TCR_Public/100830.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 30, 2010, Vol. 14, No. 240

                            Headlines


4 COINS: Case Summary & 20 Largest Unsecured Creditors
ABRAXAS PETROLEUM: June 30 Balance Sheet Upside-Down by $1.0MM
AHERN RENTALS: Moody's Downgrades Default Rating to 'Caa3'
ALLIED ELECTRICAL: Case Summary & 20 Largest Unsecured Creditors
AMCORE FINANCIAL: Files Chapter 11 Plan of Liquidation

AMERICAN HOMEPATIENT: Stock Buy-Back Offer Now Expires Sept. 1
AMERICAN HOMEPATIENT: Lenders to Restructure Debt After Repurchase
AMERICAN LIBERTY: Case Summary & 9 Largest Unsecured Creditors
AMERICAS ENERGY: Incurs $4.1 Million Net Loss in June 30 Quarter
ANTS SOFTWARE: Posts $6.2 Million Net Loss in June 30 Quarter

APARTMENT INVESTMENT: S&P Affirms 'BB+' Corporate Credit Rating
ARROW AIR: Auction Cancelled as Bids Not Suitable
ASARCO LLC: Bankruptcy Court Closes 22 Affiliates' Cases
ASARCO LLC: Firefighters Sue to Stop Consolidation With SCC
ASARCO LLC: Plan Admin Gets Sept 17 Extension for Claim Objections

ASARCO LLC: To Pay $100,000 for Washington Mine Cleanup
AVAYA INC: Bank Debt Trades at 12% Off in Secondary Market
BASHAS' INC: Lenders' Compromise to Pave Way for Emergence
BIOVANCE TECHNOLOGIES: Case Summary & 20 Largest Unsec Creditors
BLOCKBUSTER INC: Prepares for September Chapter 11 Filing

BRANSCUM PRODUCE: Files for Chapter 11 Bankruptcy in Kentucky
CHEMTURA CORP: Settles Environmental Claims With EPA for $26 Mil.
CHEMTURA CORPORATION: Issues $455 Million in Senior Notes
CITIZENS DEVELOPMENT: Case Summary & Creditors List
CLEAR CHANNEL: To Accelerate CFO Casey's Relocation to San Antonio

CN DRAGON: Swings to $24,523 Net Income in June 30 Quarter
COLETO CREEK: Bank Debt Trades at 11% Off in Secondary Market
COLONIAL BANCGROUP: Says It May be Entitled to Tax Refunds
COMPETITIVE TECH: Presented Equity Status for Continued Listing
CONTINENTAL AIRLINES: Completes $800 Million Note Private Offering

CORNELL COS: S&P Raises Corporate Credit Rating to 'BB-'
CORUS BANKSHARES: Wilmington Trust Tapped to Creditors' Committee
CRYOPORT INC: Amends Deal to Remove Anti-Dilution Provision
DELTA AIR LINES: Board Members Each Acquire 5,900 Shares
DELTA AIR LINES: Reports July 2010 Traffic Results

DELTA AIR LINES: To Create $1.2 Bil. Expansion at JFK Hub
DEFI GLOBAL: Incurs $732,500 Net Loss in June 30 Quarter
DEX MEDIA EAST: Bank Debt Trades at 22% Off in Secondary Market
DEX MEDIA WEST: Bank Debt Trades at 12% Off in Secondary Market
DOLLAR THRIFTY: Investors Ask for Injunction on Hertz Voting

E-DEBIT GLOBAL: Posts $145,805 Net Loss for Quarter Ended June 30
EL DORADO RIDGE: Case Summary & 5 Largest Unsecured Creditors
EMERALD HOSPITALITY: Voluntary Chapter 11 Case Summary
ENERTECK CORP: Posts $512,000 Net Loss in Quarter Ended June 30
EPIC ENERGY: Posts $8.6MM Net Loss in Quarter Ended June 30

ERF WIRELESS: June 30 Balance Sheet Upside-Down by $3.4-Mil.
FAIRCHILD SEMICONDUCTOR: Moody's Hikes Corporate Rating to 'Ba2'
FAIRPOINT COMMS: Bank Debt Trades at 35% Off in Secondary Market
FIRST BANCORP: Completes Exchange Offer of 256,401,610 Shares
FORBES MEDI-TECH: Completes Assets Sale to Pharmachem Laboratories

FORD MOTOR: Bank Debt Trades at 4% Off in Secondary Market
FREESCALE SEMICON: Bank Debt Trades at 10% Off in Secondary Market
FX LUXURY: Hearing on Further Cash Use on October 18
GOLDEN EAGLE: Posts $345,600 Net Loss in June 30 Quarter
GOODCRANE CORP: Trustee Prepares to Sell Assets on Sept. 8

GREENBRIER LEASING: Amends WLR-Greenbrier Syndication Agreement
GUITAR CENTER: Bank Debt Trades at 13% Off in Secondary Market
HARRISBURG, PA: Dauphin County Gets $34.7 Million Bill
HARVEST OAKS: Plan Confirmation Hearing Set for September 15
HAWKS PRAIRIE: Section 341(a) Meeting Scheduled for Sept. 16

HAWKS PRAIRIE: Taps Ryan Swanson as Bankruptcy Counsel
HEALTHSOUTH CORP: Bank Debt Trades at 0.92% Off
HSR GENERAL: Case Summary & 20 Largest Unsecured Creditors
ICOP DIGITAL: Reports $1.14MM Net Loss for Second Quarter
INDUSTRY WEST: Plan of Reorganization Wins Court Approval

INTELSAT JACKSON: Bank Debt Trades at 6% Off in Secondary Market
INTERMETRO COMMUNICATIONS: Earns $124,000 in June 30 Quarter
J.A.G. CARWASH: Case Summary & 20 Largest Unsecured Creditors
JEAN DETHIERSANT: Files Schedules of Assets & Liabilities
JEAN DETHIERSANT: Section 341(a) Meeting Scheduled for Sept. 29

KENNETH STARR: Sued by American Express for Credit Card Debt
KENTUCKY ENERGY: Incurs $1 Million Net Loss in June 30 Quarter
KILEY RANCH: Case Summary & 12 Largest Unsecured Creditors
KINSLEY FOREST: Chapter 11 Reorganization Case Dismissed
LAKE TAHOE: Plan to Pay Off Unsecured Creditors by May 2013

LAS VEGAS SANDS: Bank Debt Due 2016 Trades at 9% Off
LAS VEGAS SANDS: Bank Debt Due 2014 Trades at 10% Off
LAUREATE EDUCATION: Bank Debt Trades at 8% Off in Secondary Market
LEVEL 3 COMMS: Bank Debt Trades at 10% Off in Secondary Market
LIN TV: S&P Raises Corporate Credit Rating to 'B' From 'B-'

LOVELL'S AMERICAN: Members' Bankruptcy Didn't Dissolve LLC
MAGIC BRANDS: Plan Exclusivity Extended to Nov. 17
MASHANTUCKET WESTERN: S&P Withdraws 'D' Issuer Credit Rating
MEDICOR LTD: Gets Go Signal to Send Plan to Creditors for Voting
MERUELO MADDUX: Plan Confirmation Hearing Set for September 8

METISCAN INC: Posts $134,400 Net Loss in June 30 Quarter
MEXICANA AIRLINES: Suspends Flights Until Further Notice
MONTGOMERY REALTY: Plan of Reorganization Wins Court Approval
MSGI SECURITY: Taps L J Soldinger as New Accountant
NATIONAL RESORT: Voluntary Chapter 11 Case Summary

NBTY INC: S&P Downgrades Corporate Credit Rating to 'B+'
NEXSTAR BROADCASTING: S&P Raises Corporate Credit Rating to 'B'
NORTEL NETWORKS: To Sell Multi Service Switch Business
NOVA CHEMICALS: S&P Affirms 'B+' Corporate Credit Rating
OLD TIME POTTERY: Emerges from Chapter 11 Protection

OPTI CANADA: Completes Issuance of US$100 Million Senior Notes
OTC HOLDINGS: Moody's Downgrades Unit's Default Rating to 'D'
OTC HOLDINGS: S&P Downgrades Unit's Bank Loan Rating to 'D'
OTC HOLDINGS: Files for Chapter 11 with Plan Support Deal
OTC HOLDINGS: Case Summary & 30 Largest Unsecured Creditors

PACIFIC AVENUE: Regions Bank Wants Examiner to Probe Books
PEANUT CORP: Judge Backs $12 Million Deal for Peanut Victims
PRIVATE MEDIA: Reports EUR931,000 Net Income for June 30 Quarter
PROFESSIONAL VETERINARY: Court Okays Sept. 9 Auction
PROFESSIONAL VETERINARY: Board OKs Key Employee Incentive Program

PROFESSIONAL VETERINARY: $40MM DIP Loan Expires Sept. 30
PROTOSTAR LTD: Court to OK Disclosure Statement
QWEST COMMS: Moves to Redeem All Outstanding Convertible Notes
RADIO ONE: 2009 Stockholders' Equity Overstated by $46.2 Million
RADIO ONE: Files Amended Financial Statements for March 31 Quarter

REALOGY CORP: Bank Debt Trades at 13% Off in Secondary Market
REFLECT SCIENTIFIC: Reports $132,015 Net Loss for Q2
RICHARD HINDIN: Plan Outline Hearing Continued Until September 7
RIDGE RESTAURANT: Case Summary & 12 Largest Unsecured Creditors
RIM DEVELOPMENT: Textron Torpedos Debtor's Chapter 11 Plan

RITE AID: Subpoenaed Over Connecticut Drug Pricing
ROYAL INVEST: Posts $3.7 Million Net Loss in June 30 Quarter
SAINT VINCENTS: To Sell Suburban Psychiatric Services
SEARCHMEDIA HOLDINGS: NYSE AMEX Accepts Revised Plan of Compliance
SENSATA TECHNOLOGIES: Moody's Upgrades Corp. Family Rating to 'B2'

SINGLE TOUCH: June 30 Balance Sheet Upside-Down by $10-Mil.
SK HAND TOOL: Seeks Approval of $3.5 Mil. Assets Sale With Ideal
SNOQUALMIE ENTERTAINMENT: Moody's Keeps 'Caa3' Corp. Family Rating
SONOMA VALLEY: Reports $2.23MM Net Income for Second Quarter
SOUTH BAY: Asks for Access to Cash Collateral Until Jan. 31

SOUTH BAY: Proposes Incentive Program for 4 Key Employees
SOUTH BAY: Wants Feb. 15 Extension for Removal Period
SPHERIS INC: Ch. 11 Liquidation Plan Confirmed
ST. JAMES MECHANICAL: Creditor's Excusable Neglect Argument Fails
STATES INDUSTRIES: Files for Chapter 11 in Portland

STATMON TECHNOLOGIES: Earns $1.2 Million in June 30 Quarter
STRATUS MEDIA: Posts $1.8 Million Net Loss in June 30 Quarter
TIGRENT INC: Reports $8.2 Million Net Income in June 30 Quarter
TRANSAX INTERNATIONAL: Incurs $975,500 Net Loss in June 30 Quarter
TRIBUNE CO: Bank Debt Trades at 37% Off in Secondary Market

UTE MESA: Files Schedules of Assets & Liabilities
UTE MESA: Section 341(a) Meeting Scheduled for Sept. 20
UTE MESA: Taps Bieging Shapiro as Bankruptcy Counsel
UNITED ENERGY: Posts $59,383 Net Loss in June 30 Quarter
VEBLEN EAST: U.S. Trustee Forms Three-Member Creditors Committee

VISTEON CORP: Objects to Tower Automotive Claim
VISTEON CORP: Taps Korn/Ferry as Search Advisors
VISTEON CORP: Terminates ACH Employee Leasing Pacts
VISTEON CORP: Tower Automotive Trustee Wants to Pursue Suit
WARNER CHILCOTT: Moody's Upgrades Ratings on Senior Loan to 'Ba3'

WECHSLER & CO: Files List of 3 Largest Unsecured Creditors
WECHSLER & CO: Section 341(a) Meeting Scheduled for Sept. 29
WECHSLER & CO: Taps Rattet Pasternak as Bankruptcy Counsel
WECK CORP: Taps Hahn & Hessen as Bankruptcy Counsel
WECK CORP: U.S. Trustee Appoints 7 Members to Creditors Panel

WECK CORP: Court Extends Filing of Schedules Until Sept. 27
WECK CORP: Taps Garden City as Claims & Noticing Agent
WESTSTAR FINANCIAL: Posts $14.1 Million Net Loss in June 30 Qtr.
WILLIAM PLATT: Foreclosure Suit Prompts Chapter 11 Filing
WINDMILL DURANGE: Files Schedules of Assets & Liabilities

WINSTAR COMMUNICATIONS: IDT Seeks to Revive Suit vs. Blackstone
WORLDVEST INC: June 30 Balance Sheet Upside-Down by $1.2-Mil

* Business Filings Down, Individual Filings Rise in July
* Morgan Joseph Report Says Debt-Maturity Threat Waning
* Federal Reserve Seeks Stay of Appeals Court Disclosure Ruling

* Paul Weiss, Lowenstein Fined $2 Million for 'Frivolous' Suit

* BOND PRICING -- For the Week From August 23 - 27, 2010


                            *********


4 COINS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: 4 Coins, Inc.
        3070 Moulton Road
        Martinsville, IN 46151

Bankruptcy Case No.: 10-12671

Chapter 11 Petition Date: August 23, 2010

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Frank J. Otte

Debtor's Counsel: Guy G. Kibbe, Esq.
                  CHILCOTE & KIBBE, P.C.
                  7119 U.S. Highway 31 South
                  Indianapolis, IN 46227
                  Tel: (317) 888-2669
                  Fax: (317) 888 2469
                  E-mail: chilcoteandkibbe@sbcglobal.net

Estimated Assets: $0 to $50,000

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

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/insb10-12671.pdf

The petition was signed by Michael J. Smith, president.


ABRAXAS PETROLEUM: June 30 Balance Sheet Upside-Down by $1.0MM
--------------------------------------------------------------
Abraxas Petroleum Corporation reported that as of June 30, 2010,
it had $173,859,000 in total assets, $174,949,000 in total
liabilities, and $1,090,000 in stockholders' deficit.

The Company reported net income of $5,300,000 for the three months
ended June 30, 2010, from a net loss of $10,032,000 for the same
period in 2009.  It reported net income of $16,483,000 for the six
months ended June 30, 2010, from a net loss of $5,582,000 for the
same period in 2009.

Total revenue was $14,909,000 for the three months ended June 30,
2010, from $12,368,000 for the same period in 2009.  Total revenue
was $31,035,000 for the six months ended June 30, 2010, from
$23,218,000 for the same period in 2009.

A full-text copy of the Company's Form 10-Q report is available at
no charge at http://ResearchArchives.com/t/s?6a2b

Based in San Antonio, Texas, Abraxas Petroleum Corporation is an
independent energy company primarily engaged in the development
and production of oil and gas.


AHERN RENTALS: Moody's Downgrades Default Rating to 'Caa3'
----------------------------------------------------------
Moody's Investors Service lowered the probability of default
rating of Ahern Rentals, Inc., to Caa3 from Caa2, the rating on
Ahern's $237 million 9.25% second lien notes due August 2013 to Ca
(LGD 5, 72%) from Caa3 (LGD 5, 81%), and the speculative grade
liquidity rating to SGL-4 from SGL-3.  The corporate family rating
of Caa2 has been affirmed.  The rating outlook has been revised to
negative from stable.

Ratings:

  -- Probability of default to Caa3 from Caa2

  -- Corporate family Caa2

  -- $237 million 9.25% second priority global notes due August
     2013 to Ca LGD5, 72% from Caa3 LGD5, 81%

  -- Speculative grade liquidity to SGL-4 from SGL-3

                        Ratings Rationale

The downgrades reflect a weak liquidity profile, leverage
exceeding 11 times, and Moody's view that non-residential
construction activity levels in Ahern's region will not
significantly rebound in 2011.  Liquidity profile weakness stems
from near-term (August 2011) expiration of Ahern's $310 million
asset-based revolving credit line, which had borrowings of $284
million on June 30, 2010.

The Caa3 probability of default downgrade reflects a challenging
revolver refinancing environment and Moody's view that Ahern's
very high leverage increases risk of a capital re-
structure/creditor loss event that Moody's would probably consider
a default.  Although the equipment rental sector's demand low
point appears to have passed, Moody's do not anticipate demand
gains at a level that would sufficiently moderate Ahern's credit
profile by mid-2011.  The Caa3 probability of default rating does
contemplate some possibility of the revolver refinancing effort
succeeding without a capital re-structure/creditor loss event
taking place.  However, an improved liquidity profile thereafter
would also depend on the company's potential to repay its
$95 million first lien/second out term loan maturing December
2012.

The corporate family rating remains unchanged despite the
probability of default rating downgrade because Moody's have
revised the firm's stress-scenario creditor recovery estimate to
60% from 50%.  Ahern's tangible assets to debt ratio of just below
1.0 time, average fleet age of 44 months (June 2010) and
expectation of used equipment price stability support the 60%
creditor recovery estimate.  The revision also encompasses recent
developments of Neff Corp.'s Chapter 11 bankruptcy case underway.
Moody's estimate of Neff's pending creditor recovery to debtor
tangible assets, compared to Ahern's $585 million of tangible
assets, would suggest greater than 50% recovery potential for
Ahern's creditors.  The foregoing statement considers that Neff's
fleet likely holds relatively more earth-moving equipment than
does Ahern's, mostly high-reach, fleet, and that near-term demand
prospects for earth-moving equipment appear more promising than do
those for high reach equipment.

The higher probability of default and the better creditor recovery
estimate, drove the second lien note rating downgrade and loss-
given-default assessment change (to 72% from 81%), pursuant to
Moody's Loss Given Default methodology.

Pronounced downside risk from weak capital structure and liquidity
profile underscore the negative rating outlook.

The probability of default rating would be downgraded if
likelihood of default were to become certain; the rating would be
upgraded if the liquidity profile were to improve.

Moody's last rating action on Ahern occurred January 27, 2010 when
the probability of default rating was changed to Caa2 from Caa3
and a limited default (LD) designation was assigned.

Ahern Rentals, Inc., headquartered in Las Vegas, Nevada, is a
regional equipment supplier with 71 branches predominately in the
Southwest region of the United States.  The company specializes in
high reach equipment.  For the twelve months ended June 2010 Ahern
generated revenues of $275 million.


ALLIED ELECTRICAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Allied Electrical Contractors, LLC
        1190 Walker Avenue
        Memphis, TN 38106-1840

Bankruptcy Case No.: 10-28999

Chapter 11 Petition Date: August 23, 2010

Court: United States Bankruptcy Court
       Western District of Tennessee (Memphis)

Judge: Jennie D. Latta

Debtor's Counsel: James D. Gentry, Esq.
                  GENTRY ARNOLD, PLLC
                  5050 Poplar Avenue, Suite 511
                  Memphis, TN 38157
                  Tel: (901) 591-8800
                  Fax: (888) 492-4905
                  E-mail: gentrybankruptcy@gentryarnold.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/tnwb10-28999.pdf

The petition was signed by Michael Eskridge, manager.


AMCORE FINANCIAL: Files Chapter 11 Plan of Liquidation
------------------------------------------------------
AMCORE Financial filed with the U.S. Bankruptcy Court a proposed
Chapter 11 Plan of Liquidation and an explanatory Disclosure
Statement.

BankruptcyData.com reports that the Plan provides for the
liquidation of the Debtor's assets and for the distribution of the
net available cash to creditors in order of their relative
priority of distribution under the Bankruptcy Code.

According to the Disclosure Statement, the Plan, BData relates,
provides for these terms:

  * The Federal Deposit Insurance Corp. would receive, among other
    things:

     (a) $550,000 in cash;

     (b) any and all of the state income tax receivable, estimated
         to be $300,000;

     (c) any and all of the insurance refund proceeds;

     (d) a waiver by the Debtor of its right to assert any
         avoidance actions, including, but not limited to, to
         those arising under sections 545 to 553 of the Bankruptcy
         Code, related to the bank portion of the federal tax
         returns and refunds, both filed and not filed, received
         and to be received;

     (e) a release of certain potential claims; and

     (f) other compensation as set forth more fully in the Plan.

  * Holders of allowed general unsecured claims would receive
    their respective pro rata interests in the liquidation trust.

As of the petition date, the Debtor had $6.4 million in cash,
which includes approximately $3.3 million in short-term
investments, from payments made to a trust as part of the
Company's deferred compensation program, that is currently being
held by the Wilmington Trust Company, as trustee, but that belongs
to the Debtor for the benefit of its creditors.  Of the cash
amount, the Debtor estimates that roughly $1 million will be
required to fund the cash reserves for the payment of
administrative claims, priority tax claims, and other payments
required under the Plan, as well as to pay for anticipated post-
confirmation operating expenses in connection with the remaining
wind down of the Debtor's affairs.

A hearing to consider the Plan and Disclosure Statement is
scheduled for September 8, 2010.

                       About AMCORE Financial

Rockford, Ill.-based AMCORE Financial is a registered bank holding
company for AMCORE Bank.  On April 23, 2010, regulators closed the
bank and appointed the Federal Deposit Insurance Corporation as
receiver.  To protect the depositors, the FDIC entered into a
purchase and assumption agreement with Harris National Association
to assume all of the deposits of AMCORE Bank, National
Association.

AMCORE Financial filed for Chapter 11 protection on August 19 in
Chicago (Bankr. N.D. Ill. Case No. 10-37144).

The Company said in documents attached to the petition that it had
assets of $7.2 million against debts of $75.4 million as of the
bankruptcy filing.  Roughly $57 million owed to Wilmington Trust,
as indenture trustee, on account of a junior subordinated debt due
2037.

George N. Panagakis, Esq., at Skadden, Arps, Slate, Meagher &
Flom, in Chicago, serves as counsel to the Debtor.  Kurtzman
Carson Consultants LLC serves as claims agent.


AMERICAN HOMEPATIENT: Stock Buy-Back Offer Now Expires Sept. 1
--------------------------------------------------------------
American HomePatient, Inc. announced Thursday that it is extending
its previously announced self-tender offer for all outstanding
shares of common stock of the Company at $0.67 per share, until
5:00 P.M., New York City time, Wednesday, September 1, 2010,
unless the tender offer is further extended.  The tender offer was
previously set to expire at 5:00 P.M., New York City Time,
Wednesday, August 25, 2010.

Furthermore, American HomePatient (with the consent of Highland
Capital Management, L.P.) is modifying the tender offer condition
that the number of shares tendered, when added to the number of
shares owned by Highland and its affiliates, constitutes at least
90% of the then outstanding shares of common stock (the "Minimum
Condition").  Instead of 90%, the Minimum Condition will now be
satisfied if the number of shares tendered, when added to the
number of shares owned by Highland and its affiliates, constitutes
at least 80% of the then outstanding shares of common stock.

As of the close of business on August 25, 2010, 6,896,041 shares
of common stock had been tendered in and not withdrawn from the
offer.  These tendered shares, when added to the number of shares
owned by Highland and its affiliates, constitute approximately 87%
of the outstanding shares of common stock.

                    About American HomePatient

Brentwood, Tenn.-based American HomePatient, Inc. (OTC BB: AHOM)
is one of the nation's largest home health care providers with
operations in 33 states.  Its product and service offerings
include respiratory services, infusion therapy, parenteral and
enteral nutrition, and medical equipment for patients in their
home.

The Company's balance sheet at June 30, 2010, showed
$240.7 million in total assets, $274.4 million in total
liabilities, and a stockholders' deficit of $33.7 million.

As reported in the Troubled Company Reporter on March 8, 2010,
KPMG LLP, in Nashville, Tennessee, expressed substantial doubt
about the Company's ability to continue as a going concern after
auditing the Company's financial statements for the year ended
December 31, 2009.  The independent auditors noted that at
December 31, 2009, the Company had a net capital deficiency and
had a net working capital deficiency resulting from $226.4 million
of debt that matured on August 1, 2009.


AMERICAN HOMEPATIENT: Lenders to Restructure Debt After Repurchase
------------------------------------------------------------------
American HomePatient, Inc., filed on August 26, Amendment No. 3 to
its Schedule 13E-3 as filed with the Securities and Exchange
Commission on July 7, 2010.  The Schedule 13E-3 relates to a self-
tender offer by the Company to repurchase all shares of its common
stock at $0.67 in cash per share.  Highland Crusader Offshore
Partners, L.P., and Highland Capital Management, L.P., will not
tender their shares in the Offer.  The purpose of the Offer is to
redeem as many Shares as possible from shareholders other than
Highland in order to concentrate Highland's percentage ownership
in the Company as a first step in the Company becoming 100% owned
by Highland.

The Schedule 13E-3 was filed in connection with the Offer, which
is being made upon the terms and conditions set forth in the Offer
to Purchase, dated July 7, 2010, and in the related Letter of
Transmittal, each as originally filed with the Tender Offer
Statement by the Company with the SEC on July 7, 2010, and
subsequently amended on July 22, 2010, and August 5, 2010.  If the
Offer successfully closes, then Highland and Crusader, together
with the Company's other senior lenders, have agreed to
restructure the Company's secured debt, and the Company will be
obligated to repurchase the tendered and not withdrawn Shares at
the Offer price of $0.67 per share, net to the seller in cash,
without interest and less applicable withholding taxes.  If
following the Offer less than 100% of the Shares are held by
Highland, Crusader, or their affiliates, then the Company intends
to pursue a second-step merger pursuant to which the remaining
Shares not held by one of Highland, Crusader, or one of their
affiliates will be repurchased for $0.67 per share, subject to
appraisal rights for those shareholders who properly perfect and
exercise such rights under Nevada law.  If the Offer, and any
required second-step merger, are successfully consummated, the
Company will no longer be publicly owned, the Shares will cease to
be quoted on the Over-the-Counter Bulletin Board, and the Company
will cease to be required to make filings with the SEC or to
comply with the SEC rules relating to public companies.

A full-text copy of the Schedule 13E-3/A is available for free at:

               http://researcharchives.com/t/s?6a47

                    About American HomePatient

Brentwood, Tenn.-based American HomePatient, Inc. (OTC BB: AHOM)
is one of the nation's largest home health care providers with
operations in 33 states.  Its product and service offerings
include respiratory services, infusion therapy, parenteral and
enteral nutrition, and medical equipment for patients in their
home.

The Company's balance sheet at June 30, 2010, showed
$240.7 million in total assets, $274.4 million in total
liabilities, and a stockholders' deficit of $33.7 million.

As reported in the Troubled Company Reporter on March 8, 2010,
KPMG LLP, in Nashville, Tennessee, expressed substantial doubt
about the Company's ability to continue as a going concern after
auditing the Company's financial statements for the year ended
December 31, 2009.  The independent auditors noted that at
December 31, 2009, the Company had a net capital deficiency and
had a net working capital deficiency resulting from $226.4 million
of debt that matured on August 1, 2009.


AMERICAN LIBERTY: Case Summary & 9 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: American Liberty For Cosmic Property, LLC
        P.O. Box 6467
        Lake Worth, FL 33466

Bankruptcy Case No.: 10-34949

Chapter 11 Petition Date: August 23, 2010

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

Judge: Paul G. Hyman Jr.

Debtor's Counsel: Susan D. Lasky, Esq.
                  SUSAN D. LASKY, PA
                  2101 N Andrews Ave. #405
                  Wilton Manors, FL 33311
                  Tel: (954) 565-5854
                  Fax: (954) 462-8411
                  E-mail: SDLPAECF@bellsouth.net

Scheduled Assets: $1,554,264

Scheduled Debts: $3,772,722

A list of the Company's nine largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-34949.pdf

The petition was signed by Nabil Kishk, as president of Halaal,
LLC, Debtor's manager.


AMERICAS ENERGY: Incurs $4.1 Million Net Loss in June 30 Quarter
----------------------------------------------------------------
Americas Energy Company-AECo, formerly Trend Technology
Corporation, filed its quarterly report on Form 10-Q, reporting a
net loss of $4.1 million on $3.6 million of revenue for the three
months ended June 30, 2010.  No year-over-year results are
available for comparison.

The Company's balance sheet as of June 30, 2010, showed
$39.4 million in total assets, $31.3 million in total liabilities,
and a stockholders' deficit of $8.1 million.

Weaver & Martin, LLC,in Kansas City, Mo., expressed substantial
doubt about the Company's ability to continue as a going concern,
after auditing the Company's financial statements for the period
from July 13, 2009 (inception), through March 31, 2010.  The
independent auditors noted that the Company has suffered recurring
losses and had negative cash flows from operations.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a4c

                About Americas Energy Company-AECo

Knoxville, Tenn.-based Americas Energy Company-AECo currently
operates surface mines in southeastern Kentucky.  The Company was
incorporated under the name of Trend Technology Corporation in the
State of Nevada on February 16, 2001.  On October 14, 2009, the
Company changed its name to Americas Energy Company-AECo in
anticipation of the acquisition of Americas Energy Company, which
occurred on January 21, 2010.  The merger transaction was
accounted for as a reverse acquisition with AECo considered as the
accounting acquirer.  AECO was organized in Nevada on July 13,
2009.

On March 31, 2010, the Company acquired all of the outstanding
shares of Evans Coal Corp. in exchange for $7,000,000 in cash, a
$25,000,000 promissory note and a 2% overriding royalty on all
coal sales generated from the properties acquired from Evans.
Evans was organized in Kentucky on July 9, 1987, and is engaged in
the business of mining high-grade steam coal from its properties
located in Southeast Kentucky.


ANTS SOFTWARE: Posts $6.2 Million Net Loss in June 30 Quarter
-------------------------------------------------------------
ANTs Software Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $6.2 million on $1.5 million of revenue
for the three months ended June 30, 2010, compared with a net loss
of $3.9 million on $1.4 million of revenue for the same period of
2009.

The Company's balance sheet as of June 30, 2010, showed
$30.1 million in total assets, $25.0 million in total liabilities,
and stockholders' equity of $5.1 million.

According to the Form 10-Q, the Company has a net accumulated
deficit during its years of operations totaling $141.4 million as
of June 30, 2010.

Weiser LLP, in New York, noted in its March 31, 2010, report that
the Company has incurred significant recurring operating losses,
decreasing liquidity, and negative cash flows from operations.
"These factors raise substantial doubt about the Company's ability
to continue as a going concern."

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a1f

Based in San Francisco, ANTs Software Inc. developed the ANTs
Compatibility Server and continues to develop additional ACS
products.  The ACS brings the promise of a fast, cost-effective
method to move applications from one database to another and
enables enterprises to achieve cost efficiencies by consolidating
their applications onto fewer databases.


APARTMENT INVESTMENT: S&P Affirms 'BB+' Corporate Credit Rating
---------------------------------------------------------------
Multifamily rental fundamentals are improving; notably, rental
rates have been trending higher year-to-date.  S&P feels that
operating conditions are firming and that apartment REIT portfolio
cash flows are near trough levels and should improve sequentially
in the second half of 2010.  S&P affirmed its 'BB+' corporate
credit rating on Apartment Investment & Management Co. and its
operating partnership, AIMCO Properties L.P.  S&P also affirmed
the 'B+' rating assigned to the company's preferred securities.

The outlook remains negative.  AIMCO's debt protection measures
are stabilizing but remain weak.  They would face further downward
pressure if the already shallow economic recovery falters and
derails the nascent apartment recovery.

Standard & Poor's Ratings Services affirmed its ratings on
Apartment Investment and Management Co. and its operating
partnership AIMCO Properties L.P.  The outlook remains negative.

"The rating on AIMCO reflects the company's significant financial
profile, notably higher-than-average leverage, and weak fixed-
charge coverage," said Standard & Poor's credit analyst George
Skoufis.  "AIMCO's aggressive asset recycling has been dilutive to
cash flow and contributed to the weaker fixed-charge coverage.
However, the portfolio quality has improved."

AIMCO's conventional apartment portfolio has performed well
relative to its peers and should continue to improve as apartment
fundamentals strengthen.  Long debt tenor and proactive balance
sheet management has positioned the company with modest debt
maturities through 2011 and a maturity schedule with manageable
annual maturities (less than 10%) beyond 2011.

Denver-based AIMCO is one of the nation's largest multifamily real
estate investment trusts.  The company owns or has an interest in
232 conventional (71,909 units) and 254 affordable (29,540 units)
communities spread across 43 states, the District of Columbia, and
Puerto Rico.  AIMCO also provides property and asset management
services to an additional 331 properties (27,901 units).

The outlook remains negative.  AIMCO's debt protection measures
are stabilizing but remain weak.  They would face further downward
pressure if the already shallow economic recovery falters and
derails the nascent apartment recovery.  S&P would lower the
ratings one notch if coverage measures have not troughed and
deteriorate from current levels.  There is no momentum for ratings
to improve due to AIMCO's highly leverage financial profile and
weak coverage metrics.


ARROW AIR: Auction Cancelled as Bids Not Suitable
-------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Arrow Air Inc. canceled an auction scheduled for
August 25 because none of the bids complied with requirements set
down by the bankruptcy judge.  At the canceled auction, Arrow
hoped to sell all its assets, including the operating certificate
that allows the company to operate as an airline.

                         About Arrow Air

Miami, Florida-based Arrow Air, Inc., provides scheduled and
charter cargo logistics services between the United States,
Central and South America, and the Caribbean.  The Company is a
wholly owned subsidiary of Arrow Air Holdings Corp., which is 95%
owned by an affiliate of MatlinPatterson Global Opportunities
Partners III.

Arrow Air, Inc., dba Arrow Cargo, filed for Chapter 11 bankruptcy
protection on June 30, 2010 (Bankr. S.D. Fla. Case No. 10-28831).
Jordi Guso, Esq., in Miami, Florida, represents the Debtor in its
restructuring effort.

The Chapter 11 case is Arrow's third.  Arrow halted operations the
day before the Chapter 11 filing.  Arrow Air intends to liquidate
under Chapter 11.

In its schedules, Arrow Air, Inc., disclosed $40,246,024 in assets
and $87,212,942 in debts.


ASARCO LLC: Bankruptcy Court Closes 22 Affiliates' Cases
--------------------------------------------------------
Judge Richard Schmidt of the U.S. Bankruptcy Court for the
Southern District of Texas entered a final decree and order
closing the bankruptcy cases of 22 of ASARCO LLC's debtor
affiliates.

The Bankruptcy Court designates ASARCO LLC's bankruptcy case,
Case No. 05-21207, as the surviving case.

The 22 ASARCO Affiliates' administered cases are:

       Company Name                             Case No.
       ------------                             --------
       Lac d'Amiante Du Quebec Ltee             05-20521
       CAPCO Pipe Company, Inc.                 05-20522
       Cement Asbestos Products Company         05-20523
       Lake Asbestos of Quebec, Ltd.            05-20524
       LAQ Canada, Ltd.                         05-20525
       ASARCO Consulting, Inc.                  05-21346
       ASARCO Master, Inc.                      05-21883
       Bridgeview Management  Company, Inc.     05-21884
       ASARCO Oil and Gas Company, Inc.         05-21886
       ALC, Inc.                                05-21888
       Covington Land Company                   05-21892
       AR Mexican Explorations, Inc.            05-21893
       American Smelting and Refining Company   05-21894
       Southern Peru Holdings, LLC              06-20774
       AR Sacaton, LLC                          06-20775
       ASARCO Exploration Company, Inc.         06-20776
       Wyoming Mining and Milling Company       08-20197
       Alta Mining and Development Company      08-20198
       Tulipan Company, Inc.                    08-20199
       Blackhawk Mining and Dev. Co., Ltd.      08-20200
       Peru Mining Exploration and Dev. Co.     08-20201
       Green Hill Cleveland Mining Company      08-20202

Prior to the entry of Bankruptcy Court's Final Order, Stutzman,
Bromberg, Esserman & Plifka; Oppenheimer Blend Harrison + Tate,
Inc., and Future Claims Representative Robert C. Pate filed a
joint objection to the Plan Administrator's request to close the
22 Administered Cases.

SBEP serves as counsel to the Official Committee of Asbestos
Claimants.  Oppenheimer represents the FCR.

The Objecting Parties argued that their final fee applications
and requests for payment of administrative claims are still
outstanding.  They pointed out, among other things, that none of
the Debtors' reorganization cases are fully administered and
hence, the relief sought in the request is premature and
inappropriate.

Notwithstanding the entry of the Final Order, the Bankruptcy
Court avers that it will retain subject matter jurisdiction over:

  (a) the final fee applications of the Objecting Parties; and

  (b) the adversary proceeding captioned Lac d'Amiante du
      Quebec, Ltee, et al. v. Allstate Insurance Company, et
      al., No. 07-2025 (Bankr. S.D. Tex.).

Judge Schmidt directs the Plan Administrator and Reorganized
ASARCO to comply with their obligations under the Confirmed Plan,
the Confirmation Order, and any other applicable orders of the
Bankruptcy Court and the U.S. District Court for the Southern
District of Texas, as they relate to any final order resolving
the Final Fee Applications.

In this light, the contentions of the Objecting Parties are
deemed resolved and withdrawn in their entirety.

Any requirement that the Plan Administrator and the Reorganized
Debtors file further post-confirmation reports is waived in the
22 Administered Cases, and all further reporting relating to the
Reorganized Debtors will occur on a consolidated basis in the
Surviving Case.

                          About Asarco LLC

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

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

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

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


ASARCO LLC: Firefighters Sue to Stop Consolidation With SCC
-----------------------------------------------------------
A firefighters' trust fund sued Southern Copper Corporation and
German Larrea over Grupo Mexico, S.A.B. De C.V.'s plan of
consolidating SCC with ASARCO LLC into a single business.

Mr. Larrea is Grupo Mexico's president and chief executive
officer.

The Oklahoma Firefighters Pension & Retirement System filed its
complaint in Delaware's Chancery Court, arguing that the proposed
merger transaction grossly overvalued ASARCO at US$5.9 billion,
Reuters reports.  The case is Oklahoma Firefighters v. German
Larrea and Southern Copper Corp., CA5729, Delaware Chancery Court
(Wilmington).

According to Bloomberg News, the firefighters assert that Grupo
Mexico, which owns 80% of SCC, is not seeking approval of
minority shareholders.  The complaint seeks class action status.

                          About Asarco LLC

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

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

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

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


ASARCO LLC: Plan Admin Gets Sept 17 Extension for Claim Objections
------------------------------------------------------------------
Mark A. Roberts of Alvarez and Marsal North America LLC,
Reorganized Asarco's Plan Administrator, sought and obtained an
order from Judge Richard S. Schmidt of the U.S. Bankruptcy Court
for the Southern District of Texas for an extension of the time by
which he can file objections to claims pursuant to Section 14.2 of
the Confirmed Plan of Reorganization and Rule 9006(b)(1)(1) of the
Federal Rules of Bankruptcy Procedure, through and including
Sept. 17, 2010.

The Plan Administrator sought the extension to prevent any
unmeritorious claims from becoming allowed merely by the passage
of time.

The Plan Administrator, along with Reorganized ASARCO LLC,
diligently reviewed disputed claims since the effective date of
the Debtors' Confirmed Plan, according to Dion W. Hayes, Esq., at
McGuirewoods LLP, in Richmond, Virginia.  He notes that since the
Effective Date, the Plan Administrator distributed approximately
$3.349 billion to holders of Allowed Claims.  The Plan
Administrator distributed an additional $36 million as other
claims have become allowed.

The Plan Administrator continues to make distributions on account
of Allowed Claims as they become allowed or when the Plan
Administrator and ASARCO determine not to file an objection,
according to Mr. Hayes.  He contends that the requested extension
will not prejudice the holders of Disputed Claims because
postpetition interest on those claims continues to accrue and
will be paid on the allowed amount, if any, of a Disputed Class 3
Claim, if and when it becomes an Allowed Claim.

In subsequent order, Judge Schmidt extended ASARCO and the Plan
Administrator's deadline to object to (i) the Blue Ledge Claim,
through September 17, 2010, and (ii) the Kelly Camp Claim through
November 1, 2010.

The Blue Ledge Claim, also known as Claim No. 18284, is asserted
for response costs and natural resource damages at the Blue Ledge
Mine in Siskiyou County, California.

Pursuant to a settlement, the United States of America and ASARCO
have agreed to and will exchange documents requested by each side
regarding the Blue Ledge Claim.  The parties also agreed to work
cooperatively to ensure that those documents are produced, and
that a deposition of the custodian of documents for ASARCO will
be held, no later than September 10, 2010.

Under the Blue Ledge settlement, ASARCO and the Government will
file a joint stipulation with the U.S. District Court for the
Eastern District of California, agreeing that (i) the Government
will have until October 1, 2010, to file any responsive pleading
to or motion to dismiss the complaint filed and served by ASARCO
in the District Court, Civil Action No. 10-cv-00802-JAM-KJN, and
(ii) that all parties reserve all rights and defenses, including
relating to any motion to dismiss that action.

In full satisfaction and compromise of the Kelly Camp Claim,
ASARCO, the Plan Administrator and the Government agree that the
Government will be allowed a general unsecured claim for
$100,000.

