TCR_Public/100914.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Tuesday, September 14, 2010, Vol. 14, No. 255

                            Headlines

ABITIBIBOWATER INC: Canadian Court OKs C$130 Mil. Settlement
ABITIBIBOWATER INC: Canadian Creditors' Meeting Today
ABITIBIBOWATER INC: CCAA Stay Period Extended Until Sept. 30
ABITIBIBOWATER INC: Sees Oct 14 Ch 11 Exit, $1BB in 5-Year Profits
ACORN ELSTON: Case Summary & 15 Largest Unsecured Creditors

ALL AMERICAN: Inks Deal with Caspar/Pope to Build Residence Hall
ALLIANT TECHSYSTEMS: S&P Puts 'BB-' Rating on $300MM Notes
ANCHOR IMPORT/EXPORT: Voluntary Chapter 11 Case Summary
ANCLA INTEREST: Case Summary & Largest Unsecured Creditor
ARIAD PHARMACEUTICALS: Earns $159.3 Million in June 30 Quarter

BENNI-5462, LP: Case Summary & 20 Largest Unsecured Creditors
BIOLASE TECHNOLOGY: Posts $4.2 Million Net Loss in June 30 Quarter
BLOCKBUSTER INC: Tom Casey Quits as CFO; McGill Takes Post
BLUEGREEN CORP: S&P Affirms 'CCC' Corporate; Outlook Now Positive
BOSTON GENERATING: S&P Withdraws Recovery Ratings on $1.13BB Loan

BRIGGS & STRATTON: S&P Puts Prelim BB- Rating on Sr. Unsec. Debt
BUENA VISTA: Case Summary & 16 Largest Unsecured Creditors
BV JORDANELLE: Section 341(a) Meeting Scheduled for Oct. 7
BV JORDANELLE: Taps Ray Quinnery as General Bankruptcy Counsel
CAPMARK FINANCIAL: Wants CFI's PA Sales Tax Liability Determined

CELANESE US: S&P Puts BB- Rating on $400MM Senior Unsecured Notes
CHAPARRAL ENERGY: S&P Puts B+ Rating on Proposed $300MM Sr. Notes
CHARLES WOOD: Case Summary & 18 Largest Unsecured Creditors
CINCINNATI BELL: Torbeck Named President of Communications Group
CLAIM JUMPER: Proposes to Sell Restaurants to Canyon Capital

CLIFF HODGE: Voluntary Chapter 11 Case Summary
CMPR GROUP: Voluntary Chapter 11 Case Summary
COLONIAL LIFE: A.M. Best Withdraws 'C' Financial Strength Rating
CONTINENTAL AIRLINES: CEO Reaffirms Commitment to Cleveland
CONTINENTAL AIRLINES: Unveils Changes to Stock Option Plans

CORELOGIC INC: S&P Puts B+ Issue Rating on New Senior Debt
CRYOPORT INC: Signs Deal to Allow DHL Access to Tracking Portal
D.A.F.I.R.M. PROPERTY: Case Summary & 3 Largest Unsec Creditors
DELPHI CORP: DPH, et al., Ask for Final Decree Closing 20 Cases
DELPHI CORP: DPH Seeks Nod to Amend Lawsuits

DELPHI CORP: Retirees Panel Sends Final Report
DELTA PETROLEUM: S&P Affirms 'CCC' Corporate Credit Rating
DENNIS QUIGG: Case Summary & 3 Largest Unsecured Creditors
DENNY'S CORP: Unit Offers to Purchase for Cash All 10% Sr. Notes
DIAMOND RANCH: Board Selects Victor Petrone as COO & CFO

DILLARD LAND: Case Summary & 8 Largest Unsecured Creditors
DOLLAR THRIFTY: Judge Strine Refuses to Stop Shareholder Vote
DOUGLAS SMUDER: Voluntary Chapter 11 Case Summary
DUSAN PITTNER: Voluntary Chapter 11 Case Summary
EAST BAY: Voluntary Chapter 11 Case Summary

EMPIRE RESORTS: Michael Brown Resigns as Chairman of the Board
EPE: Merger With EPD Cues S&P to Affirm 'BB-' Ratings
ESTATE OF JULIUS GRAY: Case Summary & Unsecured Creditor
EXTENDED STAY: ESA Canada Authorized as Foreign Representative
EXTENDED STAY: Starwood to Appeal Reimbursement Expense Order

FENTURA FINANCIAL: Posts $2.8 Million Net Loss in June 30 Quarter
FLAMINGO ISLES: Case Summary & 3 Largest Unsecured Creditors
FLETCHER GRANITE: Selling Assets; Gets $7MM Stalking Horse Bid
FRANK ALARIO: Case Summary & 20 Largest Unsecured Creditors
FRASER PAPERS: Fails to File Financials for Period Ended July 3

FX REAL ESTATE: Reaches Exclusive License Deal with US ThrillRides
GAMETECH INT'L: Has Day-to-Day Forbearance From Bank of the West
GENERAL MOTORS: $512MM in Claims vs. Old GM Change Hands in Aug.
GENERAL MOTORS: New GM Wants Sale Order Enforced on Dealer
GENERAL MOTORS: Old GM Wants Plan Exclusivity Until March 29

GOLDEN TREE: Case Summary & 5 Largest Unsecured Creditors
GREAT ATLANTIC: Officers Acquire Non-Qualified Stock Options
GREEKTOWN HOLDINGS: J/S Asserts Substantial Contribution Claim
GREEKTOWN HOLDINGS: Kewadin & Monroe Cases Converted to Chapter 7
GREEKTOWN HOLDINGS: Professionals Seek $45 Mil. in Final Fees

GSI GROUP: Moves Annual Shareholders Meeting to November 23
HAROLD PAVILACK: Case Summary & 20 Largest Unsecured Creditors
HARRISBURG, PA: Receiver Sought by Daughin County and Bond Insurer
HOLLYWOOD MOTION PICTURE: Court Confirms Liquidation Plan
INDIAN TRAIL: Case Summary Largest Unsecured Creditor

IRH VINTAGE: Gets Interim Nod to Use Cash Collateral
IRH VINTAGE: Gets Okay to Hire Hoover Slovacek as Bankr. Counsel
IRH VINTAGE: Section 341(a) Meeting Scheduled for Oct. 21
IRVINE SENSORS: Gets Delisting Notice From Nasdaq
ISLAND ONE: Files for Chapter 11 After Sales Drop

ISLAND ONE: Case Summary & 20 Largest Unsecured Creditors
JERRY COX: Case Summary & 20 Largest Unsecured Creditors
L AND K ENTERPRISES: Voluntary Chapter 11 Case Summary
LAFAYETTE UNION: Voluntary Chapter 11 Case Summary
LEHMAN BROTHERS: $2 Bil. in Claims Switch Hands in August

LEHMAN BROTHERS: Govt. Officials Clash Over 'No Rescue' Decision
LEHMAN BROTHERS: Japanese Unit Gets Court Approval to Liquidate
LEHMAN BROTHERS: SIPC Says SIPA Does Not Protect Claims From Fraud
LEHMAN BROTHERS: Still Has Discrepancies on Sec 13(f) Securities
LEWIS BLOOM: Case Summary & 20 Largest Unsecured Creditors

LINN ENERGY: Standard & Poor's Assigns 'B' Issue-Level Rating
LITTLE TRAVERSE: S&P Withdraws D Issuer Credit Rating
MEADOWLANDS XANADU: Lender Group Retains Jones Lang LaSalle
MELVIN SLATER: Voluntary Chapter 11 Case Summary
MICHAEL INGRAM: Case Summary & 16 Largest Unsecured Creditors

MICHAEL REIBLE: Case Summary & 7 Largest Unsecured Creditors
MORGANS HOTEL: Lenders Extend Forbearance Until Oct. 12
MOVIE GALLERY: Plan Confirmation Hearing Set for October 28
MOVIE GALLERY: Proposes Key Employee Incentive Plan
NAVIGO VACATION: Case Summary & 2 Largest Unsecured Creditors

NEDAK ETHANOL: Faces Suit Over Bank Loan Default
OAKBROOK STATION: Case Summary & 5 Largest Unsecured Creditors
OCONEE HOME: Case Summary & 2 Largest Unsecured Creditors
OXIGENE INC: Earns $2.5 Million in June 30 Quarter
PILLAR OF GLORY: Voluntary Chapter 11 Case Summary

PREFERRED VOICE: Sells Ringback Business to ClearSky
PROFESSIONAL LEARNING: Case Summary & 17 Largest Unsec Creditors
PROQUEST LLC: S&P Downgrades Corporate Credit Rating to 'B'
QUEENS PLAZA: Files for Bankruptcy Protection in New York
QUEENS PLAZA: Case Summary & 15 Largest Unsecured Creditors

REKO INTERNATIONAL: Receives Notice of Delisting Review by TSX
RIVIERA MARINE: Files for Chapter 15 Protection in U.S.
ROBERT BROWN: Case Summary & 20 Largest Unsecured Creditors
SCIENTIFIC GAMES: S&P Affirms 'BB' Corporate Credit Rating
SF8, LLC: Voluntary Chapter 11 Case Summary

SINOBIOMED INC: Board Names Georg Yu as New Chief Exec. Officer
SHUBH HOTELS: Strikes Deal With BlackRock to Pay Workers
SKYE INTERNATIONAL: Court Confirms Plan of Reorganization
STERIGENICS INT'L: S&P Affirms 'B' Corporate Credit Rating
SUN MEDIA: DBRS Confirms BB Issuer Rating

SUSSEX MANOR: Voluntary Chapter 11 Case Summary
TAYLOR BEAN: Farkas Venue Transfer Bid Denied; Trial Moved
TBS INTERNATIONAL: Posts $10.5 Million Net Loss in June 30 Quarter
TRUMAN FAMILY: Section 341(a) Meeting Scheduled for Oct. 21
TRUMAN FAMILY: Taps David J. Winterton as Bankruptcy Counsel

ULTIMATE ESCAPES: Issues Bankruptcy Warning
UNIFI INC: Amends Security Agreement With BoA and Wells Fargo
UNIGENE LABORATORIES: Director Slusser Acquires 2,000 Shares
UNIGENE LABORATORIES: Victory Park Acquires 5,000 Shares
UNIGENE LABORATORIES: Warren Levy Resigns as Exec. Vice President

VALENCE TECHNOLOGY: 4 Directors Acquire Stock Options
VERENIUM CORP: Closes Sale of Biofuels Biz to BP for $98 Million
VIDEOTRON LTEE: DBRS Confirms BB Issuer Rating
VISANT HOLDING: S&P Downgrades Corporate Credit Rating to 'B+'
VITRO SAB: Says It May Have Majority Support for Debt Plan

VITRO SAB: To Deregister American Depository Shaes
WAYTRONX INC: Retires Additional $4 Million in Debt

* Credit-Default Swaps Index Falls as Jobless Claims Decline

* Susheel Kirpalani One of Law360's Most Admired Attys

* Large Companies With Insolvent Balance Sheets

                            *********

ABITIBIBOWATER INC: Canadian Court OKs C$130 Mil. Settlement
------------------------------------------------------------
AbitibiBowater Inc. and its debtor affiliates received approval
from The Honorable Justice Clement Gascon, J.S.C., of the Superior
Court Commercial Division for the District of Montreal in Quebec,
Montreal, Canada, of a settlement agreement they reached with the
Government of Canada with respect to their C$300 million claim
under the North American Free Trade Agreement.

The NAFTA Claim Settlement contemplates a C$130 million payout by
the Canadian Government to the Debtors and a grant of certain
releases by the Debtors in connection with the NAFTA Claim.

The Debtors' NAFTA Claim is a claim for damages for the Canadian
Government's seizure of the majority of Abitibi-Consolidated
Company of Canada's assets in the Province of Newfoundland and
Labrador and the cancellation of certain water rights and related
hydroelectric contracts.  The Expropriated Assets include ACCC's
pulp and paper mill located in Grand Falls-Windsor.

The AbitibiBowater affiliates who commenced proceedings under
Canada's Companies' Creditors Arrangement Act or the CCAA
Applicants filed a request for approval of the NAFTA Claim
Settlement in the Superior Court for the Province of Quebec,
Montreal, Canada.

Ernst & Young Inc., the monitor appointed in the Canadian
proceedings of the CCAA Applicants, believes the NAFTA Claim
Settlement is a reasonable outcome.

In its 55th Monitor Report, the Monitor says that the likely value
of the Expropriated Assets is more than C$130 million based on
certain financial information and the nature and location of the
Assets.  However, the Monitor also notes that there is no
guarantee that the CCAA Applicants would be successful in the
NAFTA arbitration proceedings.  The Monitor further points out
that the Expropriated Assets are not liquid and there are not many
potential purchasers of those Assets.

The Monitor thus recommended approval of the NAFTA Claim
Settlement.

                     About AbitibiBowater Inc.

AbitibiBowater (OTC: ABWTQ) produces newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  The Company also recycles old newspapers and
magazines.

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

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

U.S. Bankruptcy Judge Kevin Carey handles the Chapter 11 cases of
AbitibiBowater Inc. and its U.S. affiliates and the Chapter 15
case of ACI, et al.

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

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


ABITIBIBOWATER INC: Canadian Creditors' Meeting Today
-----------------------------------------------------
In its 51st monitor report, Ernst & Young Inc., the Court-
appointed monitor in the Canadian proceedings of Abitibi-
Consolidated Inc. and its affiliates, supported the CCAA
Applicants' move to the date of the CCAA Creditors' Meeting to
September 14 and other related key dates.

The Monitor does not believe that the change of dates will have a
material effect on the restructuring efforts of the CCAA
Applicants.

                     About AbitibiBowater Inc.

AbitibiBowater (OTC: ABWTQ) produces newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  The Company also recycles old newspapers and
magazines.

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

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

U.S. Bankruptcy Judge Kevin Carey handles the Chapter 11 cases of
AbitibiBowater Inc. and its U.S. affiliates and the Chapter 15
case of ACI, et al.

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

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


ABITIBIBOWATER INC: CCAA Stay Period Extended Until Sept. 30
------------------------------------------------------------
The Honorable Justice Clement Gascon, J.S.C., of the Superior
Court Commercial Division for the District of Montreal in Quebec,
Montreal, Canada, extended the period within which no right may
be exercised and no proceeding may be commenced or proceeded
against Abitibi-Consolidated Inc., Bowater Inc. and certain of
their affiliates, as applicants under the Companies' Creditors
Arrangement Act of Canada, or any of their property, assets,
rights and undertaking, through and including September 30, 2010.

Ernst & Young, Inc., as the monitor overseeing the Applicants'
CCAA Proceedings, recommended approval of the Seventh CCAA Stay
Extension.

The Monitor believes that the extension of the Stay Period through
September 30 will:

  (a) allow the Applicants to hold a meeting of their creditors
      to consider a resolution to approve the Plan of Compromise
      and Arrangement pursuant to the Creditors' Meeting Order
      currently scheduled to be held on September 14, 2010 at
      the Hilton Bonaventure in Montreal;

  (b) allow the Monitor to continue to review claims and
      coordinate their allowance or revision pursuant to the
      Claims Process Orders;

  (c) allow the Applicants to continue to seek the financing
      required to exit their CCAA Proceedings; and

  (d) file motion materials seeking a sanction order of the CCAA
      Plan from the Canadian Court if the creditors vote in
      favor of a resolution to approve the CCAA Plan.

The Monitor noted its recommendation in the 54th Monitor Report it
submitted to the Canadian Court.

The 54th Monitor Report also includes a disclosure of revised cash
flow forecasts for the Abitibi-Consolidated Inc. Group and Bowater
Canadian Forests Products Inc. for the 13-week period ending
October 31, 2010.

The Revised Forecasts indicate that the Applicants will have
sufficient liquidity through the extension of the CCAA Stay
through September 30, the Monitor avers.

The Monitor also reports on the restructuring initiatives
undertaken by the Applicants as of early July 2010.  Among the
progress made by the Applicants are:

  -- seeking permission from the Canadian Court to call and hold
     a meeting of creditors;

  -- mailing by the Monitor of the Creditors' Meeting materials;

  -- obtaining favorable votes by the unionized employees of the
     La Dore Mistassine, Girardville and St. Thomas sawmills on
     new collective bargaining agreements;

  -- continuing discussion with pension regulators in Ontario
     and Quebec on defined benefit pension funding relief;

  -- obtaining orders from the U.S. Bankruptcy Court on (i) the
     approval of the Disclosure Statement explaining the U.S.
     Debtors' Plan of Reorganization, and (ii) the U.S. Debtors'
     entry into a work fee letter with J.P. Morgan Securities
     Inc., et al., with respect to exit financing; and

  -- settling for C$130 million AbitibiBowater's claim under the
     North American Free Trade Agreement with respect to the
     Government of Newfoundland and Labrador's expropriation of
     property and rights formerly owned by Abitibi-Consolidated
     Company of Canada.

A full-text copy of the 54th Monitor Report is available for free
at http://bankrupt.com/misc/ABH_CCAA54thMonitorRpt.pdf

                     About AbitibiBowater Inc.

AbitibiBowater (OTC: ABWTQ) produces newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  The Company also recycles old newspapers and
magazines.

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

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

U.S. Bankruptcy Judge Kevin Carey handles the Chapter 11 cases of
AbitibiBowater Inc. and its U.S. affiliates and the Chapter 15
case of ACI, et al.

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

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


ABITIBIBOWATER INC: Sees Oct 14 Ch 11 Exit, $1BB in 5-Year Profits
------------------------------------------------------------------
Ernst & Young Inc., the monitor in the proceedings of Abitibi-
Consolidated Inc., Bowater Inc. and certain of their affiliates,
as applicants under the Companies' Creditors Arrangement Act of
Canada,, recommends that affected unsecured creditors of
AbitibiBowater Inc. and its affiliates vote for the resolution to
approve the CCAA Plan of Compromise and Arrangement.

The CCAA Plan will be voted upon by the Affected Unsecured
Creditors at a creditors' meeting scheduled to be held in Montreal
on September 14, 2010.

Collectively, the CCAA Plan and the Chapter 11 Plan filed by the
U.S. AbitibiBowater Debtors in the U.S. Court provide for the
repayment of ABH's secured debt in excess of $1.1 billion and the
conversion of more than $7 billion of unsecured debt to equity in
Reorganized ABH.

The Monitor believes the contemplated restructuring transactions
under the Plans will significantly streamline and reduce the
complexity of ABH's organizational structure that will create
further synergies and benefits throughout the reorganized entity.

The Monitor's recommendation was noted in a 57th monitor report
delivered to Honorable Mr. Justice Clement Gascon, J.S.C., of the
Superior Court Commercial Division for the District of Montreal in
Quebec, Canada, on September 7, 2010.

The 57th Monitor Report also summarizes:

  -- an overview of the CCAA Plan;

  -- an overview of the Applicants' business and financial
     affairs;

  -- the restructuring initiatives undertaken by the Applicants
     since the commencement of the CCAA Proceedings;

  -- the status of the Claims Process and an estimate of the
     range of potential outcomes in respect of the remaining
     disputed claims and potential impact on the recoveries for
     Affected Unsecured creditors pursuant to the CCAA Plan; and

  -- the Liquidation Analysis the Monitor prepared.

To assist in the development of its restructuring plan, ABH, along
with its advisors, prepared a five-year pro forma business
financial forecast for the period January 1, 2010 through
December 31, 2014.

ABH presently expects to emerge on October 14, 2010, with
approximately $600 million in available liquidity, according to
the Monitor.

ABH estimates an enterprise value of $3.7 billion upon emergence,
with a debt balance of $1.25 billion and a $2.4 billion value for
the New ABH Common Stock.

The Company specifically forecasts a $427 million loss for 2010.
It projects net income to aggregate $1.5 billion in the next four
years -- $295 million in 2011; $387 million in 2012; $384 million
in 2013; and $445 million in 2014.

A full-text copy of the 57tht Monitor Report is available for free
at http://bankrupt.com/misc/ABH_CCAA57thMonitorRpt.pdf

                     About AbitibiBowater Inc.

AbitibiBowater (OTC: ABWTQ) produces newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  The Company also recycles old newspapers and
magazines.

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

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

U.S. Bankruptcy Judge Kevin Carey handles the Chapter 11 cases of
AbitibiBowater Inc. and its U.S. affiliates and the Chapter 15
case of ACI, et al.

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

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


ACORN ELSTON: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Acorn Elston, LLC
        4 East 72nd Street
        New York, NY 10021

Bankruptcy Case No.: 10-14807

Chapter 11 Petition Date: September 11, 2010

Court: U.S. Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: Lawrence F. Morrison, Esq.
                  140 East 45th Street, 19th Floor
                  New York, NY 10017
                  Tel: (212) 655-3582
                  Fax: (646) 539-3682
                  E-mail: morrlaw@aol.com

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

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

The petition was signed by John Coleman, managing member.

Debtor's List of 15 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Paul Hastings                      --                     $469,542
75 East 56th Street
New York, NNY 10022-3205

Plumbing Systems Inc.              --                      $25,140
P.O. Box 23088
Chicago, IL 60623

Cherry Logistics Corp.             --                      $22,857
149 S. Lincolnway, Suite 100
North Aurora, IL 60542

Doyle Signs, Inc.                  --                      $15,499

The Patching People, Inc.          --                       $7,225

Emerald Security Systems, Inc.     --                       $3,835

Burnham Nationwide                 --                       $3,362

TCL Electrical & Lighting          --                       $3,014

Kiafter & Burke                    --                       $3,000

Merrifield Architects, Ltd.        --                       $1,929

Professional Cleaning Co. Inc.     --                       $1,085

DC Landscape & Design, Inc.        --                         $875

Wirtz Rentals Company              --                         $620

Truck King Hauling Contractors     --                         $526

Edgemark Commercial Real Estate    --                          $24


ALL AMERICAN: Inks Deal with Caspar/Pope to Build Residence Hall
----------------------------------------------------------------
All American Building Systems LLC has signed a contract with
Caspar/Pope Joint Venture to build a new three story residence
hall for Casper College in Casper, Wyoming.  Construction of the
building will start almost immediately with a target for students
to move in by August of 2011.

Casper College serves approximately 4,000 full and part-time
students.  Casper was founded in 1945 and the current campus,
built in the mid 1950s, consists of 28 buildings.  The Casper
College Student Housing Committee's goal is to provide an improved
student living and learning environment, and they elected to apply
modern, modular design and construction methods to do it at an
affordable cost to the students.

The new residence hall will have approximately 122,000 square feet
with over 200 sleeping rooms to accommodate over 400 students.
The residence hall consists of four connecting buildings with a
central courtyard, adjoining a fifth building to be constructed
on-site by Caspar/Pope.  The three story multi-use buildings are
designed to fit in with the school's existing architecture while
incorporating modern styling and construction techniques. As part
of the project, an outdated hall will be demolished to make room
for the new building.

"We are excited to be selected to provide housing for the Casper
students," said Rick Bedell, President of All American Building
Systems, LLC.  "This is another example of AABS' commitment to the
educational housing market.  We are certain that our excellent
track record in building dormitories at other colleges contributed
to the selection of our Company for this project."

"Our Parallel Construction process enables us to avoid most of the
weather related issues that often plague traditional construction
practices, and deliver move-in-ready housing much faster than
traditional on-site construction techniques.  Where else could a
college sign a contract for a 200 room residence hall complex with
confidence that their students can move in less than one year
later? In-plant and on-site efficiencies and shorter construction
financing terms also translate into higher quality, lower cost
projects benefiting the project owner and in this case, students
as well."

AABS worked in conjunction on the design and planning phases of
the project with AndersonMasonDale Architects and Amundsen
Associates.  Caspar/Pope is the General Contractor for the
project.

                     About All American Group

Elkhart, Indiana-based All American Group, Inc., formerly Coachmen
Industries, Inc., (OTC:COHM.PK) says it is one of America's
premier systems-built construction companies under the ALL
AMERICAN BUILDING SYSTEMS(R), ALL AMERICAN HOMES(R), and MOD-U-
KRAF(R) brands, as well as a manufacturer of specialty vehicles.

At June 30, 2010, the Company had total assets of $81.310 million,
total liabilities of $48.104 million, and shareholders' equity of
$33.206 million.

During the first quarter of 2010, the Company failed to meet
certain financial covenants of the credit agreement with H.I.G.
All American LLC.  H.I.G. did not declare the Company to be in
default of any covenant and on April 5, 2010, the Company and
H.I.G. entered into the First Amendment to the Loan Agreement.
H.I.G. waived specified Events of Default that had occurred under
the Loan Agreement dated October 27, 2009 between the Company and
H.I.G. prior to April 5, 2010.

The Company said in its Form 10-Q report for the second quarter of
2010, that operating results for the six month period ended June
30, 2010, failed to meet the revised debt covenants set with
H.I.G. in the First Amendment to the Loan Agreement.  H.I.G. has
waived the covenant defaults through July 31, 2010 in exchange for
a waiver fee and expenses of $800,000 representing the value of
the penalties prescribed in the First Amendment, plus expenses,
and the issuance on August 24, 2010 of the Second Amended and
Restated Tranche B Note.  The Second Amendment provides that the
waiver fee and expenses, plus accrued interest on the convertible
debt thru August 24, 2010 of $800,000, be added to the principal
amount of the convertible note.  As a result of the Second
Amendment, the Tranche B Note has a face value of $12.5 million.

The Board of Directors and H.I.G. are currently in discussions to
work out mutually acceptable agreements for the long-term.  Since
the Company cannot be assured it will be in compliance with the
existing covenants after July 31, 2010 and discussions with H.I.G.
regarding revised covenants are continuing.

                           *     *     *

McGladrey & Pullen LLP, in Elkhart, Indiana, expressed substantial
doubt about the Company's ability to continue as a going concern
following the Company's 2009 results.  The auditors noted that
Coachmen has suffered recurring losses from operations and
continues to operate in an industry where economic recovery has
been very slow.


ALLIANT TECHSYSTEMS: S&P Puts 'BB-' Rating on $300MM Notes
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating to Alliant Techsystems Inc.'s (ATK) proposed $300 million
senior subordinated notes due 2020, one notch below the corporate
credit rating on the company.  In addition, S&P assigned a '5'
recovery rating to the notes, indicating its expectation that
lenders would receive modest (10%-30%) recovery in a payment
default scenario.  The company plans to use proceeds from the debt
issue to fund the redemption of around $280 million in convertible
subordinated notes due 2024 and for general corporate purposes.
S&P will withdraw the ratings on the redeemed notes once they are
paid off.  ATK also is considering refinancing its existing credit
facilities due 2012.  It's contemplating replacing its
$500 million revolving credit facility and $257.8 million term
loan with a new five-year facility consisting of a $600 million
revolving credit facility and a $400 million term loan.

ATK's revenues have increased significantly in recent years,
mostly as a result of a series of acquisitions that have improved
product and program diversity, but also due to good organic
growth.  Although the company faces certain challenges over the
coming year, including likely reductions in NASA-related revenues
and increased pension expense, S&P expects the Company to
maintain credit metrics consistent with our expectations for the
ratings, with fully adjusted debt to EBITDA of around 3.5x.  ATK
is the leading manufacturer of solid rocket motors for space-
launch vehicles and strategic missiles, and is second in the
market for tactical missiles.  In addition, the company is the
largest provider of small-caliber ammunition to the U.S. military
and has strong positions in tank and other types of ammunition.

Ratings list:

Alliant Techsystems Inc.
Corporate Credit Rating                 BB/Stable/--

New Rating

Alliant Techsystems Inc.
  $300 mil. sr sub notes due 2020       BB-
   Recovery rating                      5


ANCHOR IMPORT/EXPORT: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Anchor Import/Export, Inc.
          dba Anchor Auto Collision
              Anchor Auto Storage
              Anchor Auto Center
              MI Gente Auto Sales
          aka Anchor Auto Sales
        6716 Long Drive
        Houston, TX 77087-3414

Bankruptcy Case No.: 10-37878

Chapter 11 Petition Date: September 6, 2010

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

Judge: Letitia Z. Paul

Debtor's Counsel: Samuel L. Milledge, Esq.
                  10333 Northwest Freeway, Suite 202
                  Houston, TX 77092
                  Tel: (713) 812-1409
                  Fax: (713) 812-1418
                  E-mail: milledge@milledgelawfirm.com

Scheduled Assets: $615,052

Scheduled Debts: $1,305,966

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

The petition was signed by Olga Carmona, president.


ANCLA INTEREST: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: Ancla Interest, Ltd
        6716 Long Drive
        Houston, TX 77087-3414

Bankruptcy Case No.: 10-37910

Chapter 11 Petition Date: September 7, 2010

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

Judge: Marvin Isgur

Debtor's Counsel: Samuel L. Milledge, Esq.
                  10333 Northwest Freeway, Suite 202
                  Houston, TX 77092
                  Tel: (713) 812-1409
                  Fax: (713) 812-1418
                  E-mail: milledge@milledgelawfirm.com

Scheduled Assets: $574,702

Scheduled Debts: $1,210,500

The petition was signed by Olga Carmona, president.

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

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Wells Fargo Bank, National         Deed of Trust        $1,210,500
Association                        Lien
c/o Seyfarth Shaw, LLP
700 Louisiana Street
Houston, Texas 77002-2797


ARIAD PHARMACEUTICALS: Earns $159.3 Million in June 30 Quarter
--------------------------------------------------------------
ARIAD Pharmaceuticals, Inc., filed its quarterly report on Form
10-Q, reporting net income of $159.3 million on $175.0 million of
revenue for the three months ended June 30, 2010, compared with a
net loss of $21.0 million on $2.1 million of revenue for the same
period last year.  For the three months June 30, 2010, the Company
reported license and collaboration revenue of $172.3 million.

The Company expects to incur significant operating expenses and
net losses through at least 2011.  The Company says it will
require substantial additional funding to support its operations
through 2011 and beyond.

The Company's balance sheet at June 30, 2010, showed $98.4 million
in total assets, $43.7 million in total liabilities, and
shareholders' equity of $54.7 million.

As reported in the Troubled Company Reporter on March 22, 2010,
Deloitte & Touche LLP, in Boston, expressed substantial doubt
about the Company's ability to continue as a going concern,
following its 2009 results.  The independent auditors noted of the
Company's recurring losses from operations and negative operating
cash flows.

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

               http://researcharchives.com/t/s?6b17

Cambridge, Mass.-based ARIAD Pharmaceuticals, Inc. (NASDAQ: ARIA)
focuses on novel, molecularly targeted therapies to treat solid
tumors and hematologic cancers, as well as the spread of primary
tumors to distant sites.  The Company's lead cancer product
candidate, ridaforolimus, is being studied in multiple clinical
trials in patients with various types of cancers.


BENNI-5462, LP: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Benni-5462, LP
          dba River City Bar & Grill
         fdba Bennigan's Grill & Tavern
        600 Round Rock West Drive, Suite 404
        Round Rock, TX 78681

Bankruptcy Case No.: 10-12552

Chapter 11 Petition Date: September 6, 2010

Court: U.S. Bankruptcy Court
       Western District of Texas (Austin)

Judge: Craig A. Gargotta

Debtor's Counsel: Barbara M. Barron, Esq.
                  Stephen W. Sather, Esq.
                  BARRON & NEWBURGER, P.C.
                  1212 Guadalupe, Suite 104
                  Austin, TX 78701
                  Tel: (512) 476-9103
                  Fax: (512) 476-9253
                  E-mail: bbarron@bnpclaw.com
                          ssather@bnpclaw.com


Scheduled Assets: $1,454,888

Scheduled Debts: $5,719,669

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-12552.pdf

The petition was signed by Amer Hammoud, president of general
partner.

Debtor-affiliates that filed separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Den-6768, LP                          10-10717            03/18/10
Den-7300, LP                          10-10720            03/18/10
Den-7817, LP                          10-10031            01/04/10


BIOLASE TECHNOLOGY: Posts $4.2 Million Net Loss in June 30 Quarter
------------------------------------------------------------------
BIOLASE Technology, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $4.2 million on $5.9 million of revenue
for the three months ended June 30, 2010, compared with net income
of $2.3 million on $14.3 million of revenue for the same period
last year.

The Company's balance sheet at June 30, 2010, showed $20.3 million
in total assets, $21.6 million in total liabilities, and a
stockholders' deficit of $1.3 million.

As reported in the Troubled Company Reporter on March 22, 2010,
BDO Seidman, LLP, in Costa Mesa, 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 from operations, has had
declining revenues, has limited financial resources at
December 31, 2009, and is substantially dependent upon its primary
distributor for future purchases of the Company's products.

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

               http://researcharchives.com/t/s?6b22

                     About BIOLASE Technology

Irvine, Calif.-based BIOLASE Technology, Inc. (NASDAQ: BLTI)
-- http://www.biolase.com/-- is a dental laser company.  The
Company develops, manufactures and markets Waterlase technology
and lasers and related products that advance the practice of
dentistry and medicine.


BLOCKBUSTER INC: Tom Casey Quits as CFO; McGill Takes Post
----------------------------------------------------------
Blockbuster Inc. has been provided notice by Thomas M. Casey of
his resignation as the Company's Executive Vice President and
Chief Financial Officer, effective as of the close of business on
September 11, 2010.

On September 7, 2010, the Company and Mr. Casey entered into a
separation agreement that amends the terms of the Amended and
Restated Employment Agreement between the Company and Mr. Casey
dated May 17, 2010.

A copy of the separation agreement is available at no charge at
http://ResearchArchives.com/t/s?6b27

The Company has hired Dennis McGill to serve as Executive Vice
President and Chief Financial Officer, effective September 11,
2010.  Prior to joining the Company, Mr. McGill served in a number
of senior-level financial and operational capacities with large
public and private companies, most recently serving as Executive
Vice President and Chief Financial Officer of Safety-Kleen
Systems, Inc.

                      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.

On September 1, 2010, Blockbuster didn't make the $13.5 million
semi-annual interest payment on its $300 million in 9% senior
subordinated debt, issued in August 2004.  On July 1, 2010, the
Company failed to redeem a portion of its 11.75% Senior Secured
Notes due 2014 or to make its scheduled interest payment on the
Senior Notes.  As a result, the Company was prohibited from
making, and did not make, the scheduled interest payment on the
Junior Notes on Sept. 1, 2010.


BLUEGREEN CORP: S&P Affirms 'CCC' Corporate; Outlook Now Positive
-----------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook for
Boca Raton, Fla.-based Bluegreen Corp. to positive from negative.
S&P affirmed 'CCC' corporate credit rating on the company.

The outlook revision to positive reflects Bluegreen's completion
of a secured financing of timeshare receivables previously pledged
to the Company's warehouse facility with Branch Banking & Trust
Company, which in S&P's view increases the likelihood of the
Company successfully completing a term securitization over the
intermediate term.  In addition, Bluegreen has executed an
extension to the revolving advance period of the amended and
restated $125 million BB&T facility by one year through Aug. 31,
2011, may successfully extend its facility led by Liberty Bank for
a two-year period, and is pursuing two additional lending
facilities totaling $40 million.  Regaining access to term
securitization markets is a key rating factor for Bluegreen, as
this source of financing provides long-term operating liquidity
that enables the company to finance its customers' purchases of
timeshare interests.

