TCR_Public/110908.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, September 8, 2011, Vol. 15, No. 249

                            Headlines

3G PROPERTIES: Plan Exclusivity Expires Sept. 16
12 BYFIELD: Closing Date of Exit Loan Extended Until Tomorrow
155 EAST TROPICANA: Amends Schedules of Assets and Liabilities
ACCELERATED MEMORY: Case Summary & 18 Largest Unsecured Creditors
AES THAMES: Hearing on Exclusivity Extension Set for Sept. 22

AGE REFINING: Committee Retains Integra Realty as Appraiser
ALION SCIENCE: S&P Lowers Corporate Credit Rating to 'CCC+'
ALISO COMMONS: Creditor Wins Dismissal of Chapter 11 Case
ALEXANDER GALLO: To Sell All Assets to H.I.G. via Ch. 11
ALT HOTEL: Wants Plan Filing Exclusivity Until Dec. 2

AMBAC FINANCIAL: Agrees to $14-Mil. Claim for One State Street
ANDRONICO'S MARKETS: Court Appoints RCI as Noticing/Claims Agent
ANDRONICO'S MARKETS: Has Court's Nod to Reject Stanford Lease
ANDRONICO'S MARKETS: Wants CEO Appointed as Responsible Individual
ARCHBOLD ELEVATOR: Receiver Reviews Bids for Firm

ARIZONA INSTITUTE: Trustee Wants Chapter 11 Case Dismissed
B MOSS CLOTHING: Avoidance Suit v. Shareholders May Be Amended
BERNARD L MADOFF: Picard Gets Favorable Ruling From Judge Wood
BERNARD L. MADOFF: Victims Seek Review of 2nd Circ. Ruling
BHG EL PASO: Voluntary Chapter 11 Case Summary

BION ENVIRONMENTAL: Has Extension Pacts With CEO and Chairman
BORDERS GROUP: Proposes $1.75-Mil. in Severance Payments
BORDERS GROUP: Initiates Lawsuit vs. Next Jump for Infringement
BORDERS GROUP: Pinsker Files Class Suit for WARN Act Violations
CASCO HOTEL: Files Schedules of Assets & Liabilities

CITIZENS DEVELOPMENT: Stipulation With Telesis on Hearings OK'd
CLAUDIO OSORIO: To Sell Mansion to Keep Control Over Estate
CORUS BANKSHARES: FDIC Says Ch. 11 Plan Violates Priority Rule
CRAWFORD FURNITURE: May Use Cash Collateral Until Sept. 16
CRAWFORD FURNITURE: Sec. 341 Creditors' Meeting Set for Oct. 3

CRYSTAL CATHEDRAL: Court OKs FTI Consulting to Work on Plan
CRYSTAL CATHEDRAL: Court OKs Prudential as Condominium Broker
CRYSTAL CATHEDRAL: Committee Withdraws Motion to End Exclusivity
D & D: Case Summary & 20 Largest Unsecured Creditors
DELPHI CORP: Judge Dismisses Claims Against Geithner

DELPHI CORP: Asks for Leave to File Counterclaim
DELPHI CORP: District Court Upholds Ruling on MFA Claim Denial
DELPHI CORP: Court Grants ATS' Summary Judgment Bid
DOE MOUNTAIN: Sec. 341 Creditors' Meeting Set for Sept. 30
DOE MOUNTAIN: Seeks to Employ Randy Skinner as Attorney

DYNEGY INC: Moody's Sees 'Bumpy Road' for Dynegy, Creditors
EARLY GROUP: Case Summary & 20 Largest Unsecured Creditors
ELEPHANT & CASTLE: Seeks to Hire Bellmark Partners as Advisor
ELEPHANT & CASTLE: Committee Authorized to Tap FTI as Advisor
EXIDE TECHNOLOGIES: Wants Until Nov. 30 for Removal of FDEP Suit

EXIDE TECHNOLOGIES: Has Until Oct. 31 to Object to Claims
EXIDE TECHNOLOGIES: Objects to Material Recovery's Claims
ENRON CORP: ECRC Files 27th Post-Confirmation Report
ENRON CORP: Fifth Circuit Upholds Merrill Exec.'s Conviction
ENRON CORP: Kenneth Lay Not Found Liable for $3.91-Mil. Deficiency

EVERGREEN SOLAR: Committee Has Protocol to Comply With Sec. 1102
EVERGREEN SOLAR: Gets Tentative Court OK for Auction Plan
EVERGREEN SOLAR: Creditors Pin Hopes on Chinese Joint Venture
FURNITURE DEALS: Commences Court-Ordered Liquidation Sale
GATEWAY METRO: Case Summary & 18 Largest Unsecured Creditors

GENBAND HOLDINGS: S&P Withdraws 'B' Corporate Credit Rating
GENERAL GROWTH: 30 Low-End Malls to Be Named Rouse in Spinoff
GENERAL GROWTH: Oakwood Suit Remanded to State Court
GROGAN ASSOCIATES: Down to 7 Employees, Gives Up Office Space
GUIDED THERAPEUTICS: Inks Agreement & Release With Maloof, et al.

HELLER EHRMAN: Sues Wham-O for $2.3 Million in Legal Fees
JEFFERSON, AL: Seeks State Aid for Budget Shortfall
KERNER OPTICAL: Shuts Down After Chapter 11 Plan Failed
LEHMAN BROTHERS: Court Approves Revisions to Plan Disclosures
LEHMAN BROTHERS: Debtor, Committee Wants JPM Claims Reduced

LEHMAN BROTHERS: Has Settlement With Superior Pipeline
LEHMAN BROTHERS: Court OKs Fraser Asset Management Deal
LEHMAN BROTHERS: Epiq to Provide Additional Services
LEHMAN BROTHERS: Wants Turnover of Giants Stadium Documents
LOS ANGELES DODGERS: Can Borrow $150 Million MLB DIP Financing

LOWER BUCKS: Can Use Cash Collateral Until Dec. 2
LYMAN LUMBER: Can Access an Add'l $3.7MM of Cash Collateral
LYMAN LUMBER: Committee Authorized to Tap Alliance as Consultant
MADISON 92ND: Gladstone Seeks Dismissal or Trustee Appointment
MAQ MANAGEMENT: Super Stop Fights Bank's Case Dismissal Request

MAQ MANAGEMENT: Bank Seeks Adequate Protection Payments
MARGAUX ORO: Use of Wells Fargo's Cash Extended Until Sept. 30
MARMC TRANSPORTATION: Files Ch. 11 Plan & Disclosure Statement
MARONDA HOMES: Combined Plan & Disclosures Hearing Set for Oct. 28
MCDONALD BROTHERS: Taps Northen Blue as Bankruptcy Counsel

MCDONALD BROTHERS: Wants to Use BB&T Cash Collateral
MERCED FALLS: Files Schedules of Assets & Liabilities
METAL STORM: Partners with Seven Companies to Provide FPS
METAL STORM: Maturity Date of Convertible Note Extended to 2012
METAL STORM: Proposes to Issue 25.5 Million Ordinary Shares

MINH VU HOANG: Chapter 7 Trustee May Amend Suit Over Asset Sale
MONARCH FLIGHT: Case Summary & 9 Largest Unsecured Creditors
MRA PELICAN: Receiver to Turnover Records for Schedules Completion
NEWPAGE CORP: Files for Chapter 11 With $4.2 Billion in Debt
NEWPAGE CORP: Business as Usual While in Chapter 11

NEWPAGE CORP: USW Prepares to Assist Members Following Bankruptcy
NEWPAGE CORP: Case Summary & 30 Largest Unsecured Creditors
NUKOTE INT'L: Small Dollar Venue Exception Applies to Trust's Suit
NUTRITION 21: Sec. 341 Creditors' Meeting Set for Sept. 21
OAKWOOD SHOPPING: Suit vs. Villa Fresh Remanded to State Court

OCEAN PLACE: AFP 104 Protests Adequacy of Disclosure Statement
OGAMDO CAFE: Voluntary Chapter 11 Case Summary
OMEGA NAVIGATION: Creditors Committee Retains Advisors
OMEGA NAVIGATION: Case Transferred Back to Judge Karen K. Brown
OTERO COUNTY: Files Schedules of Assets and Liabilities

OTTER TAIL: Chapter 11 Plan of Liquidation Effective
PATIO MARKET: Court Wants Plan Outline Revised
PERKINS & MARIE: Files Amended Chapter 11 Plan of Reorganization
PERKINS & MARIE: Hires Deloitte LLP as Tax Services Provider
PETTERS GROUP: 8th Cir. Says Suit Not Barred by Receivership Order

PIEDMONT HOUSING: Case Summary & 8 Largest Unsecured Creditors
PLAZA INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors
REHOBOTH HOSPITALITY: Case Summary & Creditors List
REITTER CORP: Wants Until Sept. 14 to File Amended Plan Outline
RIVER EAST: Stay Lifted on Asset; Trustee Wants Case Dismissal

RIVER EAST: LNV Wants Request for Plan Voting Extension Denied
RUMSEY LAND: Wants Court to Dismiss Chapter 11 Case
SEDONA DEVELOPMENT: DREP Wants Court to Deny Confirmation of Plan
SHENGDATECH INC: Judge Grants Injunction Against Former Chief
SHENGDATECH INC: Asks Until Oct. 3 to File Schedules

SHRI SAI: Case Summary & 5 Largest Unsecured Creditors
SIGNATURE STYLES: Panel Has Until Sept. 12 to Challenge Asset Sale
STATION CASINOS: Milbank Tweed Bills $36.4MM for Ch. 11 Work
STATION CASINOS: Fee Examiner Gets $45,000 Reduction in Fees
SUNOCO INC: Sale Plan Won't Affect Fitch Ratings & Outlook

SUNOCO INC: S&P Puts 'BB+' Corp. Credit Rating on Watch Negative
SWADENER INVESTMENT: Disclosure Statement Hearing Set for Sept. 27
TBS INTERNATIONAL: Reaches Deal With Banks on Payment Deferral
TERRESTAR NETWORKS: Elektrobit Object to Ch. 11 Disclosures
TRENTON PROPERTIES: Voluntary Chapter 11 Case Summary

TRIBUNE CO: Edward Jones Warns Stock Buyback Participants of Suit
TRUE NORTH: Hires CFCC Partners as Exclusive Financial Advisor
UNITED CONTINENTAL: Airlines May Pocket $1.3BB From Tax Delays
UNITED CONTINENTAL: First Boeing 787 Dreamliner Begins Assembly
UNITED CONTINENTAL: Reports July 2011 Traffic Results

UNIVERSAL BIOENERGY: Incurs $224,200 Second Quarter Net Loss
USAM CALHOUN: Case Summary & 2 Largest Unsecured Creditors
VYTERIS INC: To Stop Filing SEC Reports to Cut Costs
WASHINGTON MUTUAL: Judge Approves $105MM Truce With Investors
WEST END: Debuts Proposal to Liquidate Assets, Repay Creditors

WEST TERRACE: Case Summary & 9 Largest Unsecured Creditors
WILLIAMS LOVE: Can Access Prepetition Lenders' Cash Until Sept. 19

* Moody's: Cash Held By N.A. Manufacturers Falls as Others Hoard

* Alper Deniz Joins Brown Rudnick's London Office as Partner

* Recent Small-Dollar & Individual Chapter 11 Filings


                            *********


3G PROPERTIES: Plan Exclusivity Expires Sept. 16
------------------------------------------------
After failing to obtain approval of its Chapter 11 plan in July,
3G Properties, LLC, will see its exclusive period to solicit
acceptances for a Chapter 11 plan expire on Sept. 16, 2011.

Judge J. Rich Leonard of the U.S. Bankruptcy Court for the Eastern
District of North Carolina on July 28, 2011, granted the Debtor a
60-day extension, or until Sept. 16, of the exclusive period.

The Debtor has already presented to the court a proposed plan but
the plan was denied.

On July 12, 2011, the bankruptcy judge denied confirmation of the
Chapter 11 Plan, filed on Dec. 13, 2010, on the basis that "the
court does not foresee any change in the Debtor's circumstances
that would allow it to propose a plan to cure the defects
identified."

With the denial of the Plan, the bankruptcy court approved Capital
Bank's motion for the lifting of the stay so that it can pursue
its remedies with respect to its collateral.  The Court also
reconsidered its earlier denial of Southern Community Bank's
motion for relief from stay, dated Nov. 5, 2010, and allowed that
motion.

On July 26, 2011, the Debtor asked the Court to reconsider its
July 12, 2011 order as it pertains to the motion for relief from
automatic stay filed by Capital Bank.  According to the Debtor,
the Court made the determination despite not having heard any
argument or presentation from it regarding its intent or ability
to propose a revised plan of reorganization, following the
granting of relief from automatic stay to Southern Community Bank.

Judge Leonard has approved a stipulation between the Debtor and
Capital Bank extending the deadline by 60 days, or up to October
13, 2011, for Capital Bank to file any response to the Debtor's
motion for reconsideration on the denial of its reorganization
plan.  Judge Leonard also ordered that the hearing will not be
scheduled before Capital Bank can file any response to the motion
for reconsideration.

Capital Bank is represented by:

     Kevin L. Sink, Esq.
     Gregory B. Crampton, Esq.
     NICHOLLS & CRAMPTON, P.A.
     P.O. Box 18237
     Raleigh, North Carolina 27619
     Tel: (919) 827-0994
     Fax: (919) 782-0465

            - and -

     Paul A. Fanning, Esq.
     Ward & Smith, P.A.
     P.O. Box 8088
     Grenville, North Carolina 27835
     Phone: (252) 215-4027
     Fax: (252) 215-4077
     E-mail: paf@wardandsmith.com

                       About 3 G Properties

Wake Forest, North Carolina-based 3 G Properties, LLC, filed for
Chapter 11 bankruptcy (Bankr. E.D.N.C. Case No. 10-04763) on
June 14, 2010.  3 G Properties is a North Carolina limited
liability company formed as a result of the statutory merger of
three existing North Carolina limited liability companies: (1)
Lake Glad Road Partners, LLC, (2) Lake Glad Road Commercial, LLC,
and (3) Granville Park Partners, LLC.  The Debtor principally
operates two real estate projects located primarily in Granville
County, North Carolina: Triangle North Development and Highland
Trails Development.

Gregory B. Crampton, Esq., and Kevin L. Sink, Esq., at Nicholls &
Crampton, P.A., in Raleigh, N.C., represent the Debtor in its
restructuring effort.  The Company estimated its assets and debts
at $10 million to $50 million as of the Petition Date.


12 BYFIELD: Closing Date of Exit Loan Extended Until Tomorrow
-------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court of the Southern
District of New York has approved a motion of 12 Byfield LLC,
enforcing and aiding in consummation of the Debtor's chapter 11
plan, for an extension of the closing date to Sept. 9, 2011, of
the  $3 million exit financing from TDC Secured Strategies Fund,
LLC.

The judge overruled an objection of Customers USA Bank that the
motion is unnecessary.

Judge Drain ruled that Customers USA Bank and its successors and
assignees are bound by the terms of the Mortgage Subordination
Agreement.  Until a final resolution of the Allowed Secured Claim
of Customers USA Bank, the Debtor will pay 6% interest per annum
based on (a) the asserted $4,800,000 face amount of the loan to
Customers USA Bank on a monthly basis in accordance with the terms
of the Plan and (b) the difference between the face amount and the
amount of $5,735,197, the interest on the difference to be paid
into an interest bearing escrow account maintained by the Debtor's
counsel, Foley & Lardner LLP.  The escrow amount will be disbursed
upon a further order of the Court.

Any overpayments of interest received by Customers USA Bank will
be deemed prepayments on the allowed amount of the Claim and, in
the event that the amount exceeds the allowed amount of the Claim,
will be subject to disgorgement by Customers USA Bank.

                       About 12 Byfield, LLC

Redding, Connecticut-based 12 Byfield, LLC, was formed in May 2007
to construct a single family residence at the property, 2.69 acres
located at 12 Byfield Road, Greenwich, Connecticut.  The Company
filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 10-22740) on April 16, 2010.  Richard J. Bernard, Esq., and
Alissa M. Nann, Esq., at Baker & Hostetler LLP, assist the Company
in its restructuring effort.  The Company estimated $10 million to
$50 million in assets and $1 million to $10 million in debts as of
the Chapter 11 filing.


155 EAST TROPICANA: Amends Schedules of Assets and Liabilities
--------------------------------------------------------------
155 East Tropicana, LLC, filed with the U.S. Bankruptcy Court for
the District of Nevada amended schedules of assets and
liabilities, disclosing:

    Name of Schedule              Assets         Liabilities
    ----------------            -----------      -----------
A. Real Property               $46,700,000
B. Personal Property           $16,536,842
C. Property Claimed as
    Exempt
D. Creditors Holding
    Secured Claims                              $176,844,065
E. Creditors Holding
    Unsecured Priority
    Claims                                                $0
F. Creditors Holding
    Unsecured Non-priority
    Claims                                       $12,950,324
                                -----------     ------------
       TOTAL                    $63,236,842     $189,794,389

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

     http://bankrupt.com/misc/155easttropicana.amendedSAL.pdf

In the original schedules, the Debtor disclosed total secured
priority claims of $176,718,168, and unsecured non-priority claims
of $1,087,877.

                     About 155 East Tropicana

155 East Tropicana owns the world's first Hooters Casino Hotel, a
696-room and 4-suite hotel located one block from the Las Vegas
Strip and across Tropicana Blvd. from MGM Grand.

155 East Tropicana, LLC, along with an affiliate, sought
Chapter 11 protection (Bankr. D. Nev. Case No. 11-22216) on
Aug. 1, 2011.  155 East sought bankruptcy protection to stop a
scheduled foreclosure of the second-lien debt.  The two secured
credit facilities were accelerated early 2011.  Canpartners Realty
Holding Co. IV LLC acquired 98.4% of the $130 million in 8.75%
second-lien senior secured notes.  An additional $32.2 million of
interest is owing on the second-lien debt.  US Bank NA is the
indenture trustee.  Holders of the $14.5 million in first-lien
debt have Wells Fargo Capital Finance Inc. as their agent.  The
first-lien obligation is fully secured.  Interest has been paid
currently at the default rate.

Gerald M. Gordon, Esq., Brigid M. Higgins, Esq., and Candace C.
Clark, Esq., at Gordon & Silver, Ltd., in Las Vegas, Nevada, serve
as counsel to the Debtors in the Chapter 11 cases.  Garden City
Group, Inc., is the claims agent.

155 East Tropicana estimated $50 million to $100 million in assets
and $100 million to $500 million in liabilities as of the
Chapter 11 filing.


ACCELERATED MEMORY: Case Summary & 18 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Accelerated Memory Production, Inc., a California
        Corporation
          dba AMP, Inc.
        1317 East Edinger
        Santa Ana, CA 92705

Bankruptcy Case No.: 11-22470

Chapter 11 Petition Date: September 2, 2011

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

Judge: Theodor Albert

Debtor's Counsel: Robert P. Goe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman, Suite 510
                  Irvine, CA 92612
                  Tel: (949) 798-2460
                  Fax: (949) 955-9437
                  E-mail: kmurphy@goeforlaw.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 18 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/cacb11-22470.pdf

The petition was signed by Richard McCauley, president.


AES THAMES: Hearing on Exclusivity Extension Set for Sept. 22
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will
convene a hearing on Sept. 22, 2011, at 11:00 a.m., to consider
AES Thames, L.L.C.'s request to extend its exclusive periods to
file and solicit acceptances for the proposed chapter 11 plan.
Objections were due July 19.

As reported in the Troubled Company Reporter on June 9, 2011, the
Debtor is asking the Court to extend its exclusive periods to file
and solicit acceptances for the proposed chapter 11 plan until
Sept. 29, 2011, and Nov. 28, 2011, respectively.

The Debtor filed its request for an extension before the exclusive
plan proposal period was set to expire on June 1.

The Debtor related that it needs more time to address certain
matters relating to the bankruptcy filing, the use of assets that
may constitute cash collateral and various other operational
matters.  The Debtor has also been working with Connecticut Power
& Light, Smurfit Stone- Container Corporation and other parties
regarding its key contracts.

                        About AES Thames

Uncasville, Connecticut-based AES Thames, L.L.C., owns and
operates a coal-fired power plant located in Montville,
Connecticut.  The facility generates and sells electricity to
Connecticut Light and Power Company.  It also supplies processed
steam to a recycled paperboard mill owned by Smurfit-Stone
Container Corp.  AES Thames is a unit of AES Corp., the Arlington,
Virginia-based power producer with operations in 29 countries.

AES Thames filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 11-10334) on Feb. 1, 2011.  The increased cost of
energy production and the "uneconomic and onerous provisions" of a
steam sale agreement with Smurfit-Stone's predecessor led AES
Thames to seek bankruptcy protection.

Adam G. Landis, Esq., and Kerri K. Mumford, Esq., at Landis Rath &
Cobb LLP, in Wilmington, Delaware, serve as the Debtor's
bankruptcy counsel.

The Debtor tapped Murtha Cullina LLP as its special counsel;
Charles River Associates as its regulatory consultant, and
Houlihan Lockey Capital, Inc., as financial advisor and investment
banker.

According to court filings, based on the balance sheet as of
Dec. 1, 2010, total assets were $162 million, and the Debtor has
$52 million in short term liabilities and $122.6 million in long
term debt.  The TCR reported on March 30, 2011, that the Debtor
disclosed $156,747,507 in assets and $5,929,775 in liabilities.

On Feb. 15, 2011, the U.S. Trustee appointed an official Committee
of Unsecured Creditors in the Debtor's case.  The Committee tapped
FTI Consulting Inc. as its restructuring and financial advisor,
and Blank Rome LLP as its counsel.


AGE REFINING: Committee Retains Integra Realty as Appraiser
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Age Refining,
Inc. seeks to retain Integra Realty Resources - San Antonio as its
appraiser, valuation consultant, and expert.

Chase Capital Corporation filed a proof of claim, dated March 11,
2010, asserting a $40,212,084 claim for money loaned, as a secured
claim with any unsecured amount indicated as "unknown."  The
outstanding balance owed on the Chase Claim on the Petition Date
consisted of $30,062,495 on the first lien prepetition claim and
$10,149,589 consisting of the second lien prepetition claim.

After the Refinery Sale, Chase Capital was paid $36,000,000,
applied against the Chase Claim, resulting in a net remaining
balance on the claim of $4,212,084, plus any interest, cost, fees
or expenses to the extent authorized under Sections 506(a) and (b)
of the Bankruptcy Code, up to the value of the collateral securing
the prepetition liens of Chase Capital.

Included within the assets made part of the Refinery Sale and sold
to NuStar were certain assets that were not subject to the Chase
Claim -- Unencumbered Assets.  These Unencumbered Assets include
the Elmendorff Tank Farm, the rolling stock of AGE, and real
property adjacent to the refinery.

Chase Capital has filed a motion to compel payment of principal,
interest, and other charges pursuant to Sections 506(a) and (b).
The Creditors' Committee has filed an application to value the
secured claim of Chase Capital.  Both parties seek a determination
of the value of the secured claim under Section 506.  Intrinsic
within both motions is the value of collateral sold to NuStar as
part of the Refinery Sale.  According to the Creditors Committee,
the Refinery Sale process did not provide an allocation of the
sale proceeds or provide a specific purchase price for any of the
Unencumbered Assets.

In connection with its efforts to ascertain the fair market value
of the Unencumbered Assets, the Creditors Committee requires
appraisal and valuation consulting services, including related
expert testimony.  The testimony is critical in light of the Chase
Motion to Compel and the Committee Valuation Motion to ascertain
the value of the Chase Secured Claim and the Unencumbered Assets
which raises issues of the value of assets sold within the
Refinery Sale, the Creditors Committee relates.

The Integra Valuation Services Appraisal Agreement with the
Creditors' Committee also provides for testimony and expert
witness services in connection with Integra Realty's appraisals,
at a rate of $350 per hour, in addition to reimbursement of
Integra Realty's actual, out-of-pocket expenses.

The Creditors' Committee believes that Integra Realty does not
hold or represent any interest adverse to the Estate and that it
is a disinterested person as the term is defined in Section
101(14) of the Bankruptcy Code.

                        About Age Refining

Age Refining, Inc. owns a refinery in San Antonio, Texas.  It
manufactures, refines and markets jet fuels, diesel products,
solvents and other highly specialized fuels.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Texas Case No. 10-50501) on Feb. 8, 2010.  Aaron Michael
Kaufman, Esq., and Mark E. Andrews, Esq., at Cox Smith Matthews
Incorporated, in Dallas, represent the Chapter 11 debtor.  The
Company estimated $10 million to $50 million in assets and
$100 million to $500 million in liabilities in its bankruptcy
petition.

Eric Moeller has been named chapter 11 trustee to take management
of the Debtor from CEO Glen Gonzalez.  In November 2010, the
trustee filed suit against Mr. Gonzalez, alleging he breached his
fiduciary duty by dipping into Company coffers for his personal
use while paying himself an excessive salary and stock
distributions.

David S. Gragg, Esq., Steven R. Brook, Esq., Natalie F. Wilson,
Esq., and Allen M. DeBard, Esq., at Langley & Banack, Inc., in San
Antonio, Tex., serve as general counsel to the Chapter 11 Trustee.


ALION SCIENCE: S&P Lowers Corporate Credit Rating to 'CCC+'
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on McLean, Va.-based Alion Science and Technology Corp. to
'CCC+' from 'B-'. The rating outlook is negative.

"We also lowered the issue-level rating on the company's $35
million revolving credit to 'B' (two notches higher than the
corporate credit rating) from 'B+'. The recovery rating remains at
'1', indicating our expectation for very high (90%-100%) recovery
for lenders in the event of a payment default," S&P stated.

"At the same time, we lowered the issue-level rating on the
company's $310 million senior secured notes to 'B-' (one notch
higher than the corporate credit rating) from 'B'. The recovery
rating on this debt stays at '2', indicating our expectation for
substantial (70%-90%) recovery for noteholders in the event of a
payment default," S&P related.

"Finally, we concurrently lowered the issue-level rating on the
company's $250 million senior unsecured notes to 'CCC-' (two
notches below the corporate credit rating) from 'CCC+'. The
recovery rating for the notes is unchanged at '6', indicating our
expectation for negligible (0%-10%) recovery for noteholders in
the event of a payment default," S&P said.

"The downgrade of Alion is a result of the company's recent
operational weakness," said Standard & Poor's credit analyst
Alfred Bonfantini, "and the prospect of further pressure on
revenues, which stem from the continuing resolution on the 2011
Federal government budget that wasn't settled until April 2011,
the subsequent specter of a U.S. government default during the
debt ceiling debate, and the ongoing uncertainty over future
budget cuts and levels."


ALISO COMMONS: Creditor Wins Dismissal of Chapter 11 Case
---------------------------------------------------------
The Hon. Theodor Albert of the U.S. Bankruptcy Court for the
Central District of California dismissed the Chapter 11 case of
Aliso Commons Corner LLC.

As reported in the Troubled Company Reporter on April 12, 2011,
American Security, a secured creditor, asked that the Court
dismiss or convert the Debtor's case, or prohibit or condition the
use of cash collateral, explaining that:

   -- the Debtor has not cured its mismanagement or improved its
      dismal chances of reorganizing -- consistent with its first
      case dismissed on Dec. 7, 2010 -- and the case is merely the
      continuation of Debtor's tactics to delay an inevitable
      foreclosure of its real property.

   -- The Debtor failed to collect rents and CAM charges, some of
      which are not being paid due to Debtor's failure to obtain
      final certificates of occupancy.  The Debtor has also failed
      to respond to a tenant's requests to enter into a non-
      disturbance agreement and for disbursement of rents
      currently maintained in escrow.  The failure places that
      tenancy in jeopardy to the detriment of creditors.

   -- The Debtor also lacks the ability to reorganize as it does
      not have ability to cure its defaults (albeit uncurable)
      under its Development Agreement with the City of Aliso
      Viejo.  The Debtor lacks the ability to satisfy certain
      requirements which include devotion of substantial funds for
      community enhancement and safety measures or payment of a
      Parkland Fee of $2,497,500 by March 2010 and commencement of
      certain construction.

   -- Finally, the Debtor failed to obtain the bank's consent to
      use cash collateral.  Despite the bank's efforts since
      December 2010, for an accounting and information relating to
      collections and operations, the Debtor has failed to
      respond.

                     About Aliso Commons Corner

Capistrano, California-based, Aliso Commons Corner LLC, filed for
Chapter 11 protection (Bankr. Case No. 10-27372) on Dec. 8, 2010.
The Law Offices of Todd B. Becker represents the Debtor in its
restructuring effort.  The Debtor disclosed $12,259,356 in assets
and $9,721,851 in liabilities as of the Chapter 11 filing.


ALEXANDER GALLO: To Sell All Assets to H.I.G. via Ch. 11
--------------------------------------------------------
Alexander Gallo Holdings, LLC has reached an agreement to sell
substantially all of its assets to H.I.G. Capital through its
affiliate Bayside Capital as part of a process designed to
eliminate debt, strengthen liquidity and allow the Company to
continue providing critical litigation support to more than 10,000
law firm offices and corporate clients nationwide.

"H.I.G. Capital has tremendous resources, is excited about the
growth prospects of our Company, understands our industry and
believes in our future," said Alexander Gallo, the Company's
founder and Chief Executive Officer.  "We could not have found a
better investor."

Esquire Solutions, a subsidiary of AGH, will continue to focus
resources on serving clients and investing in technology.  All
ongoing work will continue on schedule and the Company will
continue to take on new assignments.

"Esquire Solutions is the market leader with an exemplary track
record for servicing clients and has both an unrivaled business
model and superior technology," said Jackson Craig, Managing
Director of Bayside Capital.  "We are excited about the
acquisition and look forward to working together with the current
management team to continue to build the business."

As part of this process, parent company Alexander Gallo Holdings
today filed a voluntary Chapter 11 restructuring with the U.S.
Bankruptcy Court for the Southern District of New York, through
which the Company will seek to finalize the asset sale to Bayside
Capital, which is subject to Court approval.  The Company expects
to complete the transaction within the next three months.  All
operations are expected to continue as normal throughout this
process.

H.I.G., through its affiliate Bayside Capital, has also agreed to
invest up to $20 million in new financing to support the Company
during this process, subject to Court approval.  This agreement
comes one month after the firm made an initial investment in the
Company in August.

The Company has retained Carl Marks Advisory Group as financial
advisor; Gordian Group, LLC as investment bank; and DLA Piper LLP
as legal counsel.

                     About Alexander Gallo

Based in Atlanta, Alexander Gallo Holdings, LLC --
http://www.alexandergalloholdings.com/-- is parent company to the
nation's leading privately-owned court reporting and litigation
solutions companies, Esquire Solutions and Sanction Solutions.
Alexander Gallo Holdings companies offer expertise in court
reporting, legal video, hosted review, electronic discovery and
trial services across its 55 offices in 23 states.  The Company's
entrepreneurial strategies and focus on superior client service
has driven its unparalleled growth since 1999.


ALT HOTEL: Wants Plan Filing Exclusivity Until Dec. 2
-----------------------------------------------------
ALT Hotel, LLC is asking the bankruptcy court to extend its
exclusive periods to file a proposed Chapter 11 plan until Dec. 2,
2011, and its exclusive solicitation period until Feb. 3, 2012.

The Honorable A. Benjamin Goldgar was scheduled to convene a
hearing on the extension on Sept. 7.

The Debtor's sole asset is a hotel in downtown Chicago, Illinois,
named the Allerton Hotel, which is centrally located on Chicago's
"Magnificent Mile."  The Hotel is managed by Kokua Hospitality,
LLC.  Kokua Hospitality is the exclusive manager of the Hotel.

The Debtor is also a party to a certain Loan Agreement, as
amended, dated Nov. 9, 2006, with Column Financial, Inc.
DiamondRock Allerton Owner, LLC currently purports to hold the
position of senior lender under the Loan Agreement.

Neal L. Wolf, Esq., at Neal Wolf & Associates, LLC, in Chicago,
Illinois, relates that since the inception of the case, much of
the Debtor's time has been preoccupied with negotiations with
DiamondRock over four different cash collateral orders, the Stay
Relief Motion, the Valuation Motion, the Equitable Subordination
Proceeding, the overly broad discovery requests of DiamondRock,
and the development of a business and reorganization plan that
will maximize the value of the Hotel.

Among other things, the Debtor has produced approximately 3,000
documents of roughly 63,000 pages, and is diligently working to
complete the review and production of remaining documents,
according to Mr. Wolf.

The Debtor has also negotiated with DiamondRock and Kokua
Hospitality over an agreed form of protective order to avoid harm
to the Hotel through the public dissemination of sensitive
financial and operational information.  The Court entered the
agreed protective order on Aug. 18, 2011.

In order to property protect the Debtor's interests, the Debtor
and its parent company, Hotel Allerton Mezz, LLC, filed the
Equitable Subordination Proceeding against DiamondRock, and in
connection to that, have spent considerable time and effort
evaluating and responding to DiamondRock's Motion to Dismiss, and
in preparing amended complaints.  The Equitable Subordination
Proceeding is an ongoing, necessary component of the case, Mr.
Wolf says.

In addition, the Debtor, its counsel, and its consultants have
devoted substantial time and effort to the development of an
appropriate, performance- and value-maximizing business and
restructuring plan for the Hotel, Mr. Wolf relates.

In the nearly four months since the Petition Date, the Debtor and
its professionals have concentrated on a broad spectrum of issues
related to operations and performance of the Hotel, value of the
Hotel, and claims of and against DiamondRock.  They have "moved
forward with great energy on multiple fronts," Mr. Wolf tells the
Court.  He asserts that cause exists for the Court to grant a 90-
day extension of the Exclusivity Periods.

                        About ALT Hotel LLC

ALT Hotel LLC's sole asset is the Allerton Hotel located in the
"Magnificent Mile" area of Chicago, Illinois.  The Hotel is
managed by Kokua Hospitality, LLC, pursuant to a Hotel Management
Agreement, dated Nov. 9, 2006.  Kokua is the exclusive manager and
operator of the Hotel, and receives management fees for its
services, with the amount of such fees directly linked to the
annual performance of the Hotel.  Hotel Allerton Mezz, LLC, is the
sole member of ALT Hotel.

ALT Hotel filed for Chapter 11 bankruptcy (Bankr. N.D. Ill. Case
No. 11-19401) on May 5, 2011.  Judge A. Benjamin Goldgar presides
over the case.  Neal L. Wolf, Esq., at Neal Wolf & Associates,
LLC, in Chicago, Illinois, serves as bankruptcy counsel to the
Debtor.  In its petition, the Debtor estimated $100 million to
$500 million in assets and $50 million to $100 million in debts.
Affiliate PETRA Fund REIT Corp. sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 10-15500) on Oct. 20, 2010.


AMBAC FINANCIAL: Agrees to $14-Mil. Claim for One State Street
--------------------------------------------------------------
Ambac Financial Group, Inc. entered into a bankruptcy court-
approved stipulation granting One State Street, LLC, a general
unsecured claim for $14,007,368.

Pursuant to a previous settlement agreement between the Debtor
and OSS and a related March 24, 2011 order, OSS is entitled to
receive an allowed $14,302,367 general unsecured claim against
the Debtor's estate, subject to downward adjustment to reflect
payments made by the Debtor pursuant to the parties' Prepetition
Lease between March 1, 2011, and the effective date of the
Settlement Agreement.  The Settlement Agreement became effective
on May 19, 2011.

After accounting for the payments made by the Debtor to OSS
during the period between the execution and effective date of the
Settlement Agreement, the amount of OSS' claim is $14,007,368.
Accordingly, the Debtor, the Official Committee of Unsecured
Creditors, and OSS have determined that OSS' claim will be
allowed as a general unsecured claim for $14,007,368.

                       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 (Bankr. S.D.N.Y. Case No.
10-15973) in Manhattan on Nov. 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 US$30.05 billion in total assets,
US$31.47 billion in total liabilities, and a US$1.42 billion
stockholders' deficit, at June 30, 2010.

On an unconsolidated basis, Ambac said in a court filing that
it has assets of (US$394.5 million) and total liabilities of
US$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 US$1.62 billion.

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

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel
to the Official Committee of Unsecured Creditors.  Lazard Freres
& Co. LLC is the Committee's financial advisor.

Bankruptcy Creditors' Service, Inc., publishes Ambac Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Ambac Financial Group and the restructuring proceedings of
Ambac Assurance Corp. (http://bankrupt.com/newsstand/or 215/945-
7000).


ANDRONICO'S MARKETS: Court Appoints RCI as Noticing/Claims Agent
----------------------------------------------------------------
Andronico's Markets Inc. asks the U.S. Bankruptcy Court for the
Northern District of California has approved the motion of
Andronico's Markets, Inc., for the appointment of Rust Consulting,
Inc., as the clerk of court's noticing and claims agent.

Rust Consulting will, among others:

a. prepare and serve required notices in the Chapter 11 case,
   including:

     i. service of Court orders requiring service on more than
        fifty entities/persons;

    ii. other miscellaneous notices to any entities as the Debtor
        or the Court may deem necessary or appropriate for an
        orderly administration of this Chapter 11 case; and

b. after the mailing of a particular notice, file with the Clerk's
   office a certificate or declaration of service that includes a
   copy of the notice involved, a list of persons to whom the
   notice was mailed and the date and manner of mailing;

c. maintain copies of all proofs of claim and proofs of interest
   filed;

d. maintain an official claims register, including, among other
   things, the following information for each proof of claim or
   proof of interest;

     i. the name and address of the claimant and any agent
        thereof, if the proof of claim or proof of interest was
        filed by an agent;

    ii. the date received;

   iii. the claim number assigned; and

    iv. the asserted amount and classification of the claim; and

e. assist the Debtor in the preparation and administration of a
   claims database on a review of the claims filed against the
   Debtor's estate and the Debtor's books and records.

Subject to the entry of any necessary order for the use of cash
collateral, the Debtor is authorized to compensate RCI in the
ordinary course consistent with the terms of the Application
without need for further notice or order of the Court.

To the best of the Debtor's knowledge, RCI does not: (i) represent
any interest adverse to the Debtor or its estate; or (ii) have any
connection with the Debtor or its directors and officers,
creditors, any other party in interest, the Office of the United
States Trustee, or the judges of the United States Bankruptcy
Court for the Northern District of California.  In addition, to
the best of the Debtor's knowledge, RCI is a "disinterested
person" under applicable sections of the Bankruptcy Code.

                    About Andronico's Markets

Andronico's Markets, Inc., aka Andronico's Community Markets, is
an independent, specialty supermarket operator in the San
Francisco Bay Area.  Founded in 1929, the Company operates seven
stores in prime upscale urban and suburban locations in Berkeley
(four stores), San Francisco, Los Altos, and San Anselmo.
Andronico's is a California C-corporation, owned by Solano
Enterprises LLC.  The ownership of Solano Enterprises LLC is
divided among various Andronico family members.

Andronico's filed for Chapter 11 bankruptcy (Bankr. N.D. Calif.
Case No. 11-48963) on Aug. 22, 2011.  Judge Edward D. Jellen
oversees the case.  Attorneys at Murray & Murray, in Cupertino,
Calif., represent the Debtor as counsel.  Bailey, Elizondo &
Brinkman LLC serves as its financial and restructuring advisor.

The Debtor scheduled $18,520,090 in assets and $67,094,619 in
liabilities.


ANDRONICO'S MARKETS: Has Court's Nod to Reject Stanford Lease
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California
has granted Andronico's Markets, Inc., authorization to reject the
lease of real property with the Board of Trustees of the Leland
Stanford Junior University, retroactive to the Petition Date.

The Court further established Dec. 27, 2011, as the claims  bar
date for claims arising from rejection of the Stanford Lease.

The Stanford Lease is for a portion of a commercial building that
is a part of the commercial space commonly known as the CT Parcel
at the Stanford Shopping Center, in the City of Palo Alto,
consisting of approximately 32,262 square feet of commercial space
plus an additional 5,259 square feet of commercial space in the
basement of the Premises.  The Stanford Lease expires on April 17,
2022.

As of Aug. 1, 2011, the Debtor ceased operations at the CT Parcel
premises, vacated and surrendered the premises and turned over the
keys to the landlord.

                    About Andronico's Markets

Andronico's Markets, Inc., aka Andronico's Community Markets, is
an independent, specialty supermarket operator in the San
Francisco Bay Area.  Founded in 1929, the Company operates seven
stores in prime upscale urban and suburban locations in Berkeley
(four stores), San Francisco, Los Altos, and San Anselmo.
Andronico's is a California C-corporation, owned by Solano
Enterprises LLC.  The ownership of Solano Enterprises LLC is
divided among various Andronico family members.

Andronico's filed for Chapter 11 bankruptcy (Bankr. N.D. Calif.
Case No. 11-48963) on Aug. 22, 2011.  Judge Edward D. Jellen
oversees the case.  Attorneys at Murray & Murray, in Cupertino,
Calif., represent the Debtor as counsel.  Bailey, Elizondo &
Brinkman LLC serves as its financial and restructuring advisor.

The Debtor scheduled $18.52 million in assets and $67.09 million
in liabilities.


ANDRONICO'S MARKETS: Wants CEO Appointed as Responsible Individual
------------------------------------------------------------------
Andronico's Markets, Inc., asks the U.S. Bankruptcy Court for the
Northern District of California to approve the Debtor's
appointment of William J. Andronico, the Debtor's Chief Executive
Officer, as the natural person to be responsible for the duties
and obligations of the Debtor, pursuant to B.L.R. 4002-1.

                    About Andronico's Markets

Andronico's Markets, Inc., aka Andronico's Community Markets, is
an independent, specialty supermarket operator in the San
Francisco Bay Area.  Founded in 1929, the Company operates seven
stores in prime upscale urban and suburban locations in Berkeley
(four stores), San Francisco, Los Altos, and San Anselmo.
Andronico's is a California C-corporation, owned by Solano
Enterprises LLC.  The ownership of Solano Enterprises LLC is
divided among various Andronico family members.

Andronico's filed for Chapter 11 bankruptcy (Bankr. N.D. Calif.
Case No. 11-48963) on Aug. 22, 2011.  Judge Edward D. Jellen
oversees the case.  Attorneys at Murray & Murray, in Cupertino,
Calif., represent the Debtor as counsel.  Bailey, Elizondo &
Brinkman LLC serves as its financial and restructuring advisor.

The Debtor scheduled $18,520,090 in assets and $67,094,619 in
liabilities.


ARCHBOLD ELEVATOR: Receiver Reviews Bids for Firm
-------------------------------------------------
Archbold Buckeye reports that Gerald Kowalski, the court-appointed
receiver of Archbold Elevator and its associated businesses, said
attorneys currently are evaluating bids.

According to the report, Archbold Elevator was placed in
receivership earlier this year, after a routine check by the Ohio
Department of Agriculture revealed financial problems at the
elevator.  Bids were accepted until Tuesday, Aug. 30.


ARIZONA INSTITUTE: Trustee Wants Chapter 11 Case Dismissed
----------------------------------------------------------
David M. Reaves, the Chapter 11 trustee for AHI Holding Company
fka Arizona Heart Institute Ltd., asks the U.S. Bankruptcy Court
for the District of Arizona to dismiss the Debtor's Chapter 11
case because the Debtor has no ongoing business to reorganize.

A hearing is set for Sept. 16, 2011 at 10:30 a.m., at 230 N. First
Ave., 7th Floor, Courtroom 702 in Phoenix, Arizona, to consider
the request.

According to the Trustee, the Debtor has not filed a plan of
reorganization, and it is apparent that the Debtor has no
intention of pursuing confirmation of a plan.  The Debtor's
estate, Mr. Reaves relates, does not have any unencumbered assets
or funds, other than potential avoidance actions and possibly
other causes of action.  Significant Chapter 11 administrative
expenses have been incurred to date and continue to accrue, and
the estate has no funds available to pay those expenses, according
to the Trustee.

The Chapter 11 Trustee tells the Court that, on the Petition Date,
the Debtor entered into an asset purchase agreement with Hospital
Development Company Number 1, Inc., a subsidiary of Vanguard
Health Systems, Inc.  Pursuant to the terms of the APA, the Debtor
agreed to sell substantially all of its assets to the Purchaser.

On Sept. 30, 2010, the Court entered an order approving the APA
and the sale of the sale of the Debtor's assets to Hospital
Development.  The sale closed on or about Oct. 15, 2010.

The Trustee notes, after the sale of the Debtor's assets, the
Debtor's business operations ceased.

Phoenix, Arizona-based Arizona Heart Institute, Ltd., is a
specialty outpatient clinic dedicated to the prevention, detection
and treatment of cardiovascular diseases.  It was founded by
Edward B. Diethrich, M.D., in 1971, and at its height operated
numerous offices across the Phoenix metropolitan area.

Arizona Heart filed for Chapter 11 bankruptcy protection (Bankr.
D. Ariz. Case No. 10-24062) on July 30, 2010.  C. Taylor Ashworth,
Esq., and Christopher Graver, Esq., at Stinson Morrison Hecker
LLP, assist the Debtor in its restructuring effort.  Ilene J.
Lashinsky, the U.S. Trustee for Region 14, appointed three members
to the official committee of unsecured creditors in the Debtor's
Chapter 11 case.  Debtor disclosed $16,925,342 in assets and
$8,115,541 in debts as of the Petition Date.


B MOSS CLOTHING: Avoidance Suit v. Shareholders May Be Amended
--------------------------------------------------------------
Bankruptcy Judge Novalyn L. Winfield granted Morris S. Bauer,
trustee of the B. Moss Clothing Company, Ltd. Liquidation Trust,
leave to amend his complaint against former shareholders of the
Debtor, Richard Moss, Barbara Savage, Fred Krawchick, Susan
Krawchick, Marc Savage, Lauren Moss, Adam Krawchick, Todd
Krawchick, Michael Savage and Matthew Savage.  The Liquidating
Trustee seeks to avoid and recover $2,581,431 paid to the
Defendants approximately nine months prior to the Petition Date.
The Defendants sought dismissal of the complaint pursuant to Fed.
R. Civ. P. 12(b)(6) for failure to state a claim upon which relief
can be granted.  The Court said the complaint fails to state a
cause of action under 11 U.S.C. Sections 548(a)(1),
548(a)(1)(B)(ii)(I) and 548(a)(1)(B)(ii)(III).  However, the
Liquidating Trustee is granted leave to amend the complaint in
order to adequately state such claims and to specify the sums
sought from each defendant.

The lawsuit is Morris S. Bauer, Liquidating Trustee of B. Moss
Clothing Company, Ltd. Liquidation Trust, v. Richard Moss, Barbara
Savage, Fred Krawchick, Susan Krawchick, Marc Savage, Lauren Moss,
Adam Krawchick, Todd Krawchick, Michael Savage and Matthew Savage,
Adv. Proc. No. 10-02313 (Bankr. D. N.J.).  A copy of Judge
Winfield's Aug. 31, 2011 Opinion is available at
http://is.gd/NxxErEfrom Leagle.com.

