TCR_Public/101111.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, November 11, 2010, Vol. 14, No. 313

                            Headlines

15-35 HEMPSTEAD: Organizational Meeting to Form Panel on Nov. 12
331 PARTNERS: Not Liable for Daakes Claim Against C-D Jones
1031 TAX: Prejudgment Interest Payable at Prime Rate
ADANAC MOLYBDENUM: Creditors Approve Plan of Arrangement
ADVANTA CORP: Plan Outline Hearing Scheduled for December 16

ADVANTA CORP: Sale of Insurance Holding Unit Approved
ALL AMERICAN: Signs Deal to Merge Into H.I.G. Unit
ALLEN COTTAM: Taps Durham Jones to Handle Reorganization Case
ALLEN COTTAM: Files Schedules of Assets and Liabilities
ALLIANZ GLOBAL: Units to Get US Recognition of U.K. Scheme

AMBAC FINANCIAL: RMBS Policyholders Balk at OIC Support of Plan
AMBAC FINANCIAL: S&P Changes Ratings on Senior Debt to 'D'
AMBAC FINANCIAL: Trading Under New Ticker Symbols
AMBRILIA BIOPHARMA: Filing of 3rd Quarter Results Will be Delayed
AMERICAN APPAREL: Posts $9.5 Million Net Loss in Q3 2010

AMERICAN APPAREL: To Hold 2010 Stockholders' Meeting on Dec. 10
AMERICAN HOME: Creditors Object to Borrowers' Attorney Fees
ANGIOTECH PHARMA: Receives Forbearance Extension, More Funds
ANGIOTECH PHARMA: Net Loss Widens to $18.5MM at Q3 2010
ATLANTIC COAST PALADIN: Court Dismisses Ch. 11 Case for 2nd Time

BEARINGPOINT INC: Bankruptcy Judge Denies Indonesia's Tax Claim
BERRY PLASTIC: S&P Assigns 'CCC' Rating to $800 Mil.  Notes
BLACK CROW: Files Chapter 11 Reorganization Plan
BOCA BRIDGE: Creditors Succeed with Involuntary Petition
C-D JONES: Secured Creditor Not Liable for Daakes Claim

CAPRIUS INC: Increases Vintage Securities Deal to $4.5 Million
CENTRAL PACIFIC: Fitch Puts Junk Long-term IDR on Watch Evolving
CHEMTURA CORP: Completes Restructuring and Emerges from Ch. 11
CHEMTURA CORP: Court Denies Pentair's Bid for Mandatory Injunction
CINCINNATI BELL: Sept. 30 Balance Sheet Upside Down by $611MM

CINCINNATI BELL: To Issue Add'l $275-Mil. of Senior Notes
CIRCUIT CITY: Trust Filing 600 Preference Suits
CITIZENS DEV'T: Files New List of 20 Largest Unsecured Creditors
CITIZENS DEV'T: Taps Levene Neale as General Bankruptcy Counsel
CLEARWIRE CORP: S&P Junks Corporate Credit Rating From 'B-'

CMB III: May Employ Perkins Coie as Bankruptcy Counsel
CMB III: Files Schedules of Assets and Liabilities
COGECO CABLE: S&P Raises Corporate Credit Rating to 'BB+'
CONGRESS SAND: DIP Financing, Cash Collateral Use Get Interim OK
CONGRESS SAND: Section 341(a) Meeting Scheduled for Nov. 30

CONGRESS SAND: Taps Heller Draper as Bankruptcy Counsel
CW MINING: 10th Circ. Affirms Contempt Order on 2 Creditors
DELVAG: To Get US Recognition of U.K. Scheme of Arrangement
DYNEGY INC: ISS Supports Merger Into Blackstone Affiliate
EMPIRE RESORTS: Gets $35-Mil. Financing from Kien Huat Realty

ERIE COUNTY PLASTICS: Preference Suit v. Dow Goes to Trial
FERRELLGAS LP: S&P Assigns 'B+' Rating to Senior Unsec. Debt
FIFTH THIRD: S&P Assigns Corporate Credit Rating at 'B+'
FINANCIAL MORTGAGE: Court Directs SBK to Release Escrowed Funds
FINANCIAL MORTGAGE: Trustee to Get 67% of Remaining Escrowed Funds

FORD MOTOR: Reports $1.7-Bil. Net Income in Third Quarter
FRONTIER OIL: S&P Assigns 'BB' Rating to $150 Mil. Senior Notes
FX LUXURY: Set to Emerge from Chapter 11
GENERAL GROWTH: Summerlin Settles Vratsinas Mechanics Lien Claim
GENERAL GROWTH: Sandeep Mathrani to Take Over as CEO in 2011

GENERAL GROWTH: Incurred $231,185,000 Net Loss in Third Quarter
GENTA INC: Gets Investors' Nod to Waive Defaults Under Notes
GENTA INC: Launches New Phase 2b Clinical Trial for Tesetaxel
GEORGE STOVER: Butzel Long to Get $13,955 for Legal Work
GEORGE TRAKAS: Case Summary & 6 Largest Unsecured Creditors

GLOBAL CROSSING: S&P Assigns 'CCC+' Rating to $150 Mil.  Notes
GOLDEN RESTAURANTS: 5th Cir. Won't Hear Appeal on Polley Judgment
GRAMERCY PARK: Situs Led Sale of Condominums
GRAY TELEVISION: Earns $5.51 Million in Third Quarter
HAMPTON ROADS: Posts $84.5 Million Net Loss in Q3 2010

HARRAH'S ENTERTAINMENT: Posts $164.8-Mil. Net Loss in 3rd Quarter
HARRISBURG, PA: Taps Cravath as Counsel on Pro Bono Basis
HCA INC: Fitch Affirms Issuer Default Rating at 'B'
HCA INC: S&P Affirms Corporate Credit Rating at 'B+'
HENARD ENTERPRISES: Case Summary & 9 Largest Unsecured Creditors

HMP SERVICES: To Liquidate & Distribute Assets in Chapter 11
HOLLIFIELD RANCHES: U.S. Trustee Names 3 to Creditors Committee
IMPERIAL CAPITAL: Unsecured Creditors Object to KMPG Appointment
INTELSAT SA: Posts $106.4-Mil. Net Loss in Third Quarter
ISTAR FINANCIAL: Said to Seek Debt Exchange, $2BB Credit Line

ISTAR FINANCIAL: Reports $83.5-Mil. Net Loss in 3rd Quarter
JACKSON 299: Organizational Meeting to Form Panel on Nov. 12
JOHN POLK: Case Summary & 19 Largest Unsecured Creditors
JULIE PALMER: No Stay in Second Small Business Chapter 11 Case
KILEY RANCH: Wins Nod for Belding Harris as Counsel

KUDZU IMPORT: Case Summary & 20 Largest Unsecured Creditors
LAND LUBBER: Case Summary & 4 Largest Unsecured Creditors
LANDAMERICA 1031: Court OKs $95-Mil. Deal with Creditors
LESLIE'S POOLMART: S&P Downgrades Senior Debt Rating to 'B+'
LOG LLC: Fidelity Foreclosure Did Not Violate Automatic Stay

LOUIS DI RAIMONDO: Declining Revenues Blamed for Filing
MACLIN ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
MANUEL NEVAREZ: Case Summary & 10 Largest Unsecured Creditors
MEDICOR LTD: Chapter 11 Plan of Liquidation Confirmed
MEXICANA AIRLINES: Bankruptcy Court Grants Ch. 15 Protection

MEXICANA AIRLINES: Unions Get US$154 Million Offer to Save Company
MILACRON INC: Wants Case Converted to Chapter 7 Liquidation
MINOR FAMILY: U.S. Trustee Forms Six-Member Creditors Committee
MOBILE MINI: S&P Assigns 'B+' Rating to $200 Mil. Senior Notes
MYLAN INC: S&P Assigns 'BB-' Rating to $800 Mil. Senior Notes

NICOLE BAKER: Case Summary & 6 Largest Unsecured Creditors
NORTHERN OUTER: Court Denies Confirmation of Chapter 11 Plan
NORTHERN OUTER: Court Pegs Value of Real Property at $1.9MM
NORTHERN OUTER: Court Lifts Automatic Stay for Wells Fargo
ORLEANS HOMEBUILDERS: George Casey to Lead Post-Emergence

ORLEANS HOMEBUILDERS: Wins Plan Exclusivity Until Nov. 26
PAPERWEIGHT DEVELOPMENT: Posts $3.87MM Net Loss in Oct. 3 Quarter
PATRICK JOHNSON: Voluntary Chapter 11 Case Summary
PETROS ANDRIOPOULOS: Can Hire Michael Davis as Bankruptcy Counsel
PETROS ANDRIOPOULOS: Court Fixes November 29 as Claims Bar Date

POINT BLANK: Equity Committee Says It Has Rival Plan
PRESIDIO INC: S&P Assigns 'B+' Corporate Credit Rating
QOC I: Files Schedules of Assets and Liabilities
R.D. MARINA: Asks for Authority to Use $1-Mil. of Cash Collateral
R.D. MARINA: Owes Manatee County $601,000 for Taxes

R.D. MARINA: Section 341(a) Meeting Scheduled for Dec. 3
R.D. MARINA: Taps Stichter Riedel as Bankruptcy Counsel
RADIO ONE: Amends Terms of Exchange Offer to Refinance Notes
RASER TECHNOLOGIES: To Sell Transportation Biz. for $2.5-Mil.
REGAL PLAZA: U.S. Trustee Unable to Form Creditors Committee

RESERVE DEVELOPMENT: Taps Fennemore Craig as Bankruptcy Counsel
RESERVE DEVELOPMENT: U.S. Trustee Unable to Form Creditors Panel
RICHARD HINDIN: Plan Confirmation Hearing Set for December 16
RICHARD JOHNSON: Voluntary Chapter 11 Case Summary
RIVIERA HOLDINGS: Court Confirms Chapter 11 Plan

ROGER BUTTRUM: Voluntary Chapter 11 Case Summary
RON HENARD: Case Summary & 8 Largest Unsecured Creditors
SCHEID AUTOMOTIVE: Case Summary & 20 Largest Unsecured Creditors
SEQUENOM INC: Posts $22.74-Mil. Net Loss in Third Quarter
SINCLAIR BROADCAST: To Pay Dividend Amid Optimistic Outlook

SIRIUS XM: Posts $67.6 Million Net Income in September 30 Quarter
SOUTH BAY EXPRESSWAY: Plan Exclusivity Pushed to Jan. 18
SPOT MOBILE: Acquires Technology Assets From Yak America
STONE CREEK: Case Summary & 19 Largest Unsecured Creditors
STONE ENERGY: S&P Corrects Ratings on Senior Notes to 'B'

STORAGE PARTNERS: Case Summary & 12 Largest Unsecured Creditors
SUMMER BREEZE: Case Summary & 7 Largest Unsecured Creditors
SUNCAL COS.: Parties Must Attend Mediation Before Next Hearing
SUNRISE SENIOR: Earns $18.7 Million for September 30 Quarter
SURINDER-PAL KHELA: Case Summary & 20 Largest Unsecured Creditors

TEN SIDE: Chapter 11 Filing Stays Foreclosure
TENET HEALTHCARE: Posts $932 Million Net Income in Sept. 30 Qtr.
TP INC: Plan Solicitation Period Extended Until November 23
TRANSCONTINENTAL REFRIG: Alleged Preference Payments Aggregated
TRICO MARINE: Noteholders Agree to Forbear Until Nov. 19

TRW AUTOMOTIVE: S&P Gives Positive Outlook; Keeps 'BB' Rating
UNIFI INC: Posts $10.3 Million Net Income in September 27 Quarter
UNISYS CORP: Reports $28.3-Mil. Net Income in Third Quarter
UNITED CONTINENTAL: October Traffic Hikes 5.9% from 2009
USEC INC: Swings to $1-Mil. Net Income in Q3 of 2010

UNIVISION COMMUNICATIONS: S&P Assigns 'CCC+' Rating on Notes
US FARMS: Plans to Send Reports to Pink Sheets OTC Disclosure
UTGR INC: Chapter 11 Plan Declared Effective
UTSTARCOM INC: Posts $17 Million Net Loss in September 30 Quarter
VALENCE TECHNOLOGY: Posts $3.58 Million Net Loss in Sept. 30 Qtr

WASHINGTON MUTUAL: Extends Voting Deadline Until Nov. 18
WASHINGTON MUTUAL: Funds Unfazed by Report on $4BB Stock Transfer
WASHINGTON MUTUAL: Objects to Derivative Claims of Bondholders
WASHINGTON TIMES: Wins $40,000 in Damages From Petitioner
WAVE SYSTEMS: Posts $1.18 Mil. Net Loss for September 30 Quarter

WEST CORP: S&P Assigns 'B' Rating to $650 Mil.  Senior Notes
W.R. GRACE: Proposes to Acquire 50% Interest in GR 2008 LP
W.R. GRACE: Seeks Nod of Associated Int'l Settlement
W.R. GRACE: Reports $970-Mil. Excess Insurance Coverage for Q3

* Individual Bankruptcies Up, Commercial Filings Down

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

                            *********

15-35 HEMPSTEAD: Organizational Meeting to Form Panel on Nov. 12
----------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on November 12, 2010, at 10:00 a.m.
in the bankruptcy cases of 15-35 Hempstead Properties, LLC, and
Jackson 299 Hempstead, LLC.

The meeting will be held at the United States Trustee's Hearing
Room, Bridge View, 800-840 Cooper Street, Suite 102, Camden, NJ
08102.

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

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

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

15-35 Hempstead Properties, LLC, owns real property at 101
Boardwalk in Atlantic City, New Jersey.  It filed for Chapter 11
bankruptcy protection on October 26, 2010 (Bankr. D. N.J. Case
No. 10-43178).  Albert A. Ciardi, III, Esq., at Ciardi Ciardi &
Astin, P.C., assists 15-35 Hempstead in its restructuring effort.
15-35 Hempstead estimated its assets and debts at $10 million to
$50 million as of the petition date.

Affiliate Jackson 299 Hempstead LLC filed a separate Chapter 11
petition on October 26, 2010 (Bankr. D. N.J. Case No. 10-43180).


331 PARTNERS: Not Liable for Daakes Claim Against C-D Jones
-----------------------------------------------------------
The Hon. Margaret A. Mahoney rules that the evidence of record
does not support a finding that 331 Partners LLC should be liable
for the debts of bankrupt homebuilder C-D Jones on the basis of
successor liability, alter ego, or joint venture.  Accordingly,
Judge Mahoney says 331 Partners should not be held liable for
Thomas and Adele Daakes' judgment against C-D Jones and the
Debtor's objection to the Daakes' claim is sustained.

The Daakes filed a proof of claim for $6,127,273 in the C-D Jones
bankruptcy on October 20, 2009.  The Daakes filed a proof of claim
in 331 Partners' bankruptcy on August 18, 2010.  The Daakes
amended that claim on October 14, 2010, to $6,333,453 to include
attorneys' fees, costs, and post-judgment interest.

C-D Jones filed a Chapter 11 bankruptcy petition on July 30, 2009,
in the Northern District of Florida.  In its schedules it listed
331 Partners as a secured creditor with a contract claim for
unbuilt homes and a first mortgage on 37 vacant lots.  331
Partners obtained relief from the automatic stay as to assets
under the Lot Sales and Houses Notes.  C-D Jones' schedules also
listed the Daakes as unsecured judgment creditors.

A copy of the Court's order dated November 9, 2010, is available
at http://is.gd/gTMOZfrom Leagle.com.

Based in Mobile, Alabama, 331 Partners, LLC, was formed by Bill
Clay in 2004 for the purpose of acquiring Sandestin parcel number
331 in Sandestin, Florida.  Parcel 331 was the only remaining
tract of undeveloped single-family use property in the Sandestin
resort.  331 Partners filed for Chapter 11 bankruptcy (Bankr. S.D.
Ala. Case No. 10-00846) on February 27, 2010.  A. Richard Maples,
Jr., Esq., serves as the Debtor's bankruptcy counsel.  In its
schedules, 331 Partners disclosed assets of $2,756,142 and
liabilities of $3,807,368.


1031 TAX: Prejudgment Interest Payable at Prime Rate
----------------------------------------------------
WestLaw reports that a Chapter 11 trustee who successfully
prosecuted fraudulent transfer avoidance claims was entitled to an
award of prejudgment interest, not at the federal postjudgment
rate of 0.64% applicable as of the commencement of the avoidance
proceeding nor at the higher federal postjudgment rates of 3.76%,
4.9% and 5.24% applicable when the three transfers were effected,
but at a market rate of interest, as determined by the bank prime
loan rate, on the dates of each of the three transfers.  The
prime, or market, rate best approximated the cost of funds to a
private party on the dates of the fraudulent transfers.  A
bankruptcy judge in New York noted a variety of approaches to the
calculation of prejudgment interest.  In re 1031 Tax Group, LLC, -
-- B.R. ----, 2010 WL 4312906 (Bankr. S.D.N.Y.)

                       About 1031 Tax Group

Headquartered in Richmond, Virginia, The 1031 Tax Group LLC --
http://www.ixg1031.com/-- was a privately held consolidated group
of qualified intermediaries created to service real property
exchanges under Section 1031 of the Internal Revenue Code.
131 Tax Group had total assets of $164.23 million and total
liabilities as of Sept. 30, 2007.

The Company and 15 of its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 07-11448) on May 14,
2007.  Gerard A. McHale, Jr., was appointed Chapter 11 trustee.
Jonathan L. Flaxer, Esq., and David J. Eisenman, Esq., at
Golenbock Eiseman Assor Bell & Peskoe LLP, represent the Chapter
11 trustee.  Kurtzman Carson Consultants LLC acts as claims and
notice agent.  Thomas J. Weber, Esq., Melanie L. Cyganowski, Esq.,
and Allen G. Kadish, Esq., at Greenberg Traurig, LLP, represent
the Official Committee of Unsecured Creditors.

Former CEO Edward H. Okun is in federal prison at Northern Neck
Regional Jail in Warsaw, Virginia, after being convicted of mail
fraud and other charges.  Mr. Okun allegedly engaged in several
misappropriations of funds of 1031 Tax Group and other entities.
The funds were used for Mr. Okun's lavish lifestyle including
acquiring properties and luxury asset.


ADANAC MOLYBDENUM: Creditors Approve Plan of Arrangement
--------------------------------------------------------
Adanac Molybdenum Corporation disclosed that the requisite
majorities of its creditors have voted to approve the Company's
plan of compromise and arrangement.

As contemplated by the October 18, 2010 Order of the British
Columbia Supreme Court Adanac hereby advises that it will apply to
the Court at Vancouver, British Columbia, on Friday, November 19,
2010, at 9:00 a.m. for an order sanctioning the Plan pursuant to
section 6 of the Companies' Creditors Arrangement Act (Canada) and
section 291(4) of the Business Corporations Act (British
Columbia).

Information and documents relating to the Plan and the Creditors'
Meeting Order are available on the website of Adanac's Court-
appointed Monitor, KPMG Inc.: http://www.kpmg.ca/adanac/

                    About Adanac Molybdenum

Adanac Molybdenum Corporation is listed on the TSX and Frankfurt
exchanges and owns the Ruby Creek Project in northern British
Columbia.  The Company has advanced the project through
feasibility studies, a production decision and has previously
ordered long-lead equipment, completed permitting for
construction, constructed a road to the site and secured US$80
million in bridge financing.


ADVANTA CORP: Plan Outline Hearing Scheduled for December 16
------------------------------------------------------------
The Honorable Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing on December 16, 2010,
at 3:30 p.m. (prevailing Eastern Time), to consider adequacy of
the Disclosure Statement explaining Advanta Corp., et al.'s
Chapter 11 Plan.  Objections, if any, are due December 7 at
5:00 p.m.

The Debtors say the proposed plan provides for substantial
recovery to creditors, including retail noteholders.  Among other
things, the Disclosure Statement says there will be a 64.4% to
100.0% recovery for holders of investment note claims and certain
RediReserve certificate claims, and a recovery range of 37.7% to
71.3% for holders of general unsecured claims.  There will be no
distributions to the preferred or common stockholders of Advanta
Corp. nor continuing interest in Advanta Corp. on the part of the
preferred or common stockholders.

Once the Disclosure Statement is approved, the Plan will be sent
to eligible creditors for voting.  The Company previously said it
anticipates approval of the Plan sometime in early 2011.

                        About Advanta Corp.

Advanta Corp. -- http://www.advanta.com/-- has had a 59-year
history of being a leading innovator in the financial services
industry and of providing great value to its stakeholders,
including its senior retail note holders and shareholders, prior
to the recent reversals.  It has also been a major civic and
charitable force in the communities in which it is based,
particularly in the Greater Philadelphia area.

In June 2009, the Federal Deposit Insurance Corporation placed
significant restrictions on the activities and operations of
Advanta Bank Corp., a wholly owned subsidiary of the Company, as
the Bank's capital ratios were below required regulatory levels.

On November 8, 2009, Advanta Corp. filed for Chapter 11 (Bankr. D.
Del. Case No. 09-13931).  Attorneys at Weil, Gotshal & Manges LLP,
and Richards, Layton & Finger, P.A., serve as bankruptcy counsel.
Alvarez & Marsal serves as financial advisor.  The Garden City
Group, Inc., serves as claims agent.  The filing did not include
Advanta Bank Corp.  The petition said that Advanta Corp.'s assets
totaled $363,000,000 while debts totaled $331,000,000 as of
September 30, 2009.


ADVANTA CORP: Sale of Insurance Holding Unit Approved
-----------------------------------------------------
The Honorable Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware authorized Advanta Corp., to consummate the
sale of all of the issued and outstanding shares of common stock
in debtor-affiliate Advanta Insurance Company to Agrinational
Insurance Company.

AIC is a direct subsidiary of Advanta.  AIC was the holding
company for Advanta Life Insurance Company, Advanta Insurance
Agency, Inc. and First Advanta Insurance Agency, Inc., the stock
of all of which were recently transferred to Advanta.  AIC has
approximately $5.5 million of assets, consisting almost entirely
of cash and bonds, and no liabilities.

The salient terms of the Stock purchase and sale agreement with
the buyer included:

   -- The purchase price consists of (i) $500,000, which
      represents $16,666 in respect of each valid Insurance Permit
      of the Company, including the District of Columbia Insurance
      Permit (but excluding the Wyoming Insurance Permit), (ii)
      the fair market value of the Closing Assets, (iii) a pro-
      rated portion of any fees and taxes paid by the AIC with
      respect to the Insurance Permits that were due on or after
      February 28, 2010, and for which the Advanta has provided
      evidence of payment thereof reasonably satisfactory to the
      Buyer, less (iv) any outstanding liabilities of AIC, but
      excepting accrued taxes, licenses and fees of the kind, to
      the extent reflecting future payments, and (v) the Down
      Payment. The buyer will pay the Purchase Price in full by
      wire transfer of immediately available funds at closing.

   -- The buyer paid Advanta $150,000 as a down payment on
      the Purchase Price.  If the Buyer terminates the SPA, and,
      at the time of the termination, the  SPA has not been
      approved by the Bankruptcy Court pursuant to a Final Order,
      Advanta will return the Down Payment to the Buyer.  From and
      after approval of the SPA by the Bankruptcy Court pursuant
      to a Final Order, the Down Payment will be non-refundable,
      regardless of whether the SPA is terminated prior to the
      closing, unless terminated pursuant to the receipt of a
      superior company.

   -- Advanta will pay Prisco Consulting, Inc. a finder's fee of
      $35,000 for its services leading to the AIC Offer.

   -- The sale of the Shares to the Buyer will be free and clear
      of any and all claims, liens, encumbrances, judgments, and
      security interests.

   -- If Advanta receive a superior company proposal and accept
      it, then upon termination of the SPA, Advanta will pay the
      buyer the termination fee of $25,000.

                        About Advanta Corp.

Advanta Corp. -- http://www.advanta.com/-- has had a 59-year
history of being a leading innovator in the financial services
industry and of providing great value to its stakeholders,
including its senior retail note holders and shareholders, prior
to the recent reversals.  It has also been a major civic and
charitable force in the communities in which it is based,
particularly in the Greater Philadelphia area.

In June 2009, the Federal Deposit Insurance Corporation placed
significant restrictions on the activities and operations of
Advanta Bank Corp., a wholly owned subsidiary of the Company, as
the Bank's capital ratios were below required regulatory levels.

On November 8, 2009, Advanta Corp. filed for Chapter 11 (Bankr. D.
Del. Case No. 09-13931).  Attorneys at Weil, Gotshal & Manges LLP,
and Richards, Layton & Finger, P.A., serve as bankruptcy counsel.
Alvarez & Marsal serves as financial advisor.  The Garden City
Group, Inc., serves as claims agent.  The filing did not include
Advanta Bank Corp.  The petition said that Advanta Corp.'s assets
totaled $363,000,000 while debts totaled $331,000,000 as of
September 30, 2009.


ALL AMERICAN: Signs Deal to Merge Into H.I.G. Unit
--------------------------------------------------
All American Group Inc., formerly Coachmen Industries Inc., has
agreed to be acquired by affiliates of All American Group
Holdings, LLC, an affiliate of H.I.G. All American, LLC, in a
merger that would result in AAG's shareholders receiving $0.20 per
share, plus an interest in a liquidating trust that will have a
contingent right to receive proceeds from the sale of certain of
AAG's assets.

Upon closing of the merger, certain of AAG's assets will be
offered for sale for a minimum price of $12 million.  The sale
of the assets will be negotiated on behalf of AAG by a special
committee of AAG's board of directors.  The majority of the
members of the committee will be directors who are not affiliated
with H.I.G.

If an agreement is entered into for the sale of the assets within
nine months after the closing of the merger, the excess of the net
sale proceeds over $5 million will be deposited in the liquidating
trust for distribution to the former AAG shareholders pro rata.
AAG cannot give assurance that the sale of the assets will be
completed within the 9 months' time frame or that it will bring a
sufficient amount of net sale proceeds to provide the shareholders
any additional consideration.

                     About All American Group

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

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

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

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

                           *     *     *

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


ALLEN COTTAM: Taps Durham Jones to Handle Reorganization Case
-------------------------------------------------------------
Joint debtors Allen Kent Cottam and Laura Cottam ask the U.S.
Bankruptcy Court for the District of Utah for permission to employ
Durham Jones & Pinegar as counsel, nuc pro tunc to the petition
date.

Durham Jones will, among other things:

  a. advise the Debtors of their rights, powers, and duties as
     debtors-in-possession;

  b. advise the Debtors in fulfilling their duties; and

  c. prepare on behalf of the Debtors or assist the Debtors in
     preparing such motions, applications, reports, pleadings, and
     papers in connection with the responsibilities of the Debtors
     as the Debtors see fit.

Durham Jones has received a total retainer $70,354 from the
Debtors.  Prior to the retainer, Durham Jones received payment of
$2,763 for prepetition services in May 2010.

Postpetition Durham Jones will be charging the Debtors based on
the customary hourly rates of its professionals in effect on the
date services are rendered.

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

The firm can be reached at:

  Penrod W. Keith, Esq.
  Kenneth L. Cannon II, Esq.
  DURHAM JONES & PINEGAR, P.C.
  111 East Broadway, Suite 900
  P.O. Box 4050
  Salt Lake City, UT 84110-4050
  Tel: (801) 415-3000
  Fax: (801) 415-3500
  E-mail: pkeith@djplaw.com
          kcannon@djplaw.com

                        About Allen Cottam

Allen Kent Cottam, aka A. Kent Cottam and Kent Cottam, and
Laura Cottam, of Washington, Utah, filed for Chapter 11 protection
on September 23, 2010 (Bank. D. Utah Case No. 10-33139).  The
Debtors estimated $10,000,001 to $50,000,000 in assets and debts
in their joint Chapter 11 petition.


ALLEN COTTAM: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Allen Kent Cottam and Laura Cottam filed with the U.S. Bankruptcy
Court for the District of Utah their schedules of assets and
liabilities, disclosing:

     Name of Schedule               Assets        Liabilities
     ----------------             ----------      -----------
  A. Real Property                  $676,400
  B. Personal Property            $2,104,678
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                  $579,437
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $15,043,372
                                  ----------      -----------
        TOTAL                     $2,781,078      $15,622,810

                        About Allen Cottam

Allen Kent Cottam, aka A. Kent Cottam and Kent Cottam, and
Laura Cottam, of Washington, Utah, filed for Chapter 11 protection
on September 23, 2010 (Bank. D. Utah Case No. 10-33139).  Penrod
W. Keith, Esq., and Kenneth L. Cannon II, Esq., at Durham Jones &
Pinegar, P.C., in Salt Lake City, represent the Debtors.


ALLIANZ GLOBAL: Units to Get US Recognition of U.K. Scheme
----------------------------------------------------------
Bankruptcy Law360 reports that Judge Stuart M. Bernstein of the
U.S. Bankruptcy Court for the Southern District of New York said
he will grant recognition to reorganization proceedings for the
now-dissolved, U.K.-based Camomile Underwriting Agencies Ltd.
(CUAL) pool, including those involving two affiliates of German
financial services giant Allianz Group.  Judge Bernstein held a
hearing on November 9.

In September 2010, David McGuigan, as foreign representative
filed, on behalf of Allianz Global Corporate & Specialty (France),
Allianz Iard, Delvag Luftfahrtversicherungs-AG, and Nurnberger
Allgemeine versicherungs-AG, petitions pursuant to Chapter 15 of
the U.S. Bankruptcy Code, with the United States Bankruptcy Court
for the Southern District of New York (Lead Case No. 10-10-14990).

Allianz Global, et al., are subject to jointly administered
adjustment of debt proceedings and bound by those certain schemes
of arrangement pursuant to Part 26 of the Companies Act 2006
sanctioned by the High Court of Justice of England and Wales on
July 9, 2010.

The Companies wrote both direct and reinsurance business in the
London insurance market, through CUAL, in a pooling arrangement
from 1978 to 1995.  Allianz Global and Allianz IARD maintain their
registered offices in France.  Delvag and Nurnberger maintain
their registered offices in Germany.

Following creditors' meetings held in London on June 10, 2010, at
which creditors unanimously voted in favour of the solvent schemes
proposed by each Company, the High Court of Justice of England and
Wales has sanctioned the schemes of arrangement between the
Companies and their creditors.

The aim of the Schemes is to finalise the run-off of the
Companies' involvement in the CUAL business.  The CUAL Business
has been in solvent "run-off" since December 31, 1995, and in the
normal course, it is estimated that it would take at least another
30 to 40 years to run-off the remaining liabilities.  The Schemes
establish a method by which present and future claims of scheme
creditors will be estimated and full and final payments, adjusted
by the application of a time value discount, will be made to
creditors holding such claims considerably sooner than if the run-
off of the Companies continued in the ordinary
course.

The Companies sought Chapter 15 protection so that their Schemes
will be given full force and effect in the United States.  The
Companies have creditors and assets located in the U.S.  The
Chapter 15 petitioner said that if creditors in the United States
are permitted to seek their own remedies, assets of the Companies
could be depleted unnecessarily to defend actions brought in the
United States in contravention of the intent of the Schemes and
the sanction orders granted by the English Court.

The Scheme Manager can be contacted at:

     David McGuigan
     CUAL Scheme Manager
     PO Box 683, Redhill, RH1 9BY
     United Kingdom
     Fax: +44 (0)207 626 7937
     E-mail: dmcguigan@limbo.eu

The Chapter 15 petitioner's counsel can be contacted at:

     Lee S. Attanasio, Esq.
     Alex R. Rovira, Esq.
     Debra W. Minoff, Esq.
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, NY 10019
     Tel: (212) 839-5300


AMBAC FINANCIAL: RMBS Policyholders Balk at OIC Support of Plan
---------------------------------------------------------------
The RMBS Policyholders Group said that the events of the past 48
hours have demonstrated clearly that the Wisconsin Office of the
Commissioner of Insurance failed in its statutory duty to protect
policyholders of Ambac Assurance Corporation, and actively
participated in an arrangement that will divert billions of
dollars of tax attributes from the insurance company that it is
charged with regulating.

The bankruptcy filings of Ambac's parent, Ambac Financial Group,
Inc. reveal that OCI is endorsing a term sheet that allows AFG to
retain its equity ownership in Ambac, while simultaneously
proposing a Plan of Rehabilitation in Wisconsin that impairs
claims of policyholders, running afoul of the absolute priority
rule.  Moreover, the term sheet that the OCI endorses proposes to
give to AFG billions of dollars of Ambac's net operating losses
and requires Ambac to compensate AFG for the use of any NOL even
though that asset rightfully belongs to Ambac.

The Group is dismayed to discover that not only has the OCI failed
in its statutory obligation to protect policyholders, but arranged
behind closed doors with AFG, its management and creditors to
strip policyholders of valuable assets.  The Group resolves to
challenge the OCI's actions.

On November 8, 2010, the RMBS Policyholders Group, along with
other objectors representing more than $20 billion of insured
securities, filed Objections to OCI's Plan of Rehabilitation with
the Wisconsin Circuit Court.  These many Objections make clear
that the Plan is flawed on many grounds.

The Group's Objections, as well as those filed by other Ambac
policyholders, are expected to be heard by the Wisconsin Circuit
Court in a hearing scheduled to begin November 15, 2010.

                        About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in Manhattan (Bankr.
S.D.N.Y. Case No. 10-15973) on November 8, 2010.  Ambac said it
will continue to operate in the ordinary course of business as
"debtor-in-possession" under the jurisdiction of the Bankruptcy
Court and in accordance with the applicable provisions of the
Bankruptcy Code and the orders of the Bankruptcy Court.

Ambac's bond insurance unit, Ambac Assurance Corp., did not file
for bankruptcy.  AAC is being restructured by state regulators in
Wisconsin.  AAC is domiciled in Wisconsin and regulated by the
Office of the Commissioner of Insurance of the State of Wisconsin.
The parent company is not regulated by the OCI.

Ambac's consolidated balance sheet -- which includes non-debtor
Ambac Assurance Corp -- showed $30.05 billion in total assets,
$31.47 billion in total liabilities, and a $1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of ($394.5 million) and total liabilities of
$1.6826 billion as of June 30, 2010.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about $1.62 billion.

The Vanguard Group, Inc., holds 5.46% of the stock of Ambac and is
its largest shareholder.

Peter A. Ivanick, Esq., Allison H. Weiss, Esq., and Todd L.
Padnos, Esq., at Dewey & LeBoeuf LLP represent the Debtor.  The
Blackstone Group LP is the Debtor's financial advisor.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes AMBAC BANKRUPTCY
NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Ambac Financial Group Inc.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMBAC FINANCIAL: S&P Changes Ratings on Senior Debt to 'D'
----------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its
ratings on all of Ambac Financial Group Inc.'s senior unsecured
and subordinated debt issues to 'D' from 'C'.

Standard & Poor's also said that it withdrew its 'CC' ratings on
Ambac Assurance U.K. Ltd.

"S&P took this action following the announcement on Nov. 8, 2010,
that Ambac Financial had filed for bankruptcy under Chapter 11 of
the U.S. Bankruptcy Code," explained Standard & Poor's credit
analyst David Veno.  S&P assigns a 'D' rating to issuers and
issues upon the filing of a bankruptcy petition.

This rating action does not affect the ratings on Everspan
Financial Guarantee Corp., which is not under regulatory control.
The financial strength rating on Ambac Financial's principal
operating subsidiary, Ambac Assurance Corp., remains 'R',
reflecting the ongoing rehabilitation process.

With regard to Ambac UK, the support agreements between the
company and Ambac have been canceled.  In addition, Ambac UK has
recaptured the business previously ceded to Ambac.  S&P no longer
has sufficient information to rate this company.


AMBAC FINANCIAL: Trading Under New Ticker Symbols
-------------------------------------------------
Ambac Financial Group, Inc.'s shares of common stock and the
shares of its equity units that previously were listed and traded
on the New York Stock Exchange began trading exclusively on the
over-the-counter market on November 9, 2010.

As a result of the Company's prior announcement on November 8,
2010 that it had filed for a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code, NYSE Regulation,
Inc. announced immediate suspension of trading on the NYSE of the
common stock and certain other securities of the Company.  NYSE
Regulation determined that the Company is no longer suitable for
listing in light of the bankruptcy filing, which is a sufficient
ground for the commencement of delisting procedures.  In its
announcement regarding the suspension, NYSE Regulation noted the
uncertainty as to the timing and outcome of the bankruptcy process
as well as the ultimate effect of this process on the Company's
equity holders.

The Company does not intend to take any action to appeal the
NYSE's decision and, therefore, it is expected that the suspended
NYSE securities will be delisted after completion by the NYSE of
application to the Securities and Exchange Commission.

The suspended NYSE securities include:

Common Stock, $0.01 per share (nyse ticker symbol:ABK); 5.875%
Debentures, due March 24, 2103 (nyse ticker symbol:AKT); 5.95%
Debentures, due February 28, 2103 (nyse ticker symbol:AKF); and
9.50% Equity Units, due February 15, 2021 (nyse ticker symbol:ABK
PRZ).

As a result of the suspension, the Company's common stock and the
shares of its equity units began trading exclusively on the OTC
market on November 9, 2010.  On the OTC market, shares of the
Company's common stock, which previously traded on the NYSE under
the symbol ABK, trade under the symbol ABKFQ.  Shares of the
Company's equity units, which previously traded on the NYSE under
the symbol ABK-PRZ, trade under the symbol ABKOQ.

The transition to the OTC market will not affect the company's
obligation to file periodic and certain other reports with the SEC
under applicable federal securities laws.

                        About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in Manhattan (Bankr.
S.D.N.Y. Case No. 10-15973) on November 8, 2010.  Ambac said it
will continue to operate in the ordinary course of business as
"debtor-in-possession" under the jurisdiction of the Bankruptcy
Court and in accordance with the applicable provisions of the
Bankruptcy Code and the orders of the Bankruptcy Court.

Ambac's bond insurance unit, Ambac Assurance Corp., did not file
for bankruptcy.  AAC is being restructured by state regulators in
Wisconsin.  AAC is domiciled in Wisconsin and regulated by the
Office of the Commissioner of Insurance of the State of Wisconsin.
The parent company is not regulated by the OCI.

Ambac's consolidated balance sheet -- which includes non-debtor
Ambac Assurance Corp -- showed $30.05 billion in total assets,
$31.47 billion in total liabilities, and a $1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of ($394.5 million) and total liabilities of
$1.6826 billion as of June 30, 2010.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about $1.62 billion.

The Vanguard Group, Inc., holds 5.46% of the stock of Ambac and is
its largest shareholder.

Peter A. Ivanick, Esq., Allison H. Weiss, Esq., and Todd L.
Padnos, Esq., at Dewey & LeBoeuf LLP represent the Debtor.  The
Blackstone Group LP is the Debtor's financial advisor.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes AMBAC BANKRUPTCY
NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by Ambac Financial Group Inc.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMBRILIA BIOPHARMA: Filing of 3rd Quarter Results Will be Delayed
-----------------------------------------------------------------
Ambrilia Biopharma Inc. disclosed that the filing of its interim
financial statements, management's discussion and analysis and
related CEO and CFO certifications for the third quarter ended on
September 30, 2010, will be delayed beyond the filing deadline of
November 12, 2010.   As a result of Ambrilia's ongoing review
process while under the Companies' Creditors Arrangement Act
(Canada) ("CCAA") protection, there is a high degree of
measurement uncertainty with respect to the appropriate carrying
value of certain of Ambrilia's assets on its balance sheet and as
a result Ambrilia is unable to prepare its Interim Filings.

                     About Ambrilia Biopharma

Ambrilia Biopharma Inc. is a biotechnology company focused on the
discovery and development of novel treatments for viral diseases
and cancer.  The Company's strategy aims to capitalize on its
broad portfolio and original expertise in virology.  Ambrilia's
product portfolio is comprised of oncology and antiviral assets,
including two new formulations of existing peptides for cancer
treatment, a targeted delivery technology for cancer, an HIV
protease inhibitor program as well as HIV integrase and entry
inhibitors, Hepatitis C virus inhibitors and anti-Influenza A
compounds. Ambrilia's head office is located in Montreal.

The Company is currently subject to court protection under the
CCAA.


AMERICAN APPAREL: Posts $9.5 Million Net Loss in Q3 2010
--------------------------------------------------------
American Apparel, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $9.5 million on $134.5 million of revenue
for the three months ended September 30, 2010, compared with net
income of $4.2 million on $150.3 million of revenue for the same
period last year.

The Company incurred a loss from operations of $8.0 million for
the three months ended September 30, 2010, as compared to income
from operations of $11.2 million for the same period last year.

The Company's balance sheet at September 30, 2010, showed
$322.7 million in total assets, $231.3 million in total
liabilities, and stockholders' equity of $91.4 million.

American Apparel discloses that as of September 30, 2010, the
Company was in compliance with all required covenants of the
revolving credit facility of $75,000,000 with Bank of America,
N.A., and the $80,000,000 term loan agreement with Lion Capital
LLP.  However, as of September 30, 2010, the Company was not in
compliance with the covenant under the C$11,000,000 credit
agreement with Bank of Montreal, which required furnishing audited
financial statements of American Apparel's Canadian operations to
Bank of Montreal within 120 days after December 31, 2009.

"The Company incurred a substantial loss from operations and had
negative cash flows from operating activities for the nine months
ended September 30, 2010.  Based upon results of operations for
the nine months ended September 30, 2010, and through the issuance
date of these financial statements and projected for the remainder
of 2010, the Company may not have sufficient liquidity necessary
to sustain operations for the next twelve months.  The Company's
current operating plan indicates that it will incur a loss from
operations for fiscal 2010.  The Company believes that it is
probable that beginning January 31, 2011, the Company will not be
in compliance with the minimum Consolidated EBITDA covenant under
the Lion Credit Agreement.  Based upon the foregoing, the Company
has classified its obligations outstanding under the Lion Credit
Agreement as current liabilities in the accompanying condensed
consolidated balance sheets as of September 30, 2010," the Company
said in the filing.

"Noncompliance with covenants under the Lion Credit Agreement
would constitute an event of default under the BofA Credit
Agreement, which, if not waived, could block the Company from
making borrowings under the BofA Credit Agreement.  In addition,
all indebtedness under the BofA Credit Agreement and the Lion
Credit Agreement could be declared immediately due and payable.
The Company anticipates working with its lenders to obtain
amendments or waivers prior to any possible covenant
noncompliance; however, the Company cannot provide assurance that
it will be able to secure such amendments or waivers or the terms
and conditions of such amendments or waivers.  If such
indebtedness is declared due and immediately payable or the
Company cannot borrow under the BofA Credit Agreement, the Company
would have to obtain alternative sources of liquidity; however,
the Company cannot provide assurance that it will be able to
obtain such alternative sources of liquidity and/or modify its
operations to maintain liquidity on terms that are acceptable to
the Company, or at all.  These factors, among others, raise
substantial doubt that the Company will be able to continue as a
going concern."

As of September 30, 2010, the Company had (i) approximately
$8.5 million in cash, (ii) $9.6 million available and
$45.4 million outstanding under the BofA Credit Agreement, (iii)
$76.0 million of borrowings outstanding under the Lion Credit
Agreement, and (iv) $3.7 million available and $4.4 million
outstanding under Bank of Montreal Credit Agreement.

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

               http://researcharchives.com/t/s?6e12

In a press release dated November 9, 2010, Dov Charney, Chairman,
CEO and founder of American Apparel stated: "We are excited to be
working with Lion Capital to develop a strategic plan consistent
with our capital structure.  We recently announced the hiring of
Tom Casey as Acting President and we are in the process of hiring
several additional new executives.  The American Apparel brand
remains strong and many of our customers appreciate that our high
quality, fashionable basics are made in America.  I have seen
reinvigorated interest in our brand and our customers are
recognizing us for our new products.  We plan to continue driving
sales of our basics as we align product design and development
with more efficient manufacturing."

Tom Casey, Acting President, added: "We expect to improve
financial results by supporting the brand with a customer-focused
supply chain, leveraging our speed to market capability with lower
distribution costs.  We are optimizing our retail store base
through investments in technology and improved allocation while
lowering our lease costs."

A complete text of the earnings release is available for free at:

               http://researcharchives.com/t/s?6e13

                      About American Apparel

Los Angeles, Calif.-based American Apparel, Inc. (NYSE Amex: APP)
-- http://www.americanapparel.com/-- is a vertically integrated
manufacturer, distributor, and retailer of branded fashion basic
apparel.  As of September 30, 2010, American Apparel employed over
10,000 people and operated 278 retail stores in 20 countries,
including the United States, Canada, Mexico, Brazil, United
Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan,
South Korea and China.


AMERICAN APPAREL: To Hold 2010 Stockholders' Meeting on Dec. 10
---------------------------------------------------------------
American Apparel, Inc., will hold its 2010 Annual Meeting of
Stockholders at the Company's headquarters located at 747
Warehouse Street, Los Angeles, California 90021, on Friday,
December 10, 2010, at 2:00 p.m., Pacific Time.

Proxy materials are available for review at
http://www.cstproxy.com/americanapparel/2010.

                      About American Apparel

Los Angeles, Calif.-based American Apparel, Inc. (NYSE Amex: APP)
-- http://www.americanapparel.com/-- is a vertically integrated
manufacturer, distributor, and retailer of branded fashion basic
apparel.  As of September 30, 2010, American Apparel employed over
10,000 people and operated 278 retail stores in 20 countries,
including the United States, Canada, Mexico, Brazil, United
Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan,
South Korea and China.

The Company's balance sheet at September 30, 2010, showed
$322.7 million in total assets, $231.3 million in total
liabilities, and stockholders' equity of $91.4 million.

American Apparel disclosed in its quarterly report on Form 10-Q
for the third quarter of 2010 that based upon results of
operations for the nine months ended September 30, 2010, and
through the issuance of the financial statements and projected for
the remainder of 2010, the Company may not have sufficient
liquidity necessary to sustain operations for the next twelve
months, and that it is probable that beginning January 31, 2011,
the Company will not be in compliance with the minimum
Consolidated EBITDA covenant under the $80,000,000 term loan with
Lion Capital LLP.

"Noncompliance with covenants under the Lion Credit Agreement
would constitute an event of default under the BofA Credit
Agreement, which, if not waived, could block the Company from
making borrowings under the BofA Credit Agreement," the Company
said in the filing.  "These factors, among others, raise
substantial doubt that the Company will be able to continue as a
going concern."


