TCR_Public/110915.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 15, 2011, Vol. 15, No. 256

                            Headlines

100 WEST: Case Summary & 19 Largest Unsecured Creditors
ADVANTA CORP: Judge Dismisses Shareholder Class Claims
AAB, LLC: Case Summary & Largest Unsecured Creditor
AES PUERTO RICO: Fitch Cuts Rating on Revenue Bonds to 'BB+'
AGRISOLAR SOLUTIONS: Reports $384,100 Net Income in June 30 Qtr.

AIH ACQUISITIONS: Bankr. Ct. Lacks Authority to Dismiss Claims
ALLEN FAMILY: Unsecured Creditors Sue Lender Over Sale Proceeds
ALLEN FAMILY: Creditors Have Until Nov. 14 to File Claims
ALLEN FAMILY: Unsecured Creditors Sue Over Sale Proceeds
ALLEN SHIRLEY: BankEast Wins in Fraudulent Transfer Suits

AMERICAN APPAREL: Goodman & Company Holds 13.89% Equity Stake
AMERICAN CARTAGE: Trustee, Not Lender, Owns Commercial Tort
AMT LLC: Gets Court Nod on $14.1-Mil. Loan from Omega Commercial
APTHORP: Anglo Irish Loan Sale Disputed in Suit Over Building
ARCHBROOK LAGUNA: Court Sets Oct. 14 Claims Bar Date

ARCHBROOK LAGUNA: Has Deal With Creditors on Wind-Down Budget
ARIZONA WIRE: Voluntary Chapter 11 Case Summary
ASHTON ENERGY: Voluntary Chapter 11 Case Summary
ATKORE INT'L: S&P Puts B+ Corp. Credit Rating on Watch Negative
AUTOS VEGA: Euroclass Motors Taps Charles A. Cuprill as Counsel

AUTOS VEGA: Court OKs Settlement Stipulation with Reliable Finance
AVION POINT: Files Amended Schedules of Assets & Liabilities
BAY AREA GLASS: Panel Resolves Ambiguity in Sec. 547(c)(9) Defense
BERNARD L. MADOFF: UniCredit Bank Austria Argues to Dismiss Suit
BIG DRIVE: Case Summary & 20 Largest Unsecured Creditors

BLACKBOARD INC: Moody's Assigns 'B2' Corporate Family Rating
BLENKO GLASS: Could Exit Ch. 11 as Early as December
BMD LLC: Voluntary Chapter 11 Case Summary
BROTHER SONNY: 341(a) Creditors' Meeting Scheduled for Oct. 13
C & C PROPERTIES: Case Summary & 13 Largest Unsecured Creditors

CANAL BENK: Case Summary & 4 Largest Unsecured Creditors
CEDAR FUNDING: Trustee Wins Avoidance Suit v. William M. Dwyer
CENTRAL FALLS, R.I.: Receiver Voids Police Chief's 5-Year Contract
CHRISTIAN BROTHERS: Taps Omni as Claims & Administrative Agent
CLARKE UNIVERSITY: Moody's Affirms 'Ba1' Rating on 1998 Bonds

COLLINGSWOOD BOROUGH: Moody's Cuts Rating on $27.8MM Debt to Ba1
COLONY RESORTS LVH: Lenders File Receivership Action
CORD BLOOD: Inks Employment Agreements with CEO and COO
COSTA DORADA: Has Until Sept. 30 to File Plan and Disclosures
CREDITRON FINANCIAL: Judge Extends Sale Deadline to Dec. 15

CRYSTAL CATHEDRAL: Enters Stipulation for Adequate Protection
DALLAS STARS: Lenders Said to Vote for Bankruptcy Court Auction
DAYTONA OCEAN: Case Summary & 6 Largest Unsecured Creditors
DEB SHOPS: Sale to Ableco Approved by Judge
DAVALL PLACE: Case Summary & 11 Largest Unsecured Creditors

DELTATHREE INC: Inks 4th Loan & Security Pact with D4 Holdings
DENNY'S CORPORATION: Adopts Pre-Arranged Stock Trading Plan
DG FASTCHANNEL: S&P Assigns 'BB-' Corporate Credit Rating
DICKENS INDUSTRIAL: Case Summary & 17 Largest Unsecured Creditors
DJSP ENTERPRISES: Board Approves Reduction of CEO's Salary

DOCTORS MEDICAL CENTER: Leaders Try to Keep Doors Open
DULCES ARBOR: U.S. Trustee Unable to Form Committee
DURWICK, LLC: Voluntary Chapter 11 Case Summary
DYNAMIC BUILDERS: Plan Confirmation Hearing Resumes
DYNAMIC BUILDERS: Intends to Make Non-Material Changes to Plan

EAGLE'S LANDING: Case Summary & 20 Largest Unsecured Creditors
EAST COAST: Georgia Capital Seeks Lift Stay to Get Property
ELLIPSO INC: Ad Hoc Committee Can't Pursue Lawsuit
EMDEON BUSINESS: S&P Keeps 'B+' Corporate Credit Rating
ENER1 INC: Arranges to Restructure Debt, Extend Credit Maturity

ENERGY COMPOSITES: Posts $967,000 Net Loss in 2nd Quarter
ENERGY FUTURE: Seeks Review of Final CSAPR as Applied to Texas
EVERGREEN SOLAR: Creditors Committee Opposes Quick Sale
EVERGREEN PLAZA: Normandie Files Schedules of Assets and Debts
FARENCO SHIPPING: Seeks Recognition of B.V.I. Liquidation

FBJ REAL: Case Summary & 4 Largest Unsecured Creditors
FITNESS RESOURCE: Case Summary & 20 Largest Unsecured Creditors
FLINTKOTE MINES: Further Amends Chapter 11 Plan
FTB, INC.: Case Summary & 4 Largest Unsecured Creditors
FULL CIRCLE: Plan Exclusivity Extended Until Nov. 2

FULL CIRCLE: Hires Robert Wilcox & Brennan as Counsel
GAME TRADING: Posts $7.8 Million Net Loss in 2nd Quarter
GBO INC: Suspends Operations; Plans to Restructure Under BIA
GELT PROPERTIES: Files Schedules of Assets and Liabilities
GENTIVA HEALTH: Moody's Downgrades Corp. Family Rating to 'B1'

GIORDANO'S ENTERPRISES: Lease Decision Period Extended to Feb. 28
GLOBAL CROSSING: GCUK Incurs GBP5.27 Million Second Quarter Loss
GREAT ATLANTIC: Files Plan to Mediate $1.3 Billion in Claims
H & H HOLDING: Voluntary Chapter 11 Case Summary
HARRY & DAVID: Implements Confirmed Chapter 11 Plan

HAWAII MEDICAL: Patient Care Ombudsman Taps Lyons Brandt
HAWAII MEDICAL: Amends Plan to Accommodate Committee's Objection
HCA HOLDINGS: Conference Call Held to Discuss Operating Results
HEARUSA INC: Plans to Propose Chapter 11 Plan of Liquidation
HELSON ENTERPRISES: Case Summary & 3 Largest Unsecured Creditors

HILLSIDE VALLEY: Court Denies Application to Employ Fin'l Agent
HOVNANIAN ENTERPRISES: Fitch Affirms 'CCC' Issuer Default Rating
HUNTSMAN CORP: S&P Raises Corporate Credit Rating to 'BB-'
HYMAN FAMILY: Yossing Dangor Acquires Assets for $775,000
IMPERIAL RESOURCES: Posts $83,300 Net Loss in June 30 Quarter

INNER CITY: Reaches Deal With Lenders on Chapter 11 Plan
J&M MUSA: Case Summary & 4 Largest Unsecured Creditors
J-N CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
INNOVATIVE CONSTRUCTION: Voluntary Chapter 11 Case Summary
JACKSON RENTAL: Case Summary & 6 Largest Unsecured Creditors

JCK HOTELS: Committee Proposes Medina Law Group as Counsel
JOSEPH LOOMIS: Amends Settlement Agreement with SupportSave
KAIROS HEALTHCARE: Case Summary & 20 Largest Unsecured Creditors
KERENSA INVESTMENT: Case Summary & 5 Largest Unsecured Creditors
KINGWOOD PROFESSIONAL: Voluntary Chapter 11 Case Summary

LANDMARK MEDICAL: Steward's Bid to Buy Landmark Still in the Works
LAURAGINA PROFESSIONAL: Case Summary & Creditors List
LEE ENTERPRISES: Lenders Extend Loan Maturities to 2015 and 2017
LOFTS ON THE PARK: Case Summary & 17 Largest Unsecured Creditors
LRJC, INC.: Case Summary & 20 Largest Unsecured Creditors

MACCO PROPERTIES: Court Denies Owner's Motion to Dismiss
MARCO BUILDING: Case Summary & 5 Largest Unsecured Creditors
MARCO POLO: Lender Wants Seaarland Case Tossed for No U.S. Ties
MARCO POLO: Can Use RBS and Credit Agricole Cash Collateral
MARCO POLO: Court Approves Blank Rome as Committee's Attorney

MILLER BROTHERS: Case Summary & 20 Largest Unsecured Creditors
MC INVESTMENT: Voluntary Chapter 11 Case Summary
MYSTIC PALMS: Case Summary & 7 Largest Unsecured Creditors
NAPA HOME: Price Rises 526% at Bankruptcy Auction
NATIONAL TAX: Case Summary & 15 Largest Unsecured Creditors

NC AUTO: Case Summary & 14 Largest Unsecured Creditors
NORTEL NETWORKS: 3rd Circ. Takes on Nortel UK Pension Row
NORTHAMPTON GENERATING: S&P Affirms 'CC' Rating on $153MM Bonds
O&G LEASING: Objects to Motion to Prohibit Cash Collateral Use
O&G LEASING: Opposes Conversion of Case to Chapter 7

O&G LEASING: Objects to SolstenXP-Led Sale Process
OLSEN AGRICULTURAL: Plan Filing Deadline Extended to Sept. 29
OMEGA NAVIGATION: HSH Nordbank Wants Lift Stay to Take Ships
OMEGA NAVIGATION: Panel Taps First Int'l as Financial Advisors
OMEGA NAVIGATION: Committee Taps Winston & Strawn as Local Counsel

OXFORD EXPO: Bankr. Ct. Rules on Jurisdiction in Questex Issue
PALM HARBOR: Debtor Renamed to PHH Liquidation Following Sale
PASSIONATE PET: Posts $415,100 Net Loss in June 30 Quarter
PEARLAND SUNRISE: Negotiated Cash Collateral Use Thru Oct. 18
PEARLAND SUNRISE: Files Modified Reorganization Plan

PEGASUS RURAL: Creditors Have Until Nov. 4 to File Claims
PIERINO REALTY: Case Summary & 2 Largest Unsecured Creditors
PLEASANTVIEW. LLC: Voluntary Chapter 11 Case Summary
PORTNEUF ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
PUBLIC MEDIA: Gregory Waring Resigns as President and COO

QUANTUM FUEL: Delays Filing of Quarterly Report on Form 10-Q
QUECHAN INDIA: Fitch Affirms Government Project Bonds at 'CCC'
REDLAND 1604: Voluntary Chapter 11 Case Summary
RIVER BRIDGE: Voluntary Chapter 11 Case Summary
SCHAFFER LOGGING: Case Summary & 20 Largest Unsecured Creditors

S & A REALTY: Court Rules on A&H Motors Lease Dispute
SHENGDATECH INC: Court Approves Garden City as Claims Agent
SKYWAY USA: Case Summary & 17 Largest Unsecured Creditors
SMITH JONES: Case Summary & 20 Largest Unsecured Creditors
SOLYNDRA LLC: Becoming Political Football on Government Investment

SOURCEGAS LLC: Fitch Assigns Initial 'BB+' Issuer Default Rating
SOUTH OF THE STADIUM: Plan Outline Hearing Set for Oct. 19
SPIRIT FINANCE: Moody's Affirms 'Caa1' Corporate Family Rating
SPOKANE HOME: Voluntary Chapter 11 Case Summary
SRA INTERNATIONAL: S&P Assigns 'B' Corporate Credit Rating

SW BOSTON: Has Until Today to Contest Perfection of Liens
SYMPHONY 44: Case Summary & 13 Largest Unsecured Creditors
TAO-SAHI: Files Disc. Statement for Plan, Hearing Set for Oct. 26
TOWNSEND CORPORATION: Case Summary & Creditors List
TRADE UNION: Can Use Cash Collateral of Bank Group Thru Sept. 16

TRADEWINDS INVESTMENTS: Case Summary & Creditors List
TRANSDIGM INC: S&P Affirms 'B+' Corporate Credit Rating
TWO HEARTS: Case Summary & 7 Largest Unsecured Creditors
UNLIMITED LOCATIONS: Case Summary & 12 Largest Unsecured Creditors
WASHINGTON MUTUAL: Court Rejects Revised Plan, Wants Mediation

WELLINGTON AND PULASKI: Voluntary Chapter 11 Case Summary
WEST END FINANCIAL: Files Liquidating Chapter 11 Plan
WRIGHTWOOD CONDOMINIUMS: Case Summary & 3 Largest Unsec Creditors
ZIVILI DEVELOPMENT: Case Summary & 20 Largest Unsecured Creditors

* Despite Ch. 11 Woes, Sun Still Shines on US Solar
* Liquidity Downgrades Exceed Upticks 2 Months in a Row
* Small-Business Confidence Dips to Lowest Level Since July 2010
* FDIC Wants Riskiest Firms' 'Living Wills' By July

* Lawmakers Consider Banning Bankruptcy "Forum Shopping"

* Bankruptcy Expert Elizabeth Warren to Run for U.S. Senate

* Horwood Marcus Snags Finance, Bankruptcy Quartet From Dykema
* Roy Lewis Joins ESBA's Baltimore Office as Managing Director

* Recent Small-Dollar & Individual Chapter 11 Filings


                            *********


100 WEST: Case Summary & 19 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: 100 West Park LLC
        100 West Park Avenue, Suite 204
        Long Beach, NY 11561

Bankruptcy Case No.: 11-76459

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Robert E. Grossman

Debtor's Counsel: Roy J. Lester, Esq.
                  LESTER & ASSOCIATES
                  600 Old Country Road, Suite 229
                  Garden City, NY 11530
                  Tel: (516) 357-9191
                  Fax: (516) 357-9281
                  E-mail: rlester@rlesterlaw.com

Scheduled Assets: $2,207,541

Scheduled Debts: $3,455,921

A list of the Company's 19 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/nyeb11-76459.pdf

The petition was signed by Leo Zucker, managing member.


ADVANTA CORP: Judge Dismisses Shareholder Class Claims
------------------------------------------------------
Ian Thoms at Bankruptcy Law360 reports that former directors of
Advanta Corp. and its outside auditor KPMG LLP on Friday managed
to nix most claims in a Pennsylvania class action alleging they
hid the company's bleak financial outlook from investors.

U.S. District Judge Cynthia M. Rufe dismissed all the claims
against auditor KPMG and most of those against the Advanta
directors and executives, including CEO Dennis Alter and President
William Rosoff, finding the shareholder plaintiffs had largely
failed to tie the defendants' alleged misstatements and omissions
to their losses, according to Law360.

                       About Advanta Corp.

Advanta Corp. -- http://www.advanta.com/-- issues business
purpose credit cards to small businesses and business
professionals in the United States. Advanta primarily funds and
operates its business credit card business through Advanta Bank
Corp., which offers a range of deposit products that are insured
by the Federal Deposit Insurance Corporation.

In June 2009, the FDIC placed significant restrictions on the
activities and operations of Advanta Bank, as the Bank's capital
ratios were below required regulatory levels.

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

As reported in the TCR on Feb. 15, 2011, Advanta Corp. obtained an
order from Bankruptcy Judge Kevin Carey confirming its Chapter 11
plan.  The Plan was unanimously approved by seven of the 11
creditor classes.


AAB, LLC: Case Summary & Largest Unsecured Creditor
---------------------------------------------------
Debtor: AAB, LLC
        10555 Norden Avenue
        Mather, CA 95655

Bankruptcy Case No.: 11-41866

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Christopher M. Klein

Debtor's Counsel: Paul E. St. Amant, Esq.
                  LAW OFFICE OF PAUL ST. AMANT
                  8600 Utica Avenue, #100
                  Rancho Cucamonga, CA 91730
                  Tel: (909) 660-8760

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

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

The petition was signed by Barnett Altman, partner.

The list of unsecured creditors filed together with its petition
contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
WestAmerica Bank                   Commercial Property  $1,993,065
Fairfield Credit Administration
4550 Mangels Boulevard
P.O. Box 1200 NAC A-1B
Suisun City, CA 94585


AES PUERTO RICO: Fitch Cuts Rating on Revenue Bonds to 'BB+'
------------------------------------------------------------
Fitch Ratings has downgraded AES Puerto Rico L.P.'s (AES-PR)
$161.87 million tax-exempt senior cogeneration facility revenue
bonds due 2026 and $33.1 million taxable senior cogeneration
facility revenue bonds due 2022 to 'BB+' from 'BBB-'.  The Rating
Outlook remains Negative.

The downgrade reflects continuing volatility in availability
leading to reduced capacity payments, and costs significantly
exceeding original forecasts at levels expected to persist.  The
Negative Outlook reflects operational issues, which could reduce
cash flows to a level consistent with a lower rating.

KEY RATING DRIVERS:

-- Revenue Stability: The 25-year tolling-style power purchase
    agreement (PPA) with an investment-grade counterparty, Puerto
    Rico Electric Authority (PREPA; rated 'BBB+', with a Stable
    Outlook by Fitch), effectively mitigates energy and coal price
    risk through the debt term.  However, failure to maintain PPA
    availability thresholds has reduced fixed capacity payments.

-- Operating Cost Profile: The project's operating costs have
    been and are expected to continue rising due to additional
    costs associated with corrective and preventative maintenance
    and repairs, as well as increased coal prices beginning in
    2013.  Fitch notes that the project's heat rate has
    consistently exceeded the PPA contracted heat rate.

-- Additional Forced Outages: AES-PR has been susceptible to
    forced outages that have reduced availability.  Management has
    taken a proactive approach to limiting future forced outages
    by making corrective repairs when necessary and establishing
    ongoing monitoring and testing.  However, outages have
    persisted and it remains unclear whether completed and
    scheduled repairs will be sufficient to achieve targeted
    availability levels.

-- Ash Management: AES-PR continues to actively manage its ash
    inventory via the sale of its AGREMAX product and raw ash for
    the construction of rural roads, landfill covers, and waste
    water stabilization. Currently, all sales are on a project-by-
    project basis, but management indicated that there has been
    interest for a long-term solution.  Fitch believes that AES-
    PR's efforts have helped to offset near-term concerns, but
    cash flow uncertainty is increased without a permanent
    solution to ash management.

WHAT COULD TRIGGER A RATING ACTION:

-- Reduced Availability: Failure to improve and sustain
    equivalent availability factors above 90% resulting in lower
    revenues and debt service coverage ratios (DSCRs).

-- Higher Operating Cost Profile: An inability to effectively
    manage costs that reduces operating margins and cash flow
    available for debt service.

SECURITY:

All project revenues, controlled bank accounts, and security
interest in the contract rights of AES-PR.

CREDIT SUMMARY:

Management has been proactive in making repairs and scheduling
regular inspections/tests to reduce the number and financial
impact of future forced outages, but outages may persist going
forward leading to lower capacity revenues.  Increased operating
costs include higher coal pricing for a supply contract in 2013
with initial estimates approximately 25% higher than current
prices.

Although fuel costs are recovered under the PPA, the project's
heat rate is above the contracted heat rate and the potential
financial impact is a credit concern.  Fitch notes that major
turbine overhauls in 2012 and 2013 are expected to improve
efficiency and reduce heat rates, which should have a favorable
impact on cash flows.  The project should demonstrate availability
factor stability, as well as operational and financial benefits
from the additional preventative costs being incurred by the
project, in order to resolve the Rating Outlook.

Fitch believes that AES-PR's higher operating cost profile and
lower availability have significantly reduced financial
flexibility at the project.  Rating Case DSCRs based on stressed
levels of availability, costs, heat rates, and interest rates
suggest coverage could fall below 1.4 times (x), consistent with
the assigned rating category, and may fall below 1.2x following
contractually reduced capacity payments as the bonds near
maturity.  Fitch notes that the back-loaded debt service profile
of the senior bonds increases bondholders' exposure to longer
term operational challenges.

AES-PR is a special purpose entity that is an indirect wholly
owned facility of AES Corporation (rated 'B+', Stable Outlook).
The project was formed in 1994 to own and operate a net 454.3
megawatt coal-fired circulating fluidized bed combustion power
plant in Guayama, Puerto Rico.  The project's main revenue sources
are capacity and energy sales to PREPA under the terms of a 25-
year PPA, which is a modified tolling agreement that reimburses
fuel, subject to heat rate requirements, and certain operating
costs.


AGRISOLAR SOLUTIONS: Reports $384,100 Net Income in June 30 Qtr.
----------------------------------------------------------------
AgriSolar Solutions, Inc., filed its quarterly report on Form 10-
Q, reporting net income of $384,118 on $5.6 million of revenue for
the three months ended June 30, 2011, compared with a net loss of
$31,461 on $2.9 million of revenue for the same period of 2010.

The Company's balance sheet at June 30, 2011, showed $15.7 million
in total assets, $9.9 million in total liabilities, and
stockholders' equity of $5.8 million.

As reported in the TCR on July 19, 2011, HKCMCPA Company Limited,
in Hong Kong, expressed substantial doubt about AgriSolar
Solutions' ability to continue as a going concern, following the
Company's results for the fiscal year ended March 31, 2011.
The independent auditors noted that the Company has suffered from
negative operating cash flows and accumulated deficit.

A copy of the Form 10-Q is available at http://is.gd/0WC3Ww

Denver, Colorado-based AgriSolar Solutions, Inc., is principally
engaged in the design, manufacture, distribution and sales of
solar energy saving, insect killer and plastic products in the
People's Republic of China and overseas.


AIH ACQUISITIONS: Bankr. Ct. Lacks Authority to Dismiss Claims
--------------------------------------------------------------
District Judge John McBryde reversed a bankruptcy court order
dismissing with prejudice claims asserted by Susan and Scott
Meyers in an amended petition in intervention against Textron
Financial Corporation in an adversary proceeding in the Chapter 7
case of AIH Acquisition, LLC.

The parties state the issue as involving "jurisdiction" of the
bankruptcy court.

In his Sept. 7, 2011 Memorandum Opinion and Order, Judge McBryde
said the "jurisdiction" dispute turns not on whether the
bankruptcy court had jurisdiction but on whether the bankruptcy
court had the constitutional authority to enter a final judgment
in the form of the dismissal with prejudice.  He held that the
plurality decision in Stern v. Marshall, No. 10-179, 564 U.S. ___,
131 S.Ct. 2594 (June 23, 2011), when applied to the Meyerses'
case, leads to the conclusion that the bankruptcy court lacked the
constitutional authority to render the judgment of dismissal with
prejudice.

The case before the District Court is, SCOTT MEYERS, ET AL.,
Appellants, v. TEXTRON FINANCIAL CORPORATION, Appellee, No. 4:11-
CV-379-A (N.D. Tex.).  A copy of Judge McBryde's decision is
available at http://is.gd/Uspiurfrom Leagle.com.

        About American IronHorse Motorcycle & AIH Acquisition

Based in Fort Worth, Texas, American IronHorse Motorcycle Company,
Inc., designed, manufactured, and marketed custom v-twin
motorcycles.  AIH marketed its motorcycles through a national
network of more than 100 dealers and pursued international sales
in Canada and the United Kingdom.

On March 25, 2008, American IronHorse consented to the move by a
group of creditors to place the company under chapter 11
bankruptcy protection before the United States Bankruptcy Court
for the Northern District of Texas, Fort Worth Division.  On the
same day, the Bankruptcy Court entered an order for relief under
Chapter 11 of the U.S. Bankruptcy Code.

Three creditors -- AG Nichlos, Jr., William E. Buford and Jim
Graham -- filed the involuntary petition against the company on
Feb. 29, 2008.  The petitioners were owed $120,000 by the company.

The petitioner's counsel was Troy D. Philips, Esq., at Glast,
Phillips & Murray, PC, in Dallas, Texas.  Vincent P. Slusher,
Esq., at Beirne Maynard & Parsons, LLP, represented the Debtor.

Textron Financial Corp. was the primary lender to American
IronHorse prior to its bankruptcy, and supplied credit to AIMC's
dealers to finance dealer floor plans for the purchase of products
from AIMC.

AIH Acquisition, LLC, was formed by Susan and Scott Meyers after
commencement of AIMC's bankruptcy for the purpose of creating an
entity for use in the purchase of assets from the AIMC bankruptcy
estate.  Because all of AIMC's assets were collateral for the debt
owed by AIMC to Textron, negotiations related to the acquisition
of AIMC assets occurred between the Meyerses, acting for AIH, and
Textron.  In June 2008 the bankruptcy court approved the sale of
substantially all of AIMC's assets to AIH.

AIH Acquisitions filed for bankruptcy (Bankr. N.D. Tex. Case No.
09-42480) on April 30, 2009.  Judge Russell F. Nelms presides over
the case.  Cynthia Williams Cole, Esq., and Vincent P. Slusher,
Esq. -- ccole@bmpllp.com -- at Beirne Maynard & Parsons, LLP,
served as the Debtor's bankruptcy counsel.  In its petition, the
Debtor estimated $1 million to $10 million in assets and $10
million to $50 million in debts.  The petition was signed by Scott
Meyers, manager of the Company.

The AIH bankruptcy case was converted from Chapter 11 to Chapter 7
in April 2010.


ALLEN FAMILY: Unsecured Creditors Sue Lender Over Sale Proceeds
---------------------------------------------------------------
Katy Stech, writing for Dow Jones' Daily Bankruptcy Review,
reports that unsecured creditors of Allen Family Foods Inc. filed
a lawsuit on Monday to:

     (1) block the Debtor's biggest lender -- a group led by
         MidAtlantic Farm Credit ACA -- from taking what
         remains of the proceeds from the $45.2 million sale of
         the company to cover the liens the lender had on
         nearly all of the company's assets before it sought
         Chapter 11 bankruptcy protection; and

     (2) demand that the lender group prove the validity of the
         liens they claim to have on Allen Family Foods-owned
         properties, which unsecured creditors have questioned.

DBR relates the lawsuit marks one of the first steps taken by
unsecured creditors to ensure that they recover something from the
struggling company's sale.  DBR notes the remaining pool of sale
money would barely pay off the lender's higher-ranking pre-
bankruptcy loans -- a sum that tops $80 million --- before lower-
ranking creditors have a chance to be paid, according to court
papers.

As reported by the Troubled Company Reporter on July 29, 2011, the
Debtor won the bankruptcy judge's approval to sell its assets to a
U.S. affiliate of Korean poultry producer Harim Co. Ltd.  The sale
was approved despite creditors' questions about the administrative
solvency of the case, according to Bankruptcy Law360.

The deal closed last week, infusing the company's bankruptcy
estate with nearly $45.2 million, DBR relates, citing court
documents.

DBR notes the pool of money has already been drained by a few top-
priority expenses, such as the $12.7 million bankruptcy loan the
company spent to keep the chicken processor operating as usual
while under protection.  It also paid a $2.1 million consolation
prize to rival poultry processor Mountaire Farms, which offered
the first auction bid but couldn't keep up with escalating offers.

DBR relates attorneys for the company's bankruptcy estate are now
putting together a payout plan that will distribute the sale money
to creditors, who will eventually be put into classes based on the
priority of their claims.

                    About Allen Family Foods

Allen Family Foods Inc. is a 92-year-old Seaford, Del., poultry
company.  Allen Family Foods and two affiliates, Allen's Hatchery
Inc. and JCR Enterprises Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 11-11764) on June 9, 2011.
Allen estimated assets and liabilities between $50 million and
$100 million in its petition.

Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young,
Conaway, Stargatt & Taylor, in Wilmington, Delaware, serve as
counsel to the Debtors.  FTI Consulting is the financial advisor.
BMO Capital Markets is the Debtors' investment banker.  Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

Roberta DeAngelis, U.S. Trustee for Region 3, appointed seven
creditors to serve on an Official Committee of Unsecured Creditors
in the Debtors' cases.  Lowenstein Sandler PC and Womble Carlyle
Sandridge & Rice, PLLC, serve as counsel for the committee.  J.H.
Cohn LLP serves as the Committee's financial advisor.


ALLEN FAMILY: Creditors Have Until Nov. 14 to File Claims
---------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware set Nov. 14, 2011, at 4:00 p.m., as the
deadline for creditors of Allen Family Foods Inc. and its debtor-
affiliates to file proofs of claim.

The Debtors said they will provide good, sufficient, and due
notice to all creditors and equity interest holders of their
rights and obligations in connection with claims they may assert
against the Debtors' estate in these Chapter 11 cases.

                      About Allen Family

Allen Family Foods Inc. is a 92-year-old Seaford, Del., poultry
company.

Allen Family Foods and two affiliates, Allen's Hatchery Inc. and
JCR Enterprises Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-11764) on June 9, 2011.  It estimated
assets and liabilities between $50 million and $100 million in its
petition.

Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young,
Conaway, Stargatt & Taylor, in Wilmington, Delaware, serve as
counsel to the Debtors.  FTI Consulting is the financial advisor.
BMO Capital Markets is the Debtors' investment banker.  Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

Lowenstein Sandler PC and Womble Carlyle Sandridge & Rice, PLLC,
serve as counsel for the official committee of unsecured
creditors.  J.H. Cohn LLP serves as the Committee's financial
advisor.


ALLEN FAMILY: Unsecured Creditors Sue Over Sale Proceeds
--------------------------------------------------------
Dow Jones' DBR Small Cap reports that unsure who will recover
money from poultry producer Allen Family Foods Inc.'s $45.2
million sale, unsecured creditors want a bankruptcy judge to make
sure that the Delaware company's biggest lender can't simply take
it all.

                      About Allen Family

Allen Family Foods Inc. is a 92-year-old Seaford, Del., poultry
company.

Allen Family Foods and two affiliates, Allen's Hatchery Inc. and
JCR Enterprises Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-11764) on June 9, 2011.  It estimated
assets and liabilities between $50 million and $100 million in its
petition.

Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young,
Conaway, Stargatt & Taylor, in Wilmington, Delaware, serve as
counsel to the Debtors.  FTI Consulting is the financial advisor.
BMO Capital Markets is the Debtors' investment banker.  Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

Lowenstein Sandler PC and Womble Carlyle Sandridge & Rice, PLLC,
serve as counsel for the official committee of unsecured
creditors.  J.H. Cohn LLP serves as the Committee's financial
advisor.


ALLEN SHIRLEY: BankEast Wins in Fraudulent Transfer Suits
---------------------------------------------------------
Bankruptcy Judge Richard Stair, Jr., held that the March 27, 2009
transfers of Allen Carter Shirley and Diane Winn Shirley's
interest in Caney Creek Tracts 1 and 2 to the Allen C. Shirley and
Diane W. Shirley Revocable Living Trust and Ruth W. Shirley are
avoidable under 11 U.S.C. Sec. 548(a)(1)(A) and (B) and Tennessee
Code Annotated Sec. 66-3-305(a) and recoverable for the benefit of
the Debtors' bankruptcy estate pursuant to 11 U.S.C. Sec.
550(a)(1).  The Court directed the Trust and Ruth Shirley to
execute and deliver appropriate deeds conveying their interests in
Caney Creek Tracts 1 and 2 back to the Debtors.

The avoidance actions are styled as, BANKEAST, in its capacity as
authorized Representative of the Estate of Allen Carter Shirley
and Diane Winn Shirley, Plaintiff, v. ALLEN CARTER SHIRLEY and
DIANE WINN SHIRLEY, as Trustees of the Allen C. Shirley and Diane
W. Shirley Revocable Living Trust, Defendants; and BANKEAST, in
its capacity as authorized Representative of the Estate of Allen
Carter Shirley and Diane Winn Shirley, Plaintiff, v. RUTH W.
SHIRLEY, Defendant, Adv. Proc. No. 10-3031., 10-3032 (Bankr. E.D.
Tenn.).

A copy of Judge Stair's Sept. 12, 2011 Memorandum is available at
http://is.gd/edsxSjfrom Leagle.com.

Allen Carter Shirley and Diane Winn Shirley filed a voluntary
Chapter 11 petition (Bankr. E.D. Tenn. Case No. 09-35259) on Sept.
22, 2009.  William E. Maddox Jr., Esq. -- wem@billmaddoxlaw.com --
serves as the Joint Debtors' counsel.  In their petition, the
Joint Debtors estimated $1 million to $10 million in assets and
debts.

On March 25, 2010, the Court gave BankEast derivative standing to
pursue avoidance of fraudulent conveyances.  BankEast filed a
Third Amended Plan of Reorganization dated Sept. 13, 2010.  The
Court confirmed the Plan on Oct. 22, 2010.  An order modifying the
Plan was entered on Jan. 6, 2011.  The confirmed plan, as
modified, provides for the auction sale of certain of the Debtors'
real property.

Attorneys for BankEast are:

          Wilson S. Ritchie, Esq.
          Rachel K. Powell, Esq.
          THE RITCHIE LAW FIRM, P.C.
          BankEast Building, Suite 1100
          607 Market St., P.O. Box 987
          Knoxville, TN 37902
          Tel: (865) 524-5353
          Fax: (865) 974-9615
          E-mail: writchie@ritlaw.com


AMERICAN APPAREL: Goodman & Company Holds 13.89% Equity Stake
-------------------------------------------------------------
In a Schedule 13G filing with the U.S. Securities and Exchange
Commission, Goodman & Company, Investment Counsel Ltd., disclosed
that it beneficially owns 12,381,667 common shares and 3,117,648
rights which are held within mutual funds or other client accounts
managed by the Company acting as Investment Counsel and Portfolio
Manager.  The number of shares represents 13.89% (partially
diluted) of the shares outstanding of American Apparel, Inc.  A
full-text copy of the filing is available for free at:

                        http://is.gd/NOEyDo

                       About American Apparel

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

American Apparel reported a net loss of $86.31 million on
$532.99 million of net sales for the year ended Dec. 31, 2010,
compared with net income of $1.11 million on $558.77 million of
net sales during the prior year.

The Company's balance sheet at June 30, 2011, showed
$331.66 million in total assets, $279.41 million in total
liabilities, and $52.25 million in total stockholders' equity.

The Wall Street Journal reports that Skadden, Arps, Slate, Meagher
& Flom has been advising the company on its recent restructuring
efforts alongside investment bank Rothschild Inc.

In April 2011, American Apparel said it raised $14.9 million in
rescue financing from a group of investors led by Canadian
financier Michael Serruya and private equity firm Delavaco Capital
Corp., allowing the casual clothing retailer to meet obligations
to its lenders for the time being.

                        Going Concern Doubt

Marcum LLP, in New York, in its audit report on American Apparel's
financial statements for the year ended Dec. 31, 2010, expressed
substantial doubt about the Company's ability to continue as a
going concern.

As of April 30, 2011, the Company had approximately $8,000,000 of
cash, approximately $8,900,000 of availability for additional
borrowings and $46,100,000 outstanding on the credit facility
under the BofA Credit Agreement and $1,400,000 of availability for
additional borrowings and $4,000,000 outstanding on the credit
facility under the Bank of Montreal Credit Agreement.  As May 10,
2011, the Company had approximately $5,941,000 available for
borrowing under the BofA Credit Agreement and $1,481,000 available
under the Bank of Montreal Credit Agreement.

The Company incurred a loss from operations of $13,091,000 for the
three months ended March 31, 2011, compared to a loss from
operations of $21,556,000 for the three months ended March 31,
2010.  The current operating plan indicates that losses from
operations may be incurred for all of fiscal 2011.

"If we are not able to timely, successfully or efficiently
implement the strategies that we are pursuing to improve our
operating performance and financial position, obtain alternative
sources of capital or otherwise meet our liquidity needs, we may
need to voluntarily seek protection under Chapter 11 of the U.S.
Bankruptcy Code," the Company said following its first quarter
results.


AMERICAN CARTAGE: Trustee, Not Lender, Owns Commercial Tort
-----------------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that
commercial tort claims, unlike other types of torts, belong to a
bankrupt company's trustee and typically wouldn't be collateral
for a secured creditor, the U.S. Court of Appeals in Boston ruled
on Aug. 31.  The case involved a company that eventually was
liquidated in Chapter 7.  The secured creditor was permitted to
foreclose virtually all of the assets. Later, the creditor brought
suit against a third party.  The bankruptcy trustee claimed he was
entitled to own the lawsuit.  The bankruptcy court ruled in favor
of the trustee, as did the district court and the Court of
Appeals, in a 23-page opinion by Circuit Judge Bruce M. Selya.
The case is City Sanitation LLC v. Allied Waste Services of
Massachusetts LLC (In re American Cartage Inc.), 10-2284, U.S. 1st
Circuit Court of Appeals (Boston).


AMT LLC: Gets Court Nod on $14.1-Mil. Loan from Omega Commercial
----------------------------------------------------------------
Judge William S. Shulman of the U.S. Bankruptcy Court for the
Northern District of Florida granted AMT, LLC, permission to enter
into a $14.1 million postpetition financing agreement with Omega
Commercial Finance Company.

As noted by the Troubled Company Reporter on Aug. 18, 2011, the
Omega loan is secured by the Debtor's 11.77 acres of waterfront
property located in Destin Pass, in Destin, Florida.  The property
is subject to a mortgage in favor of Jefferson Bank and Trust
Company, which is owed approximately $4,842,150 as of the petition
date.

Judge Shulman authorized the Debtor to close on the financing
transaction and pay the secured claim of Jefferson Bank, in full,
from the proceeds of the Omega loan, at closing.  The Debtor is
also authorized to pay all outstanding property taxes due on the
Destin property, which is the collateral for the loan.

The Debtor is also authorized to pay all documentary stamps,
intangible tax, recording fees, and other usual and necessary
closing costs, as may be required by the loan commitment to be
paid by Debtor, at closing.  However, no fees, as set forth in the
loan commitment letter dated May 26, 2011, will be paid until
approved by the Court following application to the Court for
approval of those fees.  If the closing takes place prior to
approval of the fees, the fees will be escrowed until approved.

All net proceeds after payment of all amounts approved by the
order to be paid at closing will be deposited into the DIP account
and will be escrowed until such time as the Debtor's Plan is
confirmed, at which time the funds will be distributed in
accordance with the confirmed plan.

The TCR also reported on Aug. 18 that the loan proceeds will be
used to pay all creditors in the Chapter 11 case in full.  The
interest on the loan is 10.75% p.a., payable monthly.  A complete
text of the terms of the financing is available at:

  http://bankrupt.com/misc/amtllc.dipfinancingmotion(omega).pdf

AMT, LLC, in Destin, Florida, filed for Chapter 11 bankruptcy
(Bankr. N.D. Fla. Case No. 11-30933) on May 27, 2011.  The
Debtor's major asset consisted of 11.77 acres of waterfront
property located in Destin Pass in Destin, Florida.  Judge William
S. Shulman presides over the case.  J. Steven Ford, Esq., at
Wilson, Harrell, Farrington, Ford, Wilson, Spain, & Parsons, P.A.,
in Pensacola, Fla., serves as the Debtor's counsel.  In its
schedules, the Debtor disclosed $30,679,648 in assets and
$5,060,823 in liabilities.


APTHORP: Anglo Irish Loan Sale Disputed in Suit Over Building
-------------------------------------------------------------
Dow Jones' DBR Small Cap reports that the owners of the Apthorp,
the famous West Side building undergoing a difficult condo
conversion, are suing their mortgage lender for selling the loan
to a Texas private equity firm, according to documents filed on
Monday in New York State Supreme Court.


ARCHBROOK LAGUNA: Court Sets Oct. 14 Claims Bar Date
----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
set Oct. 18, 2011, at 5:00 p.m., as the deadline for creditors of
Archbrook Laguna Holdings LLC and its debtor-affiliates to file
proofs of claim.

The Court set Jan. 4, 2012, at 5:00 p.m., as last day for the
creditors to file their claims against the Debtors.

All proofs of claim must be actually received no later than 5:00
p.m. prevailing Eastern Time on the applicable bar dates at:

  a) if sent by first-class U.S. mail (postage prepaid):

     ARCHBROOK LAGUNA HOLDINGS, LLC
     c/o The Garden City Group, Inc.
     P.O. Box 9792
     Dublin, OH 43017-5692

  b) if delivered in person, by courier service or by overnight
     delivery:

     ARCHBROOK LAGUNA HOLDINGS, LLC
     c/o The Garden City Group, Inc.
     5151 Blazer Parkway, Suite A
     Dublin, OH 43017-9306

  c) or by delivering the original Proof of Claim by hand to:

     United States Bankruptcy Court
     Southern District of New York
     One Bowling Green, Room 610
     New York, NY 10004-1408

                     About ArchBrook Laguna

ArchBrook was a procurement and distribution intermediary between
production companies and end retailers.  It distributed consumer
electronics, computers and appliances to principal customers that
include Wal-Mart Stores Inc., Best Buy Co. and Costco Wholesale
Corp.

ArchBrook disclosed assets of $246.2 million against debt totaling
$176.4 million as of March 31, 2011.

ArchBrook Laguna Holdings LLC and certain of its affiliates filed
voluntary petitions for reorganization under chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 11-13292) on
July 8, 2011.

Ira S. Dizengoff, Esq., Michael P. Cooley, Esq., and Alexis
Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York,
serve as bankruptcy counsel to ArchBrook Laguna.  The Company is
being advised by Macquarie Capital (USA) Inc. with respect to the
sale process and by Hawkwood Consulting LLC, whose founder Stephen
J. Gawrylewski is Chief Restructuring Officer of the Company.
Macquarie Capital (USA) Inc. is the financial advisor.
PricewaterhouseCoopers LLP is a consultant.

Cooley LLP, in New York, is the counsel for the Official Committee
of Unsecured Creditors.

In August 2011, ArchBrook Laguna LLC won approval to sell its
consumer electronics and appliances distribution business to
Gordon Brothers Group LLC for some $25 million, after fielding
offers at an auction.


ARCHBROOK LAGUNA: Has Deal With Creditors on Wind-Down Budget
-------------------------------------------------------------
Archbrook Laguna Holdings LLC and its debtor-affiliates entered
into an agreement with GE Capital Commercial Services acting as
administrative agent under that certain Senior Super-Priority
Debtor-in-Possession Credit Agreement dated as of July 12, 2011,
and the Official Committee of Unsecured Creditors regarding the
wind-down of the Debtors' estates with respect to the
sale of substantially all of the Debtors' assets.

The Debtors will promptly designate an already existing account or
establish a wind-down account at an authorized depository
institution reasonably acceptable to the DIP Agent and the United
States Trustee, with such account being an interest-bearing
account.  In addition, the Debtors will not deposit any other
funds or property into such Wind-Down Account or otherwise
commingle funds in the Wind-Down Account.

A full-text copy of the wind-down budget is available for free
at http://bankrupt.com/misc/ARCHBROOKLAGUNA_Budget.pdf

                     About ArchBrook Laguna

ArchBrook was a procurement and distribution intermediary between
production companies and end retailers.  It distributed consumer
electronics, computers and appliances to principal customers that
include Wal-Mart Stores Inc., Best Buy Co. and Costco Wholesale
Corp.

ArchBrook disclosed assets of $246.2 million against debt totaling
$176.4 million as of March 31, 2011.

ArchBrook Laguna Holdings LLC and certain of its affiliates filed
voluntary petitions for reorganization under chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 11-13292) on
July 8, 2011.

Ira S. Dizengoff, Esq., Michael P. Cooley, Esq., and Alexis
Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York,
serve as bankruptcy counsel to ArchBrook Laguna.  The Company is
being advised by Macquarie Capital (USA) Inc. with respect to the
sale process and by Hawkwood Consulting LLC, whose founder Stephen
J. Gawrylewski is Chief Restructuring Officer of the Company.
Macquarie Capital (USA) Inc. is the financial advisor.
PricewaterhouseCoopers LLP is a consultant.

Cooley LLP, in New York, is the counsel for the Official Committee
of Unsecured Creditors.

In August 2011, ArchBrook Laguna LLC won approval to sell its
consumer electronics and appliances distribution business to
Gordon Brothers Group LLC for some $25 million, after fielding
offers at an auction.


ARIZONA WIRE: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Arizona Wire & Tool, LLC
        6532 W. Flint Street, Suite 1
        Chandler, AZ 85226

Bankruptcy Case No.: 11-25937

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: George B. Nielsen Jr.

Debtor's Counsel: Donald W. Powell, Esq.
                  CARMICHAEL & POWELL, P.C.
                  7301 N. 16th St., #103
                  Phoenix, AZ 85020
                  Tel: (602) 861-0777
                  Fax: (602) 870-0296
                  E-mail: d.powell@cplawfirm.com

Scheduled Assets: $690,650

Scheduled Debts: $1,079,932

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

The petition was signed by Lisa M. Schroeder, managing member.


ASHTON ENERGY: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Ashton Energy Group, Inc.
        3234 Commander Drive
        Carrollton, TX 75006

Bankruptcy Case No.: 11-35839

Chapter 11 Petition Date: September 12, 2011

Court: U.S. Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Stacey G. Jernigan

Debtor's Counsel: Dennis Oliver Olson, Esq.
                  OLSON, NICOUD & GUECK, LLP
                  1201 Main Street, Suite 2470
                  Dallas, TX 75202
                  Tel: (214) 979-7300
                  Fax: (214) 979-7301
                  E-mail: denniso@dallas-law.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 Scott A. Riggs, president/CEO.


ATKORE INT'L: S&P Puts B+ Corp. Credit Rating on Watch Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services placed all of its ratings on
Harvey, Ill.-based metals fabricator Atkore International Inc.,
including the 'B+' corporate credit rating, on CreditWatch with
negative implications.

The CreditWatch listing indicates that there is a 50% likelihood
that Standard & Poor's will downgrade the company after completion
of its review.

"The CreditWatch listing reflects our assessment that the
company's near-term operating results will fall short of prior our
expectations," said Standard & Poor's credit analyst Fred Ferraro.

"Previously, we had assumed that nonresidential construction
activity would pick up, albeit modestly, during the latter part of
2011 and improve further in 2012," he continued. This would lead
to a rebound in demand for the conduit, cable, pipe and tube
products that Atkore produces. Atkore derives almost 60% of its
revenues from products sold to the non-residential construction
market.

However, it appears likely that the recovery in nonresidential
construction will take longer than previously expected.

Standard & Poor's expects to resolve the CreditWatch within the
next several weeks and that any downgrade would likely be limited
to one notch.


AUTOS VEGA: Euroclass Motors Taps Charles A. Cuprill as Counsel
---------------------------------------------------------------
Euroclass Motors Inc., a debtor-affiliate of Autos Vega, asks the
U.S. Bankruptcy Court for the District of Puerto Rico to for
permission to employ Charles A. Cuprill, P.S.C. Law Offices as
substitute counsel.  The firm will substitute McConnell Valdes,
LLC.