The shareholder-defendants are represented by:

          Gary S. Jacobson, Esq.
          HEROLD LAW, P.A.
          25 Independence Boulevard
          Warren, NJ 07059
          Tel: 908-647-1022 x 117
          E-mail: gjacobson@heroldlaw.com

                  About B. Moss Clothing Company

Headquartered in Secaucus, New Jersey, B. Moss Clothing Company
Ltd. -- http://www.bmossclothing.com/-- operated various retail
clothing establishments throughout the eastern United States.
B. Moss Clothing filed for Chapter 11 protection (Bankr. D. N.J.
Case No. 08-33980) on Dec. 2, 2008.  Ilana Volkov, Esq., and
Michael D. Sirota, Esq., at Cole, Schotz, Meisel, Forman & Leonard
PA, represented the company in its restructuring effort.  When the
company filed for protection from its creditors, it estimated
assets and debts of $10 million to $50 million.

An Official Committee of Unsecured Creditors retained Norris,
McLaughlin and Marcus, P.A. as its counsel and Mahoney Cohen &
Co., CPA, P.C. as its accountants.

On July 31, 2009, the court entered an order confirming the First
Modified Chapter 11 Plan of Orderly Liquidation Proposed by the
Debtor and the Committee.  Morris S. Bauer was appointed as
liquidating trustee.  He is represented by the same firm that
represents the Creditors' Committee during the Chapter 11 case.

The Liquidating Trustee's counsel may be reached at:

          Larry K. Lesnik, Esq.
          NORRIS, MCLAUGHLIN & MARCUS, P.A.
          721 Route 202-206, Suite 200
          P.O. Box 5933
          Bridgewater, NJ 08807-5933
          Tel: (908) 722-0700
          Fax: (908) 722-0755
          E-mail: llesnik@nmmlaw.com


BERNARD L MADOFF: Picard Gets Favorable Ruling From Judge Wood
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the trustee liquidating Bernard L. Madoff Investment
Securities Inc. received a vote of confidence last week when U.S.
District Judge Kimba M. Wood ruled that he is using valid theories
to recover money customers took out of the Ponzi scheme before the
fraud was discovered.

Mr. Rochelle notes that although Judge Wood's ruling was made in a
different case, it throws cold water on an effort by the owners of
the New York Mets baseball club to win dismissal of a similar
lawsuit where the Madoff trustee is demanding $1 billion.

Mr. Rochelle recounts that last year, the bankruptcy court turned
back an effort by the Ariel and Gabriel funds controlled by Ezra
Merkin to dismiss the trustee's complaint to recover $34 million
taken out before the Madoff fraud surfaced.  Taking the facts in
the complaint as true, Judge Wood said that the trustee's case
passes muster at the early stages of a lawsuit.

According to the report, in one of several rulings equally
applicable to the trustee's $1 billion lawsuit against Fred
Wilpon; Sterling Equities Inc., the Mets' owners; and Wilpon's
friends, family and associates, Judge Wood said in an Aug. 31
opinion that it was sufficient if only Madoff, not the customer,
had an intent to defraud under both federal and state law.

While Merkin claimed he acted in good faith and therefore had a
valid affirmative defense, Judge Wood said the defense can't
ordinarily be raised when attacking a complaint at the early stage
of a case, before discovery is completed, according to the
Bloomberg report.  Judge Wood also said that a defrauded
customer's claim against the broker doesn't constitute "value" to
offset a fraud claim.

Like Wilpon, Merkin contended that he is protected from suit by
Section 546(e) of the Bankruptcy Code, known as the safe harbor.
To fall within the safe harbor, the Madoff firm must have made the
payment as a "stockbroker," Judge Wood said.  The judge could find
no authority for the proposition that a Ponzi scheme operator
qualifies as a stockbroker when no actual trades in securities
were ever made.

Wilpon and the Mets' owners are asking a different U.S.
District Judge, Jed Rakoff, to dismiss the Madoff trustee's suit
on many of the same grounds.  Mr. Rochelle relates that although
Judge Rakoff isn't bound by Judge Wood's decision, it would be an
unusual and potentially embarrassing result if two equally ranked
district judges in the same courthouse reached differing
conclusions.

Mr. Rochelle relates Merkin ended up in Judge Wood's court after
the bankruptcy judge last year denied his motion to dismiss the
suit.  Judge Wood issued her decision in response to Merkin's
motion for what's known as an interlocutory appeal, or an appeal
taken before the case is finished entirely.

Merkin's attempted appeal in district court is Picard v. Merkin
(In re Bernard L. Madoff Investment Securities LLC), 11-mc-00012,
U.S. District Court, Southern District of New York (Manhattan).

                       About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

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

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

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

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

As of July 15, 2011, a total of US$6.88 billion in claims by
investors has been allowed, with US$794.9 million to be paid by
the Securities Investor Protection Corp.  Investors are expected
to receive additional distributions from money recovered by Mr.
Picard from lawsuits or settlements.


BERNARD L. MADOFF: Victims Seek Review of 2nd Circ. Ruling
----------------------------------------------------------
Lisa Uhlman at Bankruptcy Law360 reports that Bernard L. Madoff
Investment Securities LLC victims on Saturday sought full-court
review of a Second Circuit ruling that they can only recover the
principal they invested in the Ponzi scheme, not paper profits,
saying it contradicts an earlier circuit decision.

In seeking en banc review of the three-judge panel's decision
affirming a bankruptcy court's approval of trustee Irving Picard's
so-called net equity method of calculating recovery, the investors
argues the Second Circuit itself had earlier given its blessing to
the alternative last-statement method, according to Law360.

                      About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

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

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

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

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

As of July 15, 2011, a total of US$6.88 billion in claims by
investors has been allowed, with US$794.9 million to be paid by
the Securities Investor Protection Corp.  Investors are expected
to receive additional distributions from money recovered by Mr.
Picard from lawsuits or settlements.


BHG EL PASO: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: BHG El Paso Joe Battle LP
        Beriah Hospitality Group LP
        250 Fischer Avenue
        Costa Mesa, CA 92626

Bankruptcy Case No.: 11-22501

Chapter 11 Petition Date: September 5, 2011

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

Judge: Mark S Wallace

Debtor's Counsel: Stuart J. Wald, Esq.
                  LAW OFFICE OF STUART J. WALD
                  36154 Coffee Tree Place
                  Murrieta, CA 92562
                  Tel: (310) 429-3354
                  E-mail: stuart.wald@gmail.com

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

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

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

The petition was signed by Sean B. Cummins, manager of BHG Texas,
LLC, general partner.


BION ENVIRONMENTAL: Has Extension Pacts With CEO and Chairman
-------------------------------------------------------------
Bion Environmental Technologies, Inc. previously disclosed in a
Form 8-K dated July 18, 2011, that Dominic Bassani, the Company's
CEO, agreed to extend his service to the Company through June 30,
2014, through an extension or amendment of the existing agreement
with Bright Capital, Ltd., pursuant to which Mr. Bassani currently
serves the Company.  Mr. Bassani will serve as Bion's Chief
Executive Officer through June 30, 2013, and will then continue to
serve Bion on a full time basis in other capacities thereafter.
The written extension agreement was executed on Aug. 31, 2011, and
a copy is available for free at http://is.gd/hNaZj8

The Company also disclosed that Mark A. Smith, the Company's
Executive Chairman, President and General Counsel, agreed to
extend his service to the Company for an additional year through
Dec. 31, 2012, through an extension or amendment of his existing
agreement.  The written extension agreement was executed on Aug.
31, 2011, and a copy is available for free at http://is.gd/ytTSMz

                      About Bion Environmental

Crestone, Colo.-based Bion Environmental Technologies, Inc.
(OTC BB: BNET) -- http://biontech.com/-- has provided
environmental treatment solutions to the agriculture and livestock
industry since 1990.  Bion's patented next-generation technology
provides a unique comprehensive treatment of livestock waste that
achieves substantial reductions in nitrogen and phosphorus,
ammonia, greenhouse and other gases, as well as pathogens,
hormones, herbicides and pesticides.

As reported in the Troubled Company Reporter on September 27,
2010, GHP Horwath, P.C., in Denver, Colo., expressed substantial
doubt about Bion Environmental Technologies' ability to continue
as a going concern, following the Company's results for the fiscal
year ended June 30, 2010.  The independent auditors noted that the
Company has not generated revenue and has suffered recurring
losses from operations.

The Company's balance sheet at March 31, 2011, showed
$9.58 million in total assets, $8.72 million in total liabilities,
$2.52 million in Series B Redeemable Convertible Preferred stock,
and a $1.65 million total deficit.


BORDERS GROUP: Proposes $1.75-Mil. in Severance Payments
--------------------------------------------------------
Borders Group, Inc. and its debtor affiliates seek permission
from Judge Martin Glenn of the U.S. Bankruptcy Court for the
Southern District of New York to make severance payments to their
top 14 employees totaling $1.75 million.

The Debtors maintain a severance pay policy for all of their
employees who are not parties to a separate severance agreement
or policy with them, or who are not parties to an individual
employment agreement with them that provides for severance
benefits.

The amount of severance benefits payable under the Severance Plan
depends on an employee's tenure.  Separate from the Severance
Plan, the Debtors' vice presidents and director-level employees
are also parties to written severance agreements or company
policy enacted prepetition by the Debtors' board of directors
providing for six months or one year of severance payments.

In April 2011, the Court approved a Key Employee Incentive Plan
for five of the Debtors' highest level executives and 10 of the
Debtors' employees holding titles of vice president.  One of the
Senior Management employees, Michele Cloutier, the Debtors'
former executive vice president and chief merchandising officer,
resigned on or about June 10, 2011, and is not eligible for
severance.  Two other Senior Management employees, Mike Edwards,
former chief executive officer of the Debtors; and Scott Henry,
former chief financial officer of the Debtors; were voluntarily
terminated on July 29, 2011.  Two additional Senior Management
employees, Jim Frering, executive vice president for store
operations, and Rosalind Thompson, senior vice president for
human resources, are remaining with the Debtors throughout the
liquidation process.

Under the KEIP, the Senior Management Employees and Non-Insider
Management Employees were only to be paid, among other things,
upon the Debtors' emergence from Chapter 11 by a sale of
substantially all of the Debtors' assets as a going concern or a
plan of reorganization resulting in an ongoing business.
Unfortunately, no such transaction was achieved in these Chapter
11 cases, and accordingly, no payments will be made under the
KEIP.

The KEIP Order provides that "[i]f no awards provided for under
the KEIP are paid for any reason, the Debtors reserve their right
to seek court approval of a severance program for these 15
individuals only to the extent that could be allowed pursuant to
Section 503(c)(2) of the Bankruptcy Code, and the Creditors'
Committee reserves its right to object to any such severance plan
proposal."  The Debtors believe that this provision was intended
to apply if they sought approval of a new severance program --
which they are not doing at the present time.

Because most of the KEIP individuals are non-insider management
employees, the Debtors are still entitled -- and in fact, have
begun -- making severance payments to certain of these former
employees under existing Severance Agreements and the Severance
Policy on a semi-monthly basis.  The Debtors disclose that the
total amount of Non-Insider Management Severance Payments that
will be made to the 10 Non-Insider Management Employees is
approximately $1.25 million or a $125,000 or less severance
payment per employee.  The Non-Insider Management Employees are:

* Eric Kovats, Vice President, Regional East
* Beatrice Vicente, Vice President, Regional West
* Jason Cline, Vice President, Financial Planning and Analysis
* Lynda Pak, Vice President, Applications
* Daniel Angus, Vice President, Loyalty Marketing
* Edward Jackson, Vice President, Tax
* Renee Rockwood, Vice President, Merchandising
* Joanna Cline, Vice President, Brand Merchandising
* Mark Bacon, Vice President, Planning and Allocation
* Robert Chun, Vice President, Digital

By this motion, the Debtors seek the Court's authority to make
severance payments to four Senior Management Officers -- Mike
Edwards, Scott Henry, Jim Frering, and Rosalind Thompson, each of
whom are "insiders" of the Debtors -- at $125,000 per insider
employee, for a total of $500,000.

The Debtors do not believe they are required to seek Court
permission to make severance payments, which do not exceed the
Section 503(c)(2)(B) Cap to the Non-Insider Management Employees.
However, at the insistence of the Official Committee of Unsecured
Creditors and out of an abundance of caution, the Debtors also
seek the Court's authority to make the Non-Insider Management
Severance Payments.

As a result, the total amount of Severance Payments to the
Debtors' top 14 employees would be approximately $1.75 million.
The Creditors' Committee has reviewed the calculation of the
$125,000 Severance Payment to each of the Senior Management
Employees and has agreed to the amounts of the Severance
Payments.

On August 26, 2011, the Debtors sent letters to the Senior
Management Employees and Non-Insider Management Employees
notifying them that by accepting the Severance Payments, they
will be deemed to also accept the releases set forth in the
letters.  Pursuant to the Releases, the former employees waive,
among other things, any and all claims they may have against the
Debtors.

Borders Senior Vice President for Restructuring Holly Felder
Etlin stated in an accompanying declaration that the Severance
Payments are reasonable under the circumstances.  After
application of the Section 503(c)(2)(B) cap, Messrs. Edwards and
Henry will receive approximately 2 and 2 1/2 months' pay as
severance.  The Non-Insider Management Employees will receive
approximately six months' salary, depending on employee.

David M. Friedman, Esq., at Kasowitz, Benson, Torres & Friedman
LLP, in New York, insists that making the Severance Payments
constitutes a valid exercise of the Debtors' business judgment.
Post-termination, Messrs. Edwards and Henry continue to work
actively on a non-compensated basis to assure the successful sale
of certain store sites and the Debtors' intellectual property,
Mr. Friedman says.  In coordinating an expeditious and orderly
liquidation, Mr. Frering, Ms. Thompson, and the Non-Insider
Management Employees remaining with the company are working
tirelessly for the benefit of all creditors, yet are currently
working themselves out of a job upon completion of the task, Mr.
Friedman stresses.

The Debtors will not be able to wind down their business in an
orderly fashion for the benefit of all their creditors without
the best efforts of the Senior Management Employees and Non-
Insider Management Employees, Mr. Friedman points out.  Moreover,
he stresses, all of the Senior Management Employees and Non-
Insider Management Employees bargained for and expected severance
in the event their positions were terminated due to no fault of
their own, which is exactly what is occurring.  "It would thus be
unfair, inequitable and damaging to the Senior Management
Employees and Non-Insider Management Employees for the Debtors to
fail to make the Severance Payments, which fall with the amounts
permitted by the Bankruptcy Code," he maintains.

The Court will consider the Debtors' request on September 8,
2011.  Objections are due no later than September 7.

                       About Borders Group

Borders Group operates book, music and movie superstores and mall-
based bookstores.  At Jan. 29, 2011, the Debtors operated 642
stores, under the Borders, Waldenbooks, Borders Express and
Borders Outlet names, as well as Borders-branded airport stores in
the United States, of which 639 stores are located in the United
States and 3 in Puerto Rico.  In addition, the Debtors operate a
proprietary e-commerce Web site, http://www.Borders.com/,
launched in May 2008, which includes both in-store and online
e-commerce components.  As of Feb. 11, 2011, Borders employed a
total of 6,100 full-time employees, 11,400 part-time employees,
and approximately 600 contingent employees.

Borders Group Inc. and its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. Lead Case No. 11-10614) in
Manhattan on Feb. 16, 2011.

David M. Friedman, Esq., David S. Rosner, Esq., Andrew K. Glenn,
Esq., and Jeffrey R. Gleit, Esq., at Kasowitz, Benson, Torres &
Friedman LLP, in New York, serve as counsel to the Debtors.
Jefferies & Company's Inc. is the financial advisor.  DJM Property
Management is the lease and real estate services provider.  AP
Services LLC is the interim management and restructuring services
provider.  The Garden City Group, Inc., is the claims and notice
agent.

Attorneys at Morgan, Lewis & Bockius LLP, and Riemer & Braunstein
LLP, serve as counsel to the DIP Agents.

Lowenstein Sandler represents the official unsecured creditors
committee for Borders Group.  Bruce S. Nathan and Bruce Buechler,
members of Lowenstein Sandlers' Bankruptcy, Financial
Reorganization & Creditors' Rights Group, are leading the team.

The Debtor disclosed $1.28 billion in assets and $1.29 billion in
liabilities as of Dec. 25, 2010

Borders Group is closing 399 stores.  Borders selected proposals
by Hilco and Gordon Brothers to conduct going out of business
sales for all stores after no going concern offers of higher value
were submitted by the deadline.


BORDERS GROUP: Initiates Lawsuit vs. Next Jump for Infringement
---------------------------------------------------------------
Borders, Inc., and Borders Properties, Inc. initiated an
adversary proceeding against Next Jump, Inc., for
misappropriation of trade secret and common law trademark
infringement.

The Debtors and Next Jump entered into a prepetition business
arrangement whereby Borders engaged Next Jump as a service
provider to operate a Borders Web site, bordersrewardsperks.com,
and thereby, Next Jump gained access to a portion of Borders
customer list.

Jeffrey R. Gleit, Esq., at Kasowitz, Benson, Torres & Friedman
LLP, in New York, asserts that Next Jump violated that agreement
by soliciting Borders' customers to join a Web site similar to
www.bordersrewardsperks.com, www.OO.com, which was owned and
operated by Next Jump.  Borders related that it explicitly told
Next Jump to stop emailing Borders' customers, and terminated the
agreement.  Despite the fact that Next Jump was expressly advised
of the termination the Next Jump Agreement, Next Jump kept that
portion of Borders' customer list in its possession and continues
to e-mail Borders' customers stating that "Borders' Rewards Perks
is now OO.com," Next Jump's Web site, the Debtors allege.

On August 30, 2011, Next Jump contacted the Debtors and informed
them that it believes that it has the right to retain information
relating to approximately 500,000 of Borders' customers who
allegedly "converted" to OO.com, according to Mr. Gleit.

As of August 31, 2011, Next Jump, through OO.com, continues to
use the BORDERS Marks without authorization, Mr. Gleit tells the
Court.  Likewise, Next Jump continues to operate the
bordersrewardsperks.com Web site, which includes many of the
BORDERS Marks, without authorization, he adds.  Indeed, the
bordersrewardsperks.com Web site falsely and misleadingly states
that, "[u]nfortunately Borders Rewards Perks is no longer
accepting new registrations and will be migrating to OO.com," he
points out.

"Next Jump willfully and maliciously misused the BRP Customer
List and the BORDERS Marks to the disadvantage of the Debtors and
their creditors," Mr. Gleit tells Judge Glenn.  Next Jump has
also adopted the BORDERS Marks in bad faith and with specific
intent to appropriate goodwill associated with the BORDERS Marks,
Mr. Gleit stresses.

Next Jump, Mr. Gleit further contends, is infringing Borders'
trademark and trade dress by improperly using Borders' trademarks
in e-mail communications, by continuing to operate the
bordersrewardsperks.com Web site, and by using Borders'
trademarks on Next Jump's Web site OO.com without authorization.

At least five potential bidders became aware of Next Jump's
conduct because of Next Jump's unauthorized solicitations, says
Mr. Gleit.  On August 30, 2011, one potential bidder for the
Debtors' assets told the Debtors' agent that Next Jump's conduct
may cause that potential bidder to lower its valuation of the
Debtors' assets, he discloses.

"By its actions, Next Jump is causing irreparable harm to the
Debtors' estates and creditors at a crucial point in these
chapter 11 cases," Mr. Gleit emphasizes.  The Debtors are in the
process of selling their intellectual property assets.

By this complaint, the Debtors ask Judge Glenn to:

  (1) enter an order enjoining Next Jump from using the BRP
      Customer List in any way, including emailing persons on
      the BRP Customer List;

  (2) enter an order enjoining Next Jump from using any customer
      information derived from Next Jump's unauthorized
      solicitation of persons on the BRP Customer List in any
      way, including e-mailing persons who signed up with OO.com
      as a result of Next Jump's unauthorized solicitation of
      persons on the BRP Customer List;

  (3) enter an order enjoining Next Jump from using any of the
      BORDERS Marks, including operation of the Web site
      bordersrewardsperks.com;

  (4) enter an order requiring Next Jump to return the BRP
      Customer List to Borders and purge the BRP Customer List
      from Next Jump's systems, and verify that the purge has
      taken place;

  (5) enter an order requiring Next Jump to identify all uses of
      the BRP Customer List since July 20, 2011;

  (6) enter an order requiring that Next Jump disgorge any
      benefits that it has unjustly obtained;

  (7) grant the Debtors compensatory damages, including
      statutory damages for infringement of the registered
      BORDERS Marks; and

  (8) grant the Debtors punitive damages for violation of the
      automatic stay and as otherwise permitted by applicable
      law.

The Debtors further ask the Court to enter a temporary
restraining order and preliminary injunction enjoining Next Jump
from continuing its unauthorized use of the BRP Customer List and
BORDERS Marks.

In an accompanying memorandum of law and declaration, Mr. Gleit
asserts that a preliminary injunction in this instance is
warranted because corporations should not be able to
misappropriate the assets and trademarks of a liquidating debtor
to the detriment of that debtor's estates and creditors.

Essentially, Next Jump is blatantly misusing the BRP Customer
List despite the clear and unambiguous language of the Next Jump
Agreement and infringing on the Borders trademarks and trade
dress by posting Borders' marks on Next Jump's Web site, Mr.
Gleit points out.

"Because Borders is liquidating, it will never be able to recoup
the loss in value to its name.  Thus, the balance of the harms
clearly weighs in the Debtors' favor," Mr. Gleit argues.

                    Next Jump Agrees to Stop
                  E-mails to Borders Customers

Next Jump agreed to Borders' request to stop e-mailing the book
chain's customers while the parties hash out how to move forward
in the trademark infringement lawsuit, Borders' lawyer told Judge
Glenn at a September 2 hearing, Reuters reports.

Next Jump also agreed to remove references to Borders' trademarks
from its own Web site OO.com, Jeffrey Gleit, Esq., of Kasowitz,
Benson, Torres & Friedman LLP, disclosed at the hearing, Reuters
relates.

In light of this development, the Court adjourned the hearing to
consider entry of the TRO from September 2 to September 6, 2011.
The Sept. 6 hearing, however, may be canceled if the parties can
agree on terms in advance, Mr. Gleit stated, according to
Reuters.

Next Jump also continues to deny allegations made by Borders in
the infringement lawsuit, Reuters notes.  "The facts have been
significantly distorted and Next Jump has retained counsel to
right the wrong we're being accused of," Meghan Messenger, a
partner at Next Jump, stated in an e-mail to Reuters.

Borders said the lawsuit is aiming to protect its customers,
Reuters relays.  "We take the privacy of our customers very
seriously and will act to ensure that measures are taken to
protect their information," Borders was quoted as saying by
Reuters.

Pursuant to the Court's original schedule, a hearing to consider
the preliminary injunction request will be held on September 15,
2011. Objections to the Preliminary Injunction request are due no
later than September 9.

                       About Borders Group

Borders Group operates book, music and movie superstores and mall-
based bookstores.  At Jan. 29, 2011, the Debtors operated 642
stores, under the Borders, Waldenbooks, Borders Express and
Borders Outlet names, as well as Borders-branded airport stores in
the United States, of which 639 stores are located in the United
States and 3 in Puerto Rico.  In addition, the Debtors operate a
proprietary e-commerce Web site, http://www.Borders.com/,
launched in May 2008, which includes both in-store and online
e-commerce components.  As of Feb. 11, 2011, Borders employed a
total of 6,100 full-time employees, 11,400 part-time employees,
and approximately 600 contingent employees.

Borders Group Inc. and its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. Lead Case No. 11-10614) in
Manhattan on Feb. 16, 2011.

David M. Friedman, Esq., David S. Rosner, Esq., Andrew K. Glenn,
Esq., and Jeffrey R. Gleit, Esq., at Kasowitz, Benson, Torres &
Friedman LLP, in New York, serve as counsel to the Debtors.
Jefferies & Company's Inc. is the financial advisor.  DJM Property
Management is the lease and real estate services provider.  AP
Services LLC is the interim management and restructuring services
provider.  The Garden City Group, Inc., is the claims and notice
agent.

Attorneys at Morgan, Lewis & Bockius LLP, and Riemer & Braunstein
LLP, serve as counsel to the DIP Agents.

Lowenstein Sandler represents the official unsecured creditors
committee for Borders Group.  Bruce S. Nathan and Bruce Buechler,
members of Lowenstein Sandlers' Bankruptcy, Financial
Reorganization & Creditors' Rights Group, are leading the team.

The Debtor disclosed $1.28 billion in assets and $1.29 billion in
liabilities as of Dec. 25, 2010

Borders Group is closing 399 stores.  Borders selected proposals
by Hilco and Gordon Brothers to conduct going out of business
sales for all stores after no going concern offers of higher value
were submitted by the deadline.


BORDERS GROUP: Pinsker Files Class Suit for WARN Act Violations
---------------------------------------------------------------
Jared Pinsker filed a class action against Borders, Inc., for
collection of unpaid wages and benefits for 60 days pursuant to
Section 2101 of the Worker Adjustment and Restraining
Notification Act of 1988 and Section 921 of the New York Labor
Code.

Mr. Pinsker brought the action on behalf of all similarly
situated former employees of the Debtor who worked at or reported
to the facility and who were laid off without cause on or about
July 23, 2011, to August 23, 2011, and thereafter.

The Debtor employed 100 or more employees, exclusive of part-time
employees, or employed 100 or more employees who in the aggregate
worked at least 4,000 hours per week exclusive of hours of
overtime within the U.S. as defined by WARN Section 2101.  During
the relevant class period, the Debtor ordered mass layoffs at the
Facility.  The Debtor's actions resulted in an employment loss as
the term is defined by WARN Section 2101 for at least 33% of its
workforce and at least 50 of its employees.

Counsel to Mr. Pinsker, Stuart J. Miller, Esq., at Lankenau &
Miller, LLP, in New York, asserts that the Debtor failed to
provide Mr. Pinsker and the other Similarly Situated Employees or
their representatives at least 60 days' advance notice of their
termination as required by the WARN Act.  Prior to their
terminations, neither Mr. Pinsker nor the other Similarly
Situated Employees or their representatives received written
notice that complied with the requirements of the WARN Act, Mr.
Miller contends.

Moreover, the Debtors failed to pay Mr. Pinsker and the other
Similarly Situated Employees their wages, salary, commissions,
bonuses, accrued holiday pay vacation, which would have accrued
for 60 days following their terminations without notice and
failed to make 401(k) contributions and provide them with health
insurance coverage and other employee benefits, Mr. Miller
argues.

Against this backdrop, Mr. Pinsker and the other Similarly
Situated Employees ask the Court to enter a judgment for:

  (A) an allowed administrative priority claim pursuant to
      Section 503 of the Bankruptcy Code in an amount equal to
      the sum of: unpaid wages, salary, commissions, bonuses,
      accrued holiday pay, accrued vacation pay, pension and
      401(k) contributions and other benefits under the Employee
      Retirement Income Security Act for 60 working days
      following the terminations that would have been covered
      and paid under the then-applicable employee benefit plans
      had that coverage continued for that period, all
      determined in accordance with Section 2104(a)(1)(A) of the
      WARN Act;

  (B) a certification that pursuant to Rule 23(a) and (b) of the
      Federal Rules of Civil Procedure and WARN Act Section
      2104(a)(5), Mr. Pinsker and other Class members constitute
      a single class;

  (C) appointment of Mr. Pinsker as the class representative and
      payment of reasonable compensation to him for services;

  (D) appointment of Mr. Pinsker's attorneys as class counsel;
       and

  (E) an allowed administrative priority claim under Section 503
      for the reasonable attorneys' fees and costs and
      disbursements Mr. Pinsker incurs in prosecuting the
      adversary proceeding, as authorized by WARN Act Section
      2104(a)(6) and New York Labor Code Section 921.

                       About Borders Group

Borders Group operates book, music and movie superstores and mall-
based bookstores.  At Jan. 29, 2011, the Debtors operated 642
stores, under the Borders, Waldenbooks, Borders Express and
Borders Outlet names, as well as Borders-branded airport stores in
the United States, of which 639 stores are located in the United
States and 3 in Puerto Rico.  In addition, the Debtors operate a
proprietary e-commerce Web site, http://www.Borders.com/,
launched in May 2008, which includes both in-store and online
e-commerce components.  As of Feb. 11, 2011, Borders employed a
total of 6,100 full-time employees, 11,400 part-time employees,
and approximately 600 contingent employees.

Borders Group Inc. and its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. Lead Case No. 11-10614) in
Manhattan on Feb. 16, 2011.

David M. Friedman, Esq., David S. Rosner, Esq., Andrew K. Glenn,
Esq., and Jeffrey R. Gleit, Esq., at Kasowitz, Benson, Torres &
Friedman LLP, in New York, serve as counsel to the Debtors.
Jefferies & Company's Inc. is the financial advisor.  DJM Property
Management is the lease and real estate services provider.  AP
Services LLC is the interim management and restructuring services
provider.  The Garden City Group, Inc., is the claims and notice
agent.

Attorneys at Morgan, Lewis & Bockius LLP, and Riemer & Braunstein
LLP, serve as counsel to the DIP Agents.

Lowenstein Sandler represents the official unsecured creditors
committee for Borders Group.  Bruce S. Nathan and Bruce Buechler,
members of Lowenstein Sandlers' Bankruptcy, Financial
Reorganization & Creditors' Rights Group, are leading the team.

The Debtor disclosed $1.28 billion in assets and $1.29 billion in
liabilities as of Dec. 25, 2010

Borders Group is closing 399 stores.  Borders selected proposals
by Hilco and Gordon Brothers to conduct going out of business
sales for all stores after no going concern offers of higher value
were submitted by the deadline.


CASCO HOTEL: Files Schedules of Assets & Liabilities
----------------------------------------------------
Casco Hotel Group, LLC, a subsidiary Massachusetts Elephant &
Castle Group, filed with the U.S. Bankruptcy Court for the
District of Maryland, its schedules of assets and liabilities,
disclosing:

  Name of Schedule               Assets                Liabilities
  ----------------              -------                -----------
A. Real Property               $17,000,000
B. Personal Property              $810,996
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                     $14,053,752
E. Creditors Holding
   Unsecured Priority
   Claims                                                      $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                                      $0

                                 -----------       --------------
      TOTAL                      $17,810,966          $14,053,752

         About Congressional Hotel and CASCO Hotel Group

Casco Hotel Group, LLC, owns the Legacy Hotel in Rockville,
Maryland.  Congressional Hotel Corporation is a holdover tenant on
the Property and manages the Property on behalf of CASCO.  The
hotel was previously known as Ramada Inn.

Congressional Hotel filed for Chapter 11 relief (Bankr. D. Md.
Case No. 11-26732) on Aug. 15, 2011.  CASCO filed for Chapter 11
relief (Bankr. D. Md. Case No. 11-26880) two days later.

CASCO is a single-asset real estate company.  It declared assets
and liabilities each in the range of $10 million to $50 million.
Congressional Hotel scheduled $709,121 in assets and $19,883,667
in debts.  James Greenan, Esq., at McNamee Hosea, represents
Congressional Hotel.

Congressional Hotel previously filed for Chapter 11 bankruptcy
(Bankr. D. Md. Case No. 09-17901) on May 3, 2009.  James Greenan,
Esq., at McNamee Hosea represented the Debtor in its restructuring
efforts.  The 2009 petition estimated the Debtor's assets and
debts from $10 million to $50 million.  The case was dismissed on
May 18, 2011, at the request of creditor Mervis Diamond Corp.  But
a resolution couldn't be confirmed with Mervis Diamond and other
creditors, prompting Congressional Hotel to seek Chapter 11
protection again.


CITIZENS DEVELOPMENT: Stipulation With Telesis on Hearings OK'd
---------------------------------------------------------------
The Hon. Laura S. Taylor of the U.S. Bankruptcy Court for the
Southern District of California has approved a stipulation between
Citizens Development Corp. and Telesis Community Credit Union
scheduling further continued trial dates and other deadlines in
connection with Telesis' relief from stay motion.  The Court also
orders the continuing of the hearing on the Disclosure Statement
describing the Debtor's Plan of Reorganization, and authorizing
the Debtor to continue to use cash collateral in which Telesis
asserts a security interest.

The evidentiary hearings on the Talecris motion will be held on
Nov. 14, 2011, commencing at 10:00 a.m.; Nov. 15, 2011, commencing
at 10:00 a.m.; and Nov. 16, 2011, commencing at 10:00 a.m.

The parties are to exchange all documents that the parties intend
to use at trial by Oct. 14, 2011.  The parties will produce their
witnesses for deposition without subpoena on mutually agreed on
days during anytime between Sept. 1, 2011 and Oct. 30, 2011.

The parties will produce any additional expert appraisal reports
by Sept. 30, 2011, will produce other expert report by Sept. 30,
2011, and will produce their expert witnesses for deposition
without subpoena on mutually agreed upon days at any time between
Sept. 1, 2011 and Oct. 30, 2011.

The parties will file and exchange trial briefs, declarations of
direct testimony, including the identification of testimony to be
offered via deposition transcripts and exhibits by Nov. 7, 2011.

The hearing on the Debtor's Disclosure Statement will be held on
Dec. 2, 2011, at 10:00 a.m.  Telesis' objection to the Disclosure
Statement is due on Nov. 28, 2011.

The Debtor will be authorized to continue to use cash collateral
in which Telesis asserts a security interest, through and
including Nov. 16, 2011, pursuant to the terms of the Telesis
Cash Collateral Order.

                 About Citizens Development Corp.

San Marcos, California-based Citizens Development Corp., owns and
operates the Lake San Marcos Resort and Country Club located in
San Diego County.  The Company 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, represents the Debtor.  The Debtor estimated its
assets 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).


CLAUDIO OSORIO: To Sell Mansion to Keep Control Over Estate
-----------------------------------------------------------
Paul Brinkmann at South Florida Business Journal reports Claudio
Osorio is being forced to sell the mansion in an attempt to
maintain control over his estate in Chapter 11 bankruptcy.  The
minimum bid is $10.5 million.

According to the report, Mr. Osorio told a bankruptcy judge he
plans to launch a new company partly funded by the proceeds of the
home sale.  His most recent company, InnoVida Holdings, was a
construction panel manufacturer that went bankrupt after several
investors sued Mr. Osorio for lack of payment under contract.  At
least three of his Star Island neighbors are among the angry
investors who have sued him.

The report says Pompano Beach-based Fisher Auction Co. is handling
the sale, and broker Jill Eber is representing Mr. Osorio.  The
list price has been $14.9 million.  Mr. Eber said some buyers have
expressed interest in keeping the current house.

The report relates that Denver oil businessman Thomas Morgan
previously submitted an offer of $10 million, subject to court
approval.  But after additional interest from possible buyers, the
deal was nixed, and Morgan failed in an attempt to enforce the
contract.  According to court filings, Morgan was offered a
position as a stalking-horse bidder, but declined.

Other facts about the auction, according to court documents:

  -- Bidding will be in increments of $100,000.

  -- An additional 6 percent will be added to the winning bid to
     cover the auctioneer and broker fee, plus a relatively small
     disbursement to the estate.

                 About InnoVida and Osorio

Receiver Mark S. Meland, at Meland Russin & Budwick, PA, filed a
Chapter 11 petition for InnoVida Holdings, LLC, fdba COEG, LLC
(Bankr. S.D. Fla. Case No. 11-17702) on March 24, 2011.  Separate
Chapter 11 petitions were also filed for these affiliates:
InnoVida MRD, LLC (Case No. 11-17704), InnoVida Services, Inc.
(Case No. 11-17705), and InnoVida Southeast, LLC (Case No. 11-
17706).  Peter D. Russin, Esq., at Meland Russin & Budwick, P.A.,
serves as bankruptcy counsel.  InnoVida Holdings has under $50,000
in assets and $10 million to $50 million in debts, according to
the petition.

Founder Claudio Eleazar and Amarilis Osorio filed a separate
Chapter 11 petition (Bankr. S.D. Fla. Case No. 11-17075) on
March 17, 2011.  Mr. Osorios is being accused of fraud and
mismanagement.

Bankruptcy Judge Robert A. Mark in Miami authorized the
appointment of Mark S. Meland as trustee for InnoVida.
Mr. Meland, who had been serving as a receiver for the business in
the wake of the allegations against Mr. Osorio, was the one who
ushered InnoVida into bankruptcy.

According to DBR, the ruling paved the way for the federal
bankruptcy watchdog assigned to the case to place Mark S. Meland
in the role.  Mr. Meland, who had been serving as a receiver for
the business in the wake of the allegations against Mr. Osorio,
was the one who ushered InnoVida into bankruptcy on March 24.


CORUS BANKSHARES: FDIC Says Ch. 11 Plan Violates Priority Rule
--------------------------------------------------------------
The Federal Deposit Insurance Corporation, as Receiver for Corus
Bank, N.A., objects to the proposed Plan of Reorganization filed
by Corus Bankshares, Inc.  The FDIC, which has an ongoing
$265 million tax dispute with the Debtor, says it will vote
against the Plan because it violates the absolute priority rule.

The FDIC objects to the Plan on two grounds.  First, the Plan
violates the absolute priority rule and is therefore unconfirmable
absent the consent of the FDIC.  Second, the Plan pays fees to
various participants in the bankruptcy process in violation of the
requirements of the Bankruptcy Code.

The FDIC notes that the absolute priority rule requires that
senior creditors be paid in full before junior creditors are paid
in any amount.  Under the Plan, the amounts owed to the TOPrS
debenture holders and the amount presumed to be owed to the FDIC
are given pari passu treatment.  Thus, if the TOPrS indebtedness
is junior to that of the FDIC claim, the Plan violates the
absolute priority rule and cannot be confirmed.

The Plan, according to the FDIC, is also deficient and
unconfirmable in that it allows for a variety of fees,
particularly those of the Indenture Trustees and Tricadia, to be
paid as if they were administrative claims.  The Indenture
Trustees and Tricadia are unsecured creditors with no claim to
priority.  Payment of their fees, the FDIC relates, violates the
Bankruptcy Code, which requires that creditors demonstrate a
substantial contribution before being compensated.

The FDIC is represented by:

     Alan P. Solow, Esq.
     Oksana Koltko, Esq.
     DLA PIPER LLP (US)
     203 North LaSalle Street, Suite 1900
     Chicago, Illinois 60601
     Phone: (312) 368-4000
     E-mail: alan.solow@dlapiper.com
             oksana.koltko@dlapiper.com

                       The Chapter 11 Plan

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported early August that Corus Bankshares Inc. returns to the
bankruptcy court on Sept. 27 for a confirmation hearing to approve
the Chapter 11 plan.

At the end of July, the bankruptcy court in Chicago approved the
disclosure statement giving creditors the information they need in
deciding how to vote on the plan.

According to the Bloomberg report, the salient terms of the Plan
are:

    * The Federal Deposit Insurance Corp. claims will be put into
      two classes, one for a priority claim and another for its
      nonpriority unsecured claim.  Eventually, Corus doesn't
      believe the FDIC will have any valid priority claim to be
      paid in full ahead of unsecured creditors.  For the
      unsecured claim that could be as much as $183.4 million,
      FDIC is expected to recover between 6.2% and 53.3%.

    * Holders of trust preferred securities, known as TOPrS, are
      to have a similar recovery for their $415.6 million in
      claims.

    * General unsecured creditors with claims totaling between $10
      million and $21 million are to have an identical dividend.

    * Subordinated creditors and shareholders won't receive
      anything.

The FDIC and Corus are in litigation over who owns $258 million in
tax refunds.

                        Plan Supplement

Corus Bankshares, Inc., has filed with the U.S. Bankruptcy Court a
Plan Supplement for its Second Amended Chapter 11 Plan.

The Debtors has filed this first amendment to the Plan Supplement
with the following revised exhibits to the Plan Supplement:

     * Exhibit 1 - Charter of the Reorganized Debtor
     * Exhibit 3 - List of Rejected Executory Contracts and
       Unexpired Leases

A copy of the amended plan supplement is available at:
http://bankrupt.com/misc/CORUS_amendmentsupplement.pdf

                      About Corus Bankshares

Chicago, Illinois-based Corus Bankshares, Inc., is a bank holding
company.  Its lone operating unit, Corus Bank, N.A., was closed
on Sept. 11, 2009, by regulators, and the Federal Deposit
Insurance Corporation was named receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Chicago-based MB Financial Bank, National
Association, to assume all of the deposits of Corus Bank.

Corus Bankshares sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 10-26881) on June 15, 2010, disclosing $314,145,828 in
assets and $532,938,418 in liabilities as of the Chapter 11
filing.

Kirkland & Ellis LLP's James H.M. Sprayregen, Esq., David R.
Seligman, Esq., and Jeffrey W. Gettleman, Esq., serve as the
Debtor's bankruptcy counsel.  Kinetic Advisors is the Company's
restructuring advisor.  Plante & Moran is the Company's auditor
and accountant.  Kilpatrick Stockton LLP's Todd Meyers, Esq., and
Sameer Kapoor, Esq.; and Neal Gerber & Eisenberg LLP's Mark
Berkoff, Esq., Deborah Gutfeld, Esq., and Nicholas M. Miller,
Esq., represent the official committee of unsecured creditors.


CRAWFORD FURNITURE: May Use Cash Collateral Until Sept. 16
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of New York
approved Crawford Furniture Manufacturing Corp., and Crawford
Furniture Retail Outlet, Inc.'s stipulation and order authorizing,
on an emergency and limited basis, use of certain cash collateral,
all of which may be presently subject to liens and security
interests in favor of England, Inc.  The Debtors also filed a
separate cash collateral motion.

England asserts a claim against Retail for $80,000 for the unpaid
purchase price of certain furniture goods that were sold and
delivered prepetition.  The England Claim is secured pursuant to a
security agreement dated April 11, 2011, that was executed and
delivered by Manufacturing in favor of La-Z-Boy, Incorporated, and
any of its subsidiaries and affiliates, including England.  Under
the Security Agreement, England asserts a security interest in all
of Manufacturing's inventory, including Manufacturing's cash
collateral.

In their Cash Collateral Motion, the Debtors contend that
Manufacturing requires the use of the Cash Collateral to fund its
day-to-day operations.  Absent that relief, Manufacturing's
business will be seriously affected, with disastrous consequences
for the Debtors, their estates and their creditors, Camille W.
Hill, Esq., at Bond, Schoeneck & King, PLLC, in Syracuse, New York
-- chill@bsk.com -- tells the Court.  She notes that Manufacturing
is unable to obtain unsecured credit under Section 503(b)(1) of
the Bankruptcy Code as an administrative expense sufficient to
meet its operating needs.

Under the Debtors and England's Stipulation, Manufacturing may use
the Cash Collateral and may use it to pay ordinary and necessary
business expenses.  The Debtor's right to use the Cash Collateral
pursuant to the Stipulation and Order will commence as of the
Petition Date and expire on the earlier of (i) 21 days after entry
of the Order, or (ii) two days after the initial hearing date of
the Cash Collateral Motion.

In addition to the existing rights and interests of England in the
Cash Collateral, England is granted a security interest as
replacement lien in and upon the Cash Collateral in existence
prepetition and created or arising postpetition, as security only
for the actual amount of Cash Collateral used by Manufacturing.
The Court also ruled that no expenses of administration of
Manufacturing's bankruptcy estate will be charged pursuant to
Section 506(c) of the Bankruptcy Code, or otherwise, against the
Postpetition Collateral.

A hearing to consider the Cash Collateral Motion on an interim
basis will be held on Sept. 14, 2011.  Final hearing is on
Sept. 22.

                    About Crawford Furniture

Crawford Furniture Manufacturing Corp., of Jamestown, New York,
has been a leading manufacturer for more than 120 years of quality
100% solid wood furniture.  Manufacturing was started in 1883 by
two Swedish craftsmen and was originally known as the Swedish
Furniture Manufacturing Corporation.  Manufacturing specializes in
the manufacture of bedroom and dining room furniture from solid
wood, specifically ash, cherry, maple and oak, that is purchased
within a 150-mile radius of its factory in Jamestown.

Crawford Furniture Retail Outlet, Inc., has operated five retail
stores in western New York since 2004.  Retail also operates a
warehouse/delivery depot at Benderson Development Park, in
Cheektowaga, New York.

Crawford Furniture Manufacturing filed for Chapter 11 bankruptcy
(Bankr. W.D.N.Y. Lead Case No. 11-12945) on Aug. 25, 2011.
Camille W. Hill, Esq., at Bond, Schoeneck & King, PLLC, serves as
the Debtors' counsel.  Crawford Furniture Manufacturing estimated
assets at $10 million to $50 million and debts at $1 million to
$10 million.  Retail filed a separate Chapter 11 petition on the
same day.  The cases are jointly administered.


CRAWFORD FURNITURE: Sec. 341 Creditors' Meeting Set for Oct. 3
--------------------------------------------------------------
The United States Trustee for Region 2 will hold a meeting of
creditors pursuant to 11 U.S.C. Sec. 341 in the bankruptcy cases
of Crawford Furniture Manufacturing Corp., and Crawford Furniture
Retail Outlet, Inc., on Oct. 3, 2011, at 02:30 p.m. at the Office
of the U.S. Trustee, Olympic Towers, 300 Pearl Street, Suite 401,
in Buffalo, New York.

Deadline to file a complaint to determine dischargeability of
certain debts is on Dec. 2, 2011.

This is the first meeting of creditors required under Section
341(a) of the 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.

The Debtors' representative must be present at the meeting to be
questioned under oath by the trustee and by creditors.  Creditors
are welcome to attend, but are not required to do so.  The meeting
may be continued and concluded at a later date without further
notice.

                    About Crawford Furniture

Crawford Furniture Manufacturing Corp., of Jamestown, New York,
has been a leading manufacturer for more than 120 years of quality
100% solid wood furniture.  Manufacturing was started in 1883 by
two Swedish craftsmen and was originally known as the Swedish
Furniture Manufacturing Corporation.  Manufacturing specializes in
the manufacture of bedroom and dining room furniture from solid
wood, specifically ash, cherry, maple and oak, that is purchased
within a 150-mile radius of its factory in Jamestown.

Crawford Furniture Retail Outlet, Inc., has operated five retail
stores in western New York since 2004.  Retail also operates a
warehouse/delivery depot at Benderson Development Park, in
Cheektowaga, New York.

Crawford Furniture Manufacturing filed for Chapter 11 bankruptcy
(Bankr. W.D.N.Y. Lead Case No. 11-12945) on Aug. 25, 2011.
Camille W. Hill, Esq., at Bond, Schoeneck & King, PLLC, serves as
the Debtors' counsel.  Crawford Furniture Manufacturing estimated
assets at $10 million to $50 million and debts at $1 million to
$10 million.  Retail filed a separate Chapter 11 petition on the
same day.  The cases are jointly administered.


CRYSTAL CATHEDRAL: Court OKs FTI Consulting to Work on Plan
-----------------------------------------------------------
Crystal Cathedral Ministries sought and obtained permission from
the U.S. Bankruptcy Court for the Central District of California
to employ FTI Consulting, Inc. as financial advisor and
consultant.

