TCR_Public/101007.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Thursday, October 7, 2010, Vol. 14, No. 278

                            Headlines

2001 PROPERTIES: Files Schedules of Assets and Liabilities
AG ENERGY: Gets Nod to Hire Sandberg Phoenix as Bankr. Counsel
ALASKA COMMUNICATIONS: Moody's Assigns 'Ba3' Rating on New Loan
ALLY FINANCIAL: Connecticut AG Wants Foreclosures Halted
ALLY FINANCIAL: Says Foreclosure Practices Not Fraudulent

AMERICAN MORTGAGE: Court Confirms Reorganization Plan
BLOCKBUSTER INC: Initial Case Conference Set for Oct. 19
BLOCKBUSTER INC: Menter Rudin, et al., Represent Landlords
BNA SUBSIDIARIES: Organizational Meeting to Form Panel on Oct. 8
BOSTON GENERATING: Fortress, MatlinPatterson Oppose "Quick" Sale

BURGER KING: S&P Retains CreditWatch Negative on 'BB-' Rating
C&D TECHNOLOGIES: NYSE Suspends Trading Effective Oct. 8
C&D TECHNOLOGIES: To Proceed With Dual-Track Restructuring
CB RICHARD: Moody's Assigns 'Ba1' Rating on $350 Mil. Notes
CB RICHARD: S&P Affirms Counterparty Credit Rating at 'BB'

CENTAUR LLC: Multiple Bids Received for Valley View Downs Project
CHINA TEL GROUP: Posts $29 Million Net Loss in June 30 Quarter
CHESTER LYN: Case Summary & 20 Largest Unsecured Creditors
CHINA VILLAGE: Case Summary & 20 Largest Unsecured Creditors
CIT GROUP: To Redeem Additional $860 Million in Series B Notes

CMB III: Union Fidelity Tries to Block Cash Collateral Use
COLONIAL BANCGROUP: Top Hat Plan Assets Property of the Estate
CPJFK, LLC: Voluntary Chapter 11 Case Summary
DAVIS HERITAGE: Section 341(a) Meeting Scheduled for Nov. 3
DAVITA INC: Fitch Assigns 'BB' Rating on $3 Bil. Senior Loan

DIVERSIFIED LENDING: Owner Arrested for $220MM Ponzi Scheme
DJO FINANCE: Moody's Assigns 'Caa1' Rating on $300 Mil. Notes
DJO INC: S&P Assigns 'CCC+' Rating on $300 Mil. Senior Notes
EAST PALMDALE: Voluntary Chapter 11 Case Summary
EMBASSY DELUJO: Case Summary & 20 Largest Unsecured Creditors

ENVOY CAPITAL: Notified by NASDAQ on Low Bid Price
EVERTEC INC: S&P Assigns Corporate Credit Rating at 'B+'
FIRSTFED FINANCIAL: Files Chapter 11 Plan of Liquidation
FONTAINEBLEAU LAS VEGAS: Icahn Holds Fire Sale
FRANK BYERS: Voluntary Chapter 11 Case Summary

GARLOCK SEALING: Seeks to Pay Appeal Bond Invoice
GARLOCK SEALING: Wins Nod for Grant Thornton as Audit Accountant
GARLOCK SEALING: Says Orrick Herrington Fees Excessive
GARY COWAN: Case Summary & 20 Largest Unsecured Creditors
GENERAL MOTORS: Unsecureds at Odds with Treasury on Assets

GRACE LIM: Case Summary & 31 Largest Unsecured Creditors
GRACEWAY PHARMACEUTICALS: Moody's Cuts Corp. Family Rating to 'Ca'
GREAT ATLANTIC: Owes Detroit Landlords Nearly $150-Mil. in Rent
GREAT FALLS: Voluntary Chapter 11 Case Summary
GREENVILLE UNITED: Case Summary & 7 Largest Unsecured Creditors

HARRISBURG PA: Water, Parking Debt Under Review for Downgrade
HARRY JEREMIAS: U.S. Bancorp Seeks to Foreclose on Renwick Condo
HAWK CORP: S&P Retains CreditWatch Developing on 'B' Rating
HERTZ CORPORATION: Fitch Assigns 'BB-' Rating on $700 Mil. Notes
HOLLINGER INC: Enters Settlement Agreement With KPMG LLP

HOSPITAL DAMAS: Taps Charles A. Cuprill as Bankruptcy Counsel
IMPERIAL CAPITAL: Court Limits Transfers of Equity Interests
IMPERIAL CAPITAL: Files Chapter 11 Plan of Liquidation
INTERNATIONAL GARDEN: Receives Court Okay of All 1st Day Motions
INTERSTATE BAKERIES: Ct. Rejects $56MM U.S. Bank Claim v. Insurers

INVACARE CORPORATION: Tender Offer Won't Move Moody's 'B1' Rating
ITC DELTACOM: S&P Puts 'B' Rating on CreditWatch Positive
JACKSON VALLEY: Voluntary Chapter 11 Case Summary
JAMES CAVINESS: Voluntary Chapter 11 Case Summary
JAZZBONES VENTURES: Voluntary Chapter 11 Case Summary

JEFFERSON COUNTY: Commission President Favors Bankruptcy
JEFFREY FRIMMERSDORF: Voluntary Chapter 11 Case Summary
JOE MIRANDA: Case Summary & 20 Largest Unsecured Creditors
JOINT THEATER: Bankruptcy Filing Averts Foreclosure Sale
KENT SWIG: Real Estate Firm Buys 5 Hanover Square Mortgage

LAKE STREET: In Bankruptcy, Has 2 Mos. to Redeem Petoskey Project
LAWRENCE BUILDING: Case Summary & Creditors List
LEAR CORPORATION: Moody's Raises Corporate Family Rating to 'Ba3'
LESLIE NEYHART: Voluntary Chapter 11 Case Summary
LODGENET INTERACTIVE: S&P Withdraws 'B' Rating on $435 Mil. Notes

LONGHORN PARK: Case Summary & 3 Largest Unsecured Creditors
LOREN CHRISTOPHEL: Case Summary & 20 Largest Unsecured Creditors
LA BOTA DEVELOPMENT: Files Full-Payment Reorganization Plan
LINCOLNSHIRE CAMPUS: Combined Plan Hearing on Nov. 10
MARVIN RICHER: Section 341(a) Meeting Scheduled for Oct. 20

MARVIN RICHER: Asks for Court's Nod to Use Cash Collateral
MARVIN RICHER: Taps Holmstrom & Kennedy as Bankruptcy Counsel
MIDWEST BANC: U.S. Trustee Forms 5-Member Creditors Committee
MIDWEST BANC: Committee Taps Freeborn & Peters as Counsel
MOLECULAR INSIGHT: Gets Oct. 15 Extension of Waiver Agreement

MPC COMPUTERS: Proposes Settlement with Gateway Inc.
NAKNEK ELECTRIC: Files for Chapter 11 to Void Liens
NAKNEK ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
NEC HOLDINGS: To Close Lenexa Facility & Cut 206 Jobs
NEVADA GEOTHERMAL: Posts $18 Million Net Loss in Fiscal 2010

OPUS EAST: Ch. 7 Trustee Wins Nod for Ciardi as Counsel
OPUS SOUTH: Trustee Wants Claim vs. Waters Edge Deemed Timely
OPUS SOUTH: BofA Wants Lift Stay to Include Debtor as Defendant
OPUS SOUTH: Greenberg Traurig Bills $774,392 for Work as Counsel
OPUS WEST: Files Omnibus Claims Objections

OPUS WEST: Bechthold & Sullivan Agree on Expungement of Claims
PETTERS GROUP: Trustee Sues Arrowhead to Recoup $105.4 Million
PFG ASPENWALK: Gets Court's Interim Nod to Obtain DIP Financing
PFG ASPENWALK: Taps Leonard Street as Bankruptcy Counsel
POLYMER GROUP: Blackstone Deal Cues Moody's to Withdraw Ratings

PRIMUS TELECOMMUNICATIONS: S&P Puts 'B-' Rating on Negative Watch
QOC I: Wants to Hire Cole Schotz as Co-Counsel
QOC I: Wants to Use Wells Fargo's Cash Collateral
QUALITY PROPERTIES: Case Summary & 5 Largest Unsecured Creditors
RENEGADE HOLDINGS: Chinqua Penn Mansion Remains Open for Business

RIVIERA HOLDINGS: Court Approves Incentive Program
ROBERT LEACH: Case Summary & 9 Largest Unsecured Creditors
ROSS NETWORK: Organizational Meeting to Form Panel on Oct. 8
ROTECH HEALTHCARE: Moody's Upgrades Corp. Family Rating to 'Caa1'
SANITARY AND IMPROVEMENT: Chapter 9 Case Summary & Creditors List

SAVANNAH OUTLET: Case Summary & 20 Largest Unsecured Creditors
SEA ISLAND: Starwood Presents $197.5 Million Competing Offer
SEATTLE LANGUAGE: Files for Ch. 11; To Continue Classes This Fall
SENTINEL MANAGEMENT: Ex-Auditor Fined Over Securities Scandal
SHANE CO: Can Send Reorganization Plan to Creditors for Vote

ST. GEORGE: Voluntary Chapter 11 Case Summary
STUYVESANT TOWN: Foreclosure Auction Moved; Lenders Work on Deal
T. TRAN: Case Summary & 8 Largest Unsecured Creditors
TERRY GALLIMORE: Voluntary Chapter 11 Case Summary
TIMOTHY MARTIN: Case Summary & 13 Largest Unsecured Creditors

TRUMP ENTERTAINMENT: Court Approves Settlement With Icahn
TRUMP ENTERTAINMENT: Oct. 19 Hearing Set for Bondholders' Fees
TRUVO USA: Creditors Committee Lodges Support to Plan
TRUVO USA: Bondholders to Get More Under New Plan
TURKPOWER CORPORATION: MaloneBaley LLP Raises Going Concern Doubt

UNITED CONTINENTAL: I. Walter Acquires UAL Shares
UNITED CONTINENTAL: UAL Releases Corp. Responsibility Report
UNITED CONTINENTAL: Files Prospectus Supplements with SEC
UNIVISION COMMUNICATIONS: S&P Puts 'B-' Rating on Positive Watch
VERASUN ENERGY: Aurora Coop Won't Repay for Sold Corn

VICTOR HERNANDEZ: Voluntary Chapter 11 Case Summary
VIEW ACRE: Voluntary Chapter 11 Case Summary
WASHINGTON MUTUAL: Files Amended Plan of Reorganization
YAIR LEVY: Bank to Set Rector Square Foreclosure Auction Date
YONG AHN: Case Summary & 10 Largest Unsecured Creditors

* Highland's Daugherty Says Technical Trade in Distressed Gone
* BankUnited's CEO Says U.S. May Lose a Third of Its Banks
* Consumer Bankruptcies Up 11% So Far in 2010, Says ABI
* Bankruptcy Filings Rise in South Texas

* C. Scott Wilson Joins Huron Consulting Group
* Orrick and Akin Gump Cancel Merger Plans

* Judge Kagan Dives Into Case on First Day With Supreme Court

* Chapter 11 Cases With Assets & Liabilities Below $1,000,000

                            *********

2001 PROPERTIES: Files Schedules of Assets and Liabilities
----------------------------------------------------------
2001 Properties, LLC, filed with the U.S. Bankruptcy Court for the
District of Colorado its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $35,000,000
  B. Personal Property                   $32
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $30,477,229
  E. Creditors Holding
     Unsecured Priority
     Claims                                                 $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $13,927,015

                                 -----------      ------------
        TOTAL                    $35,000,032       $44,404,244

Mission Hills, Kansas-based 2001 Properties, LLC, filed for
Chapter 11 bankruptcy protection on August 31, 2010 (Bankr. D.
Colo. Case No. 10-32331).  Guy B. Humphries, Esq., in Denver,
Colorado, assists the Debtor in its restructuring effort.  The
Debtor estimated its assets and debts at $10 million to
$50 million in its Chapter 11 petition.


AG ENERGY: Gets Nod to Hire Sandberg Phoenix as Bankr. Counsel
--------------------------------------------------------------
AG Energy Resources, Inc., sought and obtained authorization from
the Hon. Laura K. Grandy of the U.S. Bankruptcy Court for the
Southern District of Illinois to employ Sandberg, Phoenix, & von
Gontard, P.C., as bankruptcy counsel.

Sandberg Phoenix will, among other things:

     a. advise and consult with Debtor regarding alternatives for
        reorganization including, but not limited to, refinancing
        of existing debt, injection of additional capital, or sale
        of some or all of Debtor's assets;

     b. evaluate and attack claims of various creditors who may
        assert security interests in the assets and who may seek
        to disturb the continued operation of the business;

     c. appear in, prosecute or defend suits and proceedings, and
        take all necessary and proper steps and other matters and
        things involved in or connected with the affairs of the
        estate of Debtor; and

     d. represent Debtor in court hearings and assist in the
        preparation of contracts, reports, accounts, petitions,
        applications, orders and other papers an documents as may
        be necessary in the Chapter 11 proceeding.

Sandberg Phoenix will be paid based on the hourly rates of its
personnel:

        Keith D. Price                  $280
        Scott Greenberg                 $305
        Mara J. Ising                   $165
        Paralegals/Assistants        $120-$130

Keith D. Price, Esq., an attorney at Sandberg Phoenix, assures the
Court that the firm is a "disinterested person," as that term is
defined in section 101(14) of the Bankruptcy Code, as modified by
section 1107(b) of the Bankruptcy Code.

Benton, Illinois-based Ag Energy Resources, Inc., filed for
Chapter 11 bankruptcy protection on September 23, 2010 (Bankr.
S.D. Ill. Case No. 10-41440).  In its schedules, the Debtor
disclosed $14,133,914 in total assets and $9,651,006 in total
liabilities as of the Petition Date.


ALASKA COMMUNICATIONS: Moody's Assigns 'Ba3' Rating on New Loan
---------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 rating to Alaska
Communications Systems Holdings, Inc. new senior secured credit
facility.  Moody's also affirmed ACSH's B1 Corporate Family
Rating, its B1 Probability of Default Rating and the company's
SGL-3 Speculative Grade Liquidity rating.  The outlook remains
stable.  The proceeds from this new credit facility will be used
to retire the existing credit facility that is scheduled to mature
in 2012.

Issuer:

Alaska Communications Systems Holdings, Inc.

  -- Corporate Family Rating - B1
  -- Probability of Default Rating - B1
  -- $30m Senior Secured RCF due 2015.Ba3/LGD-3 (39%)
  -- $440m Senior Secured Term Loan due 2016Ba3/LGD-3 (39%)
  -- SGL / Short-Term Rating - SGL-3
  -- Outlook - Stable

                        Ratings Rationale

The B1 CFR reflects the ACSH's deteriorating legacy wire-line
subscriber base and the competitive challenges within the wireless
segment.  The company's ILEC operations face the typical
subscriber loss characteristics common in the industry, as
wireless substitution erodes the company's customer base.  ACSH
has done well in offsetting this decline through enterprise
business growth, but not without suffering modest margin
compression.  Going forward, Moody's expect this trend to
continue, as wire-line customers abandon traditional telephone
services and rely upon wireless.

Moody's rates the company's Senior Secured Term Loan and Senior
Secured Revolving Credit Facility Ba3, one notch above the B1 CFR
due to the support offered by the company's $125m subordinated
convertible notes.

Within its wireless segment, the company has come under fire from
a well-equipped competitor and seen competitive losses to its
high-value subscriber base.  AT&T, through its acquisition of
Dobson Wireless, entered the Alaska market in late 2007.  ACSH,
with its high-end customer focus, was unable to compete with
AT&T's iPhone despite a quality network and good service
reputation.  Moody's expect the losses to moderate as ACSH
introduces a number of Android based devices that should compete
more effectively against AT&T.  Moody's expects ACSH's wireless
business to stabilize in 2011, returning to net subscriber growth
in 2012.  Moody's expect ARPU to remain strong, as data revenues
continue to grow and offset voice revenue weakness while ETC
revenues continue to push ARPU higher.  ACSH plans to introduce
Alaska's first 4G services with an LTE-based network build in
2011.  This service launch, combined with a better menu of
handsets is expected to result in a return to wireless growth in
2012.  Yet, total company EBITDA is likely to fall as the wireless
turnaround is too slow to offset the wire-line weakness, despite
the wire-line segment's strong enterprise business growth.

Moody's anticipates that leverage will be 5.0x at year-end 2010,
growing slightly thereafter as incremental debt from the revolver
draw (to fund LTE) and slight EBITDA deterioration take effect.
Liquidity could be strained as the company maintains essentially
no cash buffer and continues to pay an aggressive dividend.

The stable rating reflects Moody's expectations that over the
rating horizon, ACSH's operations will leave its credit profile
largely unchanged from that which exists currently and that
liquidity will remain adequate while the company deploys its LTE
network.

The ratings may face downward pressure if ACSH cannot demonstrate
the ability to become FCF positive.  Adverse ratings actions could
also develop if the company is involved in material debt-financed
acquisition activity or in the event of adverse liquidity
developments leading to Debt/EBITDA leverage remaining above 5.5x
or FCF/TD remaining negative on a sustained basis.

While not expected over the rating horizon, upward ratings
pressure may develop if ACSH is able to repay some debt such that
Debt/EBITDA leverage improves towards 4.0x and FCF/TD improves to
5% on a sustainable basis.

Moody's most recent rating action was taken on November 20, 2009,
at which time Moody's affirmed ACSH's B1 CFR and PDR along with
the stable outlook and SGL-3 liquidity rating (indicating adequate
liquidity).

ACSH is a leading integrated communications provider based in
Anchorage, Alaska.  ACSH is the state's incumbent wire-line
operator, owns an extensive IP backbone serving the enterprise
segment with sub-sea cables connecting to the lower 48 States and
also operates an extensive 3G wireless network in the state of
Alaska.


ALLY FINANCIAL: Connecticut AG Wants Foreclosures Halted
--------------------------------------------------------
Bloomberg News reports that Connecticut Attorney General Richard
Blumenthal said his office is investigating defective foreclosure
documents filed by GMAC/Ally Finance Inc. and demanding that the
company freeze foreclosures in the state.

"The GMAC/Ally foreclosure steamroller should be stopped so the
company can be held accountable," Mr. Blumenthal said in a
statement. "My office has already confirmed that some defective
documents were filed in Connecticut."

Mr. Blumenthal's action follows news of investigations by Texas,
Iowa and Illinois into mortgage practices at Ally.

                       About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  With more than
$176 billion in assets as of June 30, 2010, Ally operates as a
bank holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3% stake. Private equity firm Cerberus Capital
Management LP keeps 14.9%, while General Motors Co. owns 6.7%.

The Company has tapped Goldman Sachs Group Inc. and Citigroup Inc.
to advise on a range of issues, including strategic alternatives
for the mortgage business and repayment of taxpayer funds.

Ally Financial carries "C" short term issuer credit ratings, and
"B" long term issuer credit ratings, all with stable outlook, from
Standard & Poor's.  It has a "B3" issuer rating, with stable
outlook, from Moody's.  It has a "B" issuer default rating, with
positive outlook, from Fitch.


ALLY FINANCIAL: Says Foreclosure Practices Not Fraudulent
---------------------------------------------------------
GMAC Mortgage believes there was nothing fraudulent or deceitful
about its foreclosure practices.  If procedural mistakes were made
in the completion of certain legal documents, GMAC Mortgage
reacted proactively to the issue and immediately undertook steps
to remedy the situation.

As previously stated, there have not been any inappropriate
foreclosures.  Typically a foreclosure is not filed until the
borrowers are six to 12 months delinquent, and all other
alternatives to foreclosure have been pursued such as loan
modifications, repayment plans, short sales or deeds in lieu.  The
fact of default and the right to foreclose are not in dispute.

GMAC Mortgage will vigorously defend this lawsuit and expects to
be fully vindicated by the Ohio courts.

                       About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  With more than
$176 billion in assets as of June 30, 2010, Ally operates as a
bank holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3% stake. Private equity firm Cerberus Capital
Management LP keeps 14.9%, while General Motors Co. owns 6.7%.

The Company has tapped Goldman Sachs Group Inc. and Citigroup Inc.
to advise on a range of issues, including strategic alternatives
for the mortgage business and repayment of taxpayer funds.

Ally Financial carries "C" short term issuer credit ratings, and
"B" long term issuer credit ratings, all with stable outlook, from
Standard & Poor's.  It has a "B3" issuer rating, with stable
outlook, from Moody's.  It has a "B" issuer default rating, with
positive outlook, from Fitch.


AMERICAN MORTGAGE: Court Confirms Reorganization Plan
-----------------------------------------------------
BankruptcyData.com reports that the U.S. Bankruptcy Court signed
an order confirming American Mortgage Acceptance's First Amended
Chapter 11 Plan of Reorganization.

Bdata previously reported that under the Plan, the Debtor will
transfer certain assets to Taberna Preferred Funding I in
satisfaction of Taberna's $25 million in claims against the
Debtor.  The old common stock of the Debtor will be cancelled, and
the reorganized Debtor will issue the new common stock to C-III
Capital Partners, in satisfaction of C-III's $93 million in claims
against the Debtor.  Any administrative claims, allowed tax
claims, allowed priority non-tax claims and allowed unsecured
claims other than the claims of C-III and Taberna will be paid in
full under the Plan.  Holders of existing equity interests will
receive no distribution under the Plan, and all equity interests
will be cancelled.  The Debtor will maintain REIT status, and as
soon as practicable after the effective date, the Debtor will
issue new preferred shares to raise capital to fund ongoing
operations.

                       About American Mortgage

American Mortgage Acceptance Co. is a New York-based real estate
investment trust.  It filed for Chapter 11 protection on April 26,
2010 (Bankr. S.D.N.Y. Case No. 10-12196).  Carol A. Felicetta,
Esq., at Reid and Riege, P.C., and Sherri D. Lydell, Esq., and
Teresa Sadutto-Carley, Esq., at Platzer, Swergold, Karlin, Levine
Goldberg & Jaslow, LLP, assist the Company in its restructuring
effort.  The Company scheduled assets totaling $6,366,680 and
debts totaling $119,968,443 as of the Petition Date.


BLOCKBUSTER INC: Initial Case Conference Set for Oct. 19
--------------------------------------------------------
U.S. Bankruptcy Judge Burton Lifland has scheduled an initial case
conference to be conducted in the Chapter 11 cases of Blockbuster
Inc. and its debtor-affiliates on October 19, 2010, at 10:00 a.m.,
at Room 623 of the United States Bankruptcy Court for the Southern
District of New York, in One Bowling Green, New York.

Pursuant to Section 105(d) of the Bankruptcy Code, the Initial
Case Conference will be held to consider the efficient
administration of the Debtors' Chapter 11 cases, which may tackle,
among other things, retention of the Debtors' professionals, use
of alternative dispute resolution, timetables, and scheduling of
additional case management conferences.

The Court has directed the Debtors to give notice of the Initial
Case Conference Order, at least seven days prior to the scheduled
Conference, to:

  -- each committee appointed to serve in the cases pursuant to
     Section 1102 of the Bankruptcy Code, or if no committee has
     been appointed, the holders of the 30 largest unsecured
     claims determined on a consolidated basis;

  -- the holders of the five largest secured claims determined
     on a consolidated basis;

  -- the Office of the United States Trustee;

  -- the attorneys for the lenders under the Debtor-in-
     Possession Revolving Credit Agreement; and

  -- other parties, including indenture trustees.

Judge Lifland also directed the Debtors to promptly file proof of
service of the Notice with the Clerk of the Court.

                       About Blockbuster Inc.

Based in Dallas, Texas, Blockbuster Inc. (Pink Sheets: BLOKA,
BLOKB) -- http://www.blockbuster.com/-- is a global provider of
rental and retail movie and game entertainment.  It has a library
of more than 125,000 movie and game titles.  Blockbuster said it
had assets of $1,017,035,832 and debts of $1,464,939,759 as of
August 1, 2010.

Blockbuster Inc. and 12 U.S. affiliates initiated Chapter 11
bankruptcy proceedings with a pre-arranged reorganization plan
in Manhattan on September 23, 2010 (Bankr. S.D.N.Y. Case No.
10-14997).

Martin A Sosland, Esq., and Stephen Karotkin, Esq., at Weil,
Gotshal & Manges, serve as counsel to the Debtors.  Rothschild
Inc. is the financial advisor.  Alvarez & Marsal is the
restructuring advisor with A&M managing director Jeffery J.
Stegenga as chief restructuring officer.  Kurtzman Carson
Consultants LLC is the claims and notice agent.

A steering group of senior secured noteholders is represented by
James P. Seery, Esq., and Paul S. Caruso, Esq., at Sidley Austin
LLP.  U.S. Bank National Association as trustee and collateral
agent for the senior secured notes is represented by David
McCarty, Esq., and Kyle Mathews, Esq., at Sheppard Mullin Richter
& Hampton LLP.  BDO Consulting is the financial advisor for U.S.
Bank.

Lenders led by Wilmington Trust FSB are providing the DIP
financing.  The DIP Agent is represented by Peter Neckles, Esq.
and Alexandra Margolis, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP, in New York.

Blockbuster's non-U.S. operations and its domestic and
international franchisees, all of which are legally separate
entities, were not included in the filings and are not parties to
the Chapter 11 proceedings.

Bankruptcy Creditors' Service, Inc., publishes BLOCKBUSTER
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Blockbuster Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


BLOCKBUSTER INC: Menter Rudin, et al., Represent Landlords
----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure, Kevin M. Newman, Esq., at Menter, Rudin & Trivelpiece,
P.C., in Syracuse, New York -- knewman@menterlaw.com -- discloses
that his firm represents these landlords in connection with
Blockbuster Inc.'s bankruptcy cases:

    Dicephalous Properties II Company, LLC
    c/o Widewaters Group, Inc.
    Attn: Legal Department
    5786 Widewaters Parkway
    DeWitt, NY 13214

    WW Knightdale Property, LLC
    c/o Widewaters Group, Inc.
    5786 Widewaters Parkway
    DeWitt, NY 13214

    Northwood Plaza, LLC
    c/o Rivercrest Realty Associates, LLC
    8816 Six Forks Road, Suite 201
    Raleigh, NC 27615-2983

    South Boston Properties, LLC
    c/o Rivercrest Realty Associates, LLC
    8816 Six Forks Road, Suite 201
    Raleigh, NC 27615-2983

    Lilac Mall Associates, LLC
    c/o The Kernpner Corporation
    257 Mamaroneck Avenue
    White Plains, NY 10605

    South Plaza Center Associates, LLC
    c/o Wheeler Industries, Inc.
    2529 Virginia Beach Boulevard, Suite 200
    Virginia Beach, VA 23452

The Landlords currently hold or will hold unsecured and secured
prepetition claims, rejection damages claims and administrative
priority claims for unpaid postpetition rent and other charges.
The full amount of each of the Landlords' claims is undetermined
at this time, Mr. Newman says.

In addition, Richard L. Zucker, Esq., at Lasser Hochman, LLC, in
Roseland, New Jersey -- RZucker@LasserHochman.com -- informs the
Court, pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure, that his firm represents these landlords and creditors
in their claims against Blockbuster Inc.'s bankruptcy estates:

    95 Washington, LLC
    c/o Allied Management, Inc.
    19 South Livingston Avenue
    Livingston, New Jersey 07039

    Arlington Associates Parsippany, L.L.C.
    Garden Homes-Commercial
    820 Morris Turnpike
    Short Hills, New Jersey 07078

    Union Hill Nine Associates, L.L.C.
    Garden Homes-Commercial
    820 Morris Turnpike
    Short Hills, New Jersey 07078

95 Washington, et al.'s claims are for unpaid prepetition rent,
additional rent and other charges, unpaid stub rent, additional
rent and other charges from September 23, 2010, to September 30,
2010, and, perhaps, unpaid postpetition rent, additional rent and
other charges from October 1, 2010, Mr. Zucker tells the Court.
He adds that the claims may also involve rejection damages subject
to Section 502(b)(6) of the Bankruptcy Code.

Moreover, James V. Lombardi, III, Esq., at Ross, Banks, May, Cron
& Cavin, P.C., in Houston, Texas -- jlombardi@rossbanks.com --
discloses that his firm represents these landlords in connection
with their claims in the Debtors' bankruptcy cases:

    AmREIT Casa Linda, LP
    8 Greenway Plaza, Suite 1000
    Houston, Texas 77046

    AmREIT, a Texas real estate investment trust
    8 Greenway Plaza, Suite 1000
    Houston, Texas 77046

    AmREIT Olmos Creek, LP
    8 Greenway Plaza, Suite 1000
    Houston, Texas 77046

    AmREIT C-Ranch, LP
    8 Greenway Plaza, Suite 1000
    Houston, Texas 77046

    AmREIT Lantern Lane, LP
    8 Greenway Plaza, Suite 1000
    Houston, Texas 77046

The AmREIT entities currently hold or will hold various claims
with respect to certain non-residential real property leases, Mr.
Lombardi reveals.  He notes that the full amount of each of the
Landlords' claims is undetermined at this time.

                       About Blockbuster Inc.

Based in Dallas, Texas, Blockbuster Inc. (Pink Sheets: BLOKA,
BLOKB) -- http://www.blockbuster.com/-- is a global provider of
rental and retail movie and game entertainment.  It has a library
of more than 125,000 movie and game titles.  Blockbuster said it
had assets of $1,017,035,832 and debts of $1,464,939,759 as of
August 1, 2010.

Blockbuster Inc. and 12 U.S. affiliates initiated Chapter 11
bankruptcy proceedings with a pre-arranged reorganization plan
in Manhattan on September 23, 2010 (Bankr. S.D.N.Y. Case No.
10-14997).

Martin A Sosland, Esq., and Stephen Karotkin, Esq., at Weil,
Gotshal & Manges, serve as counsel to the Debtors.  Rothschild
Inc. is the financial advisor.  Alvarez & Marsal is the
restructuring advisor with A&M managing director Jeffery J.
Stegenga as chief restructuring officer.  Kurtzman Carson
Consultants LLC is the claims and notice agent.

A steering group of senior secured noteholders is represented by
James P. Seery, Esq., and Paul S. Caruso, Esq., at Sidley Austin
LLP.  U.S. Bank National Association as trustee and collateral
agent for the senior secured notes is represented by David
McCarty, Esq., and Kyle Mathews, Esq., at Sheppard Mullin Richter
& Hampton LLP.  BDO Consulting is the financial advisor for U.S.
Bank.

Lenders led by Wilmington Trust FSB are providing the DIP
financing.  The DIP Agent is represented by Peter Neckles, Esq.
and Alexandra Margolis, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP, in New York.

Blockbuster's non-U.S. operations and its domestic and
international franchisees, all of which are legally separate
entities, were not included in the filings and are not parties to
the Chapter 11 proceedings.

Bankruptcy Creditors' Service, Inc., publishes BLOCKBUSTER
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Blockbuster Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


BNA SUBSIDIARIES: Organizational Meeting to Form Panel on Oct. 8
----------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on October 8, 2010, at 10:00 a.m.
in the bankruptcy case of BNA Subsidiaries, LLC.  The meeting will
be held at The DoubleTree Hotel, 700 King Street, 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.

                            About BNA

Bureau of National Affairs is an independent publisher of
information and analysis products for professionals in business
and government.  Petersborough, New Hampshire-based BNA
Subsidiaries, LLC -- aka G-2 Reports, et al. -- was formed on
January 1, 2009, through the merger of Kennedy Information, Inc.,
which was acquired by BNA in 2000, and the Institute of Management
and Administration, Inc. (or IOMA), which was acquired in 1997.

BNA Subsidiaries filed for Chapter 11 bankruptcy protection on
September 23, 2010 (Bankr. D. Del. Case No. 10-13087).  Marion M.
Quirk, Esq., and Norman L. Pernick, Esq., at Cole, Schotz, Meisel,
Forman & Leonard, assist the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $1 million to
$10 million.


BOSTON GENERATING: Fortress, MatlinPatterson Oppose "Quick" Sale
----------------------------------------------------------------
David McLaughlin at Bloomberg News reports that Fortress
Investment Group LLC and other creditors objected to Boston
Generating LLC's effort to proceed with its $1.1 billion sale to
Constellation Energy Group Inc.

MatlinPatterson Global Advisers LLC, which owns second-lien debt,
said the sale process "is nothing more than a fire sale of a
fundamentally healthy company."  It added that the Constellation
bid is "artificially low" and selling the business at this time is
one of the worst times because of "regulatory uncertainty."

