TCR_Public/101021.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Thursday, October 21, 2010, Vol. 14, No. 292

                            Headlines

A&S PROPERTIES: Case Summary & Largest Unsecured Creditor
ABITIBIBOWATER INC: Exec. Defends Handling of BCFC Claims
AMERICA WEST: Posts $4.4 Million Net Loss in June 30 Quarter
AMERICAN INT'L: Officers Receive Long-Term Performance Units
AMERICAN MEDIA: To Defer Nov. 1 Interest Payment on 14% Notes

ARMSTRONG WORLD: Moody's Assigns 'Ba1' Rating to New Senior Notes
ARTFEST INT'L: Posts $1.3 Million Net Loss in June 30 Quarter
ARVINMERITOR INC: Extends A/R Arrangement to October 2013
ASSOCIATED MATERIALS: Hellman & Friedman Completes Acquisition
BERNARD MADOFF: Personal Property Goes to Auction on Nov. 13

BERNARD MADOFF: No Distribution for Fund Investors, Trustee Argues
BILL HEARD: CB&T Has Setoff Rights in Deposit Account
BLOSSOM VALLEY: Plan Outline Hearing Continued Until January 13
BOSTON GENERATING: Lenders Sue for Fraud and Contract Breach
BROAD RIVER: S&P Assigns 'BB-' Rating to $282-Mil. Senior Loan

BROAD RIVER: Moody's 'B2' Rating on Review Pending Calpine Deal
CANADIAN SAHARA: Files for Insolvency Protection in Canada
CAPITOL BANCORP: Cancels Exchange Offer for 10.50% TruPS
CAPITAL FUNDING: Can Avoid Becker Judgment as Preferential
CAPMARK FINANCIAL: Seeks to Expand Deloitte Tax Advisory Work

CAPMARK FINANCIAL: Committee Serves Subpoeanas on JPM, et al.
CAPMARK FINANCIAL: Debt Holders Serve Subpoeanas on CITIC, et al.
CARMEUSE HOLDING: Moody's Gives Positive Outlook on 'B1' Rating
CASTLE HORIZON: Case Summary & 4 Largest Unsecured Creditors
CEMTREX INC: Posts $114,800 Net Loss in June 30 Quarter

CENTRO NP: Moody's Affirms 'Caa2' Senior Unsecured Debt Rating
CHARDON RUBBER: PBGC Assumes Underfunded Pension Plan
CHEMTURA CORP: Extends Escrow Period for Ch. 11 Exit Financing
CHEMTURA CORP: Resolves Gowanus Site Obligations for $3.9MM
CHEMTURA CORP: Wins Nod of Settlemetn with Environmental Agencies

CHEMTURA CORP: Inks 1st Amendment of $295MM Term Loan Facility
CHINA VOICE: To File Annual Report Late; Flint Blamed
CHINA YOUTH: Posts $543,900 Net Loss in June 30 Quarter
CHRYSLER LLC: Agrees to Pay $31 Million to Settle CERCLA Claim
CMR MORTGAGE FUND: Trust Seeks $20MM in Plan Exit Financing

COMMERCIAL BARGE: Platinum Deal Cues Moody's Rating Review
CRS MANAGEMENT: Court Confirms Chapter 11 Plan of Reorganization
DAIRY PRODUCTION: Section 341(a) Meeting Scheduled for Nov. 16
DAIRY PRODUCTION: US Trustee Appoints 7 Members to Creditors Panel
DAIRY PRODUCTIONS: Wants Schedules Filing Extended Until Nov. 11

DANIEL RIDEOUT: Voluntary Chapter 11 Case Summary
DAVID ROOT: Idaho Court Slashes Counsel's Fees for MOR Work
DAYTON OAKS: Wants to Resolve Concerns Related to Asset Sale
DREIER LLP: Trustee Sues to Recover $11.9 Million From Client
DUBROW INC: US Trustee Appoints 5 Members to Creditors Panel

ELIZABETH JOHNSON: Voluntary Chapter 11 Case Summary
ENERGY FUTURE: EFCH Unit Sees $3.7 Billion Net Loss for Q3
ENERGY FUTURE: Sierra Club Sues Over Clean Air Act Violations
EQK BRIDGEVIEW: Taps Franklin Skierski as General Bankr. Counsel
EXTENDED STAY: JPMorgan, Deutsche Bank to Sell $2-Billion CMBS

FACE PROPERTIES: Case Summary & 15 Largest Unsecured Creditors
FHC HEALTH: Moody's Upgrades Rating on $175-Mil. Loan to 'Ba3'
FONTAINEBLEAU LV: ACP Amends Complaint Against BofA, et al.
FOURTH QUARTER: Creditor BALC Wants Reorganization Case Dismissed
GENERAL GROWTH: Files Registration Statement on Form S-11

GENTA INC: Wins FINRA Nod to Revert Trading Symbol to GNTA.OB
GUANGZHOU GLOBAL: June 30 Balance Sheet Upside-Down by $3.5MM
GULFSTREAM CRANE: Files Amended Plan of Liquidation
GULFSTREAM CRANE: U.S. Trustee Wants Case Dismissed or Converted
HARRISBURG PA: Gets Proposals From 5 Bankruptcy Advisers

HILTON WORLDWIDE: BofA, Goldman Selling $3-Billion CMBS
HOWARD SCOTT ROSS: Chapter 11 Reorganization Case Dismissed
INNKEEPERS USA: Judge Denies Preferred Shareholders' Committee
INNKEEPERS USA: Court Denies Preferreds' Plea for Examiner
INNKEEPERS USA: Wins Nod of Marriott Agreements

INTELLIGENT COMMUNICATION: Posts $908,700 Net Loss in Q2 2010
INTERSTATE BAKERIES: PBGC to Pay Pensions Under ABA Plan
KLCG PROPERTY: Unable to Effectuate Plan; Wants Case Dismissed
LA JOLLA PHARMA: Posts $3.1 Million Net Loss in June 30 Quarter
LOCAL INSIGHT: Hires Lazard to Weigh Restructuring Options

MARK GINSBURG: Wants 120-Day Exclusivity Extension
MGM RESORTS: Receives $511MM Net Proceeds from Underwriting Deal
MGM RESORTS: Tracinda Offloads 27.7-Mil. Shares for $347MM
MOVIE GALLERY: IRS Wants Plan Confirmation Denied
NEXSTAR BROADCASTING: Giuhat Disposes Of Stock Options

NMP INVESTORS: Case Dismissed; Re-Filing Barred for 6 Months
NORD RESOURCES: Chairman Hirsch Acquires 65,600 Shares
OLD COLONY: Section 341(a) Meeting Scheduled for Nov. 15
ORBUS PHARMA: Creditors Approve Bankruptcy Proposal
PACIFICA MESA: Introduces Bankruptcy-Exit Plan

PENNSYLVANIA ACADEMY: Wants Suit vs. Donors in Bankruptcy Court
PETRA FUND: Files for Chapter 11 in Manhattan
PETRA FUND: Case Summary & 8 Largest Unsecured Creditors
POSITRON CORP: Posts $6.4 Million in June 30 Quarter
PUBLIC MEDIA: Posts $488,900 Net Loss in August 31 Quarter

RARITAN HOSPITALITY: Case Summary & 20 Largest Unsecured Creditors
REVLON CONSUMER: Extends 401(k) Plan Temporary Blackout Period
ROCK & REPUBLIC: Landlord Gears Up For Trial Over Lease Dispute
ROCK US: Potential Bidder Seeks More Time to Object to Sale Plan
RW LOUISVILLE: Taps Stoll Keenon as Bankruptcy Counsel

RW LOUISVILLE: Section 341(a) Meeting Scheduled for Nov. 4
SHERWOOD FARMS: Court Disapproves Plan Outline; Amendment Needed
STONECREST FINANCIAL: Court Converts Case to Chapter 7 Liquidation
TAYLOR & BISHOP: Files Schedules of Assets & Liabilities
TAYLOR & BISHOP: Section 341(a) Meeting Scheduled for Nov. 9

TAYLOR & BISHOP: Taps Gallagher & Kennedy as Gen. Bankr. Cousnel
TENX BIOPHARMA: Creditors Attempt to Stop Sale
TENX BIOPHARMA: Involuntary Chapter 11 Case Summary
TERRESTAR NETWORKS: Asks for Schedules Filing Extension
TERRESTAR NETWORKS: Proposes TSN to Act as Foreign Representative

TERRESTAR NETWORKS: Elektrobit Asserts Significant Receivables
THOMAS BOLES: Case Summary & 20 Largest Unsecured Creditors
TRIANGLE MANAGEMENT: Asks Court to Dismiss its Chapter 11 Case
TRIANGLE MANAGEMENT: Wants to Hire Behar Gutt as Counsel
TRIANGLE MANAGEMENT: Section 341(a) Meeting Scheduled for Nov. 30

VHGI HOLDINGS: Takes Back MOS Assets Sold to MOS Acquisition
YRC WORLDWIDE: Sees Positive 3rd Quarter 2010 Adjusted EBITDA

* Fisher Brothers Raise Cash to Buy Troubled Real Estate Projects

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

                            *********

A&S PROPERTIES: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: A&S Properties, Inc.
        P.O. Box 736
        Flint, MI 48501

Bankruptcy Case No.: 10-35561

Chapter 11 Petition Date: October 15, 2010

Court: United States Bankruptcy Court
       Eastern District of Michigan (Flint)

Judge: Daniel S. Opperman

Debtor's Counsel: Keith A. Schofner, Esq.
                  LAMBERT, LESER, ISACKSON, COOK & GIUNTA, P.C
                  916 Washington Ave., Suite 309
                  Bay City, MI 48708
                  Tel: (989) 893-3518
                  Fax: (989) 894-2232
                  E-mail: kaschofner@lambertleser.com

Estimated Assets: $0 to $50,000

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

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

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Citizens Bank             1416 Poplar St.        $1,178,836
328 S. Saginaw St.        Flint, MI 48503
Flint, MI 48502

The petition was signed by Cheryl A. Gifford, president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
A&S Supply Co., Inc.                   10-35065    09/20/10


ABITIBIBOWATER INC: Exec. Defends Handling of BCFC Claims
---------------------------------------------------------
Bankruptcy Law360 reports that the evidentiary phase of
AbitibiBowater Inc.'s Chapter 11 plan confirmation hearing wrapped
up Tuesday, with the Debtors' chief legal officer defending
various measures undertaken to ensure that a subsidiary could
pursue claims against its parent without conflict.

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

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

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

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

AbitibiBowater Inc.'s consolidated balance sheet at June 30, 2010,
showed $6.649 billion in total assets, $9.437 billion in total
liabilities, and a stockholders' deficit of $2.788 billion.


AMERICA WEST: Posts $4.4 Million Net Loss in June 30 Quarter
------------------------------------------------------------
America West Resources, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $4.4 million on $3.4 million of
revenue for the three months ended June 30, 2010, compared with a
net loss of $465,176 on $2.6 million of revenue for the same
period in 2009.

Loss from operations was $1.1 million during the three months
ended June 30, 2010, compared to an operating loss of
$1.3 million during the three months ended June 30, 2009.

Total net other expenses totaled $5.0 million for the three months
ended June 30, 2010, compared to net other income of $825,237 for
the three months ended June 30, 2009.

America West had a working capital deficit of $26.5 million and an
accumulated deficit of $32.3 million as of June 30, 2010.

The Company's balance sheet at June 30, 2010, showed $17.5 million
in total assets, $28.9 million in total liabilities, and a
stockholders' deficit of $11.4 million.

As reported in the Troubled Company Reporter on April 27, 2010,
MaloneBailey, LLP, in Houston, 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 working capital deficit and has incurred
significant losses.

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

               http://researcharchives.com/t/s?6cb4

                        About America West

Based in Salt Lake City, Utah, America West Resources, Inc., is an
established domestic coal producer engaged in the mining of clean
and compliant (low-sulfur) coal.  The majority of the Company's
coal is sold to utility companies for use in the generation of
electricity.


AMERICAN INT'L: Officers Receive Long-Term Performance Units
------------------------------------------------------------
Several American International Group, Inc., officers disclosed in
separate Form 4 filings with the Securities and Exchange
Commission their receipt of Long-Term Performance Units in the
company on October 15:

     -- Peter D. Hancock, AIG executive vice-president, received
        471.5558 LTPUs;

     -- Mark A. Wilson, AIG's EVP for Life Insurance, received
        249.1761 LTPUs; and

     -- Thomas A. Russo, AIG's EVP and General Counsel, received
        147.098 LTPUs.

Those awards represent the portion of a grant of fully vested
LPTUs that is based on the value of common stock, net of the value
of 10.7206 shares withheld for taxes.

The LTPUs are based on a mix of common stock and AIG's 8.175%
Series A-6 Junior Subordinated Debentures, and represent 20%
common stock and 80% Hybrid Securities, by value, on the date of
grant.  One third of the award will be payable in cash based on
the values of the underlying securities on the first anniversary
of the grant date, one third based on the values on the second
anniversary and one third based on the values on the third
anniversary.

The securities do not have an exercisable date or expiration date.
The securities do not carry a conversion or exercise price.

Mr. Wilson also received 68.3225 LTPUs on October 15.  Mr. Russo
also received another 49.0327 LTPUs.  Nicholas C. Walsh, AIG's
EVP, received 883.173 LTPUs.  Those awards represent the portion
of a grant of fully vested LPTUs that is based on the value of
common stock.  The LTPUs are based on a mix of common stock and
AIG's 8.175% Series A-6 Junior Subordinated Debentures and
represent 20% common stock and 80% Hybrid Securities, by value, on
the date of grant.  The award will be payable in cash based on the
values of the underlying securities on the first anniversary of
the grant date.

AIG EVP Rodney O. Martin, Jr., also received 708.4904 LTPUs,
representing the portion of a grant of fully vested LPTUs that is
based on the value of common stock, net of the value of 20.9526
withheld for taxes.

Mr. Walsh on October 15 disposed of 886.83 Restricted Stock Units,
representing payout of $36,776.96, net of applicable taxes, in
stock salary payable in cash based on AIG's share price on the
first anniversary of the deemed grant date, to be paid on the next
payroll date.

Mr. Martin also disposed of 968.03 RSUs, representing payout of
$40,144.32, net of applicable taxes, in stock salary payable in
cash based on AIG's share price on the first anniversary of the
deemed grant date, to be paid on the next payroll date.

AIG SVP Monika M. Machon received 135.3303 LTPUs, which represent
the portion of a grant of fully vested LPTUs that is based on the
value of common stock, net of the value of 3.3242 shares withheld
for taxes.

She also received 47.0714 LTPUs, which represent the portion of a
grant of fully vested LPTUs that is based on the value of common
stock, net of the value of 1.1563 shares withheld for taxes.

She disposed of 137.93 RSUs, representing payout of $5,719.91, net
of applicable taxes, in stock salary payable in cash based on
AIG's share price on the first anniversary of the deemed grant
date, to be paid on the next payroll date.

Jeffrey Hurd, AIG's SVP for Human Resources, received 121.8187
LTPUs, representing the portion of a grant of fully vested LPTUs
that is based on the value of common stock, net of the value of
2.7694 shares withheld for taxes.

He also received 23.5778 LTPUs, representing the portion of a
grant of fully vested LPTUs that is based on the value of common
stock, net of the value of 0.5361 shares withheld for taxes.

He disposed of 149.32 RSUs, representing payout of $6,192.32, net
of applicable taxes, in stock salary payable in cash based on
AIG's share price on the first anniversary of the deemed grant
date, to be paid on the next payroll date.

AIG SVP William N. Dooley received 792.4749 LTPUs, representing
the portion of a grant of fully vested LPTUs that is based on the
value of common stock, net of the value of 21.3664 withheld for
taxes.

He disposed of 792.4749 RSUs, representing payout of $34,927.06,
net of applicable taxes, in stock salary payable in cash based on
AIG's share price on the first anniversary of the deemed grant
date, to be paid on the next payroll date.

AIG EVP Jay S. Wintrob disposed of 1,473.9 on October 18,
representing the payment in cash of $62,286.99, net of applicable
taxes, in settlement of stock salary based on AIG's share price on
October 18, 2010.  The settlement date for this award was
accelerated by one year after certification to the Special Master
for TARP Executive Compensation that AIG had completed a corporate
transaction that resulted in a repayment to the Federal Reserve
Bank of New York.

Mr. Wintrob received 1,473.9 LTPUs on October 15, representing the
portion of a grant of fully vested LPTUs that is based on the
value of common stock, net of the value of 27.3926 shares withheld
for taxes.

AIG SVP Brian T. Schreiber received 713.3697 LTPUs, representing
the portion of a grant of fully vested LPTUs that is based on the
value of common stock, net of the value of 21.0970 shares withheld
for taxes.

He disposed of 642.96 RSUs, representing payout of $ 26,663.73 net
of applicable taxes, in stock salary payable in cash based on
AIG's share price on the first anniversary of the deemed grant
date, to be paid on the next payroll date.

AIG EVP Kristian P. Moor received 975.8819 LTPUs, representing the
portion of a grant of fully vested LPTUs that is based on the
value of common stock, net of the value of 28.8605 shares withheld
for taxes.

He disposed of 1,934.66 RSUs, representing the payment in cash of
$ 80,230.32, net of applicable taxes, in settlement of stock
salary based on AIG's share price on October 15, 2010.  The
settlement date for this award was accelerated by one year after
certification to the Special Master for TARP Executive
Compensation that AIG had completed a corporate transaction that
resulted in a repayment to the Federal Reserve Bank of New York.

David L. Herzog, AIG EVP and CFO, received 877.5966 LTPUs,
representing the portion of a grant of fully vested LPTUs that is
based on the value of common stock, net of the value of 23.6573
shares withheld for taxes.

Mr. Herzog disposed of 1,284.09 RSUs, representing the payment in
cash of $ 53,251.12, net of applicable taxes, in settlement of
stock salary based on AIG's share price on October 15, 2010.

AIG SVP Lewis Robert Edward received 278.1263 LTPUs, representing
the portion of a grant of fully vested LPTUs that is based on the
value of common stock, net of the value of 8.2253 shares withheld
for taxes.

He disposed of 370.9 RSUs, representing payout of $ 15,381.39, net
of applicable taxes, in stock salary payable in cash based on
AIG's share price on the first anniversary of the deemed grant
date, to be paid on the next payroll date.

                             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.


AMERICAN MEDIA: To Defer Nov. 1 Interest Payment on 14% Notes
-------------------------------------------------------------
American Media Operations, Inc., has commenced a consent
solicitation to amend the indenture governing its 14% Senior
Subordinated Notes due 2013.  AMO is soliciting consents from the
holders of Subordinated Notes of record as of October 12, 2010, to
amend the Subordinated Notes Indenture to allow AMO to defer to
January 3, 2011 the interest payment due under the Subordinated
Notes on November 1, 2010.

The Interest Deferral Consent Solicitation will expire at 5:00
p.m., New York City time, on October 26, 2010, unless extended or
earlier terminated.

AMO also has extended its offer to exchange all of its outstanding
14% Senior Subordinated Notes due 2013 for a combination of cash
and shares of common stock, par value $0.0001 per share, of
American Media, Inc., and cash tender offer for all of AMO's
outstanding 9% Senior PIK Notes due 2013.  In conjunction with the
Offers, AMO is soliciting consents from eligible holders of the
Notes to certain amendments to the applicable indentures governing
the Notes.

The expiration of the Offers and Consent Solicitations has been
extended to 5:00 p.m., New York City time, on October 26, 2010,
unless further extended by AMO. All other terms and conditions of
the Offers and Consent Solicitations currently remain in effect,
although AMO is considering certain amendments to the Offers and
Consent Solicitations.  Eligible holders who have not yet tendered
their Notes may tender until the Expiration Time, as extended.
Pursuant to the terms of the Offers and Consent Solicitations,
withdrawal rights expired as of the applicable consent time for
the Consent Solicitations, which was, in the case of the PIK
Notes, 5:00 p.m., New York City time, on July 27, 2010 and, in the
case of the Subordinated Notes, 5:00 p.m., New York City time, on
July 29, 2010.

As of 5:00 p.m., New York City time, on October 14, 2010,
approximately $344.2 million principal amount of Subordinated
Notes, or approximately 96.7% of the outstanding aggregate
principal amount of the Subordinated Notes, had been validly
tendered in the Exchange Offer, and approximately $23.7 million
principal amount of PIK Notes, or approximately 99.9% of the
outstanding aggregate principal amount of PIK Notes, had been
validly tendered in the Cash Tender Offer.

Although the Interest Deferral Consent Solicitation is separate
from and independent of the Offers and Consent Solicitations, they
are related in that the purpose of the Interest Deferral Consent
Solicitation is to help preserve cash, which will facilitate the
consummation of the Offers and Consent Solicitations or any other
alternatives that AMO and AMI may pursue to improve their capital
structure.

The detailed terms and conditions of the Interest Deferral Consent
Solicitation are set forth in the Consent Solicitation Statement
and related documents sent to holders of Subordinated Notes on
October 12, 2010.

The AMI common stock being offered in the Exchange Offer has not
been registered under the Securities Act of 1933 or under any
state securities laws, and cannot be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.  As a result, the AMI common stock is
subject to significant restrictions on transfer and resale.

As reported by the Troubled Company Reporter, American Media said
on July 2, that it had reached an agreement with more than
90% of its bondholders/shareholders for the company's debt in
connection with the debt-for-equity exchange.

The actual launch of the exchange offering occurred July 15.  The
consummation of the offers is conditioned upon the satisfaction or
waiver of certain conditions as is customary in these types of
deals.

AMI is offering to exchange all of its outstanding 14% Senior
Subordinated Notes due 2013 for a combination of cash and shares
of common stock of American Media, Inc.  Bondholders are being
offered $269.52 in cash and 335.62 shares of AMI common stock for
each $1,000 of principal amount exchanged.  The total aggregate
principal amount of outstanding subordinated notes as of the
launch of the exchange is approximately $356 million.

AMI is also offering to purchase each $1,000 principal amount of
its $23.7 million aggregate principal amount of outstanding PIK
Notes for $1,020.

AMI projects that its debt will be reduced by $200 million and its
leverage reduced from 7.2x to 5.1x following the transaction.  AMI
said the transaction gives it significant flexibility, with $50
million of free cash flow on a pro forma basis.

Moelis & Company served as AMI's financial advisor in the
transaction.

                       About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S. These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., the country's #1 in-store magazine
merchandising company.

In June 2010, Standard & Poor's Ratings Services lowered its
rating on Boca Raton, Fla.-based American Media Inc. to 'D' from
'CCC.'  The ratings downgrade reflects American Media's ongoing
deferral of its May 1, 2010 interest payment on the 14% notes.
The Company stated that 75% of noteholders consented that the
May 1, 2010 interest payment be deferred until June 21, 2010.

In July 2010, Moody's Investors Service downgraded American Media
Operations, Inc.'s Probability of Default Rating to 'Ca' from
'Caa2' following the company's announcement that it has commenced
an exchange offer for all of its 14% Senior Subordinated Notes due
2013.  In conjunction with the exchange announcement, Moody's put
on review for possible upgrade all other ratings given the
expected decrease in debt obligations by approximately $200
million net of expected fees and related expenses.

The downgrade of the PDR to 'Ca' reflects Moody's view that
American Media's proposed offer for all of the $355.8 million
outstanding 14% Senior Subordinate Notes, if successfully
concluded, is an effective distressed exchange event of default.


ARMSTRONG WORLD: Moody's Assigns 'Ba1' Rating to New Senior Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Armstrong World
Industries, Inc.'s new senior secured bank credit facility, and
affirmed its Ba2 Corporate Family Rating and Ba3 Probability of
Default Rating.  Armstrong's speculative grade liquidity rating
remains SGL-1.  The outlook is stable.

These ratings/assessments were affected by this action:

  -- Corporate Family Rating affirmed at Ba2;

  -- Probability of Default Rating affirmed at Ba3; and,

  -- Senior secured bank credit facility due 2015 rated Ba1 (LGD2,
     23%).

The company's speculative grade liquidity rating remains at SGL-1.

                        Ratings Rationale

The Ba1 rating assigned to the proposed $700 million senior
secured bank credit facility, consisting of a $250 million
revolving credit facility and $450 million term loan, reflects its
ranking as the preponderance of debt in Armstrong's capital
structure.  The bank credit facility will be secured primarily by
Armstrong's domestic assets except for the company's land and
buildings.  Proceeds from the term loan will be used to repay
existing term loan debt and related fees and expenses.  The Ba2
Corporate Family Rating, one notch higher than the Probability of
Default Rating, assumes a 65% family recovery rate.  Historical
recovery studies indicate that bank only debt in a corporate
capital structure has higher recovery values than capital
structures with bank debt and other debt instruments.

Armstrong's Ba2 Corporate Family Rating considers the company's
strong market position in providing flooring to North American
residential and commercial construction and renovation.  Armstrong
benefits from broad channel diversity, and no customer accounts
for more than 10% of total net sales.  The rating also
incorporates expectations that earnings derived from its WAVE
joint venture will remain robust, and with continue to support
credit metrics.  EBITA-to-interest expense stood at 2.6 times for
LTM 2Q10 and debt-to-EBITDA was 3.7 times (as adjusted by
Moody's).  Despite significant contributions from WAVE,
Armstrong's operating margins remain weak, with adjusted EBITA
margin of 3.6% for LTM 2Q10.  Additionally, Armstrong's ongoing
restructuring initiatives will likely result in more charges,
further dampening near term reported performance.

The risk of potential shareholder distributions to TPG Holdings
LLC and the Asbestos Personal Injury Settlement Trust, constrain
the rating, as does future the risk of debt financed acquisitions.
Nevertheless, Armstrong's very good liquidity profile with about
$860 million of combined cash and revolving credit availability
gives it significant financial flexibility to contend with both
economic and strategic uncertainties.

A rating upgrade appears unlikely over the intermediate term due
to Armstrong's low margins, material debt burden, and generally
weak end market demand.  However, over time, if the company proved
able to drive EBITA-to-interest coverage over 4.5 times, and debt-
to-EBITDA toward 3.0 times (all ratios adjusted per Moody's
methodology), through a mixture of operating improvements and debt
deduction a rating upgrade would be considered.

A rating downgrade could result from evidence that Armstrong is
not benefiting from its cost reduction programs or financial
performance is negatively affected by an unexpected decline in the
company's end markets.  EBITA-to-interest expense falling towards
2.0 times or debt-to-EBITDA sustained above 4.5 times (all ratios
adjusted per Moody's methodology) for an extended period of time
could pressure the ratings.  Debt-financed transactions,
significant shareholder friendly activities, or deterioration in
the company's liquidity profile would also stress Armstrong's
ratings.

The last rating action was on September 17, 2010, at which time
Moody's upgraded Armstrong's bank credit facility to Ba1 from Ba2.

Armstrong World Industries, Inc., headquartered in Lancaster, PA,
is a global producer of flooring products and ceiling systems for
use primarily in the construction and renovation of residential,
commercial and institutional buildings.  The company also designs,
manufactures and sells kitchen and bathroom cabinets for the U.S.
market.  Revenues for the last twelve months through June 30,
2010, totaled approximately $2.8 billion.


ARTFEST INT'L: Posts $1.3 Million Net Loss in June 30 Quarter
-------------------------------------------------------------
Artfest International, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $1.3 million on $571,980 of revenue
for the three months ended June 30, 2010, compared with a net loss
of $392,789 on $36,900 of revenue for the same period last year.

The Company has incurred a net loss of $6.8 million for the period
from February 21, 2002 (inception) to June 30, 2010.

The Company's SG&A expenses for the three months ended June 30,
2010, were $1.7 million, an increase of $1.3 million, or 302%, as
compared to $417,389 for the three months ended June 30, 2009.
The increase is primarily due to expenses attributed to the
Company's wholly owned subsidiary  Charity Sports Distributors,
Inc. ("CSD") as well as other expenses related to continuous
business development, marketing, and other public company related
operating expenses

The Company's balance sheet at June 30, 2010, showed $5.7 million
in total assets, $2.5 million in total liabilities, and
stockholders' equity of $3.2 million.

Eugene M. Egeberg, C.P.A., in his review of the Company's
financial statements for the three months ended June 30, 2010,
reported that the Company's financial position and operating
results raise substantial doubt about its ability to continue as a
going concern.  "The Company's future is dependent upon its
ability to obtain financing and upon future profitable operations
from the development of its new business opportunities."

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

               http://researcharchives.com/t/s?6cb0

                   About Artfest International

Headquartered in Dallas, Texas, Artfest International, Inc. (OTC
BB: ARTS) through its wholly owned subsidiaries, Art Channel
Galleries, Inc., Artfest Direct and Charity Sports Distributors,
Inc., markets and sells paintings (both original and reproduced on
canvas using the Giclee and lithograph processes), autographed
limited-edition celebrity photographs, and a wide variety of
authentic autographed memorabilia, sports memorabilia and
collectibles.


ARVINMERITOR INC: Extends A/R Arrangement to October 2013
---------------------------------------------------------
ArvinMeritor Inc. said it amended its existing accounts receivable
securitization arrangement to extend its maturity date to October
15, 2013.  Under the amended arrangement, as under the prior
arrangement, ArvinMeritor Receivables Corporation, a subsidiary of
ArvinMeritor, will purchase eligible accounts receivable from
certain other ArvinMeritor subsidiaries and will borrow under a
credit facility funded by multiple lenders.  ARC's borrowings will
be secured by an interest in the purchased receivables, and ARC
will use the proceeds of the borrowings to fund purchases of
receivables from the Originators.

In connection with this arrangement, ARC entered into a First
Amendment dated as of October 14, 2010, to the Loan Agreement
dated as of September 8, 2009, with ArvinMeritor, as Initial
Collection Agent, the Lenders from time to time party thereto and
GMAC Commercial Finance LLC, as Agent.  The Loan Agreement
provides for borrowings by ARC in an aggregate principal amount
outstanding at any one time of not to exceed $125 million, secured
by an interest in accounts receivable of the Originators sold to
ARC from time to time pursuant to a Third Amended and Restated
Purchase and Sale Agreement among ARC and the Originators.

Borrowings under the Loan Agreement will bear interest at a rate
equal to an applicable margin plus, at ARC's option, either (a) a
base rate determined by reference to the higher of:

    1) JPMorgan Chase Bank's prime rate,

    2) the federal funds rate plus 1/2 of 1% and

    3) three-month LIBOR plus 1.00% or (b) LIBOR. The applicable
       margin for the Loan Agreement will range from 2.5% - 4.25%
       for base rate loans and 3.5% - 5.25% for LIBOR loans, as
       determined based on a grid tied to the ArvinMeritor's
       credit rating.

The fee on the undrawn amounts under the facility will be 1.00%
through September 30, 2011, and then will range from 0.5% to
1.00%, depending on ArvinMeritor's credit rating.

                       About ArvinMeritor

Based in Troy, Michigan, ArvinMeritor, Inc.  --
http://www.arvinmeritor.com/-- supplies integrated systems,
modules and components to the motor vehicle industry.  The Company
celebrated its centennial anniversary in 2009.  The Company serves
commercial truck, trailer and specialty original equipment
manufacturers and certain aftermarkets, and light vehicle
manufacturers.

The Company's balance sheet at June 30, 2010, showed $2.81 billion
in total assets, $1.31 billion in total current liabilities,
$1.01 billion in long-term debt, $1.07 billion in retirement
benefits, $324.00 million in other liabilities, and a
stockholders' deficit of $909.00 million.  Stockholders' deficit
was $877.0 million at March 31, 2010.

ArvinMeritor has 'B3' corporate family and probability of default
ratings from Moody's Investors Service.  In July 2010, when
Moody's raised the ratings to 'B3' from 'Caa1', it noted that
about 52% of the company's fiscal 2010 revenues to date are from
North America, where demand is expected to strengthen in the
second half of the year.  But with 21% of the Company's revenue
from Europe, a slower pace of economic recovery is expected to
constrain overall growth.  Tight credit markets also may limit
near-term growth in commercial vehicle purchases, Moody's said.


ASSOCIATED MATERIALS: Hellman & Friedman Completes Acquisition
--------------------------------------------------------------
Affiliates of Hellman & Friedman LLC have completed their purchase
of Associated Materials LLC.

According to a regulatory filing, on October 13, 2010, AMH
Holdings II, Inc., a Delaware corporation  and the then indirect
parent company of Associated Materials, LLC, a Delaware limited
liability company, completed its merger with Carey Acquisition
Corp., a Delaware corporation ("Merger Sub"), pursuant to the
terms of the Agreement and Plan of Merger, dated as of September
8, 2010, among Carey Investment Holdings Corp. (now known as AMH
Investment Holdings Corp.), a Delaware corporation ("Parent"),
Carey Intermediate Holdings Corp. (now known as AMH Intermediate
Holdings Corp.), a Delaware corporation and wholly-owned direct
subsidiary of Parent ("Holdings"), Merger Sub, a wholly-owned
direct subsidiary of Holdings, and AMH II, with AMH II surviving
such merger as a wholly-owned direct subsidiary of Holdings.
After a series of additional mergers, AMH II merged with and into
the Company, with the Company surviving such merger as a wholly-
owned direct subsidiary of Holdings.  As a result of the Mergers,
the Company is now an indirect wholly-owned subsidiary of Parent.
Approximately 99% of the capital stock of Parent is owned by
investment funds affiliated with Hellman & Friedman LLC.

A full-text copy of the filing with the Securities and Exchange
Commission is available for free at:

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

                   About Associated Materials

Based in Cuyahoga Falls, Ohio, Associated Materials LLC fka
Associated Materials Inc. -- http://www.associatedmaterials.com/
-- is a manufacturer of exterior residential building products,
which are distributed through company-owned distribution centers
and independent distributors across North America.  AMI produces a
broad range of vinyl windows, vinyl siding, aluminum trim coil,
aluminum and steel siding and accessories, as well as vinyl
fencing and railing.  AMI is a privately held, wholly owned
subsidiary of Associated Materials Holdings Inc., which is a
wholly-owned subsidiary of AMH, which is a wholly owned subsidiary
of AMH II, which is controlled by affiliates of Investcorp S.A.
and Harvest Partners Inc.

Associated Materials and its subsidiaries' consolidated balance
sheet at July 3, 2010, showed $849.49 million in total assets,
$232.23 million in total current liabilities, $48.27 million in
deferred income taxes, $59.96 million in other liabilities,
$212.68 million in long-term debt, and $296.34 million in members'
equity.