                          About Asarco LLC

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

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

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

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


ASARCO LLC: To Pay $100,000 for Washington Mine Cleanup
-------------------------------------------------------
Bankruptcy Law360 reports that Asarco LLC has agreed to pay
$100,000 to resolve a claim brought in bankruptcy court by the
U.S. Department of Agriculture seeking cleanup costs related to a
copper and tungsten mine in Washington state.

Asarco's plan administrator filed a notice with the U.S.
Bankruptcy Court for the Southern District of Texas on Tuesday
indicating that the parties had reached a settlement agreement,
according to Law360.

                          About Asarco LLC

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

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

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

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


AVAYA INC: Bank Debt Trades at 12% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which Avaya, Inc., is a
borrower traded in the secondary market at 87.58 cents-on-the-
dollar during the week ended Friday, August 27, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 0.97 percentage points
from the previous week, The Journal relates.  The Company pays 275
basis points above LIBOR to borrow under the credit facility,
which matures on October 26, 2014.  The loan is not rated by
Moody's and Standard & Poor's.  The loan is one of the biggest
gainers and losers among 216 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Avaya, Inc., based in Basking Ridge, New Jersey, is a supplier of
communications systems and software for enterprise customers.

Avaya carries a 'B3' corporate family rating from Moody's
Investors Service.  In December 2009, Moody's downgraded Avaya's
corporate family rating to 'B3' from 'B2', citing that the
downgrade was driven by challenges presented by the acquisition of
Nortel's enterprise assets as well as the large amount of
additional debt incurred to finance the acquisition (around $1
billion).


BASHAS' INC: Lenders' Compromise to Pave Way for Emergence
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that secured bank lenders and noteholders reached a
settlement with Bashas' Inc. that will result in the withdrawal of
appeals from the Aug. 13 confirmation order approving the
supermarket operator's Chapter 11 plan.

According to the report, the agreement calls for the lenders to be
paid each month rather than once a year.  The monthly payments are
to be "in accord with the debtor's projections," according to a
court filing.  In addition, the lenders can pursue their claims
for default interest, fees, expenses and "yield maintenance."

The lenders, owed some $217 million, include Prudential Life
Insurance Co. of America, Wells Fargo Bank NA, Bank of America NA,
and Compass Bank.

Bashas' plan promises to creditors receiving full payment, and
shareholders retaining their equity.

                        About Bashas' Inc.

Bashas' Inc. is a 77-year-old grocery chain that owns 158 retail
stores located throughout Arizona.  It is doing business as
National Grocery, Bashas Food, Bashas' United Drug, Food City,
Eddie's Country Store, A.J. Fine Foods, Western Produce, Bashas'
Distribution Center, Sportsman's, and Bashas' Dine.

The Company and its affiliates filed for Chapter 11 bankruptcy
protection on July 12, 2009 (Bankr. D. Ariz. Case No. 09-16050).
Frederick J. Petersen, Esq., at Mesch, Clark & Rothschild, P.C.,
assists the Debtors in their restructuring efforts.  Michael W.
Carmel, Ltd., is the Debtors' co-counsel.  Deloitte Financial
Advisory LLP serves as financial advisors.  Epiq Bankruptcy
Solutions, LLC, serves as claims and notice agent.  In its
bankruptcy petition, Bashas' estimated assets and debts of
$100 million to $500 million as of the Petition Date.


BIOVANCE TECHNOLOGIES: Case Summary & 20 Largest Unsec Creditors
----------------------------------------------------------------
Debtor: Biovance Technologies, Inc.
          dba Pro Nutrient Technologies, Inc
              Biovance Life Sciences, Inc.
              Biovance R & D, Inc.
        11515 No. 84th St.
        Omaha, NE 68122

Bankruptcy Case No.: 10-82441

Chapter 11 Petition Date: August 23, 2010

Court: United States Bankruptcy Court
       District of Nebraska (Omaha Office)

Judge: Thomas L. Saladino

Debtor's Counsel: David Grant Hicks, Esq.
                  POLLAK & HICKS PC
                  6910 Pacific St. #216
                  Omaha, NE 68106
                  Tel: (402) 345-1717
                  E-mail: dhickslaw@aol.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/neb10-82441.pdf

The petition was signed by William E. Julian, president.


BLOCKBUSTER INC: Prepares for September Chapter 11 Filing
----------------------------------------------------------
Blockbuster Inc. has informed multiple movie studios that the
company is preparing for a chapter 11 bankruptcy filing in mid-
September, nertDockets reports, citing The Los Angeles Times.

According to the report, the filing, if it occurs, would be the
second chapter 11 filing by a major movie rental chain just this
year.

                      About Blockbuster Inc.

Blockbuster Inc. -- http://www.blockbuster.com/-- is a global
provider of rental and retail movie and game entertainment.  It
has a library of more than 125,000 movie and game titles.

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

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

In February 2010, Blockbuster hired law firm Weil, Gotshal &
Manges and investment bank, Rothschild Inc., to explore strategies
for cutting the Company's $1 billion debt load.

In March 2010, the Company said it was seeking to refinance its
debt and could be forced into bankruptcy.  Blockbuster has
received from bondholders a series of moratoriums on payment of
principal and interest, the latest of which expires September 30,
2010.  According to Bloomberg News, Blockbuster received the
latest one-month reprieve from creditors so it can prepare for a
possible bankruptcy filing in September.


BRANSCUM PRODUCE: Files for Chapter 11 Bankruptcy in Kentucky
-------------------------------------------------------------
Lesley Chubick at The Packer reports that a meeting of creditors
of Branscum Produce LLC is set for Oct. 8, 2010, at 12:00 p.m., at
the Bowling Green Courthouse.  Scot A. Bachert serves as the
company's attorney, Ms. Chubick notes.

Red Book Credit Services reported that Branscum's average days-to-
pay was at 42 before the Chapter 11 filing.  The average days to
pay as of August 1 for a chain store or wholesaler was 30,
compared with the same time last year, when RBCS was seeing the
average days to pay at 31.

Branscum Produce LLC filed a Chapter 11 petition on August 6
(Bankr. W.D. Ky. Case No. 10-11226).  The Debtor estimated assets
and debts of under $1 million in its Chapter 11 petition.  See
http://bankrupt.com/misc/kywb10-11226.pdf


CHEMTURA CORP: Settles Environmental Claims With EPA for $26 Mil.
-----------------------------------------------------------------
Chemtura Corporation and its debtor affiliates have entered into
an agreement with the United States Environmental Protection
Agency, which resolves the Debtors' liabilities at contaminated
sites across the U.S. for approximately $26 million.

The Agreement settles Chemtura's environmental liabilities under
the Comprehensive Environmental Response, Compensation and
Liability Act (CERCLA, commonly known as Superfund), and for
violations of the Clean Air Act (CAA), the Clean Water Act (CWA),
and the Emergency Planning and Community Right-to-Know Act
(EPCRA).

Chemtura will pay approximately $26,000,000 in cash and allowed
claims for 17 properties, 12 of which are on EPA's list of the
most serious hazardous waste sites requiring cleanup.  Much of
the money paid to the United States will be used by EPA to pay
for future cleanup work; more than $8 million will be used to
address environmental cleanup and restoration work at the Diamond
Alkali Superfund Site in New Jersey.  Chemtura will continue to
honor its cleanup work obligations at the Laurel Park, Inc.
Superfund Site in Naugatuck, Connecticut.  The settlement
agreement, however, does not resolve Chemtura's environmental
liabilities arising out of the Gowanus Canal Superfund Site.
Those liabilities, which are expressly excluded from the scope of
the Settlement, remain the subject of ongoing negotiation.

The settlement also resolves a claim for penalties under CERCLA,
CAA, CWA and EPCRA due to violations stemming from a May 2004
fire at Chemtura's Bio-Lab, Inc. facility in Conyers, Georgia.
The U.S. Treasury will receive approximately $785,000 for the
penalties.

Chemtura will make cash payments, aggregating more than
$9,000,000, for these Sites:

  Site                                          Cash Payment
  ----                                          ------------
  Beacon Heights Landfill Superfund Site          $3,800,000
  Cleve Reber Site in Louisiana                      125,000
  Cooper Drum Company Superfund Site, CA             710,000
  Delaware Sand and Gravel Superfund Site, DE      1,237,500
  Halby Chemical Superfund Site, DE                  450,000
  Interstate Lead Company Superfund Site, AL         192,752
  Stauffer-LeMoyne Superfund Site, AL              1,049,553
  Stoney Creek Technologies Site, PA               1,554,618

In addition, EPA will have environmental claims, aggregating more
than $16,900,000, allowed against Chemtura:

  Site                                          Claim Allowed
  ----                                          -------------
  Beacon Heights Site, CT                         $1,000,000
  Carolawn Site, SC                                        0
  Central Chemical Site, MD                          150,000
  Cleve Reber Site, LA                                20,000
  Cooper Drum Site, CA                               400,000
  Delaware Sand and Gravel Site, DE                  300,000
  Diamond Alkali Site, NJ (EPA)                    7,327,850
  Diamond Alkali Site, NJ (Nat'l. Oceanic
    and Atmospheric Administration)                1,172,150
  Halby Site, DE                                     200,000
  ILCO Site, AL                                       21,359
  Jadco Site, NC                                       1,584
  Landia Site, FA                                    711,111
  LWD Site, KY                                         2,300
  Malone Service Site, TX                            175,000
  Red Panther Site, MS                               285,000
  Stauffer-LeMoyne Site, AL                           85,588
  Stoney Creek Site, PA                            4,245,382
  Swope Oil Site, NJ                                       0
  Bio-Lab Facility, GA                               785,714
  El Dorado Site, AR                                  45,000

The settlement agreement will be lodged with the U.S. Bankruptcy
Court for the Southern District of New York for a period of 15
days before its entry to provide public notice and to afford
members of the public the opportunity to comment on the
settlement.

                       About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC. As of

December 31, 2008, the Debtors had total assets of $3.06 billion
and total debts of $1.02 billion.

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


CHEMTURA CORPORATION: Issues $455 Million in Senior Notes
---------------------------------------------------------
Chemtura Corporation, debtor-in possession has completed its
previously announced private placement offering of $455 million in
principal amount of 7.875% unsecured senior notes due 2018.

Chemtura also entered into its previously announced senior secured
term loan facility in the principal amount of $295 million.
Chemtura issued the senior notes and entered into the term loan to
fund its anticipated exit financing package required under its
Chapter 11 plan of reorganization, if the Plan is confirmed.  The
net proceeds of the senior notes and term loan have been funded
into segregated escrow accounts for release to Chemtura if the
Plan is confirmed by the Bankruptcy Court and certain other
conditions are satisfied.  Upon satisfaction of the escrow
conditions, including confirmation of the Plan, Chemtura intends
to use the net proceeds of the senior notes and the term loan,
together with cash on hand, to make payments contemplated under
the Plan and to fund Chemtura's emergence from Chapter 11.

                     About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC. As of

December 31, 2008, the Debtors had total assets of $3.06 billion
and total debts of $1.02 billion.  Bankruptcy Creditors' Service,
Inc., publishes Chemtura Bankruptcy News.  The newsletter tracks
the Chapter 11 proceedings undertaken by Chemtura Corp. and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


CITIZENS DEVELOPMENT: Case Summary & Creditors List
---------------------------------------------------
Debtor: Citizens Development Corp.
        1295 Discovery Street
        San Marcos, CA 92078-4032

Bankruptcy Case No.: 10-15142

Chapter 11 Petition Date: August 26, 2010

Court: U.S. Bankruptcy Court
       Southern District of California (San Diego)

Judge: Margaret M. Mann

Debtor's Counsel: Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  E-mail: rb@lnbyb.com

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

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

The petition was signed by Matthew C. DiNofia, sole shareholder
and president.

Debtor-affiliates that filed separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
In re LSM Executive Course, LLC       10-07480            04/30/10
In re LSM Hotel, LLC                  10-13024            07/26/10

Citizens Development's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
German American Capital Corp       Guarantee of debt   $11,018,955
60 Wall Street, 10th Floor
New York, NY 10005

Ron Frazar                         Guarantee of debt    $6,000,000
P.O. Box 4970
Whitefish, MT 59937

California Credit Union            Guarantee of debt    $5,922,568
701 N. Brand Boulevard, 3rd Floor
Glendale, CA 91203

El Toreador Prop Grp/J Serhan      Guarantee of debt    $4,000,000
550 W. C. Street, Suite 700
San Diego, CA 92101

Bank of the West                   Guarantee of debt    $3,000,000
180 Montgomery Street, 25th Floor
San Francisco, CA 94101

San Diego County Treasurer -       Property Tax           $237,637

Jani-King of Calif, Inc. - SDO     Trade Debt              $77,761

CA State Board of Equalization     Sales and Use Tax       $56,241

Foley & Lardner LLP                Trade Debt              $36,637

Vallecitos Water District          Trade Debt              $31,133

San Diego Gas & Electric           Trade Debt              $31,075

Vanorsdale Insurance Services      Trade Debt              $25,520

Haineslaw                          Trade Debt              $24,871

Kitabayashi Design Studio          Trade Debt              $19,428

Steve I. Kastner, Esq.             Trade Debt              $17,571

Acushnet/Titlest                   Trade Debt              $15,881

Bank of America                    Trade - Credit Card     $13,031

Dept of Water Resources            Trade - Gov't Fees      $12,500

Worlwide Payment Systems, S.A.     Trade Debt              $10,597

TIG Global LLC                     Trade Debt              $10,000


CLEAR CHANNEL: To Accelerate CFO Casey's Relocation to San Antonio
------------------------------------------------------------------
Thomas W. Casey became the chief financial officer of Clear
Channel Communications Inc. effective as of January 4, 2010.

Clear Channel said in an August 20 regulatory filing that pursuant
to the terms of his previously disclosed employment agreement, in
connection with his relocation to the Company's corporate
headquarters in San Antonio, Texas, Mr. Casey is eligible for
certain relocation benefits under the Company's relocation
policies for a period of 24 months after the effective date of his
employment agreement.  In order to accelerate Mr. Casey's
relocation to San Antonio, Texas from the 24-month period
referenced in his employment agreement, a subsidiary of the
Company also has entered into a relocation services agreement with
a third party relocation company and has agreed to provide
Mr. Casey with an amount to cover duplicate housing expenses, if
necessary due to his accelerated relocation, each as described
below.

Clear Channel added in the Securities and Exchange Commission
filing that pursuant to the Relocation Agreement, the relocation
company will obtain appraisals on the value of Mr. Casey's
residence in Washington from two independent professional
appraisers and the relocation company will offer to purchase Mr.
Casey's home at a purchase price equal to the average of those two
appraisals.  If Mr. Casey accepts the offer, the relocation
company will purchase Mr. Casey's home and subsequently resell it.
If Mr. Casey locates a buyer at a purchase price that exceeds that
average appraised value, the relocation company will agree to
purchase Mr. Casey's home at the higher price and complete the
sale to the buyer.  If Mr. Casey incurs duplicate housing expenses
due to his accelerated relocation to San Antonio and the timing of
the sale of his Washington home to the relocation company, a
subsidiary of the Company will provide Mr. Casey with up to
$25,000 for housing expenses during the period of time after his
relocation to San Antonio until the sale of his Washington home to
the relocation company.  Upon the sale of his Washington home to
the relocation company, Mr. Casey will receive the equity value in
the home.  A subsidiary of the Company also will compensate Mr.
Casey up to $270,000 for any losses to him on the sale of his
Washington home after the first 10% of any such losses, and also
will compensate him for any taxes resulting from these relocation
benefits.  A subsidiary of the Company will bear the costs
associated with the relocation company's purchase and subsequent
resale of Mr. Casey's home, as well as the costs of maintaining
the home during the resale process.  A subsidiary of the Company
will receive any gain, and reimburse the relocation company for
any loss, on the resale of Mr. Casey's home.

                        About Clear Channel

Clear Channel Communications, Inc. -- http://www.clearchannel.com/
-- is a diversified media company with three primary business
segments: radio broadcasting, outdoor advertising and live
entertainment.  Clear Channel Communications is the operating
subsidiary of San Antonio, Texas-based CC Media Holdings, Inc.

Clear Channel carries a 'Caa2' corporate family rating from
Moody's Investors Service.


CN DRAGON: Swings to $24,523 Net Income in June 30 Quarter
----------------------------------------------------------
CN Dragon Corporation reported net income of $24,523 on $363,542
of revenue for the transition period from April 1, 2010, to
June 30, 2010, compared with a net loss (pro-forma) of $15,480 on
no revenue for the three months ended June 30, 2010.

The Company changed its accounting year ended from April 30 to
March 31 starting from 2011.  The prior period is adjusted to
reflect the pro-forma result of presentation.

The Company's balance sheet as of June 30, 2010, showed
$1.88 million in total assets, $1.90 million in total liabilities,
and a stockholders' deficit of $22,056.

Albert Wong & Co., in Hong Kong, expressed substantial doubt about
the Company's ability to continue as a going concern, following
its 2009 results.  The independent auditors noted that
the Company has not generated significant revenues since inception
and has never paid any dividends and is unlikely to pay dividends
or generate significant earnings in the immediate or foreseeable
future.

In its latest 10-Q, the Company discloses that it as of June 30,
2010, it has incurred an accumulated deficit of $5.22 million, and
that its current liabilities exceed its current assets by $62,098,
which may not be sufficient to pay for the operating expenses in
the next 12 months.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a4f

Based in Hong Kong, China, CN Dragon Corporation was incorporated
under the laws of the State of Nevada on August 30, 2001, under
the name Infotec Business Systems, Inc.  On June 8, 2007, the
Company changed its name to Wavelit, Inc.  On September 14, 2009,
the Company changed its name to CN Dragon Corporation and began
new business operations in the PRC.  On May 17, 2010, the Company
acquired CNDC Corporation, as its wholly-owned subsidiary.

CNDC is a hotel management, development and consulting group.
CNDC was incorporated under the laws of the British Virgin Islands
on March 26, 2008.  CNDC operates through its wholly-owned
subsidiaries, CN Dragon Holdings Ltd and Zhengzhou Dragon Business
Ltd, which were incorporated in Hong Kong and the People's
Republic of China respectively.


COLETO CREEK: Bank Debt Trades at 11% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which Coleto Creek Power
L.P. is a borrower traded in the secondary market at 89.40 cents-
on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 0.75
percentage points from the previous week, The Journal relates.
The Company pays 275 basis points above LIBOR to borrow under the
facility.  The bank loan matures on June 28, 2013, and carries
Moody's B1 rating and Standard & Poor's B+ rating.  The loan is
one of the biggest gainers and losers among 216 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

As reported by the Troubled Company Reporter on August 3, 2010,
Standard & Poor's affirmed  its 'B+' rating on Coleto Creek Power
L.P.'s $735 million senior secured first-lien term loan due 2013,
$170 million synthetic letter of credit facility maturing 2013,
and $60 million working capital revolving facility maturing 2011.
The outlook is stable.  The recovery rating is '2'.

"The 'B+' rating reflects a high debt burden, substantial
refinancing risk when the term loans mature in June 2013, and poor
merchant market conditions for the short to medium term," said
Standard & Poor's credit analyst Swami Venkataraman.

Coleto is an indirect, wholly owned partnership subsidiary of
International Power PLC (BB/Watch Dev/--) and owns the 632-
megawatt coal-fired Coleto plant in the Electric Reliability
Council of Texas region.


COLONIAL BANCGROUP: Says It May be Entitled to Tax Refunds
----------------------------------------------------------
The Colonial BancGroup, Inc., said in a regulatory filing that it
may be entitled to federal income tax refunds as a result of
losses for during tax years 2008 and 2009.

On August 26, 2010, the Company filed with the U.S. Bankruptcy
Court for the Middle District of Alabama, a second amendment to
"Schedule B - Personal Property" section in its schedules of
assets and liabilities.  The purpose of the Second Amendment is to
provide updated information with respect to certain personal
property assets of the Company and its entitlement to certain tax
refunds.

As set forth in the Second Amendment, the Company believes that it
may be entitled to federal income tax refunds as a result of
losses for tax purposes during tax years 2008 and 2009.  A dispute
exists between the Company and the FDIC-Receiver regarding
entitlement to any tax refunds that may be received from any
federal, state or local taxing authority.  The issue of ownership
of tax refunds is presently pending before the United States
District Court for the Middle District of Alabama.  Absent the
final adjudication of ownership or settlement of any disputes with
the FDIC-Receiver, it is not possible to state with certainty the
amount of the Company's entitlement to any tax refund received
from any federal, state or local taxing authority.  If any tax
refund is received by the Company or the FDIC-Receiver, that
refund is required to be deposited into a separate, segregated
account in the Company's name pursuant to the Stipulation and
Order Regarding Establishment of Segregated Account for Tax-
Related Payments [Doc. No. 621] pending resolution of the issue of
ownership.

At this time, the Company is unable to state with any degree of
certainty the precise manner in which the Company will seek a
refund of taxes from the Internal Revenue Service or the amount or
timing of any refund, though the Company intends to file its 2009
federal income tax return and make its 5-year carryback election
no later than September 15, 2010.

A copy of the Form 8-K filing is available for free at

               http://researcharchives.com/t/s?6a45

A copy of the Second Amendment is available for free at:

               http://researcharchives.com/t/s?6a46

                  About The Colonial BancGroup

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

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
on August 25, 2009 (Bankr. M.D. Ala. Case No. 09-32303).  W. Clark
Watson, Esq., at Balch & Bingham LLP, and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, assist the Debtor in
its restructuring effort.  In its schedules, the Debtor disclosed
$45 million in total assets and $380 million in total liabilities
as of the Petition Date.


COMPETITIVE TECH: Presented Equity Status for Continued Listing
---------------------------------------------------------------
Competitive Technologies, Inc. disclosed that John B. Nano, CTT's
Chairman, President, and CEO, and other Company executives met
with the Listing Qualifications Panel of the NYSE Amex and
Exchange Staff members at the previously announced delisting
hearing on August 25, 2010.  Following the presentation and in
depth discussion, members of the Panel advised CTT that they will
review all the information at their disposal, including
information presented and discussed at the hearing, and make a
final listing determination.  CTTs' stock will continue to trade
on the NYSE Amex and company operations will continue as usual.

"We appreciate the opportunity to describe in detail our financial
situation and the willingness of the Exchange's Panel and Staff to
consider the detailed information that we have presented," said
Mr. Nano.

                    About Competitive Technologies

Competitive Technologies -- http://www.competitivetech.net--
established in 1968, provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  CTT is a global leader in
identifying, developing and commercializing innovative products
and technologies in life, electronic, nano, and physical sciences
developed by universities, companies and inventors.  CTT maximizes
the value of intellectual assets for the benefit of its customers,
clients and shareholders.


CONTINENTAL AIRLINES: Completes $800 Million Note Private Offering
------------------------------------------------------------------
Continental Airlines Inc. completed on Aug. 18, 2010, its private
offering of $800,000,000 aggregate principal amount of 6.750%
Senior Secured Notes due 2015.  The Senior Secured Notes were sold
only to qualified institutional buyers in accordance with Rule
144A under the Securities Act of 1933, as amended.

The Senior Secured Notes were issued under an Indenture, dated as
of Aug. 18, 2010, among Continental, Continental's wholly-owned
subsidiaries Air Micronesia, Inc. and Continental Micronesia,
Inc., as guarantors, The Bank of New York Mellon Trust Company,
N.A., as trustee, and Wilmington Trust FSB, as collateral trustee.

The Senior Secured Notes will mature on September 15, 2015.  The
Senior Secured Notes bear interest at a rate of 6.750% per annum,
payable semi-annually on March 15 and September 15 of each year,
beginning March 15, 2011.  The indebtedness evidenced by the
Senior Secured Notes may be accelerated upon the occurrence of
events of default under the Indenture which are customary for
financings of this nature.  The Senior Secured Notes will be
senior secured obligations of Continental, unconditionally
guaranteed on a senior secured basis by the Guarantors.  The
Senior Secured Notes are secured by Continental's route authority
to operate between:

    i) Newark and Tokyo, Japan,

   ii) Houston and Tokyo, Japan,

  iii) Newark and Hong Kong, China,

   iv) Newark and Beijing, China,

    v) Newark and Shanghai, China,

   vi) Newark and London, England and

  vii) Houston and London, England, certain of Continental's
       airport takeoff and landing slots and rights to use and
       occupy space at airports utilized in connection with the
       foregoing routes, the capital stock of AMI and CMI and
       substantially all of the assets of AMI and CMI.

Continental, at its option, may redeem some or all of the Senior
Secured Notes at any time on or after September 15, 2012 at
specified redemption prices, plus accrued and unpaid interest, if
any.  In addition, at any time prior to September 15, 2012,
Continental, at its option, may redeem:

    1) some or all of the Senior Secured Notes at a redemption
       price equal to 100% of their principal amount plus a "make-
       whole" premium and accrued and unpaid interest, if any, and

    2) up to 35% of the aggregate principal amount of the Senior
       Secured Notes with the proceeds of certain equity offerings
       at a redemption price of 106.750% of their principal
       amount, plus accrued and unpaid interest, if any.  In
       addition, at any time prior to September 15, 2014,
       Continental, at its option, may redeem, during any 12-month
       period, up to 10% of the original aggregate principal
       amount of the Senior Secured Notes at a redemption price of
       103% of their principal amount, plus accrued and unpaid
       interest, if any.

A full-text copy of the Indenture dated Aug. 18, 2010, is
available for free at http://ResearchArchives.com/t/s?69ca

                    About Continental Airlines

Continental Airlines is the world's fifth largest airline.
Continental, together with Continental Express and Continental
Connection, has more than 2,700 daily departures throughout the
Americas, Europe and Asia, serving 132 domestic and 137
international destinations.  Continental is a member of Star
Alliance.  Continental has total assets of $13.60 billion against
total debts of $12.87 billion as of June 30, 2010.

In May 2010, Continental announced an agreement to merge with UAL
Corp.  The merger has not yet been completed.

In August 2010, Moody's Investors Service affirmed its 'B2'
corporate family, with negative outlook, for Continental Airlines.
Moody's said the affirmation, among other things, signifies the
potential for it to maintain the B2 rating if the proposed merger
with UAL (B3 corporate family from Moody's, on review for upgrade)
is completed under terms that enable the combined entity to
achieve the potential revenue and cost synergies that have been
identified.  However, the outlook remains negative because of the
industry's weak track record in successfully executing large
business combinations.

Continental caries a 'B' corporate rating, on watch negative, from
Standard & Poor's.


CORNELL COS: S&P Raises Corporate Credit Rating to 'BB-'
--------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its long-
term corporate credit rating on U.S. private corrections operator
Cornell Cos. Inc. to 'BB-' from 'B+' following the completion of
The GEO Group Inc.'s (BB-/Stable/--) acquisition of Cornell on
Aug. 13, 2010.  The outlook is stable.  The ratings were then
removed from CreditWatch, where they were placed with positive
implications on April 20, 2010.

The ratings on Cornell Cos. are subsequently withdrawn as the
$112 million 10.75% senior notes due July 2012 have been repaid.


CORUS BANKSHARES: Wilmington Trust Tapped to Creditors' Committee
-----------------------------------------------------------------
Wilmington Trust has been appointed by the United States Trustee
to serve as a member of the unsecured creditors' committee in the
bankruptcy of Corus Bankshares, Inc.

Wilmington Trust is indenture trustee for bondholders who hold
approximately $98 million of principal in subordinated debt.
Corus's bankruptcy filing poses no credit or investment risk to
Wilmington Trust, nor does it affect Wilmington Trust's balance
sheet.  Wilmington Trust is paid a fee for the services it
provides in this case.

Wilmington Trust's CCS business offers institutional trustee,
agency, asset management, retirement plan, and administrative
services for clients worldwide, many of which use capital market
financing structures or seek to establish or maintain legal
residency for special purpose entities.  Because Wilmington Trust
does not underwrite securities offerings or provide investment
banking services, it is able to deliver corporate trust services
that are conflict-free.

                   About Wilmington Trust

Wilmington Trust Corporation is a financial services holding
company that provides Regional Banking services throughout the
mid-Atlantic region, Wealth Advisory Services for high-net-worth
clients in 36 countries, and Corporate Client Services for
institutional clients in 89 countries.  Its wholly owned bank
subsidiary, Wilmington Trust Company, which was founded in 1903,
is one of the largest personal trust providers in the United
States and the leading retail and commercial bank in Delaware.
Wilmington Trust Corporation and its affiliates have offices in
Arizona, California, Connecticut, Delaware, Florida, Georgia,
Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey,
New York, Pennsylvania, South Carolina, Vermont, the Cayman
Islands, the Channel Islands, London, Dublin, Frankfurt,
Luxembourg, and Amsterdam.


                    About Corus Bankshares

Chicago, Illinois-based Corus Bankshares, Inc., is a bank holding
company.  Its lone operating unit, Corus Bank, N.A., closed
September 11, 2009, by regulators and the Federal Deposit
Insurance Corporation was named receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with MB Financial Bank, National Association, Chicago,
Illinois, to assume all of the deposits of Corus Bank.

The Company filed for Chapter 11 bankruptcy protection on June 15,
2010 (Bankr. N.D. Ill. Case No. 10-26881).  Kirkland & Ellis LLP's
James H.M. Sprayregen, Esq., David R. Seligman, Esq., and Jeffrey
W. Gettleman, Esq., serve as the Debtor's bankruptcy counsel.
Kinetic Advisors is the Company's restructuring advisor.  Plante &
Moran is the Company's auditor and accountant.  Kilpatrick
Stockton LLP's Todd Meyers, Esq., and Sameer Kapoor, Esq.; and
Neal Gerber & Eisenberg LLP's Mark Berkoff, Esq., Deborah Gutfeld,
Esq., and Nicholas M. Miller, Esq., represent the official
committee of unsecured creditors.  As of June 15, 2010, the
Company listed $314,145,828 in assets and $532,938,418 in
liabilities.


CRYOPORT INC: Amends Deal to Remove Anti-Dilution Provision
-----------------------------------------------------------
On August 9, 2010, CryoPort Inc. entered into definitive
agreements for a private placement of its securities to certain
institutional and accredited investors for aggregate gross
proceeds of $3,202,201 pursuant to the Securities Purchase
Agreements between the Registrant and each Investor and the
Registration Rights Agreement among the Registrant, Maxim Group
LLC, Emergent Financial Group, Inc., and the Investors.  The
Company intends to use the proceeds for working capital purposes.

Subsequent to entering into the definitive agreements but prior
to the closing of the private placement, the Company determined
that certain anti-dilution provisions added to the form of
purchase agreement and form of warrant at the request of certain
institutional investors prior to their execution would trigger a
default under the securities purchase agreements entered into by
the Company in connection with its prior debenture financings in
October 2007 and May 2008.

On Aug. 19, 2010, the Company and Investors modified the Purchase
Agreements and the form of warrant to remove the anti-dilution
provisions that would have triggered a default under the prior
debenture financings and to grant the Investors a right to
participate in future private placements for a period of 24 months
following the closing.  The Company closed the private placement
with respect to proceeds of approximately $3,000,000 on August 20,
2010 and anticipates closing on the remaining proceeds early next
week.

Pursuant to the Revised Purchase Agreements, the Investors
purchased an aggregate of 4,574,573 units, with each Unit
consisting of:

    i) one share of common stock of the Registrant, and

   ii) one warrant to purchase one share of Common Stock at an
       exercise price of $0.77 per share.

In addition, pursuant to the Revised Purchase Agreement, the
Company also issued to certain Investors who were also investors
in connection with the Company's underwritten public offering
registered on Form S-1 (File No. 333-162350), which was declared
effective by the Securities and Exchange Commission on Feb. 25,
2010, warrants to purchase in the aggregate 445,001 shares of
Common Stock at an exercise price of $0.77 per share.  The
warrants are immediately exercisable and have a term of five
years.

Pursuant to the Registration Rights Agreement, the Company is
obligated to file a registration statement with the SEC
registering the resale of the shares of Common Stock issued to the
Investors and the shares of Common Stock underlying the warrants
issued to the Investors within 60 days following the close of the
transaction.  The Registration Rights Agreement also provides for:

    i) certain payments by the Registrant to the Investors if such
       registration statement is not filed within such period and

   ii) indemnification by each of the Company and the Investors
       to the other party and certain affiliates of such party
       against certain liability related to such registration
       statement.

Maxim Group LLC and Emergent Financial Group, Inc. served as
the Registrant's placement agents in this transaction and both
received a customary fee of 7% of the aggregate gross proceeds
received from the Investors, plus reimbursement of expenses, and
were issued a warrant to purchase 334,500 and 305,940 shares of
Common Stock, respectively, at an exercise price of $0.77 per
share.

                         Going Concern

KMJ Corbin & Company LLP expressed substantial doubt against
CryoPort Inc.'s ability as a going concern.  The firm noted that
the Company has incurred recurring losses and negative cash flows
from operations since inception.  Although the Company has working
capital of $1,994,934 and cash and cash equivalents balance of
$3,629,886 at March 31, 2010, management has estimated that cash
on hand, which include proceeds from the offering received in the
fourth quarter of fiscal 2010, will only be sufficient to allow
the Company to continue its operations only into the second
quarter of fiscal 2011.

                       About CryoPort Inc.

Headquartered in Lake Forest, Calif., CryoPort, Inc. (OTC BB:
CYRXD) -- http://www.cryoport.com/-- provides innovative cold
chain frozen shipping system dedicated to providing superior,
affordable cryogenic shipping solutions that ensure the safety,
status and temperature of high value, temperature sensitive
materials.  The Company has developed a line of cost-effective
reusable cryogenic transport containers capable of transporting
biological, environmental and other temperature sensitive
materials at temperatures below 0o Celsius.

The Company's balance sheet at March 31, 2010 showed $4.7 million
in total assets and $5.6 million in total liabilities, for a
stockholder's deficit of $914,575.


DELTA AIR LINES: Board Members Each Acquire 5,900 Shares
--------------------------------------------------------
Members of the Board of Directors at Delta Air Lines, Inc., filed
separate reports informing the U.S. Securities and Exchange
Commission on July 30, 2010, that they each acquired 5,900 shares
of Delta common stock:

The Directors are:

  Director                   Shares Owned Post-Transaction
  --------                   ----------------------------
  Roy J.Bostock                         33,378
  John S. Brinzo                        25,473
  Daniel A. Carp                        30,353
  John M. Engler                        30,628
  Mickey P. Foret                       35,255
  David R. Goode                        35,423
  Paula Rosput Reynolds                 25,423
  Rodney E. Slater                      30,628
  Douglas M. Steenland                 468,479
  Kenneth Woodrow                       25,423

Non-employee members of Delta's Board of Directors receive an
annual restricted stock award of $70,000, based on current market
price.  The Shares reported by the Directors represent the annual
restricted stock award grant to them, as approved by the Delta
Board on July 30, 2010.

Mr. Foret, as the sole member of Aviation Consultants, LLC, also
acquired 89 shares of Delta common stock that were distributed by
Delta in accordance with the First Amended Joint and Consolidated
Plan of Reorganization under Chapter 11 of the Bankruptcy Code for
Northwest Airlines Corporation and its affiliated entities, with
respect to a prepetition unsecured claim held by Aviation
Consultants.  Northwest became a Delta subsidiary on October 29,
2008.  Pursuant to the Chapter 11 Plan, Aviation Consultants has
in the past received shares of Northwest common stock.  These
shares were converted to Delta common stock upon consummation of
the merger of Northwest and Delta.  Aviation Consultants may, in
the future, receive additional shares of Delta common stock with
respect to this same claim as all unsecured claims held by
creditors of the Debtors continue to be reconciled.

                          Roy Bostock

Roy J. Bostock, a director at Delta Air Lines, Inc., reported to
the Securities and Exchange Commission on July 30, 2010, that he
acquired 5,900 shares of Delta common stock.

Non-employee members of Delta's Board of Directors receive an
annual restricted stock award of $70,000, based on current market
price.  The Shares reported by Mr. Bostock represent the annual
restricted stock award granted to him, as approved by the Board of
Directors on July 30, 2010.

Following the transaction, Mr. Bostock beneficially owned
33,378 shares of Delta common stock.

                       About Delta Air Lines

Atlanta, Georgia-based Delta Air Lines (NYSE: DAL) --
http://www.delta.com/or http://www.nwa.com/-- provides scheduled
air transportation for passengers and cargo throughout the United
States, and around the world.  The Company's route network is
centered on the hub system it operate at airports in Atlanta,
Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York-JFK,
Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-
Narita. The hub operations include flights, which gather and
distribute traffic from markets in the geographic region
surrounding the hub to domestic and international cities and to
other hubs. The network is supported by a fleet of aircraft, which
is varied in terms of size and capabilities.  On December 31,
2009, the Company's wholly owned subsidiary Northwest Airlines,
Inc., merged with and into Delta.  The wholly owned subsidiary of
the Company is Northwest Airlines Corporation.

Northwest and 12 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17930).
On May 21, 2007, the Court confirmed the Northwest Debtors'
amended plan.  That amended plan took effect May 31, 2007.

Delta and 18 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).
Marshall S. Huebner, Esq., at Davis Polk & Wardwell, represented
the Delta Debtors in their restructuring efforts. On April 25,
2007, the Court confirmed the Delta Debtors' plan.  That plan
became effective on April 30, 2007.

(Bankruptcy Creditors Service Inc. publishes Delta Air Lines
Bankruptcy News, http://bankrupt.com/newsstand/or 215/945-7000).

                        *     *     *

Delta Air Lines and Northwest Airlines carry a 'B/Negative/--'
corporate ratings from Standard & Poor's.  They also continue to
carry 'B2' corporate family ratings from Moody's and "B-" LT
Issuer Default rating from Fitch.

Delta Air carries a 'B-' issuer default rating from Fitch Ratings.


DELTA AIR LINES: Reports July 2010 Traffic Results
--------------------------------------------------
Delta Air Lines (NYSE: DAL) reported traffic results for July
2010.  System traffic in July 2010 increased 0.5 percent compared
to July 2009 on a 0.3 percent decrease in capacity.  Load factor
increased 0.7 points to 88.3 percent.

Domestic traffic decreased 2.1 percent year over year on a
1.7 percent decrease in capacity.  Domestic load factor decreased
0.3 points to 88.2 percent.  International traffic increased 4.5
percent year over year on a 1.8 percent increase in capacity, and
load factor increased 2.2 points to 88.5 percent.

                       Delta Air Lines
                   Monthly Traffic Results

                    July 2010         July 2009      Change
                    ---------         ---------      ------
RPMs (000):

Domestic           11,533,242        11,779,758      (2.1%)
Mainline            9,157,168         9,294,345      (1.5%)
Regional            2,376,074         2,485,413      (4.4%)

International       8,088,194         7,740,653       4.5%
Latin America       1,220,016         1,127,906       8.2%
  Mainline           1,187,803         1,102,803       7.7%
  Regional              32,213            25,103      28.3%
Atlantic            4,730,274         4,644,142       1.9%
Pacific             2,137,904         1,968,605       8.6%

System             19,621,436        19,520,411       0.5%

ASMs (000):

Domestic           13,082,921        13,304,560      (1.7%)
Mainline           10,232,410        10,300,942      (0.7%)
Regional            2,850,511         3,003,618      (5.1%)

International       9,135,804         8,970,015       1.8%
Latin America       1,386,003         1,296,857       6.9%
  Mainline           1,344,700         1,267,394       6.1%
  Regional              41,303            29,463      40.2%
Atlantic            5,311,578         5,285,756       0.5%
Pacific             2,438,223         2,387,402       2.1%

System             22,218,725        22,274,575      (0.3%)

Load Factor

Domestic                 88.2%             88.5%     (0.3)  pts
  Mainline                89.5%             90.2%     (0.7)  pts
  Regional                83.4%             82.7%      0.7   pts

International            88.5%             86.3%      2.2   pts
  Latin America           88.0%             87.0%      1.0   pts
   Mainline               88.3%             87.0%      1.3   pts
   Regional               78.0%             85.2%     (7.2)  pts
  Atlantic                89.1%             87.9%      1.2   pts
  Pacific                 87.7%             82.5%      5.2   pts

System                   88.3%             87.6%      0.7   pts

Passengers Boarded  15,765,141        16,065,048      (1.9%)

Mainline
Completion
Factor                    97.7%             99.4%      (1.7)  pts

Cargo Ton Miles (000):
Passenger Cargo       203,092           153,876      32.0%
Freighter Cargo             0            50,309    (100.0%)

System                 203,092           204,185      (0.5%)

                       Delta Air Lines
                Year to Date Traffic Results

                    July 2010         July 2009      Change
                    ---------         ---------      ------
RPMs (000):

Domestic           68,680,697        69,163,145      (0.7%)
Mainline           54,119,014        54,379,814      (0.5%)
Regional           14,561,683        14,783,331      (1.5%)

International      43,201,911        42,370,713       2.0%
Latin America       7,500,141         7,121,813       5.3%
  Mainline           7,320,999         6,998,141       4.6%
  Regional             179,142           123,672      44.9%
Atlantic           23,256,910        24,208,186      (3.9%)
Pacific            12,444,860        11,040,714      12.7%

System            111,882,608       111,533,858       0.3%

ASMs (000):

Domestic           82,077,199        83,330,399      (1.5%)
Mainline           63,680,088        64,075,891      (0.6%)
Regional           18,397,111        19,254,508      (4.5%)

International      52,140,812        53,712,868      (2.9%)
Latin America       9,478,265         9,167,034       3.4%
  Mainline           9,236,705         8,988,507       2.8%
  Regional             241,560           178,527      35.3%
Atlantic           28,052,096        30,782,100      (8.9%)
Pacific            14,610,451        13,763,734       6.2%

System            134,218,011       137,043,267      (2.1%)

Load Factor

Domestic                 83.7%             83.0%      0.7   pts
  Mainline                85.0%             84.9%      0.1   pts
  Regional                79.2%             76.8%      2.4   pts

International            82.9%             78.9%      4.0   pts
  Latin America           79.1%             77.7%      1.4   pts
   Mainline               79.3%             77.9%      1.4   pts
   Regional               74.2%             69.3%      4.9   pts
  Atlantic                82.9%             78.6%      4.3   pts
  Pacific                 85.2%             80.2%      5.0   pts

System                   83.4%             81.4%       2.0   pts

Passengers Boarded  94,518,767        95,431,123       (1.0%)

Cargo Ton Miles (000):
Passenger Cargo     1,276,206           912,915      39.8%
Freighter Cargo             0           302,299    (100.0%)

System              1,276,206         1,215,214       5.0%

                       About Delta Air Lines

Atlanta, Georgia-based Delta Air Lines (NYSE: DAL) --
http://www.delta.com/or http://www.nwa.com/-- provides scheduled
air transportation for passengers and cargo throughout the United
States, and around the world.  The Company's route network is
centered on the hub system it operate at airports in Atlanta,
Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York-JFK,
Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-
Narita. The hub operations include flights, which gather and
distribute traffic from markets in the geographic region
surrounding the hub to domestic and international cities and to
other hubs. The network is supported by a fleet of aircraft, which
is varied in terms of size and capabilities.  On December 31,
2009, the Company's wholly owned subsidiary Northwest Airlines,
Inc., merged with and into Delta.  The wholly owned subsidiary of
the Company is Northwest Airlines Corporation.