AMERICAN HOME: Creditors Object to Borrowers' Attorney Fees
-----------------------------------------------------------
Bankruptcy Law360 reports that American Home Mortgage Holdings
Inc. and its creditors have come out against Gilbert LLP and
Zuckerman Spaeder LLP's request for roughly $700,000 in fees for
representing mortgage borrowers in the Chapter 11 liquidation.

Law360 says AHM and the creditors committee urged Judge
Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware to reject the final fee applications.

                        About American Home

Based in Melville, New York, American Home Mortgage Investment
Corp. (NYSE: AHM) -- http://www.americanhm.com/-- was a mortgage
real estate investment trust engaged in the business of investing
in mortgage-backed securities and mortgage loans resulting from
the securitization of residential mortgage loans originated and
serviced by its subsidiaries.

American Home Mortgage and seven affiliates filed for Chapter 11
protection on August 6, 2007 (Bankr. D. Del. Case Nos. 07-11047
through 07-11054).  James L. Patton, Jr., Esq., Joel A. Waite,
Esq., and Pauline K. Morgan, Esq. at Young, Conaway, Stargatt &
Taylor LLP represent the Debtors.  Epiq Bankruptcy Solutions LLC
acts as the Debtors' claims and noticing agent.  The Official
Committee of Unsecured Creditors selected Hahn & Hessen LLP as
its counsel.  As of March 31, 2007, American Home Mortgage's
balance sheet showed total assets of $20,553,935,000, total
liabilities of $19,330,191,000.

American Home filed a de-consolidated plan of liquidation on
August 15, 2008.  The former home mortgage lender's liquidating
Chapter 11 plan was confirmed in February 2009.


ANGIOTECH PHARMA: Receives Forbearance Extension, More Funds
------------------------------------------------------------
Angiotech Pharmaceuticals, Inc., said Tuesday it had entered into
an updated and amended credit facility and Forbearance Agreement
with Wells Fargo Capital Finance, LLC.  The updated and amended
credit facility will provide the Company with up to $35 million of
liquidity, with the applicable interest rate and other material
terms being consistent with its current credit facility with Wells
Fargo, except that the updated and amended credit facility is
expected to increase its borrowing base, thereby assuring the
Company immediate access to approximately $25 million under the
facility, and provides for amended levels of material financial
covenants.

The Amended and Restated Forbearance Agreement provides for the
credit facility to be available under the amended terms through
the earlier of April 30, 2011, or the completion of Angiotech's
recapitalization transaction, subject to certain terms and
conditions.

Under the Amended and Restated Forbearance Agreement, Wells Fargo
agreed to not immediately exercise any rights or remedies it has
related to: (a) the Company's failure to make a $9.7 million
interest payment due to subordinated noteholders on October 1,
2010; (b) the Company's ongoing litigation with QSR Holdings,
Inc.; or (c) any failure to deliver audited financial statements
with an unqualified audit opinion with respect to the going
concern assumption for the fiscal year ending December 31, 2010.

The Company incurred $100,000 in amendment fees to complete both
the Forbearance Agreement and Amended and Restated Forbearance
Agreement and $300,000 to complete the amendment to the credit
facility.  The Company currently has no borrowings outstanding
under the credit facility other than amounts specified under the
letters of credit.

                         About Angiotech

Based in Vancouver, British Columbia, in Canada, Angiotech
Pharmaceuticals, Inc. (NASDAQ: ANPI; TSX: ANP) --
http://www.angiotech.com/-- is a global specialty pharmaceutical
and medical device company.  Angiotech discovers, develops and
markets innovative treatment solutions for diseases or
complications associated with medical device implants, surgical
interventions and acute injury.

As reported by the Troubled Company Reporter on November 8, 2010,
Angiotech has entered into a Recapitalization Support Agreement
with the holders of roughly 73% of its 7.75% Senior Subordinated
Notes to effectuate a recapitalization of the Company that will
result in a significant reduction of its debt.  Upon
implementation, the recapitalization transaction will eliminate
$250 million in total indebtedness and provide significant
improvements to Angiotech's credit ratios, liquidity and financial
flexibility.  Under the Support Agreement, the Consenting
Noteholders have agreed to exchange their Subordinated Notes for
new common stock in the Company.  Noteholders participating in the
Exchange Offer would receive 90% of new common stock.

A full-text copy of the Recapitalization Support Agreement is
available for free at http://ResearchArchives.com/t/s?6da9

                           *     *     *

Standard & Poor's Ratings Services lowered its long-term corporate
credit rating on Angiotech Pharmaceuticals Inc. to 'D' (default)
from 'CC'.  At the same time, S&P lowered its issue-level rating
on the company's US$250 million senior subordinated debt to 'D'
from 'C'.  S&P also lowered the issue-level rating on the
US$325 million senior unsecured notes to 'C' from 'CC'.  The
recovery rating on each debt piece is unchanged.

Moody's Investors Service downgraded the probability of default
rating of Angiotech Pharmaceuticals, Inc., to Ca/LD from Ca and
affirmed the Corporate Family Rating at Ca.  The company's other
existing debt ratings were affirmed.  The outlook is developing.


ANGIOTECH PHARMA: Net Loss Widens to $18.5MM at Q3 2010
-------------------------------------------------------
Angiotech Pharmaceuticals, Inc., on Tuesday released its financial
results for the third quarter ended September 30, 2010.

Angiotech reported a net loss of $18,500,000 for the three months
ended September 30, 2010, from a net loss of $7,802,000 for the
same period a year ago.  Net loss widened to $39,269,000 for the
nine months ended September 30, 2010, from a net loss of
$7,235,000 for the same period a year ago.

The Company said revenues narrowed to $58,984,000 for the three
months ended September 30, 2010, from $63,244,000 for the same
period a year ago.  Revenues were $184,211,000 for the nine months
ended September 30, 2010, from $216,117,000 in the year ago
period.

At September 30, 2010, the Company had total assets of
$326,800,000, total current liabilities of $60,300,000 and total
non-current liabilities of $622,168,000, and shareholders' deficit
of $355,668,000.

A full-text copy of Angiotech's earnings release is available
at http://is.gd/gT3g1

                         About Angiotech

Based in Vancouver, British Columbia, in Canada, Angiotech
Pharmaceuticals, Inc. (NASDAQ: ANPI; TSX: ANP) --
http://www.angiotech.com/-- is a global specialty pharmaceutical
and medical device company.  Angiotech discovers, develops and
markets innovative treatment solutions for diseases or
complications associated with medical device implants, surgical
interventions and acute injury.

As reported by the Troubled Company Reporter on November 8, 2010,
Angiotech has entered into a Recapitalization Support Agreement
with the holders of roughly 73% of its 7.75% Senior Subordinated
Notes to effectuate a recapitalization of the Company that will
result in a significant reduction of its debt.  Upon
implementation, the recapitalization transaction will eliminate
$250 million in total indebtedness and provide significant
improvements to Angiotech's credit ratios, liquidity and financial
flexibility.  Under the Support Agreement, the Consenting
Noteholders have agreed to exchange their Subordinated Notes for
new common stock in the Company.  Noteholders participating in the
Exchange Offer would receive 90% of new common stock.

A full-text copy of the Recapitalization Support Agreement is
available for free at http://ResearchArchives.com/t/s?6da9

                           *     *     *

Standard & Poor's Ratings Services lowered its long-term corporate
credit rating on Angiotech Pharmaceuticals Inc. to 'D' (default)
from 'CC'.  At the same time, S&P lowered its issue-level rating
on the company's US$250 million senior subordinated debt to 'D'
from 'C'.  S&P also lowered the issue-level rating on the
US$325 million senior unsecured notes to 'C' from 'CC'.  The
recovery rating on each debt piece is unchanged.

Moody's Investors Service downgraded the probability of default
rating of Angiotech Pharmaceuticals, Inc., to Ca/LD from Ca and
affirmed the Corporate Family Rating at Ca.  The company's other
existing debt ratings were affirmed.  The outlook is developing.


ATLANTIC COAST PALADIN: Court Dismisses Ch. 11 Case for 2nd Time
----------------------------------------------------------------
The Hon. Paul G. Hyman, Chief Judge of the U.S. Bankruptcy Court
for the Southern District of Florida, has dismissed for a second
time Atlantic Coast Paladin Shores, LLC's Chapter 11 case, without
prejudice to the Debtor's filing of a petition under any chapter
of the Bankruptcy Code for a period of 6 months from November 3,
2010, the date of the order.  Judge Hyman did not give the reasons
for his dismissal of the Chapter 11 case.

As reported in the Troubled Company Reporter on May 19, 2010,
Judge Hyman reinstated the Debtor's Chapter 11 case, which was
dismissed in April 2010 because the U.S. Trustee for Region 21
said that the Debtor failed to appear at the meeting of creditors.

Sebastian, Florida-based Atlantic Coast Paladin Shores, LLC, filed
for Chapter 11 bankruptcy protection on March 2, 2010 (Bankr. S.D.
Fla. Case No. 10-15275).  Martin Werner, Esq., who has an office
in Boca Raton, Florida, assists the Company in its restructuring
effort.  In its schedules, the Debtor listed $13,503,039 in total
assets and $3,063,543 in total liabilities as of the Petition
Date.


BEARINGPOINT INC: Bankruptcy Judge Denies Indonesia's Tax Claim
---------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that U.S. Bankruptcy Judge Robert F. Gerber issued a
ruling on Nov. 5 rejecting the government of Indonesia's proofs of
claim against BearingPoint Inc. based on about $4 million in taxes
that weren't paid by a BearingPoint subsidiary in Indonesia.

Mr. Rochelle relates that although Judge Gerber assumed that the
BearingPoint parent company was liable for taxes owing by the
non-bankrupt Indonesian subsidiary, he denied the claims based on
what he called the longstanding common law doctrine know as the
"Revenue Rule."  Judge Gerber said that "it has long been a
general rule that one sovereignty may not maintain an action in
the courts of another state for the collection of a tax claim."
Judge Gerber said that Indonesia's "eloquent pleas for fairness"
can't overcome a rule of common law establish by the U.S. Supreme
Court.

John DeGroote, the liquidating trustee in the bankruptcy cases of
BearingPoint and its affiliates, moved to disallow two claims
filed by the Republic of Indonesia, in the amounts of $389,000 and
$3.5 million.

A copy of Judge Gerber's decision, dated November 5, 2010, is
available at http://is.gd/gV77Ofrom Leagle.com.

                      About BearinPoint Inc.

BearingPoint, Inc. -- http://www.BearingPoint.com/-- was one of
the world's largest providers of management and technology
consulting services to Global 2000 companies and government
organizations in more than 60 countries worldwide.

BearingPoint, Inc., fka KPMG Consulting, Inc., together with its
units, filed for Chapter 11 protection (Bankr. S.D.N.Y., Case No.
09-10691) on February 18, 2009.  The Debtors' legal advisor was
Weil, Gotshal & Manges, LLP.  Their restructuring advisor was
AlixPartners LLP, and their financial advisor and investment
banker was Greenhill & Co., LLC.  Jeffrey S. Sabin, Esq., at
Bingham McCutchen LLP represented the Creditors' Committee.
Garden City Group served as claims and notice agent.

BearingPoint disclosed total assets of $1.655 billion and debts of
$2.201 billion as of December 31, 2008.

On the petition date, BearingPoint filed a Chapter 11 plan of
reorganization negotiated with lenders prepetition.  BearingPoint,
however, changed course and pursued a sale of its units, after
determining that creditor recoveries would be maximized through
sales of the businesses.

On December 22, 2009, the Bankruptcy Court entered an order
confirming the Debtors' Modified Second Amended Joint Plan Under
Chapter 11 of the Bankruptcy Code, dated December 17, 2009.  On
December 30, 2009, the Debtors satisfied the conditions precedent
to the effectiveness of the Plan and on December 31, 2009, a
Notice of Effective Date of the Plan was filed with the Bankruptcy
Court.  John DeGroote was appointed as liquidating trustee under
the Plan.


BERRY PLASTIC: S&P Assigns 'CCC' Rating to $800 Mil.  Notes
----------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned a debt
rating of 'CCC' (two notches below the 'B-' corporate credit
rating) and a recovery rating of '6' to Berry Plastic Corp.'s
proposed offering of $800 million second-priority senior secured
notes due 2020.  These ratings indicate S&P's expectation of
negligible (0%-10%) recovery in the event of a payment default.

At the same time, S&P affirmed all its other ratings on Berry and
its holding company parent, Berry Plastics Group Inc.

Pro forma for the proposed debt issue and refinancing, as of
Oct. 2, 2010, Evansville, Ind.-based Berry had total adjusted
debt of about $4.7 billion.  S&P adjusted debt to include about
$260 million of capitalized operating leases, $10 million of tax-
effected unfunded postretirement obligations, and $50 million of
parent company debt as of that date.

"The ratings on Berry reflect the risks associated with the
company's highly leveraged financial profile and acquisition-
driven growth strategy as well as its fair business risk profile,"
said Standard & Poor's credit analyst Cynthia Werneth.

Berry is a leading producer of rigid plastic packaging products
for relatively stable dairy, food, beverage, health care, and
other consumer product applications.  The company also
manufactures flexible packaging products, some of which serve more
cyclical end markets.

The stable outlook incorporates S&P's expectation that Berry can
stabilize operating cash flow and liquidity, and that it will
reduce total adjusted debt to EBITDA to the 7x area during the
next few years, with funds from operations to total adjusted debt
above 5%.  However, S&P could lower the ratings if operating
results and credit metrics fail to improve in line with
expectations and free operating cash flow remains negative.  S&P
could also lower the ratings in the event of a large, debt-
financed acquisition that strains leverage and liquidity.

Weak credit measures and very aggressive financial policies limit
prospects for an upgrade during the next several quarters.


BLACK CROW: Files Chapter 11 Reorganization Plan
------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Black Crow Media Group LLC filed a Chapter 11 plan on
Nov. 8, just as the exclusive right to propose a reorganization
plan was expiring.

The Plan, according to the report, offers alternatives to General
Electric Capital Corp., the secured lender owed $38.9 million at
the outset of the reorganization in January:

   1.  The first option would allow GECC to take $13 million in
       cash and walk away

    2. The second option would give GECC a 10-year note for about
       $15.6 million, representing the value of the collateral.
       The note would pay 4% interest and 1% a year in principal,
       plus a portion of excess cash flow.  For the deficiency
       claim, GECC would receive 20% of sale proceeds above
       $3 million.

    3. If GECC votes against the plan, it would take the second
       option if the judge approves the plan.

                         About Black Crow

Daytona Beach, Florida-based Black Crow Media Group, LLC, owns and
operates 17 FM and 5 AM radio stations in Daytona Beach, Live Oak,
Valdosta, Huntsville, Alabama, and Jackson, Tennessee.

Black Crow filed for Chapter 11 protection in January, two days
before a hearing in U.S. district court where GECC was seeking
appointment of a receiver following default on term loans and a
revolving credit.

The Company filed for Chapter 11 bankruptcy protection on
January 11, 2010 (Bankr. M.D. Fla. Case No. 10-00172).  The
Company's affiliates -- Black Crow Media, LLC, et al. -- also
filed separate Chapter 11 petitions.  Mariane L. Dorris, Esq., and
R. Scott Shuker, Esq., at Latham Shuker Eden & Beaudine LLP,
assist the Company in its restructuring effort.  The Company
estimated assets of $10 million to $50 million and debts of $50
million to $100 million in its Chapter 11 petition.


BOCA BRIDGE: Creditors Succeed with Involuntary Petition
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a bankruptcy judge in West Palm Beach, Florida,
entered a ruling placing the Boca Raton Bridge LLC into
Chapter 11.

In August, 10 creditors owed $69,400 filed an involuntary
Chapter 11 petition (Bankr. S.D. Fla. Case No. 10-34538) against
Boca Bridge, the owner of the Boca Raton Bridge Hotel.

According to Mr. Rochelle, the bankruptcy judge ruled in mid-
October that the hotel isn't generally paying its debts as they
mature.  Consequently, the judge put the hotel into Chapter 11
reorganization.


C-D JONES: Secured Creditor Not Liable for Daakes Claim
-------------------------------------------------------
The Hon. Margaret A. Mahoney rules that the evidence of record
does not support a finding that 331 Partners LLC should be liable
for the debts of bankrupt homebuilder C-D Jones on the basis of
successor liability, alter ego, or joint venture.  Accordingly,
Judge Mahoney says 331 Partners should not be held liable for
Thomas and Adele Daakes' judgment against C-D Jones and the
Debtor's objection to the Daakes' Claim is sustained.

The Daakes filed a proof of claim for $6,127,273 in the C-D Jones
bankruptcy on October 20, 2009.  The Daakes filed a proof of claim
in 331 Partners' bankruptcy on August 18, 2010.  The Daakes
amended that claim on October 14, 2010, to $6,333,453 to include
attorneys' fees, costs, and post-judgment interest.

C-D Jones filed a Chapter 11 bankruptcy petition on July 30, 2009,
in the Northern District of Florida.  In its schedules it listed
331 Partners as a secured creditor with a contract claim for
unbuilt homes and a first mortgage on 37 vacant lots.  331
Partners obtained relief from the automatic stay as to assets
under the Lot Sales and Houses Notes.  C-D Jones' schedules also
listed the Daakes as unsecured judgment creditors.

A copy of the Court's order dated November 9, 2010, is available
at http://is.gd/gTMOZfrom Leagle.com.

Based in Mobile, Alabama, 331 Partners, LLC, was formed by Bill
Clay in 2004 for the purpose of acquiring Sandestin parcel number
331 in Sandestin, Florida.  Parcel 331 was the only remaining
tract of undeveloped single-family use property in the Sandestin
resort.  331 Partners filed for Chapter 11 bankruptcy (Bankr. S.D.
Ala. Case No. 10-00846) on February 27, 2010.  A. Richard Maples,
Jr., Esq., serves as the Debtor's bankruptcy counsel.  In its
schedules, 331 Partners disclosed assets of $2,756,142 and
liabilities of $3,807,368.


CAPRIUS INC: Increases Vintage Securities Deal to $4.5 Million
--------------------------------------------------------------
Caprius Inc. and its subsidiaries entered into Amendment No. 2 to
the Securities Purchase and Sale Agreement, dated as of
September 16, 2009, with Vintage Capital Group, LLC, whereby the
maximum availability thereunder was increased up to $4.5 million.
There were no other material changes to the terms of Securities
Purchase and Sale Agreement, dated September 16, 2009 as amended
in Amendment No. 1 dated September 8, 2010.

Vintage had advanced approximately $4.0 million in cash to the
Company, exclusive of amounts related to capitalized obligations.
The Company will use the proceeds of the funding under the
Amendment for working capital, production and further marketing
of the SteriMed Systems, as well as the settlement of certain
outstanding obligations.

A full-text copy of the Amended Securities Purchase And Sale
Agreement is available for free at:

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

                      About Caprius, Inc.

Paramus, N.Y.-based Caprius, Inc., is engaged in the infectious
medical waste disposal business, through its wholly-owned
subsidiary M.C.M. Environmental Technologies, Inc., which
developed, markets and sells the SteriMed and SteriMed Junior
compact systems that simultaneously shred and chemically disinfect
regulated medical waste, utilizing its proprietary, EPA
registered, bio-degradable chemical known as Ster-Cid.

The Company's balance sheet at June 30, 2010, showed $1.66 million
in total assets, $5.87 million in total liabilities, and a
$4.22 million stockholders' deficit.

                         *     *     *

Marcum LLP, in New York City, expressed substantial doubt about
the Company's ability to continue as a going concern after
auditing the Company's financial results for fiscal 2009.  The
independent auditors noted of the Company's working capital
deficiency and substantial recurring losses from operations.


CENTRAL PACIFIC: Fitch Puts Junk Long-term IDR on Watch Evolving
----------------------------------------------------------------
Fitch Ratings has placed the ratings of Central Pacific Financial
Corp. and its banking subsidiary Central Pacific Bank, on Rating
Watch Evolving following the company's announcement of a
$325 million capital raising initiative.

The potential equity includes $98 million each from both The
Carlyle Group and Anchorage Capital Group.  Both private equity
firms' investments are contingent however, upon CPF raising an
additional $130 million from other sources, an exchange of the
U.S. Treasury's Capital Purchase Program (preferred stock for
common stock, and necessary regulatory approvals.  The capital
infusion is expected to close during the first quarter of 2001
(1Q'11).  Placement on Rating Watch Evolving indicates that
ratings may be raised, lowered, or affirmed at current levels.

The placement on Rating Watch Evolving recognizes The Carlyle
Group's track record with similar transactions.  In tandem with
other third party investors, Carlyle has participated in several
re-capitalizations of troubled financial institutions.  Fitch
believes that the capital raise has been sized to restore CPF's
regulatory capital levels.  To the extent that CPF can be
appropriately recapitalized, ratings could be raised from their
current levels.  At present, CPF has fallen below 'well
capitalized' status with a total capital ratio of 8.6%.
Conversely, in Fitch's opinion, if CPF is unable to complete a
recapitalization, receivership of the bank and default of the
holding company become increasingly likely.

Since 2009, CPF has been operating under a Consent Order with the
FDIC and its state regulator, in addition to a Written Agreement
with the Federal Reserve Bank of San Francisco, requiring the
company to enhance capital ratios.  CPF's capital issues stem
primarily from losses related to its sizeable California
commercial real estate exposure.  Even with the potential
recapitalization, CPF is expected to possess elevated Non-
Performing Assets (NPAs including restructured loans totaled
$387 million or 15.66% at Sept. 30, 2010).

Fitch anticipates resolving the Rating Watch upon successful
completion of the equity raise, which is expected to close in
1Q'11.  In addition, resolution of the Rating Watch will encompass
the adequacy of new capital levels relative to remaining problem
assets levels, CPF's prospects for returning to profitability, and
longer-term strategic objectives.  If the CPP is converted to
common equity, Fitch would withdraw the rating on the CPP.

CPF is a $4.2 billion banking company headquartered in Honolulu,
HI.  CPF provides a full range of traditional commercial consumer
and banking services.  Through its bank subsidiary, Central
Pacific Bank, the company operates 35 branches throughout Hawaii.

Fitch has placed these ratings on Rating Watch Evolving:

Central Pacific Financial Corp.

  -- Long-term IDR 'CC';
  -- Short-term IDR 'C';
  -- Individual 'E';
  -- Preferred Stock 'C/RR6'.

Central Pacific Bank

  -- Long-term IDR 'CC';
  -- Long-term deposits 'CCC/RR3';
  -- Short-term IDR 'C';
  -- Short-term deposits 'C';
  -- Individual 'E'.

CPB Capital Trust I, II, & IV
CPB Statutory Trust III & V

  -- Trust Preferred Securities 'C/RR6'.

Fitch has affirmed these ratings:

Central Pacific Financial Corporation

  -- Support at '5';
  -- Support floor at 'NF'.

Central Pacific Bank

  -- Support at '5';
  -- Support floor at 'NF'.


CHEMTURA CORP: Completes Restructuring and Emerges from Ch. 11
--------------------------------------------------------------
Chemtura Corporation has successfully completed its financial
restructuring and emerged from protection under Chapter 11 of the
United States Bankruptcy Code.  The Company also announced that
Chemtura Canada Co./Cie has concluded its Companies' Creditors
Arrangement Act proceedings and has emerged from Chapter 11 at the
same time as the Company's U.S. operations.  In connection with
the Company's emergence, Chemtura expects to be listed on the New
York Stock Exchange on November 11, 2010 and trade under the
ticker "CHMT".

"Today marks a new beginning for our company, and our employees,
customers and suppliers," said Craig A. Rogerson, Chemtura's
Chairman, President and Chief Executive Officer.  "With the
successful completion of our financial restructuring, we have
significantly reduced our debt, improved our cost structure and
resolved a considerable amount of environmental and other
liabilities."

Rogerson continued, "Looking forward, we will remain focused on
our longer term corporate objective of growing a global portfolio
of leading specialty chemical businesses, committed to innovation
and the creation of value for our stakeholders.  We will build
from our current globally diverse assets that are well-positioned
for success in each segment we serve.  We look forward to working
with all of our stakeholders for the long-term.  I thank our
dedicated employees for helping us to achieve solid results
throughout this process, and our customers and suppliers for their
support."

Under the Plan, the Company will satisfy creditors' claims in cash
and/or stock in the reorganized Company and also provide value to
equity holders.  Additional information with respect to
distributions under the Plan is available free of charge in the
investors section at http://www.chemtura.comand at
http://www.kccllc.net/chemtura/

Holders of allowed claims should allow 21 days from the Effective
Date to receive both the new common stock and the cash. If either
is not received after 21 days, please contact Chemtura's claims
agent at (866) 967-0261.

On November 3, 2010, the United States Bankruptcy Court for the
Southern District of New York entered an order confirming
Chemtura's Plan of Reorganization.  The Court's order confirming
the Plan is available free of charge at
http://www.kccllc.net/chemtura/

                         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: Court Denies Pentair's Bid for Mandatory Injunction
------------------------------------------------------------------
To avoid the risk of equitable mootness on issues it wishes to
raise on appeal, Pentair Water Pool and Spa Inc. asked the
Bankruptcy Court in Chemtura Corporation's case for (1) a
mandatory injunction requiring an additional $20 million in value
to be put into the Disputed Claims Reserve, and (2) a stay of the
distributions to equity security holders of $20 million worth of
value to which, based on the Court's TEV findings, they'd
otherwise be entitled.

The Debtors, joined by the Official Creditors' Committee, Ad Hoc
Committee of Bondholders, and the Equity Committee (whose
constituency would be prejudiced most be Pentair's requests),
oppose the motion in each of its possible variants.

The Hon. Robert Gerber denies Pentair's motion.  He says Pentair
has failed to meet the requirements for relief under
Fed.R.Bankr.P. 8005, and especially for a mandatory injunction.

Judge Gerber adds that he considered, and ultimately rejected,
whether the posting of a bond of sufficient size might permit
Pentair's request.  "While I initially thought it could, I've come
to the view that such wouldn't be adequate under the law, and
that, even with a bond, granting the relief at all would be unduly
prejudicial to equity security holders (the majority of whom are
'retail' or 'mom and pop' shareholders, who would legitimately be
looking for their Plan entitlements), and that the bond would not
sufficiently help them.  In any event, Pentair's counsel has
acknowledged, understandably, that he could not advise his client
to post a bond in any substantial size, in light of the uncertain
prejudice his client might ultimately suffer if the Disputed
Claims Reserve remains as is, and with the risk-reward imbalance
that such a decision would entail," Judge Gerber says.

A copy of Judge Gerber's bench decision, dated November 8, 2010,
is available at http://is.gd/gTYXrfrom Leagle.com.

                         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 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.

Judge Robert E. Gerber confirmed the Debtors' reorganization plan
on October 22, 2010.  The Debtors' equity security holders tried
to derail the plan, arguing it undervalued the company.


CINCINNATI BELL: Sept. 30 Balance Sheet Upside Down by $611MM
-------------------------------------------------------------
Cincinnati Bell Inc.'s balance sheet at Sept. 30, 2010, showed
$2.59 billion in total assets, $3.20 billion in total liabilities,
and a stockholder's deficit of $611.4 million.

The Company also disclosed in the Form 10-Q filed with the
Securities and Exchange Commission that revenue for the third
quarter of 2010 was $352 million, an increase of 4% compared to
the third quarter of 2009.  Net income for the third quarter of
$15 million decreased from $28 million in 2009, and diluted
earnings per share of 6 cents decreased from 12 cents.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6e0e

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6da6

A full-text copy of the third quarter 2010 review is available for
free at http://ResearchArchives.com/t/s?6da7

                      About Cincinnati Bell

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

                          *     *     *

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

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

Fitch Ratings has issued its Recovery Rating review of the U.S. &
Canada Telecommunications and Cable sector.  This review includes
an analysis of valuation multiples, EBITDA discounts applied and
detailed recovery worksheets for issuers with a Fitch Issuer
Default Rating of 'B+' or lower in this sector.


CINCINNATI BELL: To Issue Add'l $275-Mil. of Senior Notes
---------------------------------------------------------
Cincinnati Bell Inc. said it intends to publicly offer an
additional $275 million in aggregate principal amount of its
8 3/8% senior notes due 2020.

These notes will be issued as additional notes under the indenture
pursuant to which the company issued $500 million in aggregate
principal amount of its 8 3/8% senior notes due 2020 on October
13, 2010.  The additional notes will be treated as a single series
with, and will have the same terms as, the existing 2020 notes and
will be interchangeable with the existing 2020 notes.  The
offering and sale of the additional notes will be made pursuant to
an automatic shelf registration statement on Form S-3 previously
filed with the Securities and Exchange Commission.

The company intends to use the net proceeds from the sale of the
additional notes to repay remaining outstanding indebtedness under
its secured term loan facility and to pay related fees and
expenses.

Deutsche Bank Securities Inc. will act as the Sole Bookrunning
Manager for the additional senior notes offering.

                      About Cincinnati Bell

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

Cincinnati Bell's balance sheet at Sept. 30, 2010, showed
$2.59 billion in total assets, $3.20 billion in total liabilities,
and a stockholder's deficit of $611.4 million.

                          *     *     *

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

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

Fitch Ratings has issued its Recovery Rating review of the U.S. &
Canada Telecommunications and Cable sector.  This review includes
an analysis of valuation multiples, EBITDA discounts applied and
detailed recovery worksheets for issuers with a Fitch Issuer
Default Rating of 'B+' or lower in this sector.


CIRCUIT CITY: Trust Filing 600 Preference Suits
-----------------------------------------------
The liquidating trust created under the confirmed Chapter 11 plan
of Circuit City Stores Inc. is filing 600 lawsuits, mostly to
recover preferences, said Robert J. Feinstein, a lawyer with
Pachulski Stang Ziehl & Jones LLP, which represents the trust.  A
preference is a payment made within 90 days of bankruptcy on
account of overdue unsecured claims.

                         About Circuit City

Headquartered in Richmond, Virginia, Circuit City Stores Inc.
(NYSE: CC) -- http://www.circuitcity.com/-- was a specialty
retailer of consumer electronics, home office products,
entertainment software and related services in the U.S. and
Canada.

Circuit City Stores together with 17 affiliates filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code on
November 10, 2008 (Bankr. E.D. Va. Lead Case No. 08-35653).
InterTAN Canada, Ltd., which runs Circuit City's Canadian
operations, also sought protection under the Companies' Creditors
Arrangement Act in Canada.

Gregg M. Galardi, Esq., and Ian S. Fredericks, Esq., at Skadden,
Arps, Slate, Meagher & Flom, LLP, are the Debtors' general
restructuring counsel.  Dion W. Hayes, Esq., and Douglas M. Foley,
Esq., at McGuireWoods LLP, are the Debtors' local counsel.  The
Debtors also tapped Kirkland & Ellis LLP as special financing
counsel; Wilmer, Cutler, Pickering, Hale and Dorr, LLP, as special
securities counsel; and FTI Consulting, Inc., and Rotschild Inc.
as financial advisors.  The Debtors' Canadian general
restructuring counsel is Osler, Hoskin & Harcourt LLP.  Kurtzman
Carson Consultants LLC is the Debtors' claims and voting agent.
The Debtors disclosed total assets of $3,400,080,000 and debts of
$2,323,328,000 as of August 31, 2008.

Circuit City has liquidated its 721 stores, held going-out-of-
business sales, and sold store leases.  In May 2009, Systemax
Inc., a multi-channel retailer of computers, electronics, and
industrial products, acquired certain assets, including the name
Circuit City, from the Debtors through a Court-approved auction.


CITIZENS DEV'T: Files New List of 20 Largest Unsecured Creditors
----------------------------------------------------------------
Citizens Development Corp. has filed with the U.S. Bankruptcy
Court for the Southern District of California a new list of its 20
largest unsecured creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Ron Frazar                         Guarantee of Loan    $6,000,000
P.O. Box 4970                      to Affiliate
Whitefish, MT 59937

California Credit Union                                 $5,922,568
701 N. Brand Blvd., 3rd Floor
Glendale, CA 91203

El Toreador Prop Grp/J Serhan      Guarantee of Loan    $4,000,000
c/o WM J. Caldarelli, Esq.         To Affiliate
550 W. C Street, Suite 700
San Diego, CA 92101

Bank of the West                                        $3,000,000

San Diego County Treasurer -                              $237,637
Tax Collector

Jani-King of Calif, Inc.- SDO                              $77,761

California State Board of          Sales & Use Tax         $58,892
Equalization

California State Board of                                  $56,241
Equalization

Foley & Lardner LLP                                        $36,637

San Diego County Treasurer         Transient Occupancy     $31,664
                                   Tax

Vallecitos Water District                                  $31,133

San Diego Gas & Electric                                   $31,075

San Diego County Treasurer -       Property Taxes          $28,142
Tax Collector

Vanorsdale Insurance Services                              $25,519

San Diego County Treasurer         Personal Property       $25,219
                                   Unsecured Taxes

Haineslaw                                                  $24,871

Kitabayashi Design Studio                                  $19,427

Steve I. Kastner, Esq.             Legal Services          $17,570

Acushnet/Titlest                                           $15,880

Bank of America                                            $13,030

The following creditors were removed from the list:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
German American Capital Corp       Guarantee of debt   $11,018,955
60 Wall Street, 10th Floor
New York, NY 10005

Dept of Water Resources            Trade - Gov't Fees      $12,500

Worlwide Payment Systems, S.A.     Trade Debt              $10,597

TIG Global LLC                     Trade Debt              $10,000

The following creditors were added to the list:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
California State Board of          Sales & Use Tax         $58,892
Equalization

San Diego County Treasurer         Transient Occupancy     $31,664
                                   Tax

San Diego County Treasurer -       Property Taxes          $28,142
Tax Collector

San Diego County Treasurer         Personal Property       $25,219
                                   Unsecured Taxes

San Marcos, California-based Citizens Development Corp. filed a
voluntary petition for relief under Chapter 11 (Bankr. S.D. Calif.
Case No. 10-15142) on August 26, 2010.  Ron Bender, Esq., at
Levene, Neale, Bender, Yoo & Brill LLP, assists the Debtor in its
restructuring effort.  The Debtor estimated its assets at
$10 million to $50 million and debts at $10 million to $50
million.

Chapter 11 petitions were also filed by affiliates LSM Executive
Course, LLC (Bankr. S.D. Calif. Case No. 10-07480), and LSM Hotel,
LLC (Bankr. S.D. Calif. Case No. 10-13024).


CITIZENS DEV'T: Taps Levene Neale as General Bankruptcy Counsel
---------------------------------------------------------------
Citizens Development Corp. asks the U.S. Bankruptcy Court for the
Southern District of California for permission to employ Levene,
Neale, Bender, Yoo & Brill L.L.P., as general bankruptcy counsel,
nunc pro tunc to August 26, 2010.

Levene Neale will, among other things:

  a. advise the Debtor with regard to the requirements of the
     Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the
     Office of the United States Trustee as they pertain to
     the Debtor;

  b. advise the Debtor with regard to certain rights and remedies
     of its bankruptcy estate and the rights, claims and interests
     of creditors; and

  c. represent the Debtor in any proceeding or hearing in the
     Bankruptcy Court involving its estate unless the Debtor is
     represented in such proceeding or hearing by other
     special counsel.

During the one-year period prior to its Chapter 11 filing, the
Debtor paid the total sum of $100,000 to Levene Neale for legal
services in contemplation of and in connection with the Debtor's
Chapter 11 case, which retainer was in addition to the Debtor's
$1,039 Chapter 11 bankruptcy filing fee.

Levene Neale will be paid based on the standard hourly rates of
its professionals.  Levene Neale will also also seek reimbursement
of expenses in accordance with all applicable rules and
regulations.

Ron Bender, a partner at LNBYB, assures the Court that the firm is
a "disinterested person" as that term is defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

  Ron Bender, Esq.
  Krikor J. Meshefejian, Esq.
  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
  10250 Constellation Boulevard, Suite 1700
  Los Angeles, CA 90067
  Tel: (310) 229-1234
  Fax: (310) 229-1244
  E-mail: rb@lnbyb.com
          kjm@lnbyb.com

San Marcos, California-based Citizens Development Corp. filed a
voluntary petition for relief under Chapter 11 (Bankr. S.D. Calif.
Case No. 10-15142) on August 26, 2010.  The Debtor estimated its
assets at $10 million to $50 million and debts at $10 million to
$50 million.

Chapter 11 petitions were also filed by affiliates LSM Executive
Course, LLC (Bankr. S.D. Calif. Case No. 10-07480), and LSM Hotel,
LLC (Bankr. S.D. Calif. Case No. 10-13024).


CLEARWIRE CORP: S&P Junks Corporate Credit Rating From 'B-'
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating, and all other ratings, on Kirkland,
Wash.-based wireless carrier Clearwire Corp. to 'CCC' from 'B-'.
At the same time, S&P revised the CreditWatch listing on the
company from negative to developing.  S&P had initially placed the
ratings on CreditWatch with negative implications on Oct. 6, 2010,
based on S&P's view that Clearwire faced significant near-term
liquidity risks.

The downgrade follows the company's recent disclosure with the
Securities and Exchange Commission regarding the uncertainty about
its ability to obtain additional capital and continue as a going
concern.  In Clearwire's 2010 third-quarter earnings report and
conference call, the company indicated that it expected to run out
cash by mid-2011, which is consistent with S&P's earlier comments.
Cash totaled around $1.4 billion as of Sept. 30, 2010.

"Although Clearwire is initiating several cost-reduction
measures," said Standard & Poor's credit analyst Allyn Arden, "S&P
still expect that its cash balances will reach dangerously low
levels in early 2011 given its substantial capital requirements
and operating losses to support the network deployment."
Moreover, while the company is pursuing several options to raise
capital, including potential spectrum sales, additional debt, or
equity, it is uncertain, in S&P's view, that it will be able to
obtain sufficient funding.

In resolving the CreditWatch listing, S&P will continue to monitor
Clearwire's progress in addressing near-term liquidity concerns,
including new equity or debt or potential spectrum sales.  S&P
could raise the ratings if the company can raise sufficient
capital for the next 12 to 18 months, depending on S&P's
assessment of its business and financial plans.  S&P could lower
the ratings if Clearwire is unable to secure new funding over the
next few months and a financial restructuring appears imminent.


CMB III: May Employ Perkins Coie as Bankruptcy Counsel
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona has granted
C.M.B. III, L.L.C., permission to employ Perkins Coie Brown & Bain
P.A. as the Debtor's primary bankruptcy counsel, effective
October 8, 2010.  The Bankruptcy Court also ordered the transfer
from unencumbered funds of the estate a retainer of $100,000.  The
retainer will be held and not applied pending further of the Court
after notice and an opportunity for hearing, the order stated.

No payment of legal fees and costs will be made from property of
the estate except upon application and further order of the
Bankruptcy Court.

Richard M. Lorenzen, a partner at Perkins Coie, assured the
Bankruptcy Court that the firm is a disinterested party and will
represent no other interest than the Debtor's during the Chapter
11 proceeding.

The firm can be reached at:

  COIE PERKINS BROWN & BAIN P.A.
  2901 N. Central Avenue, Suite 2000
  Phoenix, AZ 85012-2788
  Tel: (602) 351-8000
  Fax: (602) 648-7000

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


CMB III: Files Schedules of Assets and Liabilities
--------------------------------------------------
C.M.B. III, L.L.C., 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                    Unknown
  B. Personal Property               $579,074
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $17,263,740
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $66,156
                                   ---------      -----------
        TOTAL                      $579,074      $17,329,896
                                    + Unknown

A copy of the schedules is available for free at:

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

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


COGECO CABLE: S&P Raises Corporate Credit Rating to 'BB+'
---------------------------------------------------------
Standard & Poor's Ratings Services said it raised its ratings on
Montreal-based cable television service provider, Cogeco Cable
Inc., including its long-term corporate credit rating to 'BB+'
from 'BB'.  The outlook is stable.  At Aug. 31, 2010, the company
had C$955 million of reported debt outstanding.

S&P raised the issue-level ratings on the company's senior secured
debt, which includes a C$750 million term revolving facility and
about C$728 million equivalent of senior secured notes and
debentures outstanding, to 'BBB' (two notches above the corporate
credit rating).

The recovery rating of '1' is unchanged.  The '1' recovery rating
reflects S&P's opinion as to an expectation of very high (90%-
100%) recovery in a default scenario.

"The upgrade primarily reflects S&P's view that while the company
is likely to pursue its acquisitive growth strategy, pro forma
debt to EBITDA will likely not increase by more than 3.5x for a
prolonged period" said Standard & Poor's credit analyst Madhav
Hari.  "In the interim, S&P expects that the strength of the
Canadian operations will more than offset potential weakness in
the company's Portuguese operations such that the company's credit
protection measures will remain relatively conservative for the
ratings," he added.

The ratings on Cogeco reflect the consolidated risk profile of the
company's 100%-owned Canadian and Portuguese cable subsidiaries.
In Standard & Poor's opinion, the ratings underpin the
satisfactory business risk profile of Cogeco's Canadian cable
operations, which comprise about 85% of total revenue, partially
offset by what S&P views as the vulnerable business risk profile
of the company's Portugal-based cable operator, Cabovisao-
Televisao por Cabo S.A.  The ratings are also supported by
Cogeco's relatively strong adjusted debt-to-EBITDA ratio and
corresponding credit metrics.  The ratings are tempered by what
S&P views as an aggressive financial policy, given management's
stated desire to pursue additional debt-financed acquisitions in
the future, potentially in new geographic markets where there are
few synergies available; and its high capital expenditures.

Cogeco is the second-largest cable operator in Ontario and Quebec,
as well as in Portugal, in terms of basic cable TV subscribers.
The company offers analog and digital cable TV, high-speed
Internet, and digital telephony services to about 2.5 million
combined households, typically located in midsize urban
communities.  At Aug. 31, 2010, the company serviced about
3.2 million revenue-generating units, and for the 12 months ended
Aug. 31, 2010, reported revenue and EBITDA of C$1.28 billion and
C$510 million, respectively.

Favorable market conditions along with the company's solid
execution have, in S&P's opinion, supported the Canadian
operations' strength in recent years, as evidenced by growth in
new service subscriptions and the retention of analog cable TV
customers.  As an incumbent cable operator, Cogeco retains what
S&P views as a solid market position within its addressable
footprint of about 1.6 million homes in Ontario and Quebec, with a
relatively stable 55% penetration of basic cable TV subscribers at
Aug. 31.  The company also has a solid share of the high-margin
and faster-growing HSI customers that total 559,418, which equates
to about 64% penetration of basic cable and about 35% penetration
of households.

The stable outlook reflects Standard & Poor's expectation that in
the next two years, the strength of the company's Canadian
operations will offset potential weakness at the Portuguese
operations.  As such, S&P expects Cogeco to be able to maintain
healthy credit metrics with adjusted debt to EBITDA remaining at
the 2x level, barring additional debt-financed acquisitions.
Upside for the ratings is currently constrained by the company's
stated desire to seek additional cable acquisitions which, in
S&P's opinion, could increase debt leverage and potentially result
in greater earnings volatility at the company.  S&P could consider
a downgrade should adjusted debt leverage increase to more than
3.5x for a prolonged period, likely owing to a large debt-financed
acquisition and subsequent difficulties in de-leveraging owing to
operational challenges.


CONGRESS SAND: DIP Financing, Cash Collateral Use Get Interim OK
----------------------------------------------------------------
Congress Sand & Gravel, LLC, et al., sought and obtained interim
authorization from the Hon. Stacey G. Jernigan of the U.S.
Bankruptcy Court for the Northern District of Texas to obtain
postpetition secured financing from Presidential Financial
Corporation and use cash collateral.

The DIP Lender has committed to provide up to $1.75 million.  The
Debtors and the DIP Lender have contemplated raising the maximum
loan amount to $1.90 million by agreement, but in the DIP Lender's
sole discretion.  A copy of the DIP financing is available for
free at:

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

Douglas S. Draper, Esq., at Heller, Draper, Hayden, Patrick &
Horn, L.L.C., explained that the Debtors need the money to fund
their chapter 11 cases, pay suppliers and other parties.

The Debtors will grant, super-priority administrative, first
priority and junior priority liens to the DIP Lender.

The DIP facility will terminate on the (a) 12-month anniversary of
the effective date; (b) 30 days after the commencement of the
Chapter 11 case, if at the time there is no Final Order, (c) the
confirmation and substantial consummation of a plan of
reorganization.

The DIP Lender will receive a $25,000 DIP facility fee.  The
Debtors will also pay the DIP Lender:

     (a) a service charge of (a) 1% based on the average daily A/R
        loan balance and (b) .7% on the average daily inventory
        loan balance when the average inventory loan balance is
        equal to or greater than $250,000, or .6% when the average
        inventory loan balance is less than $250,000, payable on
        the 15th and last day of each month so long as any of the
        Obligations are outstanding;

    (b) a charge of $30 for each outgoing wire sent to, or on
        behalf, of any of the borrower, and a charge of $15 for
        each incoming domestic wire received, or $30 for each
        foreign wire received for the benefit of any borrower;

    (c) a charge of $10 for each outgoing ACH transaction and a
        charge of $10 for each incoming ACH transaction;

    (d) a fee of $750 per person per day plus out of pocket
        expenses for each field examination conducted by or on
        behalf of Lender; provided however, field examinations
        will be limited to four per year assuming no Event of
        Default has occurred and is continuing;

    (e) a fee of $1 per letter, plus the cost of mailing;

    (f) a fee of $10 per day for each report not received by
        The Lender as required under this Agreement, the
        Procedures Letter or any other loan document;

    (g) a fee of $25 for each change of any borrower's bank of
        record for wires and ACHs;

    (h) for each such occurrence, the borrowers will pay to the
        Lender an amount equal to 15% of any payment on account of
        any invoice where said payment has been received by a
        borrower and not delivered in kind or the proceeds paid by
        the borrower to Lender within two business days of receipt
        of the payment by the borrower; and

    (i) the borrowers will pay to Lender $25,000 in connection
        with the execution of this Agreement.  The fee will be
        payable in four equal monthly instalments beginning on the
        date of entry of the interim court order.