                          *     *     *

Associated Materials carries 'B-' corporate credit ratings from
Standard & Poor's Ratings Services.  S&P has placed its ratings,
including the 'B-' corporate credit ratings, Associated Materials,
and its parent Company AMH Holdings LLC, on CreditWatch with
developing implications, following the definitive agreement with
Hellman & Friedman.  "The CreditWatch developing reflects the
potential for Standard & Poor's to either raise, lower, or affirm
its ratings on Associated Materials, depending on our assessment
of the changes from this transaction on the Company's financial
risk profile, including its ownership structure, capital
structure, liquidity profile, and expected financial policy," said
Standard & Poor's credit analyst Thomas Nadramia.

Standard & Poor's Ratings Services raised its corporate credit
ratings on siding and windows manufacturer Associated Materials
LLC and its parent company, AMH Holdings LLC, to 'B' from 'B-'.
All ratings are removed from CreditWatch, where they were placed
with developing implications on Sept. 9, 2010.


BERNARD MADOFF: Personal Property Goes to Auction on Nov. 13
------------------------------------------------------------
Jenny Roth, writing for Dow Jones Newswires, reports that more
than 400 pieces of Bernard and Ruth Madoff's personal property are
set to be sold at auction next month, including a desk, a pair of
monogrammed 'BLM' black-velvet slippers, a bull sculpture and
jewelry.  The assets will be sold during a live and online auction
on Nov. 13 at the Sheraton New York Hotel & Towers in Manhattan by
the U.S. Marshals Service.  The assets were forfeited and seized
in connection with Mr. Madoff's criminal prosecution.  The
proceeds will be used to compensate the victims of Mr. Madoff's
multibillion-dollar Ponzi scheme.  More details will be issued
about the auction in the coming weeks, said the Marshals Service.

According to Dow Jones, U.S. Marshall Joseph Guccione said in a
statement that the items in the sale are the last of what were in
the Madoffs' New York and Montauk, Long Island, homes.  The real
estate was sold last year for a combined $18 million.

Dow Jones notes a Palm Beach, Fla., home owned by Mrs. Madoff has
gone into contract in the $5 million range, people familiar with
the deal told The Wall Street Journal this month.  An auction of
items seized from the Palm Beach home will likely take place in
Florida after that home is sold, said the Marshals Service.

                      About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.

On December 15, 2008, the Honorable Louis A. Stanton of the U.S.
District Court for the Southern District of New York granted the
application of the Securities Investor Protection Corporation for
a decree adjudicating that the customers of BLMIS are in need of
the protection afforded by the Securities Investor Protection Act
of 1970.  The District Court's Protective Order (i) appointed
Irving H. Picard, Esq., as trustee for the liquidation of BLMIS,
(ii) appointed Baker & Hostetler LLP as his counsel, and (iii)
removed the SIPA Liquidation proceeding to the Bankruptcy Court
(Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The case is before Hon. Burton Lifland.  The
petitioning creditors -- Blumenthal & Associates Florida General
Partnership, Martin Rappaport Charitable Remainder Unitrust,
Martin Rappaport, Marc Cherno, and Steven Morganstern -- assert
US$64 million in claims against Mr. Madoff based on the balances
contained in the last statements they got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.)

As of August 13, 2010, a total of US$5,578,441,409 in claims by
investors has been allowed, with US$715,602,064 to be paid by the
SIPC.  Investors are expected to receive additional distributions
from money recovered by Mr. Picard.

Mr. Picard has recovered a number of assets and in liquidated some
of those assets for the benefit of customers, totaling
US$1,183,779,811 as of November 2009.


BERNARD MADOFF: No Distribution for Fund Investors, Trustee Argues
------------------------------------------------------------------
Bankruptcy Law360 reports that investors in hedge funds that
passed money along to Bernard L. Madoff Investment Securities LLC
should not receive distributions from the convicted Ponzi
schemer's bankruptcy estate, a lawyer for a litigation trustee in
the Chapter 11 case argued in court on Tuesday.

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.

On December 15, 2008, the Honorable Louis A. Stanton of the U.S.
District Court for the Southern District of New York granted the
application of the Securities Investor Protection Corporation for
a decree adjudicating that the customers of BLMIS are in need of
the protection afforded by the Securities Investor Protection Act
of 1970.  The District Court's Protective Order (i) appointed
Irving H. Picard, Esq., as trustee for the liquidation of BLMIS,
(ii) appointed Baker & Hostetler LLP as his counsel, and (iii)
removed the SIPA Liquidation proceeding to the Bankruptcy Court
(Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The case is before Hon. Burton Lifland.  The
petitioning creditors -- Blumenthal & Associates Florida General
Partnership, Martin Rappaport Charitable Remainder Unitrust,
Martin Rappaport, Marc Cherno, and Steven Morganstern -- assert
US$64 million in claims against Mr. Madoff based on the balances
contained in the last statements they got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.)

As of August 13, 2010, a total of US$5,578,441,409 in claims by
investors has been allowed, with US$715,602,064 to be paid by the
SIPC.  Investors are expected to receive additional distributions
from money recovered by Mr. Picard.

Mr. Picard has recovered a number of assets and in liquidated some
of those assets for the benefit of customers, totaling
US$1,183,779,811 as of November 2009.


BILL HEARD: CB&T Has Setoff Rights in Deposit Account
-----------------------------------------------------
United Service Protection Corporation and United Service
Protection, Inc., and Columbus Bank & Trust assert competing
claims to $53,346 being held in one of the Bill Heard debtors'
general operating accounts maintained at CB&T.  CB&T argues that
it has a right to set off the funds against prepetition
obligations owed by the Bill Heard debtors.  USP asserts that it
is entitled to a constructive trust over the sums held in the
account and that its claim to the funds is superior to CB&T's
right to setoff.  USP seeks an injunction to prevent CB&T from
offsetting the funds held in the account.  The Hon. Jack Caddell
grants CB&T's motion for summary judgment and finds that CB&T is
entitled to exercise its setoff rights in the deposit account.

The case is United Service Protection Corporation and United
Service, Protection, Inc., v. Bill Heard Enterprises, Inc., et
al., Adv. Pro. No. 08-80187 (Bankr. N.D. Ala.), and a copy of
Judge Caddell's memorandum opinion dated October 19, 2010, is
available at http://is.gd/g9Mfvfrom Leagle.com.

                    About Bill Heard Enterprises

Headquartered in Huntsville, Alabama, Bill Heard Enterprises Inc.
-- http://www.billheardhuntsville.com/-- was one of the largest
Chevrolet dealers in the United States.  The company and 17 of
its affiliates filed for Chapter 11 protection (Bankr. N.D. Ala.
Case No. 08-83028) on Sept. 28, 2008.  Derek F. Meek, Esq.,
at Burr & Forman, LLP, represents the Debtors in their
restructuring efforts.  An official committee of unsecured
creditors has been appointed in the bankruptcy cases.  Kilpatrick
Stockton LLP represents the Committee.  When the Debtors filed for
protection from their creditors, they estimated their assets and
debts at more than $500 million.


BLOSSOM VALLEY: Plan Outline Hearing Continued Until January 13
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of
California has continued until January 13, 2011, at 2:00 p.m., the
hearing to consider adequacy of the information in the disclosure
statement explaining Blossom Valley Investors, Inc., and Pear
Avenue Investors LLC's proposed Plan of Reorganization.

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

As reported in the Troubled Company Reporter on January 25, 2010,
according to the Disclosure Statement, the Plan provides for the
sale of the Debtor's interest in Messina Condos and Oak Knoll
single family homes properties, collectively valued at
$34.3 million.

The Plan contemplates payment, in full, of any of the priority
unsecured claims on the initial distribution date.

Unsecured claims held by insiders are subordinated to all other
classes and will be paid from the net proceeds of Messina Gardens
and Oak Knoll as the net proceeds become available, only after
other classes have been paid in full.

Prior to the confirmation of the Plan, the Debtor will seek Court
approval for debtor-in-possession financing to complete
development and construction of the holes at Oak Knoll and Messina
Gardens.  Sales of the finished homes at retail will result in
payment of a substantial portion of the loan owing to Bank of the
West on the Messina Gardens project, leaving a deficiency of $2
million, but much less than the deficiency would be in the event
of foreclosure or liquidation.  However, the Debtor estimates that
the building and sale of the Oak Knoll project will result in
proceeds in excess of $4 million after payment of ongoing project
costs, the U.S. Bank debt in full and liens against the Oak Knoll
project including liens for the DIP financing.

The Debtor does not intend to complete the Grandview project and
has stipulated to relief from stay to allow U.S. Bank to foreclose
on its deeds of trust on the project.

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

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

                About Blossom Valley Investors, Inc

San Jose, California-based Blossom Valley Investors, Inc., and
Pear Avenue Investors LLC filed for Chapter 11 on Sept. 10, 2009
(Bankr. N.D. Calif. Case Nos. 09-57669 and 09-57670).  Joseph R.
Dunn, Esq., and Jeffry A. Davis, Esq., at Mintz Levin Cohn Ferris
Glovsky Popeo PC, represent the Debtors in their restructuring
efforts.  Blossom Valley estimated its assets and debts at
$10 million to $50 million.


BOSTON GENERATING: Lenders Sue for Fraud and Contract Breach
------------------------------------------------------------
Joseph Checkler of Dow Jones' Daily Bankruptcy Review reports that
second-lien lenders commenced an adversary proceeding against
Boston Generating LLC for fraud and Credit Suisse for alleged
breach of contract.

According to the report, Wilmington Trust Co., the agent of the
second-lien lenders, said that the Company failed to give the
second lenders to provide sufficient notice when it wrote down a
$13 million loan to zero before the Company filed for Chapter 11
bankruptcy protection.

The complaint said that the Company notified Credit Suisse, the
former agent for the notes, instead of WTC.  The second-lien
lenders said Credit Suisse violated its obligations under the
letters of credit because it did not notify Wilmington.

                     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 has tapped the law
firm of Jager Smith P.C. as its counsel.


BROAD RIVER: S&P Assigns 'BB-' Rating to $282-Mil. Senior Loan
--------------------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary 'BB-'
rating to Broad River South Point LLC's approximately $282 million
senior secured term loan due July 2014.  The recovery rating is
"1" indicating very high (90% to 100%) recovery of principal in
the event of a default.  The outlook is stable.  This preliminary
rating is subject to final structure and document review'

The rating on BRSP reflects these strengths:

* Lease payments, which are supported by a guaranty from Calpine
  and are not dependent on operational performance of the projects
  or commodity market conditions, provide cash flows for debt
  service;

* Cash sweep at 100% ensures that the full amount of the lease
  payments service the debt;

* The entire lease payment is swept to pay down debt, including
  the equity component;

* The project hedges 100% of interest rate exposure;

* A six-month debt service reserve in the form of cash or a letter
  of credit is included;

* The collateral package includes pledges of the lessor's notes,
  which have a direct security interest in the leases and the
  projects, and the Broad River tolling agreements with Progress
  Carolinas; and

* The leases expire after projected payoff of the term loan.

The rating on BRSP also reflects Calpine's counterparty credit
risk, which caps BRSP's corporate credit rating.

"Lease payments are dependent on neither the operational
performance of the plants nor on commodity market conditions,"
noted credit analyst Swami Venkataraman.  "In addition, the lease
payments for both projects are supported by Calpine guaranties."

In June 2009, S&P assigned its 'BB-' rating to BRSP's (then owned
by 'BBB-' rated CIT Group Inc.) $290 million term loan issued to
refinance its then-existing term loan and pay related transaction
fees and expenses.  However, following the downgrade of CIT to
'CC' from 'BBB-' during the financial crisis in July 2009, the
BRSP term loan was also downgraded to 'CC'.  BRSP did not meet
Standard & Poor's criteria for ring-fencing from CIT and, thus,
could not be rated above CIT.  The BRSP rating was then withdrawn
shortly thereafter upon the request of CIT.  The downgrades were
related solely to the structure of the project and did not result
from any change in the project's underlying economic strength.

CIT now plans to sell the ownership of BRSP to Calpine Corp.
(B/Stable), which is also the lessee of the assets owned by BRSP.
CIT will no longer own any interest in BRSP or any of the lease
entities.  The acquisition will require lenders to waive a "change
of control" covenant, which CIT expects to receive shortly.
Nothing else will change about the structure that was put in place
in June 2009, neither the interest rate on the loan nor the
collateral package.  In essence, S&P is reinstating its rating on
the term loan.  BRSP owns the 520 MW CCGT plant in Arizona and an
870 MW gas-fired peaking plant in South Carolina.


BROAD RIVER: Moody's 'B2' Rating on Review Pending Calpine Deal
---------------------------------------------------------------
Moody's Investors Service has placed the B2 senior secured rating
of BRSP, LLC, under review for possible upgrade.  The review
reflects the pending sale of BRSP from CIT Group, Inc., to Calpine
Corporation (B1 CFR/stable outlook).  The acquisition of BRSP by
Calpine will remove any lingering exposure the transaction has to
CIT's credit quality.

Calpine will also indirectly acquire CIT's interests in the Owner
Lessors in the underlying projects that are the issuers of the
lessor notes that secure BRSP's debt.  Calpine already leases the
projects from the Owner Lessors.  The leases and the lessor notes
will remain in place following the acquisition.  As a result,
Calpine will be both the owner of BRSP and the underlying projects
and the source of all the cash flows for BRSP's debt, making it
comparable to the senior secured debt of Calpine, albeit with
distinct collateral that includes a pledge of Calpine's interests
in the toll agreements at the Broad River facility with Progress
Energy Carolinas (A3 senior unsecured/stable outlook).

In addition, the transaction benefits from a six-month debt
service reserve fund that will be fulfilled with a letter of
credit from Calpine's corporate facility.  Depending upon Moody's
assessment of the quality of BRSP's collateral as well as
Calpine's obligation to make lease payments to the Owner Lessors,
BRSP's rating could be upgraded up to two notches when the
acquisition closes and the review is concluded.

BRSP's rating was assigned by evaluating factors believed to be
relevant to the credit profile of the issuer.  These attributes
were compared against other issuers both within and outside of
BRSP's core peer group and BRSP's rating is believed to be
comparable to ratings assigned to other issuers of similar credit
risk.

BRSP is a single purpose entity that was created solely to finance
the acquisition of certain lessor notes that secure its debt.
Currently indirectly owned by CIT Group, it is being indirectly
acquired by Calpine.


CANADIAN SAHARA: Files for Insolvency Protection in Canada
----------------------------------------------------------
Sonde Resources Corp. disclosed that Canadian Sahara Energy Inc.,
failed to cure its default relating to unpaid Joint Interest
Billings associated with the November 7 Block, Offshore
Tunisia/Libya prior to the October 16, 2010 deadline required by
the Joint Operating Agreement.  As a result, Sahara has been
notified that Sonde is exercising its option to require that
Sahara completely withdraw from the JOA and the Exploration and
Production Sharing Agreement governing the block, thereby
forfeiting its 50% working interest to Sonde.

In response, Sahara has advised that it has filed for creditor
protection under the Bankruptcy and Insolvency Act and intends to
make a proposal to its creditors  as an insolvent person under the
BIA.  Sonde is assessing its options with regard to the block.


CAPITOL BANCORP: Cancels Exchange Offer for 10.50% TruPS
--------------------------------------------------------
Capitol Bancorp Limited has terminated its offer to exchange up to
2,908,200 shares of its common stock, no par value per share, for
any and all of its outstanding 10.50% trust preferred securities
of Capitol Trust XII, a statutory trust formed under the laws of
the State of Delaware without accepting for exchange or exchanging
any shares of the Trust Preferred Securities.  As of the close of
business on October 18, 2010, of the 1,454,100 outstanding trust
preferred securities of Capitol Trust XII, 432,348 (approximately
30%) had been tendered.

The Exchange Offer was subject to the receipt of a majority of the
Consent Solicitations relating to amendments to certain provisions
of the Indenture, dated as of December 18, 1997, as supplemented
by the First Supplemental Indenture, dated as of July 31, 2009, by
and between Capitol and The Bank of New York Mellon Trust Company,
N.A., as trustee, and to the Guarantee Agreement dated as of
December 17, 1997 by and between Capitol and the Trustee, as
amended on July 31, 2009 pursuant to which the 8.50% Cumulative
Trust Preferred Securities due 2027 of Capitol Trust I, a Delaware
statutory trust, were issued, upon the terms and subject to the
conditions set out in the Consent Solicitation Statement.  Because
the required Consents have not been received, Capitol has elected
to terminate the Exchange Offer pursuant to the terms and
conditions of the Exchange Offer.  As a result of the termination
of the Exchange Offer, no shares of Capitol's common stock will be
issued for the Trust-Preferred Securities issued by Capitol Trust
XII, a Delaware statutory trust to holders that have validly
tendered their Trust Preferred Securities in connection with the
Exchange Offer.

Capitol also has terminated the Consent Solicitation for Capitol
Trust I.  As of the close of business on October 18, 2010, of the
2,530,000 outstanding trust preferred securities of Capitol Trust
I, 567,374 had consented for the proposed amendment to the
Indenture and 567,308 had consented for the proposed amendment to
the Guarantee Agreement.

As reported by the Troubled Company Reporter, in a press statement
early in June, Capitol Bancorp said the Exchange Offer represents
an efficient opportunity to strengthen the composition of
Capitol's capital base by increasing its Tier 1 common and
tangible common equity ratios, while also reducing the dividend
and interest expense associated with the debt securities.  By
increasing its common equity component, Capitol expects to have
increased capital flexibility to take advantage of market
opportunities and implement its long-term strategies.

Since early 2009, Capitol Bancorp has consolidated 34 affiliate
charters into seven operating banks.

In a letter to shareholders on October 1, 2010, Capitol's chairman
and CEO Joseph D. Reid said, "Our immediate focus is on the
stabilization of our network of affiliates.  We intend our bank
divestiture program to yield sufficient resources to stabilize all
of our affiliates.  Implicit in our success, however, is the
necessity for some stabilization of real estate values.  We also
remain focused on the reduction of problem assets, which has been
costly, but at the same time, will permit our affiliates to move
forward."

"We look forward to rebuilding in 2011.  The Board of Directors
has adopted a global capital plan, which includes the divestitures
. . . as well as debt retirement and trust-preferred securities
exchanges.  We are also seeking other sources of capital that may
be available to us that will provide an opportunity to strengthen
our core equity ratios.

"We also remain cautiously optimistic as to the potential recovery
of an approximate $155 million valuation allowance for deferred
tax assets, which would increase our total capital framework, once
we are able to demonstrate a sustainable return to profitability."

A copy of the letter to shareholders is available at no charge at
http://ResearchArchives.com/t/s?6cc0

Keefe, Bruyette & Woods, Inc. acted as Capitol's financial advisor
in connection with the Exchange Offer.  Honigman Miller Schwartz
and Cohn LLP provided Capitol with legal advice in connection with
the Exchange Offer.

                   About Capitol Bancorp Limited

Capitol Bancorp Limited (NYSE: CBC) --
http://www.capitolbancorp.com/-- is a $5.1 billion national
community banking company, with a network of bank operations in 16
states.  Founded in 1988, Capitol Bancorp Limited has executive
offices in Lansing, Michigan and Phoenix, Arizona.

As of June 30, 2010, Capital had $4,748,695,000 in total assets,
$4,612,105,000 in total liabilities, and $136,590,000 in total
equity.

In September 2009, Capitol and its second-tier bank holding
companies entered into a written agreement with the Federal
Reserve Bank of Chicago under which Capitol has agreed, among
other things, to submit to the Reserve Bank a written plan to
maintain sufficient capital at Capitol on a consolidated basis and
at Michigan Commerce Bank (as a separate legal entity on a stand-
alone basis); and a written plan to enhance the consolidated
organization's risk management practices, a strategic plan to
improve the consolidated organization's operating results and
overall condition and a cash flow projection.

Certain of Capitol's bank subsidiaries have entered into formal
agreements with their applicable regulatory agencies.  Those
agreements provide for certain restrictions and other guidelines
and/or limitations to be followed by the banks.

In 2009, Capitol commenced the deferral of interest payments on
its various trust-preferred securities, as is permitted under the
terms of the securities, to conserve cash and capital resources.
The payment of interest may be deferred for periods up to five
years.  During such deferral periods, Capitol is prohibited from
paying dividends on its common stock (subject to certain
exceptions) and is further restricted by Capitol's written
agreement with the Federal Reserve Bank of Chicago.  Accrued
interest payable on such securities approximated $18.1 million at
June 30, 2010.


CAPITAL FUNDING: Can Avoid Becker Judgment as Preferential
----------------------------------------------------------
The Hon. Kevin R. Huennekens rules that Capital Funding and
Consulting, LLC, can avoid the attachment of Patrick and Sherrie
Becker's judgment lien against the Debtor's interest in various
parcels of real property situated within the city of Richmond as
preferential transfers under 11 U.S.C. Sec. 547(b).  The date upon
which each of the transfers of the 15 specific parcels of Real
Property occurred was within the 90-day Preference Period
immediately preceding the Petition Date.

The case is Capital Funding and Consulting, LLC, v. Patrick Becker
and Sherrie Becker, Adv. Proc. No. 10-03004 (Bankr. E.D. Va.), and
a copy of Judge Huennekens' memorandum opinion dated October 19,
2010, is available at http://is.gd/g9I4efrom Leagle.com.

Capital Funding and Consulting, LLC, based in Glen Allen,
Virginia, filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Va. Case No. 09-36086) on September 19, 2009.  Kevin A. Lake,
Esq., at Vandeventer Black LLP, in Richmond, serves as the
Debtor's counsel.  The Debtor estimated $1 million to $10 million
in both assets and debts.


CAPMARK FINANCIAL: Seeks to Expand Deloitte Tax Advisory Work
-------------------------------------------------------------
Capmark Financial Group Inc. and its units seek the Court's
authority to expand the scope of services of Deloitte & Touche LLP
to include audit and accounting services, nunc pro tunc to July 1,
2010.  The Debtors request that Deloitte & Touche assist them in
connection with audit services for Capmark Financial Group, Inc.'s
Debtor-In-Possession Savings Incentive Plan.

Specifically, the Debtors have asked Deloitte & Touche to perform
a limited-scope audit of the Plan's financial statements and
supplemental schedule for the year ended December 31, 2009, in
accordance with auditing standards generally accepted in the
United States of America and the method of compliance permitted
by 29 CFR 2520.103-8 of the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974, as amended.

The Limited-Scope Audit will include:

  (a) obtaining an understanding of the Plan and its
      environment, including control over non-investment areas,
      sufficient to assess the risks of material misstatement of
      the financial statements and to design the nature, timing
      and extent of further audit procedures;

  (b) considering internal control over financial reporting as a
      basis for designing audit procedures that are appropriate
      in the circumstances, but not for the purpose of
      expressing an opinion on the effectiveness of the Plan's
      internal control over financial reporting;

  (c) examining, on a test basis, evidence supporting the
      amounts and disclosures in the financial statements;

  (d) inquiring directly with the Audit Committee regarding its
      views about the risks of fraud and whether the Audit
      Committee has knowledge of any fraud or suspected fraud
      affecting the Plan;

  (e) assessing the accounting principles used and significant
      estimates made by Plan management; and

  (f) evaluating the overall financial statement presentation.

The Debtors will pay Deloitte & Touche at a blended rate of $240.
Deloitte & Touche estimates that its fees with respect to the
Limited-Scope Audit will be approximately an additional $60,000.
The Debtors will also reimburse Deloitte & Touch for its
reasonable expenses.

                       About Capmark Financial

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

On October 25, 2009, Capmark Financial and certain of its
subsidiaries filed voluntary petitions for relief under Chapter 11
(Bankr. D. Del. Lead Case No. 09-13684).  Capmark disclosed assets
of US$20 billion against total debts of US$21 billion as of June
30, 2009.

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

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

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


CAPMARK FINANCIAL: Committee Serves Subpoeanas on JPM, et al.
-------------------------------------------------------------
Pursuant to Rule 45 of the Federal Rules of Civil Procedure, the
Official Committee of Unsecured Creditors for Capmark Financial
Group Inc. and its units disclosed that it intends to serve
subpoenas for the production of documents upon:

  (a) Duff & Phelps;
  (b) JP Morgan Chase & Co.;
  (c) Royal Bank of Scotland;
  (d) Sumitomo Mitsui Banking Corporation;
  (e) Deutsche Bank AG; and
  (f) Simpson Thacher & Bartlett LLP.

The Committee request, among other things, for these documents:

-- All drafts of Duff & Phelps's expert valuation analyses;

-- All documents concerning settlement negotiations between the
    Debtors and JP Morgan, including, but not limited to,
    documents concerning the Settlement Agreement;

-- All documents concerning settlement negotiations between the
    Debtors and RBS, including, but not limited to, documents
    concerning the Settlement Agreement;

-- All documents concerning Capmark's financial condition in
    the fourth quarter of 2008 and the first quarter of 2009;
    and

-- All non-privileged drafts of opinion letters prepared by
    Simpson Thacher concerning the amendments of the Note
    Indentures as ultimately amended in May 2009.

The Settlement Agreement refers to the agreement between Capmark
Financial Group Inc., the ad hoc committee of certain beneficial
holders or management companies that manage funds that are
holders of Prepetition Secured Credit Obligations, the Royal Bank
of Scotland plc, and JPMorgan Chase Bank, N.A., made and entered
on September 2, 2010.

"Note Indentures" refers to the (i) Indenture, dated as of May
10, 2007, for the Floating Rate Senior Notes due 2010 issued by
the Debtors, (ii) Indenture, dated as of May 10, 2007, for the
5.875 Senior Notes Due 2012 issued by the Debtors, and (iii)
Indenture, dated as of May 10, 2007, for the 6.300% Senior Notes
due 2017 issued by the Debtors.

Copies of RBS' and JP Morgan's objections and responses to the
subpoena were served to the Court on September 27, 2010.

                        Parties Stipulate

The Committee entered into separate stipulations with RBS and
J.P. Morgan in connection with the production of confidential
material.  The Stipulation provides, among other things, that:

  -- All documents, deposition testimony, deposition exhibits,
     interrogatory responses, admissions, or any other
     information or material produced to the Committee will be
     used by the Committee solely for purposes of the
     prosecution or defense of those certain contested matters
     scheduled for hearing on October 14 and 15, 2010, and may
     not be used for any other purpose whatsoever, including but
     not limited to any business or commercial purpose, for
     dissemination to the media or the public, or in connection
     with any other judicial, administrative, or arbitral
     proceeding; and

  -- RBS and JPMorgan may designate Discovery Material produced
     by them as "Confidential" or "Highly Confidential" if they
     believe that the Discovery Material contains or reflects
     non-public confidential, personal, financial, propriety, or
     commercially sensitive information.

The Court approved the Committee's Stipulation with RBS and JP
Morgan on October 7, 2010.  Full-text copies of the Stipulations
are available for free at:

        http://bankrupt.com/misc/Capmark_RBSstipord.pdf
        http://bankrupt.com/misc/Capmark_JPstipord.pdf

                       About Capmark Financial

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

On October 25, 2009, Capmark Financial and certain of its
subsidiaries filed voluntary petitions for relief under Chapter 11
(Bankr. D. Del. Lead Case No. 09-13684).  Capmark disclosed assets
of US$20 billion against total debts of US$21 billion as of June
30, 2009.

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

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

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


CAPMARK FINANCIAL: Debt Holders Serve Subpoeanas on CITIC, et al.
-----------------------------------------------------------------
The Ad Hoc Group of Holders of Capmark's Unsecured Bank Debt,
served subpoenas on September 21, 2010, on these parties:

  * CITIC Ka Wah Bank, Ltd.;
  * CITIC Bank International Limited;
  * National Bank of Egypt (UK) Ltd.;
  * The Bank of Tokyo-Mitsubishi UFJ, Ltd.;
  * WestLB AG New York Branch;
  * Hua Nan Commercial Bank Ltd.;
  * Mega International Commercial Bank Co., Ltd.; and
  * Taipei Fubon Commercial Bank Co., Ltd.

The Ad Hoc Group of Holders of Capmark's Unsecured Bank Debt
requests all documents concerning (i) the 2009 amendments to the
2006 Credit Facility; (ii) the 2009 amendments to the Bridge Loan
Agreement; (iii) the Secured Credit Facility; and (iv) the
Secured Debt.

"2006 Credit Facility" refers to the $5,500,000,000 Credit
Agreement, dated March 23, 2006, among Capmark, the designated
borrowers therein, Citibank, N.A., as administrative agent, and
the Lenders party thereto, and related loan documents.

"Bridge Loan Agreement" refers to the $5,250,000,000 Bridge Loan
Agreement, dated March 23, 2006, among Capmark, Citicorp North
America, Inc., as administrative agent, and the Lenders party
thereto, and related documents.

"Secured Credit Facility" refers to the Term Facility Credit and
Guaranty Agreement, dated May 29, 2009 by and among Capmark,
Citicorp, as administrative agent, Citibank, as collateral agent,
and the Lenders party thereto, and related documents.

"Secured Debt" refers to the $1,500,000,000 of secured debt
incurred by Capmark Financial Group Inc. and the Capmark
Subsidiaries pursuant to the Secured Credit Facility.

            Stipulation Governing Confidential Info.

The Ad Hoc Unsecured Group and The Bank of Tokyo-Mitsubishi UFJ
entered into a stipulation in connection with the production of
confidential material.  The Stipulation provides, among other
things, that:

  (a) Any producing party may designate as confidential any
      Discovery Material that it believes contains personal
      information, propriety information of a non-public nature,
      trade secrets, non-public research, development or
      commercial information, or other sensitive information of
      a non-public nature;

  (b) All Confidential Discovery Material in the form of
      physical objects or documents will be designated by
      stamping or affixing the legend "CONFIDENTIAL INFORMATION
      SUBJECT TO STIPULATED PROTECTIVE ORDER" or "CONFIDENTIAL"
      on the face of the document and on the page or portion
      thereof so designated;

  (c) All Confidential Discovery Material in the form of
      deposition testimony will be designated by a statement on
      the record, by counsel, at the time of the deposition; and

  (d) Discovery Material may be used only in connection with the
      Debtors' bankruptcy case and will not be used for any
      other purpose.

A full-text copy of the Stipulated Order is available for free at
http://bankrupt.com/misc/Capmark_AdHocStipOrd.pdf

                       About Capmark Financial

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

On October 25, 2009, Capmark Financial and certain of its
subsidiaries filed voluntary petitions for relief under Chapter 11
(Bankr. D. Del. Lead Case No. 09-13684).  Capmark disclosed assets
of US$20 billion against total debts of US$21 billion as of June
30, 2009.

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

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

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


CARMEUSE HOLDING: Moody's Gives Positive Outlook on 'B1' Rating
---------------------------------------------------------------
Moody's Investors Service has changed its outlook on all ratings
of Carmeuse and its subsidiary Calcipar, issuer of EUR250 million
of Senior Secured Guaranteed Notes rated B1, to positive from
stable.  All ratings remain unchanged at this stage.

The change in the outlook to positive was prompted by a recovery
in operating performance since Moody's last downgraded Carmeuse in
October 2009.  During H1 2010 Carmeuse posted revenue growth of
22% year-on-year to EUR558 million mainly supported by volume
increases.  As a result of higher volumes, increased capacity
utilization and the positive impact of cost cutting measures
implemented through the downturn, adjusted EBITDA surged 60% year-
on-year to EUR136 million in H1 2010.  Moody's expects H2 volumes
to remain healthy while 2011 should be slightly weaker on the back
of a moderate slowdown in steel demand although visibility remains
relatively poor at this juncture.  As a result of improved
operating performance and cash flow generation debt and cash flow
metrics improved moderately with Debt /EBITDA dropping to 4.1x on
an LTM June 2010 basis (5.1x at FYE 2009) and RCF / Net debt
increasing to 17.2% from 16.2%.

The improvement in operating performance is seen as crucial for
Carmeuse to retain access to its revolving credit facilities,
which will be needed in order to fund amortizations under the
group's term loans.  Free cash flow generation over the next
twelve to eighteen months is unlikely to be sufficient to cover
amortizations under the term loans.

Carmeuse's corporate family rating remains largely constrained by
the group's challenging amortization and refinancing profile over
the period 2011 to 2014.  Absent any asset disposal and / or
refinancing of short to medium term maturities; Moody's sees very
limited rating upgrade potential above B1.  Conversely asset
disposals and / or refinancing of upcoming maturities could lead
to more than one notch upgrade assuming that operating performance
trends are sustained at current level.

A one notch upgrade to B1 would require Carmeuse to maintain RCF /
Net debt in the high teens and FCF / Debt in the mid single
digits.

Negative rating pressure would arise if operating performance
cannot be sustained at current levels leading to negative free
cash flow generation and reducing headroom under the group's
financial covenants.  Debt / EBITDA dropping to below 4.5x and RCF
/ Net debt to below 15% on a sustainable basis would lead to
negative pressure on the ratings.

The liquidity position of Carmeuse is adequate.  The main cash
liquidity requirements over the next 12 months consisting of
working capital, capex and debt amortization (US$35 million in
June 2011 and US$54 million in December 2011) should be covered
from operating cash flows, cash on balance sheet and
availabilities under the group's revolving credit facilities.
Moody's liquidity assessment is underpinned by Moody's expectation
that Carmeuse will maintain sufficient covenant headroom to keep
access to its revolving credit facilities over the next twelve
months as free cash flow generation is most likely to be
insufficient to cover amortizations in fiscal year 2011.  At June
30 2010 Carmeuse had comfortable headroom under its covenants.
Moody's notes that Carmeuse faces large refinancing and
amortization requirements in fiscal year 2012, 2013 and 2014 and
that covenants will step down progressively maintaining the
pressure on Carmeuse to continue deleveraging over time.

The last rating action was on October 7, 2009, when the
Corporate Family and Probability of Default ratings of
Carmeuse Holdings SA were downgraded by one notch to B2 and
the rating on EUR250 million of Senior Secured Guaranteed Notes
issued by Calcipar were downgraded by one notch to B1.

Carmeuse Holding SA is the holding company for the Carmeuse Group.
Carmeuse is one of the world's leading producers of lime and lime-
related products enjoying leading positions in a number of
European markets and a number one position in North America which
has been recently strengthened.  The company operates in a
relatively concentrated industry with only a handful of large
players globally, while its operations are subject to licenses and
are difficult to replicate.  Carmeuse reported EUR944 million in
revenues in 2009.


CASTLE HORIZON: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Castle Horizon Real Estate, LLC
        171 Magnolia Country Club Lane
        Magnolia, NC 28453

Bankruptcy Case No.: 10-08485

Chapter 11 Petition Date: October 15, 2010

Court: United States Bankruptcy Court
       Eastern District of North Carolina (Wilson)

Judge: Stephani W. Humrickhouse

Debtor's Counsel: George M. Oliver, Esq.
                  OLIVER & FRIESEN, PLLC
                  P.O. Box 1548
                  New Bern, NC 28563
                  Tel: (252) 633-1930
                  Fax: (252) 633-1950
                  E-mail: efile@oliverandfriesen.com

Scheduled Assets: $2,026,266

Scheduled Debts: $1,631,698

A list of the Company's four largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nceb10-08485.pdf

The petition was signed by Giles Tomkin, member manager.