The firm, will among other things:

   -- prepare a cram down analyses to be used in conjunction
      with the drafting of a plan of reorganization, including
      the assessment of the appropriate rate of interest;

   -- provide litigation advisory services, including expert
      witness testimony on case related issues, as necessary; and

   -- assist with the preparation of financial information for
      distribution to creditors and others, including without
      limitation, cash flow projections and budgets, cash receipts
      and disbursement analysis, analysis of various asset and
      liability accounts, and analysis of proposed transaction for
      which Court approval is sought.

The firm's rates are:

   Personnel                 Title                  Hourly Rate
   ---------                 -----                  -----------
Ronald F. Greenspan     Senior Managing Director       $895
Michael J. VanderLey    Managing Director              $730
Steven E. Voskanian     Director                       $640

                      About Crystal Cathedral

Crystal Cathedral Ministries is a Southern California-based
megachurch founded by television evangelist Robert Schuller.  The
church, known for its television show "The Hour of Power."

Mr. Schuller retired from his role as senior pastor of Crystal
Cathedral in 2006. His daughter Sheila Schuller Coleman has been
senior pastor since July 2009.  Contributions declined 24 percent
in 2009, in part on account of "unsettled leadership."

Crystal Cathedral filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Calif. 10-24771) on Oct. 18, 2010.  The Debtor
disclosed $72,872,165 in assets and $48,460,826 in liabilities as
of the Chapter 11 filing.  Marc J. Winthrop, Esq., at Winthrop
Couchot P.C. represent the Debtor.

Todd C. Ringstad, Esq., at Ringstad & Sanders, LLP, represents the
Official Committee of Unsecured Creditors.  The Creditors
Committee is asking the bankruptcy judge terminate the church's
exclusive right to propose a Chapter 11 plan.

                  Debtor Hopes to Keep Church

Crystal Cathedral on July 31 said that its board has voted to
forego choosing a buyer of its Crystal Cathedral property, as part
of its bankruptcy reorganization plan.  The church says it hopes
to raise $50 million in order to fend off the sale being pushed by
the Official Committee of Unsecured Creditors.

The church itself began the sale process by proposing a plan where
the campus would be sold to Greenlaw Partners LLC and leased back
in a $46 million transaction.  Greenlaw would develop some of the
property. Chapman University made a similar $46 million proposal.
Needing a larger cathedral, the Roman Catholic Diocese of Orange
County, California, later made an offer to purchase the church and
its property for $50 million.

The judge previously approved sale procedures where bids were due
July 22 in advance of an Aug. 5 auction and a hearing on Aug. 9 to
approve the sale.


CRYSTAL CATHEDRAL: Court OKs Prudential as Condominium Broker
-------------------------------------------------------------
Crystal Cathedral Ministries sought and obtained permission from
the U.S. Bankruptcy Court for the Central District of California
to employ Prudential California Realty as real estate broker to
assist with the sale of certain residential real property located
at 31423 Coast Highway, No. 33, Laguna Beach, California.

The firm will assist the Debtor with identifying prospective
buyers for the condominium and effectuating and consummating a
sale of the condominium.

The firm's compensation will include a percentage fee commission
of 3% based a listing price of the condominium, if:

   a) a condominium is sold during the term of the listing
   agreement or any extension thereto to a purchaser procured by
   the firm, the Debtor, or any other party;

   b) within 180 days after the expiration of the term of the
   listing agreement and any extension thereto, unless otherwise
   agreed, the Debtor enters into a sales contract to sell,
   convey, lease or otherwise transfer the condominium to anyone
   or that person's related entity; and

   c) if, without the firm's prior written consent, the
   condominium is withdrawn from sale, conveyed, leased, rented,
   otherwise transferred, or made unmarketable by a voluntary act
   of the Debtor during the listing period or any extension
   thereto.

If the condominium is not sold during the term of the listing
agreement then the Debtor will have no obligation to pay the fee
any fees and expenses.

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

                      About Crystal Cathedral

Crystal Cathedral Ministries is a Southern California-based
megachurch founded by television evangelist Robert Schuller.  The
church, known for its television show "The Hour of Power."

Mr. Schuller retired from his role as senior pastor of Crystal
Cathedral in 2006.  His daughter Sheila Schuller Coleman has been
senior pastor since July 2009.  Contributions declined 24 percent
in 2009, in part on account of "unsettled leadership."

Crystal Cathedral filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Calif. 10-24771) on Oct. 18, 2010.  The Debtor
disclosed $72,872,165 in assets and $48,460,826 in liabilities as
of the Chapter 11 filing.  Marc J. Winthrop, Esq., at Winthrop
Couchot P.C. represent the Debtor.

Todd C. Ringstad, Esq., at Ringstad & Sanders, LLP, represents the
Official Committee of Unsecured Creditors.


CRYSTAL CATHEDRAL: Committee Withdraws Motion to End Exclusivity
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Crystal Cathedral
Ministries has withdrawn its motion to terminate the Debtor's
exclusive periods to file and solicit acceptances for the proposed
chapter 11 plan, so as to permit the Committee to file a plan.

                   About Crystal Cathedral

Crystal Cathedral Ministries is a Southern California-based
megachurch founded by television evangelist Robert Schuller.  The
church, known for its television show "The Hour of Power."

Mr. Schuller retired from his role as senior pastor of Crystal
Cathedral in 2006. His daughter Sheila Schuller Coleman has been
senior pastor since July 2009.  Contributions declined 24 percent
in 2009, in part on account of "unsettled leadership."

Crystal Cathedral filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Calif. 10-24771) on Oct. 18, 2010.  The Debtor
disclosed $72,872,165 in assets and $48,460,826 in liabilities as
of the Chapter 11 filing.  Marc J. Winthrop, Esq., at Winthrop
Couchot P.C. represent the Debtor.

Todd C. Ringstad, Esq., at Ringstad & Sanders, LLP, represents the
Official Committee of Unsecured Creditors.

                  Debtor Hopes to Keep Church

Crystal Cathedral on July 31 said that its board has voted to
forego choosing a buyer of its Crystal Cathedral property, as part
of its bankruptcy reorganization plan.  The church says it hopes
to raise $50 million in order to fend off the sale being pushed by
the Official Committee of Unsecured Creditors.

The church itself began the sale process by proposing a plan where
the campus would be sold to Greenlaw Partners LLC and leased back
in a $46 million transaction.  Greenlaw would develop some of the
property. Chapman University made a similar $46 million proposal.
Needing a larger cathedral, the Roman Catholic Diocese of Orange
County, California, later made an offer to purchase the church and
its property for $50 million.

The judge previously approved sale procedures where bids were due
July 22 in advance of an Aug. 5 auction and a hearing on Aug. 9 to
approve the sale.


D & D: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------
Debtor: D & D Hospitality, LLC
        P.O. Box 2675
        Huntsville, AL 35804

Bankruptcy Case No.: 11-83081

Chapter 11 Petition Date: September 2, 2011

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

Judge: Jack Caddell

Debtor's Counsel: Tazewell Shepard, Esq.
                  SPARKMAN, SHEPARD & MORRIS, P.C.
                  P.O. Box 19045
                  Huntsville, AL 35804
                  Tel: (256) 512-9924
                  E-mail: taze@tshepard.com

Scheduled Assets: $2,773,660

Scheduled Debts: $4,982,077

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/alnb11-83081.pdf

The petition was signed by Gagandeep Dhaliwal, managing member.


DELPHI CORP: Judge Dismisses Claims Against Geithner
----------------------------------------------------
Maria Chutchian at Bankruptcy Law360 reports that a Michigan
federal judge on Friday dismissed claims that U.S. Treasury
Secretary Timothy Geithner and federal automotive advisers had
denied retired automotive employees benefits for political reasons
when they rehashed part of Delphi Automotive PLC's pension plan
following the 2008 auto industry bailout.

The Delphi Salaried Retiree Association, a nonprofit, nonunionized
group, sued Mr. Geithner, his Lead Auto Industry Adviser Steven
Rattner and Senior Auto Industry Adviser Ron Bloom in August 2010.

                        About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- was a global supplier of electronics and
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On Oct. 6, 2009, Delphi Corp.'s Chapter 11 plan of reorganization
became effective.  A Master Disposition Agreement executed among
Delphi Corporation, Motors Liquidation Company, General Motors
Company, GM Components Holdings LLC, and DIP Holdco 3, LLC,
divides Delphi's business among three separate parties -- DPH
Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

Bankruptcy Creditors' Service, Inc., publishes Delphi Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings of Delphi
Corp. and its debtor-affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000


DELPHI CORP: Asks for Leave to File Counterclaim
------------------------------------------------
Methode Electronics, Inc., seeks leave from the U.S. Bankruptcy
Court for the Southern District of New York to file an amended
claim in Michigan against the Reorganized Debtor.

At the Bankruptcy Court's direction, Methode has reformulated its
proposed counterclaim and tendered its proposal to Delphi, but
Delphi has not advised whether Methode's proposal is acceptable,
according to Shalom Jacob, Esq., at Locke Lord Bisell & Liddell
LLP, in New York -- sjacob@lockelord.com.

Mr. Jacob asserts that cause exists to grant Methode leave to
file its amended counterclaim -- asserting a breach of a contract
that was executed after confirmation of Delphi's First Plan of
Reorganization -- in a state court in Oakland County, Michigan.
After all, the Michigan Court is the forum (i) that Delphi
consistently imposed on its vendor, including Methode; (ii) where
Delphi initiated its lawsuits against Methode; and (iii) in which
Delphi litigated the state-law issues extensively before and
after the Modified Plan was confirmed, he points out.  Indeed,
the Bankruptcy Court recognized the significant involvement by
the Michigan Court in the contract dispute and that Michigan was
an appropriate venue, he asserts.

"This is all the more true because the entire contract and
lawsuit at issue never would have come into existence had Delphi
merely disclosed that it had secretly sued Methode in the
Bankruptcy Court a year earlier for alleged preference payments,"
Mr. Jacob says.  Methode alleges that Delphi concealed the
preference action so that it would be lulled into continuing to
do business with a party that had just sued it for $20 million.
Delphi also procured various orders from the Bankruptcy Court,
including the administrative bar dates and a vague "injunction"
embedded within the depths of its Modified Plan.

Under the guise of enforcing those very same orders, Delphi now
attempts to use those orders as roadblocks to Methode's
counterclaim, Mr. Jacob contends.  However, Methode had no idea
of critical facts or its claims against Delphi while Delphi
obtained relief from the Bankruptcy Court and, thus, did not
receive "notice" thereof, he insists.  Having misled the
Bankruptcy Court and Methode, Delphi should not now be allowed to
avoid adjudication of its contract lawsuit on the merits, he
maintains.

                 Reorganized Debtors Respond

Counsel to the Reorganized Debtors, John Wm. Butler, Jr., Esq.,
at Skadden, Arps, Slate, Meagher & Flom LLP, in Chicago,
Illinois, contends that the previous stipulation between the
Reorganized Debtors and Methode clearly bars any claim based on
Delphi's pre-bar-date conduct, including alleged conduct in
connection with entry into the supply agreement, and Methode was
fully aware of the preference action at that time it entered into
the stipulation.  Indeed, Methode has not put forward any legal
support to show that it could plausibly prevail on a claim that
the three-year term in the Supply Agreement renders the express
termination-for-convenience provision void, he stresses.

Contrary to Methode's arguments, the Bankruptcy Court is in a
better position than the Michigan state court to evaluate whether
Delphi made false representations or failed to comply with the
Bankruptcy Court's own orders, Mr. Butler asserts.  The
Bankruptcy Court has retained exclusive jurisdiction to
adjudicate claims like Methode's counterclaim, and there is not
compelling reason to transfer the claim to Michigan, he points
out.  Essentially, Methode's counterclaim is a claim for
administrative expense and is within the core jurisdiction for
the Bankruptcy Court, he insists.

Mr. Butler further avers that the injunction under the Modified
Plan applies to the Michigan Action.  The Bankruptcy Code
provides that the discharge of the debtor operates as an
injunction against the commencement or continuation of an action
to collect a discharge debt, he says.  As Methode concedes,
mandatory abstention applies only to claims in which the
bankruptcy court is exercising "related to" jurisdiction.
Because Methode's counterclaim is a core proceeding, there can be
no mandatory abstention, he adds.

                        About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- was a global supplier of electronics and
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On Oct. 6, 2009, Delphi Corp.'s Chapter 11 plan of reorganization
became effective.  A Master Disposition Agreement executed among
Delphi Corporation, Motors Liquidation Company, General Motors
Company, GM Components Holdings LLC, and DIP Holdco 3, LLC,
divides Delphi's business among three separate parties -- DPH
Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

Bankruptcy Creditors' Service, Inc., publishes Delphi Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings of Delphi
Corp. and its debtor-affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000


DELPHI CORP: District Court Upholds Ruling on MFA Claim Denial
--------------------------------------------------------------
Judge Paul A. Crotty of the U.S. District Court for the Southern
District of New York affirmed Judge Robert Drain's September 9,
2010, order (i) denying the Michigan Funds Administration's motion
to amend and administrative expense claim against Delphi Corp.,
and (ii) disallowing and expunging the underlying claim.

In a bench ruling, the U.S. Bankruptcy Court for the Southern
District of New York found that the MFA's claim for 2009 was a
new claim, rather than an amendment and denied MFA's request for
payment.  In denying MFA's request for payment, the Bankruptcy
Court relied on the two-part test outlined by the U.S. Court of
Appeals for the Second Circuit in Midland Cogeneration Venture
L.P. v. Enron Corp. (In re Enron Corp.), 419 F.3d 115 (2d Cir.
2005).  The Bankruptcy Court also examined the new claim under
the standard outline in Pioneer Investment Services Co. v.
Brunswick Associates, L.P., 507 U.S. 380 (1993) and found that
MFA should not be allowed to assert the 2009 Claim because it was
well within the MFA's control to file the 2009 Claim within
either of the two bar dates.

MFA alleged that the Bankruptcy Court "abused its discretion in
failing to recognize the continuous nature of the Funds
Administration claims and instead, chose to differentiate the
case law . . . on confusing and questionable grounds."  Judge
Crotty determined that the MFA's attempt to place its claims
within the auspices of In Indus. Comm'r of New York v. Schneider,
162 F.2d 847 (2d Cir. 1947) and Schneider and In re Sage-Dey,
Inc., 170 B.R. 46 (Bankr. N.D.N.Y 1994) by arguing that, like the
taxes at issue in those cases, its assessments under Michigan's
Workers' Disability Compensation Act or WDCA are "continuous"
fails.  In contrast to those two cases, WDCA assessments do not
accumulate as they accrue -- they can only be calculated
annually, Judge Crotty explained.  Accordingly, the District
Court finds that the Bankruptcy Court properly applied the first
prong of the Enron test and that it did not abuse its discretion
in treating the 2009 Claim as a new claim rather than an
amendment.

Judge Crotty mentioned that in the context of bankruptcy where
the court has approved a plan for the debtor's reemergence from
the law's protection, the bankruptcy court's bar dates must be
strictly applied.  The Bankruptcy Court clearly announced the Bar
Dates, and the MFA does not dispute that it was aware of them.
Against this backdrop, the MFA had the ability, as evidenced by
the 2009 Claim itself, to estimate or file a contingent claim
before the Bar Dates lapsed, and it failed to do so, the district
judge determined.  "Thus, this court cannot say that the
bankruptcy court abused its discretion in denying MFA's claim
under Pioneer," Judge Crotty opined.

Judge Crotty further found that the MFA's argument that its
"proposed amendment must be reviewed under the second prong of
[Enron]" rather than under Pioneer is meritless.  The district
judge held that it is clear that a creditor's proposed amendment
must pass both parts of the test in order for the bankruptcy
court to allow it.  The MFA's argument, however, ignores the fact
that the equitable analysis of belated amendments to claims
closely resembles Pioneer's excusable neglect analysis of belated
new claims, the district judge stated.

For those reasons, the District Court found that the Bankruptcy
Court did not abuse its discretion in denying MFA's request for
amendment and expunging and disallowing the underlying claim.
The District Court directed the clerk of court to enter judgment
and close this case.

A full-text copy of Judge Crotty's decision dated August 19, 2011
is available for free at:

         http://bankrupt.com/misc/Delphi_DCAug19Order.pdf

                        About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- was a global supplier of electronics and
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On Oct. 6, 2009, Delphi Corp.'s Chapter 11 plan of reorganization
became effective.  A Master Disposition Agreement executed among
Delphi Corporation, Motors Liquidation Company, General Motors
Company, GM Components Holdings LLC, and DIP Holdco 3, LLC,
divides Delphi's business among three separate parties -- DPH
Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

Bankruptcy Creditors' Service, Inc., publishes Delphi Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings of Delphi
Corp. and its debtor-affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000


DELPHI CORP: Court Grants ATS' Summary Judgment Bid
---------------------------------------------------
The U.S. District Court for the Southern District of New York
granted ATS Automation Tooling Systems, Inc.'s motion for summary
judgment in a case captioned Longacre Master Fund, Ltd. v. ATS
Automation Tooling Systems Inc.

Longacre Master Fund Ltd. and Longacre Capital Partners, L.P.
brought the complaint in the Supreme Court of the State of New
York County and removed to the New York District Court on
October 21, 2010.  At issue is the effect of certain procedures
in Delphi Corp.'s complicated bankruptcy under the terms of the
sale and the location of risk under.  What is ultimately at issue
in the case is approximately $820,000 in interest on claim.


In July 2006, ATS filed Claim No. 15669 for $155,344 and Claim
No. 16415 for $1,983,000 against the Debtor.  ATS and Longacre
are parties to an Assignment of Claim agreement, whereby ATS
sold, transferred and assigned to Longacre all of its right,
title and interest in the claims for $2,138,334 filed against the
Debtor, for a purchase price $1,903,117, an amount equal to 89%
of the $2,138,334 claim amount.

In September 2007, the Debtor filed an adversary complaint
against ATS captioned as Delphi Corporation et al. v. ATS
Automation Tooling Systems Inc., Adv. Proc. No. 07-02125 (Bankr.
S.D.N.Y.), alleging, among other things, that ATS received
transfers from the Debtor in the aggregate amount of $17.3
million within the 90 days or to the Petition Dates.  In February
2010, the Debtor objected to the Claims pursuant to the 44th
Omnibus Claims.  In April 2010, the U.S. Bankruptcy Court for the
Southern District of New York entered an order.

In April 2010, the Adversary Complaint was unsealed and served on
ATS.  The Bankruptcy Court dismissed the avoidance complaints,
including the Adversary Complaint, without prejudice to Delphi
moving for leave to amend those complaints.  In September 2010,
the Debtor filed a Motion For Leave To File Amended Complaints,
including the Adversary Proceeding.  By correspondence dated
August 25, 2010, Longacre's counsel notified ATS' counsel that
pursuant to the Assignment Agreement, the "Possible Impairment"
had not been fully resolved by August 9, 2010 nor was the
Possible Impairment likely to be fully resolved within a
reasonable time and thus the Plaintiffs were entitled to a refund
of the Purchase Price plus accruing interest.

In March 2011, the Debtor withdrew the 44th Omnibus Claims
Objection with respect to Claim Nos. 15669, 15670, and 16415,
which withdraws any reservation of the Debtor's right to object
under Section 502 (d) of the Bankruptcy Code to the Claim sold to
Longacre and explicitly confirms the allowance of the Claim.  In
March 2011, the Bankruptcy Court entered a Stipulated Order of
Dismissal with Prejudice in the Adversary Proceeding.

ATS has not remitted the refund payment demanded by Longacre
prior to the withdrawal of the 44th Omnibus Claims Objection and
dismissal of the Adversary Complaint, in the amount of
$2,265,929.  ATS has also not paid the amount demanded by
Longacre for $817,037.

The District Court held that an impairment of the Agreement would
occur if the Claim were in fact "offset, objected to, disallowed,
subordinated, in whole or in the case of any reason whatsoever,
pursuant to the Bankruptcy Court."  However, the 44th Omnibus
Claims Objection did not do any of those things, instead, it
preserved the Debtor's right to object pending conclusion of the
relevant Adversary Proceeding, the District Court opined.
Moreover, the Agreement affected a sale rather than a pure
assignment because, by its terms, while it transferred to
Longacre many rights the Claim, it also provided that ATS
retained rights in the Claim, the District Court continued.

Contrary to Longacres's allegation that ATS breached certain
representations and warranties as a result of the 44th Omnibus
Claims Objection or the Adversary Proceeding, the District Court
found that the representations and warranties were made as of
December 14, 2006, the date the Agreement was fully executed, and
do not purport to serve as a guarantee of the future.  The
District Court also deemed that since no impairment or breach
occurred on account of the 44th Omnibus Claims Objection,
Longacre's claim for indemnification for losses, damages and
liability is dismissed.

In conjunction, the District Court denied Longacre's cross-motion
for summary judgment.

A full-text copy of the District Court's decision dated July 20,
2011 is accessible for free at http://is.gd/EtIK4Yfrom
Leagle.com

                        About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- was a global supplier of electronics and
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On Oct. 6, 2009, Delphi Corp.'s Chapter 11 plan of reorganization
became effective.  A Master Disposition Agreement executed among
Delphi Corporation, Motors Liquidation Company, General Motors
Company, GM Components Holdings LLC, and DIP Holdco 3, LLC,
divides Delphi's business among three separate parties -- DPH
Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

Bankruptcy Creditors' Service, Inc., publishes Delphi Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings of Delphi
Corp. and its debtor-affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000


DOE MOUNTAIN: Sec. 341 Creditors' Meeting Set for Sept. 30
----------------------------------------------------------
The United States Trustee for Region 4 will hold a meeting of
creditors pursuant to 11 U.S.C. Sec. 341 in the bankruptcy cases
of Doe Mountain Investments, LLC, and Doe Mountain Development
Group, Inc., on September 30, 2011, at 10:45 p.m. in Spartanburg,
South Carolina.

Deadline to oppose dischargeability of certain debts is on
Nov. 29, 2011.  Deadline for filing proofs of claim or interest is
on Dec. 29, 2011.

This is the first meeting of creditors required under Section
341(a) of the 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.

The Debtors' representative must be present at the meeting to be
questioned under oath by the trustee and by creditors.  Creditors
are welcome to attend, but are not required to do so.  The meeting
may be continued and concluded at a later date without further
notice.

                       About Doe Mountain

Doe Mountain Investments LLC of Greenville, South Carolina, filed
for Chapter 11 bankruptcy (Bankr. D.S.C. Lead Case No. 11-05275)
on Aug. 24, 2011.  Randy A. Skinner, Esq., at Skinner Law Firm,
LLC, serves as the Debtors' counsel.  Doe Mountain Investments
estimated assets at $10 million to $50 million and debts at
$1 million to $10 million.

Doe Mountain Investments' affiliate, Doe Mountain Development
Group, Inc., filed separate Chapter 11 petitions on the same day.
Doe Mountain Development estimated assets at $1 million to
$10 million and debts at $10 million to $50 million.


DOE MOUNTAIN: Seeks to Employ Randy Skinner as Attorney
-------------------------------------------------------
Doe Mountain Investments, LLC, seeks authority from the United
States Bankruptcy Court for the District of South Carolina to
employ Randy A. Skinner, Esq., at Skinner Law Firm, LLC, in
Greenville, South Carolina -- main@skinnerlawfirm.com -- as its
attorney.

As counsel, Mr. Skinner will provide the Debtor legal advice with
respect to its powers and duties as a debtor-in-possession in the
continued operation of its business and management of its
property, and prepare necessary applications, answers, orders,
reports, pleading, a plan of reorganization and disclosure
statement.

The Debtor will employ Mr. Skinner on a general retainer and will
pay him based on his customary rate of $375 per hour for his
services and his paralegals at $150 per hour.  Mr. Skinner has
been paid a $25,000 retainer for services to be rendered pre- and
postpetition.  The $18,961 balance in the Retainer will be applied
to attorney's fees for postpetition services.

Mr. Skinner assures the Court that he is a disinterested person as
that term is defined in Section 101(14) of the Bankruptcy Code.

                       About Doe Mountain

Doe Mountain Investments LLC of Greenville, South Carolina, filed
for Chapter 11 bankruptcy (Bankr. D.S.C. Lead Case No. 11-05275)
on Aug. 24, 2011.  Randy A. Skinner, Esq., at Skinner Law Firm,
LLC, serves as the Debtors' counsel.  Doe Mountain Investments
estimated assets at $10 million to $50 million and debts at
$1 million to $10 million.

Doe Mountain Investments' affiliate, Doe Mountain Development
Group, Inc., filed separate Chapter 11 petitions on the same day.
Doe Mountain Development estimated assets at $1 million to
$10 million and debts at $10 million to $50 million.


DYNEGY INC: Moody's Sees 'Bumpy Road' for Dynegy, Creditors
-----------------------------------------------------------
Dynegy Holdings Inc.'s deeply speculative-grade ratings and
negative outlook reflect the extraordinarily high challenges
facing the company over the next 12 to 18 months, says Moody's
Investors Service in a special report on the company.

"The ratings reflect a high likelihood for default," said Moody's
Senior Vice President A.J. Sabatelle, author of the report, which
outlines broad strategies that Moody's believes the Dynegy board
and management will pursue in the wake of last month's corporate
reorganization and bank debt refinancing.

"While those actions lower near-term bankruptcy risk, default risk
remains high, and litigation risk is expected to increase," said
Sabatelle of Dynegy, which has a Caa3 corporate family rating, Ca
probability of default rating, and SGL-4 speculative-grade
liquidity rating.  "The new board and management team appear to be
pursuing a strategy that seeks to enhance shareholder value at the
expense of creditors."

The road ahead for Dynegy and its creditors "will be quite bumpy
with the direction and outcome of events over the next six to 12
months remaining highly uncertain," said Sabatelle.  "The company
will continue to struggle -- even if events such as the recent
credit facility restructuring provides a window of relief as
short-term liquidity-based default risk may have been reduced."

Moody's expects some form of a distressed exchange will occur at
Dynegy, and that a payment default will occur on its Roseton-
Danskammer lease.

The report highlights the uncertainty from a valuation perspective
of a Roseton-Danskammer lease payment default and outlines the
potential implications for DHI's senior unsecured creditors.

"Despite efforts to reduce indebtedness, total debt remains at an
unsustainably high level relative to sustainable cash flow
particularly for a capital-intensive commodity business," said
Sabatelle.  He said the options that appear likely to be pursued
by the current board and management contain substantial risks,
including continued litigation risk, over the next several years,
along with the continued prospect of one or more bankruptcy
filings within the Dynegy family.

"Despite the challenges, the lack of near-term pressure in terms
of maturing debt or another large funding obligation before 2015
gives some viability to the company's broad strategies," said
Sabatelle.

Like all unregulated power businesses, says the Moody's report,
the long-term viability of Dynegy and its subsidiaries will depend
primarily on a variety of macroeconomic factors, including the
demand for electricity, the price of natural gas and coal,
potential changes in environmental regulation, and other related
issues, most of which are largely beyond the control of
management.

The report, "Dynegy Facing a Bumpy Road," is available at
http://www.moodys.com/


EARLY GROUP: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: The Early Group, LLC
        440 Creekshire Drive
        Roswell, GA 30075

Bankruptcy Case No.: 11-75700

Chapter 11 Petition Date: September 2, 2011

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

Debtor's Counsel: Ashley Reynolds Ray, Esq.
                  SCROGGINS & WILLIAMSON
                  1500 Candler Building
                  127 Peachtree Street, NE
                  Atlanta, GA 30303
                  Tel: (404) 893-3880
                  Fax: (404) 893-3886
                  E-mail: aray@swlawfirm.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/ganb11-75700.pdf

The petition was signed by David L. Early, president.


ELEPHANT & CASTLE: Seeks to Hire Bellmark Partners as Advisor
-------------------------------------------------------------
Massachusetts Elephant & Castle Group, Inc., et al., seek
authority from the U.S. Bankruptcy Court for the District of
Massachusetts to employ Bellmark Partners LLC as financial
advisor.

A hearing was set by the Court for Aug. 31, 2011 with objections
due August 30, 2011 after the Debtors and the Committee of
Unsecured Creditors agreed to an extension of the Committee's
deadline to object to the Application.

The Debtors have agreed to pay BellMark a two-percent transaction
fee of a transaction's value up to and including $25 million; plus
three-percent of each incremental dollar between $25 million and
$30 million; plus 4% of each incremental dollar in excess of $30
million, subject to an overall minimum $350,000 transaction fee.

The Transaction Fee earned by BellMark will be withheld from the
proceeds of any Transaction, and if the withholding results in one
or more secured creditors not being paid in full from the sale
proceeds, the withholding will be deemed a carve out from the
collateral of the secured creditor.

GE Canada Equipment Financing G.P., in a subsequent filing, tells
the Court of its objection to the inclusion of the Transaction Fee
Carve Out, as the terms of a carve out for the fees of any
professionals retained by the Debtors or the Committee are more
appropriately addressed in the final cash collateral order, which
is still under discussion.

Prior to the Petition Date, GE CEF extended loans and other
financial accommodations to the Debtors and their affiliates
pursuant to a loan agreement and other agreements.  The
outstanding obligation of the Debtors to GE CEF is approximately
$21,345,000.  The Obligations are secured by first-priority liens
and security interests on substantially all of the Debtors'
property.

Accordingly, the proposed transaction fee carve out effectively
converts BellMark's administrative priority claim for a
Transaction Fee into a superpriority claim that would prime,
without the consent of GE CEF, the secured claim and Section
507(b) of the Bankruptcy Code superpriority adequate protection
claim of GE CEF, Charles J. Domestico, Esq., at Domestico Lane &
McNamara LLP, in Framingham, Massachussetts, explains.

"Not surprisingly, the Debtors cite no authority for any such non-
consensual priming and there is none," Mr. Domestico points out.

He notes that GE CEF is currently negotiating with the Debtors the
terms of a final cash collateral order that, among other things,
will address the amount and scope of an appropriate carve-out for
all professionals of the Debtors and the Committee, including
BellMark.

"At this juncture, no such agreement has been reached, and
consequently it is premature to seek approval of the Transaction
Fee Carve Out," Mr. Domestico asserts.

            About Massachusetts Elephant & Castle Group

Boston-based Massachusetts Elephant & Castle Group and its
affiliates operates 21 British-style restaurant pubs
in the U.S. and Canada.  The chain, with 10 locations in the U.S.,
generated revenue of $47.5 million in 2010, throwing off
$3.9 million of earnings before interest, taxes, depreciation,
amortization, and foreign exchange gains or losses.

Elephant & Castle filed for Chapter 11 protection (Bankr. D. Mass.
Lead Case No. 11-16155) on June 28, 2011.  Bankruptcy Judge Henry
J. Boroff presides over the case.  Repechage Investments'
estimated assets and debts at $10 million to $50 million.  Other
Debtors' estimated assets and debts at $0 to $10 million.

Eckert Seamans Chein & Mellott, LLC, represent the Debtors as
counsel and BellMark Partners, LLC as financial advisor.  Epiq
Bankruptcy Solutions, LLC as claims, noticing and balloting agent.

FTI Consulting, Inc., is the Official Committee of Unsecured
Creditors' financial advisors.  Goulston & Storrs, P.C., is the
Committee's counsel.

In a third interim order dated Aug. 24, 2011, the U.S. Bankruptcy
Court for the District of Massachusetts authorized Massachusetts
Elephant & Castle Group, Inc., et al., to use cash collateral from
Aug. 1, 2011, through the date which is the earliest to occur of
(a) an event of default or (b) the final hearing on the motion on
Aug. 31, 2011.


ELEPHANT & CASTLE: Committee Authorized to Tap FTI as Advisor
-------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Massachusetts Elephant & Castle Group has been authorized
by the U.S. Bankruptcy Court for the District of Massachusetts to
retain FTI Consulting, Inc., as its financial advisors as of July
18, 2011, pursuant to an order dated August 31, 2011.

FTI will seek payment for compensation on a fixed monthly basis of
$45,000 per month, plus reimbursement of actual and necessary
expenses incurred by FTI.

            About Massachusetts Elephant & Castle Group

Boston-based Massachusetts Elephant & Castle Group and its
affiliates operates 21 British-style restaurant pubs
in the U.S. and Canada.  The chain, with 10 locations in the U.S.,
generated revenue of $47.5 million in 2010, throwing off
$3.9 million of earnings before interest, taxes, depreciation,
amortization, and foreign exchange gains or losses.

Elephant & Castle filed for Chapter 11 protection (Bankr. D. Mass.
Lead Case No. 11-16155) on June 28, 2011.  Bankruptcy Judge Henry
J. Boroff presides over the case.  Repechage Investments'
estimated assets and debts at $10 million to $50 million.  Other
Debtors' estimated assets and debts at $0 to $10 million.

Eckert Seamans Chein & Mellott, LLC, represent the Debtors as
counsel and BellMark Partners, LLC as financial advisor.  Epiq
Bankruptcy Solutions, LLC as claims, noticing and balloting agent.

FTI Consulting, Inc., is the Official Committee of Unsecured
Creditors' financial advisors.  Goulston & Storrs, P.C., is the
Committee's counsel.


EXIDE TECHNOLOGIES: Wants Until Nov. 30 for Removal of FDEP Suit
----------------------------------------------------------------
Exide Technologies seeks entry of a court order extending to
November 30, 2011, its deadline for filing notices of removal
with respect to a lawsuit filed by the Florida Department of
Environmental Protection.

The case, presently styled State of Florida Dept. of Environ.
Protection v. Exide Technologies, Inc., Case No. 2009-CA-8357,
was filed in the Circuit Court of Orange County, in Florida.

Exide seeks the extension to further investigate the claims
asserted in the lawsuit and to determine whether removal of the
lawsuit is appropriate, according to its lawyer, James O'Neill,
Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware.

Mr. O'Neill says the company believes that the claims arose prior
to its bankruptcy filing, are enjoined or barred by prior court
orders, and are discharged pursuant to the order confirming its
Joint Plan of Reorganization.

                     About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

The Company filed for Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002.  Matthew N. Kleiman, Esq., and
Kirk A. Kennedy, Esq., at Kirkland & Ellis, and James E. O'Neill,
Esq., at Pachulski Stang Ziehl & Jones LLP represented the Debtors
in their successful restructuring.  The Court confirmed Exide's
Amended Joint Chapter 11 Plan on April 20, 2004.  The plan took
effect on May 5, 2004.  While it has emerged from Bankruptcy,
reorganized Exide is still resolving claims filed against it in
the Bankruptcy Court.

                           *     *     *

Reorganized Exide carries 'B' issuer credit ratings from Standard
& Poor's.  "The ratings on Exide Technologies reflect what we
consider to be the Company's aggressive financial risk profile,
which incorporates S&P's expectation that sales and profitability
will improve gradually as demand increases," said Standard &
Poor's credit analyst Nancy Messer.

Exide has 'B3' corporate family and probability of default ratings
from Moody's Investors Service.  In July 2008, Moody's upgraded
the rating to 'B3' from 'Caa1'.  Exide's B3 Corporate Family
Rating continues to incorporate the company's leveraged profile,
cyclical industry characteristics, and raw material pricing
pressure, Moody's said in January 2011.


EXIDE TECHNOLOGIES: Has Until Oct. 31 to Object to Claims
---------------------------------------------------------
Exide Technologies sought and obtained approval from the U.S.
Bankruptcy Court for the District of Delaware to further extend
its deadline for filing objections to claims to October 31, 2011.

The deadline for the company to file its objections expired on
July 31, 2011.

The proposed extension will give Exide enough time to review and
resolve the 48 remaining claims, according to James O'Neill,
Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware.

More than 6,100 proofs of claim aggregating $4.4 billion had been
filed against Exide.  These do not include about 1,100 proofs of
claim that were filed as unliquidated claims.

As of July 27, 2011, approximately 6,069 claims had been
resolved, reducing the total amount of outstanding claims by more
than $4.2 billion.  Exide has already completed 25 quarterly
distributions to creditors under its confirmed Joint Plan of
Reorganization, consisting of distributions on approximately
2,625 claims for about $1.74 billion.

Since July 28, 2010, Exide has reached a number of settlements,
has filed individual objections to claims, and has generally
made considerable advancements with respect to the remaining,
more complex claims, according to Mr. O'Neill.

                     About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

The Company filed for Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002.  Matthew N. Kleiman, Esq., and
Kirk A. Kennedy, Esq., at Kirkland & Ellis, and James E. O'Neill,
Esq., at Pachulski Stang Ziehl & Jones LLP represented the Debtors
in their successful restructuring.  The Court confirmed Exide's
Amended Joint Chapter 11 Plan on April 20, 2004.  The plan took
effect on May 5, 2004.  While it has emerged from Bankruptcy,
reorganized Exide is still resolving claims filed against it in
the Bankruptcy Court.

                           *     *     *

Reorganized Exide carries 'B' issuer credit ratings from Standard
& Poor's.  "The ratings on Exide Technologies reflect what we
consider to be the Company's aggressive financial risk profile,
which incorporates S&P's expectation that sales and profitability
will improve gradually as demand increases," said Standard &
Poor's credit analyst Nancy Messer.

Exide has 'B3' corporate family and probability of default ratings
from Moody's Investors Service.  In July 2008, Moody's upgraded
the rating to 'B3' from 'Caa1'.  Exide's B3 Corporate Family
Rating continues to incorporate the company's leveraged profile,
cyclical industry characteristics, and raw material pricing
pressure, Moody's said in January 2011.


EXIDE TECHNOLOGIES: Objects to Material Recovery's Claims
---------------------------------------------------------
Exide Technologies asks the Bankruptcy Court to reduce and allow
three claims filed by Material Recovery Enterprises PRP Group
against the Company.

Exide is asking the Court to reduce and allow Claim Nos. 2936,
3028 and 5537 as a general unsecured, non-priority Class P4-A
claim aggregating $195,075.  The allowed claim will be
distributed in stock in accordance with the Exide's restructuring
plan.

Material Recovery filed claims against Exide to recover between
$250,000 and $300,000 on account of the costs it allegedly
incurred in the remediation of a site in Ovalo, Texas.

The Court will hold a hearing on September 20, 2011, to consider
the proposed reduction and allowance of the claims.  The deadline
for filing objections is September 13, 2011.

                     About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.

The Company filed for Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002.  Matthew N. Kleiman, Esq., and
Kirk A. Kennedy, Esq., at Kirkland & Ellis, and James E. O'Neill,
Esq., at Pachulski Stang Ziehl & Jones LLP represented the Debtors
in their successful restructuring.  The Court confirmed Exide's
Amended Joint Chapter 11 Plan on April 20, 2004.  The plan took
effect on May 5, 2004.  While it has emerged from Bankruptcy,
reorganized Exide is still resolving claims filed against it in
the Bankruptcy Court.

                           *     *     *

Reorganized Exide carries 'B' issuer credit ratings from Standard
& Poor's.  "The ratings on Exide Technologies reflect what we
consider to be the Company's aggressive financial risk profile,
which incorporates S&P's expectation that sales and profitability
will improve gradually as demand increases," said Standard &
Poor's credit analyst Nancy Messer.

Exide has 'B3' corporate family and probability of default ratings
from Moody's Investors Service.  In July 2008, Moody's upgraded
the rating to 'B3' from 'Caa1'.  Exide's B3 Corporate Family
Rating continues to incorporate the company's leveraged profile,
cyclical industry characteristics, and raw material pricing
pressure, Moody's said in January 2011.


ENRON CORP: ECRC Files 27th Post-Confirmation Report
----------------------------------------------------
Enron Creditors Recovery Corp., f/k/a Enron Corp. and its
reorganized Debtor affiliates delivered to the U.S. Bankruptcy
Court for the Southern District of New York, on July 15, 2011,
their 27th Post-Confirmation Status Report.

A. Distributions

John S. Delnero, Esq., at K&L Gates LLP, in Chicago, Illinois,
relates that as of July 15, approximately $21,826,000,000 in
Cash, PGE Common Stock and PGE Common Stock equivalents (in the
form of cash) have been distributed to holders of Allowed Claims,
including $267,000,000 of interest, capital gains and dividends.
All Disputed Claims have been resolved and all reserves
previously held in the Disputed Claims Reserve, including
interest, dividends and gains have been released.  The Plan
Administrator distributed approximately $100 million to creditors
on May 2, 2011.

As of July 15, the General Unsecured Creditors of Enron have
received 52.7% return on allowed claim amounts compared to
original estimates in the Disclosure Statement of 17.4% and the
Creditors of Enron North America Corp have received 52.4%
compared to original estimates in the Disclosure Statement of
20.1%.  The combined rate of return for ENA Creditors who also
hold an Enron Guaranty claim is 94.8%, excluding gains, interest
and dividends.

There are a limited number of pending litigation and collection
matters and contingent liabilities that continue to affect the
timing of the closure of the Enron bankruptcy case, Mr. Delnero
says.

B. Claims Resolution Process

Over 25,000 proofs of claim were filed against the Debtors.  The
Reorganized Debtors and, prior to the Effective Date, the
Debtors, have worked diligently to review, reconcile, and resolve
these claims (whether through settlement or litigation).  In the
third quarter of 2008, all Disputed Claims were resolved.  Of the
over 25,000 proofs of claim filed, approximately 5,653 have been
ordered allowed and approximately 2,333 have been allowed as
filed.  The remaining filed claims have been expunged, withdrawn,
subordinated, or otherwise resolved.

C. Settlement and Recoveries

The Reorganized Debtors collected approximately $5 million since
the 26th Post-Confirmation Status Report.  These amounts were
primarily attributable to proceeds received from litigation
settlements and the return of other deposits belonging to the
Reorganized Debtors.

D. Other Activities

The Reorganized Debtors continue to oversee additional various
Enron activities including:

  a. Document Administration and Disposal.  The Reorganized
     Debtors have completed their document destruction efforts
     in accordance with numerous orders entered by the
     Bankruptcy Court and an order entered by the District Court
     for the Southern District of Texas.  As of January 1, 2010,
     all of the remaining 43,000 boxes eligible for destruction
     and all electronic storage devices have been destroyed.
     Approximately 2,600 boxes have been sent to long-term
     storage in accordance with regulatory requirements, and the
     Reorganized Debtors have created electronic tape media to
     store the Litigation Document Library.

  b. Dissolution of Corporate Entities.  There are three
     remaining entities, of which one is a Debtor and two
     are Post-Final Distribution Trusts.

  c. Tax Return Compliance.  For 2010, a federal return will be
     filed that includes two entities, one of which will be
     filed as final for the year.  There is also one foreign
     entity with a filing obligation in the federal tax return.
     There are less than five state tax returns remaining.

  d. Resolution of Outstanding Litigation.  Four adversary
     proceedings remain pending in the Bankruptcy Court.  Two of
     the remaining matters relate to the Lay litigation where
     the Reorganized Debtors have reached a tentative settlement
     and on June 17, 2011 filed a motion with the Bankruptcy
     Court seeking approval of that settlement.  On July 1,
     2011, however, John Hancock Life Insurance Company (U.S.A.)
     filed an objection to the settlement motion, which
     continues to be litigated by the parties. In addition, the
     Second Circuit Court of Appeals affirmed a prior decision
     of the United States District Court for the Southern
     District of New York which granted summary judgment in
     favor of the defendants in the commercial paper avoidance
     action in a split 2-1 decision.  The Reorganized Debtors
     have requested en banc review of that Second Circuit
     opinion.  Also in 2011 the District Court affirmed the
     Bankruptcy Court's denial of a motion filed by National
     City Bank which would have required the payment of certain
     monies in the approximate amount of $8.6 million to
     creditors holding the Allowed ETS Debenture Claim under an
     agreement which NCB purports to provide most favored
     nations status in particular circumstances which the
     Reorganized Debtors opposed.  NCB has appealed to the
     Second Circuit Court of Appeals.

  e. On January 13, 2011, Enron received a letter forwarding a
     Directive and Notice to Insurers from the New Jersey
     Department of Environmental Protection.  In the Directive,
     the NJDEP asserts that Garden State Paper Company, LLC and
     Enron North America Corp. are responsible parties for
     certain contamination alleged to exist at a site formerly
     occupied by the predecessor to Garden State Paper Company,
     LLC.  Enron is investigating the matters raised in the
     Directive and its defenses to any potential liability, and
     Enron's counsel responded to the Directive on January 14,
     2011, requesting the withdrawal of the Directive noting
     that the NJDEP was aware of the potential liabilities
     identified in the Directive prior to the claims bar date
     and as a result the NJDEP should have filed any proofs of
     claim by the claims bar date. On April 8, 2011, the NJDEP
     responded to correspondence from Enron's counsel regarding
     Enron's Spill Act liability stating "the Department has
     determined that Garden State Paper Company and Enron North
     America Corp. are not considered to be a responsible party
     for the Spill Act Directive. . . Garden State Paper Company
     and Enron North America Corp. are hereby removed from the
     Directive without prejudice."  Although Enron's alleged
     Spill Act liability was discharged in connection with its
     bankruptcy filings, NJDEP has taken the position that any
     obligations that Enron may have in connection with the site
     that arise from the Industrial Site Recovery Act would have
     survived the bankruptcy as they are nondischargeable.
     Enron is investigating this matter further in an attempt to
     identify what, if any, ISRA obligations exist.

  f. On March 8, 2011, Enron received a letter from the
     Department of the Army Corps of Engineers for the New
     Orleans District which, among other things: (i) purports to
     terminate Enron's right to construct, operate, and maintain
     certain conduits (containing fiber optic cables) on
     premises in St. Martin Parish, Louisiana and (ii) demands
     that Enron vacate and remove all property from the premises
     and restore the premises to its original condition.  Enron
     had previously informed the Corps that Enron no longer had
     any need for the premises.  Enron and its counsel have
     informed the Corps that they believe Enron's obligations,
     if any, were discharged in connection with the confirmation
     order and therefore Enron has no further obligations.

  g. The Reorganized Debtors continue to be sponsors of pre-
     petition benefit plans which are entitled to receive
     distributions from the settlement of certain class actions
     securities cases, Tittle, et al. v. Enron Corporation, et
     al. and Newby, et al. v. Enron Corporation, et al., related
     to the Enron estate.  The Reorganized Debtors are awaiting
     final distribution of certain class action settlements to
     the benefit plans, which is expected in 2011.  The
     Reorganized Debtors have an obligation to administer the
     plans and fund certain expenses in connection with the
     plans until a time as all settlement distributions have
     been received -- and once the events occur it will allow
     for the closure of the Enron Case.  The timing of the
     distribution of class action settlement monies to the
     benefit plans is uncertain and the Reorganized Debtors lack
     control over such distribution to such plans.  In 2008, the
     Reorganized Debtors filed suit against Hewitt Associates in
     the United States District Court for the Southern District
     of Texas, asserting that Hewitt incorrectly calculated
     certain distributions made to participants from settlement
     monies generated in connection with the above-referenced
     litigation.  The parties recently reached a settlement
     covering the Hewitt-related claims and sought court
     approval of the settlement, filing the settlement agreement
     under seal with the Southern District of Texas.  By order
     dated May 11, 2011, the District Court approved the
     settlement agreement and further entered an order
     dismissing the Hewitt-related claims.

  h. Moreover, the Reorganized Debtors continue to perform the
     necessary accounting, control and reporting work required
     to effect closure of the Case promptly.