Although the completed $27 million secured timeshare receivable
financing was small and the sale was with recourse to Bluegreen,
the transaction resulted in the sale of timeshare receivables that
Bluegreen has estimated to be of low credit quality (the advance
rate in the deal was 67%).  Bluegreen plans to securitize the
remaining eligible BB&T facility receivables, which totaled
$112 million and are estimated by the company to be of higher
credit quality, increasing the potential for a successful
securitization transaction.  S&P believes Bluegreen plans to use
the securitization proceeds (if a deal is completed) to repay
substantially all outstanding amounts under the BB&T facility and,
following a repayment, the BB&T facility commitment would decrease
to $50 million.  If the company completes these transactions,
Bluegreen may reestablish access to timeshare securitization
markets after a two-year absence, put in place a moderate level of
facility availability that we estimate to be around $90 million,
and position the company to potentially further diversify its
lending sources.

Still, S&P's 'CCC' rating reflects Bluegreen's "less than
adequate" current liquidity position, which, in S&P's view, is
primarily the result of an extended absence from the
securitization markets.  This has led to a modest level of
warehouse facility availability to execute the company's sales
plan.  In addition, Bluegreen faces the challenge of generating
sufficient cash to meet required facilities amortization payments
of approximately $35 million for the remainder of 2010 and
$60 million in 2011.  While other timeshare operators (e.g.,
Wyndham, Starwood, and Marriott) successfully accessed the
timeshare securitization market in 2009 and 2010, Bluegreen has
not done so since 2008.   Bluegreen's average cumulative default
rates of its receivables generally exceed those of its peers.
Moreover, the company has not historically substituted or
repurchased a substantial amount of defaulted loans inside term
securitizations.  As a result, S&P believes that investor demand
for Bluegreen timeshare receivables compares unfavorably to peers.

S&P's rating on Bluegreen also reflects its doubts about the long-
term viability of the company's business model without, or with
limited, access to financing from timeshare securitization
markets.  At the end of 2008, the Company began implementing a set
of strategic initiatives to reduce financing needs and preserve
its liquidity position, which included a plan to significantly
reduce timeshare sales.  In 2009, Bluegreen timeshare sales fell
52%, and the Company shifted its focus to resort management and
sales of third-party timeshare intervals for a fee.  During the
first half of 2010, Bluegreen's timeshare sales (before additional
loan losses in excess of estimated uncollectible accounts)
decreased 12%.  Without additional liquidity to fund them,
timeshare sales may experience a similar rate of decline in the
second half of 2010 and 2011.


BOSTON GENERATING: S&P Withdraws Recovery Ratings on $1.13BB Loan
-----------------------------------------------------------------
Following the recent filing of Boston Generating LLC into
bankruptcy, Standard & Poor's Ratings Services said it withdrew
its debt and recovery ratings on the company's $1.13 billion
first-lien term bank loan ($1.093 billion outstanding as of
March 31, 2010), $250 million first-lien letter of credit, the
$70 million first-lien revolver (all due in 2013), and the
$350 million second-lien term bank loan due 2014.

Ratings Withdrawn:
                                    To      From
Boston Generating LLC
Senior Secured
  $70 mil 1st lien revolv bank ln   NR      D
   Recovery Rating                  NR      1
  $250 mil 1st lien LOC bank ln     NR      D
   Recovery Rating                  NR      1
  $1.13 bil 1st lien term bank ln   NR      D
   Recovery Rating                  NR      1
  $350 mil 2nd lien term bank ln    NR      D
   Recovery Rating                  NR      6


BRIGGS & STRATTON: S&P Puts Prelim BB- Rating on Sr. Unsec. Debt
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary 'BB-'
senior unsecured debt rating and preliminary 'B' subordinated debt
rating to Wauwatosa, Wis.-based Briggs & Stratton Corp.'s (BB-
/Stable/--) Rule 415 shelf registration.

The new shelf has an indeterminate aggregate initial offering
amount and number of debt securities.  The company has indicated
that it will use the net proceeds from the debt issuance for
general corporate purposes, which may include refinancing of
existing indebtedness.

The preliminary shelf ratings assume that any potential senior
secured issuance would not meaningfully impact the senior
unsecured debt rating.  However, if the company were to issue
additional secured debt, S&P would re-evaluate all existing and
preliminary issue-level ratings.  The ratings on Briggs reflect
the mature and competitive nature of the Company's end markets;
the high degree of seasonality and earnings volatility in its
businesses, which are susceptible to adverse weather conditions
and the discretionary nature of lawn and garden engine sales; and
overall negative unit volume trends in the small engine industry.
Still, the company benefits from a stable and sizable market share
position as a producer of air-cooled gasoline engines and engine-
powered outdoor equipment, and its financial profile has remained
relatively stable.


BUENA VISTA: Case Summary & 16 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Buena Vista Houses LLC
        1201 Dame Susan
        Lewisville, TX 75056

Bankruptcy Case No.: 10-36324

Chapter 11 Petition Date: September 6, 2010

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

Judge: Barbara J. Houser

Debtor's Counsel: Bruce Edward Turner, Esq.
                  1750 Valley View Lane
                  Dallas, TX 75234
                  Tel: (214) 691-1776 ext. 231
                  Fax: (972) 862-2331
                  E-mail: bturner@bennettweston.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 16 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txnb10-36324.pdf

The petition was signed by John C. Lopez, managing member.


BV JORDANELLE: Section 341(a) Meeting Scheduled for Oct. 7
----------------------------------------------------------
The U.S. Trustee for Region 19 will convene a meeting of BV
Jordanelle, LLC's creditors on October 7, 2010, at 11:00 a.m.  The
meeting will be held at 405 South Main Street, Suite 250, Salt
Lake City, UT 84111.

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.

Idaho Falls, Idaho-based BV Jordanelle, LLC, owns approximately
730 acres of undeveloped real property on the south side of
Jordanelle Reservoir, about five miles east on State Route 32 from
U.S. Highway 40, in Wasatch County.  It filed for Chapter 11
bankruptcy protection on September 2, 2010 (Bankr. D. Utah Case
No. 10-32121).  Michael R. Johnson, Esq., at Ray Quinney & Nebeker
P.C., 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.


BV JORDANELLE: Taps Ray Quinnery as General Bankruptcy Counsel
--------------------------------------------------------------
BV Jordanelle, LLC, asks for authorization from the U.S.
Bankruptcy Court for the District of Utah to employ Ray Quinney &
Nebeker P.C. as general bankruptcy and litigation bankruptcy
counsel.

RQN will, among other things:

     a. prepare motions, applications, answers, orders, reports
        and papers as required by applicable bankruptcy or non-
        bankruptcy law, dictated by the demands of the case, or
        required by the Court, and represent the Debtor in
        proceedings or hearings related thereto;

     b. assist the Debtor in analyzing and pursuing possible
        business reorganizations;

     c. assist the Debtor in analyzing and pursuing any proposed
        dispositions of assets of the Debtor's estate; and

     d. prepare and advise the Debtor regarding any Chapter 11
        plan filed by the Debtor and advise the Debtor regarding
        Chapter 11 plans filed by other constituents in the
        Debtor's case.

The hourly rates of RQN's personnel are:

        Michael R. Johnson, Principal Attorney           $345
        Shareholders                                  $210-$345
        Of Counsels                                   $255-$290
        Associates                                    $160-$220
        Paralegals                                    $115-$135

Michael R. Johnson, Esq., a shareholder and director at RQN,
assures the Court that the firm is a "disinterested person" as
that term is defined in Section 101(14) of the Bankruptcy Code.

Idaho Falls, Idaho-based BV Jordanelle, LLC, owns approximately
730 acres of undeveloped real property on the south side of
Jordanelle Reservoir, about five miles east on State Route 32 from
U.S. Highway 40, in Wasatch County.  It filed for Chapter 11
bankruptcy protection on September 2, 2010 (Bankr. D. Utah Case
No. 10-32121).  The Debtor estimated its assets and debts at
$10 million to $50 million as of the petition date.


CAPMARK FINANCIAL: Wants CFI's PA Sales Tax Liability Determined
----------------------------------------------------------------
Capmark Financial Group Inc. and its units ask the Court to
approve Capmark Finance Inc.'s request that the Court exercise its
discretion under Section 505(a)(1) of the Bankruptcy Code to
determine CFI's Pennsylvania sales tax liability on certain
Equipment Loan Payments, which comprises a portion of the PA Tax
Assessment asserted by the Pennsylvania Department of Revenue
against CFI.

Should the Court decline to determine CFI's sales tax liability
on the Equipment Loan Payments, the Debtors request that the
Court either (i) determine that CFI is not required to pay the PA
Tax Assessment to preserve its right to contest the assessment
under Pennsylvania state law, or (ii) authorize CFI to pay the
non-priority penalties included in the PA Tax Assessment if CFI
must pay the PA Tax Assessment to preserve its rights to seek a
refund pursuant to state law.

The DOR issued a notice of audit assessment to CFI on March 14,
2010, claiming CFI owed additional tax for its understatement of
and failure to remit sales tax alleged to be due on loan
repayments made to CFI by certain customers, in respect of loans
CFI provided to finance the customers' purchases of machinery and
equipment.  According to the Debtors, it is the DOR's erroneous
contention that the financing transactions are actually equipment
leases, and the customers' payments to CFI thereunder are
subject to sales tax.

DOR filed, on March 25, 2010, a proof of claim against CFI, for
$3,369,245.  Included in the proof of claim is a claim for
$668,717, representing the principal amount due for sales and use
tax assessed with respect to the Equipment Loan Payments and
various other transactions, and $134,536 and $214,201,
representing interest and penalties due, in respect of the
claimed sales and use tax, for an aggregate assessment of
$1,017,454.

The Debtors note that of the $668,717 of tax claimed to be due,
CFI disputes $375,550 of the amount, which represents the sales
tax portion of the Equipment Loan Payments.  As reflected in the
DOR's proof of claim, the asserted sales tax and interest are
identified as unsecured priority claims, and the penalties as
unsecured non-priority claims.

Because CFI did not receive the Audit Notice and had no knowledge
of its receipt by Berkadia Commercial Mortgage LLC, the Debtors
relate that CFI did not become aware of the tax assessment until
June 22, 2010, in the course of reviewing the claims register,
which lists the DOR's proof of claim.  Having belatedly become
aware of the Audit Notice by reviewing the proof of claim, and
realizing the June 12 deadline to petition for reassessment had
already passed, the Debtors immediately contacted the DOR's Board
of Appeals, and requested an extension for filing a petition for
reassessment.

The Debtors explained that CFI's failure to timely lodge a
petition was inadvertent, as the Audit Notice was not sent to its
current address and was signed for by a non-Capmark employee who
neglected to notify CFI.  However, the DOR's Board of Appeals
denied the request, noting the Audit Notice had been mailed to
the address then on file.

The Debtors tell the Court CFI has only one remaining state law
remedy: to pay the PA Tax Assessment in full, including interest
and penalties, and then file a petition for a refund under state
law by September 14, 2010.  According to the Debtors, CFI's
failure to do so in a timely manner will forfeit CFI's rights to
contest the assessment.

The Debtors assert that having to pay the PA Tax Assessment in
full, including the amount of the disputed sales tax related to
the Equipment Loan Payments and interest and penalties thereon,
outside of a Chapter 11 plan and the normal claims objection and
reconciliation process provided for under the Bankruptcy Code, to
preserve its right to contest the assessment and request a
refund, would adversely impact CFI in several ways:

  (1) The Debtors' federal law entitlement to pay the priority
      portion of the claim under a Chapter 11 plan over five
      years, pursuant to Section 1129(a)(9) of the Bankruptcy
      Code, will be extinguished in favor of a state law
      process;

  (2) The DOR would enjoy a windfall on the non-priority
      penalties -- $214,200 -- included in its claim, to the
      detriment of CFI's other unsecured creditors, who will
      likely receive only a percentage of their claims and whose
      recoveries will be unfairly diminished by the DOR's full
      recovery on its general unsecured penalty claims; and

  (3) The state law process to obtain a refund is known to
      proceed at a glacial pace, and could take years to
      resolve, while CFI's estate suffers a depletion of in
      excess of $1 million.

The Court will hear the motion on September 10, 2010.

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- is a diversified company that provides
a broad range of financial services to investors in commercial
real estate-related assets.  Capmark has three core businesses:
lending and mortgage banking, investments and funds management,
and servicing.  Capmark operates in North America, Europe and
Asia.  Capmark has 1,000 employees located in 37 offices
worldwide.

On October 25, 2009, Capmark Financial Group Inc. and certain of
its subsidiaries filed voluntary petitions for relief under
Chapter 11 (Bankr. D. Del. Case No. 09-13684)

Capmark's financial advisors are Lazard Freres & Co. LLC and
Loughlin Meghji + Company.  Capmark's bankruptcy counsel is Dewey
& LeBoeuf LLP.  Richards, Layton & Finger, P.A., serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

Capmark had total assets of US$20 billion against total debts of
US$21 billion as of June 30, 2009.

Protech Holdings C, LLC, an affiliate of Capmark, filed for
Chapter 11 protection on July 29, 2010 (Bankr. D. Del. Case No.
10-12387).  The Debtor estimated assets and debts in excess of $1
billion as of the filing date.

Since filing in Chapter 11, Capmark completed three sales to
generate more than $1 billion cash. Berkshire Hathaway Inc. and
Leucadia National Corp. bought most of the business for
$468 million.

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


CELANESE US: S&P Puts BB- Rating on $400MM Senior Unsecured Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned an issue-level rating
of 'BB-' and a recovery rating of '5' to Celanese U.S. Holdings
LLC's proposed $400 million senior unsecured notes due 2018 to be
issued under registration 144A with registration rights.  The '5'
recovery rating indicates our expectation for modest (10% to 30%)
recovery in the event of a payment default.

Based on preliminary terms and conditions, S&P is assigning its
issue-level and recovery ratings of 'BB+' and '2' to the company's
proposed amended and restated $2 billion U.S. and euro denominated
senior secured term loans and $600 million revolving credit
facility.  SNP's issue-level and recovery ratings of 'BB+' and '2'
on the Company's existing senior secured debt remain unchanged.
These ratings indicate S&P's expectation of substantial (70% to
90%) recovery in the event of a payment default.

Proceeds from the proposed notes issuance and $200 million in cash
on hand will be used to prepay $600 million on the term loans.  As
part of the transaction, the Company is seeking to amend the
credit agreement to extend the maturity date of $1 billion of the
remaining $2.09 billion outstanding on the term loans (to October
2016 from April 2014) and extend the maturity of the $600 million
revolving credit facility to October 2015.

"The ratings on chemical producer Celanese U.S. Holdings LLC, a
subsidiary of Celanese Corp., reflect its aggressive financial
risk profile, and the cyclicality and highly competitive nature of
the company's businesses," said Standard & Poor's credit analyst
Liley Mehta.

A key factor that offsets these weaknesses is the company's
satisfactory business risk profile as a leading global producer of
diverse commodity and industrial chemicals.  Other positives
include the relative stability of operating profits that reflects
the strength of Celanese's competitive positions and the solid
internal funds generation that enhances the flexibility to make
bolt-on acquisitions and capital investments when necessary.


CHAPARRAL ENERGY: S&P Puts B+ Rating on Proposed $300MM Sr. Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned issue-level and
recovery ratings to Chaparral Energy Inc.'s proposed $300 million
senior unsecured notes due 2020.

The issue-level rating is 'B+' (one notch above the corporate
credit rating).  At the same time, S&P assigned a recovery rating
of '2' to this debt, indicating S&P's expectation of substantial
(70%-90%) recovery in the event of a payment default.

"Our recovery analysis incorporates Chaparral's plans to use the
proceeds from the proposed notes offering to repay outstanding
balances under its revolving credit facility, and help fund
capital spending," said Standard & Poor's credit analyst Paul
Harvey.

Chaparral Energy is a natural gas and crude oil exploration and
production company based in Oklahoma City.  S&P's corporate credit
rating on Chaparral is 'B', and the outlook is stable.

Ratings list

Chaparral Energy Inc.
Corporate Credit Rating             B/Stable/--

Ratings Assigned

Chaparral Energy Inc.
Senior Unsecured Notes Due 2020     B+
   Recovery Rating                   2


CHARLES WOOD: Case Summary & 18 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Charles Owen Wood
        186 Pinehurst Drive
        Bowling Green, KY 42103

Bankruptcy Case No.: 10-11373

Chapter 11 Petition Date: September 7, 2010

Court: U.S. Bankruptcy Court
       Western District of Kentucky (Bowling Green)

Judge: Joan A. Lloyd

Debtor's Counsel: Mark H. Flener, Esq.
                  P.O. Box 8
                  1143 Fairway Street, Suite 101
                  Bowling Green, KY 42102-0008
                  Tel: (270) 783-8400
                  Fax: (270) 783-8873
                  E-mail: mark@flenerlaw.com

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

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

A list of the Debtor's 18 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/kywb10-11373.pdf


CINCINNATI BELL: Torbeck Named President of Communications Group
----------------------------------------------------------------
Cincinnati Bell Inc. hired on Sept. 7, 2010, Theodore H. Torbeck
to serve as President and General Manager for the Cincinnati Bell
Communications Group.  Mr. Torbeck currently serves as Chief
Executive Officer at The Freedom Group Inc., a designer and
manufacturer of firearms and related products with recognized
brands including Remington and Bushmaster.

Prior to this role, Mr. Torbeck was Vice President of Operations
at General Electric Industrial from 2006 to 2008 where he was
responsible for productivity and operational improvement for six
major industrial businesses at General Electric.  From 2003 to
2006, Mr. Torbeck served as President and CEO of General
Electric's Rail Services.  Mr. Torbeck holds a B.S. degree in
Marketing/ Marketing Management from Miami University and an
M.B.A. from Xavier University.

In connection with Mr. Torbeck's appointment as President and
General Manager for the Cincinnati Bell Communications Group, the
Company entered into an Employment Agreement with Mr. Torbeck on
September 7, 2010.  Mr. Torbeck's Agreement provides for the
employment and retention of Mr. Torbeck as President and General
Manager for the Cincinnati Bell Communications Group for a one-
year term subject to automatic one-year extensions.  Mr. Torbeck's
Agreement provides for a minimum base salary of $700,000 per year
and a minimum bonus target of $700,000.  Mr. Torbeck will also be
eligible for long term incentive awards under the Company's 2007
Long Term Incentive Plan and/or any similar plan made available to
the Company's executives.

A full-text copy of the Employment Agreement is available for free
at http://ResearchArchives.com/t/s?6b1a

                      About Cincinnati Bell

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

The Company's balance sheet at June 30, 2010, showed $2.60 billion
in total assets, $3.22 billion in total liabilities, and
a $642.90 million stockholders' deficit.

                          *     *     *

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

In June 2010, when Fitch Ratings downgraded the Issuer Default
Rating to 'B' from 'B+', the rating agency said, "The downgrade
reflects the increase in financial and business risk caused by
Cincinnati Bell's acquisition of privately held data center
operator CyrusOne Networks, LLC, as well as a potentially more
aggressive strategy on the part of CBB to expand its data center
business."


CLAIM JUMPER: Proposes to Sell Restaurants to Canyon Capital
------------------------------------------------------------
Claim Jumper Restaurants LLC has entered into an Asset Purchase
Agreement with Private Capital Partners, an affiliate of Canyon
Capital Advisors LLC, to sell substantially all of its assets
and operations.  The Company operates 45 Claim Jumper Restaurants
in eight states.  Canyon Capital is a leading alternative
asset manager headquartered in Los Angeles, California with
approximately $18 billion in assets under management.  Private
Capital Partners is an existing investor in the Company.

In accordance with the terms of this agreement and to facilitate
the sale transaction, the Company and its subsidiary filed
voluntary petitions for reorganization under Chapter 11 of the
U.S. Bankruptcy Court for the District of Delaware in Wilmington.
Claim Jumper Restaurants is expected to emerge from Chapter 11 in
approximately 60 to 75 days with new ownership and a significantly
strengthened balance sheet.  As a result of this transaction, the
business will be adequately capitalized and debt-free.

"This transaction represents a great outcome for our company, our
loyal guests, our employees and our valued business partners,"
said Chief Executive Officer Mark Augarten.  "We are excited about
the prospect of quickly implementing the sale through the Chapter
11 process which will allow us to emerge within two months as a
company with zero debt, thereby providing the recapitalized
business with stability and greater financial flexibility to
promote future growth and success."

"Claim Jumper is one of America's great restaurant chains with a
long heritage in its communities, extremely loyal guests, and an
exceptional employee base that is committed to providing service
that is second to none," said Private Capital Partners Principal
Tom Barber.  "We are excited about partnering with Claim Jumper
management to build upon the success that the Company has enjoyed
for more than 30 years."

                 The Transaction will be Seamless
                    for Guests and Employees

The Company said that it has a commitment by its existing lenders
to provide debtor in possession financing and has more than
adequate liquidity to meet all of its operating needs throughout
the sale process.

The Company also emphasized that throughout the sale process and
beyond, its restaurants will remain focused on providing guests
with a warm and welcoming experience in which they can enjoy
generous portions of the fresh, high-quality food they expect from
Claim Jumper.

"Our operations will continue just as they always have during the
sale process.  Our restaurants will continue to serve our loyal
guests generous portions of fresh American cuisine with a modern
twist.  We will continue to pay our valued employees as well as
our vendors for post-petition purchases of goods and services in
the normal course of business," Mr. Augarten said. "It will be
business as usual while we complete the sale transaction."

                         The Sale Process

In conjunction with the Chapter 11 filing and as required under
Section 363 of the Code, the Company also filed a motion for the
establishment of bidding procedures to allow other qualified
bidders to submit higher and better offers for its assets.

Piper Jaffray & Co. serves as exclusive financial advisor to Claim
Jumper in its sale process and Milbank, Tweed, Hadley & McCoy
serves as lead bankruptcy counsel.

                         About Claim Jumper

Inspired by California's Gold Rush history, Claim Jumper
Restaurants -- http://www.claimjumper.com-- opened its first
location in Los Alamitos, California in 1977.  The casual dining
concept is an established family favorite, operating 45
restaurants throughout the West Coast and parts of the Midwest.
With a modern twist on traditional American cuisine and a full-
service saloon, the chain's extensive menu offers a wide variety
of food and beverage choices using only the finest, freshest
ingredients available.  Claim Jumper Restaurants accept
reservations and are open daily for lunch and dinner.

Claim Jumper Restaurants, LLC, filed for Chapter 11 protection on
September 10, 2010 (Bankr. D. Del. Case No. 10-12819).  Affiliate
Claim Jumper Management, LLC, also sought bankruptcy protection.

Curtis A. Hehn, Esq., James E. O'Neill, Esq., and
Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP,
serve as local counsel for the Debtors.  Attorneys at  Milbank,
Tweed, Hadley & McCloy LLP are the general bankruptcy counsel.
Piper Jaffray & Co. is the financial advisor, and Kurtzman Carson
Consultants LLC is the claims and noticing agent.  Claim Jumper
Restaurants estimated assets of $50 million to $100 million and
debts of $100 million to $500 million in its Chapter 11 petition.


CLIFF HODGE: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Cliff Hodge & Associates, Inc.
        1701 Noble Way
        Flower Mound, TX 75022

Bankruptcy Case No.: 10-43040

Chapter 11 Petition Date: September 6, 2010

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

Judge: Brenda T. Rhoades

Debtor's Counsel: Christopher J. Moser, Esq.
                  QUILLING, SELANDER, CUMMISKEY & LOWNDS
                  2001 Bryan Street, Suite 1800
                  Dallas, TX 75201-3005
                  Tel: (214) 871-2100
                  E-mail: cmoser@qsclpc.com

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

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

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

The petition was signed by Shelia K. Hodge, president.


CMPR GROUP: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: CMPR Group Holdings Inc.
          dba Mount Vernon Apt Complex
        Suite D 163
        2221 Peachtree Street NE
        Atlanta, GA 30309

Bankruptcy Case No.: 10-86593

Chapter 11 Petition Date: September 7, 2010

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

Judge: Paul W. Bonapfel

Debtor's Counsel: Dale A. Calomeni, Esq.
                  CALOMENI & ASSOC., LLC
                  1197 Canton Street
                  P.O. Box 2358
                  Roswell, GA 30075
                  Tel: (770) 640-1190

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 Donald Thomas, Debtor's director-
secretary.


COLONIAL LIFE: A.M. Best Withdraws 'C' Financial Strength Rating
----------------------------------------------------------------
A.M. Best Co. has withdrawn the financial strength rating of C
(Weak) and issuer credit rating (ICR) of "ccc" of Colonial Life
Insurance Company (Trinidad) Limited (CLICO) (Trinidad & Tobago)
and assigned an NR-5 (Not Formally Followed) to the FSR and an
"nr" to the ICR.  The ratings have been removed from under review
with negative implications. CLICO is an insurance member company
of CL Financial Limited (CL Financial), a diversified holding
company based in Trinidad & Tobago.

The rating actions reflect CLICO's management's decision to no
longer participate in A.M. Best's interactive rating process.
Despite repeated requests, A.M. Best has been unsuccessful in
receiving updated financial information or satisfactory levels of
dialogue with CLICO's new management.  The information A.M. Best
was requesting is necessary for A.M. Best to perform its analysis
on the financial condition of the company.  Given the lack of
transparency, A.M. Best is withdrawing its interactive rating on
the company effective immediately.


CONTINENTAL AIRLINES: CEO Reaffirms Commitment to Cleveland
-----------------------------------------------------------
Continental Airlines Chairman, President and CEO Jeff Smisek
earlier this month reaffirmed Continental's commitment to
Cleveland and denounced legal maneuvers by a plaintiffs' lawyer
aimed at distorting the facts.

"Continental is firmly committed to Cleveland and will remain so
after its merger with United," said Mr. Smisek in a September 1
statement.

Mr. Smisek will head the new United Airlines after the combination
with Continental.  He referred to reports insinuating that
Continental would drastically reduce its service to Cleveland as a
result of the merger.

The reports were based on one of many simulations analyzed before
the merger was announced, and modeled the most severe recession or
disaster scenario.  The simulation was promoted by the plaintiffs'
attorney in the trial of a lawsuit filed in California challenging
the merger.

"Other simulations showed Cleveland maintaining its size and
others showed it growing," Mr. Smisek said. "This was never a plan
for Cleveland or any of our hubs."

"We are meeting with Mayor Jackson and business leaders on an on-
going basis to ensure Cleveland maintains excellent air service
after the merger. We consider Cleveland an important hub and one
of our hometowns and resent this attempt to cause concern among
our customers and employees," Mr. Smisek said.

He reiterated that he expects the merger will have minimal impact
on front-line employees, "including our co-workers in Cleveland."

                    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.


CONTINENTAL AIRLINES: Unveils Changes to Stock Option Plans
-----------------------------------------------------------
Continental Airlines advised employees last week that upon
completion of its merger with UAL Corp.'s United Air Lines,
outstanding broad based stock options granted under the
Continental Airlines, Inc. 2005 Broad Based Employee Stock Option
Plan and the 2005 Pilot Supplemental Option Plan will be converted
into options to purchase shares in UAL Corporation, United's
parent company, which will be renamed United Continental Holdings,
Inc. at the time of the merger closing.

The number of shares that can be purchased under the adjusted
options will be converted at the merger exchange ratio of 1.05
shares of UAL common stock for every share of CO common stock, and
rounded down to the nearest whole share. For example, if, at the
time of the merger, a shareholder has outstanding options to
purchase 100 shares of CO's common stock, these options will
convert to options to purchase 105 shares of UAL common stock. The
exercise price under the converted options will also be adjusted
by dividing the current exercise price by the exchange ratio
(1.05), and rounding up to the nearest whole cent. For example, if
the current exercise price under a shareholder's outstanding CO
options were $10.00/share of CO common stock, the converted
options would be adjusted to provide for an exercise price of
$9.53/share of UAL common stock ($10.00/1.05) upon the completion
of the merger.

There will be a brief blackout period at the time of merger
closing during which optionees will be restricted from exercising
options or selling shares obtained from option exercises so that
stock option accounts can be converted. The exact blackout dates
have yet to be determined but will be communicated in advance of
the blackout period.

Other than the changes described, outstanding options under the
Broad Based Plans will continue to be subject to the same terms.
Vested options granted under the Broad Based Plans will remain
exercisable until they expire, subject to certain termination
rules outlined in your stock option grant document.  Shareholders
can view their stock option account at Morgan Stanley Smith Barney
by going to http://www.benefitaccess.com/

For more information, please contact Employee Stock Options
Administration at employeestockoptions@coair.com or call 713-324-
5021, option 3.

ESPP to End Soon

Continental also said the merger will also mean CO's Employee
Stock Purchase Plan will end. The last payroll deduction for the
current quarterly purchase period is expected to occur in mid-
September, and the employee's accumulated payroll deduction
contributions will then be used to buy shares of CO common stock.
In connection with the merger, there will be a short blackout
period during which participants will be restricted from selling
shares in their ESPP accounts so that the shares of CO stock held
in ESPP accounts can be converted into shares of the common stock
of UAL.  The exact blackout dates have not yet been determined,
but ESPP participants will be notified in advance of the blackout
period.

Participants need not take any action at this time, and Morgan
Stanley Smith Barney will continue to maintain participants'
accounts.

                       About UAL Corporation

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest air
carrier.  The airline flies to Brazil, Korea and Germany.

The company filed for Chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors.  Judge Eugene R. Wedoff
confirmed a reorganization plan for United on Jan. 20, 2006.  The
Company emerged from bankruptcy on Feb. 1, 2006.

Reorganized UAL Corp. carries a 'B3' corporate family and
probability of default ratings from Moody's, 'B-' long term
foreign issuer credit rating from Standard & Poor's, and 'CCC'
long term issuer default rating from Fitch.

At June 30, 2010, UAL had $20.134 billion in total assets against
total current liabilities of $8.573 billion, long-term debt of
$6.281 billion, long-term obligations under capital leases of
$1.01 billion, other liabilities and deferred credits of
$7.022 billion, and a stockholders' deficit of $2.756 billion.

                    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.


CORELOGIC INC: S&P Puts B+ Issue Rating on New Senior Debt
----------------------------------------------------------
Standard & Poor's Ratings Services assigned  a 'B+' issue rating
and a '2' recovery rating to CoreLogic Inc.'s 7.55% senior
debentures and 5.7% senior notes.  S&P also assigned a 'B+' issue
rating to the company's 8.5% cumulative trust-preferred
securities.

S&P affirmed its 'BB' corporate credit rating and 'BB+' rating on
the company's $850 million senior secured credit facilities.

   -- On June 1, 2010, The First American Corp. separated into two
      independent, publicly traded companies: First American
      Financial Corp. is comprised of The First American Corp.'s
      financial services businesses and The First American Corp.
      retained its information solutions businesses and changed
      its name to CoreLogic Inc.

   -- Proceeds from the company's new term loan term loan were
      intended to be used to repay in full its existing 7.55%
      senior debentures, 5.7% senior notes, and 8.5% cumulative
      trust-preferred securities.  However, the company did not
      get full participation, so a portion of these issues remain
      outstanding.


CRYOPORT INC: Signs Deal to Allow DHL Access to Tracking Portal
---------------------------------------------------------------
CryoPort Inc. has entered into an agreement with logistics company
DHL that will give DHL's life science customers direct access to
CryoPort's web-based order entry and tracking portal to order the
CryoPort Express Shipper and receive preferred DHL shipping rates.

The agreement covers CryoPort shipping discounts that may be used
to support CryoPort customers using the CryoPort Express shipping
solution.  In connection with the agreement, CryoPort will
integrate their proprietary web portal to DHL's tracking and
billing systems.  Once this integration is completed, DHL life
science customers will have a seamless way of shipping their
critical biological material worldwide.  The IT integration with
DHL is expected to be completed in October.

The reusable CryoPort Express Shipping Solution is designed to
meet the needs of clinical labs, diagnostic companies, research
organizations, and the biotech and pharmaceutical industries by
allowing tissue samples, blood and other biological material to
remain frozen at -150C for 10+ days, in contrast to the current
industry practice of dry-ice packaging, which often requires re-
icing during transit.

"We are delighted to be working with DHL, and proud they have
chosen to integrate with CryoPort to make our product and services
available to their customers," said Larry Stambaugh, CryoPort's
President and Chief Executive Officer.  "The CryoPort Express
solution meets the standard of innovative logistics management and
premier service for which DHL is known."

                         Going Concern

KMJ Corbin & Company LLP expressed substantial doubt about the
CryoPort Inc.'s ability to continue as a going concern, following
the Company's 2009 results.  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.


D.A.F.I.R.M. PROPERTY: Case Summary & 3 Largest Unsec Creditors
---------------------------------------------------------------
Debtor: D.A.F.I.R.M. Property Management, Inc.
        P.O. Box 2783
        Thomasville, GA 31799

Bankruptcy Case No.: 10-71439

Chapter 11 Petition Date: September 7, 2010

Court: United States Bankruptcy Court
       Middle District of Georgia (Valdosta)

Judge: John T. Laney III

Debtor's Counsel: William O. Woodall, Esq.
                  WOODALL AND WOODALL
                  P.O. Box 3335
                  1003 Patterson Street
                  Valdosta, GA 31604
                  Tel: (229) 247-1211
                  E-mail: will@orsonwoodall.com

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

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

A list of the Company's three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/gamb10-71439.pdf

The petition was signed by Demetrius Hadley, chief financial
officer.


DELPHI CORP: DPH, et al., Ask for Final Decree Closing 20 Cases
---------------------------------------------------------------
Pursuant to Section 350 of the Bankruptcy Code and Rule 3022 of
the Federal Rules of Bankruptcy Procedure, DPH Holdings Corp. asks
Judge Robert D. Drain of the U.S. Bankruptcy Court for the
Southern District of New York to enter a final decree and order
closing the Chapter 11 cases of 20 of its debtor affiliates:

  Closing Debtor                                      Case No.
  --------------                                      --------
  Delphi NY Holding Corporation                       05-44480
  Environmental Catalysts, LLC                        05-44503
  Delphi Liquidation Holding Company                  05-44542
  Delphi Electronics (Holding) LLC                    05-44547
  Delphi Automotive Systems Tennessee, Inc.           05-44558
  Delphi Automotive Systems Risk Management Corp.     05-44570
  Exhaust Systems Corporation                         05-44573
  Delphi Automotive Systems Korea, Inc.               05-44580
  Delphi International Services Inc.                  05-44583
  Delphi Automotive Systems Thailand, Inc.            05-44586
  Delphi International Holdings Corp.                 05-44591
  Delco Electronics Overseas Corporation              05-44610
  Aspire, Inc.                                        05-44618
  Delphi Integrated Service Solutions, Inc.           05-44623
  Packard Hughes Interconnect Company                 05-44626
  DREAL, Inc.                                         05-44627
  Delphi Services Holding Corporation                 05-44633
  Delphi Automotive Systems Global (Holding), Inc.    05-44636
  Delphi Foreign Sales Corporation                    05-44638
  Delphi Receivables LLC                              05-47459

Delphi Automotive Systems Tennessee, Inc., is also known as PBR
Automotive Tennessee, Inc.