CEMTREX INC: Posts $114,800 Net Loss in June 30 Quarter
-------------------------------------------------------
Cemtrex, Inc., filed its quarterly report on Form 10-Q, reporting
a net loss of $114,770 on $654,721 of revenue for the three months
ended June 30, 2010, compared with a net loss of $110,334 on
$1.7 million of revenue for the same period ended June 30, 2009.

Working capital was $1,355 at June 30, 2010, compared to $389,443
at September 30, 2009.

The Company's balance sheet at June 30, 2010, showed $1.3 million
in total assets, $1.5 million in total liabilities, and a
stockholders' deficit of $192,700.

As of June 30, 2010, the Company has an accumulated deficit of
$300,029 and has losses year to date totaling $306,087.  The
Company's current business plan requires additional funding beyond
its anticipated cash flows from operations.  "These and other
factors raise substantial doubt about the Company's ability to
continue as a going concern."

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

               http://researcharchives.com/t/s?6cb2

Farmingdale, N.Y.-based Cemtrex, Inc., manufactures and sells
instruments for emission monitoring of particulate, opacity,
mercury, sulfur dioxide, nitrogen oxides, etc.  Cemtrex also
provides turnkey services for carbon creation projects from
abatement of greenhouse gases pursuant to Kyoto protocol and
assists project owners in selling of carbon credits globally.  The
Company's products are sold to power plants, refineries, chemical
plants, cement plants and other industries including federal and
state governmental agencies.  Through its wholly-owned subsidiary,
Griffin Filters, LLC, the Company designs, manufactures and sells
air filtration equipment and systems to control particulate
emissions in a variety of industries.

Cemtrex, Inc., was incorporated as Diversified American Holding,
Inc., on April 27, 1998.  On December 16, 2004, the Company
changed its name to Cemtrex, Inc.


CENTRO NP: Moody's Affirms 'Caa2' Senior Unsecured Debt Rating
--------------------------------------------------------------
Moody's Investors Service has affirmed the senior unsecured debt
ratings of Centro NP LLC (formerly New Plan Excel Realty Trust,
Inc.) at Caa2.  The negative outlook reflects Centro NP's
liquidity constraints and reduced pool of unsecured properties.

These rating actions incorporate the completion of Centro NP's
stabilization plan in July 2010, which included a $659 million
CMBS issuance used to pay down approximately $469 million of
Centro NP debt and the extension of $2.3 billion of debt
($1.7 billion Super LLC bridge term loan and $580 million of
Residual JV indebtedness) from December 2010 to December 2011.
Residual LLC is 51% owned by Super LLC and 49% owned by Centro NP.
The Residual Joint Venture Credit Facility (formerly $370 million)
was extended until December 31, 2011, with the current balance
capped at $352.5 million, which is included in the $580 million
extension above.  The Centro NP $306 million line of credit was
paid off and Centro NP has no line of credit currently; this
action was part of the Centro NP pay down from the CMBS issuance.
Although Moody's acknowledges that Centro NP has a defensive
portfolio, the transfer of assets from Centro NP to Residual JV,
sale or encumbrance with mortgages has depleted the unencumbered
asset base producing weaker recovery prospects for Centro NP's
bondholders in case of default.  Centro NP has a restriction on
further real estate asset transfers to Super LLC or to Residual JV
until January 15, 2014, resulting from a consent solicitation with
bondholders in exchange for covenant modifications.  Centro NP is
currently in compliance with its bond covenants.  There are no
debt maturities for the remainder of 2010 and $150 million of
unsecured notes due February 2011.

Moody's notes improvements in Centro NP's metrics such as cash
flow (Recurring EBITDA/Revenues) of 57% at 2Q10 from 48% at YE09,
and fixed charge coverage of 2.4x at 2Q10 from 1.7x at YE09,
partially attributable to lower interest expense due to bond
tenders in 2009, mortgage payoffs, and lower capitalized interest
resulting from reduced capital expenditures.  Cash flow at Centro
NP remains consistent; however, distributions from Residual JV to
Centro NP are unpredictable since they are made at Super LLC's
discretion.

Affirmation of the Caa2 rating with a stable outlook would be
contingent upon Centro NP demonstrating adequate liquidity over a
24-month period and continued covenant compliance.  A downgrade
would most likely occur should Centro NP show a significant
deterioration in cash from operations; an inability to execute on
asset sales or encounter other difficulties in refinancing
upcoming obligations or addressing liquidity needs; additional
transfers of assets out of Centro NP; or, noncompliance with bond
covenants at the Centro NP level.

The last rating action with respect to Centro NP was on May 7,
2009 when Moody's downgraded Centro NP's senior unsecured rating
to Caa2, from Caa1, with a negative outlook.

These ratings were affirmed at Caa2, with a negative outlook:

* Centro NP LLC -- Senior unsecured debt at Caa2; medium-term
  notes at Caa2.

Centro NP LLC, headquartered in New York City, owns and operates
community and neighborhood shopping centers.  The company had
assets of $3.3 billion and equity of $1.5 billion at June 30,
2010.

Centro Properties Group, headquartered in Melbourne, Victoria,
Australia, is an Australian Listed Property Trust that specializes
in the ownership, management and development of retail shopping
centers in Australia, New Zealand and the USA.  At June 30, 2010,
CNP had total assets of A$16.8 billion.


CHARDON RUBBER: PBGC Assumes Underfunded Pension Plan
-----------------------------------------------------
The Pension Benefit Guaranty Corporation has assumed
responsibility for the underfunded pension plan covering more than
840 former workers and retirees of Chardon Rubber Co., a designer
and manufacturer of rubber and plastic components based in
Chardon, Ohio.

The PBGC stepped in because Chardon Rubber has sold substantially
all of its assets in bankruptcy proceedings and there will be no
sponsor left to fund or administer the plan. Retirees will
continue to receive their monthly benefit payments without
interruption, and other workers will receive their pensions when
they are eligible to retire.

According to PBGC estimates, the Chardon Rubber Company Retirement
Plan is 57 percent funded, with assets of $16.8 million to cover
$29.5 million in benefit liabilities. The PBGC expects to be
responsible for $12.4 million of the $12.7 million shortfall.

The PBGC will take over the assets and use insurance funds to pay
guaranteed benefits earned under the plan. The plan ended on Dec.
31, 2009, and the agency assumed responsibility for the plan on
Sept. 23, 2010.

Within the next several weeks, the PBGC will send notification
letters to all participants in the Chardon Rubber plan. Under
provisions of the Pension Protection Act of 2006, the maximum
guaranteed pension the PBGC can pay is determined by the legal
limits in force on the date of the plan sponsor's bankruptcy.
Therefore participants in the plan are subject to the limits in
effect when Chardon Rubber filed for bankruptcy protection on May
15, 2009, which set a maximum guaranteed amount of $54,000 per
year for a 65-year-old.

The maximum guaranteed amount is lower for those who retire
earlier or elect survivor benefits. In addition, certain early
retirement subsidies and benefit increases made within the five
years immediately before the May 15, 2009 bankruptcy date may not
be fully guaranteed.

Workers and retirees with questions may consult the PBGC Web site,
http://www.pbgc.gov/or call toll-free at 1-800-400-7242. For
TTY/TDD users, call the federal relay service toll-free at 1-800-
877-8339 and ask for 800-400-7242.

Chardon Rubber retirees who draw a benefit from the PBGC may be
eligible for the federal Health Coverage Tax Credit. Further
information may be found on the PBGC Web site at
http://www.pbgc.gov/workers-retirees/benefits-
information/content/page13692.html

Assumption of the plan's unfunded liabilities will increase the
PBGC's claims and was not previously included in the agency's
fiscal year 2009 financial statements.

The PBGC is a federal corporation created under the Employee
Retirement Income Security Act of 1974. It currently guarantees
payment of basic pension benefits earned by 44 million American
workers and retirees participating in over 29,000 private-sector
defined benefit pension plans. The agency receives no funds from
general tax revenues. Operations are financed largely by insurance
premiums paid by companies that sponsor pension plans and by
investment returns.

                       About Chardon Rubber

Chardon Rubber Co. was founded in 1978 and offered mixing,
molding, rubber extruding, forming and engineering services to the
transportation, appliance, custom mixing and construction sectors.
The company experienced declining sales in 2007 and was unable to
complete restructuring efforts due to the downturn in the real
estate and credit markets in 2008.  After entering into a sale
agreement with Westinghouse Air Brake Technologies Corp., Chardon
Rubber filed for Chapter 11 protection (Bankr. N.D. Ohio Case No.
09-14348) on May 15, 2009, in Cleveland.

As reported by the Troubled Company Reporter on May 20, 2009, Bill
Rochelle, bankruptcy columnist at Bloomberg News, said Chardon
Rubber had a deal to sell all assets to Westinghouse for $3.87
million.

Judge Pat E. Morgenstern-Clarren handled the case. Jean Robertson,
Esq., at Calfee, Halter & Griswold LLC, served as the Debtor's
counsel.  The Company estimated $1 million to $10 million in
assets, and $10 million to $50 million in debts.  Bloomberg,
citing court documents, said Chardon owed $2.2 million to the
first-lien bank lender and another $300,000 on a second-lien
claim.  Trade suppliers were owed $2.5 million.


CHEMTURA CORP: Extends Escrow Period for Ch. 11 Exit Financing
--------------------------------------------------------------
Chemtura Corporation disclosed its election to extend the escrow
period to November 25, 2010, for the proceeds from its recent
$455 million offering of senior notes and $295 million term loan.

On August 27, 2010, Chemtura completed its private placement
offering of $455 million in aggregate principal amount of 7.875%
senior notes due 2018.  The net proceeds of the Senior Notes
offering were funded into a segregated escrow account, pursuant to
an escrow agreement dated as of August 27, 2010, among Chemtura,
U.S. Bank National Association, as trustee and Wells Fargo Bank,
National Association, as escrow agent, together with cash
sufficient to fund the redemption of the Senior Notes.

On October 19, 2010, Chemtura notified the Trustee and the Escrow
Agent that it had elected to extend the Initial Escrow End Date to
November 25, 2010, and deposited with the Escrow Agent
$3,020,583.86, representing the amount of interest that would
accrue, including original issue discount, on the funded amount of
the Senior Notes from October 26, 2010 up to, but excluding,
December 3, 2010.

On August 27, 2010, Chemtura also entered into the Senior Secured
Term Facility Credit Agreement, among Chemtura, Bank of America,
N.A., as administrative agent, the other agents party thereto and
the Initial Lenders and other Lenders party thereto. Under the
Term Loan Agreement, the Lenders advanced an aggregate principal
amount of $295 million, funded at 99% of such principal amount.
The proceeds of the Term Loan were funded into a segregated escrow
account, pursuant to the escrow agreement dated as of August 27,
2010, among Chemtura, the Administrative Agent and the Escrow
Agent, together with a deposit by Chemtura of an additional amount
sufficient to fund the interest expected to accrue on the Term
Loan for the period from the August 27, 2010 to October 26, 2010,
and the amount of the arrangers' fees and expenses.

On October 20, 2010, Chemtura notified the Administrative Agent
and the Escrow Agent that it had elected to extend the Initial
Escrow End Date to November 25, 2010, and will deposit with the
Escrow Agent the amount of interest that would accrue on the Term
Loan from the Initial Escrow End Date up to, but excluding,
November 25, 2010.

                     About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation --
http://www.chemtura.com/-- is a global manufacturer and marketer
of specialty chemicals, crop protection products, and pool, spa
and home care products.  Chemtura Corporation and 26 of its U.S.
affiliates filed voluntary petitions for relief under Chapter 11
on March 18, 2009 (Bankr. S.D.N.Y. Case No. 09-11233).  M. Natasha
Labovitz, Esq., at Kirkland & Ellis LLP, in New York, serves as
bankruptcy counsel.  Wolfblock LLP serves as the Debtors' special
counsel.  The Debtors' auditors and accountant are KPMG LLP; their
investment bankers are Lazard Freres & Co.; their strategic
communications advisors are Joele Frank, Wilkinson Brimmer
Katcher; their business advisors are Alvarez & Marsal LLC and Ray
Dombrowski serves as their chief restructuring officer; and their
claims and noticing agent is Kurtzman Carson Consultants LLC.  As
of December 31, 2008, the Debtors had total assets of $3.06
billion and total debts of $1.02 billion.


CHEMTURA CORP: Resolves Gowanus Site Obligations for $3.9MM
-----------------------------------------------------------
The United States of America filed with the Bankruptcy Court a
proposed settlement agreement, which requires Chemtura
Corporation and its debtor affiliates to pay $3,900,000 as
cleanup costs of the Gowanus Canal Superfund Site, located in
Brooklyn, New York.

The settlement agreement resolves a claim asserted against the
Debtors by the United States Environmental Protection Agency
under the Comprehensive Environmental Response, Compensation and
Liability Act.

However, the United States, in accordance with the proposed
Settlement Agreement, asks the Court not approve the proposed
Settlement Agreement at this time.

Notice of the lodging of the proposed Settlement Agreement will
be published in the Federal Register, after which the United
States Department of Justice will accept public comments on the
proposed Settlement Agreement for a 30-day period.

After the conclusion of the Comment Period, the United States
will file with the Court any comments received, as well as
responses to the comments, and at that time, if appropriate, will
ask the Court to approve the proposed Settlement Agreement.

In October 2009, the United States filed a proof of claim against
the Debtors seeking to recover past and future environmental
cleanup costs at the Gowanus Site based on its former ownership
and operation of facilities located at 633 and 688-700 Court
Street.

On March 2, 2010, the Gowanus Site was listed on the Superfund
National Priorities List, the nation's list of most contaminated
sites requiring cleanup.

The Gowanus Site includes the Gowanus Canal, a tidal arm of the
New York-New Jersey Harbor Estuary, and properties that are
sources of contamination to the Canal.

Under the proposed Settlement Agreement, the Debtors agreed to an
allowed general unsecured claim for $3,900,000 to resolve its
liabilities at the Gowanus Site.  The allowed general unsecured
claim is expected to be fully paid in cash.

In addition, the settlement agreement will not become effective
until the Court approves a separate settlement agreement entered
into between the Debtors and the New York State Department of
Environmental Conservation that requires the Debtors to comply
with New York State orders requiring cleanup of the two
properties located at 633 and 688-700 Court Street.

The United States previously entered into a separate settlement
agreement with the Debtors, pursuant to which the Debtors agreed
to pay approximately $26,000,000 to resolve claims of the EPA and
the National Oceanic Administration at 20 sites other than the
Gowanus Site.

In a public statement, Manhattan U.S. Attorney Preet Bharara,
Esq., praised the efforts of the Justice Department's Environment
and Natural Resources Division and the EPA.

A full-text copy of the proposed Gowanus Settlement is available
for free at http://bankrupt.com/misc/ChemGowanusSttlmt.pdf

                     About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC.  As of December
31, 2008, the Debtors had total assets of $3.06 billion and total
debts of $1.02 billion.


CHEMTURA CORP: Wins Nod of Settlemetn with Environmental Agencies
-----------------------------------------------------------------
Chemtura Corp. and its units received bankruptcy court approval of
separate agreements with certain state environmental agencies to
resolve certain environmental obligations.

Under the Settlements, the parties mutually release the Debtors
from civil claims or causes of action.

The State Environmental Agencies and the salient terms of their
Environmental Settlements with the Debtors are:

A. The Division of Waste Management of the North Carolina
    Department of Environmental and Natural Resources

     * NCDWM's claims will be deemed satisfied and one claim
       will be entitled to vote for $3,750,000; and

     * The NCDWM's Allowed Environmental Claim will be paid in
       cash.

B. Georgia Department of Natural Resources

     * Georgia's Claim No. 9236 will be deemed an allowed
       Environmental Claim against Chemtura Corp. for $23;

     * Claim No. 9410 will be deemed automatically withdrawn
       upon confirmation of the Plan and occurrence of the Plan
       Effective Date without any further order of the Court or
       action by the Parties.  However, all environmental
       obligations with respect to Claim No. 9410, except those
       obligations that constitute Environmental Claims on
       account of costs expended or paid by Georgia before the
       Petition Date or penalties for violations of
       environmental laws or regulations that occurred before
       the Petition Date, will remain in place after the Plan
       Effective Date; and

     * Other than the two allowed claims, Georgia agrees that it
       could assert no other claims and no other claims have
       arisen with respect to the prepetition conduct of the
       Debtors' business or their ownership, operation or use of
       facilities or properties in the State.

C. The State of Louisiana Department of Environmental Quality

     * Louisiana will have an allowed Environmental Claim
       against Chemtura for $164,381, which includes $155,619 in
       civil penalties and $8,761 in environmental regulatory
       fees and oversight costs;

     * Payment is to be made within 10 days after the Plan
       Effective Date.  If payment is not received within that
       time, the Parties' Settlement Agreement may be voidable
       at the option of the Department;

     * Louisiana agrees that it could assert no other claims and
       no other claims have arisen with respect to the
       prepetition conduct of the Debtors' business or their
       ownership, operation or use of facilities or properties
       in the State.

D. Texas Commission on Environmental Quality

     * With respect to Claim No. 1979 against Chemtura related
       to the Archem Site, TCEQ will have an allowed
       Environmental Claim for $220,517;

     * With respect to Claim No. 1981 against Great Lakes
       related to the Archem Site, TCEQ will have an allowed
       Environmental Claim for $25,000;

     * With respect to Claim No. 1977 against Great Lakes
       related to the Malone Site, TCEQ will have an allowed
       Environmental Claim against Great Lakes for $16,275;

     * With respect to Claim No. 1976 against Chemtura related
       to the Malone Site, TCEQ will have an allowed
       Environmental Claim for $1,225; and

     * With respect to Claim No. 11237 against Chemtura related
       to the Continental Carbon Site, TCEQ agrees to withdraw
       its claims.

E. New York State Department of Environmental Conservation

     Chemtura will enter into and comply with (a) the 688 Court
     Street Site Consent Order, which amends and supersedes a
     May 2002 Order, and (b) the 633 Court Street Order as they
     may be amended or superseded pursuant to New York
     Environmental Law.  The obligations will not be impaired in
     any way by the Debtors' Chapter 11 Cases or the Plan of
     Reorganization.

     With respect to 688 Court Street Site:

      * Chemtura's obligations with respect to the 688 Court
        Street Site will be capped at $150,000 and
        $3.596 million for the 633 Court Street Site;

      * Chemtura agrees to undertake investigation and
        remediation activities for the Court Street Sites,
        including offsite areas where contamination has migrated
        from the Court Street Sites.  Chemtura's obligations
        with respect to the Court Street Sites will be deemed
        satisfied upon the completion of approved investigation
        and remediation work and issuance of a "No Further
        Action" letter from the NYSDEC;

      * Except with respect to the suspended civil penalty
        assessment to be governed by the 688 Court Street
        Consent Order, the NYSDEC agrees not to seek to recover
        civil penalties for any violation of the May 2002 Order
        or the New York Environmental Laws occurring prior to
        the effective date of the settlement; and

      * NYSDEC will receive no payments or distributions under
        the Plan in the Debtors' Chapter 11 Cases with respect
        to any of Chemtura's liabilities and obligations for the
        688 Court Street Site under the New York Environmental
        Laws or the May 2002 Order, provided, however, that the
        Parties' settlement will not affect penalties for any
        future violation of the 633 or 688 Court Street Consent
        Orders.

     With respect to 633 Court Street Site:

      * Chemtura agrees to undertake investigation and
        remediation activities at the 633 Court Street Site
        subject to a $3.596 million aggregate cap on Chemtura's
        expenditures;

      * All of Chemtura's obligations with respect to the 633
        Court Street Site will be deemed satisfied upon the
        earlier of (a) completion of remediation work and
        issuance of a No Further Action letter from the NYSDEC;
        upon reaching either (a) or (b) above, the NYSDEC
        covenants not to file a civil action, not to take any
        administrative action, and not to seek any penalties
        against the Debtors with respect to the 633 Court Street
        Site;

      * The 633 Court Street Consent Order will govern the
        investigation and remediation activities at the 633
        Court Street Site consistent with the NYSDEC's rules,
        regulations and guidance memoranda governing the
        activities;

      * Chemtura will have control over the investigation and
        remediation activities at the 633 Court Street Site
        subject to the NYSDEC's oversight and approval as set
        forth in the 633 Court Street Consent Order and will
        continue the activities;

      * The NYSDEC retains the right (1) to review all invoices
        for work performed with respect to 633 Court Street, and
        (2) to conduct an audit of the costs associated with
        Chemtura's investigation and remediation activities;

      * NYSDEC's oversight costs at the 633 Court Street Site
        will be capped at $100,000.  Costs incurred by Chemtura
        in the performance of investigation and remediation
        activities at the 633 Court Street Site, together with
        any amount of money attributed to the NYSDEC's oversight
        costs, will be included in and count toward satisfaction
        of Chemtura's $3.596 million liability cap after the
        Settlement Effective Date;

      * The NYSDEC will not seek any penalties or other costs
        associated with any violations of New York Environmental
        Laws occurring prior to the Settlement Effective Date
        with respect to the 633 Court Street Site; and

      * NYSDEC will receive no payments or distributions under
        the Plan in the Chapter 11 Cases with respect to any of
        Chemtura's liabilities and obligations under the New
        York Environmental Laws for the 633 Court Street Site,
        provided, however, that the Settlement Agreement will
        not affect penalties for any future violation of the 633
        or 688 Court Street Consent Orders.

F. Commonwealth of Pennsylvania, Pennsylvania Department of
    Environmental Protection and American Refining Group, Inc.

     * On or before the Plan Effective Date, Chemtura will
       deposit $10,000,000 into the Environmental Reserve, and
       upon the earlier of (a) 30 days after the Effective Date
       of the Settlement Agreement and (b) the first
       distribution date occurring after the Effective Date,
       Chemtura will cause the amount to be released from the
       Environmental Reserve by wire transfer into a segregated
       fund;

     * In consideration of the payment of $10,000,000 into the
       Fund, PADEP will issue a covenant not to sue the Debtors
       with regard to any Pennsylvania Cleanup Laws, CERCLA,
       RCRA or other applicable law with respect to the Bradford
       Site, and ARG will covenant not to sue Chemtura;

     * Chemtura's conveyance of a wastewater treatment facility
       to ARG will be free and clear of liens;

     * The Environmental Declaratory Action will be dismissed as
       it pertains to PADEP; and

     * PADEP and ARG agree not to file a civil action or to take
       any administrative or other action against the Debtors
       pursuant to any Pennsylvania Environmental Law, CERCLA,
       or any other applicable federal law or regulation with
       regard to the Bradford Site.

                     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.


CHEMTURA CORP: Inks 1st Amendment of $295MM Term Loan Facility
--------------------------------------------------------------
In a Form 8-K filed with the Securities and Exchange Commission,
Chemtura Corporation disclosed that on September 27, 2010, it
entered into Amendment No. 1 to the Senior Secured Term Facility
Credit Agreement it executed with Bank of America, N.A., as
administrative agent, and certain other agents and lenders.

The Amendment deletes the requirement that intercompany loans be
subordinated, as the requirement was inconsistent with the
provisions for prepayment of other debt which expressly permitted
prepayments of intra-group debt.  The Amendment also clarifies,
among other things, language permitting payments and dispositions
made pursuant to Chemtura's Chapter 11 Plan.

A copy of Amendment No. 1 to the Term Loan Facility is available
at the SEC at http://researcharchives.com/t/s?6c63

Chemtura initially entered into the Term Loan Facility Agreement
on August 27, 2010.  Under the Agreement, the Lenders advanced
loans in an aggregate principal amount of $295 million, funded at
99% of such principal amount.  Chemtura entered into the Term
Loan Facility Agreement as part of its anticipated exit financing
package pursuant to its Plan.

                     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.


CHINA VOICE: To File Annual Report Late; Flint Blamed
-----------------------------------------------------
On September 28, 2010, China Voice Holding Corporation filed a
notification of late filing on Form 12b-25, reporting that it is
unable to complete and file its Form 10-K annual report for the
year ended June 30, 2010, within the time prescribed by the rules
of the Securities and Exchange Commission.  China Voice stated in
the Form 12b-25 that the delay was due to the inability to
complete the audit of its financial statements for the year then
ended.

In a regulatory filing dated October 13, 2010, China Voice
discloses that it will not be able to complete the audit of the
June 30, 2010 financial statements in time to file the Form 10-K
within the 15-day extension period provided under Rule 12b-25 of
the Securities Exchange Act of 1934.  The inability to complete
the audit is due mainly to the unavailability of financial
information from Flint Telecom Group, Inc., the results of which
are included in China Voice's financial statements under the
equity method.  In a Form 12b-25 filed by Flint on September 28,
2010, Flint reported that "the Registrant's [Flint's] annual
report on Form 10-K for the year ended June 30, 2010, could not be
filed within the prescribed time period because the Registrant,
which has a small accounting staff, has devoted substantial time
and effort to recent business matters affecting the Registrant,
including the discontinuation and disposition of certain
operations.  As a result, the Registrant has not yet been able to
finalize the annual report for the year ended June 30, 2010."

China Voice intends to file the Form 10-K when it is able to
obtain the necessary financial information from Flint and complete
the work necessary to obtain an audit.

As of March 31, 2010, the Company's investment in Flint
represented 25.2% of the ownership of Flint.  Flint is a U.S.
telecommunications technology and services company which is traded
on the OTC BB market under the symbol FLTT.

                        About China Voice

Based in Boca Raton, Fla., China Voice Holding Corp. --
http://www.chvc.com/-- is a U.S. publicly-traded holding company
with a portfolio of next-generation communications products and
services doing business in the People's Republic of China, where
the Company has obtained full legal status as a licensed Chinese
telecommunications company.  Through its subsidiaries, the Company
provides Voice over Internet Protocol telephone services, office
automation, wireless broadband, unified messaging, video
conferencing, mobility services and other advanced voice and data
services.  CHVC's focus is on providing its innovative and
patented voice and data solutions to government agencies and large
enterprises in China.

The Company's balance sheet as of March 31, 2010, showed
$17.39 million in total assets, $7.15 million in total
liabilities,  and stockholders' equity of $10.24 million.

                          *     *     *

As reported in the Troubled Company Reporter on November 6, 2009,
Jimmy C.H. Cheung & Co, in Hong Kong, expressed substantial doubt
about China Voice Holding Corp. and subsidiaries' ability to
continue as a going concern, following the Company's results for
the fiscal year ended June 30, 2009.  The independent auditors
noted of the Company's net losses and accumulated deficits during
the past two fiscal years.


CHINA YOUTH: Posts $543,900 Net Loss in June 30 Quarter
-------------------------------------------------------
China Youth Media, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $543,858 on $40,301 of revenue for the
three months ended June 30, 2010, compared with a net loss of
$1.95 million on $0 revenue for the same period last year.

The decrease in the net loss recorded for the three months ended
June 30, 2010, as compared to the three months ended June 30,
2009, is primarily attributed to the Company's recent substantial
reduction in its operations.

In addition, the Company has terminated various employees in its
subsidiary, Youth Media (Beijing) Limited ("YMBJ").  "While we are
trying to maintain limited operations, no assurance can be made
that we will be able to continue our business operations for more
than a limited period of time, including but not limited to
maintaining our ITVN media portal called Koobee.  Because of these
recent developments, we may be forced to further scale down or
possibly cease all business operations, as a result of which
investors could lose their investment."

At June 30, 2010, the Company had an accumulated deficit of
$21.76 million and a working capital deficit of $1.18 million.

The Company's balance sheet at June 30, 2010, showed $4.51 million
in total assets, $3.85 million in total liabilities, and
stockholders' equity of $655,172.

Tarvaran Askelson & Company, LLP, in Laguna Niguel, Calif.,
expressed substantial doubt about the Company's ability to
continue as a going concern, following the Company's 2009 results.
The independent auditors noted that the Company has incurred
significant losses.

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

               http://researcharchives.com/t/s?6cb5

                        About China Youth

Headquartered in Marina Del Rey, Calif., China Youth Media, Inc.
(OTC BB: CHYU) -- http://www.chinayouthmedia.com/--  is a China
focused youth marketing and media company whose business is to
provide advertisers and corporations with direct and centralized
access to China's massive but difficult to reach student
population.  The cornerstone of the Company's China youth
marketing strategy is Koobee, a large scale, advertising supported
Intranet Television Network (ITVN) media portal that is initially
targeting China's campus-based college students, estimated to
total more than 30 million young people.


CHRYSLER LLC: Agrees to Pay $31 Million to Settle CERCLA Claim
--------------------------------------------------------------
Chrysler LLC's liquidating company Old Carco LLC has agreed to
allow the U.S. Environmental Protection Agency to claim
$31 million against the bankrupt auto dealer's estate to settle a
Superfund action, Bankruptcy Law360 reports.

A motion filed Monday on behalf of the EPA in the U.S. Bankruptcy
Court for the Southern District of New York asked for approval of
the settlement, Law360 says.

                          About Chrysler

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  Chrysler hired Jones Day, as lead counsel;
Togut Segal & Segal LLP, as conflicts counsel; Capstone Advisory
Group LLC, and Greenhill & Co. LLC, for financial advisory
services; and Epiq Bankruptcy Solutions LLC, as its claims agent.
Chrysler has changed its corporate name to Old CarCo following its
sale to a Fiat-owned company.  As of December 31, 2008, Chrysler
had $39,336,000,000 in assets and $55,233,000,000 in debts.
Chrysler had $1.9 billion in cash at that time.

In connection with the bankruptcy filing, Chrysler reached an
agreement with Fiat SpA, the U.S. and Canadian governments and
other key constituents regarding a transaction under Section 363
of the Bankruptcy Code that would effect an alliance between
Chrysler and Italian automobile manufacturer Fiat.  Under the
terms approved by the Bankruptcy Court, the company formerly known
as Chrysler LLC on June 10, 2009, formally sold substantially all
of its assets, without certain debts and liabilities, to a new
company that will operate as Chrysler Group LLC.  Fiat has a 20%
equity interest in Chrysler Group.

Dow Jones reports that the U.S. and Canadian governments provided
Chrysler with $4.5 billion to finance its bankruptcy case.  Those
loans are to be repaid with the proceeds of the bankruptcy
estate's liquidation.


CMR MORTGAGE FUND: Trust Seeks $20MM in Plan Exit Financing
-----------------------------------------------------------
The CMR Mortgage Fund, LLC, et al. wind-down trust is seeking
$20,000,000 in secured first- and second-lien plan exit financing
to rationalize the value of the trust in an orderly liquidation,
pay claims under the priorities established in CMR's plan of
reorganization and fund entitlement and sale of the properties
subject to CMR's liens.

The CMR Funds are real estate investment funds in resolution.  The
CMR Funds were formed in November 2000 and, through August 2005,
by the same management company, ultimately raised more than
$186 million across the three funds in more than 1,900 investment
transactions.  The CMR Funds have a secured interest in 20
properties with an estimated value of $146.1 million.  Eleven of
the twenty properties, representing $60.2 million of value, are
wholly owned & unencumbered by any secured debt.  The Plan for the
three funds on a consolidated basis has been approved by the U.S.
Bankruptcy Court, and will go effective when this financing
closes.  Disposition of the properties under the Plan will be
handled by the Trust.

The Trust is offering performance on borrowed funds in the form of
a predicted 48-month term, 12% interest & 10% equity
participation.  While the term offered is 48-months, the Trust
believes that all assets could be disposed of and proceeds
returned to all parties within 36 months.

A summary of the projected recoveries through December 2013:

  Total Financing:                         $20,000,000
  Total Paid to Lender:                    $32,975,225
  Profit (%):                                     64.9%
  Annualized IRR (%):                             21.6%

This financing will not be subject to Bankruptcy Court approval.
The Wind-Down Trust is entitled to borrow up to $20,000,000 in the
form of DIP, bridge or exit financing.  The trust expects that
revenues from the sale of properties covered by the Trust's
security interests will be sufficient to satisfy all secured
indebtedness, per the agreements and structures enacted by the
Plan of Reorganization.  With regard to the financing presently
sought, the security interest will be a first position lien (and
blanket lien) on the proceeds/redemptions actualized in the
liquidation of the CMR portfolio.  The holding company's
entitlement to the proceeds of the wind down trust will be at pari
interest to other lenders.

To obtain more information in addition to the Non-Disclosure
Agreement, contact the undersigned Financial Advisor to the Wind-
Down Trust:

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

                  - and -

          Peter S. Hartheimer
          Managing Director
          NHB Advisors, Inc.
          405 Lexington Avenue, 26th Floor
          New York, NY 10174
          Telephone: (845) 323-1267 (mobile)
          E-mail: peter.hartheimer@nhbteam.com

                        About CMR Mortgage

San Francisco, California-based CMR Mortgage Fund II, LLC, is a
limited liability company organized for the purpose of making or
investing in business loans secured by deeds of trust or mortgages
on real properties located primarily in California.   The Company
previously funded lending activities through loan pay downs or pay
offs, as well as by selling its membership interests, and by
selling all or a portion of interests in the loans to individual
investors.  The Company commenced operations in February 2004.
The Company ceased accepting new members in the third quarter of
2006.

The Company and CMR Mortgage Fund III, LLC, filed for Chapter 11
protection on March 31, 2009 (Bankr. N. D. Calif. Case No. 09-
30788 and 09-30802).  Robert G. Harris, Esq., at the Law Offices
of Binder and Malter, represents the Debtor as counsel.  The
Debtor listed between $10 million and $50 million each in assets
and debts.


COMMERCIAL BARGE: Platinum Deal Cues Moody's Rating Review
----------------------------------------------------------
Moody's Investors Service placed its ratings of Commercial Barge
Line Company, on review for possible downgrade following the
announcement on October 18, 2010, that the Board of Directors of
its publicly-traded parent, American Commercial Lines, Inc., has
agreed to be acquired by an affiliate of Platinum Equity Partners,
of Santa Monica, California.  The proposed consideration assigns
an enterprise value of $777 million to ACLI, including the
$356 million of CBLC debt outstanding as of the date of the
announcement.  The B1 Corporate Family Rating, the B2 Probability
of Default Rating and the B2 rating assigned to the $200 million
of 12.5% senior secured second lien notes due 2017 have been
placed on review for possible downgrade.  The purchase and sale
agreement provides ACLI 40 days to shop the offer to identify
whether one or more other parties might consider an acquisition of
the company at a higher price.  Moody's affirmed the SGL-2
Speculative Grade Liquidity rating.