The Plan Administrator and engaged professional firms (a) support
litigation, (b) handle accounting, tax, cash management and
reporting for the three (3) remaining entities, (c) calculate and
control creditor distributions, (d) perform claims management,
(e) complete disposition of remaining litigation (f) oversee
wind-up of employee matters and benefit plans, and (g) oversee IT
and corporate services providers and non-litigation matters.

                         About Enron Corp.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 01-16033) on Dec. 2, 2001,
following controversy over accounting procedures that caused its
stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP; Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on Nov. 17, 2004.  After approval of
the Plan, the new board of directors decided to change the name of
Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


ENRON CORP: Fifth Circuit Upholds Merrill Exec.'s Conviction
------------------------------------------------------------
A three-judge panel of the Fifth U.S. Circuit Court of Appeals on
August 12 upheld a lower court's decision convicting James A.
Brown, a former Merrill Lynch & Co. Inc. executive, on perjury
and obstruction of justice charges that stemmed from a bogus 1999
deal involving Enron Corp., the Associated Press reported.

Mr. Brown and two other former Merrill Lynch employees, Robert S.
Furst and Daniel Bayly, were previously convicted of conspiracy
and wire fraud and helping push through Enron's sham sale to
Merrill Lynch of three power barges moored off the Nigerian coast
in 1999, the report relates.  This made the earnings of Enron's
energy division appear larger, the report further relates.

Mr. Brown was a managing director at Merrill Lynch and head of
its strategic asset and lease finance group at the time of the
transaction.  Mr. Bayly was Merrill Lynch's former head of
investment banking and Mr. Furst was the firm's Enron
relationship manager.

The Fifth Circuit, according to the report, rejected Mr. Brown's
contention that federal prosecutors improperly withheld favorable
evidence in his case.  Mr. Brown's counsel, Sidney K. Powell,
Esq., at Sidney Powell, P.C., in Dallas, Texas --
sidneypowell@federalappeals.com -- told AP that she is going to
ask for a rehearing.

"We remain convinced the government failed to meet its disclosure
obligations," the AP quoted Ms. Powell.

AP notes that in his appeal, Mr. Brown argued that prosecutors
failed to provide to his lawyers before his trial the Federal
Bureau of Investigation's notes of an interview with Andrew
Fastow, Enron's former chief financial officer; notes of
congressional investigators' interview with Jeff McMahon, Enron's
former treasurer; and transcripts of pre-trial grand jury and
U.S. Securities and Exchange Commission testimony from Katherine
Zrike, chief counsel for Merrill Lynch's investment banking
division.

In its ruling, the three judges said evidence submitted by
Mr. Brown was not sufficient to convince them of a "substantial
probability of a different outcome" of his trial, AP related.
"There was considerable evidence of Brown's guilt," the appeals
judges said, according to AP.

Mr. Brown was initially convicted of five counts and sentenced to
four years in prison, but three of the counts -- conspiracy to
commit wire fraud and two counts of wire fraud -- were overturned
on appeal, the AP related.

                         About Enron Corp.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 01-16033) on Dec. 2, 2001,
following controversy over accounting procedures that caused its
stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP; Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on Nov. 17, 2004.  After approval of
the Plan, the new board of directors decided to change the name of
Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


ENRON CORP: Kenneth Lay Not Found Liable for $3.91-Mil. Deficiency
------------------------------------------------------------------
Judge Goeke of the U.S. Tax Court, on August 29, found former
Enron Corp. chief executive officer Kenneth Lay and his wife
Linda not liable for the $3.9 million deficiency determined by
the Commissioner of Internal Revenue in their 2001 federal income
tax.

The deficiency is based on the Commissioner's determination that
the Lays received income as a result of the sale of two annuity
contracts to Enron.  The Annuity Contracts were previously
disputed assets in Enron's quest to recover fraudulent transfers
from the Lays.  Enron subsequently agreed to split them with the
Lays.

The Lays purchased the Annuity Contracts from Manufacturers Life
Insurance Co. of North America and paid premiums aggregating $10
million.  In February 2001, Mr. Lay stepped down as CEO but
remained chairman of the Company's board of directors.  When,
Jeffery Skilling suddenly retired from his position as CEO of
Enron in August 2001, Mr. Lay, at the Board's prodding, agreed to
return as CEO.

The Court noted that Mr. Lay held a very large position in Enron
stock because of the long-term incentives earned over the years,
and he had a major requirement for liquidity.  The Court pointed
out that the subsequent sudden collapse of Enron was
unanticipated by the Compensation Committee during the
negotiations with Mr. Lay in August 2001.  The instruments that
Enron would normally use for retention, stock options and
restricted stock, both were problematic, the Court held.

First, because Mr. Lay was over age 55 and had served for more
than five years, if he voluntarily retired all of his restricted
stock would immediately vest.  Second, Enron's stock plan
documents limited the number of shares, options, or restricted
shares that could be granted in one year in accordance with a
shareholder-approved plan, and there was not time to hold a
shareholder meeting to approve a modification to the plan.
Accordingly, alternatives for retention were considered.  At the
request of the Compensation Committee, Towers Perrin prepared
alternatives for the Compensation Committee to offer to Mr. Lay
for consideration.  The alternatives prepared by Towers Perrin
were based on the two Annuity Contracts owned by Mr. Lay and Mrs.
Lay.

The alternatives proposed by Towers Perrin were: (1) to lend
funds to Mr. Lay with the Annuity Contracts as collateral; (2) to
purchase the Annuity Contracts for fair market value; or (3) to
purchase the Annuity Contracts for fair market value and then use
the Annuity Contracts as a retention device by awarding the
acquired contracts to Mr. Lay with a "cliff vesting" schedule.
The term "cliff vesting" means that the award vests in its
entirety at the end of the vesting period, rather than vesting
ratably over the vesting period.

The Compensation Committee considered the alternatives and chose
the third alternative to purchase the annuity contracts, both to
provide immediate liquidity to Mr. Lay and to use the annuity
contracts as a retention device by providing Mr. Lay with the
opportunity to have the annuity contracts transferred back to him
if he met certain contractually specified requirements and
subject to a cliff vesting schedule.  The Compensation Committee
rejected the first two options proposed by Towers Perrin because,
although they met Mr. Lay's requirement for liquidity, the
options did not provide a retention device as required by the
board of directors of Enron.  Towers Perrin proposed a 4.25-year
commitment from Mr. Lay.

The plan approved by the Compensation Committee had two distinct
elements.  First, as part of the package of inducements offered
to Mr. Lay in exchange for abandoning his plans to retire and
agreeing to reassume the responsibilities of CEO of Enron, Enron
agreed to purchase both of the annuity contracts from Mr. and
Mrs. Lay for $10 million.  Second, as a retention device, Enron
agreed that if Mr. Lay neither resigned without consent nor was
removed for certain specified reasons as chairman of the board
and CEO of Enron before the expiration of a 4.25-year term, it
would reconvey the annuity contracts to Mr. Lay upon completion
of his service commitment.

The Lays accepted the offer to sell their annuity contracts for
$5 million each, $10 million total, and Mr. Lay accepted the
offer to earn back the annuity contracts as a long-term incentive
award if he remained with Enron for the 4.25-year term.
Following Mr. Skilling's resignation, the board of directors of
Enron elected Mr. Lay to the position of CEO of Enron.

Enron transferred $10 million to the bank account of the Lays by
wire transfer on September 21, 2001, in exchange for the two
annuity contracts.

The Lays reported the annuities transaction on their 2001 tax
return on Schedule D, Capital Gains and Losses, as a sale of each
annuity contract for $5 million.  Mr. Lay and Mrs. Lay each had
an adjusted basis of $5 million in the annuity contract sold by
him or her to Enron pursuant to the agreement.  The Lays reported
zero gain or loss on the sale of the annuity contracts, on the
basis of a sale price of $5 million for and an adjusted basis of
$5 million in each of the annuity contracts sold to Enron
pursuant to the agreement.  Enron issued a Form W-2, Wage and Tax
Statement, to Mr. Lay for the 2001 calendar year to report the
compensation it paid him; that Form W-2 did not include in Mr.
Lay's compensation any part of the $10 million that Enron paid
for the annuity contracts.  However, in 2004 pursuant to an
agreement with the Internal Revenue Service (IRS), Enron issued
an amended Form W-2 to Mr. Lay for 2001 reporting the $10 million
as compensation.

On January 23, 2002, the board of directors requested that Mr.
Lay resign, and he resigned as chairman of the board of directors
and CEO of Enron with the consent of the board of directors in
February 2002.

When Enron filed for bankruptcy on December 2, 2001, it listed
the Annuity Contracts purchased from the Lays as assets on
Schedule B, Personal Property, of its Statement of Financial
Affairs.  The Official Committee of Unsecured Creditors of Enron
filed a complaint and an amended complaint in the bankruptcy
case, to avoid the annuities transaction.  The complaint, as
amended, has been consolidated with the remaining insolvency
proceedings in the bankruptcy case and remains pending.  On
July 15, 2004, Enron's fifth amended plan was confirmed in the
bankruptcy case.  Pursuant to the fifth amended plan, the Enron
Creditors Recovery Corporation was formed as the successor to
Enron.  John Hancock filed a motion to intervene and file its
interpleader complaint in the adversary proceeding on October 20,
2010, alleging that ownership of the annuity contracts is
disputed between Enron and Mrs. Lay and requesting that the
bankruptcy court determine the ownership of the annuity
contracts.

The Court notes that because the Internal Revenue Service took
the position that the Lays owned the annuity contracts after the
annuities transaction, in order to test the status of the
ownership of the annuities Mrs. Lay asked for a partial
withdrawal of $50,000 from the Linda P. Lay Annuity that she had
transferred previously to Enron, in a withdrawal request form
submitted to John Hancock on February 8, 2006.

In response to Mrs. Lay's request, John Hancock did not pay the
requested withdrawal and instead responded with a letter to Mrs.
Lay describing issues regarding the ownership of the Linda P. Lay
Annuity.  In its letter dated February 15, 2006, John Hancock
described the agreement, quoting portions regarding the transfer
to Enron and the reconveyance obligation, the change form
submitted to ManuLife, and the fact that Mr. Lay had ceased
serving as CEO and chairman, then concluding it was unable to
determine whether Mr. Lay or Mrs. Lay had an ownership interest.

On July 5, 2006, Mr. Lay suddenly died, making Mrs. Lay the
Independent Executrix of his estate.  The Form 706, United States
Estate Estate Tax Return, filed for Mr. Lay's estate listed the
claim against Enron for the annuity contracts as a claim on
Schedule C, Mortgages, Notes, and Cash, and listed the claim of
Enron for the annuity contracts on Schedule K, Debts of the
Decedent, as a contested claim. Neither of the annuity contracts
had been conveyed to Mrs. Lay, or to the Estate of Kenneth L.
Lay.

The Court relates that neither Mr. Lay nor Mrs. Lay ever received
any distributions from either ManuLife or John Hancock with
respect to either of the Annuity Contracts.  No death benefit has
been paid pursuant to the Annuity Contracts on account of Mr.
Lay's death.

The Court therefore concludes that when the Lays sold the Annuity
contracts to Enron on September 21, 2001, they complied with the
requirements of the agreement and took the steps required to
transfer the annuity contracts to Enron.  The benefits and risks
of ownership of the annuity contracts were transferred to Enron
in the annuities transaction.  The Lays, therefore, properly
reported the transaction on their Federal income tax return as a
sale of the two annuity contracts.

The Lays timely filed their joint Federal tax return for tax year
2001.  On April 2, 2009, the Commissioner issued a statutory
notice of deficiency to petitioners in which respondent
determined a deficiency in income tax for the year ended December
31, 2001, of $3,910,000.

A full-text copy of the Aug. 29 Memorandum from Leagle is
available for free at http://is.gd/Ea3SFc

                         About Enron Corp.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 01-16033) on Dec. 2, 2001,
following controversy over accounting procedures that caused its
stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP; Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on Nov. 17, 2004.  After approval of
the Plan, the new board of directors decided to change the name of
Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


EVERGREEN SOLAR: Committee Has Protocol to Comply With Sec. 1102
----------------------------------------------------------------
BankruptcyData.com reports that Evergreen Solar's official
committee of unsecured creditors filed with the U.S. Bankruptcy
Court a motion for an order establishing a protocol for compliance
with Section 1102(b)(3) of Title 11 of the United States Code and
to retain Garden City Group as communications services agent to
establish and maintain, subject to the terms of the protocols, the
committee Website to provide access to certain information to the
general unsecured creditors. S

Separately, the Company also filed a motion to retain UBS
Securities (Contact: Doug Lane) as investment banker and financial
advisor for a monthly advisory fee of $150,000 and a restructuring
fee of $4 million.

                      About Evergreen Solar

Evergreen Solar, Inc. -- http://www.evergreensolar.com/--
develops, manufactures and markets String Ribbon solar power
products using its proprietary, low-cost silicon wafer technology.
The Company's patented wafer manufacturing technology uses
significantly less polysilicon than conventional processes.
Evergreen Solar's products provide reliable and environmentally
clean electric power for residential and commercial applications
globally.

The Marlboro, Mass.-based Company filed for Chapter 11 bankruptcy
(Bankr. D. Del. Case No. 11-12590) on Aug. 15, 2011, before Judge
Mary F. Walrath.  The Company's balance sheet at April 2, 2011,
showed $373,972,000 in assets, $455,506,000 in total liabilities,
and a stockholders' deficit of $81,534,000.

Ronald J. Silverman, Esq., and Scott K. Seamon, Esq., at Bingham
McCutchen LLP, serve as general bankruptcy counsel to the Debtor.
Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski
Stang Ziehl & Jones LLP, serve as co-counsel.  Zolfo Cooper LLC is
the financial advisor.  Epiq Bankruptcy Solutions has been tapped
as claims agent.

In conjunction with the Chapter 11 filing, the Company entered
into a restructuring support agreement with certain holders of
more than 70% of the outstanding principal amount of the Company's
13% convertible senior secured notes.  As part of the bankruptcy
process the Company will undertake a marketing process and will
permit all parties to bid on its assets, as a whole or in groups
pursuant to 11 U.S.C. Sec. 363.  An entity formed by the
supporting noteholders, ES Purchaser, LLC, entered into an asset
purchase agreement with the Company to serve as a "stalking-horse"
and provide a "credit-bid" pursuant to the Bankruptcy Code for
assets being sold.

The supporting noteholders are represented by Michael S. Stainer,
Esq., and Natalie E. Levine, Esq., at Akin Gump Strauss Hauer &
Feld LLP, in New York.


EVERGREEN SOLAR: Gets Tentative Court OK for Auction Plan
---------------------------------------------------------
Lance Duroni at Bankruptcy Law360 reports that Evergreen Solar
Inc. won tentative bankruptcy court approval Tuesday for a plan to
auction off its assets, including a $30 million stalking horse
credit bid from secured lenders.

Law360 relates that U.S. Bankruptcy Judge Mary F. Walrath said she
would sign off on bidding procedures in connection with the
planned Nov. 1 auction, but only after Evergreen and the secured
bondholders backing the sale - owed $165 million overall -
incorporated language addressing the concerns of junior creditors.

                      About Evergreen Solar

Evergreen Solar, Inc. -- http://www.evergreensolar.com/--
develops, manufactures and markets String Ribbon solar power
products using its proprietary, low-cost silicon wafer technology.
The Company's patented wafer manufacturing technology uses
significantly less polysilicon than conventional processes.
Evergreen Solar's products provide reliable and environmentally
clean electric power for residential and commercial applications
globally.

The Marlboro, Mass.-based Company filed for Chapter 11 bankruptcy
(Bankr. D. Del. Case No. 11-12590) on Aug. 15, 2011, before Judge
Mary F. Walrath.  The Company's balance sheet at April 2, 2011,
showed $373,972,000 in assets, $455,506,000 in total liabilities,
and a stockholders' deficit of $81,534,000.

Ronald J. Silverman, Esq., and Scott K. Seamon, Esq., at Bingham
McCutchen LLP, serve as general bankruptcy counsel to the Debtor.
Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski
Stang Ziehl & Jones LLP, serve as co-counsel.  Zolfo Cooper LLC is
the financial advisor.  Epiq Bankruptcy Solutions has been tapped
as claims agent.

In conjunction with the Chapter 11 filing, the Company entered
into a restructuring support agreement with certain holders of
more than 70% of the outstanding principal amount of the Company's
13% convertible senior secured notes.  As part of the bankruptcy
process the Company will undertake a marketing process and will
permit all parties to bid on its assets, as a whole or in groups
pursuant to 11 U.S.C. Sec. 363.  An entity formed by the
supporting noteholders, ES Purchaser, LLC, entered into an asset
purchase agreement with the Company to serve as a "stalking-horse"
and provide a "credit-bid" pursuant to the Bankruptcy Code for
assets being sold.

The supporting noteholders are represented by Michael S. Stainer,
Esq., and Natalie E. Levine, Esq., at Akin Gump Strauss Hauer &
Feld LLP, in New York.


EVERGREEN SOLAR: Creditors Pin Hopes on Chinese Joint Venture
-------------------------------------------------------------
Dow Jones' DBR Small Cap reports that Evergreen Solar Inc.'s
unsecured creditors have their eye on the Chinese joint-venture
that absorbed the bulk of the company's manufacturing business as
they look for a way to get paid in Chapter 11.

                      About Evergreen Solar

Evergreen Solar, Inc. -- http://www.evergreensolar.com/--
develops, manufactures and markets String Ribbon solar power
products using its proprietary, low-cost silicon wafer technology.
The Company's patented wafer manufacturing technology uses
significantly less polysilicon than conventional processes.
Evergreen Solar's products provide reliable and environmentally
clean electric power for residential and commercial applications
globally.

The Marlboro, Mass.-based Company filed for Chapter 11 bankruptcy
(Bankr. D. Del. Case No. 11-12590) on Aug. 15, 2011, before Judge
Mary F. Walrath.  The Company's balance sheet at April 2, 2011,
showed $373,972,000 in assets, $455,506,000 in total liabilities,
and a stockholders' deficit of $81,534,000.

Ronald J. Silverman, Esq., and Scott K. Seamon, Esq., at Bingham
McCutchen LLP, serve as general bankruptcy counsel to the Debtor.
Laura Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachulski
Stang Ziehl & Jones LLP, serve as co-counsel.  Zolfo Cooper LLC is
the financial advisor.  Epiq Bankruptcy Solutions has been tapped
as claims agent.

In conjunction with the Chapter 11 filing, the Company entered
into a restructuring support agreement with certain holders of
more than 70% of the outstanding principal amount of the Company's
13% convertible senior secured notes.  As part of the bankruptcy
process the Company will undertake a marketing process and will
permit all parties to bid on its assets, as a whole or in groups
pursuant to 11 U.S.C. Sec. 363.  An entity formed by the
supporting noteholders, ES Purchaser, LLC, entered into an asset
purchase agreement with the Company to serve as a "stalking-horse"
and provide a "credit-bid" pursuant to the Bankruptcy Code for
assets being sold.

The supporting noteholders are represented by Michael S. Stainer,
Esq., and Natalie E. Levine, Esq., at Akin Gump Strauss Hauer &
Feld LLP, in New York.


FURNITURE DEALS: Commences Court-Ordered Liquidation Sale
---------------------------------------------------------
Furniture Today, citing Channel3000.com, the online home for WISC-
TV, reports that customers were able to redeem merchandise they'd
ordered after the seven-store Furniture Deals and Steals reopened
for a court-ordered liquidation sale to pay back creditors.

Furniture Today relates that a manager involved in the sale said
consumers were either able to get the furniture they ordered,
reselect, or get a charge-back on their credit cards.  "There were
definitely upset people, but they are really happy now," the
manager was quoted as saying.

A third-party company is running the liquidation, Furniture Today
says.

Furniture Deals & Steals abruptly closed six stores across
Wisconsin - including one in West Salem - in early July.
lacrossetribune.com disclosed that the state's Bureau of Consumer
Protection has since received 119 complaints from consumers
indicating losses of more than $68,000.  Most complaints allege
customers made down payments on furniture they haven't received.

The Fort Atkinson, Wis., based company entered voluntary
receivership in July claiming cash holdings of less than $3,000
and inventory of unknown value against debts of more than
$2.5 million, according to court documents, lacrossetribune.com
said.


GATEWAY METRO: Case Summary & 18 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Gateway Metro Center, LLC
          aka Pacific Star Pasadena, LLC
        3452 E. Foothill Boulevard, Suite 1170A
        Pasadena, CA 91107

Bankruptcy Case No.: 11-47919

Chapter 11 Petition Date: September 6, 2011

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

Judge: Barry Russell

Debtor's Counsel: Lorie A. Ball, Esq.
                  PEITZMAN WEG & KEMPINSKY LLP
                  2029 Century Park E., Suite 3100
                  Los Angeles, CA 90067
                  Tel: (310) 712-0053
                  Fax: (310) 552-3101
                  E-mail: lball@pwkllp.com

Scheduled Assets: $32,570,485

Scheduled Debts: $22,338,135

The petition was signed by John F. Pipia, president.

Debtor's List of 18 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
City of Pasadena                   Electricity             $27,187
P.O. Box 7120
Pasadena, CA 91109

Sedgwick Claims Management         Tenant Security         $10,833
110 Ridgeway Loop Road, Suite #200 Deposit
Memphis, TN 38120

Fanta-Z Holdings, LLC              Security Deposit         $8,087
3488 Barhite Street
Pasadena, CA 91107

Environmental Control Puente Hills Janitorial Services      $7,623
Inc. - 411

Help-U-Sell Vantage Realty          Leasing Commission       $6,516

SP Plus Security Services          Security Company         $3,470

Modern Parking                     Parking Company          $2,861

Setpoint Systems                   HVAC                     $2,392

EJR Door Division                  Door Company             $1,030

City of Pasadena                   Water                      $900

United Imaging                     Supplies                   $268

Amtech Elevator                    Elevator Maintenance       $225

The Gas Company                    Gas                        $211

Z-Products Inc.                    Signage                    $200

Site Stuff, Inc.                   Janitorial Supplies        $199

Downtown Locksmiths                Locksmith                   $65

AT&T                               Elevator Telephone          $45
                                   Lines

Creative Energy Design             Architecture                $32


GENBAND HOLDINGS: S&P Withdraws 'B' Corporate Credit Rating
-----------------------------------------------------------
Standard & Poor's Rating Services withdrew its 'B' corporate
credit rating on Plano, Texas-based Internet protocol (IP) network
solutions provider GENBAND Holdings Co. (f/k/a GENBAND Inc.) at
the company's request.


GENERAL GROWTH: 30 Low-End Malls to Be Named Rouse in Spinoff
-------------------------------------------------------------
Kris Hudson of The Wall Street Journal reported that General
Growth Properties, Inc. ("New GGP") chose a perplexing name for
its planned spin-off of 30 low quality malls: Rouse Properties
Inc.

According to the report, the name is a derivative of Rouse Co.,
the high-end mall owner that GGP bought in 2004 for $7.2 billion.
However, the Rouse Properties will include only two malls from
the original Rouse Co., namely Southland Center Mall in Taylor,
Michigan, and Collin Creek Mall in Plano, Texas, the Journal
stated.

This prompted Citigroup Inc. analyst Michael Bilerman to ask
during the mall owner's second quarter earnings conference call
whether the Company chose the name in a bid to sprinkle some
high-end cachet on the spinoff's laggard properties, the Journal
related.  To which GGP Chief Executive Officer Steve Douglas
responded, "I've got no comment.  As good a name as any," the
Journal quoted the CEO as saying.

"The name is part of General Growth's history and synonymous with
creativity and innovation that has helped define the retail
landscape we know today.  The very principles the Rouse Co. was
founded on will endure in this organization," according to a
statement from Executive Vice President Michael McNaughton, who
will serve as the Rouse Properties' operations chief, delivered
during the conference call, the Journal added.

                      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 Dec. 31, 2008.

General Growth Properties on Nov. 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 Nov. 1, 2010, received
common stock in both companies.  The new GGP, which will commence
trading Nov. 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: Oakwood Suit Remanded to State Court
----------------------------------------------------
Judge Stanwood R. Duval, Jr., of the U.S. District Court for
Eastern District of Louisiana remanded Oakwood Shopping Center,
Limited Partnership v. Villa Enterprises of Midwest, Inc. d/b/a
Luciana Pizzeria, d/b/a Villa Fresh Italian Kitchen, Section "K."
to the 24th Judicial District Court for the Parish of Jefferson,
Louisiana.

Oakwood filed a "Rule to Evict Tenant" in the 24th Judicial
District Court seeking an order that Villa Enterprises must
"vacate Space No. 1710 at the Oakwood Shopping Center and deliver
possession thereof to Oakwood Shopping Center, reserving to
Oakwood its right to file lawsuit against Villa Pizza to recover
all past due rent and all rent that accrues through a judgment of
eviction."

Prior to filing the Rule to Evict, Oakwood filed a voluntary
petition for bankruptcy relief under Chapter 11 in the United
States Bankruptcy Court for the Southern District of New York.

Pursuant to Section 1452 of Title 28 of the U.S. Code, Villa
Fresh timely removed the Rule to Evict to the District Court
alleging federal bankruptcy jurisdiction pursuant to Section 1334
of Title 28 of the U.S. Code.  Oakwood filed a motion seeking
remand of lawsuit contending that because the eviction proceeding
is not a core bankruptcy proceeding and does not "relate to" the
bankruptcy, there is no subject matter jurisdiction over the
claim.

Judge Duval held that state law issues not only predominate in
this matter, they are the sole issues in dispute.  The federal
judge acknowledged that even though the District Court is
knowledgeable of Louisiana law and capable of deciding issues of
state law, the state court is better able to address the issues
raised herein and has more experience in lawsuits involving
evictions under Louisiana law.

Judge Duval further stated that the Louisiana Code of Civil
Procedure provides the state court with a streamlined process for
eviction proceedings.  Judge Duval said arguably the federal
court could fashion an expedited process for the eviction
proceeding, but no purpose is served in an expenditure of
resources when the state court already has a well established
streamlined process.  Moreover, remand of this matter would
eliminate any potential prejudice to Oakwood flowing from the
inability to utilize Louisiana's streamlined procedures and
remand would not prejudice Villa Fresh, Judge Duval held.
There is also no indication that upon remand the state court will
be unable to resolve plaintiff's claims on a timely basis, the
federal judge concluded.

Although Section 1447(c) of Title 28 of the U.S. Code permits a
court remanding a case to "require payment of "just costs and any
actual expenses, including attorneys fees, incurred as a result
of the removal" because federal jurisdiction over plaintiff's
claims existed, the District Court declines to order the payment
of those costs and expenses.

A full-text copy of the August 3, 2011 order is accessible for
free at http://is.gd/slSflI

                      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 Dec. 31, 2008.

General Growth Properties on Nov. 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 Nov. 1, 2010, received
common stock in both companies.  The new GGP, which will commence
trading Nov. 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)


GROGAN ASSOCIATES: Down to 7 Employees, Gives Up Office Space
-------------------------------------------------------------
David Boraks at DavidsonNews.net notes that, in July, Grogan
Associates filed for protection from its creditors under Chapter
11 of the federal bankruptcy law.

"Most of this has been driven by our clients.  They have really
cut back on the amount of work that they're talking about doing,"
the report quotes owner Tom Grogan as saying.  "We had such a good
year last year that we were thought things were turning around.
But then...," he added.

As of July 7, Grogan had assets of between $500,000 and $1 million
and debts of more than $1 million.

The report says the Company had to give up its prime office space
in Main Street, which it leased from Stowe's Corner developer
David Stewart.  The firm now has shrunk to just 5 full-time and
two contract employees, working primarily out of Mr. Grogan's
home, off Shearer Road.

Mr. Grogan said the firm still has work, and it has proposals out
to new clients.  "Our intention is to bring this back again, and
build the company back up. We'll just have to see if the economy
cooperates with us," he said.

Based on Davidson, North Carolina, Grogan Associates Inc. filed
for Chapter 11 Bankruptcy Protection on July 7, 2011 (Bankr. W.D.
N.C. Case No.11-31775).  Judge George R. Hodges presides over the
case.  Travis W. Moon, Esq., at Moon Wright & Houston, PLLC,
represents the Debtor.  The Debtor estimated assets of between
$500,000 and $1 million, and $1 million and $10 million.


GUIDED THERAPEUTICS: Inks Agreement & Release With Maloof, et al.
-----------------------------------------------------------------
In October 2010, Guided Therapeutics, Inc., received a letter from
an attorney representing Dolores M. Maloof and James E.
Funderburke, each of whom are stockholders of the Company,
asserting, among other things, that an August 2005 Warrant
Agreement entered into by the Company and the Claimants  had been
modified by a subsequent agreement with the Company. While the
Company disputed the Claimants' assertion that an agreement
modifying the 2005 Agreement had been reached, the Company
determined to negotiate with the Claimants with the goal of
terminating the 2005 Agreement and the rights granted thereunder
to the Claimants.  The 2005 Agreement, among other terms, provided
for the Company to pay to the Claimants 7.5% of all net proceeds
from any license or sale of the Company's cervical cancer
detection technology, without limitation.

Upon completion of negotiations between the Company and the
Claimants, the parties entered into an Agreement and Release, on
Aug. 30, 2011, by which the Claimants agreed to terminate all of
their rights under the 2005 Agreement and release all claims.
Accordingly, under the Agreement, the 2005 Agreement and all
rights of the Claimants thereunder, including the right to receive
7.5% of proceeds from the sale or license of the Company's
cervical cancer technology, were canceled.  In exchange, the
Company agreed to issue warrants to the Claimants to purchase an
aggregate of 2.6 million shares of the Company's common stock at
an exercise price of $0.01 per share, to pay certain royalties
related to the sale of disposables in conjunction with the
Company's cervical cancer detection technology and to make certain
additional payments related to non-ordinary course asset sales or
a sale of the Company by merger, with such royalties and related
payments subject to certain "caps" limiting their amounts.

The Warrants are required to be issued on or before Sept. 13,
2012, will be immediately exercisable and will expire on March 1,
2013.  The shares underlying the Warrants are subject to a
Registration Rights Agreement, dated Aug. 30, 2011, by and among
the Company and the Claimants, which obligates the Company, within
60 days, to register the shares issuable upon exercise of the
Warrants for resale by the Claimants under the Securities Act of
1933, as amended.  The royalties payable pursuant to the Agreement
by the Company to the Claimants consist of a two percent royalty
on gross revenues generated from the sale of disposables (only)
used in conjunction with the Company's cervical cancer detection
technology.  The cumulative royalty payable is capped at $7.2
million, and may not, together with the additional payments due in
conjunction with certain non-ordinary course disposition of assets
or a merger of the Company, exceed $12 million.  The royalties are
payable until the earlier of the sale of the Company by merger and
the sale or exclusive license of all or substantially all of the
Company's cervical cancer detection technology.  The Agreement
further provides that, in the event of one or more non-ordinary
course asset sales by the Company, or a sale of the Company by
merger, the Claimants will be entitled to an aggregate of three
percent of the proceeds therefrom, provided that the aggregate
payment due under this provision is capped at the lesser of $9.5
million and the amount by which $12.0 million exceeds the
cumulative amount of all payments previously paid to the Claimants
in royalties or by reason of prior non-ordinary course asset
sales.

The Warrants will be issued, and all payments under the Agreement
will be distributed, 70% to Mrs. Maloof and 30% to Mr.
Funderburke.

Finally, the parties to the Agreement released each other from any
and all claims they may have, other than claims to enforce the
Agreement.

Immediately prior to the issuance of the Warrants, Mrs. Maloof
beneficially owned 222,500 shares of the Company's common stock
and immediately exercisable warrants to purchase an additional
4,227,186 shares at $0.65 per share.  Assuming full exercise of
those warrants, as well as full exercise of the Warrants to be
issued to her, Mrs. Maloof would beneficially own approximately
11.50% of the Company's outstanding common stock.

Immediately prior to the issuance of the Warrants, Mr. Funderburke
beneficially owned 16,414 shares of the Company's common stock and
immediately exercisable warrants to purchase an additional 350,637
shares at $0.65 per share.  Assuming full exercise of those
warrants, as well as full exercise of the Warrants to be issued to
him, Mr. Funderburke would beneficially own approximately 2.31% of
the Company's outstanding common stock.

                     About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

The Company's balance sheet at June 30, 2011, showed $3.31 million
in total assets, $2.91 million in total liabilities, and $410,000
in stockholders' equity.

The Company reported a net loss of $2.84 million on $3.36 million
of contract and grant revenue for the year ended Dec. 31, 2010,
compared with a net loss of $6.21 million on $1.55 million of
contract and grant revenue during the prior year.

As reported by the TCR on April 4, 2011, UHY LLP, in Atlanta,
Georgia, noted that the Company's recurring losses from
operations, accumulated deficit and lack of working capital raise
substantial doubt about its ability to continue as a going
concern.


HELLER EHRMAN: Sues Wham-O for $2.3 Million in Legal Fees
---------------------------------------------------------
Ben James at Bankruptcy Law360 reports that Heller Ehrman LLP
filed suit in California on Thursday claiming that Wham-O Inc.
breached a 2007 agreement by failing to cough up nearly
$2.3 million in legal fees.

In addition to seeking the allegedly unpaid fees, Thursday's
complaint asked the bankruptcy court to disallow a claim Wham-O
filed in the Heller Ehrman's Chapter 11 case in 2009, alleging
that the firm committed malpractice by withdrawing as counsel in
pending litigation, Law360 relates.

                  About Heller Ehrman

Headquartered in San Francisco, California, Heller Ehrman, LLP
-- http://www.hewm.com/-- was an international law firm of more
than 730 attorneys in 15 offices in the United States, Europe, and
Asia.  Heller Ehrman filed a voluntary Chapter 11 petition (Bankr.
N.D. Calif., Case No. 08-32514) on Dec. 28, 2008.  Members of the
firm's dissolution committee led by Peter J. Benvenutti approved a
plan dated Sept. 26, 2008, to dissolve the firm.  The Hon. Dennis
Montali presides over the case.  Pachulski Stang Ziehl & Jones LLP
assisted the Debtor in its restructuring effort.  The Official
Committee of Unsecured Creditors is represented by Felderstein
Fitzgerald Willoughby & Pascuzzi LLP.  The firm estimated assets
and debts at $50 million to $100 million as of the Petition Date.
According to reports, the firm had roughly $63 million in assets
and 54 employees at the time of its filing.  The Court confirmed
Heller Ehrman's Plan of Liquidation in September 2010.


JEFFERSON, AL: Seeks State Aid for Budget Shortfall
---------------------------------------------------
American Bankruptcy Institute reports that Jefferson County, Ala.,
will ask the state to help close a shortfall in its general fund
budget for the upcoming fiscal year, as it also wrestles with the
possibility of filing for bankruptcy over $3.1 billion in sewer
debt.

                      About Jefferson County

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

Jefferson County is trying to restructure $3.14 billion in sewer
debt.  A bankruptcy by Jefferson County stands to be the largest
municipal bankruptcy in U.S. history.  It could beat the record of
$1.7 billion set by Orange County, California in 1994.

In September 2010, Alabama Circuit Court Judge Albert Johnson
named John S. Young Jr. LLC as receiver for the sewer system.

Jefferson County has retained Kenneth Klee, Esq., at Klee Tuchin
Bogdanoff & Stern LLP to represent the county in the event of
bankruptcy.  Mr. Klee is considered to be a municipal-bankruptcy
expert, having handled Orange County, Calif.'s bankruptcy case in
1994.

A Chapter 9 filing Jefferson County would be the largest in U.S.
municipal history.


KERNER OPTICAL: Shuts Down After Chapter 11 Plan Failed
-------------------------------------------------------
David S. Cohen at Variety reports that Kerner Optical, the San
Rafael, Calif.-based models and miniatures shop that began life as
the original Industrial Light & Magic, shuttered after its Chapter
11 bankruptcy reorganization plan failed.

According to the report, The ILM models and miniatures unit
ushered in the modern era of effects-driven tentpoles. It grew
from the team assembled for the original "Star Wars" and moved
with George Lucas to the Bay Area.  But digital effects came to
dominate the industry, and by the middle of the last decade there
wasn't enough work for the models and miniatures unit from ILM
alone to keep it afloat.

Variety says Lucasfilm sold it to model maker Mark Anderson in
2006, freeing it to work with other vfx companies.  But CEO Eric
Edmeades, who acquired a controlling interest in 2009, said Kerner
Optical had lost around a million dollars a year since it was spun
off.

Mr. Edmeades, according to Variety, told employees last week in an
email that with the support of ILM, which had remained Kerner
Optical's biggest customer, management had tried to reorganize
under Chapter 11 earlier this year.

The report notes, however, one creditor objected to the reorg plan
and leveled allegations of mismanagement.  That was enough to
force ILM to award a contract to New Deal Studios instead of
Kerner for the first time.  That sunk the plan.

The report relates that Kerner's other companies remain open for
business, Mr. Edmeades told Variety.  Its Kernercam 3D camera rig
business will be hurt, as the sfx division was a client, but will
continue.  Kerner Pictures, the production division that hoped to
create a slate of 3D films, is alive but will also be hurt by the
closing of the f/x division.

The Kernerworks "skunk works" company, which makes a realistic
training dummy for trauma training, will also remain open.

Mr. Edmeades also said Kerner's research and development division
continues to undertake work for military and intelligence
contractors.

Based in San Rafael, California, Kerner Optical LLC is a contract
provider of movie special effects for Lucas films, commercial film
makers and event producers.  The Company filed for Chapter 11
bankruptcy protection (Bankr. N.D. Calif. Case No. 11-10413) on
Feb. 4, 2011.  Judge Alan Jaroslovsky presides over the case.
David N. Chandler, Esq., at Law Offices of David N. Chandler,
represents the Debtor.  The Debtor disclosed $798,964 in assets,
and $4,315,208 in debts in its schedules.


LEHMAN BROTHERS: Court Approves Revisions to Plan Disclosures
-------------------------------------------------------------
Judge James Peck of the U.S. Bankruptcy Court for the Southern
District of New York issued an order approving changes to the
disclosure statement describing the Chapter 11 plan of Lehman
Brothers Holdings Inc. and its affiliated debtors.

LBHI revised the disclosure statement in light of the settlement
it entered into with Lehman Brothers Treasury Co. B.V.'s trustees
and with its affiliates in Singapore late last month.

The settlement with the trustees calls for the allowance of
certain claims of LBT including an allowed "senior affiliate"
claim in the sum of $34.548 billion against LBHI in Class 4A.  It
also provides for the allowance of claims of Lehman Brothers
Special Financing Inc. and Lehman Brothers Commodities Services
Inc. against LBT.

The agreement with Lehman's affiliates in Singapore calls for the
allowance of claims asserted by the Singapore-based affiliates
against certain Lehman units and the U.S.-based entities which
are under their control.  The Singapore-based affiliates agreed
under the deal to support and vote in favor of the proposed plan.

Both settlement agreements are incorporated in the proposed
liquidation plan which, if confirmed by the Bankruptcy Court,
would enable the Lehman units to pay an estimated $65 billion to
their creditors.

LBHI also added a new provision clarifying that the disclosure
statement and the proposed plan do not affect the validity or
classification of the claims in the sum of $19 billion filed by
Fannie Mae against the company.  They do not also affect the
right of Fannie Mae to assert that some portions of its claims
must be treated as priority claims based on the rights, powers
and privileges of the Federal Housing Finance Agency, in its
capacity as Fannie Mae's conservator.

Meanwhile, the revised Disclosure Statement provides that the
committee overseeing the fees and expenses of Lehman
professionals will continue to exist after the effective date of
the plan.  Lehman will pay the fees and expenses of the
independent member and counsel retained by the committee,
according to the revised disclosure statement.

Full-text copies of the revised disclosure statement and the
Chapter 11 plan are available without charge at:

  http://bankrupt.com/misc/LBHI_RevisedDS&3rdAmendedPlan.pdf

Earlier, Judge Peck approved the disclosure statement which gave
the Lehman units the go-signal to start soliciting votes on the
proposed plan from creditors.  They need to obtain a majority of
votes accepting the proposed plan and a court order confirming
the plan to finally emerge from bankruptcy protection.

The bankruptcy judge is set to hold a hearing on December 6,
2011, to consider confirmation of the plan.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Debtor, Committee Wants JPM Claims Reduced
-----------------------------------------------------------
Lehman Brothers Holdings Inc. and the Official Committee of
Unsecured Creditors object to JPMorgan Chase Bank N.A.'s claims,
saying they are "significantly overstated."

JPMorgan filed claims against LBHI and its brokerage in
connection with the bank's role as triparty repo custodian during
the week of September 15, 2008, when the company filed for
bankruptcy protection and was negotiating a sale of the brokerage
to Barclays Plc.

The claims stemmed from the alleged $6.3 billion deficiency
following the sale of collateral pledged by the brokerage to
secure its debt related to JPMorgan's role as repo custodian.

Joseph Pizzurro, Esq., at Curtis Mallet-Prevost Colt & Mosle LLP,
in New York, contended that the claims should be reduced,
pointing out that JPMorgan did not dispose of the collateral in a
commercially reasonable manner.

The Lehman lawyer also argued that the losses incurred by
JPMorgan are due to Barclay's misconduct and that its dispute
with the U.K. bank had already been settled.

"LBHI should not have to pay for losses caused by Barclays for
which JPMorgan has already settled and received compensation,"
Mr. Pizzurro said.  He further argued that JPMorgan is not
entitled to interest.

The specific transactions regarding the disposition of the
collateral were not spelled out in the objection because of
JPMorgan's request for confidentiality.  Much of the objection
was redacted because of "commercially sensitive information."

In another filing, LBHI and the Creditors Committee sought court
approval to file an unredacted version of the objection, arguing
that the information concerns transactions that were made three
years ago and is not sensitive.

JPMorgan and LBHI are also involved in a court battle over a loan
which the latter provided to the company.  The company sued
JPMorgan early last year to recover billions of dollars that it
allegedly seized as collateral.

JPMorgan, which served as the company's main clearing bank in the
2008 financial crisis, allegedly threatened to discontinue its
services unless the company posted excessive collateral.

Judge James Peck will hold a hearing on October 19, 2011, to
consider the objection.  The deadline for filing responses is
October 12, 2011.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Has Settlement With Superior Pipeline
------------------------------------------------------
Lehman Commercial Paper Inc. asks Judge Peck to approve a deal it
entered into with Superior Pipelines Inc. and four other
companies to settle a lawsuit pending in a California bankruptcy
court.

The four other companies are LBREP/L-SunCal McAllister Ranch LLC,
Fidelity National Title Insurance Company, First American Title
Insurance Company and McAllister Ranch Irrigation District.

Under the deal, Superior Pipelines will receive a payment of
$1.8 million from Fidelity, First American and MRID in exchange
for its consent to the dismissal of the lawsuit and the
assignment of its claims and secured interests to the insurance
companies.

The settlement must also be approved by the California bankruptcy
court, which oversees the McAllister's Chapter 11 case.  The case
is jointly administered with the bankruptcy cases of other SunCal
entities.

The deal is formalized in a 13-page agreement, a copy of which is
available at http://bankrupt.com/misc/LBHI_SettlementSuperior.pdf

Superior Pipelines filed the lawsuit to recover approximately
$7.4 million in damages.  The lawsuit also seeks determination
that the liens asserted by Superior Pipelines against the real
estate development project known as "McAllister Ranch" and some
personal property of McAllister are senior to the other interests
asserted in those properties.

New York-based Weil Gotshal & Manges LLP will present the
proposed agreement to Judge James Peck for signature on
September 9, 2011.  The deadline for filing objections is
September 8, 2011.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Court OKs Fraser Asset Management Deal
-------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors sought
and obtained court approval of an agreement with WCAS/Fraser
Sullivan Investment Management LLC to manage their portfolio of
commercial loans.

The deal was hammered out in light of LBHI's plan to monetize the
portfolio by executing collateralized loan obligations (CLOs)
transactions and by selling their commercial loans to CLO
issuers.

As of July 15, 2011, the company and other Lehman units held
commercial loans issued by or equity interests in 157 issuers
with an aggregate principal balance of about $3.8 billion, and
unfunded commitments in the sum of $1.5 billion, according to
court filings.

Under the deal, Fraser Sullivan will be employed to provide asset
management and investment management services related to the
commercial loan portfolio.  Subject to market conditions, the
firm will also execute a series of CLOs involving at least
$500 million of loans no later than 180 days after the deal takes
effect and an additional $500 million of loans no later than one
year after the effective date.

A team of managers at LAMCO LLC that currently manages the
commercial loan portfolio will be tapped by Fraser Sullivan after
the effective date, according to the deal.

LBHI estimates that the total management fees to be paid to
Fraser Sullivan for the management of the portfolio will be
approximately $3 million for the period September 1 to
December 31, 2011; $9 million for next year and $8 million for
2013.

The deal also authorizes the Lehman units to sell commercial
loans to CLO issuers.  Upon the closing of CLOs, the Lehman units
that have sold their loans will receive cash and economic equity
interests in the CLOs.

The deal is formalized in a 32-page agreement which is available
for free at http://bankrupt.com/misc/LBHI_FraserDealCLP.pdf

Based on market conditions and the composition of the commercial
loan portfolio as of July 15, 2011, LBHI will receive about $1.6
to $2 billion in cash from the proceeds received from sale of the
multiple tranches of securities issued by CLO issuers.  The funds
can be used to make distributions to creditors immediately after
the company's proposed Chapter 11 plan takes effect, according to
Douglas Lambert, managing director with Alvarez and Marsal.

Earlier, LBHI sought and obtained court approval to file under
seal a schedule of its commercial loans, which reportedly
contains confidential information.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Epiq to Provide Additional Services
----------------------------------------------------
In connection with the solicitation of votes, the Debtors seek
the Court's authority to employ Epiq Bankruptcy Solutions LLC and
Epiq Class Action & Claims Solutions Inc. to provide voting and
tabulation services.

The move came after the U.S. Trustee, a Justice Department agency
that oversees bankruptcy cases, opposed the approval of the
solicitation process on grounds that the firms cannot be retained
as LBHI's solicitation agent without the company filing a
separate application for their retention.

Epiq will be tasked to receive and tabulate all ballots, consult
with Lehman and its professionals regarding solicitation and
balloting issues, attend hearings, among other things.

LBHI proposed to pay Epiq on an hourly basis and reimburse the
firm for its expenses.  Epiq's hourly rates range from $34 to $51
for its clerk; $80 to $140 for case manager (Level 1); $100 to
$161 for IT programming consultant; $125 to $150 for case manager
(Level 2); $175 to $233 for senior case manager; and $250 for
senior consultant.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Wants Turnover of Giants Stadium Documents
-----------------------------------------------------------
Lehman Brothers Holdings Inc. and Lehman Brothers Special
Financing Inc. ask Judge James Peck to order Giants Stadium LLC
to turn over documents related to its role as partner in a swap
deal.

The move came after Giant Stadium allegedly refused to turn over
certain documents that it shared with its financial adviser,
Goldman Sachs & Co., on grounds that they are protected by
"attorney client and work product privileges."

Earlier, LBHI served Giants Stadium with a subpoena to produce
the documents in connection with its investigation of the $301.8
million claim which Giants Stadium filed against the company and
LBSF.

