TCR_Public/111112.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Saturday, November 12, 2011, Vol. 15, No. 314

                            Headlines

AMTRUST FINANCIAL: Ends September 2011 With $240,724 Cash
AMTRUST FINANCIAL: AmFin Insurance Ends September With $1.4MM Cash
AMTRUST FINANCIAL: AmFin Real Ends September With $6,255,550 Cash
AMTRUST FINANCIAL: AmFin Properties Ends September With $472 Cash
BANKUNITED FINANCIAL: Posts $149,502 Net Loss in September 2011

CAPITAL GROWTH: Ends August 2011 With $1.37 Million Cash
EVERGREEN SOLAR: Posts $17.5MM Net Loss in Aug. 28 - Oct. 1 Period
GREAT ATLANTIC: Has $301.6 Million Cash at September 10
LOCATEPLUS HOLDINGS: Posts $112,278 Net Loss in July 2011
NEBRASKA BOOK: Posts $18MM Net Loss in Six Months Ended Sept. 30

QUALTEQ INC: Files Initial Monthly Operating Report
SPECIALTY PRODUCTS: Posts $32,374 Net Loss in August 2011
SSI GROUP: Files Initial Monthly Operating Report




                            *********


AMTRUST FINANCIAL: Ends September 2011 With $240,724 Cash
---------------------------------------------------------
AmTrust Financial Corp., nka AmFin Financial Corporation, reported
a net loss of $10.62 million on $0 revenue for September 2011.

At Sept. 30, 2011, the Debtor had total assets of $87.69 million,
total postpetition liabilities of $1.06 million, total prepetition
liabilities of $156.91 million, and a stockholders' deficit of
$70.27 million.

The Debtor ended the period with $240,724 in cash, compared with
$139,228 at Aug. 31, 2011.

A copy of the September 2011 monthly operating report is available
for free at:

     http://bankrupt.com/misc/amfinfinancial.sept2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp. (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors.
Kurtzman Carson Consultants serves as claims and notice agent.
Attorneys at Hahn Loeser & Parks LLP serve as counsel to the
Official Committee of Unsecured Creditors.  AmTrust Management
estimated $100 million to $500 million in assets and debts in its
Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.

Earlier this week, the U.S. Bankruptcy Court issued an order
confirming AmTrust Financial's Amended Joint Plan of
Reorganization.


AMTRUST FINANCIAL: AmFin Insurance Ends September With $1.4MM Cash
------------------------------------------------------------------
AmTrust Insurance Agency Inc., nka AmFin Insurance Agency Inc.,
reported a net loss of $1,566 on $0 revenue for September 2011.

At Sept. 30, 2011, the Debtor had total assets of $1,724,545,
total postpetition liabilities of $148,498, total prepetition
liabilities of $813,175, and stockholders' equity of $762,872.

The Debtor ended the period with $1,447,951 in cash, compared with
$1,449,412 at the beginning of the period.

A copy of the September 2011 monthly operating report is available
for free at:

     http://bankrupt.com/misc/amfininsurance.sept2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp. (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors.
Kurtzman Carson Consultants serves as claims and notice agent.
Attorneys at Hahn Loeser & Parks LLP serve as counsel to the
Official Committee of Unsecured Creditors.  AmTrust Management
estimated $100 million to $500 million in assets and debts in its
Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.

Earlier this week, the U.S. Bankruptcy Court issued an order
confirming AmTrust Financial's Amended Joint Plan of
Reorganization.


AMTRUST FINANCIAL: AmFin Real Ends September With $6,255,550 Cash
-----------------------------------------------------------------
AmTrust Real Estate Investments Inc., nka AmFin Real Estate
Investments Inc., reported a net loss of $10.12 million on $0
revenue for September 2011.

At Sept. 30, 2011, the Debtor had total assets of $83.51 million,
total postpetition liabilities of $464,494, total prepetition
liabilities of $126.46 million, and a stockholders' deficit of
$43.40 million.