Placing the ratings on review reflects the uncertainty about the
company's future capital structure that yesterday's announcement
raises.  The agreed upon price per share trailed the October 15,
2010 closing price of ACLI's common shares.  A number of
plaintiff's law firms subsequently announced independent
investigations to assess the propriety of the board's conduct in
negotiating the announced transaction.  The "go shop" provision
provides the company the opportunity to locate a superior proposal
to that of Platinum's.  The company is in play and could secure a
higher bid before the November 27, 2010 expiration of the go shop
period.

According to the company's press release, the transaction is
subject to customary closing conditions, including the expiration
or earlier termination of the Hart-Scott Rodino waiting period and
the approval of ACL's stockholders, but is not subject to any
condition with regard to the financing of the transaction.
Financing consists of a combination of equity contributed by
Platinum Equity and debt financing provided by Wells Fargo Capital
Finance, LLC.  ACL intends to keep the Company's existing senior
secured notes outstanding and will comply with the indenture
governing the notes, including making any required offer to
purchase the notes upon a change of control.

The Notes indenture requires the company to maintain a fixed
charge coverage ratio of at least 2.5 to 1.0, a ratio test that is
stronger than the 2.0 to 1.0 market standard.  Moody's believe
that this provision likely limits the amount of incremental debt
that could be added to the company's capital structure as long as
the Notes remain outstanding.  The indenture also limits senior
ranking Credit Agreement debt to $400 million but does allow for
debt whose priority of claim is expressly subordinated to that of
the Notes.  To the extent that this indenture covenant limits the
amount of incremental debt incurred to finance the acquisition,
the resultant effect on credit metrics could be muted, and could
limit the downwards pressure on the ratings.

Moody's will consider how the ultimate financing of the sale of
ACLI will affect CBLC's capital structure and credit profile,
particularly interest coverage and leverage measures.
Additionally, the rating of the Notes could be affected pursuant
to Moody's Loss Given Default Rating Methodology if additional
indebtedness at either senior or junior priorities of claim
relative to that of the second lien notes are introduced to the
capital structure by the acquiring entity or if the second lien
notes are paid off by the ultimate suitor.  Moody's will also
consider how the transaction affects forecasted cash balances and
availability under revolving credit facilities.

The last rating action on CBLC was the assignment of ratings to
the company on June 25, 2009.

On Review for Possible Downgrade:

Issuer: Commercial Barge Line Company

  -- Probability of Default Rating, Placed on Review for Possible
     Downgrade, currently B2

  -- Corporate Family Rating, Placed on Review for Possible
     Downgrade, currently B1

  -- Senior Secured Regular Bond/Debenture, Placed on Review for
     Possible Downgrade, currently B2, LGD4, 53%

Outlook Actions:

Issuer: Commercial Barge Line Company

  -- Outlook, Changed To Rating Under Review From Stable

Commercial Barge Line Company, headquartered in Jeffersonville,
Indiana, is the sole first tier subsidiary holding company of
American Commercial Lines Inc., also headquartered in
Jeffersonville, Indiana.  ACLI is one of the largest integrated
marine transportation and services companies in the United States,
providing barge transportation and related services, and
construction of barges, towboats and other vessels.


CRS MANAGEMENT: Court Confirms Chapter 11 Plan of Reorganization
----------------------------------------------------------------
The Hon. T.M. Weaver of the U.S. Bankruptcy Court for the Western
District of Oklahoma has confirmed CRS Management Company, LLC's
Plan of Reorganization.

Prior to confirmation, the Plan was modified on September 29, to
change the deadline for the auction sale of the Villa facility
from October 31 to November 30.

Under the plan, unsecured claims will receive nothing.  As to
secured claims, the bonds aggregating $19,900,000 will be
exchanged for new bonds in the aggregate amount of $13,000,000,
after which, the bonds will be cancelled.   Soon as practicable
after the effective date, the Debtor will convey all of its
rights, title and interest in the collateral, except for the Villa
Center, to Phoenix Services Center LLC, the sole member.

The Debtor's right, title and interest in Villa Center will be
conveyed to the Trustee Bank.

A full-text copy of the amended Disclosure Statement and the
modified Plan is available for free at:

       http://bankrupt.com/misc/CRSManagement_AMENDEDds.pdf
       http://bankrupt.com/misc/CRSManagement_modifiedPLan.pdf

                   About CRS Management Company

CRS Management Company LLC owns two community correction
facilities -- one, the Phoenix Center, in Adams County, Colorado,
and the other, the Villa Center, in Weld County, Colorado.

Oklahoma City, Oklahoma-based CRS Management filed for Chapter 11
bankruptcy protection on February 5, 2010 (Bankr. W.D. Okla. Case
No. 10-10531).  Kline Kline Elliot & Bryant, PC, assists the
Debtor in its restructuring effort.  The Debtor disclosed
$16,115,184 in assets and $18,765,000 in liabilities.


DAIRY PRODUCTION: Section 341(a) Meeting Scheduled for Nov. 16
--------------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of Dairy
Production Systems - Georgia LLC, et al.'s creditors on November
16, 2010, at 11:00 a.m.  The meeting will be held at 345 W. Broad
Street, Old Alb. Federal Cths. & Post Office, 3rd Floor, Albany,
GA 31701.

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.

Baconton, Georgia-based Dairy Production Systems - Georgia LLC,
dba Dairy Production Systems, filed for Chapter 11 bankruptcy
protection on October 7, 2010 (Bankr. M.D. Ga. Case No. 10-11752).
Neil C. Gordon, Esq., and Sean C. Kulka, Esq., at Arnall Golden
Gregory LLP, assist the Debtor in its restructuring effort.  The
Debtor estimated its assets at $1 million to $10 million and debts
at $10 million to $50 million at the Petition Date.

Affiliates Dairy Production Systems - Mississippi, LLC (Bankr.
M.D. Ga. Case No. 10-11755), Dairy Production Systems, LLC (Bankr.
M.D. Ga. Case No. 10-11754), Heifer Haven, LLC (Bankr. M.D. Ga.
Case No. 10-11757), and New Frontier Dairy, LLC (Bankr. M.D. Ga.
Case No. 10-11756), filed separate Chapter 11 petitions.  Dairy
Production Systems, LLC, estimated its assets and debts at
$10 million to $50 million at the Petition Date.

The cases are jointly administered, with Dairy Production Systems
- Georgia as lead case.


DAIRY PRODUCTION: US Trustee Appoints 7 Members to Creditors Panel
------------------------------------------------------------------
Donald F. Walton, the U.S. Trustee for Region 21, appoints seven
members to the Official Committee of Unsecured Creditors in Dairy
Production Systems - Georgia LLC, et al.'s Chapter 11 cases.

The Committee members include:

1) Wendelin Industries, LLC
   921 Pheasant Run
   Lindsborg, KS 67456
   Tel.: (785) 227-8910
   Fax: (785) 227-8913
   E-mail: wendelinind@hotmail.com

2) Gordon Twerberg, Manager
   Century-Plus, LLC
   6221 Rough Road
   Cleburne, TX 76031
   Tel.: (817) 790-2368
   Fax: (817) 783-2363
   E-mail: gordie6221@gmail.com

3) J. Doran Kay, President
   Kay Enterprises, Inc.
   P.O. Box S
   Mona, Utah 84645
   Tel.: (435) 623-2232
   Fax: (435) 623-2252
   E-mail kayforhay@hotmail.com

4) Bradley Wayne Mills, Manager Member
   284 Barfield Road
   Mooresville, NC 28115
   Tel: (704) 657-2234
   Fax: (866) 590-1246
   E-mail: bradley.mills@pfizer.com

5) M.S. Rainey, III
   Dairy Replacement Management, LLC
   725 Pea Ridge Rd.
   Eatonton, GA 31024
   Tel: (706) 473-0730
   Fax: (706) 485-8386
   E-mail: grandparainey@hughes.net

6) Norvel Reed, Jr., Owner
   P.O. Box 1111
   Trenton, FL 32693
   Tel.: (352) 895-9315
   Fax: (352) 463-1211
   E-mail: reeddairycattle@yahoo.com

7) Martha Furst, President/CEO
   Furst-McNess Company
   120 E. Clark Street
   Freeport, IL 61032
   Tel: ( 815) 232-9827
   Fax: (815) 232-9765
   E-mail: martha.furst@mcness.com

Baconton, Georgia-based Dairy Production Systems - Georgia LLC,
dba Dairy Production Systems, filed for Chapter 11 bankruptcy
protection on October 7, 2010 (Bankr. M.D. Ga. Case No. 10-11752).
Neil C. Gordon, Esq., and Sean C. Kulka, Esq., at Arnall Golden
Gregory LLP, assist the Debtor in its restructuring effort.  The
Debtor estimated its assets at $1 million to $10 million and debts
at $10 million to $50 million at the Petition Date.

Affiliates Dairy Production Systems - Mississippi, LLC (Bankr.
M.D. Ga. Case No. 10-11755), Dairy Production Systems, LLC (Bankr.
M.D. Ga. Case No. 10-11754), Heifer Haven, LLC (Bankr. M.D. Ga.
Case No. 10-11757), and New Frontier Dairy, LLC (Bankr. M.D. Ga.
Case No. 10-11756), filed separate Chapter 11 petitions.  Dairy
Production Systems, LLC, estimated its assets and debts at
$10 million to $50 million at the Petition Date.

The cases are jointly administered, with Dairy Production Systems
- Georgia as lead case.


DAIRY PRODUCTIONS: Wants Schedules Filing Extended Until Nov. 11
----------------------------------------------------------------
Dairy Production Systems - Georgia LLC, et al., ask the U.S.
Bankruptcy Court for the Middle District of Georgia to extend by
35 days the deadline for the filing of schedules of assets and
liabilities and statements of financial affairs until November 11,
2010.

The Debtors said that preparation of the Debtors' Schedules and
SOFAs will require a significant effort.  "An extension will aid
the Debtors' efforts to ensure the accuracy and completeness of
the Schedules and SOFAs, which will, in turn, enable a timely and
efficient administration of these bankruptcy cases," the Debtors
stated.

Baconton, Georgia-based Dairy Production Systems - Georgia LLC,
dba Dairy Production Systems, was formed in November of 2008 and
owns the operating assets acquired from Aurora Dairy - Georgia,
LLC, exclusive of the real property owned by Aurora-Georgia.  DPS
Georgia owns approximately 3,490 head of cattle, along with
equipment and dairy improvements located on a 1,065-acre farm
leased from Aurora-Georgia.

DPS Georgia filed for Chapter 11 bankruptcy protection on
October 7, 2010 (Bankr. M.D. Ga. Case No. 10-11752).  Neil C.
Gordon, Esq., and Sean C. Kulka, Esq., at Arnall Golden Gregory
LLP, assist DPS Georgia in its restructuring effort.  DPS Georgia
estimated its assets at $1 million to $10 million and debts at
$10 million to $50 million at the Petition Date.

Affiliates Dairy Production Systems - Mississippi, LLC (Bankr.
M.D. Ga. Case No. 10-11755), Dairy Production Systems, LLC (Bankr.
M.D. Ga. Case No. 10-11754), Heifer Haven, LLC (Bankr. M.D. Ga.
Case No. 10-11757), and New Frontier Dairy, LLC (Bankr. M.D. Ga.
Case No. 10-11756), filed separate Chapter 11 petitions.  Dairy
Production Systems, LLC, estimated its assets and debts at
$10 million to $50 million at the Petition Date.

The cases are jointly administered, with Dairy Production Systems
- Georgia as lead case.


DANIEL RIDEOUT: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Joint Debtors: Daniel W. Rideout
                 fdba Rideout Enterprises, LLC
                 fdba Iggy's Meridian, LLC
                 fdba Rideout & Rideout
                 fdba Iggys Idaho Falls, Inc.
                 fdba Logan Iggy's, Inc.
                 fdba Yachta Yachta
                 fdba Rideout, LLC
                 fdba Iggys Meridian, Inc.
               Jane A. Rideout
               2622 East Murray Holladay Rd
               Salt Lake City, UT 84117

Bankruptcy Case No.: 10-34388

Chapter 11 Petition Date: October 16, 2010

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: R. Kimball Mosier

Debtor's Counsel: Lee Rudd, Esq.
                  716 East 4500 South
                  P.O. Box 57782
                  Salt Lake City, UT 84157
                  Tel: (801) 268-2808
                  Fax: (866) 724-6381
                  E-mail: leerudd@ruddlaw.com

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

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

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


DAVID ROOT: Idaho Court Slashes Counsel's Fees for MOR Work
-----------------------------------------------------------
Randal J. French, Esq., at Bauer & French, counsel to David Root
and Helen Root, seeks allowance of roughly $19,000 in interim
compensation under 11 U.S.C. Sec. 331.  Counsel seeks a total of
$18,832.50 in attorneys' fees and $240.38 in costs.  Counsel asks
for permission to utilize $3,645.00 held in Counsel's trust
account as a retainer to satisfy any allowed Sec. 331
compensation, and that the Debtors be allowed to pay the balance
of allowed compensation without further Court order as funds are
available.

Chief Bankruptcy Judge Terry L. Myers rules that, while some legal
services may certainly be required to assist the Debtors in
understanding and thereafter meeting their obligations regarding
financial accountability, including the requirements of complete
and timely filed monthly operating reports, there is nothing
submitted in or with the Application to justify an approach where
Counsel, in full or significant part, actually gathers financial
data and prepares the MORs.  Counsel is retained to provide legal
services, not accounting or clerical assistance, nor to perform
administrative duties placed on counsel's clients.  "Counsel has
spent what, on this cold record, would appear to be an inordinate
amount of time creating, revising and filing the MORs," the Court
says.

Accordingly, the Court says $2,136.60 in pre-Sec. 327 approved
employment fees and costs will be denied with prejudice, and the
amount of $6,025.00 will be denied without prejudice.  The Court
grants Counsel $10,850.00 in attorneys' fees and $61.28 in costs.
Counsel will be authorized to draw down the $3,645.00 retainer in
payment of the allowed fees, and the Debtors will be authorized to
pay the remaining allowed fees from otherwise available funds.

A copy of Judge Myers' memorandum of decision dated Oct. 19, 2010,
is available at http://is.gd/g9LV2from Leagle.com.

David and Helen Root filed a voluntary chapter 11 petition (Bankr.
D. Idaho Case No. 09-00645) on March 18, 2009.


DAYTON OAKS: Wants to Resolve Concerns Related to Asset Sale
------------------------------------------------------------
Dayton Oaks, LLC, asks the U.S. Bankruptcy Court for the District
of Maryland to extend its exclusive period to file a Chapter 11
Plan and Disclosure Statement until November 29, 2010.

The Debtor have already filed a proposed Chapter 11 Plan of
Reorganization.  The Debtors will begin soliciting votes on the
Plan following approval of the adequacy of the information in the
explanatory Disclosure Statement.

The Debtor explains that it needs additional time to resolve the
concerns related to the sale.  Under the Debtor's Plan, the Debtor
intends to continue to develop the property and to pay creditors
from the proceeds of sale over a period of years.  The proposed
sale of Lot 30 is a continuation of the Debtor's prepetition sales
efforts and the Plan contemplates continued lot sales on similar
terms.  Thus, the Court's ruling on the motion to sell will
directly impact what information must be contained in a Disclosure
Statement and determine whether the Debtor will need to amend the
Plan.

                        About Dayton Oaks, LLC

Clarksville, Maryland-based Dayton Oaks, LLC, filed for Chapter 11
bankruptcy protection on June 7, 2010 (Bankr. D. Md. Case No. 10-
22702).  Gary R. Greenblatt, Esq., at Mehlman, Greenblatt & Hare,
LLC, assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $10 million to $50 million.
Failed Banks Sept. 10, 2010.


DREIER LLP: Trustee Sues to Recover $11.9 Million From Client
-------------------------------------------------------------
Dow Jones' Small Cap reports that the liquidating trustee for
Dreier LLP, the law firm founded by convicted criminal Marc
Dreier, is suing a former client to recover an $11.9 million
payment the client received one month before the law firm was
placed into bankruptcy.

Marc Dreier founded New York-based law firm Dreier LLP --
http://www.dreierllp.com/-- in 1996.

On December 8, 2008, the U.S. Securities and Exchange Commission
filed a suit, alleging that Mr. Dreier made fraudulent offers and
sales of securities in several cities, selling fake promissory
notes to hedge and other private investment funds.  The SEC
asserted that Mr. Dreier also distributed phony financial
statements and audit opinions, and recruited accomplices in
connection with that scheme.  Mr. Dreier, currently in prison, was
charged by the U.S. government for conspiracy, securities fraud
and wire fraud (S.D.N.Y. Case No. 09-cr-00085).

Dreier LLP sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
08-15051) on December 16, 2008.  Stephen J. Shimshak, Esq., at
Paul, Weiss, Rifkind, Wharton & Garrison LLP, was tapped as
counsel.  The Debtor estimated assets of $100 million to
$500 million, and debts between $10 million and $50 million in its
Chapter 11 petition.  Gowan, a partner with Diamond McCarthy, was
appointed Chapter 11 trustee.

Wachovia Bank National Association, Sheila M. Gowan as trustee for
Dreier LLP's Chapter 11 Estate, and Steven J. Reisman as post-
confirmation representative of the bankruptcy estate of
360networks (USA) Inc. signed a petition that put Mr. Dreier into
bankruptcy under Chapter 7 on January 26, 2009 (Bankr. S.D.N.Y.
Case No. 09-10371).

Mr. Dreier, 60, pleaded guilty to fraud and other charges in May
2009.  The scheme to sell $700 million in fake notes unraveled in
late 2008.  Mr. Dreier is serving a 20-year sentence in a federal
prison in Minneapolis.


DUBROW INC: US Trustee Appoints 5 Members to Creditors Panel
------------------------------------------------------------
Roberta A. DeAngelis, the U.S. Trustee for Region 3, appoints five
members to the Official Committee of Unsecured Creditors in
Dubrow, Inc.'s Chapter 11 case.

The Committee members include:

1) Richard Taylor, Chairperson
   Lindenmeyr Munroe
   115 Moonachie Avenue
   Moonachie, NJ 07074
   Tel: (201) 440-6491 X 306
   Fax: (201) 440-6492

2) Jeffrey Biskaduros
   Xpedx dba Central Lewmar
   261 River Road
   Clifton, NJ 07014
   Tel: (973) 405-2231
   Fax: (973) 405-2143

3) Carl DeGisi
   Gould Paper
   11 Madison Avenue
   New York, NY 10010
   Tel: (212) 301-0130
   Fax: (212) 547-3409

4) John R. Cumming, Jr.
   J&M Cumming Paper, Inc.
   673 So. 21ST Street
   Irvington, NJ 07111
   Tel: (973) 371-5151
   Fax: (973) 371-5252

5) Christopher Santomassimo, Esq.
   Agfa Corporation
   c/o Nicoll Davis & Spinella, LLP
   95 Rt. 17 South, Suite 203
   Paramus, NJ 07652
   Tel: (201) 712-1616
   Fax: (201) 712-9444

Roberta A. DeAngelis, United States Trustee for Region 3, held an
organizational meeting on October 8, 2010, at 9:30 a.m. in the
bankruptcy case of Dubrow.

Union, New Jersey-based Dubrow, Inc., t/a Prestige Graphics, filed
for Chapter 11 bankruptcy protection on September 27, 2010 (Bankr.
D. N.J. Case No. 10-39674).  Nancy Isaacson, Esq., at Greenbaum,
Rowe, Smith & Davis, LLP, assists the Debtor in its restructuring
effort.  The Debtor estimated its assets at $100,001 to $500,000
and debts at $1 million to $10 million.

Affiliate Dubrow, Inc. dba Prestige Graphics, filed a separate
Chapter 11 petition on September 3, 201 (Bankr. D. N.J. Case No.
10-37465).


ELIZABETH JOHNSON: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Elizabeth Lynn Johnson
          dba Johnson Rental Property
          aka Lisa Johnson
        622 River Knoll Drive
        Clayton, NC 27527

Bankruptcy Case No.: 10-08499

Chapter 11 Petition Date: October 15, 2010

Court: United States Bankruptcy Court
       Eastern District of North Carolina (Wilson)

Judge: J. Rich Leonard

Debtor's Counsel: Richard D. Sparkman, Esq.
                  RICHARD D. SPARKMAN & ASSOC., P.A.
                  P.O. Drawer 1687
                  Angier, NC 27501
                  Tel: (919) 639-6181
                  E-mail: rds@sparkmanlaw.com

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

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

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


ENERGY FUTURE: EFCH Unit Sees $3.7 Billion Net Loss for Q3
----------------------------------------------------------
Energy Future Competitive Holdings Company, a wholly owned
subsidiary of Energy Future Holdings Corp., said in a filing with
the Securities and Exchange Commission that it expects to report a
$3.727 billion net loss for the three months ended September 30,
2010, from a net loss of $75 million for the same period in 2009.

EFCH expects to report $2.607 billion operating revenues for the
third quarter 2010 from $2.433 billion operating revenues for the
same period a year ago.

Texas Competitive Electric Holdings Company LLC, a wholly owned
subsidiary of EFCH, is expected to have adjusted EBITDA of
$1.15 billion for the quarter from $1.108 billion for the same
period a year ago.

Preliminary net loss includes a preliminary approximately $4.1
billion non-cash goodwill impairment charge.  Remaining goodwill
after the charge is expected to total approximately $6.2 billion.
The charge is not deductible for income tax purposes. The goodwill
impairment charge reflects the estimated effect of lower wholesale
power prices on the value of TCEH, driven by the sustained decline
in forward natural gas prices, as indicated by EFCH's cash flow
projections and declines in market values of securities of
comparable companies.

EFCH's available liquidity at September 30, 2010, totaled
$3.1 billion as compared to $2.3 billion at December 31, 2009.

As of September 30, 2010, the TCEH Revolving Credit Facility
includes $229 million of commitments from an affiliate of Lehman
Brothers Holdings Inc. that is currently in bankruptcy that are
only available from the fronting banks and the swingline lender.

As reported by the Troubled Company Reporter, TCEH and TCEH
Finance, Inc., a wholly owned subsidiary of TCEH, on October 14,
2010, commenced a private offering of up to $300 million aggregate
principal amount of its Senior Secured Second Lien Notes due 2021,
Series B.

A full-text copy of Selected Preliminary Financial Data for
the Quarterly Period Ended September 30, 2010, is available
at http://ResearchArchives.com/t/s?6cba

                       About Energy Future

Energy Future Holdings Corp. is a privately held diversified
energy holding company with a portfolio of competitive and
regulated energy businesses in Texas.  Oncor, an 80%-owned entity
within the EFH group, is the largest regulated transmission and
distribution utility in Texas.  The Company delivers electricity
to roughly three million delivery points in and around Dallas-Fort
Worth.

EFH Corp. was created in October 2007 in a $45 billion leveraged
buyout of Texas power company TXU in a deal led by private-equity
companies Kohlberg Kravis Roberts & Co. and TPG Inc.

                          *     *     *

As reported by the Troubled Company Reporter on August 19, 2010,
Fitch Ratings downgraded the Issuer Default Ratings of Energy
Future Holdings Corp. and its subsidiaries Energy Future
Intermediate Holding Company LLC, Texas Competitive Electric
Holdings Company LLC, and Energy Future Competitive Holdings
Company by one notch to 'CCC' from 'B-'.

The downgrades of the IDRs of EFH and its non-ring-fenced
subsidiaries reflect large debt maturities occurring in 2014,
over-leveraged capital structure, cash flow dependence on the
forward natural gas NYMEX curve, which has been consistently
moving down since mid-2008, and the likely outcome of future debt
exchanges and amend-and-extend bank facility negotiations.  In
Fitch's view, potential defaults in 2011-2012 are considered more
likely to result from coercive debt exchanges and unlikely to
result from payment defaults.

The TCR on August 19 also reported that Moody's Investors Service
changed the probability of default rating for Energy Future
Holdings to Caa2/LD from Ca following the completion of a debt
restructuring which Moody's views as a distressed exchange.  EFH's
Caa1 CFR and SGL-4 liquidity rating are affirmed.  The rating
outlook remains negative.

EFH recently executed a debt restructuring which involved an
exchange of its 10.875% senior unsecured (guaranteed) notes due
2017 and its 11.25% / 12.00% senior unsecured PIK Toggle
(guaranteed) notes due 2017 for new 10.00% senior secured notes
due 2020 issued at EFIH, plus approximately $500 million in cash,
plus accrued interest.  These events had the effect of allowing
EFH to reduce its overall net debt by approximately $1.0 billion
and extend a portion of its maturities.  The transaction
crystallized losses for investors of approximately 30%.  Taken as
a whole, Moody's views the transaction as a distressed exchange
and has classified this transaction as a limited default by
appending an LD designation to the PDR.  In approximately three
business days, Moody's will remove the LD designation and
reposition the PDR to Caa2.

The affirmation of EFH's Caa1 CFR considers the very weak
financial profile, untenable capital structure, questionable long-
term business plan and material operating headwinds for the
company.  Moody's believes EFH has very little financial
flexibility.


ENERGY FUTURE: Sierra Club Sues Over Clean Air Act Violations
-------------------------------------------------------------
In September 2010, the Sierra Club sued Energy Future Holdings
Corp. and Luminant Generation Company LLC, a wholly owned
subsidiary of Texas Competitive Electric Holdings Company LLC,
under the Clean Air Act in the United States District Court for
the Eastern District of Texas (Texarkana Division) for alleged
violations of the CAA at Luminant's Martin Lake generation
facility.  In July 2008, the Sierra Club gave Luminant notice of
its intention to sue.

"While we are unable to estimate any possible loss or predict the
outcome of the litigation, we believe that the Sierra Club's
claims are without merit, and we intend to vigorously defend this
litigation," EFH Corp. says.

                       About Energy Future

Energy Future Holdings Corp. is a privately held diversified
energy holding company with a portfolio of competitive and
regulated energy businesses in Texas.  Oncor, an 80%-owned entity
within the EFH group, is the largest regulated transmission and
distribution utility in Texas.  The Company delivers electricity
to roughly three million delivery points in and around Dallas-Fort
Worth.

EFH Corp. was created in October 2007 in a $45 billion leveraged
buyout of Texas power company TXU in a deal led by private-equity
companies Kohlberg Kravis Roberts & Co. and TPG Inc.

                          *     *     *

As reported by the Troubled Company Reporter on August 19, 2010,
Fitch Ratings downgraded the Issuer Default Ratings of Energy
Future Holdings Corp. and its subsidiaries Energy Future
Intermediate Holding Company LLC, Texas Competitive Electric
Holdings Company LLC, and Energy Future Competitive Holdings
Company by one notch to 'CCC' from 'B-'.

The downgrades of the IDRs of EFH and its non-ring-fenced
subsidiaries reflect large debt maturities occurring in 2014,
over-leveraged capital structure, cash flow dependence on the
forward natural gas NYMEX curve, which has been consistently
moving down since mid-2008, and the likely outcome of future debt
exchanges and amend-and-extend bank facility negotiations.  In
Fitch's view, potential defaults in 2011-2012 are considered more
likely to result from coercive debt exchanges and unlikely to
result from payment defaults.

The TCR on August 19 also reported that Moody's Investors Service
changed the probability of default rating for Energy Future
Holdings to Caa2/LD from Ca following the completion of a debt
restructuring which Moody's views as a distressed exchange.  EFH's
Caa1 CFR and SGL-4 liquidity rating are affirmed.  The rating
outlook remains negative.

EFH recently executed a debt restructuring which involved an
exchange of its 10.875% senior unsecured (guaranteed) notes due
2017 and its 11.25% / 12.00% senior unsecured PIK Toggle
(guaranteed) notes due 2017 for new 10.00% senior secured notes
due 2020 issued at EFIH, plus approximately $500 million in cash,
plus accrued interest.  These events had the effect of allowing
EFH to reduce its overall net debt by approximately $1.0 billion
and extend a portion of its maturities.  The transaction
crystallized losses for investors of approximately 30%.  Taken as
a whole, Moody's views the transaction as a distressed exchange
and has classified this transaction as a limited default by
appending an LD designation to the PDR.  In approximately three
business days, Moody's will remove the LD designation and
reposition the PDR to Caa2.

The affirmation of EFH's Caa1 CFR considers the very weak
financial profile, untenable capital structure, questionable long-
term business plan and material operating headwinds for the
company.  Moody's believes EFH has very little financial
flexibility.


EQK BRIDGEVIEW: Taps Franklin Skierski as General Bankr. Counsel
----------------------------------------------------------------
EQK Bridgeview Plaza, Inc., asks for authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Franklin Skierski Lovall Hayward, LLP, as general bankruptcy
counsel.

Franklin Skierski will assist the Debtor in its restructuring
effort.

The hourly rates of Franklin Skierski's personnel are:

              Peter Franklin                    $400
              Doug Skierski                     $315
              Melissa Hayward                   $315
              Erin Lovall                       $315
              Robert Johnson                    $200
              Paralegal                         $150

Melissa S. Hayward, Esq., a partner at Franklin Skierski, assures
the Court that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

Dallas, Texas-based EQK Bridgeview Plaza, Inc., filed for Chapter
11 bankruptcy protection on October 4, 2010 (Bankr. N.D. Tex. Case
No. 10-37054).  According to its schedules, the Debtor disclosed
$76,458,815 in total assets and $74,763,048 in total liabilities.


EXTENDED STAY: JPMorgan, Deutsche Bank to Sell $2-Billion CMBS
--------------------------------------------------------------
J.P. Morgan Chase & Co. and Deutsche Bank AG are planning to sell
$2 billion of commercial mortgage-backed securities tied to
Extended Stay Inc.

The Wall Street Journal's Lingling Wei reports that people
familiar with the matter said JPMorgan and Deutsche Bank plan to
sell by the end of this month the loan they provided to a group
led by Centerbridge Partners LP, Paulson & Co. and Blackstone
Group LP to finance its $3.9 billion purchase of Extended Stay out
of bankruptcy-court protection.

The Extended Stay bond offering will follow a $3 billion offering
of Hilton Worldwide debt.  The Journal notes the Hilton deal stems
from Blackstone's $26 billion purchase of the hotel chain in
October 2007.  The Journal notes banks, including Goldman Sachs
Group Inc. and Bank of America Corp., provided $20 billion in
financing but were stuck holding the loans when debt markets
froze.   The sale, expected in the next two weeks, according to
the Journal's sources, will allow the two banks to sell the $3
billion in senior debt they still hold.

                       About Extended Stay

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

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

Extended Stay Inc. in October successfully emerged from Chapter 11
protection.  An investment group including Centerbridge Partners,
L.P., Paulson & Co. Inc. and Blackstone Real Estate Partners VI,
L.P.  has purchased 100 percent of the Company for $3.925 billion
in connection with the Plan of Reorganization confirmed by the
Bankruptcy Court in July.

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


FACE PROPERTIES: Case Summary & 15 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Face Properties Inc..
        9954 Johnnycake Ridge Road
        Concord Twp., OH 44077

Bankruptcy Case No.: 10-20181

Chapter 11 Petition Date: October 15, 2010

Court: United States Bankruptcy Court
       Northern District of Ohio (Cleveland)

Judge: Arthur I. Harris

Debtor's Counsel: Glenn E. Forbes, Esq.
                  COOPER & FORBES
                  166 Main St.
                  Painesville, OH 44077-3403
                  Tel: (440) 357-6211
                  E-mail: Bankruptcy@cooperandforbes.com

Scheduled Assets: $845,631

Scheduled Debts: $1,286,731

A list of the Company's 15 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ohnb10-20181.pdf

The petition was signed by Dennis M. Falvey, president.


FHC HEALTH: Moody's Upgrades Rating on $175-Mil. Loan to 'Ba3'
--------------------------------------------------------------
Moody's Investors Service upgraded the $175 million ($104 million
outstanding) first lien term loan of FHC Health Systems, Inc. to
Ba3 and concurrently affirmed the company's B2 corporate family
and probability of default ratings as well as the B3 rating on the
company's $89 million second lien term loan.  The rating outlook
is stable.

These rating actions were taken:

  -- Corporate family rating, affirmed at B2;

  -- Probability of default rating, affirmed at B2;

  -- $175 million ($104 million outstanding) first lien term loan,
     due December 2013, upgraded to Ba3 (LGD2, 27%) from B1 (LGD3,
     32%);

  -- $89 million second lien term loan, due June 2014, affirmed at
     B3 (LGD5, 77%).

                        Ratings Rationale

The B2 corporate family rating reflects the company's high revenue
concentration in its public sector division from which it derives
over 70% of its revenues.  Certain contracts in its public sector
division account for a considerable portion of total revenues and
the loss of a key contract could be materially adverse to FHC's
operations.  The B2 rating is supported by FHC's debt leverage,
interest coverage, and cash flow metrics that are currently strong
for the rating category.

The upgrade of the first lien term loan to Ba3 resulted from FHC
reducing the balance of its first lien term loan by $45 million in
the first half of 2010 by applying the proceeds from the receipt
of excess restricted cash as well as free cash flow toward
principal repayment.

The stable outlook is predicated on the company's ability to
maintain adjusted credit metrics that are strong for the B2
category given the inherent volatility in the business model.  The
stability of the ratings is also dependant on the maintenance of a
good liquidity profile (including positive free cash flow and
comfortable cushion under all financial covenants).

The outlook could be changed to negative or ratings downgraded if
FHC experiences large contract loss such that Moody's believe
normalized debt to EBITDA will exceed 4.5 times on a sustainable
basis or interest coverage is expected to decline below 1.5 times
on a sustainable basis.  Further, if the company were to
experience margin erosion beyond Moody's expectations due to
either the competitive environment or the difficult economy,
Moody's could downgrade the ratings.  Given the loss of the New
Mexico contract and some of the other industry headwinds, ratings
will remain sensitive to financial policy.

Positive rating action could be supported by reduced near-term
risk of large contract losses and increased consistency in free
cash flow generation.

FHC Health Systems, Inc., provides behavioral health care services
in the U.S. through its wholly owned subsidiary, ValueOptions,
Inc.  ValueOptions provides behavioral managed care programs to
the public sector, employer groups, health plans, and federal
agencies.  Headquartered in Norfolk, Virginia, FHC's revenues for
the trailing 12-month period ended June 30, 2010, were
$905 million.


FONTAINEBLEAU LV: ACP Amends Complaint Against BofA, et al.
-----------------------------------------------------------
ACP Master Ltd. and Aurelius Capital Master Ltd. filed with the
U.S. Bankruptcy Court a second amended complaint.  In their second
amended complaint, the Plaintiffs said they are bringing the
action against Defendants Bank of America, N.A., et al., because
the Defendants refused to fund the Revolving Loan when
Fontainebleau's Credit Agreement required them to do so, to the
detriment of the Plaintiffs' predecessors-in-interest.

