TCR_Public/100917.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Friday, September 17, 2010, Vol. 14, No. 258

                            Headlines

6620 HAZELTINE: Case Summary & 14 Largest Unsecured Creditors
A & M GLOBAL: Voluntary Chapter 11 Case Summary
ALERE INC: S&P Assigns 'B-' Rating on $350 Mil. Senior Notes
AMBERTON APARTMENTS: Tanglewood St. Petersburg's Case Summary
ARCHWAY COOKIES: Payments to Supplier Weren't Preferential

ARTECITY PARK: To Get $2.7 Million Loan from Corus JV
ARTURO RUELAS: Case Summary & 20 Largest Unsecured Creditors
ASARCO LLC: Court OKs Charter Oak's $3.47 Mil. in Fees & Expenses
ASARCO LLC: Court OKs Transfer of Funds From TCEQ
ASARCO LLC: Plan Admin. Wants Until Nov. 19 to Object to Claims

ASCENDIA BRANDS: Can Access DIP Financing Until December 31
ASPEN DENTAL: S&P Assigns Corporate Credit Rating at 'B'
AZUSA WORLD: Files for Chapter 11 Bankruptcy Protection
AZUSA WORLD: Case Summary & 14 Largest Unsecured Creditors
BARRY COOPER: Case Summary & 20 Largest Unsecured Creditors

BISCAYNE HOLDINGS: Case Summary & 2 Largest Unsecured Creditors
BLYTH INC: Moody's Downgrades Corporate Family Rating to 'B2'
BRIARWOOD CAPITAL: Plan Exclusivity Hearing Continued Until Oct. 4
BRICKELL BAY: Case Summary & 6 Largest Unsecured Creditors
C&H ARIZONA: Plan Promises Full Payment for Unsecured Claims

CANAL CAPITAL: Posts $229,700 Net Loss in July 31 Quarter
CARE FOUNDATION: Plan of Reorganization Wins Court Approval
CHABAD-LUBAVITCH: Stonegate Wants to Proceed with Foreclosure
CHARLES BUTLER: Case Summary & 20 Largest Unsecured Creditors
CHC HELICOPTER: Moody's Assigns 'B1' Rating on $1.1-Bil. Notes

CHC HELICOPTER: S&P Assigns 'B+' Long-Term Corp. Credit Rating
CHEMTURA CORP: A&M Submits First Report on Chemtura Canada
CHEMTURA CORP: Wins Nod of Chartis Buyback Agreement
CHEMTURA CORP: Wins Nod of Florida Environmental Settlement
CIRTECH, INC.: Case Summary & 20 Largest Unsecured Creditors

CLAIM JUMPER: Organizational Meeting to Form Panel on Sept. 22
COAST INDEX: Case Summary & 20 Largest Unsecured Creditors
CONTECH CONSTRUCTION: S&P Junks Corporate Credit Rating From 'B-'
CORINTHIAN COURT: Case Summary & Largest Unsecured Creditor
DANIELLE THOMPSON: Case Summary & 20 Largest Unsecured Creditors

DIPAK DESAI: Committee Can Hire Kolesar & Leatham as Local Counsel
DOT VN: Posts $1.96 Million Net Loss in July 31 Quarter
EAST WEST RESORT: Submits Plan of Liquidation
EDGEN MURRAY: S&P Downgrades Corporate Credit Rating to 'B-'
ENERGAS RESOURCES: Posts $129,200 Net Loss in July 31 Quarter

ENERGY TRANSFER: Fitch Assigns 'BB' Rating on $1-Bil. Senior Notes
ENERGY TRANSFER: Moody's Affirms 'Ba1' Corporate Family Rating
EPIXTAR CORP: Reorganization Case Converted to Chapter 7
EVERTEC INC: S&P Assigns 'B-' Rating on $220-Mil. Senior Notes
EXPRESSWAY DEVELOPMENT: Court OKs $8.5-Mil. Sale of Property

FAIRVIEW CONSTRUCTION: Case Summary & Creditors List
FPD LLC: Gets Court's Interim Nod to Use Cash Collateral
FPD LLC: Gets Court's Interim Okay to Sell Homes
FRONTIER COMMUNICATIONS: Fitch Puts BB+ Rating on $190-Mil. Notes
FTI CONSULTING: S&P Rates $350 Mil. Senior Unsec. Notes at 'BB'

GC HOLDINGS: Case Summary & 8 Largest Unsecured Creditors
GENERAL GROWTH: Amends Employment Pacts With CEO & COO
GENERAL GROWTH: Elk Grove Has New Settlement With H.S. Wright
GILL & SURINDER: Case Summary & 16 Largest Unsecured Creditors
GOTTSCHALKS INC: Expects Wider Net Loss for July 31 2010 Qtr.

GRAPHIC PACKAGING: Fitch Expects to Rate Senior Bonds at 'B/RR4'
GRAPHIC PACKAGING: Moody's Assigns 'B3' Rating on $250 Mil. Notes
GRAPHIC PACKAGING: S&P Assigns 'B' Rating on $250 Mil. Notes
GREENWOOD ESTATES: Can Access Capmark's Cash Until September 30
GREYSTONE LOGISTICS: HoganTaylor LLP Raises Going Concern Doubt

HANSEN MEDICAL: Hires Deloitte & Touche as Independent Auditors
HANSEN MEDICAL: Posts $10.9 Million Net Loss in June 30 Quarter
HEALTHSOUTH CORP: Presents Strategy to Improve Liquidity
HELLER EHRMAN: Plan of Liquidation Wins Court Approval
HERITAGE STANDARD: Case Summary & 20 Largest Unsecured Creditors

HFG 231: Case Summary & 6 Largest Unsecured Creditors
HUNTER LAKES: Case Summary & Largest Unsecured Creditor
ICONIX BRAND: S&P Affirms Corporate Credit Rating at 'B+'
INFINISTAFF LLC: Case Summary & 4 Largest Unsecured Creditors
ISLAND ONE: Bay Harbour Interested in Investing

JACOBS FINANCIAL: Operating Losses Prompt Going Concern Doubt
JEFFRY FORCIER: Case Summary & 14 Largest Unsecured Creditors
JENNIFER DERVIS: Voluntary Chapter 11 Case Summary
JOHN CAHILL: Case Summary & 13 Largest Unsecured Creditors
KEVIN O'KEEFE: Case Summary & 20 Largest Unsecured Creditors

KNIGHT STOKES: Case Summary & 15 Largest Unsecured Creditors
KNOLOGY INC: Moody's Assigns 'B1' Rating on $770-Mil. Loan
KNOLOGY INC: S&P Assigns 'B+' Rating on $770 Mil. Senior Notes
KY USA: Case Summary & 20 Largest Unsecured Creditors
LEAP WIRELESS: Board Adopts Tax Benefit Preservation Plan

LIBERTY TIRE: Moody's Assigns 'B2' Corporate Family Rating
LINCOLN LOGS: Customers' Funds Are Not Property of the Estate
LINCOLNSHIRE CAMPUS: Promises to Pay Claims from Cash Proceeds
LINCOLNSHIRE CAMPUS: U.S. Trustee Amends Resident's Committee
LJVH HOLDINGS: S&P Puts 'B' Rating on CreditWatch Developing

LODGE AT BIG SKY: Voluntary Chapter 11 Case Summary
LUDIVINA NACIONALES: Case Summary & 16 Largest Unsecured Creditors
LYM, LLC: Case Summary & 8 Largest Unsecured Creditors
MADISYN NORTHEAST: Case Summary & 20 Largest Unsecured Creditors
MESA AIR: Asks for Approval of Employee Incentive Plan

MESA AIR: Proposes to Enter Into Equipment Lease Agreements
MESA AIR: To Assume Memphis-Shelby Airport Agreement
MGIC INVESTMENT: S&P Puts 'C' Rating on Junior Subordinated Debt
MICHAEL BERNARDINO: Case Summary & 17 Largest Unsecured Creditors
MIDWEST THEATRES: Case Summary & 20 Largest Unsecured Creditors

MORRIS CLARK: Case Summary & 20 Largest Unsecured Creditors
MOVING SOLUTIONS: Case Summary & 4 Largest Unsecured Creditors
NEXAIRA WIRELESS: Posts $1.1MM Net Loss in October 31 Quarter
NEXCEN BRANDS: Files Cert. of Dissolution in State of Delaware
NORM NOVITSKY: Case Summary & 11 Largest Unsecured Creditors

OAKHURST REALTY: Case Summary & Largest Unsecured Creditor
OAKVIEW HOMES: Case Summary & 8 Largest Unsecured Creditors
ODYSSEY PROPERTIES: Files Schedules of Assets and Liabilities
OSHKOSH CORP: S&P Assigns 'BB+' Rating on $1.2-Bil. Senior Loan
OSMOTICS CORPORATION: Case Summary & Creditors List

P & K U.S.A.: Case Summary & 16 Largest Unsecured Creditors
PACIFIC RIM: Posts $1.2 Million Net Loss in July 31 Quarter
PALISADES MEDICAL: Moody's Keeps 'Ba2' Rating on $39.3-Mil. Bonds
PEBBLE PAGE: Voluntary Chapter 11 Case Summary
R. JONATHAN KAPLAN: Case Summary & 20 Largest Unsecured Creditors

RIVIERA MARINE: Hearing on Chapter 15 Petition on October 8
RM STONEGATE: Case Summary & 4 Largest Unsecured Creditors
RMAA REAL ESTATE: Involuntary Chapter 11 Case Summary
ROBERT GRIFFIN: 10 Affiliates' Chapter 11 Case Summary
ROBINO-BAY COURT: Taps Ciardi to Handle Reorganization Case

ROBINO-BAY COURT: U.S. Trustee Unable to Form Creditors Committee
SCHUTT SPORTS: Riddell Inc. Wants to Pursue Lawsuit
SCHUTT SPORTS: DIP Financing, Cash Collateral Use Gets Interim Nod
SONOMA VINEYARDS: Court Extends Filing of Schedules Until Oct. 4
SONOMA VINEYARD: Section 341(a) Meeting Scheduled for Oct. 1

SOUTH TAHOE: Case Summary & 20 Largest Unsecured Creditors
STATES INDUSTRIES: Taps Ball Janik as Bankruptcy Counsel
STATES INDUSTRIES: Wants to Hire Inverness as Financial Advisor
STONEGATE SUNDANCE: Case Summary & 10 Largest Unsecured Creditors
SWIFT TRANSPORTATION: Moody's Affirms 'Caa1' Corp. Family Rating

TRADE SECRET: Blocks Bid to Remove CEO, Wins Sale Approval
TRUVO USA: To Explore Settlement with Creditors by Oct. 4
UNIGENE LAB: Shows New Strategy & Corporate Realignment
UNIVERSAL HEALTH: Fitch Assigns 'B+' Rating on $250-Mil. Notes
USG CORP: Contributes 3.2-Mil. Shares to Retirement Plan Trust

VICTOR VALLEY: Case Summary & 20 Largest Unsecured Creditors
VILLAGE GREEN: Rents Not Assigned Are Property of the Estate
VP WAREHOUSING: Case Summary & 7 Largest Unsecured Creditors
WARREN JOHNSON: Case Summary & 4 Largest Unsecured Creditors
WEST CORPORATION: Plans to Amend Senior Sec. Credit Facilities

WEST CORP: Moody's Assigns 'Ba3' Rating on $500-Mil. Loan
WEST CORP: S&P Assigns 'B' Rating on $500-Mil. Senior Notes
WIEN BAKERY: Case Summary & 8 Largest Unsecured Creditors
WILLIAM RAMAGE: Case Summary & 19 Largest Unsecured Creditors
WYNDHAM WORLDWIDE: Moody's Gives Pos. Outlook; Puts 'Ba1' Rating

YASMIN KASHANI: Case Summary & 20 Largest Unsecured Creditors

* August Bankruptcy Filings By Multi-Million Dollar Companies

* BOOK REVIEW: CORPORATE DEBT CAPACITY - A Study of Corporate Debt
               Policy and the Determination of Corporate Debt
               Capacity, A Business Classic

                            *********

6620 HAZELTINE: Case Summary & 14 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: 6620 Hazeltine Property, LLC
        7349 Suva Street, #24
        Downey, CA 90240

Bankruptcy Case No.: 10-49362

Chapter 11 Petition Date: September 15, 2010

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

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

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

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

A list of the Company's 14 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/cacb10-49362.pdf

The petition was signed by Soheil Naimi, managing member.


A & M GLOBAL: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: A & M Global, LLC
        4370 Lajolla Village Drive, Suite 650
        San Diego, CA 92122

Bankruptcy Case No.: 10-07982

Chapter 11 Petition Date: September 13, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Jacksonville)

Debtor's Counsel: Jason A Burgess, Esq.
                  THE LAW OFFICES OF JASON A. BURGESS, LLC
                  2350 Park Street
                  Jacksonville, FL 32204
                  Tel: (904) 521-9868
                  E-mail: jason@cwbfl.com

Scheduled Assets: $4,021,000

Scheduled Debts: $898,629

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

The petition was signed by Marc Mirbod, managing member.


ALERE INC: S&P Assigns 'B-' Rating on $350 Mil. Senior Notes
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' subordinated
debt rating to Waltham, Mass.-based Alere Inc.'s $350 million
senior subordinated notes due 2018, with a recovery rating of '6',
indicating negligible (0%-10%) recovery in the event of payment
default.  S&P also affirmed its 'B+' corporate credit rating on
Alere, and revised its rating outlook stable from positive.

"The ratings on Alere reflect the company's appetite for growth
through acquisitions, the uncertain prospects of the health
management business, and an 'aggressive' financial risk profile,"
explained Standard & Poor's credit analyst Arthur Wong.  Alere's
broadening portfolio of professional diagnostic products partially
offsets these concerns.

Alere's portfolio of offerings is led by its Professional
Diagnostics segment (65% of overall revenues).  This segment
provides a variety of rapid diagnostic tests and equipment for
medical professionals for use in hospitals, doctors' offices, and
the point-of-care market.  The remaining third of Alere's revenues
primarily consists of health management services, an area where
the company has also grown via acquisitions.  The health
management business mainly offers patient self-testing services,
oncology, and women's and children's health disease management
services, which complement Alere's focus on developing rapid
diagnostic tests for these therapeutic areas


AMBERTON APARTMENTS: Tanglewood St. Petersburg's Case Summary
-------------------------------------------------------------
Debtor: Tanglewood St. Petersburg Limited Partnership
          aka Tanglewood Apartments
          fka RSG Family Limited Partnership - Tanglewood
        P.O. Box 990460
        Naples, FL 34116

Bankruptcy Case No.: 10-22184

Chapter 11 Petition Date: September 15, 2010

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

Debtor's Counsel: Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & PROSSER
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: (813) 229-0144
                  Fax: (813) 229-1811
                  E-mail: sstichter.ecf@srbp.com

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

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

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-22184.pdf

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Amberton Apartments, LLC                  10-03402        02/18/10
Central Park II, LLC                      10-03572        02/19/10
Central Park/Vogue Limited Partnership    10-03566        02/19/10
Lincoln Square Lakeland, LLC              10-8756         04/15/10
Norton Clearwater Limited Partnership     10-10989        05/07/10
Oakwood Palmetto, LLC                     10-10980        05/07/10
RSG Family - RiverTree Landing            10-03604        02/19/10
Apartments, LLC
RSG Family Limited Partnership Immokalee  10-10987        05/07/10
Terrace Point Apartments I, LLC           10-7946         04/05/10
Terrace Point Apartments II, LLC          10-7947         04/05/10
Terrace Point Apartments III, LLC         10-7949         04/05/10
Woodlawn Apartments, LP                   10-10990        05/07/10

The Tanglewood petition was signed by Suzanne and Stephen Glas,
co-trustees.


ARCHWAY COOKIES: Payments to Supplier Weren't Preferential
----------------------------------------------------------
WestLaw reports that payments by Archway Cookies LLC and Mother's
Cake & Cookie Co. to its supplier, Detroit Forming, Inc., were
made in the ordinary course of business and, thus, were not
avoidable.  The supplier was in the business of producing plastic
trays for use in the food industry, and the debtors purchased the
trays for such use.  The parties' business relationship lasted
over two years and involved 117 transactions.  The transactions
made in the historical period were sufficiently similar to those
made in the preference period, as there was no evidence that the
amounts paid by the debtor during the preference period were
inconsistent with their historical practices, all 117 payments
were made by check, and the supplier's practices of pressuring the
debtors into payment were consistent with their historical
dealings.  In addition, the 107 transfers that occurred during the
historical period were made between 21 and 177 days after the
issuance of invoices, with an average days-to-pay of 42.3 days,
while the ten transfers made in the preference period ranged from
41 to 64 days after the issuance of invoice, with an average of
47.2 days-to-pay.  In re Archway Cookies, --- B.R. ----, 2010 WL
3448549 (Bankr. D. Del.) (Sontchi, J.).

A copy of the Honorable Christopher S. Sontchi's Opinion dated
Sept. 2, 2010, is available at:

     http://www.leagle.com/unsecure/page.htm?shortname=inbco20100901601

Based on Judge Sontchi's summary judgment ruling, the estates
won't recover $180,648 paid to Detroit Forming prior to the
petition date.

Detroit Forming is represented by:

         Stuart A. Lebenbom, Esq.
         LEBENBOM & ROTHMAN, P.C.
         2701 Troy Center Drive, Suite 450
         Troy, MI 48084
         Telephone: 248-519-1000

              - and -

         Ian Connor Bifferato, Esq.
         Thomas F. Driscoll, III, Esq.
         Kevin G. Collins, Esq.
         BIFFERATO LLC
         P.O. Box 2165
         Wilmington, DE 19899-2165
         Telephone: 302-225-7600

Headquartered in Battle Creek, Michigan, Archway Cookies, LLC, --
http://www.archwaycookies.com/-- makes soft-baked cookies. And
crackers.  In 1998, Specialty Foods Corp. acquired the Debtors'
for about $100 million.  Parmalat Finanziaria of Italy acquired
Mother's Cake and Cookie Company and Archway Cookies from The
Specialty Foods Acquisition Corporation for $250 million in
2000.  Parmalat later sold its North American Bakery Group,
which includes the Archway brands, Mother's brands and the
U.S. and Canadian private label cookie businesses, to the
private equity firm Catterton Partners and their operating
partner Insight Holdings in 2005.

Archway Cookies sought Chapter 11 protection (Bankr. D. Del.
Case No. 08-12323) on Oct. 6, 2008.  Its affiliate, Mother's
Cake & Cookie Co. also sought bankruptcy (Bankr. D. Del. Case
No. 08-12326).  Michael R. Lastowski, Esq., at Duane Morris,
LLP, represented the Debtors.  In their bankruptcy petitions,
the Debtors estimated their assets at $50 million to $100
million and their debts at $500 million and $1 billion.

On January 8, 2009, the Court approved the request of the Debtors
to convert their Chapter 11 cases to Chapter 7 liquidation
proceedings, effective as of January 21, 2009, at 5:00 p.m.
Jeoffrey L. Burtch serves as the Chapter 7 Trustee and is
represented by Robert W. Pedigo, Esq., and M. Claire McCudden,
Esq., at Cooch & Taylor, P.A., in Wilmington, Del.


ARTECITY PARK: To Get $2.7 Million Loan from Corus JV
-----------------------------------------------------
Brian Bandell at South Florida Business Journal reports that a
federal judge approved an agreement between Artecity Management
and lender Corus Construction Venture, a joint venture between the
Federal Deposit Insurance Corp. and Starwood Capital Group.

Artecity owns the partially completed, 202-unit condominium
development in Miami Beach.

Under the agreement, Corus will lend the Company $2.7 million at
6% interest for the purpose of completing construction of the
Company's two condominium towers.  The loan is due in one year.
Corus owes $45.2 million from the original mortgage, which is
subject of a foreclosure lawsuit filed in March 2010.

Proceeds from the sale of the remaining 120 condominium units must
go to pay what Corus is owed.  The developers and officers cannot
collect their management fees unless the Corus loan is repaid in
full.

Miami Beach, Florida-based Artecity Park LLC filed for Chapter 11
bankruptcy protection on July 26, 2010 (Bankr. S.D. Fla. Case No.
10-31410).  Thomas R. Lehman, Esq., who has an office in Miami,
Florida, assists the Company in its restructuring effort.  The
Company estimated $50 million to $100 million in assets and
$10 million to $50 million in debts in its Chapter 11 petition.

Affiliates Artecity Governor LLC, Artecity Holding LTD, and
Artecity Management LLC also filed for Chapter 11.


ARTURO RUELAS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Arturo Buenrostro Ruelas
               Gloria Elena Buenrostro
               10231 Singleton Road
               San Jose, CA 95111

Bankruptcy Case No.: 10-59538

Chapter 11 Petition Date: September 13, 2010

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

Judge: Charles Novack

Debtors' Counsel: Scott J. Sagaria, Esq.
                  LAW OFFICES OF SCOTT J. SAGARIA
                  333 W. San Carlos Street, #1700
                  San Jose, CA 95110
                  Tel: (408) 279-2288
                  E-mail: sjsagaria@sagarialaw.com

Scheduled Assets: $1,181,388

Scheduled Debts: $3,053,436

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-59538.pdf


ASARCO LLC: Court OKs Charter Oak's $3.47 Mil. in Fees & Expenses
-----------------------------------------------------------------
U.S. Bankruptcy Judge Richard Schmidt separately awarded five
professionals their final fees and expenses in these amounts:

                                              Allowed Fees
Professional               Fee Period         and Expenses
------------               ----------         ------------
Charter Oak Financial     06/08/07 to           $3,472,626
Consultants, LLC          12/09/09

Legal Analysis            03/10/06 to            1,733,155
Systems, Inc.             12/09/09

David P. Anderson         04/11/05 to              142,673
                           11/30/09

Jennings Strouss &        10/05/09 to               28,800
Salmon, P.L.C.            12/09/09

The Law Offices of        12/05/07 to                8,989
Dean Baker                12/09/09

Charter Oak served as financial advisors, Mr. Anderson served as
insurance advisor, and Jennings Strouss served as special
counsel, for the Official Committee of Asbestos Claimants.

Dean Baker served as the Asbestos Committee's local Connecticut
counsel, while Legal Analysis served as asbestos claims
consultant.

              ASARCO Objects to SBEP's Enhanced Fees

ASARCO LLC, Asarco Incorporated and Americas Mining Corporation
ask the Court to deny Stutzman, Bromberg, Esserman & Plifka's Fee
Enhancement Application in its entirety; deny in part the firm's
Final Fee Application and reduce the award by $3,335,784; and
deny both SBEP's fee supplements.

SBEP served as counsel for the Official Committee of Asbestos
Claimants.

Confirming and consummating the Parent's full-payment plan was
undoubtedly a successful conclusion to the ASARCO bankruptcy
proceedings, and each professional should receive fair and
reasonable compensation for the part that it played in reaching
that successful conclusion, Charles A. Beckham, Jr., Esq., at
Haynes and Boone, LLP, in Houston, Texas, avers.

SBEP represented to the Court and the Asbestos Committee that it
was receiving fair, reasonable, and market-based compensation as
reflected in their full standard hourly rates, as unilaterally
and regularly increased during the course of the bankruptcy, Mr.
Beckham points out.  He notes that SBEP made full billing of time
worked on the bankruptcy cases with no discounts.

Particularly in light of these admissions, Mr. Beckham argues,
SBEP's Second Fee Supplement oversteps the boundaries of both
fairness and reason.  He contends that SBEP is not entitled to
fees and expenses incurred in defending its Final Fee Application
or its Fee Enhancement Application.

                         SBEP Talks Back

SBEP says that through the Second Fee Supplement, it updated
certain estimated fees and expenses to include the actual fees
and expenses incurred in connection with the defense of its Final
Fee Requests for the period from June 21, 2010, through and
including July 31, 2010.  The estimates in the Second Fee
Supplement replace the $90,000 estimate sought in the Esserman
Affidavit.

The issue of whether SBEP is entitled to receive compensation for
the fees and expenses incurred in defending its Final Fee
Application was litigated in connection with the hearings on
SBEP's Final Fee Requests and thus, ASARCO's objection is
unnecessary, Sander L. Esserman, Esq., at Stutzman, Bromberg,
Esserman & Plifka, in Dallas, Texas, tells Judge Schmidt.  He
points out that ASARCO has admitted that it is obligated to pay
the allowed fees and expenses that SBEP, and other professionals,
incurred in defending their final fee applications before the
Court.

"This new position is entirely inconsistent with the position
taken by Reorganized ASARCO during the months of hearings on its
various fee objections, and Reorganized ASARCO cannot reverse
course and now argue that SBEP is not entitled recover the fees
and expenses incurred in defending its Final Fee Application,"
Mr. Esserman argues.

Mr. Esserman points out that because ASARCO has already agreed to
pay SBEP's allowed fees and expenses associated with defending
its Final Fee Application, ASARCO's objection to the payment of
those fees should be overruled.  He adds that because this issue
has already been litigated before the Court, and the Second Fee
Supplement merely supplements the fees and expenses requested by
SBEP's Final Fee Requests, the Court does not need to set a
hearing on the Second Fee Supplement.

           Barclays Insists on Discretionary Fee

Barclays Capital PLC is seeking a $9.2 million "discretionary" fee
on top of the $13.6 million ordinary fee it earned for its role as
a financial adviser during the bankruptcy case.

Janet M. Weiss, Esq., at Gibson, Dunn & Crutcher LLP, in
New York -- jweiss@gibsondunn.com -- contends that the Court
properly approved Barclays' engagement letter, which provides that
Lehman Brothers Inc.'s services should be considered in
determining the award of the discretionary fee to Barclays.  She
argues that Asarco Inc. attempts to deflect attention from its
weak position by:

  -- attacking the Court's final, non-appealable Retention
     Order;

  -- making false accusations against Barclays;

  -- questioning the legitimacy of the transfer by Lehman of its
     rights under its engagement letters with the Debtors; and

  -- ignoring the language of the engagement letters.

The Parent's attack on the Retention Order is barred by the
principles of res judicata and the law of the case, Ms. Weiss
contends.  She notes that in issuing the Retention Order, the
Court overruled the Parent's objection to the retention, and
retained Barclays pursuant to the engagement letter.  The Parent
did not appeal and therefore, the Parent cannot now attack that
binding order, she adds, among other things.

             ASARCO Replies to Barclay's Assertion

Barclays' response represents a manifest misunderstanding of the
Supplemental Brief, ASARCO and the Parent tell Judge Schmidt.
With this reply, ASARCO says it aims to clarify for Barclays and
reiterate for the Court the Supplemental Brief's purpose and
ASARCO's overarching position as to Barclays' Fee Enhancement
Application.

"[Barclays] must not have read the eight-page Supplemental Brief
before devoting twenty-one pages and two never-before-produced
documents to respond," Mr. Beckham argues.  "The Supplemental
Brief had a very limited purpose -- to address several of
BarCap's arguments and theories unveiled for the first time in
its proposed Findings of Fact and Conclusions of Law," he
explains.

Mr. Beckham alleges that in Barclays' Proposed Findings, for the
first time, Barclays "explained" its assignment theory -- namely,
how Barclays can reap the benefits while discarding the burdens
of Lehman Brothers Inc.'s engagement.  He contends that the
"factual" basis for this assignment theory remains muddled,
largely because of Barclays' persistent conflation of the timing
of Barclays and Lehman's respective roles and contractual
obligations.

What is not proper is Barclays' belated attempt to re-open the
evidence after trial, closing, and the submission of proposed
findings of fact and conclusions of law with never-before-
produced documents in a desperate attempt to plug major gaps in
Barclays' basic elements of proof, Mr. Beckham says.  He insists
that the Court should exclude Barclays' late-filed documents;
but, even if the Court does not exclude them, Barclays' motion
for a fee enhancement should be denied.

            Status Report on Fee-Related Requests

At Judge Richard Schmidt's behest, Reorganized ASARCO LLC, Asarco
Incorporated and Americas Mining Corporation filed with the Court
a report relating to the various contested fee applications, fee
enhancement requests, and substantial contribution motions.

ASARCO and the Parent subsequently filed two amended Status
Reports.

The Status Report provides, among other things, that several of
the contested requests have been resolved, while others are still
under advisement.

A copy of the latest Status Report dated September 3, 2010, can
be obtained for free at:

   http://bankrupt.com/misc/ASARCO_Report_Fees_09032010.pdf

                          About Asarco LLC

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

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

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

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


ASARCO LLC: Court OKs Transfer of Funds From TCEQ
-------------------------------------------------
Project Navigator Ltd., the Custodial Trustee of the Texas
Custodial Trust, sought and obtained an order from U.S. Bankruptcy
Judge Richard Schmidt instructing the Texas Commission on
Environmental Quality to transfer funds received from a settlement
of its claim for remediation of residential properties with ASARCO
LLC to the Trust's account.

Mary W. Koks, Esq., at Munsch Hardt Kopf & Harr, P.C., in
Houston, Texas -- mkoks@munsch.com -- relates that the U.S.
Environmental Protection Agency and the TCEQ filed proofs of
claim in the Debtors' bankruptcy cases for remediation of
residential properties in neighborhoods immediately adjacent to
ASARCO's El Paso Smelting facility.

Pursuant to a settlement of those claims, the TCEQ was awarded
$493,289, which is based on 10% of the EPA's approved settlement.

Ms. Koks asserts that the funds from the settlement with ASARCO
are earmarked for remediation of ASARCO's smelting facilities in
El Paso and Amarillo, in Texas.  Thus, she says, the funds should
be transferred by the TCEQ into the Custodial Trust Account.

                          About Asarco LLC

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

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

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

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


ASARCO LLC: Plan Admin. Wants Until Nov. 19 to Object to Claims
---------------------------------------------------------------
Mark A. Roberts of Alvarez and Marsal North America LLC,
reorganized Asarco's Plan Administrator, asks the U.S. Bankruptcy
Court for the Southern District of Texas to extend the time by
which he can file objections to claims pursuant to Section 14.2
of the Confirmed Plan of Reorganization and Rule 9006(b)(1)(1) of
the Federal Rules of Bankruptcy Procedure, through and including
November 19, 2010.

The current Claims Objection Deadline will expire on September 17,
2010.

Dion W. Hayes, Esq., at McGuirewoods LLP, in Richmond, Virginia,
tells the Court that the Plan Administrator is concerned that
unmeritorious claims might be allowed merely by the passage of
time.  He avers that the requested extension will not prejudice
the holders of Disputed Claims because Postpetition Interest
continues to accrue and will be paid on the Allowed Amount, if
any, of a Disputed Class 3 Claim, if and when it becomes an
Allowed Claim.

Mr. Hayes assures the Court that the Plan Administrator and
Reorganized ASARCO LLC will not use the sought extension to delay
payment to claimants, who are appropriately entitled to
distributions under the Confirmed Plan.

As per the minutes of a September 13, 2010 hearing, the Plan
Administrator's extension request "has been agreed to," and an
"order to that effect will follow within 10 days."

                          About Asarco LLC

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

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

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

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


ASCENDIA BRANDS: Can Access DIP Financing Until December 31
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended,
for the thirteenth time, the terms of the Final DIP Financing
Order authorizing Ascendia Brands Inc., et al., to obtain
postpetition financing from Wells Fargo Foothills, Inc.

The Court extended the Debtors' access to the DIP financing to
fund their postpetition expenses until December 31, 2010.  The
terms of the order were negotiated in good faith and at arm's-
length among the Debtors, Wells Fargo as DIP agent, and the DIP
lenders.

As reported in the Troubled Company Reporter on Sept. 11, 2008,
Judge Brendan L. Shannon authorized the Debtors to obtain, on a
final basis, up to $26,428,000 in postpetition financing, pursuant
to a DIP loan agreement dated Aug. 5, 2008.  A full-text copy of
the Debtors' DIP loan agreement dated Aug. 5, 2008, is available
for free at http://ResearchArchives.com/t/s?3083

                       About Ascendia Brands

Headquartered in Hamilton, New Jersey, Ascendia Brands, Inc. --
http://www.ascendiabrands.com/-- was, prior to the sale of
substantially all of its assets during bankruptcy, a manufacturer
and seller of branded and private labeled health and beauty care
products in North America, including Baby Magic, Binaca, Mr.
Bubble, Calgon, Ogilvie, the healing garden, Lander and Lander
Essentials.  Remaining assets consist almost entirely of accounts
receivable.

The Company and six of its affiliates filed for Chapter
11 protection on August 5, 2008 (Bankr. D. Del. Lead Case No.
08-11787).  Kenneth H. Eckstein, Esq., and Robert T. Schmidt,
Esq., at Kramer Levin Naftalis & Frankel LLP, represent the
Debtors in their restructuring efforts.  M. Blake Cleary, Esq.,
Edward J. Kosmoswki, Esq., and Patrick A. Jackson, Esq., at Young,
Conaway, Stargatt & Taylor, LLP, serve as the Debtors' Delaware
counsel.  Epiq Bankruptcy Solutions LLC is the notice, claims and
balloting agent to the Debtors.

At July 5, 2008, Ascendia Brands, Inc., had $194,800,000 in total
assets and $279,000,000 in total debts.


ASPEN DENTAL: S&P Assigns Corporate Credit Rating at 'B'
--------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B'
corporate credit rating to East Syracuse, New York-based Aspen
Dental Management Inc.  At the same time, S&P assigned its 'B+'
issue-level debt rating to the company's proposed revolving credit
facility maturing 2015; a 'B+' issue-level rating to the first-out
term loan facility maturing 2016; with both facilities assigned a
recovery rating of '2', indicating the prospects for substantial
(70%-90%) recovery in the event of payment default.  S&P assigned
its 'CCC+' issue-level debt rating to the last-out term loan
facility maturing 2016 with a recovery rating of '6,' indicating
the prospects for negligible (0-10%) recovery in the event of
payment default.  The rating outlook is stable.

"The speculative-grade ratings on Aspen Dental Management Inc.
reflect the risks tied to its narrow business focus, rapid growth
and high debt leverage," said Standard & Poor's credit analyst
Jack Harcourt.

Aspen Dental's weak business risk profile reflects its narrow
business focus, exclusively in dentistry, its concentration on a
specific patient niche, and a business model of uncertain
durability as the company expands rapidly over time.  Aspen Dental
has doubled revenues just in the past several years through de
novo expansion, and currently operates 254 locations in 21 states,
primarily in the Northeast and Midwest.  Through long-term
business service agreements, Aspen Dental provides dentists with
the opportunity to establish and own their own professional
corporations.  Aspen Dental provides practice support
infrastructure to dental professionals, who seek to focus on the
clinical aspects of dentistry, and who want to be relieved of the
wide range of commercial responsibilities associated with a
running a dental practice.  Although the company has grown rapidly
from only 13 clinics in 1998, management could be challenged by
the complexities associated with recent growth, including an
additional 55 de novo projects in 2010.


AZUSA WORLD: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------
Azusa World Ministries, also known as AZUSA World Ministries
Community Church filed for Chapter 11 protection (Bankr. D. Ariz.
Case No. 10-29299) on September 14, 2010.  AZUSA is a non-profit
religious corporation.  The Debtor estimated assets and debts of
$1 million to $10 million in its Chapter 11 petition.

Ray Stern at Phoenix NewTimes reports that AZUSA owes commercial
real estate firm Greenfield Warner LLC.  AZUSA World failed to
timely filed a 2010 corporate report.


AZUSA WORLD: Case Summary & 14 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Azusa World Ministries
          aka AZUSA World Ministries Community Church
        5109 W Thomas Road
        Phoenix, AZ 85031

Bankruptcy Case No.: 10-29299

Chapter 11 Petition Date: September 14, 2010

About the Debtor: AZUSA World Ministries is a non-profit religious
                  corporation.

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

Judge: Sarah Sharer Curley

Debtor's Counsel: Irena Juras, Esq.
                  JURAS LAW FIRM, PLC
                  7150 E. Camelback Road, Suite 444
                  Scottsdale, AZ 85251
                  Tel: (480) 425-2009
                  Fax: (480) 452-1640
                  E-mail: irena@juraslaw.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 14 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/azb10-29299.pdf

The petition was signed by Dr. Alfred Earl Craig, Sr., president.