The Debtor has retained Cuprill as its counsel on the basis of a
$15,000 retained advanced by the Debtor's affiliate San Juan
Motors, Co., Inc.  The hourly rates of the firm's personnel are:

         Charles A. Cuprill-Hernandez, Esq.       $350
         Associates                               $225
         Junior Associates                        $200
         Paralegals                                $75

Mr. Cuprill-Hernandez, principal of the firm, assures the Court
that the firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

In a separate filing, Myrna L. Ruiz-Olmo (mruizolmo@cuprill.com)
notified the Court that she has withdrawn as counsel of record to
the Debtor.  Ms. Ruiz-Olmo added that Mr. Cuprill-Hernandez will
continue representing Debtor in the Chapter 11 case matter.

Ms. Ruiz-Olmo also requests that her name be removed from all
filings and notices in the present case.

                        About Autos Vega

Autos Vega, Inc., is a car dealership engaged in the sales of new
and used cars and trucks car parts, accessories and providing
vehicle repair and maintenance, based in San Juan, Puerto Rico.
The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
P.R. Case No. 11-05773) on July 6, 2011.  The case has been
assigned to Judge Sara E. DeJesus Kellogg.  The Debtor estimated
its assets and debts at US$10 million to US$50 million.

Antonio A. Arias-Larcada, Esq., and Yarilyn C. Perez-Colon, Esq.,
at McConnell Valdes LLC, in San Juan, Puerto Rico, serve as
counsel to the Debtor.  Luis R. Carrasquillo Ruiz, CPA, is the
Debtor's accountant.


AUTOS VEGA: Court OKs Settlement Stipulation with Reliable Finance
------------------------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico approved the settlement stipulation filed
by Euroclass Motors Inc., a debtor-affiliate of Autos Vega, and
Reliable Finance Holding Company.

Autos Vega, Inc., is a car dealership engaged in the sales of new
and used cars and trucks car parts, accessories and providing
vehicle repair and maintenance, based in San Juan, Puerto Rico.
The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
P.R. Case No. 11-05773) on July 6, 2011.  The case has been
assigned to Judge Sara E. DeJesus Kellogg.  The Debtor estimated
its assets and debts at $10 million to $50 million.

Antonio A. Arias-Larcada, Esq., and Yarilyn C. Perez-Colon, Esq.,
at McConnell Valdes LLC, in San Juan, Puerto Rico, serve as
counsel to the Debtor.  Luis R. Carrasquillo Ruiz, CPA, is the
Debtor's accountant.


AVION POINT: Files Amended Schedules of Assets & Liabilities
------------------------------------------------------------
Avion Point West LLC filed with the U.S. Bankruptcy Court for the
Middle District of Florida an amended schedules of assets and
liabilities, disclosing

     Name of Schedule              Assets         Liabilities
     ----------------           ------------      -----------
  A. Real Property               $18,000,000
  B. Personal Property               $75,314
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $8,254,057
  E. Creditors Holding
     Unsecured Priority
     Claims
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $984,000
                                ------------     ------------
        TOTAL                    $18,075,314       $9,238,057

In the original schedules, the Debtor disclosed $18,000,000 in
assets and $8,254,057 in liabilities.


A full-text copy of the Amended Schedules is available for free at
http://bankrupt.com/misc/AVIONPOINT_sal_amended.pdf

                      About Avion Point West

Based in Longwood, Florida, Avion Point West LLC and its
affiliate, Orlando Country Aviation Services Inc., filed for
Chapter 11 bankruptcy protection (Bank. M.D. Fla. Case Nos.
11-10364 and 11-10365) on July 8, 2011.  Judge Karen S. Jennemann
presides over the Debtors' cases.  Frank M. Wolff, Esq., at Wolff
Hill McFarlin & Herron PA, represents the Debtor.  The Debtor
estimated assets between $10 million and $50 million, and debts
between $1 million and $10 million.

The petitions were signed by James PA Thompson, the managing
member.  Mr. Thompson is the developer of Orlando Apopka Airport
in northwest Orange County.  During the past decade, Mr. Thompson
has transformed Orlando Apopka Airport, on U.S. Highway 441
between Plymouth and Zellwood, from an old airfield called Orlando
Country Airport into a complex of hangar condominiums whose owners
now control the facility.


BAY AREA GLASS: Panel Resolves Ambiguity in Sec. 547(c)(9) Defense
------------------------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that if a
security interest is granted during the 90-day preference period,
the entire security interest is voided, not just the portion in
excess of $5,475, the U.S. Bankruptcy Appellate Panel for the 9th
Circuit in San Francisco rule.  The case is Western States Glass
Corp. of Northern California v. Barris (In re Bay Area Glass
Corp.), 10-1525, U.S. 9th Circuit Bankruptcy Appellate Panel (San
Francisco).


BERNARD L. MADOFF: UniCredit Bank Austria Argues to Dismiss Suit
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that UniCredit SpA and subsidiary UniCredit Bank Austria
AG filed their last papers this week leading up to a Sept. 19
hearing where they will ask U.S. District Judge Jed Rakoff to
dismiss five counts from the complaint by Irving Picard, the
trustee liquidating Bernard L. Madoff Investment Securities Inc.

According to Mr. Rochelle, the UniCredit defendants were
responding to the trustee's papers where he was trying to convince
Judge Rakoff that his reasons for dismissing the largest part of a
separate $9 billion suit against HSBC Holdings Plc don't apply to
the UniCredit suit.  Where the Madoff trustee was trying to
justify claims under the Racketeer Influenced & Corrupt
Organizations Act, the UniCredit defendants contend that he failed
to allege any of the required predicate acts.

According to Mr. Rochelle, supporting the defense that RICO can't
be applied to events occurring outside the U.S., UniCredit said
the "nerve center" of the illegal scheme by Sonja Kohn was in
Europe.  The trustee's suit contends that Bank Medici AG and Sonja
Kohn, its founder, worked in tandem with Mr. Madoff going back at
least until the mid-1980s.  The trustee alleges that Ms. Kohn and
her bank funneled more than $9 billion into Mr. Madoff through
foreign investment funds.

The UniCredit case in district court is Picard v. Kohn, 11- 1181,
U.S. District Court, Southern District 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.


BIG DRIVE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Big Drive Cattle, L.L.C.
        3701 190th Avenue
        Cedar Rapids, NE 68627

Bankruptcy Case No.: 11-42415

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       District of Nebraska (Lincoln Office)

Debtor's Counsel: Patrick Raymond Turner, Esq.
                  HUSCH BLACKWELL SANDERS LLP
                  1620 Dodge Street, Suite 2100
                  Omaha, NE 68102
                  Tel: (402) 964-5093
                  Fax: (402) 964-5050
                  E-mail: patrick.turner@huschblackwell.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/neb11-42415.pdf

The petition was signed by Cecil Don Haun, managing member.


BLACKBOARD INC: Moody's Assigns 'B2' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service assigned the following first-time
ratings to Blackboard, Inc.: B2 corporate family and probability
of default ratings ("CFR" and "PDR", respectively), B1 ratings to
the proposed $100 million revolving credit facility and $780
million first lien term loan, and Caa1 rating to the proposed $350
million second lien term loan. The rating outlook is stable.

RATINGS RATIONALE

Blackboard's B2 CFR reflects the company's high financial
leverage, as Moody's calculates adjusted debt to EBITDA, of over
7x at closing. However, the rating is supported by Blackboard's
good and fairly predictable cash flows arising from its
subscription revenue model with high renewal rates of over 90% and
a diverse offering of educational software and services focused on
online teaching and learning. This cash flow expectation is based
on Blackboard's leading market position in educational software,
track record of profitable growth as a public company, and the
company's stable customer base which generates highly recurring
revenues. Moody's believes the company's position is well
entrenched within universities given the high reliance for its
functionality by faculty and students relative to its average
annual costs for its core product (about $50 thousand annually)
and potential switching costs.

The rating also considers the company's modest size and free cash
flow generation with the increased debt burden. To achieve future
revenue growth consistent with historical rates (e.g., double
digit organic growth rates), Moody's believes the company will
have to invest in new technology and services to cross sell into
existing customers and to expand both overseas and in the K-12
market. This will likely keep financial leverage relatively high
in the 6x range (with mid single digit free cash flow to debt
ratios) over the intermediate term, which is within Moody's
expectation for the B2 rating category.

Blackboard has very good liquidity profile as evidenced by its
solid cash flow from operations (projected annual free cash flow
in excess of $40 million) and available external liquidity in the
form of its undrawn $100 million revolving credit facility.
Blackboard has been free cash flow positive since its IPO in 2004
and enjoys predictable revenue due to its subscription model with
high renewal rates. Over the next twelve months, Moody's expects
that the company will comfortably meet cash needs from cash flow
and cash on hand.

The stable outlook reflects the good predictability of
Blackboard's subscription based business model as well as Moody's
expectation of management's plan to maintain its customer base
while growing the business and maintaining profitability. The
company's products have become a part of the teaching and learning
process, giving professors an efficient means of course
communication and content management. Moody's believes that
Blackboard's products grow increasingly ingrained in educational
circles as more content is loaded into the system and more users
are enabled.

To the extent that adjusted debt to EBITDA remains above 6.5 times
by the end of December 2012, downward ratings pressure could
arise. Positive ratings movement could arise if the company
sustains positive free cash flow to debt in the high single digits
with debt to EBITDA below 4.5 times.

These ratings were assigned:

Corporate Family Rating -- B2

Probability of Default Rating -- B2

$100 million secured revolving credit facility due 2016 -- B1
(LGD3 -- 34%)

$780 million 1st lien Term Loan due 2018 -- B1 (LGD3 -- 34%)

$350 million 2nd lien Term Loan due 2019 -- Caa1 (LGD5 -- 87%)

The rating outlook is stable.

The principal methodology used in rating Blackboard, Inc. was
Moody's Global Software Methodology, published in May 2009. Other
methodologies used include Loss Given Default for Speculative
Grade Issuers in the US, Canada, and EMEA, published June 2009.

Blackboard Inc., with projected annual revenues over $500 million,
is a leading provider of software applications to the education
industry for interactive teaching, learning, course management,
and campus life.


BLENKO GLASS: Could Exit Ch. 11 as Early as December
----------------------------------------------------
Curtis Johnson at the Herald-Dispatch reports attorney Steven
Thomas said that Blenko Glass could emerge from bankruptcy as
early as December

According to the report, the comment came and followed Blenko's
filing of a proposal this month to reorganize the 118-year-old
company.  The proposal must still win approval from the bankruptcy
judge and Blenko's creditors.  The court has not set any dates for
crossing those hurdles.

The report notes Blenko faced a debt that exceeded $3.24 million
when it sought Chapter 11 reorganization in May.  The company has
remained open.

The report relates that Blenko's current proposal reduces the
amount owed to many of its creditors.  It then promises to meet
those reduced obligations with cash generated by the company and
loans from its president Walter J. Blenko Jr. and its former vice
president Don B. Blenko Jr.

Messrs. Walter and Don Blenko would be next as the company would
offer shares of stock and another loan, as Blenko looks to repay a
$304,021 loan provided by the two in June 2005.  Nearly six years
of interest has increased the payoff to $411,070.

Specifically, Messrs. Walter and Don Blenko would each receive 100
shares of Blenko Glass's new common stock and a $25,000 note for
which the company would repay at six percent interest.  The new
loan would be secured by the company's glass plant and visitor's
center, a facility in Milton that appraised for $145,000.

The report says Big Two Mile Gas Company would step up third in
line and receive $26,845 cash upon Blenko's emergence.  That would
be less than four percent of the $709,686.96 that Blenko owed Big
Two Mile in May 2011.  Agreements between the company and Walter
and Don Blenko blocked liens Big Two Mile had on the company's
real estate and the first $200,000 of its personal property, which
includes $226,845 in furniture, fixtures, equipment and inventory.

The proposal then establishes a payment plan for Blenko to settle
10 years of personal property taxes owed to the Cabell County
Sheriff's Office.  Blenko would agree to pay $3,470 a month once
it emerged from bankruptcy.  Those payments would continue for
five years.

Blenko also would be required to fully pay $2,244.95 in state
taxes upon its emergence from bankruptcy.

Unpaid balances owed to Walter and Don Blenko, along with Big Two
Mile and multiple smaller claims would fall sixth in line totaling
$4.09 million.  The Company's proposal would settle those claims
by paying each creditor one percent of its claim tallying a total
payout of $40,878.

According to the report, Mr. Thomas believes Chapter 11
reorganization remains the best option for Blenko and its
creditors.  He argued for the proposal writing that environmental
concerns at the glass plant and visitor's center would greatly
diminish the facility's resale value.

Additionally, Mr. Thomas writes forcing Blenko into Chapter 7
liquidation would increase administrative costs and reduce the
value of Blenko's inventory.  That could result in creditors
receiving less than one percent of their claims.

Blenko Glass Company filed a Chapter 11 petition (Bankr. S.D.W.V.
Case No. 11-30332) on May 12, 2011.  Steven L. Thomas, Esq., at
Kay Casto & Chaney PLLC, in Charleston, West Virginia, serves as
counsel.  The Debtor estimated up to $1 million in assets and up
to $10 million in liabilities.


BMD LLC: Voluntary Chapter 11 Case Summary
------------------------------------------
Debtor: BMD, LLC
        3425 Meridian Way
        Winston Salem, NC 27104

Bankruptcy Case No.: 11-06886

Chapter 11 Petition Date: September 8, 2011

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

Judge:  Randy D. Doub

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

Scheduled Assets: $3,966,312

Scheduled Debts: $3,097,191

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

The petition was signed by David Molenaor, member/manager.


BROTHER SONNY: 341(a) Creditors' Meeting Scheduled for Oct. 13
--------------------------------------------------------------
Brother Sonny, LLC, will hold an 11 U.S.C. Sec. 341(a) meeting of
creditors on Oct. 13, 2011 at 12:00 p.m. prevailing Eastern time.
The meeting will be held at 341s - Foley Bldg, Room 1500, in Las
Vegas, Nevada.

Brother Sonny, LLC, in Boulder City, Nevada, is a land developer
and constructor of residential homes.  It filed for Chapter 11
bankruptcy (Bankr. D. Nev. Case No. 11-21798) on July 27, 2011.
Judge Bruce A. Markell presides over the case.  Lenard E.
Schwartzer, Esq., at Schwartzer & McPherson Law Firm, serves as
bankruptcy counsel.  In its petition, the Debtor estimated assets
and debts of $10 million to $50 million.  The petition was signed
by Randolph Schams, director of Rancris, Inc., its manager.


C & C PROPERTIES: Case Summary & 13 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: C & C Properties Of Charlotte, LLC
        5205 Hovis Rd.
        Charlotte, NC 28208

Bankruptcy Case No.: 11-32321

Chapter 11 Petition Date: September 7, 2011

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge:  J. Craig Whitley

Debtor's Counsel: R. Keith Johnson, Esq.
                  R. KEITH JOHNSON, P.A.
                  1275 South Hwy 16
                  Stanley, NC 28164
                  Tel: (704) 827-4200
                  Fax: (704) 827-4477
                  E-mail: rkjpa@bellsouth.net

Scheduled Assets: $6,680,500

Scheduled Debts: $5,103,716

A list of the Company's 13 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ncwb11-32321.pdf

The petition was signed by Chad A. Cooke, member/manager.


CANAL BENK: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Canal Benk Realty LLC
        1274 49th Street, Suite # 203
        Brooklyn, NY 11219

Bankruptcy Case No.: 11-47731

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Joel B. Rosenthal

Debtor's Counsel: Mark A. Frankel, Esq.
                  BACKENROTH FRANKEL & KRINSKY LLP
                  489 Fifth Avenue, 28th Floor
                  New York, NY 10017
                  Tel: (212) 593-1100
                  Fax: (212) 644-0544
                  E-mail: mfrankel@bfklaw.com

Scheduled Assets: $900,000

Scheduled Debts: $2,953,076

A list of the Company's four largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/nyeb11-47731.pdf

The petition was signed by Alexander Ashkenazi, managing member.


CEDAR FUNDING: Trustee Wins Avoidance Suit v. William M. Dwyer
--------------------------------------------------------------
Bankruptcy Judge Charles Novack granted summary judgment in favor
of the Chapter 11 trustee of Cedar Funding, Inc.'s bankruptcy
estate and against William M. Dwyer with respect to the first
claim for relief for avoidance and recovery of a $380,000
preferential transfer.  The trustee, R. Todd Nielson, sought to
avoid and recover the transfer of the debtor's interest in a note
and deed of trust to Mr. Dwyer.

Under the Chapter 11 Trustee's confirmed plan of reorganization,
Russell Burbank now serves as the plan administrator, and he now
holds the funds at issue in the adversary proceeding.

The case is R. TODD NEILSON, Trustee for Debtor, CEDAR FUNDING,
INC., v. WILLIAM M. DWYER, Adv. Proc. No. 09-5260 (Bankr. N.D.
Calif.).  A copy of the Court's Sept. 12, 2011 memorandum decision
is available at http://is.gd/1WEUQnfrom Leagle.com.

                      About Cedar Funding

Monterey, California-based mortgage lender Cedar Funding Inc.
-- http://www.cedarfundinginc.com/-- owned by real estate broker
David Nilsen, filed a Chapter 11 petition (Bankr. N.D. Calif. Case
No. 08-52709) on May 26, 2008.  CFI was alleged to be a Ponzi
scheme.  CFI accepted many millions of dollars from hundreds of
individuals who believed they were acquiring fractional interests
in loans that were secured by real property.  Many more invested
with CFI through a related entity, Cedar Funding Mortgage Fund
LLP, that acquired fractional interests in the name of the Fund.
CFI failed to record assignments of its deeds of trust that would
have provided security interests to most of its investors,
including the Fund.

R. Todd Neilson was appointed Chapter 11 trustee in the case.
Cecily A. Dumas, Esq., at Friedman, Dumas and Springwater, in San
Francisco, represented Mr. Neilson.  The Debtor estimated assets
of less than $50,000 and debts of $100 million to $500 million in
its Chapter 11 petition.

As reported by the Troubled Company Reporter on March 7, 2011, the
Bankruptcy Court confirmed the joint Chapter 11 plan of
liquidation proposed by R. Todd Neilson, and the Official
Committee of Unsecured Creditors.  According to the disclosure
statement explaining the Plan, holders of unsecured claims
aggregating $146 million are expected to recover 5% to 10% of
their allowed claims.  Holders of unsecured claims classified as
convenience claims -- expected to total $700,000 -- will each
receive a one-time payment of $2,000 and are projected to recover
100 cents on the dollar.


CENTRAL FALLS, R.I.: Receiver Voids Police Chief's 5-Year Contract
------------------------------------------------------------------
W. Zachary Malinowski at projo.com reports that Robert G. Flanders
Jr., the state-appointed receiver for the city of Central Falls,
Rhode Island, has voided the five-year contract of Col. Joseph P.
Moran III, chief of Central Falls police, the latest in a series
of moves to shave spending and reduce a projected deficit of
$25 million over the next five years in this insolvent city of
19,000 residents.

According to PROJO.com, Mr. Flanders filed papers in U.S.
Bankruptcy Court on Sept. 8, 2011, outlining his decision to
terminate the pact and eliminate nearly $10,000 in benefits that
Mr. Moran was scheduled to receive through Jan. 11, 2015.  The
takeaways include his longevity pay, $4,255; and an annual bonus
of $3,500 for earning a master's degree in criminal justice, the
report says.

Projo.com relates that Mr. Moran also will no longer get a
clothing, maintenance and equipment allowance totaling $2,175.
Instead, the allowance has been slashed to $1,000 to cover all of
the costs.

Mr. Moran, according to Projo.com, will continue to get his base
salary of $70,917, but, like the rest of the active and retired
police officers and firefighters, he must pay 20% toward his Blue
Cross & Blue Shield family plan.  That means that it will cost him
$2,775 for the medical coverage, the report notes.

Until now, PROJO.com relates, Mr. Moran had remained the last city
employee who was receiving 100% coverage.

Mr. Flanders said that there were two reasons for the move: save
the city money and treat Mr. Moran the same way the other police
and firefighters have been treated in the bankruptcy proceedings,
according to projo.com.

Meanwhile, projo.com reports that a Massachusetts agency hired by
the receiver to review the police and fire departments issued a
45-page report this week that proposes a wide range of cost-saving
measures including the elimination of the positions of police
chief and fire chief and replacing them with a public safety
commissioner.  The report, completed by Public Safety Strategies
Group of Townsend, Mass., also recommended merging or contracting
police and fire operations with a neighboring town, projo.com
adds.

                        About Central Falls

Central Falls is a city in Providence County, Rhode Island.  The
population was 18,928 at the 2000 census.  Central Falls is the
smallest and most densely populated city in Rhode Island.

Central Falls sought bankruptcy protection under Chapter 9 of the
U.S. Bankruptcy Code (Bankr. D. R.I. Case No. 11-13105) on Aug. 1,
2011.  The Chapter 9 filing was made after former Rhode Island
Supreme Court Judge Robert Flanders, who serves as state-appointed
receiver for the city, was unable to negotiate significant
concessions from unions representing police officers, firefighters
and other city workers.  The city grappled with an $80 million
unfunded pension and retiree health benefit liability that is
nearly quadruple its annual budget of $17 million.  Judge Robert
Flanders succeeded the role from retired Superior Court Associate
Justice Mark A. Pfeiffer, who was appointed in July 2010.  The
Central Falls receivership, the state's first, has left the mayor
and council without any power to govern.

Judge Frank Bailey presides over the Chapter 9 case.  Theodore
Orson, Esq., at Orson and Brusini Ltd., serves as bankruptcy
counsel to the receiver.


CHRISTIAN BROTHERS: Taps Omni as Claims & Administrative Agent
--------------------------------------------------------------
The Christian Brothers' Institute and The Christian Brothers of
Ireland, Inc., has been authorized by the U.S. Bankruptcy Court
for the Southern District of New York employ Omni Management Group
as (i) claims, noticing and balloting agent, and (ii)
administrative agent.

Omni will be paid as set forth on the pricing schedule in the
engagement agreement and reimbursed for out-of-pocket expenses
incurred after the Petition Date on account of the Services,
subject to Court approval.

The Christian Brothers' Institute and The Christian Brothers of
Ireland filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case Nos. 11-22820 and 11-22821) on April 28, 2011.
Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin LLP, in New
York, N.Y., serves as the Debtors' bankruptcy counsel.  In its
schedules, The Christian Brothers' Institute disclosed assets of
$63,418,267 and liabilities of $8,484,853 as of the Petition Date.
In its schedules, CBOI discloses assets of $1,091,084 and
liabilities of $3,622,500 as of the Petition Date.


CLARKE UNIVERSITY: Moody's Affirms 'Ba1' Rating on 1998 Bonds
-------------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 long-term rating on
Clarke University's (IA) (Clarke or the University) Series 1998
bonds issued through Dubuque County, Iowa, with $4.5 million
outstanding. The outlook remains stable.

SUMMARY RATING RATIONALE: The Ba1 rating is based on an
established market position with challenges for undergraduate
enrollment from a highly competitive student market and a
demographically challenged state, improved operating performance
driven by net tuition growth, an adequate financial resource
cushion relative to its low debt burden, but expected longer-term
capital needs for an aging campus.

STRENGTHS

* Established student market position as a small Catholic, liberal
  arts higher education institution located in Dubuque, Iowa.

* Improved operating performance based on sound budgeting
  practices and cost management efforts.

* Steady decrease in outstanding debt to $5.2 million as of August
  15, 2011.

* Adequate financial resource cushion, with expendable financial
  resources of $11.7 million cushioning total debt by 1.6 times.

CHALLENGES

* Long-term enrollment challenges for Clarke's core undergraduate
  and adult education (TimeSaver) programs from a highly
  competitive student market and small size combined with
  demographic declines for high school graduates in the state of
  Iowa.

* High reliance on student charges (86% of operating revenue as
  calculated by Moody's) underscoring the need to continue to grow
  net tuition revenue.

* Longer-term capital needs expected, with a very high age of
  plant (18.9 years in FY 2010 compared with 13 years for all Baa
  and below rated institutions).

DETAILED CREDIT DISCUSSION:

LEGAL SECURITY: The Series 1998 bonds are a general obligation of
the University. There is a debt service reserve fund funded at
maximum annual debt service.

DEBT STRUCTURE: The University's Series 1998 bonds are fixed rate,
but the University does carry $1.2 million of bank notes which
Moody's considers demand debt.

DEBT-RELATED DERIVATIVES: None

RECENT DEVELOPMENTS/RESULTS:

Clarke offers academic programs unique in the region, including a
Bachelors of Fine Arts, Doctorate of Physical Therapy, and a
number of adult completion degrees (TimeSaver programs). The
University is anticipating modest enrollment growth in fall 2011,
with total projected headcount of 1,286 versus 1,255 in fall 2010.
The improvement is largely due to stable undergraduate admissions
and improved retention of its full-time undergraduate students.
Clarke posted enrollment of 1,057 full-time equivalent (FTE)
students for fall 2010, up modestly from 1,032 in the prior year.
For the upcoming fall 2011, Clarke is projecting generally stable
enrollment. Clarke's TimeSaver programs continue to face
heightened competition from the University of Dubuque (not rated
by Moody's), local community colleges and Iowa public
universities.

The University remains highly reliant on student charges with
strong competition from regional institutions and community
colleges in Iowa and neighboring Illinois. Because of its small
size, Clarke is particularly vulnerable to any fluctuations in
enrollment and continued growth of net tuition revenue is a
critical credit factor. Student-derived charges (net tuition,
fees, and auxiliary revenue) comprised 86% of Moody's adjusted
operating revenue in FY 2010. In fiscal years 2010 and 2011, net
tuition revenues showed good growth, with net tuition per student
increasing 4.6% to $13,547 in FY 2010 and management is projecting
a similar increase for FY 2011. Clarke continues to add new
programs to boost its enrollment and program revenue diversity. In
2009, the University launched a Bachelors of Applied Science in
Information Technology degree that may provide employment
opportunities at the newly-opened IBM site in Dubuque. Clarke also
received a federal grant in 2010 to start a Doctorate of Nursing
Practice program that will begin with its first class of seven
students in fall 2011.

Moody's expects Clarke's operations to remain stable and balanced,
as calculated by Moody's, due to careful enrollment management and
cost management. For FY 2010, Clarke produced a three year average
operating margin of 0.9% and expects to report improved operating
performance in FY 2011 due to strong enrollment, improved cash
flow and fundraising. Operating cash flow has been sound, with an
annual operating cash flow margin of 8.9% for FY 2010 and
comparable results expected for FY 2011. However, Moody's notes
that debt service coverage has thinned slightly over the last
several years from 3.4 times coverage in FY 2007, but remains
satisfactory with annual debt service coverage of 1.8 times in FY
2010.

Clarke's balance sheet, while currently relatively unleveraged,
could face more pressure as the University pursues two major
capital projects in the next few years that may require additional
borrowing. The University has been aggressively paying down its
debt and rebuilding its financial resources after significant
investment losses in FY 2009. In FY 2010, Clarke had $13.5 million
in expendable financial resources as calculated by Moody's, which
cushions its current $5.2 million of debt outstanding by 2.6 times
and operations by 0.7 times. Clark is currently in the quiet phase
of a $30 million comprehensive capital campaign for which it has
already received its $10 million lead gift. The campaign will be
used to support the University's endowment ($10 million), a new
science building ($8 million), a new athletic facility ($6
million), to establish a $3 million endowment fund for the new
buildings and provide some campus beautification. Timing for both
the science building and athletic facility is dependent upon
fundraising, but both could result in up to $9 million of new debt
for the University, which would result in a considerably more
leveraged balance sheet. The University is reporting improved
total gift revenue of $1.8 million in FY 2011, up from $1.2
million in FY 2010.

Endowment investments produced a favorable return of 21.2% for the
twelve months ending 5/31/2011 and are diversified, with 38% in
fixed income, 18% in domestic equities, 16% in international
equities, 10% in real estate funds, 5% in commodities, 11% in
other alternatives, and 2% in cash.

Moody's notes that for the last several years Clarke University
has been in breach of the debt service coverage ratio covenant
under the Series 1998 bonds, but has received a waiver from the
Trustee, U.S. Bank, N.A., each year. The University is required to
maintain a debt service coverage ratio of 1.35 times, and failure
to do so could require full repayment of all outstanding bonds. As
of May 31, 2011, Clarke's debt service coverage ratio was 1.31
times and US Bank again waived its right to demand full repayment.
Should such a repayment become necessary, Moody's believes Clarke
shows sufficient liquidity to repay the bonds in full, with $18.7
million of calculated monthly liquidity and 346 monthly days cash
as of June 30, 2010. For FY 2011, Moody's expects resources to
show healthy growth, driven by investment gains, improved
fundraising and a positive operating performance.
Outlook

The stable outlook reflects Moody's expectation that Clarke will
continue to produce balanced operations through enrollment and net
tuition revenue growth despite its challenging market position,
and that the University will strengthen its balance sheet through
fundraising and operating surpluses in preparation for upcoming
capital initiatives.

WHAT COULD MAKE THE RATING GO UP

Sustained increased enrollment and net tuition growth;
consistently balanced operating performance, with growth in liquid
financial resources providing a greater cushion for debt and
operations

WHAT COULD MAKE THE RATING GO DOWN

Borrowing without commensurate growth of financial resources or
incremental revenues to cover debt service; decline in enrollment
and minimal to no growth in tuition revenues; persistent operating
deficits

KEY INDICATORS (FY 2010 financial results; Fall 2010 enrollment
data):

Total Enrollment: 1,107 full-time equivalent students

Expendable Financial Resources: $13.9 million

Total Financial Resources: $24.4 million

Monthly Liquidity: $18.7 million

Monthly Days Cash on Hand (unrestricted funds available within 1
month divided by operating expenses excluding depreciation,
divided by 365 days): 346 days

Total Direct Debt: $5.24 million (as of 5/31/2011)

Expendable Financial Resources to Debt: 2.6 times

Expendable Financial Resources to Operations: 0.66 times

Average Three Year Operating Margin: 0.9%

Operating Cash Flow Margin: 8.9%

Average Three-Year Debt Service Coverage: 2.23 times

Reliance on Student Charges: 86%

METHODOLOGY

The principal methodology used in this rating was U.S. Not-for-
Profit Private and Public Higher Education published August 2011.


COLLINGSWOOD BOROUGH: Moody's Cuts Rating on $27.8MM Debt to Ba1
----------------------------------------------------------------
Moody's Investors Service has downgraded to Ba1 from A1 the rating
on approximately $27.8 million in outstanding rated debt secured
by the Borough of Collingswood's (NJ) general obligation unlimited
tax pledge. Concurrently, Moody's has placed the rating on
Watchlist for further possible downgrade. Moody's expects to
conclude Moody's review within 90 days. Moody's review will focus
on the borough's ongoing efforts to meet its near-term note
payments through market access and possible restructuring.

SUMMARY RATING RATIONALE

The downgrade to Ba1 from A1 and the placement of the rating on
Watchlist reflects Moody's belief that Collingswood will be
challenged to make payments within the next 30 days on its own
notes and debt that it has guaranteed given its substantial
enterprise-related risk, narrow liquidity and uncertain market
access. The borough is a guarantor for a redevelopment loan of
approximately $8.5 million that matures on October 7, 2011. The
loan, which originated in May 2006, was expected to be repaid by
Lumberyard Redevelopment LLC, the developer of a residential and
office complex in the borough, from the proceeds of condominium
and office space sales.

Collingswood officials have requested from the lender, Thrift
Institutions Community Investment Corp. of NJ (TICIC), that the
loan maturity date be extended by one year, but the lender is
requiring the borough to reduce the loan balance to $4 million per
the loan agreement before an extension is considered. The borough
is currently introducing a bond ordinance that would allow it to
issue a BAN of $4.5 million, which would be used to purchase
unsold condominiums and pay the loan down to the stated $4
million.

Collingswood officials are concurrently negotiating an immediate
extension of the loan for one month to November 7, 2011 to give
the borough time to introduce and adopt its bond ordinance. If
this immediate extension is not granted, it is uncertain whether
the borough will meet its obligation, as the borough does not have
sufficient cash on hand to pay the $8.5 million that would be due.
Additionally, the borough has two unrelated BAN's outstanding of
$2.65 million that mature on Sept. 29, 2011, which the borough
plans to roll. With $1.24 million in cash as of the last audit,
12/31/10, the borough will need market access to meet these
payments as well.

The Ba1 rating also incorporates Collingswood's moderately-sized
tax base, average socioeconomic profile and elevated debt burden
as well as the city's narrowed financial position following four
years of Current Fund balance declines through fiscal 2010.

STRENGTHS

- History of positive equalized value growth through various
  redevelopment efforts

CHALLENGES

- Significant enterprise risk and guaranteed debt exposure

- Narrow financial position and recent cash flow borrowing

- High unemployment rate and declining population

- Elevated debt burden

DETAILED CREDIT DISCUSSION

SIGNIFICANT ENTERPRISE-RELATED RISK POSES CHANCE OF A GUARANTEED
DEBT OBLIGATION BEING CALLED UPON

In May of 2006, Lumberyard Redevelopment LLC ("the developer")
entered into an $18 million revolving bank loan to construct an
aggregate of 119 residential and 21 commercial units, collectively
known as the Lumberyard Condos. While debt service on the loan was
expected to be repaid by the developer as condos and office space
were purchased, the loan was also secured by a guaranty of
repayment from the Borough of Collingswood. The project was
expected to take five years to complete and fully occupy. The
recent recession and related downturn in the housing market caused
the project to be scaled back and left the developer struggling to
meet certain occupancy deadlines stated in the loan agreement as
well as pay down the principal of the loan.

The loan agreement between the lender and Lumberyard Redevelopment
LLC was subsequently modified in July 2009 and again in May 2010.
The most recent modified loan agreement amends the total amount of
the revolving bank loan to $10 million with a maturity date of
October 7, 2011. The current amount outstanding is approximately
$8.5 million. The developer is presently remitting 90% of the
gross sale price of each condominium sold to the lender per the
new loan agreement. There is currently no plan to proceed with the
commercial phase of the development without significant interest
from prospective tenants. Lumberyard Redevelopment LLC and borough
officials have asked the lender to extend the term of the loan by
one year to October 7, 2012, as allowed in the most recent
modified loan agreement. Collingswood officials have stated that
the lender is requiring the loan to be paid down to $4 million
before an extension is granted.

The borough is planning to issue $4.5 million in BANs and purchase
the vacant condos in the Lumberyard Complex so the developer can
pay down the loan to the stated $4 million. However, borough
officials have indicated that they require an immediate one month
extension of the loan to November 7, 2011 in order to have enough
time for officials to introduce and adopt the requisite bond
ordinance. Without this one-month extension, the borough may not
be able to solidify the financing in time to purchase the condos,
repay the lender and meet the eligibility requirements for a loan
extension. Moody's will continue to monitor the negotiations
between borough officials and the lender to see whether or not
this immediate extension is granted.

NARROWED FINANCIAL POSITION EXPECTED TO REMAIN PRESSURED

Moody's believes that Collingswood's financial position will
remain challenged over the medium term and highly pressured in the
near term given its recent history of structurally-imbalanced
operations, declining reserve levels and aggressive PILOT revenue
assumptions.

Collingswood sold property in 2006 that netted the borough $4.2
million in revenue, the proceeds of which have been used to
finance capital expenditures and a property improvement rebate
program for borough residents. Since 2006, the Current Fund
balance has declined from a healthy 41.9% of revenues to a narrow
6.2% in 2010 as this one-shot revenue item has been expended.

In fiscal 2010, the borough appropriated $576,000 of Fund Balance
and ended the year with a $149,000 draw down. State aid was
$307,000 less than in fiscal 2009, which the borough was able to
offset with increased fees, union concessions, layoffs and
attrition. The budgeted municipal purpose tax levy increased to
$9.1 million from $7.8 million in 2009 - an effective 17% increase
budget to budget but within the then-4% property tax cap when
exemptions are taken into account. The borough also issued $4
million in TANs in fiscal 2011 to augment its narrow cash
position, the first time it has required cash flow borrowing in at
least four years. Since fiscal 2006, the borough's cash balance at
year end has declined from a healthy 41.9% of revenues to a
limited 7.2% in fiscal 2010. Collingswood officials indicate that
the borough has not issued any TANs in fiscal 2011.

In formulating its fiscal 2011 budget, Collingswood appropriated
$372,000 of its remaining $1.1 million of Fund Balance and
management states that it will end the fiscal year with reserves
between $750,000 and $1.1 million, or approximately 7% of
revenues. The budgeted municipal purpose tax levy increased to
$9.4 million from $9.1 million in fiscal 2010.

The borough is currently budgeting for and receiving PILOT
payments from individuals purchasing condos in the Lumberyard
complex, having budgeted $411,000 in fiscal 2010 while actually
recognizing $463,000 in revenue. The PILOTs began in fiscal 2007
and are projected to go through fiscal 2022 with peak revenue of
approximately $1.1 million in fiscal 2017. In total, the borough
projects the PILOTs will net the borough $12.1 million for general
operations from 2007 to 2022. Moody's feels that these revenue
projections may be difficult to achieve, as the borough is
planning to rent vacant condos at the Lumberyard Complex in order
to have a revenue stream to pay the interest on the $4.5 million
BAN (if issued). Without new condo buyers and the associated PILOT
payments, the borough would have difficulty meeting its revenue
projections, which will put further pressure on its already
strained financial position.

MODERATELY-SIZED TAX BASE LOCATED OUTSIDE OF PHILADELPHIA; ONGOING
REDEVELOPMENT EFFORTS REMAIN STALLED

Moody's believes the borough's moderately-sized $1.1 billion tax
base will continue to grow at only a modest rate given its mature
and built out nature, regional softening in the housing market and
a declining population. Located in Camden County (G.O. rated
Aa2/negative outlook) 10 miles from Philadelphia (G.O. rated
A2/stable outlook), many in the primarily residential community
(84% of assessed value) commute to employment in Philadelphia and
surrounding communities via the Collingswood and Westmont stations
of the PATCO high speed passenger rail line and various state
highways. Collingswood's equalized value grew at a healthy five
year average annual rate of 14.7% through 2008, reflecting
redevelopment efforts and strong market appreciation, before
declining 1.2% in 2009. This decline was offset in 2010 when the
borough grew by a modest 1.2%.

For more than a decade, Collingswood has taken steps to redevelop
its downtown area and attract private investment in order to
construct mixed-used facilities situated around the borough's
train station. The borough was granted transit village status by
the New Jersey State Department of Transportation as part of the
state's smart growth effort to encourage residential and retail
development around transit hubs. Current redevelopment efforts are
concentrated around the Lumberyard Condos, which initially
included plans for 119 residential units and 21 commercial units
in four phases. These efforts have slowed with the softening of
the housing market and only one phase of forty residential and
eleven commercial units has been completed and fully occupied.
Subsequent phases have been scaled back, although management
indicates that prospective tenants have shown interest in phases
two and three which have a combined total of 56 units. The project
also includes a 132 car public parking facility which is complete
and in use and provides convenient access to the train station.

The borough also supports redevelopment through its efforts to
convert multi-family dwellings into single-family homes through
its duplex conversion program. Collingswood serves as a guarantor
with respect to duplex conversion loans for residents of the
borough. Over 200 conversions have taken place from over 500
multi-family units that were deemed eligible for the program. The
current outstanding liability with respect to the borough's
guarantee is approximately $299,000. The borough also recently
renovated its Scottish Rite auditorium which includes a theatre
and banquet facility. As a result of this development, the borough
now has a theatre district which has reportedly enhanced economic
activity. Collingswood's wealth and income levels are slightly
above those of the nation, with per capita and median family
incomes at 112.8% and 115.9% of the national medians,
respectively. Equalized value per capita is low at $79,310.
Between 1980 and 2000, the borough has lost approximately 19% of
its population, declining from 15,838 residents to 14,326.
Unemployment is also elevated, at 11% in June 2011 compared with
9.7% for New Jersey and 9.3% for the US. The combination of
declining population and high unemployment may further pressure
the borough's financial position and hamper timely condo sales and
rentals.

WHAT COULD MAKE THE RATING GO UP:

* Improved market access demonstrated by the ability to
  restructure near-term debt

* Significant augmentation of reserves

* Attainment of structurally balanced operations

* Material increases in the size of the taxable base

WHAT COULD MAKE THE RATING GO DOWN:

* An inability to repay or restructure near-term debt

* Lack of future market access

* Continued erosion of financial reserves

* Significant declines in tax base

* Future debt issuances that materially increase the borough's
  debt burden

KEY STATISTICS:

2000 population: 14,326 (6.3% decrease since 1990)

2010 equalized valuation: $1.1 billion

2010 equalized value per capita: $79,310

1999 Per Capita Income (as % of NJ and US): $24,358 (90.2% and
112.8%)

1999 Median Family Income (as % of NJ and US): $57,987 (88.7% and
115.9%)

Unemployment rate (June 2011): 11% (State of New Jersey: 9.7%)

Direct Debt Burden: 2.7%

Overall Debt Burden: 5.3%

Payout of Principal (10 years): 62%

Fiscal 2010 Current Fund balance: $1.1 million (6.2% of Current
Fund revenues)

Total rated debt outstanding: $27.8 million

The principal methodology used in this rating was General
Obligation Bonds Issued by U.S. Local Governments published in
October 2009.


COLONY RESORTS LVH: Lenders File Receivership Action
----------------------------------------------------
Kris Hudson, writing for The Wall Street Journal, reports that
lenders Gramercy Capital Corp. and Goldman Sachs Group late
Tuesday filed a complaint in state court in Clark County, Nev.,
asking that a judge appoint Ronald P. Johnson as receiver to
oversee the Las Vegas Hilton casino hotel's operations and
finances after the hotel defaulted on its $250 million mortgage.

The 2,955-room hotel is owned by Colony Capital LLC and Goldman's
Whitehall real-estate funds, which purchased it in 2004.

The Journal relates Whitehall declined to comment on the demand
for a receiver. A Colony representative didn't return messages
seeking comment.

In August, VegasInc.'s Steve Green reported that the Hilton's
owner, Colony Resorts LVH Acquisitions LLC was notified by Hilton
Hotels Corp. that Hilton was not renewing the Las Vegas property's
right to use the Hilton name and room reservation system effective
Jan. 3, 2012.  Colony Resorts LVH said it's been in "discussions
with other major hotel brands'' about a new name.

Las Vegas Hilton said in recent filings with the Securities and
Exchange Commission that it skipped the June, July and August
payments on its mortgage because it couldn't cover them with its
cash flow.

                       Default Under Term Loan

On May 11, 2006, the Company entered into a Loan Agreement with
Goldman Sachs Commercial Mortgage Capital, L.P.  The Term Loan was
for an initial principal amount of $209.2 million and for an
initial term of two years.  The Company has drawn an additional
$40.8 million against the Term Loan, the maximum funding of the
Term Loan.  Covenants under the Term Loan restrict the Company's
future borrowing capacity.  The loan had an original two-year term
and three, one-year extensions.

Interest on the loan was based on LIBOR plus 2.9% with a minimum
LIBOR rate of 1.5%.  Interest incremented to LIBOR plus 3.5% from
July 2009 through May 2010 and increased to LIBOR plus 4.0% from
June 2010 through May 2011.

As of July 29, 2011, the Company is in default on its Term Loan.
Accordingly, the lender is entitled to exercise various rights,
powers and remedies including acceleration of the Loan,
termination or suspension of all or any portion of advances or
disbursement of funds from restricted cash accounts, accrual of
interest at the default rate and the exercise of remedies under
collateral documents.  The Company is currently in discussions
with its lender to negotiate a restructuring of its debt.  If the
Company is not successful in a restructuring agreement or entering
into a transaction to address its liquidity and capital structure,
the note holders have the ability to demand accelerated repayment
of all amounts under the Term Loan.  The Company would not have
the liquidity to meet this demand.

According to the Company, these conditions raise substantial doubt
about its ability to continue as a going concern.

As reported in the TCR on March 29, 2011, Ernst & Young, in Las
Vegas, Nevada, expressed substantial doubt about Colony Resorts
LVH Acquisition's ability to continue as a going concern,
following the Company's 2010 results.  The independent auditors
noted that the Company has incurred recurring net losses and has a
working capital deficiency.

                       About Colony Resorts

Las Vegas, Nev.-based Colony Resorts LVH Acquisitions, LLC, owns
and operates the Las Vegas Hilton, a casino resort located in Las
Vegas, Nevada.  The Company licenses from HLT Existing Franchise
Holding LLC the right to use the name "Hilton" and is part of
Hilton's reservation system and Hilton's "HHonors Programs(TM).

The Company's balance sheet at June 30, 2011, showed $347.55
million in total assets, $296.17 million in total liabilities,
$61.80 million in redeemable members' equity, and a $10.42 million
members' deficit.


CORD BLOOD: Inks Employment Agreements with CEO and COO
-------------------------------------------------------
Cord Blood America, Inc., on Sept. 12, 2011, entered into
Executive Employment Agreements with Matthew L. Schissler, the
Company's chief executive officer, and Joseph R. Vicente, the
Company's chief operating officer and Vice President, which are
effective as of Aug. 1, 2011, and will terminate as of Dec. 31,
2014, unless earlier terminated by the Company or the employees.

Mr. Schissler's Executive Employment Contract has an initial term
from Aug. 1, 2011, through Dec. 31, 2011, and is renewable
annually thereafter for up to three additional, successive years,
and provides for a base salary equal to his previous year's annual
salary, which said salary was set under the provisions of the
previous employment agreement entered between Employee and Company
in July of 2008.  It also provides for an annual bonus, payable at
the discretion of the Board of Directors, equal to 30% of the
Employee's prior year base salary.

Mr. Vicente's Executive Employment Contract has an initial term
from Aug. 1, 2011, through Dec. 31, 2011, and is renewable
annually thereafter for up to three additional, successive years
and provides for a base salary equal to his previous year's annual
salary, which said salary was set under the provisions of the
previous employment agreement entered between Employee and Company
in July of 2008.  It also provides for an annual bonus, payable at
the discretion of the Board of Directors, equal to 25% of the
Employee's prior year base salary.

Both Agreements also provide for change of control termination
bonuses, which provide that if the employee is terminated, his
compensation reduced, or the employee terminates his employment
within one year after a change in control, then the employee is
entitled to a termination benefit in an amount equal to the
average annual cash compensation over the three-year period
preceding the Triggering Event multiplied by two and one-fourth
(2.25), in the case of Mr. Schissler, and two in the case of Mr.
Vicente.  The Agreements also provide for termination payments in
the absence of a change of control in the event the Company
terminates the Employee without cause in an amount equal to all
compensation paid by the Company to the Employee for the 24 months
preceding the termination, along with health plan and 401k
incentives, as stated in the Agreements.

Full-text copies of the Employment Agreements are available for
free at:

                        http://is.gd/qzJnqv
                        http://is.gd/wvBU2g

                      About Cord Blood America

Based in Las Vegas, Nevada, Cord Blood America, Inc., is primarily
a holding company whose subsidiaries include Cord Partners, Inc.,
CorCell Co. Inc., CorCell Ltd.; CBA Professional Services, Inc.
D/B/A BodyCells, Inc.; CBA Properties, Inc.; and Career Channel
Inc, D/B/A Rainmakers International.  Cord specializes in
providing private cord blood stem cell preservation services to
families.  BodyCells is a developmental stage company and intends
to be in the business of collecting, processing and preserving
peripheral blood and adipose tissue stem cells allowing
individuals to privately preserve their stem cells for potential
future use in stem cell therapy.  Properties was formed to hold
the corporate trademarks and other intellectual property of CBAI.
Rain specializes in creating direct response television and radio
advertising campaigns, including media placement and commercial
production.

