TCR_Public/120105.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, January 5, 2012, Vol. 16, No. 4

                            Headlines

1019 SOUTH: Case Summary & 13 Largest Unsecured Creditors
AMMCO HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
6201 RANKIN: Voluntary Chapter 11 Case Summary
AES CORP: AES Eastern Won't Impact 2011 Guidance
AES EASTERN: S&P Lowers Rating on $500-Mil. Certificates to 'D'

AES EASTERN: $433MM Certificates Get Default Rating From Fitch
AES NEW YORK: Case Summary & 6 Largest Unsecured Creditors
ALEXANDER GALLO: Can Assume/Reject Leases Until April 4
AMERICAN SCIENTIFIC: Howard Taylor Named to Board of Directors
ARUNA CHOPRAS: Blames Prior Lot Owner for Chapter 11 Bankruptcy

ATLANTIC HOUSE: Eight Condominiums Placed on Auction Block
BASHAS' INC: GA Capital Arranges $95 Mil. Loan for Ariz. Grocer
BEAR MOUNTAIN: Wants Exclusive Filing Period Extended to March 29
BIO FORCE: Case Summary & 20 Largest Unsecured Creditors
CHURCH OF OMAHA: Case Summary & 4 Largest Unsecured Creditors

CAMARILLO PLAZA: Sec. 341 Meeting of Creditors Today
CAVE LAKES: Case Summary & 20 Largest Unsecured Creditors
CELL THERAPEUTICS: FDA to Review Resubmitted Pixantrone NDA
CHAMPION INDUSTRIES: Signs Forbearance Pact with Fifth Third Bank
CLARE AT WATER: Files Schedules of Assets and Liabilities

CLIVER DEVELOPMENT: Hires Patrick McGoldrick as Accountant
COUNTY SQUARE: Case Summary & 20 Largest Unsecured Creditors
CUBIC ENERGY: Receives Non-Compliance Notice From NYSE Amex
DANVILLE LAND: Case Summary & 20 Largest Unsecured Creditors
EASTMAN KODAK: Said to Be In Talks for $1BB Bankruptcy Financing

EASTMAN KODAK: Fails to Comply with NYSE's Closing Price Rules
EDIETS.COM INC: Extends Maturity of Director Notes to Dec. 2012
EMMIS COMMUNICATIONS: Holders Tender 164,400 Preferred Shares
EVERGREEN ENERGY: Edgehill Partners Discloses 3.5% Equity Stake
FIRST STREET: Plan Promises Unsecured Creditors 100% in 3 Years

FIRST STREET: Employs Binder & Malter as Special Appeals Counsel
FILENE'S BASEMENT: Syms Asks to Dole Out $650,000 in Bonuses
FILENE'S BASEMENT: Syms Creditors Balk at Bid to End Avenue Lease
FISHER ISLAND: District Court Dismisses Solby Appeal as Moot
GP WEST: Will Seek Plan Approval at Jan. 30 Confirmation Hearing

GRECIAN HOTELS: Voluntary Chapter 11 Case Summary
H&R II: Case Summary & 4 Largest Unsecured Creditors
HERITAGE APARTMENTS: Case Summary & 20 Largest Unsecured Creditors
HORNE INTERNATIONAL: Borrows $100,000 from Trevor Foster
INFOLINK GROUP: Court Rejects Bid for Return of Settlement Funds

INSITE CORPORATION: Case Summary & 17 Largest Unsecured Creditors
INT'L ENVIRONMENTAL: Wants Deal on Cash Collateral Use Approved
INVERNESS DISTRIBUTION: Voluntary Chapter 11 Case Summary
ISAACSON STEEL: Can Use Cash Collateral Until Jan. 31
ISAACSON STEEL: Exclusivity Extension Hearing Set on Jan. 24

J P TRANSIT: Voluntary Chapter 11 Case Summary
J V & I: Case Summary & 3 Largest Unsecured Creditors
JACKSON GREEN: Adequate Protection Deal Extended Until Jan. 18
JACKSONVILLE CAFE: Case Summary & 6 Largest Unsecured Creditors
JD CARTER: Case Summary & 20 Largest Unsecured Creditors

JER/JAMESON MEZZ: Has Access of Wells Fargo's Cash Collateral
KULLMAN BUILDING: Auction Proceeds 30% Above Court-Appraised Value
LAGRAVE RECONSTRUCTION: Bankruptcy Halts Foreclosure of Stadium
LAGRAVE RECONSTRUCTION: Voluntary Chapter 11 Case Summary
LIONCREST TOWERS: Case Dismissal Hearing Continued Until Jan. 12

LONGSTREET PARTNERS: Voluntary Chapter 11 Case Summary
MADISON 92ND: Hearing on Exclusivity Extension Set for Jan. 12
MAQ MANAGEMENT: Outline, Plan Confirmation Hearing Set for March 1
MALIBU ASSOCIATES: Inks US Bank Refinancing, Wants Case Dismissal
MAMRC TRANSPORTATION: Feb. 8 Hearing on Revised Disclosures Set

MARONDA HOMES: Court Confirms Joint Ch. 11 Plan of Reorganization
MENDOCINO COAST: Chapter 9 Case Summary & Creditors List
MICHAEL'S MARKET: Files for Chapter 11 in Chicago, Blames Lender
MICHAEL'S MARKET: Case Summary & 20 Largest Unsecured Creditors
MK HOME: Case Summary & 6 Largest Unsecured Creditors

MKW LLC: Case Summary & 6 Largest Unsecured Creditors
MSR RESORT: Cash Collateral Access Extended Until June 1
NEBRASKA BOOK: Gets OK to Revise Chapter 11 Financing Terms
NEW STREAM: May File Chapter 11 Plan This Week
OLD CORKSCREW: Cash Collateral Hearing Continued Until Feb. 9

OSSEN INNOVATION: Receives Nasdaq Notification of Non-Compliance
PAN AM LAND: Case Dismissal, Conversion Hearing Set for Feb. 8
PARADISE HOSPITALITY: Court OKs Lim Ruger as Bankruptcy Counsel
PARADISE HOSPITALITY: Court OKs Lim and Lim as Accountant
PARADISE HOSPITALITY: Hires Kostyo Law as Special Ohio Co-Counsel

PLUM TV: Files Chapter 11 Case, Agrees to Sell Assets
RAMPART MMW: Case Summary & 20 Largest Unsecured Creditors
REAL MEX: Chevy Outlet at Mercer Hall Closed in November 2011
REFLECTIONS CAR: Case Summary & 20 Largest Unsecured Creditors
REPUBLIC TITLE: Voluntary Chapter 11 Case Summary

ROCHA DAIRY: U.S. Trustee Adds Tina Lowder to Creditors Committee
ROOMSTORE INC: Furniture Company Fights to Join Auction
SACHCHIDANAND INVESTMENT: Case Summary & Creditors List
SARGENT RANCH: Secured Creditor DACA Wants 2nd Ch. 11 Dismissed
SAVANNAH INTERESTS: Case Summary & Largest Unsecured Creditor

SECUREALERT INC: R. Klinkhammer Ceases to Hold 5% Common Shares
SEMCRUDE LP: 3rd Cir. Rejects Manchester Plan Appeal
SHAMROCK-SHAMROCK: Court OKs M. Gilmore as State Court Attorney
SHAMROCK-SHAMROCK: Court OKs George Gingo as Litigation Attorney
SHAMROCK-SHAMROCK: Court OKs S. Ponder for Landlord-Tenant Issues

SHOPS AT PRESTONWOOD: Wants to Disburse Proceeds of Lots to Lender
SOUTHWEST GEORGIA: Completes Chapter 11 Bankruptcy
SW BOSTON: First Amended Joint Plan Declared Effective
SYNERGEX SOLUTIONS: Parent Names Schwartz Levitsky as Trustee
TEC COLOR: Case Summary & 10 Largest Unsecured Creditors

TIMMINCO LIMITED: Commences Proceedings Under CCAA
TRANSWEST RESORT: Two Westin Resorts Win Plan Confirmation
TRIDENT MICROSYSTEMS: Files Ch. 11; Entropic Bids $55MM for Unit
TRIDENT MICROSYSTEMS: Case Summary & 20 Largest Unsec. Creditors
UNITED AIRLINES: Teamster Mechanics Approve Agreement

VIRGIN OFFSHORE: Files Schedules of Assets and Liabilities
WALDOCH BUILDERS: Voluntary Chapter 11 Case Summary
WASHINGTON LOOP: Court Denies Chapter 11 Trustee to Incur DIP Loan
WASHINGTON MUTUAL: Court Declares LTWs as Equity, Not Debt
WAZOO SPORTS: Case Summary & 20 Largest Unsecured Creditors

WOOD-MCCASLIN, INC.: Voluntary Chapter 11 Case Summary

* Bankruptcies of All Types Decline by 11.7% in 2011
* Credit-Default Swaps in U.S. Climb From About Two-Month Low
* Higher Rates in Offering for Commercial Real-Estate Owners

* Distressed Investor Resilience to Hit $200M Target for Fund
* Harbinger's Philip Falcone Rejects Settlement Offer From SEC
* Oaktree Capital to Hold First Close on New Global Fund in 2012
* Muni Bonds Paid Handsomely in 2011 Despite Dire Predictions

* Berger Singerman Names Douglas Bates & Etan Mark Partners
* Crowell & Moring Adds Two Broker-Dealer Partners

* Recent Small-Dollar & Individual Chapter 11 Filings



                            *********

1019 SOUTH: Case Summary & 13 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: 1019 South Central Associates, LTD
        2664 Lacy Street
        Los Angeles, CA 90031

Bankruptcy Case No.: 11-62493

Chapter 11 Petition Date: December 28, 2011

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

Debtor's Counsel: Blake Lindemann, Esq.
                  433 N. Camden Drive, 4th Floor
                  Beverly Hills, CA 90210
                  Tel: (310) 279-5269
                  Fax: (310) 279-5370
                  E-mail: blindemann@llgbankruptcy.com

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

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

The Company?s list of its 13 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/cacb11-62493.pdf

The petition was signed by Manuel Meza, president of general
partner.


AMMCO HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: AMMCO Holdings LLC
          dba Andrew M. Martin Company
        16539 S. Main Street
        Gardena, CA 90248

Bankruptcy Case No.: 11-62325

Chapter 11 Petition Date: December 28, 2011

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

Judge: Vincent P. Zurzolo

Debtor's Counsel: Elaine Nguyen, Esq.
                  WEINTRAUB & SELTH APC
                  11766 Wilshire Boulevard, Suite 1170
                  Los Angeles, CA 90025
                  Tel: (310) 207-1494
                  Fax: (310) 442-0660
                  E-mail: elaine@wsrlaw.net

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

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

The Company?s list of its 20 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/cacb11-62325.pdf

The petition was signed by James W. Davidson, managing member.


6201 RANKIN: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: 6201 Rankin Road, Inc.
        1412 Main Street, Suite 1800
        Dallas, TX 75202

Bankruptcy Case No.: 11-38166

Chapter 11 Petition Date: December 30, 2011

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Barbara J. Houser

Debtor's Counsel: James C. Lanshe, Esq.
                  JAMES C. LANSHE, PLLC
                  1412 Main Street, Suite 1800
                  Dallas, TX 75202
                  Tel: (214) 522-6692

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 George E. Burch, III, president.


AES CORP: AES Eastern Won't Impact 2011 Guidance
------------------------------------------------
The AES Corporation's subsidiary, AES Eastern Energy, has filed
for chapter 11 bankruptcy protection.  AES Eastern Energy operates
over 1,000 megawatts of capacity at four facilities in New York
that were acquired from New York State Electric & Gas in May 1999.

Although still under evaluation, it is not expected that the
bankruptcy filing will impact AES' previously disclosed guidance
metrics on diluted earnings per share, adjusted earnings per share
or cash flow for the year ending Dec. 31, 2011.  The Company is
not updating its guidance at this time.

The Company's review of its 2011 fourth quarter and full year
financial results is not complete and the Company intends to
report its results in February of 2012.

The AES Corporation -- http://www.aes.com/-- is a Fortune 200
global power company.  It provides affordable, sustainable energy
to 27 countries through our diverse portfolio of distribution
businesses as well as thermal and renewable generation facilities.


AES EASTERN: S&P Lowers Rating on $500-Mil. Certificates to 'D'
---------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on AES
Eastern Energy L.P.'s $550 million pass-through certificates ($449
million outstanding) due 2029 to 'D' from 'CC' after the company
filed for Chapter 11 bankruptcy protection. The filing came three
days before a $30.6 million lease payment was due.

"The '3' recovery rating reflects an average (50% to 70%) recovery
of principal under a payment default. We do not base our recovery
rating on any proposed restructuring plan, but it does reflect our
estimates of recovery based on a discounted cash flow analysis of
AES Eastern's portfolio and all obligations as they existed just
before the default," S&P said.


AES EASTERN: $433MM Certificates Get Default Rating From Fitch
--------------------------------------------------------------
Fitch Ratings has downgraded a total of $433.1 million outstanding
secured pass-through trust certificates at AES Eastern Energy LP
(AEE) to 'D' from 'C.'  The downgrade is due to AEE's Chapter 11
bankruptcy filing that occurred on December 30, 2011.  The trust
certificate debt is structured to be serviced by cash flow from
lease payments made by AEE under two leveraged leases.

Fitch has taken these rating actions:

AES Eastern Energy Pass-Through Trusts:

  -- $165 million outstanding series 1999-A certificates, due
     2017, downgraded to 'D' from 'C';

  -- $268 million outstanding series 1999-B certificates, due
     2029, downgraded to 'D' from 'C'.

The Series 1999-A and 1999-B trust certificates are issued by two
bankruptcy-remote Pass-Through Trusts, which hold the Secured
Lessor Notes as their only property.  The Secured Lessor Notes are
secured by a first priority security interest in the Somerset and
Cayuga leases, including the right to receive payments of periodic
rent and other payments; an undivided interest in the in the
leases; the Participation Agreements of the leases; the Facility
Site Lease and Sublease; the Facilities Support Agreements of the
leases; a portion of the Rent Reserve and Special Rent Reserve
Accounts of the leases; and the Coal Hauling Agreement with
Somerset Railroad.