Northwest and 12 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17930).
On May 21, 2007, the Court confirmed the Northwest Debtors'
amended plan.  That amended plan took effect May 31, 2007.

Delta and 18 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).
Marshall S. Huebner, Esq., at Davis Polk & Wardwell, represented
the Delta Debtors in their restructuring efforts. On April 25,
2007, the Court confirmed the Delta Debtors' plan.  That plan
became effective on April 30, 2007.

(Bankruptcy Creditors Service Inc. publishes Delta Air Lines
Bankruptcy News, http://bankrupt.com/newsstand/or 215/945-7000).

                        *     *     *

Delta Air Lines and Northwest Airlines carry a 'B/Negative/--'
corporate ratings from Standard & Poor's.  They also continue to
carry 'B2' corporate family ratings from Moody's and "B-" LT
Issuer Default rating from Fitch.

Delta Air carries a 'B-' issuer default rating from Fitch Ratings.


DELTA AIR LINES: To Create $1.2 Bil. Expansion at JFK Hub
---------------------------------------------------------
Delta Air Lines (NYSE: DAL), the Port Authority of New York and
New Jersey and JFK International Air Terminal LLC (JFKIAT)
unveiled plans for the enhancement and expansion of Terminal 4 at
John F. Kennedy International Airport.  The $1.2 billion project
will create a state-of-the-art facility for New York's fastest
growing global airline.

"The newly expanded and enhanced Terminal 4, one of many
substantial investments we're making in New York, will provide
significant benefits to our customers, employees and the city of
New York for decades to come," said Delta Chief Executive Officer
Richard Anderson.  "Following a multi-year effort, we are very
pleased to have reached a decision with the Port Authority of New
York and New Jersey, JFKIAT and Schiphol USA.  This plan allows us
to move forward with the enhancement of our JFK hub, one that will
showcase modern, welcoming facilities and meet the needs of the
world's most competitive and largest aviation market."

"John F. Kennedy Airport, one of the world's busiest airports,
will continue its transformation into one of the nation's most
state-of the-art airports with the approval of this plan and
the construction of a new billion dollar extension to the
international terminal," said New York Gov. David Paterson. "The
Terminal 4 expansion will not only help increase customer service
for thousands of travelers and bring much-needed renovations and
upgrades to handle the demands of 21st century air travel, but it
will create hundreds of construction jobs for New York residents.
I would like to thank Port Authority Executive Director Chris Ward
and Delta Air Lines CEO Richard Anderson for their commitment to
this project, and for laying the groundwork for a new, world-class
terminal at JFK Airport."

"Ensuring reliable air transportation to and from New York City is
crucial to strengthening our economy. And the decision by Delta
Air Lines to expand its international terminal at Kennedy Airport
will make it easier for even more people to travel to this city in
the coming years," said New York City Mayor Michael Bloomberg.
"Not only will this $1.2 billion project cement New York City's
status as the nation's top travel destination, it will also create
an additional 10,000 jobs over the next three years."

"This Delta-Port Authority announcement launches a billion dollar
expanded and enhanced facility for JFK that will create new jobs
and a state-of-the-art portal to the world's greatest city," said
U.S. Sen. Charles Schumer.  "JFK is the gateway to New York City.
And with Delta flying non-stop to five continents, this new
facility will enable travelers to fly to and from our great city
with ease and comfort. Terminal 4 will greatly improve traveling
for New Yorkers -- and travelers across the globe -- and showcase
New York as the transportation hub of not only the nation, but the
world."

"I applaud Delta Air Lines and the Port Authority of New York and
New Jersey for working together to bring this major investment to
John F. Kennedy International Airport," said U.S. Sen. Kirsten
Gillibrand.  "This $1.2 billion project represents a firm
commitment from Delta Air Lines to further deepen its ties to New
York's economy by providing jobs and enhancing our transportation
infrastructure.  I look forward to working with our airline
carriers and airport operators to further upgrade our aviation
infrastructure and ensure good jobs and quality air transit for
New York's economy."

"The announcement of a new Delta Air Lines terminal expansion and
enhancement at JFK Airport is a great moment for the Sixth
Congressional District," said U.S. Rep. Gregory W. Meeks.
"Thousands of jobs will be created with badly needed revenue to
aid our economic recovery.  I would like to commend Delta Air
Lines, the Port Authority and everyone involved for their
commitment to the people of New York and those who will visit our
great city."

"New York works best when New Yorkers are working," said New York
Senate Majority Conference Leader John L. Sampson.  "Today's
announcement secures the type of sound business initiatives we
need to create the jobs and grow the industries that will help New
York retain its standing as the Empire State.  I applaud Gov.
Paterson, Mayor Bloomberg, our U.S. Senate and Congressional
delegation, Port Authority Executive Director Chris Ward, Delta
CEO Richard Anderson, as well as Senate President Pro Tempore
Malcolm A. Smith and Senator Shirley Huntley for their collective
efforts to rebuild our economy."

"The economic stability of New York State depends upon our ability
to create jobs and to retain and attract businesses," said New
York Senate President Pro Tempore Malcolm A. Smith.  "This
announcement today by Delta Air Lines to expand their terminal is
exactly the type of investment that secures these key goals,
resulting in thousands of jobs and billions of dollars to the
region.  I congratulate Gov. Paterson, Mayor Bloomberg, Port
Authority Executive Director Chris Ward, Delta CEO Richard
Anderson and Senator Shirley Huntley for their successful
perseverance over the last year and a half in making this critical
economic development initiative a reality."

"Today, we welcome Delta Air Lines and CEO Richard Anderson and
commend their decision to build a state-of-the-art, showcase
terminal facility at JFK.  Substantial investments like the one
Delta is making will create much needed economic development,
thousands of jobs and helps us build a bigger, brighter New York,"
said New York State Assembly Speaker Sheldon Silver.

                   Terminal 4 Improvements
                    and Customer Benefits

Currently, Delta operates predominantly out of Terminal 2 for
domestic flights and Terminal 3 for international service.  The
expansion of Terminal 4 -- which has been successfully managed by
JFKIAT for over a decade -- will replace the outdated Terminal 3
facilities to enhance the customer experience for the 11 million
passengers Delta serves at JFK annually.  Delta anticipates that
customers will experience an improvement in operational
performance through dual taxiways, resulting in reduced taxi times
and better on-time performance.  Delta is also upgrading its
inter-terminal passenger connectors between Terminals 2 and 4 for
faster transit between the facilities.

Delta customers will further benefit from the airline's ability to
continue expanding its international network, which currently
includes non-stop service to 94 destinations from JFK and more
than 1,200 weekly departures.  International service includes non-
stop service to Africa, Europe, the Middle East, Asia, Latin
America and the Caribbean, with new service being offered to
Tokyo, Tel Aviv and Iceland among other destinations.

                Economic Impact to the Region

Since making a strategic decision to build New York into a hub
earlier this decade, Delta has made major investments across the
New York region, boosting its economic impact to more than
$13 billion annually.  Delta's current JFK operation generates
49,000 jobs in the region.  The Terminal 4 expansion project
will create an additional 10,000 jobs in the New York Metropolitan
Region by 2014, including airport and construction jobs.  Over
the next 60 months, the $1.2 billion project will generate
$500 million of personal income in the region and $1.6 billion of
economic output from the purchases of goods and services.

When completed, the total economic impact of Delta's New York
operation will contribute more than $19 billion annually to the
state of New York.

"Over the past decade, we've invested billions to improve the
customer experience for the 46 million passengers that fly through
JFK each year," said Port Authority Chairman Anthony R. Coscia.
"This partnership with Delta Air Lines is our latest effort to
ensure that JFK is an airport for the 21st century."

"This is a game-changing deal for our customers and the entire
regional aviation system," said Port Authority Executive Director
Chris Ward.  "It increases JFK's capacity, vastly improves the
customer experience and strengthens the economic competitiveness
of the most important gateway in the country.  I want to thank
Delta Air Lines, Schiphol and the Port Authority's dedicated staff
for completing a deal that has been years in the making."

                  Expansion Project Highlights

Construction is scheduled to begin in September 2010, with
anticipated completion of phase one and relocation of Delta's
Terminal 3 operations to Terminal 4 in May 2013.  Delta's JFK
terminal project includes the expansion of Concourse B at Terminal
4, with nine new international gates; the construction of a
passenger connector between Terminal 2 and Terminal 4; expanded
areas for baggage claim and Customs and Border Protection; and the
demolition of Terminal 3 in May 2015.  The Terminal 3 site will
then be used for aircraft parking.

Photos of the planned renovations are available online
at http://news.delta.com/index.php?s=13&cat=14&mode=gallery

                 Schiphol Group and JFKIAT

"Schiphol is honored that Delta has chosen Terminal 4 to serve as
the main hub of its New York operations," said Jos Nijhuis,
president and CEO of Schiphol Group.  "Delta Air Lines is a key
member of the SkyTeam alliance, and, together with its partner Air
France-KLM, this will further strengthen their North Atlantic
network, facilitated by the airports of Amsterdam, Paris and New
York.  Our added value as a leading airport operator is our
ability to harmonize the processes needed to achieve a world-class
travel experience and serve our airlines in a cost-effective and
flexible way.  In addition, Delta's choice reflects the success of
Terminal 4 after nearly a decade in operation.  At the same time,
the terminal will continue to serve independent airlines and host
current customers."

"Our team is looking forward to making this plan happen in the
best interest of all stakeholders," said Alain Maca, president of
JFKIAT.  "It is an exciting challenge to continue to serve our
customers while expanding our facilities.  The implementation of
the ambitious development plan with Delta represents a major new
milestone in the history of our terminal."

                        About JFKIAT

JFKIAT LLC, which operates Terminal 4 at John F. Kennedy
International Airport, is wholly owned by Schiphol USA, Inc., a
subsidiary of Schiphol North America Holding Inc., an indirect
subsidiary of NV Luchthaven Schiphol, a Dutch company based in
Amsterdam.   JFKIAT is the only private, non-airline company to be
selected by the Port Authority of New York & New Jersey to operate
a terminal at JFK.  The 1.5-million-square-foot Terminal 4 opened
in May 2001 and reached an annual passenger volume of 9.5 million
air travelers in 2009.  Terminal 4 is one of the largest terminals
in the New York area, serving nearly 40 international and domestic
airlines.

                       About Delta Air Lines

Atlanta, Georgia-based Delta Air Lines (NYSE: DAL) --
http://www.delta.com/or http://www.nwa.com/-- provides scheduled
air transportation for passengers and cargo throughout the United
States, and around the world.  The Company's route network is
centered on the hub system it operate at airports in Atlanta,
Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York-JFK,
Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-
Narita. The hub operations include flights, which gather and
distribute traffic from markets in the geographic region
surrounding the hub to domestic and international cities and to
other hubs. The network is supported by a fleet of aircraft, which
is varied in terms of size and capabilities.  On December 31,
2009, the Company's wholly owned subsidiary Northwest Airlines,
Inc., merged with and into Delta.  The wholly owned subsidiary of
the Company is Northwest Airlines Corporation.

Northwest and 12 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17930).
On May 21, 2007, the Court confirmed the Northwest Debtors'
amended plan.  That amended plan took effect May 31, 2007.

Delta and 18 affiliates filed for Chapter 11 protection on
September 14, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-17923).
Marshall S. Huebner, Esq., at Davis Polk & Wardwell, represented
the Delta Debtors in their restructuring efforts. On April 25,
2007, the Court confirmed the Delta Debtors' plan.  That plan
became effective on April 30, 2007.

(Bankruptcy Creditors Service Inc. publishes Delta Air Lines
Bankruptcy News, http://bankrupt.com/newsstand/or 215/945-7000).

                        *     *     *

Delta Air Lines and Northwest Airlines carry a 'B/Negative/--'
corporate ratings from Standard & Poor's.  They also continue to
carry 'B2' corporate family ratings from Moody's and "B-" LT
Issuer Default rating from Fitch.

Delta Air carries a 'B-' issuer default rating from Fitch Ratings.


DEFI GLOBAL: Incurs $732,500 Net Loss in June 30 Quarter
--------------------------------------------------------
DeFi Global, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $732,461 on $71,296 of revenue for the
three months ended June 30, 2010, compared with a net loss of
$999,713 on $9,839 of revenue for the same period of 2009.

As of June 30, 2010, the Company had an accumulated deficit of
$10.9 million, significant negative working capital, and is in
default on various notes payable.

The Company's balance sheet as of June 30, 2010, showed
$2.6 million in total assets, $6.9 million in total liabilities,
and a shareholders' deficit of $4.3 million.

As reported in the Troubled Company Reporter on May 25, 2010,
Chisholm, Bierwolf, Nilson & Morrill, in Bountiful, Utah,
expressed substantial doubt about the Company's ability to
continue as a going concern, following the Company's 2009 results.
The independent auditors noted that the Company has suffered
recurring losses from operations, has a working capital deficit
and is dependent of financing to continue operations.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a44

                        About DeFi Global

Scottsdale, Ariz.-based DeFi Global, Inc. (OTC BB: LCHL) through
its subsidiary DeFi Mobile, Ltd., has architected, built and
deployed, a Large IP Network infrastructure that can host, support
and deliver Applications and Services including voice, video,
gaming, multi-media, and digital content over the internet to hot
spots, desktop computers and all manner of handheld devices.
Called the "DeFi Global Network", this Network can provide global
mobile broadband service at speed comparable to fixed wire
broadband for multiple mobile Internet access devices, or IADs.


DEX MEDIA EAST: Bank Debt Trades at 22% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Dex Media East,
LLC, is a borrower traded in the secondary market at 78.09 cents-
on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 1.89
percentage points from the previous week, The Journal relates.
The Company pays 250 basis points above LIBOR to borrow under the
facility.  The bank loan matures on October 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 216 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

                       About Dex Media East

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 12% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Dex Media West,
LLC, is a borrower traded in the secondary market at 87.77 cents-
on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 1.40
percentage points from the previous week, The Journal relates.
The Company pays 450 basis points above LIBOR to borrow under the
facility, which matures on October 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 216 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.


                       About Dex Media West

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)


DOLLAR THRIFTY: Investors Ask for Injunction on Hertz Voting
------------------------------------------------------------
Ellen Rosen at Bloomberg News reported Aug. 26 that Dollar Thrifty
Automotive Group Inc. investors asked a judge to stop a
shareholder vote on Hertz Global Holdings Inc.'s $1.1 billion
acquisition of Dollar Thrifty.

According to the report, lawyers for disgruntled Dollar Thrifty
shareholders told Delaware Chancery Court Judge Leo Strine at a
August 25 hearing in Wilmington that Dollar Thrifty's board isn't
giving enough credence to a $1.3 billion competing offer from Avis
Budget Group Inc. and acceded to Hertz's demands that it not seek
other bids.

Bloomberg relates that Judge Strine said he'd rule later on
whether a Sept. 16 shareholder vote over the buyout can proceed.

Hertz's offer amounts to a "terrible price" for Dollar Thrifty's
shares, Stephen Grygiel, Esq., a lawyer from Wilmington's Grant &
Eisenhofer who represents the shareholders, said at the hearing,
according to Bloomberg.

                       About Avis Budget Group

Avis Budget Group -- http://www.avisbudgetgroup.com/-- provides
vehicle rental services, with operations in more than 70
countries.  Through its Avis and Budget brands, the Company is a
leading vehicle rental company in each of North America,
Australia, New Zealand and certain other regions based on
published airport statistics.  Avis Budget Group is headquartered
in Parsippany, N.J. and has more than 22,000 employees.

At March 31, 2010, the Company had total assets of $10.257
billion; total current liabilities of $1.328 billion, total
liabilities exclusive of liabilities under vehicle programs of
$4.044 billion, and liabilities under vehicle programs of
$5.987 billion; and stockholders' equity of $226 million.

                           *     *     *

Avis Budget Car Rental LLC continues to carry Moody's Investors
Service's B2 corporate family rating.  Avis Budget Group Inc.
carries Standard & Poor's Ratings Services' B+ corporate credit
rating.

                         About Hertz Corp.

Hertz Corporation, headquartered in Park Ridge, New Jersey, is an
automobile and equipment rental company.

Hertz carries Moody's B1 Corporate Family Rating and Probability
of Default Rating.

                       About Dollar Thrifty

Dollar Thrifty Automotive Group, Inc., is headquartered in Tulsa,
Oklahoma.  Driven by the mission "Value Every Time," the Company's
brands, Dollar Rent A Car and Thrifty Car Rental, serve value-
conscious travelers in over 70 countries.  Dollar and Thrifty have
over 600 corporate and franchised locations in the United States
and Canada, operating in virtually all of the top U.S. and
Canadian airport markets.  The Company's approximately 6,400
employees are located mainly in North America, but global service
capabilities exist through an expanding international franchise
network.

At March 31, 2010, the Company had total assets of $2,470,879,000,
total liabilities of $2,047,769,000, and stockholders' equity of
$423,110,000.

                           *     *     *

As reported by the Troubled Company Reporter on May 5, 2010,
Dominion Bond Rating Service placed the ratings of Dollar Thrifty
Automotive Group, Inc., including its Issuer Rating of B (high),
Under Review with Positive Implications.  This ratings action
follows the announcement that the Company has reached a definitive
agreement to be acquired by the higher-rated Hertz Corporation.
DBRS rates Hertz BB, at the issuer level.

In November 2009, Standard & Poor's Ratings Services raised its
corporate credit rating of Dollar Thrifty to 'B-' from 'CCC', in
light of the Company's improved operating and financial
performance that began in mid-2009.  Moody's Investors Service
also upgraded Dollar Thrifty's Probability of Default Rating to
'B3' from 'Caa2' and Corporate Family Rating to 'B3' from 'Caa3'.

DBRS has commented that the ratings of Dollar Thrifty Automotive
Group, Inc., including its Issuer Rating of B (high) are
unaffected following the Company's announcement of 2Q10 earnings
results.  All ratings remain Under Review Positive, where they
were placed on April 28, 2010.


E-DEBIT GLOBAL: Posts $145,805 Net Loss for Quarter Ended June 30
-----------------------------------------------------------------
E-Debit Global Corporation, formerly known as Westsphere Asset
Corporation, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss from operations of $145,805 for three months
ended June 30, 2010, compared with a net loss from operations of
$616,991 for the same period in 2009.

For six months ended June 30, 2010, the Company reported a net
loss from operations of $332,196 compared with a net loss of
$770,181 for the same period ended June 2009.

The Company's balance sheet at June 30, showed total assets of
$1,810,771, total liabilities of $1,953,181, and a stockholders'
deficit of $142,410.

Cordovano and Honeck LLP expressed substantial doubt about E-
Debit's ability to continue as a going concern in its opinion
letter dated April 15, 2010, concerning the company's 2009
financial statements.  The auditors noted that the Company has
suffered recurring losses, has a working capital deficit at
December 31, 2009, and has an accumulated deficit of $760,509 as
of December 31, 2009.

E-Debit acknowledged in the Form 10-Q that it did not generate
sufficient revenues to meet overhead needs.  This is due to E-
Debit switch operations which was launched in January 2009 and
commence rollover of ATMs to process all transactions.  The switch
operations did not generate sufficient revenue to cover its
expenses.

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

              http://ResearchArchives.com/t/s?6a0a

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


EL DORADO RIDGE: Case Summary & 5 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: El Dorado Ridge IV, LLC
        3604 Fair Oaks Blvd. #180
        Sacramento, CA 95864

Bankruptcy Case No.: 10-42384

Chapter 11 Petition Date: August 23, 2010

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Christopher M. Klein

Debtor's Counsel: Megan A. Lewis, Esq.
                  WILKE, FLEURY, HOFFELT, GOULD & BIRNEY
                  400 Capitol Mall, 22nd Floor
                  Sacramento, CA 95814
                  Tel: (916) 441-2430
                  Fax: (916) 442-6664

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/caeb10-42384.pdf

The petition was signed by Benjamin s. Catlin IV, manager.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Benjamin S. Catlin, IV                 09-43616   10/30/09


EMERALD HOSPITALITY: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Emerald Hospitality, LLC
        3400 Parkwood Blvd.
        Frisco, TX 75034

Bankruptcy Case No.: 10-20851

Chapter 11 Petition Date: August 23, 2010

Court: United States Bankruptcy Court
       Western District of Louisiana (Lake Charles)

Judge: Robert Summerhays

Debtor's Counsel: William C. Vidrine, Esq.
                  VIDRINE & VIDRINE
                  711 W. Pinhook Road
                  Lafayette, LA 70503
                  Tel: (337) 233-5195
                  Fax: (337) 233-3897
                  E-mail: williamv@vidrinelaw.com

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

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

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

The petition was signed by Scott Nadell, manager.


ENERTECK CORP: Posts $512,000 Net Loss in Quarter Ended June 30
---------------------------------------------------------------
EnerTeck Corporation filed a quarterly report on Form 10-Q,
reporting a net loss of $511,519 for three months ended June 30,
2010, compared with a net loss of $579,003 for the same period in
2009.

In the six months ended June 30, the Company posted a net loss of
$945,057 compared with a net loss of $876,212 in the same period
in 2009.

The Company's balance sheet at June 30, showed total assets of
$1,903,292, total current liabilities of $1,676,641, total long
term liabilities of $86,589, and stockholders' equity of $140,062.

In the Form 10-Q, the Company said its incurred net losses and an
accumulated deficit raise substantial doubt about the Company's
ability to continue as a going concern.  The Company's
continuation as a going concern is contingent upon its ability to
obtain additional financing and to generate revenues and cash flow
to meet its obligations on a timely basis.

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

               http://ResearchArchives.com/t/s?6a09

Stafford, Texas-based EnerTeck Corporation specializes in the
sales and marketing, and since August 2006, in the manufacturing
of a fuel borne catalytic engine treatment for diesel engines
known as EnerBurn(R).


EPIC ENERGY: Posts $8.6MM Net Loss in Quarter Ended June 30
-----------------------------------------------------------
Epic Energy Resources, Inc., filed its quarterly report on Form
10-Q reporting a net loss of $8,615,000 for three months ended
June 30, 2010, compared with a net loss of $3,929,000 for the same
period ended June 2009.

In the six months ended June 30, the Company posted a net loss of
$14,251,000 compared with a net loss of $4,949,000 in the same
period in the previous year.

The Company's balance sheet at June 30 showed total assets of
$18,568,000, total liabilities of $20,010,000, and a stockholders'
deficit of $1,442,000.

M&K CPAS, PLLC, in Houston, expressed substantial doubt about the
Company's ability to continue as a going concern in its report on
the Company's 2009 financial statements.  The independent auditors
noted that the Company sustained a significant net loss in 2009,
experienced a substantial revenue decrease and maintains a working
capital deficit.

According to the Form 10-Q, the Company reduced cash required for
operations by reducing operating costs and reducing staff levels.
In addition, the Company said it is working to manage its current
liabilities while it continues to make changes in operations to
improve its cash flow and liquidity position.

A full-text copy of the Quarterly Report on Form 10-Q is available
for free at:

               http://ResearchArchives.com/t/s?6a08

The Woodlands, Texas-based Epic Energy Resources, Inc. (OTC BB:
EPCC) -- http://www.1Epic.com/-- is an integrated energy services
company.  Epic provides business and operations consulting;
engineering, procurement, and construction management; production
operations & maintenance; specialized training, operating manuals,
data management and data integration focused primarily on the
upstream, midstream and downstream energy infrastructure.
Failed Banks May 21, 2010.


ERF WIRELESS: June 30 Balance Sheet Upside-Down by $3.4-Mil.
------------------------------------------------------------
ERF Wireless, Inc., reported that as of June 30, 2010, it had
$7,945,000 in total assets, $11,389,000 in total liabilities, and
$3,444,000 in shareholders' deficit.

ERF Wireless posted a net loss of $1,859,000 for the three months
ended June 30, 2010, from a net loss of $2,099,000 for the three
months ended June 30, 2009.  The Company posted a net loss of
$3,934,000 for the six months ended June 30, 2010, from a net loss
of $4,458,000 for the same period in 2009.

Total sales were $1,576,000 for the three months ended June 30,
2010, from $1,278,000 for the three months ended June 30, 2009.
Total sales were $3,055,000 for the six months ended June 30,
2010, from $2,601,000 for the same period in 2009.

A full-text copy of the Company's Form 10-Q report is available at
no charge at http://ResearchArchives.com/t/s?6a27

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.


FAIRCHILD SEMICONDUCTOR: Moody's Hikes Corporate Rating to 'Ba2'
----------------------------------------------------------------
Moody's Investors Service raised Fairchild Semiconductor
Corporation's (a wholly owned subsidiary of Fairchild
Semiconductor International, Inc.) corporate family rating to Ba2
from Ba3, the probability-of-default rating to Ba3 from B1, and
the rating on the senior secured credit facilities to Ba1 from
Ba2.  The ratings outlook remains stable.  The speculative grade
liquidity rating was affirmed at SGL-1.

These ratings were upgraded:

  -- Corporate family rating to Ba2 from Ba3;

  -- Probability-of-default rating to Ba3 from B1;

  -- $100 million sr. secured revolving credit facility due 2012
     to Ba1 (LGD2, 19%) from Ba2 (LGD2, 25%);

  -- $322 million sr. secured term loan due 2013 to Ba1 (LGD2,
     19%) from Ba2 (LGD2, 25%).

                        Ratings Rationale

The change in the ratings reflects Fairchild's strong operating
trends in recent quarters and material debt reduction, all of
which Moody's expects to translate into sustainably improved
credit metrics.  Additionally, the rating change acknowledges the
cyclical upturn in the global semiconductor industry.

Fairchild's Ba2 corporate family rating reflects its modest
leverage with debt to EBITDA below 2.0 times, strong interest
coverage, favorable business profile as a large-scale global
supplier of power semiconductors, core technological competency in
power products, and Moody's view that it managed the business well
during the downturn.  Fairchild's rating is also supported by its
product portfolio that features well-diversified end-markets and
long life cycles.  However, the rating is constrained by the
company's small scale relative to other higher-rated semiconductor
companies.

The stable outlook is supported by Moody's expectation that
Fairchild will sustain recent improvements in operating
performance and that it will maintain its very good liquidity
profile, supported by high levels of unrestricted cash and
significantly positive free cash flow.  The current rating
tolerates small acquisitions within its core competency, but does
not consider large-scale acquisitions.

Further upwards rating movement can result from sustainable
organic growth and increased profitability while avoiding
increases in debt levels.

The ratings or outlook could be pressured if a change in
Fairchild's financial policy, such as a large-scale acquisition or
share repurchase, results in debt to EBITDA exceeding 2.5 times.

The affirmation of the SGL-1 speculative grade liquidity rating
continues to reflect Moody's expectation that Fairchild's
liquidity profile will remain very good in the near-term,
supported by a large unrestricted cash balance, expectations for
positive quarterly cash flow, and modest near-term debt
maturities.

Additional information can be found in the Fairchild Credit
Opinion published on Moodys.com.

Fairchild Semiconductor Corporation, based in South Portland,
Maine, is a global supplier of power semiconductors.  The company
reported sales of approximately $1.5 billion through the twelve
months ended June 27, 2010.


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 64.79 cents-on-the-dollar during the week ended Friday, August
27, 2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
0.33 percentage points from the previous week, The Journal
relates.  The Company pays 275 basis points above LIBOR to borrow
under the facility, which matures on March 31, 2015.  Moody's has
withdrawn its rating, while Standard & Poor's has assigned a
default rating on the bank debt.  The loan is one of the biggest
gainers and losers among 216 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 October 26,
2009 (Bankr. D. Del. Case No. 09-16335).  Rothschild Inc. is
acting as financial advisor for the Company; AlixPartners, LLP as
the restructuring advisor; and Paul, Hastings, Janofsky & Walker
LLP is the Company's counsel.  BMC Group is claims and notice
agent.

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

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


FIRST BANCORP: Completes Exchange Offer of 256,401,610 Shares
-------------------------------------------------------------
First BanCorp disclosed final results of its offer to exchange up
to 256,401,610 newly issued shares of its common stock, par value
US$0.10 per share, for any and all of the issued and outstanding
shares of Non-Cumulative Perpetual Monthly Income Preferred Stock,
Series A through E.

The Exchange Offer expired at 9:30 a.m., New York City time, on
August 25, 2010.

In accordance with the terms of the Exchange Offer, the number of
shares of Common Stock into which each share of tendered Preferred
Stock will be exchanged will be the number determined by dividing
the Exchange Value per share of Preferred Stock, or US$13.75, by
the Relevant Price of US$1.18, or 11.6525 shares.

No fractional shares will be issued. The Exchange Offer resulted
in US$487.1 million, or 88.54%, of the aggregate liquidation
preference of the Preferred Stock being validly tendered.  These
tenders will result in the issuance of approximately 227 million
new shares of the Corporation's Common Stock.

Mr. Aurelio Aleman, President and Chief Executive Officer of the
Corporation, commented, "We are extremely pleased with the results
achieved through the Exchange Offer.  The successful exchange
will result in improving our tangible common equity ratio as of
June 30, 2010, on a pro forma basis, to approximately 5.22%. This
is a significant step towards the execution of our capital plan,
and we thank our shareholders for their support in this exchange
offer.  For the immediate future, a capital raise continues to be
our focus."

                       About First BanCorp

First BanCorp is the parent corporation of FirstBank Puerto Rico,
a state-chartered commercial bank with operations in Puerto Rico,
the Virgin Islands and Florida, and of FirstBank Insurance Agency.
First BanCorp and FirstBank Puerto Rico operate under U.S. banking
laws and regulations.  The Corporation operates a total of 175
branches, stand-alone offices and in-branch service centers
throughout Puerto Rico, the U.S. and British Virgin Islands, and
Florida.  Among the subsidiaries of FirstBank Puerto Rico are
First Federal Finance Corp., a small loan company; First Leasing
and Rental Corp., a leasing company; FirstBank Puerto Rico
Securities, a broker-dealer subsidiary; First Management of Puerto
Rico; and FirstMortgage, Inc., a mortgage origination company. In
the U.S. Virgin Islands, FirstBank operates First Insurance VI, an
insurance agency, and First Express, a small loan company.  First
BanCorp's common and publicly-held preferred shares trade on the
New York Stock Exchange under the symbols FBP, FBPPrA, FBPPrB,
FBPPrC, FBPPrD and FBPPrE.

                           *     *     *

As of June 18, 2010, the bank continues to carry Standard & Poor's
"CCC+" long-term issuer credit ratings.

As reported by the Troubled Company Reporter on June 21, 2010,
FirstBank Puerto Rico agreed to a Consent Order with the Federal
Deposit Insurance Corporation and the Office of the Commissioner
of Financial Institutions of Puerto Rico and that First BanCorp
agreed to enter into a written agreement with the Federal Reserve
Bank of New York.  FirstBank and the Corporation have agreed to
take certain actions intended to address various matters,
including among others, the development and adoption of a plan to
attain certain capital levels, and the reduction of non-performing
and classified assets that have impacted FirstBank's financial
condition and performance.


FORBES MEDI-TECH: Completes Assets Sale to Pharmachem Laboratories
------------------------------------------------------------------
Forbes Medi-Tech Inc. disclosed that on August 26, 2010 the
Company completed the previously announced sale of substantially
all of its assets to Pharmachem Laboratories, Inc. for cash
consideration of US$4.0 million.  The Asset Sale was approved by
shareholders at its reconvened special meeting of shareholders on
August 24, 2010.  In connection with the completion of the Asset
Sale, the Company has changed its name to FMI Holdings Ltd.

At the Meeting, shareholders of the Company also approved the
liquidation of the Company and the appointment of Abakhan &
Associates Inc. as liquidator.  The Company currently anticipates
that the Abakhan will be formally appointed as liquidator on or
about September 1, 2010.

                        Other Information

In connection with the wind-up of the Company, one distribution
will be made to shareholders which will include the cash proceeds
realized under the Asset Sale less any payments made in respect of
the Company's remaining ongoing costs and liabilities.  The
Company expects the net proceeds of the Liquidation to be in the
range of Cdn $0.50 to Cdn $0.58 per share.

The distribution is expected to occur within six months following
completion of a claims procedure that will be established under
the supervision of the appointed liquidator, Abakhan & Associates
Inc.  It is expected that, following the distribution, the
Company's common shares will be cancelled and de-listed from the
OTCBB.  It is anticipated that the wind-up of the Company will be
completed in the first quarter of 2011, although the ultimate
timing of a distribution and the wind-up of the Company may vary
from what is expected.  In addition, to the extent that, among
other things: (i) transaction and wind-up costs; (ii) the
Company's net cash position at closing; (iii) the absence of
unidentified claims; or (iv) foreign exchange rates are, in each
case, different than assumptions made by management, shareholders
may receive aggregate distributions amounting to less than the
range noted. Accordingly, the Company can give no assurances as to
the total amount and timing of distributions to the Company's
shareholders.

                       About Forbes Medi-Tech

Based in Vancouver, British Columbia, Canada, Forbes Medi-Tech
Inc. -- http://www.forbesmedi.com/-- is a life sciences company
focused on evidence-based nutritional solutions.  Forbes is a
provider of value-added products and cholesterol-lowering
ingredients for use in functional foods and dietary supplements.
Forbes successfully developed and commercialized its Reducol(TM)
plant sterol blend, which has undergone clinical trials in various
matrices and has been shown to lower "LDL" cholesterol levels
safely and naturally.

                           *     *     *

As reported in the Troubled Company Reporter on April 14, 2010,
KPMG LLP, in Vancouver, B.C., expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has suffered recurring
losses from operations and has an accumulated deficit as of
December 31, 2009.


FORD MOTOR: Bank Debt Trades at 4% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which Ford Motor Co. is
a borrower traded in the secondary market at 96.19 cents-on-the-
dollar during the week ended Friday, August 27, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 0.31 percentage points
from the previous week, The Journal relates.  The Company pays 300
basis points above LIBOR to borrow under the facility.  The bank
loan matures on Dec. 15, 2013, and carries Moody's Ba3 rating and
Standard & Poor's BB rating.  The loan is one of the biggest
gainers and losers among 216 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                          About Ford Motor

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

Ford Motor's balance sheet at June 30, 2010, showed $179.75
billion in total assets, $183.29 billion in total liabilities, and
a $3.54 billion stockholders' deficit.

                            *     *     *

In August 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on Ford Motor Co. and FordMotor Credit Co.
LLC to 'B+' from 'B-'.   "The upgrade reflects S&P's reassessment
of Ford's business risk profile to weak from vulnerable, and its
financial risk profile to aggressive from highly leveraged," said
Standard & Poor's credit analyst Robert Schulz.  S&P believes Ford
is making progress in stabilizing, and perhaps improving, its U.S.
market shares  Still, S&P believes underlying business risks
remain high.

Ford Motor and its unit, Ford Motor Credit, carry 'BB-' issuer
default ratings from Fitch Ratings.  In August 2010, when Fitch
raised the rating from 'B', it said, Ford's ratings reflect its
continued strong financial performance and the substantial debt
reduction accomplished in the second quarter."

Ford Motor has a 'B1' corporate family rating from Moody's.


FREESCALE SEMICON: Bank Debt Trades at 10% Off in Secondary Market
------------------------------------------------------------------
Participations in a syndicated loan under which Freescale
Semiconductor, Inc., is a borrower traded in the secondary market
at 89.68 cents-on-the-dollar during the week ended August 27,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
1.43 percentage points from the previous week, The Journal
relates.  The Company pays 425 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Feb. 16, 2016, and
carries Moody's B2 rating and Standard & Poor's B- rating.  The
loan is one of the biggest gainers and losers among 216 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Freescale Semiconductor, Inc. -- http://www.freescale.com/-- once
Motorola's Semiconductor Products Sector, is one of the oldest and
most diverse makers of microchips in the world.  It produces many
different kinds of chips for use in automobiles, computers,
industrial equipment, wireless communications and networking
equipment, and other applications.  The company's global client
roster includes such blue-chip companies as Alcatel-Lucent, Bosch,
Cisco Systems, Fujitsu, Hewlett-Packard, QUALCOMM, and Siemens, as
well as former parent Motorola.  Freescale nets about half of its
sales from the Asia/Pacific region.  The Blackstone Group, The
Carlyle Group, Permira Advisers, and TPG Capital own the company.

                           *     *     *

As reported by the Troubled Company Reporter on April 30, 2010,
Fitch Ratings affirmed these ratings for Freescale Semiconductor
Inc. -- Issuer Default Rating 'CCC'; Senior secured bank revolving
credit facility 'CCC/RR4'; Senior secured notes 'CCC/RR4'; Senior
secured term loans 'CCC/RR4'; Senior unsecured notes 'C/RR6'; and
senior subordinated notes 'C/RR6'.


FX LUXURY: Hearing on Further Cash Use on October 18
----------------------------------------------------
The Hon. Bruce A. Markell of the U.S. Bankruptcy Court for the
District of Nevada has continued until October 18, 2010, at 9:30
a.m. (prevailing Pacific Standard Time), the hearing to consider
FX Luxury Las Vegas I, LLC's further access to the cash collateral
securing their obligation to their prepetition lenders.
Objections, if any, are due on October 4.

The Bankruptcy Court previously entered an interim order allowing
the Debtor to use the cash collateral until October 21 to fund its
Chapter 11 case, pay suppliers and other parties.

As reported in the Troubled Company Reporter on May 5, Landesbank
Baden-Wurttemberg, New York Branch, as administrative agent and
the collateral agent for the first lien lenders, asserts an
interest on the Debtor's assets, including its cash.  Second lien
lenders also have liens on the Debtor's assets.

In exchange for using the cash collateral, the Debtor will grant
the prepetition lenders adequate protection liens to protect the
lenders from the diminution in value of the collateral.  The
Debtor consented to provide certain adequate protection for the
first lien lenders in consideration for its consent to Debtor's
use of cash collateral.  The Debtor will also grant the first and
second lien lenders replacement liens.  The lenders' adequate
protection obligations will constitute allowed administrative
expense claims.

The Debtor will grant junior adequate protection to second lien
lenders that is comparable to the adequate protection granted to
the first lien lenders even though the Debtor believes based on
independent third-party appraisals that the second lien lenders
are undersecured.  Pursuant to an amended and restated
Intercreditor Agreement dated as of July 6, 2007, the second lien
lenders are deemed to consent to debtor's use of cash collateral
so long as they receive comparable junior liens as the first lien
lenders.

                          About FX Luxury

New York-based FX Luxury Las Vegas I, LLC, fka Metroflag BP, LLC,
owns approximately 17.72 contiguous acres of real property located
at the southeast corner of Las Vegas Boulevard and Harmon Avenue
in Las Vegas, Nevada, which secures its mortgage loans in the
aggregate principal amount of $454 million as of April 21, 2010.
FX Luxury is the remaining Las Vegas subsidiary of FX Real Estate
and Entertainment Inc.