These  conditions subsequent must be performed, time being of the
essence: (i) JK Air Investment Group, LLC, and Chiron, both
affiliates of the Debtors, will fund the Last-Out Participation
(ii) the Debtors will deliver to Presidential within 15 days of
the Closing Date, consents from the lessors and fully executed
leasehold mortgages granting Lender a first priority lien against
Borrowers' leasehold interest in (aa) that certain Commercial
Lease Agreement, effective as of September 18, 2007, by and
between the City of Garland, Texas, a Texas municipal corporation,
as lessor, and Garland GAI, Inc., a Texas corporation, as lessee;
and (bb) that certain Lease Agreement, effective September 1,
2001, by and between J & W Sand & Gravel, Inc., a Texas
corporation, as lessor, and Recycled Aggregates, Inc., a Texas
corporation, as lessee, in form and substance satisfactory to
Lender in its sole discretion; and (iii) all reports and
certificates provided by Debtors related to the DIP Loan Agreement
will be certified by Jay Krasoff or other authorized signer
approved by the Lender.

A copy of the budget is available for free at:

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

The Court has set a final hearing for November 23, 2010, at
3:00 p.m. (prevailing Central time), on the Debtors' request to
obtain DIP financing and use cash collateral.

                     About Congress Materials

Bridgeport, Texas-based Congress Materials, LLC -- dba Green
Aggregates and Union Materials, LP -- filed for Chapter 11
bankruptcy protection on October 28, 2010 (Bankr. N.D. Tex. Case
No. 10-37526).  It estimated its assets and debts at $10 million
to $50 million.

Affiliate Green Aggregates, Inc. (Bankr. N.D. Tex. Case No. 07-
53439) filed a separate Chapter 11 petition on December 31, 2007.

Congress Materials' bankruptcy case is jointly administered with
Congress Sand & Gravel, LLC.  Congress Sand is the lead case.

Kerens, Texas-based Congress Sand filed for Chapter 11 bankruptcy
protection on October 28, 2010 (Bankr. N.D. Tex. Case No. 10-
37522).  It estimated its assets and debts at $1 million to
$10 million.

Douglas S. Draper, Esq., at Heller Draper Hayden Patrick & Horn,
LLC, assists Congress Sand and Congress Materials in their
restructuring efforts.


CONGRESS SAND: Section 341(a) Meeting Scheduled for Nov. 30
-----------------------------------------------------------
The U.S. Trustee for Region 6 will convene a meeting of the
creditors of Congress Sand & Gravel, LLC, and Congress Materials,
LLC, on November 30, 2010, at 2:00 p.m.  The meeting will be held
at the Office of the U.S. Trustee, 1100 Commerce Street, Room 976,
Dallas, TX 75242.

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.

                     About Congress Materials

Bridgeport, Texas-based Congress Materials, LLC -- dba Green
Aggregates and Union Materials, LP -- filed for Chapter 11
bankruptcy protection on October 28, 2010 (Bankr. N.D. Tex. Case
No. 10-37526).  It estimated its assets and debts at $10 million
to $50 million.

Affiliate Green Aggregates, Inc. (Bankr. N.D. Tex. Case No. 07-
53439) filed a separate Chapter 11 petition on December 31, 2007.

Congress Materials' bankruptcy case is jointly administered with
Congress Sand & Gravel, LLC.  Congress Sand is the lead case.

Kerens, Texas-based Congress Sand filed for Chapter 11 bankruptcy
protection on October 28, 2010 (Bankr. N.D. Tex. Case No. 10-
37522).  It estimated its assets and debts at $1 million to
$10 million.

Douglas S. Draper, Esq., at Heller Draper Hayden Patrick & Horn,
LLC, assists Congress Sand and Congress Materials in their
restructuring efforts.


CONGRESS SAND: Taps Heller Draper as Bankruptcy Counsel
-------------------------------------------------------
Congress Sand & Gravel, LLC, et al., ask for authorization from
the U.S. Bankruptcy Court for the Northern District of Texas to
employ Heller, Draper, Hayden, Patrick & Horn, LLC, as bankruptcy
counsel, nunc pro tunc as of the Petition Date.

Heller Draper will, among other things:

     a. prepare and pursue confirmation of a plan of
        reorganization and approval of a disclosure statement;

     b. prepare applications, motions, answers, proposed orders,
        other pleadings, notices, schedules and other documents,
        and review all financial and other reports to be filed;

     c. advise the Debtors concerning and prepare responses to
        applications, motions, pleadings, notices and other
        documents which may be filed by other parties herein; and

     d. appear in Court to protect the interests of the Debtors.

Heller Draper will be paid based on these rates:

        Douglas S. Draper                   $350-425
        Other Senior Partners               $350-425
        Associates                            $300
        Paralegals                            $100

Douglas S. Draper, Esq., a member at Heller Draper, assures the
Court that the firm is a "disinterested person" as that term
defined in Section 101(14) of the Bankruptcy Code.

Bridgeport, Texas-based Congress Materials, LLC -- dba Green
Aggregates and Union Materials, LP -- filed for Chapter 11
bankruptcy protection on October 28, 2010 (Bankr. N.D. Tex. Case
No. 10-37526).  It estimated its assets and debts at $10 million
to $50 million.

Affiliate Green Aggregates, Inc. (Bankr. N.D. Tex. Case No. 07-
53439) filed a separate Chapter 11 petition on December 31, 2007.

Congress Materials' bankruptcy case is jointly administered with
Congress Sand & Gravel, LLC.  Congress Sand is the lead case.

Kerens, Texas-based Congress Sand filed for Chapter 11 bankruptcy
protection on October 28, 2010 (Bankr. N.D. Tex. Case No. 10-
37522).  It estimated its assets and debts at $1 million to
$10 million.


CW MINING: 10th Circ. Affirms Contempt Order on 2 Creditors
-----------------------------------------------------------
An appeals court has shot down a bid by two C.W. Mining Co.
creditors to overturn a contempt order, issued over their
intentional violation of an automatic stay in the mining company's
involuntary bankruptcy case, Bankruptcy Law360 reports.

The U.S. Court of Appeals for the Tenth Circuit in a decision
issued Monday was unswayed by arguments from Standard Industries
Inc. and C.O.P. Coal Development Co., according to Law360.

Based in Salt Lake City, Utah, C.W. Mining Co. dba Co-Op Mining
Company operates the Bear Canyon Mine in Emery County, Utah, under
the terms of a lease with C.O.P. Coal Development Company, which
owns the mine.  Three of C.W. Mining Co.'s creditors filed an
involuntary Chapter 11 petition (Bankr. D. Utah Case No. 08-20105)
on Jan. 8, 2008.  As reported in the Troubled Company Reporter on
Nov. 20, 2008, the Chapter 11 case was converted to a Chapter 7
liquidation proceeding.  Kenneth A. Rushton serves as the
Chapter 7 Trustee, and is represented by Brent D. Wride, Esq., at
Ray Quinney & Nebeker, in Salt Lake City.


DELVAG: To Get US Recognition of U.K. Scheme of Arrangement
-----------------------------------------------------------
Bankruptcy Law360 reports that Judge Stuart M. Bernstein of the
U.S. Bankruptcy Court for the Southern District of New York said
he will grant recognition to reorganization proceedings for the
now-dissolved, U.K.-based Camomile Underwriting Agencies Ltd.
(CUAL) pool, including those involving two affiliates of German
financial services giant Allianz Group.  Judge Bernstein held a
hearing on November 9.

In September 2010, David McGuigan, as foreign representative
filed, on behalf of Allianz Global Corporate & Specialty (France),
Allianz Iard, Delvag Luftfahrtversicherungs-AG, and Nurnberger
Allgemeine versicherungs-AG, petitions pursuant to Chapter 15 of
the U.S. Bankruptcy Code, with the United States Bankruptcy Court
for the Southern District of New York (Lead Case No. 10-10-14990).

Allianz Global, et al., are subject to jointly administered
adjustment of debt proceedings and bound by those certain schemes
of arrangement pursuant to Part 26 of the Companies Act 2006
sanctioned by the High Court of Justice of England and Wales on
July 9, 2010.

The Companies wrote both direct and reinsurance business in the
London insurance market, through CUAL, in a pooling arrangement
from 1978 to 1995.  Allianz Global and Allianz IARD maintain their
registered offices in France.  Delvag and Nurnberger maintain
their registered offices in Germany.

Following creditors' meetings held in London on June 10, 2010, at
which creditors unanimously voted in favour of the solvent schemes
proposed by each Company, the High Court of Justice of England and
Wales has sanctioned the schemes of arrangement between the
Companies and their creditors.

The aim of the Schemes is to finalise the run-off of the
Companies' involvement in the CUAL business.  The CUAL Business
has been in solvent "run-off" since December 31, 1995, and in the
normal course, it is estimated that it would take at least another
30 to 40 years to run-off the remaining liabilities.  The Schemes
establish a method by which present and future claims of scheme
creditors will be estimated and full and final payments, adjusted
by the application of a time value discount, will be made to
creditors holding such claims considerably sooner than if the run-
off of the Companies continued in the ordinary
course.

The Companies sought Chapter 15 protection so that their Schemes
will be given full force and effect in the United States.  The
Companies have creditors and assets located in the U.S.  The
Chapter 15 petitioner said that if creditors in the United States
are permitted to seek their own remedies, assets of the Companies
could be depleted unnecessarily to defend actions brought in the
United States in contravention of the intent of the Schemes and
the sanction orders granted by the English Court.

The Scheme Manager can be contacted at:

     David McGuigan
     CUAL Scheme Manager
     PO Box 683, Redhill, RH1 9BY
     United Kingdom
     Fax: +44 (0)207 626 7937
     E-mail: dmcguigan@limbo.eu

The Chapter 15 petitioner's counsel can be contacted at:

     Lee S. Attanasio, Esq.
     Alex R. Rovira, Esq.
     Debra W. Minoff, Esq.
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, NY 10019
     Tel: (212) 839-5300


DYNEGY INC: ISS Supports Merger Into Blackstone Affiliate
---------------------------------------------------------
Dynegy Inc. announced that Institutional Shareholder Services
recommended that Dynegy stockholders vote for the proposal to
adopt the merger agreement with an affiliate of The Blackstone
Group L.P. at Dynegy's November 17, 2010 Special Meeting of
Stockholders.

Under the terms of the merger agreement, Dynegy stockholders will
receive $4.50 in cash for each outstanding share of Dynegy common
stock they own in a transaction valued at $4.7 billion, including
the assumption of existing debt.

"We are pleased that ISS supports the Dynegy Board's view that the
merger provides fair value to all Dynegy stockholders," said Bruce
A. Williamson, Chairman, President and Chief Executive Officer of
Dynegy Inc.  "ISS analyzed the situation correctly and also points
out that the near-term risk in natural gas pricing, which our
Board was very concerned about, has in effect come to pass and,
therefore, this transaction represents substantial and certain
value over where the stock would likely be trading.  ISS further
recognizes that Dynegy continues to face challenges, many of which
are beyond its control, including low and declining commodity
prices and continued economic weakness."

Williamson concluded, "Over the past two years, Dynegy's Board
conducted a thorough review of strategic alternatives to maximize
value for stockholders; the Board believes that the Blackstone
transaction is the best alternative available.  Dynegy urges
stockholders to follow the recommendation of ISS and to vote for
the adoption of the merger agreement in order to capture this
premium and certainty of value."

ISS is the leading independent proxy voting and corporate
governance advisory firm.  The recommendations of ISS are relied
upon by hundreds of major institutional investment firms, mutual
funds and other fiduciaries throughout the country.

Dynegy's Special Meeting of Stockholders will be convened as
scheduled at 10 a.m. CT/11 a.m. ET on Wednesday, November 17,
2010, at the company's corporate headquarters, 1000 Louisiana St.,
Houston, Texas 77002.  Dynegy stockholders of record at the close
of business on Friday, October 1, 2010, will be entitled to
receive notice of the special meeting and to vote at the special
meeting.

The Dynegy Board of Directors recommends stockholders vote FOR the
proposal to adopt the merger agreement today - by telephone, by
Internet or by signing, dating and returning the Company's WHITE
proxy card.  A failure to vote will have the same effect as a vote
AGAINST the proposal to adopt the merger agreement.

A full-text copy of the Open Letter To Stockholders is available
for free at http://ResearchArchives.com/t/s?6e01

                   Supplemental Disclosure

Dynegy Inc. said it will be mailing to its stockholders certain
supplemental disclosures to the Definitive Proxy Statement on
Schedule 14A filed with the Securities and Exchange Commission by
the Company on October 4, 2010, pursuant to a memorandum of
understanding relating to the settlement of certain stockholder
lawsuits filed in Texas state court and the Delaware Court of
Chancery.

A full-text copy of the Supplemental Disclosure is available for
free at http://ResearchArchives.com/t/s?6e02

                        About Dynegy Inc.

Through its subsidiaries, Houston, Texas-based Dynegy Inc.
(NYSE:DYN) -- http://www.dynegy.com/-- produces and sells
electric energy, capacity and ancillary services in key U.S.
markets.  The power generation portfolio consists of approximately
12,200 megawatts of baseload, intermediate and peaking power
plants fueled by a mix of natural gas, coal and fuel oil.

Dynegy Inc. and Dynegy Holdings each has a 'B-' issuer default
rating from Fitch.

In October 2010, Moody's Investors Service lowered the ratings of
Dynegy Holdings, including its Corporate Family Rating, to Caa1
from B3 along with the ratings of various affiliates or parent
company Dynegy Inc.  The rating outlook for DHI and Dynegy remains
negative.  The rating action follows the expiration of the 40-day
"go shop" period, increasing the probability that Dynegy will be
acquired by an affiliate of The Blackstone Group L.P. in a
transaction valued at approximately $4.7 billion, including the
assumption of existing debt.  Moody's said Dynegy's financial
profile is expected to be quite fragile, particularly during 2011
and 2012, when the company is projected to generate both negative
operating cash flow and negative free cash flow due to weak
operating margins and the required funding of their capital
investment programs.  To the extent that the transactions with
Blackstone and NRG are not completed, Moody's said downward rating
pressure at DHI and Dynegy will continue to exist given the weak
financial prospects for the company over the next few years
coupled with the liquidity concerns.


EMPIRE RESORTS: Gets $35-Mil. Financing from Kien Huat Realty
-------------------------------------------------------------
Empire Resorts Inc., has received a financing commitment from Kien
Huat Realty III Limited, the company's largest stockholder, to
provide a short-term bridge loan to the company in the aggregate
principal amount of $35 million.   If consummated, the proceeds of
the Bridge Loan, together with available funds, will be used to
repay in full the company's obligations under its 5% convertible
senior notes due 2014.  Any proceeds not necessary for repayment
of the Notes will be used for working capital and related fees and
expenses.  The repayment of the Notes from the proceeds of the
Bridge Loan would be made in accordance with the terms of that
certain settlement agreement entered into by the company on
September 23, 2010 among the trustee under the indenture governing
the Notes and the beneficial owners of the Notes party thereto.

Following the extension of the Bridge Loan and the repayment of
the Notes, the company intends to conduct a rights offering upon
terms to be determined by the board of directors of the company.
In the rights offering, if conducted, the company would distribute
to all holders of the company's common stock a non-transferrable
right to purchase additional shares of the company's common stock
at a price of $0.8837 per share, which is equivalent to the
conversion price of the restated notes that would be issued
pursuant to the settlement agreement if the Notes are not
repurchased.  Kien Huat has also committed to exercise all of its
basic rights to purchase additional shares allocated to Kien Huat
with respect to its current ownership of the company's common
stock.  If, upon the completion of the rights offering, the
proceeds of the rights offering are insufficient to repay in full
all amounts outstanding on the Bridge Loan, Kien Huat has agreed
to convert the full amount remaining unpaid into a convertible
term loan with a term of two years at an interest rate of 5% per
annum convertible into the company's common stock at a price equal
to the $0.8837 per share exercise price of the rights issued in
the rights offering.

                      About Empire Resorts

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

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

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


ERIE COUNTY PLASTICS: Preference Suit v. Dow Goes to Trial
----------------------------------------------------------
The Official Committee of Unsecured Creditors in the bankruptcy
case of Erie County Plastics Corp., sued The Dow Chemical Company
on July 29, 2009, to avoid and recover preferential or fraudulent
transfers pursuant to 11 U.S.C. Sections 547, 548, 549, and 550.
The Committee seeks summary judgment as to $420,000 in payments
made by the Debtor to Dow during the preference period plus
interest from the date of each transfer.  The payments were paid
pursuant to a payment plan designed to enable the Debtor to
continue to make purchases from Dow on a "cash in advance" or
"cash on delivery" basis while at the same time make weekly
payments on the past-due, unpaid invoices.  Dow was one of the
Debtor's major suppliers.

The Hon. Thomas P. Agresti, however, rejects the Summary Judgment
Motion, citing the existence of a genuine dispute as to a material
fact.  The judge says Dow must be afforded an opportunity to
present its evidence.  "Although it appears that Dow may have
difficulty at trial defeating the preference claim with differing
standards of proof at play, for purposes of summary judgment,
only, the Motion must be denied," Judge Agresti rules.

A copy of Judge Agresti's memorandum opinion and order dated
November 8, 2010, is available at http://is.gd/gTOtFfrom
Leagle.com.

                    About Erie County Plastics

Headquartered in Corry, Pennsylvania, Erie County Plastics Corp.
-- http://www.erieplastics.com/-- made custom injection molders
of plastics packaging and components including lids, closures and
vials.  The company filed for Chapter 11 relief (Bankr. W.D. Pa.
Case No. 08-11860) on Sept. 29, 2008.  Lawrence C. Bolla, Esq.,
at Quinn Buseck Leemhuis Toohey & Kroto Inc. represented the
Debtor as counsel.  When the company filed for protection from
its creditors, it listed assets and debts of $10 million to
$50 million, and debts of $10 million to $50 million.

As reported by the Troubled Company Reporter on November 24, 2008,
Berry Plastics Corporation completed the acquisition of certain
assets of Erie County Plastics.  Total consideration was roughly
$6.5 million which included roughly $1.0 million of cash on hand
at Erie Plastics and roughly $1.8 million of accounts receivable
that were retained by the senior secured lenders.  The remaining
$3.7 million was paid by Berry Plastics from available cash on
hand.

By Order dated July 28, 2009, the Debtor's Chapter 11 Plan of
Orderly Liquidation was confirmed.  The Plan vested the right to
pursue preference litigation with the Creditors' Committee.


FERRELLGAS LP: S&P Assigns 'B+' Rating to Senior Unsec. Debt
------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B+'
senior unsecured debt rating to operating company Ferrellgas L.P.
and Ferrellgas Finance Corp.'s $470 million senior unsecured notes
due 2021.  At the same time, S&P assigned a recovery rating of
'4', indicating S&P's expectation that creditors can expect
average (30% to 50%) recovery in the event of a payment default.
Ferrellgas plans to use the proceeds to refinance the existing
senior notes due 2014.  As of July 31, 2010, Ferrellgas Partners
L.P. had $1.18 billion of balance-sheet debt.

Ferrellgas' corporate credit rating is 'B+' and the outlook is
stable.

                           Ratings List

                            New Rating

                          Ferrellgas L.P.

   $470 Senior Unsecured Notes Due 2021                     B+
    Recovery Rating                                         4


FIFTH THIRD: S&P Assigns Corporate Credit Rating at 'B+'
--------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
corporate credit rating to Cincinnati-based Fifth Third Processing
Solutions, LLC.  The outlook is stable.

At the same time, S&P assigned a 'BB-' rating to the company's
$150 million senior secured revolving credit facility and
$1.575 billion first-lien term loan with a recovery rating of '2',
indicating S&P's expectation for substantial (70%-90%) recovery in
the event of a payment default.  In addition, S&P assigned a 'B-'
rating to the proposed $275 million second-lien term loan with a
recovery rating of '6', indicating S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.
The company is using the proceeds in part to finance the
acquisition of National Processing Co. Group Inc. (NPC; B/Stable/-
-) and to refinance its existing debt.

"The rating reflects FTPS' leveraged financial profile and S&P's
view that the company's ownership structure is likely to preclude
sustained deleveraging, despite a solid U.S. market position and
consistent operating performance," said Standard & Poor's credit
analyst Alfred Bonfantini.


FINANCIAL MORTGAGE: Court Directs SBK to Release Escrowed Funds
---------------------------------------------------------------
The Hon. Thomas J. Catliota rules that $593,949.80 of escrowed
funds are property of the bankruptcy estate of Financial Mortgage,
Inc., and will be released by SBK Settlements Corp. to H. Jason
Gold, as Trustee for the chapter 11 bankruptcy estate of Financial
Mortgage.  The judge says $3,225.26 of the Escrowed Funds will be
paid to SBK's counsel to cover costs and the reasonable attorneys
fees incurred by SBK through September 30, 2010.

SBK is holding in escrow $636,000. SBK commenced the Interpleader
action, SBK SETTLEMENTS CORPORATION, v. EMC MORTGAGE CORPORATION,
et al., (Bankr. D. Md. Adv. Pro. No. 10-592), pursuant to Maryland
Rule Civ. P. 2-221, seeking a judicial determination as to which
defendant may be entitled to certain funds SBK received in July
2006.  A copy of the First Stipulation and Consent Order Releasing
Funds Held By Plaintiff signed by the Court is available at
http://is.gd/gV4dYfrom Leagle.com.

The bankruptcy case is In re: Financial Mortgage, Inc., Bankr. D.
Md. Case No. 08-13287.


FINANCIAL MORTGAGE: Trustee to Get 67% of Remaining Escrowed Funds
------------------------------------------------------------------
The Hon. Thomas J. Catliota rules that $38,824.94 in escrowed
funds will be split between H. Jason Gold, as Trustee for the
chapter 11 bankruptcy estate of Financial Mortgage, Inc., and EMC
Mortgage Corporation.  The Trustee will receive 67% and EMC will
receive 33%.  The judge directs SBK Settlements Corporation to
release the funds.

SBK commenced the Interpleader action, SBK SETTLEMENTS
CORPORATION, v. EMC MORTGAGE CORPORATION, et al., (Bankr. D. Md.
Adv. Pro. No. 10-592), pursuant to Maryland Rule Civ. P. 2-221,
seeking a judicial determination as to which defendant may be
entitled to certain funds SBK received in July 2006.  A copy of
the Second Stipulation and Consent Order Releasing Funds Held By
Plaintiff signed by the Court is available at http://is.gd/gT8wl
from Leagle.com.

The bankruptcy case is In re: Financial Mortgage, Inc., Bankr. D.
Md. Case No. 08-13287.


FORD MOTOR: Reports $1.7-Bil. Net Income in Third Quarter
---------------------------------------------------------
Ford Motor Company reported third quarter net income of
$1.7 billion a $690 million improvement from third quarter 2009,
as strong products, momentum in North America and continued
success at Ford Credit fueled growth amid still-challenging
business conditions.

Ford's third quarter revenue was $29 billion, a decline of $1.3
billion from the same period a year ago. Excluding Volvo revenue
from 2009, Ford's revenue in the third quarter was up $1.7 billion
compared with the same period a year ago.

Ford North America posted a third quarter pre-tax operating profit
of $1.6 billion, a $1.3 billion improvement from third quarter
2009. The company is on track to gain full-year market share in
the U.S. for the second straight year, marking the first time
since 1993 that Ford has achieved consecutive annual increases.

Ford's balance sheet at Sept. 30, 2010, showed $177.07 billion in
total assets, $178.81 billion in total liabilities, and a
stockholder's deficit of $1.77 billion.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6d1e

                          About Ford Motor

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles
across six continents.  With about 200,000 employees and about 90
plants worldwide, the company's automotive brands include Ford,
Lincoln, Mercury and Volvo.  The Company provides financial
services through Ford Motor Credit Company.

                            *     *     *

In August 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on Ford Motor Co. and FordMotor Credit Co.
LLC to 'B+' from 'B-'.   "The upgrade reflects S&P's reassessment
of Ford's business risk profile to weak from vulnerable, and its
financial risk profile to aggressive from highly leveraged," said
Standard & Poor's credit analyst Robert Schulz.  S&P believes Ford
is making progress in stabilizing, and perhaps improving, its U.S.
market shares  Still, S&P believes underlying business risks
remain high.

Ford Motor and its unit, Ford Motor Credit, carry 'BB-' issuer
default ratings from Fitch Ratings.  In August 2010, when Fitch
raised the rating from 'B', it said, Ford's ratings reflect its
continued strong financial performance and the substantial debt
reduction accomplished in the second quarter."

Ford Motor has a 'B1' corporate family rating from Moody's.

Moody's has placed on review for possible upgrade eleven tranches
from five auto floorplan securitizations sponsored by Ford Motor
Credit Company during 2006 and 2010.  In addition, Moody's has
also placed on review for possible upgrade Class B notes issued by
Morgan Stanley Resecuritzation Trust 2010-F backed by Ford Credit
Floorplan Master Owner Trust 2006-4 notes.

Moody's Investors Service raised the Corporate Family Rating of
Ford Motor Company to Ba2 from B1.  Other ratings that were raised
include Probability of Default to Ba2 from B1; senior secured
credit facility to Baa3 from Ba1; senior unsecured to Ba3 from B2;
and, preferred stock to B1 from B3.  In a related action, Moody's
also raised the CFR and senior unsecured ratings of Ford Motor
Credit Company LLC, FCE Bank Plc, and Ford Credit Canada Limited
to Ba2 from Ba3.  The rating outlook for Ford and Ford Credit is
stable.


FRONTIER OIL: S&P Assigns 'BB' Rating to $150 Mil. Senior Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' issue-
level rating to Frontier Oil Corp.'s (BB/Stable/--) proposed
$150 million senior unsecured notes due 2018 based on preliminary
terms and conditions.  The recovery rating on this debt is '3',
indicating S&P's expectation of meaningful (50% to 70%) recovery
in the event of a payment default.  Although numerically S&P's
analysis indicates the potential for full recovery S&P generally
caps the recovery rating at '3' for unsecured debt of issuers with
a corporate credit rating in the 'BB' category.

S&P expects the company to use proceeds to fund the tender offer
for the existing $150 million senior notes due 2011 that the
company announced on Nov. 5, 2010, and which expires on Dec. 6,
2010.  S&P plans to withdraw the ratings on the existing notes
when they have been redeemed.

The ratings on Houston-based Frontier Oil Corp. reflect currently
poor industry conditions and the challenges the company faces as a
small, independent oil refiner with limited cash flow
diversification from only two refineries.  The company operates in
a competitive, erratically profitable industry, compounded by high
fixed-cost requirements for refinery equipment and regulatory
compliance.  Standard & Poor's Ratings Services' ratings also
reflect Frontier's adequate liquidity position and conservative
financial

                           Ratings List

                        Frontier Oil Corp.

       Corporate Credit Rating               BB/Stable/--

                         Ratings Assigned

                        Frontier Oil Corp.

             $150 Mil. Sr. Unsec. Notes Due 2018   BB
                Recovery Rating                    3


FX LUXURY: Set to Emerge from Chapter 11
----------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that U.S. Bankruptcy Judge Bruce A. Markell in Las Vegas
said he would sign an order confirming a Chapter 11 plan for FX
Luxury Las Vegas I LLC.

Mr. Rochelle relates that the Plan resulted from a compromise
between first- and second-lien lenders.  The compromise was
reached after the judge granted a request by second-lien creditors
and took away the current owners' exclusive right to propose a
plan.  With the settlement, the Debtor abandoned the plan that
would have given ownership to the senior lenders absent a cash bid
of $256 million.

The latest iteration of the Plan gives a new first-lien note for
$188 million to the first-lien lenders in return for their
$271 million in claims.  They also will receive a junior note for
$71 million plus $7.5 million in accrued interest.  Both notes
will mature in six years with options for three one-year
extensions.  Ownership goes to second-lien lenders owed
$233 million.  They receive the new equity along with junior
lenders providing $7.5 million in equity.

There were no votes against the plan.  The judge gave permission
for the plan to become effective immediately, according to
Mr. Rochelle.

                           About FX Luxury

New York-based FX Luxury Las Vegas I, LLC, fka Metroflag BP, LLC,
owns approximately 17.72 contiguous acres of real property located
at the southeast corner of Las Vegas Boulevard and Harmon Avenue
in Las Vegas, Nevada, which secures mortgage loans in the
aggregate principal amount of $454 million as of April 21, 2010.
FX Luxury is the remaining Las Vegas subsidiary of FX Real Estate
and Entertainment Inc.

The Company filed for Chapter 11 bankruptcy protection on
April 21, 2010 (Bankr. D. Nev. Case No. 10-17015).  Deanna L.
Forbush, Esq., at Fox Rothschild, LLP, serves as bankruptcy
counsel to the Debtor.  Greenberg Traurig, LLP, is the Company's
special counsel.  Sierra Consulting Group, LLC, is the Company's
financial advisor.

The Company disclosed $139,636,791 in assets and $492,568,036 in
debts at the time of the filing.


GENERAL GROWTH: Summerlin Settles Vratsinas Mechanics Lien Claim
----------------------------------------------------------------
Debtor Summerlin Centre LL and Vratsinas Construction Company
entered into a Bankruptcy Court-approved stipulation resolving
Vratsinas' mechanic's lien claim against Summerlin.

Pursuant to a previous Court-approved stipulation, the Debtor has
paid Vratsinas a total of $13.5 million in monthly adequate
protection payments, thus reducing the stipulated principal amount
of Vratsinas's lien of $28,285,796, to $13,480,907.  Vratsinas
filed its notice of applicable rate of interest pursuant to the
Third Amended Joint Plan of Reorganization.

By this stipulation, the parties have agreed to settle the amount
of interest and attorneys' fees due in connection with the VCC
Lien for $5,300,000.

Specifically, the Settlement provides for these terms:

  (1) The Debtors agree to pay to the escrow agent on behalf of
      Vratsinas $18,780,907, which is comprised of $13,480,907 -
      - the Stipulated Claim Amount, and $5,300,000 -- the
      Stipulated Interest and Attorneys' Fees.

  (2) Upon receipt by Vratsinas of the Settlement Amount,
      Vratsinas will satisfy any liens or claims arising from
      failure to pay all subcontractors, suppliers and
      materialmen with which Vratsinas contracted directly or
      were contracted through Vratsinas' subcontractors,
      suppliers or materialmen for work performed on the
      Summerlin Centre Project pursuant to a Construction
      Management Agreement between Summerlin and Vratsinas.

  (3) Prior to payment of the Settlement Amount, Vratsinas will
      deliver to the Escrow Agent, to be held in trust, fully
      executed, original, recordable, unconditional final lien
      releases for the VCC Lien to the extent of the amount
      remaining on the VCC Lien.  Vratsinas will also deliver to
      the Escrow Agent, to be held in trust, fully executed,
      original, recordable final lien releases or final waivers
      of subcontractor lien.

  (3) Vratsinas further agrees that it has a continuing
      obligation to satisfy all liens or claims of any kind
      arising from its Work on the Summerlin Centre Project
      through the effective date of this stipulation, against
      the Settlement Amount.

  (4) The Debtor and Vratsinas will also deposit with the Escrow
      Agent executed dismissals of Vratsinas, the VCC
      Subcontractors and the Debtor, in these actions:

      -- Precision Concrete v. Vratsinas Construction Company,
         et al., Case No. A578891 (District Court Clark County,
         Nevada), filed February 24, 2009; and

      -- Uintah Investments, LLC d/b/a Sierra Reinforcing v.
         J.D. Construction, Inc., et al., Case No. A583287
         (District Court, Clark County, Nevada), filed March 2,
         2009

  (5) Vratsinas agrees to waive any and all claims it has at the
      time of execution of the Parties' Stipulation or may have
      in the future to attorneys' fees, interest and penalties
      associated with the VCC-Summerlin Claim or the VCC Lien.

  (6) Claim No. 2229 will be deemed satisfied and will be
      expunged from the Debtors' claims register.  In addition,
      the Scheduled Claim and any other claims scheduled in
      connection with the VCC-Summerlin Claim will be deemed
      satisfied and expunged.  Vratsinas will also withdraw any
      remaining proofs of claim filed by the VCC Subcontractors
      and assigned to Vratsinas.

  (7) The Parties release or forever discharge each other from
      any and all claims, arising directly or indirectly out of
      any events, which the parties may or might have relating
      to the Contract, the Work, the Summerlin Centre Project,
      the Dispute, or the termination of the Agreement.

  (8) Vratsinas agrees to indemnify, defend and hold harmless
      Summerlin and its officers, from and against, any and all
      claims, asserted against Summerlin.

                      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.

General Growth Properties on November 9, 2010, successfully
completed the final steps of its financial restructuring and
emerged from Chapter 11.  GGP successfully restructured
approximately $15 billion of project-level debt Recapitalized with
$6.8 billion in new equity capital Paid all creditor claims in
full achieved substantial recovery for equity holders.

As part of its plan of reorganization, GGP has split itself into
two separate and independent publicly traded corporations. GGP
shareholders as of the record date of November 1, 2010 received
common stock in both companies.  The new GGP, which will commence
trading November 10 on The New York Stock Exchange under the
ticker symbol "GGP," is the second-largest shopping mall owner and
operator in the country, with more than 183 regional malls in 43
states.  The spin-off company, The Howard Hughes Corporation,
consists of GGP's portfolio of master planned communities and
other strategic real estate development opportunities.  This
company will trade under the ticker symbol "HHC" on The New York
Stock Exchange.

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


GENERAL GROWTH: Sandeep Mathrani to Take Over as CEO in 2011
------------------------------------------------------------
General Growth Properties, Inc. appointed Sandeep Mathrani as the
company's chief executive officer in a public statement dated
October 28, 2010.

Mr. Mathrani, 48, was previously president, Retail Division at
Vornado Realty Trust, the general partner of Vornado Realty LP, a
position he held since March 2002.  Prior to joining Vornado, he
served as an executive vice president of Forest City Ratner, an
affiliate of Forest City Enterprises, from 1994 to February 2002
and was responsible for its retail development and related leasing
in the New York City metropolitan area.

GGP chairman-elect Bruce Flatt said Mr. Mathrani is the ideal
candidate to lead GGP as it enters a new era.  "Sandeep is an
exceptionally talented individual who has a proven track record as
one of the best retail executives in America.  Sandeep helped
build two of the highest quality retail portfolios over the past
15 years and has been responsible for retail at both Vornado and
Forest City.  His knowledge and expertise of the shopping center
industry will undoubtedly help GGP retain its reputation as a
premier shopping center REIT," said Mr. Flatt.

Sandeep Mathrani will officially assume the CEO position at the
beginning of 2011.  He will succeed Adam Metz, who served as CEO
during GGP's bankruptcy process.

Mr. Mathrani stated, "This is an exciting time to join GGP as we
re-energize the organization to be the best-in-class retail
company in the United States."

Bruce Flatt further commented, "We would like to extend our
sincere gratitude to the former board of directors of GGP, in
particular Adam Metz and Tom Nolan, for their hard work and
dedication in seeing GGP through bankruptcy and positioning the
company to successfully move forward."

                  Mr. Mathrani's Employment Terms

New GGP, Inc., a wholly-owned subsidiary of GGP, entered into an
employment agreement with Mr. Mathrani, pursuant to which he has
agreed to serve, commencing on January 17, 2011, as Chief
Executive Officer of New GGP and of GGP Limited Partnership,
according to GGP's disclosure with the SEC on October 29, 2010.

GGP LP will become a party to the Employment Agreement by joinder
upon GGP's emergence from bankruptcy.  New GGP has agreed to
nominate Mr. Mathrani to New GGP's board of directors for so long
as Mr. Mathrani serves as Chief Executive Officer of New GGP.
Before January 17, 2011, Mr. Mathrani will serve as a consultant
to New GGP and GGPLP.

The Employment Agreement provides for a five-year initial term
commencing on January 17, 2011 that automatically renews for one-
year terms thereafter.

The Employment Agreement further provides for a $1,000,000 signing
bonus, reimbursement of reasonable relocation expenses up to
$350,000, an annual base salary of $1,200,000 and a target annual
bonus of $1,500,000, including a guaranteed minimum annual bonus
of $1,000,000 for 2011 and 2012.

In accordance with the Employment Agreement:

  (i) New GGP will grant to Mr. Mathrani, at GGP's emergence
      from bankruptcy, 1,500,000 shares of New GGP common stock,
      which will vest in three equal installments on each of the
      first three anniversaries of the grant date; and

(ii) pursuant to a Nonqualified Stock Option Award Agreement,
      on October 27, 2010, New GGP granted to Mr. Mathrani
      options to acquire 2,000,000 shares of New GGP's common
      stock, which will vest in four equal installments on each
      of the first four anniversaries of the grant date.

The Options have an exercise price of $10.25 per share.  The
Restricted Stock and Options were awarded pursuant to, and subject
to the terms and conditions of, the General Growth Properties,
Inc. 2010 Equity Incentive Plan.  Under the Equity Plan, the
number of shares of New GGP common stock reserved for issuance
under the Equity Plan is equal to 4% of New GGP's outstanding
shares on a fully diluted basis as of GGP's emergence from
bankruptcy.  Commencing in 2012, Mr. Mathrani will be entitled to
receive, on an annual basis, at his election, either options to
purchase an additional number of shares of New GGP's common stock
equal to five times his previous year's annual base salary divided
by the then current trading price of New GGP common stock, or
shares of restricted stock of equivalent value.

GGP Senior Vice President and Chief Accounting Officer Edmund Hoyt
relates that if New GGP terminates Mr. Mathrani's employment
without "cause" or does not renew the Employment Agreement after
the Initial Term, or if Mr. Mathrani terminates his employment for
"good reason," then Mr. Mathrani is eligible to receive two years
of salary continuation, two times his annual bonus for the
previous year, pro rata annual bonus for the year of termination,
full vesting of the Restricted Stock and Options, vesting of the
portion of the annual equity awards that would otherwise vest
during the two year period following termination and two years of
welfare benefit continuation.

If Mr. Mathrani's employment is terminated due to death or
disability, then Mr. Mathrani is eligible to receive pro rata
annual bonus for the year of termination and full vesting of the
Restricted Stock, the Options and the annual equity awards, Mr.
Hoyt adds.

                      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.

General Growth Properties on November 9, 2010, successfully
completed the final steps of its financial restructuring and
emerged from Chapter 11.  GGP successfully restructured
approximately $15 billion of project-level debt Recapitalized with
$6.8 billion in new equity capital Paid all creditor claims in
full achieved substantial recovery for equity holders.

As part of its plan of reorganization, GGP has split itself into
two separate and independent publicly traded corporations. GGP
shareholders as of the record date of November 1, 2010 received
common stock in both companies.  The new GGP, which will commence
trading November 10 on The New York Stock Exchange under the
ticker symbol "GGP," is the second-largest shopping mall owner and
operator in the country, with more than 183 regional malls in 43
states.  The spin-off company, The Howard Hughes Corporation,
consists of GGP's portfolio of master planned communities and
other strategic real estate development opportunities.  This
company will trade under the ticker symbol "HHC" on The New York
Stock Exchange.

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


GENERAL GROWTH: Incurred $231,185,000 Net Loss in Third Quarter
---------------------------------------------------------------
General Growth Properties, Inc. (NYSE: GGP) announced operating
results for the three months ending September 30, 2010.

For the third quarter of 2010, Retail and Other Segment net
operating income (NOI) was $581.8 million compared to $582.9
million for the third quarter of 2009.  Loss per share was $0.73
in the third quarter of 2010 compared to a loss of $0.38 in the
third quarter of 2009.  Core Funds from Operations (Core FFO) were
losses of $29.3 million in the third quarter of 2010 compared to a
positive $88.9 million in the third quarter of 2009.  Decreases in
the third quarter of 2010 were primarily the result of net
incremental reorganization expense items of approximately $79.9
million and incremental accrued interest expense (related to final
consensual plans of reorganization which were approved on October
21, 2010) of approximately $83.7 million.  During the quarter,
tenant sales at comparable properties increased by 10.2% over the
third quarter of 2009, building on the year-over-year sales growth
momentum in the first and second quarter of 7.5% and 7.8%
respectively.

    A link to the schedule showing adjustments and non-comparable
income and expense items and their impact on 2010 and 2009 NOI
from the Retail and Other Segment is provided at the end of this
release.  Concurrent with this release, the Company has made
available on this website its quarterly package of supplemental
financial information, which provides additional operational
result detail.

"GGP's underlying operating performance continues to improve. We
are particularly pleased with the improving retail sales
performance of our malls," said Adam Metz, chief executive officer
of GGP.  "Comparable tenant sales rose more than 10 percent in the
quarter from the same quarter in 2009, which is evidence that our
operational strategy is working.  During the restructuring, GGP's
employees remained very focused on maintaining high standards at
our properties to ensure that they continue to perform for our
shoppers and retailers.  I am happy to report that we accomplished
that.  We expect these sales results to drive rents on a long-term
basis, which bodes well for the future performance of 'new' GGP
once it emerges from bankruptcy early next month.  As the next
management team takes the helm, I am confident that GGP has a
strong financial and operational foundation for a successful
future."

As previously announced on October 28, 2010, Sandeep Mathrani will
become the chief executive officer of the "new" GGP at the
beginning of 2011.  Mr. Metz will step down as CEO at the end of
the year.

                  Capital Transactions

During the third quarter of 2010, General Growth Properties, on
behalf of certain of its Unconsolidated Joint Ventures, refinanced
three individual secured mortgage loans totaling approximately
$615 million at a weighted average interest rate of approximately
4.66% and at a weighted average term of approximately 10 years.
Total net proceeds, at GGP's share, were approximately $98.2
million and the weighted average loan to value ratio at closing
was approximately 45%.  Also during the quarter, General Growth
Properties restructured a $260.0 million secured mortgage loan on
behalf of another Unconsolidated Joint Venture, at an interest
rate of approximately 6.65%.  Total net proceeds, at GGP's share,
were approximately ($10.4 million) and the maturity date was
extended an additional 5 years.

                    Operational Highlights

GGP continues to strengthen its assets and operational
performance in order to maximize value over the long term. GGP
invests in its properties to enhance their positions in the market
and their appeal to shoppers and tenants and is committed to
fostering long-lasting relationships with its retail partners.
During the third quarter, the company signed 1.8 million square
feet of new and renewal leases.

GGP continues to attract some of the nation's leading retailers
and new concept stores.  In the third quarter, Forever 21 opened
five new stores totaling more than 393,000 square feet, including
three in Texas (Baybrook Mall and The Woodlands in Houston and
North Star Mall in San Antonio).  Luxury fashion designer Michael
Kors opened five new stores at Oakbrook Center, Park Meadows,
Towson Town Center, Staten Island Mall, and Tysons Galleria; and
Australian-based retailer Cotton On signed leases to open seven
new stores at California and Florida-based properties.
The company also opened another new Apple store at Boise Towne
Square in September.

                      Segment Results

                 Retail and Other Segment

Comparable tenant sales on a trailing 12 month basis increased to
$426 per square foot or 3.6% compared to the same period last
year.  On a quarterly basis, comparable tenant sales rose a strong
10.2% year-over-year, with first half momentum growing in the
third quarter.

Retail Center occupancy increased to 91.4% at September 30, 2010,
from 91.3% at September 30, 2009.

NOI in this segment was $581.8 million for the third quarter of
2010 compared to $582.9 million for the third quarter of 2009.
Excluding the items detailed in the attached schedule of
significant items that impact comparability, NOI for the third
quarter of 2010 declined 1.0% year-over-year primarily due to
lower temporary tenant revenue and occupancy and lower NOI at
GGP's Special Consideration Properties (the 13 properties
identified as underperforming assets as part of our bankruptcy
emergence and loan restructuring process).  At those properties,
aggregate NOI decreased approximately $2.0 million in the third
quarter of 2010 compared to the third quarter of 2009.

Revenues from consolidated properties declined $1.9 million, or
approximately 0.3%, for the third quarter of 2010 to
$732.2 million from $734.0 million in the third quarter of 2009.

Revenues from unconsolidated properties at the Company's
ownership share were $144.2 million for the third quarter of 2010,
a decline from $147.6 million in 2009, primarily due to declines
in temporary tenant rents.

              Master Planned Communities Segment

GGP's Master Planned Community segment includes The Woodlands and
Bridgeland, both in the Houston metropolitan area; Summerlin in
Las Vegas; and Columbia and Emerson in Maryland.  This segment
also includes the Nouvelle at Natick condominium project in
Massachusetts.  As a result of the confirmation of GGP's plan of
reorganization on October 21, 2010, the projects in this segment
will be part of the assets included in The Howard Hughes
Corporation ("THHC"), a new company that will be created upon
GGP's emergence from bankruptcy.

During the quarter, GGP sold 24 units at its Nouvelle Natick
condominium project and has executed sales contracts pending for
an additional 7 units.  Such unit sales yielded recognized
revenues of approximately $10.3 million for the third quarter of
2010.

Land sale revenues for the third quarter of 2010 were
$10.0 million for consolidated master planned communities and
$10.8 million (at the Company's ownership share) for The
Woodlands, the company's unconsolidated community, compared to
$7.4 million and $7.8 million, respectively, for the third quarter
of 2009.  Increases in land sale revenues for the consolidated
master planned communities were largely a result of the collection
of participation amounts on previous sales as lot sales to
residential builders continue to reflect continued weak overall
demand for individual lots. The increases in revenues at The
Woodlands are predominantly due to increases in commercial acreage
sold, with 11.3 acres sold in 2010 compared to 0.6 acres sold in
2009.

NOI from the Master Planned Communities segment for the third
quarter of 2010 was $0.5 million for consolidated properties and
$2.7 million for the unconsolidated properties, as margins from
lot or unit sales did not significantly exceed selling and
community/property-specific general and administrative costs,
which are largely fixed.

           Summary of Bankruptcy Emergence Plans

On October 21, 2010, the U.S. Bankruptcy Court for the Southern
District of New York confirmed the Company's plan of
reorganization.  GGP expects to emerge from Chapter 11
restructuring on or around November 8th.

GGP will emerge from its financial restructuring with a strong
balance sheet and substantially less debt, providing it
with a solid financial foundation on which to execute its growth
strategy.  Upon emergence, GGP will have a significantly improved
capital structure, having secured $6.8 billion in equity
commitments from Brookfield Asset Management, Fairholme Funds,
Pershing Square Capital Management, and The Teacher Retirement
System of Texas (and Blackstone, if it elects, as anticipated, to
subscribe to a portion of such $6.8 billion in equity).