BARRY COOPER: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Barry Lee Cooper, Sr.
               Linda Lee Cooper
               14755 Reef Court
               Jacksonville, FL 32226

Bankruptcy Case No.: 10-07980

Chapter 11 Petition Date: September 13, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Jacksonville)

Debtor's Counsel: Jason A. Burgess, Esq.
                  THE LAW OFFICES OF JASON A. BURGESS, LLC
                  2350 Park Street
                  Jacksonville, FL 32204
                  Tel: (904) 521-9868
                  E-mail: jason@cwbfl.com

Scheduled Assets: $920,270

Scheduled Debts: $1,214,523

A list of the Joint Debtors' 20 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/flmb10-07980.pdf


BISCAYNE HOLDINGS: Case Summary & 2 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Biscayne Holdings 3553, LLC
        3553 NW 50 Street
        Miami, FL 33142

Bankruptcy Case No.: 10-37616

Chapter 11 Petition Date: September 15, 2010

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

Judge: Laurel M. Isicoff

Debtor's Counsel: James B. Miller, Esq.
                  19 W. Flagler Street, #416
                  Miami, FL 33130
                  Tel: (305) 374-0200
                  Fax: (305) 374-0250
                  E-mail: bkcmiami@gmail.com

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

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

A list of the Company's 2 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-37616.pdf

The petition was signed by Harold Miller, president and chairman.


BLYTH INC: Moody's Downgrades Corporate Family Rating to 'B2'
-------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Blyth, Inc.,
including the company's corporate family rating and probability of
default rating to B2 from B1.  In addition, the rating on Blyth's
$100 million senior unsecured notes due November 2013 was
downgraded to B3 from B2.  The rating outlook is stable.

These ratings of Blyth were downgraded (LGD point estimate
revised):

  -- Corporate family rating to B2 from B1,

  -- Probability of default rating to B2 from B1, and

  -- $100 million 5.5% Senior Unsecured Notes due November 2013 to
     B3 (LGD5; 73%) from B2 (LGD5; 74%).

The outlook is stable.

                        Ratings Rationale

"The downgrade in Blyth's ratings reflects continued material
sales declines within the company's PartyLite U.S. and Canadian
business due to a deteriorating consultant count, lower consultant
productivity, lower discretionary spending and increased
competition from other direct sellers," says Moody's Vice
President and Senior Credit Officer Janice Hofferber.
"Furthermore, sales in PartyLite's European business, which has
until recently performed relatively well, have come under pressure
from economic weakness in the region as well as a significant
decline in the growth rate in active representatives," adds Ms.
Hofferber.  Blyth is facing other significant challenges including
a poor housing and job market that has affected sales of more
discretionary purchases of home d‚cor and giftware sales, as well
as the secular decline of catalog circulation.

Blyth's B2 rating reflects the competitive nature of the company's
direct selling candle business in the U.S. and Canada, recently
weakened growth prospects in maturing European markets, and the
highly discretionary nature of the majority of its home
expressions products that are sold through catalog and internet
channels of distribution.  Modest leverage, a strong cash position
and minimal near-term debt maturities help to offset these risks.
Nevertheless, Moody's expects that consumer discretionary spending
(even on relatively low priced goods) will remain subdued as the
economy recovers slowly and competition for sales consultants will
remain intense in its U.S. and Canadian direct selling businesses.
While the company's past emphasis on share repurchases and
acquisitions has moderated and its dividend policy is now quite
conservative, Moody's still expect the company's financial
policies to favor shareholders given the large concentration of
ownership by the Goergen family.

Moody's could downgrade Blyth's ratings if the company's sales
continue to deteriorate.  Specifically, ratings could be
downgraded if Debt-to-EBITDA exceeded 4.5 times and Free Cash
Flow-to-Debt deteriorated to single digit levels.  The pursuit of
a more aggressive financial strategy or significant deterioration
in the company's liquidity profile could also result in a
downgrade.

Moody's could revise the outlook to positive and/or upgrade the
company's ratings if sales declines moderate and profitability is
sustained in all major geographic markets and product categories.
In addition, Blyth would need to maintain appropriate financial
policies with respect to share repurchases and acquisitions.

Headquartered in Greenwich, Connecticut, Blyth, Inc., designs,
manufactures and markets a line of candles and home fragrance
products, tabletop heating products, candle accessories and home
decor and giftware products under brand names such as PartyLite,
Miles Kimball, Colonial Candle, Walter Drake and Sterno.  Products
are sold through home parties, catalogs, internet and retailers in
North America, Europe and Australia.  The company's three
segments, direct selling, catalog & internet, and wholesale
account for approximately 66%, 18%, and 16% of annualized
revenues, respectively.  Total sales for the last twelve month
period ending July 31, 2010 were approximately $926 million.


BRIARWOOD CAPITAL: Plan Exclusivity Hearing Continued Until Oct. 4
------------------------------------------------------------------
The Hon. Peter W. Bowie of the U.S. Bankruptcy Court for the
Southern District of California has continued until October 4,
2010, at 11:00 a.m., the hearing to consider Briarwood Capital,
LLC's request to extend its exclusive periods.

The Debtor asked the Court to extend its exclusive periods to
file and solicit acceptances for a proposed Chapter 11 Plan
until August 27, 2010, and October 26, respectively.

Rancho Santa Fe, California-based Briarwood Capital, LLC, filed
for Chapter 11 bankruptcy protection on February 23, 2010 (Bankr.
S.D. Calif. Case No. 10-02677).  Jeffry A. Davis, Esq., at Mintz
Levin Cohn Ferris Glovsky & Popeo, assists the Company in its
restructuring effort.  In its schedules, the Debtor disclosed
$292,798,759 in assets and $18,563,641 in liabilities as of the
Petition Date.


BRICKELL BAY: Case Summary & 6 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Brickell Bay Entertainment and Development Company
        810 Brickell Bay Drive, # 12
        Miami, FL 33131

Bankruptcy Case No.: 10-37660

Chapter 11 Petition Date: September 15, 2010

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

Judge: A. Jay Cristol

Debtor's Counsel: Michael L. Schuster, Esq.
                  100 SE 2 Street, 44 Floor
                  Miami, FL 33131
                  Tel: (305) 349-2300
                  E-mail: mschuster@gjb-law.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 six largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/flsb10-37660.pdf

The petition was signed by Juan Barroso Pino, president and sole
shareholder.


C&H ARIZONA: Plan Promises Full Payment for Unsecured Claims
------------------------------------------------------------
The Hon. Randolph J. Haines of the U.S. Bankruptcy Court for the
District of Arizona will convene a hearing on September 28, 2010,
3:00 p.m., to consider the adequacy of the disclosure statement
explaining C&H Arizona-Stucky, LLC's Plan of Reorganization.
Objections, if any, are due on September 20.

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

According to the Disclosure Statement, the Plan provides that
secured claims will be paid in full over a five-year period.
General unsecured claims will be paid in full, with interest, in
two installments.  The first installment of 50% of the principal
and all accrued interest will be paid on the Effective Date.  The
second installment of all remaining principal and all accrued
interest will be paid six months after the Effective Date.
Administrative convenience claims (claims of $9,000 or less) will
be paid in full on the Effective Date.

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

                   About C&H Arizona-Stucky, LLC

Walnut Creek, California-based C&H Arizona-Stucky, LLC, is the
owner and current operator of a 113,071 square feet retail
shopping center located at 15440 North Scottsdale Road,
Scottsdale, Arizona.  The Company filed for Chapter 11 bankruptcy
protection on July 7, 2010 (Bankr. D. Ariz. Case No. 10-21165).
Simbro & Stanley, PLC, assists the Debtor in its restructuring
effort.  The Company disclosed $18,064,966 in assets and
$9,167,574 in liabilities as of the Petition Date.


CANAL CAPITAL: Posts $229,700 Net Loss in July 31 Quarter
---------------------------------------------------------
Canal Capital Corporation filed its quarterly report on Form 10-Q,
reporting a net loss of $229,683 on $402,671 of revenue for the
three months ended July 31, 2010, compared with a net loss of
$258,737 on $569,621 of revenue for the same period ended July 31,
2009.

The Company's balance sheet at July 31, 2010, showed $3.27 million
in total assets, $3.11 million in total liabilities, and
stockholders' equity of $152,069.

The Company has suffered recurring losses from operations and is
obligated to continue making substantial annual contributions to
its defined benefit pension plan.  The Company says these factors
cast substantial doubt about its ability to continue as a going
concern.

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

               http://researcharchives.com/t/s?6b3b

                       About Canal Capital

Port Jefferson Station, N.Y.-based Canal Capital Corporation is
engaged in two distinct businesses -- real estate and stockyard
operations.

Canal's real estate properties are located in Sioux City, Iowa,
South St Paul, Minnesota, St Joseph, Missouri, Omaha, Nebraska and
Sioux Falls, South Dakota.  The properties consist, for the most
part, of an Exchange Building (commercial office space), land and
structures leased to third parties (rail car repair shops, lumber
yards and various other commercial and retail businesses) as well
as vacant land available for development or resale.

Canal currently operates one central public stockyard located in
St. Joseph, Missouri.  Canal closed the stockyard it operated in
Sioux Falls, South Dakota in December 2009.


CARE FOUNDATION: Plan of Reorganization Wins Court Approval
-----------------------------------------------------------
The Hon. Keith M. Lundin of the U.S. Bankruptcy Court for the
Middle District of Tennessee confirmed Care Foundation of America,
Inc., et al.'s Plan of Reorganization, amended for the second
time.

As reported in the Troubled Company Reporter on June 2, 2010,
according to the Disclosure Statement, the Debtors propose to
pay, in full, the (a) Class 1 -- Secured Claim of NHI, (b) Class 2
-- Other Secured Claims, (c) Class 3 -- Administrative Convenience
Claims, (d) Class 4 -- General Unsecured Claims, (e) Class 5 --
Tort Claims, and (f) Class 6 -- Tenant Claims.

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

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

                  About Care Foundation of America

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

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

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


CHABAD-LUBAVITCH: Stonegate Wants to Proceed with Foreclosure
-------------------------------------------------------------
Alexander Clough, staff writer at the Palm Beach Posts, reports
that Stonegate Bank asked a federal bankruptcy court for authority
to proceed with its foreclosure lawsuit against Boynton Beach
despite the Chapter 11 bankruptcy filing in June 2010.  The bank
argued that the bankruptcy filing was done in bad faith and was
simply a bid to stall for more time.  The bank said it wants to
get Boynton's property and assets -- including the congregation's
five torahs -- to pay off a delinquent loan.  A hearing on the
bank's motion is set for Sept. 24, 2010.

Chabad-Lubavitch of Boynton Beach and Congregation Chabad
Lubavitch of Greater Boynton Beach filed for Chapter 11 bankruptcy
protection because it was unable to resolve a loan dispute with
its lender Stonegate Bank.  The Company disclosed of
$9 million and debts of $4.1 million as of the Petition Date.

Stonegate Bank loaned in 2007 the Chabad $3.8 million to refinance
loans on an existing campus and a vacant parcel purchased for
expansion but it never took place.  The bank currently has
liens on the worship center and vacant parcel next door.

Chabad-Lubavitch of Boynton filed a Chapter 11 petition on June
11, 2010 (Bankr. S.D. Fla. Case No. 10-26503).  Joel M. Aresty,
Esq., in Miami, Florida, serves as bankruptcy counsel.  In its
schedules, the Debtor disclosed assets of $9,000,000 and debts of
$4,149,470.


CHARLES BUTLER: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: Charles Butler
                 aka Chuck Butler
               Sylvia Butler
               635 E. Micheltorena Street
               Santa Barbara, CA 93103

Bankruptcy Case No.: 10-14713

Chapter 11 Petition Date: September 14, 2010

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

Judge: Robin Riblet

Debtors' Counsel: Debra C. Young, Esq.
                  610 Anacapa Street
                  Santa Barbara, CA 93101
                  Tel: (805) 403-2213
                  Fax: (805) 845-3779
                  E-mail: DebraCYoung@yahoo.com

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

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

A list of the Joint Debtors' 20 largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/cacb10-14713.pdf


CHC HELICOPTER: Moody's Assigns 'B1' Rating on $1.1-Bil. Notes
--------------------------------------------------------------
Moody's Investors Service assigned CHC Helicopter S.A.'s proposed
$1.1 billion senior secured first lien notes a B1 rating and its
$300 million super-senior secured revolving facility a Ba1 rating.
CHC Helicopter S.A. is a subsidiary of 6922767 Holding S.a.r.l.
Moody's assigned 6922767 Holding S.a.r.l. a B1 Corporate Family
Rating.  The rating outlook is stable.

Assignments:

Issuer: 6922767 Holding S.a.r.l.

  -- Corporate Family Rating, Assigned B1

Issuer: CHC Helicopter S.A.

  -- Senior Secured Bank Credit Facility, Assigned a range of 05 -
     LGD1 to Ba1

  -- Senior Secured Regular Bond/Debenture, Assigned a range of 47
     - LGD3 to B1

Reinstatements:

Issuer: 6922767 Holding S.a.r.l.

  -- Probability of Default Rating, Reinstated to B1

Outlook Actions:

Issuer: 6922767 Holding S.a.r.l.

  -- Outlook, Changed To Stable From Rating Withdrawn

                        Ratings Rationale

"The B1 CFR reflects CHC's high leverage, weak debt service
coverage and complex corporate structure," said Terry Marshall,
Moody's analyst.  "However the rating also considers CHC's large
globally diversified fleet of heavy and medium helicopters, its
longstanding customer relationships and solid contract position."

CHC's B1 CFR also incorporates the inherent cyclicality in the oil
and gas services sector; the relative concentration in the North
Sea; and the fact that the company's long-term contracts contain
cancellation clauses, although CHC has rarely experienced customer
cancellations.

The B1 CFR favorably reflects the three to five year contracts
that CHC holds with high rated oil and gas companies in its
offshore oil and gas support business, which comprises about 75%
of revenue.  CHC's smaller search and rescue and emergency medical
services businesses have contracts predominately with government
entities.  Additionally, 57% of CHC's flying revenue was derived
from fixed monthly fees in the 2010 fiscal year (ending April 30),
a favorable level that significantly covers CHC's fixed costs.

CHC finances 65% of its fleet of 275 aircraft with off- balance
sheet operating leases and associated asset value guarantees.
Moody's considers this debt, adding $1.1 billion to its reported
2010 fiscal year debt.  In combination with an unfunded pension
obligation of $164 million, CHC's adjusted debt, pro forma for the
rated financings, totals approximately $2.4 billion, and debt to
adjusted EBITDA a very high 6.3x.  Moody's expect leverage to
increase slightly this fiscal year as the company acquires new
aircraft under operating leases.  CHC's pro forma interest
coverage as measured by EBIT to interest is a commensurately weak
1.3x.

CHC has a complex ownership structure due to the regulatory
licensing requirements of certain foreign jurisdictions, primarily
in Europe.  In these countries, CHC typically holds a minority
ownership of the voting share of the local company, with a local
partner holding the balance.  The local company holds the Air
Operator Certificate, but CHC controls the aircraft, which it
leases to these entities at market rates.  CHC also performs all
of the associated aircraft maintenance through its Heli-One Group
repair and maintenance operation.

Most of the company's revenues are tied to oil and gas production
activities and 71% of CHC's revenues in its most recent fiscal
quarter were generated under long-term contracts, factors that
provide a level of stability and predictability to the company's
earnings and cash flows.  The outlook for helicopter services
demand is currently strong, with major and national oil companies
requiring additional medium and heavy helicopters to support their
increasing deepwater oil and gas activities.  CHC has also
recently won a significant Irish SAR contract that will bolster
earnings and cash flow over the eight year life of the contract.

CHC should have good liquidity in 2010 and 2011.  Internally
generated cash flow and cash in hand should cover cash taxes and
interest, working capital requirements, and planned capex for
aircraft purchases over the next 12-15 months (the majority of new
aircraft purchases will be made under operating leases).
Following the notes issue, the company will have approximately
$60 million of cash and full availability under the $300 million
revolving facility, which matures in 2015.  The revolver has one
financial covenant (maximum super senior debt/EBITDA of 2.5x),
with which the company should be comfortably in compliance in 2010
and 2011.

Using Moody's Loss Given Default methodology, the $300 million
revolving facility is rated Ba1, three notches above the CFR due
to the significant loss absorption cushion afforded by the
$1.1 billion senior secured notes, which are rated B1 and
subordinated to the bank lenders though an inter-creditor
agreement.  The notes mature in 2020.

The rating would be considered for upgrade if CHC's Debt to EBITDA
and EBIT to Interest improved to the 4 to 4.5x and 2 to 2.5x
ranges, respectively, and were considered sustainable at these
levels.  If CHC's continued fleet expansion results in further
increases in leverage the ratings could be downgraded.  The
ratings could also be downgraded if market conditions weaken while
the company has these elevated leverage levels.

CHC Helicopter S.A. is registered in Luxemburg and headquartered
in Vancouver, British Columbia.  It is a significant provider of
helicopter services to the offshore exploration and production
industry, with operations in over 26 countries.


CHC HELICOPTER: S&P Assigns 'B+' Long-Term Corp. Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+' long-
term corporate credit rating to 6922767 Holding S.a.r.l. (CHC
Helicopter).  The outlook is stable.

At the same time, S&P assigned its 'BB' issue-level rating, with
a '1' recovery rating, to CHC Helicopter S.A.'s proposed
US$300 million super senior revolving credit facility and its 'B+'
issue-level rating, with a '4' recovery rating, to its proposed
US$1.1 billion first-lien senior secured notes.  The '1' recovery
rating indicates S&P's expectation of very high (90%-100%)
recovery, and the '4' recovery rating indicates S&P's expectation
of average (30%-50%) recovery in the event of default.

"The ratings on CHC Helicopter reflect what S&P views as the
company's reliance on the offshore oil and gas industry,
competition within helicopter services to the oil and gas
industry, large capital spending requirements, lack of free cash
flow, and aggressive leverage," said Standard & Poor's credit
analyst Jamie Koutsoukis.  "These factors, which S&P believes
hamper CHC Helicopter's credit profile, are partially offset by
the company's position as the world's largest commercial
helicopter services company, strong demand for its services, its
geographic diversity, and its comparatively large and modern fleet
of medium and heavy helicopters," Ms. Koutsoukis added.

CHC Helicopter, which operates more than 265 aircraft in more than
26 countries, is one of the two largest global helicopter services
providers.  The company offers transportation services, primarily
for oil and gas producers and exploration companies, as well as
search and rescue activities and emergency medical services,
through its global and European operations segments.  In addition,
its Heli-One segment provides helicopter support services that
range from the complete outsourcing of all maintenance activities
for helicopter operators to maintenance, repair, and overhaul
services, to integrated logistics support, helicopter parts sales
and distribution, and other related services, to their own flight
operations and third-party operators.

The stable outlook reflects S&P's expectation that CHC Helicopter
will continue to see strong demand for its helicopter services and
sustain its operating performance.  The outlook further
incorporates S&P's view of the company maintaining its cash flow-
to-debt metrics (pro forma the proposed financing) as there is no
cushion within the rating for any additional leverage.  In
addition, S&P believes that CHC Helicopter will achieve
incremental cash flow generated by its expanded fleet, which
should somewhat offset its elevated debt levels in the next two-
to-three years.  S&P does not expect, however, that the company's
balance sheet will materially improve in the near-to-medium term.
If CHC Helicopter's operational performance or financial measures
deteriorate such that adjusted debt to EBITDA is more than 7.5x,
S&P would likely revise the rating downward.  Conversely, a
positive rating action would depend on the company's ability to
significantly reduce its debt, combined with improvements in free
cash flow generation, which S&P believes is unlikely in the near
term.


CHEMTURA CORP: A&M Submits First Report on Chemtura Canada
----------------------------------------------------------
Alvarez & Marsal Canada, Inc., in its capacity as information
officer of Chemtura Canada Co./Cie's proceeding under the
Companies' Creditors Arrangement Act, apprised Mr. Justice
Morawetz on September 8, 2010, of updates with respect to the
Chapter 11 proceedings of Chemtura Canada.

Under its first information officer report, A&M disclosed that,
among other things:

  1. The U.S. Bankruptcy Court for the Southern District of New
     York approved a settlement and release agreement among
     Chemtura Corporation, Chemtura Canada and the law firm of
     Humphrey Farrington & McClain P.C. on September 1, 2010;

  2. Chemtura Canada's actual positive net cash flow for the
     August 2010 period was approximately $4,600,000 as compared
     to forecast net cash flow of approximately 300,000.  The
     positive variance of net cash flow is primarily
     attributable to total cash inflows being approximately
     $2,800,000 higher than forecast as a result of greater than
     forecast sales and collections from affiliated companies in
     the United States, and total cash outflows being
     approximately $1,500,000 below forecast primarily as a
     result of timing differences in payments to vendors;

  3. Chemtura Canada did not incur any short-term borrowings
     during the Period and has a cash balance of approximately
     $13,500,000 as of August 31, 2010; and

  4. The Debtors filed a supplement to their Chapter 11 Plan of
     Reorganization on September 2, 2010.

The Information Officer's activities to date include, among other
things:

  -- reviewing and monitoring of the materials filed in the
     Chapter 11 cases and communicating with the Information
     Officer's legal counsel, Osler Hoskin & Harcourt LLP
     regarding the Chapter 11 documents;

  -- reviewing draft materials for Chemtura Canada's CCAA
     Proceeding;

  -- preparing for the hearing of the Initial Recognition Order;

  -- reviewing Chemtura Canada's cash flow forecast and weekly
     variance reporting; and

  -- establishing its website and posting copies of CCAA
     Proceeding documents at:

         http://www.alvarezmarsal.com/chemturacanada/

A full-text copy of the 1st Information Officer's Report is
available for free at http://researcharchives.com/t/s?6b28

                       About Chemtura Corp.

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

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


CHEMTURA CORP: Wins Nod of Chartis Buyback Agreement
----------------------------------------------------
Chemtura Corp. and its units received the U.S. Bankruptcy Court
for authority to enter into a settlement, release, and buyback
agreement with certain insurers referred to as "the Chartis
Insurers" and sell portions of certain insurance policies.

The Debtors, with the Court's approval, filed a redacted version
of the Chartis Agreement, which did not disclose the specific
coverage of diacetyl claims that may be asserted against the
Debtors in the future.

The Chartis Insurers are AIU Insurance Company, American Home
Assurance Company, Chartis Specialty Insurance Company, Granite
State Insurance Company, Illinois National Insurance Company, The
Insurance Company of the State of Pennsylvania, Lexington
Insurance Company, and National Union Fire Insurance Company of
Pittsburgh, PA, and their parents and subsidiaries.

The Chartis Insurers' obligation to provide insurance coverage
for diacetyl-related liability is currently the subject of two
pending lawsuits.  In February 2010, the Chartis Insurers
commenced an action against Chemtura Canada Co./Cie.  In turn,
Chemtura Corp. and Chemtura Canada commenced an action against
the Chartis Insurers.  Both actions seek a declaration of
coverage for diacetyl-related claims.

Richard M. Cieri, Esq., at Kirkland & Ellis LLP, in New York,
reveals that the Chartis Agreement:

  -- resolves the coverage litigation pending among Chemtura
     Corp. and Chemtura Canada and the Chartis Insurers; and

  -- guarantees access to insurance coverage up to a certain
     amount to defend and indemnify present and future
     diacetyl-related claims.

The salient terms of the Chartis Agreement are:

   (a) Coverage Buyback.  Chemtura Corp. and Chemtura Canada will
       sell to the Chartis Insurers all coverage under the
       policies for diacetyl claims in return for the Chartis
       Insurers' agreement to pay the total settlement amount.

   (b) Settlement Effective Date.  The Agreement becomes
       effective on the first business day after the
       satisfaction of several conditions, including the
       Parties' execution of the Agreement and the Bankruptcy
       Court' approval.

   (c) Payment of the Present Diacetyl Claim Settlement Amount.
       The Chartis Insurers will pay up to $35,000,000 for the
       resolution of the Present Diacetyl Claims.

       Up to $25,000,000 of the Present Diacetyl Claim
       Settlement Amount will be used to pay directly or
       reimburse half of the settlement amount under a
       settlement the Debtors entered into with Humphrey
       Farrington & McClaim P.C., on behalf of the firm's
       diacetyl-related clients.

       In addition, the Chartis Insurers will pay half of the
       indemnity cost, up to an amount aggregating $10,000,000,
       of any other Present Diacetyl Claim resolved by
       settlement or litigation either to Chemtura or directly
       to the counsel for the holder of the claim.  The amounts
       will be paid within 30 days of receipt of claim notice
       letters and executed releases.

       Lastly, the Chartis Insurers will pay half of the defense
       costs incurred after the execution of the Agreement of
       any litigated Present Diacetyl Claim.

   (d) Payment of Future Costs.  The Chartis Insurers will pay
       up to a certain amount of the Debtors' future defense and
       indemnity costs related to any claim or lawsuit alleging
       injuries arising out of exposure to butter flavorings
       containing diacetyl, or a claim for contribution or
       indemnity.  The Chartis Insurers will be allowed to
       participate in the administration and defense of any
       Future Diacetyl Claims.  All payments for future defense
       and indemnity costs will not be subject to any
       deductibles, charge backs, retrospective premium
       adjustments, or any deductions.

   (e) Self-Insured Retentions.  The Parties agree that the
       Debtors' payments to resolve the Present Diacetyl Claims
       -- to the extent the payments meet or exceed $35,000,000,
       including the portion of its payment into an escrow
       account that is not reimbursed by the Chartis Insurers
       under the Agreement, its settlement payments in certain
       cases, and any applicable unreimbursed defense costs --
       will satisfy and exhaust certain self-insured retentions
       that may be applicable to certain claims under certain
       Insurance Policies.

   (f) Releases and Indemnity.  In consideration of the promises
       in the Agreement, the Debtors and the Chartis Insurers
       fully release, acquit, and forever discharge each other
       from any and all claims arising from or relating to
       Diacetyl Claims.

   (g) Additional Releases.  Chemtura Corp. and Chemtura Canada
       will obtain and deliver to the Chartis Insurers a release
       from each HFM Diacetyl Claimant, as well as a release
       from any other individual or corporate holder of a
       Diacetyl Claim with whom the Debtors settles the
       individual holder's Present Diacetyl Claim.  Furthermore,
       Chemtura Corp. and Chemtura Canada will obtain and
       deliver or have delivered to the Chartis Insurers a
       release from each individual and corporate holder of a
       Future Diacetyl Claim with whom the Debtors settles the
       individual Holder's Future Diacetyl Claim and for which
       the Chartis Insurers directly pays or reimburses Chemtura
       Corp. and Chemtura Canada for Future Defense Costs.

   (h) Dismissal of Coverage Actions and Withdrawal of Proofs of
       Claim.  As soon as practicable and no later than 10
       business days after the Settlement Effective Date, the
       Parties will file Stipulated Dismissals in the Coverage
       Actions dismissing without prejudice and without costs to
       the other Party all claims and causes of action against
       the other Party in the Coverage Actions.  The Chartis
       Insurers further agree that the Agreement resolves the
       Proofs of Claim to the extent they involve or are based
       on Diacetyl Claims without any further action of the
       Parties.

The Debtors filed a redacted version of the Chartis Agreement.
The redacted document does not disclose the specific coverage of
diacetyl claims that may be asserted against the Debtors in the
future.  The Debtors seek the Court's authority to file an
unredacted version of the Agreement under seal.

"While the Debtors have no objection to disclosure of the
settlement amount relating to the Present Diacetyl Claims, both
the Chartis Insurers and the Debtors agree that the Future
Diacetyl Claims Settlement Amount is highly sensitive,
confidential business information," Mr. Cieri tells the Court.

He avers that "disclosure of this information may place Chemtura,
Chemtura Canada, and the Chartis Insurers at a disadvantage in
the context of settlement discussions related to any future
diacetyl claims."

A copy of the redacted Chartis Agreement is available for free
at:

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

                       About Chemtura Corp.

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

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


CHEMTURA CORP: Wins Nod of Florida Environmental Settlement
-----------------------------------------------------------
Chemtura Corp. and its units sought and obtained the U.S.
Bankruptcy Court's approval of a stipulation and settlement
agreement with the Florida Department of Environmental Protection,
which resolves all disputes concerning:

  (a) a "protective" proof of claim filed by the FDEP seeking
      past and future response and oversight costs of not less
      than $2,000,000 associated with the remediation of certain
      locations formerly owned and operated by the Debtors in
      the state of Florida; and

  (b) the Debtors' adversary proceeding concerning the
      dischargeability of certain injunctive obligations with
      respect to FDEP.

The Stipulation provides for the payment of $800,000 by Chemtura
Corp. in order to resolve potential liabilities that the Debtors
estimate would exceed that amount in return for covenants not to
sue and contribution protection by the FDEP.

The salient terms of the Stipulation are:

  (i) Deposit of $200,000 into an escrow account established at
      the Florida Department of Financial Services, Bureau of
      Collection Management to fund potential corrective actions
      at 5414 and 5430 North 56th St., in Tampa, Florida, also
      known as the SMCP Site;

(ii) Within 30 days after the effective date of the Debtors'
      Chapter 11 plan, but in no event later than May 1, 2011,
      Chemtura will deposit into the Escrow an additional
      $600,000, which completes Chemtura's payments to the
      Escrow and resolves the FDEP Claim with respect to all
      former locations owned and operated by the Debtors in the
      State of Florida, including:

        * 3101 Talleyrand Ave., Jacksonville, Florida also known
          as the Apex oil Property;
        * SMCP Site;
        * 3125 Drane Field Road, Lakeland, Florida;
        * 3601 Celery Avenue, Sanford, Florida;
        * 1405 West Olive Street, Lakeland, Florida;
        * Jones Avenue, Zellwood, Florida;
        * State Road 574 and Faulkenburg Road, Tampa, Florida;
        * 1602 West Sugarhouse Road, Belle Glade, FL; and
        * 612 12th Street, East Jacksonville, Florida;

(iii) Upon receipt of the second and final Escrow deposit, the
      FDEP will issue a covenant not to sue the Debtors with
      regard to any Florida Environmental Laws with respect to
      the Florida Sites;

(iv) If the current owners of the SMCP Site asks for the
      assignment of a rehabilitation agreement known as the
      Brownfield Site Rehabilitation Agreement prior to the Plan
      Effective Date, the Debtors will assign the BSRA to the
      current owner(s) of the SMCP Site without consideration.
      The FDEP stipulates that there will be no cure costs
      required to be paid by the Debtors in connection with
      assumption of the BSRA.  If no assignment request is made,
      the BSRA will be deemed terminated as of the Plan
      Effective Date, and the FDEP agrees that no damages will
      be owing from the deemed termination;

  (v) The Debtors' adversary proceeding against certain
      government environmental protection agencies will be
      dismissed against the FDEP, and the Debtors will not seek
      a declaration with regard to their obligations to
      remediate the Florida Sites.  Neither the Debtors nor the
      FDEP will seek or be entitled to any costs or fees related
      to the Environmental Declaratory Action;

(vi) In consideration of all of the distributions that will be
      made pursuant to the terms of the Stipulation, the FDEP
      will covenant not to file a civil action or to take any
      administrative or other action against  the Debtors
      pursuant to any Florida Environmental Law, CERCLA, or any
      other applicable federal law or regulation with regard to
      the Florida Sites.

                       About Chemtura Corp.

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

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


CIRTECH, INC.: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Cirtech, Inc.
        230 E. Emerson Avenue
        Orange, CA 92865

Bankruptcy Case No.: 10-22855

Chapter 11 Petition Date: September 13, 2010

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

Judge: Theodor Albert

Debtor's Counsel: Richard L. Barnett, Esq.
                  5450 Trabuco Road
                  Irvine, CA 92620
                  Tel: (949) 261-9700
                  E-mail: rick@barnettrubin.com

Scheduled Assets: $601,580

Scheduled Debts: $1,339,268

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-22855.pdf

The petition was signed by Brad Reese, president.


CLAIM JUMPER: Organizational Meeting to Form Panel on Sept. 22
--------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on September 22, 2010, at
11:00 a.m. in the bankruptcy case of Claim Jumper Restaurants,
LLC, et al.  The meeting will be held at J. Caleb Boggs Federal
Building, 844 King Street, Room 2112, Wilmington, DE 19801.

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

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

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

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.


COAST INDEX: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Coast Index Company, Inc.
        850 Lawrence Drive
        Newbury Park, CA 91320

Bankruptcy Case No.: 10-21442

Chapter 11 Petition Date: September 13, 2010

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

Judge: Maureen Tighe

Debtor's Counsel: Steven R. Fox, Esq.
                  17835 Ventura Boulevard, Suite 306
                  Encino, CA 91316
                  Tel: (818) 774-3545
                  Fax: (818) 774-3707
                  E-mail: emails@foxlaw.com

Scheduled Assets: $997,865

Scheduled Debts: $1,285,200

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-21442.pdf

The petition was signed by Graham Rice, president.


CONTECH CONSTRUCTION: S&P Junks Corporate Credit Rating From 'B-'
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings on Contech
Construction Products Inc., including the corporate credit rating
to 'CCC' from 'B-'.  All ratings remain on CreditWatch, where they
were placed with negative implications on June 18, 2010.

"The downgrade and CreditWatch status reflects S&P's assessment
that continued challenging levels of commercial construction
activity and lower-than-expected residential construction activity
are likely to continue to constrain Contech's operating results in
the near term," said Standard & Poor's credit analyst Thomas
Nadramia.  In S&P's view, the weak operating environment has
decreased the likelihood that Contech will be in a position to
remain in compliance with its senior secured bank credit
facilities, likely necessitating the need to seek amendments or
waivers of its covenant requirements and possibly pursue further
restructuring of its debt obligations.  The company faced more
restrictive bank credit agreement covenants which stepped down on
June 30, 2010.

In resolving the CreditWatch listing, S&P will assess Contech's
plans to address potential near- to intermediate-term liquidity
constraints caused by the covenant changes given the difficult
operating conditions that are likely to continue during this
period.


CORINTHIAN COURT: Case Summary & Largest Unsecured Creditor
-----------------------------------------------------------
Debtor: Corinthian Court, LLC
        1300 Griffin Road
        Greenwood, AR 72936

Bankruptcy Case No.: 10-74837

Chapter 11 Petition Date: September 14, 2010

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Fort Smith)

Debtor's Counsel: Derrick Mark Davidson, Esq.
                  DERRICK DAVIDSON, P.A.
                  3061 N. Market Avenue, Suite 8
                  Fayetteville, AR 72703
                  Tel: (479) 935-4100
                  Fax: (479) 856-6168
                  E-mail: derrick@davidsonbusinessattorney.com

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

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

The petition was signed by Robert Griffin, manager.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Robert Griffin and Julia Griffin      10-73471            07/06/10
The Plantation, LLC                   10-74742            09/08/10
Oakview Homes, LLC                    10-74830            09/14/10
Iron Tree Homes, LLC                  10-74832            09/14/10
Fairview Construction Co., LLC        10-74834            09/14/10

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

            Entity                  Nature of Claim   Claim Amount
            ------                  ---------------   ------------
O L Development, LLC                Advance from        $1,467,915
2300 N. Frisco Road                 Affiliate
Yukon, OK 73099


DANIELLE THOMPSON: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Danielle Thompson
          aka Danielle L Thompson
          dba Welcome Home Real Estate Network
              Solstice International Realty
              Welcome Home Property Management
              A1 Appraisal Network
        4136 Barrett Road
        Los Angeles, CA 90032

Bankruptcy Case No.: 10-49180

Chapter 11 Petition Date: September 14, 2010

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

Judge: Victoria S. Kaufman

Debtor's Counsel: James R. Selth, Esq.
                  WEINTRAUB & SELTH, APC
                  12121 Wilshire Boulevard, Suite 1300
                  Los Angeles, CA 90025
                  Tel: (310) 207-1494
                  Fax: (310) 207-0660
                  E-mail: jim@wsrlaw.net

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

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/cacb10-49180.pdf


DIPAK DESAI: Committee Can Hire Kolesar & Leatham as Local Counsel
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Nevada authorized
the Official Committee of Unsecured Creditors in the Chapter 11
case of Dipak Desai to employ Kolesar & Leatham, CHTD., as its
local counsel.