As part of its Chapter 11 reorganization filing, AEE has agreed in
principal to sell the Somerset and Cayuga coal-fired power plants
to a subset of its existing trust certificate holders under a non-
binding term sheet dated Dec. 30, 2011.  The two coal-fired plants
are expected to remain in operation during the bankruptcy case.

AEE is a special purpose entity that is indirectly wholly owned by
AES Corporation, which is rated 'B+' with a Stable Outlook by
Fitch. AEE operates four coal-fired electricity generating
facilities with a gross capacity of 1,169 megawatts Of the four
plants AEE operates, AEE leases two: the Somerset and Cayuga
plants.  AEE sells electricity into the spot market at prevailing
New York Independent System Operator wholesale market prices.


AES NEW YORK: Case Summary & 6 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: AES New York Equity, LLC
         2711 Centerville Road
         Wilmington, DE 19808

Bankruptcy Case No.: 11-14152

Chapter 11 Petition Date: December 31, 2011

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

Debtor's Counsel: J. Kate Stickles, Esq.
                  COLE, SCHOTZ, MEISEL, FORMAN & LEONARD, P.A.
                  500 Delaware Avenue, Suite 1410
                  Wilmington, DE 19801
                  Tel: (302) 652-3131
                  Fax: (302) 652-3117
                  E-mail: kstickles@coleschotz.com

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

Estimated Debts: $0 to $50,000

The petition was signed by Joel Abramson, president.

Affiliates that filed separate Chapter 11 petitions:

        Entity                        Case No.
        ------                        --------
AES New York Surety, L.L.C.           11-14140
AES New York Holdings, L.L.C.         11-14143
AES NY, L.L.C.                        11-14146
AES NY2, L.L.C.                       11-14148
AES NY3, L.L.C.                       11-14150
AES Creative Resources, L.P.          11-14139
AES Jennison, L.L.C.                  11-14144
AES Hickling, L.L.C.                  11-14142
AES Eastern Energy, L.P.              11-14138
AES Somerset, L.L.C.                  11-14149
AES Cayuga, L.L.C.                    11-14145
AEE2, L.L.C.                          11-14141
AES Greenidge, L.L.C.                 11-14147
AES Westover, L.L.C.                  11-14151
AES Thames, LLC                       11-10334

Debtor's List of Its Six Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Dana Commercial Credit Corporation --                      Unknown
8000 Yankee Road
Ottawa Lake, MI 49267

Dana Credit Corporation            --                      Unknown
8000 Yankee Road
Ottawa Lake, MI 49267

Dana Lease Finance                 --                      Unknown
8000 Yankee Road
Ottawa Lake, MI 49267

DCC Project Finance Fifteen, Inc.  --                      Unknown

DCC Project Finance Fourteen, Inc. --                      Unknown

Wilmington Trust Company           --                      Unknown


ALEXANDER GALLO: Can Assume/Reject Leases Until April 4
-------------------------------------------------------
The Hon. Allan L. Gropper of the U.S. Bankruptcy Court for the
Southern District of New York extended, at the behest of Alexander
Gallo Holdings, LLC, the period within which Debtors may assume or
reject the leases of nonresidential real property that have not
previously been assumed or rejected by 90 days through and
including April 4, 2012.

On Nov. 10, 2011, the Court entered an order approving the sale of
substantially all of the Debtors' assets to Bayside Gallo
Acquisition, LLC, pursuant to the Asset Purchase Agreement dated
as of Oct. 6, 2011.  The APA provides, in pertinent part, that "in
the event that (Purchaser) is unable to determine to direct the
(Debtors) to assume or reject . . . an unexpired lease prior to
the date that is five business days prior to the closing date,
then each such contract and lease shall, pursuant to Section 365
of the Bankruptcy Code and any order of the Bankruptcy Court, be
neither rejected nor assumed until [the Purchaser] so directs [the
Debtors], provided that the (i) cure costs in respect of such
assumed contracts and (ii) administrative expenses that are
incurred from the closing date through the date that such contract
or lease is either assumed or rejected shall be paid by (the
Purchaser)."

The sale closed on Nov. 23, 2011.

On Nov. 17, 2011, the Court authorized the Debtors to assume and
assign to the Purchaser certain of the Debtors' nonresidential
real property leases.  On Dec. 14, 2011, the Court authorized the
Debtors to (a) assume and assign to the Purchaser certain of the
Debtors' nonresidential real property leases and (b) reject
certain of the Debtors' nonresidential real property leases.

There are 36 remaining leases.  The Debtors and the Purchaser have
been diligently evaluating which of the Remaining Leases should be
assumed and assigned to the Purchaser and (a) negotiating the cure
amounts associated with the Remaining Leases, (b) negotiating
amendments to the Remaining Leases, (c) negotiating new leases
with current landlords or (d) locating reasonable alternative
locations in lieu of assuming the Remaining Leases.

The Debtors or the Purchaser are making timely payments for the
use of the premises associated with the Remaining Leases, and are
continuing to perform their other obligations under the Remaining
Leases in a timely fashion.

The Debtors assured the Court that their proposed extension of the
time to assume or reject the Remaining Leases could or would
damage the lessors that are party to the Remaining Leases in an
amount beyond compensation as is available to the lessors under
the Bankruptcy Code.  Pending the Debtors' election to assume or
reject the Remaining Leases, the Debtors will continue to perform
all of their undisputed obligations arising after the Petition
Date, including the payment of postpetition rent, in a timely
fashion.

The Remaining Leases remain valuable assets of the Debtors and the
Debtors' estates until it is determined that they will not be
included as consideration for the Sale pursuant to the APA.  The
Debtors and the Purchasers are diligently working to determine
which Remaining Leases are to be assumed and assigned to the
Purchasers as part of the Sale.  The Debtors said that they should
not be forced to incur administrative claims or reject what may
prove to be necessary assets under the APA before they have had a
full opportunity to explore their options with respect to the
Remaining Leases.

                       About Alexander Gallo

Marietta, Georgia-based Alexander Gallo Holdings LLC --
http://www.alexandergalloholdings.com-- is the largest full
service, IT-enabled court reporting and litigation support
services company in the United States.  AGH offers court
reporting, litigation support, trial software and other similar
services and has the only true national footprint in its market,
with roughly 55 offices located throughout the United States, and
a preferred provider network which serves as an extension of
Alexander Gallo's geographic reach.  Founded in 1999 by Alexander
J. Gallo, a former court reporter, AGH has made 18 acquisitions
since 2003.  Mr. Gallo has remained as CEO.

AGH, along with affiliates, filed for Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 11-14220) on Sept. 7, 2011.
Alexander Gallo will sell the business via 11 U.S.C. Sec. 363 to
Bayside Capital Inc., which had acquired $22 million in second-
lien debt.  The price wasn't disclosed.

Alexander Gallo disclosed assets of $208 million and debt totaling
$258 million as of June 30, 2011.  Liabilities include $47 million
on a first-lien revolving credit and term loan where Wells Fargo
Bank NA is agent.  In addition to the second-lien debt held by
Bayside, there is $33 million in junior unsecured subordinated
notes owing to Harvest Equity Partners LLC plus another
$148 million in junior unsecured subordinated notes owing to
insider Gallo Holdings LLC.  As reported in the Troubled Company
Reporter on Nov. 1, 2011, the Alexander Gallo disclosed
$41,981,048 in assets and $259,153,046 in liabilities as of the
Chapter 11 filing.

Bayside is providing $20 million in financing for the Chapter 11
effort.  The new loan will have a first priority lien on
unencumbered assets and a lien behind the first-lien debt.

Bankruptcy Judge Allan J. Gropper presides over the case.  Thomas
R. Califano, Esq., Jeremy R. Johnson, Esq., Esq., and Daniel G.
Egan, Esq., at DLA Piper LLP (US), in New York, serve as the
Debtors' general counsel.  Squire, Sanders & Demsey (US) LLP
serves as the Debtor's corporate counsel.  The Debtors' financial
advisor is Gordian Group, LLC.  Marc L. Pfefferle, a partner at
Carl Marks Advisory Group LLC, serves as the Debtors' chief
restructuring advisor.  Kurtzman Carson Consultants LLC serves as
the Debtor's claims agent.  KPMG LLP serves as their auditors to
provide auditing, tax compliance and tax consulting services.


AMERICAN SCIENTIFIC: Howard Taylor Named to Board of Directors
--------------------------------------------------------------
Howard Taylor was appointed to the board of directors of American
Scientific Resources, Incorporated, on Dec. 29, 2011.

Mr. Taylor brings over 25 years of experience in capital markets
senior management, including investment banking and the
structuring of numerous transactions for both public and private
companies.  Since 1995, Mr. Taylor has served as the Chief
Executive Officer of Concorde Capital Limited, a Bermuda based
private consulting company and investment fund, with extensive
experience in the sourcing, structuring, funding and management of
private placements and private equity transactions.  Mr. Taylor
has managed, from new business development through to execution,
many investments and placements of transactions across a broad
industry spectrum with additional proven public company compliance
and Sarbanes Oxley experience.  Mr. Taylor possesses high level
client and investor contact with related duties including ongoing
client company management, liaison with external professional
advisers and vendors, fulfillment of regulatory and compliance
requirements and investment decision-making and timing.  Mr.
Taylor is also currently a director and shareholder of Villa Care
Limited, a UK based care home operating and property company.  The
Company believes that Mr. Taylor's executive management expertise
and knowledge of the capital markets make him a valuable member to
the Company's board of directors.

Mr. Taylor does not have a family relationship with any of the
current officers or directors of the Company.

                     About American Scientific

Weston, Fla.-bases American Scientific Resources, Inc., provides
healthcare and medical products.  The Company develops,
manufactures and distributes healthcare and medical products
primarily to retail drug chains, retail stores specializing in
sales of products for babies and medical supply dealers.  The
Company does sub-component assembly and packaging for the
Disintegrator product line.  All of the Company's other products
are manufactured by third parties.  The Company was comprised of
three subsidiaries: (i) Kidz-Med, Inc., (ii) HeartSmart, Inc., and
(iii) Ulster Scientific, Inc., of which only Kidz-Med was active
until Dec. 31, 2010.  All subsidiaries are currently inactive.

The Company reported a net loss applicable to common shareholders
of $6.92 million on $763,020 of net product sales for the nine
months ended Sept. 30, 2011, compared with a net loss applicable
to common shareholders of $4.78 million on $578,961 of net product
sales for the same period a year ago.

The Company's balance sheet at Sept. 30, 2011, showed
$1.26 million in total assets, $9.21 million in total liabilities,
and a $7.95 million total shareholders' deficit.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
expressed substantial doubt about American Scientific Resources'
ability to continue as a going concern, following the Company's
2010 results.  The independent auditors noted that the Company has
suffered recurring losses, its current liabilities exceed its
current assets and it is in default with certain of its
obligations.


ARUNA CHOPRAS: Blames Prior Lot Owner for Chapter 11 Bankruptcy
---------------------------------------------------------------
Garth Stapley at the Modesto Bee reports that Aruna Chopra and her
husband, Sawtantra, the principal developer behind plans for an
urban village near Modesto's Kaiser hospital, filed for Chapter 11
bankruptcy protection on Dec. 30, 2011.

According to the report, the bankruptcy petition estimates the
Chopras' assets and liabilities from $10 million to $50 million.
The filing is incomplete and additional documents must be
submitted by Jan. 13, 2012, or the petition could be thrown out.

According to the report, the Chopras listed debts of $8.2 million
tied to property on Dale Road across from the hospital.  The
Chopras have hoped to build Modesto's first IMAX theater and an
urban village featuring luxury condos, a bowling alley, hotel,
gym, restaurants and a plaza with fountains.

The report says a notice faxed on Jan. 2, 2012, from Chopra
Development Enterprises and the Chopras blamed development
problems on a legal maneuver employed by the property's former
owners who retained a huge interest in the land as part of the
sale. The former owners recorded a lis pendens, or public notice
regarding title to protect their interests after discovering that
Aruna Chopra had used the property to obtain new loans without
their knowledge, according to a lawsuit filed in April. The
lawsuit alleges that someone forged signatures to conceal Chopra's
debt on the land, allowing her to use it to secure $2.5 million
more in new loans.

According to the report, the plaintiff's attorney has said his
clients cooperated with the district attorney and the FBI. The lis
pendens "created a legal constraint that prevented further
progress on the development."  Specifically, Chopra could not get
financing for roads and water and sewer services, and bonds
through City Hall fell apart.

The report, citing court documents, says several lenders on
various deals have sued Aruna Chopra and her company for a
combined $15 million.  The Chopras invested $16.4 million buying
land and lining up city approval, while a Sacramento appraiser
commissioned by City Hall valued the 39-acre Dale Road project at
less than $4.8 million in March.


ATLANTIC HOUSE: Eight Condominiums Placed on Auction Block
----------------------------------------------------------
Susan Morse at Seacoastonline.com reports that eight Atlantic
House condominiums are scheduled for auction for the third time
since May, but principal owner Lorri O'Brien is hoping for an 11th
hour savior who will offer financing.

According to the report, an estimated $5 million is needed to pay
the current, short-term mortgage held by Lawrence Investment
Holdings, Inc.  Lawrence Investment Holding is represented by
attorney Steven Cope of Portland.

The report says Tranzon Auction Properties of Portland is
scheduled to auction Units 8-12 and 14-16 at 11 a.m. on Jan. 19,
on site, at 2 Beach St., York.

The report relates that Ms. O'Brien is talking to her attorney to
see if bankruptcy may again be an option before the Jan. 19
foreclosure auction.

Atlantic House at York Beach, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D. Maine Case No. 11-21395) on Sept. 27, 2011.
Peter G. Cary, Esq., at Mittel Asen, LLC, in Portland, Maine,
served as counsel.  The Debtor estimated assets and debts of
$1 million to $10 million.

