TCR_Public/101013.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Wednesday, October 13, 2010, Vol. 14, No. 284

                            Headlines

2261 BROOKHOLLOW: Case Summary & 20 Largest Unsecured Creditors
AMERICAN APPAREL: Marketing Plan Yielded Strong Results
AMERICAN INTERNATIONAL: Amends Stock Purchase Deal with AIG Credit
ANDY CENTENO: Case Summary & 20 Largest Unsecured Creditors
ANV SECURITY: Posts $195,400 Net Loss in June 30 Quarter

ARMSTRONG WORLD: S&P Affirms 'BB' Corporate Credit Rating
AVALON OIL: Posts $265,300 Net Loss in June 30 Quarter
AVRAHAM SCHWARCZ: Case Summary & 20 Largest Unsecured Creditors
BENJI'S SPECIAL: Houston ISD Takes Over Operations
BOSTON GENERATING: Judge Chapman Approves Terms of Auction

BUCKEYE TECHNOLOGIES: Moody's Withdraws 'Ba2' Corp. Family Rating
BUCKINGHAM EXPLORATION: Manning Elliot Resigns as Auditor
CAKE MAN: Closed by NY Health Dept. Over Sanitary Violations
CALIFORNIA: To Sell, and Lease Back, Buildings in $2.33BB Deal
CARIBBEAN PETROLEUM: Proofs of Claim Due By Nov. 17

CHATEAU DE VILLE: Files Schedules of Assets & Liabilities
CHATEAU DE VILLE: Section 341(a) Meeting Scheduled for Nov. 3
CHEMTURA CORP: Seeks Court OK to Enter $5.6-Million Cleanup Deal
CIRCLE SHERMAN: Voluntary Chapter 11 Case Summary
CLEARWATER PAPER: S&P Affirms Corporate Credit Rating at 'BB'

COMMUNITY LENDING: Top-Hat Plan Payments May Be Disgorged
CONDERE CORPORATION: Fraziers Allowed $29,615 Claim, to Recoup 65%
CONFORCE INTERNATIONAL: Posts $279,989 Net Loss in June 30 Quarter
CROWDGATHER INC: Posts $615,900 Net Loss in July 31 Quarter
CYNERGY DATA: Committee Pursues $39-Mil. from Former Shareholder

D'AUR PROPERTIES: Voluntary Chapter 11 Case Summary
DAIRY PRODUCTION: Case Summary & 22 Largest Unsecured Creditors
DEBORAH HEART: Moody's Affirms 'B1' Rating on $22.8 Mil. Bonds
DIAMOND RANCH: Taps M&K CPAS as Independent Public Accountant
DRYSHIPS INC: Delivers M/V Xanadu to New Owners for $33.7 Million

DUNE ENERGY: Amends Employee Severance Plan
ELITE PHARMACEUTICALS: Posts $4.8-Mil. Net Loss in June 30 Quarter
ENERJEX RESOURCES: Earns $1 Million in June 30 Quarter
ENERGY FUTURE: Moody's Downgrades Corp. Family Rating to 'Caa2'
GALP CNA: Voluntary Chapter 11 Case Summary

GENERAL MOTORS: Moody's Assigns 'Ba2' Corporate Family Rating
GENTA INC: Awards Grants Under 2009 Stock Incentive Plan
GENTA INC: Conversion Price for Adjusted Notes Reduced to 10%
GREAT ATLANTIC: Talking to Restructuring Advisers
GSI GROUP: Posts $71.3 Million Net Loss in 2009

HD BUSINESS: Case Summary & 10 Largest Unsecured Creditors
HSF HOLDINGS: Two Catamarans Sold for $50 Million
IA GLOBAL: Posts $200,800 Net Loss in June 30 Quarter
IMAGEWARE SYSTEMS: Extends Promissory Note Due Date to December 30
INTERNATIONAL GARDEN: Gets Interim Nod to Obtain DIP Financing

INTERNATIONAL GARDEN: Gets Nod to Hire Garden City as Claims Agent
INTERNATIONAL GARDEN: Wants Additional 30 Days to File Schedules
JASMINE APARTMENTS: Case Summary & 3 Largest Unsecured Creditors
JMG EXPLORATION: Posts $16,827 Net Loss in June 30 Quarter
KENDYL JACOX: Voluntary Chapter 11 Case Summary

LARRY LESLIE: Case Summary & Largest Unsecured Creditor
MARK SPARROW: Case Summary & 9 Largest Unsecured Creditors
MARSICO PARENT: Cut by S&P to 'CC' as Debt Restructuring Starts
MERUELO MADDUX: Can Access Cash Collateral Until January 31
MERUELO MADDUX: Wants More Time to Obtain Plan Outline Approvals

METRO-GOLDWYN-MAYER: Lions Gate Presents New Merger Offer
MILBANK REAL ESTATE: Would-Be Buyer of Bronx Buildings Backs Out
MMHJ INVESTMENTS: Case Summary & 2 Largest Unsecured Creditors
MNE BROADCASTING: Case Summary & 18 Largest Unsecured Creditors
MOVIE GALLERY: Seeks Probe Into Former Worker's Conduct

MPI AZALEA: Affiliate Files Schedules of Assets and Liabilities
MPI AZALEA: Wants Properties Sale and Plan Funding Approved
NALINI INVESTMENTS: Case Summary & 5 Largest Unsecured Creditors
NATIONAL BENEVOLENT: 8th Cir. Keeps Weil Malpractice Suit Alive
NEFF CORP: GE Capital is Co-Agent for $175-Mil. Exit Revolver

NEW JERSEY: Transport Trust Fund Faces Liquidity Crunch
NORTHBROOK DEVELOPMENT: Wants Until February 4 to File Ch. 11 Plan
OLD COLONY: Case Summary & 20 Largest Unsecured Creditors
OMEGA MINISTRIES: Voluntary Chapter 11 Case Summary
ONE VISION PARK: Ohayon Has Small Chance of Prevailing on Appeal

OTC HOLDINGS: Committee Taps Ashby & Geddes as Delaware Counsel
OTC HOLDINGS: Committee Taps Cooley LLP as Lead Bankruptcy Counsel
OTC HOLDINGS: Direct Fee Appointed as Chapter 11 Fee Examiner
OTC HOLDINGS: U.S. Trustee Forms 7-Member Creditors Committee
PARK AVENUE BANK: Former CEO Enters Guilty Plea

PAUL SHARFF: Files Bankruptcy Protection for the Second Time
PETTERS GROUP: Trustee Sues JPMorgan Chase, Ritchie Capital
PIEDMONT CONSTRUCTION: Case Summary & 12 Largest Unsec. Creditors
POINT BLANK: Says Buyers Inspecting Financial Documents
PREMIER GENERAL: Chapter 11 Reorganization Case Dismissed

QSGI INC: To Merge with KruzeCom LLC Under Chapter 11 Plan
RADIO SYSTEMS: S&P Affirms Corporate Credit Rating at 'B'
RENASCENT INC: Section 341(a) Meeting Scheduled for Nov. 1
RENASCENT INC: Taps Binney Law Firm as Bankruptcy Counsel
ROTECH HEALTHCARE: Completes Offering of $230 Million Sr. Notes

RW LOUISVILLE: Files for Chapter 11 in Kentucky
RW LOUISVILLE: Case Summary & 20 Largest Unsecured Creditors
SCHUTT SPORTS: Wants Riddell Cited for Contempt
SEA ISLAND: Rival Bidders Unite to Make $212.4MM Final Bid
SENECA GAMING: Moody's Downgrades Corp. Family Rating to 'B1'

SHAFER PLAZA: Case Summary & 10 Largest Unsecured Creditors
SHERIDAN GROUP: S&P Puts 'B' Rating on CreditWatch Negative
SPONGETECH DELIVERY: Trustee Wants Case Converted to Chapter 7
SPRING CREEK: Only Ch. 7 Trustee Has Standing to Pursue Complaint
STEPHEN YELVERTON: Alimony Claim Derails Plan; Case Converted

STARNES CUSTOM: Case Summary & 12 Largest Unsecured Creditors
SUK HEE SUH: U.S. Trustee Wants Chapter 11 Trustee Appointed
SUNWEST MANAGEMENT: Investors Bring Class Suit v. K&L and Thompson
TAYLOR & BISHOP: Case Summary & 17 Largest Unsecured Creditors
TEXAS RANGERS: Cuban Files $2.65MM Substantial Contribution Claim

THOMPSON PUBLISHING: Ableco Finance Objects to Expedited Sale
TKR PROPERTY: Voluntary Chapter 11 Case Summary
TRAVELPORT LLC: Moody's Affirms 'B2' Corporate Family Rating
TREVOR DAVIS: Grubb & Ellis to Sell $25MM Defaulted Loan
TRIANGLE MANAGEMENT: Case Summary & 18 Largest Unsecured Creditors

TRIBUNE COMPANY: Committee Expands Settlement on 2007 LBO
ULTIMATE ESCAPES: October 18 Auction Pushes Through
UNI CORE: Albert Wong Raises Going Concern Doubt
UTE MESA: U.S. Trustee Unable to Form Creditors Committee
WASHINGTON MUTUAL: Examiner's Full Report to Be Filed Nov. 1

WAYNE ANDERSON: Case Summary & 20 Largest Unsecured Creditors
WEBSAFETY INC: Posts $856,100 Net Loss in June 30 Quarter
WECK CORP: Creditors Have Until Nov. 30 to File Proofs of Claim
WECK CORP: Committee Taps Lowenstein Sandler as Bankruptcy Counsel
WECK CORP: Committee Wants BDO Consulting as Financial Advisor

WENTWOOD ROLLINGBROOK: Voluntary Chapter 11 Case Summary
WENTWOOD ROUNDHILL: Voluntary Chapter 11 Case Summary
WHITE RIVER: Files for Chapter 11 Bankruptcy Protection
YELLOWSTONE CLUB: Co-Founder Accuses Judge of 'Myriad Misdeeds'

* Upcoming Meetings, Conferences and Seminars

                            *********

2261 BROOKHOLLOW: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: 2261 Brookhollow, L.P.
        aka The Centre at Brookhollow
        2261 Brookhollow Plaza Drive
        Arlington, TX 76006

Bankruptcy Case No.: 10-46511

Chapter 11 Petition Date: October 4, 2010

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: Joseph F. Postnikoff, Esq.
                  GOODRICH POSTNIKOFF & ALBERTSON, LLP
                  777 Main St., Suite 1360
                  Ft. Worth, TX 76102
                  Tel: (817) 347-5261
                  Fax: (817) 335-9411
                  E-mail: jpostnikoff@gpalaw.com

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

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

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txnb10-46511.pdf

The petition was signed by Steffen E. Waltz, president of Ampro
Equities, Inc., general partner.


AMERICAN APPAREL: Marketing Plan Yielded Strong Results
-------------------------------------------------------
MXenergy Holdings Inc. held on September 30, 2010, a conference
call to discuss the financial results of the Company for its
fiscal year ended June 30, 2010.

Jeffrey Mayer, president and CEO, said, "Fiscal 2010 was an
eventful year for us.  As we entered the year, we were negotiating
with lenders and bondholders to replace our existing credit and
commodity hedge facilities and to restructure our outstanding 2011
senior unsecured floating rate notes.  June 30, 2010, marked nine
months since the completion of our debt and equity restructuring
in September, 2009, what we refer to in this call as the
Restructuring."

"After completing the Restructuring, we immediately focused on
expanding our marketing channels to first stabilize and then grow
our customer base.  I am pleased to report that our marketing plan
has yielded strong results.  Not only did we return to normal
marketing activities, using our traditional marketing channels, we
also expanded into new markets and implemented new approaches to
build brand awareness."

Mr. Mayer added that the Company's customer base increased 51,000
RCEs, or 9%, during fiscal year 2010 to 606,000 RCEs at the end of
June.  The increase is attributable to strong growth in the
electricity business, which increased by 91,000 RCEs, or 111%, to
a total of 173,000, while our natural gas segment suffered a
decline of about 40,000 RCEs, or approximately 8%.

The Company, Mr. Mayer also said, expanded its geographic
footprint by entering the PJM service area in Pennsylvania behind
PPL Electric Utilities.  As of June 30, 2010, the Company was
serving approximately 56,000 RCEs in this new territory.  In June,
the Company also entered the BG&E electricity service territory in
Maryland, where it already serves natural gas customers.

Mr. Mayer concluded, "As we begin our 2011 fiscal year, we will
continue to look for opportunities to grow in our existing
markets, identify potential new territories to enter, and evaluate
acquisition opportunities for customer portfolios that are
consistent with our overall business objectives.  We believe that
as of June 30, 2010, we have sufficient liquidity under the
commodity supply facility with RBS Sempra to meet these growth
objectives."

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

               http://ResearchArchives.com/t/s?6c5c

                      About MxEnergy Holdings

MxEnergy Holdings Inc. was founded in 1999 as a retail energy
marketer.  The two principal operating subsidiaries of Holdings
are MxEnergy Inc. and MxEnergy Electric Inc. which are engaged in
the marketing and supply of natural gas and electricity,
respectively.  Holdings and its subsidiaries operate in 39 market
areas located in 14 states in the United States and in two
Canadian provinces.

MXEnergy reported $202.02 million in total assets, $115.07 million
in total liabilities, and stockholders' equity of $86.95 million
as June 30, 2010.

MxEnergy carries 'Caa3' long term corporate family and 'Ca/LD'
probability of default ratings from  Moody's Investors Service.


AMERICAN INTERNATIONAL: Amends Stock Purchase Deal with AIG Credit
------------------------------------------------------------------
American International Group Inc. entered into an Amendment No. 2
to the Series C Perpetual, Convertible, Participating, Preferred
Stock Purchase Agreement, dated as of March 1, 2009, with the AIG
Credit Facility Trust and the Trust executed a Written Consent, in
each case, in order to permit AIG to conduct one or more public or
private exchange offers for its outstanding Equity Units.

A full-text copy of the Amended Purchase Agreement is available
for free at http://ResearchArchives.com/t/s?6c5d

A full-text copy of the Written Consent is available for free
at http://ResearchArchives.com/t/s?6c5e

                             About AIG

American International Group, Inc. -- http://www.aig.com/-- is an
international insurance organization with operations in more than
130 countries and jurisdictions.  AIG companies serve commercial,
institutional and individual customers through one of the most
extensive worldwide property-casualty networks of any insurer. In
addition, AIG companies are leading providers of life insurance
and retirement services around the world.  AIG common stock is
listed on the New York Stock Exchange, as well as the stock
exchanges in Ireland and Tokyo.

In September 2008, AIG experienced a liquidity crunch when its
credit ratings were downgraded below "AA" levels by Standard &
Poor's, Moody's Investors Service and Fitch Ratings.  AIG almost
collapsed under the weight of bad bets it made insuring mortgage-
backed securities.  The Company, however, was bailed out by the
Federal Reserve, but even after an initial infusion of
$85 billion, losses continued to grow.  The later rescue packages
brought the total to $182 billion, making it the biggest federal
bailout in U.S. history.

AIG has been working to protect and enhance the value of its key
businesses, execute an orderly asset disposition plan, and
position itself for the future.  AIG has sold a number of its
subsidiaries and other assets to pay down loans received from the
U.S. government, and continues to seek buyers of its assets.


ANDY CENTENO: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Andy Centeno
               Maria T. Centeno
               310 Wyndale St.
               San Antonio, TX 78209

Bankruptcy Case No.: 10-53890

Chapter 11 Petition Date: October 4, 2010

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Leif M. Clark

Debtor's Counsel: Allen M. DeBard, Esq.
                  LANGLEY & BANACK, INC.
                  745 East Mulberry, Suite 900
                  San Antonio, TX 78212
                  Tel: (210) 736-6600
                  Fax: (210) 735-6889
                  E-mail: adebard@langleybanack.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/txwb10-53890.pdf


ANV SECURITY: Posts $195,400 Net Loss in June 30 Quarter
--------------------------------------------------------
ANV Security Group, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $195,370 on $27,335 of revenue for the
three months ended June 30, 2010, compared with a net loss of
$82,652 on $5,670 of revenue for the same period ended June 30,
2009.

The Company has limited cash resources and intends to continue to
raise additional capital through the issuance of debt or equity in
order to expand operations.  The Company has entered into a letter
agreement with an investment banking group to raise funds to allow
the Company to expand its operations in China.  The availability
of cash through such resources is not assured and if the Company
is not able to raise enough cash, the Company might be forced to
delay or limit the expansion of its Chinese operations.

The Company's balance sheet at June 30, 2010, showed $4.3 million
in total assets, $2.4 million in total liabilities, and
stockholders' equity of $1.9 million.

As reported in the Troubled Company Reporter on July 20, 2010,
Stan J.H. Lee, CPA, in Fort Lee, N.J., expressed substantial doubt
about the Company's ability to continue as a going concern,
following the Company's results for the year ended March 31, 2010.
The independent public accounting firm noted that of the Company's
lack of revenue activities and losses from operations.

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

               http://researcharchives.com/t/s?6c64

                        About ANV Security

Shenzhen, China-based ANV Security Group, Inc., was incorporated
in British Columbia, Canada on December 18, 2006, and changed its
name from Canada ANV Systems Inc.  The Company owns 100% of ANV
Video Alarm Service Inc. which was incorporated in British
Columbia, Canada on May 30, 2008, and ANV Security Group (Asia)
Co. Limited, incorporated in December 2009 under the laws of the
Hong Kong Special Administrative Region.  Effective June 1, 2010,
ANV Security Group (Asia) Co. Limited has a wholly owned
subsidiary, Flybit International Limited, which was incorporated
in August 15, 2008, in Hong Kong.

Flybit is in developing and marketing mobile video security system
used on vehicles and it is a certified OEM manufacturer for
Panasonic in mobile video systems.


ARMSTRONG WORLD: S&P Affirms 'BB' Corporate Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'BBB-' issue-level
rating and '1' recovery rating to Armstrong World Industries
Inc.'s proposed $700 million of senior secured credit facilities
due in 2015, consisting of a proposed $450 million term loan and
proposed $250 million revolving credit facility.  The issue-level
rating is two notches above the 'BB' corporate credit rating on
Armstrong.  The recovery rating of '1' indicates S&P's expectation
for a very high (90% to 100%) recovery of principal in the event
of payment default.

At the same time, S&P affirmed the 'BB' corporate credit rating on
Lancaster, Pa.-based Armstrong World Industries Inc. The outlook
is stable.

"The ratings reflect the company's leading positions in vinyl and
wood flooring and ceiling systems production, a fair balance
between residential and commercial end markets, strong liquidity,
and manageable debt levels despite a weak operating environment,"
said Standard & Poor's credit analyst Thomas Nadramia.  The
affirmation follows Armstrong's recently announced proposed
refinancing, including a planned $700 million senior secured
credit agreement due 2015, consisting of a $450 million term loan
facility and a $250 million revolving credit facility.  Armstrong
plans to use these borrowings to repay its existing term loans,
due in 2011 and 2013, as well as its revolving credit facility due
in 2011.

The stable ratings outlook reflects S&P's expectation that
Armstrong's good cash flow characteristics, its position in the
ceilings segment, and what S&P considers to be a fair business
risk profile should enable it to maintain strong liquidity and
credit measures consistent with the current rating despite
challenging construction and remodeling markets.  Specifically,
S&P expects Armstrong to maintain total adjusted debt (including
operating leases and pensions) to EBITDA of between 3.5x and 4.5x,
reported book leverage (not adjusted for pensions or leases) of
around 2x, and excess cash and revolving credit availability well
above $400 million.  S&P think the company will remain cash flow
positive even if commercial and residential construction markets
continue to be weak.

S&P could take a negative rating action if volumes weaken more
than S&P expect, profitability is materially lower because of a
poor economy, or the company displays a more aggressive use of
funded leverage for debt-financed acquisitions or shareholder-
friendly actions.  Specifically, S&P could revise the outlook to
negative if total adjusted debt (including operating leases and
pensions) to EBITDA exceeded 4.5x on a sustained basis, or if
reported book leverage approached 3x, and total liquidity fell
below $200 million.

S&P would consider a positive rating action if the company
succeeds in executing operating initiatives and strategies that
could result in reduced leverage in spite of market weakness.
Specifically, this could occur if the company reduced total
adjusted leverage to around 3.0x and consistently produced funds
from operations to debt of more than 25% and S&P believed its
business and financial strategies were consistent with a higher
rating.


AVALON OIL: Posts $265,300 Net Loss in June 30 Quarter
------------------------------------------------------
Avalon Oil & Gas, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $265,336 on $30,185 of revenue for the
three months ended June 30, 2010, compared with a net loss of
$382,630 on $55,310 of revenue for the same period of 2009.

The Company has incurred a loss of $27.4 million from inception
through June 30, 2010, and has a working capital deficiency of
$1.5 million.

The Company's balance sheet at June 30, 2010, showed $2.4 million
in total assets, $1.6 million in total liabilities, and
stockholders' equity of $832,844.

As reported in the Troubled Company Reporter on July 28, 2010,
Bernstein & Pinchuk LLP, in New York, expressed substantial doubt
about the Company's ability to continue as a going concern,
following the Company's results for the year ended March 31, 2010.
The independent auditors noted that the Company has incurred
significant losses from operations since its inception and has a
working capital deficiency.

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

               http://researcharchives.com/t/s?6c60

                         About Avalon Oil

Minneapolis, Minn.-based Avalon Oil & Gas, Inc., was originally
incorporated in Colorado in April 1991 under the name Snow Runner
(USA), Inc.   The Company is currently in the process of raising
funds to acquire oil and gas properties and related oilfield
technologies, which the Company plans to develop into commercial
applications.


AVRAHAM SCHWARCZ: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Joint Debtors: Avraham K. Schwarcz
                 aka Avi Schwarcz
               Ana M Schwarcz
               aka Ana Maria Elkins
               1474 W Price Rd # 604
               Brownsvile, TX 78520

Bankruptcy Case No.: 10-10675

Chapter 11 Petition Date: October 1, 2010

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

Judge: Richard S. Schmidt

Debtor's Counsel: Eduardo V. Rodriguez, Esq.
                  MALAISE LAW FIRM
                  1265 N Expressway 83
                  Brownsville, TX 78521
                  Tel: (956) 547-9638
                  Fax: (956) 547-9630
                  E-mail: igotnoticesbv@malaiselawfirm.com

Scheduled Assets: $1,156,510

Scheduled Debts: $1,343,005

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txsb10-10675.pdf


BENJI'S SPECIAL: Houston ISD Takes Over Operations
--------------------------------------------------
Ericka Mellon, writing for The Houston Chronicle, reports the
Houston school district has agreed to take over Benji's Special
Educational Academy.  According to the report, Texas Education
Commissioner Robert Scott ordered Benji's to close last month amid
revelations it was nearly bankrupt, but allies of the Fifth Ward
charter school have reached a deal with the Houston Independent
School District and another charter holder to keep it open for
students, starting October 11.

According to the report, Debbie Ratcliffe, a spokeswoman for Mr.
Scott, said he will not oppose the deal, though it does not erase
the school's debt, which state officials estimate is nearly
$500,000.  The school's original charter holder, a nonprofit
corporation called Benji's Special Educational Academy, is
responsible for the debt, not the Houston Independent School
District, Ms. Ratcliffe said.

The report notes as of September, Benji's owed money to two banks,
the Internal Revenue Service and the state Teacher Retirement
System, according to the Texas Education Agency.  But Ms.
Ratcliffe said TEA officials are not certain of the exact debt
amount because Benji's founder and chief executive officer,
Theaola Robinson, has refused to release all the financial
records.

The report says Benji's will keep its name but will be run by the
Management Accountability Corp., which contracts with HISD to run
a charter school called the High School for Business and Economic
Success.  That high school was born from another troubled charter
school, Gulf Shores Academy, which the TEA tried for years to
close.

According to the report, Benji's students will be considered HISD
students, and the district will get state funding for each one, at
least for this year. The Houston school board will vote Thursday
to finalize the deal.

Benji's Special Educational Academy Charter School Independent
School District -- http://www.benjisacademy.com/-- is based in
Houston, Texas.  According to The Houston Chronicle, Benji's
served more than 500 students in elementary, middle and high
school at the start of the academic year before a TEA-appointed
board voted to close it.  Most of the children come from poor
families, and about 20% require special educational services,
Richard Johnson, a spokesman for Benji's, said.


BOSTON GENERATING: Judge Chapman Approves Terms of Auction
----------------------------------------------------------
Joseph Checkler at Dow Jones' Daily Bankruptcy Review reports
that the Hon. Shelley C. Chapman of the U.S. Bankruptcy Court in
Manhattan approved the terms of an auction for the sale of assets
of Boston Generating LLC.

The Company has a contract to sell its assets for $1.1 billion to
Constellation Energy Group Inc.  The deal is subject to higher
bids at an auction set for Nov. 15, 2010.

Judge Chapman, according to Dow Jones, cut the minimum initial
overbid from $20 million to $10 million in the proposed auction
procedures of the Company.

                       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.


BUCKEYE TECHNOLOGIES: Moody's Withdraws 'Ba2' Corp. Family Rating
-----------------------------------------------------------------
Moody's Investors Service has withdrawn all the credit ratings of
Buckeye Technologies Inc. because Buckeye has repaid all its rated
debt.  On October 1, 2010, Buckeye completed the redemption of its
remaining $140 million 8.5% senior notes due 2013.  As a result of
the redemption, the 2013 notes indenture has been terminated.
Please refer to Moody's Withdrawal Policy on moodys.com.

These ratings were withdrawn:

* Corporate Family Rating -- Ba2
* Probability of Default Rating -- Ba2
* $140 million senior unsecured notes due 2013 -- Ba3 (LGD5, 80%)

The latest rating action occurred on May 12, 2010, when Buckeye's
CFR was upgraded to Ba2 from Ba3.

Buckeye Technologies Inc., headquartered in Memphis, Tennessee, is
a producer of specialty fibers and non-woven materials sold to
makers of consumer and industrial goods.  The company is publicly
held and reported revenues of $756 million in the fiscal year
ended June 30, 2010.


BUCKINGHAM EXPLORATION: Manning Elliot Resigns as Auditor
---------------------------------------------------------
Buckingham Exploration Inc. disclosed that Manning Elliott LLP
resigned as the independent auditors of the Company effective
October 7, 2010 and MaloneBailey LLP were appointed in their place
effective the same date.

Buckingham said, "There were no reservations or qualifications in
the former auditor's report in connection with the Company's
financial statements for the last two fiscal years, other than a
going concern statement.  There were no disagreements between the
Company and the former auditors or any reportable events, except
with respect to certain weaknesses in our internal controls and
with respect to the accounting for a debenture settlement."

"The Company looks forward to taking advantage of MaloneBailey's
experience as we continue to develop our business," said Robin
Relph, the Company's President and Chief Executive Officer.

                 About Buckingham Exploration

Buckingham Exploration is an exploration stage company whose
principal business is the acquisition and exploration of mineral
resources.  Information about the business of the company can be
found in its filings with securities regulatory authorities.


CAKE MAN: Closed by NY Health Dept. Over Sanitary Violations
------------------------------------------------------------
Daniel Massey, writing for Crain's New York Business, reports that
Cake Man Raven in Brooklyn was closed down by the Department of
Health and Mental Hygiene last week because it posed "immediate
health risks."

Crain's reports the bakery racked up 78 violation points during a
Wednesday inspection by the health department.  Among the most
serious violations: nobody certified in food protection was on
hand, the operating permit had expired, there was no running
water, and flies were present.  To re-open, Cake Man must correct
its violations, renew its expired operating permit and pass a re-
opening inspection.

Crain's notes the bakery received 18 violation points during a
September inspection, triggering an automatic re-inspection for
not making the A grade.  The bakery was also shuttered for two
days in January 2008 after inspectors found "evidence of mice or
live mice" in the facility.

Crain's says the voice-mail box at Cake Man Raven was full and not
accepting messages.

Crain's further notes that in August, United States District Judge
Roslynn Mauskopf ordered answers to a 2008 lawsuit entered by Cake
Man Raven Inc. and owner Raven P.D. Dennis III stricken from the
record and a default judgment entered against them because of a
repeated "failure to appear at court conferences, participate in
discovery, or otherwise defend against plaintiffs' allegations."
Crain's relates Bruce Menken, Esq., an attorney for the workers,
said he'll be filing papers quantifying the damages to his
clients.