Brett M. Amron, Esq., at Bast Amron, LLP, in Miami, Florida --
bamron@bastamron.com -- argues that the Defendants breached the
Credit Agreement because they failed to fund Fontainebleau's
notices of withdrawal.  He insists that BofA's failure to fulfill
its obligations as Bank Agent and Disbursement Agent by approving
Advance Requests constitutes a material breach of its obligations
under the Disbursement Agreement.

Mr. Amron tells the Court that the Plaintiffs have suffered injury
as a result of the breach because, as a result of BofA's approval
of the Advance Requests, the amount and value of the Plaintiffs'
and their predecessors-in-interests' collateral have been, and
continue to be, diminished.

Accordingly, the Plaintiffs ask the Court to enter judgment in
their favor; for compensatory damages in an amount to be proved at
trial; an award of costs and expenses; and pre-judgment and post-
judgment interest and court costs.

                     Corporate Disclosures

Pursuant to Rule 7.1 of the Federal Rules of Civil Procedure,
Plaintiff Caspian Solitude Master Fund, L.P. discloses that it is
a limited partnership formed under the laws of Delaware and its
sole general partner is Caspian Credit Advisors, LLC.  The
Investment Manager for Caspian Solitude is Mariner Investment
Group, LLC.

Mariner Investment tells the Court that it is unaware of any
publicly-held company that owns more than 10% of the limited
partnership interests of Caspian Solitude or Caspian Credit.

Plaintiffs Sola Ltd. and Solus Core Opportunities Master Fund Ltd.
jointly disclose that they are exempted companies with limited
liability incorporated under the laws of the Cayman Islands, whose
Investment Advisor is Solus Alternative Asset Management LP.

Sola and Solus say that they have no parent company and no
publicly-held company owns more than 10% of their shares.

            Court Refuses to Quash May 4 Subpoenas

United States Magistrate Judge Ted E. Bandstra denied the request
to quash the subpoenas dated May 4, 2010, served by Defendants JP
Morgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust
Company Americas and The Royal Bank of Scotland PLC.

The requesting parties are Fontainebleau Resorts LLC,
Fontainebleau Resorts Holdings LLC and Fontainebleau Resorts
Properties I LLC.

Judge Bandstra opined that the Fontainebleau Entities have failed
to meet their burden of demonstrating that compliance with the May
4 Subpoenas would be unreasonable and oppressive.

As a further basis for denial, the U.S. District Court for the
Southern District of Florida finds that the Fontainebleau Entities
failed to satisfy Rule 7.1(A)(3) of the Local Rules of the U.S.
District Court for the Southern District of Florida by not making
a good faith effort to resolve the issues prior to filing the
request.

Accordingly, Judge Bandstra directed the Fontainebleau Entities to
comply with the May 4 Subpoenas.

Prior to the entry of the order, the Defendants asked the Court to
deny the Motion to Quash.  They argued that the Court should
reject Fontainebleau's (i) attempt to evade its obligations to
respond to the May 4 Subpoenas, and (ii) conclusory assertions
that the May 4 Subpoenas are overbroad because the Subpoenas are
appropriately tailored to seek responsive materials, and the
Fontainebleau Entities made no attempt to meet and confer with the
Defendants regarding the scope of the Subpoenas.

             Resorts Responds to Document Request

Third Party Fontainebleau Resorts LLC filed a response to the Term
Lenders' document request dated April 22, 2010.  Fontainebleau
Resorts has sought and obtained more time to respond to the
Document Request.

Fontainebleau Resorts says it opposes the request because it seeks
production of documents in Los Angeles and Chicago, and that there
are no documents responsive to some of the requested documents,
among other grounds.

                  Term Lenders Seek Documents

The Term Lenders ask the Court to compel Fontainebleau Resorts to
produce all documents, including electronically stored
information, in response to the April 22 Subpoena, which seeks
documents regarding the Project, including communications between
Fontainebleau Resorts and the Debtors, construction documents and
documents regarding the Project's finances.

Lorenz Michel Pruss, Esq., at Dimond Kaplan & Rotherstein PA, in
Coconut Grove, Florida, argues that the sought documents are
relevant to understanding the course of the construction on the
Project, the use of funds disbursed under the credit agreement
relating to the Project, as well as the defaults and failed
conditions precedent under the Credit Agreement and the
Disbursement Agreement that form the basis for the Term Lenders'
claims against Bank of America N.A.

In response, Fontainebleau Resorts relates that there are three
computer servers, which are likely to contain information
responsive to the April 22 Subpoena.  Fontainebleau Resorts
asserts that while it owns the servers, it does not own all of the
information on the servers, and that it has entered into an oral
agreement with each entity that has information on the servers,
which requires that each entity will be given a certain amount of
time to determine what information on the servers (i) belongs to
them and (ii) is privileged.  Once any ownership disputes are
resolved, each entity will undertake to produce all documents that
belong to them.

Due to the complexities caused by dealing with multiple parties,
who have a stake in the document production at issue,
Fontainebleau Resorts asks the Court to deny the Term Lenders'
Motion to Compel and refer the matter to a General Magistrate to
conduct an evidentiary hearing and to set reasonable time frames
for Fontainebleau Resorts to produce documents responsive to the
April 22 Subpoena.

However, the Court granted the Motion to Compel and directed
Fontainebleau Resorts to produce all non-privileged documents
subject to the subpoena and to provide the Term Lenders with a
privilege log.

              Fontainebleau Should be Sanctioned,
                     Terms Lenders Assert

The Term Lenders tell the Court that Fontainebleau Resorts failed
to comply with the order to produce to them all non-privileged
documents in response to the April 22 Subpoena.

Having exhausted all other remedies to enforce their subpoena, the
Term Lenders now ask the Court to hold Fontainebleau Resorts in
contempt, and direct it to (i) immediately produce for inspection
all responsive documents, (ii) pay the Term Lenders' fees and
costs incurred in extracting responsive documents from the servers
pursuant to the search terms and parameters the parties have
already agreed upon, and (iii) pay the Term Lenders' fees and
costs incurred in bringing the Motion to Sanction and the Motion
to Compel.

                  Scoggin Added as Plaintiffs

The parties to the action entitled Avenue CLO Fund, Ltd., et al.
v. Bank of America, N.A., et al., No. 09-cv-23835-ASG, obtained
the Court's permission to add Scoggin Capital Management II LLC,
Scoggin International Fund Ltd., and Scoggin Worldwide Fund Ltd.
as Plaintiffs to their action without the need to file a separate
complaint.  The new Plaintiffs will be bound by all existing case
deadlines.

Pursuant to Rule 7.1 of the Federal Rules of Civil Procedure,
Scoggin discloses that:

  -- Scoggin Capital is a limited liability company formed under
     the laws of Delaware, whose Investment Advisor is Scoggin
     LLC;

  -- Scoggin International is a limited liability company formed
     under the laws of the Cayman Islands, whose Investment
     Advisor is Scoggin LLC;

  -- Scoggin Worldwide is a limited liability company formed
     under the laws of the Cayman Islands, whose Investment
     Manager is Old Bellows Partners LP; and

  -- The Scoggin Plaintiffs have no parent company and no
     publicly-held company owns more than 10% of their shares.

                        Kapila's Report

In compliance with the Court's directive, the Chapter 7 Trustee,
Soneet R. Kapila, says that he has not been able to settle Case
No. 09-cv-21879-ASG, Fontainebleau Las Vegas LLC vs. Bank of
America, N.A., et al.

Mr. Kapila reports that he does not intend to pursue the claims on
Counts I and VII that have been fully decided by the Court's
claim-dispositive August 26 order and that he will ask the Court
to enter judgment as to those claims.  The claim in Counts I and
VII in the amended complaint in the adversary proceeding against
the Revolver Banks is based on Fontainebleau's Notices of
Borrowing dated March 2, 2009, and the turnover claim.

The Chapter 7 Trustee also reports that, prior to seeking the
entry of judgment on Counts I and VII, he intends to seek consent
from all parties or leave of Court to withdraw Counts II through
IV of the Amended Complaint, and to dismiss Fontainebleau's Counts
I and VII with prejudice.  Following dismissal, Mr. Kapila reveals
that he will ask the Court to cause a final judgment to be entered
against him in accordance with its dismissal order, from which he
may appeal.

Mr. Kapila subsequently sought and obtained a Court order and
final judgment dismissing Counts II through VI and Counts I and
VII, without prejudice to the right to appeal.  He also filed his
plan for the retention and preservation of documents, pursuant to
which he assures the Court that he and his professionals will
preserve all Fontainebleau documents, data, and tangible things
currently in their possession or that subsequently come into their
possession, so as to enable the preservation of evidence that may
be subject to discovery.

In light of Mr. Kapila's report, the Term Lender Plaintiffs and
Defendant Bank of America, N.A., jointly ask that these dates be
extended to give them sufficient time to review documents that
have yet to be produced by certain Fontainebleau-related entities,
including the Chapter 7 Trustee on behalf of Fontainebleau Las
Vegas Holdings, LLC:

Current Date   Proposed Date   Event
------------   -------------   -----
11/29/2010      01/15/2011    Plaintiff will furnish opposing
                               counsel with a written list
                               containing the names and
                               addresses of all expert witnesses
                               intended to be called at trial
                               and only those expert witnesses
                               so listed will be permitted to
                               testify.

12/31/2010      02/15/2011    Defendant will furnish opposing
                               counsel with a written list
                               containing the names and
                               addresses of all expert witnesses
                               intended to be called at trial
                               and only those expert witnesses
                               so listed will be permitted to
                               testify.

Rather than impose certain delay based upon an uncertain outcome
and impact of the Chapter 7 Trustee's appeal, the Term Lenders
submit that it will be substantially more efficient and cost-
effective to permit both tracks to go forward simultaneously and
address any issues that may arise in the future in light of the
actual facts and developments at that time.

Defendant Bank of America also argue that deposition discovery
should be stayed until the appeal is resolved because (i) the
appeals' outcome will have a direct impact on the Term Lenders'
remaining claim that it breached its duties as Disbursement Agent,
and (ii) because numerous party and non-party witnesses will need
to be deposed a second time if the appeals are successful.

Consequently, Judge Gold approved the proposed extended dates.
Judge Gold, however, refused to grant a stay saying the appeal of
the claims relating to the Credit Agreement does not support the
imposition of a stay.

               Term Lenders Seek Final Judgment

The Term Lenders, which include all of the Plaintiffs in the
Second Amended Complaint in Avenue CLO Fund, Ltd., et al v. Bank
of America, N.A., et al, No. 09-cv-23835-ASG, and the Amended
Complaint in ACP Master, Ltd., et al v. Bank of America, N.A., et
al, No. 10-cv-20236-ASG, jointly ask the Court to enter partial
final judgment under Rule 54(b) of the Federal Rules of Civil
Procedure so that they may take an appeal of their claims seeking
damages from the Revolving Lenders for their refusal to fund their
commitments under a credit agreement to finance the construction
of the Fontainebleau Casino and Resort.

On May 28, 2010, the Court dismissed with prejudice all of the
Term Lender claims seeking damages from the Revolving Lenders for
their refusal to fund their commitments.  The May 28 Order fully
resolved the merits of the Term Lender claims against the
Revolving Lenders for their refusal to fund their commitments
under the Credit Agreement, leaving only claims against Bank of
America, N.A., in its role as Bank Agent and Disbursement Agent
for the Lenders.

Thereafter, the Court dismissed all of the claims brought by the
Chapter 7 Trustee in the related adversary proceeding, No. 09-cv-
21879-ASG, including the Chapter 7 Trustee's own claim against the
Revolving Lenders for their refusal to provide funds.  The Court
entered judgment, so the Chapter 7 Trustee may appeal dismissal of
that claim as of right.  The Chapter 7 Trustee has indicated that
he will appeal.

Because of the substantial identity of issues in the Term Lenders'
and the Chapter 7 Trustee's claims against the Revolving Lenders,
the Eleventh Circuit should consider the Term Lenders' claims
against the Revolving Lenders at the same time, the Term Lenders
tell the Court.  Therefore, the Term Lenders ask the Court to
enter partial final judgment so that they may take an appeal, at
the same time as the Chapter 7 Trustee, of their claims seeking
damages from the Revolving Lenders.

                   Camulos Replaces Counsel

Nicholas J. Santoro, Esq., at Santoro, Driggs, Walch, Kearney,
Holley & Thompson, in Las Vegas, Nevada -- Nsantoro@nevadafirm.com
-- tells the Court that although he and his firm represent
Defendant Camulos Master Fund, L.P., before its case was
consolidated in the MDL, he is not Camulos' attorney of record in
the MDL proceeding and may be removed from the Court's service
list.

Camulos continues to be represented in the MDL by Andrew
Kratenstein, Esq., at McDermott, Will & Emery, in New York --
akratenstein@mwe.com -- Mr. Santoro says.

                         *     *     *

Judge Alan S. Gold entered an amended protective order to govern
discovery and the use of discoverable materials or information in
the MDL cases and in any other related proceeding.  The Protective
Order was re-entered to include additional exhibits.

                   About Fontainebleau Las Vegas

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

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

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

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


FOURTH QUARTER: Creditor BALC Wants Reorganization Case Dismissed
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia
will convene a hearing on November 2, 2010, at 10:00 a.m., to
consider Banc of America Leasing & Capital, LLC's motion to
dismiss the Chapter 11 case of Fourth Quarter Properties 166, LLC.
Objections, if any, are due at least two business days before the
hearing.

Secured creditor BALC sought for the dismissal of the Debtor's
Chapter 11 case, or, in the alternative, (ii) relief from the
automatic stay to permit BALC to pursue the Replevin Action and
sell, lease or otherwise dispose of the Aircraft, and (b) adequate
protection to BALC.

The Debtor is a limited liability company with only one member,
Beehawk Aviation, Inc.  The Debtor's sole asset is that certain
Gulfstream Aerospace G550 aircraft, engines and related personalty
aircraft, which was financed by BALC.

As of August 3, the Debtor's outstanding obligations to BALC under
the Loan included a principal balance of $41,350,000, accrued but
unpaid interest in the amount of $129,397, plus fees, expenses and
other costs reimbursable under the loan.  The loan was secured by
the Aircraft.  The Debtor has not made a single postpetition
payment to BALC, and the Indebtedness continues to increase.

BALC explained that the Debtor's bankruptcy filing was to delay a
replevin action by an equipment lender commenced over two months
ago and a subsequent public sale in accordance with the applicable
Uniform Commercial Code.

Banc of America is represented by:

     Thomas R. Walker, Esq.
     C. Jordan Myers, Esq.
     THE PROSCENIUM
     1170 Peachtree Street NE, Suite 2100
     Atlanta, Georgia 30309
     Tel: (404) 443-5705
     Fax: (404) 443-5763
     E-mail: trwalker@mcguirewoods.com

             About Fourth Quarter Properties 166, LLC

Newnan, Georgia-based Fourth Quarter Properties 166, LLC, filed
for Chapter 11 protection on August 3, 2010 (Bankr. N.D. Ga. Case
No. 10-12920).  Austin E. Carter, Esq., at Stone & Baxter, LLC,
assists the Debtor in its restructuring effort.  The Debtor
estimated assets at $10 million to $50 million and debts at
$50 million to $100 million in its Chapter 11 petition.

The Debtor's affiliates -- Fourth Quarter Properties 118, LLC
(Case No. 09-13960), Fourth Quarter Properties 140, LLC (Case No.
09-13961), Fourth Quarter Properties 161, LP (Case No. 09-13962),
Fourth Quarter Properties 162, LP (Case No. 09-13963), and Fourth
Quarter Properties XLVII, LLC (Case No. 09-13959) -- filed
separate Chapter 11 petitions on November 2, 2009.


GENERAL GROWTH: Files Registration Statement on Form S-11
---------------------------------------------------------
BankruptcyData.com reports that General Growth Properties
announced its subsidiary, New GGP, Inc., filed an amended
registration statement on Form S-11 with the SEC.  GGP has revised
its previously contemplated offering of mandatorily exchangeable
notes prior to the Company's emergence from bankruptcy to a post-
emergence offering of common stock.  The Company currently expects
to emerge from bankruptcy by November 8, 2010.

"With this amended S-11 filing, we draw even closer to the
completion of the successful restructuring of General Growth
Properties," said Adam Metz, chief executive officer of GGP.

Previously, on October 11, 2010, GGP gave notice to The Fairholme
Funds, Pershing Square Capital Management and Teacher Retirement
System of Texas that New GGP preserved the right to repurchase
within 45 days after emergence up to 155 million shares of New GGP
common stock to be issued to The Fairholme Funds and Pershing
Square and up to approximately 24.4 million shares of New GGP
common stock to be issued to Teacher Retirement System of Texas
with the proceeds of the offering.

                         About General Growth

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

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

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


GENTA INC: Wins FINRA Nod to Revert Trading Symbol to GNTA.OB
-------------------------------------------------------------
Genta Incorporated said that the Financial Industry Regulatory
Authority has granted the Company's request that the trading
symbol for the Company's common stock revert to GNTA.OB, which
will replace the current symbol, GETA.OB that has been employed
since July 2009.  The symbol change will become effective as of
the opening of business on Monday October 18, 2010.

                            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.


GUANGZHOU GLOBAL: June 30 Balance Sheet Upside-Down by $3.5MM
-------------------------------------------------------------
Guangzhou Global Telecom, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $1.25 million on $9.19 million of
revenue during the three months ended June 30, 2009, as compared
to a net loss of $88,042 on $3.80 million of revenue during the
same period last year.

The Company's SG&A expenses were $1.47 million during the three
months ended June 30, 2010, as compared to $130,717 during the
same period of 2009.

The Company's balance sheet at June 30, 2010, showed $1.83 million
in total assets, $5.38 million in total liabilities, and a
stockholders' deficit of $3.55 million.

As of June 30, 2010, the Company has an accumulated deficit of
$6.53 million, has difficulty paying the PRC government Value
Added Tax, and, as of July 30, 2010, has not paid the sum of
$1.30 million owed to the holders of its convertible debentures
pursuant to a settlement agreement.

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

               http://researcharchives.com/t/s?6cb1

                      About Guangzhou Global

Tallahassee, Fl.-based Guangzhou Global Telecom, Inc., was
incorporated as Avalon Development Enterprises, Inc., on March 29,
1999, under the laws of the State of Florida.  The Company,
through its subsidiaries, is now principally engaged in the
distribution and trading of rechargeable phone cards, cellular
phones and accessories within cities in the People's Republic of
China.


GULFSTREAM CRANE: Files Amended Plan of Liquidation
---------------------------------------------------
Gulfstream Crane, LLC, submitted to the U.S. Bankruptcy Court for
the Southern District of Florida a proposed Plan of Liquidation,
amended as of October 12, 2010.

As reported in the Troubled Company Reporter on July 21, the
Debtor relates that the Plan will represent a request to sell
all of its right, title and interest in and to the assets to the
designee of Prophet Equity LP, free and clear of claims, liens,
interests and encumbrances.  The confirmation order will
constitute approval of the sale.

The Debtor's remaining assets will either be surrendered to the
secured creditor, or conveyed to the liquidating trustee.

All distributions will be made by Newco, the Plan administrator,
or the liquidating trustee, to the holde of each allowed claim

Under the Plan, unsecured claims will receive a pro rata share of
the Liquidating Trust Units.

Equity interests will not retain any equity interest under the
Plan, and will not receive any property or other distribution
under the plan.  Equity interests will be cancelled.

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

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

                      About Gulfstream Crane

Pompano Beach, Florida-based Gulfstream Crane, LLC -- dba General
Crane -- is engaged primarily in the business of supplying and
renting crane, hoist and rigging equipment.  The Company operates
and maintains facilities in Florida, Georgia and Texas.

The Company filed for Chapter 11 bankruptcy protection on
December 8, 2009 (Bankr. S.D. Fla. Case No. 09-37091).  Michael D.
Seese, Esq., who has an office in Fort Lauderdale, Florida,
assists the Debtor in its restructuring effort.  The Company
estimated its assets and debts at $50 million to $100 million.


GULFSTREAM CRANE: U.S. Trustee Wants Case Dismissed or Converted
----------------------------------------------------------------
Donald F. Walton, the U.S. Trustee for Region 21, asks the U.S.
Bankruptcy Court for the Southern District of Florida to dismiss
Gulfstream Crane, LLC's Chapter 11 case, or in the alternative,
convert it into one under Chapter 7 of the Bankruptcy Code.

The U.S. Trustee explains that there is no point in going all the
way through a Chapter 11 bankruptcy case, when the Debtor can
instead merely turn over its assets to its creditors, thereby
saving $314,755 (so far) in fees.

The U.S. Trustee adds that there is an absence of a reasonable
likelihood of rehabilitation, as evidenced by the Debtor's filing
a Liquidating Plan.

                      About Gulfstream Crane

Pompano Beach, Florida-based Gulfstream Crane, LLC -- dba General
Crane -- is engaged primarily in the business of supplying and
renting crane, hoist and rigging equipment.  The Company operates
and maintains facilities in Florida, Georgia and Texas.

The Company filed for Chapter 11 bankruptcy protection on
December 8, 2009 (Bankr. S.D. Fla. Case No. 09-37091).  Michael D.
Seese, Esq., who has an office in Fort Lauderdale, Florida,
assists the Debtor in its restructuring effort.  The Company
estimated its assets and debts at $50 million to $100 million.


HARRISBURG PA: Gets Proposals From 5 Bankruptcy Advisers
--------------------------------------------------------
Dow Jones' Small Cap reports that the city of Harrisburg, Pa., has
received proposals from five firms that would advise
Pennsylvania's capital on bankruptcy, according to the city
council clerk on October 19, 2010.  The report relates that firms
had until 4:00 p.m. EDT to submit their proposals.

According to the report, the city council had authorized the
search for firms to advice on bankruptcy, as well as the state's
oversight program for distressed municipalities, late last month.
Public interviews of candidates would occur next week.  The report
notes names of the firms are not being released by the clerk
before the city council reviews them.

Mayor Linda Thompson is opposed to filing for bankruptcy and has
applied for the state's oversight program, known as Act 47, the
report says.

Dow Jones says that a hearing on the application will be held in
the city Wednesday evening.  But Councilman Brad Koplinski on
Tuesday wrote to the state requesting the hearing be postponed to
the week of November 29 to give time for the council to hire its
adviser, the report adds.

                    About Harrisburg, PA

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

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

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


HILTON WORLDWIDE: BofA, Goldman Selling $3-Billion CMBS
-------------------------------------------------------
Banks are planning to sell $3 billion of commercial mortgage-
backed securities tied to Hilton Worldwide.

According to The Wall Street Journal's Lingling Wei, the Hilton
deal stems from Blackstone Group LP's $26 billion purchase of the
hotel chain in October 2007.  The Journal notes banks, including
Goldman Sachs Group Inc. and Bank of America Corp., provided
$20 billion in financing but were stuck holding the loans when
debt markets froze.  The Journal relates people familiar with the
matter said the sale, expected in the next two weeks, will allow
the two banks to sell the $3 billion in senior debt they still
hold.

The Journal says the Hilton bond offering will follow a $2 billion
offering of Extended Stay Inc. debt.  Sources told the Journal
JPMorgan Chase & Co. and Deutsche Bank AG plan to sell by the end
of this month the loan they provided to a group led by
Centerbridge Partners LP, Paulson & Co. and Blackstone Group LP to
finance its $3.9 billion purchase of Extended Stay out of
bankruptcy-court protection.

The Journal's Ms. Wei reports that Blackstone completed
restructuring Hilton in April, cutting its $20 billion debt load
by nearly $4 billion.  Under that plan, Blackstone bought back
$1.8 billion of mezzanine, or junior, debt on Hilton for $800
million, converted $2.1 billion of other debt issues to preferred
equity and extended the loan maturity to November 2015.

Ms. Wei says the restructuring put Hilton on stronger ground as
the debt markets healed.

According to Ms. Wei, the Federal Reserve benefited from the
Hilton restructuring.  The Fed, Ms. Wei relates, became Hilton's
largest creditor in March 2008 when it assumed roughly $4 billion
of Hilton debt from Bear Stearns Cos. to broker the sale of the
collapsed investment bank to JPMorgan.  As part of the
restructuring, the Fed sold $320 million of the mezzanine debt
back to Blackstone for about $180 million.  The Fed took the loss
upfront in the expectation that it would be made whole on its
holdings of Hilton debt, in large part because the restructuring
boosted the value of Hilton's existing debt.  The Fed likely will
fully recoup its Hilton debt holdings, according to the report.

According to the Journal, people familiar with the matter said the
Hilton offering likely will leave the banks whole on their
investments, which few would have predicted during the crisis when
the loans were trading as low as 70 cents on the dollar.

Representatives at Goldman, Bank of America and Blackstone
declined to comment, the Journal notes.

Hilton Worldwide -- http://www.hiltonworldwide.com/-- operates
more than 3,400 hotels in 79 countries.  Its portfolio of hotel
brands includes the Waldorf Astoria, Conrad, Hilton, Doubletree,
Embassy Suites, Hilton Garden Inn, Hampton Inn & Suites, Homewood
Suites by Hilton, Home2 Suites by Hilton and Hilton Grand
Vacations.


HOWARD SCOTT ROSS: Chapter 11 Reorganization Case Dismissed
-----------------------------------------------------------
The Hon. Jack Caddell of the U.S. Bankruptcy Court for the
Northern District of Alabama dismissed the Chapter 11 case of
Howard Scott Ross for failure to obtain a supersedeas bond.

The Bankruptcy Court previously ordered that if the Debtor failed
to obtain a supersedeas bond in the pending state court case
between the Debtor and creditors Shauli Rosen-Rager and Renee
Rosen-Rager, the Chapter 11 case would be dismissed.

Howard Scott Ross operates a residential property rental business
in Madison County, Alabama.  He primarily buys rental property at
the Madison County Tax Assessor's real property sale in May of
each year.  Most of the properties are distressed and need repair
at the time of purchase.

Mr. Ross filed for Chapter 11 bankruptcy protection on February 5,
2010 (Bankr. N.D. Ala. Case No. 10-80416).  Patrick A. Jones,
Esq., who has an office in Huntsville, Alabama, assisted the
Debtor in his restructuring effort.  The Debtor disclosed
$2,115,298 in assets and $586,000 in debts.


INNKEEPERS USA: Judge Denies Preferred Shareholders' Committee
--------------------------------------------------------------
An ad hoc committee of preferred shareholders asked the U.S.
Bankruptcy Court to direct the appointment of a statutory
committee of preferred shareholders for Innkeepers USA Trust and
its units pursuant to Section 1102(a)(2) of the Bankruptcy Code.

Representing the Ad Hoc Committee, Martin J. Bienenstock, Esq., at
Dewey & LeBoeuf LLP, in New York, contended that the Preferred
Shareholders are not contractually or structurally subordinate to
all creditors of each of the Debtors.  Rather, he asserts, the
Preferred Shareholders are entitled to the value of each Debtor
having value, notwithstanding that other Debtors may be unable to
pay in full all their respective creditors.  Hence, he insists
that appointment of a statutory equity committee is necessary to
provide adequate representation of Preferred Shareholders in each
of the Debtors' Chapter 11 cases.

The Ad Hoc Committee argued that preferred shareholders' interest
in the cases appears to be $55 million, and potentially more: (a)
$7.4 million is sitting in a bank account controlled by
Innkeepers above the corporate level where the blanket mortgagees
and trade creditors hold claims, (b) as set forth in the
Declaration of Anders Maxwell in support of the Motion,
approximately $47.5 million in implied equity value exists in the
Unencumbered Debtors, and (c) the value of controlling all the
hotels having mortgage debt written down to their collateral
values.

Bankruptcy Judge Shelley Chapman denied the Ad Hoc Committee's
request holding that evidence presented "is insufficient to
satisfy the shareholders burden," needed to form an official
committee, Joseph Checkler of Dow Jones Daily Bankruptcy Review
reported.  Judge Chapman, according to the report, has also noted
that the shareholders have access to adequate representation.

The Debtors opposed the preferred shareholders' request, noting
that although they intend to work constructively with the
Preferred Shareholder Group, there is no basis for the appointment
of an official equity committee, the Debtors contend.  The Debtors
assert that there is much less than a substantial likelihood of
Preferred C Shareholders receiving a meaningful recovery in the
Chapter 11 cases.

The Official Committee of Unsecured Creditors also argued that the
Ad Hoc Committee's request should be denied because the Debtors'
solvency is highly questionable and there does not appear to be a
substantial likelihood of recovery for the preferred
shareholders.

Midland Loan Services, Inc., contends that the Ad Hoc Committee
has not met the criteria for the formation of an equity
committee.  In particular, the administrative costs of an equity
committee outweigh the benefits of representation of a limited
number of parties with a narrow economic interest, and the costs
of the bankruptcy cases are large that any distribution to
preferred shareholders will be negligible, argues Lenard Parkins,
Esq., at Haynes and Boone, LLP, in New York.

Other parties-in-interest like Lehman Inc. and the Property Level
Lenders -- Wells Fargo Bank, N.A., and U.S. Bank National
Association -- also asked the Court to deny the request.

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affilaites filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.


INNKEEPERS USA: Court Denies Preferreds' Plea for Examiner
----------------------------------------------------------
Bankruptcy Judge Shelley Chapman denied a request by ad hoc
committee of preferred shareholders for an examiner in Innkeepers
USA Trust's Chapter 11 cases, Joseph Checkler of Dow Jones Daily
Bankruptcy Review reported.  "I find there is no basis to appoint
an examiner," Dow Jones quoted Judge Chapman as saying.  She added
that if future evidence is uncovered, the Ad Hoc Committee "could
take another run at it."

On behalf of the Ad Hoc Committee, Martin J. Bienenstock, Esq., at
Dewey & LeBoeuf LLP, in New York, contended that the Debtors'
creditors and preferred shareholders deserve an investigation and
a public report of, among other things, the Debtors' antics.

"The Debtors' clear attempt to mislead parties as to the true
nature of the Debtors' assets and liabilities, coupled with the
fact that the Debtors made no effort prior to the Ad Hoc
Committee's requesting appointment of a statutory committee to
market test the value of their assets, whether in whole or in
part, demonstrate further why appointment of an examiner under
Bankruptcy Code section 1104(c)(1) is in the best interests of
the estate," Mr. Bienenstock argued.

The Debtors, however, countered that the Court should deny the
request because nothing in the Bankruptcy Code mandates
appointment of an examiner, especially here when the debt
threshold set forth in the statute is not satisfied and the
request is brought by an out of the money constituency, who seeks
to examine primarily plan confirmation issues that will already be
subject to close investigation and scrutiny as part of that
process.

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affilaites filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.


INNKEEPERS USA: Wins Nod of Marriott Agreements
-----------------------------------------------
Innkeepers USA Trust and its units received the Bankruptcy Court's
authority to assume an agreement for adequate assurance of
completion of certain property improvement programs (PIPs) and
assumption of agreements, dated June 25, 2010, between the Debtors
and Marriott International, Inc.

The Adequate Assurance Agreement extends the Debtors' deadlines to
comply with certain property improvement plans required under
applicable franchise agreements with Marriott.  Previously,
Marriott had issued notices of default with respect to 23 out of
the Debtors' 44 franchise agreements with Marriott relating to the
Debtors' failure to perform certain PIP obligations.

After the Debtors filed the Chapter 11 cases, a dispute between
the Debtors and Marriott arose over the treatment of a franchise
agreement for one of the Debtors' hotels located in Troy,
Michigan, which was not covered by the Adequate Assurance
Agreement.  The parties subsequently filed a sealed stipulation to
settle Marriott's motion for limited modification of the automatic
stay.

In consideration for the provisions of the stipulation, the
Debtors agreed to seek authority from the Court to assume the
Adequate Assurance Agreement, which provides that, for so long as
the Debtors are in compliance with the parties' PIP completion
schedule, Marriott will:

  (a) forbear from exercising its remedies under its franchise
      agreements with the Debtors arising out of or in
      connection with its default letters, as defined in the
      Adequate Assurance Agreement; and

  (b) forbear from seeking relief from the automatic stay to
      exercise those remedies.

In addition, Marriott agreed to consent to the Debtors' assumption
of (i) those defaulted franchise agreements, excluding the Troy
Central Franchise Agreement, if and when the Debtors complete the
PIP for the particular Marriott hotel, and (ii) all Marriott
franchise agreements, both defaulted and non-defaulted franchise
agreements, again excluding the Troy Central Franchise Agreement,
if the Debtors comply with the PIP Completion Schedule as of the
time the Debtors file a disclosure statement in the Chapter 11
Cases.

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affilaites filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.


INTELLIGENT COMMUNICATION: Posts $908,700 Net Loss in Q2 2010
-------------------------------------------------------------
Intelligent Communication Enterprise Corporation filed its
quarterly report on Form 10-Q, reporting a net loss of $908,674 on
$1.86 million of revenue for the three months ended June 30, 2010,
compared with a net loss of $646,142 on $1.89 million of revenue
for the same period last year.

As of June 30, 2010, the Company's current assets were
$3.60 million, as compared to $2.77 million at December 31, 2009.
As of June 30, 2010, the Company's current liabilities were
$6.69 million, as compared to $6.25 million at December 31, 2009.

The Company's balance sheet at June 30, 2010, showed
$10.60 million in total assets, $6.69 million in total
liabilities, and stockholders' equity of $3.91 million.

Peterson Sullivan LLP, in Seattle, Washington, expressed
substantial doubt about the Company's ability to continue as a
going concern, following the Company's results for 2009.  The
independent auditors noted that the Company has not generated
revenues or positive cash flows from operations and has an
accumulated deficit at December 31, 2009.

                 About Intelligent Communication

Headquartered in Singapore, Intelligent Communication Enterprise
Corporation (OTC BB: ICMC) -- http://www.icecorpasia.com/--
was incorporated in the State of Pennsylvania.  The Company offers
a range of innovative enterprise and consumer solutions over the
mobile phone.  The Company operates in three business segments --
iCEmms or Mobile Messaging Services, iCEsync or Multimedia
Solutions to Mobile Communities, and iCEmat or Mobile
Authentication Technologies.


INTERSTATE BAKERIES: PBGC to Pay Pensions Under ABA Plan
--------------------------------------------------------
The Pension Benefit Guaranty Corporation will assume
responsibility for the pensions of almost 1,500 current and former
employees of Interstate Bakeries Corp., now known as Hostess
Brands Inc., headquartered in Irving, Tex., with operations based
in Kansas City, Mo.  These workers and retirees earned benefits
under the American Bakers Assn. Retirement Plan, an ongoing
multiple-employer pension plan that IBC had contributed to until
2008.

On October 13, 2010, at the request of the ABA Plan trustees, the
PBGC divided the ABA Plan's assets and benefit liabilities between
IBC employees and those who are, or were employed by the ABA
Plan's other contributing employers.  This division established
the IBC Portion of the American Bakers Assn. Retirement Plan.