As part of its plan of reorganization, GGP will split upon
emergence into two separate publicly traded corporations, a
reorganized GGP ("New GGP") and The Howard Hughes Corporation
("THHC"), with current shareholders receiving common stock in both
companies.  New GGP will remain the second-largest shopping mall
owner and operator in the country, with more than 185 regional
malls in 43 states, and will focus on largely stable, income-
producing shopping malls and other real estate assets. THHC, a
spin-off company, will consist of GGP's portfolio of master
planned communities and other strategic real estate development
opportunities.  The plan of reorganization yields a substantial
recovery to current common stockholders of GGP, who will as a
group own a majority of the outstanding common stock of THHC and a
significant minority of the outstanding common stock of New GGP
upon emergence.

All prepetition GGP creditors will be satisfied in full.  The
restructured loans provide for the repayment of such restructured
secured mortgage debt without any prepayment penalties.  In
addition, the holders of $1.65 billion of certain corporate bonds
have elected to either exchange their holdings for new, longer-
dated bonds or be reinstated at existing rates, thereby providing
the Company an even more attractive maturity profile while
allowing the Company to forgo the more costly standby term debt
facility it had arranged.

                      Equity Offering

A key feature of the $6.8 billion of new capital to be
received pursuant to the investment agreements is a clawback
provision that provides GGP with the option to replace up to $2.15
billion of the capital being committed by Fairholme, Pershing
Square and Teacher Retirement System of Texas with the proceeds of
equity issuances at more advantageous pricing.  New GGP has filed
a registration statement on Form S-11 with the Securities and
Exchange Commission to raise public equity shortly after emergence
from Chapter 11.

The offering of equity shortly after emergence from Chapter
11 will be made only by means of a prospectus.  A registration
statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become
effective.  These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective.  The registration statement on Form S-11 may be
accessed through the Securities and Exchange Commission's website
at www.sec.gov.

                      *     *     *

GGP filed with the Securities and Exchange Commission on
October 29, 2010, a quarterly report on Form 10-Q for the quarter
ended September 30, 2010.  A full-text copy of the Form 10-Q is
available for free at: http://ResearchArchives.com/t/s?6d4a

GGP also submitted to the SEC on October 29, 2010, supplemental
financial data as of September 30, 2010, which should be read in
conjunction with the Company's third quarter earnings information
as certain disclosures and reconciliations in that announcement
have not been included in the supplemental financial data.  A
full-text copy of the supplemental financial data is available for
free at http://ResearchArchives.com/t/s?6d4b

                  General Growth Properties, Inc.
                   Consolidated Balance Sheet
                    As of September 30, 2010

Assets:
Investment in real estate:
Land                                            $3,326,422,000
Buildings and equipment                         22,827,890,000
Less accumulated depreciation                   (4,882,862,000)
Developments in progress                           424,616,000
                                             -----------------
Net property and equipment                     21,696,066,000
Investment in and loans to/from Unconsolidated
Real Estate Affiliates                          1,915,480,000
Investment property and property held for
development and sale                            1,906,163,000
                                             -----------------
  Net investment and real estate                25,517,709,000
Cash and cash equivalents                           630,014,000
Accounts and notes receivable, net                  373,001,000
Goodwill                                            199,664,000
Deferred expenses, net                              260,978,000
Prepaid expenses and other assets                   761,567,000
                                             -----------------
   Total assets                                $27,742,933,000
                                             =================

Liabilities and equity:
Liabilities not subject to compromise
Mortgages, notes and loans payable             $16,927,928,000
Investment in and loans to/from Unconsolidated
Real Estate Affiliates                             46,099,000
Deferred tax liabilities                           792,170,000
Accounts payable and accrued expenses            1,317,622,000
                                             -----------------
Liabilities not subject to compromise          19,083,819,000
Liabilities subject to compromise                 7,836,856,000
                                             -----------------
  Total liabilities                             26,920,675,000

Equity:
Common stock                                         3,188,000
Additional paid-in capital                       3,750,360,000
Retained earnings (accumulated deficit)         (3,129,683,000)
Accumulated other comprehensive loss                15,300,000
Less common stock in treasury                      (76,752,000)
                                             -----------------
  Total stockholders' equity                       562,413,000
Noncontrolling interests in consolidated real
estate affiliates                                  23,972,000
                                             -----------------
Total equity                                      586,385,000
                                             -----------------
   Total liabilities and equity                $27,742,933,000
                                             =================

                   General Growth Properties, Inc.
                   Consolidated Statements of Income
                 Three Months Ended September 30, 2010

Revenues:
Minimum rents                                     $487,433,000
Tenant recoveries                                  217,906,000
Overage rents                                       10,333,000
Land and condominium sales                          20,290,000
Management and other fees                           14,075,000
Other                                               19,655,000
                                             -----------------
Total revenues                                    769,692,000
                                             -----------------
Expenses:
Real estate taxes                                   71,339,000
Property maintenance costs                          27,176,000
Marketing                                            9,043,000
Other property operating costs                     132,441,000
Land and condominium sales operations               19,770,000
Provision for doubtful accounts                      5,628,000
Property management and other costs                 41,057,000
General and administrative                           9,401,000
Strategic initiatives                                        -
Provisions for impairment                            4,620,000
Depreciation and amortization                      175,336,000
                                             -----------------
Total expenses                                    495,811,000
                                             -----------------
Operating income (loss)                             273,881,000

Interest income                                         274,000
Interest expense                                   (413,237,000)
                                             -----------------
Loss before income taxes, noncontrolling
interests and equity in income of
Unconsolidated Real Estate Affiliates             (139,082,000)
Benefit from (provision for) income taxes            (1,913,000)
Equity in income of Unconsolidated Real Estate
Affiliates                                           9,789,000
Reorganization items                               (102,517,000)
                                             -----------------
Income (loss) from continuing operations           (233,723,000)
Discontinued operations - loss on dispositions                -
                                             -----------------
Net (loss) income                                  (233,723,000)
Allocation to noncontrolling interests                2,538,000
                                             -----------------
Net (loss) income attributable to controlling
interests                                        ($231,185,000)
                                             =================

                   General Growth Properties, Inc.
                Consolidated Statements of Cash Flows
                 Nine Months Ended September 30, 2010

Cash flows from operating activities:
Net income (loss)                                ($295,410,000)
Adjustments to reconcile net (loss) income to net
cash provided by operating activities:
Equity in income of Unconsolidated Real Estate
  Affiliates                                       (60,441,000)
Provision for doubtful accounts                    15,575,000
Distributions received from Unconsolidated Real
  Estate Affiliates                                 40,427,000
Depreciation                                      494,475,000
Amortization                                       33,481,000
Amortization of deferred finance costs             26,753,000
Amortization of debt market rate adjustments       43,330,000
Amortization of intangibles other than in-place
  leases                                              (352,000)
Straight-line rent amortization                   (27,153,000)
Non-cash interest expense on Exchangeable Senior
  Notes                                             21,618,000
Non-cash interest expense resulting from termination
  of interest rate swaps                             9,636,000
Non-cash interest expense related to Special
  Consideration entities                           (33,417,000)
Provisions for impairment                          35,893,000
Participation expense pursuant to Contingent Stock
  Agreement                                                  -
Land/residential development and acquisitions
  expenditures                                     (53,540,000)
Cost of land sales                                 62,528,000
Revenue recognition of deferred land and
  condominium sales                                (36,443,000)
Reorganization items - finance costs related to
  emerged entities                                 138,548,000
Accrued interest expense related to the Plan       83,739,000
Non-cash reorganization items                    (127,401,000)
(Increase) decrease in restricted cash            (48,739,000)
Glendale Matter deposit                                     -
Net changes:
  Accounts and notes receivable                     43,155,000
  Prepaid expenses and other assets                 26,134,000
  Deferred expenses                                (24,238,000)
  Accounts payable and accrued expenses and deferred
   tax liabilities                                 177,845,000
  Other, net                                          (170,000)
                                             -----------------
   Net cash provided by operating activities       545,833,000
                                             -----------------

Cash flows from investing activities:
Acquisitions/development of real estate and property
additions/improvements                           (204,599,000)
Proceeds from sales of investment properties            94,000
Proceeds from sales of investment in Unconsolidated
Real Estate Affiliates                              7,450,000
Decrease in investments in Unconsolidated Real
Estate Affiliates                                 (17,229,000)
Distributions received from Unconsolidated Real
Estate Affiliates                                 107,431,000
Loans (to) from Unconsolidated Real Estate
Affiliates, net                                             -
(Increase) decrease in restricted cash              (8,849,000)
Other, net                                          (4,144,000)
                                             -----------------
Net cash used in investing activities             (119,846,000)
                                             -----------------

Cash flows from financing activities:
Proceeds from refinance/issuance of the DIP
Facility                                          400,000,000
Principal payments on mortgages, notes and
loans payable                                    (704,155,000)
Deferred financing costs                                     -
Finance costs related to emerged entities         (138,548,000)
Cash distributions paid to common stockholders      (5,957,000)
Cash distributions paid to holders of Common Units           -
Proceeds from issuance of common stock, including
common stock plans                                          -
Other, net                                          (1,709,000)
                                             -----------------
Net cash (used in) provided by financing
activities                                        (450,369,000)
                                             -----------------
Net change in cash and cash equivalents             (24,382,000)
Cash and cash equivalents at beginning of period    654,396,000
                                             -----------------
Cash and cash equivalents at end of period         $630,014,000
                                             =================

                      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.

General Growth Properties on November 9, 2010, successfully
completed the final steps of its financial restructuring and
emerged from Chapter 11.  GGP successfully restructured
approximately $15 billion of project-level debt Recapitalized with
$6.8 billion in new equity capital Paid all creditor claims in
full achieved substantial recovery for equity holders.

As part of its plan of reorganization, GGP has split itself into
two separate and independent publicly traded corporations. GGP
shareholders as of the record date of November 1, 2010 received
common stock in both companies.  The new GGP, which will commence
trading November 10 on The New York Stock Exchange under the
ticker symbol "GGP," is the second-largest shopping mall owner and
operator in the country, with more than 183 regional malls in 43
states.  The spin-off company, The Howard Hughes Corporation,
consists of GGP's portfolio of master planned communities and
other strategic real estate development opportunities.  This
company will trade under the ticker symbol "HHC" on The New York
Stock Exchange.

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: Gets Investors' Nod to Waive Defaults Under Notes
------------------------------------------------------------
Genta Incorporated entered On November 5, 2010, into an Amendment
and Acknowledgement Agreement with certain investors.  Pursuant to
the Agreement, the Investors agreed to amend the Company's March
2010 Senior Unsecured Convertible Notes, March 2010 Senior
Unsecured Convertible Notes, March 2010 Senior Secured Convertible
Notes, March 2010 Senior Unsecured Convertible Notes, September
2009 Subordinated Unsecured Convertible Notes, April 2009 Senior
Secured Convertible Notes and the March 2010 Senior Unsecured
Convertible Notes issuable upon future exercise of outstanding
Purchase Options and Purchase Rights.

The purpose of the Agreement was to obtain the Investors'
agreement to amend the Notes to waive any event of default
occurring under the Notes resulting from the Company's delay  in
obtaining approval for a reverse stock split and increasing its
authorized shares of common stock to ensure it has sufficient
shares of common stock authorized to cover the conversion of the
Notes and the Company's other outstanding convertible notes, to
the extent the event of default arises due to regulatory delays in
connection with the proxy statement filed by the Company seeking
stockholder approval for up to two reverse stock splits and
increase in authorized shares.

In addition, the Company agreed not effect any reverse stock split
between November 5, 2010 and September 30, 2011 without the
approval of:

     i) the holders of at least 66 2/3% of the combined principal
        amount of the B Notes outstanding as of November 5, 2010,

    ii) the holders of at least 66 2/3% of the combined principal
        amount of the C Notes outstanding as of November 5, 2010,

   iii) the holders of at least 66 2/3% of the combined principal
        amount of the D Notes outstanding as of November 5, 2010,

    iv) the holders of at least 66 2/3% of the combined principal
        amount of the E Notes outstanding as of November 5, 2010,

     v) the holders of at least two-thirds of the principal amount
        of the outstanding September 2009 Notes as of November 5,
        2010, and

    vi) the holders of at least two-thirds of the principal amount
        of the outstanding April 2009 Notes as of November 5,
        2010, unless the Board of Directors of the Company deems
        such reverse stock split to be in the best interest of the
        Company and its stockholders to avoid an imminent event of
        default under any of the outstanding Notes at such time
        prior to such date.

A full-text copy of the Amendment And Acknowledgement Agreement is
available for free at http://ResearchArchives.com/t/s?6e00

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


GENTA INC: Launches New Phase 2b Clinical Trial for Tesetaxel
-------------------------------------------------------------
Genta Incorporated has initiated a new Phase 2b clinical trial
of tesetaxel as 1st-line chemotherapy for women with metastatic
breast cancer.  Tesetaxel is the leading oral taxane currently in
clinical development.  The new trial will be conducted at Memorial
Sloan-Kettering Cancer Center, New York, and at the Accelerated
Community Oncology Research Network based in Memphis, Tennessee.

The new trial is designed to confirm and extend the efficacy and
safety results observed in a preliminary Phase 2a study of
tesetaxel as 2nd-line treatment of patients with advanced breast
cancer.  The new study includes women with Her2-negative breast
cancer who have developed progressive disease after primary
surgery but who have not previously received chemotherapy for
metastatic disease.  Patients who received adjuvant post-operative
chemotherapy are also eligible if they have been disease-free
for at least 12 months since the last dose of chemotherapy.

The primary endpoint of the study is percent overall response.
Secondary endpoints include response duration, disease control at
3 months, percent progression-free survival at 6 months, durable
response > 6 months, and time-to-progression.  A total of 25
patients are expected to be accrued, and enrollment should be
completed in 2011.

                            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'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.


GEORGE STOVER: Butzel Long to Get $13,955 for Legal Work
--------------------------------------------------------
The Hon. Scott W. Dales grants Butzel Long, LLP, G. Woodward
Stover II and Betsy Upton Stover's counsel in their  Chapter 11
case, an administrative claim under 11 U.S.C. Sections 330 and
503(b)(2) in the amount of $13,955 for professional fees and
$3,576 for expenses, to be paid from the retainer, pending final
distribution.  Butzel Long sought payment of $42,168 in fees and
expenses.   Butzel Long received $52,910 from the Debtors for pre-
bankruptcy work.  Judge Dales, mindful of the prepetition fees,
finds the firm's bill unreasonably high.

Summit Community Bank, the Debtors' lender, objected to the firm's
fee request.

A copy of the Court's opinion and order, dated Nov. 5, 2010, is
available at http://is.gd/gTXgrfrom Leagle.com.

Based in Walloon Lake, Michigan, George Woodward Stover, II, and
Betsy Upton Stover filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Mich. Case No. 10-06192) on May 13, 2010.  Thomas B.
Radom, Esq., at Butzel Long, in Bloomfield Hills, Michigan, served
as Chapter 11 counsel.  The Debtors estimated $100,001 to $500,000
in assets and $10 million to $50 million in debts in their
petition.  The case was converted to a Chapter 7 liquidation
proceeding 27 days later.


GEORGE TRAKAS: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: George S. Trakas, Jr., LLC
        dba Aquarius Motels
        204 11th Avenue North
        Myrtle Beach, SC 29577

Bankruptcy Case No.: 10-07965

Chapter 11 Petition Date: November 5, 2010

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

Judge: John E. Waites

Debtor's Counsel: Michael J. Cox, Esq.
                  MICHAEL J. COX, ATTORNEY AT LAW, LLC
                  6160 St. Andrews Road, Suite 1
                  Columbia, SC 29212
                  Tel: (803) 254-6041
                  E-mail: ecf@michaeljcoxlaw.com

Scheduled Assets: $1,350,000

Scheduled Debts: $1,524,061

A list of the Company's six largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/scb10-07965.pdf

The petition was signed by George S. Trakas, Jr., managing member.


GLOBAL CROSSING: S&P Assigns 'CCC+' Rating to $150 Mil.  Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'CCC+'
issue-level rating and '6' recovery rating to Bermuda-based Global
Crossing Ltd.'s proposed $150 million of senior unsecured notes
due 2019.  The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

The company intends to use issue proceeds to redeem all of the 5%
convertible notes that mature on May 15, 2011 ($144 million
outstanding), and to pay transaction fees and expenses associated
with the notes offering.

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

"The ratings on global communications solutions provider GCL
reflect what S&P considers the company's vulnerable business risk
profile," said Standard & Poor's credit analyst Naveen Sarma.  GCL
operates in the highly competitive long-haul telecommunications
industry, which is dominated by large, well-capitalized
competitors, including many national telephone companies.  S&P
expects industry pressures to continue, including price
compression despite rising demand for bandwidth from increased
broadband communications services and Internet content.

"The ratings also reflect the company's improved, but still
aggressively leveraged balanced sheet," added Mr. Sarma.
Tempering factors include the company's global network and
adequate liquidity from sizable cash on its balance sheet.


GOLDEN RESTAURANTS: 5th Cir. Won't Hear Appeal on Polley Judgment
-----------------------------------------------------------------
Golden Restaurants Incorporated et al. appeal to the United States
Court of Appeals for the Fifth Circuit the district court's
decision to remand the Jessica Polley case to Texas state court
and to vacate several bankruptcy court orders.  Ms. Polley won a
judgment for $869,172.92 in 2007 against Metro Restaurants, based
on the finding that she was sexually assaulted by a supervisor at
one of Metro's Burger King franchises.  She has moved to dismiss
the appeal for lack of subject matter jurisdiction pursuant to
28 U.S.C. Sections 1334(d) and 1452(b).

The issues presented before the Fifth Circuit are (1) whether it
lacks jurisdiction to hear the appeal under 28 U.S.C. Secs.
1334(d) and 1452(b), or instead under 28 U.S.C. Sec. 1447(d), and
(2) if so, if any portion of the district court's decision is
separable and may be heard on appeal.  The Fifth Circuit finds
that the district court's decision to remand and its related
orders to vacate were jurisdictional under 28 U.S.C. Sec. 1447(d),
and none of the opinion is separable.  Accordingly, the Fifth
Circuit grants Ms. Polley's motion to dismiss.

A copy of the Fifth Circuit's decision dated November 8 is
available at http://is.gd/gT9E9from Leagle.com.

                     About Golden Restaurants

Golden Restaurants, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Case No. 09-44425) on March 24,
2009.  Affiliates Denar Restaurants, LLC (Bankr. N.D. Tex.
Case No. 09-41675), and Denar, LLC (Bankr. N.D. Tex. Case No.
09-42389), filed for Chapter 11 on the same day.

Three affiliates -- Kansas Corral, LLC (Bankr. N.D. Tex. Case No.
09-44426); TAG Corral, LLC (Bankr. N.D. Tex. Case No. 09-44427);
and Indy Corral, LLC (Bankr. N.D. Tex. Case No. 09-44428) -- filed
for Chapter 11 on July 23, 2009.

Affiliate Metro Restaurants, LLC filed a Chapter 7 petition
(Bankr. N.D. Tex. Case No. 08-33377) July 10, 2008.

Deborah M. Perry, Esq., at Munsch Hardt Kopf & Harr, P.C., in
Dallas, serves as counsel to the Chapter 11 Debtors.

Golden Restaurants estimated $1 million to $10 million in assets
and $10 million to $50 million in debts in its petition.


GRAMERCY PARK: Situs Led Sale of Condominums
--------------------------------------------
Situs Inc. said it represented the Chapter 7 bankruptcy trustee in
the successful sale of the Gramercy Park Condominiums, a luxury
mid-rise multi-family asset located in the prime Medical Center
submarket of Houston, Texas.  Situs actively exposed the fractured
condominium property to the market over the past year during
protracted court proceedings.

The property was constructed in 2005/2006 and was financed by 230+
individual investors.  In 2006, various entities that controlled
the servicing rights initiated a series of bankruptcies with Asset
Resolution, an entity affiliated with Silar Advisors, LLC,
ultimately controlling the servicing.  The property was foreclosed
in late-2008, and 220 units remained unsold.

Situs began marketing the property in September 2009.  Shortly
thereafter, Asset Resolution filed chapter 11 bankruptcy in New
York. The proceedings were transferred to Nevada, and ultimately
converted to a Chapter 7 bankruptcy case in January 2010.

Situs continued to market the asset and generate offers throughout
the contentious legal proceedings.  A total of 24 offers were
generated.  According to David Malev of Situs Inc, "There was a
great deal of interest in the property from a variety of buyers
due to its location and the fact there are very few, if any,
larger sites with comparable visibility in this market area.  The
biggest challenge was keeping buyers interested during an extended
period of litigation."

Mitch Siegler, senior managing director of Pathfinder Partners,
LLC, represented CCM Pathfinder Gramercy Court, LLC, the largest
investor in Gramercy Park, and worked closely with Situs in
structuring and negotiating the transaction.  "Situs demonstrated
tremendous patience, perseverance and creativity throughout a long
and arduous process, and worked diligently to keep the parties
together and the deal moving forward," Siegler said.

On September 7, 2010, the US Bankruptcy Court conducted a 363
auction in Reno, Nevada.  Situs was critical to the auction
process and was able to identify and negotiate terms with the
stalking horse bidder, Alliance Realty Partners, LLC, who
ultimately closed on the property.

The Situs team was led by Martin Bronstein, and included David
Malev, Randall Tuller, Maury Bronstein, and John S. Wall, Jr.

                          About Situs

Situs Inc is the brokerage arm of The Situs Companies, a leading
provider of global commercial real estate advisory services to the
financial services industry.  Since 1985, clients have relied on
Situs' experience, insight and best-in-class processes. Combining
creativity, flexibility and strategic planning, the company offers
life of the loan solutions from due diligence to disposition. The
company is recognized throughout the industry for consulting,
advisory, servicing, outsourcing and disposition solutions.

Constructed in 2005/2006, the property was financed by individual
investors holding fractionalized interests.  Various entities that
controlled the servicing rights went through a series of
bankruptcies beginning in 2006, with Asset Resolution, an entity
affiliated with Silar Advisors, LLC, ultimately controlling the
servicing.  With only 4 of the units sold, the property was
foreclosed in late 2008.


GRAY TELEVISION: Earns $5.51 Million in Third Quarter
-----------------------------------------------------
Gray Television Inc. reported net income of $5.51 million on
$85.34 million of revenues for the three months ended Sept. 30,
2010, compared with a net loss of $5.52 million on $66.44 million
for the same period a year ago.

The Company's balance sheet at Sept. 30, 2010, showed
$1.25 billion in total assets, $1.10 billion in total liabilities,
and stockholder's equity of $111.81 million.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6e03

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6e04

Formerly known as Gray Communications System, Atlanta, Georgia-
based Gray Television, Inc., is a television broadcast company.
Gray currently operates 36 television stations serving 30 markets.
Each of the stations are affiliated with either CBS (17 stations),
NBC (10 stations), ABC (8 stations) or FOX (1 station).  In
addition, Gray currently operates 38 digital second channels
including 1 ABC, 4 Fox, 7 CW, 16 MyNetworkTV and 1 Universal
Sports Network affiliates plus 8 local news/weather channels and 1
"independent" channel in certain of its existing markets.

Gray Television carries 'CCC' issuer credit ratings from Standard
& Poor's and 'Caa1' corporate family rating from Moody's.   


HAMPTON ROADS: Posts $84.5 Million Net Loss in Q3 2010
------------------------------------------------------
Hampton Roads Bankshares, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $84.5 million on $17.9 million of
net interest income for the three months ended September 30, 2010,
compared with a net loss of $13.4 million on $26.5 million of net
interest income for the same period last year.

Effective June 17, 2010, the Company and its banking subsidiary,
Bank of Hampton Roads ("BOHR"), entered into a written agreement
with the Federal Reserve Bank of Richmond and the Bureau of
Financial Institutions of the Virginia State Corporation
Commission.  The Company's other banking subsidiary, Shore Bank,
is not a party to the Written Agreement.

Under the terms of the Written Agreement, among other things, BOHR
agreed to develop and submit for approval plans to (a) strengthen
board oversight of management and BOHR's operations, (b)
strengthen credit risk management policies, (c) improve BOHR's
position with respect to loans, relationships, or other assets in
excess of $2.5 million which are now, or may in the future become,
past due more than 90 days, are on BOHR's problem loan list, or
adversely classified in any report of examination of BOHR, (d)
review and revise, as appropriate, current policy and maintain
sound processes for determining, documenting, and recording an
adequate allowance for loan and lease losses, (e) improve
management of BOHR's liquidity position and funds management
policies, (f) provide contingency planning that accounts for
adverse scenarios and identifies and quantifies available sources
of liquidity for each scenario, (g) reduce the Bank's reliance on
brokered deposits, and (h) improve BOHR's earnings and overall
condition.

The Company said in the filing that due to its financial results,
the substantial uncertainty throughout the U.S. banking industry,
and the Written Agreement the Company and BOHR have entered into,
doubts existed regarding the Company's ability to continue as a
going concern through the second quarter of 2010.  However,
management believes this concern has been mitigated by the initial
closing of the Private Placement that occurred on September 30,
2010.

With the receipt of $235.0 million of new capital, the Company and
BOHR returned to "well-capitalized" status, the Company said.

The Company's balance sheet at September 30, 2010, showed
$3.068 billion in total assets, $2.899 billion in total
liabilities, and stockholders' equity of $168.5 million.

Yount, Hyde & Barbour, P.C., in Winchester, Va., expressed
substantial doubt about the Company's ability to continue as a
going concern in its report on the Company's restated consolidated
financial statements for the year ended December 31, 2009.  The
independent auditors noted that quantitative measures established
by regulation to ensure capital adequacy require the Company and
its subsidiary banks to maintain minimum amounts and ratios of
total and Tier I capital to risk-weighted assets, and Tier I
capital to average assets.  In addition, the Company has suffered
recurring losses from operations and declining levels of capital.

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

               http://researcharchives.com/t/s?6e10

                  About Hampton Roads Bankshares

Hampton Roads Bankshares, Inc. (NASDAQ: HMPR)
-- http://www.hamptonroadsbanksharesinc.com/-- is a bank holding
company that was formed in 2001 and is headquartered in Norfolk,
Virginia.  The Company's primary subsidiaries are Bank of Hampton
Roads, which opened for business in 1987, and Shore Bank, which
opened in 1961.  Currently, Bank of Hampton Roads operates twenty-
eight banking offices in the Hampton Roads region of southeastern
Virginia and twenty-four offices in Virginia and North Carolina
doing business as Gateway Bank & Trust Co.  Shore Bank serves the
Eastern Shore of Maryland and Virginia through eight banking
offices and fifteen ATMs.


HARRAH'S ENTERTAINMENT: Posts $164.8-Mil. Net Loss in 3rd Quarter
-----------------------------------------------------------------
Harrah's Entertainment Inc. said 2010 third quarter revenues
increased approximately 0.3% to $2.288 billion from
$2.282  million in the 2009 third quarter.  Income from operations
for the third quarter of 2010 was $175.7 million, compared with a
loss from operations of $1,050.2 million for the 2009 third
quarter.  Net loss attributable to Harrah's Entertainment was
$164.8 million in the third quarter of 2010, compared with a net
loss of $1.624 billion in the same period in 2009.

"Revenue rose slightly during the third quarter," said Gary
Loveman, Harrah's Entertainment chairman, president and chief
executive officer.  "Although visitation also increased slightly
in certain markets, including Las Vegas, and there are signs
consumer spending may be stabilizing, we're continuing to exercise
cost discipline while pursuing innovative ways to provide
rewarding customer experiences.  We have targeted $129 million in
additional expense reductions for the 2010 fourth quarter.

"We're also focused on potential growth opportunities," Loveman
said.  "On October 15, we filed a registration statement with the
Securities and Exchange Commission regarding our plans to sell
equity.  As noted in the prospectus for the initial public
offering, we plan to use net proceeds of the offering to fund
growth projects and for general corporate purposes.

"Growth projects under consideration include a previously
announced retail, dining and entertainment development between the
Flamingo and Imperial Palace hotel-casinos in Las Vegas,
completion of a 660-room hotel tower at Caesars Las Vegas when
demand warrants, and a potential joint venture with Rock Gaming,
LLC, to build casinos in Cleveland and Cincinnati," Mr. Loveman
said.

"In October 2010, we signed a non-binding term sheet to acquire a
minority interest in Philadelphia Entertainment and Development
Partners, L.P., which holds a license to develop and operate a
casino in Philadelphia," Loveman said.  "The term sheet, which is
subject to execution of definitive documentation, receipt of
regulatory approvals, acceptable financing and other conditions,
calls for us to be primarily responsible for design, development
and management of the casino project, which is expected to open in
2012."

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6e05

                    About Harrah's Entertainment

Las Vegas, Nevada-based Harrah's Entertainment, Inc. --
http://www.harrahs.com/-- through its wholly owned subsidiary,
Harrah's Operating Company, Inc., operates nearly 40 casinos
across the United States, primarily under the Harrah's(R),
Caesars(R) and Horseshoe(R) brand names; Harrah's also owns the
London Clubs International family of casinos and the World Series
of Poker(R).  Private equity firms Apollo Global Management and
TPG Capital LP acquired Harrah's in January for $31 billion.

Harrah's Entertainment, Inc., reported its financial results for
the first quarter March 31, 2010, showing a $193.6 million net
loss on $2.19 billion of net revenues for quarter ended March 31,
2010, compared with a $127.5 million net loss on $2.25 billion of
net revenues for the same period a year earlier.  At March 31,
2010, the Company had $29.26 billion of total assets, $27.73
billion of total liabilities, $1.53 billion in stockholders'
equity.  The March 31 balance sheet showed strained liquidity with
$1.67 billion in total current assets against $1.82 billion of
total current liabilities.

Harrah's carries 'Caa3' corporate family and probability of
default ratings, with "positive outlook", from Moody's Investors
Service.  It has 'B-' issuer credit ratings, with "stable"
outlook, from Standard & Poor's.


HARRISBURG, PA: Taps Cravath as Counsel on Pro Bono Basis
---------------------------------------------------------
Romy Varghese, writing for Dow Jones Newswires, reports that The
Harrisburg City Council, in a 6-0 vote late Tuesday, approved the
hiring of Cravath, Swaine & Moore, one of two finalists in its
search for attorneys.  According to Dow Jones, the city council
tapped Cravath, at no charge, about a possible bankruptcy filing.

According to Dow Jones, councilman Brad Koplinski said Wednesday
that council members were "pleasantly surprised" by Cravath's
pitching its services pro bono, worth millions of dollars.  "We
have someone in Cravath who we believe will give us a fair,
impartial view of all of our options," Mr. Koplinski said.

Dow Jones relates Mayor Linda Thompson, who opposes a bankruptcy
filing, welcomes the offer and will work with the attorneys,
according to her spokesman Chuck Ardo.

According to Dow Jones, details of the contract must still be
finalized.

Dow Jones relates Paul Zumbro, Esq., a partner in the
restructuring practice in Cravath's Corporate Department, said he
has made no conclusions yet on whether Harrisburg should file for
Chapter 9.

Dow Jones reports Mr. Zumbro said the other partner on the case,
Richard Levin, Esq., has had experience with Chapter 9, such as
the pending case of New York City Off Track Betting Corp., and
worked on the bankruptcy code itself in 1978.  Mr. Levin has also
represented municipal-debt issuers, such as Gardena, Calif., in
negotiating solutions to avert bankruptcy filings.

According to Dow Jones, Mr. Zumbro said Cravath decided to offer
its services free because Harrisburg "is a significant situation.
It's a state capital."  He added, "we do have a long history of
doing challenging pro bono work, and it fit with our tradition."

Dow Jones also reports that an attorney hired by Pennsylvania's
Department of Community and Economic Development is working on
Harrisburg's cash-flow problems.  Dow Jones says Robert O'Donnell
was to conduct "triage" Wednesday.

Harrisburg has this year missed more than $10 million in debt
payments tied to the project and is being sued by the bond insurer
Assured Guaranty Ltd. and Dauphin County, which made the payments
to bond holders.

According to Dow Jones, Assured Guaranty on Monday filed a motion
in the Court of Common Pleas of Dauphin County requesting the
appointment of a receiver to manage the affairs of the
incinerator.

Dow Jones says Assured Guaranty declined to comment Wednesday on
the Cravath hiring, and a Dauphin County spokeswoman didn't
respond with a comment.

As reported by the Troubled Company Reporter on November 10, 2010,
DCED will hear further testimony at a Nov. 17 public hearing
regarding Harrisburg's request to be designated as "financially
distressed" under Act 47, the agency said November 9.  The
official order, including the additional rulings, is available at
http://www.newpa.com/by searching keyword "Act 47" and clicking
on the link titled "Municipalities Financial Recovery Act of
1987," or at http://is.gd/gSYND

Mr. O'Donnell, a former speaker of the Pennsylvania House, is an
attorney with a multi-state practice in government relations and
public finance.  His clients have included numerous government
entities, public pension funds, municipal bond insurers, and
private corporations.

The continued public hearing will take place at 4 p.m. on
Wednesday, Nov. 17, at the Harrisburg Government Center, 10 N.
Second St., Harrisburg.  Individuals requiring special
accommodations to attend the hearing should contact DCED at least
five days prior to the hearing.  After that hearing, DCED
Secretary Austin Burke will review the entire record and will rule
on Harrisburg's request for Act 47 designation.

                       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.

As reported by the Troubled Company Reporter on November 4, 2010,
Dow Jones' DBR Small Cap said Harrisburg doesn't have enough money
now to make two debt payments totaling $305,952 on November 15.
Chuck Ardo, spokesman for Mayor Linda Thompson, said the city
intends to make the payments.


HCA INC: Fitch Affirms Issuer Default Rating at 'B'
---------------------------------------------------
Fitch Ratings has affirmed the ratings of HCA Inc.:

  -- Issuer Default Rating at 'B';
  -- Secured bank credit facility at 'BB/RR1';
  -- Senior secured first lien notes at 'BB/RR1';
  -- Senior secured second lien notes at 'BB-/RR2';
  -- Senior unsecured notes at 'CCC/RR6'.

HCA plans to create a holding company structure.  The newly
created holding company, to be called HCA Holdings Inc., will be
issuing a proposed $1.525 billion of senior unsecured notes due
2021 to fund a portion of an approximate $2 billion distribution
to shareholders to be made in the fourth quarter of 2010 (4Q'10).
Pending regulatory approvals of a corporate reorganization plan,
HCA will become a wholly owned subsidiary of Hold Co.  All
relevant operations will be housed at HCA and the Hold Co. senior
notes are anticipated to be structurally subordinated to all
existing and future debt of HCA in right of payment.

Fitch is assigning ratings to Hold Co.:

  -- IDR 'B';
  -- Proposed senior unsecured notes 'CC/RR6'.

The ratings apply to approximately $26.1 billion of debt
outstanding at Sept 30, 2010.  The Rating Outlook is Positive.

HCA's ratings reflect these factors:

Positive Credit Momentum Related To Planned Ipo, But Timing Is
Uncertain:

The Rating Outlook is Positive on the basis of recent improvement
in HCA's operating and credit metrics, as well as the potential
for significant debt reduction using proceeds from the company's
planned initial public offering.  HCA's May 7, 2010 filing for an
IPO of up to $4.6 billion and the company's planned use of
$2.5 billion of the proceeds for debt reduction support Fitch's
expectation that HCA will operate with lower debt leverage as a
publicly traded company.  A ratings upgrade of one-to-two notches
to the 'B+' or 'BB-' IDR level is likely if the company is able to
successfully execute on its IPO strategy and proceeds are applied
to debt reduction as planned.  Based on its pro forma analysis of
a post IPO capital structure, Fitch believes the company could
achieve post IPO debt leverage of between 3.5 times and 4.0x,
versus the Sept. 30, 2010 4.7x level.  The timing of the execution
of the IPO has become increasingly uncertain, but HCA's credit
profile has positive momentum otherwise, as reflected in
improvement in operating and credit metrics since the 2006
leveraged buyout, but particularly over the past 12-18 months.
Even if the company's IPO strategy is not executed in the
intermediate term, there is the potential for a one-notch upgrade
for the IDR in the next 12-24 months assuming continuation of a
mildly positive operating trend.

Debt Levels Remain High From The LBO, But Stable Industry
Operating Trends Are Supporting Lower Debt Leverage:

HCA's operating results have been fairly strong since the 2006
LBO.  Despite the fact that the company did not undertake a
significant organizational restructuring post the LBO, Fitch
calculates that EBITDA has expanded by more than 25% or
$1.2 billion, to about $5.5 billion for the latest 12 months
period ended Sept. 30, 2010, from about $4.3 billion in 2006.
Annual top line revenue growth of 4%-6% has tracked the broader
for-profit hospital industry, and EBITDA growth has also been
supported by enhanced profitability as the EBITDA margin expanded
by about 140 basis points since 2006 to an industry leading 18% at
Sept. 30, 2010.  Fitch calculates that debt equaled about 4.7x LTM
EBITDA at Sept. 30, 2010, versus 6.6x immediately post the LBO.
The reduction in debt leverage has been the combined result of
expansion in EBITDA and a $2.3 billion reduction in the debt
balance to $26.1 billion versus $28.4 billion post the LBO.

Fitch's base case operating outlook for HCA contemplates low
single digit top-line revenue growth, and slight expansion of the
EBITDA margin, leading to nominal but steady EBITDA growth in the
intermediate term.  These expectations are in-line with Fitch's
near-term stable operating outlook for the for-profit hospital
industry.  Fitch believes that the most important driver of the
sector's near-term operating outlook is the pace and progress of
economic recovery.  Poor macroeconomic conditions are creating
significant headwinds for patient utilization and therefore top-
line revenue trends in the acute-care hospital industry.  However,
Fitch expects certain offsets which are stabilizing revenue trends
and supporting the industry's recently improved profitability to
persist in the intermediate term.  Some of these factors include a
low inflationary environment with respect to controllable
operating costs, strong commercial insurance pricing trends, and a
seemingly declining rate of acceleration in levels of
uncompensated care.  Furthermore, Fitch believes the industry is
well positioned to weather scheduled cuts to Medicare
reimbursement in the early going of the implementation of
healthcare reform due to a strong focus on cost containment and
operational efficiency during the economic recession.

Most Significant Risk To The Credit Profile Is Debt Maturity
Schedule; Liquidity Is Otherwise Solid:

HCA has the most concerning debt maturity structure amongst the
Fitch rated for-profit hospital provider universe; the company has
$7.5 billion of bank debt coming due in 2011-2013.  HCA has
recently taken action to reduce its near-term maturity schedule.
Between February 2009 and March 2010, HCA accessed the high yield
bond market on four separate occasions, issuing an aggregate
$310 million second lien notes and $4.2 billion first lien notes
and applying the proceeds to reduce borrowings under the bank
facility term loans due 2012 and 2013.  In April 2010, the company
entered into an amend-and-extend agreement with its bank lenders
to extend maturity of $2 billion of its $5.5 billion term loan B
to March 2017 from November 2013 in exchange for a 100 bp increase
in pricing.  Credit risk related to the company's inability to
organically address its upcoming maturities is offset by its
recently demonstrated strong debt capital market access.  For
example, the company's most recent note issuance in March 2010 was
oversubscribed and upsized to $1.4 billion from $1 billion.

At Sept 30, 2010, HCA's solid liquidity was provided by about
$2.2 billion of availability on the company's bank credit
facilities and $377 million of cash on hand.  HCA generated
$1.4 billion of free cash flow (FCF; calculated as cash from
operations less dividends and capital expenditure) in 2009,
representing a strong for the industry 4.8% FCF margin, and up
significantly from the 2008 level of $390 million.  HCA has been
successful in converting its recent growth in EBITDA into improved
cash flow, and a reduced level of capital expenditure has also
supported the positive trend.  In the first nine months of 2010,
HCA generated FCF of ($500) million, which was significantly
impacted by special dividend payments to the company's private
equity owners.  Fitch believes full year 2010 FCF will be negative
on the basis of the dividend payments, but in 2011 expects FCF to
rebound to above $1 billion on the basis of a mildly positive
operating outlook.

Through Sept. 30, 2010, the company's private equity owners
have monetized $2.3 billion of their initial $4.7 billion
equity investment through the LBO; taking dividend payments of
$1.8 billion and $500 million in February and May of 2010.  The
dividend payments were funded through draws on the bank facility,
somewhat undoing HCA's recent progress in addressing the bank
maturity cliff.  The planned $2 billion 4Q'10 distribution is
also anticipated to be entirely debt funded through a combination
of draws on the HCA credit facilities and the proposed Hold Co
notes.  Pro forma for the debt funding of the 4Q'10 distribution,
Fitch calculates debt-to-EBITDA of about 5.1x.

As of Sept. 30, 2010, bond maturities through 2014 include:
approximately $190 million maturing in 2010, $273 million maturing
in 2011, $900 million maturing in 2012, $1 billion maturing in
2013, and $1.6 billion maturing in 2014.  Bank debt maturities
through 2014 include: $240 million in 2011, $3.4 billion in 2012
and $3.9 billion in 2013.  At Sept. 30, 2010, Fitch calculates
debt-to-EBITDA equaled 1.7x through the bank facility, 2.4x
through the first lien notes, 3.5x through the second lien notes
and 4.7x through the unsecured notes.  Fitch believes HCA has
ample room under its bank facility financial maintenance
covenants.  Fitch calculates that EBITDA would have to decline by
about 40% from the Sept. 30, 2010 LTM level to trip the 7.75x
leverage covenant.  Beginning with the quarter ending March 31,
2011, the covenant level will step down by 50 bp to 7.25x.  Based
on Fitch's projected EBITDA and debt level, HCA is expected to
maintain a solid EBITDA operating cushion even under the tightened
covenant.

Guidelines For Further Rating Actions:

A one-notch upgrade to a 'B+' IDR would be supported by debt-to-
EBITDA declining to between 4.5x and 4.0x, and a two-notch upgrade
to a 'BB-' IDR would be supported by an expectation of debt
leverage sustained at 4.0x or below.  Reductions in debt leverage
could occur through some combination of growth in EBITDA due to
improved operating performance and the application of IPO proceeds
and/or FCF to debt reduction.  Other factors that would support an
upgrade include continued progress in addressing the 2012-2013
debt maturity cliff, and sustained positive FCF generation of
around $1 billion annually.  A return to Stable Outlook at a 'B'
IDR could be precipitated by an expectation that debt-to-EBITDA
will be sustained above 5.0x over the next 12-24 months.  This
could be caused by some combination of a deterioration in the
operating trend and continued debt funding of shareholder
distributions beyond the $2 billion anticipated in 4Q'10.

Debt Issue Ratings:

HCA's recovery ratings reflect Fitch's expectation that the
enterprise value of the company and recovery rates for its
creditors will be maximized in a restructuring scenario (going
concern) rather than liquidation.  Based on LTM Sept. 30, 2010,
EBITDA and employing a 40% EBITDA discount and 7.0x multiple,
Fitch estimates a distressed enterprise value of $23.3 billion for
HCA.  The 'BB/RR1' rating for the bank facility and first lien
notes reflect an expectation of 100% recovery for these lenders
under a bankruptcy scenario.  The 'BB-/RR2' rating reflects
expectation of recovery at the high end of the 71%-91% range.  The
'CCC/RR6' rating on the unsecured notes reflects expectation of 0%
recovery.  Hold Co.'s proposed senior notes are rated 'CC/RR6',
one notch below HCA's unsecured notes rating, reflecting the
structural subordination of the Hold Co. notes.

Fitch anticipates that a one-or-two notch upgrade of HCA's IDR to
'B+' or 'BB-' would result in a one-notch upgrade of the bank debt
and first lien notes to 'BB+' from 'BB'.  If an upgrade occurs in
conjunction with first lien debt reduction -- for example, as a
result of applying IPO proceeds to pay down debt -- the rating on
the second lien notes would probably improve to on par with the
first lien rating.  Assuming $2.5 billion of IPO proceeds is used
to pay down first lien debt, it would improve Fitch's estimated
recovery for the second lien holders to 100%, implying a two-notch
upgrade to 'BB+/RR1' at a 'B+' IDR.  In any scenario, recovery for
holders of the HCA unsecured notes and Hold Co. proposed senior
notes will remain significantly prejudiced by the large amount of
secured debt in the capital structure (currently 75% of debt is
secured), making it likely the HCA unsecured notes will remain
rated below the IDR by at least one-notch, and the Hold Co. notes
by at least two-notches, reflecting the structural subordination.


HCA INC: S&P Affirms Corporate Credit Rating at 'B+'
----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on Nashville-based hospital giant HCA Inc.
The outlook is stable.

At the same time, S&P removed all ratings on HCA from CreditWatch
with positive implications, where they were placed on May 17,
2010, when the company announced that it planned an IPO and would
use proceeds to pay down debt.

In addition, S&P assigned a 'B-' issue-level rating to proposed
$1.525 billion senior unsecured notes to be issued by a newly
formed holding company, HCA Holdings Inc.  S&P also assigned a '6'
recovery rating to the notes, indicating S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

"The rating affirmation and removal from CreditWatch reflects
HCA's aggressive financial policy," said Standard & Poor's credit
analyst David Peknay, "and in S&P's view, the upcoming largely
debt-financed dividend payment of $2 billion to its shareholders,
in addition to the $2.25 billion paid in the first half of 2010,
suggests that the company is not committed to achieving and
sustaining a financial risk profile consistent with a higher
rating."

The speculative-grade rating on HCA reflects uncertain prospects
for third-party reimbursement, its highly leveraged financial risk
profile, significant bad debt expense, and relatively weak patient
volume trends.  Still, its relatively diversified portfolio of 162
hospitals and 106 ambulatory surgery centers, generally favorable
positions in its competitive markets, and experienced management
team partially mitigate these risks and contribute to S&P's
assessment that HCA has a fair business risk profile.  These
factors also mitigate the company from conditions that confront
several of its far smaller peers.