The claim stemmed from the swap deal Giants Stadium entered into
with LBSF in connection with the $650 million in securities it
issued to finance the construction of the New Meadowlands
stadium.  The swap deal was reportedly terminated by Giants
Stadium after the Lehman units filed for bankruptcy protection in
September 2008.

In a related development, Giants Stadium has filed a motion to
allow its lawyers to participate when LBHI deposed Robert Taylor,
a former Lehman executive who negotiated the swap deal.

LBHI earlier told Giants Stadium that its lawyers could attend
the deposition of Mr. Taylor, which is scheduled for
September 27, 2011, but they are not allowed to ask the Lehman
executive any questions.

Judge Peck will hold a hearing on September 14, 2011, to consider
approval of the requests.  The deadline for filing objections is
September 7, 2011.

                    About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Additional units, Merit LLC, LB Somerset LLC and LB Preferred
Somerset LLC, sought for bankruptcy protection in December 2009
or more than a year after LBHI and its other affiliates filed
their bankruptcy cases.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase
of Lehman Brothers' North American investment banking and
capital markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also bought
Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


LOS ANGELES DODGERS: Can Borrow $150 Million MLB DIP Financing
--------------------------------------------------------------
Judge Kevin Gross has authorized the Los Angeles Dodgers LLC to
borrow $150 million from Major League Baseball, on a final basis.

The Debtor is authorized to use the DIP funds solely to:

     1. repay all outstanding obligations uncured under the
        Highbridge DIP facility;

     2. pay reasonable costs and expenses of the DIP lender;

     3. provide working capital for other general corporate
        purposes;

     4. pay administration costs of the Chapter 11 case and
        amounts authorized by Court order.

As adequate protection, the DIP lender is granted an allowed
administrative expense claim under Section 503(b)(1) of the
Bankruptcy Code.

A copy of the final DIP order is available at:
http://bankrupt.com/misc/LADLLC_dipfinancingorder.pdf

                   About the Los Angeles Dodgers

Los Angeles Dodgers LLC operates the Los Angeles Dodgers, a
professional Major League Baseball club in the Los Angeles
metropolitan area.  Frank McCourt, a Boston real-estate developer
who unsuccessfully bid for the Boston Red Sox, bought the Dodgers
from Rupert Murdoch's Fox Entertainment Group, Inc. in 2004 for
$330 million.  Mr. McCourt also bought the Dodgers Stadium from
Fox for $100 million.

Los Angeles Dodgers LLC filed for bankruptcy protection (Bankr. D.
Del. Lead Case No. 11-12010) on June 27, 2011, after MLB
Commissioner Bud Selig rejected a television deal with News
Corp.'s Fox Sports, leaving Mr. McCourt unable to make payroll for
June 30 and July 1.  Fox Sports has exclusive cable television
rights for Dodgers games until the end of 2013 baseball season.

Chapter 11 filings were also made for LA Real Estate LLC, an
affiliated entity which owns Dodger Stadium, and three other
related holding companies.

The petition estimates assets of up to $500 million and debts of
up to $1 billion.  According to Forbes, the team is worth about
$800 million, making it the third most valuable baseball team
after the New York Yankees and the Boston Red Sox.

Judge Kevin Gross presides over the case.  Lawyers at Young,
Conaway, Stargatt & Taylor and Dewey & LeBoeuf LLP serve as the
Debtors' bankruptcy counsel.  Epiq Bankruptcy Solutions LLC is the
claims and notice agent.

The LA Dodgers is the 12th sports team in North America to have
sought bankruptcy protection, according to The Wall Street
Journal.

The reorganization is being financed with a $150 million unsecured
loan from the Commissioner of Major League Baseball.  The loan
gives the Commissioner few of the controls lenders often demanded
from bankrupt companies.


LOWER BUCKS: Can Use Cash Collateral Until Dec. 2
-------------------------------------------------
Judge Eric L. Frank of the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania authorized Lower Bucks Hospital and its
debtor affiliates to use, on an interim basis, cash collateral
until Dec. 2, 2011.

The Debtors will use cash collateral to enable them to, among
other things, continue the operation of their businesses in an
orderly manner, maintain patient care, maintain business
relationships with suppliers and vendors, fund payroll and satisfy
other working capital and operational needs.  The cash collateral
will be used in accordance with a court-approved budget.

The Indenture Trustee is granted adequate protection against any
decrease in the value of its interest in the collateral.  The
adequate protection includes a security interest and replacement
line in all unrestricted gross revenues acquired by LBH subsequent
to the Petition Date, a lien on LBH's real estate, subject to
other liens, and a superpriority claim.

The Court will conduct a hearing on the Cash Collateral Motion on
November 30, 2011, at 11:00 a.m., to consider final approval of
the motion.  Objections are due November 28.

A full-text copy of the Interim Cash Collateral Order with the
Budget is available for free at:

              http://ResearchArchives.com/t/s?76d9

                   About Lower Bucks Hospital

Bristol, Pennsylvania-based Lower Bucks Hospital is a non-profit
hospital based in Bristol, Pennsylvania.  The Hospital is
currently licensed to operate 183 beds.  Together with affiliates
Advanced Primary Care Physicians and Lower Bucks Health
Enterprises, Inc., Lower Bucks owns a 36-acre campus with several
medical facilities.  The Hospital's emergency room serves
approximately 30,000 patients annually.  For the fiscal year
ending June 30, 2009, Lower Bucks had $114 million in consolidated
revenues.

The Hospital filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Pa. Case No. 10-10239) on Jan. 13, 2010.  The Hospital's
affiliates -- Lower Bucks Health Enterprises, Inc, and Advanced
Primary Care Physicians also filed Chapter 11 petitions.  Jeffrey
C. Hampton, Esq., and Adam H. Isenberg, at Saul Ewing LLP, assist
the Hospital in its restructuring effort.  Donlin, Recano &
Company, Inc., is the Hospital's claims and notice agent.  The
Debtors tapped Zelenkofske Axelrod LLC for the provision of tax
preparation services.  The Hospital estimated assets and
liabilities at $50 million to $100 million.


LYMAN LUMBER: Can Access an Add'l $3.7MM of Cash Collateral
-----------------------------------------------------------
In a third interim order dated Aug. 30, 2011, the U.S. Bankruptcy
Court for the District of Minnesota authorized Lyman Holding
Company, et al., on an interim basis beginning Aug. 26, 2011, and
ending on Sept. 2, 2011, to use up to an additional $3,669,095 of
the cash collateral of U.S. Bank National Association, TCF
National Bank, BMO Harris Bank N.A., Bank of America, N.A., Wells
Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and
The Prudential Insurance Company of America, in accordance with a
budget.

As adequate protection, Lenders are granted the same adeqwuate
protection provided in the Interim Order [Dkt. No. 28], which
includes the grant of replacement liens as set forth in the
Interim Cash Collateral Order.  As additional adequate protection,
the Debtors will pay the Lenders $750,000 on or before Aug. 29,
2011, instead of the amount of $1,500,000 showed on the budget.

                      About Lyman Lumber

Lyman Lumber Company sells building supplies, such as framing
beams, roofing materials, siding and drywall to residential
builders.  The 113-year old company and several affiliates sought
Chapter 11 petition (Bankr. D. Minn. Lead Case No. 11-45190) on
Aug. 4, 2011.  Judge Dennis O'Brien presides over the cases.
Lyman Lumber estimated $50 million to $100 million in assets and
$100 million to $500 million in debts.  The petition was signed by
James E. Hurd, president and chief executive officer.

The affiliates that filed for Chapter 11 are: Lyman Holding
Company; Automated Building Components, Inc.; Building Material
Wholesalers; Carpentry Contractors Corp.; Construction Mortgage
Investors Co.; Lyman Development Co.; Lyman Lumber of Wisconsin,
Inc.; Lyman properties LLC; Mid-America Cedar, Inc.; Woodinville
Lumber, Inc.; and Woodinville Construction Services LLC.

Cynthia A. Moyer, Esq., Douglas W. Kassebaum, Esq., James L.
Baillie, Esq., and Sarah M. Gibbs, Esq., at Fredrikson &
Bryon, P.A., serve as bankruptcy counsel.  BGA Management, LLC
d/b/a Alliance Management, developed and executed a sale process
and marketing strategy for the Debtors' assets.

The Official Committee of Unsecured Creditors of Lyman Lumber
Company tapped Fafinsky, Mark & Johnson, P.A., as its bankruptcy
counsel.  Alliance Management is the financial and turnaround
consultant.

When they filed for bankruptcy, the Debtors had in hand a term
sheet with SP Asset Management, LLC, a unit of Steel Partners
Holdings L.P., to serve as stalking horse bidder for the assets of
the Debtors.  New York City-based Steel Partners is a diversified
holding company that owns and operates businesses in a variety of
industries.


LYMAN LUMBER: Committee Authorized to Tap Alliance as Consultant
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Minnesota has
authorized Lyman Lumber Company's official committee of unsecured
creditors to retain Alliance Management as financial and
turnaround consultant.

                      About Lyman Lumber

Lyman Lumber Company sells building supplies, such as framing
beams, roofing materials, siding and drywall to residential
builders.  The 113-year old company and several affiliates sought
Chapter 11 petition (Bankr. D. Minn. Lead Case No. 11-45190) on
Aug. 4, 2011.  Judge Dennis O'Brien presides over the cases.
Lyman Lumber estimated $50 million to $100 million in assets and
$100 million to $500 million in debts.  The petition was signed by
James E. Hurd, president and chief executive officer.

The affiliates that filed for Chapter 11 are: Lyman Holding
Company; Automated Building Components, Inc.; Building Material
Wholesalers; Carpentry Contractors Corp.; Construction Mortgage
Investors Co.; Lyman Development Co.; Lyman Lumber of Wisconsin,
Inc.; Lyman properties LLC; Mid-America Cedar, Inc.; Woodinville
Lumber, Inc.; and Woodinville Construction Services LLC.

Cynthia A. Moyer, Esq., Douglas W. Kassebaum, Esq., James L.
Baillie, Esq., and Sarah M. Gibbs, Esq., at Fredrikson &
Bryon, P.A., serve as bankruptcy counsel.  BGA Management, LLC
d/b/a Alliance Management, developed and executed a sale process
and marketing strategy for the Debtors' assets.

The Official Committee of Unsecured Creditors of Lyman Lumber
Company tapped Fafinsky, Mark & Johnson, P.A., as its bankruptcy
counsel.  Alliance Management is the financial and turnaround
consultant.

When they filed for bankruptcy, the Debtors had in hand a term
sheet with SP Asset Management, LLC, a unit of Steel Partners
Holdings L.P., to serve as stalking horse bidder for the assets of
the Debtors.  New York City-based Steel Partners is a diversified
holding company that owns and operates businesses in a variety of
industries.


MADISON 92ND: Gladstone Seeks Dismissal or Trustee Appointment
--------------------------------------------------------------
Robert Gladstone, as co-managing member of the Debtor Madison 92nd
Street Associates, LLC, John Lesher and Andrew Harris, as members
of the Debtor, seek an order from the U.S. Bankruptcy Court for
the Southern District of New York (i) dismissing the Chapter 11
case pursuant to Section 1112(b) of the Judiciary and Judicial
Procedure Code, or, (ii) in the alternative, appointing a (y)
Chapter 11 trustee pursuant to Sections 1104(a)(1) and (2) of the
Judiciary and Judicial Procedure Code or (z) Chapter 11 examiner
pursuant to Section 1104(c)(1) of the Judiciary and Judicial
Procedure Code.

On behalf of the Gladstone Parties, Adam H. Friedman, Esq., at
Olshan Grundman Frome Rosenzweig & Wolosky LLP, in New York,
asserts that the case should either be dismissed or a Chapter 11
trustee or examiner appointed because the Debtor's purported co-
managing members -- 92nd St. Hotel Associates LLC, controlled by
Louis Taic, and JKNY, LLC, owned by Jeffrey Kosow -- have:

   (i) Filed the bankruptcy case without corporate authority in
       direct contravention of the provisions of the Debtor's
       Operating Agreement; and

  (ii) Breached their fiduciary duty to the Debtor and its
       members by "knowingly" violating the Operating Agreement,
       by Hotel Associates reneging on its commitment to sign a
       fully negotiated $86,000,000 stalking horse sale contract,
       which would have paid creditors in full and provided a
       significant return to equity, and engaging in a strategy
       to "squeeze" the Gladstone Parties to sell their
       membership interest at a steep discount.

"Immediate action is required, as the Alleged Co-Managing Members
are using the bankruptcy court to usurp corporate authority and to
advance their own agenda, to the detriment of their partners," Mr.
Friedman contends.

In fact, the Gladstone Parties learned one day before the filing
of this motion that the Alleged Co-Managing Members have
"secretly" signed a financing term sheet as "Key Principals" of
the Debtor, which attempts to remove the Gladstone Parties
entirely from ownership of the Debtor's sole asset, Mr. Friedman
tells the Court.

Just hours before the bankruptcy filing, the Alleged Co-Managing
Members purported to complete an illegal "hostile takeover" of the
Debtor, by attempting to remove Mr. Gladstone from his position as
Co-Managing Member and to replace him with Mr. Kosow through a
"Special Meeting" of the Debtor's members, Mr. Friedman says.
This is a clear violation of the Operating Agreement because
removal and replacement of a Co-Managing Member requires a formal
amendment approved by all of the members, he continues.

"The actions taken by the Alleged Co-Managing Members have no
legal effect, and the Petition they signed falsely represents to
the Court their status and authority," Mr. Friedman argues.

The takeover is contrary to the fundamental underpinnings of the
partnership, according to Mr. Friedman.  He relates that Mr. Kosow
is Mr. Gladstone's former employee, since terminated for cause,
who received his membership interest before his termination as a
bonus from Messrs. Gladstone and Lesher under terms that
specifically prohibit him from any participation in the Debtor's
decision making process.

Mr. Gladstone is the principal of Madison Equities LLC, the
development company which conceived of and developed the project
that included a 32-story apartment building at the corner of 1st
Avenue and 92nd Street, as well as the adjoining lot on which the
Hotel sits.  Together with Mr. Lesher, Mr. Gladstone is the
founder of the Debtor and creator of the Hotel.

Mr. Gladstone brought in Mr. Taic -- together with Michael
Fischer, the "Hotel Associates" -- as an investor/member after the
development project was long under way.  Before Hotel Associates
joined the Debtor, all decisions were made solely by Mr. Gladstone
as Managing Member.  Once Hotel Associates was admitted, all
Debtor decisions required the agreement of
both Messrs. Gladstone and Taic.  This included the General
Electric Capital Corp. mortgage, which made Messrs. Gladstone and
Taic personally liable if the Debtor filed a bankruptcy, and which
prohibited the removal of either as Co-Managing Member without
GECC's consent, Mr. Friedman explains.

Thus, the actions of the Alleged Co-Managing Members, in their
attempt to seize control of the Debtor, are not only impermissible
under the Debtor's Operating Agreement, they are contrary to the
very essence of the partnership, Mr. Friedman asserts.

Mr. Gladstone's removal and the appointment of JKNY in his place
was not authorized under the Operating Agreement.  Accordingly,
Gladstone is still a Co-Managing Member, Mr. Friedman says.  Mr.
Gladstone has not consented to this filing, and thus the Alleged
Co-Managing Members have filed this bankruptcy without corporate
authority, since the consent of both of the Debtor's Co-Managing
Members is required by the Operating Agreement.  Therefore, the
petition must be dismissed, he tells the Court.

Mr. Taic's hostile takeover is a bad-faith attempt to break a
deadlock between Messrs. Taic and Gladstone as the Debtor's Co-
Managing Members, Mr. Friedman contends.  Underlying the deadlock
is a fundamental disagreement that recently emerged as to how the
Debtor should proceed in the face of a $74,000,000 million
Consensual Foreclosure Judgment against it and how the Debtor
should respond to offers to purchase its Hotel, the Debtor's sole
asset.  Most particularly, at the last minute and after a
protracted negotiation, Mr. Taic refused to sign a fully
negotiated $86,000,000 stalking horse sale contract, which will
pay creditors in full and provide a significant return to equity.

This breach of fiduciary duty was compounded by Mr. Taic's follow-
up, brazen offer to buy out the Gladstone Parties for
substantially less than they would realize in the agreed-upon
Sale Contract, Mr. Friedman tells the Court.  Furthermore, it was
revealed shortly before the filing of this Motion that Messrs.
Taic and Kosow have secretly signed a term sheet for a "financing
alternative," which excludes the Gladstone Parties entirely from
ownership of the Debtor, he tells the Court.

Mr. Taic also ignored Mr. Gladstone's proposal that they agree to
a bankruptcy filing by independent counsel in which the two Co-
Managing Members could file competing plans of reorganization.  By
their improper filing, Hotel Associates and JKNY have now
endangered the Debtor and breached their fiduciary duty to the
company and its members, Mr. Friedman complains.

Alternative to dismissal, the appointment of a trustee is
essential.  Only an independent third party can cut through "the
acrimony, the self-dealing and the deadlock," evaluate the
alternative courses of action available to the Debtor, and
determine which course is in the best interests of the bankruptcy
estate, according to Mr. Friedman.

However, in the event that the Court holds otherwise, the
Gladstone Parties submit that the appointment of an examiner to
investigate Mr. Taic's conduct, the impasse, and the Debtor's
alternative strategies and to report the same to the Court is
warranted under Section 1104(c)(i) of the Bankruptcy Code.

In separate filings, Rivkin Radler LLP and Rosenberg Calica &
Birney LLP, both creditors of the Debtor on account of outstanding
invoices for legal services, pro se, join in the Gladstone
Parties' Motion.  Rivkin Radler and Rosenberg Calica represented
the Debtor earlier in 2011 and no longer represent the Debtor or
any of its principals.

The Gladstone Parties' Motion makes clear that there is a
fundamental dispute among the principals of the Debtor as to which
members have the authority to act on behalf of the Debtor and
whether the Debtor had the requisite authority to commence this
Chapter 11 proceeding, the Firms note.  It is also clear that the
deadlock of the Debtor's members has impeded its ability to sell
its single, most valuable asset -- the 32-story apartment building
located at First Avenue and 92nd Street in Manhattan, according to
the Firms.

The Firms further note that before the bankruptcy filing, the
Debtor's secured creditor, GECC, commenced a foreclosure
proceeding and procured a consent judgment.  The GECC foreclosure
action is stayed by virtue of the Debtor's bankruptcy.

The Firms believe that it is appropriate and necessary for the
Court to appoint a Chapter 11 trustee to objectively navigate the
various issues in this case with the best interest of the
creditors in mind.  The Firms, however, do not believe that
dismissal of this case is in the best interest of creditors as the
Debtor would be paralyzed in any efforts to sell the Building as a
result of the various "warring factions" of its members.  The
Firms also do not believe that it is necessary to appoint an
examiner, as the success of this bankruptcy "hinges entirely on
the Debtor's ability" to sell the Building at the highest and best
offer.

              About Madison 92nd Street Associates

Madison 92nd Street Associates, LLC, owns real property improved
by a hotel located at 410 East 92nd Street, New York, known as the
Upper East Side Courtyard by Marriott.  It filed for Chapter 11
bankruptcy protection as lender General Electric Capital Corp.,
owed $74 million, has scheduled a foreclosure sale for Aug. 24,
2011.  The petition (Bankr. S.D.N.Y Case No. 11-13917) was filed
Aug. 16, 2011, before Judge Stuart M. Bernstein.  J. Ted Donovan,
Esq., at Goldberg Weprin Finkel Goldstein LLP, serves as the
Debtor's counsel.  It scheduled $84,471,069 in assets and
$75,398,580 in debts. The petition was signed by Louis Taic,
managing member of 92nd Hotel Associates, LLC and Jeffrey Kosow,
managing member of JKNY, LLC, members of the Debtor.

Courtyard Management Corporation, which manages and operates the
hotel pursuant to a management agreement, is represented by:

         Thomas R. Califano, Esq.
         William M. Goldman, Esq.
         DLA PIPER LLP (US)
         1251 Avenue of the Americas
         New York, NY 10020
         Telephone: (212) 335-4500
         Facsimile: (212) 335-4501
         E-mail: william.m.goldman@dlapiper.com
                 thomas.califano@dlapiper.com


MAQ MANAGEMENT: Super Stop Fights Bank's Case Dismissal Request
---------------------------------------------------------------
Super Stop Petroleum I Inc. and Super Stop Petroleum IV Inc., two
of the four Chapter 11 debtors, responded to Branch Banking and
Trust Company's motion to dismiss the Chapter 11 case of MAQ
Management Inc. due to "bad faith" filing.

A hearing is set for Oct. 5, 2011, at 1:00 p.m., at 1515 N Flagler
Dr. Room 801 Courtroom B, West Palm Beach, to consider the bank's
request.

According to the SSP Debtors, they filed their petitions for
reorganization in good faith and with an honest belief that
through the coordinated efforts between themselves, certain
related and administratively consolidated debtors, and certain
related non-debtor entities, they could fashion a reorganization
strategy that would maximize benefit to the creditors of each
entity.

Thomas M. Messana, Esq., at Messana P.A., said BB&T's motion is
overly narrow in its analysis and opportunistically ignores the
complexities created by the intertwined relationships between
itself and the SSP Debtors and certain affiliated debtor and non-
debtor entities.

BB&T is the holder of a $9,966,000 loan associated with the SSP
Debtors, collateralized by all of the SSP Debtors' property
effective as of July 26, 2007.

                       About MAQ Management

Based in Boca Raton, Florida, MAQ Management, Inc., and three
other affiliates serve as commercial landlords to convenience
stores and gas stations in primarily in South Florida.  They filed
for Chapter 11 bankruptcy (Bankr. S.D. Fla. Cases No. 11-26571 to
11-26574) on June 15, 2011.  Affiliates that sought Chapter 11
protection are Super Stop Petroleum, Inc., Super Stop Petroleum I,
Inc., and Super Stop Petroleum IV, Inc.  Judge Erik P. Kimball
presides over the case.  Lawyers at Talarchyk Merrill, LLC, serve
as the Debtors' counsel.  MAQ Management estimated assets and
debts of $1 million to $10 million.  Super Stop estimated assets
and debts of $10 million to $50 million.  The petitions were
signed by Mahammad A. Qureshi, CEO.

The U.S. Trustee announced that until further notice, it will not
appoint a committee of creditors for the Debtors' cases.


MAQ MANAGEMENT: Bank Seeks Adequate Protection Payments
-------------------------------------------------------
Wauchula State Bank, a secured creditor, asks the U.S. Bankruptcy
Court for the Southern District of Florida to prohibit Debtor
Super Stop Petroleum, Inc. from using the cash collateral; to
compel Super Stop to comply with the Cash Collateral Segregation
Order, requiring the Debtor to continue the segregation of cash
collateral and provide accurate current budgets; to require Super
Stop to provide an accounting of all postpetition cash collateral
receipts and disbursements on both the SSE Lease and the Lakeland
Oil Lease to WSB; and to require Super Stop to make payments of
adequate protection to WSB.

Super Stop owns multiple gasoline stations/convenience stores in
southern and central Florida, which are operated by the Debtor or
its affiliates.  WSB has a first priority mortgage on the property
located at 3510 Cleveland Heights Boulevard, in Lakeland, Florida.

From 2003 to 2010, Super Stop executed and delivered certain
promissory notes and a certain assignment of rent.  The promissory
notes are secured by certain mortgages and mortgage modifications
on the Property.  On May 20, 2011, Super Stop executed and
delivered an agreement consolidating the total combined principal
indebtedness of the 2003 Loan, as modified, and the 2010 Loan,
with a remaining balance of $362,415.

Super Stop defaulted on the 2003 Loan Documents and the 2010 Loan
Documents, both as consolidated and modified, including for
failing to make the installment payment due on May 14, 2011, and
all subsequent payments due.  As of the Petition Date, there
remained outstanding a principal balance of $366,870 on the 2003
Loan Documents and 2010 Loan Documents, both as consolidated and
modified, exclusive of attorneys' fees, additional interest, late
charges, and other costs, Marta M. Suarez-Murias, Esq., at Breton,
Lynch, Eubanks & Suarez-Murias, P.A., in West Palm Beach, Florida,
relates.

Super Stop Petroleum, Inc. and Super Stop Express, Inc. entered
into a lease, dated Sept. 1, 2010, with a duration of 25 years.
Pursuant to the SSE Lease, the rent was to be $1,500.  No
documentation has been received indicating the termination of the
SSE Lease.

Super Stop Express, Inc. and Lakeland Oil & Food Corp./Mohammed
Kamrul Islam and Mohammed Kabir Hossain also entered into a lease,
dated Jan. 1, 2011.  Pursuant to the Lakeland Oil Lease, the rent
was to be $5,000.

At the Section 341 Meeting of Creditors held on Aug. 1, 2011, the
Debtor advised WSB's counsel for the first time that in fact no
rents existed and that there was in fact no cash collateral, Ms.
Suarez-Murias relates.

On Aug. 3, 2011, the Debtor's counsel notified all counsel that
cash had been segregated pursuant to the Court's Jul. 28, 2011
ruling and in anticipation of the entry of a Cash Collateral
Segregation order.  On Aug. 4, 2011, the Debtor provided a Cash
Segregation Statement indicating that, as of Aug. 2, no funds were
being held in the WSB DIP Account.

The Debtor advised that no rents had been received for April, May,
June or July as a result of certain rent concessions purportedly
given by either the Debtor or SSE to Lakeland Oil, SSE's tenant on
the Property.  However, no justification or accounting has been
given by the Debtor for the fact that no funds at all had been
deposited in the WSB DIP Account for rent due and payable from SSE
to Debtor under the SSE Lease, Ms. Suarez-Murias says.

Moreover, the Debtor's 6 month revenue expense budget, furnished
on Aug. 4, depicts only the rent on the SSE Lease, despite the
fact that all rents on the Property are rent, Ms. Suarez-Murias
tells the Court.  It is WSB's understanding that SSE is related
to, if not controlled by the Debtor.

It is troubling that rent concessions are being made by either the
Debtor or SSE while debt service to WSB remains unpaid for months,
Ms. Suarez-Murias complains.

On Aug. 8, 2011, the Debtor advised that $5,000 was on deposit in
the WSB DIP Account, which amount represents the amount of rent
owed monthly under the Lakeland Oil Lease.  However, despite the
specific mandate of the Cash Collateral Segregation Order, the
Debtor has failed to provide any budget for the $5,000 in the WSB
DIP Account.  Ms. Suarez-Murias says that an amended budget would
reveal the availability of funds to make payments to WSB.  She
points out that under the Lakeland Oil Lease, Lakeland Oil bears
much of the responsibility for the Property expenses, thereby
facilitation payment to WSB.

Ms. Suarez-Murias asserts that WSB's cash collateral is in
jeopardy.  The fact that the Debtor has leased the Property for an
under-market rent of $1,500 monthly to SSE, a related company
seemingly controlled by the Debtor, and that SSE is in turn
receiving $5,000 in monthly rent for the Property from Lakeland
Oil is a major concern to WSB, she tells the Court.

Further, the fact that no rent was received by either SSE or the
Debtor for the Property for April, May, June, or July underscores
the precarious position of WSB as to its cash collateral, Ms.
Suarez-Murias adds.

Additionally, despite vague discussions of adequate protection,
the Debtor has failed to actually tender any actual adequate
protection payments to WSB.  Due to (i) the "apparent
mismanagement" of the Property, (ii) the Debtor's failure to
provide a postpetition budget for the $5,000 monthly rent received
and to be received, (ii) the Debtor's failure to collect rents,
and (iv) inconsistencies with the Leases, Ms. Suarez-Murias
asserts that it is necessary for WSB to receive adequate
protection payments.

                       About MAQ Management

Based in Boca Raton, Florida, MAQ Management, Inc., and three
other affiliates serve as commercial landlords to convenience
stores and gas stations in primarily in South Florida.  They filed
for Chapter 11 bankruptcy (Bankr. S.D. Fla. Cases No. 11-26571 to
11-26574) on June 15, 2011.  Affiliates that sought Chapter 11
protection are Super Stop Petroleum, Inc., Super Stop Petroleum I,
Inc., and Super Stop Petroleum IV, Inc.  Judge Erik P. Kimball
presides over the case.  Lawyers at Talarchyk Merrill, LLC, serve
as the Debtors' counsel.  MAQ Management estimated assets and
debts of $1 million to $10 million.  Super Stop estimated assets
and debts of $10 million to $50 million.  The petitions were
signed by Mahammad A. Qureshi, CEO.

The U.S. Trustee announced that until further notice, it will not
appoint a committee of creditors for the Debtors' cases.


MARGAUX ORO: Use of Wells Fargo's Cash Extended Until Sept. 30
--------------------------------------------------------------
Margaux Oro Partners, LLC, and Wells Fargo informed the U.S.
Bankruptcy Court for the Northern District of Texas of their
agreement to extend the Debtor's cash collateral use until
11:59 p.m. (CDT) on Sept. 30, 2010.

The Troubled Company Reporter reported on May 23, 2011, that as of
the Petition Date, the Debtor owed Wells Fargo at least
$10,387,352 under the parties' prepetition credit agreement.

Pursuant to the final order dated May 3, 2011, as adequate
protection for any diminution in value of the lenders'
collateral, the Debtors will grant Wells Fargo replacement liens,
security interests and superpriority administrative claims status.

                       About Margaux Oro

Dallas, Texas-based Margaux Oro Partners, LLC, owns 83,400 square
foot Plaza Del Oro Shopping Center in Cockrell Hill, Dallas
County, Texas.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 11-30337) on Jan. 11, 2011.  Vickie L. Driver,
Esq., Alexandra P. Olenczuk, Esq., and Courtney J. Hull, Esq., at
Coffin & Driver, PLLC, in Dallas, serves as the Debtor's
bankruptcy counsel.  No creditors' committee has been appointed in
this case.  In its schedules, the Debtor disclosed $13,171,602 in
assets and $10,934,144 in liabilities as of the petition date.

Donald Lewis Silverman, the sole manager of the Debtor, filed a
voluntary petition for personal relief under Chapter 7 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 10-31785).  Mr.
Silverman received his discharge on Nov. 12, 2010.


MARMC TRANSPORTATION: Files Ch. 11 Plan & Disclosure Statement
--------------------------------------------------------------
Marmc Transportation, Inc., filed with the U.S. Bankruptcy Court
for the District of Wyoming a Chapter 11 plan of reorganization
and an accompanying disclosure statement on September 1, 2011.

According to papers filed in court, the funds necessary for the
plan payments will derive from the sale proceeds already received,
the real estate lease payments and the proceeds of the pending
adversary proceedings.

Unsecured Claims, totaling $2,420,617, will recover 100% of the
allowed amount without interest.  The claims are assigned as Class
Ten under the Plan.  Payment of Class Ten Claims will be
accomplished by an initial distribution of $1,250,000 on the
Effective Date of the Plan.  This initial distribution is
anticipated to satisfy almost 90% of the undisputed and allowed
unsecured claims in thus Class.  The next distribution will occur
after Debtor's 2011 tax liabilities are determined, which
distribution is anticipated to satisfy the remaining amounts owed
on the unpaid allowed unsecured claims.  The other claims in this
Class, will be paid within 30 days after the final resolution of
said claims by this Court and any appeals.

The Plan also provides for these classification and treatment of
other claims against the Debtor:

   * Class One -- Wyoming Department of Revenue.  This creditor is
     a priority unsecured creditor.  The Plan proposes to pay this
     creditor $6,021 in satisfaction of its claim on the Effective
     Date of the Plan.  This Class is impaired.

   * Class Two -- Wyoming Department of Employment, Employee
     Services.  This creditor is a priority unsecured creditor.
     The Plan proposes to pay this creditor $13,071 in
     satisfaction of its claim on the Effective Date of the Plan.
     This Class is impaired.

   * Class Three -- Wyoming Department of Employment, Workers
     Safety and Compensation Division.  This creditor is a
     priority unsecured creditor.  The Plan proposes to pay this
     creditor $11,079 in satisfaction of its claim on the
     Effective Date of the Plan.  This Class is impaired.

   * Class Four -- Natrona County Treasurer.  This creditor is a
     priority unsecured creditor.  The Plan proposed to pay this
     creditor $13,615 in satisfaction of its claim on the
     Effective Date of the Plan.  This Class is impaired.

   * Class Five -- Internal Revenue Service.  This creditor will
     be paid as an priority unsecured creditor in the amount of
     $655,763.  This amount, plus interest at the statutory rate
     at the time of confirmation, will be paid on the effective
     date of confirmation.  The remainder of this creditor's claim
     will be paid under Class 10.  This Class is impaired.

   * Class Six -- Wells Fargo Equipment Finance, Inc.  This
     creditor will be paid as a fully secured creditor in the
     estimated amount of approximately $25,000; which represents
     this creditor's estimated attorney's fees and collection
     related expenses.  This Class will be paid 30 days after the
     Court approves this creditor's application for attorney fees
     and expenses.  This Class is impaired.

   * Class Seven -- Wells Fargo Bank, N.A.  This Class will be
     paid on the Effective Date of the Plan as a fully secured
     creditor in the amount of $117,977 (as of August 11, 2011)
     with interest thereon at the contract rate (7.25% per annum).
     This Class is impaired.

   * Class Eight -- Summit Electric.  This Class asserts a
     judgment lien against Debtor's real estate, which lien may be
     avoidable.  This Class will be paid $33,332 in satisfaction
     of its claim on the Effective Date of the Plan.  This Class
     is impaired.

   * Class Nine -- Dave and Marcille Sundem.  This Class asserts a
     judgment lien against Debtor's real estate, which lien may be
     avoidable.  This Class will be paid $159,611 in satisfaction
     of its claim on the Effective Date of the Plan.  This Class
     is impaired.

The management of Marmc intends to reorganize, Cindy Richardson,
vice president of the Company, said.  Marmc could liquidate but it
is highly unlikely that any funds would be available for unsecured
creditors, she added.

A full-text copy of the Disclosure Statement is available for free
at http://ResearchArchives.com/t/s?76da

                 About MarMc Transportation, Inc.

Headquartered in Mills, Wyoming, MarMc Transportation, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. D. Wyo. Case No. 10-
20653) on June 3, 2010.  Stephen R. Winship, Esq., at Winship &
Winship, PC, assists the Company in its restructuring effort.  The
Company estimated $10 million to $50 million in assets and up to
$10 million in debts in its Chapter 11 petition.


MARONDA HOMES: Combined Plan & Disclosures Hearing Set for Oct. 28
------------------------------------------------------------------
Judge Judith K. Fitzgerald of the U.S. Bankruptcy Court for the
Western District of Pennsylvania conditionally approved the
disclosure statement explaining the plan of reorganization of
Maronda Homes, Inc., and its debtor affiliates.

The Court will convene a combined hearing on the Disclosure
Statement and confirmation of the Plan on Oct. 28, 2011, at 9:00
a.m.  Objections and ballots are due Oct. 14.

Pursuant to the Plan, Debtors will continue in business with a
revised credit agreement in place with most or all of its lenders.

Under the Plan, all undisputed claims of creditors other than the
Debtors' secured lenders and equity holders are paid in full in
accordance with their terms or as otherwise agreed between the
creditor and Debtors.

All allowed general unsecured claims will be paid in full under
the Plan.  A large number (in excess of 90%) of the unsecured
claims as of the Petition Date have already been paid.

With respect to the secured lenders, owed of $89,770,349 as of the
Petition Date, the Plan proposes to pay the allowed prepetition
claims of Lenders in full through the Petition Date subject to an
offset to such amounts of $12 million.  The allowed claims of the
secured lenders, net of the offset amount, are paid in full under
the Plan but the claims of the Lenders are impaired because the
time for payment is extended from the maturity date of March 12,
2012, under the pre-petition Credit Agreement to Sept. 30, 2014.

Under the Plan, the Lenders are also given the option to
participate or not in the exit financing (in an amount sufficient
to make all payments required under the Plan and to operate the
Debtors' businesses following consummation of the Plan) provided
that a majority in number and at least 75% in amount due agree to
participate in the exit financing.  The maturity date of the exit
financing is the earlier of 3 years from the Effective Date or
Sept. 30, 2014.

Lenders electing to participate in the exit financing must agree
that their pro rata participation in and share of the commitment
under the exit financing will be adjusted upward to encompass the
pro rata share of any Lender that does not elect to participate in
the exit financing.

As consideration for the agreement, for participating in the exit
financing and for otherwise incurring the risks and obligations
relating to the restructuring of the Credit Agreement, the pro
rata portion of the Offset Amount for each Lender electing to
participate in the exit financing is reduced to zero.

Secured Lenders that elect not to participate in exit financing
retain their pro rata share of indebtedness outstanding as of the
Petition Date (subject to the Offset Amount) and are paid interest
monthly at the non-default rates under the Pre-Petition Credit
Agreement, and all unpaid principal and accrued but unpaid
interest is payable at maturity on Sept. 30, 2014.

The Secured Lenders Class is the only class of creditors under the
Plan that will be voting, and all other classes (other than
Equity) are unimpaired.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/marondahomes.DS.pdf

                       About Maronda Homes

Maronda Homes, Inc., based in Clinton, Pennsylvania, near
Pittsburgh, builds homes in Florida, Pennsylvania, Georgia and
Kentucky.  It filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Pa. Case No. 11-22418) on April 18, 2011.  Joseph F.
McDonough, Esq., and James G. McLean, Esq., at Manion Mcdonough &
Lucas, P.C., serve as the Debtor's bankruptcy counsel.  In its
schedule, Maronda Homes, Inc., disclosed $83,784,549 in assets and
$91,773,703 in liabilities.

Affiliates Maronda Homes, Inc. of Ohio (Bankr. W.D. Pa. Case No.
11-22422) and Maronda Homes of Cincinnati, LLC (Bankr. W.D. Pa.
Case No. 11-22424) simultaneously filed separate Chapter 11
petitions on April 18, 2011.


MCDONALD BROTHERS: Taps Northen Blue as Bankruptcy Counsel
----------------------------------------------------------
McDonald Brothers, Inc., seeks authority from the United States
Bankruptcy Court for the Middle District of North Carolina to
employ John A. Northen, Esq., and his firm, Northen Blue LLP, as
the Debtor's bankruptcy counsel.

As counsel, Northen Blue will:

   -- give the Debtor legal advice with respect to its duties and
      powers;

   -- assist the Debtor in the operation of its business,
      including an evaluation of the desirability of the
      continuance of the business, the ability and means by which
      some or all of the assets could be refinanced or liquidated
      to generate cash for the payment claims, and any other
      matter relevant to the case or to the formulation of a
      plan;

   -- assist the Debtor in the preparation and filing of all
      necessary schedules, statements of financial affairs,
      reports, a disclosure statement, and a plan; and

   -- assist and advise the Debtor in the examination and
      analysis of the conduct of the Debtor's affairs and the
      causes of insolvency, among other tasks.

The Debtor will pay Northen Blue based upon the Firm's customary
hourly rates.  Mr. Northen's current rate is $430 per hour.  The
Debtor says that Northen Blue has not received any compensation
from the Debtor, except for a retainer:

   (a) Northen Blue received an initial retainer for $50,000, of
       which $13,140 has been expended in payment of prepetition
       services and expenses.  The unexpended balance of the
       retainer in the amount of $36,859 is held by Northen Blue
       as security for postpetition fees and expenses as may be
       allowed by the Court; and

   (b) The retainer deposit is and will be fully refundable to
       the extent not used in payment of legal services provided
       to or for the benefit of the Debtor.

Mr. Northen, a partner at Northen Blue, attests that he or any
member of the Firm do not hold an interest adverse to the
bankruptcy estate, and therefore, both he and the Firm are
disinterested persons as that term is defined in Section 101 of
the Bankruptcy Code.

                     About McDonald Brothers

McDonald Brothers, Inc., in Southern Pines, North Carolina, is a
building materials and services supplier that has been a family-
owned and operated business since 1885.  It has three business
operations in North Carolina located in the towns of Southern
Pines, Siler City, and West End.  It sells its products and
services throughout the south-central region of North Carolina and
northeastern South Carolina.  Over the past few years, its
business has declined as a result of the depressed real estate
market and the recession.

McDonald Brothers filed for Chapter 11 bankruptcy (Bankr. M.D.N.C.
Case No. 11-81363) on Aug. 22, 2011.  The Debtor scheduled
$10,540,708 in assets and $10,132,635 in debts.  The petition was
signed by Angus A. McDonald, Jr., president.


MCDONALD BROTHERS: Wants to Use BB&T Cash Collateral
----------------------------------------------------
McDonald Brothers, Inc., seeks authority from the United States
Bankruptcy Court for the Middle District of North Carolina to use
cash collateral through and including the effective date of a
confirmed plan of reorganization or liquidation, or the conversion
of its bankruptcy case to Chapter 7, whichever may first occur,
provided the Debtor may not use Cash Collateral for any purpose
other than operations in the ordinary course of business or the
payment of allowed administrative fees, costs or expenses,
irrespective of whether that purpose would be proper under
applicable law.

The Debtor entered into a prepetition loan agreement with Branch
Banking and Trust Company, which provides for (i) a term loan in
the principal amount of $4,606,909, and (ii) a revolving line of
credit in the maximum amount of $3,000,000.  The Loans are secured
by certain assets, including a first priority security interest in
all of the Debtor's existing and after-acquired accounts and
inventory, liens against real property and security interests or
liens against certain property owned by McDonald Family Farms,
LLC, Angus A. McDonald, Jr. and his mother, Virginia C. L.
McDonald.

John A. Northen, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina -- jan@nbfirm.com -- contends that the Debtor is
dependent upon continued and uninterrupted use of the proceeds
from collections on its accounts receivable, the funds or accounts
generated by the sale of its inventory, and the rental income
generated from its property.  While the Debtor may have some
unrestricted cash in its accounts as of the Petition Date, the
Debtor will need to receive and use Cash Collateral to pay ongoing
costs of operating, insuring, preserving, and protecting the
business and property of the estate, he asserts.

If not permitted to use the Cash Collateral of BB&T to pay its
ordinary operating expenses, the Debtor will have to close down
operations forthwith, Mr. Northen tells the Court.  He insists
that that precipitous action, if required, would render
reorganization impossible and severely reduce the fair market
value of the estate, resulting in financial loss to all parties-
in-interest.

As adequate protection for BB&T, the Debtor proposes that the Cash
Collateral will only be disbursed in payment of costs and expenses
as shown in a budget.  The Debtor will also provide BB&T with a
continuing postpetition lien and security interest in all property
of the Debtor.

Notwithstanding any suspension or termination of the right to use
Cash Collateral, the Debtor will be permitted to carve out from
Cash Collateral or any replacement collateral.

A copy of the proposed budget is available for free at:

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

                     About McDonald Brothers

McDonald Brothers, Inc., in Southern Pines, North Carolina, is a
building materials and services supplier that has been a family-
owned and operated business since 1885.  It has three business
operations in North Carolina located in the towns of Southern
Pines, Siler City, and West End.  It sells its products and
services throughout the south-central region of North Carolina and
northeastern South Carolina.  Over the past few years, its
business has declined as a result of the depressed real estate
market and the recession.

McDonald Brothers filed for Chapter 11 bankruptcy (Bankr. M.D.N.C.
Case No. 11-81363) on Aug. 22, 2011.  John A. Northen, Esq., and
Stephanie Osborne-Rodgers, Esq., at Northen Blue, LLP, serve as
the Debtor's counsel.  The Debtor scheduled $10,540,708 in assets
and $10,132,635 in debts.  The petition was signed by Angus A.
McDonald, Jr., president.


MERCED FALLS: Files Schedules of Assets & Liabilities
-----------------------------------------------------
Merced Falls Ranch LLC filed with the U.S. Bankruptcy Court for
the Eastern District of California, its schedules of assets and
liabilities, disclosing:

  Name of Schedule               Assets              Liabilities
  ----------------              -------              -----------
A. Real Property               $339,670,000
B. Personal Property           $100,000,200
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                     $11,902,803
E. Creditors Holding
   Unsecured Priority
   Claims                                                      $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                                $562,800
                                 ------------         -----------
      TOTAL                      $439,670,200         $12,465,503

Merced Falls Ranch LLC filed a Chapter 11 petition (Bankr. E.D.
Calif. Case No. 11-19212) on Aug. 16, 2011, in Fresno, California.
The Debtor disclosed assets of $100 million to $500 million and
debts of $10 million to $50 million.  Judge W. Richard Lee
presides over the case.  Walter & Wilhelm Law Group serves as the
Debtor's bankruptcy counsel.  The petition was signed by Stephen
W. Sloan, the Debtor's member.


METAL STORM: Partners with Seven Companies to Provide FPS
---------------------------------------------------------
Metal Storm Limited announced that Metal Storm, Inc., is a teaming
partner with seven companies that have received awards to provide
Force Protection Systems for Integrated Base Defence capabilities
for CONUS and OCONUS security of sites and personnel.

These Indefinite Delivery/Indefinite Quantity contracts, issued by
the Department of the Army were in response to the Force
Protection Omnibus solicitation.  A total of 19 companies were
awarded a total of 21 awards.  Metal Storm, Inc., partnered with
seven of the successful prime contractors on the submissions
representing a total of nine of the 21 awards granted.

The Force Protection contracts have a budget of $997,000,000 to
allocate to the 10 objectives of the program.  No contract has an
allocated budget at this stage and prime contractors must now bid
on task orders to receive funding.

Commenting on the awards, Peter D. Faulkner, President of Metal
Storm Inc. said "Of the Army's 10 primary objectives, Metal
Storm's MAUL and FireStorm product lines are very closely aligned
with the Autonomous Unmanned Systems (Remotely Operated Weapons)
and Lethal and Non-Lethal response capabilities."

Metal Storm, Inc., is able to support the two objectives with
their MAUL (Multi-shot Accessory Under-barrel Launcher) and
FireStorm FURY weapons platforms and lethal and less-lethal suite
of munitions.  Based on Metal Storm's Electronic Ballistics
Technology, the MAUL, an individual weapon platform, and the
FireStorm FURY, a mounted Remotely Operated Weapons System, have
the ability to fire both lethal and less-lethal munitions at high
rates of fire.

"An ID/IQ Omnibus gives the Army the flexibility to rapidly
generate individual task orders against the ten objectives,"
explained Faulkner.  "We will be working closely with the Prime
Contractors who have chosen us for their team to identify and
capture task orders requiring our unique capabilities."

                         About Metal Storm

Headquartered in Darra, Queensland, Australia, Metal Storm Limited
is a defense technology company with offices in Australia and the
United States.  It specializes in the research, design,
development and integration of projectile launching systems
utilizing its "electronically initiated / stacked projectile"
technology for use in the defense, homeland security, law
enforcement and industrial markets.

As reported by the TCR on July 25, 2011, PricewaterhouseCoopers,
in Brisbane, Australia, expressed substantial doubt about Metal
Storm's ability to continue as a going concern.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a net capital deficiency.

The Company reported a net loss of A$8.94 million on
A$3.35 million of revenue for 2010, compared with a net loss of
A$11.31 million on A$1.11 million of revenue for 2009.