Crain's says the state Department of Labor has also set its sights
on the baker for failing to respond to charges it owes more than
$11,000 in wages, interest and penalties stemming from nonpayment
to three employees.  The department issued an order against the
company, Mr. Dennis and a store manager because they did not
respond to the charges.

Cake Man Raven is reportedly a favorite of stars such as Jay-Z,
Bill Cosby and Robert De Niro.


CALIFORNIA: To Sell, and Lease Back, Buildings in $2.33BB Deal
--------------------------------------------------------------
California's Department of General Services said Monday it has
selected California First, LLC, a partnership led by Hines and
Antarctica Capital Real Estate LLC, as the buyer for 11 state
office properties authorized by the legislature and Governor last
year.

The winning offer was $2.33 billion -- resulting in more than
$1.2 billion for the state general fund, and $1.09 billion to pay
off bonds on the buildings.  Over the next 20 years, the state
will lease the offices back from the new owner at predetermined
rates, and will no longer maintain, operate, or repair the
buildings.  All the leases with California First allow the state
to buy back any or all of the buildings at anytime during the 20-
year term.

"After an extensive review of the more than 300 bids that were
received, I have determined that this offer presents the best
value for the state and achieves the goals set forth by the
Legislature and Governor," said Acting DGS Director Ron Diedrich.
"This sale will allow us to bring in desperately needed revenues
and free the state from the ongoing costs and risks of owning real
estate."

Hines, a privately owned real estate firm headquartered in
Houston, Texas, is involved in real estate investment, development
and property management worldwide.  The firm's historical and
current portfolio of projects that are underway, completed,
acquired and managed for third parties includes 1,119 properties
representing more than 457 million square feet of office,
residential, mixed-use, industrial, hotel, medical and sports
facilities, as well as large, master-planned communities and land
developments.

Antarctica Capital Real Estate, LLC; a venture led by California
real estate veteran Rich Mayo of Spyglass Realty Partners, along
with Chandra Patel of Antarctica Capital headquartered in Irvine,
California and New York, NY, is a private equity firm specializing
in real estate.  There are also additional equity investors. The
all cash offer will utilize a typical debt and equity ratio with
the general partners and investors providing approximately 40
percent of the purchase price, and a major financial institution
supplying the balance as a loan to the new owners.

The offices to be sold are:

     -- Attorney General Building, Sacramento;
     -- California Emergency Management Agency Building,
        Sacramento;
     -- Capitol Area East End Complex, Sacramento;
     -- Elihu M. Harris Building, Oakland;
     -- Franchise Tax Board Complex, Sacramento;
     -- San Francisco Civic Center, San Francisco;
     -- Junipero Serra State Building, Los Angeles;
     -- Department of Justice Building, Sacramento;
     -- Public Utilities Commission Building, San Francisco;
     -- Judge Joseph A. Rattigan Building, Santa Rosa;
     -- Ronald Reagan State Building, Los Angeles

In his letter to the legislature, Mr. Diedrich shared the
department's economic analysis summary of the sale comparing the
status quo of ownership of the buildings to the sale and leaseback
transaction.  Using a series of reasonable and prudent assumptions
the analysis shows that the sale allows California to retire
$1.09 billion in bond debt, leaving over $1.2 billion in new
revenues to shore up the state budget, as a result eliminating the
need for more program cuts statewide or tax increases.

By no longer owning the properties, the state eliminates annual
lease payments and interest, as well as operating expenses.  The
state also sheds the responsibility for deferred and major capital
improvements, as well as the obligation to pay for unforeseen and
unpredictable repairs that cannot be anticipated but are
increasingly likely as the buildings age.

In April, the state's broker, CB Richard Ellis received more than
300 offers to purchase the buildings.  The offers included
individually priced offers on each building; however, the most
aggressive pricing came largely from 30 offers for the entire
portfolio.  Portfolio buyers were given the opportunity to submit
a second round of offers on May 11.  CBRE received 16 increased
portfolio offers, 11 of which exceeded the state's $2 billion
estimate of the value of the properties.  Those 11 bidders were
then invited to submit a "best and final" offer by May 21.

Since May 21, DGS, in conjunction with its broker, has been
evaluating the top offers.  This evaluation included a
comprehensive analysis of each of the 11 best and final offers
which included separate interviews with each finalist.  Buyers
were evaluated based on a reconciliation of two primary factors --
price and certainty of execution. CB Richard Ellis investigated
with DGS the bidder's track record; and how much due diligence the
bidder had done on the state properties prior to making a buyer
selection.  Evaluation criteria included whether due diligence
reports were reviewed; due diligence inspections were completed;
the extent of property tours; the nature of contract and lease
comments; the financial backing the buyer had in place and
finally, the buyer's ability to both remove contingencies and
close the transaction quickly.

"The State of California received significant portfolio interest,
and the proceeds at the sale price of $2.33 billion will far
exceed the $660 million originally estimated. Far from a fire
sale, this was a stiff, multiple offer competition that generated
favorable pricing for the state," said Kevin Shannon with CBRE,
who handled the sale on behalf of the state.  "Current
historically low interest rates have allowed the state to obtain
extraordinary pricing comparable with peak level capitalization
rates with leaseback rents well below peak market levels.  An
additional benefit is that the state will be getting out of the
commercial real estate management business, and transferring asset
management to Hines, a globally recognized leader."

The Department of General Services anticipates completing all
transactions in the 4th quarter of 2010.

The Department of General Services acts as the business manager
for the State of California, with more than 4,000 employees and a
budget in excess of $1 billion.

                           *     *     *

Roger Vincent, writing for The Los Angeles Times, reports that Dan
Rosenfeld, the state's deputy director for real estate and
buildings under Gov. Pete Wilson, said the decision was poor long-
term financial policy, calling it "a quiet victim of the budget
impasse" in Sacramento.

"It's like selling your garage to your neighbor to pay your
mortgage," he said. "Given the choice between selling strategic
assets and taxing gas guzzlers, I would have selected a different
outcome."


CARIBBEAN PETROLEUM: Proofs of Claim Due By Nov. 17
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware directs
holders of claims against Caribbean Petroleum Corporation and its
debtor-affiliates arising prior to August 12, 2010, to file their
proofs of claim by 5:00 p.m., prevailing Eastern Time, on Nov. 17,
2010.  Government units have until February 8, 2011, to file their
claims.  Claim forms and additional information about the Bar
Dates are available at http://www.kccllc.net/caribbean

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.  Cribbean Petroleum sought Chapter 11
protection (Bankr. D. Del. Case No. 10-12553) on August 12, 2010,
nearly 10 months after a massive explosion at its major
Puerto Rican fuel storage depot virtually shut down the
company's operations.  The Debtor estimated assets of
$100 million to $500 million and debts of $500 million to
$1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

John J. Rapisardi, Esq., George A. Davis, Esq., and Zachary A.
Smith, Esq. at Cadwalader, Wickersham & Taft LLP serve as lead
counsel to the Debtors, and Mark D. Collins, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., serve as local
counsel.  The Debtors' financial advisor is FTI Consulting Inc.
The Debtors' chief restructuring officer is Kevin Lavin of FTI
Consulting Inc.  Kurtzman Carson Consultants LLC serves as the
noticing, claims and balloting agent.


CHATEAU DE VILLE: Files Schedules of Assets & Liabilities
---------------------------------------------------------
Chateau de Ville, LLC, filed with the U.S. Bankruptcy Court for
the Western District of Washington its schedules of assets and
liabilities, disclosing:

  Name of Schedule                         Assets      Liabilities
  ----------------                         ------      -----------
A. Real Property                        $12,000,000
B. Personal Property                             $0
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                       $9,520,000
E. Creditors Holding
   Unsecured Priority
   Claims                                                   $8,000
F. Creditors Holding
   Unsecured Non-priority
   Claims                                                 $578,000
                                        -----------    -----------
      TOTAL                             $12,000,000    $10,106,000

Renton, Washington-based Chateau de Ville LLC filed for Chapter 11
bankruptcy protection on September 30, 2010 (Bankr. W.D. Wash.
Case No. 10-21648).  Larry B. Feinstein, Esq., at Vortman &
Feinstein, assists the Debtor in its restructuring effort.


CHATEAU DE VILLE: Section 341(a) Meeting Scheduled for Nov. 3
-------------------------------------------------------------
The U.S. Trustee for Region 18 will convene a meeting of Chateau
de Ville LLC's creditors on November 3, 2010, at 1:00 p.m.  The
meeting will be held at the US Courthouse, Room 4107, 700 Stewart
Street, Seattle, WA 98101.

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.

Renton, Washington-based Chateau de Ville LLC filed for Chapter 11
bankruptcy protection on September 30, 2010 (Bankr. W.D. Wash.
Case No. 10-21648).  Larry B. Feinstein, Esq., at Vortman &
Feinstein, assists the Debtor in its restructuring effort.
According to its schedules, the Debtor disclosed $12 million in
total assets and $10,106,000 in total debts as of the Petition
Date.


CHEMTURA CORP: Seeks Court OK to Enter $5.6-Million Cleanup Deal
----------------------------------------------------------------
Bankruptcy Law360 reports that Chemtura Corp. has asked a judge to
approve a roughly $5.6 million deal with New Jersey environmental
authorities and Dial Corp. that would put to rest claims over
cleanup responsibilities for a site formerly used by Chemtura
predecessor Witco Corp.

Law360 says Chemtura filed a request for permission to enter into
the settlement on Friday in the U.S. Bankruptcy Court for the
Southern District of New York.

                     About Chemtura Corp.

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

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


CIRCLE SHERMAN: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Circle Sherman, LLC
        3605 Highway 75 South
        Sherman, TX 75090

Bankruptcy Case No.: 10-43471

Chapter 11 Petition Date: October 4, 2010

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

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  8140 Walnut Hill Lane, Ste 301
                  Dallas, TX 75231
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: courts@joycelindauer.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 Abdul Karim Pirani, manager.


CLEARWATER PAPER: S&P Affirms Corporate Credit Rating at 'BB'
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings, including
the 'BB' corporate credit rating, on Clearwater Paper Corp. All
ratings were removed from CreditWatch, where they were placed with
negative implications on Sept. 17, 2010.  The rating outlook is
stable.

At the same time, S&P assigned a 'BB' (the same as the corporate
credit rating) issue-level rating to Clearwater's proposed
$350 million senior unsecured notes due 2018.  The recovery rating
on the proposed notes is '3', indicating S&P's expectation of
meaningful (50%-70%) recovery in the event of a payment default.

The company will use proceeds from the proposed notes issuance,
combined with existing cash balances, to fund its planned
acquisition of Cellu Tissue Holdings Inc. (B+/Watch Pos/--),
including repayment of Cellu Tissue's senior secured notes due
2014.

"The ratings affirmation on Clearwater reflects S&P's view that
the proposed combined entity's prospective operating performance,
which incorporates merger benefits of at least $15 million to
$20 million from targeted synergies, will likely result in credit
measures consistent with the 'BB' rating given its fair business
risk profile," said Standard & Poor's credit analyst Tobias
Crabtree.  Specifically, S&P expects adjusted leverage to be
maintained between 2.5x and 3.5x over the next 12 to 18 months.
In addition, S&P expects the company to maintain adequate
liquidity, primarily from existing cash balances and internally
generated cash flow, even giving consideration to the increase in
capital expenditures related to the expansion of its tissue
manufacturing capacity.  Also, the ratings action reflects S&P's
assessment of Clearwater's ongoing financial policy as being in
line with its significant financial risk profile, despite the more
aggressive use of its cash balances and debt issuance to finance
the acquisition.

The stable rating outlook reflects S&P's expectations that the
combined entity's prospective operating performance, reflecting
merger benefits and targeted synergies, will result in credit
metrics being maintained at a level consistent with a 'BB' rating
given its fair business risk profile.  Specifically, S&P thinks
leverage will likely be maintained between 2.5x and 3.5x over the
next 12 to 18 months.  In addition, S&P expects the company to
maintain adequate liquidity, primarily from existing cash balances
and internally generated cash flow, even giving consideration to
the increase in capital expenditures related to the expansion of
its tissue manufacturing capacity.

S&P could take a negative rating action if Clearwater is unable to
improve its operating margins as a result of unanticipated
difficulties in integrating the acquisition of Cellu Tissue.
Specifically, a downgrade could occur if the combined entity's
operating margins (before depreciation and amortization) were to
fall below 10%, which could result in adjusted EBITDA of less than
$200 million and leverage likely being maintained above 4x.

For a higher rating, S&P would expect adjusted debt to EBITDA to
remain at or below 2x, given S&P's assessment of the company's
business risk profile as fair.  S&P could also raise the rating if
the acquisition and the new tissue capacity resulted in a stronger
business risk profile.  In addition, S&P would need to assess its
comfort about the company's future financial policies relative to
acquisitions and shareholder distributions before raising the
rating.

S&P's rating and outlook assumes the transaction closes as
proposed.  If the acquisition is not completed, S&P would likely
affirm its ratings on Clearwater, given its assessment of the
stand-alone company's significant financial risk profile and fair
business risk profile.


COMMUNITY LENDING: Top-Hat Plan Payments May Be Disgorged
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the 9th U.S. Circuit Court of Appeals in San
Francisco said in an unpublished opinion that if a company
terminates and makes a distribution to officers under a so-called
top-hat deferred compensation plan, the recipients can be
compelled to return the payments if the company was insolvent at
the time of the distribution.

According to Mr. Rochelle, a top-hat plan provides deferred
compensation to high-level company officers.  Although money to
fund the payments may be held in a trust, the plans provide that
trust funds go to creditors if the company is insolvent.
Before bankruptcy, the company terminated the plan and made
distributions from the funds to company officers. The district
court dismissed a lawsuit to recover the payment. The 9th Circuit
reversed on Oct. 8.

The Circuit Court, the report relates, said that termination "does
not mean that the employer may actually pay the participant if the
company is insolvent at the time of payment."

The circuit court, according to Mr. Rochelle, remanded the case to
the district court for a determination about whether the company
was insolvent at the time of payment.

The case is Pham v. Decker (In re Community Lending Inc.),
09-15302, 9th U.S. Circuit Court of Appeals (San Francisco).


CONDERE CORPORATION: Fraziers Allowed $29,615 Claim, to Recoup 65%
------------------------------------------------------------------
The Hon. Edward Ellington grants Billy Joe Frazier and Shirley
Frazier an allowed unsecured claim for $29,615 in the bankruptcy
case of Condere Corporation d/b/a Servis Fleet Tire Company, d/b/a
Fidelity Tire Manufacturing Co.  The Debtor will tender to the
Fraziers 65% of the claim or $19,250.

The Fraziers filed a proof of claim to which the Debtor objected.
The agreement reached between the parties liquidated the Fraziers'
claim and granted the Fraziers an allowed unsecured claim.  In
bankruptcy, there is not a statute of limitation on the payment of
an allowed unsecured claim.

A copy of the Court's decision is available at http://is.gd/fYAPd
from Leagle.com.

The Debtor is represented by:

          Craig M. Geno, Esq.
          HARRIS JERNIGAN & GENO, PLLC
          587 Highland Colony Parkway
          Ridgeland, Mississippi 39157-8784
          Telephone: 601-427-0048
          Facsimile: 601-427-0050
          http://www.hjglawfirm.com/

Carolyn Gill-Jefferson, in Madison, Mississippi, represented the
Fraziers.

Condere Corporation d/b/a Servis Fleet Tire Company, d/b/a
Fidelity Tire Manufacturing Co., manufactured tires at a plant in
Natchez, Mississippi.  Condere filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Case No. 97-02549).  Following the
filing of the bankruptcy, a creditors' committee of nine creditors
was appointed.

On September 4, 1998, the Court approved the sale of the Debtor's
assets to Titan Tire Corporation.  The sale essentially provided
for Titan Tire to purchase all of the assets of the Debtor for a
purchase price which was the sum of (a) all secured debt; (b) all
allowed priority claims, including expenses of administration,
professional fees and tax claims; and (c) 65% of the allowed,
unsecured, non-priority claims, including, but not limited to, any
claims arising under 11 U.S.C. Sec. 502(h).  In accordance with
the terms of the sale, Titan Tire posted a $15,000,000 letter of
credit to cover the allowed administrative expense claims, allowed
professional fees, allowed priority tax claims, and 65% of the
allowed unsecured claims.

On July 30, 1999, the Court entered an Order Confirming Plan.  The
order approved the December 23, 1998, Amended Joint Plan of
Liquidation of Condere Corporation and the Official Unsecured
Creditors' Committee.


CONFORCE INTERNATIONAL: Posts $279,989 Net Loss in June 30 Quarter
------------------------------------------------------------------
Conforce International, Inc., filed its quarterly report on Form
10-Q, reporting a net loss attributable to Conforce International
of $279,989 on $292,505 of revenue for the three months ended
June 30, 2010, compared with a net loss attributable to Conforce
International of $176,639 on $553,042 of revenue for the same
period ended June 30, 2009.

The Company's balance sheet at June 30, 2010, showed $1.1 million
in assets, $2.0 million in total liabilities, and a stockholders'
deficit of $901,115.

As reported in the Troubled Company Reporter on July 19, 2010,
BDO Canada LLP, in Markham, Ontario, expressed substantial doubt
about the Company's ability to continue as a going concern,
following the Company's results for the fiscal year ended
March 31, 2010.  The independent auditors noted that the Company
has incurred recurring losses and its ability to continue as a
going concern will depend on its ability to generate positive cash
flows from operations or secure additional financing.

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

               http://researcharchives.com/t/s?6c61

                   About Conforce International

Headquartered in Concord, Ontario, Conforce International, Inc.,
has two operations, the first is providing handling, storage and
transportation of overseas containers for international shipping
lines as well as domestic retailers through its 50.1% owned
subsidiary Conforce 1 Container Terminals Inc.  The second is the
development and testing of a polymer based composite shipping
container flooring product trademarked under the name EKO-FLOR
through its 100% owned subsidiary Conforce Containers Corporation.
The composite flooring product has been designed to provide an
environmentally friendly product to increase container versatility
while reducing shipping costs.

The Company was incorporated on May 18, 2004, in the state of
Delaware as Now Marketing Corp. and was renamed on May 25, 2005,
to Conforce International Inc.


CROWDGATHER INC: Posts $615,900 Net Loss in July 31 Quarter
-----------------------------------------------------------
CrowdGather, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $615,897 on $330,079 of revenue for the
three months ended July 31, 2010, compared with a net loss of
$1.3 million on $53,071 of revenue for the same period ended
July 31, 2009.

The Company has an accumulated deficit of $6.9 million as of
July 31, 2010, and additional debt or equity financing will be
required by the Company to fund its activities and to support its
operations.

The Company's balance sheet at July 31, 2010, showed $10.4 million
in total assets, $589,010 in total liabilities, and stockholders'
equity of $9.8 million.

As reported in the Troubled Company Reporter on July 13, 2010,
Q Accountancy Corporation, in Laguna Niguel, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern, following the Company's results for the year ended
April 30, 2010.  The independent auditors noted that the Company
has incurred recurring operating losses and has an accumulated
deficit.

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

               http://researcharchives.com/t/s?6c62

                      About CrowdGather Inc.

Woodland Hills, Calif.-based CrowdGather, Inc. (OTC BB: CRWG)
-- http://www.crowdgather.com/-- is an internet company that
specializes in developing and hosting forum based Web sites.


CYNERGY DATA: Committee Pursues $39-Mil. from Former Shareholder
----------------------------------------------------------------
Bankruptcy Law360 reports that the official committee of unsecured
creditors for Cynergy Data LLC has filed suit against Marcelo
Paladini, former majority shareholder of Cynergy, seeking to claw
back $39 million in allegedly fraudulent transfers made during the
Company's insolvency.

                         About Cynergy Data

Launched in 1995, Cynergy Data was a merchant credit card
processing service provider.  The Company and two affiliates --
Cynergy Data Holdings, LLC, and Cynergy Prosperity Plus, LLC --
filed for Chapter 11 bankruptcy protection on September 1, 2009
(Bankr. D. Del. Case No. 09-13038).  Cynergy Data said that it had
assets of $109.5 million against debts of $186.1 million as of
June 30, 2009.

The Company's legal advisor is Nixon Peabody LLP; its financial
and restructuring advisor is CM&D Management Services LLC; its
industry expert is Unicorn Partners, LLC; and its investment
bankers are Stifel, Nicolaus & Company and Peter J. Solomon
Company.  The Company also hired Pepper Hamilton LLP as bankruptcy
and restructuring counsel.  Charles D. Moore of Conway MacKenzie,
Inc., serves as chief restructuring officer.  Kurtzman Carson &
Consultants LLC serves as claims and notice agent.

Cynergy Data filed for Chapter 11 to complete the sale of all of
its assets to an affiliate of The ComVest Group.  The $81 million
sale was completed October 2009.  The Debtor was renamed to
Liquidation Co. LLC following the sale.


D'AUR PROPERTIES: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: D'Aur Properties, L.L.C.
        c/o Tormey & Associates, P.C.
        952 Echo Lane, Ste. 330
        Houston, TX 77024

Bankruptcy Case No.: 10-39034

Chapter 11 Petition Date: October 5, 2010

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

Judge: Karen K. Brown

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

Estimated Assets: $0 to $50,000

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

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

The petition was signed by Walden Davis, Jr., managing member.


DAIRY PRODUCTION: Case Summary & 22 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Dairy Production Systems, LLC
          dba Dairy Production Systems
              DPS
        23343 N.W. County Road 236
        High Springs, FL 32643

Bankruptcy Case No.: 10-11754

Chapter 11 Petition Date: October 7, 2010

Court: U.S. Bankruptcy Court
       Middle District of Georgia (Albany)

Debtor's Counsel: Neil C. Gordon, Esq.
                  ARNALL GOLDEN GREGORY LLP
                  171 17th Street NW, Suite 2100
                  Atlanta, GA 30363-1031
                  Tel: (404) 873-8596
                  Fax: (404) 873-8597
                  E-mail: becky.wilkes@agg.com

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

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

The petition was signed by David P. Sumrall, sole manager and sole
member.

Debtor-affiliates that separate Chapter 11 petitions:


        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Dairy Production Sys. - Georgia LLC   10-11752            10/07/10
  Assets: $1,000,001 to $10,000,000
  Debts: $10,000,001 to $50,000,000
Dairy Production Systems -
  Mississippi, LLC                    10-11755            10/07/10
Heifer Haven, LLC                     10-11757            10/07/10
New Frontier Dairy, LLC               10-11756            10/07/10

Dairy Production Systems, LLC's List of 22 Largest Unsecured
Creditors:

        Entity                      Nature of Claim   Claim Amount
        ------                      ---------------   ------------
Furst McNess Company (BR)           --                  $1,714,832
120 East Clark Street
Freeport, IL 61032

Furst McNess Company (BL)           --                    $815,035
120 East Clark Street
Freeport, IL 61032

Dairy Farmers of America, Inc.      --                    $445,452
10411 Cogdill Road
Knoxville, TN 37932

Norvel Reed, Jr.                    --                    $275,734
P.O. Box 1111
Trenton, FL 32693

Farm Plan                           --                     $99,271

Jerry Goff                          --                     $95,857

83 Custom, Inc.                     --                     $91,836

Dewayne Knighton                    --                     $74,155

Harriet Knighton                    --                     $74,155

Central Florida Electric Coop, Inc. --                     $70,943

83 Farms, LLC & Farm Credit of N.   --                     $69,704
FL

Professional Veterinary Pro (BL)    --                     $69,541

GEA Farm Technologies, Inc. (BR)    --                     $36,301

MWI Veterinary Supply Co.           --                     $34,424

Mills Brothers Livestock, LLC       --                     $33,470

Wood's Electrical Services          --                     $30,317

Michael Wilkerson (BR)              --                     $27,874

Commodity Specialists Company (BR)  --                     $20,271

W.B. Mathis, Jr.                    --                     $18,750

Kay Enterprises                     --                     $17,538

Purina Mills, LLC                   --                     $16,874

Agricultural Funding Solutions, LLC --                     unknown


DEBORAH HEART: Moody's Affirms 'B1' Rating on $22.8 Mil. Bonds
--------------------------------------------------------------
Moody's Investors Service has affirmed the B1 long-term rating
assigned to Deborah Heart and Lung Center's $22.8 million of
outstanding bonds.  The revision of the outlook to stable from
negative reflects the recent improvement in FY 2009 financial
performance that appears to be continuing through FY 2010.
Moody's caution that the longer-term credit profile of The Center,
as a B1 credit rating suggests, still remains a high-risk
investment given the hospital's small size, concentrated service
array and reliance on fundraising to subsidize losses on clinical
operations.

Legal Security: Bonds are secured by a mortgage lien and gross
revenue pledge and Subsidy Agreement between the Deborah Hospital
Foundation (Foundation) and the Center.  The Subsidy Agreement
with the Foundation irrevocably obligates the Foundation to
provide subsidies to the Center in amounts which will be
sufficient to enable the Center to pay operating expenses, capital
expenditures and all other cash flow requirements including debt
service payments under the Loan and Security Agreement.

Interest Rate Derivatives: None

                            Strengths

* Improvement in FY 2009 financial performance due to material
  expense reduction efforts to offset revenue contraction and
  anticipated lower subsidies from the Foundation

* Increased volumes during FY 2010 due to the recently opened
  satellite emergency department on the campus following
  consecutive years of admission declines

* Recent change in investment allocation to reduce the exposure to
  equities, particularly important given the annual demands on
  cash for operating subsidies

* All fixed rate debt structure; debt service reserve fund remains
  untouched

* Irrevocable Subsidy Agreement from the Deborah Hospital
  Foundation that has historically subsidized operating losses at
  the Center, although liquidity at the Foundation has declined

                           Challenges

* Liquidity has declined as of August 31, 2010 to a combined $16.1
  million or 44.8 days, down from $25.2 or 67.9 days at the end of
  FY 2009 given continued operating losses and a decline in
  fundraising given the economy; management notes that there is
  some seasonality with higher cash balances typically at year end
  which is the highpoint of the annual fundraising cycle

* While lower than in the past, operating losses continue at The
  Center with a -3.7% operating margin through the first eight
  months of FY 2010; management expects about $4.3 million in
  subsidies from the Foundation in FY 2010 compared to a much
  higher level support of $12.9 million in FY 2008

* Current economic conditions have hampered fundraising efforts
  which is an integral strategy to grow liquidity and subsidize
  the clinical operations

* Recent retirement announcement by the long-standing CEO in
  December 2010; board is commencing a search for his replacement
  and represents a period of transition for the organization

                     Recent Developments/Results

The affirmation of the B1 rating and the revision of the outlook
to stable from negative reflects The Center's financial
improvement in FY 2009 which is continuing through the first eight
months of FY 2010.  Following years of growing operating losses at
The Center culminating in a $19.2 million loss (-14.6% margin) in
FY 2008, material expense reductions reduced the loss to a more
manageable $6.1 million loss (-4.7% margin) in FY 2009 and helped
offset declining revenues.  When adding in the performance of the
Foundation to The Center's, coverage levels improved with 2.03
times maximum annual debt service (from under one times) and 7.5
times debt to cash flow (from -33.2 times).

The financial improvement at The Center reflects a number of
expense reduction initiatives undertaken by management including a
reduction in force, length of stay management and freezing of
contributions to the 401k plan.  The expense reductions follow
consecutive years of volume declines for this small specialty
hospital.  In FY 2009 admissions declined over 7% while open heart
surgeries declined 18% from the prior year.  Additionally, The
Center's long-standing practice of not balance-billing patients
for any payments owed after third-party payments are received
places further stress on financial performance and has stymied
revenue growth.  While this practice remains in place and core to
The Center's mission, the new focus on expenses begins to address
these financial challenges in a demonstrable way.