Fortress and CarVal Investors LLC said in their objection that
they are prepared to invest "substantial amounts" of new equity
into Boston Generating as well as provide a loan to the company
during its bankruptcy. They say any sale should take place only as
part of a bankruptcy plan, which would require creditor support.

The sale is backed by lenders who hold about half of Boston
Generating's $1.1 billion in first-lien debt, according to court
papers.  The company also has about $773 million in second-lien
and mezzanine debt.

The Debtors intend to sell their business to Constellation
Holdings, Inc., for $1.1 billion, absent higher and better offers
or the assets.  The bid procedures proposed by the Debtors provide
for these milestones:

     -- October 4, 2010, the last date by which potential
        bidders may deliver preliminary bid documents required to
        participate in the auction;

     -- October 25, 2010, at 4:00 p.m., prevailing Eastern Time,
        the deadline for objections to the sale and/or the
        assumption and assignment of assumed contracts or cure
        amounts related thereto;

     -- October 25, 2010, at 5:00 p.m. prevailing Eastern Time,
        the deadline by which all binding bids must be actually
        received pursuant to the bidding procedures;

     -- October 29, 2010, the date of the auction, if one is
        needed; and

     -- November 2, 2010, the date for the sale hearing.

A copy of the APA and proposed bidding procedures is available for
free at http://ResearchArchives.com/t/s?69df

                       About 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 filed for Chapter 11 protection on August 18,
2010 (Bankr. S.D.N.Y. Case No. 10-14419).  Boston Generating
estimated its assets and debts at more than $1 billion as of the
Petition Date.

EBG Holdings LLC; Fore River Development, LLC; Mystic, LLC; Mystic
Development, LLC; BG New England Power Services, Inc.; and BG
Boston Services, LLC, filed separate Chapter 11 petitions.

D. J. Baker, Esq., at Latham & Watkins LLP, serves as bankruptcy
counsel for the Debtors.  JPMorgan 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.

The Official Committee of Unsecured Creditors in the Chapter 11
cases of Boston Generating, LLC, and its debtor-affiliates asks
the U.S. Bankruptcy Court for the Southern District of New York
for permission to employ the law firm of Jager Smith P.C. as its
counsel.


BURGER KING: S&P Retains CreditWatch Negative on 'BB-' Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services said that its 'BB-' corporate
credit rating on Miami-based Burger King Corp., a subsidiary of
Burger King Holdings Inc., remains on CreditWatch with negative
implications.  S&P placed the rating on CreditWatch on Sept. 2,
2010, after an affiliate of 3G Capital Inc. announced that it had
entered into a definitive agreement to purchase the company for
$24.00 per share.

S&P is affirming the 'BB-' issue-level rating on the company's
$2 billion term loan, consisting of a $1.85 billion term loan
and a $150 million revolving credit facility.  The recovery
rating on the debt remains '1'.   S&P is also affirming the senior
unsecured notes rating of 'B-'.  The '5' recovery rating on the
notes remains unchanged.  This action comes after the amounts of
the debt financing changed.  Initially, the size of the term loan
was to be $1.75 billion and the unsecured notes were to be
$900 million.  The total funded debt does not change and thus
leverage ratios are unaffected as a result of the change.  Pro-
forma interest costs decrease by approximately $4 million as a
result of the change, but that does not have a meaningful affect
on interest coverage and cash flow ratios.

"The rating on Burger King reflects S&P's belief that it will be
difficult for the company to grow comparable-store sales in the
U.S. because of both its participation in the highly competitive
quick-service restaurant industry and the likelihood that domestic
unemployment will remained elevated in the near term," explained
Standard & Poor's credit analyst Charles Pinson-Rose.  S&P expects
that the company can improve operating performance through
international restaurant growth and cost management.  S&P also
expects Burger King to use most of its free cash flow generation
to reduce debt, leading to credit metric enhancement.
Nonetheless, S&P expects the company to be highly leveraged in the
near term.


C&D TECHNOLOGIES: NYSE Suspends Trading Effective Oct. 8
--------------------------------------------------------
The NYSE Regulation, Inc., on October 4, 2010, provided C&D
Technologies, Inc., with notice that trading on the New York Stock
Exchange of the Company's common stock would be suspended prior to
the market opening on October 8, 2010.

The New York Stock Exchange in its October 4, 2010 press release
stated, "The decision to suspend the Company's common stock was
reached in view of the fact that the Company has fallen below the
New York Stock Exchange's continued listing standard regarding
average global market capitalization over a consecutive 30 trading
day period of less than $15 million, which is a minimum threshold
for listing."

The New York Stock Exchange press release also stated, "The
Company has a right to a review of this determination by a
Committee of the Board of Directors of NYSE Regulation.
Application to the Securities and Exchange Commission to delist
the issue is pending the completion of applicable procedures,
including any appeal by the Company of the NYSE Regulation staff's
decision."

The Company plans to appeal the determination.

                      About C&D Technologies

Based in Blue Bell, Pennsylvania, C&D Technologies, Inc. (NYSE:
CHP) -- http://www.cdtechno.com/-- engineers, manufactures, sells
and services fully integrated reserve power systems for regulating
and monitoring power flow and providing backup power in the event
of primary power loss until the primary source can be restored.

The Company's balance sheet at July 31, 2010, showed
$239.4 million in assets, $251.1 million in total liabilities, and
a stockholders' deficit of $11.7 million.

The Company says that its cumulative losses, substantial
indebtedness and likely future inability to comply with certain
covenants in the agreements governing its indebtedness, including
among others, covenants related to continued listing on a national
automated stock exchange and future EBITDA requirements, and in
addition, its current current liquidity situation, raise
substantial doubt as to its ability to continue as a going concern
for a period longer than 12 months from July 31, 2010.

On September 14, 2010, the Company entered into a restructuring
support agreement with two convertible noteholders who together
hold approximately 56% of the aggregate principal amount of the
2005 Notes and the 2006 Notes.  The supporting noteholders have
agreed to a proposed restructuring of the 2005 Notes and the 2006
Notes which will be effected through (i) an offer to exchange the
outstanding 2005 Notes and 2006 Notes for up to 95% of the
Company's common stock, or (ii) a prepackaged plan of
reorganization under Chapter 11 of the U.S. Bankruptcy Code.  The
Company has agreed to solicit votes from the Company's
stockholders and the holders of the Notes to accept the
prepackaged plan concurrently with the exchange offer.

The Company also continues to be engaged in active discussions
with lenders under its Credit Facility regarding a restructuring
of its capital structure.


C&D TECHNOLOGIES: To Proceed With Dual-Track Restructuring
----------------------------------------------------------
C&D Technologies, Inc., said it is moving forward on a plan,
announced on September 14, 2010, to launch an out-of-court
exchange offer for its outstanding convertible notes and to
simultaneously seek support for a voluntary prepackaged plan of
reorganization as a back-up alternative.

Based in Blue Bell, Pennsylvania, C&D Technologies, Inc. (NYSE:
CHP) -- http://www.cdtechno.com/-- engineers, manufactures, sells
and services fully integrated reserve power systems for regulating
and monitoring power flow and providing backup power in the event
of primary power loss until the primary source can be restored.

The Company's balance sheet at July 31, 2010, showed
$239.4 million in assets, $251.1 million in total liabilities, and
a stockholders' deficit of $11.7 million.

The Company says that its cumulative losses, substantial
indebtedness and likely future inability to comply with certain
covenants in the agreements governing its indebtedness, including
among others, covenants related to continued listing on a national
automated stock exchange and future EBITDA requirements, and in
addition, its current current liquidity situation, raise
substantial doubt as to its ability to continue as a going concern
for a period longer than 12 months from July 31, 2010.

On September 14, 2010, the Company entered into a restructuring
support agreement with two convertible noteholders who together
hold approximately 56% of the aggregate principal amount of the
2005 Notes and the 2006 Notes.  The supporting noteholders have
agreed to a proposed restructuring of the 2005 Notes and the 2006
Notes which will be effected through (i) an offer to exchange the
outstanding 2005 Notes and 2006 Notes for up to 95% of the
Company's common stock, or (ii) a prepackaged plan of
reorganization under Chapter 11 of the U.S. Bankruptcy Code.  The
Company has agreed to solicit votes from the Company's
stockholders and the holders of the Notes to accept the
prepackaged plan concurrently with the exchange offer.

The Company also continues to be engaged in active discussions
with lenders under its Credit Facility regarding a restructuring
of its capital structure.


CB RICHARD: Moody's Assigns 'Ba1' Rating on $350 Mil. Notes
-----------------------------------------------------------
Moody's Investors Service assigned a (P)Ba1 rating to CB Richard
Ellis' proposed $350 million senior unsecured debt issuance and a
(P)Ba1 to the company's proposed $1.35 billion senior bank credit
facility and, simultaneously, placed the senior subordinated
rating (at Ba3) on review for upgrade.  The new senior unsecured
notes will have a maturity of 10 years, will rank pari passu with
other unsecured debt and will be guaranteed by most of the
company's wholly-owned domestic subsidiaries on an unsecured
basis.  The senior bank credit facility will replace the existing
$2 billion bank facility (senior debt at Ba2).  The ratings
outlook was revised to stable from negative.

On Review for Upgrade:

Issuer: CB Richard Ellis Services, Inc.

  -- Senior Subordinated Regular Bond/Debenture, Ba3

Assignments:

Issuer: CB Richard Ellis Services, Inc.

  -- Senior Secured Bank Credit Facility (Revolver), Assigned
     (P)Ba1

  -- Senior Secured Bank Credit Facility (Term Loans), Assigned
     (P)Ba1

  -- Senior Unsecured Regular Bond/Debenture, Assigned (P)Ba1

Outlook Actions:

Issuer: CB Richard Ellis Services, Inc.

  -- Outlook, Changed To Stable From Negative

                        Ratings Rationale

The review for upgrade and newly assigned ratings reflect the
substantive deleveraging that will result from CBRE's recently
announced new $1.35 billion secured credit facility and
$350 million proposed unsecured note offering.  The proceeds of
the new issues, in conjunction with cash on balance sheet, will be
used to repay all existing term and revolver debt.  This results
in marked improvement in the company's credit metrics, with
debt/EBITDA declining to 3.53x as of 6/30/10 on a TTM pro-forma
basis from 4.71x.  In addition, the company's debt maturity
profile will be extended resulting in a simpler, more flexible
capital structure.  The ratings also take into consideration
stabilization and improvement in all of CBRE's global markets, and
in particular transaction activity in the Americas, which
contributed 62% of 2Q10 revenues.

The (P)Ba1 senior unsecured ratings reflect CBRE's dominant
position in the commercial real estate services industry and
strong global platform, with a diversified revenue base.  The
ratings also account for the cash flow volatility inherent in its
transaction businesses and its appetite for on-going balance sheet
leverage.

The stable outlook reflects Moody's expectation that operating
performance and cash flow leverage will improve with the recovery
in the commercial property market fundamentals.  Moody's expects
Debt to EBITDA to reach approximately 3.0X by YE10 and to be
maintained between 2.0X and 3.0X over the intermediate term; fixed
charge coverage is expected to exceed 3.0X by YE10.

A rating upgrade would be predicated upon a permanent reduction in
leverage as defined by Debt/EBITDA below 2X (accounting for CBRE's
proportionate share of notes payable), fixed charge coverage
sustained above 4.5X and broader global diversification.  A
downgrade would result should Debt/EBITDA increase to greater than
3X and fixed charge coverage decline to below 3X, both on a
sustained basis.  Erosion in market leadership or a large
leveraged acquisition could also result in a downgrade.

Moody's last rating action with respect to CB Richard Ellis was on
June 10, 2009 when Moody's affirmed the senior secured bank credit
facility at Ba2 and assigned a Ba3 rating to its senior
subordinated debt.  The rating outlook was negative.

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

CB Richard Ellis Group, Inc., a direct parent of CB Richard Ellis
Services, Inc., is the largest global provider of commercial real
estate services in terms of revenue.  Services it provides include
property sales/leasing brokerage, property management, corporate
services and facilities management, capital markets advice and
execution, appraisal/valuation services, research and consulting.
CB Richard Ellis is headquartered in Los Angeles, California, USA,
and has approximately 29,000 employees and over 300 offices across
more than 50 countries.


CB RICHARD: S&P Affirms Counterparty Credit Rating at 'BB'
----------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'BB'
long-term counterparty credit rating on CB Richard Ellis Services
Inc. and changed its outlook to stable from negative.  At the
same time, S&P assigned a 'BB' debt rating and a recovery rating
of '3'to CBRE's announced $1.35 billion credit facility.  The
recovery rating reflects S&P's expectation that lenders would
realize a meaningful (50%-70%) recovery of principal in the event
of a payment default.  S&P also assigned a 'B+' senior unsecured
debt rating and a recovery rating of '6'to CBRE's announced
$350 million in senior unsecured notes.  The recovery rating
reflects S&P's expectation that lenders would realize negligible
(0%-10%) recovery of principal in the event of a payment default.

"The stable outlook reflects S&P's expectation that CBRE's
financial performance will benefit from gradually improving
economic conditions, cost saving initiatives, and the reduced
leverage that will accompany its proposed refinancing
transaction," said Standard & Poor's credit analyst Rian Pressman,
CFA.

By virtue of its industry-leading franchise in CRE services, S&P
believes that CBRE will benefit as gradually improving economic
conditions drive increased CRE market activity.  CBRE's earnings
improved materially during the first half of 2010, driven by year-
over-year gains in sales, leasing, and outsourcing services.  S&P
expects this trend to continue, especially in the fourth quarter,
which typically benefits from seasonally higher sales and leasing
volume.  The global nature of its franchise allows the company to
benefit from the more-rapid economic recovery in certain parts of
the world.  Lastly, CBRE's profitability should benefit from
positive operating leverage, given $600 million of cost-saving
initiatives implemented during the past few years.

CBRE's proposed refinancing transaction also supports the stable
outlook, as it will reduce outstanding debt and extend debt
maturities.  As part of its proposed transaction, S&P expects CBRE
to reduce outstanding recourse debt by about $500 million to
$1.4 billion, pro-forma as of June 30, 2010.  (Total debt is also
adjusted for the $150 million repayment of existing secured debt
on July 1, 2010.)  S&P expects the anticipated reduction in
recourse indebtedness, along with gradually increasing levels of
adjusted EBITDA, to improve CBRE's leverage and debt-service
ratios, which heretofore had been relatively weak for the rating.
The proposed transaction will also materially extend debt
maturities, thereby reducing refinancing risk.  The $350 million
of unsecured notes will be due in 2020.  S&P believes this time
frame allows for a recovery of the CRE markets, while enabling
CBRE to lock in economically attractive financing.

The stable outlook reflects CBRE's market-leading franchise in CRE
services and S&P's expectation that its financial profile will be
strengthened by the refinancing transaction and gradually
improving economy.  Continued improvement in leverage and debt-
service ratios could result in positive ratings action.  The
company's historically aggressive financial management, the
cyclical nature of CRE sales and leasing activity, and the lack of
tangible equity -- which S&P believes is important to support
CBRE's direct real estate investment businesses -- limit upward
rating movement.


CENTAUR LLC: Multiple Bids Received for Valley View Downs Project
-----------------------------------------------------------------
Mary Grzebieniak, writing for The Vindicator, reports that
multiple bids have been received for the Valley View Downs
project.  The Vindicator relates that Lawrence County Commissioner
Dan Vogler said Tuesday that commissioners "are all very pleased
with the news" and noted that the fact that several bids were
received means "there is still life in the project."

An auction has been slated before the U.S. Bankruptcy Court for
the District of Delaware on Oct. 20.

According to the Vindicator, Mr. Vogler made the announcement at
the end of Tuesday's regular commissioners meeting.  He said
Valley View Downs' general manager of gaming, Joe DeRosa,
contacted the commissioners' office earlier Tuesday and informed
them that bids had been received, though Mr. Vogler said the
number of bids and bidders' names were not released.

Valley View Downs filed for Chapter 11 bankruptcy protection in
October 2009, followed in March, 2010, by its parent company,
Centaur LLC of Indianapolis and two other Centaur subsidiaries.

                       About Centaur, LLC

Indianapolis, Indiana-based, Centaur, LLC, aka Centaur Indiana,
LLC -- http://www.centaurgaming.net/-- is a company involved in
the development and operation of entertainment venues focused on
horse racing and gaming.

The Company filed for Chapter 11 bankruptcy protection on March 6,
2010 (Bankr. D. Del. Case No. 10-10799).  Jeffrey M. Schlerf,
Esq., at Fox Rothschild LLP, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $500 million to $1 billion as of the Petition Date.


CHINA TEL GROUP: Posts $29 Million Net Loss in June 30 Quarter
--------------------------------------------------------------
China Tel Group, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $29.0 million on $236,584 of revenue for
the three months ended June 30, 2010, compared with a net loss of
$10.4 million on $199,238 of revenue for the comparable period in
2009.

The Company has incurred cumulative losses since inception (April
4, 2008) of $201.6 million.  In addition, the Company has negative
working capital of $25.6 million as of June 30, 2010, and a
stockholder's deficit of $17.3 million.

Historically, the Company has financed its operations through the
sale of equity and convertible debt, as well as borrowings from
related parties.  As of June 30, 2010, the Company had cash of
$138,495 and current liabilities of approximately $26.2 million.
The Company expects to continue to incur net losses for the
foreseeable future.

The Company's balance sheet at June 30, 2010, showed $8.9 million
in total assets, $26.2 million in total liabilities, and a
stockholders' deficit of $17.3 million.

Mendoza Berger & Company, LLP, in Irvine, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern, following the Company's 2009 results.  The
independent auditors noted that the Company has incurred a net
loss of $56.0 million for 2009, cumulative losses of
$165.4 million since inception, a negative working capital of
$68.8 million and a stockholders' deficit of $63.2 million, and
that the Company's viability is dependent upon its ability to
obtain future financing and the success of its future operations.

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

               http://researcharchives.com/t/s?6c23

                         About China Tel

Based in San Diego, California, and Shenzhen, China, China Tel
Group, Inc. (OTC BB: CHTL) -- http://www.ChinaTelGroup.com/--
provides high speed wireless broadband and telecommunications
infrastructure engineering and construction services.  Through its
controlled subsidiaries, the Company provides fixed telephony,
conventional long distance, high-speed wireless broadband and
telecommunications infrastructure engineering and construction
services.  ChinaTel is presently building, operating and deploying
networks in Asia and South America: a 3.5GHz wireless broadband
system in 29 cities across the People's Republic of China with and
for CECT-Chinacomm Communications Co., Ltd., a PRC company that
holds a license to build the high speed wireless broadband system;
and a 2.5GHz wireless broadband system in cities across Peru with
and for Perusat, S.A., a Peruvian company that holds a license to
build high speed wireless broadband systems.


CHESTER LYN: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: Chester A. Lyn
               Brenda A. Lyn
               129 Cornwelll Drive
               Bear, DE 19701

Bankruptcy Case No.: 10-13214

Chapter 11 Petition Date: October 4, 2010

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

Debtors' Counsel: Christopher Dean Loizides, Esq.
                  LOIZIDES & ASSOCIATES
                  1225 King Street, Suite 800
                  Wilmington, DE 19801
                  Tel: (302) 654-0248
                  Fax: (302) 654-0728
                  E-mail: loizides@loizides.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/deb10-13214.pdf

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
JB & CAL Inc.                         10-13215            10/04/10
JBC Properties                        13216               10/04/10


CHINA VILLAGE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: China Village, LLC
        428 South Main Street
        Milpitas, CA 95035

Bankruptcy Case No.: 10-60373

Chapter 11 Petition Date: October 4, 2010

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

Judge: Arthur S. Weissbrodt

Debtor's Counsel: Lawrence A. Jacobson, Esq.
                  LAW OFFICES OF COHEN AND JACOBSON
                  900 Veterans Boulevard, #600
                  Redwood City, CA 94063
                  Tel: (650) 261-6280
                  E-mail: laj@jacobsonattorneys.com

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

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

The petition was signed by Thomas Nguyen, member.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Fresh & Natural, Inc.              --                     $600,000
426 South Main Street
Milpitas, CA 95035

BSB Design                         --                     $148,304
1601 West Lake Parkway, Suite 200
Des Moines, IA 50266

Interface Engineering, Inc.        --                     $103,783
708 SW Third Avenue, Suite 400
Portland, OR 97204

Dennis Brown                       --                      $61,912

Kobza & Associates                 --                      $49,859

Berliner Cohen                     --                      $34,928

Professional Services Industries   --                      $27,297

RTKL                               --                      $27,000

Sandis                             --                      $25,440

Gates & Associates                 --                      $17,734

Kleinfelder                        --                      $14,189

City of Fremont                    --                      $12,893

Do, Le & Co                        --                      $10,000

Republic ITS                       --                       $9,275

Twinwood                           --                       $8,893

Acanthus Architecture & Design     --                       $7,320

Structural Engineers, Inc.         --                       $5,000

Statewide Roofing                  --                       $4,106

Last & Faoro                       --                       $3,776

Foley Electric                     --                       $3,326


CIT GROUP: To Redeem Additional $860 Million in Series B Notes
--------------------------------------------------------------
CIT Group Inc. will redeem all of its outstanding 10.25% Series B
Second Lien Notes maturing in 2015 and 2016.  The Company has
provided a redemption notice to the trustee and intends to
complete the redemption on November 4, 2010.

"We will continue to proactively improve our cost of capital
through repayment or refinancing with lower cost funding as we
revitalize the CIT franchise and deepen our support of our
clients."

The aggregate principal amount of the 10.25% Series B Notes to be
redeemed is approximately $860 million.  As provided under the
terms of the Series B Notes, the redemption price will be 103.5%
of the aggregate principal amount redeemed.  After this
redemption, approximately $750 million of Series B Notes maturing
in 2017 will remain outstanding.

"Improving our cost of funds by reducing our existing high cost
debt facilitates our critically important role as a provider of
essential financing to small business and middle market
companies," said John A. Thain, Chairman and Chief Executive
Officer. "We will continue to proactively improve our cost of
capital through repayment or refinancing with lower cost funding
as we revitalize the CIT franchise and deepen our support of our
clients."

Last month, the Company provided a redemption notice to the
trustee to redeem all of its outstanding 10.25% Series B Second
Lien Notes maturing in 2013 and 2014. Combined with the 2015 and
2016 maturities, the Company has now announced the redemption of
approximately $1.4 billion of Series B Second Lien Notes in total.
Earlier this year, the Company also repaid $4.5 billion, or 60%,
of its First Lien debt and successfully refinanced the balance at
a lower cost and with more flexible terms.

                          About CIT Group

Founded in 1908, CIT Group Inc. (NYSE: CIT) -- http://www.cit.com/
-- is a bank holding company with more than $40 billion in finance
and leasing assets.  It provides financing and leasing capital to
its more than one million small business and middle market clients
and their customers across more than 30 industries. CIT maintains
leadership positions in small business and middle market lending,
factoring, retail finance, aerospace, equipment and rail leasing,
and global vendor finance.

                             About CIT

Founded in 1908, CIT Group (NYSE: CIT) -- http://www.cit.com/--
is a bank holding company with more than $40 billion in finance
and leasing assets. It provides financing and leasing capital to
its more than one million small business and middle market clients
and their customers across more than 30 industries. CIT maintains
leadership positions in small business and middle market lending,
factoring, retail finance, aerospace, equipment and rail leasing,
and global vendor finance.

CIT Group Inc. and affiliate CIT Group Funding Company of Delaware
LLC announced a Chapter 11 filing on November 1, 2009 (Bankr.
S.D.N.Y. Case No. 09-16565).  Evercore Partners, Morgan Stanley
and FTI Consulting served as the Company's financial advisors and
Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel
in connection with the restructuring plan.  Sullivan & Cromwell
served as legal advisor to CIT's Board of Directors.

CIT Group on November 1 announced that, with the overwhelming
support of its debtholders, the Board of Directors voted to
proceed with the prepackaged plan of reorganization for CIT Group
Inc. and a subsidiary that will restructure the Company's debt and
streamline its capital structure.  None of CIT's operating
subsidiaries, including CIT Bank, a Utah state bank, were included
in the filings.

On December 8, the Court confirmed the Debtors' prepackaged plan.
On December 11, CIT emerged from bankruptcy.

                          *     *    *

As reported by the Troubled Company Reporter on May 25, 2010, DBRS
has assigned various ratings including an Issuer Rating of B
(high) to CIT Group Inc.  Concurrently, DBRS has assigned a BB
(high) rating to CIT's First Lien Secured Credit Facility, a BB
(low) rating to the second lien Series B Notes, a B (high) rating
to the Series A Notes, a B rating to the Unsecured Long-Term Debt
and a Short-Term rating of R-4.  The trend on all long-term
ratings is Positive.

The TCR on August 4, 2010, reported that DBRS affirmed those
ratings.  DBRS expects CIT should continue to make progress in
improving and diversifying its funding profile, while restoring
underlying profitability.

On May 25, the TCR also reported that Moody's Investors Service
assigned a B3 corporate family rating to CIT Group Inc.  The TCR
said May 3, 2010, Standard & Poor's Ratings Services assigned its
'B+/B' counterparty credit rating to CIT.


CMB III: Union Fidelity Tries to Block Cash Collateral Use
----------------------------------------------------------
Union Fidelity Life Insurance Company has asked the U.S.
Bankruptcy Court for the District of Arizona to not allow C.M.B.
III, L.L.C., to use cash collateral.  The Debtor hasn't sought
court approval on cash collateral use.

Union Fidelity asserts that it is entitled to an super-priority
administrative claim, replacement liens, adequate protection
payments, and/or sanctions.

In September 2006, Union Fidelity made a loan to the Debtor
evidenced by, among other things, the Promissory Note dated
September 7, 2006, in the original principal amount of $18,000,000
executed by the Debtor in favor of Union Fidelity.  As of
August 31, 2010, the outstanding amounts owing from the Debtor to
Union Fidelity were at least $17,033,009.78.

Union Fidelity says that it holds a valid and perfected first
priority lien and security interest in the Debtor's assets,
including cash collateral and rents generated from the Debtor's
single asset real estate.  Union Fidelity's cash collateral is
being segregated and sequestered in a separate bank account
pending further proceedings before the Court.

Union Fidelity wants an accounting of all cash collateral in the
possession of the Debtor as of the Petition Date, and all proceeds
of any collateral obtained postpetition.

Union Fidelity says that prepetition, the Debtor failed to remit
any rents to Union Fidelity collected during July, August, or
September 2010.  To obtain control of the rents and to ensure
proper collection and turnover of rents going forward, on
September 14, 2010, Union Fidelity filed a complaint for
appointment of a receiver ex parte in Maricopa County Superior
Court to enforce its rights and remedies. The Superior Court set a
hearing on the Receivership Complaint on September 24, 2010, but
on September 23, 2010, the Debtor already filed for bankruptcy
protection.

Union Fidelity is represented by Quarles & Brady LLP.

Phoenix, Arizona-based C.M.B. III, L.L.C., filed for Chapter 11
bankruptcy protection (Bankr. D. Ariz. Case No. 10-30496) on
September 23, 2010.  Richard M. Lorenzen, Esq., Perkins Coie Brown
& Bain P.A., assists the Debtor in its restructuring effort.  The
Debtor estimated its assets and debts at $10 million to $50
million as of the Chapter 11 filing.


COLONIAL BANCGROUP: Top Hat Plan Assets Property of the Estate
--------------------------------------------------------------
WestLaw reports that a deferred compensation plan that a Chapter
11 debtor had established for the benefit of its key executives,
in order to provide such executives with an opportunity to defer
taxation on a portion of their earnings, qualified as an
"unfunded," "top hat plan," any contributions to which were
included in the "property of the estate" and subject to the claims
of the debtor's creditors.  The plan specified that participants
would have "no legal or equitable rights, interest, or claims in
any property or assets of the company," but would merely have a
right to file claims under plan for the payment of benefits.  It
also provided that the debtor's obligation under the plan would be
"an unfunded and unsecured promise" to pay money in the future.
Language in the plan to the effect that all amounts contributed by
participating employees would be "100% vested at all times" did
not create an ambiguity.  Employees could have "vested" rights in
an "unfunded" plan in that their right to file a claim for
benefits was not subject to forfeiture.  In re The Colonial
Bancgroup, Inc., --- B.R. ----, 2010 WL 2595289, slip op.
https://ecf.almb.uscourts.gov/docpub/01606561715 (Bankr. M.D.
Ala.) (Williams, J.).

                 About The Colonial BancGroup

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

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


CPJFK, LLC: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: CPJFK, LLC
        250 Pharr Road, Suite 2109
        Atlanta, GA 30305

Bankruptcy Case No.: 10-89928

Chapter 11 Petition Date: October 4, 2010

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

Debtor's Counsel: John A. Moore, Esq.
                  THE MOORE LAW GROUP, LLC
                  1745 Martin Luther King Jr. Drive
                  Atlanta, GA 30314
                  Tel: (678) 288-5600
                  Fax: (888) 553-0071
                  E-mail: jmoore@moorelawllc.com

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

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

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

The petition was signed by Sunil Mir, manager.


DAVIS HERITAGE: Section 341(a) Meeting Scheduled for Nov. 3
-----------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of Davis
Heritage GP Holdings, LLC's creditors on November 3, 2010, at
1:30 p.m.  The meeting will be held at Jury Assembly Room, U.S.
Courthouse, 401 S.E. First Avenue, Gainesville, FL.

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.

Newberry, Florida-based Davis Heritage GP Holdings, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. N.D. Fla. Case No. 10-
10515) on September 26, 2010.  Justin M. Luna, Esq., at Latham,
Shuker, Eden & Beaudine, LLP, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets and debts
at $10 million to $50 million as of the Petition Date.


DAVITA INC: Fitch Assigns 'BB' Rating on $3 Bil. Senior Loan
------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to Davita Inc.'s proposed
$3 billion senior secured bank credit facility and a 'BB-' rating
to its proposed $1.45 billion senior unsecured notes.  In
addition, Fitch has affirmed DaVita's existing ratings:

  -- Issuer Default Rating at 'BB-';
  -- Senior secured bank credit facility at 'BB+';
  -- Senior unsecured notes at 'BB-';
  -- Senior subordinated notes at 'B'.

The Rating Outlook is Stable.  The ratings apply to approximately
$3.38 billion of debt outstanding as of June 30, 2010.  Fitch
expects to withdraw Davita's existing debt issue ratings upon the
closing of the proposed senior secured bank credit facility and
the Nov. 1, 2010 expiration of the company's pending tender offers
for its outstanding senior unsecured notes and senior subordinated
notes, assuming that the tender offers result in an immaterial
amount of the existing notes remaining outstanding.

Fitch expects that Davita will use the proceeds of the proposed
senior secured bank credit facility and proposed senior unsecured
notes to retire the existing bank facility, as well as fund the
tender offers for the existing notes and for other purposes
including acquisitions and share repurchases.

DaVita's 'BB-' IDR and Stable Outlook reflect these key rating
drivers:

  -- The near-term potential for margin compression from
     governmental reimbursement pressure, especially related to
     the switch to the new Medicare end-stage renal disease
     bundled prospective payment system to take effect Jan. 1,
     2011;

  -- The historically acquisitive nature of the company's
     operations and management's willingness to increase debt
     leverage;

  -- DaVita's adequate liquidity position, good financial
     flexibility, and ability to consistently generate meaningful
     free cash flow;

  -- Long-term growth potential that is largely unaffected by
     healthcare reform.

Near-Term Potential for Margin Pressure, New Bundling Rule:

On July 23, 2010, The Centers for Medicaid and Medicare Services
issued its final rule outlining the terms of its new bundled
Medicare ESRD PPS.  The bundled PPS will take effect Jan. 1, 2011.
Most significantly, the new bundling rule brings injectable drugs,
including erythropoietin stimulating agents, into the bundle.
Medicare currently reimburses ESRD treatment providers for these
drugs on a per unit basis, outside of the bundle.  Fitch notes
that ESAs account for approximately 60% of separately billable
services and 25% of the total payment for ESRD services.

Top-line and margin pressure from the new bundling system is
probable for dialysis providers, as CMS estimates that the 2011
base rate per dialysis treatment will reimburse large dialysis
organizations at a level 3.7% lower than that at which the current
ESRD reimbursement system would have in 2011.  Fitch believes that
DaVita can effectively mitigate this revenue pressure by using its
large scale and low operating leverage to manage costs and to
negotiate pricing for the products and services it uses, thereby
increasing profitability within the bundle.