The Company reported a net loss attributable to Cord Blood America
of $8.09 million on $4.13 million of revenue for the year ended
Dec. 31, 2010, compared with a net loss attributable to Cord Blood
of $9.77 million on $3.24 million of revenue during the prior
year.

The Company's balance sheet at June 30, 2011, showed $7.56 million
in total assets, $8 million in total liabilities, and a $441,482
total stockholders' deficit.

As reported by the TCR on April 5, 2011, Rose, Snyder & Jacobs, in
Encino, Calif., expressed substantial doubt about the Company's
ability to continue as a going concern. The independent auditors
noted that the Company has sustained recurring operating losses,
continues to consume cash in operating activities, and has
insufficient working capital and an accumulated deficit at
Dec. 31, 2010.


COSTA DORADA: Has Until Sept. 30 to File Plan and Disclosures
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico has
granted Costa Dorada Apartments Corp. an extension of 30 days, or
until Sept. 30, 2011, to file a Disclosure Statement and Plan of
Reorganization.

On July 11, 2011, the Debtor filed the Motion in Compliance with
the Status Report Order establishing the Disclosure Statement and
Plan of Reorganization would be filed by Debtor on Aug. 31, 2011.

In its motion, Debtor says it is still working on the compilation
of relevant financial information, specifically, new projections
of the operations of the business.  This information needs to be
included in the disclosure statement and plan of reorganization to
be filed.

Costa Dorada Apartments Corp., dba Villas De Costa Dorada, in
Isabela, Puerto Rico, filed for Chapter 11 bankruptcy (Bankr. D.
P.R. Case No. 11-03960) on May 10, 2011.  The Debtor disclosed
$10.7 million in assets and $8.6 million in liabilities as of the
Chapter 11 filing.  The petition was signed by Carlos R. Fernandez
Rodriguez, its president.

Wigberto Lugo Mender, Esq., at Lugo Mender & Co., in Guaynabo,
Puerto Rico, represents the Debtor as counsel.


CREDITRON FINANCIAL: Judge Extends Sale Deadline to Dec. 15
-----------------------------------------------------------
Ed Palattella at Erie Times-News reports that the sale of 390-
employee Telatron Marketing Group Inc., 1545 W. 38th St., had been
expected to be completed by Thursday, but Chief U.S. Bankruptcy
Judge Thomas P. Agresti extended the deadline another 90 days, to
Dec. 15, 2011.

The report says prospective buyers remain interested, said the
bankruptcy trustee, Erie lawyer John Melaragno.  Mr. Melaragno
said a deal for leasing the Telatron property to the new owner has
required more talks with one interested buyer, the Cincinnati-
based RDI Marketing Services Inc., which has offered to buy
Telatron for $1 million.

Judge Agresti in June gave Melaragno until Thursday to submit a
final bankruptcy plan, which will include a sale.  Mr. Melaragno
now must submit that plan by Dec. 15.

Mr. Melaragno has said he believes Telatron's new owner will keep
the business in Erie, where Alfred D. Covatto and Joyce M. Covatto
founded it in 1985.

Based in Erie, Pennsylvania, Creditron Financial Corporation dba
Teletron Marketing Group Inc. filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Penn. Case No.: 08-11289) on July 3, 2010.
Stephen H. Hutzelman, Esq., Plate Shapira Hutzelman Berlin May, et
al., represents the Debtor.  The Debtor's financial condition as
of July 3, 2008, showed $3 million in total assets, and
$4.8 million in total debts.


CRYSTAL CATHEDRAL: Enters Stipulation for Adequate Protection
-------------------------------------------------------------
Prepetition Crystal Cathedral Ministries and Farmers & Merchants
Bank of Long Beach entered into a loan agreement pursuant to which
the Bank agreed to loan the Debtor $41,100,000.  The Debtor
executed a promissory note payable to the Bank for $41,100,000.
Subsequently, the Debtor and the Bank entered into a loan
agreement pursuant to which the Bank agreed to loan the Debtor
$3,000.000.  The Bank asserts that it has a valid, enforceable and
duly perfected lien and security interest in the Debtor's real
property as of the Petition Date.

After the Bank advised the Debtor that it would seek remedies
against various parties, including the Debtor, the parties entered
into a Court-approved stipulation for adequate protection payments
pursuant to which the Debtor agreed to pay the Bank $100,000,
commencing February 1, 2011 through and including July 1, 2011.

After negotiations, the Debtor, the Bank and the Committee have
reached a further agreement regarding continuing adequate
protection payments to the Bank.

Accordingly, the Parties entered into another stipulation
providing that the Debtor will continue to make adequate
protection payments amounting $100,000 to the Bank, commencing
August 1, 2011 through and including the date an order confirming
a plan of reorganization is entered in the case.  Except for the
August 2011 payment, the Debtor will make the payments so as to be
actually received by the Bank on or before the tenth calendar date
following the due date.  The Bank agrees to apply the payments
pursuant to the terms of a certain note and deed of trust.  The
Debtor and the Committee reserve the right to contest the manner
in which such payments are applied by the Bank.  The payments do
not represent an admission by any party that any property securing
the claims have decreased or is decreasing by the amount of the
payments.  Specifically, the Bank reserves the right to assert
that the payments are not sufficient to compensate for any decline
in value of collateral, and the Debtor and the Committee reserve
the right to assert that the payments are in excess of a
postpetition decline in value, if any.  In addition, the payments
by the Debtor and acceptance by the Bank are not a waiver of any
party's right to contend the over/under secured nature of the
asserted secured claim.  The parties reserve their respective
rights to assert their position as to the payments as to the
oversecured or undersecured nature of the asserted secured claims.

The Debtor believes that cause exists to approve the Stipulation
because it will avoid the substantial legal fees that would
otherwise be incurred if the Debtor was forced to engage in a
protracted legal dispute with the Bank regarding its right to and
amount of adequate protection payments.

The Debtor contends that creditors will not be prejudiced and are,
in fact, benefited by the Stipulation, as the Debtor will only pay
adequate protection payments to the Bank for a very limited period
of time.

                   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.


DALLAS STARS: Lenders Said to Vote for Bankruptcy Court Auction
---------------------------------------------------------------
Steven Church at Bloomberg News, citing a person familiar with the
issue, reports that the Dallas Stars, the hockey team owned by
former billionaire Thomas Hicks, won support from lenders to file
for bankruptcy and sell the club at an auction.

Under a proposed bankruptcy plan, investor Tom Gaglardi, chairman
and chief executive officer of Sandman Hotels, Inns & Suites,
would be the lead bidder for the team, according to the Bloomberg
report, citing the person, who declined to be identified because
the plan isn't yet public.

Among lenders who voted, those holding more than two-thirds of the
Stars' bank loans support the proposal, the person said.  The team
plans to file for bankruptcy, most likely in Wilmington, Delaware,
within the next few days and seek approval from a judge to hold an
auction, said another person involved in the bankruptcy planning.

The Stars would be the fifth professional sports team to file
bankruptcy in the last two years.  The Los Angeles Dodgers
baseball team filed in June, the Texas Rangers baseball team filed
last year and the Chicago Cubs baseball team filed in 2009, one
year after former owner Tribune Co. went bankrupt.

The Phoenix Coyotes hockey team filed in 2009 and, like the
Rangers and the Cubs, was sold under court supervision. The
National Hockey League took ownership of the Coyotes and is
looking for a buyer willing to keep the team in Arizona.


DAYTONA OCEAN: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Daytona Ocean Sands, LLC
        1024 North Atlantic Avenue
        Daytona Beach, FL 32118

Bankruptcy Case No.: 11-13651

Chapter 11 Petition Date: September 8, 2011

Court: U.S. Bankruptcy Court
       Middle District of Florida (Orlando)

Debtor's Counsel: Timothy M. Papp, Esq.
                  TIMOTHY PAPP & ASSOCIATES, LLC
                  11681 Seminole Boulevard
                  Largo, FL 33778
                  Tel: (727) 393-8351
                  Fax: (727) 392-2188
                  E-mail: mbaeten@honestrep.com

Scheduled Assets: $1,800,000

Scheduled Debts: $2,833,141

A list of the Company's six largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/flmb11-13651.pdf

The petition was signed by Waldemar Rucinski, managing member.


DEB SHOPS: Sale to Ableco Approved by Judge
-------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Deb Shops Inc. was given authority from the
bankruptcy judge Sept. 13 to sell the business to secured lenders
in exchange for $75 million in secured debt.  There were no
competing bids, so an auction was canceled.  Lenders led by Ableco
Finance LLC are taking the stores in 44 states.

The Debtors canceled the auction for substantially all of their
assets that they had scheduled for Aug. 31 after they failed to
receive any qualified competing bids by the court's deadline of
Aug. 24.

Abelco is the administrative and collateral agent for the holders
of DSI Holdings' first lien debt -- and also holds the largest
amount of the debt.  Pursuant to the proposed asset purchase
agreement, Abelco committed to, among other things, credit bidding
$75 million of the debtors' first lien debt to acquire the
companies' assets.  Abelco also provided the companies with
debtor-in-possession financing following their bankruptcy filings.

                       About Deb Shops

Deb Shops Inc., is a closely held women's-clothing retailer based
in Philadelphia.  Deb Shops sells junior and large-size clothing
for girls and women ages 13 to 25 through more than 320 U.S.
stores and through debshops.com.  It was bought out by the New
York investment firm Lee Equity Partners in October 2007.

DSI Holdings Inc. and 54 affiliates, including Deb Shops, sought
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-11941), on
June 26, 2011, to sell all assets under 11 U.S.C. Sec. 363.  As of
April 30, 2011, the Debtors' unaudited financial statements
reflected assets totaling $124.4 million and liabilities totaling
$270.1 million.

Lawyers at Weil Gotshal & Manges LLP and Richards, Layton & Finger
P.A. serve as bankruptcy counsel.  Rothschild Inc. serves as the
Debtors' investment banker and financial advisors.  Kurtzman
Carson Consultants, LLC, serves as claims agent.  Sitrick &
Company serves as public relations consultants.

Ableco, the DIP Agent is represented by Michael L. Tuchin, Esq.,
and David A. Fidler, Esq., at Klee Tuchin Bogdanoff & Stern LLP.
Conway Del Genio serves as financial advisors to the First Lien
Lenders.  Schulte Roth serves as corporate and tax advisors to the
First Lien Lenders.  Another lender, Lee DSI Holdings, is
represented by Jennifer Rodburg, Esq., at Fried Frank Harris
Shriver & Jacobson LLP.

Roberta A. Deangelis, U.S. Trustee for Region 3, appointed five
unsecured creditors to serve on the Official Committee of
Unsecured Creditors.  Otterbourg Steindler Houston & Rosen serves
as lead counsel to the Committee.


DAVALL PLACE: Case Summary & 11 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: DaVall Place, LLC
        5305 E. Second St.
        Long Beach, CA 90803

Bankruptcy Case No.: 11-48007

Chapter 11 Petition Date: September 7, 2011

Court: United States Bankruptcy Court
       Central District Of California (Los Angeles)

Judge: Ernest M. Robles

Debtor's Counsel: Stephen F. Biegenzahn, Esq.
                  LAW OFFICES OF STEPHEN F. BIEGENZAHN
                  611 W 6th St Ste 850
                  Los Angeles, CA 90017
                  Tel: (213) 617-0017
                  Fax: (480) 247-5977
                  E-mail: efile@sfblaw.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 11 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/cacb11-48007.pdf

The petition was signed by Geoffrey Payne, CFO, Tahiti Partners
Properties Corp., Debtor's manager.


DELTATHREE INC: Inks 4th Loan & Security Pact with D4 Holdings
--------------------------------------------------------------
Each of deltathree, Inc., Delta Three Israel, Ltd., and DME
Solutions, Inc., entered into the Fourth Loan and Security
Agreement with D4 Holdings Holdings, LLC, pursuant to which D4
Holdings will provide to the Deltathree Entities a line of credit
in a principal amount of $300,000.  In connection with the Fourth
Loan Agreement, on Sept. 12, 2011, the Deltathree Entities issued
a Promissory Note in a principal amount of $300,000 to D4
Holdings.

Pursuant to the Fourth Loan Agreement and the Promissory Note,

   -- D4 Holdings agrees to lend from time to time, as requested
      by any of the Deltathree Entities, up to an aggregate
      principal amount of $300,000, provided that D4 Holdings will
      not be required to make loan advances to the Deltathree
      Entities in an aggregate amount of more than $100,000 in any
      one-month period;

   -- interest will accrue on any loan advances at the rate of 12%
      per annum;

   -- all outstanding principal and interest are required to be
      repaid on Jan. 2, 2012;

   -- the Deltathree Entities granted D4 Holdings a security
      interest in all assets of the Deltathree Entities;

   -- the Deltathree Entities made customary representations,
      warranties and covenants to D4 Holdings;

   -- any loan advance requires the satisfaction of the following
      conditions: the Deltathree Entities shall have prepared an
      operating budget covering the period from the date of the
      Fourth Loan Agreement through Dec. 31, 2011, setting forth
      in reasonable detail all anticipated receipts and
      disbursements, and  any modification or change to the
      operating budget will be subject to the written approval and
      agreement by D4 Holdings in its sole and absolute
      discretion; receipt by D4 Holdings of an executed notice of
      borrowing; the representations and warranties of the
      Deltathree Entities must be true in all material respects on
      the date of the notice of borrowing and the loan date; no
      event of default shall have occurred and be continuing or
      result from such loan advance; there shall not have
      occurred, in D4 Holdings' sole discretion, any material
      adverse change; and the Deltathree Entities will have
      demonstrated, to the satisfaction of D4 Holdings in its sole
      discretion, that the Deltathree Entities have used their
      cash reserves solely for the purposes set forth in the
      operating budget; and

   -- upon the occurrence of an event of default, (1) D4 Holdings
      may require repayment of all outstanding amounts under the
      Fourth Loan Agreement, terminate its commitment to make
      additional loans to the Deltathree Entities, and exercise
      its rights with respect to the security interest in all of
      the assets of the Deltathree Entities and (2) all
      outstanding amounts under the Fourth Loan Agreement will
      bear interest at the rate of 18% per annum.

The Company is majority-owned by D4 Holdings.  The ultimate
ownership of D4 Holdings includes owners of ACN, Inc.  Each of
Robert Stevanovski, Anthony Cassara and David Stevanovski, members
of the Company's Board of Directors, is a principal of D4
Holdings.  Colleen Jones, a member of the Company's Board of
Directors, serves as general counsel to D4 Holdings and is an
officer of ACN.  As a result, each of these individuals and D4
Holdings may be deemed to have a direct or indirect interest in
the transactions contemplated by the Fourth Loan Agreement and the
Promissory Note.  In accordance with the Company's Audit Committee
Charter, the Fourth Loan Agreement and the Promissory Note and the
transactions contemplated thereby were approved by the Audit
Committee, which includes those directors who are not affiliated
with D4 Holdings.

                          About deltathree

Based in New York, deltathree, Inc. (OTC QB: DDDC) --
http://www.deltathree.com/-- is a global provider of video and
voice over Internet Protocol (VoIP) telephony services, products,
hosted solutions and infrastructures for service providers,
resellers and direct consumers.

The Company's balance sheet at June 30, 2011, showed $1.66 million
in total assets, $5.07 million in total liabilities, and a
$3.41 million total stockholders' deficiency.

As reported in the TCR on March 23, 2011, Brightman Almagor Zohar
& Co., in Tel Aviv, Israel, expressed substantial doubt about
deltathree, Inc.'s ability  to continue as a going concern,
following the Company's 2010 results.  The independent auditors
noted that of the Company's recurring losses from operations and
deficiency in stockholders' equity.

                        Bankruptcy Warning

In view of the Company's current cash resources, nondiscretionary
expenses, debt and near term debt service obligations, the Company
may begin to explore all strategic alternatives available to it,
including, but not limited to, a sale or merger of the Company, a
sale of its assets, recapitalization, partnership, debt or equity
financing, financial reorganization, liquidation or ceasing
operations.  In the event that it is unable to secure additional
funding, the Company may determine that it is in its best
interests to voluntarily seek relief under Chapter 11 of the U.S.
Bankruptcy Code.  The Company said seeking relief under the U.S.
Bankruptcy Code, even if the Company is able to emerge quickly
from Chapter 11 protection, could have a material adverse effect
on the relationships between the Company and its existing and
potential customers, employees, and others.  Furthermore, the
Company adds, if it was unable to implement a successful plan of
reorganization, the Company might be forced to liquidate under
Chapter 7 of the U.S. Bankruptcy Code.


DENNY'S CORPORATION: Adopts Pre-Arranged Stock Trading Plan
-----------------------------------------------------------
Denny's Corporation announced the adoption of a pre-arranged stock
trading plan for the purpose of repurchasing a limited number of
the Company's common stock in accordance with guidelines specified
under Rule 10b5-1 of the Securities Exchange Act of 1934 and the
Company's policies regarding stock transactions.  This plan has
been established in accordance with, and as a part of, the
Company's stock repurchase program previously announced on
April 4, 2011.  Repurchases under the Company's 10b5-1 plan will
be administered through an independent broker.  The plan will
cover the repurchase of shares commencing no earlier than
Sept. 19, 2011, and expiring Nov. 3, 2011.  Repurchases are
subject to SEC regulations as well as certain price, market volume
and timing constraints specified in the plan.

                     About Denny's Corporation

Based in Spartanburg, South Carolina, Denny's Corporation (NASDAQ:
DENN) -- http://www.dennys.com/-- Denny's is one of America's
largest full-service family restaurant chains, consisting of 1,348
franchised and licensed units and 232 company-owned units, with
operations in the United States, Canada, Costa Rica, Guam, Mexico,
New Zealand and Puerto Rico.

The Company's balance sheet at June 29, 2011, showed
$286.66 million in total assets, $386.94 million in total
liabilities, and a $99.52 million total shareholders' deficit.

Denny's carries 'B2' corporate family and probability of default
ratings from Moody's Investors Service and a 'B+' corporate credit
rating from Standard & Poor's.


DG FASTCHANNEL: S&P Assigns 'BB-' Corporate Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Irving, Texas-based DG FastChannel Inc., a
provider of content distribution and other services. The outlook
is stable.

"At the same time, we assigned a 'BB-' issue rating (same level as
the corporate credit rating) to DG FastChannel's $610 million
secured credit facilities, with a '3' recovery rating, indicating
our expectation of meaningful (50% to 70%) recovery for
debtholders in the event of a payment default. The credit
facilities consisted of a $120 million revolving credit
facility due 2016 and a $490 million term loan B due 2018," S&P
related.

"The 'BB-' corporate credit rating incorporates our assumption of
moderate revenue growth over the next several years because of
increasing use of electronic delivery for high-definition short-
form content and online advertising growth," said Standard &
Poor's credit analyst Andy Liu.

"DG FastChannel's business profile is weak, in our opinion,
because of significant competition in online advertising from
powerful incumbents and technology risk associated with cloud-
based distribution or other new channels. We view its financial
risk as significant, given the potential for debt-financed
acquisitions. A strong EBITDA margin and good discretionary cash
flow only partially offset these risks," S&P said.

DG FastChannel is a provider of content distribution, media
production and duplication, online creative research, and other
services, with content distribution being the largest revenue and
profit contributor. The company's competitive position is
especially strong in short-form advertising delivery. DG
FastChannel operates the largest advertising delivery network with
significant market penetration among TV stations, TV and cable
networks, and cable systems. MediaMind Technologies Inc., which DG
FastChannel is acquiring, provides online advertising campaign
services to ad agencies and advertisers. MediaMind generates a
majority of its revenues from international markets.

The acquisition has the potential to increase revenue
diversification and revenue growth. "We expect online advertising
to grow steadily over the medium term as advertisers allocate more
of their marketing budgets to online media," said Mr. Liu. "If
MediaMind can maintain its competitive position against Google
and Microsoft as a provider of independent campaign management
services, it should experience good growth over the medium term."

The stable rating outlook assumes the business will continue to
grow, enabling the company to expand its EBITDA and maintain
covenant compliance. The excess cash flow sweep, which begins at
50%, should aid covenant compliance. "We would consider lowering
the rating if adjusted debt leverage approaches 4x, which would
signal a significant business slowdown and would raise covenant
compliance concerns. This could happen if revenues decline 10%,
coupled with a marked deterioration in EBITDA margin. Another
sizable debt-financed acquisition also could push adjusted debt
leverage to 4x. On the other hand, we could consider raising the
rating by a notch over the longer term if the company can
profitably expand its online advertising market share globally
through MediaMind, while maintaining its dominant position in
short-form content distribution," S&P added.


DICKENS INDUSTRIAL: Case Summary & 17 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Dickens Industrial, LLC
        9300 Aviation Blvd, Suite B
        Concord, NC 28027

Bankruptcy Case No.: 11-51394

Chapter 11 Petition Date: September 8, 2011

Court: United States Bankruptcy Court
       Middle District of North Carolina (Winston-Salem)

Judge: Catharine R. Aron

Debtor's Counsel: Charles M. Ivey, III, Esq.
                  IVEY, MCCLELLAN, GATTON, & TALCOTT, LLP
                  Suite 500, 100 S. Elm St.
                  Greensboro, NC 27401
                  Tel: (336) 274-4658
                  Fax: (336) 274-4540
                  E-mail: jlh@imgt-law.com

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

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

A list of the Company's 17 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ncmb11-51394.pdf

The petition was signed by Todd H. Dickens, Sr., manager.


DJSP ENTERPRISES: Board Approves Reduction of CEO's Salary
----------------------------------------------------------
The board of directors of DJSP Enterprises, Inc., approved an
amendment to the compensation paid to Stephen J. Bernstein, the
Company's Chairman, President, and Chief Executive Officer.
Effective Sept. 1, 2011, Mr. Bernstein's compensation will be
reduced to $25,000 per month.

Effective Sept. 1, 2011, the Company's board of directors has
determined to dissolve each of the Audit Committee, the
Compensation Committee, and the Governance and Nominating
Committee of the board of directors.  The Company's full board of
directors will perform the duties previously delegated to these
committees.

                       About DJSP Enterprises

Based in Plantation, Florida, DJSP Enterprises, Inc. (Nasdaq:
DJSP, DJSPW, DJSPU) provides a wide range of processing services
in connection with mortgages, mortgage defaults, title searches
and abstracts, REO (bank-owned) properties, loan modifications,
title insurance, loss mitigation, bankruptcy, related litigation
and other services.  Its principal customer is The Law Offices of
David J. Stern, P.A.  It has additional operations in Louisville,
Kentucky and San Juan, Puerto Rico.  Its U.S. operations are
supported by a scalable, low-cost back office operation in Manila,
the Philippines, that provides data entry and document preparation
support for its U.S. operations.

As reported in the Jan. 20, 2011 edition of the TCR, DAL Group,
LLC, a subsidiary of DJSP Enterprises, has obtained waivers on
notes held by these parties for payments due through April 1,
2011:

                                          Amount of Note
                                          --------------
     Law Offices of David J. Stern, P.A.     $47,869,000
     Chardan Capital, LLC,                    $1,000,000
     Chardan Capital Markets, LLC               $250,000
     Kerry S. Propper                         $1,500,000

The waivers were sought by DAL as it develops and implements plans
to restructure its ongoing operations to reflect its significantly
reduced revenues and operations and the other changes.

DAL did not make the interest payments due Jan. 3, 2011 for (i)
unsecured term notes in the aggregate principal amount of
$1,600,000 (ii) and a $500,000 term note issued by Cornix
Management, LLC.  DAL is seeking waivers from the holders of the
unsecured notes and Cornix of principal and interest payments
otherwise due under these notes, and the default interest rates
under these notes, through April 1, 2011.

DAL has entered into a forbearance agreement with BA Note
Acquisition, LLC, pursuant to which BNA has agreed to forbear from
taking action on a $5.5-million line of credit until March 9,
2011.


DOCTORS MEDICAL CENTER: Leaders Try to Keep Doors Open
------------------------------------------------------
Sandy Kleffman at Contra Costa Times reports that health and
political leaders are moving on several fronts to keep the doors
open at financially struggling Doctors Medical Center in San
Pablo, including a $4.2 million donation from Kaiser Permanente
and a bill headed to the governor's desk that would make it easier
for the hospital to borrow money.

"West County residents can be assured that there is every effort
being made to save this hospital and emergency room," the report
quotes Contra Costa Supervisor John Gioia, who heads the hospital
board, as saying.

According to Costa Times, interim CEO Dawn Gideon said that
without the Kaiser grant, Doctors would have run out of money by
the end of October.

The report notes that Doctors is an important safety net for West
County residents. It operates the largest emergency department in
the area and serves many poor and uninsured residents but is
losing about $18 million a year, the Costa Times discloses.

Costa Times relates that the bill by state Sen. Loni Hancock,
D-Berkeley, seeks to address concerns that the financial problems
may scare investors and make them reluctant to loan the hospital
money.

Doctors is considering borrowing as much as $20 million this fall
to help meet its obligations through the end of 2012, the report
says.

According to the report, Hancock's bill offers investors a lien
against the hospital's parcel tax revenue to guarantee that if
Doctors files for bankruptcy, a judge could not change loan terms
and lower the repayment.

"It's very important that this hospital keep its doors open,"
Costa Times quotes Mr. Hancock as saying.  "It is one of the only
emergency rooms to serve a large, predominantly underserved
population. It would be a tragedy for Contra Costa County if it
should have to close its doors."

Mr. Gideon, as cited by Costa Times, said the $4.2 million from
Kaiser will help the hospital meet its obligations through the end
of this year.  After Doctors declared bankruptcy in 2006, Kaiser
gave the hospital $12 million over three years.

Costa Times notes that to help ensure the hospital's longer-term
survival, its leaders are hoping West County voters will approve a
parcel tax in a mail-in ballot election Nov. 15.

The tax, which requires a two-thirds majority approval, would
raise about $5 million annually. It would go into effect July 1
and cost single-family homeowners $47 per year, the report
discloses.  Owners of multiunit residential and commercial
properties would pay more, the report adds.

The tax would be in addition to a $52 annual levy that voters
approved for Doctors in 2004.

"Without this parcel tax, the hospital will close next year,"
Mr. Gioia said, according to Costa Times.


DULCES ARBOR: U.S. Trustee Unable to Form Committee
---------------------------------------------------
The United States Trustee said that a committee under 11 U.S.C.
Sec. 1102 has not been appointed because an insufficient number of
persons holding unsecured claims against Brother Sonny, LLC, have
expressed interest in serving on a committee.  The U.S. Trustee
reserves the right to appoint such a committee should interest
developed among the creditors.

Brother Sonny, LLC, in Boulder City, Nevada, is a land developer
and constructor of residential homes.  It filed for Chapter 11
bankruptcy (Bankr. D. Nev. Case No. 11-21798) on July 27, 2011.
Judge Bruce A. Markell presides over the case.  Lenard E.
Schwartzer, Esq., at Schwartzer & McPherson Law Firm, serves as
bankruptcy counsel.  In its petition, the Debtor estimated assets
and debts of $10 million to $50 million.  The petition was signed
by Randolph Schams, director of Rancris, Inc., its manager.


DURWICK, LLC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Durwick, LLC
        2659 Main
        Durango, CO 81301

Bankruptcy Case No.: 11-31267

Chapter 11 Petition Date: September 7, 2011

Court: U.S. Bankruptcy Court
       District of Colorado (Denver)

Judge: A. Bruce Campbell

Debtor's Counsel: Allen Wayne Walterscheid, Esq.
                  CAMPBELL & WALTERSCHEID LLP
                  143 E. 10th Street
                  Durango, CO 81301
                  Tel: (970) 422-4270
                  Fax: (281) 520-3990
                  E-mail: walters53@yahoo.com

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

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

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

The petition was signed by James V. Salzillo, president.


DYNAMIC BUILDERS: Plan Confirmation Hearing Resumes
---------------------------------------------------
Dynamic Builders, Inc., entered into a stipulation with Comerica
Bank, City National Bank, Citizens Business Bank and Bank of
America: (1) continuing the hearing on plan confirmation and
further extending certain plan related deadlines, (2) continuing
the hearing on the Debtor's motion authorizing the sale or
transfer of property to Bank of America, N.A., and (3) continuing
the hearing on final fee applications of the Debtor's
professionals.

The new plan related deadlines, as stipulated and ordered by the
Court are:

Plan confirmation hearing           Sept. 14, 2011, at 10:00 a.m.
Solicitation Exclusivity Period     Sept. 14, 2011
Voting Deadline                     Sept. 12, 2011, at 5:00 p.m.
Plan Objection Deadline             Sept. 14, 2011, at 5:00 p.m.

The Plan Supplement Deadline is extended from Aug. 17, 2011, to
Sept. 14, 2011.

On or before Sept. 12, 2011, Dynamic will file and serve any
pleadings and evidence in support of confirmation of the Plan,
including a plan confirmation brief, a summary of the votes and
reply to any objection to confirmation of the Plan.

The Plan must be confirmed no later than Sept. 14, 2011, and the
Effective Date of the Plan must occur no later than Sept. 30,
2011.

Dynamic will be authorized and directed to tender monthly payments
to Citizens on account of the San Leandro Property and Carson
Property on Oct. 1, 2011, and on the first business day of
subsequent months, upon the prior written approval from all
signatories, consistent with the terms of the Plan Term Sheet,
until that time as the proposed Plan is confirmed and payments to
Citizens commence thereunder.

The amounts of those payments will include the monthly principal
and interest amounts Debtor was authorized to pay to Citizens
pursuant to that certain stipulation between the parties
regarding, inter alia, payment of Plan Term Sheet payments to
Citizens, filed on March 22, 2011 [Docket No. 367] ("Plan Payment
Stipulation"), and order thereon entered on March 29, 2011, and
will also each include an additional $25,000 per month as provided
in the Plan Term Sheet in the event the San Leandro Property is
not sold by the payment date.

The amounts to be paid to Citizens are approximate and do not take
into account outstanding interest, costs or fees, and, because of
this, the payments made to Citizens prior to the Effective Date of
the Dynamic plan of reorganization will be reconciled and trued
up, with any shortfall paid to Citizens as part of the first plan
payment on account of the San Leandro Property and the Carson
Property, as applicable, made to Citizens under the Dynamic plan
of reorganization after the Effective Date.

Dynamic is further authorized to borrow from the Bonin estate, if
needed, up to $125,000 for the purpose of tendering monthly
payments to Citizens, as above ordered.  Any borrowings will be on
an unsecured, administrative basis.

The hearing on the Debtor's motion authorizing sale or transfer
of property to Bank of America, N.A., will be continued from
Aug. 31, 2011 at 10:00 a.m. to Sept. 14, 2011 at 10:00 a:m.

The hearings on the first and final fee applications of the
professionals, scheduled for Sept. 14, 2011 at 10:00 A.M. will be
rescheduled to Sept. 28, 2011 at 10:00 A.M.

                    About Dynamic Builders Inc.

Dynamic Builders Inc. is a Los Angeles-based real estate
developer.  Founded in 1964 by L. Ramon Bonin, Dynamic Builders is
principally involved in the construction of build to suit
commercial/industrial buildings in the Los Angeles area.

Dynamic Builders owns properties in Los Angeles, Carson, San
Leandro, and Commerce, California, with total value of
$130,790,612.  Secured lenders who financed the acquisition of the
properties are owed a total of $113,181,128.

L. Ramon Bonin and Patty A. Bonin, the shareholders of the Company
and guarantors of the institutional debt, sought Chapter 11
protection (Bankr. C.D. Calif. Case No. 10-14067) on March 31,
2011.  James C. Bastian, Jr., Esq., at Shulman Hodges & Bastian
LLP, represents the Bonins in their Chapter 11 case.

Dynamic Builders filed for Chapter 11 bankruptcy protection on
March 31, 2010 (Bankr. C.D. Calif. Case No. 10-14151).  The
Company estimated its assets and debts at $100 million to $500
million as of the Chapter 11 filing.  It identified Comerica
Bank, with a claim of $29.6 million, as the largest unsecured
creditor.

Todd C. Ringstad, Esq., and Nanette D. Sanders, Esq., at Ringstad
& Sanders, LLP, in Irvine, Calif., represent the Debtor as
bankruptcy counsel.  Shaw Financial Services, Inc. serves as the
Debtor's bookkeeper for bankruptcy reporting requirements and as
its tax preparer.  Bird, Marella, Boxer, Wolpert, Nessim, Drooks &
Lincenbert acts as special litigation counsel in certain
proceeding affecting Dynamic's rights in properties located at
1124 and 1135 S. Boyle Avenue.  Axis Business Advisory Services,
LLC, serves as the Debtor's financial consultants.


DYNAMIC BUILDERS: Intends to Make Non-Material Changes to Plan
--------------------------------------------------------------
Dynamic Builders Inc. asks the U.S. Bankruptcy Court for the
District of California, for an order authorizing non-material
modifications to its second amended Chapter 11 plan of
reorganization.

Subsequent to the Court's approval of the Disclosure Statement
and dissemination of plan packages to all creditors, Dynamic has
continued to work with the Lenders to ensure that the Plan
addresses and contemplates alternative scenarios for the
disposition of Dynamic's real property assets.  As a result of
these discussions, the parties have agreed that certain
clarifications are appropriate to ensure that the liquidation
process is orderly and consistent with all applicable laws.

The proposed clarifications (i) confirm specific terms of the
creditors' lien to be created post-confirmation for the benefit of
all unsecured creditors, (ii) provide further defined terms, (iii)
confirm the scope of the Court's retained jurisdiction regarding
Plan administration, and (iv) detail the revised BofA claim and
payment terms agreed to by the parties.

The Debtor believes that the modifications are immaterial, and not
a violation of U.S.C. Section 1127(a).

                    About Dynamic Builders Inc.

Dynamic Builders Inc. is a Los Angeles-based real estate
developer.  Founded in 1964 by L. Ramon Bonin, Dynamic Builders is
principally involved in the construction of build to suit
commercial/industrial buildings in the Los Angeles area.

Dynamic Builders owns properties in Los Angeles, Carson, San
Leandro, and Commerce, California, with total value of
$130,790,612.  Secured lenders who financed the acquisition of the
properties are owed a total of $113,181,128.

L. Ramon Bonin and Patty A. Bonin, the shareholders of the Company
and guarantors of the institutional debt, sought Chapter 11
protection (Bankr. C.D. Calif. Case No. 10-14067) on March 31,
2011.  James C. Bastian, Jr., Esq., at Shulman Hodges & Bastian
LLP, represents the Bonins in their Chapter 11 case.

Dynamic Builders filed for Chapter 11 bankruptcy protection on
March 31, 2010 (Bankr. C.D. Calif. Case No. 10-14151).  The
Company estimated its assets and debts at $100 million to $500
million as of the Chapter 11 filing.  It identified Comerica
Bank, with a claim of $29.6 million, as the largest unsecured
creditor.

Todd C. Ringstad, Esq., and Nanette D. Sanders, Esq., at Ringstad
& Sanders, LLP, in Irvine, Calif., represent the Debtor as
bankruptcy counsel.  Shaw Financial Services, Inc. serves as the
Debtor's bookkeeper for bankruptcy reporting requirements and as
its tax preparer.  Bird, Marella, Boxer, Wolpert, Nessim, Drooks &
Lincenbert acts as special litigation counsel in certain
proceeding affecting Dynamic's rights in properties located at
1124 and 1135 S. Boyle Avenue.  Axis Business Advisory Services,
LLC, serves as the Debtor's financial consultants.


EAGLE'S LANDING: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Eagle's Landing Townhomes, LLC
        fdba Eagle's Landing Development Company, LLC
        66 North Holiday Road
        Miramar Beach, FL 32550

Bankruptcy Case No.: 11-31501

Chapter 11 Petition Date: September 8, 2011

Court: United States Bankruptcy Court
       Northern District of Florida (Pensacola)

Debtor's Counsel: Brian G. Rich, Esq.
                  BERGER SINGERMAN PA
                  125 S. Gadsden Street, Suite 300
                  Tallahassee, FL 32301
                  Tel: (850) 561-3010
                  Fax: (850) 561-3013
                  E-mail: brich@bergersingerman.com

Scheduled Assets: $23,271

Scheduled Debts: $8,553,791

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/flnb11-31501.pdf

The petition was signed by Joe Dobson, manager.


EAST COAST: Georgia Capital Seeks Lift Stay to Get Property
-----------------------------------------------------------
Georgia Capital LLC asks the Court to lift the automatic stay so
that it may take possession of a Deed of Trust securing certain
real property with any and all improvements thereon, and together
with all appurtenant rights and dispose of same pursuant to its
security documents and applicable state law.

The Deed of Trust was used as collateral when the Debtor executed
a Promissory Note in favor of Georgia Capital amounting
$1,600,000.

There was due and owing on the Note approximately $1,501,615 as of
the bankruptcy filing date, pursuant to Georgia Capital's filed
proof of claim.

The Note matured on Oct. 25, 2010 by its terms.

Georgia Capital instituted foreclosure proceedings in Onslow
County, North Carolina.  An Order Allowing Foreclosure was entered
on March 1, 2011.

Foreclosure sales were held in Onslow County and New Hanover
County on March 29, 2011, at which Georgia Capital was the highest
bidder for the Collateral.

                  About East Coast Development II

Wilmington, North Carolina-based East Coast Development II, LLC,
dba 100 Block of Market Street, LLC, is in the business of renting
real property located in Onslow County, New Hanover County,
Guilford County, Wake County, Brunswick County, North Carolina,
and Greenville County, Charleston County, and Richland County,
South Carolina.

East Coast filed for Chapter 11 bankruptcy protection (Bankr. E.D.
N.C. Case No. 11-02792) on April 8, 2011.  Trawick H. Stubbs, Jr.,
Esq., at Stubbs & Perdue, P.A., serves as bankruptcy counsel.
Laurie R. Brown, CPA, serves as accountant.

The Debtor disclosed $24.8 million in assets and $12.2 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee has not appointed a creditors committee in the
Debtor's case. The U.S. Trustee reserves the right to appoint such
a committee should interest developed among the creditors.


ELLIPSO INC: Ad Hoc Committee Can't Pursue Lawsuit
--------------------------------------------------
Bankruptcy Judge S. Martin Teel, Jr., denied the request of the Ad
Hoc Creditors' Committee in Ellipso, Inc.'s Chapter 11 case for
reconsideration of the order dismissing an adversary proceeding
commenced by the committee and for leave to prosecute the
proceeding.  Judge Teel said the Committee's motion does not set
forth any justification for having failed to oppose the motion to
dismiss other than contending that the defendants' motion to
dismiss was untimely.  Judge Teel said the Motion to Dismiss,
filed April 4, was timely since the original deadline of April 3
fell on a Sunday.  Moreover, Judge Teel said reconsideration is
inappropriate in any event because the Committee lacks authority
to pursue the adversary proceeding.  The Committee has not yet
been properly formed under F.R.B.P. Rule 2019(a), and the
Committee has not properly sought leave of court to pursue the
action.

The case is AD HOC CREDITORS COMMITTEE, v. LINDA AWKARD, et al.,
Adv. Proc. No. 11-10008 (Bankr. D. D.C.).  A copy of Judge Teel's
Sept. 12 memorandum decision is available at http://is.gd/iTy3VP
from Leagle.com.

                        About Ellipso Inc.

Ellipso, Inc. is a privately held communications satellite system
design company, now in bankruptcy.  Ellipso's subsidiaries include
Mobile Communications Holdings, Inc., ESBH, Inc., and Virtual
Geosatellite, LLC.  Through these subsidiaries, Ellipso has
compiled this portfolio of intellectual property for various
communications satellite systems and high performance technology.
Utilizing unique and patented elliptical orbits, the systems were
intended to provide low cost voice, data, facsimile, paging and
geolocational services to subscribers around the world at prices
lower than competing systems.

Ellipso Inc. filed for Chapter 11 bankruptcy (Bankr. D. D.C.
Case No. 09-00148) on Feb. 25, 2009.  Kermit A. Rosenberg, Esq.,
at Tighe Patton Armstrong Teasdale, PLLC, in Washington, DC,
serves as the Debtor's counsel.  In its petition, the Debtor
estimated under $50,000 in assets and $1 million to $10 million in
debts.


EMDEON BUSINESS: S&P Keeps 'B+' Corporate Credit Rating
-------------------------------------------------------
Standard & Poor's Ratings Services's 'B+' corporate credit rating
on  Emdeon Business Service LLC, a wholly owned subsidiary of
Emdeon Inc. (Emdeon), is unchanged and remains on CreditWatch
Negative, where it was placed on Aug. 5, 2011.

On Aug. 4, 2011, Emdeon Business Services announced its intent to
be acquired by Blackstone Capital Partners VI L.P. The transaction
is expected to close in the fourth quarter of 2011.

"Upon completion of the sale to Blackstone Group, we will lower
Emdeon's corporate credit rating to 'B' from 'B+' and assign a
stable outlook," said Standard & Poor's credit analyst Andrew
Chang. "The lower rating will reflect Emdeon's highly leveraged
financial risk profile and its private-equity ownership structure,
which is likely to preclude sustained de-leveraging. We calculate
that adjusted leverage post refinancing will be about 6.6x, which
we consider somewhat high for the rating, but expect the company
to maintain or reduce leverage in the near term through modest
EBITDA expansion and debt reductions."

Emdeon provides technology and information solutions that
facilitate communications among health care payers, providers, and
pharmacies. The company provides patient eligibility, claims
management, payment remittance, revenue cycle management, and
patient billing services, among others.

"Emdeon's legacy claims management and patient statement segments
have been negatively impacted by low health care utilization,
reflecting fewer insured lives and doctor visits through the
recession. Nevertheless, we expect the highly embedded nature of
Emdeon's core products, and expanding market opportunities for its
ancillary products such as revenue cycle management and analytics,
will enable the company to generate revenue growth in the low- to
mid-single digits for the foreseeable future," S&P stated.

"We consider Emdeon's business risk profile weak," said Mr. Chang,
"reflecting its modest organic growth prospects, acquisitive
growth strategy, and the potential long-term threat to its core
electronic claims clearinghouse platform as payers look to
establish direct connections with providers." Offsets include the
company's diverse customer base, highly recurring revenues, and
moderate long-term growth prospects in its ancillary, value-added
products as the overall adoption of electronic health records
continues to expand.

"We will view Emdeon's financial risk profile as highly leveraged
upon close of the transaction. Assuming Blackstone's new equity
investment will be common, pro forma adjusted leverage will be
about 6.6x as of June 2011 -- which we consider somewhat high for
the ratings category. By the end of 2012, we expect EBITDA to be
in excess of $300 million, such that adjusted leverage will be
under 6x, which is more consistent with the highly leveraged
profile. The term loan will have a required 50% cash flow sweep,
which could result in additional debt reduction over the
intermediate term. Finally, given Emdeon's high leverage, the
proposed rating post close of transaction does not incorporate
capacity for debt-financed acquisitions in the near term," S&P
said.

"Our view of the company's liquidity will be adequate once the
financing has closed, with sources of cash likely to exceed uses
for the next 12 to 24 months. Cash sources will include modest
cash balances post refinancing and expected positive annual free
operating cash flow in the near term. We expect uses to include
modest, growth-related working capital investments, annual
capital expenditures of less than $60 million, and debt
amortization of $12 million per year," S&P related.

S&P's assessment of Emdeon's liquidity profile will incorporate
these expectations, assumptions, and factors:

    "We expect sources of liquidity to exceed uses by 1.2x or more
    and that net sources would be positive, even with a 15% to 20%
    drop in EBITDA," S&P stated.

    Additional liquidity is provided by availability under the
    proposed $125 million revolving credit facility.

    "Based on Emdeon's recurring revenue model and diverse
    customer base, we believe it can absorb high-impact, low-
    probability events," S&P stated.

"We will assign a stable outlook once ratings are finalized. The
outlook will be based on our expectation that operating trends,
while under some growth pressure, will remain positive as a result
of its highly recurring revenue and broad customer base. The
outlook also incorporates our expectation that adjusted leverage
will be maintained at or below current levels," S&P stated.

"We would consider an upgrade if Emdeon can maintain its revenue
growth and stable margins over time, such that adjusted leverage
declines to near the 5x range. On the other hand, sustained
leverage above 7x due to meaningful revenue or margin compression
as a result of either disappointing operating trends or additional
debt-financed acquisitions, could lead to lower ratings," S&P
related.

"Upon closing of the transaction, we expect to assign a 'BB-'
issue-level rating and a recovery rating of '1' to Emdeon's
proposed $125 million senior secured revolving credit facility due
2016 and $1.2 billion senior secured term loan due 2018. The '1'
recovery rating indicates our expectations for very high (90%-
100%) recovery for lenders in the event of a payment default.
We also expect to assign a 'CCC+' issue-level rating and a
recovery rating of '6' to Emdeon's proposed $750 million senior
unsecured notes due 2019. The '6' recovery rating indicates our
expectations for negligible (0%-10%) recovery for lenders in the
event of a payment default," S&P stated.

"The rating will remain at 'B+' and on CreditWatch Negative until
the close of financing, likely to be in the fourth quarter of
2011, but we will lower it to 'B' with a stable outlook upon the
ownership transfer. If the proposed terms are modified, we will
assess the new capital structure at that point to determine a
final rating," S&P related.


ENER1 INC: Arranges to Restructure Debt, Extend Credit Maturity
---------------------------------------------------------------
Dow Jones' DBR Small Cap reports that Ener1 Inc. disclosed Monday
that it has entered into an agreement to restructure its debt
following internal concerns about the company's ability to fund
its operations.

Ener1 Inc. (OTCBB: ENEI) -- http://www.ener1.com/-- has three
business lines, which the company conducts through three operating
subsidiaries.  EnerDel, an 80.5% owned subsidiary, which is 19.5%
owned by Delphi, develops Li-ion batteries, battery packs and
components such as Li-ion battery electrodes and lithium
electronic controllers for lithium battery packs.  EnerFuel
develops fuel cell products and services.  NanoEner develops
technologies, materials and equipment for nanomanufacturing.


ENERGY COMPOSITES: Posts $967,000 Net Loss in 2nd Quarter
---------------------------------------------------------
Energy Composites Corporation filed its quarterly report on Form
10-Q, reporting a net loss of $967,093 on $1.26 million of revenue
for the three months ended June 30, 2011, compared with a net loss
of $835,224 on $2.06 million of revenue for the same period of
2010.

The Company reported a net loss of $2.25 million on $2.21 million
of revenue for the six months ended June 30, 2011, compared with a
net loss of $2.23 million on $2.82 million of revenue for the same
period last year.

At June 30, 2011, the Company's balance sheet showed
$10.95 million in total assets, $9.26 million in total
liabilities, and stockholders' equity of $1.69 million.