The Debtor ended the period with $6,255,550 cash, from $6,755,305
at the beginning of the period.

A copy of the September 2011 monthly operating report is available
for free at http://bankrupt.com/misc/amfinreal.sept2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp. (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors.
Kurtzman Carson Consultants serves as claims and notice agent.
Attorneys at Hahn Loeser & Parks LLP serve as counsel to the
Official Committee of Unsecured Creditors.  AmTrust Management
estimated $100 million to $500 million in assets and debts in its
Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.

Earlier this week, the U.S. Bankruptcy Court issued an order
confirming AmTrust Financial's Amended Joint Plan of
Reorganization.


AMTRUST FINANCIAL: AmFin Properties Ends September With $472 Cash
-----------------------------------------------------------------
AmTrust Properties Inc., nka AmFin Properties Inc., had no income
or expense transactions for the month of August 2011.

At Sept. 30, 2011, the Debtor had total assets of $1,216,365,
total postpetition liabilities of $1,500, total prepetition
liabilities of $7,584,986, and a stockholders' deficit of
$6,370,121.

The Debtor ended the period with $472 in cash, unchanged from the
beginning of the period.

A copy of the September 2011 monthly operating report is available
for free at:

     http://bankrupt.com/misc/amfinproperties.sept2011mor.pdf

                       About AmTrust Financial

AmTrust Financial Corp. (PINK: AFNL) was the owner of the AmTrust
Bank.  AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, serve as counsel to the Debtors.
Kurtzman Carson Consultants serves as claims and notice agent.
Attorneys at Hahn Loeser & Parks LLP serve as counsel to the
Official Committee of Unsecured Creditors.  AmTrust Management
estimated $100 million to $500 million in assets and debts in its
Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.

Earlier this week, the U.S. Bankruptcy Court issued an order
confirming AmTrust Financial's Amended Joint Plan of
Reorganization.


BANKUNITED FINANCIAL: Posts $149,502 Net Loss in September 2011
---------------------------------------------------------------
BankUnited Financial Corporation, together with its subsidiaries
BankUnited Financial Services, Inc., and CRE America Corporation,
filed on Oct. 28, 2011, its monthly operating report for
September 2011 with the United States Bankruptcy Court for the
Southern District of Florida.

Funds at Sept. 30, 2011, were $10,096,567 compared to $10,223,650
at Sept. 30, 2011.

BankUnited Financial Corporation, et al., reported a net loss of
$149,502 in September.  Professional fees totaled $125,216 for the
period.

At Sept. 30, 2011, BankUnited Financial Corporation, et al., had
$34,934,741 in total assets, $576,827,103 in total liabilities,
and a stockholders' deficit of $541,892,361.

A complete text of the operating report is available for free at:

                       http://is.gd/NleNk4

                    About BankUnited Financial

BankUnited Financial Corp. (OTC Ticker Symbol: BKUNQ) --
http://www.bankunited.com/-- was the holding company for
BankUnited FSB, the largest banking institution headquartered in
Coral Gables, Florida.  On May 21, 2009, BankUnited FSB was closed
by regulators and the Federal Deposit Insurance Corporation
facilitated a sale of the bank to a management team headed by John
Kanas, a veteran of the banking industry and former head of North
Fork Bank, and a group of investors led by W.L. Ross & Co.
BankUnited, FSB, had assets of $12.8 billion and deposits of
$8.6 billion as of May 2, 2009.

The Company and its affiliates filed for Chapter 11 protection
(Bankr. S.D. Fla. Lead Case No. 09-19940) on May 22, 2009.
Stephen P. Drobny, Esq., and Peter Levitt, Esq., at Shutts & Bowen
LLP; Mark D. Bloom, Esq., and Scott M. Grossman, Esq., at
Greenberg Traurig, LLP; and Michael C. Sontag, at Camner, Lipsitz,
P.A., represent the Debtors as counsel.  Corali Lopez-Castro,
Esq., David Samole, Esq., at Kozyak Tropin & Throckmorton, P.A.;
and Todd C. Meyers, Esq., at Kilpatrick Stockton LLP, serve as
counsel to the official committee of unsecured creditors.