Kearsarge House filed for bankruptcy under Chapter 11 in August
2011.  The case was combined with the Chapter 11 bankruptcy of the
Atlantic House.


BASHAS' INC: GA Capital Arranges $95 Mil. Loan for Ariz. Grocer
---------------------------------------------------------------
GA Capital, LLC, a subsidiary of Great American Group, LLC (OTCBB:
GAMR), will serve as the administrative agent and collateral agent
on a $95 million secured term loan facility to Bashas', Inc., an
Arizona-based, family-owned and operated grocery chain.

The $95 million term loan facility, which matures in 2015, is part
of a larger re-financing effort by the company, which includes a
new $75 million senior secured asset-based credit facility that
matures in December 2015.

"We are thrilled to have completed this transaction with the
Bashas? ownership and management team and look forward to growing
the relationship," said Daniel Platt, President of GA Capital.

Darl Andersen, President and CEO of Bashas?, Inc. said, "This new
banking relationship demonstrates lenders? confidence in Bashas?
Family of Stores. Our improved operations put the Company in a
position to be attractive to new lenders. This allowed us to
restructure our secured debt faster than planned."

Term loan lenders include funds managed by an affiliate of Stone
Tower Capital, LLC, and funds managed by Tennenbaum Capital
Partners, LLC, Wells Fargo Capital Finance and GB Merchant
Partners, LLC.

Brothers Ike and Eddie Basha, Sr. opened the first Bashas' grocery
store in 1932.  Bashas', Inc. -- http://bashas.com/-- is family-
owned and operates more than 130 grocery stores under the Bashas',
AJ's Fine Foods, and Food City names in 15 Arizona counties.
Bashas', Inc., sought chapter 11 protection (Bankr. D. Ariz. Case
No. 09-16050) on July 12, 2009, and emerged from chapter 11 in
2010, under the terms of a confirmed plan promising creditors
repayment in full over many years.

GA Capital, based in Boston, is a provider of junior secured loans
to companies in need of growth capital, working capital and
turnaround financing.

                    About Great American Group

Great American Group, LLC is a provider of asset disposition
solutions and valuation and appraisal services to a wide range of
retail, wholesale and industrial clients, as well as lenders,
capital providers, private equity investors and professional
service firms.  Great American Group has offices in Atlanta,
Boston, Chicago, Dallas, London, Los Angeles, New York and San
Francisco.


BEAR MOUNTAIN: Wants Exclusive Filing Period Extended to March 29
-----------------------------------------------------------------
Bear Mountain Ranch Holdings, LLC, asks the U.S. Bankruptcy
Court for the Eastern District of Washington to extend the
exclusive periods within which only the Debtors can file a plan
from Dec. 30, 2011, to March 29, 2012, and the period to secure
acceptance of a plan from Feb. 28, 2012, to May 28, 2012.

The Debtor's Chapter 11 case is relatively large and complex,
involving extensive real estate holdings and operating orchard
properties.  The liabilities and contractual relationships of the
Debtor are significant, with cross guarantees among related
entities, and issues regarding the enforceability of claims, the
enforceability of security interests, and the analysis and
treatment of prima facie avoidance claims.

Barry W. Davidson, Esq., representing the Debtor, assures the
Court that the Debtor not seeking to use exclusivity to pressure
creditors into accepting a plan they find unacceptable.  The
relief requested will allow the Debtor a full and fair opportunity
to negotiate, propose, and seek acceptances of a Chapter 11 plan.
The Debtor is proceeding in good faith with substantial progress
in negotiations with creditors, but needs additional time to
resolve important contingencies.

                 About Bear Mountain Ranch Holdings

Chelan, Washington-based Bear Mountain Ranch Holdings, LLC, fka
Bear Mountain, LLC, and dba Bear Mountain Orchards, filed for
Chapter 11 bankruptcy (Bankr. E.D. Wash. Case No. 11-04354) on
Sept. 1, 2011, before Judge Patricia C. Williams.  Barry W.
Davidson, Esq. -- cnickerl@dbm-law.net -- at Davidson Backman
Medeiros PLLC, serves as the Debtor's counsel.  The Debtor
disclosed $13,005,047 in assets and $4,439,811 in liabilities as
of the Chapter 11 filing.

Robert D. Miller Jr., U.S. Trustee informed the Court that he is
not appointing an official committee of unsecured creditors in the
Debtor's bankruptcy case due to the lack of entities eligible to
serve on the unsecured creditors' committee.


BIO FORCE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Bio Force Nanosciences, Inc.
        1333 W. Devon
        Chicago, IL 60660

Bankruptcy Case No.: 11-04906

Chapter 11 Petition Date: December 29, 2011

Court: U.S. Bankruptcy Court
       Southern District of Iowa (Des Moines)

Judge: Anita L. Shodeen

Debtor's Counsel: Michael P. Mallaney, Esq.
                  HUDSON, MALLANEY, SHINDLER & ANDERSON, P.C.
                  5015 Grand Ridge Drive, Suite 100
                  West Des Moines, IA 50265-5749
                  Tel: (515) 223-4567
                  Fax: (515) 223-8887
                  E-mail: mpmallaney@hudsonlaw.net

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

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

The Company?s list of its 20 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/iasb11-04906.pdf

The petition was signed by Kerry Frey, president & CEO.


CHURCH OF OMAHA: Case Summary & 4 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: The Church Of Omaha, A United Pentecostal Church, Inc.
        3715 North 104th Avenue
        Omaha, NE 68134

Bankruptcy Case No.: 11-83138

Chapter 11 Petition Date: December 29, 2011

Court: U.S. Bankruptcy Court
       District of Nebraska (Omaha Office)

Debtor's Counsel: David Grant Hicks, Esq.
                  POLLAK & HICKS PC
                  6910 Pacific Street, #216
                  Omaha, NE 68106
                  Tel: (402) 345-1717
                  E-mail: dhickslaw@aol.com

Scheduled Assets: $1,230,487

Scheduled Liabilities: $791,315

The Company?s list of its four largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/neb11-83138.pdf

The petition was signed by Myron Powell, pastor.


CAMARILLO PLAZA: Sec. 341 Meeting of Creditors Today
----------------------------------------------------
The U.S. Trustee for Region 16 will convene a meeting of the
creditors of Camarillo Plaza, LLC, on January 5, 2012, at
11:00 a.m. at:

         128 East Carrillo Street
         Santa Barbara, CA 93101

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

The meeting offers creditors a one-time opportunity to examine
the Debtors' representative under oath about the Debtors'
financial affairs and operations that would be of interest to the
general body of creditors.  Attendance by the Debtor's creditors
at the meeting is welcome, but not required.

Shopping center operator Camarillo Plaza, LLC, based in Los
Angeles, California, filed for Chapter 11 bankruptcy (Bankr. C.D.
Calif. Case No. 11-59637) on Dec. 5, 2011.  Judge Sheri Bluebond
was assigned to the case.  At the Debtor's behest the next day,
the case was transferred to the Northern Division (Bankr. C.D.
Calif. Case No. 11-bk-15562).  The case in the Los Angeles
Division was closed, and Judge Robin Riblet replaced Judge
Bluebond.

The Debtor scheduled assets of $21,646,714 and liabilities of
$12,286,585.  The petition was signed by Aaron Arnold Klein,
managing partner.  Janet A. Lawson, Esq. --
jlawsonlawyer@gmail.com -- serves as the Debtor's counsel.


CAVE LAKES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Cave Lakes Canyon, LLC
        7272 South El Capitan Way
        Las Vegas, NV 89148

Bankruptcy Case No.: 12-10008

Chapter 11 Petition Date: January 3, 2011

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

Judge: Bruce A. Markell

Debtor's Counsel: Neil J. Beller, Esq.
                  NEIL J. BELLER, LTD
                  7408 W. Sahara Avenue
                  LAS VEGAS, NV 89117
                  Tel: (702) 368-7767
                  Fax: (702)368-7720
                  E-mail: nbeller@njbltd.com

Scheduled Assets: $18,010,913

Scheduled Liabilities: $3,984,861

The petition was signed by Randel W. Aleman of Desert Oasis
Management, Inc., manager.

Debtor's List of Its 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
TC Engineering                     --                     $134,250
P.O. Box 55
Kanab, UT 84741

Bighorn Archeology                 --                      $50,000
3706 Nocholas Drive
Santa Clara, UT 84765

R&W Excavating, Inc.               --                      $48,789
1475 W. Field Avenue
Hildale, UT 84784

Kane County Treasurer              --                      $39,886

Max and Marcella Berry             Loan                    $20,000

Sklar Williams, LLP                --                      $14,526

Oculus Media                       --                      $10,975

Antonio Roodriguez                 --                       $9,650

Morley & McConkle                  --                       $9,000

Equity Escrow Company              --                       $6,979

Encore Management Services         --                       $6,250

NRG Solar Products                 --                       $4,943

Diana Biocheff                     --                       $2,176

Greent Robert & Rassumussen, PLLC  --                       $1,950

Coast Gas                          --                       $1,773

Cluff Well                         --                       $1,711

South West Sales & Services        --                       $1,015

15 Yurts                           --                         $500

RD Enterprises, Inc.               --                         $240

Salomon Alvarez                    --                         $214


CELL THERAPEUTICS: FDA to Review Resubmitted Pixantrone NDA
-----------------------------------------------------------
Cell Therapeutics, Inc., announced that on Feb. 9, 2012, the U.S.
Food and Drug Administration's Oncologic Drugs Advisory Committee
will review CTI's resubmitted New Drug Application for pixantrone
for the treatment of relapsed or refractory aggressive non-
Hodgkin's lymphoma in patients who failed two or more lines of
prior therapy.  ODAC is a panel of experts that evaluates data
concerning the efficacy and safety of marketed and investigational
products for use in the treatment of cancer and makes
recommendations to the FDA.  The FDA will consider the
recommendation of the panel, but the final decision regarding the
approval of the product is made by the FDA.

"We are pleased the Office of Oncology Drug Products (OODP) chose
to bring our pixantrone NDA back to ODAC for review now that we
have provided additional information and data recommended by the
Office of New Drugs (OND) that we believe addresses the issues
raised in the OODP Complete Response Letter of April 2010," stated
James A. Bianco, CEO of CTI.  "We believe the NDA demonstrates
that pixantrone has a favorable benefit risk profile compared to
standard chemotherapy in patients with relapsed or refractory
aggressive NHL, a patient population for which there are no
approved agents."

                      About Cell Therapeutics

Headquartered in Seattle, Washington, Cell Therapeutics, Inc.
(NASDAQ and MTA: CTIC) -- http://www.CellTherapeutics.com/-- is a
bi4opharmaceutical company committed to developing an integrated
portfolio of oncology products aimed at making cancer more
treatable.

The Company reported a net loss of $82.64 million on $319,000 of
revenue for the 12 months ended Dec. 31, 2010, compared with a net
loss of $82.64 million on $80,000 of total revenue during the same
period in 2009.

The Company also reported a net loss attributable to CTI of
$53.39 million on $0 of revenue for the nine months ended
Sept. 30, 2011, compared with a net loss attributable to CTI of
$62.92 million on $319,000 of total revenues for the same period
during the prior year.

The Company's balance sheet at Sept. 30, 2011, showed
$62.85 million in total assets, $33.89 million in total
liabilities, $13.46 million in common stock purchase warrants, and
$15.49 million total shareholders' equity.

Marcum LLP, in San Francisco, Calif., expressed substantial doubt
about the Company's ability to continue as a going concern in its
audit reports for the financial statements for 2009 and 2010.  The
independent auditors noted that the Company has incurred losses
since its inception, and has a working capital deficiency of
approximately $14.2 million at Dec. 31, 2010.

                        Bankruptcy Warning

The Company has incurred losses since inception and expect to
generate losses for the next few years primarily due to research
and development costs for Pixuvri, OPAXIO, tosedostat,
brostallicin and bisplatinates.

If the Company receives approval of Pixuvri by the European
Medicines Agency or the Food and Drug Administration, the Company
would anticipate additional commercial expenses associated with
Pixuvri operations.  Accordingly, the Company will need to raise
additional funds and is currently exploring alternative sources of
equity or debt financing.  The Company may seek to raise such
capital through public or private equity financings, partnerships,
joint ventures, disposition of assets, debt financings or
restructurings, bank borrowings or other sources of financing.
However, additional funding may not be available on favorable
terms or at all.  If additional funds are raised by issuing equity
securities, substantial dilution to existing shareholders may
result.  If the Company fails to obtain additional capital when
needed, the Company may be required to delay, scale back, or
eliminate some or all of its research and development programs and
may be forced to cease operations, liquidate its assets and
possibly seek bankruptcy protection.


CHAMPION INDUSTRIES: Signs Forbearance Pact with Fifth Third Bank
-----------------------------------------------------------------
Fifth Third Bank, as Administrative Agent under a Credit Agreement
dated Sept. 14, 2007, the Lenders, Champion Industries, Inc., all
its subsidiaries and Marshall T. Reynolds entered into a Limited
Forbearance Agreement and Third Amendment to Credit Agreement
which provides, among other things, that during a forbearance
period commencing on Dec. 28, 2011, and ending on April 30, 2012,
the Required Lenders are willing to temporarily forbear exercising
certain rights and remedies available to them, including
acceleration of the obligations or enforcement of any of the liens
provided for in the Credit Agreement.  Champion acknowledged in
the Forbearance Agreement that as a result of the existing
defaults, the Lenders are entitled to decline to provide further
credit to Champion, to terminate their loan commitments, to
accelerate the outstanding loans, and to enforce their liens.

On Dec. 12, 2011, Fifth Third Bank had sent Champion a Notice of
Default and Reservation of Rights, advising that Champion's
default under provisions of the Credit Agreement requiring it to
maintain certain financial ratios constituted an Event of Default
under the Credit Agreement.

The Notice of Default also advised that the Administrative Agent
had not waived the Event of Default and reserved all rights and
remedies as a result thereof.  Those remedies include, under the
Credit Agreement, the right to accelerate and declare due and
immediately payable the principal and accrued interest on all
loans outstanding under the Credit Agreement.