As reported in the TCR on April 27, 2011, Moquist Thorvilson
Kaufmann Kennedy & Pieper LLC, in Edina, Minnesota, expressed
substantial doubt about Energy Composites' ability to continue as
a going concern, following the Company's 2010 results.  The
independent auditors noted that the Company had net losses for the
years ended Dec. 31, 2010, and 2009, and had an accumulated
deficit at Dec. 31, 2010.

A copy of the Form 10-Q is available at http://is.gd/fh32vq

Wisconsin Rapids, Wisconsin-based Energy Composites Corporation is
a manufacturer of composite structures and vessels for a range of
clean technology industries.  Based on its research of companies
in this sector, the Company believe it has the Midwest's largest
and most automated manufacturing capabilities with its world-
class, automated 73,000 square foot climate-controlled
manufacturing facility in Wisconsin Rapids, Wisconsin.


ENERGY FUTURE: Seeks Review of Final CSAPR as Applied to Texas
--------------------------------------------------------------
In 2005, the U.S. Environmental Protection Agency issued a final
rule (the Clean Air Interstate Rule or CAIR) requiring states to
reduce emissions of sulfur dioxide and nitrogen oxide that
significantly contribute to other states failing to attain or
maintain compliance with National Ambient Air Quality Standards
for fine particulate matter or ozone.  In 2008, the U.S. Court of
Appeals for the District of Columbia Circuit invalidated the CAIR,
but allowed the rule to continue in effect until such time as the
EPA issued a final replacement rule.  In August 2010, the EPA
issued for comment a proposed replacement rule for the CAIR called
the Clean Air Transport Rule.  As proposed, the CSAPR did not
include the State of Texas in its annual SO2 or NOx emissions
reduction programs to address alleged downwind fine particulate
matter effects.

In July 2011, the EPA issued the final CSAPR.  As issued, the
final CSAPR includes the State of Texas in its annual SO2 and NOx
emissions reduction programs, as well as its seasonal NOx
emissions reduction program.  These programs require significant
reductions of SO2 and NOx emissions from coal-fueled generation
units in covered states and institute a "cap and trade" system
designed to help generators achieve required reductions.
Compliance with the CSAPR's annual emissions reduction programs is
required beginning Jan. 1, 2012, and compliance with the CSAPR's
seasonal emissions reduction program is required beginning May 1,
2012.

In August 2011, the Company petitioned the EPA to reconsider the
final CSAPR provisions and stay the effectiveness of those
provisions, in each case as applied to the State of Texas.  The
EPA has not yet formally responded to the Company's petition.  On
Sept. 12, 2011, the Company filed a petition for review in the
D.C. Circuit Court challenging the CSAPR as it applies to Texas.
In that legal proceeding, the Company expects to file a motion to
stay the effective date of the CSAPR as applied to Texas.  The
Company cannot predict whether it will be successful in its
petition to the EPA, the Company's legal challenge to the CSAPR or
the Company's expected motion to stay the effective date of the
CSAPR.

The CSAPR requires that the Company's fossil-fueled generation
units reduce their annual SO2 and NOx emissions by approximately
64 percent and 22 percent, respectively, compared to 2010 levels,
each beginning on Jan. 1, 2012.  The CSAPR also requires the
Company's fossil-fueled generation units to reduce their seasonal
NOx emissions by 19 percent, compared to 2010 levels, beginning on
May 1, 2012, which is the start of the ozone season.  Although the
CSAPR establishes a "cap and trade" system intended to aid
compliance with the emissions limitations, the Company does not
expect there to be sufficient liquidity in emissions trading
markets for the purchase of emissions credits to constitute a
significant element of our near-term compliance strategy.
Further, the Company believes that the state assurance levels
contained in the CSAPR prevent using emissions credits to offset
emissions above the Company's generation fleet's pro rata portion
of the Texas assurance level from being a viable near-term
compliance strategy.  Due to the short timeframe for compliance
with the emissions limitations in the CSAPR, the Company believes
that the permitting, engineering, procurement and construction of
new environmental control equipment that would be necessary to
fully comply with the CSAPR will not be feasible to allow
compliance beginning on Jan. 1, 2012.

Therefore, assuming that neither the EPA nor the D.C. Circuit
Court issues a stay of the CSAPR as applied to the State of Texas,
the Company expects to:

   * idle Units 1 and 2 at the Company's Monticello generation
     facility (approximately 1,200 MW);

   * switch the fuel the Company uses in Unit 3 at its Monticello
     generation facility (approximately 750 MW) and Units 1 and 2
     at the Big Brown generation facility (approximately 1,200 MW)
     from a blend of Texas lignite and Powder River Basin coal to
     100 percent Powder River Basin coal (in conjunction with the
     permitting, engineering, procurement and construction of a
     baghouse and installation of dry sorbent injection systems at
     Big Brown Units 1 and 2 and the permitting, engineering,
     procurement and construction of an upgraded flue-gas
     desulfurization unit at Monticello Unit 3);

   * cease lignite mining operations at the Big Brown/Turlington,
     Winfield and Thermo mines that serve the Big Brown and
     Monticello generation facilities; and

   * permit, engineer, procure, and construct upgraded scrubbers
     to reduce SO2 emissions from Units 1, 2, and 3 at the
     Company's Martin Lake generation facility and Unit 4 at the
     Company's Sandow generation facility.

The Company expects the unit idling to occur immediately prior to
Jan. 1, 2012; the fuel switching and cessation of lignite mining
operations to occur immediately prior to and during the first
quarter of 2012; and the completion of the scrubber upgrades to
occur by the end of 2012.  These actions are expected to reduce,
in the near term, the Company's total peak generation capacity by
approximately 1,300 MW in the aggregate in order to comply with
our CSAPR emissions limitations.  The Company also intends to
continue to seek to identify and pursue options that might allow
it to restore levels of generation at the units affected by the
actions.

The Company expects these actions to result in material capital
expenditures.  Capital expenditures by the end of 2012 related to
these actions are expected to be approximately $280 million.  The
Company estimates expenditures of more than $1.5 billion before
the end of the decade in environmental control equipment will be
required to comply with regulatory requirements, including the
CSAPR.  The Company also expects these actions to result in
revenue decreases, due to lower wholesale power sales volumes
caused by the reduced generation, as well as increased fuel costs.
The Company expects the effect of reduced generation combined with
increased fuel costs associated with the transition from a blend
of lignite and Powder River Basin coal to 100 percent Powder River
Basin coal at the Big Brown and Monticello generation facilities,
among other things, to result in approximately $260 million of
lower Adjusted EBITDA in the year ended Dec. 31, 2012.  The
Company estimates that approximately 65 percent of the 2012
Adjusted EBITDA impact will be associated with the increased fuel
costs, with the remainder due to lower generation.  Cash impacts
associated with fuel switching in 2012 are expected to be
partially mitigated by approximately $100 million of lower capital
expenditures at the affected lignite mining and plant locations.
In addition, the Company estimates that approximately 500 jobs at
our generation and mining facilities will be eliminated in
connection with these actions.

The Company's continued evaluation of the consequences of the
CSAPR could also result in the recording of material, noncash
asset impairment charges in the third or fourth quarter of 2011
related to goodwill or the Company's generation facilities,
including related lignite mining operations.  The Company expects
the job eliminations to result in severance charges as plans are
finalized, likely in the fourth quarter of 2011.

                        About Energy Future

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

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

The Company's balance sheet at June 30, 2011, showed
$45.07 billion in total assets, $52.01 billion in total
liabilities, and a $6.94 billion total deficit.

                           *     *     *

In April 2011, Moody's Investors Service affirmed the 'Caa2'
Corporate Family Rating, 'Caa3' Probability of Default Rating and
SGL-4 Speculative Grade Liquidity Ratings of EFH.  Outlook is
stable.  EFH's Caa2 CFR and Caa3 PDR reflect a financially
distressed company with limited financial flexibility; its capital
structure appears to be untenable, calling into question the
sustainability of the business model; and there is no expectation
for any meaningful debt reduction over the next few years, beyond
scheduled amortizations.

At the end of February 2011, Fitch Ratings it does not expect to
take any immediate rating action on EFH's Texas Competitive
Electric Holdings Company LLC or their affiliates based on recent
default allegations from lender Aurelius.  EFH carries a 'CCC'
corporate rating, with negative outlook, from Fitch.


EVERGREEN SOLAR: Creditors Committee Opposes Quick Sale
-------------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that the
official committee of unsecured creditors for Evergreen Solar Inc.
opposes a quick sale for Evergreen where secured noteholders would
buy all the assets in exchange for debt, even though not covered
by the secured claim.  The committee said $200,000 being set aside
for unsecured creditors is "virtually nothing."  The panel
characterized the lenders' strategy as "tantamount to renting the
bankruptcy process for their own parochial interest."  The
creditors said a partly owned plant in Wuhan, China, isn't covered
by the noteholders' lien.  Likewise, 35% of the equity in other
offshore affiliates isn't the lenders' collateral, the committee
said.  The committee said that $50,000 being set aside for all
creditors' professionals isn't enough to investigate the validity
of secured claims.

                       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 PLAZA: Normandie Files Schedules of Assets and Debts
--------------------------------------------------------------
Normandie Court III-DE, LLC, filed with the U.S. Bankruptcy Court
for the Central District of California its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $14,000,000
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $17,638,808
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $1,383
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $160,919
                                 -----------      -----------
        TOTAL                    $14,000,000      $17,801,110

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

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

           About Evergreen Plaza Investment-DE et al.

Evergreen Plaza Investment-DE, LLC; 15352 Vanowen Street
Apartments-DE, LLC; Normandie Court III-DE, LLC; Westlake
Evergreen-DE, LLC, jointly own, as Tenants-in-Common, 100% of real
property located at 3637-3755 E. Thousand Oaks Blvd., Thousand
Oaks, California.  The percentage of ownership is: Evergreen
(54.31%), Normandie (10.74%), Westlake (25%), and Vanowen (9.95%).
The four entities jointly operate the Real Property pursuant to a
Tenancy in Common Agreement executed between them on Oct. 28,
2004.  The Real Property is a commercial complex of about 38 units
with 21 units rented at this time.

The real property is managed by Kaufman Properties, owned by Mark
Kaufman, and JDS Real Estate, Inc. owned by Jason Schwetz. The
leasing broker is JDS Real Estate, Inc. who is presently showing
the spaces.

The four entities filed for Chapter 11 bankruptcy on June 28,
2011, to stop a foreclosure sale by secured creditor LNR Partners.
Evergreen Plaza Investment-DE (Bankr. C.D. Calif. Case No. 11-
17858); Westlake Evergreen-DE, LLC (Bankr. C.D. Calif. Case No.
11-17874); 15352 Vanowen Street Apartments-DE (Bankr. C.D. Calif.
Case No. 11-17870); and Normandie Court III-DE (Bankr. C.D. Calif.
Case No. 11-17872), estimated $10 million to $50 million in both
assets and debts in their petitions.  The law offices of M.
Jonathan Hayes serve as the Debtors' counsel.  The Court for the
Central District of California has transferred the Chapter 11 case
to the calendar of Bankruptcy Judge Geraldine Mund.

The Debtors value the real property at roughly $13 million.  Total
secured debt exceeds $17 million.  Each debtor-entity said its
case is a single asset case.


FARENCO SHIPPING: Seeks Recognition of B.V.I. Liquidation
---------------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that
Farenco Shipping Co. LLC, a time-charter operator in liquidation
in the British Virgin Islands, filed a petition in New York for
protection in the U.S. under Chapter 15.

The liquidator, who was appointed at the end of May, explained in
a court filing how the company's financial problems were the
result of the "dramatic collapse" of the bulk cargo market in
2008. The company was a time-charter operator hauling bulk cargo
such as iron, coal, and steel.

Although there are no assets or lawsuits in the U.S., the
liquidator intends on using Chapter 15 to garner information about
the company's financial transactions from banks operating in the
U.S.  The liquidator also intends to use Chapter 15 to gain
possession of books and records of the company's affairs in the
hands of affiliates in Hong Kong and Singapore.

The liquidator believes the U.S. court has power to require the
turnover of company records because the foreign affiliates were
registered to do business in New York.

The assets, according to the liquidator, consist of $346,000 in
cash plus potential lawsuits.

Farenco Shipping Co. Ltd., filed a Chapter 15 petition (Bankr.
S.D.N.Y. Case No. 11-14138) on Aug. 31, 2011.  James H. Power,
Esq., at Holland & Knight, LLP, represents the Debtor's foreign
representative in the Chapter 15 case.  The Debtor is estimated to
have up to $1 million in assets and $10 million to $50 million in
liabilities.


FBJ REAL: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------
Debtor: FBJ Real Estate, LLC
        37057 Turneysville Road
        Purcellville, VA 20132

Bankruptcy Case No.: 11-16606

Chapter 11 Petition Date: September 8, 2011

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

Judge: Robert G. Mayer

Debtor's Counsel: Robert M. Marino, Esq.
                  REDMON PEYTON & BRASWELL, LLP
                  510 King Street, Suite 301
                  Alexandria, VA 22314-3143
                  Tel: (703) 684-2000
                  Fax: (703) 684-5109
                  E-mail: rmmarino@rpb-law.com

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

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

A list of the Company's four largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/vaeb11-16606.pdf

The petition was signed by Joseph L. Bane, Jr., manager.

Affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Highland Construction Management       11-11413   02/28/11
Services, LP

Joseph Lee Bane, Jr.                   11-11426   02/28/11


FITNESS RESOURCE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Fitness Resource, Inc.
        22714 Glenn Drive, Suite 130
        Sterling, VA 20164

Bankruptcy Case No.: 11-16630

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Brian F. Kenney

Debtor's Counsel: Kermit A. Rosenberg, Esq.
                  BUTZEL LONG TIGHE PATTON, PLLC
                  1747 Pennsylvania Avenue, NW, Third Floor
                  Washington, DC 20006-4604
                  Tel: (202) 454-2800
                  Fax: (202) 454-2805
                  E-mail: krosenberg@bltplaw.com

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

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

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/vaeb11-16630.pdf

The petition was signed by David E. Nees, president.


FLINTKOTE MINES: Further Amends Chapter 11 Plan
-----------------------------------------------
The Flintkote Company and Flintkote Mines Limited filed with the
U.S. Bankruptcy Court for the District of Delaware a further
amended plan of reorganization and an accompanying disclosure
statement.

As previously reported by the Troubled Company Reporter on
July 11, 2011, the Court, in a 20th order, extended the Debtors'
exclusive periods to file and solicit acceptances for the proposed
Chapter 11 Plan until Oct. 31, 2011, and Dec. 31, respectively.

The Debtors related that the Official Committee of Asbestos
Personal Injury Claimants and the legal representative of future
asbestos claimants support the relief sought in the motion.  The
Debtors further related that the modified amended plan represents
extensive negotiations between the plan proponents and their
cooperative efforts to formulate a consensual plan of
reorganization that rehabilitates the Debtors and maximizes the
pool of assets available to creditors.  The plan provides for the
reorganization of the Debtor and channeling of the Debtors'
asbestos-related liabilities to a trust liabilities to a trust
governed by a detailed trust distribution procedures.

The modified plan has been accepted by all classes of creditors
and claimants, including a majority of Asbestos Personnel Injury
Claimants.

A full-text copy of the Amended Plan, dated August 30, 2011, is
available for free at http://ResearchArchives.com/t/s?76ec

                    About The Flintkote Company

Headquartered in San Francisco, California, The Flintkote Company
is engaged in the business of manufacturing, processing and
distributing building materials.  Flintkote Mines Limited is a
subsidiary of Flintkote Company and is engaged in the mining of
base-precious metals.  The Flintkote Company filed for Chapter 11
protection on April 30, 2004 (Bankr. D. Del. Case No. 04-11300).
Flintkote Mines Limited filed for Chapter 11 relief of August 25,
2004 (Bankr. D. Del. Case No. 04-12440).  James E. O'Neill, Esq.,
Kathleen P. Makowswki, Esq., Laura Davis Jones, Esq., Sandra G.M,
Selzer, Esq., and Scotta Edelen McFarland, Esq., at Pachulski
Stang Ziehl & Jones LLP, represent the Debtors in their
restructuring efforts.  Kathleen Campbell Davis, Esq., and Mark T.
Hurford, Esq., at Campbell & Levine, LLC, represent the official
committee of unsecured creditors as counsel.

When Flintkote Company filed for protection from its creditors, it
listed more than $100 million each in assets and debts.  When
Flintkote Mines Limited filed for protection from its creditors,
it listed assets of $1 million to $50 million, and debts of more
than $100 million.

No request has been made for the appointment of a trustee or
examiner in the Debtors' cases.


FTB, INC.: Case Summary & 4 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: FTB, Inc.
          fdba K.N. Matsumura, Inc.
        2107 Dwight Way, Suite 100
        Berkeley, CA 94704

Bankruptcy Case No.: 11-12823

Chapter 11 Petition Date: September 7, 2011

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

Debtor's Counsel: James E. Huggett, Esq.
                  MARGOLIS EDELSTEIN
                  750 Shipyard Drive, Suite 102
                  Wilmington, DE 19801
                  Tel: (302) 888-1112
                  Fax: (302) 888-1119
                  E-mail: jhuggett@margolisedelstein.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 four largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/deb11-12823.pdf

The petition was signed by Kenneth Matsumura, president/chief
executive officer.


FULL CIRCLE: Plan Exclusivity Extended Until Nov. 2
---------------------------------------------------
The Hon. Jerry A. Funk of the U.S. Bankruptcy Court for the
Middle District of Florida extended until Nov. 2, 2011, Full
Circle Dairy LLC's exclusive period to solicit acceptances of its
Chapter 11 plan of reorganization.

                     About Full Circle Dairy

Full Circle Dairy, LLC, operates a dairy in Lee, Florida.  It
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case
No. 10-06895) on Aug. 9, 2010.  Robert D Wilcox, Esq., at Brennan,
Manna & Diamond, PL, in Jacksonville, Fla., represents the Debtor.
The official committee of unsecured creditors in the Chapter 11
case has tapped John T. Rogerson, III, Esq., at Volpe, Bajalia,
Wickes, Rogerson & Wachs, P.A., in Jacksonville, Fla., as counsel.

The Company disclosed $14,281,637 in assets and $12,879,703 in
liabilities as of the Petition Date.


FULL CIRCLE: Hires Robert Wilcox & Brennan as Counsel
-----------------------------------------------------
Full Circle Dairy, LLC , seeks permission from the U.S. Bankruptcy
Court for the District of Florida to employ Robert D. Wilcox and
Brennan, Manna & Diamond, P.L. as counsel for the Debtor.

Full Circle originally hired Robert D. Wilcox and Wilcox Law Firm
by corporate resolution dated May 25, 2010 to negotiate with its
creditors, including SunTrust bank, and subsequently paid Wilcox
Law Firm a $50,000 retainer.  Subsequent to that date, it appeared
that Full Circle could reach agreements with its major creditors
that would allow it to avoid filing this case.  During late July
2010, negotiations broke down and it became increasing clear that
an out-of-court workout could not be successful, and Full Circle
either had to cease operations or file this case on an emergency
basis on Aug. 9, 2010.

To the best of Full Circle's knowledge, the Firm has no connection
with the creditors or any other party-in-interest in this case.

The firm's rates are:

   Personnel                  Rates
   ---------                  -----
   Robert D. Wilcox           $305 per hour
   Partners                   $250-$395 per hour
   Associates                 $165-$235 per hour

                   About Full Circle Dairy

Full Circle Dairy, LLC, operates a dairy in Lee, Florida.  It
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case
No. 10-06895) on Aug. 9, 2010.  Robert D Wilcox, Esq., at Brennan,
Manna & Diamond, PL, in Jacksonville, Fla., represents the Debtor.
The official committee of unsecured creditors in the Chapter 11
case has tapped John T. Rogerson, III, Esq., at Volpe, Bajalia,
Wickes, Rogerson & Wachs, P.A., in Jacksonville, Fla., as counsel.
The Company disclosed $14,281,637 in assets and $12,879,703 in
liabilities as of the Petition Date.


GAME TRADING: Posts $7.8 Million Net Loss in 2nd Quarter
--------------------------------------------------------
Game Trading Technologies Inc. filed its quarterly report on Form
10-Q, reporting a net loss of $7.8 million on $7.1 million of
sales for the three months ended June 30, 2011, compared with a
net loss of $641,050 on $6.5 million of sales for the same period
last year.

The Company had a net loss $9.2 million on $16.2 million of sales
for the six months ended June 30, 2011, compared with a net loss
of $2.3 million on $18.0 million of sales for the same period of
2010.

"We have continued to incur operating losses in the current year
and to date have been unsuccessful in raising additional working
capital and that we are dependent upon management's ability to
develop profitable operations," the Company said in the filing.
"These factors among others may raise substantial doubt about our
ability to continue as a going concern."

A copy of the Form 10-Q is available at http://is.gd/JnNqG5

Game Trading Technologies, headquartered in Hunt Valley, Maryland,
provides comprehensive trading solutions and services for video
game retailers, publishers, rental companies, and consumers.


GBO INC: Suspends Operations; Plans to Restructure Under BIA
------------------------------------------------------------
The Canadian Press reports that GBO Inc. announced Friday that it
intends to file a proposal under the Bankruptcy and Insolvency Act
in a move to restructure its obligations to creditors.

According to the news agency, the Company said in a brief
announcement that it hoped to be in a position to quickly resume
operations "to satisfy its customers' orders."

"Suppliers of the company for goods and services provided after
the filing of the notice of intention will be paid in the normal
course of business," GBO said.

The Canadian Press relates that the Company said Sept. 7 it had
shut down operations due to a cash crunch that had prevented it
from paying suppliers of wood and other materials.

"Until a solution is found, the company deemed it best to suspend
operations," GBO said at the time, according to the report.

The Canadian Press, citing Quebec City newspaper Le Soleil, says
GBO had laid off almost half of its 160 employees prior to the
shutdown.

Last month, the report discloses, GBO said its net loss had
doubled in the most recent quarter on sharply lower sales.  The
company lost $1.8 million or 10 cents a share for the three months
ended May 31, compared with $770,000 or two cents a year ago.

The manufacturer posted sales of $3.1 million, down from $4.6
million. Canadian sales fell by more than half to $1.2 million
from $2.7 million, while U.S. sales dropped by just over six per
cent to $1.8 million, the Canadian Press discloses.

GBO said poor weather affected the company's profitability in the
first quarter of fiscal 2012, affecting construction markets and
its own factory output, the report adds.  As well, its
manufacturing plant south of Quebec City was flooded during the
quarter.

Founded in 1946, GBO Inc. manufactures and distributes a selection
of mid-range and high-end energy efficient wood window
arrangements, doors and accessories to the home improvement and
construction markets mainly in Quebec, Ontario, the Maritimes and
the eastern and southeastern United States.


GELT PROPERTIES: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Gelt Financial Corporation filed with the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania its schedules of assets
and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $1,347,280
  B. Personal Property           $18,993,445
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $14,462,225
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $19,737
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $2,568,596
                                 -----------      -----------
        TOTAL                    $20,340,725      $17,050,558

Gelt Properties, LLC, also filed its schedules disclosing
$4,779,090 in assets and $3,089,336 in liabilities as of the
Chapter 11 filing.

                      About Gelt Properties

Based in Huntington Valley, Pennsylvania, Gelt Properties, LLC,
and affiliate Gelt Financial Corporation borrow money from
traditional lenders and make loans to commercial borrowers.  They
also acquire and manage real estate.  Gelt Properties and Gelt
Financial filed for (Bankr. E.D. Pa. Case Nos. 11-15826 and 11-
15826) on July 25, 2011.  Judge Magdeline D. Coleman presides over
the cases.  Albert A. Ciardi, III, Esq., Jennifer E. Cranston,
Esq., and Thomas Daniel Bielli, Esq., at Ciardi Ciardi & Astin,
P.C., in Philadelphia, Pa., serve as the Debtors' bankruptcy
counsel.  In their separate petitions, the Debtors both
estimated $10 million to $50 million in assets and debts.  The
petitions were signed by Uri Shoham, the Debtors' chief financial
officer.


GENTIVA HEALTH: Moody's Downgrades Corp. Family Rating to 'B1'
--------------------------------------------------------------
Moody's Investors Service lowered Gentiva's Corporate Family and
Probability of Default ratings to B1 from Ba3, the senior secured
bank ratings to Ba3 from Ba2, the senior unsecured rating to B3
from B2 and left Gentiva's ratings under review for possible
downgrade. Moody's also lowered Gentiva's speculative grade
liquidity rating to SGL-3. Although Moody's does not believe the
risk to covenant compliance is in the very near term, Moody's
believes that future step downs in the financial maintenance
covenants may require amendments.

These ratings were downgraded and remain under review for further
downgrade:

Corporate Family Rating to B1 from Ba3;

Probability of Default Rating to B1 from Ba3;

$125 million senior secured revolver due 2015 to Ba3 (LGD3, 32%)
from Ba2 (LGD3, 34%);

$163 million senior secured term loan A due 2015 to Ba3 (LGD3,
32%) from Ba2 (LGD3, 34%);

$540 million senior secured term loan B due 2016 to Ba3 (LGD3,
32%) from Ba2 (LGD3, 34%);

$325 million unsecured notes due 2018 to B3 (LGD5, 86%) from B2
(LGD5, 88%);

Rating downgraded:

Speculative Grade Liquidity Rating to SGL-3 from SGL-2.

RATINGS RATIONALE

The downgrade reflects Moody's expectation for meaningfully weaker
financial performance from Gentiva as a result of the additional
costs associated with new regulatory policies (i.e. "face-to-face"
physician requirements) alongside ongoing reimbursement rate cuts
from Medicare. As a consequence, leverage will remain considerably
higher than Moody's originally anticipated following the Odyssey
acquisition of last year at close to 5 times debt-to-EBITDA. The
review for possible downgrade from B1 is based on the potential
for the pending July 2011 rate cut (which is of uncertain
magnitude but expected to be finalized October 2011) to be
difficult to offset completely with restructuring measures.
Moody's also believes flexibility under Gentiva's bank credit
agreement covenants will diminish as the step downs occur over
time.

Moody's review will focus on the ultimate magnitude of the
reimbursement rate cut in October 2011 as well as the volume and
administrative costs associated with regulatory requirements
(including "face-to-face") and consider the potential for Gentiva
to deploy various initiatives that could mitigate the losses
associated with these reductions. Moody's notes that Gentiva's
hospice segment should modestly offset the depth of the home
health rate cuts given its 2.5% rate increase in 2012 and the
benefits from approximately $100 million in balance sheet cash and
proceeds of about $70 million from the sale of its stake in
CareCentrix. In addition, Moody's will evaluate the company's
flexibility under its financial maintenance covenants and the
potential requirement for an amendment in 2012.

Gentiva Health Services, Inc. ("Gentiva"; NASDAQ: GTIV) is a
leading provider of home health and hospice services in the US.
The company offers direct home nursing and therapies, including
specialty programs, as well as hospice care with over 450
locations in 42 states. Gentiva reported revenues of over $1.7
billion for the twelve months ended June 30, 2011.

Gentiva Health Services, Inc.'s ratings were assigned by
evaluating factors that Moody's considers relevant to the credit
profile of the issuer, such as the company's (i) business risk and
competitive position compared with others within the industry;
(ii) capital structure and financial risk; (iii) projected
performance over the near to intermediate term; and (iv)
management's track record and tolerance for risk. Moody's compared
these attributes against other issuers both within and outside
Gentiva Health Services, Inc. 's core industry and believes
Gentiva Health Services, Inc. 's ratings are comparable to those
of other issuers with similar credit risk. Other methodologies
used include Loss Given Default for Speculative-Grade Non-
Financial Companies in the U.S., Canada and EMEA published in June
2009. Please see the Credit Policy page on www.moodys.com for a
copy of this methodology.


GIORDANO'S ENTERPRISES: Lease Decision Period Extended to Feb. 28
-----------------------------------------------------------------
On Sept. 6, 2011, the U.S. Bankruptcy Court for the Northern
District of Illinois further extended through and including
Feb. 28, 2011, the time within which Philip V. Martino, Chapter 11
Trustee for Giordano's Enterprises, Inc., et al., must assume or
reject certain unexpired leases of nonresidential property, with
the following exceptions:

(a) the time within which the Trustee must assume or reject that
certain Lease of nonresidential real property located at 9415 West
Higgins Road in Rosemont, Illinois, is extended through and
including Nov. 18, 2011;

(b) the time within which the Trustee must assume or reject that
certain Lease of nonresidential real property located at 5115 Main
Street in Downers Grove, Illinois, is extended through and
including Dec. 31, 2011;

(c) the time within which the Trustee must assume or reject that
certain Lease of nonresidential real property located at 7105
Grand Avenue in Gurnee, Illinois is extended through and including
the earlier of (i) Dec. 31, 2011, and (ii) confirmation of a
Chapter 11 plan of reorganization for Griordano's Enterprises,
Inc.

As to any executed Consents for the Outstanding Leases that are
received after Sept. 6, 2011, but that are executed on or before,
or as of, Sept. 14, 2011, the Trustee may file the Consents as
supplements to Exhibit B to the Motion, and this order will apply
to those Outstanding Leases according to the terms of the relevant
Consent, without further hearing or order of the Court.

                   About Giordano's Enterprises

Chicago, Illinois-based Giordano's Enterprises, Inc., was founded
in 1974 in Chicago, Illinois, by two Argentinean immigrants, Efren
and Joseph Boglio.  In 1988, John and Eva Apostolou purchased
control of Giordano's.  Although this casual dining eatery offers
a broad array of fine Italian cuisine, it is primarily know for
its "Chicago's World Famous Stuffed Pizza".  At present,
Giordano's operates six company owned stores in Chicagoland, four
joint venture stores, and thirty-five franchisee locations.  In
addition, Giordano's operates Americana Foods, Inc., located in
Mount Prospect, Illinois, that serves as the commissary for the
majority of food products purchased by the Illinois locations.

An affiliated real estate holding company, Randolph Partners, LP,
owns 12 restaurant buildings that are leased to four of the
company-owned locations, two of the joint venture locations and
six of the franchisee locations.  The other 33 locations are
leased from third party landlords; two for the Giordano's
locations, two for the joint venture locations and 29 for the
franchise locations.  Giordano's is the lessee and subleases the
restaurant facility for 22 of the 29 franchise third party leases.
JBA Equipment Finance, Inc, another affiliated entity, leases
restaurant equipment packages to eight franchisee locations.

Giordano's Enterprises and 26 affiliates filed for Chapter 11
bankruptcy protection (Bankr. N.D. Ill. Lead Case No. 11-06098) on
Feb. 16, 2011.  Six additional affiliates filed for Chapter 11
protection on Feb. 17, 2011.  Michael L. Gesas, Esq., David A.
Golin, Esq., Miriam R. Stein, Esq., and Kevin H. Morse, at
Arnstein & Lehr, LLP, in Chicago, serve as the Debtors'
bankruptcy counsel.  Giordano's Enterprises disclosed $59,387 in
assets and $45,538,574 in liabilities as of the Chapter 11 filing.

Certain of the Debtors owe Fifth Third Bank not than $13,560,662,
pursuant to loans and financial accommodations, and $31,927,998
under a business loan as of the Petition Date.  Fifth Third has
agreed to provide DIP financing of up to $35,983,563 to the
Debtors.

Philip V. Martino has been appointed as Chapter 11 trustee in the
Debtors' bankruptcy cases, at the behest of the U.S. Trustee.
Mr. Martino filed a $3,000,000 bond.


GLOBAL CROSSING: GCUK Incurs GBP5.27 Million Second Quarter Loss
----------------------------------------------------------------
Global Crossing Limited announced second-quarter results for its
subsidiary, Global Crossing (UK) Telecommunications Limited.  The
Company reported a net loss of GBP5.27 million on GBP72.18 million
of revenue for the three months ended June 30, 2011, compared with
a net loss of GBP3.42 million on GBP77.99 million of revenue for
the same period during the prior year.

The Company's balance sheet at June 30, 2011, showed
GBP264.03 million in total assets, GBP490.64 million in total
liabilities, and a GBP226.61 million total deficit.

"We continue to invest in advanced IP-based networking solutions
and highly skilled sales resources to expand and diversify our
enterprise customer base in the UK," said John Legere, chief
executive officer of Global Crossing.  "Meanwhile, we are
successfully positioning for broader opportunities with UK
government customers.  In fact, GCUK was recently approved as a
supplier for UK Government's Managed Telecommunications
Convergence Framework, which broadens our addressable market
opportunity to an additional 6 million government users.  We also
received full Public Service Network certification from the UK
Cabinet Office for delivery of its Government Conveyance Network
and PSN Internet Protocol Virtual Private Network services to the
Public Sector."

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

                        http://is.gd/x2gxSf

                       About Global Crossing

Based in Hamilton, Bermuda, Global Crossing Limited (NASDAQ: GLBC)
-- http://www.globalcrossing.com/-- is a global IP, Ethernet,
data center and video solutions provider with the world's first
integrated global IP-based network.

Global Crossing Limited reported a consolidated net loss of
$172 million on $2.609 billion of consolidated revenue for the
twelve months ended Dec. 31, 2010, compared with a net loss of
$141 million on $2.159 billion of revenue during the prior year.

The Company's balance sheet at June 30, 2011, showed $2.28 billion
in total assets, $2.83 billion in total liabilities and a $548
million total shareholders' deficit.

                          *     *     *

As reported by the Troubled Company Reporter on March 31, 2010,
Standard & Poor's Ratings Services raised all its ratings on
Global Crossing, including the corporate credit rating to 'B' from
'B-'.  The outlook is stable.  S&P assigned its 'CCC+' issue-level
rating and '6' recovery rating to Global Crossing's proposed $150
million of senior unsecured notes due 2019.  The '6' recovery
rating indicates S&P's expectation for negligible (0%-10%)
recovery in the event of a payment default.


GREAT ATLANTIC: Files Plan to Mediate $1.3 Billion in Claims
------------------------------------------------------------
Liz Hoffman at Bankruptcy Law360 reports that Great Atlantic &
Pacific Tea Co. lodged a plan on Sunday to pare down roughly
$1.3 billion in outstanding personal injury claims through
mediation, seeking to sidestep a major obstacle in the struggling
chain's restructuring effort.

Some 2,600 claimants would get a crack at the grocer's liquidated
assets only if mediation or arbitration fail, under a proposal
filed in New York bankruptcy court, according to Law360.

                  About Great Atlantic & Pacific

Founded in 1859, Montvale, New Jersey-based Great Atlantic &
Pacific is a supermarket retailer, operating under a variety of
well-known trade names, or "banners" across the mid-Atlantic and
Northeastern United States.  Before filing for bankruptcy in 2010,
A&P operated 429 stores in 8 states and the District of Columbia
under the following trade names: A&P, Waldbaum's, Pathmark,
Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super
Foodmart, Super Fresh and Food Basics.  A&P had 41,000 employees
prior to the bankruptcy filing.

A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Case No. 10-24549) on Dec. 12, 2010 in White Plains, New York.  In
its petition, A&P reported total assets of $2.5 billion and
liabilities of $3.2 billion as of Sept. 11, 2010.

Paul M. Basta, Esq., James H.M. Sprayregen, Esq., and Ray C.
Schrock, Esq., at Kirkland & Ellis, LLP, in New York, and James J.
Mazza, Jr., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois,
serve as counsel to the Debtors.  Kurtzman Carson Consultants LLC
is the claims and notice agent.  Lazard Freres & Co. LLC is the
financial advisor.  Huron Consulting Group is the management
consultant.  Dennis F. Dunne, Esq., Matthew S. Barr, Esq., and
Abhilash M. Raval, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represent the Official Committee of Unsecured Creditors.

A&P obtained court approval for a new contract with C&S Wholesale
Grocers Inc., its principal supplier.  The contract is designed to
save A&P $50 million a year when the supermarket operator emerges
from Chapter 11 reorganization.

A&P sold postpetition 12 Super-Fresh stores in the Baltimore-
Washington area for $37.83 million, plus the value of inventory.
Thirteen other locations didn't attract buyers at auction and were
closed mid-July 2011.


H & H HOLDING: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: H & H Holding, L.P.
        P.O. Box 680
        Huntingdon Valley, PA 19006

Bankruptcy Case No.: 11-17084

Chapter 11 Petition Date: September 12, 2011

Court: U.S. Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Stephen Raslavich

Debtor's Counsel: Walter D. Campbell, Esq.
                  LAW OFFICE OF WALTER D CAMPBELL, ESQUIRE
                  P.O. Box 579
                  5729 Emilie Road
                  Levittown, PA 19058
                  Tel: (215) 943-7863
                  E-mail: yardley746@aol.com

Scheduled Assets: $1,033,100

Scheduled Debts: $679,765

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

The petition was signed by Jan Levitt, partner.


HARRY & DAVID: Implements Confirmed Chapter 11 Plan
---------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Harry & David Holdings Inc. implemented the
bankruptcy reorganization plan yesterday that the court approved
on Aug. 29.

Greg Stiles at the Mail Tribune reported that Harry & David was
due to exit Chapter 11 on Sept. 13, 2011.

According to the Mail Tribune, no permanent CEO has been named to
succeed Kay Hong of Alvarez & Marsal, who replaced Heyer as
interim CEO and chief restructuring officer in February.

The Plan allows the Company to convert all of its approximately
$200 million of outstanding public notes into equity of the
reorganized company.  The Plan also includes an equity capital
raise that will generate $55 million in equity financing upon the
Company's emergence from Chapter 11.  A group of the Company's
existing noteholders have agreed to backstop the equity capital
raise.  The Company will utilize proceeds from the equity capital
raise to satisfy obligations arising from its $55 million post-
petition term loan.  Additionally, the Company has a $100 million
revolving loan commitment to finance its operations after the
Company exits Chapter 11.

                       About Harry & David

Medford, Oregon-based Harry & David Holdings, Inc. -- aka Bear
Creek Corporation; Bear Creek Direct Marketing, Inc.; Bear Creek
Stores, Inc.; Bear Creek Operations, Inc.; and Bear Creek
Orchards, Inc. -- is a multi-channel specialty retailer and
producer of branded premium gift-quality fruit and gourmet food
products and gifts marketed under the Harry & David(R),
Wolferman's(R) and Cushman's(R) brands.  It has 70 stores across
the country.

Harry & David Holdings filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-10884) on March 28, 2011.  Affiliates
Harry and David (Bankr. D. Del. Case No. 11-10885), Harry & David
Operations, Inc. (Bankr. D. Del. Case No. 11-10886), and Bear
Creek Orchards, Inc. (Bankr. D. Del. Case No. 11-10887) filed
separate Chapter 11 petitions.  The cases are jointly
administered, with Harry David Holdings as lead case.

David G. Heiman, Esq., Brad B. Erens, Esq., and Timothy W.
Hoffman, Esq., at Jones Day, are the Debtors' lead counsel.
Daniel J. DeFranceschi, Esq., Paul Noble Heath, Esq., and Zachary
Shapiro, Esq., at Richards Layton & Finger, serve as the Debtors'
local counsel.  Rothschild Inc. is the Debtors' investment banker.
Alvarez & Marsal LLC is the Debtors' financial advisor.  Garden
City Group Inc. is the Debtors' claims and notice agent.  McKinsey
Recovery & Transformation Services U.S. LLC is being tapped as
management consultants.

The Debtor also tapped DJM Realty Services, LLC, as real estate
consultants; Alvarez & Marsal North America to provide the Debtors
an interim chief executive officer and chief restructuring officer
and certain additional officers; and McKinsey Recovery &
Transformation Services U.S. LLC as their management consultant.

Kristopher M. Hansen, Esq., and Erez E. Gilad, Esq., at Stroock &
Stroock & Lavan LLP; Thomas B. Walper, Esq., at Munger, Tolles &
Olson LLP; and Ira S. Dizengoff, Esq., at Akin Gump Strauss Hauer
& Feld LLP are counsel to principal noteholders.  Moelis & Company
is the financial advisor to the principal noteholders.

Lowenstein Sandler has been retained as counsel to the unsecured
creditors committee.

The Debtors disclosed $304.3 million in total assets and
$360.8 million in total debts as of Dec. 25, 2010.

On April 7, 2011, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.


HAWAII MEDICAL: Patient Care Ombudsman Taps Lyons Brandt
--------------------------------------------------------
The Hon. Robert J. Faris of the U.S. Bankruptcy Court for the
District of Hawaii authorized Diane M. Okumura, the duly appointed
patient care ombudsman in the Chapter 11 cases of Hawaii Medical
Center, et al., to employ Lyons Brandt Cook & Hiramatsu as her
counsel.

The firm will assist the ombudsman in the preparation of reports
and motions and in the performance of her statutory duties.

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

                  About Hawaii Medical Center

The Hawaii Medical Center, along with its affiliates, filed for
Chapter 11 bankruptcy (Bankr. D. Hawaii Lead Case No. 11-01746) on
June 21, 2011, just a year after exiting court protection.  Hawaii
Medical Center owns two hospital campuses -- HMC East in North
Honolulu and HMC West in Ewa Beach.  The two hospitals have 342
licensed beds and have a total of more than 1,000 employees.  The
hospitals were known as St. Francis Medical Center before Hawaii
Medical purchased the hospitals in 2007.

Judge Robert J. Faris presides over the 2011 case.  Lawyers at
Moseley Biehl Tsugawa Lau & Muzzi, in Honolulu, Hawaii, and
McDonald Hopkins LLC, in Cleveland, Ohio, serve as the Debtors'
counsel.  The Debtors' financial advisors are Scouler & Company,
LLC.  In its petition, Hawaii Medical Center estimated $50 million
to $100 million in assets and $100 million to $500 million in
debts.  The petitions were signed by Kenneth J. Silva, member of
the board of directors.

Attorneys at Wagner Choi & Verbrugge, in Honolulu, Hawaii, and
Pachulski Stang Ziehl & Jones LLP, in Los Angeles, represent the
Official Committee of Unsecured Creditors as counsel.

The Debtors' prepetition debt structure is comprised of (i) the
Prepetition Revolving Loan with MidCap Financial, LLC, and the
Prepetition Term Loan with St. Francis Healthcare Systems of
Hawaii.  As of the petition Dte, the aggregate outstanding
principal on the Prepetion MidCap Revolving Loan and the
Prepetition St. Francis Term Loan is approximately $46,851,772.
The principal balance of the Prepetion MidCap Revolving Loan is
approximately $7,676,495.  The amount owed under the Prepetition

St. Francis Term Loan is approximately $39,175,277, secured by St.
Francis's first priority lien on, among other things, all real
property of the Debtors.

Through this Chapter 11 filing, the Debtors plan to return the
hospitals to the control of St. Francis.

In the prior case, HMC and its affiliated debtors were converted
to new, Hawaii non-profit corporations.  CHA Hawaii, one of HMC's
affiliated debtors and a subsidiary of Cardiovascular Hospitals of
America, LLC, discontinued management of the reorganized Debtors.

Wichita, Kansas-based CHA Hawaii LLC, and its affiliates --
including Hawaii Medical Center LLC -- filed for Chapter 11
protection on Aug. 29, 2008 (Bankr. D. Del. Case No. 08-12027).
Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP
represented the Debtors in their restructuring efforts.  CHA
Hawaii estimated assets of up to $10 million and debts between
$50 million and $100 million when it filed for bankruptcy.  The
Debtors obtained confirmation of their Chapter 11 plan in May 2010
and emerged from bankruptcy in August 2010.

The Debtor disclosed $74,713,475 in assets and $91,599,563 in
liabilities as of the Chapter 11 filing.


HAWAII MEDICAL: Amends Plan to Accommodate Committee's Objection
----------------------------------------------------------------
Hawaii Medical Center and its debtor affiliates filed with the
U.S. Bankruptcy Court for the District of Hawaii an amended plan
of reorganization and disclosure statement to accommodate the
objection raised by the Official Committee of Unsecured Creditors
appointed in the bankruptcy cases.

The Committee complained that, in stark contrast to the Debtors'
2008 bankruptcy cases, the Plan proposed in the current bankruptcy
cases offers nothing whatsoever to unsecured creditors.  The
Committee pointed out that the Debtors' other major secured
creditor, MidCap Financial LLC, their revolving lender, has
already been paid in full on account of its prepetition claim.
The only party that will benefit from the Plan is St. Francis
Healthcare Systems of Hawaii, but at the expense of the unsecured
creditors, Chuck C. Choi, Esq., at Wagner Choi & Verbrugge, in
Honolulu, Hawaii, argued for the Committee.

The Committee went on to complain that the Plan is subject to
technical objections that demonstrate the lack of good faith
toward third-party creditors like:

   (a) The artificial impairment of MidCap or the failure to
       identify the MidCap classes as Classes that were deemed to
       reject the Plan;

   (b) The failure to identify St. Francis as an insider;

   (c) The proposed use of one of the Debtor's cash to satisfy the
       claims of another Debtor without evidence that the transfer
       will not harm the creditors of the transferee;

   (d) Providing for the unnecessary and unjustified modification
       of the Debtor's ground leases to increase the rent to be
       paid to St. Francis affiliates out of the income generated
       by the Debtors' assets rather than devoting the cash to
       payment of unsecured claims and possibly in contravention
       of the Hawaii Non-profit Corporations Act; and

   (e) Restricting the use of the "contribution" to be made by St.
       Francis to security for the exit facility and working
       capital rather than allowing it to be used to pay unsecured
       creditors.

The Amended Plan, filed September 8, does not provide for any
distribution to holders of unsecured claims.  They are impaired
and are deemed to reject the Plan.

St. Francis' Secured Claim will be allowed as a secured claim in
the principal amount of #39,175,277, plus all applicable interest,
fees and costs of St. Francis pursuant to the credit documents.
On the Effective Date, the St. Francis Designees will receive fee
title to the transferred real properties; Hawaii Medical Center
East and Hawaii Medical Center West will issue new member equity
interests to St. Francis; and HMC will merge with and into SFHS.

The transferred real properties are all of the Debtors' fee
interest in real property, wherever located, including without
limitation, the Debtors' fee interest in the buildings located at
2230 Liliha Street, in Honolulu, Hawaii, and at 91-2141 Ft. Weaver
Road, in Ewa Beach, Hawaii.

A full-text copy of the Amended Disclosure Statement is available
for free at http://ResearchArchives.com/t/s?76ea

                  About Hawaii Medical Center

The Hawaii Medical Center, along with its affiliates, filed for
Chapter 11 bankruptcy (Bankr. D. Hawaii Lead Case No. 11-01746) on
June 21, 2011, just a year after exiting court protection.  Hawaii
Medical Center owns two hospital campuses -- HMC East in North
Honolulu and HMC West in Ewa Beach.  The two hospitals have 342
licensed beds and have a total of more than 1,000 employees.  The
hospitals were known as St. Francis Medical Center before Hawaii
Medical purchased the hospitals in 2007.

Judge Robert J. Faris presides over the 2011 case.  Lawyers at
Moseley Biehl Tsugawa Lau & Muzzi, in Honolulu, Hawaii, and
McDonald Hopkins LLC, in Cleveland, Ohio, serve as the Debtors'
counsel.  The Debtors' financial advisors are Scouler & Company,
LLC.  In its petition, Hawaii Medical Center estimated $50 million
to $100 million in assets and $100 million to $500 million in
debts.  The petitions were signed by Kenneth J. Silva, member of
the board of directors.