The Reorganized Debtors further ask the Court to retain
jurisdiction to enforce or interpret its own orders pertaining to
the Closing Debtors, including, but not limited to, the July 30,
2009 confirmation order to the Modified First Amended Joint Plan
of Reorganization and the Final Decree and Order.

Section 350 provides that "[a]fter an estate is fully
administered and the court has discharged the trustee, the court
shall close the case."

John Wm. Butler, Jr., Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP, in Chicago, Illinois, asserts that entry of a final
decree in the Closing Debtors' Chapter 11 cases is appropriate.
He insists that all six factors set forth in the Advisory
Committee Note to Rule 3022 have been satisfied with respect to
each of the Closing Debtors' reorganization cases, namely:

  (a) the Modified Plan was approved on July 30, 2009, pursuant
      to a final order of the Court;

  (b) there are no deposits that need to be distributed with
      respect to the Closing Debtors;

  (c) the property proposed to be transferred pursuant to the
      Modified Plan has been transferred with respect to each of
      the Closing Debtors;

  (d) DPH Holdings is managing the assets of the Reorganized
      Debtors in accordance with the Modified Plan;

  (e) DPH Holdings has commenced distributions under the
      Modified Plan and will make the distributions on account
      of Allowed Claims set forth in the Modified Plan; and

  (f) all motions, contested matters and adversary proceedings
      will be finally resolved with respect to each Closing
      Debtor prior to entry of the Final Decree and Order.

Likewise, each of the cases of the Closing Debtors has reached
the point of substantial consummation as defined under Section
1102 of the Bankruptcy Code, Mr. Butler notes.

Mr. Butler clarifies that the Chapter 11 cases of DPH Holdings
and certain other Reorganized Debtors will remain open to
complete the administration and implementation of the Modified
Plan until a final decree is entered in those cases.  The closing
of the Closing Debtors' cases thus will not impact the continued
implementation of the Modified Plan, he assures the Court.

Closing of the Chapter 11 cases of the Closing Debtors will also
result in cost savings for the Reorganized Debtors, as they will
no longer need to pay ongoing quarterly fees for the Closing
Debtors, Mr. Butler avers.

Based on discussions with the U.S. Trustee for Region 2, the
Reorganized Debtors understand that the U.S. Trustee does not
oppose the closing of the Closing Debtors' Chapter 11 cases, Mr.
Butler notes.

The Court will consider the Reorganized Debtors' request on
Sept. 24, 2010.  Objections are due no later than Sept. 17.

                        About Delphi Corp.

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

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

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

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

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

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


DELPHI CORP: DPH Seeks Nod to Amend Lawsuits
--------------------------------------------
DPH Holdings and certain of its affiliated debtors seek
permission from the Bankruptcy Court to file amended complaints
in certain adversary proceedings.

In September 2007, the Reorganized Debtors commenced 742
adversary proceedings by filing complaints under seal in accord
with the Preservation Order before the expiration of the
Bankruptcy Code's two-year limitations period.  By March 2008,
the Court granted the Debtors' First Extension Motion to extend
the time by which they must serve preference complaints through
May 31, 2008.  The Court granted, in April 2008, the Debtors'
Second Extension Motion, extending the Debtors' time to serve
preference complaints until 30 days after the substantial
consummation of the Modified First Amended Joint Plan of
Reorganization.  By October 2009, the Court extended the deadline
for serving summonses and complaints until 180 days after the
substantial consummation of the Modified Plan pursuant to the
Third Extension Motion.

In December 2009, the Reorganized Debtors began serving summonses
and complaints in 165 Adversary Proceedings.

In April 2010, the Court granted the Fourth Extension Motion,
extending the time for the Reorganized Debtors to serve
preference complaints upon foreign defendants through December 1,
2010.

Eric B. Fisher, Esq., at Butzel Long, in New York, says that the
Original Complaints were served within the time period afforded
by the Extension Orders, and each of the Original Complaints
asserted one claim pursuant to Section 547 of the Bankruptcy
Code.  Subsequently, certain defendants in the Preference Actions
filed motions to, among other things, vacate the Avoidance Claims
Order; dismiss the Original Complaints filed against them; and in
the alternative, require the Reorganized Debtors to file a more
definite statement.

The Court heard arguments on the Motions to Dismiss on July 22,
2010, and dismissed these Preference Actions:

  * Adversary Proceeding No. 07-02372;
  * Adversary Proceeding No. 07-02723;
  * Adversary Proceeding No. 07-02753; and
  * Adversary Proceeding No. 07-02262 as to Defendant Electronic
    Data Systems LTD only.

In its bench ruling, the Court also acknowledged that the
Reorganized Debtors had abandoned these preference claims:

  (A) Any Preference Claim against any defendant that received
      transfers from the Reorganized Debtors aggregating less
      than $250,000 during the 90 days preceding the Reorganized
      Debtors' Petition Dates; and

  (B) Any Preference Claim against any defendant that is
      determined to be a foreign supplier.

With respect to the remaining Preference Actions, the Court
directed the Reorganized Debtors to file a motion for leave to
file amended complaints immediately and further ruled that those
Original Complaints that were not amended would be dismissed.
Accordingly, the Reorganized Debtors propose to file amended
complaints as to 121 Preference Actions, a list of which is
available for free at:

    http://bankrupt.com/misc/Delphi_121PreferenceActions.pdf

Full-text copies of the Amended Complaints are available for free
at http://bankrupt.com/misc/Delphi_AmendedComplaints.pdf

Mr. Fisher asserts that Reorganized Debtors should be granted
leave to serve and file the Amended Complaints.

He also notes that at the time the Reorganized Debtors filed
their Original Complaints, the federal pleading standard was that
the Reorganized Debtors could reasonably plead a sufficient
preference claim by specifying the legal basis for their claims,
as well as the defendants to each adversary proceeding and the
date, amount and type of each of the subject transfers.  The
Reorganized Debtors complied with the pleading standards in
effect in September 2007, when the Original Complaints were
filed, he insists.

The Amended Complaints also satisfy the requirements of Rule 8 of
the Federal Rules of Civil Procedure, which requires complaints
to provide only "a short and plain statement of the claim showing
that the pleader is entitled to relief," Mr. Fisher asserts.

As instructed by the Court, the Reorganized Debtors included in
their Amended Complaints, at a minimum, information showing, for
each alleged transfer, the transferor, the transferee, any known
subsequent transferee against whom relief is sought, the
antecedent debt, and which Reorganized Debtor is plaintiff, Mr.
Fisher relates.

Allowing the Reorganized Debtors to file the Amended Complaints
will not prejudice the defendants, Mr. Fisher maintains.  The
Amended Complaints, he notes, assert no new causes of action and
arise from the same transactions as those detailed in the
Original Complaints.

The Court will consider the Motion for Leave on December 16,
2010.  Objections are due no later than November 24.

                    Reorganized Debtors Seek to
                  Lift Seal of Certain Complaints

DPH Holdings and certain of its affiliated reorganized debtors
ask the Court to lift the seal on about 450 adversary
proceedings, citing that they intend to file notices of dismissal
for those adversary proceedings.

A list of the Adversary Proceedings subject to the notices of
dismissal is available for free at:

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

                        About Delphi Corp.

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

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

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

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

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

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


DELPHI CORP: Retirees Panel Sends Final Report
----------------------------------------------
The Official Committee of Salaried Eligible Retirees in Delphi
Corp's Chapter 11 cases submitted to the Bankruptcy Court a final
report, detailing a final accounting and use of $8,750,000 in
settlement funds received from the Debtors in light of a
compromise between the Debtors and the Retirees' Committee to
resolve the Motion to Terminate Other Post-Employment Benefit
Programs.

Under the Final Report, the Retirees' Committee disclosed that a
total of $8,750,000 was received from the Debtors and turned over
to the Delphi Salaried Retirees Association Voluntary Employee
Benefit Association Trust.

Initially, $1,000,000 of those funds was earmarked for a hardship
fund and $500,000 for administrative costs, the Retirees'
Committee noted.  Almost all of those funds remained in the DSRA
VEBA Trust at the end of 2009.

In 2009, the DSRA VEBA Trust spent $250,975 in expenses, the
largest of which was $133,489 for insurance subsidy and hardship
program payments for Delphi salaried retirees.  The next largest
expense was for $59,290 in legal fees and costs for Stahl, Cowen,
Crowley, Addis LLC.

     DSRA Trust Income:
     Delphi Settlement - Administration       $500,000
     Delphi Settlement - Hardship            1,000,000
     Delphi Settlement - Subsidy             7,250,000
                                        --------------
        Sub-total                            8,750,000
     Interest                                   10,238
                                        --------------
        Total Trust Income                  $8,760,238
                                        ==============

     Trust Expenses:
     Subsidy Payments                          101,156
     Hardship Payments                          32,333
                                        --------------
        Sub-total                              133,489
     Legal                                      59,290
     Insurance & Bond                           20,397
     Travel Expense                             11,368
     Office Supplies & Phone                    13,636
     Banking & Trustee Fees                      6,570
     Training Expense                            6,225
     Other Expenses                                  -
                                        --------------
                                               250,975

     DSRA Trust Balance as of 12/31/09      $8,509,263
                                        ==============

The Retirees' Committee further stated that the DSRA VEBA Trust
paid an additional $132,703 in hardship payments and subsidy
payments for salaried retirees in the first quarter of 2010, and
had $39,842 in other expenses.

A copy of financial tables as of March 31, 2010, is available for
free at http://bankrupt.com/misc/Delphi_VEBA1stQ2010Finl.pdf

A full-text copy of the Retirees' Committee's Final Report is
available for free at:

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

                    Retirees' Committee Wants
                    Changes in Trust Agreement

The Retirees' Committee seeks further instructions from the Court
for its dissolution only after modifications to the DSRA VEBA
Trust Agreement are implemented to ensure funds set aside for
Delphi salaried retirees are properly spent by the VEBA
Committee.

Neil A. Goteiner, Esq., at Farella Braun & Martel LLP, in San
Francisco, California, counsel to the Retirees' Committee, tells
the Court that six members of the original trustees of the DSRA
VEBA Trust have resigned.  Moreover, when the Retirees' Committee
appointed replacement trustees, as provided in the Trust
Agreement, those new trustees were removed by the remaining DSRA
VEBA Trust trustees.

The Trust Agreement for the DSRA VEBA Trust provides that
succession planning and election of new VEBA Committee members
will be the responsibility of the Retirees' Committee until it
has been dismissed by the Court and thus, becomes the
responsibility of the DSRA Board through member voting.  "The
existing Trustees of the VEBA have not followed this provision,"
the Retirees' Committee stresses.

The Retirees' Committee also notes that the current chair has
stated that as soon as the Retirees' Committee is dissolved, he
intends to amend the VEBA Trust Agreement to prevent the DSRA
Board from selecting successor trustees, which creates the risk
of turning the existing trustees into a permanent, self-selected
group with power over the remaining funds.

In light of that risk, the Retirees' Committee has asked that the
DSRA VEBA Trust agree to:

  (1) cap any future compensation of trustees;

  (2) provide for clear succession in the Trust Agreement with
      clarification of who is currently serving as trustees; and

  (3) provide that those limitations cannot simply be amended
      in the future by the then-trustees to eliminate those
      protections.

The Retirees' Committee further asks the Court to delay
disbandment of the Retirees' Committee for a short period to
permit those modifications to be negotiated and implemented.

The Court will consider the Final Report and request for further
instructions on September 24, 2010.  Objections are due no later
than September 17.

                        About Delphi Corp.

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

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

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

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

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

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


DELTA PETROLEUM: S&P Affirms 'CCC' Corporate Credit Rating
----------------------------------------------------------
Standard & Poor's Ratings Services revised its recovery rating on
Delta Petroleum Corp.'s unsecured debt to '4' from '3', indicating
S&P's expectation for average recovery in the range of 30% to 50%
in the event of default.  At the same time, S&P affirmed its 'CCC'
issue-level rating on this debt (the same as the corporate credit
rating).

"The change in the recovery rating reflects an updated valuation
of mid-year 2010 reserves following a recent asset sale," said
Standard & Poor's credit analyst Marc Bromberg.  "Our update also
takes into account the change in the company's borrowing base, to
$35 million from $145 million," the analyst continued.  A revised
recovery report for Delta will be published shortly to more fully
explain our updated recovery analysis.

The corporate rating on Delta, a U.S.-based exploration and
production (E&P) Company, is 'CCC' with a negative outlook.

RATINGS LIST

Delta Petroleum Corp.
Corporate Credit Rating            CCC/Negative/--

Recovery Rating Revised; Issue-Level Rating Affirmed
                                    To             From
Delta Petroleum Corp.
Unsecured Debt                     CCC            CCC
   Recovery Rating                  4              3


DENNIS QUIGG: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: Dennis Joseph Quigg
               Jan Michelle Quigg
               500 Brennan Lane
               Franklin, TN 37067

Bankruptcy Case No.: 10-09543

Chapter 11 Petition Date: September 7, 2010

Court: U.S. Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Keith M Lundin

Debtors' Counsel: Steven L. Lefkovitz, Esq.
                  LAW OFFICES LEFKOVITZ & LEFKOVITZ
                  618 Church Street, Suite 410
                  Nashville, TN 37219
                  Tel: (615) 256-8300
                  Fax: (615) 255-4516
                  E-mail: slefkovitz@lefkovitz.com

Scheduled Assets: $1,003,998

Scheduled Debts: $1,289,060

A list of the Joint Debtors' three largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/tnmb10-09543.pdf

Debtor-affiliate that filed separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Arrow Homes, LLC                      10-07957            07/29/10


DENNY'S CORP: Unit Offers to Purchase for Cash All 10% Sr. Notes
----------------------------------------------------------------
Denny's Holdings Inc., a wholly-owned subsidiary of Denny's
Corporation, has commenced an offer to purchase for cash any and
all of its outstanding 10% Senior Notes due 2012, which Notes are
guaranteed by Denny's Corporation, and a solicitation of consents
relating to the Notes.

Currently, $175 million aggregate principal amount of the Notes
are outstanding.  In conjunction with the Offer, Denny's Holdings,
on behalf of itself and Denny's Corporation, is also soliciting
consents to the adoption of proposed amendments to the Indenture
governing the Notes and to the execution of a supplemental
indenture effecting the proposed amendments.   The terms and
conditions of the Offer, including, but not limited to, a
Financing Condition for the transaction, are set forth in the
Offer to Purchase and Consent Solicitation Statement dated Sept.
9, 2010 and the related Consent and Letter of Transmittal.

The "Total Consideration" for each $1,000 principal amount of the
Notes validly tendered and not withdrawn on or before 5:00 p.m.,
New York City time on Sept. 22, 2010, and accepted for purchase
will be $1,002.50, which includes a consent payment of $10.00 per
$1,000 principal amount of Notes.  The "Tender Offer
Consideration" for each $1,000 principal amount of the Notes
validly tendered after the Consent Date and on or before the
Expiration Time and accepted for purchase will be $992.50.  In
addition to the Total Consideration or Tender Offer Consideration,
as the case may be, payable in respect of Notes accepted for
purchase, Holders will receive accrued and unpaid interest on
their purchased Notes up to, but not including, the date of
payment for purchased Notes.  The Offer is scheduled to expire at
11:59 p.m., New York City time, on Oct. 6, 2010, unless extended.

Notes tendered on or before the Consent Date may be validly
withdrawn at any time on or before 5:00 p.m., New York City time,
on Sept. 22, 2010, and Notes tendered after the Withdrawal Time
may not be withdrawn unless required by law.  In addition, we may,
in our discretion, extend the Expiration Time, the Withdrawal Time
or the Consent Date for any other reason.

Denny's Holdings expects to make payments with respect to any
Notes tendered and not withdrawn prior to the Consent Date on the
initial settlement date, which is expected to be on or about Sept.
30, 2010, assuming the conditions specified in the Offer to
Purchase are satisfied.  Denny's Holdings expects to make payments
with respect to any Notes tendered after the Consent Date on the
final settlement date, which is expected to be promptly following
the Expiration Time.

Pursuant to the Consent Solicitation, we are soliciting from
registered holders of Notes consents to proposed amendments to the
indenture pursuant to which the Notes were issued, as described in
the Offer to Purchase.  If the required consents are obtained in
the Consent Solicitation and the proposed amendments become
operative, the proposed amendments would eliminate substantially
all of the restrictive covenants and certain events of default
contained in the Indenture.  Denny's Holdings and Denny's
Corporation intend to execute the supplemental indenture effecting
the proposed amendments immediately following the Consent Date,
provided the requisite consents have been received.

The Offer is part of a larger refinancing of the Company's
outstanding indebtedness.  The Company also intends to enter into
a new senior secured credit facility, which it expects to be for
an aggregate of approximately $300 million, of which approximately
$250 million is expected to be a six-year term loan facility and
$50 million is expected to be a five-year revolving credit
facility, which will also be available for the issuance of letters
of credit.  The "Financing Condition" means that the New Credit
Facility has been consummated.

The Offer is subject to the general conditions set forth in the
Offer to Purchase and to the Financing Condition.  The Offer is
also subject to the adoption of the proposed amendments to the
Indenture.  If the requisite consents are not obtained and the
proposed amendments do not become operative, but the Financing
Condition is satisfied, the Company may terminate the Offer among
other options outlined in the Offer to Purchase.

Beginning Oct. 1, 2010, the Notes will be redeemable at a
redemption price of 100% of the principal amount thereof, plus
accrued and unpaid interest to, but not including, the redemption
date.  Upon satisfaction of the Financing Condition and the
purchase of tendered Notes pursuant to the Offer on the Initial
Settlement Date, Denny's Holdings intends to give a notice of
redemption pursuant the Indenture providing that it will redeem
all Notes not purchased in the Offer at a redemption price of 100%
of the principal amount thereof, plus accrued and unpaid interest
to, but not including, the redemption date.

                           About Denny's

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

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

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


DIAMOND RANCH: Board Selects Victor Petrone as COO & CFO
--------------------------------------------------------
The Board of Directors of Diamond Ranch Foods Ltd. appointed on
Sept. 7, 2010, Victor Petrone, the Company's Chief Operating
Officer and Chief Financial Officer, to serve as a member of the
Board of Directors effective immediately.  Mr. Petrone will retain
the positions of Chief Operating Officer and Chief Financial
Officer in addition to a member of the Board of Directors. The
Board of Directors now consists of Louis Vucci, Jr., Philip Serlin
and Victor Petrone.

                        About Diamond Ranch

Diamond Ranch Foods, Ltd. -- http://www.diamondranchfoods.com/--
is a meat processing and distribution company now located in the
Hunts Point Coop Market, Bronx, New York.  The Company's
operations consist of packing, processing, labeling, and
distributing products to a customer base, including, but not
limited to; in-home food service businesses, retailers, hotels,
restaurants, and institutions, deli and catering operators, and
industry suppliers.

Gruber & Company LLC, in Lake Saint Louis, Missouri, expressed
substantial doubt about Diamond Ranch Foods Ltd.'s ability to
continue as a going concern, noting that the Company has suffered
recurring losses from operations after the firm audited the
Company's balance sheet as of March 31, 2010, and 2009.

As of June 30, 2010, the Company had $1,408,828 in total assets,
$6,274,635 in total liabilities and a $4,793,807 stockholder's
deficit.


DILLARD LAND: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Dillard Land Investments, LLC
        699 11th Street, Suite 100
        Atlanta, GA 30318

Bankruptcy Case No.: 10-86573

Chapter 11 Petition Date: September 7, 2010

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

Judge: Paul W. Bonapfel

Debtor's Counsel: Herbert C. Broadfoot, II, Esq.
                  RAGSDALE, BEALS, SEIGLER, et al.
                  2400 International Tower
                  229 Peachtree Street, N.E.
                  Atlanta, GA 30303
                  Tel: (404) 588-0500
                  Fax: (404) 523-6714
                  E-mail: broadfoot@rbspg.com

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

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

The petition was signed by Chip Drury, managing member.

Debtor's List of eight Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Citizens Bank of Swainsboro                      $720,000
12 North Main Street
Swainsboro, GA 30401

DPL Ventures              Trade Debt             $60,000
915 Virginia Avenue
Atlanta, GA 30306

Louis Brown                                      $60,000
4137 Daniel Green Trail
Smyrna, GA 30080

Monocole Management,                             $20,000
LLC

Greenberg Traurig         Legal Advice           $10,000

Cutting Edge Homes,                              $5,000
LLC

Accion Security           Trade Debt             $2,500

AEC, Inc.                                        $2,400


DOLLAR THRIFTY: Judge Strine Refuses to Stop Shareholder Vote
-------------------------------------------------------------
As reported in the Troubled Company Reporter on August 30, 2010,
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.

Lawyers for 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.

As reported in the Troubled Company Reporter on September 3, 2010,
The Wall Street Journal's Gina Chon reports that on September 2,
2010, Avis increased the cash portion of its offer for Dollar
Thrifty to $40.75 a share, bringing Avis' cash-and-stock offer for
Dollar Thrifty to about $1.35 billion.  But according to the
report, Avis continued to decline to offer a reverse breakup fee,
which was a condition requested by Dollar Thrifty in a letter
early last month.

In a memorandum opinion dated September 8, 2010, the Delaware
Chancery Court denied the plaintiffs' motion preventing the
consummation of the merger, noting that the record after factual
discovery does not support the claims of the Plaintiffs that the
Dollar Thrifty Board likely breached its fiduciary duty to take
reasonable steps to maximize the value Dollar Thrifty stockholders
would receive.  "Rather, the record reveals that the Dollar
Thrifty Board, and its CEO Scott Thompson, has managed Dollar
Thrifty successfully through a financial crisis that saw the
company on the brink of insolvency and improved its performance to
the point where the company was profitable and receiving plaudits
from the stock market."

Earlier last month, Dollar Thrifty rebuffed a $1.3 billion cash-
and-stock counteroffer from Avis, saying the proposal did not
include deal protection measures or adequately address antitrust
concerns.

A full-text copy of the Memorandum Opinion is available for free
at http://bankrupt.com/misc/dollar.DelCh.MemorandumOpinion.pdf

Dollar Thrifty shareholders are scheduled to vote Sept. 16 on the
$1.2 billion cash-and-stock offer Hertz made in April.

                       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.

The Company's balance sheet at June 30, 2010, showed $2.5 billion
in total assets, $2.0 billion in total liabilities, and
stockholders' equity of $467.8 million.

                           *     *     *

As reported by the Troubled Company Reporter on August 2, 2010,
Standard & Poor's Ratings Services said its ratings on Dollar
Thrifty (DTAG; B-/Watch Pos/--) remain on CreditWatch with
positive implications.  This follows Avis' (B+/Stable/--) July 28,
2010 bid to acquire DTAG.  S&P initially placed the ratings on
DTAG on CreditWatch with positive implications on April 26, 2010,
when the company announced that it had signed a definitive
agreement to be acquired by another competitor, Hertz Global
Holdings Inc. (B/Watch Pos/--).

S&P said the acquisition would result in an increase in market
share for either Avis Budget or Hertz in the U.S.  There currently
are three major on-airport car rental companies: Hertz, Avis
(parent of the Avis and Budget brands), and Enterprise Rent-A-Car
Co. (parent of the Enterprise, Alamo, and National brands), each
with about a 30% market share.  DTAG accounts for most of the
balance.

As reported by the TCR on August 10, 2010, Dominion Bond Rating
Service commented that Dollar Thrifty's ratings, including its
Issuer Rating of B (high) are unaffected following the Company's
announcement of second quarter 2010 earnings results.  All ratings
remain Under Review Positive, where they were placed on April 28,
2010.

DBRS acknowledged DTAG's continued progress in refinancing
maturing debt and improved access to the capital markets.  During
the quarter, DTAG established two new funding facilities totaling
$500 million and repaid $200 million of maturing notes.  DTAG's
next medium term note maturity is $600 million, which will begin
to amortize in December 2010.  Given the Company's solid liquidity
and improved access to the capital markets, DBRS sees these
maturities as manageable.

In November 2009, S&P 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'.


DOUGLAS SMUDER: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Joint Debtors: Douglas Smuder
                 aka Douglas L Smuder
                     Douglas Lee Smuder
                     Doug Smuder
               Rhonda Smuder
                 aka Rhonda L Smuder
                     Rhonda Lennox Smuder
               28390 Las Palmas Circle
               Bonita Springs, FL 34135

Bankruptcy Case No.: 10-21610

Chapter 11 Petition Date: September 7, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Judge: David H. Adams

Debtor's Counsel: Charles PT Phoenix, Esq.
                  PHOENIX LAW, PA
                  12800 University Drive, Suite 260
                  Fort Myers, FL 33907
                  Tel: (239) 461-0101
                  Fax: (239) 461-0083
                  E-mail: phoenixlawpa@gmail.com

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

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

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


DUSAN PITTNER: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Dusan Pittner
        119 Randall Street
        Easton, MA 02356

Bankruptcy Case No.: 10-19726

Chapter 11 Petition Date: September 6, 2010

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

Judge: William C. Hillman

Debtor's Counsel: David G. Baker, Esq.
                  236 Huntington Avenue, Ste. 306
                  Boston, MA 02115
                  Tel: (617) 340-3680
                  Fax: (866) 661-5328
                  E-mail: ecf@bostonbankruptcy.org

Scheduled Assets: $1,236,314

Scheduled Debts: $1,688,191

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


EAST BAY: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: East Bay Associates, LLC
        741 Shady Glen
        Martinez, CA 94553

Bankruptcy Case No.: 10-70345

Chapter 11 Petition Date: September 9, 2010

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

Judge: Roger L. Efremsky

Debtor's Counsel: Benjamin W. Tipton, III, Esq.
                  LAW OFFICES OF PLATT AND PLATT
                  220 4th Street, #103
                  Oakland, CA 94607
                  Tel: (510) 835-5881

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

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

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

The petition was signed by David T. Fowler, managing member.


EMPIRE RESORTS: Michael Brown Resigns as Chairman of the Board
--------------------------------------------------------------
Empire Resorts Inc. said G. Michael Brown has resigned as Chairman
of the Company's Board of Directors effective immediately due to
health reasons.  The Company also announced the unanimous election
of Emanuel Pearlman as the non-executive Chairman of the Board of
Directors and CEO Joseph D'Amato as a member of the Board.

Empire Resorts' Lead Director James Simon stated, "The Company
fully supports Mickey Brown's decision to step down as Chairman of
the Board so he can devote all of his time and energy toward
improving his health.  Mickey has been an excellent Board member
for Empire Resorts.  His valuable time, talent, passion and wisdom
helped stabilize the Company. While we regret seeing him leave, we
are pleased that Manny Pearlman has agreed to serve as Chairman
and we are also happy to have our CEO Joseph D'Amato join the
Board."

Mr. Pearlman is the founder and Chief Executive Officer of
Liberation Investment Group, a New York-based investment
management and financial consulting firm.  His experience in the
gaming industry includes serving as a consultant for Jackpot
Enterprises, Inc. and Bally Entertainment Corp., where he advised
the companies on their business and financial activities.  Mr.
Pearlman also served as a director of Multimedia Games, Inc., a
gaming technology developer and distributor, from 2006 to 2010.

Mr. Pearlman said, "Our Board thanks Mickey Brown for his
important contributions and expresses its gratitude for his
service to the Company.  His experience and insight have been
extremely helpful to his fellow Board members and the entire
management team at Empire Resorts.  Moving forward, as Chairman I
plan to help maximize the Board's efforts to address the financial
and growth challenges facing the Company."

Mr. Pearlman serves as a Class III director, with a term expiring
at the Company's 2012 annual meeting of stockholders. He was
unanimously elected as Chairman and was originally appointed to
the Company's Board of Directors pursuant to the recommendation of
Kien Huat Realty III Limited, the Company's largest stockholder,
under the terms of an August 19, 2009, Investment Agreement.

Newly appointed Director and current CEO Joseph D'Amato brings
over three decades of financial management, senior accounting and
gaming operations experience to the Empire Resorts Board.  Prior
to becoming the Company's CEO and CFO, Mr. D'Amato was the Chief
Executive Officer of Mount Airy Casino Resort in Pennsylvania,
from 2007 to 2009, and was Chief Financial Officer of the Seneca
Gaming Corporation in Western New York from 2002 to 2005 and as
its Chief Operating Officer from 2005 to 2007.

Mr. D'Amato was unanimously elected to serve as a Class I
director, with a term expiring at the Company's 2010 annual
meeting of stockholders.  He was appointed pursuant to the
recommendation of Kien Huat Realty III Limited, the Company's
largest stockholder, under the terms of an August 19, 2009,
Investment Agreement.

Mr. Pearlman concluded, "We welcome our CEO Joe D'Amato as a new
member of Empire Resorts' Board of Directors.  Joe is a seasoned
gaming industry executive and his operational experience will
complement the expertise of our current Board members."

                       About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- currently owns and operates
Monticello Casino & Raceway, a video gaming machine and harness
racing track and casino located in Monticello, New York, 90 miles
northwest of New York City.

The Company's balance sheet at June 30, 2010, showed
$85.95 million in total assets, $73.60 million in total
liabilities, and $12.35 million in stockholders' equity.

Auditor Friedman LLP, in New York, after auditing the Company's
2009 results, said Empire Resorts' ability to continue as a going
concern depends on the Company's ability to fulfill its
obligations with respect to its $65 million of 5-1/2% senior
convertible notes.  Friedman also noted of the Company's
continuing net losses and negative cash flows from operating
activities.


EPE: Merger With EPD Cues S&P to Affirm 'BB-' Ratings
-----------------------------------------------------
Standard & Poor's Ratings Services affirmed the 'BBB-' ratings on
EPD and 'BB-' ratings on EPE following an announcement that EPE
will merge into EPD.  The outlook on both entities remains
positive.

In the proposed transaction, all outstanding EPE units will
convert into EPD units.  The IDRs and the 2% general partner
interest of EPD will be cancelled, which must improve EPD's cost
of capital.  EPE has about $1.1 billion of debt, which S&P expects
EPD will refinance with a mix of debt and equity.  S&P expects
EPD's debt leverage to worsen slightly in the near term due
to the merger, but to improve at the Enterprise system level.

The positive outlook reflects EPD's increasing scale and asset
diversity with key credit metrics that we consider somewhat strong
for the rating.  S&P also expects the company to continue to fund
its capital spending program with an appropriate mix of debt and
equity to protect credit measures.


ESTATE OF JULIUS GRAY: Case Summary & Unsecured Creditor
--------------------------------------------------------
Debtor: Estate of Julius Gray by Jeanine Gray,
          Surviving Spouse & Heir
        20946 Richmond Drive
        Northville, MI 48167-9509

Bankruptcy Case No.: 10-67918

Chapter 11 Petition Date: September 7, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Marci B. McIvor

Debtor's Counsel: Jack B. Wolfe, Esq.
                  THE WOLFE LAW GROUP
                  8101 Richardson Road, Suite 103
                  Commerce Twp., MI 48390
                  Tel: (248) 473-5342
                  Fax: (248) 229-1187
                  E-mail: thewolfelawgroup@yahoo.com

Scheduled Assets: $600,000

Scheduled Debts: $1,147,000

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

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Fifth Third Bank                   Single Family        $1,050,000
P.O. Box 630170                    Residence
Cincinnati, OH 45263-0170


EXTENDED STAY: ESA Canada Authorized as Foreign Representative
--------------------------------------------------------------
U.S. Bankruptcy Judge James Peck has issued an order authorizing
ESA Canada Trustee Inc. as foreign representative of Extended Stay
Inc. and other affiliated debtors in Canada.

The ruling allows ESA Canada to apply to a Canadian court for
recognition of their Chapter 11 cases as "foreign main
proceedings.

The recognition is necessary for the implementation of the
restructuring plan sponsored by an investors group led by
Centerbridge Partners LP.  Extended Stay is required to have its
assets in Canada deemed free and clear of liens in order to
implement the restructuring plan.

Under Canada's Companies' Creditors Arrangement Act, once the
recognition is granted, lawsuits are stayed and creditors are
prevented from seizing the assets of a company that is seeking
recognition.

U.S. Bank N.A. earlier filed liens and security interests against
Extended Stay's assets in Canada on account of its claims.  U.S.
Bank's claims stemmed from a $4.1 million mortgage loan that was
provided to the company prior to its bankruptcy filing.

Extended Stay operates three hotels in Newfoundland and Ontario,
which are being managed by HVM Canada Hotel Management ULC.

                        About Extended Stay

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

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

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


EXTENDED STAY: Starwood to Appeal Reimbursement Expense Order
-------------------------------------------------------------
An investors group led by Starwood Capital is set to file an
appeal to reverse a decision entered by the bankruptcy judge
overseeing the bankruptcy cases of Extended Stay Inc. and its
affiliated debtors.

The appeal raises the issue of whether Judge James Peck of the
U.S. Bankruptcy Court for the Southern District of New York
appropriately denied the proposed reimbursement of the Starwood
group's expenses "based on the lack of cause shown" and "as an
unauthorized use of cash collateral."

Judge Peck earlier junked a motion by Extended Stay to reimburse
the Starwood group as much as $7,629,504, for its expenses.

The Starwood group was one of the bidders that proposed to fund
the restructuring plan for Extended Stay's 74 affiliates, but
lost to a consortium of investors led by Centerbridge Partners
LP.  An agreement, however, with the Starwood group requires
Extended Stay to reimburse the group for its expenses in case the
company accepts another bid.

Judge Peck said in his order that there was "lack of cause
shown" for granting the proposed reimbursement and that approval
of the reimbursement would constitute a use of the trust which
holds the cash collateral.

Extended Stay's $4.1 billion pre-bankruptcy mortgage loan is
deposited in a trust administered by U.S. Bank.

                        About Extended Stay

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

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

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


FENTURA FINANCIAL: Posts $2.8 Million Net Loss in June 30 Quarter
-----------------------------------------------------------------
Fentura Financial, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $2.8 million on $3.8 million of net
interest income for the three months ended June 30, 2010, compared
with a net loss of $15.4 million on $3.6 million of net interest
income for the same period last year.

The Company's balance sheet as of June 30, 2010, showed
$455.3 million in total assets, $437.4 million in total
liabilities, and shareholders' equity of $17.9 million.

As reported in the Troubled Company Reporter on March 22, 2010,
Crowe Horwath LLP, in Grand Rapids, Mich., 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 in 2009 and
2008, primarily from higher provisions for loan losses, and non-
compliance with the higher capital requirements of the Consent
Orders.

In its latest 10-Q, the Company discloses that in 2010, the Banks
have come in to compliance with substantially all areas of the
Consent Orders, except for capital requirements.

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

               http://researcharchives.com/t/s?6b20

                    About Fentura Financial

Fentura Financial, Inc. is a bank holding company headquartered in
Fenton, Michigan.  Subsidiary banks include The State Bank also
headquartered in Fenton with offices serving Fenton, Linden,
Holly, and Grand Blanc; West Michigan Community Bank headquartered
in Hudsonville with offices serving Hudsonville, Holland and
Jenison; and Livingston Community Bank, a division of The State
Bank, headquartered in Brighton.  Fentura Financial, Inc. shares
are traded over the counter under the FETM trading symbol.