The Company's balance sheet at Dec. 31, 2010, showed
A$2.15 million in total assets, A$20.64 million in total
liabilities, all current, and an equity deficit of
A$18.49 million.


METAL STORM: Maturity Date of Convertible Note Extended to 2012
---------------------------------------------------------------
Metal Storm Limited advises that Note Holders have approved the
amendment to the Convertible Note Terms at the meeting of Note
Holders held in Brisbane on Aug. 29, 2011.

Shareholders have approved the amendment to the Convertible Note
Terms.  As a result of this resolution and the Note Holder
resolution announced earlier being approved, the maturity date of
the Company's convertible notes has been extended to March 1,
2012.  The Company also confirms that the next interest payment on
convertible notes which are Interest Bearing Notes will be made on
Sept. 30, 2011.

Following the approval by Noteholders and Shareholders to the six
month extension to the maturity date of the convertible notes, the
Company intends to offer new options to those persons who hold
quoted options immediately before their expiry.  The Company will
initiate that process over the coming months.

While the terms of the new options have not yet been finalised, at
this stage the new options are expected to be offered on
comparable terms to the quoted options.  The Company will provide
further information on the proposed offer of new options in due
course.

                         About Metal Storm

Headquartered in Darra, Queensland, Australia, Metal Storm Limited
is a defense technology company with offices in Australia and the
United States.  It specializes in the research, design,
development and integration of projectile launching systems
utilizing its "electronically initiated / stacked projectile"
technology for use in the defense, homeland security, law
enforcement and industrial markets.

As reported by the TCR on July 25, 2011, PricewaterhouseCoopers,
in Brisbane, Australia, expressed substantial doubt about Metal
Storm's ability to continue as a going concern.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a net capital deficiency.

The Company reported a net loss of A$8.94 million on
A$3.35 million of revenue for 2010, compared with a net loss of
A$11.31 million on A$1.11 million of revenue for 2009.

The Company's balance sheet at Dec. 31, 2010, showed
A$2.15 million in total assets, A$20.64 million in total
liabilities, all current, and an equity deficit of
A$18.49 million.


METAL STORM: Proposes to Issue 25.5 Million Ordinary Shares
-----------------------------------------------------------
Metal Storm Limited proposes to issue 13,000,000 ordinary shares
pursuant to a subscription agreement.

In a separate filing, Metal Storm said it proposes to issue
12,500,000 ordinary shares pursuant to an equity line of credit
facility agreement.

Metal Storm also entered into a private share placement agreement
for a total of AU$1,000,000.  On receipt of funds, the Company
will issue shares at a price of 0.5 cents per share.  The funds
will be used for working capital.

Metal Storm Limited's quoted options (MSTO) expire at 5 pm AEST on
Sept. 1, 2011.  There are currently 27,856,846 quoted options on
issue.  The quoted options were issued under a prospectus in May
2010 following the expiry of the options that were originally
issued with the Company's convertible notes on Sept. 1, 2006.

                         About Metal Storm

Headquartered in Darra, Queensland, Australia, Metal Storm Limited
is a defense technology company with offices in Australia and the
United States.  It specializes in the research, design,
development and integration of projectile launching systems
utilizing its "electronically initiated / stacked projectile"
technology for use in the defense, homeland security, law
enforcement and industrial markets.

As reported by the TCR on July 25, 2011, PricewaterhouseCoopers,
in Brisbane, Australia, expressed substantial doubt about Metal
Storm's ability to continue as a going concern.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a net capital deficiency.

The Company reported a net loss of A$8.94 million on
A$3.35 million of revenue for 2010, compared with a net loss of
A$11.31 million on A$1.11 million of revenue for 2009.

The Company's balance sheet at Dec. 31, 2010, showed
A$2.15 million in total assets, A$20.64 million in total
liabilities, all current, and an equity deficit of
A$18.49 million.


MINH VU HOANG: Chapter 7 Trustee May Amend Suit Over Asset Sale
---------------------------------------------------------------
Gary A. Rosen, the chapter 7 trustee for Minh Vu Hoang and Thanh
Hoang, was given 14 days to amend a complaint to assert a claim of
conspiracy to hinder, delay and defraud the estate, without
prejudice to the Defendants' rights, according to a Bankruptcy
Court's Aug. 31, 2011 Memorandum of Decision, a copy of which is
available at http://is.gd/voTrY1from Leagle.com.  Mr. Rosen has
filed a three-count amended complaint against Craig A. Parker,
Gemini Title & Escrow, LLC, and the Law Offices of Craig A.
Parker, LLC.  The Defendants have filed a motion to dismiss the
amended complaint.  In Counts I and II of the amended complaint,
the Trustee seeks turnover under 11 U.S.C. Sec. 542(a) of property
acquired by the Defendants post-petition.  In Count III, the
Trustee asserts a claim of co-conspirator liability for conversion
against the Defendants Parker and the Law Offices of Parker.

Prior to the bankruptcy filing, the Debtor engaged in a massive
asset-concealment scheme.  The Debtor purchased distressed real
estate at foreclosure and sold those properties at a profit.  It
is alleged that the Debtor continued that scheme post-petition by
selling -- without knowledge or approval of the Trustee or the
Court -- 10 titled in the name of sham entities so that she could
keep the proceeds out of the reach of the Trustee.  The amended
complaint claims that the Defendants conspired with the Debtor in
furtherance of this scheme, and seeks to impose liability for the
parties' post-petition acts.  On Aug. 25, 2006, more than one year
after the Debtor filed her bankruptcy petition, the Debtor sold
6412 Central Avenue, Capitol Heights, Maryland, which was titled
under Osher, Inc., a sham entity, for $1.6 million.  Central
Avenue was property of the bankruptcy estate and the sales
proceeds therefore were property of the estate.  The Debtor
requested the sales proceeds to be split among two of her other
sham entities: Sweet Wheel & Associates and El Caballero General
Partnership.  Parker and the Law Offices of Parker advised and
assisted the Debtor in connection with the structuring of the
Central Avenue sale.

The lawsuit is styled, Gary A. Rosen, Chapter 7 Trustee, v. Gemini
Title & Escrow, LLC et al., Adv. Proc. No. 09-853 (Bankr. D. Md.),

                About Minh Vu Hoang and Thanh Hoang

Minh Vu Hoang and Thanh Hoang filed a Chapter 11 petition (Bankr.
D. Md. Case No. 05-21078) on May 10, 2005.  They served as debtor-
in-possession until Gary A. Rosen was appointed as chapter 11
trustee on Aug. 31, 2005.  The case was converted to chapter 7 on
Oct. 28, 2005, and Mr. Rosen was appointed the chapter 7 trustee
and continues to serve in that capacity.

Pre-bankruptcy, the Hoangs engaged in a massive asset-concealment
scheme.  Since 1998, the Hoangs purchased distressed real estate
at foreclosure and sold those properties at a profit.  The Debtors
concealed those assets, through sham entities and paperless
transactions, in an effort to impede judgment creditors from
executing on any judgments.


MONARCH FLIGHT: Case Summary & 9 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Monarch Flight II, LLC
        100 West Paces Ferry Road
        Atlanta, GA 30305

Bankruptcy Case No.: 11-12795

Chapter 11 Petition Date: September 2, 2011

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

Judge: Peter J. Walsh

Debtor's Counsel: Matthew B. McGuire, Esq.
                  LANDIS RATH & COBB LLP
                  P.O. Box 2087
                  919 Market Street, Suite 1800
                  Wilmington, DE 19899
                  Tel: (302) 467-4400
                  Fax: (302) 467-4450
                  E-mail: mcguire@lrclaw.com

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

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

A list of the Company's nine largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/deb11-12795.pdf

The petition was signed by William B. Johnson, managing member.


MRA PELICAN: Receiver to Turnover Records for Schedules Completion
------------------------------------------------------------------
The Hon. Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida, in an interim order, directed
Margaret J. Smith, the receiver, to provide copies of MRA Pelican
Pointe Apartments, LLC's books and records in her possession in
order to permit the Debtor to complete the various forms and
schedules.

The receiver was appointed by the Circuit Court of the 17th
Judicial Circuit in and for Broward County, Florida in an
foreclosure action initiated against the Debtor by Fannie Mae.

The Court also continued until Oct. 3, 2011, at 1:30 p.m., the
hearing to consider the requests for cash collateral use and for
turnover the estate's property.

The Court also ordered that the receiver will remain in possession
of the Debtor's property, subject to the same terms and conditions
set forth in the Modified Order Granting Plaintiff Fannie Mae's
motion for the appointment of a receiver entered by the State
Court, until otherwise ordered by the Court.

The Receiver will increase the cash bond or surety bond to an
amount totaling $650,000.

                    About MRA Pelican Pointe

MRA Pelican Pointe Apartments, LLC, owns an apartment complex
commonly known as Whispering Isles Apartments in Pompano Beach,
Florida.  The property was being managed by Aryeh Kieffer of Boca
Raton-based Addison Advisors.

Pre-bankruptcy, Fannie Mae initiated a foreclosure action against
the property  in the Circuit Court of the 17th Judicial Circuit in
and for Broward County, Florida.  At Fannie Mae's behest, Margaret
Smith of Glass Ratner Advisory & Capitol Group LLC was appointed
as receiver.  The receiver has administered and operated the
apartment complex since May 17, 2011.

MRA Pelican filed for Chapter 11 bankruptcy (Bankr. S.D. Fla. Case
No. 11-32457) on Aug. 10, 2011.  Addison Advisors' Mr. Kieffer
signed the petition.  The Debtor's bankruptcy counsel is:

          Bradley S. Shraiberg, Esq.
          SHRAIBERG, FERRARA, & LANDAU P.A.
          2385 NW Executive Center Drive, #300
          Boca Raton, FL 33431
          Tel: (561) 443-0801
          Fax: (561) 998-0047
          E-mail: bshraiberg@sfl-pa.com

In its schedules, the Debtor listed $12,003,200 in assets and
$14,661,009 in debts.

Fannie Mae is represented by Gary M. Freedman, Esq., and Mark S.
Roher, Esq., at Tabas, Freedman, Soloff, Miller & Brown, P.A.


NEWPAGE CORP: Files for Chapter 11 With $4.2 Billion in Debt
------------------------------------------------------------
NewPage Corp., the largest North American producer of coated
paper, filed for Chapter 11 protection (Bankr. D. Del. Case No.
11-12804) on Sept. 7 in Delaware.

NewPage is saddled with "burdensome long-term debt obligations"
arising from the Company's 2005 acquisition by Cerberus Capital
Management LP, which controls 80% of the equity.

The Company disclosed assets of $3.4 billion and $4.2 billion in
debt as of June 30, 2011.

The Debtors have $131 million in borrowings (excluding letters of
credit) outstanding as of June 30, 2011, under a senior secured
revolver plus has $101 million in letters of credit issued but
undrawn.  There is $1.77 billion outstanding on 11.375% senior
secured first-lien notes with Bank of New York Mellon, as trustee.
Second-lien obligations include $802 million in 10% secured notes
and $225 million in floating-rate notes, under which HSBC Bank
USA, National Association, serves as trustee.  In addition to $200
million in 12% senior unsecured notes, there is $498 million owing
on two issues of floating-rate pay-in-kind notes, both of which
HSBC Bank USA serves as trustee.

The company owns 16 paper-making machines operating in seven
plants in the U.S. and Nova Scotia.  The Company has 6,000
employees in the U.S., 70% of whom are represented by labor
unions.

NewPage, based in Miamisburg, Ohio, blamed its problems on "a
significant decline" in the North American demand for coated
paper.  Although this decline has impacted many of the markets for
the Debtors' key products, it has yet to result in a
counterbalancing decrease in the production capacity trying to
access those markets, says George F. Martin, president and CEO.

Mr. Martin adds that foreign imports from Europe and Asia, driven
by similar overcapacity in their own markets, continue to have a
negative impact on North American coated paper suppliers. This has
led to significant levels of market-related downtime and temporary
shutdowns, especially during 2008 and 2009.

The Company reported a $229 million net loss in the first half of
2011 on revenue of $1.79 billion, following a $674 million net
loss in 2010 on revenue of $3.6 billion.

Prepetition, the Debtors retained Lazard Freres & Co. to analyze
and determine whether an out-of-court restructuring of the
Debtors' balance sheet would be possible.  Lazard's efforts were
met with a general market unwillingness to provide the Debtors
with additional financing or to increase the Debtors' borrowing
base.

Bill Rochelle, the bankruptcy columnist for Bloomberg News, notes
that NewPage's statement Sept. 7 implied that a sale isn't in the
offing.  The Company said it intends to work with creditors on a
plan "that details how it intends to satisfy its liabilities and
restructure its balance sheet."

An affiliate, NewPage Port Hawkesbury Corp., a NewPage subsidiary,
is commencing proceedings under Canada's Companies' Creditors
Arrangement Act, R.S.C. 1985, c. C-36, in the Supreme Court of
Nova Scotia, in Halifax, Nova Scotia, Canada.  It has named Ernst
& Young, Inc., as monitor in the Canadian Proceedings.  NPPH is
seeking authority from the Canadian court to restructure and
conduct a sales process to seek a buyer for its property and
undertaking.


NEWPAGE CORP: Business as Usual While in Chapter 11
---------------------------------------------------
NewPage Corporation disclosed that, to facilitate an orderly debt
restructuring and position the overall business for long-term
success, its corporate parent, NewPage Group Inc., and certain of
its U.S. subsidiaries have commenced voluntary cases under Chapter
11 of the United States Bankruptcy Code.  The cases are pending in
the United States Bankruptcy Court for the District of Delaware.
The company's Consolidated Water Power Company subsidiary is not
part of the filing.

Separately, the company's Canadian subsidiary, NewPage Port
Hawkesbury Corp., has brought proceedings before the Supreme Court
of Nova Scotia under the Companies' Creditors Arrangement Act of
Canada.  In order to maximize efficiency in both the U.S. and
Canadian Court processes, NewPage Corporation and NewPage Port
Hawkesbury Corp. have executed a Settlement and Transition
Agreement, subject to approval by the Canadian Court.

             Chapter 11 Restructuring for U.S. Entities

Through the Chapter 11 process, NewPage expects to work closely
with its creditors and other stakeholders in the U.S. to formulate
a Chapter 11 plan that details how it intends to satisfy its
liabilities and restructure its balance sheet to emerge as a
financially stronger company.  The company expects to continue
operating its U.S. businesses as usual throughout this process
with an undiminished focus on providing customers with high-
quality paper and employees with a stable and safe working
environment.  To help ensure it has adequate liquidity to achieve
these objectives and continue to operate and compete successfully
throughout the restructuring, NewPage has obtained a commitment
led by J.P. Morgan for up to $600 million in Debtor in Possession
(DIP) financing.

Additionally, NewPage has filed a series of customary First Day
Motions in the United States Bankruptcy Court that, subject to
court approval, would allow it to continue its U.S. employee wages
and benefits programs, honor obligations for customers served by
its U.S. businesses and provide additional protection to various
other stakeholders.  These motions are typical of the Chapter 11
process and are generally granted in the days immediately after a
filing.

"We strongly believe that the court-supervised restructuring we
began today is the most effective means of strengthening our
financial position and enhancing our standing as the leading
producer of printing and specialty paper in North America," said
George F.  Martin, president and chief executive officer for
NewPage.  "We expect to continue to provide our customers with the
exceptional service and high-quality products they have come to
expect.  We recognize customers have choices, and NewPage needs to
continue to earn their trust and loyalty every day.  We expect to
continue to run safe and efficient operations, be candid with all
of our stakeholders and act as a responsible community member both
during and after our financial restructuring."

Jay A. Epstein, senior vice president and chief financial officer
for NewPage, added, "A successful restructuring will allow NewPage
to emerge as a financially stronger company that is even better
positioned to compete and succeed in this dynamic industry
environment.  To this end, we fully expect to work productively
with our lenders and other creditors to develop our Chapter 11
plan as efficiently as possible.  We are confident that the DIP
financing we have secured will allow us to maintain continuity in
our U.S. businesses as we complete this process."

Intention to Commence CCAA Proceedings for NewPage Port Hawkesbury
Corp.

NewPage Port Hawkesbury Corp. has brought proceedings before the
Supreme Court of Nova Scotia in Halifax, Nova Scotia.  The
Canadian entity is in discussions with potential buyers and hopes
to complete a successful sale of the mill while under the
anticipated court protection.

On August 22, NewPage announced that it would take downtime at
NewPage Port Hawkesbury Corp. due to market and economic
conditions that had prevented it from profitably operating the
mill for more than a year.  NewPage Port Hawkesbury Corp. plans to
use funds arising from its Settlement and Transition Agreement to
continue a "hot idle" at the mill and preserve the value of its
assets while it continues discussions with potential buyers.

                      About NewPage Corporation

Headquartered in Miamisburg, Ohio, NewPage Corporation is the
leading producer of printing and specialty papers in North
America, based on production capacity, with $3.6 billion in net
sales for the year ended December 31, 2010. The company's product
portfolio is the broadest in North America and includes coated
freesheet, coated groundwood, supercalendered, newsprint and
specialty papers. These papers are used for corporate collateral,
commercial printing, magazines, catalogs, books, coupons, inserts,
newspapers, packaging applications and direct mail advertising.

NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan,
Minnesota, Wisconsin and Nova Scotia, Canada. These mills have a
total annual production capacity of approximately 4.1 million tons
of paper, including approximately 2.9 million tons of coated
paper, approximately 1.0 million tons of uncoated paper and
approximately 200,000 tons of specialty paper.


NEWPAGE CORP: USW Prepares to Assist Members Following Bankruptcy
-----------------------------------------------------------------
The United Steelworkers released the following statement today
after being notified that NewPage Corp., the largest North
American maker of coated papers, filed for bankruptcy six years
after being bought by Cerberus Capital Management LP:

"The USW is not surprised by this announcement as the union has
been closely monitoring the performance of the company for the
past year," said USW International Vice President Jon Geenen.  "In
order to protect the interests of the workers and retirees we
represent, we are moving quickly to assemble our team so that we
can be an active party to all aspects of reorganization.

"We have begun to consult with our legal and financial experts as
well as our Local Union officials about next steps.  We also
expect to seek a seat on the Creditors' Committee once that body
is formed.  Our approach in bankruptcy cases is to work with
employers and other stakeholders that are willing to work
constructively with us in order to preserve secure jobs for our
members and secure benefits for our retirees."

The USW represents 850,000 members in the United States, Canada
and the Caribbean.  It is the largest private sector union in
North America, representing workers in a wide range of industries
including metals, mining, rubber, paper and forestry, glass, oil
refining, plus office, technical and service workers in health
care, university and public sector.


NEWPAGE CORP: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: NewPage Corporation
        aka Maple Paper Acquisition Corp.
        8540 Gander Creek Drive
        Miamisburg, OH

Bankruptcy Case No.: 11-12804

Debtor-affiliates filing separate Chapter 11 petitions:

        Debtor                        Case No.
        ------                        --------
Chillicothe Paper Inc.                11-12811
Escanaba Paper Company                11-12813
Luke Paper Company                    11-12815
NewPage Canadian Sales LLC            11-12816
NewPage Consolidated Papers Inc.      11-12817
NewPage Energy Services LLC           11-12805
NewPage Group Inc.                    11-12806
NewPage Holding Corporation           11-12808
NewPage Port Hawkesbury Holding LLC   11-12810
NewPage Wisconsin System Inc.         11-12807
Rumford Paper Company                 11-12809
Upland Resources, Inc                 11-12812
Wickliffe Paper Company LLC           11-12814

Type of Business: NewPage Corporation is a coated paper
                  manufacturer in North America, based
                  on production capacity, with $3.1 billion
                  in net sales for the year ended Dec. 31, 2009.
                  The company's product portfolio is the broadest
                  in North America and includes coated freesheet,
                  coated groundwood, supercalendered, newsprint
                  and specialty papers.  These papers are used for
                  corporate collateral, commercial printing,
                  magazines, catalogs, books, coupons, inserts,
                  newspapers, packaging applications and direct
                  mail advertising.

                  Web site: http://www.NewPageCorp.com/

Chapter 11 Petition Date: September 7, 2011

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

Bankruptcy Judge: Kevin Gross

Debtors'
Counsel         : Martin J. Bienenstock, Esq.
                  Judy G.Z. Liu, Esq.
                  Philip M. Abelson, Esq.
                  DEWEY & LEBOEUF LLP
                  1301 Avenue of the Americas
                  New York, NY 10019-6092
                  Tel: (212) 259-8000
                  Fax: (212) 259-6333
                  E-mail: mbienenstock@dl.com
                          jliu@dl.com
                          pabelson@dl.com

Debtors'
Co-Counsel:       Laura Davis Jones, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 North Market Street 17th Floor
                  Wilmington, DE 19801
                  Tel: (302) 652-4100
                  Fax: (302) 652-4400
                  E-mail: ljones@pszjlaw.com

Debtors'
Investment
Banker and
Financial
Advisor:          LAZARD FRERES & CO. LLC

Debtors'
Financial
Advisor:          FTI Consulting Inc.

Debtors'
Claims
Agent:            KURTZMAN CARSON CONSULTANTS LLC

Total Assets: $3.4 billion as of June 30, 2011

Total Debts: $4.2 billion as of June 30, 2011

The petitions were signed by George F. Martin, president and CEO.

Consolidated List of 30 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
HSBC Bank USA, National            NewPage Group      $276,187,486
Association                        Senior Unsecured
452 Fifth Avenue                   P1K Notes
New York, New York
10018

HSBC Bank USA, National            NewPage Holding    $234,984,539
Association                        Senior Unsecured
452 Fifth Avenue                   P1K Notes
New York, New York
10018

HSBC Bank USA, National            12% Senior         $208,416,438
Association                        Subordinated
452 Fifth Avenue                   Notes
New York, New York
10018

Omnova Solutions Inc.              Trade Debt           $6,082,179
1701 Cornell Road
Green Bay, WI 54313-
8934

Thiele Kaolin Company              Trade Debt           $5,181,904
520 Kaolin Road
Sandersville, GA 31082-
1056

Nalco Company                      Trade Debt           $3,454,158
1601 W Diehl Road
Naperville, IL 60563-
1252

Rumford Falls Hydro LLC            Asset Purchase       $2,700,000
(Brookfield Renewable              Agreement
Power, Operations)                 Obligation
200 Donald Lynch Blvd
Suite 300
Marlborough, MA 01752

C. Reiss Coal Company              Trade Debt           $2,617,878
1011S 8th Street
Sheboygan, WI 53081

West Fraser Timber Co. Ltd         Trade Debt           $2,525,710
858 Beatty Street
Suite 501
Vancouver BC V613 ICI

Societe PCI Chimie Canada          Trade Debt           $2,341,619
(OLIN Corporation)
2020 Rue University Blvd.
Montreal, Quebec
H3A-2A5

Shell Energy North America         Trade Debt           $2,319,552
(US), L.P.
909 Fannin Street
Houston, TX 77010

R.R. Donnelly                      Customer (setoff)    $2,032,729
3075 Highland Parkway              Program
Downers Grove, IL 60515

Sprague Energy Corp                Trade Debt           $2,016,526
2 International Drive
Portsmouth, NH 03801

National Starch LLC                Trade Debt           $1,936,574
10 Findeme Avenue
Bridgewater, NJ 08807

EKA Chemicals Inc.                 Trade Debt           $1,892,719
1775 W Oak Commons St.
Marietta, GA 30062-2254

Corenso North America Corp.        Trade Debt           $1,853,365
800 Fremont Street
Wisconsin Rapids, WI
54495

Allete Water Services, Inc.        Trade Debt           $1,838,835
(Minnesota Power)
30 W Superior Street
Duluth, MN 55802

KAMIN, LLC                         Trade Debt           $1,736 876
822 Huber Road
Macon, GA 31217

Hartt Transportation Systems,      Trade Debt           $1,723,742
Inc.
262 Bromac Road
Bangor, ME 04401

Celtic International, Inc.         Trade Debt           $1,717,553
7840 Graphics Dr, Suite 100
Tinley Park, IL 60477

Omya Inc.
39 Main Street
Proctor, VT 05765-1178             Trade Debt           $1,693,491

Quad Graphics                      Customer (setoff)    $1,693,035
N63 W23075 Highway 74              Program
Sussex, WI 53089-2827

Accenture LLP                      Trade Debt           $1,692,856
200 Public Square
Suite 1900
Cleveland, OH 44114

Schneider National, Inc.           Trade Debt           $1,653,955
3101 Packerland Drive
Green Bay, WI 54313

Archer-Daniels-Midland Company     Trade Debt           $1,612,763
4666 Faries Parkway
Decatur, IL 62526

Kemira Chemicals, Inc.             Trade Debt           $1,610,334
1950 Vaughn Road
Kennesaw, GA 30144

Cascades Inc                       Trade Debt           $1,582,167
457 Rue Marie-Victorin
CP249
Kingsey Falls, Quebec
JOA IBO

Kentucky Utilities Company         Trade Debt           $1,474,428
138N Blair Street
Morehead, KY 40351-1516

Asten Technologies, Inc.           Trade Debt           $1,426,981
4399 Corporate Road
CC harleston, SC 29405

Buckman Laboratories Inc.          Trade Debt           $1,194,573
1256 N McLean Blvd
Memphis, TN 38108-1297


NUKOTE INT'L: Small Dollar Venue Exception Applies to Trust's Suit
------------------------------------------------------------------
N1 Creditors' Trust, v. Crown Packaging Corp., Adv. Proc. No.
3:11-0102 (Bankr. M.D. Tenn.), alleges that during the 90 days
before the petition, Nukote International, Inc., made payments
totaling $10,768.50 to Crown Packaging Corp., a supplier located
in Missouri.  The Trust seeks to recover those payments as
preferential.  Crown moved to dismiss for improper venue, citing
28 U.S.C. Sec. 1409(b).  Crown "resides" in Missouri and the
"debt" in question is less than $11,725.  Crown argues that the
Trust could only properly bring the action in Missouri.  The Trust
responds that a lack of parallelism between 28 U.S.C. Sec. 1409(a)
and 1409(b) preserves venue in the Middle District of Tennessee.

In a Sept. 2, 2011 Memorandum, Bankruptcy Judge Keith M. Lundin
said the small dollar venue exception in 28 U.S.C. Sec. 1409(b)
applies.  Because the defendant is a Missouri resident, venue in
the Middle District of Tennessee is improper and the defendant's
motion to dismiss for improper venue is granted.  A copy of the
Court's decision is available at http://is.gd/AvEIxJfrom
Leagle.com.

Counsel to Crown Packaging Corp. is:

          David M. Anthony, Esq.
          BONE MCALLESTER NORTON, PLLC
          Nashville City Center, Suite 1600
          511 Union Street
          Nashville, TN 37219
          Fax: (615) 687-5599
          E-mail: danthony@bonelaw.com

                    About Nukote International

Based in Franklin, Tennessee, Nukote International, Inc. --
http://www.nukote.com/-- makes ink and toner cartridges for
laser and ink-jet printers, copiers, and fax machines.  Nukote
International Inc., Nukote Imperial Ltd., International
Communication Materials Inc., Envirosmart Inc. and Black Creek
Holdings, Ltd., commenced their Chapter 11 cases (Bankr. M.D.
Tenn. Lead Case No. 09-06240) on June 3, 2009.  Barbara Dale
Holmes, Esq., at Harwell Howard Hyne Gabbert & Manner, P., and
Frank J. Wright, Esq., at Wright Ginsberg Brusilow PC represented
the Debtors in their restructuring efforts.  Nukote estimated
assets and debts from $10 million to $50 million.  A joint Chapter
11 plan was confirmed on Jan. 4, 2010, creating the N1 Creditors'
Trust to hold assets, including avoidance actions, for the benefit
of unsecured creditors.  The Trust commenced dozens of preference
actions under 11 U.S.C. Sec. 547(a).

Attorneys for the NI Creditors' Trust are:

          Griffin S. Dunham, Esq.
          Joseph A. Kelly, Esq.
          MGLAW PLLC
          2525 West End Avenue, Suite 1475
          Nashville, TN 37203
          Tel: 615-846-9019
          E-mail: jak@mglaw.net
                  gsd@mglaw.net


NUTRITION 21: Sec. 341 Creditors' Meeting Set for Sept. 21
----------------------------------------------------------
The United States Trustee for Region 2 will hold a meeting of
creditors pursuant to 11 U.S.C. Sec. 341 in the bankruptcy cases
of Nutrition 21, Inc. and its debtor affiliates on September 21,
2011, at 1:30 p.m. at Room 243A, in White Plains, New York.

This is the first meeting of creditors required under Section
341(a) of the 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.

The Debtors' representative must be present at the meeting to be
questioned under oath by the trustee and by creditors.  Creditors
are welcome to attend, but are not required to do so.  The meeting
may be continued and concluded at a later date without further
notice.

                       About Nutrition 21

Purchase, N.Y.-based Nutrition 21, Inc. --
http://www.nutrition21.com/-- is a nutritional bioscience company
that primarily develops and markets raw materials, formulations,
compounds, blends and bulk and other materials to third-party non-
end users to be further fabricated, blended or packaged for
ultimate sales to end-users as nutritional supplements or
otherwise.  The Company holds more than 30 patents for nutrition
products and their uses.

Nutrition 21 and its debtor affiliates filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Lead Case No. 11-23712) on Aug. 26,
2011.  Michael Friedman, Esq., and Keith N. Sambur, Esq., at
Richards Kibbe & Orbe LLP, serve as the Debtors' counsel.

The Company reported a net loss of $2.97 million on $6.68 million
of revenues for fiscal year 2011, compared with a net loss of
$3.66 million on $8.76 million of revenues for fiscal year 2010.

The Company's balance sheet at June 30, 2011, showed $3.46 million
in total assets, $18.07 million in total debts, and stockholders'
deficit of $14.60 million.


OAKWOOD SHOPPING: Suit vs. Villa Fresh Remanded to State Court
--------------------------------------------------------------
Judge Stanwood R. Duval, Jr., of the U.S. District Court for
Eastern District of Louisiana remanded Oakwood Shopping Center,
Limited Partnership v. Villa Enterprises of Midwest, Inc. d/b/a
Luciana Pizzeria, d/b/a Villa Fresh Italian Kitchen, Section "K."
to the 24th Judicial District Court for the Parish of Jefferson,
Louisiana.

Oakwood filed a "Rule to Evict Tenant" in the 24th Judicial
District Court seeking an order that Villa Enterprises must
"vacate Space No. 1710 at the Oakwood Shopping Center and deliver
possession thereof to Oakwood Shopping Center, reserving to
Oakwood its right to file lawsuit against Villa Pizza to recover
all past due rent and all rent that accrues through a judgment of
eviction."

Prior to filing the Rule to Evict, Oakwood filed a voluntary
petition for bankruptcy relief under Chapter 11 in the United
States Bankruptcy Court for the Southern District of New York.

Pursuant to Section 1452 of Title 28 of the U.S. Code, Villa
Fresh timely removed the Rule to Evict to the District Court
alleging federal bankruptcy jurisdiction pursuant to Section 1334
of Title 28 of the U.S. Code.  Oakwood filed a motion seeking
remand of lawsuit contending that because the eviction proceeding
is not a core bankruptcy proceeding and does not "relate to" the
bankruptcy, there is no subject matter jurisdiction over the
claim.

Judge Duval held that state law issues not only predominate in
this matter, they are the sole issues in dispute.  The federal
judge acknowledged that even though the District Court is
knowledgeable of Louisiana law and capable of deciding issues of
state law, the state court is better able to address the issues
raised herein and has more experience in lawsuits involving
evictions under Louisiana law.

Judge Duval further stated that the Louisiana Code of Civil
Procedure provides the state court with a streamlined process for
eviction proceedings.  Judge Duval said arguably the federal
court could fashion an expedited process for the eviction
proceeding, but no purpose is served in an expenditure of
resources when the state court already has a well established
streamlined process.  Moreover, remand of this matter would
eliminate any potential prejudice to Oakwood flowing from the
inability to utilize Louisiana's streamlined procedures and
remand would not prejudice Villa Fresh, Judge Duval held.
There is also no indication that upon remand the state court will
be unable to resolve plaintiff's claims on a timely basis, the
federal judge concluded.

Although Section 1447(c) of Title 28 of the U.S. Code permits a
court remanding a case to "require payment of "just costs and any
actual expenses, including attorneys fees, incurred as a result
of the removal" because federal jurisdiction over plaintiff's
claims existed, the District Court declines to order the payment
of those costs and expenses.

A full-text copy of the August 3, 2011 order is accessible for
free at http://is.gd/slSflI

                      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 Dec. 31, 2008.

General Growth Properties on Nov. 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 Nov. 1, 2010, received
common stock in both companies.  The new GGP, which will commence
trading Nov. 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)


OCEAN PLACE: AFP 104 Protests Adequacy of Disclosure Statement
--------------------------------------------------------------
AFP 104 Corp. filed with the U.S. Bankruptcy Court for the
District of New Jersey an objection to the disclosure statement
explaining the Chapter 11 plan of reorganization proposed by Ocean
Place Development LLC.

According to AFP 104, the Plan was filed in bad faith in a
strategic attempt to cram down AFP 104 for the benefit of the
Debtor's insiders.  AFP 104 claims the Plan, on its face, contains
many improper provisions and violates numerous provisions of the
bankruptcy code, thereby making the plan patently unconfirmable
because the Plan:

   a) violates the absolute priority rule by seeking to allows
      current equity to maintain its equity in the reorganized
      Debtor;

   b) grants illegal broad release and injunctions in favor of the
      Debtor's insiders;

   c) blatantly, gerrymanders classes of claims in an improper
      attempt to obtain an impaired accepting class, in disregard
      of controlling law;

   d) improperly treats AFP's claim, both in terms of payment
      terms that fail to comply with the Bankruptcy Code, as well
      as with respect to improperly modifying AFP's existing non-
      monetary protections, without providing AFP with any
      indubitable equivalent or other compensation; and

   e) lacks feasibility, as the plan is premised, among other
      things, upon a speculative future sale or refinance of the
      Debtor's hotel to satisfy the Debtor's payment obligation to
      AFP under the plan.

AFP 104 said the disclosure statement is woefully deficient in
many respects in that it is both misleading and because it fails
to provide necessary and adequate information.

                    The Chapter 11 Plan

As reported in the Troubled Company Reporter on Aug. 12, 2011, the
Debtor has filed a Plan that provides that on or following the
Effective Date, the Debtor will receive up to $7 million in equity
and working capital.  Payments or distributions under the plan
will be obtained from cash from business operations, and from
capital contributions as set forth in the Fourth Amendment and the
Capital Contribution Agreement.

The Plan designates 5 Classes of Claims and Interests:

Class            Claim              Status      Voting Rights
-----            -----              ------      -------------
  1     First Lien Debt Claim      Impaired    Entitled to Vote
  2     General Unsecured Claims   Impaired    Entitled to Vote
  3     Other Unsecured Claims     Impaired    Entitled to Vote
  4     Indemnification Claims     Impaired    Entitled to Vote
  5     OPD Equity Interests       Impaired    Entitled to Vote

On or after the Effective Date, the Holders of Other Priority
Claims will be repaid in full by the Debtor or Reorganized OPD.

The Holder of First Lien Debt will receive a paydown of $5 million
on the principal amount of its Claim and, subject to the AFP Exit
Documents, will (i) retain its Liens on the Debtor's assets, (ii)
receive an amended mortgage and note in the amount of
$47,252,801.26 payable over 7 years at an interest rate of 4% per
annum and at varying amortization levels with a balloon payment at
the maturity date and (iv) receive an exit fee payable at the
maturity date under the AFP Exit Documents in the amount of 1% of
the principal amount of the new note;

The Holders of Allowed General Unsecured Claims, other than
Holders of Other Unsecured Claims and Indemnification Claims, will
receive, on a pro rata basis, a share of a $500,000 aggregate cash
distribution on the Distribution Date;

The Holders of Other Unsecured Claims will receive no distribution
on account of their Claims and the Other Unsecured Claims will be
transferred to and become the obligation of Tiburon Ocean Place
LLC on the Effective Date;

The Holders of Indemnification Claims will have their Claims
reinstated against the Reorganized OPD to the extent that such
Claims become Allowed.

Tiburon's outstanding OPD Equity Interest will not receive any
cash distribution on account of such Interest; provided, however,
that in exchange for its assumption of Other Unsecured Claims and
contributions to the Chapter 11 Case and the Plan, on the
Effective Date, Tiburon's Equity Interests will be restructured
and diluted in accordance with the terms of the Fourth Amendment,
the Fifth Amendment and the Capital Contribution Agreement.

A copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/labota.confirmationorder.pdf

                   About Ocean Place Development

Ocean Place Development, LLC, owns a beachfront resort property in
Long Branch, New Jersey.  The Ocean Place resort is sited on 17-
acres featuring 1,000 feet of ocean frontage and is improved with
a 254-room hotel that includes 40,000 square feet of meeting
space, three restaurants, a bar/lounge, a full-service spa, and
numerous resort amenities.  It employs between 95 and 340
employees, depending upon the season, through the property
management entity West Paces Hotel Group, LLC.

Ocean Place filed a voluntary Chapter 11 petition (Bankr. D. N.J.
Case No. 11-14295) on Feb. 15, 2011.  Kenneth Rosen, Esq., at
Lowenstein Sandler, serves as the Debtor's bankruptcy counsel.
The Debtor estimated its assets and debts at $50 million to
$100 million.

As of the petition date, the Debtor owed $57,245,372 to AFP
pursuant to a Loan Agreement dated April 25, 2006, as amended from
time to time, entered into by and between the Debtor as borrower
and Barclays Capital Real Estate Inc. as lender.


OGAMDO CAFE: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Ogamdo Cafe & Restaurant, Inc.
        836-844 N. La Brea Avenue
        Los Angeles, CA 90036

Bankruptcy Case No.: 11-47716

Chapter 11 Petition Date: September 2, 2011

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

Debtor's Counsel: Luke Jackson, Esq.
                  LAW OFFICES OF LUKE JACKSON
                  3435 Wilshire Boulevard, Suite 2722
                  Los Angeles, CA 90010
                  Tel: (310) 824-3611
                  Fax: (213) 402-3771
                  E-mail: lukedjackson@gmail.com

Scheduled Assets: $3,008,000

Scheduled Debts: $0

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

The petition was signed by Jun Ho Lee, CEO/owner.


OMEGA NAVIGATION: Creditors Committee Retains Advisors
------------------------------------------------------
BankruptcyData.com reports that Omega Navigation Enterprises'
official committee of unsecured creditors filed with the U.S.
Bankruptcy Court motions to retain

   * Winston & Strawn (Contact: James Donnell) as local counsel at
these hourly rates: partner at $580 to $1130, associate at $350 to
$600 and legal assistant at $150 to $335;

   * Jager Smith (Contact: Bruce F. Smith) as lead counsel at
hourly rates ranging from $125 to $650 and

   * First International (Contact: Paul Slater) as financial
advisor at an hourly rate of $375.

                       About Omega Navigation

Athens, Greece-based Omega Navigation Enterprises Inc. and
affiliates, owner and operator of tankers carrying refined
petroleum products, filed for Chapter 11 protection (Bankr. S.D.
Tex. Lead Case No. 11-35926) on July 8, 2011, in Houston.

Omega is an international provider of marine transportation
services focusing on seaborne transportation of refined petroleum
products.  The Debtors disclosed assets of US$527.6 million and
debt totaling US$359.5 million.  Together, the Debtors wholly own
a fleet of eight high-specification product tankers, with each
vessel owned by a separate debtor entity.

Bracewell & Giuliani LLP serves as counsel to the Debtors.  Seward
& Kissel serves as special counsel.  Jefferies & Company, Inc. is
the financial advisor.


OMEGA NAVIGATION: Case Transferred Back to Judge Karen K. Brown
---------------------------------------------------------------
The Hon. Letitia Z. Paul of the U.S. Bankruptcy Court for the
Southern District of Texas transferred the Chapter 11 cases of
Baytown Navigation Inc., et al., to Judge Karen K. Brown.

The Debtors related that on July 10, 2011, Judge Brown entered an
order of recusal in these cases pursuant to which Judge Brown
stands recused because Judge Brown's spouse is a former partner of
Vinson & Elkins LLP which represents Ernst & Young (Hellas), the
Debtors' proposed auditors.  The Debtors' cases were reassigned to
Judge Paul.

The Debtors had requested that the Court reconsider and then
vacate the entry of the recusal order noting that on Aug. 9, V&E
sent its letter to the Court informing V&E has withdrawn from its
representation of E&Y in connection with these cases.

                      About Omega Navigation

Athens, Greece-based Omega Navigation Enterprises Inc. and
affiliates, owner and operator of tankers carrying refined
petroleum products, filed for Chapter 11 protection (Bankr. S.D.
Tex. Lead Case No. 11-35926) on July 8, 2011, in Houston.

Omega is an international provider of marine transportation
services focusing on seaborne transportation of refined petroleum
products.  The Debtors disclosed assets of US$527.6 million and
debt totaling US$359.5 million.  Together, the Debtors wholly own
a fleet of eight high-specification product tankers, with each
vessel owned by a separate debtor entity.

Bracewell & Giuliani LLP serves as counsel to the Debtors.  Seward
& Kissel serves as special counsel.  Jefferies & Company, Inc. is
the financial advisor.  Debtor-affiliate Baytown Navigation Inc.,
disclosed assets of $56,666,577 and liabilities of $279,392,040.

The official committee of unsecured creditors has tapped Winston &
Strawn as local counsel, Jager Smith as lead counsel, and First
International as financial advisor.


OTERO COUNTY: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Otero County Hospital Association Inc. dba Gerald Champion
Regional Medical Center filed with the U.S. Bankruptcy Court for
the District of New Mexico its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------           ------------      -----------
  A. Real Property               $72,161,424
  B. Personal Property           $52,024,679
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $37,215,303
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $130,000
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $3,161,456
                                ------------     ------------
        TOTAL                   $124,186,104      $40,506,759

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

                   About Otero County Hospital

Otero County Hospital Association Inc. filed for Chapter 11
protection (Bankr. D. N.M. Case No. 11-13686) in Albuquerque, New
Mexico, on Aug. 16, 2011, listing as assets of as much as $500
million and debt of as much as $100 million.  The Alamogordo, New
Mexico-based nonprofit developed and operates the Gerald Champion
Regional Medical Center.  GCRMC serves a total population of
approximately 70,000 people.

Otero County Hospital Association also does business as Mountain
View Catering.

Judge Robert H. Jacobvitz presides over the case. Craig H. Averch,
Esq., and Roberto J. Kampfner, Esq., at White & Case, LLP, in Los
Angeles; and John D. Wheeler, Esq., at John D. Wheeler &
Associates, PC, in Alamogordo, New Mexico, serve as bankruptcy
counsel.  Kurtzman Carson Consultants, LLC, serves as claims
agent.

The petition was signed by William Morgan Hay, chief financial
officer.


OTTER TAIL: Chapter 11 Plan of Liquidation Effective
----------------------------------------------------
BankruptcyData.com reports that Otter Tail Ag Enterprises' Third
Amended Chapter 11 Plan of Liquidation became effective, and the
Company emerged from Chapter 11 protection.  The Court confirmed
the Plan on Aug. 12, 2011.

In a report by Bill Rochelle, the bankruptcy columnist for
Bloomberg News, last month, Green Plains Renewable Energy Inc.
bought the Debtor's ethanol plant for a base price of $55 million
cash and total consideration of $60.1 million including $4.4
million for inventory.  The sale fully paid about $54 million in
secured debt, leaving a municipal bond trustee and the county with
about $12.2 million in deficiency claims for infrastructure
improvements.  Other general unsecured claims amount to some
$435,000, the disclosure statement said.

Mr. Rochelle disclosed that, according to the disclosure
statement, there will be about $2.5 million cash remaining for
distribution after expenses are paid, the disclosure statement
said.  Before the sale, Otter Tail negotiated a consensual
reorganization plan with most of its larger creditors.
The plan didn't fly because the company was unable to raise the
required $12.5 million in equity.

                        About Otter Tail AG

Based in Fergus Falls, Minnesota, Otter Tail AG Enterprises, LLC
-- http://www.ottertailethanol.com/-- owned and operated a
nameplate capacity 55 million gallon annual production plant of
undenatured ethanol in Fergus Falls, Minnesota.  The Company
processes approximately 20 million bushels of corn into
approximately 55 million gallons of ethanol each year.  In
addition, the Company sells distillers grains, a principal
co-product of the ethanol production process.

The Company filed for Chapter 11 protection on Oct. 30, 2009
(Bankr. D. Minn. Case No. 09-61250).  Attorneys at Mackall,
Crounse & Moore, PLC, represent the Debtor in the Chapter 11 case.
Carl Marks Advisory Group LLC is the financial advisor.

The Debtor disclosed assets of $66.4 million against $86 million
in debt, nearly all secured, in its schedules.  The largest
secured creditor is AgStar Financial Services, owed $40.9 million.


PATIO MARKET: Court Wants Plan Outline Revised
----------------------------------------------
Bankruptcy Judge Thomas J. Tucker declined to approve the
disclosure statement explaining Patio Market, Inc.'s Combined
Disclosure Statement and Plan of Reorganization filed Aug. 31,
2011, citing a list of problems that the Debtor must correct.
Among other things, the Court said that with respect to the
secured claims of the Wayne County/Charter Township of Brownstown;
Advance-Me, Inc.; Alliance Financial LLC; and Charter One, the
Debtor must state the amount of the claim; the property securing
the claim (if real estate, the full address, including city and
state); and the fair market value of the property securing the
claim.  These things must be stated in the Plan and Disclosure
Statement, not just in the Liquidation Analysis.  The amendments
were due Sept. 6.  A copy of the Court's Sept. 1, 2011 Order is
available at http://is.gd/x9CsLKfrom Leagle.com.

Rockwood, Michigan-based Patio Market, Inc., filed for Chapter 11
bankruptcy (Bankr. E.D. Mich. Case No. 11-52851) on May 3, 2011.
Robert N. Bassel, Esq. -- bbassel@gmail.com -- served as the
Debtor's counsel.  In its petition, the Debtor estimated $500,001
to $1 million in assets and $1 million to $10 million in debts.
The petition was signed by George Shammas, president.


PERKINS & MARIE: Files Amended Chapter 11 Plan of Reorganization
----------------------------------------------------------------
BankruptcyData.com reports that Perkins & Marie Callender's filed
with the U.S. Bankruptcy Court an Amended Chapter 11 Plan of
Reorganization and First Amended Disclosure Statement.

According to the Disclosure Statement, "Solely for purposes of the
Plan, the estimated range of reorganization value from operations
of the Reorganized Debtors is assumed to be approximately $161
million to $208 million, with an approximate mean value of $177
million, as of an assumed emergence date of November 15, 2011. The
estimated range of the reorganization value from operations of the
Reorganized Debtors does not include any value for tax attributes
that may or may not be available in the future. Based upon the
assumed range of the reorganization value from operations of the
Reorganized Debtors of $161 million to $208 million and an assumed
total funded debt amount of approximately $118.3 million, Whitby
Santarlasci has determined an imputed estimate of the range of
equity value for the Reorganized Debtors of between $43 million
and $90 million, with an approximate mean value of $59 million."