The Notice of Default further stated that any extension of
additional credit under the Credit Agreement would be made by the
lenders in their sole discretion without any intention to waive
any Event of Default.

At Dec. 28, 2011, the outstanding principal balance of Champion's
obligations under the Credit Agreement totaled approximately
$47,609,720.

The Forbearance Agreement provides that during the forbearance
period, so long as Champion meets the conditions of the
Forbearance Agreement, it may continue to request credit under the
revolving credit line.

The Forbearance Agreement requires Champion to:

   (a) engage a chief restructuring advisor to assist in
       developing a written restructuring plan for Champion's
       business operations;

   (b) submit a restructuring plan to the Administrative Agent by
       Feb. 19, 2012;

   (c) provide any consultant retained by the Administrative Agent
       with access to the operations, records and employees of
       Champion;

   (d) attain revised minimum EBITDA covenant targets; and

   (e) provide additional financial reports to the Administrative
       Agent.

The Forbearance Agreement provides that the credit commitment
under the Credit Agreement is $15,000,000 and provides for a
$1,450,000 reserve against the Credit Agreement borrowing base.

The Forbearance Agreement provides that $2,000,000 of the
$2,500,000 cash collateral held by the Administrative Agent
pursuant to the Contribution Agreement and Cash Collateral
Security Agreement dated March 31, 2010, among Champion, Marshall
Reynolds and the Administrative Agent will be applied at the
execution of the Forbearance Agreement to the outstanding term
loans in inverse order of maturity, which shall satisfy in full
(a) any fixed charge violation as of Oct. 31,2011, and during the
forbearance period and (b) any excess cash flow payment due under
the Credit Agreement during the forbearance period.  If Champion,
the Administrative Agent and applicable lenders do not enter into
a new agreement or an amendment to the Forbearance Agreement by
April 30, 2012, the defaults will be deemed existing and uncured
and any remaining funds in the cash collateral account will be
immediately available to the Administrative Agent pursuant to the
Contribution Agreement.

Champion has paid to the Administrative Agent a nonrefundable
forbearance fee of $50,884 upon execution of the Forbearance
Agreement.

A full-text copy of the Limited Forbearance Agreement is available
for free at http://is.gd/eIdRzF

                    About Champion Industries

Champion Industries, Inc., is a commercial printer, business forms
manufacturer and office products and office furniture supplier in
regional markets in the United States.  The Company also publishes
The Herald-Dispatch daily newspaper in Huntington, WV.  The
Company's sales force sells printing services, business forms
management services, office products, office furniture and
newspaper advertising. Its subsidiaries include Interform
Corporation, Blue Ridge, Champion Publishing, Inc., The Dallas
Printing, The Bourque Printing, The Capitol, and The Herald-
Dispatch.


CLARE AT WATER: Files Schedules of Assets and Liabilities
---------------------------------------------------------
The Clare at Water Tower filed with the U.S. Bankruptcy Court for
the Northern District of Illinois its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $47,537,779
  B. Personal Property            $9,093,606
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $232,606,603
  E. Creditors Holding
     Unsecured Priority
     Claims                                                 $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $81,561,219
                                 -----------       -----------
        TOTAL                    $56,631,385      $314,167,822

                 About The Clare at Water Tower

The Clare at Water Tower is an upscale 334-unit high-rise
continuing-care retirement community in Chicago, Illinois.  The
project is only 42% occupied because the target population either
hasn't been able to sell homes or lacks sufficient cash to make
required deposits as the result declining investments following
the recession.  The facility is a 53-story building on land rented
from Loyola University of Chicago.  The facility is managed and
developed by a unit of the Franciscan Sisters of Chicago, who
invested more than $14 million.  The project opened in December
2008.  Residents must make partially refundable deposits ranging
from $263,000 to $1.2 million.  Monthly fees are an additional
$2,700 to $5,500.

The Clare filed for Chapter 11 protection (Bankr. N.D. Ill. Case
No. 11-46151) on Nov. 14, 2011, after defaulting on $229 million
in tax-exempt bond financing used to build the project.

Judge Susan Pierson Sonderby presides over the case.  Matthew M.
Murphy, Esq., at DLA Piper LLP, serves as the Debtor's counsel.
Epiq Bankruptcy Solutions serves as claims and noticing agent.  In
its petition, the Debtor estimated $100 million to $500 million in
assets and debts.  The petition was signed by Judy Amiano,
president.

Counsel to Redwood Capital Investments LLC as DIP Lender are Mark
A. Berkoff, Esq., and Nicholas M. Miller, Esq., at Neal Gerber &
Eisenberg LLP.  Bond Trustee, The Bank of New York Mellon Trust
Company, is represented by Clifton R. Jessup, Jr., Esq., at
Greenberg Traurig.  Counsel to Bank of America, N.A., the Debtor's
prepetition lender, is Brian I. Swett, Esq., at Winston & Strawn
LLP.  Counsel for the majority fixed rate bonds is Nathan F. Coco,
Esq., at McDermott Will & Emery LLP.  Loyola, the Debtor's
landlord, is represented by Timothy R. Casey, Esq., at Drinker
Biddle & Reath LLP.

The United States Trustee in Chicago appointed seven members to
the official committee of unsecured creditors.


CLIVER DEVELOPMENT: Hires Patrick McGoldrick as Accountant
----------------------------------------------------------
Cliver Development, Inc., asks the U.S. Bankruptcy Court for the
District of Colorado for permission to employ Patrick McGoldrick
as accountant to prepare the Debtor's tax returns and assist in
the preparation of monthly operating reports.

Mr. McGoldrick attests that he is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

Mr. McGoldrick's hourly rate is $70.00 per hour.

                     About Cliver Development

Cliver Development, Inc., engages in single family homes
construction.  It was incorporated in 1999 and is based in
Edwards, Colorado.  Cliver Development filed for Chapter 11
bankruptcy protection (Bankr. D. Colo. Case No. 11-31857) on
Sept. 14, 2011.  The Hon. Howard R. Tallman presides over the
case.  David Wadsworth, Esq., and Regina Ries, Esq., at Sender &
Wasserman, P.C., serve as the Debtor's bankruptcy counsel.  In its
schedules, the Debtor disclosed $10,301,727 in assets and
$11,276,483 in liabilities as of the Petition Date.


COUNTY SQUARE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: County Square LLC
        aka Restaurante Pikayo
        P.O. Box 16619
        San Juan, PR 00908 6619

Bankruptcy Case No.: 11-11160

Chapter 11 Petition Date: December 30, 2011

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

Debtor's Counsel: William M. Vidal. Esq.
                  WILLIAM VIDAL-CARVAJAL LAW OFFICE, P.S.C.
                  MCS Plaza
                  255 Ponce De Leon Ave Suite 801
                  San Juan, PR 00917
                  Tel: (787) 764-6867 - 399-6415
                  Fax: (787) 764-6496
                  E-mail: william.m.vidal@gmail.com

Scheduled Assets: $1,835,327

Scheduled Liabilities: $1,611,522

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/prb11-11160.pdf

The petition was signed by William Benet Stella, president.


CUBIC ENERGY: Receives Non-Compliance Notice From NYSE Amex
-----------------------------------------------------------
Cubic Energy, Inc. received a letter on Dec. 27, 2011, from NYSE
Amex, LLC stating that based on the information contained in the
Company's Quarterly Report on Form 10-Q for the quarter ended
Sept. 30, 2011, the Company is not in compliance with Section
1003(a)(iii) of the Exchange's Company Guide because the Company
has stockholders' equity of less than $6,000,000 and losses from
continuing operations and/or net losses in five consecutive fiscal
years and Section 1003(a)(ii) of the Exchange's Company Guide
because the Company has stockholders equity of less than
$4,000,000 and losses from continuing operations and/or net losses
in three out of its four most recent fiscal years.

The Company intends to submit a plan to the Exchange by Jan. 27,
2012 detailing how it intends to regain compliance with Section
1003(a)(ii) and (iii) of the Exchange's Company Guide within a
maximum of 18 months.  If the Company does not submit a plan, the
plan is not accepted, the Company does not make progress
consistent with an accepted plan, or the Company is not in
compliance with the continued listing standards by the end of the
compliance period, the Company is subject to delisting
proceedings.  The Company would be entitled to appeal a
determination by the Exchange to initiate delisting proceedings.

Cubic has engaged the services of Donohoe Advisory Associates LLC
to, along with securities counsel, advise it and assist it in the
preparation and presentation of its definitive plan to the
Exchange.

Cubic Energy, Inc. -- http://www.cubicenergyinc.com/is an
independent company engaged in the development and production of,
and exploration for, crude oil and natural gas.  The Company's oil
and gas assets and activity are concentrated primarily in the
Haynesville Shale Play located in Northwest Louisiana.

DANVILLE LAND: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Danville Land Investments, LLC
          aka DSN 290, LLC
        c/o Janas Consulting
        201 S. Lake Avenue, Suite 302
        Pasadena, CA 91101-3023

Bankruptcy Case No.: 11-62685

Chapter 11 Petition Date: December 29, 2011

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

Debtor's Counsel: Brian L. Davidoff, Esq.
                  RUTTER HOBBS & DAVIDOFF INCORPORATED
                  1901 Avenue Of The Stars, Suite 1700
                  Century City, CA 90067
                  Tel: (310) 286-1700
                  Fax: (310) 286-1728
                  E-mail: bdavidoff@rutterhobbs.com

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

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

The Company?s list of its 20 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/cacb11-62685.pdf

The petition was signed by Hugh Scheffy, liquidating trustee.

Affiliates that filed separate Chapter 11 petitions:

        Entity                         Case No.      Petition Date
        ------                         --------      -------------
Alameda Investments, LLC               09-10348           01/09/09
Liberty Holdings Group, LLC            09-13484           02/26/09
Walnut Creek Development Company, LLC  11-24791           04/05/11


EASTMAN KODAK: Said to Be In Talks for $1BB Bankruptcy Financing
----------------------------------------------------------------
The Wall Street Journal's Mike Spector and Dana Mattioli report
that people familiar with the matter said Eastman Kodak Co. is
preparing for a Chapter 11 bankruptcy-protection filing in the
coming weeks should efforts to sell a trove of digital patents
fall through.

Sources told the Journal Kodak is in discussions with potential
lenders for around $1 billion in so-called debtor-in possession
financing that would keep it afloat during bankruptcy proceedings.
According to the Journal, people familiar with the matter said
Kodak is in discussions with large banks including J.P. Morgan
Chase & Co., Citigroup Inc. and Wells Fargo & Co. for those funds.
Kodak has also held discussions with bondholders about a
bankruptcy financing package, the people said.  Another hedge fund
that doesn't hold Kodak debt, Cerberus Capital Management LP, has
also held talks with Kodak on behalf of a group willing to provide
the financing, the people said.

A filing could occur as soon as this month or early February, one
of the people told WSJ.  The source said that Kodak would then try
to sell its portfolio of 1,100 patents through a court-supervised
bankruptcy auction.

WSJ relates a Kodak spokesman said the company "does not comment
on market rumor or speculation."

                        About Eastman Kodak

Headquartered in Rochester, New York, Eastman Kodak Company
(NYSE:EK) -- http://www.kodak.com/-- provides imaging technology
products and services to the photographic and graphic
communications markets.

Kodak's balance sheet at Sept. 30, 2011, showed $5.10 billion
in total assets, $6.75 billion in total liabilities and a
$1.65 billion total deficit.

Kodak had sales of $7.2 billion last year. Sales declined by 24
percent since 2008. The net loss last year was $687 million.
During the first nine month of this year, the net loss was
$647 million on sales of $4.27 billion.

In July 2011, the Company announced that it is exploring strategic
alternatives, including a potential sale, related to its digital
imaging patent portfolios.  Kodak hired Jones Day as legal adviser
and investment bank Lazard Ltd., but denied rumors it was filing
for bankruptcy.   It also enlisted FTI Consulting Inc.

In December, Kodak hired Sullivan & Cromwell's restructuring
practice, replacing Jones Day.

A group of Kodak's bondholders have formed an informal committee
and hired law firm Akin Gump Strauss Hauer & Feld LLP for advise.

                          *     *     *

As reported by the TCR on Nov. 3, 2011, Fitch Ratings affirmed and
then withdrew the 'CC' long-term Issuer Default Rating and issue
ratings of Eastman Kodak Company.  Fitch decided to discontinue
the rating, which is uncompensated.

Moody's Investors Service said in a report Nov. 7, 2011, that
Kodak will run out of cash in the U.S. around the second or third
quarters of 2012.


EASTMAN KODAK: Fails to Comply with NYSE's Closing Price Rules
--------------------------------------------------------------
Eastman Kodak Company disclosed that the company has received a
continued listing standards notice from the New York Stock
Exchange because the average closing price of the Company's common
stock was less than $1.00 per share over a period of 30
consecutive trading days.

The Company's common stock continues to trade on the NYSE.  Under
NYSE rules, the Company has six months following receipt of the
notification to regain compliance with the minimum share price
requirement.  The Company can regain compliance at any time during
the six-month cure period if the Company's common stock has a
closing share price of at least $1.00 on the last trading day of
any calendar month during the period and also has an average
closing share price of at least $1.00 over the 30 trading-day
period ending on the last trading day of that month or on the last
day of the cure period.

The Company's Securities and Exchange Commission reporting
requirements and debt obligations are not affected by the receipt
of the NYSE notification.

                        About Eastman Kodak

Headquartered in Rochester, New York, Eastman Kodak Company
(NYSE:EK) -- http://www.kodak.com/-- provides imaging technology
products and services to the photographic and graphic
communications markets.

Kodak's balance sheet at Sept. 30, 2011, showed $5.10 billion in
total assets, $6.75 billion in total liabilities, and a
$1.65 billion total deficit.

Kodak had sales of $7.2 billion last year. Sales declined by
24 percent since 2008.  The net loss last year was $687 million.
During the first nine month of this year, the net loss was
$647 million on sales of $4.27 billion.