Historically Acquisitive Operations:

The company has been operating in a relatively conservative manner
over the past 12-18 months as a result of several factors,
including some uncertainty surrounding the industry's operating
and financial outlook due to healthcare reform and the pending
switch to bundled Medicare reimbursement for ESRD.  Although
DaVita has historically been highly acquisitive, this uncertainty,
combined with recently high asset valuations of potential targets,
has somewhat curtailed M&A activity.

Since the end of 2009, debt leverage had recently been trending
below the company's stated target level of debt-to-EBITDA net of
cash on hand of 3.0 times to 3.5x (for the latest 12 months ended
June 30, 2010, Fitch calculated net debt-to-EBITDA of 2.3x and
gross debt-to-EBITDA of 2.7x) and Fitch expected the company's
leverage to increase to within its target range in the near term.
In general, Fitch anticipates DaVita will manage its capital
structure slightly more aggressively now that there is incremental
clarity with respect to the impacts of healthcare reform and
Medicare ESRD reimbursement.  Pro forma for the pending
refinancing, the capital structure will be upsized by about
$1 billion, and Fitch anticipates a Dec. 31, 2010 debt balance of
$4.2 billion.  Pro forma gross leverage based Fitch's projected
Dec. 31, 2010 EBITDA level is 2.2x through the secured bank debt,
and 3.3x through the unsecured notes.  While Fitch did not
anticipate that the company would have difficulty accessing the
capital markets for refinancing of its 2011-2012 bank debt
maturities, the action to address near-term debt maturities does
removes some risk from Davita's otherwise solid liquidity profile.
Fitch expects that DaVita will deploy cash raised through upsizing
the capital structure to fund acquisitions and share repurchases.

Consistent FCF, Solid Liquidity, and Good Financial Flexibility:

Free cash flow for the LTM period ending June 30, 2010, was
approximately $642 million, significantly higher than the
$392 million for the year ended Dec. 31, 2009.  Increased FCF has
been supported almost entirely by positive working capital trends,
including an impact on cash flow of $142 million from working
capital in the second quarter of 2010 alone.  Fitch expects DaVita
to generate between $300 million and $400 million in FCF for the
year ending Dec. 31, 2010.  Liquidity at June 30, 2010, comprised
$597 million in cash, cash equivalents, and short-term investments
as well as $198 million of availability under the company's
$250 million secured revolving credit facility (net of
approximately $52 million of outstanding letters of credit).

DaVita has good financial flexibility as a result of relatively
low fixed costs (approximately 35% of total) and a high percentage
of total capital expenditures that are discretionary.  Margin
compression from government reimbursement pressure has been
mitigated by sales growth and fairly good SG&A control, resulting
in relatively dependable cash flow generation.

Long-Term Growth Potential Largely Unaffected by Healthcare
Reform:

Unlike much of the rest of the healthcare industry, which is
likely to see increased volumes and utilization, long-term growth
potential for DaVita and its peers will be largely unaffected by
healthcare reform, since Medicare already covers most Americans
who require ESRD treatment.  Nevertheless, Fitch expects 3% to
3.5% annual patient growth in the ESRD market, driven by an aging
patient population and lifestyle trends that increase the
incidence of diabetes and hypertension, which are two leading
causes of ESRD.  Additionally, DaVita's advancements in dialysis
techniques, technology, and supportive therapies could extend the
lives of existing patients, further adding to the growth rate of
this patient population.  New technologies and supportive
therapies could provide additional opportunities for revenue
growth as well.

Guidelines for Further Rating Actions:

As reflected in the Stable Outlook, Fitch believes movement in the
ratings is unlikely based on its near- to medium-term operating
outlook for DaVita.  However, a downgrade of the ratings could be
precipitated by gross debt-to-EBITDA sustained above 4.0x, which
would probably be the result of poor EBITDA trends due to a
pressured operating profile.  In general, Fitch expects DaVita's
financial results to be somewhat volatile in 2011 as the industry
shifts to reimbursement under the Medicare bundle.  However, it
expects DaVita will be able to mostly offset pressure on top-line
revenues and maintain its profitability on the basis of cost
savings under the bundle.  Other potential operating strain could
come from increased pressure on relatively higher margin
commercial insurer reimbursement rates exacerbated by negative
patient mix shift to lower margin government payors.

At June 30, 2010, DaVita had approximately $3.38 billion in
outstanding debt, consisting of approximately $1.8 billion in term
loans under its senior secured credit facility and $1.55 billion
of senior and senior subordinated notes.  Debt maturities are:

Senior secured credit facility:

  -- $43.8 million due for the remainder of 2010;
  -- $65.6 million due in 2011;
  -- $1.7 billion due in 2012.

Senior unsecured notes:

  -- $700 million due 2013.

Senior subordinated notes:

  -- $850 million due 2015.


DIVERSIFIED LENDING: Owner Arrested for $220MM Ponzi Scheme
-----------------------------------------------------------
Bloomberg News reports that California businessman Bruce Fred
Friedman, 60, has been arrested in France in connection with a
$225 million Ponzi scheme.  According to prosecutors in Los
Angeles, Mr. Friedman, the owner of Sherman Oaks, California-based
Diversified Lending Group Inc., offered investors secured notes
promising annual returns of 9% or 12% and told them the company
bought, rehabilitated and rented out real estate properties.  He
used the investors' funds for other business ventures, including
those of family members, and a charitable foundation.  Mr.
Friedman's victims lost an estimated $191 million.  The charges
against Mr. Friedman include money laundering and fraud.


DJO FINANCE: Moody's Assigns 'Caa1' Rating on $300 Mil. Notes
-------------------------------------------------------------
Moody's Investors Service assigned a Caa1 (LGD6, 93%) rating to
DJO Finance LLC's proposed offering of $300 million of senior
subordinated notes due 2017.  Proceeds are expected to repay the
existing $200 million subordinated notes and approximately
$77 million of the proceeds will be used to repay a portion of its
existing term loan debt.  Upon the repayment of the term debt,
Moody's will upgrade the ratings on the company's existing bank
facilities to Ba2 (LGD2, 21%) from Ba3 (LGD2, 24%).  Moody's also
affirmed the other ratings of DJO, including the B2 Corporate
Family and Probability of Default Ratings.  The ratings outlook is
stable.

                        Ratings Rationale

The proposed refinancing will extend out the maturity on the
company's subordinated debt, reduce its interest obligations and
supports its liquidity by providing some cushion under its net
senior secured leverage covenant in the bank's credit agreement.
The transaction increases the amount of junior subordinated debt
though does not result in an increase in total debt.  The relative
increase in junior debt in the capital structure resulted in the
upgrade to the senior secured credit facilities.

DJO's B2 Corporate Family Rating continues to reflect the
company's considerable financial leverage, limited interest
expense coverage and modest free cash flow generation.  Credit
metrics have not improved significantly over the past nine months
and margins have deteriorated slightly, mostly due to a change in
the company's sales mix.  However, the ratings also capture DJO's
ongoing cost savings and organic improvement in revenue growth.

The stable rating outlook reflects Moody's expectation that
achieved cost savings and an improving economic environment will
help support stable profitability and moderate cash flow
generation in future periods.  Growing use of braces and supports
for non-urgent care also serves to mitigate some of the risk to a
continuing weak economic environment.

Moody's could consider downgrading the rating if the company is
not able to meaningfully delever through improvements in operating
performance or free cash flow.  Additionally, while Moody's
acknowledges the expected improvement in levels of compliance with
the required financial covenant, negative rating pressure could be
considered if headroom under the covenant was tighter than Moody's
currently expect or if compliance with the financial covenant step
downs were less certain.

Given the weak financial metrics, Moody's does not foresee an
upgrade of the ratings in the near term.  However, if the company
is able to generate positive free cash flow and demonstrate a
sustained ability to repay debt with cash from operations, Moody's
could consider changing the outlook to positive.  Moody's could
consider a change in the outlook to positive or a ratings upgrade
if adjusted debt to EBITDA was expected to decline below 5.5 times
or free cash flow to debt increased above 8% on a sustained basis,
which would be more consistent with the upper end of the single B
rating category under the Global Medical Products and Device
Rating Methodology.

Following is a summary of Moody's rating actions.

DJO Finance, LLC:

Ratings assigned:

  -- $300 million senior subordinated notes due 2017, Caa1 (LGD6,
     93%)

Ratings upgraded:

  -- $100 million senior secured revolving credit facility due
     2013, to Ba2 (LGD2, 21%) from Ba3 (LGD2, 24%);

  -- $928 million senior secured term loan due 2014, to Ba2 (LGD2,
     21%) from Ba3 (LGD2, 24%);

Ratings affirmed/LGD assessments revised:

  -- Corporate Family Rating at B2

  -- Probability of Default Rating at B2

  -- Speculative Grade Liquidity Rating at SGL-3

  -- $680 million senior unsecured notes due 2014, at B3 (LGD5,
     70%) from B3 (LGD5, 75%);

Ratings to be withdrawn upon completion of the proposed
transaction:

  -- $200 million senior subordinated notes due 2014, at Caa1
     (LGD6, 94%);

Moody's last rating action was on January 14, 2010, when Moody's
assigned a B3 to the company's senior notes offering, upgraded the
existing senior notes and affirmed the other ratings of the
company.

DJO, through its subsidiaries, is a provider of orthopedic devices
used in rehabilitation, pain management and physical therapy.  The
company also develops, manufactures and distributes a broad range
of reconstructive joint implant products.  The company recognized
approximately $976 million of revenue for the twelve months ended
July 3, 2010.


DJO INC: S&P Assigns 'CCC+' Rating on $300 Mil. Senior Notes
------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its
'CCC+' subordinated rating to Vista, Calif.-based DJO Inc.'s
proposed $300 million senior subordinated notes maturing 2017.  At
the same time, S&P assigned its '6' recovery rating to the notes,
indicating its expectation for negligible (0%-10%) recovery in the
event of a default.

The notes will be issued by DJO Finance LLC and DJO Finance Corp.
The company intends to use the proceeds to tender its existing
$200 million 11.75% senior subordinated notes due 2014, fund
transaction expenses, and repay a portion of the term loan
outstanding under its existing senior secured credit facilities.
The issuance of these notes will leave the company's total debt
outstanding nearly unchanged, push out the maturity of its
subordinated debt, and provide enhanced flexibility with respect
to its senior secured leverage covenants.

All other ratings on the company, including the 'B' corporate
credit rating, remain unchanged and the outlook remains stable.

The ratings on DJO overwhelmingly reflect the company's large debt
burden and associated interest expense as a result of the merger
between DJO and ReAble Therapeutics, Inc. in November 2007.  To a
lesser degree, the ratings also reflect the tempering impact of
the still-weak global economy on the company's volumes and the
potential for increased pricing pressure or adverse changes to
third-party reimbursement.  DJO's established position in niche
orthopedic markets, product and customer diversity, and long-
standing customer relationships offset those considerations only
somewhat.

                           Rating List

                             DJO Inc.

           Corporate credit rating         B/Stable/--

                         Rating Assigned

                        DJO Finance Corp.
                         DJO Finance LLC

                       Senior Subordinated

               $300 mil notes due 2017         CCC+
                 Recovery rating               6


EAST PALMDALE: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: East Palmdale Enterprises, LLC
        24933 Ariella Drive
        Calabasas, CA 91302-0000

Bankruptcy Case No.: 10-22478

Chapter 11 Petition Date: October 1, 2010

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

Judge: Geraldine Mund

Debtor's Counsel: Glenn Ward Calsada, Esq.
                  9924 Reseda Boulevard
                  Northridge, CA 91324
                  Tel: (818) 477-0314
                  Fax: (818) 473-4277
                  E-mail: glenn@calsadalaw.com

Scheduled Assets: $5,000,000

Scheduled Debts: $1,482,700

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

The petition was signed by Peiman Shayan, managing member.


EMBASSY DELUJO: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Embassy Delujo Apartments, LLC
        946 Senate Street
        Costa Mesa, CA 92627

Bankruptcy Case No.: 10-24114

Chapter 11 Petition Date: October 3, 2010

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

Judge: Theodor Albert

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

Scheduled Assets: $2,803,700

Scheduled Debts: $2,833,820

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-24114.pdf

The petition was signed by Marcos Romero, limited liability
company member/owner.


ENVOY CAPITAL: Notified by NASDAQ on Low Bid Price
--------------------------------------------------
Envoy Capital Group Inc. received written notification from The
NASDAQ Stock Market on October 4, 2010 advising the Company that
because the bid price of the Company's common shares for the
previous 30 consecutive trading days had closed below the minimum
U.S. $1.00 per share required for continued listing on the NASDAQ
Capital Market, the Company is not in compliance with NASDAQ
Listing Rule 5550(a)(2).  The notification letter has no effect on
the listing of the Company's common shares at this time.

Pursuant to NASDAQ Listing Rule 5810(c)(3)(A), the Company has
been provided an initial grace period of 180 calendar days, or
until April 4, 2011, to regain compliance with the Minimum Price
Requirement, which requires a closing bid price of the Company's
common shares at or above U.S. $1.00 per share for a minimum of 10
consecutive business days.  In the event the Company does not
regain compliance April 4, 2011, NASDAQ will provide written
notification that the Company's common shares are subject to
delisting.  If the Company is not deemed in compliance prior to
April 4, 2011, but demonstrates that it meets all applicable
standards for initial listing on the NASDAQ Capital Market on such
date, it will be afforded an additional 180 calendar day
compliance period.

The Company intends to monitor the bid price of its common shares
between now and April 4, 2011, and will consider available options
to regain compliance with the Minimum Price Requirement.

                      About Envoy Capital

Envoy Capital Group Inc. -- http://www.envoy.to/-- is a merchant
banking organization that focuses on providing financial services
as well as equity and debt capital, to small and mid-cap
companies.


EVERTEC INC: S&P Assigns Corporate Credit Rating at 'B+'
--------------------------------------------------------
Standard and Poor's has assigned 'B+' corporate credit rating on
EVERTEC Inc. and rated its senior secured debt at 'BB-'.

S&P is assigning its 'B+' corporate credit rating with a stable
outlook to Puerto-Rico-based EVERTEC, a payment processing and
technology services provider operating in Puerto Rico, the
Caribbean, and Latin America.

S&P is also assigning its 'BB-' issue rating to the company's
$50 million senior secured revolving credit facility and
$355 million term loan B.  The company used the proceeds of the
senior secured credit facility to finance in part a carve-out
acquisition of EVERTEC from a subsidiary of Popular Inc.

The stable outlook reflects EVERTEC's relatively stable revenues
and consistent profitability and cash flow generation.


FIRSTFED FINANCIAL: Files Chapter 11 Plan of Liquidation
--------------------------------------------------------
FirstFed Financial Corp. filed with the U.S. Bankruptcy Court a
Chapter 11 Plan of Liquidation.

Pursuant to the Plan, the Debtors' assets will be transferred to a
liquidating trust.  According to BankruptcyData.com, under the
Plan:

   * Holders of administrative claims, priority tax claims,
     secured claims and other priority claims will be paid in full
     in cash on the effective date;

   * Holders of general unsecured claims will receive their pro
     rata share of available cash as soon as practical; and

   * Holders of FirstFed's common stock will receive no
     distribution under the Plan, and all common stock interests
     will be canceled.

                      About FirstFed Financial

Irvine, Calif.-based FirstFed Financial Corp. is the bank
holding company for First Federal Bank of California and its
subsidiaries.  The Bank was closed by federal regulators on
December 18, 2009.

FirstFed Financial Corp. filed for Chapter 11 protection (Bankr.
C.D. Calif. Case No. 10-10150) on Jan. 6, 2010.  Jon L. Dalberg,
Esq., at Landau Gottfried & Berger LLP, represents the Debtor in
its restructuring efforts.  In its petition, the Debtor estimated
assets between $1 million and $10 million, and debts between
$100 million and $500 million.


FONTAINEBLEAU LAS VEGAS: Icahn Holds Fire Sale
----------------------------------------------
Carl Icahn, who bought the Fontainebleau Las Vegas casino resort
that he bought in January, has begun selling the furnishings and
fitments at the unfinished casino report, the New York Post
reported, citing an unidentified informant.

Fontainebleau Las Vegas -- http://www.fontainebleau.com/-- is
constructing a luxury resort, Fontainebleu Las Vegas, on the
northern end of the Las Vegas Strip.

Fontainebleau Las Vegas Holdings, LLC and its units filed for
Chapter 11 protection on June 9, 2009 (Bankr. S.D. Fla. Lead Case
No. 09-21481).   Scott L Baena, Esq., at Bilzin Sumberg Baena
Price & Axelrod LLP, represented the Debtors in their
restructuring effort.   The Debtors' claims agent is Kurtzman
Carson Consulting LLC.  Attorneys at Genovese Joblove & Battista,
P.A., and Fox Rothschild, LLP, represent the Official Committee of
Unsecured Creditors.  Fontainebleau Las Vegas LLC listed more than
$1 billion in debt and a similar amount in assets, while each of
Fontainebleau Las Vegas Capital Corp. and Fontainebleau Las Vegas
Holdings, LLC, listed less than $50,000 in assets and more than
$1 billion in debts.

In February 2010, Icahn Enterprises L.P. acquired from
Fontainebleau Las Vegas and certain affiliated entities, the
Fontainebleau property and improvements thereon located in Las
Vegas, Nevada, for an aggregate purchase price of around
$150 million.  The bankruptcy case was subsequently converted to
Chapter 7.

Soneet R. Kapila has been named the trustee for the Chapter 7 case
of Fontainebleau Las Vegas.


FRANK BYERS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Frank J. Byers
        204 Bishop Road
        Richwood, NJ 08074

Bankruptcy Case No.: 10-13206

Chapter 11 Petition Date: October 4, 2010

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

Debtor's Counsel: Donna L. Harris, Esq.
                  PINCKNEY, HARRIS & WEIDINGER, LLC
                  1220 N. Market Street, Suite 950
                  Wilmington, DE 19801
                  Tel: (302) 504-1499 - Direct
                  Fax: (302) 442-7046
                  E-mail: dharris@phw-law.com

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

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

The Debtor did not have creditors to file with its petition.

Debtor-affiliates that filed separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Byers Electrical Construction, LLC    10-13205            10/04/10
American Sign & Graphics, LLC         10-11226            04/12/10


GARLOCK SEALING: Seeks to Pay Appeal Bond Invoice
-------------------------------------------------
Garlock Sealing Technologies LLC is the principal on a certain
appeal bond for $531,119 in favor of Olwen Moeller, individually
and as executrix of the estate of Robert L. Moeller, effective May
26, 2010.  Garlock received an invoice for $3,783 as due and owing
with respect to the Appeal Bond, made up of:

  (a) $93 as due and owing before the Petition Date; and

  (b) $3,690 as owing after the Petition Date.

By this motion, the Debtors seek the Court's permission to pay the
Invoice in full.

The Debtors believe that it would be in the best interests of
their estates to maintain the status quo by making the premium
payments to the surety for the Appeal Bond.  The sum set forth in
the Invoice is de minimis, and the prepetition portion,
particularly, is a miniscule amount, the Debtors relate.

                      About Garlock Sealing

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

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

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

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

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


GARLOCK SEALING: Wins Nod for Grant Thornton as Audit Accountant
----------------------------------------------------------------
Garlock Sealing Technologies LLC and its units received the U.S.
Bankruptcy Court's permission to employ Grant Thornton LLP as
their audit accountant, effective as of August 8, 2010.

As the Debtors' audit accountant, Grant Thornton will:

  (a) perform an audit of the balance sheet and related
      financial documents of the Debtors and their subsidiaries
      as of December 31, 2010, in accordance with auditing
      standards generally accepted in the U.S.;

  (b) prepare a report containing an opinion as to whether the
      financial statements, taken as a whole, are fairly
      presented based on accounting principles generally
      accepted in the U.S.; and

  (c) other services as might be reasonably sought by the
      Debtors.

According to the Debtors, Grant Thornton intends to engage third-
party service providers, which are member firms of Grant Thornton
International, to perform audit procedures for the Debtors'
subsidiaries:

  Third-Party Provider                Garlock Entity
  --------------------                ---------------
  Salles Sainz Grant Thornton         Garlock de Mexico, S.A.
  Grant Thornton Australia            Garlock Pty Limited
  Raymond Chabot Grant Thornton LLP   Garlock of Canada Ltd.

The Debtors expect to pay Grant Thornton $327,500 for its
professional services in connection with the auditing functions,
exclusive of out-of-pocket expenses incurred during the course of
representation.  The Debtors will reimburse Grant Thornton for
expenses incurred.  Grant Thornton will be paid those fees in
monthly increments of $55,000, subject to Court-approved
compensation procedures.

Janet Malzone, Esq., a partner at Grant Thornton LLP, discloses
that her firm has represented, represents or may represent certain
parties in the Debtors' Chapter 11 cases in matters unrelated to
the bankruptcy cases.  A list of these parties is available for
free at:

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

Ms. Malzone also relates that certain Grant Thornton employees and
their spouses own shares of Bank of America stock, or are hired by
Bank of America, which is a creditor of the Debtors.  Certain
Grant Thornton employees own shares of the stock of Oracle
Corporation, which is also a creditor of the Debtors, she adds.

Ms. Malzone, however, assures the Court that despite these
disclosures, Grant Thornton is a "disinterested person" as that
term is defined under Section 101(14) of the Bankruptcy Code.

                      About Garlock Sealing

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

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

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

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

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


GARLOCK SEALING: Says Orrick Herrington Fees Excessive
------------------------------------------------------
Joseph W. Wrier, III, the Court-appointed legal representative for
future asbestos claimants, seeks the Court's permission to retain
Orrick, Herrington & Sutcliffe LLP as his counsel, effective as of
September 16, 2010.

The Future Claims Representative propose that the Debtors pay
Orrick's professionals according to their customary hourly rates:

      Title                        Rate per Hour
      -----                        -------------
      Partners                      $675 to $995
      Senior lawyers                $330 to $570
      Associates                     $95 to $420

Specific professionals that will be engaged in this matter are:

    Name                Title              Rate per Hour
    ----                -----              -------------
    Richard H. Wyron    Partner                $850
    Jonathan P. Guy     Partner                $810
    Debra L. Felder     Senior Associate       $640
    James Burke         Associate              $445
    Debra O. Fullem     Senior Legal Asst.     $265

                      Debtors Respond

The Debtors complain of the excessive rates of compensation
proposed to be paid to Orrick, Herrington & Sutcliffe LLP as
counsel to Joseph W. Grier, III, the court-appointed legal
representative for future asbestos claimants.

Counsel to the Debtors, Garland S. Cassada, Esq., at Robinson
Bradshaw & Hinson, P.A., in Charlotte, North Carolina, argues that
Orrick's rates are unreasonable and go well beyond rates charged
by any legal professionals in these Chapter 11 cases or firms with
comparable practices.  Specifically, the individual lawyers at
Orrick who are proposed to represent the FCR have rates
substantially higher than comparable professionals, he asserts.

Indeed, Mr. Cassada notes, a portion of a monthly fee statement
filed by Young Conaway Stargatt & Taylor LLP in the Pittsburgh
Corning case demonstrates a rate scale 25% to almost 50% lower
than Orrick proposes.  Young & Conaway has equivalent, if not
deeper, experience than Orrick, he stresses.

At best, Orrick's levels of compensation should not exceed those
of Caplin & Drysdale, Chartered's rates, the Debtors insist.  To
recall, the Debtors questioned Caplin's rates on the ground of
reasonableness.

                      FCR Talks Back

"The Debtors' Objection asserts, without questioning Orrick's
skill, qualifications, professionalism, expertise or experience,
that Orrick's hourly rates are 'unreasonable' and go well beyond
those rates charged by any professionals in the Chapter 11 cases,"
A. Cotten Wright, Esq., at Grier Furr & Crisp, PA, in Charlotte,
North Carolina, counsel to the FCR, tells the Court.

Mr. Wright reminds the Court that in overruling the Debtors'
objection to Caplin's retention, the Court stated that the
relevant market that the Court has to use as a determinant is one
that is a lot broader in scope than the Western District of North
Carolina.  Mr. Wright also points out that a comparison between a
Delaware-based firm like Young & Conaway and Orrick, a national
firm is misleading.  He argues that the Debtors fail to analyze
hourly rates charged by nationals firms involved in asbestos
bankruptcy cases like Kirkland & Ellis LLP.  He insists that
there are few law firms with Orrick's breadth and depth of
experience and expertise in the asbestos arena, having acted as
counsel for debtors and asbestos co-defendants.

Thus, in analyzing the reasonableness of Orrick's hourly rates,
these should be compared with rates charged by comparable firms
with comparable practices in other asbestos bankruptcy cases
across the country, Mr. Wright maintains.

                      About Garlock Sealing

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

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

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

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

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


GARY COWAN: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Joint Debtors: Gary D. Cowan
               Kathryn L. Cowan
               19110 SE 44th Way
               Issaquah, WA 98027

Bankruptcy Case No.: 10-21537

Chapter 11 Petition Date: September 28, 2010

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

Judge: Marc Barreca

Debtor's Counsel: Christopher F. Dale, Esq.
                  CROCKER LAW GROUP PLLC
                  720 Olive Way, Ste 1000
                  Seattle, WA 98101
                  Tel: (206) 624-9894
                  E-mail: cdale@crockerlaw.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/wawb10-21537.pdf


GENERAL MOTORS: Unsecureds at Odds with Treasury on Assets
----------------------------------------------------------
BankruptcyData.com reports that the official committee of
unsecured creditors formed in the Chapter 11 cases of Motors
Liquidation, formerly General Motors Company, filed with the U.S.
Bankruptcy Court for the Southern District of New York a motion to
enforce the bankruptcy judge's previous order approving a DIP
financing and the wind-down process for Old GM.

The Creditors Committee, according to BData, explains that on
August 26, 2010 -- more than a year after the Committee sued for
the return of $1.5 billion paid on account of an apparently
voidable security interest ("Term Loan Litigation") -- the U.S.
Treasury for the first time asserted that Treasury, not the
unsecured creditors, owned the Term Loan Litigation.  On August
31, 2010, the Debtors filed a Joint Chapter 11 Plan, which, at the
Treasury's request, provided that ownership of the Term Loan
Litigation would be determined by the Court or by negotiation
between Treasury and the Committee.

The Committee, BData relates, asserts that the Treasury's position
with respect to the Term Loan Litigation contradicts the order
approving Old GM's $33.3 billion debtor-in-possession facility
funded by the Treasury and the Wind-Down Order.

The Court scheduled an October 21, 2010 hearing to consider the
Motion to Compel.

                       About General Motors

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

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

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

                     About Motors Liquidation

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

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

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


GRACE LIM: Case Summary & 31 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Grace Sue Lim
          dba Settlement Properties, LLC
        1313 Spectrum
        Irvine, CA 92618

Bankruptcy Case No.: 10-24119

Chapter 11 Petition Date: October 4, 2010

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

Judge: Robert N. Kwan

Debtor's Counsel: Michael R Totaro, Esq.
                  TOTARO & SHANAHAN
                  P.O. Box 789
                  Pacific Palisades, CA 90272
                  Tel: (310) 573-0276
                  Fax: (310) 496-1260
                  E-mail: mtotaro@aol.com

Scheduled Assets: $1,162,630

Scheduled Debts: $1,757,106

A list of the Debtor's 31 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-24119.pdf


GRACEWAY PHARMACEUTICALS: Moody's Cuts Corp. Family Rating to 'Ca'
------------------------------------------------------------------
Moody's Investors Service lowered the ratings of Graceway
Pharmaceuticals, LLC, including the Corporate Family Rating to Ca
from Caa3 and the Probability of Default Rating to D from Caa3.
Ratings on Graceway's first and second-line credit facilities have
also been lowered.  Following this rating action the rating
outlook remains negative.

Ratings downgraded:

  -- Corporate Family Rating to Ca from Caa3

  -- Probability of Default Rating to D from Caa3

  -- First lien senior secured Term Loan of $600 million due 2012
     to Caa2 (LGD2, 23%) from Caa1 (LGD2, 26%)

  -- First lien senior secured revolving credit facility of $30
     million due 2012 to Caa2 (LGD2, 23%) from Caa1 (LGD2, 26%)

  -- Second lien senior secured credit facility of $330 million
     due 2013 to C (LGD5, 74%) from Ca (LGD5, 77%)

                        Ratings Rationale

The ratings downgrade reflects a missed interest payment on
Graceway's second lien loan, as well as Moody's latest estimates
for recovery prospects.  Moody's understands that Graceway is in
the process of seeking covenant waivers with lenders.

Moody's continues to view Graceway's debt structure as
unsustainable based on increasing amortization requirements and
maturities of the first-lien debt in May 2012 and the second-line
debt in May 2013.

The rating outlook remains negative until there is greater clarity
on the status of covenant negotiations.  The ratings could be
downgraded if waivers are not reached, or if recovery prospects
appear worse than Moody's current expectations.  Conversely, the
rating outlook could stabilize if covenants are successfully
waived and Moody's remains comfortable with recovery estimates.

Moody's last rating action on Graceway took place on March 17,
2010 when Moody's lowered Graceway's ratings including the
Corporate Family Rating to Caa3 from Caa1.

Headquartered in Bristol, Tennessee, Graceway Holdings, LLC, and
Graceway Pharmaceuticals, LLC, is a specialty pharmaceutical
company focused on the dermatology, respiratory, and women's
health markets.


GREAT ATLANTIC: Owes Detroit Landlords Nearly $150-Mil. in Rent
---------------------------------------------------------------
Daniel Duggan, writing for Crain's Detroit, reports that The Great
Atlantic & Pacific Tea Co. owes nearly $150 million in unpaid rent
in Detroit, after stopping payments on nearly 2 million square
feet of retail and industrial space in the area and triggering 24
lawsuits.

Crain's Detroit notes that A&P decided to leave Detroit three
years ago, vacating 66 stores.  Kroger Co. bought or leased 20,
and several others have been leased or subleased.  Leases are in
the name of Borman's Inc., the Farmer Jack parent company prior to
A&P.

Crain's Detroit relates that for about three years, A&P paid the
rent and sought subleases.  In June, Crain's Detroit notes, Mark
Krysinski, Esq., a partner at Jaffe Raitt Heuer & Weiss, informed
landlords that Borman's "has decided to return possession of the
leased premises" to the owner and that the company will "cease
paying rent."  The letter was cause for nearly all of its
recipients to file lawsuits, alleging breach of contract, among
other charges.

Representing five cases against A&P, Michelle Harrell, Esq.,
managing shareholder at Maddin Hauser Wartell Roth & Heller, said
the cases are fairly unusual actions for a company not in
bankruptcy.

                            About A&P

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

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

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

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


GREAT FALLS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Great Falls Haven LLC
        1312 Yellow Tavern Court
        Herndon, VA 20170

Bankruptcy Case No.: 10-18208

Chapter 11 Petition Date: September 28, 2010

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Stephen S. Mitchell

Debtor's Counsel: Timothy J. McGary, Esq.
                  10500 Sager Avenue, Suite G
                  Fairfax, VA 22030-2414
                  Tel: (703) 352-4985
                  Fax: (703) 591-2253
                  E-mail: tjm@mcgary.com

Scheduled Assets: $1,543,530

Scheduled Debts: $975,000

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

The petition was signed by Paul Arnone, manager.


GREENVILLE UNITED: Case Summary & 7 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Greenville United Christian Ministries
          aka New Birth Greenville
        a South Carolina Non Profit Corporation
        P.O. Box 1273
        Greer, SC 29652

Bankruptcy Case No.: 10-07014

Chapter 11 Petition Date: September 29, 2010

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

Judge: Helen E. Burris

Debtor's Counsel: Robert H. Cooper, Esq.
                  THE COOPER LAW FIRM
                  3523 Pelham Road, Suite B
                  Greenville, SC 29615
                  Tel: (864) 271-9911
                  E-mail: bknotice@thecooperlawfirm.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 seven largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/scb10-07014.pdf

The petition was signed by Getties L. Jackson, president and CEO.


HARRISBURG PA: Water, Parking Debt Under Review for Downgrade
-------------------------------------------------------------

Dow Jones' DBR Small Cap reports Moody's Investors Service said
that the deepening fiscal stress of Harrisburg, Pa. may spread to
the bonds of municipal authorities, debt with no connection to the
causes of the capital city's woes.