FLAMINGO ISLES: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Flamingo Isles Corp.
        350 South Ocean Blvd., #10B
        Boca Raton, FL 33432

Bankruptcy Case No.: 10-36805

Chapter 11 Petition Date: September 7, 2010

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

Judge: Paul G. Hyman Jr.

Debtor's Counsel: Angelo A Gasparri, Esq.
                  THE LAW OFFICE OF ANGELO GASPARRI, P.A.
                  199 W Palmetto Park Rd #5
                  Boca Raton, FL 33432
                  Tel: (561) 826-8986
                  E-mail: angelo@drlclaw.com

Scheduled Assets: $1,500,059

Scheduled Debts: $2,684,360

A list of the Company's three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-36805.pdf

The petition was signed by Mark Landau, manager and director.


FLETCHER GRANITE: Selling Assets; Gets $7MM Stalking Horse Bid
--------------------------------------------------------------
Fletcher Granite Company LLC is selling itself for a fire-sale
price.  The Company is seeking parties interested in the
acquisition of its assets in whole or in parts.

Location             Quarry/Real Estate        M&E*       Total
Appraisal Value           $8,465              $1,974     $10,439
Operations
Reserves                     ?                              ?
Subtotal                  $8,465              $1,974     $10,439

*Value is forced liquidation value.
Source: Debtor's Schedules and Statement of Financial Affairs

A stalking horse bid in the amount of approximately $7 million for
substantially all of the assets of the company except inventory
and accounts receivable has been proposed, but has not yet been
approved by the U.S. Bankruptcy Court.  The purchase will be
subject to Bankruptcy Court approval and any higher and better
offers that may be received during the solicitation and auction
process.  Eligible Bids must be submitted on or before (TBD) with
an auction sale to be conducted on (TBD) if multiple Eligible Bids
are received.  The winning bid will be submitted for Bankruptcy
Court approval on (TBD).  These dates are TBD and the review
process may be extended although a short sale window has been
proposed.

To obtain more information including the Non-Disclosure Agreement,
Appraisal Letter Release and the Proposed Bid Procedures, contact
the undersigned Financial Advisor to the Official Committee of
Unsecured Creditors:

        Ted Gavin, CTP
        Principal
        NHB Advisors, Inc.
        919 N. Market Street, Suite 1410
        Wilmington, DE 19801
        Phone: (302) 655-8997 x151 (office)
               (484) 432-3430 (mobile)
        E-mail: ted.gavin@nhbteam.com

        Michael Savage, CTP, CIRA
        Managing Director
        NHB Advisors, Inc.
        8 Fanueil Hall Marketplace
        Boston, MA 02109
        Phone: (617) 378-7158 (mobile)
               (617) 973-5105 (office)
        E-mail: michael.savage@nhbteam.com

The Official Committee of Unsecured Creditors is a party in
interest in these proceedings.

                      About Fletcher Granite

Westford, Massachusetts-based Fletcher Granite Company LLC --
http://www.fletchergranite.com/-- produced granite for buildings,
bridges and road construction.

Fletcher Granite filed for Chapter 11 bankruptcy protection on
August 2, 2010 (Bankr. D. Mass. Case No. 10-43884).  David J.
Reier, Esq., and Laura Otenti, Esq., at Posternak Blankstein &
Lund LLP, serve as counsel to the Debtor.  The Debtor estimated
its assets at $10 million to $50 million and debts at $1 million
to $10 million in its Chapter 11 petition.  The U.S. Trustee has
formed a five-member Official Committee of Unsecured Creditors.


FRANK ALARIO: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Frank C. Alario
        11 Nan Tone Court
        Colts Neck, NJ 07722

Bankruptcy Case No.: 10-37591

Chapter 11 Petition Date: September 7, 2010

Court: U.S. Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Michael B. Kaplan

Debtor's Counsel: Bunce Atkinson, Esq.
                  ATKINSON & DEBARTOLO
                  2 Bridge Avenue, P.O. Box 8415
                  Building 2, 3rd Floor
                  Red Bank, NJ 07701
                  Tel: (732) 530-5300
                  E-mail: bunceatkinson@aol.com

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

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

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/njb10-37591.pdf


FRASER PAPERS: Fails to File Financials for Period Ended July 3
---------------------------------------------------------------
Fraser Papers Inc. is providing this first Default Status Report
in accordance with National Policy 12-203 Cease Trade Orders for
Continuous Disclosure Defaults.  In its news release on August 30,
2010, the Company announced that it was not able to file its
financial statements for the interim period ended July 3, 2010,
including the related management discussion and analysis, and CEO
and CFO certifications by the September 1, 2010 due date.

Fraser Papers remains under creditor protection pursuant to the
provisions of the Companies' Creditors Arrangement Act, with its
stay of proceedings having been extended by the court to
October 29, 2010.

The Company is working diligently to finalize the accounting for
certain restructuring transactions and expects to file the
Required Documents as soon as is practicable.

                      About Fraser Papers

Fraser Papers -- http://www.fraserpapers.com/-- is an integrated
specialty paper company that produces a broad range of specialty
packaging and printing papers.  The Company has operations in New
Brunswick, Maine, New Hampshire and Quebec.

On June 18, 2009, citing continued operating losses, weak markets
for pulp and lumber, impending debt repayments and significant
pension funding obligations, the Company and its subsidiaries
filed for protection under the Companies Creditors Arrangement Act
(Ont. Super. Ct. J. Ct. File No. CV-09-8241-00CL) in Toronto and
Chapter 15 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No.
09-12123).  Fraser is represented by Michael Barrack, Esq.,
Robert I. Thornton, Esq., and D.J. Miller, Esq., at
ThorntonGroutFinnigan LLP, in Toronto, and Derek C. Abbott, Esq.,
at Morris, Nichols, Arsht & Tunnell LLP, in Wilmington, Del.
Fraser has said it is developing a restructuring plan to present
to its creditors by Oct. 16, 2009, with the objective of emerging
with a sustainable and profitable specialty papers business.

In July 2010, Fraser Papers disclosed that the Ontario Superior
Court of Justice has granted a further extension of the initial
Order under which Fraser Papers, together with its subsidiaries,
was granted creditor protection under the Companies' Creditors
Arrangement Act.  This extension is through October 29, 2010 and
was supported by PricewaterhouseCoopers Inc., the Court appointed
Monitor of the Company's CCAA process.


FX REAL ESTATE: Reaches Exclusive License Deal with US ThrillRides
------------------------------------------------------------------
FX Real Estate and Entertainment Inc.'s wholly-owned subsidiary
Circle Entertainment SV-I LLC entered into an Exclusive License
Agreement with William J. Kitchen and US ThrillRides, LLC,
Kitchen's wholly-owned corporate affiliate, pursuant to which the
ThrillRides Parties have granted a worldwide exclusive license to
Circle Entertainment to use and commercially exploit all of
Kitchen's patents, ThrillRides' trademark and Kitchen's other
intellectual property, trade secrets and know-how pertaining to
all aspects of the adaptation of an observation wheel legally
known as a SkyView including, without limitation, its engineering,
design, development, construction, operation and maintenance.

Concurrently with their entry into the License Agreement, Circle
Entertainment and the ThrillRides Parties also entered into a
related Development Agreement pursuant to which the ThrillRides
Parties are responsible for the supervision and management of the
construction, development, and installation of SkyViews on behalf
of Circle Entertainment.

As has been disclosed, the Company has been evaluating this new
line of business to develop SkyViews since the end of the first
quarter of 2010.  The SkyViews remain under development; no
prototypes have been built nor have any SkyViews been sold or
sublicensed.  Although the Company through Circle Entertainment
has obtained a world-wide exclusive license to use the SkyView
Technology to develop SkyViews, there is no assurance that the
Company and Circle Entertainment will either obtain the necessary
financing to use the SkyView Technology to develop the SkyViews
for sale and sublicensing or, even if such financing is obtained,
they will successfully develop the SkyViews for sale and
sublicensing or otherwise implement this new line of business.

A full-text copy of the Exclusive Agreement is available for free
at http://ResearchArchives.com/t/s?6b1c

A full-text copy of the Development Agreement is available for
free at http://ResearchArchives.com/t/s?6b1d

A full-text copy of the Common Stock Purchase Warrant is available
for free at http://ResearchArchives.com/t/s?6b1e

                       About FX Real Estate

FX Real Estate and Entertainment Inc. owns 17.72 contiguous acres
of land located at the southeast corner of Las Vegas Boulevard and
Harmon Avenue in Las Vegas, Nevada.  The Las Vegas Property is
currently occupied by a motel and several commercial and retail
tenants with a mix of short and long-term leases.  On June 23,
2009, as a result of the default under the first mortgage loan,
the first lien lenders had a receiver appointed to take control of
the property.  The Company is headquartered in New York City.

The Company's balance sheet as of June 30, 2010, showed
$141.8 million in total assets, $515.1 million in total
liabilities, and a stockholders' deficit of $373.3 million.

                           *     *     *

As reported in the Troubled Company Reporter on April 15, 2010, LL
Bradford, in Las Vegas, expressed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company is in default under the mortgage
loan, has limited available cash, has a working capital deficiency
and will need to secure new financing or additional capital in
order to pay its obligations.

The Company disclosed in its Form 10-Q for the quarter ended
June 30, 2010, that it has no current cash flow and cash on hand
as of August 13, 2010, is not sufficient to fund its short-term
liquidity requirements, including its ordinary course obligations
as they come due.  On April 21, 2010, the Company's remaining Las
Vegas subsidiary, namely FX Luxury Las Vegas I, LLC, filed for
Chapter 11 in the U.S. Bankruptcy Court for the District of Nevada
(Case No. 10-17015).


GAMETECH INT'L: Has Day-to-Day Forbearance From Bank of the West
----------------------------------------------------------------
GameTech International, Inc., entered into a loan agreement with
Bank of the West on April 9, 2010 which provides for a $1.8
million revolving credit facility.  On September 3, 2010, the
Company received a notice of default from the Lender in accordance
with the terms of the Line of Credit.  The event of default is a
result of the Company's non-compliance with certain financial
covenants and failure to make scheduled payments under its loan
agreement with the Lender and U.S. Bank National Association dated
August 22, 2008.  To date, these financial covenants remain
uncured and the payments due on August 31, 2010 remain unpaid.

Bank of the West states in the Notice that it will forbear on a
day to day basis from exercising its rights under the Line of
Credit including the acceleration of all amounts outstanding or
the right to increase the interest rate to the default rate
provided in the Line of Credit; until a more definitive
forbearance agreement is executed.  As of September 10, 2010, the
Company had approximately $1.3 million outstanding under its Line
of Credit.  The Company continues to actively engage in
discussions with the Lender and U.S. Bank and is optimistic that a
resolution can be reached.

Based in Reno, Nevada, GameTech develops and manufactures gaming
entertainment products and systems.  GameTech holds a significant
position in the North American bingo market with its interactive
electronic bingo systems, portable and fixed-based gaming units,
and complete hall management modules.  It also holds a significant
position in select North American VLT markets, primarily Montana,
Louisiana, and South Dakota, where it offers video lottery
terminals and related gaming equipment and software.  It also
offers Class III slot machines and server-based gaming systems.


GENERAL MOTORS: $512MM in Claims vs. Old GM Change Hands in Aug.
----------------------------------------------------------------
The Clerk of the Bankruptcy Court recorded the transfer of 16
claims, totaling $512,560,894, for the month of August 2010:

  Transferor         Transferee          Claim No.   Claim Amount
  ---------          ----------          ---------   ------------
Frank William        Stone Lion             4332     $175,000,000
Pereira              Portfolio L.P.

Appaloosa Investment Citigroup Global       6749      874,182,199
Limited              Markets Inc.
Partnership I

The Canyon           Citigroup Global      69309       15,322,494
Realization Fund     Markets Inc.
(Cayman), Ltd.

Canyon Value         Citigroup Global      69306        8,007,741
Realization Fund,    Markets Inc.
L.P.

Canyon-GRF Master    Citigroup Global      69308        1,890,945
Fund, L.P.

Lyxor/Canyon Value   Citigroup Global      69307        3,321,486
Realization Fund     Markets Inc.
Limited

Palomino Fund Ltd.   Citigroup Global      66217      108,415,614
                     Markets Inc.

Thoroughbred Fund LP Citigroup Global      66216       55,652,599
                     Markets Inc.

Thoroughbred Master  Citigroup Global      67501       58,112,123
Ltd.                 Markets Inc.

Citigroup Global     Knighthead Master     66218        3,354,036
Markets Inc.         Fund, L.P.

Citigroup Global     Knighthead Master     66218        3,354,036
Markets Inc.         Fund, L.P.

Smith Instrument     Jefferies Leveraged    7908                -
Division of J O      Credit Products, LLC
Galloup Company

Doris Powledge       Dover Master Fund     44614       55,000,000
                     II, L.P.

Amber Powledge       Dover Master Fund     44615        5,000,000
                     II, L.P.

Austin Powledge      Dover Master Fund     44616        5,000,000
                     II, L.P.

Mary Powledge        Dover Master Fund     44617        5,000,000
                     II, L.P.

AVN Air, LLC         Goldman Sachs         66717       39,301,657
                     Lending Partners LLC

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At June 30, 2010, GM had $131.899 billion in total assets,
$101.00 billion in total liabilities, $6.998 billion in preferred
stock, and $23.901 billion in stockholders' equity.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

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


GENERAL MOTORS: New GM Wants Sale Order Enforced on Dealer
----------------------------------------------------------
As part of the transactions approved by the June 9, 2009 Sale
Order, Motors Liquidation Company, also known as Old GM, entered
into and assigned to General Motors LLC certain of their Wind-Down
and other Deferred Termination Agreements with certain authorized
new motor vehicle dealers.  The agreements were alternatives to
outright rejection of the General Motors Dealer Sales and Service
Agreements and provided, among other things, that in exchange for
certain payments and other consideration, the dealers' Dealer
Agreements would terminate no later than October 31, 2010.

New GM wants the U.S. Bankruptcy Court for the Southern District
of New York to enforce the Wind-Down Agreement against Rally Auto
Group, Inc., a Palmdale, California dealer, which asserted in an
action filed in the U.S. District Court for the Central District
of California, Southern Division, that it is not required to
comply with its obligations under the Wind-Down Agreement to
terminate its Chevrolet Dealer Agreement by no later than
October 31, 2010.

According to New GM, Rally Auto has taken certain steps in
violation of the Wind-Down Agreement, including instigation of
litigation by the City of Palmdale, to prevent, delay and
interfere with New GM's attempt to establish a new Chevrolet
dealership in the Antelope Valley area.  This location is very
important to New GM as it includes the cities of Palmdale and
Lancaster, about 35 miles north of Los Angeles, and has more than
400,000 residents, Arthur Steinberg, Esq., at King & Spalding
LLP, in New York, tells the Bankruptcy Court.

Because Rally Auto is refusing to abide by the 363 Sale Order and
the Court-approved Wind-Down Agreement, New GM asks the
Bankruptcy Court to:

  (a) enforce the 363 Sale Order and the terms of the
      Wind-Down Agreement, including, but not limited, to the
      termination of the Chevrolet Dealer Agreement by Oct. 31,
      2010, the covenant not to sue New GM, no protest by Rally
      Auto regarding establishment of new dealer, and the
      exclusive jurisdiction of the Bankruptcy Court of the
      Agreements, and directing Rally Auto to specifically
      perform its obligations under the Agreements;

  (b) direct Rally Auto and all persons acting in concert with
      it to cease and desist from:

         (1) further prosecuting, or otherwise pursuing the
             claims asserted in the California Action against
             New GM;

         (2) attempting to prevent, delay or interfere with New
             GM's establishment of a new Chevrolet dealership in
             the area previously served by Rally; and

         (3) attempting to aid or assist the City of Palmdale
             and others in attempting to prevent, delay or
             interfere with New GM's establishment of the new
             dealership; and

  (c) direct Rally Auto to dismiss the California Action with
      prejudice.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At June 30, 2010, GM had $131.899 billion in total assets,
$101.00 billion in total liabilities, $6.998 billion in preferred
stock, and $23.901 billion in stockholders' equity.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

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


GENERAL MOTORS: Old GM Wants Plan Exclusivity Until March 29
------------------------------------------------------------
Motors Liquidation Company and its debtor affiliates ask Judge
Robert Gerber of the U.S. Bankruptcy Court for the Southern
District of New York to extend through March 29, 2011, their
exclusive period to solicit acceptances of the Plan of
Reorganization they filed on August 31, 2010.

Stephen Karotkin, Esq., at Weil, Gotshal & Manges LLP, in New
York, relates that a hearing to consider approval of the
Disclosure Statement explaining the Debtors' Plan is scheduled
for October 21, 2010, and the Debtors have asked that a hearing
to consider confirmation of the Plan be scheduled approximately
60 days thereafter.  Because solicitation of the Debtors' Plan
will extend beyond their existing Exclusive Periods, the Debtors
deem it necessary to seek for a four-month extension of the
Solicitation Period through March 29, 2011, he says.

Mr. Karotkin asserts that the size and complexity of the Debtors'
bankruptcy cases clearly warrant the requested extension of the
Solicitation Period.  These Chapter 11 cases, he says, are among
the largest and most complex ever filed in the United States.  At
the Petition Date, the Debtors were the largest Original
Equipment Manufacturer of automobiles in the U.S. and the second
largest in the world; employed approximately 235,000 employees
worldwide; and had, as of March 31, 2009, consolidated reported
global assets of $82,290,000,000 and liabilities of
$172,810,000,000, he notes.

After having implemented the only available means to preserve and
maximize the value, viability, and continuation of their business
enterprise and enhance the interests of their economic
stakeholders through the sale of substantially all of their
assets pursuant to Section 363 of the Bankruptcy Code, the
Debtors continue to manage and maintain substantial assets that
require divesture or long-term maintenance, Mr. Karotkin relates.

In addition, more than 70,000 proofs of claim in the aggregate
amount of approximately $274 billion have been filed against the
Debtors.

Mr. Karotkin argues that as with other large and complex
bankruptcy cases, the Debtors' existing Solicitation Period does
not provide adequate time to complete the plan process.  The
sheer number of parties involved in the solicitation and
confirmation process alone constitutes sufficient cause to extend
the Solicitation Period, he maintains.

Mr. Karotkin points out that in the 15 months the Debtors are in
bankruptcy, they have, among other things:

  * completed the sale of substantially all of their assets to
    New GM pursuant to the 363 Transaction that resulted in
    substantial recoveries to the estates and preservation of
    employment for approximately 235,000 employees worldwide,
    including 91,000 domestic employees, after a three-day
    trial;

  * responded to several appeals of the order approving the 363
    Transaction and continue to respond to others;

  * been addressing the orderly liquidation and wind-down of the
    Debtors' remaining assets and properties.  In relation to
    this development, the Debtors retained a number of
    professionals to assist in the administration of their
    estates, including the professionals at AP Services, who
    have taken the lead in compiling information related to the
    Debtors' remaining assets and administering the Debtors'
    estates, local and foreign counsel, as well as accounting
    professionals and environmental consultants;

  * analyzed their remaining physical assets and the assets and
    obligations of their numerous remaining subsidiaries to
    determine the most appropriate means of liquidating or
    otherwise disposing of them;

  * analyzed more than 900,000 contracts with more than 65,000
    vendors in connection with the assumption and assignment to
    New GM of approximately 671,000 executory contracts, and has
    filed 12 omnibus motions as well as other motions to reject
    approximately 1,100 executory contracts and unexpired leases
    of non-residential real property;

  * established global procedures for asset sales concerning
    certain de minimis assets, which have generated net proceeds
    of approximately $8.8 million, and (i) sold a motor vehicle
    assembly plant located at 801 Boxwood Road, in Wilmington,
    Delaware, to Fisker Automotive, Inc, and (ii) will shortly
    consummate the sale of their equity interest in General
    Motors Strasbourg S.A.S. to General Motors Automotive
    Holdings, S.L., a wholly owned subsidiary of New GM;

  * substantially analyzed more than 70,000 proofs of claim,
    aggregating approximately $274 billion, and achieved
    reductions in claims through (i) objections prosecuted in
    the Bankruptcy Court, (ii) caps voluntarily imposed under
    the ADR Procedures, and (iii) out-of-court settlements
    totaling approximately $152.5 billion;

  * filed 84 omnibus claims objections with respect to 21,342
    claims, which resulted in the expungement of more than
    $24.787 billion of claims against the Debtors' estates and
    the reclassification of more than 438 claims that improperly
    asserted either secured, administrative, and/or priority
    claims.  Most recently, the Debtors have filed 37 omnibus
    claims objections, affecting approximately 18,000 claims
    filed by certain beneficial bondholders which, if
    successful, will result in the additional expungement of
    more than $753,905,738 in claims;

  * negotiated settlements with certain equipment lessor
    resulting in modifications to lease agreements and
    assumption and assignment to New GM of those modified
    leases, resulting in the reduction or elimination of
    hundreds of millions of dollars in potential rejection
    damages;

  * established the Alternative Dispute Resolution Procedures
    for reconciliation of unliquidated and litigation claims and
    have already designated over 127 matters under the ADR
    Procedures;

  * assessed the costs associated with the remediation of owned
    properties and have reached a consensus with the numerous
    federal and state agencies involved which has been
    instrumental to and an integral part of the Debtors' Plan;

  * held intense discussions with various parties-in-interest
    regarding the formulation of a Chapter 11 plan; and

  * responded to countless inquiries related to the status of
    these cases and specific contract counterparty demands; and

  * filed a Chapter 11 Plan, which will implement the consensual
    resolution of their environmental liabilities, which was the
    prerequisite to the filing of any confirmable plan and the
    commencement of distributions to holders of allowed claims.

Mr. Karotkin asserts that the requested extension is reasonable
given the Debtors' progress to date and the current posture of
their Chapter 11 cases.

The Debtors, he assures the Court, are not seeking the extension
to delay the administration of their estates for some speculative
event or to pressure creditors to accede to a plan unsatisfactory
to them, but merely to have enough time to seek acceptances to
the Plan in an orderly fashion which will inure to the benefit of
all economic stakeholders.

The Court will convene a hearing on September 27, 2010, to
consider approval of the extension request.  Objections are due
no later than September 20.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At June 30, 2010, GM had $131.899 billion in total assets,
$101.00 billion in total liabilities, $6.998 billion in preferred
stock, and $23.901 billion in stockholders' equity.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

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


GOLDEN TREE: Case Summary & 5 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Golden Tree, Inc.
         fdba Shell Food Mart
          dba Citgo Food Mart
        1050 Holcombe Road
        Decatur, GA 30032

Bankruptcy Case No.: 10-86447

Chapter 11 Petition Date: September 6, 2010

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

Judge: Joyce Bihary

Debtor's Counsel: Paul Reece Marr, Esq.
                  PAUL REECE MARR, P.C.
                  300 Galleria Parkway, N.W., Suite 960
                  Atlanta, GA 30339
                  Tel: (770) 984-2255
                  Fax: (770) 984-0044
                  E-mail: pmarr@mindspring.com

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

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

A list of the Company's five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-86447.pdf

The petition was signed by II Sun Kim, CEO.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Cherokee Run Country Club, Inc.        08-94120   11/25/08


GREAT ATLANTIC: Officers Acquire Non-Qualified Stock Options
------------------------------------------------------------
Christian W. E. Haub, Executive Chairman at Great Atlantic &
Pacific Tea Co. Inc., acquired Non-Qualified Stock Option (right
to buy) that entitle him to buy 636,363 common shares.

Frederic F. Brace, Executive Vice President and Chief
Administrative Officer at Atlantic & Pacific, acquired Non-
Qualified Stock Option (right to buy) that entitle him to buy
394,570 common shares.

Paul Hertz, Executive VP for Operations, acquired Non-Qualified
Stock Option (right to buy) that entitle him to buy 378,787 common
shares.

Christopher McGarry, Senior Vice President, General Counsel and
Secretary, acquired Non-Qualified Stock Option (right to buy) that
entitle him to buy 202,020 common shares.

Thomas O'Boyle Jr., Executive Vice President for Merchandising and
Marketing, acquired Non-Qualified Stock Option (right to buy) that
entitle him to buy 394,570 common shares.

According to each of the officers' Form 4 regulatory filing, the
award grant was conditioned upon acceptance by the Officer and
written agreement to a release of claims and non-compete in favor
of the Company, which acceptance and agreement occurred on
September 7, 2010.

The option vests in three equal installments on each of August 26,
2011, 2012 and 2013, respectively, subject to early vesting on
eligible retirement.

                            About A&P

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc. (A&P, NYSE Symbol: GAP), founded in 1859, is one of
the nation's first supermarket chains.  The Company operates 429
stores in 8 states and the District of Columbia under the
following trade names: A&P, Waldbaum's, Pathmark, Pathmark Sav-a-
Center, Best Cellars, The Food Emporium, Super Foodmart, Super
Fresh and Food Basics.

The Company's balance sheet at June 19, 2010, showed $2.6 billion
in total assets, $897.0 million in total current liabilities, $2.3
billion in total non-current liabilities, $135.0 million series A
redeemable preferred stock, and $659.0 million in stockholders'
deficit.

Great Atlantic carries 'Caa3' probability of default and corporate
family ratings from Moody's Investors Service and a 'CCC'
corporate credit rating from Standard & Poor's.

At the end of July 2010, when Moody's downgraded the SGL rating to
SGL-4 (reflecting weak liquidity), Moody's said, "A&P does have
sufficient liquidity to meet immediate operating needs, but
liquidity is strained over the next four quarters as a result of
the company's debt maturity in June 2011."  S&P, in July 2010,
when it lowered the corporate rating to 'CCC' from 'CCC+', said it
"expects weak trends to continue and the company to be
significantly cash flow negative."


GREEKTOWN HOLDINGS: J/S Asserts Substantial Contribution Claim
--------------------------------------------------------------
Pursuant to Sections 503(b)(3)(D) and (b)(4) of the Bankruptcy
Code, Jenkins/Skanska Venture LLC asks Bankruptcy Judge Walter
Shapero to allow payment of fees it incurred in making a
substantial contribution to the Debtors' Chapter 11 cases.

Section 503(b)(3)(D) provides that the Court may allow, as an
administrative expense, the payment of the expenses of a
"creditor, an indenture trustee, an equity holder, or a committee
representing creditors or equity holders other than a committee
appointed under Section 1102 of this title, in making a
substantial contribution in a case under Chapter 9 or 11 of this
title."

Jenkins/Skanska was the construction manager for the Debtors'
Casino, Hotel and Parking Deck.  Just before the Petition Date,
the Project was facing a construction shut down because of the
substantial delinquent payments owed by the Debtors to
Jenkins/Skanska and its subcontractors.

Jenkins/Skanska is specifically seeking $526,831 in substantial
contribution fees.  The Fees represent fees for professionals
that provided services to Jenkins/Skanska for the period from May
2008 through March 2009.  The J/S Attorneys were Dykema Gossett
PLLC and Wolf & Samson PC.  The Fees were incurred in connection
with Jenkins/Skanska's work related to the completion of
construction of the Debtors' gambling complex and hotel, which
was substantially incomplete at the Petition Date, according to
Ronald L. Rose, Esq., at Dykema Gossett PLLC, in Bloomfield
Hills, Michigan.

In addition to the Substantial Contribution Fees, the
Construction Contract between the Debtors and Jenkins/Skanska
itself provides for the reimbursement of fees, Mr. Rose points
out.  In this light, the fees request are the sum of the
Substantial Contribution Fees and additional fees preparing
information at the Debtors' request and preparing for this
application motion.  The additional fees total $49,791, for a
total request of contractual fees aggregating $576,622.

By this motion, Jenkins/Skanska asks the Court to allow:

  (a) as administrative expenses, fees under Section
      503(b)(3)(D) and (b)(4) incurred by the J/S Attorneys on
      behalf of Jenkins/Skanska aggregating $526,831; and

  (b) a contractual claim for $576,622.

Mr. Rose asserts that Jenkins/Skanska was not working solely to
benefit itself, but to work with its subcontractors and the
Debtors and the DIP lenders to complete the Project and get the
subcontractors paid.

"The efforts of Jenkins/Skanska and the J/S Attorneys were
virtually all in connection with continuing to negotiate on
behalf of both itself and its subcontractors.  It was only by
doing so and constant communication with subcontractors while
knocking heads with the Debtor and DIP Lenders that the Project
was fully completed," Mr. Rose says.

Without the substantial effort by Jenkins/Skanska and the J/S
Attorneys, there is no doubt that the Project could not have been
completed, let alone on time and on budget,' Mr. Rose emphasizes.

            Reorganized Greektown Asserts Counterclaim

On behalf of Reorganized Greektown, Daniel J. Weiner, Esq., at
Schafer and Weiner PLLC, in Bloomfield Hills, Michigan, contends
that because of the economic downtown in the national and
regional economy, the Debtors' operating revenues were ultimately
insufficient to fully fund the construction budget for the
Project.

Mr. Weiner tells the Court that after the Construction Contract
was executed but before the commencement of work on the Project
in July 2006, the Debtors provided an Owner Controlled Insurance
Program or OCIP for the Project.  Under the program, the Debtors
paid for liability and workers compensation insurance in
connection with the Project.

The billing rates of Jenkins/Skanska, however, were never
adjusted from the rates attached to the Construction Contract to
account for its insurance savings due to the OCIP because
Jenkins/Skanska and the Debtors' representative with respect to
the Project, Hammes Company, agreed that the savings would be
calculated when the Project was completed and credited against
Jenkins/Skanska's final application for payment, Mr. Weiner
reveals.  Jenkins/Skanska submitted one application for payment
that contained a credit for the insurance savings, but due to its
agreement with Hammes, no other credits were applied to other
payment applications, he continues.

Mr. Weiner asserts that final payment for the Project was made by
the Debtors on September 30, 2009.  He adds that thereafter, an
insurance audit revealed that the credit for savings under the
OCIP was never applied by Jenkins/Skanska.

Scot Norris, the Project Director of Jenkins/Skanska, was
promptly notified that a credit for $100,000 was due to the
Debtors, "within a reasonable time after discovery of the claim"
as required by the Construction Contract, according to Mr.
Weiner.

Although a credit against the Debtors' cost of the Project
amounting to $100,000 should have been applied based on
Jenkins/Skanska's cost savings for workers compensation
insurance, Jenkins/Skanska has refused to apply the credit, Mr.
Weiner tells Judge Shapero.

Since Jenkins/Skanska received payment in full of the cost of the
Project, Jenkins/Skanska should be required to refund to
Reorganized Greektown the $100,000, Mr. Weiner argues.

Accordingly, Reorganized Greektown asks the Court enter an order
requiring Jenkins/Skanska to pay $100,000.

           Reorganized Greektown Objects to J/S Claim

Jenkins/Skanska filed the Claim No. 264 on October 29, 2008,
asserting a secured claim for $43,357,096 for "construction
services."

Mr. Weiner tells the Court that Jenkins/Skanska presented the
Debtors with an invoice showing a balance of $578,861, with a
notation stating "this is final except for pursuit of legal
fees."  He maintains that the Debtors paid the balance by wire
transfer on September 30, 2009.

Accordingly, Reorganized Greektown asks Judge Shapero to disallow
Claim No. 264 for these reasons:

  (1) Jenkins/Skanska has been paid in full for all construction
      services and labor and materials provided to the Debtors
      and thus, Jenkins/Skanska does not have a "claim" within
      the meaning of Section 101(5) of the Bankruptcy Code.

  (2) Jenkins/Skanska's proof of claim does not include legal
      fees, nor does it refer generally to obligations under its
      contract with the Debtors.  Thus, Jenkins/Skanska is
      barred by the passing of the Bar Date and the occurrence
      of the Effective Date of the Plan.  Additionally, it is
      too late for Jenkins/Skanska to amend its proof of claim.

  (3) Even if Jenkins/Skanska had validly interposed a proof of
      claim for legal fees, which it did not, Jenkins/Skanska
      would not be entitled to reimbursement of the fees it
      seeks in the Motion under the plain language of the
      Construction Contract, because the fees were incurred in
      disputes with the Debtors, which are expressly excluded
      from reimbursement, and Jenkins/Skanska did not have
      written permission to perform any of the services.

  (4) If Jenkins/Skanska had included a claim for legal fees in
      its proof of claim, the Claim still would not be secured
      because a construction lien relates only to "improvements"
      and "actual physical improvements" under Michigan law.

  (5) Even if the court were to decide that any of
      Jenkins/Skanska's legal fees are reimbursable from the
      Reorganized Debtors, the fees are subject to a setoff for
      amounts owed from Jenkins/Skanska to Reorganized
      Greektown for cost savings pursuant to an Owner Controlled
      Insurance Program.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

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

The Joint Plan of Reorganization for Greektown Holdings LLC and
five of its debtor affiliates proposed by certain noteholder
entities, the Official Committee of Unsecured Creditors of the
Debtors, and Deutsche Bank Trust Company Americas, as indenture
trustee, was declared effective on June 30, 2010.  Greektown
Casino Hotel clinched its way to the June 30 finish line when it
obtained a unanimous approval from the Michigan Gaming Control
Board on June 28, 2010, of the transfer of the Company's ownership
from the Sault Ste. Marie Tribe of Chippewa Indian to new
investors.


GREEKTOWN HOLDINGS: Kewadin & Monroe Cases Converted to Chapter 7
-----------------------------------------------------------------
Judge Walter Shapero ruled that the Chapter 11 cases of Kewadin
Greektown Casino LLC, Case No. 08-53105, and Monroe Partners,
Case No. 08-53107, are deconsolidated from the lead case of
Greektown Holdings LLC, Case No. 08-53104.

The cases of Kewadin Greektown and Monroe Partners are converted
into proceedings under Chapter 7.

The Court reminds that as stated in the original Orders for Joint
Administration, a proof of claim against any of the Debtors or
their estates must be filed in the particular bankruptcy case of
the Debtor against whom the claim is asserted, and not in the
jointly administered case, unless the creditor asserts a claim
against Greektown Holdings.

In the event the Debtors determine the existence of conflicts
among the estates, they will promptly provide that information to
the U.S. Trustee, the Court orders.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

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

The Joint Plan of Reorganization for Greektown Holdings LLC and
five of its debtor affiliates proposed by certain noteholder
entities, the Official Committee of Unsecured Creditors of the
Debtors, and Deutsche Bank Trust Company Americas, as indenture
trustee, was declared effective on June 30, 2010.  Greektown
Casino Hotel clinched its way to the June 30 finish line when it
obtained a unanimous approval from the Michigan Gaming Control
Board on June 28, 2010, of the transfer of the Company's ownership
from the Sault Ste. Marie Tribe of Chippewa Indian to new
investors.


GREEKTOWN HOLDINGS: Professionals Seek $45 Mil. in Final Fees
-------------------------------------------------------------
Pursuant to Sections 330 and 331 of the Bankruptcy Code, about 12
professionals retained in the Debtors' Chapter 11 cases filed
with the Bankruptcy Court their final fee applications, seeking
payment of fees aggregating $43,500,000, and reimbursement of
expenses amounting to $2,100,000.