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

The Committee's local counsel can be reached at:

     Nile Leatham, Esq.
     Natalie M. Cox, Esq.
     Bart K. Larsen, Esq.
     KOLESAR & LEATHAM, CHTD.
     3320 W. Sahara Avenue, Suite 380
     Las Vegas, NV 89102
     Tel: (702) 362-7800
     Fax: (702) 362-9472
     E-mail: blarsen@klnevada.com
             ncox@klnevada.com

The counsel for the committee can be reached at:

     David J. Molton, Esq.
     Howard S. Steel, Esq.
     BROWN RUDNICK LLP
     Seven Times Square
     New York, NY 10036
     Tel: (212) 209-4800
     Fax: (212) 209-4801
     E-mail: dmolton@brownrudnick.com
             hsteel@brownrudnick.com

                         About Dipak Desai

Las Vegas, Nevada-based Dipak Desai, aka Dipak Desai, M.D.,
Chartered, filed for Chapter 11 bankruptcy protection on
February 26, 2010 (Bankr. D. Nev. Case No. 10-13050).  Bruce
Thomas Beesley, Esq., at Lewis And Roca LLP, and Michael F. Lynch,
Esq., who has an office in Las Vegas, Nevada, assists the Debtor
in its restructuring effort.  The Company disclosed $22,324,179 in
assets and $1,892,555 in liabilities as of the Petition Date.


DOT VN: Posts $1.96 Million Net Loss in July 31 Quarter
-------------------------------------------------------
Dot VN Inc. filed its quarterly report on Form 10-Q, reporting a
net loss of $1.96 million on $333,508 of revenues for the three
months ended July 31, 2010, compared with a net loss of $242,373
on $363,112 of revenues for the same period a year earlier.

The Company's balance sheet at July 31, 2010, showed $2.49 million
in total assets, $10.10 million in total liabilities, and a
stockholders' deficit of $7.62 million.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6b3d

                          About Dot VN

Dot VN, Inc. -- http://www.DotVN.com/-- provides innovative
Internet and telecommunication services for Vietnam.  The Company
was awarded an "exclusive long term contract" by the Vietnamese
government to register ".vn" (Vietnam) domains and commercialize
Parking Page Marketing/Online Advertising worldwide via the
Internet.  Also, Dot VN has exclusive rights to distribute and
commercialize Micro-Modular Data CentersTM solutions and Gigabit
Ethernet Wireless applications to Vietnam and Southeast Asia
region.

After auditing the Company's 2009 results, Chang G. Park, CPA,
expressed substantial doubt about Dot VN Inc.'s ability to
continue as a going concern, citing the Company's losses form
operations.


EAST WEST RESORT: Submits Plan of Liquidation
---------------------------------------------
East West Resort Development V, L.P., L.L.L.P., submitted to the
U.S. Bankruptcy Court for the District of Delaware a proposed Plan
of Liquidation and explanatory Disclosure Statement.

The Plan of Reorganization of its debtor-affiliates: NMP Holdings,
LLC, Northstar Mountain Properties, LLC, Northstar Iron Horse,
LLC, Northstar Big Horn, LLC, Northstar Village Townhomes, LLC,
Northstar Trailside Townhomes, LLC, Old Greenwood, LLC, Old
Greenwood Realty Inc., Tahoe Mountain Resorts, LLC, and Tahoe Club
Company, LLC, was confirmed on June 2, 2010, and became effective
on July 1.

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

According to the Disclosure Statement, the Plan provides for the
conversion of all of EWRD V's assets to cash, and the transfer of
all assets into the newly formed Liquidating Trust created for the
purposes, inter alia, of making distributions to the creditors of
the estate, pursuing causes of action, and otherwise completing
the liquidation of the estate.

Under the Plan, each holder of Class 2 secured claims, if any,
will, at the option of the Liquidating Trustee, subject to the
consent of the Trust Oversight Committee, (i) receive cash in an
amount equal to the claim, in full and complete satisfaction of
the claim, on the later of the initial distribution date under the
Plan and the date the claim becomes an Allowed Claim, or as soon
thereafter as is practicable; or (ii) receive the collateral
securing its claim in full and complete satisfaction of the claim.

The Liquidating Trustee will distribute to each holder of an
Allowed Class 3 General Unsecured Claims a pro rata share of
distributable cash.

Holders of Interests and Interest Related Claims in Class 4 will
receive no distribution or dividend on account of the interests.
On the Effective Date, all Interests and Interest Related Claims
in Class 4 will be deemed canceled, null and void, and of no force
and effect.

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

The Debtor is represented by:

     Daniel J. DeFranceschi, Esq.
     Paul N. Heath, Esq.
     L. Katherine Good, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Tel: (302) 651-7700
     Fax: (302) 651-7701

     Richard A. Chesley, Esq.
     Gregory S. Otsuka, Esq.
     PAUL, HASTINGS, JANOFSKY & WALKER LLP
     Hilla Uribe Jimenez, Esq.
     191 North Wacker Drive, 30th Floor
     Chicago, IL 60606
     Tel: (312) 499-6000
     Fax: (312) 499-6100

                     About East West Resort

Avon, Colorado-based East West Resort Development V, L.P.,
L.L.L.P., is a limited partnership between Crescent Resort
Development, Inc., and long-standing developer East West Partners,
Inc., that was formed to develop residential and commercial real
estate projects on and around the Northstar at Tahoe Resort in
Lake Tahoe, California.

East West Resort filed for Chapter 11 bankruptcy protection on
February 16, 2010 (Bankr. D. Del. Case No. 10-10452), estimating
its assets and debts at $100 million to $500 million.  The
Company's affiliates -- Tahoe Club Company, LLC Tahoe Club
Company, LLC; Tahoe Mountain Resorts, LLC; NMP Holdings, LLC;
Grays Station, LLC; Old Greenwood, LLC; Old Greenwood Realty,
Inc.; Northstar Village Townhomes, LLC; Northstar Big Horn, LLC;
Northstar Trailside Townhomes, LLC; Northstar Iron Horse, LLC; and
Northstar Mountain Properties, LLC -- filed separate Chapter 11
petitions.

The Debtors' financial advisor is Houlihan Lokey Howard & Zukin
Capital, Inc.  The Debtors' claims agent is Epiq Bankruptcy
Solutions.


EDGEN MURRAY: S&P Downgrades Corporate Credit Rating to 'B-'
------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on Edgen Murray II L.P. to 'B-' from 'B'.
The rating outlook is stable.

At the same time, the issue-level rating on the company's
$465 million senior secured notes was lowered to 'B-' (same as the
corporate credit rating) from 'B'.  The recovery rating remains
unchanged at '4', indicating S&P's expectation of average (30% to
50%) recovery in the event of a payment default.

"The downgrade reflects S&P's expectation that 2010 EBITDA will
likely be around $30 million, materially lower than its previous
expectation of about $55 million, due to ongoing weakness in the
company's Western Hemisphere segment as a result of lower capital
spending on projects in the region," said Standard & Poor's credit
analyst Sherwin Brandford.

In addition, the industry seems to have become more competitive,
perhaps because of the entrance of new smaller competitors during
the boom period of 2007 to 2008, resulting in a slower recovery of
volumes and margins compared to historical levels.  As a result,
S&P expects adjusted debt leverage to climb to around 16x and
funds from operations to debt to decline to below zero by year-
end, levels S&P would consider to be more consistent with a lower
rating.


ENERGAS RESOURCES: Posts $129,200 Net Loss in July 31 Quarter
-------------------------------------------------------------
Energas Resources Inc. files its quarterly report on Form 10-Q, a
net loss of $129,243 on $42,922 of total revenues for the three
months ended July 31, 2010, compared with a net loss of $160,175
on $36,583 of total revenues for the same period a year ago.

The Company's balance sheet at July 31, 2010, showed $7.51 million
in total assets, $1.14 million in total liabilities, and
$6.36 million in stockholders' equity.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6b3a

                      About Energas Resources

Based in Oklahoma City, Oklahoma, Energas Resources Inc. (OTC BB:
EGSR) -- http://www.energasresources.com/-- is primarily engaged
in the operation, development, production, exploration and
acquisition of petroleum and natural gas properties in the
United States through its wholly-owned subsidiary, A.T. Gas
Gathering Systems Inc.  In addition, the company owns and operates
natural gas gathering systems located in Oklahoma, which serve
wells operated by the company for delivery to a mainline
transmission system.  The majority of the company's operations are
maintained and occur through A.T. Gas.

Smith, Carney & Co. P.C. has expressed substantial doubt against
Energas Resources Inc.'s ability as a going concern after auditing
the Company's results for the fiscal year ended January 31, 2010.

In its Form 10-K filed with the U.S. Securities and Exchange
Commission, the Company reported a net loss of $1.9 million on
$165,794 of total revenue for the year ended Jan. 21, 2010,
compared with a net loss of $2.4 million on $284,297 total revenue
during the same period a year ago.


ENERGY TRANSFER: Fitch Assigns 'BB' Rating on $1-Bil. Senior Notes
------------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to Energy Transfer
Equity, L.P.'s offering of $1 billion senior notes due 2020.  Note
proceeds will be used to repay all borrowings outstanding under
its existing $500 million secured revolving credit facility, repay
a portion of its $1.45 billion secured term loan due November 2012
(Term Loan B) and related interest swap breakage costs, and to pay
transaction fees and expenses.  Fitch also assigns a 'BB' rating
to ETE's $200 million five-year secured revolving credit facility
maturing in September 2015 (the New Revolver) which will close
contemporaneously with the retirement of the existing revolving
credit facility.  The Rating Outlook is Stable.

ETE owns approximately 50.2 million Energy Transfer Partners, L.P.
(rated 'BBB-' with a Stable Outlook by Fitch) limited partner
units, a 1.8% general partner interest in ETP, and all of the
incentive distribution rights relating to ETP and approximately
26.3 million Regency Energy Partners, LP units, a 2.0% GP interest
in RGNC, and all incentive distribution rights relating to RGNC.
ETE's cash flow relies entirely on distributions from ETP and
RGNC.  Key factors driving the rating are ETP's and RGNC's credit
profiles and parent-level debt leverage.

The notes initially will be secured equally and ratably with loans
under the New Revolver and the Term Loan B by a first-priority
interest by all tangible and intangible assets of ETE, including
the LP and GP interests in ETP and RGNC that it owns.  Once the
Term Loan B is repaid in full, the notes will no longer be secured
by the collateral and will be unsecured obligations of ETE and
will rank junior to the secured New Revolver as to collateral.
The notes contain restrictions on the creation of future liens to
secure debt following the release of collateral, except under
certain limited circumstances or unless all outstanding senior
notes are equally and ratably secured with any new secured debt
(known as the Negative Pledge).

ETE's ratings and Stable Rating Outlook are primarily dependent on
the financial and operating characteristics of ETP, to a lesser
extent RGNC, the standalone credit profile of ETE, and the
favorable recovery prospects for its creditors.  Fitch considers
ETE's adjusted 2010 debt-to-EBITDA of 3.1 times, as estimated by
Fitch, as strong for a master limited partnership holding company
structure and should not present an inordinate amount of risk
given the quality of its cash flow stream.  Pro forma for the
senior note financing, leverage and interest coverage ratios
should temporarily weaken due to an increase in total debt
outstanding of approximately $116 million to cover swap breakage
fees and other issuance costs.  Over the longer term, ETP's and
RGNC's upstream partner distributions should increase as several
expansion projects and acquisitions generate distributable cash
flow.  As a result, ETE's cash flow ratios will strengthen.  In
addition, the debt repayment funded by the senior note issuance
lowers the refinancing risk associated with the revolving credit
facility and Term Loan B and lengthens ETE's debt maturity
schedule.


ENERGY TRANSFER: Moody's Affirms 'Ba1' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed the Ba1 Corporate Family Rating
of Energy Transfer Equity, L.P. and assigned a rating of Ba2 (LGD
6, 92%) to its proposed $1 billion senior note issue.  Moody's
also affirmed the Ba1 Probability of Default rating, and the Ba2
(LGD 6, 92%) ratings on ETE's $500 million guaranteed senior
secured revolving credit facility and $1.45 billion senior secured
Term Loan B facility.  The rating outlook is negative.

Assignments:

Issuer: Energy Transfer Equity, L.P.

  -- Senior Secured Bank Credit Facility, Assigned 92 - LGD6 to
     Ba2

  -- Senior Unsecured Regular Bond/Debenture, Assigned 92 - LGD6
     to Ba2

                        Ratings Rationale

"Moody's view the refinancing as largely leverage and credit
neutral for the Energy Transfer family, with some reduced
liquidity risk," said Tom Coleman, Senior Vice President.  ETE
will use the senior note proceeds to pay off its $500 million
revolving credit facility and a portion of its Term Loan B
facility, which currently has $1.45 billion outstanding.  ETE will
then enter into a new $200 million revolver that matures in
September 2015.  Proceeds will also be applied to swap breakage
costs and other fees.

The ratings reflect the transaction's relatively neutral leverage
impact on ETE as well as its enhanced liquidity profile.  The new
debt issuance will modestly increase ETE's debt, resulting in a
standalone Debt/EBITDA of 2.8x for ETE in 2010 (including Moody's
adjustments) and Total Debt/EBITDA of about 5.4x for the Energy
Transfer consolidated family.  From a liquidity perspective, the
new $200 million revolver should remain largely undrawn.  The
paydown of the revolving facility and a portion of the Term Loan B
will spread out ETE's debt maturities and push out refinancing
risk on the revolver from 2011 to 2015.  However, the eventual
payoff of the Term Loan B will fix the bulk of ETE's liability
structure as senior long-term debt, which could limit its ability
to reduce standalone leverage in the future.

ETE depends directly on cash flows from its direct and indirect
interests in Energy Transfer Partners L.P. (Baa3 senior, with
stable outlook) and Regency Energy Partners L.P. (Ba3 positive
outlook) to meet its debt service obligations and distributions.
ETP contributes the bulk of ETE's consolidated earnings and cash
flow, as well as its distributions, and its Baa3 long-term rating
underpins ETE's Ba1 CFR.  ETP's trend of growing distributions and
ability to issue new common units have resulted in increasing cash
flow support for ETE's debt and unit distributions.

While ETP's Baa3 rating reflects its position as one of the
largest diversified mid-stream MLPs, it is also constrained by
elevated leverage associated with a sizable capital spending
program, including investments in large interstate pipelines, and
by the high distribution payout inherent in the MLP growth model.
RGNC likewise provides diversification and fee-based cash flow
within ETE's consolidated operations, but also contributes to
ETE's leverage and structural complexity.  Stabilization of ETE's
negative rating outlook will depend on the ability of both MLPs to
continue to access a balance of new equity and debt to fund their
growth, which is key to their credit ratings and to ETE's ability
to moderate consolidated financial leverage.  Timely execution and
cash flow growth from major projects such as the Fayetteville
Express and Tiger Pipelines could also support a stable outlook.

The Ba2 (LGD 6, 92%) ratings reflect application of LGD
methodology to the consolidated ETE family, with the revolver,
Term Loan B and senior notes notched down from the Ba1 CFR to
reflect their subordination to sizable direct claims against ETP
and RGNC.  ETE debt holders are structurally subordinated to the
MLP creditors and effectively equal to the common unit holders in
the event of an MLP bankruptcy.  In addition, Moody's notes that
ETE's senior notes will be secured by ETE's equity in the two MLPs
and will rank pari passu with the revolver and Term Loan B as long
as the latter remains outstanding.  When the term loan is fully
paid off, security for the senior notes will fall away.  Moody's
would not expect the payoff of the Term Loan B to affect notching
of the senior notes when the collateral is lifted.

The last rating action affecting ETE occurred on May 12, 2010,
when Moody's affirmed ETE's ratings and changed the outlook to
negative.

Energy Transfer Equity, L.P., Energy Transfer Partners, L.P., and
Regency Energy Partners L.P. are all headquartered in Dallas,
Texas.


EPIXTAR CORP: Reorganization Case Converted to Chapter 7
--------------------------------------------------------
The Hon. A. Jay Cristol of the U.S. Bankruptcy Court for the
Southern District of Florida converted the Chapter 11 case of
Epixtar Corp., et al., to one under Chapter 7 of the Bankruptcy
Code.

The U.S. Trustee for Region 21, asked the Court to convert the
Debtors' 11 case, or in the alternative, appoint a Chapter 11
trustee.

Based in Miami, Florida, Epixtar Corp. fdba Global Assets
Holding Inc. -- http://www.epixtar.com/-- acquires or
establishes companies specialized in mass-market communication
products.  Epixtar operates through its subsidiaries, National
Online Services Inc. and One World Public.

The Company and its affiliates filed for Chapter 11 protection on
October 6, 2005 (Bank. S.D. Fla. Case No. 05-42040).  Michael D.
Seese, Esq., at Hinshaw & Culbertson, LLP, and Eyal Berger, Esq.,
at Kluger, Peretz, Kaplan and Berlin, P.L., represented the
Debtors in their restructuring efforts.  Carlos E. Sardi, Esq.,
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., represented the official committee of
unsecured creditors as counsel.  The Debtors disclosed $30,376,521
in assets and debts at $39,158,724 as of the Petition Date.


EVERTEC INC: S&P Assigns 'B-' Rating on $220-Mil. Senior Notes
--------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its
preliminary 'B-' senior unsecured rating to Puerto Rico-based
EVERTEC Inc.'s $220 million notes due 2017, with a preliminary
recovery rating of '6', indicating S&P's expectation of negligible
(0%-10%) recovery in the event of a payment default.

"The rating on EVERTEC," said Standard & Poor's credit analyst
Molly Toll-Reed, "reflects the company's narrow market profile,
leveraged financial profile, and S&P's view that the its ownership
structure is likely to preclude sustained deleveraging."  S&P
expects the company to maintain its "aggressive" financial risk
profile, with pro forma adjusted leverage in the low-5x area and
funds from operations to total debt of about 10%.  S&P expects
near-term leverage improvement to be modest, primarily reflecting
EBITDA growth.

The new note issue does not affect the 'B+' long-term corporate
credit rating and stable outlook on EVERTEC, which remain
unchanged.  S&P expects the company to use the proceeds of the
notes to fund a portion of the carve-out acquisition of EVERTEC
from a subsidiary of Popular Inc. (B/Positive/C).

                           Ratings List

                           EVERTEC Inc.

           Corporate Credit Rating        B+/Stable/--

                         Ratings Assigned

                           EVERTEC Inc.

                         Senior Unsecured

            $220 million notes due 2017   B- (Prelim)
             Recovery Rating              6 (Prelim)


EXPRESSWAY DEVELOPMENT: Court OKs $8.5-Mil. Sale of Property
------------------------------------------------------------
The Hon. Niles Jackson of the U.S. Bankruptcy Court for the
Western District of Oklahoma authorized Expressway Development,
LLC, to sell the real property of the estate to Tapp Development
or its assignee/designee for $8,499,750.  The sale will be free
and clear of all liens, claims and encumbrances.

Proceeds from the sale will be utilized for:

   1) payment at closing directly to Union Bank in the amount
      necessary to pay in full the Union Bank Balance;

   2) payment at closing directly to SpiritBank in the amount
      necessary to pay in full the SpiritBank Balance;

   3) payment to unsecured creditors; and

   4) payment of all taxes, costs and fees.

                   About Expressway Development

Oklahoma City, Oklahoma-based Expressway Development, LLC, filed
for Chapter 11 bankruptcy protection on April 9, 2010 (Bankr. W.D.
Okla. Case No. 10-12088).  Charles E. Wetsel, Esq., at Robertson &
Williams, assists the Company in its restructuring effort.  The
Company estimated its assets and debts at $10 million to
$50 million.


FAIRVIEW CONSTRUCTION: Case Summary & Creditors List
----------------------------------------------------
Debtor: Fairview Construction Co. LLC
        1300 Griffin Road
        Greenwood, AR 72936

Bankruptcy Case No.: 10-74834

Chapter 11 Petition Date: September 14, 2010

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Fort Smith)

Debtor's Counsel: Derrick Mark Davidson, Esq.
                  DERRICK DAVIDSON, P.A.
                  3061 N. Market Avenue, Suite 8
                  Fayetteville, AR 72703
                  Tel: (479) 935-4100
                  Fax: (479) 856-6168
                  E-mail: derrick@davidsonbusinessattorney.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/arwb10-74834.pdf

The petition was signed by Robert Griffin, manager.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Robert Griffin and Julia Griffin      10-73471            07/06/10
The Plantation, LLC                   10-74742            09/08/10
Oakview Homes, LLC                    10-74830            09/14/10
Iron Tree Homes, LLC                  10-74832            09/14/10


FPD LLC: Gets Court's Interim Nod to Use Cash Collateral
--------------------------------------------------------
FPD, LLC, et al., sought and obtained interim authorization from
the Hon. Paul Mannes of the U.S. Bankruptcy Court for the District
of Maryland to use the cash collateral of Wells Fargo Bank, N.A.,
and Manufacturers & Traders Trust Company through and including
October 1, 2010.

Prior to the Petition Date, the Debtors were parties to these
loans with Wells Fargo, as successor-by-merger to Wachovia Bank,
National Association: (i) a $36,200,000 Acquisition and
Construction Loan, and Revolving Line of Credit; (ii) an
$8,300,000 Revolving Land Acquisition and Development Loan and
Promissory Note for the Clearview Meadows project; and (ii) a
$6,000,000 Revolving Land Acquisition and Development Loan for the
Oak Tree Landing project.  As of the Petition Date, the aggregate
principal amount outstanding the existing loan documents is at
least $27,109,273.80, together with interest costs, fees,
expenses, and other charges accrued, accruing or chargeable.

Prior to the Petition Date, one or more of the Debtors guaranteed
these M&T loans: (i) a $4,000,000 revolving acquisition and
development loan; (ii) a $6,900,000 revolving acquisition and
development loan; *iii) a $5,500,000 revolving construction loan;
(iv) a $604,125 term loan; and (v) a $2,624,000 term loan.  As of
the Petition Date, the aggregate amount of loans outstanding is
$11,486,555.90 in principal, plus $31,136.63 in interest accrued
as of the Petition Date, together with costs, fees, expenses and
other charges accrued, accruing or chargeable.

Irving E. Walker, Esq., at Cole, Schotz, Meisel, Forman & Leonard,
P.A., explained that the Debtors need the cash collateral to fund
their Chapter 11 case, pay suppliers and other parties.  In
exchange for using the cash collateral, the Debtors will grant the
Lenders replacement liens on present and after-acquired personal
and real property of the Debtors.  The Lenders will also be
granted a superpriority claim.  To account adequately for the cash
collateral of the Lenders, the Debtors will establish one or more
debtors-in-possession accounts at M&T for M&T cash collateral,
deposits and disbursements to the Debtors' operating accounts.
The Debtors will also establish one or more debtors-in-possession
accounts at Wells Fargo for the cash collateral, deposits and
disbursements to the Debtors' operating accounts.  Proceeds from
the sale of any of Wells Fargo's collateral will be deposited into
the cash collateral account, and no other funds will be deposited
into that account.

The Debtors will provide the Lenders with weekly cash flow
reports.

The Debtors will use the collateral pursuant to a budget.

A copy of the budget for use of Wells Fargo's cash collateral is
available for free at:

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

A copy of the budget for use of M&T's cash collateral is available
for free at:

        http://bankrupt.com/misc/FPD_M&TBank_budget.pdf

                            About FPD

Prince Frederick, Maryland-based FPD, LLC, filed for Chapter 11
bankruptcy protection on September 3, 2010 (Bankr. D. Md. Case No.
10-30424).  G. David Dean, II, Esq., and Irving Edward Walker,
Esq., at Cole Schotz Meisel Forman & Leonard P.A., assist the
Debtor in its restructuring effort.  The Debtor estimated its
assets and debts at $1 million to $10 million.

Affiliates Acorn Land, LLC (Bankr. D. Md. Case No. 10-30437),
Breezewood Homes, LLC (Bankr. D. Md. Case No. 10-30441), First
Development Group, LLC (Bankr. D. Md. Case No. 10-30443), MD
Homes, LLC (Bankr. D. Md. Case No. 10-30444), NC Homes, LLC
(Bankr. D. Md. Case No. 10-30445), and Tidewater Land, LLC (Bankr.
D. Md. Case No. 10-30446) filed separate Chapter 11 petitions in
September 2010.

Acorn Land, Breezewood Homes, and MD Homes estimated their assets
and debts at $1 million to $10 million each.  First Development
estimated its assets and debts at $10 million to $50 million.

The Debtors' bankruptcy cases are jointly administered.


FPD LLC: Gets Court's Interim Okay to Sell Homes
------------------------------------------------
FPD, LLC, et al., sought and obtained interim authorization from
the Hon. Paul Mannes of the U.S. Bankruptcy Court for the District
of Maryland to sell homes free and clear of liens, claims and
interests, enter into sale contracts for homes and close on sales
of homes postpetition, and to honor existing prepetition contracts
for sales of homes.

The Debtors currently have approximately 34 residential homes
under contract to be constructed (or completed) and sold in
Maryland, Delaware, and North Carolina.  Over the next 90 days,
the Debtors expects to close on most or all of these sales.  The
purchasers of these homes have each paid significant deposits to
be credited to the sale price of the home at closing, and their
families are depending on the Debtors to finish the construction
and to deliver the homes they purchased within a reasonable period
of time.

The Debtors are authorized to continue to sell and close upon the
sale of residential homes and to apply customer deposits if
applicable, without further court order, and to pay all associated
expenses at closing, including but not limited to real estate
taxes, subject to the Debtors' compliance with the terms of any
entered with respect to the Debtors' use of cash collateral.

With respect to the closings for homes for which any mechanic's
lien is properly filed under applicable state law prior to closing
on the homes, the Debtors are authorized to sell and close upon
the residential homes free and clear of all liens, claims and
encumbrances, including any mechanic's liens, and to apply
customer deposits if applicable, without further court order
subject to compliance with these protocols:

     (a) If any person has properly filed a mechanic's lien claim
         under applicable North Carolina or Maryland law prior to
         the Petition Date, or under applicable Delaware law
         prior to closing, the Debtors are authorized to sell the
         home free and clear of the Filed Mechanic's Lien Claim,
         provided that: (i) the Debtors and the filed mechanic's
         lien claim holder agree to the amount to be paid to the
         holder of the claim at closing; or (ii) the Debtors
         escrow the amount of the filed mechanic's lien claim
         subject to further court order; and

     (b) If any person files or otherwise attempts to perfect a
         mechanic's lien claim under North Carolina or Maryland
         law after the Petition Date, the Debtors are authorized
         to sell the home free and clear of the asserted lien
         claim, without payment of the claim at closing.

No mechanic's lien claimant will have any claim against the
Debtors' title insurance agents or underwriters or any purchaser
of a home with respect to any asserted mechanic's lien or other
claim or interest relating to any property sold pursuant to, and
in accordance with, the terms of the interim court order.

                            About FPD

Prince Frederick, Maryland-based FPD, LLC, filed for Chapter 11
bankruptcy protection on September 3, 2010 (Bankr. D. Md. Case No.
10-30424).  G. David Dean, II, Esq., and Irving Edward Walker,
Esq., at Cole Schotz Meisel Forman & Leonard P.A., assist the
Debtor in its restructuring effort.  The Debtor estimated its
assets and debts at $1 million to $10 million.

Affiliates Acorn Land, LLC (Bankr. D. Md. Case No. 10-30437),
Breezewood Homes, LLC (Bankr. D. Md. Case No. 10-30441), First
Development Group, LLC (Bankr. D. Md. Case No. 10-30443), MD
Homes, LLC (Bankr. D. Md. Case No. 10-30444), NC Homes, LLC
(Bankr. D. Md. Case No. 10-30445), and Tidewater Land, LLC (Bankr.
D. Md. Case No. 10-30446) filed separate Chapter 11 petitions in
September 2010.

Acorn Land, Breezewood Homes, and MD Homes estimated their assets
and debts at $1 million to $10 million each.  First Development
estimated its assets and debts at $10 million to $50 million.

The Debtors' bankruptcy cases are jointly administered.


FRONTIER COMMUNICATIONS: Fitch Puts BB+ Rating on $190-Mil. Notes
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to Frontier
Communications Corporation's new $190 million senior unsecured
credit facility.  The facility was put into place to support
Frontier's requirements to post a $190 million letter of credit in
West Virginia in connection with certain capital expenditure
commitments made to regulators.  The commitments were made by
Frontier to gain approval in West Virginia of the acquisition of
access lines from Verizon Communications, Inc.  Frontier's Issuer
Default Rating is 'BB+' and the Rating Outlook is Stable.

Frontier's 'BB+' IDR reflects the meaningful improvement
anticipated in its credit profile following the acquisition of
access lines in 14 states from Verizon on July 1, 2010.  Fitch
anticipates that Frontier's pro forma gross debt to EBITDA
(including integration expenses) at year-end 2010 will be in the
3.0 times to 3.1x range -- substantially lower than the 4.3x
recorded at year-end 2009 -- due to the delevering effect of the
transaction.  In addition, Frontier's 25% reduction in its per
share common dividend will redirect cash to the expansion of the
availability of broadband services in the acquired properties, a
key element in the company's plans to reduce access line losses to
competitors.

The company's ratings also reflect Fitch's view of competition and
its effect on Frontier's operations.  Frontier's core rural
telecommunications operations are facing a slow but relatively
stable state of decline due to the continued pressure of
competition as well as a sluggish economic recovery.  Through cost
controls and the marketing of additional services such as high-
speed data, Frontier has been mitigating the effect of access line
losses to cable operators and wireless providers.

In Fitch's view, Frontier's credit metrics have the potential to
strengthen over time.  A Positive Outlook could result if the
company is successful in driving leverage to the mid-2x range, its
dividend payout of free cash flow is 55% or less (and
sustainable), and the Verizon lines have been successfully
integrated.  Fitch also believes an improvement in the performance
of the former Verizon properties under Frontier's rurally-focused
business model would need to be demonstrated.  Conversely, a
Negative Outlook may result if the company's leverage metrics rise
to 3.3x to 3.4x or greater.

Frontier has ample liquidity which is derived from its cash
balances, free cash flow, and its $750 million revolving credit
facility.  At June 30, 2010, Frontier had $231 million in cash
and, in the last 12-month period ending June 30, 2010, free cash
flow was approximately $116 million.  Frontier's expectations for
2010 capital spending range from $220 million to $240 million on a
stand-alone basis, and an additional $180 million will be spent on
integration activities in anticipation of the Verizon line
acquisition.

The new $190 million credit facility matures Sept. 20, 2011,
unless extended until Sept. 20, 2012.  The facility has no
financial ratio covenants, and other negative covenants are
similar to those in its existing facility.

In addition to the new credit facility, liquidity is provided by a
$750 million senior unsecured credit facility, which will be in
place until Jan. 1, 2014.  The $750 million facility will be
available for general corporate purposes but may not be used to
fund dividend payments.  The main financial covenant in the
revolving credit facility requires the maintenance of a net debt-
to-EBITDA level of 4.5x or less during the entire period.  Net
debt is defined as total debt less cash exceeding $50 million.
Frontier has approximately $5 million of debt due in the remainder
of 2010, $280 million due in 2011 and $180 million due in 2012.


FTI CONSULTING: S&P Rates $350 Mil. Senior Unsec. Notes at 'BB'
---------------------------------------------------------------
Standard and Poor's rated FTI Consulting Inc.'s $350 million
Senior Unsecured Notes Due 2020 rated at 'BB' (Recovery
Rating: 5).

U.S. consulting firm FTI has proposed an issuance of $350 million
senior unsecured notes due 2020, and plans to use proceeds to
retire its existing 7.625% notes due 2013 and for general
corporate purposes.

S&P is rating the notes 'BB' with a recovery rating of '5', and
affirming its 'BB+' corporate credit rating on the company.
The stable rating outlook reflects S&P's expectation that FTI will
have moderate revenue and EBITDA growth over the intermediate
term, and that debt leverage will not exceed 3x on a prolonged
basis.


GC HOLDINGS: Case Summary & 8 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: GC Holdings, Inc.
        1220 Page Avenue
        Fremont, CA 94538

Bankruptcy Case No.: 10-70550

Chapter 11 Petition Date: September 15, 2010

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

Judge: Edward D. Jellen

Debtor's Counsel: William C. Lewis, Esq.
                  LAW OFFICES OF WILLIAM C. LEWIS
                  510 Waverly Street
                  Palo Alto, CA 94301
                  Tel: (650)322-3300
                  E-mail: ecf@williamclewis.com

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

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

A list of the Company's eight largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/canb10-70550.pdf

The petition was signed by Richard Tompane, president.


GENERAL GROWTH: Amends Employment Pacts With CEO & COO
------------------------------------------------------
General Growth Properties, Inc., entered into amended and restated
employment agreements with Adam Metz, chief executive officer and
Thomas Nolan, president and chief operating officer, in connection
with the two officers' roles at GGP for up to a year after the
company's emergence from bankruptcy, pursuant to the company's
regulatory filing with the U.S. Securities and Exchange Commission
dated September 10, 2010.

The salient terms of the Agreements are:

  * The Agreements are effective as of the earlier date of the
    effective date of the Third Amended Joint Plan of
    Reorganization and January 1, 2010.

  * The Agreements have a fixed one-year term and provide for a
    base salary of $1,500,000 for Mr. Metz and $1,250,000 for
    Mr. Nolan.

  * Messrs. Metz and Nolan will continue to participate in the
    2010 Cash Value Added Incentive Compensation Plan and
    commencing with the first fiscal year on or after the
    Effective Date, are eligible to participate in the company's
    annual bonus plan in effect with a target bonus opportunity
    of $3,000,000 and $2,400,000.

  * Messrs. Metz and Nolan will be granted 125,000 and 100,000
    shares of restricted common stock, as of the Effective Date.
    The restricted stock will vest in its entirety on the first
    anniversary of the grant date.

  * The Agreements also provide for a gross-up payment for
    certain excise taxes under Section 4999 of the Internal
    Revenue Code, subject to stated limits in the Agreements.

Edmund Hoyt, senior vice president of GGP, notes that if the
company terminates either Mr. Metz's or Mr. Nolan's employment
without "cause" during the Term, the terminated executive is
eligible to receive base salary through the termination date, a
lump sum payment of a pro-rata amount of such executive's Target
Annual Bonus, a lump sum payment equal to seventy five percent of
the sum of executive's base salary through the end of the Term and
the Target Annual Bonus, vesting of the restricted stock, and
continuation of medical benefits through the eighteen month
anniversary of the termination date.

Full-text copies of the Metz Employment Agreement is available for
free at: http://ResearchArchives.com/t/s?6b24

The Nolan Employment Agreement is available at
http://ResearchArchives.com/t/s?6b25

                       About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/--is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 protection on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, serve as bankruptcy counsel.  Kirkland &
Ellis LLP is co-counsel.  Kurtzman Carson Consultants LLC has been
engaged as claims agent.  The Company also hired AlixPartners LLP
as financial advisor and Miller Buckfire Co. LLC, as investment
bankers.  The Debtors disclosed $29,557,330,000 in assets and
$27,293,734,000 in debts as of December 31, 2008.

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


GENERAL GROWTH: Elk Grove Has New Settlement With H.S. Wright
-------------------------------------------------------------
Debtor Elk Grove Town Center L.P. seeks the U.S. Bankruptcy Court
for the Southern District of New York's permission to enter into a
new settlement agreement, lien waiver and release with Howard S.
Wright Constructors, L.P., resolving HSW's prepetition mechanic's
lien claim.