HENARD ENTERPRISES: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Henard Enterprises, Inc.
        P.O. Box 727
        Bristol, TN 37621

Bankruptcy Case No.: 10-52888

Chapter 11 Petition Date: November 5, 2010

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Greeneville)

Judge: Marcia Phillips Parsons

Debtor's Counsel: Fred M. Leonard,Esq.
                  27 Sixth Street
                  Bristol, TN 37620
                  Tel: (423) 968-3151
                  E-mail: fredmleonard@earthlink.net

Scheduled Assets: $4,258,550

Scheduled Debts: $4,311,850

A list of the Company's nine largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/tneb10-52888.pdf

The petition was signed by Bruce Martin, executive vice president.


HMP SERVICES: To Liquidate & Distribute Assets in Chapter 11
------------------------------------------------------------
HMP Services Holdings Sub III LLC filed a Chapter 11 petition on
Nov. 8 (Bankr. D. Del. Case No. 10-13618) to liquidate and
distribute the remainder of its assets.

Bill Rochelle, the bankruptcy columnist for Bloomberg News, citing
a court filing, says HMP Services used to be one of the largest
U.S. suppliers to the graphics industry.  Most of the assets were
sold in August to Agfa Corp. for $74.9 million in cash and other
considerations.  The sale paid off one secured loan, leaving $4.2
million owing to Orix Finance Corp., another secured creditor.
The sale took away all assets except tax refunds, the surrender
value of insurance policies, and lawsuits against third parties.

According to Mr. Rochelle, the Debtor filed a proposed liquidating
Chapter 11 plan and disclosure statement along with the petition.
Orix would get most of the liquidation proceeds under the plan.

The Debtor owes $9.4 million on unsecured claims.

Financial failure resulted from the 2007 acquisition of a company
called Charrette and a sales decline of 29 percent from fiscal
2007 through fiscal 2010. The loss was $8.1 million for

Brown Rudnick LLP serves as counsel to the Debtor.  Saul Ewing LLP
is the co-counsel.


HOLLIFIELD RANCHES: U.S. Trustee Names 3 to Creditors Committee
---------------------------------------------------------------
Robert D. Miller, Jr. ,the United States Trustee for Region 18,
has appointed three creditors to serve as members of the Unsecured
Creditors' Committee in the Chapter 11 case of Hollifield Ranches,
Inc.

The Committee Members are:

(1) Dwight Smith
     Gavilon Grain, dba Peavey Co.
     11 ConAgra Drive, MS 11-160
     Omaha, NE 68102
     Tel: (402) 889-4117
     Fax: (402) 221-0348
     E-mail: dwight.smith@gavilon.com

(2) Arthur Baily
     Baily's Garage
     4034 E. 3800 N.
     Hansen, ID 83334
     Tel: (208) 423-5083

(3) Clint Schnoor
     Argi-Service, Inc.
     P.O. Box 285
     Twin Falls, ID 83303-0285
     Tel: (208) 734-7772
     Fax: (208) 734-7775
     E-mail: clintschnoor@agri-service.com

Hansen, Idaho-based Hollifield Ranches, Inc., filed for Chapter 11
bankruptcy protection on September 9, 2010 (Bankr. D. Idaho Case
No. 10-41613).  Brent T. Robinson, Esq., in Rupert, Idaho, assists
the Debtor in its restructuring effort.  The Debtor estimated its
assets and debts at $10 million to $50 million as of the Petition
Date.


IMPERIAL CAPITAL: Unsecured Creditors Object to KMPG Appointment
----------------------------------------------------------------
BankruptcyData.com reports that Imperial Capital Bancorp's
official committee of unsecured creditors filed with the U.S.
Bankruptcy Court an objection to the Debtors' request to hire KPMG
Corporate Finance as investment banker.

The Creditors Committee said in a court filing, "KPMG's retention
would result not only in unnecessary fees being incurred in this
chapter 11 case, but also in increased administrative and other
professional fees as a result of unnecessarily prolonging these
proceedings.  In addition, distributions to creditors will be
unnecessarily diminished and delayed by the Debtor's pursuit of an
elusive 'white knight.'  Instead of gambling with estate assets by
retaining KPMG, the Debtor should focus on confirming a plan of
liquidation that is acceptable to creditors and making prompt
distributions to creditors."

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


INTELSAT SA: Posts $106.4-Mil. Net Loss in Third Quarter
--------------------------------------------------------
Intelsat S.A. reported revenue of $644.3 million and a net loss of
$106.4 million for the three months ended September 30, 2010.  The
Company also reported Intelsat S.A. EBITDAi, or earnings before
net interest, loss on early extinguishment of debt, taxes and
depreciation and amortization, of $478.1 million, and Intelsat
Luxembourg Adjusted EBITDAi of $506.0 million for the three months
ended September 30, 2010.

Intelsat CEO Dave McGlade stated, "[The]report, with solid revenue
growth of 4.3 percent in the third quarter of 2010, as compared to
the third quarter of 2009, is in line with our previous
indications that we expected to achieve a higher revenue growth
profile in the second half of 2010. Extending the trends of the
past several quarters, strong performance in our government
business outpaced that of our network services and media
businesses."

Mr. McGlade continued, "We remain focused on increasing the value
of our video neighborhoods, and on executing our business
strategies with respect to growing applications, such as maritime
and government, among others.  We are successfully maintaining our
strong contracted backlog, with pre-commitments from customers for
capacity on soon to be launched satellites contributing to our
$9.3 billion backlog at September 30, 2010, and providing
visibility and stability of future cash flows."

The Company's balance sheet at $17.34 billion in total assets,
$814.64 total current liabilities, $15.22 billion in deferred
satellite performance incentives, $128.77 million in deferred
revenue, $254.64 million in deferred income taxes, $548.72 million
in accrued retirement benefits, $239.87 million in other long-term
liabilities, $335.16 million in redeemable noncontrolling
interest, $8.88 million in commitments and contingencies, and a
stockholder's deficit of $210.76 million.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6e06

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6e07

                        About Intelsat S.A.

Based in Luxembourg, Intelsat S.A. provides fixed satellite
services worldwide.  Its unit Intelsat Corporation, --
http://www.intelsat.com/-- formerly known as PanAmSat
Corporation, is a global provider of video, corporate, Internet,
voice and government communications services with a fleet of 25
satellites in-orbit.

Intelsat S.A.'s balance sheet at June 30, 2010, showed
US$17.34 billion in total assets, US$814.64 million in total
current liabilities, US$15.22 billion in long term debt,
US$128.77 million in deferred revenue, US$254.63 million in
deferred satellite performance, US$548.71 million in deferred
income taxes, US$239.87 million in accrued retirement benefits,
a US$335.15 million redeemable non-controlling interest,
US$8.88 million commitment and contingencies, and a stockholders'
deficit of US$210.76 million.

Intelsat S.A. reported revenue of US$635.3 million and a net loss
of US$180.6 million for the three months ended June 30, 2010.

Intelsat S.A., formerly Intelsat, Ltd., carries a 'Caa1' corporate
family rating from Standard & Poor's.


ISTAR FINANCIAL: Said to Seek Debt Exchange, $2BB Credit Line
-------------------------------------------------------------
IStar Financial Inc. is in talks with creditors about exchanging
debt and lining up as much as $2 billion in new financing to
avoid a bankruptcy filing next year, Jeffrey McCracken and
Jonathan Keehner at Bloomberg News reported, citing three people
with direct knowledge of the matter.

According to the Bloomberg report, the people said that Franklin
Resources Inc., IStar's largest bondholder, is leading one of the
groups offering financing.  The company is also in talks with
Centerbridge Capital Partners LLC as well as other lenders,
including its banks, about potential financing, according to the
people.

IStar may refinance its loans with a new $1 billion to $2 billion
credit line as an alternative to seeking bankruptcy protection,
the people said, according to Bloomberg.

IStar, which is being advised by Lazard, had about $2.8 billion of
non-performing loans as of Sept. 30 and reported that its third-
quarter net loss narrowed to $75.5 million from $248 million a
year earlier.

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

The Company's balance sheet at Sept. 30, 2010, showed
$10.47 billion in total assets, $8.70 billion in total
liabilities, and stockholder's equity of $1.76 billion.

                           *     *     *

iStar carries a 'C' issuer default rating from Fitch Ratings
Services.  Fitch lowered, among other things, the IDR from 'CC' to
'C' in October, noting that there is substantial amount of debt
maturities in the second quarter of 2011, consisting primarily of
a second lien term loan and second lien revolving credit agreement
in aggregate amounting to approximately $1.7 billion, and an
unsecured revolving credit facility of approximately $500 million.
In order to avoid maturity defaults on the second lien obligations
and unsecured revolving credit facility due June 2011, a coercive
debt exchange would need to be effected, whereby the company
negotiates with certain of its debt holders a material reduction
in terms to avert bankruptcy, Fitch said.

In July 2010, Standard & Poor's Ratings Services lowered its long-
term counterparty credit rating on iStar Financial to 'CCC' from
'B-'.  The outlook is negative.  iStar's limited funding
flexibility and the severe credit quality deterioration in its
loan portfolio continue to put negative pressure on the rating,
S&P said.


ISTAR FINANCIAL: Reports $83.5-Mil. Net Loss in 3rd Quarter
-----------------------------------------------------------
iStar Financial Inc. filed its quarterly report on Form 10-Q with
the Securities and Exchange Commission, reporting a net loss
allocable to common shareholders for the 2010 third quarter of
$83.5 million compared to $251.3 million for the third quarter
2009.

The Company's balance sheet at Sept. 30, 2010, showed
$10.47 billion in total assets, $8.70 billion in total
liabilities, and stockholder's equity of $1.76 billion.

Revenues for the third quarter 2010 were $134.4 million versus
$178.2 million for the third quarter 2009.  The year-over-year
decrease is primarily due to a smaller asset base resulting from
loan repayments and sales and a reduction of interest income
resulting from performing loans moving to non-performing status.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6d50

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6e0b

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

                           *     *     *

iStar carries a 'C' issuer default rating from Fitch Ratings
Services.  Fitch lowered, among other things, the IDR from 'CC' to
'C' in October, noting that there is substantial amount of debt
maturities in the second quarter of 2011, consisting primarily of
a second lien term loan and second lien revolving credit agreement
in aggregate amounting to approximately $1.7 billion, and an
unsecured revolving credit facility of approximately $500 million.
In order to avoid maturity defaults on the second lien obligations
and unsecured revolving credit facility due June 2011, a coercive
debt exchange would need to be effected, whereby the company
negotiates with certain of its debt holders a material reduction
in terms to avert bankruptcy, Fitch said.

In July 2010, Standard & Poor's Ratings Services lowered its long-
term counterparty credit rating on iStar Financial to 'CCC' from
'B-'.  The outlook is negative.  iStar's limited funding
flexibility and the severe credit quality deterioration in its
loan portfolio continue to put negative pressure on the rating,
S&P said.


JACKSON 299: Organizational Meeting to Form Panel on Nov. 12
------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on November 12, 2010, at 10:00 a.m.
in the bankruptcy cases of 15-35 Hempstead Properties, LLC, and
Jackson 299 Hempstead, LLC.

The meeting will be held at the United States Trustee's Hearing
Room, Bridge View, 800-840 Cooper Street, Suite 102, Camden, NJ
08102.

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

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

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

15-35 Hempstead Properties, LLC, owns real property at 101
Boardwalk in Atlantic City, New Jersey.  It filed for Chapter 11
bankruptcy protection on October 26, 2010 (Bankr. D. N. J. Case
No. 10-43178).  Albert A. Ciardi, III, Esq., at Ciardi Ciardi &
Astin, P.C., assists 15-35 Hempstead in its restructuring effort.
15-35 Hempstead estimated its assets and debts at $10 million to
$50 million.

Affiliate Jackson 299 Hempstead LLC filed a separate Chapter 11
petition on October 26, 2010 (Bankr. D. N. J. Case No. 10-43180).

Jackson 299 Hempstead, LLC, owns a certain parcel of real property
at 101 Boardwalk in Atlantic City, New Jersey.  It filed for
Chapter 11 bankruptcy protection on October 26, 2010 (Bankr. D.
N.J. Case No. 10-43180).  Albert A. Ciardi, III, Esq., at Ciardi
Ciardi & Astin, P.C., assists Jackson 299 in its restructuring
effort.  Jackson 299 estimated its assets and debts at $10 million
to $50 million.

Affiliate 15-35 Hempstead Properties, LLC, filed a separate
Chapter 11 petition on October 26, 2010 (Bankr. D. N.J. Case No.
10-43178).


JOHN POLK: Case Summary & 19 Largest Unsecured Creditors
--------------------------------------------------------
Joint Debtors: John David Polk, II
                aka John David Polk
                aka John D Polk, II
                aka John Polk, II
                aka John D Polk
                aka J David Polk
                aka John Polk
               Susan Shea Polk
                aka Susan S Polk
                aka Susan Polk
                aka S Shea Polk
               135 Sunset Blvd
               Ladys Island, SC 29907

Bankruptcy Case No.: 10-07967

Chapter 11 Petition Date: November 5, 2010

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

Judge: John E. Waites

Debtor's Counsel: Felix B. Clayton, Esq.
                  P.O. Box 1044
                  Beaufort, SC 29901
                  Tel: (843) 379-9363
                  Fax: (843) 379-9844
                  E-mail: butch@butchclaytonlaw.com

Scheduled Assets: $1,662,178

Scheduled Debts: $4,636,500

A list of the Joint Debtors' 19 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/scb10-07967.pdf


JULIE PALMER: No Stay in Second Small Business Chapter 11 Case
--------------------------------------------------------------
WestLaw reports that no stay arose in a successive small business
Chapter 11 case filed by a debtor less than two years after a
prior small business Chapter 11 case was dismissed based on the
debtor's failure to obtain confirmation of a plan in a timely
fashion.  A federal district court judge in Wisconsin held that
the phrase "case then pending," as used in a bankruptcy statute
providing that the statutory bar against application of the stay
in a successive small business Chapter 11 case does not apply if
the filing of debtor's latest petition was due to circumstances
beyond the control of the debtor not foreseeable when the "case
then pending" was filed, referred to a separate case that was
pending when the second petition was filed.  The statute was
inapplicable where the debtor's prior small business Chapter 11
case had been dismissed and there were no other cases pending as
of commencement of the current case.  Palmer v. Bank of the West,
--- F.Supp.2d ----, 2010 WL 4064810 (E.D. Wis.) (Randa, J.).

Julie M. Palmer commenced a chapter 11 small business debtor case
(Bankr. E.D. Wis. Case No. 09-24622) on Apr. 9, 2009, and filed
her reorganization plan and disclosure statement on Feb. 3, 2010.
Various creditors objected, including Bank of the West.  On Apr.
1, 2010, the bankruptcy court dismissed Ms. Palmer's first
bankruptcy case because she failed to confirm her plan within 45
days of the plan having been filed, as required by 11 U.S.C. Sec.
1129(e).  On April 9, 2010, Ms. Palmer filed a second small
business chapter 11 case (Bankr. E.D. Wis. Case No. 10-25464),
disclosing about $900,000 in assets and $1.5 million in
liabilities.  On Apr. 21, 2010, Ms. Palmer moved to extend the
automatic stay.  Bank of the West objected to the extension.  On
May 6, 2010, the bankruptcy court held a hearing and issued an
oral ruling that the automatic stay in 11 U.S.C. Sec. 362(a) did
not apply to the second bankruptcy case.  The bankruptcy court
entered an order on May 19, 2010, a final order for purposes of
the District Court's appellate jurisdiction under 28 U.S.C. Sec.
158(a).  Because Ms. Palmer's first small business case was
dismissed on Apr. 1, 2010 -- within the two-year period ending on
Apr. 9, 2010, the date of the order for relief in Ms. Palmer's
second case -- the Honorable Rudolph T. Randa says that 11 U.S.C.
362(n)(1)(B) applies to Ms. Palmer's second bankruptcy petition
and renders the automatic stay inapplicable in her second small
business chapter 11 proceeding.

Ms. Palmer is represented by:

         Mark Bromley, Esq.
         Bromley & Nason
         W5838 Greening Road
         Whitewater, WI 53190-4026
         Tel: (262) 495-8530
         E-mail: bromley.mark@gmail.com

Bank of the West is represented by:

         David T.B. Audley, Esq.
         Michael Benz, Esq.
         Chapman & Cutler LLP
         111 West Monroe Street
         Chicago, IL 60603-4080
         Telephone: (312) 845-3000
         E-mail: audley@chapman.com
                 benz@chapman.com

              - and -

         Rebecca H. Simoni, Esq.
         Shay A. Agsten, Esq.
         von Briesen & Roper SC
         411 East Wisconsin Avenue, Suite 700
         Milwaukee, WI 53202
         Telephone: (414) 276-1122
         E-mail: rsimoni@vonbriesen.com
                 sagsten@vonbriesen.com


KILEY RANCH: Wins Nod for Belding Harris as Counsel
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Nevada has granted
Kiley Ranch Communities permission to employ Belding, Harris &
Petroni, Ltd., as its attorneys under a general retainer.

The Bankruptcy Court is satisfied that the firm represents no
interest adverse to the estate and that it is a "disinterested
person" as that term is defined under Sec. 101(14) of the
Bankruptcy Code.

The firm can be reached at:

  Stephen R. Harris, Esq.
  BELDING, HARRIS & PETRONI, LTD.
  417 West Plumb Lane
  Reno, NV  89509
  Tel: (775) 786-7600
  Fax: (775) 786-7764
  E-mail: steve@renolaw.biz

Kiley Ranch Communities is a "live-work community" in progress in
the Spanish Springs Valley of Sparks.

Reno, Nevada-based Kiley Ranch Communities filed for Chapter 11
protection on August 26, 2010 (Bankr. D. Nev. Case No. 10-53393).
In its schedules, the Debtor disclosed $70,534,892 in total assets
and $59,039,258 in total liabilities as of the Petition Date.


KUDZU IMPORT: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Kudzu Import and Design, Inc., a Corporation
          aka Atrium Foliage
        1265 Oakbrook Drive, Building C
        Norcross, GA 30093

Bankruptcy Case No.: 10-93573

Chapter 11 Petition Date: November 5, 2010

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

Judge: Wendy L. Hagenau

Debtor's Counsel: Theodore N. Stapleton, Esq.
                  THEODORE N. STAPLETON, P.C.
                  Suite 1740, Two Paces West
                  2727 Pace Ferry Road
                  Atlanta, GA 30339
                  Tel: (770) 436-3334
                  Fax: (770) 436-5398
                  E-mail: tstaple@tstaple.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-93573.pdf

The petition was signed by Robert Albright, president.


LAND LUBBER: Case Summary & 4 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Land Lubber, LLC
        dba Aquarius Motels
        204 11th Ave North
        Myrtle Beach, SC 29577

Bankruptcy Case No.: 10-07964

Chapter 11 Petition Date: November 5, 2010

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

Judge: John E. Waites

Debtor's Counsel: Michael J. Cox, Esq.
                  MICHAEL J. COX, ATTORNEY AT LAW, LLC
                  6160 St. Andrews Road, Suite 1
                  Columbia, SC 29212
                  Tel: (803) 254-6041
                  E-mail: ecf@michaeljcoxlaw.com

Scheduled Assets: $1,766,500

Scheduled Debts: $334,924

A list of the Company's four largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/scb10-07964.pdf

The petition was signed by George Trakas, Jr., managing member.


LANDAMERICA 1031: Court OKs $95-Mil. Deal with Creditors
--------------------------------------------------------
Richmond Times-Dispatch reports that U.S. Bankruptcy Judge Kevin
R. Huennekens approved a settlement agreement wherein creditors of
LandAmerica 1031 Exchange Services Inc. will receive $95.5 million
under a settlement approved in federal bankruptcy court in
Richmond.  The Judge said the settlement was in the best interest
of the LandAmerica Exchange Services estate.

The report relates that Citigroup Global Markets Inc. will pay
$95.5 million to buy back frozen auction-rate securities that
it sold to the exchange company, which filed for Chapter 11
bankruptcy in November 2008 under the settlement.  The money will
go to customers who had placed money with the exchange company
before it filed for Chapter 11.

Liquidating trustee Gerard A. McHale Jr. said distribution of the
money could begin in the first or second week of December, report
notes.

                   About LandAmerica Financial

LandAmerica Financial Group, Inc., provides real estate
transaction services with offices nationwide and a vast network of
active agents.  LandAmerica and its affiliates operate through
approximately 700 offices and a network of more than 10,000 active
agents throughout the world, including Mexico, Canada, the
Caribbean, Latin America, Europe, and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc., filed for Chapter 11 protection Nov. 26,
2008 (Bankr. E.D. Va. Lead Case No. 08-35994).  Attorneys at
Willkie Farr & Gallagher LLP and McGuireWoods LLP serve as co-
counsel.  Zolfo Cooper is the restructuring advisor.  Epiq
Bankruptcy Solutions serves as claims and notice agent.

Attorneys at Akin Gump Strauss Hauer & Feld LLP and Tavenner &
Beran, PLC, serve as counsel to the Creditors Committee of 1031
Exchange.  Bingham McCutchen LLP and LeClair Ryan serve as counsel
to the Creditors Committee of LFG.

In its bankruptcy petition, LFG listed total assets of
$3,325,100,000, and total debts of $2,839,800,000 as of Sept. 30,
2008.

On March 6, 2009, affiliate LandAmerica Assessment Corporation,
aka National Assessment Corporation, filed its own petition for
Chapter 11 relief.  Affiliate LandAmerica Title Company filed for
for Chapter 11 relief on March 27, 2009.   LandAmerica Credit
Services, Inc., filed for Chapter 11 in July 2009.


LESLIE'S POOLMART: S&P Downgrades Senior Debt Rating to 'B+'
------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its senior
secured debt rating on Leslie's Poolmart Inc. to 'B+' from 'BB-'
and revised the senior secured recovery rating to '2' from '1'.
The '2' recovery rating indicates S&P's expectations for a
substantial (70% to 90%) recovery in the event of a payment
default.  This action follows the company upsizing its senior
secured credit facility by $85 million.

Concurrently, S&P assigned its 'B+' issue-level rating and '2'
recovery rating to the $70 million revolving credit facility.

S&P also affirmed the 'B' corporate credit rating.  The outlook is
stable.

The company intends to use the proceeds of the $310 million term
loan, along with cash on hand, to repay its currently outstanding
$164 million of its 7.75% senior notes at Leslie's, retire
$80 million of its senior notes due in 2017 at the Holdings, and
repurchase the stake of a minority shareholder.

"The rating on Leslie's reflects S&P's expectation that it will
enhance credit metrics over time with better profitability as a
result of new store growth and stable performance at its existing
store base," said Standard & Poor's credit analyst Charles Pinson-
Rose.  Nonetheless, credit metrics will weaken in the near term
due to the addition of debt and S&P believes the financial risk
profile will remain highly leveraged, despite expected
profitability increases.

The additional term loan borrowings will be used to retire about
$80 million of debt (and pay accrued interest) of debt currently
at Leslie's Holdings Inc.  Therefore, total funded debt does not
change materially and leverage ratios are unaffected.  Pro forma
interest costs decrease by approximately $2 million due to the
debt increase, which in S&P's view does not have a meaningful
impact on interest coverage and cash flow ratios.

"The change in the financing structure does not materially affect
anticipated credit ratios since the additional term loan proceeds
will pay down existing debt," said Mr. Pinson-Rose.  "However, the
additional secured debt lowers S&P's anticipated recovery
prospects in the event of a default."

The rating outlook is stable, which incorporates S&P's expectation
that Leslie's will continue to open new stores, modestly increase
profit, and maintain adequate credit protection measures for the
current rating level.  S&P could consider lowering the ratings if
performance trends turn negative, leading to a change in S&P's
assessment of the business profile and weakening of credit ratios
from current levels.  Alternatively, S&P could raise the rating if
the company significantly improves leverage to approximately the
mid-4x area, which would equate to about a 35% increase in EBITDA
with current debt levels.  Given S&P's performance expectations,
S&P feels this could occur in the next two to three years.


LOG LLC: Fidelity Foreclosure Did Not Violate Automatic Stay
------------------------------------------------------------
The Hon. Thomas W. Waldrep, Jr., declines LOG L.L.C.'s invitation
to require The Fidelity Bank to show cause why the automatic stay
provided by Section 362 of the Bankruptcy Code has not been
violated and why Fidelity should not be held in contempt of court.

Fidelity has foreclosed on a real property upon the Debtor's
default on a $550,000 promissory note.  The Note was secured by a
Deed of Trust on the real property, which is owned solely by Marty
and Susan McKenzie.  Marty McKenzie is the sole member and manager
of the Debtor.  Fidelity believes the automatic stay was
inapplicable because the Property is owned solely by non-debtors
and is not property of the estate.

The Bankruptcy Court agrees that the automatic stay does not apply
to Fidelity's foreclosure on the Property.  According to Judge
Waldrep, the Debtor does not list any interest in the Property on
its schedules, and the parties agree that the Property is not
property of the estate.  The Debtor does not assert any ownership
interest in the Property.  The interests of the Debtor in avoiding
a deficiency judgment and in using the Property in its proposed
plan of reorganization are far too attenuated to be protected by
the automatic stay.

A copy of the Court's Memorandum Opinion, dated November 9, 2010,
is available at http://is.gd/gTLo9from Leagle.com.

Based in Pinehurst, North Carolina, LOG, L.L.C., dba Olmsted
Village East, filed for Chapter 11 bankruptcy protection (Bankr.
M.D. N.C. Case No. 10-80378) on March 3, 2010.  Gregory Byrd
Crampton, Esq., at Nicholls & Crampton, P.A., in Raleigh, North
Carolina, serves as the Debtor's bankruptcy counsel.  LOG LLC
estimated $1 million to $10 million in both assets and debts.


LOUIS DI RAIMONDO: Declining Revenues Blamed for Filing
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Louis Di Raimondo Worldwide Investment & Export Corp.
said sales fell to $91,000 a month this year from $140,000 a month
amid the recession.

Louis Di Raimondo filed for Chapter 11 protection on November 2,
2010 (Bankr. S.D. Fla. Case No. 10-43886).  Geoffrey S. Aaronson,
Esq., in Miami Florida, serves as counsel to the Debtor.

The Debtor is the largest manufacturer of hot dog carts in the
U.S.  The Company does business in Miami as All American Hot Dog
Carts and advertises itself as The Hot Dog King.  In its
schedules, the Debtor disclosed assets of $200,600 and liabilities
of $1,961,095 as of the petition date.


MACLIN ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Maclin Enterprises, Inc.
        17031 Westshore Rd
        Stanwood, WA 98292

Bankruptcy Case No.: 10-23422

Chapter 11 Petition Date: November 6, 2010

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

Judge: Marc Barreca

Debtor's Counsel: Olga Rotstein, Esq.
                  TAX ATTORNEY, INC.
                  800 Bellevue Wy NE Ste 400
                  Bellevue, WA 98004
                  Tel: (425) 462-2550
                  E-mail: olga.tax@gmail.com

Scheduled Assets: $794,631

Scheduled Debts: $1,288,861

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/wawb10-23422.pdf

The petition was signed by Justin Hamlin, member.


MANUEL NEVAREZ: Case Summary & 10 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Manuel Perex Nevarez
        Ponce De Leon 450, PH-A
        San Juan, PR 00901

Bankruptcy Case No.: 10-10444

Chapter 11 Petition Date: November 3, 2010

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Carlos E. Rodriguez Quesada, Esq.
                  P.O. Box 9023115
                  San Juan, PR 00902
                  Tel: (787) 724-2867
                  Fax: (787) 724-2463
                  E-mail: cerqlaw@coqui.net

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

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

A list of the Debtor's 10 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/prb10-10444.pdf


MEDICOR LTD: Chapter 11 Plan of Liquidation Confirmed
-----------------------------------------------------
BankruptcyData.com reports that the U.S. Bankruptcy Court signed
an order confirming MediCor's Second Amended Chapter 11 Plan of
Liquidation.

The Plan, as twice amended, provides that net proceeds of the
prior sale of the Debtors' assets will be distributed to certain
holders of allowed claims.  The Plan provides for these terms:

   -- MediCor's prepetition senior lenders owed in excess of
      $57 million will receive the cash, along with their pro rata
      share of certain proceeds of litigation to be pursued by a
      liquidating trustee; and

   -- Holders of allowed general unsecured claims will receive (i)
      $700,000 cash; (ii) an additional $275,000 pursuant to a D&O
      settlement, and; and (iii) certain proceeds of litigation to
      be pursued by the liquidating trustee.

                       About Medicor Ltd.

Headquartered in North Las Vegas, Nevada, MediCor Ltd. --
http://www.medicorltd.com/-- manufactures and markets products
primarily for aesthetic, plastic and reconstructive surgery and
dermatology markets.  The Company and seven of its affiliates
filed for Chapter 11 protection on June 29, 2007 (Bankr. D. Del.
Lead Case No. 07-10877) to effectuate the orderly marketing and
sale of their business.  Dennis A. Meloro, Esq., and Victoria
Watson Counihan, Esq., at Greenberg Traurig, LLP, represent the
Debtors' as Delaware counsel.  The Debtors engaged Alvarez &
Marsal North America, LLC as their restructuring advisor.  David
W. Carickhoff, Jr., Esq., at Blank Rome LLP represents the
Official Committee of Unsecured Creditors as counsel.  In its
schedules of assets and debts, MediCor Ltd. disclosed total assets
of $96,553,019, and total debts of $158,137,507.


MEXICANA AIRLINES: Bankruptcy Court Grants Ch. 15 Protection
------------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York on Monday granted Chapter 15 bankruptcy
recognition to Compania Mexicana de Aviacion SA de CV.

The U.S. court entered an order recognizing the proceedings in
Mexico as the "foreign main proceeding," after, according to
Bankruptcy Law 360, the Mexican airline resolved a dispute over
fees owed to a group of U.S. airports and federal agencies.

According to Bill Rochelle, the bankruptcy columnist for Bloomberg
News, with exceptions carved out by the bankruptcy judge,
recognition means that the Mexican court has the primary authority
to reorganize the airline.

Mr. Rochelle adds that the order signed by Judge Glenn lays out
ground rules allowing aircraft owners to repossess aircraft and
engines.  Likewise, airport authorities are free to terminate
leases with Mexicana and stop providing services if Mexicana
doesn't pay debts arising after bankruptcy, according to the
report.

Mr. Rochelle notes that if an airport decides to continue doing
business, Monday's order requires Mexicana to pay within seven
days.  Similarly, specified suppliers are not required to continue
providing goods and services unless the airline pays for
everything delivered after bankruptcy and pays in the future
within seven days.

Mexicana says it will perform in full under interline agreements
and clearing house agreements with the air transport association.

                    About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana. Two
other units are Aerovias Caribe S.A. de C.V. (Mexicana Click) and
Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than
US$1 billion.  William C. Heuer, Esq., at Duane Morris LLP, serves
as counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings


MEXICANA AIRLINES: Unions Get US$154 Million Offer to Save Company
------------------------------------------------------------------
Compania Mexicana de Aviacion or Mexicana Airlines may return to
the skies in December if unions and other creditors accept a
MXN1.9 billion (US$154 million) proposal to rescue the bankrupt
airline, Crayton Harrison at Bloomberg News reports.

According to Bloomberg, Humberto Trevino, deputy minister of
transportation, said that PC Capital SAPI, a Mexican private
equity firm, is offering the unions MXN975 million in cash and
would arrange a 7-year, MXN926 million loan paying monthly
interest to the workers.  The unions would get an equity stake in
exchange for the remaining MXN2.85 billion Mexicana owes them, he
added, Bloomberg says.

Mexicana would return with 28 planes, flying 17 international
routes to the U.S. and Central America and seven domestic
services, Mr. Trevino told the news agency in a phone interview.
Creditors including Grupo Financiero Banorte SAB and Mexican
development bank Banco Nacional de Comercio Exterior SNC view the
proposal favorably, as does the government, he added, according to
Bloomberg.

"The unions would be getting compensation more than double what
they would receive if Mexicana were to be liquidated," Bloomberg
quoted Mr. Trevino as saying.

PC Capital, led by managing directors Pablo Coballasi and Pablo
Cervantes, would retain 35 percent of Mexicana's pre-bankruptcy
workforce, Mr. Trevino said, Bloomberg notes.

                     About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana. Two
other units are Aerovias Caribe S.A. de C.V. (Mexicana Click) and
Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than US$1
billion.  William C. Heuer, Esq., at Duane Morris LLP, serves as
counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings
Bankruptcy Creditors' Service, Inc., publishes Mexicana Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 proceedings
and the ancillary proceedings undertaken by Compania Mexicana de
Aviacion and its units.  (http://bankrupt.com/newsstand/or
215/945-7000).


MILACRON INC: Wants Case Converted to Chapter 7 Liquidation
-----------------------------------------------------------
BankruptcyData.com reports that Milacron Inc. and its units are
asking the U.S. Bankruptcy Court to enter an order converting
their Chapter 11 reorganization cases to Chapter 7 liquidation
status.

Milacron says the only issue that remains outstanding is the
Debtors' interest in real property located in Charlevoix, MI.  The
Debtors have attempted to sell the property, without success.  At
this time, the Debtors do not believe continued marketing of the
property by the estate or using estate assets to pursue other
sales methods will result in a positive return on investment.

                         About Milacron Inc.

Headquartered in Batavia, Ohio, Milacron Inc. (Pink Sheets: MZIAQ)
supplies plastics-processing technologies and industrial fluids,
with major manufacturing facilities in North America, Europe and
Asia.  First incorporated in 1884, Milacron also manufactures
synthetic water-based industrial fluids used in metalworking
applications.

The Company and six of its affiliates filed for chapter 11
protection (Bankr. S.D. Ohio Case No. 09-11235) on March 10, 2009.
On the same day, the Company filed an ancillary proceeding for
reorganization of its Canadian subsidiary under the Companies'
Creditors Arrangement Act in the Ontario Superior Court of Justice
in Canada.  The petitions include the Company and its U.S. and
Canadian subsidiaries and its non-operating Dutch holding company
subsidiary only, and do not include any of the Company's operating
subsidiaries outside the U.S. and Canada.

Kim Martin Lewis, Esq., Tim J. Robinson, Esq., and Patrick D.
Burns, Esq., at Dinsmore & Shohl LLP, represent the Debtors in
their restructuring efforts.  Conway, Del Genio, Gries Co., LLC,
is the Debtors' financial advisor.  Rothschild Inc. is the
Debtors' investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the noticing, balloting and disbursing agent
for the Debtors.  Paul, Hastings, Janofsky & Walker LLP,
represents DIP Lender General Electric Capital Corp.  Timothy J.
Hurley, Esq., and W. Timothy Miller, Esq., at Taft Stettinius &
Hollister LLP serve as counsel for the Official Committee of
Unsecured Creditors.

At September 30, 2008, the Company's balance sheet showed
$586.1 million in assets and $648.5 million in debts.

On August 21, 2009, the Company completed a sale of substantially
all of its assets to Milacron LLC, a company formed by affiliates
of Avenue Capital Group, certain funds and accounts managed by DDJ
Capital Management LLC and certain other entities that held
roughly 93% of the Company's 11.5% Senior Secured Notes.  Milacron
Inc. asked the Bankruptcy Court to change its name to MI 2009 Inc.
following the asset sale.


MINOR FAMILY: U.S. Trustee Forms Six-Member Creditors Committee
---------------------------------------------------------------
W. Clarkson McDow, Jr., the U.S. Trustee for Region 4 appointed
six members to the official committee of unsecured creditors in
the Chapter 11 cases of Minor Family Hotels, LLC.

The Creditors Committee members are:

1. Mark Anderson
   Mark G. Anderson Consultants, Inc.
   730 Eleventh Street, NW
   Washington, DC 20001

2. Michael Swarz
   eClaris, Inc.
   99 Pasadena Ave, Building 10
   South Pasadena, CA 91030

3. Aileen Schwartz
   Hill International, Inc.
   303 Lippincott Centre
   Marlton, NJ 08053

4. Randy Burkett
   Randy Burkett Lighting Design, Inc.
   609 E. Lockwood Ave., Suite 201
   St. Louis, MO 63119

5. Frank J. Becker
   GHT Limited
   1010 N. Glebe Road, Suite 200
   Arlington, VA 22201-4749

6. Russell Stilwell
   Next Step Design
   1116 West Street, Suite C
   Annapolis, MD 21401

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

Charlottesvile, Virginia-based Minor Family Hotels, LLC, is the
owner of the Landmark Hotel project in downtown Charlottesville,
Virginia.  Minor Family filed for Chapter 11 bankruptcy protection
on September 1, 2010 (Bankr. W.D. Va. Case No. 10-62543).
Benjamin Webb King, Esq., at Woods Rogers Hazlegrove, serves as
bankruptcy counsel.  Minor Family estimated assets and debts at
$10 million to $50 million in its Chapter 11 petition.


MOBILE MINI: S&P Assigns 'B+' Rating to $200 Mil. Senior Notes
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it has assigned its
'B+' rating to Mobile Mini Inc.'s proposed $200 million senior
unsecured notes (one notch below the corporate credit rating) with
a '5' recovery rating.  The '5' recovery rating indicates S&P's
expectations of a modest (10%-30%) recovery in a payment default
scenario.  S&P expects the company will use proceeds from the new
notes to redeem its existing $200 million senior unsecured notes,
after which S&P expects to withdraw its ratings on the notes.

The ratings on Mobile Mini reflect its aggressive financial
profile and exposure to cyclicality in certain end markets.  The
company's leading market position and its ability to significantly
curtail capital spending in periods of weak demand somewhat offset
these weaknesses.

                           Ratings List

                         Mobile Mini Inc.

        Corporate Credit Rating                 BB-/Stable

                            New Rating

                         Mobile Mini Inc.

            $200 mil. sr. unsecd notes             B+
             Recovery rating                       5


MYLAN INC: S&P Assigns 'BB-' Rating to $800 Mil. Senior Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'BB-'
rating on Canonsburg, Pa.-based generic drug giant Mylan Inc.'s
proposed $800 million of senior notes, to be issued in two
maturities.  At the same time, S&P has raised the senior secured
rating on Mylan's secured term loans and revolving credit facility
to 'BBB-' from 'BB+' with the recovery rating upgraded to '1'
indicating an expectation of very high recovery (90%-100%) in
light of the substantial reduction in secured borrowings.  The
rating outlook is stable.

"The ratings on Mylan reflect the company's still-significant debt
burden incurred to fund the 2007 acquisition of Merck KGaA's
largely European generic drug business and $2.0 billion in debt
maturities through 2014," said Standard & Poor's credit analyst
David Lugg.  Mylan's position as the No. 3 company in the growing
generics market, where size and geographic reach are increasingly
important competitive factors, partly offsets those factors.
Also, S&P believes debt will continue to decline, given Mylan's
increasing cash generation.  S&P believes this deleveraging and
continued solid operational performance will facilitate any
refinancing needed to address the upcoming maturities.

The global generic drug industry is highly competitive, with lower
barriers to entry than the branded drug industry.  Demand for
these lower-cost alternatives reflects the increasing pressure on
payers and governments worldwide to control rising drug costs.
Also, the record number of patent expirations expected in 2011-
2013 will expand the range of generic drugs available, while
creating the opportunity for significant but temporary outsized
profits for those who are the first to launch generic versions.
The recently enacted "Affordable Care Act" is, in S&P's opinion, a
modest positive for the industry, because more patients will have
insurance, and the provision limiting marketing arrangements
between branded and generic drug manufacturers was dropped.  The
language in the bill providing for a minimum of 12 years of market
exclusivity for biotechnology is a mild negative for the still-
young generic biotechnology market; S&P therefore expects the
industry to grow at a double-digit rate for the next several
years.

Mylan's satisfactory business risk profile is highlighted by its
position as the world's third-largest generic drug company in
terms of sales, with 12-month sales of $5.4 billion for the period
ended Sept. 30, 2010.  Its diverse generic drug portfolio
contributes about 90% to its revenues with the balance derived
from specialty pharmaceutical business primarily serving the
respiratory and severe allergy markets.  The purchase of Bioniche
Pharma Group expanded Mylan's product offerings into injectible
drugs -- a fast-growing and defensible sector of the overall
generic market.


NICOLE BAKER: Case Summary & 6 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Nicole M Baker
        13 Woodshire Estates
        Bolton Landing, NY 12814

Bankruptcy Case No.: 10-14132

Chapter 11 Petition Date: November 3, 2010

Court: United States Bankruptcy Court
       Northern District of New York (Albany)

Debtor's Counsel: Richard Croak, Esq.
                  314 Great Oaks Blvd.
                  Albany, NY 12203
                  Tel: (518) 690-4410
                  Fax: (518) 690-4435
                  E-mail: rcroak@richardcroak.com

Scheduled Assets: $1,276,230

Scheduled Debts: $1,481,598

A list of the Debtor's six largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nynb10-14132.pdf

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Arthur L. Baker                        10-11882   05/18/10


NORTHERN OUTER: Court Denies Confirmation of Chapter 11 Plan
------------------------------------------------------------
The Hon. Randy D. Doub denies confirmation of the Chapter 11
of Reorganization filed on May 20, 2010, by The Northern Outer
Banks Associates, LLC, for failure to satisfy the requirements of
11 U.S.C. Sec. 1129.  Judge Doub says the Plan's treatment of the
claim of Wells Fargo Bank, National Association, is not fair and
equitable.

Wells Fargo is the holder of a 2007 promissory note for $2,250,000
executed by both the Debtor and Bruce S. Pollak, its managing
member.  As of the Petition Date, the balance due under the terms
of the Note was $2,101,508.71, exclusive of attorneys' fees and
costs.  The Note is in default.

The Debtor's Plan of Reorganization dated May 20, 2010, proposes
for the Debtor to retain possession and control of a real property
for an 18-month period for the purpose of marketing and possible
sale of the Real Property. The Plan provides that during the
Marketing Period the Debtor need not make any payments to Wells
Fargo but that interest would accrue at 3.5%.  Should the Debtor
fail to consummate a sale of the Real Property during the
Marketing Period, the Plan proposes that Wells Fargo be required
to amortize the balance due on the Note due at the expiration of
that period over 20 years at an interest rate of 3.5% with a five-
year call.  The Plan does not propose any distributions to
unsecured creditors until such time as the Real Property is sold.
The Plan fails to address whether any payments will be made to
unsecured creditors if the Real Property is not sold within the
Marketing Period.

Wells Fargo asserts it is undersecured, saying the property is
valued at $1,910,000.  Wells Fargo has objected to the Plan.

Judge Doub says the Court's finding does not mean a plan that
proposes negative amortization is "per se" not fair and equitable.
Plans proposing negative amortization with different circumstances
and plan terms may be considered fair and equitable.  However,
this Plan treatment of Wells Fargo does not pass the fair and
equitable test.

A copy of the Court's Order Denying Plan Confirmation is available
at http://is.gd/gV4MEfrom Leagle.com.

The Northern Outer Banks Associates, LLC, owns real estate
consisting of roughly 5.35 acres of undeveloped property, located
at 6195 Croatan Highway, Southern Shores, North Carolina.  It
filed for chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case
No. 10-01292) on February 19, 2010.  The Debtor designated itself
as a single asset real estate entity, as defined under 11 U.S.C.
Sec. 101(51B) of the Bankruptcy Code.  George M. Oliver, Esq., at
Oliver & Friesen, PLLC, serves as counsel to the Debtor.
According to its schedules, the Company has assets of $3,786,230,
and liabilities of $2,702,315.


NORTHERN OUTER: Court Pegs Value of Real Property at $1.9MM
-----------------------------------------------------------
The Hon. Randy D. Doub, at the behest of Wells Fargo Bank,
National Association, finds that the value of The Northern Outer
Banks Associates, LLC's real estate consisting of roughly 5.35
acres of undeveloped property, located at 6195 Croatan Highway,
Southern Shores, North Carolina, is $1,900,000.

In coming up with the number, the Court considered evidence of
appraisals, expert testimony, testimony of the parties, tax
values, sales of similar property, as well as other factors such
as the time the Real Property has been actively listed on the
market, the undeveloped and unimproved state of the collateral,
the qualifications of the appraisers, the current economic climate
and the state of the real estate market.

As a result of the valuation, the Court says Wells Fargo's claim
is divided into secured and unsecured components. The secured
portion of the claim is limited to $1,900,000, leaving Wells Fargo
with an unsecured claim for $201,508.

Wells Fargo is the holder of a 2007 promissory note for $2,250,000
executed by both the Debtor and Bruce S. Pollak, its managing
member.  As of the Petition Date, the balance due under the terms
of the Note was $2,101,508.71, exclusive of attorneys' fees and
costs.  The Note is in default.

The Debtor's Plan of Reorganization dated May 20, 2010, proposes
for the Debtor to retain possession and control of a real property
for an 18-month period for the purpose of marketing and possible
sale of the Real Property. The Plan provides that during the
Marketing Period the Debtor need not make any payments to Wells
Fargo but that interest would accrue at 3.5%.  Should the Debtor
fail to consummate a sale of the Real Property during the
Marketing Period, the Plan proposes that Wells Fargo be required
to amortize the balance due on the Note due at the expiration of
that period over 20 years at an interest rate of 3.5% with a five-
year call.  The Plan does not propose any distributions to
unsecured creditors until such time as the Real Property is sold.
The Plan fails to address whether any payments will be made to
unsecured creditors if the Real Property is not sold within the
Marketing Period.

Wells Fargo asserts it is undersecured, saying the property is
valued at $1,910,000.

A copy of the Court's valuation order dated November 8 is
available at http://is.gd/gU0qIfrom Leagle.com.

The Northern Outer Banks Associates, LLC, owns real estate
consisting of roughly 5.35 acres of undeveloped property, located
at 6195 Croatan Highway, Southern Shores, North Carolina.  It
filed for chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case
No. 10-01292) on February 19, 2010.  The Debtor designated itself
as a single asset real estate entity, as defined under 11 U.S.C.
Sec. 101(51B) of the Bankruptcy Code.  George M. Oliver, Esq., at
Oliver & Friesen, PLLC, serves as counsel to the Debtor.
According to its schedules, the Company has assets of $3,786,230,
and liabilities of $2,702,315.