The Company filed for Chapter 11 bankruptcy protection on
April 21, 2010 (Bankr. D. Nev. Case No. 10-17015).  Deanna L.
Forbush, Esq., at Fox Rothschild, LLP, assists the Company in its
restructuring effort as the Company's bankruptcy counsel.
Greenberg Traurig, LLP, is the Company's special counsel.  Sierra
Consulting Group, LLC, is the Company's financial advisor.  Kent
Appraisal Services is the Company's real estate appraiser.

The Company disclosed $139,636,791 in assets and $492,568,036 in
debts in its Chapter 11 petition.


GOLDEN EAGLE: Posts $345,600 Net Loss in June 30 Quarter
--------------------------------------------------------
Golden Eagle International Inc. filed its quarterly report on Form
10-Q, reporting a net loss of $345,607 on zero revenues for the
three months ended June 30, 2010, compared with a net loss of
$495,411 on $3.36 million of revenues for the same period a year
earlier.

The Company's balance sheet at June 30, 2010, showed $5.16 million
in total assets, $3.19 million in total liabilities, and
$1.97 million in stockholders' equity.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?69c9

                           Going Concern

Chisholm, Bierwolf, Nilson & Morrill, in Bountiful, Utah,
expressed substantial doubt about the Company's ability to
continue as a going concern following the Company's 2009 results.
The independent auditors noted that the Company has a significant
working capital deficit, has incurred significant losses since
inception, and is dependent of financing to continue operations.

                         About Golden Eagle

Based in Salt Lake City, Golden Eagle International, Inc. Golden
Eagle International, Inc. (OTC BB: MYNG) was previously focused on
minerals exploration and mining and milling operations in Bolivia
through its Bolivian-based wholly-owned subsidiary, Golden Eagle
International, Inc. (Bolivia).  However, in late 2008 the Company
suspended these operations, and in March 2010 transferred control
of its Bolivian assets and operations to an unaffiliated third
party.  The Company expects to transfer ownership of those assets
and operations during the second quarter of 2010, although there
can be no assurance that it will be able to complete the
transactions with the purchaser.


GOODCRANE CORP: Trustee Prepares to Sell Assets on Sept. 8
----------------------------------------------------------
Janet Northrup, the Trustee appointed in Goodcrane Corporation's
bankruptcy proceeding, published notice in The Houston Chronicle
that she filed a Motion for Approval of Sale of Assets Free and
Clear of Liens, Claims, Interests and Encumbrances Under 11 U.S.C.
Sec. 363(f) that requests Bankruptcy Court approval of the sale of
substantially all of Goodcrane Corporation's assets.  A hearing on
the motion will be held at 9:30 a.m. on Sept. 8, 2010, in Houston,
Tex.

Houston, Texas-based Goodcrane Corporation designs and
manufactures custom designed cranes and deck equipment for marine
offshore applications, including offshore drilling platforms,
mobile drilling rigs, floating dry docks, dockside operations and
shipboard services.  The Company sought Chapter 11 protection
(Bankr. S.D. Tex. Case No. 09-34031) on June 5, 2009, represented
by Vy Thuan Nguyen, Esq.  The Debtor estimated its assets at
$10 million to $50 million and its debts at $1 million to
$10 million at the time of the filing.


GREENBRIER LEASING: Amends WLR-Greenbrier Syndication Agreement
---------------------------------------------------------------
Greenbrier Leasing Company LLC, a subsidiary of The Greenbrier
Companies Inc., and WLR-Greenbrier Rail Inc., entered on Aug. 18,
2010, into an amendment of the Syndication Agreement dated
April 29, 2010.

Under the Syndication Agreement, the Company was appointed as the
exclusive agent for the purpose of seeking investors to purchase
an interest in a portion of WLR Inc.'s interest in, or newly
issued equity interests of, WLR Inc.'s subsidiary, WL Ross-
Greenbrier Rail Holdings I LLC, the parent corporation of WL Ross-
Greenbrier Rail I LLC.  Pursuant to the Amendment, the Company
paid Holdings a $130,000 fee to delete certain obligations of GLC
that would require registration as a broker dealer under the
federal and state securities laws and agreed to pay Holdings
reasonable out-of-pocket fees and expenses incurred in connection
with the Amendment.  The Company will continue to provide certain
specialized services to WLR Inc. under the Syndication Agreement,
for which WLR Inc. will be compensating the Company upon the terms
set forth in the Syndication Agreement.

In connection with certain services originally contemplated by
the Syndication Agreement, Holdings is entering into an engagement
letter dated Aug. 18, 2010, with GSF Capital Markets, LLC, and
the Beneficiary is simultaneously entering into a Registered
Representative Agreement with an employee of GLC in connection
therewith.  Under the Engagement Letter, the Beneficiary will act
as placement agent with respect to the sale of membership
interests in Holdings.  Pursuant to the Amendment, the Company has
agreed to indemnify Holdings to the extent Holdings is required to
indemnify the Beneficiary under the Engagement Letter.  The
Beneficiary has made it a condition of the Agreements that the
Company also provide a guarantee of the obligations of Holdings
pursuant to the Engagement Letter, and on Aug. 18, 2010, the
Company entered into a Guaranty for the benefit of the
Beneficiary.

Under the Guaranty, the Company guarantees to the Beneficiary the
due and punctual performance of all of the obligations of Holdings
arising under or pursuant to the Agreements, including payment and
indemnity.  The Company is contingently liable under the Guaranty
and could become directly liable for payment and performance under
the Engagement Letter if Holdings defaults on its obligations
thereunder.  The exact dollar value of the above transactions
cannot readily be determined as it is based on a number of
variables that have not yet occurred or cannot yet be measured and
depends, in part, upon the amount of funds raised by Holdings from
a new investor or investors, as contemplated by the Agreements.

The maximum potential amount of future payments that the Company
could be required to make under the Guaranty is unable to be
determined at this time.  The Company's liability, if any, under
the Guaranty could exceed the ultimate purchase price of the sale
of membership interests in Holdings eventually sold.  The Company
believes the likelihood of the Company being required to make
payments pursuant to the Guaranty is remote.  For accounting
purposes, the Company will be required to establish a fair value
on the Guaranty and the Company currently believes the fair value
of the Guaranty is immaterial.  The Guaranty is accounted for as
an "off balance sheet arrangement."

A full-text copy of the Amendment to the Syndication Agreement is
available for free at http://ResearchArchives.com/t/s?69c6

A full-text copy of the Guaranty dated Aug. 18, 2010, is available
for free at http://ResearchArchives.com/t/s?69c7

                       About Greenbrier Companies

The Greenbrier Companies, Inc., manufactures railroad freight
cars, is a the leading producer of intermodal flat cars, and also
repairs railroad freight cars and provide wheels and various car
parts.  Greenbrier owns a portfolio of 8,000 railcars, which it
leases to third parties, and provides a range of management
services for approximately 225,000 other railcars.

                           *     *     *

According to the Troubled Company Reporter on Aug. 19, 2010,
Moody's Investors Service has raised the Speculative Grade
Liquidity Rating for The Greenbrier Companies, Inc., to SGL-3 from
SGL-4.  At the same time, Moody's has affirmed the company's
existing ratings, including the corporate family rating of Caa1.
Greenbrier's rating outlook is negative in consideration of the
continued sluggish demand for new railcars and the company's need
to address certain refinancing needs.


GUITAR CENTER: Bank Debt Trades at 13% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Guitar Center,
Inc., is a borrower traded in the secondary market at 87.36 cents-
on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 0.48
percentage points from the previous week, The Journal relates.
The Company pays 350 basis points above LIBOR to borrow under the
facility.  The bank loan matures on October 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 216 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Guitar Center, Inc., headquartered in Westlake Village,
California, is the largest musical instrument retailer with 312
stores and a direct response segment, which operates its websites.
It operates three distinct musical retail business - Guitar Center
(about 70% of revenue), Music & Arts (about 7% of revenue), and
Musician's Friend (its direct response subsidiary with 24% of
revenue).  Total revenue is about $2 billion.


HARRISBURG, PA: Dauphin County Gets $34.7 Million Bill
------------------------------------------------------
Dunstan McNichol at Bloomberg News reports that Dauphin County,
home to Pennsylvania's capital of Harrisburg, may have to pay
$34.7 million by Dec. 1 on notes issued in 2007 to cover costs
tied to a municipal incinerator, if it can't refinance the debt.

According to the report, the county received notice it has to make
the payments on the notes, which the county co-guaranteed, after
the city said it couldn't cover the cost.  There's just $1.34 in
accounts set up to service the zero-coupon debts, which mature on
Dec. 15, according to the trustee for the issues.

The city's "financial situation precludes it from making the
payments," Chuck Ardo, a spokesman for Mayor Linda Thompson, said
in an e-mail to Bloomberg.

The city of 47,000 residents has considered seeking bankruptcy
protection to cope with payments due on Harrisburg Authority debt,
Mr. Ardo said.

                       About Harrisburg, PA

Harrisburg is coping with debt related to a failed revamp of an
incinerator.  The outstanding principal on the Incinerator debt is
$288 million.  Total principal and interest on this debt would
amount to approximately $458 million.

Debt service payments on the total incinerator debt are
$20 million per year.  Of this total, Dauphin County,
Pennsylvania, is responsible for approximately $10 million and the
City of Harrisburg is responsible for the other $10 million.  The
City is guarantor on 100% of the $288 million Incinerator debt.


HARVEST OAKS: Plan Confirmation Hearing Set for September 15
------------------------------------------------------------
The Hon. Stephani W. Humrickhouse of the U.S. Bankruptcy Court for
the Eastern District of North Carolina will consider on
September 15, 2010, at 11:00 a.m., the confirmation of
Harvest Oaks Drive Associates, LLC's Plan of Reorganization.

The Court also fixed September 8, as the last day for filing
objections and written acceptances or rejections of the Plan.

According to the Disclosure Statement, the Plan contemplates a
continuation of the Debtor's business.  The Debtor intends to
satisfy creditor claims from income earned through operations of
its shopping center business, and from funds advanced by the
guarantors of the Wachovia obligation.

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

                       About Harvest Oaks

Raleigh, North Carolina-based Harvest Oaks Drive Associates, LLC,
filed for Chapter 11 bankruptcy protection on April 21, 2010
(Bankr. E.D. N.C. Case No. 10-03145).  Trawick H Stubbs, Jr.,
Esq., at Stubbs & Perdue, P.A., assists the Company in its
restructuring effort.  In its schedules, the Company disclosed
$15,832,000 in assets and $14,634,161 in debts.


HAWKS PRAIRIE: Section 341(a) Meeting Scheduled for Sept. 16
------------------------------------------------------------
The U.S. Trustee for Region 18 will convene a meeting of Hawks
Prairie Investment LLC's creditors on September 16, 2010, at 3:00
p.m.  The meeting will be held at Courtroom J, Union Station, 1717
Pacific Avenue, Tacoma, WA 98402.

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.

Olympia, Washington-based Hawks Prairie Investment LLC owns real
property in Thurston County, Washington.  It filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. W.D. Wash. Case
No. 10-46635).  Timothy W. Dore, Esq., at Ryan Swanson & Cleveland
PLLC, assists the Debtor in its restructuring effort.  The Debtor
estimated assets at $50 million to $100 million and its debts at
$10 million to $50 million as of the Petition Date.

An affiliate, Pacific Investment Group LLC, filed a separate
Chapter 11 petition on October 22, 2009 (Bankr. W.D. Wash. Case
No. 09-47915).


HAWKS PRAIRIE: Taps Ryan Swanson as Bankruptcy Counsel
------------------------------------------------------
Hawks Prairie Investment LLC asks for authorization from the U.S.
Bankruptcy Court for the Western District of Washington to employ
Ryan, Swanson & Cleveland, PLLC, as general counsel.

Ryan Swanson will represent the Debtor in its Chapter 11
bankruptcy case.

On April 29, 2010, Triway Enterprises LLC paid a $20,000 advance
fee deposit to Ryan Swanson on behalf of Hawks Prairie for
services in this bankruptcy case.  Triway Enterprises is owned by
the Debtor's sole manager, Tri M. Vo.  Vo also the indirectly owns
the Debtor through other limited liability companies.

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

Olympia, Washington-based Hawks Prairie Investment LLC owns real
property in Thurston County, Washington.  It filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. W.D. Wash. Case
No. 10-46635).  The Debtor estimated assets at $50 million to
$100 million and debts at $10 million to $50 million in its
Chapter 11 petition.

An affiliate, Pacific Investment Group LLC, filed a separate
Chapter 11 petition on October 22, 2009 (Bankr. W.D. Wash. Case
No. 09-47915).


HEALTHSOUTH CORP: Bank Debt Trades at 0.92% Off
-----------------------------------------------
Participations in a syndicated loan under which HealthSouth
Corporation is a borrower traded in the secondary market at 99.08
cents-on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 1.02
percentage points from the previous week, The Journal relates.
The Company pays 225 basis points above LIBOR to borrow under the
facility.  The bank loan matures on 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 216 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

                      About HealthSouth Corp.

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.

The Company's balance sheet at June 30, 2010, showed $1.7 billion
in total assets, $2.1 billion in total liabilities, and
shareholders' deficit of $817.3 million.

HealthSouth continues to carry a 'B2' corporate family rating with
"stable" outlook, from Moody's.  It has 'B' foreign and local
issuer credit ratings, with "positive" outlook, from Standard &
Poor's.


HSR GENERAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: HSR General Engineering Contractors Inc.
          aka HSR, Inc.
        1345 Vander Way
        San Jose, CA 95112
        Tel: (408) 562-9956

Bankruptcy Case No.: 10-58737

Chapter 11 Petition Date: August 23, 2010

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

Judge: Charles Novack

Debtor's Counsel: William J. Healy, Esq.
                  CAMPEAU, GOODSELL AND SMITH
                  440 N. 1st St. #100
                  San Jose, CA 95112
                  Tel: (408) 295-9555
                  E-mail: whealy@campeaulaw.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/canb10-58737.pdf

The petition was signed by Keith Dorsa, president.


ICOP DIGITAL: Reports $1.14MM Net Loss for Second Quarter
---------------------------------------------------------
Icop Digital, Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $1.14 million for the three months ended
June 30, 2010, compared with a net loss of $1.39 million for the
same period a year ago.

The Company's balance sheet at June 30, 2010, showed $6.76 million
in total assets; $2.18 million of total current liabilities,
$317,496 in unearned revenue - long term portion liabilities, and
$4.26 million in stockholders' equity.

According to the Form 10-Q, the Company has incurred significant
losses, negative cash flow from operations, and has no history of
operating at profitable levels.  During the six months ended June
30, 2010, the Company incurred net losses of $2,800,000 and could
continue to incur losses in the future until product sales are
sufficient to sustain profitability.  These matters, among others,
raise substantial doubt about its ability to continue as a going
concern.

Until the Company can demonstrate sustained profitability, its
ability to continue as a going concern is dependent upon obtaining
additional financing in the future.  The Company has primarily
relied on financing through the sale of common stock.  There can
be no assurance that additional financing will be available,
according to the Form 10-Q.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6a03

                    About ICOP Digital, Inc.

ICOP Digital, Inc. -- http://www.ICOP.com/-- is a leading
provider of in-car video and mobile video solutions for Law
Enforcement, Fire, EMS, Military, and Transportation markets,
worldwide.  ICOP solutions help the public and private sectors
mitigate risks, reduce losses, and improve security through the
live streaming, capture and secure management of high quality
video and audio.


INDUSTRY WEST: Plan of Reorganization Wins Court Approval
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California
confirmed Industry West Commerce Center, LLC's Plan of
Reorganization, amended as of August 16, 2010.

The Plan provides for the Reorganized Debtor to operate its
business without further supervision or control by the Bankruptcy
Court and free of any restrictions imposed by the Bankruptcy Code.
Specifically, and without limitation, the Reorganized Debtor may
sell, lease, or refinance its properties without further order of
Court.  The Reorganized Debtor will continue to be managed by
Rizzo & Associates, LLC.

Under the Plan, the Debtor proposes satisfaction of certain
allowed claims, and the distribution thereafter of all remaining
assets to the Debtor's equity security holders.

On or before the effective date, the Debtor's members will make a
$200,000 capital contribution to the Debtor.

Allowed general unsecured claims will be paid 100% of the amount
of the claims, with interest at the legal rate from the Petition
Date.

A full-text copy of the Plan, as amended, is available for free
at:

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

                        About Industry West

Santa Rosa, California-based Industry West Commerce Center, LLC, a
California limited liability company, filed for Chapter 11
bankruptcy protection on January 14, 2010 (Bankr. N.D. Calif. Case
No. 10-10088).  John H. MacConaghy, Esq., at MacConaghy and
Barnier, assists the Company in its restructuring effort.  The
Company estimated assets and debts at $10 million to $50 million
in its Chapter 11 petition.


INTELSAT JACKSON: Bank Debt Trades at 6% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which Intelsat Jackson
Holdings Ltd. is a borrower traded in the secondary market at
93.60 cents-on-the-dollar during the week ended Friday, August 27,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents an increase
of 0.98 percentage points from the previous week, The Journal
relates.  The Company pays 300 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Feb. 5, 2014, and
carries Moody's B3 rating and Standard & Poor's B+ rating.  The
loan is one of the biggest gainers and losers among 216 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Intelsat Jackson Holdings is an indirect subsidiary of Intelsat
Ltd.  Headquartered in Pembroke, Bermuda, Intelsat is the largest
fixed satellite service operator in the world and is privately
held by financial investors.

As reported by the Troubled Company Reporter on October 16, 2009,
Standard & Poor's assigned its 'B+' issue-level and '2' recovery
ratings to Intelsat Jackson Holdings Ltd.'s proposed $500 million
senior notes due 2019.  The '2'-recovery rating indicates
expectations for substantial (70%-90%) recovery in the event of a
payment default.  Intelsat Subsidiary Holding Co. Ltd also
guarantees the proposed notes.  Issue proceeds will be used to
purchase and retire about $400 million of the 11.5%/12.5% senior
paid-in-kind election notes due 2017 that reside at Intelsat
Bermuda Ltd. ($2.4 billion outstanding as of June 30, 2009) and
for general corporate purposes.  Ratings are based on preliminary
documentation and are subject to review of final documents.

In addition, S&P lowered the issue-level ratings on Intelsat Sub
Holdco's unsecured debt to 'B+' from 'BB-'.  This rating action
also applies to the debt at Intelsat Jackson Holdings that is
guaranteed by Sub Holdco.  The downgrade of about $3.7 billion in
debt is due to the increased debt that is guaranteed by Intelsat
Sub Holdco.  S&P revised the recovery rating on these notes to '2'
from '1'.  Also, S&P affirmed the 'B' corporate credit rating on
parent Intelsat Ltd.  The outlook is stable.

The TCR reported on October 16, 2009, that Moody's assigned a B3
rating to Intelsat Jackson Holdings, Ltd.'s new $500 million 10-
year note issue.  The new notes are guaranteed by Intelsat
Jackson's indirect, wholly owned subsidiary, Intelsat Subsidiary
Holding Company, Ltd. and, as they rank equally with existing B3-
rated senior notes issued by Intelsat SubHoldCo (and with senior
notes at Intelsat SubHoldCo's sister company, Intelsat
Corporation), they are rated at the same B3 level.


INTERMETRO COMMUNICATIONS: Earns $124,000 in June 30 Quarter
------------------------------------------------------------
InterMetro Communications, Inc., filed its quarterly report on
Form 10-Q, reporting net income of $124,000 on $5.8 million of
revenue for the three months ended June 30, 2010, compared with a
loss of $1.7 million on $5.5 million of revenue for the same
period of 2009.

The Company's balance sheet as of June 30, 2010, showed
$4.6 million in total assets, $23.8 million in total liabilities,
and a stockholders' deficit of $19.2 million.

Gumbiner Savett Inc., in Santa Monica, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern, following its 2009 results.  The independent
auditors noted that the Company incurred net losses of
$4.9 million and $9.4 million for 2009 and 2008, respectively; and
as of December 31, 2009, the Company had a working capital deficit
of $21.5 million and a stockholders' deficit of $20.5 million.

In its latest 10-Q, the Company says that it anticipates it may
not have sufficient cash flows to fund its operations through
fiscal 2010 without the completion of additional financing.

A full-text copy of the Form 10-Q is available for free at:

              http://researcharchives.com/t/s?6a4e

                 About InterMetro Communications

Simi Valley, Calif.-based InterMetro Communications, Inc. is a
Nevada corporation which, through its wholly owned subsidiary,
InterMetro Communications, Inc. (Delaware), is engaged in the
business of providing voice over Internet Protocol communications
services.  The Company owns and operates state-of-the-art VoIP
switching equipment and network facilities that are utilized to
provide traditional phone companies, wireless phone companies,
calling card companies and marketers of calling cards with
wholesale voice and data services, and voice-enabled application
services.


J.A.G. CARWASH: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: J.A.G. Carwash, LLC
          dba Fox All Pro Car Wash
        3801 N. Dixie Hwy
        Boca Raton, FL 33431

Bankruptcy Case No.: 10-34890

Chapter 11 Petition Date: August 23, 2010

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

Judge: Erik P. Kimball

Debtor's Counsel: Julie E. Hough, Esq.
                  2450 Hollywood Blvd. #706
                  Hollywood, FL 33020
                  Tel: (954) 239-4760
                  E-mail: jhough@houghrobson.com

Scheduled Assets: $26,266

Scheduled Debts: $2,492,759

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-34890.pdf

The petition was signed by Jason Graff, managing member of JMG
Realty LLC.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
J.A.G Car Wash Holdings, LLC           10-34451    08/18/10


JEAN DETHIERSANT: Files Schedules of Assets & Liabilities
---------------------------------------------------------
Jean Dethiersant has filed with the U.S. Bankruptcy Court for the
Central District of California its schedules of assets and
liabilities, disclosing:

  Name of Schedule                    Assets        Liabilities
  ----------------                    ------        -----------
A. Real Property                   $11,027,000
B. Personal Property                   $31,225
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                   $13,773,704
E. Creditors Holding
   Unsecured Priority
   Claims                                                    $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                              $566,117
                                   -----------      -----------
      TOTAL                        $11,058,225      $14,339,821

West Hollywood, California-based Jean Dethiersant filed for
Chapter 11 bankruptcy protection on August 13, 2010 (Bankr. C.D.
Calif. Case No. 10-44108).  Michael Jay Berger, Esq., at the Law
Offices of Michael Jay Berger, assists the Debtor in his
restructuring effort.  According to his schedules, the Debtor
disclosed $11,058,225 in total assets and $14,339,820 in total
liabilities as of the Petition Date.


JEAN DETHIERSANT: Section 341(a) Meeting Scheduled for Sept. 29
---------------------------------------------------------------
The U.S. Trustee for Region 16 will convene a meeting of Jean
Dethiersant's creditors on September 29, 2010, at 10:00 a.m.  The
meeting will be held at RM 2610, 725 S Figueroa Street, Los
Angeles, CA 90017.

This is the first meeting of creditors required under Section
341(a) of the U.S. Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend. This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

West Hollywood, California-based Jean Dethiersant filed for
Chapter 11 bankruptcy protection on August 13, 2010 (Bankr. C.D.
Calif. Case No. 10-44108).  Michael Jay Berger, Esq., at the Law
Offices of Michael Jay Berger, assists the Debtor in his
restructuring effort.  In his schedules, the Debtor disclosed
$11,058,225 in total assets and $14,339,820 in total liabilities
as of the Petition Date.


KENNETH STARR: Sued by American Express for Credit Card Debt
------------------------------------------------------------
Bloomberg News reports that Kenneth Starr and his company were
sued by two units of American Express Co. for not paying about
$350,000 in card charges.

According to the report, American Express Bank FSB and American
Express Centurion Bank brought the suit in New York state Supreme
Court in Manhattan.  Mr. Starr owes $343,431 on his American
Express Platinum Card and he and Starr & Company owe $7,365 on
their American Express Business Gold Rewards Card.

Mr. Starr is a New York financial adviser accused of defrauding
his celebrity clients and other investors out of about $59
million.  Mr. Starr, 66, has been jailed since his arrest on May
27 on fraud and other charges.  He has pleaded not guilty to those
charges.  In July he was conditionally granted $10 million
bail.

Mr. Starr isn't the Kenneth Starr who was special prosecutor in
the Whitewater investigation during the Clinton administration.


KENTUCKY ENERGY: Incurs $1 Million Net Loss in June 30 Quarter
--------------------------------------------------------------
Kentucky Energy, Inc., formerly Quest Minerals & Mining Corp.,
filed its quarterly report on Form 10-Q, reporting a net loss of
$1.0 million on $774,846 of revenue for the three months ended
June 30, 2010, compared with a net loss of $662,958 on no revenue
for the same period of 2009.

The Company's balance sheet as of June 30, 2010, showed
$5.5 million in total assets, $8.5 million in total liabilities,
and a shareholders' deficit of $3.0 million.

RBSM, LLP, in New York, expressed substantial doubt about Quest
Minerals' ability to continue as a going concern, following its
2009 results.  The independent auditors noted that the Company has
suffered recurring losses from operations and that its only
operating subsidiary, Gwenco, Inc., has filed for reorganization
under Chapter 11 of U.S. Bankruptcy Code.

In its latest 10-Q, the Company discloses that it has obtained
exit facility financing through the Gwenco bankruptcy proceedings
to fund the capital requirements of Gwenco; however, the
borrowings under this financing may not be sufficient to address
all of it capital requirements for the next 12 months, as it has
exceeded the maximum capacity under the line.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a49

                      About Kentucky Energy

Paterson, N.J.-based Kentucky Energy, Inc. (formerly Quest
Minerals & Mining Corp.) acquires and operates energy and mineral
related properties in the southeastern part of the United States.
The Company focuses its efforts on operating properties that
produce quality compliance blend coal, generating revenues and
cash flow through the mining, processing, and selling of the coal
located on these properties.

The Company is a holding company for Quest Minerals & Mining,
Ltd., a Nevada corporation, which in turn is a holding company for
Quest Energy, Ltd., a Kentucky corporation, and of Gwenco, Inc., a
Kentucky corporation.  Quest Energy, Ltd., is the parent
corporation of E-Z Mining Co., Inc, a Kentucky corporation, and of
Quest Marine Terminal, Ltd., a Kentucky corporation.

Gwenco leases over 700 acres of coal mines, with approximately
12,999,000 tons of coal in place in six seams.  In 2004, Gwenco
had reopened Gwenco's two former drift mines at Pond Creek and
Lower Cedar Grove, and had begun production at the Pond Creek
seam.  This seam of high quality compliance coal is located at
Slater's Branch, South Williamson, Kentucky.

In 2009, the United States Bankruptcy Court for the Eastern
District of Kentucky confirmed Gwenco's Plan of Reorganization
pursuant to Chapter 11 of the U.S. Bankruptcy Code.  The Plan
became effective on October 12, 2009.


KILEY RANCH: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Kiley Ranch Communities
        10625 Double R Boulevard, Suite 100
        Reno, NV 89521

Bankruptcy Case No.: 10-53393

Chapter 11 Petition Date: August 26, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Reno)

Judge: Gregg W. Zive

Debtor's Counsel: Stephen R. Harris, Esq.
                  BELDING, HARRIS & PETRONI, LTD
                  417 W. Plumb Lane
                  Reno, NV 89509
                  Tel: (775) 786-7600
                  Fax: (775) 786-7764
                  E-mail: steve@renolaw.biz

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

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

The petition was signed by Matthew Kiley, president.

Debtor's List of 12 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Cav Investments, LLC               --                  $11,685,592
10625 Double R Boulevard, #200
Reno, NV 89521

Kiley Community Property Trust     --                   $2,378,100
10625 Double R Boulevard, #100
Reno, NV 89521

Mountain West Excavation           --                     $431,726
7955 Sugar Pine Court, #200
Reno, NV 89523

Signature Landscapes               --                     $228,435

City of Sparks                     --                     $173,025

City of Sparks                     --                     $146,985

Northern Nevada Concrete           --                     $101,277

Titan Electrical Contracting       --                       $7,300

Silver State Fence & Stain         --                       $6,624

Tetrus Building Materials          --                       $6,089

Places Consulting Services         --                       $3,075

Hawley Troxell Ennis & Hawley LLP  --                       $1,150


KINSLEY FOREST: Chapter 11 Reorganization Case Dismissed
--------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Missouri
dismissed Kinsley Forest Estates, LLC's Chapter 11 case.

As reported in the Troubled Company Reporter on July 23, 2010,
Nancy J. Gargula, the U.S. Trustee for Region 13, sought for the
dismissal or conversion of the Debtor's case to one under Chapter
7 of the Bankruptcy Code, explaining that the Debtor's primary
asset is subject to foreclosure and the Debtor is unlikely to be
able to rehabilitate its financial operations.

Lenexa, Kansas City-based Kinsley Forest Estates, LLC, filed for
Chapter 11 bankruptcy protection on March 2, 2010 (Bankr. W.D. Mo.
Case No. 10-40896).  Nancy S. Jochens, Esq., at Jochens Law
Office, Inc., assists the Company in its restructuring effort.
In its schedules, the Company disclosed assets of $16,250,485,
and total debts of $7,859,000.


LAKE TAHOE: Plan to Pay Off Unsecured Creditors by May 2013
-----------------------------------------------------------
Lake Tahoe Development Co., LLC, submitted to the U.S. Bankruptcy
Court for the Eastern District of California a proposed Plan of
Reorganization and an explanatory Disclosure Statement.

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

According to the Disclosure Statement, the Plan provides that the
Debtor will market and sell its Chateau properties as a single
development project, and Gateway project property to pay claims.

Holders of General Unsecured Claims will receive upon the sale or
disposition of the Debtor's real property a pro rata share of 80%
of the net proceeds, after payment of the closing costs,
administrative claims and postpetition advances by J.S. Devco, and
secured creditors.  Class 3 Claims will be due in full on the
earlier of (1) the date of the closing of a sale or disposition of
the Debtor's real property, or (2) May 1, 2013.

Holder of the unsecured claim of J.S. Devco Limited Partnership,
an insider, will receive equity in the reorganized Debtor upon the
effective date.

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

                   About Lake Tahoe Development

Based in Zepher Cove, Nevada, Lake Tahoe Development Co., LLC, is
a real estate development company with substantial expertise in
the real estate land entitlement and permitting areas in the
unique geographic location of South Lake.  Its principal, Randy
Lane, who is the sole owner of Mountain Ventures, LLC, which is
the managing member of the Debtor, has resided and developed real
estate in South Lake Tahoe since 1976.

The Company owns an interest in two separate real estate
development projects.  The first project owned exclusively by the
Debtor is a large, mixed use, condominium, 19 hotel and retail
space development comprised of 29 separate real estate parcels
with multiple lien holders holding liens against various parcels
located at the California/Nevada state line on Highway 50, South
Lake Tahoe, California.  The second is property owned by the
Debtor located at 1259 Emerald Bay Road, South Lake Tahoe, CA (the
"Gateway Project"), which is separate and apart from the Project,
24 and is being developed by Danny Freeman pursuant to a
development agreement.

The Company filed for Chapter 11 protection on Oct. 5, 2009
(Bankr. E.D. Calif. Case no. 09-41579).  Daniel L. Egan, Esq.,
Megan A. Lewis, Esq., and Jason G. Cinq-Mars, Esq., at Wilke,
Fleury, Hoffelt, Gould & Birney, LLP, serve as counsel to the
Debtor.  The Debtor estimated assets at $100 million and
$500 million, and debts at $50 million and $100 million in its
Chapter 11 petition.


LAS VEGAS SANDS: Bank Debt Due 2016 Trades at 9% Off
----------------------------------------------------
Participations in a syndicated loan under which Las Vegas Sands
Corp. is a borrower traded in the secondary market at 91.33 cents-
on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 1.93
percentage points from the previous week, The Journal relates.
The Company pays 225 basis points above LIBOR to borrow under the
facility.  The bank loan matures on November 26, 2016.  The loan
is not rated by Moody's and Standard & Poor's.  The loan is one of
the biggest gainers and losers among 216 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

Based in Las Vegas, Nevada, Las Vegas Sands Corp. (NYSE: LVS) --
http://www.lasvegassands.com/-- owns and operates The Venetian
Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo
and convention center.  The company also owns and operates the
Sands Macao, the first Las Vegas-style casino in Macao, China.

Las Vegas Sands has a 'B-' corporate family rating from Standard &
Poor's Ratings Services.  As reported in the TCR on July 30, 2010,
Standard & Poor's placed its 'B-' corporate credit rating on the
Las Vegas Sands Corp. family of companies, as well as its issue-
level ratings on the companies' debt, on CreditWatch with positive
implications.  "In addition to announcing strong performance
across its portfolio of properties during the second quarter on
its earning call, Las Vegas Sands also indicated that it will
pursue an amend-and-extend transaction with lenders in its U.S.
credit facilities," S&P pointed out.


LAS VEGAS SANDS: Bank Debt Due 2014 Trades at 10% Off
-----------------------------------------------------
Participations in a syndicated loan under which Las Vegas Sands
Corp. is a borrower traded in the secondary market at 90.08 cents-
on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 2.19
percentage points from the previous week, The Journal relates.
The Company pays 175 basis points above LIBOR to borrow under the
facility.  The bank loan matures on May 1, 2014.  Moody's has
withdrawn its rating on the bank debt while it carries Standard &
Poor's B rating.  The loan is one of the biggest gainers and
losers among 216 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.

Based in Las Vegas, Nevada, Las Vegas Sands Corp. (NYSE: LVS) --
http://www.lasvegassands.com/-- owns and operates The Venetian
Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo
and convention center.  The company also owns and operates the
Sands Macao, the first Las Vegas-style casino in Macao, China.

Las Vegas Sands has a 'B-' corporate family rating from Standard &
Poor's Ratings Services.  As reported in the TCR on July 30, 2010,
Standard & Poor's placed its 'B-' corporate credit rating on the
Las Vegas Sands Corp. family of companies, as well as its issue-
level ratings on the companies' debt, on CreditWatch with positive
implications.  "In addition to announcing strong performance
across its portfolio of properties during the second quarter on
its earning call, Las Vegas Sands also indicated that it will
pursue an amend-and-extend transaction with lenders in its U.S.
credit facilities," S&P pointed out.


LAUREATE EDUCATION: Bank Debt Trades at 8% Off in Secondary Market
------------------------------------------------------------------
Participations in a syndicated loan under which Laureate
Education, Inc., is a borrower traded in the secondary market at
91.55 cents-on-the-dollar during the week ended Friday, August 27,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents an increase
of 0.50 percentage points from the previous week, The Journal
relates.  The Company pays 325 basis points above LIBOR to borrow
under the facility.  The bank loan matures on August 17, 2014, and
carries Moody's B1 rating and Standard & Poor's B rating.  The
loan is one of the biggest gainers and losers among 216 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Laureate Education, Inc., is based in Baltimore, Maryland, and
operates a leading international network of accredited campus-
based and online universities with 26 institutions in 15
countries, offering academic programs to about 311,000 students
through 74 campuses and online delivery.  Laureate offers a broad
range of career-oriented undergraduate and graduate programs
through campus-based universities located in Latin America,
Europe, and Asia.  Through online universities, Laureate offers
the growing population of non-traditional, working-adult students
the convenience and flexibility of distance learning to pursue
undergraduate, master's and doctorate degree programs in major
career fields including engineering, education, business, and
healthcare.

In July 2010, Moody's Investors Service revised Laureate
Education, Inc's ratings outlook to stable from negative.
Concurrently, Moody's affirmed the company's B2 corporate family
rating, B2 probability-of-default rating, and its various debt
ratings.  "The outlook revision reflects the company's solid
enrollment growth supported by the breadth of its presence in
multiple geographies, many of which are growing."


LEVEL 3 COMMS: Bank Debt Trades at 10% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Level 3
Communications, Inc., is a borrower traded in the secondary market
at 89.58 cents-on-the-dollar during the week ended August 27,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents a drop of
0.30 percentage points from the previous week, The Journal
relates.  The Company pays 225 basis points above LIBOR to borrow
under the facility.  The bank loan matures on March 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 216 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.

Level 3 Communications carries a 'Caa1' corporate family rating,
and 'Caa2' probability of default rating, with negative outlook
from Moody's, a 'B-' issuer default rating from Fitch, and 'B-'
long term issuer credit ratings from Standard & Poor's.


LIN TV: S&P Raises Corporate Credit Rating to 'B' From 'B-'
-----------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Providence, R.I.-based TV broadcaster LIN TV
Corp. to 'B' from 'B-'.  The rating outlook is stable.

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

S&P also raised the issue-level ratings on LIN Television's
subordinated debt to 'B-' (one notch lower than the 'B' corporate
credit rating) from 'CCC+'.  The recovery rating on this debt
remains unchanged at '5', indicating S&P's expectation of modest
(10%-30%) recovery for debtholders in the event of a payment
default.

"The 'B' rating reflects S&P's expectation that LIN will be able
to reduce its leverage further by the end of 2010 through revenue
and EBITDA growth and repayment of debt," said Standard & Poor's
credit analyst Deborah Kinzer.  Lease-adjusted debt to EBITDA
declined to 6.5x as of June 30, 2010, from 8.1x at year-end 2009.
Fully adjusted to include LIN's guarantee of joint-venture debt,
debt to EBITDA was 11.0x as of June 30, 2010, down from 14.0x at
year-end 2009.

"S&P expects leverage to rise somewhat in 2011 due to the typical
sharp decline in political ad revenue that is normal in a
nonelection year, but that it will remain below the very high
levels of 2009," added Ms. Kinzer.


LOVELL'S AMERICAN: Members' Bankruptcy Didn't Dissolve LLC
----------------------------------------------------------
WestLaw reports that a debtor limited liability company that had
been formed under Wyoming law had not ceased to exist upon all of
its members filing of bankruptcy, and therefore it was a "person"
eligible for bankruptcy protection, since Wyoming law provided for
continued existence of an LLC in the process of dissolution.
Although a dissolving event had occurred and the debtor's
existence was limited to "winding up of its business," the debtor
had not yet been "dissolved."  In re Lovell's American Car Care,
LLC, 2010 WL 2769056, slip op. http://is.gd/eGxuz(10th Cir. BAP
(Wyo.)).

Lovell's American Car Care, LLC, is a tire store and auto repair
shop that was initially operated by Robert and Lisa Rael as a
proprietorship in Lovell, Wyoming.  In August 2007, the Raels
organized the business as a Wyoming Limited Liability Company,
with themselves its only members.  Seven months later, on March
17, 2008, the Debtor filed its petition (Bankr. D. Wyo. Case No.
08-20128) for Chapter 11 relief.  A copy of that petition is
available at http://bankrupt.com/misc/wyb08-20128.pdfat no
charge.  On May 1, 2008, Mr. and Mrs. Rael filed a chapter 11
petition (Bankr. D. Wyo. Case No. 08-20251).  A copy of that joint
petition is available at http://bankrupt.com/misc/wyb08-20251.pdf
at no charge.  Additionally, on May 1, 2008, Professional
Contractors, Inc., another affiliate, filed a chapter 11 petition
(Bankr. D. Wyo. Case No. 08-20252).  A copy of PCI's chapter 11
petition is available at http://bankrupt.com/misc/wyb08-20252.pdf
at no charge.

The United States Trustee moved to convert or dismiss Lovell's
chapter 11 case, or directing the Debtor to file a liquidating
plan.  Wells Fargo Bank, owed about $681,000, joined in that
request.  The Bankruptcy Court declined that invitation, and all
four Debtors filed a Joint Plan on Jan. 9, 2009.  That joint plan
drew fire from Wells Fargo when it learned that the Debtors
proposed to pay the bank nothing.  The Bankruptcy Court, in turn,
dismissed Lovell's case on Apr. 20, 2009.  The Debtor appealed
that decision, and the 10th Cir. BAP says the case shouldn't have
been dismissed.


MAGIC BRANDS: Plan Exclusivity Extended to Nov. 17
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Magic Brands LLC was given a three-month extension of
the exclusive right to propose a Chapter 11 plan.  The new
deadline is Nov. 17.

Headquartered in Austin, Texas, Magic Brands, LLC --
http://www.fuddruckers.com/-- operated 62 Fuddruckers locations
in 11 states and 3 Koo Koo Roo restaurants in California.

Magic Brands, LLC, and its operating units filed for Chapter 11
protection on April 21, 2010 (Bankr. D. Del. Lead Case No. 10-
11310).  It estimated assets of up to $10 million and debts at $10
million to $50 million in its Chapter 11 petition.  Affiliate
Fuddruckers, Inc., also filed, estimating assets and debts at
$50 million to $100 million.

FocalPoint Securities, LLC, serves as investment banker to Magic
Brands, and Goulston & Storrs serves as lead bankruptcy counsel.
Kurtzman Carson Consultants, LLC, is the claims and notice agent.

In July 2010, Magic Brands closed the sale of the Fuddruckers
stores and franchise business to restaurant operator Luby's Inc.
for $63.5 million.  The company changed its name to Deel LLC
following the completion of the sale.