In July 2011, the Company announced that it is exploring strategic
alternatives, including a potential sale, related to its digital
imaging patent portfolios.  Kodak hired Jones Day as legal adviser
and investment bank Lazard Ltd., but denied rumors it was filing
for bankruptcy.   It also enlisted FTI Consulting Inc.

In December, Kodak hired Sullivan & Cromwell's restructuring
practice, replacing Jones Day.

A group of Kodak's bondholders have formed an informal committee
and hired law firm Akin Gump Strauss Hauer & Feld LLP for advise.

                           *     *     *

As reported by the TCR on Nov. 3, 2011, Fitch Ratings affirmed and
then withdrew the 'CC' long-term Issuer Default Rating and issue
ratings of Eastman Kodak Company.  Fitch decided to discontinue
the rating, which is uncompensated.

Moody's Investors Service said in a report Nov. 7, 2011, that
Kodak will run out of cash in the U.S. around the second or third
quarters of 2012.


EDIETS.COM INC: Extends Maturity of Director Notes to Dec. 2012
---------------------------------------------------------------
eDiets.com, Inc., on Dec. 30, 2011, executed amendments to $1.0
million in promissory notes held by an officer and directors of
the Company to extend the maturity date of the Director Notes from
Dec. 31, 2011, to Dec. 31, 2012.  All other terms and provisions
of the Director Notes remain in full force and effect.

On Dec. 30, 2011, Kevin N. McGrath, president and chief executive
officer of the Company, entered into an amendment to his
employment agreement with the Company.  Under the Amendment, if
the Company determines not to extend the Employment Agreement for
an additional one-year term, the Company must notify Mr. McGrath
in writing of its determination prior to the applicable extension
date.  Under the original provision of the Employment Agreement,
the Company was required to provide Mr. McGrath with at least 90
days prior written notice of that a determination.

                           About eDiets

eDiets.com, Inc. is a leading provider of personalized nutrition,
fitness and weight-loss programs. eDiets currently features its
award-winning, fresh-prepared diet meal delivery service as one of
the more than 20 popular diet plans sold directly to members on
its flagship site, http://www.eDiets.com

eDiets.com reported a net loss of $43.3 million on $23.4 million
of revenues for 2010, compared with a net loss of $12.1 million on
$18.1 million of revenues for 2009.

The Company also reported a net loss of $2.73 million on
$17.42 million of total revenue for the nine months ended Sept.
30, 2011, compared with a net loss of $42.01 million on
$16.46 million of total revenue for the same period during the
prior year.

The Company's balance sheet at Sept. 30, 2011, showed
$3.96 million in total assets, $4.27 million in total liabilities,
and a $314,000 total stockholders' deficit.

Ernst & Young LLP, in Boca Raton, Florida, expressed substantial
doubt about eDiets.com's ability to continue as a going concern.
The independent auditors noted that the Company has incurred
recurring operating losses and has a working capital deficiency.

The Company said that in light of the results of its operations,
management has and intends to continue to evaluate various
possibilities, including raising additional capital through the
issuance of common or preferred stock, securities convertible into
common stock, or secured or unsecured debt, selling one or more
lines of business, or all or a portion of the Company's assets,
entering into a business combination, reducing or eliminating
operations, liquidating assets, or seeking relief through a filing
under the U.S. Bankruptcy Code.


EMMIS COMMUNICATIONS: Holders Tender 164,400 Preferred Shares
-------------------------------------------------------------
Emmis Communications Corporation announced the preliminary results
of its modified Dutch auction tender offer, which expired at 5:00
p.m., New York City Time, on Friday, Dec. 30, 2011.

Based on the preliminary count by BNY Mellon Shareowner Services,
the depositary of the tender offer, a total of 164,400 shares of
Emmis' 6.25% Series A Cumulative Convertible Preferred Stock, par
value $0.01 per share, were properly tendered and not properly
withdrawn at or below the purchase price of $15.56 per share.
In accordance with the terms and conditions of the tender offer,
and based on the preliminary count by the depositary, Emmis
expects to accept for purchase approximately 164,400 shares of its
Preferred Shares at a price of $15.56 per share, for an aggregate
cost of approximately $2.6 million, excluding fees and expenses
relating to the tender offer.  These shares represent
approximately 6.3% of the Preferred Shares outstanding as of
Dec. 30, 2011.

The number of shares to be purchased and the purchase price are
preliminary and subject to change.  The preliminary information
contained is subject to confirmation by the depositary.  The final
number of shares to be purchased and the final purchase price will
be announced following the completion by the depositary of the
confirmation process.  Payment for the shares accepted for
purchases under the tender offer, and return of all other shares
tendered and not purchased, will occur promptly thereafter.

The information agent and depositary for the tender offer is BNY
Mellon Shareowner Services.  The solicitation agent for the tender
offer is Georgeson Inc. Paul, Weiss, Rifkind, Wharton & Garrison
LLP and Taft Stettinius & Hollister LLP are acting as Emmis' legal
counsel in the tender offer.  When the tender offer commenced, the
offer to purchase and related documents were mailed to holders of
record of Preferred Shares and also were made available for
distribution to beneficial owners of Preferred Shares.  For
questions and information, please call the information agent toll
free at (866) 301-0524 or the solicitation agent toll free at
(800) 676-0281.

                     About Emmis Communications

Headquartered in Indianapolis, Indiana, Emmis Communications
Corporation -- http://www.emmis.com/-- owns and operates 22 radio
stations serving New York, Los Angeles, Chicago, St. Louis,
Austin, Indianapolis, and Terre Haute, as well as national radio
networks in Slovakia and Bulgaria.  The company also publishes six
regional and two specialty magazines.

The Company reported a consolidated net loss of $11.54 million on
$251.31 million of net revenues for the year ended Feb. 28, 2011,
compared with a consolidated net loss of $118.49 million on
$242.56 million of net revenues during the prior year.

The Company also reported a net loss attributable to common
shareholders of $13.14 million on $125.76 million of net revenues
for the six months ended Aug. 31, 2011, compared with a net loss
attributable to common shareholders of $6.24 million on $126.91
million of net revenues for the same period a year ago.

The Company's balance sheet at Aug. 31, 2011, showed $471.19
million in total assets, $479.49 million in total liabilities,
$140.45 million in Series A cumulative convertible preferred
stock, and a $148.75 million total deficit.

                           *     *     *

In November 2010, Moody's Investors Service affirmed the 'Caa2'
Corporate Family Rating and 'Caa3' Probability of Default rating
for Emmis Communications Corporation, as well as its SGL-4
speculative grade liquidity rating.  Operating performance
improved with the economic recovery, but absent debt reduction
with proceeds from an asset sale or equity infusion Emmis will
likely breach its leverage covenant when the covenant suspension
period ends for the quarter ending November 30, 2011, in Moody's
opinion.

Emmis' CFR and PDR incorporate expectations for a covenant breach
in November 2011.  Moody's considers the Company's capital
structure unsustainable, and its operations in the cyclical
advertising business magnify this challenge.  Furthermore, Emmis
relies on two markets, Los Angeles and New York, for approximately
50% of its revenue, although its ownership of stations in top
markets including Chicago as well as NY and LA, support the
rating.

The negative outlook incorporates Moody's expectations that Emmis
will not comply with its maximum leverage covenant when effective
for the quarter ending Nov. 30, 2011.


EVERGREEN ENERGY: Edgehill Partners Discloses 3.5% Equity Stake
---------------------------------------------------------------
In an amended Schedule 13G filing with the U.S. Securities and
Exchange Commission, Edgehill Partners and his affiliates
disclosed that, as of Dec. 31, 2011, they beneficially own
1,013,133 shares of common stock of Evergreen Energy Inc.
representing 3.5% of the shares outstanding.  As previously
reported by the TCR on March 11, 2011, Edgehill Partners
disclosed beneficial ownership of 1,463,244 shares of common
stock or 5.6% equity stake.  A full-text copy of the amended
Schedule 13G is available for free at http://is.gd/gCrKIg

                      About Evergreen Energy

Evergreen Energy Inc. has developed two, proprietary, patented,
and green technologies: the GreenCert(TM) suite of software and
services and K-Fuel(R).  GreenCert, which is owned exclusively by
Evergreen, is a science-based, scalable family of environmental
intelligence solutions that quantify process efficiency and
greenhouse gas emissions from energy, industrial and agricultural
sources and may be used to create verifiable emission reduction
credits.  K-Fuel technology significantly improves the performance
of low-rank coals, yielding higher efficiency and lowering
emissions.

The Company reported a net loss of $21.02 million on $403,000 of
total operating revenue for the year ended Dec. 31, 2010, compared
with a net loss of $58.53 million on $423,000 of total operating
revenue during the prior year.

The Company also reported a net loss of $6.83 million on $325,000
of total operating revenue for the nine months ended Sept. 30,
2011, compared with a net loss of $18 million on $303,000 of total
operating revenue for the same period a year ago.

The Company's balance sheet at Sept. 30, 2011, showed
$20.25 million in total assets, $18.86 million in total
liabilities, and $1.38 million in total stockholders' equity.

Hein & Associates LLP, in Denver, Colo., expressed substantial
doubt about Evergreen Energy's ability to continue as a going
concern.  The independent auditors noted that the Company has
suffered recurring losses from operations and has had recurring
cash used in operations.


FIRST STREET: Plan Promises Unsecured Creditors 100% in 3 Years
---------------------------------------------------------------
Debtors First Street Holdings NV, LLC, Lydian SF Holdings, LLC, 78
First Street, LLC, 88 First Street, LLC, 518 Mission, LLC,
First/Jessie, LLC, Sixty-two First Street, LLC, Peninsula Towers,
LLC, and JP Capital, LLC; and David Choo, individually, have filed
a combined joint plan and disclosure statement with the U.S.
Bankruptcy Court for the Northern District of California.

The Joint Plan, dated Nov. 29, 2011, provides for the payment of
all of their secured, administrative, priority and general
unsecured claims in full.  Interests in the Debtors will be
retained without modification.

Funding for the Plan will be sourced from "net rents" of the
Debtors' properties.  Prior to confirmation, the Debtors will seek
approval of senior priority debtor-in-possession financing as
needed to do all necessary tenant improvements at the Properties
and pay leasing commissions.

The secured claimant, MS Mission Holdings, LLC will, 90 days after
the Effective Date of the Joint Plan, be paid the net rents each
month from the assets of the consolidated estates for a period of
three years after the Joint Plan's Effective Date and supplemented
by a lump sum payment of up to $3 million at the end of the first
year after the Effective Date and up to $5.5 million at the end of
the second year after the Effective Date.  36 months after the
Effective Date MS will receive payment of the balance of its
secured claim, with unpaid interest accrued at the market rate set
by the bankruptcy court, and all other allowed fees and charges.

The holders of all allowed general unsecured claims will be paid
in full with 5% interest 36 months after the Effective Date.

MS's motion for relief from the automatic stay was filed on
Sept. 20, 2011, in the cases of First Street Holdings NV, LLC, and
Lydian SF Holdings, LLC, and subsequently filed in the remainder
of the cases.  The Order for Relief from Stay (Doc. No. 119) was
entered on Dec. 6, 2011.  On Dec. 22, 2011, the Debtors' Notice of
Appeal on the Court's Stay Order was transmitted to the Bankruptcy
Appelant Panel (BAP).

A copy of the Combined Joint Plan and Disclosure Statement is
available for free at:

         http://bankrupt.com/misc/firststreet.doc110.pdf

                        About First Street

First Street Holdings NV, LLC, and Lydian SF Holdings, LLC, filed
for Chapter 11 bankruptcy (Bankr. N.D. Calif. Case Nos. 11-49300
and 11-49301) on Aug. 30, 2011, before Judge Roger L. Efremsky.
Iain A. Macdonald, Esq., and Reno F.R. Fernandez III, Esq., at
MacDonald and Associates, in San Francisco, serve as the Debtor's
bankruptcy counsel.

Debtor-affiliates 78 First Street, LLC, 88 First Street LLC, 518
Mission, LLC, First/Jessie LLC, JP Capital, LLC, Peninsula Towers
LLC, and Sixty-Two First Street LLC (Bankr. N.D. Calif. Case Nos.
11-70224, 11-70228,, 11-70229, 11-70231, 11-70232, 11-70233 and
11-70234) filed for Chapter 11 bankruptcy on Sept. 23, 2011.

Colliers Parrish International Inc. serves as appraiser to value
certain real properties and other assets held by the Debtors.

The cases are jointly administered under Lead Case No. 11-49300.

Investor David Choo is associated with CMR Capital, LLC, the
manager of the Debtors.


FIRST STREET: Employs Binder & Malter as Special Appeals Counsel
----------------------------------------------------------------
First Street Holdings NV, LLC, asks the U.S. Bankruptcy Court for
the Northern District of California permission to employ Binder &
Malter, LLP, as special appeals counsel.

Robert G. Harris, attorney at Binder & Malter, LLP, attests that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

First Street Holdings NV, LLC, filed for Chapter 11 bankruptcy
(Bankr. N.D. Calif. Case No. 11-49300) on Aug. 30, 2011, before
Judge Roger L. Efremsky.  Iain A. Macdonald, Esq., at MacDonald
and Associates, serves as the Debtor's bankruptcy counsel.
Colliers Parrish International Inc. serves as appraiser to value
certain real properties and other assets held by the Debtors.  In
its schedules, the Debtor disclosed $81,962,460 in assets and
$80,409,199 in liabilities.


FILENE'S BASEMENT: Syms Asks to Dole Out $650,000 in Bonuses
------------------------------------------------------------
Dow Jones' DBR Small Cap reports that Syms Corp. is seeking
permission to dole out bonuses to employees who stick with the
liquidating retailer as it wraps up its decades-old business.

                 About Filene's Basement and Syms

Massachusetts-based Filene's Basement, also called The Basement,
is the oldest off-price retailer in the United States.  The
Basement focuses on high-end goods and is known for its
distinctive, low-technology automatic markdown system.