The historical volume declines in part reflected increased
competition for advanced cardiology services and the departure of
some key admitters in recent years.  To address the declines and
The Center's narrow service array, management partnered with
Lourdes-Burlington (part of Catholic Health East, rated A1) and
opened a satellite emergency department on The Center's campus in
March 2010.  The capital and operating costs were incurred by
Lourdes-Burlington.  The Center receives all of the cardiac,
pulmonary and vascular cases needing additional care while the
remaining cases are transferred to Lourdes-Burlington.  This
provides a new portal into The Center which never had an emergency
room and relied entirely on physician referrals for volumes.  To
date, about 6% of the emergency room visits have translated into
additional admissions to The Center which heretofore may not have
come to the hospital.  As a result, revenues are up over
$8 million in the first eight months of FY 2010 compared to the
prior year period.

The improvement in performance should also reduce the need for the
historically large subsidies provided to The Center from the
Foundation annually to subsidize the losses.  After a large
$12.9 million transfer in FY 2008, The Center received
$2.2 million from the Foundation in FY 2009 with $4.3 million
expected in FY 2010.  The Foundation's revenues are generated from
fundraising and investment returns both of which have suffered in
recent years given the economy.  Historically using a largely
grass-roots fundraising strategy, the Foundation has moved to more
contemporary fundraising avenues such as annuities, bequests and
corporate giving.  Still, gifts declined in FY 2009 to
$7.8 million from $10.4 million in FY 2008 and are down through
August 31, 2010.  However, management reports that the bulk of the
fundraising typically comes in during the last quarter of every
year.  Moody's note that there is no spending policy that the
organization adheres to and no new capital campaign has been
developed.

Combined unrestricted cash and investments at The Center and the
Foundation increased to $25.2 million or 67.9 days cash on hand at
the end of FY 2009 due to minimal capital spending and improved
performance.  Liquidity has since declined to $16.1 million or 45
days cash on hand as of August 31, 2010 and slightly ahead of cash
balances as of August 31, 2009.  Management states that FY end
2009 cash is somewhat inflated due to an advance from the state
for charity care funds and some stretching of payables.  Moody's
note favorably that the board changed the asset allocation to 40%
equity/60% fixed income from 60% equity/40% fixed income to
mitigate the risk.  After large capital spending budget in FY 2008
($8.1 million), capital spending declined to a very low $355
thousand.  FY 2010 capital budget is expected to come in at
$1.4 million.

                             Outlook

The revision of the outlook to stable from negative reflects the
recent improvement in FY 2009 financial performance that appears
to be continuing through FY 2010.  While the revision in the
outlook to stable indicates expected rating stability over the
next one to two years, Moody's caution that the longer-term credit
profile of The Center, as a B1 credit rating suggests, is still a
high-risk investment given the organization's small size and
specialty nature.  Further declines in liquidity caused by a
reversal in current performance will place pressure on the rating
and outlook.

                What would change the rating -- Up

Material improvement in performance that is sustainable, material
growth in liquidity and fundraising; enterprise growth via volume
increases

               What could change the rating -- Down

Departure from current results, further depletion of cash

                         Key Indicators

Assumptions & Adjustments:

  -- Based on the audited financial statements for Deborah Heart
     and Lung Center and The Deborah Foundation (Moody's has
     combined the audits for the computations below)

  -- First number reflects audit year ended December 31, 2008
     (excludes $8.8 million impairment charge)

  -- Second number reflects audit year ended December 31, 2009

  -- Investment returns normalized at 6% unless otherwise noted

* Inpatient admissions: 4,638; 4,303

* Total operating revenues: $140.5; $134.8 million

* Moody's-adjusted net revenue available for debt service: $682
  thousand; $5.1million

* Total debt outstanding: $26.5 million; $25.2 million

* Maximum annual debt service (MADS): $2.5 million; $2.5 million

* Moody's-adjusted MADS Coverage with normalized investment
  income: 0.27 times; 2.03 times

* Debt-to-cash flow: -33.2 times; 7.5 times

* Days cash on hand: 85.6 days; 100.3 days

* Cash-to-debt: 53.1%; 67.9%

* Operating margin: -16.0%; -5.5%

* Operating cash flow margin: -10.2%; 0.5%

                           Rated Debt

* Series 1993: $22 million; fixed rate; B1

The last rating action with respect to Deborah Heart & Lung Center
was on June 1, 2009 when the Ba1 municipal finance scale rating
was downgraded to B1 and the outlook was negative.  That rating
was subsequently recalibrated to B1 on May 7, 2010.


DIAMOND RANCH: Taps M&K CPAS as Independent Public Accountant
-------------------------------------------------------------
Diamond Ranch Foods Ltd. on August 30, 2010, was informed by
Gruber & Company LLC that it would not stand for re-election as
independent public accountant.

On September 28, 2010, the Company engaged M&K CPAS PLLC as its
independent public accountants.  M&K has been engaged to review
the Company's unaudited interim financial information, commencing
with the quarter ended September 30, 2010, and to perform an audit
of the Company and report on the financial statements for the
fiscal year ending March 31, 2011.

                        About Diamond Ranch

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

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

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


DRYSHIPS INC: Delivers M/V Xanadu to New Owners for $33.7 Million
-----------------------------------------------------------------
DryShips Inc. said in a filing with the U.S. Securities and
Exchange Commission that it has delivered the M/V Xanadu to its
new owners for a sale price of $33.7 million.  The Company expects
to realize a book gain of approximately $200,000 from the sale of
the vessel.

                       About DryShips Inc.

Based in Greece, DryShips Inc. -- http://www.dryships.com/--
-- is an owner and operator of drybulk carriers and offshore oil
deep water drilling units that operate worldwide.  As of
September 10, 2010, DryShips owns a fleet of 40 drybulk carriers
(including newbuildings), comprising 7 Capesize, 31 Panamax and 2
Supramax, with a combined deadweight tonnage of over 3.6 million
tons and 6 offshore oil deep water drilling units, comprising of 2
ultra deep water semisubmersible drilling rigs and 4 ultra deep
water newbuilding drillships.

DryShips's common stock is listed on the NASDAQ Global Select
Market where it trades under the symbol "DRYS".


DUNE ENERGY: Amends Employee Severance Plan
-------------------------------------------
Dune Energy Inc. amended its employee severance plan.  The Plan
applies to all of its employees, other than those employed with
pursuant to the terms of specific employment contracts.  Unless
otherwise indicated, capitalized terms used below shall have the
meaning ascribed to them in the Plan.

Previously, the Plan provided that upon the Involuntary
Termination of a Covered Employee Officers would receive six
months Base Salary and all other Covered Employees would receive
three months Base Salary.  No Target Bonus would be provided to
any Covered Employee upon the Involuntary Termination of such
Covered Employee under the Plan prior to this amendment.

As amended, the Plan now provides for the Target Bonus as a
component of a Covered Employee's severance, and also provides
that upon an Involuntary Termination, (i) Officers would receive
12 months Base Salary plus their Target Bonus, (ii) select
employees would receive six months Base Salary plus 50% of their
Target Bonus and (iii) other employees would receive three months
Base Salary plus 25% of their Target Bonus.

A full-text copy of the Employee Severance Plan is available for
free at http://ResearchArchives.com/t/s?6c5b

                        About Dune Energy

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

                          *     *     *

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


ELITE PHARMACEUTICALS: Posts $4.8-Mil. Net Loss in June 30 Quarter
------------------------------------------------------------------
Elite Pharmaceuticals, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $4.77 million on $831,920 of revenue
for the three months ended June 30, 2010, compared with net income
of $1.15 million on $813,875 of revenue for the same period ended
June 30, 2009.

The Company continues to generate losses and negative cash flow
from operations and does not anticipate being profitable for
fiscal year 2011.

As of June 30, 2010, the Company had approximately 13 months of
cash available based on its current operations.

The Company's balance sheet at June 30, 2010, showed
$10.36 million in total assets, $25.41 million in total
liabilities, and a stockholders' deficit of $15.05 million.

As reported in the Troubled Company Reporter on July 13, 2010,
Demetrius & Company, L.L.C., in Wayne, New Jersey, expressed
substantial doubt about the Company's ability to continue as a
going concern, following the Company's results for the fiscal year
ended March 31, 2010.  The independent auditors noted that the
Company has experienced significant losses and negative operating
cash flows resulting in a working capital deficiency and
shareholders' deficit.

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

              http://researcharchives.com/t/s?698a

                   About Elite Pharmaceuticals

Northvale, N.J.-based Elite Pharmaceuticals, Inc. (OTC BB: ELTP)
-- http://www.elitepharma.com/-- is a specialty pharmaceutical
company that develops and manufactures oral, controlled-release
products using proprietary technology.  Elite developed and
manufactures for its partner, ECR Pharmaceuticals, Lodrane 24(R)
and Lodrane 24D(R), for allergy treatment and expects to launch
soon three approved generic products.  Elite also has a pipeline
of additional generic drug candidates under active development and
the Company is developing ELI-216, an abuse resistant oxycodone
product, and ELI-154, a once-a-day oxycodone product.  Elite
conducts research, development and manufacturing in its facility
in Northvale, New Jersey.


ENERJEX RESOURCES: Earns $1 Million in June 30 Quarter
------------------------------------------------------
EnerJex Resources, Inc., filed its quarterly report on From 10-Q,
reporting net income of $1.0 million on $1.0 million of revenue
for the three months ended June 30, 2010, compared with net income
of $436,194 on $1.4 million of revenue for fiscal 2009.

There was a gain on derivative contracts of $1.1 million in 2010.

The Company's balance sheet at June 30, 2010, showed $6.3 million
in total assets, $13.3 million in total liabilities, and a
stockholders' deficit of $7.0 million.

As reported in the Troubled Company Reporter on July 21, 2010,
Weaver & Martin, LLC, in Kansas City, Missouri, expressed
substantial doubt about the Company's ability to continue as a
going concern, following the Company's results for the year ended
March 31, 2010.  The independent auditors noted that the Company
has suffered recurring losses and had negative cash flows.

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

               http://researcharchives.com/t/s?6c65

                     About EnerJex Resources

Overland Park, Kansas-based EnerJex Resources, Inc., formerly
known as Millennium Plastics Corporation, is an oil and natural
gas acquisition, exploration and development company.  The
Company's oil and natural gas acquisition and development
activities are currently focused in Eastern Kansas.


ENERGY FUTURE: Moody's Downgrades Corp. Family Rating to 'Caa2'
---------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating
for Energy Future Holdings Corp to Caa2 from Caa1; downgraded
EFH's Probability of Default Rating to Caa3 from Caa2 and affirmed
the SGL-4 Speculative Grade Liquidity assessment.  EFH's rating
outlook remains negative.

In addition to the downgrades of EFH's CFR and PDR, and utilizing
Moody's Loss Given Default methodology with respect to assigning
individual security instrument ratings, Moody's also took these
rating actions:

* Affirmed EFH's senior secured 9.75% and 10% securities due 2019
  and 2020, which are secured by EFIH's ownership interests in
  Oncor Holdings, at Caa3 (LGD5, 62%);

* Downgraded EFH's LBO senior unsecured guaranteed 10.875% cash
  pay and 11.25%/12% PIK Toggle notes, both due 2017, to Ca from
  Caa3 (LGD5, 81%);

* Affirmed EFH's legacy senior unsecured notes due 2014, 2024 and
  2034, respectively, at Ca (LGD5, 85%);

* Affirmed EFIH's senior secured notes due 2019 and 2020, which
  are secured by the ownership interests in Oncor Holdings, at
  Caa3 (LGD5, 62%);

* Downgraded the EFCH unsecured notes to Ca from Caa3 (LGD5, 69%);

* Downgraded TCEH's senior secured first lien notes to B2 from B1
  (LGD2, 15%);

* Assigned a Caa2 rating for TCEH's second lien notes due 2021
  (LGD3, 41%);

* Downgraded TCEH's LBO 10.25% cash pay and 10.5%/11.25% PIK
  Toggle senior unsecured guaranteed notes due 2015 and 2016,
  respectively, to Caa3 from Caa2 (LGD4, 52%);

* Downgraded TCEH's legacy senior unsecured notes to Ca from Caa3
  (LGD4, 65%)

                        Ratings Rationale

The downgrade is triggered by the persistent environment of low
natural gas and power commodity prices and low average heat rates,
which collectively drag down EFH's current and expected cash flow
generation.   There is little evidence indicating a significant
improvement to natural gas commodity prices, and as a result, EFH
is likely to remain in financial distress.  In a recent 8-K
filing, the company announced a sizeable impairment to goodwill,
which Moody's view as acknowledgement by the company of a
prolonged period of weaker than previously anticipated cash flows.

EFH's weak cash flow generation prospects call into question the
company's overall liquidity profile.  EFH's liquidity profile is
an important consideration towards the company's ability to
address near-term debt service obligations and pending maturities.
Moody's SGL-4 rating indicates a relatively weak liquidity
profile.  Moody's are especially concerned with the financial
maintenance covenant at TCEH's $2.7 billion secured revolver,
which expires in October 2013.

The Baa1 senior secured rating for Oncor Electric Delivery Company
LLC, which is a regulated transmission and distribution utility
that is 80% owned by EFH, is affirmed.  Oncor's rating outlook
remains stable.  Oncor's rating and stable rating outlook benefit
by certain ring-fence type provisions and the presence of the
Public Utility Commission of Texas.  Nevertheless, Moody's see
event risk at Oncor as being elevated when compared to comparable
regulated utility companies due to its parent's deteriorating
credit profile.  The elevated event risk is not sufficient to
warrant a change to Oncor's rating or rating outlook at this time.

Moody's continues to view EFH as being a financially distressed
company.  Its capital structure appears to be untenable, calling
into question the sustainability of the business model.  The
company's cash flow generation is highly exposed to natural gas
and power commodity prices, which are expected to remain low over
the next several years.  EFH's credit profile continues to remain
in a state of decline, as evidenced by the company's near term
strategy of repurchasing its debt at a discount or engaging in
debt exchange activities.

Prospectively, ratings are unlikely to be upgraded over the
intermediate term horizon, largely due to Moody's expectations for
only modest cash flow generation due to an extended period of low
commodity prices.  Should natural gas and power commodity prices
and market heat rates improve materially, for a sustained period
of time, EFH's rating and rating outlook could show some
stabilization, and eventually, rating upgrades.

Over the near to intermediate-term horizon, ratings are more
likely to fall further, especially if commodity prices fail to
raise the around-the-clock price of power in north Texas.  EFH's
liquidity profile is slowly but steadily declining, and without a
sustained improvement to natural gas commodity prices, eventually
EFH's liquidity will be exhausted.  Moody's continue to
incorporate a view that EFH's debt restructuring activity will
intensify and become more material, and will continue to focus
more on TCEH and the nearing maturities in October 2013 and
October 2014.  Moody's continues to incorporate a view that any
future restructuring activities will exclude activity related to
Oncor, Oncor Holdings and Energy Future Intermediate Holdings
Company.  Additional activity on the regulated side of the
organization structure will, most likely, be viewed negatively for
Oncor given the material amount of debt obligations that have been
loaded on EFIH.  Moody's view the EFIH debt (which includes the
debt at EFH that can travel to EFIH under certain circumstances)
as a form of permanent leverage residing at Oncor's intermediate
subsidiary holding company.

The Baa1 senior secured rating and stable rating outlook for Oncor
does not currently incorporate the full effects of the potential
event risk related to EFH's financial distress.  As mentioned,
Moody's continue to view the ring-fence type provisions
incorporated into Oncor's structure as strong, and continue to
view the presence of the PUCT as a credit benefit.  Nevertheless,
Moody's remain concerned that EFH may become forced into more
material restructuring activities, in part due to an extended
period of low commodity prices.  According to Oncor's public
disclosures, the ring fence may not work as planned under some
scenarios, with only a bankruptcy judge ultimately deciding the
effectiveness of the ring fence.  Should an event like this
materialize, the ratings for Oncor could be impacted.

Oncor's rating outlook could be changed to negative if EFH
continues to utilize its equity interest in Oncor, either directly
or indirectly, as part of its ongoing restructuring activities or
if EFH continues to transfer debt onto EFIH, Oncor's intermediate
parent holding company.  Moody's view the recent activity at both
EFH and EFIH, where roughly $4.0 billion of debt has already been
issued which utilizes the ownership interests in Oncor, as an
indirect form of permanent leverage on Oncor.

Energy Future Holdings Corp (Caa2 CFR) is a large, non-regulated
merchant power company headquartered in Dallas, Texas.  Oncor
Electric Delivery Company LLC (Baa1 senior secured) is a regulated
transmission and distribution utility regulated by the Public
Utility Commission of Texas and is approximately 80% owned by EFH.


GALP CNA: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: GALP CNA Limited Partnership
        c/o Law Offices of Matthew Hoffman
        2777 Allen Parkway, Suite 1000
        Houston, TX 77019
        Tel: (713) 654-9990

Bankruptcy Case No.: 10-38975

Chapter 11 Petition Date: October 4, 2010

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

Judge: Jeff Bohm

Debtor's Counsel: Matthew Hoffman, Esq.
                  LAW OFFICES OF MATTHEW HOFFMAN, P.C.
                  2777 Allen Parkway, Suite 1000
                  Houston, TX 77019
                  Tel: (713) 654-9990
                  Fax: (713) 654-0038
                  E-mail: mhecf@aol.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 Gary Gray, president of CNA-1 GP, Inc.,
general partner of CNA GP, LP., Debtor's general partner.


GENERAL MOTORS: Moody's Assigns 'Ba2' Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service assigned a Ba2 Corporate Family Rating
and Probability of Default Rating to General Motors Company, and a
Baa3 rating to the company's anticipated secured credit facility,
the terms of which have not been publicly disclosed.  Moody's also
assigned GM a Speculative Grade Liquidity rating of SGL-1.  The
outlook is stable.

                        Ratings Rationale

The Ba2 CFR reflects GM's strong position in developing markets, a
competitive cost structure in North America, an improving domestic
product portfolio, and a significantly stronger balance sheet and
liquidity position as a result of the bankruptcy reorganization
process.  The rating also anticipates that the company's European
restructuring efforts, combined with a modest recovery in market
demand, will stem that segment's significant losses during 2011.
GM also benefits from the overall restructuring of the US
automotive sector.  US OEMs have been able to move away from the
dysfunctional practices that have burdened them for decades.  This
shift in the industry's operating structure has been the result of
significant headcount reductions, the elimination of excess
capacity, and the implementation of a new UAW contract.
Consequently, the US auto industry is managing production levels
and pricing in a much more sustainable manner.

Moody's expects that GM will be able to generate increasing levels
of free cash flow, gradually reduce its very sizable unfunded
pension liability, and strengthen its credit metrics as a result
of a healthier operating model and more favorable industry
fundamentals.

Bruce Clark, senior vice president with Moody's said, "Over the
long term, GM has the potential to become a more formidable player
in the global automotive arena.  The company has a sustainable
business position in North America, Asia and Latin America.
Success in fixing its troubled European operations would result in
one of the more balanced global footprints in the industry.
Trimming the company's large unfunded pension liability would give
it the kind of balance sheet it needs to contend with the
industry's ongoing cyclicality."

Notwithstanding these positives, the Ba2 rating also reflects a
number of operating and financial challenges facing GM.  In North
America, the company is making progress in improving consumer
perception of its vehicles, and it should begin to strengthen the
pace of its product renewal cycle by 2012.  Nevertheless, GM
continues to lag its major domestic rival in both of these areas.
In addition, despite the fact that GM's vehicle launches for 2010
and 2011 are heavily focused on cars and crossover vehicles, the
company will remain heavily dependent on the success of trucks and
SUVs.  In Europe, GM is still generating sizable losses and will
not complete this segment's restructuring and hoped-for turnaround
for at least another year.  Finally, although the bankruptcy
process lowered its funded debt from approximately $50 billion to
a current level of about $8 billion, GM still has $26 billion in
unfunded pension liabilities.  This liability results in the
company having a significant debt burden on an adjusted basis.
Consequently, despite improved first-half 2010 EBIT of
$3.3 billion, GM's ratio of EBIT/interest is a modest 1.5x after
Moody's standard adjustments.

Moody's expects that this relatively modest coverage measure, and
GM's other key credit metrics, will improve steadily as the
company's earnings and cash generation continue to grow.  The key
drivers of this improvement will be stronger performance in North
America, stemming of losses in Europe, and a significant reduction
in the unfunded pension liability.

GM's SGL-1 liquidity rating is supported by the company's June
30th cash position of $31.5 billion, free cash generation that
approximated $3.4 billion during the first half of 2010, and its
anticipated bank credit facility.  These liquidity sources provide
ample capacity to fund the company's key cash requirements.  These
requirements include $5.5 billion in debt that is expected to
mature during the twelve months from June 30th, and the need to
fund intra-period working capital requirements that Moody's
estimate at $8 to $10 billion.  Although discretionary pension
contributions could be large, Moody's expect that much of the
funding will come from the company's free cash generation, and
that the resulting liquidity position will remain strong.
Importantly, GM's UAW contract, which expires in September 2011,
contains a non-strike provision that requires arbitration in the
event that an agreement cannot be reached.  This provision
provides important protection against the risk of a large strike-
related cash burn occurring during 2011.

The stable rating outlook reflects Moody's expectation that the
operating strengths that GM needs in order to improve earnings,
grow cash flow, and reduce the pension liability are sustainable.
In addition, the company's strong liquidity position should
provide an ample cushion in the event of moderation in the pace of
improvement in demand in major markets.

GM's Ba2 rating could come under pressure if the company does not
remain largely on track for achieving key operational and
financial initiatives through 2011.  Operational initiatives
include completing the restructuring of the European operations
and approaching breakeven performance for these operations in
2011, executing successful new product launches of car and
crossover vehicles in North America, and demonstrating further
improvement in consumer perception of the domestic portfolio.  Key
financial initiatives include further deleveraging of the balance
sheet while maintaining a strong liquidity profile.  The rating
also anticipates that GM will deliver metrics approximating these
for 2011: EBIT/interest approaching 3.5x; debt/EBITDA
approximating 3.0x; retained cash flow/debt near 30%; and an EBITA
margin of about 6% (5.2% for the LTM through June 2010).

Over time, to the extent that GM's product renewal programs and
European restructuring initiatives give it the ability to
consistently exceed these financial metrics while reducing its
underfunded pension obligation, a higher rating could be
considered.


GENTA INC: Awards Grants Under 2009 Stock Incentive Plan
--------------------------------------------------------
The Compensation Committee of the Board of Directors of Genta
Incorporated awarded these grants of restricted stock units
pursuant to the Company's 2009 Stock Incentive Plan, as amended
and restated:

Raymond P. Warrell, Jr. M. D., Chairman and Chief Executive
Officer of the Company, was granted 580,439 restricted stock
units. These restricted stock units will vest as follows:

   * 20%, or 116,087 shares, shall vest on December 6, 2010, 20%,
     or 116,087 shares, shall vest on December 6, 2011 and 20%, or
     116,088 shares, shall vest on December 6, 2012; provided;
     however, if there is a change in control of the Company, the
     348,262 shares subject to the vesting schedule set forth
     above will immediately vest and shall be issued on the date
     prior to the date of such change in control.  If the
     foregoing shares have vested, they shall be issued at the
     earliest to occur of:

       i) December 6, 2012,

      ii) separation from service,

     iii) death or

      iv) disability; and

  * 40%, or 232,177 shares, shall vest upon the achievement of
    performance criteria determined by the Committee but require
    completion prior to December 6, 2012, and if vested, such
    shares shall be issued at the earliest to occur of

       i) December 6, 2012,

      ii) separation from service,

     iii) change in control,

      iv) death or

       v) disability.

Loretta M. Itri, M.D., President, Pharmaceutical Development and
Chief Medical Officer of the Company, was granted 198,897
restricted stock units.  These restricted stock units will vest as
follows:

   * 20%, or 39,779 shares, shall vest on December 6, 2010, 20%,
     or 39,779 shares, shall vest on December 6, 2011, 20%, or
     39,780 shares, shall vest on December 6, 2012; provided;
     however, if there is a change in control of the Company, the
     119,338 shares subject to the vesting schedule set forth
     above, will immediately vest and shall be issued on the date
    prior to the date of such change in control.  If the foregoing
    shares have vested, they shall be issued at the earliest to
    occur of:

       i) December 6, 2012

      ii) separation from service,

     iii) death or

      iv) disability; and

  * 40%, or 79,559 shares, shall vest upon the achievement of
    performance criteria determined by the Committee but require
    completion prior to December 6, 2012, and if vested, such
    shares shall be issued at the earliest to occur of:

       i) December 6, 2012,

      ii) separation from service,

     iii) change in control,

      iv) death or

       v) disability.

Gary Siegel, Vice President, Finance of the Company, was granted
96,740 restricted stock units.  These restricted stock units will
vest as follows:

   * 20%, or 19,348 shares, shall vest on December 6, 2010, 20%,
     or 19,348 shares, shall vest on December 6, 2011, 20%, or
     19,348 shares, shall vest on December 6, 2012; provided,
     however, if there is a change in control of the Company, the
     58,044 shares subject to the vesting schedule set forth
     above, will immediately vest and shall be issued on the date
     prior to the date of such change in control.  If the
     foregoing shares have vested, they shall be issued at the
     earliest to occur of:

        i) December 6, 2012,

       ii) separation from service,

      iii) death or

       iv) disability; and

  * 40%, or 38,696 shares, shall vest upon the achievement of
    performance criteria determined by the Committee but require
    completion prior to December 6, 2012, and if vested, such
    shares shall be issued at the earliest to occur of:

        i) December 6, 2012,

       ii) separation from service,

      iii) change in control,

       iv) death or

        v) disability.

For all shares that vest under the above restricted stock units,
each officer set forth above shall automatically be issued, on the
issuance date of such shares  a number of fully vested shares
determined by multiplying a fraction, the numerator of which is
the number of shares to be issued on such issuance date and the
denominator of which is the number of shares of the Company's
common stock outstanding on October 6, 2010, by the number of
shares of Company common stock outstanding on the issuance date,
rounded up to the nearest whole share.

For avoidance of doubt, and except as expressly stated above,
vested shares that have been awarded pursuant to these grants
shall not be issued prior to December 6, 2012.

                            About Genta

Berkeley Heights, New Jersey, Genta Incorporated (OTCBB: GETA.OB)
-- http://www.genta.com/-- is a biopharmaceutical company with a
diversified product portfolio that is focused on delivering
innovative products for the treatment of patients with cancer.

                           *     *     *

Genta Incorporated's balance sheet at June 30, 2010, showed
$24.11 million in total assets, $6.39 million in total current
liabilities, $145.17 million in total long-term liabilities, and
a stockholders' deficit of $127.44 million.


GENTA INC: Conversion Price for Adjusted Notes Reduced to 10%
-------------------------------------------------------------
Genta Incorporated has issued various senior unsecured and secured
convertible promissory notes to certain accredited investors in a
private placement.  Pursuant to the terms of the Senior Unsecured
Convertible Promissory Notes B due March 9, 2013, issued by the
Company on March 9, 2010, the Senior Unsecured Convertible
Promissory Notes E due March 9, 2013, issued by the Company on
March 9, 2010, and the Senior Unsecured Convertible Promissory
Notes F due March 9, 2013, issued by the Company on March 9, 2010,
if on the later of (A) the date that is seven months after
March 9, 2010, and (B) the eleventh trading day following the
effective date of the Company's reverse stock split, which became
effective on August 2, 2010, the volume weighted closing price of
the Company's Common Stock for the 10 consecutive trading day
period ending on the last trading day prior to the October
Adjustment Date is less than $0.10, the conversion price for the
October Adjusted Notes, as applicable, shall be reduced to a price
equal to 10% of the 10-Day October VWCP.

On October 8, 2010, the 10-Day October VWCP was less than $0.10.
Therefore, on October 9, 2010, the conversion price for the
October Adjusted Notes will be reduced to 10% of the 10-Day
October VWCP, or $0.0396.

The Company's Senior Secured Convertible Promissory Notes due
June 9, 2011, as amended, (ii) Senior Secured Convertible
Promissory Notes due April 2, 2012, as amended, (iii) Unsecured
Subordinated Convertible Promissory Notes due July 7, 2011, as
amended, issued by the Company on July 7, 2009 and September 4,
2009, pursuant to a securities purchase agreement dated July 7,
2009, (iv) Unsecured Subordinated Convertible Promissory Notes due
September 4, 2011, as amended, issued by the Company on
September 4, 2009 pursuant to a securities purchase agreement
dated September 4, 2009, (v) Senior Unsecured Convertible
Promissory Notes C due March 9, 2013, issued by the Company on
March 9, 2010, and (vi) Senior Secured Convertible Promissory
Notes D due March 9, 2013, issued by the Company on March 9, 2010,
contain provisions that provide that the conversion price of the
Other Notes shall be reduced to the extent the Company
subsequently issues securities at an effective price below the
applicable conversion price of the Other Notes or amends the
conversion price of its outstanding notes to a price that is below
the applicable conversion price of the Other Notes.