The specific final fees and expenses requested are:

Firm                        Period         Fees       Expenses
----                        ------      ----------    ---------
Schafer and Weiner PLLC     05/28/08-   $3,966,511     $263,209
Debtors' Counsel            06/30/10

Honigman Miller Schwartz    05/29/08-   $4,417,127     $303,169
and Cohn LLP                06/30/10
Debtors' Special Counsel

Jackier Gould P.C.          03/19/09-     $279,760      $10,091
Debtors' Special Counsel    06/30/10

Floyd E. Allen & Associates 12/01/08-      $42,285         $630
Debtors' Special Counsel    11/30/09

Osipov Bigelman P.C.        05/27/10-       $5,358           $0
Debtors' Special            06/30/10
Conflicts Counsel

Moelis & Company LLC        10/07/08-  $12,239,065     $678,179
Debtors' Investment Banker  06/30/10

Ernst & Young LLP           06/30/08-   $2,712,655      $15,543
Debtors' Auditors           06/30/10

Conway McKenzie Inc.        05/29/08     $7,577,927    $131,311
Debtors' Financial          06/30/10
Advisors

Deloitte Financial          10/12/09-     $354,006       $7,177
Advisory Services LLP       06/29/10
Debtors' Valuation Provider

Fine Point Group            01/15/09-   $8,000,697     $655,944
Debtors' Gaming             12/31/09
Consultant

XRoads Solutions Group LLC  06/23/08-   $2,318,411      $19,373
Official Committee of       06/30/10
Unsecured Creditors'
Advisors

Clark Hill PLC              06/08/08-   $1,585,612      $43,055
Creditors' Committee's      06/30/10
counsel

The amount of fees sought by Moelis reflects a voluntary discount
of $2,000,000.

The Final Fee Applications were submitted by the various firms to
the Court in mid-August 2010.  Pursuant to Rule 2002 of the
Federal Rues of Bankruptcy Procedure, responses to the
Applications were due within 21 days of the filing of the Notice
of hearing, which date is September 6, 2010.

Reorganized Greektown however averred that while most of the Fee
Parties materially contributed to their successful
reorganization, a meaningful review of the Applications is
necessary to assure that the compensation awarded is fair to all
parties-in-interest, including the parties that contributed more
than $200 million to ensure that the Debtors would emerge from
Chapter 11 well-capitalized.

Accordingly, Reorganized Greektown sought and obtained an order
from the Court extending the deadline to file objections to the
Final Fee Applications through October 15, 2010.

Reorganized Greektown maintained that the requested extension
will not be prejudice as most of them have been paid the vast
majority of the requested fees and expenses pursuant to previous
interim fee applications.

Similarly, the U.S. Trustee for Region 9 entered into a separate
Court-approved stipulation with Schafer and Weiner, Honigman
Miller, Clark Hill, Conway McKenzie, Ernst & Young, XRoads
Solutions and Moelis for the extension of the U.S. Trustee's time
to file objections to the Final Fee Application through
October 15, 2010.

The Court further gives the U.S. Trustee and the Stipulating
Firms until November 15, 2010, to negotiate possible resolutions
to the U.S. Trustee's objections to the Fee Applications.

All objections to the Final Fee Applications will be presented to
the Court by the U.S. Trustee and the affected parties at the
omnibus hearing scheduled for November 29, 2010.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

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

The Joint Plan of Reorganization for Greektown Holdings LLC and
five of its debtor affiliates proposed by certain noteholder
entities, the Official Committee of Unsecured Creditors of the
Debtors, and Deutsche Bank Trust Company Americas, as indenture
trustee, was declared effective on June 30, 2010.  Greektown
Casino Hotel clinched its way to the June 30 finish line when it
obtained a unanimous approval from the Michigan Gaming Control
Board on June 28, 2010, of the transfer of the Company's ownership
from the Sault Ste. Marie Tribe of Chippewa Indian to new
investors.


GSI GROUP: Moves Annual Shareholders Meeting to November 23
-----------------------------------------------------------
GSI Group Inc. has moved its annual meeting of shareholders to
Nov. 23, 2010, from its original scheduled date of Sept. 30.

The Company said it expects to set Oct. 18, 2010 as the record
date for this meeting.  The Company also expects to file its
Annual Report on Form 10-K for the year ended Dec. 31, 2009, and
Quarterly Reports on Form 10-Q for the fiscal quarters ended
April 3, July 3, and Oct. 2, 2009, by Oct. 15, 2010, thereby
providing shareholders with 2009 financial information prior to
the annual meeting.  Additionally, the Company expects to file its
Quarterly Reports on Form 10-Q for the fiscal quarters ended April
2,
July 2, and Oct. 1, 2010, by Dec. 31, 2010.

The Company also said that it continues to make progress on its
financial performance.  For the second quarter of 2010, bookings
were approximately $100 million, compared to bookings of
approximately $95 million in the first quarter of 2010 and
approximately $40 million in the second quarter of 2009.  At
July 2, 2010, the Company's consolidated backlog was approximately
$100 million.

The Board of Directors recently retained the executive recruiting
firm Lancor Partners LLC to assist in identifying and recruiting a
permanent Chief Executive Officer for the Company.  Lancor will
work with the search committee of the Board with the goal of
filling this position by year end.

Stephen W. Bershad, GSI's Chairman of the Board said "While I'm
disappointed that the shareholder meeting is being postponed, I am
pleased that the shareholders will have access to the Company's
2009 Form 10K prior to the meeting.  The quarter's bookings
demonstrate the strength of the Company's industry-leading
technologies, loyal customer base and talented people.  I believe
GSI is positioned for long-term profitable growth, delivering
quality services to our customers and innovative product
initiatives.  The Company is committed to improving shareholder
value, and will seek to grow its core businesses and focus on
efficiencies and integration opportunities."

Michael Katzenstein, Principal Executive Officer, said of the
results, "We are continuing to win profitable business in highly
competitive markets and this quarter demonstrates the strength of
our offerings and our operating teams.  We emerged from Chapter 11
re-energized due in large part to the hard work and dedication of
our employees who worked diligently during the reorganization
process and remained focused on providing outstanding value and
service to our customers.  While we operate in a competitive and
dynamic marketplace, we see growth in demand for our products and
services, and customer faith in our ability to invent and innovate
to their needs.  We believe that we are well-positioned-by
geography, in our customer segments, and in our key product
categories-as our customers increase their technology and
infrastructure investments.  While many exciting challenges are
still ahead, I remain optimistic about GSI's prospects for the
future."

On July 2, 2010, the Company had cash and cash equivalents of
approximately $87.4 million.  During the third quarter of 2010,
as a result of the Company's emergence from bankruptcy on July
23, 2010, the Company made cash distributions under its court
approved plan of reorganization of approximately $46.3 million.
On September 3, 2010, the Company had cash and cash equivalents of
approximately $51.1 million.

On July 2, 2010, the Company had long-term debt of $210.0 million.
During the third quarter of 2010, as a result of the consummation
of its court-approved plan with the receipt of proceeds from
its rights offering, the Company reduced its long-term debt to
$107.0 million as of Sept. 3, 2010.  Also, on July 2, 2010 the
Company had approximately 48.4 million common shares issued and
outstanding. During the third quarter of 2010, as a result of the
Company's emergence from bankruptcy, including the completion of
its rights offering, the Company had approximately 100.0 million
common shares issued and outstanding on Sept. 3, 2010.

The Company said the bookings and balance sheet data included
above have not been reviewed by its auditors and are subject to
change as a result of their review as well as the completion of
the 2009 audit.  Please note that bookings and backlog may not
result in revenue, as they are subject to termination or
cancellation under certain circumstances.

                          About GSI Group

GSI Group Inc. supplies precision technology to the global
medical, electronics, and industrial markets and semiconductor
systems.  GSI Group Inc.'s common shares are quoted on Pink Sheets
OTC Markets Inc. (GSIGQ).

The Company and two of its affiliates filed for Chapter 11
protection on Nov. 20, 2009 (Bankr. D. Del. Lead Case No. 09-
14110).  William R. Baldiga, Esq., at Brown Rudnick LLP,
represents the Debtors as lead counsel.  Mark Minuti, Esq., at
Saul Ewing LLP, as its local counsel.  The Debtors selected Garden
City Group Inc. as their claims and notice agent.  The Debtors
disclosed $555,000,000 in total assets and $370,000,000 in total
liabilities as of Nov. 6, 2009.

GSI Group successfully emerged from Chapter 11 restructuring in
July 2010.  Under the plan that was confirmed in May, noteholders
are to receive 86.1% of the stock of the reorganized company's.


HAROLD PAVILACK: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Harold H. Pavilack
          aka Harry H. Pavilack
              Harry Pavilack
        P.O. Box 2740
        Myrtle Beach, SC 29578

Bankruptcy Case No.: 10-06503

Chapter 11 Petition Date: September 7, 2010

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

Judge: John E. Waites

Debtor's Counsel: Cheevin Ty Gardner, Esq.
                  Harry Pavilack And Associates
                  603 N. Kings Highway
                  Myrtle Beach, SC 29577
                  Tel: (843) 448-9471
                  Fax: (843) 626-0003
                  E-mail: lexesquire@yahoo.com

Estimated Assets: $0 to $50,000

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

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/scb10-06503.pdf


HARRISBURG, PA: Receiver Sought by Daughin County and Bond Insurer
------------------------------------------------------------------
Dauphin County, Pennsylvania, bond trustees and bond insurer
Assured Guaranty Municipal Corp. on September 13 filed complaints
to seek the appointment of a receiver for the Harrisburg
Authority's Resource Recovery Facility and to obtain an order of
mandamus to compel the city of Harrisburg to meet its obligations
on the defaulted Harrisburg Authority Resource Recovery Facility
Revenue bonds.  AGM and its affiliates have consolidated net par
outstanding of $198.3 million to the Authority's Resource Recovery
Facility Revenue Bonds, of which $107.4 million is guaranteed by
both the City and the County and the remaining $90.9 million is
guaranteed only by the City.

The County, the trustees and AGM took these actions based on
increasing concern about the Mayor's and City Council members'
inability to work together toward a viable restructuring plan, as
evidenced by lack of agreement on the appointment of board members
to constitute a quorum on the Authority's board.

"We continue to hold out hope that the City will begin to work
with the other parties to develop a responsible solution to their
debt crisis. It is disappointing that the City has not even
acknowledged our proposed solution offered in August 2009 or our
most recent offer to develop a plan to address the refinancing of
the December 2010 payment," said Dauphin County Commissioner Jeff
Haste. "While we are committed to working with the City on a
responsible solution, we have an obligation to also protect the
interests of the other 39 municipalities in Dauphin County."

Dominic Frederico, Chief Executive Officer of AGM, said: "Though
we have been forced to exercise our legal rights and remedies, we
are committed to continue to work with the County, Authority and
City to develop a restructuring plan that allows the Authority and
City to meet their obligations."

As of September 13, 2010, AGM has made debt service reserve surety
payments totaling $0.9 million on the Authority's Series F 2003
bonds and a scheduled interest payment of $400,000 on the
Authority's Series A 2002 bonds.

                   Accelerated Payments by State

As reported by the Troubled Company Reporter, Pennsylvania
Governor Ed Rendell on September 12 accelerated $3.6 million in
state aid to avert a default on $3.3 million in Sept. 15 payments
on Harrisburg's general-obligation bonds.

A default by Harrisburg would boost borrowing costs or make credit
unobtainable for other Pennsylvania municipalities, Gov. Rendell
said.  Harrisburg has skipped $8 million in 2010 payments it
guaranteed on behalf of the Harrisburg Authority, which oversees
the incinerator, and has a $4 million gap in this year's budget,
according to Mayor Linda Thompson.

"A receiver simply takes over the enterprise, collects the
revenues, pays the bills," said Jeffrey Blumenfeld, a public-
finance lawyer at Kutak Rock LLP in Philadelphia, according to
Bloomberg News.  Appointing a municipal receiver requires court
approval, he said.

If the court finds Harrisburg defaulted on its guarantees and
accepts the requests from Assured Guaranty and Dauphin County, it
can compel the city treasurer to put municipal tax revenue into a
debt-repayment fund, Mr. Blumenfeld said.  Harrisburg and the
authority are named as co-defendants in the court case.

The case is TD Bank, National Association v. The Harrisburg
Authority, 10cv11737, Dauphin County Common Pleas Court
(Harrisburg).

                     About Dauphin County

Dauphin County, located in the heart of central Pennsylvania and
home of the state capital, consists of 525 square miles and 40
municipalities. Dauphin County and its 40 departments are governed
by a board of three elected commissioners. Situated within a short
driving distance of Philadelphia, Pittsburgh, Baltimore,
Washington , D.C. and New York City, the region contains the best
of both worlds - both cosmopolitan chic and down-home country.

           About Assured Guaranty Municipal Corp.

AGM is a financial guaranty insurance subsidiary of Assured
Guaranty Ltd. (together with its subsidiaries, Assured Guaranty or
the Company) (NYSE: AGO). Assured Guaranty is a Bermuda-based
holding company that provides, through its operating subsidiaries,
credit protection products to the public finance, infrastructure
and structured finance markets in the United States, as well as
internationally. The Company applies its credit underwriting
expertise, risk management skills and capital markets experience
to develop insurance, reinsurance and credit derivative products.
AGM's principal product is a guaranty of principal and interest
payments on debt securities issued by governmental entities such
as U.S. state or municipal authorities and obligations issued for
international infrastructure projects.

                       About Harrisburg, PA

The city of 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 roughly $10 million and Harrisburg is responsible for the
other $10 million.   The city is guarantor on 100% of the
$288 million Incinerator debt.

As reported by the Troubled Company Reporter on August 19, 2010,
Harrisburg hired Scott Balice Strategies to help plot a financial
recovery plan.

As reported by the TCR on September 7, 2010, Dow Jones' DBR Small
Cap said elected officials in Harrisburg met to discuss hiring a
bankruptcy adviser and handing over control of their troubled
municipal authority to a receiver as the city's fiscal problems
mount.  As reported by the TCR on September 1, Harrisburg will
skip $3.29 million in debt-service payments on general obligation
debt from 1997 due Sept. 15.  Ambac Assurance Corp., which insures
the GO bonds, will meet payments to investors.


HOLLYWOOD MOTION PICTURE: Court Confirms Liquidation Plan
---------------------------------------------------------
A California bankruptcy judge last week confirmed a liquidation
plan by Debbie Reynold's Hollywood Motion Picture and Television
Museum.

Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reports the liquidation scenario laid out in the museum's Chapter
11 plan calls on a "nationally recognized auction house," like
Christie's, Julien's Auctions, Sotheby's or Profiles in History,
to sell off at least $5 million worth of memorabilia in auctions
spaced at least six months apart.

Ms. Palank says the judge picked the museum's plan over a rival
plan from lender Gregory Orman.  Mr. Orman, whose litigation to
collect on a note he accused the museum of defaulting on spurred
the museum's bankruptcy filing last summer, had proposed selling
enough of the collection to cover creditor claims.  He would have
left it to the auctioneer to choose which pieces were sold.

According to Ms. Palank, under the museum's plan, Mr. Orman will
receive the first cut until his $2.4 million promissory note is
paid off in full, with interest.  Remaining creditors will get
their payment according to their rank on the Bankruptcy Code's
priority scale.  The plan allows the museum to at any time sell
all or a portion of the collection directly to a third-party
buyer.

Todd Fisher, Ms. Reynolds' son and the museum's president, told
the Knoxville News Sentinel Thursday that the museum would seek to
hire Christie's to hold the first auction by June.  He added that
his mother was heartbroken over the fate of her collection, which
she began amassing several decades ago as giant film studios
started getting rid of the costumes, props and the other items
that Ms. Reynolds couldn't bear see laid to waste.

                  About Hollywood Motion Picture

Creston, California-based Hollywood Motion Picture and Television
Museum -- http://www.hmpc.tv/-- is a California non-profit
organization that actress Debbie Reynolds founded to build a
museum for her collection of Hollywood memorabilia.  It owns the
artifacts of Hollywood's Golden Age that Ms. Reynolds collected
over several decades.

The Hollywood Motion Picture and Television Museum filed for
Chapter 11 bankruptcy protection on June 12, 2009 (Bankr. C.D.
Calif. Case No. 09-12311).  Judge Robin Riblet presides over the
case.  Peter Susi, Esq. -- cheryl@msmlaw.com -- in Santa Barbara,
California, serves as counsel to the Debtor.  In its petition, the
Debtor estimated assets of $10 million to $50 million and debts of
$1 million to $10 million.

Hollywood Motion Picture Trust filed for Chapter 11 bankruptcy on
February 24, 2010 (Bankr. C.D. Calif. Case No. 10-10864) also
before Judge Riblet.  Peter Susi, Esq., also serves as counsel to
the Trust.  In schedules filed together with the petition, the
Trust disclosed total assets of $5,261,474, and total debts of
$5,556,944.


INDIAN TRAIL: Case Summary Largest Unsecured Creditor
-----------------------------------------------------
Debtor: Indian Trail Plaza, LLC
        Suite C, 6292 Lawrenceville Highway
        Tucker, GA 30084

Bankruptcy Case No.: 10-86535

Chapter 11 Petition Date: September 7, 2010

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

Judge: Wendy L. Hagenau

Debtor's Counsel: Joseph H. Turner, Esq.
                  JOSEPH H. TURNER JR. PC
                  580 Cliftwood Ct. NE
                  Sandy Springs, GA 30328
                  Tel: (770) 480-1939

Scheduled Assets: $1,700,000

Scheduled Debts: $1,304,409

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

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Gwinnett County Tax       2010 Real Estate       $18,458
Commissioner              Taxes
75 Langley Drive
Lawrenceville, GA 30046

The petition was signed by Rony Koshy, chief operating officer.


IRH VINTAGE: Gets Interim Nod to Use Cash Collateral
----------------------------------------------------
IRH Vintage Park Partners, LP, et al., sought and obtained interim
authorization from the Hon. Jeff Bohm of the U.S. Bankruptcy Court
for the Southern District of Texas to use cash collateral until
Sepember 19, 2010.

Capmark Bank allegedly holds liens on the Debtors' assets.  In
July 2007, Debtors IRH and VPI General Partner, LLC's entered
into a loan agreement with Capmark Bank, which provided, among
other things, that Capmark loan the Debtor $41 million for the
purchase of Vintage Park Apartment Homes.  The Loan Agreement was
subsequently modified by written agreement dated June 2009, and
executed by the Debtor and Capmark, and as further modified
pursuant to a second loan modification agreement dated January
2010, executed by the Debtor and Capmark.  The Loan matured in
July 2010.  As of the Petition Date, the outstanding indebtedness
owed to Capmark is approximately $41 million.

T. Josh Judd, Esq., at Hoover Slovacek LLP, explained that the
Debtors need the money to fund their Chapter 11 case, pay
suppliers and other parties.

In exchange for using the cash collateral, the Debtors will grant
Capmark Bank replacement liens on the Debtors' rents and accounts
receivable acquired after the bankruptcy filing to the same
extent, validity, and priority as existed on the date the Chapter
11 case was filed, and to the extent of cash collateral that is
actually used.

The Debtors will use the collateral pursuant to a weekly budget, a
coy of which is available for free at:

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

The Court has set a final hearing for September 29, 2010, at
1:30 p.m.

Birmingham, Alabama-based IRH Vintage Park Partners, L.P., dba
Vintage Park Apartment Homes, is a limited partnership that owns
and operates a large 324 unit upscale gated apartment community
located at 15727 Cutten Road, in northwest Houston.  IRH is owned
by VPI General Partner, LLC, its 1% general partner and Vintage
Park Investments, LLC, its 99% limited partner.

IRH Vintage filed for Chapter 11 bankruptcy protection on
September 2, 2010 (Bankr. S.D. Tex. Case No. 10-37503).  Edward L
Rothberg, Esq., Melissa Anne Haselden, Esq., and T. Josh Judd,
Esq., at Hoover Slovacek, LLP, assist the Debtor in its
restructuring effort.  The Debtor estimated its assets and debts
at $10 million to $50 million as of the petition date.


IRH VINTAGE: Gets Okay to Hire Hoover Slovacek as Bankr. Counsel
----------------------------------------------------------------
IRH Vintage Park Partners, LP, et al., sought and obtained
authorization from the Hon. Jeff Bohm of the U.S. Bankruptcy Court
for the Southern District of Texas to employ Hoover Slovacek LLP
as bankruptcy counsel.

HSLLP will, among other things:

     (a) assist, advise and represent the Debtors in analyzing
         the Debtors' assets and liabilities, investigating the
         extent and validity of liens and participating in and
         reviewing any proposed asset sales or dispositions;

     (b) attend meetings and negotiate with the representatives of
         the secured creditors;

     (c) assist the Debtors in the preparation, analysis and
         negotiation of any plan(s) of reorganization and
         disclosure statement accompanying any plan(s) of
         reorganization; and

    (d) appear, as appropriate, before the Court, the Appellate
         Courts, and other Courts in which matters may be heard
         and to protect the interests of Debtors before the
         courts and the U.S. Trustee; and

The hourly rates of the HSLLP's personnel are:

         Edward L. Rothberg                         $375
         Annie Catmull                              $310
         Melissa Haselden                           $250
         T. Josh Judd                               $225
         Legal Assistants/Paralegals              $80-$120

Edward L. Rothberg, Esq., an attorney at HSLLP, assures the Court
that the firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

Birmingham, Alabama-based IRH Vintage Park Partners, L.P., dba
Vintage Park Apartment Homes, is a limited partnership that owns
and operates a large 324 unit upscale gated apartment community
located at 15727 Cutten Road, in northwest Houston.  IRH is owned
by VPI General Partner, LLC, its 1% general partner and Vintage
Park Investments, LLC, its 99% limited partner.

IRH Vintage filed for Chapter 11 bankruptcy protection on
September 2, 2010 (Bankr. S.D. Tex. Case No. 10-37503).  The
Debtor estimated its assets and debts at $10 million to
$50 million as of the petition date.


IRH VINTAGE: Section 341(a) Meeting Scheduled for Oct. 21
---------------------------------------------------------
The U.S. Trustee for Region 7 will convene a meeting of IRH
Vintage Park Partners, L.P.'s creditors on October 21, 2010, at
11:00 a.m.  The meeting will be held at Suite 3401, 515 Rusk
Avenue, Houston, TX 77002.

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.

Birmingham, Alabama-based IRH Vintage Park Partners, L.P., dba
Vintage Park Apartment Homes, is a limited partnership that owns
and operates a large 324 unit upscale gated apartment community
located at 15727 Cutten Road, in northwest Houston.  IRH is owned
by VPI General Partner, LLC, its 1% general partner and Vintage
Park Investments, LLC, its 99% limited partner.

IRH Vintage filed for Chapter 11 bankruptcy protection on
September 2, 2010 (Bankr. S.D. Tex. Case No. 10-37503).  Edward L
Rothberg, Esq., Melissa Anne Haselden, Esq., and T. Josh Judd,
Esq., at Hoover Slovacek, LLP, assist the Debtor in its
restructuring effort.  The Debtor estimated its assets and debts
at $10 million to $50 million as of the petition date.


IRVINE SENSORS: Gets Delisting Notice From Nasdaq
-------------------------------------------------
Irvine Sensors Corporation has received a determination notice
from the Nasdaq Hearings Panel stating that the Company's shares
will be delisted from The Nasdaq Stock Market, and trading of said
shares will be suspended effective at the open of trading on
September 13, 2010.  The Panel had previously required the Company
to evidence a closing bid price of $1.00 or more for a minimum of
ten consecutive trading days on or before September 13, 2010 to
maintain its Nasdaq listing, and the Company did not achieve
compliance with this requirement.

The Company has been advised that a market maker has submitted
an application to the OTC Bulletin Board for quotation of the
Company's common stock.  The Company cannot guarantee the timing
or outcome of the OTC BB application, but it has been informed
that processing of such applications is generally expeditious.

                      About Irvine Sensors

Irvine Sensors Corporation -- http://www.irvine-sensors.com/--
headquartered in Costa Mesa, California, is a vision systems
company engaged in the development and sale of miniaturized
infrared and electro-optical cameras, image processors and stacked
chip assemblies and sale of higher level systems incorporating
such products and research and development related to high density
electronics, miniaturized sensors, optical interconnection
technology, high speed network security, image processing and low-
power analog and mixed-signal integrated circuits for diverse
systems applications.

Optex Systems, Inc., a Texas corporation and a wholly owned
subsidiary of Irvine Sensors, on September 21, 2009, filed a
voluntary petition for relief under Chapter 7 of the United States
Bankruptcy Code in the United States Bankruptcy Court in
California.

The Company's balance sheet at June 27, 2010, showed $6.86 million
in total assets and $14.73 million in total liabilities, and a
stockholders' deficit of $7.86 million.


ISLAND ONE: Files for Chapter 11 After Sales Drop
-------------------------------------------------
Island One Inc. and five affiliates of the resort company filed
for bankruptcy protection in Orlando, Florida (Bankr. M.D. Fla.
Lead Case No. 10-16177).

Orlando-based Island One estimated both assets and debt in the
range of $100 million to $500 million in its Chapter 11 petition.

Dawn McCarty at Bloomberg News reports that the Company blamed
falling sales and declining property values.  "The fall of the
real estate markets in Florida and throughout the U.S. and the
general downturn in the economy have significantly impacted the
resort development and hospitality industries," lawyers for Island
One wrote in court papers.

Island One and its affiliates have developed and managed time-
share resorts in Florida and the U.S. Virgin Islands since 1981.
Through Navigo Vacation Club, the companies have developed a
timeshare network that extends throughout the U.S., Latin America,
the Caribbean and Europe.

Elizabeth A. Green, Esq., at Baker & Hostetler LLP, in Orlando,
Florida, serves as counsel to the Debtors.


ISLAND ONE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Island One, Inc.
        8680 Commodity Circle
        Orlando, FL 32819

Bankruptcy Case No.: 10-16177

Chapter 11 Petition Date: September 10, 2010

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

Judge: Karen S. Jennemann

Debtor's Counsel: Elizabeth A. Green, Esq.
                  BAKER & HOSTETLER LLP
                  200 S. Orange Avenue
                  Suntrust Center, Suite 2300
                  Orlando, FL 32801
                  Tel: (407) 649-4000
                  Fax: (407) 841-0168
                  E-mail: egreen@bakerlaw.com

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

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

The petition was signed by Deborah L. Linden, CEO.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
PMAT Bellair, LLC                  --                     $407,695
c/o Property One, Inc.
4141 Veterans Boulevard, Suite 300
METAIRIE, LA 70002

American Express, Inc.             --                     $155,960
P.O. Box 360001
Ft Lauderdale, FL 03333-6001

Riverpoint Solutions Group, LLC    --                      $17,450
2200 E. Devon Avenue, Suite 385
Des Plains, IL 60018

Peninsula Resort Management LLC    --                      $15,592

E-techservices.com, Inc.           --                      $13,800

Paetec                             --                      $13,729

DEX Imaging Inc                    --                      $13,497

CIT Technology Fin Serv, Inc.      --                       $9,617

Kirby Oil Co., Inc.                --                       $8,000

Magic Media                        --                       $7,538

Florida Power Corp.                --                       $6,670

Western Reserve Partners, LLC      --                       $6,512

Ezrez Software, Inc.               --                       $5,000

Arda Florida                       --                       $4,340

Banc of America Leasing            --                       $3,434

Staples Advantage Staples Contract --                       $3,318
& Commercial

US Bank                            --                       $2,789

LCG Capital Group, LLC             --                       $2,654

Michael Alderman Service Center    --                       $2,443

Abbott Printing                    --                       $2,346


JERRY COX: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: The Jerry Cox Company
        P.O. Box 89
        Conway, SC 29528

Bankruptcy Case No.: 10-06501

Chapter 11 Petition Date: September 7, 2010

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

Judge: John E. Waites

Debtor's Counsel: Rose Marie Cooper, Esq.
                  COOPER LAW FIRM
                  981-C Hackler Street
                  Myrtle Beach, SC 29577
                  Tel: (843) 839-9540
                  E-mail: bknotice@myrtlebeachbankruptcylaw.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/scb10-06501.pdf

The petition was signed by Larry Lee Biddle, president.


L AND K ENTERPRISES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: L and K Enterprises, LLC
        4120 Chattahoochee Trace, #B
        Duluth, GA 30097

Bankruptcy Case No.: 10-86495

Chapter 11 Petition Date: September 7, 2010

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

Judge: Margaret Murphy

Debtor's Counsel: Christine M. Stadler, Esq.
                  STADLER LAW GROUP
                  Suite 700, One Glenlake Parkway
                  Atlanta, GA 30328
                  Tel: (678) 638-6320
                  Fax: (678) 638-6322
                  E-mail: christine@stadlerlawgroup.com

Scheduled Assets: $3,600,000

Scheduled Debts: $2,290,034

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

The petition was signed by Tok Song Lee, owner.


LAFAYETTE UNION: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: The Lafayette Union Railway Company
        c/o John McBride
        P.O. Box 1535
        Lafayette, IN 47902

Bankruptcy Case No.: 10-40912

Chapter 11 Petition Date: September 8, 2010

Court: United States Bankruptcy Court
       Northern District of Indiana (Hammond Division
       at Lafayette)

Judge: Robert E. Grant

Debtor's Counsel: David A. Rosenthal (VM), Esq.
                  410 Main Street
                  Lafayette, IN 47901
                  Tel: (765) 423-5375
                  Fax: (765) 423-2597
                  E-mail: darlaw@nlci.com

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

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

The petition was signed by Dana Smith, president.

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


LEHMAN BROTHERS: $2 Bil. in Claims Switch Hands in August
---------------------------------------------------------
The Clerk of the Bankruptcy Court recorded 190 claims against
Lehman Brothers totaling more than $2.6 billion transferred in
August 2010.  Among the largest claims transferred during the
month were:

Transferors           Transferee              Claim Amount
-----------           ----------              ------------
Citibank              Citigroup Global        $153,080,292
International PLC,    Markets Inc.
Greece Branch

Banco Banif, S.A.     Citigroup Global         168,586,777
                      Markets Inc.

Citigroup Global      Baupost Group            129,998,150
Markets Inc.          Securities, L.L.C.

Barclays Bank PLC     Botticelli, L.L.C.       108,396,387

The Court Clerk also recorded the transfer of Credit Suisse AG's
claim totaling CHF1 million to Deutsche Bank AG, London Branch,
in August 2010.

                        About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

                 International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Govt. Officials Clash Over 'No Rescue' Decision
----------------------------------------------------------------
The Democratic chairman of the Financial Crisis Inquiry
Commission said that government officials made a "conscious
policy decision" not to rescue Lehman Brothers Holdings Inc.,
according to a September 2 report by The Wall Street Journal.

Phil Angelides, chairman of the blue-ribbon panel that
investigates the U.S. financial crisis, said evidence shows that
the officials made "a conscious policy decision not to prevent
the company's bankruptcy.

Mr. Angelides cited emails in which officials under the Bush
administration, including then-Treasury chief of staff Jim
Wilkinson, worried about public reaction to a potential bailout.

Some Republicans on the 10-member commission, however, argued
that the government's decision not to rescue LBHI was driven by
the failure to find a buyer and other factors.  They pointed out
that without a buyer, government agencies lacked the legal
ability to make the huge unsecured loans necessary to save the
bank, WSJ reported.

The commission, which is composed by six Democratic appointees
and four Republicans, has started crafting its report on the
causes of the financial crisis.  Some close observers, however,
have expressed concern that it could be difficult for the members
of the panel to agree about the events of 2008.

Earlier, Richard Fuld, LBHI's former chief executive, testified
that the company was "mandated by government regulators to file
for bankruptcy."  He said the government then was forced to
intervene to protect those other firms and the entire financial
system, WSJ reported.

Speaking to the FCIC, Federal Reserve Chairman Ben Bernanke said
that he had no options to prevent LBHI's collapse although he
knew it would be "catastrophic" to the financial system and
economy.

According to Mr. Bernanke, the Fed had determined that LBHI did
not have enough collateral to support a loan from the central
bank and that it already was losing customers so injecting cash
to the company would have been futile.

Mr. Bernanke admitted that the Fed committed other mistakes
particularly in not using its existing authority earlier to
regulate mortgage and lending practices.

"I think it was the most severe failure of the Fed in this
particular episode," WSJ quoted the Fed official as saying.

Mr. Bernanke also told the FCIC that the central bank "was slow
to identify and address abuses in subprime lending especially
those outside the banking firms that the Fed regulates directly,"
the Journal reported.

                        About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

                 International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Japanese Unit Gets Court Approval to Liquidate
---------------------------------------------------------------
Lehman Brothers Japan Inc. got approval for its debt repayment
plans from a Tokyo district court, according to a September 1
report by Reuters.

The company also secured support from the majority of its
creditors, and is expected to start repaying its debt by late
November this year, the report added.  While the exact proportion
is unknown, the figure is expected to rise from the 16.8% set for
the first reimbursement, the report said.

Lehman Brothers Japan is one of Lehman Brothers Holdings Inc.'s
major subsidiaries to get going with its liquidation.  Other
major Lehman units in the United States, United Kingdom and Hong
Kong still have not drawn up their plans for liquidation as their
operations involve complex cross-border financial transactions,
Reuters reported.

                        About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

                 International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: SIPC Says SIPA Does Not Protect Claims From Fraud
------------------------------------------------------------------
The Securities Investor Protection Corporation said in a
bankruptcy court filing that the SIPA does not protect claims
arising from alleged fraud, misrepresentation or omissions.  Even
assuming all of the claimants' assertions to be true, the claims
for "customer" protection under SIPA fail, Kenneth J. Caputo,
Esq., senior associate general counsel at SIPC, in Washington,
D.C. -- kcaputo@sipc.org -- asserts.  SIPA was not designed to
provide full protection to all victims of a brokerage collapse.
Its purpose was to extend relief to certain classes of customers
In re SEC v. Packer, Wilbur & Co., 498 F.2d 978, 983 (2d Cir.
1974), he argues.

For those reasons, the SIPC asks the Court to uphold James W.
Giddens, trustee for the SIPA liquidation of Lehman Brothers
Inc.'s denial of the Fraud Claims.

The LBI Trustee filed with the Court a revised proposed order
upholding determinations to 13 claims, instead of 15 claims,
(i) based on no relationship with LBI, (ii) for accounts empty as
of the Petition Date, and (iii) for accounts previously
transferred in accordance with the SIPA and Account Transfer
Order.  A schedule of the claims subject to the revised proposed
order is available for free at:

      http://bankrupt.com/misc/Lehman_13NonLBIClaims.pdf

                        About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

                 International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Still Has Discrepancies on Sec 13(f) Securities
----------------------------------------------------------------
In a regulatory filing with the U.S. Securities and Exchange
Commission, Lehman Brothers Holdings Inc. said that the company
and its unit, Lehman Brothers Inc., cannot compile an accurate
accounting of Section 13(f) securities held due to the sale of
their assets since September 15, 2008.

LBHI also blamed the filing of administrative and civil
rehabilitation proceedings by its subsidiaries, comprising parts
of its European and Asian businesses, which resulted in portions
of the securities trading records and systems of the company and
LBI unavailable and non-accessible.