Prepetition, Elk Grove engaged HSW under a contract as general
contractor to furnish all labor, material, tools, equipment and
supervision necessary to produce the buildings, structures,
improvements and related facilities for the Debtor's construction
project known as the Elk Grove Promenade located at 10565 West
Stockton Boulevard, in Elk Grove, California.  HSW terminated the
Construction Contract with the Debtor in February 2009.

Subsequently, HSW timely filed a mechanics' lien for $26,986,121
plus interest, costs, attorneys' fees and other charges for its
work at the Elk Grove Promenade Project.  In April 2009, HSW
initiated an action against the Debtor in the Superior Court of
the State of California, Sacramento County, seeking, among others,
damages and to foreclose on the Lien.  Elk Grove also initiated a
separate cross complaint against HSW.

In November 2009, HSW timely filed two secured Claim Nos. 4792 and
5111, each asserting $26,986,121 against the Debtor and another
Debtor, Elk Grove Town Center, LLC.  Elk Grove and HSW previously
entered into a Court-approved stipulation whereby Elk Grove made
payments to HSW and its subcontractors for $4,561,851.

In June 2010, Elk Grove satisfied the lien claim of one of HSW's
subcontractors, CEI Roofing, Inc. as assigned to Capital
Associates, International, Inc. for $2,330,894.  In connection
with that payment, HSW and Elk Grove entered into another
stipulation whereby they agreed that the principal amount
remaining on the HSW Lien as of June 29, 2010 was $20,543,143,
exclusive of any interest, costs, attorneys' fees and other
charges.

HSW and Elk Grove have agreed that, as of August 30, 2010, the
principal amount of the HSW Lien, representing the entire
prepetition balance resulting from the Contract and the Work HSW
provided is $20,093,375 exclusive of interest and attorneys' fees
-- the Claim.

After arm's-length negotiations, the parties entered into the
Settlement Agreement resolving the Claim.  The salient terms of
the Settlement Agreement are:

  (a) The Debtor agrees to pay HSW 100% of the remaining amount
      of the Claim or $20,093,375, plus statutory interest
      through September 9, 2010 at the rate of 10% per year
      totaling $4,725,914, plus allowed attorneys' fees for
      $145,000.

  (b) HSW agrees to waive any and all present and future claims
      to attorneys' fees, interest and penalties associated with
      the HSW Lien and the Claim.

  (c) HSW agrees to deliver to the escrow agent, prior to
      payment by the Escrow Agent of the settlement payment, a
      full lien release for the HSW Lien as well as any liens or
      other claims from its subcontractors.  HSW will satisfy
      all liens or claims arising from its work at the Elk Grove
      Project against the amounts paid to it under the
      Settlement Agreement and will fully exonerate the Debtor
      from any obligation to any lien holder or claimant
      relating to HSW's work on the Elk Grove Project.

  (d) HSW agrees that the HSW Proofs of Claim will be deemed
      satisfied and will be expunged from the claims register
      upon HSW's receipt of the Settlement Payment.

  (e) HSW and Elk Grove have agree to release all claims and
      causes of action relating to the Elk Grove Project, the
      Contract, or the Work.  Notwithstanding the mutual
      release, provided that Elk Grove provides written notice
      of any specific claims before December 31, 2010, Elk Grove
      reserves any and all claims and causes of action relating
      to the Work performed by HSW and its subcontractors on the
      offsite public improvements and HSW reserves all defenses
      thereto.

  (f) HSW agrees to indemnify, defend and hold harmless the
      Debtors against any claims or cause of action asserted by
      HSW or its subcontractors, suppliers, or other parties
      providing labor, materials, equipment or supplies in
      connection with the work performed at the Elk Grove
      Project due to claims for non-payment or tort claims due
      to HSW's negligence.

Adam P. Strochak, Esq., at Weil, Gotshal & Manges LLP, in New
York, stresses that interest was accruing at the per diem rate of
$5,520 and interest will continue to accrue should the Settlement
Agreement not be approved.  Against this backdrop, the Debtors
believe that settling the HSW Claim now, under the Settlement
Agreement, provides an opportunity for their estates to realize a
more favorable resolution than waiting until later in the
reorganization process, he relates.

The Court will consider the Debtor's request on September 23,
2010.  Objections are due September 20.

                       About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 protection on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, serve as bankruptcy counsel.  Kirkland &
Ellis LLP is co-counsel.  Kurtzman Carson Consultants LLC has been
engaged as claims agent.  The Company also hired AlixPartners LLP
as financial advisor and Miller Buckfire Co. LLC, as investment
bankers.  The Debtors disclosed $29,557,330,000 in assets and
$27,293,734,000 in debts as of December 31, 2008.

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


GILL & SURINDER: Case Summary & 16 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Gill & Surinder, LLC
        9041 Brighton Road
        Henderson, CO 80640

Bankruptcy Case No.: 10-33318

Chapter 11 Petition Date: September 14, 2010

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Elizabeth E. Brown

Debtor's Counsel: Garry R. Appel, Esq.
                  APPEL & LUCAS, P.C.
                  1917 Market St., Ste. A
                  Denver, CO 80202
                  Tel: (303) 297-9800
                  E-mail: appelg@appellucas.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/cob10-33318.pdf

The petition was signed by Balwinder Gill, member/manager.


GOTTSCHALKS INC: Expects Wider Net Loss for July 31 2010 Qtr.
-------------------------------------------------------------
Gottschalks Inc. disclosed in a regulatory filing Tuesday that it
will not be able to file its quarterly report on Form 10-Q for the
period ended July 31, 2010, within the prescribed period.

The Company was also not able to file its Form 10-K for the fiscal
year ended January 31, 2009, its quarterly reports on Form 10-Q
for the fiscal quarters ended May 2, August 1, and October 31,
2009, its Form 10-K for the fiscal year ended January 30, 2010,
and its quarterly report on Form 10-Q for the fiscal quarter ended
May 1, 2010.

The Company anticipates that there will be a significant change in
results of operations for the three months and six months ended
July 31, 2010, as compared to the same periods ended August 1,
2009.  The Company anticipates specifically that the results will
reflect an operating loss and a net loss for each of the three
months and six months that could be significantly greater than in
the prior year periods due, in part, to the closure of 59 full-
line Gottschalks department stores and 3 specialty stores; the
cessation of retail operations; potential asset impairment
charges; the results of certain on-going liquidation sales of
remaining assets; the winding down of operations; and increased
professional fees and costs related to the Company's Chapter 11
proceedings.  Because of the on-going work associated with the
Chapter 11 proceedings, the Company is currently unable to provide
a reasonable estimate of its results of operations for the three
months and six months ended July 31, 2010.

As of November 1, 2008, the Company's balance sheet showed
$364.8 million in assets, $272.3 million in liabilities, and
$92.4 million in stockholders' equity.

                      About Gottschalks Inc.

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- http://www.gottschalks.com/-- was a
department and specialty store chain in United States that
operated 58 full-line department stores and 3 specialty stories
in 6 western states.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  Stephen H. Warren, Esq.,
Karen Rinehart, Esq., Alexandra B. Redwine, Esq., and Ana Acevedo,
Esq., at O'Melveny & Myers LLP, represents the Debtor as counsel.
Mark D. Collins, Esq., Michael J. Merchant, Esq., and Lee E.
Kaufman, Esq., at Richards, Layton & Finger, P.A., serve as the
Debtors' co-counsel.  The Debtor selected Kurtzman Carson
Consultants LLC as its claims agent.  When the Debtor filed for
protection from its creditors, it disclosed $288,438,000 in
total assets and $197,072,000 in total debts.


GRAPHIC PACKAGING: Fitch Expects to Rate Senior Bonds at 'B/RR4'
----------------------------------------------------------------
Fitch Ratings expects to rate Graphic Packaging Holding Company's
new senior unsecured bonds 'B/RR4' when issued.  GPK announced a
new issue of up to $250 million of senior unsecured notes due
2018, the proceeds of which are intended to help pay for the
tender of a like amount of the company's 9.5% senior subordinated
notes due August 2013.  The tender for the senior subordinated
notes, also announced, is due to expire on Oct. 14, 2010, unless
extended.

The new senior notes issue is intended to be priced and, as with
GPK's other public notes, will be issued by Graphic Packaging
International, Inc. and guaranteed by certain domestic
subsidiaries, GPK, and Graphic Packaging Corporation.  The ratings
for GPK's various classes of debt are:

  -- Issuer Default Rating at 'B';
  -- Senior secured revolver at 'BB/RR1';
  -- Senior secured term loans at 'BB/RR1';
  -- Senior unsecured bonds at 'B/RR4';
  -- Senior subordinated notes at 'CCC/RR6'.

The Rating Outlook is Stable.

GPK's coated recycled boxboard and coated unbleached kraft year-
to-date shipments are 1.4% ahead of last year, and Fitch expects
EBITDA margins will improve slightly in the back half of 2010 from
14% in the first half due to contractual pricing mechanisms.  Net
debt of $2.7 billion was 4.7 times EBITDA at the end of the second
quarter and could improve to 4.0x by the close of the year
contingent on a continuing improvement in packaging volumes and an
absence of any inflationary shocks to GPK's cost structure.  Fitch
anticipates free cash flow in excess of $200 million for the year
without a need for any draws under the company's secured
$400 million revolver.  Key covenants within that agreement
specify a maximum consolidated secured leverage ratio of 4.75x; at
the end of the second quarter GPK was easily in compliance
reporting 2.89x.

In substance the early refunding of the senior subordinated notes
is viewed as a positive credit event as the coupon on the new
senior notes will be substantially lower, and debt maturities will
be pushed out, leaving only term loan amortizations as immediate
cash calls.


GRAPHIC PACKAGING: Moody's Assigns 'B3' Rating on $250 Mil. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Graphic
Packaging International, Inc.'s proposed $250 million senior notes
due 2018.  Moody's also affirmed the B1 corporate family rating
and the company's other existing debt ratings.  The proceeds from
the proposed note offering will be used to redeem $250 million of
the existing 9.50% senior subordinated notes due 2013 and pay
related fees and expenses.  In addition, Moody's affirmed the
company's SGL-2 speculative grade liquidity rating and the outlook
remains stable.

                        Ratings Rationale

The B1 corporate family rating captures Graphic Packaging's
leading position in folding consumer cartons, coated unbleached
kraft paperboard, coated recycled boxboard, and multi-wall bag.
In addition to extensive customer relationships, the ratings are
supported by continued focus on cost improvements, margin
stability and good liquidity.  Nonetheless, the ratings reflect
Graphic Packaging's high leverage, weak demand trends in the
paperboard sector, and exposure to potentially high input costs.
The company's highly-leveraged capital structure increases
refinancing risk within the credit profile over the intermediate
term.

The stable outlook reflects improved margins and reduced debt
levels.  Weak demand levels within the paperboard sector are still
impacting operating results and may affect pricing, but Moody's
believes the company will be able to sustain margin improvements
over the rating horizon.  Graphic Packaging operates in the more
stable food and beverage end markets, thus the company's
integrated network, executed synergies and cost reduction plans
will allow it to reduce financial leverage over the next twelve to
eighteen months in support of the B1 corporate family rating.

Moody's could upgrade the ratings and/or outlook if it is evident
that the company sustains EBITDA margins in the mid-teens, RCF-
Capex/Debt above 5%, and Debt/EBITDA below 4.5x on an adjusted
basis.  The ratings may be downgraded should the company face
significant price and volume deterioration, persistent negative
free cash flow, or a material deterioration in liquidity
arrangements.  The ratings could also be downgraded if its
leverage ratio exceeds 6.0x on an adjusted basis.

Ratings Assigned:

Issuer: Graphic Packaging International, Inc.

  -- Senior unsecured notes, B3 (LGD5, 87%)

Graphic Packaging International, Inc., located in Marietta,
Georgia, is a provider of paperboard packaging solutions.


GRAPHIC PACKAGING: S&P Assigns 'B' Rating on $250 Mil. Notes
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' issue-level
rating (two notches below the corporate credit rating) and '6'
recovery rating to Graphic Packaging International Inc.'s proposed
$250 million senior unsecured notes due 2018.  The notes are
expected to be issued under its shelf registration for well-known
and seasoned issuers filed on April 27, 2010.

The '6' recovery rating indicates S&P's expectation of negligible
(0%-10%) recovery in the event of a payment default.  The notes
are expected to rank equally with all other existing and future
unsecured and unsubordinated indebtedness.

The corporate credit rating on Graphic Packaging is 'BB-' and the
rating outlook is positive.

The company will use proceeds from the proposed note issuance,
combined with cash on hand, to fund the tender offer for
$250 million of its existing 9.5% senior subordinated notes due
2013 and for fees and expenses.

Graphic Packaging manufactures paperboard, most of which it uses
internally to produce beverage carriers or folding cartons for
food, household goods, and other consumer products that tend to be
recession-resistant.  As a result, in S&P's opinion, the company's
paperboard segment (about 85% of sales) fared relatively well
during the U.S. recession, with revenue declining by less than 5%.
With modest economic improvement, S&P expects demand for
paperboard packaging to gradually improve over the next several
quarters, and revenue to be relatively flat in 2010 compared with
2009 as contractually lower prices offset modestly higher volumes.
Nonetheless, recent price increases should begin to benefit the
company in the second half of 2010, with the full effect realized
in 2011.  Adjusted EBITDA and operating margins (before
depreciation and amortization) continue to improve because of on-
going productivity improvements, cost savings, and full
realization of acquisition synergies.  Despite S&P's expectations
of relatively flat revenue this year and higher average raw
material costs, S&P expects adjusted operating margins in the mid-
15% area in 2010, with further upside in 2011 to around 16% as
prices increase contractually.

The ratings on GPK reflect the company's improving, but still
aggressive financial risk profile represented by its considerable
debt burden.  The ratings also incorporate GPK's satisfactory
business risk profile, which garners support from the company's
leading market positions, long-term customer relationships, and
value-added product mix; relatively steady earnings capacity;
S&P's expectations for sizable free cash flow; the company's
stated commitment to reduce debt; and sufficient near-term
liquidity.

                          Ratings List

               Graphic Packaging International Inc.

  Corporate credit rating                        BB-/Positive/--

                        Ratings Assigned

         $250 Mil. Senior Unsecured Notes Due 2018      B
          Recovery Rating                               6


GREENWOOD ESTATES: Can Access Capmark's Cash Until September 30
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized, on an interim basis, Greenwood Estates MHC, LLC, to
use cash securing obligation to Capmark Finance, Inc.

The Debtor may access the cash collateral to fund its Chapter 11
case, pay suppliers and other parties until September 30.

The Court scheduled a September 29 interim hearing to consider the
Debtor's request to further access the cash collateral.

As reported in the Troubled Company Reporter on August 16, 2010,
the Debtor's manufactured home community in Greenwood, Indiana, is
subject to a purported first mortgage in favor of Capmark
purportedly securing a claim of $25 million.

As adequate protection for any diminution in value of the lenders'
collateral, the Debtor will maintain and pay premiums for
insurance to cover all of its assets from fire, theft and water
damage.  The Debtor will, upon reasonable request, make available
to Capmark evidence of that which constitutes its collateral or
proceeds.  The Debtor will properly maintain its assets in good
repair and properly manage the Property.  As adequate protection
for use of the rents, income and any other revenues generated from
the Property on and after the Petition Date, the Debtor will grant
Capmark replacement liens upon post-petition rents and property
that the Debtor acquires after the Petition Date.

Any income or revenue generated by the Debtor subsequent to the
Petition Date which remains after the payment of the expenses will
be segregated by depositing that cash in a newly opened bank
account which will contain only the excess cash and won't be
comingled with any other funds.

                     About Greenwood Estates

Chicago, Illinois-based Greenwood Estates MHC, LLC, filed for
Chapter 11 bankruptcy protection on July 30, 2010 (Bankr. N.D.
Ill. Case No. 10-33988).  Eugene Crane, Esq., at Crane Heyman
Simon Welch & Clar, assists the Debtor in its restructuring
effort.  The Debtor estimated its assets and debts at $10 million
to $50 million.


GREYSTONE LOGISTICS: HoganTaylor LLP Raises Going Concern Doubt
---------------------------------------------------------------
Greystone Logistics, Inc., filed on September 14, 2010, its annual
report on Form 10-K for the fiscal year ended May 31, 2010.

HoganTaylor LLP, in Tulsa, Okla., expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that at May 31, 2010, the Company has a
stockholders' deficit of $7.7 million and a working capital
deficit of $12.6 million.

The Company reported net income of $503,320 on $16.2 million of
revenue for fiscal 2010, compared with net income of $912,401 on
$16.7 million of revenue for fiscal 2009.

Greystone has incurred significant losses from operations;
however, for the past three years Greystone has produced positive
net income and cash flows from operations.  Due to the magnitude
of prior losses, the Company remains highly leveraged and the
majority of its bank debt is due within one year.  Due to the
uncertain market in which Greystone operates, there is no
assurance that Greystone will continue to achieve operating
profitability or otherwise obtain funds necessary to finance
continued operations.

The Company's balance sheet at May 31, 2010, showed $10.1 million
in total assets, $17.8 million in total liabilities, and a
stockholders' deficit of $7.7 million.

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

               http://researcharchives.com/t/s?6b3f

Tulsa, Okla.-based Greystone Logistics, Inc. Greystone Logistics,
Inc. (OTC BB: GLGI.OB - News) --
http://www.greystonelogistics.com/-- manufactures and sells
recycled plastic pallets through its wholly owned subsidiary,
Greystone Manufacturing, L.L.C., an Oklahoma limited liability
company.  As of May 31, 2010, Greystone had an aggregate
production capacity of approximately 70,000 pallets per month.


HANSEN MEDICAL: Hires Deloitte & Touche as Independent Auditors
---------------------------------------------------------------
On September 7, 2010, Hansen Medical, Inc., dismissed
PricewaterhouseCoopers LLP as the Company's independent registered
public accountant.  The dismissal of PwC was approved by the Audit
Committee of the Board of Directors of the Company.

Based on the Audit Committee's approval, the Company engaged
Deloitte & Touche LLP on September 13, 2010, as the Company's
independent registered public accountant for the fiscal year
ending December 31, 2010.

                       About Hansen Medical

Based in Mountain View, Calif., Hansen Medical, Inc. (Nasdaq:
HNSN) -- http://www.hansenmedical.com/-- develops products and
technology using robotics for the accurate positioning,
manipulation and control of catheters and catheter-based
technologies.  The Company's robotic navigation system enables
clinicians to place mapping catheters in hard-to-reach anatomical
locations within the heart easily, accurately and with stability
during complex cardiac arrhythmia procedures.

The Company's balance sheet at June 30, 2010, showed $76.2 million
in total assets, $26.8 million in total liabilities, and
stockholders' equity of $49.4 million.

                          *     *     *

PricewaterhouseCoopers LLP, in San Jose, 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 and negative cash flows from operations since
inception.


HANSEN MEDICAL: Posts $10.9 Million Net Loss in June 30 Quarter
---------------------------------------------------------------
Hansen Medical, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $10.9 million on $7.0 million of revenue
for the three months ended June 30, 2010, compared with a net loss
of $14.7 million on $2.9 million of revenue for the same period of
2009.

As of June 30, 2010, the Company had an accumulated deficit of
$235.0 million.

The Company's balance sheet at June 30, 2010, showed $76.2 million
in total assets, $26.8 million in total liabilities, and
stockholders' equity of $49.4 million.

PricewaterhouseCoopers LLP, in San Jose, 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 and negative cash flows from operations since
inception.

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

               http://researcharchives.com/t/s?6b38

                       About Hansen Medical

Based in Mountain View, Calif., Hansen Medical, Inc. (Nasdaq:
HNSN) -- http://www.hansenmedical.com/-- develops products and
technology using robotics for the accurate positioning,
manipulation and control of catheters and catheter-based
technologies.  The Company's robotic navigation system enables
clinicians to place mapping catheters in hard-to-reach anatomical
locations within the heart easily, accurately and with stability
during complex cardiac arrhythmia procedures.


HEALTHSOUTH CORP: Presents Strategy to Improve Liquidity
--------------------------------------------------------
HealthSouth Corporation participated in the Morgan Stanley Global
Healthcare Conference in New York City on Sept. 13 & 14, 2010.  As
The Company presented its strategy and financial performance and
discussed industry trends and dynamics.

The Company's objectives are to ensure it maintains adequate
liquidity and to enhance the flexibility of its capital structure.

To achieve these objectives, the Company's capital structure
priorities are:

  * Extend the maturity date of the Company's $400 million
    revolving credit facility to 2014 or beyond;

  * Refinance all or substantially all of the Company's
    approximately $450 million term loan due in March 2013; and

  * Opportunistically retire/refinance the Company's term loan due
    2015 and the Company's 10.75% Senior Notes due 2016.

Subject to market conditions, execution of the Company's capital
structure strategy could begin during the fall of 2010.

A full-text copy of the Presentation is available for free at
http://ResearchArchives.com/t/s?6b3e

                      About HealthSouth Corp.

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

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

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


HELLER EHRMAN: Plan of Liquidation Wins Court Approval
------------------------------------------------------
The Hon. Dennis Montali of the U.S. Bankruptcy Court for the
Northern District of California confirmed Heller Ehrman, LLP's
Plan of Liquidation, amended as of August 9, 2010.

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

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

                        Treatment of Claims

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

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

      http://bankrupt.com/misc/HellerEhrman_PlanAug9.pdf

                     About Heller Ehrman, LLP

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

Heller Ehrman filed a voluntary petition under Chapter 11 of the
Bankruptcy Code on December 28, 2008 (Bankr. N.D. Calif., Case No.
08-32514).  Members of the firm's dissolution committee led by
Peter J. Benvenutti approved a plan dated September 26, 2008, to
dissolve the firm.  The Hon. Dennis Montali presides over the
case.  Pachulski Stang Ziehl & Jones LLP assists the Debtor in its
restructuring effort.  The Official Committee of Unsecured
Creditors is represented Felderstein Fitzgerald Willoughby &
Pascuzzi LLP.  The firm estimated assets and debts at $50 million
to $100 million.  According to reports, the firm still had roughly
$63 million in assets and 54 employees at the time of its filing.


HERITAGE STANDARD: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Heritage Standard Corporation
        2911 Turtle Creek Boulevard, Suite 850
        Dallas, TX 75219

Bankruptcy Case No.: 10-36485

Chapter 11 Petition Date: September 14, 2010

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

Judge: Harlin DeWayne Hale

Debtor's Counsel: Kevin D. McCullough, Esq.
                  ROCHELLE MCCULLOUGH L.L.P.
                  325 N. St. Paul Street, Suite 4500
                  Dallas, TX 75201
                  Tel: (214)953-0182
                  Fax: (214)953-0185
                  E-mail: kdm@romclawyers.com

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

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

The petition was signed by Michael B. Wisenbaker, president.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Heritage Consolidated, LLC            10-36484          09/14/10

Heritage Standard's List of 20 Largest Unsecured Creditors:

          Entity                    Nature of Claim   Claim Amount
          ------                    ---------------   ------------
Aquila Drilling Company LP          Trade               $4,926,430
2525 Kell Boulevard, Suite 405
Wichita Falls, TX 76308

Pathfinder Energy Services, Inc.    Trade               $1,566,000
6213 W. Interstate 20
Midland, TX 79706-3347

Weatherford US LP                   Trade                 $826,375
11943 Fm 529 Road
Houston, TX 77041

C.C. Forbes Company LP              Trade                 $793,845
4783 S. US Highway 281
Alice, TX 78332

SWACO                               Trade                 $718,747
8522 Andrews Highway
Odessa, TX 79765-2831

Aries Well Service, Inc.            Trade                 $469,997
2626 W. Marland
P.O. Box 784
Hobbs, NM 88240

Simons Petroleum                    Trade                 $259,316
210 Park Avenue, Suite 1800
Oklahoma City, OK 73102

Coastal Chemical Co., LLC           Trade                 $244,723

Patterson Rental Tools              Trade                 $229,160

ITS Rental & Sales                  Trade                 $224,918

Arguijo Oilfield Serv., Inc.        Trade                 $193,318

Smith International, Inc.           Trade                 $188,760

Nave Oil & Gas, LLC                 Trade                 $188,089

O-TEX Pumping, LLC                  Trade                 $185,050

Frac Tech Services, Ltd             Trade                 $153,721

Well-Foam, Inc.                     Trade                 $152,881

Liberty Pump & Supply Co.           Trade                 $147,595

Double R. Pipe & Supply, Inc        Trade                 $139,915

Baker Oil Tools                     Trade                 $119,850

O-D Rentals                         Trade                 $113,643


HFG 231: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: HFG 231, LLC
        736 Bryant Street
        Woodmere, NY 11598

Bankruptcy Case No.: 10-77208

Chapter 11 Petition Date:

Court: U.S. Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Alan S. Trust

Debtor's Counsel: Joseph S. Maniscalco, Esq.
                  LAMONICA HERBST MANISCALCO
                  3305 Jerusalem Avenue
                  Wantagh, NY 11793
                  Tel: (516) 826-6500
                  Fax: (516) 826-0222
                  E-mail: jsm@lhmlawfirm.com

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

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

The petition was signed by Shem Rokeach, member.

Debtor's List of six Largest Unsecured Creditors:

          Entity                    Nature of Claim   Claim Amount
          ------                    ---------------   ------------
Hospitality Investors Group, LLC    --                  $1,000,000
7417 South Flagler Drive
West Palm Beach, FL 33405

Hamilton Financial Group, LLC       --                    $526,039
736 Bryant Street
Woodmere, NY 11598

Troutman Sanders, LLP               --                     $47,628
405 Lexington Avenue
New York, NY 10174

Margolin Winer & Evans              --                      $3,000

Tannenbaum, Helpern, Syracuse &     --                      $1,559
Hirschtritt, LLP

Rhodes Building Management, Inc.    --                        $500


HUNTER LAKES: Case Summary & Largest Unsecured Creditor
-------------------------------------------------------
Debtor: Hunter Lakes, LLC
        7215 East 21st Street, Suite A
        Indianapolis, IN 46219

Bankruptcy Case No.: 10-13855

Chapter 11 Petition Date: September 14, 2010

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

Judge: Anthony J. Metz III

Debtor's Counsel: James S. Kowalik, Esq.
                  HOSTETLER AND KOWALIK, P.C.
                  101 W Ohio St., Suite 2100
                  Indianapolis, IN 46204
                  Tel: (317) 262-1001
                  Fax: (317) 262-1010
                  E-mail: jsk@hostetler-kowalik.com

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

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

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

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
The Huntington National   63 acres of            $3,760,308
Bank                      vacant land
45 North Pennsylvania Street
Suite 400
Indianapolis, IN 46204

The petition was signed by Ronald E. Farren, member.


ICONIX BRAND: S&P Affirms Corporate Credit Rating at 'B+'
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Iconix Brand Group.  The outlook is stable.

Concurrently, S&P affirmed the 'BB' issue rating on its senior
term debt.  The recovery rating is '1', which indicates S&P's
expectation of very high (90% to 100%) recovery for lenders in the
event of payment default.  S&P also raised the issue rating on the
company's senior subordinated notes to 'B+' (same as the corporate
credit rating) from 'B'.  S&P revised the recovery rating to '3',
which indicates its expectation of meaningful (50% to 70%)
recovery for lenders in the event of payment default, from '5'.

"S&P raised the issue-level rating and revised the recovery rating
on Iconix's senior subordinated notes as a result of the term loan
prepayment and incremental revenue generated from the company's
recent acquisitions over the last twelve months," said Standard &
Poor's credit analyst Jacqueline Hui.  "The ratings on Iconix
Brand Group reflect what S&P view as the company's aggressive
financial risk profile and its participation in the highly
competitive and volatile fashion apparel industry, which S&P
believes supports a weak business risk profile," Ms. Hui added.
Other factors include licensing contract renewal risk, predictable
royalty income-based business model and high margins.  S&P
believes credit metrics are currently strong for the rating
category; however, the ratios are somewhat volatile due to the
company's highly acquisitive nature.  Nevertheless, S&P expects
the company to maintain credit measures at least in line with the
'B+' category mediums if it makes further acquisitions.

S&P believes the company has an aggressive growth strategy, as
demonstrated by the 25 brands acquired since 2004.  The company
continues to expand its international presence through a joint
venture in Europe formed in December 2009, in addition to its 2008
joint ventures in China and Latin America.  Its most recent
acquisitions include a 51% controlling interest in Ecko brands in
October 2009, a 50% interest in MG Icon in March 2010 and an 80%
interest in Peanuts Holdings in June 2010.  With the majority of
its sales abroad, the company further expands its international
presence.  Standard & Poor's expects the company to continue to
make acquisitions and enter into partnerships to diversify its
brand portfolio and build scale to support its licensing business.

Iconix's expanding portfolio includes certain brands that required
revitalization and the company has been able to grow these brands,
which include Bongo, London Fog, and Rampage.  The portfolio also
consists of several already popular brands, such as Mossimmo,
Candie's, and Mudd, some of which the company successfully
rejuvenated in recent years.  Moreover, the vast majority of the
portfolio enjoys strong overall brand recognition.  The company's
royalty-based business model is predicated upon providing brand
management and trend direction for the licensees, which generate a
predictable stream of royalty income.  This model generates very
significant margins as the licensee is responsible for design,
manufacturing, logistics and working-capital management.  However,
there is licensing contract renewal risk, as the majority of the
licensing contracts are between three and five years at the
licensee's option to renew upon expiration.

The stable outlook reflects the company's ability to maintain
solid operating margins and adequate liquidity amid a still
uncertain retail environment.  S&P expects Iconix to maintain high
EBITDA margins and cash flows resulting from its growing royalty
income streams.  S&P could lower the rating if the company cannot
generate the expected levels of royalty income, possibly as a
result of an inability to renew its licensing agreements,
resulting in its financial condition deteriorating, the covenant
cushion level tightening, and leverage increasing to over 4.5x.
An EBITDA decline of 27% would cause leverage to rise to 4.5x.
Although unlikely in the near term, S&P may consider a higher
rating if the company achieves and sustains strong operating
results, mitigates its license renewal risk, and reduces debt
leverage to 2.5x.  S&P estimates this scenario could occur if
EBITDA increased 31% (assuming debt levels do not significantly
change).


INFINISTAFF LLC: Case Summary & 4 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Infinistaff,LLC
        fdba Outsol,LLC
        58 River Street
        Milford, CT 06460

Bankruptcy Case No.: 10-32733

Chapter 11 Petition Date: September 13, 2010

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Judge: Lorraine Murphy Weil

Debtor's Counsel: Peter L. Ressler, Esq.
                  GROOB RESSLER & MULQUEEN
                  123 York Street, Suite 1B
                  New Haven, CT 06511-0001
                  Tel: (203) 777-5741
                  Fax: (203) 777-4206
                  E-mail: ressmul@yahoo.com

Estimated Assets: $0 to $50,000

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

A list of the Company's four largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ctb10-32733.pdf

The petition was signed by Jason Sheehan, member.


ISLAND ONE: Bay Harbour Interested in Investing
-----------------------------------------------
NetDockets reports that Island One, Inc. and its debtor-affiliates
operate these resorts:

   -- Barefoot'n in the Keys (Kissimmee, Florida)
   -- Bryan's Spanish Cove (Orlando, Florida)
   -- Liki Tiki Village (Orlando)
   -- Orbit One Vacation Villas (Orlando)
   -- Parkway International Resort (Orlando)
   -- Charter Club (Naples, Florida)
   -- The Cove on Ormond Beach (Ormond Beach, Florida)
   -- The Crescent Resort on South Beach (Miami, Florida)
   -- Chenay Bay Resort (St. Croix, U.S. Virgin Islands)

According to netDockets, the Debtors have been in default under
loan facilities from Textron Financial Corporation, Liberty Bank,
N.A. and BB&T Acquired Assets Group for several months but have
been operating under forbearance agreements.  The report relates
that the Debtors are obligated to Textron, Liberty and BB&T in the
approximate amounts of $99 million, $7.9 million, and $39 million,
respectively, and those obligations are secured by certain of the
companies' assets.  netDockets, citing court documents, says that
the assets securing the BB&T obligations have a value of
$46.8 million, but that the values of the assets securing the
Textron and Liberty obligations are "uncertain."

During the forbearance period, the report notes, the Debtors and
their lenders have had on-going discussions with Bay Harbour
Management regarding a potential sale of the Debtors' equity to
Bay Harbour.  However, court documents report that the Debtors'
cash needs exceeded their outstanding availability and the Debtors
"feared that they may have to reduce or even cease certain
operations" which would jeopardize the sale of their assets or
equity, the report discloses.  Therefore, netDockets adds, the
Debtors determined to file for chapter 11 but they report that Bay
Harbour "has informed the debtors that it is interested in
entering into immediate negotiations for purchase of the equity."

                       About Island One

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.

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


JACOBS FINANCIAL: Operating Losses Prompt Going Concern Doubt
-------------------------------------------------------------
Jacobs Financial Group, Inc., filed on September 13, 2010, its
annual report on Form 10-K for the fiscal year ended May 31, 2010.

Malin, Bergquist & Company, LLP, in Pittsburgh, Pa., expressed
substantial doubt about Jacobs Financial's ability to continue as
a going concern.  The independent auditors noted of the Company's
significant net working capital deficit and operating losses.

The Company reported a net loss attributable to common
stockholders of $2.7 million on $1.4 million of revenue for fiscal
2010, compared to a net loss attributable to common stockholders
of $3.1 million on $1.2 million of revenue for fiscal 2009.

The Company's balance sheet at May 31, 2010, showed $7.8 million
in total assets, $11.5 million in total liabilities, $3.0 million
in mandatorily redeemable preferred stock, and a stockholders'
deficit of $6.7 million.

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

               http://researcharchives.com/t/s?6b35

                      About Jacobs Financial

Jacobs Financial Group, Inc. (OTC Bulletin Board: JFGI) is a
Charleston, West Virginia-based holding company for First Surety
Corporation, a West Virginia domiciled surety, Triangle Surety
Agency, an insurance agency that specializes in coal reclamation
surety bonds, and Jacobs & Company, a registered investment
advisor.


JEFFRY FORCIER: Case Summary & 14 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Jeffry Dean Forcier
        2405 Main Street
        Napa, CA 94558

Bankruptcy Case No.: 10-13516

Chapter 11 Petition Date: September 13, 2010

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

Judge: Alan Jaroslovsky

Debtor's Counsel: Michael C. Fallon, Esq.
                  LAW OFFICES OF MICHAEL C. FALLON
                  100 E. Street, #219
                  Santa Rosa, CA 95404
                  Tel: (707) 546-6770
                  E-mail: mcfallon@fallonlaw.net

Scheduled Assets: $1,136,675

Scheduled Debts: $1,675,742

A list of the Debtor's 14 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-13516.pdf


JENNIFER DERVIS: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Jennifer J. Dervis
        96 Elm Street
        Somerville, MA 02144

Bankruptcy Case No.: 10-19973

Chapter 11 Petition Date: September 13, 2010

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

Judge: Henry J. Boroff

Debtor's Counsel: Philip C. Silverman, Esq.
                  ANDERSON AQUINO LLP
                  240 Lewis Wharf
                  Boston, MA 02110
                  Tel: (617) 723-3600
                  Fax: (617) 723-3699
                  E-mail: psilverman@andersonaquino.com

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

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

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


JOHN CAHILL: Case Summary & 13 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: John P. Cahill
        507 Ridgelawn Trail
        Batavia, IL 60510

Bankruptcy Case No.: 10-40929

Chapter 11 Petition Date: September 13, 2010

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

Judge: Jack B. Schmetterer

Debtor's Counsel: Forrest L. Ingram, Esq.
                  FORREST L. INGRAM, P.C.
                  79 W Monroe Street, Suite 900
                  Chicago, IL 60603
                  Tel: (312) 759-2838
                  Fax: (312) 759-0298
                  Email: fingram@fingramlaw.com

Scheduled Assets: $1,138,037

Scheduled Debts: $880,347

A list of the Debtor's 13 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/ilnb10-40929.pdf


KEVIN O'KEEFE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Kevin C. O'Keefe
          dba MORTCO
        130 San Marino Drive
        San Rafael, CA 94901

Bankruptcy Case No.: 10-13522

Chapter 11 Petition Date: September 13, 2010

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

Judge: Alan Jaroslovsky

Debtor's Counsel: Michael C. Fallon, Esq.
                  LAW OFFICES OF MICHAEL C. FALLON
                  100 E. Street, #219
                  Santa Rosa, CA 95404
                  Tel: (707) 546-6770
                  E-mail: mcfallon@fallonlaw.net

Scheduled Assets: $3,267,289

Scheduled Debts: $4,225,240

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-13522.pdf


KNIGHT STOKES: Case Summary & 15 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Knight Stokes, LLC
          dba Beaver Creek Mobile Home Park
          dba Perkins Mobile Home Park
        P.O. Box 1929
        Loganville, GA 30052

Bankruptcy Case No.: 10-31651

Chapter 11 Petition Date: September 14, 2010

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

Debtor's Counsel: William A. Rountree, Esq.
                  MACEY, WILENSKY, KESSLER & HENNINGS, LLC
                  230 Peachtree Street NW, Suite 2700
                  Atlanta, GA 30303-1561
                  Tel: (404) 584-1244
                  Fax: (404) 681-4355
                  E-mail: mharris@maceywilensky.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 15 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/gamb10-31651.pdf

The petition was signed by Todd M. Hogan, managing member.