Attorneys at Wagner Choi & Verbrugge, in Honolulu, Hawaii, and
Pachulski Stang Ziehl & Jones LLP, in Los Angeles, represent the
Official Committee of Unsecured Creditors as counsel.

The Debtors' prepetition debt structure is comprised of (i) the
Prepetition Revolving Loan with MidCap Financial, LLC, and the
Prepetition Term Loan with St. Francis Healthcare Systems of
Hawaii.  As of the petition Dte, the aggregate outstanding
principal on the Prepetion MidCap Revolving Loan and the
Prepetition St. Francis Term Loan is approximately $46,851,772.
The principal balance of the Prepetion MidCap Revolving Loan is
approximately $7,676,495.  The amount owed under the Prepetition

St. Francis Term Loan is approximately $39,175,277, secured by St.
Francis's first priority lien on, among other things, all real
property of the Debtors.

Through this Chapter 11 filing, the Debtors plan to return the
hospitals to the control of St. Francis.

In the prior case, HMC and its affiliated debtors were converted
to new, Hawaii non-profit corporations.  CHA Hawaii, one of HMC's
affiliated debtors and a subsidiary of Cardiovascular Hospitals of
America, LLC, discontinued management of the reorganized Debtors.

Wichita, Kansas-based CHA Hawaii LLC, and its affiliates --
including Hawaii Medical Center LLC -- filed for Chapter 11
protection on Aug. 29, 2008 (Bankr. D. Del. Case No. 08-12027).
Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP
represented the Debtors in their restructuring efforts.  CHA
Hawaii estimated assets of up to $10 million and debts between
$50 million and $100 million when it filed for bankruptcy.  The
Debtors obtained confirmation of their Chapter 11 plan in May 2010
and emerged from bankruptcy in August 2010.

The Debtor disclosed $74,713,475 in assets and $91,599,563 in
liabilities as of the Chapter 11 filing.


HCA HOLDINGS: Conference Call Held to Discuss Operating Results
---------------------------------------------------------------
HCA Holdings, Inc., hosted a conference call on Sept. 12, 2011, to
discuss additional detail relating to HCA's operating results for
the second quarter and six months ended June 30, 2011.

HCA also announced it is confirming its guidance of 3 percent to 5
percent growth in adjusted EBITDA for full year 2011, assuming
that it substantially meets HITECH reimbursement parameters.

A webcast, along with certain supplemental information can be
accessed at
http://www.talkpoint.com/viewer/starthere.asp?Pres=136872or
through the Company's Investor Relations web page,
http://www.hcahealthcare.com/

                          About HCA Inc.

Headquartered in Nashville, Tennessee, HCA is the nation's largest
acute care hospital company with 162 hospitals and 104
freestanding surgery centers (including eight hospitals and eight
freestanding surgery centers that are accounted for using the
equity method) as of Sept. 30, 2010.  For the 12 months ended
Sept. 30, 2010, the company recognized revenue in excess of
$30 billion.

The Company's balance sheet at June 30, 2011, showed
$23.87 billion in total assets, $31.41 billion in total
liabilities, and a $7.53 billion stockholders' deficit.

                           *     *     *

In May 2011, Moody's Investors Service upgraded the Corporate
Family and Probability of Default Ratings of HCA Inc. (HCA) to B1
from B2.  "The upgrade of HCA's rating reflects the considerable
progress the company has made in improving financial metrics and
managing the company's maturity profile since the November 2006
LBO," said Dean Diaz, a Moody's Senior Credit Officer. "While the
funding of distributions to shareholders at the end of 2010
increased debt levels, the growth in EBITDA and debt repayment
since the LBO have improved leverage metrics considerably from the
high levels seen just after the company went private," continued
Diaz.

As reported by the Troubled Company Reporter on March 14, 2011,
Moody's Investors Service commented that the completion of the IPO
by HCA Holdings, Inc., has no immediate impact on the company's B2
Corporate Family Rating.  The outlook for the ratings remains
positive.  While Moody's believes that the completion of the IPO
is a credit positive since proceeds are expected to be used to
repay outstanding debt, the estimated $2.6 billion of proceeds to
the company won't meaningfully reduce HCA's $28.2 billion debt
load.

In the March 16, 2011, edition of the TCR, Fitch Ratings has
upgraded its ratings for HCA Inc. and HCA Holdings Inc., including
the companies' Issuer Default Ratings which were upgraded to 'B+'
from 'B'.  The Rating Outlook is revised to Stable from Positive.
The ratings apply to approximately $28.2 billion in debt
outstanding at Dec. 31, 2010.  Fitch noted that HCA has made
significant progress in reducing debt leverage since it was taken
private in 2006 in a LBO which added $17 billion to the company's
debt balance; at Dec. 31, 2006, immediately post the LBO, debt-to-
EBITDA was 6.7x.  Most of the reduction in debt leverage over the
past four years was accomplished through growth in EBITDA, which
Fitch calculates has expanded by $1.7 billion or 40% to $5.9
billion for 2010 versus $4.2 billion in 2006.  Although the
company did not undertake a significant organizational
restructuring post the LBO, management has nevertheless been
successful in growing EBITDA and significantly expanding
discretionary free cash flow (FCF).  Fitch believes this was
accomplished through various operational initiatives, including
expansion of profitable service lines and the divestiture of some
under performing hospitals, as well as the generally resilient
operating trend of the for-profit hospital industry during the
recent economic recession despite the pressure of increased levels
of uncompensated care and generally weak organic patient volume
trends.


HEARUSA INC: Plans to Propose Chapter 11 Plan of Liquidation
------------------------------------------------------------
Susan Salisbury at Palm Beach Post reports that Brian Gart, an
attorney with Berger Singerman in Fort Lauderdale, representing
HearUSA, has advised the court that the Debtor intends to propose
a plan of liquidation that allows the business to continue with
the aim of distributing the sale proceeds to creditors and
stockholders.

The report notes HearUSA has been sold to its biggest creditor.
Siemens Hearing Instruments Inc.'s subsidiary Audiology
Distribution LLC was the winning bidder.  In August, U.S.
Bankruptcy Court Judge Erik Kimball approved the $129.3 million
deal that includes $66.8 million in cash, plus assumptions and
payment of HearUSA's liabilities.  The sale closed Friday.

HearUSA will be changing its name to HUSA Liquidating Corp.

The bankruptcy court has set Thursday at 5 p.m. as the time by
which nongovernmental parties must file a proof of claim.  The
deadline for shareholders to file a proof of interest has been
extended through Sept. 29.

                       About HearUSA Inc.

HearUSA, Inc., which sells hearing aids in 10 states, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case No.
11-23341) on May 16, 2011, to sell the business for $80 million to
William Demant Holdings A/S.  The Debtor said that assets are
$65.6 million against debt of $64.7 million as of March 31, 2010.
HearUSA owes $31.3 million to Siemens Hearing Instruments Inc.,
the principal supplier and primary secured lender.

Judge Erik P. Kimball presides over the case.  Brian K. Gart,
Esq., Paul Steven Singerman, Esq., and Debi Evans Galler, Esq., at
Berger Singerman, P.A., represent the Debtor.  The Debtor has
tapped Bryan Cave LLP as special counsel; Sonenshine Partners LLC,
investment banker; Development Specialist Inc., restructuring
advisor ans Joseph J. Luzinski as chief restructuring officer; and
AlixPartners LLC, as communications consultant.  Trustee Services,
Inc., serves as claims and notice agent.

The Official Committee of Unsecured Creditors has been appointed
in the case.  Robert Paul Charbonneau, Esq., and Daniel L. Gold,
Esq., at Ehrenstein Charbonneau Calderin, represent the Creditors
Committee.

An Official Committee of Equity Security Holders has also been
appointed.   Mark D. Bloom, Esq., at Greenberg Traurig P.A., in
Miami, Fla., represents the Equity committee as counsel.

As reported in the TCR on Aug. 31, 2011, the U.S. Bankruptcy Court
for the Southern District of Florida approved on Aug. 17, 2011,
the sale of substantially all of the assets of the Company to
Audiology Distribution, LLC, a wholly owed subsidiary of Siemens
Hearing Instruments, Inc., who submitted the highest and best bid
for the assets in the July 29, 2011 Section 363 auction.

Pursuant to the terms of the Asset Purchase Agreement, the
purchaser has agreed to purchase the acquired assets for a
purchase price estimated at approximately $109 million.  The
purchase price is comprised of $66.8 million in cash plus certain
assumed liabilities (which includes repayment or assumption of the
$10 million debtor-in-possession (DIP) financing provided by the
stalking horse bidder, William Demant Holdings A/S), plus the
payment of cure costs for assumed contracts, and the assumption of
various liabilities of the company.


HELSON ENTERPRISES: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Helson Enterprises, LLC
        3639 Trailer Drive
        Charlotte, NC 28269

Bankruptcy Case No.: 11-32343

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: George R. Hodges

Debtor's Counsel: James H. Henderson, Esq.
                  JAMES H. HENDERSON, P.C.
                  1201 Harding Place
                  Charlotte, NC 28204-2248
                  Tel: (704) 333-3444
                  Fax: (704) 333-5003
                  E-mail: henderson@title11.com

Scheduled Assets: $800,000

Scheduled Debts: $1,588,055

A list of the Company's three largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ncwb11-32343.pdf

The petition was signed by Jay Helson, member.


HILLSIDE VALLEY: Court Denies Application to Employ Fin'l Agent
---------------------------------------------------------------
The U.S. bankruptcy Court for the Eastern District of Pennsylvania
has denied Hillside Valley, L.P.'s application to employ financial
agent Pursuant to 11 U.S.C. Sec. 327.

The Debtor's request to tap Regional Capital Group, which
presented the term sheet of Hudson Realty Capital, LLC, for DIP
financing, is rejected without prejudice.

Watchung, New Jersey-based Hillside Valley, L.P., has developed a
200 unit, 200,000 sq. ft., 10 building luxury apartment complex
located at 301-359 River Rd, Allentown, Pennsylvania.  The complex
is approximately 80% completed.  Approximately 13 apartments have
been rented.  One building is completed and four more are
substantially completed with the remaining five buildings in
various stages of completion.

The Company filed for Chapter 11 protection (Bankr. E.D. Penn.
Case No. 11-21689) on June 23, 2011.  Bankruptcy Judge Richard E.
Fehling presides over the case.  Douglas J. Smillie, Esq., at
Fitzpatrick Lentz & Bubba, P.C., represents the Debtor as counsel.
The Debtor estimated assets and debts at $10 million to $50
million.

A state-court appointed receiver has been maintained in place to
collect rents, and otherwise fulfill the obligations of the
receiver pursuant to the state court order appointing said
receiver, as modified by Stipulation and Order entered in the
Bankruptcy Court.


HOVNANIAN ENTERPRISES: Fitch Affirms 'CCC' Issuer Default Rating
----------------------------------------------------------------
Fitch Ratings has affirmed the ratings for Hovnanian Enterprises,
Inc., including the company's Issuer Default Rating (IDR), at
'CCC'.

The rating for HOV is influenced by the company's execution of its
business model, land policies and geographic, price point and
product line diversity. T he rating additionally reflects the
company's liquidity position, substantial debt and high leverage.
The rating also incorporates the still challenging housing
environment.  With the recent softening in the economy and lowered
economic growth expectations for 2011 and 2012, the environment
may at best support a relatively modest recovery in housing
metrics over the next year and a half.

The company ended the July 2011 quarter with $273.4 million of
unrestricted cash on the balance sheet and no major debt
maturities until calendar 2014, when $83.6 million of senior notes
become due.  (Subsequent to the end of the July 2011 quarter, HOV
repurchased $18.4 million of its senior unsecured notes for
approximately $10.7 million.) While the company currently has an
adequate liquidity position, Fitch is somewhat concerned that the
company is willing to lower its unrestricted cash levels to
between $110 million and $185 million to take advantage of land
acquisition opportunities.  Given that the company terminated its
revolving credit facility during the fourth quarter of 2009, Fitch
is concerned that this level of cash does not provide a large
enough liquidity cushion in the event that the current low levels
of housing activity persist longer than anticipated or gravitate
lower.  The absence of a bank credit facility also means a lack of
bank oversight, which is a useful check on management's appetite
for risk.

HOV spent roughly $305 million on land and development
expenditures during the first nine months of fiscal 2011.  This
compares to $287.9 million of new land purchases during fiscal
2010.  For the 12 month period ending July 31, 2011, the company
had $238.7 million of negative cash flow from operations.  For all
of fiscal 2011, Fitch expects HOV to be cash flow negative as the
company continues to build its land position (through land
purchases and development spending).

At July 31, 2011, the company controlled 32,185 lots (including
unconsolidated joint ventures), of which 59.2% were owned and the
remaining lots controlled through options and joint venture
partnerships.  Based on the latest 12 month (LTM) closings, HOV
controlled 8 years of land and owned roughly 4.8 years of land.

As expected, the housing recovery has been irregular so far and to
date quite anemic.  Various housing and related statistics appear
to have bottomed in early to mid-2009.  Since then the on, then
off, then on again federal housing credit at times spurred or at
least pulled forward housing demand.  With the U.S. economy moving
from recession to expansion in the third quarter of 2009, plus
very attractive housing affordability and government incentives,
housing was jump-started.  However, faltering consumer confidence,
among other issues, has restrained the recovery so far.
The public homebuilders were generally unprofitable in the
calendar first quarter (excluding non-cash real estate charges)
and revenues trailed a year ago levels.  That was also the case in
the calendar second quarter.  Builder comparisons ease in the
third and fourth quarters.  If the economy continues to modestly
advance and employment edges up, macroeconomic housing metrics
should, for the most part, remain at current levels through the
end of this calendar year.

Fitch currently projects new single-family housing starts will
drop 13.1% in 2011 following 5.8% growth in 2010.  After falling
14.1% in 2010, new home sales are forecast to decrease about 7% in
2011.  Fitch expects existing home sales to slip 2% in 2011 after
a 4.8% decline in 2010.  In a moderately growing economy in 2012,
housing metrics could modestly expand, off a very depressed base.

Future ratings and Outlooks will be influenced by broad housing
market trends as well as company specific activity, such as trends
in land and development spending, general inventory levels,
speculative inventory activity (including the impact of high
cancellation rates on such activity), gross and net new order
activity, debt levels and especially free cash flow trends and
uses, and the company's cash position.  Negative rating actions
could occur if the anticipated recovery in housing does not
materialize and the company prematurely steps up its land
/development spending, leading to consistent and significant
negative quarterly cash flow from operations.  HOV's rating is
constrained in the intermediate term due to weak credit metrics
and high leverage.

Fitch has affirmed the following ratings for HOV:

-- IDR at 'CCC';
-- Senior secured notes at 'B-/RR3';
-- Senior unsecured notes at 'C/RR6';
-- Series A perpetual preferred stock at 'C/RR6'.

Fitch's Recovery Rating (RR) of 'RR3' on HOV's senior secured
notes indicates good recovery prospects for holders of these debt
issues.  The 'RR6' on HOV's senior secured (third lien), senior
unsecured notes, senior subordinated notes and preferred stock
indicates poor recovery prospects in a default scenario.  HOV's
exposure to claims made pursuant to performance bonds and the
possibility that part of these contingent liabilities would have a
claim against the company's assets were considered in determining
the recovery for the unsecured debt holders.  Fitch applied a
liquidation value analysis for these RRs.


HUNTSMAN CORP: S&P Raises Corporate Credit Rating to 'BB-'
----------------------------------------------------------
Standard & Poor's Ratings Services upgraded Salt Lake City, Utah-
based Huntsman Corp. and Huntsman International LLC to 'BB-' from
'B+'. The outlook is positive.

"The upgrades reflect improvement in the company's operating
performance and debt measures, as well as our expectation that
Huntsman will be able to at least maintain its improved credit
metrics in the future," said Standard & Poor's credit analyst Paul
Kurias. "The positive outlook reflects our expectation that the
company will maintain at least stable earnings over the next 12
months, with some potential for higher earnings if demand
continues to improve and pricing remains favorable."

Huntsman Corp. is a holding company with diverse chemical
operations that generated annual sales greater than $10 billion in
2010. The positive albeit modest growth in the economy and
Huntsman's diverse geographic presence, with about two-thirds of
revenue generated outside North America and about 25% of revenues
generated from Asia, has boosted volumes throughout recent
quarters.

At the same time, Standard & Poor's raised its issue-level rating
on subsidiary Huntsman International LLC's existing senior secured
debt to 'BB' from 'BB-'. Standard & Poor's raised its issue
ratings on the company's senior unsecured debt to 'B+' from 'B'.
And Standard & Poor's raised its issue ratings on the company's
senior subordinated notes to 'B' from 'B-'.

"We believe that Huntsman will continue to benefit from gradual
demand improvement and from its diversified global presence,
particularly in fast-growing regions such as Asia," Mr. Kurias
said. "However, we note that although we expect the company's
earnings in 2011 to improve year-over-year, the current economic
uncertainty could dampen prospects for immediate future
improvement."

Standard & Poor's characterizes Huntsman's financial profile as
aggressive and its business profile as satisfactory.


HYMAN FAMILY: Yossing Dangor Acquires Assets for $775,000
---------------------------------------------------------
Deborah Belgum at California Apparel News reports that Susie's
Deals has been sold to another Los Angeles retailer for $775,000.

According to the report, Yossi Dangor, whose Top Top Clothing Inc.
and PrimeTime Clothing Inc. companies operate 27 apparel stores
and wholesale outlets in California and Texas, said he will take
over the leases for 48 Susie's Deals stores and operate them under
their original nameplate.

Mr. Dangor was the back-up bidder on the bankruptcy sale.  His bid
was accepted Sept. 9 after Mixxed26 LLC, another Los Angeles
company, bid $925,000 for the company but was unable to come up
with the necessary cash in time.

                      About Hyman Family L.P.

Susie's Deals, based in Ontario, California, is a chain of more
than 70 stores founded in 1974 by Susan Hyman and her three
brothers-Stephen, Howard and David.

Hyman Family L.P., doing business as Susie's Deals, filed a
Chapter 11 petition (Bankr. C.D. Calif. Case No. 11-20827) on
April 1, 2011.  David B. Golubchik, Esq., and Krikor J.
Meshefejian, Esq., at Levene Neale Bender Rankin & Brill LLP, in
Los Angeles, represent the Debtor in the Chapter 11 case.  The
Debtor estimated $1 million to $10 million in assets and debts as
of the Chapter 11 filing.


IMPERIAL RESOURCES: Posts $83,300 Net Loss in June 30 Quarter
-------------------------------------------------------------
Imperial Resources, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $83,355 on $27,482 of oil and gas revenue
for the three months ended June 30, 2011, compared with a net loss
of $3,797 on $21,189 of oil and gas revenue for the corresponding
period last year.

The Company's balance sheet at June 30, 2011, showed $1.3 million
in total assets, $633,705 in total liabilities, and stockholders'
equity of $631,277.

Madsen & Associates, CPA's Inc., in Salt Lake City, expressed
substantial doubt about Imperial Resources' ability to continue as
a going concern, following the Company's results for the fiscal
yer ended March 31,2011.  The independent auditors noted that the
Company will need additional working capital to service its debt
and for its planned activity.

A copy of the Form 10-Q is available at http://is.gd/B29Ws0

Austin, Tex.-based Imperial Resources, Inc., was incorporated
under the laws of the State of Nevada on Aug. 2, 2007.

The Company was organized for the purpose of acquiring and
exploring a gold mine property and later abandoned it.  The
Company has decided to focus its core activities on development
and exploration of oil and gas assets in the United States through
its wholly owned subsidiary Imperial Oil & Gas, Inc., which was
incorporated under the laws of the State of Delaware on
Jan. 8, 2010.

Big Dig Operating, Inc., was formed June 13, 2011, for the purpose
of operating a salt water disposal facility, and is a wholly owned
subsidiary of Imperial Oil & Gas, Inc.  In addition, Green Tide
Water Disposal, Ltd., was formed on June 15, 2011, as a limited
partnership with Imperial owning a 99% limited partnership
interest, and Big Dig owning a 1% general partnership interest.

The Company is engaged in the exploration and development of oil
and natural gas properties.  The Company acquires the oil and gas
interests in various manners, from purchasing them or via a farm-
in.  The Company acquires fee simple determinable interests in the
oil and gas properties in either acquisition scenario.  In
addition, the Company has purchased a saltwater disposal facility.


INNER CITY: Reaches Deal With Lenders on Chapter 11 Plan
--------------------------------------------------------
Reuters reports that Inner City Media Corp, the holding company
for the owner of New York City's WLIB and WBLS radio stations,
said it has reached an agreement with its senior lenders to file a
Chapter 11 plan of reorganization by mid-October.

According to the report, the radio broadcasting company that
caters to African-Americans and is founded by civil rights leader
Percy Sutton, expects to emerge from bankruptcy protection by the
end of 2011, it said in a statement.

The report says, in August, in a filing with the U.S. Bankruptcy
Court in Manhattan, billionaire Ron Burkle's Yucaipa Corporate
Initiatives Fund II LP, Drawbridge Special Opportunities Fund Ltd.
and Fortress Credit Funding I LP said they were owed $254 million
by Inner City.

The move came after the company pulled out of a deal to
restructure its debt.

                         About Inner City

As reported by the Troubled Company Reporter on Aug. 23, 2011,
affiliates of Yucaipa and CF ICBC LLC, Fortress Credit Funding I
L.P., and Drawbridge Special Opportunities Fund Ltd., signed
involuntary Chapter 11 petitions for Inner City and its affiliates
(Bankr. S.D.N.Y. Case Nos. 11-13967 to 11-13979) to collect on a
$254 million debt.

The Petitioning Creditors are party to the senior secured credit
facility pursuant to which they (or their predecessors in
interest) extended $197 million in loans to the Alleged Debtors to
be used for general corporate purposes.  More than two years ago,
the Alleged Debtors defaulted under the Senior Secured Credit
Facility, and in any event the entire amount of principal and
accrued and unpaid interest and fees became immediately due and
payable on February 13, 2010.  As a result, the Senior Lenders are
owed approximately $250 million in principal and accrued and
unpaid interest and fees as of the Involuntary Chapter 11 Petition
Date.

Inner City Media Corporation's affiliates subject to the
involuntary Chapter 11 are ICBC Broadcast Holdings, Inc., Inner-
City Broadcasting Corporation of Berkeley, ICBC Broadcast
Holdings-CA, Inc., ICBC-NY, L.L.C., ICBC Broadcast Holdings-NY,
Inc., Urban Radio, L.L.C., Urban Radio I, L.L.C., Urban Radio II,
L.L.C., Urban Radio III, L.L.C., Urban Radio IV, L.L.C., Urban
Radio of Mississippi, L.L.C., and Urban Radio of South Carolina,
L.L.C.


J&M MUSA: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------
Debtor: J&M Musa Properties, Inc.
        1915 East West Parkway, Suite 2
        Fleming Island, FL 32003

Bankruptcy Case No.: 11-06634

Chapter 11 Petition Date: September 7, 2011

Court: U.S. Bankruptcy Court
       Middle District of Florida (Jacksonville)

Judge: Paul M. Glenn

Debtor's Counsel: Bryan K. Mickler, Esq.
                  LAW OFFICES OF MICKLER & MICKLER
                  5452 Arlington Expressway
                  Jacksonville, FL 32211
                  Tel: (904) 725-0822
                  Fax: (904) 725-0855
                  E-mail: court@planlaw.com

Scheduled Assets: $1,161,284

Scheduled Debts: $2,198,515

A list of the Company's four largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/flmb11-06634.pdf

The petition was signed by Dr. Joseph Musa, director.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Mary Ann Musa                         10-06944            08/10/10


J-N CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: J-N Construction, Inc.
        P.O. Box 830530
        Richardson, TX 75083

Bankruptcy Case No.: 11-42824

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Brenda T. Rhoades

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

Scheduled Assets: $173,700

Scheduled Debts: $1,710,362

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/txeb11-42824.pdf

The petition was signed by Paul Kniffen, president.


INNOVATIVE CONSTRUCTION: Voluntary Chapter 11 Case Summary
----------------------------------------------------------
Debtor: Innovative Construction, Inc.
        1465 Samson Street
        New Castle, PA 16101
        Tel: (724) 510-5284

Bankruptcy Case No.: 11-25757

Chapter 11 Petition Date: September 12, 2011

Court: U.S. Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: Malcolm L. Pollard, Esq.
                  4845 West Lake Road, Suite 119
                  Erie, PA 16505
                  Tel: (814) 838-8258
                  Fax: (814) 838-8452
                  E-mail: mactk4@gte.net

Scheduled Assets: $2,500,000

Scheduled Debts: $1,278,000

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

The petition was signed by Andrew Menechino, president.


JACKSON RENTAL: Case Summary & 6 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Jackson Rental Properties, Inc.
        140 S. Bayou Rd.
        P.O. Box 90
        Boyle, MS 38730

Bankruptcy Case No.: 11-14080

Chapter 11 Petition Date: September 7, 2011

Court: United States Bankruptcy Court
       Northern District of Mississippi (Aberdeen)

Debtor's Counsel: Glenn H. Williams, Esq.
                  201 North Pearman Avenue
                  Cleveland, MS 38732
                  Tel: (662) 843-3797
                  E-mail: gwmslaw@cableone.net

Scheduled Assets: $2,957,800

Scheduled Debts: $2,115,862

A list of the Company's six largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/msnb11-14080.pdf

The petition was signed by Willie James Jackson, president.


JCK HOTELS: Committee Proposes Medina Law Group as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors of JCK Hotels, LLC,
formerly known as Mira Mesa Hotels, LLC, asks the U.S. Bankruptcy
Court for the Southern District of California for permission to
retain Medina Law Group as counsel.

MDG will:

a. advise the Committee regarding matters of bankruptcy law;

b. represent the Committee in proceedings or hearings in the
   Bankruptcy Court in connection with this case;

c. prepare and respond on behalf of the Committee to any
   applications, motions, orders, responses and other pleadings in
   connection with this case; and

D. perform any other legal services requested by the Committee in
   connection with this case, including analysis and advice
   regarding pre-petition transfers by the Debtor, and other
   claims and causes of action.

MLG's professionals will be compensated at these hourly rates:

        Edward Medina, Esq.       $395
        Associates                $275
        Legal Assistants        $110-$175

To the best of the Committee's knowledge, neither MLG nor any of
the attorneys comprising or employed by it have any connection
with the Debtor, the creditors, or any other party-in-interest,
their respective attorneys and accountants, or the United States
Trustee or any employee of the office of the United States
Trustee.  MLG disclosed though that it briefly represented one of
the Committee members, Hospitality Plus, Inc., in attempting to
collect a debt against the Debtor.  But MLG no longer represents
Hospitality Plus.

                       About JCK Hotels, LLC

JCK Hotels, LLC, fka Mira Mesa Hotels, LLC, operates the Holiday
Inn Express Mira Mesa Hotel and the Comfort Suites Mira Mesa Hotel
in San Diego, California.  The Hotels are operated under licensing
and franchise agreements with Holiday Inn Express and Comfort
Suites.

JCK Hotels filed for Chapter 11 bankruptcy (Bankr. S.D. Calif.
Case No. 11-09428) on June 3, 2011.  Judge Louise DeCarl Adler
presides over the case.  William M. Rathbone, Esq., and Daniel C.
Silva, Esq., at Gordon & Rees LLP, in San Diego, Calif., serve as
bankruptcy counsel.  While no formal appraisal has been done
recently, the Debtor believes the fair market value of both Hotels
exceeds $18 million.  The petition was signed by Charles Jung,
managing member.


JOSEPH LOOMIS: Amends Settlement Agreement with SupportSave
-----------------------------------------------------------
SupportSave Solutions, Inc., on Sept. 9, 2011, entered in to an
Amendment to the Settlement Agreement it entered into on Feb. 28,
2011, with Joseph Charles Loomis.  Under the Agreement, the Debtor
was paid $200,000 and permitted 180 days to sell his shares of
stock for a price of not less than $0.35 per share for a total
payout of $500,000.  Any shares not sold would then be purchased
by SSVE.  At the end of the 180 days, however, the Debtor was
unable to sell his shares and SSVE was unable to pay him the
remaining $300,000 for his shares.

Under the Amendment, the Debtor agreed to forbear his right to
submit the remaining $300,000 judgment to the Bankruptcy Court.
In addition, commencing as of April 1, 2011, SSVE agrees to make
forbearance payments to Debtor on a monthly basis in the amount of
8% of the sum of $300,000 or $2,000 per month with each
forbearance payment due and payable on the first business day of
each month.  Under this Amendment and within 48 hours of approval
of this Amendment by the Bankruptcy Court, SSVE will pay the
Debtor the past due forbearance payments (for the months of April,
May, June, July and August) in the total amount of $10,000.

The remaining principal balance in the amount of $300,000 is due
and payable to the Debtor on or before April 1, 2012.

The Debtor, on Jan. 7, 2011, commenced an adversary proceeding in
the United States Bankruptcy Court in and for the District of
Arizona entitled Loomis v. SupportSave Solutions, Inc., Case No.
2:11-ap-00051-RJH.  The complaint in the action alleges that on
Jan. 26, 2010, after the commencement of his bankruptcy case, the
Debtor made a payment of $500,000 to SSVE without prior approval
of the Bankruptcy Court and that the entire payment is subject to
being ordered immediately returned to the bankruptcy estate.  The
payment was made pursuant to a written Stock Subscription
Agreement executed by and between Loomis and SSVE on or about

Jan. 1, 2010, whereby the Debtor agreed to purchase 833,333 shares
of common stock in Defendant.

On or about Feb. 10, 2011, the Parties entered into a Settlement
Agreement.  Pursuant to the terms of the Settlement Agreement,
SSVE agreed to, among other things, pay the Debtor the sum of
$200,000 immediately upon entry of an order of the Bankruptcy
Court approving the Settlement Agreement.

A copy of the Amendment to Settlement Agreement is available for
free at http://is.gd/hpdWte

Chandler, Arizona-based Joseph Charles Loomis filed for Chapter 11
bankruptcy protection (Bankr. D. Ariz. Case No. 10-01885) on Jan.
26, 2010.  Gerald K. Smith, Esq., at Gerald K. Smith and John
C. Smith Law OFC, assists the Debtor in its restructuring effort.
The Debtor disclosed $10,283,589 in assets and $5,349,932 in debts
as of the Petition.


KAIROS HEALTHCARE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Kairos Healthcare, Inc.
        6379 Dixie Hwy.
        Bridgeport, MI 48722

Bankruptcy Case No.: 11-22967

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       Eastern District of Michigan (Bay City)

Judge: Daniel S. Opperman

Debtor's Counsel: Adam Daniel Bruski, Esq.
                  Susan M. Cook, Esq.
                  LAMBERT, LESER, ISACKSON, COOK & GIUNTA, P.C.
                  309 Davidson Building, P.O. Box 835
                  916 Washington Avenue
                  Bay City, MI 48708
                  Tel: (989) 893-3518
                  E-mail: adbruski@lambertleser.com
                          smcook@lambertleser.com

Scheduled Assets: $400,000

Scheduled Debts: $3,800,000

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/mieb11-22967.pdf

The petition was signed by Frederick E. Wigen, Jr., president.


KERENSA INVESTMENT: Case Summary & 5 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Kerensa Investment Fund, LLC
        4801 Woodway Drive, Suite 300E
        Houston, TX 77056

Bankruptcy Case No.: 11-24352

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Mike K. Nakagawa

Debtor's Counsel: Matthew L. Johnson, Esq.
                  MATTHEW L. JOHNSON & ASSOCIATES, P.C.
                  8831 W. Sahara Avenue
                  Las Vegas, NV 89117
                  Tel: (702) 471-0065
                  Fax: (702) 471-0075
                  E-mail: shari@mjohnsonlaw.com

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

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

A list of the Company's five largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/nvb11-24352.pdf

The petition was signed by Bruce N. Rosenthal, managing member.


KINGWOOD PROFESSIONAL: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Kingwood Professional Healthcare Center, L.P.
          fka Kingwood Professional Medical Center, L.P.
        500 Spring Hill Drive, Suite 240
        Spring, TX 77286

Bankruptcy Case No.: 11-37834

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Letitia Z. Paul

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: (713) 659-1333
                  Fax: (713) 658-0334
                  E-mail: margaret@mmmcclurelaw.com

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

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

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

The petition was signed by David Antoniono, managing member of
general partner, KPHC Management, LC.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
DMA Kingwood Executire, L.P.          10-37946            09/07/10
DMA 2920 Investments, LC              10-39928            11/01/10
DMA Spring Hill Executive, L.P.       10-39933            11/01/10
DMA Magnolia Crossing, L.P.           10-32788            04/01/11
DMA Rayford Ridge Retail Center, L.P. 10-33759            05/01/11
MC Investment, LC                     10-37826            09/09/11


LANDMARK MEDICAL: Steward's Bid to Buy Landmark Still in the Works
------------------------------------------------------------------
Felice J. Freyer at projo.com reports that Steward Healthcare
Systems LLC, the Massachusetts hospital chain that wants to buy
Landmark Medical Center, has yet to file the necessary application
for state regulatory approval of the sale.

Three months after a Superior Court judge allowed the deal to move
forward, the application is still in the works, but spokesmen for
both Landmark and Steward said that the commitment to the merger
remains strong, according to projo.com.

Meanwhile, projo.com says, Landmark is very low on money.  As of
Sept. 3, the hospital had $1.5 million in cash on hand -- after
Steward loaned it $1 million four weeks ago.

Projo.com notes that Landmark spokesman Bill Fischer said that
loan is further evidence of Steward's commitment to Landmark.

"The commitment from both parties is to come together and conclude
this transaction, and that's what we're all working toward,"
projo.com quotes Steward spokesman Christopher Murphy as saying.

Mr. Fischer said that the application would be filed "in the
coming weeks, if not sooner," projo.com reports.

As reported in the Troubled Company Reporter on June 8, 2011,
Boston.com said that a judge in Rhode Island ruled that Boston's
Steward Health Care Systems LLC could move forward with
negotiating a takeover of financially troubled Landmark Medical
Center in Woonsocket, which has been in court-appointed
receivership for the past three years.

Landmark had begun talking about a sale to Steward Health Care's
predecessor, Caritas Christi Health Care, in 2009 but talks broke
off without an agreement last December, according to the report.
The report relates that the parties recently resumed negotiations
and were working to finalize the terms of a buyout agreement.

Landmark has been under court supervision, a kind of receivership,
since it came to the brink of bankruptcy in 2008.  It has been
also seeking for a buyer for two and a half years.

Landmark Medical Center is a 214-bed hospital based in Woonsocket,
Rhode Island.  It has between 1,200 and 1,300 full- and part-time
employees.


LAURAGINA PROFESSIONAL: Case Summary & Creditors List
-----------------------------------------------------
Debtor: Lauragina Professional Transport, LLC
        6815 Forest Park Drive, Suite 121
        Savannah, GA 31406

Bankruptcy Case No.: 11-41894

Chapter 11 Petition Date: September 12, 2011

Court: U.S. Bankruptcy Court
       Southern District of Georgia (Savannah)

Debtor's Counsel: Richard C. E. Jennings, Esq.
                  LAW OFFICES OF SKIP JENNINGS, PC
                  115 W. Oglethorpe Avenue
                  Savannah, GA 31401
                  Tel: (912) 234-6872
                  Fax: (912) 236-7549
                  E-mail: skipjenningspc@comcast.net

Scheduled Assets: $26,500

Scheduled Debts: $491,447

A list of the Company's 12 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/gasb11-41894.pdf

The petition was signed by Joseph L. Porter, Sr., managing member.


LEE ENTERPRISES: Lenders Extend Loan Maturities to 2015 and 2017
----------------------------------------------------------------
Lee Enterprises, Incorporated, has reached agreement with a
significant majority of the holders of its revolving credit and
term loan facilities to provide for extension of maturities to
2015 and 2017.

"This is excellent news for Lee stockholders and employees," said
Mary Junck, Lee chairman and chief executive officer.  "It will
allow us to refinance our bank debt on good terms and keep Lee on
solid financial footing as we continue to expand our digital
platforms, build audiences, drive revenue performance and improve
our balance sheet."

Lee's current credit facility will be amended and extended beyond
its current maturity of April 2012 in a structure of first and
second lien debt.  The first lien consists of a term loan of
$689.5 million, along with a $40 million revolving credit facility
that is not expected to be drawn at closing.  The second lien
consists of a $175 million term loan.

Among provisions of the arrangements:

     * The first lien term loan of $689.5 million carries interest
       at LIBOR plus 6.25 percent with a LIBOR floor of 1.25
       percent.  The maturity is December 2015.  Interest on the
       $40 million revolver is LIBOR plus 5.0 percent with a LIBOR
       floor of 1.25 percent.  Quarterly amortization payments for
       the term loan total $10 million annually in the first year,
       beginning June 2012, increasing to $12 million in the
       second year and to $13.5 million thereafter.  A quarterly
       cash flow sweep will also be used to reduce debt.
       Covenants include a minimum interest coverage ratio,
       maximum total leverage ratio and capital expenditure
       limitation.

     * The second lien term loan of $175 million carries an
       interest rate of 15 percent and matures in April 2017.  It
       requires no amortization and has no affirmative financial
       covenants.  Creditors will share in the issuance of
       approximately 6,744,000 shares of Lee Common Stock, an
       amount equal to 13 percent of outstanding shares on a pro
       forma basis as of the closing date.

     * As a condition to the agreement, Lee will be required to
       refinance the remainder of its debt, the Pulitzer Notes,
       with a separate $175 million loan still to be arranged.
       The current obligation matures in April 2012.

Carl Schmidt, Lee vice president, chief financial officer and
treasurer, said the method for implementing the agreement is
expected to be determined within the next few weeks.  "Getting the
support of more than 90 percent of our creditors is a significant
milestone and allows us to turn our attention to refinancing the
Pulitzer Notes.  Assuming successful completion of that financing,
we expect to implement the transactions out of court if we can get
lender support up to 95 percent.  Otherwise we will seek to
implement the transactions through a favorable prepackaged Chapter
11 filing.  Such a filing, if necessary, would be expected to have
no adverse impact on company operations, employees, vendors,
advertisers or subscribers.  Subject to dilution resulting from
the issuance of the new shares, current stockholders' interests in
the equity of the company would be preserved."

The Blackstone Group is serving as Lee's financial adviser for the
transactions.

In a letter to stockholders and employees, Junck said "The
refinancing will remove a cloud that has obscured Lee's formidable
strengths in our markets, how far we have advanced against the
challenge of the national economy, and how successfully we are
seizing emerging opportunities in the changing media landscape..."

"In brief, we believe the refinancing agreement, together with our
many strengths and accomplishments, helps reinforce a solid
foundation for Lee's future."

                      About Lee Enterprises

Lee Enterprises, Inc., headquartered in Davenport, Iowa, publishes
the St. Louis Post Dispatch and the Arizona Daily Star along with
more than 40 other daily newspapers and about 300 weeklies.
Revenue for the 12 months ended December 2010 was approximately
$780 million.

The Company's balance sheet at June 26, 2011, showed $1.18 billion
in total assets, $1.26 billion in total liabilities, and a
$75.71 million total deficit.

                           *     *     *

As reported by the Troubled Company Reporter on May 16, 2011,
Standard & Poor's lowered its preliminary corporate credit rating
on Lee to 'B-' from 'B'.  The rating outlook is negative. "The
downgrade is based on the company's significant near-term
maturities and our belief that alternative refinancing options
will likely be costly," said Standard & Poor's credit analyst Hal
F. Diamond.  "We withdrew our 'B' preliminary issue rating on Lee
Enterprises' proposed $680 million first-lien senior secured notes
due 2017 with a preliminary recovery rating of '3' (also
withdrawn), indicating our expectation of meaningful (50%-70%)
recovery for lenders in the event of a payment default," S&P
related.

As reported by the TCR on May 6, 2011, Moody's withdrew its
ratings on Lee after the publisher cancelled a planned refinancing
that would have included the upsizing of its first lien senior
secured notes due 2017 to $680 million from $675 million, and
shifting of the coupon on the $375 million senior secured notes
due 2018 to a cash/PIK combination from all cash.  Moody's had
previously assigned Caa1 Corporate Family Rating on Lee.


LOFTS ON THE PARK: Case Summary & 17 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Lofts on the Park USA, Inc.
        1660 NE 135th Street, Suite #7
        Miami, FL 33181

Bankruptcy Case No.: 11-35253

Chapter 11 Petition Date: September 12, 2011

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

Judge: Laurel M. Isicoff

Debtor's Counsel: Jeffrey P. Bast, Esq.
                  BAST AMRON LLP
                  1 SE 3 Avenue, #1440
                  Miami, FL 33131
                  Tel: (305) 379-7904
                  Fax: (305) 379-7905
                  E-mail: jbast@bastamron.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 17 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/flsb11-35253.pdf

The petition was signed by Serge Otmezguine, president.


LRJC, INC.: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: LRJC, Inc.
          dba Land Rover Jaguar Cerritos
              Jaguar Land Rover Cerritos
              Jaguar Cerritos
              Land Rover Cerritos
        5425 E. La Palma Avenue
        Anaheim, CA 92807

Bankruptcy Case No.: 11-22695

Chapter 11 Petition Date:

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

Judge: Robert N. Kwan

Debtor's Counsel: Martin J. Brill, Esq.
                  LEVENE, NEALE, BENDER, RANKIN & BRILL LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  E-mail: mjb@lnbrb.com

                         - and -

                  Todd M. Arnold, Esq.
                  LEVENE, NEALE, BENDER, RANKIN & BRILL LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  E-mail: tma@lnbrb.com

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

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

The petition was signed by Ernest W. Townsend, IV, president.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Land Rover North America - Parts   --                      $90,037
P.O. Box 674266
Detroit, MI 48267

Unipart North America(Jaguar Parts)--                      $89,299
P.O. Box 651570
Charlotte, NC 28265

Sentry Insurance Company           --                      $26,839
Box 88315
Milwaukee, WI 53288

Enterprise Rent A Car (Cerr)       --                      $26,450

City of Cerritos                   --                      $22,167

Cerritos Center for the Performing --                      $14,700
Arts

Cerritos Auto Square               --                      $12,313

Southern California Edison         --                       $7,069

Autotrader.com LLC                 --                       $6,450

Christopher Stark                  --                       $5,376

Robert Giannini                    --                       $4,455

Aramark Uniform Services           --                       $4,315

Eric Moreno                        --                       $4,297

On-Line Administrators Inc.        --                       $4,120

Kenneth Benson                     --                       $4,000

BP Lubricants USA Inc.             --                       $3,911

Fernando Glickman                  --                       $3,800

Trinity Financial Services         --                       $3,700

Justin Ellis                       --                       $3,551

Vartan Asatryan                    --                       $3,182


MACCO PROPERTIES: Court Denies Owner's Motion to Dismiss
--------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Oklahoma has
denied the motion of Jennifer Price, sole shareholder of Debtor
Macco Properties, Inc., for the dismissal of the Debtor's
Chapter 11 case.  The Court also denied Jennifer Price's emergency
motion for preliminary injunction against Defendant, Michael E.
Deeba, as Chapter 11 Trustee of the Debtor's Estate.

In her Motion for Dismissal, Jennifer Price alleged that: (1)
Trustee has exceeded his authority in that there was an agreement
for the appointment of Trustee solely for the purpose of
identifying the nature and amounts owed unsecured creditors and
Price and her husband Lew S. McGinnis did not contemplate that
Trustee would take control of Debtor's management, real estate
properties, accounts, and pending litigation; (2) there was no
lawful basis of cause for the appointment of a Chapter 11 trustee;
and (3) Trustee has grossly mismanaged the affairs and assets of
the Debtor.

The Chapter 11 trustee, the Office of the United States Trustee,
the Official Unsecured Creditors Committee, and secured creditors,
FAA Credit Union, All America Bank, Quail Creek Bank, and Sooner
State Bank, all filed objections to the Motion for Dismissal.

On July 6, 2011, Price commenced an Adversary Proceeding by the
filing of a Complaint containing two counts.  The First
Count sought an injunction against Trustee pursuant to Fed. R.
Civ. P. 65, made applicable by Fed. R. Bankr. P. 7065, to enjoin
Trustee from continuing to manage Debtor's business and to
reinstate Price McGinnis as managers of Debtor. Count II alleges
that Trustee has breached his fiduciary duty to Price by failing
to properly manage the day to day operations of Macco.  For the
breach of fiduciary duty, Price asked the Court to "force Michael
Deeba to resign as Chapter 11 Trustee, and to reinstate Price and
McGinnis as managers of Macco."

Contemporaneously with the filing of her Complaint, Price filed
her Motion for Preliminary Injunction.

Trustee, the Office of the United States Trustee, and the Official
Unsecured Creditors' Committee all filed objections to the Motion
for Preliminary Injunction.

A copy of the Court's Order is available at http://is.gd/iQ3j2s

                      About Macco Properties

Oklahoma City, Oklahoma-based Macco Properties, Inc., is a
property management company that is the sole or controlling member
and/or manager of numerous multi-family residential rental units
in Oklahoma City, Oklahoma, Wichita, Kansas, and Dallas, Texas,
and several and commercial business properties in Oklahoma City,
Oklahoma, and Holbrook, Arizona.  The Company filed for Chapter 11
bankruptcy protection (Bankr. W.D. Okla. Case No. 10-16682) on
Nov. 2, 2010.  G. Rudy Hiersche, Jr., Esq., at the Hiersche Law
Firm, serves as the Debtor's bankruptcy counsel.  The Debtor
disclosed $50,823,581 in total assets, and $4,323,034 in total
liabilities.

The Official Unsecured Creditors' Committee is represented by
Ruston C. Welch, at Welch Law Firm, P.C., in Oklahoma City,
Oklahoma.


MARCO BUILDING: Case Summary & 5 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Marco Building Supply, Inc
        845 Bald Eagle Drive
        Marco Island, FL 34145

Bankruptcy Case No.: 11-16971

Chapter 11 Petition Date: September 7, 2011

Court: U.S. Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Debtor's Counsel: Buddy D. Ford, Esq.
                  BUDDY D. FORD, P.A.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

Scheduled Assets: $408,000

Scheduled Debts: $4,161,680

A list of the Company's five largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/flmb11-16971.pdf

The petition was signed by Mario Curiale, president.


MARCO POLO: Lender Wants Seaarland Case Tossed for No U.S. Ties
---------------------------------------------------------------
Dow Jones' DBR Small Cap reports that lender Royal Bank of
Scotland PLC is escalating its protests in Marco Polo Seatrade
BV's bankruptcy case, this time insisting that the Dutch ship
owner's proceedings be thrown out entirely.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Seaarland Shipping Management will give a U.S.
bankruptcy judge an opportunity to decide whether a company with
few if any ties to the U.S. can file for bankruptcy reorganization
to stop foreclosure by foreign creditors.

According to the report, Amsterdam-based Seaarland sought Chapter
11 protection in New York in July, to preclude secured lender
Credit Agricole Corporate & Investment Bank from seizing two more
of its six vessels.  The French bank had seized one vessel and was
on the cusp of arresting the other two.  The bank is agent for
lenders owed $89.7 million secured by the three vessels.