Filene's Basement first filed for Chapter 11 bankruptcy protection
in August 1999.  Filene's Basement was bought by a predecessor of
Retail Ventures, Inc., the following year.  Retail Ventures in
April 2009 transferred the unit to Buxbaum.

Filene's Basement, Inc. and its affiliates filed for Chapter 22
(Bankr. D. Del. Case No. 09-11525) on May 4, 2009, represented by
lawyers at Pachulski Stang Ziehl & Jones LLP.  Epiq Bankruptcy
Solutions serves as claims and notice agent.  The Debtors
disclosed assets of $236 million, including real estate of $97.7
million, and liabilities of $94 million, including $31.1 million
owing on a revolving credit with Bank of America NA as agent. In
addition, there were $11.1 million in letters of credit
outstanding on the revolver.

The 2009 Debtor was formally renamed FB Liquidating Estate,
following the sale of all of its assets to Syms Corp. in June
2009.

Pursuant to the Liquidating Plan confirmed in January 2010,
secured creditors in the Chapter 11 case have been paid in full,
and holders of priority, administrative and convenience class
claims have received 100% of their allowed claims.  As reported by
the Troubled Company Reporter on Dec. 20, 2010, Alan Cohen,
Chairman of Abacus Advisors LLC and Chief Restructuring Officer
for FB Liquidating Estate disclosed that a second distribution of
dividend checks to Filene's unsecured creditors amounting to 12.5%
of approved claims has been made, bringing the cumulative
distributions on unsecured claims to 62.5%.

On Nov. 2, 2011, Syms Corp. placed itself, Filene's Basement and
two other units in Chapter 11 bankruptcy (Bankr. D. Del. Case Nos.
11-13511 to 11-13514) after a failed bid to sell the business.
The two units are Syms Clothing Inc. and Syms Advertising Inc.

Judge Kevin J. Carey presides over the case.  Lawyers at Skadden
Arps Slate Meagher & Flom LLP serve as the Debtors' counsel.  The
Debtors tapped Rothschild Inc. as investment banker and Cushman
and Wakefield Securities, Inc., as real estate financial advisors.

Syms shuttered its namesake and Filene's Basement outlets upon the
bankruptcy filing and tapped a joint venture of Gordon Brothers
Retail Partners LLC and Hilco Merchant Resources LLC to run the
going-out-of-business sales.  The sale may continue until Jan. 31,
2012.

Filene's Basement estimated $1 million to $10 million in assets
and $50 million to $100 million in debts.  The petitions were
signed by Gary Binkoski, authorized representative of Filene's
Basement.

The official committee of unsecured creditors appointed in the
2011 case has retained Hahn & Hessen LLP as legal counsel.

Holders of equity in Syms Corp. pushed for an official
shareholders' committee and separation of the Syms and Filene's
Basement bankruptcy estates.

Gordon Brothers and Hilco are represented by Goulston & Storrs,
P.C. and Ashby & Geddes, P.A.


FILENE'S BASEMENT: Syms Creditors Balk at Bid to End Avenue Lease
-----------------------------------------------------------------
Stephanie Gleason at Dow Jones' DBR Small Cap reports that the
committee of unsecured creditors in Syms Corp.'s Chapter 11
bankruptcy case is objecting to the shuttered retailer's proposal
to terminate the lease on its Fifth Avenue Manhattan property,
saying the lease should be auctioned along with its other retail
store leases.

The property, which never opened its doors but was intended to be
a Filene's Basement retail store, has a below-market rent in a
"burgeoning part" of New York City, the creditors committee said
in court documents filed in the U.S. Bankruptcy Court in
Wilmington, Del., according to Dow Jones' DBR Small Cap.  The
report relates that court papers said that paying $2.6 million to
the landlords to terminate the lease doesn't appear to be in
creditors' best interest.

A deal to sell the Manhattan building for $400 million is now
pending.  The committee said that the deal confirms the lease's
value, Dow Jones' DBR Small Cap notes.  The sale, however, is to
be free of the Syms lease, the report relates.

Dow Jones' DBR Small Cap discloses that instead of paying a fee to
terminate the lease, the committee would like to see the lease
auctioned off. Syms has filed a plan, which is waiting to be
confirmed, to auction 24 other store leases.

However, the report says that Syms has refused to include the
Manhattan property in its auction plan, according to the
committee, saying the landlord is threatening to sue if the lease
isn't terminated.  The committee would like the bankruptcy court
to reject Syms's lease termination payment and order the lease to
be sold at auction, the report notes.

Dow Jones' DBR Small Cap adds that the sale of the store leases is
the second part of Syms's plan to liquidate, which began with
holding going-out-business sales at all of its retail locations.

               About Filene's Basement & Syms Corp.

Massachusetts-based Filene's Basement, also called The Basement,
is the oldest off-price retailer in the United States.  The
Basement focuses on high-end goods and is known for its
distinctive, low-technology automatic markdown system.

Filene's Basement first filed for Chapter 11 bankruptcy protection
in August 1999.  Filene's Basement was bought by a predecessor of
Retail Ventures, Inc., the following year.  Retail Ventures in
April 2009 transferred the unit to Buxbaum.

Filene's Basement, Inc. and its affiliates filed for Chapter 22
(Bankr. D. Del. Case No. 09-11525) on May 4, 2009, represented by
lawyers at Pachulski Stang Ziehl & Jones LLP.  Epiq Bankruptcy
Solutions serves as claims and notice agent.  The Debtors
disclosed assets of $236 million, including real estate of $97.7
million, and liabilities of $94 million, including $31.1 million
owing on a revolving credit with Bank of America NA as agent. In
addition, there were $11.1 million in letters of credit
outstanding on the revolver.

The 2009 Debtor was formally renamed FB Liquidating Estate,
following the sale of all of its assets to Syms Corp. in June
2009.

Pursuant to the Liquidating Plan confirmed in January 2010,
secured creditors in the Chapter 11 case have been paid in full,
and holders of priority, administrative and convenience class
claims have received 100% of their allowed claims.  As reported by
the Troubled Company Reporter on Dec. 20, 2010, Alan Cohen,
Chairman of Abacus Advisors LLC and Chief Restructuring Officer
for FB Liquidating Estate disclosed that a second distribution of
dividend checks to Filene's unsecured creditors amounting to 12.5%
of approved claims has been made, bringing the cumulative
distributions on unsecured claims to 62.5%.

On Nov. 2, 2011, Syms Corp. placed itself, Filene's Basement and
two other units in Chapter 11 bankruptcy (Bankr. D. Del. Case Nos.
11-13511 to 11-13514) after a failed bid to sell the business.
The two units are Syms Clothing Inc. and Syms Advertising Inc.

Judge Kevin J. Carey presides over the case.  Lawyers at Skadden
Arps Slate Meagher & Flom LLP serve as the Debtors' counsel.  The
Debtors tapped Rothschild Inc. as investment banker and Cushman
and Wakefield Securities, Inc., as real estate financial advisors.

Syms shuttered its namesake and Filene's Basement outlets upon the
bankruptcy filing and tapped a joint venture of Gordon Brothers
Retail Partners LLC and Hilco Merchant Resources LLC to run the
going-out-of-business sales.  The sale may continue until Jan. 31,
2012.

Filene's Basement estimated $1 million to $10 million in assets
and $50 million to $100 million in debts.  The petitions were
signed by Gary Binkoski, authorized representative of Filene's
Basement.

The official committee of unsecured creditors appointed in the
2011 case has retained Hahn & Hessen LLP as legal counsel.

Holders of equity in Syms Corp. pushed for an official
shareholders' committee and separation of the Syms and Filene's
Basement bankruptcy estates.

Gordon Brothers and Hilco are represented by Goulston & Storrs,
P.C. and Ashby & Geddes, P.A.


FISHER ISLAND: District Court Dismisses Solby Appeal as Moot
------------------------------------------------------------
The U.S. District Court for the Southern District of Florida has
dismissed an appeal filed by Solby+Westbrae Partners, et. al.,
against Fisher Island Investments, Inc., et al., on certain
rulings by the U.S. Bankruptcy Court for the Southern District of
Florida prescribing a protocol for testing the authenticity of
documents.

The District Court states that the motion is moot since the
testing appears to have proceeded.

                  About Fisher Island Investments

Solby+Westbrae Partners; 19 SHC, Corp.; Ajna Brands, Inc.;
601/1700 NBC, LLC; Axafina, Inc.; and Oxana Adler, LLM, filed an
involuntary Chapter 11 petition against Miami Beach, Florida-based
Fisher Island Investments, Inc. (Bankr. S.D. Fla. Case No. 11-
17047) on March 17, 2011.

On the same date, involuntary Chapter 11 petitions were also filed
against the Company's affiliates, Mutual Benefits Offshore Fund,
LTD (Bankr. S.D. Fla. Case No. 11-17051) and Little Rest Twelve,
Inc. (Bankr. S.D. Fla. Case No. 11-17061).  Judge A. Jay Cristol
presides over the case.  The case was previously assigned to Judge
Laurel M. Isicoff.

Donald F. Walton, the U.S. Trustee for Region 21, appointed James
S. Feltman as an examiner in the involuntary cases of the Debtors.
Greenberg Traurig, P.A., serves as counsel for the examiner.


GP WEST: Will Seek Plan Approval at Jan. 30 Confirmation Hearing
----------------------------------------------------------------
On Dec. 5, 2011, Swiss Chalet, Inc., and G.P. West, Inc., filed a
Joint Disclosure Statement in support of the Debtors' Joint Plan.
The Plan is being filed with the U.S. Bankruptcy Court for the
District of Puerto Rico in each of the two cases of the Debtors,
and will be considered upon separate voting in each of the two
cases, with each of the Debtors required to comply in their
respective cases with the applicable Bankruptcy Code requirements.

The Disclosure Statement, filed Dec. 5, 2011, corrected as to
certain pages submitted as exhibits to the hearing on Dec. 20,
2011, has been approved by the Bankruptcy court.  The hearing on
confirmation of the Plan will be held on Jan. 30, 2012, at 9:00
a.m.  Acceptances or rejections of the Plan will be filed not
later than 7 days prior to the confirmation hearing.

Under the Joint Plan, the Secured Claim of the Centro de
Recaudaciones de Ingresos Municipales, or "CRIM" (Class 1),
Allowed Priority Claims under Section 507(a)(7) of the Bankruptcy
Code (Class 3), interests in Debtor GPW (Class 5(a)), and
Interests in Debtor SCI (Class 5(b)), are unimpaired.  The shares
of the equity interest holders in GPW and SCI will remain
unaltered.

The Class 2(a) Claim of CPG/GS PR NPL, LLC, or "CPG", secured by
substantially all assets of Debtor GPW's assets ($9,065,950), the
Class 2(b) Claim of CPG secured by substantially all assets of
Debtor SCI's assets ($119,154,958, as may be reduced for the
payments made during the reorganization period), allowed general
unsecured claims in the GPW Case in Class 4(a), totaling
$7,576,701 (including the deficiency claim of CPG/GS and the
Allowed Claims of Insiders and Affiliate), and Class 4(b) Allowed
Unsecured Claims in the SCI Case, totaling $11,456,035 (exclusive
of CPG $29,000,000 deficiency claim), are all impaired under the
Plan.

Class 2(a)

Class 2(a) will be paid on the Effective Date by vesting in CPG
Island Properties II LLC, free and clear of all interests, liens
(except for any liens for amounts due to CRIM), leases, and
encumbrances, unless otherwise requested by CPG, all of Debtor
GPW's realty and all other property of GPW's securing CPG/GS'
claims.  Estimated Recovery is 71%.

Class 2(b)

Class 2(b) will be treated as follows:

A) With respect to the DoubleTree Hotel and Related Assets, CPG/GS
will restructure the debt secured by the DoubleTree Hotel, Gallery
Plaza 5th Floor Commercial, Gallery Plaza Ground Floor Retail, and
Gallery Plaza Parking not part of the residential units
(collectively, the "Hotel Assets").  The restructured loan secured
by the Hotel Assets will be paid at the end of 42 months.

B) With respect to the Atlantis and Gallery Plaza Condominiums,
SCI will transfer or cause to be transferred to CPG Island
Properties II LLC, by writ on the Effective Date, all of the
residential units owned by SCI that serve as collateral for the
Atlantis Condominium Loan and Gallery Plaza Loans, together with
all benefits of contractors' warranties and performance bonds that
may apply, without waiver of construction contractors' liabilities
for warranties, free and clear of all liens, claims, interests,
liabilities, and encumbrances (other than any senior liens by
CRIM); and all the deposits received for the sale of such units,
but subject to all of seller's obligations in respect of such
deposits.

Class 4(a)

Holders of Class 4(a) Allowed General Unsecured Claims, including
those arising from rejected executory contracts or unexpired
leases, but excluding CPG/GS' Deficiency Claim and Claims from
Insiders and Affiliate, SCI, in full satisfaction of such claims
will be paid on the Effective Date pro-rata from the remaining
balance of the $85,000 GPW Carve-Out after payment of
Administrative Expense Claims and Priority claims in the GPW Case,
estimated at $6,500.

Holders of Allowed General Unsecured Claims considered Insiders,
basically consisting of GPW's Shareholders and Affiliate, SCI,
will condone their claims as of the Effective Date of the Plan,
but only if the Plan is confirmed.  These claimants will not
receive payments under the Plan but are entitled to vote. These
claims amount to $4,932,967.65.

The deficiency claim of CPG's against GPW totaling $2,653,000,
will be dealt with under this Class, will not receive any
dividends as part of this Class, but is entitled to vote to accept
or reject the Plan.

Estimated Recovery is 70%-90%.

Class 4(b)

Holders of Allowed General Unsecured Claims, including those
arising from rejected executory contracts, but excluding CPG/GS'
deficiency claim, those arising from deposits in escrow by
individuals for the purchase of units at Atlantis Condominium, and
those related to Insiders and Affiliates, if any, will be paid in
full satisfaction of such Claims on the Effective Date pro-rata
from the remaining balance of the SCI Carve-Out, after the payment
therefrom of the above listed Administrative Expense Claims,
including allowed professional fees and expenses, Allowed Priority
Tax Claims, and Priority Claims (Class 3 Claims allowed in the
Bankruptcy Case (SCI)).