"As a result of the sale and actions taken by certain creditors
with respect to section 13(f) securities that had been pledged by
the [companies] or their affiliates as collateral to those
creditors, the [companies] cannot compile an accurate accounting
of section 13(f) securities held," the SEC filing said.

LBHI said that they are currently reconciling discrepancies in
information they have with respect to those securities.

                        About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

                 International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEWIS BLOOM: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Lewis Bloom
        1 Bay Tree Lane
        Bethesda, MD 20816

Bankruptcy Case No.: 10-30604

Chapter 11 Petition Date: September 7, 2010

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

Judge: Thomas J. Catliota

Debtor's Counsel: Alan S. Kerxton, Esq.
                  25 W. Middle Lane
                  Rockville, MD 20850
                  Tel: (301) 838-3213
                  E-mail: akerxton@steinsperling.com

Estimated Assets: $0 to $50,000

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

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/mdb10-30604.pdf


LINN ENERGY: Standard & Poor's Assigns 'B' Issue-Level Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned an issue-level and a
recovery rating to Linn Energy LLC's proposed $750 million senior
unsecured notes due 2021.  Its subsidiary, Linn Energy Finance
Corp., will also be an issuer.

S&P assigned a 'B' issue-level rating (one notch below the
corporate credit rating).  At the same time, S&P assigned a
recovery rating of '5', indicating its expectation of modest (10%-
30%) recovery in the event of a payment default.

"Our recovery analysis incorporates Linn's plans to use the
proceeds from the proposed notes offering to repay outstanding
balances under its revolving credit facility, as well as terminate
certain interest derivative contracts," said Standard & Poor's
credit analyst Paul Harvey.

Linn Energy is a natural gas and crude oil exploration and
production company based in Houston.  S&P's corporate credit
rating on Linn is 'B+', and the outlook is stable.

Ratings list:

Linn Energy LLC
Corporate Credit Rating            B+/Stable/--

New Rating Assigned

Linn Energy LLC/Linn Energy Finance Corp.*
Senior Unsecured Notes Due 2021    B
   Recovery Rating                  5

*Co-issuers.


LITTLE TRAVERSE: S&P Withdraws D Issuer Credit Rating
-----------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings on
Petoskey, Mich.-based Little Traverse Bay Band of Odawa Indians
(the Tribe).  S&P lowered its issuer credit rating on the Company
to 'D' from 'CC' on Aug. 18, 2009, following a missed interest
payment on the Tribe's $122 million senior notes.


MEADOWLANDS XANADU: Lender Group Retains Jones Lang LaSalle
-----------------------------------------------------------
In an effort to accelerate completion of the Meadowlands Xanadu
entertainment and retail complex, the consortium of lenders that
recently acquired control of the asset, announced last week that
Jones Lang LaSalle has been retained as the exclusive asset and
property management firm for the complex.

In this role, Jones Lang LaSalle will oversee all asset management
services for the complex as the Lender Group continues
negotiations with several new world-class entertainment and retail
operators to expedite completion of the project.  Jones Lang
LaSalle's duties include strategy execution, property management,
development advisory and institutional reporting.

With more than 1.6 billion square feet of property and corporate
real estate under management worldwide, Jones Lang LaSalle has one
of the industry's largest asset and property management service
platforms, including the largest third-party retail management
business in the county. The firm also has a 40-year history of co-
investment and third-party asset management through Spaulding &
Slye Investments, with a strong reputation for providing above-
market risk-adjusted returns in all real estate market cycles.

The Jones Lang LaSalle team leading Xanadu asset management
includes Managing Directors Jere Lucey, Daniel St. Clair and Karen
Raquet.  Jones Lang LaSalle is joined by the local development
team for the project, lead by Joseph Calascibetta, Peter Sjolund
and Kevin Neuner.

"Our extensive experience managing large-scale, multi-faceted
properties with significant retail components will ensure that
this extraordinary mixed-use complex is maintained by our team to
a standard that will continue to attract interest from future
tenants, and be appealing to visitors to the new Meadowlands
Stadium and Izod Arena," stated Lucey of Jones Lang LaSalle. "Our
immediate efforts will be concentrated on day-to-day property
management functions at the facility in order to protect the value
of this property and ensure a smooth ownership transition once a
new operator is chosen to complete the project."

The project is a five-story entertainment and retail complex under
construction in the Meadowlands Sports Complex in East Rutherford,
N.J. Once complete, the project will be the largest entertainment
and retail complex in the nation, including an in-door ski slope,
Ferris wheel, performance theaters and other entertainment venues.

"The New Jersey Sports and Exposition Authority is enthused and
comforted by the appointment of Jones Lang LaSalle -- a company
with a world-class reputation -- to manage this significant
property," stated Sports Authority Chairman Carl Goldberg. "We are
confident that Jones Lang LaSalle's oversight of the asset will
ensure it remains in top condition for the new operator chosen to
bring this project to its envisioned completion."

The complex's opening will generate thousands of jobs and tens of
millions of dollars in sales and payroll taxes for New Jersey, as
well as significant revenue for municipalities in Bergen County
through the PILOT program.

Governor Christie has pledged that any state funds committed to
the project will be in exchange for an economic interest in the
project.

As part of the Lender Group's negotiations with prospective new
operators for the complex, the new operator will be required to
accelerate completion of the project.

Months ago, the complex's previous ownership group and the Lender
Group entered into a forbearance agreement to transfer control of
the project to the Lender Group if marked progress on the
development was not made.

The Lender Group is being advised by leading investment bank
Moelis & Company, as well as Sills Cummis & Gross and Weil Gotshal
& Manges, LLP.

Jones Lang LaSalle -- http://www.joneslanglasalle.com/-- is a
financial and professional services firm specializing in real
estate. The firm offers integrated services delivered by expert
teams worldwide to clients seeking increased value by owning,
occupying or investing in real estate. With 2009 global revenue of
$2.5 billion, Jones Lang LaSalle serves clients in 60 countries
from 750 locations worldwide, including 180 corporate offices. The
firm is an industry leader in property and corporate facility
management services, with a portfolio of approximately 1.6 billion
square feet worldwide. LaSalle Investment Management, the
company's investment management business, is one of the world's
largest and most diverse in real estate with approximately $40
billion of assets under management.

                     About Meadowlands Xanadu

Meadowlands Xanadu is a sports, leisure, shopping and family
entertainment destination development project with 2.2 million
square feet of entertainment and retail space to be built in
northern New Jersey.


MELVIN SLATER: Voluntary Chapter 11 Case Summary
------------------------------------------------
Joint Debtors: Melvin Slater
               Lisa Slater
               16426 Pelican Beach Lane
               Houston, TX 77044

Bankruptcy Case No.: 10-37747

Chapter 11 Petition Date: September 6, 2010

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

Judge: Letitia Z. Paul

Debtors' Counsel: Nelson M. Jones, III, Esq.
                  ATTORNEY AT LAW
                  440 Louisiana, Suite 1575
                  Houston, TX 77002
                  Tel: (713) 236-8736
                  Fax: (713) 236-8990
                  E-mail: njoneslawfirm@aol.com

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

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

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


MICHAEL INGRAM: Case Summary & 16 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Michael Harry Ingram
          dba Vico Mechanical, Inc.
              Ingram Enterprises, Inc.
              Ingram Land Development LLC.
        908 Graham Drive
        Papillion, NE 68046

Bankruptcy Case No.: 10-82634

Chapter 11 Petition Date: September 8, 2010

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

Judge: Timothy J. Mahoney

Debtor's Counsel: Trinh P. Tran, Esq.
                  TRINH TRAN ATTORNEY LAW
                  P.O. Box 390091
                  Omaha, NE 68139-0091
                  Tel: (402) 884-4381
                  E-mail: trinh@trinhtranlaw.com

Estimated Assets: $0 to $50,000

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

A list of the Debtor's 16 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/neb10-82634.pdf


MICHAEL REIBLE: Case Summary & 7 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Michael A. Reible
        315 Chestertown Street
        Gaithersburg, MD 20878

Bankruptcy Case No.: 10-30688

Chapter 11 Petition Date: September 8, 2010

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

Judge: Wendelin I. Lipp

Debtor's Counsel: Laura J. Margulies, Esq.
                  LAURA MARGULIES & ASSOCIATES, LLC
                  6205 Executive Boulevard
                  Rockville, MD 20852
                  Tel: (301) 816-1600
                  Fax: (301) 816-1611
                  E-mail: law.margulies@gmail.com

Scheduled Assets: $3,069,977

Scheduled Debts: $3,990,779

A list of the Debtor's seven largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/mdb10-30688.pdf


MORGANS HOTEL: Lenders Extend Forbearance Until Oct. 12
-------------------------------------------------------
Morgans Hotel Group Co. (Nasdaq: MHGC) on Friday said the
forbearance agreements with the lenders which hold the mortgage
loans secured by its Hudson and Mondrian Los Angeles hotels have
been extended until October 12, 2010.

MHGC previously entered into forbearance agreements which
effectively extended the maturities of the loans for 60 days until
September 12, 2010.  This recent extension will allow MHG and the
lenders to complete appropriate amendments to further extend the
loans.

The loans are comprised of a $217.0 million first mortgage secured
by the Hudson and a $120.5 million first mortgage loan secured by
the Mondrian Los Angeles. The first mortgage loans were scheduled
to mature on July 12, 2010 with options to extend the maturities
to October 2011 provided that certain conditions were met.

                     About Morgans Hotel Group

Based in New York, Morgans Hotel Group Co. (Nasdaq: MHGC) --
http://www.morganshotelgroup.com/-- is widely credited as the
creator of the first "boutique" hotel and a continuing leader of
the hotel industry's boutique sector.  Morgans Hotel Group
operates and owns, or has an ownership interest in, Morgans,
Royalton and Hudson in New York, Delano and Shore Club in South
Beach, Mondrian in Los Angeles and South Beach, Clift in San
Francisco, Ames in Boston, and Sanderson and St Martins Lane in
London.  Morgans Hotel Group and an equity partner also own the
Hard Rock Hotel & Casino in Las Vegas and related assets. Morgans
Hotel Group also manages hotels in Isla Verde, Puerto Rico and
Playa del Carmen, Mexico.  Morgans Hotel Group has other property
transactions in various stages of completion, including projects
in SoHo, New York and Palm Springs, California.

Morgans Hotel reported total assets of $774.4 million, total
liabilities of $778.6 million and non-controlling interest of
$12.7 million, and total deficit of $4.2 million as of June 30,
2010.


MOVIE GALLERY: Plan Confirmation Hearing Set for October 28
-----------------------------------------------------------
The United States Bankruptcy Court for the Eastern District of
Virginia approved on September 8, 2010, an amended version of the
Disclosure Statement explaining the Debtors' Joint Chapter 11
Plan of Liquidation dated July 13, 2010.

All objections to the Disclosure Statement were resolved and the
Court set October 28, 2010, as the hearing date to consider
confirmation of the Plan, according to the court docket.

As previously reported, taxing authorities -- Pima County,
Arizona, and the County of Henrico, Virginia -- holding priority
tax claims, filed responses to the adequacy of the Disclosure
Statement.  An objection was also filed by two other California
Taxing Authorities: the County of Riverside and County of San
Bernardino.

The Taxing authorities were concerned that it was not discernible
from the Disclosure Statement how their claims will be paid with
interest.  The Taxing Authorities asserted that treatment of
their claims must be disclosed in the Disclosure Statement.
The California Taxing Authorities, in particular, pointed out
that the Disclosure Statement fails to set details of a payment
schedule, interest rate or amounts for payment of taxes.

               Amended Disclosure Statement

Prior to the Disclosure Statement Hearing, the Debtors submitted
an Amended Disclosure Statement to address the Objections filed
by the taxing authorities.

Moreover, the Amended Disclosure Statement includes additional
disclosures concerning, among other things:

  * the notice of intention filed by Movie Gallery Canada, Inc.
    in the District of Ontario, Toronto Division, to commence
    voluntary insolvency proceedings in Canada.

  * the Debtors' engagement of Streambank LLC to provide them
    with intellectual property disposition services.

  * the termination of the Debtors' Self-Funded Health Care
    Plan.

  * Updated Estimated Recoveries for certain classes of Claims.

The Amended Disclosure Statement states that the Plan has the
support of the Official Committee of Unsecured Creditors.

The Amended Disclosure Statement further notes that the Debtors
do not believe it is necessary to estimate the projected recovery
for Class 4 Prepetition First Lien Term Loan Secured Claims and
Class 5 General Unsecured Claims in view of the liquidating
nature of the Plan and the costs involved in obtaining an
estimation.

The Debtors expect that there will be few Class 1 Non-Tax
Priority Claims and Class 2 Miscellaneous Secured Claims allowed.

With respect Tax Claims, the Plan provides that except to the
extent that an Allowed Priority Tax Claim has been paid prior to
the Distribution Date, a Holder of an Allowed Priority Tax Claim
will be entitled to receive, from the First Lien Term Lenders
Liquidating Trust, in full and final satisfaction, settlement and
release of and in exchange for the Allowed Priority Tax Claim:

  -- regular installment Cash payments, occurring not less
     frequently than quarterly over a period not exceeding five
     years after the Commencement Date, in an aggregate
     principal amount equal to the unpaid portion of the Allowed
     Priority Tax Claim, plus interest on the unpaid portion
     of the Claim at the Case Interest Rate from the Effective
     Date through the date of payment; or

  -- another treatment which the Holder and the First Lien Term
     Lenders Liquidating Trustee will have agreed upon in
     writing; provided, however, that the First Lien Term
     Lenders Liquidating Trustee will have the right to pay any
     Allowed Priority Tax Claim, or any remaining balance of any
     Allowed Priority Tax Claim, in full at any time on or after
     the Effective Date without premium or penalty.

Priority Tax Claimholders will be paid in full on account of
their Allowed Priority Tax Claims and are not entitled to vote on
the Plan.  However, the payment of Priority Tax Claims are
subject, if prior to the effective date of the Plan, to the
Prepetition First Lien Term Lender Administrative Agent's rights
to object, and if after the Effective Date, the First Lien Term
Lenders Liquidating Trustee's rights to object.

The Amended Disclosure Statement discloses that as of the
Petition Date, the Debtors were indebted to the Prepetition First
Lien Term Secured Parties in respect of all outstanding
obligations under the Pre-petition First Lien Term Credit
Documents for (a) an amount aggregating $407,963,869 and (b) any
and all fees, expense reimbursements, outstanding and unpaid
indemnification obligations arising under, and to the extent
provided in, the Prepetition First Lien Term Credit Documents or
the Cash Collateral Order, or other amounts owed by the Debtors
under the Prepetition First Lien Term Credit Facility or the Cash
Collateral Order as of the Effective Date, all of which will be
Allowed Class 4 Claims.

The Original Disclosure Statement disclosed that the Debtors owed
the Prepetition First Lien Term Credit Documents for a principal
amount aggregating not less than $394,369,000 consisting of
(a) term loans aggregating $370,869,000, (b) reimbursement
obligations in respect of synthetic letters of credit of
approximately $20,729,000 and (c) all interest, fees and charges
accrued and accruing thereon and chargeable with respect thereto,
and to the extent provided for in the Prepetition First Lien Term
Credit Documents, all costs and expenses of the Prepetition First
Lien Parties.

In addition, the Amended Disclosure Statement notes that the
aggregate amount of unpaid Allowed Priority Claims, Allowed
Administrative Claims, and Allowed Miscellaneous Secured Claims
will not reasonably be expected to exceed $5.5 million in the
aggregate.

                         The Trusts

According to the Amended Disclosure Statement, the GUC
Liquidating Trust will be funded with $5 million of cash on the
Effective Date.  The First Lien Term Lenders Liquidating Trust
will receive all other assets, consisting primarily -- but not
necessarily exclusively -- of causes of action, refund rights,
cash, certain inventory located in the Debtors' sole remaining
distribution center, miscellaneous real estate, intellectual
property and all of the Debtors right, title, and interests in
Movie Gallery Canada, Inc.  To the extent provided in the Plan,
the first lien secured creditors are not asserting any deficiency
claim against the GUC Liquidating Trust on account of their first
lien secured claims.

                   Liquidation Analysis

The Amended Disclosure Statement includes a liquidation analysis
demonstrating that in a Chapter 7 liquidation, holders of certain
Allowed Claims against the Debtors would receive less in recovery
as compared to the recovery projected under the Plan.

The analysis has been prepared by the Debtors' management based
on the Debtors' best estimates and knowledge of events as of
September 7, 2010.

The Liquidation Analysis reflects that General Unsecured
Creditors would receive nothing on account of their Claims in a
liquidation under Chapter 7 versus the recovery projected for
those Claims under the Plan.

A full-text copy of the Liquidation Analysis is available for
free at http://bankrupt.com/misc/MGLiqAnlysis9-10.pdf

Full-text copies of the:

  * Amended Disclosure Statement is available for free at:
    http://bankrupt.com/misc/MG_AmDS-9-9.pdf

  * a missing signature page of the Amended Disclosure Statement
    is available for free at:
    http://bankrupt.com/misc/MG_DSSigPageDS.pdf


                       About Movie Gallery

Based in Wilsonville, Ore., Movie Gallery, Inc., is the second
largest North American video and game rental company, operating
stores in the U.S. and Canada under the Movie Gallery, Hollywood
Video and Game Crazy brands.

Movie Gallery first filed for Chapter 11 on Oct. 16, 2007 (Bankr.
E.D. Va. Case Nos. 07-33849 to 07-33853).  Kirkland & Ellis LLP
and Kutak Rock LLP represented the Debtors.  The Company emerged
from bankruptcy on May 20, 2008, with private-investment firms
Sopris Capital Advisors LLC and Aspen Advisors LLC as its
principal owners.  William Kaye was appointed plan administrator
and litigation trustee.

Movie Gallery returned to Chapter 11 protection on February 3,
2009 (Bankr. E.D. Va. Case No. 10-30696).  Attorneys at
Sonnenschein Nath & Rosenthal LLP and Kutak Rock LLP represent the
Debtors in their second restructuring effort.  Kurtzman Carson
Consultants serves as claims and notice agent.

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


MOVIE GALLERY: Proposes Key Employee Incentive Plan
---------------------------------------------------
The commencement of Movie Gallery's Chapter 11 cases and the
subsequent liquidation of the Debtors' assets have resulted in
the termination of substantially all of their employees.  As a
result, the remaining employees had to take on additional duties
to maintain the smoothness of the wind-down process of the
Debtors' business.

At the same time, all of the Debtors' remaining employees are
well aware that the Debtors are rapidly wrapping up their
liquidation, and thus, that their positions will soon be
eliminated, Michael A. Condyles, Esq., at Kutak Rock LLP, in
Richmond, Virginia, tells the Court.

In order to complete the wind-down of the Debtors' business in a
manner that is both efficient and consistent with the Chapter 11
Plan of Liquidation, the Debtors have concluded that it is
necessary and appropriate to establish a bonus plan to
incentivize certain of their remaining employees whose ongoing
efforts will be critical to the successful and timely completion
of the liquidation process.

Mr. Condyles relates that the Debtors have evaluated their
existing compensation structure and historical bonus plans to
create a fair incentive-based bonus plan for Key Employees that
aligns the Key Employees' interests with those of the Debtors'
stakeholders in optimizing recoveries from the liquidation of the
Debtors' assets.

The KEIP has two components, the Employee Incentive Plan and the
Executive Incentive Plan.

A. The Employee Incentive Plan

The Employee Incentive Plan applies to 31 of the Debtors'
employees in various departments whose continued focus is
critical to the successful and timely conclusion of the Debtors'
liquidation.

Mr. Condyles discloses that each of the employees is already
being -- and will continue to be -- asked to perform a wider
range of duties and functions than they performed previously,
both as a result of the reductions in the workforce, and as a
result of additional tasks necessary to confirm and implement the
Plan.  He notes that given the expedited timeline set forth in
the Term Sheet, the employees are required to complete those
tasks under very compressed deadlines.

"In effect, each of these employees is being asked to do more,
with less, and to do it quickly," he says.

Under the Employee Incentive Plan, Bonus payments represent
either two, three or six months of the employee's current salary,
depending on the function the particular employee will serve with
the Debtors.  Of the 31 employees covered by the Employee
Incentive Plan, 28 would receive a two-month bonus, one would
receive a three-month bonus, and two would receive a six-month
bonus:

  a. Two Month Bonus:  The KEIP provides that 28 accounting,
     finance, information technology, real estate, legal and
     human resources personnel who, in addition to their regular
     duties, assist with additional tasks including accounts
     payable reconciliation, inventory proceeds reconciliation,
     reconciliation of accounts, consolidation of cash
     management, employee benefits termination and wind-down,
     completion of tax returns and preparing objections to
     claims filed by taxing authorities, the conversion of the
     Debtors' information technology systems into a simplified
     database, the reconciliation of revenue sharing claims, the
     handling of certain real estate and other legal matters or
     the retention, organization and destruction of records, and
     who remain employed by the Debtors through at least
     September 30, 2010, subject to the conditions of the KEIP,
     will receive a bonus payment equal to, as to each
     individual, two months of the individual's base salary.

  b. Three Month Bonus:  The KEIP also provides that one
     employee in the information technology department who, in
     addition to their regular duties, assists with the
     conversion of the Debtors' information technology systems
     into a simplified database, and who remains employed by the
     Debtors through a date certain to be agreed with the
     employee will receive, subject to the conditions of the
     KEIP, a bonus payment equal to three months of the
     individual's base salary.

  c. Six Month Bonus:  The KEIP provides that two employees who,
     in addition to their regular duties, will also be
     responsible for keeping the Debtors' books and records, and
     preparing budgets and forecasts for the Debtors on a going
     forward basis, will receive, subject to the conditions of
     the KEIP, a bonus payment equal to, as to each individual,
     six months of the individual's base salary.

The cost of the Employee Incentive Plan will not exceed $484,983
and is broken down across these departments:

                              No. of              Total KEIP
  Department                  Participants        Payments
  ----------                  ------------        ----------
  Information Systems              10               $125,151
  Finance                          11                229,797
  Tax                               3                 44,667
  Merchandising                     1                 15,613
  Legal                             1                 16,667
  Real Estate                       1                 16,667
  Human Resources                   3                 29,171
  Utilities                         1                  7,250
                              ------------        ----------
  Total                            31               $484,983

B. The Executive Incentive Plan

The Executive Incentive Plan applies to five of the Debtors' most
senior executives, whose management services are crucial to the
winding up of the Debtors' affairs, and who will have the
potential to earn incentive bonuses dependent upon the ultimate
amounts of liquidation proceeds distributed to the holders of
Prepetition First Lien Term Loan Secured Claims after the
Effective Date of the Plan.

Payment of bonus payments under the Executive Incentive Plan will
be conditioned upon the employee's satisfactory completion of
defined tasks set out for each, and will not be made in the event
that the employee's employment is terminated for a violation of
the Debtors' employment policies.

The five key executives who will participate in the Executive
Incentive Plan are:

  -- Wes Sand (President),
  -- Donato Capobianco (General Counsel),
  -- Jeff Klemp (SVP Supply Chain Management),
  -- Thomas  McKivor (SVP Information  Technology), and
  -- Ben Riggsby (SVP Merchandising).

The Key Executives will share in a bonus pool calculated as a
percentage of the funds in excess of $50 million that are
ultimately distributed to the holders of Prepetition First Lien
Term Loan Secured Claims.

Mr. Condyles explains that the bonus pool established under the
Executive Incentive Plan will be funded with five-percent of all
amounts in excess of $50 million, up to $57.5 million, that are
distributed to the holders of Prepetition First Lien Term Loan
Secured Claims under the Plan.

Thereafter, the bonus pool will be funded with 15% of all amounts
in excess of $57.5 million, up to $62 million, and 20% of all
amounts in excess of $62 million that are distributed to the
holders of Prepetition First Lien Term Loan Secured Claims under
the Plan.

Each of the Key Executives will share pro rata in the bonus pool,
and will receive payments at times as distributions are made to
the holders of Prepetition First Lien Term Loan Secured Claims.

Payments to each of the five individual participants in the
Executive Incentive Plan will be capped at 2.5 times their
current base salaries, and any amounts in excess of the cap that
would otherwise have been payable under the Executive Incentive
Plan will instead remain available for distribution to
beneficiaries of the First Lien Term Lenders Liquidating Trust.

Based upon that cap, the maximum aggregate amount payable under
the Executive Incentive Plan is $2.86 million.

In order to be eligible to receive their pro rata portions of the
bonus pool, each of the participants must meet certain individual
performance objectives established for each of them by the chief
restructuring officers.

In addition, it is a condition to the payment of any bonuses
under the Executive Incentive Plan that the Revolver Pre-
Effective Date Secured Claims and the Creditor Funds, as well as
any other claims payable on the Effective Date, have been paid in
full in cash, and that any asserted Revolver Post-Effective Date
Secured Claims have either been paid in full in cash, or an
appropriate reserve on account of the claims has been established
and fully funded.

In connection with their receipt of any bonus payment under the
Executive Incentive Plan, each employee will also be required to
provide a full and complete release of the Debtors, the First
Lien Term Lenders Liquidating Trust, the Trustee of the First
Lien Term Lenders Liquidating Trust, the Prepetition Secured
Parties and their directors, officers, employees, agents,
principals, subsidiaries, affiliates, attorneys and advisors.

Mr. Condyles, however, points out that there is no guarantee that
any bonuses will be paid out under the Executive Incentive Plan.
He further notes that bonuses will only be paid out under that
plan to the extent that proceeds are actually distributed to the
holders of Prepetition First Lien Term Loan Secured Claims
exceeding $50 million.

Against this backdrop, the Debtors ask the Court to approve the
KEIP.

                       About Movie Gallery

Based in Wilsonville, Ore., Movie Gallery, Inc., is the second
largest North American video and game rental company, operating
stores in the U.S. and Canada under the Movie Gallery, Hollywood
Video and Game Crazy brands.

Movie Gallery first filed for Chapter 11 on Oct. 16, 2007 (Bankr.
E.D. Va. Case Nos. 07-33849 to 07-33853).  Kirkland & Ellis LLP
and Kutak Rock LLP represented the Debtors.  The Company emerged
from bankruptcy on May 20, 2008, with private-investment firms
Sopris Capital Advisors LLC and Aspen Advisors LLC as its
principal owners.  William Kaye was appointed plan administrator
and litigation trustee.

Movie Gallery returned to Chapter 11 protection on February 3,
2009 (Bankr. E.D. Va. Case No. 10-30696).  Attorneys at
Sonnenschein Nath & Rosenthal LLP and Kutak Rock LLP represent the
Debtors in their second restructuring effort.  Kurtzman Carson
Consultants serves as claims and notice agent.

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


NAVIGO VACATION: Case Summary & 2 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Navigo Vacation Club, Inc.
        8680 Commodity Circle
        Orlando, FL 32819

Bankruptcy Case No.: 10-16183

Chapter 11 Petition Date: September 10, 2010

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

Judge: Karen S. Jennemann

Debtor's Counsel: Elizabeth A. Green, Esq.
                  BAKER & HOSTETLER LLP
                  200 S. Orange Avenue
                  Suntrust Center, Suite 2300
                  Orlando, FL 32801
                  Tel: (407) 649-4000
                  Fax: (407) 841-0168
                  E-mail: egreen@bakerlaw.com

Estimated Assets: $0 to $50,000

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

The petition was signed by Deborah L. Linden, CEO.

Debtor's List of Two Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Interval International Inc         Trade Debt             $152,224
6262 Sunset Drive
Miami, FL 33143-0960

Abbott Printing                    Trade Debt                 $319
110 Atlantic Drive, Suite 110
Maitland, FL 32751


NEDAK ETHANOL: Faces Suit Over Bank Loan Default
------------------------------------------------
NEDAK Ethanol, LLC, on June 19, 2007, issued a $8,864,000
promissory note to Arbor Bank, with a maturity date of December 1,
2021.  Under the Note, the Company is required to make certain
periodic payments to the Bank and maintain a debt service reserve
fund.  The Company is aware that on August 12, 2010, the Bank
filed a lawsuit against the Company, but the Bank has not yet
served such suit.  The lawsuit alleges that the Company failed to
make certain payments due under the Note and failed to maintain
the required debt service reserve fund.  In addition, the lawsuit
states that the Bank has accelerated the maturity of the Note.
The Bank's lawsuit provides that as of August 9, 2010, the amount
due and owing under the Note was $7,039,125.59, and in such
lawsuit the Bank is seeking payment of such amount, plus such
additional amounts as become due and owing under the Note, with
interest accruing after August 9, 2010 at the rate of 9.5% until
the judgment is paid.

Prior to the Note default, and as previously reported, the Company
was in default under the following agreements with AgCountry Farm
Credit Services, FLCA regarding its senior secured credit
facility: a Master Credit Agreement dated February 14, 2007, as
last amended in the Sixth Supplement and Forbearance Agreement to
the Master Credit Agreement dated July 30, 2010.  Under the Sixth
Supplement, the Lender agreed to forbear from exercising its
enforcement rights under the Loan Documents until the earlier to
occur of October 1, 2010 and an "event of default" under the Sixth
Supplement.  The event of default under the Note constitutes an
"event of default" under the Sixth Supplement.  As a result, (i)
the principal amount outstanding under the Loan Agreements and any
then-accrued but unpaid interest and then-accrued but unpaid fees
and costs is accelerated and is immediately due and payable, in
addition to other remedies set forth in the Loan Documents, (ii)
the Lender may terminate the Sixth Supplement, (iii) the Lender
may protect, exercise and enforce any and all rights and remedies
provided in the Loan Agreements, and (iv) the Lender may set off
any financial obligations against all deposits, credits or rights
to payment of the Company with any credits, right to payment or
other claims of the Company against the Lender.  The Lender has
not exercised any of its rights and the Company is in discussions
with the Lender to address the default under the Note and
corresponding event of default under the Sixth Supplement.

The Company operates a 44 million gallon per year ethanol plant in
Atkinson, Nebraska, and produces and sells fuel ethanol and
distillers grains, a co-product of the ethanol production process.
Sales of ethanol and distillers grains began in January 2009.


OAKBROOK STATION: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Oakbrook Station, LLC
        4793 Braid Lane
        Mason, OH 45040

Bankruptcy Case No.: 10-22445

Chapter 11 Petition Date: September 8, 2010

Court: United States Bankruptcy Court
       Eastern District of Kentucky (Covington)

Judge: Tracey N. Wise

Debtor's Counsel: Michael B. Baker, Esq.
                  6900 Houston Road
                  Building 600, Suite 16
                  Florence, KY 41042
                  Tel: (859) 647-7777
                  Fax: (859) 647-7799
                  E-mail: mbaker@bakerlawky.com

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

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

A list of the Company's five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/kyeb10-22445.pdf

The petition was signed by Michael Ziegler, Sole Member, The
Ziegler Group, LLC

Debtor-affiliates that filed separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Michael Patrick Ziegler, Sr.          09-36943            11/02/09
and Mary Jo Ziegler


OCONEE HOME: Case Summary & 2 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Oconee Home Builders, LLC
        5904 Peachtree Corners East
        Norcross, GA 30071

Bankruptcy Case No.: 10-86433

Chapter 11 Petition Date: September 6, 2010

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

Judge: Margaret Murphy

Debtor's Counsel: Richard E. Thomasson, Esq.
                  THOMASSON LAW FIRM, LLC
                  Suite 100, 362 Cotton Avenue
                  Macon, GA 31201
                  Tel: (478) 743-7453
                  E-mail: ret@thomassonlawfirm.com

Scheduled Assets: $1,210,000

Scheduled Debts: $1,419,621

A list of the Company's two largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-86433.pdf

The petition was signed by Mike Safari, managing partner.


OXIGENE INC: Earns $2.5 Million in June 30 Quarter
--------------------------------------------------
OXiGENE, Inc., filed its quarterly report on Form 10-Q, reporting
net income of $2.5 million for the three months ended June 30,
2010, compared with a net loss of $8.0 million of revenue for the
same period of 2009.  The Company reported no licensing revenue
for the three months ended June 30, 2010, and 2009.

The Company recorded an unrealized (non cash) gain of $7.5 million
in the three months ended June 30, 2010, as a result of the change
in fair value of its common stock warrants issued in connection
with its equity offerings, compared to $249,000 for the same
period last year.

The Company anticipates that its existing cash, cash equivalents
and restricted cash of $7.3 million would enable it to maintain
its currently planned operations through the third quarter of
2010, assuming that it continues to achieve the planned cost
reductions from its February 2010 restructuring.

The Company's balance sheet as of June 30, 2010, showed
$8.7 million in total assets, $11.7 million in total liabilities,
and a stockholders' deficit of $3.0 million.

As reported in the Troubled Company Reporter on March 22, 2010,
Ernst & Young LLP, in Boston, 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 incurred recurring operating losses and will be required to
raise additional capital, alternative means of financial support,
or both, prior to January 1, 2011, in order to sustain operations.

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

               http://researcharchives.com/t/s?6b19

                       About OxiGENE, Inc.

South San Francisco, Calif.-based OXiGENE, Inc. (NASDAQ: OXGN)
-- http://www.oxigene.com/-- is a clinical-stage,
biopharmaceutical company developing novel therapeutics to treat
cancer and eye diseases.


PILLAR OF GLORY: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Pillar of Glory Christian Tabernacle
        14341 Lee Road
        Houston, TX 77032-4703

Bankruptcy Case No.: 10-37746

Chapter 11 Petition Date: September 6, 2010

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

Judge: Karen K. Brown

Debtor's Counsel: Nelson M. Jones, III, Esq.
                  ATTORNEY AT LAW
                  440 Louisiana, Suite 1575
                  Houston, TX 77002
                  Tel: (713) 236-8736
                  Fax: (713) 236-8990
                  E-mail: njoneslawfirm@aol.com

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

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

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

The petition was signed by Bishop Amos York, Sr., president.


PREFERRED VOICE: Sells Ringback Business to ClearSky
----------------------------------------------------
Preferred Voice Inc. entered into an Asset Purchase Agreement with
ClearSky Mobile Media Inc. and ClearSky RBT LLC.  Pursuant to the
Purchase Agreement, the Company sold all of the rights and assets
utilized by the Company in its ringback tone and content delivery
products business to CMM and CRBT.  CRBT is a wholly owned
subsidiary of CMM.  The Purchase Agreement was signed on Sept. 9,
2010, and the sale of the Assets closed on the same date.  The
Purchase Agreement will be effective for accounting purposes as
of Sept. 1, 2010.

Under the Purchase Agreement, the Company transferred:

   i) to CMM, all of the Company's business contracts executed in
      connection with the Business, intellectual property rights
      relating to the Business, key employee services, furniture
      and equipment, website content and telephone numbers, and

  ii) to CRBT, all software, hardware and software development
      rights used in connection with the Business.

The Purchaser paid the Company $225,000 in cash at the closing as
consideration for the Assets.  In addition, the Purchaser assumed
the Company's performance obligations under the business contracts
included in the Assets.  The Assets constitute substantially all
of the assets of the Company.