KNOLOGY INC: Moody's Assigns 'B1' Rating on $770-Mil. Loan
----------------------------------------------------------
Moody's Investors Service assigned B1 ratings to Knology, Inc.'s
$770 million of proposed First Lien Senior Secured Bank Credit
Facilities and affirmed the company's existing B1 Corporate Family
Rating and B2 Probability of Default Rating.  The new credit
facilities will refinance Knology's $639 million of existing
credit facilities (under which approximately $577 million is
expected to be outstanding at closing, and the ratings for which
will be withdrawn upon successful completion of the refinancing
and corresponding debt repayment) and augment excess cash balances
of approximately $52 million to fund the announced $165 million
acquisition of Sunflower Broadband later this year.  The
Speculative Grade Liquidity Rating remains SGL2, indicating "good"
proforma liquidity, and the rating outlook remains stable.

This summarizes Moody's ratings and the rating actions for
Knology:

* Corporate Family Rating -- affirmed B1

* Probability of Default Rating -- affirmed B2

* Speculative Grade Liquidity Rating -- SGL-2

* $570 million Gtd. Sr. Sec. Term Loan B due 2016 - assigned B1
  (LGD-3, 34%)

* $150 million Gtd. Sr. Sec. Term Loan A due 2015 - assigned B1
  (LGD-3, 34%)

* $50 million Gtd. Sr. Sec. Revolving Credit Facility due 2015 --
  assigned B1 (LGD-3, 34%)

* $614 million Gtd. Sr. Sec. Term Loan due 6/30/12 -- B1 (LGD-3,
  33%)*

* $25 million Gtd. Sr. Sec. Revolving Credit Facility due 6/30/12
  -- B1 (LGD-3, 33%)^

^ to be withdrawn upon successful completion of the proposed
  refinancing and corresponding debt repayment

                        Ratings Rationale

Knology's B1 CFR continues to broadly reflect the company's
comparatively small size and the underlying business risks
inherent to its "overbuilder" operating model, including
intensifying competition from larger and better capitalized cable
and direct broadcast satellite companies and telecom operators.
Ratings are also constrained by the company's moderately high
financial leverage and acquisitive growth strategy,
notwithstanding generally successful historical integration and
partial cash funding of the latter.  Over time Moody's expect
these risks may be somewhat better mitigated by ongoing growth of
the company's customer base, whether through additional
acquisitions or further penetration of the existing subscriber
base via market share gains.  Knology's ratings are supported by
its attractive footprints in secondary and tertiary markets and
the company's history of meeting planned targets, including
improved free cash flow generation, EBITDA growth and absolute
debt reduction.  Key credit metrics have strengthened over the
past couple of years, with debt-to-EBITDA declining to 4.2x and
free cash flow-to-debt approximating 8% at 6/30/2010
(incorporating Moody's standard adjustments) from 4.7x and 6%,
respectively, at the beginning of 2009.  Ratings also continue to
reflect Knology's deemed good liquidity profile, which is
supported by access to external sources of funds and the company's
improved cash generating capabilities.

On August 4, 2010, Knology announced a definitive agreement to
acquire the assets of Sunflower Broadband, an incumbent cable
multiple system operator serving residential and business
customers in Kansas (approximately 54 thousand homes passed and
105 thousand RGUs) for $165 million.  The transaction is expected
to close early in the fourth quarter and will be funded with a
combination of existing balance sheet cash and a portion of the
aforementioned new bank credit facilities.

As indicated on August 5, 2010, Moody's continue to believe that
the proposed acquisition is consistent with the company's
historical track record of growth through acquisition (albeit into
new markets via an incumbent service provider), and while the
purchase price multiple (estimated by company management to be
approximately 7.5x the $22 million of reported EBITDA) appears
somewhat high (particularly relative to now lower market
multiples), the consolidated proforma leverage and free cash flow
profile are not expected to be materially impacted (note that
leverage is expected to approximate 4.4x on a proforma basis, and
trend lower to an adjusted 4.3x as projected synergies are
realized).  "Upon review of the proposed refinancing and pending
acquisition Moody's have determined this trasaction to have
limited impact on the company's capital structure and believe that
Knology's credit profile remains consistent with a B1 CFR and a B2
PDR," noted Russell Solomon, Moody's Senior Vice President and
lead analyst for the company.

                          Rating Outlook

The rating outlook is stable, reflecting Moody's view that Knology
will continue to demonstrate steady operating performance and
maintain financial metrics commensurate with its rating category.
The stable outlook also assumes that Knology's management team
will adhere to prudent fiscal policies, including conservatively
financed acquisition strategies.

                What Could Change the Rating -- Up

Moody's believes that consistent revenue and subscriber growth,
coupled with maintaining or improving EBITDA margins, free cash
flow production and good liquidity, and continued improvement in
financial leverage trending toward and remaining below 3.25x on a
sustained basis could warrant consideration of a positive rating
outlook and/or a prospective upgrade of the CFR to Ba3.

               What Could Change the Rating -- Down

Conversely, deterioration in operations, including unexpected
subscriber losses, liquidity erosion and/or an increase in
financial leverage that would be sustained above 4.5x, such as to
support a debt-financed acquisition, could pressure ratings down
or cause Moody's to change the outlook to negative.

                        Corporate Profile

Knology, Inc., is a provider of video, high speed data and voice
services to approximately 232 thousand video subscribers.  These
subscribers are primarily located in the Southeast and the upper
Midwest regions of the country.  Knology's business model is that
of an "overbuilder" in which the company builds or acquires
networks in regions overlapping that of larger incumbent cable
operators, such as Mediacom (rated B1) and Comcast (rated Baa1),
and attempts to differentiate itself with high quality product
offerings and efficient but localized customer service.  Knology
generated revenue of approximately $436 million for the twelve
month period ended June 30, 2010.


KNOLOGY INC: S&P Assigns 'B+' Rating on $770 Mil. Senior Notes
--------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its issue-
level and recovery ratings to West Point, Georgia-based cable
overbuilder Knology Inc.'s proposed $770 million senior secured
credit facility.  The facility consists of a $50 million revolver,
a $150 million term loan A, and a $570 million term loan B.  S&P
rated the bank loan 'B+' (the same as the corporate credit rating)
with a '3' recovery rating, which indicates expectations for
meaningful (50%-70%) recovery in the event of default.

At the same time, S&P affirmed its 'B+' corporate credit rating on
Knology.  The outlook is stable.

The company plans to use the proceeds of the new facility to fund
the $165 million purchase price for incumbent cable operator
Sunflower Broadband, refinance about $577 million of existing
debt, and pay related fees and expenses.  S&P expects the revolver
to be undrawn at closing.

"Despite the modest increase in leverage because of the
transaction to about 4.4x from 4.1x as of June 30, 2010," said
Standard & Poor's credit analyst Allyn Arden, "S&P expects credit
measures to remain supportive of the current rating in the
intermediate term." Moreover, the acquisition moderately improves
Knology's business risk profile given the incumbent status of
Sunflower, which will represent around 10% of total revenue.


KY USA: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: KY USA Energy, Inc.
        231 West Main Street
        Glasgow, KY 42141

Bankruptcy Case No.: 10-11424

Chapter 11 Petition Date: September 14, 2010

Court: United States Bankruptcy Court
       Western District of Kentucky (Bowling Green)

Debtor's Counsel: Scott A. Bachert, Esq.
                  HARNED BACHERT & MCGEHEE PSC
                  324 E 10th St
                  P.O. Box 1270
                  Bowling Green, KY 42102
                  Tel: (270) 782-3938
                  E-mail: bachert@hbmfirm.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 20 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/kywb10-11424.pdf

The petition was signed by Steve Eversole, president.


LEAP WIRELESS: Board Adopts Tax Benefit Preservation Plan
---------------------------------------------------------
Leap Wireless International Inc. said that its Board of Directors
has adopted a tax benefit preservation plan intended to preserve
the long-term value of the Company's net operating loss
carryforwards.

As of June 30, 2010, Leap had net operating loss carry forwards of
approximately $1.7 billion, which could be used to reduce future
federal and state income tax obligations.  However, the Company's
ability to use these NOLs may be substantially limited if it were
to experience an "ownership change" as defined under Section 382
of the Internal Revenue Code.

In general, an ownership change would occur if stockholders that
own at least 5% or more of Leap's outstanding common stock
increased their cumulative ownership in the Company by more than
50 percentage points over their lowest ownership percentage within
a rolling three-year period.

As part of the plan, the Company's Board of Directors declared a
dividend of one preferred stock purchase right on each outstanding
share of Leap common stock.  The dividend will be payable to
holders of record as of the close of business on September 24,
2010.  Any shares of Leap common stock issued after the record
date will be issued together with the rights.

The preferred stock purchase rights are not currently exercisable
and initially will trade only with the Leap common stock.
However, if any person or group acquires 4.99% or more of Leap
common stock, or if a person or group that already owns 4.99% or
more of Leap common stock acquires additional shares, then,
subject to certain exceptions, the preferred stock purchase rights
would separate from the common stock and become exercisable for
shares of Leap common stock having a market value equal to twice
the exercise price, resulting in significant dilution to the
ownership interests of the acquiring person or group.

"Recent trading in the Company's stock has increased the risk of
an ownership change under the tax rules," said Doug Hutcheson,
Leap's president and CEO.  "After thoughtful consideration, our
Board implemented this tax benefit preservation plan to help
protect the value of our NOLs and reduce the likelihood that
changes in our investor base could have the unintended effect
of limiting our ability to use them.  These NOLs represent a
significant corporate asset that we believe will deliver
substantial benefits to our stockholders as we generate taxable
income in the future."

The Company's Board of Directors has established a procedure to
consider requests to exempt acquisitions of Leap common stock from
the plan if it determines that doing so would not limit or impair
the availability of the NOLs.

The rights will expire on September 30, 2020.  The rights may also
expire on an earlier date upon the occurrence of other events,
including a determination by the Company's Board of Directors that
the NOLs have been utilized or are no longer available, or that
the plan is no longer necessary to protect the NOLs.  The plan
also may be terminated at any time by the Board before the rights
become exercisable.

The plan is similar to tax preservation plans adopted by many
other public companies with significant NOLs.  The issuance of the
preferred stock purchase rights will not affect the Company's
reported earnings or loss per share and is not taxable to the
Company or its stockholders.

                       About Leap Wireless

Headquartered in San Diego, California, Leap Wireless
International, Inc. (NASDAQ: LEAP) -- http://www.leapwireless.com/
-- and its joint ventures provide wireless services in 34 states
and the District of Columbia and hold licenses in 35 of the top 50
U.S. markets.  Through its affordable, flat-rate service plans,
Cricket offers customers a choice of unlimited voice, text, high-
speed data and mobile Web services.

Leap spun out from Qualcomm Inc. in 1998 and expanded primarily
into rural markets.  It has customers in 34 states and annual
sales around $2.3 billion, making it the seventh-largest wireless
carrier in the U.S., according to The Wall Street Journal.

At March 31, 2010, the Company had total assets of $5.26 billion,
total liabilities of $3.58 billion, redeemable non-
controlling interests of $51.8 billion, and stockholders'
equity of $1.63 billion.

The Troubled Company Reporter on February 2, 2010, citing The Wall
Street Journal's Jeffrey McCracken and Niraj Sheth, said Leap
Wireless has hired Goldman Sachs Group and formed a special board
committee to look into selling the company or merging with rivals.

Leap Wireless has reported net losses in the last three years.  It
incurred a net loss of $239.5 million, $150.2 million and
$80.3 million in 2009, 2008 and 2007.

Leap Wireless carries a 'B2' corporate family rating from Standard
& Poor's.


LIBERTY TIRE: Moody's Assigns 'B2' Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service has assigned a B2 Corporate Family
Rating and Probability of Default Rating to Liberty Tire Recycling
Holdco, LLC.  The rating agency assigned a B3 to the company's
proposed offering of $200 million of senior unsecured notes due
2016.  The company's $60 million revolving credit facility was not
rated.  The ratings outlook is stable.  Proceeds will be used to
refinance $167 million of debt, pay transaction fees, and for
general corporate purposes.

Assignments:

Issuer: Liberty Tire Recycling Holdco, LLC

  -- Probability of Default Rating, Assigned B2
  -- Corporate Family Rating, Assigned B2
  -- $200 million Senior Unsecured Notes, rated B3, LGD4-64%

                        Ratings Rationale

The B2 CFR rating balances Liberty Tire's well established
position as the leading scrap tire collector and recycler in the
United States against recent year's weak net margins, minimal EBIT
margins, and significant leverage.  The ratings reflect recent and
anticipated improvements in EBITDA stemming from acquisitions that
were completed in 2009 and thus far in 2010.  The company
completed seven acquisitions in the LTM period through June 30,
2010.

The B3 rating on the notes reflects their senior unsecured status
and overall ranking in the capital structure.  The notes will be
fully and unconditionally guaranteed, jointly and severally, on a
senior unsecured basis by the Issuer's existing and future
domestic subsidiaries.  As senior unsecured notes, the notes will
rank junior in right of payment to the company's secured debt.
Liberty Tire Recycling Finance, Inc., is a co-issuer of the notes.

The stable ratings outlook reflects the expectation that revenues
and EBITDA will grow over the next year largely driven by recent
acquisitions.  Moody's expect credit metrics to remain in line
with the B2 CFR over the next year.

The outlook could be changed to positive if leverage is reduced to
under 4 times and free cash flow to debt rises above 8% on a
sustained basis.

The rating could be downgraded if total debt/EBITDA is expected to
be sustained above 5 times or if the company was to experience
meaningful difficulty in integrating its acquisitions.  A large
debt financed acquisition could also adversely affect the rating
and/or the rating outlook.

Liberty Tire Recycling Holdco, LLC, headquartered in Pittsburgh,
PA is the leading scrap tire collector and recycler in the United
states with total LTM revenues through June 2010 of $204 million.


LINCOLN LOGS: Customers' Funds Are Not Property of the Estate
-------------------------------------------------------------
Under New York law, WestLaw reports, a "home improvement
contract," such as will impose trust obligations on a contractor
with respect to money received on that contract, was not limited
to a contract for the construction of a custom home but also
included a contract for the sale of such a home.  Thus, the mere
fact that log home company from which property owners agreed to
purchase a custom log chalet only supplied property owners with
log home building packages and depended on third-party contractors
to assemble those packages did not prevent the contract between
company and the property owners for the sale and purchase of their
custom log chalet from qualifying as a "home improvement
contract."  A bankruptcy judge presiding over the log home
company's Chapter 11 case relied on a statutory trust theory in
finding that contract funds were not included in the Chapter 11
estate.  In re Lincoln Logs Ltd., --- B.R. ----, 2010 WL 322163,
63 Collier Bankr.Cas.2d 862 (Bankr. N.D.N.Y.).

Chestertown, N.Y.-based custom home builder Lincoln Logs Ltd. and
its debtor-affiliate, Snake River Log Homes, LLC, sought chapter
11 protection (Bankr. N.D.N.Y. Case Nos. 08-13079 and 08-13080) on
Sept. 19, 2008, represented by Angela Z. Miller, Esq., at Phillips
Lytle LLP in Buffalo, N.Y.  At the time of the filing, the Debtors
estimated their assets at less than $10 million and their debts at
more than $10 million.  Most of the debtors' assets were sold in
early 2009 for about $3.5 million.  The Debtors filed a Chapter 11
Joint Plan of Liquidation on Mar. 5, 2009 and an Amended Chapter
11 Joint Plan of Liquidation on May 4, 2009.  By order dated
July 20, 2009, the Amended Chapter 11 Joint Plan of Liquidation
was confirmed, and a liquidating trust was formed with Justin A.
Heller, Esq., appointed as the Liquidation Trustee.  The Plan
provides for an absolute priority distribution to holders of
claims against the Debtors.


LINCOLNSHIRE CAMPUS: Promises to Pay Claims from Cash Proceeds
--------------------------------------------------------------
Lincolnshire Campus, LLC, and its debtor-affiliates submitted to
the U.S. Bankruptcy Court for the Northern District of Texas a
proposed Plan of Reorganization and an explanatory Disclosure
Statement.

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

According to the Disclosure Statement, the Plan provides for the
payment or full satisfaction of all secured tax claims, senior
mechanic's lien claims, administrative claims, and unsecured
priority claims.  The Plan also provides that the holders of
secured claims will receive cash equal to their pro rata share of
the cash proceeds after the payment of administrative claims,
senior mechanic's lien claims, and the costs for administering the
Plan.  Holders of unsecured claims will be entitled to receive
cash equal to the holder's pro rata share of the Creditor Trust.
Holders of subordinated claims and equity interests won't receive
anything.

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

                        About the Debtors

Lincolnshire Campus filed for Chapter 11 bankruptcy protection on
June 15, 2010 (Bankr. N.D. Tex. Case No. 10-34176).  Vincent P.
Slusher, Esq., at DLA Piper LLP US, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $100 million to $500 million.

Not-for-Profit Entities Sedgebrook, Inc., and Monarch Landing Inc.
filed for Chapter 11 protection on June 15, 2010.

The Lincolnshire Debtors and the NFP Debtors are affiliate of
Erickson Retirement Communities LLC.

Baltimore, Maryland-based Erickson Retirement Communities LLC,
along with affiliates, filed for Chapter 11 protection on Oct. 19,
2009 (Bankr. N.D. Tex. Case No. 09-37010).  DLA Piper LLP (US)
serves as counsel to the Debtors.  BMC Group Inc. serves as claims
and notice agent.  Houlihan, Lokey, Howard & Zoukin, Inc., is also
serving as investment and financial consultant.  Alvarez & Marsal
is serving as restructuring adviser.   Judge Stacey G.C. Jernigan
confirmed Erickson's Plan of Reorganization on April 16, 2010.
The confirmed Chapter 11 Plan is premised on the $365 million sale
of substantially all of the Erickson Retirement assets to Redwood
Capital Investments LLC and its affiliates.  The Plan became
effective on April 30, 2010.

Erickson own 20 continuing care retirement communities in 11
states.  Among Erickson's 20 communities, eight are completed, 11
are open although in construction, and one is in development.
They have 23,000 residents in total.


LINCOLNSHIRE CAMPUS: U.S. Trustee Amends Resident's Committee
-------------------------------------------------------------
William T. Neary, the U.S. Trustee for Region 6, amended the
Official Resident's Committee in the Chapter 11 cases of
Lincolnshire Campus, LLC, et al.

The Committee now consists of:

1. Paul Goldstein
   820 Audubon Way, PT-210
   Lincolnshire, IL 60069
   Tel: (847) 793-0202
   E-mail: laup60@aol.com

2. Robert Estabrooks
   2004 Audubon Avenue, MC-429
   Naperville, IL 60563
   Tel: (630) 357-7614
   E-mail: bobesta@aol.com

3. Sarah Martin
   2004 Audubon Avenue, MC-129
   Naperville, IL 60563
   Tel: (630) 355-6550
   E-mail: sjmar@msn.com

4. Carol Dapogny
   2033 Butterfly Lane, CC-T02
   Naperville, IL 60563
   Tel: (630) 983-0226
   E-mail: cdapogny@aol.com

5. Carol Hedtcke
   2004 Audubon Avenue, BT-402
   Naperville, IL 60563
   Tel: (630) 355-8663
   E-mail: cshedtcke@att.net

6. Sally Hering
   840 Audubon Way, HG-109
   Lincolnshire, IL 60069
   Tel: (847) 793-0575
   E-mail: salhering@aol.com

7. Ed Matthei
   890 Audubon Way, BW-502
   Lincolnshire, IL 60069
   Tel: (847) 793-0939
   E-mail: ematthei@sbcglobal.net

8. Lou Sherman
   830 Audubon Way, HG-408
   Lincolnshire, IL 60069
   Tel: (847) 821-1471
   E-mail: shirlou05@aol.com

9. Charles VanWiggeren
   810 Audubon Way, HP-416
   Lincolnshire, IL 60069
   Tel: (847) 478-8728
   E-mail: ctvan471@sbcglobal.net

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

                        About the Debtors

Lincolnshire Campus filed for Chapter 11 bankruptcy protection on
June 15, 2010 (Bankr. N.D. Tex. Case No. 10-34176).  Vincent P.
Slusher, Esq., at DLA Piper LLP US, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $100 million to $500 million.

Not-for-Profit Entities Sedgebrook, Inc., and Monarch Landing Inc.
filed for Chapter 11 protection on June 15, 2010.

The Lincolnshire Debtors and the NFP Debtors are affiliate of
Erickson Retirement Communities LLC.

Baltimore, Maryland-based Erickson Retirement Communities LLC,
along with affiliates, filed for Chapter 11 protection on Oct. 19,
2009 (Bankr. N.D. Tex. Case No. 09-37010).  DLA Piper LLP (US)
serves as counsel to the Debtors.  BMC Group Inc. serves as claims
and notice agent.  Houlihan, Lokey, Howard & Zoukin, Inc., is also
serving as investment and financial consultant.  Alvarez & Marsal
is serving as restructuring adviser.   Judge Stacey G.C. Jernigan
confirmed Erickson's Plan of Reorganization on April 16, 2010.
The confirmed Chapter 11 Plan is premised on the $365 million sale
of substantially all of the Erickson Retirement assets to Redwood
Capital Investments LLC and its affiliates.  The Plan became
effective on April 30, 2010.

Erickson own 20 continuing care retirement communities in 11
states.  Among Erickson's 20 communities, eight are completed, 11
are open although in construction, and one is in development.
They have 23,000 residents in total.


LJVH HOLDINGS: S&P Puts 'B' Rating on CreditWatch Developing
------------------------------------------------------------
Standard & Poor's Ratings Services said it placed all of its
ratings, including its 'B' long-term corporate credit rating, on
LJVH Holdings Inc. (parent of Quebec-based gourmet coffee
manufacturer and distributor Van Houtte Group Inc.) and its
subsidiaries on CreditWatch with developing implications.
Developing implications mean that S&P could be affirm, raise, or
lower the ratings depending on the outcome of S&P's review.

"This rating action follows the announcement of an executed Share
Purchase Agreement by which Vermont-based Green Mountain Coffee
Roasters Inc. will acquire all of LJVH Holdings' outstanding
shares for a cash purchase price of US890 million," said Standard
& Poor's credit analyst Lori Harris.  "S&P expects the acquisition
to close by the end of 2010, subject to certain approvals," Ms.
Harris added.  Should the transaction be completed, S&P believes
that LJVH Holdings' debt will be repaid upon closing, at which
time S&P will withdraw the ratings.

S&P will keep the ratings on LJVH Holdings on CreditWatch with
developing implications until the transaction is completed and the
company's existing debt is repaid.  Should the transaction be
terminated, S&P will remove the ratings from CreditWatch.


LODGE AT BIG SKY: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: The Lodge at Big Sky, LLC
        P.O. Box 160938
        Big Sky, MT 59716-0938

Bankruptcy Case No.: 10-62229

Chapter 11 Petition Date: September 14, 2010

Court: U.S. Bankruptcy Court
       District of Montana (Butte)

Debtor's Counsel: James A. Patten, Esq.
                  The Fratt Building, Suite 300
                  2817 2nd Avenue N
                  Billings, MT 59101
                  Tel: (406) 252-8500
                  Fax: (406) 294-9500
                  E-mail: japatten@ppbglaw.com

Estimated Assets: Not Stated

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

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                        Case No.   Petition Date
        ------                        --------   -------------
The Lodge at Big Sky Management       10-62230      09/14/10
  Company LLC
Estimated Assets: Not Stated
Estimated Debts: $1,000,001 to $10,000,000

The Debtors did not file a list of creditors together with their
petitions.

The petitions were signed by Jeff Quackenbush, president.


LUDIVINA NACIONALES: Case Summary & 16 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Ludivina Nacionales
          dba Beverly Hills Home Care
        311 N. Doheny Drive
        Beverly Hills, CA 90211

Bankruptcy Case No.: 10-48837

Chapter 11 Petition Date: September 13, 2010

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

Judge: Richard M. Neiter

Debtor's Counsel: Dennis E. Mcgoldrick, Esq.
                  350 S. Crenshaw Boulevard, Suite A207B
                  Torrance, CA 90503
                  Tel: (310) 328-1001
                  E-mail: dmcgoldricklaw@yahoo.com

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

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

A list of the Debtor's 16 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-48837.pdf


LYM, LLC: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------
Debtor: LYM, LLC
        1264 S. Waterman Avenue, #49
        San Bernardino, CA 92408-2851

Bankruptcy Case No.: 10-39681

Chapter 11 Petition Date: September 14, 2010

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

Judge: Catherine E. Bauer

Debtor's Counsel: Kenneth D. Sisco, Esq.
                  4469 Pedley Avenue
                  Norco, CA 92860
                  Tel: (714) 265-7766
                  Fax: (714) 265-7518
                  E-mail: siscobknotice@yahoo.com

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

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

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-39681.pdf

The petition was signed by Yaacov Limon, manager.


MADISYN NORTHEAST: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Madisyn Northeast, LLC
        4601 W. Walnut Street
        Soquel, CA 95073

Bankruptcy Case No.: 10-59531

Chapter 11 Petition Date: September 13, 2010

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

Judge: Arthur S. Weissbrodt

Debtor's Counsel: Scott J. Sagaria, Esq.
                  LAW OFFICES OF SCOTT J. SAGARIA
                  333 W. San Carlos Street, #1700
                  San Jose, CA 95110
                  Tel: (408) 279-2288
                  E-mail: sjsagaria@sagarialaw.com

Scheduled Assets: $3,500,833

Scheduled Debts: $7,433,010

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-59531.pdf

The petition was signed by Melissa Hall, managing member.


MESA AIR: Asks for Approval of Employee Incentive Plan
------------------------------------------------------
Mesa Air Group Inc. and certain of its subsidiaries and
affiliates, as debtors and debtors-in-possession, asks Judge
Martin Glenn of the United States Bankruptcy Court for the
Southern District of New York for authority to implement an
employee incentive program and make payments to certain
employees.

To recall, on the Petition Date, the Debtors filed a motion to
pay certain prepetition wages, compensation and employee
benefits, among other things.  The Court approved the wage and
Benefit Motion on February 23, 2010.

As part of the Wage and Benefit Motion, the Debtors originally
sought authorization to continue their prepetition incentive
program and make payments arising thereunder with respect to
seven employees -- Brian S. Gillman, Paul Foley, David Butler,
Keith Kranzow, Gary Appling, Michael Ferverda, and James Swigart.

After discussions with the Official Committee of Unsecured
Creditors, the Debtors agreed to exclude the request to pay the
seven employees from the Wage Order and instead seek authority to
pay any incentive payments to those seven employees pursuant to a
separate motion.  Accordingly, the Debtors engaged in discussions
with the Creditors' Committee with respect to the proposed
payments and have obtained the Creditors' Committee's support to
this motion, John W. Lucas, Esq., at Pachulski Stang Ziehl &
Jones LLP, in New York, relates.

Before the Petition Date, the Debtors negotiated maximum target
bonuses for each Eligible Employee that was determined by their
individual employment responsibilities and experience.  Eligible
Employees can receive up to 100% of their target bonus based on
their individual performance and the Debtors' performance,
according to Mr. Lucas.

A schedule of the break-down of the maximum bonus targets for
each Eligible Employee and the payments proposed:

                                                    Maximum for
                                                    2 Quarters
                                          Maximum   (Jan-June
                                          Quarterly 2010) Since
                                          Bonus     Filing
                                          --------- -----------
Brian Gillman, Exec VP-General Counsel     $52,500    $105,000
Paul Foley, Chief Operating Office          20,000      40,000
David Butler, Sr. VP Admin I HR             15,000      30,000
Keith Kranzow, Vice President Finance       12,000      24,000
Gary Appling, Sr. VP-Technical Operations   12,000      24,000
Mike Ferverda, VP-Operations                20,000      40,000
James Swigart, Director of Finance          12,000      24,000
                                          --------- -----------
    Subtotal                                143,500     287,000

    Proposed Amount to be Distributed                     100.0%
    Amount to be allocated for Interim Bonus            287,000
                                                    -----------
    Amount to be Distributed (net)                     $287,000

By this motion, the Debtors ask for authority to pay the Eligible
Employees their target bonus for two postpetition quarters -- for
services rendered during the Debtors' second fiscal quarter
beginning January 2010 through the end of the third fiscal
quarter ending June 2010 -- based on their supervisors'
determination that their performance and the Debtors' performance
has met or exceeded expectations.

According to Mr. Lucas, the Eligible Employees have tirelessly
applied their unique skills, knowledge and experience, and have,
as a result, maximized the value of the Debtors' estates for the
benefit of all economic stakeholders in these cases.

Mr. Lucas notes that the Eligible Employees have enabled the
Debtors to maintain the high performance of their operations at
the same or better levels that existed before entering Chapter
11.  As an example, he cites the Debtors' code-share contract
with US Airways, Inc., wherein, since the Petition Date through
July 2010, the Debtors have maintained the same level of flight
completion despite the additional considerations the Debtors and
the Eligible Employees have been presented with during the course
of these bankruptcy cases.

In addition, since the Petition Date, the Debtors' financial
performance has improved.  The Eligible Employees have been able
to achieve substantial overhead reductions on a per aircraft
basis as compared to prepetition levels, Mr. Lucas says.  He
notes that these results were achieved through the prompt return
of aircraft, securing aircraft equipment at reduced rates, and
negotiating reduced rates for aircraft that was parked while the
Debtors coordinated the return of dozens of aircraft that were no
longer in revenue service.

Furthermore, the efficient return of excess aircraft in the
Debtors' fleet has also enabled the Debtors to select the
aircraft they intend to retain, which led to the commencement of
lease negotiations for the CRJ-200 and Dash-8 aircraft.  The
Eligible Employees have successfully negotiated forms of leases
for the retained equipment on substantially better terms than the
terms of the rejected leases, Mr. Lucas tells the Court.

The Debtors submit that the proposed Incentive Plan, which
provides for an aggregate payment of $143,500 per quarter to
seven Eligible Employees, is a proper exercise of their business
judgment because the Incentive Plan will appropriately compensate
and reward the Eligible Employees for their extraordinary efforts
on behalf of the Debtors' estates and their continuing
obligations to remain available to the Debtors for consultation
during the remainder of the Chapter 11 proceedings.

The proposed payments are modest, given that they only range from
$4,000 to $17,500 per month per Eligible Employee, Mr. Lucas
notes.

The Incentive Program is not prohibited by Section 503(c)(3) of
the Bankruptcy Code, Mr. Lucas contends.  The Incentive Program
is not intended to "induce" anyone to "remain with the Debtors'
business," in a manner different than any other component of
their base compensation.  Instead, the Incentive Program is
intended to motivate the Eligible Employees to achieve
performance goals in order to maximize the value of the Debtors'
assets, Mr. Lucas tells the Court.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

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


MESA AIR: Proposes to Enter Into Equipment Lease Agreements
-----------------------------------------------------------
Pursuant to Sections 363(b) and 503(b) of the Bankruptcy Code and
Rule 6004 of the Federal Rules of Bankruptcy Procedure, Mesa Air
Group Inc. and its units ask the U.S. Bankruptcy Court for
authority to enter into:

  (a) Three separate aircraft engine leases -- Group 1 Engine
      Leases -- with respect to certain General Electric
      aircraft engines, model: CF34-3B1 having manufacturer
      serial numbers 872093, 807409, and 807410, and one
      airframe lease agreement -- the Group 1 Airframe Lease --
      with respect to a certain CRJ-200 airframe having U.S.
      Registration No. N715SF, with the applicable lessors.

  (b) Four separate aircraft engine leases -- the Group 2 Engine
      Leases -- with respect to certain General Electric
      aircraft engines, model: CF34-3B1 having manufacturer
      serial numbers 872621, 872633, 872661, and 872783, and two
      airframe leases -- Group 2 Airframe Leases -- with respect
      to two CRJ-200 airframes having U.S. Registration Nos.
      N75994 and N75995, with the applicable lessors.

  (c) Two separate aircraft engine leases -- the Group 3 Engine
      Leases -- with respect to certain General Electric
      aircraft engine, model: CF34-3B1 having manufacturer
      serial numbers 872519 and 872520, and one CRJ-200 airframe
      lease -- the Group 3 Airframe Lease -- with respect to an
      airframe having U.S. Registration No. N27318, with the
      applicable lessors.

Debtor Mesa Air Group, Inc., also seeks authority to execute
guarantee agreements unconditionally guaranteeing the obligation
of Mesa Airlines, Inc., under each of the Aircraft Equipment
Leases for the benefit of the applicable lessors under each of
the Aircraft Equipment Leases.

A chart of the Aircraft Equipment Leases is available at no
charge at http://bankrupt.com/misc/Mesa_AirEqptLeasesAgr083110.pdf

John W. Lucas, Esq., at Pachulski Stang Ziehl & Jones LLP, in New
York, notes that as of August 31, 2010, the Debtors have filed 22
notices of rejection or abandonment with respect to 12 engines
and 101 aircraft.  As part of the economization of their fleet,
the Debtors and various aircraft counterparties have engaged in
discussions regarding their ongoing business relationships.

The Debtors have identified certain aircraft engines and
airframes as being a necessary component of their fleet and
operations.  The Debtors and the applicable lessors have agreed
to the terms and conditions governing the Debtors' right to use
the aircraft equipment subject to the Aircraft Equipment Leases.

Mr. Lucas notes that the terms and conditions of the Aircraft
Equipment Leases contain the same or substantially similar
economic terms and conditions as the leases the Debtors obtained
authorization to enter by the Court's July 8, 2010 Order.  He
adds that the terms of the Aircraft Equipment Leases are more
favorable than the terms of the rejected leases that previously
governed the Engines and Airframes.

According to Mr. Lucas, the salient terms of the Aircraft
Equipment Leases include:

  (a) The Aircraft Equipment Leases include market rates, which
      are significantly less than the prior rental rates for the
      equipment.

  (b) The term for each Aircraft Equipment Lease extends through
      March 31, 2013.

  (c) Mesa Airlines may terminate any Aircraft Equipment Lease
      (1) by providing four months' notice of termination or (2)
      in the event the related Engine becomes due for certain
      cycle-driven or performance-driven maintenance visits or
      an FAA airworthiness directive requires work to be
      performed on the related Airframe.

  (d) If Mesa Airlines invokes an early termination right as a
      result of the Engine maintenance thresholds, the lessors
      will have the option, but not the obligation, to lease
      another serviceable engine to the Debtor before the
      scheduled termination date.  If the lessor elects this
      option, Mesa Airlines will be obligated to lease the new
      engine.

  (e) Mesa Airlines is required to make monthly payments for
      each Engine and Airframe in advance at the first of each
      month.

  (f) No security deposits or maintenance reserves will be
      payable by Mesa Airlines.

  (g) The Debtors are required to return the Engines and
      Airframes with a very low threshold of minimum
      hours/cycles remaining.