Since the conversion price of the October Adjusted Notes will be
less than the current conversion price for the Other Notes on
October 9, 2010 following the conversion price reduction, the
conversion price for the Other Notes will reset upon the
adjustment of the conversion price of the October Adjusted Note.
Therefore, on October 9, 2010, the current conversion price of the
Other Notes will be $0.0396.

                            About Genta

Berkeley Heights, New Jersey, Genta Incorporated (OTCBB: GETA.OB)
-- http://www.genta.com/-- is a biopharmaceutical company with a
diversified product portfolio that is focused on delivering
innovative products for the treatment of patients with cancer.

                           *     *     *

Genta Incorporated's balance sheet at June 30, 2010, showed
$24.11 million in total assets, $6.39 million in total current
liabilities, $145.17 million in total long-term liabilities, and
a stockholders' deficit of $127.44 million.


GREAT ATLANTIC: Talking to Restructuring Advisers
-------------------------------------------------
The Wall Street Journal's Mike Spector and Timothy W. Martin
report that people familiar with the matter said Great Atlantic &
Pacific Tea Co. is sounding out restructuring advisers about
reworking its debt-heavy balance sheet.  Sources said A&P started
contacting Wall Street restructuring shops over the summer for
ideas on how to address some $1 billion in debt.  According to the
sources, investment banks in discussions with A&P include Lazard
Ltd., Rothschild Inc. and Moelis & Co.

The sources told the Journal the talks have focused in part on
roughly $157 million in convertible bonds due June 15, the
grocer's biggest near-term maturity.  A&P hasn't yet decided
whether to hire any restructuring practices, these people said.

According to the Journal, a person close to A&P said the company
has been in touch with a number of financial advisers to seek
advice on managing its debt load.  A&P is focused on its entire
balance sheet and how to pay down or otherwise address its debt,
the person said.  It hasn't committed to any particular path for
dealing with its debt and doesn't view its current efforts as a
"restructuring," the person said.  He also told the Journal A&P
hasn't considered bankruptcy as an option or retained any
restructuring advisers yet.

The Journal, citing Capital IQ, a unit of rating agency Standard &
Poor's, relates A&P has posted losses in 33 of its past 40
quarters.

According to the Journal, A&P has several options to deal with its
debt.  It could rework its convertible bonds due in June to lower
the conversion price and push the maturity later.  It also could
seek additional equity financing from supermarket magnate Ron
Burkle.  Mr. Burkle's Yucaipa Cos. injected $115 million into A&P
last year in return for a 27.6% stake, via preferred convertible
stock.  Yucaipa has two board seats.

Through a spokesman, Mr. Burkle declined to comment, the Journal
says.

German holding company Tengelmann Group also owns a big stake.

After years of retrenchment, A&P now has 429 stores in eight
Eastern states and Washington, D.C.

The Journal further notes A&P's stores generate about $400,000 of
weekly sales, far short of the $650,000 grossed at key rivals Stop
& Shop and ShopRite, according to Willard Bishop LLC, a retail
consultant in Barrington, Illinois.  The lower per-store sales
have driven up A&P's labor costs to 14% to 16% of overall sales,
several percentage points higher than competitors.  The gap is
significant in an industry that, on average, generates $1.50 of
profit for every $100 of revenue.

                            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."


GSI GROUP: Posts $71.3 Million Net Loss in 2009
-----------------------------------------------
GSI Group, Inc., filed on October 1, 2010, its annual report on
Form 10-K for the fiscal year ended December 31, 2009.  The
Company expects to file its quarterly reports on Form 10-Q for the
fiscal quarters ended April 2, July 2, and October 1, 2010, on or
before December 31, 2010.

The Company reported a net loss of $71.3 million on $254.4 million
of revenue for 2009, compared with a net loss of $203.8 million on
$288.5 million of revenue for 2008.

The Company's 2009 operating results included $47.9 million of
non-recurring charges comprised of $1.0 million relating to the
impairment of its goodwill and intangible assets, $16.3 million of
restructuring, restatement related costs and other charges,
approximately $7.0 million of prepetition professional fees
related to the debt restructuring analysis that preceded the
Chapter 11 Cases and $23.6 million of net reorganization items.

The Company's 2008 operating results included $237.7 million of
non-recurring charges comprised of $215.1 million relating to the
impairment of its goodwill, intangible assets and other long-lived
assets, $12.1 million of acquisition related in-process research
and development that was written off in connection with its
acquisition of Excel Technology, Inc., and $10.5 million of
restructuring, restatement related costs and other charges.

The Company's balance sheet at December 31, 2009, showed
$436.7 million in total assets, $352.4 million in total
liabilities, and stockholders' equity of $84.3 million.

In connection with the Company's emergence from bankruptcy on
July 23, 2010, the Company completed a rights offering pursuant to
which it sold common shares for approximately $85 million.  The
proceeds from the rights offering were used to pay down a portion
of the obligations due with respect to the 2008 Senior Notes.  The
remaining obligations due with respect to the 2008 Senior Notes
for unpaid principal and accrued interest were satisfied through
the issuance of the Company's common shares, the payment of cash
and the issuance of new 12.25% Senior Secured PIK Election Notes
which mature in July 2014.

As a result of the Company's emergence from bankruptcy and the
associated restructuring of its debt obligations, the Company
believes it has sufficient liquidity to fund its operations
through at least December 31, 2010.

Based upon the Company's current level of business activity, the
Company believes it will have sufficient liquidity to fund its
operations beyond December 31, 2010, to at least the end of 2011.

"However, our ability to make payments on or to refinance our
indebtedness, including the New Notes, which incur an additional
2% in interest until our common shares are listed on a national
securities exchange and we become current with our SEC reporting,
and to fund planned capital expenditures and research and
development efforts will depend on our ability to generate cash in
the future.  This, to a certain extent, is subject to general
economic, financial, competitive, legislative, regulatory and
other factors that are beyond our control."

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

               http://researcharchives.com/t/s?6c58

                         About GSI Group

Headquartered in Bedford, Massachusetts, GSI Group Inc.
-- http://www.gsig.com/-- supplies precision technology to the
global medical, electronics, and industrial markets and
semiconductor systems.  GSI Group Inc.'s common shares are quoted
on Pink Sheets OTC Markets Inc. (LASR.PK).

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

On May 24, 2010, the Debtors filed a modified Chapter 11 plan with
the Bankruptcy Court, which was supported by eight of ten
beneficial holders of the 2008 Senior Notes, the Equity Committee,
and the individual members of the Equity Committee pursuant to a
plan support agreement that the Company entered into on May 14,
2010, which superseded the prior plan support agreement.  The
modified Chapter 11 plan was further supplemented on May 27, 2010,
to provide for minor modifications to the May Plan.  On May 27,
2010, the Bankruptcy Court entered an order confirming and
approving the Final Chapter 11 Plan and the plan documents.

On July 23, 2010, the Debtors consummated their reorganization
through a series of transactions contemplated by the Final Chapter
11 Plan, and the Final Chapter 11 Plan became effective pursuant
to its terms.

The Company's shareholders prior to the emergence from bankruptcy
retained approximately 86.1% of its capital stock following
emergence.


HD BUSINESS: Case Summary & 10 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: HD Business, LLC
        1221 Admiral Street
        Richmond, VA 23220

Bankruptcy Case No.: 10-36830

Chapter 11 Petition Date: October 1, 2010

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

Judge: Douglas O. Tice Jr.

Debtor's Counsel: David K. Spiro, Esq.
                  HIRSCHLER FLEISCHER
                  P.O. Box 500
                  Richmond, VA 23218-0500
                  Tel: (804) 771-9500
                  Fax: (804) 644-0957
                  E-mail: dspiro@hf-law.com

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

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

A list of the Company's 10 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/vaeb10-36830.pdf

The petition was signed by Thornton L. Holt, Jr., managing member.


HSF HOLDINGS: Two Catamarans Sold for $50 Million
-------------------------------------------------
The Virginian-Pilot reports that the U.S. Department of
Transportation's Maritime Administration bought two high-speed
catamarans built for Hawaii Superferry Inc. at an auction in
Virginia for $25 million each.

The report says Hawaii Superferry owed the Maritime Administration
more than $135.7 million from the loan guarantees it made to help
build the ships.  The ferries are both berthed in a shipyard in
Norfolk, Virginia.

The report notes the Maritime Administration held first priority
mortgages and took possession of the vessels after they were
abandoned by the Company.  The report says Austal USA, the Alabama
shipbuilder that built the vessels, and the state of Hawaii, which
provided $40 million in harbor improvements, held second and third
mortgages.  Austal USA was owed $23 million.

                      About Hawaii Superferry

Wilmington, Delaware-based HSF Holding Inc. operated as the parent
company of Hawaii Superferry, Inc., a Hawaiian inter-island ferry
service.  The Superferry was shut down on March 16, 2009.

The Company and its affiliate filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 09-11901 and 09-11902) on
May 30, 2009.  David B. Stratton, Esq., and Evelyn J. Meltzer,
Esq., at Pepper Hamilton LLP, represented the Debtors in their
restructuring efforts.  Craig A. Wolfe, Esq., at Kelley Drye &
Warren LLP, served as the Committee's lead counsel.  Adam Hiller,
Esq., Brian Arban, Esq., and Michelle Berkeley-Ayres, Esq., at
Atlantic Law, acted as the Committee's local counsel.  When the
Debtors sought protection from their creditors, they listed
between $100 million and $500 million each in assets and debts.

As reported by the Troubled Company Reporter, the Bankruptcy Court
approved the Debtors' second amended Joint Plan of Liquidation on
October 21, 2009.  According to Bill Rochelle, Hawaii Superferry
obtained approval from Judge Peter Walsh to surrender its ships to
lenders owed $158.8 million for their construction.  The Plan
provides that all remaining assets would be liquidated and
distributed to creditors in accordance with the relative
priorities set forth in the Bankruptcy Code.  Bankruptcy
professionals employed in the case were paid $658,000.  Unsecured
creditors against Hawaii Superferry were paid $2,100.  Creditors
of the holding company got nothing.


IA GLOBAL: Posts $200,800 Net Loss in June 30 Quarter
-----------------------------------------------------
IA Global, Inc., filed its quarterly report on Form 10-Q,
reporting a $200,849 on $670,933 of revenue for the three months
ended June 30, 2010, compared with a net loss of $3.5 million on
$0 revenue for the same period ended June 30, 2009.

The Company has an accumulated deficit of approximately
$60.4 million and a working capital deficit of $1.1 million as of
June 30, 2010.

The Company's balance sheet at June 30, 2010, showed $4.6 million
in total assets, $6.4 million in total liabilities, and a
stockholders' deficit of $1.8 million.

As reported in the Troubled Company Reporter on July 20, 2010,
Sherb & Co., LLP, in New York, expressed substantial doubt about
the Company's ability to continue as a going concern, following
the Company's results for the fiscal year ended March 31, 2010.
The independent auditors noted that the Company has incurred
significant operating losses, and has a working capital deficit as
of March 31, 2010.

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

               http://researcharchives.com/t/s?6c66

                         About IA Global

San Francisco, Calif.-based IA Global, Inc. (OTCQB: IAGI.OB)
-- http://www.iaglobalinc.com/-- is a global services and
outsourcing company focused on growing existing businesses and
expansion through global mergers and acquisitions.  The Company is
utilizing its current partnerships to acquire growth businesses in
target sectors and markets at discounted prices.  The Company is
actively engaging in discussions with businesses that would
benefit from our business acumen and marketing expertise,
knowledge of Asian Markets, and technology infrastructure.


IMAGEWARE SYSTEMS: Extends Promissory Note Due Date to December 30
------------------------------------------------------------------
ImageWare Systems Inc. and BET Funding LLC agreed on October 6,
2010, to extend the Company's secured promissory note dated
February 12, 2009.  The agreement changed the maturity date to
December 30, 2010 from September 15, 2010.  The Company also
agreed to retire the Note with three installment payments to be
made in October, November and December of 2010.  The October
installment has been paid.

The Company will fund the repayment of the Note from:

  * Funds from operations

  * A new, two year unsecured convertible 6% note dated October
    5, 2010 in the amount of $2.0 million purchased by Neal
    Goldman, a current shareholder.  The Convertible Note is
    convertible into common shares at $0.50 per share.  The
    company issued warrants to purchase 1.0 million shares of
    common stock with a strike price of $0.50 as part of the
    transaction.

  * The Company has received a commitment letter from Genoa
    Capital Partners, an institutional investor for a two year
    $3.5 million line of credit, convertible into common stock at
    $0.50 a share.   The Company will issue warrants to purchase
    100,000 shares of common stock with a strike price of $0.50 as
    part of this transaction.

                      About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc. is
a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

                           *     *     *

ImageWare Systems has not timely filed its financial reports with
the Securities and Exchange Commission.  The latest balance sheet,
which is as of June 30, 2009, showed total assets of $5,400,000,
total liabilities of $8,149,000, and a shareholders' deficit of
$2,749,000.


INTERNATIONAL GARDEN: Gets Interim Nod to Obtain DIP Financing
--------------------------------------------------------------
International Garden Products,, Inc., et al., sought and obtained
interim authorization from the Hon. Kevin J. Carey of the U.S.
Bankruptcy Court for the District of Delaware to obtain
postpetition secured financing from a syndicate of lenders led by
Harris N.A., as administrative and collateral agent, and to use
cash collateral.

The DIP lenders have committed to provide up to $7.5 million
postpetition revolving line of credit, of which $4.75 million will
be available during the interim period.

Derek C. Abbott, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
explained that the Debtors need the money to fund their Chapter 11
case, pay suppliers and other parties.  A copy of the DIP
Financing agreement is available for free at:

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

The DIP Facility will mature on June 30, 2011.

The maximum principal amount of DIP Facility outstanding at any
one time must not exceed these amounts without the written consent
of 100% of the DIP Lenders:

      (i) $2.75 million from the Petition Date through and
          including October 31, 2010;

     (ii) $4.75 million from November 1, 2010, through and
          including November 30, 2010;

    (iii) $7.25 from December 1, 2010 through and including
          December 31, 2010;

     (iv) $7.50 million from January 1, 2010, through January 31,
          2011;

      (v) $7.25 from February 1, 2011, through and including
          February 28, 2011;

     (vi) $7.00 million from March 1, 2011, through and including
          March 31, 2011;

    (vii) $6.00 million from April 1, 2011, through and including
          April 30, 2011; and

   (viii) $1.50 million from May 1, 2011, through and including
          the maturity date.

The DIP facility will incur interest at the DIP Agent's Base Rate
plus the applicable margin (4.0% per annum), payable monthly in
arrears.  Base Rate is the greatest of (x) the prime commercial
rate, or its equivalent, for U.S. Dollar loans to borrowers in the
U.S., as announced from time to time by the DIP Agent, (y) the
Federal Funds Rate plus 1/2 of 1%, and (z) the reserve adjusted
LIBOR Quoted Rate for a one-month interest period plus 1.00%,
calculated on an actual day 360 day basis for actual number of
days elapsed.

In the event of default, the interest will accrue at the DIP
Agent's Base Rate plus the Applicable Margin plus 2.0% per annum.

The Debtors will pay the DIP Lenders a fee of 0.25% per annum on
the unused available DIP Facility, payable monthly in arrears to
the DIP Agent for the ratable account of the DIP Lenders.

A per annum participation fee equal to the 4.0% on the face amount
of each letter of credit payable monthly in arrears will be paid
to the lenders.  A fee of 0.125% on the face amount of each letter
of credit issued, or the term of which is extended, will be paid
to the DIP Agent for its own account, together with the DIP
Agent's standard documentary and processing charges in connection
with the issuance, amendment, cancellation, negotiation, drawing
under or transfer of any letter of credit.

The DIP Lenders will be granted first-priority priming, valid,
perfected and enforceable liens to the DIP Agent, and
superpriority administrative expense claim status to the DIP
Agent.

In exchange for the use of cash collateral, prepetition secured
parties will be granted: (i) additional and replacement security
interests in and liens upon all the collateral, which security
interests and liens will be junior to the DIP liens the carve-out,
permitted prior encumbrances, and other liens consented to in
writing by the required prepetition lenders; (ii) an allowed
superpriority administrative expense claim; (iii) payment of
hedging liability and funds transfer and deposit account
liability, as and when due; and (iv) payment of costs, expenses,
indemnities and other amounts with respect to the prepetition
liabilities hereafter arising in accordance with the prepetition
credit agreement and the interim court order.  Accrual of interest
at the default rate set forth in the prepetition credit agreement
will become due and payable on the termination date with respect
to the prepetition liabilities.

The Court has set a final hearing for November 4, 2010, at
2:30 p.m. on the Debtors' request to obtain DIP financing and use
cash collateral.

                    About International Garden

Damascus, Oregon-based 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 filed for Chapter 11 bankruptcy protection on
October 4, 2010 (Bankr. D. Del. Case No. 10-13207).

Andrew R. Remming, Esq., and Derek C. Abbott, Esq., at Morris,
Nichols, Arsht & Tunnell, assist the Debtor in its restructuring
effort.

Bryan Cave LLP is the Debtor's legal counsel.  FTI Consulting is
the Debtor's restructuring adviser.

The Debtor estimated its assets and debts at $10 million to
$50 million.

Affiliates Weeks Wholesale Rose Grower (Bankr. D. Del. Case No.
10-13208), California Nursery Supply (Bankr. D. Del. Case No. 10-
13209), Iseli Nursery, Inc. (Bankr. D. Del. Case No. 10-13210),
and Old Skagit, Inc. (Bankr. D. Del. Case No. 10-13211) filed
separate Chapter 11 petitions.


INTERNATIONAL GARDEN: Gets Nod to Hire Garden City as Claims Agent
------------------------------------------------------------------
International Garden Products, Inc., et al., sought and obtained
authorization from the Hon. Kevin J. Carey of the U.S. Bankruptcy
Court for the District of Delaware to employ The Garden City
Group, Inc., as notice, claims and balloting agent, effective as
of the Petition Date.

GCG will, among other things:

     a. serve required notices and other pleadings;

     b. within three business days after the service of a
        particular notice, prepare for filing with the Clerk's
        Office a certificate or affidavit of service that includes
        a list of persons on whom the notice was served, along
        with their addresses, and the date and manner of service;

     c. assist the Debtors in the collection of information and
        preparation of the schedules; and

     d. maintain a copy of the Debtors' schedules listing the
        Debtors' known creditors and the amounts owed thereto and
        the matrix listing all other interested parties.

The Debtors will pay GCG, among other things, a retainer of
$10,000.  A copy of GCG's services agreement with the Debtors is
available for free at:

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

Emily S. Gottlieb, GCG's senior director, 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.

                    About International Garden

Damascus, Oregon-based 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 filed for Chapter 11 bankruptcy protection on
October 4, 2010 (Bankr. D. Del. Case No. 10-13207).

Andrew R. Remming, Esq., and Derek C. Abbott, Esq., at Morris,
Nichols, Arsht & Tunnell, assist the Debtor in its restructuring
effort.

Bryan Cave LLP is the Debtor's legal counsel.  FTI Consulting is
the Debtor's restructuring adviser.

The Debtor estimated its assets and debts at $10 million to
$50 million.

Affiliates Weeks Wholesale Rose Grower (Bankr. D. Del. Case No.
10-13208), California Nursery Supply (Bankr. D. Del. Case No. 10-
13209), Iseli Nursery, Inc. (Bankr. D. Del. Case No. 10-13210),
and Old Skagit, Inc. (Bankr. D. Del. Case No. 10-13211) filed
separate Chapter 11 petitions.


INTERNATIONAL GARDEN: Wants Additional 30 Days to File Schedules
----------------------------------------------------------------
International Garden Products, Inc., et al., ask the U.S.
Bankruptcy Court for the District of Delaware to extend by an
additional 30 days the deadline for the filing of schedules of
assets and liabilities and statements of financial affairs.

The Debtors say that due to the nature of their businesses, due to
the size and complexity of the Debtors' businesses, the fact that
there are multiple Debtors and a large number of potential
creditors, the limited staff available to perform the required
internal review of the Debtors' business and affairs, and the
pressure of numerous other matters incident to the commencement of
the Debtors' cases, the automatic 16-day extension provided under
Local Rule 1007-1(b) would be insufficient.

                    About International Garden

Damascus, Oregon-based 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 filed for Chapter 11 bankruptcy protection on
October 4, 2010 (Bankr. D. Del. Case No. 10-13207).

Andrew R. Remming, Esq., and Derek C. Abbott, Esq., at Morris,
Nichols, Arsht & Tunnell, assist the Debtor in its restructuring
effort.

Bryan Cave LLP is the Debtor's legal counsel.  FTI Consulting is
the Debtor's restructuring adviser.

The Debtor estimated its assets and debts at $10 million to
$50 million.

Affiliates Weeks Wholesale Rose Grower (Bankr. D. Del. Case No.
10-13208), California Nursery Supply (Bankr. D. Del. Case No. 10-
13209), Iseli Nursery, Inc. (Bankr. D. Del. Case No. 10-13210),
and Old Skagit, Inc. (Bankr. D. Del. Case No. 10-13211) filed
separate Chapter 11 petitions.


JASMINE APARTMENTS: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Jasmine Apartments, Inc.
        6053 Miramar Parkway
        Hollywood, FL 33023

Bankruptcy Case No.: 10-20668

Chapter 11 Petition Date: October 4, 2010

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

Judge: Robert L. Jones

Debtor's Counsel: Todd Jeffrey Johnston, Esq.
                  MCWHORTER COBB & JOHNSON, LLP
                  1722 Broadway
                  Lubbock, TX 79401
                  Tel: (806) 762-0214
                  Fax: (806) 762-8014
                  E-mail: tjohnston@mcjllp.com

Scheduled Assets: $3,906,250

Scheduled Debts: $2,856,549

A list of the Company's three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txnb10-20668.pdf

The petition was signed by Joseph Kuruvila, president.


JMG EXPLORATION: Posts $16,827 Net Loss in June 30 Quarter
----------------------------------------------------------
JMG Exploration, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $16,827 on $20,700 of revenue for the
three months ended June 30, 2010, compared with a net loss of
$214,781 $20,700 of revenue for the same period of 2009.

As of June 30, 2010, JMG has an accumulated deficit of
$26.7 million and has insufficient working capital to fund
development and exploratory drilling opportunities.  Following the
collection of its loan receivable in May 2010, JMG has sufficient
working capital to maintain the current level of operations
through at least December 31, 2011.  Raising additional capital is
not considered a viable strategy.  JMG is presently exploring a
range of strategic alternatives, including the possible sale or
merger with another party.

The Company's balance sheet at June 30, 2010, showed $1.8 million
in total assets, $259,197 in total liabilities, and stockholders'
equity of $1.8 million.

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

               http://researcharchives.com/t/s?6c5f

                      About JMG Exploration

Pasadena, Calif.-based JMG Exploration, Inc., was incorporated
under the laws of the State of Nevada on July 16, 2004, for the
purpose of exploring for oil and natural gas in the United States
and Canada.  In August 2004, two private placements totaling
$8.8 million were completed and exploration activities commenced.
All of the properties under development, with the exception of the
Pinedale natural gas wells, have not met with developmental
objectives and have been sold as of January 2008.


KENDYL JACOX: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Kendyl LaMarc Jacox
        50 Schubach Dr.
        Sugar Land, TX 77479

Bankruptcy Case No.: 10-38674

Chapter 11 Petition Date: October 1, 2010

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

Judge: Karen K. Brown

Debtor's Counsel: Dawn Guilliams, Esq.
                  WILLIAMS BIRNBERG
                  2000 Bering Dr., Ste 909
                  Houston, TX 77057
                  Tel: (713) 981-9595
                  Fax: (713) 981-8670
                  E-mail: dguilliams@wba-law.com

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

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

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


LARRY LESLIE: Case Summary & Largest Unsecured Creditor
-------------------------------------------------------
Debtor: Larry Solomon Leslie
        P.O. Box 609
        Cowen, WV 26206

Bankruptcy Case No.: 10-02116

Chapter 11 Petition Date: October 5, 2010

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

Judge: BK Patrick M. Flatley

Debtor's Counsel: Thomas H. Fluharty, Esq.
                  408 Lee Avenue
                  Clarksburg, WV 26301
                  Tel: (304) 624-7832
                  Fax: (304) 622-7649
                  E-mail: THFDEBTATTY@wvdsl.net

Scheduled Assets: $877,840

Scheduled Debts: $3,500,000

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

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
BB&T                      Deed of Trust          $3,500,000
PO Box 580002
Charlotte NC 28258-0002


MARK SPARROW: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: Mark Charles Sparrow
               Dawn Marie Sparrow
               865 WC Ranch Rd
               Willow City, TX 78675

Bankruptcy Case No.: 10-12841

Chapter 11 Petition Date: October 4, 2010

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

Judge: Craig A. Gargotta

Debtor's Counsel: B. Weldon Ponder, Jr., Esq.
                  Building 3, Suite 200
                  4601 Spicewood Springs Rd
                  Austin, TX 78759-7841
                  Tel: (512) 342-8222
                  Fax: (512) 342-8444
                  E-mail: welpon@austin.rr.com

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

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

A list of the Joint Debtors' nine largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/txwb10-12841.pdf


MARSICO PARENT: Cut by S&P to 'CC' as Debt Restructuring Starts
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
ratings on Marsico Parent Co. LLC, including lowering the long-
term counterparty credit rating to 'CC' from 'CCC+' and the rating
on $600 million senior subordinated notes due January 2016 to 'CC'
from 'CCC-'.  S&P also affirmed the 'CCC+' rating on Marsico's
$1.0 billion senior secured term loan due December 2014.  The
outlook is negative.

The rating actions follow Marsico's commencement of a major
restructuring of debt issued by Marsico Parent Co. and two unrated
holding companies (Marsico Parent Holdco LLC and Marsico Parent
Superholdco LLC).  The restructuring is due to the heavy debt
burden at the consolidated organization, which is compounded by
significant declines in assets under management at the operating
company.  Marsico is a boutique asset manager that specializes in
large-cap growth stocks.  Its AUM, the principal driver of top-
line revenues, has fallen by more than 50% from its peak in 2007
to about $48 billion.

The $600 million 10.625% senior subordinated notes due January
2016, issued by Marsico, will be exchanged for $600 million senior
subordinated notes due 2020.  Marsico Holdings LLC, a newly
established holding company, will issue these notes.  The cash
interest on these notes can vary between 0% and 15%, depending on
company performance.  These senior subordinated noteholders will
get a 30% equity stake in Marsico Holdings LLC.  Due to the
maturity extension and the variability of the periodic cash
interest payment, S&P believes existing noteholders are receiving
less than originally promised; hence, the downgrade.

The $1.0 billion senior secured term loan due December 2014 to
Marsico will be amended and remain outstanding, with Marsico
Holdings LLC added as a borrower.  Principal, interest, and the
maturity date remain the same.  The amended term loan will have a
higher periodic principal amortization rate and current noncash
back-end fees, in certain situations, based on balances toward
final maturity.  S&P believes existing creditors are receiving
value no less than originally promised.  Therefore, S&P is
affirming the rating on the senior secured term loan.

All unrated debt and preferred stock issued by Holdco and
Superholdco will convert into a 19% equity stake in Marsico
Holdings LLC.  Management will own the remaining 51% of Marsico
Holdings LLC.

"When the debt exchange is complete, S&P will lower its long-term
counterparty credit rating on Marsico to 'SD' and its rating on
its $600 million senior subordinated notes to 'D'," said Standard
& Poor's credit analyst Charles D. Rauch.  The negative outlook
incorporates S&P's belief that the fundamental prospects for the
company's asset management business will not materially improve in
the near term.  This is because equities have fallen out of favor
with investors and net asset flows at Marsico remain negative.
"Even under its most optimistic scenario, S&P does not foresee
Marsico generating enough cash flow from operations to repay the
$1.0 billion senior secured term loan in full when it comes due in
December 2014," he continued.