Estimated Recovery is 6.6%

A copy of the Joint Disclosure Statement is available for free at:

http://bankrupt.com/misc/gpwest.doc92.pdf

About The Swiss Chalet Inc.

The Swiss Chalet Inc., developed the Gallery Plaza Condominium and
Atlantis Condominium in San Juan, Puerto Rico.  SCI also owns the
DoubleTree Hotel in Condado, San Juan, Puerto Rico, adjacent to
the Gallery Plaza.  SCI filed a Chapter 11 petition (Bankr. D.
P.R. Case No. 11-04414) on May 27, 2011.  Charles A. Cuprill,
P.S.C. Law Offices, in San Juan, P.R., serves as its bankruptcy
counsel.  CPA Luis R. Carrasquillo & Co., P.S.C., serves as its
financial consultants.  In its schedules, the Debtor disclosed
total assets of $115,580,977 and total debts of $138,603,384.  The
petition was signed by Arnold Benus, director.

                           About GP West

GP West, Inc., based in San Juan, Puerto Rico, is engaged in the
rental of residential and non-residential real properties under
the name of GP West, Inc..  GPW owns a non-residential parcel of
land located at the southwest corner of De Diego Avenue and Wilson
Street, San Juan, P.R., which is currently leased to Supermercados
Maximo, Inc.  GPW also owns 8 residential apartments at Gallery
Plaza Condominium, acquired in March 2011 for its affiliate SCI,
6 of which are currently leased to BPP Retail Management, LLC.
GPW filed for Chapter 11 bankruptcy (Bankr. D. P.R. Case No. 11-
04954) on June 9, 2011.  Eduardo J. Corretjer Reyes, Esq., at
Bufete Roberto Corretjer Piquer, in San Juan, P.R., represents the
Debtor in its restructuring effort.  CPA Luis R. Carrasquillo &
Co., P.S.C., serves as financial consultant.  In its schedules,
the Debtor disclosed $13,384,251 in assets and $132,825,590 in
debts.  The petition was signed by Jose Teixidor Mendez,
president.

No trustee or examiner has been appointed in this Chapter 11
case, and no official committee of creditors or otherwise has been
appointed or designated.


GRECIAN HOTELS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Grecian Hotels, LLC
        dba Holiday Inn Express
        315 Oriole Dr.
        Murphy, TX 75094

Bankruptcy Case No.: 11-43891

Chapter 11 Petition Date: December 30, 2011

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Judge: Brenda T. Rhoades

Debtor's Counsel: Arthur I. Ungerman, Esq.
                  8140 Walnut Hill Lane, Suite 301
                  Dallas, TX 75231
                  Tel: (972) 239-9055
                  Fax: (972) 239-9886
                  E-mail: arthur@arthurungerman.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 Roger Singha, managing member.


H&R II: Case Summary & 4 Largest Unsecured Creditors
----------------------------------------------------
Debtor: H&R II, LLC
        130 Hardman Ave S
        South St. Paul, MN 55075

Bankruptcy Case No.: 11-38011

Chapter 11 Petition Date: December 30, 2011

Court: United States Bankruptcy Court
       District of Minnesota (St. Paul)

Judge: Dennis D O'Brien

Debtor's Counsel: Ralph Mitchell, Esq.
                  LAPP LIBRA THOMSON STOEBNER & PUSCH
                  One Financial Plaza Suite 2500
                  120 S 6th St
                  Minneapolis, Mn 55402
                  Tel: (612) 338-5815
                  E-mail: rmitchell@lapplibra.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/mnb11-38011.pdf

The petition was signed by Shimon Harosh, president.

Affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Lev Bakery, Inc.                       11-36044   09/27/11
Twin City Bagel, Inc.                  11-36042   09/27/11


HERITAGE APARTMENTS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Heritage Apartments of Northfield, L.L.L.P.
        dba Mosaic Apartments
        1401 Heritage Dr.
        Northfield, MN 55057

Bankruptcy Case No.: 11-38005

Chapter 11 Petition Date: December 30, 2011

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Dennis D O'Brien

Debtor's Counsel: Kenneth Corey-Edstrom, Esq.
                  LARKIN HOFFMAN DALY & LINGREN LTD.
                  1500 Wells Fargo Plaza
                  7900 Xerxes Ave South
                  Minneapolis, MN 55431
                  Tel: (952) 835-3800
                  E-mail: kcoreyedstrom@larkinhoffman.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/mnb11-38005.pdf

The petition was signed by Eugene E. Jasnoch, general partner.


HORNE INTERNATIONAL: Borrows $100,000 from Trevor Foster
--------------------------------------------------------
Horne International, Inc., on Dec. 29, 2011, entered into a Loan
Agreement with Mr. Trevor Foster pursuant to which the Company
borrowed $100,000 from Mr. Foster in exchange for a promissory
note in the principal amount of $100,000.  The note is payable on
a quarterly basis and fully due and payable Dec. 29, 2013.  The
Loan Agreement and Promissory Note provide for interest at a rate
of 7% per annum on the outstanding principal, payable quarterly
beginning March 31, 2012.  The note is unsecured.  The note is
payable in cash or may be converted into common stock by the
Lender at a per share price equal to $.10 or thirty percent less
than the market price on the date of conversion, whichever is
greater.

On Dec. 29, 2011, the Company entered into a Loan Agreement with
Mr. Darryl K. Horne, President and Chairman of the Board of
Directors of the Company, pursuant to which the Company borrowed
$50,000 from Mr. Horne in exchange for a promissory note in the
principal amount of $50,000.  The note is payable on a quarterly
basis and fully due and payable Dec. 29, 2013.  The Loan Agreement
and Promissory Note provide for interest at a rate of 7% per annum
on the outstanding principal, payable quarterly beginning
March 31, 2012.  The note is unsecured.  The note is payable in
cash or may be converted into common stock by the Lender at a per
share price equal to $.10 or thirty percent less than the market
price on the date of conversion, whichever is greater.

Meanwhile, on Dec. 23, 2011, Lily Xu resigned her position as
Chief Financial Officer of the Company.  Ms. Xu's last day of
employment with the Company will be Jan. 13, 2012.

                     About Horne International

Fairfax, Va.-based Horne International, Inc., is an engineering
services company focused on provision of integrated, systems
approach based solutions to the energy and environmental sectors.

The Company reported net income of $158,000 on $3.81 million of
revenue for the nine months ended Sept. 25, 2011, compared with a
net loss of $955,000 on $2.61 million of revenue for the nine
months ended Sept. 26, 2010.

The Company's balance sheet at Sept. 25, 2011, showed $1.35
million in total assets, $1.95 million in total liabilities and a
$600,000 total stockholders' deficit.

Stegman & Company, in Baltimore, Md., expressed substantial
doubt about the Company's ability to continue as a going concern,
following the Company's 2010 results.  The independent auditors
noted that the Company has experienced continuing net losses for
each of the last four years and as of Dec. 26, 2010, current
liabilities exceeded current assets by $1.0 million.


INFOLINK GROUP: Court Rejects Bid for Return of Settlement Funds
----------------------------------------------------------------
Bankruptcy Judge A. Jay Cristol denied the requests of Prieur
Leary and SRX Trading, Inc., for the return of $2.05 million in
settlement funds SRX paid in the Infolink Group, Inc., and
Infolink Information Services, Inc., bankruptcy cases.  The Court
also denied Leary/SRX's request to vacate a prior order that
permitted Kurzweg Equity Group to propose a plan of reorganization
for the Debtors.

Judge Cristol will hold a further hearing for Jan. 6, 2012 at
10:30 a.m. to consider release of the Settlement Funds.  The
Kurzweg Equity Group is seeking a determination that the
settlement funds should not be returned to SRX until the
"infolink.com" and "serverpronto.com" web domains, and any other
property of the Debtors' estate taken by Leary/SRX, are
transferred back to the Debtors.

A copy of Judge Cristol's Dec. 30 Order is available at
http://is.gd/sEsX8Qfrom Leagle.com.

Infolink Group, Inc., fka Infolink.com, Inc., and Infolink
Information Services, Inc., filed chapter 11 petitions (Bankr. D.
Del. Case Nos. 10-10981 and 10-10982) on Mar. 24, 2010, and the
cases were transferred (Bankr. S.D. Fla. Case Nos. 10-26423 and
10-26436) to Florida on June 2, 2010.  Drew M. Dilworth in Miami,
Fla., serves as the Chapter 11 Trustee in the Debtors' cases, and
is represented by  Allison R. Day, Esq. -- aday@gjb-law.com -- and
Carlos E. Sardi, Esq. -- csardi@gjb-law.com -- at Genovese Joblove
& Battista, P.A., and Geoffrey S. Aaronson, Esq. --
gaaronson@aspalaw.com -- in Miami, Fla.


INSITE CORPORATION: Case Summary & 17 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Insite Corporation
        650 Ave. Luis Munoz Rivera
        Suite 402
        San Juan, PR 00918

Bankruptcy Case No.: 11-11209

Chapter 11 Petition Date: December 30, 2011

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

Debtor's Counsel: Carlos Rodriguez Quesada, Esq.
                  LAW OFFICE OF CARLOS RODRIGUEZ QUES
                  P.O. Box 9023115
                  San Juan, PR 00902-3115
                  Tel: (787) 724-2867
                  E-mail: cerqlaw@coqui.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 17 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/prb11-11209.pdf

The petition was signed by Dennis O'Hanlan, president.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
SunCom Contruction Group Inc           11-10900   12/22/11


INT'L ENVIRONMENTAL: Wants Deal on Cash Collateral Use Approved
---------------------------------------------------------------
International Environmental Solutions Corporation asks the U.S.
Bankruptcy Court for the Central District of California to approve
a stipulation authorizing the use of the cash collateral.

The stipulation entered between the Debtor and secured creditor EH
National Bank, formerly known as Excel Bank, provides for the use
of the cash collateral on an interim basis until February 2012.

According to Excel Bank, the outstanding obligation of the Debtor
totals $1,843,482 as of the Petition Date.

The only cash collateral the Debtor is seeking to use is the
monthly rent from JN Grease Services, Inc., in order to make
monthly payments to Excel Bank to ensure the continued efficient
operation of the Debtor's business operations.  The Debtor's other
expenses are being funded from cash on hand that was advanced by
the Debtor's shareholders postpetition, and will be used to pay
"bare bomes" operating expenses.  The Debtor is not aware of any
other party than Excel Bank that asserts an interest in the JM
rental income that is senior to Excel Bank.

The Debtor does not believe that these creditors -- John Hardy and
Diana Dimitruk, John Ahl, Greenlight Energy Solutions, Dawn
Wilhelm -- have an interest in the cash collateral.

            About International Environmental Solutions

International Environmental Solutions, based in Menifee,
California, filed for Chapter 11 bankruptcy (Bankr. C.D. Calif.
Case No. 11-44755) on Nov. 11, 2011.  Judge Wayne E. Johnson
presides over the case.  Howard S. Levine, Esq. --
howard@cypressllp.com -- at Cypress LLP, serves as the Debtor's
counsel.  The Debtor disclosed $28,128,636 in assets and
$11,173,895 in liabilities.  The petition was signed by Gary
Allen, president.


INVERNESS DISTRIBUTION: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: Inverness Distribution Limited
          aka Morgan Creek International Limited
        c/o Hogan Lovells US LLP
        875 Third Avenue
        New York, NY 10022
        Tel: (212) 918-3000

Bankruptcy Case No.: 11-15939

Chapter 11 Petition Date: December 30, 2011

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

Debtor's Counsel: Ira S. Greene, Esq.
                  HOGAN LOVELLS US LLP
                  875 Third Avenue
                  New York, NY 10022
                  Tel: (212) 918-3000
                  Fax: (212) 918-3100
                  E-mail: ira.greene@hoganlovells.com

Estimated Assets: Not Stated

Estimated Debts: $50,000,001 to $100,000,000

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

The petition was signed by Michael Morrison and Charles Thresh,
joint provisional liquidators.


ISAACSON STEEL: Can Use Cash Collateral Until Jan. 31
-----------------------------------------------------
The Hon. J. Michael Deasy of the U.S. Bankruptcy Court for the
District of New Hampshire issued a fourth interim order extending
Isaacson Structural Steel, Inc.'s use of cash collateral through
and including Jan. 31, 2012.

Judge Deasy also orders that the Debtors should file any motion
seeking further permission to use cash collateral on or before
Jan. 10, 2012.  A further hearing on the further use of cash
collateral will be held on Jan. 24, 2012.

As adequate protection to Passumpsic Savings Bank for the Debtor's
use of Cash Collateral, Passumpsic is granted replacement liens in
all postpetition property of the estate of the same type against
which Passumpsic held validly perfected security interests as of
the Petition Date.

As further adequate protection, the Debtor will make monthly
payments of $11,000 to Passumpsic, with payments to be made on or
before the 30th day of each month.

Passumpsic Savings Bank, which purportedly holds claims against
the Debtor totaling roughly $13 million, tried to block the
Debtor's attempt to use cash collateral.

Passumpsic is represented by:

         Gregory A. Moffett, Esq.
         Daniel P. Luker, Esq.
         PRETI FLAHERTY BELIVEAU & PACHIOS PLLP
         P.O. Box 1318
         Concord, NH 03302-1318
         Tel: (603) 410-1525
         Fax: (603) 410-1501
         E-mail: gmoffett@preti.com

Isaacson is seeking Bankruptcy Court approval of up to $500,000 in
bridge financing with Cate Street Capital Inc. for working
capital.  The loan will bear interest at the rate of 5.25%, and
will mature Sept. 30, 2011.  The Debtor needs the money to fund
operations while its so-called Liberty Mutual/Turner and
Middletown School/MasterCraft contracts come on line.  The Debtor
intends to assume those contracts, which have a total contract
price in excess of $24 million.

The Debtor said without the financing, it will have to suspend its
business operations and furlough or lay off employees.