                       About Preferred Voice

Preferred Voice, Inc., provides enhanced services to the
telecommunications industry throughout the United States and
maintains its principal offices in Dallas, Texas.

As of June 30, 2010, the Company reported $1.44 million in total
assets and $1.19 million in total liabilities, all current, and a
stockholders' equity of $250,034.

The Company's independent auditor has expressed substantial doubt
about the Company's ability to continue as a going concern,
following the Company's fiscal 2010 results.  The auditor noted
that the Company has suffered significant operating losses in past
years.


PROFESSIONAL LEARNING: Case Summary & 17 Largest Unsec Creditors
----------------------------------------------------------------
Debtor: Professional Learning Center of Jupiter
        c/o Lionel Astor
        22354 SW 57th Avenue
        Boca Raton, FL 33428

Bankruptcy Case No.: 10-36798

Chapter 11 Petition Date: September 7, 2010

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

Judge: Paul G. Hyman Jr

Debtor's Counsel: Harry J. Ross, Esq
                  LAW OFFICE OF HARRY J. ROSS
                  6100 Glades Road, Suite 211
                  Boca Raton, Florida 33434
                  Tel: (561) 482-2400
                  Fax: (561) 482-2602
                  E-mail: hross@hjrlaw.com

Scheduled Assets: $2,900,000

Scheduled Debts: $2,921,099

A list of the Company's 17 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-36798.pdf

The petition was signed by Lionel Astor, manager.


PROQUEST LLC: S&P Downgrades Corporate Credit Rating to 'B'
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Ann Arbor, Mich.-based ProQuest LLC to 'B' from 'B+'.
The rating outlook is stable.

S&P assigned ProQuest's proposed $250 million senior unsecured
notes maturing 2018 its issue-level rating of 'B' (at the same
level as the 'B' corporate credit rating).  The recovery rating on
this debt is '4', indicating its expectation of average (30% to
50%) recovery for lenders in the event of a payment default.  The
Company plans to use proceeds from the proposed issuance to
refinance a portion of its first-lien term debt, pay off its
second-lien term debt, fund a special dividend to owners, and for
general corporate purposes, including acquisitions.

At the same time, S&P revised its recovery rating on the Company's
first-lien secured debt to '1', indicating its expectation of very
high (90% to 100%) recovery for lenders in the event of a payment
default, from '2'.  The issue-level rating remains at 'BB-', two
notches higher than the 'B' corporate credit rating in accordance
with S&P's notching criteria for a '1' recovery rating.  The
revision of the recovery rating reflects the decrease of first-
lien debt in the company's capital structure due to the planned
refinancing.

SW&P will withdraw its ratings on the company's second-lien
secured debt once the refinancing transaction is completed.

"The 'B' corporate credit rating reflects ProQuest's higher debt
leverage following the proposed unsecured debt issuance," said
Standard & Poor's credit analyst Andy Liu.

Pro forma lease-adjusted debt leverage will increase to 5.7x from
4.0x for the 12 months ended June 30, 2010.  Operating performance
has been fairly stable despite the recession.  S&P believes that
higher debt leverage will decrease ProQuest's flexibility to deal
with possible further compression of academic library budgets.

ProQuest is a content provider to over 12,000 academic,
government, corporate, and public libraries.  Academic libraries
account for the largest proportion of revenues.  The Company
converts proprietary information from publishers into
electronically accessible databases.  ProQuest's end markets are
relatively mature.  Revenue growth opportunities will likely come
from a combination of annual price increases, new sales to
libraries overseas (which have begun to emphasize research
resources), and incremental sales to existing clients.  S&P
expects demand from academic libraries, which generate the
majority of the company's revenues, to be relatively stable.
However, as state government budgets continue under pressure and
university endowment returns remain weak, it is possible that
libraries and state universities will reduce their spending with
electronic content providers as ProQuest.  S&P views the
company's business risk profile as "weak" because of its fairly
mature growth prospects and a highly competitive market that
includes better-capitalized peers.

With the refinancing transaction, Dialog will become a unit of
ProQuest.  Similar to ProQuest, Dialog provides electronic content
but mainly to users in business, professional, and government
organizations.  Its customers include top pharmaceutical and
technology companies. Dialog is still in turnaround mode and could
consume additional management time and resources.

S&P views ProQuest's financial risk profile as "aggressive."  For
the 12 months ended June 30, 2010, pro forma lease-adjusted EBITDA
coverage of interest and pro forma lease-adjusted total debt to
EBITDA were 2.7x and 5.7x, respectively.  S&P expects that debt
leverage will rise very slightly in 2010.  S&P expects that both
interest coverage and debt leverage will begin to improve in
2011 as a portion of cash flow is applied to debt repayment and
EBITDA expands modestly.  ProQuest generates healthy discretionary
cash flow.  The Company converted about 31% of EBITDA into
discretionary cash flow for the 12 months ended June 30, 2010.
Conversion will likely decrease with a higher interest burden, but
S&P expects that discretionary cash flow will remain positive.


QUEENS PLAZA: Files for Bankruptcy Protection in New York
---------------------------------------------------------
Queens Plaza Development LLC, the owner of property in Garden
City, New York, sought bankruptcy protection from creditors on
September 8 (Bankr. E.D.N.Y. Case No. 10-77035).

The Company estimated assets and debt of $10 million to
$50 million each in its Chapter 11 petition.

Thomas A. Draghi, Esq., at Westerman Ball Ederer Miller &
Sharfstein, LLP, in Uniondale, New York, serves as counsel to the
Debtor.


QUEENS PLAZA: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Queens Plaza Development, LLC
        c/o REI LLC
        100 Quentin Roosevelt Boulevard, Suite 303
        Garden City, NY 11530

Bankruptcy Case No.: 10-77035

Chapter 11 Petition Date: September 8, 2010

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

Judge: Robert E. Grossman

Debtor's Counsel: Thomas A. Draghi, Esq.
                  WESTERMAN BALL EDERER MILLER & SHARFSTEIN, LLP
                  1201 RXR Plaza
                  Uniondale, NY 11556
                  Tel: (516) 622-9200
                  Fax: (516) 622-9212
                  E-mail: tdraghi@westermanllp.com

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

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

The petition was signed by Yoram Shemesh, authorized signatory.

Debtor's List of 15 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
U.S. Bank National                               $15,066,181
Association
800 Nicollet Mall, 22 Fl.
Attn.: Mr. Gregg Gehrke
Minneapolis, MN 55402

Centra/CRI                                       $349,038
Architecture LLC
584 Broadway
New York, NY 10007

Herrick, Feinstein LLP                           $200,000
2 Park Avenue
New York, NY 10016

MG Engineering P.C.                              $124,186

WSP Cantor Seinuk                                $50,000
Structural Engineers

HDLC Architectural                               $30,000
Lighting Design

Metropolis Group, Inc                            $16,200

Rockledge Scaffold Corp.                         $15,883

FNA Associates, Inc.                             $15,000

Jenkins and Huntington Inc.                      $15,000

Houghton Associates LLC                          $10,000

CSC-Corporation Service                          $5,000
Company

Environmental Control                            $5,000
Board

Mirage Contracting Corp.                         $5,000

Clevenger Frable &                               $4,500
Lavvale


REKO INTERNATIONAL: Receives Notice of Delisting Review by TSX
--------------------------------------------------------------
Reko International Group Inc. (CA:REK 0.53, 0.00, 0.00%)  today
announced that it has received a letter advising it that the
Toronto Stock Exchange ('TSX') has commenced a review of the
eligibility for continued listing on the TSX of the securities of
the Company pursuant to the continued listing criteria of the TSX.
The Company currently does not meet the requirement that the
market value of Reko's freely-tradable, publicly held securities
is more than $2,000,000. The Company has been granted 120 days to
comply with the continued listing requirements of the TSX. If the
Company cannot demonstrate that it meets these listing
requirements following such period, Reko's securities will be
delisted from the TSX 30 days from such date.

In the event that Reko cannot meet the requirements within 120
days, Reko will consider and pursue various strategic options
available to it.

Founded in 1976, Reko International Group (CA:REK 0.53, 0.00,
0.00%)  is a highly integrated, technology driven engineering and
manufacturing firm providing engineered solutions for the plastics
segment of the automotive, aerospace and consumer product markets.
In its eight production facilities in Ontario, Reko designs and
manufactures precision moulds and other related industrial
tooling, in addition to its own proprietary line of CNC machining
centres.


RIVIERA MARINE: Files for Chapter 15 Protection in U.S.
-------------------------------------------------------
Riviera Marine (Int.) Pty Ltd., part of a group of Australian
companies that manufacture and sell luxury boats, sought
bankruptcy protection in the U.S. (Bankr. M.D. Fla. Case No.
10-21722)

According to Bloomberg, Queensland-based Riviera cited a drop in
demand starting in January 2008.  Riviera Marine said it sold
52 boats with sales totaling $54 million for fiscal year ending
June 30, down from 139 boats with sales totaling $131 million in
2009 and 327 boats with sales totaling $265 million in 2008.

The Company estimated assets and debt of as much as $50 million
each in the Chapter 15 petition.  Four affiliates also sought
protection.

Chapter 15 protects foreign companies from U.S. lawsuits and
creditor claims while a company reorganizes abroad.

According to Bloomberg, the U.S. filing followed a voluntary
administration in Australia.


ROBERT BROWN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Robert Edward Brown
               Lydia Romano Brown
               3230 Brantley Oaks Drive
               Fort Myers, FL 33905

Bankruptcy Case No.: 10-21693

Chapter 11 Petition Date: September 8, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Judge: David H. Adams

Debtor's Counsel: Richard J. Hollander, Esq.
                  MILLER & HOLLANDER
                  2430 Shadowlawn Drive, Suite 18
                  Naples, FL 34112
                  Tel: (239) 775-2000
                  Fax: (239) 775-7953
                  E-mail: millerandhollander@comcast.net

Scheduled Assets: $1,707,979

Scheduled Debts: $2,460,277

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-21693.pdf


SCIENTIFIC GAMES: S&P Affirms 'BB' Corporate Credit Rating
----------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
New York City-based Scientific Games Corp. to negative from
stable.  S&P affirmed its existing ratings on the company,
including the 'BB' corporate credit rating.

At the same time, S&P assigned issue-level and recovery ratings to
Scientific Games Corp.'s proposed $250 million senior subordinated
notes due 2018.  S&P rated the notes 'BB-' (one notch lower than
the 'BB' corporate credit rating) with a recovery rating of '5',
indicating its expectation of modest (10% to 30%) recovery for
lenders in the event of a payment default.  (These ratings are
based on preliminary terms and conditions.)  The Company will use
the proceeds to refinance existing 6.25% senior subordinated
notes, to repay at least $25 million of term loan debt, and for
general corporate purposes.

"The revision of the rating outlook to negative reflects our
expectation that the Company's credit measures will remain
slightly weak for the rating over the next several quarters," said
Standard & Poor's credit analyst Melissa Long.

Specifically, S&P expects that under its performance assumptions
leverage will remain in the low-5x area over the near term. We had
previously cited an expectation that credit measures would be
slightly weak for the rating over the near term as a result of the
expected upfront payment for the Italian contract, but expected
the measure to improve to be in line with the rating over the near
term under its performance assumptions.  S&P now expects that
leverage will remain at a level that is weak for the rating for a
more sustained period of time.  Additionally, S&P believes the
Company's recent share repurchase activity demonstrates a somewhat
more aggressive financial policy given current credit measures.
S&P has not incorporated any meaningful future share repurchase
activity into its rating assumptions, and the current rating
would not support the activity until leverage is below 5x.

The rating reflects the highly competitive market conditions in
the lottery and pari-mutuel industries, the mature nature and
capital intensity of the online lottery industry and the Company's
limited business diversity.  Still, Scientific Games maintains a
leadership position in the instant ticket lottery and pari-mutuel
systems segments of the gaming industry, which fuels substantial
recurring revenue and a stable cash flow base given long-term
contracts.

Scientific Games is a leading integrated supplier of instant
tickets, systems, and services to lotteries worldwide, and a
leading supplier of server-based gaming machines and interactive
sports betting terminals and systems, well as wagering systems,
and services to pari-mutuel operators.  While the Company remains
a distant second in the online lottery segment behind industry
leader Lottomatica SpA, the instant ticket portion of the lottery
market has grown more rapidly in recent years. In addition, the
company is a licensed pari-mutuel gaming operator in Connecticut,
Maine, and the Netherlands, and a worldwide supplier of prepaid
phone cards to cellular telephone companies.


SF8, LLC: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: SF8, LLC
        815-A Brazos Street, #491
        Austin, TX 78701

Bankruptcy Case No.: 10-12558

Chapter 11 Petition Date: September 7, 2010

Court: U.S. Bankruptcy Court
       Western District of Texas (Austin)

Judge: Craig A. Gargotta

Debtor's Counsel: Mark Hopkins, Esq.
                  3821 Juniper Trace, Suite 107
                  Austin, TX 78738
                  Tel: (512) 600-4320

Scheduled Assets: $1,613,146

Scheduled Debts: $1,913,801

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

The petition was signed by Stefan Whitwell, manager.


SINOBIOMED INC: Board Names Georg Yu as New Chief Exec. Officer
---------------------------------------------------------------
The Board of Directors of Sinobiomed Inc. appointed George Yu as
new chief executive officer of the Company.

Mr. Yu, incoming President and Chief Executive Officer, has over
15 years of management and corporate development experience.  Mr.
Yu had worked in operational management roles in technology start-
ups in the late 1990s and later acted as management consultant to
Fortune 500 companies at Bain.  His corporate finance experience
includes working at small-cap hedge and venture capital funds in
emerging markets and investment banking at Lehman Brothers.  Mr.
Yu graduated from Columbia Business School magna cum laude in
Finance and Economics.

Mr. Yu plans to implement immediately the following strategic
initiatives:

  * Identify strategic acquisition and investment opportunities in
    high-growth industries

  * Build a results-oriented management team

  * Execute strategic transactions intended to accelerate the
    growth of the company and create significant shareholder value

  * Obtain necessary funding to execute strategic transactions

  * Focus on operational excellence to deliver results


                         About Sinobiomed

Sinobiomed Inc. formerly CDoor Corp. (OTC BB: SOBM)
-- http://www.sinobiomed.com/-- was incorporated in the State of
Delaware.  The Company is a Chinese developer of genetically
engineered recombinant protein drugs and vaccines.  Based in
Shanghai, Sinobiomed currently has 10 products approved or in
development: three on the market, four in clinical trials and
three in research and development.  The Company's products respond
to a wide range of diseases and conditions, including: malaria,
hepatitis, surgical bleeding, cancer, rheumatoid arthritis,
diabetic ulcers and burns, and blood cell regeneration.

                      Going Concern Doubt

Schumacher & Associates Inc., in Denver, expressed substantial
doubt about Sinobiomed Inc.'s ability to continue as a going
concern after auditing the company's consolidated financial
statements for the year ended December 31, 2007.  The auditing
firm reported that the Company has experienced losses since
commencement of operations and has negative working capital and a
stockholders' deficit.

The Company is in the process of researching, developing, testing
and evaluating proposed new pharmaceutical products and has not
yet determined whether these products are technically or
economically feasible.  Management's plan is to actively search
for new sources of capital, including government and non-
government grants toward research projects and new equity
investment.


SHUBH HOTELS: Strikes Deal With BlackRock to Pay Workers
--------------------------------------------------------
Dow Jones' DBR Small Cap reports that the owner of the former
Hilton Pittsburgh and the hotel's lender have reached an agreement
that should enable employees at the hotel's operator to be paid,
pending approval by a judge.  According to the Pittsburgh Post-
Gazette, in a stipulated "bridge" order filed late Thursday in
U.S. Bankruptcy Court in Pittsburgh, BlackRock Financial
Management Inc. agreed to release hotel revenues it had been
holding to pay about 300 full- and part-time workers and to fund
operations.  DBR relates Shubh Hotels Pittsburgh LLC had filed
expedited motions Wednesday for authorization to pay employees and
to use revenues under the control of BlackRock, a New York-based
lender, to run the high-profile hotel.  BlackRock has been holding
the funds since Shubh filed for Chapter 11 protection last week.
Under the stipulation, BlackRock agreed to fund ordinary operating
expenses until Sept. 15, based on an interim budget that included
Sept. 10 paychecks for workers.

Boca Raton, Florida-based Shubh Hotels Pittsburgh, LLC, filed a
Chapter 11 petition on September 7 in Pittsburgh, Pennsylvania
(Bankr. W.D. Pa. Case No. 10-26337).  Shubh is the owner of the
former Pittsburgh Hilton Hotel.  The Debtor estimated $10 million
to $50 million in assets and $50 million to $100 million in debts
in its Chapter 11 petition.  Scott M. Hare, Esq., in Pittsburgh,
serves as the Debtor's bankruptcy counsel.


SKYE INTERNATIONAL: Court Confirms Plan of Reorganization
---------------------------------------------------------
BankruptcyData.com reports that the U.S. Bankruptcy Court issued
an order confirming SKYE International's First Amended Plan of
Reorganization.

BData says the Plan provides for the Company to remain as a
debtor-in-possession operating its business in the normal course
with its current management in place.  Secured creditors are to
continue to be paid pursuant to their loan documents and general
unsecured creditors are to each notify Skye International in
writing by September 22, 2010 as to which of the designated five
alternatives they have elected for payment of their individual
claims.  Depending upon which alternative is selected, The Company
has either 30, 60 or 90 days to make a payment on each allowed
unsecured claim or to convert the claim to stock (30 days for
conversion to either common or preferred stock, 60 days for the
lump sum payment of 25% of the claim, or 90 days for each
quarterly payment of 50% of the total claim).

As of September 2, 2010, 16,277,323 shares of common stock were
outstanding and 9,137,900 shares are reserved for future issuance
in respect of claims and interests filed and allowed under the
Plan. If all of these reserved shares are issued, there will be
25,415,223 shares of common stock issued and outstanding.
Scottsdale, Ariz.-based SKYE International, Inc. is in the
business of designing, developing, and marketing consumer water
heating appliances.  All of the Company's products are designed by
in-house engineering and contract engineers from third party
engineering firms.

SKYE International filed for Chapter 11 protection on December 16,
2009 (Bankr. D. Nev. Case No. 09-54485).  Stephen R. Harris, Esq.,
at Belding, Harris & Petroni, Ltd., represents the Debtor as
counsel.  The Debtor estimated between $1 million and $10 million
in assets and debts in its petition.


STERIGENICS INT'L: S&P Affirms 'B' Corporate Credit Rating
----------------------------------------------------------
Standard & Poor's Ratings Services revised the outlook on Oak
Brook, Ill.-based Sterigenics International Inc. to stable from
negative.  At the same time, S&P affirmed 'B' corporate credit
rating and 'B+' issue-level rating on the Company's senior secured
credit facility.

"The speculative-grade ratings on Sterigenics reflect the
Company's single business focus in a competitive industry, high
debt leverage, and tight leverage covenant cushion," said Standard
& Poor's credit analyst Jack M. Harcourt.  Additionally, its
relatively small size heightens its sensitivity to significant
customer and industry concentration, and exposure to contract
renewals.


SUN MEDIA: DBRS Confirms BB Issuer Rating
-----------------------------------------
DBRS had confirmed the Issuer Rating of Sun Media Corporation at
BB; its Secured Bank Debt rating at BBB (low), with a RR1 recovery
rating; and its Senior Unsecured Notes at BB (low), with a
recovery rating of RR5.  The trend on all the ratings is Stable.

Although DBRS notes that Sun Media's business risk profile remains
under some structural pressure, it appears to be managing this
with significant changes in its cost structure while maintaining a
healthy financial risk profile.  DBRS also notes that Sun Media's
Issuer Rating continues be constrained by leverage at its parent,
Quebecor Media Inc. (QMI), which relies on Sun Media's
distributions, along with cash distributions from other operating
subsidiaries, to support its interest costs and funding
requirements.

In terms of Sun Media's business risk profile, DBRS believes that
most of the revenue pressure that Sun Media has experienced over
the past 30 months remains cyclical, driven by the downturn in the
Canadian economy.  However, beyond this cyclical pressure, DBRS
believes that Sun Media continues to experience ongoing secular
trends as advertisers and readers shift to online formats.  The
Company is attempting to combat this by moving an increasing
amount of its content online, ramping up its free daily offerings
in most major markets and significantly streamlining its cost
structure.  Examples of cost reductions over the past couple of
years include cutbacks in labour and newsprint use and the
creation of an in-house news agency to save on newswire costs.
Although advertising revenue remains under some modest pressure,
it should stabilize at some point in 2010.  DBRS believes that any
improvement will be driven by the economy, since structural
changes are unlikely to return revenue to prior levels.  With
significant cost-reduction efforts and despite further revenue
pressure, EBITDA improved significantly to $187 million as of June
30, 2010, higher than year-end 2008 but less than year-end 2007.

From a financial perspective, DBRS notes that Sun Media continues
to generate good levels of cash flow from operations, with fairly
modest levels of capex required.  While the majority of cash
generated or accumulated is sent to QMI, Sun Media continues to
benefit from the significant de-leveraging effort in 2007.  Gross
debt-to-EBITDA currently stands at approximately 1.80 times and is
not expected to exceed 2.0 times going forward.  DBRS believes
that this level of leverage remains reasonable for a newspaper
publishing company, giving it more flexibility through economic
cycles.

Although DBRS expects that Sun Media will continue to be affected
by structural factors over the medium term, DBRS does not expect
revenue pressures to meaningfully increase further, EBITDA to
decline significantly nor a significant free cash flow deficit
position (after distributions and including cash tax savings) to
arise over the next couple of years. Part of this expectation of
free cash flow is driven by the variable nature of Sun Media's
distributions to QMI.  Despite these expectations, should any of
the cyclical and secular pressures on Sun Media intensify beyond
DBRS's expectations and/or leverage fundamentally increase at
either Sun Media or QMI, Sun Media's BB Issuer Rating could be
pressured.

DBRS has stressed Sun Media under a default scenario whereby it
could possibly default on its debt obligations over the 2010-2013
time frame under certain assumptions.  In this default scenario,
Sun Media would be in a negative free cash flow position and would
require additional debt to fund itself (DBRS has assumed the
Company borrows an additional $220 million under a secured credit
facility, which is within current headroom under the secured debt
test).

At a distressed valuation level, DBRS notes that Sun Media's
Secured Bank Debt (assuming $220 million is outstanding) has
outstanding recovery prospects of 90% to 100% under a base-case
default/recovery scenario.  As such, DBRS has confirmed Sun
Media's Secured Bank Debt recovery rating at RR1 and its
instrument rating at BBB (low), two notches above its BB Issuer
Rating.  This is consistent with DBRS's leveraged finance rating
methodology.

DBRS notes that Sun Media's Senior Unsecured Notes ($297.8 million
outstanding) have below-average recovery prospects of 10% to 30%
under a base-case default/recovery scenario.  As such, DBRS has
confirmed Sun Media's Senior Unsecured Notes recovery rating at
RR5 and its instrument rating at BB (low), one notch below the BB
Issuer Rating.


SUSSEX MANOR: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Sussex Manor, LLC
          dba Sussex Manor Apartments
        3000 MacArthur
        Orange, TX 77630

Bankruptcy Case No.: 10-10571

Chapter 11 Petition Date: September 7, 2010

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

Judge: Bill Parker

Debtor's Counsel: Frank J. Maida, Esq.
                  MAIDA LAW FIRM
                  4320 Calder Avenue
                  Beaumont, TX 77706-4631
                  Tel: (409) 898-8200
                  Fax: (409)898-8400
                  E-mail: maidalawfirm@gt.rr.com

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

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

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

The petition was signed by David Friedman, manager.


TAYLOR BEAN: Farkas Venue Transfer Bid Denied; Trial Moved
----------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reports that Judge Leonie M. Brinkema of the U.S. District Court
in Alexandria, Virginia, granted a request by Taylor, Bean &
Whitaker Mortgage Corp.'s former chairman, Lee Farkas, to delay by
three-and-a-half months his jury trial on the 16 criminal fraud
charges he faces.  The court, however, refused to move the case to
Mr. Farkas' home of Florida from Virginia, where prosecutors
indicted him in June.

The trial will now begin on Feb. 22.  It was previously set for
Nov. 1.

DBR notes Mr. Farkas has pleaded not guilty to the charges, which
federal prosecutors brought against him for his alleged
misappropriation of nearly $2 billion from Colonial Bank to cover
the once giant mortgage lender Taylor Bean's cash shortfalls as
well as for his own benefit.  As a result, Taylor Bean sought
bankruptcy protection and Colonial Bank collapsed.

Mr. Farkas is represented by court-appointed attorney, William B.
Cummings, Esq.  According to DBR, Mr. Farkas had argued the case
should be moved to the Middle District of Florida, which is "the
overwhelming center of gravity in all material respects of
virtually every conduct-based allegation of the indictment."

Prosecutors had objected, according to DBR, arguing that the
location of the Federal Home Loan Mortgage Corp. -- Taylor Bean's
"lifeblood" and the "essential component" of Mr. Farkas' alleged
fraud scheme -- in McLean, Va., was reason enough to keep the
trial in nearby Alexandria.

Mr. Farkas's motion to delay the trial went unopposed.

                         About Taylor Bean

Taylor, Bean & Whitaker Mortgage Corp. grew from a small Ocala-
based mortgage broker to become one of the largest mortgage
bankers in the United States.  In 2009, Taylor Bean was the
country's third largest direct-endorsement lender of FHA-insured
loans of the largest wholesale mortgage lenders and issuer of
mortgage backed securities.  It also managed a combined mortgage
servicing portfolio of approximately $80 billion.  The company
employed more that 2,000 people in offices located throughout the
United States.

Taylor Bean filed for Chapter 11 bankruptcy protection August 24
(Bankr. M.D. Fla. Case No. 09-07047).  Taylor Bean filed the
Chapter 11 petition three weeks after federal investigators
searched its offices.  The day following the search, the Federal
Housing Administration, Ginnie Mae and Freddie Mac prohibited the
company from issuing new mortgages and terminated servicing
rights.  Taylor Bean estimated more than $1 billion in both assets
and liabilities in its bankruptcy petition.

Edward J. Peterson, III, Esq., at Stichter, Riedel, Blain &
Prosser, PA, in Tampa, Florida, represents the Debtor.  Troutman
Sanders LLP is special counsel.  BMC Group, Inc., serves as claims
agent.


TBS INTERNATIONAL: Posts $10.5 Million Net Loss in June 30 Quarter
------------------------------------------------------------------
TBS International plc filed its quarterly report on Form 10-Q,
reporting a net loss of $10.5 million on $111.2 million of revenue
for the three months ended June 30, 2010, compared with a net loss
of $16.9 million on $72.2 million of revenue for the same period
of 2009.

The Company believes that its liquidity and capital resources are
sufficient to meet its obligations for the foreseeable future.  As
of June 30, 2010, the Company had a working capital deficit of
$33.1 million, which the Company plans to reduce through cost
containment efforts and cash flow from operations.

The Company's balance sheet as of June 30, 2010, showed
$918.8 million in total assets, $396.6 million in total
liabilities, and stockholders' equity of $522.2 million.

As reported in the Troubled Company Reporter on March 19, 2010,
PricewaterhouseCoopers LLP, 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 believes it will not be in compliance with the
financial covenants under its credit facilities during 2010, which
under the agreements would make the debt callable.  "This has
created uncertainty regarding the Company's ability to fulfill its
financial commitments as they become due."

In its latest 10-Q, the Company discloses that in May 2010 the
Company finalized the amendment of its credit agreements.  The
amended credit agreements set new financial covenant levels,
eliminated the minimum consolidated tangible net worth
requirement, increased bank margins and provided a new EBITDA
calculation.  The Company anticipates that it will meet the
amended covenant requirements during the next twelve months making
the debt no longer callable, and the long-term portion of
outstanding debt was recorded as long-term on the consolidated
balance sheet at June 30, 2010.

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

               http://researcharchives.com/t/s?6b16

Dublin 2, Ireland-based TBS International plc (NASDAQ: TBSI)
-- http://www.tbsship.com/-- is a fully-integrated transportation
service company that provides worldwide shipping solutions to a
diverse client base of industrial shippers.

                          *     *     *

This concludes the Troubled Company Reporter's coverage of TBS
International plc until facts and circumstances, if any, emerge
that demonstrate financial or operational strain or difficulty at
a level sufficient to warrant renewed coverage.


TRUMAN FAMILY: Section 341(a) Meeting Scheduled for Oct. 21
-----------------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of Truman
Family Limited Partnership's creditors on October 21, 2010, at
4:00 p.m.  The meeting will be held at 300 Las Vegas Boulevard.,
South, Room 1500, Las Vegas, NV 89101.

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.

Las Vegas, Nevada-based Truman Family Limited Partnership filed
for Chapter 11 bankruptcy protection on September 3, 2010 (Bankr.
D. Nev. Case No. 10-26871).  David J. Winterton, Esq., who has an
office in Las Vegas, Nevada, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets and debts
at $10 million to $50 million.


TRUMAN FAMILY: Taps David J. Winterton as Bankruptcy Counsel
------------------------------------------------------------
Truman Family Limited Partnership asks for authorization from the
U.S. Bankruptcy Court for the District of Nevada to employ the law
firm of David J. Winterton & Assoc., Ltd., as bankruptcy counsel.

The Firm will, among other things:

     a. attend hearings;
     b. filing required schedules and papers;
     c. prepare a disclosure statement and plan of reorganization;
        and
     d. counsel the Debtor.

The hourly rates of the Firm's personnel are:

        Attorneys                     $200-$300
        Paralegals                      $125

David J. Winterton, Esq., an attorney at the Firm, assures the
Court that the firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

Las Vegas, Nevada-based Truman Family Limited Partnership filed
for Chapter 11 bankruptcy protection on September 3, 2010 (Bankr.
D. Nev. Case No. 10-26871).  The Debtor estimated its assets and
debts at $10 million to $50 million.


ULTIMATE ESCAPES: Issues Bankruptcy Warning
-------------------------------------------
Ultimate Escapes, Inc., on September 9, 2010, told its club
members it may have to file for bankruptcy as early as Monday
September 13.

Jim Tousignant, President and CEO of Ultimate Escapes, said the
Club finds itself with little cash and operating under a
Forbearance Agreement with primary secured lender CapitalSource,
as a result of being in default of its loan agreement.

"CapitalSource is currently providing the Club with very limited
funding and time to restructure and recapitalize our business,
either on a standalone basis, as part of a merger with another
Club, real estate firm or hospitality company, or through a sale
of the Club to an acquirer. As no such plan has yet to
materialize, it is now increasingly likely that any of these
options will be done in a process under bankruptcy protection, and
such filing, subject to an affirmative vote of a Special Committee
of the Board of Directors, could happen as early as Monday
September 13, 2010," according to Mr. Tousignant.

While Ultimate Escapes has successfully raised about $40 million
of capital since inception, Mr. Tousignant said the Company only
raised about $10 million of new equity when the Club went public
via a SPAC transaction in October 2009, and it had to postpone its
$20 Million February 2010 Secondary Offering due to poor market
conditions in late February when the broader stock market dropped
more than 7% from mid-January to mid-February, resulting in most
IPOs and Secondary Offerings during that time being pulled,
downsized or postponed.

As a condition precedent to the Forbearance Agreement with
CapitalSource, the Club has retained Sheon Karol, a Partner of CRG
Partners Group, LLC, to serve as Chief Restructuring Officer.  The
CRO provides financial, operational and other advice to the Club.

Under the Forbearance Agreement, the Club is required to continue
to employ an officer or principal of a nationally recognized
restructuring firm to serve in the capacity of Chief Restructuring
Officer, and to cause such person to perform certain specified
duties, including creating and implementing an operating strategy
designed to optimize cash flow from operations, formulating and
directing the process for any potential sale or merger of the
Club, as well as leading restructuring initiatives, formulating
and directing an asset disposition process, including the sale of
certain specified Club properties, and evaluating and recommending
the retention of any professionals, including an investment banker
or real estate broker, to assist in accomplishing these
objectives.

Mr. Tousignant also said the entire management team and staff of
the Club continue to make significant financial sacrifices.  Over
the last 30 days, the Club closed its Ft. Collins office,
terminating 20 full-time staff members and also implementing
substantial salary cuts for other remaining staff members, with
the highest salary cuts taken by Club management.  The result is a
reduction of total annual staff costs by over 40%.  Mr. Tousignant
and & Chairman Rich Keith are currently receiving no salary, and
are willing to modify their current employment agreements with the
Club to only receive 50% of their normal salary until the Club
becomes cash flow breakeven.  All other senior Club executives
have also agreed to 20% and 50% salary reductions.

A copy of the Company's memo is available at no charge at
http://ResearchArchives.com/t/s?6b26

The Company's balance sheet at June 30, 2010, showed
$188.7 million in total assets, $222.0 million in total
liabilities, and a stockholders' deficit of $33.3 million.

Kingery & Crouse, in Tampa, Fla., 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 has suffered recurring
losses from operations and has ongoing requirements for additional
capital investment.

The Company is in active discussions with CapitalSource to modify
the covenant.

Kissimmee, Fla.-based Ultimate Escapes, Inc. (OTC BB: ULEI and
ULEI-W) -- http://www.ultimateescapes.com/-- is a luxury
destination club that sells club memberships offering members
reservation rights to use its vacation properties, subject to the
rules of the club member's Club Membership Agreement.  The
Company's properties are located in various resort locations
throughout the world.

Ultimate Escapes, the marriage of Private Escapes and Ultimate
Resort, has extensive experience with destination club mergers and
acquiring struggling clubs.  Prior to the Ultimate Escapes merger,
Ultimate Resort acquired the assets of Tanner & Haley following
their bankruptcy.


UNIFI INC: Amends Security Agreement With BoA and Wells Fargo
-------------------------------------------------------------
Unifi Inc. and its subsidiaries entered on Sept. 9, 2010, into a
First Amendment to Amended and Restated Credit Agreement, Amended
and Restated Security Agreement and Pledge Agreement with Bank of
America, N.A., as both administrative agent and lender, and Wells
Fargo Capital Finance, Inc., as lender.

The First Amendment Credit Agreement provides for a revolving
credit facility in an amount of $100 million and matures on Sept.
9, 2015, provided that unless the Company's 11.5% Senior Secured
Notes due 2014 have been prepaid, redeemed, defeased or otherwise
repaid in full on or before February 15, 2014, the maturity date
of the revolving credit facility will be adjusted to Feb. 15,
2014.  The First Amendment Credit Agreement amends a senior
secured asset-based revolving credit facility which had a stated
maturity date of May 15, 2011.

The First Amendment Credit Agreement is secured by first-priority
liens on the Company's and its subsidiary co-borrowers' inventory,
accounts receivable, general intangibles, investment property,
chattel paper, documents, instruments, supporting obligations,
letter of credit rights, deposit accounts and other related
personal property and all proceeds relating to any of the above,
and by second-priority liens, subject to permitted liens, on the
Company's and its subsidiary co-borrowers' assets securing the
2014 Notes and related guarantees on a first-priority basis, in
each case other than certain excluded assets.  The Company's
ability to borrow under the First Amendment Credit Agreement is
limited to a borrowing base equal to specified percentages of
eligible accounts receivable and inventory and is subject to other
conditions and limitations.