MASHANTUCKET WESTERN: S&P Withdraws 'D' Issuer Credit Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said it withdrew its ratings on
the Mashantucket Western Pequot Tribe.  S&P lowered its issuer
credit rating on the Tribe to 'D' on Nov. 16, 2009, following the
Tribe's announcement that it did not make the full interest
payment due on its notes.


MEDICOR LTD: Gets Go Signal to Send Plan to Creditors for Voting
----------------------------------------------------------------
BankruptcyData.com reports that the U.S. Bankruptcy Court affirmed
the adequacy of the information in explaining the disclosure
statement explaining the proposed Chapter 11 plan of liquidation
of Medicor Ltd.  The hearing to consider confirmation of the Plan
is scheduled for October 20, 2010.

The Plan, as twice amended, provides that net proceeds of the
prior sale of the Debtors' assets will be distributed to certain
holders of allowed claims.  The Plan provides for these terms:

   -- MediCor's prepetition senior lenders owed in excess of
      $57 million will receive the cash, along with their pro rata
      share of certain proceeds of litigation to be pursued by a
      liquidating trustee; and

   -- Holders of allowed general unsecured claims will receive (i)
      $700,000 cash; (ii) an additional $275,000 pursuant to a D&O
      settlement, and; and (iii) certain proceeds of litigation to
      be pursued by the liquidating trustee.

                       About Medicor Ltd.

Headquartered in North Las Vegas, Nevada, MediCor Ltd. --
http://www.medicorltd.com/-- manufactures and markets products
primarily for aesthetic, plastic and reconstructive surgery and
dermatology markets.  The company and seven of its affiliates
filed for Chapter 11 protection on June 29, 2007 (Bankr. D. Del.
Lead Case No. 07-10877) to effectuate the orderly marketing and
sale of their business.  Dennis A. Meloro, Esq., and Victoria
Watson Counihan, Esq., at Greenberg Traurig, LLP, represent the
Debtors' as Delaware counsel.  The Debtors engaged Alvarez &
Marsal North America, LLC as their restructuring advisor.  David
W. Carickhoff, Jr., Esq., at Blank Rome LLP represents the
Official Committee of Unsecured Creditors as counsel.  In its
schedules of assets and debts, MediCor Ltd. disclosed total assets
of $96,553,019, and total debts of $158,137,507.


MERUELO MADDUX: Plan Confirmation Hearing Set for September 8
-------------------------------------------------------------
The Hon. Kathleen Thompson of the U.S. Bankruptcy Court for the
Central District of California will consider on September 8, 2010,
at 10:00 a.m., the confirmation of Meruelo Maddux Properties,
Inc.'s Plan of Reorganization.  The hearing will be held at
Courtroom 301, 21041 Burbank Blvd, Woodland Hills, California.

As reported in the Troubled Company Reporter on August 11, 2010,
the Company's reorganization plan includes a 100% payment to all
creditors of the company.

The Court will also consider the confirmation of the Plan proposed
by East West Bank, Legendary Investors Group No. 1, LLC, secured
creditors of certain of the Debtors and unsecured guaranty
creditors of the parent corporation Meruelo Maddux Properties,
Inc.

Legendary and EWB's Plan provides for the reorganization of the
Debtors' affairs to create a strong, well-managed and well-
financed operation.  The Plan's foundation is an $80 million
recapitalization via a $5 million cash infusion by Legendary,
conversion of approximately $65 million of the proponents' debt to
equity and a $10 million rights offering to Holders of MMPI
Existing Common Stock.

                        Lenders Amend Plan

BankruptcyData.com reports that Legendary Investors Group No. 1,
LLC and East West Bank filed a First Amended Plan of
Reorganization for the Debtor.

According to the Disclosure Statement, "The Plan provides for the
reorganization of the Debtors' affairs to create a strong, well
managed and well-financed operation. The Plan's foundation is an
$80 million recapitalization via a $5 million cash infusion by
Legendary, conversion of approximately $65 million of the
proponents' debt to equity and a $10 million Rights Offering to
Holders of MMPI Existing Common Stock as of the Effective Date.
Such Holders will be offered the right to purchase up to a total
of 2,202,500 additional shares of Reorganized MMPI Common Stock,
equal to a 10% stake in Reorganized MMPI."

EWB and Legendary are represented by:

     Jeremy V. Richards, Esq.
     Jeffrey W. Dulberg, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., 11th Floor
     Los Angeles, California 90067-4100
     Tel: (310) 277-6910

                       About Meruelo Maddux

Meruelo Maddux and its affiliates filed for Chapter 11 protection
on March 26, 2009 (Bankr. C. D. Calif. Lead Case No. 09-13356).
Aaron De Leest, Esq., John J. Bingham, Jr., Esq., and John N.
Tedford, Esq., at Danning Gill Diamond & Kollitz, represent the
Debtors in their restructuring efforts.  Asa S. Hami, Esq., Tamar
Kouyoumjian, Esq., and Victor A. Sahn, Esq., at SulmeyerKupetz, A
Prof Corp, represent the official committee of unsecured creditors
as counsel.  The Debtors' financial condition as of December 31,
2008, showed $681,769,000 in assets and $342,022,000 of debts.


METISCAN INC: Posts $134,400 Net Loss in June 30 Quarter
--------------------------------------------------------
Metiscan, Inc., filed its quarterly report on Form 10-Q, reporting
a net loss of $134,389 on $514,862 of revenue for the three months
ended June 30, 2010, compared with net income of $60,348 on
$349,423 of revenue for the same period of 2009.

The Company experienced a net loss from operations of $96,450
during the three months ended June 30, 2010, as compared to a net
loss from operations of $177,843 during the three months ended
June 30, 2009.

During the three months ended June 30, 2010, the Company
experienced a net loss on the settlement of debt in the amount of
$28,333.  The Company experienced a net gain on the settlement of
debt in the amount of $309,455 during the same period of 2009.

The Company had a working capital deficit of $4.3 million at
June 30, 2010.

The Company's balance sheet as of June 30, 2010, showed
$12.1 million in total assets, $4.5 million in total liabilities,
and stockholders' equity of $7.6 million.

Eugene M. Egeberg, CPA, expressed substantial doubt about the
Company's ability to continue as a going concern, following its
2009 results.  The independent auditors noted that the Company has
restricted a significant portion of its cash and cash equivalents
and also has a large accumulated deficit through December 31,
2009.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a41

                       About Metiscan Inc.

Dallas, Tex.-based Metiscan, Inc. (OTC PK: MTIZ)
-- http://www.metiscan.com/-- is the parent company of a
portfolio of enterprises with operations in healthcare, healthcare
IT, mobile technology and employment services.


MEXICANA AIRLINES: Suspends Flights Until Further Notice
--------------------------------------------------------
Nuevo Grupo Aeronautico, S.A. de C.V. disclosed that as a result
of the group's delicate financial situation when it changed owners
a week ago, compounded by failure to reach agreements that would
allow for the capitalization of its three airlines, Mexicana
Airlines, MexicanaClick and MexicanaLink flights will suspend
operations until further notice as of midday (12:00 p.m.) on
Saturday, August 28, 2010.

Among the factors that have contributed to this announcement are:
Grupo Mexicana's fragile financial situation, which has
deteriorated further over the last four weeks due to the previous
management's decision to suspend ticket sales, forcing the company
to continue operating in the interests of passengers without
receiving any revenue.

No substantial agreements were reached to give companies in the
Group long-term viability.

Lack of effectiveness in the insolvency (Concurso Mercantil)
process intended to protect additional financial resources
available to the company so it could to continue operating.
Given the uncertainty of the situation, certain suppliers have
begun demanding advanced payment of services that are essential to
the airlines' operations.

The decision is a painful one for the 8,000-strong Grupo Mexicana
family, but we will continue seeking out ways of securing the
company's long-term financial viability, so our passengers can
once again enjoy the quality services they are accustomed to.  The
company hope to be back in the air soon and would like to thank
everyone involved in this process for their support and
understanding.

If you have bookings or/and have paid for a Grupo Mexicana flight
and have a reservation code, we would like to inform you that:
All Mexicana, MexicanaLink and MexicanaClick flights will be
suspended until further notice as of midday on Saturday,
August 28, 2010.  All flights programmed to depart after this hour
will be canceled.

Grupo Mexicana deeply regrets any inconvenience this decision may
cause and will continue to assist passengers to the full extent of
its abilities.  Passengers who have already flown a leg of their
journey and who are scheduled to fly with a Grupo Mexicana airline
after Saturday, August 28, 2010 are advised to consult the
websites or contact us at the numbers listed below.  Priority will
be given to minors traveling unaccompanied, passengers traveling
with children under age 3 and special needs passengers.
If you have not yet begun your journey, we recommend you make
alternative travel arrangements.

For information on how to apply for a refund, visit
http://www.mexicana.com or http://www.cmainforma.com or contact
the Company at any of the numbers listed below:

    Mexico City
      5448-8634
      5998-5998
    Elsewhere in Mexico
      01 800 837 6150
      01 800 801 2010
    United States and Canada
      1 877 801 2010
      1 888 882 9994

                       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.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than
US$1 billion.  William C. Heuer, Esq., at Duane Morris LLP, serves
as counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings

Bankruptcy Creditors' Service, Inc., publishes Mexicana Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 proceedings
and the ancillary proceedings undertaken by Compania Mexicana de
Aviacion and its units.  (http://bankrupt.com/newsstand/or
215/945-7000).


MONTGOMERY REALTY: Plan of Reorganization Wins Court Approval
-------------------------------------------------------------
The Hon. Dennis Montali on the U.S. Bankruptcy Court for the
Northern District of California confirmed Montgomery Realty Group
Inc.'s Plan of Reorganization, as amended and restated.

According to the restated Plan, the Debtor intends to resolve all
claims against it and the real property located at 710 Sansome
Street, San Francisco, California, 447 Battery Street, San
Francisco, California and 1007 E. Rundberg, Austin, Texas that
constitute its principal assets.  The Plan provides for a
restructuring of the debts encumbering two continuing properties,
a surrender of the Glen Oaks Apartments to its secured creditors
and for payment of all other claims against the Debtor.

On the Effective Date, the Debtor will fund the treatment of all
unclassified claims, and every other payment required to be made
on the Effective Date.

Full-text copy of the Disclosure Statement, as amended, is
available for free at:

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

Based in San Francisco, Montgomery Realty Group, Inc. filed for
Chapter 11 relief on July 6, 2009 (Bankr. C.D. Calif. Case No.
09-31879).  Montgomery leases and operates improved properties.
Michael St. James, Esq., at St. James Law, represents the Debtor
as counsel.  In its petition, the Debtor estimated between
$10 million and $50 million each in assets and debts.


MSGI SECURITY: Taps L J Soldinger as New Accountant
---------------------------------------------------
MSGI Security Solutions Inc. terminated on Aug. 19, 2010 the
services of Amper, Politziner & Mattia LLP as the Company's
Independent Registered Public Accounting Firm.

On the same date, the Company, with the approval of the Audit
Committee, engaged L J Soldinger Associates LLC as the Company's
new independent accountants.

As AP&M, the firm served as the Company's Independent Registered
Public Accounting Firm for each of the fiscal years ended June 30,
2003, 2004, 2005, 2006, 2007, 2008, and 2009, and for the first,
second and third quarters of the fiscal year ended June 30, 2010.
The decision to terminate the services of AP&M was approved by the
Audit Committee of the Company's Board of Directors.

                        About MSGI Security

MSGI Security Solutions, Inc. (Other OTC: MSGI) --
http://www.msgisecurity.com/-- is a provider of proprietary
solutions to commercial and governmental organizations.  The
Company is developing a global combination of innovative emerging
businesses that leverage information and technology.  The Company
is headquartered in New York City where it serves the needs of
counter-terrorism, public safety, and law enforcement and is
developing new technologies in nanotechnology and alternative
energy as a result of its recently formed relationship with The
National Aeronautics and Space Administration.

The Company's balance sheet at March 31, 2010, showed $2.1 million
in total assets, $20.3 million in liabilities, and a stockholders'
deficit of $18.2 million.

Amper, Politziner & Mattia, LLP, in Edison, New Jersey, expressed
substantial doubt about MSGI Security Solutions, Inc.'s ability to
continue as a going concern after auditing the Company's
consolidated financial statements for the years ended June 30,
2009, and 2008.  The auditing firm reported that the Company has
suffered recurring losses from operations, and negative cash flows
from operations, and has a substantial amount of notes payable due
on demand or within the next 12 months and has very limited
capital resources.


NATIONAL RESORT: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: National Resort, LLC
        100 Heatherbrook Park Drive
        Birmingham, AL 35242

Bankruptcy Case No.: 10-51957

Chapter 11 Petition Date: August 23, 2010

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Gulfport Divisional Office)

Judge: Neil P. Olack

Debtor's Counsel: William P. Wessler, Esq.
                  WILLIAM P. WESSLER
                  1624 24th Avenue
                  P.O. Box 175
                  Gulfport, MS 39502
                  Tel: (228) 863-3686
                  Fax: (228) 863-7877
                  E-mail: wwessler@cableone.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 James M. Clark.


NBTY INC: S&P Downgrades Corporate Credit Rating to 'B+'
--------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on NBTY Inc. to 'B+' from 'BB' and removed all the ratings
from CreditWatch negative, where they were placed on July 15,
2010.  The outlook is stable.

S&P also lowered the issue-level rating on NBTY's senior secured
credit facility to 'BB' from 'BBB-'.  The recovery rating is '1',
which indicates S&P's expectation of very high (90% to 100%)
recovery for debt holders in the event of payment default.  S&P
also lowered the issue-level rating on NBTY's senior subordinated
notes due 2015 to 'B+' from 'BB'.  The recovery rating is '3',
which indicates S&P's expectation of meaningful (50% to 70%)
recovery for debt holders in the event of payment default.

Concurrently, S&P assigned a preliminary 'BB' issue-level rating
on the proposed $1.7 billion senior secured credit facility, which
is comprised of a $200 million revolver, $200 million term loan A
and $1.3 billion term loan B.  The recovery rating is '1', which
indicates S&P's expectation of very high (90% to 100%) recovery
for debt holders in the event of payment default.  S&P also
assigned a preliminary 'B' issue-level rating on the proposed
$900 million bridge facility/senior unsecured notes.  The recovery
rating is '5', which indicates S&P's expectation of modest (10% to
30%) recovery for debt holders in the event of payment default.
The preliminary issue and recovery ratings on the company's
proposed senior secured credit facility and bridge facility/senior
unsecured notes are based on preliminary terms and closing
conditions, subject to review upon receipt of final documentation.
Upon closing of the transaction, S&P will withdraw its ratings on
the existing senior secured credit facility and senior
subordinated debt.

"The lower rating reflects weakened credit measures following the
proposed capital structure, which will include about $2 billion in
additional debt," said Standard & Poor's credit analyst Jacqueline
Hui.  S&P estimates pro forma adjusted leverage, as of trailing
12-months June 30, 2010, to be about 5.4x compared with 1.7x prior
to the transaction during the same period.  S&P views the
company's financial profile as highly leveraged due to the
significant debt burden and its aggressive financial policy.  In
addition to the weaker credit metrics and aggressive financial
policy, the 'B+' rating on NBTY also reflects the company's
participation in the highly competitive vitamins, minerals, and
supplements industry, which S&P believes supports a fair business
risk profile.  Other factors include the company's distribution
channel and product diversity, and scale.

NBTY is a vertically integrated VMS manufacturer and marketer.
S&P believes the company's vertical integration, manufacturing
efficiency and scale allow it to produce low-cost products that
are diversely distributed through wholesale, retail and direct-
response channels (including mail order and internet sales).  The
company maintains a strong market position; however, the VMS
market remains highly competitive and fragmented in all
distribution channels and is characterized by promotional and
discount activity.

The outlook on NBTY is stable, reflecting S&P's expectation that
the company will maintain pro forma credit metrics in line with
the current rating over the near term.  S&P expects NBTY's
operating performance to remain strong as it gradually reduces
debt levels.  S&P could consider a downgrade if operating
performance weakens and adjusted leverage increases to 6.5x.  S&P
estimates this could occur if EBITDA declined 18% (assuming debt
levels do not significantly change from current levels).
Alternatively, however unlikely, S&P could consider an upgrade if
the company pays down debt and if operating performance continues
to strengthen, causing leverage to decrease to 4x over the near
term.  S&P estimates that this could occur if EBITDA increased 19%
(assuming debt levels do not significantly change).


NEXSTAR BROADCASTING: S&P Raises Corporate Credit Rating to 'B'
---------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Irving, Texas-based TV broadcaster Nexstar
Broadcasting Group Inc. to 'B' from 'B-'.  The rating outlook is
stable.

S&P also raised the issue-level rating on the $175 million senior
secured credit facilities of Nexstar Broadcasting Inc. and Mission
Broadcasting Inc. to 'BB-' (two notches higher than the parent's
'B' corporate credit rating) from 'B+'.  The recovery rating
remains unchanged at '1', indicating S&P's expectation of very
high (90%-100%) recovery for lenders in the event of a payment
default.  The credit facilities are guaranteed by parent Nexstar
Broadcasting Group Inc.

In addition, S&P raised the issue-level rating on the $325 million
second-lien notes co-issued by Nexstar Broadcasting Inc. and
Mission Broadcasting Inc., and guaranteed by Nexstar Broadcasting
Group Inc., to 'B' (at the same level as the 'B' corporate credit
rating) from 'B-'.  The recovery rating on this debt also remains
unchanged, at '3', indicating S&P's expectation of meaningful
(50%-70%) recovery for noteholders in the event of a payment
default.

Finally, S&P raised the issue-level rating on the 7% senior
subordinated notes issued by Nexstar Broadcasting Inc. and the
11.375% senior discount notes issued by Nexstar Finance Holdings
Inc. to 'CCC+' (two notches lower than the parent's 'B' corporate
credit rating) from 'CCC'.  The recovery rating on these issues
remains unchanged at '6', indicating S&P's expectation of
negligible (0%-10%) recovery for noteholders in the event of a
payment default.

"The 'B' corporate credit rating reflects S&P's expectation that
Nexstar's core ad revenue will continue growing modestly in 2010
and 2011," said Standard & Poor's credit analyst Deborah Kinzer.
The EBITDA growth resulting from the rebound in core advertising,
combined with political ad revenue from the 2010 midterm
elections, should, in S&P's view, enable Nexstar to reduce its
leverage significantly by the end of the year.


NORTEL NETWORKS: To Sell Multi Service Switch Business
------------------------------------------------------
Nortel Networks has plans to sell substantially all of the assets
of its North America, Caribbean and Latin America and Asia Multi
Service Switch business to PSP Holding for US$39 million. The deal
is a "stalking horse" asset sale, which means other companies can
come in an trump the offer.

These agreements include the planned sale of substantially all
assets of the MSS business globally including the associated Data
Packet Network and Shasta product groups.  These agreements also
include certain intellectual property related to the MSS business.

Currently, subject to the terms of these agreements as well as any
changes that may occur through the stalking horse and sale
process, substantially all MSS employees would have the
opportunity to continue employment with PSP.  This includes the
employees assigned to the MSS business in certain EMEA
jurisdictions who would transfer to PSP by operation of law.

Commenting on the announcement, John Luszczek, General Manager of
Nortel's MSS business said: "Today's announcement is welcome news
to all MSS customers, suppliers, partners and employees.  The
proposed transaction represents a clear and positive step forward
and is a testament of our continued commitment to innovation and
customer support that resulted in the creation of the business
value evident by today's announcement.  Throughout this process we
will remain focused on providing our customers with the highest
level of service, support and responsiveness that they have come
to expect."

                          About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/--
delivers communications capabilities that make the promise of
Business Made Simple a reality for the Company's customers.  The
Company's next-generation technologies, for both service provider
and enterprise networks, support multimedia and business-critical
applications.  Nortel's technologies are designed to help
eliminate the barriers to efficiency, speed and performance by
simplifying networks and connecting people to the information they
need, when they need it.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the U.S.
by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary Caloway,
Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll & Rooney
PC, in Wilmington, Delaware, serves as the Chapter 15 petitioner's
counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions on January 14, 2009 (Bankr. D. Del. Case No. 09-10138).
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  The Nortel Companies related in
a press release that Nortel Networks UK Limited and certain
subsidiaries of the Nortel group incorporated in the EMEA region
have each obtained an administration order from the English High
Court of Justice under the Insolvency Act 1986.  The applications
were made by the EMEA Subsidiaries under the provisions of the
European Union's Council Regulation (EC) No. 1346/2000 on
Insolvency Proceedings and on the basis that each EMEA
Subsidiary's centre of main interests is in England.  Under the
terms of the orders, representatives of Ernst & Young LLP have
been appointed as administrators of each of the EMEA Companies and
will continue to manage the EMEA Companies and operate their
businesses under the jurisdiction of the English Court and in
accordance with the applicable provisions of the Insolvency Act.

Several entities, particularly, Nortel Government Solutions
Incorporated have material operations and are not part of the
bankruptcy proceedings.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of US$11.6 billion and consolidated
liabilities of US$11.8 billion.  The Nortel Companies' U.S.
businesses are primarily conducted through Nortel Networks Inc.,
which is the parent of majority of the U.S. Nortel Companies.  As
of September 30, 2008, NNI had assets of about US$9 billion and
liabilities of US$3.2 billion, which do not include NNI's
guarantee of some or all of the Nortel Companies' about
US$4.2 billion of unsecured public debt.

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


NOVA CHEMICALS: S&P Affirms 'B+' Corporate Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its ratings,
including its 'B+' long-term corporate credit rating on NOVA
Chemicals Corp.  The outlook is stable.

"The ratings on NOVA Chemicals reflect S&P's view of the company's
exposure to volatile commodity chemicals, heavy reliance on one
asset for the majority of cash flows, and concerns about declining
ethane volume at the Joffre, Alta. Plant," said Standard & Poor's
credit analyst Jatinder Mall.

These weaknesses are counterbalanced in S&P's opinion by NOVA
Chemicals' cost-competitive olefins/polyolefins business, which
generates good cash flow through the cycle; improving leverage;
and parental support from International Petroleum Investment Co.
(AA/Stable/A-1+).

NOVA Chemicals produces commodity chemicals and plastics used in
consumer, industrial, and packaging products.  The company has an
annual production capacity of 6,600 million pounds of ethylene and
3,620 million pounds of polyethylene.  It also produces a small
amount of performance styrenics, which includes expandable
polystyrene and styrenic polymer performance products.  Nova
Chemicals' Ineos Nova joint venture produces styrene monomer and
solid polystyrene in North America and Europe.

The stable outlook reflects Standard & Poor's view of NOVA
Chemicals' improving financial performance and the parental
support S&P believes IPIC will provide.  Although credit metrics
have improved S&P remain cautious given the inherent volatility in
demand and prices for the company's product.  S&P believes credit
metrics can quickly change as seen in 2008-2009 and, as such, the
stable outlook takes into account a through-the-cycle EBITDA.
However, S&P could lower the ratings on the company if market
conditions quickly deteriorate due to an economic slowdown or the
Joffre plant production reduces significantly due to lower ethane
supply, or if S&P views that IPIC has changed its parental support
or financial policy toward NOVA Chemicals.  Given the reliance on
a single asset and volatility in cash flows, an upgrade would
require the company to have adjusted debt of below US$2 billion
with through-the-cycle EBITDA of US$400 million-US$500 million,
leading to sustained leverage of about 3.5x-4.0x.


OLD TIME POTTERY: Emerges from Chapter 11 Protection
----------------------------------------------------
Susan Dickenson at Home Accents Today reports that Old Time
Pottery emerged from Chapter 11 bankruptcy protection.

The Company, according to the report, closed seven underperforming
stores as part of the plan.  The Company now operates 30 stores in
10 states with corporate headquarters and distribution services
based in Murfreesboro, Tennenssee.

As reported in the TCR on June 16, Old Time Pottery received
confirmation of a Chapter 11 plan where SunTrust Bank, the secured
lender owed $15 million at the outset of bankruptcy, will have the
remainder of its claim paid with a new $20 million revolving
credit from FirstMerit Bank NA from Cincinnati.  SunTrust's loan
was paid down in part with proceeds from inventory in the stores
that closed.  Unsecured creditors, who were listed as having $23
million in claims, will receive payment of 75% of their approved
claims when the plan is implemented.  The remaining 25%, plus
interest on the deferred portion, will be paid by Dec. 25, 2010.

Old Time Pottery is a home decor retailer.  It filed for Chapter
11 with 37 stores.  Eight were closed.

The Company filed for Chapter 11 on Aug. 21, 2009 (Bankr. M.D.
Tenn. Case No. 09-09548).  G. Rhea Bucy, Esq., Linda W. Knight,
Esq., and Thomas H. Forrester, Esq. at Gullett, Sanford, Robinson,
Martin represent the Debtor in its restructuring efforts.  In its
petition, the Debtor listed $50,000,001 to $100,000,000 in assets
and $10,000,001 to $50,000,000 in debts.


OPTI CANADA: Completes Issuance of US$100 Million Senior Notes
--------------------------------------------------------------
OPTI Canada Inc. has completed the issuance of US$100 million face
value of 9.0% First Lien Senior Secured Notes due Dec. 15, 2012
and US$300 million face value of 9.750% First Lien Senior Secured
Notes due Aug. 15, 2013.

The new 2012 Notes and 2013 Notes were issued at a price of 99.5%
and 96.5% respectively, resulting in a yield to maturity of
approximately 9.2% and 11.2% respectively.

Using the Aug. 19, 2010 Bank of Canada closing exchange rate of
US$0.9623 = C$1.00, the net proceeds to the Company from the sale
of the Notes is approximately C$392 million, after deducting
certain fees and expenses related to the offerings and adjusting
for the offering prices.

The purpose of the offerings is to maintain sufficient liquidity
through the ramp-up period of the Long Lake Project and to allow
the Company to continue with its previously announced review of
strategic alternatives.  The Company intends to use the net
proceeds to repay outstanding borrowings of C$50 million under its
revolving credit facility, to fund an interest escrow account of
approximately US$87 million relating to the 2013 Notes, and
for general corporate purposes.

The issuance of the Notes was led by Credit Suisse Securities
(USA) LLC as Sole Book-Running Manager, TD Securities (USA) LLC
and Scotia Capital (USA) Inc. as joint lead managers, and RBC
Capital Markets Corporation and HSBC Securities (USA) Inc. as co-
managers.

In conjunction with the issuance of the Notes, the company amended
certain terms and conditions of its Credit Facility which included
increasing the maximum allowable debt-to-capitalization ratio to
75%.  The Company's Credit Facility remains in the aggregate
amount of C$190 million, maturing on Dec. 15, 2011.

                            About OPTI

OPTI Canada Inc. is a Calgary, Alberta-based company focused on
developing major oil sands projects in Canada using its
proprietary OrCrude(TM) process.  OPTI's common shares trade on
the Toronto Stock Exchange under the symbol OPC.

                           *     *     *

OPTI Canada carries a 'CCC+' long-term corporate credit rating
from Standard & Poor's Ratings Services.  It has a 'Caa2'
corporate family rating from Moody's Investors Service.

"S&P base its decision to lower the ratings on the increasing
financing burden associated with OPTI's debt and the widening gap
between potential cash flow generation, and financing and spending
obligations," said Standard & Poor's credit analyst Michelle
Dathorne in August 2010, to explain S&P's downgrade of the
corporate rating to 'CCC+' from 'B-'.  "Our estimates of the
operating cash flows necessary for the company to fund all
required financing obligations and capital spending internally
provide no allowances for production shortfalls or commodity-price
weakness from now until 2012.  This lack of financial flexibility
is characteristic of a credit profile in the 'CCC' category," Ms.
Dathorne added.


OTC HOLDINGS: Moody's Downgrades Unit's Default Rating to 'D'
-------------------------------------------------------------
Moody's Investors Service downgraded Oriental Trading Company
Inc.'s Probability of Default Rating to D from Ca/LD.  The
downgrade was prompted by OTC's July 25, 2010 announcement that it
entered chapter 11 in the United States Bankruptcy Court.

                        Ratings Rationale

Subsequent to the actions, Moody's will withdraw the ratings
because OTC has entered bankruptcy.

These ratings were downgraded and will be withdrawn:

  -- Probability of Default Rating to D from Ca/LD

These ratings will be withdrawn:

  -- Corporate Family Rating at Ca
  -- Probability of Default Rating at D
  -- 1st lien credit facilities at Caa2 (LGD 2, 26%)
  -- 2nd lien term loan at C (LGD 5, 74%)

OTC is a direct marketer of novelties, toys, party supplies, and
home d‚cor products.  The company generates annual revenue of
about $485 million.


OTC HOLDINGS: S&P Downgrades Unit's Bank Loan Rating to 'D'
-----------------------------------------------------------
Standard & Poor's Ratings Services said it has lowered its bank
loan rating on the company's $460 million first-lien facility to
'D' from 'CC' and kept the '4' recovery rating on this debt,
indicating S&P's expectation for an average (30% to 50%) recovery
of principal.

The downgrade resulted from OTC's filing a voluntary petition for
Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in
Delaware on Aug. 25, 2010.  OTC indicated that it obtained a
$40 million debtor-in-possession facility from existing lenders.

The company's proposed restructuring plan would allow it reduce
its debt by about 70% and continue its operations.

                           Ratings List

                            Downgraded

                     Oriental Trading Co. Inc.

                          Senior Secured

                                         To                 From
                                         --                 ----
   US$50 mil sr secd revolv cred fac     D                  CC
   bank ln due 07/31/2012
    Recovery Rating                      4                  4

                                         To                 From
                                         --                 ----
   US$410 mil first lien term bank ln    D                  CC
   due 07/31/2013
    Recovery Rating                      4                  4


OTC HOLDINGS: Files for Chapter 11 with Plan Support Deal
---------------------------------------------------------
OTC Holdings Corporation, together with affiliates, including
Oriental Trading Co., filed for Chapter 11 protection (Bankr. D.
Del. Lead Case No. 10-12636) on August 25, with an agreement with
first-lien lenders for a Chapter 11 plan.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that second-lien lenders, owed $180 million plus interest,
are not parties to the plan support agreement.  Another group of
creditors, the mezzanine lenders, is owed a total of $120 million.

According to the report, the Plan would give first-lien lenders,
owed $403.6 million, all of the new stock plus a new $200 million
second-lien note to the senior lenders.  If the plan goes through,
second-lien creditors would be given warrants for 2.5% of the
stock with a strike price based on an enterprise value of $427.5
million.

The first-lien lenders, the Bloomberg report relates, will provide
a $40 million of DIP financing to fund the Chapter 11 case.  At
confirmation of the plan, there would be a $50 million first-lien
term loan to pay off the DIP loan.

JPMorgan Chase Bank NA is agent for the first-lien creditors while
Wilmington Trust FSB is agent on the second-lien credit.  Wachovia
Bank NA serves as agent for the mezzanine debt holders.

Joel A. Waite, Esq., and Kenneth J. Enos, Esq., at Young, Conaway,
Stargatt & Taylor, serve as counsel to the Debtor.

Operating company Oriental Trading Co. is a direct marketer of
home decor products, toys, and novelties.  An affiliate of The
Carlyle Group purchased 68% of OTC in July 2006 from private-
equity investor Brentwood Associates, which continues to own about
24 percent of the equity.

OTC said it has assets of $463 million and liabilities of $757
million as of April 3.

According to Bloomberg, the Company said that prepetition efforts
to negotiate a standalone plan between first- and second-lien
lenders were unsuccessful.  OTC then searched for a purchaser.
None of the offers was enough to pay first-lien debt in full.


OTC HOLDINGS: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: OTC Holdings Corporation
        5455 South 90th Street
        Omaha, NE 68127

Bankruptcy Case No.: 10-12636

Chapter 11 Petition Date: August 25, 2010

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

Judge: Kevin J. Carey

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
OTC Investors Corporation              10-12637        8/25/10
Oriental Trading Company, Inc.         10-12638        8/25/10
Fun Express, Inc.                      10-12639        8/25/10
Oriental Trading Marketing, Inc.       10-12640        8/25/10

Debtors'
Local Counsel:    Joel A. Waite, Esq.
                  Kenneth J. Enos, Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR
                  The Brandywine Building
                  1000 West Street, 17th Floor
                  P.O. Box 391
                  Wilmington, DE 19899-0391
                  Tel: (302) 571-6600
                  Fax: (302) 571-0453
                  E-mail: bankfilings@ycst.com

Debtors'
Bankruptcy
Counsel:          Richard Hahn, Esq.
                  My Chi To, Esq.
                  Jae-Sun Chung, Esq.
                  Huyue Angela Zhang, Esq.
                  Jessica Katz, Esq.
                  DEBEVOISE & PLIMPTON LLP
                  919 Third Avenue
                  New York, NY 10022
                  Tel: (212) 909-6000
                  Fax: (212) 909-6836

Debtors'
Financial
Advisors:         JEFFERIES & COMPANY, INC.

Debtors'
Restructuring
Consultant:       PROTIVITI, INC.

Debtors'
Claims Agent:     KURTZMAN CARSON CONSULTANTS LLC

Stated Assets: $463 million

Stated Debts: $757 million

The petitions were signed by Steven G. Mendlik, chief financial
officer.

Oriental Trading Company's List of 30 Largest Unsecured Creditors:

        Entity                      Nature of Claim   Claim Amount
        ------                      ---------------   ------------
Second Lien Holders                 Bank Loan         $185,837,870
1100 North Market Street
Wilmington, DE 19890

Mezzanine Debt Holders              Bank Loan          $85,706,030
1100 North Market Street
Wilmington, DE 19890

BSM Enterprise Ltd                  Trade Debt          $4,256,606
Min'An Commercial Building No. 160-162
Jin Yuan East Lane
Jiangdong
Ningbo City 315040 China

World Color Logistics               Trade Debt          $2,767,260
N63 W23075 State Highway 74
Sussex, WI 53089-2827

Yeko Traders/China                  Trade Debt          $2,001,367
Yee Kuk Industrial Centre, 2nd Floor
555 Yee Kuk Street Cheung Sha Wan
Kowloon, Hong Kong

Google                              Trade Debt          $1,720,443
1600 Ampitheatre Parkway
Mountain View, CA 94043

Intertek Testing Services Hongkong  Trade Debt          $1,230,679
Garment Centre, 2nd Floor
576 Castle Peak Road
Kowloon, Hong Kong

UPS                                 Trade Debt            $706,253
2535 Edward Babe Gomez Avenue
Omaha, NE 68107

Epsilon Data Management LLC         Trade Debt            $570,000
41 Metropolitan Road
Toronto, ON Canada M1R2T5

Forsythe Solutions Group, Inc.      Trade Debt            $504,089
7770 Frontage Road
Skoke, IL 60077

Federal Express Corp.               Trade Debt            $445,035
105 NW 44th Street
Kansas City, MO 64116

Lucky Worldwide                     Trade Debt            $362,250
95, Section 2 Nan Kang Road, 10th Floor
Taipei, Taiwan ROC

Omniglow Corporation                Trade Debt            $355,878
91 Pinevale Street
Indian Orchard, MA 01151

American President Lines, Ltd       Trade Debt            $354,957
116 Inverness Drive East, Suite 400
Englewood, CO 80112

New Success                         Trade Debt            $350,968
Inter-Continental Plaza, 5th Floor
94 Granville Road Tsim Sha Tsui East
Kowloon, Hong Kong

Gleacher & Company Securities Inc   Professional Fee      $345,000
1290 Avenue of the Americas, 4th Floor
New York, NY 10104

Diversified Solutions               Trade Debt            $295,524
17117 Oak Drive, Suite B
Omaha, NE 68130

Hershey's Chocolate USA             Trade Debt            $256,029
100 Crystal Drive
Hershey, PA 17033

Crayola, LLC                        Trade Debt            $234,155

Experian Marketing Solutions        Trade Debt            $233,093

Yahoo! Search Marketing             Trade Debt            $193,882

Alisios International Corp          Trade Debt            $192,975

Microsoft Corp                      Trade Debt            $187,841

Hay Nien Company, Limited           Trade Debt            $176,336

Creative Converting                 Trade Debt            $165,400

Jiesen Trade Co., Ltd               Trade Debt            $162,929

Nestle USA Inc.                     Trade Debt            $139,338

Concord Division of Tri Sales       Trade Debt            $124,054

Hospitality Mints                   Trade Debt            $114,368

Tootsie Roll Industries             Trade Debt            $108,086


PACIFIC AVENUE: Regions Bank Wants Examiner to Probe Books
----------------------------------------------------------
Kerry Hall Singe at The Charlotte Observer reports that Regions
Bank is asking the Bankruptcy Court to order the appointment of an
examiner to study the EpiCentre project's record-keeping, claiming
"self-dealing," "suspicious transactions" -- including one
involving the city -- and financial irregularities.

"Despite restaurants and bars that appear to be thriving and
popular, the project itself generates relatively insignificant net
cash flow," Region Bank said, according to the report.

The bank started foreclosure proceedings in July, claiming the
EpiCentre had stopped paying on a $90 million loan in December.

A hearing on the bank's request is set for Sept. 15.

                         About Pacific Avenue

Pacific Avenue, LLC, is a North Carolina limited liability company
whose principal place of business is located in Charlotte, North
Carolina.  Together with Pacific Avenue II, LLC, the Company owns
and operates the EpiCentre, a mixed-use commercial development
consisting of approximately 302,000 rentable square feet of office
and retail/entertainment space, plus an underground parking deck,
located at 210 E. Trade St. in the city block surrounded by the
light rail line, Fourth Street, College Street, and Trade Street
in uptown Charlotte, North Carolina.

Pacific Avenue, LLC, filed for Chapter 11 bankruptcy protection on
July 22, 2010 (Bankr. W.D. N.C. Case No. 10-32093).  The Company's
affiliate, Pacific Avenue II, filed a separate Chapter 11
petition.  Joseph W. Grier, III, Esq., at Grier, Furr & Crisp,
P.A., assists the Company in its restructuring effort.  The
Company estimated up to $50,000 in assets and $50 million to $100
million in debts in its bankruptcy petition.


PEANUT CORP: Judge Backs $12 Million Deal for Peanut Victims
------------------------------------------------------------
U.S. Magistrate Judge Michael Urbanski of the U.S. District Court
for the Western District of Virginia on Wednesday recommended
approving a settlement in which the trustee for Peanut Corp. of
America would distribute $12 million to resolve more than 120 tort
claims arising from people who became ill or died after eating
salmonella-tainted peanut products, Bankruptcy Law360 reports.

Following a nationwide outbreak of Salmonella poisoning that
reports say sickened more than 700 people and killed nine, Peanut
Corporation of America -- http://www.peanutcorp.com/-- filed a
Chapter 7 bankruptcy petition in February 2009 (Bankr. W.D. Va.
Case No. 09-60452).  The Company estimated its assets and
liabilities in the range of $1 million to $10 million at the time
of the filing.


PRIVATE MEDIA: Reports EUR931,000 Net Income for June 30 Quarter
----------------------------------------------------------------
Private Media Group filed its quarterly report on Form 10-Q,
reporting net income of EUR931,000 on EUR6.0 million of revenue
for the three months ended June 30, 2010, compared with a
net loss of EUR 1.6 million on EUR6.2 million of revenue for the
same period of 2009.

The Company reported an operating profit of EUR 1.0 million for
the three months ended June 30, 2010, compared to an operating
loss of EUR 2.2 million for the three months ended June 30, 2009.
The EUR 3.2 million improvement was the result of change in fair
value of contingent consideration payable and reduced selling,
general and administrative expenses offset by reduced gross
profit.

The Company's balance sheet at June 30, 2010, showed
EUR 45.3 million in total assets, EUR 17.6 million in total
liabilities, and EUR 27.7 million in shareholders' equity.

As reported in the Troubled Company Reporter on May 31, 2010,
BDO Auditores S.L., in Barcelona, Spain, expressed substantial
doubt about the Company's ability to continue as a going concern,
following its 2009 results.  The independent auditors noted that
the Company has suffered recurring losses from operations over the
past years and has not yet reestablished profitable operations.

In its latest 10-Q, the Company discloses that it currently has no
additional availability under its existing credit facilities.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a3f

                       About Private Media

Based in Barcelona, Spain, Private Media Group, Inc., is an
international provider and distributor of adult media content.
The Company acquires or licenses content from independent studios
and directors and processes these images into products suitable
for popular media formats such as digital media content for
Broadcasting, Mobile and Internet distribution, and print
publications and DVDs.  In addition to media content, the Company
also generates additional sales through the licensing of its
Private trademark to third parties.

The Company's U.S. headquarters are located at 537 Stevenson
Street, in San Francisco, California.


PROFESSIONAL VETERINARY: Court Okays Sept. 9 Auction
----------------------------------------------------
Dow Jones' DBR Small Cap reports that Professional Veterinary
Products Ltd., won court approval to put its operating assets on
the block next month.  Judge Timothy J. Mahoney of the U.S.
Bankruptcy Court in Omaha, Neb., on Thursday said Professional
Veterinary Products may sell such assets as inventory, equipment,
software and intellectual property to the highest bidder at a
Sept. 9 auction, court papers show.