Mr. Rochelle relates that although Credit Agricole already called
the U.S. bankruptcy filing a "sham," Royal Bank of Scotland drew
first blood on the issue by filing papers this week asking U.S.
Bankruptcy Judge James M. Peck to dismiss the bankruptcy.
Edinburgh-based RBS alleges that Seaarland has no officers or
employees in the U.S. The assets sail the high seas; the loans are
governed by foreign law; the main creditors are foreign, and the
creditors' committee is populated with "foreign entities," RBS
said in court papers.

RBS contends that allowing a U.S. bankruptcy would defeat the
bank's "legitimate commercial expectation that RBS would not be
hauled into a U.S. Bankruptcy Court."

The dispute is scheduled for a hearing in Judge Peck's courtroom
on Oct. 3.

                         About Marco Polo

Marco Polo Seatrade B.V. operates an international commercial
vessel management company that specializes in providing
commercial and technical vessel management services to third
parties.  Founded in 2005, the Company mainly operates under the
name of Seaarland Shipping Management and maintains corporate
headquarters in Amsterdam, the Netherlands.  The primary assets
consist of six tankers that are regularly employed in
international trade, and call upon ports worldwide.

Marco Polo and three affiliated entities filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-13634) on July 29,
2011.  The other affiliates are Seaarland Shipping Management
B.V.; Magellano Marine C.V.; and Cargoship Maritime B.V.

Marco Polo is the sole owner of Seaarland, which in turn is the
sole owner of Cargoship, and also holds a 5% stake in Magellano.
The remaining 95% stake in Magellano is owned by Amsterdam-based
Poule B.V., while another Amsterdam company, Falm International
Holding B.V. is the sole owner of Marco Polo.  Falm and Poule
didn't file bankruptcy petitions.

The filings were prompted after lender Credit Agricole Corporate
& Investment Bank seized one ship on July 21, 2011, and was on
the cusp of seizing two more on July 29.  The arrest of the
vessel was authorized by the U.K. Admiralty Court.  Credit
Agricole also attached a bank account with almost US$1.8 million
on July 29.  The Chapter 11 filing precluded the seizure of the
two other vessels.

Evan D. Flaschen, Esq., Robert G. Burns, Esq., and Andrew J.
Schoulder, Esq., at Bracewell & Giuliani LLP, serve as bankruptcy
counsel.  The cases are before Judge James M. Peck.

The petition noted that the Debtors' assets and debt are both
more than US$100 million and less than US$500 million.


MARCO POLO: Can Use RBS and Credit Agricole Cash Collateral
-----------------------------------------------------------
Judge James Peck of the U.S. Bankruptcy Court for the Southern
District of New York has granted Marco Polo Seatrade B.V.
authorization to use the cash collateral of Royal Bank of
Scotland, PLC, and Credit Agricole Corporate and Investment Bank.
Judge Peck overrules all objections to the cash collateral motion.

The Debtors are authorized to use the RBS Cash Collateral, which
will be paid from the respective RBS vessel accounts numbered
00362585, 00384570, and 00362615 in accordance with a budget.
The Debtors are allowed a 15% per line item allowance for variance
and the Debtors may carry over any unused portion of a line item
to successive weeks.

The Senior Lenders are granted the following adequate protection:

    (a) Adequate Protection Liens: The Senior Lenders are granted
        additional and replacement security interests and liens in
        and upon all of the Debtors' cash, and cash collateral of
        the Senior Lenders; provided that the Adequate Protection
        Liens will only be granted to the extent that Senior
        Lenders would have been entitled to a security interest or
        right of setoff in the Cash Collateral under the RBS
        Credit Agreement or applicable law.

    (b) 507(b) Claims: RBS and the RBS Lenders are  granted an
        allowed superpriority administrative expense claim
        pursuant to Section 507(b) of the Bankruptcy Code in each
        of the applicable Chapter 11 Cases.

The Debtors' right to use the Cash Collateral arising under the
RBS Credit Agreement will terminate on the occurrence of:

     i. the effective date of any plan of reorganization with
        respect to any Debtor;

    ii. the date of conversion of any Chapter 11 Case to a case
        under Chapter 7 of the Bankruptcy Code;

   iii. the date of dismissal of the Chapter 11 Case of any
        Debtor;

    iv. the date of any termination of the exclusivity period for
        any Debtor; and

     v. the date of any appointment of a Chapter 11 trustee or
        other disinterested person with expanded powers pursuant
        to Bankruptcy Code Section  1104(c).

                          About Marco Polo

Marco Polo Seatrade B.V. operates an international commercial
vessel management company that specializes in providing
commercial and technical vessel management services to third
parties.  Founded in 2005, the Company mainly operates under the
name of Seaarland Shipping Management and maintains corporate
headquarters in Amsterdam, the Netherlands.  The primary assets
consist of six tankers that are regularly employed in
international trade, and call upon ports worldwide.

Marco Polo and three affiliated entities filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-13634) on July 29,
2011.  The other affiliates are Seaarland Shipping Management
B.V.; Magellano Marine C.V.; and Cargoship Maritime B.V.

Marco Polo is the sole owner of Seaarland, which in turn is the
sole owner of Cargoship, and also holds a 5% stake in Magellano.
The remaining 95% stake in Magellano is owned by Amsterdam-based
Poule B.V., while another Amsterdam company, Falm International
Holding B.V. is the sole owner of Marco Polo.  Falm and Poule
didn't file bankruptcy petitions.

The filings were prompted after lender Credit Agricole Corporate
& Investment Bank seized one ship on July 21, 2011, and was on
the cusp of seizing two more on July 29.  The arrest of the
vessel was authorized by the U.K. Admiralty Court.  Credit
Agricole also attached a bank account with almost US$1.8 million
on July 29.  The Chapter 11 filing precluded the seizure of the
two other vessels.

Evan D. Flaschen, Esq., Robert G. Burns, Esq., and Andrew J.
Schoulder, Esq., at Bracewell & Giuliani LLP, serve as bankruptcy
counsel.  The cases are before Judge James M. Peck.

The petition noted that the Debtors' assets and debt are both
more than US$100 million and less than US$500 million.


MARCO POLO: Court Approves Blank Rome as Committee's Attorney
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized the Official Committee of Unsecured Ceditors of Marco
Polo Seatrade B.V. and its debtor-affiliates to retain Blank Rome
LLP as its attorney to provide legal services and advice as may be
necessary for the orderly conduct of the Chapter 11 case.

The firm's professionals will charge the Debtors' estates at these
rates:

      Partners and Counsel          US$400-US$815
      Associates                    US$225-US$500
      Legal Assistants              US$105-US$290

The Committee assured the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                         About Marco Polo

Marco Polo Seatrade B.V. operates an international commercial
vessel management company that specializes in providing
commercial and technical vessel management services to third
parties.  Founded in 2005, the Company mainly operates under the
name of Seaarland Shipping Management and maintains corporate
headquarters in Amsterdam, the Netherlands.  The primary assets
consist of six tankers that are regularly employed in
international trade, and call upon ports worldwide.

Marco Polo and three affiliated entities filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-13634) on July 29,
2011.  The other affiliates are Seaarland Shipping Management
B.V.; Magellano Marine C.V.; and Cargoship Maritime B.V.

Marco Polo is the sole owner of Seaarland, which in turn is the
sole owner of Cargoship, and also holds a 5% stake in Magellano.
The remaining 95% stake in Magellano is owned by Amsterdam-based
Poule B.V., while another Amsterdam company, Falm International
Holding B.V. is the sole owner of Marco Polo.  Falm and Poule
didn't file bankruptcy petitions.

The filings were prompted after lender Credit Agricole Corporate
& Investment Bank seized one ship on July 21, 2011, and was on
the cusp of seizing two more on July 29.  The arrest of the
vessel was authorized by the U.K. Admiralty Court.  Credit
Agricole also attached a bank account with almost US$1.8 million
on July 29.  The Chapter 11 filing precluded the seizure of the
two other vessels.

Evan D. Flaschen, Esq., Robert G. Burns, Esq., and Andrew J.
Schoulder, Esq., at Bracewell & Giuliani LLP, serve as bankruptcy
counsel.  The cases are before Judge James M. Peck.

The petition noted that the Debtors' assets and debt are both
more than US$100 million and less than US$500 million.


MILLER BROTHERS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Miller Brothers Lumber Co., Inc.
        350 Elkin Wildlife Road
        Elkin, NC 28621

Bankruptcy Case No.: 11-51405

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       Middle District of North Carolina (Winston-Salem)

Judge: Thomas W. Waldrep Jr.

Debtor's Counsel: Charles M. Ivey, III, Esq.
                  IVEY, MCCLELLAN, GATTON, & TALCOTT, LLP
                  Suite 500, 100 S. Elm St.
                  Greensboro, NC 27401
                  Tel: (336) 274-4658
                  Fax: (336) 274-4540
                  E-mail: jlh@imgt-law.com

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

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

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ncmb11-51405.pdf

The petition was signed by Mike Miller, president.


MC INVESTMENT: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: MC Investment, LC
        500 Spring Hill Drive, Suite 240
        Spring, TX 77286

Bankruptcy Case No.: 11-37826

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Karen K. Brown

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: (713) 659-1333
                  Fax: (713) 658-0334
                  E-mail: margaret@mmmcclurelaw.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 David M. Antoniono, managing partner.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
DMA Kingwood Executive, L.P.          10-37946            09/07/10
DMA 2920 Investments, LC              10-39928            11/01/10
DMA Spring Hill Executive, L.P.       10-39933            11/01/10
DMA Magnolia Crossing, L.P.           10-32788            04/01/11
DMA Rayford Ridge Retail Center, L.P. 10-33759            05/01/11


MYSTIC PALMS: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Mystic Palms, LLC
        7880 N University Dr, Ste 200
        Fort Lauderdale, FL 33321

Bankruptcy Case No.: 11-35098

Chapter 11 Petition Date: September 8, 2011

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Raymond B. Ray

Debtor's Counsel: Susan D. Lasky, Esq.
                  SUSAN D LASKY, PA
                  2101 N Andrews Ave #405
                  Wilton Manors, FL 33311
                  Tel: (954) 565-5854
                  Fax: (954) 462-8411
                  E-mail: SDLPAECF@bellsouth.net

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

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

A list of the Company's seven largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/flsb11-35098.pdf

The petition was signed by Jackie Woolf, manager.


NAPA HOME: Price Rises 526% at Bankruptcy Auction
-------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that
prices sometimes rise dramatically in a bankruptcy auction.
Napa Home & Garden Inc. intended to sell the business to Teters
Floral Products Inc. for $1.1 million, unless a better offer
turned up at auction.  There were three bidders at the late July
auction. Teters ended up the winner, although it was forced to
increase the bid to $5.785 million.  The sale was completed last
month.

Napa Home & Garden, Inc., filed a Chapter 11 petition (Bankr. N.D.
Ga. Case No. 11-69828) on July 5, 2011.  The Debtor estimated
assets and debts of $1 million to $10 million.  Leslie Pineyro,
Esq., at Jones & Walden, LLC, in Atlanta -- ljones@joneswalden.com
-- serves as counsel to the Debtor.  A copy of the petition is
available at http://bankrupt.com/misc/ganb11-69828.pdf

The bankruptcy judge appointed a Chapter 11 trustee at the request
of the U.S. Trustee. The Justice Department's bankruptcy watchdog
said a trustee was needed to insure there was "truly a need" for a
quick sale and the transaction was negotiated at arm's length.


NATIONAL TAX: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: National Tax Data, Inc.
        32332 Camino Capistrano, Suite 206
        San Juan Capistrano, CA 92675

Bankruptcy Case No.: 11-22682

Chapter 11 Petition Date: September 9, 2011

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

Judge: Theodor Albert

Debtor's Counsel: Matthew E. Faler, Esq.
                  LAW OFFICES OF MATTHEW E. FALER
                  17330 Brookhurst Street, Suite 240
                  Fountain Valley, CA 92708
                  Tel: (714) 465-4433
                  Fax: (714) 965-7823
                  E-mail: mfaler@faler-law.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 15 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/cacb11-22682.pdf

The petition was signed by Peter M. Placey, president.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Peter Placey                          11-22681            09/09/11


NC AUTO: Case Summary & 14 Largest Unsecured Creditors
------------------------------------------------------
Debtor: NC Auto & Truck Rentals Inc.
          dba Payless Car Rental
        P.O. Box 39
        Mercedita, PR 00715

Bankruptcy Case No.: 11-07717

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       District of Puerto Rico (Ponce)

Debtor's Counsel: Modesto Bigas Mendez, Esq.
                  BIGAS & BIGAS
                  P.O. Box 7462
                  Ponce, PR 00732
                  Tel: (787) 844-1444
                  E-mail: modesto@coqui.net

Estimated Assets: $0 to $50,000

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

A list of the Company's 14 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/prb11-07717.pdf

The petition was signed by Nilda L. Cancel Garcia, president.


NORTEL NETWORKS: 3rd Circ. Takes on Nortel UK Pension Row
----------------------------------------------------------
Lance Duroni at Bankruptcy Law360 reports that the trustee for
Nortel Networks Inc.'s U.K. pension plan argued before the Third
Circuit on Wednesday that a bankruptcy judge misapplied the
automatic stay in barring them from taking part in an overseas
regulatory proceeding over the plan's $3.1 billion shortfall.

Law360 says the dispute centers on the UK Pensions Regulator's bid
to force Nortel to pony-up for a share of the pension liabilities
of the defunct telecom's British affiliate.

                       About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/-- was
once North America's largest communications equipment provider.
It has sold most of the businesses while in bankruptcy.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the
U.S. by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary Caloway,
Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll & Rooney
PC, in Wilmington, Delaware, serves as the Chapter 15 petitioner's
counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions (Bankr. D. Del. Case No. 09-10138) on Jan. 14, 2009.
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.  Fred S. Hodara, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, in New York, and
Christopher M. Samis, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, represent the Official Committee of
Unsecured Creditors.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  On May 28, 2009, at the request
of the Administrators, the Commercial Court of Versailles, France
ordered the commencement of secondary proceedings in respect of
Nortel Networks S.A.  On June 8, 2009, Nortel Networks UK Limited
filed petitions in this Court for recognition of the English
Proceedings as foreign main proceedings under chapter 15 of the
Bankruptcy Code.

Nortel Networks divested off key assets while in Chapter 11.
In March 2009, the U.S. Bankruptcy Court entered an order
approving the sale of the Layer 4-7 assets to Radware Ltd. as the
successful bidder at auction.  In July 2009, Nortel sold its CDMA
and LTE-related assets to Telefonaktiebolaget LM Ericsson (Publ).
In September 2009, the Court Nortel sold its Enterprise Solutions
business to Avaya Inc.  In October 2009, the Court approved the
sale of assets associated with Nortel's Next Generation Packet
Core network components to Hitachi, Ltd.  On Dec. 2, 2009, the
Court approved the sale of assets associated with Nortel's
GSM/GSM-R business to Telefonaktiebolaget LM Ericsson (Publ) and
Kapsch Carriercom AG.  In December 2009, the Debtors sold their
Metro Ethernet Networks business to Ciena Corporation.  In March
2010, Nortel sold its Carrier Voice Over IP and Application
Solutions business to GENBAND Inc.  In September 2010, Nortel sold
its Multi-Service Switch business to Ericsson.  In August 2011,
Nortel won court approval to sell its intellectual property
portfolio to a group that includes Apple Inc. and Microsoft Corp.
for $4.5 billion.

Nortel Networks filed a proposed plan of liquidation in the
U.S. Bankruptcy Court.  The Plan generally provides for full
payment on secured claims with other distributions going in
accordance with the priorities in bankruptcy law.


NORTHAMPTON GENERATING: S&P Affirms 'CC' Rating on $153MM Bonds
---------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'CC' rating on
Northampton Co. L.P.'s (Northampton) Series 1994A $153 million
($71.4 million outstanding as of June 30, 2011) resource recovery
revenue bonds due 2019. "We also assigned a recovery rating of '5'
to the bonds, reflecting expectations of modest recovery (10% to
30%) if a payment default occurs. The outlook remains negative,"
S&P related.

The Pennsylvania Economic Development Financing Authority issued
the bonds on behalf of the project. EIF Calypso LLC (77.5%; not
rated) and Cogentrix Energy LLC (22.5%; not rated) indirectly own
Northampton.

Northampton is a 110-megawatt (net) waste-fuel plant in
Northampton, Pa. It provides electricity to Metropolitan Edison
Co. (MetEd; BBB-/Stable/--) under a 25-year power-purchase
agreement (PPA) through 2020.

The 'CC' rating incorporates these risks:

    The senior debt remains in technical default.

    Stressed liquidity--the project drew on the senior debt-
    service reserve at the beginning of January 2010 and 2011 to
    meet senior note payments. There is also a possible working-
    capital shortfall for each month following the funding of the
    quarterly payment on principal and interest. To fund ongoing
    operations for that month, the project may need external
    funding.

    Cash flows are sensitive to changes in diesel prices.

    The PPA does not address any pass-through of carbon dioxide
    costs.

    "In our opinion, there is greater uncertainty of sponsor
    support given the deteriorating project economics," S&P said.

These factors mitigate the risks at the current rating level:

    Subordination of series C debt (unrated) and management fees.

    Contractual revenues from investment-grade MetEd.

    Pennsylvania has recognized the environmental benefits of
    waste-coal plants and counts them as eligible to meet
    utilities' renewable-resource targets.

"The '5' recovery rating assigned to the senior secured bonds
reflects expectations of modest recovery (10% to 30%) if a payment
default occurs. Given the substantial depletion of the debt
service reserve, our default scenario assumes that Northampton
will not have sufficient funds to pay its Jan. 1, 2012, debt
service, leading to a payment default with $71.6 million (or about
$650 per kilowatt of capacity) in outstanding senior debt,
including six months' prepetition interest. We performed the
valuation based on discounted cash-flow methodology. Under our
assumption of fuel costs and other operation expenses, the
project's cash flow declines by about 25% from the management base
case. Assuming post-default commercial operations through the
PPA's maturity in 2020, the net present value of cash flows
discounted at 12% results in a gross enterprise value of about
$15.9 million. We reduce our gross valuations by 5% to account for
estimated administrative expenses related to the bankruptcy
process to arrive at net valuation of about $15.1 million. The
resulting recovery of 21% results in a '5' recovery rating on the
bonds, indicating expectation of modest recovery (10% to 30%) in a
payment default scenario," S&P stated.

"The outlook on the rating is negative. We think that the project
will likely default in 2012 without restructuring and/or
substantial equity injection. An upgrade or outlook revision to
stable in the near term is unlikely given the financial
vulnerability," S&P added.


O&G LEASING: Objects to Motion to Prohibit Cash Collateral Use
--------------------------------------------------------------
Washington State Bank (WSB) previously asked the U.S. Bankruptcy
Court for the Southern District of Mississippi to prohibit O&G
Leasing, LLC from the continued use of cash collateral.

Prior to the filing of the bankruptcy petition, on December 5,
2008, O&G executed a $5.25 million promissory note to WSB, secured
by Rig #48, related equipment and all revenues from Rig #48.  Rig
#48 has continued to be utilized by the Debtor. Rig #48 has been
leased and is continuing to generate revenues.

As of Aug. 3, 2011, the WSB debt had grown to $4,991,849.57.  In
the past 14 months since the filing of the bankruptcy petition,
WSB has been paid nothing.  The Debtor has also not paid any funds
to First Security Bank, Indenture Trustee either, which is a $38
million creditor.

Subsequently, O&G asks the Court not to grant WSB's request.  O&G
asserts that it fully and properly maintained Rig #48 and all of
its component and related parts and equipment, and has maintained
the same in fully operational condition throughout the Chapter 11
cases.

Due to the operational success enjoyed by the Debtors during the
Chapter 11 cases, Rig 48 is under a one year contract and has been
fully functional and maintained in order to ensure its continued
performance for the customer, O&G notes.

Because of the Debtors' success and improvement of market
conditions, WSB's collateral is being used and generating revenue,
which has resulted in an increase in its value and, therefore, the
return available to WSB in these cases, Douglas C. Noble, Esq., at
McCraney Montagnet & Quin PLLC, relates.  He notes that WSB's own
valuations do not show otherwise.

"In fact, for a period of time extending well prior to the
Petition Date and even afterward, WSB's collateral generated no
cash collateral, although expenditures of estate funds were
required to maintain, store and prepare it for use when work was
finally available," Mr. Noble says.

Accordingly, WSB's interests in property of the Debtors are and
have always been adequately protected, Mr. Noble contends.

He points out that the Debtors have never contested WSB's lien
position and provide in their proposed plan for all liens to
remain undisturbed.  Mr. Noble further argues that the Debtors
have continued to treat WSB's collateral just as it has prior to
the Petition Date, has acknowledged the continued existence of its
liens and has no opposition to WSB being granted replacement liens
as assurance in this regard.

                         About O&G Leasing

Jackson, Mississippi-based O&G Leasing, LLC, filed for Chapter 11
bankruptcy protection (Bankr. S.D. Miss. Case No. 10-01851) on May
21, 2010.  Douglas C. Noble, Esq., at McCraney Montagnet & Quin,
PLLC, assists the Company in its restructuring effort.  The
Company estimated $10 million to $50 million in assets and $50
million to $100 million in liabilities.


O&G LEASING: Opposes Conversion of Case to Chapter 7
----------------------------------------------------
Washington State Bank (WSB) previously asked the U.S. Bankruptcy
Court for the Southern District of Mississippi to convert the
Chapter 11 case of O&G Leasing, LLC, to one under Chapter 7.  In
the alternative, WSB requests the Court to appoint a Chapter 11
Trustee.

WSB argued that an independent Trustee is required instead of
current management to protect the creditors of the bankruptcy
estate.

"This Motion results from WSB's inability to appreciate the
requirements and limitations of the Bankruptcy Code, and its
backing out of agreements with the Debtors that would have likely
avoided all of the disputes that are now pending between them,"
Douglas C. Noble, Esq., at McCraney Montagnet & Quin PLLC, says.

After extensive negotiation of final terms for treatment of WSB's
secured claim in the Debtors plan, which concluded with a "take it
or leave it" demand from WSB and the threat of "objection to
everything" if the Debtors didn't accept the demand, WSB follows
through with its threat by filing the Conversion Motion and other
pleadings filed for improper purposes and, certainly, for purposes
other than those sought in the Conversion Motion, Mr. Noble tells
the Court.

The superficiality of the Motion's allegations is evidenced by
their incompleteness, Mr. Noble argues.  He says that the Debtors
have incurred significant restructuring expenses, which were
sought to be avoided and perhaps could have been far less if there
was any ability to negotiate with their debenture holders or the
indenture trustee. Importantly, WSB fails to focus on the results
of those costs and efforts.

                         About O&G Leasing

Jackson, Mississippi-based O&G Leasing, LLC, filed for Chapter 11
bankruptcy protection (Bankr. S.D. Miss. Case No. 10-01851) on May
21, 2010.  Douglas C. Noble, Esq., at McCraney Montagnet & Quin,
PLLC, assists the Company in its restructuring effort.  The
Company estimated $10 million to $50 million in assets and $50
million to $100 million in liabilities.


O&G LEASING: Objects to SolstenXP-Led Sale Process
--------------------------------------------------
O&G Leasing LLC and its debtor affiliates objects to the sale
process proposed by First Security Bank, as indenture trustee for
the bonds used to fund the acquisition and construction of the
rigs.

FSB previously asked the U.S. Bankruptcy Court for the Southern
District of Mississippi to approve (A) proposed sales procedures
in connection with solicitation of offers for sale of
substantially all assets of O&G Leasing, LLC, and its affiliates,
and (B) payment of a break-up fee of $500,000 to SolstenXP
Drilling, LLC, the proposed purchaser.

Because the Motion has not been formally noticed and no objection
deadline established, the Debtors submit that no response is
required and that consideration of the Motion cannot occur until
such time as proper notice to all creditors has been provided
pursuant to the Federal Rules of Bankruptcy Procedure.  This
Objection is filed because the Motion is scheduled for a
preliminary hearing on September 6, 2011.  The Debtors reserve
their rights to file further responses and objections upon proper
notice and scheduling of the Motion.

Douglas C. Noble, Esq., at McCraney Montagnet & Quin PLLC,
contends that The Motion, which is part and parcel of FSB's
proposed plan of liquidation, is an absurdly premature filing that
seeks to be fiscally irresponsible with estate funds and to "jump
start" a process that is fundamentally flawed and questionable in
many respects.

The Motion is premised upon a pre-confirmation sale of the
Debtors' assets under Section 363 of the Bankruptcy Code, Mr.
Noble points out.  He asserts that FSB can neither seek nor obtain
authority to sell the Debtors' assets under Section 363, therefore
the Motion seeking to establish a process for a sale that cannot
occur cannot be granted.

Moreover, if granted, the estate becomes liable for a break-up fee
to an unverified stalking horse bidder that has performed no due
diligence under a sale contract that cannot be performed as a
matter of law, Mr. Noble further argues.

Accordingly, the Debtors object to consideration of approving a
proposed stalking horse and payment of a gratuitous break-up fee
until a time as the sale sought by FSB can actually occur.

"This does not even address the numerous unanswered questions and
problems with the stalking horse bidder and the break-up fee
themselves, neither of which should be approved," Mr. Noble says.

                         About O&G Leasing

Jackson, Mississippi-based O&G Leasing, LLC, filed for Chapter 11
bankruptcy protection (Bankr. S.D. Miss. Case No. 10-01851) on May
21, 2010.  Douglas C. Noble, Esq., at McCraney Montagnet & Quin,
PLLC, assists the Company in its restructuring effort.  The
Company estimated $10 million to $50 million in assets and $50
million to $100 million in liabilities.


OLSEN AGRICULTURAL: Plan Filing Deadline Extended to Sept. 29
-------------------------------------------------------------
Pursuant to a Court-approved stipulation between Olsen
Agricultural Enterprises LLC, the Official Committee of Unsecured
Creditors, and Rabo Agrifinance, Inc., the Debtor's 120-day
exclusive period for filing a Chapter 11 Plan is extended to
September 29, 2011 From September 1, 2011.

The Parties note that the Debtor is continuing to evaluate its
alternatives for restructuring its vineyard and wine business and
presently is engaged in discussions with Bacchus Capital LLP for a
possible business combination involving certain of the Debtor's
wine business assets.

               About Olsen Agricultural Enterprises

Based in Monmouth, Oregon, Olsen Agricultural Enterprises LLC is
the surviving entity of a merger transaction that was consummated
on June 1, 2011.  In the merger transaction, Olsen Agricultural
Company, Inc., an Oregon corporation, Jenks-Olsen Land Co., an
Oregon general partnership, Olsen Vineyard Company, LLC, an Oregon
limited liability company and The Olsen Farms Family Limited
Partnership were merged with and into Olsen Agricultural
Enterprises.

Olsen Agricultural Enterprises filed for Chapter 11 bankrutpcy
(Bankr. D. Ore. Case No. 11-62723) on June 1, 2011.  Judge Frank
R. Alley III presides over the case.  Clyde A. Hamstreet &
Associates, LLC, serves as the Debtor's restructuring consultant
and financial advisor.

An official committee of unsecured creditors has been appointed in
the case.

In its petition, the Debtor listed $10 million to $50 million in
assets and debts.  The petition was signed by Robin G. Olsen,
operations director.


OMEGA NAVIGATION: HSH Nordbank Wants Lift Stay to Take Ships
------------------------------------------------------------
HSH Nordbank AG, as senior facilities agent, asks the U.S.
Bankruptcy Court for the Southern District of Texas to lift the
automatic stay to allow the agent to exercise its contractual and
legal rights and remedies against Omega Navigation Enterprises,
Inc., et al.'s ships.

HSH Nordbank, as agent for certain banks as lenders under that
certain senior facilities agreement, seeks the right to pursue
liquidation of its collateral, namely eight marine vessels which
secure a loan that matured June 9, 2011, and the Debtors refuse to
repay.  The lenders' claims as of the Petition Date ($242 million
in outstanding principal, plus unpaid prepetition interest, fees
and expenses) already exceed the value of the ships, which had an
aggregate value of $239 million as of Aug. 25, 2011.

HSH Nordbank notes that this motion is filed along with its motion
to dismiss the Chapter 11 cases of the Debtors.  HSH Nordbank
believes the dismissal of these cases or the appointment of an
independent Chapter 7 fiduciary to liquidate the Debtors is
appropriate relief, but recognizes that relief from stay
accomplishes much of its goal.

HSH Nordbank set an Oct.24 hearing on the requested automatic
stay.

                      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.

Judge Karen K. Brown presides over the case.  Bracewell & Giuliani
LLP serves as counsel to the Debtors.  Jefferies & Company, Inc.,
is the financial advisor and investment banker.

The Official Committee of Unsecured Creditors has tapped Winston &
Strawn as local counsel; Jager Smith as lead counsel; and First
International as financial advisor.


OMEGA NAVIGATION: Panel Taps First Int'l as Financial Advisors
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in th Chapter 11
cases of Omega Navigation Enterprises, Inc., et al., asks the U.S.
Bankruptcy Court for the Southern District of Texas for permission
to retain First International Corporation as its financial
advisors.

First International will, among other things:

   a) advise the Committee on matters concerning any capital and
   equity expenditures proposed by the Debtors;

   b) advise the Committee on matters concerning any asset
   valuation issues; and

   c) advise the Committee and assist the estates in identifying
   possible bidders for any of the Debtors' assets proposed to be
   sold to achieve the highest and best values for proposed asset
   sales.

For professional services, First International has agreed that its
fees will be based on the hourly rate of $375.  First
International and the Committee have agreed that First
International will be reimbursed for its ordinary and necessary
expenses.

To the best of the Committee's knowledge, First International is a
"disinterested person" as that term is defined in section 101(14)
of the Bankruptcy Code.

The Committee set an Oct. 3, hearing on its requested retention of
First International.

                      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.

Judge Karen K. Brown presides over the case.  Bracewell & Giuliani
LLP serves as counsel to the Debtors.  Jefferies & Company, Inc.,
is the financial advisor and investment banker.

The Official Committee of Unsecured Creditors has tapped Winston &
Strawn as local counsel; Jager Smith as lead counsel; and First
International as financial advisor.


OMEGA NAVIGATION: Committee Taps Winston & Strawn as Local Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Omega Navigation Enterprises, Inc., et al., asks the U.S.
Bankruptcy Court for the Southern District of Texas for permission
to retain Winston & Strawn LLP as its local counsel.

Winston & Strawn will, among other things:

   a) consult with the Committee and the Debtors concerning
   administration of the cases;

   b) assist the Committee in its investigation of the acts,
   conduct, assets, liabilities, and financial condition of the
   Debtors, operation of the Debtors' businesses and the
   desirability of continuing or selling such business or assets,
   the formulation of a chapter 11 plan, and any other matter
   relevant to the cases; and

   c) assist the Committee in evaluating claims against the
   estates, including analysis of and possible objections to the
   validity, priority, amount, subordination, or avoidance of
   claims and transfers of property in consideration of the
   claims.

The Committee related that it applied to retain Jager Smith as
counsel.  The Committee adds that Winston & Strawn and Jager Smith
will communicate to ensure that the legal services provided to the
Committee by each firm are not duplicative.

The Committee notes that James Donnell, partner, will be
supervising attorney for Winston & Strawn.  Sarah Trum, associate,
will be the bankruptcy attorney providing most of the services on
behalf of Winston & Strawn in assisting Jager Smith, which will be
acting as lead counsel on most matters.

The hourly rates of Winston & Strawn are:

         Partners             $580 - $1,130
         Associates           $350 -   $600
         Legal Assistants     $150 -   $335

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

The Committee set an Oct. 3 hearing on the its proposed retention
of Winston & Strawn.

                      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.

Judge Karen K. Brown presides over the case.  Bracewell & Giuliani
LLP serves as counsel to the Debtors.  Jefferies & Company, Inc.,
is the financial advisor and investment banker.

The Official Committee of Unsecured Creditors has tapped Winston &
Strawn as local counsel; Jager Smith as lead counsel; and First
International as financial advisor.


OXFORD EXPO: Bankr. Ct. Rules on Jurisdiction in Questex Issue
--------------------------------------------------------------
Bankruptcy Judge David W. Houston III adopted a cautious approach
in ruling on the case, OXFORD EXPOSITIONS, LLC, EDWIN E. MEEK, and
JENNIFER ROBINSON, Plaintiffs/Counter-Defendants, v. QUESTEX MEDIA
GROUP, LLC, Defendant/Counter-Plaintiff, Adv. Proc. No. 11-01095
(Bankr. N.D. Miss.).  Judge Houston said the Bankruptcy Court has
jurisdiction over the dispute between debtor Oxford Expo and
Questex. However, it doesn't have jurisdiction over the dispute
involving non-debtor entities, Questex and Oxford Expo's former
employees, Meek and Robinson.  Judge Houston discussed how the
United States Supreme Court's decision in Stern v. Marshall, 131
S.Ct. 2594, 180 L.Ed.2d 475 (2011), influenced his decision.
According to Judge Houston, while the causes of action between
Meek, Robinson, and Questex are inextricably related to the Oxford
Expo bankruptcy case, in an abundance of caution, they must be
construed as non-core proceedings.  Absent the consent of Questex
for the Bankruptcy Court to enter final orders and judgments,
pursuant to 28 U.S.C. Sec. 157(c)(1), the Court will consider the
issues between these parties as non-core proceedings and submit
proposed findings of fact and conclusions of law to the district
court for the entry of any final order or judgment.  "While this
is not an ideal approach, it does comport with the framework
established by Congress when enacting the Bankruptcy Amendments
and Federal Judgeship Act of 1984," Judge Houston said.  "This
approach will also promote judicial economy by not having separate
lawsuits proceeding simultaneously in separate forums which could
lead to inconsistent judicial results."

A copy of Judge Houston's Sept. 12, 2011 Opinion is available at
http://is.gd/04Ef1Sfrom Leagle.com.

Oxford Publishing and Oxford Communication were engaged in the
business of publishing magazines related to the hospitality
industry, as well as, the promotion and management of trade shows
related to this same industry throughout the United States. A

Oxford Expositions LLC filed for Chapter 11 bankruptcy (Bankr.
N.D. Miss. Case No. 10-16218) on Dec. 23, 2010, listing under $1
million in assets and debts.

Questex Media Group, Inc., was also a debtor in its own Chapter 11
case.  Questex Media Group, Inc. -- http://www.questex.com/--
provides media and telecommunication services.  The Debtors' media
properties include 23 trade publications and 150 digital
publications.  The Company was formed in 2005 by Audax Group Inc.,
a private equity firm based in Boston, which bought business units
from Advanstar Holdings Inc for $185 million.

Questex and its affiliates filed for Chapter 11 on Oct. 5, 2009
(Bankr. D. Del. Lead Case No. 09-13423).  James Stempel, Esq., and
Erik Chalut, Esq., at Kirkland & Ellis LLP, and Michael Nestor,
Esq., at Young Conaway Stargatt & Taylor, LLP, represented the
Debtors in their restructuring efforts.  The Questex Debtors'
investment bankers were Miller Buckfire & Co., LLC.  The First
Lien Steering Committee was advised by legal counsel, Weil,
Gotshal & Manges LLP; and investment bankers Imperial Capital,
LLC.  Questex listed $299 million in total assets against $321
million in total debts as of the filing of its petition.

In December 2009, Questex completed the sale of its business to
QMG Acquisition, LLC, an entity formed by its first-lien lenders,
for $120 million in secured debt and the assumption of $15 million
provided to finance the reorganization.  The lenders set aside
$500,000 for the Debtor in winding down the case.

On Aug. 16, 2010, after their corporate names had been changed,
the bankruptcy cases of Old Questex, Oxford Publishing, and Oxford
Communication were dismissed.


PALM HARBOR: Debtor Renamed to PHH Liquidation Following Sale
-------------------------------------------------------------
BankruptcyData.com reports that Palm Harbor Homes filed with the
U.S. Bankruptcy Court a motion to amend the docket caption and
change its corporate name to PHH Liquidation Trust.  In March
2011, the Debtors completed a sale of all of its assets to Cavco
Industries' subsidiary Palm Harbor Homes, Inc. as the buyer.

The motion explains, "The Stipulation requires Palm Harbor to file
a motion with this Court to obtain approval to change its name
with the Florida Secretary of State to a name that does not
include the words 'Palm Harbor' in order to avoid confusion
between the identities of Palm Harbor and the Buyer."

The Court scheduled an Oct. 21, 2011 hearing to consider the
motion.

                      About Palm Harbor Homes

Addison, Texas-based Palm Harbor Homes, Inc. --
http://www.palmharbor.com/-- manufactured and marketed factory-
built homes.  The Company marketed nationwide through vertically
integrated operations, encompassing manufactured and modular
housing, financing and insurance.

Palm Harbor, along with affiliates, filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 10-13850) on
Nov. 29, 2010.  It disclosed $321,263,000 in total assets and
$280,343,000 in total debts.

Brian Cejka at Alvarez & Marsal is the Debtors' chief
restructuring officer.  Raymond James and Associates, Inc., is the
Debtors' investment banker.  Alvarez & Marshal North America, LLC,
is the Debtors' financial advisor.  BMC Group, Inc., is the
Debtors' claims agent.  Pachulski Stang Ziehl & Jones LLP serves
as counsel to the Official Committee of Unsecured Creditors.

Following a court-approved sale process, Palm Harbor in March 2011
sold its business for $85.25 million to Fleetwood Enterprises
Inc., a venture between Cavco Industries Inc. and a fund advised
by Third Avenue Management LLC.  Fleetwood is providing up to $55
million in secured financing for Palm Harbor's reorganization.


PASSIONATE PET: Posts $415,100 Net Loss in June 30 Quarter
----------------------------------------------------------
Passionate Pet, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $415,110 on $362,992 of revenues for the
three months ended June 30, 2011, compared with a net loss of
$108,586 on $311,480 of revenues for the same period last year.

The Company had a net loss of $1.2 million on $791,397 of revenues
for the nine months ended June 30, 2011, compared with a net loss
of $523,732 on $498,642 of revenues for the same period ended
June 30, 2010.

The Company's balance sheet at June 30, 2011, showed $1.3 million
in total assets, $2.5 million in total liabilities, and a
stockholders' deficit of $1.2 million.

The Company has incurred recurring losses from operations
resulting in an accumulated deficit of $2,072,152, and as of
June 30, 2011, the Company's current liabilities exceeded its
current assets by $1,710,574 and its total liabilities exceeded
its total assets by $1,186,862.  "These factors raise substantial
doubt about the Company's ability to continue as a going concern."

A copy of the Form 10-Q is available at http://is.gd/lwzC5U

Irvine, Calif.-based Passionate Pet, Inc., owns and operates a
retail pet store which offers a combination of premium pet food
and supplies.


PEARLAND SUNRISE: Negotiated Cash Collateral Use Thru Oct. 18
-------------------------------------------------------------
Pearland Sunrise Lake Village I, LP, and C-III Asset Management
LLC, as special servicer for certain noteholders, negotiated in
good faith and agreed to extend the Final Cash Collateral Order
through Oct. 18, 2011.

The parties' agreement dated Sept. 1, 2011, for the extended use
of the cash collateral is subject to a prepared monthly budget for
June 2011 to October 2011, a copy of which is available for free
at http://bankrupt.com/misc/PEARLAND_budgetJunetoOct2011.pdf

The new agreement comes after C-III notified Judge H. Christopher
Mott in an Aug. 24 court filing that it does not consent to the
Debtor's use of cash collateral.

Under the new agreement, the monthly adequate protection payment
amount to be paid by the Debtors will be $43,000 for June 2011
through October 2011.  The Debtor will deliver the adequate
protection payments no later than the 25th of each month.

Except as provided, all terms, conditions and provisions of the
Final Cash Collateral Order are not otherwise altered and will
remain in full force and effect.  As reported by The Troubled
Company Reporter on Nov. 29, 2010, as adequate protection for any
diminution in value of the lenders' collateral, the Debtors will
grant the noteholders replacement liens on all of the properties
and assets of the Debtor, and a superpriority administrative
expense claim status.  As of the Petition Date, the Debtor was
indebted to the noteholders in the approximate amount of $13.65
million in unpaid principal plus accrued interest.

             About Pearland Sunrise Lake Village I, LP

Marble Falls, Texas-based Pearland Sunrise Lake Village I, LP, dba
SRLVI, filed for Chapter 11 bankruptcy protection on July 9, 2010
(Bankr. W.D. Tex. Case No. 10-11926).  Frank B. Lyon, Esq., who
has an office in Austin, Texas, represents the Debtor.  The
Company estimated assets and debts at $10 million to $50 million.

The Company's affiliate, Pearland Sunrise Lake Village II, LP, dba
SRLVII, filed a separate Chapter 11 petition on July 9, 2010 (Case
No. 10-11925), estimating assets and debts at $10 million to $50
million.


PEARLAND SUNRISE: Files Modified Reorganization Plan
----------------------------------------------------
Pearland Sunrise Village I, LP., delivered to the U.S. Bankruptcy
Court for the Western District of Texas its proposed plan of
reorganization as modified on Aug. 19, 2011.  Among other things,
the modified plan designates 10 classes of claims and interests as
compared to 11 classes in the original plan dated Nov. 30, 2010.
The class on administrative convenience class has been eliminated.

As related by The Troubled Company Reporter on Aug. 29, 2011, the
Bankruptcy Court approved on Aug. 10 the Debtor's First Amended
Disclosure Statement dated Aug. 8, 2011, describing the Plan.
Sept. 19, 2011, at 5:00 p.m. (CT) has been fixed as the last day
for submitting ballots for acceptance or rejection of the Plan.
Sept. 19 is also the last day for filing and serving written
objections to confirmation of the Plan.  The confirmation hearing
has been set for Sept. 26, 2011 at 1:30 p.m. (CT).

The Plan will attempt to repay the Debtor's creditors in full
through the continued operation of the Debtor's real property, use
of the "Registry Funds" that was placed into the Debtor's DIP
account, and the possible recovery of other funds related to the
"Nationwide Lawsuit".

As reported by the TCR on Feb. 2, 2011, the salient terms of the
Plan are:

  (1) Holders of administrative claims and priority claims will
      be paid in full on the effective date of the Plan;

  (2) Holders of secured claims will be paid over time;

  (3) Holders of unsecured claims will be paid the allowed
      amounts of their claims pro-rata in 60 equal installments
      beginning on the Effective Date; and

  (4) Partnership interests held by the general and limited
      partners of the Debtor will be retained, but will not re-
      vest until all other Allowed Claims have been paid in full.

A full-text copy of the Plan, as modified on Aug. 19, is available
for free at:

        http://bankrupt.com/misc/PEARLAND_DSAug19.PDF

             About Pearland Sunrise Lake Village I, LP

Marble Falls, Texas-based Pearland Sunrise Lake Village I, LP, dba
SRLVI, filed for Chapter 11 bankruptcy protection on July 9, 2010
(Bankr. W.D. Tex. Case No. 10-11926).  Frank B. Lyon, Esq., who
has an office in Austin, Texas, represents the Debtor.  The
Company estimated assets and debts at $10 million to $50 million.

The Company's affiliate, Pearland Sunrise Lake Village II, LP, dba
SRLVII, filed a separate Chapter 11 petition on July 9, 2010 (Case
No. 10-11925), estimating assets and debts at $10 million to $50
million.


PEGASUS RURAL: Creditors Have Until Nov. 4 to File Claims
---------------------------------------------------------
The U.S. Bankruptcy for the District of Delaware set Nov. 4, 2011,
at 4:00 p.m., as the deadline for creditors of Pegasus Rural
Broadbrand LLC to file proofs of claim.  All governmental units
have until Dec. 7, 2011, at 4:00 p.m., to file their claims
against the Debtors.

All proofs of claim must be filed at:

   i) if sent via regular U.S. mail
      Pegasus Rural Broadband, LLC Claims Processing Center
      c/o Epiq Bankruptcy Solutions, LLC for Station
      P.O. Box 5112
      New York. NY 10150-5112

ii) if sent via hand delivery or overnight mail
     Pegasus Rural Broadband, LLC Claims Processing Center
     c/o Epiq Bankruptcy Solutions, LLC
     757 Third Avenue, 3rd Floor
     New York, NY 10017

                      About Pegasus Rural

Pegasus Rural Broadband, LLC, and its affiliates, including
Xanadoo Holdings Inc., sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 11-11772) on June 10, 2011.

The Debtors are subsidiaries of Xanadoo Company, a 4G wireless
Internet provider.  Xanadoo Co. was not among the Chapter 11
filers.

The subsidiaries sought Chapter 11 protection after they were
unable to restructure $52 million in 12.5% senior secured
promissory notes that matured in May.  The notes are owing to
Beach Point Capital Management LP.

Xanadoo Holdings, through Xanadoo LLC -- XLC -- offers wireless
high-speed broadband service, including digital phone services,
under the Xanadoo brand utilizing licensed frequencies in the 2.5
GHz frequency band.  As of May 31, 2011, XLC served 12,000
subscribers in Texas, Oklahoma and Illinois.  In the summer of
2010, the Debtors closed all of their retail stores and kiosks in
its six operating markets and severed all fulltime sales
personnel.  Since the closings, the Debtors relied one key
retailer in each market to serve as local point of presence to
market customer transactions.

Judge Peter J. Walsh presides over the case.  Rafael Xavier
Zahralddin-Aravena, Esq., Shelley A. Kinsella, Esq., and Jonathan
M. Stemerman, Esq., at Elliott Greenleaf, in Wilmington, Delaware,
serve as counsel to the Debtor.  NHB Advisors Inc. is their
financial advisors.  Epiq Systems, Inc., is the claims and notice
agent.

Xanadoo Holdings, Pegasus Guard Band and Xanadoo Spectrum each
estimated assets of $100 million to $500 million and debts of
$50 million to $100 million.


PIERINO REALTY: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Pierino Realty Corp
        101 City Island Avenue
        Bronx, NY 10464

Bankruptcy Case No.: 11-14257

Chapter 11 Petition Date: September 8, 2011

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

Debtor's Counsel: Chris Mills, Esq.
                  LAW OFFICE OF CHRIS MILLS
                  116 W. 23rd Street, 5-87
                  New York, NY 10011
                  Tel: (212)-851-8416
                  Fax: (212) 504-8229
                  E-mail: cmills25@hotmail.com

Scheduled Assets: $687,517

Scheduled Debts: $3,378,043

A list of the Company's two largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/nysb11-14257.pdf

The petition was signed by Pietro Mellampe, president.


PLEASANTVIEW. LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Pleasantview. LLC
        2525 S. McClintock Dr.
        Tempe, AZ 85282

Bankruptcy Case No.: 11-25833

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: James M. Marlar

Debtor's Counsel: Bill King, Esq.
                  BILL KING PC
                  2051 S. Dobson Road, #7
                  Mesa, AZ 85202
                  Tel: (480) 949-7121
                  Fax: (480) 890 0820
                  E-mail: kingbilllaw@gmail.com

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

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

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

The petition was signed by Neville James, managing member.