Borrowings under the First Amendment Credit Agreement bear
interest at rates of LIBOR plus 2.00% to 2.75% and/or prime plus
0.75% to 1.50%.  The interest rate matrix is based on the
Company's excess availability under the First Amendment Credit
Agreement.  The unused line fee under the First Amendment Credit
Agreement is 0.375% to 0.50% of the unused line amount.

The First Amendment Credit Agreement contains customary
affirmative and negative covenants for asset-based loans that
restrict future borrowings and certain transactions.  Such
covenants include restrictions and limitations on:

   i) sales of assets, consolidation, merger, dissolution and the
      issuance of the Company's capital stock, any subsidiary co-
      borrower and any domestic subsidiary thereof,

  ii) permitted encumbrances on the Company's property, any
      subsidiary co-borrower and any domestic subsidiary thereof,

iii) the incurrence of indebtedness by the Company, any
      subsidiary co-borrower or any domestic subsidiary thereof,

  iv) the making of loans or investments by the Company, any
      subsidiary co-borrower or any domestic subsidiary thereof,

   v) the declaration of dividends and redemptions by the Company
      or any subsidiary co-borrower and

  vi) transactions with affiliates by the Company or any
      subsidiary co-borrower.

The covenants under the First Amendment Credit Agreement are,
however, generally less restrictive than the Amended Credit
Agreement as the Company is no longer required to maintain a fixed
charge coverage ratio of at least 1.0 to 1.0 to make certain
distributions and investments so long as pro forma excess
availability is at least equal to 27.5% of the total credit
facility.

These distributions and investments include:

   i) the payment or making of any dividend,

  ii) the redemption or other acquisition of any of the Company's
      capital stock,

iii) cash investments in joint ventures,

  iv) acquisition of the property and assets or capital stock or a
      business unit of another entity and

  v) loans or other investments to a non-borrower subsidiary.

The First Amendment Credit Agreement does require the Company to
maintain a trailing twelve month fixed charge coverage ratio of at
least 1.0 to 1.0 should borrowing availability decrease below 15%
of the total credit facility.  There are no capital expenditure
limitations under the First Amendment Credit Agreement.

A full-text copy of the Amended Agreement is available for free
at http://ResearchArchives.com/t/s?6b1b

                         About Unifi

Unifi, Inc. (NYSE: UFI) -- http://www.unifi.com/and
http://www.repreve.com/-- is a diversified producer and processor
of multi-filament polyester and nylon textured yarns and related
raw materials.  The Company adds value to the supply chain and
enhances consumer demand for its products through the development
and introduction of branded yarns that provide unique performance,
comfort and aesthetic advantages.  Key Unifi brands include, but
are not limited to: AIO(R) - all-in-one performance yarns,
SORBTEK(R), A.M.Y.(R), MYNX(R) UV, REPREVE(R), REFLEXX(R),
MICROVISTA(R) and SATURA(R). Unifi's yarns and brands are readily
found in home furnishings, apparel, legwear, and sewing thread, as
well as industrial, automotive, military, and medical
applications.

As reported by the Troubled Company Reporter on November 20, 2009,
Moody's Investors Service revised Unifi, Inc.'s ratings outlook to
stable from negative.  Moody's affirmed the company's Caa1
Corporate Family and Probability of Default Ratings, and the Caa2
rating on its senior secured notes due 2014.

Standard & Poor's Ratings Services said that it placed its
ratings, including the 'B-' corporate credit rating, on
Greensboro, N.C.-based Unifi Inc. on CreditWatch with positive
implications.


UNIGENE LABORATORIES: Director Slusser Acquires 2,000 Shares
------------------------------------------------------------
Peter Slusser, a director at Unigene Laboratories Inc., disclosed
in a Form 4 regulatory filing that on September 3 he acquired
2,000 shares of the company's common stock, raising his stake to
59,315 shares.  There are 92,233,551 shares of common stock
outstanding as of August 2, 2010.

                           About Unigene

Unigene Laboratories, Inc. OTCBB: UGNE) -- http://www.unigene.com/
-- is a biopharmaceutical company focusing on the oral and nasal
delivery of large-market peptide drugs.

Unigene's balance sheet at June 30, 2010, showed $27.60 million in
total assets, $60.32 million in total liabilities, and
$32.72 million in stockholders' deficit.

Grant Thornton LLP, in New York, expressed substantial doubt about
Unigene Laboratories' ability to continue as a going concern
following the Company's 2009 results.  The firm noted that the
Company has incurred a net loss of $13,400,000 during the year
ended December 31, 2009 and has an accumulated deficit of
approximately $143,000,000 as of December 31, 2009.  As of that
date, the Company's current liabilities exceeded its current
assets by $1,251,000 and its total liabilities exceeded total
assets by $30,442,000.


UNIGENE LABORATORIES: Victory Park Acquires 5,000 Shares
--------------------------------------------------------
According to a Form 4 regulatory filing by Richard N. Levy, a
director at Unigene Laboratories Inc., Victory Park Credit
Opportunities Master Fund, Ltd., acquired 5,000 shares of the
company's common stock, raising its stake to 8,896,364 shares.

The shares are indirectly held by (i) Victory Park Capital
Advisors, LLC, as investment manager for the Fund, (ii) Jacob
Capital, L.L.C., as the manager of Advisors, and (iii) Mr. Levy,
as the sole member of Jacob.  Each of Advisors, Jacob and Mr. Levy
disclaims beneficial ownership of the securities except to the
extent of its or his pecuniary interest therein.

There are 92,233,551 shares of common stock outstanding as of
August 2, 2010.

                           About Unigene

Unigene Laboratories, Inc. OTCBB: UGNE) -- http://www.unigene.com/
-- is a biopharmaceutical company focusing on the oral and nasal
delivery of large-market peptide drugs.

Unigene's balance sheet at June 30, 2010, showed $27.60 million in
total assets, $60.32 million in total liabilities, and
$32.72 million in stockholders' deficit.

Grant Thornton LLP, in New York, expressed substantial doubt about
Unigene Laboratories' ability to continue as a going concern
following the Company's 2009 results.  The firm noted that the
Company has incurred a net loss of $13,400,000 during the year
ended December 31, 2009 and has an accumulated deficit of
approximately $143,000,000 as of December 31, 2009.  As of that
date, the Company's current liabilities exceeded its current
assets by $1,251,000 and its total liabilities exceeded total
assets by $30,442,000.


UNIGENE LABORATORIES: Warren Levy Resigns as Exec. Vice President
-----------------------------------------------------------------
Unigene Laboratories Inc. said Dr. Warren Levy resigned effective
September 9, 2010, as employee, director, and executive vice
president of the Company.

                           About Unigene

Unigene Laboratories, Inc. OTCBB: UGNE) -- http://www.unigene.com/
-- is a biopharmaceutical company focusing on the oral and nasal
delivery of large-market peptide drugs.

Unigene's balance sheet at June 30, 2010, showed $27.60 million in
total assets, $60.32 million in total liabilities, and
$32.72 million in stockholders' deficit.

Grant Thornton LLP, in New York, expressed substantial doubt about
Unigene Laboratories' ability to continue as a going concern
following the Company's 2009 results.  The firm noted that the
Company has incurred a net loss of $13,400,000 during the year
ended December 31, 2009 and has an accumulated deficit of
approximately $143,000,000 as of December 31, 2009.  As of that
date, the Company's current liabilities exceeded its current
assets by $1,251,000 and its total liabilities exceeded total
assets by $30,442,000.


VALENCE TECHNOLOGY: 4 Directors Acquire Stock Options
-----------------------------------------------------
Four directors at Valence Technology Inc., disclosed in separate
Form 4 regulatory filings that on September 2 they each acquired
options to buy 100,000 shares of Valence common stock:

     -- Carl E. Berg,
     -- Bert C. Roberts Jr.,
     -- Donn Tognazzini, and
     -- Vassilis G. Keramidas

The options vest in quarterly installments over a three year
period following the September 2 grant date.

                     About Valence Technology

Austin, Texas-based Valence Technology, Inc. (NASDAQ: VLNC) --
http://www.valence.com/-- is a global leader in the development
of safe, long-life lithium iron magnesium phosphate energy storage
solutions and provides the enabling technology behind some of the
world's most innovative and environmentally friendly applications.
Valence Technology has its Research & Development Center in
Nevada, its Europe/Asia Pacific Sales office in Northern Ireland
and global fulfillment centers in North America and Europe.

The Company's balance sheet at June 30, 2010, showed
$22.75 million in total assets, $94.51 million in total
liabilities, and a stockholders' deficit of $80.37 million.

PMB Helin Donovan LLP expressed substantial doubt about Valence
Technology Inc.'s ability as a going concern following the
Company's fiscal 2010 results.  The Company has incurred operating
losses each year since its inception in 1989 and had an
accumulated deficit of $581 million as of March 31, 2010.  For the
fiscal years ended March 31, 2010, 2009, and 2008 the Company
sustained net losses available to common stockholders of
$23.2 million, $21.4 million, and $19.6 million, respectively.


VERENIUM CORP: Closes Sale of Biofuels Biz to BP for $98 Million
----------------------------------------------------------------
Verenium Corporation disclosed the closing of the sale of its
cellulosic biofuels business to BP Biofuels North America for
$98.3 million, subject to the additional financial terms of the
transaction announced on July 15, 2010.

In the transaction, BP acquired the Company's facilities in
Jennings, LA, including the pilot plant and demonstration-scale
facility, the San Diego, CA R&D facilities, as well as cellulosic
biofuels and cellulosic enzyme technology and related IP.  In
addition, BP retained select personnel needed to continue the
cellulosic biofuels development program.  BP also became the sole
owner of Vercipia Biofuels and Galaxy Biofuels, the 50-50 joint
ventures created by the Company and BP.

Verenium retains its commercial enzyme business, including its
biofuels enzyme products, and has the right to develop its own
cellulosic enzyme program.  Verenium also retains select R&D
capabilities, as well as the potential option to access select
biofuels technology developed by BP using the technology acquired
from Verenium through this transaction.

UBS Investment Bank acted as financial advisor to Verenium in
connection with this transaction.

                   About Verenium Corporation

Cambridge, Mass.-based Verenium Corporation (NASDAQ: VRNM) --
http://www.verenium.com/--  is a pioneer in the development and
commercialization of high-performance enzymes for use in
industrial processes.  Verenium currently sells enzymes developed
using its R&D capabilities to industrial customers globally for
use in markets including biofuels, animal health and oil seed
processing

As reported in the Troubled Company Reporter on March 19, 2010,
Ernst & Young LLP, in San Diego, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that of the Company's recurring
operating losses and accumulated deficit of $630.0 million at
December 31, 2009.


VIDEOTRON LTEE: DBRS Confirms BB Issuer Rating
----------------------------------------------
DBRS has confirmed Videotron Ltee's (Videotron or the Company)
Issuer Rating at BB (high), its Secured Bank Debt rating at BBB
(low), with a RR1 recovery rating, and its Senior Unsecured Notes
at BB (high), with a RR3 recovery rating.  The trends on all
ratings are Stable.  Videotron's BB (high) Issuer Rating is
supported by its strong market position in Qu‚bec, with a cable
footprint that covers 2.6 million homes, services 1.8 million
basic subscribers and generates strong operating metrics and good
operating leverage.  Despite this, DBRS notes that Vid‚otron's
Issuer Rating remains constrained by the leverage at its parent,
Quebecor Media Inc. (QMI), which continues to depend on Videotron,
along with cash distributions from other operating subsidiaries,
to support its own interest costs and funding requirements.

Videotron continues to benefit from subscriber growth in digital,
high-speed Internet and telephony, with a rising number of
subscribers taking two or three of its services.  This is in a
marketplace that remains highly competitive, with satellite and
telco operators also providing these services and continuing to
invest in their networks to enhance their services (e.g., the
telcos with fibre deployments are bolstering their data speeds,
which allows them to launch terrestrial video services).  DBRS
notes that, in early September 2010, with a goal of adding
wireless service to its bundles, Videotron will deploy its own
wireless network in Quebec and, in doing so, will enter a very
competitive market, battling incumbents and other new entrants
alike.  Videotron's bundling efforts have been successful thus far
and have unlocked the Company's operating leverage, driving EBITDA
growth and improved EBITDA margins to 49% in the latest period - a
very strong level for a North American cable operator.  Bundling
has also driven average revenue per user (ARPU) levels to near $95
per month in Q2 2010 ($51.86/month in 2005) and lowered subscriber
churn levels.

DBRS expects similar growth drivers to remain in place for
Videotron for the remainder of 2010 and in 2011.  However, EBITDA
growth is expected to be constrained in 2010 by start-up operating
costs from the Company's wireless service launch in Q3 2010.  As
such, DBRS expects EBITDA to be below the current $1 billion level
for 2010, with a possible return to growth in 2011 or 2012 once
the bulk of these start-up costs are incurred and as its new
wireless business begins to scale.  While the wireless business is
becoming increasingly competitive in Canada, DBRS believes that
Videotron, with its existing subscribers, bundling capabilities
and distribution channels, should be successful with its extension
into the wireless market, barring any deployment issues.

From a financial perspective, Videotron has continued to
demonstrate strong operating performance in recent years, which
has driven EBITDA growth of 20% or more for the past four years.
This has translated into a stronger financial risk profile, with
gross debt-to-EBITDA remaining below 2.5 times for the past four
years and expected to remain at or below this level going forward,
even with the Company's wireless network investment and launch.
While DBRS expects Videotron's free cash flow deficit to be
meaningful in 2010 -- driven by peak capex levels related to its
wireless network investment -- the majority of this was pre-funded
with a $300 million notes issue in Q1 2010.  While additional debt
could be required over the next 18 months, capital spending should
decline to levels more typical in the range of 15% to 20% of
revenue, driving free cash flow (after cash tax savings) going
forward.  As a result of these factors, DBRS does anticipate that
the Company's gross debt-to-EBITDA will weaken in 2010 but will
remain below 2.5 times over the next 18 months, which is
reasonable for its assigned ratings.

DBRS notes that should Videotron's wireless deployment be
successful -- in tandem with continued healthy results and
reasonable leverage -- positive rating action may be warranted
over time.  However, DBRS does caution that, while currently not
anticipated, significant additional debt levels at Videotron's
parent, QMI, and/or material deterioration in Videotron's strong
cable operations due to competition, could lead to pressure on the
Company's ratings.

DBRS has stressed Videotron under a default scenario whereby it
could possibly default on its debt obligations over a 2010 to 2013
time frame under certain assumptions outlined below.  In this
default scenario, Videotron would be in a negative free cash flow
position and would require additional debt to fund itself (DBRS
has assumed the Company increases its secured credit facility and
borrows $1.25 billion under this facility).

At a stressed valuation level, DBRS notes that Videotron's secured
bank debt ($1.25 billion) has outstanding recovery prospects under
a base case default/recovery scenario.  As such, DBRS has
confirmed Videotron's Secured Bank Debt recovery rating at RR1
(90%-100% expected recovery) and its instrument rating of BBB
(low), one notch above Videotron's BB (high) Issuer Rating.  This
is consistent with DBRS's leveraged finance rating methodology.

DBRS notes that Videotron's senior unsecured debt ($2.1 billion,
including derivatives) has good recovery prospects under a base
case default/recovery scenario.  As such, DBRS has confirmed
Videotron's Senior Unsecured Notes recovery rating at RR3 (50%-70%
expected recovery) and its instrument rating of BB (high), the
same as Videotron's BB (high) Issuer Rating, as this senior
unsecured debt ranks behind the Company's secured bank debt.


VISANT HOLDING: S&P Downgrades Corporate Credit Rating to 'B+'
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating for Armonk, N.Y.-based school affinity provider and niche
printing company Visant Holding Corp. to 'B+' from 'BB-'.  The
rating outlook is stable.

At the same time, S&P lowered the issue-level ratings on the
company's existing debt issues by one notch, in accordance with
the lowering of the corporate credit rating.  All related recovery
ratings on these debt issues remain unchanged.

Finally, S&P assigned operating subsidiary Visant Corp.'s proposed
$1.425 billion senior secured credit facility a preliminary issue-
level rating of 'BB-' (one notch higher than the 'B+' corporate
credit rating on Visant Holding) with a preliminary recovery
rating of '2', indicating S&P's expectation of substantial (70% to
90%) recovery for lenders in the event of a payment default.  The
facility consists of an expected $1.25 billion term loan facility
due 2017 and an expected $175 million revolving credit facility
due 2016.

S&P also assigned Visant Corp.'s proposed $750 million senior
notes due 2017 its preliminary issue-level rating of 'B-' (two
notches lower than the 'B+' corporate credit rating) with a
preliminary recovery rating of '6', indicating its expectation of
negligible (0% to 10%) recovery for noteholders in the event of a
payment default.

All preliminary ratings are pending our review of final
documentation.  Upon the completion of the proposed
recapitalization and the repayment in full of all existing
indebtedness, S&P will withdraw all existing issue-level ratings
on the company's current indebtedness.

"The rating downgrade reflects the meaningful increase in Visant's
funded debt levels that will result from the company's announced
recapitalization plan," explained Standard & Poor's credit analyst
Michael Listner.

As part of the plan, Visant announced a cash tender offer for its
outstanding 10.25% senior discount notes due 2013, 8.75% senior
notes due 2013, and 7.625% senior subordinated notes due 2012, as
well as the termination of its existing senior secured credit
facilities. The company plans to use a portion of the
approximately $2 billion of new debt proceeds to fund a dividend
payment to the company's shareholders.  Based on outstanding debt
balances totaling about $1.4 billion at the end of the second
quarter of 2010, S&P expects that the proposed recapitalization
will result in a pro forma capital structure with incremental
funded debt in excess of $500 million.  S&P expects that much of
this incremental amount will be used to fund the dividend payment
and believe this will drive its measure of adjusted leverage to
the high 6x area at the end of 2010.

S&P views the company's willingness to incur a relatively large
debt-financed dividend as a meaningful departure from our view of
a financial policy supportive of the previous 'BB-' rating.  S&P
continues to assess Visant's business risk profile as
"satisfactory," given its relative stability in operating
performance over the economic cycle, good level of cash flow
generation, and solid operating margins.  Still, the impact on
credit measures from the incremental indebtedness weighs on our
assessment of the company's financial policy and risk profile such
that the downgrade is warranted, in S&P's view.  S&P expects that
the company will continue to generate good levels of free cash
flow, providing the flexibility for future debt repayment.
However, the rapid deterioration in credit measures and
management's more aggressive financial posture is more consistent
with the current rating.  Rating upside is unlikely without a firm
commitment of maintaining leverage at or below 5.5x, which S&P do
not believe could occur until at least 2013.


VITRO SAB: Says It May Have Majority Support for Debt Plan
----------------------------------------------------------
Dawn McCarty at Bloomberg News reported that Vitro SAB, which
defaulted last year on more than $1.2 billion of bonds, said it
may have majority support among bondholders for a debt
restructuring.  Vitro will file a plan under Mexico's bankruptcy
law, known as concurso mercantil, after obtaining a majority of
backers under a consent solicitation being sought this month,
according to a letter to the U.S. Securities and Exchange
Commission.

According to the report, Vitro said last month it was negotiating
with a new set of creditors after a third restructuring proposal
was rejected by the group that had led discussions since the
February 2009 default.  Vitro on Sept. 8 reached an agreement to
recognize $240.3 million owed to derivative holders in exchange
for dropping a lawsuit against the company.

                          About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

                           *     *     *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.
de C.V., given the lack of information following the company's
default on Feb. 2, 2009, and consistent with Fitch's policies.
Fitch will no longer provide ratings or credit research on the
Company.  Andres R. Martinez at Bloomberg News said in June that
Vitro was suspended from trading in Mexico City after failing to
file its fourth-quarter earnings report.  The company missed the
June 2 deadline for the results, Mexico's stock exchange said in
an e-mailed statement obtained by the news agency.  Vitro plans to
file the report once its debt restructuring is complete or if
ordered by a judge.  Vitro said that the suspension won't affect
company operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member of
Deloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal in
Monterrey, N.L., Mexico raised substantial doubt about the
Company's ability to continue as a going concern after auditing
financial results for the period ended Dec. 31, 2007, and 2008.
The auditors pointed out to the Company's net loss and its non-
compliance with covenants related to its long-term debt
obligations.


VITRO SAB: To Deregister American Depository Shaes
--------------------------------------------------
Vitro S.A.B. de C.V. has filed a Form 15F with the U.S. Securities
and Exchange Commission with the intention to deregister its
American Depositary Shares, Vitro's 8.625% Senior Notes due 2012,
Vitro's 11.75% Senior Notes due 2013 and Vitro's 9.125% Senior
Notes due 2017, and terminate its reporting obligations under
Section 12(g) of the Securities Exchange Act of 1934.

Vitro delisted its ADRs from the New York Stock Exchange and
terminated its ADR facility as of Aug. 24, 2009.  Vitro is already
eligible to suspend its Exchange Act reporting requirements as it
complies with the rules of the Exchange Act given that there are
no remaining holders of Vitro ADRs and each class of Notes are
held of record by less than 300 persons on a worldwide basis.

If the SEC has no objection, the deregistration and termination
of reporting obligations will become effective not later than
90 days after the filing.  Upon filing of the Form 15-F, Vitro's
reporting obligations with the SEC will be suspended until the
deregistration is effective.  However, Vitro will continue to
provide information to the Mexican Stock Exchange and will make
such information available on its website.

The shares representing Vitro's capital stock will continue
trading on the Mexican Stock Exchange.

                           About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

                           *     *     *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.
de C.V., given the lack of information following the company's
default on Feb. 2, 2009, and consistent with Fitch's policies.
Fitch will no longer provide ratings or credit research on the
Company.  Andres R. Martinez at Bloomberg News said in June that
Vitro was suspended from trading in Mexico City after failing to
file its fourth-quarter earnings report.  The company missed the
June 2 deadline for the results, Mexico's stock exchange said in
an e-mailed statement obtained by the news agency.  Vitro plans to
file the report once its debt restructuring is complete or if
ordered by a judge.  Vitro said that the suspension won't affect
company operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member of
Deloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal in
Monterrey, N.L., Mexico raised substantial doubt about the
Company's ability to continue as a going concern after auditing
financial results for the period ended Dec. 31, 2007, and 2008.
The auditors pointed out to the Company's net loss and its non-
compliance with covenants related to its long-term debt
obligations.


WAYTRONX INC: Retires Additional $4 Million in Debt
---------------------------------------------------
Waytronx Inc. has implemented the final portion of its strategic
financial re-structuring by reaching an agreement with the prior
owners of its wholly owned subsidiary, CUI, Inc., to reduce the
balance remaining on the $14,000,000 term note used to acquire CUI
to $10,309,000 with an annual interest rate of 6%.  In addition,
those prior owners, IED, Inc., agreed to extend the maturity date
of the note by seven years, from May 2011 to May 2018.

The terms of the note revision call for Waytronx to make principal
payments to IED of $1,500,000 due on or before Dec. 1, 2010 and
$188,000 during the first quarter of 2011.  In exchange, IED has
agreed to immediately forgo $1,588,000 in principal and $725,000
in accrued interest.  Even more significantly, the agreement
extends what had been a short-term debt, due and payable in May
2011, to long-term debt, due and payable in May 2018.

In the meantime, IED has agreed to accept interest only payments
reducing Waytronx's monthly interest/principal expenses from a
high of approximately $400,000 per month immediately following the
acquisition of CUI to approximately $160,000 per month now.

Immediately following the acquisition of CUI in May 2008, Waytronx
was burdened with approximately $40,000,000 in debt and
interest/principal expense amounting to more than $400,000 per
month.  In the approximate two years since that acquisition, the
company has been able reduce to its total debt, excluding its
recently announced Wells Fargo working line-of-credit and Japanese
subsidiary debts, to less than $15,000,000 -- a total reduction of
more than $25,000,000.

Significantly, this dramatic reduction in debt was accomplished
with less than a twenty-six percent (26%) dilution to the company
and its current shareholders.

William Clough, chief executive officer and president of Waytronx,
stated, "The retirement and extension of this debt under these
circumstances demonstrates the confidence that these investors
have in our performance to-date and our plans moving forward.  The
company is grateful to these individuals for putting us in a
position where we can now service all of our debt from cash flow,
while continuing to focus on our core business and bringing
exciting new technologies to the market."

"We intend to continue our efforts to expand our product lines;
form strategic alliances with companies like Power One, California
Power Research, and GL Industrial Services; increase our market
share; and organically grow our business," Mr. Clough concluded.
"In short, we intend to continue to earn the confidence and trust
our investors and IED have placed in us."

                        About Waytronx Inc.

Based in Tualatin, Oregon, Waytronx, Inc. (OTCBB: WYNX) has
pioneered and is developing innovative thermal management
solutions capable of revolutionizing the semiconductor, solar and
electronic packaging industries, among others, utilizing its
patented WayCool(TM)/WayFast(TM) hybrid mesh architecture.  In
addition, through its acquisition of CUI in May 2008, Waytronx has
developed the infrastructure, expertise, and platform necessary to
acquire, develop, and commercialize new technologies.

CUI is a solutions provider of electromechanical components and
industrial controls for OEM manufacturing.  Since its inception in
1989, CUI has been delivering quality products, extensive
application solutions, and superior personal service.  CUI's solid
customer commitment and honest corporate message are a hallmark in
the industry.

The Company's balance sheet at March 31, 2010, showed
$38.5 million in assets, $33.7 million of liabilities, and
$4.8 million in stockholders' equity.

As reported in the Troubled Company Reporter on April 6, 2010,
Webb & Company, P.A., in Boynton Beach, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern after auditing the Company's financial statements
for the year ended December 31, 2009.  The independent auditors
noted that the Company has a net loss of $4.2 million and an
accumulated deficit of $54.8 million at December 31, 2009.  The
Company had an accumulated deficit of $55.9 million as of
March 31, 2010.


* Credit-Default Swaps Index Falls as Jobless Claims Decline
------------------------------------------------------------
Dawn McCarty at Bloomberg News reports that a gauge of corporate
credit risk in the U.S. fell a second day after a government
report showed applications for jobless benefits declined more than
forecast last week.  The Markit CDX North America Investment Grade
Index, a credit-default swaps benchmark that investors use to
hedge against losses on corporate debt or to speculate on
creditworthiness, declined 1 basis point to a mid-price of 104.5
basis points as of 1:29 p.m. September 9 in New York, according to
Markit Group Ltd.

Ms. McCarty relates that credit swaps typically fall as investor
confidence improves and rise as it deteriorates. They pay the
buyer face value if a borrower fails to meet its obligations, less
the value of the defaulted debt.


* Susheel Kirpalani One of Law360's Most Admired Attys
------------------------------------------------------
With an entrepreneurial spirit that helped build Quinn Emanuel
Urquhart & Sullivan LLP's bankruptcy and restructuring group from
scratch three years ago and a track record for getting favorable
results for creditors in complex Ch. 11 bankruptcies, Susheel
Kirpalani has earned a place among Law360's 10 Most Admired
Bankruptcy Attorneys.


* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                                                         Total
                                              Total     Share-
                                  Total     Working   Holders'
  Company          Ticker        Assets     Capital     Equity
  -------          ------        ------     -------   --------
AUTOZONE INC       AZO US       5,452.8      (293.1)    (462.0)
LORILLARD INC      LO US        3,140.0     1,654.0      (54.0)
DUN & BRADSTREET   DNB US       1,632.5      (475.7)    (783.9)
MEAD JOHNSON       MJN US       2,032.0       357.5     (509.3)
TAUBMAN CENTERS    TCO US       2,560.9         -       (510.5)
BOARDWALK REAL E   BEI-U CN     2,364.5         -        (64.6)
NAVISTAR INTL      NAV US       9,418.0     2,011.0   (1,040.0)
BOARDWALK REAL E   BOWFF US     2,364.5         -        (64.6)
CHOICE HOTELS      CHH US         390.2      (291.4)     (97.0)
WEIGHT WATCHERS    WTW US       1,090.1      (344.4)    (693.5)
SUN COMMUNITIES    SUI US       1,167.4         -       (123.0)
CABLEVISION SYS    CVC US       7,631.6         3.8   (6,183.6)
WR GRACE & CO      GRA US       4,053.3     1,257.7     (229.5)
UNISYS CORP        UIS US       2,714.4       366.1   (1,080.1)
TENNECO INC        TEN US       2,980.0       286.0      (47.0)
MOODY'S CORP       MCO US       1,957.7      (134.2)    (491.9)
IPCS INC           IPCS US        559.2        72.1      (33.0)
CABLEVISION SYS    CVY GR       7,631.6         3.8   (6,183.6)
UAL CORP           UAUA US     20,134.0    (1,590.0)  (2,756.0)
VECTOR GROUP LTD   VGR US         850.0       288.8      (19.6)
DISH NETWORK-A     DISH US      9,031.0       608.6   (1,580.3)
VENOCO INC         VQ US          709.1        14.1     (118.6)
HEALTHSOUTH CORP   HLS US       1,756.1       112.5     (429.9)
CHENIERE ENERGY    CQP US       1,769.5        37.3     (503.5)
NATIONAL CINEMED   NCMI US        725.5        90.2     (381.7)
OTELCO INC-IDS     OTT-U CN       333.3        25.6       (1.2)
PROTECTION ONE     PONE US        562.9        (7.6)     (61.8)
OTELCO INC-IDS     OTT US         333.3        25.6       (1.2)
THERAVANCE         THRX US        232.4       180.2     (126.0)
CARDTRONICS INC    CATM US        472.6       (25.3)      (2.1)
DISH NETWORK-A     EOT GR       9,031.0       608.6   (1,580.3)
JUST ENERGY INCO   JE-U CN      1,780.6      (470.0)    (279.3)
INCYTE CORP        INCY US        493.7       340.3     (104.8)
ARVINMERITOR INC   ARM US       2,817.0       313.0     (909.0)
DOMINO'S PIZZA     DPZ US         418.6        88.0   (1,263.1)
UNITED RENTALS     URI US       3,574.0        24.0      (50.0)
TEAM HEALTH HOLD   TMH US         828.2        80.0      (37.8)
BOSTON PIZZA R-U   BPF-U CN       110.2         2.3     (117.7)
KNOLOGY INC        KNOL US        648.0        48.7      (13.5)
REGAL ENTERTAI-A   RGC US       2,575.0      (219.7)    (283.5)
PETROALGAE INC     PALG US          6.1        (8.9)     (47.4)
FORD MOTOR CO      F US       183,156.0   (23,512.0)  (3,541.0)
GRAHAM PACKAGING   GRM US       2,096.9       228.4     (612.2)
WORLD COLOR PRES   WC CN        2,641.5       479.2   (1,735.9)
LIBBEY INC         LBY US         794.2       144.4      (11.7)
INTERMUNE INC      ITMN US        161.4        84.7      (46.5)
REVLON INC-A       REV US         776.3        76.9   (1,011.8)
WORLD COLOR PRES   WCPSF US     2,641.5       479.2   (1,735.9)
WORLD COLOR PRES   WC/U CN      2,641.5       479.2   (1,735.9)
AFC ENTERPRISES    AFCE US        114.5        (0.2)      (4.0)
SUPERMEDIA INC     SPMD US      3,261.0       522.0      (22.0)
SALLY BEAUTY HOL   SBH US       1,517.1       345.6     (523.9)
JAZZ PHARMACEUTI   JAZZ US         97.3       (24.2)     (16.3)
COMMERCIAL VEHIC   CVGI US        276.9       111.2      (10.4)
ALASKA COMM SYS    ALSK US        627.4        15.0      (11.3)
FORD MOTOR CO      F BB       183,156.0   (23,512.0)  (3,541.0)
BLUEKNIGHT ENERG   BKEP US        297.3      (431.2)    (149.9)
US AIRWAYS GROUP   LCC US       8,131.0      (220.0)    (168.0)
AMER AXLE & MFG    AXL US       2,027.7        31.7     (520.4)
RURAL/METRO CORP   RURL US        288.5        34.6     (101.2)
CENTENNIAL COMM    CYCL US      1,480.9       (52.1)    (925.9)
HALOZYME THERAPE   HALO US         51.5        38.3      (14.1)
LIONS GATE         LGF US       1,592.9      (783.4)      (1.6)
RSC HOLDINGS INC   RRR US       2,690.2      (120.0)     (33.8)
MORGANS HOTEL GR   MHGC US        774.4        50.5       (4.3)
MITEL NETWORKS C   MITL US        624.5       162.6      (48.1)
SINCLAIR BROAD-A   SBGI US      1,539.8        52.1     (170.4)
NPS PHARM INC      NPSP US        193.8       129.0     (179.5)
AMR CORP           AMR US      25,885.0    (2,015.0)  (3,930.0)
ACCO BRANDS CORP   ABD US       1,064.0       242.5     (125.6)
CC MEDIA-A         CCMO US     17,286.8     1,240.8   (7,209.3)
MANNKIND CORP      MNKD US        239.6        11.0     (137.7)
QWEST COMMUNICAT   Q US        18,959.0      (424.0)  (1,241.0)
CENVEO INC         CVO US       1,553.4       199.9     (183.8)
PDL BIOPHARMA IN   PDLI US        271.5       (66.5)    (434.9)
PALM INC           PALM US      1,007.2       141.7       (6.2)
ARQULE INC         ARQL US        118.5        53.9       (4.1)
PLAYBOY ENTERP-A   PLA/A US       189.0       (12.4)     (27.6)
VIRGIN MOBILE-A    VM US          307.4      (138.3)    (244.2)
PLAYBOY ENTERP-B   PLA US         189.0       (12.4)     (27.6)
WARNER MUSIC GRO   WMG US       3,655.0      (546.0)    (174.0)
CONSUMERS' WATER   CWI-U CN       887.2         3.2     (258.0)
GENCORP INC        GY US          963.4       140.3     (241.2)
SANDRIDGE ENERGY   SD US        3,128.7      (109.4)    (118.5)
EPICEPT CORP       EPCT SS         11.4         3.3      (10.2)
GLG PARTNERS-UTS   GLG/U US       400.0       156.9     (285.6)
GLG PARTNERS INC   GLG US         400.0       156.9     (285.6)
LIN TV CORP-CL A   TVL US         783.5        28.7     (156.5)
ABSOLUTE SOFTWRE   ABT CN         124.3        (5.1)      (2.6)
STEREOTAXIS INC    STXS US         50.9        (0.2)      (0.8)
EASTMAN KODAK      EK US        6,791.0     1,423.0     (208.0)
HOVNANIAN ENT-A    HOV US       1,909.8     1,264.2     (207.4)
EXELIXIS INC       EXEL US        419.7        12.8     (214.7)
GREAT ATLA & PAC   GAP US       2,677.1       (51.0)    (524.0)
MAGMA DESIGN AUT   LAVA US         74.6         9.6       (6.1)
ALEXZA PHARMACEU   ALXA US         71.3        21.0      (28.7)
IDENIX PHARM       IDIX US         77.2        38.1       (7.3)



                           *********

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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