According to the report, Moody's Investors Service said that it
may cut the ratings of $68 million in water refunding bonds sold
by the Harrisburg Authority and $18 million in parking revenue
bonds issued by the Harrisburg Parking Authority.  The report
relates that Moody's cited the city's "continued financial stress"
and Mayor Linda Thompson's application to have Harrisburg declared
a distressed municipality under a state oversight program known as
Act 47.

The report relates Moody's Investors said that both of the
affected authorities transfer funds to the city, which "brings
into question whether parking or water system financial operations
could be weakened or disrupted, even temporarily, by continued
stress at the city, including actions that could be taken by an
Act 47 coordinator or a federal bankruptcy judge."

                     About Harrisburg, PA

The city of Harrisburg is coping with debt related to a failed
revamp of an incinerator.  The outstanding principal on the
Incinerator debt is $288 million.  Total principal and interest on
this debt would amount to approximately $458 million.  Debt
service payments on the total incinerator debt are $20 million per
year.  Of this total, Dauphin County, Pennsylvania, is responsible
for roughly $10 million and Harrisburg is responsible for the
other $10 million.   The city is guarantor on 100% of the
$288 million Incinerator debt.

The City Council of Harrisburg, Pennsylvania, voted 5-2 on
September 28 to seek professional advice on bankruptcy or state
oversight.  Harrisburg needed state aid to avoid default on $3.3
million of bond payments this month.

The city has missed about $8 million in debt-service payments this
year on bonds issued in connection with a trash-to-energy
incinerator.  The city owes another $40 million by the end of the
year, and was sued by its home county Dauphin County; bond insurer
Assured Guaranty Municipal Corp., a unit of Assured Guaranty Ltd.;
and bond trustees TD Bank and M&T Bank Corp. over $19 million in
skipped bond payments.


HARRY JEREMIAS: U.S. Bancorp Seeks to Foreclose on Renwick Condo
----------------------------------------------------------------
David Jones, writing for The Real Deal, reports that U.S. Bancorp
has filed a foreclosure lawsuit against Harch Group's founder,
Harry Jeremias, for allegedly defaulting on a $55.3 million loan
to develop the Renwick condominium in Soho.

According to Real Deal, U.S. Bancorp filed the suit in New York
State Supreme Court on Sept. 14.  U.S. Bancorp alleges that by
August 2009, it notified Mr. Jeremias and the other guarantors --
which include Harch partners Henry Orlinsky and Francisco Pujol --
that the loan was being accelerated and became fully due.  The
lender previously filed for a judgment in lieu of complaint
against the developers, but that was later rejected by Judge Emily
Goodman, so the lender filed suit to foreclose on the properties.

According to Real Deal, U.S. Bancorp also alleges that Harch
failed to pay monthly debt service, outstanding mechanics liens,
taxes and insurance on the property.  It claims the developers
also defaulted by allowing the project budget to go $6 million out
of balance and that the project fell more than 12 months behind
schedule after construction was halted.

U.S. Bancorp is demanding the remaining principal balance of $28
million, plus interest, taxes and fees.

Real Deal further relates that the developer is facing a series of
lawsuits over the project:

     -- Brooklyn-based Kiska Development Group, in October 2009,
        filed suit in state Supreme Court against Harch, alleging
        that it wasn't paid for construction work at 15 Renwick.
        Kiska was later told, however, that the bank never
        approved the firm to perform the work, and filed suit to
        foreclose on a $384,000 lien. Peter Kutil, Esq., attorney
        for Kiska, was not immediately available for comment.

     -- Records from the city Department of Buildings show a
        partial stop work order in February 2009, after pile
        driving caused the building to shake and a full stop-work
        order was issued in February 2010.

     -- Mr. Jeremias was previously sued after defaulting on
        $83 million in loans for the Jasper, at 114 East 32nd
        Street.

     -- He faced similar litigation for allegedly defaulting on
        $48 million in loans from Bank of America, used to
        purchase and renovate a 13-story office tower at 216 West
        18th Street.


HAWK CORP: S&P Retains CreditWatch Developing on 'B' Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings on
Cleveland, Ohio-based Hawk Corp., including the 'B' corporate
credit rating, remain on CreditWatch with developing implications,
where they were initially placed July 2, 2010.  Developing
implications indicate that S&P could raise, lower, or affirm the
ratings.

"Hawk's board of directors continues to explore and consider
possible strategic alternatives to improve shareholder value,
including a possible sale of the company.  The company has
retained a financial advisor to assist in this process," said
Standard & Poor's credit analyst Gregoire Buet.

The business environment for the manufacturer of brakes, clutches,
and transmissions parts used in airplanes, trucks, construction
and mining equipment, farm equipment, and recreational and
performance automotive vehicles has been improving in the first
half of 2010; the company reported a 38% percent increase in
revenues in the period and adjusted operating margins (before
depreciation and amortization) have recovered to levels in line
with historical highs of more than 20%.  As of June 30, 2010,
Hawk's credit measures had improved to about 2.0x total adjusted
debt to EBITDA and to 35% funds from operation to total debt.

"S&P expects to resolve the CreditWatch listing after the company
announces or completes a specific transaction or otherwise
concludes the review of strategic alternatives.  S&P could revise
the CreditWatch implications to positive or negative as more
information related to these alternatives emerges.  S&P could
raise the corporate credit rating if these alternatives positively
affect Hawk's business risk and/or financial risk profiles.
Conversely, if these alternatives lead to a meaningful
deterioration in the business and/or financial profile, S&P could
lower the rating.  S&P could also affirm the existing ratings if
S&P considers that the company's business and financial risk
profile will remain unchanged," Mr. Buet added.


HERTZ CORPORATION: Fitch Assigns 'BB-' Rating on $700 Mil. Notes
----------------------------------------------------------------
Fitch Ratings has assigned a 'BB-' rating to The Hertz
Corporation's $700 million issuance of senior unsecured notes.
The senior unsecured notes will mature on Oct. 15, 2018.  The
notes bear interest at a rate per annum of 7.5% from Sept. 30,
2010.  Interest is payable semi-annually on April 15 and Oct. 15
of each year, commencing April 15, 2011.

The rating is consistent with Fitch's earlier statement provided
in a release dated Sept. 16, 2010.  Hertz's 'BB-' Issuer Default
Rating and Stable Rating Outlook are unaffected by the assignment
of this rating.

Fitch has assigned this rating:

Hertz Corporation

  -- $700 million senior unsecured notes 'BB-'.


HOLLINGER INC: Enters Settlement Agreement With KPMG LLP
--------------------------------------------------------
The Litigation Trustee of Hollinger Inc. has entered into a
settlement agreement with KPMG LLP to resolve all claims against
Hollinger's former advisor advanced by the Litigation Trustee on
behalf of Hollinger.  The settlement entails no admission of
liability on the part of KPMG LLP.  The terms of the settlement
include releases in favour of KPMG LLP from Hollinger and its
subsidiaries, as well as from third parties involved in related
Hollinger litigation.  The settlement and the releases are subject
to court approval, which will be sought on notice to other
affected parties.  The rest of the terms of the settlement
agreement are confidential.

Hollinger previously issued a news release on July 15, 2010
regarding the settlement agreement entered into with Torys LLP.

Hollinger and its subsidiaries, Sugra Ltd. and 4322525 Canada
Inc., are currently subject to proceedings in Canada under the
Companies' Creditors Arrangement Act (Canada) and in the United
States under Chapter 15 of the U.S. Bankruptcy Code.

The securities of Hollinger are subject to a cease trade order
issued by the Ontario Securities Commission on July 23, 2008.
Hollinger's common shares and Series II preference shares were
delisted from the Toronto Stock Exchange on August 22, 2008.

                       About Hollinger Inc.

Based in Toronto, Ontario, Hollinger Inc. (TSX: HLG.C)(TSX:
HLG.PR.B) -- http://www.hollingerinc.com/-- owns approximately
70.1% voting and 19.7% equity interest in Sun-Times Media Group
Inc., formerly Hollinger International Inc., a media company with
assets which include the Chicago Sun-Times newspaper and
Suntimes.com and a number of community newspapers and websites
serving communities in the Chicago area.

The company, along with two affiliates, 4322525 Canada Inc. and
Sugra Limited, filed separate Chapter 15 petitions on Aug. 1, 2007
(Bankr. D. Del. Case Nos. 07-11029 through 07-11031).  Hollinger
also initiated Court-supervised restructuring under the Companies'
Creditors Arrangement Act (Canada) on the same day.

Derek C. Abbott, Esq., and Kelly M. Dawson, Esq., at Morris,
Nichols, Arsht & Tunnell LLP, represents the Debtors in their U.S.
proceedings.

As reported in the Troubled company Reporter on Feb. 22, 2008,
Hollinger Inc.'s consolidated balance sheet at Dec. 31, 2007,
showed C$79.8 million in total assets and C$219.3 million in
total liabilities, resulting in a C$139.5 million total
stockholders' deficit.


HOSPITAL DAMAS: Taps Charles A. Cuprill as Bankruptcy Counsel
-------------------------------------------------------------
Hospital Damas, Inc., asks for authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Charles
A. Cuprill, P.S.C., Law Offices, as bankruptcy counsel.

Charles A. cuprill will represent the Debtor in its restructuring
effort.

The Firm will be paid based on the hourly rates of its personnel:

     Charles A. Cuprill-Hernandez             $350
     Associate                                $200
     Paralegals                                $75

Charles A. Cuprill-Hernandez, Esq., the principal of the Firm,
assures the Court that the Firm is a "disinterested person," as
that term is defined in section 101(14) of the Bankruptcy Code, as
modified by section 1107(b) of the Bankruptcy Code.

Ponce, Puerto Rico-based Hospital Damas, Inc., filed for Chapter
11 bankruptcy protection on September 24, 2010 (Bankr. D. P.R.
Case No. 10-08844).  According to its schedules, the Debtor
disclosed $24,017,166 in total assets and $21,267,263 in total
liabilities.


IMPERIAL CAPITAL: Court Limits Transfers of Equity Interests
------------------------------------------------------------
In a regulatory filing late last month, Imperial Capital Bancorp,
Inc., disclosed that the U.S. Bankruptcy Court for the Southern
District of California on August 16, 2010, granted the Company's
motion for an order limiting certain transfers of equity interests
in the Company and approving related notice procedures.  The
purpose of the motion was to restrict certain transfers of the
Company's common stock that could potentially limit the Company's
ability to utilize net operating loss carryovers for federal
income tax purposes in the event that the Company pursues a plan
of reorganization rather than a plan of liquidation.  The
restrictions apply to any person or entity who is, or who as a
result of a proposed transaction would become, a "Substantial
Equityholder" in the Company.

A "Substantial Equityholder" means an entity that (1) has tax
ownership of at least 244,294 shares of stock or (2) at any time
is or is deemed to be or was or was deemed to be a 5-percent
shareholder of the Debtor within the meaning of Treasury
Regulations section 1.382-2T.

A copy of the Order is available for free at:

               http://researcharchives.com/t/s?6c2b

                      About Imperial Capital

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
09-19431)on December 18, 2009.  Gregory K. Jones, Esq., at
Stutman, Treister & Glatt, P.C., assists the Company in its
restructuring effort.  The Company estimated $10 million to
$50 million in assets and up to $100 million in debts in its
Chapter 11 petition.


IMPERIAL CAPITAL: Files Chapter 11 Plan of Liquidation
------------------------------------------------------
Imperial Capital Bancorp filed with the U.S. Bankruptcy Court a
Chapter 11 Plan of Liquidation and related Disclosure Statement.

BankruptcyData.com reports that under the Plan:

   * To the extent there are any secured claims, those claims
     would be left unimpaired;

   * Each holder of allowed unsecured claims will  receive its
     pro-rata share of the Net Estate Proceeds.  Net Estate
     Proceeds are the monies remaining after all costs and
     expenses of administration have either been paid or reserved
     for and all senior claims have been paid in full.

   * Holders of allowed convenience claims -- unsecured claims
     that each has allowed amounts of $10,000 or less or which are
     reduced to $10,000 -- will receive cash equal to 100% of the
     amount of the allowed convenience claim.

   * Holders of interests in the Debtor will neither receive nor
     retain any property under the Plan, and all interests of the
     Debtor will be cancelled as of the effective date of the
     Plan.

                        About Imperial Capital

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection on December 18, 2009 (Bankr.
S.D. Calif. Case No. 09-19431).  Gregory K. Jones, Esq., at
Stutman, Treister & Glatt, P.C., assists the Company in its
restructuring effort.  The Company estimated $10 million to
$50 million in assets and up to $100 million in debts in its
Chapter 11 petition.


INTERNATIONAL GARDEN: Receives Court Okay of All 1st Day Motions
----------------------------------------------------------------
International Garden Products, Inc. has received approval from the
United States Bankruptcy Court for the District of Delaware for
all of the First Day Motions that the Company believes will enable
it to continue to conduct its business during the reorganization,
including operations of its Iseli Nursery and Weeks Wholesale Rose
Grower affiliates.

Included among the motions, IGP received approval to use the $7.5
million in Debtor-in-Position (DIP) financing that it secured from
a group led by Harris Bank.  IGP said it believes DIP facility
will be adequate to meet the needs of Iseli and Weeks and to
continue operations during the reorganization process.

In addition, the Company received approval to use cash collateral;
to continue making wage and benefit payments and expense
reimbursement payments to employees; to continue making commission
payments to independent contractors, and to continue its current
cash management system for operations.

The company noted that securing court approval of its First Day
Motions was a critical first step in IGP's court-supervised
reorganization process.  These approvals will allow Iseli and
Weeks to continue operations while the Company focuses on
resolving several issues including three contingent liability
issues totaling approximately $27.2 million that have negatively
affected finances.  The Company is confident that this process
will allow both Iseli and Weeks to become much stronger, and
better positioned, to capitalize on industry opportunities.

IGP and four of its affiliates, including Iseli and Weeks, filed
voluntary petitions for Chapter 11 reorganization on Oct. 4, 2010.
The case number for IGP's filing is 10-13207-KJC.  Additional
information about the filing can be found on the Company's case
website, http://www.gcginc.com/cases/igp/

                 About International Garden Products

International Garden Products, Inc. was incorporated in 1996 as a
holding company for Iseli Nursery, Inc., California Nursery
Supply, Weeks Wholesale Rose Grower, and Old Skagit, Inc.  The
company's operating businesses, Iseli and Weeks, focus primarily
on growing horticultural products for nationwide sale to
independent garden centers, landscape suppliers, landscapers and
similar parties.  Iseli's is known in the industry as the premium
source of dwarf conifers, Japanese maples and unique companion
plants.  Weeks is one of the largest wholesale breeders and
growers of premium roses in the U.S.

International Garden Products, Inc., and its affiliates filed for
Chapter 11 protection on Oct. 4, 2010 (Bankr. Lead Case No. 10-
13207).

Andrew R. Remming, Esq., at Morris, Nichols, Arsht & Tunnell,
serves as bankruptcy counsel.  Bryan Cave LLP is the legal counse.
FTI Consulting is the restructuring advisor.  International Garden
estimated assets and debts at $10 million to $50 million in its
Chapter 11 petition.


INTERSTATE BAKERIES: Ct. Rejects $56MM U.S. Bank Claim v. Insurers
------------------------------------------------------------------
The Kansas City Star reports that U.S. District Judge Howard Sachs
denied U.S. Bank's claim that it was entitled to $56 million as
part of a settlement with a former Interstate Bakeries Corp.
executive.  U.S. Bank served as the trustee of the unsecured
creditors committee in the Interstate bankruptcy.

The Star relates that U.S. Bank sued in March 2010, arguing that
it was entitled to a payout from Interstate insurers based on the
actions of Paul Yarick, the company's treasurer before the
bankruptcy filing.  In an earlier legal action, U.S. Bank accused
Mr. Yarick of understating Interstate's workers' compensation
reserve by $40 million.

The Star says Mr. Yarick settled that earlier case with U.S. Bank
for $56 million on the condition that he could not be pursued
personally for the settlement.  His work was insured through an
employment agreement with Interstate.

The Star says Federal Insurance Co. and several other insurers
argued that Mr. Yarick did not suffer a loss based on the
settlement.  Judge Sachs agreed, saying the policy's limited
coverage did not allow U.S. Bank to recover $56 million from the
insurers when Mr. Yarick was "absolved from payment."

                  About Interstate Bakeries

Interstate Bakeries Corporation is a wholesale baker and
distributor of fresh-baked bread and sweet goods, under various
national brand names, including Wonder(R), Baker's Inn(R),
Merita(R), Hostess(R) and Drake's(R).

The Company and eight of its subsidiaries and affiliates filed for
chapter 11 protection on Sept. 22, 2004 (Bankr. W.D. Mo. Case No.
04-45814).  J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represented the Debtors
in their restructuring efforts.  When the Debtors filed for
protection from their creditors, they listed $1,626,425,000 in
total assets and $1,321,713,000 (excluding the $100,000,000 issue
of 6% senior subordinated convertible notes due Aug. 15, 2014) in
total debts.

The Debtors first filed their Chapter 11 Plan and Disclosure
Statement on Nov. 5, 2007.  On Jan. 30, 2008, the Debtors received
court approval of the disclosure statement explaining their first
amended plan.  IBC did not receive any qualifying alternative
proposals for funding its plan in accordance with the court-
approved alternative proposal procedures.

The Debtors, on Oct. 4, 2008, filed another Plan, which
contemplates IBC's emergence from Chapter 11 as a stand-alone
company.  The filing of the Plan was made in connection with the
plan funding commitments, on Sept. 12, 2008, from an affiliate of
Ripplewood Holdings L.L.C. and from Silver Point Finance, LLC, and
Monarch Master Funding Ltd.

On December 5, 2008, the Bankruptcy Court confirmed IBC's Amended
New Joint Plan of Reorganization.  The plan was filed October 31,
2008.  The exit financings that form the basis for the Plan are
reflected in corresponding debt and equity commitments.

Interstate Bakeries emerged from Chapter 11 on February 3, 2009.
Upon emergence, the Company moved its headquarters from Kansas
City, Missouri, to Dallas, Texas.


INVACARE CORPORATION: Tender Offer Won't Move Moody's 'B1' Rating
-----------------------------------------------------------------
In Moody's view, Invacare Corporation's tender offer for its
$146 million of senior notes will not impact the company's B1
corporate family and probability of default ratings.  The ratings
and positive outlook continues to reflect the company's strong
operating performance and the notable de-leveraging over the past
several years.  However, current uncertainty regarding Medicare
reimbursement prospects for Invacare's key customers has tempered
Moody's position and ratings are not expected to be reviewed
before the first quarter of 2011.

Should the tender offer successfully replace the entire note
offering with senior secured bank debt, Moody's would withdraw the
current B1 rating on the notes.  However, the rating on any
remaining notes may be lowered given the potential for the
elimination of restrictive covenants on the remaining notes, in
addition to the increase in effective subordination.  Following
the refinancing of Invacare's senior secured bank facility, the
rating on the existing senior secured revolving credit facility
would be withdrawn.

The B1 CFR and positive outlook continue to reflect Invacare's
scale, good product and geographic diversification and leading
market position as the largest global supplier of home health care
equipment.  The ratings are also supported by Invacare's
commitment to use free cash flow to repay debt which has resulted
in a significant reduction in financial leverage over the past
several years.  The company's financial leverage, interest
coverage ratios and cash flow generation relative to debt, are
strong for the B1 rating category.

The ratings remain constrained by ongoing pressures on Invacare's
customers due to government and other payor reimbursement policies
which results in significant pricing pressure on Invacare.
Further, the industry is highly competitive and subject to
competition from lower cost regions, such as Asia.  Moody's expect
the impact to pricing of home healthcare services from the
Medicare Competitive Bidding program will ultimately have an
impact on Invacare.  About 30% of the company's customers'
revenues will ultimately be subject to competitive bidding with
respect to Medicare durable medical equipment, prosthetics,
orthotics, and supplies.

Invacare, based in Elyria, Ohio, is the leading manufacturer and
distributor of non-acute health care products for home health
care, retail and extended care markets worldwide.  The company's
products are principally sold to over 25,000 home healthcare and
medical equipment providers across five segments/geographies,
namely: North America / Home Medical Equipment, Invacare Supply
Group, Institutional Products Group, Europe and Asia/Pacific.  For
the last 12 months ended June 2010, the company reported revenues
of about $1.7 billion.


ITC DELTACOM: S&P Puts 'B' Rating on CreditWatch Positive
---------------------------------------------------------
Standard & Poor's Ratings Services said it placed its 'B'
corporate credit rating and all other ratings on Huntsville,
Ala.-based competitive local exchange carrier ITC DeltaCom Inc. on
CreditWatch with positive implications.

"The rating action follows the company's announcement that it
has entered into a definitive agreement to be acquired by
Internet service provider Earthlink Inc. in a transaction valued
at $516 million," said Standard & Poor's credit analyst Catherine
Cosentino, "including the assumption of $325 million of ITC
DeltaCom's debt." While S&P does not currently rate Earthlink,
based on the company's public financials and preliminary
information, S&P estimate pro forma leverage for the combined
entity to be around 2x, substantially lower than ITC DeltaCom's
leverage of 3.9x at the end of second-quarter 2010.  Moreover,
Earthlink has a large cash position of about $562 million and
generates solid net free cash flow.

"S&P will monitor events closely as they occur," added Ms.
Cosentino, "and upon completion of the acquisition, if S&P rate
the combined entity, S&P could raise the corporate credit rating
on ITC DeltaCom or affirm the rating at its present level.
Otherwise, S&P could withdraw the ratings." The ITC DeltaCom
senior secured notes have a change-of-control provision whereby
ITC DeltaCom would be required to offer to purchase the notes in
connection with the acquisition, although some of the notes may
remain outstanding.


JACKSON VALLEY: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Jackson Valley Ranch LLC
        19501 312th Ave. NE
        Duvall, WA 98019

Bankruptcy Case No.: 10-21712

Chapter 11 Petition Date: September 30, 2010

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

Judge: Marc Barreca

Debtor's Counsel: Michael P. Harris, Esq.
                  LAW OFFICES OF MICHAEL P. HARRIS
                  2125 5th Ave
                  Seattle, WA 98121
                  Tel: (206) 622-7434
                  E-mail: mph4@quidnunc.net

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

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 Lisa Shilling, manager.


JAMES CAVINESS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Joint Debtors: James A. Caviness
               Adrianne R. Caviness
               9830 E. Thompson Peak Parkway, #903
               Scottsdale, AZ 85255

Bankruptcy Case No.: 10-31708

Chapter 11 Petition Date: October 1, 2010

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

Judge: Redfield T. Baum Sr.

Debtors' Counsel: D. Lamar Hawkins, Esq.
                  AIKEN SCHENK HAWKINS & RICCIARDI PC
                  4742 North 24th Street, Suite 100
                  Phoenix, AZ 85016
                  Tel: (602) 248-8203
                  Fax: (602) 248-8840
                  E-mail: dlh@ashrlaw.com

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

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

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


JAZZBONES VENTURES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Jazzbones Venture Inc.
          fdba Jazzbones
           dba Station 56 Inc
           fdba Station 56
        2803 6th Ave.
        Tacoma, WA 98406
        Tel: (206) 696-3533

Bankruptcy Case No.: 10-47976

Chapter 11 Petition Date: September 28, 2010

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

Judge: Brian D. Lynch

Debtor's Counsel: Karl Y. Park, Esq.
                  LAW OFFICES OF KARL PARK
                  1010 S 336th St Ste 320
                  Federal Way, WA 98003
                  Tel: (253) 815-1400
                  E-mail: karlpark99@yahoo.com

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

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

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

The petition was signed by Terry Suzuki, vice president.


JEFFERSON COUNTY: Commission President Favors Bankruptcy
--------------------------------------------------------
NBC 13's Bettina Boateng reports that one of Jefferson County's
key commissioners adamantly against bankruptcy is changing her
tune.  On Tuesday, Commission President Bettye Fine Collins told
reporters circumstances have changed.

According to the report, Jefferson County Commission President
Bettye Fine Collins said, "If we get to the point, when people
refuse to cooperate with us, as hard as we have worked on this,
then I myself will have no problem in filing for Chapter 9."
"We have been going through this (sewer debt negotiation and
resolutions talks with creditors) a very long time . . . with the
receiver coming in and if creditors decide to balk on this
(settlement or resolution attempts offered by the county), then we
just need to go on with it and let those investment brokers decide
what they want to do. This county is a victim," Ms. Collins said,
according to NBC 13.

The report notes that in the past, Commissioners Jim Carns and
Bobby Humphryes favored bankruptcy while the remaining three
commissioners, including Ms. Collins did not.

Commissioners tell Alabama's 13 News that so far no official talks
or filings for bankruptcy over the sewer debt have taken place but
bankruptcy is still an option on the table.

                      About Jefferson County

Jefferson County has its seat in Birmingham, Alabama.  It has a
population of 660,000.  It ended its 2006 fiscal year with a
$42.6 million general fund balance, according to Standard &
Poor's.

Jefferson County is trying to restructure $3.2 billion in sewer
debt.  A bankruptcy by Jefferson County stands to be the largest
municipal bankruptcy in U.S. history.  It could beat the record of
$1.7 billion set by Orange County, California in 1994.

According to the Troubled Company Reporter on September 24, 2010,
Dow Jones Newswires' Kelly Nolan said Alabama Circuit Court Judge
Albert Johnson named John S. Young Jr. LLC as receiver for the
sewer system.

                           *     *     *

In August 2010, Standard & Poor's Ratings Services withdrew its
underlying rating on Jefferson County, Ala.'s series 2001B general
obligation warrants.  S&P lowered the SPUR to 'D' from 'B' on
Sept. 24, 2008, due to the county's failure to make a principal
payment on the bank warrants due Sept. 15, 2008, in accordance
with the terms of the Standby Warrant Purchase Agreement.

The county and the banks entered into a forbearance agreement that
effectively delayed payments due under the SWPA.


JEFFREY FRIMMERSDORF: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Joint Debtors: Jeffrey K. Frimmersdorf
               Kelly L. Frimmersdorf
               17550 Old Summit Road
               Los Gatos, CA 95033

Bankruptcy Case No.: 10-60357

Chapter 11 Petition Date: October 1, 2010

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

Judge: Roger L. Efremsky

Debtors' Counsel: Perry D. Popovich, Esq.
                  LAW OFFICES OF PERRY POPOVICH
                  2903 Simkins Court
                  Palo Alto, CA 94303
                  Tel: (650) 856-0672
                  E-mail: popovchp@pacbell.net

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

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

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


JOE MIRANDA: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: Joe Ortaliz Miranda
               Imelda Vicencio Miranda
               3502 Milburn Street
               San Jose, CA 95148

Bankruptcy Case No.: 10-60343

Chapter 11 Petition Date: October 1, 2010

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

Judge: Charles Novack

Debtors' Counsel: David A. Boone, Esq.
                  LAW OFFICES OF DAVID A. BOONE
                  1611 The Alameda
                  San Jose, CA 95126
                  Tel: (408)291-6000
                  E-mail: ecfdavidboone@aol.com

Scheduled Assets: $2,030,960

Scheduled Debts: $6,027,551

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-60343.pdf


JOINT THEATER: Bankruptcy Filing Averts Foreclosure Sale
--------------------------------------------------------
Joint Theater Center LLC, doing business as Prince Music Theater,
filed for Chapter 11 protection (Bankr. E.D. Pa. Case No. 10-
18693) on October 5, 2010, in Philadelphia.  The Debtor estimated
total assets of $1 million to $10 million in its Chapter 11
petition.

Stephan Salisbury, writing for The Philadelphia Inquirer, reports
that owners of the Prince Music Theater filed for Chapter 11
bankruptcy protection on Tuesday, hours before a scheduled
sheriff's sale and preventing TD Bank from seizing the 446-seat
venue.

The Inquirer says the theater's principal debt -- about $4.8
million -- is owed to TD Bank, which had foreclosed on the
property, securing a judgment on Christmas Eve 2008 and pushing it
to sheriff's sale.

The Inquirer relates Marjorie Samoff, the theater's producing
director, said the filing will allow the theater time to
restructure its debts with court protection and supervision.  Ms.
Samoff also said the filing will not affect scheduled events,
including upcoming Philadelphia Film Festival screenings,
educational programming and cabaret events.

According to the Inquirer, Rebecca S. Acevedo, a spokeswoman for
the bank, issued a statement by e-mail following the bankruptcy
filing in Philadelphia: "TD Bank has been a long time supporter of
the mission of the Prince Music Theater. We will continue to work
through the legal process, now the bankruptcy court, on a
resolution of this matter. Given the pending litigation, it would
be inappropriate to comment further."


KENT SWIG: Real Estate Firm Buys 5 Hanover Square Mortgage
----------------------------------------------------------
Theresa Agovino, writing for Crain's New York Business, reports
that sources said real estate firm Savanna has purchased the
mortgage on 5 Hanover Square, the tower owned by developer Kent
Swig.

According to Ms. Agovino, Capital One Bank started marketing the
mortgage, which has a face value of about $60 million, over the
summer through Robert Knakal, chairman of Massey Knakal Realty
Services.  Ms. Agovino says it is unclear what Savanna paid for
the loan.  She relates Savanna executives didn't return calls for
comment, and Mr. Knakal declined to comment.

According to Ms. Agovino, Mr. Swig is believed to have defaulted
on the 325,000-square-foot property's loan.  Ms. Agovino notes Mr.
Swig lost several properties amid the recession and has been
besieged by lawsuits.  He is said to owe as much as $50 million to
various creditors and has threatened to file for personal
bankruptcy.

Over the summer, Mr. Swig sold 140 William St. for $11.5 million
through Mr. Knakal.


LAKE STREET: In Bankruptcy, Has 2 Mos. to Redeem Petoskey Project
-----------------------------------------------------------------
9&10 News' Christina Vecchioni reports that according to the Emmet
County Register of Deeds Office, the Petoskey Pointe property is
now owned by PNC Bank.  On April 1, the Emmet County Sheriff's
Department auctioned off the site and PNC Bank had the highest
bid.

9&10 News reports that developer Lake Street Petoskey Associates
had six months to redeem the property, but missed the October 1
deadline.  Lake Street filed Chapter 11 bankruptcy on September 30
and still has 60 days to reclaim the property.


LAWRENCE BUILDING: Case Summary & Creditors List
------------------------------------------------
Debtor: The Lawrence Building Company
        883 Santa Cruz Avenue, 202
        Menlo Park, CA 94025

Bankruptcy Case No.: 10-33938

Chapter 11 Petition Date: October 4, 2010

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

Judge: Dennis Montali

Debtor's Counsel: Sheila Gropper Nelson, Esq.
                  LAW OFFICES OF SHEILA GROPPER NELSON
                  456 Montgomery Street, #1700
                  San Francisco, CA 94104
                  Tel: (415)362-2221
                  E-mail: SheDoesBKLaw@aol.com

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

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

A list of the Company's nine largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-33938.pdf

The petition was signed by Malcom L. Durham, president.


LEAR CORPORATION: Moody's Raises Corporate Family Rating to 'Ba3'
-----------------------------------------------------------------
Moody's Investors Service raised the ratings of Lear Corporation,
Corporate Family Rating and Probability of Default Rating to Ba3
from B1.  In a related action, the ratings of the company's
guaranteed unsecured notes were raised to Ba3.  The rating outlook
remains positive.  The Speculative Grade Liquidity Rating also was
affirmed at SGL-2.

The raising of Lear's Corporate Family Rating to Ba3 reflects the
company's better than expected performance since the positive
outlook was assigned in March 2010.  Lear's strong operating
trends have caused it to raise its 2010 guidance in May and again
in August.  Recovering global automotive production and the
benefits of the company's operational restructuring actions taken
during 2009 result in Lear's EBIT margins (including Moody's
standard adjustments) returning to pre-industry downturn levels of
approximately 5.3% in the first half of 2010.  Lear is expected to
continue to benefit from the gradual recovery of the automotive
industry over the intermediate term.  However, Lear will continue
to be faced with the challenges of high customer concentrations to
the Detroit-3 (in 2009, GM and Ford, together accounted for
approximately 36% of net sales, excluding net sales to Saab and
Volvo), and approximately 47% of 2009 net sales to Europe.  While
first half 2010 car registrations in Europe also have improved
over prior period levels, the second half of 2010 is expected to
reflect seasonal softness and the impact of expired government
scrappage programs.  In addition 2011 European demand may be
adversely impacted by government austerity measures.