NORTHERN OUTER: Court Lifts Automatic Stay for Wells Fargo
----------------------------------------------------------
The Hon. Randy D. Doub terminates the automatic stay in the
bankruptcy case of The Northern Outer Banks Associates, LLC, at
the behest of Wells Fargo Bank, National Association.  The judge
holds that the Debtor is unable to make payments to Wells Fargo
and has failed to present any evidence that its members are able
or willing to infuse capital into the Debtor.  The Debtor failed
to present any evidence of post-petition financing opportunities.
Without such evidence, the Debtor cannot establish that an
effective reorganization can be commenced within a reasonable
time.

Wells Fargo is the holder of a 2007 promissory note for $2,250,000
executed by both the Debtor and Bruce S. Pollak, its managing
member.  As of the Petition Date, the balance due under the terms
of the Note was $2,101,508.71, exclusive of attorneys' fees and
costs.  The Note is in default.

The Debtor's Plan of Reorganization dated May 20, 2010, proposes
for the Debtor to retain possession and control of a real property
for an 18-month period for the purpose of marketing and possible
sale of the Real Property. The Plan provides that during the
Marketing Period the Debtor need not make any payments to Wells
Fargo but that interest would accrue at 3.5%.  Should the Debtor
fail to consummate a sale of the Real Property during the
Marketing Period, the Plan proposes that Wells Fargo be required
to amortize the balance due on the Note due at the expiration of
that period over 20 years at an interest rate of 3.5% with a five-
year call.  The Plan does not propose any distributions to
unsecured creditors until such time as the Real Property is sold.
The Plan fails to address whether any payments will be made to
unsecured creditors if the Real Property is not sold within the
Marketing Period.

Wells Fargo asserts it is undersecured, saying the property is
valued at $1,910,000.

A copy of the Court's order dated November 8 is available at
http://is.gd/gT7MJfrom Leagle.com.

The Northern Outer Banks Associates, LLC, owns real estate
consisting of roughly 5.35 acres of undeveloped property, located
at 6195 Croatan Highway, Southern Shores, North Carolina.  It
filed for chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case
No. 10-01292) on February 19, 2010.  The Debtor designated itself
as a single asset real estate entity, as defined under 11 U.S.C.
Sec. 101(51B) of the Bankruptcy Code.  George M. Oliver, Esq., at
Oliver & Friesen, PLLC, serves as counsel to the Debtor.
According to its schedules, the Company has assets of $3,786,230,
and liabilities of $2,702,315.


ORLEANS HOMEBUILDERS: George Casey to Lead Post-Emergence
---------------------------------------------------------
Orleans Homebuilders, Inc. disclosed that George E. Casey, Jr. has
been selected to lead the Company as it completes its financial
reorganization and emerges from Chapter 11, targeted for year-end.
Mr. Casey will function initially as a special advisor to the
Chief Restructuring Officer until the new board of directors is
elected.

"We have conducted an exhaustive search for the right leadership
for Orleans, and we're extremely pleased that George Casey has
accepted the new leadership position," said Mitchell B. Arden,
Senior Managing Director and Shareholder of Phoenix Management,
who has been serving as Orleans' Chief Restructuring Officer.
"George has a tremendous career in homebuilding across the
country, much of it in our own markets.  He thoroughly understands
the issues, the environment, and what it takes to make Orleans
successful.  Upon emergence from Chapter 11, the new board of
directors will name him Chief Executive Officer.  The sponsors of
our Plan of Reorganization fully support George's appointment."

Mr. Casey, 64, has devoted his entire career to real estate and
homebuilding. During the mid-1980s, he rose to the position of
senior vice president with Toll Brothers and was responsible for
creating new homebuilding divisions.  He went on to serve as CFO
and Senior Vice President - Operations for Realen Homes, Inc. in
Ambler, PA, during the time when that company was named National
Builder of the Year by Professional Builder Magazine.  Notably, as
a divisional president for The St. Joe Company/Arvida, he was
responsible for the development of Weston, FL, a 10,000-acre
master planned community delivering 1,250 homes annually. He also
served as President and/or CEO of regional homebuilders in Ohio,
the Carolinas, and California, and as General Manager of Verrado,
DMB Associates' 9,000-acre master planned community in Buckeye,
AZ.

Mr. Casey indicated that he is "looking forward to leading the
Company."

Orleans and most of its operating subsidiaries filed voluntary
petitions to commence the Chapter 11 process on March 1, 2010.
The filing did not include certain of the Company's subsidiaries,
including its mortgage services subsidiary, Alambry Funding Inc.,
which provides mortgage brokerage services for customers and
financial institutions, but does not underwrite any customer
mortgages.

Orleans continues to make progress in completing its
reorganization.  Earlier this week, the Court approved the
Company's separation and settlement agreement with former CEO
Jeffrey P. Orleans.  The Company is currently completing its exit
financing negotiations, which it expects to be finalized prior to
its confirmation hearing, which has been rescheduled from Nov. 16
to Nov. 24, 2010.

                      About Orleans Homebuilders

Orleans Homebuilders, Inc. -- aka FPA Corporation, OHB, Parker &
Lancaster, Masterpiece Homes, Realen Homes and Orleans --
develops, builds and markets high-quality single-family homes,
townhouses and condominiums.  From its headquarters in suburban
Philadelphia, the Company serves a broad customer base including
first-time, move-up, luxury, empty-nester and active adult
homebuyers.  The Company currently operates in these 11 distinct
markets: Southeastern Pennsylvania; Central and Southern New
Jersey; Orange County, New York; Charlotte, Raleigh and
Greensboro, North Carolina; Richmond and Tidewater, Virginia;
Chicago, Illinois; and Orlando, Florida.  The Company's Charlotte,
North Carolina operations also include adjacent counties in South
Carolina.  Orleans Homebuilders employs approximately 300 people.

The Company filed for Chapter 11 bankruptcy protection on March 1,
2010 (Bankr. D. Del. Case No. 10-10684).  Cahill Gordon & Reindell
LLP is the Debtor's bankruptcy and restructuring counsel.  Curtis
S. Miller, Esq., and Robert J. Dehney, Esq., at Morris, Nichols,
Arsht & Tunnell, are the Debtor's Delaware and restructuring
counsel.  Blank Rome LLP is the Debtor's special corporate
counsel.  Garden City Group Inc. is the Debtor's claims and notice
agent.  The Company estimated assets and debts at $100 million to
$500 million.


ORLEANS HOMEBUILDERS: Wins Plan Exclusivity Until Nov. 26
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Orleans Homebuilders Inc. received an extension of
the exclusive right to propose a plan until Nov. 26, in case its
proposed Chapter 11 plan isn't approved at the Nov. 16
confirmation hearing.

According to the report, the bankruptcy judge on Nov. 8 also
approved a settlement where Chairman and Chief Executive Jeffrey
P. Orleans will receive $700,000 cash to resign and waive claims.

The Debtor has filed a plan that will give stock and new secured
debt to revolving credit lenders owed $234 million.  Unsecured
creditors are to receive recoveries from lawsuits and a sharing in
proceeds from sales of properties after secured debt is paid.
Revolving credit lenders will recover between 67% and 87% if they
vote in favor of the plan.  Unsecured creditors should see between
3.4% and 5.25% if they vote "yes" as a class.  The plan reduces
debt from more than $400 million to less than $200 million.

                    About Orleans Homebuilders

Orleans Homebuilders, Inc. -- aka FPA Corporation, OHB, Parker &
Lancaster, Masterpiece Homes, Realen Homes and Orleans --
develops, builds and markets high-quality single-family homes,
townhouses and condominiums.  From its headquarters in suburban
Philadelphia, the Company serves a broad customer base including
first-time, move-up, luxury, empty-nester and active adult
homebuyers.  The Company currently operates in these 11 distinct
markets: Southeastern Pennsylvania; Central and Southern New
Jersey; Orange County, New York; Charlotte, Raleigh and
Greensboro, North Carolina; Richmond and Tidewater, Virginia;
Chicago, Illinois; and Orlando, Florida.  The Company's Charlotte,
North Carolina operations also include adjacent counties in South
Carolina.  Orleans Homebuilders employs approximately 300 people.

The Company filed for Chapter 11 bankruptcy protection on March 1,
2010 (Bankr. D. Del. Case No. 10-10684).  Cahill Gordon & Reindell
LLP is the Debtor's bankruptcy and restructuring counsel.  Curtis
S. Miller, Esq., and Robert J. Dehney, Esq., at Morris, Nichols,
Arsht & Tunnell, are the Debtor's Delaware and restructuring
counsel.  Blank Rome LLP is the Debtor's special corporate
counsel.  Garden City Group Inc. is the Debtor's claims and notice
agent.  The Company estimated assets and debts at $100 million to
$500 million.


PAPERWEIGHT DEVELOPMENT: Posts $3.87MM Net Loss in Oct. 3 Quarter
-----------------------------------------------------------------
Paperweight Development Inc. filed its quarterly report on Form
10-Q, reporting a net loss of $3.87 million on $214.87 million on
net sales for the three months ended Oct. 3, 2010, compared with
net income of $31.44 million on $195.75 million of net sales for
the three months ended Oct. 4, 2010.

The Company's balance sheet at Sept. 30, 2010, showed
$705.64 million in total assets, $164.22 million in total current
liabilities, $525.83 million in long-term debt, $50.58 million
in postretirement benefits, $89.43 million in accrued pension,
$6.08 million in other long-term liabilities, and a stockholder's
deficit of $99.63 million.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6e0c

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6e0d

                        About Appleton Papers

Appleton Papers Inc. is a 100%-owned subsidiary of Paperweight
Development Corp.  Appleton Papers Inc. --
http://www.appletonideas.com/-- headquartered in Appleton,
Wisconsin, produces carbonless, thermal, security and performance
packaging products.  Appleton has manufacturing operations in
Wisconsin, Ohio, Pennsylvania, and Massachusetts, employs
approximately 2,200 people and is 100% employee-owned.

The Company's balance sheet at June 30, 2010, showed
$780.89 million in total assets, $165.17 million in total current
liabilities, $582.02 million in long-term debt, $50.58 million in
postretirement benefits other than pension, $103.31 million in
accrued pension, $5.74 million in other long-term liabilities, and
$114.378 million in redeemable common stock.

Appleton Papers carries a 'B' corporate credit rating from
Standard & Poor's.


PATRICK JOHNSON: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Joint Debtors: Patrick William Johnson
                 aka Patrick Wm. Johnson
                 aka Patrick Johnson
               Pamela Marie Johnson
                 aka Pamela M. Johnson
                 aka Pamela Johnson
               12715 De Forrest
               Houston, TX 77066

Bankruptcy Case No.: 10-40172

Chapter 11 Petition Date: November 4, 2010

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

Judge: Jeff Bohm

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

Estimated Assets: $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.


PETROS ANDRIOPOULOS: Can Hire Michael Davis as Bankruptcy Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized Petros E. Andriopoulos to employ Michael J. Davis,
Esq., as counsel.

Mr. Davis is expected to represent the Debtor in the Chapter 11
proceedings.

To the best of the Debtor's knowledge, Mr. Davis is a
?disinterested person? as that term is defined in Section 101(14)
of the Bankruptcy Code.

Mr. Davis can be reached at:

     Michael J. Davis, Esq.
     Springer, Brown, Covey, Gaertner & Davis, L.L.C.
     400 S. Country Farm Rd., Suite 330
     Wheaton, IL 60187
     Tel: (630) 510-0000

                    About Petros E. Andriopoulos

Aurora, Illinois-based Petros E. Andriopoulos filed for Chapter 11
bankruptcy protection on September 1, 2010 (Bankr. N.D. Ill. Case
No. 10-39482).  The Debtor disclosed $19,803,050 in assets and
$12,500,854 in liabilities as of the Petition Date.


PETROS ANDRIOPOULOS: Court Fixes November 29 as Claims Bar Date
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
has established November 29, 2010, as the deadline for any
individual or entity to file proofs of claim against Petros E.
Andriopoulos.

Claims of any governmental unit are due 180 days after the order
for relief.

All claims must be filed electronically or at this address:

     Clerk of the U.S. Bankruptcy Court
     219 South Dearborn Street, Room 713
     Chicago, IL 60604

Aurora, Illinois-based Petros E. Andriopoulos filed for Chapter 11
bankruptcy protection on September 1, 2010 (Bankr. N.D. Ill. Case
No. 10-39482).  Michael J. Davis, Esq., at Springer, Brown, Covey,
Gaetner & Davis, assists the Debtor in its restructuring effort.
According to its schedules, the Debtor disclosed $19,803,050 in
total assets and $12,500,854 in total liabilities as of the
Petition Date.


POINT BLANK: Equity Committee Says It Has Rival Plan
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the official committee of shareholders in the Chapter
11 case of Point Blank Solutions Inc. says stockholders have
worked out a "fully funded plan of reorganization" that will serve
creditors better than a sale of the business.  The committee said
in a Nov. 5 court filing that it also has a "fully funded
alternative financing facility" to take over if existing lenders
don't extend their loan beyond the year's end.  The equity
committee is therefore opposing an amendment to the loan agreement
which would require selling the business on a fast track.  The
equity committee didn't provide details on its plan or financing.

                         About Point Blank

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

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a
$185 million fraud.

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

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  The Equity Committee has tapped Morrison
Cohen LLP, and The Bayard, P.A., as counsel.  Robert M. Hirsh,
Esq., and Heike M. Vogel, Esq., at Arent Fox LLP, serve as counsel
to the Creditors Committee, and Frederick B. Rosner, Esq., and
Brian L. Arban, Esq., at Messana Rosner & Stern LLP, serve as co-
counsel.


PRESIDIO INC: S&P Assigns 'B+' Corporate Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services said it assigned a preliminary
'B+' corporate credit rating to Greenbelt, Maryland-based Presidio
Inc.  The outlook is stable.

At the same time, S&P assigned a preliminary 'B+' rating to the
company's proposed $300 million senior secured term loan, with a
preliminary recovery rating of '4', indicating S&P's expectation
for average (30%-50%) recovery in the event of a payment default.
Presidio intends to use total debt proceeds, which are likely to
include a partial draw-down under a $150 million accounts
receivable securitization facility (currently unrated), to
refinance existing debt, pay a dividend to shareholders, and for
general corporate purposes.

"The rating reflects Presidio's narrow market focus, leveraged
financial profile, and S&P's view that the company's private-
equity ownership structure is likely to preclude sustained debt
reduction," explained Standard & Poor's credit analyst Martha
Toll-Reed.

With fiscal 2010 revenues of approximately $1 billion, Presidio
provides professional and managed services, focused on data
networking, data center virtualization, collaboration, and network
security.  Presidio has expanded rapidly since its founding in
2003 through a combination of organic growth and acquisitions.
The company's geographic presence is limited to east of the
Mississippi (plus Texas and Oklahoma).  However, Presidio does not
have any significant customer concentration.  While its revenue
base includes the resale of hardware and related products, less
than half of the company's revenue base and the bulk of operating
earnings derive from its project-based services, ranging from
solution design, implementation, and testing through remote
network monitoring.


QOC I: Files Schedules of Assets and Liabilities
------------------------------------------------
QOC I, LLC filed with the U.S. Bankruptcy Court for the Southern
District of Florida its schedules of assets and liabilities,
disclosing:

     Name of Schedule               Assets        Liabilities
     ----------------            ------------    ------------
  A. Real Property                         $0
  B. Personal Property           $166,849,422
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $138,381,710
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $52,276
                                  -----------    ------------
        TOTAL                    $166,849,422    $138,433,986

A copy of the schedules is available for free at:

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

                       About QOC I LLC

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

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


R.D. MARINA: Asks for Authority to Use $1-Mil. of Cash Collateral
-----------------------------------------------------------------
R.D. Marina, LLC, et al., seek authority from the Hon. Catherine
Peek McEwen of the U.S. Bankruptcy Court for the Middle District
of Florida to use approximately $1,057,329 of the cash collateral
securing their obligation to their prepetition lenders this month.

The Debtors' lenders, Southern Commerce Bank, N.A., and Gateway
Bank of Southwest Florida, may assert that they have liens on the
Debtors' accounts receivable, rents and leases at certain projects
and that they therefore have an interest in the Debtors' cash
collateral.  The Debtors form an integrated enterprise that is
engaged in the business of owning and operating commercial
properties.

Prior to the Petition Date, each of the Debtors executed
promissory notes, mortgages, and security agreements in favor of
certain of the Lenders pursuant to which they granted liens on
real estate, improvements, and accounts receivable, as applicable,
related to certain projects.  Certain of the Debtors also executed
assignments of leases and rents pursuant to which they assigned
their rights to leases and rents in favor of certain Lenders.

Richard C. Prosser, Esq., at Stichter, Riedel, Blain & Prosser PA,
explains that the Debtors need the money to fund their Chapter 11
case, pay suppliers and other parties.  The Debtors will use the
collateral pursuant to a budget, a copy of which is available for
free at http://bankrupt.com/misc/RD_MARINA_budget.pdf
The budget initially covers cash collateral access for the month
of November.

In exchange for using the cash collateral, the Debtors propose to
grant the Lenders replacement liens identical in extent, validity
and priority as the liens existed on the Petition Date.  The
Debtors will also provide on a weekly basis profit and loss
statements on a cash basis to counsel for each of the Lenders.

Michael M. Carter and Jaymie G. Carter, both headquartered in
Bradenton, Florida, filed for Chapter 11 bankruptcy protection on
October 29, 2010 (Bankr. M.D. Fla. Case No. 10-26164).  They
estimated their assets and debts at $10 million to $50 million.

Affiliates R.D. Marina, LLC; R.D. Marina II, LLC; Mike Carter I,
Inc.; Design Team West, Inc.; Production Properties; and Mike
Carter Construction, Inc., filed separate Chapter 11 petitions:

Bradenton, Florida-based R.D. Marina, LLC -- dba Riviera Dunes
Marina Resort and Riviera Dunes Marina -- filed for Chapter 11
bankruptcy protection on October 29, 2010 (Bankr. M.D. Fla. Case
No. 10-26144).  It estimated its assets at $1 million to
$10 million and debts at $10 million to $50 million.

The Debtors' bankruptcy cases are jointly administered, with R.D.
Marina, LLC, as the lead case.

Richard C. Prosser, Esq., at Stichter, Riedel, Blain & Prosser PA,
assists the Debtors in their restructuring efforts.


R.D. MARINA: Owes Manatee County $601,000 for Taxes
---------------------------------------------------
R.D. Marina, LLC, has filed with the U.S. Bankruptcy Court for the
Middle District of Florida a list of 20 largest unsecured
creditors, but the list contains only one entry:

   Entity                                             Claim Amount
   ------                                             ------------
Manatee County Tax Collector
P.O. Box 25300
Bradenton, FL 34206                                      $601,340

Michael M. Carter and Jaymie G. Carter, both headquartered in
Bradenton, Florida, filed for Chapter 11 bankruptcy protection on
October 29, 2010 (Bankr. M.D. Fla. Case No. 10-26164).  They
estimated their assets and debts at $10 million to $50 million.

Affiliates R.D. Marina, LLC; R.D. Marina II, LLC; Mike Carter I,
Inc.; Design Team West, Inc.; Production Properties; and Mike
Carter Construction, Inc., filed separate Chapter 11 petitions:

Bradenton, Florida-based R.D. Marina, LLC -- dba Riviera Dunes
Marina Resort and Riviera Dunes Marina -- filed for Chapter 11
bankruptcy protection on October 29, 2010 (Bankr. M.D. Fla. Case
No. 10-26144).  It estimated its assets at $1 million to
$10 million and debts at $10 million to $50 million.

The Debtors' bankruptcy cases are jointly administered, with R.D.
Marina, LLC, as the lead case.

Richard C. Prosser, Esq., at Stichter, Riedel, Blain & Prosser PA,
assists the Debtors in their restructuring efforts.


R.D. MARINA: Section 341(a) Meeting Scheduled for Dec. 3
--------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of the
creditors of R.D. Marina, LLC, et al., on December 3, 2010, at
2:30 p.m.  The meeting will be held at Room 100-B, 501 East Polk
Street, (Timberlake Annex), Tampa, FL 33602.

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.

Michael M. Carter and Jaymie G. Carter, both headquartered in
Bradenton, Florida, filed for Chapter 11 bankruptcy protection on
October 29, 2010 (Bankr. M.D. Fla. Case No. 10-26164).  They
estimated their assets and debts at $10 million to $50 million.

Affiliates R.D. Marina, LLC; R.D. Marina II, LLC; Mike Carter I,
Inc.; Design Team West, Inc.; Production Properties; and Mike
Carter Construction, Inc., filed separate Chapter 11 petitions:

Bradenton, Florida-based R.D. Marina, LLC -- dba Riviera Dunes
Marina Resort and Riviera Dunes Marina -- filed for Chapter 11
bankruptcy protection on October 29, 2010 (Bankr. M.D. Fla. Case
No. 10-26144).  It estimated its assets at $1 million to
$10 million and debts at $10 million to $50 million.

The Debtors' bankruptcy cases are jointly administered, with R.D.
Marina, LLC, as the lead case.

Richard C. Prosser, Esq., at Stichter, Riedel, Blain & Prosser PA,
assists the Debtors in their restructuring efforts.


R.D. MARINA: Taps Stichter Riedel as Bankruptcy Counsel
-------------------------------------------------------
R.D. Marina, LLC, et al., ask for authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Stitchter, Riedel, Blain & Posser, P.A., as bankruptcy counsel,
nunc pro tunc to the Petition Date.

Stichter Riedel will, among other things:

     a. prepare motions, applications, orders, reports, pleadings,
        and other legal papers;

     b. appear before the Court and the U.S. Trustee to represent
        and protect the interests of the Debtors;

     c. assist with and participate in negotiations with creditors
        and other parties in interest in formulating a plan of
        reorganization, drafting a plan and a related disclosure
        statement, and taking necessary legal steps to confirm the
        plan; and

     d. represent the Debtors in negotiations with potential
        financing sources and prepare contracts, security
        instruments, or other documents necessary to obtain
        financing.

Richard C. Prosser, an attorney at Stichter Riedel, assures the
Court that the firm is a "disinterested person" as that term
defined in Section 101(14) of the Bankruptcy Code.

According to Mr. Prosser, Stichter Riedel received the aggregate
sum of $144,642.30 (not including amounts paid for filing fees)
from the Debtors on account of prepetition services and as
retainer for postpetition services.

Michael M. Carter and Jaymie G. Carter, both headquartered in
Bradenton, Florida, filed for Chapter 11 bankruptcy protection on
October 29, 2010 (Bankr. M.D. Fla. Case No. 10-26164).  They
estimated their assets and debts at $10 million to $50 million.

Affiliates R.D. Marina, LLC; R.D. Marina II, LLC; Mike Carter I,
Inc.; Design Team West, Inc.; Production Properties; and Mike
Carter Construction, Inc., filed separate Chapter 11 petitions:

Bradenton, Florida-based R.D. Marina, LLC -- dba Riviera Dunes
Marina Resort and Riviera Dunes Marina -- filed for Chapter 11
bankruptcy protection on October 29, 2010 (Bankr. M.D. Fla. Case
No. 10-26144).  It estimated its assets at $1 million to
$10 million and debts at $10 million to $50 million.

The Debtors' bankruptcy cases are jointly administered, with R.D.
Marina, LLC, as the lead case.


RADIO ONE: Amends Terms of Exchange Offer to Refinance Notes
------------------------------------------------------------
Radio One Inc. amended the terms of its pending exchange offer
that is designed to refinance substantially all of its existing
indebtedness under its 87/8% Senior Subordinated Notes due 2011
and its 63/8% Senior Subordinated Notes due 2013.  The Company
also announced terms of a proposed comprehensive amendment to its
existing senior secured credit facility.

Key terms of these transactions include:

   * An amended exchange offer pursuant to an Amended and Restated
     Exchange Offer and Consent Solicitation Statement and
     Offering Memorandum, dated as of November 5, 2010 to offer:

        i) $1,000 principal amount of the Company's new
           12.5%/15.0% Senior Subordinated Notes due 2016 in
           exchange for each $1,000 in principal amount of the
           2011 Notes; and

       ii) $950 principal amount of Exchange Notes in exchange for
           each $1,000 principal amount of the 2013 Notes, along
           with a concurrent consent solicitation to amend the
           indentures governing the Existing Notes to delete
           substantially all of the covenants contained therein.

           The terms of the Exchange Notes have been amended to
           provide for, among other things, (i) a maturity of
           sixty-six months after initial issuance, (ii) interest
           to accrue at a rate of 12.5% per annum if paid in cash
           and (iii) that such Exchange Notes will only be
           subordinated in right of payment to borrowings of up to
           a maximum of $415 million and any other obligations
           under the Company's Credit Facility.

   * An amendment to the Credit Facility that will, among other
     things:

       i) establish new financial covenant levels;

      ii) permit the Amended Exchange Offer and the payment of
          interest on the 2013 Notes that was otherwise due and
          payable on August 16, 2010;

     iii) waive any existing default or event of default that may
          have arisen under the Credit Facility prior to the
          effectiveness of the Credit Facility Amendment;

      iv) replace $323.0 million of outstanding revolving loans
          with a new term loan;

       v) provide revolving credit borrowings of up to $20.0
          million that the Company can utilize for working capital
          and general corporate purposes and an additional $18.8
          million that can only be used for certain specified
          purposes, in each case subject to certain conditions and
          limitations; and

      vi) effect other amendments to permit the Amended Exchange
          Offer to occur in accordance with the terms set forth in
          the Amended Offering Memorandum.

The Company has negotiated the terms of the Credit Facility
Amendment with Wells Fargo Bank, N.A.  To be effective, the Credit
Facility Amendment must be approved by financial institutions
holding the majority of outstanding loans and commitments.  The
effectiveness of the Credit Facility Amendment is also conditioned
on the completion of the Amended Exchange Offer.  Furthermore, the
Company will not complete the Amended Exchange Offer or issue the
Exchange Notes in respect of the Existing Notes unless either
prior to or concurrently therewith the Credit Facility Amendment
has been entered into by the requisite parties.  Thus, the
transactions are conditional upon one another.

The Company has entered into a Support Agreement with certain
holders of Existing Notes, who collectively represent
approximately 86.8% of the aggregate principal amount of the
outstanding Existing Notes with approximately 84.7% of the
aggregate principal amount of the outstanding 2011 Notes and
approximately 87.9% of the aggregate principal amount of the
outstanding 2013 Notes, pursuant to which such holders agreed,
subject to the terms and conditions set forth therein, to tender
all of their Existing Notes into the Amended Exchange Offer.  The
previously announced Support and Backstop Agreement, dated June
16, 2010, terminated in accordance with its terms on September 1,
2010.

In the event the Amended Exchange Offer is successfully completed,
the Company anticipates the payment blockage notice previously
delivered by the Agent to the trustee under the indenture relating
to the 2013 Notes will be terminated and the Company will be
permitted to pay the interest that was due on August 16, 2010 to
holders of the 2013 Notes.  Holders of 2013 Notes who tender their
notes in the Amended Exchange Offer will receive such overdue
interest on the Settlement Date.

The completion of the Amended Exchange Offer is subject to a
number of conditions, including a minimum tender condition that:

   i) at least 95% of the combined aggregate principal amount
      outstanding of the 2011 Notes and the 2013 Notes be validly
      tendered and not withdrawn and

  ii) at least 95% in aggregate principal amount of the 2011 Notes
      be validly tendered and not withdrawn.

The Offer Conditions also require that all conditions to entry
into the Credit Facility Amendment are concurrently satisfied or
waived and continue to be satisfied or waived until the Settlement
Date.  Under the terms of the Support Agreement, the Company is
required to obtain the consent of holders representing at least
50% of the aggregate principal amount of Existing Notes held or
controlled by parties to the Support Agreement before amending,
modifying or waiving any of the Offer Conditions, including the
Minimum Tender Condition.  As of 5:00 p.m., New York City time, on
November 5, 2010, approximately 92% of the combined aggregate
principal amount outstanding of the 2011 Notes and the 2013 Notes,
including approximately 78% of the 2011 Notes, had been validly
tendered into the exchange offer and not withdrawn.

A full-text copy of the Letter Agreement with Existing Noteholders
is available for free at http://ResearchArchives.com/t/s?6e08

                          About Radio One

Lanham, Maryland-based Radio One, Inc. (Nasdaq:  ROIAK and ROIA)
-- http://www.radio-one.com/-- is a diversified media company
that primarily targets African-American and urban consumers.  The
Company is one of the nation's largest radio broadcasting
companies, currently owning 53 broadcast stations located in 16
urban markets in the United States.

The Company owns a controlling interest in Reach Media, Inc. --
http://www.blackamericaweb.com/-- owner of the Tom Joyner Morning
Show and other businesses associated with Tom Joyner.  Beyond its
core radio broadcasting business, Radio One owns Interactive One
-- http://www.interactiveone.com/-- an online platform serving
the African-American community through social content, news,
information, and entertainment, which operates a number of branded
sites, including News One, UrbanDaily, HelloBeautiful, Community
Connect Inc. -- http://www.communityconnect.com/-- an online
social networking company, which operates a number of branded Web
sites, including BlackPlanet, MiGente, and Asian Avenue and an
interest in TV One, LLC -- http://www.tvoneonline.com/-- a
cable/satellite network programming primarily to African-
Americans.

Ernst & Young LLP, in Baltimore, Maryland, expressed substantial
doubt about the Company's ability to continue as a going concern
in its report on the Company's restated consolidated financial
statements for 2009.  The independent auditors noted that in June
and July 2010 the Company violated certain covenants of its loan
agreements, which ultimately may result in significant amounts of
outstanding debt becoming callable by lenders.

Moody's Investors Service has repositioned Radio One Inc.'s
Probability of Default Rating to Caa2/LD, from Caa2, following
expiration of the 30-day grace period under the indenture
governing the company's 6.375% senior subordinated notes due 2013.
The August interest payment was not made in accordance with the
scheduled terms, and Moody's treats the failure to meet the
original contractual terms as a limited default.  All of Radio
One's debt ratings remain under review for possible downgrade,
including Radio One's Caa1 corporate family rating.

In August 2010, Radio One Inc., warned in a regulatory filing that
it may have to file for bankruptcy absent an extension of a
forbearance agreement or waiver from its lenders.


RASER TECHNOLOGIES: To Sell Transportation Biz. for $2.5-Mil.
-------------------------------------------------------------
Raser Technologies Inc. entered on Nov. 2, 2010, into an Investor
Letter with a private investor for the purpose of forming and
capitalizing a new and independent electric vehicle company Via
Automotive, Inc., a Delaware corporation, whereby Via Automotive
will purchase certain of the Company's Transportation and
Industrial Business segment assets pursuant to an Asset Purchase
Agreement for $2.5 million in cash, and the issuance to the
Company of 39% of the common shares of Via Automotive.  The
LOI also provides that the Investor Group will capitalize Via
Automotive with an additional $2.0 million and that Via
Automotives will assume certain identified liabilities.

The Company said, "In addition to the foregoing $4.5 million
aggregate investment by the Investor Group, for which the Investor
Group shall be issued 61% of the common shares of Via Automotive.
Via Automotive will require additional equity investment of not
less than $10 million.   Equity or equity-linked securities of Via
Automotive issued to investors funding the Additional Initial
Capital, shall dilute only the 61% of the common equity initially
issued to the Investor Group and shall not dilute the 39% of the
common equity initially issued to us in connection with the
acquisition by Via Automotive of certain of our Transportation and
Industrial Business segment assets.

"In addition to the Purchase Agreement, the parties will enter
into a shareholders' agreement, or provide in the bylaws for Via
Automotive, that a supermajority vote of the directors will be
required in certain circumstances.

"The LOI provides that the final transaction is subject to
approval by Raser's board of directors, including receipt of a
satisfactory fairness opinion for the sale of the Transportation
and Industrial assets to Via Automotive.  The LOI provides for
closing to occur on or before November 22, 2010, with a breakup
fee of $5 million to be paid in certain circumstances," says the
Company.

A full-text copy of the Letter Of Intent is available for free
at http://ResearchArchives.com/t/s?6dfc

                     About Raser Technologies

Provo, Utah-based Raser Technologies, Inc. (NYSE: RZ)
-- http://www.rasertech.com/-- is an environmental energy
technology company focused on geothermal power development and
technology licensing.  Raser's Power Systems segment develops
clean, renewable geothermal electric power plants with one
operating plant in southern Utah and eight active and early stage
projects in four western United States: Utah, New Mexico, Nevada
and Oregon, as well as a concession for 100,000 acres in
Indonesia.  Raser's Transportation and Industrial segment focuses
on extended-range plug-in-hybrid vehicle solutions and using
Raser's award-winning Symetron(TM) technology to improve the
torque density and efficiency of the electric motors and drive
systems used in electric and hybrid-electric vehicle powertrains
and industrial applications.

The Company's balance sheet as of June 30, 2010, showed
$90.0 million in total assets, $130.6 million in total
liabilities, and a stockholders' deficit of $40.6 million.

                          *     *     *

Hein & Associates LLP, in Denver, Colo., expressed substantial
doubt about the Company's ability to continue as a going concern,
following its 2009 results.  The independent auditors noted that
the Company has suffered recurring losses, has used significant
cash for operating activities since inception, has significant
purchase commitments in 2010 and has a lack of sufficient working
capital.

Raser Technologies did not make the $2.2 million semi-annual
interest payment due October 1, 2010, on its 8% Convertible Senior
Notes Due 2013.

The Company satisfied the semi-annual interest payment obligation
after receiving $1.10 million from the Thermo No. 1 plant escrow
funds and $1.15 million from a loan with Evergreen Clean Energy,
LLC, late in October 2010.


REGAL PLAZA: U.S. Trustee Unable to Form Creditors Committee
------------------------------------------------------------
August B. Landis, Acting U.S. Trustee for Region 17, notified the
U.S. Bankruptcy Court for the District of Nevada that he was
unable to appoint an official committee of unsecured creditors in
the Chapter 11 case of Regal Plaza, LLC.

The U.S. Trustee explained that there were insufficient
indications of willingness from the unsecured creditors to serve
in the committee.

Las Vegas, Nevada-based Regal Plaza, LLC, owns a shopping center
in Las Vegas, Nevada.  It filed for Chapter 11 bankruptcy
protection on September 1, 2010 (Bankr. D. Nev. Case No. 10-
26707).  Lenard E. Schwartzer, Esq., at Schwartzer & Mcpherson Law
Firm, represents the Debtor.  The Debtor disclosed $10,815,564 in
assets and $8,592,879 in liabilities as of the Petition Date.


RESERVE DEVELOPMENT: Taps Fennemore Craig as Bankruptcy Counsel
---------------------------------------------------------------
The Reserve Development LLC, asks the U.S. Bankruptcy Court for
the District of Nevada for permission to employ Fennemore Craig,
P.C. as counsel.

Fennemore Craig will, among other things:

   a. advise and represent the Debtor concerning the rights and
      remedies of the estate in regard to the assets of the
      estate, and with respect to the secured, priority and
      general claims of creditors;

   b. advise and represent the Debtor in connection with financial
      and business matters, including the sale of any assets;

   c. advise and represent the Debtor in connection with
      investigation of potential causes of action against persons
      or entities, including, but not limited to, avoidance
      actions, and the litigation thereof if warranted.

Prepetition, Fennemore Craig received a $50,000 secured retainer.
The Debtor relates that the retainer is not a fixed price for
Fennemore Craig's services, and Fennemore Craig reserves the right
to seek additional compensation beyond the amounts covered by the
retainer.

To the best of Debtor's knowledge, Fennemore Craig is
a?disinterested person? as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached at:

     Laurel E. Davis, Esq.
     Craig S. Dunlap, Esq.
     Jeffrey J. Steffen Esq.
     FENNEMORE CRAIG, P.C.
     Bank of America Plaza, Suite 1400
     300 South Fourth Street
     Las Vegas, NV 89101
     Tel: (702) 692-8000
     Fax: (702) 692-8064
     E-mail: ldavis@fclaw.com

The Debtor proposes a hearing on the employment of Fennemore Craig
on November 17, 2010, at 2:00 p.m.

                About The Reserve Development LLC

The Reserve Development LLC, based in Las Vegas, Nevada, filed for
Chapter 11 bankruptcy protection on September 1, 2010 (Bankr. D.
Nev. Case No. 10-26715).  The Company disclosed $13,274,818 in
assets and $25,842,878 in liabilities as of the Petition Date.


RESERVE DEVELOPMENT: U.S. Trustee Unable to Form Creditors Panel
----------------------------------------------------------------
August B. Landis, Acting U.S. Trustee for Region 17, notified the
U.S. Bankruptcy Court for the District of Nevada that he was
unable to appoint an official committee of unsecured creditors in
the Chapter 11 case of The Reserve Development LLC.

The U.S. Trustee explained that there were insufficient
indications of willingness from the unsecured creditors to serve
in the committee.

The Reserve Development LLC, based in Las Vegas, Nevada, filed for
Chapter 11 bankruptcy protection on September 1, 2010 (Bankr. D.
Nev. Case No. 10-26715).  Laurel E. Davis, Esq., at Fennemore
Craig, P.C., represents the Debtor.  In its schedules, the Company
disclosed $13,274,818 in assets and $25,842,878 in liabilities as
of the Petition Date.


RICHARD HINDIN: Plan Confirmation Hearing Set for December 16
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia
will convene a hearing on December 16, 2010, at 9:30 a.m., to
consider Richard J. Hindin's Plan of Reorganization, as amended.
Objections, if any, to the confirmation of the Plan are due
December 9.

Completed ballots accepting or rejecting the Plan must be
delivered by 5:00 p.m. on December 6 to:

     Stephen Nichols, Esq.
     COOTER, MANGOLD, DECKELBAUM & KARAS, LLP
     5301 Wisconsin Avenue, NW, Suite 500
     Washington, DC 20015
     Tel: (202) 537-0700
     Fax: (202) 364-3664
     E-mail: snichols@cootermangold.com

As reported in the Troubled Company Reporter on June 14, the Plan
proposes the liquidation of the Debtor's two Virginia properties
and the distribution of the net proceeds from the sale of those
properties.  In addition to this, the Plan proposes a series of
bi-annual payments to creditors over the course of five calendar
years equal to the approximate fair market value of the Debtor's
remaining non-exempt -- and chiefly, illiquid -- assets, totaling
$700,000, plus annual interest of 3%.

The Plan payments will be generated from the Debtor's post-
confirmation employment with Chicken Out Rotisserie, Inc., from
salary or other shareholder distributions expected to be received
from the Debtor's remaining closely-held investments and from cost
savings associated with no longer having to service the debt
encumbering 407 Chain Bridge Road.

All holders of allowed unsecured claims will receive pro rata
payments to be paid from the proceeds of the sale of the Plan
Property and from the Debtor Payments, in full satisfaction of the
claims.

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

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

                     About Richard J. Hindin

McLean, Virginia-based Richard J. Hindin filed for Chapter 11 on
November 27, 2009 (Bankr. E.D. Va. Case No. 09-19741.)  Stephen W.
Nichols, Esq. at Cooter, Mangold, Deckelbaum & Karas, LLP
represents the Debtor.  The Debtor estimated assets and debts at
$10 million to $50 million.


RICHARD JOHNSON: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Richard B. Johnson
        5763 Honeysuckle Lane
        Marblemount, WA 98267

Bankruptcy Case No.: 10-23379

Chapter 11 Petition Date: November 5, 2010

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

Judge: Marc Barreca

Debtor's Counsel: Christina Latta Henry, Esq.
                  SEATTLE DEBT LAW LLC
                  705 2nd Avenue Ste. 1050
                  Seattle, WA 98104
                  Tel: (206) 324-6677
                  E-mail: chenry@seattledebtlaw.com

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

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

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


RIVIERA HOLDINGS: Court Confirms Chapter 11 Plan
------------------------------------------------
WJTV.com reports that a federal bankruptcy judge has approved a
Riviera Holdings Corp.'s Chapter 11 reorganization plan that would
replace about $280 million in debt with a $50 million loan, and
creditors will receive company stock in proportion to what they
are owed.  Current stockholders would be wiped out.

According to the report, new owners will kick in $10 million as
working capital and fund $20 million in loans to cover investments
in the Riviera hotel-casino on the Las Vegas Strip.  Riviera
Executive Vice President Tullio Marchionne says Starwood Capital
Group now holds 41% of the company's debt.  Ten percent is held by
Desert Rock Enterprises.

                        About Riviera Holdings

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

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

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


ROGER BUTTRUM: Voluntary Chapter 11 Case Summary
------------------------------------------------
Joint Debtors: Roger Dean Buttrum
               Erlene Dee Buttrum
               5430 W. Creedance Blvd.
               Glendale, AZ 85310

Bankruptcy Case No.: 10-35785

Chapter 11 Petition Date: November 4, 2010

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: James M. Marlar

Debtor's Counsel: Don C. Fletcher, Esq.
                  LAKE AND COBB
                  1095 West Rio Salado Parkway #206
                  Tempe, AZ 85281
                  Tel: (602) 523-3000
                  Fax: (602) 523-3001
                  E-mail: dfletcher@lakeandcobb.com

Scheduled Assets: $668,200

Scheduled Debts: $165,757,972

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


RON HENARD: Case Summary & 8 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Ron A. Henard Trust, U/W
        c/o Bruce Martin & First Bk & Trust
        P.O. Box 1088
        Abingdon, VA 24212

Bankruptcy Case No.: 10-52886

Chapter 11 Petition Date: November 5, 2010

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Greeneville)

Judge: Marcia Phillips Parsons

Debtor's Counsel: Fred M. Leonard, Esq.
                  27 Sixth Street
                  Bristol, TN 37620
                  Tel: (423) 968-3151
                  E-mail: fredmleonard@earthlink.net

Scheduled Assets: $5,665,550

Scheduled Debts: $3,416,893

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/tneb10-52886.pdf

The petition was signed by Bruce Martin, trustee.


SCHEID AUTOMOTIVE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Scheid Automotive Group, Inc.
         a New Mexico Corporation
          dba Enchantment Ford
          dba Scheid Automotive Group
        P.O. Box 3739
        Taos, NM 87701

Bankruptcy Case No.: 10-15576

Chapter 11 Petition Date: November 4, 2010

Court: United States Bankruptcy Court
       New Mexico (Albuquerque)

Judge: Robert H. Jacobvitz

Debtor's Counsel: William F. Davis, Esq.
                  WILLIAM F. DAVIS & ASSOCIATES, P.C.
                  6709 Academy NE, Suite A
                  Albuquerque, NM 87109
                  Tel: (505) 243-6129
                  Fax: (505) 247-3185
                  E-mail: daviswf@nmbankruptcy.com

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

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

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nmb10-15576.pdf

The petition was signed by William H. Scheid, president.


SEQUENOM INC: Posts $22.74-Mil. Net Loss in Third Quarter
---------------------------------------------------------
Sequenom Inc. filed its quarterly report on Form 10-Q, reporting
a net loss of $22.74 million on $11.68 million of total revenues
for the three months ended Sept. 30, 2010, compared with a net
loss of $14.87 million on $9.22 million of total revenues for the
same period a year ago.

The Company's balance sheet at Sept. 30, 2010, showed $96.97
million in total assets, $64.67 million in total current
liabilities, $360,000 in deferred revenue, $2.86 million in other
long-term liabilities, $1.12 million in long-term portion of debt
and obligations, and stockholder's equity of $27.96 million.

As of September 30, 2010 Sequenom had total cash, cash equivalents
and marketable securities of $55.8 million.  Net cash used in
operating activities was $10.2 million for the third quarter of
2010

"The company continues to make good progress on all fronts,"
stated Harry F. Hixson, Jr., Ph.D., chairman and chief executive
officer.  "We remain on schedule with the trisomy 21 test
development, and I am optimistic that we will be able to initiate
blinded validation studies for the laboratory developed test
in the fourth quarter.  With the recent formation of the
ophthalmology clinical advisory board we are putting in place
all the necessary pieces to support a launch of the laboratory
developed test for age-related macular degeneration.  I am
confident that Sequenom CMM will be able to bring this to market
during the first half of 2011."

Paul V. Maier, chief financial officer, stated, "We are pleased
with the continued growth of our genetic analysis business.
Results from operations, excluding litigation settlement expenses,
continue to meet our expectations.  While we anticipate that our
cash burn will fluctuate on a quarterly basis, we believe we have
sufficient cash to fund our activities through the middle of
2011."

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

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6dc0

                         About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions. Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets. The company was founded in 1994 and is
headquartered in San Diego, California.

                          *     *     *

In its March 15, 2010 audit report, Ernst & Young LLP of San
Diego, California, expressed substantial doubt against Sequenom's
ability as a going concern.  The auditor noted that the Company
has incurred recurring operating losses and does not have
sufficient working capital to fund operations through 2010.


SINCLAIR BROADCAST: To Pay Dividend Amid Optimistic Outlook
-----------------------------------------------------------
Sinclair Broadcast Group Inc. reported net broadcast revenues from
continuing operations of $158.8 million for the three months ended
September 30, 2010, an increase of 16.4% versus the prior year
period result of $136.4 million.  The Company had net income
attributable to the parent company of $14.3 million in the three-
month period versus net income attributable to the parent company
of $14.9 million in the prior year period.

The Company's balance sheet at Sept. 30, 2010, showed
$1.53 billion in total assets, $1.69 billion in total liabilities,
and a stockholder's deficit of $155.97 million

"Political advertising of $9.8 million in the third quarter came
in higher than expected and that trend has continued in the fourth
quarter where we expect $26.8 million in political revenues,"
commented David Smith, President and CEO of Sinclair.  "For the
year, political revenues are expected to be approximately $41.9
million, a record amount for us.  This would represent a 34.7%
increase over 2006's $31.1 million in political revenues and a
1.9% increase over the 2008 presidential year's $41.1 million.
Looking ahead to 2011, early indications are that the core
business will be stronger than normal non-political years driven
by the Super Bowl on the FOX network, of which we have 20
affiliates, and the continued economic recovery.  We believe that
the core business in 2011 will grow versus 2010."

Mr. Smith continued, "Given the expected 2010 results and our
optimistic outlook for 2011, our Board of Directors has decided to
declare and pay a special dividend in the amount of $0.43 per
share.  As you may recall, Sinclair had been a regular dividend
payer since 2004, but had halted the dividend in the first quarter
of 2009 in response to the recession, so we are pleased to once
again be able to distribute a portion of our cash flow and return
value to our shareholders.  Our objective is to once again become
a regularly paying dividend Company, as well as have the ability
to repurchase shares, if warranted."