PORTNEUF ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Portneuf Electric, LLC
        c/o Tolson Law Offices
        2677 E. 17th Street
        Ammon, ID 83406

Bankruptcy Case No.: 11-41502

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       District of Idaho (Pocatello)

Debtor's Counsel: Aaron J. Tolson, Esq.
                  AARON J TOLSON LAW OFFICES
                  2677 E. 17th Street Suite 300
                  Ammon, ID 83406
                  Tel: (208) 228-5221
                  Fax: (208) 228-5200
                  E-mail: ajt@aaronjtolsonlaw.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/idb11-41502.pdf

The petition was signed by Brett Harris, president.


PUBLIC MEDIA: Gregory Waring Resigns as President and COO
---------------------------------------------------------
Gregory Waring resigned as Public Media Works, Inc.'s President
and Chief Operating Officer effective as of Sept. 8, 2011.

                     About Public Media Works

Sausalito, Calif.-based Public Media Works, Inc., and its wholly-
owned subsidiary, EntertainmentXpress, Inc., a California
corporation , are engaged in the business of offering self-service
kiosks which deliver DVD movies to consumers.

Public Media Works, Inc., has historically been engaged in the
development, production, marketing and distribution of film, music
and television entertainment titles.  The Company has an ownership
interest in several film and television projects, but expects no
revenue from these projects.  As of May 4, 2010 with the
acquisition of Entertainment Xpress, Inc., the Company has focused
exclusively on its kiosk business and intends to continue this
focus going forward.  In March 2011, the Company installed its
first 25 kiosks under the DBA of "Spot. The difference(TM)".

Anton & Chia, LLP, in Newport Beach, California, expressed
substantial doubt about Pubic Media Works' ability to continue as
a going concern.  The independent auditors noted that the Company
has incurred significant recurring net losses and negative cash
flows from operations through Feb. 28, 2011, and it has an
accumulated deficit of $12.83 million as of Feb. 28, 2011.

The Company reported a net loss of $7.68 million on $7,139 of
revenue for the fiscal year ended Feb. 28, 2011, compared with a
net loss of $108,435 on $50,000 of revenue for the fiscal year
ended Feb. 28, 2010.

The Company's balance sheet at May 31, 2011, showed $862,106 in
total assets, $1.17 million in total liabilities and a $307,366 in
total stockholders' deficit.


QUANTUM FUEL: Delays Filing of Quarterly Report on Form 10-Q
------------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., is unable to
timely file its Quarterly Report on Form 10-Q for the fiscal
quarter ended July 31, 2011, without unreasonable effort and
expense due to the Company's decision on Sept. 1, 2011, to dismiss
Ernst & Young LLP as its independent auditors for cost reduction
purposes.  On Sept. 2, 2011, the Company engaged Haskell & White
LLP to serve as its independent auditor effective immediately.
Management of the Company has been working diligently with Haskell
& White LLP on the transition, however, the change in auditors
necessitated a significant amount of effort in providing the
necessary financial data and other documents and information to
Haskell & White LLP, which delayed management's preparation of the
Quarterly Report, and, in turn, Haskell & White LLP's review
thereof.

In addition to the delay caused by the recent change in auditors,
the Company said additional time is needed to evaluate the
financial statement impact resulting from certain material
transactions and events that occurred during and after the period
covered by the Quarterly Report including, without limitation,
debt modifications that occurred on Aug. 31, 2011, and the
Company's withdrawal on Sept. 2, 2011, from the California Energy
Commission loan program.

The Company anticipates that it will be able to file its Quarterly
Report for the fiscal quarter ended July 31, 2011, within the time
prescribed in Rule 12b-25(b)(2)(ii).

The Company anticipates that revenues to be reported will increase
by $3.2 million, from $3.6 million for the three months ended
July 31, 2010, to $6.8 million for the three months ended July 31,
2011, and anticipates that its loss from operations before income
taxes for the period ended July 31, 2011, will increase by $6.3
million, from a loss of $1.6 million for the three months ended
July 31, 2010, to a loss of $7.9 million for the three months
ended July 31, 2011.  The increase in loss for the current period
compared to the same period for the last fiscal year is primarily
attributable to the following: (i) a non-cash charge in the
current period of $1.9 million attributable to fair value
adjustments of derivative instruments, compared to a gain of $3.4
million for same period in the last fiscal year, (ii) a non-cash
charge of $1.8 million attributable to a facility exit obligation
that occurred in the current period only, and (iii) a non-cash
charge of $1.1 million attributable to amortization and impairment
of long-lived assets, compared to a non-cash charge of $0.1
million for the same period in the last fiscal year.

                         About Quantum Fuel

Based in Irvine, California, Quantum Fuel Systems Technologies
Worldwide, Inc., is a fully integrated alternative energy company
and considers itself a leader in the development and production of
advanced clean propulsion systems and renewable energy generation
systems and services.

Quantum Fuel and its senior lender, WB QT, LLC, entered into a
Ninth Amendment to Credit Agreement and a Forbearance Agreement on
Jan. 3, 2011.  The Senior Lender agreed to provide the Company
with a $5.0 million non-revolving line of credit, which may be
drawn upon at any time prior to April 30, 2011.  Advances under
the New Line of Credit do not bear interest -- unless an event of
default occurs, in which case the interest rate would be 10% per
annum -- and mature on April 30, 2011.  The Senior Lender also
agreed to forbear from accelerating the maturity date for any
portion of the Senior Debt Amount and from exercising any of its
rights and remedies with respect to the Senior Debt Amount until
April 30, 2011.

The Company reported a net loss attributable to stockholders of
$11.03 million on $20.27 million of total revenue for the year
ended Apri1 30, 2011, compared with a net loss attributable to
stockholders of $46.29 million on $9.60 million of total revenue
during the prior year.

The Company's balance sheet at April 30, 2011, $71.97 million in
total assets, $33.39 million in total liabilities and $38.57
million in total equity.

Ernst & Young LLP, in Orange County, California, noted that
Quantum Fuel's recurring losses and negative cash flows combined
with the Company's existing sources of liquidity and other
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

                      Possible Bankruptcy

The Company anticipates that it will need to raise a significant
amount of debt or equity capital in the near future in order to
repay certain obligations owed to the Company's senior secured
lender when they mature.  As of June 15, 2011, the total amount
owing to the Company's senior secured lender was approximately
$15.5 million, which includes approximately $12.5 million of
principal and interest due under three convertible promissory
notes that are scheduled to mature on Aug. 31, 2011, and a $3.0
million term note that is potentially payable in cash upon demand
beginning on Aug. 1, 2011, if the Company's stock is below $10.00
at the time demand for payment is made.  If the Company is unable
to raise sufficient capital to repay these obligations at maturity
and the Company is otherwise unable to extend the maturity dates
or refinance these obligations, the Company would be in default.
The Company said it cannot provide any assurances that it will be
able to raise the necessary amount of capital to repay these
obligations or that it will be able to extend the maturity dates
or otherwise refinance these obligations.  Upon a default, the
Company's senior secured lender would have the right to exercise
its rights and remedies to collect, which would include
foreclosing on the Company's assets.  Accordingly, a default would
have a material adverse effect on the Company's business and, if
the Company's senior secured lender exercises its rights and
remedies, the Company would likely be forced to seek bankruptcy
protection.


QUECHAN INDIA: Fitch Affirms Government Project Bonds at 'CCC'
--------------------------------------------------------------
Fitch Ratings has affirmed the Quechan Indian Tribe's (Quechan)
gaming enterprise revenue bonds (revenue bonds) at 'B-' and the
tribe's governmental project bonds (GOs) at 'CCC'.

Fitch also assigns Recovery Ratings (RRs) of 'RR3' to the revenue
bonds and 'RR4' to the GO bonds. Fitch has withdrawn Quechan's
'CCC' Issuer Rating and assigned a 'CCC' Issuer Default Rating
(IDR).  The assignment of RRs, the withdrawal of the Issuer Rating
and the assignment of the IDR reflect Fitch's Native American
gaming criteria, dated March 18, 2011.

The Rating Outlook is Stable, which marks the first time Fitch
assigned a Stable Outlook to Quechan since 2009.  Fitch placed
Quechan on Rating Watch Negative in October 2009 amid worse than
expected operating performance of the casino enterprises and
concern over a potential covenant violation.

The Stable Outlook reflects Quechan's ability to secure amendments
for its GO and revenue bonds and the tribe's decision to
significantly cut per capita distributions in the 2011 fiscal
year.  Above measures ensure, at least in the near term, that the
tribe will avert an event of default and curb further depletion of
reserve levels.

Quechan's reserve levels began a sharp decline in fiscal 2009 as
the tribe contributed significant equity to fund its California
replacement casino amid a difficult financing environment.  Worse
than anticipated performance of the casino enterprises, high
interest cost related to the new casino's funding, and the
continuation of historically high per capita payments continued to
weigh on the tribe's liquidity.

The liquidity decline threatened the tribe's liquidity test
covenant on the GO bonds.  The test measures the tribe's net
liquidity relative to the amount of GO debt outstanding and if
violated would spring a contingency funding event, necessitating
the tribe to fund a reserve equal to the amount of GO debt
outstanding within a 90 day grace period window.  A failure to
fund the reserve within the stated window would be an event of
default.

Since the GO issuance in 2007, the tribe secured two amendments to
this covenant.  The first amendment in 2009 lowered net asset to
liabilities threshold to 0.60:1 from 1.25:1 (although it also
changed net assets definition to exclude certain less liquid
assets such as receivables).  The previous Negative Outlook in
part reflected uncertainty with respect to the tribe's ability to
secure the second amendment, which was finalized in March 2011 and
lowers the funding threshold to 0.25:1 from 0.75:1.  It steps up
to 0.50:1 in March 2014 and to 0.75:1 in March 2017.

The Stable Outlook also takes into account the tribal council's
current plans to cut the October 2011 semi-annual per capita
distribution by a greater degree relative to Fitch's prior
expectation.  This reduction, if sustained, should align the
governmental spending with the casino cash flow available for
transfer under Fitch's base case scenario.  This scenario assumes
stabilization of casino revenues in fiscal 2012 and modest growth
thereafter in the low single digit range.

The 'CCC' IDR reflects minimal cushion for any negative deviation
from Fitch's base case scenario mentioned above.  In a more
conservative scenario that assumes that gaming enterprise EBITDA
remains flat relative to lastest-12 month EBITDA through June 30,
2011 and that there are no further cuts in governmental spending,
the tribe will continue to experience declines in its reserves.
Under this scenario the tribe would again have to seek an
amendment or a waiver with respect to its GO liquidity test around
late 2013 or early 2014, when the covenant steps up.

Under a more conservative operating scenario, the tribe risks
tripping a covenant that would require funding of a contingency
reserve for the benefit of the revenue bonds and loans made by
other tribes (together with revenue bonds revenue recourse debt).
If the covenant is tripped, the tribe would have to fund the
reserve equal to 10% of revenue recourse debt outstanding over a
12-month period.  The covenant is set at 1.5 times (x) coverage of
revenue recourse debt service by EBITDA and steps up to 1.65x in
March 2014.  As of June 30, 2011, coverage was at 1.88x, but the
ratio will be pressured once the 2008 bonds begin to amortize in
2013.

The tribe was going to trigger the casino recourse debt
contingency waterfall event for the test period of March 31, 2011,
at which point the covenant was set to increase to 2.0x.  But the
tribe got an amendment in March 2011 to relax the covenants.

Upgrade and downgrade scenarios:

Ratings will likely remain stable in the near term. In 2013 it
should become evident if Quechan can meet its GO liquidity test
once it steps up in March 2014.  At that point, Fitch will
consider a Positive Outlook or an IDR upgrade to 'B-' if:

-- Casino operations are improving in line with or exceed Fitch's
    base case scenario;

-- Yuma, AZ market's economic indicators begin to stabilize
    (unemployment rate at 30% for July 2011) and the nation avoids
    a double-dip;

-- Tribal liquidity is expected to be sufficient to cover the
    liquidity test in 2014;

-- There is evidence of a sustainable alignment between available
    casino transfers and governmental needs; and

-- There is a general sense of political stability (Quechan hold
    elections for council members every two years).

Conversely, Fitch will likely place Quechan's IDR back on Negative
Watch or revise the Outlook to Negative if the above positive
rating drivers, in some combination or individually, are not
realized.

Fitch is also mindful of the bullet maturities coming due in 2015
on loans from other tribes.  Fitch will attempt to assess the
likelihood of these loans either getting rolled over or refinanced
before taking any positive rating action.

In case of positive rating momentum, the IDR will likely be capped
at the low end of the 'B' rating category for the foreseeable
future. Quechan's financial metrics will remain pressured by a
heavy debt load relative to the casino enterprises' profitability
and inherent business risk.  Ability to reduce debt levels
organically, outside of mandatory amortization, will likely remain
limited.  Quechan's debt to EBITDA leverage ratio at June 30, 2011
is 3.5x not including the GO debt and 4.3x with the GO debt, which
is on the higher end relative to other Native American gaming
issuers in Fitch's rated universe.

Revenue bonds rating downside risk is more limited:

In case conditions deteriorate and the IDR is downgraded to 'CC'
or 'C', revenue bonds may remain at 'B-'.  This is because the
revenue bonds are backed by casino revenues, whereas the GO bonds
are not.  The revenue pledge is strengthened by a trustee
controlled flow of funds that ensures the bond debt service is
paid prior to any tribal distribution.  The flow of funds is
sprung if coverage falls below 1.5x (1.65x on or after March 31,
2014 and 1.75x on or after March 31, 2017).  This mechanism allows
Fitch to partially segregate the credit risk of the casino
operations from the tribe, which has a weaker credit profile.

However, the tribal credit profile is still heavily factored into
the revenue bond ratings since significant distress on the tribal
side may potentially force the revenue bondholders to make
concessions to allow the tribe to maintain adequate liquidity and
critical governmental services.  This was evident when the revenue
bondholders agreed to revise their contingent funding covenant so
that the tribe would be able to secure its GO bond covenant
amendment and avoid a default on the GO bonds.

Recovery Ratings:

The 'RR3' assigned to the revenue bonds reflects Fitch's estimate
of strong recovery prospects in case of default and results in a
one notch positive differentiation from the IDR.  The one notch
differential also reflects a degree of separation in credit
profiles of the casino operations and the tribe.

The 'RR4' assigned to the GO bonds reflects Fitch's estimate of
average recovery prospects and results in no notching from the IDR
for the GO bonds.  Recovery ratings for Native American gaming
issuers and the underlying assumptions are discussed at length in
'Native American Gaming: Rating Methodology', dated March 18,
2011.


REDLAND 1604: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Redland 1604 Hospitality, Ltd.
        a Texas Limited Partnership
        19280 Redland Road
        San Antonio, TX 78259

Bankruptcy Case No.: 11-53154

Chapter 11 Petition Date: September 7, 2011

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

Judge: Ronald B. King

Debtor's Counsel: Rakhee V. Patel, Esq.
                  PRONSKE & PATEL, P.C.
                  2200 Ross Avenue, Suite 5350
                  Dallas, TX 75201
                  Tel: (214) 658-6500
                  Fax: (214) 658-6509
                  E-mail: rpatel@pronskepatel.com

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

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

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

The petition was signed by Somabhai I Patel, president.


RIVER BRIDGE: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: River Bridge Realty Group LTD
        455 Crook Horn Road
        Southbury, CT 06488

Bankruptcy Case No.: 11-32360

Chapter 11 Petition Date: September 12, 2011

Court: U.S. Bankruptcy Court
       District of Connecticut (New Haven)

Judge: Lorraine Murphy Weil

Debtor's Counsel: Daniel S. DiBartolomeo, Esq.
                  DIBARTOLOMEO LAW FIRM
                  203 Circle Drive
                  Bantam, CT 06750
                  Tel: (203) 797-9903
                  E-mail: atty.dibartolomeo@yahoo.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 Frank Nocito, vice president.


SCHAFFER LOGGING: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Schaffer Logging, LLC
        aka Norway Forest Products
        12397 Hwy. 42
        Myrtle Point, OR 97458

Bankruptcy Case No.: 11-64465

Chapter 11 Petition Date: September 8, 2011

Court: United States Bankruptcy Court
       District of Oregon

Judge: Frank R. Alley III

Debtor's Counsel: Julia I. Manela, Esq.
                  THE SCOTT LAW GROUP
                  497 Oakway Rd #245
                  Eugene, OR 97401
                  Tel: (541) 868-8005
                  E-mail: ecf@scott-law-group.com

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

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/orb11-64465.pdf

The petition was signed by Robert Frank Schaffer, Jr., owner.


S & A REALTY: Court Rules on A&H Motors Lease Dispute
-----------------------------------------------------
S & A Realty, Inc. seeks to reject its lease with tenant A&H
Motors, Inc., so the Debtor can sell the leasehold property to a
buyer who will then lease it and provide inventory financing to
debtor-affiliate Auto Showcase of Laurel, LLC.  S & A Realty
contends that the Tenant is in material breach of the lease
and has forfeited any rights to remain in possession under
11 U.S.C. Sec. 365(h).

A&H Motors opposes, contending that S & A Realty's and Auto
Showcase's refusal to vacate the leasehold property is a material
breach of the lease.  The Tenant also argues that, even if S & A
Realty is allowed to reject the lease, the Tenant is not subject
to forfeiture and can remain in the property under Sec. 365(h).

The parties ask the Court to resolve all of the Sec. 365(h) issues
as follows: (1) should the Court approve S & A Realty's rejection
of the lease; (2) has the Tenant forfeited its Sec. 365(h) right
to remain in the property after rejection because it breached the
lease; and (3) if the Tenant can exercise its Sec. 365(h) rights,
what is the scope of those rights?

In a Sept. 12, 2011 Memorandum of Decision, Bankruptcy Judge
Thomas J. Catliota ruled that S & A Realty may reject the lease,
the Tenant has not forfeited its Sec. 365(h) rights and may remain
in possession of the leasehold property, and that S & A Realty has
intentionally and materially breached the lease. The Court
concluded that Auto Showcase must vacate the property and allow
the Tenant to use and enjoy it in accordance with the lease.  A
copy of the Court's decision is available at http://is.gd/qcOZg7
from Leagle.com.

S & A Realty and Auto Showcase are seeking to sell the Premises
free and clear of liens for a purchase price of $1.1 million to
Lou Cohen, a friend of the Debtors' owners.  Prior to the petition
date, Mr. Cohen loaned S & A Realty $100,000 and holds a lien on
the Premises.  The parties' contract to sell includes a credit bid
for the previous $100,000 loan.  Mr. Cohen will lease the Premises
to Auto Showcase and also will provide $400,000 of financing to
Auto Showcase that will allow it to continue its car dealership
operations there.

         About S & A Realty and Auto Showcase of Laurel

S & A Realty, Inc., filed a petition for chapter 11 relief (Bankr.
D. Md. Case No. 11-13889) on Feb. 28, 2011.  It owns the property
known as 14107 Baltimore Avenue and 8307 Holly Street in Laurel,
Maryland.  The Premises consists of, among other things, a
showroom and office space in a commercially zoned building and a
parking lot suitable for the conduct and occupancy of an
automobile dealership business.

Auto Showcase of Laurel, LLC, filed a petition for chapter 11
relief (Bankr. D. Md. Case No. 09-14731) on March 29, 2009.  It
has operated a car dealership at the Premises.

S & A Realty's and Auto Showcase's bankruptcy cases are jointly
administered.  S & A Realty and Auto Showcase are 100% owned by
Sandra and Allan Landsman.

The Debtors are represented by Douglas Burns, Esq. --
burnslaw@burnslaw.algxmail.com -- at The Burns Law Firm LLC.

Each of the Debtors estimated $0 to $50,000 in assets and
$1 million to $10 million in debts.


SHENGDATECH INC: Court Approves Garden City as Claims Agent
-----------------------------------------------------------
BankruptcyData.com reports that the U.S. Bankruptcy Court approved
ShengdaTech's motion to retain Garden City Group as notice, claims
and solicitation agent.  The Court also approved the Debtors'
motion to appoint Michael Kang as chief restructuring office, and
A. Carl Mudd and Sheldon Saidman, members of the special committee
of the board of directors, as representatives authorized to act on
behalf of the Debtors.

                     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 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.


SKYWAY USA: Case Summary & 17 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: SkyWay USA LLC
        1302 Clear Springs Trace Ste 101
        Louisville, KY 40223

Bankruptcy Case No.: 11-34329

Chapter 11 Petition Date: September 7, 2011

Court: United States Bankruptcy Court
       Western District of Kentucky (Louisville)

Debtor's Counsel: Tyler Yeager, Esq.
                  SEILLER WATERMAN LLC
                  462 S. Fourth St., Suite 2200
                  Louisville, Ky 40202
                  Tel: (502) 584-7400
                  E-mail: yeager@derbycitylaw.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 17 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/kywb11-34329.pdf

The petition was signed by Dwayne Hay, member.


SMITH JONES: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Smith Jones, Inc.
        dba Midwest Manufacturing Co.
        117 W Second St.
        Stanberry, MO 64489

Bankruptcy Case No.: 11-45961

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Nancy C. Dreher

Debtor's Counsel: Clinton E. Cutler, Esq.
                  FREDRIKSON & BYRON, P.A.
                  200 South Sixth Street, Ste 4000
                  Minneapolis, MN 55402
                  Tel: (612) 492-7070
                  Fax: (612) 347-7077
                  E-mail: ccutler@fredlaw.com

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

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

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/mnb11-45961.pdf

The petition was signed by Patrick Finn, chief restructuring
officer.


SOLYNDRA LLC: Becoming Political Football on Government Investment
------------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the Solyndra LLC bankruptcy and the U.S. government's
$535 million loan is becoming the focal point of argument between
those in favor of more government investment in new power sources
and those opposed.  With help from a $535 million government-
backed loan that was partly subordinated, Solyndra developed
technology and built a plant making cylindrical solar systems for
commercial rooftops.  The Federal Bureau of Investigation raided
Solyndra's offices last week, executing a search warrant in
conjunction with the U.S. Energy Department.

                       About Solyndra LLC

Founded in 2005, Solyndra LLC is a U.S. manufacturer of solar
photovoltaic solar power systems specifically designed for large
commercial and industrial rooftops and for certain shaded
agriculture applications.  The Company had approximately 968 full
time employees and 211 temporary employees.  Solyndra has sold
more than 500,000 of its panels since 2008 and generated
cumulative sales of over $250 million.

Fremont, California-based Solyndra and affiliate 360 Degree Solar
Holdings Inc. sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Lead Case No. 11-12799) on Sept. 6, 2011.  Solyndra is at
least the third solar company to seek court protection from
creditors since August 2011.

Solyndra owed secured lenders $783.8 million, including
$527.8 million to the U.S. government pursuant to a federal loan
guarantee, and held assets valued at $859 million as of the
Petition date.  The U.S. Federal Financing Bank, owned by the U.S.
Treasury Department, is the Company's biggest lender.

In the Chapter 11 cases, the Debtors are pursuing a two-pronged
strategy to effectuate either a sale of their business to a
"turnkey" buyer who may acquire substantially all of Solyndra's
assets or, if the Debtors are unable to identify any such
potential buyers, an orderly liquidation of the Debtors' assets
for the benefit of their creditors.

Judge Mary F. Walrath presides over the Debtors' cases.  The
Debtors are represented by Pachulski Stang Ziehl & Jones LLP as
legal adviser.


SOURCEGAS LLC: Fitch Assigns Initial 'BB+' Issuer Default Rating
----------------------------------------------------------------
Fitch Ratings has assigned an initial 'BB+' Issuer Default Rating
(IDR) to SourceGas LLC (SGL).  Fitch has also assigned a 'BBB-'
rating to the issuer's senior unsecured debt obligations.  The
Rating Outlook is Stable.  Approximately $505 million of debt is
affected by today's action.

Key Rating Drivers

Low Business Risk: SGL's ratings reflect the low risk business
profile of its regulated gas distribution utility operations.  SGL
operates, through its subsidiaries, in Colorado, Nebraska,
Wyoming, and Arkansas, serving nearly 410,000 customers with
17,700 miles of distribution, gathering and transmission pipeline
and storage facilities, as well as ancillary, energy-related
services.  Commodity costs are passed through to customers via
recovery mechanisms.  And while rates are not fully decoupled,
efforts to put in place such rate structures are ongoing, with
fixed charges currently representing 35% to 40% of utility
revenues depending on the jurisdiction.

Relatively High Leverage: SGL is highly levered relative to other
mid sized gas utility companies as is its parent SourceGas
Holdings.  Financial metrics nevertheless are within the range for
the rating category with debt to earnings before interest, taxes,
depreciation and amortization (EBITDA) expected to be under 5
times (x) for 2011 and over the three year forecast period.  Over
the same period, funds flow from operations (FFO) to debt is
expected to be in the range of 15% - 16%.  This assumes modest
annual meter growth of approximately 1% driven primarily by
propane conversions and includes the capital investment required
for such growth.

Manageable Commodity Exposure: All of the utilities have gas cost
recovery mechanisms in place with adjustments quarterly in
Wyoming, semi-annually in Arkansas, and annually in Colorado and
Nebraska.  Generally, under- or over- collections from customers
are reconciled on an annual basis.  In addition, SGL is authorized
in Arkansas, Colorado and Wyoming to engage in hedging activities
to mitigate commodity cost and volume risks, the costs of which
also flow through the gas cost recovery mechanisms.

Strategic Focus: Management changes in recent years have brought
an experienced team which is focused on managing regulatory
relationships to reduce lag and support greater predictability of
financial performance.  Results thus far in this effort are
supportive of the ratings and Stable Outlook, and continuing
progress, particularly on regulatory front, will be a key rating
driver.

Rating Triggers

Going forward, SGL's ratings could be positively impacted by
reductions in leverage and improvement in coverage metrics,
although such improvement is expected to be limited given the
ownership structure and parent level debt.  At the same time, any
significant increase in debt levels or deterioration in operating
performance due to adverse regulatory outcomes or other factors,
could lead to negative rating action.

Recent Developments

Second quarter results reflected continued improvement in
operating performance for SGL.  Operating EBITDA for the latest 12
months (LTM) period ended June 30, 2011 was $109 million with debt
to EBITDA of 4.6x and EBITDA interest coverage of 4.1x. FFO was
also solid for the period covering interest 3.4x while FFO/debt
was 18%.

Liquidity and Capital Resources

Liquidity is adequate given SGL's seasonal borrowing requirements
as well as planned capital expenditures.  SGL's capital structure
includes $325 million of senior notes due 2017, a $125 million
five-year term loan due 2013, and a $130 million revolving credit
facility which expires in 2012.  At June 30, SGL had borrowings
outstanding under the revolving credit facility of $55.8 million,
with minimal cash on hand.  It is expected that SGL will continue
to use the revolver to fund the portion of capex that is not met
by internally generated funds after distributions to its owner.
Fitch would anticipate the revolver being renewed in the near term
given its maturity and market conditions.

Fitch has assigned the following ratings:

SourceGas LLC

-- Long-term IDR, 'BB+';
-- Senior unsecured senior notes, 'BBB-';
-- Senior unsecured revolving credit facility, 'BBB-';
-- Senior unsecured term loan, 'BBB-'.


SOUTH OF THE STADIUM: Plan Outline Hearing Set for Oct. 19
----------------------------------------------------------
South of the Stadium I, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of Texas a plan of reorganization and
disclosure statement dated Sept. 2, 2011.

The Plan provides for the classification and treatment of Claims
and Interests against or in the Debtor:

  * Unclassified claims include administrative and priority tax
    claims.  An administrative claim will become allowed to the
    extent allowed by the court.  Allowed priority tax claims
    will be paid in full on or before Jan. 31, 2012.

  * Allowed Class 2 Secured Tax Claims will attach to the
    Providence Property.

  * Class 3 Providence Bank Secured Claim will be allowed for
    $9.8 million plus accrued interests, fees and costs.  The
    Claim will be paid in full on the Effective Date by the
    transfer by special warranty of title to the Providence
    Property from the Debtor to Providence Bank.

  * Class 4 One Prime Secured Claim will be allowed for
    $4.7 million plus accrued interests, fees, and costs.

  * Class 5 General Unsecured Claims will receive a pro rata
    share of $10,000 cash within 30 days of the Effective Date.
    The cash will be contributed by the sole member of the
    Debtor, MMM Venture, LLC.

  * Class 6 Interests in the Debtor will be extinguished on the
    Effective Date.

All consideration distributed under the Plan will be in exchange
for, settlement, discharge and release of all Claims and Interests
in the Debtor.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/SOUTHOFSTADIUM_DSSep2.PDF

The Bankruptcy Court will consider the adequacy of the Disclosure
Statement in a hearing set for Oct. 19, 2011.

                 About South of the Stadium I, LLC

South of the Stadium I, LLC, in Carrollton, Texas, filed a Chapter
11 petition (Bankr. N.D. Tex. Case No. 11-43278) on
June 6, 2011.  Debtor-affiliates 261 CW Springs LTD (Bankr. N.D.
Tex. Case No. 11-33757), WS Minerals LLC (Bankr. N.D. Tex. Case
No. 11-43273), and WS Mineral Holdings LLC (Bankr. N.D. Tex. Case
No. 11-43290) also filed on the same day.  Judge D. Michael Lynn
presides over the cases.  Richard W. Ward, Esq. --
rwward@airmail.net -- Plano, Texas, serves as the Debtors'
bankruptcy counsel.

South of the Stadium I, WS Minerals LLC, and WS Mineral Holdings
LLC each estimated assets and debts of $10 million to $50 million
in their petitions.  261 CW Springs estimated assets and debts of
$1 million to $10 million in its petition.  The petitions were
signed by Jeff Shirley, authorized representative.


SPIRIT FINANCE: Moody's Affirms 'Caa1' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed the corporate family rating of
Spirit Finance Corporation at Caa1 and its senior secured term
rating at Ca. The rating outlook was revised to stable, from
negative.

RATINGS RATIONALE

This rating action reflects Spirit's consistent compliance with
its term loan covenants throughout the downturn (despite
relatively thin cushion at certain times), as well as the recent
debt paydown which, in Moody's view, will help Spirit remain in
compliance within the stated covenant limits going forward. The
outlook revision also takes into consideration Spirit's stable
operating performance with occupancies in excess of 95% despite
the recent recession. Finally, Moody's positively views the
conversion option received by Spirit as a result of executing the
third amendment to its senior secured term loan. The option allows
Spirit Finance to convert a portion of its term loan into equity
upon completion of a qualifying IPO within an 18-month period.
Moody's believes that this option paves the way for Sprit Finance
to refinance its term loan which matures in August 2013, although
the final resolution remains speculative and dependent on the
unpredictable IPO market.

The stable rating outlook reflects Spirits well-diversified
portfolio, long-term leases and master lease structures.

Positive rating movement would be driven by increased visibility
into the resolution of the term loan maturity.

Negative rating pressure would most likely result from failure to
make progress in addressing the term loan coming due or from
renewed pressure on covenants.

These ratings were affirmed with a stable outlook:

Spirit Finance Corporation -- corporate family rating at Caa1;
senior secured term loan at Ca

Moody's last rating action with respect to Sprit Finance was on
June 16, 2010 when Moody's affirmed its ratings and maintained the
rating outlook at negative.

Spirit Finance Corporation, headquartered in Phoenix, Arizona, is
a REIT that acquires single-tenant, operationally essential real
estate throughout United States to be leased on a long-term,
triple-net basis to retail, distribution and service-oriented
companies.

The principal methodology used in this rating was Global Rating
Methodology for REITs and Other Commercial Property Firms
published in July 2010. Please see the Credit Policy page on href="www.moodys.com;" target=_new>http://www.moodys.com">www.moodys.com;for a copy of
this methodology.


SPOKANE HOME: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Spokane Home Healthcare, Inc.
          dba Idaho Home Medical
          fdba Columbia Home Medical
        1309 W. 1st Avenue
        Spokane, WA 99201

Bankruptcy Case No.: 11-04445

Chapter 11 Petition Date: September 9, 2011

Court: U.S. Bankruptcy Court
       Eastern District of Washington (Spokane/Yakima)

Debtor's Counsel: Kevin O'Rourke, Esq.
                  SOUTHWELL & O'ROURKE
                  421 W. Riverside Avenue, Suite 960
                  Spokane, WA 99201
                  Tel: (509) 624-0159
                  Fax: (509) 624-9231
                  E-mail: kevin@southwellorourke.com

Scheduled Assets: $2,653,863

Scheduled Debts: $1,828,835

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

The petition was signed by Wayne Setzer, president.


SRA INTERNATIONAL: S&P Assigns 'B' Corporate Credit Rating
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Fairfax, Va.-based government contractor SRA
International Inc. The outlook is stable.

"At the same time, we assigned a 'B' issue-level rating and a '3'
recovery rating to SRA's proposed $975 million first-lien
facilities, consisting of a $100 million revolver due 2016 and a
$875 million term loan due 2018. The '3' recovery rating indicates
our expectations for meaningful (50%-70%) recovery in the event of
payment default," S&P stated.

"We also assigned a 'CCC+' issue-level rating a '6' recovery
rating to the company's proposed $400 million of senior notes due
2019. The '6' recovery rating indicates our expectations for
negligible (0%-10%) recovery in the event of a payment default,"
S&P related.

The company used the proceeds to partially fund the purchase of
SRA from existing shareholders in an LBO transaction.

"The ratings on SRA reflect our view that the company will be able
to support its significant debt burden with consistent cash
flows," said Standard & Poor's credit analyst David Tsui, "and
that its revenue diversification provides support in a tight
budgetary environment for defense spending."


SW BOSTON: Has Until Today to Contest Perfection of Liens
---------------------------------------------------------
The Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the
District of Massachusetts approved the stipulation extending until
today, Sept. 15, 2011, the deadline for SW Boston Hotel Venture
LLC, et al., and the Official Committee of Unsecured Creditors to
contest the perfection of the liens and security interests granted
prudential under the Prudential Loan Agreement.

The stipulation was entered among The Prudential Insurance Company
of America on behalf of and solely for the benefit of, and with
its liability limited to the assets of, its insurance company
separate account, PRISA, the Committee, and the Debtors.

Prudential is represented by:

         Emanuel C. Grillo, Esq.
         Meagan Costello, Esq.
         GOODWIN PROCTER, LLP
         The New York Times Building
         620 Eighth Avenue
         New York, NY 10018
         Tel: (212) 813-8800
         E-mail: mcostello@goodwinprocter.com

The Committee is represented by:

         Bruce F. Smith, Esq.
         Steven C. Reingold, Esq.
         Michael J. Fencer, Esq.
         Brendan C. Recupero, Esq.
         JAGER SMITH P.C.
         One Financial Center
         Boston, Massachusetts 02111
         Tel: (617) 951-0500
         E-mail: brecupero@jagersmith.com

                      About SW Boston Hotel

Boston, Massachusetts-based SW Boston Hotel Venture LLC is the
Owner of the W Hotel in Boston.  The Company filed for Chapter
11 bankruptcy protection (Bankr. D. Mass. Case No. 10-14535) on
April 28, 2010.  Harold B. Murphy, Esq., and Natalie B. Sawyer,
Esq., at Hanify & King, P.C., is the Debtors' bankruptcy counsel.
Edwards Angell Palmer & Dodge LLP is the Company's special
counsel.  The Company estimated its assets and debts at
$100 million to $500 million.

SW Boston was authorized by the bankruptcy judge on May 24, 2011,
to sell the hotel portion of the project for $89.5 million,
without an auction.


SYMPHONY 44: Case Summary & 13 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Symphony 44 Cleaners Inc.
        245 East 44th Street
        New York, NY 10017

Bankruptcy Case No.: 11-14216

Chapter 11 Petition Date: September 7, 2011

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

Judge: Allan L. Gropper

Debtor's Counsel: Eric S. Medina, Esq.
                  MEDINA LAW FIRM LLC
                  The Chrysler Building
                  405 Lexington Avenue, Seventh Floor
                  New York, NY 10174
                  Tel: (212) 404-1742
                  Fax: (888) 833-9534
                  E-mail: emedina@medinafirm.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 13 largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/nysb11-14216.pdf

The petition was signed by Young Cho, president.


TAO-SAHI: Files Disc. Statement for Plan, Hearing Set for Oct. 26
-----------------------------------------------------------------
Tao-Sahi LP submitted to the U.S. Bankruptcy Court for the Western
District of Texas, San Antonio Division, a disclosure statement
dated Sept. 9, 2011, in support of its First Amended Plan of
Reorganization.

The Court will convene a hearing on Oct. 26, 2011, at 9:30 a.m.,
to consider adequacy of the Disclosure Statement.

The Disclosure Statement reveals that funding for the Plan
payments will be from the Reorganized Debtor's operations,
recoveries from the August 2011 adversary complaint the Debtor
commenced against Specialty Finance Group LLC, and a $500,000
contribution from the Debtor's current or new interest holders.

The Plan classifies claims and interests against the Debtor:

  * Class 1 Secured Claims of Taxing Authorities and Class 1(a)
    Allowed Priority Tax Claims will be paid in full in 60 equal
    installments.

  * Class 2 Allowed Non-Tax Priority Claims will be paid in full
    without interest one month after the Effective Date.

  * Class 3 Secured Claim of S2 Acquisition, LLC, will be paid
    as follows: The Debtor will make monthly interest-only
    payments under the S2 Acquisition Note at the non-default
    interest rate for 12 mos. after the Effective Date.
    Thereafter, the Debtor will make monthly payments of
    principal, at a 25-year amortization, plus interest at the
    non-default rate.  The remaining portion of the Allowed
    Secured Claim owed to S2 Acquisition will be paid within 30
    days of the 10th anniversary of the Effective Date.

    Until such time as the Claims of S2 Acquisition become
    Allowed Claims, the Reorganized Debtor will continue to make
    monthly payments only to S2 Acquisition for $40,170 only, as
    agreed by S2 Acquisition as adequate protection payments
    under the Cash Collateral Order.

  * Class 4 General Unsecured Claims will be paid in quarterly
    payments within two to five years of the Plan Effective Date,
    depending on the amount of the claim.  Class 4(a) Convenience
    Class Claims will receive 75% of their Allowed Unsecured
    Claims, without interest, within 30 days of the Effective
    Date.

  * Class 5 Limited Partner Loan Claims and Class 6 Subordinated
    Claims of TAO Development will receive no distributions on
    their claims until all allowed claims in Classes 1, 1(a), 2,
    4 and 4(a) are paid in full.

  * None of the Class 7 Equity Interest holders of the Debtor
    will retain any Equity Interest in the Reorganized Debtor.
    In exchange for the New Equity Contribution, each holder of
    an Equity Interest in the Debtor's partnership will retain
    its partnership interest in the Reorganized Debtor.

The business of the Reorganized Debtor will continue to be managed
by its general partner, TAO Development, through Clayton  Isom and
Rashid Al-Hmoud, CEO and CFO of TAO Development.  TAO Development
will continue to receive its asset management fee of 1.5% of gross
revenue of the Reorganized Debtor to defray its overhead and
expenses.  The Debtor will assume the existing management
agreement with HMC Hospitality Operating Company for operation of
the Hotel.  Staffing for the Hotel will continue to be provided by
Corporate Solutions and the Republic Entities.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/TAOSAHI_DSSept9.PDF

                           About Tao-Sahi

Tao-Sahi LP owns the Holiday Inn NW - Seaworld in San Antonio,
Texas.  Tao-Sahi has no employees.  The Hotel is managed under
contract with an independent management company.  Tao-Sahi filed
for Chapter 11 bankruptcy (Bankr. W.D. Tex. Case No. 11-52027) on
June 7, 2011, to stay foreclosure of the hotel and restructure its
debts.  Judge Ronald B. King presides over the case.  Marvin E.
Sprouse, III, Esq., and Jack Skaggs, Esq., at Jackson Walker LLP,
in Austin, Tex., serve as bankruptcy counsel.  Bolton Real Estate
Consultants, Ltd., serves as the Debtor's appraiser.  In its
Schedules, the Debtor disclosed $24,735,728 in assets and
$20,584,065 in debts.  The petition was signed by Clayton Isom,
CEO of Tao Development Group, LLC, general partner.

S2 Acquisition LLC, an opportunity fund associated with Square
Mile Capital Management in New York, acquired the hotel debt from
the failed Silverton Bank.  S2 Acquisition is represented by Tom
Rogers, Esq., and Shari L. Heyan, Esq., at Greenberg Traurig.


TOWNSEND CORPORATION: Case Summary & Creditors List
---------------------------------------------------
Debtor: Townsend Corporation
          dba Land Rover Jaguar Anaheim Hills
        5425 E. La Palma Avenue
        Anaheim, CA 92807

Bankruptcy Case No.: 11-22690

Chapter 11 Petition Date: September 9, 2011

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

Judge: Robert N. Kwan

Debtor's Counsel: Martin J. Brill, Esq.
                  LEVENE, NEALE, BENDER, RANKIN & BRILL LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  E-mail: mjb@lnbrb.com

                         - and -

                  Todd M. Arnold, Esq.
                  LEVENE, NEALE, BENDER, RANKIN & BRILL LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  E-mail: tma@lnbrb.com

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

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

The petition was signed by Ernest W. Townsend, IV, president.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Land Rover North America           Chargeback           $1,972,672
555 MacArthur Boulevard
Mahwah, NJ 07430

Land Rover North America - Parts   --                     $749,640
P.O. Box 674266
Detroit, MI 48267

Enterprise Rent a Car (AH)         --                      $82,575
22921 Savi Ranch Parkway
Yorba Linda, CA 92887

Unipart North America(Jaguar Parts)--                      $54,296

American Express                   --                      $37,911

Sentry Insurance Company           --                      $36,815

Blue Shield California             --                      $26,943

Land Rover North America - Rotunda --                      $21,087

Thomas McNerney                    --                       $9,600

Jerry DeSouza                      --                       $7,700

Shell                              --                       $6,487

Autotrader.com LLC                 --                       $6,450

City of Anaheim                    --                       $6,034

The Siegmann Family Trust          --                       $5,640

Jay Allen                          --                       $5,078

LBA/Met Partners                   --                       $4,800

On-Line Administrators Inc.        --                       $4,627

Christopher Williams               --                       $4,320

SKS, Inc.                          --                       $3,967

Sandy Holguin                      --                       $3,500


TRADE UNION: Can Use Cash Collateral of Bank Group Thru Sept. 16
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
approved the stipulation of Trade Union International, Inc., and
Duck House, Inc., with Cathay Bank and China Trust Bank for an
extension of the period by which the Debtors can use the Bank
Group's cash collateral through Sept. 16, 2011, subject to an
extended budget.

Cathay Bank is the agent for the Bank Group.  As of the Petition
Date, the Bank Group was the Debtors' largest secured creditor and
asserts a security interest over substantially all the assets of
the Debtors.

                         About Trade Union

Montclair, California-based Trade Union International Inc.
supplies aftermarket aluminum alloy wheels and wheel and truck
accessories.  It filed for Chapter 11 bankruptcy protection on
January 31, 2011 (Bankr. C.D. Calif. Case No. 11-13071).  James C.
Bastian, Jr., Esq., at Shulman Hodges & Bastian LLP, in Irvine,
Calif., serves as the Debtor's bankruptcy counsel.  In its
schedules, the Debtor disclosed $11,350,971 in assets and
$19,826,869 in liabilities.

Affiliate Duck House, Inc., a California corporation, filed a
separate Chapter 11 petition on January 27, 2011 (Bankr. C.D.
Calif. Case No. 11-13072).  Duck House, Inc., specializes is
designing products for sports enthusiasts.

Trade Union and Duck House are each owned one-half by Wen Pin
Chang and one-half by Mei Lien Chang.


TRADEWINDS INVESTMENTS: Case Summary & Creditors List
-----------------------------------------------------
Debtor: Tradewinds Investments, LLC
        P.O. Box 1928
        Flagstaff, AZ 86002

Bankruptcy Case No.: 11-25676

Chapter 11 Petition Date: September 7, 2011

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

Judge: Redfield T. Baum, Sr.

Debtor's Counsel: Pernell W. McGuire, Esq.
                  DAVIS MILES, PLLC AND MCGUIRE GARDNER,
                  A DIVISION OF DAVIS MILES, PLLC
                  320 N. Leroux Street, Suite A
                  Flagstaff, AZ 86001
                  Tel: (928) 779-1173
                  Fax: (877) 715-7366
                  E-mail: pmcguire@davismiles.com

Scheduled Assets: $978

Scheduled Debts: $6,744,367

A list of the Company's six largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/azb11-25676.pdf

The petition was signed by Leo Crowley, manager.

TRANSDIGM INC: S&P Affirms 'B+' Corporate Credit Rating
-------------------------------------------------------
Standard & Poor's Rating Services affirmed its ratings, including
the 'B+' corporate credit rating, on Cleveland, Ohio-based
TransDigm Inc. and revised the outlook to stable from negative.
"We also affirmed our 'BB-' issue-level rating on the
company's secured credit facility and 'B-' rating on its
subordinated notes -- the '2' and '6' recovery ratings,
respectively, remain unchanged," S&P related.

"The outlook revision is based on our expectation that TransDigm's
debt to EBITDA will be at or below 5.5x by calendar year-end
2011," said Standard & Poor's credit analyst Christopher DeNicolo.
"The ratings reflect our expectation that the company's very
strong profit margins, growing earnings, and improving commercial
aerospace market conditions, combined with contributions from
recently acquired McKechnie Aerospace Holdings Inc., will enable
TransDigm to reduce leverage and restore credit measures to levels
more appropriate for the rating during the next 12 to 18 months,
including total debt to EBITDA declining to about 5x. We believe
TransDigm has the ability to reduce leverage more quickly by using
its relatively strong free cash flow for debt reduction, but view
this as unlikely given the company's strategy to make frequent
acquisitions funded partly with free cash flow."

"Key credit protection measures have fluctuated over the years,
and they were better than average for the rating before the
company's October 2009 $400 million debt-financed dividend. We
view TransDigm's business risk profile as fair, stemming from its
participation in the cyclical and competitive commercial aerospace
industry, partly offset by efficient operations, very high profit
margins, well-established positions in niche markets for highly
engineered aircraft components, and good product diversity. We
view its financial risk profile as highly leveraged," S&P stated.

"The outlook is stable. We expect improving commercial aerospace
conditions combined with earnings from McKechnie to restore credit
metrics to levels more appropriate for the rating over the next 12
to 18 months, including debt to EBITDA around 5x," S&P said.

"We could lower ratings if total debt to EBITDA rises above 6x for
a sustained period -- most likely caused by increased debt to fund
acquisitions or shareholder rewards, but could also be caused by
deterioration in commercial aftermarket conditions," Mr. DeNicolo
continued. "We don't anticipate raising the ratings over the next
year unless management commits to a more-conservative financial
policy, with debt to EBITDA staying below 4x."


TWO HEARTS: Case Summary & 7 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Two Hearts United of South Florida, LLC
        13550 SW 88 Street, Suite 230
        Miami, FL 33186

Bankruptcy Case No.: 11-35278

Chapter 11 Petition Date: September 12, 2011

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

Judge: Laurel M. Isicoff

Debtor's Counsel: Jacqueline Calderin, Esq.
                  EHRENSTEIN CHARBONNEAU CALDERIN
                  501 Brickell Key Drive, #300
                  Miami, FL 33131
                  Tel: (305) 722-2002
                  Fax: (305) 722-2001
                  E-mail: jc@ecccounsel.com

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

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

A list of the Company's seven largest unsecured creditors filed
together with the petition is available for free at:
http://bankrupt.com/misc/flsb11-35278.pdf

The petition was signed by Maria E. Zirkle, member.