The Court scheduled an Oct. 31, 2011, confirmation hearing.

                 About Perkins & Marie Callender's

Based in Memphis, Tennessee, Perkins & Marie Callender's Inc., fka
The Restaurant Company, is the owner or franchiser of nearly 600
family-dining restaurants, the Perkins Restaurants and Marie
Callender's.  Perkins & Marie and several affiliates filed for
Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-11795) on
June 13, 2011.  Perkins & Marie disclosed $290 million in assets
and $441 million in debt as of the Chapter 11 filing.

Judge Kevin Gross presides over the case.  Robert S. Brady, Esq.,
and Robert F. Poppiti, Jr., Esq., at Young, Conaway, Stargatt &
Taylor, LLP; and Mitchel H. Perkiel, Esq., Hollace T. Cohen, Esq.,
and Brett D. Goodman, Esq., at Troutman Sanders, LLP, serve as
bankruptcy counsel.  The Debtors' financial advisors are Whitby,
Santarlasci & Company.  Their claims agent is Omni Management
Group, LLC.  Deloitte Tax LLPserves  as tax services provider.

DIP lender Wells Fargo is represented by lawyers at Paul,
Hastings, Janofsky & Walker LLP.

Roberta A. Deangelis, U.S. Trustee for Region 3, appointed seven
unsecured creditors to serve on the Official Committee of
Unsecured Creditors in the Debtors' cases.  Ropes & Gray LLP
represents the Committee.


PERKINS & MARIE: Hires Deloitte LLP as Tax Services Provider
------------------------------------------------------------
Perkins & Marie Callender's Inc., fka The Restaurant Company,
seeks permission from the U.S. Bankruptcy Court for the District
of Delaware to employ and retain Deloitte Tax LLP as tax services
provider.

Upon retention, the firm, will supplement the scope of their
services under the original engagement letter to provide Debtors
with the additional tax services.  Specifically, Deloitte Tax will
review and sign the federal income tax return of P&MC's Real
Estate Holding LLC and its subsidiaries and/or affiliates.

The review procedures that Deloitte Tax will perform in connection
with the Additional Tax Services are limited to:

   -- reference and reconcile taxable income and the balance sheet
      reported in the returns to the income and balance sheet
      reported by Client on Client's financial statements.

   -- compare prior year return with current year return.

   -- read supporting statements and schedules.

To the best of the Debtor's knowledge, (a) Deloitte Tax is a
"disinterested person" within the meaning of section 101(14) and
as required by Section 327(a) and referenced by Section 328(C) of
the Bankruptcy Code, and hold no interest adverse to the Debtors
and their estates for the matters for which Deloitte Tax is to be
employed, and (b) Deloitte Tax does not have any connection to the
Debtors, their major creditors, equity holders, attorneys or to
their professionals (other than ordinary professional
connections), or any other parties-in-interest with significant
relationship with the Debtors.

The Deloitte Tax fees and expenses for the review of the tax
returns, other than for services related to assessing the
applicability of the reportable transaction provisions and
procedures relates to Scheduled UPT, are $24,000.  Deloitte Tax
will bill 50% of the fees for the Services referred to above upon
commencement of the Services, and the remainder will be billed as
the Services progress.

                  About Perkins & Marie Callender's

Based in Memphis, Tennessee, Perkins & Marie Callender's Inc., fka
The Restaurant Company, is the owner or franchiser of nearly 600
family-dining restaurants, the Perkins Restaurants and Marie
Callender's.  Perkins & Marie and several affiliates filed for
Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-11795) on
June 13, 2011.  Perkins & Marie disclosed $290 million in assets
and $441 million in debt as of the Chapter 11 filing.

Judge Kevin Gross presides over the case.  Robert S. Brady, Esq.,
and Robert F. Poppiti, Jr., Esq., at Young, Conaway, Stargatt &
Taylor, LLP; and Mitchel H. Perkiel, Esq., Hollace T. Cohen, Esq.,
and Brett D. Goodman, Esq., at Troutman Sanders, LLP, serve as
bankruptcy counsel.  The Debtors' financial advisors are Whitby,
Santarlasci & Company.  Their claims agent is Omni Management
Group, LLC.  Deloitte Tax LLPserves  as tax services provider.

DIP lender Wells Fargo is represented by lawyers at Paul,
Hastings, Janofsky & Walker LLP.

Roberta A. Deangelis, U.S. Trustee for Region 3, appointed seven
unsecured creditors to serve on the Official Committee of
Unsecured Creditors in the Debtors' cases.  Ropes & Gray LLP
represents the Committee.


PETTERS GROUP: 8th Cir. Says Suit Not Barred by Receivership Order
------------------------------------------------------------------
Ritchie Capital Management, L.L.C.; Ritchie Special Credit
Investments, Ltd.; Rhone Holdings II, Ltd.; Yorkville Investments,
I, LLC; and Ritchie Capital Structure Arbitrage Trading, Ltd.,
Appellants, v. Mary Jeffries and Camille Chee-Awai, Appellees, No.
10-2568 (8th Cir.), represents a fallout from a $3.65 billion
Ponzi scheme perpetrated by Minnesota businessman Thomas J.
Petters. Ritchie Capital Management, LLC, and the other appellants
are investment funds who, like other creditors of Petters and his
companies, incurred substantial losses as a result of
participating in Petters' investment scheme.  Neither Petters nor
his companies are named as defendants in the action, however.
Instead, Ritchie is suing two officers of Petters' companies, Mary
Jeffries and Camille Chee-Awai, alleging they assisted Petters in
getting Ritchie to loan over $100 million to Petters Group
Worldwide, LLC, by representing the loans would be adequately
secured by the assets of the Polaroid Corporation.  Ritchie's
five-count complaint alleges violations of the Racketeer
Influenced and Corrupt Organizations Act, 18 U.S.C. Sec. 1962(a),
(c)-(d), common law fraud, and tortious interference with the
contract.

The omission of Petters and his companies from the case caption is
not accidental.  They were placed in the receivership proceedings,
which are still ongoing in the District of Minnesota, and the
receivership court prohibited commencement of any new actions
"interfer[ing] with the exclusive jurisdiction of [the
receivership court] over the assets or documents of Defendants,"
absent leave of the court.  Ritchie thought it could bypass this
anti-suit injunction if it sued other individuals who, it alleged,
were actively involved in the fraud.  The district court
disagreed, and dismissed Ritchie's case on account of the
receivership court's anti-suit injunction.

In a Sept. 6, 2011 decision, the U.S. Court of Appeals for the
Eighth Circuit held that the district court erred in concluding
Ritchie's action was barred by the Receivership Order.  According
to Circuit Judge Kermit Edward Bye, considered on a textual level,
the order did not bar all actions that merely called for
interpretation of documents in the receiver's possession unless
this exercise ultimately threatened the receivership assets.  Nor
did the receivership court have the power to cast its anti-suit
injunction net that broadly because its equitable powers were
circumscribed by its duty to protect the receivership assets.  The
Eighth Circuit also rejected Jeffries's and Chee-Awai's
alternative argument challenging the sufficiency of Ritchie's
pleadings in the common law fraud count.  The appellate court
declined to address their arguments related to abstention, lack of
causation, and absolute privilege.  Accordingly, the Eighth
Circuit reversed the judgment of the district court and remanded
for further proceedings.

The appellate panel consists of Circuit Judges Bye, Roger Leland
Wollman, and Bobby E. Shepherd.  A copy of the decision is
available at http://is.gd/IE9rMFfrom Leagle.com.

                        About Petters Group

Over many years, Thomas Petters used various wholly owned, special
purpose entities, including Minnetonka, Minn.-based Petters
Company Inc. -- PCI -- Petters Group Worldwide LLC -- PGW -- and
PAC Funding LLC -- PAC Funding -- to carry out a fraudulent
investment scheme.  PCI obtained capital for the Petters
enterprises on its own account and by using the special purpose
entities to obtain billions of dollars of funding. Petters and his
entities led investor-lenders to believe that their loans were
being used to purchase electronics and other merchandise from
wholesalers to be resold to "big box" retailers.  The loans were
purportedly secured by purchase orders.  But the merchandise and
inventory supposedly being bought with the investors' funds were
nonexistent, and the purchase orders and related documents that
were supposed to serve as security were fabricated. As in the
prototypical Ponzi scheme, investors were not repaid with earnings
from their investments, but instead with funds Petters obtained
from other investors.  In addition, Petters used investor funds to
purchase the well-known Polaroid camera brand in 2005.

On Sept. 24, 2008, the FBI and other federal agencies executed
search warrants at multiple locations and seized records of
Petters, PCI, PGW and other Petters entities.  On Oct. 3, 2008,
Petters was arrested. He was charged with and found guilty of
numerous federal criminal offenses and was sentenced to 50 years
in prison.

At the time the PCI case was filed it was the largest Ponzi
scheme.  It has since been eclipsed by the Bernard Madoff
investment case currently pending in the Bankruptcy Court for the
Southern District of New York.

               Federal Receivership and Bankruptcies

On Oct. 2, 2008, the United States Government filed a complaint
pursuant to 18 U.S.C. Sec. 1345 and sought an asset freeze and
receivership for the benefit of the victims of the Petters fraud.
On Oct. 6, 2008, Judge Ann D. Montgomery of the United States
District Court for the District of Minnesota, in United States v.
Thomas Joseph Petters, et al., Civil Case No. 08-05248, appointed
Douglas A. Kelley as the receiver for Petters, PCI and PGW, as
well as entities 100% owned or controlled by them.

PCI, PGW, and PAC Funding were all receivership entities at one
time. The receivership court specifically granted Kelley authority
to file bankruptcy petitions for any of the receivership entities
to protect and preserve their assets. In October 2008 Kelley filed
Chapter 11 bankruptcy petitions for PCI, PGW, PAC Funding, and
several other Petters entities. These cases have been consolidated
for purposes of joint administration under In re Petters Company,
Inc., et al., Case No. 08-45257, and Kelley was appointed as the
trustee in all of these cases.  An Official Committee of Unsecured
Creditors was also appointed and has been actively involved in the
PCI Bankruptcy Cases.  The PCI Bankruptcy Cases are pending before
Judge Gregory F. Kishel of the United States Bankruptcy Court for
the District of Minnesota.

Judge Kishel also presides over the related bankruptcy cases of
PBE Corporation and PBE Consumer Electronics, LLC, formerly known
as Polaroid Corporation and Polaroid Consumer Electronics, LLC.
The Polaroid Bankruptcy Cases were commenced in December 2008 and
operated as Chapter 11 debtors-in-possession. They were jointly
administered under In re Polaroid Corporation, et al., Case No.
08-46617, and in April 2009, substantially all of Polaroid's
assets were sold pursuant to 11 U.S.C. Sec. 363, generating
approximately $87 million for the Polaroid Bankruptcy Estates.
The Polaroid Bankruptcy Cases were voluntarily converted to
Chapter 7 on Sept. 1, 2009.  John R. Stoebner was appointed as the
Chapter 7 trustee of the Polaroid Bankruptcy Estates.

Petters Aviation, LLC and its wholly-owned subsidiary, Elite
Landings, LLC, were initially excluded from the Receivership, but
they ultimately filed voluntary petitions for relief under Chapter
11 of the Bankruptcy Code.  Judge Robert J. Kressel of the United
States Bankruptcy Court for the District of Minnesota presides
over these cases; they are captioned In re Petters Aviation, LLC,
No. 08-45136 and In re Elite Landings, LLC, Case No. 08-45210.


PIEDMONT HOUSING: Case Summary & 8 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Piedmont Housing Associates, Inc.
        6114 LaSalle Avenue, #471
        Oakland, CA 94611

Bankruptcy Case No.: 11-49541

Chapter 11 Petition Date: September 2, 2011

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

Judge: William J. Lafferty

Debtor's Counsel: Julian K. Bach, Esq.
                  LAW OFFICE OF JULIAN BACH
                  17011 Beach Boulevard, # 300
                  Huntington Beach, CA 92647
                  Tel: (714) 848-5085
                  E-mail: Julian@JBachlaw.com

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

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

A list of the Company's eight largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/canb11-49541.pdf

The petition was signed by Graham Seel, vice president.


PLAZA INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Plaza International Restaurant, Inc
        405 E. Strawbridge Avenue
        Melbourne, FL 32901

Bankruptcy Case No.: 11-13459

Chapter 11 Petition Date: September 2, 2011

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

Judge: Karen S. Jennemann

Debtor's Counsel: Frank M. Wolff, Esq.
                  WOLFF HILL MCFARLIN & HERRON PA
                  1851 West Colonial Drive
                  Orlando, FL 32804
                  Tel: (407) 648-0058
                  Fax: (407) 648-0681
                  E-mail: fwolff@whmh.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/flmb11-13459.pdf

The petition was signed by James C. White, II, president.


REHOBOTH HOSPITALITY: Case Summary & Creditors List
---------------------------------------------------
Debtor: Rehoboth Hospitality, LP
          dba Logos Plaza Hotel
        8106 Castor Avenue
        Philadelphia, PA 19152

Bankruptcy Case No.: 11-12798

Chapter 11 Petition Date: September 5, 2011

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

Debtor's Counsel: Elihu Ezekiel Allinson, III, Esq.
                  SULLIVAN HAZELTINE ALLINSON LLC
                  901 North Market Street, Suite 1300, Suite 1300
                  Wilmington, DE 19801
                  Tel: (302) 428-8191
                  Fax: (302) 428-8195
                  E-mail: ZAllinson@SHA-LLC.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 18 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/deb11-12798.pdf

The petition was signed by Arasu A. Rajaratnam, manager of
Rehoboth Hospitality, GP, LLC, general partner.


REITTER CORP: Wants Until Sept. 14 to File Amended Plan Outline
---------------------------------------------------------------
Reitter Corporation asks the U.S. Bankruptcy Court for the
District of Puerto Rico to extend until Sept. 14, 2011, its time
to file an amended disclosure statement.

In its request for extension, the Debtor related that CPA
Carrasquillo needs more time in order to conclude its feasibility
report regarding the Debtor's proposed plan of reorganization.
Further, a meeting with Debtor's main creditor, Banco Popular, is
needed in order to try to reach an agreement and file a consensual
plan.

The Debtor had previously received several extensions of the
deadline.  In the latest extension, it was granted until Aug. 31,
2011, to file its amended disclosure statement.

As reported in the Troubled Company Reporter on March 18, the
Debtor filed with the Court a proposed Chapter 11 plan and a
disclosure statement explaining the plan.  Under the plan, Reitter
proposed to make payments to its creditors which primarily consist
of:

  (i) payment of all administrative expenses on the later of the
      effective date of the plan and the date those claims become
      allowed;

(ii) monthly payment of 100% of all allowed priority tax claims
      to be made within the sixth year of the date of assessment
      of each particular claim;

(iii) payment of 100% of all claims from holders of executory
      contracts that are being assumed by Reitter;

(iv) payment of approximately 2.8% of allowed unsecured claims
      in 60 monthly payments to begin 30 days after the effective
      date of the plan;

Reitter will also continue to pay its secured creditor, Banco
Popular, under an agreed upon payment scheme.

The effective date of the proposed plan will be 120 days after an
order confirming the plan is final and unappealable.

                    About Reitter Corporation

San Juan, Puerto Rico-based Reitter Corporation dba Hospital San
Gerardo filed for Chapter 11 protection (Bankr. D. P.R. Case No.
10-07152) on Aug. 6, 2010.  In its schedules, the Debtor disclosed
$20,440,765 in total assets and $17,250,033 in total debts.
Alexis Fuentes-Hernandez, Esq., at Fuentes Law Offices, in San
Juan, P.R., represents the Debtor as counsel.


RIVER EAST: Stay Lifted on Asset; Trustee Wants Case Dismissal
--------------------------------------------------------------
Patrick S. Layng, the United States Trustee for Region 10, asks
the U.S. Bankruptcy Court for the Northern District of Illinois to
dismiss River East Plaza, LLC's Chapter 11 case.

The U.S. Trustee relates that on Aug. 9, 2011, the stay was lifted
on the Debtor's principal asset.  As a result, the Debtor has
nothing left to reorganize and there is no reasonable likelihood
of rehabilitation.

In addition, The U.S. Trustee states that the Debtor has not paid
its second quarter U.S. Trustee quarterly fees of $4,875.

The U.S. Trustee is represented by:

         Cameron M. Gulden, Esq.
         Office of the United States Trustee
         219 South Dearborn Street, Room 873
         Chicago, IL 60604
         Tel: (312) 886-2614

Chicago, Illinois-based River East Plaza, LLC, filed for Chapter
11 bankruptcy protection on Feb. 10, 2011 (Bankr. N.D. Ill.
Case No. 11-05141).  Michael E. Gosman, Esq., at Whyte Hirschboeck
Dudek S.C., serves as the Debtor's bankruptcy counsel.  The Debtor
disclosed $19,410,255 in assets and $45,268,651 in liabilities as
of the Chapter 11 filing.


RIVER EAST: LNV Wants Request for Plan Voting Extension Denied
--------------------------------------------------------------
Secured lender mortgage lien creditor LNV Corporation asks the
U.S. Bankruptcy Court for the Northern District of Illinois to
deny River East Plaza, LLC's request to extend until Oct. 24,
2011, its exclusive period to solicit acceptances of the proposed
plan of reorganization.

The Debtor's exclusive solicitation period expired on Aug. 9.

According to LNV Corp., the Court granted LNV Corp.'s motion to
lift the stay on the ground that the Debtor had not filed a plan
that had a reasonable prospect of being confirmed, and the U.S.
Trustee filed a motion to dismiss the case.

LNV Corp. also notes that the Debtor's  exclusive period to
solicit the Debtor's plan serves no purpose.  The Debtor, LNV
Corp. adds, cannot show requisite cause for the requested
extension and must be denied as moot.

LNV Corporation is represented by:

         Mark A. Berkoff, Esq.
         Nicholas M. Miller, Esq.
         Kevin G. Schneider, Esq.
         NEAL GERBER & EISENBERG LLP
         Two North LaSalle Street, Suite 1700
         Chicago, IL 60602-3801
         Tel: (312) 269-8000
         Fax: (312) 269-1747

Chicago, Illinois-based River East Plaza, LLC, filed for Chapter
11 bankruptcy protection on Feb. 10, 2011 (Bankr. N.D. Ill.
Case No. 11-05141).  Michael E. Gosman, Esq., at Whyte Hirschboeck
Dudek S.C., serves as the Debtor's bankruptcy counsel.  The Debtor
disclosed $19,410,255 in assets and $45,268,651 in liabilities as
of the Chapter 11 filing.


RUMSEY LAND: Wants Court to Dismiss Chapter 11 Case
---------------------------------------------------
Rumsey Land Co. LLC asks the U.S. Bankruptcy Court for the
District of Colorado to dismiss its Chapter 11 case.

According to the Debtor, the transfer of its assets to Pueblo Bank
and Trust will not yield any proceeds to transfer to creditors.
The Debtor says it has no source of income.  The Debtor notes it
has about $1,633,126 in accounts receivable, comprised primarily
of debt from companies that have an affiliation with the Debtor.

The Debtor says, in December 2011, it sold certain parcel of its
property to Confluence Resources Holding LLC, who made the highest
offer at $8.6 million.  However, Confluence stated that it was not
proceeding to closing; Thus, all of the assets will be transferred
to Pueblo Bank to its credit bid.

Pueblo Bank is the back up bidder with a credit bid of $5 million.

Denver, Colorado-based Rumsey Land Co., LLC, is a privately held
company owning real property in Elizabeth, Nederland, and Evans,
Colorado with water rights, gravel rights, and additional
interests associated with the Evans Property.  The Company filed
for Chapter 11 bankruptcy protection (Bankr. D. Colo. Case No.
10-10691) on Jan. 15, 2010.  Aaron A. Garber, Esq., Benjamin H.
Shloss, Esq., and Lee M. Kutner, Esq., at Kutner Miller
Brinen,P.C., in Denver, Colorado, assist the Company in its
restructuring effort.  The Company estimated $10 million to
$50 million in assets and liabilities as of the Chapter 11 filing.


SEDONA DEVELOPMENT: DREP Wants Court to Deny Confirmation of Plan
-----------------------------------------------------------------
Don H. Davis, Jr., Lute Riley, Hans Epprecht, Stephen Perry ask
the U.S. Bankruptcy Court for the District of Arizona to deny the
confirmation Sedona Development Partners, LLC and The Club At
Seven Canyons, LLC's Second Amended Joint Plan of Reorganization.

According to DREP, the Debtors have ignored the rights of the
holders of memberships in the Seven Canyon Golf Club and
purchasers of fractional interests in The Villas at Seven Canyons.

Since the filing, DREP add that the Debtors have made no attempts
to construct the permanent clubhouse promised in the membership
documents.  Moreover, the Plan does not provide for the
reorganized Debtors to comply with the membership documents and
build a permanent clubhouse.

DREP note that while the failure to recognize claims, and bribing
an impaired class may be good for the Debtors' equity holders who
intend to retain their interests in the reorganized debtor, there
is no group of legitimate creditors that benefit from the Plan and
the Debtors disregard of legitimate creditor claims.

As reported in the Troubled Company Reporter on June 28, 2011, the
Debtor filed with the Court on June 17, 2011, a second amended
joint disclosure statement in support of their second amended
joint pan of reorganization."

This second amended joint disclosure statement specifically
address the objections of the Davis Group and Specialty regarding
the disclosure statement.  The Court has approved the Disclosure
Statement for dissemination to creditors.

A copy of the Second Amended Disclosure Statement is available at:

      http://bankrupt.com/misc/sedona.2ndamendedjointDS.pdf

As reported in the TCR on May 24, 2011, Don H. Davis, Jr., Lute
Riley, and Hans Epprecht objected to the Debtors' amended
disclosure statement because it fails to provide adequate
information.  The Debtors' Plan purports to impact over
$100 million dollars in creditor claims, yet maintains the very
management that steered this ship into the bankruptcy iceberg.
In light of the extremely large amount of debt and number of
claimants, and the relatively small asserted value of the Debtors'
remaining assets, substantial additional disclosures are
warranted.  Moreover, where the Debtors purport to substantively
consolidate their assets and liabilities through the Plan, simple
explanations that "management was not at fault for the bankruptcy
filings" and that "funds were commingled" are woefully
insufficient to provide creditors with adequate information to
cast the votes on the Plan.  Finally, no Disclosure Statement can
be approved until the accounting of the use of the over
$200 million that flowed through the Debtors since the beginning
of the Seven Canyon project and the related party payments, is
created and reviewed.

DREP is represented by:

         Paul Sala, Esq.
         Leslie R. Hendrix, Esq.
         ALLEN, SALA & BAYNE, PLC
         1850 N. Central Ave., Suite 1150
         Phoenix, AR 85004
         Tel: (602) 256-6000
         Fax: (602) 252-4712
         E-mails: psala@asbazlaw.com
                  lhendrix@asbazlaw.com

                About Sedona Development Partners

Sedona Development Partners owns an 18-hole golf course and
related properties, including luxury villas, a practice park,
range house, tennis courts and related facilities in Sedona,
Arizona, known generally as Seven Canyons.  The Club at Seven
Canyons, LLC, operates the golf course and related facilities for
SDP.  SDP is the manager and sole member of the Club.

Sedona Development Partners filed for Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Case No. 10-16711) on May 27, 2010.
The Club At Seven Canyons filed a separate Chapter 11 petition
(Bankr. D. Ariz. Case No. 10-16714).  John J. Hebert, Esq., Philip
R. Rudd, Esq., and Wesley D. Ray, Es., at Polsinelli Shughart PC,
in Phoenix, Ariz., assist the Debtors in their restructuring
efforts.  Lender Specialty Trust is represented by Joseph E.
Cotterman, Esq., and Nathan W. Blackburn, Esq., at Gallagher &
Kennedy, P.A.  Sedona disclosed $29,171,168 in assets and
$121,679,994 in liabilities.


SHENGDATECH INC: Judge Grants Injunction Against Former Chief
-------------------------------------------------------------
Dow Jones' DBR Small Cap reports that facing trouble in
investigating their own company's finances, ShengdaTech Inc.
executives got a preliminary injunction against former Chief
Executive Xiangzhi Chen and other shareholders who are accused of
throwing off their inquiry into the Chinese manufacturer's books.

                      About Shengdatech Inc.

Headquartered in Shanghai, China, ShengdaTech, Inc., makes nano
precipitated calcium carbonate for the tire industry.
ShengdaTech converts limestone into nano-precipitated calcium
carbonate (NPCC) using its proprietary and patent-protected
technology.  NPCC products are increasingly used in tires, paper,
paints, building materials, and other chemical products.  In
addition to its broad customer base in China, the Company
currently exports to Singapore, Thailand, South Korea, Malaysia,
India, Latvia and Italy.

ShengdaTech Inc. sought Chapter 11 bankruptcy protection from
creditors (Bankr. D. Nev. Case No. 11-52649) on Aug. 19, 2011, in
Reno, Nevada, in the United States.

The Shanghai-China based company said in its bankruptcy filing it
would fire all of its officers and restructure to try to recover
from an accounting scandal.

The Company disclosed US$295.4 million in assets and US$180.9
million in debt as of Sept. 30, 2011.

The Company's legal representative in its Chapter 11 case is
Greenberg Traurig, LLP.  The Board of Directors Special
Committee's legal representative is Skadden, Arps, Slate, Meagher
& Flom LLP.


SHENGDATECH INC: Asks Until Oct. 3 to File Schedules
----------------------------------------------------
ShengdaTech, Inc., asks the U.S. Bankruptcy Court for the District
of Nevada to extend until Oct. 3, 2011, the time within which it
must file its bankruptcy schedules and statements of financial
affairs.

Among other things, Debtor discloses that its records are
maintained in China and, to date, access has been restricted.
However, the Debtor believes it will be be able to gather the
necessary information to complete the schedules and statements of
financial affairs by Oct. 3, 2011, which is 14 days prior to the
initial meeting of the creditors.

                         About ShengdaTech

Headquartered in Shanghai, China, ShengdaTech, Inc., makes nano
precipitated calcium carbonate for the tire industry.
ShengdaTech converts limestone into nano-precipitated calcium
carbonate (NPCC) using its proprietary and patent-protected
technology.  NPCC products are increasingly used in tires, paper,
paints, building materials, and other chemical products.  In
addition to its broad customer base in China, the Company
currently exports to Singapore, Thailand, South Korea, Malaysia,
India, Latvia and Italy.

ShengdaTech Inc. sought Chapter 11 bankruptcy protection from
creditors (Bankr. D. Nev. Case No. 11-52649) on Aug. 19, 2011, in
Reno, Nevada, in the United States.

The Shanghai-China based company said in its bankruptcy filing it
would fire all of its officers and restructure to try to recover
from an accounting scandal.

The Company disclosed US$295.4 million in assets and US$180.9
million in debt as of Sept. 30, 2011.

The Company's legal representative in its Chapter 11 case is
Greenberg Traurig, LLP.  The Board of Directors Special
Committee's legal representative is Skadden, Arps, Slate, Meagher
& Flom LLP.  On Aug. 23, 2011, the Court entererd an interim order
confirm the Board of Directors Special Committee's appointment of
Michael Kang as the Debtor's chief restructuring officer.


SHRI SAI: Case Summary & 5 Largest Unsecured Creditors
------------------------------------------------------
Debtor: Shri Sai Krupa Meriden, LLC
          dba Quality Inn & Suites
        2090 North Broad Street
        Meriden, CT 06450

Bankruptcy Case No.: 11-32294

Chapter 11 Petition Date: September 2, 2011

Court: U.S. Bankruptcy Court
       District of Connecticut (New Haven)

Judge: Lorraine Murphy Weil

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

Estimated Assets: $0 to $50,000

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

A list of the Company's five largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/ctb11-32294.pdf

The petition was signed by Pinki Bhalka Shah and Mayur Shah,
members.


SIGNATURE STYLES: Panel Has Until Sept. 12 to Challenge Asset Sale
------------------------------------------------------------------
The Hon. Kevin Gross of U.S. Bankruptcy Court for the District of
Delaware extended the challenge deadline of the Official Committee
of Unsecured Creditors in the Chapter 11 cases of Signature Styles
LLC, et al., in relation for the Debtors' sale of substantially
all their assets to Artemis, LLC.  Artemiss is an affiliate of
private equity firm Patriarch Partners, which owned and was the
secured lender to Signature Styles before it filed for bankruptcy
in June of this year.

Pursuant to the agreement among the Debtors, the Committee and
Patriarch Partners LLC, et al., the Court extended the Committee's
challenge period until Sept. 12, 2011, and in the event that the
Court enters an oder authorizing the Debtors to sell assets by
Sept. 12, will be further extended to the date that is one
business day after the closing under the APA.

As reported in the Troubled Company Reporter on Sept. 1, 2011, the
Debtor notified the Court that it did not receive any qualified
competing bids to acquire the company's assets.  Because no
qualified competing bids were received, the September 1st auction
has been canceled.

The Debtor scheduled a Sept. 7 hearing, to seek Court approval to
complete the asset sale contemplated in the stalking horse asset
purchase agreement between Signature Styles and Artemiss, LLC.

                        Objection on Sale

The United States, on behalf of its Department of Defense Army &
Air Force Exchange Service, objects to the Debtor' sale motion,
specifically, to any provisions in the notice and motion which
provide for the assumption and assignments of the agreement or any
of its contracts to the extent the Debtors fail to comply with the
applicable federal law.

The U.S. stated that the Debtors are not entitled to assume and
assign any contract with the U.S. without its consent.

The U.S. reserves the right to object to any proposed assumption
or assignment of any federal interest on any grounds.

The U.S. is represented by Charles M. Oberly, III, Esq.
Ellen W. Slights.

                      About Signature Styles

Signature Styles LLC, owner of the Spiegel catalog, filed a
Chapter 11 petition (Bankr. D. Del. Case No. 11-11733) on June 6,
2011, along with a deal to sell the business to affiliates of the
current owners and lenders.

New York-based Signature Styles, which filed for bankruptcy
together with its affiliates, disclosed assets of $48.6 million
and debt of $867.6 million.  It purchased the Spiegel business for
$21.7 million at a foreclosure sale in June 2009.  Debt includes
$37.2 million owing on a secured term loan and revolving credit.
Unsecured debt totals $35.3 million, which include $9.8 million
owing to trade suppliers and $23.2 million in customer
obligations.  The lenders and owners are funds affiliated with
Patriarch Partners LLC.

Christopher A. Ward, Esq., at Polsinelli Shughart PC, in
Wilmington, Delaware, serves as counsel to the Debtor.  Western
Reserve Partners LLC serves as investment bankers. Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

A fund affiliated with Patriarch Partners LLC has an agreement to
buy the business in return for the assumption of specified debt,
including $30 million owing on the term loan and revolving credit.
The buyer also will honor some customer obligations.  The
stalking-horse purchase agreement requires approval of bidding
procedures by July 7 and approval of a sale by Aug. 4.

Roberta A. Deangelis, United States Trustee for Region 3, under 11
U.S.C. SEC 1102(a) and (b), appointed the following amended
unsecured creditors who are willing to serve on the Official
Committee of Unsecured Creditors of Signature Styles LLC.


STATION CASINOS: Milbank Tweed Bills $36.4MM for Ch. 11 Work
------------------------------------------------------------
These professionals filed with the bankruptcy court their final
applications for fees and reimbursement of expenses:

Professional                 Period         Fees      Expenses
------------               ---------    ----------    --------
Milbank Tweed Hadley &     07/28/09-   $36,418,423  $1,090,420
   McCloy LLP              06/17/11

FTI Consulting, Inc.       08/13/09-    $4,641,799    $293,402
                           06/17/11

Quinn Emanuel Urquhart &   08/20/09-    $2,338,017    $114,749
   Sullivan LLP            08/09/11

Fried Frank Harris         08/19/09-   $10,193,417    $545,718
   Shriver & Jacobson LLP  06/17/11

Moelis & Company LLC       08/13/09-    $5,400,000     $63,333
                           06/17/11

Brown Rudnick LLP          05/02/11-    $1,055,413    $103,223
                           06/10/11

Shea & Carlyon Ltd.        05/01/11-      $158,347      $7,463
                           06/17/11

Oppenheimer & Co. Inc.     04/12/11-    $1,050,000     $59,015
                           07/12/11

Fox Rothschild LLP         04/30/10-      $597,051     $36,681
                           06/17/11

Maupin Cox & Legoy         01/19/10-       $48,895      $1,398
                           10/31/10

Jones Vargas               04/12/11-        $1,016           -
                           06/16/11

Lazard Freres & Co. LLC    07/28/09-   $14,861,290    $300,911
                           08/27/10

FTI Consulting, Inc.       04/12/11-      $160,490      10,413
                           06/17/11

Kirkland & Ellis LLP       04/12/11-    $1,311,483     $81,919
                           06/16/11

Ernst & Young LLP          07/28/09-    $2,958,095      $4,037
                           06/17/11

Campbell & Williams        01/28/10-      $452,290     $24,542
                           03/31/11

Downey Brand LLP           05/04/11-       $64,458      $5,893
                           07/31/11

Gibson Dunn & Crutcher     04/01/11-       $26,836         $68
LLP                        07/31/11

GLC Advisors & Co. LLC     05/06/11-      $300,000      $6,912
                           06/10/11

Lewis and Roca LLP         07/28/09-      $737,850     $78,820
                           06/17/11

Fox Rothschild subsequently filed a supplement to its final fee
application pursuant to which it discloses that the total amount
of fees asked is reduced by $4,143.  The Supplemental Reductions
are in addition to a Court-ordered reductions totaling $16,380
for the first interim fee period and $1,000 for the second
interim fee period, for total Court reductions amounting $17,380.
Additionally, Fox Rothschild notes that it took voluntary
reductions amounting $972 in the third interim fee period, and
$3,903 during the fourth interim fee period for a total voluntary
reduction aggregating $4,876.  The Court Ordered Reductions and
Fox Voluntary Reductions, together with the Supplemental
Reductions represent total reductions amounting $26,399
throughout the bankruptcy proceedings.

The Court has approved the Final Fee Applications of these
professionals:

  -- Campbell and Williams;
  -- Fox Rothschild;
  -- FTI Consulting;
  -- Squire Sanders & Dempsey (US) LLP;
  -- Odyssey Capital Group LLC;
  -- Maupin Cox & Legoy; and
  -- Moelis & Company.

                       About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 protection on July 28, 2009 (Bankr. D. Nev. Case No.
09-52477).  Milbank, Tweed, Hadley & McCloy LLP serves as legal
counsel in the Chapter 11 case; Brownstein Hyatt Farber Schreck,
LLP, as regulatory counsel; and Lewis and Roca LLP is local
counsel.  Lazard Freres & Co. LLC is investment banker and
financial advisor.  Kurtzman Carson Consultants LLC is the claims
and noticing agent.  Brad E. Scheler, Esq., and Bonnie Steingart,
Esq., at Fried, Frank, Shriver, Harris & Jacobson LLP, in New
York, serve as counsel to the Official Committee of Unsecured
Creditors.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

Green Valley Ranch Gaming, LLC and thirty other affiliates of
Station Casinos Inc. sought bankruptcy protection under Chapter 11
protection on April 12, 2011.  First to file among the April 12
Debtors was Auburn Development, LLC (Bankr. D. Nev. Case No. 11-
51188).  The April 12 Debtors filed a prepackaged plan of
reorganization together with their Chapter 11 petitions to
reorganize debts and consummate the sale of the Green Valley Ranch
Resort, Spa & Casino to a group of buyers led by the Fertitta
family.

Bankruptcy Creditors' Service, Inc., publishes Station Casinos
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Station Casinos Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)a


STATION CASINOS: Fee Examiner Gets $45,000 Reduction in Fees
------------------------------------------------------------
Nancy B. Rapoport, the Court-appointed fee examiner, tells the
Court that she has reviewed these professionals' fees from the
first fee application through the final fee application:

                             Voluntary
  Professional              Reductions    Recommendation
  ------------              ----------    --------------
  Campbell & Williams           $3,000    Approve with reduction
  Fox Rothschild                $4,143    Approve with reduction
  FTI-CMBS                        $647    Approve with reduction
  Lazard                       $25,000    Approve with reduction
  Maupin Cox                       $93    Approve with reduction
  Moelis                       $13,241    Approve with reduction
  Odyssey                          n/a    Approve
  Squire Sanders                   n/a    Approve

Ms. Rapoport relates that she has not yet completed her review on
these professionals but hopes to complete her task before
September 19, 2011:

  -- Ernst & Young;
  -- Fried Frank;
  -- FTI-Debtors;
  -- Gibson Dunn & Crutcher;
  -- Lewis & Roca;
  -- Milbank;
  -- Quinn Emanuel;
  -- Sierra; and
  -- Shea & Carlyon.

A copy of the Fee Examiner's first report is available for free
at http://bankrupt.com/misc/SCIFExmRprt1.pdf

                       About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 protection on July 28, 2009 (Bankr. D. Nev. Case No.
09-52477).  Milbank, Tweed, Hadley & McCloy LLP serves as legal
counsel in the Chapter 11 case; Brownstein Hyatt Farber Schreck,
LLP, as regulatory counsel; and Lewis and Roca LLP is local
counsel.  Lazard Freres & Co. LLC is investment banker and
financial advisor.  Kurtzman Carson Consultants LLC is the claims
and noticing agent.  Brad E. Scheler, Esq., and Bonnie Steingart,
Esq., at Fried, Frank, Shriver, Harris & Jacobson LLP, in New
York, serve as counsel to the Official Committee of Unsecured
Creditors.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

Green Valley Ranch Gaming, LLC and thirty other affiliates of
Station Casinos Inc. sought bankruptcy protection under Chapter 11
protection on April 12, 2011.  First to file among the April 12
Debtors was Auburn Development, LLC (Bankr. D. Nev. Case No. 11-
51188).  The April 12 Debtors filed a prepackaged plan of
reorganization together with their Chapter 11 petitions to
reorganize debts and consummate the sale of the Green Valley Ranch
Resort, Spa & Casino to a group of buyers led by the Fertitta
family.

Bankruptcy Creditors' Service, Inc., publishes Station Casinos
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Station Casinos Inc. and its debtor-affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)a


SUNOCO INC: Sale Plan Won't Affect Fitch Ratings & Outlook
----------------------------------------------------------
Sunoco, Inc.'s (SUN) announcement that it intends to sell or idle
its remaining refining capacity, including the Philadelphia and
Marcus Hook, PA refineries by July 2012, is not expected to impact
the company's ratings or outlook at this time.  However, Fitch
notes the company may require a waiver for the tangible net worth
covenant associated with its $1.22 billion unsecured revolver
(maturing August 2012), as the $1.9 billion-$2.2 billion pre-tax
non-cash impairment Sunoco will take linked to the announcement
exceeds current headroom on the covenant.

Fitch anticipates the company will receive a waiver, but notes
that Sunoco's current liquidity remains ample, and could easily be
used to refinance the $115 million of LoCs outstanding on its
revolver at June 30, 2011 to avoid any cross default issues in the
unlikely event a waiver is not given.  Liquidity includes cash
balances of approximately $1.47 billion at June 30, 2011,
supplemented by $775 million from SunCoke spin-off proceeds in the
third quarter, but minus approximately $500 million used for
recent share buybacks.  Sunoco also has full availability of $250
million on its A/R securitization facility.

Sunoco's announcement continues a pattern of restructuring as the
company accelerates its transition from a manufacturing-centered
business model to a distribution-centered business model.
Following the March 1 sale of the 170,000 barrels per day (bpd)
Toledo refinery to a subsidiary of PBF Holding Company, Sunoco's
total refining capacity stood at just 505,000 bpd, a little over
half of the 910,000 bpd capacity it had a few years ago.

On July 21, 2011, Fitch downgraded the long-term Issuer Default
Rating (IDR) and other ratings of Sunoco, Inc. (NYSE: SUN) to
'BB+' from 'BBB-' following the recent completion of the SunCoke
IPO.  The main catalysts for the downgrade included: reduced
business diversification at Sunoco following the SunCoke spin-off
and disposition of additional Sunoco refining and chemical assets;
increased structural subordination of debt at the parent level to
debt at Sunoco Logistics Partners L.P (SXL; rated 'BBB', with a
Stable Outlook by Fitch); and failure to significantly de-lever at
the Sunoco level following the spin-off.

Fitch currently rates Sunoco as follows:

  -- Issuer Default Rating (IDR) 'BB+';
  -- Senior unsecured revolver and notes 'BB+';
  -- Subordinated notes 'BB';
  -- Commercial paper 'B';
  -- Short-term IDR 'B'.

The Ratings Outlook is Stable.


SUNOCO INC: S&P Puts 'BB+' Corp. Credit Rating on Watch Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on Sunoco
Inc., including its 'BB+' corporate credit rating, on CreditWatch
with negative implications. "The CreditWatch listing indicates
that we could either lower or affirm the ratings upon completion
of our review. Sunoco had approximately $2.5 billion of
consolidated debt outstanding as of June 30, 2011," S&P related.

"The CreditWatch listing follows Sunoco's announcement that it
plans to divest or shut down its remaining refining assets by July
2012 and that it plans to undertake a strategic review of its
remaining assets -- including its large cash balances," said
Standard & Poor's credit analyst Patrick Jeffrey. "We believe
Sunoco's exiting of its refining business will result in a more
concentrated and weaker business risk profile. Sunoco's remaining
businesses will consist of an approximate 4,900 retail convenience
store chain and a general partnership and approximate 30%
ownership interest in Sunoco Logistics Partners L.P. from which it
receives cash distributions."

"While the refining business has faced significant operating
challenges and volatile earnings, we have viewed this segment as
still providing diversity to Sunoco's business risk profile and an
additional source of future cash flow. This initiative follows
Sunoco's exiting of its chemicals business and the spin-off of its
SunCoke operations over the past couple of years which have
resulted in a significantly less diverse business profile. We also
believe the company's strategic review creates some uncertainty
related to how Sunoco will utilize its substantial cash balances
($1.5 billion as of June 30, 2011 and further proceeds to Sunoco
of about $770 million related to the SunCoke separation). While we
believe Sunoco will likely consider transactions to grow its
remaining business segments, Sunoco recently announced a $500
million stock repurchase program to be funded with its existing
cash balances. We have viewed the company's strong liquidity and
current financial risk profile as a key strength in the existing
ratings," S&P stated.

"We will meet with management to discuss the impact of these
planned initiatives on the company's business risk and financial
risk profiles. In resolving the CreditWatch listing, we will
evaluate key issues including an assessment of the company's
business risk profile with the exiting of the refining business,
the impact on the company's capital structure, and Sunoco's
future growth initiatives. We would expect to either lower or
affirm our ratings upon completion of our review," S&P noted.


SWADENER INVESTMENT: Disclosure Statement Hearing Set for Sept. 27
------------------------------------------------------------------
Judge Terrence L. Michael of the U.S. Bankruptcy Court for the
Northern District of Oklahoma will convene a hearing on
September 27, 2011, at 11:00 a.m., to consider approval of the
disclosure statement explaining Swadener Investment Properties,
LLC's Chapter 11 Plan of Reorganization.

Objections to the approval of the Disclosure Statement are due
September 22.

The Plan, filed August 15, will be funded by the cash flow
generated from rents paid to the Debtor by tenants of its
commercial office buildings and retail center.

General unsecured claims, totaling more than $500,000, are
impaired under the Plan.  Holders of general unsecured claims will
be paid in 120 monthly installments beginning 30 days after the
effective date of the Plan.

Mark W. Swadener will continue to manage the Debtor and his annual
salary will be $50,000.  He will also act as leasing agent so that
commissions are only limited and payable to the extent of
necessary and outside brokerage services.  Dru Graham will
continue to perform her duties as chief financial officer, and her
annual salary will be $78,897.

The Debtor believes it will have enough cash on hand on the
effective date of the Plan to pay all claims and expenses that are
entitled to be paid on that date.  As of June 30, 2011, there was
$169,980 cash on hand and it is anticipated that the cash on hand
on the effective date of the Plan will be more than $200,000,
which is more than enough to pay those claims and expenses due on
the effective date.

A full-text copy of the Disclosure Statement is available for free
at http://ResearchArchives.com/t/s?76db

                    About Swadener Investment

Tulsa, Oklahoma-based Swadener Investment Properties, LLC, filed
for Chapter 11 bankruptcy protection (Bank. N.D. Okla. Case No.
11-10322) on Feb. 18, 2011.  Scott P. Kirtley, Esq., at Riggs,
Abney, Neal, Turpen, Orbison, serves as the Debtor's bankruptcy
counsel.  The Debtor estimated its assets and debts at $10 million
to $50 million.

Affiliate Pecan Properties, Inc. (Bankr. N.D. Okla. Case No. 11-
10323) filed a separate Chapter 11 petition.


TBS INTERNATIONAL: Reaches Deal With Banks on Payment Deferral
--------------------------------------------------------------
TBS International plc disclosed that, with the agreement of the
requisite lenders under its various financing facilities, it is
not making certain principal payments due on its financing
facilities for the period from September 30, 2011 through
December 15, 2011.  The Company's lender groups will forbear
during this period from exercising their rights and remedies which
arise from the Company's failure to make principal payments when
due and any failure to comply with certain of its financial
covenants.  During this forbearance period, the Company and its
various lender groups will negotiate amendments to restructure the
Company's various financing facilities and cure any existing
defaults.  The Company intends to pay only the stated interest on
its financing facilities during the forbearance period and will
accrue any applicable default interest.

Joseph E. Royce, Chairman, Chief Executive Officer and President,
commented: "The continued weakness in the Baltic Dry Index, or
BDI, the industry indicator for spot dry bulk freight rates,
during the past 12 months has caused the Company and our lenders
to consider the desirability of restructuring our various
financing facilities.  This forbearance agreement provides us with
the time we need to restructure our various agreements."

Ferdinand V. Lepere, Senior Executive Vice President and Chief
Financial Officer, commented: "TBS remains in solid financial
condition, but has concluded that it is prudent to conserve cash
by extending the amortization periods for our various financing
facilities.  During this negotiation period, we will continue to
operate our business as usual, to pay all of our vendors and to
pay the stated interest on our debt.  We are confident that with
the restructuring that we are discussing with our lenders we will
continue to pay all of our lenders, vendors and other creditors in
full."

                   About TBS International plc

Dublin, Ireland-based TBS International plc (NASDAQ: TBSI)
-- http://www.tbsship.com/-- provides worldwide shipping
solutions to a diverse client base of industrial shippers through
its Five Star Service: ocean transportation, projects,
operations, port services and strategic planning.  The TBS
shipping network operates liner, parcel and dry bulk services,
supported by a fleet of multipurpose tweendeckers and
handysize/handymax bulk carriers, including specialized heavy-
lift vessels and newbuild tonnage.  TBS has developed its
franchise around key trade routes between Latin America and
China, Japan and South Korea, as well as select ports in North
America, Africa, the Caribbean and the Middle East.

The Company's balance sheet at March 31, 2011, showed US$681.39
million in total assets, US$406.22 million in total liabilities,
and US$275.17 million in total shareholders' equity.