The positive rating outlook incorporates Moody's view that Lear's
continued strong performance and modest debt debts levels should
position the company to generate EBIT/Interest over 3x even if the
pace of auto demand begins to soften.  Lear's good liquidity
profile should support financial flexibility in the event that
general economic growth temporarily stalls.

The SGL-2 Speculative Grade Liquidity Rating continues to
indicate the expectation of a good liquidity profile over the
next twelve months supported by cash balances and expected free
cash flow generation.  As of July 3, 2010, the company maintained
$1.4 billion of cash and cash equivalents.  With the company's
lower cost structure and no debt amortization requirements,
Moody's expects continued growth in global automotive production
to support positive free cash flow generation over the near-term.
Liquidity is also supported by a modestly sized $110 million
revolving credit facility, which was unfunded as of July 3, 2010.
Lear's cash balances and Moody's estimation of ample headroom
under the revolver's financial covenants over the near-term will
support financial flexibility in the event of a temporary stall in
general economic growth.  Alternate liquidity is limited as
essentially all of the company's assets secure the revolving
credit facility.  However, given the modest size of the revolver
and resulting over collateralization, there is opportunity for
Lear to up-size the facility if needed.

Ratings raised:

  -- Corporate Family Rating, to Ba3 from B1;

  -- Probability of Default Rating, to Ba3 from B1;

  -- Senior unsecured notes due 2018, to Ba3 (LGD4 55%) from B1
     (LGD4 55%);

  -- Senior unsecured notes due 2020, to Ba3 (LGD4 55%) from B1
     (LGD4 55%);

  -- Senior unsecured shelf, to (P)Ba3 from (P)B1;

This rating was affirmed:

  -- Speculative Grade Liquidity Rating, at SGL-2

The last rating action for reorganized Lear Corporation was on
March 22, 2010, when the Corporate Family Rating of B1 and the
positive rating outlook were affirmed.

Lear Corporation, headquartered in Southfield, MI, is focused on
providing complete seat systems, electrical distribution systems
and various electronic products to major automotive manufacturers
across the world.  The company had net sales of $9.7 billion in
2009 and had approximately 75,000 employees in 35 countries


LESLIE NEYHART: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Leslie A Neyhart
        120 Sandy Ford Road
        Fairhope, AL 36532

Bankruptcy Case No.: 10-04599

Chapter 11 Petition Date: October 4, 2010

Court: U.S. Bankruptcy Court
       Southern District of Alabama (Mobile)

Debtor's Counsel: Marcus E. McDowell, Esq.
                  P.O. Box 400
                  Bay Minette, AL 36507
                  Tel: (251) 937-7024
                  Fax: (251) 937-6190
                  E-mail: mmcdowell@wbblaw.com

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

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

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


LODGENET INTERACTIVE: S&P Withdraws 'B' Rating on $435 Mil. Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'B' issue-level
rating and '4' recovery rating on LodgeNet Interactive Corp.'s
proposed $435 million secured second lien notes due 2016.  The
action followed the company's decision to withdraw the debt
offering.  LodgeNet indicated that the pricing and terms were not
acceptable.  The company planned to use proceeds to fully repay
borrowings and to terminate the commitments under its existing
credit facilities, pay certain financing and swap breakage fees,
and for general corporate purposes.  S&P's corporate credit rating
on LodgeNet remains at 'B', and the rating outlook is stable.

For the 12 months ended June 30, 2010, LodgeNet's lease-adjusted
EBITDA coverage of interest (including preferred dividends) and
lease-adjusted total debt to EBITDA (including preferred stock)
were 2.8x and 4.0x, respectively.  The company has directed most
of its discretionary cash flow to debt reduction to ensure
compliance with financial covenants, and S&P expects it to
continue to do so.  The debt leverage covenant tightened to 3.5x
at the end of Sept. 30, 2010.  S&P expects the company to be in
compliance with the final leverage covenant step-down.
Furthermore, with its good discretionary cash flow, LodgeNet
should be able to obtain necessary covenant waivers and/or
amendments from its bank group, in S&P's view.  For the 12 months
ended June 30, 2010, the company converted about 70% of EBITDA to
discretionary cash flow.

The stable rating outlook reflects S&P's expectation that LodgeNet
will be able to maintain sufficient cushion with regard to
covenants or obtain necessary waivers and amendments, and that
credit ratios will remain appropriate for the rating.  Longer
term, S&P could raise the rating if business trends improve,
leading to sustainable revenue and EBITDA (most likely coming from
increased guest spending) growth in the absence of increased
competitive pressure from alternative in-room entertainment
alternatives.

                          Ratings List

                    LodgeNet Interactive Corp.

       Corporate Credit Rating                B/Stable/--

                             Withdrawn

                    LodgeNet Interactive Corp.

                                               To      From
                                               --      ----
        $435M secd second-lien nts due 2016    NR      B
          Recovery Rating                      NR      4


LONGHORN PARK: Case Summary & 3 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Longhorn Park II LLC
        457 Riviera Dr.
        Canyon Lake, TX 78133

Bankruptcy Case No.: 10-12737

Chapter 11 Petition Date: September 29, 2010

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

Judge: H. Christopher Mott

Debtor's Counsel: Ron Satija, Esq.
                  THE SATIJA LAW FIRM
                  Hall, A Professional Corporation
                  701 Brazos Street, Suite 500
                  Austin, TX 78701
                  Tel: (512) 247-7086
                  Fax: (512) 692-2833
                  E-mail: RJ@texbankruptcylaw.com

Estimated Assets: $0 to $50,000

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

A list of the Company's three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-12737.pdf

The petition was signed by Tim Clifton, manager.


LOREN CHRISTOPHEL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Joint Debtors: Loren Eldon Christophel
               Patricia Gail Christophel
                 fka Patricia Gail Riker
                 aka Trish Gail Christophel
               2685 Greensburg Road
               Martinsburg, WV 25404

Bankruptcy Case No.: 10-02027

Chapter 11 Petition Date: September 28, 2010

Court: United States Bankruptcy Court
       Northern District of West Virginia (Martinsburg)

Judge: BK Patrick M. Flatley

Debtor's Counsel: Aaron C. Amore, Esq.
                  KRATOVIL & AMORE PLLC
                  211 West Washington Street
                  P.O. Box 337
                  Charles Town, WV 25414
                  Tel: (304) 728-7718
                  Fax: (304) 728-7720
                  E-mail: amore@charlestownlaw.com

Scheduled Assets: $343,548

Scheduled Debts: $1,255,484

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/wvnb10-02027.pdf


LA BOTA DEVELOPMENT: Files Full-Payment Reorganization Plan
-----------------------------------------------------------
La Bota Development Company, Inc., and Laredo Rock Tech Sand &
Gravel, L.P., submitted to the U.S. Bankruptcy Court for the
Southern 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 that the
Debtors will satisfy (i) all allowed secured claims to the extent
of the value of their collateral; (ii) all administrative claims
will be paid under the terms of the Joint Plan from the
Distributable Proceeds; and (iii) all allowed unsecured claims of
both La Bota and Rock Tech will be paid in full.

Satisfaction of La Bota's creditor's claims will be derived from
the transfer of certain real property and post-confirmation
operating revenue.  Payment of Rock Tech's Creditor's claims will
be derived from post-confirmation operating revenue and other
monies that may be available to satisfy the indebtedness.

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

The Debtors are represented by:

     Wayne Kitchens, Esq.
     Steven Shurn, Esq.
     Simon Mayer, Esq.
     HUGHESWATTERSASKANASE, LLP
     333 Clay Street, 29th Floor
     Houston, Texas 77002
     Tel: (713) 759-0818
     Fax: (713) 759-6834
     E-mail: wkitchens@hwa.com
             sshurn@hwa.com
             smayer@hwa.com

                     About La Bota Development

Sugar Land, Texas-based La Bota Development Company, Inc.,
is a real estate development company that owns and sells
residential and commercial real estate to developers. It also owns
a mobile home park in Nueces County, Texas and a mini-storage
facility in Harris County, Texas.  Rock Laredo Rock Tech Sand &
Gravel, L.P. mines, extracts and sells sand and gravel in Webb
County, Texas.

La Bota filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Texas Case No. 10-20376) on May 3, 2010.  The Company estimated
$50 million to $100 million in assets and $10 million to $50
million in liabilities in its petition.  Tech filed a separate
Chapter 11 petition.


LINCOLNSHIRE CAMPUS: Combined Plan Hearing on Nov. 10
-----------------------------------------------------
Lincolnshire Campus, LLC, and its debtor-affiliates will seek
confirmation of their proposed plan of reorganization on November
10.  The Court will consider objections to the Plan at the
hearing.

The Court has conditionally approved the explanatory disclosure
statement.  The order, however, reserves the rights of all parties
to raise objections to the adequacy in the information in the
Disclosure Statement.

The Court has set this schedule:

   * Voting Record Date:        Sept. 23, 2010

   * Voting Deadline:           Nov. 8, 2010 at 5:00 p.m. (CT)

   * Objection To Adequacy
     of Disclosure Statement
     and Confirmation of
     Plan Deadline:             Nov. 8, 2010 at 5:00 p.m. (CT)

   * Combined Hearing:          Nov. 10, 2010 at 9:30 a.m. (CT)

The latest iteration of 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 from fund available after
payment of all senior claims.  The Debtors expect that unsecured
creditors, with claims expected to aggregate $500,000, won't get
anything.  Holders of subordinated claims and equity interests
also won't receive any distributions.

Impaired creditors -- other than those receiving no distributions
-- are entitled to vote on the Plan.  Unsecured creditors and
equity holders are deemed to reject the Plan.

A full-text copy of the Disclosure Statement, as last amended
September 30, 2010, is available for free at:

     http://bankrupt.com/misc/Lincolnshire_DS_093010.pdf

The Debtors have amended their Plan and Disclosure Statement three
times.

Attorneys for Lincolnshire are:

     Vincent P. Slusher, Esq.
     Thomas R. Califano, Esq.
     DLA Piper LLP (US)
     1717 Main Street, Suite 4600
     Dallas, Texas 75201
     Tel: (214) 743-4572
          (212) 335-4500
     Fax: (972) 813-6267
          (212) 335-4501
     E-mail: vince.slusher@dlapiper.com
             thomas.califano@dlapiper.com

Attorneys for Monarch Landing, Inc. and Sedgebrook,
Inc. are:


      J. Mark Chevallier, Esq.
      James G. Rea, Esq.
      McGUIRE, CRADDOCK & STROTHER, P.C.
      3550 Lincoln Plaza
      500 N. Akard St.
      Dallas, TX 75201
      Tel: (214) 954-6800
      Fax: (214) 954-6850
      E-mail: mchevallier@mcslaw.com
              jrea@mcslaw.com

          -- and --

      Martin T. Fletcher, Esq.
      Stephen F. Fruin, Esq.
      Thomas J. Francella, Jr., DE Bar No 3835
      WHITEFORD, TAYLOR AND PRESTON, L.L.P.
      Seven Saint Paul Street
      Baltimore, MD 21202
      Tel: (410) 347-8700
      Fax (410) 752-7092
      E-mail: mfletcher@wtplaw.com
              sfruin@wtplaw.com
              tfrancella@wtplaw.com

                        About the Debtors

Lincolnshire Campus and Naperville Campus, LLC, filed for Chapter
11 bankruptcy protection on June 15, 2010 (Bankr. N.D. Tex. Lead
Case No. 10-34176).  Vincent P. Slusher, Esq., at DLA Piper LLP
US, assists the Lincolnshire Debtors in their restructuring
effort.  BMC Group serves as claims and notice agent.
Lincolnshire 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, 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.  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. BMC Group Inc. served as claims
and notice agent.  Houlihan, Lokey, Howard & Zoukin, Inc., was
investment and financial consultant.  Alvarez & Marsal
served as restructuring adviser.

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.


MARVIN RICHER: Section 341(a) Meeting Scheduled for Oct. 20
-----------------------------------------------------------
The U.S. Trustee for Region 11 will convene a meeting of Marvin H.
Richer and Gail L. Richer's creditors on October 20, 2010, at
12:00 p.m.  The meeting will be held at Stewart Square, 308 West
State Street, Room 40, Rockford, Illinois 61101.

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.

Crystal Lake, Illinois-based Marvin H. Richer and Gail L. Richer
filed for Chapter 11 bankruptcy protection on September 27, 2010
(Bankr. N.D. Ill. Case No. 10-74803).  Bradley T. Koch, Esq., at
Holmstrom & Kennedy P.C., assists the Debtors in their
restructuring effort.  The Debtors estimated their assets and
debts at $10 million to $50 million as of the Chapter 11 filing.


MARVIN RICHER: Asks for Court's Nod to Use Cash Collateral
----------------------------------------------------------
Marvin H. Richer and Gail L. Richer ask for authorization from the
U.S. Bankruptcy Court for the Northern District of Illinois to use
the cash collateral derived from the rents payable by Friendship
House and Brilliance Honda.

Home State Bank is the Debtors' largest creditor, possessing a
claim against the Debtors in the approximate amount of $7,050,000.
To secure the repayment of the Debtors' obligations, the Bank
claims to possess a mortgage, lien and encumbrance against the
real estate and rents derived therefrom.  The Debtors estimate the
fair market value of the real estate at $19,750,000.

A portion of the real estate is leased to Friendship House and
Brilliance Honda for a monthly rental payment in these amounts:

     Friendship House        $21,144
     Brilliance Honda         $4,750

Prior to the commencement of the Debtors' bankruptcy proceeding
for a period of several months the rentals payable by Friendship
House and Brilliance Honda were paid to the Bank and held in
escrow pursuant to an order entered by the Circuit Court of the
22nd Judicial Circuit, McHenry County, Illinois.

Bradley T. Koch, Esq., at Holmstrom & Kennedy, P.C., explains that
the Debtors need the money to fund their Chapter 11 case, pay
suppliers and other parties.  The Debtors will use the collateral
pursuant to a monthly budget, a copy of which is available for
free at http://bankrupt.com/misc/MARVIN_RICHER_budget.pdf

In exchange for using the cash collateral, the Debtors propose to
grant the Bank postpetition security interest, lien and
encumbrance in and to the collateral which security interest, lien
and encumbrance will have the same priority as the security
interest, lien and encumbrance possessed by the Bank in and to the
collateral as of the commencement of the Debtors' bankruptcy
proceeding.

Crystal Lake, Illinois-based Marvin H. Richer and Gail L. Richer
filed for Chapter 11 bankruptcy protection on September 27, 2010
(Bankr. N.D. Ill. Case No. 10-74803).  Bradley T. Koch, Esq., at
Holmstrom & Kennedy P.C., assists the Debtors in their
restructuring efforts.  The Debtors estimated their assets and
debts at $10 million to $50 million.


MARVIN RICHER: Taps Holmstrom & Kennedy as Bankruptcy Counsel
-------------------------------------------------------------
Marvin H. Richer and Gail L. Richer to employ Holmstrom & Kennedy,
P.C. as bankruptcy counsel.

Holmstrom & Kennedy will, among other things:

     a. prepare pleadings, applications and conduct examinations
        incidental to any related proceedings or to the
        administration of the Debtors' bankruptcy proceeding;

     b. review, evaluate and, if necessary, objection to the
        claims of any creditors in the Debtors' bankruptcy
        proceeding;

     c. take any and all other actions necessary or incidental to
        the proper preservation and administration of the Debtors'
        bankruptcy estate in the Debtors' Chapter 11 bankruptcy
        proceeding; and

     d. advise and assist the Debtors in the formation and
        presentation of a plan and disclosure statement pursuant
        to Chapter 11 of the U.S. Bankruptcy Code.

Holmstrom & Kennedy will be paid $170-$300 per hour for its
services.

Bradley T. Koch, Esq., a principal of Holmstrom & Kennedy, assures
the Court that the firm is a "disinterested person," as that term
is defined in section 101(14) of the Bankruptcy Code, as modified
by section 1107(b) of the Bankruptcy Code.

Crystal Lake, Illinois-based Marvin H. Richer and Gail L. Richer
filed for Chapter 11 bankruptcy protection on September 27, 2010
(Bankr. N.D. Ill. Case No. 10-74803).  Bradley T. Koch, Esq., at
Holmstrom & Kennedy P.C., assists the Debtors in their
restructuring efforts.  The Debtors estimated their assets and
debts at $10 million to $50 million.


MIDWEST BANC: U.S. Trustee Forms 5-Member Creditors Committee
-------------------------------------------------------------
William T. Neary, U.S. Trustee for Region 11, appointed five
members to the official committee of unsecured creditors in
the Chapter 11 cases of Midwest Banc Holdings, Inc.

The Creditors Committee members are:

1. Bowne & Co., Inc.
   55 Water Street
   New York City, NY 10041
   Tel: (212) 658-5805
   Fax: (212) 658-5898
   E-mail: scott.spitzer@bowne.com

   Represented by:
   Schuyler Carroll, Esq.
   Arent Fox, LLP
   1675 Broadway
   New York City, NY 10019
   Tel: (212) 484-3955
   Fax: (212) 484-3990
   E-mail: schuyler.carroll@arentfox.com

2. Daniel R. Kadolph
   519 Arbor Lane
   South Elgin, IL 60177
   Tel : (708) 805-3197
         (847) 697-6393
   E-mail: dkadolph@aol.com

3. MBHI Captial Trust IV
   c/o Wilmington Trust Company, as Trustee
   1100 North Market Street
   Wilmington, DE 19890
   Tel: (302) 636-6395
   Fax: (302) 651-8882
   E-mail: scimalore@wilmingtontrust.com

   Represented by:
   Jason J. Solomon, Esq.
   Tel: (704) 444-1295
   Fax: (704) 444-1111
   E-mail: jason.solomon@alston.com

   J. William Boone, Esq.
   Tel: (404) 881-7282
   Fax: (404) 253-8494
   E-mail: bill.boone@alston.com

4. M & I Marshall & Ilsley Bank
   770 N. Water Street
   Milwaukee, WI 53202
   Tel: (414) 765-7996
   Fax: (414) 765-7436
   E-mail: john.kadlac@micorp.com

   Represented by:
   Mary C. Turke, Esq.
   Michael Best & Friedrich, LLP
   1 S. Pinckney Street
   P.O. Box 1806
   Madison, WI 53701-1806
   Tel: (608) 283-0113
   Fax: (608) 283-2275
   E-mail: mcturke@michaelbest.com

5. David Peck
   1301 Brighton Drive
   Wheaton, IL 60189
   Tel: (630) 388-8201
   E-mail: dcpeck44@gmail.com

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.

Midwest Banc Holdings is the holding company for Midwest Bank and
Trust Company.  The bank, however, became subject to FDIC
receivership this May.

Midwest Banc Holdings filed for chapter 11 protection (Bankr. N.D.
Ill. Case No. 10-37319) in Chicago on August 20, 2010. Hinshaw &
Culbertson serves as bankruptcy counsel to the Debtor.  Midwest
Banc disclosed assets of $9,690,937 and debts of $144,746,169 as
of the bankruptcy filing.


MIDWEST BANC: Committee Taps Freeborn & Peters as Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter case
of Midwest Banc Holdings, Inc., asks the U.S. Bankruptcy Court for
the Northern District of Illinois for permission to employ
Freeborn & Peters LLP as its counsel.

F&P will, among other things:

   a. advise the Committee on all legal issues as they arise;

   b. represent and advise the Committee regarding the terms of
      any sales of assets or plans of reorganization or
      liquidation, and assist the Committee in negotiations with
      the Debtor and other parties-in-interest; and

   c. investigate the Debtor's assets and pre-bankruptcy conduct,
      and investigate the validity, priority and extent of any
      liens asserted against the Debtor's assets;

The hourly rates of F&P's personnel are:

     Senior Partners                    $730
     New Associates                     $255
     Paraprofessionals               $150 - $270

F&P agreed to apply a reduction of 10% from standard rates for the
Chapter 11 case of the Debtor.

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

Midwest Banc Holdings is the holding company for Midwest Bank and
Trust Company.  The bank, however, became subject to FDIC
receivership this May.

Midwest Banc Holdings filed for chapter 11 protection (Bankr. N.D.
Ill. Case No. 10-37319) in Chicago on August 20, 2010. Hinshaw &
Culbertson serves as bankruptcy counsel to the Debtor.  Midwest
Banc disclosed assets of $9,690,937 and debts of $144,746,169 as
of the bankruptcy filing.


MOLECULAR INSIGHT: Gets Oct. 15 Extension of Waiver Agreement
-------------------------------------------------------------
Molecular Insight Pharmaceuticals, Inc. has received an eleventh
extension of its waiver agreement with its Bond holders, allowing
debt restructuring discussions to continue.

Earlier this year, Molecular Insight executed the waiver agreement
and subsequent amendments with holders of the Company's
outstanding Senior Secured Bonds and the Bond Indenture trustee
and announced ongoing discussions with the Bond holders concerning
a restructuring of its outstanding debt.  Under terms of the
eleventh extension announced today, the Bond holders and Bond
Indenture trustee agreed to extend the waiver of a default arising
from the inclusion of a going concern explanatory paragraph in the
independent auditor's report on the Company's financial statements
for the year ended December 31, 2009, any default arising from the
Company's failure to comply with the minimum liquidity
requirements set forth in the Bond Indenture, and other technical
defaults under the Bond Indenture.  The term of the waiver is
extended until 11:59 PM Eastern Standard Time on October 15, 2010.
During this waiver extension period, the Company will continue to
discuss with its Bond holders various proposals.  There are no
assurances, however, that such discussions will be successful.

The waiver continues to be subject to a number of terms and
conditions relating to the provision of certain information to the
Bond holders, among other conditions and matters.  In the event
that the waiver expires or terminates prior to the successful
conclusion of the Company's negotiations with its Bond holders
regarding the restructuring of its outstanding debt, the Company
will be in default of its obligations under the Indenture and the
Bond holders may choose to accelerate the debt obligations under
the Indenture and demand immediate repayment in full and seek to
foreclose on the collateral supporting such obligations.  If the
Company's debt obligations are accelerated or are not restructured
on acceptable terms, it is likely the Company will be unable to
repay such obligations and may seek protection under the U.S.
Bankruptcy Code or similar relief.

                      About Molecular Insight

Cambridge, Mass.-based Molecular Insight Pharmaceuticals, Inc.
(NASDAQ: MIPI) -- http://www.molecularinsight.com/-- is a
clinical-stage biopharmaceutical company and pioneer in molecular
medicine.  The Company is focused on the discovery and development
of targeted therapeutic and imaging radiopharmaceuticals for use
in oncology.  Molecular Insight has five clinical-stage candidates
in development.

Molecular Insight had assets of US$49.39 million against debts of
US$193 million, mostly current, as of June 30, 2010.

As reported in the Troubled Company Reporter on March 17, 2010,
Deloitte & Touche LLP expressed substantial doubt about the
Company's ability to continue as a going concern after auditing
the Company's financial statements for the year ended December 31,
2009.  The independent auditors noted of the Company's
difficulties in meeting its bond indenture covenants and its
recurring losses from operations.

Molecular Insight inked with bondholders a waiver agreement that
expires August 16, 2010.  The bondholders agreed to waive a
default arising from the inclusion of a going concern explanatory
paragraph in the 2009 financial statements and other technical
defaults under the bond indenture.  The Company said that if its
debt obligations are accelerated following termination of the
waiver agreement or the debts are not restructured on acceptable
terms, it is likely the Company will be unable to repay such
obligations and may seek protection under the U.S. Bankruptcy Code
or similar relief.


MPC COMPUTERS: Proposes Settlement with Gateway Inc.
----------------------------------------------------
MPC Computers LLC is asking the U.S. Bankruptcy Court for the
District of Delaware to approve a settlement resolving all its
disputes with Gateway Inc., which has claimed that MPC owes it
nearly $16 million, Bankruptcy Law360 reports.  The Official
Committee of Unsecured Creditors is a party to the settlement.

About MPC Corporation

Headquartered in Nampa, Idaho, MPC Corporation --
http://www.mpccorp.com-- sells personal computer and provides
computer software and hardware to mid-size businesses, government
agencies and education organizations.  MPC acquired Gateway
Professional Divison from Gateway Inc. and Gateway Technologies
Inc. in October 1, 2007.

MPC and eight of its affiliates filed for Chapter 11 protection on
November 6, 2008 (Bankr. D. Del. Lead Case No. 08-12667).  Richard
A. Robinson, Esq., at Reed Smith LLP, represents the Debtors in
their restructuring efforts.  The Debtor selected Focus Management
Group USA, LLC, as its financial advisors.  The United States
Trustee appointed seven members to the Official Committee of
Unsecured Creditors on November 25, 2008.  Hahn & Hessen LLP
represents the Committee.  As of June 30, 2008, the Debtors have
$258.3 million in total assets and $277.8 million in total debts


NAKNEK ELECTRIC: Files for Chapter 11 to Void Liens
---------------------------------------------------
Naknek Electric Association Inc. filed a Chapter 11 petition on
Sept. 29, 2010, in Anchorage, Alaska (Bankr. D. Alaska Case No.
10-00824).

Naknek Electric is a non-profit corporation supplying electric
power to Naknek, Alaska.  The association has a diesel-powered
electric generation plant with 591 customers who are members of
the cooperative.  The existing plant has a depreciated value of
$8.7 million.  The association is developing a geothermal plan
that would supply 60% of peak electric demands in summer.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the association filed for Chapter 11 to set aside
judgment liens.  In July, CoBank ACB recorded a judgment for $6.9
million. In the same month, Baker Hughes Oilfield Operations Inc.
recorded a $3.6 million judgment.  Both judgments became liens on
the association's property.

Mr. Rochelle also relates that the association already filed suit
in bankruptcy court seeking to set aside the judgment liens as
preferences.  The association relies on the theory that securing a
previously unsecured debt is a preference that the bankruptcy
judge can set aside as long as the security interest was obtained
within 90 days of bankruptcy.

According to Mr. Rochelle, the association also owes $3.1 million
to the Rural Utilities Service, an agency of the U.S. Department
of Agriculture.  The association says that the agency has a first
lien.


NAKNEK ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Naknek Electric Association, Inc.
        101 School Rd., P.O. Box 118
        Naknek, AK 99633

Bankruptcy Case No.: 10-00824

Chapter 11 Petition Date: September 29, 2010

Court: United States Bankruptcy Court
       Alaska (Anchorage)

Debtor's Counsel: Erik LeRoy, Esq.
                  ERIK LEROY P.C.
                  500 L Street, Suite 302
                  Anchorage, AK 99501
                  Tel: (907) 277-2006
                  E-mail: leroy@alaska.com

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

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

The petition was signed by Donna Vukich, general manager.

Debtor's List of 20 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
CoBANK ACB                Bank loan              $7,035,791
P O Box 5110
Denver, CO 80217-5110

Baker Hughes              trade                  $3,564,673
Business Support
P O Box 200415
Houston, TX 77216-0415

BJ Services               trade                  $892,884
PO Box 4346, Dept 393
Houston, TX 77210-4346

GBR Equipment Inc.        trade                  $339,561
6300 Petersburg
Anchorage, AK 99507

Weaver Bros.              trade                  $300,000
PO Box 2229
Kenai, AK 99611

Northern Air Cargo        trade                  $272,701
3900 Old Intn'l
Airport Rd
Anchorage, AK 99502

Tecton Geologic, LLC      trade                  $232,107
3883 Airway Dr., ste 340
Santa Rosa, CA 95403

NOV Rig Solutions         trade                  $219,147
PO Box 210202
Dallas, TX 75320-1202

National Oilwell          trade                  $210,500
Varco LP
PO Box 200838
Dallas, TX 75320-0838

Weatherford Drilling      trade                  $201,863
Services
PO Box 200019
Houston, TX 77216-0019

Tatonduk Outfitters Ltd   trade                  $197,705

Alaska Earth Science      trade                  $192,468

ThermaSource Inc.         trade                  $176,781

Bristol Bay Contractors   trade                  $166,389

Workstring Alaska         trade                  $164,640

BC Contractors            trade                  $123,602

TIW Corporation           trade                  $118,543

Centrifuge Services, LLC  trade                  $108,096

DHS Drilling Co.          trade                  $104,479

Chancellor Oil            trade debt             $103,780
Tools, Inc.


NEC HOLDINGS: To Close Lenexa Facility & Cut 206 Jobs
-----------------------------------------------------
Suzanna Stagemeyer, staff writer for Kansas City Business Journal,
reports that National Envelope Corp. is closing down its Lenexa
facility and laying off more than 200.

Business Journal relates Terry Fahn, a spokesman for the company's
owner, said in an e-mail response that the layoffs would be
phased.  A filing with the state of Kansas indicated that most of
the 206 layoffs would be effective by the Dec. 2 facility closing.

According to Business Journal, Mr. Fahn said National Envelope is
consolidating some facilities to try to "streamline the cost
structure of the business." The 178,000-square-foot Lenexa
facility, 16000 W. 108th St., is among the facilities that will be
shut down.  The Lenexa employees will be given the potential
opportunity to transfer to other National Envelope facilities.

                       About NEC Holdings

Uniondale, New York-based National Envelope Corporation --
http://www.nationalenvelope.com/-- is the largest manufacturer of
envelopes in the world with 14 manufacturing facilities and two
distribution centers and approximately 3,500 employees in the U.S.
and Canada.

NEC Holdings Corp., together with affiliates, including National
Envelope Inc., filed for Chapter 11 on June 10, 2010 (Bankr. D.
Del. Lead Case No. 10-11890).  Kara Hammond Coyle, Esq., at Young
Conaway Stargatt & Taylor LLP, serves as bankruptcy counsel.
David S. Heller, Esq., at Josef S. Athanas, Esq., and Stephen R.
Tetro II, Esq., at Latham & Watkins LLP, serve as co-counsel.  The
Garden City Group is the claims and notice agent.

NEC Holdings estimated assets and debts of $100 million to
$500 million in its Chapter 11 petition.

In September 2010, National Envelope was bought in a roughly
$208 million deal by The Gores Group LLC, a West Coast private
equity firm that manages about $2.9 billion of capital.


NEVADA GEOTHERMAL: Posts $18 Million Net Loss in Fiscal 2010
------------------------------------------------------------
Nevada Geothermal Power Inc. filed on October 4, 2010, its audited
annual financial statements for the fiscal year ended June 30,
2010.

The Company reported a net loss of $18.0 million on $11.8 million
of revenue for fiscal 2010, compared to a net loss of $5.1 million
on $0 revenue for fiscal 2009.  The net loss for fiscal 2010 was
mostly due to an increase in the interest expense of
$15.4 million.

The Company's balance sheet at June 30, 2010, showed
$187.3 million in total assets, $161.5 million in total
liabilities, and stockholders' equity of $25.8 million.

At June 30, 2010, the Company was not in compliance with all the
terms of its Trust Company of the West loan, and accordingly the
loan was classified as a short-term liability.  Consequently, as
at June 30, 2010, the Company had a working capital deficiency of
$145.8 million.  In addition, the Company's cumulative operating
losses and development costs have resulted in accumulated losses
totaling $35.4 million.

In the notes to the consolidated financial statements for the year
ended June 30, 2010, the Company discloses that although it has
successfully declared commercial operation at its Blue Mountain
power plant facility, there exists substantial doubt regarding the
going concern assumption since the Company has no track record of
operating profitably, and the Company must increase power
production to meet loan covenants, such as a covenanted interest
coverage ratio.

A full-text copy of the audited financial statements is available
for free at http://researcharchives.com/t/s?6c2e

A full-text copy of the Annual Management's Discussion and
Analysis is available for free at:

               http://researcharchives.com/t/s?6c2f

                   About Nevada Geothermal Inc.

Vancouver, B.C.-based Nevada Geothermal Power Inc.
-- http://www.nevadageothermal.com/-- was incorporated on April
13, 1995, under the laws of British Columbia and became a revenue
generating company during the second fiscal 2010 quarter, the
fourth calendar quarter of 2009.  The Company was in the
development stage until that point.  The Company's common shares
are traded on the TSX Venture Exchange under the trading symbol
NGP and on the OTC Bulletin Board in the United States under the
symbol NGLPF.

The Company is a generator of geothermal electrical power and a
developer of geothermal projects.  Nevada Geothermal's principal
operation is the Faulkner I power plant located in northern Nevada
("Blue Mountain").  Revenue is generated by the Company from
selling electrical power to NV Energy under a 20-year Power
Purchase Agreement.  The Company is also continuing its
exploration, evaluation and further development of other
geothermal property interests at Pumpernickel Valley, Black
Warrior and Edna Mountain in Nevada, as well as Crump Geyser in
Oregon.