UNLIMITED LOCATIONS: Case Summary & 12 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Unlimited Locations LLC
        8 Iroquois Court
        Colts Neck, NJ 07722-1821

Bankruptcy Case No.: 11-36457

Chapter 11 Petition Date: September 7, 2011

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Michael B. Kaplan

Debtor's Counsel: Joseph M. Rasa, Esq.
                  THE LAW OFFICES OF JOSEPH M. RASA, LLC
                  565 Newark Pompton Turnpike
                  Pompton Plains, NJ 07444
                  Tel: (973) 831-8800
                  Fax: (973) 839-8440
                  E-mail: jrasa@rasa-law.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 12 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/njb11-36457.pdf

The petition was signed by Justin Sallusto, member.


WASHINGTON MUTUAL: Court Rejects Revised Plan, Wants Mediation
--------------------------------------------------------------
Judge Mary F. Walrath on Tuesday denied confirmation of Washington
Mutual Inc.'s Modified Sixth Amended Joint Plan, filed on March
16, 2011, as modified on March 25, 2011.  Judge Walrath also
granted the official equity committee's motion for standing to
prosecute claims for equitable disallowance but stayed the ruling
pending mediation.

Judge Walrath scheduled a status hearing for Oct. 7, 2011, at
11:30 a.m. to consider the issues to be referred to a mediator.

WaMu, according to Bloomberg News, issued a statement Sept. 13
saying it would seek confirmation of a revised plan "as soon as
practicable."

The Plan proposes to pay more than $7 billion to creditors and
incorporates a global settlement agreement resolving issues among
the Debtors, JPMorgan Chase, the Federal Deposit Insurance Corp.
in its corporate capacity and as receiver for Washington Mutual
Bank, certain large creditors, certain WMB senior noteholders, and
the creditors' committee.  The Settlement Noteholders are
Appaloosa Management, L.P., Aurelius Capital Management LP,
Centerbridge Partners, LP, and Owl Creek Asset Management, L.P.

The Equity Committee, the putative holders of Trust Preferred
Securities, holders of Litigation Tracking Warrants, certain WMB
Noteholders, Normandy Hill Capital L.P., and several individual
shareholders and creditors object to the revised plan.

A consortium of TPS holders questioned the Court's jurisdiction to
enter a final order on confirmation, saying that to confirm the
Plan, the Court must decide the estate's claims against JPMorgan
and the FDIC, over which only an Article III court has
jurisdiction.  The consortium also pointed to the U.S. Supreme
Court's ruling in Stern v. Marshall, 131 S. Ct. 2594, 2609 (2011).

The Equity Committee argued that intervening events have occurred
which require reconsideration of the Court's decision in January
approving the global settlement agreement.

In a 139-page opinion, Judge Walrath held the Bankruptcy Court has
jurisdiction over the global settlement agreement and confirmation
of the Plan.  Judge Walrath said the Stern v. Marshall decision
does not support the TPS Consortium's contention.

Judge Walrath also affirmed her previous order on the GSA, saying
the settlement provides a reasonable resolution in light of the
possible results of a multiple complex litigation, the likely
difficulties in collection, the expense inherent in any further
delay, and the paramount interests of the stakeholders. The judge
noted that continuing the litigation on the disputed claims
subject to the GSA will cause at least a 3 to 4 year delay in any
distribution to creditors, increase post-petition interest and
professional fees (which are currently running at the monthly rate
of $30 million and $10 million, respectively), and involve complex
issues including sovereign immunity (affecting even whether
discovery could be taken of the government agents), pre-emption,
and jurisdiction.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- was the 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 Bankruptcy Court entered a 107-page opinion
determining that the global settlement agreement, among certain
parties including WMI, the Federal Deposit Insurance Corporation
and JPMorgan, upon which the Plan is premised, and the
transactions contemplated therein, are fair, reasonable, and in
the best interests of WMI.  However, 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 filed a Modified Sixth Amended Joint Planand a
related Supplemental Disclosure Statement, which it believes would
address the Bankruptcy Court's concerns.

Carolyn Cairns was appointed as mediator in the WaMu proceedings.


WELLINGTON AND PULASKI: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: Wellington and Pulaski Condominium Association, Inc
        1751-D West Howard St.
        Chicago, IL 60626

Bankruptcy Case No.: 11-36454

Chapter 11 Petition Date: September 7, 2011

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Pamela S. Hollis

Debtor's Counsel: Adam S Tracy, Esq.
                  ADAM S TRACY LTD
                  552 S. Washington St., Suite 117
                  Naperville, IL 60540
                  Tel: (630) 536-8703
                  Fax: (630) 689-9471
                  E-mail: at@tracyfirm.com

Estimated Assets: $0 to $50,000

Estimated Debts: $0 to $50,000

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

The petition was signed by James Reed, president.


WEST END FINANCIAL: Files Liquidating Chapter 11 Plan
-----------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that
Bankrupt fund adviser West End Financial Advisors LLC filed a
liquidating Chapter 11 plan and explanatory disclosure statement
on Aug. 31.  If approved by creditors and the bankruptcy court in
New York, creditors will be paid in the order of priority outlined
in bankruptcy law.

According to the report, there are three secured creditors with
claims aggregating about $13 million.  West End believes that the
security interest for a $5 million claim is invalid, according to
the disclosure statement.

The report relates that there are $13 million in general unsecured
creditor claims and $67 million in unsecured investor claims.  The
investors' claims will be treated as claims rather than equity and
share pro rata with general creditors.

Mr. Rochelle discloses that under the plan, valid secured claims
will be paid with five-year, interest-bearing secured notes.  The
notes can be paid before maturity.  One secured claim, for
$1.7 million, will be paid in full if the lender receives
$1 million by March.

Mr. Rochelle notes that the investment portfolio was hedged.  The
plan presumes that the investments will be collected over time to
avoid a $12 million penalty for swap termination, the disclosure
statement says.  The secured claims are to be paid over time to
avoid the swap-breakage fees.

The plan would create a trust to pursue lawsuits and distribute
proceeds to creditors.  In July the bankruptcy judge ruled that
West End should be substantively consolidated with affiliates.
Consequently, unsecured creditors of all the companies
presumptively would receive the same percentage distribution.

                     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).


WRIGHTWOOD CONDOMINIUMS: Case Summary & 3 Largest Unsec Creditors
-----------------------------------------------------------------
Debtor: Wrightwood Condominiums, LLC
        6124 North Broadway, #5S
        Chicago, IL 60660

Bankruptcy Case No.: 11-36683

Chapter 11 Petition Date: September 8, 2011

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Jack B. Schmetterer

Debtor's Counsel: Gregory K. Stern, Esq.
                  GREGORY K. STERN, P.C.
                  53 West Jackson Blvd., Suite 1442
                  Chicago, IL 60604
                  Tel: (312) 427-1558
                  Fax: (312) 427-1289
                  E-mail: gstern1@flash.net

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

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

A list of the Company's three largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ilnb11-36683.pdf

The petition was signed by Sophie Bialkowski, managing member.


ZIVILI DEVELOPMENT: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Zivili Development Corporation
        dba Jeffries Landing
        1440 Riverside Drive
        Beaver, PA 15009

Bankruptcy Case No.: 11-25689

Chapter 11 Petition Date: September 9, 2011

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Judith K. Fitzgerald

Debtor's Counsel: Christopher A. Boyer, Esq.
                  THE LAW OFFICE OF CHRISTOPHER A. BOYER
                  2520 Mosside Boulevard
                  Suite 4A, Second Floor
                  Monroeville, PA 15146
                  Tel: (412) 372-2529
                  E-mail: boyerlaw@hotmail.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/pawb11-25689.pdf

The petition was signed by Jeffrey Snyder, president.


* Despite Ch. 11 Woes, Sun Still Shines on US Solar
---------------------------------------------------
Samuel Howard at Bankruptcy Law360 reports that August saw a surge
in bankruptcies among U.S. solar panel manufacturers, but the
failures are not an epitaph for the U.S. industry, just the
reflection of a new phase where viable companies must contend with
prevalent, affordable and efficient Chinese panels, according to
attorneys.


* Liquidity Downgrades Exceed Upticks 2 Months in a Row
-------------------------------------------------------
Bill Rochelle, the columnist for Bloomberg News, reports that
liquidity downgrades for junk-rated companies in August exceeded
upgrades for a second month in a row, the first time there have
been back-to-back increases in more than two years, Moody's
Investors Service said.  Moody's liquidity-stress index
nonetheless remained flat at 3.9% because most downgrades were
among higher-rated companies, Moody's said. The index measures the
percentage of junk-rated companies with the weakest liquidity
scores.  The liquidity-stress index is a fraction of its 20.9%
high in March 2009, Moody's said.


* Small-Business Confidence Dips to Lowest Level Since July 2010
----------------------------------------------------------------
Dow Jones' DBR Small Cap reports that small-business owner
confidence fell to its lowest level in just over a year, according
to data.


* FDIC Wants Riskiest Firms' 'Living Wills' By July
---------------------------------------------------
Evan Weinberger at Bankruptcy Law360 reports that the Federal
Deposit Insurance Corp. on Tuesday gave the largest, most
systemically important financial companies until July to provide
so-called living wills, detailed plans on how to divide up their
assets if they fail.

Law360 relates that the interim final rule will require major
nonbank financial institutions, like insurance companies and
investment banks, and bank holding companies, to provide living
wills to regulators so they can quickly unwind a failed
institution's operations with minimal ripple effects on the
broader financial system.


* Lawmakers Consider Banning Bankruptcy "Forum Shopping"
--------------------------------------------------------
Katy Stech, writing for Dow Jones' Daily Bankruptcy Review,
reported that lawmakers on a House Judiciary subcommittee --
listening to a panel of academics, legal professionals and a
bankruptcy judge -- earlier this month explored whether banning
the practice of corporate bankruptcy "forum shopping" would give a
voice to lower-profile stakeholders in bankruptcy cases, including
employees, businesses owed small sums of money and retirees.

According to DBR, the rule would remove the language loophole that
allows companies to file for bankruptcy protection where they're
incorporated or where they operate much-smaller affiliates. If
passed, corporations would have to file in a court near their
principal place of business or where most of their assets are
located.

Democratic Rep. John Conyers Jr. of Michigan filed the legislation
along with co-sponsor Republican Rep. Lamar Smith of Texas.

According to DBR, Judge Frank J. Bailey of the U.S. Bankruptcy
Court in Boston, said the ability of "iconic" companies to pick
their bankruptcy court "undermines confidence in the process."
Judge Bailey counted more than 30 Massachusetts companies --
including camera maker Polaroid Corp. and solar panel manufacturer
Evergreen Solar Inc. -- that have sought protection outside the
commonwealth's courts since 2000.  By his estimate, those
corporations employed 30,000 workers all told.

DBR notes the proposal has left lawmakers trying to figure out
just how problematic it would be for bankruptcy judges in far-
flung courts unaccustomed to handling high-profile cases to sort
out a major company's financial problems.  The report also relates
some bankruptcy-law academics have speculated if eliminating forum
shopping would lead to an escalation of bankruptcy costs, which
could ultimately cut into the money that creditors would recover.

According to DBR, Democratic Rep. John Carney of Delaware defended
forum shopping, likening it to a patient who seeks out a top
surgeon to execute a major medical procedure.  Mr. Carney was in
attendance but unable to officially speak at the hearing because
he's not a member of the subcommittee.  He attended out of concern
for his district, where hundreds of legal professionals are on
edge, the report says.  He gave comments after the hearing.

"Creditors can get left behind when cases are filed in a remote
court," said Peter Califano, a San Francisco bankruptcy attorney
who spoke for the Commercial Law League of America advocacy group,
DBR relates.

DBR notes the proposal's lone critic at the hearing, University of
Pennsylvania Law School professor David Skeel, called the change
"an enormous but well-intentioned mistake."  He argued that
concerns over creditor protections were overblown and that judges
in the two main courts have expertise that makes the process
efficient.

"Most small creditors don't want to be active in a case," Prof.
Skeel said. "It takes time and often money."

DBR relates Rep. Trey Gowdy (R., S.C.) challenged Prof. Skeel to
identify bankruptcy judges outside of New York and Delaware who
lack experience to handle major cases.  Later, Judge Bailey
defended his colleagues.

DBR further notes that though the proposal has secured sponsors
from both political parties, it's unclear whether there's enough
legislative interest in the matter for it to pass.  The hearing
only attracted a handful of lawmakers on the Judiciary
Subcommittee on Courts, Commercial and Administrative Law.
Subcommittee Chairman Howard Coble (R., N.C.) had to delay the
start until enough lawmakers showed up to create a quorum.


* Bankruptcy Expert Elizabeth Warren to Run for U.S. Senate
-----------------------------------------------------------
Frank Phillips, writing for The Boston Globe, reports that Harvard
Law School professor and Wall Street critic Elizabeth Warren will
officially announce her run for the U.S. Senate Thursday morning
against Republican incumbent Scott Brown.

The Globe relates that a senior campaign adviser has confirmed to
the news agency that Ms. Warren will launch her candidacy by
greeting voters across the state, beginning with a morning visit
to a Boston MBTA station.  She will then head to New Bedford,
Framingham, Worcester, and Springfield, making similar appearances
shaking hands and greeting voters.

The Globe says Ms. Warren, 62, will not make any formal statements
or speeches, but her aides will put a video on her campaign Web
site featuring the candidate talking about the major themes she
will strike as a candidate.

The Globe relates Ms. Warren was the force behind the creation of
a new Consumer Financial Protection Bureau.  Vehement opposition
killed her chances of winning a Senate confirmation and forced
President Obama to choose someone else to head the agency this
summer. In August, she returned to Massachusetts and began to
explore a potential campaign against Mr. Brown.


* Horwood Marcus Snags Finance, Bankruptcy Quartet From Dykema
--------------------------------------------------------------
Samuel Howard at Bankruptcy Law360 reports that Chicago law firm
Horwood Marcus & Berk Chtd. announced Tuesday that it had hired
four decorated attorneys from Dykema Gossett PLLC, giving its
banking, restructuring, finance and litigation capabilities a
hefty boost.

Robert Dunn Glick, Eric S. Rein, Martin W. Salzman and Robert A.
Smoller have joined HMB as partners, enhancing the firm's roster
of finance and bankruptcy experts and solidifying its status as a
go-to firm for middle market clients, according to HMB's press
release.


* Roy Lewis Joins ESBA's Baltimore Office as Managing Director
--------------------------------------------------------------
Executive Sounding Board Associates Inc. (ESBA) on Sept. 14
announced that Roy S. Lewis has joined the Firm as a Managing
Director.  Mr. Lewis brings over 35 years of experience as a
lender, workout banker and management consultant.  He will be
based in the firm's Baltimore, MD office.

Prior to joining ESBA, Lewis held senior lending positions with
several mid-Atlantic regional financial institutions including
Sandy Spring Bank, M&T Bank and MNC Financial.  During his 14-year
tenure at MNC Financial, Lewis was responsible for managing a
portfolio of underperforming credits in its Special Assets area.
His previous management consulting experience includes both out-
of-court restructurings and Chapter 11 proceedings across a wide
range of industries including senior living, financial services,
construction and commercial real estate.

"We are pleased to have Roy join our team," said Marty Katz,
Founder and President of Executive Sounding Board Associates Inc.
"We have always had a strong presence in the Baltimore and other
mid-Atlantic business communities and look forward to having Roy
spearhead our practice development activities in the area.  He has
broad experience working with companies facing complex or
challenging situations-including operational and financial
turnarounds-and has strong roots in the Baltimore area.  In his
new role, Roy will be responsible for practice development and for
contributing to the management of turnaround, workout and
bankruptcy engagements."

Mr. Lewis earned a Bachelor's degree from the University at Albany
and a Master's degree from American University.

ESBA focuses its services on organizations requiring assistance
in: Operational and Financial Consulting; Bankruptcy Advisory;
Corporate Finance; and Fiduciary Services.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In Re Roger Barker
   Bankr. N.D. Ala. Case No. 11-04346
      Chapter 11 Petition filed August 30, 2011

In Re Alejandro Casasola
   Bankr. C.D. Calif. Case No. 11-47034
      Chapter 11 Petition filed August 30, 2011

In Re EV Greenwich, LLC
   Bankr D. Conn. Case No. 11-51765
      Chapter 11 Petition filed August 30, 2011
         See http://bankrupt.com/misc/ctb11-51765.pdf

In Re Thomas Hicks
   Bankr. N.D. Fla. Case No. 11-31456
      Chapter 11 Petition filed August 30, 2011

In Re Management Information Solutions, Inc.
   Bankr S.D. Ind. Case No. 11-10982
      Chapter 11 Petition filed August 30, 2011
         See http://bankrupt.com/misc/insb11-10982.pdf

In Re Jerry Snow
      Sally Snow
   Bankr. W.D. Mich. Case No. 11-09060
      Chapter 11 Petition filed August 30, 2011

In Re Karl Pergola
   Bankr. D. N.M. Case No. 11-13884
      Chapter 11 Petition filed August 30, 2011

In Re Eppy Electric LLC
   Bankr N.D. N.Y. Case No. 11-61840
      Chapter 11 Petition filed August 30, 2011
         See http://bankrupt.com/misc/nynb11-61840.pdf

In Re John Reid
      Stacey Reid
   Bankr. N.D. Ohio Case No. 11-17532
      Chapter 11 Petition filed August 30, 2011

In Re Joseph Smyjunas
   Bankr. S.D. Ohio Case No. 11-15318
      Chapter 11 Petition filed August 30, 2011

In Re Gajda Trucking Company
   Bankr W.D. Pa. Case No. 11-25400
      Chapter 11 Petition filed August 30, 2011
         See http://bankrupt.com/misc/pawb11-25400.pdf

In Re Jung Choi
   Bankr. W.D. Wash. Case No. 11-20284
      Chapter 11 Petition filed August 30, 2011

In Re Norman Andreini
   Bankr. E.D. Calif. Case No. 11-41284
      Chapter 11 Petition filed August 31, 2011

In Re William Fitzpatrick
   Bankr. N.D. Calif. Case No. 11-33215
      Chapter 11 Petition filed August 31, 2011

In Re Maria Plandor
   Bankr. S.D. Calif. Case No. 11-14546
      Chapter 11 Petition filed August 31, 2011

In Re Mark Rogers
   Bankr. S.D. Calif. Case No. 11-14699
      Chapter 11 Petition filed August 31, 2011

In Re Vail Lake Groves, LLC
   Bankr. S.D. Calif. Case No. 11-14665
      Chapter 11 Petition filed August 31, 2011
         filed pro se

In Re Melrich Asset Management LLC
   Bankr. S.D. Fla. Case No. 11-34431
      Chapter 11 Petition filed August 31, 2011
         filed pro se

In Re Kerry No. 5 LLC
   Bankr N.D. Ill. Case No. 11-35561
      Chapter 11 Petition filed August 31, 2011
         See http://bankrupt.com/misc/ilnb11-35561.pdf

In Re Nhu Tran
   Bankr. D. Nev. Case No. 11-24062
      Chapter 11 Petition filed August 31, 2011

In Re Tran Enterprises, LLC
   Bankr D. Nev. Case No. 11-24063
      Chapter 11 Petition filed August 31, 2011
         See http://bankrupt.com/misc/nvb11-24063.pdf

In Re Le Blanc Building, LLC
   Bankr. D. N.J. Case No. 11-35817
      Chapter 11 Petition filed August 31, 2011
         filed pro se

In Re Wein Properties, L.L.C.
   Bankr W.D. Mo. Case No. 11-44113
      Chapter 11 Petition filed August 31, 2011
         See http://bankrupt.com/misc/mowb11-44113.pdf

In Re Marco, Inc.
        dba DeMarcos
   Bankr D. Wyo. Case No. 11-20982
      Chapter 11 Petition filed August 31, 2011
         See http://bankrupt.com/misc/wyb11-20982.pdf

In Re McMillan & Sons Construction, Inc.
   Bankr N.D. Ala. Case No. 11-83069
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/alnb11-83069p.pdf
         See http://bankrupt.com/misc/alnb11-83069c.pdf

In Re Byung Park
   Bankr. D. Ariz. Case No. 11-25263
      Chapter 11 Petition filed September 1, 2011

In Re Disenadores Y Desarrolladores Turisticos, S.A. De C.V.
   Bankr D. Ariz. Case No. 11-25272
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/azb11-25272.pdf

In Re Joe Ditterline
   Bankr. D. Ariz. Case No. 11-25208
      Chapter 11 Petition filed September 1, 2011

In Re Rusintok Kocoglu
   Bankr. C.D. Calif. Case No. 11-38135
      Chapter 11 Petition filed September 1, 2011

In Re Eugene Engelgau
   Bankr. N.D. Calif. Case No. 11-58286
      Chapter 11 Petition filed September 1, 2011

In Re Randall Medd
   Bankr. S.D. Fla. Case No. 11-34720
      Chapter 11 Petition filed September 1, 2011

In Re Leon Perlis
   Bankr. N.D. Ga. Case No. 11-75215
      Chapter 11 Petition filed September 1, 2011

In Re New Pangea Properties, Inc.
   Bankr. N.D. Ga. Case No. 11-75184
      Chapter 11 Petition filed September 1, 2011
         filed pro se

In Re John Jaha
   Bankr. D. Ore. Case No. 11-37688
      Chapter 11 Petition filed September 1, 2011

In Re Charles Booz
   Bankr. D. Nev. Case No. 11-52820
      Chapter 11 Petition filed September 1, 2011

In Re Dylans Dance Hall, Inc.
        dba Dylan's Dance Hall & Saloon
   Bankr D. Nev. Case No. 11-24092
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/nvb11-24092.pdf

In Re Half-Price Books, Inc.
   Bankr D. N.J. Case No. 11-36117
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/njb11-36117.pdf

In Re Hickory Log Barbecue of Forest City, Inc.
   Bankr W.D. N.C. Case No. 11-40564
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/ncwb11-40564.pdf

In Re 4401 Guildhall LLC
   Bankr W.D. Tenn. Case No. 11-28993
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/tnwb11-28993.pdf

In Re Living Christ Centers and Revivals, Inc.
   Bankr W.D. Tenn. Case No. 11-29046
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/tnwb11-29046.pdf

In Re CMCSgroup LLC
   Bankr N.D. Texas Case No. 11-35502
      Chapter 11 Petition filed September 1, 2011
         See http://bankrupt.com/misc/txnb11-35502.pdf

In Re Brave General Contracting, LLC
        aka Brave Electrical Contracting, LLC
   Bankr. E.D. Va. Case No. 11-74012
      Chapter 11 Petition filed September 1, 2011
         filed pro se

In Re Greenmodel, LLC
   Bankr. D. Ariz. Case No. 11-25424
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/azb11-25424.pdf

In Re Infinite Healing Solutions, PLLC
   Bankr. D. Ariz. Case No. 11-25393
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/azb11-25393.pdf

In Re Nathan Davis
   Bankr. D. Ariz. Case No. 11-25357
      Chapter 11 Petition filed September 2, 2011

In Re Nathan T. Davis, D.D.S., P.C.
   Bankr. D. Ariz. Case No. 11-25362
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/azb11-25362.pdf

In Re Artisan Lofts Associates, LTD a California Limited
Partnership
   Bankr. C.D. Calif. Case No. 11-47571
      Chapter 11 Petition filed September 2, 2011
         filed pro se

In Re Dinia Gamilla
   Bankr. C.D. Calif. Case No. 11-47706
      Chapter 11 Petition filed September 2, 2011

In Re Kellee Bergendahl
   Bankr. C.D. Calif. Case No. 11-22462
      Chapter 11 Petition filed September 2, 2011

In Re Maynor Terraza
   Bankr. C.D. Calif. Case No. 11-20563
      Chapter 11 Petition filed September 2, 2011

In Re Pacific Asset Management, Inc.
   Bankr. E.D. Calif. Case No. 11-41496
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/caeb11-41496.pdf

In Re Jesus Monroy
   Bankr. N.D. Calif. Case No. 11-33261
      Chapter 11 Petition filed September 2, 2011

In Re James McManama
   Bankr. D. Conn. Case No. 11-22602
      Chapter 11 Petition filed September 2, 2011

In Re David Anchel
   Bankr. M.D. Fla. Case No. 11-06572
      Chapter 11 Petition filed September 2, 2011

In Re Dean Ryan
   Bankr. M.D. Ga. Case No. 11-52810
      Chapter 11 Petition filed September 2, 2011

In Re Mirza Ahmed
   Bankr. M.D. Ga. Case No. 11-52815
      Chapter 11 Petition filed September 2, 2011

In Re Cornerstone of Faith Inc.
   Bankr. N.D. Ga. Case No. 11-75682
      Chapter 11 Petition filed September 2, 2011
         filed pro se

In Re Furcron Developers, LLC
   Bankr. N.D. Ga. Case No. 11-75509
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/ganb11-75509.pdf

In Re Roy Dixon
   Bankr. N.D. Ga. Case No. 11-75482
      Chapter 11 Petition filed September 2, 2011

In Re Nancy Boris
   Bankr. D. Idaho Case No. 11-21157
      Chapter 11 Petition filed September 2, 2011

In Re Yin's Asian Cuisine, Inc.
        aka Bambu Asian Cuisine
   Bankr. D. Minn. Case No. 11-35619
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/mnb11-35619.pdf

In Re A. Plumberman, Inc.
        dba Plumberman Plumbing
   Bankr. D. Nev. Case No. 11-52845
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/nvb11-52845.pdf

In Re Nicholas Grilli
   Bankr. D. Nev. Case No. 11-52849
      Chapter 11 Petition filed September 2, 2011

In Re Dynasty Contracting, Inc.
        aka Vision General, Const
   Bankr. D. N.J. Case No. 11-36250
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/njb11-36250.pdf

In Re InnovaSystems, Inc.
   Bankr. D. N.J. Case No. 11-36228
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/njb11-36228.pdf

In Re Roy E. Pogue Wholesale, Inc.
   Bankr. D. N.M. Case No. 11-13975
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/nmb11-13975p.pdf
         See http://bankrupt.com/misc/nmb11-13975c.pdf

In Re Dani's Properties, Inc.
   Bankr. E.D. N.Y. Case No. 11-76293
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/nyeb11-76293.pdf

In Re Martin's Millenium Corp.
   Bankr. E.D. N.Y. Case No. 11-47638
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/nyeb11-47638.pdf

In Re Nashville Limousine Service, Inc.
   Bankr. M.D. Tenn. Case No. 11-08848
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/tnmb11-08848.pdf

In Re James Fowler
   Bankr. N.D. Tenn. Case No. 11-08863
      Chapter 11 Petition filed September 2, 2011

In Re Keith Gober
   Bankr. N.D. Tenn. Case No. 11-08865
      Chapter 11 Petition filed September 2, 2011

In Re Priscilla Walker
   Bankr. N.D. Texas Case No. 11-35627
      Chapter 11 Petition filed September 2, 2011

In Re Semco Machine, Inc.
   Bankr. N.D. Texas Case No. 11-50340
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/txnb11-50340.pdf

In Re Maria Stoiber
   Bankr. W.D. Texas Case No. 11-31714
      Chapter 11 Petition filed September 2, 2011

In Re L.A.D. Trucking, Inc.
   Bankr. D. Utah Case No. 11-32990
      Chapter 11 Petition filed September 2, 2011
         See http://bankrupt.com/misc/utb11-32990.pdf

In Re Keelco, Inc.
   Bankr. M.D. Fla. Case No. 11-06576
      Chapter 11 Petition filed September 3, 2011
         See http://bankrupt.com/misc/flmb11-06576p.pdf
         See http://bankrupt.com/misc/flmb11-06576c.pdf

In Re Finest City Investments LLC
   Bankr. S.D. Calif. Case No. 11-14963
      Chapter 11 Petition filed September 5, 2011
         See http://bankrupt.com/misc/casb11-14963.pdf

In Re Cyber Electric of Central Florida, Inc.
   Bankr. S.D. Fla. Case No. 11-34865
      Chapter 11 Petition filed September 5, 2011
         See http://bankrupt.com/misc/flsb11-34865.pdf

In Re HAT Properties L.L.C.
        aka HAT Properties Inc.
   Bankr. S.D. Ind. Case No. 11-92392
      Chapter 11 Petition filed September 5, 2011
         See http://bankrupt.com/misc/insb11-92392.pdf

In Re Josefino Navarro
   Bankr. D. Nev. Case No. 11-24173
      Chapter 11 Petition filed September 5, 2011

In Re The Victorian Center, LLC.
   Bankr. D. Nev. Case No. 11-24171
      Chapter 11 Petition filed September 5, 2011
         See http://bankrupt.com/misc/nvb11-24171.pdf

In Re Carl Lawson
   Bankr. M.D. Tenn. Case No. 11-08914
      Chapter 11 Petition filed September 5, 2011

In Re Carl Lawson
   Bankr. M.D. Tenn. Case No. 11-08915
      Chapter 11 Petition filed September 5, 2011

In Re Jonathan Martin
   Bankr. E.D. Texas Case No. 11-60817
      Chapter 11 Petition filed September 5, 2011

In Re Hessed, Inc.
   Bankr. N.D. Texas Case No. 11-45127
      Chapter 11 Petition filed September 5, 2011
         See http://bankrupt.com/misc/txnb11-45127.pdf

In Re DePriest, Inc.
        dba American Speedy Printing Centers
   Bankr. M.D. Ala. Case No. 11-32269
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/almb11-32269.pdf

In Re Alvin Gibson
   Bankr. N.D. Ala. Case No. 11-83097
      Chapter 11 Petition filed September 6, 2011

In Re H&B Electric, Incorporated
   Bankr. D. Ariz. Case No. 11-25524
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/azb11-25524.pdf

In Re Kyungwan Min
   Bankr. C.D. Calif. Case No. 11-22575
      Chapter 11 Petition filed September 6, 2011

In Re JDC Corporation
   Bankr. E.D. Calif. Case No. 11-41654
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/caeb11-41654.pdf

In Re George Richards
   Bankr. N.D. Calif. Case No. 11-49583
      Chapter 11 Petition filed September 6, 2011

In Re Kim Koenig
   Bankr. N.D. Calif. Case No. 11-13355
      Chapter 11 Petition filed September 6, 2011

In Re James Todd
   Bankr. S.D. Calif. Case No. 11-15005
      Chapter 11 Petition filed September 6, 2011

In Re True Life Church
        aka First Love Pentacostal Church of Meeker
   Bankr. D. Colo. Case No. 11-31215
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/cob11-31215.pdf

In Re United Investment Irrevocable Trust, Mohamed Elarbi, Trustee
   Bankr. D. D.C. Case No. 11-00659
      Chapter 11 Petition filed September 6, 2011
         filed pro se

In Re Ethan Trull
   Bankr. N.D. Ill. Case No. 11-36422
      Chapter 11 Petition filed September 6, 2011

In Re Accurate Engineering Services, Inc.
   Bankr. D. Mass. Case No. 11-18508
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/mab11-18508.pdf

In Re Charles Weiner
   Bankr. D. Nev. Case No. 11-24210
      Chapter 11 Petition filed September 6, 2011

In Re Irma Montenegro
   Bankr. D. Nev. Case No. 11-24194
      Chapter 11 Petition filed September 6, 2011

In Re WYW Manchester, LLC
        dba Wings Your Way Manchester
   Bankr. D. N.H. Case No. 11-13345
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/nhb11-13345.pdf

In Re Glick Realty, Corp.
   Bankr. D. N.J. Case No. 11-36325
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/njb11-36325.pdf

In Re 3 Brothers Famiglia at Laguardia
   Bankr. S.D. N.Y. Case No. 11-23779
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/nysb11-23779.pdf

In Re Famous Famiglia Pizza Tysons Corner
   Bankr. S.D. N.Y. Case No. 11-23778
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/nysb11-23778.pdf

In Re Chad Cooke
      Rebecca Cooke
   Bankr. W.D. N.C. Case No. 11-32313
      Chapter 11 Petition filed September 6, 2011

In Re Gemini Restaurant Group, Inc.
        aka Arby's
   Bankr. E.D. Pa. Case No. 11-16902
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/paeb11-16902.pdf

In Re Century Super Lube, Inc.
   Bankr. W.D. Pa. Case No. 11-25617
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/pawb11-25617.pdf

In Re Egda Roldan Calderon
   Bankr. D. Puerto Rico Case No. 11-07624
      Chapter 11 Petition filed September 6, 2011

In Re Reynaldo Soto-Caban
   Bankr. D. Puerto Rico Case No. 11-07633
      Chapter 11 Petition filed September 6, 2011

In Re James McDaniel
   Bankr. E.D. Texas Case No. 11-42797
      Chapter 11 Petition filed September 6, 2011

In Re Lexus Luxury Homes, Inc
   Bankr. N.D. Texas Case No. 11-35734
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/txnb11-35734.pdf

In Re Nimis Properties, Inc.
        aka One Hour Martinizing
        aka Ray Stuarts Cleaners
   Bankr. N.D. Texas Case No. 11-35741
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/txnb11-35741.pdf

In Re Anahuac Full Gospel Tabernacle Inc.
         aka Full Gospel Tabernacle
   Bankr. S.D. Texas Case No. 11-80468
      Chapter 11 Petition filed September 6, 2011
         filed pro se

In Re Enertech Services International, Inc.
   Bankr. S.D. Texas Case No. 11-37775
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/txsb11-37775.pdf

In Re Clarita Johnson
   Bankr. W.D. Texas Case No. 11-53132
      Chapter 11 Petition filed September 6, 2011

In Re Jessie Farmer
   Bankr. W.D. Texas Case No. 11-12228
      Chapter 11 Petition filed September 6, 2011

In Re Jack Daly
   Bankr. E.D. Va. Case No. 11-16546
      Chapter 11 Petition filed September 6, 2011

In Re Z Partners, LLC
   Bankr. D. Utah Case No. 11-33015
      Chapter 11 Petition filed September 6, 2011
         See http://bankrupt.com/misc/utb11-33015.pdf
In Re Rudy Molina
   Bankr. D. Ariz. Case No. 11-25567
      Chapter 11 Petition filed September 7, 2011

In Re Compact International, Incorporated
   Bankr. C.D. Calif. Case No. 11-48064
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/cacb11-48064.pdf

In Re James Gibbs
   Bankr. C.D. Calif. Case No. 11-20674
      Chapter 11 Petition filed September 7, 2011

In Re Nose Wine Bar, Inc.
   Bankr. C.D. Calif. Case No. 11-48110
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/cacb11-48110.pdf

In Re Vito Scarola
   Bankr. C.D. Calif. Case No. 11-22583
      Chapter 11 Petition filed September 7, 2011

In Re Expanding Horizons
   Bankr. E.D. Calif. Case No. 11-60074
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/caeb11-60074.pdf

In Re Nelly Custodia
   Bankr. S.D. Calif. Case No. 11-15025
      Chapter 11 Petition filed September 7, 2011

In Re Mainely Stoves & Fuel Yard, LLC
   Bankr. D. Maine Case No. 11-21312
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/meb11-21312.pdf

In Re Jeffory Vess
      Barbara Vess
   Bankr. D. Md. Case No. 11-28092
      Chapter 11 Petition filed September 7, 2011

In Re Jose Bonilla
   Bankr. D. Mass. Case No. 11-18536
      Chapter 11 Petition filed September 7, 2011

In Re KHR, Inc.
   Bankr. D. Minn. Case No. 11-35677
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/mnb11-35677.pdf

In Re Richard Kistela
   Bankr. E.D. N.Y. Case No. 11-76378
      Chapter 11 Petition filed September 7, 2011

In Re 22 Locust Avenue LLC
   Bankr. S.D. N.Y. Case No. 11-23785
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/nysb11-23785.pdf

In Re Symphony Group Inc.
        dba Symphony Cleaners
   Bankr. S.D. N.Y. Case No. 11-14217
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/nysb11-14217.pdf

In Re Dante Concrete, Inc.
   Bankr. W.D. N.Y. Case No. 11-13104
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/nywb11-13104.pdf

In Re Robert Irey
   Bankr. W.D. Pa. Case No. 11-25640
      Chapter 11 Petition filed September 7, 2011

In Re Vega M.D., LLC
   Bankr. W.D. Pa. Case No. 11-25648
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/pawb11-25648p.pdf
         See http://bankrupt.com/misc/pawb11-25648c.pdf

In Re Gretcar, Inc.
   Bankr. D. Puerto Rico Case No. 11-07649
      Chapter 11 Petition filed September 7, 2011
         See http://bankrupt.com/misc/prb11-07649.pdf

In Re Charles Zapiec
   Bankr. D. S.C. Case No. 11-05567
      Chapter 11 Petition filed September 7, 2011

In Re Charles Cardin
   Bankr. E.D. Tenn. Case No. 11-52077
      Chapter 11 Petition filed September 7, 2011

In Re Charles Bell
   Bankr. S.D. Ala. Case No. 11-03673
      Chapter 11 Petition filed September 8, 2011

In Re David Catton
   Bankr. S.D. Calif. Case No. 11-15069
      Chapter 11 Petition filed September 8, 2011

In Re Joshua Sams
   Bankr. M.D. Fla. Case No. 11-16959
      Chapter 11 Petition filed September 8, 2011

In Re Michael Coffey
   Bankr. M.D. Fla. Case No. 11-16968
      Chapter 11 Petition filed September 8, 2011

In Re SBC Fulfillment, Inc.
   Bankr. N.D. Ga. Case No. 11-76304
      Chapter 11 Petition filed September 8, 2011
         See http://bankrupt.com/misc/ganb11-76304.pdf

In Re JAG Maniff LLC
   Bankr. D. Mass. Case No. 11-18611
      Chapter 11 Petition filed September 8, 2011
         See http://bankrupt.com/misc/mab11-18611.pdf

In Re Threeracht Songtachalert
   Bankr. D. Mass. Case No. 11-18601
      Chapter 11 Petition filed September 8, 2011

In Re Danny Hall
   Bankr. S.D. Miss. Case No. 11-03139
      Chapter 11 Petition filed September 8, 2011

In Re Leslie Mar Na
      RaChelNi Mar Na
   Bankr. E.D. Mo. Case No. 11-49629
      Chapter 11 Petition filed September 8, 2011

In Re Robert Patterson
   Bankr. E.D. N.C. Case No. 11-06884
      Chapter 11 Petition filed September 8, 2011

In Re Robert Patterson, MD PA
   Bankr. E.D. N.C. Case No. 11-06887
      Chapter 11 Petition filed September 8, 2011

In Re Robert Patterson, MD PA
   Bankr. E.D. N.C. Case No. 11-06887
      Chapter 11 Petition filed September 8, 2011
         See http://bankrupt.com/misc/nceb11-06887.pdf

In Re D, B And E Enterprises, LLC
   Bankr. E.D. Pa. Case No. 11-16994
      Chapter 11 Petition filed September 8, 2011
         See http://bankrupt.com/misc/paeb11-16994.pdf

In Re Economy International Services Inc.
   Bankr. D. Puerto Rico Case No. 11-07669
      Chapter 11 Petition filed September 8, 2011
         See http://bankrupt.com/misc/prb11-07669.pdf

In Re Scott Hoffman
   Bankr. D. S.C. Case No. 11-05579
      Chapter 11 Petition filed September 8, 2011

In Re Centurion Alarm Services, Inc.
   Bankr. S.D. Texas Case No. 11-37812
      Chapter 11 Petition filed September 8, 2011
         See http://bankrupt.com/misc/txsb11-37812.pdf

In Re Ardell Nelson
   Bankr. W.D. Texas Case No. 11-53168
      Chapter 11 Petition filed September 8, 2011

In Re Michael Robinson
   Bankr. D. Utah Case No. 11-33118
      Chapter 11 Petition filed September 8, 2011

In Re Kenneth Robinson
   Bankr. E.D. Va. Case No. 11-16610
      Chapter 11 Petition filed September 8, 2011

In Re Seattle Full Gospel Central Church
         dba Hanwoori Mission Church
   Bankr. W.D. Wash. Case No. 11-20695
      Chapter 11 Petition filed September 8, 2011
         filed pro se

In Re Wayna Franklin
   Bankr. W.D. Wash. Case No. 11-20664
      Chapter 11 Petition filed September 8, 2011

In Re Sanco Concepts, Inc.
        dba CiCi Pizza #604
   Bankr. S.D. Ala. Case No. 11-03704
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/alsb11-03704.pdf

In Re Tristan Joya
   Bankr. D. Ariz. Case No. 11-25927
      Chapter 11 Petition filed September 9, 2011

In Re Deanna Kwan
   Bankr. C.D. Calif. Case No. 11-20796
      Chapter 11 Petition filed September 9, 2011

In Re Libby Markowitz
   Bankr. C.D. Calif. Case No. 11-48303
      Chapter 11 Petition filed September 9, 2011

In Re Maria Rosales
   Bankr. C.D. Calif. Case No. 11-48423
      Chapter 11 Petition filed September 9, 2011

In Re Peter Placey
   Bankr. C.D. Calif. Case No. 11-22681
      Chapter 11 Petition filed September 9, 2011

In Re AMC Doors & Windows, Inc.
   Bankr. N.D. Calif. Case No. 11-33313
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/canb11-33313p.pdf
         See http://bankrupt.com/misc/canb11-33313c.pdf

In Re Realty Holdings Corvo LLC
   Bankr. D. Conn. Case No. 11-22651
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/ctb11-22651.pdf

In Re Randall Clark
   Bankr. M.D. Fla. Case No. 11-17012
      Chapter 11 Petition filed September 9, 2011

In Re Synergy Medical Services, LLC
        dba Florida Medical Practice, LLC
        dba Florida Dental Practice, LLC
        dba Care Multispecialty Group, LLC
        dba Care Dentistry Group, P.A.
   Bankr. M.D. Fla. Case No. 11-17009
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/flmb11-17009.pdf

In Re Bynum & Sons Plumbing, Inc.
   Bankr. N.D. Ga. Case No. 11-76465
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/ganb11-76465.pdf

In Re Legacy Estates, LLC
   Bankr. W.D. Ky. Case No. 11-34382
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/kywb11-34382.pdf

In Re Big Len's Restaurant Equipment & Supplies, LLC
   Bankr. D. N.J. Case No. 11-36607
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/njb11-36607.pdf

In Re 1160, Inc.
   Bankr. E.D. Pa. Case No. 11-22384
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/paeb11-22384.pdf

In Re Locust Valley Golf Club, Inc.
   Bankr. E.D. Pa. Case No. 11-22383
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/paeb11-22383.pdf

In Re A-K Supply Co., Inc.
   Bankr. W.D. Pa. Case No. 11-25712
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/pawb11-25712.pdf

In Re Kevin Schuring
   Bankr. W.D. Pa. Case No. 11-25733
      Chapter 11 Petition filed September 9, 2011

In Re Halcyon Properties, LLC
   Bankr. D. Utah Case No. 11-33253
      Chapter 11 Petition filed September 9, 2011
         See http://bankrupt.com/misc/utb11-33253.pdf

In Re Mark Secrist
   Bankr. W.D. Va. Case No. 11-51296
      Chapter 11 Petition filed September 9, 2011

In Re Anthony Borrelli
   Bankr. D. Conn. Case No. 11-22653
      Chapter 11 Petition filed September 10, 2011

In Re Associated Fabricators & Constructors, Inc.
   Bankr. N.D. Ala. Case No. 11-83168
      Chapter 11 Petition filed September 11, 2011
         See http://bankrupt.com/misc/alnb11-83168p.pdf
         See http://bankrupt.com/misc/alnb11-83168c.pdf

In Re Rachelyn Garcia
   Bankr. N.D. Calif. Case No. 11-49791
      Chapter 11 Petition filed September 11, 2011

In Re Anar Real Estate, LLC
   Bankr. D. Dela. Case No. 11-12860
      Chapter 11 Petition filed September 11, 2011
         See http://bankrupt.com/misc/deb11-12860.pdf

In Re G&M International Entertainment Productions, LLC II
   Bankr. N.D. Ga. Case No. 11-76514
      Chapter 11 Petition filed September 11, 2011
         See http://bankrupt.com/misc/ganb11-76514.pdf

In Re Federico Lazcano
   Bankr. D. Nev. Case No. 11-24410
      Chapter 11 Petition filed September 11, 2011

In Re Jarrett Vereen
   Bankr. D. S.C. Case No. 11-05648
      Chapter 11 Petition filed September 11, 2011

In Re Bradley Meerfeld
   Bankr. D. Ariz. Case No. 11-25975
      Chapter 11 Petition filed September 12, 2011

In Re David Arroyo
   Bankr. C.D. Calif. Case No. 11-38837
      Chapter 11 Petition filed September 12, 2011

In Re Taleo, Inc.
        dba Taleo Mexican Grill
        fka Taleo I, LLC
   Bankr. C.D. Calif. Case No. 11-22759
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/cacb11-22759.pdf

In Re Mohammad Zalmaiyar
   Bankr. N.D. Calif. Case No. 11-49806
      Chapter 11 Petition filed September 12, 2011

In Re I'm A Body Exercise Studio, Inc.
   Bankr. S.D. Fla. Case No. 11-35332
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/flsb11-35332.pdf

In Re Kotton Kapital & Company Inc.
   Bankr. N.D. Ill. Case No. 11-37161
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/ilnb11-37161p.pdf
         See http://bankrupt.com/misc/ilnb11-37161c.pdf

In Re Raintree Corporation
   Bankr. D. Md. Case No. 11-28402
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/mdb11-28402.pdf

In Re William Gray
   Bankr. D. Mass. Case No. 11-31675
      Chapter 11 Petition filed September 12, 2011

In Re Mehmet Ors, LLC
   Bankr. D. N.J. Case No. 11-36668
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/njb11-36668.pdf

In Re M of M Inc.
   Bankr. E.D. N.Y. Case No. 11-76485
      Chapter 11 Petition filed September 12, 2011
         filed pro se

In Re Timberview Veterinary Hospital, Inc.
   Bankr. M.D. Pa. Case No. 11-06257
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/pamb11-06257.pdf

In Re Innovative Associates, Inc.
   Bankr. W.D. Pa. Case No. 11-25756
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/pawb11-25756.pdf

In Re Three Friends of Camden, Inc.
        dba Old Armory Steakhouse
   Bankr. D. S.C. Case No. 11-05664
      Chapter 11 Petition filed September 12, 2011
         See http://bankrupt.com/misc/scb11-05664.pdf

In Re Melvin Bachman
      Evanell Bachman
   Bankr. D. S.D. Case No. 11-10184
      Chapter 11 Petition filed September 12, 2011

In Re Jack Tucker
   Bankr. S.D. Texas Case No. 11-20522
      Chapter 11 Petition filed September 12, 2011

In Re 4500 South Project LLC
        aka Holladay Springs Condominium Project
   Bankr. D. Utah Case No. 11-33318
      Chapter 11 Petition filed September 12, 2011
         filed pro se



                           *********

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.

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