MERUELO MADDUX: Can Access Cash Collateral Until January 31
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized, on final basis, Meruelo Maddux Properties Inc., and
its debtor-affiliates to access the cash which the cash collateral
creditors claim an interest.

The Debtors can expend the funds necessary to operate and preserve
their business until January 31, 2011.  The Debtors may also
utilize the cash collateral to perform their obligations under the
settlement between certain Debtors and FNBN-CMLCON I, LLC.  The
Debtors must not deviate in the usage of cash collateral by
more than 20% in the aggregate of all the line item expenditures.

Any excess cash collateral may be utilized by any other Debtor to
pay its ordinary direct costs and expenses of preserving,
maintaining and operating its property and business, including the
general administrative expenses provided by Service Level Debtors.

As adequate protection for any diminution in value of the lenders'
collateral, the Debtors will grant the each of the cash collateral
creditors replacement lien in its respective postpetition cash
collateral, with the same force, effect, validity and priority of
the liens held prepetition.

Additionally, the Debtors must maintain and preserve the cash
collateral properties by payment of the ordinary expenses for
maintaining and preserving the real property collateral; and
pay real property taxes due and payable on and after November 1,
2009, owing to the County of Los Angeles assessed against the cash
collateral properties on or before the date on which the taxes are
payable and due without penalty.

                       About Meruelo Maddux

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


MERUELO MADDUX: Wants More Time to Obtain Plan Outline Approvals
----------------------------------------------------------------
Meruelo Maddux Properties Inc., and its debtor-affiliates ask the
U.S. Bankruptcy Court for the Central District of California to
extend their exclusive periods until November 26, 2010.

The Debtors relate that the requested extension will provide them
and the other plan proponents sufficient time to obtain final
approvals of their disclosure statements, submit the plans to
creditors for voting, and complete the balloting process.

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


METRO-GOLDWYN-MAYER: Lions Gate Presents New Merger Offer
---------------------------------------------------------
Claudia Eller, writing for The Los Angeles Times, reports that
people close to the matter said Lions Gate Entertainment has made
another merger proposal to Metro-Goldwyn-Mayer Inc. lenders, which
would give the MGM lenders a 55% stake in the merged company.

Ms. Eller notes the development comes one day before Lions Gate is
scheduled to square off in a Canadian court with dissident
shareholder Carl Icahn.  She says the proposed merger appears to
be a defensive move on the part of Lions Gate management, which
has been under assault by Mr. Icahn for more than a year.

MGM's current bankruptcy plan calls for Spyglass Entertainment
principals Gary Barber and Roger Birnbaum to take over the
management of the studio along with a minority ownership stake of
just under 5%.  That plan is subject to approval by approximately
100 MGM lenders.  The votes are due October 22.  LA Times notes if
the lenders end up favoring an alternative bid from Lions Gate or
any other party, they're on the hook to pay Spyglass a breakup fee
of $4 million to $5 million.

According to LA Times, the wild card in any scenario is Mr. Icahn.
Although he's been battling Lions Gate management, claiming the
company has been poorly run, he has also signaled that he'd be
willing to consider a merger between Lions Gate and MGM, which
many industry observers consider logical.

Moreover, Mr. Icahn recently has been accumulating debt in MGM,
fueling speculation that he might make another run at MGM.

In June, Lions Gate was in merger talks with MGM after previously
making a bid to buy the hobbled studio for $1.4 billion. Lions
Gate was told its offer was too low.

                        Prepack Bankruptcy

As reported by the Troubled Company Reporter on October 8, 2010,
MGM has begun a solicitation of votes from its secured lenders for
a pre-packaged plan of reorganization.  MGM expects to continue
normal business operations throughout the restructuring process.
The Plan provides for MGM's employees, vendors, participants,
guilds, and licensees to be unimpaired.

The Plan provides for MGM's secured lenders to exchange more than
$4 billion in outstanding debt for approximately 95.3% of equity
in MGM upon its emergence from Chapter 11.  Spyglass Entertainment
would contribute certain assets to the reorganized company in
exchange for approximately 0.52% of the reorganized company.  In
addition, two entities owned by Spyglass affiliates -- Cypress
Entertainment Group, Inc. and Garoge, Inc. -- will merge with and
into a subsidiary of MGM, with the MGM subsidiary as the surviving
entity.  The stockholders of Cypress and Garoge will receive
approximately 4.17% of the reorganized company in exchange.

Following the receipt of the requisite consents from secured
lenders during the solicitation period, and to implement the debt
restructuring, MGM intends to commence pre-packaged Chapter 11
cases under the U.S. Bankruptcy Code and seek confirmation of the
Plan.  Gary Barber and Roger Birnbaum, currently Co-Chairman and
Chief Executive Officer of Spyglass Entertainment, would serve as
the Co-Chairman and Chief Executive Officer of MGM following the
company's emergence from Chapter 11.

The deadline for the Company's secured lenders to vote on the Plan
is October 22, 2010, unless extended.  Only holders of secured
debt as of October 4, 2010 under MGM's April 8, 2005 Credit
Agreement will be solicited.

The Wall Street Journal's Mike Spector and Lauren A. E. Schuker
report that if MGM gets enough creditor support, it hopes to spend
roughly two months under Chapter 11 bankruptcy protection.  When
it exits bankruptcy, MGM's ambitions will be scaled back to making
only a handful of new movies each year.  The studio plans to tap a
new $500 million credit line to finance new film production,
people familiar with the matter said, far less than the company
had originally envisioned.

MGM is grappling with $3.7 billion in debt.  MGM has received a
series of forbearance agreements from its bondholders and lenders,
wherein the lenders extended the period during which MGM won't
have to pay principal and interest on its bank debt, including a
revolving credit facility.  The latest forbearance agreement
expires October 29.

MGM tried to sell itself in March 2010 but received low bids.
According to The Wall Street Journal, Sahara India Pariwar offered
a bit more than $2 billion for MGM in September, but the studio's
creditors rejected the overture.

MGM has hired investment bank Moelis & Company and the law firm
Skadden, Arps, Slate, Meagher & Flom.  In August 2009, it hired
the restructuring expert Stephen F. Cooper to help lead the
company.

Sayantani Ghosh and Sakthi Prasad, writing for Sify Finance,
report that Carl Icahn said he supported Lions Gate Entertainment
Corp's proposal to merge with MGM.

"We believe this proposal as submitted is far better for MGM
holders than the current proposal to combine MGM with Spyglass,"
Mr. Icahn said in a statement, according to the report.

Mr. Icahn, who is Lions Gate's largest shareholder, with over 37%
ownership as of end August, also holds half a billion dollars of
MGM's debt.

                      About Metro-Goldwyn-Mayer

Metro-Goldwyn-Mayer, Inc., is an independent, privately held
motion picture, television, home video, and theatrical production
and Distribution Company.  The Company owns the world's largest
library of modern films, comprising approximately 4,000 titles,
and over 10,400 episodes of television programming.  An investor
consortium, comprised of Providence Equity Partners, TPG Capital,
Sony Corporation of America, Comcast Corporation, DLJ Merchant
Banking Partners and Quadrangle Group, owns MGM.


MILBANK REAL ESTATE: Would-Be Buyer of Bronx Buildings Backs Out
----------------------------------------------------------------
Daniel Massey, writing for Crain's New York Business, said last
week that New York City housing officials were slated to meet
yesterday with LNR Property Corp., the special servicer overseeing
the $35 million mortgage on 10 run-down, foreclosed Bronx
buildings, and the debt's would-be purchaser in an effort to
broker a deal that ensures the dilapidated properties will be
repaired and maintained.

Crain's said the transfer of the mortgage had been scheduled for
Tuesday, but instead LNR went into Bronx Supreme Court and told a
judge that the buyer would not close on the $35 million deal.
Crain's says the buyer's name has not been publicly revealed, but
sources say it is Bronx-based Chestnut Holdings.  Facing scrutiny
from tenants, city officials and housing advocates, Chestnut got
cold feet and refused to close the deal, sources say.

According to Crain's, city housing officials have voiced "serious
concerns" about the extent of rehabilitation needed on the 10
buildings, bought by Los Angeles-based Milbank Real Estate in
2007, and how the renovations would be financed.  An architect's
report released by the City Council two weeks ago pegged the total
repair cost at as much as $26.6 million.  Crain's reported that
Council Speaker Christine Quinn and several members will host a
separate meeting Thursday with LNR and the buyer in an effort to
get LNR to lower the debt.


MMHJ INVESTMENTS: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: MMHJ Investments, Inc.
        451 Lake Forest Drive
        McKinney, TX 75070

Bankruptcy Case No.: 10-43466

Chapter 11 Petition Date: October 4, 2010

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

Debtor's Counsel: Daniel C. Durand, III, Esq.
                  DURAND & ASSOCIATES, P.C.
                  522 Edmonds, Ste. 101
                  Lewisville, TX 75067
                  Tel: (972) 221-5655
                  E-mail: bankruptcy@durandlaw.com

Estimated Assets: $0 to $50,000

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

A list of the Company's two largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txeb10-43466.pdf

The petition was signed by Hernan P. Olivares, president.


MNE BROADCASTING: Case Summary & 18 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: MNE Broadcasting, LLC
        P.O. Box 21509
        Roanoke, VA 24018

Bankruptcy Case No.: 10-72381

Chapter 11 Petition Date: October 1, 2010

Court: United States Bankruptcy Court
       Western District of Virginia (Roanoke)

Judge: Ross W. Krumm

Debtor's Counsel: Mark A. Black, Esq.
                  BRUMBERG MACKEY & WALL PLC
                  P.O. Box 2470
                  30 W Franklin Road, Suite 800
                  Roanoke, VA 24010
                  Tel: (540) 343-2956
                  E-mail: mblack@bmwlaw.com

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

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

A list of the Company's 18 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/vawb10-72381.pdf

The petition was signed by Melvin Eleazer, managing member.


MOVIE GALLERY: Seeks Probe Into Former Worker's Conduct
-------------------------------------------------------
Bankruptcy Law360 reports that Movie Gallery Inc. has asked a
bankruptcy judge to appoint an examiner to investigate a former
employee who allegedly attempted to trade confidential information
to a potential buyer of a portion of the company's assets in
return for a job.

The Company suspects Jason Grosz, who ran the Company's Video
Library business, attempted to undercut the sale of assets
associated with that business by offering confidential
information, according to Law360.

                         About Movie Gallery

Based in Wilsonville, Ore., Movie Gallery, Inc., is the second
largest North American video and game rental company, operating
stores in the U.S. and Canada under the Movie Gallery, Hollywood
Video and Game Crazy brands.

Movie Gallery first filed for Chapter 11 on Oct. 16, 2007 (Bankr.
E.D. Va. Case Nos. 07-33849 to 07-33853).  Kirkland & Ellis LLP
and Kutak Rock LLP represented the Debtors.  The Company emerged
from bankruptcy on May 20, 2008, with private-investment firms
Sopris Capital Advisors LLC and Aspen Advisors LLC as its
principal owners.  William Kaye was appointed plan administrator
and litigation trustee.

Movie Gallery returned to Chapter 11 protection on February 3,
2009 (Bankr. E.D. Va. Case No. 10-30696).  Attorneys at
Sonnenschein Nath & Rosenthal LLP and Kutak Rock LLP represent the
Debtors in their second restructuring effort.  Kurtzman Carson
Consultants serves as claims and notice agent.

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


MPI AZALEA: Affiliate Files Schedules of Assets and Liabilities
---------------------------------------------------------------
Miles Properties, Inc., a debtor-affiliate of MPI Azalea, LLC,
filed with the U.S. Bankruptcy Court for the Northern District of
Georgia its schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $16,673,605
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $1,233,737
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $22,877
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $20,002,714
                                 -----------      -----------
        TOTAL                    $16,673,605      $21,259,328

                       About MPI Azalea

Atlanta, Georgia-based MPI Azalea, LLC, aka Highland Brooke
Apartments and its affiliates filed for Chapter 11 on January 8,
2010 (Bankr. N.D. Ga. Lead Case No. 09-60803).  Jimmy C. Luke,
Esq., at Foltz Martin, LLC assists the Debtor in its restructuring
effort.  In its petition, the Debtor estimated assets and
liabilities at $10 million to $50 million.


MPI AZALEA: Wants Properties Sale and Plan Funding Approved
-----------------------------------------------------------
MPI Azalea, LLC, and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Northern District of Georgia to extend their
exclusive periods to file and solicit acceptances for their
proposed Plan of Reorganization until November 30, 2010, and
December 31, respectively.

The Debtors also ask the Court to approve their entry into a
letter of intent for a plan funding arrangement, and granting
related relief to allow a market test of the plan funding
arrangement proposed, including the approval of bidding
procedures.

The letter of intent and the proposed Plan contemplate a sale of
the properties to the proposed purchaser, subject to higher or
better bids.  Under the Plan, the proposed purchaser will, through
eight new entities, purchase the eight residential apartment
complexes, and assume the debt owed to Wells Fargo Bank, N.A.,
successor in interest to Wachovia Bank, N.A.

The proposed purchaser will also re-capitalize the properties by
injecting $1,050,000 in equity, to be used to enhance the
properties and their profitability, and to fund $250,000 to a
liquidating trust under the Plan or fund a distribution to
holders of allowed unsecured claims against the Debtors.  The
proposed purchaser will also (i) provide a new guarantor of the
debt owed to Wachovia, (ii) form a new holding company for the
eight owners, with that holding company assuming the debt
owed by MPI Portfolio to Arbor Realty Mortgage Securities 2004-1,
Ltd. and Arbor Realty Funding LLC, and (iii) agree to retain
Hediger Enterprises, Inc. as property manager for the eight
Properties for at least 90 days after closing.

The terms of the letter of intent includes:

Deadline for Bids:        November 5 at 5:00 p.m. (Eastern time)

Auction:                  November 10 beginning at 10:00 a.m. at
                          the offices of Alston & Bird LLP, 1201
                          West Peachtree Street, Atlanta, Georgia

Break-up Fee              $600,000

The Debtors expect to file a Plan and a related disclosure
statement in the coming days.

                       About MPI Azalea

Atlanta, Georgia-based MPI Azalea, LLC, aka Highland Brooke
Apartments and its affiliates filed for Chapter 11 on January 8,
2010 (Bankr. N.D. Ga. Lead Case No. 09-60803).  Jimmy C. Luke,
Esq., at Foltz Martin, LLC assists the Debtor in its restructuring
effort.  In its petition, the Debtor estimated assets and
liabilities at $10 million to $50 million.


NALINI INVESTMENTS: Case Summary & 5 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Nalini Investments, Inc.
        723 Hot Wells Blvd.
        San Antonio, TX 78223

Bankruptcy Case No.: 10-53839

Chapter 11 Petition Date: October 4, 2010

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Ronald B. King

Debtor's Counsel: James Samuel Wilkins, Esq.
                  WILLIS & WILKINS, LLP
                  100 W Houston St, Suite 1275
                  San Antonio, TX 78205
                  Tel: (210) 271-9212
                  Fax: (210) 271-9389
                  E-mail: jwilkins@stic.net

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

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

A list of the Company's five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-53839.pdf

The petition was signed by Pradip R. Bhakta, president.


NATIONAL BENEVOLENT: 8th Cir. Keeps Weil Malpractice Suit Alive
---------------------------------------------------------------
Leigh Jones at The National Law Journal reports that the U.S.
Bankruptcy Appellate Panel for the 8th Circuit on Friday reversed
the dismissal of a legal malpractice action filed by the National
Benevolent Association of the Christian Church (Disciples of
Christ) and by the attorney general of Missouri against Weil
Gotshal & Manges.  The report says the panel ruled that the
bankruptcy court erred by not remanding the case to state court.
The appeals court remanded the case back to bankruptcy court and
directed that court to remand the case to Missouri state court.

The religious group and Missouri Attorney General Chris Koster
sued Weil Gotshal for allegedly mishandling the nonprofit
organization's bond debt during a restructuring effort.  The
organization ultimately filed for Chapter 11 bankruptcy in 2004.
The report notes the malpractice action has bounced around from
Missouri state court to bankruptcy court, to district court and
two federal circuit courts.

The association is represented by Daniel Sheehan, Esq., principal
at Daniel Sheehan & Associates.

According to the report, Weil Gotshal spokeswoman said in a
statement, "This case has been repeatedly dismissed and we are
confident that it will be dismissed again if it returns to State
Court."

The report says Judge Jerry Venters wrote the decision.  Also on
the bankruptcy panel were judges Robert Kressel and Thomas
Saladino.

Headquartered in Saint Louis, Missouri, The National Benevolent
Association of the Christian Church (Disciples of Christ) --
http://www.nbacares.org/-- manages more than 70 facilities
financed by the Department of Housing and Urban Development and
owns and operates 18 other facilities, including 11 multi-level
older adult communities, four children's facilities and three
special-care facilities for people with disabilities.  The non-
profit organization filed for chapter 11 protection on February
16, 2004 (Bankr. W.D. Tex. Case No. 04-50948).  Alfredo R. Perez,
Esq., at Weil, Gotshal & Manges, LLP, represented the Debtors in
their restructuring efforts.  When the Debtor filed for protection
from its creditors, it listed more than $200 million in debts and
assets at that time.  The organization emerged from chapter 11
protection on April 15, 2005.


NEFF CORP: GE Capital is Co-Agent for $175-Mil. Exit Revolver
-------------------------------------------------------------
GE Capital, Restructuring Finance disclosed that it is co-agent
for a $175 million plan of reorganization revolving credit
facility to Neff Rental, Inc., a national construction equipment
rental company.  The financing supports working capital needs as
the company emerges from Chapter 11. GE Capital Markets served as
joint lead arranger.

Established in 1989, Miami, FL-based Neff Rental owns and operates
62 equipment rental locations in 14 states throughout the
southeastern, gulf and western regions of the U.S.  The company
primarily serves the construction, industrial and government
sectors.

"With the help of GE Capital, this completes our prearranged
financial restructuring," said Mark Irion, CFO for Neff Rental,
Inc.  "GE helped to provide the liquidity and financial
flexibility we needed to execute our turnaround plan and begin a
new chapter."

"Construction equipment rental was hit extremely hard by the
recent downturn," said Jim Hogan, senior managing director, GE
Capital, Restructuring Finance.  "Throughout the ups and downs of
the economy, we specialize in helping management and their
advisors

                           About Neff Corp.

Privately held Neff Corp., doing business as Neff Rental, provides
construction companies, golf course developers, industrial plants,
the oil industry, and governments with reliable and quality
equipment that is delivered on time where it is needed.  With more
than 1,000 employees operating from branches coast to coast, Neff
Rental is ranked by Rental Equipment Register (RER) magazine as
one of the nation's 10 largest  equipment rental companies.

Neff Corp. and its units, including Neff Rental Inc. filed for
Chapter 11 on May 17, 2010 (Bankr. S.D.N.Y. Case No. 10-12610).

Based in Miami, Neff had assets of $299 million and debt of
$609 million as of the Petition Date, according to the disclosure
statement explaining the plan.  Funded debt totals $580 million.
Revenue in 2009 was $192 million.

Neff selected an affiliate of Wayzata Investment Partners as the
successful bidder to sponsor its reorganization plan.  The Plan
provides (i) cash recoveries available to second lien lenders
of $73 million, (ii) payment in full in cash or right to
participate in a rights offering for up to $181.6 million for
first lien lenders.  In October, Neff Rental and its affiliates
emerged from Chapter 11.


NEW JERSEY: Transport Trust Fund Faces Liquidity Crunch
-------------------------------------------------------
Mark J. Magyar, adjunct professor in the Rutgers University School
of Labor and Management Relations, wrote for the NJ Spotlight that
New Jersey's Transportation Trust Fund is nearly bankrupt.  The
TTF, which is used to pay for regular road and bridge maintenance,
is slated to run out of money next year.

According to Prof. Magyar, within 10 days, New Jersey Governor
Chris Christie will have to make one of the most difficult
political and policy choices of his political career -- whether to
compromise with federal officials on a new plan for the $8.7
billion rail passenger tunnel that would keep on track the largest
public works project in the nation, or to give up the tunnel and
the $3 billion in federal aid that comes along with it, to provide
a short-term fix for the TTF.

According to Prof. Magyar's article, Gov. Christie made a
preemptory announcement late last week that he would kill the ARC
-- Access to the Region's Core -- tunnel despite 20 years of
planning, a $3 billion grant in federal funding for construction
jobs and perhaps repaying the federal government $300 million it
has already spent on the project.  Gov. Christie has been heavily
criticized for the move by Democrats, planners, and transportation
experts who say the decision will put a stranglehold on the
state's economic growth.

The article says Gov. Christie has ruled out raising the state's
gas tax, one of the lowest in the nation, to replenish the fund.

According to the article, without the ARC tunnel, the $3 billion
dedicated to the project by the federal Department of
Transportation would be lost to other states.  The Port Authority
funding dedicated to the ARC tunnel could be redirected to major
projects in the port region, which is generally defined as within
25 miles of the Statue of Liberty.


NORTHBROOK DEVELOPMENT: Wants Until February 4 to File Ch. 11 Plan
------------------------------------------------------------------
The Hon. Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland extended Northbrook Development Parcel Owner,
LP's exclusive periods to file and solicit acceptances for the
proposed Chapter 11 Plan until February 4, 2011, and April 6,
respectively.

Rockville, Maryland-based Northbrook Development Parcel Owner, LP,
filed for Chapter 11 bankruptcy protection on June 9, 2010 (Bankr.
D. Md. Case No. 10-22983).  Bradford F. Englander, Esq., at
Whiteford Taylor & Preston, L.L.P., assists the Debtor in its
restructuring effort.  The Company disclosed $15,556,894 in
assets and $16,171,421 in liabilities as of the Petition Date.

The Company's affiliate, Jersey Island Owner, LLC, filed separate
Chapter 11 petition on June 9, 2010 (Case No. 10-22970).


OLD COLONY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Old Colony, LLC
          dba The Inn At Jackson Hole
        36 Columbus Avenue
        Saugus, MA 01906-2303

Bankruptcy Case No.: 10-21100

Chapter 11 Petition Date: October 11, 2010

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

Judge: Henry J. Boroff

Debtor's Counsel: Donald F. Farrell, Jr., Esq.
                  ANDERSON AQUINO LLP
                  240 Lewis Wharf
                  Boston, MA 02110
                  Tel: (617) 723-3600
                  Fax: (617) 723-3699
                  E-mail: dff@andersonaquino.com

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

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

The petition was signed by Joseph Cuzzupoli, manager.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Erik Grunigen                      Loan                   $100,000
RGO Partnership
1340 Centre Street
Newton Street, MA 02459

Wyoming Department Of Revenue      Sales Tax               $30,466
Herschler Building
122 W 14th Street
Cheyenne, WY 82002-0110

High Country Linen                 Trade Debt              $12,909
P.O. Box 1729
Jackson, WY 83002

Maintenance Masters                Trade Debt              $11,310

Lower Valley Energy                Trade Debt              $11,134

Sabre Hospitality Solutions        Trade Debt               $7,575

Teton Village Water & Sewer        Trade Debt               $6,520

S&S Services, Inc                  Trade Debt               $3,157

Guest Supply                       Trade Debt               $1,277

Jackson Hole Chamber Of Commerce   Trade Debt               $1,230

Ski.Com                            Trade Debt               $1,207

Bresnan Communications             Trade Debt               $1,030

Vertical Media                     Trade Debt                 $868

Compunet                           Trade Debt                 $661

ThyssenKrupp Elevator              Trade Debt                 $614

Circumerro Publishing Group        Trade Debt                 $600

Westbank Sanitation                Trade Debt                 $595

Lato Supply Corporation            Trade Debt                 $469

In The Swim                        Trade Debt                 $411

Lodgenet Entertainment Corp.       Trade Debt                 $409


OMEGA MINISTRIES: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Omega Ministries of Tyler, Inc.
        202 North Parkdale Drive
        Tyler, TX 75702

Bankruptcy Case No.: 10-61086

Chapter 11 Petition Date: October 4, 2010

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

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  8140 Walnut Hill Lane, Suite 301
                  Dallas, TX 75231
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: courts@joycelindauer.com

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

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

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

The petition was signed by Demarcus Pierson, pastor.


ONE VISION PARK: Ohayon Has Small Chance of Prevailing on Appeal
----------------------------------------------------------------
On September 10, 2010, the court held a hearing on the joint
Motion filed by Ohayon Investments, LLC and Michael Ohayon for a
stay pending appeal of three orders entered on July 12, 2010: (1)
an order denying Ohayon's motion for reconsideration of the Order
Disallowing Claim No. 22; (2) an order denying Ohayon Investment
LLC's motion for reconsideration of the Order Disallowing Claim
No. 36; and (3) an order denying the motion of Ohayon Investments,
LLC to excuse and permit the late filing of claim no. 36.

The Hon. Thomas E. Carlson denies the motion for stay pending
appeal, notwithstanding the possibility of irreparable harm to
Ohayon Investments, LLC and Michael Ohayon, because these
claimants have a very small chance of prevailing on appeal.

A copy of the Court's order is available at http://is.gd/fYBTw
from Leagle.comf.

Based in Atherton, California, One Vision Park, Inc., filed for
chapter 11 bankruptcy protection (Bankr. N.D. Calif. Case No.
09-31130) on April 30, 2009.  The Debtor's petition estimated
$10 million to $50 million in assets and $1 million to $10 million
in debts.


OTC HOLDINGS: Committee Taps Ashby & Geddes as Delaware Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of OTC Holdings Corporation, et al., asks the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Ashby & Geddes, P.A. as its Delaware counsel.

Ashby & Geddes will, among other things:

   -- provide legal services regarding the rules and practices of
      the Court applicable to the Committee's powers and duties;

   -- provide legal advise regarding any disclosure statement and
      plan files in the Debtors' Chapter 11 cases, and with
      respect to the process for approving or disapproving a
      disclosure statement and confirming or denying confirmation
      of a plan; and

   -- prepare and review applications, motions, complaints,
      answers, orders, agreements and other legal papers filed on
      behalf of the Committee and unsecured creditors.

Ashby & Geddes will coordinate with Cooley LLP, the Committee's
proposed lead counsel to avoid duplication of efforts.

The hourly rates of Ashby & Geddes' personnel are:

     William P. Bowden, member                  $590
     Leigh-Anne M. Raport, associate            $260
     Christopher Warnick, paralegal             $180

Mr. Bowden, assures the Court that Ashby & Geddes is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The Committee proposes a hearing on Ashby & Geddes' employment on
November 1, 2010, at 10:00 a.m.  Objections, if any are due
October 25 at 4:00 p.m.

Mr. Bowden can be reached at:

   Ashby & Geddes, P.A.
   500 Delaware Avenue, 8th Floor
   P.O. Box 1150
   Wilmington, DE 19899
   Tel: (302) 654-1888
   Fax: (302) 654-2067
                        About OTC Holdings

Omaha, Nebraska-based OTC Holdings Corporation filed for Chapter
11 protection on August 25, 2010 (Bankr. D. Del. Case No. 10-
12636).  Affiliates OTC Investors Corporation (Bankr. D. Del. Case
No. 10-12637), Oriental Trading Company, Inc. (Bankr. D. Del. Case
No. 10-12638), Fun Express, Inc. (Bankr. D. Del. Case No. 10-
12639), and Oriental Trading Marketing, Inc. (Bankr. D. Del. Case
No. 10-12640), filed separate Chapter 11 petitions on August 25,
2010.  The Debtors disclosed $463 million in total assets and
$757 million in total liabilities as of the Petition Date.

Richard Hahn, Esq., My Chi To, Esq., Jae-Sun Chung, Esq., Huyue
Angela Zhang, Esq., and Jessica Katz, Esq., at Debevoise &
Plimpton LLP, assist the Debtors in their restructuring efforts.
Joel A. Waite, Esq., and Kenneth J. Enos, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' local counsel.  Jefferies
& Company, Inc., is the Debtors' financial advisor.  Protiviti,
Inc., is the Debtors' restructuring consultant.  Kurtzman Carson
Consultants LLC is the Debtors' claims agent.