In its bankruptcy petition, BankUnited Financial Corp. disclosed
$37,729,520 in assets against $559,740,185 in debts.  Aside from
those assets, BankUnited said that a "valuable" asset is its $3.6
billion net operating loss carryforward.

Wilmington Trust Co., U.S. Bank, N.A., and the Bank of New York
were listed among the company's largest unsecured creditors in
their roles as trustees for security issues.  BankUnited estimated
the Bank of New York claim tied to convertible securities at
$184 million.  U.S. Bank and Wilmington Trust are owed
$120 million and $118.171 million on account of senior notes.


CAPITAL GROWTH: Ends August 2011 With $1.37 Million Cash
--------------------------------------------------------
Capital Growth Systems, Inc., et al., reported net income of
$36.8 million on $0 revenue for the month of August 2011.  Results
for the month include a $37.3 million Gain on Sale and Abandonment
of Assets and Liabilities.

The Debtor's balance sheet at Aug. 31, 2011, showed $1,375,521 in
cash, $1,397,682 in total liabilities, all current, and a
stockholders' deficit of $22,161.

A complete text of the August 2011 monthly operating report is
available for free at http://is.gd/x0KpUy

The Debtors reported a net loss of $55,203 on $0 revenue for the
month of July 2011.

The Debtor's balance sheet at July 31, 2011, showed $5,051,083 in
total assets, $12,669,503 in total liabilities, all current, and a
stockholders' deficit of $7,618,420.

A complete text of the July 2011 monthly operating report is
available for free at http://is.gd/g0YxEI

The Debtors reported a net loss of $26,493 on $0 revenue for the
month of June 2011.

The Debtor's balance sheet at June 30, 2011, showed $5,066,038 in
total assets, $12,629,254 in total liabilities, all current, and a
stockholders' deficit of $7,563,216.

A complete text of the June 2011 monthly operating report is
available for free at http://is.gd/woteH6

reported net income of $34,461,131 on $2,214,404 revenue for the
month of May 2011.  Results for the month include a $35.5 million
Gain on Sale of assets and Assumption of Liabilities.

The Debtor's balance sheet at May 31, 2011, showed $5,806,147 in
cash, $13,342,869 in total liabilities, all current, and a
stockholders' deficit of $7,536,722.

A complete text of the May 2011 monthly operating report is
available for free at http://is.gd/9kVBxT

                     About Global Capacity

Headquartered in Chicago, Illinois, Capital Growth Systems, Inc.,
known as Global Capacity, and its subsidiaries operate in one
reportable segment as a single source telecom logistics provider
in North America and the European Union.  The Company helps
customers improve efficiency, reduce cost, and simplify operations
of their complex global networks -- with a particular focus on
access networks.

Capital Growth Systems and its affiliates filed for Chapter 11
protection on.  The lead debtor is Global Capacity Holdco LLC
(Bankr. D. Del. Case No. 10-12302).  Global Capacity Group Inc.
estimated $10 million to $50 million in assets and debts in its
petition.

As reported in the TCR on May 18, 2011, Global Capacity has
completed the sale of substantially all of its assets to GC
Pivotal, LLC, an affiliate of Pivotal Group, Inc.  Pivotal had
previously acquired 100% of the secured debt of Global Capacity.


EVERGREEN SOLAR: Posts $17.5MM Net Loss in Aug. 28 - Oct. 1 Period
------------------------------------------------------------------
On Oct. 31, 2011, Evergreen Solar, Inc., filed its monthly
operating report for the period from Aug. 28, 2011, to Oct. 1,
2011, with the U.S. Bankruptcy Court for the District of Delaware.