  (h) During the Aircraft Equipment Lease term, the applicable
      lessors will be permitted, upon advance notice to Mesa
      Airlines, to inspect the Engines, Airframes and all
      related maintenance records so long as the inspection does
      not unreasonably interfere with the Debtor's operation or
      maintenance of the Engines or Airframes.

  (i) Mesa Airlines will maintain, at its cost and expense,
      hull, liability and war risk insurance with coverage types
      and amounts as currently required by the rejected leases
      that previously governed the Engines and Airframes.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

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


MESA AIR: To Assume Memphis-Shelby Airport Agreement
----------------------------------------------------
Mesa Airlines, Inc., received approval of a stipulation and
agreement with Memphis-Shelby County Airport Authority to assume a
certain Airport Operating Agreement, effective August 31, 2010.

Mesa Airlines and Memphis-Shelby CAA are parties to a certain
Landing, Common Use, Security and Federal Inspection Service
(FIS) Facility Charge Agreement for Operations at Memphis
International Airport, dated October 1, 2001, as amended --
Airport Operating Agreement.

The deadline to assume or reject the Airport Operating Agreement
expired August 31, 2010, pursuant to the Court's August 3, 2010
Order.

The Debtor and Memphis-Shelby CAA agree that (i) no cure amounts
are due under the Airport Operating Agreement pursuant to Section
365(b)(1)(A) of the Bankruptcy Code, and (ii) Mesa Airlines has
provided adequate assurance of future performance under the
Agreement pursuant to Section 365(b)(1)(C).

The parties also agree that Mesa Airlines will pay in the
ordinary course of business all undisputed amounts arising under
the Airport Operating Agreement after August 31, 2010, and
Memphis-Shelby CAA's and Mesa Airlines' rights with respect to
any claims under the Agreement after August 31, 2010 are
reserved.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

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


MGIC INVESTMENT: S&P Puts 'C' Rating on Junior Subordinated Debt
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its 'C'
unsolicited rating on MGIC Investment Corp.'s convertible junior
subordinated debt on CreditWatch with positive implications.  The
ratings on MTG's other issuances and on its operating companies
are unchanged.

Standard & Poor's had lowered its rating on this issue to 'C'
after MTG announced it had opted to defer the interest payment
that was scheduled for April 1, 2009.  The company also deferred
subsequent interest payments that were scheduled to be paid on
Oct. 1, 2009, and April 1, 2010.  When an issuer elects to
exercise its option to defer interest, in accordance with its
criteria, S&P lowers the rating on that obligation to 'C'.

The company has since announced that it will use the proceeds from
its April 2010 common stock offering to pay the $57.5 million in
deferred interest payments, including the compound interest on
each, on Oct. 1, 2010.  MTG also indicated it will pay the
$17.5 million interest payment scheduled for Oct. 1, 2010.

S&P will resolve the CreditWatch status of the rating upon payment
of the deferred interest on Oct. 1, 2010.  Once the payment has
occurred, S&P will raise the rating on the subordinated debt to
'CC'.  Subsequently, the rating on the subordinated debt issue
will generally change in tandem with the ratings on MTG and its
operating subsidiaries.  However, S&P will lower the rating on the
subordinated debt offering back to 'C' if the company again opts
to defer its interest payments.  The outlook on MTG is negative,
largely reflecting the current macroeconomic conditions as well as
the increasing litigation risk associated with rescission
activity.


MICHAEL BERNARDINO: Case Summary & 17 Largest Unsecured Creditors
-----------------------------------------------------------------
Joint Debtors: Michael L. Bernardino
               Minnie F. Bernardino
               538 Foster Springs Road
               Las Vegas, NV 89148

Bankruptcy Case No.: 10-27425

Chapter 11 Petition Date: September 14, 2010

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

Judge: Bruce A. Markell

Debtor's Counsel: C. Andrew Wariner, Esq.
                  823 Las Vegas Blvd. So, Suite 500
                  Las Vegas, NV 89101
                  Tel: (702) 953-0404
                  Fax: (702) 989-5388
                  E-mail: awariner@lvbklaw.com

Scheduled Assets: $1,154,564

Scheduled Debts: $2,149,037

A list of the Joint Debtors' 17 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/nvb10-27425.pdf


MIDWEST THEATRES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Midwest Theatres Corporation
          dba Cinemagic Theatres
        4300 O'Day Avenue NE
        St. Michael, MN 55376

Bankruptcy Case No.: 10-46834

Chapter 11 Petition Date: September 14, 2010

Court: U.S. Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Nancy C. Dreher

Debtor's Counsel: Michael F McGrath, Esq.
                  RAVICH MEYER KIRKMAN & MCGRATH NAUMAN
                  4545 IDS Center
                  80 South Eighth Street
                  Minneapolis, MN 55402
                  Tel: (612) 332-8511
                  E-mail: mfmcgrath@ravichmeyer.com

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

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

A list of the Company's 20 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/mnb10-46834.pdf

The petition was signed by Bryan J. Sieve, chief financial
officer.


MORRIS CLARK: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Morris Shandell Clark
        2870 N Speer Blvd # 103
        Denver, CO 80211-4207

Bankruptcy Case No.: 10-33269

Chapter 11 Petition Date: September 14, 2010

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Howard R. Tallman

Debtor's Counsel: Harvey Sender, Esq.
                  SENDER & WASSERMAN, P.C.
                  1660 Lincoln St., Suite 2200
                  Denver, CO 80264
                  Tel: (303) 296-1999
                  Fax: (303) 296-7600
                  E-mail: Sendertrustee@sendwass.com

Scheduled Assets: $1,541,474

Scheduled Debts: $2,938,065

A list of the Debtor's 20 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/cob10-33269.pdf


MOVING SOLUTIONS: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Moving Solutions LTD, LLC
        45 Easy Street
        Simi Valley, CA 93065

Bankruptcy Case No.: 10-21589

Chapter 11 Petition Date: September 15, 2010

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

Judge: Maureen Tighe

Debtor's Counsel: Craig Wormley, Esq.
                  13101 Washington Boulevard, Suite 241
                  Los Angeles, CA 90066
                  Tel: (310) 914-2444

Scheduled Assets: $6,820,000

Scheduled Debts: $8,820,000

A list of the Company's four largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/cacb10-21589.pdf

The petition was signed by Michael Persky, manager.


NEXAIRA WIRELESS: Posts $1.1MM Net Loss in October 31 Quarter
-------------------------------------------------------------
Nexaira Wireless Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $1.1 million on $270,305 of revenue for
the three months ended July 31, 2010, compared with a net loss of
$922,769 on $845,956 of revenue for the same period ended July 31,
2009.

Cash on hand as of July 31, 2010 was $53,039.  As of July 31,
2010, the Company had a working capital deficiency of
$3.1 million.

The Company's balance sheet as of July 31, 2010, showed
$1.8 million in total assets, $3.6 million in total liabilities,
and a stockholders' deficit of $1.8 million.

As reported in the Troubled Company Reporter on February 1, 2010,
BDO Seidman, LLP, in San Diego, expressed substantial doubt about
the Company's ability to continue as a going concern, following
its results for the fiscal year ended October 31, 2009.  The
independent auditors noted of the Company's losses from
operations, negative cash flow from operations, and working
capital and net capital deficits.

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

               http://researcharchives.com/t/s?6b34

                     About NexAira Wireless

Headquartered in Vancouver, B.C., Nexaira Wireless Inc. (OTC BB:
NXWI) -- http://www.nexaira.com/-- does business through its San
Diego based operating subsidiary Nexaira, Inc.  Nexaira, Inc.,
develops and delivers third and fourth generation (3G/4G) Wireless
Routing Solutions that offer speed, reliability and security to
carriers, mobile operators, service providers, value added
resellers (VARS) and enterprise customers.


NEXCEN BRANDS: Files Cert. of Dissolution in State of Delaware
--------------------------------------------------------------
The Board of Directors of NexCen Brands Inc. resolved on Sept. 1,
2010, to file a certificate of dissolution of the Company to put
the plan of complete dissolution and liquidation of the Company
previously approved by the Company's stockholders into effect.

On Sept. 13, 2010, the Company filed the Certificate of
Dissolution with the Office of the Secretary of State of the State
of Delaware and closed its stock transfer books, effective as of
the close of business on the same day.

                         About NexCen Brands

Based in New York, NexCen Brands, Inc. (PINK SHEETS: NEXC.PK)
-- http://www.nexcenbrands.com/-- was, prior to the completion of
the sale of substantially all of the Company's assets (the "Asset
Sale"), including its entire portfolio of franchised brands, to
Global Franchise Group, LLC, on July 30, 2010, a strategic brand
management company that owned and managed a portfolio of seven
franchised brands, operating in a single business segment:
Franchising.  These brands included five QSR brands (Great
American Cookies, Marble Slab Creamery, MaggieMoo's, Pretzel Time
and Pretzelmaker) and two retail footwear and accessories brands
(TAF and Shoebox New York).  All seven franchised brands were
managed by NexCen Franchise Management, Inc., a wholly owned
subsidiary of NexCen.  The Company's franchise network, across all
of its brands, consisted of approximately 1,700 stores in 38
countries.

NexCen's balance sheet at June 30, 2010, revealed $98.30 million
in total assets, $150.05 million in total liabilities, and a
stockholders' deficit of $51.75 million.

On July 29, 2010, NexCen Brands Inc. closed the sale of its
franchise businesses to Global Franchise Group, LLC, an affiliate
of Levine Leichtman Capital Partners.  Global acquired the
subsidiaries of NexCen that own the franchise business assets for
$112.5 million.


NORM NOVITSKY: Case Summary & 11 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Norm Novitsky
        26647 Alsace Drive
        Calabasas, CA 91302

Bankruptcy Case No.: 10-21590

Chapter 11 Petition Date: September 15, 2010

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

Judge: Maureen Tighe

Debtor's Counsel: Douglas M. Neistat, Esq.
                  16000 Ventura Boulevard, #1000
                  Encino, CA 91436
                  Tel: (818) 382-6200
                  Fax: (818) 986-6534
                  E-mail: twilliams@greenbass.com

Estimated Assets: $0 to $50,000

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

A list of the Debtor's 11 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/cacb10-21590.pdf


OAKHURST REALTY: Case Summary & Largest Unsecured Creditor
----------------------------------------------------------
Debtor: Oakhurst Realty, LLC
          dba Revel Co Incoakhurst
          dba Oakhurst Homes, LLC
        7215 East 21st Street, Suite A
        Indianapolis, IN 46219

Bankruptcy Case No.: 10-13854

Chapter 11 Petition Date: September 14, 2010

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

Judge: Frank J. Otte

Debtor's Counsel: James S. Kowalik, Esq.
                  HOSTETLER AND KOWALIK, P.C.
                  101 W Ohio St., Suite 2100
                  Indianapolis, IN 46204
                  Tel: (317) 262-1001
                  Fax: (317) 262-1010
                  E-mail: jsk@hostetler-kowalik.com

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

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

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

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
The Huntington National                          $3,760,308
Bank
45 North Pennsylvania Street
Suite 400
Indianapolis, IN 46204

The petition was signed by Ronald E. Farren, member.


OAKVIEW HOMES: Case Summary & 8 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Oakview Homes, LLC
        1300 Griffin Road
        Greenwood, AR 72936

Bankruptcy Case No.: 10-74830

Chapter 11 Petition Date: September 14, 2010

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Fort Smith)

Debtor's Counsel: Derrick Mark Davidson, Esq.
                  DERRICK DAVIDSON, P.A.
                  3061 N. Market Avenue, Suite 8
                  Fayetteville, AR 72703
                  Tel: (479) 935-4100
                  Fax: (479) 856-6168
                  E-mail: derrick@davidsonbusinessattorney.com

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

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

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/arwb10-74830.pdf

The petition was signed by Robert Griffin, manager.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Robert Griffin and Julia Griffin      10-73471            07/06/10
The Plantation, LLC                   10-74742            09/08/10


ODYSSEY PROPERTIES: Files Schedules of Assets and Liabilities
-------------------------------------------------------------
Paradise Shoppes at Apollo Beach, LLC, a debtor-affiliate of
Odyssey Properties III, LLC, filed with U.S. Bankruptcy Court for
the Middle District of Florida its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $15,000,000
  B. Personal Property               $30,076
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $12,828,860
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $614,327
                                 -----------      -----------
        TOTAL                    $15,030,076       $13,443,187

Odyssey Properties also disclosed $905,518 in assets and
$39,707,087 in liabilities.

                       Odyssey Properties

Lakeland, Florida-based Odyssey Properties III, LLC, is engaged in
the business of developing, owning, and operating commercial
properties, including anchored and unanchored retail centers,
office buildings, flex and warehouse space, and self-storage
centers, primarily in central Florida.

Odyssey Properties and certain affiliates filed for Chapter 11
protection on August 2, 2010 (Bankr. M.D. Fla. Case No. 10-18713).
Edward J. Peterson, III, Esq., at Stichter, Riedel, Blain &
Prosser, PA, 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.


OSHKOSH CORP: S&P Assigns 'BB+' Rating on $1.2-Bil. Senior Loan
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' issue-level
(two notches above the CCR) and a recovery rating of '1' to
Oshkosh Corp.'s proposed $1.2 billion senior secured credit
facility.  At the same time, S&P raised its issue-level ratings on
the company's senior unsecured debt to 'BB-' (the same as the
corporate credit rating) from 'B+'.  S&P also revised its recovery
rating on this debt to '4' from '5'.  S&P also affirmed Oshkosh's
'BB-' CCR.  The outlook is positive.

"The upgrade of Oshkosh's unsecured issue-level ratings reflects
an expected lower level of term debt in the company's capital
structure following completion of the proposed refinancing, which
improves simulated recovery prospects for the unsecured
noteholders," said Standard & Poor's credit analyst Dan Picciotto.
"The CCR affirmation reflects S&P's continued expectation that
performance at Oshkosh's industrial businesses will improve in the
next year from very low activity levels, partially offsetting
reduced sales and profitability at its defense segment in fiscal
2011.  S&P expects credit measures to weaken from their very good
current levels, but believe they will remain consistent with S&P's
expectations for a higher rating if Oshkosh can perform well as it
transitions away from its sizable mine-resistant, ambush-
protected, all-terrain vehicle (M-ATV) program.  Profitability is
likely to decline significantly next year due to the substantial
completion of this order, but S&P believes funds from operations
will likely exceed 20% in fiscal 2011 and potentially improve
thereafter."

The CCR reflects Oshkosh's aggressive financial risk profile,
which more than offsets its satisfactory business risk profile.
The business risk profile is marked by leading positions in key
segments of the cyclical specialty vehicle market and good product
and end-market diversity.

The outlook is positive.  S&P believes Oshkosh could maintain
credit measures adequate for a higher rating.  "S&P could raise
the ratings if S&P see industrial end markets improving next year
as the defense segments' M-ATV-related profits decline, resulting
in credit measures consistent with S&P's expectations, for
instance, if the company appears likely to maintain credit
measures of about 3.5x adjusted debt to EBITDA and 20% FFO to
total adjusted debt.  On the other hand, S&P could revise the
outlook to stable if a double-dip recession or debt-financed
acquisition results in weaker credit measures, for example, if the
company makes only modest additional debt repayments, EBITDA
declines approaches $400 million in 2011, and adjusted debt to
EBITDA nears 4x," Mr. Picciotto added.


OSMOTICS CORPORATION: Case Summary & Creditors List
---------------------------------------------------
Debtor: Osmotics Corporation
        1444 Wazee Street, Suite 210
        Denver, CO 80202

Bankruptcy Case No.: 10-33198

Chapter 11 Petition Date: September 13, 2010

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

Judge: Sidney B. Brooks

Debtor's Counsel: M. Frances Cetrulo, Esq.
                  370 17th Street, Suite 4800
                  Denver, CO 80202
                  Tel: (303) 825-0800
                  Fax: (303) 629-7610
                  E-mail: fcetrulo@bw-legal.com

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

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

A list of the Company's 20 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/cob10-33198.pdf

The petition was signed by Francine Porter, chief executive
officer.


P & K U.S.A.: Case Summary & 16 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: P & K U.S.A., Inc.
          dba Howard Johnson
        33224 Hwy 27 S.
        Haines City, FL 33844

Bankruptcy Case No.: 10-22145

Chapter 11 Petition Date: September 14, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

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

Scheduled Assets: $1,526,795

Scheduled Debts: $2,917,340

A list of the Company's 16 largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/flmb10-22145.pdf

The petition was signed by Chi K. Pak, president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Pak, Chi K. & Kon S.


PACIFIC RIM: Posts $1.2 Million Net Loss in July 31 Quarter
-----------------------------------------------------------
Pacific Rim Mining Corporation reported a net loss of $1.2 million
for the three months ended July 31, 2010, compared to a net loss
of $881,000 for the same period ended July 31, 2009.

The Company currently has no source of revenue.  The increase in
net loss, despite a reduction in exploration expenses, is
primarily a result of increased costs related to the Company's
CAFTA action, and a gain on the sale of bullion during Q1 2010 for
which there was no comparable item during Q1 2011.

The Company's balance sheet at July 31, 2010, showed $6.2 million
in total assets, $3.1 million in total liabilities, and
shareholders' equity of $3.1 million.

The Company has a history of losses and may continue to incur
losses for the foreseeable future.  As at July 31, 2010, the
Company has an accumulated deficit of $87.3 million.  The Company
will require additional funding to maintain its ongoing
exploration programs and property commitments, for administrative
purposes and Central America-Dominican Republic-United States of
America Free Trade Agreement ("CAFTA") arbitration and
negotiation.  These legal costs for CAFTA are significant.  These
events and conditions cast substantial doubt about the Company's
ability to continue as a going concern.

A full-text copy of the Company's interim consolidated financial
statements as of and for the three months ended July 31, 2010, is
available for free at http://researcharchives.com/t/s?6b36

A full-text copy of the Company's Management Discussion and
Analysis for the period ended July 31, 2010, is available for free
at http://researcharchives.com/t/s?6b37

                     About Pacific Rim Mining

Vancouver, Canada-based Pacific Rim Mining Corporation
http://www.pacrim-mining.com-- is involved in the exploration and
development of gold properties. The Company owns a 100% interest
in certain mineral properties, known as El Dorado, located in El
Salvador and carries out exploration activities in Costa Rica and
Guatemala.  Pacific Rim's shares trade under the symbol PMU on the
Toronto Stock Exchange ("TSX") and on the Over the Counter QX
("OTCQX") market in the US under the symbol PFRMF.

The Company has not yet confirmed whether any of its exploration
properties contain mineral deposits that are economically
recoverable.


PALISADES MEDICAL: Moody's Keeps 'Ba2' Rating on $39.3-Mil. Bonds
-----------------------------------------------------------------
Moody's Investors Service has affirmed the Ba2 long-term ratings
assigned to Palisades Medical Center's $39.3 million of
outstanding bonds.  The outlook is revised to stable from negative
reflecting the improvement in financial performance over the past
two years.

Legal Security: Gross receipts pledge of the obligated group,
comprised of Palisades Medical Center and the Harborage (Palisades
General Care, Inc.), a long term care provider on its campus.  A
mortgage of PMC and the Harborage is also provided as bondholder
security.  Bond covenants require 60 days cash on hand and a 1.2
times rate covenant measured annually.

Interest Rate Derivatives: None

                            Strengths

* Improvement in operating performance in FY 2008 and FY 2009;
  operating cash flow margin reached 5.5% in FY 2009 from 5.3% in
  FY 2008 and denotes a good departure from weaker historical
  performance; results through the first half of FY 2009 show
  continued improvement

* increase in admissions in FY 2009 for this small provider due to
  continued physician recruitment and the addition of new services
  following two years of declines

* Harborage, the nursing home located adjacent to PMC, continues
  to be profitable and a larger contributor to operating income
  than the medical center

* Successful negotiations with the unions which included favorable
  changes to the defined benefit pension plan that should limit
  future funding and more modest wage increases

* All fixed rate debt structure with no derivatives; financial
  improvement created more headroom to the bond covenants in FY
  2009

                           Challenges

* Decline in unrestricted cash and investments as of December 31,
  2009, to $24.9 million or 61 days cash on hand, down from
  $26.7 million or 68.6 days as of December 31, 2008 (Moody's
  excludes supplemental retirement funds although they are
  included in the days cash on hand calculation); average payment
  period is very high at 115.1 days as of December 31, 2009,
  suggesting that cash is somewhat inflated due to slower payments
  to vendors and future cash increases are limited as management
  endeavors to reduce the outstanding payables

* Payer mix is skewed toward governmental (54% Medicare and 14%
  Medicaid) and self pay, limiting opportunities for cost
  shifting; long-standing absence of a Blue Cross contract viewed
  negatively as it is the largest commercial payer in northern New
  Jersey

* Competitive northern New Jersey market although some of the
  nearby Hoboken hospitals are experiencing challenging financial
  pressures which may present volume opportunities for PMC;
  Moody's consider PMC to be a small hospital and nursing home
  system ($154 million in combined revenues) making it vulnerable
  to external changes

* Admissions have softened during the first half of FY 2010
  compared to the prior year period; material 8% decline in
  outpatient surgeries which reflects some reliance on a few key
  surgeons and large private physician group located on the PMC
  campus

* While the pension funded ratio has improved (to 70% funded in FY
  2009 from 49% in FY 2008) and concessions regarding pension
  structure were agreed upon by the unions, it remains a long-term
  obligation of PMC

                   Recent Developments/Results

The Ba2 rating affirmation and the revision of the outlook to
stable from negative reflect the improvement in financial
performance over the past two years.  In fiscal year 2009,
operating cash flow reached $8.5 million, up from $7.8 million in
FY 2008 and a much weaker $3.0 million in FY 2007.
Correspondingly, the operating cash flow margin improved to a
better, although still below average 5.5% in FY 2009, up from 5.3%
in FY 2008 and 2.1% in FY 2007.  (Moody's excludes all investment
income from these computations.)

Performance through the first half of FY 2010 ending June 30, 2010
is encouraging with a 6.6% operating cash margin, although
bondholders should note that PMC experiences some seasonality of
volumes throughout the year.  Notwithstanding, management is
budgeting another year of improvement for FY 2010.

The improvement in performance over the past two years is due to a
myriad of factors including a) slight increase in FY 2009
admissions (0.7%) over FY 2008 and a large 14.2% increase in total
surgeries; b) physician recruitment and some new services such as
bariatric surgery; c) improved coding effort and a material
reduction in length of stay; d) FTE reductions; e) favorable
changes to health benefits and the pension plan (discussed further
below); and f) favorable managed care negotiations.  A new
designation by the New Jersey Department of Health as a Tier 1
essential hospital qualified PMC for an increase of $1 million in
charity care funding which also contributed to the improvement in
the past two years.  As a result of these efforts, revenues
increased 5.1% in FY 2009 over FY 2008 after less than 2% growth
in FY 2008 over FY 2007.  Revenue growth also outpaced expense
growth of 4.8% in FY 2009 over FY 2008.  As a result of the
improved operations, debt coverage levels improved in FY 2009 with
debt to cash flow declining to 5.51 times from 6.78 times in FY
2008 and MADS coverage increasing to 2.35 times from 2.11 times,
respectively.

PMC's unrestricted cash and investment position decreased to
$24.9 million or 61.1 days cash at FY end 2009, down slightly from
$26.7 million or 68.6 days at the end of FY 2008.  Moody's
computation excludes $8.2 million of employee deferred
compensation plans and supplemental executive retirement plans in
FY 2009.  However, PMC is allowed to include these funds in the
computation of days cash on hand.  When doing so, management
reports that days cash on hand increased to 78 days at the end of
FY 2009, more comfortably distant from the 60 days cash on hand
covenant and is another contributing factor the removal of the
negative outlook.  A return to days cash on hand that is much
closer to the 60 days cash on hand covenant will result in
reconsideration of the outlook.

Moody's does not expect to see material growth in the absolute
amount of liquidity as management is endeavoring to reduce the
accounts payable outstanding.  At the end of FY 2009, days in
accounts payable reached 115 days, very unfavorable to the
national median of 57 days.  Prior financial management stretched
payables as a means to maintain cash on the balance sheet and the
current chief financial officer's goal is to reduce the number to
75 days.  Future capital may increase as well, although some
funding to come from a federal grant and a new capital lease.  The
capital budget for FY 2010 is $10.7 million to be funded over the
next two to three years.

PMC is a unionized hospital and management was able to negotiate
favorable structural changes to the pension plan in recent
negotiations.  The changes include these: a) all benefits earned
through December 31, 2009 will be frozen and compensation will not
be inflated from December 31, 2009 through retirement; b) a
pension accrual moratorium for 1.5 years and c) the multiplier for
certain benefits was reduced to 1.4 times from 1.5 times.  As a
result, management saw a nearly $2 million reduction in pension
expense in FY 2009 and a $3.7 million reduction in FY 2010.
Funding will decline $2.8 million in FY 2010 to $6.9 million,
compared to the $9.7 million that would have been needed had the
changes not been made.  These changes are material and should help
preserve the balance sheet in the next two years.  Both management
and the unions agreed to not revisit the pension for another four
years.

While financial performance has improved, PMC faces challenges as
a small provider in a competitive market.  There are numerous
competing providers in Hudson County as well as nearby Bergen
County.  Management reports that some of the other Hoboken area
hospitals are struggling financially and are seeking merger or
capital partners, which could present additional competitive
challenges for the organization.  Likewise, outmigration to New
York City and Bergen County providers remains a challenge.
Medicaid shows continued growth to 14.9% in FY 2009 from 12.0% in
FY 2007 while self pay represents 12.8% in FY 2009, both above the
national medians of 11.0% and 7.0%, respectively.

                             Outlook

The stable outlook reflects Moody's expectation that performance
over the next two years should provide adequate debt service
coverage.  Comfortable headroom away from the 60 days cash on hand
covenant is also a factor for the stable outlook.

                What could change the rating -- Up

Significant improvement in liquidity measures and continued trend
of profitable operating performance; enterprise growth as measured
by volumes and revenues

                What could change the rating -- Down

Additional debt, further reduction in cash, decline in operating
performance, decline in patient volumes, downturn in performance
at the Harborage; wide-sweeping changes to the competitive
landscape that would impair performance

                          Key Indicators

Assumptions & Adjustments:

  -- Based on financial statements for Palisades Medical Center,
     Inc. and Palisades General Care, Inc.

  -- First number reflects audit year ended December 31, 2008

  -- Second number reflects audit year ended December 31, 2009

  -- Investment returns normalized at 6% unless otherwise noted

  -- All investment returns restated as non-operating income

  -- Moody's excludes supplemental retirement funds from cash
     calculations

* Inpatient admissions: 9,306; 9,425

* Total operating revenues: $147.3 million; $154.8 million

* Moody's-adjusted net revenue available for debt service:
  $9.4 million; $10.5 million

* Total debt outstanding: $46.1 million; $43.7 million

* Maximum annual debt service: $4.5 million; $4.5 million

* Moody's-adjusted MADS Coverage with normalized investment
  income: 2.11 times; 2.35 times

* Debt-to-cash flow: 6.8 times; 5.5 times

* Days cash on hand: 68.6 days; 61.1 days

* Cash-to-debt: 57.9%; 57.0%

* Operating margin: -0.3%; 0.4%

* Operating cash flow margin: 5.3%; 5.5%

Outstanding Bonds (as of December 31, 2009):

  -- Series 1999: $11.3 million outstanding; Ba2
  -- Series 2002: $28.0 million outstanding; Ba2

The last rating action with respect to PMC was on August 13, 2009,
when the Ba2 municipal finance scale rating was affirmed and the
outlook was negative.  That rating was subsequently recalibrated
to Ba2 on May 7, 2010.


PEBBLE PAGE: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Pebble Page, Inc.
          dba Stevie Tomato's Sports Page
        2430 Vanderbilt Beach Rd. #108-179
        Naples, FL 34109

Bankruptcy Case No.: 10-22022

Chapter 11 Petition Date: September 13, 2010

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

Debtor's Counsel: Stephen R. Leslie, Esq.
                  STICHTER, RIEDEL, BLAIN & PROSSER
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel:(813) 229-0144
                  E-mail: sleslie.ecf@srbp.com

Estimated Assets: $0 to $50,000

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

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

The petition was signed by Wendy L. Luckey, secretary.


R. JONATHAN KAPLAN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: R. Jonathan Kaplan
          aka Richard Jonathan Kaplan
        5045 Oxford Drive
        Sarasota, FL 34242

Bankruptcy Case No.: 10-22110

Chapter 11 Petition Date: September 14, 2010

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Melody D. Genson, Esq.
                  MELODY D. GENSON, PA
                  2750 Ringling Boulevard, Suite 3
                  Sarasota, FL 34237
                  Tel: (941) 365-5870
                  Fax: (941) 365-5872
                  E-mail: melodydgenson@verizon.net

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

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/flmb10-22110.pdf


RIVIERA MARINE: Hearing on Chapter 15 Petition on October 8
-----------------------------------------------------------
U.S. Judge Caryl E. Delano of the U.S. Bankruptcy Court in Tampa,
Fla., will determine next month whether to grant Riviera Marine
(Int.) Pty. Ltd., bankruptcy protection in the U.S., Dow Jones'
DBR Small-Cap reports.

Judge Delano is scheduled to consider Riviera Marine's Chapter 15
bankruptcy petition at a hearing on October 8, 2010.

Dow Jones reports that Stephen James Parbery, the foreign
representative for the Company, said in court papers September 8,
2010, that Riviera Marine sold 327 boats with sales totaling
$265 million for the financial year ending June 30, 2008.
However, since then a global credit crisis and other factors
hampered the number of boats the company has been able to sell.
Riviera Marine only sold 52 boats with sales of $54 million for
the financial year ending June 30, 2010.

                       About Riviera Group

Riviera Group -- http://www.riviera.com.au/--is a luxury boat
builder based in Queensland, Australia.

Riviera Group was placed into voluntary receivership in May 2009.
Deloitte partners Chris Campbell, Vaughan Strawbridge and Richard
Hughes were appointed receivers and managers of Riviera.
According to the Brisbane Times, Mr. Campbell said it was proposed
to sell Riviera as a going concern after a restructuring of the
company.  The Brisbane Times said Riviera shed 117 of its Gold
Coast staff in January 2009 and cut more than 300 staff from its
Coomera headquarters in 2008.  The company also closed its
production line for three weeks, from April 10 to May 5, in a bid
to clear stock held by international dealers, the Brisbane Times
added.

In July 2010, Riviera Group said it has received written notice on
June 25, 2010, that the Deed of Company Arrangement established in
conjunction with Riviera's creditors in January this year has now
been completed and the company has now officially exited from
administration.

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).  The Company estimated assets and debt of as much as
$50 million each in the Chapter 15 petition.  Four affiliates also
sought protection.  Daniel C. Guarnieri, Esq., at Nelson Hesse,
LLP, in Sarasota, Florida, serves as counsel to Stephen James
Parbery, foreign representative of Riviera.


RM STONEGATE: Case Summary & 4 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: RM Stonegate Investments, L.P.
        1211 E. 15th St.
        Plano, TX 75074

Bankruptcy Case No.: 10-33223

Chapter 11 Petition Date: September 13, 2010

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Elizabeth E. Brown

Debtor's Counsel: David M. Rich, Esq.
                  ONSAGER, STAELIN & GUYERSON, LLC
                  1873 S. Bellaire St., Suite 1401
                  Denver, CO 80222
                  Tel: (303) 512-1123
                  E-mail: dmrich@comcast.net

Scheduled Assets: $1,142,012

Scheduled Debts: $1,016,357

A list of the Company's four largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/cob10-33223.pdf

The petition was signed by Randy Edwards, manager.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Stonegate Sundance Partners, LLC       10-33214    09/13/10


RMAA REAL ESTATE: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor: RMAA Real Estate Holdings, LLC
                20702 Crescent Pointe Place
                Ashburn, VA 20147

Bankruptcy Case No.: 10-17701

Involuntary Chapter 11 Petition Date: September 13, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Robert G. Mayer

Debtor's Counsel: Pro Se

Creditors who signed the Chapter 11 petition:

    Petitioners                    Nature of Claim    Claim Amount
    -----------                    ---------------    ------------
Socrates Torres                    Breach of Contract      $15,470
401 N. Armistead, Apartment 404
Alexandria, VA 22312


ROBERT GRIFFIN: 10 Affiliates' Chapter 11 Case Summary
------------------------------------------------------
Debtor-affiliates filing separate Chapter 11 petition:

        Entity                        Case No.   Petition Date
        ------                        --------   -------------
Sabram Estates, LLC                   10-74847      09/15/10
Silver Leaf West, LLC                 10-74850      09/15/10
Trinity Estates, LLC                  10-74858      09/15/10
Silver Leaf East, LLC                 10-74860      09/15/10
Oakview Homes, LLC                    10-74830      09/14/10
Iron Tree Homes, Inc                  10-74832      09/14/10
Fairview Construction Co., LLC        10-74834      09/14/10
Corinthian Court, LLC                 10-74837      09/14/10
O L Frisco, LLC                       10-74838      09/14/10
The Plantation, LLC                   10-74742      09/08/10

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Fort Smith)

Debtor's Counsel: Derrick Mark Davidson, Esq.
                  DERRICK DAVIDSON, P.A.
                  3061 N. Market Avenue, Suite 8
                  Fayetteville, AR 72703
                  Tel: (479) 935-4100
                  Fax: (479) 856-6168
                  E-mail: derrick@davidsonbusinessattorney.com

The September 15 Debtors estimated $1 million to $10 million in
assets and debts in their respective Chapter 11 petitions.

A list of Sabram's three largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/arwb10-74847.pdf

A list of Silver Leaf East's three largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/arwb10-74860.pdf

A list of Silver Leaf West's five largest unsecured creditors,
filed together with the petition is available for free
at http://bankrupt.com/misc/arwb10-74850.pdf

A list of Trinity Estate's three largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/arwb10-74858.pdf

The petitions were signed by Robert Griffin, manager.

Greenwood, Arkansas-based Robert and Julia Griffin filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Ark. Case No. 10-
73471) on July 6, 2010.  Derrick Mark Davidson, Esq., in
Fayetteville, Arkansas, serves as the Debtors' restructuring
counsel.  In their schedules filed in court, the Griffins reported
$36,043,561 in total assets and $17,140,998 in total liabilities.


ROBINO-BAY COURT: Taps Ciardi to Handle Reorganization Case
-----------------------------------------------------------
Robino-Bay Court Plaza, LLC, and Robino-Bay Court Pad, LLC, ask
the U.S. Bankruptcy Court for the District of Delaware for
permission to employ Ciardi Ciardi & Astin as counsel.

Ciardi will, among other things:

   -- provide legal advice with respect to the Debtors' powers and
      duties as debtors-in-possession in the continued operation
      of their business and management of their property;

   -- negotiate, prepare and pursue confirmation of a plan and
      approval of a disclosure statement; and

   -- prepare on behalf of the Debtors necessary motions,
      applications, answers, orders, reports, and other legal
      papers in connection with the administration of the Debtors'
      estates.

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

                   About Robino-Bay Court Plaza

Wilmington, Delaware-based Robino-Bay Court Plaza, LLC, filed for
Chapter 11 bankruptcy protection on July 28, 2010 (Bankr. D. Del.
Case No. 10-12376).  The Debtor is represented by John D.
McLaughlin, Jr., Esq., at Ciardi Ciardi & Astin.  The Debtor
estimated its assets and debts at $10 million to $50 million in
its Chapter 11 petition.

An affiliate, Robino-Bay Court Pad, LLC, filed a separate Chapter
11 petition on July 28, 2010 (Case No. 10-12377), estimating its
assets at $500,001 to $1 million and debts at $1 million to
$10 million as of the Petition Date.


ROBINO-BAY COURT: U.S. Trustee Unable to Form Creditors Committee
-----------------------------------------------------------------
The U.S. Trustee for Region 3 notified the U.S. Bankruptcy Court
for the District of Delaware that he was unable to appoint an
official committee of unsecured creditors in the Chapter 11 cases
of Robino-Bay Court Plaza, LLC, and Robino-Bay Court Pad, LLC.