The Official Committee of Unsecured Creditors is represented by
Cooley LLP.


OTC HOLDINGS: Committee Taps Cooley LLP as Lead Bankruptcy Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of OTC Holdings Corporation, et al., ask the U.S. Bankruptcy
Court for the District of Delaware for permission to employ Cooley
LLP, as its lead counsel.

Cooley LLP will, among other things:

   -- attend meetings of the Committee;

   -- review financial information furnished by the Debtors to the
      Committee; and

   -- negotiate the budget and the use of the cash collateral.

Cooley LLP will represent the Committee in coordination with Ashby
& Geddes, P.A., the Committee's proposed Delaware counsel, to
avoid duplication of services.

Jeffrey L. Cohen, a partner at Cooley LLP, tells the Court that
the hourly rates of Cooley LLP's personnel are:

     Cathy R. Hershcopf, partner              $730
     Mr. Cohen                                $595
     Michael A. Klein, associate              $550
     Alex R. Velinsky, associate              $305
     Rebecca Goldstein, paralegal             $235

Mr. Cohen assures the Court that Cooley LLP is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Committee proposes a hearing on Cooley LLP's employment on
November 1, 2010, at 10:00 a.m.  Objections, if any are due
October 25 at 4:00 p.m.

Mr. Cohen can be reached at:

     Cooley LLP
     The Grace Building
     1114 Avenue of the Americas
     New York, NY 10036-7798
     Tel: (212) 479-6218
     Fax: (212) 479-5275

                        About OTC Holdings

Omaha, Nebraska-based OTC Holdings Corporation filed for Chapter
11 protection on August 25, 2010 (Bankr. D. Del. Case No. 10-
12636).  Affiliates OTC Investors Corporation (Bankr. D. Del. Case
No. 10-12637), Oriental Trading Company, Inc. (Bankr. D. Del. Case
No. 10-12638), Fun Express, Inc. (Bankr. D. Del. Case No. 10-
12639), and Oriental Trading Marketing, Inc. (Bankr. D. Del. Case
No. 10-12640), filed separate Chapter 11 petitions on August 25,
2010.  The Debtors disclosed $463 million in total assets and
$757 million in total liabilities as of the Petition Date.

Richard Hahn, Esq., My Chi To, Esq., Jae-Sun Chung, Esq., Huyue
Angela Zhang, Esq., and Jessica Katz, Esq., at Debevoise &
Plimpton LLP, assist the Debtors in their restructuring efforts.
Joel A. Waite, Esq., and Kenneth J. Enos, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' local counsel.  Jefferies
& Company, Inc., is the Debtors' financial advisor.  Protiviti,
Inc., is the Debtors' restructuring consultant.  Kurtzman Carson
Consultants LLC is the Debtors' claims agent.

The Official Committee of Unsecured Creditors' Delaware counsel is
Ashby & Geddes, P.A.


OTC HOLDINGS: Direct Fee Appointed as Chapter 11 Fee Examiner
-------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware appointed Direct Fee Review LLC, as fee
examiner in the Chapter 11 cases of OTC Holdings Corporation, et
al.

Direct Fee will, among other things:

   -- review interim fee application requests and final fee
      applications filed by each applicant in the Debtors' cases;

   -- during the course of its review of an application, consult,
      as it deems appropriate, with each applicant concerning the
      professional application; and

   -- serve the final report on counsel for the Debtors, the
      Office of the U.S. Trustee, counsel for the Committee and
      each applicant whose fees and expenses are addressed in the
      final report.

The fees and expenses of Direct Fee will be subject to application
and review, and will be paid from the Debtors' estates as an
administrative expense.  The court document did not disclose the
compensation of the fee examiner.

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

                        About OTC Holdings

Omaha, Nebraska-based OTC Holdings Corporation filed for Chapter
11 protection on August 25, 2010 (Bankr. D. Del. Case No. 10-
12636).  Affiliates OTC Investors Corporation (Bankr. D. Del. Case
No. 10-12637), Oriental Trading Company, Inc. (Bankr. D. Del. Case
No. 10-12638), Fun Express, Inc. (Bankr. D. Del. Case No. 10-
12639), and Oriental Trading Marketing, Inc. (Bankr. D. Del. Case
No. 10-12640), filed separate Chapter 11 petitions on August 25,
2010.  The Debtors disclosed $463 million in total assets and
$757 million in total liabilities as of the Petition Date.

Richard Hahn, Esq., My Chi To, Esq., Jae-Sun Chung, Esq., Huyue
Angela Zhang, Esq., and Jessica Katz, Esq., at Debevoise &
Plimpton LLP, assist the Debtors in their restructuring efforts.
Joel A. Waite, Esq., and Kenneth J. Enos, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' local counsel.  Jefferies
& Company, Inc., is the Debtors' financial advisor.  Protiviti,
Inc., is the Debtors' restructuring consultant.  Kurtzman Carson
Consultants LLC is the Debtors' claims agent.

The Official Committee of Unsecured Creditors' proposed Delaware
counsel is Ashby & Geddes, P.A.  Cooley LLP is the Committee's
proposed lead counsel.


OTC HOLDINGS: U.S. Trustee Forms 7-Member Creditors Committee
-------------------------------------------------------------
Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
members to the official committee of unsecured creditors in
the Chapter 11 cases of OTC Holdings Corporation, et al.

The Creditors Committee members are:

1. Quad Graphics
   Attn: Patricia Rydzik
   N63 W23075 State Hwy. 74
   Sussex, WI 53089
   Tel: (414) 566-2127
   Fax: (414) 566-9415

2. Yeko Trading Limited
   Attn: Jeffrey Chan
   2/F Yee Kuk Industrial Centre
   555 Yee Kuk Street
   Kowloon, Hong Kong
   Tel: (852) 2361-1368
   Fax: (852) 2725-3770

3. Google Inc.
   Attn: Caitlin Evans
   1600 Amphitheatre Pkwy.
   Mountainview, CA 94043
   Tel: 650-468-9803

4. Intertek Testing Services
   Attn: Kevin Bakko
   2200 West Loop South, Suite 200
   Houston, TX 77027
   Tel: (713) 407-3500
   Fax: (713) 407-3680

5. Lucky Worldwide Trading Co. Ltd.
   Attn: Julie Hwang
   713 W. Duarte Rd., Unit G-888
   Arcadia, CA 91007
   Tel: (626) 840-8204
   Fax: (626) 369-2508

6. Omniglow, LLC
   Attn: George Stanbury
   865 Memorial Ave., Unit 4
   West Springfield, MA 01089
   Tel: (413) 241-6010
   Fax: (413) 543-5470

7. Experian
   Attn: Stephen Grant
   475 Anton Blvd.
   Costa Mesa, CA 92626
   Tel: (714) 830-7710

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

                        About OTC Holdings

Omaha, Nebraska-based OTC Holdings Corporation filed for Chapter
11 protection on August 25, 2010 (Bankr. D. Del. Case No. 10-
12636).  Affiliates OTC Investors Corporation (Bankr. D. Del. Case
No. 10-12637), Oriental Trading Company, Inc. (Bankr. D. Del. Case
No. 10-12638), Fun Express, Inc. (Bankr. D. Del. Case No. 10-
12639), and Oriental Trading Marketing, Inc. (Bankr. D. Del. Case
No. 10-12640), filed separate Chapter 11 petitions on August 25,
2010.  The Debtors disclosed $463 million in total assets and
$757 million in total liabilities as of the Petition Date.

Richard Hahn, Esq., My Chi To, Esq., Jae-Sun Chung, Esq., Huyue
Angela Zhang, Esq., and Jessica Katz, Esq., at Debevoise &
Plimpton LLP, assist the Debtors in their restructuring efforts.
Joel A. Waite, Esq., and Kenneth J. Enos, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' local counsel.  Jefferies
& Company, Inc., is the Debtors' financial advisor.  Protiviti,
Inc., is the Debtors' restructuring consultant.  Kurtzman Carson
Consultants LLC is the Debtors' claims agent.

The Official Committee of Unsecured Creditors' proposed Delaware
counsel is Ashby & Geddes, P.A.  Cooley LLP, is the Committee's
proposed lead counsel.


PARK AVENUE BANK: Former CEO Enters Guilty Plea
-----------------------------------------------
The Associated Press reports that Charles Antonucci Sr., 59, of
Fishkill, N.Y., entered the plea in U.S. District Court to fraud,
bank bribery, embezzlement and conspiracy charges.  As part of the
plea, Mr. Antonucci admitted that he accepted bribes to influence
his decisions as president and chief executive officer of The Park
Avenue Bank.  Mr. Antonucci was contrite and agreed to pay $11.2
million and forfeit various assets to the government.  He resigned
as the bank's president last year.

The AP says although they carry a potential penalty of 135 years
in prison, Mr. Antonucci was expected to earn leniency by
cooperating with federal authorities in a continuing probe.

AP says sentencing was tentatively set for April 8.

Park Avenue Bank was a lender with more than $500 million in
assets that specialized in commercial-real-estate loans.  The bank
failed in March 2010 after piling up more than $27 million in net
losses last year.  The Wall Street Journal, citing filings the
bank made with the Federal Deposit Insurance Corp., reported that
the bank's bad real-estate loans shrank its capital to just
$3.3 million at end of 2009, down 87% from two years earlier.

The bank's four branches were taken over by Valley National Bank.
Park Avenue Bank of New York isn't affiliated with Park Avenue
Bank in Georgia.


PAUL SHARFF: Files Bankruptcy Protection for the Second Time
------------------------------------------------------------
Michael Braga at the HeraldTribune.com reports that Paul Sharff,
a Manatee County political fundraiser and real estate investor,
filed for bankruptcy under Chapter 11 for the second time.  Mr.
Sharff's first filing was dismissed after it failed to pay for
insurance on his real estate holdings, which include the 144-unit
City Walk complex in Bradenton.

Ms. Braga, citing papers filed with the Court, says Mr. Sharff
filed for bankruptcy because he was a victim of the downturn in
the real estate market and the failure of some of his tenants to
keep paying rent.

Mr. Sharff disclosed assets of $7.2 million and liabilities of
$26.9 million.  Among his liabilities are $190,000 owed to the
Boardwalk Regency Corp., which runs the Caesars Atlantic City
casino, and $200,000 owed to Kerzner International, which owns the
Atlantis Resort & Casino in the Bahamas, says Ms. Braga.


PETTERS GROUP: Trustee Sues JPMorgan Chase, Ritchie Capital
-----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the trustee for Petters Group Worldwide and Petters
Co. is teaching investors that they can be compelled to return
payments they received from a Ponzi scheme, even without knowing
there was a fraud. The latest defendants to be sued include
JPMorgan Chase & Co. and Ritchie Capital Management LLC. For

                  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.


PIEDMONT CONSTRUCTION: Case Summary & 12 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: Piedmont Construction I, LLC
        208 S. Wilton Road
        Richmond, VA 23226

Bankruptcy Case No.: 10-36829

Chapter 11 Petition Date: October 1, 2010

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

Judge: Kevin R. Huennekens

Debtor's Counsel: Robert Coleman Smith, Esq.
                  RICHARD KNAPP AND ASSOCIATES
                  2800 Patterson Ave, Suite 101
                  Richmond, VA 23221
                  Tel: (804) 377-8848, Ext.4
                  E-mail: rsmith@chartwellcapital.net

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

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

A list of the Company's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/vaeb10-36829.pdf

The petition was signed by Robert Smith, managing member.


POINT BLANK: Says Buyers Inspecting Financial Documents
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Point Blank Solutions Inc. is seeking a February 9
extension of the exclusive period to propose a Chapter 11 plan.  A
hearing on the exclusivity motion is scheduled for November 3.
Point Blank said in the motion that prospective buyers are
examining financial information in a data room.

                        About Point Blank

Headquartered in Pompano Beach, Florida, Point Blank Solutions,
Inc. -- http://www.pointblanksolutionsinc.com/-- designs and
produces body armor systems for the U.S. Military, Government and
law enforcement agencies, well as select international markets.
The Company is recognized as the largest producer of soft body
armor in the U.S.  The Company maintains facilities in Pompano
Beach, Florida and Jacksboro, Tennessee.

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection on April 14, 2010 (Bankr. D. Del. Case No. 10-
11255).  Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at
Pachulski Stang Ziehl & Jones LLP serve as bankruptcy counsel to
the Debtor.  Olshan Grundman Frome Rosenweig & Wolosky LLP serves
as corporate counsel.  T. Scott Avila of CRG Partners Group LLC is
the restructuring officer.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  The Equity Committee has tapped Morrison
Cohen LLP, and The Bayard, P.A., as counsel.


PREMIER GENERAL: Chapter 11 Reorganization Case Dismissed
---------------------------------------------------------
The Hon. Leif M. Clark of the U.S. Bankruptcy Court for the
Western District of Texas dismissed the Chapter 11 cases of
Premier General Holdings, and Mark Allen Wynne.

As reported in the Troubled Company Reporter on May 27, 2010,
creditors Dillon Water Resources, LP, and Dean Cavenport, sought
for the conversion of Premier General's case to one under
Chapter 7 of the Bankruptcy Code, or in the alternative, appoint a
trustee in the Debtor's case.

The Creditors alleged that the Debtor:

   -- converted property;

   -- breached fiduciary duties;

   -- engaged in a conspiracy to harm the creditors; and

   -- found by clear and convincing evidence that it acted with
      malice.

San Antonio, Texas-based Premier General Holdings, Ltd., filed for
Chapter 11 bankruptcy protection on March 17, 2010 (Bankr. W.D.
Texas Case No. 10-51005).  William B. Kingman, Esq., who has an
office in San Antonio, Texas, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $50 million to $100 million.


QSGI INC: To Merge with KruzeCom LLC Under Chapter 11 Plan
----------------------------------------------------------
QSGI Inc. and its debtor-affiliates delivered to the U.S.
Bankruptcy for the Southern District of Florida a Chapter 11 plan
of reorganization which they say will create a marketable entity
which will merge with KruseCom LLC.

Under the Plan, among other things, the general unsecured
creditors will benefit from the reorganized Debtors' planned
acquisition or merger with KruseCom.  The unsecured creditors will
get additional common stock from the reorganized Debtors in the
amount stated in the plan.

The ultimate effect of the restructuring transaction upon the
effective date of the plan will be the reorganized Debtor having
been authorized to issue up to two billion shares of common stock.

According to an October 11 report by BeaconEquity.com, the
Company's shares soared 147% due to the filing of the plan.

A full-text copy of the company's Chapter 11 plan of
reorganization is available for free at:

              http://ResearchArchives.com/t/s?6c68

Palm Beach, Florida-based QSGI, Inc., and its affiliates provide
technology services and maintenance geared towards both uses of
enterprise class hardware as well as the uses of business -
competing hardware.  The Debtors filed for Chapter 11 protection
on July 2, 2009 (Bankr. S.D. Fla. Lead Case No. 09-23658).
Bradley S. Shraiberg, Esq., at Shraiberg, Ferrara, Landau P.A.,
represented the Debtors in their restructuring effort.  The
Debtors estimated assets and debts at $10 million and $50 million.


RADIO SYSTEMS: S&P Affirms Corporate Credit Rating at 'B'
---------------------------------------------------------
Standard & Poor's Rating Services said it affirmed its 'B'
corporate credit rating on Knoxville, Tenn.-based pet products
supplier Radio Systems Corp.  S&P also assigned its 'B+' issue-
level rating to the company's proposed $225 million senior secured
credit facility due 2015.  The outlook is stable.

The recovery rating on the proposed credit facility is '2',
indicating S&P's expectation for substantial (70%-90%) recovery in
the event of a payment default.  The company's ratings are based
upon preliminary terms and conditions and are subject to review
upon receipt of final documentation.  S&P expects to withdraw its
'B+' issue-level and '2' recovery ratings on the company's
existing $150 million term loan due 2013 and $55 million revolver
due 2011 upon completion of the proposed refinancing and repayment
of this existing debt.  Pro forma for the refinancing, total debt
outstanding is about $152 million.

"The ratings on RSC reflect its narrow business focus,
discretionary product offerings, some customer concentration,
exposure to technology risk, and risks related to outsourcing
substantially all of its manufacturing to third parties," said
Standard & Poor's credit analyst Jerry Phelan.  Although S&P
believes the proposed refinancing will initially result in
substantially improved credit availability, S&P view the company's
liquidity as less than adequate given several planned fourth-
quarter 2010 acquisitions, potentially higher shareholder
payments, and a very tight forecasted fixed-charge coverage
covenant for fourth-quarter fiscal 2011.  S&P believes RSC
benefits from its leading market share in the niche pet
containment and training industry, long-time relationships with
customers and suppliers, and patent protection.


RENASCENT INC: Section 341(a) Meeting Scheduled for Nov. 1
----------------------------------------------------------
The U.S. Trustee for Region 18 will convene a meeting of
Renascent, Inc's creditors on November 1, 2010, at 10:00 a.m.  The
meeting will be held at 341 Missoula, 3720 N Reserve Street,
Bitterroot River RM, Hilton Garden Inn, Missoula, MT 59808.

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.

Victor, Montana-based Renascent, Inc, filed for Chapter 11
bankruptcy protection on September 29, 2010 (Bankr. D. Mont. Case
No. 10-62358).  Jon R. Binney, Esq., who has an office in
Missoula, Montana, assists the Debtor in its restructuring effort.
The Debtor estimated its assets at $10 million to $50 million and
debts at $1 million to $10 million as of the Petition Date.


RENASCENT INC: Taps Binney Law Firm as Bankruptcy Counsel
---------------------------------------------------------
Renascent, Inc., asks for authorization from the U.S. Bankruptcy
Court for the District of Montana to employ Binney Law Firm, P.C.,
as bankruptcy counsel.

Binney Law will, among other things:

     a. provide general counseling and representation before the
        Court in connection with the Debtor's bankruptcy case;

     b. prepare petition, schedules, and other filings;

     c. represent the Debtor in court hearings and at the meeting
        of creditors; and

     d. prepare the plan and disclosure statement.

Binney Law will be paid based on the hourly rates of its
personnel:

        Jon R. Binney                 $250
        Elizabeth Ries-Simpson        $200

Jon R. Binney, Esq., and Elizabeth Ries-Simpson, Esq., at Binney
Law, 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.

Victor, Montana-based Renascent, Inc, filed for Chapter 11
bankruptcy protection on September 29, 2010 (Bankr. D. Mont. Case
No. 10-62358).  The Debtor estimated its assets at $10 million to
$50 million and debts at $1 million to $10 million as of the
Petition Date.


ROTECH HEALTHCARE: Completes Offering of $230 Million Sr. Notes
---------------------------------------------------------------
Rotech Healthcare Inc. completed an offering of $230,000,000
10.75% Senior Secured Notes due 2015.  The Senior Notes were
offered and sold to Credit Suisse Securities (USA) LLC in reliance
on the exemption from registration provided by Section 4(2) of the
Securities Act of 1933, as amended, and resold by the Initial
Purchaser to qualified institutional buyers pursuant to exemptions
from registration provided by Rule 144A and Regulation S under the
Securities Act.

The Senior Notes are governed by an Indenture, dated October 6,
2010, by and among the Company and The Bank of New York Mellon
Trust Company, N.A. as trustee.  The Indenture contains covenants
limiting the Company's ability and the ability of the Company's
restricted subsidiaries to, among other things: sell assets; pay
dividends or make other distributions or repurchase or redeem the
Company's stock; incur or guarantee additional indebtedness; incur
certain liens; make loans and investments; enter into agreements
restricting the Company's subsidiaries' ability to pay dividends;
consolidate, merge or sell all or substantially all of the
Company's assets; and enter into transactions with affiliates.

The Senior Notes are fully and unconditionally guaranteed, jointly
and severally, on a senior basis by the Company and by its
subsidiaries.

                      About Rotech Healthcare

Based in Orlando, Florida, Rotech Healthcare Inc. (NASDAQ: ROHI)
-- http://www.rotech.com/-- provides home medical equipment and
related products and services in the United States, with a
comprehensive offering of respiratory therapy and durable home
medical equipment and related services.  The company provides
equipment and services in 48 states through approximately 500
operating centers located primarily in non-urban markets.

Standard & Poor's Ratings Services said it raised its corporate
credit rating on Orlando, Fla.-based home health care provider
Rotech Healthcare Inc. to 'B-' from 'CCC'.  At the same time, S&P
removed the ratings from CreditWatch with positive implications,
where they had been placed on Sept. 27, 2010.  The outlook is
positive.

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.


RW LOUISVILLE: Files for Chapter 11 in Kentucky
-----------------------------------------------
RW Louisville Hotel Associates LLC filed for Chapter 11 protection
on October 8, 2010 (Bankr. W.D. Ky. Case No. 10-35356).

RW Louisville is the owner of the Holiday Inn Hurstbourne in
Louisville, Kentucky.  According to Bill Rochelle, the bankruptcy
columnist at Bloomberg News, the 271-room hotel hasn't made
principal payments of $45,000 a month on the $13.9 million
mortgage since October 2009.  The mortgage is part of the
collateral in a pass-through trust.  Wells Fargo NA is trustee for
the trust.

The Debtor estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

Mr. Rochelle relates that according to court papers, the hotel
property is currently appraised for $10 million.  Previously, the
assessed value was $14.1 million.


RW LOUISVILLE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: RW Louisville Hotel Associates, LLC
        aka Holiday Inn Hurstbourne
        1325 S. Hurstbourne Parkway
        Louisville, KY 40222

Bankruptcy Case No.: 10-35356

Chapter 11 Petition Date: October 8, 2010

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

Debtor's Counsel:  Emily Pagorski, Esq.
                   Lea Pauley Goff, Esq.
                   Tristan McD. van Tine
                   STOLL KEENON OGDEN PLLC
                   2000 PNC Plaza
                   500 West Jefferson Street
                   Louisville, KY 40202
                   Tel.: (502) 333-6000
                   Fax : (502) 333-6099
                   E-mail: emily.pagorski@skofirm.com
                           lea.goff@skofirm.com
                          tristan.vantine@skofirm.com

Estimated Assets: $10 million to $50 million

Estimated Debts : $10 million to $50 million

The petition was signed by James J. Papovich, general manager.

RW Louisville's List of 20 Largest Unsecured Creditors:

  Entity/Person                 Nature of Claim      Claim Amount
  -------------                 ---------------      ------------
PAP Car Hospitality                                   $147,116
1325 South Hurstbourne Parkway
Louisville KY 40222

Sysco                                                 $117,013
7705 National Turnpike
Louisville KY 40214

Crystal Enterprises                                    $94,248
4126 Stevens Reynolds Blvd
Norcross GA 30093

Ridgewood Hotels                                       $40,233

Louisville Gas & Electric                              $21,763

Walton Signage                                         $18,286

DECA                                                   $12,676

Guest Supply                                           $10,286

Louisville Water Company                               $10,186

Securitas Services                                     $8,336

PAP Car                                                $7,500

Ikon Financial Services                                $4,827

Mattingly Foods                                        $4,253

A New Leaf                                             $3,938

Micros                                                 $3,887

Horizon Opportunities                                  $3,801

Kentucky Sports Marketing                              $3,225

Louisville Convention Visitors                         $3,210

Precise Services Inc.                                  $2,653

The Home Depot Supply                                  $2,368


SCHUTT SPORTS: Wants Riddell Cited for Contempt
-----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports Schutt Sports Inc. accused rival Riddell Inc. of violating
a stay order and asked that it be cited for contempt in a request
that raises issues about free speech in bankruptcy cases.

According to Mr. Rochelle, the new controversy resulted from a $29
million patent-infringement judgment won by Riddell.  Schutt filed
under Chapter 11 on September 6 to halt collection on the
judgment.  Schutt alleges that sales representatives from Riddell
are telling Schutt customers that the company filed for Chapter 11
and may go out of business.  Schutt contends that the
communications violate the automatic stay in bankruptcy that
prohibits attempting to collect a pre-bankruptcy debt.  The stay
also prohibits interference with a bankrupt company's property.
Riddell should be held in contempt of the automatic stay, Schutt
said in court papers filed October 6.

Schutt, Mr. Rochelle relates, claims that trying to drive away a
bankrupt's customers is a violation of the stay.  Likewise,
communications "designed to erode the value of the debtor's
assets" violates the stay.

The contempt motion is scheduled for hearing on October 21.

                        About Schutt Sports

Litchfield, Illinois-based Schutt Sports, Inc. -- fka Schutt
Manufacturing Company; aka Schutt Sports Manufacturing Co., Schutt
Sports Distribution Company, and Schutt Athletic Sales Company --
designs, manufactures, distributes and markets team sporting goods
equipment, offering an extensive line of football, baseball and
softball protective gear and complementary accessories.

Schutt Sports filed for Chapter 11 bankruptcy protection on
September 6, 2010 (Bankr. D. Del. Case No. 10-12795).  Victoria
Watson Counihan, Esq., at Greenberg Traurig, LLP, assists the
Debtor in its restructuring effort.  Ernst & Young is the Debtor's
financial advisor.  Oppenheimer & Co., Inc., is the Debtor's
investment banker.  Logan & Company, Inc., is the Debtor's claims,
noticing and balloting agent.

The Debtor estimated its assets and debts at $50 million to
$100 million.

Affiliates Circle System Group, Inc. (Bankr. D. Del. Case No.
10-12796), Melas, Inc. (Bankr. D. Del. Case No. 10-12797),
Mountain View Investment Co. of Illinois (Bankr. D. Del. Case No.
10-12794), R.D.H. Enterprises, Inc. (Bankr. D. Del. Case No.
10-12798), and Triangle Sports, Inc. (Bankr. D. Del. Case No.
10-12799) filed separate Chapter 11 petitions on September 6,
2010.


SEA ISLAND: Rival Bidders Unite to Make $212.4MM Final Bid
----------------------------------------------------------
Sea Island Co. ended an October 11 auction with a high bid of
$212.4 million, an improvement on the $197.5 million stalking
horse bid from a company affiliated with Oaktree Capital
Management LP and Avenue Capital Group.

Bill Rochelle, the bankruptcy columnist for Bloomberg News, citing
a report in the Atlanta Journal-Constitution, relates that near
the end of an all-day auction, competing bidders Starwood Capital
Group Global LP and Anschutz Corp. joined with Oaktree and Avenue
to make the final bid.

The combination of the bidding groups was approved by secured
creditors and the official creditors' committee, the Atlanta
newspaper reported.

The buyers agreed to pay nearly $15 million more that the
Company's resorts, golf courses and private clubs would have
fetched without going on the auction block, according to The
Associated Press.

The AP relates that the sale won't be final unless Sea Island's
plan to emerge from Chapter 11 is confirmed by the bankruptcy
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.  Based on the
$197.5 million stalking horse bid, lenders including Synovus Bank,
Bank of America and Bank of Scotland, were expected to 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 filed for Chapter 11 protection on August 10, 2010
(Bankr. S.D. Ga. Case No. 10-21034).  Sea Island has filed 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.

Sarah R. Borders, Esq., Harris Winsberg, Esq., Sarah L. Taub,
Esq., and Jeffrey R. Dutson, Esq., at King & Spalding LLP, assist
the Debtor in its restructuring effort.  Robert M. Cunningham,
Esq., at Gilbert, Harrell, Sumerford & Martin PC, is the Debtor's
co-counsel. FTI Consulting, Inc., is the Debtor's restructuring
advisor.  EPIQ Bankruptcy Solutions, LLC, is the Debtor's claims
and notice agent.

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.  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.


SENECA GAMING: Moody's Downgrades Corp. Family Rating to 'B1'
-------------------------------------------------------------
Moody's Investors Service lowered Seneca Gaming Corporation's
ratings while keeping the long term ratings under review for
possible downgrade.  In Moody's opinion, SGC's short term
liquidity profile is expected to remain adequate as expressed by
the existing SGL-3.

Ratings lowered and kept on review for further possible downgrade:

* Corporate Family Rating -- to B1 from Ba2

* Probability of Default Rating -- to B1 from Ba2

* $500 million senior unsecured notes due 2012 -- to B1 (LGD 4,
  52%) from Ba2 (LGD 4, 51%)

                        Ratings Rationale

The downgrades incorporate Moody's becoming aware that The Seneca
Nation of Indians, owner of SGC, has withheld exclusivity payments
to the State of New York as required by the Gaming Compact between
the Nation and the State to the extent that Nation has exclusivity
with respect to a particular category of gaming device.  The
Compact authorizes the Nation to own and operate three class III
gaming facilities in the state.  SGC owns and operates the
Nation's gaming facilities and is the sole source of debt
repayment for the rated debt.