DBR says Professional Veterinary Products is asking bidders to
submit their offers by Sept. 7, and Judge Mahoney said he'd
consider approving the winning bid at a Sept. 10 sale hearing.
Professional Veterinary Products said it has received a nonbinding
offer of $18 million from rival Animal Health International Inc.
The publicly traded company is also offering to take over
Professional Veterinary Products' lease to its York, Pa., facility
as well as offering to consider hiring some of its employees.

Professional Veterinary Products and its ProConn subsidiary on
August 20, 2010, completed the sale of their inventory of certain
animal health products and miscellaneous related assets to Micro
Beef Technologies, Ltd.  The assets sold to Micro Beef primarily
consisted of inventory located in the delivery vehicles operated
by salespersons of the Company who accepted employment offers with
Micro Beef.  The purchase price for the Micro Beef transaction was
based on the cost of the inventory to the Company and ProConn,
which amount totaled approximately $1.5 million plus the
assumption of certain vehicle leases.

On August 17, 2010, the Company completed the sale of its
inventory of certain swine products and miscellaneous related
assets to Lextron, Inc.  The purchase price for the Lextron
transaction was based on the cost of the inventory to the Company,
which amount totaled approximately $2.5 million.

The proceeds of the Micro Beef and Lextron transactions were paid
to Wells Fargo Bank, National Association, and used to reduce the
obligations owing under the terms of the Credit and Security
Agreement dated January 29, 2010.

                   About Professional Veterinary

Professional Veterinary Products Ltd. -- http://.pvpl.com/--
operates a veterinary supply company owned and managed by
veterinarians.  Includes company information, products, and an
online tour.

Professional Veterinary sought Chapter 11 protection from
creditors on August 20 in Omaha, Nebraska (Bankr. D. Neb. Case No.
10-82436).  Affiliates ProConn and Exact Logistics also filed for
Chapter 11.

The Company reported $89.79 million in total assets, $78.23
million in total liabilities, and $11.56 million in
stockholders' equity as of June 30, 2010.

The Company has hired McGrath North Mullin & Kratz PC LLO, as
bankruptcy counsel and Alliance Management as financial and
restructuring advisors.


PROFESSIONAL VETERINARY: Board OKs Key Employee Incentive Program
-----------------------------------------------------------------
The Board of Directors of Professional Veterinary Products, Ltd.,
on August 24, 2010, approved Key Executive Employee Incentive
Agreements with each of these officers: (a) Stephen J. Price,
President and Chief Executive Officer; (b) Jamie Meadows, Chief
Operating Officer; and (c) Vicky Winkler, Director of Finance
(principal financial officer).

The Incentive Agreements are subject to Bankruptcy Court approval
and structured to incentivize such officers to, among other
things, consummate a sale of substantially all of the Company's
inventory to a buyer pursuant to Section 363 of the Bankruptcy
Code.

The Incentive Agreements provide for these payments to each
officer:

     -- bonuses of $72,000 to Mr. Price, $35,000 to Mr. Meadows
        and $22,000 to Ms. Winkler, if the officer is employed by
        the Company on the date the Bankruptcy Court confirms a
        sale of substantially all of the Company's inventory to a
        buyer pursuant to Section 363 of the Bankruptcy Code; and

     -- bonuses of $40,000 to Mr. Price and $14,000 to Ms.
        Winkler, if the officer is employed by the Company on (a)
        November 30, 2010 or (b) the date a distribution is made
        to general unsecured creditors (other than a distribution
        from the sale of substantially all of the Company's
        inventory to a buyer pursuant to Section 363 of the
        Bankruptcy Code).

                   About Professional Veterinary

Professional Veterinary Products Ltd. -- http://.pvpl.com/--
operates a veterinary supply company owned and managed by
veterinarians.  Includes company information, products, and an
online tour.

Professional Veterinary sought Chapter 11 protection from
creditors on August 20 in Omaha, Nebraska (Bankr. D. Neb. Case No.
10-82436).  Affiliates ProConn and Exact Logistics also filed for
Chapter 11.

The Company reported $89.79 million in total assets, $78.23
million in total liabilities, and $11.56 million in stockholders'
equity as of June 30, 2010.

The Company has hired McGrath North Mullin & Kratz PC LLO, as
bankruptcy counsel and Alliance Management as financial and
restructuring advisors.


PROFESSIONAL VETERINARY: $40MM DIP Loan Expires Sept. 30
--------------------------------------------------------
Professional Veterinary Products, Ltd., and its subsidiaries,
ProConn, LLC, and Exact Logistics, LLC, in connection with their
bankruptcy filing, entered into a Stipulation For Secured
Borrowing and Adequate Protection on August 20, 2010, with their
existing lender, Wells Fargo Bank, National Association.

The DIP Facility contemplates that the Lender will make revolving
loans available to the Debtors under the terms of the Credit and
Security Agreement dated January 29, 2010 by and among the Debtors
and the Lenders, together with the loan documents related thereto.
The loans available to the Debtors under the DIP Facility are in
an aggregate amount of up to $40 million, subject to borrowing
base and budget limitations, for working capital and other general
corporate purposes.  The loans bear interest at the rate of
3-month LIBOR plus 8.50% per annum, and require payment of a
$75,000 commitment fee.  The DIP Facility is subject to the
approval of the Bankruptcy Court.

Wells Fargo also permits the Debtors to use cash collateral.
Pursuant to the Stipulation, Wells Fargo Lender holds $8,454,032
in claims against the Debtors as of August 19, 2010, which
includes $85,436 in interest.

The DIP Facility terminates, and the loans under the DIP Facility
mature, on the earliest to occur of (a) September 30, 2010, (b)
the failure of the Debtors to achieve certain milestones with
respect to the sale of assets pursuant to Section 363 of the
Bankruptcy Code during September 2010, (c) the occurrence of an
event of default under the DIP Facility, or (d) the approval of
the Bankruptcy Court of the sale of assets pursuant to Section 363
of the Bankruptcy Code and the payment of the proceeds thereof to
the Lender in an amount sufficient to pay the obligations owing to
the Lender in full.

The DIP Facility requires monthly interest payments, and principal
and accrued interest are payable on the applicable maturity date
described above.  The Debtors' obligations under the DIP Facility
are secured by a lien on substantially all of the assets of the
Debtors, as well as a superpriority administrative claim in the
Bankruptcy Case.  The DIP Facility contains various
representations, warranties and covenants by the Debtors, and
events of default, that are customary for transactions of this
nature.

Wells Fargo Bank is represented by:

          Cassandra L. Writz, Esq.
          Laurence M. Frazen, Esq.
          Cassandra L. Writz, Esq.
          BRYAN CAVE LLP
          One Kansas City Place
          1200 Main Street, Suite 3500
          Kansas City, Missouri
          Telephone: (816) 374-3200
          Facsimile: (816) 374-3300

A full-text copy of the Stipulation For Secured Borrowing
and Adequate Protection is available at no charge at
http://ResearchArchives.com/t/s?6a50

Under the terms of the Debtors' Existing Credit Facility with
Wells Fargo, pursuant to which the Debtors have outstanding
obligations in the approximate amount of $5.9 million as of August
23, 2010, an event of default occurred on August 20, 2010 due to
the filing of the Bankruptcy Case.  As a result, the Existing
Credit Facility provides that the Lender may terminate its
commitment to make additional advances to, and issue letters of
credit for the account of, the Debtors thereunder and that the
obligations owing to the Lender thereunder are automatically due
and payable.

The ability of the Lender to seek remedies to enforce its rights
under the Existing Credit Facility is automatically stayed as a
result of the filing of the Bankruptcy Case, and the Lender's
rights of enforcement are subject to applicable provisions of the
Bankruptcy Code.

                   About Professional Veterinary

Professional Veterinary Products Ltd. -- http://.pvpl.com/--
operates a veterinary supply company owned and managed by
veterinarians.  Includes company information, products, and an
online tour.

Professional Veterinary sought Chapter 11 protection from
creditors on August 20 in Omaha, Nebraska (Bankr. D. Neb. Case No.
10-82436).  Affiliates ProConn and Exact Logistics also filed for
Chapter 11.

The Company reported $89.79 million in total assets,
$78.23 million in total liabilities, and $11.56 million in
stockholders' equity at June 30, 2010.

The Company has hired McGrath North Mullin & Kratz PC LLO, as
bankruptcy counsel and Alliance Management as financial and
restructuring advisors.


PROTOSTAR LTD: Court to OK Disclosure Statement
-----------------------------------------------
Judge Mary Walrath of the U.S. Bankruptcy Court for the District
of Delaware said she will approve the disclosure statement
explaining the Chapter 11 plan of ProtoStar Ltd., subject to a
clarificatory language regarding the treatment and consolidation
of creditor classes, Bankruptcy Law360 reports.

According to Law360, Judge Walrath saw merit in Kiskadee
Communications' objections to a "global settlement" that ProtoStar
reached with major parties.

The Chapter 11 plan reserves $10.65 million for unsecured
creditors who were initially thought to be out of the money.

                       About ProtoStar Ltd.

Hamilton, HM EX, Bermuda-based ProtoStar Ltd. is a satellite
operator formed in 2005 to acquire, modify, launch and operate
high-power geostationary communication satellites for direct-to-
home satellite television and broadband internet access across the
Asia-Pacific region.

The Company and its affiliates filed for Chapter 11 on July 29,
2009 (Bankr. D. Del. Lead Case No. 09-12659).  The Debtor selected
Pachulski Stang Ziehl & Jones LLP as Delaware counsel; Law Firm of
Appleby as their Bermuda counsel; UBS Securities LLC as financial
advisor & investment banker and Kurtzman Carson Consultants LLC as
claims and noticing agent.  The Debtors have tapped UBS Securities
LLC as investment banker and financial advisor.

Also on July 29, 2009, ProtoStar and its affiliates, including
ProtoStar Development Ltd., commenced a coordinated proceeding in
the Supreme Court of Bermuda.  John C. McKenna of Finance & Risk
Services Ltd. as liquidator of the Bermuda Group.

In their Chapter 11 petitions, the Debtors each estimated assets
and debts of $100 million and US$500 million.  As of December 31,
2008, ProtoStar's consolidated financial statements, which include
non-debtor affiliates, showed total assets of $463,000,000 against
debts of $528,000,000.


QWEST COMMS: Moves to Redeem All Outstanding Convertible Notes
--------------------------------------------------------------
Qwest Communications International Inc. on August 20 responded to
queries received from holders of the Company's outstanding 3.50%
convertible senior notes due 2025.

The Company said, "Pursuant to the Agreement and Plan of Merger
between the Company and CenturyLink, Inc., a Louisiana
corporation, and SB44 Acquisition Company, a Delaware corporation
and wholly owned subsidiary of CenturyLink, the Company has agreed
to take all necessary action to exercise its right under the
indenture governing the terms of the Convertible Notes to redeem
all of the outstanding Convertible Notes at a redemption price in
cash equal to 100% of the principal amount thereof, together with
accrued and unpaid interest, on November 20, 2010.

"Upon the issuance by the Company of a notice of such redemption,
holders of Convertible Notes will be entitled to surrender for
conversion any Convertible Notes called for redemption at any time
until the close of business on the business day immediately
preceding the redemption date specified in such redemption notice.
Settlement of any such conversions of Convertible Notes will take
place following the end of an 'Applicable Conversion Reference
Period,' as defined in the indenture governing the terms of the
Convertible Notes.

"On each date during this Applicable Conversion Reference Period,
the amounts due to holders on settlement of their conversion will
be calculated pursuant to the formula set forth in the indenture
governing the terms of the Convertible Notes.  In the event that
the Company announces a dividend on its common stock with a record
date falling during the Applicable Conversion Reference Period,
the Company will make a corresponding adjustment to the Conversion
Rate applicable to the Convertible Notes.  Such adjustment will
take effect on the record date with respect to such dividend and
will be applied to the conversion settlement calculations
described above for each date during the Applicable Conversion
Reference Period that is after the record date with respect to
such dividend.  As described more fully in the indenture governing
the Convertible Notes, holders who surrender Convertible Notes for
conversion will not generally be entitled to receive any accrued
and unpaid interest on such Convertible Notes."

                           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 'Ba1' corporate family and probability of default
ratings from Moody's and has 'BB' issuer credit ratings from
Standard & Poor's.

"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.

The Company's balance sheet at June 30, 2010, showed
$18.95 billion in total assets, $20.20 billion in total
liabilities, and a stockholders' deficit of $1.24 billion.


RADIO ONE: 2009 Stockholders' Equity Overstated by $46.2 Million
----------------------------------------------------------------
Radio One, Inc., filed on August 23, 2010, an amendment to its
annual report on Form 10-K for the year ended December 31, 2009,
to correct an error in the measurement and classification of a
noncontrolling interest in Reach Media, Inc., that resulted in
overstated consolidated stockholders' equity and understated
mezzanine equity by equal amounts.  The adjustments decreased
total stockholders' equity by approximately $46.2 million through
December 31, 2009.  The restatements do not result in a change to
the Company's previously reported financial results in the
consolidated statements of operations or consolidated statements
of cash flows for the Company, and, hence, will not affect
previously reported net income or earnings per share.

Ernst & Young LLP, in Baltimore, Maryland, expressed substantial
doubt about the Company's ability to continue as a going concern
in its report on the Company's restated consolidated financial
statements for 2009.  The independent auditors noted that in June
and July 2010 the Company violated certain covenants of its loan
agreements, which ultimately may result in significant amounts of
outstanding debt becoming callable by lenders.

The Company reported a net loss of $48.6 million on $272.1 million
of revenue for 2009, compared to a net loss of $298.9 million on
$313.4 million of revenue for 2008.

As restated, the Company's balance sheet at December 31, 2009,
showed $1.036 billion in total assets, $787.5 million in total
liabilities, $52.2 million in redeemable noncontrolling interests,
and stockholders' equity of $195.8 million.

A full-text copy of the Form 10-K/A is available for free at:

               http://researcharchives.com/t/s?6a20

                         About Radio One

Lanham, Maryland-based Radio One, Inc. (Nasdaq:  ROIAK and ROIA)
-- http://www.radio-one.com/-- is a diversified media company
that primarily targets African-American and urban consumers.  The
Company is one of the nation's largest radio broadcasting
companies, currently owning 53 broadcast stations located in 16
urban markets in the United States.

The Company owns a controlling interest in Reach Media, Inc. --
http://www.blackamericaweb.com/-- owner of the Tom Joyner Morning
Show and other businesses associated with Tom Joyner.  Beyond its
core radio broadcasting business, Radio One owns Interactive One
-- http://www.interactiveone.com/-- an online platform serving
the African-American community through social content, news,
information, and entertainment, which operates a number of branded
sites, including News One, UrbanDaily, HelloBeautiful, Community
Connect Inc. -- http://www.communityconnect.com/-- an online
social networking company, which operates a number of branded Web
sites, including BlackPlanet, MiGente, and Asian Avenue and an
interest in TV One, LLC -- http://www.tvoneonline.com/-- a
cable/satellite network programming primarily to African-
Americans.


RADIO ONE: Files Amended Financial Statements for March 31 Quarter
------------------------------------------------------------------
Radio One, Inc., filed on August 23, 2010, an amendment to its
quarterly report on Form 10-Q for the quarterly period ended
March 31, 2010, to correct an error in the measurement and
classification of a noncontrolling interest in Reach Media, Inc.,
that resulted in overstated consolidated stockholders' equity and
understated mezzanine equity by equal amounts.  The adjustments
decreased total stockholders' equity by approximately
$37.5 million and $46.2 million as of March 31, 2010, and
December 31, 2009, respectively.  The restatements do not result
in a change to the Company's previously reported financial results
in the consolidated statements of operations or consolidated
statements of cash flows for the Company, and, hence, will not
affect previously reported net income or earnings per share.

The Company reported a net loss of $4.6 million on $59.0 million
of revenue for the first three months of 2010, compared to a net
loss of $58.6 million on $60.3 million of revenue for the same
period in 2009.

As restated, the Company's balance sheet at March 31, 2010, showed
$1.025 billion in total assets, $779.4 million in total
liabilities, $43.5 million in redeemable noncontrolling interests,
and stockholders' equity of $202.1 million.

A full-text copy of the Form 10-Q/A for the first quarter of 2010
is available for free at:

               http://researcharchives.com/t/s?6a21

The Company also filed amended quarterly reports for each
quarterly financial reporting period from January 1, 2009, through
September 30, 2009.

A full-text copy of the Form 10-Q/A for the first quarter of 2009
is available for free at:

               http://researcharchives.com/t/s?6a22

A full-text copy of the Form 10-Q/A for the second quarter of 2009
is available for free at:

               http://researcharchives.com/t/s?6a23

A full-text copy of the Form 10-Q/A for the third quarter of 2009
is available for free at:

               http://researcharchives.com/t/s?6a24

                         About Radio One

Lanham, Maryland-based Radio One, Inc. (Nasdaq:  ROIAK and ROIA)
-- http://www.radio-one.com/-- is a diversified media company
that primarily targets African-American and urban consumers.  The
Company is one of the nation's largest radio broadcasting
companies, currently owning 53 broadcast stations located in 16
urban markets in the United States.

The Company owns a controlling interest in Reach Media, Inc. --
http://www.blackamericaweb.com/-- owner of the Tom Joyner Morning
Show and other businesses associated with Tom Joyner.  Beyond its
core radio broadcasting business, Radio One owns Interactive One
-- http://www.interactiveone.com/-- an online platform serving
the African-American community through social content, news,
information, and entertainment, which operates a number of branded
sites, including News One, UrbanDaily, HelloBeautiful, Community
Connect Inc. -- http://www.communityconnect.com/-- an online
social networking company, which operates a number of branded Web
sites, including BlackPlanet, MiGente, and Asian Avenue and an
interest in TV One, LLC -- http://www.tvoneonline.com/-- a
cable/satellite network programming primarily to African-
Americans.

Ernst & Young LLP, in Baltimore, Maryland, expressed substantial
doubt about the Company's ability to continue as a going concern
in its report on the Company's restated consolidated financial
statements for 2009.  The independent auditors noted that in June
and July 2010 the Company violated certain covenants of its loan
agreements, which ultimately may result in significant amounts of
outstanding debt becoming callable by lenders.


REALOGY CORP: Bank Debt Trades at 13% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which Realogy
Corporation is a borrower traded in the secondary market at 86.73
cents-on-the-dollar during the week ended Friday, August 27, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 0.35
percentage points from the previous week, The Journal relates.
The Company pays 300 basis points above LIBOR to borrow under the
facility.  The bank loan matures on September 30, 2013, and
carries Moody's Caa1 rating and Standard & Poor's CCC- rating.
The loan is one of the biggest gainers and losers among 216 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

                         About Realogy Corp.

Realogy Corp. -- http://www.realogy.com/-- a global provider of
real estate and relocation services with a diversified business
model that includes real estate franchising, brokerage, relocation
and title services.  Realogy's world-renowned brands and business
units include Better Homes and Gardens Real Estate, CENTURY 21,
Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group,
ERA, Sotheby's International Realty, NRT LLC, Cartus and Title
Resource Group.  Collectively, Realogy's franchise systems have
approximately 15,000 offices and 270,000 sales associates doing
business in 92 countries around the world.

Headquartered in Parsippany, N.J., Realogy is owned by affiliates
of Apollo Management, L.P., a leading private equity and capital
markets investor.  Realogy fully supports the principles of the
Fair Housing Act.

The Company's balance sheet at June 30, 2010, showed $8.18 billion
in total assets, $9.13 billion in total liabilities, and a
stockholders' deficit of $951.00 million.

Realogy carries a 'CC' corporate credit rating with a "developing"
outlook from Standard & Poor's Ratings Services.  S&P noted that
leverage was high, at 15x at March 2010, although this was an
improvement compared to 20x one year ago.

It has 'Caa3' corporate family and probability of default ratings,
with negative outlook, from Moody's Investors Service.


REFLECT SCIENTIFIC: Reports $132,015 Net Loss for Q2
----------------------------------------------------
Reflect Scientific, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $132,015 on $529,102 of total revenues for
the three months ended June 30, 2010, from a $1.44 million net
loss on $1.05 million of total revenue in the same period last
year.

The Company's balance sheet at June 30, 2010, showed $4.62 million
in total assets, $3.85 million of total liabilities, and $774,093
in stockholders' equity.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, in its March 31,
report, expressed substantial doubt about the Company's ability to
continue as a going concern.  The Company has experienced
recurring losses from operations and negative operating cash flows
from operations.  The Company is in default on its debentures.

According to the Form 10-Q, while the Company is working
diligently to secure funding to enable it to retire the debenture
obligations, there can be no assurance that such funding will be
available.

A full-text copy of the quarterly report on Form 10-Q is available
for free at:

            http://ResearchArchives.com/t/s?6a15

Reflect Scientific, Inc. (OTC:RSCF) designs, develops and sells
scientific equipment for the life science and manufacturing
industries.  The Company's business activities include the
manufacture and distribution of laboratory consumables and
disposables, such as filtration and purification products,
customized sample handling vials, electronic wiring assemblies,
high-temperature silicone, graphite and vespel/graphite sealing
components for use by original equipment manufacturers (OEM) in
the chemical analysis industries, primarily in the field of
gas/liquid chromatography.  Its products range from non-mechanical
Cyrometrix freezers, products and parts for life science industry
to tools and analytical services for industrial manufacturing.
The Company's chemical detector products serve the analytical
instrumentation sector of the life sciences market. Image Labs and
Miralogix, which manufactured and sold inspection and testing
equipment, were divested effective March 2, 2010.


RICHARD HINDIN: Plan Outline Hearing Continued Until September 7
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia has
continued until September 7, 2010, at 11:00 a.m., the adequacy of
the Disclosure Statement explaining Richard J. Hindin's Plan of
Reorganization.

As reported in the Troubled Company Reporter on June 14, the Plan
proposes the liquidation of the Debtor's two Virginia properties
and the distribution of the net proceeds from the sale of those
properties.  In addition to this, the Plan proposes a series of
bi-annual payments to creditors over the course of five calendar
years equal to the approximate fair market value of the Debtor's
remaining non-exempt -- and chiefly, illiquid -- assets, totaling
$700,000, plus annual interest of 3%.

The Plan payments will be generated from the Debtor's post-
confirmation employment with Chicken Out Rotisserie, Inc., from
salary or other shareholder distributions expected to be received
from the Debtor's remaining closely-held investments and from cost
savings associated with no longer having to service the debt
encumbering 407 Chain Bridge Road.

All holders of allowed unsecured claims will receive pro rata
payments to be paid from the proceeds of the sale of the Plan
Property and from the Debtor Payments, in full satisfaction of the
claims.

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

                     About Richard J. Hindin

McLean, Virginia-based Richard J. Hindin filed for Chapter 11 on
November 27, 2009 (Bankr. E.D. Va. Case No. 09-19741.)  Stephen W.
Nichols, Esq. at Cooter, Mangold, Deckelbaum & Karas, LLP
represents the Debtor in his restructuring effort.  In his
petition, the Debtor estimated assets and debts at $10 million to
$50 million.


RIDGE RESTAURANT: Case Summary & 12 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Ridge Restaurant Lounge Inc.
          dba Nickobees
        10301 Southwest Highway
        Chicago Ridge, IL 60415

Bankruptcy Case No.: 10-37641

Chapter 11 Petition Date: August 23, 2010

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

Judge: A. Benjamin Goldgar

Debtor's Counsel: Chad M. Hayward, Esq.
                  343 W. Erie, Suite 510
                  Chicago, IL 60610
                  Tel: (312) 867-3640
                  Fax: (312) 276-4539
                  E-mail: courtnotice@haywardlawoffices.com

Scheduled Assets: $2,630,000

Scheduled Debts: $635,979

A list of the Company's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ilnb10-37641.pdf

The petition was signed by George Tsonis, president.


RIM DEVELOPMENT: Textron Torpedos Debtor's Chapter 11 Plan
----------------------------------------------------------
WestLaw reports that successive Chapter 11 plans filed by a
single-asset Chapter 11 debtor, each of which provided less
favorable treatment for a creditor that held mortgages on the
debtor's town home development and that had moved for relief from
the stay, by reducing the interest payable on the creditor's claim
to a rate below either the default or regular contract rate and
ultimately requiring the creditor to wait for years before
receiving anything but these reduced interest payments, while
distributions were made to creditors holding claims of lesser
priority and the debtor's principals were allowed to retain their
equity interests for seemingly minimal contributions to the
debtor's reorganization, did not have a reasonable possibility of
being confirmed.  This was especially true given that the success
of the debtor's final plan depended on the availability of near-
term government guaranteed 100 percent financing for the purchase
of the debtor's 72 town home and on a thriving market for owner-
occupants to purchase properties that were presently occupied by
military personnel and college students, two transient
populations.  Thus, the stay had to be lifted.  In re RIM
Development, LLC, --- B.R. ----, 2010 WL 3259492 (Bankr. D. Kan.)
(Nugent, J.).

The Honorable Robert E. Nugent granted Textron Financial
Corporation's motion for relief from the automatic stay on
Aug. 13, 2010.  Accordingly, it would be impossible for the Court
to confirm the Debtor's proposed chapter 11 plan described in the
Troubled Company Reporter on June 22, 2010, and amended on July 1,
2010.  Judge Nugent says that Textron may "proceed with the
realization of its contractual rights and claims in any
appropriate forum, provided, however, that so long as the debtor
remains in bankruptcy before this Court, TFC be required to report
to the Court and all other parties concerning any relief it
secures in another forum and any surplus it receives upon
commencement and completion of any foreclosure or other collection
proceeding."

Roca, Nebraska-based RIM Development, LLC, sought Chapter 11
protection (Bankr. D. Kan. Case No. 10-10132) on Jan. 22, 2010.
Susan G. Saidian, Esq., who has an office in Wichita, Kan.,
represents the company.  The Debtor disclosed $20.2 million in
assets and $11.6 million in liabilities in its Amended Schedules
of Assets and Liabilities delivered to the Bankruptcy Court in
March 2010.


RITE AID: Subpoenaed Over Connecticut Drug Pricing
--------------------------------------------------
Bloomberg News reports that Rite Aid Corp. was subpoenaed by the
Connecticut attorney general, who is seeking information about
drug price increases that he said the company falsely blamed on a
new state law.  Connecticut law requires pharmacies to provide
Medicaid and other government programs the same prescription-drug
discounts they do other consumers, Attorney General Richard
Blumenthal said in a statement.

According to the report, Mr. Blumenthal said Rite Aid increased
the cost of a 30-day supply of selected generic drugs by $2 in its
Rx Savings program and eliminated a $15.99 90-day-supply option
for some generic drugs.  The chain also scrapped discounts for
oral contraceptives, brand medications and medical supplies
including diabetic strips, he said.

                          About Rite Aid

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.

The Company's balance sheet at May 29, 2010, showed $8.0 billion
in total assets, $9.7 billion in total liabilities, and
$1.7 billion in stockholders' deficit.

                           *     *     *

Rite Aid carries 'Caa2' probability of default and corporate
family ratings from Moody's Investors Service.  It has a 'B-'
corporate credit rating from Standard & Poor's Ratings Services.


ROYAL INVEST: Posts $3.7 Million Net Loss in June 30 Quarter
------------------------------------------------------------
Royal Invest International Corp. filed its quarterly report on
Form 10-Q, reporting a net loss of $3.7 million on $2.0 million of
revenue for the three months ended June 30, 2010, compared with a
net loss of $1.2 million on $2.9 million of revenue for the same
period of 2009.

The Company's balance sheet as of June 30, 2010, showed
$81.3 million in total assets, $133.6 million in total
liabilities, and a stockholders' deficit of $52.3 million.

As reported in the Troubled Company Reporter on April 21, 2010,
Meyler & Company, LLC, in Middletown, N.J., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company had a net loss of
$44.0 million for the year ended December 31, 2009, an accumulated
deficit of $65.1 million at December 31, 2009, is in default of
one of the mortgages payable and related debt covenants at
December 31, 2009, and there are existing uncertain conditions
which the Company faces relative to its obtaining financing and
capital in the equity markets.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a40

                        About Royal Invest

Westport, Conn.-based Royal Invest International Corp. (OTC BB:
RIIC) -- http://www.royalinvestinternational.com/-- owns,
operates and manages real estate in Europe.  At June 30, 2010, and
December 31, 2009, the Company owned 18 properties.  The
properties aggregate approximately 88,077 square meters
(approximately 948,053 square feet), which are comprised of office
buildings and business centers.  The properties are located in
Germany and the Netherlands.


SAINT VINCENTS: To Sell Suburban Psychiatric Services
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that St. Vincent Catholic Medical Centers has a deal to
sell its inpatient and outpatient behavioral health services
operations in Westchester County, New York, to St. Joseph's
Medical Center.  The price is $18 million cash and the assumption
of $5 million in debt.

                            About SVCMC

Saint Vincents Catholic Medical Centers -- http://www.svcmc.org/
-- was anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates first filed for Chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).

St. Vincents Catholic Medical Centers returned to bankruptcy court
by filing another Chapter 11 petition April 14, 2010 (Bankr.
S.D.N.Y. Case No. 10-11963).  The new petition listed assets of
$348 million against debts totaling $1.09 billion.

Although the hospitals emerged from the prior reorganization in
July 2007 with a Chapter 11 plan said to have "a realistic chance"
of paying all creditors in full, the bankruptcy left the medical
center with more than $1 billion in debt.  The new filing occurred
after a $64 million operating loss in 2009 and the last potential
buyer terminated discussions for taking over the flagship
hospital.

Adam C. Rogoff, Esq., and Kenneth H. Eckstein, Esq., at Kramer
Levin Naftalis & Frankel LLP, represent the Debtor in its Chapter
11 effort.


SEARCHMEDIA HOLDINGS: NYSE AMEX Accepts Revised Plan of Compliance
------------------------------------------------------------------
SearchMedia Holdings Limited disclosed that the NYSE AMEX LLC has
accepted the Company's revised plan of compliance. In accepting
the Company's revised plan, the Exchange granted the Company an
extension until October 15, 2010 to file its Annual Report on Form
10-K for the year ended December 31, 2009 and until November 15,
2010 to file its Quarterly Report on Form 10-Q for the quarter
ended March 31, 2010.

                          About SearchMedia

SearchMedia is a leading nationwide multi-platform media company
and one of the largest operators of integrated outdoor billboard
and in-elevator advertising networks in China.  SearchMedia
currently operates a network of over 1,500 high-impact billboards
with over 500,000 square feet of surface display area and one of
China's largest networks of in-elevator advertisement panels
consisting of approximately 125,000 frames in 50 cities throughout
China.  Additionally, SearchMedia operates a network of large-
format light boxes in concourses of eleven major subway lines in
Shanghai.  SearchMedia's core outdoor billboard and in-elevator
platforms are complemented by its subway advertising platform,
which together enable it to provide a multi-platform, "one-stop
shop" services for its local, national and international
advertising clients.


SENSATA TECHNOLOGIES: Moody's Upgrades Corp. Family Rating to 'B2'
------------------------------------------------------------------
Moody's Investors Service has upgraded Sensata Technologies B.V.'s
Corporate Family and Probability of Default ratings to B2 from B3.
In a related action, the company's senior secured credit facility
was affirmed B1, senior unsecured notes affirmed Caa1, and senior
subordinated notes upgraded to Caa1 from Caa2.  Moody's also
upgraded the company's Speculative Grade Liquidity rating to SGL-2
from SGL-3.  The rating outlook is positive.

These ratings/assessments have been upgraded:

  -- Corporate family rating to B2 from B3;

  -- Probability of default rating to B2 from B3;

  -- EUR177.1 million (originally ?245 million) 9% senior
     subordinated notes due 2016 to Caa1 (LGD6, 93%) from Caa2
     (LGD6, 91%);

  -- Speculative grade liquidity rating to SGL-2 from SGL-3.

These ratings/assessments have been affirmed:

  -- Senior secured credit facility, B1 (LGD3, 37%);

  -- $201 million (originally $450 million) 8% senior unsecured
     notes due 2014, Caa1 (LGD5, 85%).

                        Ratings Rationale

The upgrade of the company's CFR to B2 reflects the recent strong
year over year and sequential improvement in Sensata's operating
and financial performance.  Additionally, as a result of the
company's IPO in March 2010, Sensata has reduced debt by over $300
million.  The positive rating outlook reflects the anticipation
for continued improvement in Sensata's credit metrics as the
company benefits from increased demand from its end markets as
well as a leaner cost structure.

The upgrade to Sensata's SGL rating to SGL-2 from SGL-3
incorporates the company's positive free cash flow generation,
full revolver availability, as well as increased covenant cushion
as a result of the company's debt reduction in association with
the IPO.  Moody's believes that the company will maintain a good
liquidity profile over the next twelve months.

The rating could be upgraded if year over year and sequential
operating results continue to improve, and the company continues
to reduce debt.  The outlook could stabilize if the company's
leverage was no longer deemed to be improving.

Moody's last rating action on Sensata was February 22, 2010, when
the company's Corporate Family Rating and Probability of Default
Rating were upgraded to B3 from Caa1.  For more information see
Moodys.com.

Sensata Technologies B.V., incorporated under the laws of The
Netherlands and with U.S. headquarters in Attleboro,
Massachusetts, is a global designer, manufacturer, and marketer of
customized and highly-engineered sensors and control products.
Revenues for the LTM period ended 6/30/10 totaled approximately
$1.4 billion.


SINGLE TOUCH: June 30 Balance Sheet Upside-Down by $10-Mil.
-----------------------------------------------------------
Single Touch Systems, Inc., reported that as of June 30, 2010, it
had $7,009,622 in total assets, $17,074,072 in total liabilities,
and $10,064,450 in stockholders' deficit.

The Company reported a net loss of $14,872,535 for the three
months ended June 30, 2010, from a net loss of $3,713,273 for the
same period in 2009.  It reported a net loss of $16,943,810 for
the nine months ended June 30, 2010, from a net loss of $7,584,799
for the same period in 2009.

Total revenue from wireless applications was $131,451 for the
three months ended June 30, 2010, from $133,866 for the same
period in 2009.  Total revenue was $265,546 for the nine months
ended June 30, 2010, from $775,760 for the same period in 2009.

A full-text copy of the Company's Form 10-Q report is available at
no charge at http://ResearchArchives.com/t/s?6a2d

Based in Encinitas, California, Single Touch Systems Inc.,
initially developed software applications utilized by end users in
downloading images, ringtones, games, and other content into their
cell phones and other wireless communication devices.  The Company
has transitioned to a transaction based revenue model facilitating
mobile commerce and advertising using software based services.
The Company generates revenue from each voice call, data
transmission, advertisement and mobile payment transaction its
services enable.


SK HAND TOOL: Seeks Approval of $3.5 Mil. Assets Sale With Ideal
----------------------------------------------------------------
Lorene Yue at Chicago Business reports that SK Hand Tool Assets is
seeking approval to sell certain assets to Ideal Industries Inc.
for $3.5 million.  Ideal Industries stated it will decide with 30
days whether to make SK Hand products after the closing of the
sale.  A full-text copy of the Assets Purchase Agreement is
available for free at http://bankrupt.com/misc/SK_HAND_apa.pdf

SK Hand Tool Corporation was founded in Chicago in 1921 as a
manufacturer of hand tools and power tools, which it distributes
through independent dealers.  It has manufacturing facilities in
Chicago and Defiance, Ohio, although Defiance is currently not
operating.

SK Hand filed for Chapter 11 protection on June 29, 2010 (Bankr.
N.D. Ill. Case No. 10-28882).  Colleen E. McManus, Esq., and Kurt
M. Carlson, Esq., at Much Shelist, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $10 million to $50 million.


SNOQUALMIE ENTERTAINMENT: Moody's Keeps 'Caa3' Corp. Family Rating
------------------------------------------------------------------
Moody's Investors Service changed Snoqualmie Entertainment
Authority's rating outlook to stable from negative following the
recent improvement in its operating performance.  The Authority's
ratings, including its Caa3 Corporate Family Rating, remain
unchanged.

The revision of rating outlook to stable incorporates Snoqualmie
Casino's improved operating trend in the first six months of 2010
and Moody's expectation that the operating performance would
likely continue to stabilize in the near term.  Moody's believes
that the improvement in the Authority's operating performance in
the first half could be attributed to its more focused and
effective marketing program, aided by the moderated unemployment
rate in the Seattle metro area as well as a less inclement weather
condition in the first quarter of this year as compared to the
prior year.

Despite the aforesaid positive trends, the run-rate revenue and
EBITDA remained well below Authority's original plan.  Further,
the Caa3 CFR continues to reflect the uncertainty surrounding the
Authority's capital structure, given the high leverage and risk of
potential covenant violations.  Particularly, Snoqualmie may face
a possible covenant violation when the financial covenants under
the FF&E (Furniture, Furnishing & Equipment) loan credit agreement
are reset to their original levels in the fourth quarter 2010,
should a further amendment/waiver not be obtained on time.  The
rating upside is limited at this time until Snoqualmie has
addressed Moody's concern on its capital structure.

Rating announcement is:

Outlook revised to stable from negative

These ratings were unchanged:

  -- Corporate Family Rating at Caa3

  -- Probability of Default Rating at Caa3

  -- $130 million floating rate senior notes due 2014 at Caa3
     (LGD3, 46%)

  -- $200 million 9.125% senior notes due 2015 at Caa3 (LGD3, 46%)

The last rating action was on December 21, 2009, when Moody's
downgraded Snoqualmie's all ratings to Caa3 from Caa1.

Snoqualmie is an unincorporated instrumentality of the Snoqualmie
Indian Tribe, formed in September 2006 to develop and operate all
gaming and related businesses of the Tribe, including Snoqualmie
Casino.  Snoqualmie Casino is located 26 miles east of downtown
Seattle, Washington.


SONOMA VALLEY: Reports $2.23MM Net Income for Second Quarter
------------------------------------------------------------
Sonoma Valley Bancorp filed its quarterly report on Form 10-Q,
reporting net income of $2.23 million for the three months ended
June 30, 2010, from a $1.48 million net loss in the same period
last year.

The Company's balance sheet at June 30, 2010, showed $337.18
million in total assets, $318.95 million of total liabilities, and
$18.23 million in stockholders' equity.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6a17

                About Sonoma Valley Bancorp.

Sonoma Valley Bancorp (OTC:SBNK) is a holding company.  The
Company operated through its wholly owned subsidiary, Sonoma
Valley Bank.

Sonoma Valley Bank of Sonoma, Calif., was closed August 20, 2010,
by the California Department of Financial Institutions, which
appointed the Federal Deposit Insurance Corporation as receiver.
To protect the depositors, the FDIC entered into a purchase and
assumption agreement with Westamerica Bank of San Rafael, Calif.,
to assume all of the deposits of Sonoma Valley Bank.


SOUTH BAY: Asks for Access to Cash Collateral Until Jan. 31
-----------------------------------------------------------
South Bay Expressway, L.P., and California Transportation
Ventures, Inc., ask the United States Bankruptcy Court for the
Southern District of California to:

  (a) extend the final order authorizing the use of cash
      collateral to and including January 31, 2011; and

  (b) approve a new budget covering the period commencing on and
      after October 1, 2010, and continuing through January 31,
      2011.

On April 26, 2010, the Court entered the Final Order, which
provides for, among other things, the Debtors' use of Cash
Collateral until September 30, 2010.  However, the Debtors may
extend the use of Cash Collateral beyond September 30, 2010, with
the consent of the Secured Financing Parties, which comprise of
Banco Bilbao Vizcaya Argentaria, S.A., DEPFA Bank plc, Wells Fargo
Bank, N.A., and the United States Department of Transportation,
acting by and through the Federal Highway Administrator.

R. Alexander Pilmer, Esq., at Kirkland & Ellis LLP, in Los
Angeles, California, tells Judge Adler that the Secured Financing
Parties have consented to an extension of the Debtors' use of Cash
Collateral through and including January 31, 2011.  Nevertheless,
he notes, approval of the New Budget requires either consent from
the Official Committee of Unsecured Creditors or Court approval.
He discloses that the Debtors are engaged in discussions with the
Creditors Committee to obtain approval of the New Budget.

In exchange for the continued use of Cash Collateral, the Debtors
will continue to abide by the terms of the Final Order, including
making monthly adequate protection payments, Mr. Pilmer asserts.
The Debtors believe that the Adequate Protection Payments remain
appropriate, and hence, their continued use of Cash Collateral
under the terms of the Final Order is fair and reasonable and
sufficient to satisfy the requirements of Sections 363(c)(2) and
363(e) of the Bankruptcy Code.

The Debtors continue to progress towards successfully exiting
Chapter 11 by, among other things, engaging with creditors and key
constituencies on forming a plan of reorganization, Mr. Pilmer
relates.  He points out that without the continued use of the Cash
Collateral, the Debtors will have no ability to operate their
business, thereby causing immediate and irreparable harm to the
bankruptcy estates.