OPUS EAST: Ch. 7 Trustee Wins Nod for Ciardi as Counsel
-------------------------------------------------------
Jeoffrey L. Burtch, the Chapter 7 Trustee of Opus East
Corp. and its affiliates, received authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Ciardi
Ciardi & Astin as his special counsel nunc pro tunc to March 6,
2010.

As previously reported, the Court approved the employment of
Young Conaway Stargatt and Taylor LLP as co-counsel to the
Chapter 7 Trustee.

The principal attorney responsible for the Young Conaway
engagement was John D. McLaughlin, Jr., who, effective March 6,
2010, became a partner in the Ciardi firm.

Mr. McLaughlin had substantial involvement in the early stages of
Opus East's case administration.  In this light, the Chapter 7
Trustee relates that it desires (i) that Mr. McLaughlin remain
available for discrete consultations, and (ii) that the Ciardi
Firm, which maintains a substantial office in the City of
Philadelphia, serve as the Chapter 7 Trustee's special litigation
counsel in a state receivership action initiated in the Court of
Common Pleas of Philadelphia County against real property owned
by 1919 Market Street Philadelphia LLC, a wholly owned asset of
Opus East.

Ciardi Ciardi will be paid for its service at its customary
hourly rates:

    Attorneys                    $225 to $525
    Paraprofessionals            $120 to $180

Mr. Laughlin assures the Court that his firm is a "disinterested
person" as the term is defined under Section 101(14) of the
Bankruptcy Code.

                          About Opus East

Rockville-based Opus East LLC has developed more than 13.3 million
square feet of space since starting operations in 1994.  It filed
for Chapter 7 liquidation in the U.S. Bankruptcy Court for the
District of Delaware.  Opus East LLC listed $100 million to
$500 million in debts, against $50 million to $100 million in
assets in its Chapter 7 petition.

Jeoffrey L. Burtch, the Chapter 7 Trustee of the Opus East, has
tapped Ciardi Ciardi & Astin as his special counsel.  Young
Conaway Stargatt and Taylor LLP is co-counsel to the Chapter 7
Trustee.


OPUS SOUTH: Trustee Wants Claim vs. Waters Edge Deemed Timely
-------------------------------------------------------------
Jeoffrey L. Burtch, Chapter 7 Trustee of Opus South Contractors
LLC, asks the Court to deem a certain contractor claim asserted
against Waters Edge One LLC as timely filed.

The Chapter 7 Trustee filed a proof of claim against Waters Edge
for an outstanding account receivable for $2,305,026 on August 5,
2010.

R. Grant Dick IV, Esq., at Cooch and Taylor P.A., in Wilmington,
Delaware, contends that Waters Edge would not be prejudice by the
Chapter 7 Trustee's request.  The length of the delay is also
negligible in terms of both the actual time and the status of the
proceedings, he asserts.

The Claims Bar Date for persons and entities holding a claim
against Waters Edge was established as January 20, 2010.  The Bar
Date Order required the service of the notice of the General Bar
Date via first class mail to all parties-in-interest.  The
Chapter 7 Trustee however relates that he did not receive the Bar
Date Notice and was unaware of the Bar Date until after it had
expired.

Representing the Chapter 7 Trustee, Mr. Dick asserts that the
Chapter 7 Trustee was not among the list of those who received
the Bar Date Notice.

Mr. Dick relates that on July 29, 2010, the Chapter 7 Trustee
contacted counsel for Executive Sounding Board Associates, Inc.,
the Liquidation Trustee for Waters Edge, to (i) report that it
did not receive proper notice of the General Bar Date and (ii)
seek that the Contractors' claim against the Waters Edge estate
be deemed as timely filed.

After providing counsel to the Liquidation Trustee with
information regarding the Contractors' claim and an exchange of
e-mails, counsel to the Liquidation Trustee however informed the
Chapter 7 Trustee that it would not agree to have the Claim
deemed timely filed.

                         About Opus South

Headquartered in Atlanta, Georgia, Opus South Corporation --
http://www.opuscorp.com/-- provides an array of real estate
related services across the United States including real estate
development, architecture & engineering, construction and project
management, property management and financial services.

The Company and its affiliates filed for Chapter 11 on April 22,
2009 (Bankr. D. Del. Lead Case No. 09-11390).  Victoria Watson
Counihan, Esq., at Greenberg Traurig, LLP, represents the Debtors
in their restructuring efforts.  The Debtors propose to employ
Landis, Rath & Cobb, LLP, as conflicts counsel, Chatham Financial
Corporation as real estate broker, Delaware Claims Agency LLC as
claims agent.  The Debtors have assets and debts both ranging from
$50 million to $100 million.

The U.S. Bankruptcy Court for the District of Delaware confirmed
the Chapter 11 Plan of Liquidation filed by Wachovia Bank,
National Association, as administrative agent, and certain lender
parties for Waters Edge One, L.L.C., one of the Opus South
Debtors, on February 18, 2010.

Opus South sought and obtained an order from the U.S. Bankruptcy
Court for the District of Delaware converting its case from
Chapter 11 to Chapter 7 of the Bankruptcy Code on August 27,
2010.

Roberta A. DeAngelis, the Acting U.S. Trustee for Region 3, has
appointed Jeoffrey L. Burtch as interim trustee of the Chapter 7
estate of Opus South Corp.


OPUS SOUTH: BofA Wants Lift Stay to Include Debtor as Defendant
---------------------------------------------------------------
By this motion, Bank of America, N.A. seeks a modification of the
automatic stay so that it may include Opus South Corporation as a
defendant in a pending foreclosure action against Debtor Nature
Coast Commons LLC, in Hernando County, Florida.

Nature Coast, as borrower; Opus South, as guarantor; and BofA, as
Lender, entered into an Amended and Restated Loan Agreement on
June 20, 2008, for the construction of certain improvements to a
Spring Hill, Florida retail center owned by Nature Coast.  The
Loan is evidenced by two currently outstanding Promissory Notes,
dated January 3, 2007, executed by Nature Cost and aggregating
$39,140,000.

In consideration of the Loan and as security for the Notes and
Nature Coast's obligations, Nature Coast entered into that (i) a
Mortgage, Assignment of Rents and Security Agreement dated as of
January 3, 2007, as amended by a Mortgage Modification and
Spreader Agreement dated as of November 15, 2007; and (ii) a
Guaranty Agreement dated as of January 3, 3007, executed by Opus
South as guarantor in favor of BofA.

Pursuant to the Loan Documents, Nature Coast granted BofA a first
lien and security interest on the Project, including, without
limitation, all related real estate and improvements and all of
its other assets including fixtures, cash, rents, issue, profits,
revenues and receivables generated by the Project.

BofA maintains that it properly perfected its interest in the
Collateral by filing financing statements, recording the
necessary Loan Documents, and taking other necessary actions.

Counsel to BofA, Stuart M. Brown, Esq., at Edwards Angell Palmer
& Dodge LLP, in Wilmington, Delaware, relates that as of the
Petition Date, the outstanding amount due on the Notes comprised
of principal and accrued interest in the amount of $29,735,971,
plus other amounts as may be due under the Loan Documents.

The Court previously entered an order granting BofA relief from
the automatic stay to, among other things, seek the appointment
in state court of a receiver to operate the Project.  An order
was subsequently entered by the Circuit Court of the Fifth
Judicial Circuit in and for Hernando County, Florida, on May 27,
2009, appointing Daren Rubenfeld as receiver of the Project.

Mr. Brown relates that despite the efforts of the Receiver to
solicit potential purchasers, no purchase offers were received
for the Project at an amount equal to or above the Indebtedness
owed to BofA under the Loan Documents, which by virtue of further
advances made to the Receiver by BofA continues to increase.

BofA thus filed a Motion for Modification of the Automatic Stay
in the Nature Coast on May 11, 2010, to allow it exercise its
rights and remedies under the Loan Documents, including to
continue prosecution of its pending foreclosure action against
Nature Coast in Hernando County, Florida.

Mr. Brown notes that no objections were asserted against the Lift
Stay Motion and the only substantive changes to the form of order
included a request by the Chapter 7 trustee to include language
that all interests of the Nature Coast estate in the Project were
abandoned.

A review of a Nature Coast report reveals that Opus South filed
several mechanics' liens for services which are listed as
interior improvements, site work, plumbing, electrical,
mechanical and drywall, Mr. Brown notes.

In light of these mentioned Opus South liens on Nature Coast, Mr.
Brown maintains that "all of the Mechanics' Liens are junior and
subordinate to [BofA's] lien pursuant to the Loan Documents."

                         About Opus South

Headquartered in Atlanta, Georgia, Opus South Corporation --
http://www.opuscorp.com/-- provides an array of real estate
related services across the United States including real estate
development, architecture & engineering, construction and project
management, property management and financial services.

The Company and its affiliates filed for Chapter 11 on April 22,
2009 (Bankr. D. Del. Lead Case No. 09-11390).  Victoria Watson
Counihan, Esq., at Greenberg Traurig, LLP, represents the Debtors
in their restructuring efforts.  The Debtors propose to employ
Landis, Rath & Cobb, LLP, as conflicts counsel, Chatham Financial
Corporation as real estate broker, Delaware Claims Agency LLC as
claims agent.  The Debtors have assets and debts both ranging from
$50 million to $100 million.

The U.S. Bankruptcy Court for the District of Delaware confirmed
the Chapter 11 Plan of Liquidation filed by Wachovia Bank,
National Association, as administrative agent, and certain lender
parties for Waters Edge One, L.L.C., one of the Opus South
Debtors, on February 18, 2010.

Opus South sought and obtained an order from the U.S. Bankruptcy
Court for the District of Delaware converting its case from
Chapter 11 to Chapter 7 of the Bankruptcy Code on August 27,
2010.

Roberta A. DeAngelis, the Acting U.S. Trustee for Region 3, has
appointed Jeoffrey L. Burtch as interim trustee of the Chapter 7
estate of Opus South Corp.


OPUS SOUTH: Greenberg Traurig Bills $774,392 for Work as Counsel
----------------------------------------------------------------
By virtue of the conversion of the case of Opus South Corporation
into a proceeding under Chapter 7, Greenberg Traurig LLP and
Landis Rath & Cobb LLP filed with the Court final fee
applications for services they rendered for Opus South's benefit
for the duration of its Chapter 11 case for the period from
April 22, 2009 through August 27, 2010:

                                               Fees    Expenses
Professional                Role             Sought    Sought
------------            --------------     ---------  ---------
Greenberg Traurig LLP   Opus South's        $774,392   $77,249
                         lead counsel

Landis Rath & Cobb LLP  Opus South's         $29,955      $622
                         conflicts counsel

Greenberg Traurig specifically seeks:

  -- fees, totaling $21,783, and reimbursement of expenses,
     totaling $620, for professional services rendered in July
     2010; and

  -- fees, totaling 20,154, and reimbursement of expenses,
     totaling $504, for professional services rendered in August
     2010.

Greenberg Traurig also asks the Court to grant it an allowed
administrative claim in the Chapter 7 case of Opus South for
$66,237 in fees and $1,124 in expenses.

Landis Rath, for its part, specifically seeks the allowance of
fees, totaling $3,376, and the reimbursement of expenses,
aggregating $55, for the period from February 1, 2010 through
August 27, 2010.

                         About Opus South

Headquartered in Atlanta, Georgia, Opus South Corporation --
http://www.opuscorp.com/-- provides an array of real estate
related services across the United States including real estate
development, architecture & engineering, construction and project
management, property management and financial services.

The Company and its affiliates filed for Chapter 11 on April 22,
2009 (Bankr. D. Del. Lead Case No. 09-11390).  Victoria Watson
Counihan, Esq., at Greenberg Traurig, LLP, represents the Debtors
in their restructuring efforts.  The Debtors propose to employ
Landis, Rath & Cobb, LLP, as conflicts counsel, Chatham Financial
Corporation as real estate broker, Delaware Claims Agency LLC as
claims agent.  The Debtors have assets and debts both ranging from
$50 million to $100 million.

The U.S. Bankruptcy Court for the District of Delaware confirmed
the Chapter 11 Plan of Liquidation filed by Wachovia Bank,
National Association, as administrative agent, and certain lender
parties for Waters Edge One, L.L.C., one of the Opus South
Debtors, on February 18, 2010.

Opus South sought and obtained an order from the U.S. Bankruptcy
Court for the District of Delaware converting its case from
Chapter 11 to Chapter 7 of the Bankruptcy Code on August 27,
2010.

Roberta A. DeAngelis, the Acting U.S. Trustee for Region 3, has
appointed Jeoffrey L. Burtch as interim trustee of the Chapter 7
estate of Opus South Corp.


OPUS WEST: Files Omnibus Claims Objections
------------------------------------------
Opus West Corp. and its affiliates delivered to the Bankruptcy
Court 52 separate omnibus objections to various claims in mid-
August 2010.

The Opus West Debtors dispute the allowance of the claims as
filed for reasons that the claims, among other things, were
asserted with priority status in an amount that exceeds the
amount authorized under Section 507 of the Bankruptcy Code; are
duplicative of other filed claims; were filed after the
expiration of the Claims Bar Date; or have already been
satisfied.

Several parties have submitted responses to the Debtors' Omnibus
Claims Objections.  They include:

  -- Coreslab Structures (Texas) Inc.,
  -- Maricopa County Arizona,
  -- Wells Fargo Bank, N.A.,
  -- Daniel T. Haug,
  -- Charles Vogel,
  -- Linnaea M. and James E. Godwin,
  -- Craig Zupancic,
  -- Carla Jo Clary,
  -- Vickie M. Sixta,
  -- Jason Caruthers,
  -- Claire C. Janssen, and
  -- R.L. Murphey Commercial Roof Systems, L.P.

                    About Opus West Corporation

Based in Phoenix, Arizona, Opus West Corporation is a full-service
real estate development firm that focuses on acquiring,
constructing, operating, managing, leasing and/or disposing of
real estate development projects primarily located in the western
United States.

Opus West and its affiliates filed for Chapter 11 on July 6, 2009
(Bankr. N.D. Tex. Case No. 09-34356).  Clifton R. Jessup, Jr., at
Greenberg Traurig, LLP, represents the Debtors in their
restructuring efforts.  Franklin Skierski Lovall Hayward, LLP, is
co-counsel to the Debtors. Pronske & Patel, P.C., is conflicts
counsel.  Chatham Financial Corp. is financial advisor.  BMC Group
is the Company's claims and notice agent.  As of May 31, Opus West
-- together with its non-debtor affiliates -- had $1,275,334,000
in assets against $1,462,328,000 in debts.  In its bankruptcy
petition, Opus West said it had assets and debts both ranging from
$100 million to $500 million.

Opus West joins affiliates that previously filed for bankruptcy.
Opus East LLC, a real estate operator from Rockville, Maryland,
commenced a Chapter 7 liquidation on July 1 in Delaware.  Opus
South Corp., a Florida condominium developer based in Atlanta,
filed a Chapter 11 petition April 22 in Delaware.


OPUS WEST: Bechthold & Sullivan Agree on Expungement of Claims
--------------------------------------------------------------
Opus West Corp. and its units entered into separate Court-approved
stipulations with Michael Sullivan and Ned Bechthold for the
disallowance of the Creditors' claims.

The Debtors previously scheduled Mr. Sullivan as having a claim
of $651,416 and Mr. Bechthold as having a claim for $590,425
against them.

The Debtors objected to the Claims in August 2010 on that basis
that the Claims should be equitably subordinated.

Pursuant to the Stipulations, the Claimants agreed not to burden
unsecured creditors by seeking compensation from the Debtors'
estates subject to the Debtors' withdrawal of their claim
objections.

The Debtors' claims objections allege that the Claimants engaged
in inequitable conduct or misconduct through breach of any
fiduciary duty, and aiding and abetting the breach of any
fiduciary duty.

                    About Opus West Corporation

Based in Phoenix, Arizona, Opus West Corporation is a full-service
real estate development firm that focuses on acquiring,
constructing, operating, managing, leasing and/or disposing of
real estate development projects primarily located in the western
United States.

Opus West and its affiliates filed for Chapter 11 on July 6, 2009
(Bankr. N.D. Tex. Case No. 09-34356).  Clifton R. Jessup, Jr., at
Greenberg Traurig, LLP, represents the Debtors in their
restructuring efforts.  Franklin Skierski Lovall Hayward, LLP, is
co-counsel to the Debtors. Pronske & Patel, P.C., is conflicts
counsel.  Chatham Financial Corp. is financial advisor.  BMC Group
is the Company's claims and notice agent.  As of May 31, Opus West
-- together with its non-debtor affiliates -- had $1,275,334,000
in assets against $1,462,328,000 in debts.  In its bankruptcy
petition, Opus West said it had assets and debts both ranging from
$100 million to $500 million.

Opus West joins affiliates that previously filed for bankruptcy.
Opus East LLC, a real estate operator from Rockville, Maryland,
commenced a Chapter 7 liquidation on July 1 in Delaware.  Opus
South Corp., a Florida condominium developer based in Atlanta,
filed a Chapter 11 petition April 22 in Delaware.


PETTERS GROUP: Trustee Sues Arrowhead to Recoup $105.4 Million
--------------------------------------------------------------
John Welbes at The Pioneer Press reports that Doug Kelley, the
court-appointed trustee handling the Petters corporate bankruptcy,
filed a lawsuit Tuesday to recoup $105.4 million in "false
profits" from Minnetonka-based Arrowhead Capital Management and
several related corporations that invested in the Tom Petters
Ponzi scheme.

The Pioneer Press reports that the lawsuit indicates that
Arrowhead and other companies were among the earliest investors in
the Petters scheme, starting in 1996.  The companies received $5.1
billion in gross transfers from Petters Co. Inc. and related
entities over the years, the lawsuit filed in federal court says.

According to the report, the lawsuit also names James N. Fry of
Orono as a defendant.  Mr. Fry was a managing partner or principal
in Arrowhead Capital Partners II and other firms named in the
suit.  He declined to comment when contacted Tuesday.

The report notes Arrowhead Capital Partners has indicated it had
more than $100 million in unsecured claims against Petters Co.
Inc. and other Petters-owned entities.

However, the report continues, an in-depth accounting of Petters'
businesses that lasted almost two years showed the money some
investors took out of the Ponzi scheme totaled more than what they
put in, according to Mr. Kelley.  The report relates lawsuits
against more than 200 net winners in the Petters scheme are
expected to be filed by early next week, when the statute of
limitations for such suits expires.  Targets include investors,
former employees and charities that received more cash from
Petters than they invested.

                  About Petters Group Worldwide LLC

Based in Minnetonka, Minnesota, Petters Group Worldwide LLC is
named for founder and chairman Tom Petters.  The group is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Petters formed the company in 1988.

Petters Company, Inc., is the financing and capital-raising unit
of Petters Group Worldwide, LLC.  Petters Company, Inc., Petters
Group Worldwide, LLC, and eight other affiliates filed separate
petitions for Chapter 11 protection (Bankr. D. Minn. Case No.
08-45257) on October 11, 2008.  James A. Lodoen, Esq., at
Lindquist & Vennum P.L.L.P., serves as the Debtors' counsel.
In its petition, Petters Company, Inc., estimated debts of between
$500 million and $1 billion, while its parent, Petters Group
Worldwide, LLC, estimated debts of not more than $50,000.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and
08-35198) on October 6, 2008 .  Petters Aviation, LLC is a
wholly owned unit of Thomas Petters Inc. and owner of
MN Airline Holdings, Inc., Sun Country's parent company.


PFG ASPENWALK: Gets Court's Interim Nod to Obtain DIP Financing
---------------------------------------------------------------
PFG AspenWalk, LLC, seeks authorization from the Hon. Robert J.
Kressel of the U.S. Bankruptcy Court for the District of Minnesota
to obtain postpetition secured financing from Bank of America,
N.A.

The Debtor is seeking to obtain up to $1,400,000 DIP financing,
which may be drawn on by the Debtor on a non-revolving basis to
fund costs associated with final Planned Unit Development of the
Development Project by the City of Aspen.  That DIP loan would
mature in twelve months, and will bear interest at an annual rate
of the 13%. Additionally, the DIP Lender will receive 5% of the
common equity interests in the Debtor.  A copy of the motion is
available for free at:

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

                 $132,000 Available on Interim

The Court has entered an interim order, allowing the Debtor to
access to draw $132,000 under the debtor-in-possession loan in
accordance with the stipulation reached by BofA and the Debtor.

A copy of the Stipulation is available for free at:

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

By October 8, 2010, the Debtor and the DIP lender will execute a
loan agreement in form and substance reasonably satisfactory to
Bank of America and consistent with the terms of the stipulation.

Adam D. Maier, Esq., at Leonard, Street And Deinard P.A.,
explained that the Debtor needs the money to fund its Chapter 11
case, pay suppliers and other parties.

Under the stipulation, the Debtor may grant Bank of America
replacement liens in the Debtor's postpetition assets of the same
type and nature as are subject to the prepetition liens of Bank of
America.  Except for the priming lien on the development property
granted to the debtor-in-possession lender, the liens will have
the same priority, dignity and effect as prepetition liens on the
prepetition property of the Debtor.  The replacement lien granted
by the Debtor will be deemed properly perfected without further
act or deed on the part of the debtor or Bank of America.

The Court has set a final hearing for October 13, 2010, at
10:00 a.m. on the Debtor's request to obtain DIP financing.

Minneapolis, Minnesota-based PFG AspenWalk, LLC, filed for Chapter
11 bankruptcy protection on September 23, 2010 (Bankr. D. Minn.
Case No. 10-47089).  Robert T. Kugler, Esq., at Leonard Street &
Deinard P.A., assists the Debtor in its restructuring effort.
According to its schedules, the Debtor disclosed $12,004,580 in
total assets and $7,535,608 in total liabilities as of the
Petition Date.


PFG ASPENWALK: Taps Leonard Street as Bankruptcy Counsel
--------------------------------------------------------
PFG Aspenwalk, LLC, asks for authorization from the U.S.
Bankruptcy Court for the District of Minnesota to employ Leonard,
Street and Deinard Professional Association as bankruptcy counsel.

Leonard Street will, among other things:

     (a) analyze the Debtor's financial situation and rendering
         advice and assistance in determining how to proceed,
         which has included advice, negotiation, and preparation
         of documents for a Chapter 11 filing;

     (b) assist in the preparation of filing the petition,
         exhibits, attachments, schedules, statements, and lists,
         first day motions, and other documents required by
         the U.S. Bankruptcy Code, the Bankruptcy Rules, the Local
         Rules or the Court in the course of this bankruptcy case;

     (c) represent the Debtor at the meeting of creditors; and

     (d) negotiate with creditors and other parties in interest.

Leonard Street will be paid based on the hourly rates of its
personnel:

         Robert T. Kugler, Shareholder                   $460
         Lara O. Glaesman, Associate                     $325
         Adam D. Maier, Associate                        $270

Robert T. Kugler, Esq., a shareholder of Leonard Street, assures
the Court that the firm is a "disinterested person," as that term
is defined in section 101(14) of the Bankruptcy Code, as modified
by section 1107(b) of the Bankruptcy Code.

Minneapolis, Minnesota-based PFG AspenWalk, LLC, filed for Chapter
11 bankruptcy protection on September 23, 2010 (Bankr. D. Minn.
Case No. 10-47089).  According to its schedules, the Debtor
disclosed $12,004,580 in total assets and $7,535,608 in total
liabilities as of the Petition Date.


POLYMER GROUP: Blackstone Deal Cues Moody's to Withdraw Ratings
---------------------------------------------------------------
Moody's Investors Service said Polymer Group, Inc.'s announcement
that it has entered into a definitive agreement to be acquired by
an affiliate of Blackstone Capital Partners V L.P. will likely
result in the withdrawal of Moody's ratings on PGI's existing bank
debt upon closing of the transaction.

The previous rating action on PGI occurred on July 28, 2009, when
Moody's affirmed the B1 Corporate Family Rating and assigned a Ba3
rating to PGI's new credit facility tranches.

Headquartered in Charlotte, North Carolina, PGI is one of the
world's leading producers of nonwoven materials.  The company
reported revenues of approximately $1.0 billion in the twelve
months ended July 3, 2010.


PRIMUS TELECOMMUNICATIONS: S&P Puts 'B-' Rating on Negative Watch
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it placed its ratings on
McLean, Va.-based Primus Telecommunications Group Inc. and related
entities, including the 'B-' corporate credit rating, on
CreditWatch with negative implications.  The action follows recent
disclosures by the company that its Board of Directors terminated
the employment of both the company's former President and CEO and
its former CFO.  The Board has filled both positions with acting
appointees.

Primus, a multinational provider of integrated telecommunications
services, reported approximately $244 million of debt outstanding
at June 30, 2010.

In resolving the CreditWatch, Standard & Poor's will evaluate what
impact, if any, the departure of these two key individuals may
have on the company's operational strategy and its financial
policies.


QOC I: Wants to Hire Cole Schotz as Co-Counsel
----------------------------------------------
QOC I LLC asks for authorization from the U.S. Bankruptcy Court
for the Southern District of Florida to employ Cole, Schotz,
Meisel, Forman & Leonard, P.A., as bankruptcy co-counsel, nunc pro
tunc to the Petition Date.

Cole Schotz will, among other things:

     a. attend meetings and negotiate with representatives of
        creditors and other parties-in-interest and advise and
        consult on the conduct of the Debtor's bankruptcy case,
        including all of the legal administrative requirements of
        operating in Chapter 11;

     b. advise the Debtor in connection with any contemplated
        sales of assets or business combinations, including the
        negotiation of sales promotion, liquidation, stock
        purchase, merger or joint venture agreements, formulate
        and implement bidding procedures, evaluate competing
        offers, draft appropriate corporate documents with respect
        to the proposed sales, and counsel the Debtor in
        connection with the closing of the sales;

     c. advise the Debtor in connection with postpetition
        financing and cash collateral arrangements, provide advice
        and counsel with respect to prepetition financing
        arrangements, and provide advice to the Debtor in
        connection with the emergence financing and capital
        structure, and negotiate and draft documents relating
        thereto; and

     d. advise the Debtor on matters relating to the evaluation of
        the assumption, rejection or assignment of unexpired
        leases and executor contracts.

Cole Schotz will be paid based on the hourly rates of its
personnel:

        Attorneys                         $195-$750
        Gerald Gline                        $690
        David Bass                          $550
        Legal Assistants                  $170-$235

Gerald H. Gline, Esq., a shareholder of Cole Schotz, assures
the Court that the firm is a "disinterested person," as that term
is defined in section 101(14) of the Bankruptcy Code, as modified
by section 1107(b) of the Bankruptcy Code.

Boca Raton, Florida-based QOC I LLC owns previously issued life
insurance policies purchased in the life settlement market.

QOC I filed for Chapter 11 bankruptcy protection on October 1,
2010 (Bankr. S.D. Fla. Case No. 10-40153).  The Debtor estimated
its assets and debts at $100 million to $500 million as of the
Petition Date.


QOC I: Wants to Use Wells Fargo's Cash Collateral
-------------------------------------------------
QOC I LLC asks for authorization from the U.S. Bankruptcy Court
for the Southern District of Florida to use $1,112,766 of Wells
Fargo Bank, National Association's cash collateral.

In May 2008, the Debtor, along with its parent, Q Opportunity
Corp., entered into that certain Loan and Security Agreement with
Wachovia Capital Markets, Inc., as administrative agent.  Wells
Fargo, as custodian, pursuant to which Wells Fargo's predecessor,
Wachovia Bank, National Association, agreed to advance
$120 million to the Debtor for the purchase of previously issued
life insurance policies.  The Debtor owed Wells Fargo $120 million
on account of the Loan and Security Agreement and approximately an
additional $15.2 million (as of August 31, 2010) on account of a
hedge breakage costs should the hedging agreement with Wells
Fargo be terminated and unwound.

The Debtor currently owns 283 Policies on 223 lives with a face
value of approximately $550 million.  The discounted current value
of the policies is at least $164,465,812 as of August 31, 2010.
The Policies comprising the Debtor's life settlement portfolio are
the Debtor's primary asset and the principal collateral securing
the obligations to Wells Fargo.

Glenn D. Moses, Esq., at Genovese Joblove & Battista, P.A.,
explains that the Debtor needs the money to fund its Chapter 11
case, pay suppliers and other parties.  Mr. Moses says that the
Debtor's value as a going concern, and to its stakeholders, is
dependent upon the use of the Cash Collateral to ensure that the
Debtor, through its servicer, Q Capital Strategies, is able to pay
pending premiums and any related costs and servicing charges to
Strategies in relation to the Policies.  The Debtor wants to use
the Cash Collateral to satisfy the premiums of approximately
$1.06 million that are due to be paid on or about October 1, 2010,
and to pay the October monthly servicing charges to Q Capital of
$35,375 and other obligations relating to the preservation/
monitoring of the collateral.

The Debtor will use the Cash Collateral pursuant to a weekly
budget, a copy of which is available for free at:

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

According to Mr. Moses, Wells Fargo is adequately protected by,
among other protections, an equity cushion of over $32,000,000, or
nearly 30%.

Boca Raton, Florida-based QOC I LLC owns previously issued life
insurance policies purchased in the life settlement market.

QOC I filed for Chapter 11 bankruptcy protection on October 1,
2010 (Bankr. S.D. Fla. Case No. 10-40153).  Glenn D. Moses, Esq.,
and Heather L Harmon, Esq., at Genovese Joblove & Battista, P.A.,
assist the Debtor in its restructuring effort.  The Debtor
estimated its assets and debts at $100 million to $500 million as
of the Petition Date.


QUALITY PROPERTIES: Case Summary & 5 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Quality Properties, LLC
        P.O. Box 2415
        Albertville, AL 35950

Bankruptcy Case No.: 10-42783

Chapter 11 Petition Date: October 1, 2010

Court: U.S. Bankruptcy Court
       Northern District of Alabama (Anniston)

Judge: James J. Robinson

Debtor's Counsel: Harry P. Long, Esq.
                  P.O. Box 1468
                  Anniston, AL 36202
                  Tel: (256) 237-3266
                  E-mail: hlonglegal@aol.com

Scheduled Assets: $6,255,000

Scheduled Debts: $6,932,388

A list of the Company's five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/alnb10-42783.pdf

The petition was signed by Jeffery A. Beck, managing partner.


RENEGADE HOLDINGS: Chinqua Penn Mansion Remains Open for Business
-----------------------------------------------------------------
Mary Dolan, writing for Media General's GoDanRiver.com, reports
that the Chinqua Penn Plantation remains open for business, after
the site was seized September 28 by U.S. Marshals.

As reported by the Troubled Company Reporter on September 30,
2010, Richard Craver at Winston-Sale Journal said federal agents
seized Chiqua Penn Plantation's operations after a lawsuit was
filed against owners Calvin Phelps and his wife Lisa Yamaoka
Phelps, by Gene Tarr, the bankruptcy examiner for Renedage
Holdings, et al.  The examiner asked a federal judge to approve
the creation of a trust for the plantation and its arts and
artifacts, or transfer its ownership to the Renegade debtors.  The
examiner said the lawsuit aims to void and recover "fraudulent
transfer of assets" from the tobacco companies that went to either
Mr. Phelps, his wife or the LLCs.  That transfer damaged the
tobacco companies by at least $8.1 million, Mr. Craver said.

GoDanRiver.com relates the 80-year-old mansion and its more than
20 acres of grounds continue to be open to visitors.  The site
continues to accept bookings for weddings and special events.

Peter Tourtellot, with Anderson, Bauman, Tourtellot and Vos, is
the bankruptcy trustee for Renegade Holdings, Renegade Tobacco and
Alternative Brands.

Mr. Phelps and his wife purchased Chinqua Penn in 2006 from N.C.
State University.

                       About Renegade Holdings

Renegade Holdings and two affiliates -- Alternative Brands, Inc.
and Renegade Tobacco Company -- filed for Chapter 11 protection on
Jan. 28, 2009 (Bankr. M.D. N.C. Lead Case No. 09-50140C).

ABI is a federally licensed manufacturer of tobacco products
consisting primarily of cigarettes and cigars.  RTC distributes
the tobacco products produced by ABI through wholesalers and
retailers in 19 states and for export.  ABI also is a contract
fabricator for private label brands of cigarettes and cigars which
are produced for other licensed tobacco manufacturers.