The Company reported a net loss of US$247.76 million on US$411.83
million of total revenue for the year ended Dec. 31, 2010,
compared with a net loss of US$67.04 million on US$302.51 million
of total revenue during the prior year.

PricewaterhouseCoopers LLP expressed substantial doubt about the
Company's ability to continue as a going concern.  PwC believes
that the Company will not be in compliance with the financial
covenants under its credit facilities during 2011, which under
the agreements would make the debt callable.  According to PwC,
this has created uncertainty regarding the Company's ability to
fulfill its financial commitments as they become due.

As reported in the TCR on Feb. 8, 2011, TBS International on
Jan. 31, 2011, announced that it had entered into amendments to
its credit facilities with all of its lenders, including AIG
Commercial Equipment, Commerzbank AG, Berenberg Bank and Credit
Suisse and syndicates led by Bank of America, N.A., The Royal
Bank of Scotland plc and DVB Group Merchant Bank (the "Credit
Facilities").  The amendments restructure the Company's debt
obligations by revising the principal repayment schedules under
the Credit Facilities, waiving any existing defaults, revising
the financial covenants, including covenants related to the
Company's consolidated leverage ratio, consolidated interest
coverage ratio and minimum cash balance, and modifying other
terms of the Credit Facilities.

The Company currently expects to be in compliance with all
financial covenants and other terms of the amended Credit
Facilities through maturity.

As a condition to the restructuring of the Company's credit
facilities, three significant shareholders who also are key
members of TBS' management agreed on Jan. 25, 2011, to provide up
to US$10 million of new equity in the form of Series B Preference
Shares and deposited funds in an escrow account to facilitate
satisfaction of this obligation.  In partial satisfaction of this
obligation, on Jan. 28, 2011, these significant shareholders
purchased an aggregate of 30,000 of the Company's Series B
Preference Shares at US$100 per share directly from TBS in a
private placement.


TERRESTAR NETWORKS: Elektrobit Object to Ch. 11 Disclosures
-----------------------------------------------------------
Stewart Bishop at Bankruptcy Law360 reports that Elektrobit Inc.
objected to disclosures for TerreStar Corp.'s Chapter 11 plan in
New York bankruptcy court on Friday, arguing that the parent of
the satellite phone maker failed to explain the lopsided influence
stockholders are exerting in the reorganization process.

According to Law360, the Finish engineering company -- one of
TerreStar's largest unsecured creditors -- said the disclosure
statement for the restructuring plan should not be approved until
several inconsistencies are addressed, including those involving
preferred shareholders Harbinger Capital Partners LLC, Highland
Capital Management and others.

                    About TerreStar Networks

TerreStar Corporation and TerreStar Holdings, Inc., filed
voluntary Chapter 11 petitions with the U.S. Bankruptcy Court for
the Southern District of New York on Feb. 16, 2011.

TSC's Chapter 11 filing joins the bankruptcy proceedings of
TerreStar Networks Inc. and 12 other affiliates, which filed on
Oct. 19, 2010.  The October Chapter 11 cases are procedurally
consolidated under TSN's Case No. 10-15446 under Judge Sean H.
Lane.

TSC is the parent company of each of the October Debtors.  TSC has
four wholly owned direct subsidiaries: TerreStar Holdings, Inc.,
TerreStar New York Inc., Motient Holdings Inc., and MVH Holdings
Inc.

TSC's case is jointly administered with the cases of seven of the
October Debtors under the caption In re TerreStar Corporation, et
al., Case No. 11-10612 (SHL).  The seven Debtor entities who
sought joint administration with TSC are TerreStar New York Inc.,
Motient Communications Inc., Motient Holdings Inc., Motient
License Inc., Motient Services Inc., Motient Ventures Holdings
Inc., and MVH Holdings Inc.

TSC is a Delaware corporation whose main asset is the equity in
non-Debtor TerreStar 1.4 Holdings LLC, which has the right to use
a "1.4 GHz terrestrial spectrum" pursuant to 64 licenses issued by
the Federal Communication Commission.  TSC also has an indirect
89.3% ownership interest in TerreStar Network, Inc., which
operates a separate and distinct mobile communications business.
TerreStar Holdings is a Delaware corporation that directly holds
100% of the interests in 1.4 Holdings LLC.

TerreStar Networks -- TSN -- the principal operating entity of
TSC, developed an innovative wireless communications system to
provide mobile coverage throughout the United States and Canada
using satellite-terrestrial smartphones.  The system, however,
required an enormous amount of capital expenditures and initially
produced very little in the way of revenue.  TSN's available cash
and borrowing capacity were insufficient to cover its funding;
thus, forcing TSN to seek bankruptcy protection in October 2010.

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

Ira S. Dizengoff, Esq., at Akin, Gump, Strauss, Hauer & Feld, LLP,
in New York, serves as counsel for the TSC and TSN Debtors.
Garden City Group is the claims and notice agent.  Blackstone
Advisory Partners LP is the financial advisor.  The Garden City
Group, Inc., is the claims and noticing agent in the Chapter 11
cases.

Otterbourg Steindler Houston & Rosen P.C. is the counsel to the
Official Committee of Unsecured Creditors formed in TSN's Chapter
11 cases.  FTI Consulting, Inc., is the Committee's financial
advisor.

TerreStar has signed a contract to sell its business to Dish
Network Corp. for $1.38 billion.  TerreStar cancelled a June 30
auction because there were no competing bids submitted by the
deadline.


TRENTON PROPERTIES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Trenton Properties, LLC
        2500 S. Power Road, Suite 128
        Mesa, AZ 85209

Bankruptcy Case No.: 11-25359

Chapter 11 Petition Date: September 2, 2011

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

Judge: Eileen W. Hollowell

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

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

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

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

The petition was signed by Nathan T. Davis, manager.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Nathan Trent Davis                    --                        --


TRIBUNE CO: Edward Jones Warns Stock Buyback Participants of Suit
-----------------------------------------------------------------
St. Louis-based investment firm Edward Jones is warning former
Tribune Company employees, retirees and shareholders who
participated in a 2007 stock buyback that they may be sued by the
Official Committee of Unsecured Creditors aiming to recover some
money, according to Anna Marie Kukec of Daily Herald.

The Daily Herald obtained a letter dated August 15, 2011 sent by
Edward Jones to about 400 stock owners who received about $5.4
million in the buyback.  The firm has been subpoenaed to get the
names of the stock owners, the amount held and the funds that
they received, the report relayed.

Millions of dollars could be at stake as other investment firms,
apart from Edward Jones, could be expected to be subpoenaed about
their clients, Edward Jones spokesperson John Boul told The Daily
Herald.

"We just did not want our clients to be surprised," Mr. Boul was
quoted as saying by The Daily Herald.  "We've been fighting this
subpoena for months now in the interest of our clients' privacy."

The Court overseeing Tribune's bankruptcy cases however rejected
the privacy issue and is expected soon to require investment
firms that handled clients in the 2007 buyback to report their
names, The Daily Herald relayed.

The Creditors' Committee recently obtained an extension from the
Court to complete service pursuant to Rule 4(m) of the Federal
Rules of Civil Procedure on defendants in the adversary
proceeding against Dennis FitzSimons, et al., through and
including March 1, 2012.  The Creditors' Committee also sought
and obtained a protective order in the FitzSimons Adversary
Proceeding authorizing the requesting party to produce
confidential information subject to certain restrictions.

Edward Jones stated that the Court could direct it to turn over
the information, which "may eventually be used to bring a claim
against you to recover the funds transferred to you as part of
the buyout," The Daily Herald added.

                       About Tribune Co.

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

The Company and 110 of its affiliates filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 08-13141) on Dec. 8,
2008.  The Debtors proposed Sidley Austin LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North America LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of Dec. 8, 2008, the Debtors have $7,604,195,000 in total assets
and $12,972,541,148 in total debts.  Chadbourne & Parke LLP and
Landis Rath LLP serve as co-counsel to the Official Committee of
Unsecured Creditors.  AlixPartners LLP is the Committee's
financial advisor.  Landis Rath Moelis & Company serves as the
Committee's investment banker.  Thomas G. Macauley, Esq., at
Zuckerman Spaeder LLP, in Wilmington, Delaware, represents the
Committee in connection with the lawsuit filed against former
officers and shareholders for the 2007 LBO of Tribune.

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


TRUE NORTH: Hires CFCC Partners as Exclusive Financial Advisor
--------------------------------------------------------------
True North Financial Corporation announced that it has retained
CFCC Partners, LLC, as its exclusive financial advisor to assist
the Company in evaluating strategic alternatives to promote growth
and enhance stability, including possible partnerships with the
Company.  The Company does not expect to announce or comment on
developments with respect to this exploration of strategic
alternatives until the Company's board of directors has approved a
specific alternative or has other reason to comment.

"The improving demand for alternative investments combined with
strong demand for income producing products makes it an opportune
time to review the Company's strategic plans," said Steve
Levenson, President and CEO of the Company.  "We look forward to
working with CFCC Partners, utilizing their corporate experience
to assist in positioning the Company for growth."

                         About True North

True North Finance Corporation -- http://www.truenorthfinance.com/
-- was formerly known as CS Financing Corporation.  On June 22,
2009, CS Financing Corporation changed its name to True North
Finance Corp.  The Company is primarily a real estate lending
company.

CS Fund General Partner, LLC, became a wholly owned subsidiary of
True North Finance Corporation pursuant to a merger on June 30,
2009.  Although CS Fund General Partner, LLC, was considered the
acquiring entity for accounting purposes, the Merger was
structured so that CS Fund General Partner, LLC, became a wholly
owned subsidiary of True North Finance Corporation.

As reported in the Troubled Company Reporter on June 2, 2010,
L.L. Bradford & Company, LLC, in Las Vegas, expressed substantial
doubt about the Company's ability to continue as a going concern
after auditing the Company's financial statements for the year
ended Dec. 31, 2009.  The independent auditors noted that the
Company has incurred recurring losses and its current liabilities
exceed its current assets.

The Company's balance sheet at Sept. 30, 2010, showed $1.04
million in total assets, $16.30 million in total liabilities and a
$15.26 million total stockholders' deficit.


UNITED CONTINENTAL: Airlines May Pocket $1.3BB From Tax Delays
--------------------------------------------------------------
U.S. airlines led by United Continental Holdings, Inc. may pocket
$1.3 billion in higher fares tied to the Federal Aviation
Administration's partial shutdown due to deadlocks on the
agency's funding, Bloomberg News reported on August 2, 2011.

Bloomberg noted that the FAA has been unable to collect $28.6
million a day in aviation taxes since midnight on July 22.

Congress was set to begin its August recess on August 2, 2011,
without a new FAA funding bill, Bloomberg related.  Indeed, the
expiration of tax-collecting authority last month halted a 7.5%
sales tax on domestic tickets and a $3.70 fee for each flight
segment, the report continued.  Likewise, higher fees on
international taxes were suspended, and airlines started saving
about 15 cents a gallon on jet fuel, the report pointed out.

Laura Brown, spokesperson for the FAA, told Bloomberg that lost
FAA taxes would amount to about $1.3 billion through
September 7, 2011, when Congress reconvenes, the report added.

The additional revenue could boost Delta's third-quarter earnings
by 7 cents a share, United's by 15 cents and American Airlines
parent AMR Corp.'s by 12 cents for each week the FAA is partially
idled, Jamie Baker of JPMorgan Chase & Co. wrote in a note to
clients last week, Bloomberg relayed.

                         *     *      *

In recent developments, Senate Majority Leader Harry Reid
announced that Congress reached a deal to fund the FAA and end
the 13-day shutdown, International Business Times reported on
August 4, 2011.

The bipartisan agreement will allow for the Senate to approve a
House bill that will renew the FAA's contract that expired on
July 22, 2011, International Business Times relayed.  The deal
will also extend the FAA's short-term extension through mid-
September, the report added.

Mr. Reid acknowledged that important differences still remain but
stated that it is important for 74,000 transportation and
construction workers to keep working while Congress resolve those
issues.

The return of the FAA could also have a negative impact on major
airlines like United Continental, International Business Times
noted.  Airlines pocketed taxes that would have gone to the FAA,
the report said.  Indeed, those airlines had kept prices the
same, which reflected taxes, while continuing to reap in the
profit, the report stated.

"We're losing $200 million a week in ticket tax revenue," U.S.
Representative Jim Doran disclosed in an interview with ABC's
Topline.  "The passengers are paying it.  The airlines are
pocketing it.  We need that money."

                     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. 02-8191).  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.


UNITED CONTINENTAL: First Boeing 787 Dreamliner Begins Assembly
---------------------------------------------------------------
United Continental Holdings (NYSE: UAL) announced that the first
of its Boeing 787 Dreamliner aircraft enters the assembly phase at
Boeing's facility in Everett, Wash.  In early 2012, United will be
the first North American carrier to take delivery of the aircraft,
marking the first of 50 Dreamliners for the airline.

During assembly, Boeing will join the forward, center and aft
fuselage sections, the wings, the horizontal stabilizer and the
vertical fin.

The first United 787 will be configured with 36 flat-bed seats in
BusinessFirst, 63 extra-legroom seats in Economy Plus and 120
seats in Economy.  The aircraft's revolutionary cabin environment
and aerodynamic design allow it to fly farther, faster and more
efficiently.  Customers will experience improved lighting, bigger
windows, larger overhead bins, increased cabin humidity, reduced
cabin pressure and enhanced ventilation systems, among other
passenger-friendly features.

"We are proud to be the first North American airline to receive
the 787, which will be a game changer for the new United and the
industry," said United Airlines President and CEO Jeff Smisek.
"The 787 will be a very comfortable, customer pleasing aircraft,
and with its range, fuel efficiency and superb operating
economics, the 787 will allow us to enter new long-haul markets
and also replace older, less-efficient widebody aircraft."

United Continental Holdings subsidiaries Continental and United
each ordered 25 of the state-of-the-art aircraft.  The company
will announce the 787 flight schedule later this year.

                     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. 02-8191).  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.


UNITED CONTINENTAL: Reports July 2011 Traffic Results
-----------------------------------------------------
United Continental Holdings, Inc. (NYSE: UAL) reported July 2011
operational results for United Air Lines, Inc. and Continental
Airlines, Inc.

United and Continental's combined consolidated traffic (revenue
passenger miles) in July 2011 decreased 0.1 percent versus pro
forma July 2010 results on a consolidated capacity (available seat
miles) increase of 0.2 percent.  The carriers' combined
consolidated load factor in July 2011 was down 0.3 points compared
to the pro forma results from the same period last year.

United and Continental's July 2011 combined consolidated and
mainline passenger revenue per available seat mile (PRASM) each
increased an estimated 7.5 to 8.5 percent compared to the pro
forma results from July 2010.

              United Continental Holdings, Inc.
          Pro Forma Preliminary Operational Results

                     2011        2010    Percent
                     July        July     Change
                     ----        ----    ------
Revenue Passenger Miles ('000)
Domestic         9,405,320   9,376,768      0.3%
International    8,602,981   8,636,845     (0.4%)
Atlantic         4,049,657   4,150,685     (2.4%)
Latin America    1,675,640   1,577,861      6.2%
Pacific          2,877,684   2,908,299     (1.1%)
Mainline        18,008,301  18,013,613      0.0%
Regional         2,470,514   2,495,612     (1.0%)
Consolidated    20,478,815  20,509,225     (0.1%)

Available Seat Miles ('000)
Domestic        10,474,290  10,550,603     (0.7%)
International   10,009,802   9,872,439      1.4%
Atlantic         4,673,536   4,697,544     (0.5%)
Latin America    1,926,905   1,833,310      5.1%
Pacific          3,409,361   3,341,585      2.0%
Mainline        20,484,092  20,423,042      0.3%
Regional         3,004,889   3,009,646     (0.2%)
Consolidated    23,488,981  23,432,688      0.2%

Passenger Load Factor
Domestic             89.8%       88.9%   0.9pts.
International        85.9%       87.5%  (1.6pts.)
Atlantic             86.7%       88.4%  (1.7pts.)
Latin America        87.0%       86.1%   0.9pts.
Pacific              84.4%       87.0%  (2.6pts.)
Mainline             87.9%       88.2%  (0.3pts.)
Regional             82.2%       82.9%  (0.7pts.)
Consolidated         87.2%       87.5%  (0.3pts.)

Onboard Passengers
Mainline             9,403       9,440     (0.4%)
Regional             4,267       4,366     (2.3%)
Consolidated        13,670      13,806     (1.0%)

Cargo Revenue Ton Miles ('000)
Total              213,809     248,763    (14.1%)

              United Continental Holdings, Inc
            Pro Forma Preliminary Financial Results

                                            Change
                                            ------
July 2011 estimated year-over-year
consolidated PRASM change              7.5% to 8.5%

July 2011 estimated year-over-year
mainline PRASM change                  7.5% to 8.5%

July 2011 estimated consolidated
average price per gallon of fuel,
including fuel taxes                          $3.11

Third Quarter 2011 estimated consolidated
average price per gallon of fuel,
including fuel taxes                          $3.16

       Preliminary July Operational Results for United

                          2011   2010   Change
                          ----   ----   ------
On-Time Performance       73.0%  83.0%(10.0pts.)
Completion Factor         97.7%  98.9% (1.2pts.)

                     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. 02-8191).  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.


UNIVERSAL BIOENERGY: Incurs $224,200 Second Quarter Net Loss
------------------------------------------------------------
Universal Bioenergy, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $224,203 on $13.80 million of revenue for the three
months ended June 30, 2011, compared with a net loss of $460,213
on $13.96 million of revenue for the same period during the prior
year.

The Company also reported a net loss of $818,290 on $36.04 million
of revenue for the six months ended June 30, 2011, compared with a
net loss of $634,018 on $13.96 million of revenue for the same
period a year ago.

The Company reported a net loss of $2.00 million on $41.32 million
of revenue for the year ended Dec. 31, 2010, compared with a net
loss of $1.87 million on $0 of revenue during the prior year.

The Company's balance sheet at June 30, 2011, showed $6.37 million
in total assets, $6.63 million in total liabilities and a $261,618
total stockholders' deficit.

S.E.Clark & Company, P.C., in Tucson, Arizona, the Company's
independent auditors, noted that the accumulation of losses and
shortage of capital raise substantial doubt about the Company's
ability to continue as a going concern.

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

                        http://is.gd/5BBzI1

                     About Universal Bioenergy

Universal Bioenergy Inc., is an alternative energy company
headquartered in Irvine, California.  The Company's new strategic
direction is to develop and market a diverse product line of
alternative and natural energy products including, natural gas,
solar, biofuels, wind, wave, tidal, and green technology products.


USAM CALHOUN: Case Summary & 2 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: USAM Calhoun Land, LLC
        1310 RR 620 South, C-15
        Austin, TX 78734

Bankruptcy Case No.: 11-12232

Chapter 11 Petition Date: September 6, 2011

Court: U.S. Bankruptcy Court
       Western District of Texas (Austin)

Judge: Craig A. Gargotta

Debtor's Counsel: James V. Hoeffner, Esq.
                  GRAVES, DOUGHERTY, HEARON & MOODY, P.C.
                  401 Congress Avenue, Suite 2200
                  Austin, TX 78701
                  Tel: (512) 480-5707
                  Fax: (512) 480-5886
                  E-mail: jhoeffner@gdhm.com

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

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

The petition was signed by Jack H. Lieberman, president and
managing member.

Debtor's List of two Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
REDC                               Contract                $75,000
One Mauchly
Irvine, CA 92618

Adams Surveyors                    Trade Debt               $3,400
2004 S. Gordon
Alvin, TX 77511


VYTERIS INC: To Stop Filing SEC Reports to Cut Costs
----------------------------------------------------
Vyteris, Inc., has been investigating four strategic transactions
with four separate acquisition targets as well as attempting to
monetize the assets from its former iontophoresis business.
Additionally, due to the May decision to not continue active
involvement in its drug delivery business, the Company was able to
reduce its workforce by eliminating staffing in that area and
vacating its leased space, which has resulted in an ongoing
dispute with its former landlord.  The process of reaching final
agreements with regard to drug delivery asset monetization has
proven to taken longer than originally anticipated, and the
Company's efforts to raise the capital that will be required to
complete such strategic transactions with the Acquisition Targets
have proven more difficult than originally anticipated.

After due deliberation and consideration of the above described
facts, the Company's Board of Directors has determined that it
must pursue an alternative strategy to attempt to realize value
from the Company's assets.  To that end, the Company's Board of
Directors has determined to focus on efforts to discharge the
Company's various obligations to its creditors and its landlord in
a manner that will result in the Company's shareholders having
possible value in the Company's residual assets.

The Board of Directors further determined it would not be a
prudent use of the Company's available resources to prepare and
file its Form 10-Q for the period ended June 30, 2011, and, as a
result, such filing was not made.  The Company does not expect to
make further filings with the SEC subsequent to the filing of this
Current Report on Form 8-K.

In connection with efforts to delever the Company's balance sheet
and potentially realize shareholder value, a proposal was made by
a third party regarding an assignment of the  opportunities to
pursue possible transactions with the Acquisition Targets in
exchange for the assumption of certain of Registrant's
liabilities.  In connection with this proposal, the Board of
Directors empanelled a special committee comprised solely of
independent directors and delegated to the Independent Committee
the full power and authority of the Board of Directors to
evaluate, negotiate and, if deemed appropriate, approve that
proposal.  The Independent Committee completed a thorough
evaluation of the proposal and engaged in negotiations with the
third party and, in addition, considered other alternatives.  As a
result of the foregoing analysis and in light of the concessions
achieved through negotiations with the third party, the
Independent Committee unanimously determined that the transaction
negotiated with the third party is in the best interest of the
Company and its various constituencies and has approved such
transaction as of Aug. 12, 2011.

Eugene Bauer, Gene Burleson and Joel Kanter are Directors of
Assignee.  Each is also a Director of the Company and Mr. Bauer is
currently acting as executive Chairman of the Board in the absence
of a Chief Executive Officer.  The Assignment was unanimously
approved by the Independent Committee, without the vote of the
other directors of the Company.

A full-text copy of the Form 8-K disclosure is available for free
at http://is.gd/FVrjQ6

                        About Vyteris, Inc.

Based in Fair Lawn, New Jersey, Vyteris, Inc. (formerly Vyteris
Holdings (Nevada), Inc., has developed and produced the first FDA-
approved electronically controlled transdermal drug delivery
system that transports drugs through the skin comfortably, without
needles.  This platform technology can be used to administer a
wide variety of therapeutics either directly into the skin or into
the bloodstream.  The Company holds approximately 50 U.S. and 70
foreign patents relating to the delivery of drugs across the skin
using an electronically controlled "smart patch" device with
electric current.

The Company reported a net loss of $10.54 million on $117,792 of
total revenues for the year ended Dec. 31, 2010, compared with a
net loss of $33.94 million on $4.56 million of total revenues
during the prior year.

As reported by the TCR on April 21, 2011, Amper, Politziner &
Mattia, LLP, in Edison, New Jersey, expressed substantial doubt
about the Company's ability to continue as going concern,
following the 2010 financial results.  The independent auditors
noted that the Company has incurred recurring losses and is
dependent upon obtaining sufficient additional financing to
fund operations and has not been able to meet all of its
obligations as they become due.

The Company's balance sheet at March 31, 2011, showed $2.52
million in total assets, $15.39 million in total liabilities and a
$12.86 million total stockholders' deficit.


WASHINGTON MUTUAL: Judge Approves $105MM Truce With Investors
-------------------------------------------------------------
Lance Duroni at Bankruptcy Law360 reports that U.S. Bankruptcy
Judge Mary F. Walrath on Tuesday cleared Washington Mutual Inc. to
tap its insurers for a $105 million settlement with shareholders
in a multidistrict litigation alleging the failed bank abandoned
risk management policies during the housing bubble.

Judge Walrath signed off on the deal - along with settlements in
two smaller securities suits - although the larger settlement
still needs the approval of the district court in Washington
before it can be implemented, Law360 says.

                      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 million to $1 billion 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.  The Debtor tapped Valuation Research Corporation as
valuation service provider for certain assets.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Fled LLP in New
York and David B. Stratton, Esq., at Pepper Hamilton LLP in
Wilmington, Del., represent the Official Committee of Unsecured
Creditors.  Stephen D. Susman, Esq., at Susman Godfrey LLP and
William P. Bowden, Esq., at Ashby & Geddes, P.A., represent the
Equity Committee.  The official committee of equity security
holders also tapped BDO USA as its tax advisor. Stacey R.
Friedman, Esq., at Sullivan & Cromwell LLP and Adam G. Landis,
Esq., at Landis Rath & Cobb LLP in Wilmington, Del., represent
JPMorgan Chase, which acquired the WaMu bank unit's assets prior
to the Petition Date.

On Jan. 7, 2011, the U.S. Bankruptcy Court for the District of
Delaware entered a 107-page opinion determining that the global
settlement agreement, among certain parties including WMI, the
Federal Deposit Insurance Corporation and JPMorgan Chase Bank,
N.A., upon which the Plan is premised, and the transactions
contemplated therein, are fair, reasonable, and in the best
interests of WMI.  Additionally, the Opinion and related order
denied confirmation, but suggested certain modifications to the
Company's Sixth Amended Joint Plan of Affiliated Debtors that, if
made, would facilitate confirmation.

Washington Mutual has filed with the Bankruptcy Court a Modified
Sixth Amended Joint Plan and a related Supplemental Disclosure
Statement.  The Company believes that the Modified Plan has
addressed the Bankruptcy Court's concerns and looks forward to
returning to the Bankruptcy Court to seek confirmation of the
Modified Plan.


WEST END: Debuts Proposal to Liquidate Assets, Repay Creditors
--------------------------------------------------------------
Dow Jones' DBR Small Cap reports that West End Financial Advisors
LLC, which sought bankruptcy protection after seeing fraud charges
leveled against its former leaders, introduced a liquidation plan
intended to guide the company's assets out of Chapter 11 and
ultimately into the hands of creditors.

                     About West End Financial

West End Financial Advisors LLC, Sentinel Investment Management
Corp. and a number of affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 11-11152) in Manhattan on March 15,
2011.  New York-based West End estimated its assets and debts at
$1 million to $10 million.  Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck, P.C., serves as
the Debtors' bankruptcy counsel.

William Landberg created WEFA in 2000 as an investment and
financial management company. Subsequently he purchased Sentinel
Investment Management Corp., a boutique investment advisory
company.  Sentinel and WEFA targeted individual private clients
for investments in fixed income funds and alternative investment
products.  Mr. Landberg's ultimately resigned from all West End
related entities effective June 2, 2009, following a probe on
misappropriation of funds.

Schedules of assets and liabilities for West End and its
funds showed assets of $400,000 and debt of $6.7 million, not
including $66 million from investors who may or may not be
considered creditors.  Debt includes $5.5 million in secured
claims, according to the schedules.

Secured creditors with the largest claims are DZ Bank ($118.1
million), West LB ($41 million), Iberia Bank ($11.3 million), and
Suffolk County National Bank ($8.3 million).


WEST TERRACE: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: West Terrace Apartments, LP
          fka West Terrace Apartments, LLC
        P.O. Box 927010
        San Diego, CA 92192

Bankruptcy Case No.: 11-14958

Chapter 11 Petition Date: September 5, 2011

Court: U.S. Bankruptcy Court
       Southern District of California (San Diego)

Debtor's Counsel: Edward Medina, Esq.
                  MEDINA LAW GROUP
                  4025 Camino Del Rio South, Suite 300
                  San Diego, CA 92108
                  Tel: (619) 542-7865
                  Fax: (619) 609-0703
                  E-mail: emedina@medina-lawgroup.com

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

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

A list of the Company's nine largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/casb11-14958.pdf

The petition was signed by Tomas Schoff, president of the general
partner.

WILLIAMS LOVE: Can Access Prepetition Lenders' Cash Until Sept. 19
------------------------------------------------------------------
In an interim order dated 2011, the U.S. Bankruptcy Court for the
District of Oregon granted Williams, Love, O'Leary & Powers, P.C.,
authorization to access cash collateral, primarily cash and cash
equivalents, and all cash proceeds of the Prepetition Collateral
existing as of the commencement of the Debtor's Chapter 11 case,
until Sept. 19, 2011, to pay costs and expenses incurred by the
Debtor in the ordinary course of its business, consistent with a
budget.

Sterling Savings Bank, Heather Brann and Michael L. Williams,
P.C., assert prepetition claims against the Debtor, including cash
collateral.

Sterling Savings Bank contends that, as of the Petition Date,
Debtor was indebted to Bank in the approximate amount of
$4,264,893 (exclusive of attorneys' fees and certain costs).  The
indebtedness is secured by substantially all of the Borrower's
assets.

Heather Brann holds a prepetition claim against the Debtor in the
approximately amount of $240,000 and a contingent claim for
approximately $480,000.  Brann says her alleged attorney's lien is
superior in priority to the liens of Sterling Savings Bank.

Williams asserts a prepetition claim against Debtor in the
approximate amount of $690,000, which Williams acknowledges as
subordinate to Sterling Savings Bank's prepetiton liens.

As adequate protection for any cash collateral used by Debtor,
Sterling Savings Bank, Williams and Brann are granted perfected
replacement liens on all property and assets of Debtor and its
estate, of any kind or nature whatsoever, whether now owned or
hereafter acquired by Debtor.  The replacement lines will not
attach to property recovered through the exercise of the powers
granted under sections 506(c), 544, 545, 547, 548 and 549 of the
Bankruptcy Code.

The replacement liens will be in addition to all other security
interests and liens securing an allowed secured claim in existence
on the Petition Date.

To the extent a replacement lien proves to be inadequate as
adequate protection, Sterling Savings Bank, Williams, and
Brann will have allowed administrative claims under Section 503(b)
of the Bankruptcy Code, which claims swill have priority over, and
be senior to, all other administrative claims against Debtor
pursuant to Section 507(b) of the Bankruptcy Code.

A final hearing on Debtor's Motion for authority to use cash
collateral will be held on Sept. 19, 2011, at 3:00 p.m.

                About Williams Love O'Leary & Powers

Based in Portland, Oregon, Williams, Love, O'Leary & Powers, P.C.,
fdba Williams, Dailey & O'Leary, P.C., dba WLOP and WDO.com, filed
for Chapter 11 bankruptcy (Bankr. D. Ore. Case No. 11-37021) on
Aug. 14, 2011.  Judge Elizabeth L. Perris presides over the case.

In its petition, the Debtor estimated $10 million to $50 million
in assets and $1 million to $10 million in debts.  The petition
was signed by Michael L. Williams, its president.

Albert N. Kennedy, Esq., and Michael W. Fletcher, Esq., at Tonkon
Torp LLP, in Portland, Oregon, represent the Debtor as counsel.


* Moody's: Cash Held By N.A. Manufacturers Falls as Others Hoard
----------------------------------------------------------------
Cash held by North American manufacturing firms has declined this
year at a time of intense focus on the $1 trillion-plus cash hoard
on US corporate balance sheets, says a new report by Moody's
Investors Service. Outlays for acquisitions, share repurchases and
capital investments have increased for the manufacturing sector.

Manufacturers increased spending on acquisitions nearly seven
times faster than other corporate sectors in 2010. Notable
transactions over the last year included Emerson Electric Co.'s
$1.5 billion purchase of Chloride Group PLC, Danaher Corp.'s
nearly $6 billion purchase of Beckman Coulter and General
Electric's $2.8 billion acquisition of John Wood Group's
well-support business.

GE, Corning and 3M are among the largest holders of cash in the
sector, notes the report.

"Our analysis of 85 manufacturers including GE, Tyco and Corning
indicates that cash declined 7% in the first quarter of 2011, and
a further 7.6% in the second quarter on a pro forma basis," says
Edwin Wiest, Moody's Vice President and Senior Analyst. "Higher
capital spending, acquisition outlays, increased working capital
requirements and share repurchases were the driving factors."

Recent shareholder-friendly moves include nearly $2.5 billion of
share repurchases across the manufacturing sector in the first
quarter of 2011, Moody's said.  Despite the spending,
manufacturers' liquidity remains strong and median credit metrics
reflect solid credit profiles.  The median debt-to-EBITDA ratio
was under two times at end-March for investment-grade
manufacturers, the lowest level since 2009.

While large cash balances and deep liquidity are credit-positive,
Moody's cautions that cash flow remains under pressure from
working capital demands and elevated commodity costs.  However,
Moody's anticipates that the manufacturing sector's organic
operating earnings growth will slow to the low-single-digits
during the next 12 to 18 months, which could support greater cash
retention.


* Alper Deniz Joins Brown Rudnick's London Office as Partner
------------------------------------------------------------
Brown Rudnick, an international law firm with offices in the US
and Europe, on Sept. 27 disclosed that Alper Deniz has joined the
Firm's London office as a Partner in the European Bankruptcy &
Corporate Restructuring Group.  Formerly a partner at Chadbourne &
Parke LLP, Mr. Deniz's Alper's appointment follows the recent
arrival of fellow Chadbourne restructuring veteran, Adrian Harris,
and brings the number of new Brown Rudnick London partner hires to
six since June 2011.

Mr. Deniz is a finance and restructuring lawyer with extensive
experience in international financing transactions, debt capital
markets, debt restructuring and derivatives transactions, in each
case representing a variety of lenders, sponsors and borrowers.
He represents both arrangers and issuers on debt capital market
and structured finance transactions and has advised on corporate
bond issuances, CDOs, CLOs, ABS, CMBS, SIVs and other cash and
synthetic structures.  In addition, he represents a number of
international lenders, sponsors and borrowers on acquisition
finance and private equity transactions and has extensive
experience in all types of secured and unsecured lending
transactions.

Further extending his reach, Mr. Deniz advises on derivatives
transactions and ISDA documentation and has particular experience
with credit derivatives and property derivatives.  His practice
also includes work with a number of hedge, private equity and real
estate funds on restructuring and refinancing issues, including
intercreditor analysis, standstill arrangements, insolvency laws,
security enforcement, debt buybacks and general advice on strategy
for negotiations with other creditors and distressed debtors.

Commenting on the recent hire, Brown Rudnick's CEO Joseph F. Ryan
said, "Alper brings deep experience in insolvency, debt markets,
finance and derivatives. His work in handling 'hard cases' is
highly regarded within the hedge fund community and fits well with
the mission and skills of our Bankruptcy & Corporate Restructuring
Group.  We are pleased to have Alper as a member of our firm."

Brown Rudnick acts internationally for a vast array of well known
hedge funds based in the US and UK.  The Firm advises investors
and funds internationally on matters involving fund formation,
governance, investor relations, investment and financing
activities, and offensive/defensive litigation.  Brown Rudnick is
also globally recognized for its representation of funds investors
in structuring, negotiating and documenting claims trades and as
members of ad hoc and official committees, in realizing maximum
value from distressed securities in many of the largest and most
complex Chapter 11 or European insolvency cases as well as out-of-
court restructurings.

               About Brown Rudnick's London Office

Brown Rudnick opened its London office in 1998 to support a
rapidly growing international practice.  Initially, the London
office focused on expanding its strong US technology and venture
capital practice by representing European tech companies and their
investors.  Today, Brown Rudnick has an internationally recognized
European Venture Capital and Emerging Growth Practice, with such
notable clients as Index Ventures, Mangrove Capital Partners,
Atlas Venture, Amadeus Capital Partners, and Environmental
Technology Fund LP, among others.  Brown Rudnick also has a strong
cross-border M&A practice, having represented numerous companies
on public transactions.  And, over the last decade, the London
office has expanded to include Bankruptcy & Corporate
Restructuring, International Litigation & Arbitration,
Intellectual Property, Tax and Finance.  Lawyers in the firm's
London office work closely with the firm's US offices to serve
European and other international clients seeking to expand their
businesses across international borders.

                     About Brown Rudnick LLP

Brown Rudnick -- http://www.brownrudnick.com-- is an AmLaw 200
firm with offices in the United States and Europe.  With
relentless focus on the client's objectives, the Firm represents
clients from around the world in high stakes litigation and
business transactions.  The firm's clients include public and
private corporations, multinational Fortune 100 businesses and
start-up enterprises.  It also represents investors, as well as
official and ad hoc creditors committees in today's largest
corporate restructurings, both domestically and abroad.  The Brown
Rudnick Center for the Public interest is an innovative model
combining the Firm's pro bono, charitable giving and community
volunteer efforts.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In Re Alfred Basilio
   Bankr. C.D. Calif. Case No. 11-46160
      Chapter 11 Petition filed August 25, 2011

In Re Colonial Yacht Anchorage, Inc.
   Bankr. C.D. Calif. Case No. 11-46267
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/cacb11-46267.pdf

In Re James Smith
   Bankr. C.D. Calif. Case No. 11-20168
      Chapter 11 Petition filed August 25, 2011

In Re Kevork Sarkisian
   Bankr. C.D. Calif. Case No. 11-46275
      Chapter 11 Petition filed August 25, 2011

In Re Lucila Rubalcava
   Bankr. C.D. Calif. Case No. 11-46274
      Chapter 11 Petition filed August 25, 2011

In Re Renita Ferris-Norman
   Bankr. C.D. Calif. Case No. 11-46319
      Chapter 11 Petition filed August 25, 2011

In Re Discovery Bay Plaza, LLC
   Bankr. N.D. Calif. Case No. 11-49088
      Chapter 11 Petition filed August 25, 2011
         filed pro se

In Re Fariba Naji
   Bankr. N.D. Calif. Case No. 11-49140
      Chapter 11 Petition filed August 25, 2011

In Re David Smith
   Bankr. S.D. Fla. Case No. 11-33730
      Chapter 11 Petition filed August 25, 2011

In Re SMG, Inc.
         aka Pewter Place
         aka Pewter Place of Broward, Inc.
         aka Pewter Place of Broward Mall, Inc.
         aka Pewter Place
   Bankr. S.D. Fla. Case No. 11-33643
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/flsb11-33643.pdf

In Re Bullitt County Properties, LLC
   Bankr. W.D. Ky. Case No. 11-34121
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/kywb11-34121.pdf

In Re Buckshot, Inc.
   Bankr. D. Mass. Case No. 11-18050
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/mab11-18050.pdf

In Re Salvador Leon
   Bankr. D. Mass. Case No. 11-18077
      Chapter 11 Petition filed August 25, 2011

In Re Wesley Shepherd
   Bankr. E.D. N.C. Case No. 11-06512
      Chapter 11 Petition filed August 25, 2011

In Re Alan Tikal
   Bankr. D. Nev. Case No. 11-23486
      Chapter 11 Petition filed August 25, 2011

In Re The Spa at the Cherry Hill Inn, Inc.
          dba Spa Fitness Center
   Bankr. D. N.J. Case No. 11-35335
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/njb11-35335.pdf

In Re OTR Media Group, Inc.
   Bankr. E.D. N.Y. Case No. 11-47385
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/nyeb11-47385.pdf

In Re Amerilist, Inc.
   Bankr. S.D. N.Y. Case No. 11-23702
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/nysb11-23702.pdf

In Re Eileen Myers
   Bankr. S.D. N.Y. Case No. 11-14034
      Chapter 11 Petition filed August 25, 2011

In Re Crawford Furniture Retail Outlet, Inc.
   Bankr. W.D. N.Y. Case No. 11-12946
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/nywb11-12946.pdf

In Re Legend Builders LLC
   Bankr. N.D. Okla. Case No. 11-12459
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/oknb11-12459.pdf

In Re Ste-Bri Enterprises Inc.
         dba The 356th Fighter Group Restaurant
   Bankr. N.D. Ohio Case No. 11-53273
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/ohnb11-53273.pdf

In Re Stephen Lynch
   Bankr. N.D. Okla. Case No. 11-12457
      Chapter 11 Petition filed August 25, 2011

In Re Marshall Oil Properties, Inc.
         dba Marshall Oil Corporation
   Bankr. W.D. Okla. Case No. 11-14663
      Chapter 11 Petition filed August 25, 2011
         See http://bankrupt.com/misc/okwb11-14663.pdf

In Re Luis Vasquez
   Bankr. E.D. Pa. Case No. 11-22243
      Chapter 11 Petition filed August 25, 2011

In Re Norma Vasquez
   Bankr. E.D. Pa. Case No. 11-22243
      Chapter 11 Petition filed August 25, 2011

In Re Gregory Durrett
   Bankr. M.D. Tenn. Case No. 11-08474
      Chapter 11 Petition filed August 25, 2011

In Re Gerhard Maale
   Bankr. N.D. Texas Case No. 11-35330
      Chapter 11 Petition filed August 25, 2011

In Re Donald Meek
   Bankr. W.D. Wash. Case No. 11-20131
      Chapter 11 Petition filed August 25, 2011

In Re Turner Management Corp.
   Bankr. W.D. Wash. Case No. 11-20120
      Chapter 11 Petition filed August 25, 2011
         filed pro se

In Re Francisco Vazquez
   Bankr. D. Ariz. Case No. 11-24581
      Chapter 11 Petition filed August 26, 2011

In Re Jeffrey Kohner
   Bankr. D. Ariz. Case No. 11-24619
      Chapter 11 Petition filed August 26, 2011

In Re Captured Sea, Inc.
   Bankr. C.D. Calif. Case No. 11-22030
      Chapter 11 Petition filed August 26, 2011
         See http://bankrupt.com/misc/cacb11-22030.pdf

In Re Cecil Motley
   Bankr. C.D. Calif. Case No. 11-46527
      Chapter 11 Petition filed August 26, 2011

In Re Elizabeth Knight
   Bankr. C.D. Calif. Case No. 11-46361
      Chapter 11 Petition filed August 26, 2011

In Re Ristorante Ferrantelli, Inc.
   Bankr. C.D. Calif. Case No. 11-22054
      Chapter 11 Petition filed August 26, 2011
         See http://bankrupt.com/misc/cacb11-22054.pdf

In Re Susan Marie Cadenasso
   Bankr. C.D. Calif. Case No. 11-46402
      Chapter 11 Petition filed August 26, 2011

In Re Nasir Sheikh
   Bankr. N.D. Calif. Case No. 11-33136
      Chapter 11 Petition filed August 26, 2011

In Re Richard Taguinod
   Bankr. N.D. Calif. Case No. 11-49176
      Chapter 11 Petition filed August 26, 2011

In Re Deborah Kelly
   Bankr. M.D. Fla. Case No. 11-16151
      Chapter 11 Petition filed August 26, 2011

In Re Associated Grocers of Maine, Inc.
        fdba Little Yankee
        fdba Yankee Grocer
        fdba Associated Grocers of Central Maine, Inc.
        fdba Thriftway Food Stores
        fdba Maine Kitchen Candies
   Bankr. D. Maine Case No. 11-11196
      Chapter 11 Petition filed August 26, 2011
         filed pro se

In Re Gloria Panton-Harvey
   Bankr. D. Md. Case No. 11-27528
      Chapter 11 Petition filed August 26, 2011

In Re James Whitelaw
   Bankr. D. Mass. Case No. 11-18084
      Chapter 11 Petition filed August 26, 2011

In Re Bobby Batten
   Bankr. E.D. N.C. Case No. 11-06571
      Chapter 11 Petition filed August 26, 2011

In Re Keith Scott
   Bankr. S.D. N.Y. Case No. 11-37429
      Chapter 11 Petition filed August 26, 2011

In Re Southern Girl Inc.
        dba Delilah's at the Terminal
        dba Delilah's at 30th
   Bankr E.D. Pa. Case No. 11-16647
      Chapter 11 Petition filed August 26, 2011
         See http://bankrupt.com/misc/paeb11-16647.pdf

In Re Deewa LLC
        dba Padrino Italian Restaurant
   Bankr E.D. Va. Case No. 11-16303
      Chapter 11 Petition filed August 26, 2011
         See http://bankrupt.com/misc/vaeb11-16303.pdf

In Re Classic USA Auto Center Inc.
   Bankr. S.D. Fla. Case No. 11-33884
      Chapter 11 Petition filed August 28, 2011
         See http://bankrupt.com/misc/flsb11-33884.pdf

In Re Jacqueline D Marie Conservator of Estate of Randal G Young
   Bankr. C.D. Calif. Case No. 11-14092
      Chapter 11 Petition filed August 29, 2011
         See http://bankrupt.com/misc/cacb11-14092.pdf

In Re Paula Newell
   Bankr. C.D. Calif. Case No. 11-14088
      Chapter 11 Petition filed August 29, 2011

In Re Percy Miller
   Bankr. C.D. Calif. Case No. 11-46752
      Chapter 11 Petition filed August 29, 2011

In Re Robert Reitzen
   Bankr. C.D. Calif. Case No. 11-46736
      Chapter 11 Petition filed August 29, 2011

In Re Rodrigo Rivera
   Bankr. C.D. Calif. Case No. 11-46753
      Chapter 11 Petition filed August 29, 2011

In Re Monte Smith
   Bankr. E.D. Calif. Case No. 11-40980
      Chapter 11 Petition filed August 29, 2011

In Re Portia Gates
   Bankr. E.D. Calif. Case No. 11-40971
      Chapter 11 Petition filed August 29, 2011

In Re Jess Garcia
   Bankr. N.D. Calif. Case No. 11-58108
      Chapter 11 Petition filed August 29, 2011

In Re Pheonix, LLC
   Bankr. N.D. Calif. Case No. 11-58109
      Chapter 11 Petition filed August 29, 2011
         filed pro se

In Re Susan Greene
   Bankr. N.D. Calif. Case No. 11-13207
      Chapter 11 Petition filed August 29, 2011

In Re Dean Verheiden
   Bankr. S.D. Calif. Case No. 11-14430
      Chapter 11 Petition filed August 29, 2011

In Re Elyse Isadore
   Bankr. S.D. Fla. Case No. 11-33992
      Chapter 11 Petition filed August 29, 2011

In Re Preferred Mortgage Lenders & Associates
   Bankr. S.D. Fla. Case No. 11-33961
      Chapter 11 Petition filed August 29, 2011
         See http://bankrupt.com/misc/flsb11-33961.pdf

In Re Price Optical, Inc.
   Bankr D. Kan. Case No. 11-12685
      Chapter 11 Petition filed August 29, 2011
         See http://bankrupt.com/misc/ksb11-12685.pdf

In Re Jeffery S. Sikes
         aka Jeff Sikes
      Erica D. Sikes
   Bankr D. Neb. Case No. 11-42305
      Chapter 11 Petition filed August 29, 2011
         See http://bankrupt.com/misc/neb11-42305.pdf

In Re Rosa Garcia-Maldonado
   Bankr. D. Nev. Case No. 11-23679
      Chapter 11 Petition filed August 29, 2011

In Re Rosmar Industries
   Bankr. E.D. N.Y. Case No. 11-76126
      Chapter 11 Petition filed August 29, 2011

In Re Beach-LaSalle Properties, LLC
   Bankr W.D. N.Y. Case No. 11-12967
      Chapter 11 Petition filed August 29, 2011
         See http://bankrupt.com/misc/nywb11-12967.pdf

In Re Jeffrey Stewart
   Bankr. N.D. Okla. Case No. 11-12496
      Chapter 11 Petition filed August 29, 2011

In Re David Anderson
   Bankr. E.D. Texas Case No. 11-42652
      Chapter 11 Petition filed August 29, 2011



                           *********

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.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, 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 2011.  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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