The Debtors' ability to finance their operations and the
availability to the Debtors of sufficient working capital and
liquidity through the continued use of Cash Collateral is vital to
the preservation and maintenance of the going-concern value and
other values of the estates, Mr. Pilmer further contends.  He adds
that the New Budget is appropriate because it strikes a balance
between preserving and maximizing the value of the Debtors' assets
and ensuring the Debtors' continued access to Cash Collateral to
operate the business in the ordinary course.

In his declaration in support of the request, Anthony G. Evans
says that authorizing the Debtors to continue to use Cash
Collateral pursuant to the New Budget is essential to maintaining
their ongoing business operations and preserving the value of
their assets.  Mr. Evans is the Debtors' chief financial officer.

A copy of the New Budget is available for free at:

       http://bankrupt.com/misc/SBX_New_Budget_08232010.pdf

The Court will convene a hearing on September 23, 2010, to
consider the request.

                   About South Bay Expressway

South Bay Expressway, L.P., dba San Diego Expressway, L.P., filed
for Chapter 11 on March 22, 2010 (Bankr. S.D. Calif. Case No.
10-04516).  Its affiliate, California Transportation Ventures
Inc., also filed for bankruptcy.

The Debtors developed and operate a four lane, nine mile express
toll road in Southern California commonly referred to as the South
Bay Expressway or State Road 125.  Both estimated assets and debts
of $500 million to $1 billion in their bankruptcy petitions.

Robert Pilmer, Esq., at Kirkland & Ellis LLP, represents the
Debtors in their restructuring effort.  PricewaterhouseCoopers LLP
is auditor and tax advisor.  Imperial Capital LLC is financial
advisor. Epiq Bankruptcy Solutions LLC serves as claims and notice
agent.

The Debtors say that as of the bankruptcy filing, they have
roughly $640 million in book value of total assets and roughly
$570 million in book value of total liabilities.

Bankruptcy Creditors' Service, Inc., publishes South Bay
Expressway Bankruptcy News.  The newsletter tracks the Chapter 11
proceeding undertaken by South Bay Expressway LP and California
Transportation Ventures Inc.  (http://bankrupt.com/newsstand/or
215/945-7000).


SOUTH BAY: Proposes Incentive Program for 4 Key Employees
---------------------------------------------------------
South Bay Expressway, L.P., and California Transportation
Ventures, Inc., seek the U.S. Bankruptcy Court's authority, but
not direction, to implement a proposed key employee incentive
program for four members of the Debtors' senior management, two of
whom are "insiders" as defined under Section 101(31) of the
Bankruptcy Code and two of whom the Debtors believe are not
insiders as defined under Section 101(31).

The Incentive Program contemplates performance incentive payments
to:

  (1) Greg Hulsizer, chief executive officer;
  (2) Anthony Evans, chief financial officer;
  (3) Theresa Weeks, chief accounting officer; and
  (4) Shane Savgur, chief technology officer.

Under no circumstances will the total incentive payments due to
any of the Key Employees in a calendar year exceed 100% of his or
her base salary, R. Alexander Pilmer, Esq., at Kirkland & Ellis
LLP, in Los Angeles, California, tells the Court.

Performance incentive payments will be based on performance of the
Debtors, as measured by (i) the 2010 operating budget approved by
the Debtors' board of directors and senior secured lenders, (ii)
the project completion budget approved by the Board and the
Secured Financing Parties, and (iii) the timing of the Debtors'
emergence from Chapter 11 protection.

The calculations of the bonuses under the Incentive Program based
on the three Performance Metrics are:

I. Performance Metric No. 1: Operating Cash Flows

  Relevant parties: Greg Hulsizer, Anthony Evans, Theresa Weeks,
                    and Shane Savgur

This provides opportunities for cash awards to each of the Key
Employees based upon a comparison of the Debtors' earnings or
"Actual EBITDA" and the budgeted EBITDA shown in the Budget.
If Actual EBITDA and Budgeted EBITDA are the same, each Key
Employee will receive a cash award at the "target" rate,
calculated as a percentage of annual base salary:

                      Target Bonus as     Target Bonus as
  Key Employee       % of Base Salary      as Cash Amount
  ------------       ----------------      --------------
  Greg Hulsizer             50%                  $137,500
  Anthony Evans             50%                   120,000
  Theresa Weekes            40%                    55,600
  Shane Savgur              40%                    55,600
                                                ---------
               Target Bonus Pool                 $368,700

Each Key Employee's maximum bonus under Performance Metric No. 1
will be equal to 150% of his or her Target Bonus.  If actual
EBITDA is less than 90% of Budgeted EBITDA, no incentive payments
will be made.

                                 Maximum
     Key Employee              Cash Award
     ------------              ----------
     Greg Hulsizer               $206,250
     Anthony Evans                180,000
     Theresa Weekes                83,400
     Shane Savgur                  83,400
                               ----------
                 Total           $553,050

II. Performance Metric No. 2: Project Completion Cost

   Relevant parties: Greg Hulsizer and Anthony Evans

This provides for annual cash awards to the Debtors' CEO and CFO
if outstanding capital expenditures and completion obligations
under the Project Completion Budget are completed in a timely and
cost-effective manner, meaning below budgeted cost.  The pool for
cash awards under this metric will equal 15% of the net cost
savings.  The Cost Savings will be the cumulative net total of the
permanent cost savings and permanent cost increases calculated by
looking at the work completed on each individual project.
Expenditures deferred beyond 2010 will not constitute permanent
savings and will not be included in the bonus calculation.  The
Cost Savings will be determined by the Board, subject to
concurrence by the Secured Financing Parties' technical advisor,
which will not be unreasonably withheld or delayed.

The allocation of the bonus pool is:

                Project Completion Cost Savings
                       Payout Allocation
                -------------------------------
                   Greg Hulsizer    |    50%
                   Anthony Evans    |    50%

If project completion costs exceed the Project Completion Budget,
neither the CEO nor the CFO will receive a cash award on the basis
of this metric.

III. Performance Metric No. 3: Emergence

    Relevant parties: Greg Hulsizer and Anthony Evans

This provides that the Debtors' CEO and CFO will be eligible for
cash awards based on how quickly the Debtors emerge from Chapter
11 protection after the entry of an order by the Court determining
the lien priority between the Secured Financing Parties and the
mechanics lien claimants.  Cash awards will be calculated as a
percentage of base salary:

      Emergence after
        Resolution of                 Cash Award
     Priority Dispute            as % of Base Salary
     ----------------            -------------------
     Within 90 days                      50%
     Within 135 days                     25%
     Within 180 days                     10%

     Maximum Total Awards: $257,500

The CEO and CFO will receive cash bonuses under the third metric
only if the Debtors are able to formulate a plan of
reorganization, solicit votes sufficient for confirmation, and
substantially consummate the plan within six months of the Court
entering an order determining the lien priority dispute.
Accordingly, the third metric is not merely a reward for continued
employment with the Debtors through emergence from Chapter 11.

R. Alexander Pilmer, Esq., at Kirkland & Ellis LLP, in Los
Angeles, California, contends that the Incentive Program, which
will cost the Debtors' bankruptcy estates a maximum of $681,800,
provides for the payment of performance-based cash bonuses that
are commensurate with market practice; is cost-effective; and has
been carefully tailored to ensure that the Key Employees remain
focused on financial, operational and restructuring goals that
will directly benefit the estates and their creditors.

Beginning well before the Petition Date, the Debtors have relied
and continue to rely on the Key Employees to discharge significant
responsibilities related to the cases in addition to their regular
duties, Mr. Pilmer tells Judge Louise DeCarl Adler.  At the same
time, he asserts, the Key Employees have seen their compensation
suffer as a result of the cases and face uncertainty regarding
employment upon the Debtors' emergence from Chapter 11.

In the past and immediately prior to the Petition Date, the
Debtors provided the Key Employees with opportunities to earn cash
bonuses upon achieving budgeted financial goals, which have
motivated the Key Employees to perform at a superlative level and
increase the value of the Debtors' business, Mr. Pilmer says.  He
adds, among other things, that the Incentive Program aligns the
interests of the Key Employees with the interests of the Debtors
and the Debtors' stakeholders by rewarding the Key Employees'
accomplishment of financial and bankruptcy-related milestones that
directly increase the value of the estates.

Judge Adler will convene a hearing on September 23, 2010, to
consider the request.

                   About South Bay Expressway

South Bay Expressway, L.P., dba San Diego Expressway, L.P., filed
for Chapter 11 on March 22, 2010 (Bankr. S.D. Calif. Case No.
10-04516).  Its affiliate, California Transportation Ventures
Inc., also filed for bankruptcy.

The Debtors developed and operate a four lane, nine mile express
toll road in Southern California commonly referred to as the South
Bay Expressway or State Road 125.  Both estimated assets and debts
of $500 million to $1 billion in their bankruptcy petitions.

Robert Pilmer, Esq., at Kirkland & Ellis LLP, represents the
Debtors in their restructuring effort.  PricewaterhouseCoopers LLP
is auditor and tax advisor.  Imperial Capital LLC is financial
advisor. Epiq Bankruptcy Solutions LLC serves as claims and notice
agent.

The Debtors say that as of the bankruptcy filing, they have
roughly $640 million in book value of total assets and roughly
$570 million in book value of total liabilities.

Bankruptcy Creditors' Service, Inc., publishes South Bay
Expressway Bankruptcy News.  The newsletter tracks the Chapter 11
proceeding undertaken by South Bay Expressway LP and California
Transportation Ventures Inc.  (http://bankrupt.com/newsstand/or
215/945-7000).


SOUTH BAY: Wants Feb. 15 Extension for Removal Period
-----------------------------------------------------
South Bay Expressway, L.P., and California Transportation
Ventures, Inc., ask the U.S. Bankruptcy Court to extend to
February 15, 2011, their deadline for filing notices of removal of
civil actions pending as of the Petition Date, without prejudice
to their right to seek further extensions.

The current Removal Period will expire on October 18, 2010.
Anthony G. Evans, the Debtors' chief financial officer, filed a
declaration in support of the request.

R. Alexander Pilmer, Esq., at Kirkland & Ellis LLP, in Los
Angeles, California, relates that the Debtors are involved in a
variety of Civil Actions in California, Virginia and New York that
stem from the construction and operation of the Expressway.  He
asserts that for the Debtors, the determination of whether to seek
removal of any particular Civil Action will require the analysis
of a number of factors, including the importance of the Civil
Action to the expeditious resolution of the Chapter 11 cases.

Mr. Pilmer contends that at this stage of the cases, the Debtors
have not had an opportunity to determine conclusively which Civil
Actions they will seek to remove and instead have been focused on
activities that are critically important to their reorganization,
including, among other things, negotiating the structure for a
consensual plan of reorganization and litigating the mechanics
lien dispute with Otay River Constructors and InTranS Group, Inc.

The outcome of the mechanics lien dispute may negate the need to
remove Civil Actions relating to the Contractors to the extent the
Court determines that the Contractors have no liens on the
Debtors' property or the liens are subordinate to the secured
lenders' liens, Mr. Pilmer tells Judge Adler.  Importantly, he
adds, parties to the Civil Actions will not be unduly prejudiced
by the extension requested because those parties will retain their
rights under Section 1452 (b) of the Judicial and Judiciary
Procedures Code to have the Civil Actions remanded.

A hearing will be held on September 23, 2010, to consider the
request.

                   About South Bay Expressway

South Bay Expressway, L.P., dba San Diego Expressway, L.P., filed
for Chapter 11 on March 22, 2010 (Bankr. S.D. Calif. Case No.
10-04516).  Its affiliate, California Transportation Ventures
Inc., also filed for bankruptcy.

The Debtors developed and operate a four lane, nine mile express
toll road in Southern California commonly referred to as the South
Bay Expressway or State Road 125.  Both estimated assets and debts
of $500 million to $1 billion in their bankruptcy petitions.

Robert Pilmer, Esq., at Kirkland & Ellis LLP, represents the
Debtors in their restructuring effort.  PricewaterhouseCoopers LLP
is auditor and tax advisor.  Imperial Capital LLC is financial
advisor. Epiq Bankruptcy Solutions LLC serves as claims and notice
agent.

The Debtors say that as of the bankruptcy filing, they have
roughly $640 million in book value of total assets and roughly
$570 million in book value of total liabilities.

Bankruptcy Creditors' Service, Inc., publishes South Bay
Expressway Bankruptcy News.  The newsletter tracks the Chapter 11
proceeding undertaken by South Bay Expressway LP and California
Transportation Ventures Inc.  (http://bankrupt.com/newsstand/or
215/945-7000).


SPHERIS INC: Ch. 11 Liquidation Plan Confirmed
-----------------------------------------------
Bankruptcy Law360 reports that Judge Kevin Gross of the U.S.
Bankruptcy Court for the District of Delaware signed off on the
Chapter 11 liquidation plan of defunct medical documentation
technology company Spheris Inc. Thursday after the debtors
resolved Internal Revenue Service objections.

                         About Spheris Inc.

Headquartered in Franklin, Tennessee, Spheris Inc. --
http://www.spheris.com/-- is a global provider of clinical
documentation technology and services.

Spheris Inc., along with five affiliates, filed for Chapter 11 on
Feb. 3, 2010 (Bankr. D. Del. Case No. 10-10352).  Attorneys at
Young Conaway Stargatt & Taylor, LLP, and Willkie Farr & Gallagher
LLP represent the Debtors in their Chapter 11 effort.  Jefferies &
Company serves as financial advisors to the Debtors.  Attorneys at
Schulte Roth & Zabel LLP and Landis Rath & Cobb LLP serve as
counsel to the prepetition and DIP lenders.  Garden City Group
Inc. is claims and notice agent.  The petition says that assets
range from $50 million to $100 million while debts range from
$100 million to $500 million.

The estate of Spheris Inc. is now formally named SP Wind Down Inc.
after it sold the business in April.  CBay Inc.'s MedQuist Inc.
purchased the domestic business of Spheris for $98.8 million.


ST. JAMES MECHANICAL: Creditor's Excusable Neglect Argument Fails
-----------------------------------------------------------------
WestLaw reports that a creditor that acknowledged receiving
adequate notice of the debtor's Chapter 11 filing and of the
claims bar date, and that had been an active participant
throughout the debtor's bankruptcy, was not entitled to file an
untimely, postconfirmation proof of claim on an "excusable
neglect" theory.  As a result of the plan confirmation order, the
creditor no longer had a prepetition claim for which it could file
a proof of claim, but only the contractual rights granted to it
under the plan.  A bankruptcy judge in New York also rejected the
creditor's argument that a Notice of Appointment filed by the
Office of the United States Trustee, indicating that the creditor
was a member of the official creditors' committee, qualified as an
"informal proof of claim."  There was nothing in this Notice
evidencing an intent on part of the creditor to hold the estate
liable.  In re St. James Mechanical, Inc., --- B.R. ----, 2010 WL
3212039 (Bankr. E.D.N.Y.) (Grossman, J.!).

St. James Mechanical, Inc., located in Brentwood, N.Y., sought
chapter 11 protection (Bankr. E.D.N.Y. Case No. 09-70124) on Jan.
9, 2009.  Avrum J. Rosen, Esq. -- ajrlaw@aol.com -- and Fred S.
Kantrow, Esq. -- fkantrow@avrumrosenlaw.com -- at The Law Offices
of Avrum J. Rosen, PLLC, in Huntington, N.Y., represent the
Debtor.  The Debtor disclosed $1,339,735 in assets and $1,892,608
in liabilities at the time of the filing.

The Bankruptcy Court confirmed the Debtor's Second Amended Plan of
Reorganization on May 17, 2010, returning about 75 cents-on-the-
dollar to unsecured creditors.  If ITT Sheraton Corporation, the
creditor seeking to file a tardy proof of claim, had been
successful, its claim would have diluted other unsecured
creditors' recoveries to about 22 cents-on-the-dollar.  ITT's
claim relates to a $1 million settlement in connection with a
worker's injury when the Debtor was installing air conditioning
equipment at ITT's New York Sheraton Hotel.

The Honorable Robert E. Grossman makes it clear that while ITT
Sheraton's excusable neglect argument fails, and it will not be
allowed to file a tardy proof of claim against the Debtor,
Arrowood Indemnity Company, the Debtor's general liability
carrier, is mistaken in its belief that the bankruptcy court's
confirmation of the debtor's chapter 11 plan terminated
everybody's rights to make a claim against an insurance policy
that is the subject of a declaratory action pending before the New
York Supreme Court in Suffolk County.


STATES INDUSTRIES: Files for Chapter 11 in Portland
---------------------------------------------------
States Industries Inc., filed for Chapter 11 on August 24 in
Eugene, Oregon (Bankr. D. Ore. Case No. 10-65148).

States Industries produces wood paneling in Eugene, Oregon.  It
owes $15.5 million to secured lender Renwood States Lending LLC.
Renwood is offering to provide $1.5 million in financing for the
reorganization effort.  States Industries listed assets of $20.6
million and debt of $28.5 million.


STATMON TECHNOLOGIES: Earns $1.2 Million in June 30 Quarter
-----------------------------------------------------------
Statmon Technologies Corp. filed its quarterly report on Form
10-Q, reporting net income of $1.19 million on $1.16 million of
revenue for the three months ended June 30, 2010, compared with a
net loss of $3.57 million on $530,692 of revenue for the three
months ended June 30, 2009.

The Company had operating income of $173,228 for the three months
ended June 30, 2010, compared to an operating loss of $573,138 for
the three months ended June 30, 2009.

Other income was $1.02 million for the three months ended June 30,
2010, compared to other expense of $2.99 million for the three
months ended June 30, 2009.

The Company's balance sheet as of June 30, 2010, showed
$1.37 million in total assets, $10.25 million in total
liabilities, and a stockholders' deficit of $8.88 million.

The Company has incurred net losses of $27.09 million since
inception.  Additionally, the Company had a net working capital
deficiency of $8.96 million at June 30, 2010.

As of June 30, 2010, the Company has $2.49 million of Convertible
Debentures due before June 30, 2011, of which $1.12 million became
due on May 31, 2010, and $648,000 became due on June 30, 2010.
Subsequent to June 30, 2010, $562,500 was paid to the holders of
the debentures that became due on May 31, 2010.  The Company is
currently in negotiations to extend the due date or to obtain
additional financing to settle the outstanding debentures.  The
Company also has $1.10 million in unsecured notes payable that are
in default and has accrued payroll tax obligations of
$2.11 million including penalties and interest.

"These conditions raise substantial doubt about the Company's
ability to continue as a going concern."

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a1e

                    About Statmon Technologies

Bannockburn, Ill.-based Statmon Technologies Corp. Statmon
Technologies Corp. is a wireless and fiber infrastructure network
management solution provider.


STRATUS MEDIA: Posts $1.8 Million Net Loss in June 30 Quarter
-------------------------------------------------------------
Stratus Media Group, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $1.8 million for the three months
ended June 30, 2010, compared with a net loss of $709,803 for the
same period of 2009.  There were no revenues in the current period
or the prior period.

The Company's balance sheet as of June 30, 2010, showed
$6.0 million in total assets, $4.4 million in total liabilities,
and stockholders' equity of $1.6 million.

As reported in the Troubled Company Reporter on April 21, 2010,
Goldman Parks Kurland Mohidin LLP, in Encino, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern, following its 2009 results.  The independent
auditors noted that the Company has suffered recurring losses and
has negative cash flow from operations.

In its latest 10-Q, the Company discloses that without additional
capital, it may not be able to meet its current obligations.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a25

Based in Los Angeles, Stratus Media Group, Inc. (OTC BB: SMDI)
-- http://www.stratusmediagroup.com/-- specializes in sports and
entertainment events that it owns, and intends to operate, manage,
market and sell in national markets.  In addition, Stratus
acquired the business of Stratus Rewards, LLC in August 2005.
Stratus Rewards is a credit card rewards marketing program that
uses the Visa card platform that offers a unique luxury rewards
redemption program, including private jet travel, premium travel
opportunities, exclusive events and luxury merchandise.


TIGRENT INC: Reports $8.2 Million Net Income in June 30 Quarter
---------------------------------------------------------------
Tigrent Inc. filed its quarterly report on Form 10-Q, reporting
net income of $8.2 million on $36.2 million of revenue for the
three months ended June 30, 2010, compared with a net loss of
$7.4 million on $29.1 million of revenue for the same period of
2009.

The Company's balance sheet as of June 30, 2010, showed
$43.8 million in total assets, $80.7 million in total liabilities,
and a stockholders' deficit of $36.9 million.

The Company said in the Form 10-Q, "We have continued to
experience a decline in sales of both Proprietary brands and the
RDE brands in the second quarter of 2010.  During the first six
months of 2010, we reduced our event schedule and focused
primarily on events that we believed to have higher potential for
profitability.  The reduction in events, and the related decline
in marketing expenditures, resulted in a decrease in registrants
for product and services related to all of the brands we offer of
approximately 17.5%.  The percentage of customers who attended our
workshops and purchased our basic training courses in the first
six months of 2010 was approximately 19%, which is flat as a
percentage, but generated lower dollars per head as compared with
the same period last year.  We believe that, while there is still
consumer interest in our brand offerings, a combination of
deteriorating demand for live seminar events, product fatigue, our
price points and the economic environment will continue to have
significant impact on our total sales and profitability."

Management has evaluated whether we have sufficient liquidity to
fund the Company's working capital needs through December 31,
2010.  In its analysis, management analyzed projected sales and
expenses and considered the scalability of the Company's business
expenses relative to the size of its revenues.  Significant
efforts to control costs through reductions in staff and other
cost-cutting measures, as well as potential additional cash flow
received upon its continued efforts to sell our non-core assets,
were taken into consideration.   However, the Company continues to
incur a negative cash flow (totaling $5.9 million for the period
ending June 30, 2010) due to the on-going challenges with sales of
our products.  "We have insufficient working capital to meet
operating needs, raising substantial doubt about the ability of
the Company to continue as a going concern."

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a42

                        About Tigrent Inc.

Cape Coral, Fla.-based Tigrent Inc. (OTC BB: TIGE)
-- http://www.tigrent.com/-- is a provider of practical, high-
quality and value-based training, conferences, publications,
technology-based tools and mentoring to help customers become
financially literate. The Company provides customers with
comprehensive instruction and mentoring in the topics of real
estate and financial instruments investing and entrepreneurship in
the United States, the United Kingdom, and Canada.


TRANSAX INTERNATIONAL: Incurs $975,500 Net Loss in June 30 Quarter
------------------------------------------------------------------
Transax International Limited filed its quarterly report on Form
10-Q, reporting a net loss of $975,480 on $1.0 million of revenue
for the three months ended June 30, 2010, compared with a net
loss of $3.4 million on $1.1 million of revenue for the same
period of 2009.

The Company has incurred cumulative net losses of $18.6 million
since inception, and has a working capital deficit of $7.2 million
at June 30, 2010.

The Company's balance sheet as of June 30, 2010, showed
$1.1 million in assets, $9.8 million in total liabilities, and a
stockholders' deficit of $8.7 million.

As reported in the Troubled Company Reporter on April 21, 2010,
MSPC Certified Public Accountants and Advisors, P.C., in New York,
expressed substantial doubt about the Company's ability to
continue as a going concern, following its 2009 results.  The
independent auditors noted that the Company has accumulated losses
from operations of $17.2 million, a working capital deficiency of
$6.2 million and a stockholders' deficiency of $7.4 million at
December 31, 2009.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?69f9

                   About Transax International

Transax International Limited -- http://www.transax.com/--
primarily through its 55% owned subsidiary, Medlink Conectividade
em Saude Ltda is an international provider of information network
solutions specifically designed for healthcare providers and
health insurance companies.  The Company's MedLink Solution
enables the real time automation of routine patient eligibility,
verification, authorizations, claims processing and payment
functions.  The Company has offices located in Plantation, Florida
and Rio de Janeiro, Brazil.  The Company currently trades on the
OTC Pink Sheet market under the symbol "TNSX" and the Frankfurt
and Berlin Stock Exchanges under the symbol "TX6".


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 62.83 cents-on-the-
dollar during the week ended Friday, August 27, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 1.79 percentage
points from the previous week, The Journal relates.  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 216 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 December 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 December 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)


UTE MESA: Files Schedules of Assets & Liabilities
-------------------------------------------------
Ute Mesa Lot 1, LLC, has 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                   $10,000,000
B. Personal Property                   $17,983
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                      $353,048
E. Creditors Holding
   Unsecured Priority
   Claims                                                    $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                           $11,279,976
                                   -----------      -----------
      TOTAL                        $10,017,983      $11,633,024

Denver, Colorado-based Ute Mesa Lot 1, LLC, filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. D. Colo. Case No.
10-30620).  Duncan E. Barber, Esq., at Bieging Shapiro & Burrus
LLP, assists the Debtor in its restructuring effort.


UTE MESA: Section 341(a) Meeting Scheduled for Sept. 20
-------------------------------------------------------
The U.S. Trustee for Region 19 will convene a meeting of Ute Mesa
Lot 1, LLC's creditors on September 20, 2010, at 1:00 p.m.  The
meeting will be held at U.S. Custom House, 721 19th St., Room 106,
Denver, CO 80202.

This is the first meeting of creditors required under Section
341(a) of the U.S. Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend. This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Denver, Colorado-based Ute Mesa Lot 1, LLC, filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. D. Colo. Case No.
10-30620).  Duncan E. Barber, Esq., at Bieging Shapiro & Burrus
LLP, assists the Debtor in its restructuring effort.  In its
schedules, the Debtor disclosed $10,017,982 in total assets and
$11,633,024 in total liabilities.


UTE MESA: Taps Bieging Shapiro as Bankruptcy Counsel
----------------------------------------------------
Ute Mesa Lot 1, LLC, asks for authorization from the U.S.
Bankruptcy Court for the District of Colorado to employ Bieging
Shapiro & Burrus, LLP, as bankruptcy counsel, nunc pro tunc to
August 13, 2010.

Bieging Shapiro will, among other thinsg:

     a. aid the Debtor in the development of a plan or
        reorganization under Chapter 11;

     b. file petitions, schedules, pleadings, reports, and actions
        which may be required in the continued administration of
        the Debtor's property under Chapter 11 and in the course
        of the Debtor's Chapter 11 proceedings;

     c. analyze claims and causes of action of the Debtor and to
        object to claims and commence and prosecute adversary
        proceedings as necessary in the administration of the
        Debtor's bankruptcy case; and

     d. perform any and all other legal services for the Debtor
        which may be necessary herein or in connection with the
        case or any proceeding herein or in the administration
        hereof.

Bieging Shapiro will be paid based on the hourly rates of its
personnel:

        Duncan E. Barber                  $350
        Steven T. Mulligan                $285
        Attorneys                      $200-$325
        Paralegals                     $50-$145

Duncan E. Barber, Esq., a partner at Bieging Shapiro, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Denver, Colorado-based Ute Mesa Lot 1, LLC, filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. D. Colo. Case No.
10-30620).  Duncan E. Barber, Esq., at Bieging Shapiro & Burrus
LLP, assists the Debtor in its restructuring effort.  In its
schedules, the Debtor disclosed $10,017,982 in total assets and
$11,633,024 in total liabilities.


UNITED ENERGY: Posts $59,383 Net Loss in June 30 Quarter
--------------------------------------------------------
United Energy Corp. filed its quarterly report on Form 10-Q,
reporting a net loss of $59,383 on $443,505 revenues for the three
months ended June 30, 2010, compared with a net loss of $181,853
on $394,004 revenues for the same period a year ago.

The Company's balance sheet at June 30, 2010, showed $1.06 million
in total assets, $1.08 million in total current liabilities, and a
$20,878 stockholders' deficit.

As reported in the TCR on July 20, 2010, Jewett, Schwartz, Wolfe &
Associates, in Hollywood, Fla., expressed substantial doubt about
the Company's ability to continue as a going concern following the
Company's financial results for the fiscal year ended March 31,
2010.  The independent auditors noted that the Company has
operating and liquidity concerns, and has incurred net losses of
$23,546,072 as of March 31, 2010.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6a16

United Energy Corp. -- http://www.unitedenergycorp.net/--
develops and distributes environmentally friendly specialty
chemical products with applications in several industries and
markets.

Through its wholly owned subsidiary, Green Globe Industries, Inc.,
the Company provides the U.S. military with a variety of solvents,
paint strippers and cleaners under its trade name "Qualchem."  The
Company is headquartered in Secaucus, New Jersey.


VEBLEN EAST: U.S. Trustee Forms Three-Member Creditors Committee
----------------------------------------------------------------
Habbo G. Fokkena, U.S. Trustee for Region 12, appointed three
members to the official committee of unsecured creditors in the
Chapter 11 cases of Veblen East Dairy Limited Partnership.

The Creditors Committee members are:

1. Stockmen's Supply, Inc.
   Attn: Robert Jameson*
   802 West Main Avenue
   West Fargo, ND 58078
   Tel: (701) 297-4502
   Cell: (701) 361-3255

2. Farmer's Elevator, Inc.
   Attn: Jeff Topp
   P.O. Box 7
   Grace City, ND 58445
   Tel: (701) 674-3144
        (701) 652-5156

3. Paul's Electric, Inc.
   Attn: Paul Dotzenrod
   P.O. Box 95
   Wyndmere, ND 58081
   Tel: (701) 439-2216
        (701) 640-0062

* acting chairperson pending selection by the Committee members of
  a permanent chairperson.

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 Veblen East

Veblen, South Dakota-based Veblen East Dairy Limited Partnership
filed for Chapter 11 bankruptcy protection on July 2, 2010 (Bankr.
D.S.D. Case No. 10-10146).  The Company estimated its assets and
debts at $50 million to $100 million.

The Company's affiliate, Veblen West Dairy, LLP, filed a separate
Chapter 11 petition on April 7, 2010 (Case No. 10-10071).


VISTEON CORP: Objects to Tower Automotive Claim
-----------------------------------------------
Visteon Corp. and its units dispute the validity of Claim No. 1876
filed by Tower Automotive, Inc. Unsecured Creditors Trust.

Tower filed a complaint against Visteon Corporation on Jan. 31,
2007, in the U.S. Bankruptcy Court for the Southern District of
New York.  After commencement of the Adversary Complaint, the TAI
Unsecured Creditors Trust substituted Tower as plaintiff in the
Complaint.

The TAI Trust filed a proof of claim on October 13, 2009,
alleging that it is entitled to recover $7,817,897 as avoidable
preferential transfers pursuant to Section 547(b) of the
Bankruptcy Code or in the alternative, as constructive fraudulent
transfers pursuant to Section 548 of the Bankruptcy Code.

By this objection, the Debtors ask Judge Sontchi disallow and
expunge the TAI Trust's proof of claim because the Trust is
unable to meet its burden of proof under Sections 547(b) and 548
of the Bankruptcy Code.

Moreover, the Debtors maintain that if the TAI Trust is able to
prove preferential transfers or constructive fraudulent transfers
were made, they have defenses which effectively reduce the amount
of the TAI Trust's claim to $0.

                        About Visteon Corp

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is an automotive supplier
that designs, engineers and manufactures innovative climate,
interior, electronic and lighting products for automakers.  The
Company has corporate offices in Van Buren Township, Michigan
(U.S.); Shanghai, China; and Kerpen, Germany.  It has facilities
in 27 countries and employs roughly 35,500 people.  The Company
disclosed assets of US$4,561,000,000 and debts of US$5,311,000,000
as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
effort.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

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


VISTEON CORP: Taps Korn/Ferry as Search Advisors
------------------------------------------------
Visteon Corp. and its units sought and obtained permission from
the Court to employ Korn/Ferry International, Inc., as advisors
nunc pro tunc to July 19, 2010.

The Debtors specifically sought the assistance of Korn/Ferry in
the process of identifying individuals to serve as members of
their board of directors upon their exit from Chapter 11.

The Rights Offering Sub Plan proposed by the Debtors provides
that the initial board of directors of reorganized Visteon will
consist of the individuals selected in accordance with a Board
Selection Term Sheet.  The process outlined in the Board
Selection Term Sheet was agreed upon by the Debtors and the
investors in connection with the execution of a related Equity
Commitment Agreement.  The Board Selection Term Sheet
contemplates the selection of a "Direct Pool" of potential
candidates and provides that the Debtors and the "Participating
Lead Investors" will jointly select an independent national
search firm to assist with the selection of potential candidates
for the Direct Pool.

The Board Selection Term Sheet further calls for a nine-member
Board, consisting of:

  (1) the current Chief Executive Officer of Visteon as chairman
      of the New Board;

  (2) two individuals designated by Visteon from the Director
      Pool, subject to the approval of the Majority Lead
      Investors; and

  (3) six individuals designated by the Majority Lead Investors.

The Debtors and the Participating Investors have conferred on the
selection of an independent national search firm and have
concluded that Korn/Ferry is best suited to provide the
specialized services required in selecting the Director Pool for
the New Board.

As search advisors, Korn/Ferry is expected:

  (a) identify qualified candidates based on defined criteria
      and competencies;

  (b) screen and interview candidates;

  (c) present the Debtors with information on the best-qualified
      candidates;

  (d) conduct reference checks on successful candidates;

  (e) facilitate offer negotiation; and

  (f) continue search services for the New Board until 100%
      successfully completed.

The Debtors aver that they selected Korn/Ferry because of the
firm's extensive experience in developing boards of directors and
its expertise in recruiting superior board members.

The Debtors paid Korn/Ferry a $250,000 retainer for the firm's
services.

Korn/Ferry will also receive a $250,000 performance bonus, which
will be linked to the successful and timely recruitment of
quality board of directors.

In addition, if more than five directors are confirmed from the
candidates recommended by Korn/Ferry, an additional recruitment
fee of $90,000 per additional director will be payable to
Korn/Ferry.

Korn/Ferry will also charge an administrative fee of 4% of the
total professional fees charges, due upon payment of all or any
portion of the performance bonus.

In any event, the maximum professional fees paid to Korn/Ferry
will be $600,000, regardless of the number of directors selected.

The Debtors will also reimburse Korn/Ferry for all direct, out-
of-pocket expenses the firm incurred or will incur.

Bradford B. Marion, senior client partner of Korn/Ferry, assures
the Court that his firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

In a certification of counsel, the Debtors inform the Court that
they received an informal response to the Korn/Ferry Application
from the Office of the U.S. Trustee, requesting that the proposed
order approving the Application be revised to address certain
concerns.  To resolve the U.S. Trustee's informal response, the
Debtors have agreed to modify the Original Proposed Order to
provide that Korn/Kerry is further required to maintain general,
daily records of the time spent by its professionals reflecting
the category and nature of the services provided and the number
of hours spent each day.

Moreover, Korn/Kerry may file monthly applications for
reimbursement of all reasonable, direct, out-of-pocket,
recruiting expenses the firm incurs on interim basis and may seek
final approval of those amounts in connection with its final fee
application.

                    B. Marion's Affidavit

In a supplemental affidavit submitted to the Court, Bradford B.
Marion, senior client partner of Korn/Ferry, relates that the
Debtors and Korn/Ferry have engaged in discussions with the
Office of the U.S. Trustee regarding certain questions about the
Application.

According to Mr. Marion, the professional fees set forth in the
Engagement Letter are intended to compensate Korn/Ferry for the
time and efforts of its consultants who will provide the Debtors
with executive search services.  Those fees do not reflect any of
the necessary services provided by Korn/Ferry's staff and
employees provided in support of the consultants on executive
search engagements.  However, the support services are required
to complete the executive search process for Visteon, Mr. Marion
says.  He avers that on a project with a tight timeline, like the
executive search Korn/Ferry is conducting for Visteon, those
administrative support efforts are considerable.

The Engagement Letter provides that Korn/Kerry will charge a 4%
administrative fee on the professional compensation earned on the
engagement, according to Mr. Marion.  The administrative fee will
be applied toward the administrative services associated with
performing an executive search for Visteon.

Mr. Marion clarifies that the administrative fee does not reflect
a mark-up on out-of-pocket expenses incurred by Korn/Ferry for
which Korn/Ferry is entitled to reimbursement under the terms of
the Engagement Letter.  Those out-of-pocket expenses will be
billed to Visteon at cost.

Korn/Ferry's standard administrative fee is 12%, and this rate is
consistent with industry practice, Mr. Marion insists.

Mr. Marion adds that in compliance with the request of the U.S.
Trustee, the Korn/Ferry consultants working on the Visteon
project will maintain a general, hourly accounting of the time
they spend on the Visteon project and will submit that accounting
to the U.S. Trustee in connection with Korn/Ferry's final fee
application.

                        About Visteon Corp

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is an automotive supplier
that designs, engineers and manufactures innovative climate,
interior, electronic and lighting products for automakers.  The
Company has corporate offices in Van Buren Township, Michigan
(U.S.); Shanghai, China; and Kerpen, Germany.  It has facilities
in 27 countries and employs roughly 35,500 people.  The Company
disclosed assets of US$4,561,000,000 and debts of US$5,311,000,000
as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
effort.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

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


VISTEON CORP: Terminates ACH Employee Leasing Pacts
---------------------------------------------------
Visteon Corp. and its units sought and obtained a Court ruling
authorizing:

  (a) Visteon Corporation and Visteon Global Technologies, Inc.,
      to enter into a termination agreement with Automotive
      Components Holdings, LLC, and Ford Motor Company, dated as
      of July 26, 2010, pursuant to which Visteon and ACH will
      terminate certain agreements governing the lease of
      employees and the provision of services to ACH and
      facilitate the transition of those leased employees to
      ACH; and

  (b) Visteon Corp. and VGTI to assume an intellectual property
      contribution agreement, by and among Visteon, VGTI,
      Automotive Components Holdings, Inc., and ACH LLC, dated
      as of October 1, 2005, as amended, under which certain
      intellectual property rights are licensed between Visteon
      Corp. and VGTI on the one hand, and ACH on the other hand.

                 The Employee Leasing Agreements

Visteon Corp. was originally incorporated in January 2000 as a
wholly owned subsidiary of Ford.  Visteon was spun off from Ford
in June 2000, and its common stock was distributed to Ford's
shareholders.  By 2005, Visteon negotiated with Ford regarding
the acquisition of some of the assets spun off to Visteon.  As a
result of those negotiations, in September 2005, Visteon entered
into a number of restructuring transactions pursuant to which it
transferred 23 of its North American facilities and certain other
related assets and liabilities to ACH, an indirect, wholly owned
subsidiary of Visteon at the time.  Visteon subsequently sold the
stock in ACH's parent company -- ACH, Inc. -- to Ford in exchange
for $300 million in cash, the forgiveness of certain liabilities,
and the assumption of certain other liabilities by Ford.

In order to facilitate a seamless transfer of the plants from
Visteon to ACH and to allow ACH to continue to conduct
manufacturing at its plants, Visteon agreed to lease certain of
its hourly and salaried employees to ACH and to provide certain
services to ACH.  To that end, Visteon and ACH entered into three
agreements:

   (1) a Visteon Salaried Employee Lease Agreement between
       Visteon and ACH, dated as of October 1, 2005;

   (2) a Visteon Hourly Employee Lease Agreement between Visteon
       and ACH, dated October 1, 2005; and

   (3) a Master Services Agreement between Visteon and ACH,
       dated September 30, 2005.

James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware, relates that Visteon has suffered
financially as a result of extending the Employee Leasing
Agreements beyond the originally anticipated short timeframe.
While the Employee Leasing Agreements were designed to be cost-
neutral, in practice Visteon has incurred significant
administrative costs that are not required to be reimbursed by
ACH and certain of the methodologies used to calculate the
reimbursement amounts do not equal the actual costs incurred by
Visteon, Mr. O'Neill adds.

In light of these circumstances, and in order to allow Visteon to
focus on its core business post-emergence, Visteon informed ACH
that absent a termination agreement, it would reject the Employee
Leasing Agreements through the bankruptcy process.  At the same
time, Visteon was mindful of the fact that rejection of these
important agreements would likely give rise to additional and
significant unsecured claims by ACH and Ford.  Furthermore, the
lack of a negotiated resolution between Visteon and ACH would
adversely impact Ford, which could harm Visteon's significant
business relationship with Ford.

Thus, to avoid the adverse impacts of those rejections and
resulting claims and provide for a mutually agreeable and orderly
transfer of the leased employees from Visteon to ACH, the parties
negotiated and agreed to enter into a termination agreement.

The Termination Agreement specifically:

  -- contemplates the termination of the Employee Leasing
     Agreements effective as of August 31, 2010;

  -- contemplates the termination of that certain Payment
     Acceleration Agreement among Visteon, Ford, and ACH dated
     March 30, 2006, and that certain Escrow Agreement dated as
     of August 2, 2006, among Visteon, ACH, and Comerica Bank, as
     escrow agent;

  -- provides for a general waiver and release of potential
     claims related to the Employee Leasing Agreements and
     further provides for the resolution of all of ACH's claims
     related to the Employee Leasing Agreements that have been
     asserted against Visteon in these Chapter 11 cases.
     Specifically, pursuant to the Termination Agreement, 20
     proofs of claim asserted by ACH for nearly $13.5 million
     will be disallowed and expunged from the Debtors' claim
     register.