The IBC Portion will terminate as of October 20, 2010, and the
PBGC will become responsible for the portion's entire $82.5
million unfunded benefit liability.  The IBC Portion has no
assets, as there were no funds in the ABA Plan attributable to IBC
employees when the PBGC divided it.

The IBC Defined Benefit Plan, a separate pension plan sponsored by
Hostess Brands Inc., remains ongoing and is not affected by the
division of the ABA Plan or the termination of the IBC Portion.

The PBGC will use insurance funds to pay guaranteed benefits
earned by IBC employees under the ABA Plan.  IBC retirees and
beneficiaries who earned benefits under the ABA Plan will continue
to receive their monthly benefit checks without interruption, and
other IBC workers who earned benefits under the ABA Plan will
receive their pensions when they are eligible to retire.

Under federal pension law, the maximum guaranteed pension at age
65 for IBC employees who earned benefits under the ABA Plan is
$54,000 per year.  The maximum guaranteed amount is lower for
those who retire earlier or elect survivor benefits.  In addition,
certain early retirement subsidies and benefit increases made
within the past five years may not be fully guaranteed.

The PBGC will not have specific information about benefits for IBC
employees who earned benefits under the ABA Plan until the agency
becomes the trustee of the IBC Portion.  At that time, the agency
will send notification letters to all IBC employees who earned
benefits under the ABA Plan.  Workers and retirees with general
questions about the PBGC and its benefit guarantees may consult
the PBGC Web site, http://www.pbgc.gov/

Retirees of the IBC Portion who draw a benefit from the PBGC may
be eligible for the federal Health Coverage Tax Credit.  Further
information may be found on the PBGC Web site at
http://www.pbgc.gov/workers-retirees/benefits-
information/content/page13692.html

Assumption of the IBC Portion's unfunded liabilities will have no
significant effect on the PBGC's financial statements in FY 2011
because the claim will be included in the agency's fiscal year
2010 financial statements, in accordance with generally accepted
accounting principles.

The PBGC is a federal agency that guarantees payment of private
pension benefits when companies and plans fail. It protects some
44 million Americans in over 29,000 private defined benefit
pension plans. PBGC pays benefits using insurance premiums and
assets and other recoveries from plans and their sponsors; it
receives no taxpayer funds.

                  About Interstate Bakeries

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

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

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

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

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

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


KLCG PROPERTY: Unable to Effectuate Plan; Wants Case Dismissed
--------------------------------------------------------------
KLCG Property, LLC and Gurnee Property, LLC, ask the U.S.
Bankruptcy Court for the District of Delaware to:

   -- dismiss their Chapter 11 cases; and

   -- approve procedures for distribution of funds for the benefit
      of unsecured creditors.

The Debtors explain that it is not possible for them to confirm a
Plan because they have liquidated all of their assets, have no
unencumbered funds and cannot bear the administrative expense of
effectuating a plan of reorganization.

The salient terms of the settlement and payment as agreed upon by
the purchaser - Dougherty Funding LLC, the Official Committee of
Unsecured Creditors and the Debtors, includes:

   a) Payment for the benefit of unsecured creditors and valid
      503(b)(9) claims to Debtors' estates.  On the closing date,
      the Debtors' estates received $195,000 from the purchaser.

   b) The purchaser agrees that the Debtors' counsel can use up to
      the full amount of their allocated portion of the carve out,
      to reconcile claims made against the estates, distribute
      funds, and dismiss the Chapter 11 cases.  The Committee will
      continue to exist through dismissal, but only in an
      oversight capacity.  Unused amounts under the Debtor'
      professionals' allocated portion of the carve out, if any,
      will be an asset of the KLCG Property, LLC's estate and
      distributed with the payment.

   c) Funding of the unused portion of the carve out.  At the
      closing date, the purchaser deposited into the trust account
      of von Briessen & Roper, s.c. an amount sufficient to full
      fund amount of the carve out that had not been previously
      funded, including UST fees.

The Debtors propose a hearing on their request to dismiss their
cases on November 3, 2010, at 3:00 p.m. (ET).  Objections, if any,
are due October 27 at 4:00 p.m.

                     About Howard Scott Ross

Howard Scott Ross operates a residential property rental business
in Madison County, Alabama.  He primarily buys rental property at
the Madison County Tax Assessor's real property sale in May of
each year.  Most of the properties are distressed and need repair
at the time of purchase.

Mr. Ross filed for Chapter 11 bankruptcy protection on February 5,
2010 (Bankr. N.D. Ala. Case No. 10-80416).  Patrick A. Jones,
Esq., who has an office in Huntsville, Alabama, assists the Debtor
in his restructuring effort.  The schedules said that assets total
$2,115,298, and debts total $586,000.


LA JOLLA PHARMA: Posts $3.1 Million Net Loss in June 30 Quarter
---------------------------------------------------------------
La Jolla Pharmaceutical Company filed its quarterly report on Form
10-Q, reporting a net loss of $3.1 million for the three months
ended June 30, 2010, compared with a net loss of $2.0 million for
the same period in 2009.  There were no revenues for the three
months ended June 30, 2010, and 2009.

From inception through June 30, 2010, the Company has incurred a
cumulative net loss of approximately $429.2 million and has
financed its operations through public and private offerings of
securities, revenues from collaborative agreements, equipment
financings and interest income on invested cash balances.  From
inception through June 30, 2010, the Company has raised
approximately $417.0 million in net proceeds from sales of equity
securities.  At June 30, 2010, the Company had $8.1 million in
cash, of which up to $5.2 million, plus accrued dividends, could
be required to be paid upon the triggering of a redemption right
under the Company's outstanding preferred securities, as compared
to $4.3 million of cash at December 31, 2009.  The Company's
working capital at June 30, 2010 was a deficit of $406,000, as
compared to a working capital deficit of $4.2 million at
December 31, 2009.  The increase in cash resulted from the net
proceeds of $6.0 million received in the May 2010 financing offset
by the use of the Company's financial resources to fund its
general corporate operations.

The Company's balance sheet at June 30, 2010, showed $8.2 million
in total assets, $8.6 million in total liabilities, $29,000 in
Series C-1 redeemable convertible preferred stock, and a
stockholders' deficit of $435,000.

Ernst & Young LLP, in San Diego, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern,
following the Company's 2009 results.  The independent auditors
noted that the Company has incurred recurring operating losses, an
accumulated deficit of $424.3 million as of
December 31, 2009, and has no current source of revenues or
financing.

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

               http://researcharchives.com/t/s?6cb7

                  About La Jolla Pharmaceutical

San Diego, Calif.-based La Jolla Pharmaceutical Company (OTC BB:
LJPC) -- http://www.ljpc.com/-- is a biopharmaceutical company
that has historically focused on the development and testing of
Riquent as a treatment for Lupus nephritis.


LOCAL INSIGHT: Hires Lazard to Weigh Restructuring Options
----------------------------------------------------------
Local Insight Media Holdings, Inc. and its indirect, wholly owned
subsidiary, Local Insight Regatta Holdings Inc. said in a slide
presentation for lenders and financial institutions that Lazard
Freres has been engaged in the evaluation of its capital
structure, including balance sheet restructuring options.

The Company said in the presentation that 2010 revenue and EBITDA
are expected to be significantly prior expectations.  The Company
had $20 million in EBITDA on $132 million of revenue in the second
quarter of 2010, compared with an EBITDA of $187 million on $135
million or revenue in the first quarter.

The Company added that it is likely to breach financial covenants
under Regatta's credit facilities at Sept. 30, 2010 and Dec. 31,
2010.

While the Company has hired Lazard, the bank lenders have engaged
FTI Consulting and Simpson Thacher, and bondholders have engaged
Houlihan Lokey and Milbank.

The Company has engaged with the administrative agent and the
advisors for the bank lenders and bondholders and it is prepared
to work with the steering committee when formed.

Certain members of the senior management of Local Insight held a
conference call with certain banks and other financial
institutions that are lenders under the Company's senior secured
credit facilities.  A full-text copy of the slide presentation is
available for free at http://ResearchArchives.com/t/s?6cb8

                    About Local Insight Regatta

Headquartered in Englewood, Colorado, Local Insight Regatta
Holdings, Inc. is a leading provider of local search advertising
products and services, targeting small and medium-sized
businesses, with a range of lead-generating solutions that enable
consumers to find products and services they need.  The company's
integrated suite of local advertising solutions includes print
Yellow Pages as well as a range of digital advertising products
and services designed to establish, maintain and optimize an
advertiser's online presence.  For the 12 months ended June 30,
2010, the company reported revenues of approximately $554 million.
The company is an indirect, wholly-owned subsidiary of Local
Insight Media Holdings, Inc. whose primary owner is Welsh, Carson,
Anderson & Stowe.

                           *     *     *

According to the Troubled Company Reporter on Aug. 25, 2010,
Standard & Poor's Ratings Services lowered its ratings on
Englewood, Colo.-based Local Insight Regatta Holdings Inc. to
'CCC-' from 'CCC+'.  The rating outlook is negative.

Moody's Investors Service downgraded Local Insight Regatta
Holdings, Inc.'s Corporate Family Rating and its Probability of
Default Rating, each to Ca from Caa1, and associated instrument
ratings detailed below.  The multi-notch downgrades reflect
Moody's view that the company is likely to violate financial
covenants for the September 30, 2010 reporting period and will
need to restructure its balance sheet in the near term.  Moody's
estimate recovery prospects to be average for a Ca rating with
subordinated debt taking most of the loss.  As announced on
September 8, 2010, management engaged a financial advisor to
evaluate the capital structure of its parent holding company,
Local Insight Media Holdings, Inc.  These downgrades complete
Moody's review initiated on September 9, 2010.


MARK GINSBURG: Wants 120-Day Exclusivity Extension
--------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
will convene a hearing on November 1, 2010, at 9:30 a.m., to
consider Mark J. Ginsburg's request to grant a 120 day extension
in each of its exclusive periods to file and solicit acceptances
for a Chapter 11 Plan.

The Debtor filed its request for an extension before the
exclusive periods was set to expire on October 7.

The Debtor needs additional time to formulate a plan because the
plan and specifically the assets available to creditors will be
dependent on the results of litigation pending before the Court.

The Debtor is represented by:

     Chad P. Pugatch, Esq.
     RICE PUGATCH ROBINSON &SCHILLER, P.A.
     101 NE 3 Ave, Suite 1800
     Fort Lauderdale, FL 33301
     Tel: (954) 462-8000
     Fax: (954) 462-4300

                       About Mark J. Ginsburg

Lighthouse Point, Florida-based Mark J. Ginsburg, aka Mark
Ginsburg and Dr. Mark Ginsburg, filed for Chapter 11 bankruptcy
protection on February 9, 2010 (Bankr. S.D. Fla. Case No. 10-
13056).  The Company disclosed assets of $16,675,693 and debts of
$47,823,735.


MGM RESORTS: Receives $511MM Net Proceeds from Underwriting Deal
----------------------------------------------------------------
MGM Resorts International entered on Oct. 12, 2010, into an
underwriting agreement with Tracinda Corporation, as the selling
stockholder, and Barclays Capital Inc., as underwriter.

Pursuant to the Underwriting Agreement, the Company agreed to
issue and sell to the Underwriter, and the Underwriter agreed to
purchase for resale to the public, 40,900,000 shares of common
stock of the Company, par value $0.01 per share and 27,782,000
shares of Common Stock from the Selling Stockholder.

In addition, the Company and the Selling Stockholder each granted
a 30-day option to the Underwriter to purchase additional shares
to cover overallotments, wherein the Underwriter may purchase up
to an additional 6,135,000 shares of Common Stock from the Company
and 4,167,300 shares of Common Stock from the Selling Stockholder.

The Company received net proceeds from this transaction of
approximately $511 million, which the Company intends to use for
general corporate purposes, including the repayment of debt.  The
Company will not receive any proceeds from the sale of Common
Stock by the Selling Stockholder.

A full-text copy of the Underwriting Agreement is available for
free at http://ResearchArchives.com/t/s?6cb6

                         About MGM Resort

MGM Resorts International (NYSE: MGM) --
http://www.mgmresorts.com/-- has significant holdings in gaming,
hospitality and entertainment, owns and operates 15 properties
located in Nevada, Mississippi and Michigan, and has 50%
investments in four other properties in Nevada, Illinois and
Macau.

The Company's balance sheet at June 30, 2010, showed
$19.98 billion in total assets, $1.19 billion in total current
liabilities, $2.65 billion in deferred income taxes,
$13.04 billion in long-term debt $243.29 million in other long-
term obligations, and $2.85 billion in total stockholders' equity.

                           *     *     *

As reported by the Troubled Company Reporter on October 18, 2010,
Standard & Poor's Ratings Services revised its rating outlook on
MGM Resorts to stable from developing.  At the same time, S&P
affirmed all of its existing ratings on MGM, including the 'CCC+'
corporate credit rating.

The 'CCC+' corporate credit rating reflects MGM's significant debt
burden, S&P's expectation for meaningful declines in cash flow
generation in 2010, and the company's weak liquidity position.
While MGM maintains a leading presence on the Las Vegas Strip,
2010 will be another challenging year for the Strip, and prospects
for a meaningful rebound in 2011 are uncertain.  The recent
pricing of the primary offering of common stock has bolstered
liquidity; however, the company's ability to weather the current
downturn and continue to service its debt obligations over the
longer term relies on continued progress toward addressing its
challenging debt maturity schedule, as well as a substantial
rebound in cash flow generation.

The TCR also reported that Fitch Ratings revised the Rating
Outlook for MGM Resorts to Positive following the company's equity
issuance.  In addition, Fitch affirmed these ratings: Issuer
Default Rating at 'CCC'; Senior secured notes due 2013, 2014,
2017, and 2020 at 'B+/RR1'; Senior credit facility at 'B-/RR3';
Senior unsecured notes at 'CCC/RR4'; Convertible senior notes due
2015 at 'CCC/RR4'; and Senior subordinated notes at 'C/RR6'.

MGM's 'CCC' IDR continues to reflect a credit profile with
substantial credit risk.  MGM's probability of default still
displays a high sensitivity to an uninterrupted recovery in the
Las Vegas market, significant reliance on a favorable refinancing
and capital markets environment due to its heavy debt maturity
schedule, a highly leveraged balance sheet despite potential debt
reduction from the equity issuance, and a weak near-term free cash
profile.  In addition, MGM's obligation under the CityCenter
completion guarantee continues to escalate, and Fitch believes the
company is currently under-investing in its properties, which will
likely impact asset quality.


MGM RESORTS: Tracinda Offloads 27.7-Mil. Shares for $347MM
----------------------------------------------------------
Kirk Kerkorian's Tracinda Corporation and MGM Resorts
International on October 18, 2010, sold 27,782,000 shares and
40,900,000 shares of the Company's Common Stock, respectively, in
an underwritten public offering at a public offering price of
$12.65 per share.  Tracinda received a total of $347,830,640 for
its shares, or $12.52 per share.

Following the transaction, Mr. Kerkorian and Tracinda may be
deemed to own 135,341,044 shares or roughly 28.1% of MGM Resorts
common stock.  Anthony L. Mandekic, Tracinda's secretary and
treasurer, may be deemed to own 43,000 shares.

Tracinda said in a regulatory filing it has terminated its credit
facility with MGM Resorts and, accordingly, all Pledged Collateral
has been released.

In a regulatory filing on October 14, MGM Resorts indicated it was
40,900,000 shares of common stock while its largest stockholder,
Tracinda, was offering 27,782,000 shares.  MGM Resorts said it
would not receive any proceeds from Tracinda's sale.

Barclays Capital served as underwriter for that deal.

A full-text copy of the prospectus filed by the Company is
available at no charge at http://ResearchArchives.com/t/s?6cbb

                         About MGM Resort

MGM Resorts International (NYSE: MGM) --
http://www.mgmresorts.com/-- has significant holdings in gaming,
hospitality and entertainment, owns and operates 15 properties
located in Nevada, Mississippi and Michigan, and has 50%
investments in four other properties in Nevada, Illinois and
Macau.

The Company's balance sheet at June 30, 2010, showed
$19.98 billion in total assets, $1.19 billion in total current
liabilities, $2.65 billion in deferred income taxes,
$13.04 billion in long-term debt $243.29 million in other long-
term obligations, and $2.85 billion in total stockholders' equity.

                           *     *     *

As reported by the Troubled Company Reporter on October 18, 2010,
Standard & Poor's Ratings Services revised its rating outlook on
MGM Resorts to stable from developing.  At the same time, S&P
affirmed all of its existing ratings on MGM, including the 'CCC+'
corporate credit rating.

The 'CCC+' corporate credit rating reflects MGM's significant debt
burden, S&P's expectation for meaningful declines in cash flow
generation in 2010, and the company's weak liquidity position.
While MGM maintains a leading presence on the Las Vegas Strip,
2010 will be another challenging year for the Strip, and prospects
for a meaningful rebound in 2011 are uncertain.  The recent
pricing of the primary offering of common stock has bolstered
liquidity; however, the company's ability to weather the current
downturn and continue to service its debt obligations over the
longer term relies on continued progress toward addressing its
challenging debt maturity schedule, as well as a substantial
rebound in cash flow generation.

The TCR also reported that Fitch Ratings revised the Rating
Outlook for MGM Resorts to Positive following the company's equity
issuance.  In addition, Fitch affirmed these ratings: Issuer
Default Rating at 'CCC'; Senior secured notes due 2013, 2014,
2017, and 2020 at 'B+/RR1'; Senior credit facility at 'B-/RR3';
Senior unsecured notes at 'CCC/RR4'; Convertible senior notes due
2015 at 'CCC/RR4'; and Senior subordinated notes at 'C/RR6'.

MGM's 'CCC' IDR continues to reflect a credit profile with
substantial credit risk.  MGM's probability of default still
displays a high sensitivity to an uninterrupted recovery in the
Las Vegas market, significant reliance on a favorable refinancing
and capital markets environment due to its heavy debt maturity
schedule, a highly leveraged balance sheet despite potential debt
reduction from the equity issuance, and a weak near-term free cash
profile.  In addition, MGM's obligation under the CityCenter
completion guarantee continues to escalate, and Fitch believes the
company is currently under-investing in its properties, which will
likely impact asset quality.


MOVIE GALLERY: IRS Wants Plan Confirmation Denied
-------------------------------------------------
The United States of America, a creditor in the Chapter 11 case of
Movie Gallery, Inc., et al., asks the U.S. Bankruptcy Court for
the Eastern District of Virginia to deny the confirmation of the
Debtors' proposed Plan of Liquidation.

The United States objects to the Plan's provision for the payment
of postpetition tax liabilities, if any, of the Internal Revenue
Service.  The United States States that the Plan treats
postpetition tax obligations the same as professional
compensation, imposing deadlines and other obligations that are
improper as to taxes incurred in the ordinary course of business.
To the extent that the Debtors or their estates owe, or will owe
the Service administrative tax liabilities and have not reported
those liabilities, it will be impossible for the Service to comply
with this provision of the Plan.  Congress has clearly provided
that postpetition administrative tax liabilities are to be paid in
the normal course of business.

The U.S. also explains that the Plan, among other things:

   -- imposes on the taxing authority the obligation to
      file a request for payment within a set time period whether
      or not a return has been filed, or the tax has been paid;

   -- provides that the Service's priority tax claim is to be paid
      with interest at the rate of .33%;

   -- seeks to release third-party, individual, non-debtors from
      all claims of the United States, including claims of the
      type made nondischargeable;

   -- attempts to dictate the future Federal tax consequences of
      the reorganized Debtor.

                         Other Objections

Other parties-in-interest also object to the confirmation of the
Debtors' Plan.

Navjeet K. Bal, Commissioner of the Massachusetts Department of
Revenue, a creditor and party-in-interest in the Debtors cases
says that in the absence of the correctly stated rate of interest,
the deferred cash payments as set forth in the Plan do not provide
"a value, as of the effective date of the plan, equal to the
allowed amount of the claim."

City Of Garland, Garland Independent School District, Collin
County and Frisco Independent School District, all Ad Valorem
Taxing Taxing Entities in the State of Texas The Taxing Entities
object to the application of the case interest rate (.33%) from
the effective date through the date of payment.

               Amended Disclosure Statement

As reported in the Troubled Company Reporter on September 14,
2010, the Amended Disclosure Statement includes additional
disclosures concerning, among other things:

  * the notice of intention filed by Movie Gallery Canada, Inc.
    in the District of Ontario, Toronto Division, to commence
    voluntary insolvency proceedings in Canada.

  * the Debtors' engagement of Streambank LLC to provide them
    with intellectual property disposition services.

  * the termination of the Debtors' Self-Funded Health Care
    Plan.

  * Updated Estimated Recoveries for certain classes of Claims.

The Amended Disclosure Statement states that the Plan has the
support of the Official Committee of Unsecured Creditors.

The Amended Disclosure Statement further notes that the Debtors
do not believe it is necessary to estimate the projected recovery
for Class 4 Prepetition First Lien Term Loan Secured Claims and
Class 5 General Unsecured Claims in view of the liquidating
nature of the Plan and the costs involved in obtaining an
estimation.

The Debtors expect that there will be few Class 1 Non-Tax
Priority Claims and Class 2 Miscellaneous Secured Claims allowed.

With respect Tax Claims, the Plan provides that except to the
extent that an Allowed Priority Tax Claim has been paid prior to
the Distribution Date, a Holder of an Allowed Priority Tax Claim
will be entitled to receive, from the First Lien Term Lenders
Liquidating Trust, in full and final satisfaction, settlement and
release of and in exchange for the Allowed Priority Tax Claim:

  -- regular installment Cash payments, occurring not less
     frequently than quarterly over a period not exceeding five
     years after the Commencement Date, in an aggregate
     principal amount equal to the unpaid portion of the Allowed
     Priority Tax Claim, plus interest on the unpaid portion
     of the Claim at the Case Interest Rate from the Effective
     Date through the date of payment; or

  -- another treatment which the Holder and the First Lien Term
     Lenders Liquidating Trustee will have agreed upon in
     writing; provided, however, that the First Lien Term
     Lenders Liquidating Trustee will have the right to pay any
     Allowed Priority Tax Claim, or any remaining balance of any
     Allowed Priority Tax Claim, in full at any time on or after
     the Effective Date without premium or penalty.

Priority Tax Claimholders will be paid in full on account of
their Allowed Priority Tax Claims and are not entitled to vote on
the Plan.  However, the payment of Priority Tax Claims are
subject, if prior to the effective date of the Plan, to the
Prepetition First Lien Term Lender Administrative Agent's rights
to object, and if after the Effective Date, the First Lien Term
Lenders Liquidating Trustee's rights to object.

The Amended Disclosure Statement discloses that as of the
Petition Date, the Debtors were indebted to the Prepetition First
Lien Term Secured Parties in respect of all outstanding
obligations under the Pre-petition First Lien Term Credit
Documents for (a) an amount aggregating $407,963,869 and (b) any
and all fees, expense reimbursements, outstanding and unpaid
indemnification obligations arising under, and to the extent
provided in, the Prepetition First Lien Term Credit Documents or
the Cash Collateral Order, or other amounts owed by the Debtors
under the Prepetition First Lien Term Credit Facility or the Cash
Collateral Order as of the Effective Date, all of which will be
Allowed Class 4 Claims.

The Original Disclosure Statement disclosed that the Debtors owed
the Prepetition First Lien Term Credit Documents for a principal
amount aggregating not less than $394,369,000 consisting of
(a) term loans aggregating $370,869,000, (b) reimbursement
obligations in respect of synthetic letters of credit of
approximately $20,729,000 and (c) all interest, fees and charges
accrued and accruing thereon and chargeable with respect thereto,
and to the extent provided for in the Prepetition First Lien Term
Credit Documents, all costs and expenses of the Prepetition First
Lien Parties.

In addition, the Amended Disclosure Statement notes that the
aggregate amount of unpaid Allowed Priority Claims, Allowed
Administrative Claims, and Allowed Miscellaneous Secured Claims
will not reasonably be expected to exceed $5.5 million in the
aggregate.

A full-text copy of the amended Disclosure Statement is available
for free at http://bankrupt.com/misc/MG_AmDS-9-9.pdf

                       About Movie Gallery

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

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

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


NEXSTAR BROADCASTING: Giuhat Disposes Of Stock Options
------------------------------------------------------
Adrian Giuhat, former VP, and Chief Technology Officer at Nexstar
Broadcasting Group, Inc., disclosed in a Form 4 filing with the
Securities and Exchange Commission that he disposed of on
October 1, 2010, 10,000 Stock Options -- rights to purchase up to
Class A Common Stock.  He said 5,000 of the options vested on June
2, 2008 and 5,000 vested on June 2, 2009.  He may be deemed to
hold 12,000 Class A shares following the transaction.

David K. Raucher, VP for Information Technology at Nexstar,
disclosed in a Form 3 filing that he doesn't hold any company
securities.

                  About Nexstar Broadcasting Group

Irving, Texas-based Nexstar Broadcasting Group Inc. currently
owns, operates, programs or provides sales and other services to
62 television stations in 34 markets in the states of Illinois,
Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania,
Louisiana, Arkansas, Alabama, New York, Rhode Island, Utah and
Florida. N exstar's television station group includes affiliates
of NBC, CBS, ABC, FOX, MyNetworkTV and The CW and reaches
approximately 13 million viewers or approximately 11.5% of all
U.S. television households.

The Company's balance sheet at June 30, 2010, showed
$584.49 million in total assets, $771.66 billion in total
liabilities, and $187.17 billion in total stockholders' deficit.

                           *     *     *

As reported by the Troubled Company Reporter on August 30, 2010,
Standard & Poor's Ratings Services raised its corporate credit
rating on Nexstar Broadcasting Group to 'B' from 'B-'.  The rating
outlook is stable.

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


NMP INVESTORS: Case Dismissed; Re-Filing Barred for 6 Months
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of California
dismissed the Chapter 11 case of NMP Investors, LLC.

The Court also ordered that the Debtor will not file a petition
under Chapter 11 for at least 180 days from the date of entry of
the dismissal order.

San Marcos, California-based NMP Investors, LLC, filed for Chapter
11 bankruptcy protection on June 7, 2010 (Bankr. S.D. Calif. Case
No. 10-09920).  Vatche Chorbajian, Esq., at the Law Offices of
Vatche Chorbajian, assists the Debtor in its restructuring effort.
The Debtor disclosed $15,001,000 in assets and $67,072,724 in
liabilities as of the Petition Date.


NORD RESOURCES: Chairman Hirsch Acquires 65,600 Shares
------------------------------------------------------
Ronald Hirsch, chairman of the board of directors at Nord
Resources Corp., disclosed in a Form 4 filing his acquisition of
65,600 shares of the Company's common stock in various
transactions on October 13 and 14.  He directly holds 8,543,487
shares following those transactions.

As of June 30, 2010, 110,972,582 shares of Nord common stock were
outstanding.

                       About Nord Resources

Based in Tuczon, Arizona, Nord Resources Corporation
(TSX:NRD/OTCBB:NRDS.OB) -- http://www.nordresources.com/-- is a
copper mining company whose primary asset is the Johnson Camp
Mine, located approximately 65 miles east of Tucson, Arizona.
Nord commenced mining new ore on February 1, 2009.

Nedbank, the Company's senior lender, has declined to extend the
forbearance agreement with respect to the scheduled principal and
interest payment in the approximate amount of $2,150,000 that was
due on March 31, 2010 under the Company's $25,000,000 secured
term-loan credit facility with Nedbank.  Nedbank Capital has also
declined to extend the forbearance agreement regarding the
Company's failure to make the payment of $697,869 due on April 6,
2010 under the Copper Hedge Agreement between the parties.  Both
forbearance agreements expired at midnight on May 13, 2010.

The Company is now in default of its obligations under the Credit
Agreement and the Copper Hedge Agreement with Nedbank.

On June 2, 2010, Nord Resources appointed FTI Consulting to advise
on refinancing structures and strategic alternatives.

The Company's balance sheet at June 30, 2010, showed
$71.34 million in total assets, $54.68 million in total
liabilities, and $16.65 million in stockholders' equity.


OLD COLONY: Section 341(a) Meeting Scheduled for Nov. 15
--------------------------------------------------------
The U.S. Trustee for Region 1 will convene a meeting of Old
Colony, LLC's creditors on November 15, 2010, at 1:00 p.m.  The
meeting will be held at Suite 1055, U.S. Trustee's Office, John W.
McCormack Federal Building, 5 Post Office Square, 10th Floor,
Boston, Massachusetts.

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.

Saugus, Massachusetts-based Old Colony, LLC, dba The Inn At
Jackson Hole, filed for Chapter 11 bankruptcy protection on
October 11, 2010 (Bankr. D. Mass. Case No. 10-21100).  Donald F.
Farrell, Jr., Esq., at Anderson Aquino LLP, assists the Debtor in
its restructuring effort.  The Debtor estimated its assets and
debts at $10 million to $50 million at the Petition Date.


ORBUS PHARMA: Creditors Approve Bankruptcy Proposal
---------------------------------------------------
Orbus Pharma Inc. announces that the affected secured creditors,
the unsecured creditors and the Ontario Superior Court of Justice
in Bankruptcy and Insolvency have all approved its Proposal
pursuant to the Bankruptcy and Insolvency Act, R.S.C. 1985,
c. B-3.  The Proposal, as outlined in the September 7, 2010 Press
Release, is to effect a compromise and arrangement of all claims
against Orbus, other than certain unaffected claims, with a view
to increasing the recovery for all stakeholders while reducing the
risks, costs, delays and possible losses for all creditors that
will otherwise occur.

Each of the two classes of creditors, the secured and unsecured,
approved the Proposal at a creditor meeting on September 28, 2010
in accordance with the voting majority requirements set out in the
Act.  Additionally, the Ontario Superior Court of Justice in
Bankruptcy and Insolvency granted an Order approving the Proposal
at a hearing on October 18, 2010.

Orbus Pharma Inc. -- http://www.orbus.ca/-- headquartered in
Markham, Ontario and listed on the Toronto Stock Exchange under
the symbol ORB, is pursuing an integrated global strategy of: (1)
generic drug development, using proprietary delivery systems for
certain products; (2) product out-licensing; and (3)
pharmaceutical manufacturing.


PACIFICA MESA: Introduces Bankruptcy-Exit Plan
----------------------------------------------
Pacifica Mesa Studios LLC introduced a bankruptcy-exit plan that
will hand control of the reorganized business to its first-lien
lender, Dow Jones' Small Cap reports.

According to the report, Amalgamated Bank of New York -- which is
owed $84 million by the company, including interest -- is poised
to take the reins of the largest film studio in New Mexico under a
proposal filed Friday with the U.S. Bankruptcy Court in San
Fernando Valley, Calif.  The report notes that if the plan wins
the support of the bankruptcy court and voting creditors, Pacifica
Mesa would distribute membership interests in the company to
Amalgamated, according to the documents.

First, though, the report says, Pacifica Mesa must convince a
judge that its disclosure statement, or plain-language plan
outline, contains adequate information to be sent out to creditors
for a vote.  A judge is set to take up the disclosure statement at
a hearing Nov. 30, the report discloses.

Pacifica Mesa, which does business as Albuquerque Studios, sought
bankruptcy protection in July, reporting $57.7 million in assets
and $104.5 million in debts, the report adds.

                        About Pacifica Mesa

Agoura Hills, California-based Pacifica Mesa Studios, LLC, dba
Albuquerque Studios and ABQ Studios, filed for Chapter 11
bankruptcy protection on July 20, 2010 (Bankr. C.D. Calif. Case
No. 10-18827).  Steven T. Gubner, Esq., at Ezra Brutzkus & Gubner,
assists the Debtor in its restructuring effort.  The Company
estimated $50 million to $100 million in assets and $100 million
$500 million in liabilities in its Chapter 11 petition.


PENNSYLVANIA ACADEMY: Wants Suit vs. Donors in Bankruptcy Court
---------------------------------------------------------------
Tim Mekeel at Lancaster Online reports that Pennsylvania Academy
of Music wants its lawsuit against two donors William and Karyn
Regitz to be heard in the U.S. Bankruptcy court -- and not in the
U.S. District Court -- because the suit is a core matter for the
Company's reorganization.

According to the report, the Company claims the Regitzes are
"forum shopping" which, if allowed, will add confusion, cost and
time to the Company's bankruptcy reorganization.  The Company sued
the Regitzes in August, seeking to collect $150,000 past due on a
$240,000 pledge.  The pledge was signed in 2001 and increased in
2004, was to support the development of the Company's 42 N. Prince
St. building.

Based in Lancaster, Pennsylvania, Academy of Music dba The
Pennsylvania Academy of Music filed for Chapter 11 bankruptcy
protection on May 27, 2010 (Bankr. E.D. Penn. Case No.: 10-14377).
Jacques H. Geisenberger, Jr., Esq., at Wheatland Place, represents
the Debtor in its restructuring effort.  The Company listed assets
of between $1 million and $10 million, and debts of between
$100,000 and $500,000.


PETRA FUND: Files for Chapter 11 in Manhattan
---------------------------------------------
Petra Fund REIT Corp. and its parent company Petra Offshore Fund
LP filed for Chapter 11 bankruptcy court protection (Bankr.
S.D.N.Y. Lead Case No. 10-15500) on Oct. 20, 2010 in Manhattan.

Petra Fund is an investor in commercial real estate-backed loans.
Petra Fund estimated assets of $1 million to $10 million and
liabilities of $100 million to $500 million in its Chapter 11
petition.

"The extraordinary and unprecedented collapse of the credit and
commercial real estate markets has severely impacted Petra causing
the mark-to-market value of its assets to plummet.  Financing and
liquidity which was previously readily available through banks and
the capital markets evaporated as banks de-levered and investors
withdrew from the market," Lawrence Shelley, vice president and
member of the board of Petra Fund, said in a court filing.

The Chapter 11 filing follows a judgment that one of the fund's
creditors, KBS Preferred Holding I LLC, won against Petra to
collect on its debt.  KBS sued the Debtors in New York state court
to collect on debt arising out of an unsecured loan extended to
REIT.  After obtaining judgment, KBS began to commence enforcement
proceedings and assert various rights as a judgment creditor.

Petra said it has a restructuring support agreement with Bear
Stearns Funding Inc. and The Royal Bakn of Scotland plc.  A copy
of the plan support agreement is available at:

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

Shaya M. Berger, Esq., at Dickstein Shapiro, LLP, serves as
counsel to the Debtors.


PETRA FUND: Case Summary & 8 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Petra Fund REIT Corp.
        1370 Avenue of the Americas
        23d Floor
        New York, NY 10019

Bankruptcy Case No.: 10-15500

Type of Business: Petra Fund REIT Corp. invests in commercial
                  real estate-backed loans.