The Debtor reported a net loss of $17.5 million on $338,448 of
revenue for the period.

At Oct. 1, 2011, the Debtor's balance sheet showed $341.3 million
in total assets, $461.9 million in total liabilities, and a
stockholders' deficit of $120.6 million.

At copy of the operating report is available for free at:

                       http://is.gd/qZ7LrC

                      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.


GREAT ATLANTIC: Has $301.6 Million Cash at September 10
-------------------------------------------------------
On Nov. 3, 2011, The Great Atlantic & Pacific Tea Company, Inc.,
and its U.S. subsidiaries filed their monthly operating report for
the period from Aug. 14, 2011, to Sept. 10, 2011, with the U.S.
Bankruptcy Court for the Southern District of New York.

The Debtors reported a net loss of $63.6 million on $551.4 million
of sales for the four weeks ended Sept. 10, 2011.

At Sept. 10, 2011, the Debtors' consolidated balance sheet showed
$2.340 billion in total assets, $3.581 billion in total
liabilities, $146.8 million in Series A redeemable preferred
stock, and a stockholders' deficit of $1.388 billion.  The Debtors
ended the period with $301.6 million in cash and cash equivalents
compared to $293.3 million at the beginning of the period.

A copy of the operating report is available for free at:

                       http://is.gd/4oNOhb

                  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 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.


LOCATEPLUS HOLDINGS: Posts $112,278 Net Loss in July 2011
---------------------------------------------------------
LocatePLUS Holdings Corporation, et al., filed with the U.S.
Bankruptcy Court for the District of Massachusetts on Sept. 19,
2011, unaudited combined monthly operating report for the period
June 16, 2011, through June 30, 2011, and on Sept. 20, 2011, their
unaudited combined monthly operating report for the period July 1,
2011 through July 31, 2011.

LocatePLUS Holdings reported a net loss of $112,278 on $0 revenue
for the period July 1, 2011, through July 31, 2011.

At July 31, 2011, the Debtor's balance sheet showed $54.0 million
in total assets, $139,050 in total liabilities, and net owner
equity of $53.9 million.

A copy of the report is available for free at:

                       http://is.gd/UjboFs

LocatePLUS Holdings reported a net loss of $61,514 on $0 revenue
for the period June 16, 2011, through June 30, 2011.

At June 30, 2011, the Debtor's balance sheet showed $54.1 million
in total assets, $135,115 in total liabilities, and net owner
equity of $54.0 million.

A copy of the report is available for free at:

                       http://is.gd/mFzzLN

                    About LocatePLUS Holdings

Beverly, Mass.-based LocatePLUS Holdings Corporation, through
itself and its wholly-owned subsidiaries LocatePLUS Corporation,
Worldwide Information, Inc., Entersect Corporation, Dataphant,
Inc., and Employment Screening Profiles, Inc. are business-to-
business, business-to-government and business-to-consumer
providers of public information via its proprietary data
integration solutions.

On June 16, 2011, LocatePLUS Holdings Corporation and its
subsidiaries filed petitions under the Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 11-15791).  Harold B.
Murphy, Esq., at Murphy & King, P.C., in Boston, represents the
Debtor as counsel.  LocatePLUS Holdings estimated assets of $0 to
$50,000 and debts of $1,000,001 to $10 million.

The Company's balance sheet at March 31, 2011, showed
$2.08 million in total assets, $12.25 million in total liabilities
and a $10.17 million total stockholders' deficit.


NEBRASKA BOOK: Posts $18MM Net Loss in Six Months Ended Sept. 30
----------------------------------------------------------------
On Oct. 31, 2011, the Nebraska Book Company, Inc., et al., filed
their monthly operating report for the period Sept. 1, 2011, to
Sept. 30, 2011, with the U.S. Bankruptcy Court for the District
of Delaware.