                 The IP Contribution Agreement

Visteon, VGTI, ACH Inc., and ACH LLC are parties to an IP
Contribution Agreement.  As part of the transfer of the ACH
facilities in 2005, Visteon and VGTI entered into the IP
Contribution Agreement to provide ACH LLC and ACH Inc. with
certain intellectual property assets related to ACH businesses
acquired by Ford.  Under the IP Contribution Agreement, Visteon
transferred ownership to ACH of certain intellectual property
rights, but retained a license back to support Visteon's own
ongoing operations.  Visteon continues to use that licensed back
technology in its current business.

Because certain aspects of the IP Contribution Agreement are co-
terminous with the MSA, terminating the MSA under the Termination
Agreement could also result in the termination of those aspects
of the IP Contribution Agreement, with adverse consequences for
ACH's ongoing business, Mr. O'Neill tells the Court.

Thus, the parties to the IP Contribution Agreement have agreed to
modify the IP Contribution Agreement pursuant to a certain fifth
amendment, and the Debtors have agreed to assume the IP
Contribution Agreement as so amended.

A full-text copy of the Visteon/ACH Termination Agreement is
available for free at:

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

A full-text copy of the Amended IP Contribution Agreement is
available for free at:

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

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

                        About Visteon Corp

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is an automotive supplier
that designs, engineers and manufactures innovative climate,
interior, electronic and lighting products for automakers.  The
Company has corporate offices in Van Buren Township, Michigan
(U.S.); Shanghai, China; and Kerpen, Germany.  It has facilities
in 27 countries and employs roughly 35,500 people.  The Company
disclosed assets of US$4,561,000,000 and debts of US$5,311,000,000
as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
effort.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

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


VISTEON CORP: Tower Automotive Trustee Wants to Pursue Suit
-----------------------------------------------------------
Eugene I. Davis, as Liquidating Trustee of the Tower Automotive
Inc. Unsecured Creditors Liquidating Trust, asks the U.S.
Bankruptcy Court for the District of Delaware to lift the
automatic stay to allow him to pursue an adversary proceeding
against Visteon Corporation pending before the U.S. Bankruptcy
Court for the Southern District of New York.

The Tower Trust was created in accordance with a liquidating
bankruptcy plan confirmed by the New York Court in the jointly
administered bankruptcy cases of Tower Automotive, Inc., and its
affiliates.

Prior to Visteon's Petition Date, several of the Tower Debtors
filed an adversary proceeding against Visteon seeking to avoid
and recover transfers and to disallow any claims filed by Visteon
in the Tower bankruptcy.  In accordance with the Tower Plan, the
Tower Trustee assumed responsibility of prosecuting the Avoidance
Action brought by Visteon.

Thus, Mr. Davis asks the Delaware Court to modify the automatic
stay to permit it to continue prosecuting the Avoidance Action to
a final, non-appealable judgment for the purpose of establishing
the existence and amount of Visteon's preference liability.

                        About Visteon Corp

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is an automotive supplier
that designs, engineers and manufactures innovative climate,
interior, electronic and lighting products for automakers.  The
Company has corporate offices in Van Buren Township, Michigan
(U.S.); Shanghai, China; and Kerpen, Germany.  It has facilities
in 27 countries and employs roughly 35,500 people.  The Company
disclosed assets of US$4,561,000,000 and debts of US$5,311,000,000
as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
effort.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

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


WARNER CHILCOTT: Moody's Upgrades Ratings on Senior Loan to 'Ba3'
-----------------------------------------------------------------
Moody's Investors Service upgraded the rating on the 2009 senior
secured credit facilities of Warner Chilcott Company, LLC, Warner
Chilcott Corporation, and WC Luxco S.… r.l. (subsidiaries of
Warner Chilcott plc) to Ba3 from B1.  At the same time, Moody's
converted the provisional ratings assigned on August 5, 2010 to
definitive ratings, including a Ba3 rating on the new senior
secured term loan and a B3 rating on the new senior unsecured
notes.  In addition, Moody's upgraded the Probability of Default
rating to B1 from B2.  There is no change to the B1 Corporate
Family Rating or SGL-1 Speculative Grade Liquidity Rating.  The
rating outlook remains stable.

Proceeds of the offerings are expected to be used for a special
dividend payment of $2.14 billion, announced on July 30, 2010.

Ratings upgraded:

Warner Chilcott Company, LLC

  -- Probability of Default Rating to B1 from B2

Warner Chilcott Corporation, Warner Chilcott Company, LLC and WC
Luxco S.… r.l. (Borrowers):

  -- Sr. secured Term Loan A due 2014 to Ba3 [LGD3, 41%] from B1
     [LGD3, 33%]

  -- Sr. secured Term Loan B due 2015 to Ba3 [LGD3, 41%] from B1
     [LGD3, 33%]

  -- Sr. secured revolving credit faclity due 2014 to Ba3 [LGD3,
     41%] from B1 [LGD3, 33%]

Ratings revised (with face amounts adjusted):

Warner Chilcott Corporation, Warner Chilcott Company, LLC and WC
Luxco S.… r.l. (Borrowers):

  -- Senior secured Term Loan A-1 of $480 million due 2014 to Ba3
     [LGD3, 41%] from (P)Ba3 [LGD3, 41%]

  -- Senior secured Term Loan B-3 of $770 million due 2016 to Ba3
     [LGD3, 41%] from (P)Ba3 [LGD3, 41%]

Warner Chilcott Corporation

  -- (P)B3 [LGD6, 92%] senior unsecured notes of $750 million to
     B3 [LGD6, 92%] from (P)B3 [LGD6, 92%]

Rating assigned:

Warner Chilcott Corporation, Warner Chilcott Company, LLC and WC
Luxco S.… r.l. (Borrowers):

  -- Ba3 [LGD3, 41%] Term Loan B-4 of $250 million due 2016

                        Ratings Rationale

Warner Chilcott's B1 Corporate Family Rating primarily reflects
Moody's view that pro forma Debt/EBITDA (which Moody's estimated
at 3.7 times) remains within the expectations for Warner
Chilcott's ratings.  The B1 rating also reflects good free cash
flow and the company's prior history of deleveraging.  Risk
factors included in the B1 rating include high product
concentration risk, declining Actonel sales, an unresolved patent
challenge on Asacol 400mg, and the company's appetite for
leverage.

The upgrade of the Probability of Default Rating to B1 from B2
reflects Moody's application of the Loss Given Default Rating
Methodology.  Following issuance of the new senior unsecured
notes, Warner Chilcott's capital structure now contains a mix of
secured bank debt and unsecured bonds resulting in a 50% family-
wide LGD assumption, and a PDR equal to the Corporate Family
Rating.

The rating outlook is stable.  In the future, positive rating
pressure could occur based on steady operating progress including
successful PGP integration, favorable execution of life cycle
management plans and a disciplined approach to any additional
acquisitions or shareholder-friendly strategies.  Conversely,
acquisitions or financial policies that result in leverage or cash
flow to debt metrics below the high end of Moody's "B" ranges
could create negative rating pressure.

Headquartered in Ardee, Ireland, Warner Chilcott plc is a
specialty pharmaceutical company currently focused on women's
healthcare, gastroenterology, dermatology and urology.  For the
first six months of 2010, the company reported total revenue of
approximately $1.57 billion.


WECHSLER & CO: Files List of 3 Largest Unsecured Creditors
----------------------------------------------------------
Wechsler & Co., Inc., has filed with the U.S. Bankruptcy Court for
the Southern District of New York an amended list of its three
largest unsecured creditors:

   Entity                       Nature of Claim       Claim Amount
   ------                       ---------------       ------------
NYS Dept of Tax & Finance
Bankruptcy/Special
Procedure
P.O. Box 5300
Albany, NY 12205                                       $10,600,516

Internal Revenue Service
P.O. Box 21126
Philadelphia, PA 19114                                  $4,396,048

Blank Rome, LLP
Harold Pappas, Esq.
405 Lexington Avenue
New York, NY 10174               Attorneys Fees             $9,900

Mount Kisco, New York-based Wechsler & Co., Inc., filed for
Chapter 11 bankruptcy protection on August 18, 2010 (Bankr.
S.D.N.Y. Case No. 10-23719).  Jonathan S. Pasternak, Esq., at
Rattet, Pasternak & Gordon Oliver, LLP, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets and debts
at $10 million to $50 million as of the Petition Date.


WECHSLER & CO: Section 341(a) Meeting Scheduled for Sept. 29
------------------------------------------------------------
The U.S. Trustee for Region 2 will convene a meeting of Wechsler &
Co., Inc.'s creditors on September 29, 2010, at 1:00 p.m.  The
meeting will be held at United States Bankruptcy Court, SDNY, 300
Quarropas Street, Room 243A, White Plains, NY 10601-5008.

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.

Mount Kisco, New York-based Wechsler & Co., Inc., filed for
Chapter 11 bankruptcy protection on August 18, 2010 (Bankr.
S.D.N.Y. Case No. 10-23719).  Jonathan S. Pasternak, Esq., at
Rattet, Pasternak & Gordon Oliver, LLP, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets and debts
at $10 million to $50 million as of the Petition Date.


WECHSLER & CO: Taps Rattet Pasternak as Bankruptcy Counsel
----------------------------------------------------------
Wechsler & Co., Inc., asks for authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Rattet, Pasternak & Gordon-Oliver, LLP as bankruptcy counsel.

RPGO will, among other things:

     a. negotiate with creditors of the Debtor and work out a plan
        of reorganization and take the necessary legal steps in
        order to effectuate a plan including, if need be,
        negotiations with the creditors and other parties in
        interest;

     b. prepare the necessary answers, orders, reports and other
        legal papers required for the Debtor who seeks protection
        from its creditors under Chapter 11 of the U.S. Bankruptcy
        Code;

     c. attend meetings and negotiate with representatives of
        creditors and other parties in interest; and

     d. advise the Debtor in connection with any potential
        refinancing of secured debt and any potential sale of the
        business and its assets.

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

        Partners                         $475-$650
        Of Counsel                         $475
        Associates                       $200-$450
        Paraprofessionals                  $150

Jonathan S. Pasternak, Esq., a member at RPGO, assures the Court
that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Wechsler & Co., Inc., is a private investment firm that invests in
public and privately held companies in New York.  It filed for
Chapter 11 bankruptcy protection on August 18, 2010 (Bankr.
S.D.N.Y. Case No. 10-23719).  The Debtor estimated its assets and
debts at $10 million to $50 million as of the Petition Date.


WECK CORP: Taps Hahn & Hessen as Bankruptcy Counsel
---------------------------------------------------
The Weck Corporation, et al., ask for authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Hahn & Hessen LLP as bankruptcy counsel.

H&H will, among other things:

     (a) attend meetings and negotiate with representatives of
         creditors and other parties-in-interest and advise and
         consult on the conduct of the Debtors' Chapter 11 cases,
         including all of the legal and administrative
         requirements of operating in Chapter 11;

     (b) take all necessary action to protect and preserve the
         Debtors' estates, including the prosecution of actions on
         behalf of the Debtors' estates, the defense of any
         actions commenced against the estates, negotiations
         concerning litigation in which the Debtors may be
         involved, and objections to claims filed against the
         estates;

     (c) prepare motions, applications, answers, orders, reports,
         and papers necessary to the administration of the
         estates; and

     (d) prepare and negotiate plan(s) of reorganization,
         disclosure statement(s) and all related agreements and/or
         documents and take any necessary action on behalf of the
         Debtors to obtain confirmation of the plan(s).

H&H will be paid based on the hourly rates of its personnel:

         Roseanne T. Matzat, Bankruptcy Partner             $760
         Mark T. Power, Bankruptcy Partner                  $760
         Don D. Grubman, Corporate Partner                  $710
         Janince M. Cerbone, Bankruptcy Associate           $485
         Sharon Tishco, Corporate Associate                 $425
         Alison M. Paplexis, Bankruptcy Associate           $270

Mark Thomas Power, Esq., a member at H&H, assures the Court that
the firm is "disinterested" as that term is defined in Section
101(14) of the Bankruptcy Code.

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  The Debtor estimated
its assets and debts at $10 million to $50 million as of the
Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WECK CORP: U.S. Trustee Appoints 7 Members to Creditors Panel
-------------------------------------------------------------
Tracy Hope Davis, the U.S. Trustee for Region 2, appoints seven
members to the Official Committee of Unsecured Creditors in The
Weck Corporation, et al.'s Chapter 11 cases.

The Committee members include:

1) True Value Company
   Attention: Stuart McInnis, Director, Credit Services
   30 Melody Lane
   Mills River, North Carolina 28759
   Telephone: (828) 891-2889
   Fax: (828) 891-2889

2) John Matouk & Co., Inc.
   Attention: George Matouk Jr., President
   925 Airport Road
   Fall River, Massachusetts 02720
   Telephone: (508) 997-3444
   Fax: (508) 675-5112

3) Habidecor & Abyss, Inc.
   Attention: Leslie Connell, Vice President
   Windsor Industrial Park
   92 North Main Street
   Windor, New Jersey
   Telephone: (609) 426-4780
   Fax: (609) 426-4486

4) Yves Delorme, Inc.
   Attention: Jason Reitsma, Treasurer and CFO
   1725 Broadway Street
   Charlottesville, Virginia 22902
   Telephone: (434) 979-3911
   Fax: (434) 979-7886

5) Satco Products, Inc.
   Attention: Kathleen Porretta, Credit Manager
   110 Heartland Blvd
   Brentwood, New York 111717
   Telephone: (631) 243-2022
   Fax: (631) 243-2796

6) The Townsend House Corporation
   Attention: Sandy Kutz, President
   176 East 71st Street
   New York, New York 10021
   Telephone: (212) 988-9357
   Fax: (212) 650-0686

7) Hanover Estates LLC
   Attention: Alan N. Locker, Manager
   c/o Bonafide Estates, Inc.
   630 Fifth Avenue - Suite 3165
   New York, New York10111
   Telephone: (212) 757-6027
   Fax: (212) 333-4259

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  Mark T. Power, Esq., at
Hahn & Hessen LLP, assists the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WECK CORP: Court Extends Filing of Schedules Until Sept. 27
-----------------------------------------------------------
The Hon. Allan L. Gropper of the U.S. Bankruptcy Court for the
Southern District of New York extended, at the behest of The Weck
Corporation, et al., the deadline for the filing of schedules of
assets and liabilities, schedules of current income and
expenditures, schedules of executory contracts and unexpired
leases, and statements of financial affairs until September 27,
2010.

The Debtors said that they will be unable to complete their
schedules and statements in the previous 14-day deadline due to
the complexity and diversity of their operations and large number
of vendors, and the burdens occasioned by preparing on an
expedited basis for their Chapter 11 cases.

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  Mark T. Power, Esq., at
Hahn & Hessen LLP, assists the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WECK CORP: Taps Garden City as Claims & Noticing Agent
------------------------------------------------------
The Weck Corp., et al., sought and obtained authorization from the
Hon. Allan L. Gropper of the U.S. Bankruptcy Court for the
Southern District of New York to employ The Garden City Group,
Inc., as claims and noticing agent.

Garden City will, among other things:

     (a) notify potential creditors of the filing of the
         bankruptcy petitions and of the setting of the date for
         the first meeting of creditors;

     (b) maintain an official copy of the Debtors' schedules of
         assets and liabilities and statement of financial
         affairs, listing the Debtors' known creditors and the
         amounts owed thereto;

     (c) notify potential creditors of the existence and amount of
         their respective claims as evidenced by the Debtors'
         books and records and as set forth in the schedules; and

     (d) furnish a notice of the last date for the filing of
         proofs of claim and a form for the filing of a proof of
         claim, after such notice and form are approved by the
         Court.

Garden City professionals will be paid at these rates:

                                                 Hourly Rate
                                                 -----------
Administrative & Data Entry                      $45 to $55
Mailroom and Claims Control                          $55
Customer Service Representatives                     $57
Project Administrators                           $70 to $85
Quality Assurance Staff                          $80 to $125
Project Supervisors                              $95 to $110
Systems & Technology Staff                      $100 to $200
Graphic Support for web site                        $125
Project Managers                                $125 to $175
Directors, Sr. Consultants and Asst VP          $200 to $295
Vice President and above                            $295

Garden City Group will also charge the Debtor for its noticing,
document management, claims administration and balloting services
at the rates agreed by the parties.

A copy of the Retention Agreement is available for free at
http://bankrupt.com/misc/WECK_claimsagentretentionpact.pdf

Jeffrey Stein, Garden City's vice president, assures the Court
that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

                       About The Weck Corp.

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  Mark T. Power, Esq., at
Hahn & Hessen LLP, assists the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WESTSTAR FINANCIAL: Posts $14.1 Million Net Loss in June 30 Qtr.
----------------------------------------------------------------
Weststar Financial Services Corporation filed its quarterly report
on Form 10-Q, reporting a net loss of $14.1 million for the three
months ended June 30, 2010, compared with net income of $433,869
for the same period of 2009.

Net interest income for the quarter ended June 30, 2010, totaled
$1.7 million compared to $2.1 million in 2009.  The decrease was
attributable to decreases in net earning assets and net interest
margin.

The Company recorded a provision for loan losses of $14.1 million
for the three months ended June 30, 2010, compared to $221,310 for
the same period in 2009.

The Company's balance sheet as of June 30, 2010, showed total
assets of $214.2 million, total liabilities of $211.2 million, and
stockholders' equity of $3.0 million.  This compares with total
assets of $223.7 million, total liabilities of $206.9 million, and
stockholders' equity of $16.8 million at December 31, 2009.

Non-performing assets totaled $27.8 million and $26.0 million at
June 30, 2010, and December 31, 2009, respectively.  Loans
outstanding decreased 8.11% to $170.4 million, when compared to
December 31, 2009, primarily as a result of loan charge-offs and
write-downs.  Net charge-offs during the six month period ended
June 30, 2010, totaled $13.8 million, compared to $158,363 during
the six month period ended June 30, 2009.

In its latest 10-Q, the Company discloses that due to the
significant decline in capital, it is anticipated that The Bank of
Asheville will be required to enter into a formal consent order
with the North Carolina Commissioner of Banks and the FDIC.  "An
enforcement action of this nature would most likely require higher
regulatory capital requirements than would otherwise be required.
A consent order could also result in requiring the Bank to raise
additional capital within a specified timeframe, limit access to
the brokered CD market, restrict rates it can offer on customer
deposits and necessitate a corrective plan for the reduction of
non-performing assets, among other matters.  Furthermore, because
such consent orders are public, there could be an adverse customer
or market reaction to such announcement.  These matters
potentially raise substantial doubt about the Bank's ability to
continue as a going concern.  If the Bank is unable to comply with
the terms of any such consent order, further regulatory actions
could be taken."

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6a43

                     About Weststar Financial

Ashville, N.C.-based Weststar Financial Services Corporation (OTC
BB: WFSC) is the parent company of The Bank of Asheville.
Weststar Financial Services Corporation owns 100% interest in
Weststar Financial Services Corporation I, a statutory trust.  The
Bank operates five full-service banking offices in Buncombe
County, North Carolina - Downtown Asheville, Candler, Leicester,
South Asheville and Reynolds.


WILLIAM PLATT: Foreclosure Suit Prompts Chapter 11 Filing
---------------------------------------------------------
Crain's Chicago Business reports that developer William Platt
filed for bankruptcy under Chapter 11 in the U.S. Bankruptcy Court
in Chicago listing both assets and liabilities between $1 million
and $10 million.

The filing came after a foreclosure suit on Mr. Platt's property
sought by Citigroup Inc., seeking to collect $1.8 million on a
$1.95 million secured loan.  The property is located at 3728-30 N.
Southport Ave., which houses two of Mr. Platt's businesses, Platt
Construction Inc. and Access Realty Group Inc., as well as a Chase
Bank branch, according to the report.

The Company said it owes $3.2 million to Bridgeview Bank Group;
$2.6 million, and Ravenswood Bank.  Ravenswood Bank was shut down
by regulators on Aug. 6, 2010.  A unit of Wintrust Financial Corp.
bought most of its assets and deposits.


WINDMILL DURANGE: Files Schedules of Assets & Liabilities
---------------------------------------------------------
Windmill Durango Office, LLC, has filed with the U.S. Bankruptcy
Court for the District of Nevada its schedules of assets and
liabilities, disclosing:

  Name of Schedule                    Assets        Liabilities
  ----------------                    ------        -----------
A. Real Property                   $20,000,000
B. Personal Property                $1,389,775
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                   $16,500,000
E. Creditors Holding
   Unsecured Priority
   Claims                                                    $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                              $268,000
                                   -----------      -----------
      TOTAL                        $21,389,775      $16,768,000

Las Vegas, Nevada-based Windmill Durango Office, LLC, filed for
Chapter 11 protection on August 17, 2010 (Bankr. D. Nev. Case No.
10-25594).  Zachariah Larson, Esq., at Larson & Stephens, assists
the Debtor in its restructuring effort.  According to its
schedules, the Debtor disclosed $21,389,775 in total assets and
$16,768,000 in total liabilities.

Affiliates Windmill Durango Op, LLC (Bankr. D. Nev. Case No. 10-
18058) and Windmill Durango Retail, LLC (Bankr. D. Nev. Case No.
10-18056) on May 3, 2010.


WINSTAR COMMUNICATIONS: IDT Seeks to Revive Suit vs. Blackstone
---------------------------------------------------------------
IDT Corp. and Winstar Holdings LLC are trying to revive their
lawsuit accusing Blackstone Group LP and two other financial firms
of misrepresenting the value of Winstar Communications prior to
its $42.5 million sale to IDT, according to Bankruptcy Law360.

Winstar Holdings and IDT filed a notice of appeal Wednesday in the
U.S. Bankruptcy Court for the District of Delaware.

Based in New York, Winstar Communications, Inc., provides
broadband services to business customers.  The company and its
debtor-affiliates filed for chapter 11 protection on April 18,
2001 (Bankr. D. Del. Case Nos. 01-01430 through 01-01462).  As
part of their chapter 11 restructuring strategy, the Debtors sold
their domestic telecom assets to IDT Winstar Acquisition, Inc.
IDT later sold the Winstar Assets to GVC Networks, LLC, resulting
in the creation of GVCwinstar, a wholly owned subsidiary of GVC
Networks.

On January 24, 2002, the Bankruptcy Court converted the Debtors'
cases to a Chapter 7 liquidation proceeding .  Christine C.
Shubert serves as the Debtors' Chapter 7 trustee.  The Chapter 7
trustee is represented by Fox Rothschild LLP and Kaye Scholer LLP.
When the Debtors filed for bankruptcy, they listed $4,975,437,068
in total assets and $4,994,467,530 in total debts.

The Debtors are currently embroiled in a legal battle before the
U.S. Court of Appeals for the Third Circuit to recover about
$200 million in payments made to Lucent Technologies.  The parties
also allege breach of contract claims.


WORLDVEST INC: June 30 Balance Sheet Upside-Down by $1.2-Mil
------------------------------------------------------------
WorldVest Inc. reported that as of June 30, 2010, it had
$1,024,334 in total assets, $2,291,480 in total liabilities, and
$1,267,146 in stockholders' deficit.

WorldVest reported a net loss of $123,331 for the three months
ended June 30, 2010, from a net loss of $473,674 for the same
period in 2009.  It reported a net loss of $49,967 for the six
months ended June 30, 2010, from a net loss of $667,971 for the
same period in 2009.

Total revenue was $70,608 for the three months ended June 30,
2010, from $2,320 for the same period in 2009.  Total revenue was
$367,675 for the six months ended June 30, 2010, from $27,320 for
the same period in 2009.

In its Form 10-Q report, the Company said, "We believe we can
satisfy our cash requirements for the next twelve months with our
current cash, expected revenues and continued funding from WV55
Partners.  However, completion of our plan of operation is subject
to attaining adequate revenue and additional financing. We cannot
assure investors that adequate revenues will be generated. In the
absence of our projected revenues, we may be unable to proceed
with our plan of operations. Even without adequate revenues within
the next twelve months, we still anticipate being able to continue
with our present activities, but we may require financing to
potentially achieve our profit, revenue, and growth goals.

"In the event we are not successful in reaching our initial
revenue targets, additional funds may be required, and we may not
be able to proceed with our business plan for the development and
growth of our Iron Ore mining business. Should this occur, we
would likely seek additional financing to support the continued
operation of our business. We anticipate that depending on market
conditions and our plan of operations, we may incur operating
losses in the foreseeable future. Therefore, our auditors have
raised substantial doubt about our ability to continue as a going
concern," the Company said.

A full-text copy of the Company's Form 10-Q report is available at
no charge at http://ResearchArchives.com/t/s?6a29

New York-based WorldVest, Inc., was organized in September 2007
under the name Catalyst Ventures Incorporated.  The Company filed
for a name change on July 2, 2009.  The business of the Company is
to grow as a global merchant bank that offers traditional
investment banking, asset management and advisory services, as
well as direct investments as a principal in select high-growth
transactions on a global basis.  Recognizing the disconnect that
exists between the needs of companies and the limitations of
traditional investment banking, private equity, and venture
capital institutions, WorldVest seeks to set a new standard,
emerging as a partner and solution provider where one did not
previously exist.

Recently the company has increased the business for its Ore Mining
subsidiary with its focus on the acquisition and development of
certain Iron Ore properties.  WorldVest anticipates closing of the
pending acquisition of Chile Invesriones de Minerales, Ltda.,
which owns two large Iron Ore reserves in Chile.  It is
anticipated that shortly after closing of the CIM acquisition,
WorldVest will begin producing Iron Ore and selling against its
Chinese Purchase Contracts.


* Business Filings Down, Individual Filings Rise in July
--------------------------------------------------------
Bill Rochelle, bankruptcy columnist at Bloomberg News, reports
that commercial and Chapter 11 filings declined in July 2010 from
the year before while total bankruptcies, compromised mostly of
filings by individuals, increased.  Total bankruptcy filings in
July were 134,600, the third-highest monthly total since
bankruptcy laws were tightened in 2005.  At a daily rate, July
filings were 7.7% more than the year before, according to data
compiled from court records by Automated Access to Court
Electronic Records.

Mr. Rochelle said that, according to AACER, a service of Oklahoma
City-based Jupiter ESources LLC the 1,217 Chapter 11 filings in
July represented a 5% decline from July 2009.  Commercial filings
of 7,256 were down 6% from the same month in 2009, at the daily
filing rate.  Commercial filings mostly include Chapter 11 cases
plus businesses under Chapter 7.

Bankruptcy filings last year totaled 1.44 million, a 32% increase
from 2008.


* Morgan Joseph Report Says Debt-Maturity Threat Waning
-------------------------------------------------------
The new capital provided by the recent bond market surge is going
towards uses other than paying off creditors or refinancing debt
as was primarily the case in prior periods, according to Morgan
Joseph LLC's newly issued Restructuring Quarterly Newsletter.
Moreover, the trend is beginning to be felt in a variety of other
favorable ways as well, including greater attention being paid by
lenders to middle market companies.

"Compared to 2009, when 3 out of every 4 dollars from new high
yield issues went to refinancing existing debt, thus far in 2010
only 2 out of 3 dollars are used for refinancing," says James D.
Decker, a Morgan Joseph Managing Director who heads the
Restructuring Group. "While a far cry from 2007, when only 30% of
proceeds went towards refinancing debt, along with M&A and
recapitalizations, the ability for business to tap debt capital
for reasons other than simply debt repayment is certainly a
positive trend and one that could lead to more corporate spending
and growth initiatives in the future."

Among other trends, the Morgan Joseph Restructuring Newsletter
also noted:

     -- One beneficiary of the high yield exuberance has been the
        loan provider that has been repaid and now has capital to
        deploy. As a consequence of their holdings of outstanding
        leveraged loans, the primary recipient of such capital has
        been CLO funds, which for the most part, remain in their
        investment windows and are incentivized or required to put
        capital back to work in the loan market.  Accordingly, The
        Morgan Joseph Restructuring Group points out that "despite
        the fact that only a handful of CLO funds have been raised
        this year (mostly for repackaging of loans rather than new
        money vehicles), CLOs have actually grown their presence
        in the loan market from just north of 40% in 2008 to
        approximately 50% in this year's first half."

     -- Despite a recovered credit market and increasing M&A
        activity providing exit options for lenders, inter-lender
        dynamics and institutional concerns are still allowing
        many borrowers to push out maturities -- using so-called
        "amend to extend" options -- without resorting to new
        money financings.

     -- Combined with amend to extend activity, the loan supply
        resurgence has caused the near term wall of maturities to
        diminish.  Over the past 18 months, 2011 maturities have
        been almost fully addressed, and 2012-2013 maturities have
        been essentially cut in half.

     -- Credit market participants are hungry for yield, and
        spreads between first and second lien loans remained below
        100 basis points for the third straight month in July
        2010, compared with a year earlier when spreads were
        almost 800 basis points. "One can easily see that the
        price of risk in the market has diminished dramatically,"
        the Newsletter notes.

     -- The restructuring market overall is in a prolonged pause,
        with defaults having fallen sharply and lenders leaning
        towards flexibility rather than pushing for exits. "On an
        annualized year-to-date basis," reports the Morgan Joseph
        Restructuring Group, "principal defaults are now hovering
        around 2 percent and trending below 1 percent, well below
        averages of 3 to 4 percent during the last decade, and
        even further short of the mid-2009 peak of nearly 11
        percent." Even when defaults occur, borrowers are not
        being forced to restructure their balance sheets as
        lenders continue to exhibit a willingness to amend and
        extend.

     -- The increasing availability of capital is beginning to
        stimulate credit providers to search for yield in less
        liquid and smaller deals. Thus, the market for cash flow
        term loans and second lien loans for middle market
        borrowers is once again becoming competitive as new funds
        enter the market.

Morgan Joseph LLC, a New York City-headquartered full service
investment bank, provides financial advisory and capital raising
services to the Middle Market.  The firm's services include M&A
and restructuring advice, equity and debt private placements, as
well as public offerings.  In addition, Morgan Joseph provides
equity research and sales and trading services for institutional
clients.  Morgan Joseph's staff of over 125 is heavily weighted to
highly experienced professionals mostly from major Wall Street
firms and intimately familiar with the issues facing middle market
companies.  The firm is a member of both the Financial Industry
Regulatory Authority and the Securities Investors Protection Corp.

The five Principals managing the Morgan Joseph Financial
Restructuring Group collectively have over 70 years of financing
and restructuring experience.  Since 2001, they have completed
more than 80 company and creditor transactions, and restructured
approximately $25 billion of debt in in-court and out-of-court
transactions.

                           *     *     *

Eric Morath, writing for Dow Jones' Daily Bankruptcy Review,
reports that as of July 2010, about $133 billion in loans were set
to come due between 2011 and 2013, down from about $280 billion as
of the end of 2008.

Mr. Morath also reports that not everyone believes the debt-
maturity threat has passed.  According to Mr. Morath, David M.
Feldman, co-chairman of Gibson, Dunn & Crutcher's restructuring
practice, said he is still seeing banks extending maturities, but
for much shorter time frames, typically six to 12 months.

"Most people in the restructuring space still believe there is a
maturity problem," Mr. Feldman said. "We expect there will be
another wave of restructurings. The only question is when."


* Federal Reserve Seeks Stay of Appeals Court Disclosure Ruling
---------------------------------------------------------------
Bloomberg News reports that the Federal Reserve Board asked a U.S.
appeals court to delay implementation of a ruling that compels the
central bank to release documents identifying banks that might
have failed without the U.S. government bailout.

According to Bloomberg, the request for a stay follows an Aug. 20
decision by the U.S. Court of Appeals for the Second Circuit to
deny the Fed's request that the court reconsider its decision
requiring the agency to release records of the $2 trillion U.S.
bank loan program.

At issue are 231 "term sheets" documenting Fed loans to financial
firms during 2008.  The records, which include the banks' names
and the amounts borrowed, were originally requested by late
Bloomberg News reporter Mark Pittman through the Freedom of
Information Act, which allows citizens access to government
papers.

The case is Bloomberg LP v. Board of Governors of the Federal
Reserve System, 09-04083, U.S. Court of Appeals for the Second
Circuit (New York).


* Paul Weiss, Lowenstein Fined $2 Million for 'Frivolous' Suit
--------------------------------------------------------------
Bankruptcy Law360 reports that a New Jersey judge has ordered Paul
Weiss Rifkind Wharton & Garrison LLP and Lowenstein Sandler PC to
pay nearly $2 million to their opposing counsel for pursuing a
frivolous "promise" claim they filed on behalf of billionaire
Ronald O. Perelman, who was seeking to inherit half of his
disabled 84-year-old father-in-law's estate.

According to Law360, Judge Ellen L. Koblitz of the New Jersey
Superior Court said the $1.96 million hit was levied to discourage
the firms from repeating an "objectionable litigation strategy."


* BOND PRICING -- For the Week From August 23 - 27, 2010
--------------------------------------------------------

  Company           Coupon      Maturity Bid Price
  -------           ------      -------- ---------
155 E TROPICANA       8.750%     4/1/2012     5.375
ABITIBI-CONS FIN      7.875%     8/1/2009    10.750
ADVANTA CAP TR        8.990%   12/17/2026    13.400
AHERN RENTALS         9.250%    8/15/2013    36.750
AMBAC INC             9.375%     8/1/2011    41.750
AMBASSADORS INTL      3.750%    4/15/2027    50.000
AT HOME CORP          0.525%   12/28/2018     0.016
BANK NEW ENGLAND      8.750%     4/1/1999    12.813
BANK NEW ENGLAND      9.875%    9/15/1999    10.000
BANKUNITED FINL       6.370%    5/17/2012     5.250
BEARINGPOINT INC      5.000%    4/15/2025     1.963
BLOCKBUSTER INC       9.000%     9/1/2012     4.375
BLOCKBUSTER INC      11.750%    10/1/2014    47.500
BOWATER INC           6.500%    6/15/2013    23.000
BOWATER INC           9.500%   10/15/2012    28.000
CAPMARK FINL GRP      5.875%    5/10/2012    34.250
CELL THERAPEUTIC      7.500%    4/30/2011    80.600
CHENIERE ENERGY       2.250%     8/1/2012    43.000
EDDIE BAUER HLDG      5.250%     4/1/2014     5.000
EVERGREEN SOLAR       4.000%    7/15/2013    30.000
FAIRPOINT COMMUN     13.125%     4/2/2018     8.813
GASCO ENERGY INC      5.500%    10/5/2011    59.750
GENERAL MOTORS        7.125%    7/15/2013    30.200
GENERAL MOTORS        7.700%    4/15/2016    29.000
GENERAL MOTORS        9.450%    11/1/2011    30.000
GREAT ATLA & PAC      5.125%    6/15/2011    69.000
GREAT ATLA & PAC      6.750%   12/15/2012    50.950
HAWAIIAN TELCOM       9.750%     5/1/2013     1.875
INDALEX HOLD         11.500%     2/1/2014     0.550
INN OF THE MOUNT     12.000%   11/15/2010    49.000
INTL LEASE FIN        4.350%    9/15/2010    98.000
KEYSTONE AUTO OP      9.750%    11/1/2013    38.500
KMI-CALL09/10         6.500%     9/1/2013     3.250
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    19.500
LEHMAN BROS HLDG      4.800%    3/13/2014    19.500
LEHMAN BROS HLDG      5.000%    1/22/2013    17.500
LEHMAN BROS HLDG      5.000%    2/11/2013    19.600
LEHMAN BROS HLDG      5.000%    3/27/2013    18.670
LEHMAN BROS HLDG      5.000%     8/3/2014    19.500
LEHMAN BROS HLDG      5.000%     8/5/2015    18.750
LEHMAN BROS HLDG      5.100%    1/28/2013    18.000
LEHMAN BROS HLDG      5.150%     2/4/2015    18.760
LEHMAN BROS HLDG      5.250%     2/6/2012    20.500
LEHMAN BROS HLDG      5.250%    1/30/2014    18.950
LEHMAN BROS HLDG      5.250%    2/11/2015    17.875
LEHMAN BROS HLDG      5.350%    2/25/2018    18.750
LEHMAN BROS HLDG      5.500%     4/4/2016    21.000
LEHMAN BROS HLDG      5.500%     2/4/2018    18.750
LEHMAN BROS HLDG      5.500%    2/19/2018    18.750
LEHMAN BROS HLDG      5.550%    2/11/2018    18.000
LEHMAN BROS HLDG      5.600%    1/22/2018    19.600
LEHMAN BROS HLDG      5.625%    1/24/2013    21.875
LEHMAN BROS HLDG      5.700%    1/28/2018    18.750
LEHMAN BROS HLDG      5.750%    4/25/2011    21.000
LEHMAN BROS HLDG      5.750%    7/18/2011    20.250
LEHMAN BROS HLDG      5.750%    5/17/2013    19.500
LEHMAN BROS HLDG      5.875%   11/15/2017    21.125
LEHMAN BROS HLDG      6.000%    7/19/2012    21.375
LEHMAN BROS HLDG      6.000%    6/26/2015    16.600
LEHMAN BROS HLDG      6.000%   12/18/2015    18.120
LEHMAN BROS HLDG      6.000%    2/12/2018    18.250
LEHMAN BROS HLDG      6.200%    9/26/2014    21.000
LEHMAN BROS HLDG      6.600%    10/3/2022    18.000
LEHMAN BROS HLDG      6.625%    1/18/2012    19.550
LEHMAN BROS HLDG      6.750%   11/22/2027    15.900
LEHMAN BROS HLDG      6.875%     5/2/2018    21.938
LEHMAN BROS HLDG      7.000%    4/16/2019    18.250
LEHMAN BROS HLDG      7.000%    5/12/2023    17.750
LEHMAN BROS HLDG      7.100%    3/25/2038    17.900
LEHMAN BROS HLDG      7.250%    4/29/2038    18.000
LEHMAN BROS HLDG      7.350%     5/6/2038    16.600
LEHMAN BROS HLDG      7.500%    5/11/2038     0.010
LEHMAN BROS HLDG      7.875%    11/1/2009    19.000
LEHMAN BROS HLDG      8.000%     3/5/2022    19.375
LEHMAN BROS HLDG      8.050%    1/15/2019    18.000
LEHMAN BROS HLDG      8.400%    2/22/2023    17.100
LEHMAN BROS HLDG      8.500%     8/1/2015    18.000
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    20.375
LEHMAN BROS HLDG      8.920%    2/16/2017    18.600
LEHMAN BROS HLDG      9.000%     3/7/2023    19.000
LEHMAN BROS HLDG      9.500%   12/28/2022    18.950
LEHMAN BROS HLDG      9.500%    1/30/2023    19.375
LEHMAN BROS HLDG      9.500%    2/27/2023    17.510
LEHMAN BROS HLDG     10.000%    3/13/2023    18.950
LEHMAN BROS HLDG     10.375%    5/24/2024    19.000
LEHMAN BROS HLDG     11.000%    6/22/2022    17.760
LEHMAN BROS HLDG     11.000%    3/17/2028    18.500
LEHMAN BROS HLDG     11.500%    9/26/2022    18.750
LEHMAN BROS HLDG     18.000%    7/14/2023    18.735
LOCAL INSIGHT        11.000%    12/1/2017    31.750
MAGNA ENTERTAINM      7.250%   12/15/2009     9.000
MAGNA ENTERTAINM      8.550%    6/15/2010    17.000
MERRILL LYNCH         3.030%     3/9/2011   100.000
MFCCN-CALL09/10       5.200%    9/15/2030    97.202
NEWPAGE CORP         10.000%     5/1/2012    34.000
NEWPAGE CORP         12.000%     5/1/2013    19.524
NORTH ATL TRADNG      9.250%     3/1/2012    47.500
PALM HARBOR           3.250%    5/15/2024    68.000
RASER TECH INC        8.000%     4/1/2013    39.000
RESTAURANT CO        10.000%    10/1/2013    29.750
RESTAURANT CO        10.000%    10/1/2013    30.100
SPHERIS INC          11.000%   12/15/2012    24.750
STATION CASINOS       6.875%     3/1/2016     0.500
STATION CASINOS       7.750%    8/15/2016     0.500
THORNBURG MTG         8.000%    5/15/2013     3.970
TIMES MIRROR CO       7.250%     3/1/2013    40.660
TOREADOR RESOURC      5.000%    10/1/2025    96.200
TOUSA INC            10.375%     7/1/2012     0.750
TRICO MARINE          3.000%    1/15/2027     6.250
TRICO MARINE SER      8.125%     2/1/2013    17.750
VIRGIN RIVER CAS      9.000%    1/15/2012    45.500
WASH MUT BANK FA      5.650%    8/15/2014     0.200
WASH MUT BANK NV      5.500%    1/15/2013     0.200
WASH MUT BANK NV      6.750%    5/20/2036     0.650
WCI COMMUNITIES       4.000%     8/5/2023     1.000
WCI COMMUNITIES       9.125%     5/1/2012     1.250
WYNN LAS VEGAS        6.625%    12/1/2014   103.313
WYNN LAS VEGAS        6.625%    12/1/2014   103.610



                           *********

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.

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