Moody's actions also reflect Moody's view that because the
exclusivity payments withheld by the Nation are not, to Moody's
understanding, currently in a restricted account or being held by
an independent third party set-up solely for the purpose of
funding any potential Compact settlement, there is no formal
assurance that the Nation will have or make these funds available
if it is determined that as part of any settlement, all or a
portion of it has to be paid to the State.  In the extreme event
that a settlement is not reached and the Compact is terminated,
SGC's ability to operate a class III gaming facility would be in
jeopardy.

On October 6, 2010, the Nation received of a copy of written
notice from the State officials of a claimed breach by the Nation
of the Compact.  The October 6th Letter, in response to
correspondence from, and action of, the Nation, alleges that the
Nation owes the State approximately $200 million for exclusivity
payments.  Reportedly, the State and the Nation disagree as to
whether or not exclusivity has been breached.

The review for possible further downgrade considers that, while
the possibility of a favorable settlement exists for the Nation,
the negotiated and political nature of the Compact settlement
process combined with the uncertainty of the timing, amount and
future terms of any settlement going forward make it difficult for
Moody's to assume that this dispute will be resolved in favor of
the Nation.

Moody's review will focus on the Nation's ability to reach a
timely agreement with the State that does not impair the financial
profile of SGC.  Moody's review will also continue to focus on the
uncertainties surrounding the ongoing review of the Nation's
records by the Internal Revenue Service that triggered a review
for possible downgrade by Moody's in July 2010.  SGC's operating
profile, competitive environment and plans to address the
revolving credit facility maturity in December 2011 (not rated by
Moody's) will also be incorporated in Moody's review.

Per disclosure in SGC's form 8-K filing with the SEC (Securities
and Exchange Commission) on October 8, 2010, the Nation and the
State have triggered a dispute resolution process that
contemplates a meeting within fourteen days.  If the discussions
between the State and the Nation are not successful in resolving
these disputes within 30 days of such a meeting, either party may
submit the dispute to binding arbitration.  The Compact provides
that neither the State nor the Nation can electively or
unilaterally terminate the compact unless a material uncured
breach has occurred and not less than 180 days prior notice has
been provided.  Neither the Nation nor the State has provided a
termination notice, per the 8-K filing.

Seneca Gaming Corporation owns and operates Seneca Niagara Falls
Casino and Hotel in Niagara Falls, NY, Seneca Allegany Casino and
Hotel in Salamanca, NY, and Seneca Buffalo Creek Casino in Erie
County, NY.  Net revenues for the twelve-month period ended
June 30, 2010, were approximately $578 million.  SGC is an
incorporated instrumentality of the Seneca Nation of Indians, a
federally recognized tribe.


SHAFER PLAZA: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Shafer Plaza LII, Ltd
        dba FREI Frisco Retail, LP
        aka Frisco LP Investors, LTC
        5210 Tracy
        8980 Preston Road, Frisco, TX 75230
        Dallas, TX 75205

Bankruptcy Case No.: 10-43479

Chapter 11 Petition Date: October 4, 2010

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

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS P.C.
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 10 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txeb10-43479.pdf

The petition was signed by Steve Shafer, managing member of
general partner.


SHERIDAN GROUP: S&P Puts 'B' Rating on CreditWatch Negative
-----------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B' corporate credit
rating for Hunt Valley, Md.-based printing company The Sheridan
Group Inc., as well as all related issue-level ratings, on
CreditWatch with negative implications.

"The negative CreditWatch listing is based on Sheridan's declining
liquidity because of its significant near-term maturities,"
explained Standard & Poor's credit analyst Tulip Lim.  "The 'B'
corporate credit rating reflects S&P's expectation of continued
difficult operating conditions across niche printing segments,
high debt leverage, and vulnerability to a secular shift away from
print media."

S&P views Sheridan's business risk as vulnerable because it is a
specialized printer servicing niche segments, including short-and-
medium run journals, specialty magazines, short-run books, and
specialty catalogues, many of which are facing operating
pressures.  S&P deems Sheridan's financial risk profile as highly
leveraged, based on the company's near-term refinancing hurdles.

The company is exposed to secular pressures affecting print media,
as more content is available and consumed online and more
advertising dollars are being allocated to digital media.
Sheridan is also vulnerable to economic cyclicality, and its
continuing weak operating performance is partially linked to the
soft economy.

Year-over-year revenue in the first half of 2010 declined 10.1%,
primarily reflecting continued weak economic conditions.
Sheridan's EBITDA in the first half of 2010 increased 5.3%,
compared to the first half of 2009, primarily because of
reductions in staffing-related costs.

For the 12 months ended June 30, 2010, adjusted debt to EBITDA was
3.6x, lower than the indicative adjusted debt-to-EBITDA ratio of
greater than 5x for this financial risk profile category.  Still,
S&P considers the company's financial profile as highly leveraged
given the significant amount of debt that will be maturing over
the near term.  Sheridan's adjusted EBITDA coverage of interest
was 2.5x for the period--an improvement from 2.3x at Dec. 31,
2009, reflecting note repurchases that the company completed last
year.  The company generated moderate positive discretionary cash
flow for the 12 months ended June 30, 2010, converting over 43.9%
of EBITDA to discretionary cash flow.

On June 30, 2010, liquidity resources include $14.4 million of
cash on hand, a $20 million working capital facility (of which
Sheridan had $15.5 million of borrowing capacity on June 30,
2010), and positive discretionary cash flow.  However, on
March 25, 2011, the working capital facility matures and on
Aug. 15, 2011, $142.9 million in senior secured notes mature.

S&P could lower the rating if the company's near-term maturities
are not refinanced by the end of the year.  S&P could also
consider lowering the rating if operating trends prove worse than
S&P currently expects and interest costs rise as part of a
refinancing, resulting in interest coverage falling to the mid-1x
area.


SPONGETECH DELIVERY: Trustee Wants Case Converted to Chapter 7
--------------------------------------------------------------
Bankruptcy Law360 reports that the trustee for Spongetech Delivery
Systems Inc. has asked that the case be converted to a Chapter 7,
saying there is "no possibility" of rehabilitation in the wake of
alleged criminal securities violations by executives and the
Section 363 sale of the company's primary manufacturing unit.

Chapter 11 trustee Kenneth P. Silverman lodged a motion Friday in
the U.S. Bankruptcy Court for the Southern District of New York,
Law360 says.

New York-based Spongetech Delivery Systems Inc. distributes a line
of hydrophilic polyurethane and polyurethane sponge cleaning and
waxing products.  Spongetech filed for Chapter 11 bankruptcy
protection on July 9, 2010 (Bankr. S.D.N.Y. Case No. 10-13647).
The Company estimated $10 million to $50 million in total assets
and $1 million to $10 million in total liabilities.  An affiliate,
Dicon Technologies, LLC, filed a separate Chapter 11 petition on
June 24, 2010 (Bankr. S.D.N.Y. Case No. 10-41275).

The Hon. Stuart M. Bernstein in July 2010 authorized Tracy Hope
Davis, the Acting U.S. Trustee for Region 2, to appoint a Chapter
11 trustee for Spongetech Delivery Systems, Inc.  The U.S. Trustee
sought permission from Judge Bernstein to appoint a Chapter 11
trustee or, in the alternative, convert the Debtor's Chapter 11
bankruptcy case to Chapter 7.

Edward Neiger, Esq., at Neiger, LLP, and M. David Graubard, Esq.,
at Kera & Graubard, assist the Debtors in their restructuring
efforts.


SPRING CREEK: Only Ch. 7 Trustee Has Standing to Pursue Complaint
-----------------------------------------------------------------
The Hon. Joan A. Lloyd denied Spring Creek Air Park, Inc.'s Motion
to Alter or Amend the Court's Order of July 12, 2010.  Pursuant to
the July 12, 2010 order, the Court granted a bid by the Chapter 7
trustee to strike Docket No. 121 entitled "Debtor's Complaint,
Objection to Proof of Claim and Requesting Affirmative Relief."
The basis for the Order striking Docket No. 121 was that neither
the Debtor nor Linda Stetler has standing to file the document.

Document No. 121 was not filed as a separate adversary proceeding,
although it plainly seeks damages and injunctive relief on behalf
of the Debtor and Linda Stetler who were denominated as Plaintiffs
in the case against Defendants Roswell Holdings, LLC, James E.
Sutton, Tom Graziani, Gene Stoker, Doug Haughs, Dwayne L. Shaw,
Louis N. Sanders, David S. Riley and unknown Defendants.  An
action to recover damages on behalf of the Debtor is an asset of
the estate under 11 U.S.C. Sec. 541.  The Court says the actions
sought by Document No. 121 are solely within the province of the
Chapter 7 Trustee and neither the Debtor nor Linda Stetler has
standing to bring those actions.

Moreover, Document No. 121 was not filed in conformity with any of
the Federal Rules of Bankruptcy Procedure which require the
payment of a filing fee, issuance of summons and service of
process.  It does not conform with any notion of due process.  If
the document is meant to be only an objection to a proof of claim,
again, this is solely within the province of the Chapter 7
Trustee.

The Court also notes the meeting of creditors required under 11
U.S.C. Sec. 341 has not yet been held.  Therefore, the Chapter 7
Trustee has not even had the opportunity to review necessary
information and documents to assess whether the estate possesses
any claims.  The Trustee has not abandoned any alleged causes of
action or claims should they so exist.

A copy of the Court's decision is available at http://is.gd/fYAKg
from Leagle.com.

The case is In re: Spring Creek Air Park, Inc. (Bankr. W.D. Ky.
Case No. 09-11412).  On May 19, 2010, the Court entered an Order
converting the Debtor's case from one under Chapter 11 of the
United States Bankruptcy Code to one under Chapter 7.  On May 21,
2010, Jerry A. Burns was appointed as Chapter 7 Trustee on the
case.


STEPHEN YELVERTON: Alimony Claim Derails Plan; Case Converted
-------------------------------------------------------------
The Hon. S. Martin Teel, Jr., stuck to his earlier decision and
denied Stephen Thomas Yelverton's motion asking the Court to
reconsider its August 20, 2010 orders denying confirmation of plan
and converting case to Chapter 7.

On August 18, 2010, the court held a hearing on confirmation of
Mr. Yelverton's amended plan and a hearing on the United States
Trustee's motion to convert the case to chapter 7.  Prior to the
hearing, Mr. Yelverton submitted ballots reflecting acceptance of
the plan by classes 5, 6, and 7.  After hearing evidence on the
matter, the Court denied confirmation on the basis of feasibility
and based on a finding that Mr. Yelverton had failed to show he
would be able to pay the administrative claims of his ex-wife,
Alexandra Senyi de Nagy-Unyom and Sedghi Investment Properties on
the effective date of the plan.  The Court granted the U.S.
Trustee's motion to convert, finding that Ms. Senyi's postpetition
alimony claim would result in a continuing loss to the estate and
that there was no reasonable likelihood of reorganization.  The
Court also held that Mr. Yelverton's plan was so vague and
ambiguous as to the rights of creditors as to be unconfirmable.

A copy of the Court's memorandum decision is available
at http://is.gd/fYAN9from Leagle.com.

Stephen Yelverton, a minority shareholder in Yelverton Farms,
Ltd., filed for Chapter 11 bankruptcy protection (Bankr. D. D.C.
Case No. 09-00414) on May 14, 2009.


STARNES CUSTOM: Case Summary & 12 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Starnes Custom Homes, Ltd.
        dba Starnes Custom Homes
        2611 N. Loop 1604 W., Ste. 202A
        San Antonio, TX 78258

Bankruptcy Case No.: 10-53885

Chapter 11 Petition Date: October 4, 2010

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Leif M. Clark

Debtor's Counsel: Michael G. Colvard, Esq.
                  MARTIN & DROUGHT, P.C.
                  2500 Bank of America Plaza, 300 Convent St
                  San Antonio, TX 78205
                  Tel: (210) 227-7591
                  E-mail: mcolvard@mdtlaw.com

Scheduled Assets: $2,000,000

Scheduled Debts: $1,843,300

A list of the Company's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-53885.pdf

The petition was signed by Mitchell Starnes, president of Starnes
GP, LLC.


SUK HEE SUH: U.S. Trustee Wants Chapter 11 Trustee Appointed
------------------------------------------------------------
Peter C. Anderson, U.S. Trustee for Region 16, asks the U.S.
Bankruptcy Court for the Central District of California to appoint
Richard Laski as Chapter 11 trustee in the case of Suk Hee Suh.

As reported in the Troubled Company Reporter on September 21,
2010, Mr. Laski was appointed as Chapter 11 trustee in case of
SYS Hospitality, LLC, a debtor-affiliate of Suk Hee Suh.

The U.S. Trustee also asks the Court to fix the Chapter 11
trustee's individual bond at $10,000.

La Canada Flintridge, California-based Suk Hee Suh filed for
Chapter 11 bankruptcy protection on April 9, 2010 (Bankr. C.D.
Calif. Case No. 10-23682).  Robert M. Yaspan, Esq., at the Law
Offices of Robert M Yaspan, assists the Debtor in its
restructuring effort.  The Company disclosed $10,253,055 in assets
and $19,380,036 in liabilities as of the Petition Date.

An affiliate, SYS Hospitality LLC, doing business as Hawthorn
Suites, also filed for Chapter 11 on April 9, 2010 (Bankr. C.D.
Calif. Case No. 10-20501).  The Debtor disclosed assets of
$434,800 and debts of $10,319,421 in its Chapter 11 petition.


SUNWEST MANAGEMENT: Investors Bring Class Suit v. K&L and Thompson
------------------------------------------------------------------
Leigh Jones, writing for The National Law Journal, reports that a
group of investors in Sunwest Management Inc. has filed a class
action against K&L Gates and Thompson & Knight for allegedly
aiding in a "Ponzi-like" scheme.  According to the report, the
class action alleges that the law firms prepared materials
containing misleading statements and misrepresentations about the
companies and failed to tell investors about the true financial
condition of the company.

The class consists of investors in assisted living centers and
other properties.  The lawsuit was filed on October 4 in U.S.
District Court in Oregon.  It seeks damages under the Oregon
Securities Act against Sunwest.

The report says Thompson & Knight general counsel Luke Ashley,
Esq., said his firm had expected the class action because it is a
party to a settlement with the plaintiffs reached last month.  The
parties are expected to agree to a confidential settlement amount
pursuant to mediation they already have undertaken, he said.

K&L Gates declined to comment on the lawsuit.

                     About Sunwest Management

Founded in Oregon in 1991, Sunwest Management --
http://www.sunwestmanagement.com/-- was one of the largest
private senior living providers in the U.S.  In March 2009, U.S.
District Judge Michael Hogan appointed Michael Grassmueck --
founder and principal of Portland, Oregon-based Grassmueck Group,
a national firm that specializes in fiduciary and insolvency
services -- as receiver for the Company after the Securities and
Exchange Commission filed suit against Sunwest and former CEO Jon
Harder, alleging securities fraud.

Sunwest Management placed 10 assisted living centers -- two in
Oregon -- into Chapter 11 bankruptcy.  Briarwood Retirement and
Assisted Living Community LLC, which owns a retirement center in
Springfield, and Century Fields Retirement and Assisted Living
Community LLC, which owns a center in Lebanon, filed for Chapter
11 protection on August 19, 2008.  On Aug. 17, 2008, eight
Sunwest-affiliated LLCs filed for Chapter 11 bankruptcy protection
from creditors in Tennessee.

Sunwest was later renamed Stayton SW Assisted Living.  As reported
by the Troubled Company Reporter on July 16, 2010, Judge Hogan
confirmed the plan of reorganization in the Chapter 11 proceedings
of Stayton.  The plan provides for the sale of up to 149 senior
living facilities to a joint venture formed by Blackstone Real
Estate Advisors VI L.P., Emeritus Senior Living and Columbia
Pacific Advisors.  The Blackstone/Emeritus joint venture acquired
the properties in exchange for cash, securities and debt valued at
$1.3 billion in cash.

Existing Sunwest investors were permitted to receive either cash
or securities in the new company, with a choice between Class A
preferred interests paying 6%, or up to 49% in common interests in
the joint venture.

The reorganization plan also provides for the creation of a
Trustco entity to hold certain non-senior living assets, such as
apartments, office buildings and bare land, and liquidate the
assets over time for the benefit of the estate's investors and
creditors.  The Receiver oversees Trustco.

As reported by the TCR on August 9, 2010, Stayton completed the
sale of 132 senior living facilities to the joint venture.  The
transaction was valued at $1.2 billion.


TAYLOR & BISHOP: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Taylor & Bishop, LLC
        2575 E. Camelback Road, Suite 1100
        Phoenix, AZ 85016

Bankruptcy Case No.: 10-32563

Chapter 11 Petition Date: October 8, 2010

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

Judge: Sarah Sharer Curley

Debtor's Counsel: John R. Clemency, Esq.
                  GALLAGHER & KENNEDY PA
                  2575 East Camelback Road, Suite 1100
                  Phoenix, AZ 85016
                  Tel: (602) 530-8040
                  E-mail: john.clemency@gknet.com

Scheduled Assets: $16,040,393

Scheduled Debts: $9,934,149

The petition was signed by Thomas O'Malley, authorized agent.

Debtor's List of 17 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Lancelot Lending, LLC              Promissory Note        $500,000
6991 E. Camelback Road, Suite B310
Scottsdale, AZ 85251

Scopelitis Garvin Light Hanson     Legal Fees              $21,538
& Feary
30 W. Monroe Street, Suite 600
Chicago, IL 60603

ADT Security Services              Trade Debt               $1,282
1815 Glenview Road
Glenview, IL 60025

Valley Fire Protection Services    Trade Debt               $1,215

City of Chicago - Dept of Revenue  --                       $1,150

Belcore Electric                   Trade Debt               $1,053

Strategic Property Management      Trade Debt                 $979

American Combustion Services       Trade Debt                 $920

City of Chicago - Dept of          --                         $714
Water Mgmt

Peoples Gas                        Trade Debt                 $630

City of Chicago - Dept of          --                         $600
Buildings

R&S Electric                       Trade Debt                 $500

Complete Pump Service Co., Inc.    Trade Debt                 $477

Urban Elevator Service             Trade Debt                 $390

Alarms Unlimited                   Trade Debt                 $383

Preferred Mechanical Heating       Trade Debt                 $345
& Cooling

Aurora Tristate Fire Protection    Trade Debt                 $201


TEXAS RANGERS: Cuban Files $2.65MM Substantial Contribution Claim
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Mark Cuban and James Crane, who bid unsuccessfully at
the auction for the Texas Rangers baseball club, filed papers
asking the bankruptcy judge for reimbursement of $2.65 million for
what they say was their "substantial contribution" to the
successful outcome of the case.

According to the report, Messrs. Cuban and Crane noted that as a
result of their bids at the auction in August, the price for the
team rose almost $100 million.  Accordingly, they are asking for
reimbursement of attorneys' fees and other expenses under Section
503 of the U.S. Bankruptcy Code where a creditor can receive
payment for making a "substantial contribution in a case."  A
hearing on their motion for reimbursement will be held Oct. 25.

                   About Texas Rangers Baseball

Texas Rangers Baseball Partners owns and operates the Texas
Rangers Major League Baseball Club, a professional baseball club
in the Dallas/Fort Worth Metroplex.  TRBP is a Texas general
partnership, in which subsidiaries of HSG Sports Group LLC own a
100% stake.  Controlled by Thomas O. Hicks, HSG also indirectly
wholly-owns Dallas Stars, L.P., which owns and operates the Dallas
Stars National Hockey League franchise.  The Texas Rangers have
had five owners since the club moved to Arlington in 1972.  Mr.
Hicks became the fifth owner in the history of the Texas Rangers
on June 16, 1998.

In its petition, Texas Rangers Baseball Partners said it had both
assets and debt of less than $500 million.

Martin A. Sosland, Esq., at Weil, Gotshal & Manges LLP, serves as
bankruptcy counsel to the Debtor.  Forshey & Prostok LLP is the
conflicts counsel.  Parella Weinberg Partners LP serves as
financial advisor.

Lenders to the Texas Rangers sought to force the baseball team's
equity owners -- Rangers Equity Holdings, L.P. and Rangers Equity
Holdings GP, LLC -- into bankruptcy court protection (Bankr. N.D.
Tex. Case No. 10-43624 and 10-43625).  The lenders, a group that
includes investment funds Monarch Alternative Capital and
Kingsland Capital Management, filed an involuntary bankruptcy
petition on May 28 against the two companies.  The two companies
were not included in the May 24 Chapter 11 filing of TRBP.

U.S. Bankruptcy Judge Stacey G. C. Jernigan on August 5 confirmed
the fourth amended version of the Prepackaged Plan of
Reorganization of Texas Rangers Baseball Partners.  The judge's
confirmation order clears the way for a group of Hall of Fame
pitcher Nolan Ryan, and Pittsburgh sports attorney and minor-
league team owner Charles Greenberg to purchase the Texas Rangers.
The Ryan group paid $385 million in cash and assumed $208 million
in liabilities.  The Ryan group outbid Dallas Mavericks owner Mark
Cuban at an auction.


THOMPSON PUBLISHING: Ableco Finance Objects to Expedited Sale
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Thompson Publishing Holding Co. is facing opposition
to procedures for the auction and sale of the business from
creditor Ableco Finance LLP.  Ableco contends there is no need for
an "extremely expedited sale process."  According to Ableco, the
company is "not bleeding cash" and the time periods for the
auction are "unnecessarily truncated."

As reported in yesterday's Troubled Company Reporter, the U.S.
Trustee has objected to the sale process.  Mr. Rochelle relates
the U.S. Trustee argued that the proposed auction procedures give
the first-lien lenders control "at every step."  The U.S. Trustee
pointed out how proposed auction rules require Thompson to obtain
the consent of the lenders in deciding who is qualified to bid and
who made the best bid at auction.

Thompson Publishing is seeking approval to conduct an auction
where the first lien lenders would lead the auction with their
credit bid.

The first lien lenders have entered into an asset purchase
agreement with the Debtors.  A copy of the agreement is available
for free at http://bankrupt.com/misc/THOMPSON_apa.pdf

Absent higher and better offers, the first lien lenders will buy
the business in exchange for (a) a credit bid in the amount of
$42,000,000; (b) cash in an amount sufficient for (i) the
repayment of outstanding obligations under a DIP facility, (ii)
payment of the cure costs, and (iii) without duplication, payment
of any carve-out and any additional amounts payable pursuant to
and in accordance with a wind-down budget; and (c) assumption of
certain of the Debtors' liabilities.  The Potential Purchaser also
has the option to assume certain of the Debtors' accounts payable
incurred in the ordinary course of business prior to the Petition
Date by designating the accounts payable five business days prior
to the auction or seven business days before the sale hearing.

A copy of the auction procedures proposed by the Debtors is
available for free at:

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

According to the auction rules, the Debtors, with the consent of
the first lien agent and after consultation with the committee,
will determine whether a bid for less than substantially all of
the Debtors' assets qualifies as a qualified partial bid.  The
bidding at the auction will start at the purchase price stated
in the starting qualified bid -- to be determined by the Debtors,
with the consent of the first lien agent and after consultation
with the committee -- and then continue in minimum increments of
$250,000.

                     About Thompson Publishing

Thompson Publishing Holding Co. Inc., which produces books on
regulatory trends and how they affect businesses and government,
sought bankruptcy protection from creditors (Bankr. D. Del. Case
No. 10-13070) on September 21, 2010.  Thompson is majority owned
by Avista Capital Partners, which bought a 50% stake in the
company for $130 million in 2006.  Thompson estimated assets of
$10 million to $50 million and debts of $100 million to $500
million in its Chapter 11 petition.

Six affiliates, including Thompson Publishing Group, Inc., filed
separate Chapter 11 petitions.

Alissa T. Gazze, Esq., Chad A. Fights, Esq., and Derek C. Abbott,
Esq., at Morris Nichols Arsht & Tunnell, LLP, assist the Debtors
in their restructuring effort.


TKR PROPERTY: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: TKR Property, LLC
        8541 Thorne Drive
        Lantana, TX 76226

Bankruptcy Case No.: 10-46473

Chapter 11 Petition Date: October 4, 2010

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: Stephen Michael Stasio, Esq.
                  STASIO & STASIO
                  303 Main Street, Suite 302
                  Fort Worth, TX 76102
                  Tel: (817) 332-5113
                  Fax: (817) 870-0335
                  E-mail: steve.stasio@stasiolawfirm.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 James Thayer, president.


TRAVELPORT LLC: Moody's Affirms 'B2' Corporate Family Rating
------------------------------------------------------------
Moody's has affirmed the B2 corporate family rating and
probability of default rating of Travelport LLC.  The Ba3 senior
secured, the B3 senior unsecured and Caa1 subordinated instrument
ratings have also been affirmed; the outlook is changed to
negative from stable.

The change in outlook reflects Moody's expectation that
profitability and cash flows in the short to medium term may not
increase to the degree that had been previously anticipated, and
therefore that deleveraging towards Moody's target metrics for the
current rating will likely also take longer than expected.  While
the airline industry is recovering in terms of passenger numbers,
Moody's believes that the benefit that Travelport derives from
this may be mitigated by increased pressure on margins.

As Moody's has previously noted, Moody's continue to believe that
headroom under the company's net leverage covenant for its secured
credit facilities remains limited (actual 5.48x versus 6x required
as of June 2010), and that these covenants are due to step down.
Moody's current ratings and outlook therefore factor in the
expectation that the company will take appropriate actions to
rebuild headroom to more comfortable levels and avoid any risks of
a potential breach of its financial covenant within the coming
quarters.

As of June 2010 the company's liquidity consisted of
US$167 million in cash, in addition to US$240 million of
availability under its existing revolving credit facility.  It is
also supported by the company's 48% stake in Orbitz (rated B2 with
a stable outlook).  Moody's further notes that the company
generated free cash flow of approximately US$140 million on a last
12 months to end June 2010 and has no meaningful near-term debt
maturities.

The negative outlook reflects predominantly Moody's view that
metrics are likely to remain weak for the current rating for the
foreseeable future, and that gross leverage (as adjusted by
Moody's and including the PIK notes) may remain above 7x in
FY2010.  In this regard, a failure to improve metrics over the
short to medium term, with gross leverage not trending towards
6.5x, or further concerns developing over liquidity, would likely
be negative for the rating.  While not expected in the medium
term, positive pressure could develop if the company were able to
sustain leverage below 5.5x with a strong liquidity profile.

The last rating action for Travelport LLC was on 12 August 2010,
when the ratings were affirmed following the company's
announcement that it planned to issue US$250 million in new senior
unsecured notes which was partly used to repay existing secured
debt.

Headquartered in New-York, Travelport is a leading provider of
transaction processing services to the travel industry through its
two main business networks, the global distribution system
business, which includes the Group's airline information
technology solutions business, and the Gullivers Travel Associates
business.  During fiscal year ending December 2009, the company
generated revenues of c.US$2.2 billion.


TREVOR DAVIS: Grubb & Ellis to Sell $25MM Defaulted Loan
--------------------------------------------------------
Theresa Agovino, writing for Crain's New York Business, reports
that Grubb & Ellis New York Inc. has been tapped to market a loan
for a site on East 65th Street and Lexington Avenue that went into
default last year when developer Trevor Davis failed to make a
payment.

Crain's notes Mr. Davis had already started excavating the site
where he planned to build a 17-story condo with a retail
component, according to Vincent Carrega, executive managing
director of Grubb & Ellis' investment group.

According to Crain's, Mr. Carrega said the original loan was for
$17 million but with charges and interest, the amount due is
$25 million.  The loan is held by an investor group that had been
hoping to reach a deal with Mr. Davis but opted to sell when an
agreement couldn't be hammered out.  Mr. Carrega said formal
marketing of the loan will begin within the next 30 days.