The monthly operating report incorporated a change in rental
revenue recognition to recognize rental revenue related to
textbook rentals over the rental period.  The Company deferred
$14.6 million of revenue and $7.8 million of gross margin from the
quarter ended Sept. 30, 2011.  The deferred revenue and gross
margin will be fully recognized during the quarter ended Dec. 31,
2011.

The Debtors reported a consolidated net loss of $18.0 million on
$305.8 million of revenues for the six months ended Sept. 30,
2011.

The Debtors' balance sheet at Sept. 30, 2011, showed
$668.8 million in total assets, $726.1 million in total
liabilities, $14.1 million in Series A redeemable preferred stock
and a stockholders' deficit of $71.4 million .

Payments to professionals totaled $1.7 million during the month.

A copy of the operating report is available for free at

                       http://is.gd/f0sbDd

                       About Nebraska Book

Lincoln, Nebraska-based Nebraska Book Company, Inc., is one of the
leading providers of new and used textbooks for college students
in the United States.  Nebraska Book and seven affiliates filed
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 11-12002
to 11-12009) on June 27, 2011.  Hon. Peter J. Walsh presides over
the case.  Lawyers at Kirkland & Ellis LLP and Pachulski Stang
Ziehl & Jones LLP, serve as the Debtors' bankruptcy counsel.  The
Debtors; restructuring advisors are AlixPartners LLC; the
investment bankers are Rothschild, Inc.; the auditors are Deloitte
& Touche LLP; and the claims agent is Kurtzman Carson Consultants
LLC.  As of the Petition Date, the Debtors had consolidated assets
of $657,215,757 and debts of $563,973,688.

JPMorgan Chase Bank N.A., as administrative agent for the DIP
lenders, is represented by lawyers at Richards, Layton & Finger,
P.A., and Simpson Thacher & Bartlett LLP.  J.P. Morgan Investment
Management Inc., the DIP arranger, is represented by lawyers at
Bayard, P.A., and Willkie Farr & Gallagher LLP.

An ad hoc committee of holders of more than 50% of the Debtors'
Second Lien Notes is represented by lawyers at Brown Rudnick.  An
ad hoc committee of holders of the Debtors' 8.625% unsecured
notes are represented by Milbank, Tweed, Hadley & McCloy LLP.

The Official Committee of Unsecured Creditors selected Lowenstein
Sandler LLP and Stevens & Lee, P.C., as lawyers and Mesirow
Financial Inc. as financial advisers.

Nebraska Book prepared a pre-packaged Chapter 11 plan that would
swap some of the existing debt for new debt, cash and the new
stock.  However, Nebraska Book has been unable to secure a $250
million loan required for confirming and implementing the plan.
The plan called for new financing to pay off first- and second-
lien debt in full, while giving most of the new equity to
subordinated noteholders of the operating company and holders of
notes issued by the holding company.


QUALTEQ INC: Files Initial Monthly Operating Report
---------------------------------------------------
QualTeq, Inc., et al., filed an initial monthly operating report.

The Debtors submitted a 13-week cash collateral budgets covering
the week ending Sept. 23, 2011, until Dec. 16, 2011.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/qualteqinc.initialmor.pdf

                        About QualTeq Inc.

South Plainfield, New Jersey-based QualTeq, Inc., engages in the
design, manufacture, and personalization of plastic cards in the
United States.  The company manufactures magnetic, contact, and
dual interface smart cards.

Qualteq Inc. and 17 affiliated companies filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-12572) on
Aug. 14, 2011.  Eric Michael Sutty, Esq., and Jeffrey M. Schlerf,
Esq., at Fox Rothschild LLP, serve as local counsel to the
Debtors.  K&L Gates LLP is the general bankruptcy counsel.
Scouler & Company is the restructuring advisors.  QualTeq
estimated assets of up to $50 million and debts of up to
$100 million as of the Chapter 11 filing.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed four
unsecured creditors to serve on the Official Committee of
Unsecured Creditors.