ABI and RTC are subsidiaries of RHI. The stock of RHI is owned
indirectly by Calvin A. Phelps through his ownership of the stock
of Compliant Tobacco, LLC which, in turn, owns all of the stock of
RHI which in turn owns all of the stock of RTC and ABI. Until his
resignation shortly before the June 26 hearing, Mr. Phelps was the
chief executive officer of all three companies.  All three of the
Debtors' have their offices and production facilities in
Mocksville, North Carolina.


RIVIERA HOLDINGS: Court Approves Incentive Program
--------------------------------------------------
The U.S. Bankruptcy Court granted Riviera Holdings' request to
implement a milestone incentive program, BankruptcyData.com
reports.  Approximately 60 employees and some officers participate
in the program and are eligible to receive quarterly and annual
cash awards based on achievement of predetermined financial
targets.

                        About Riviera Holdings

Riviera Holdings Corporation, through its wholly-owned subsidiary,
Riviera Operating Corporation, owns and operates the Riviera Hotel
& Casino located in Las Vegas, Nevada, which consists of a hotel
comprised of five towers with 2,075 guest rooms, including 177
suites, and which has traditional Las Vegas-style gaming,
entertainment and other amenities.

In addition, Riviera Holdings, through its wholly-owned
subsidiary, Riviera Black Hawk, Inc., owns and operates the
Riviera Black Hawk Casino, a casino in Black Hawk, Colorado and
has various non-gaming amenities, including parking, buffet-styled
restaurant, delicatessen, a casino bar and a ballroom.

Riviera Holdings together with the two affiliates filed for
Chapter 11 on July 12 in Las Vegas, Nevada (Bankr. D. Nev. Case
No. 10-22910).  Riviera Holdings estimated assets and debts of
$100 million to $500 million in its petition.  Thomas H. Fell,
Esq., at Gordon Silver, represents the Debtors in the Chapter 11
cases.  XRoads Solutions Group, LLC, is the financial and
restructuring advisor.  Garden City Group Inc. is the claims and
notice agent.


ROBERT LEACH: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Robert D. Leach
        30226 Corte Cantinia
        Temecula, CA 92591

Bankruptcy Case No.: 10-42023

Chapter 11 Petition Date: October 1, 2010

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

Judge: Ellen Carroll

Debtor's Counsel: Robert B. Rosenstein, Esq.
                  ROSENSTEIN & HITZEMAN
                  28600 Mercedes Street, Suite 100
                  Temecula, CA 92590
                  Tel: (951) 296-3888
                  Fax: (951) 296-3889
                  E-mail: robert@rosenhitz.com

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

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

A list of the Debtor's nine largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-42023.pdf

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Eliminator Custom Boats, Inc.         10-35393            08/11/10


ROSS NETWORK: Organizational Meeting to Form Panel on Oct. 8
------------------------------------------------------------
Tracy Hope Davis, United States Trustee for Region 2, will hold an
organizational meeting on October 8, 2010, at 2:00 p.m. in the
bankruptcy case of Ross Network, Inc., dba Print International.
The meeting will be held at the United States Trustee Meeting
Rooms, 80 Broad Street, 4th Floor, New York, NY 10004.

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.

Based in New York, Ross Network, Inc. -- http://www.printint.com-
- doing business as Print International, offers digital imaging,
cross-media publishing, and fulfillment services in the United
States, Canada, Europe, and the Asia-Pacific.  Its services
include pre-press and media asset management, offset printing,
bindery, finishing, distribution of various graphic communications
products, planning, digital photography, scanning, color
correction and retouching, creative retouching, page assembly, and
photo lab.  The Company's services also comprise repurposing of
digital data to CMYK and RBG outputs, data management and file
transmission, large format and digital large format printing for
out-of-home, and direct-to-plate technology, as well as intranet,
extranet, and e-commerce Web development.  Its clients include
corporate and advertising agency accounts in retail, direct mail,
outdoor advertising, fashion, eyewear, accessories, jewelry,
cosmetic, fragrance, liquor, automotive, high-tech, and financial
industries.

On July 21, 2010, an involuntary petition for liquidation under
Chapter 7 was filed against Ross Network, Inc., in the U.S.
Bankruptcy Court for the Southern District of New York.


ROTECH HEALTHCARE: Moody's Upgrades Corp. Family Rating to 'Caa1'
-----------------------------------------------------------------
Moody's Investors Service upgraded Rotech Healthcare, Inc.'s
corporate family rating and probability of default rating to Caa1
from Caa2 following the successful execution of $230 million of
senior secured notes due 2015.  In addition, Moody's upgraded
Rotech's senior subordinated notes rating to Caa2 from Caa3 and
confirmed the B1 rating on the senior secured notes.  These rating
actions conclude the review for possible upgrade initiated on
September 27, 2010.  The rating outlook is now stable.

                        Ratings Rationale

The Caa1 corporate family rating primarily reflects Moody's
concerns regarding refinancing risk, specifically, the November
2011 maturity of the majority of Rotech's senior subordinated
notes ($287 million outstanding).  Further, the company operates
in an industry which has faced significant Medicare reimbursement
cuts in the past and there is continued uncertainty around the
reimbursement environment and the potential for further negative
impact on oxygen and other home medical equipment providers.

Notably, Rotech's operating performance has improved due both to
cost cutting initiatives and increasing market share.  Moreover,
Moody's anticipates that Rotech will continue to de-lever modestly
over time through EBITDA growth.  Moody's believes the success of
the senior secured notes offering supports the likelihood that
Rotech will be able refinance the senior subordinated notes before
they come due.  However, a deterioration in the credit markets
could force Rotech to consider a distressed exchange.

                What Could Change the Rating -- Up

Upward rating pressure is likely should Rotech be able to
beneficially address concerns regarding its debt maturity profile.
Also influencing upward momentum would be market share gains and
ongoing cost control such that EBITDA and free cash flow exhibit
sustainable growth.

               What Could Change the Rating -- Down

If Rotech faces further significant reimbursement cuts that are
not likely to be offset by additional cost cutting measures or
market share gains, there could be downward pressure on the
ratings.  Moody's believes continued negative developments in the
industry would heighten refinancing risk.  Over the next several
months, if the company does not evidence any progress in
refinancing the senior subordinated notes, there could be downward
rating pressure.

Ratings Upgraded:

Rotech Healthcare, Inc.:

  -- Corporate Family Rating to Caa1 from Caa2;

  -- Probability of Default Rating to Caa1 from Caa2;

  -- $287 million senior subordinated notes due 2012 to Caa2
     (LGD5, 77%) from Caa3 (LGD5, 79%);

Rating Confirmed:

  -- $230 million senior secured first lien notes due 2015 at B1
     (LGD2, 19%);

The outlook is stable.

Moody's last rating action for Rotech was on September 27, 2010,
when Moody's placed the company's ratings under review for
possible upgrade.

Rotech, headquartered in Orlando, Florida, is one of the largest
providers of home medical equipment and related products and
services in the US, with a comprehensive offering of respiratory
therapy and durable home medical equipment and related services.
Rotech provides equipment and services in 48 states through
approximately 450 operating centers located primarily in non-urban
markets.  For the twelve months ended June 30, 2010, Rotech
reported revenue of approximately $493 million.


SANITARY AND IMPROVEMENT: Chapter 9 Case Summary & Creditors List
-----------------------------------------------------------------
Debtor: Sanitary and Improvement District #507 of Douglas County,
        Nebraska
        11506 Nicholas Street, Suite 100
        Omaha, NE 68154

Bankruptcy Case No.: 10-82794

Chapter 9 Petition Date: September 28, 2010

Court: U.S. Bankruptcy Court
       District of Nebraska (Omaha Office)

Debtor's Counsel: William L. Biggs, Jr., Esq.
                  GROSS & WELCH
                  2120 So. 72 Street
                  1500 Omaha Tower
                  Omaha, NE 68124
                  Tel: (402) 392-1500
                  Fax: (402) 392-8101
                  E-mail: bbiggs@grosswelch.com

Estimated Assets: $0 to $50,000

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

The petition was signed by Patrick G. Day, chairman.

Debtor's 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Lozier, Allan G./Dianne S. Lozier  Construction Fund    $1,400,880
TTEES                              Warrants
Allan G. Lozier Rev. Tr
636 Pershing Drive
Omaha, NE 68110

D.A. Davidson & Co.                Construction Fund     $604,590
1111 N. 102nd Court, Suite 300      Warrants
Omaha, NE 68114

Saylan, Steve                      Construction Fund     $371,224
Jacki Saylan JT TEN                Warrants
9738 Ascot Drive
Omaha, NE 68114-3846

Sommerhalder, Joy A. TTEE          Construction Fund     $313,355
Joy A. Sommerhalder Trust          Warrants
8523 Thackery Street, Apt. #9215
Dallas, TX 75225

Traudt, Mary L. TTEE               Construction Fund     $288,019
Mary L. Traudt Rev. Trust          Warrants
1390 Caxambas Court
Marco Island, FL 3415-6602

Reed, Robert A. Successor TTEE     Construction Fund     $153,610
                                   Warrants

Progressive Municipal Bond Fund    Construction Fund     $128,008
                                   Warrants

Censtate Financial Services        Construction Fund     $128,008
                                   Warrants

Reed, Betsy Jo Successor TTEE      Construction Fund     $115,207
                                   Warrants

Sheets, Donald J.                  Construction Fund      $76,805
                                   Warrants

McVey, William F.                  Construction Fund      $70,405
                                   Warrants

Peterson, Richard B. TTEE          Construction Fund      $64,004
                                   Warrants

Greenber Kreisberg, Elise Ann B.   Construction Fund      $64,004
Greenberg Revoc Trust              Warrants

Rich, Louis A. TTEE                Construction Fund      $64,004
                                   Warrants

Cizek, Ronald J. TTEE              Construction Fund      $64,004
                                   Warrants

Rich, Louis A. TTEE TTEE           Construction Fund      $61,232
                                   Warrants

Devereaux, Michael D. TOD Account  Construction Fund      $45,183
                                   Warrants

Saylan, Kevin A./marcy B. Saylan   Construction Fund      $44,803
                                   Warrants

Kreisberg, E.L. Freeman            Construction Fund      $43,150
Greenberg Mrtl Gst Non Exmp Trust  Warrants

Chomac LLC                         Construction Fund      $38,402
                                   Warrants


SAVANNAH OUTLET: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Savannah Outlet Shoppes, LLC
        655 Adirondack Lane
        Claremont, CA 91711

Bankruptcy Case No.: 10-42135

Chapter 11 Petition Date: October 4, 2010

Court: U.S. Bankruptcy Court
       Southern District of Georgia (Savannah)

Debtor's Counsel: Karen F. White, Esq.
                  COHEN POLLOCK MERLIN & SMALL PC
                  3350 Riverwood Parkway, Suite 1600
                  Atlanta, GA 30339
                  Tel: (770) 857-4812
                  Fax: (770) 857-4813
                  E-mail: kfwhite@cpmas.com

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

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

The petition was signed by Giuseppe Fusco, managing member.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Chatham Co. Tax Commissioner       Property Tax            $75,165
133 Montgomery Street, 1st Floor
P.O. Box 9827
Savannah, GA 31412

Morris & Templeton                 Trade Debt              $31,642
Insurance Agency, Inc.
P.O. Box 15088
Savannah, GA 31416-1788

Robert Markowitz Adv.              Trade Debt              $14,975
109 E. Montgomery Crossroads
Savannah, GA 31406-4732

Lamar Companies                    Trade Debt               $5,810

DSI Security Services              Trade Debt               $2,626

Georgia Power                      Utility Service -        $2,379
                                   Multiple Accts

City of Savannah Rev. Dept.        Utility Service          $1,833

Mike's Lawn & Landscaping          Trade Debt               $1,750

Lewis Color                        Trade Debt               $1,260

McCallar Law Firm                  Attorney Fees            $1,238

Atlantic Waste Services            Trade Debt               $1,213

Marlin Outdoor Advertising         Trade Debt                 $950

Morrison Chemical Co., Inc.        Trade Debt                 $454

AT&T                               Trade Debt                 $272

Metal Crafts, Inc.                 Trade Debt                 $260

Trugreen                           Trade Debt                 $235

Ziplocal                           Trade Debt                 $223

John Hallman                       Trade Debt                 $220

Catham Co. Tax Commissioner        Personal Property          $162
                                   Tax

Official Guides of Savannah        Trade Debt                 $100


SEA ISLAND: Starwood Presents $197.5 Million Competing Offer
------------------------------------------------------------
The Associated Press reports that Starwood Capital Group made a
formal offer to Sea Island Co. and its creditors Monday, the
deadline for potential buyers to give notice.  The AP relates
Starwood has pledged to buy Sea Island's resorts, golf courses and
private clubs for more than $197.5 million -- the sale price the
Debtor negotiated with a partnership of two equity firms, Oaktree
Capital Management of Los Angeles and Avenue Capital Group of New
York.

The auction is scheduled for October 11 at the Atlanta law office
of King & Spalding.

The AP notes Starwood's offer isn't surprising.  Starwood had made
a previous bid for Sea Island before its bankruptcy filing, and
last month it tried to enter a late bid of about $199 million for
the company that was rejected by a judge.

Sea Island has filed a bankruptcy-exit plan premised on the asset
sale.  Hearing to confirm the plan is slated for November 4.
Creditors have until October 29 to vote on the Plan.  Lenders
including Synovus Bank, Bank of America and Bank of Scotland would
recoup about $180 million, less than a third of outstanding loans.
Unsecured creditors would be paid shares from a pool totaling just
$3 million.  They include former Sea Island president Dennie
McCrary, who is owed about $27 million.  The Company estimates
that unsecured creditors, at best, would receive about 3 cents per
dollar owed to them.

A full-text copy of the amended and restated Disclosure Statement
is available for free at:

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

                         About Sea Island

St. Simons Island, Georgia-based Sea Island Company --
http://www.seaisland.com/-- aka Sea Island Shooting School, Sea
Island Yacht Club, Sea Island Stables, and Cabin Bluff, is a
private resort and real estate development company founded in
1926.  Sea Island Company owns and operates Sea Island Resorts,
featuring two of the world's most exceptional destinations: the
Forbes Five-Star Cloister at Sea Island and The Lodge at Sea
Island.  Sea Island is filing a Chapter 11 plan based upon 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.

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.  Donald
F. Walton, the U.S. Trustee for Region 21, appointed seven members
to the official committee of unsecured creditors in the Chapter 11
cases of Sea Island Company, et al.  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.

Affiliates Sea Island Coastal Properties, LLC; Sea Island
Services, Inc.; Sea Island Resort Residences, LLC; Sea Island
Apparel, LLC; First Sea Island, LLC; and Sical, LLC, filed
separate Chapter 11 petitions on August 10, 2010.


SEATTLE LANGUAGE: Files for Ch. 11; To Continue Classes This Fall
-----------------------------------------------------------------
Seattle Language Academy filed a Chapter 11 petition (Bankr. W.D.
Wash. Case No. 10-21915) in Seattle on October 5, 2010.

The Seattle Language Academy is a nonprofit school and one of the
city's leading providers of foreign-language instruction.  The
Debtor estimated assets of up to $50,000 and debts of $100,000 to
$500,000 in its Chapter 11 petition.

Carly Flandro, writing for The Seattle Times, reports that Wayne
Widdis, the corporation's general manager, said the filing will
give the school more space and time to try to survive.  According
to the report, Mr. Widdis estimates two to three months.  The
academy will continue its classes this fall, but after that, its
future is uncertain.

The school raised more than $100,000 last summer.


SENTINEL MANAGEMENT: Ex-Auditor Fined Over Securities Scandal
-------------------------------------------------------------
Bankruptcy Law360 reports that the U.S. Securities and Exchange
Commission has fined accounting firm Altschuler Melvoin & Glasser
LLP, finding it did not properly audit investment company Sentinel
Management Group Inc.

Without admitting guilt, the accounting firm and one of its former
partners G. Victor Johnson II agreed to pay a $24,176 fine and
abide by a cease-and-desist order, Law360 says.

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering
a variety of security solutions.  The Company filed a voluntary
Chapter 11 petition on August 17, 2007 (Bankr. N.D. Ill. Case No.
07-14987).  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represent the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represents the
Official Committee of Unsecured Creditors.  When the Debtor
sought bankruptcy protection, it estimated assets and debts
of more than $100 million.

On August 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq, at Jenner & Block LLP,
represent the Chapter 11 Trustee.

The Court confirmed a plan of liquidation for Sentinel on
December 15, 2008, and Mr. Grede is managing the liquidation.


SHANE CO: Can Send Reorganization Plan to Creditors for Vote
------------------------------------------------------------
Don Jeffrey at Bloomberg News reports that Shane Co. is sending
its bankruptcy reorganization plan to creditors for a vote.  U.S.
Bankruptcy Judge Howard Tallman, after a two-day hearing last
month, approved Shane's disclosure statement.

Shane Co. scheduled a Nov. 10 confirmation hearing for a plan that
proposes to pay secured and unsecured creditors in full, over
time.

According to Bill Rochelle, the bankruptcy columnist for Bloomberg
News, relates that Chief Executive Officer Thomas M. Shane is
deferring payment on more than $30 million in loans he made to the
company he controls.  By providing full payment to creditors, Mr.
Shane and family trusts will retain ownership.  Mr. Shane will
defer principal payments on a $10.5 million secured loan he
advanced to finance the Chapter 11 case.  He will likewise defer
payments on $20 million in pre-bankruptcy secured loans until
unsecured creditors have been paid.  Some of the deferred payments
to unsecured creditors will be secured by a second lien on
inventory.

Mr. Shane will loan the company half of any tax refunds he
receives as a result of the company's net operating losses.

                         About Shane Co.

Headquartered in Centennial, Colorado, Shane Co. --
http://www.shaneco.com/-- operates 20 jewelry stores.  The
Company filed for Chapter 11 protection on January 12, 2009
(Bankr. D. Col. Case No. 09-10367).  Gregg M. Galardi, Esq., at
Skadden, Arps, Slate, Meagher & Flom, LLP, serves as the Debtor's
counsel, and Caroline C. Fuller, Esq., at Fairfield and Woods,
P.C., serves as the Debtor's local counsel.  Cohen Tauber Spievack
& Wagner P.C. represents the Official Committee of Unsecured
Creditors.  The Debtor proposed Kurtzman Carson Consultants LLC as
its claims agent.  The Company filed formal lists showing assets
for $130 million and debt totaling $103 million, including $31.4
million owing on secured claims.


ST. GEORGE: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: St. George Hotel
        P.O. Box 9
        Volcano, CA 95689

Bankruptcy Case No.: 10-46365

Chapter 11 Petition Date: October 1, 2010

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

Judge: Thomas Holman

Debtor's Counsel: David Foyil, Esq.
                  18 Bryson Drive
                  Sutter Creek, CA 95685
                  Tel: (209) 223-5363

Estimated Assets: $0 to $50,000

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

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

The petition was signed by Gary Little, general partner.


STUYVESANT TOWN: Foreclosure Auction Moved; Lenders Work on Deal
----------------------------------------------------------------
Theresa Agovino, writing for Crain's New York Business, reports
that the foreclosure auction of Stuyvesant Town/Peter Cooper
Village -- slated for Monday -- has been postponed until next
week.  Sources told Crain's the senior lenders are working on a
deal to purchase a mezzanine loan held by a partnership led by
hedge fund billionaire William Ackman.

Ms. Agovino says it was unclear why CWCapital Asset Management --
the special servicer that represents the lenders who hold the $3
billion senior mortgage -- would buy the $300 million loan held by
the Ackman-led partnership, since it isn't necessary for the
foreclosure.  However, some speculated that owning the loan could
lessen the transfer or mortgage taxes that will eventually be owed
when CW sells the property.  Those taxes could total about $200
million.

Last week, Ms. Agovino reported that a panel of New York Appeals
court judges denied a bid by the Ackman-led joint venture to block
Monday's foreclosure sale.

Ms. Agovino notes Mr. Ackman's Pershing Square Capital Management
and Winthrop Realty Services over the summer bought the $300
million junior loan on Manhattan's largest housing complex for $45
million and had hoped to use their position to foreclose on the
property.  To date, their legal steps have been unsuccessful, but
there is still one case outstanding.  According to the Crain's
report, sources said any deal between the partnership and CW
Capital will have to be very carefully structured because they
don't want to raise city and state regulator's suspicions that it
was only done to avoid paying taxes.

Crain's relates Mr. Ackman didn't return a call and his spokesman
declined comment.  Crain's also says a spokesman for CW declined
comment on the reasons for the postponement of the foreclosure.
According to Crain's, the company said in a statement the
foreclosure would be held on Oct. 13 and that after taking control
it would appoint Rose Associates as the property's manager.

Crain's notes Rose has acting as a consultant since earlier this
year, when the Tishman Speyer-led partnership that bought the
complex for $5.4 billion in 2006 defaulted on a loan.  Until CW
takes over, Tishman Speyer will continue managing the complex.

Stuyvesant Town-Peter Cooper Village comprises 56 multi-story
buildings, situated on 80 acres, and includes a total of 11,227
apartments.  The loan sponsors, Tishman Speyer Properties, LP and
BlackRock Realty, acquired the property with the intent of
converting rent-stabilized units to market rents as tenants
vacated the property; however, the conversion of units has since
been determined to be illegal by the New York State Court of
Appeals.  In addition to the $3 billion securitized balance,
there is an additional $1.5 billion of mezzanine debt held
outside the trust.  As reported by the TCR on January 26, 2010, a
group led by Tishman Speyer Properties has decided to give up the
Peter Cooper Village and Stuyvesant Town apartment complex in
Manhattan to its creditors.  The decision comes after the venture
between Tishman and BlackRock defaulted on the $4.4 billion debt
used to help finance the acquisition of those properties.


T. TRAN: Case Summary & 8 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: T. Tran, Inc.
          dba Eden Mini Mall
        3864 Barcroft Lane
        Alexandria, VA 22312

Bankruptcy Case No.: 10-18194

Chapter 11 Petition Date: September 28, 2010

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Stephen S. Mitchell

Debtor's Counsel: Mark Christian Orndorff, Esq.
                  M. CHRISTIAN ORNDORFF, P.C.
                  6059-C Arlington Blvd.
                  Falls Church, VA 22044
                  Tel: (703) 536-3800
                  Fax: (703) 536-3802
                  E-mail: mcolaw@vacoxmail.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/vaeb10-18194.pdf

The petition was signed by Thuan Tran, president.


TERRY GALLIMORE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Joint Debtors: Terry Gallimore
               Rochelle C. Gallimore
                 aka Rochelle C Weber
               24233 Nottingham Court
               Valencia, CA 91355

Bankruptcy Case No.: 10-52373

Chapter 11 Petition Date: October 2, 2010

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

Judge: Barry Russell

Debtors' Counsel: Louis J. Esbin, Esq.
                  25129 The Old Road, Suite 114
                  Stevenson Ranch, CA 91318-2244
                  Tel: (661) 254-5050
                  Fax: (661) 254-5252
                  E-mail: Esbinlaw@sbcglobal.net

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

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

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


TIMOTHY MARTIN: Case Summary & 13 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Timothy Reeves Martin
        9226 Jollyville Rd. #151
        Austin, TX 78759

Bankruptcy Case No.: 10-12736

Chapter 11 Petition Date: September 29, 2010

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

Judge: H. Christopher Mott

Debtor's Counsel: Michael V. Baumer, Esq.
                  LAW OFFICE OF MICHAEL BAUMER
                  7600 Burnet Road, Suite 530
                  Austin, TX 78757
                  Tel: (512) 476-8707
                  E-mail: baumerlaw@baumerlaw.com

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

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

A list of the Debtor's 13 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-12736.pdf


TRUMP ENTERTAINMENT: Court Approves Settlement With Icahn
---------------------------------------------------------
As widely reported, U.S. Bankruptcy Court for the District of New
Jersey approved a global settlement that ends the disputes between
Carl Icahn and Donald Trump over the reorganization plan for Trump
Entertainment Resorts Inc.

Donald Wittkowski, writing for the Press of Atlantic City, reports
that Carl Icahn has withdrawn his appeal that had challenged a
U.S. Bankruptcy Court ruling in April giving control of the
company to a group of corporate bondholders aligned with Donald
Trump.  Trump Entertainment, in return, has agreed to drop all of
its litigation against Mr. Icahn.

The report notes Mr. Icahn sought to acquire Trump Entertainment
out of bankruptcy by converting the $486 million mortgage he holds
on the Trump casinos into ownership of the company.  A bankruptcy
judge sided with the Trump-backed bondholders in their $225
million buyout.  Bondholders have agreed to give Trump a minority
stake in the company in exchange for the continued use of his name
on the casinos.

                      About Trump Entertainment

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 protection on February 17, 2009
(Bankr. D. N.J., Lead Case No. 09-13654).  The Company has tapped
Charles A. Stanziale, Jr., Esq., at McCarter & English, LLP, as
lead counsel, and Weil Gotshal & Manges as co-counsel.  Ernst &
Young LLP is the Company's auditor and accountant and Lazard
Freres & Co. LLC is the financial advisor.  Garden City Group is
the claims agent.  The Company disclosed assets of $2,055,555,000
and debts of $1,737,726,000 as of December 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels' obtained the Court's
confirmation of its Chapter 11 plan on April 5, 2005, and in
May 2005, it exited from bankruptcy under the name Trump
Entertainment Resorts Inc.


TRUMP ENTERTAINMENT: Oct. 19 Hearing Set for Bondholders' Fees
--------------------------------------------------------------
Donald Wittkowski, writing for the Press of Atlantic City, reports
Bankruptcy Judge Judith H. Wizmur has scheduled an Oct. 19 hearing
in Camden, New Jersey, to consider the U.S. Trustee's request to
reject $19.5 million in legal and professional fees sought by
bondholders of Trump Entertainment Resorts Inc.  The bondholders
also want Trump Entertainment to reimburse them for $2.2 million
in fees paid to their financial adviser.

According to the report, the U.S. trustee says if the bondholders
are successful in having Trump Entertainment pay their fees, the
company will also be on the hook for $15 million in legal and
professional expenses incurred by Carl Icahn and his financial
partner.

                      About Trump Entertainment

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 protection on February 17, 2009
(Bankr. D. N.J., Lead Case No. 09-13654).  The Company has tapped
Charles A. Stanziale, Jr., Esq., at McCarter & English, LLP, as
lead counsel, and Weil Gotshal & Manges as co-counsel.  Ernst &
Young LLP is the Company's auditor and accountant and Lazard
Freres & Co. LLC is the financial advisor.  Garden City Group is
the claims agent.  The Company disclosed assets of $2,055,555,000
and debts of $1,737,726,000 as of December 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels' obtained the Court's
confirmation of its Chapter 11 plan on April 5, 2005, and in
May 2005, it exited from bankruptcy under the name Trump
Entertainment Resorts Inc.


TRUVO USA: Creditors Committee Lodges Support to Plan
-----------------------------------------------------
BankruptcyData.com reports that Truvo USA has reached an agreement
in principle with its official committee of unsecured creditors
and the coordinating committee of senior lenders concerning
certain modifications to the Debtors' proposed Chapter 11 Plan of
Reorganization.

Bdata says the Company announced its intentions to file with the
Court an amended plan and supplement to the disclosure statement
reflecting the terms of this agreement on or before October 5,
2010.  The Creditors Committee agrees to actively support and not
object to the amended plan.

                           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.


TRUVO USA: Bondholders to Get More Under New Plan
-------------------------------------------------
Joseph Checkler, writing for Dow Jones' Daily Bankruptcy Review,
reports that Truvo Group has struck a deal with its unsecured
creditors that would give them a greater recovery when the Company
exits from Chapter 11 protection.

According to DBR, the revised proposal:

     -- would increase to EUR20 million ($27.4 million) from
        EUR15 million the amount to be divvied up among holders of
        Truvo's high-yield bonds; and

     -- entitles the high-yield bondholders to:

        * warrants good for a higher percentage of the reorganized
          Truvo's shares than they would have previously received;
          and

        * cash good for 7.5% of Truvo's U.S. tax proceeds, if that
          money is available.

DBR notes the bondholders, owed $700 million, had been balking at
a restructuring plan that would put Truvo in the hands of its
senior lenders but would have provided the bondholders with a
recovery of just pennies on the dollar.  DBR relates that at a
hearing early last month, a lawyer for unsecured lawyers lashed
out at the "runaway train" timetable for the case and said Truvo's
Chapter 11 was being run simply to benefit senior lenders who are
getting much more substantial recoveries.

DBR relates that holders of the high-yield notes will get the
better recovery only if they vote for Truvo's new bankruptcy-exit
plan.

DBR relates that Truvo's committee of unsecured creditors, which
is representing the bondholders, has agreed to support the plan
and withdraw all litigation regarding it.

Judge Arthur Gonzalez was slated to decide at a Wednesday hearing
whether to allow Truvo to resolicit creditor votes on the amended
plan.

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 prior 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.

                         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.

The Unsecured Creditors' Committee is represented by Gregory M.
Petrick, Esq., Ingrid Bagby, Esq., and Sharon J. Richardson, Esq.,
at Cadwalader Wickersham & Taft LLP, in New York.

Truvo Luxembourg and its operating subsidiaries have not sought
protection under Chapter 11 protection or any other insolvency
regime.


TURKPOWER CORPORATION: MaloneBaley LLP Raises Going Concern Doubt
-----------------------------------------------------------------
TurkPower Corporation filed on October 4, 2010, its annual report
on Form 10-K/A for the fiscal year ended May 31, 2010.

MaloneBailey LLP, in Houston, Tex., expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has incurred losses
from operations and has a working capital deficit as of May 31,
2010.

The Company reported a net loss of $511,149 on $215,050 of
revenues for fiscal 2010, compared with a net loss of $12,130 on
$0 revenue for fiscal 2009.  The increase in revenue was due to
the Company commencing its business operations in Turkey in fiscal
2010.

A full-text copy of the Company's Form 10-K/A is available for
free at http://researcharchives.com/t/s?6c30

                   About TurkPower Corporation

New York-based TurkPower Corporation was incorporated in the State
of Delaware on November 4, 2004, as Global Ink Supply Company and
was organized for the purpose of forming a vehicle to pursue a
business combination.  On May 11, 2010, an amendment was filed
with the Secretary of State of Delaware to change the name of the
Company to TurkPower Corporation.  At this time, the Company is
engaged in the business of energy consulting and development, as
well as mining exploration and operation in Turkey.


UNITED CONTINENTAL: I. Walter Acquires UAL Shares
-------------------------------------------------
In a Form 4 filing with the Securities and Exchange Commission,
Isaacson Walter, a director at United Continental Holdings, Inc.,
disclosed that he acquired 823.13 derived share units of UAL
common stock on September 30, 2010.

Mr. Walter elected to defer $19,500 of retainer and meeting fees
for the third quarter 2010 in exchange for share units.  The
number of share units was determined by dividing $19,500 by
$23.69, the average of the high and low sale prices of a share of
the Company's common stock on September 30, 2010.

Delivery of a cash payment in settlement of the share units will
be made in January of the year following the calendar year in
which Mr. Walter ceases to be a director of the Company.

Mr. Walter beneficially owned 19,307.6 derived shares of UAL
common stock following the transaction.

                  About United Continental

United Continental Holdings, Inc. (NYSE: UAL) is the holding
company for both United Airlines and Continental Airlines.
Together with United Express, Continental Express and Continental
Connection, these airlines operate a total of approximately 5,800
flights a day to 371 airports throughout the Americas, Europe and
Asia from their hubs in Chicago, Cleveland, Denver, Guam, Houston,
Los Angeles, New York, San Francisco, Tokyo and Washington, D.C.
United and Continental are members of Star Alliance, which offers
more than 21,200 daily flights to 1,172 airports in 181 countries
worldwide through its 28 member airlines. United's and
Continental's more than 80,000 employees reside in every U.S.
state and in many countries around the world.For more information
about United Continental Holdings, Inc., go to
UnitedContinentalHoldings.com.  For more information about the
airlines, see http://www.united.com/and
http://www.continental.com/, and follow each company on Twitter
and Facebook.

United Continental carries 'B2' corporate family and probability
of default ratings, with stable outlook, from Moody's, 'B' issuer
credit ratings, with stable outlook, from Standard & Poor's, and
'B-' issuer default rating from Fitch.


UNITED CONTINENTAL: UAL Releases Corp. Responsibility Report
------------------------------------------------------------
United Airlines released its 2009-2010 Corporate Responsibility
Report, Every Action Counts(R): Making Lasting Connections,
highlighting the company's actions and commitments to promoting
environmental solutions, fueling social spirit, a sustainable
business agenda and measuring progress.