Crain's notes Mr. Davis didn't return calls for comment.
According to Crain's, Mr. Davis recently developed 1055 Park Ave.,
a sleek condo project that caused some consternation among
preservationists on the Upper East Side.  He is a former partner
of noted developers Aby Rosen and Michael Fuchs, who own the
modernist landmarks the Lever House and Seagram Building.


TRIANGLE MANAGEMENT: Case Summary & 18 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Triangle Management Investments, Inc.
          dba Hollywood Inn & Suites, LLC
              4928 Investments, LLC
              Atlantic Hospitality of Florida, LLC
              Mazel Investments, LLC
              Magic Real Estate Investments, Inc.
              Tropical Paradise Resorts, LLC
              Mindy-O, LLC
              Lisa Land Trust
              Oceola Diamond, LLC
              Green Diamond of Oceola, Ltd.
              Kissimmee Heritage Pk Condo Assoc
        4800 Hollywood Beach Boulevard
        Hollywood, FL 33020

Bankruptcy Case No.: 10-40792

Chapter 11 Petition Date: October 7, 2010

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

Judge: John K. Olson

Debtor's Counsel: Anna B. Middleton, Esq.
                  2850 N. Andrews Avenue
                  Wilton, FL 33311
                  Tel: (954) 568-7000
                  E-mail: annabmiddleton@gmail.com

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

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

The petition was signed by Marcos Fintz, president & CEO.

Debtor's List of 18 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Triangle Management                Trade                  $642,103
4800  Hollywood Boulevard, #1A
Hollywood, FL 33020

KUA                                Trade                  $234,727
1701 W. Carroll Street
Kissimmee, FL 34741

American Ateller, Inc.             Trade                  $159,701
301 N. Front Street
Allentown, PA 18102

American Express Co.               Trade                   $38,868

Appellbrough & Farah               Trade                   $37,858

Sysco Foods                        Trade                   $35,750

Greater Miami Jewish Fed.          Trade                   $30,000

American Express Co.               Trade                   $25,813

CitiCards                          Trade                   $24,425

CardMember Services                Trade                   $23,202

Bank of America Card               Trade                   $22,866

Bright House Network               Trade                   $17,119

Cheney Brothers                    Trade                   $15,846

OrlandoMTS.com                     Trade                   $13,800

CardMember Services                Trade                   $13,555

Expedia Travel                     Trade                   $11,448

Lathan Shucker, LLP                Trade                   $11,158

MPG Communications                 Trade                    $9,092


TRIBUNE COMPANY: Committee Expands Settlement on 2007 LBO
---------------------------------------------------------
Tribune Company disclosed its support for an agreement reached by
its Official Committee of Unsecured Creditors, Oaktree Capital
Management, L.P., Angelo, Gordon & Co, L.P., and JPMorgan Chase
Bank, N.A. on a plan of reorganization that will settle certain
claims surrounding both "Step 1" and "Step 2" of the company's
2007 going-private transaction.

This settlement expands upon the previously-announced settlement
with Oaktree and Angelo Gordon with respect to Step 1, and comes
as a result of the court-ordered mediation overseen by U. S.
Bankruptcy Court Judge Kevin Gross.  The settlement has been
endorsed by Judge Gross as mediator and approved by the Special
Committee of Tribune's Board of Directors, comprised of
independent members of the company's board.  Oaktree, Angelo
Gordon, and JPMorgan hold significant amounts of the Initial and
Incremental Senior Loans of Tribune Company, and the Official
Committee represents the interests of all unsecured creditors in
the Tribune bankruptcy cases.

"With the able assistance of Judge Gross, we continue to achieve
success in our mediation efforts, and are pleased to have now
expanded the plan settlement to include the Official Committee of
Unsecured Creditors," said Don Liebentritt, Tribune's Chief
Restructuring Officer.  "The additional value being allocated to
our bondholders and other unsecured creditors represents a fair
and equitable settlement for all of our constituencies.  We remain
confident that Tribune continues on a path toward resolution of
its Chapter 11 cases that maximizes the value of the bankruptcy
estates, preserves all stakeholders' legitimate entitlements and
enables the company to conclude its bankruptcy proceedings as soon
as possible."

An important component of the new settlement is the contribution
of $120 million in cash by recipients of pre-bankruptcy payments
on the Incremental tranche of the Tribune Senior Loan and the
Bridge Loan facilities through an optional settlement of those
claims, with the arrangers for those facilities providing a
backstop to ensure that the estates receive the full settlement
payment on the plan's effective date.  This additional settlement
payment, together with additional contributions by holders of the
Senior Loans, allows for Tribune's bondholders to receive $420
million, representing 32.73 cents on the dollar upon emergence
plus their interest in a litigation trust, and provides for trade
creditors of Tribune's operating subsidiaries to be paid in full.

As with the previously-announced settlement, this agreement allows
for the distribution of the equity of the reorganized Tribune and
its subsidiaries pro rata to the holders of the Initial and
Incremental Senior Loan claims.

In addition, claims and causes of action against various parties
(including advisors, directors and officers involved in the 2007
transactions) will be preserved and placed in a litigation trust
and pursued for the benefit of creditors of Tribune.  The first
$90 million of recoveries from the trust will be allocated to
Tribune's general unsecured creditors, including its bondholders.
The litigation trust will allow an independent litigation trustee
to pursue legal action relating to the remaining fraudulent
conveyance issues alleged by various unsecured creditors, while
minimizing the possible negative impact these litigation issues
might have on the company's business operations.

The company intends to file a plan of reorganization and
disclosure statement incorporating both settlement agreements with
the U.S. Bankruptcy Court for the District of Delaware by Friday,
Oct. 15.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of December 8, 2008, the Debtors have $7,604,195,000 in total
assets and $12,972,541,148 in total debts.


ULTIMATE ESCAPES: October 18 Auction Pushes Through
---------------------------------------------------
Ultimate Escapes Holdings, LLC, on Monday filed with the Court an
Amended and Restated Agreement of Sale and Purchase dated as of
October 7, 2010.

The Debtors have entered into an asset purchase agreement with
CapitalSource Finance LLC, as administrative, payment and
collateral agent, CapitalSource Bahamas LLC, as collateral agent,
for the benefit of CapitalSource Bank, as lender, with respect to
the sale of the Company's assets.

The Court on October 8 approved bidding procedures that would
govern the sale.

CapitalSource will serve as stalking horse bidder.  It is offering
$65,242,572 for the assets.

Competing bids are due October 15.  An auction will be held
October 18 if rival offers are received.  The Debtors will seek
approval of the winning bid at a hearing on October 20.

CapitalSource is represented in the case by:

          Michael Richman, Esq.
          PATTON BOGGS LLP
          1185 Avenue of the Americas
          New York, NY 10036

               - and -

          Mark A. Salzberg, Esq.
          PATTON BOGGS LLP
          2550 M. Street, N.W.
          Washington, D.C. 20037

A full-text copy of the Amendment Agreement is available at no
charge at http://bankrupt.com/misc/UltimateEscapesSale.pdf

Monami K. Thakur, writing for International Business Times,
reports that creditors have turned down Ultimate Escapes' plan to
sell the assets.  The official committee of unsecured creditors
pushed the proposed deadlines by at least one month.

A meeting of creditors under Section 341 of the Bankruptcy Code is
slated for October 28 to address the issue, the Times notes.  The
committee is seeking to schedule the bid deadline on November 15
and plan to hold an auction on November 18.

According to the Times, the committee has said the bidding
procedures required that the sale occur on an extremely expedited
basis solely for the benefit of the secured lenders in an attempt
to chill all competing bids.  The Times also relates the committee
argued that the procedure required the exclusion of the committee
from participating in the sale and included an expense
reimbursement for the Secured Lenders and a success fee of 1% of
any bid other than the Stalking Horse Purchaser's Bids for CRG
Partners Group LLC, neither of which represents actual, necessary
costs of preserving the Debtors' estate.

The creditors committee is represented by:

          Peter W. Ito, Esq.
          GORDON & REES LLP
          55 Seventeenth Street, Suite 3400
          Denver, CO 80202

               - and -

          Christopher A. Ward, Esq.
          POLSINELLI SHUGHART PC
          222 Delaware Avenue, Suite 1101
          Wilmington, DE 19801

                   About Ultimate Escapes, Inc.

Ultimate Escapes, Inc. -- http://www.ultimateescapes.com/-- is a
luxury destination club that sells club memberships offering
members reservation rights to use its vacation properties, subject
to the rules of the club member's Club Membership Agreement.  The
Company's properties are located in various resort locations
throughout the world.

Kissimmee, Florida-based Ultimate Escapes Holdings, LLC, filed for
Chapter 11 bankruptcy protection on September 20, 2010 (Bankr. D.
Del. Case No. 10-12915).  Affiliates Ultimate Resort, LLC;
Ultimate Operations, LLC; Ultimate Resort Holdings, LLC; Ultimate
Escapes, Inc. (fka Secure America Acquisition Corporation); P & J
Partners, LLC; UE Holdco, LLC; UE Member, LLC, et al., filed
separate Chapter 11 petitions.

Scott D. Cousins, Esq., Matthew L. Hinker, Esq., and Nancy A.
Mitchell, Esq., at Greenberg Traurig LLP, assist the Debtors in
their restructuring efforts.  CRG Partners Group LLC is the
Debtors' chief restructuring officer.  BMC Group Inc. is the
Company's claims and notice agent.

Ultimate Escapes estimated assets at $10 million to $50 million
and debts at $100 million to $500 million as of the Petition Date.


UNI CORE: Albert Wong Raises Going Concern Doubt
------------------------------------------------
Uni Core Holdings Corporation (formerly known as Intermost
Corporation) filed on October 7, 2010, its annual report on Form
10-K for the fiscal year ended June 30, 2010.

Albert Wong & Co., in Hong Kong, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has suffered recurring
losses from operations, has a significant accumulated deficit, and
continues to experience negative cash flows from operations.

The Company reported a net loss of $12.8 million on $2.7 million
of revenue for fiscal 2010, compared to a net loss of $2.4 million
on $4,023 of revenue for fiscal 2009.  Net revenues during fiscals
2010 and 2009 were derived principally from sales of paper
products and e-commerce solutions.

The Company's balance sheet at June 30, 2010, showed $32.7 million
in total assets, $12.4 million in total liabilities, $1.2 million
in minority interests, and stockholders' equity of $19.1 million.

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

               http://researcharchives.com/t/s?6c4d

                          About Uni Core

Wanchai, Hong Kong-based Uni Core Holdings Corporation was
incorporated as La Med Tech, Inc., under the laws of the State of
Utah on March 6, 1985.  The Company changed its name to
Entertainment Concepts International in 1987, to Lords & Lazarus,
Inc. in 1988, to Utility Communications International, Inc. in
1996, to Intermost Corporation in 1998, and to Uni Core Holdings
Limited in 2009.

In February 2003, the Company reincorporated from Utah to the
State of Wyoming.

Through its subsidiary ChinaE.com Technology (Shenzhen) Ltd., the
Company offers web design, web hosting, domain name registration,
software development and office automation software to its
clients.

Through its subsidiary Hainan Concord Financial Products
Development Co., Ltd., the Company issues and manages multi-
functional membership cards for the people who participate in
private equity exchange in Hainan, and has an exclusive agreement
with Hainan Exchange Centre Non-Public Company Registration Co.,
Ltd. to issue multi-functional membership and credit cards to
their members.

Through its subsidiary APT Paper Group Limited, the Company is
engaged in the manufacture of honeycomb paper packaging products.


UTE MESA: U.S. Trustee Unable to Form Creditors Committee
---------------------------------------------------------
Charles F. McVay, the U.S. Trustee for Region 19, notified the
U.S. Bankruptcy Court for the District of Colorado that he was
unable to appoint an official committee of unsecured creditors in
the Chapter 11 case of Ute Mesa Lot 1, LLC.

The U.S. Trustee explained that there were insufficient
indications of willingness from the unsecured creditors to serve
in the committee.

Denver, Colorado-based Ute Mesa Lot 1, LLC, filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. D. Colo. Case No.
10-30620).  Duncan E. Barber, Esq., at Bieging Shapiro & Burrus
LLP, assists the Debtor in its restructuring effort.  The Debtor
disclosed $10,017,982 in assets and $11,633,024 in liabilities.


WASHINGTON MUTUAL: Examiner's Full Report to Be Filed Nov. 1
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that most if not all of the Washington Mutual Inc.
examiner's report should be filed publicly on Nov. 1, as the
result of procedures laid down by the bankruptcy judge for
resolving confidentiality disputes.

Mr. Rochelle relates that the examiner, Joshua Hochberg, will
report on the merits of a settlement among WaMu, the Federal
Deposit Insurance Corp. and JPMorgan Chase & Co.  The contents of
many documents to be covered in the report were obtained under
confidentiality agreements that prohibit public disclosure of
underlying information.

According to Mr. Rochelle, in an order on Oct. 8, U.S. Bankruptcy
Judge Mary F. Walrath created a procedure where objections to
public disclosure of documents or their contents are to be worked
out between Oct. 25 and Oct. 28.  To the extent that disputes
aren't resolved, the examiner's report will be filed publicly in
redacted form on Nov. 1.  The entire report will be filed under
seal.

                           Revised Plan

As reported by the Troubled Company Reporter on October 7, 2010,
Washington Mutual filed with the Bankruptcy Court 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 FDIC and
JPMorgan.  The parties have agreed to modify the terms of the
initial global settlement agreement announced earlier this year 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.

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.

                      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.  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, serve as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP, serves as legal counsel to WMI with
responsibility for the Chapter 11 case.


WAYNE ANDERSON: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Wayne E. Anderson
        110 Woodland Blvd.
        Boerne, TX 78006

Bankruptcy Case No.: 10-53835

Chapter 11 Petition Date: October 4, 2010

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Leif M. Clark

Debtor's Counsel: James Samuel Wilkins, Esq.
                  WILLIS & WILKINS, LLP
                  100 W Houston St, Suite 1275
                  San Antonio, TX 78205
                  Tel: (210) 271-9212
                  Fax: (210) 271-9389
                  E-mail: jwilkins@stic.net

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

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

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-53835.pdf


WEBSAFETY INC: Posts $856,100 Net Loss in June 30 Quarter
---------------------------------------------------------
Websafety, Inc. (formerly Blindspot Alert, Inc.), filed its
quarterly report on Form 10-Q, reporting a net loss of $856,139 on
$76,712 of revenue for the three months ended June 30, 2010,
compared with a net loss of $156,764 on $0 revenue for the same
period last year.

The Company has incurred cumulative net losses of approximately
$4.1 million from the period of July 3, 2006, through June 30,
2010, and has used significant cash in support of its operating
activities.

The Company's balance sheet at June 30, 2010, showed $2.3 million
in total assets, $632,101 in total liabilities, and stockholders'
equity of $1.7 million.

EFP Rotenberg, LLP, in Rochester, New York, expressed substantial
doubt about the Company's ability to continue as a going concern,
following the Company's 2009 results.  The independent auditors
noted that the Company has a significant accumulated deficit and
significant net losses for the year ending December 31, 2009.

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

               http://researcharchives.com/t/s?6c50

                       About Websafety Inc.

Irving, Tex.-based Websafety, Inc., focuses on marketing, selling,
and distributing a range of Internet software applications and
services for computers and cell phones that allow parents or other
caregivers to monitor and be notified of occurrences of predator
advances, cyber bullying and pornography received on children's
computers.  The cell phone application would also restrict text
messaging while driving and provide location information to
parents using GPS technology.


WECK CORP: Creditors Have Until Nov. 30 to File Proofs of Claim
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
has established November 30, 2010, at 5:00 p.m. (prevailing
Eastern Time), as the deadline for any individual or entity to
file proofs of claim against The Weck Corporation, et al.

The Court also fixed February 9, as the governmental bar date.

Proofs of claim must be delivered to:

If by hand delivery or overnight courier,

     The Weck Corporation
     c/o The Garden City Group, Inc.
     5151 Blazer Parkway, Suite A
     Dublin, OH 43017

If by U.S. Postal Service,

     The Weck Corporation
     c/o The Garden City Group, Inc.
     P.O. Box 9666
     Dublin, OH 43017-4966

Or if by hand delivery,

     U.S. Bankruptcy Court, SDNY
     One Bowling Green
     Room 534
     New York, New York 10004

                    About The Weck Corporation

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  Mark T. Power, Esq., at
Hahn & Hessen LLP, assists the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WECK CORP: Committee Taps Lowenstein Sandler as Bankruptcy Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of The Weck Corporation, et al., asks the U.S. Bankruptcy
Court for the Southern District of New York for permission to
employ Lowenstein Sandler PC as its counsel.

Lowenstein Sandler will, among other things:

   a) provide legal advice necessary with respect to the
      Committee's powers and duties;

   b) assist the Committee in investigating the acts, conduct,
      assets, liabilities, and financial condition of the Debtors,
      the operation of the Debtors' business, potential claims,
      and any other matters relevant to the case, or to the
      formulation of a plan of reorganization or a sale of the
      Debtors' assets; and

   c) participate in the formulation of a Plan or sale of the
      Debtors' assets.

The hourly rates of Lowenstein Sandler's personnel are:

     Partners                    $410 - $765
     Counsel                     $320 - $520
     Associates                  $220 - $380
     Legal Assistants            $120 - $215

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

The firm can be reached at:

     Kenneth A. Rosen, Esq.
     Sharon L. Levine, Esq.
     Bruce S. Nathan, Esq.
     Scott Cargill, Esq.
     Thomas A. Pitta, Esq.
     LOWENSTEIN SANDLER PC
     1251 Avenue of the Americas, 18th Floor
     New York, NY 10020
     Tel: (212) 262-6700
     Fax: (212) 262-7402

             -and-

     65 Livingston Avenue
     Roseland, NJ 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400

                    About The Weck Corporation

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  Mark T. Power, Esq., at
Hahn & Hessen LLP, assists the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WECK CORP: Committee Wants BDO Consulting as Financial Advisor
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of The Weck Corporation, et al., asks the U.S. Bankruptcy
Court for the Southern District of New York for permission to
employ BDO Consulting, a division of BDO Seidman, LLP as its
financial advisor.

BDO Consulting will, among other things:

   a) analyze the financial operations of the Debtors pre- and
      post-petition, as necessary;

   b) analyze the financial ramifications of any proposed
      transactions for which the Debtors seek Bankruptcy Court
      approval including, but not limited to, postpetition
      financing, sale of all or a portion of the Debtors' assets,
      critical vendor payments, retention of management or
      employee incentive and severance plans; and

   c) conduct any requested financial analysis including verifying
      the material assets and liabilities of the Debtors, as
      necessary, and their values.

David E. Berliner, a partner at BDO Consulting, tells the Court
that the firm will charge a flat rate of $25,000 for the months of
August, September, October and November.  In the event that BDO
Consulting's services are needed beyond the initial period, BDO
Consulting will either convert to an hourly billing arrangement at
a blended rate not to exceed $295 per hour, or will negotiate a
new monthly flat rate.

Mr. Berliner assures the Court that BDO Consulting is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                    About The Weck Corporation

Headquartered in New York, The Weck Corporation operates a
housewares and home furnishings business at six retail store
locations, utilizing seven store leases, a warehouse lease and an
office lease, and an internet-based business, all under the name
Gracious Home.  Gracious Home offers a wide range of customized
products and services, including personal shopping, corporate and
bridal gifts, decorative hardware, lighting and plumbing, key
making, knife sharpening, lamp re-wiring, vacuum repairs, custom
window treatments and stationary.

The Weck filed for Chapter 11 bankruptcy protection on August 13,
2010 (Bankr. S.D.N.Y. Case No. 10-14349).  Mark T. Power, Esq., at
Hahn & Hessen LLP, assists the Debtor in its restructuring effort.
The Debtor estimated its assets and debts at $10 million to
$50 million as of the Petition Date.

Affiliates Weck Chelsea, LLC (Bankr. S.D.N.Y. Case No. 10-14353),
Gracious Home.com, LLC (Bankr. S.D.N.Y. Case No. 10-14351), and
West Weck, LLC (Bankr. S.D.N.Y. Case No. 10-14350) filed separate
Chapter 11 petitions on August 13, 2010.


WENTWOOD ROLLINGBROOK: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Wentwood Rollingbrook, L.P.
        c/o Law Offices of Matthew Hoffman, p.c.
        2777 Allen Parkway, Suite 1000
        Houston, TX 77019
        Tel: (713) 654-9990

Bankruptcy Case No.: 10-38988

Chapter 11 Petition Date: October 4, 2010

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

Judge: Karen K. Brown

Debtor's Counsel: Matthew Hoffman, Esq.
                  LAW OFFICES OF MATTHEW HOFFMAN, P.C.
                  2777 Allen Parkway, Suite 1000
                  Houston, TX 77019
                  Tel: (713) 654-9990
                  Fax: (713) 654-0038
                  E-mail: mhecf@aol.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 Gary Gray, manager of Wentwood
Rollingbrook Partners, LLC, Debtor's general partner.


WENTWOOD ROUNDHILL: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Wentwood Roundhill I, L.P.
        c/o Law Offices of Matthew Hoffman, p.c.
        2777 Allen Parkway, Suite 1000
        Houston, TX 77019
        Tel: (713) 654-9990

Bankruptcy Case No.: 10-38984

Chapter 11 Petition Date: October 4, 2010

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

Judge: Karen K. Brown

Debtor's Counsel: Matthew Hoffman, Esq.
                  LAW OFFICES OF MATTHEW HOFFMAN, P.C.
                  2777 Allen Parkway, Suite 1000
                  Houston, TX 77019
                  Tel: (713) 654-9990
                  Fax: (713) 654-0038
                  E-mail: mhecf@aol.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 Gary Gray, manager of Wentwood
Roundhill Partners, LLC, Debtor's general partner.


WHITE RIVER: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------
Indianapolis Business Journal reports that White River Investments
LP, a subsidiary of Broadbent Co., made a voluntary filing to
reorganize under Chapter 11 bankruptcy protection.  The Company
disclosed assets of $1.4 million and liabilities of $1.3 million.

The Journal relates that the Company's local concert venue, Music
Mill, was out of business twice in 2009 but reoponed each time
after ownership changes.

According to the journal, the bankruptcy is the latest sign of
financial strain at Broadbent Co.  The firm and its president,
George Broadbent, are immersed in nearly a half dozen lawsuits
with lenders and other creditors that collectively are seeking
more than $20 million.  The court fights began in August 2009,
when Broadbent sued PNC Bank and Huntington, claiming they were
wrongly attempting to restrict access to a $50 million credit
line.

The Company owes $1.1 million to Huntington.  White River is the
second Broadbent unit to file for bankruptcy in 2010.


YELLOWSTONE CLUB: Co-Founder Accuses Judge of 'Myriad Misdeeds'
---------------------------------------------------------------
A co-founder of Yellowstone Club has disclosed that his ex-wife is
being investigated for criminal activities and accused the judge
in the resort's Chapter 11 case of committing myriad misdeeds,
including trying to shut down the investigation, Bankruptcy Law360
reports.

According to Law360, Timothy L. Blixseth lodged a draft motion
Friday in the U.S. District Court for the District of Montana.

                       About Yellowstone Club

Located near Big Sky, Montana, Yellowstone Club --
http://www.theyellowstoneclub.com/-- is a private golf and ski
community with more than 350 members, including Bill Gates and Dan
Quayle.  The Company was founded in 1999.

Yellowstone Mountain Club LLC and its affiliates filed for Chapter
11 on Nov. 10, 2008 (Bankr. D. Mont. Case No. 08-61570).  The
Company's owner affiliate Edra D. Blixseth, filed for Chapter 11
on March 27, 2009 (Bankr. D. Mont. Case No. 09-60452).

In June 2009, the Bankruptcy Court entered an order confirming
Yellowstone's Chapter 11 Plan.  Pursuant to the Plan, CrossHarbor
Capital Partners, LLC, acquired equity ownership in the
reorganized club for $115 million.

Attorneys at Bullivant Houser Bailey PC and Bekkedahl & Green
PLLC, represented the Debtors.  The Debtors hired FTI Consulting
Inc. and Ronald Greenspan as CRO.  The official committee of
unsecured creditors were represented by Parsons, Behle and
Latimer, as counsel, and James H. Cossitt, Esq., at local counsel.
Credit Suisse, the prepetition first lien lender, was represented
by Skadden, Arps, Slate, Meagher & Flom.

The Court entered an order confirming The Yellowstone Club's
Chapter 11 Plan of Reorganization in June 2009.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Oct. 6-8, 2010
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        JW Marriott Grande Lakes, Orlando, Florida
           Contact: http://www.turnaround.org/

Oct. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Chicago Consumer Bankruptcy Conference
        Standard Club, Chicago, Ill.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 15, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Hilton New Orleans Riverside, New Orleans, La.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 28, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Level Professional Development Program
        Weil, Gotshal & Manges LLP, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 29, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        The Savoy, London, England
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. __, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Delaware Views from the Bench and Bankruptcy Bar
        Hotel du Pont, Wilmington, Del.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Detroit Consumer Bankruptcy Conference
        Hyatt Regency Dearborn, Dearborn, Mich.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29, 2010
  RENAISSANCE AMERICAN MANAGEMENT, INC. & BEARD GROUP, INC.
     17th Annual Distressed Investing Conference
        The Helmsley Park Lane Hotel, New York City
           Contact: 1-903-595-3800;
                    http://www.renaissanceamerican.com/

Dec. 9-11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        Camelback Inn, a JW Marriott Resort & Spa,
        Scottsdale, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2-4, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     22nd Annual Winter Leadership Conference
        Camelback Inn, Scottsdale, Arizona
           Contact: 1-703-739-0800; http://www.abiworld.org/

January 26-28, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Distressed Investing Conference
        Aria Las Vegas
           Contact: http://www.turnaround.org/

Jan. 27-28, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Rocky Mountain Bankruptcy Conference
        Westin Tabor Center, Denver, Colo.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 3-5, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Caribbean Insolvency Symposium
        Westin Casuarina Resort & Spa, Grand Cayman Island
           Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 24-25, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Valcon
        Four Seasons Las Vegas, Las Vegas, Nev.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 4, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Bankruptcy Battleground West
        Hyatt Regency Century Plaza, Los Angeles, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 7-9, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Conrad Duberstein Moot Court Competition
        Duberstein U.S. Courthouse, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Nuts and Bolts - Florida
        Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     SUCL/ Alexander L. Paskay Seminar on
     Bankruptcy Law and Practice
        Marriott Tampa Waterside, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 17-19, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Byrne Judicial Clerkship Institute
        Pepperdine University School of Law, Malibu, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

April 27-29, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        JW Marriott, Chicago, IL
           Contact: http://www.turnaround.org/

May 5, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Nuts and Bolts - New York City
        Association of the Bar of the City of New York,
        New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

May 6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     New York City Bankruptcy Conference
        Hilton New York, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Canadian-American Cross-Border Insolvency Symposium
        Fairmont Royal York, Toronto, Ont.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Central States Bankruptcy Workshop
        Grand Traverse Resort and Spa, Traverse City, Mich.
              Contact: http://www.abiworld.org/

July 21-24, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Northeast Bankruptcy Conference
        Hyatt Regency Newport, Newport, R.I.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 27-30, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Sanctuary at Kiawah Island, Kiawah Island, S.C.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hotel Hershey, Hershey, Pa.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Tampa Convention Center, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. __, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        Dublin, Ireland
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     Hilton San Diego Bayfront, San Diego, CA
        Contact: http://www.turnaround.org/

Dec. 1-3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     23rd Annual Winter Leadership Conference
        La Quinta Resort & Spa, La Quinta, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

April 3-5, 2012
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        Grand Hyatt Atlanta, Atlanta, Ga.
           Contact: http://www.turnaround.org/

Apr. 19-22, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Ritz-Carlton Amelia Island, Amelia Island, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

November 1-3, 2012
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Westin Copley Place, Boston, Mass.
           Contact: http://www.turnaround.org/

Nov. 29 - Dec. 2, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

April 10-12, 2013
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        JW Marriott Chicago, Chicago, Ill.
           Contact: http://www.turnaround.org/

October 3-5, 2013
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Marriott Wardman Park, Washington, D.C.
           Contact: http://www.turnaround.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.

Last Updated: October 3, 2010



                           *********

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 ***