Chapter 11 Petition Date: October 20, 2010

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

Debtor's Counsel: Shaya M. Berger, Esq.
                  Dickstein Shapiro, LLP
                  1633 Broadway
                  New York, NY 10019-6708
                  Tel.: (212) 277-6500
                  Fax : (212) 277-6501
                  Email: bergers@dicksteinshapiro.com

Estimated Assets: $1 million to $10 million

Estimated Debts : $100 million to $500 million

The petition was signed by Andrew Stone, president.

Debtor's List of 8 Largest Unsecured Creditors:

Entity/Person                   Nature of Claim         Claim
Amount
-------------                   ---------------         ----------
--
Fried, Frank Harries,           Legal Services          Unknown
Shriver, & Jacobson
One New York Place
New York, NY 10004

KBS Preferred Holding I, LLC    Money Loaned and
$65,922,650
c/o KBS REIT                    Judgment Obtained
620 Newport Ctr Dr., Ste 1300
Newport Beach, CA 92660

Petra Capital Management LLC    Management Services
$4,900,000
1370 Avenue of the Americas
23rd Floor
New York, NY 10019

Pricewaterhouse Coopers         Accounting Services      Unknown

Proskauer Rose                  Legal Services           Unknown

Schulte Roth & Zabel LLP        Legal Services           Unknown

Sidley Austine LLP              Legal Services           Unknown

Winston Strawn LLP              Legal Services           Unknown


POSITRON CORP: Posts $6.4 Million in June 30 Quarter
----------------------------------------------------
Positron Corporation filed its quarterly report on Form 10-Q,
reporting a net loss of $6.4 million on $934,000 of revenue for
the three months ended June 30, 2010, compared with a net loss of
$929,000 on $334,000 of revenue for the same period last year.

The Company had an accumulated deficit of $101.0 million and a
stockholders' deficit of $5.1 million at June 30, 2010.  At
June 30, 2010, the Company had current assets of $5.5 million and
current liabilities of $6.6 million compared to December 31, 2009,
when the Company had current assets and current liabilities of
$923,000 and $7.9 million, respectively.

The Company's balance sheet at June 30, 2010, showed $5.7 million
in total assets, $10.8 million in total liabilities, and a
stockholders' deficit of $5.1 million.

Frank L. Sassetti & Co., in Oak Park, Illinois, expressed
substantial doubt about the Company's ability to continue as a
going concern, following the Company's results for 2009.The
independent auditors noted that the Company has a significant
accumulated deficit.

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

               http://researcharchives.com/t/s?6cb3

                    About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.


PUBLIC MEDIA: Posts $488,900 Net Loss in August 31 Quarter
----------------------------------------------------------
Public Media Works, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $488,858 on $339 of revenue for the three
months ended August 31, 2010, compared with a net loss of $42,806
on $0 revenue for the same period last year.

The increase in net loss resulted from the increase in general and
administrative expenses generated during the three month period
ending August 31, 2010, which was primarily due to a Company
restructuring during the first quarter of May 31, 2010.

The Company has reported a cumulative deficit of $7.2 million from
its inception on March 3, 2000.

The Company's balance sheet at August 31, 2010, showed
$1.9 million in total assets, $1.7 million in total liabilities,
and stockholders' equity of $181,079.

Anton & Chia, LLP, in Newport Beach, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern,
following the Company's results for the fiscal year ended
February 28, 2010.  The independent auditors noted that the
Company has incurred significant recurring net losses and negative
cash flows from operations through February 28, 2010, and as of
that date has an accumulated deficit of $5.2 million.

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

               http://researcharchives.com/t/s?6cb9

                     About Public Media Works

Sausalito, Calif.-based Public Media Works, Inc., through its
wholly-owned subsidiary, EntertainmentXpress, Inc., a California
corporation, is engaged in the business of offering self-service
kiosks which deliver DVD movies and other content to consumers.

Public Media Works, Inc. has historically been engaged in the
development, production, marketing and distribution of film, music
and television entertainment titles.  The Company has an ownership
interest in several film and television projects which are
currently in various stages of development.  As of May 4, 2010,
with the acquisition of EntertainmentXpress, Inc., the Company has
focused exclusively on its kiosk business and intends to continue
this focus going forward.


RARITAN HOSPITALITY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Raritan Hospitality, LLC
          dba Holiday Inn Hotel - Edison
        3050 Woodbridge Avenue
        Edison, NJ 08837

Bankruptcy Case No.: 10-42099

Chapter 11 Petition Date: October 15, 2010

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Kathryn C. Ferguson

Debtor's Counsel: Joseph L. Schwartz, Esq.
                  RIKER, DANIG, SCHERER, HYLAND, PERRETTI
                  Headquarters Plaza
                  One Speedwell Ave
                  Morristown, NJ 07960
                  Tel: (973) 538-0800
                  E-mail: jschwartz@riker.com

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

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

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/njb10-42099.pdf

The petition was signed by Gulshan Chhabra, managing member.


REVLON CONSUMER: Extends 401(k) Plan Temporary Blackout Period
--------------------------------------------------------------
Revlon Consumer Products Corporation said it is transitioning the
record keeper of the Revlon Employees' Savings, Investment and
Profit Sharing Plan, RCPC's qualified defined contribution 401(k)
plan, in the ordinary course of business.

In connection with the transitioning of Plan accounts, as is
standard administrative procedure, a blackout on account activity
was imposed, including investments into or out of the plan
investment fund option which holds Revlon, Inc. Class A common
stock, par value $0.01 per share.

The purpose of this Current Report is to announce that the Company
has extended the previously announced temporary blackout period
from sometime during the week of October 10, 2010, to sometime
during the week of October 17, 2010 in order to allow the Plan
record keeper to complete the transition.  Again, during the
temporary blackout period, as extended, Plan participants will not
have access to their account information and will not be able to
transfer, change or diversify their current investments under the
Plan.  Participants will be notified when the temporary blackout
period has been lifted.

The Company has sent a notice to its executive officers and
directors, pursuant to applicable laws, informing them that, among
other things, during the blackout period as extended, they remain
prohibited from, directly or indirectly, purchasing, selling or
otherwise acquiring or transferring equity securities of Revlon
acquired in connection with their service or employment as a
director or executive officer.

                         About Revlon Inc.

Headquartered in New York City, Revlon, Inc. (NYSE: REV) --
http://www.revloninc.com/-- is a worldwide cosmetics, hair color,
beauty tools, fragrances, skincare, anti-perspirants/deodorants
and personal care products company.  The Company's brands, which
are sold worldwide, include Revlon(R), Almay(R), Mitchum(R),
Charlie(R), Gatineau(R), and Ultima II(R).

At June 30, 2010, the Company's balance sheet showed
$776.0 million in total assets, $308.9 million total current
liabilities, $1.103 billion long-term debt, $58.4 million long-
term debt (affiliates), $205.3 million long term pension
liabilities, and $64.1 million other long term liabilities, and a
$1.011 billion stockholders' deficiency.


ROCK & REPUBLIC: Landlord Gears Up For Trial Over Lease Dispute
---------------------------------------------------------------
Dow Jones' Small Cap reports that Rock & Republic Enterprises Inc.
is poised to face off against a New York landlord this week, as a
dispute stemming from the apparel company's bid to open a New York
flagship store gets its day in court.

According to the report, the Manhattan bankruptcy court will host
a trial starting on Wednesday, according to court papers, pitting
Rock & Republic against 144 Spring Realty LLC.  The report notes
that the landlord, which has filed $4.3 million in claims against
Rock & Republic, is also seeking costs, attorneys' fees and "lost
income and value" it says it suffered after entering into a lease
agreement with the company in July 2008.

As part of the deal, the landlord was to design and build the
"shell and core" of Rock & Republic's proposed flagship store in
the SoHo neighborhood of New York, the report notes.

Dow Jones' says that Rock & Republic, in turn, was to be in charge
of the interior spaces and had committed to leasing the building
for 15 years.  But by early 2009, Rock & Republic had failed to
submit the initial $125,000 security payment required by the
agreement, the report adds.

                       About Rock & Republic

New York-based Rock & Republic Enterprises, Inc., is a wholesale
and retail apparel company specializing in an avant-garde and
distinctive line of clothing.  Originally started in 2002 by its
Chief Executive Officer, Michael Ball, primarily as an American
jeans company, the Debtors have expanded their lines to include
high fashion clothing for men, women and children as well as
shoes, cosmetics and accessories.  The Company's merchandise can
be found at most high end retail stores such as Nordstrom, Neiman
Marcus, Bergdorf Goodman, Bloomingdales, Lord & Taylor, Harvey
Nichols and Saks Fifth Avenue, as well as in small upscale
boutiques.

The Company filed for Chapter 11 bankruptcy protection on April 1,
2010 (Bankr. S.D.N.Y. Case No. 10-11728).  Alex Spizz, Esq., and
Arthur Goldstein, Esq., at Todtman, Nachamie, Spizz & Johns, P.C.,
assist the Company in its restructuring effort.  Manderson,
Schaefer & McKinlay, LLP, is the Company's special corporate
counsel.  The Company estimated $50 million to $100 million in
assets and $10 million to $50 million in liabilities.

The Company's affiliate, Triple R, Inc., filed a separate
Chapter 11 petition on April 1, 2010 (Bankr. S.D.N.Y. Case No. 10-
11729).


ROCK US: Potential Bidder Seeks More Time to Object to Sale Plan
----------------------------------------------------------------
Dow Jones' Small Cap reports that ABS Partners Real Estate LLC is
seeking a "limited extension of time" to object to Rock US
Holdings Inc.'s plan to sell two pre-World War II commercial
office buildings in Manhattan.

Rock US Holdings Inc. filed for Chapter 11 bankruptcy protection
on September 15, 2010 (Bankr. D. Del. Case No. 10-12892).
Affiliates Rock US Investments LLC (Bankr. D. Del. Case No.
10-12893), Rock New York (100-104) Fifth Avenue LLC (Bankr. D.
Del. Case No. 10-12894), and Rock New York (183 Madison Avenue)
LLC (Bankr. D. Del. Case No. 10-12895) filed separate Chapter 11
petitions.

In their petitions, Rock US Holdings and Rock US Investments each
estimated under $50,000 in assets and $100 million to $500 million
in debts as of the Petition Date.  Rock New York (100-104) and
Rock New York (183 Madison) each estimated $100 million to $500
million in both assets and debts.

Jamie Lynne Edmonson, Esq., and Neil B. Glassman, Esq., at Bayard
PA, are the Debtors' general bankruptcy counsel.  Hogan Lovells US
LLP is the Debtors' special corporate and Litigation counsel.
Jones Day is the Debtors' special real estate counsel.


RW LOUISVILLE: Taps Stoll Keenon as Bankruptcy Counsel
------------------------------------------------------
RW Louisville Hotel Associates, LLC, asks for authorization from
the U.S. Bankruptcy Court for the Western District of Kentucky to
employ Stoll Keenon Ogden PLLC as bankruptcy counsel, nunc pro
tunc as of October 8, 2010.

The professional services which Stoll Keenon wil render include
the general representation of Debtor in this case and the
performance of all legal services for Debtor which may be
necessary herein.

The hourly rates of Stoll Keenon's personnel are:

            Members                    $250-$435
            Associates                 $190-$270
            Paralegals                  $95-$170

Lea Pauley Goff, Esq., a member at Stoll Keenon, assures the Court
that the firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

Wells Fargo Bank, National Association, has objected to the
Debtor's request to hire Stoll Keenon.  According to Wells Fargo,
Stoll Keenon may not be compensated using its cash collateral.
Wells Fargo said that the Debtor has not provided, and cannot
provide, adequate protection for use of Wells Fargo's cash
collateral, and Wells Fargo doesn't consent to a use.

Louisville, Kentucky-based RW Louisville Hotel Associates, LLC,
aka Holiday Inn Hurstbourne, filed for Chapter 11 bankruptcy
protection on October 8, 2010 (Bankr. W.D. Ky. Case No. 10-35356).
The Debtor estimated its assets and debts at $10 million to
$50 million at the Petition Date.


RW LOUISVILLE: Section 341(a) Meeting Scheduled for Nov. 4
----------------------------------------------------------
The U.S. Trustee for Region 8 will convene a meeting of RW
Louisville Hotel Associates, LLC's creditors on November 4, 2010,
at 2:30 p.m.  The meeting will be held at Room 509 (Use 6th Street
Elevators), 601 West Broadway, Louisville, KY 40202.

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.

Louisville, Kentucky-based RW Louisville Hotel Associates, LLC,
aka Holiday Inn Hurstbourne, filed for Chapter 11 bankruptcy
protection on October 8, 2010 (Bankr. W.D. Ky. Case No. 10-35356).
Emily Pagorski, Esq., and Lea Pauley Goff, Esq., at Stoll Keenon
Ogden PLLC, assist the Debtor in its restructuring effort.  The
Debtor estimated its assets and debts at $10 million to
$50 million at the Petition Date.


SHERWOOD FARMS: Court Disapproves Plan Outline; Amendment Needed
----------------------------------------------------------------
The Hon. Karen S. Jennemann of the U.S. Bankruptcy Court for the
Middle District of Florida disapproved Sherwood Farms, Inc., and
Sherwood Investments Overseas Limited Incorporated's Disclosure
Statement explaining the proposed Plan of Reorganization.
Judge Jennemann said that she will conditionally approve the
amended Disclosure Statement if filed by the October 22, 2010,
deadline.  The Court scheduled a combine hearing on December 1, to
consider the approval of the Disclosure Statement and the
confirmation of the Plan.

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

According to the Disclosure Statement, the Plan provides that the
Debtors will continue to operate their existing businesses with
low operating expenses.  The Reorganized Debtors will execute new
notes, mortgages, and security agreements with Centennial Bank,
formerly known as Old Southern Bank, based, in part on adjusted
property values that reflect the reduced market value of the
lender's secured interest in its collateral.  The Debtors
contemplates paying claims and equity interests over time from
cash flow generated from its core operations along with the
reduction in cash flow demands from the new secured obligations.

Under the Plan, holders of allowed secured claims will receive
payment equal to 100% of their allowed secured claims, over time.
Holders of allowed unsecured claims will receive pro rata
distribution from the net adversary proceeds.  Equity interests in
he Debtors will remain unchanged.

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

                       About Sherwood Farms

Groveland, Florida-based Sherwood Farms, Inc., is a grower and
wholesaler of orchids.  Sherwood said owes $7 million to first and
second-lien lenders.  Sherwood said in a filing that cash,
accounts receivable, inventory, and real property are worth
$8 million.

The Company filed for Chapter 11 bankruptcy protection on
January 15, 2010 (Bankr. M.D. Fla. Case No. 10-00578).  Mariane L.
Dorris, Esq., at Latham Shuker Eden & Beaudine LLP, assists the
Debtor in its restructuring effort.  The Company estimated its
assets and debts at $10 million to $50 million.

The Company's affiliate, Sherwood Investments Overseas Limited
Incorporated, filed a separate Chapter 11 petition.


STONECREST FINANCIAL: Court Converts Case to Chapter 7 Liquidation
------------------------------------------------------------------
The Journal Press reports that a bankruptcy judge converted the
Chapter 11 reorganization case of Stonecrest Financial Inc. to
Chapter 7 liquidation proceeding and appointed a trustee to take
possession of Meadow-Brooke Memorial Park.  Noteholders said it
expects that the court will now allow them to foreclose on their
notes so that they can begin to secure the cemetery.

Stonecrest Financial Inc. field for Chapter 11 protection on Sept.
1, 2010 (Bankr. E.D. Va. Case No. 10-36095).


TAYLOR & BISHOP: Files Schedules of Assets & Liabilities
--------------------------------------------------------
Taylor & Bishop, LLC, has filed with the U.S. Bankruptcy Court for
the District of Arizona its schedules of assets and liabilities,
disclosing:

  Name of Schedule                      Assets         Liabilities
  ----------------                      ------         -----------
A. Real Property                     $10,000,000
B. Personal Property                  $6,040,393
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                       $9,401,773
E. Creditors Holding
   Unsecured Priority
   Claims                                                   $2,464
F. Creditors Holding
   Unsecured Non-priority
   Claims                                                 $529,912
                                     -----------       -----------
      TOTAL                          $16,040,393        $9,934,149

A copy of the schedules is available for free at:

          http://bankrupt.com/misc/TAYLOR_&_BISHOP_sal.pdf

Phoenix, Arizona-based Taylor & Bishop, LLC, filed for Chapter 11
bankruptcy protection on October 8, 2010 (Bankr. D. Ariz. Case No.
10-32563).  John R. Clemency, Esq., at Gallagher & Kennedy PA,
assists the Debtor in its restructuring effort.


TAYLOR & BISHOP: Section 341(a) Meeting Scheduled for Nov. 9
------------------------------------------------------------
The U.S. Trustee for Region 14 will convene a meeting of Taylor &
Bishop, LLC's creditors on November 9, 2010, at 11:30 a.m.  The
meeting will be held at the US Trustee Meeting Room, 230 N. First
Avenue, Suite 102, Phoenix, AZ.

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.

Phoenix, Arizona-based Taylor & Bishop, LLC, filed for Chapter 11
bankruptcy protection on October 8, 2010 (Bankr. D. Ariz. Case No.
10-32563).  John R. Clemency, Esq., at Gallagher & Kennedy PA,
assists the Debtor in its restructuring effort.  According to its
schedules, the Debtor disclosed $16,040,393 in total assets and
$9,934,149 in total liabilities at the Petition Date.


TAYLOR & BISHOP: Taps Gallagher & Kennedy as Gen. Bankr. Cousnel
----------------------------------------------------------------
Taylor & Bishop, LLC, asks for authorization from the U.S.
Bankruptcy Court for the District of Arizona to employ Gallagher &
Kennedy, P.A., as general bankruptcy and restructuring counsel.

G&K will, among other things:

     a. prepare applications, motions, answers, orders, reports
        and other legal papers;

     b. appear in Court and protect the interests of the Debtor
        before the Court;

     c. assist the Debtor with loan work outs and with the
        collection and disposition of the Debtor's assets, by sale
        or otherwise; and

     d. assist the Debtor in preparing and confirming a Chapter 11
        plan.

The hourly rates of G&K's personnel are:

        John R. Clemency                   $525
        Julie Rystad                       $400
        Lindsi Weber                       $275
        Brooke Allison                     $250
        Shareholders                    $350-$575
        Associates                      $250-$350
        Paralegals                      $185-$225
        Legal Assistants                   $150

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

Phoenix, Arizona-based Taylor & Bishop, LLC, is a limited
liability company that was formed in 2007 solely for the purpose
of owning and maintaining the real property at 1431 West Taylor
Street, Chicago, Illinois, in order house the National Italian
American Sports Hall of Fame.  From its inception, T&B has
operated much like a non-profit company, its fundamental purpose
being to pay tribute to Italian-American athlete and raise money
for scholarships and other charitable causes.

Taylor & Bishop filed for Chapter 11 bankruptcy protection on
October 8, 2010 (Bankr. D. Ariz. Case No. 10-32563).  John R.
Clemency, Esq., at Gallagher & Kennedy PA, assists the Debtor in
its restructuring effort.  According to its schedules, the Debtor
disclosed $16,040,393 in total assets and $9,934,149 in total
liabilities at the Petition Date.


TENX BIOPHARMA: Creditors Attempt to Stop Sale
----------------------------------------------
A group of employees and shareholders are attempting to force TenX
Biopharma Inc. into involuntary bankruptcy proceedings to prevent
an acquisition of the lymphoma drug developer, according to its
chairman, Dow Jones' Small Cap reports.

Concord Management Group Int'l, Jim Meyer, and Maurice Briggs,
filed an involuntary Chapter 11 petition (Bankr. E.D. Pa. Case No.
10-18968) for Tenx Biopharma Inc. on Oct. 15, 2010.


TENX BIOPHARMA: Involuntary Chapter 11 Case Summary
---------------------------------------------------
Alleged Debtor: Tenx Biopharma, Inc.

Involuntary Chapter 11 Petition Date: October 15, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

                Two Penn Center
                1500 JFK Blvd., Suite 1301
                Philadelphia, PA 19102

Bankruptcy Case No.: 10-18968

Involuntary Chapter 11 Petition Date: October 15, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Petitioners' Counsel: Albert A. Ciardi, III, Esq.
                      CIARDI CIARDI & ASTIN, P.C.
                      One Commerce Square
                      2005 Market Street, Suite 1930
                      Philadelphia, PA 19103
                      Tel: (215) 557-3550
                      Fax: (215) 557-3551
                      E-mail: aciardi@ciardilaw.com

Creditors who signed the Chapter 11 petition:

  Petitioners                    Nature of Claim    Claim Amount
  -----------                    ---------------    ------------
Concord Management Group Int'l                      $41,500
600 W. Germantown Pike #400
Plymouth Meeting, PA 19462

Jim Meyer                                           $25,747
1098 Old Shuylkill Road
Pottstown, PA 19465

Maurice Briggs                                      $19,608
449 Belle Avenue
Harleysville, PA 19438


Brian Fillippini                                    $16,000
109 N. Orianna #300
Philadelphia, PA 19106

Shayne A. Ballard                                   $3,400
PO BOx 3924
Charleston, WV 25339

John Holyoake                                       $1,269
Church Lane
Attenborough
Nottinghamshire NG9 6AS
United Kingdom


TERRESTAR NETWORKS: Asks for Schedules Filing Extension
-------------------------------------------------------
Terrestar Networks Inc. and its units ask the Court to grant them
additional time within which to file their (a) statements of
financial affairs, (b) schedules of assets and liabilities, (c)
schedules of current income and expenditures, (d) statements of
executory contracts and unexpired leases and (e) lists of equity
security holders.

Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, relates that the Debtors have begun compiling
information that will be required to complete the Schedules and
Statements.  However, he points out, as a consequence of the
complexity of the Debtors' business operations and the
geographical spread of the Debtors' operations, the Debtors have
not yet finished gathering the needed information.

The Debtors, together with their non-Debtor affiliates, hold an
aggregate of approximately $1.4 billion in assets and
approximately $1.6 billion in liabilities as indicated in their
most recent audited balance sheet.  The Debtors estimate that
they have approximately 1,500 creditors on a combined basis.

Given the numerous critical operational matters that the Debtors'
accounting and legal personnel must address in the early days of
these Chapter 11 cases and the volume of information that must be
prepared and included in the Schedules and Statements, the
Debtors anticipate that they will be unable to complete their
Schedules and Statements within the 14 days required under Rule
1007 of the Federal Rules of Bankruptcy Procedure.

Mr. Dizengoff asserts that focusing the attention of key
accounting and legal personnel on vital operational and
restructuring issues during the critical first weeks after filing
the Chapter 11 cases, rather than on preparing Schedules and
Statements, will help the Debtors make a smooth transition into
Chapter 11 and, therefore, ultimately will maximize the value of
the Debtors' estates for the benefit of creditors and all
parties-in-interest.

Accordingly, the Debtors seek a 30-day extension of the time by
which they must file their Schedules and Statements to the Court
or through and including December 2, 2010.

                     About Terrestar Networks

TerreStar Networks Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code in Manhattan (Bankr. S.D.N.Y. Lead Case No.
10-15446).

The Debtors' parent, TerreStar Corporation (NASDAQ: TSTR), is not
among the Chapter 11 filers.

TerreStar had $1.4 billion of assets and $1.64 billion of
liabilities as of June 30, according to its quarterly report filed
with the U.S. Securities and Exchange Commission.

The list of largest secured creditors shows U.S Bank National
Association:

     -- as indenture trustee, is owed $943.96 million on account
        of 15% Senior Secured PIK Notes due 2014; and

     -- as collateral agent, is owed $85.96 million on account of
        a money credit Agreement.

Reston, Va.-based TerreStar Corporation (NASDAQ: TSTR)
-- http://www.terrestar.com/-- is in the mobile communications
business through its ownership of TerreStar Networks, its
principal operating subsidiary, and TerreStar Global.

TerreStar Networks, in cooperation with its Canadian partners,
TerreStar Canada and TerreStar Solutions, majority-owned
subsidiaries of Trio 1 and 2 General Partnerships, plans to launch
an innovative wireless communications system to provide mobile
coverage throughout the United States and Canada using integrated
satellite-terrestrial smartphones and other devices.  This system
build out will be based on an integrated satellite and ground-
based technology intended to provide communication service in most
hard-to-reach areas and will provide a nationwide interoperable,
survivable and critical communications infrastructure.  The
Company intends to provide multiple communications applications,
including voice, data and video services.

As of June 30, 2010, the Company had four wholly owned
subsidiaries, MVH Holdings Inc., Motient Holdings Inc., TerreStar
Holdings Inc., and TerreStar New York Inc.  Motient Ventures
Holding Inc., a wholly owned subsidiary of MVH Holdings Inc.,
directly holds approximately 89.3% and 86.5% interest in TerreStar
Networks and TerreStar Global, respectively.

The Garden City Group, Inc. will act as claims and noticing agent
in the chapter 11 cases.  Michel Wunder, Esq., Ryan Jacobs, Esq.,
and Jarvis Hetu, Esq. at Fraser Milner Casgrain LLP and  Ira
Dizengoff, Esq. , Arik Preis, Esq., and Ashleigh Blaylock, Esq.,
at Akin Gump Strauss Hauer & Feld LLP ,  serve as bankruptcy
counsel to the Debtors.  Blackstone Advisory Partners LP is the
financial advisor.


TERRESTAR NETWORKS: Proposes TSN to Act as Foreign Representative
-----------------------------------------------------------------
TerreStar Networks, Inc. and its debtor affiliates ask the U.S.
Bankruptcy Court for the Southern District of New York, to
authorize it to act as the foreign representative on behalf of
the Debtors' estates in any judicial or other proceedings in a
foreign country, including proceedings pursuant to the Companies'
Creditors Arrangement Act in the Ontario Superior Court of
Justice (Commercial List) in Toronto, Ontario, Canada.

Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, relates that TerreStar Networks intends to shortly ask
the Canadian Court to recognize the Chapter 11 cases as a
"foreign main proceeding" under the CCAA in order to, among other
things, protect the Debtors' assets and operations in Canada.

To commence the Canadian Proceedings, the Debtors need authority
for a Debtor entity to act as the "foreign representative" of the
Debtors' estates and therefore seek to appoint TerreStar Networks
as that foreign representative.

Authorizing TerreStar Networks to act as Foreign Representative
on behalf of the Debtors' estates in the Canadian Proceedings
will allow coordination of the Chapter 11 cases and the Canadian
Proceedings, and provide an effective mechanism to protect and
maximize the value of the Debtors' assets, Mr. Dizengoff
contends.

                     About Terrestar Networks

TerreStar Networks Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code in Manhattan (Bankr. S.D.N.Y. Lead Case No.
10-15446).

The Debtors' parent, TerreStar Corporation (NASDAQ: TSTR), is not
among the Chapter 11 filers.

TerreStar had $1.4 billion of assets and $1.64 billion of
liabilities as of June 30, according to its quarterly report filed
with the U.S. Securities and Exchange Commission.

The list of largest secured creditors shows U.S Bank National
Association:

     -- as indenture trustee, is owed $943.96 million on account
        of 15% Senior Secured PIK Notes due 2014; and

     -- as collateral agent, is owed $85.96 million on account of
        a money credit Agreement.

Reston, Va.-based TerreStar Corporation (NASDAQ: TSTR)
-- http://www.terrestar.com/-- is in the mobile communications
business through its ownership of TerreStar Networks, its
principal operating subsidiary, and TerreStar Global.

TerreStar Networks, in cooperation with its Canadian partners,
TerreStar Canada and TerreStar Solutions, majority-owned
subsidiaries of Trio 1 and 2 General Partnerships, plans to launch
an innovative wireless communications system to provide mobile
coverage throughout the United States and Canada using integrated
satellite-terrestrial smartphones and other devices.  This system
build out will be based on an integrated satellite and ground-
based technology intended to provide communication service in most
hard-to-reach areas and will provide a nationwide interoperable,
survivable and critical communications infrastructure.  The
Company intends to provide multiple communications applications,
including voice, data and video services.

As of June 30, 2010, the Company had four wholly owned
subsidiaries, MVH Holdings Inc., Motient Holdings Inc., TerreStar
Holdings Inc., and TerreStar New York Inc.  Motient Ventures
Holding Inc., a wholly owned subsidiary of MVH Holdings Inc.,
directly holds approximately 89.3% and 86.5% interest in TerreStar
Networks and TerreStar Global, respectively.

The Garden City Group, Inc. will act as claims and noticing agent
in the chapter 11 cases.  Michel Wunder, Esq., Ryan Jacobs, Esq.,
and Jarvis Hetu, Esq. at Fraser Milner Casgrain LLP and  Ira
Dizengoff, Esq. , Arik Preis, Esq., and Ashleigh Blaylock, Esq.,
at Akin Gump Strauss Hauer & Feld LLP ,  serve as bankruptcy
counsel to the Debtors.  Blackstone Advisory Partners LP is the
financial advisor.


TERRESTAR NETWORKS: Elektrobit Asserts Significant Receivables
--------------------------------------------------------------
EB Elektrobit Corporation Chief Executive Officer Jukka Harju
released a statement on October 20, 2010, in relation to
TerreStar's recent bankruptcy filing, as follows:

  A customer of EB's (Elektrobit Corporation) subsidiary
  Elektrobit Inc., TerreStar Corporation (TerreStar), has
  yesterday issued a press release according to which its
  majority-owned subsidiary TerreStar Networks Inc. (TerreStar
  Networks), which is also a customer of Elektrobit Inc., and
  certain other affiliates of TerreStar have, in order to
  strengthen their financial position, filed voluntary petitions
  for reorganization under Chapter 11 of the United States
  Bankruptcy Code, which establishes a process for reorganizing
  financially troubled companies. Under such reorganization
  process, payment by TerreStar Networks of amounts owed to its
  creditors will require approval by the United States
  Bankruptcy Court and, if made pursuant to a plan of
  reorganization, an affirmative vote of TerreStar Networks'
  creditors.  The timing of any such payment cannot be predicted
  with any degree of certainty at this time.

  At the moment, EB's receivables from TerreStar Networks amount
  to approximately USD 25.7 million (EUR 18.5 million as per
  exchange rate of October 19, 2010), out of which USD 24.2
  million (EUR 17.5 million as per exchange rate of October 19,
  2010) are outstanding.  TerreStar Networks' court filings
  contain only limited information on how these receivables will
  be treated in the reorganization.  Thus, potential
  implications of TerreStar Networks' filing for reorganization
  on EB's profit, financial position and outlook or the
  potential implications on the parties' business relations
  cannot be currently evaluated.  Potential implications on EB
  will be announced later when reasoned analysis can be made.
  Based on EB's current understanding, there is no reason to
  believe that EB would not be able to collect at least most of
  the receivables in due course.  It is possible that based on
  later information, this view may need to be reconsidered.  At
  the worst, TerreStar Networks' reorganization process and
  challenges in obtaining funding may also result in significant
  credit losses for EB or even termination of the business
  relation should TerreStar Networks, in an exercise of its
  business judgment and with Court approval, determine that it
  will not comply with its contractual obligations towards EB as
  provided by EB.

  According to TerreStar's release, TerreStar Networks has,
  concurrently with the filing for reorganization, agreed on
  certain financing arrangements in order to ensure the
  maintaining of business-as-usual operations during the
  restructuring process and to support expedited emergence from
  the reorganization process.

  Since 2007 EB Inc, a subsidiary of Elektrobit Corporation
  (EB), and TerreStar have co-operated in development of handset
  technologies and reference designs for TerreStar's satellite-
  terrestrial all-IP mobile network.  The cooperation has
  covered development of a dual-mode reference smartphone where
  EB acts as the main integrator and delivers product creation
  services to TerreStar.  The above-mentioned receivables are
  mainly related to the R&D co-operation between the parties.
  At the end of 2009, the co-operation expanded as the parties
  agreed that EB will also have manufactured and deliver to
  TerreStar EB-designed TerreStar(TM) GENUS(TM) smartphones.
  In September, TerreStar(TM) GENUS(TM) smartphone received the
  technical acceptance in the certification process of mobile
  operator AT&T and is now available through AT&T on the USA
  market.  EB has sub-contracted with Electronics Manufacturing
  Services provider Flextronics to manufacture the products to
  be delivered to TerreStar.

  EB has, in its January-June 2010 Interim Report released on
  August 6, 2010, announced that challenges in obtaining funding
  have also resulted in payment delays by one of EB's customers
  and increased the risk of credit losses.  The customer
  referred to in the Interim Report is TerreStar Networks.  EB
  will release the January-September 2010 Interim Report on
  October 28, 2010.

  EB develops advanced technology and transforms it into
  enriching end user experiences.  EB specializes in demanding
  embedded software and hardware solutions for the automotive
  industry and wireless technologies.  The company's net sales
  for the year 2009 totaled EUR153.8 million.  Elektrobit
  Corporation is listed on the NASDAQ OMX Helsinki.

                     About Terrestar Networks

TerreStar Networks Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code in Manhattan (Bankr. S.D.N.Y. Lead Case No.
10-15446).

The Debtors' parent, TerreStar Corporation (NASDAQ: TSTR), is not
among the Chapter 11 filers.

TerreStar had $1.4 billion of assets and $1.64 billion of
liabilities as of June 30, according to its quarterly report filed
with the U.S. Securities and Exchange Commission.

The list of largest secured creditors shows U.S Bank National
Association:

     -- as indenture trustee, is owed $943.96 million on account
        of 15% Senior Secured PIK Notes due 2014; and

     -- as collateral agent, is owed $85.96 million on account of
        a money credit Agreement.

Reston, Va.-based TerreStar Corporation (NASDAQ: TSTR)
-- http://www.terrestar.com/-- is in the mobile communications
business through its ownership of TerreStar Networks, its
principal operating subsidiary, and TerreStar Global.

TerreStar Networks, in cooperation with its Canadian partners,
TerreStar Canada and TerreStar Solutions, majority-owned
subsidiaries of Trio 1 and 2 General Partnerships, plans to launch
an innovative wireless communications system to provide mobile
coverage throughout the United States and Canada using integrated
satellite-terrestrial smartphones and other devices.  This system
build out will be based on an integrated satellite and ground-
based technology intended to provide communication service in most
hard-to-reach areas and will provide a nationwide interoperable,
survivable and critical communications infrastructure.  The
Company intends to provide multiple communications applications,
including voice, data and video services.

As of June 30, 2010, the Company had four wholly owned
subsidiaries, MVH Holdings Inc., Motient Holdings Inc., TerreStar
Holdings Inc., and TerreStar New York Inc.  Motient Ventures
Holding Inc., a wholly owned subsidiary of MVH Holdings Inc.,
directly holds approximately 89.3% and 86.5% interest in TerreStar
Networks and TerreStar Global, respectively.