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6d9a

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6de5

                     About Sinclair Broadcast

Based in Baltimore, Maryland, Sinclair Broadcast Group, Inc.
(Nasdaq: SBGI) -- http://www.sbgi.net/-- one of the largest and
most diversified television broadcasting companies, currently owns
and operates, programs or provides sales services to 58 television
stations in 35 markets.  The Company's television group reaches
roughly 22% of U.S. television households and includes FOX,
ABC, CBS, NBC, MNT, and CW affiliates.

                           *     *     *

Sinclair Broadcast has a 'B1' corporate family rating from
Moody's.  It has a 'B+' corporate credit rating from Standard &
Poor's Ratings Services.

"The CFR continues to reflect still high financial risk,
nonetheless, and the inherent cyclicality of the broadcast
television business, among other factors," Moody's said in August
2010.

"The 'B+' rating reflects S&P's expectation that Sinclair will be
able to reduce its leverage further by the end of 2010 through
revenue and EBITDA growth and lower debt balances," explained
Standard & Poor's credit analyst Deborah Kinzer in August.

Moody's Investors Service raised its ratings for Sinclair
Broadcast Group, Inc., and subsidiary Sinclair Television Group,
Inc., including the Corporate Family Rating and Probability-of-
Default Rating, each to Ba3 from B1, and the ratings for
individual debt instruments, concluding its review for possible
upgrade as initiated on August 5, 2010.  Moody's also assigned a
B2 (LGD 5, 87%) rating to the proposed $250 million issuance of
Senior Unsecured Notes due 2018 by STG.  The Speculative Grade
Liquidity Rating remains unchanged at SGL-2.  The rating outlook
is now stable.


SIRIUS XM: Posts $67.6 Million Net Income in September 30 Quarter
-----------------------------------------------------------------
SIRIUS XM Radio announced third quarter 2010 financial and
operating results.  The Company reported net income $67.6 million
attributable to common stockholders for the third quarter of 2010,
compared with a net loss of $151.5 million for the same quarter a
year ago.

The Company's balance sheet at Sept. 30, 2010, showed
$7.23 billion in total assets, $6.96 billion in total liabilities,
and a stockholder's deficit of $269.09 million.

"We continued our positive momentum in the third quarter, improved
our churn and conversion rates, and attained a record high
subscriber count.  We delivered record adjusted revenue and
adjusted EBITDA, increased our free cash flow, and we are now
raising our financial guidance for the full year," said Mel
Karmazin, Chief Executive Officer, SIRIUS XM.

Mr. Karmazin added, "We will continue to increase and diversify
our content offerings with new shows, new celebrity hosts and
specialty programming with fantastic appeal to new and existing
subscribers. By growing subscribers and revenue, tightly managing
costs, and improving our balance sheet, we are positioned well for
long term free cash flow growth."

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

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

                       About Sirius XM Radio

Based in New York, Sirius XM Radio Inc. has two principal wholly
owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite
CD Radio Inc.  XM Satellite Radio Holdings Inc. owns XM Satellite
Radio Inc., the operating company for the XM satellite radio
service.  Satellite CD Radio Inc. owns the Federal Communications
Commission license associated with the SIRIUS satellite radio
service.  XM Satellite Radio Inc. owns XM Radio Inc., the holder
of the FCC license associated with the XM satellite radio service.

In July 2008, the Company's wholly owned subsidiary, Vernon Merger
Corporation, merged with and into XM Satellite Radio Holdings Inc.
and, as a result, XM Satellite Radio Holdings Inc. became Sirius'
wholly owned subsidiary.

The Company's balance sheet at June 30, 2010, showed $7.20 billion
in total assets, $7.02 billion in total liabilities, and
stockholders' equity of $180.42 million.

                           *     *     *

Sirius carries (i) a 'B' corporate credit rating from Standard &
Poor's and (ii) 'Caa1' corporate family rating and 'B3'
probability of default rating from Moody's.

Moody's Investors Service upgraded the Corporate Family Rating for
Sirius XM Radio Inc. to B3 from Caa1, its Probability-of-Default
Rating to B2 from B3, and the ratings for individual instruments,
including those for its wholly-owned subsidiary, XM Satellite
Radio Inc., as outlined below.  Moody's also assigned a B3, LGD4 -
65% rating to the proposed $550 million offering of senior
unsecured notes due 2018 to be issued by XM Radio.  The
speculative grade Liquidity Rating remains unchanged at SGL-2 and
the rating outlook is stable.  Net proceeds from the proposed debt
issuance will be used to tender for XM Radio's 11.25% senior
secured notes due 2013 and pay related fees and expenses.  The
planned repayment of the 11.25% senior secured notes would reduce
2013 maturities to approximately $780 million, resulting in
enhanced financial flexibility not only through the maturity
extension but also through the reduction (and elimination of most)
of the company's secured debt.

Standard & Poor's Ratings Services raised its corporate credit
rating on Sirius XM Radio Inc. and its subsidiaries, XM Satellite
Radio Holdings Inc. and XM Satellite Radio Inc. (which S&P
analyzes on a consolidated basis), to 'B+' from 'B'.  The
corporate credit and related issue-level ratings were removed from
CreditWatch, where they were placed on Sept. 30 with positive
implications.  The rating outlook is stable.


SOUTH BAY EXPRESSWAY: Plan Exclusivity Pushed to Jan. 18
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that South Bay Expressway LP and its debtor-affiliate were
granted an extension until Jan. 18 of the exclusive right to
propose a Chapter 11 plan.

The Debtors said they needed an extension to permit resolution of
the long-standing priority dispute between their secured lenders
and Otay River Constructors and InTrans Group, Inc.  The Debtors
believe that this is a "gating issue" to confirmation of a plan of
reorganization, according to R. Alexander Pilmer, Esq., at
Kirkland & Ellis LLP, in Los Angeles, California.

The Debtors filed an adversary proceeding in connection with the
Mechanics Lien Dispute.  The extensive preparation for trial has
consumed a significant amount of the Debtors' time, Mr. Pilmer
says.

                   About South Bay Expressway

South Bay Expressway, L.P., dba San Diego Expressway, L.P., filed
for Chapter 11 (Bankr. S.D. Calif. Case No. 10-04516) on March 22,
2010.  Its affiliate, California Transportation Ventures Inc.,
also filed for bankruptcy.

The Debtors developed and operate a four lane, nine mile express
toll road in Southern California commonly referred to as the South
Bay Expressway or State Road 125.  Both estimated assets and debts
of $500 million to $1 billion in their bankruptcy petitions.

Robert Pilmer, Esq., at Kirkland & Ellis LLP, represents the
Debtors in their restructuring effort.  PricewaterhouseCoopers LLP
is auditor and tax advisor.  Imperial Capital LLC is financial
advisor. Epiq Bankruptcy Solutions LLC serves as claims and notice
agent.

The Debtors say that as of the bankruptcy filing, they have
roughly $640 million in book value of total assets and roughly
$570 million in book value of total liabilities.


SPOT MOBILE: Acquires Technology Assets From Yak America
--------------------------------------------------------
Spot Mobile International Ltd. has acquired key strategic assets
from Yak America Inc.  Spot Mobile acquired a telecommunications
switching platform which affords it the ability to provide
domestic and international mobile phone service in network at a
significant cost reduction.  As a result of the acquisition, Spot
Mobile is one of a handful of operators offering prepaid wireless
service on its own proprietary switching platform.

Spot Mobile operates on the GSM network leveraging both of the
two largest GSM networks in the domestic U.S. Spot Mobile offers
prepaid wireless service for domestic and international calling,
text and data, and sells both prepaid mobile phones and prepaid
SIM cards.

"This acquisition was a key strategic transaction for Spot Mobile,
and we now have full control and ownership of the assets necessary
to support our mobile initiatives," said Charles Zwebner, Chairman
and CEO of Spot Mobile.  "This acquisition positions Spot Mobile
to take advantage of the market shift towards prepaid wireless,
which IDC projects to grow from 64 million current users to 160
million by 2015," added Mr. Zwebner.

                         About Spot Mobile

Spot Mobile, formerly Rapid Link Incorporated --
http://www.rapidlink.com/-- is a telecommunications services
company which, through its wholly owned subsidiary, provides
prepaid telecommunication and transaction based point of sale
activation solutions through 1,000
independent retailers in the Eastern United States.  The Company
also provides long distance services and plans to expand its
product offering to include mobile and wireless services.

KBA GROUP LLP in Dallas, Texas, expressed substantial doubt about
Rapid Link's ability to continue as a going concern after auditing
the Company's financial statements as of October 31, 2008.  The
auditor noted the Company has suffered recurring losses from
continuing operations during the last two fiscal years.  At
October 31, 2008, the Company's current liabilities exceeded its
current assets by $2.1 million and the Company has a shareholders'
deficit totaling $2.9 million.

The Company's balance sheet at July 31, 2010, showed $2.62 million
in total assets, $3.90 million in total liabilities, and a
$1.28 million stockholders' deficit.


STONE CREEK: Case Summary & 19 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Stone Creek Village Property Owners Association, Inc.
        1000 Diamond Drive
        Boerne, TX 78006

Bankruptcy Case No.: 10-54343

Chapter 11 Petition Date: November 4, 2010

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

Judge: Leif M. Clark

Debtor's Counsel: Todd A. Prins, Esq.
                  PRINS LAW FIRM
                  4940 Broadway, #108
                  San Antonio, TX 78209
                  Tel: (210) 820-0833
                  Fax: (210) 820 0929
                  E-mail: taprins@prinslaw.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 19 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txwb10-54343.pdf

The petition was signed by Richard Goldberg, president.


STONE ENERGY: S&P Corrects Ratings on Senior Notes to 'B'
---------------------------------------------------------
Standard & Poor's Ratings Services corrected its issue-level and
recovery ratings on Stone Energy Corp's senior unsecured notes due
2017 and subordinated notes due 2014.  S&P is correcting the
issue-level rating on the senior unsecured notes due 2017 to 'B'
(the same as the corporate credit rating) from 'BB-' and
correcting the recovery rating to '3' from '1'.  The '3' recovery
rating indicates an expectation of meaningful (50% to 70%)
recovery in the event of a payment default.  In addition, S&P
corrected the issue-level rating on the subordinated notes due
2014 to 'CCC+' (two notches below the corporate credit rating)
from 'B-' and corrected the recovery rating to '6' from '5'.  The
'6' recovery rating indicates expectations of negligible (0% to
10%) recovery in the event of a payment default.

"The ratings corrections primarily reflect the fact that the
previous ratings did not incorporate the deduction of ARO
liabilities from the reserve values, thus overstating gross
enterprise value," said Standard & Poor's credit analyst Paul
Harvey.

The corporate credit rating on exploration and production (E&P)
company Stone Energy remains 'B', and the outlook is stable.

The ratings on Stone Energy reflect the company's limited scale,
concentration in the mature U.S. Gulf of Mexico shelf region,
requirements for significant reinvestment to maintain production
levels, poor internal reserve replacement, and relatively high
cost base.  Standard & Poor's Ratings Services' ratings on Stone
also reflect the favorable outlook for crude oil prices, the
company's adequate liquidity position, and healthy credit metrics.

S&P could take a negative rating action if the company's liquidity
tightens considerably, or if its debt leverage exceeds 4x (note
that S&P's debt leverage includes significant adjustments for
asset retirement obligations and is not comparable to the covenant
definition).  In addition, S&P could take a negative rating action
if production is weaker than S&P expects and the company's cost
structure remains elevated.

S&P considers positive rating actions to be unlikely in the near
term.  Stone's limited scale of operations, weak track record of
organic reserve replacement, and continued uncertainties over the
permitting process in the Gulf of Mexico greatly limit the
potential for positive rating actions.


STORAGE PARTNERS: Case Summary & 12 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Storage Partners of Toms River, LLC
        731 Skippack Pike, Building 2
        Blue Bell, PA 19422

Bankruptcy Case No.: 10-19654

Chapter 11 Petition Date: November 5, 2010

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Jean K. FitzSimon

Debtor's Counsel: Paul Brinton Maschmeyer, Esq.
                  MASCHMEYER KARALIS P.C.
                  1900 Spruce Street
                  Philadelphia, PA 19103
                  Tel: (215) 546-4500
                  E-mail: pmaschmeyer@cmklaw.com

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

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

A list of the Company's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/paeb10-19654.pdf

The petition was signed by Bruce D. Manley, authorized signatory
of United Storage Partners LP, managing member, by it's sole
general partner United Stor-All Centers LLC.


SUMMER BREEZE: Case Summary & 7 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Summer Breeze Partners LP
        aka The Palms of Dallas
        400 N. St. Paul Street, Suite 1400
        Dallas, TX 75201

Bankruptcy Case No.: 10-37939

Chapter 11 Petition Date: November 7, 2010

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

Judge: Barbara J. Houser

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

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

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

A list of the Company's seven largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txnb10-37939.pdf

The petition was signed by Chase Fonteno, managing partner of
Debtor's general partner.


SUNCAL COS.: Parties Must Attend Mediation Before Next Hearing
--------------------------------------------------------------
The Hon. Erithe A. Smith of the U.S. Bankruptcy Court for the
Central District of California has continued until February 18,
2011, at 10:00 a.m., the hearing to consider SunCal Companies and
its debtor-affiliates' request to impose a stay on all activity by
Lehman related entities.

According to the docket information, the Court ordered that the
parties involved must attend mediation prior to February 11.
Parties to the mediation are the voluntary Debtors, Trustee
Debtors, committees for voluntary and trustee Debtors (including
Chapter 11 Trustee); Mr. Eliff; Bond Safeguard Insurance/Lexon
Insurance; Arch Insurance, SunCal Mgmt; SCC Acquisitions, Lehman
Entities.

The Court also ordered that all hearings on the approval of the
disclosure statements in voluntary and trustee cases are stayed
pending further order of court.

                      About SunCal Companies

SunCal Companies -- http://www.suncal.com/-- has more than
250,000 residential lots and 10 million square feet of commercial
space in various stages of development throughout California,
Arizona, Nevada and New Mexico.  Some of SunCal's communities
include Amerige Heights in Fullerton, Lincoln Crossing near
Sacramento and Terra Lago and Fairway Canyon near Palm Springs.
SunCal Companies recently added an active-adult, commercial,
homebuilding, multifamily and urban divisions; and expanded to
Florida, Texas and Washington, D.C.

Irvine, California-based Palmdale Hills Property, LLC, develops
real estate property.  It filed for Chapter 11 protection on
Nov. 6, 2008 (Bankr. C. D. Calif. Case No. 08-17206).  Affiliates
who also filed separate Chapter 11 petitions include: SunCal
Beaumont Heights, LLC; SunCal Johannson Ranch, LLC; SunCal Summit
Valley, LLC; SunCal Emerald Meadows LLC; SunCal Bickford Ranch,
LLC; SunCal Communities I, LLC; SunCal Communities III, LLC; and
SJD Development Corp.

Paul J. Couchot, Esq., at Winthrop Couchot P.C., represents
Palmdale Hills in its restructuring effort.  The Company estimated
assets and debts of $100 million to $500 million in its Chapter 11
petition.


SUNRISE SENIOR: Earns $18.7 Million for September 30 Quarter
------------------------------------------------------------
Sunrise Senior Living Inc. reported revenues of $383.3 million in
the third quarter of 2010 as compared to $361.5 million for the
third quarter of 2009.  Net income for the third quarter of 2010
was $18.7 million as compared to net loss of $44.4 million for the
third quarter of 2009.

"We continue to be pleased with our structural improvements," said
Mark Ordan, Sunrise's chief executive officer.  "Our results and
trends make us optimistic about our short- and long-term future."

The Company's balance sheet at Sept. 30, 2010, showed $780.83
million in total assets, $693.66 million in total liabilities, and
stockholder's equity of $87.17 million.

Sunrise had $41.5 million of unrestricted cash at September 30,
2010.  As of September 30, 2010, Sunrise had consolidated debt of
$267.2 million, compared to $440.2 million at December 31, 2009,
a reduction of $173.0 million.  Subsequent to quarter end, an
additional $77.3 million of debt relating to its German
communities was repaid and the remaining balance outstanding
under the bank credit facility was repaid.

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

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6dd0

                       About Sunrise Senior

McLean, Va.-based Sunrise Senior Living, Inc. (NYSE: SRZ)
-- http://www.sunriseseniorliving.com/-- is a provider of senior
living services in the United States, Canada, the United Kingdom
and Germany.  At June 30, 2010, the Company operated 356
communities, including 307 communities in the United States, 15
communities in Canada, seven communities in Germany and 27
communities in the United Kingdom, with a total unit capacity of
roughly 35,400.

As reported in the Troubled Company Reporter of March 3, 2010,
Ernst & Young LLP, in McLean Va., expressed substantial doubt
about the Company's ability to continue as a going concern.
The independent auditors noted that the Company cannot borrow
under its bank credit facility and the Company has significant
debt maturing in 2010 which it does not have the ability to repay.


SURINDER-PAL KHELA: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Joint Debtors: Surinder-Pal Singh Khela
                aka Surinder Khela
               Karen Diane Khela
                aka Karen D. Friend
               17918 SE 224th Street
               Kent, WA 98042

Bankruptcy Case No.: 10-23373

Chapter 11 Petition Date: November 4, 2010

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

Judge: Karen A. Overstreet

Debtor's Counsel: S Lamont Bossard, Jr., Esq.
                  IWAMA LAW FIRM
                  333 5th Ave S
                  Kent, WA 98032
                  Tel: (253) 520-7671
                  E-mail: monty@iwamalaw.com

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

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

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/wawb10-23373.pdf


TEN SIDE: Chapter 11 Filing Stays Foreclosure
---------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Ten Side Holdings LLC filed a Chapter 11 petition to
stop the holder of the first mortgage from having a receiver
appointed.

The Debtor is the owner of a residential and commercial
development on Northside Drive in Atlanta.  The property has
336 residential units and 38,600 squarefeet of retail space.
The residential development is known as Tivoli Tenside.

According to Mr. Rochelle, the mortgage was purchased in October
by Waterton Tenside H.H. LLC, owed $45.8 million on what
originally was a construction loan.  In addition, the project has
a $10.8 million mezzanine loan owned by an affiliate of Archstone-
Smith Trust, a real estate investment trust where Lehman Brothers
Holdings Inc. is part owner.

Mr. Rochelle recounts that before the mortgage was sold, a group
of insiders and third-party investors were negotiating to buy the
debt and make a payment on the mezzanine loan in return for
release of the junior lien.

Atlanta, Georgia-based Ten Side Holdings, LLC, formerly fka Tivoli
643 Holdings, LLC, filed for Chapter 11 protection on Nov. 3, 2010
(Bankr. N.D. Ga. Case No. 10-93402).  Denise D. Dell-Powell, Esq.,
at Burr & Forman, serves as bankruptcy counsel.  The Debtor
estimated assets of $10 million to $50 million and debts of
$50 million to $100 million in its Chapter 11 petition.


TENET HEALTHCARE: Posts $932 Million Net Income in Sept. 30 Qtr.
----------------------------------------------------------------
Tenet Healthcare Corporation reported adjusted EBITDA of
$203 million for the quarter ended September 30, 2010, a decrease
of $37 million compared to $240 million for the third quarter of
2009.  Net income attributable to common shareholders for the
third quarter of 2010 was $932 million compared to a net loss of
$3 million for the third quarter of 2009.  Net income in the third
quarter of 2010 included the recognition of $981 million of tax
benefits primarily as a result of the reversal of the previously
established valuation allowance against deferred tax benefits
associated with the Company's net operating loss carryforward.
The contribution from these deferred tax benefits was partially
offset by a loss from early extinguishment of debt of $55 million
pre-tax, $35 million after-tax.

The Company's balance sheet at Sept. 30, 2010, showed $8.53
billion in total assets, $6.77 billion in total liabilities, and
stockholder's equity of $1.76 million.

"Recognition of the value of our deferred tax assets provided a
significant boost to our net income in the third quarter and
reflects the progress we have made in achieving sustained and
sustainable profitability," said Trevor Fetter, president and
chief executive officer. "The soft economy, however, continued to
challenge our volume growth and exerted pressure on our operating
margins. We also had expected the revenues associated with the
California provider fee plan to be recognized in the third
quarter; it is now expected the recognition will occur in the
fourth quarter pending CMS's anticipated approval of the managed
care portion of the plan before year end. I am pleased to raise
the lower end of our outlook range for 2010's adjusted EBITDA to a
new range of $1.050 billion to $1.100 billion. Our 2010 outlook
assumes an expected $64 million favorable impact from the
California provider fee plan and the anticipated effect of our
initiatives across a number of other fronts."

"In response to the continued adverse impact of a soft economy on
our volumes, we took aggressive actions on our operations. As a
result of these actions, our adjusted EBITDA was essentially flat
after excluding the impact of certain items.  Last year's third
quarter benefited from the recognition of $20 million in favorable
items, including favorable cost report adjustments, HMO
distributions, and pension adjustments," said Biggs Porter,
chief financial officer.  "In contrast, this year's third quarter
adjusted EBITDA was reduced by $16 million as a result of the
aggregate net impact of discount rate effects on malpractice and
workers' compensation expense related to the declining interest
rate environment, incremental costs related to our healthcare
information technology initiative, and net of favorable, but
lower, cost report adjustments."

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6db8

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6db9

                      About Tenet Healthcare

Dallas, Texas-based Tenet Healthcare Corporation (NYSE: THC) --
http://www.tenethealth.com/-- is a health care services company
whose subsidiaries and affiliates own and operate acute care
hospitals, ambulatory surgery centers and diagnostic imaging
centers.

                          *     *     *

As reported by the TCR on Aug. 5, 2010, Moody's Investors Service
affirmed its "B2" corporate family rating for Tenet.  The rating
reflects Moody's expectation that the Company will likely see
positive free cash flow for the full year ending December 31,
2010, as operating results continue to improve and litigation
settlement payments end in the third quarter.  However, the
ratings also consider the significant headwinds facing the
company, and the sector as a whole, with respect to increasing bad
debt expense, weak volume trends and changes in mix as commercial
volumes decline.

S&P's corporate credit rating on Tenet is 'B' and remains
unchanged.  The ratings agency noted that while the Company has
experience recent successes to date of a multiyear turnaround
effort, the Company has a still-weak business risk profile and
high financial leverage.

Fitch Ratings has issued its Recovery Rating review of the U.S.
Healthcare sector.  This review includes an analysis of valuation
multiples, EBITDA discounts applied, and detailed recovery
worksheets for issuers with a Fitch Issuer Default Rating of 'B+'
or lower in this sector.


TP INC: Plan Solicitation Period Extended Until November 23
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina extended until November 23, 2010, TP, Inc.'s exclusive
period to solicit acceptances for the proposed Plan of
Reorganization.

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.

Boone, North Carolina-based TP, Inc., filed for Chapter 11
bankruptcy protection on March 1, 2010 (Bankr. E.D. N.C. Case No.
10-01594).  David J. Haidt, Esq., at Ayers, Haidt & Trabucco,
P.A., represents the Debtor.  The Company estimated assets and
liabilities at $10 million to $50 million.


TRANSCONTINENTAL REFRIG: Alleged Preference Payments Aggregated
---------------------------------------------------------------
Addressing an issue of apparent first impression, WestLaw reports,
a Pennsylvania bankruptcy court has ruled that, in determining
whether three separate transfers allegedly made by the Chapter 11
debtor met the monetary floor set forth in 11 U.S.C. Sec.
547(c)(9), the section of the Bankruptcy Code providing an
exception to the trustee's preference-avoiding power if the
aggregate value of all property that constitutes or is affected by
such transfer is less than $5,475, the court would not look to the
three individual transfers but, instead, would aggregate them.
Although the court was unable to find any reported cases analyzing
 547(c)(9), there were several cases that construed the meaning
of a similar co-subsection, Sec. 547(c)(8), and the majority view
of those courts was that transfers could be aggregated for this
purpose.  In addition, the court noted, the Code's rules of
construction provide that, in title 11, the singular includes the
plural, and so the word "transfer" in Sec. 547(c)(9) includes the
plural "transfers."  In re Transcontinental Refrigerated Lines,
Inc., --- B.R. ----, 2010 WL 3529468 (Bankr. M.D. Pa.) (Thomas,
J.).

Individually, each of the three alleged preference payments was
less than $5,475.  Together they totalled $10,656, and the
Liquidating Trustee sought to avoid those prepetition transfers.

Transcontinental Refrigerated Lines, Inc., sought chapter 11
protection (Bankr. M.D. Pa. Case No. 08-50578) in 2008.  Lawrence
V. Young, Esq., serves as the Liquidating Agent for the Debtor's
Estate.  Mr. Young is represented by:

         Brent Diefenderfer, Esq.
         CGA Law Firm
         135 North George St.
         York, PA 17401
         Telephone: (717) 848-4900
         E-mail: bdiefenderfer@cgalaw.com


TRICO MARINE: Noteholders Agree to Forbear Until Nov. 19
--------------------------------------------------------
Trico Marine Services, Inc., disclosed in a regulatory filing
Monday, that the Company and Trico Shipping AS, its indirect,
wholly-owned subsidiary, determined that the following obligations
under the Indenture dated as of October 30, 2009, between Trico
Shipping, the Company, the other guarantors specified therein, and
Deutsche Bank National Trust Company (as successor trustee to
Wells Fargo Bank, N.A.), as amended by the First Supplemental
Indenture dated as of June 25, 2010, and the Second Supplemental
Indenture dated as of September 21, 2010, have not been or will
not be satisfied (the "Indenture Subject Defaults"): (i) the
interest payment due November 1, 2010, with respect to Trico
Shipping's 11 7/8% Senior Secured Notes due 2014, (ii) the
Quarterly Report on Form 10-Q of the Company required to be filed
for the third quarter of 2010 will not be filed by November 9,
2010, (iii) Trico Shipping and the guarantors will not have the
required $20,000,000 of liquidity as of October 31, 2010, and (iv)
the LTM Consolidated Cash Flow (as such term is defined in the
Indenture) of Trico Supply AS did not meet the required level of
$45,900,000 as of September 30, 2010.  Accordingly, on November 2,
2010, Trico Shipping, certain of its subsidiaries and affiliates
and certain holders of, or legal or beneficial owners of, or the
investment manager with discretionary authority with respect to,
the Senior Secured Notes (collectively, the "Consenting Holders"
and each, a "Consenting Holder"), executed a Forbearance
Agreement.

Under the terms and conditions of the Indenture Forbearance, each
Consenting Holder severally agreed that until the Indenture
Forbearance has been terminated, it will not, as a result of the
Indenture Subject Defaults, or any Default or Event of Default (as
such terms are defined in the Indenture) arising therefrom: (i)
direct the Trustee to pursue any right or remedy (including,
without limitation, the acceleration of any obligation owing in
respect of the Indenture and/or the Senior Secured Notes) against
the Company, Trico Shipping or the guarantors under applicable
law, the Security Documents (as such term is defined in the
Indenture), the Senior Secured Notes or the Indenture, as
applicable, or (ii) initiate, or have initiated on its behalf, any
litigation or proceeding of any kind with respect to the Senior
Secured Notes other than to enforce the Indenture Forbearance,
provided, however, that nothing contained in the Indenture
Forbearance waives, limits, impairs or restricts the ability of
each Consenting Holder to protect and preserve its rights,
remedies and interest in any bankruptcy cases of the Debtor
Guarantors (as such term is defined in the Indenture).  Under the
terms of the Indenture Forbearance, the forbearance does not
constitute a waiver of the occurrence or the continuance of any
Event of Default that is a Subject Default and that has occurred
and is continuing, and each Event of Default that has occurred
will continue to exist unless and until cured or waived by the
Consenting Holders pursuant to the terms of the Indenture.  Each
Consenting Holder also severally agreed that until the Indenture
Forbearance has been terminated, in the event that any holder of
the Senior Secured Notes acts to accelerate or otherwise declare
all of the notes to be due and payable immediately, the Consenting
Holder will, by notice to the Trustee, act to rescind such
acceleration or declaration and its consequences.

The Indenture Forbearance terminates effective immediately upon
the earliest to occur of (i) any action to exercise any right or
remedy against a material part of the collateral securing the
Senior Secured Notes by any party, other than the Trustee, or any
holders of the notes, or the commencement of any insolvency
proceedings by or against Trico Supply AS, Trico Shipping or any
guarantor other than Debtor Guarantors; (ii) failure of the Credit
Parties (as such term is defined in the Indenture) to enter into a
support agreement and term sheet with the holders of a majority of
the principal amount of the Senior Secured Notes with respect to
the Restructuring (as such term is defined in the Indenture
Forbearance) by November 8, 2010; (iii) the occurrence or
existence of any Default or Event of Default other than the
Indenture Subject Defaults; (iv) the entry into any agreement by
Trico Shipping or any of its subsidiaries, or the announcement of
any negotiations or discussions regarding an intention, to incur
any indebtedness or other capital infusion, in each case other
than with the holders of the Senior Secured Notes; (v) the failure
of the guarantors, Trico Shipping or any of its subsidiaries to
comply with any term, covenant or condition applicable to any of
them (including the breach of any representation or warranty by
any of them) in the Indenture Forbearance; or (vi) November 19,
2010.

                        About Trico Marine

Headquartered in Texas, Trico Marine Services, Inc. --
http://www.tricomarine.com/-- provides subsea services, subsea
trenching and protection services, and towing and supply vessels.
Trico filed for Chapter 11 protection on August 25, 2010 (Bankr.
D. Del. Case No. 10-12653).  John E. Mitchell, Esq., Angela B.
Degeyter, Esq., and Harry A. Perrin, Esq., at Vinson & Elkins LLP,
assist the Debtor in its restructuring effort.  The Debtor
disclosed $30,562,681 in assets and $353,606,467 in liabilities as
of the Petition Date.

Affiliates Trico Marine Assets, Inc. (Bankr. D. Del. Case No. 10-
12648), Trico Marine Operators, Inc. (Case No. 10-12649), Trico
Marine International, Inc. (Case No. 10-12650), Trico Marine
Cayman, L.P. (Case No. 10-12651), and Trico Holdco, LLC (Case No.
10-12652) filed separate Chapter 11 petitions.

Cahill Gordon & Reindell LLP is the Debtors' special counsel.
Alix Partners Services, LLC, is the Debtors' chief restructuring
officer.  Epiq Bankruptcy Solutions is the Debtors' claims and
notice agent.  Postlethwaite & Netterville serves as the Debtors'
accountant and Ernst & Young LLP serves as tax advisors.
Pricewaterhousecoopers LLC provides the independent accountants
and tax advisors for the Debtors.

Aside from the Cayman Islands holding company, Trico's foreign
subsidiaries were not included in the filing and will not be
subject to the requirements of the U.S. Bankruptcy Code.


TRW AUTOMOTIVE: S&P Gives Positive Outlook; Keeps 'BB' Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services said it has revised its outlook
on Livonia, Mich.-based auto supplier TRW Automotive Inc. to
positive from stable and affirmed the 'BB' corporate credit
rating.

"The outlook revision reflects S&P's belief that S&P could raise
its rating on TRW further because of the moderate recovery in auto
markets, TRW's significant cost-cutting actions that reduced its
breakeven level of sales, and the company's renewed attention to
debt reduction, including the reduction of pension obligations,"
said Standard & Poor's credit analyst Nancy Messer.

TRW manufactures active and passive auto safety products and is a
major Tier 1 supplier to automakers in the global light-vehicle
market.

TRW reported better third-quarter earnings and cash flow than S&P
expected.  Sales were $3.4 billion, up 10% from the third quarter
of 2009, mostly as a result of increased global vehicle
production.

S&P believes the safety segment in which TRW operates has good
long-term growth characteristics but is still highly dependent on
automaker production levels.  S&P believes TRW's No. 1 or No. 2
market position reflects the high quality of its products and
service, as well as its technological capabilities and global
deliverability.

To maintain adequate liquidity, S&P expects the company to retain
meaningful cash balances and limit acquisitions to small bolt-on
transactions.  S&P believes the company may reduce debt further,
and its rating reflects its belief that the company will not use
surplus cash for shareholder dividends or stock repurchases in the
near term.  The company had $3.2 billion in pension- and lease-
adjusted debt as of Oct. 1, 2010.

Auto markets in the U.S. and Europe appear to be stabilizing,
although S&P expects sales in Europe, a key market for TRW, to be
down in 2010 from 2009, partly because of the cessation of various
national scrappage programs that boosted 2009 sales.  S&P also
expects markets to remain weak relative to historical levels.  S&P
believes North American light-vehicle sales will increase by about
10% in 2010, to 11.4 million units (still well below the 2008
level of 13.2 million).  Still, automaker inventory buildup in
North America helped TRW improve revenue in the first nine months
of 2010; in Europe, some shifts in product mix toward larger
vehicles have boosted earnings.

S&P considers TRW's liquidity adequate under its criteria.  TRW
had balance sheet cash of $1.1 billion as of Oct. 1, 2010.

S&P expects TRW, along with other Tier 1 auto suppliers, to invest
in working capital in the next 12 months as automaker production
rises.  The company may also need working capital to support Tier
2 suppliers during this production phase, although TRW does not
appear to have used significant cash for this recently.  In the 12
months ahead, S&P expects TRW to increase its capital spending to
support business expansion, and S&P believes commodity prices are
likely to increase.

The positive outlook reflects S&P's view that TRW's intermediate-
term financial prospects may lead to an upgrade to 'BB+', even if
North American and European auto demand does not substantially
improve, as S&P believes the company could have sufficient cash
resources to lower leverage further.

An upgrade would require us to believe that S&P should reassess
TRW's financial risk profile to intermediate from significant, or
reassess its business risk profile to fair from weak.  For
example, if the company achieved and sustained pension- and lease-
adjusted funds from operations to total debt of more than 30%,
pension- and lease-adjusted leverage of 2.5x or less, and positive
free cash flow, S&P could reassess TRW's financial risk profile as
intermediate.

S&P assume TRW's adjusted leverage could drop below 2.5x if,
for example, it could sustain annualized EBITDA of at least
$1.4 billion.  S&P would also need to believe that any use of its
large cash balances would be consistent with S&P's expectations
for a higher rating.  S&P believes risks to EBITDA expansion
include weak vehicle sales in North America and Europe and cost-
side pressures, including higher commodity prices.  The highly
competitive character of the industry, continuing excess
production capacity, and TRW's single-digit EBITDA margins lead us
to keep the business risk profile score as weak for now.

Alternatively, S&P could lower the ratings if S&P believed auto
markets would not improve as S&P assume or if the global economic
recovery falters, thereby preventing the company from sustaining
the financial measures that S&P expects for the 'BB' rating in
2010 and next year.  S&P could also lower the ratings if S&P
believed cash generation would be compromised in the year ahead by
lower vehicle production, a spike in commodity costs, or other
factors, or if TRW makes a transforming acquisition with cash or
new debt.  S&P could also lower the ratings if TRW uses cash to
fund a material dividend payout to shareholders or repurchases its
common shares.


UNIFI INC: Posts $10.3 Million Net Income in September 27 Quarter
-----------------------------------------------------------------
Unifi Inc. filed its quarterly report on Form 10-Q, reporting net
income of $10.23 million on $174.02 million of net sales for the
three months ended Sept. 26, 2010, compared with net income of
$2.45 million on $142.85 million of net sales for the three months
ended Sept. 27, 2010.

The Company's balance sheet at Sept. 26, 2010, showed
$509.32 million in total assets, $65.61 million in total current
liabilities, $163.72 million in long-term debt and other
liabilities, $2.70 million in deferred income taxes, $255,000 in
commitment and contingencies, and stockholder's equity of
$277.03 million.

Additional highlights for the current quarter include:

   * The Company continued to strengthen its balance sheet with
     the redemption of $15 million of its 11.5% Senior Secured
     Notes due 2014;

   * The Company's 34% interest in Parkdale America LLC
     contributed $8.6 million of earnings in equity affiliates, a
     $6.3 million increase from the prior year September quarter;
     and,

   * Adjusted earnings before income taxes, depreciation and
     amortization were $18.4 million, a $3.3 million improvement
     over the prior year September quarter.

Ron Smith, Chief Financial Officer for Unifi, said, "Business
conditions in the September quarter were generally favorable
across our largest end use segments, and we saw continued strength
in overall volume. Results were also positively impacted by
operational efficiency gains and improved domestic conversion
margins.  It is important to note that while the underlying
results of Parkdale America were strong, approximately $4.3
million of the Company's earnings in equity affiliates for the
quarter is attributable to the timing of deferred revenue
recognition by Parkdale America under the terms of the cotton
rebate program."

Cash-on-hand as of September 26, 2010 was $26.3 million, a
decrease of $16.4 million from June 27, 2010, as the Company
used excess operating cash to call $15 million of the 2014 Notes.
Since September 2009, total debt for the Company has been reduced
by more than $21 million.

At the Company's annual meeting of its shareholders held earlier
today, the Company's shareholders approved a proposal to amend
the Company's Restated Certificate of Incorporation to effect a
reverse stock split of the Company's common stock at a reverse
stock split ratio of 1-for-3.  The Board of Directors has
authorized the Company to file a certificate of amendment to its
Restated Certificate of Incorporation implementing the Reverse
Stock Split, which is anticipated to be effective November 3,
2010.  The financial statements included in this press release
have not been adjusted to reflect this pending Reverse Stock
Split.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6d4e

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6dd9

                         About Unifi

Unifi, Inc. (NYSE: UFI) -- http://www.unifi.com/and
http://www.repreve.com/-- is a diversified producer and processor
of multi-filament polyester and nylon textured yarns and related
raw materials.  The Company adds value to the supply chain and
enhances consumer demand for its products through the development
and introduction of branded yarns that provide unique performance,
comfort and aesthetic advantages.  Key Unifi brands include, but
are not limited to: AIO(R) - all-in-one performance yarns,
SORBTEK(R), A.M.Y.(R), MYNX(R) UV, REPREVE(R), REFLEXX(R),
MICROVISTA(R) and SATURA(R). Unifi's yarns and brands are readily
found in home furnishings, apparel, legwear, and sewing thread, as
well as industrial, automotive, military, and medical
applications.

As reported by the Troubled Company Reporter on November 20, 2009,
Moody's Investors Service revised Unifi, Inc.'s ratings outlook to
stable from negative.  Moody's affirmed the company's Caa1
Corporate Family and Probability of Default Ratings, and the Caa2
rating on its senior secured notes due 2014.

Standard & Poor's Ratings Services said that it placed its
ratings, including the 'B-' corporate credit rating, on
Greensboro, N.C.-based Unifi Inc. on CreditWatch with positive
implications.

Moody's Investors Service upgraded Unifi Inc.'s Corporate Family
Rating and Probability of Default ratings to B3 from Caa1.
Concurrently, the rating on Unifi's 11.5% senior secured notes was
upgraded to Caa1 from Caa2.  The ratings outlook is positive.


UNISYS CORP: Reports $28.3-Mil. Net Income in Third Quarter
-----------------------------------------------------------
Unisys Corporation filed its quarterly report on Form 10-Q,
reporting third-quarter 2010 net income of $28.3 million, compared
with net income of $61.1 million in the year-ago quarter.

Revenue in the third quarter of 2010 declined 13% to $961 million
compared with $1.11 billion in the year-ago quarter.  Foreign
currency fluctuations had a one percentage-point negative impact
on revenue in the quarter.  U.S. revenue declined 15%
to $438 million while revenue from international markets declined
12% to $523 million.

The Company's balance sheet for Sept. 30, 2010, showed
$2.840 billion in total assets; total current liabilities of
$1.256 billion, long-term debt of $836.7 million, long-term
postretirement liabilities of $1.498 billion, long-term deferred
revenue of $143.5 million, and other long-term liabilities of
$139.2 million; and a stockholders' deficit of $1.0345 billion.

"We made further progress on many fronts in the quarter as we
continue to reshape the Unisys business model," said Unisys
Chairman and CEO Ed Coleman.  "We achieved a services operating
profit margin of 8 percent -- an important milestone that put us
in our targeted 8 to 10 percent margin range.  We also grew
revenue slightly in our IT outsourcing business.  Operating
expenses and cash flow improved significantly, reflecting improved
efficiencies across the business.

At September 30, 2010, Unisys reported $689 million of cash on
hand, up from $497 million at June 30, 2010.  During the quarter
the company completed the sale of its U.K.-based Unisys
Insurance Services Limited.  Terms of the transaction were not
disclosed.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6d4f

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6d1c

                           About Unisys

Based in Blue Bell, Pennsylvania, Unisys Corporation (NYSE: UIS)
-- http://www.unisys.com/-- provides a portfolio of IT services,
software, and technology that solves critical problems for
clients.  With more than 26,000 employees, Unisys serves
commercial organizations and government agencies throughout the
world.


UNITED CONTINENTAL: October Traffic Hikes 5.9% from 2009
--------------------------------------------------------
United Continental Holdings Inc. reported October 2010 and year-
to-date 2010 operational results for United Air Lines, Inc. and
Continental Airlines, Inc.

On a combined basis, United and Continental's consolidated traffic
in October 2010 increased 5.9 percent versus October 2009 on a
consolidated capacity increase of 5.0 percent.  The carriers'
combined consolidated load factor increased 0.7 points compared to
the same period last year.

October 2010 passenger revenue per available seat mile estimates
for United and Continental are presented based on historical
income statement revenue classifications.  For October 2010,
United's consolidated RASM increased an estimated 13.0 to 14.0
percent compared to October 2009, while United's mainline RASM
increased an estimated 14.0 to 15.0 percent compared to the same
period last year.  Continental's October consolidated RASM
increased an estimated 15.5 to 16.5 percent compared to October
2009, while Continental's mainline RASM increased an estimated
17.0 to 18.0 percent compared to the same period last year.
In December, United Continental Holdings, Inc. will report United
and Continental's November 2010 RASM estimate on a combined basis
using an aligned presentation for passenger revenue based on final
income statement classifications.

A full-text copy of the operational performance is available for
free at http://ResearchArchives.com/t/s?6e0f

                  About United Continental

United Continental Holdings, Inc. (NYSE: UAL) is the holding
company for both United Airlines and Continental Airlines.
Together with United Express, Continental Express and Continental
Connection, these airlines operate a total of approximately 5,800
flights a day to 371 airports throughout the Americas, Europe and
Asia from their hubs in Chicago, Cleveland, Denver, Guam, Houston,
Los Angeles, New York, San Francisco, Tokyo and Washington, D.C.
United and Continental are members of Star Alliance, which offers
more than 21,200 daily flights to 1,172 airports in 181 countries
worldwide through its 28 member airlines. United's and
Continental's more than 80,000 employees reside in every U.S.
state and in many countries around the world.For more information
about United Continental Holdings, Inc., go to
UnitedContinentalHoldings.com.  For more information about the
airlines, see http://www.united.com/and
http://www.continental.com/, and follow each company on Twitter
and Facebook.

United Continental carries 'B2' corporate family and probability
of default ratings, with stable outlook, from Moody's, 'B' issuer
credit ratings, with stable outlook, from Standard & Poor's, and
'B-' issuer default rating from Fitch.

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

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


USEC INC: Swings to $1-Mil. Net Income in Q3 of 2010
----------------------------------------------------
USEC Inc. filed its quarterly report on Form 10-Q, reporting
net income of $1.0 million on $564.6 million of total revenues for
the three months ended Sept. 30, 2010, compared with a net loss of
$6.2 million on $549.3 million of total revenues for the same
period a year ago.

The Company's balance sheet at Sept. 30, 2010, showed
$3.70 billion in total assets, $1.20 billion in total current
liabilities, $558.7 million in total other long-term liabilities,
and stockholder's equity of $1.29 million.

Commenting on the financial results, USEC President and Chief
Executive Officer John K. Welch said, "While we have been
intensely focused on the American Centrifuge project, we have been
equally focused on managing our current operations.  We are not
satisfied with single digit gross profit margins and we have also
been paying close attention to improving our results from the
initial guidance we provided.

"Lower power costs than expected, a sharp watch on expenses and
additional sales have produced better results than originally
projected.  Electric power represents approximately 70 percent of
our production cost while the American Centrifuge promises to
reduce electric power used to enrich uranium by 95 percent.  That
is one of the key reasons why we are so intent on transitioning to
the American Centrifuge technology," Mr. Welch said.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6d99

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

                          About USEC Inc.

Headquartered in Bethesda, Maryland, USEC Inc. (NYSE: USU) --
http://www.usec.com/-- supplies enriched uranium fuel for
commercial nuclear power plants.

                           *     *     *

USEC Inc. carries 'Caa1' corporate and probability of default
ratings, with "developing" outlook, from Moody's, and 'CCC+' long
term foreign issuer credit rating and 'CCC-' long term local
issuer credit rating, with outlook "developing", from Standard &
Poor's.

In May 2010, S&P said that its rating and outlook on USEC Inc. are
not affected by the announcement that Toshiba Corp. and Babcock &
Wilcox Investment Co., an affiliate of The Babcock & Wilcox Co.,
have signed a definitive investment agreement for $200 million
with USEC.


UNIVISION COMMUNICATIONS: S&P Assigns 'CCC+' Rating on Notes
------------------------------------------------------------
Standard & Poor's Ratings Services assigned New York City-based
Spanish language TV and radio broadcaster Univision Communications
Inc.'s proposed issuance of $500 million unsecured notes due 2021
it's 'CCC+' issue-level rating (two notches lower than S&P's 'B'
corporate credit rating on the company).  S&P also assigned this
debt a recovery rating of '6', indication its expectation of
negligible (0% to 10%) recovery for noteholders in the event of a
payment default.

S&P expects Univision to use proceeds from the proposed issuance
to repay up to $460 million of its 9.75%/10.5% senior unsecured
toggle notes due 2015, which it has tendered for.  The transaction
is relatively neutral from a leverage perspective, but helps to
push out a portion of 2015 unsecured debt maturities beyond the
maturity of the company's senior secured credit facilities in
2017.  Assuming the Televisa agreement is completed, S&P expects
Univision to use $1.1 billion of proceeds from Televisa to repay a
portion of the remaining senior toggle notes.  Following the
company's October amendment and extension transaction, debt
maturities in 2014 are roughly $1.7 billion, which S&P expects
will rely on refinancing.