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

Wilmington, Delaware-based Robino-Bay Court Plaza, LLC, filed for
Chapter 11 bankruptcy protection on July 28, 2010 (Bankr. D. Del.
Case No. 10-12376).  The Debtor is represented by John D.
McLaughlin, Jr., Esq., at Ciardi Ciardi & Astin.  The Debtor
estimated its assets and debts at $10 million to $50 million in
its Chapter 11 petition.

An affiliate, Robino-Bay Court Pad, LLC, filed a separate Chapter
11 petition on July 28, 2010 (Case No. 10-12377), estimating its
assets at $500,001 to $1 million and debts at $1 million to
$10 million as of the Petition Date.


SCHUTT SPORTS: Riddell Inc. Wants to Pursue Lawsuit
---------------------------------------------------
Athletic-gear manufacturer Riddell Inc. is urging the bankruptcy
court to lift the automatic stay to allow it to go after rival
Schutt Sports Inc. for selling football helmets that have been
found to violate Riddell's patents, Dow Jones' DBR Small-Cap
reports.

Absent modification of the automatic stay, Riddell  is prohibited
from taking action against its rival.  "The Bankruptcy Code should
not be used to permit Schutt to continue its infringing conduct,"
the report quoted Riddell Inc. as saying.  The report notes that
Riddell Inc. filed a lawsuit in 2008 against Schutt Sports, its
chief competitor in the football-helmet market, claiming that
Schutt's most successful products - the DNA and ION model football
helmets - infringed on Riddell's patents.  Although Schutt Sports
denied the allegation, a judgment awarding Riddell Inc. US$29
million was entered on August 18, 2010, the report adds.

                      About Schutt Sports

Litchfield, Illinois-based Schutt Sports, Inc. -- fka Schutt
Manufacturing Company; aka Schutt Sports Manufacturing Co., Schutt
Sports Distribution Company, and Schutt Athletic Sales Company --
designs, manufactures, distributes and markets team sporting goods
equipment, offering an extensive line of football, baseball and
softball protective gear and complementary accessories.

Schutt Sports filed for Chapter 11 bankruptcy protection on
September 6, 2010 (Bankr. D. Del. Case No. 10-12795).  Victoria
Watson Counihan, Esq., at Greenberg Traurig, LLP, assists the
Debtor in its restructuring effort.

Ernst & Young is the Debtor's financial advisor.  Oppenheimer &
Co., Inc., is the Debtor's investment banker.

The Debtor estimated its assets and debts at $50 million to
$100 million.

Affiliates Circle System Group, Inc. (Bankr. D. Del. Case No. 10-
12796), Melas, Inc. (Bankr. D. Del. Case No. 10-12797), Mountain
View Investment Co. of Illinois (Bankr. D. Del. Case No. 10-
12794), R.D.H. Enterprises, Inc. (Bankr. D. Del. Case No. 10-
12798), and Triangle Sports, Inc. (Bankr. D. Del. Case No. 10-
12799) filed separate Chapter 11 petitions on September 6, 2010.


SCHUTT SPORTS: DIP Financing, Cash Collateral Use Gets Interim Nod
------------------------------------------------------------------
Schutt Sports, Inc., et al., sought and obtained authorization
from the U.S. Bankruptcy Court for the District of Delaware to
obtain postpetition secured financing from Bank of America, N.A.,
as agent and first-lien lender, and to use cash collateral.

The DIP Lender have committed to provide up to $34,000,000.
Amounts available under the DIP loan will be subject to the
budget, a copy of which is available for free at:

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

Victoria W. Counihan, Esq., at Greenberg Traurig, LLP, explained
that the Debtors need the money to fund their Chapter 11 case, pay
suppliers and other parties.  The Lender has agreed to provide
credit support for a sale/recapitalization process.

Copies of the DIP financing agreement are available for free at:

   http://bankrupt.com/misc/SCHUTT_SPORTS_dipfinancingpact1.pdf
   http://bankrupt.com/misc/SCHUTT_SPORTS_dipfinancingpact2.pdf
   http://bankrupt.com/misc/SCHUTT_SPORTS_dipfinancingpact3.pdf

The DIP facility will incur interest at 4.25%, payable monthly in
arrears on the first day of each month.  In the event of default,
the Debtors will pay an additional 2% default interest, payable
monthly in arrears on the first day of each month.

The Debtors will grant the Lender valid and perfected first liens
subject to the prior claims, on present and after-acquired
personal and real property of the Debtors.  The Lender will also
be granted n allowed superpriority administrative expense claims
for the DIP loan.

The DIP lien is subject to a carveout for U.S. Trustee and Clerk
of Court fees; up to $100,000 in fees payable to professional
employed in the Debtors' case; and up to $50,000 in fees of the
committee in pursuing actions challenging the DIP Lender' lien.

By November 12, 2010, the Debtors must, among other things have
either (i) entered into a binding agreement for a sale transaction
with a stalking horse purchaser, on terms and conditions
acceptable to the Lender in its sole discretion, with a purchase
price that is sufficient to generate net sale proceeds of at least
$250,000 in excess of (x) the secured indebtedness as of the
closing of the sale and (y) the accrued administrative expenses,
as of the closing of the sale, and filed with the Court a
corresponding motion for approval of bidding procedures and the
protections (if any) set forth in a stalking horse agreement on a
proposed sale of the Debtors' assets or (ii) entered into a
binding agreement for the recapitalization of the Debtors'
existing business structuring, including binding commitments for
any related financing.

The Debtors are required to pay a host of fees to the Lender,
including (i) a 1% closing fee, which will be fully earned on the
date hereof, non-refundable and payable on the date of entry of
the final court order, and (b) a $10,000 servicing fee, payable
each month in advance, and non-refundable.

The Lender' willingness to extend the DIP financing will terminate
on, among other things, (i) the termination of the stalking horse
agreement, unless the Debtors and a purchaser have at such time
executed a binding contract for an acceptable sale transaction; on
the DIP financing request isn't yet entered by such date; (iii)
the date of final indefeasible payment and satisfaction in full in
cash of the secured indebtedness; (iv) the effective date of any
confirmed plan of reorganization in any or all of the Chapter 11
cases; and (v) December 31, 2010.

The Debtors will also use cash collateral to provide additional
liquidity.  In exchange for using cash collateral, the Debtors
grant the Lender adequate protection in the form of, among other
things, replacement liens, superpriority claims, and adequate
protection payments.

The Court has set a final hearing for September 22, 2010, at
11:30 a.m. on the Debtors' request to obtain DIP financing.

The Lender is represented by Latham & Watkins lLP.

                        About Schutt Sports

Litchfield, Illinois-based Schutt Sports, Inc. -- fka Schutt
Manufacturing Company; aka Schutt Sports Manufacturing Co., Schutt
Sports Distribution Company, and Schutt Athletic Sales Company --
designs, manufactures, distributes and markets team sporting goods
equipment, offering an extensive line of football, baseball and
softball protective gear and complementary accessories.

Schutt Sports filed for Chapter 11 bankruptcy protection on
September 6, 2010 (Bankr. D. Del. Case No. 10-12795).  Victoria
Watson Counihan, Esq., at Greenberg Traurig, LLP, assists the
Debtor in its restructuring effort.

Ernst & Young is the Debtor's financial advisor.  Oppenheimer &
Co., Inc., is the Debtor's investment banker.  Logan & Company,
Inc., is the Debtor's claims, noticing and balloting agent.

The Debtor estimated its assets and debts at $50 million to
$100 million.

Affiliates Circle System Group, Inc. (Bankr. D. Del. Case No. 10-
12796), Melas, Inc. (Bankr. D. Del. Case No. 10-12797), Mountain
View Investment Co. of Illinois (Bankr. D. Del. Case No. 10-
12794), R.D.H. Enterprises, Inc. (Bankr. D. Del. Case No. 10-
12798), and Triangle Sports, Inc. (Bankr. D. Del. Case No. 10-
12799) filed separate Chapter 11 petitions on September 6, 2010.


SONOMA VINEYARDS: Court Extends Filing of Schedules Until Oct. 4
----------------------------------------------------------------
The Hon. Alan Jaroslovsky of the U.S. Bankruptcy Court for the
Northern District of California extended, at the behest of Sonoma
Vineyards Estate, LLC, the deadline for the filing of its
schedules of assets and liabilities to October 4, 2010.

The deadline for the filing of the documents required in the
Debtor's bankruptcy case was initially September 7, 2010.

Napa, California-based Sonoma Vineyard Estates LLC filed for
Chapter 11 bankruptcy protection on September 7, 2010 (Bankr. N.D.
Calif. Case No. 10-13447).  Michael C. Fallon, Esq., at the Law
Offices of Michael C. Fallon, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets at
$10 million to $50 million and debts at $1 million to $10 million.


SONOMA VINEYARD: Section 341(a) Meeting Scheduled for Oct. 1
------------------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of Sonoma
Vineyard Estates LLC's creditors on October 1, 2010, at 1:30 p.m.
The meeting will be held at the Office of the U.S. Trustee, 777
Sonoma Ave. #116, Santa Rosa, CA 95404.

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.

Napa, California-based Sonoma Vineyard Estates LLC filed for
Chapter 11 bankruptcy protection on September 7, 2010 (Bankr. N.D.
Calif. Case No. 10-13447).  Michael C. Fallon, Esq., at the Law
Offices of Michael C. Fallon, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets at
$10 million to $50 million and debts at $1 million to $10 million.


SOUTH TAHOE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: South Tahoe Area Transit Authority
        P.O. Box 10600
        Stateline, NV 89449

Bankruptcy Case No.: 10-53666

Chapter 11 Petition Date: September 13, 2010

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

Judge: Gregg W. Zive

Debtor's Counsel: Jeffrey L. Hartman, Esq.
                  HARTMAN & HARTMAN
                  510 West Plumb Lane, Suite B
                  Reno, NV 89509
                  Tel: (775) 324-2800
                  Fax: (775) 324-1818
                  E-mail: notices@bankruptcyreno.com

Scheduled Assets: $394,369

Scheduled Debts: $3,585,585

The petition was signed by Nancy McDermid, president.

Debtor's List of 20 Largest Unsecured Creditors:

          Entity                    Nature of Claim   Claim Amount
          ------                    ---------------   ------------
MV Transportation, Inc.-Operations  --                  $2,293,597
P.O. Box 39000
San Francisco, CA 94139

MV Transportation, Inc.             --                    $825,000
P.O. Box 39000
San Francisco, CA 94139

Tahoe Regional Planning Agency      --                    $137,585
P.O. Box 5310
Stateline, NV 89449

Transit Resource Center of Nevada   --                     $60,114

Western Energetix, LLC              --                     $49,333

Feldman, Shaw & McLaughlin, LLP     --                     $23,956

SEFAC, Inc.                         --                     $16,000

Myers Tire Supply Dist. Inc.        --                     $15,447

C.G. Uhlenberg LLP                  --                     $14,000

A-Z Bus Sales, Inc.                 --                     $11,644

The Ridge Tahoe Property Owners     --                     $10,000
Association

El Dorado County                    --                     $10,000

City Of South Lake Tahoe            --                     $10,000

Lakeside Inn and Casino             --                     $10,000

Lake Tahoe Casino Realty I          --                     $10,000

Douglas County                      --                     $10,000

Vail Resorts, Inc.                  --                     $10,000

Tahoe Regional Planning Agency      --                     $10,000

Tahoe Transportation District       --                     $10,000

Harveys Tahoe Management Co., Inc.  --                     $10,000


STATES INDUSTRIES: Taps Ball Janik as Bankruptcy Counsel
--------------------------------------------------------
States Industries, Inc., asks for authorization from the U.S.
Bankruptcy Court for the District of Oregon to employ Ball Janik
LLP as bankruptcy counsel.

Ball Janik will, among other things:

     a. prepare applications, motions, memoranda, responses,
        complaints, answers, orders, notices, reports, and other
        papers required from the Debtor as debtor and debtor-in-
        possession in connection with administration of this case;

     b. take actions necessary to protect and preserve the
        Debtor's bankruptcy estate, including the prosecution of
        actions on the Debtor's behalf, the defense of any actions
        commenced against the Debtor, negotiations concerning all
        litigation in which the Debtor is involved, objections to
        claims filed against the Debtor in this bankruptcy case,
        and the compromise or settlement of claims;

     c. negotiate with creditors concerning a plan of
        reorganization, to prepare the plan of reorganization,
        disclosure statement and related documents, and to take
        the steps necessary to confirm and implement the plan of
        reorganization, including, if needed, negotiations for
        financing the plan; and

     d. represent the Debtor in all other aspects of the Debtor's
        Chapter 11 case.

The hourly rates of Ball Janik's personnel are:

        Brad T. Summers, Partner                   $450
        David W. Criswell, Partner                 $425
        Justin D. Leonard, Associate               $275
        Mathew W. Lauritsen, Associate             $225
        Thorkild G. Tingey, Associate              $175

Brad T. Summers, Esq., an attorney at Ball Janik, assures the
Court that the firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

Eugene, Oregon-based States Industries, Inc., filed for Chapter 11
bankruptcy protection on August 24, 2010 (Bankr. D. Ore. Case No.
10-65148).  According to its schedules, the Debtor disclosed
$20,615,286 in total assets and $28,458,541 in total liabilities
as of the petition date.


STATES INDUSTRIES: Wants to Hire Inverness as Financial Advisor
---------------------------------------------------------------
States Industries, Inc., asks for authorization from the U.S.
Bankruptcy Court for the District of Oregon to employ Inverness
Group LLC as financial advisor and its principal John Davidson as
chief restructuring officer.

Inverness and Mr. Davidson will, among other things:

     a. review and analyze the Debtor's business, operations and
        financial projections;

     b. evaluate the Debtor's potential debt capacity in light of
        its projected cash flows;

     c. assist in the determination of a capital structure for the
        Debtor; and

     d. determine a range of values for the Debtor on a going
        concern basis or for particular assets.

The hourly rates of Inverness' personnel are:

        Managing Partner                         $305-$395
        Managers                                 $175-$195
        Administrative & Paraprofessionals       $120-$160
        John Davidson, as CRO                      $325

Mr. Davidson assures the Court that Inverness is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Eugene, Oregon-based States Industries, Inc., filed for Chapter 11
bankruptcy protection on August 24, 2010 (Bankr. D. Ore. Case No.
10-65148).  Brad T. Summers, Esq., and Justin D. Leonard, Esq.,
who have an office in Portland, Oregon, assist the Debtor in its
restructuring effort.  According to its schedules, the Debtor
disclosed $20,615,286 in total assets and $28,458,541 in total
liabilities as of the petition date.


STONEGATE SUNDANCE: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Stonegate Sundance Partners, LLC
        1211 East 15th Street
        Plano, TX 75074

Bankruptcy Case No.: 10-33214

Chapter 11 Petition Date: September 13, 2010

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

Judge: A. Bruce Campbell

Debtor's Counsel: Garry R. Appel, Esq.
                  1917 Market Street, Suite A
                  Denver, CO 80202
                  Tel: (303) 297-9800
                  E-mail: appelg@appellucas.com

Scheduled Assets: $3,290,537

Scheduled Debts: $1,836,380

A list of the Company's 10 largest unsecured creditors,
filed together with the petition is available, for free
at http://bankrupt.com/misc/cob10-33214.pdf

The petition was signed by Randy Edwards, manager.


SWIFT TRANSPORTATION: Moody's Affirms 'Caa1' Corp. Family Rating
----------------------------------------------------------------
Moody's Investors Service has affirmed the ratings of Swift
Transportation Co., LLC's, corporate family rating of Caa1, and
has raised Swift's ratings outlook to positive from negative.

Swift's rating outlook was changed to positive in recognition of
the company's strengthening financial performance, which Moody's
attributes to improvements in Swifts trucking operations as well
as to an improving trend in industry freight volumes and yields
that are now taking traction.  Throughout the recent trucking
recession, Swift remained profitable at the operating income
level, but had overall weak financial metrics due to its extremely
high debt load following the 2007 transaction taking the company
private.  As industry conditions improve, Swift will be able to
expand operating margins, which will be important to generate cash
to support fleet investments and debt service.  This also
alleviates a key concern that Moody's had regarding potential
tightness to financial covenants in Swift's credit facilities.
Moreover, Swift's recent announcement of a planned initial public
stock offering suggests the potential for substantial de-
leveraging through debt repayment from equity issuance.

Despite the improving operating environment, Swift's Caa1 rating
continues to reflect sizeable debt levels resident in the
company's current capital structure.  With almost $3 billion of
debt (including Moody's standard adjustments), which represents
about 110% of revenue, Swift's credit metrics remain appropriate
for the current rating.  Debt to EBITDA, at less than 6 times,
maps to the B3/Caa1 range, but relative to cash flow, leverage
appears weaker: Retained Cash Flow to Debt of less than 6% is more
appropriate for Caa1 rated entities.  Interest coverage is
particularly weak, largely the result of high interest costs
inherent in the current debt structure (over $500 million of 12.5%
second lien notes in particular).  EBIT to Interest persistently
below 1.0 time (0.6 times as of LTM June 2010) continues to be a
constraining factor to higher rating consideration.  Unless Swift
makes substantial changes to its capital structure, Moody's
expects only small improvements to credit metrics going forward.

Ratings can be revised upward if, as the result of material debt
repayment though use of IPO proceeds, the company substantially
de-leverages its capital structure.  Pro forma Retained Cash Flow
to Debt of over 10% and EBIT to Interest of over 1.0 time will be
supportive of a B3 rating.  Ratings could instead be stabilized at
Caa1 if proceeds from the IPO are not used to retire enough debt
to effect deleveraging and improving interest coverage.

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

The last rating action was on December 3, 2008, when Moody's
lowered Swift's corporate family rating to Caa1.

Swift Transportation Co, LLC, headquartered in Phoenix, Arizona,
is one of the largest providers of truckload transportation
services in the United States, with line-haul, dedicated and
inter-modal freight services.


TRADE SECRET: Blocks Bid to Remove CEO, Wins Sale Approval
----------------------------------------------------------
Dow Jones' DBR Small-Cap reports that Trade Secret Inc.
successfully deflected a bid to have its chief executive replaced
by an outsider and simultaneously won court approval to sell its
assets to a group that includes that executive.

                       About Trade Secret

Premier Salons Beauty Inc., Trade Secret Inc., and six affiliates
filed for bankruptcy protection on July 6 (Bankr. D. Del. Lead
Case No. 10-12153).  The Chapter 11 petitions of Premier Salons
and Trade Secret each estimated assets of up to $50,000 and debts
of up to $50 million.

Trade Secret and its affiliates currently own and operate
approximately 612 retail and salon locations in shopping malls and
strip centers throughout the United States and Puerto Rico, on a
collective basis.  The Trade Secret Group consists of stores
operating primarily under four trade names: Trade Secret, Beauty
Express, BeautyFirst, and PureBeauty(R).

Joseph M. Barry, Esq., at Young, Conaway, Stargatt & Taylor,
represents the Debtors in their Chapter 11 effort.  Epiq
Bankruptcy Solutions, LLC, is claims agent to the Debtors.

Non-debtor affiliates Premier Salons, Inc. and Premier Salons Ltd.
and its U.S. and Canadian corporate affiliates own and operate 340
hair and cosmetic service salons throughout North America, with
locations in specialty stores such as Saks, Sears, and Macy's.


TRUVO USA: To Explore Settlement with Creditors by Oct. 4
---------------------------------------------------------
The Honorable Arthur J. Gonzalez put his stamp of approval on the
First Amended Disclosure Statement with Respect to the First
Amended Join Plan of Reorganization of Truvo USA LLC and its
debtor-affiliates on Sept. 8, 2010, and authorized the Debtors to
solicit acceptances of that Plan from creditors.

If the official committee of unsecured creditors files an
objection to confirmation of the Debtors' plan by 4:00 p.m. on
Oct. 4, 2010, Judge Gonzalez will convene a confirmation hearing
at 9:00 a.m. on Nov. 8, 2010.  If the Committee refrains from
filing an objection, Judge Gonzalez will hold the confirmation
hearing at 9:30 a.m. on Oct. 6, 2010.

The parties will engage in discovery and possible settlement talks
between now and Oct. 4.

As reported in the Troubled Company Reporter on Sept. 8, 2010, the
unsecured creditors' committee -- comprised of two holders of
second-lien debt and their indenture trustee -- doesn't support
the Debtors' Plan.  The committee members are AllianceBernstein
LP, Normandy Hill Capital LP, and Bank of New York Mellon-London
Branch as indenture trustee.

Under the Plan, the senior lenders under are to receive the new
equity plus EUR600 million new debt.  In return for the
EUR595 million on two issues of second-priority notes, the holders
are to be given EUR15 million and warrants for 14% of the stock at
a EUR150 million price.  If the second lien lenders vote against
the plan, they are to receive nothing.  For the EUR174 million on
pay-in-kind third-priority notes, holders will receive warrants
for 1% of the new equity.  If the class votes against the plan,
they are to receive nothing.  The new debt for the senior lenders
is to consist of EUR350 million in first-lien debt, EUR100 million
in second-lien debt, and EUR150 million in pay-in-kind debt.

The Unsecured Creditors' Committee is represented by:

         Gregory M. Petrick, Esq
         Ingrid Bagby, Esq
         Sharon J Richardson, Esq
         CADWALADER WICKERSHAM & TAFT LLP
         One World Financial Center
         New York, NY 10281
         Telephone: (212) 504-6373

                         About Truvo USA

Wilmington, Delaware-based Truvo USA LLC is a non-operating
subsidiary of Belgium-based Truvo Luxembourg S.a.r.l, which
publishes print and online directories through its operating
subsidiaries.

Truvo USA and other non-operating affiliates filed for Chapter 11
bankruptcy protection (Bankr. S.D.N.Y. Case No. 10-13513) on
July 1, 2010.  The Company estimated $500 million to $1 billion
in assets and more than $1 billion in debts in its Chapter 11
petition.

Sean A. O'Neal, Esq., and Thomas J. Moloney, Esq., at Cleary
Gottlieb Steen & Hamilton, LLP, and Vincent Edward Lazar, Esq., at
Jenner & Block LLP, assist the Company in its restructuring
effort.  Jenner & Block LLP and Simpson Thacher & Bartlett LLP are
the Company's special counsel.  Houlihan Lokey Howard & Zukin
(Europe), Limited, is the Company's restructuring and financial
advisor.

Truvo Luxembourg and its operating subsidiaries have not sought
protection under Chapter 11 protection or any other insolvency
regime.


UNIGENE LAB: Shows New Strategy & Corporate Realignment
-------------------------------------------------------
Unigene's CEO presented the Company's new strategy and corporate
realignment at Rodman & Renshaw 12th Annual Healthcare Conference.

Unigene Laboratories Inc. disclosed a strategic realignment and
the creation of two new highly focused Strategic Business Units -
"Unigene Biotechnologies" and "Unigene Therapeutics".  Unigene
Biotechnologies will focus on opportunities where the Company can
apply its industry-leading Peptelligence platform of peptide drug
delivery and manufacturing assets, expertise and capabilities to
partners' proprietary development programs.  Unigene Therapeutics
constitutes Unigene's own pipeline of novel, proprietary peptide
development programs focused on metabolic disease and
inflammation.

According to President and Chief Executive Officer, Ashleigh
Palmer, Unigene is pursuing this new strategy and restructuring
into two separate business units in order to increase the
visibility of its Peptelligence technologies and capabilities;
focus the Company's business development initiatives, and enhance
its lead position in the peptide market, as well as accelerate the
progress of lead compounds and advance earlier-stage candidates.

"Peptides are a rapidly growing therapeutic class with more than
130 programs currently in active development throughout the
industry.  To date, more than fifty peptide-based therapeutics
have reached the market," said Mr. Palmer.  "It is critical
Unigene be at the forefront of creating tailored solutions for
current and future partners.  Our goal is to see our Peptelligence
platform, which represents a distinctive set of capabilities and
assets, incorporated into as many peptide programs as possible
that are advancing through development towards commercialization."

Unigene's Peptelligence encompasses extensive intellectual
property covering superior drug delivery and manufacturing
technologies, unsurpassed peptide research and development
expertise, and proprietary know-how representing a genuine
distinctive competence and dominant competitive advantage.  Core
Peptelligence assets include proprietary oral and nasal peptide
drug delivery technologies, and proprietary, high-yield, scalable
and reproducible recombinant manufacturing technologies.

"Unigene has a strong base from which we intend to launch our
expanded business-to-business marketing initiatives," Mr. Palmer
continued.  "Based on an extensive situational analysis and
competitive benchmarking we have aligned our strengths with the
substantial opportunities available to us.  These include focusing
our high-risk, high-return Unigene Therapeutics pipeline on
metabolic and inflammatory diseases with significant unmet medical
and socioeconomic needs.  Further, it is our intention that
programs which don't fit our core focus, including our Chinese
joint venture and site-directed bone growth program, will be
monetized, out-licensed or terminated.  We know our greatest
strengths are in customizing delivery and manufacturing solutions
for novel therapeutic peptides, and we will focus the Unigene
Biotechnologies business unit on doing just that, generating near-
term fee-for-service revenues and longer-term milestone payments
and royalties."

Unigene's technologies have earned extensive clinical and partner
validation.  The Company's first product to market, Fortical, a
nasal calcitonin product, received FDA approval in 2005 and is
marketed in the U.S. by Upsher-Smith for the treatment of
postmenopausal osteoporosis.  Pivotal clinical programs include an
oral calcitonin licensed to Tarsa Therapeutics, now in Phase 3
testing for the treatment of osteoporosis.  Other validating
partnerships include oral parathyroid hormone (PTH), licensed to
GlaxoSmithKline and entering Phase 2 planning and development.  In
addition, Unigene has a manufacturing license agreement with
Novartis, which is currently completing three Phase 3 studies of
oral calcitonin for the treatment of osteoporosis and
osteoarthritis.

Mr. Palmer concluded, "In the next months, our investors and
current or potential partners will see a continuity of strong
business development and business-to-business marketing
communications initiatives.  We anticipate filling key management
positions, including a VP of Business Development, as well as
adding other members to the leadership team and board of
directors.  As the recently appointed CEO of Unigene, I view my
mission as nothing less than to transform Unigene into a peptide
powerhouse, providing a sense of excitement, focused direction and
enduring momentum among our key audiences.  Welcome to the New
Unigene!"

A full-text copy of the Presentation is available for free at
http://ResearchArchives.com/t/s?6b3c

                           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.


UNIVERSAL HEALTH: Fitch Assigns 'B+' Rating on $250-Mil. Notes
--------------------------------------------------------------
Fitch Ratings has assigned a 'B+' rating to Universal Health
Services, Inc.'s $250 million proposed senior unsecured notes due
2018.  The notes will be issued by UHS Escrow Corporation, a
wholly owned subsidiary of UHS.  The proceeds will be used to fund
a portion of the Psychiatric Solutions, Inc. acquisition, expected
to close in the fourth quarter of 2010 (4Q'10).  When the
acquisition closes, the proceeds of the proposed senior unsecured
notes will be released from escrow and will become obligations of
UHS.

In addition, Fitch affirms UHS's ratings:

  -- Issuer Default Rating at 'BB-';
  -- Senior unsecured bank credit facility at 'BB-';
  -- Senior unsecured notes due 2011, 2016 at 'BB-';
  -- Senior secured bank credit facility 'BB';
  -- Senior secured notes 'BB'.

The Rating Outlook is Stable.  The ratings apply to approximately
$883 million of debt outstanding at June 30, 2010.

The ratings are prospective for the PSYS acquisition.  Upon
closing of the acquisition, several events impacting the capital
structure will be triggered and Fitch expects to take these rating
actions:

  -- The senior secured bank credit facility will become
     effective.  Fitch does not expect to change the 'BB' rating.

  -- The unsecured bank credit facility will be refinanced, and
     Fitch expects to withdraw the 'BB-' rating.

  -- The existing 2011 and 2016 senior unsecured notes will become
     secured on a parity basis with the senior secured bank
     facility.  Fitch expects to rate the 2011 and 2016 senior
     secured notes 'BB' when the issues become secured.

  -- The proceeds of the proposed $250 million senior unsecured
     notes will be released from escrow.  Fitch does not expect to
     change the 'B+' rating.

The $250 million senior unsecured notes will be lower priority
debt in the post PSYS acquisition capital structure and the 'B+'
rating reflects an expectation that recovery prospect for these
notes would be highly prejudiced in a debt restructuring or
liquidation, given the large proportion of secured debt in the
post acquisition capital structure (about 93% of debt will be
secured).

UHS's 'BB-' IDR is reflective of the company's operating and
credit metrics pro forma for the PSYS acquisition.  In May 2010,
UHS announced that it had agreed purchase PSYS in an entirely cash
funded $3.1 billion transaction.  Pending receipt of regulatory
approvals and PSYS shareholder approval, the transaction is
expected to close in 4Q'10.  The $3.1 billion purchase price
includes $2 billion to purchase PSYS equity, equating to $33.75
per share, plus the assumption of $1.1 billion of net debt of
PSYS.  UHS will fund almost 100% of the transaction cost through
debt.

The transaction will significantly impact UHS's operating and
credit metrics.  Based on latest 12 months ended June 30, 2010
results, outstanding debt of $883 million equaled 1.2 times EBITDA
of $715 million.  Pro forma for the transaction, Fitch expects UHS
to have approximately $4.1 billion in outstanding debt and to
generate in the area of $1.1 billion of EBITDA, including about
$330 million contributed by PSYS.  Fitch expects debt to equal
about 3.8x pro forma EBITDA prior to any potential debt reduction
post the acquisition.  Although pro forma debt leverage is
somewhat elevated relative to UHS's 'BB-' IDR, the rating is
supported by these factors:

  -- Fitch's pro forma EBITDA does not take into account the
     potential for cost synergies beyond the elimination of about
     $40 million of duplicative corporate expense in 2011.  PSYS's
     EBITDA margin runs about 200-250 basis points below UHS's
     behavioral health segment EBITDA margin, providing support
     for the expectation that there is upside potential for EBITDA
     growth through improvement of PSYS's profitability.

  -- There is the potential for debt reduction post acquisition
     through free cash flow, or through the application of asset
     sale proceeds.  Some level of divestitures in areas of
     geographic overlap is highly likely in order to obtain
     regulatory approvals necessary for the acquisition to
     proceed.

  -- The acquisition will significantly expand UHS's presence in
     the behavioral health space. PSYS is the largest standalone
     operator of freestanding inpatient psych facilities, with 94
     facilities in 32 states, Puerto Rico and the US Virgin
     Islands. UHS's behavioral health segment provides operational
     diversification that is unique amongst for-profit hospital
     providers.  In general, relative to the acute care hospital
     segment, behavioral health operations are more profitable,
     exhibit less volatility in patient volumes and revenues and
     are less vulnerable to certain challenges faced by the acute
     care segment, including high levels of uncompensated care and
     significant regulatory risk. For the LTM ended June 30, 2010,
     UHS's behavioral health segment contributed about 26% of the
     company's revenues and about 39% of its EBITDA.  Fitch
     estimates that post acquisition, the contribution of the
     behavioral segment will increase to 45% of revenue and 55% of
     EBITDA.  In addition, the acquisition will increase UHS's
     geographic diversity, ameliorating credit risk related to its
     high degree of exposure to the Las Vegas, NV market, which
     represented about 22% of revenues in 2009.

Impact of Acquisition on Capital Structure:

The majority of the financing for the acquisition will come from
the new senior secured bank credit facility which UHS launched in
3Q'10.  The new facility commitment totals $3.45 billion and
consists of:

  -- An $800 million revolving credit agreement;
  -- A $1.05 billion term loan A;
  -- A $1.6 billion term loan B.

Fitch rates the secured credit facility 'BB', one-notch above the
'BB-' IDR, due to the credit enhancement provided by the credit
facility collateral, which is expected to include hard asset
security in the form of real estate owned by UHS and its domestic
subsidiaries.  The only pieces of UHS's current capital structure
that will remain outstanding after the acquisition are the 2011
and 2016 senior unsecured notes; because of the limitations on
liens provision in the notes indenture, the notes will become
secured on a parity basis with the secured credit facility when
the facility becomes effective.  Therefore, when the new credit
facility becomes effective and the senior notes become secured,
Fitch expects to rate the notes 'BB'.

Other sources of financing to be used for the acquisition include
the $250 million of proposed senior unsecured notes.  These notes
will be heavily subordinated, as 93% of debt will be secured
through the bank debt and existing 2011 and 2016 notes.
Therefore, recovery for holders of these notes in the event of
liquidation or restructuring will be prejudiced, and Fitch rates
the unsecured notes 'B+', one-notch below the IDR.  Based on the
assumed capital structure and Fitch's pro forma EBITDA estimate,
debt-to-EBITDA will be 3.0x through the bank facility, 3.6x
through the secured debt and 3.8x through the unsecured debt.

Solid Liquidity Profile:

Fitch believes UHS has sufficient liquidity to fund its operating
and financing needs over the near term.  Liquidity is provided
primarily through cash from operations ($456 million for the LTM
ended June 30, 2010), and the $800 million unsecured credit
revolver ($571 million available at June 30, 2010).  UHS had
$12.3 million in cash on hand at June 30, 2010 and FCF was
$119.4 million for the LTM period.  Based on a conservative
operating scenario for the combined UHS/PSYS, Fitch expects annual
FCF (defined as CFO less dividends and capital expenditure)
generation to stabilize around $150 million, indicative of around
a 2% FCF margin.

Near-term debt maturities should be manageable; the next
significant maturities occur in 2011, when the unsecured bank
credit revolver ($166 million drawn as of June 30, 2010) and the
$200 million 6.75% senior notes are due in July and November,
respectively.  Fitch expects the outstanding amount on the
revolver to be refinanced when the new credit facilities become
effective, anticipated in 4Q'10.  In the event internal liquidity
is not sufficient to fund the $200 million senior note maturity in
November 2011, Fitch believes UHS will have adequate capital
market access or sufficient capacity on its bank credit revolver
to refinance the maturity.

Guidelines For Further Rating Actions:

As indicated by the Stable Rating Outlook, Fitch believes a change
in the ratings is unlikely over the next 12-24 months.  However,
if debt leverage reduction post the acquisition were to outpace
Fitch's expectations due to some combination of above projected
growth in EBITDA and more aggressive than anticipated debt
reduction, leading to debt-to-EBITDA falling to near 3.0x in the
near term, it could precipitate a positive rating action.

Total debt of $883 million at June 30, 2010 consisted primarily
of:

Senior Unsecured Credit Facility:

  -- $200 million A/R securitization facility due August 2010
     ($100 million outstanding at June 30, 2010), to be replaced
     with new $250 million A/R securitization program;

  -- $166 million due 2011.

Senior Notes:

  -- $200 million due 2011;
  -- $400 million due 2016.


USG CORP: Contributes 3.2-Mil. Shares to Retirement Plan Trust
--------------------------------------------------------------
USG Corporation contributed on Sept. 8, 2010, 3,271,405 shares of
its common stock, par value $.10 per share, to the USG Corporation
Retirement Plan Trust, the trust maintained in connection with the
defined benefit pension plan sponsored by the Registrant.

The Contributed Shares were valued for purposes of the
contribution at $12.38 per share, or approximately $40.5 million
in the aggregate, by Evercore Trust Company, N.A., an independent
fiduciary that has been appointed as investment manager with
respect to the Contributed Shares.  The Contributed Shares were
issued to The Northern Trust Company, as trustee of the Trust, in
reliance upon the exemption from registration provided by Section
4(2) of the Securities Act of 1933, as amended, and in furtherance
of the Registrant's funding of the Trust.

On Sept. 8, 2010, the Company also entered into a Registration
Rights Agreement with Evercore, in its capacity as investment
manager for the Contributed Shares.  The Registration Rights
Agreement requires, among other things, that the Company file with
the Securities and Exchange Commission a shelf registration
statement on Form S-3 to register the Contributed Shares for the
purpose of resale from time to time by the Trust.