The Garden City Group, Inc. will act as claims and noticing agent
in the chapter 11 cases.  Michel Wunder, Esq., Ryan Jacobs, Esq.,
and Jarvis Hetu, Esq. at Fraser Milner Casgrain LLP and  Ira
Dizengoff, Esq. , Arik Preis, Esq., and Ashleigh Blaylock, Esq.,
at Akin Gump Strauss Hauer & Feld LLP ,  serve as bankruptcy
counsel to the Debtors.  Blackstone Advisory Partners LP is the
financial advisor.


THOMAS BOLES: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Thomas T. Boles, III
               Janice A. Boles
                pka Janice A. Miller
                aka Janice Miller Boles
               P.O. Box 463
               Spotsylvania, VA 22553

Bankruptcy Case No.: 10-37197

Chapter 11 Petition Date: October 15, 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 Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/vaeb10-37197.pdf


TRIANGLE MANAGEMENT: Asks Court to Dismiss its Chapter 11 Case
--------------------------------------------------------------
Triangle Management Investment, Inc., asks the U.S. Bankruptcy
Court for the Southern District of Florida to dismiss its Chapter
11 bankruptcy case.

The Debtor has determined that its Chapter 11 case was commenced
in error.

The Debtor says that it is a management company, and has no real
assets of any significant value.  Its debts are current debts.

According to the Debtor, it wasn't made clear to the Debtor's
represented by prior counsel that a bankruptcy petition for the
Debtor was being filed.  The Debtor had used the services of
another law firm, Katz & Associates, PL, to commence its
bankruptcy case.  A review of the paperwork filed by the prior
counsel reveals numerous factual and legal errors on the
paperwork.

The Debtor caused the prior counsel to be paid $10,000 prior to
the filing of its bankruptcy case.  As a result of the mistakes of
prior counsel in commencing this case for the Debtor, and then
filing papers that were incorrect, the Debtor believes that the
prior counsel didn't earn a fee.  The Debtor claims that it didn't
need bankruptcy relief.  According to the Debtor, the bankruptcy
filing has caused the Debtor damages, inter alia, credit
facilities that were available for the Debtor to perform its
management services have been shut down as a direct result of the
Debtor's bankruptcy filing.

Hollywood, Florida-based Triangle Management Investments, Inc. --
dba Hollywood Inn & Suites, LLC, et al. -- filed for Chapter 11
bankruptcy protection on October 7, 2010 (Bankr. S.D. Fla. Case
No. 10-40792).  Anna B. Middleton, Esq., who has an office in
Wilton, Florida, assists the Debtor in its restructuring effort.
The Debtor estimated its assets at $10 million to $50 million and
debts at $50 million to $100 million.


TRIANGLE MANAGEMENT: Wants to Hire Behar Gutt as Counsel
--------------------------------------------------------
Triangle Management Investments, Inc., asks for authorization from
the U.S. Bankruptcy Court for the Southern District of Florida to
employ Behar, Gutt & Glazer, P.A., as counsel.

The Debtor used Katz & Associates, PL's services to commence its
Chapter 11 bankruptcy case.  The Debtor has determined that the
case was commenced in error and that it shouldn't have been filed.

The Debtor wants to hire Behar Gutt as attorney in this case, for
the purpose of moving to dismiss the Chapter 11 case.

Brian S. Behar, Esq., a member at Behar Gutt, assures the Court
that the firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

The Debtor and Behar Gutt didn't disclose how Behar Gutt will be
compensated for its services.

Katz has asked the Court for authorization to withdraw from
representation of the Debtor in the case.

On October 11, 2010, Katz terminated legal representation of the
Debtor and its principals in any and all of their cases due to
ethical and professional considerations.  The Debtor was informed
of the intent to withdraw Katz as counsel.

According to Katz, the Debtor repeatedly refused the advice of the
firm and didn't provide all requested, required and complete
information to the firm thereby rendering attorney's
representation unreasonably difficult; and therefore, the
attorney-client relationship was rendered irreconcilable.

Katz has attempted to contact the U.S. Trustee regarding the
filing in general, and then ultimately the necessity of withdrawal
by the firm as counsel, but was unable to connect with the U.S.
Trustee attorney assigned to the case.

Hollywood, Florida-based Triangle Management Investments, Inc. --
dba Hollywood Inn & Suites, LLC, et al. -- filed for Chapter 11
bankruptcy protection on October 7, 2010 (Bankr. S.D. Fla. Case
No. 10-40792).  The Debtor estimated its assets at $10 million to
$50 million and debts at $50 million to $100 million.


TRIANGLE MANAGEMENT: Section 341(a) Meeting Scheduled for Nov. 30
-----------------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of Triangle
Management Investments, Inc.'s creditors on November 30, 2010, at
3:00 p.m.  The meeting will be held at U.S. Courthouse, 299 E
Broward Blvd #411, Fort Lauderdale, FL 33301.

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.

Hollywood, Florida-based Triangle Management Investments, Inc. --
dba Hollywood Inn & Suites, LLC, et al. -- filed for Chapter 11
bankruptcy protection on October 7, 2010 (Bankr. S.D. Fla. Case
No. 10-40792).  Anna B. Middleton, Esq., who has an office in
Wilton, Florida, assists the Debtor in its restructuring effort.
The Debtor estimated its assets at $10 million to $50 million and
debts at $50 million to $100 million.


VHGI HOLDINGS: Takes Back MOS Assets Sold to MOS Acquisition
------------------------------------------------------------
On July 30, 2010, Medical Office Software, Inc. ("MOS"), a Florida
corporation and a subsidiary of VHGI Holdings, Inc., a Delaware
corporation, entered into an asset purchase agreement with MOS
Acquisition, LLC, a Florida limited liability company
("Purchaser"), pursuant to which VHGI sold to Purchaser, for a
total purchase price of $1,300,000, certain assets of MOS.

The purchase price consisted of (i) $300,000 in cash; (ii) a
secured promissory note in the principal amount of $1,000,000; and
(iii) a warrant with a five-year exercise period which provides
the right to purchase up to 1% of the equity of the Purchaser.

The MOS Note, which was secured by a security interest in the
Purchased Assets, carried an interest rate of 6% per annum, and
provided for an initial $100,000 payment due August 2, 2010, with
the remaining principal and interest due on September 30, 2010
(the "Final Payment").  Per the terms of the MOS Note, if the
Purchaser failed to make the Final Payment by September 30, 2010,
ownership and title of the Assets were to immediately vest in MOS,
with the holder of the MOS Note remaining entitled to exercise and
enforce its rights under the MOS Note.

By letter dated September 30, 2010, the Purchaser received notice
that it had failed to timely deliver the Final Payment, and that
if the Final Payment were not received by MOS on or before
October 4, 2010, it would constitute an uncured default under the
terms of the MOS Note.  As of October 5, 2010, the Final Payment
had not been received by MOS.  As such, effective October 5, 2010,
MOS has (i) taken all ownership and title to the Assets per the
terms of the MOS Note, (ii) retained both the Cash Consideration
and the Initial Payment, together with any other payments received
under the MOS Note, and (iii) reserved the right to exercise any
and all of its other rights and remedies under the MOS Note.

                       About VHGI Holdings

Lexington, Ky.-based VHGI Holdings, Inc. (OTC BB: VHGI) made the
transition in the first and second quarters of 2010 from a
healthcare technology company to a holding company, with both
operating subsidiaries and operating assets acquired in the
precious metals and energy resources industries.

The Company's balance sheet as of June 30, 2010, showed
$3.3 million in total assets, $1.5 million in total liabilities,
and stockholders' equity of $1.8 million.

                          *     *     *

Pritchett, Siler & Hardy, P.C., in Salt Lake City, expressed
substantial doubt about VHGI Holdings, Inc.'s ability to continue
as a going concern after auditing the Company's financial
statements for the year ended December 31, 2009.  The independent
auditors noted that the Company has substantial losses and has a
working capital deficit.


YRC WORLDWIDE: Sees Positive 3rd Quarter 2010 Adjusted EBITDA
-------------------------------------------------------------
YRC Worldwide Inc. provided an update on its expected third
quarter results including:

   * For the third quarter of 2010, tonnage per day for YRC
     National and YRC Regional was 1.2% and 2.1%, respectively,
     higher than the tonnage per day for the second quarter of
     2010.  Revenue per shipment during the third quarter of 2010
     for YRC National and YRC Regional was 1.9% and 3.7%,
     respectively, higher than the third quarter of 2009.

   * The company expects third quarter 2010 positive adjusted
     EBITDA within a range of $42 million to $46 million.  For the
     second and third quarters of 2010, the company expects
     cumulative adjusted EBITDA within a range of $82 million to
     $86 million, which exceeds the $50 million covenant level
     required by its credit agreement.  The company expects a
     third quarter 2010 operating loss within a range of $18
     million to $22 million.  As a comparison, the company
     reported an operating loss of approximately $35 million for
     the second quarter of 2010 when excluding an $83 million non-
     cash benefit from an adjustment to the fair value of the
     March 2010 union employee equity award.

   * At September 30, 2010, the company's estimated cash and cash
     equivalents were $115 million, restricted revolver reserves
     were $123 million, and unrestricted availability was $46
     million, for a total of $284 million.  During the third
     quarter of 2010 the company repaid $25 million of outstanding
     borrowings on its asset-backed securitization facility.

The company will hold a conference call for the investment
community on Friday, November 5, 2010, beginning at 9:30am ET,
8:30am CT.  Third quarter earnings will be released the same day,
Friday, November 5, 2010, prior to the opening of the market.

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that through
wholly owned operating subsidiaries offers its customers a wide
range of transportation services.  These services include global,
national and regional transportation as well as logistics.

The company's balance sheet for June 30, 2010, showed $2.8 billion
in total assets, $1.1 billion in total current liabilities, $913.4
million in long term debt, $146.2 million deferred income taxes,
$352.6 million pension and post retirement, $359.2 million claims
and other liabilities, $37,000 noncurrent liabilities, and
a $77.2 million stockholders' deficit.

                          *     *     *

As reported in the Troubled Company Reporter on March 18, 2010,
KPMG LLP, in Kansas City, Missouri, expressed substantial doubt
about YRC Worldwide's ability to continue as a going concern in
its report on the Company's consolidated financial statements as
of and for the year ended December 31, 2009.  The independent
auditors noted that the Company has experienced significant
declines in operations, cash flows, and liquidity.


* Fisher Brothers Raise Cash to Buy Troubled Real Estate Projects
-----------------------------------------------------------------
The Wall Street Journal's Peter Grant and Lingling Wei report that
the Fisher Brothers, one of New York's storied real-estate
families, has sold a 49% stake in Park Avenue Plaza in Manhattan
to Rockpoint Group LLC, an investment firm, for about $330
million.  The report says the Fishers family is stockpiling cash
to pursue bargains they hope will become available in an expected
shakeout in the commercial real-estate market.  Fisher Brothers,
which mostly invests in New York and Washington, D.C., already is
close to taking over two distressed construction projects, the
report says.


* Chapter 11 Cases With Assets & Liabilities Below $1,000,000
-------------------------------------------------------------
Recent Chapter 11 cases filed with assets and liabilities below
$1,000,000:

In Re Roy Dixon
   Bankr. N.D. Ga. Case No. 10-89193
      Chapter 11 Petition filed October 1, 2010
         filed pro se

In Re Briar Ridge Country Club Unit 16 LLC
   Bankr. N.D. Ind. Case No. 10-24639
      Chapter 11 Petition filed October 1, 2010
         filed pro se

In Re Fort Wayne Automart, LLC
        dba Gone Banana's Ice Cream
   Bankr N.D. Ind. Case No. 10-14326
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/innb10-14326.pdf

In Re Happy Tymes Family Fun Center, Inc.
   Bankr E.D. Pa. Case No. 10-18571
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/paeb10-18571p.pdf
         See http://bankrupt.com/misc/paeb10-18571c.pdf

In Re Archer Healthcare Providers, LLC
        dba Archer City Nursing Center
   Bankr N.D. Texas Case No. 10-70454
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/txnb10-70454.pdf

In Re JLE Investments, LLC
        dba Crystal Creek Apartments
   Bankr N.D. Texas Case No. 10-36852
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/txnb10-36852.pdf

In Re Paducah Healthcare Providers, LLC
        dba Paducah Nursing Center
   Bankr N.D. Texas Case No. 10-70455
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/txnb10-70455.pdf

In Re Professional Radiator/AC Service Incorporated
        dba Professional Golf Cart Sales & Service
        dba Professional Tire & Wheel
   Bankr S.D. W. Va. Case No. 10-40309
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/wvsb10-40309.pdf

In Re Jabez Properties LLC
   Bankr. W.D. Wash. Case No. 10-48220
     Chapter 11 Petition filed October 1, 2010
         filed pro se

In Re Regal Leasing, Inc.
   Bankr W.D. Wash. Case No. 10-48223
      Chapter 11 Petition Filed October 1, 2010
         See http://bankrupt.com/misc/wawb10-48223.pdf

In Re Boettiger, Garrett, Hanchin and Maruca, LLC
   Bankr N.D. Texas Case No. 10-36927
      Chapter 11 Petition Filed October 3, 2010
         See http://bankrupt.com/misc/txnb10-36927.pdf

In Re Robert Anthony Rositano Jr.
      Stacy Leigh Rositano
   Bankr. N.D. Calif. Case No. 10-60389
      Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re 1601 SWD LLC
        dba 1601 SWD LLC
   Bankr. D. S.C. Case No. 10-07156
     Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re David Carson Gressette
      Casey Horner Gressette
   Bankr. D. S.C. Case No. 10-07153
      Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re Manoj Gordhan Patel
   Bankr D. S.C. Case No. 10-07166
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/scb10-07166.pdf

In Re Peggy D. Brewer
   Bankr M.D. Tenn. Case No. 10-10765
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/tnmb10-10765.pdf

In Re 2251 Brookhollow, L.P.
        aka 2261 Brookhollow, L.P.
        dba The Centre at Brookhollow,
   Bankr N.D. Texas Case No. 10-46519
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txnb10-46519p.pdf
         See http://bankrupt.com/misc/txnb10-46519c.pdf

In Re Michael J. Evans
      Robin L. Evans
   Bankr N.D. Texas Case No. 10-46447
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txnb10-46447.pdf

In Re Stephany Hughes Griffith
   Bankr. N.D. Texas Case No. 10-37028
      Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re SWT Properties, Inc.,
   Bankr. N.D. Texas Case No. 10-36961
      Chapter 11 Petition filed October 4, 2010
         Filed pro se

In Re A-Tap, Inc.
   Bankr S.D. Texas Case No. 10-38904
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txsb10-38904.pdf

In Re E. Jordon, Inc.
   Bankr S.D. Texas Case No. 10-38949
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txsb10-38949.pdf

In Re New Concept Development and Construction, LLC
   Bankr S.D. Texas Case No. 10-70711
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txsb10-70711.pdf

In Re Scott Fitzgerald Carter
   Bankr. S.D. Texas Case No. 10-38761
     Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re Sergio Arturo Vela
   Bankr. S.D. Texas Case No. 10-70705
     Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re Tony Aundrey Alexander
   Bankr. S.D. Texas Case No. 10-38928
      Chapter 11 Petition filed October 4, 2010
         filed pro se

In Re J. R. Harig
   Bankr W.D. Texas Case No. 10-70298
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txwb10-70298.pdf

In Re Padgetts Used Cars, Inc.
   Bankr W.D. Texas Case No. 10-53879
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/txwb10-53879.pdf

In Re Los Burros Inc.
        dba Jalisco Mexican Restaurant
   Bankr W.D. Wash. Case No. 10-21853
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/wawb10-21853.pdf

In Re Nancy Jo Hukill
   Bankr N.D. W.Va. Case No. 10-02109
      Chapter 11 Petition Filed October 4, 2010
         See http://bankrupt.com/misc/wvnb10-02109.pdf

In Re Bobby Warren Salter
   Bankr M.D. Fla. Case No. 10-17857
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/flmb10-17857.pdf

In Re Yevgeny Morozov
   Bankr M.D. Fla. Case No. 10-08733
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/flmb10-08733.pdf

In Re Northwood SG 2, LLC
   Bankr S.D. Fla. Case No. 10-40405
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/flsb10-40405.pdf

In Re Michael J. Wood, Jr.
        aka Mike Wood, Jr.
        dba Georgia Locators and Recovery
        fdba Georgia Locators and Recovery, Inc.
      Kristen Lynn Wood
   Bankr M.D. Ga. Case No. 10-11736
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/gamb10-11736.pdf

In Re United Clothier, Inc.
      dba Cavaliers
   Bankr M.D. Ga. Case No. 10-11737
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/gamb10-11737.pdf

In Re Longleaf Rental Properties, LLC
   Bankr. S.D. Ga. Case No. 10-50980
      Chapter 11 Petition filed October 5, 2010
         filed pro se

In Re Millennium Daycare, Inc.
   Bankr D. Mass. Case No. 10-20945
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/mab10-20945.pdf

In Re Mediterranean Pita Bread, LLP
   Bankr. D. N.J. Case No. 10-40903
      Chapter 11 Petition filed October 5, 2010
         filed pro se

In Re Kingwood Affiliates, LLC
        dba Atascocita Boarding and Grooming
   Bankr S.D. Texas Case No. 10-39019
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/txsb10-39019.pdf

In Re O.T., Inc.
   Bankr W.D. Texas Case No. 10-70303
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/txwb10-70303.pdf

In Re Seattle Language Academy
   Bankr W.D. Wash. Case No. 10-21915
      Chapter 11 Petition Filed October 5, 2010
         See http://bankrupt.com/misc/wawb10-21915.pdf

In Re Old South Development, LLC
   Bankr S.D. Ala. Case No. 10-04623
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/alsb10-04623.pdf

In Re Cal-West Funding, Torrance, Inc.
        aka Cal West Funding/Torrance, Inc.
   Bankr C.D. Calif. Case No. 10-52998
      Chapter 11 Petition filed October 6, 2010
         See http://bankrupt.com/misc/cacb10-52998.pdf

In Re Robert James Lutze, Jr.
        aka Jim Lutze, Jr.
      Rebecca Olga Lutze
        aka Rebecca O Burch
   Bankr C.D. Calif. Case No. 10-42487
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/cacb10-42487.pdf

In Re Amede Nho Le
        dba Vina Check
      Thanh Thi Nguyen
        dba Vina Check
   Bankr. E.D. Calif. Case No. 10-46596
     Chapter 11 Petition filed October 6, 2010
         filed pro se

In Re Tamim Hamid
  Bankr. N.D. Calif. Case No. 10-71542
     Chapter 11 Petition filed October 6, 2010
         filed pro se

In Re 481 Albany, LLC
   Bankr D. Conn. Case No. 10-23441
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/ctb10-23441.pdf

In Re Church of God of Pembroke Inc.
  Bankr. S.D. Fla. Case No. 10-40576
     Chapter 11 Petition filed October 6, 2010
         filed pro se

In Re Alexander K. Amuah
   Bankr D. Md. Case No. 10-32994
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/mdb10-32994.pdf

In Re A & R Macomb, LLC
        dba The Bank Nightlife
   Bankr E.D. Mich. Case No. 10-70912
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/mieb10-70912.pdf

In Re A.M.R. Wholesale Inc.
   Bankr S.D.N.Y. Case No. 10-15256
      Chapter 11 Petition filed October 6, 2010
         See http://bankrupt.com/misc/nysb10-15256.pdf

In Re Patrick Resk
      Stacey Resk
   Bankr S.D.N.Y. Case No. 10-24101
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/nysb10-24101.pdf

In Re Marilynn, Inc.
        dba Sylvan Learning Center
   Bankr E.D. N.C. Case No. 10-08179
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/nceb10-08179.pdf

In Re Senior Housing Alternatives, Inc.
        dba Summit View
   Bankr E.D. Tenn. Case No. 10-15930
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/tneb10-15930.pdf

In Re Eternal Life Church and Tree of Life Ministries, Inc.
   Bankr W.D. Tenn. Case No. 10-30869
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/tnwb10-30869.pdf

In Re 507 East Hollow Creek Drive Draper UT LLC
   Bankr D. Utah Case No. 10-33790
      Chapter 11 Petition Filed October 6, 2010
         See http://bankrupt.com/misc/utb10-33790.pdf

In Re Stonecrest Financial, Inc.
        dba Meadow-Brooke Memorial Gardens
  Bankr. E.D. Va. Case No. 10-36955
     Chapter 11 Petition filed October 6, 2010
         filed pro se

In Re Christine Hutchins
   Bankr D. Ariz. Case No. 10-32388
      Chapter 11 Petition Filed October 7, 2010
         See http://bankrupt.com/misc/azb10-32388.pdf

In Re Prechel Farms Limited Partnership
   Bankr. D. Ariz. Case No. 10-32338
     Chapter 11 Petition filed October 7, 2010
         filed pro se

In Re Phoenix Realty & Development, LLC
        dba Phoenix Renewable Energy
   Bankr W.D. Ark. Case No. 10-75276
      Chapter 11 Petition Filed October 7, 2010
         See http://bankrupt.com/misc/arwb10-75276.pdf

In Re Tile Tex Industries, Inc.
   Bankr E.D.N.Y. Case No. 10-49475
      Chapter 11 Petition Filed October 7, 2010
         See http://bankrupt.com/misc/nyeb10-49475.pdf

In Re Sunshine Bar, Inc.
        aka 1A Sunshine
  Bankr. E.D. Pa. Case No. 10-18757
     Chapter 11 Petition filed October 7, 2010
         filed pro se

In Re Aliasgher H. Houshmand
   Bankr S.D. Calif. Case No. 10-17964
      Chapter 11 Petition Filed October 7, 2010
         See http://bankrupt.com/misc/casb10-17964.pdf

In Re Farmville Group, LLC
  Bankr. E.D. Va. Case No. 10-18496
     Chapter 11 Petition filed October 7, 2010
         filed pro se

In Re Angela Kay East
        fdba The Dinner Table Restaurant
   Bankr N.D. Ala. Case No. 10-42863
      Chapter 11 Petition Filed October 8, 2010
         See http://bankrupt.com/misc/alnb10-42863.pdf

In Re DMCT, LLC
   Bankr D. Ariz. Case No. 10-32577
      Chapter 11 Petition Filed October 8, 2010
         See http://bankrupt.com/misc/azb10-32577.pdf

In Re New Century Remanufacturing Inc.
   Bankr C.D. Calif. Case No. 10-53219
      Chapter 11 Petition Filed October 8, 2010
         See http://bankrupt.com/misc/cacb10-53219.pdf

In Re Lance Joseph Casey, Sr.
        aka Lance Joseph Casey
        aka Cal-State Investigations
        aka Rock Solid Realty
        aka KC Real Estate
        aka CDS
  Bankr. E.D. Calif. Case No. 10-46815
     Chapter 11 Petition filed October 8, 2010
         filed pro se

In Re William R. Bell
      Patricia K. Bell
   Bankr D. Md. Case No. 10-33122
      Chapter 11 Petition Filed October 8, 2010
         See http://bankrupt.com/misc/mdb10-33122p.pdf
         See http://bankrupt.com/misc/mdb10-33122c.pdf

In Re Laurie Y. Moore
   Bankr E.D. Mich. Case No. 10-71054
      Chapter 11 Petition Filed October 8, 2010
         See http://bankrupt.com/misc/mieb10-71054p.pdf
         See http://bankrupt.com/misc/mieb10-71054c.pdf

In Re On Top Buildings, Inc.
   Bankr N.D.N.Y. Case No. 10-13771
      Chapter 11 Petition Filed October 8, 2010
         See http://bankrupt.com/misc/nynb10-13771.pdf

In Re Anadisk LLC
  Bankr. W.D. Pa. Case No. 10-27236
     Chapter 11 Petition filed October 8, 2010
         filed pro se

In Re Mountaineer Expedite, LLC
  Bankr. S.D. W.Va. Case No. 10-20991
     Chapter 11 Petition filed October 8, 2010
         filed pro se

In Re Perfect Lawn, Inc.
   Bankr W.D. Tenn. Case No. 10-31016
      Chapter 11 Petition Filed October 10, 2010
         See http://bankrupt.com/misc/tnwb10-31016.pdf

In Re Madre, Inc.
   Bankr D. Ariz. Case No. 10-32611
      Chapter 11 Petition Filed October 11, 2010
         See http://bankrupt.com/misc/azb10-32611.pdf

In Re Donald Fred England, Sr.
   Bankr W.D. Ark. Case No. 10-75351
      Chapter 11 Petition Filed October 11, 2010
         See http://bankrupt.com/misc/arwb10-75351.pdf

In Re Carroll Excavating, Inc.
   Bankr D. Minn. Case No. 10-47564
      Chapter 11 Petition Filed October 11, 2010
         See http://bankrupt.com/misc/mnb10-47564.pdf

In Re Swan Lake Gardens LLC
   Bankr S.D.N.Y. Case No. 10-38084
      Chapter 11 Petition filed October 11, 2010
         See http://bankrupt.com/misc/nysb10-38084.pdf

In Re Tarheel Distributing Co., Inc.
   Bankr E.D. N.C. Case No. 10-08346
      Chapter 11 Petition Filed October 11, 2010
         See http://bankrupt.com/misc/nceb10-08346.pdf

In Re Discover Organizing, Inc.
   Bankr W.D. Pa. Case No. 10-27256
      Chapter 11 Petition Filed October 11, 2010
         See http://bankrupt.com/misc/pawb10-27256.pdf

In Re Marie H. Martinez
   Bankr W.D. Texas Case No. 10-53969
      Chapter 11 Petition Filed October 11, 2010
         See http://bankrupt.com/misc/txwb10-53969.pdf

In Re Kenneth R. George
   Bankr E.D. Ark. Case No. 10-17422
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/areb10-17422.pdf

In Re Charles Virzi Construction, Inc.
   Bankr C.D. Calif. Case No. 10-24518
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/cacb10-24518.pdf

In Re Christopher Scott
   Bankr. C.D. Calif. Case No. 10-22857
     Chapter 11 Petition filed October 12, 2010
         filed pro se

In Re Damon Hollis
  Bankr. S.D. Calif. Case No. 10-18108
     Chapter 11 Petition filed October 12, 2010
         filed pro se

In Re DonMar Rentals, LLC
   Bankr S.D. Ind. Case No. 10-15386
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/insb10-15386.pdf

In Re Elan Medispa & Dermatology Center, LLC
   Bankr D. N.J. Case No. 10-41568
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/njb10-41568.pdf

In Re L. Da Vinci & Co., Inc.
   Bankr E.D.N.Y. Case No. 10-78027
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/nyeb10-78027.pdf

In Re Hoti Realty Management Co., Inc.
   Bankr S.D.N.Y. Case No. 10-24130
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/nysb10-24130.pdf

In Re Country Construction Corporation
   Bankr E.D. N.C. Case No. 10-08350
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/nceb10-08350.pdf

In Re Hancock Bail Bonds Inc.
  Bankr. W.D. Okla. Case No. 10-16242
     Chapter 11 Petition filed October 12, 2010
         filed pro se

In Re Global Broadcastings Holdings Corp.
   Bankr D. R.I. Case No. 10-14251
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/rib10-14251.pdf

In Re Southwest Insurance Marketing Group, Inc.
   Bankr. E.D. Texas Case No. 10-43541
      Chapter 11 Petition filed October 12, 2010
         See http://bankrupt.com/misc/txeb10-43541.pdf

In Re Cullen Dixon Ltd., Inc.
   Bankr W.D. Texas Case No. 10-61277
      Chapter 11 Petition Filed October 12, 2010
         See http://bankrupt.com/misc/txwb10-61277.pdf

In Re Joe-L Land Development, LLC
  Bankr N.D. Ala. Case No. 10-42915
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/alnb10-42915.pdf

In Re 6920 Redfield LLC
   Bankr. D. Ariz. Case No. 10-32904
     Chapter 11 Petition filed October 13, 2010
         filed pro se

In Re Premier Glass & Mirror LLC
   Bankr. D. Ariz. Case No. 10-32866
     Chapter 11 Petition filed October 13, 2010
         filed pro se

In Re Todd Joseph Shaw
        aka Todd J. Shaw
      Traci Lyn Shaw
        aka Traci L. Shaw
  Bankr D. Ariz. Case No. 10-33016
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/azb10-33016.pdf

In Re LDA Enterprises, Inc.
   Bankr C.D. Calif. Case No. 10-54037
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/cacb10-54037.pdf

In Re Jennifer J. Vest
   Bankr S.D. Fla. Case No. 10-41229
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/flsb10-41229p.pdf
         See http://bankrupt.com/misc/flsb10-41229c.pdf

In Re Mayfair Estates LLC
   Bankr S.D.N.Y. Case No. 10-15335
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/nysb10-15335.pdf

In Re John Manuel Lott
      Audrey Mae Lott
  Bankr N.D. Ala. Case No. 10-84232
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/alnb10-84232.pdf

In Re Lizanatay Holdings, LLC
   Bankr D. Ariz. Case No. 10-33218
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/azb10-33218.pdf

In Re Lizanatay Management Services, LLC
   Bankr D. Ariz. Case No. 10-33209
      Chapter 11 Petition filed October 14, 2010
          See http://bankrupt.com/misc/azb10-33209.pdf

In Re Silverado Pacific Enterprises Inc.
   Bankr. C.D. Calif. Case No. 10-22962
     Chapter 11 Petition filed October 14, 2010
         filed pro se

In Re Charlie Greer
      Olivia Greer
   Bankr S.D. Calif. Case No. 10-18259
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/casb10-18259.pdf

In Re William E. Eisen
   Bankr. S.D. Calif. Case No. 10-18286
     Chapter 11 Petition filed October 14, 2010
         filed pro se

In Re Four Corners International, Inc.
   Bankr S.D. Fla. Case No. 10-41276
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/flsb10-41276.pdf

In Re R.J. Stuckel Co, Inc.
   Bankr N.D. Ill. Case No. 10-45970
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/ilnb10-45970.pdf

In Re River Parish RV's Inc.
   Bankr E.D. La. Case No. 10-13809
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/laeb10-13809.pdf

In Re Metrowest Properties Realty Trust
   Bankr. D. Mass. Case No. 10-21200
     Chapter 11 Petition filed October 14, 2010
         filed pro se

In Re Phyllis B. Horsley
   Bankr. D. Mass. Case No. 10-21227
     Chapter 11 Petition filed October 14, 2010
         filed pro se

In Re Rafael Ernesto Lemus
   Bankr D. Mass. Case No. 10-21217
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/mab10-21217.pdf

In Re Charles Louis Thiel
       Nancy Maria Thiel
   Bankr E.D. Mich. Case No. 10-71640
      Chapter 11 Petition Filed October 14, 2010
         See http://bankrupt.com/misc/mieb10-71640.pdf

In Re Toma Metamora BP, Inc.
   Bankr E.D. Mich. Case No. 10-35528
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/mieb10-35528.pdf

In Re Toma Foods, Inc.
   Bankr E.D. Mich. Case No. 10-71560
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/mieb10-71560.pdf

In Re Ely Service Center LLC
   Bankr D. Nev. Case No. 10-54082
      Chapter 11 Petition Filed October 14, 2010
         See http://bankrupt.com/misc/nvb10-54082.pdf

In Re Steven Rothstein
   Bankr D. N.J. Case No. 10-41685
      Chapter 11 Petition filed October 13, 2010
         See http://bankrupt.com/misc/njb10-41685.pdf

In Re ANJS Auto Inc.
   Bankr E.D.N.Y. Case No. 10-78134
      Chapter 11 Petition Filed October 14, 2010
         See http://bankrupt.com/misc/nyeb10-78134.pdf

In Re New Covenant Church Ministries Church of Christ Disciples of
Christ
   Bankr E.D. N.C. Case No. 10-08449
      Chapter 11 Petition filed October 14, 2010
         See http://bankrupt.com/misc/nceb10-08449.pdf

In Re Duke Heating Oil, Inc.
   Bankr M.D. Pa. Case No. 10-08408
      Chapter 11 Petition Filed October 14, 2010
         See http://bankrupt.com/misc/pamb10-08408.pdf

In Re Big City Construction, LLC
        dba Big City Remodeling
   Bankr E.D. Tenn. Case No. 10-34985
      Chapter 11 Petition Filed October 14, 2010
         See http://bankrupt.com/misc/tneb10-34985p.pdf
         See http://bankrupt.com/misc/tneb10-34985c.pdf

In Re Eddie Castro Nelson
        aka Eddie C Nelson
   Bankr. D. Ariz. Case No. 10-33349
     Chapter 11 Petition filed October 15, 2010
         filed pro se

In Re Tina Gavazzi
   Bankr E.D. Ark. Case No. 10-17544
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/areb10-17544.pdf

In Re Edward S. Kunda
      Judith L. Kunda
   Bankr. C.D. Calif. Case No. 10-15284
     Chapter 11 Petition filed October 15, 2010
         filed pro se

In Re Leighton Hull
      Brenda Hull
   Bankr. C.D. Calif. Case No. 10-54409
     Chapter 11 Petition filed October 15, 2010
         filed pro se

In Re Moussa Moradieh Kashani
   Bankr. C.D. Calif. Case No. 10-54460
     Chapter 11 Petition filed October 15, 2010
         filed pro se

In Re Pacific Funding Investment Group LLC
   Bankr. C.D. Calif. Case No. 10-43429
     Chapter 11 Petition filed October 15, 2010
         filed pro se

In Re Advanced Seamless Gutters Inc.
   Bankr M.D. Fla. Case No. 10-24917
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/flmb10-24917.pdf

In Re Subramany V. Ramamurthy
        aka S. V. Ramamurthy
        dba S.V. ^Ramamurthy, DDS
   Bankr D. Md. Case No. 10-33716
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/mdb10-33716.pdf

In Re William Neil Journigan, Inc.
   Bankr E.D. N.C. Case No. 10-08490
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/nceb10-08490.pdf

In Re Memphis Blues BBQ
   Bankr M.D. Pa. Case No. 10-08430
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/pamb10-08430.pdf

In Re Daniel J. Hauptman
      Lori E. Hauptman
   Bankr. W.D. Pa. Case No. 10-11896
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/pawb10-11896.pdf

In Re Kirk S. Decker
      Jessica L. Decker
   Bankr W.D. Pa. Case No. 10-11894
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/pawb10-11894.pdf

In Re On Site Grading, Inc.
   Bankr. E.D. Tenn. Case No. 10-16127
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/tneb10-16127p.pdf
         See http://bankrupt.com/misc/tneb10-16127c.pdf

In Re Pinnacle Partners, L.P.
   Bankr. W.D. Texas Case No. 10-32209
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/txwb10-32209.pdf

In Re Mississippi Sports and Recreation, Inc.
   Bankr. W.D. Wis. Case No. 10-17601
      Chapter 11 Petition filed October 15, 2010
         See http://bankrupt.com/misc/wiwb10-17601.pdf



                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


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