The corporate credit rating on Univision is 'B' and the rating
outlook is stable.  In the third quarter of 2010, revenue
increased 9.1%, while EBITDA (including restructuring costs,
management fees, and business optimization expenses, but excluding
noncash impairment losses and Televisa settlement charges)
increased 16.4%, mainly due to an 80% reduction in restructuring
charges.  EBITDA coverage of interest improved, but remained very
thin, at 1.4x compared to 1.1x at the end of 2009, while coverage
of cash interest was also low at 1.8x.  Liquidity totaled
$448 million at Sept. 30, which comprises $328 million cash and
$120 million capacity on the receivables-based credit facility.
Total lease-adjusted debt (including accrued interest and capital
leases) to adjusted EBITDA was still extremely high, at about
12.6x for the 12 months ended Sept. 30, 2010.

                           Ratings List

                  Univision Communications Inc.

          Corporate Credit Rating           B/Stable/--

                            New Issue

                  Univision Communications Inc.

             $500M unsecd nts due 2021         CCC+
               Recovery Rating                 6


US FARMS: Plans to Send Reports to Pink Sheets OTC Disclosure
-------------------------------------------------------------
On November 2, 2010, US Farms Inc. updated its plans to disclose
quarterly and annual financial information to shareholders and the
public markets through the Pink Sheets OTC Disclosure and News
Service.  The company anticipates submitting their application to
the service within the next sixty days and after filing the
appropriate information, to ultimately achieve "Current
Information" status.

                       About US Farms Inc.

US Farms Inc. (OTC BB: USFI.OB) -- http://www.usfarmsinc.com/--
is a diversified commercial Farming, Nursery and Brokerage company
based in Southern California.  The company's principal operations
are located in Southern California in the Imperial Valley, North
County San Diego and Los Angeles.  US Farms Inc. grows, markets
and distributes horticultural products through a number of wholly
owned subsidiaries which include: American Nursery Exchange Inc.
(ANE); California Management Solutions Inc. (CMS); California
Produce Exchange Inc. (CPE); American Aloe Vera Growers Inc.
(AAVG); Imperial Ethanol Inc. (IE); Sammy's Produce Inc. (SPI); US
Ag Transportation Inc (USAT); US Produce Inc. (USPI); Texas Garlic
& Spice Inc. (TGS); US Trading Group, Inc. (USTG); and World
Garlic & Spice Inc. (WGS).

The Company has yet to file its Annual Report on Form 10-K for the
period ended December 31, 2008, due to a delay in obtaining and
compiling information required to be included in the Report.  At
September 30, 2008, the Company had $2,524,295 in total assets,
$5,389,569 in total liabilities, and a stockholders' deficit of
$2,865,274.


UTGR INC: Chapter 11 Plan Declared Effective
--------------------------------------------
UTGR Inc., the owner of the Twin River racetrack-casino in
Lincoln, Rhode Island, implemented its reorganization plan on Nov.
5.

While UTGR had obtained bankruptcy court confirmation of the Plan
in June, it needed the state to adopt legislation to implement the
reorganization.  The new law allowed UTGR to halt dog racing and
operate 24 hours a day, seven days a week, according to Bill
Rochelle, the bankruptcy columnist for Bloomberg News.

Donna Kenny Kirwan at the Call reports the Rhode Island Department
of Business Regulation and the Department of Revenue, Division of
Lotteries issued the final necessary approvals.  The state
Division of Lotteries approved the transfer of licenses needed to
operate the slot parlor to the new ownership team of UTGR Inc.

UTGR's reorganization plan incorporates settlement with unsecured
creditors.  Instead of 5%, unsecured creditors will receive a 65%
recovery.  For a recovery estimated at 89%, first-lien creditors
owed $415 million will receive all the new stock plus a
$300 million secured note.  Second-lien creditors, owed
$145 million, are to receive half of sale proceeds between
$475 million and $575 million if the facility is sold within three
years.  They are to have 75% of sale proceeds above $575 million.

The Plan provided that a condition precedent to it being effective
is the passage of certain legislation by the Rhode Island General
Assembly to enhance the Debtors' financial viability, including an
extension in operating hours at Twin River to 24 hours a day, 7
days a week, and the elimination of the legislative requirement
that the Debtors must conduct live dog racing to maintain their
VLT license.

                        About UTGR Inc.

UTGR Inc. is the operator of the Twin River racetrack-casino in
Lincoln, Rhode Island.  UTGR filed for Chapter 11 on June 23
(Bankr. D. Rhode Island Case No. 09-12418).  The Debtors selected
Jager Smith P.C. as counsel, and Winograd, Shine & Zacks P.C. as
their co-counsel.  It also hired Zolfo Cooper LLC as bankruptcy
consultants and special financial advisors.  Donlin Recano serves
as claims and notice agent.  In its bankruptcy petition, the
Company estimated assets of less than $500 million and debt
exceeding $500 million.


UTSTARCOM INC: Posts $17 Million Net Loss in September 30 Quarter
-----------------------------------------------------------------
Utstarcom Inc. filed its quarterly report on Form 10-Q, reporting
a net loss of $17.16 million on $61.39 million in total net sales
for the three months ended Sept. 30, 2010, compared with a net
loss of $34.59 million on $70.50 million of total net sales for
the same period a year ago.

The Company's balance sheet at Sept. 30, 2010, showed
$810.98 million in total assets, $557.68 million in total
liabilities, and stockholder's equity of $253.31 million.

"While the third quarter financial results show that we have to
work harder to reach profitability and become cash flow positive,
the three strategy shifts we recently announced point the way for
a logical evolution of UTStarcom's business," said Jack Lu,
President and CEO of UTStarcom. "With a transition in the top
management and early stage operational achievements in China's
cable markets, the third quarter of 2010 was an important one for
UTStarcom.  We are laying the foundation for new revenues that we
expect to be recurring and have higher margin than the current
broadband and multimedia equipment-based business."

A full-text copy of the earnings release is available for free
at http://ResearchArchives.com/t/s?6d98

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6e09

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company was
founded in 1991 and is headquartered in Alameda, California.

                           *     *     *

In its Form 10-K, the Company noted that it has recorded operating
losses in 19 of the 20 consecutive quarters in the period ended
December 31, 2009.  At December 31, 2009, the Company had an
accumulated deficit of $1.067 billion.  While operating results
are expected to improve in 2010 compared with prior years,
management expects the Company to continue to incur losses in
2010.


VALENCE TECHNOLOGY: Posts $3.58 Million Net Loss in Sept. 30 Qtr
----------------------------------------------------------------
Valence Technology Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $3.58 million on $12.65 million on total
revenues for the three months ended Sept. 30, 2010, compared with
a net loss of $6.19 million on $3.35 million on total revenues for
the same period a year ago.

The Company's balance sheet at Sept. 30, 2010, showed
$34.19 million in total assets, $36.92 in total current
liabilities, $28.87 million in long-term interest payable to
stockholder, $34.86 million in long-term debt to stockholder,
$118,000 in other long-term liabilities, and a stockholder's
deficit of $75.20.

A full-text copy of the quarterly report on Form 10-Q is available
for free at http://ResearchArchives.com/t/s?6dc2

                     About Valence Technology

Austin, Texas-based Valence Technology, Inc. (NASDAQ: VLNC) --
http://www.valence.com/-- is a global leader in the development
of safe, long-life lithium iron magnesium phosphate energy storage
solutions and provides the enabling technology behind some of the
world's most innovative and environmentally friendly applications.
Valence Technology has its Research & Development Center in
Nevada, its Europe/Asia Pacific Sales office in Northern Ireland
and global fulfillment centers in North America and Europe.

The Company's balance sheet at June 30, 2010, showed
$22.75 million in total assets, $94.51 million in total
liabilities, and a stockholders' deficit of $80.37 million.

PMB Helin Donovan LLP expressed substantial doubt about Valence
Technology Inc.'s ability as a going concern following the
Company's fiscal 2010 results.  The Company has incurred operating
losses each year since its inception in 1989 and had an
accumulated deficit of $581 million as of March 31, 2010.  For the
fiscal years ended March 31, 2010, 2009, and 2008 the Company
sustained net losses available to common stockholders of
$23.2 million, $21.4 million, and $19.6 million, respectively.


WASHINGTON MUTUAL: Extends Voting Deadline Until Nov. 18
--------------------------------------------------------
Washington Mutual, Inc. has extended the deadline to vote on the
Company's proposed Plan of Reorganization from November 15, 2010
at 5:00 p.m. Pacific Time to November 18, 2010 at 12:00 p.m.
Pacific Time.

WMI's Plan and Disclosure Statement have the full support of the
Federal Deposit Insurance Corporation and JPMorgan Chase Bank,
N.A., certain holders of indebtedness issued by the Company and
Washington Mutual Bank, as the case may be, and the Official
Committee of Unsecured Creditors, which was appointed by the
Bankruptcy Court.

As previously announced, the Plan contemplates, among other
things, distribution of funds to holders of allowed claims against
the estate in excess of approximately $7 billion, including
approximately $4 billion of previously disputed funds on deposit
with JPMC.  WMI believes the Settlement will result in significant
recoveries for the estate's stakeholders and is in the best
interests of the estate.

The official Notice of Extension filed with the Bankruptcy Court,
as well as WMI's Plan and Disclosure Statement and the Settlement
annexed to the Plan, are available at http://www.kccllc.net/wamu.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owns
100% of the equity in WMI Investment.  When WaMu filed for
protection from its creditors, it disclosed assets of
$32,896,605,516 and debts of $8,167,022,695.  WMI Investment
estimated assets of $500,000,000 to $1,000,000,000 with zero
debts.

WaMu is represented by Brian Rosen, Esq., at Weil, Gotshal &
Manges LLP in New York City; Mark D. Collins, Esq., at Richards,
Layton & Finger P.A. in Wilmington, Del.; and Peter Calamari,
Esq., and David Elsberg, Esq., at Quinn Emanuel Urquhart Oliver &
Hedges, LLP.  Fred S. Hodera, Esq., at Akin Gump Strauss Hauer &
Fled LLP in New York City and David B. Stratton, Esq., at Pepper
Hamilton LLP in Wilmington, Del., represent the Official Committee
of Unseucred Creditors.  Stephen D. Susman, Esq., at Susman
Godfrey LLP and William P. Bowden, Esq., at Ashby & Geddes, P.A.,
represent the Equity Committee.  Stacey R. Friedman, Esq., at
Sullivan & Cromwell LLP and Adam G. Landis, Esq., at Landis Rath &
Cobb LLP in Wilmington, Del., represent JP Morgan Chase, which
acquired WaMu's assets prior to the Petition Date.


WASHINGTON MUTUAL: Funds Unfazed by Report on $4BB Stock Transfer
-----------------------------------------------------------------
Bankruptcy Law360 reports that a cadre of investment funds refused
to back down Tuesday in its pursuit of $4 billion in securities
transferred from Washington Mutual Inc. to JPMorgan Chase Bank NA
on the eve of WaMu's bankruptcy, despite findings in an examiner's
report that cast doubt on the funds' claims.

                       About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owns
100% of the equity in WMI Investment.  When WaMu filed for
protection from its creditors, it disclosed assets of
$32,896,605,516 and debts of $8,167,022,695.  WMI Investment
estimated assets of $500,000,000 to $1,000,000,000 with zero
debts.

WaMu is represented by Brian Rosen, Esq., at Weil, Gotshal &
Manges LLP in New York City; Mark D. Collins, Esq., at Richards,
Layton & Finger P.A. in Wilmington, Del.; and Peter Calamari,
Esq., and David Elsberg, Esq., at Quinn Emanuel Urquhart Oliver &
Hedges, LLP.  Fred S. Hodera, Esq., at Akin Gump Strauss Hauer &
Fled LLP in New York City and David B. Stratton, Esq., at Pepper
Hamilton LLP in Wilmington, Del., represent the Official Committee
of Unseucred Creditors.  Stephen D. Susman, Esq., at Susman
Godfrey LLP and William P. Bowden, Esq., at Ashby & Geddes, P.A.,
represent the Equity Committee.  Stacey R. Friedman, Esq., at
Sullivan & Cromwell LLP and Adam G. Landis, Esq., at Landis Rath &
Cobb LLP in Wilmington, Del., represent JP Morgan Chase, which
acquired WaMu's assets prior to the Petition Date.

WASHINGTON MUTUAL: Objects to Derivative Claims of Bondholders
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Washington Mutual Inc. is asserting that it has no
liability on fraud claims to individual holders of bonds issued by
its failed bank subsidiary.  Holders of bonds issued by the bank
subsidiary filed a proof of claim against the parent, contending
that the holding company made fraudulent representations that
caused them to buy bonds issued by the bank. The holding company
responded by filing papers in October contending that only the
Federal Deposit Insurance Corp. has the right to file a claim
based on the misrepresentations.  The FDIC agrees with WaMu's
theory and says it will settle the claim as part of the global
settlement with WaMu.  A hearing on the matter is scheduled for
Nov. 23.

Washington Mutual Inc., et al., ask the U.S. Bankruptcy Court for
the District of Delaware to overrule the misrepresentation
objection filed by WMB noteholders.  WMB noteholders requested
that the Court temporarily allow the WMB noteholders' proofs of
claim with respect to the misrepresentation claim for voting
purposes under the Plan.

The Debtors explain that the WMB noteholders must vote their
claims only in accordance with the Plan and the procedures.
Specifically, the Plan provides that a WMB senior notes claim and
a WMB subordinated notes claim are unsecured claims.  Thus, a WMB
senior notes claim and a WMB subordinated notes claim include any
claim the claim holder may assert based on mispresentation.

The Debtors add that the Plan and the DS order entered adequately
deal with the WMB noteholders' claims.  The WMB noteholders who
hold WMB senior note claims will be allowed to vote on the Plan in
the amount of their claim.  The holders of the WMB subordinated
notes claim will be deemed to have rejected the Plan and the claim
holders will not be permitted to vote.

                      Claims of Bond Claimants

In a separate filing, The Federal Insurance Corporation, as
receiver for Washington Mutual Bank, asked the Court to disallow
the claims of holders of certain subordinated notes issued by
Washington Mutual Inc., and WMI Investment Corp.  The FDIC
explains that the bond claimant claim lack standing to assert
those claims and the claims are subject to mandatory
subordination.

Substantially, all of the claims asserted by the bond claimants
were asserted by the FDIC-Receiver in the FDIC-R POC and will be
resolved as part of the Global Settlement Agreement.

                      Global Settlement & Plan

As reported by the Troubled Company Reporter, the Debtor on
October 6, 2010, filed with the Court a proposed Plan of
Reorganization and Disclosure Statement.  The Plan and Disclosure
Statement are premised upon consummating an amended and restated
global settlement agreement and JPMorgan Chase Bank, N.A.  The
Plan, Disclosure Statement, and the Settlement have the full
support of the FDIC, JPMC, certain debtholders, and Washington
Mutual Bank, and the Official Committee of Unsecured Creditors.

The Plan contemplates, among other things, distribution of funds
to holders of allowed claims against the estate in excess of
roughly $7 billion, including roughly $4 billion of previously
disputed funds on deposit with JPMC.  WMI believes the Settlement
will result in significant recoveries for the estate's
stakeholders and is in the best interests of the estate.

Pursuant to the settlement, DBR notes the FDIC has agreed to hand
over to JPMorgan $2.1 billion worth of tax refunds that, according
to WaMu bondholders, should be used to pay them, not pad the
coffers of its new owner.  What the FDIC received in return was a
split of the tax refunds and immunity from lawsuits over its role
in the deal.

The Bankruptcy Court will consider confirmation of the Plan at a
hearing at 1:00 p.m. on Dec. 1, 2010, in Wilmington, Del.
Objections, if any, must be filed and served by 4:00 p.m.,
prevailing Eastern Time, on Nov. 19, 2010.  Copies of the debtor's
solicitation documents, the plan, and the disclosure statement are
available at http://kccllc.net/wamu/at no charge.

                     About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  When WaMu filed for
protection from its creditors, it disclosed assets of
$32,896,605,516 and debts of $8,167,022,695.  WMI Investment
estimated assets at $500 million to $1 billion with zero
debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP, serve as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP, serves as legal counsel to WMI with
responsibility for the Chapter 11 case.


WASHINGTON TIMES: Wins $40,000 in Damages From Petitioner
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that filing an unsuccessful involuntary bankruptcy
petition against Washington Times LLC cost Richard A. Steinbronn
$40,000.

On October 27, the Hon. S. Martin Teel, Jr., of the U.S.
Bankruptcy Court for the District of Columbia granted The
Washington Times LLC's request to dismiss the involuntary petition
filed by Mr. Steinbronn.

Mr. Rochelle notes that Mr. Steinbronn consented to having a
$40,000 judgment entered against him.  Mr. Steinbronn also
admitted that he didn't have the right to file the petition on
behalf of two companies that joined him as involuntary
petitioners.  By agreeing to the judgment, Mr. Steinbronn avoided
the possibility that the bankruptcy judge, in addition, would
assess punitive damages for a bad faith filing, according to
Mr. Rochelle.

Washington, DC-based The Washington Times LLC -- aka The
Washington Times, washingtontimes.com, Washington Times National
Weekly Edition, News World Communications, Inc., and News World
Communications -- is the publisher of The Washington Times
newspaper, which has a daily circulation of approximately 38,587.

Richard Steinbronn filed on October 21, 2010, an involuntary
Chapter 11 petition for TWT (Bankr. D.C. Case No. 10-01041).  TWT
is represented by Richard E. Lear at Holland & Knight LLP.


WAVE SYSTEMS: Posts $1.18 Mil. Net Loss for September 30 Quarter
----------------------------------------------------------------
Wave Systems Corp. filed its quarterly report on Form 10-Q,
reporting a net loss of $1.18 million on $6.69 million of total
net revenues for the three months ended Sept. 30, 2010, compared
with a net loss of $478,716 on $4.84 million of total net revenues
for the same period a year ago.

The Company's balance sheet at Sept. 30, 2010, showed
$9.92 million in total assets, $7.18 million in total liabilities,
and stockholder's equity of $2.74 million.

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

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave's independent registered public accounting firm has issued a
report dated March 16, 2010, that includes an explanatory
paragraph referring to its significant operating losses and
substantial doubt about its ability to continue as a going
concern.


WEST CORP: S&P Assigns 'B' Rating to $650 Mil.  Senior Notes
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned Omaha, Neb.-based
business process outsourcer West Corp.'s proposed $650 million
senior unsecured notes due 2019 its 'B' issue-level rating (one
notch lower than the 'B+' corporate credit rating on the company).
The recovery rating on this debt is '5', indicating S&P's
expectation of modest (10% to 30%) recovery in the event of a
payment default.  The company will use proceeds from the proposed
transaction and some cash on the balance sheet to redeem its
$650 million 9.5% senior notes due 2014.

The corporate credit rating on West is 'B+' and the rating outlook
is stable.  For the 12 months ended Sept. 30, 2010, West's lease-
adjusted total debt to EBITDA was 5.6x -- a moderate decline from
5.9x at the end of 2009.  S&P expects ongoing acquisition activity
that could limit the extent of any further leverage decline.  For
the quarter ended Sept. 30, 2010, West's revenue and EBITDA
increased 6% and 5%, respectively.  Quarterly revenue at the
unified communications segment increased 10.5% year over year and
quarterly revenue at the communication services segment (mostly
call agents) increased 1.6% year over year.  Similar to most
companies with sizable international operations, exchange rate
movement was a modest negative factor for revenue and EBITDA in
the quarter.  For the 12 months ended Sept. 30, 2010, West's
EBITDA margin was 26.6% -- a slight expansion from 26.2% at the
end of 2009, driven by a higher portion of revenues from the
unified communications segment, which has higher margins than
communication services.  S&P expects that margin expansion will
continue as the company's newer services within unified
communications gain traction with customers, notwithstanding
ongoing pricing pressure from clients and competitors.

                           Ratings List

                            West Corp.

          Corporate Credit Rating         B+/Stable/--

                            New Rating

                            West Corp.

                $650M sr unsecd nts due 2019    B
                  Recovery Rating               5


W.R. GRACE: Proposes to Acquire 50% Interest in GR 2008 LP
----------------------------------------------------------
W.R. Grace & Co. and its debtor affiliates seek authority from
Judge Judith Fitzgerald of the U.S. Bankruptcy Court for the
District of Delaware to acquire all or substantially all of the
assets of a small start-up technology company.  The Debtors
withheld the name of the seller to protect the confidentiality of
the proposed transaction.

The Seller's assets include its 50% limited liability company
interest in GR 2008 LLC, an Ohio limited liability, of which
Debtor W.R. Grace & Co.-Conn. owns the other 50% limited liability
company interest.

The aggregate purchase price for the assets is $7.5 million plus
certain contingent payments pursuant to an asset purchase
agreement, a redacted copy of which is available for free at:

       http://bankrupt.com/misc/gracegr2008apa.pdf

According to Adam Paul, Esq., at Kirkland & Ellis LLP, in Chicago,
Illinois, Grace entered into the GR 2008 joint venture with the
Seller because it believed that the Seller's technology, on which
the Seller has filed a number of patents, could be used to develop
equipment and software applications of significant value for the
concrete industry.  The Debtors now wish to obtain exclusive
ownership of that technology and the technology developed by and
for GR 2008.

The APA specifically provides that:

  (a) Grace will purchase substantially all of the assets of the
      Seller, including the Seller's 50% interest in GR 2008 and
      the Seller's 100% interest in its finance subsidiary,
      Finance LLC;

  (b) the Seller will also assign to Grace or GR 2008, and Grace
      or GR 2008 will assume, the lease of the Seller's facility
      near Cincinnati, Ohio;

  (c) Grace or GR 2008 will assume trade payables and other
      ordinary course current liabilities; and

  (d) Grace and GR 2008 will be indemnified by the Seller
      against claims arising with respect to non-assumed
      liabilities of the Subject Assets, including all
      liabilities of Finance LLC.

The purchase price for the Subject Assets will be (a) $7 million,
subject to a potential downward purchase price adjustment with
respect to working capital, payable at the closing; (b) $500,000
payable 18 months after the closing date, subject to deductions
for amounts indemnified by the Seller under the APA; and (c) up to
a maximum of $12 million in contingent payments annually.

For the calendar years ending on each December 31 from
December 31, 2011, through the year ending December 31, 2020,
Grace or GR 2008 will make these annual payments to the Seller,
but in no event will the total Earn-out Payment exceed $12 million
in the aggregate:

   (i)(A) for each of the calendar years ending December 31,
       2011, through December 31, 2015, $200 multiplied by the
       number of "Systems," as defined in the APA, shipped by
       Grace during that year; and (B) for each of the calendar
       years ending December 31, 2016, through December 31,
       2020, $100 multiplied by the number of Systems shipped by
       Grace during that year;

  (ii) for each of the calendar years ending December 31, 2012,
       through December 31, 2020, an amount equal to $25
       multiplied by the cumulative number of Systems shipped by
       Purchaser after December 31, 2011; and

(iii) an amount equal to $50 multiplied by the number of "Slump
       Meters," as defined in the APA, shipped by Grace during
       that year.

Mr. Paul tells the Court that GR 2008 currently owes Grace
approximately $600,000 for deferred payment of Grace's services
under a joint development agreement and a services agreement.  As
a condition to the closing of the transaction, the Seller and
Grace will each contribute to GR 2008 half the amount of the
obligation and GR 2008 will then pay Grace the full amount owing
to it under the JDA and the Services Agreement.

Other conditions to, and deliverables for, the closing include:

  (a) delivery of non-competition agreements by the Seller and
      the Seller's major equity interest holders and
      representatives specified in the APA;

  (b) employment agreements with key employees;

  (c) notification of the transaction by the Seller to third
      parties claiming rights in the proceeds of the
      transaction;

  (d) Grace will have determined its sole discretion that there
      are no intellectual property issues that could have a
      material adverse effect on the subject business or
      prospects thereof;

  (e) Grace will have obtained the consent of the landlord
      taking the assignment of the Lease and Court approval for
      the assumption of the Lease and any other agreements
      material to the subject business;

  (f) Grace will have obtained from the Landlord an extension of
      the Lease, which otherwise expires on April 30, 2011, on a
      monthly basis and allowing for termination at six months
      notice; and

  (g) the relevant boards of Grace and the Seller will have
      approved the transaction contemplated by the APA.

The Debtors, according to Mr. Paul, believes the proposed
transaction is in the best interest of their estates, is grounded
in sound business reasoning, and satisfies the "sound business
judgment" test for the use of assets outside the ordinary course
of business under Section 363 of the Bankruptcy Code.

                         About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring effort.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


W.R. GRACE: Seeks Nod of Associated Int'l Settlement
----------------------------------------------------
W.R. Grace & Co. and its units ask the Bankruptcy Court to approve
a settlement they entered into with Associated International
Insurance Company.

Associated International issued a single policy of excess
liability insurance that provides insurance coverage to Grace.
The Subject Policy was issued for the period June 30, 1979, to
June 30, 1982.  The Subject Policy provides coverage in the amount
of $5 million part of a quota share layer of $50 million per
occurrence and in the aggregate for each annual period for
products and completed operations hazard, all in excess of $100
million underlying limits.

Grace has incurred and may incur in the future certain
liabilities, expenses and losses arising out of asbestos-related
claims, for which Grace seeks coverage under the Subject Policy.
Disputes have arisen between Grace and Associated International
regarding their rights and obligations under the Subject Policy
with respect to coverage for asbestos-related claims.

The Agreement provides for Associated International to pay to the
Asbestos Personal Injury Trust, to be created pursuant to the
Debtors' Plan of Reorganization, $9.5 million in four equal
quarterly installments.

Lisa G. Esayian, Esq., at Kirkland & Ellis LLP, in Chicago,
Illinois, says the Agreement is beneficial to the Debtors given
that there is no need for litigation to compel payment of the
amount and enforce the assignment by the Debtors to the Trust of
rights under the Subject Policy.  The Agreement, she notes, is
also a compromise of defenses that Associated International might
have with respect to coverage for any individual Asbestos PI
Claim.

The Agreement includes a complete, mutual release of all claims
under the Subject Policy and is structured as a sale of property
pursuant to Section 363 of the Bankruptcy Code.

The Agreement further provides that if the Plan is confirmed, the
Trust, at its own expense, will enforce the Asbestos PI Channeling
Injunction with respect to Asbestos PI Claims subject to the
Asbestos PI Channeling Injunction that are asserted against
Associated International under the Subject Insurance Policy,
provided, however, that the Trust's obligation in this respect is
limited to expending a sum not to exceed the amount received by
the Trust in the settlement.

A full-text copy of the Associated International Agreement is
available for free at http://bankrupt.com/misc/graceassocdeal.pdf

                         About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring effort.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


W.R. GRACE: Reports $970-Mil. Excess Insurance Coverage for Q3
--------------------------------------------------------------
W.R. Grace & Co. holds insurance policies that provide coverage
for the period 1962 to 1985 with respect to asbestos-related
lawsuits and claims.  Grace has entered into settlement agreements
with the insurers.

As of September 30, 2010, there remains approximately $970 million
of excess coverage from 54 presently solvent insurers, Grace
disclosed in its Form 10-Q filed with the U.S. Securities and
Exchange Commission on November 5, 2010.  The amount, the Company
said, excludes the effect of settlements that are dependent on the
effectiveness of the Joint Plan of Reorganization filed with the
U.S. Bankruptcy Court for the District of Delaware on September
19, 2008, and after subtracting previous reimbursements by
insurers and allowing for discounts pursuant to certain settlement
agreements that are not dependent on the effectiveness of the
Joint Plan.

Grace has entered into settlement agreements, which are not
dependent on the effectiveness of the Joint Plan, with various
excess insurance carriers.  These settlements involve amounts paid
and to be paid to Grace.  The unpaid maximum aggregate amount
available under these settlement agreements is approximately $487
million.

With respect to asbestos-related personal injury claims, these
settlement agreements generally require that the claims be spread
over the claimant's exposure period and that each insurer pay a
pro rata portion of each claim based on the amount of coverage
provided during each year of the total exposure period.

Excluding settlement agreements that are dependent on the
effectiveness of the Joint Plan, Grace said it has no agreements
in place with insurers with respect to approximately $483 million
of excess coverage.  Those policies are at layers of coverage that
have not been triggered, but certain layers would be triggered if
the plan of reorganization filed on January 13, 2005, referred to
as the "Prior Plan," became effective at the recorded asbestos-
related liability of $1.7 billion.

In estimating its ultimate insurance recovery, Grace has assumed
that its unsettled excess coverage would be available on terms
that are substantially similar to the existing settlement
agreements.  Unless the Joint Plan becomes effective and asbestos-
related insurance rights are assigned to the PI Trust, Grace
believes that any allowed Zonolite Attic Insulation claims also
would be covered under the subject policies to the extent they
relate to installations of ZAI occurring after July 1, 1973.

In addition, Grace said it has approximately $253 million of
excess coverage with insolvent or non-paying insurance carriers.
Non-paying carriers are those that, although technically solvent,
are not currently meeting their obligations to pay claims.  Grace
added that it has filed and continues to file claims in the
insolvency proceedings of these carriers.  Grace periodically
receives distributions from some of these insolvent carriers.

Grace has also entered into settlement agreements, which are
dependent on the effectiveness of the Joint Plan, with
underwriters of a portion of Grace's excess insurance coverage.
Under these agreements, the insurers have agreed, subject to
certain conditions, to pay to the Personal Injury Trust (directly
or through an escrow arrangement) an aggregate of approximately
$236 million in respect of claims for which Grace was provided
coverage under the affected policies.  Certain other insurers have
agreed, subject to certain conditions, to reimburse the PI Trust
on terms that are substantially similar to the existing settlement
agreements.  Due to the open contingencies in these settlement
agreements, Grace said it has not recorded this amount or reduced
its asbestos insurance receivable balance.

                         About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring effort.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


* Individual Bankruptcies Up, Commercial Filings Down
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the almost 130,000 bankruptcy filings in October
represented a 1.7% increase from the daily rate in September and
the third-highest total for any month this year.

American Bankruptcy Institute reports that the 1,222,589 total
U.S. bankruptcies filed for the first nine months of 2010 (Jan. 1
- Sept. 30) represented an 11 percent increase over the 1,100,035
cases filed over the same period in 2009, according to data
released by the Administrative Office of the U.S. Courts.

Mr. Rochelle, citing court records compiled by Epiq Systems Icn.,
added that bankruptcies may total almost 1.6 million this year,
about 10% more than the 1.45 million in 2009.  Filings last year
climbed 32% from 2008.

According to the Bloomberg report, while total filings increase,
commercial bankruptcies and Chapter 11 reorganizations are
declining this year.  Through October, Chapter 11s by larger
companies filing to reorganize or liquidate are on track to
decline about 9.5% compared with the almost 15,200 in 2009, Kansas
City, Kansas-based Epiq said in its report.

Commercial filings, which include businesses in all forms of
bankruptcy, are declining 3.7% from the almost 90,000 in 2009.


* 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 J-Rag, Inc.
        dba Vue Marketing
   Bankr. N.D. Ala. Case No. 10-06491
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/alnb10-06491.pdf

In Re Abdi Fay Sagati
        aka Abdi Forough Sagati
   Bankr. C.D. Calif. Case No. 10-23838
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re CLG Properties LLC
   Bankr. C.D. Calif. Case No. 10-23859
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re Michael Wood
        aka Mike Wood
   Bankr. E.D. Calif. Case No. 10-49032
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re Dean Joseph Rositano
      Julie Tina Rositano
   Bankr. N.D. Calif. Case No. 10-61404
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re El Sol De America Inc.
   Bankr. D. D.C. Case No. 10-01081
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re Ace Air Conditioning, Plumbing and Electrical Service, Inc.
   Bankr. M.D. Fla. Case No. 10-19744
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/flmb10-19744.pdf

In Re Harris Roof Systems, Inc.
   Bankr. M.D. Fla. Case No. 10-26600
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/flmb10-26600.pdf

In Re Ace Electrical Service, Inc.
   Bankr. M.D. Fla. Case No. 10-19743
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/flmb10-19743.pdf

In Re Terra Lopez Holdings, LLC
   Bankr. M.D. Fla. Case No. 10-26610
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/flmb10-26610.pdf

In Re Jean-Sebastien Gros
      Trisha K. Gros
   Bankr. S.D. Fla. Case No. 10-43859
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/flsb10-43859.pdf

In Re Larry Hansford
      Geneva Hansford
   Bankr. M.D. Ga. Case No. 10-71786
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/gamb10-71786.pdf

In Re Taron Development, LLC
   Bankr. N.D. Ga. Case No. 10-24966
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re Tie, Inc.
        dba Brothers Trade Print Exchange
        dba Affiliated Graphics
        dba Accent Mail
   Bankr. N.D. Ga. Case No. 10-92601
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/ganb10-92601.pdf

In Re Sundowner of Kentucky, Inc.
        dba Sunrise RV & Trailer Center
        fdba Cambron Trailers
   Bankr. W.D. Ky. Case No. 10-35763
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/kywb10-35763.pdf

In Re Vu D. Tran
      Tuyen M. Tran
   Bankr. D. Md. Case No. 10-35025
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/mdb10-35025.pdf

In Re Fernando Soares
      Esdras Freitas
   Bankr. D. Mass. Case No. 10-21971
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/mab10-21971.pdf

In Re Jerry O. DeFilpo
   Bankr. D. Mass. Case No. 10-21970
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/mab10-21970.pdf

In Re Brians Dream LLC
        aka The Queen City Diner
        aka Renas Diner
   Bankr. D. N.J. Case No. 10-44045
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re Frank A. Falco
   Bankr. D. N.J. Case No. 10-44032
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/njb10-44032.pdf

In Re 430 East Realty Corp.
   Bankr. S.D. N.Y. Case No. 10-15726
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/nysb10-15726.pdf

In Re Calvert & Melton Investments, LLC
   Bankr. W.D. N.C. Case No. 10-11290
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/ncwb10-11290.pdf

In Re Aqua Toy Store, Inc.
   Bankr. W.D. Pa. Case No. 10-27811
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/pawb10-27811.pdf

In Re Thomas Alan Burgner
        dba Tabco Enterprises
   Bankr. E.D. Tenn. Case No. 10-16495
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/tneb10-16495.pdf

In Re Cottonwood Creeks Investments, Ltd.
   Bankr. N.D. Texas Case No. 10-37751
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/txnb10-37751.pdf

In Re ReoStar Gathering, Inc.
   Bankr. N.D. Texas Case No. 10-47198
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/txnb10-47198.pdf

In Re ReoStar Operating Inc.
   Bankr. N.D. Texas Case No. 10-47203
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/txnb10-47203.pdf

In Re Richard Baca, Jr.
      Patricia Ann Baca
   Bankr. N.D. Texas Case No. 10-47214
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/txnb10-47214.pdf

In Re Joe and Abe Enterprises, L.L.C.
   Bankr. S.D. Texas Case No. 10-39813
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/txsb10-39813.pdf

In Re Antonio Manuel Salazar
        aka Tony Salazar
      Sarah Jean Salazar
   Bankr. W.D. Texas Case No. 10-13108
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/txwb10-13108.pdf

In Re Giridhar Dhananjayan Manicka
        aka Gary Manicka
   Bankr. E.D. Va. Case No. 10-19299
     Chapter 11 Petition filed November 1, 2010
         filed pro se

In Re Romio's Franchise Group, Inc.
   Bankr. W.D. Wash. Case No. 10-23208
      Chapter 11 Petition filed November 1, 2010
         See http://bankrupt.com/misc/wawb10-23208.pdf

In Re Agapee Services Inc.
   Bankr. D. Ariz. Case No. 10-35385
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Jorge Zuniga
   Bankr. C.D. Calif. Case No. 10-23892
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/cacb10-23892.pdf

In Re Daniel  Sanders
        dba Sanders Enterprises
        dba Bird House Barn
        dba Backcountry Realty
   Bankr. S.D. Calif. Case No. 10-19607
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Out Island Properties, Inc.
   Bankr. S.D. Fla. Case No. 10-43936
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/flsb10-43936.pdf

In Re 9921 R-Town LLC
   Bankr. D. Md. Case No. 10-35072
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/mdb10-35072.pdf

In Re Soueidan Al-Reef Restaurant, Inc.
        dba Sweet Mikes Auto Wash II
   Bankr. E.D. Mich. Case No. 10-73605
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/mieb10-73605p.pdf
         See http://bankrupt.com/misc/mieb10-73605c.pdf

In Re Jose Luis Mercado
        aka Luis Mercado
      Ines Mercado
   Bankr. D. Nev. Case No. 10-30954
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/nvb10-30954.pdf

In Re Brent David Bowen
      Elizabeth Hanson Bowen
   Bankr. W.D. Pa. Case No. 10-27827
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Crestview Custom Homes, LLC
   Bankr. E.D. Texas Case No. 10-43861
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Cronus Development Corporation
   Bankr. S.D. Texas Case No. 10-70779
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Deux Real State Corporation
   Bankr. S.D. Texas Case No. 10-70778
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Great Sovereign Properties LLC
   Bankr. S.D. Texas Case No. 10-40083
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Henry S. Meyer
        dba Law Offices of Henry S. Meyer
   Bankr. W.D. Texas Case No. 10-54310
     Chapter 11 Petition filed November 2, 2010
         filed pro se

In Re Sustainable Enterprises, LLC
   Bankr. W.D. Wash. Case No. 10-23257
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/wawb10-23257.pdf

In Re Monster Properties, LLC
   Bankr. S.D. W.Va. Case No. 10-40347
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/wvsb10-40347.pdf

In Re B.P.R. Holdings, LLC
   Bankr. W.D. Wis. Case No. 10-18105
      Chapter 11 Petition filed November 2, 2010
         See http://bankrupt.com/misc/wiwb10-18105.pdf

In Re The Rib House, LLC
   Bankr. N.D. Ala. Case No. 10-43117
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/alnb10-43117.pdf

In Re Palm House Inc.
        dba Palm House Recovery Home
  Bankr. C.D. Calif. Case No. 10-57454
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/cacb10-57454.pdf

In Re W.C. Brown Welding, Inc.
  Bankr. C.D. Calif. Case No. 10-45795
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/cacb10-45795.pdf

In Re Scott T. Wells
  Bankr. M.D. Fla. Case No. 10-26733
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/flmb10-26733.pdf

In Re RGC Millwork Incorporated
   Bankr. D. Mass. Case No. 10-45510
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/mab10-45510.pdf

In Re Richard R. Rada
   Bankr. D. Mass. Case No. 10-22098
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/mab10-22098.pdf

In Re VIP Grand Events, Inc
    Bankr. S.D. Miss. Case No. 10-03875
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/mssb10-03875.pdf

In Re Ace Installers Corp.
        aka Accurate Custom Entrances
   Bankr.  E.D. N.Y. Case No. 10-50392
     Chapter 11 Petition filed November 3, 2010
         filed pro se

In Re O.P.B.S. An Ohio Limited Partnership
   Bankr. N.D. Ohio Case No. 10-37447
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/ohnb10-37447.pdf

In Re 1976 Pizza Corp.
   Bankr. E.D. Pa. Case No. 10-19592
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/paeb10-19592.pdf

In Re Frank nmn Hayes, III
        dba United Doshia, LLC
        dba Hayes Contracting, Inc.
      Janice nmn Hayes
   Bankr. E.D. Tenn. Case No. 10-16532
      Chapter 11 Petition filed November 3, 2010
         See http://bankrupt.com/misc/tneb10-16532p.pdf
         See http://bankrupt.com/misc/tneb10-16532c.pdf

In Re Mid South Tank Lines II, LLC
   Bankr. E.D. Ark. Case No. 10-17994
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/areb10-17994.pdf

In Re Taxstar Income Tax Service Inc.
        aka Taxstar Income Tax Service Taxstar
   Bankr. C.D. Calif. Case No. 10-24021
     Chapter 11 Petition filed November 4, 2010
         filed pro se

In Re Employment Partnering Services, Inc.
  Bankr. S.D. Calif. Case No. 10-19737
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/casb10-19737.pdf

In Re Haciendas Holdings Company, LLC
  Bankr. S.D. Calif. Case No. 10-19736
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/casb10-19736.pdf

In Re Horseshoe Point, LLC
   Bankr. D. Md. Case No. 10-35208
     Chapter 11 Petition filed November 4, 2010
         filed pro se

In Re Anthony W. De Vries
      Joy L. De Vries
   Bankr. D. Nev. Case No. 10-31020
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/nvb10-31020.pdf

In Re Miguel Hernandez
      Carmen H. Hernandez
   Bankr. D. Nev. Case No. 10-31064
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/nvb10-31064.pdf

In Re Correct Energy Environments, Inc.
   Bankr. N.D. N.Y. Case No. 10-14135
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/nynb10-14135.pdf

In Re Pete's Pub, Inc.
   Bankr. W.D. N.Y. Case No. 10-14751
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/nywb10-14751.pdf

In Re Train Up a Child Daycare & Learning Center, Inc.
   Bankr. W.D. Pa. Case No. 10-27869
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/pawb10-27869.pdf

In Re Peter A. Schaub
   Bankr. W.D. Wash. Case No. 10-23358
      Chapter 11 Petition filed November 4, 2010
         See http://bankrupt.com/misc/wawb10-23358.pdf

In Re Commonwealth Construction & Development, Inc.
        ta Tri-State Housing
   Bankr. W.D. Va. Case No. 10-72652
      Chapter 11 Petition filed November 5, 2010
         See  http://bankrupt.com/misc/vawb10-72652.pdf

In Re Hibiscus Equity, LLC
   Bankr. D. Ariz. Case No. 10-35919
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/azb10-35919.pdf

In Re Hamby & Hamby Family Wellness Clinic, PLLC
        aka Hamby & Hamby Family Medical Clinic
   Bankr. W.D. Ark. Case No. 10-75847
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/arwb10-75847.pdf

In Re Randall Villas LLC
  Bankr. C.D. Calif. Case No. 10-45964
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/cacb10-45964.pdf

In Re Lack/Skinner Enterprises, Inc.
        Fdba Big O Tires
  Bankr. E.D. Calif. Case No. 10-49319
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/caeb10-49319.pdf

In Re LLF Incorporated
        dba Signsplus
        fdba Speedpro - Signsplus
  Bankr. M.D. Fla. Case No. 10-09730
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/flmb10-09730p.pdf
         See http://bankrupt.com/misc/flmb10-09730c.pdf

In Re RPP518, LLC
        dba Rotelli Pizza and Pasta
  Bankr. S.D. Fla. Case No. 10-44253
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/flsb10-44253.pdf

In Re Architectural Ornamental Castings, Inc.
  Bankr. M.D. Ga. Case No. 10-71816
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/gamb10-71816.pdf

In Re Victor Herrington
      Diane Herrington
   Bankr. C.D. Ill. Case No. 10-92288
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/ilcb10-92288.pdf

In Re Central Railink Services, LLC
   Bankr. N.D. Ill. Case No. 10-49723
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/ilnb10-49723.pdf

In Re Central Illinois Railroad Company
   Bankr. N.D. Ill. Case No. 10-49718
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/ilnb10-49718.pdf

In Re Central Illinois Railroad Holdings, LLC
     dba Railroad Services Group
   Bankr. N.D. Ill. Case No. 10-49722
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/ilnb10-49722.pdf

In Re The Charles G. Mack Entertainment Services, Inc.
        dba Moe & Johnny's
   Bankr. S.D. Ind. Case No. 10-16748
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/insb10-16748.pdf

In Re The Art Stores, LLC
        dba The Art Store
   Bankr. S.D. Iowa Case No. 10-05418
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/iasb10-05418.pdf

In Re Robert Andrew Swift
      Rebecca Louise Swift
        fka Rebecca Mantlo
        fka Rebecca Mantlo-Swift
   Bankr. W.D. Mich. Case No. 10-13250
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/miwb10-13250.pdf

In Re Indian National Finals Rodeo, Inc.
   Bankr. D. Nev. Case No. 10-31085
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/nvb10-31085.pdf

In Re Broadway Bulls, LLC
   Bankr. W.D. N.C. Case No. 10-11307
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/ncwb10-11307.pdf

In Re Nolan Properties, LLC
        dba Harrison Enterprises
   Bankr. E.D. Tenn. Case No. 10-35352
      Chapter 11 Petition filed November 5, 2010
         See http://bankrupt.com/misc/tneb10-35352p.pdf
         See http://bankrupt.com/misc/tneb10-35352c.pdf

In Re Western Healthcare Services
        dba Seasons Of Talladega
        dba Summer Place Living Facility
        dba Autumn Trace Living Facility
   Bankr. N.D. Ala. Case No. 10-43158
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/alnb10-43158.pdf

In Re Sharon Butticci
        aka Sharon Mongul
   Bankr. N.D. Calif. Case No. 10-14305
     Chapter 11 Petition filed November 8, 2010
         filed pro se

In Re Elements Industrial, LLC
   Bankr.  N.D. Ill. Case No. 10-49838
     Chapter 11 Petition filed November 8, 2010
         filed pro se

In Re Karl A. Szymanski
        dba Szymanski Koroll Litigation Group
      Cynthia Szymanski Koroll
        dba Szymanski Koroll Litigation Group
   Bankr. N.D. Ill. Case No. 10-75590
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/ilnb10-75590.pdf

In Re Maxim's Restaurant, Inc.
        dba Maxim's Restaurant
   Bankr. N.D. Ill. Case No. 10-49993
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/ilnb10-49993.pdf

In Re Nu-Concepts Window Corporation
   Bankr. N.D. Ill. Case No. 10-49844
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/ilnb10-49844.pdf

In Re Sepal Reproductive Devices, Inc.
   Bankr. D. Mass. Case No. 10-22248
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/mab10-22248.pdf

In Re Michael E. Spyrka
      Janine E. Ciferetto-Spyrka
   Bankr. D. N.J. Case No. 10-44796
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/njb10-44796.pdf

In Re S & K Trucking, Inc.
   Bankr. E.D. Pa. Case No. 10-19670
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/paeb10-19670.pdf

In Re DMB Enterprise
   Bankr. W.D. Wash. Case No. 10-23470
      Chapter 11 Petition filed November 8, 2010
         See http://bankrupt.com/misc/wawb10-23470.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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