SPECIALTY PRODUCTS: Posts $32,374 Net Loss in August 2011
---------------------------------------------------------
Bondex International, Inc., reported a net loss of $32,374 on $0
revenue for the month of August 2011.

At Aug. 31, 2011, the Debtor had $181.35 million in total
assets, $366.83 million in total liabilities, and a stockholders'
deficit of $548.18 million.

A copy of the August 2011 monthly operating report is available
for free at http://bankrupt.com/misc/bondex.aug2011mor.pdf

Bondex International, Inc., reported a net loss of $41,972 on $0
revenue for the month of July 2011.

At July 31, 2011, the Debtor had ($181.32) million in total
assets, $366.83 million in total liabilities, and a stockholders'
deficit of $548.15 million.

A copy of the July 2011 monthly operating report is available for
free at http://bankrupt.com/misc/bondex.july2011mor.pdf

                     About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection on May 31,
2010 (Bankr. D. Del. Case No. 10-11780).  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., and Zachary
I. Shapiro, Esq., at Richards Layton & Finger, serve as
co-counsel.  Logan and Company is the Company's claims and notice
agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100,000,001 to $500,000,000.


SSI GROUP: Files Initial Monthly Operating Report
-------------------------------------------------
SSI Group Holding Corp., Souper Brands, Inc., Souper Salad, Inc.,
and SSI-Grandys LLC filed their initial monthly operating reports
for the period Sept. 14, 2011, to Oct. 2, 2011.

SSI Group Holding Corp. had no bank accounts as of Oct. 2, 2011.
The Company had no income and expense transactions for the period.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/ssigroup.initialmor.pdf

Souper Brands, Inc., reported net income of $10,356 on $15,044 of
revenues for the period Sept. 14, 2011, to Oct. 2, 2011.

The Company's balance sheet at Oct. 2, 2011, showed $534,676 in
total assets, $107,394 in total liabilities, and stockholders'
equity of $422,560.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/souperbrands.initialmor.pdf

Souper Salad, Inc., ended the period with $821,464 cash, compared
to $157,770 at the beginning of the period.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/soupersalad.initialmor.pdf

SSI-Grandy's LLC reported net income of $130,560 on $206,454 of
revenues for the period.

The Company's balance sheet at Oct. 2, 2011, showed $7.0 million
in total asserts, $4.5 million in total liabilities, and
stockholders' equity of $2.5 million.

A copy of the initial monthly operating report is available for
free at http://bankrupt.com/misc/ssi-grandy's.initialmor.pdf

                         About SSI Group

SSI Group Holding Corp. sought bankruptcy protection (Bankr. D.
Del. Case No. 11-12917) on Sept. 14, 2011, in Wilmington,
Delaware, after months of lackluster performance at its two
struggling restaurant chains, which combined operate about 120
locations, and its debts mounted to $47.5 million.  SSI is behind
two southern restaurant chains -- the healthy Souper Salad chain
and "comfort food"-serving Grandy's restaurants.

SSI reported $23.9 million in assets as of Aug. 28, 2011.  Judge
Mary F. Walrath presides over the case.  The Debtor is represented
by Proskauer Rose LLP and Cozen O'Connor as counsel and Morgan
Joseph TriArtisan LLC as financial advisors.

Affiliates Super Salad, Inc. (Case No. 11-12918), SSI-Grandy's LLC
(Case No. 11-12919), and Souper Brands, Inc. (Case No. 11-12920),
also sought Chapter 11 protection on Sept. 14, 2011.

The Debtors hope to use the bankruptcy cases to sell their
Grandy's chain to an affiliate of Sun Capital Partners (or a
higher bidder) and to sell their Souper Salad chain to a to-be
determined buyer (no stalking horse bidder has been identified).

The United States Trustee appointed 7 members to the Official
Committee of Unsecured Creditors.


                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2011.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


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