Under the Registration Rights Agreement, the Company is
required to use its commercially reasonable efforts to cause the
registration statement to remain continuously effective until all
Contributed Shares have been sold by the Trust, all of the
Contributed Shares may be sold in accordance with Rule 144
promulgated by the SEC under the Act or 90 days after the number
of Contributed Shares held by the Trust is less than 1% of the
Company's then outstanding shares of common stock, whichever
occurs earlier.  The Company registered the resale of the
Contributed Shares by the Trust with the SEC on Sept. 8, 2010.

A full-text copy of the Registration Rights Agreement is available
for free at http://ResearchArchives.com/t/s?6b39


VICTOR VALLEY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Victor Valley Community Hospital
        15248 Eleventh Street
        Victorville, CA 9239

Bankruptcy Case No.: 10-39537

Chapter 11 Petition Date: September 13, 2010

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

Judge: Catherine E. Bauer

Debtor's Counsel: Mary D. Lane, Esq.
                  Samuel R. Maizel, Esq.
                  Scotta E. McFarland, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  10100 Santa Monica Boulevard, Suite 1100
                  Los Angeles, CA 90067-4100
                  Tel: (310) 277-6910
                  Fax: (310) 201-0760
                  E-mail: mlane@pszjlaw.com
                          smaizel@pszjlaw.com
                          smcfarland@pszjlaw.com

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

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

The petition was signed by Kathy Davis, chairman of the board of
directors.

Debtor's List of 20 Largest Unsecured Creditors:

          Entity                    Nature of Claim   Claim Amount
          ------                    ---------------   ------------
Physicians Hospital Management LLC  Management Fees     $1,393,822
18523 Corwin Road, Suite H
Apple Valley, CA 92307

Cerner Corporation                  Trade               $1,267,067
2800 Rockcreek Parkway
Kansas City, MO 64117

PHS Professional Hospital Supply    Trade                 $480,414
Inc
P.O. Box 23229
Pasadena, CA 91185

CA Department of Health-Genetic     Trade                 $390,989
Box 186, 2163 Meeker Avenue
Richmond, CA 94804-6410

Desert Physicians Management        Management Fees       $370,000
18564 Highway 18, Suite 110
Apple Valley, CA 92307

Stryker Medical                     Trade                 $325,118
P.O. Box 93308
Chicago, IL 60673-3308

Medtronic USA                       Trade                 $289,760
Bank of America Lock Box Service
4642 Collection Center Drive
Chicago, IL 60693

Medtronic Sofamor Danekputin        Trade                 $289,760
12099 Collections Center Drive
Sofamor Danek
Chicago, IL 60693

Anthem Blue Cross                   Medical Premiums      $254,816
Department 5812
ACC# 25528H001
Los Angeles, CA 90074-5812

Depuy Orthopaedics                  Trade                 $230,571

Westcliff Medical Lab, Inc          Trade                 $139,839

Alpha Fund                          Trade                 $121,402

Premium Financing Specialists       Premiums              $119,056

Thompson Engineering                Trade                 $101,061

Cardinal Health Pharmaceutical      Trade                  $96,349

Health Care Legal Services          Trade                  $96,015

Sourcecorp Health Serv              Trade                  $92,326

Spinal Graft Tech                   --                     $79,332

Sorin Group                         Trade                  $72,500

Surgical Directions, LLC            Trade                  $65,919


VILLAGE GREEN: Rents Not Assigned Are Property of the Estate
------------------------------------------------------------
Under Tennessee law, WestLaw reports, an assignment of rents
clause in a deed of trust that a Chapter 11 debtor gave
prepetition was not an absolute assignment, despite language in
the deed of trust that the assignment was intended as a present,
absolute, and irrevocable transfer to the deed of trust lender of
all interest which the debtor had in the rents.  The deed of trust
also indicated that the assignment was for purpose of securing the
debtor's obligations under the deed of trust note.  Moreover, by
allowing the debtor to retain any surplus rent and by providing
for a release of the lender's interest in rent upon payment of the
deed of trust note in full, the deed of trust plainly recognized
that the debtor still had a continuing interest in rents.  Thus,
rents were included in the property of the estate and could be
used by the debtor as cash collateral.  In re Village Green I, GP,
--- B.R. ----, 2010 WL 3488787 (Bankr. W.D. Tenn.) (Emerson, J.).

In connection with this ruling, the Honorable George W. Emerson,
Jr., denied Fannie Mae's motion for relief from the automatic
stay, authorized the debtor to use Fannie Mae's cash collateral,
and required the Debtor to provide Fannie Mae with adequate
protection pursuant to 11 U.S.C. Secs. 363 and 361.

Village Green I GP owns the Village Green Apartments located at
3450 Fescue Lane in Memphis, Tenn.  Village Green sought Chapter
11 protection (Bankr. W.D. Tenn. Case No. 10-24178) on April 16,
2010.  John L. Ryder, Esq., at Harris Shelton Hanover Walsh, PLLC,
in Memphis, Tenn., represents the single-asset real estate debtor.
The debtor estimated its assets and debts at less than $10 million
in its bankruptcy petition.  Fannie Mae is owed about
$9.2 million.


VP WAREHOUSING: Case Summary & 7 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: VP Warehousing, LLC
        7235 Vicksburg Pike
        Fort Wayne, IN 46804

Bankruptcy Case No.: 10-14047

Chapter 11 Petition Date: September 15, 2010

Court: U.S. Bankruptcy Court
       Northern District of Indiana (Fort Wayne Division)

Judge: Robert E. Grant

Debtor's Counsel: Howard B. Sandler, Esq.
                  Robert L. Nicholson, Esq.
                  CARSON BOXBERGER LLP
                  1400 One Summit Square
                  Fort Wayne, IN 46802-3173
                  Tel: (260) 423-9411
                  E-mail: sandler@carsonboxberger.com
                          nicholson@carsonboxberger.com

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

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

A list of the Company's seven largest unsecured creditors,
filed together with the petition, is available for free
at http://bankrupt.com/misc/innb10-14047.pdf

The petition was signed by Scott Olson, managing member.


WARREN JOHNSON: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Warren Howard Johnson
               Susan Seaton Johnson
                aka Susan Johnson
               P.O. Box 399
               Gardiner, MT 59030

Bankruptcy Case No.: 10-62227

Chapter 11 Petition Date: September 14, 2010

Court: United States Bankruptcy Court
       District of Montana (Butte)

Debtor's Counsel: James A. Patten, Esq.
                  PATTEN, PETERMAN, BEKKEDAHL & GREEN PLLC
                  The Fratt Bldg., Suite 300
                  2817 2nd Avenue N
                  Billings, MT 59101
                  Tel: (406) 252-8500
                  Fax: (406) 294-9500
                  E-mail: japatten@ppbglaw.com

Scheduled Assets: $2,039,359

Scheduled Debts: $1,701,952

A list of the Joint Debtors' 4 largest unsecured creditors
filed together with the petition, is available for free
at http://bankrupt.com/misc/mtb10-62227.pdf


WEST CORPORATION: Plans to Amend Senior Sec. Credit Facilities
--------------------------------------------------------------
West Corporation said it intends to seek amendments to its senior
secured credit facilities to, among other things:

   i) extend the maturity of its $250 million senior secured
      revolving credit facility from October 2012 to January 2016;

  ii) extend the maturity of $500 million of its term loans due
      October 2013 to July 2016;

iii) modify the step-down schedule in the current financial
      covenants and modify certain covenant baskets; and

  iv) repay approximately $500 million of its term loans maturing
      October 2013.

These amendments will be subject to certain conditions, including
(x) the Company's obtaining consent of the lenders holding a
majority of the commitments and loans outstanding under the senior
secured credit facilities; (y) the Company's having issued at
least $500 million aggregate principal amount of senior unsecured
notes and having used the net proceeds thereof to prepay a portion
of the Company's term loans due October 2013; and (z) after giving
effect to the prepayment of term loans from the net proceeds of
the New Senior Notes and the extended maturity of $500 million
of term loans, the aggregate principal amount of the term loans
outstanding with a maturity of October 2013 not exceeding certain
levels.

The terms of the amended credit agreement have not yet been
finalized.

                      About West Corporation

Founded in 1986 and headquartered in Omaha, Nebraska, West
Corporation -- http://www.west.com/-- provides outsourced
communication solutions to many of the world's largest companies,
organizations and government agencies.  West Corporation has a
team of 41,000 employees based in North America, Europe and Asia.

West Corporation had total assets of $3,008,762,000, total
liabilities of $4,068,914,000, Class L Common Stock of
$1,413,958,000, and a stockholders' deficit of $2,474,110,000 as
of June 30, 2010.

West Corp. carries a 'B2' corporate rating from Moody's and 'B+'
corporate rating from Standard & Poor's.


WEST CORP: Moody's Assigns 'Ba3' Rating on $500-Mil. Loan
---------------------------------------------------------
Moody's investors Service assigned a Ba3 rating to West
Corporation's proposed extension of $500 million of its senior
secured term loan B, a Ba3 to its proposed extension of its
$250 million amended revolving credit facility, and a B3 rating to
the proposed offering of $500 million of senior unsecured notes.
Concurrently, Moody's affirmed the B2 Corporate Family Rating, the
B2 Probability of Default Rating and the SGL-2 Speculative Grade
Liquidity Rating.  The rating outlook is stable.

Moody's took these rating actions (LGD assessments revised):

  -- Assigned $500 million senior secured term loan B due 2016,
     Ba3 (LGD 2, 25%)

  -- Assigned $250 million senior secured revolving credit
     facility due 2016, Ba3 (LGD 2, 25%)

  -- Assigned $500 million senior unsecured notes due 2018, B3
     (LGD 5, 76%)

  -- Affirmed $2.4 billion senior secured term loan B due
     2013/2016, B1 (LGD 3, 33%) -- balance expected to decline to
     $1.4 billion and rating raised to Ba3 post-refinancing

  -- Affirmed $250 million senior secured revolving credit
     facility due 2012, B1 (LGD 3, 33%)- rating expect to be
     withdrawn upon completion of refinancing

  -- Affirmed $650 million senior notes due 2014, Caa1 (LGD 5,
     83%) -- rating expected to be raised to B3 upon completion of
     the proposed refinancing

  -- Affirmed $450 million senior subordinated notes due 2016,
     Caa1 (LGD 6, 94%)

  -- Affirmed Corporate Family Rating, B2

  -- Affirmed Probability of Default Rating, B2

  -- Affirmed Speculative Grade Liquidity Rating, SGL-2

                        Ratings Rationale

The proposed extension of the credit facility is contingent upon
the closing of the senior note offering.  The proposed term loan
extension will extend the maturity date on $500 million of
currently outstanding term loan B to 2016 from 2013.  Proceeds
from the $500 million offering of senior unsecured notes are
expected to be used to repay an additional $500 million of term
loan B due in 2013.  Although the refinancing will moderately
increase interest expense, Moody's expect credit metrics to remain
in line with B2 rating category.  Furthermore, the refinancing
will substantially reduce 2013 debt maturities.

If the senior note offering and related paydown of the term loan
are completed, Moody's expects to raise the rating on the existing
term loan B to Ba3 from B1 and the rating on the $650 million of
existing senior notes due 2014 to B3 from Caa1.  The raised
ratings on the secured credit facility post-refinancing will
reflect less secured debt outstanding and greater debt cushion in
the form of additional senior notes.  The raised ratings on the
senior notes due 2014 post-refinancing will reflect subordination
to a lower balance of secured debt.

The B2 Corporate Family Rating reflects significant financial
leverage, revenue declines in certain agent-based service lines,
pricing pressures, and technology risks in automated service
lines.  The ratings are supported by the company's scale and
leading market positions, track record of revenue and
profitability growth in automated service lines, and stable
financial performance during 2009 and the first half of 2010
despite pressures from a difficult macro-environment.  Financial
strength metrics are broadly in line with the B2 rating category.

The 2016 maturity of the proposed term loan and revolver could be
accelerated to July 2014 if more than $50 million of senior notes
due 2014 remain outstanding as of such date and the senior secured
leverage ratio (as defined) exceeds 2.8 times.

The stable outlook anticipates flat revenues, modest profitability
growth and a modest improvement in financial strength metrics over
the next year.  The ratings could be upgraded if improving
financial performance or debt reduction results in sustained Debt
to EBITDA and free cash flow to debt of about 5 times and 7%,
respectively.  The ratings could be pressured if pricing trends
worsen or significant client losses result in declining revenues
and operating margins.  A significant debt financed acquisition
that weakens credit metrics could also pressure the rating.  If
these conditions result in sustained Debt to EBITDA and free cash
flow to debt of greater than 7 times and less than 2%,
respectively, a downgrade is possible.

Based in Omaha, Nebraska, West is a leading provider of outsourced
communication solutions to clients in a variety of industries,
including telecommunications, banking, retail, financial services,
technology and healthcare.  The company operates in two business
segments, unified communications and communication services, and
reported revenues of approximately $2.4 billion in the twelve
month period ended June 30, 2010.


WEST CORP: S&P Assigns 'B' Rating on $500-Mil. Senior Notes
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned Omaha, Neb.-based West
Corp.'s proposed $500 million senior unsecured notes due 2018 its
issue-level rating of 'B' (one notch lower than the 'B+' corporate
credit rating on the company).  S&P also assigned this debt a
recovery rating of '5', indicating S&P's expectation of modest
(10%-30%) recovery for noteholders in the event of a payment
default.  The company plans to use note proceeds to reduce its
term loan balance.

At the same time, S&P revised its recovery rating on the company's
existing senior unsecured debt to '5' from '6'.  S&P raised the
issue-level rating to 'B' from 'B-', in accordance with S&P's
notching criteria for a recovery rating of '5'.

Existing ratings on the company, including the 'B+' corporate
credit rating, were affirmed.  The rating outlook is stable.

"The 'B+' corporate credit rating reflects S&P's expectation that
leverage at West Corp. will remain high over the intermediate term
as the company continues its acquisitive growth strategy," said
Standard & Poor's credit analyst Andy Liu.

West has been an active acquirer of automated services companies
as it seeks to expand its presence in higher-margin areas.  The
company is a business process outsourcer with operations in the
U.S., the U.K., and many other countries.  Its service offerings
include conferencing services, emergency alerts, and agent-based
and automated call center services.

S&P considers West's business risk profile to be "fair." The
company competes in the fragmented and highly competitive market
for communication services.  West competes with larger peers, and
often against clients' in-house staff.  A significant portion of
the market is still being served by in-house staff.  The market
for teleconferencing services is competitive as well, despite its
higher margins.  West must constantly strive to increase call
volume and decrease its costs to offset lower pricing.
Nonetheless, S&P believes that longer term trends will continue to
favor outsourcers such as West as companies continue to outsource
noncore functions to extract operating efficiencies.

In S&P's view, West has a "highly leveraged" financial profile.
Pro forma for the transaction, lease-adjusted total debt to EBITDA
was 5.7x for the 12 months ended June 30, 2010, which is in line
with the debt-to-EBITDA ratio for the rating category.  Based on
West's history of debt-funded acquisitions, the company is
unlikely to significantly reduce debt with free cash flow.  Any
decrease in debt leverage will require EBITDA expansion, in S&P's
view.  Pro forma lease-adjusted EBITDA coverage of interest
declined to 2.3x for the 12 months ended June 30, 2010, due to
higher interest costs on the amended revolving credit facility,
the amended term loan, and the unsecured notes.

(The company is amending and extending its $250 million revolver
to 2016 and $500 million of its term loan to 2016.) Discretionary
cash flow represented 37% of EBITDA.  West had proposed to offer
up to $500 million of common stock in an initial public offering.
If the IPO is successful and the company uses proceeds to reduce
debt, this could have a positive effect on the rating.  It will
depend on the size of debt reduction and business performance at
the time.


WIEN BAKERY: Case Summary & 8 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Wien Bakery LLC
        3035 W. Olympic Boulevard
        Los Angeles, CA 90006

Bankruptcy Case No.: 10-48843

Chapter 11 Petition Date: September 13, 2010

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

Judge: Barry Russell

Debtor's Counsel: Robert Y. Lee, Esq.
                  LEE LAW GROUP APLC
                  3699 Wilshire Boulevard, Suite 1100
                  Los Angeles, CA 90010
                  Tel: (213) 383-5400
                  Fax: (213) 383-5402
                  E-mail: robert@lgcounsel.com

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

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

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-48843.pdf

The petition was signed by Hae Duk Kim, owner and controlling
shareholder.


WILLIAM RAMAGE: Case Summary & 19 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: William Lawrence Ramage
               Jill Marie Ramage
               1436 Liverpool Way
               Petaluma, CA 94954

Bankruptcy Case No.: 10-13515

Chapter 11 Petition Date: September 13, 2010

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

Judge: Alan Jaroslovsky

Debtors' Counsel: Steven M. Olson, Esq.
                  LAW OFFICES OF STEVEN M. OLSON
                  100 E. Street, #214
                  Santa Rosa, CA 95404
                  Tel: (707) 575-1800
                  E-mail: smo@smolsonlaw.com

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

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

A list of the Joint Debtors' 19 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-13515.pdf


WYNDHAM WORLDWIDE: Moody's Gives Pos. Outlook; Puts 'Ba1' Rating
----------------------------------------------------------------
Moody's revised Wyndham's rating outlook to positive from stable
reflecting an improving operating outlook for each of its business
segments, reduced timeshare business risks, the company's
commitment to manage its timeshare segment for cash, and the
expectation that credit metrics will improve modestly over the
next year.  Moody's also assigned a Ba1 rating to Wyndham's new
$250 million senior unsecured note offering and affirmed the
company's Ba1 Corporate Family Rating.  The note proceeds will be
used to reduce outstanding indebtedness.

                        Ratings Rationale

The ratings consider Wyndham's leading market position in each of
its three business segments, and the high margins and low capital
intensity of its hotel franchise and vacation exchange and rentals
segments.  The rating also reflects slightly reduced timeshare
business risk given lower development spending and a higher level
of cash sales.  Key credit concerns include timeshare business
risks -- particularly high default rates associated with timeshare
consumer receivables -- as well as a reliance on the
securitization market to recycle consumer receivables so that
capital can be made available for other corporate objectives,
including returns to shareholders.

Ratings could be upgraded if recently improved operating trends
are sustained and result in higher year over year consolidated
EBITDA, the company continues to effectively manage its timeshare
business for cash and reduces the risk exposure that the business
entails, maintains access to the securitization market, renews its
timeshare receivable conduit that matures in October 2010, and if
debt/EBITDA drops below 3.0 and appears likely to remain at this
lower level. over the long term.

Ratings could be downgraded if it appears likely debt to EBITDA
would rise above 3.75 times or if the company's financial policy
become more aggressive.

Rating assigned:

  -- $250 million senior unsecured notes due 2018 at Ba1, (LGD 4,
     61%)

Ratings affirmed:

  -- Corporate Family Rating at Ba1
  -- Probability of Default Rating at Ba1
  -- Senior unsecured bonds at Ba1 (LGD 4, 61%)
  -- Unsecured debt shelf at (P) Ba1 (LGD 4, 61%)
  -- Preferred debt shelf at (P) Ba2 (LDG 6, 97%)


YASMIN KASHANI: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Yasmin Kashani
        10724 Wilshire Boulevard, Suite 1001
        Los Angeles, CA 90024

Bankruptcy Case No.: 10-49040

Chapter 11 Petition Date: September 14, 2010

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

Judge: Ernest M. Robles

Debtor's Counsel: David B. Golubchik, Esq.
                  LEVENE NEALE BENDER RANKIN & BRILL LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  E-mail: dbg@lnbrb.com

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

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/cacb10-49040.pdf


* August Bankruptcy Filings By Multi-Million Dollar Companies
-------------------------------------------------------------
Six companies with assets at least $100 million in assets tumbled
into Chapter 11 bankruptcy in August, a tad lower from the eight
mega filers in July.

Boston Generating LLC was the lone billion-dollar filer for
August, estimating more than a billion dollars in assets and
debts.

Year-to-August 2010, seven companies have filed for Chapter 11
bankruptcy disclosing more than a billion dollar in assets.  Year-
to-August 2009, billion-dollar filers total 36.  Total billion-
dollar filers for 2009 reached 44.

The other August mega-filers are:

     * Chemtura Canada Co./Cie.;
     * Sea Island Company;
     * Caribbean Petroleum Corporation;
     * Petroflow Energy Ltd.; and
     * OTC Holdings Corporation

Bankruptcy filings by large companies remain low compared to
August 2009.  Last year, 11 large companies went belly up, lead by
billion-dollar companies Cooper-Standard Holdings Inc., The
Reader's Digest Association, Inc., and Taylor Bean & Whitaker
Mortgage Corp.  Cooper-Standard and Reader's Digest have since
emerged from bankruptcy.

Year-to-August 2010, 73 chapter 11 cases were commenced by
companies with assets between $100 million and $1 billion.  Last
year, 163 chapter 11 cases were commenced by companies with assets
between $100 million and $1 billion.

OTC Holdings commenced a prepack case in August.  Year-to-August,
a total of 26 prepacks/pre-arranged cases were filed.

                   2010 Large Chapter 11 Cases

                   $100MM   $500MM
    Month        - $500MM     $1BB   > $1BB  Prepacks  Total
    -----        --------   ------   ------  --------  -----
    January          14        2         1       8       17
    February          6        1         3       3       15
    March             9        3         -       5       12
    April             7        1         -       3        8
    May              12        -         -       2       12
    June              4        1         -       1        5
    July              5        1         2       3        8
    August            3        2         1       1        6

Of the August mega-cases, three cases went to Delaware, bringing
the year's total to 30.  Two went to Manhattan.  So far this year,
14 mega-cases were commenced in Manhattan.  In 2009, 79 mega-cases
went to Delaware while 32 cases went to Manhattan.

The top 15 filers for the year by total assets, thus far, are:

    Case                   Total Assets     Court   Petition Date
    ----                   ------------     -----   -------------
    Movie Gallery, Inc.    More than $1BB   VAEB     2-Feb
    Aleris Deutschland     More than $1BB   Del      5-Feb
      (affiliate of
      Aleris Int'l)
    Capmark Investments    More than $1BB   Del     15-Jan
      (affiliate of
       Capmark Financial)
    ESA P Portfolio        More than $1BB   Del     18-Feb
      TXNC GP L.L.C.
      (affiliates of
      Extended Stay)
    Innkeepers USA Trust   More than $1BB   SDNY    19-Jul
    Protech Holdings C     More than $1BB   Del     29-Jul
      (affiliate of
       Capmark Financial)
    Boston Generating LLC  More than $1BB   SDNY    18-Aug
    Mesa Air Group Inc.    $975,487,000     SDNY     5-Jan
    Almatis B.V.           $500MM - $1BB    CASB    30-Apr
    Centaur, LLC           $500MM - $1BB    Del      6-Mar
    Penton Media           $500MM - $1BB    SDNY    10-Feb
    Sargent Ranch LLC      $500MM - $1BB    CASB     4-Jan
    South Bay Expressway   $500MM - $1BB    CASB    22-Mar
    Garlock Sealing        $500MM - $1BB    CASB    22-Mar
    Xerium Technologies    $693,511,000     Del     30-Mar

Orleans Homebuilders, which had $591,463,000 in total assets,
drops out of the Top 15 list.  Orleans Homebuilders filed March 1,
2010.

Lehman Brothers Holding Corp. remains the biggest corporate bust
in history.  Lehman, which filed in 2008, had $639 billion in
total assets and $613 billion in total debts at that time of its
filing.

                        AUGUST 2010 MEGA CASES

(A) Boston Generating

New York-based Boston Generating, LLC, owns nearly 3,000 megawatts
of mostly modern natural gas-fired power plants in the Boston
area.  Privately held Boston Generating is an indirect subsidiary
of US Power Generating Co., and considers itself as the third-
largest fleet of plants in New England.

Boston Generating and its affiliates filed for Chapter 11
protection on August 18, 2010 (Bankr. S.D.N.Y. Case No. 10-14419)
to consummate a sale of its assets.  Under an August 7, 2010 asset
purchase agreement, the Debtors will sell the assets to
Constellation Holdings, Inc., for $1.10 billion.  In the event
that the Stalking Horse Bidder isn't chosen as the winning bidder,
the Stalking Horse Bidder will receive a break-up fee of $30
million and up to $5 million for reimbursement of expenses.

Bids are due Oct. 25.  An auction is slated for Oct. 29.

Boston Generating estimated its assets and debts at more than
$1 billion as of the Petition Date.

D. J. Baker, Esq., at Latham & Watkins LLP, serves as bankruptcy
counsel for the Debtors.  JP Morgan Securities is the Debtors'
investment banker.  Perella Weinberg Partners, LP, is the Debtors'
financial advisor.  Brown Rudnick LLP is the Debtors' regulatory
counsel.  FTI Consulting, Inc., is the Debtors' restructuring
consultant.  Anderson Kill & Olick, P.C., is the Debtors'
conflicts counsel.  The Garden City Group, Inc., is the Debtors'
claims agent.


(B) Chemtura Canada Co./Cie.

Chemtura Canada Co./Cie filed a voluntary Chapter 11 petition on
August 8, 2010, with the U.S. Bankruptcy Court for the Southern
District of New York solely to address diacetyl-related claims
asserted against it.

Chemtura Canada is a wholly owned indirect subsidiary of Chemtura
Corporation.  Chemtura Canada is part of Chemtura Corp.'s globally
diversified specialty chemicals business, with operations in
Chemtura Corp.'s Industrial Engineered Products segment.  Chemtura
Canada directly or indirectly owns several subsidiaries that
operate in Italy (Chemtura Italy S.r.l.) and Brazil (Chemtura
Industria Quimica de Brasil Ltda.), among other countries.

Chemtura Canada was mainly involved in the production of diacetyl,
a butter flavoring that was widely used in the food industry
before 2005.  As of August 8, 2010, there are 22 pending lawsuits
against Chemtura Corp. or Chemtura Canada based on allegations
that exposure to diacetyl manufactured by Chemtura Canada and
distributed by Chemtura and Citrus caused respiratory illness in
numerous food industry factory workers.

Chemtura Canada's bankruptcy filing was contemplated under the
parent company and its affiliates' plan of reorganization.  The
Original Debtors revised the bankruptcy-exit plan on July 9, 2010,
to include Chemtura Canada as a potential debtor so that Diacetyl
Claims against Chemtura Canada can be addressed in the same manner
as Diacetyl Claims against Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- is a global manufacturer and marketer
of specialty chemicals, crop protection products, and pool, spa
and home care products.  Chemtura Corporation and 26 of its U.S.
affiliates filed voluntary petitions for relief under Chapter 11
on March 18, 2009 (Bankr. S.D.N.Y. Case No. 09-11233).  M. Natasha
Labovitz, Esq., at Kirkland & Ellis LLP, in New York, serves as
bankruptcy counsel.  Wolfblock LLP serves as the Debtors' special
counsel.  The Debtors' auditors and accountant are KPMG LLP; their
investment bankers are Lazard Freres & Co.; their strategic
communications advisors are Joele Frank, Wilkinson Brimmer
Katcher; their business advisors are Alvarez & Marsal LLC and Ray
Dombrowski serves as their chief restructuring officer; and their
claims and noticing agent is Kurtzman Carson Consultants LLC. As
of December 31, 2008, the Debtors had total assets of $3.06
billion and total debts of $1.02 billion.


(C) Sea Island Company

Sea Island -- http://www.seaisland.com/-- is a private resort and
real estate development company founded in 1926.  Carrick
Mollenkamp and Lingling Wei, writing for The Wall Street Journal,
said Sea Island hit a financial wall when it couldn't repay debt
taken on by Bill Jones III, the company's CEO and the fourth
generation of his family to lead Sea Island, as part of a $395
million renovation and expansion in 2006 and 2007.

Sea Island reached an agreement to sell substantially all of its
assets to Sea Island Acquisition LP, a limited partnership formed
by investment funds managed by the global investment firms Oaktree
Capital Management, L.P. and Avenue Capital Group.  The Company
filed for Chapter 11 bankruptcy to facilitate the sale.  It has
also filed a bankruptcy plan premised on the sale.

J. Scott Trubey at the Atlanta Journal-Constitution reported that
Starwood Capital Group and Anschutz Entertainment Group made a
$199 million offer for the assets of Sea Island Co., surpassing
the $197.5 million bid of Oaktree Capital Management and Avenue
Capital Group.  Mr. Trubey also reported that a federal bankruptcy
judge nixed the new bid, saying that if the Starwood-Anschutz
partnership wanted to bid for the asset, it will have to do so at
the auction.  A group of unsecured creditors backed the Starwood-
Anschutz bid.

The Debtors have proposed that an auction be held on October 11.

Sea Island filed for Chapter 11 protection on August 10, 2010
(Bankr. S.D. Ga. Case No. 10-21034).  Sarah R. Borders, Esq.;
Harris Winsberg, Esq.; Sarah L. Taub, Esq.; and Jeffrey R. Dutson,
Esq., at King & Spalding LLP, assists the Debtor in its
restructuring effort.  Robert M. Cunningham, Esq., at Gilbert,
Harrell, Sumerford & Martin PC, is the Debtor's co-counsel.  FTI
Consulting, Inc., is the Debtor's restructuring advisor.  EPIQ
Bankruptcy Solutions, LLC, is the Debtor's claims and notice
agent.  The official committee of unsecured creditors has retained
Jordi Guso, Esq. and Berger Singerman, P.A. as its counsel.
The Debtor estimated its assets and debts at $500 million to
$1 billion as of the Petition Date.


(D) Caribbean Petroleum Corporation

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated assets at $100 million to $500 million and debts at
$500 million to $1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

The Debtors' lead counsel is Cadwalader, Wickersham & Taft LLP.
The Debtors' financial advisor is FTI Consulting Inc.  The
Debtors' chief restructuring officer is Kevin Lavin of FTI
Consulting Inc.

Judge Kevin Gross had rejected an attempt by the Puerto Rico
Treasury Department to transfer Caribbean Petroleum's bankruptcy
case to a court in its jurisdiction, clearing the way for the
company to begin arranging for the sale of its assets.

The Debtors are seeking permission from the Court to implement a
sale process for substantially all of their assets.  The Debtors
seek to enter into a stalking horse agreement by November 10,
2010, with one or more bidders for the purpose of establishing a
minimum acceptable bid for the assets.


(E) Petroflow Energy Ltd.

Petroflow Energy is the parent of Denver, Colorado-based North
American Petroleum Corp. USA and Prize Petroleum Corp.  North
American Petroleum is a natural gas driller.

Petroflow Energy filed on August 20 (Bankr. D. Del. 10-12608).
When it filed for bankruptcy, Petroflow sought recognition of the
U.S. chapter 11 proceedings from the Alberta Court of Queen's
Bench under the Companies' Creditors Arrangement Act in Canada,
and have its chapter 11 case jointly administered with those of
its two chapter 11 debtor affiliates under the caption "In re
North American Petroleum Corporation USA, Case # 10-11707 (CSS)."

North American Petroleum filed for Chapter 11 bankruptcy
protection on May 25, 2010 (Bankr. D. Del. Case No. 10-11707).
Affiliate Prize Petroleum LLC filed a separate Chapter 11 petition
on May 25, 2010 (Case No. 10-11708).

Attorneys at Kirkland & Ellis LLP serve as bankruptcy counsel.
Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg LLP,
is the Debtor's Delaware counsel.  Kinetic Advisors LLC is the
Company's restructuring advisor.  Epiq Bankruptcy Solutions, LLC,
is the Debtor's notice, claims and balloting agent.  The Debtor
estimated its assets and debts at $100 million to $500 million as
of the Petition Date.


(F) OTC Holdings Corporation

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

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

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

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

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

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

The Debtors disclosed $463 million in total assets and $757
million in total liabilities as of the Petition Date.  Richard
Hahn, Esq., My Chi To, Esq., Jae-Sun Chung, Esq., Huyue Angela
Zhang, Esq., and Jessica Katz, Esq., at Debevoise & Plimpton LLP,
assist the Debtors in their restructuring efforts.  Joel A. Waite,
Esq., and Kenneth J. Enos, Esq., at Young, Conaway, Stargatt &
Taylor, serve as the Debtors' local counsel.  Jefferies & Company,
Inc., is the Debtors' financial advisor.  Protiviti, Inc., is the
Debtors' restructuring consultant.  Kurtzman Carson Consultants
LLC is the Debtors' claims agent.


* BOOK REVIEW: CORPORATE DEBT CAPACITY - A Study of Corporate Debt
               Policy and the Determination of Corporate Debt
               Capacity, A Business Classic
------------------------------------------------------------------
Author: Gordon Donaldson
Publisher: Beard Books, Washington, D.C. 2000
(reprint of 1961 book published by the President and Fellows of
Harvard College).
294 pages. $34.95 trade paper, ISBN 1-58798-034-7.

"The research project who results are reported in this volume was
primarily concerned with the risk element involved in the
utilization of debt as a source of permanent capital for
business," Bertrand Fox, Director of Research, succinctly writes
in the "Foreword".  The research project was funded by and
conducted by an organization connected with Harvard College, the
original publishers of this book in the early 1960s.

The research was not a body of data for analysis as research
typically is in business studies or sociological studies.  In the
end, Donaldson recommends perspectives and practices going beyond
the research.  This doesn't necessarily go against the findings of
the research, but rather shows the limitations of the thinking of
most businesspersons at the time or their blind spots regarding
the role of debt, especially with respect to potentials for
growth, longevity, and other interests of business management.

The businesses are not identified.  Given Donaldson's credibility
and reputation and the Harvard name behind the research project
however, the research data is taken as factual and reliable.  The
research was garnered from participating corporations and
financial institutions.

Though there are a few tables, the research is not limited to
financial information strictly as figures and other balance sheet
data.  Donaldson was interested as much in corporate leaders'
psychology and presumptions about debt more than current debt
situations and corporate policies regarding debt.  Financial
institutions were included as part of the study as well because
their views toward corporate debt and the way they worked with the
financial parts of corporations had an effect on corporate debt of
the time.

As Donaldson found from the research, both corporations and
financial institutions understood debt in conventional,
traditional, ways.  For the corporations, these ways could be
hampering operations and strategy.  The ways corporations were
being hampered were unseen however unless they started looking at
their books differently and became open to taking on debt
differently.  Donaldson's singular achievement was to see in the
research ways in which corporations were being hampered and in
thus propose a new way of regarding debt.  This was a
revolutionary step for the large majority of businesses.  And for
even the small number of businesses which were pursuing
unconventional debt practices, Donaldson's studies and new
perspective put these on solid ground giving better guidance.

Donaldson's readings of the research reflect corporate managers'
own statements (also part of the research) regarding their views
on their company's financial analysis and debt.  Managers are
quoted, "Our management is essentially conservative."; "The word
which describes our corporate image is 'dignified'."; "I supposed
in a way we're lazy."  The author treats these as "attitudes" --
as in a chapter "Management Attitudes to Non-Debt Sources" --
realizing that it is such "attitudes" more than what financial
figures disclose or debt itself which colors practices about the
fundamental business matter of debt.

Donaldson brings into the open managers false sense of debt.  This
false sense is bound in with conventional, inherited concepts and
images of a corporation having no relation to facts.  Such
conventional views are perpetuated by an aversion to risk.  The
less debt, the less risk, according to the prevailing precept.
But Donaldson points out that managers who observe this actually
often pursue greater risks in product development, entering new
markets, mergers, and other activities.

Corporate "attitudes" to debt since the book's 1961 publication
attest to the deep influence of Donaldson's groundbreaking
perspective.  Consumer debt, the growth of credit cards, and other
financial phenomena also evidence changed regard of debt found in
Donaldson's work.  The tipping of the balance to too much debt for
many corporations and beyond cannot be attributed to the book
however.  For in urging new concepts and uses of debt for the
better management of corporations, Donaldson also goes into
determination and control of risks entailed in new types of debt.

Gordon Donaldson retired in 1993 after close to 20 years at the
Harvard Business School.

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S U B S C R I P T I O N   I N F O R M A T I O N

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