United is making tangible progress to improve environmental impact
by expanding its onboard recycling programs on U.S. routes,
promoting alternative fuels and advocating for regulatory change.
Customer satisfaction levels are strongly improving and the
company continues to support important programs that meet the
critical health care, educational and economic needs of the
communities United serves.

"In towns and cities across America and around the world, United
connects families and friends, colleagues and companies.  We help
drive tourism, generate business opportunities, and contribute to
economic growth and exports.  Most importantly, the actions we
take matter," said Glenn Tilton, United Airlines chairman and CEO.
"More is expected of us and we rise to that expectation with
commitment and a true sense of responsibility," continued Tilton.

    Among the highlights included in the report are:

              Path to Environmental Solutions

United develops and implements environmental programs in its
operations and collaborates with the industry to promote solutions
that have a positive impact on the environment - in the air, on
the ground and in our communities.

    - United flew the first flight by a U.S. commercial airline
      using natural gas synthetic jet fuel

    - United flew the first trans-Atlantic "Green Corridor"
      roundtrip flight on World Environment Day in 2010,
      reducing CO2 emissions by 20,000 pounds

    - United increased the number of its electric and
      alternative fuel vehicles in its ground service equipment
      fleet by 15 percent in 2009

                    Fueling Social Spirit

United connects with and supports the needs of its communities,
using its resources -- aircraft, people, and global network -- to
make a difference.  In 2009:

    - United flew seven relief missions for Haiti disaster
      relief, and transported more than 150,000 pounds of aid
      and relief supplies to Haiti

    - United increased its charitable contributions, providing
      more than $8.2 million in travel, monetary, and in-kind
      support to its community partner organizations

    - More than 196 million miles were donated to United's
      nonprofit partners through its Mileage Plus(R) Charity
      Miles Program

                 Sustainable Business Agenda

United is working to create a financially stable company by
improving its airline and focusing on the future.  Our people are
our biggest asset and empowering them is fundamental to making us
a leading airline.

    - More than 892,231 training and development courses were
      completed by employees through the United Learning Network
      in 2009

    - United's customer satisfaction scores rose nearly 20
      percent in 2009, while its Employee Courtesy Index jumped
      30 percent in two years

    - Frontline employees earned more than $34 million in
      performance bonuses tied directly to operational
      improvements

To access the Corporate Responsibility Report-Every Action Counts
(R): Making Lasting Connections online, please visit
united.com/responsibility or contact us directly at
crinfo@united.com

                  About United Continental

United Continental Holdings, Inc. (NYSE: UAL) is the holding
company for both United Airlines and Continental Airlines.
Together with United Express, Continental Express and Continental
Connection, these airlines operate a total of approximately 5,800
flights a day to 371 airports throughout the Americas, Europe and
Asia from their hubs in Chicago, Cleveland, Denver, Guam, Houston,
Los Angeles, New York, San Francisco, Tokyo and Washington, D.C.
United and Continental are members of Star Alliance, which offers
more than 21,200 daily flights to 1,172 airports in 181 countries
worldwide through its 28 member airlines. United's and
Continental's more than 80,000 employees reside in every U.S.
state and in many countries around the world.For more information
about United Continental Holdings, Inc., go to
UnitedContinentalHoldings.com.  For more information about the
airlines, see http://www.united.com/and
http://www.continental.com/, and follow each company on Twitter
and Facebook.

United Continental carries 'B2' corporate family and probability
of default ratings, with stable outlook, from Moody's, 'B' issuer
credit ratings, with stable outlook, from Standard & Poor's, and
'B-' issuer default rating from Fitch.


UNITED CONTINENTAL: Files Prospectus Supplements with SEC
---------------------------------------------------------
United Continental Holdings, Inc. filed two prospectus supplements
with the Securities and Exchange Commission with respect to the
Prospectuses dated December 1, 2008.

One supplement was with respect to an offering by United
Continental, formerly UAL Corporation, of up to 684,072 shares of
its common stock, par value $0.01 per share, that are issuable to
certain former employees of the company's wholly owned subsidiary,
Continental Airlines, Inc., upon the exercise of options granted
pursuant to the terms of (a) the Continental Airlines, Inc. 1997
Stock Incentive Plan, (b) the Continental Airlines, Inc. 1998
Stock Incentive Plan, (c) Continental Airlines, Inc. Incentive
Plan 2000, (d) the Continental Airlines, Inc. 2005 Broad Based
Employee Stock Option Plan and (e) the Continental Airlines, Inc.
2005 Pilot Supplemental Option Plan.
A full-text copy of the prospectus supplement may be accessed for
free at:

http://sec.gov/Archives/edgar/data/100517/000119312510221661/d424b
5.htm

The other supplement was with respect to an offering by United
Continental of up to 25,671,138 shares of company common stock,
par value $0.01 per share, that it may issue from time to time
upon the conversion of existing convertible securities of its
wholly owned subsidiary, Continental Airlines, Inc.  A full-text
copy of the prospectus supplement may be accessed for free at:

http://sec.gov/Archives/edgar/data/100517/000119312510221669/d424b
5.htm

On October 1, 2010, Continental became UAL's wholly owned
subsidiary as a result of a merger of its wholly owned subsidiary,
JT Merger Sub Inc., with and into Continental.  Upon effectiveness
of the merger, UAL's name was changed to "United Continental
Holdings, Inc." and each outstanding share of Continental Class B
common stock, par value $0.01 per share, was converted into the
right to receive 1.05 shares of UAL's Common Stock.

At the effective time of the merger, the Continental Benefit Plans
were assumed by UAL.  All options outstanding under the
Continental Benefit Plans at the effective time of the merger,
including outstanding options held by former Continental
employees, that were not otherwise settled upon the merger were
assumed by UAL and converted into options referenced by UAL's
Common Stock subject to the same terms and conditions applicable
to the corresponding Continental option, except that the number of
shares of Common Stock subject to each converted option is equal
to the product, rounded down to the nearest whole number of shares
of Common Stock, of (i) the number of shares of Continental Common
Stock subject to the corresponding Continental stock option and
(ii) 1.05.

The exercise price for each converted option is equal to the
applicable per share exercise price for the shares of Continental
Common Stock underlying the option, divided by 1.05.  The company
will receive the exercise price of stock options granted pursuant
to Continental Benefit Plans and held by former Continental
employees if and when the options are exercised.

On September 30, 2010, the last reported sale price of the Common
Stock on The NASDAQ Global Select Market under the symbol "UAUA"
was $23.66.  Beginning on October 1, 2010, the Common Stock will
be listed on The New York Stock Exchange under the symbol "UAL."

As of October 1, 2010, Continental has outstanding $174,950,000
aggregate principal amount of 5% Convertible Notes due 2023,
$247,732,000 aggregate principal amount of 6% Convertible Junior
Subordinated Debentures due 2030, and $230,000,000 aggregate
principal amount of 4.5% Convertible Notes due 2015.  Pursuant to
the terms of the indentures governing the Continental Convertible
Securities, UAL and Continental have entered into supplemental
indentures which provide that the Continental Convertible
Securities will be convertible, upon the terms and conditions
specified in the applicable indenture, into shares of Common
Stock.  The 5% Convertible Notes will initially be convertible
into Common Stock at a conversion price of approximately $19.0476
per share, the 6% Convertible Debentures will initially be
convertible at a conversion price of approximately $57.1429 per
share, and the 4.5% Convertible Notes will initially be
convertible into shares of Common Stock at a conversion rate of
approximately 52.8302 shares of Common Stock per $1,000 principal
amount (subject in each case to adjustments in the future and
payments in lieu of fractional shares in accordance with the terms
of the applicable indenture).  Other than with respect to the
conversion rights, the Continental Convertible Securities will
remain obligations solely of Continental.

United Continental will not receive any proceeds from the offering
of Common Stock under the prospectus supplement.

                  About United Continental

United Continental Holdings, Inc. (NYSE: UAL) is the holding
company for both United Airlines and Continental Airlines.
Together with United Express, Continental Express and Continental
Connection, these airlines operate a total of approximately 5,800
flights a day to 371 airports throughout the Americas, Europe and
Asia from their hubs in Chicago, Cleveland, Denver, Guam, Houston,
Los Angeles, New York, San Francisco, Tokyo and Washington, D.C.
United and Continental are members of Star Alliance, which offers
more than 21,200 daily flights to 1,172 airports in 181 countries
worldwide through its 28 member airlines. United's and
Continental's more than 80,000 employees reside in every U.S.
state and in many countries around the world.For more information
about United Continental Holdings, Inc., go to
UnitedContinentalHoldings.com.  For more information about the
airlines, see http://www.united.com/and
http://www.continental.com/, and follow each company on Twitter
and Facebook.

United Continental carries 'B2' corporate family and probability
of default ratings, with stable outlook, from Moody's, 'B' issuer
credit ratings, with stable outlook, from Standard & Poor's, and
'B-' issuer default rating from Fitch.


UNIVISION COMMUNICATIONS: S&P Puts 'B-' Rating on Positive Watch
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B-' corporate
credit rating for New York City-based Univision Communications
Inc., as well as all related issue-level ratings, on CreditWatch
with positive implications.

The CreditWatch placement follows the announcement that Grupo
Televisa S.A.B. will invest $1.2 billion in Univision and
contribute its 50% interest in TuTV in exchange for a 5% equity
stake in Univision and debentures convertible into an additional
30% equity stake in the future.  Additionally, the programming
license agreement expiration date will be extended to 2020 from
2017, with the potential to be extended to 2025 if certain
conditions are met.

Under the terms of the amended PLA, Univision will gain exclusive
U.S. Spanish-language digital rights to Televisa audiovisual
programming.  In exchange for the extension and expanded content
rights, royalty payments to Televisa will increase to 11.91% as a
percentage of revenue, from 9.36%.  In December 2017, the royalty
payment will increase to 16.22% of revenue.  December 2017 is the
current expiration of Univision's programming agreement with
Corporacion Venezolana de Television C.A., which S&P does not view
as strategically important to the company.

"In S&P's opinion, the announcement alleviates risks surrounding
the company's advantageous contract with Televisa, which S&P
believes supports its strong audience ratings, revenue, and high
EBITDA margins," noted Standard & Poor's credit analyst Heather
Goodchild.

Additionally, S&P views investment from a key strategic partner as
providing increased liquidity and flexibility to meet its maturing
obligations.  Despite the nominal increase in royalty payments,
S&P expects this could be more than offset by the potential
digital revenues that could be generated as a result of the
agreement.  Securing long-term content from Televisa could also
reduce Univision's need to invest in in-house programming
capabilities, which S&P regards as having uncertain returns.


VERASUN ENERGY: Aurora Coop Won't Repay for Sold Corn
-----------------------------------------------------
The Associated Press reports that the Aurora Cooperative, a
central Nebraska grain elevator cooperative, won't have to repay
for corn it sold to VeraSun Energy Corp.

According to the AP, the Aurora Cooperative said Tuesday it
successfully argued against repaying anything to VeraSun.  Last
week, lawyers representing the VeraSun bankruptcy trustee said
they would not pursue payments from individual farmers.

                       About VeraSun Energy

Headquartered in Sioux Falls, South Dakota, VeraSun Energy Corp.
-- http://www.verasun.com/or http://www.VE85.com/-- produces and
markets ethanol and distillers grains.  Founded in 2001, the
company has a fleet of 16 production facilities in eight states,
with 14 in operation.

The Company and certain affiliates filed for Chapter 11 protection
on October 31, 2008 (Bankr. D. Del. Case No. 08-12606).  Mark S.
Chehi, Esq., at Skadden Arps Slate Meagher & Flom LLP represents
the Debtors in their restructuring efforts.  AlixPartners LLP
serves as their restructuring advisor.  Rothschild Inc. is their
investment banker and Sitrick & Company is their communication
agent.  The Debtors' claims noticing and balloting agent is
Kurtzman Carson Consultants LLC.  The Debtors' total assets as of
June 30, 2008, was $3,452,985,000 and their total debts as of
June 30, 2008, was $1,913,214,000.

VeraSun closed on April 1, 2009, the sale of substantially all of
its assets to Valero Renewable Fuels, a subsidiary of Valero
Energy Corporation, North America's largest petroleum refiner and
marketer.  Valero paid $350 million for the ethanol production
facilities in Aurora, Fort Dodge, Charles City, Hartley and
Welcome, in addition to the Reynolds site.  Valero also
successfully bid $72 million for the Albert City facility and
$55 million for the Albion facility.

VeraSun also completed on April 9 the sale to AgStar Financial
Services PCA of substantially all of the assets relating to the
company's production facilities in Dyersville, Iowa; Hankinson,
North Dakota; Janesville, Minnesota; Central City and Ord,
Nebraska; and Woodbury, Michigan.  AgStar released the USBE
Subsidiaries from their obligations under $319 million of existing
indebtedness and assumed certain liabilities relating to the
AgStar Facilities.

Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware confirmed on October 23, 2009, the Chapter 11
Plan of Liquidation filed by VeraSun Energy Corporation and its
debtor affiliates.


VICTOR HERNANDEZ: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Joint Debtors: Victor P. Hernandez
               Lerma G. Hernandez
               2345 Jeffrey Road
               Camarillo, CA 93012

Bankruptcy Case No.: 10-15134

Chapter 11 Petition Date: October 4, 2010

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

Debtors' Counsel: James Studer, Esq.
                  1420 Los Angeles Avenue, Suite 203
                  Simi Valley, CA 93065
                  Tel: (805) 582-9191
                  Fax: (805) 830-0446
                  E-mail: jamesstuderesq@aol.com

Scheduled Assets: $2,758,850

Scheduled Debts: $0

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


VIEW ACRE: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: View Acre Meadows, LLC
        516 S.SE. Morrison, Suite 1000
        Portland, OR 97214

Bankruptcy Case No.: 10-39296

Chapter 11 Petition Date: September 29, 2010

Court: United States Bankruptcy Court
       District of Oregon

Judge: Randall L. Dunn

Debtor's Counsel: David B. Shannon, Esq.
                  TODD AND SHANNON, LLP
                  516 SE Morrison #1000
                  Portland, OR 97214
                  Tel: (503) 232-2600
                  E-mail: david.tslaw@gmail.com

Scheduled Assets: $3,112,000

Scheduled Debts: $2,905,000

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

The petition was signed by Richard W. Todd, managing member.


WASHINGTON MUTUAL: Files Amended Plan of Reorganization
-------------------------------------------------------
Washington Mutual, Inc. has filed with the United States
Bankruptcy Court for the District of Delaware an amended Plan of
Reorganization and Disclosure Statement.

The Plan and Disclosure Statement are premised upon consummating
an amended and restated global settlement agreement among WMI, the
Federal Deposit Insurance Corporation and JPMorgan Chase Bank,
N.A.  The terms of the Settlement are reflected in the Plan and
Disclosure Statement filed with the Bankruptcy Court.

The parties have agreed to modify the terms of the initial global
settlement agreement announced earlier this year in order to
address changed circumstances, including the appointment of an
examiner in connection with the Company's bankruptcy proceedings
and subsequent agreement with certain holders of indebtedness
issued by Washington Mutual Bank.

As previously announced, the Plan contemplates, among other
things, distribution of funds to holders of allowed claims against
the estate in excess of approximately $7 billion, including
approximately $4 billion of previously disputed funds on deposit
with JPMC.

WMI believes the Settlement will result in significant recoveries
for the estate's stakeholders and is in the best interests of the
estate.

The Bankruptcy Court will hold a hearing on October 18, 2010 to
consider approval of the Disclosure Statement. Following approval
of the Disclosure Statement, WMI will ask the Bankruptcy Court to
confirm the Plan.

The Disclosure Statement filed contains historical information
regarding WMI and certain of its affiliates, a description of
proposed distributions to creditors, an analysis of the Plan's
feasibility, as well as many of the technical matters required for
the solicitation process, such as descriptions of who will be
eligible to vote on the Plan and the voting process itself.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it disclosed assets of $32,896,605,516 and
debts of $8,167,022,695.  WMI Investment estimated assets of
$500,000,000 to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP, served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the Chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


YAIR LEVY: Bank to Set Rector Square Foreclosure Auction Date
-------------------------------------------------------------
Amanda Fung, writing for Crain's New York Business, last week said
Anglo Irish Bank Corp. is expected to soon set the date for the
foreclosure auction for all the unsold units of developer Yair
Levy's failed condo conversion, Rector Square in Battery Park
City.

Ms. Fung reports that Chris Sullivan, Esq., at Herrick Feinstein,
which represents Anglo Irish, said the 232 units, along with the
parking garage and commercial space in the residential tower,
located at 225 Rector Pl., will be auctioned off in a bulk sale on
Nov. 17.

Ms. Fung says Anglo Irish is owed roughly $135 million, according
to the court order filed Sept. 28.  The Crain's report notes Anglo
Irish has determined -- upon recommendation by a hired expert --
that the higher bid would be obtained if the building was sold as
one parcel, according to the court filing.  Only 72 units at the
building have been sold to date.

Related Cos. was appointed by Rector Square's receiver, Michael
Miller, to manage the property.  Crain's says the receiver is also
rumored to be interested in bidding on the site.  The new owner of
the building could choose to continue the conversion or maintain
it as a rental property.

Crain's notes the 45 tenants at Rector Square who are suing Mr.
Levy and other parties involved in the botched condo conversion
project for $100 million are anxiously awaiting the results of the
auction.  The decision on their lawsuit is still pending.  Marc
Held, Esq., at Lazarowitz & Manganillo, represents the Rector
Square tenants.

Crain's notes Anglo Irish was granted the right to foreclose on
the 304-unit Rector Square earlier this year.  In 2009, Mr. Levy's
development firm, YL Real Estate Developers, defaulted on its $165
million mortgage on Rector Square.  In its defense, YL Real Estate
claimed that Anglo Irish did not comply with its loan obligations,
which stalled the condo-conversion project.

Crain's also relates the New York attorney general's office filed
a lawsuit against Mr. Levy this summer, charging him with
defrauding condo purchasers out of about $7.4 million.  According
to that suit, the developer raided the building's reserve fund,
which was supposed to be used to ensure that repairs and
improvements were made at the building.


YONG AHN: Case Summary & 10 Largest Unsecured Creditors
-------------------------------------------------------
Joint Debtors: Yong Kun Ahn
               Sunnie Heon Ahn
               P.O. Box 23445
               Federal Way, WA 98093

Bankruptcy Case No.: 10-48160

Chapter 11 Petition Date: September 30, 2010

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

Judge: Paul B. Snyder

Debtor's Counsel: Masafumi Iwama, Esq.
                  IWAMA LAW FIRM
                  333 5th Ave S
                  Kent, WA 98032
                  Tel: (253) 520-7671
                  E-mail: matt@iwamalaw.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' 10 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/wawb10-48160.pdf



* Highland's Daugherty Says Technical Trade in Distressed Gone
--------------------------------------------------------------
The technical trade in distressed debt investing is over and
managers will have to take a more active role in order to gain the
high returns seen in the past, said Patrick Daugherty, partner at
Highland Capital Management LP, according to reporting by Jonathan
Keehner and Richard Bravo at Bloomberg News.

"It's fair to say the technical trade is long gone, and that was
driven by the liquidity crisis in late 2008 and early 2009," said
Mr. Daugherty, who heads distressed and private equity investments
at Dallas-based Highland Capital, speaking at Bloomberg LP's
Dealmakers Summit.

Bloomberg relates that distressed-debt and restructuring hedge
funds have returned 4% this year through August, according to
Hedge Fund Research Inc.  That compares with an average 1.45%
return for the overall hedge-fund industry in the same period,
according to the Chicago-based research firm.

The distressed-asset funds returned 28% last year, according to
HFR. Investors have placed $2.6 billion in such funds in the first
half of this year, according to the firm.  Distressed managers
have $111.5 billion in assets, according to HFR.


* BankUnited's CEO Says U.S. May Lose a Third of Its Banks
-----------------------------------------------------------
The United States may lose about a third of its banks as the
weakening economy weeds out the least healthy institutions, said
John Kanas, chief executive officer of BankUnited, according to
reporting by Dawn Kopecki and Zachary R. Mider at Bloomberg News.

"Most of us in the business think we probably need 5,000 and think
we are on our way to 5,000 as this cycle, if this is a cycle,
unfolds," Kanas, 63, said at the Bloomberg Dealmakers Summit in
New York last week.  "We simply chartered too many banks."

The Federal Deposit Insurance Corp. said it insured deposits at
7,830 financial institutions as of June 30.


* Consumer Bankruptcies Up 11% So Far in 2010, Says ABI
-------------------------------------------------------
U.S. consumers filed almost 1.2 million bankruptcies in the nine
months through Sept. 30, increase of 11% from a year earlier, and
the total may approach 1.6 million by year end, according to the
American Bankruptcy Institute.


* Bankruptcy Filings Rise in South Texas
----------------------------------------
Carolyn Vaughn, writing for Personal Finance Bulletin, reports
that the number of Chapter 11 bankruptcies reported rose 50% from
last year, at 9 this September, compared to 6 last September 2009.
Ms. Vaughn notes August held 7 reports of Chapter 11 cases.

Ms. Vaughn also relates South-Central Texas saw a drastic rise in
personal bankruptcy reorganizations filed, this recent month
showing an increase in 35% over last year.


* C. Scott Wilson Joins Huron Consulting Group
----------------------------------------------
C. Scott Wilson has joined Huron Consulting Group's Restructuring
& Turnaround practice as a Director in the Houston office.  Mr.
Wilson has more than 30 years of financial services experience
focused primarily in the energy industry.  He has worked with oil
and gas producers, gathering and transportation pipelines,
refineries, and oilfield service providers.  He has served as a
senior executive/director for public and privately-held oil and
gas exploration and production and oilfield service companies.

Prior to joining Huron, Mr. Wilson founded Wolfden Corporation, a
financial consulting firm focused on the energy sector.  Other
previous positions held include: president and CEO of United
Heritage Corporation, chief financial officer of Big Lake Services
Company, and senior-level positions at Sterling Bank (energy
lending group), CIBC World Markets (energy corporate
finance/underwriting & distribution), and First City National Bank
of Houston (petroleum & minerals division).

Mr. Wilson has a Master of International Management degree from
the Thunderbird School of Global Management and a Bachelor of Arts
degree from Ohio Wesleyan University.  He is a member of the
Independent Petroleum Association of America, Turnaround
Management Association and the Association for Corporate Growth.

Huron Consulting Group is a management consulting firm.


* Orrick and Akin Gump Cancel Merger Plans
------------------------------------------
Orrick Herrington & Sutcliffe and Akin Gump Strauss Hauer & Feld
have called off their merger plans, according to their joint
statement issued Monday.

"Orrick and Akin Gump [Akin Gump and Orrick] have mutually agreed
to conclude preliminary discussions regarding the possibility of a
merger," the statement said.  "The firms appreciated the
opportunity to have the discussions, which confirmed their mutual
respect for one another.  However, the firms have determined not
to proceed."

Orrick and Akin Gump declined to give details on why the deal fell
apart.

The Troubled Company Reporter on September 29, 2010, reported that
both firms entered preliminary merger talks.  According to The
Wall Street Journal's Law Blog, David Schaefer, a spokesperson for
Orrick, said: "Orrick and Akin Gump have held preliminary
discussions about the possibility of a merger. At this time, it is
premature and inappropriate to speak publicly in any detail about
the process."

Law Blog reported that Kathryn Holmes Johnson, a spokeswoman for
Akin, said, "Akin Gump and Orrick are in exploratory discussions
regarding the possibility of a merger."

Zach Lowe, writing for The Am Law Daily, said the combined firm
would have about 1,800 lawyers, according to the most recent Am
Law 100 headcount numbers.  Akin Gump had slightly higher profits
per equity partner of $1.455 million in 2009 compared to a PPP
figure of $1.36 million for Orrick, Mr. Lowe reported.

Hilary Potkewitz, writing for Crain's New York Business, reports
Orrick has been down the aisle several times over the past few
years, only to call things off short of the altar.  It nearly
merged with U.K.-based SJ Berwin in May 2010.  In 2006, it
approved a merger with New York-based Dewey Ballantine, but when
Dewey partners started exiting in advance of the deal's closing,
the firms cancelled the merger.


* Judge Kagan Dives Into Case on First Day With Supreme Court
-------------------------------------------------------------
Justice Elena Kagan began her Supreme Court tenure dealing with
bankruptcy, Dow Jones' DBR Small Cap reports.

According to the report, for the first Monday in October -- the
court's annual opening day -- the justices decided to weigh
whether Jason Ransom, a Las Vegas man who declared bankruptcy with
$82,000 in credit card debt, could shield $471 from his monthly
payment to creditors under the standard exemption for vehicle
ownership costs.   The report relates Justice Samuel Alito fired
off the first question at Ransom's attorney, Christopher Burke,
followed by volleys from Justices Ruth Bader Ginsburg, Antonin
Scalia and Stephen Breyer.

Seated at the far end of the bench, according to seniority,
Justice Kagan watched expectantly, wearing a slight smile,
following each question from her new colleagues, the report notes.

About fifteen minutes into the argument, she leaned forward, like
a new kid in class weighing whether to jump into the discussion,
the report adds.


* Chapter 11 Cases With Assets & Liabilities Below $1,000,000
-------------------------------------------------------------
Recent Chapter 11 cases filed with assets and liabilities below
$1,000,000:

In Re Juan Angelo
      Veronica Angelo
   Bankr. D. Nev. Case No. 10-28186
      Chapter 11 Petition filed September 25, 2010
         See http://bankrupt.com/misc/nvb10-28186.pdf

In Re C & S Trucking, LLC
   Bankr. N.D. Texas Case No. 10-46230
      Chapter 11 Petition filed September 25, 2010
         See http://bankrupt.com/misc/txnb10-46230.pdf

In Re Builder's Edge, Inc.
   Bankr. N.D. Ill. Case No. 10-42944
      Chapter 11 Petition filed September 26, 2010
         See http://bankrupt.com/misc/ilnb10-42944.pdf

In Re Jack L. Schofield, Jr.
      Janette T. Schofield
   Bankr. D. Nev. Case No. 10-28189
      Chapter 11 Petition filed September 26, 2010
         See http://bankrupt.com/misc/nvb10-28189.pdf

In Re Jack Friedman
        dba Tucson Coinless Laundry
      Janice Rose Friedman
       fka Janice Rose Rubin
   Bankr. D. Ariz. Case No. 10-30940
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/azb10-30940.pdf

In Re John Michael Powers, Sr.
      Melissa Jan Powers
   Bankr. D. Ariz. Case No. 10-30855
      Chapter 11 Petition filed September 27, 2010
         filed pro se

In Re Scott Allen Colletti
   Bankr. D. Ariz. Case No. 10-30869
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/azb10-30869.pdf

In Re Soundbites Restaurant, LLC
        fdba PHASE 54
   Bankr. D. Ariz. Case No. 10-30897
      Chapter 11 Petition filed September 27, 2010
         filed pro se

In Re CWC Architectural Woodworking, Inc.
        fka Colonial Woodcraft Incorporated
   Bankr. D. Conn. Case No. 10-23315
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/ctb10-23315p.pdf
         See http://bankrupt.com/misc/ctb10-23315c.pdf

In Re New Haitian Alliance Church of Boynton Beach, Inc.
   Bankr. S.D. Fla. Case No. 10-39163
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/flsb10-39163.pdf

In Re DeKalb Event Center, Inc.
        dba Mansion Elan Nightclub
   Bankr. N.D. Ga. Case No. 10-88430
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/ganb10-88430.pdf

In Re Whitney Todd Deutsch
   Bankr. N.D. Ind. Case No. 10-14198
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/innb10-14198.pdf

In Re 601 Ordinance Road, LLC
   Bankr. S.D. Iowa Case No. 10-04783
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/iasb10-04783.pdf

In Re A & A Machine Shopp II, Co.
   Bankr. E.D. Mich. Case No. 10-35196
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/mieb10-35196p.pdf
         See http://bankrupt.com/misc/mieb10-35196c.pdf

In Re Winding Road Ventures, Inc.
   Bankr. E.D. Mich. Case No. 10-69831
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/mieb10-69831p.pdf
         See http://bankrupt.com/misc/mieb10-69831c.pdf

In Re Alumni House, Inc.
   Bankr. S.D. Miss. Case No. 10-03377
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/mssb10-03377p.pdf
         See http://bankrupt.com/misc/mssb10-03377c.pdf

In Re JPM Realty, Inc.
   Bankr. M.D. Pa. Case No. 10-07868
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/pamb10-07868.pdf

In Re Henry Jason Ritchmond
        aka Jason Ritchmond
    Bankr. S.D. Texas Case No. 10-38435
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/txsb10-38435.pdf

In Re Brave General Contracting, LLC
   Bankr. E.D. Va. Case No. 10-74539
      Chapter 11 Petition filed September 27, 2010
         filed pro se

In Re Bellemonte Farms Corporation
    Bankr. W.D. Va. Case No. 10-51580
      Chapter 11 Petition filed September 27, 2010
         See http://bankrupt.com/misc/vawb10-51580.pdf

In Re Max Chris Monson
      Irene Murray Monson
    Bankr. D. Ariz. Case No. 10-31122
      Chapter 11 Petition filed September 28, 2010
         See http://bankrupt.com/misc/azb10-31122.pdf

In Re John Lawson Harris
      Kathy L. Harris
    Bankr. D. Colo. Case No. 10-34614
      Chapter 11 Petition filed September 28, 2010
         See http://bankrupt.com/misc/cob10-34614.pdf

In Re James Loyd Crockett
    Bankr. D. Ariz. Case No. 10-31333
      Chapter 11 Petition filed September 29, 2010
         See http://bankrupt.com/misc/azb10-31333.pdf

In Re Global Management, Inc.
    Bankr. D. D.C. Case No. 10-00964
      Chapter 11 Petition filed September 29, 2010
         See http://bankrupt.com/misc/dcb10-00964.pdf

In Re Rapid Graphix, Inc.
    Bankr. M.D. Fla. Case No. 10-17384
      Chapter 11 Petition filed September 29, 2010
         See http://bankrupt.com/misc/flmb10-17384.pdf

In Re Firehouse 66, Inc.
    Bankr. S.D. Ga. Case No. 10-21288
      Chapter 11 Petition filed September 29, 2010
         See http://bankrupt.com/misc/gasb10-21288.pdf

In Re One Poor Student, Inc.
        aka One Eyed Jake's
    Bankr. S.D. Iowa Case No. 10-04845
      Chapter 11 Petition filed September 29, 2010
         See http://bankrupt.com/misc/iasb10-04845.pdf

In Re The Summit Restaurant & Bar, Inc.
   Bankr. S.D. Iowa Case No. 10-04846
      Chapter 11 Petition filed September 29, 2010
         See http://bankrupt.com/misc/iasb10-04846.pdf

In Re David Wayne Fleetwood
      Kathleen Marie Fleetwood
    Bankr. D. Ariz. Case No. 10-31654
      Chapter 11 Petition filed September 30, 2010
         See http://bankrupt.com/misc/azb10-31654.pdf

In Re Humiston Inga & Company Inc.
    Bankr. C.D. Calif. Case No. 10-51994
      Chapter 11 Petition filed September 30, 2010
         See http://bankrupt.com/misc/cacb10-51994.pdf

In Re Mark Duncan Osborne
    Bankr. C.D. Calif. Case No. 10-52091
      Chapter 11 Petition filed September 30, 2010
         See http://bankrupt.com/misc/cacb10-52091.pdf

In Re American Sushi, LLC
        dba Sushi Itto
    Bankr. S.D. Calif. Case No. 10-17463
      Chapter 11 Petition filed September 30, 2010
         See http://bankrupt.com/misc/casb10-17463.pdf

In Re Odds & Ends Furniture, LLC
   Bankr. M.D. Fla. Case No. 10-23549
      Chapter 11 Petition filed September 30, 2010
         filed pro se

In Re US General Homes, Corporation
    Bankr. M.D. Fla. Case No. 10-23603
      Chapter 11 Petition filed September 30, 2010
         See http://bankrupt.com/misc/flmb10-23603.pdf

In Re 2413 Fisher, Inc.
    Bankr. S.D. Fla. Case No. 10-39789
      Chapter 11 Petition filed September 30, 2010
         See http://bankrupt.com/misc/flsb10-39789.pdf

                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


                  *** End of Transmission ***