                  About Isaacson Structural Steel

Based in Berlin, New Hampshire, Isaacson Structural Steel, Inc.,
filed for Chapter 11 bankruptcy (Bankr. D. N.H. Case No. 11-12416)
on June 22, 2011.  Bankruptcy Judge J. Michael Deasy presides over
the case.

Isaacson Structural Steel estimated both assets and debts of
$10 million to $50 million.  The petition was signed by Arnold P.
Hanson, Jr., president.

An official committee of unsecured creditors has been appointed in
Isaacson Structural Steel's case.

A bankruptcy petition was also filed for Isaacson Steel, Inc.
(Bankr. D. N.H. Case No. 11-12415) on June 22, 2011, estimating
assets and debts of $1 million to $10 million.  The petition was
signed by Arnold P. Hanson, Jr., president.  William S. Gannon,
Esq., also represents Isaacson Steel.


ISAACSON STEEL: Exclusivity Extension Hearing Set on Jan. 24
------------------------------------------------------------
The hearing date on Isaacson Steel, Inc., and Isaacson Structural
Steel, Inc.'s motion to extend the exclusive periods within which
only they can file a plan and the period to secure acceptance of a
plan is rescheduled to Jan. 24, 2012.

As reported in the Troubled Company Reporter on Dec. 30, 2012, the
Debtors are now actively engaged in purchase and sale negotiations
with several prospective purchasers.  The Debtors expect to file
motions pertaining to sale of all or substantially all of their
assets.  Assuming that Debtors reach agreements with potential
buyers, the Debtors envision filing reorganization plans shortly
thereafter as part of the 11 U.S.C. Sec. 363 sale process.

William S. Gannon, Esq., representing the Debtors, submits that
the extension of exclusivity for a brief period will not hold
creditors hostage.  The Committee continues to support the
Debtors' efforts to find an investor or partner, strategic buyer
or financial buyer of new equity interests in Debtors or all or
substantially all of its property.  No creditor or any other
party-in-interest has expressed an interest in filing a plan for
the reorganization of the Debtors.

                  About Isaacson Structural Steel

Based in Berlin, New Hampshire, Isaacson Structural Steel, Inc.,
filed for Chapter 11 bankruptcy (Bankr. D. N.H. Case No. 11-12416)
on June 22, 2011.  Bankruptcy Judge J. Michael Deasy presides over
the case.

Isaacson Structural Steel estimated both assets and debts of
$10 million to $50 million.  The petition was signed by Arnold P.
Hanson, Jr., president.

An official committee of unsecured creditors has been appointed in
Isaacson Structural Steel's case.

A bankruptcy petition was also filed for Isaacson Steel, Inc.
(Bankr. D. N.H. Case No. 11-12415) on June 22, 2011, estimating
assets and debts of $1 million to $10 million.  The petition was
signed by Arnold P. Hanson, Jr., president.  William S. Gannon,
Esq., also represents Isaacson Steel.


J P TRANSIT: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: J P Transit Inc.
        P.O. Box 939
        Robinson, IL 62454

Bankruptcy Case No.: 11-60623

Chapter 11 Petition Date: December 29, 2011

Court: U.S. Bankruptcy Court
       Southern District of Illinois (Effingham)

Judge: Laura K. Grandy

Debtor's Counsel: Michael J. Logan, Esq.
                  MICHAEL J. LOGAN, LTD.
                  2055 W. Iles Avenue, Suite A
                  Springfield, IL 62704
                  Tel: (217) 698-6300
                  Fax: (217) 698-6377
                  E-mail: mikeloganlaw@netzero.net

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 Patricia Griffith, president.


J V & I: Case Summary & 3 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: J V & I, Inc.
          dba JK Apartments
        4670 Grand Preserve PL
        Palm Harbor, FL 34684

Bankruptcy Case No.: 11-19193

Chapter 11 Petition Date: December 28, 2011

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

Debtor's Counsel: Justin T. Pikramenos, Esq.
                  THE PIKRAMENOS LAW GROUP, PLLC
                  406 N. Morgan Street
                  Tampa, FL 33602
                  Tel: (813) 413-1300
                  Fax: (813) 283-9005
                  E-mail: bankruptcy@piklawgroup.com

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

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

The Company?s list of its three largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/flmb11-19193.pdf

The petition was signed by Ivan Amnay, president.


JACKSON GREEN: Adequate Protection Deal Extended Until Jan. 18
--------------------------------------------------------------
Hon. Thomas S. Utschig of the U.S. Bankruptcy Court for the
Western District of Wisconsin approved a stipulation entered
between Jackson Green, LLC, and Wells Fargo Bank, N.A., extending
the interim stipulation for adequate protection until Jan. 18,
2012.

Wells Fargo serves as trustee for the registered holders of Credit
Suisse First Boston Mortgage Securities Corp., Commercial Mortgage
Pass-Through Certificates, Series 2006-C-4.

Pursuant to the stipulation, the interim stipulation for adequate
protection is also in effect and retroactive from Aug. 17, 2011,
to Jan. 18, 2012.

                         About Jackson Green

Based in Minocqua, Wisconsin, Jackson Green LLC owns a commercial
office building and parking lot in Chicago.  Jackson Green
originally filed for Chapter 11 bankruptcy (Bankr. W.D. Wis. Case
No. 09-10099) on Jan. 9, 2009.  The Court confirmed the Debtor's
chapter 11 plan on May 18, 2010.

Jackson Green returned to bankruptcy (Bankr. W.D. Wis. Case No.
11-14038) on June 23, 2011.  Judge Thomas S. Utschig presides over
the so-called Chapter 22 case.  The Law Office of Terrence J.
Byrne serves as the Debtor's Chapter 22 counsel.

In its schedules, the Debtor disclosed $25,194,530 in assets and
$22,838,968 in liabilities.  The petition was signed by Paula
Heyes, member.

Secured lender Wells Fargo is represented by lawyers at Foley &
Lardner LLP.

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 Jackson Green LLC, have
expressed interest in serving on a committee.


JACKSONVILLE CAFE: Case Summary & 6 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Jacksonville Cafe, LLC
        325 Grand Street
        Paterson, NJ 07505

Bankruptcy Case No.: 12-10002

Chapter 11 Petition Date: January 1, 2012

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Morris Stern

Debtor's Counsel: Melinda D. Middlebrooks, Esq.
                  MIDDLEBROOKS SHAPIRO & NACHBAR, P.C.
                  1767 Morris Ave, Suite 2A
                  Union, NJ 07083
                  Tel: (908) 687-6161
                  Fax: (908) 687-9090
                  E-mail: middlebrooks@middlebrooksshapiro.com

Scheduled Assets: $28,850

Scheduled Liabilities: $1,104,223

A list of the Company's six largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/njb12-10002.pdf

The petition was signed by Michael W. Jackson, managing partner.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
On The Job Sports Cafe, LLC            11-41601   10/31/11


JD CARTER: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: JD Carter & Associates, Inc.
        P.O. Box 1376
        Gray, GA 31032

Bankruptcy Case No.: 11-54093

Chapter 11 Petition Date: December 30, 2011

Court: U.S. Bankruptcy Court
       Middle District of Georgia (Macon)

Debtor's Counsel: Christopher W. Terry, Esq.
                  STONE AND BAXTER, LLP
                  577 Mulberry Street, Suite 800
                  Macon, GA 31201
                  Tel: (478) 750-9898
                  Fax: (478) 750-9899
                  E-mail: cterry@stoneandbaxter.com

Estimated Assets: $0 to $50,000

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

The Company?s list of its 20 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/gamb11-54093.pdf

The petition was signed by Jonathan D. Carter, president.


JER/JAMESON MEZZ: Has Access of Wells Fargo's Cash Collateral
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized,
in a third interim order, JER/Jameson Mezz Borrower II LLC, et
al., to use the cash collateral in which wells Fargo Bank, N.A.,
solely in its capacity as special servicer for the lender, asserts
an interest.

As of the Petition Date, the total principal amount under the loan
documents was $160,567,882.

The Debtors would use the cash collateral to finance their
business operations until Jan. 28, 2012.

As adequate protection, -- adequate protection payments,
replacement liens and superpriority claim, subject to carve out on
certain fees.

                        About Jameson Inns

Founded in 1987, Jameson is a chain of 103 small, budget hotels
operating under the Jameson brand in the Southeast and Midwest.
The Jameson properties are operated under the names Jameson Inn
and Signature Inn.  The hotels are based in Smyrna, Georgia.

The chain was taken private in a 2006 buyout by JER Partners, a
unit of real-estate investor J.E. Robert Cos.  JER then put
$330 million of debt on the chain to finance the buyout.  At the
top of the list is a $175 million mortgage loan with Wells Fargo
Bank NA serving as special servicer.  There are four tranches of
mezzanine loans, each for $40 million.  The collateral for each of
the Mezz Loans is the equity interest in the entity or entities
immediately below the borrower of each Mezz Loan.  All of the
mezzanine loans matured in August.

JER/Jameson NC Properties LP and JER/Jameson Properties LLC are
borrowers under the loan with Wells Fargo.  The mortgage loan is
secured by mortgages on hotel properties.  The first set of
foreclosure sales were set for Nov. 1, 2011.  The Mortgage
Borrowers have not sought bankruptcy protection.

Colony Capital affiliates, CDCF JIH Funding LLC and ColFin JIH
Funding LLC, hold the first and second mezzanine loans.  The First
Mezz Loan is secured by a pledge of JER/Jameson Mezz Borrower I
LLC's 100% interest in the Mortgage Borrowers.

Prior to the maturity default, the Colony JIH Lenders purchased
the Second Mezz Loan from a previous holder.  The Second Mezz Loan
is secured by a pledge of JER/Jameson Mezz Borrower II's 100%
membership interest in the First Mezz Borrower.

Gramercy Warehouse Funding I LLC and Gramercy Loan Services LLC
hold a controlling participation interest in the Third Mezz and
Fourth Mezz Loans.  JER Investors Trust Inc. holds the remaining
participation interests in the Third Mezz and Fourth Mezz Loans.
JER/Jameson Holdco LLC, an affiliate of the Mortgage Borrowers,
owns the 100% equity interest in the Fourth Mezz Borrower.
Gramercy took over its mezzanine borrower in August.

JER/Jameson Mezz Borrower II LLC filed for Chapter 11 bankruptcy
(Bankr. D. Del. Case No. 11-13338) on Oct. 18, 2011, to prevent
foreclosure by Colony.  The Chapter 11 filing had the effect of
preventing Colony from wiping out Gramercy's interest.

Seven days later, JER/Jameson Mezz Borrower I LLC filed for
bankruptcy (Bankr. D. Del. Case No. 11-13392) on Oct. 25, 2011.

Judge Mary F. Walrath presides over the case.  Laura Davis Jones,
Esq., at Pachulski Stang Ziehl & Jones LLP, serves as counsel to
both Debtors.  Epiq Bankruptcy Solutions, LLC, serves as its
noticing, claims and balloting agent, and Houlihan Lokey
Howard & Zukin Capital Inc. serves as its investment banker.

Each of the Debtors estimated $100 million to $500 million in
assets and $10 million to $50 million in debts.  The petitions
were signed by James L. Gregory, vice president.

Colony specializes in real estate and has roughly $34 billion of
assets under management.  Colony is represented in the case by
Pauline K. Morgan, Esq., John T. Dorsey, Esq., Margaret Whiteman
Greecher, Esq., and Patrick A. Jackson, Esq., at Young Conaway
Stargatt & Taylor LLP; and Lindsee P. Granfield, Esq., Sean A.
O'Neil, Esq., and Jane VanLare, Esq., at Cleary Gottlieb Steen &
Hamilton LLP.

The U.S. Trustee has not appointed an official committee of
unsecured creditors in the Debtors' cases.


KULLMAN BUILDING: Auction Proceeds 30% Above Court-Appraised Value
------------------------------------------------------------------
Tiger/Daley-Hodkin's auction of the assets of the legendary
Kullman Building Corp. generated proceeds of 30% above the court-
appraised value, according to Jeff Tanenbaum, president of Tiger's
Remarketing Services Division.

The event was held on December 13 at Kullman's 100-acre campus in
Lebanon, N.J., with a simultaneous online live stream.   The
auction was conducted under the direction of Alco Capital Group,
Inc., Assignee for the Benefit of Creditors.  Tiger was retained
by Alco as auctioneer and was confirmed by the Superior Court of
New Jersey-Hunterdon County.

"Tiger's strategy of utilizing physical and webcast sale processes
ensured participation from both local and foreign buyers," said
Mr. Tanenbaum.  The auction drew approximately 250 live and online
registrants, including bidders from 22 states in the U.S., and
from Canada, India and Saudi Arabia.

Kullman Building Corp., a pre-manufactured and modular building
company, traced its roots to 1927, when Sam Kullman started a
modular-building business to create prefabricated diners,
ultimately constructing many of the best known roadside diners in
New Jersey.  A changing market later spurred a shift to
prefabricated housing, dormitories, prisons, schools, banks,
equipment enclosures, offices, and bathrooms.

The auctioned manufacturing assets included a state-of-the-art
Peddinghaus thermal steel fabricator and Lincoln robotic welding
system, while small businesses and the general public had an
opportunity to bid on hundreds of power tools, trucks, smaller
machinery and Kullman's inventory of bathroom fixtures and
building supplies, as well as a selection of office furniture and
computers.

"Beyond the benefits of using an on-site and webcast approach, the
strong results can be attributed to our team's efforts to identify
and extract as much value as possible from not only the large
equipment, but also the small tools, partially finished product,
building materials and supplies, office equipment, and the
company's intellectual property," Mr. Tanenbaum explained.  "The
wide selection of assets ensured that this was a 'something for
everyone' type of auction, and our staff personally deployed a
highly targeted marketing strategy that included direct outreach
to companies within Kullman's industry to inform them about the
sale."

Alco Capital was confirmed as Assignee by the court on October 21,
2011, and Tiger/Daley-Hodkin was confirmed as auctioneer on
December 6. Under an assignment for the benefit of creditors
("ABC"), the insolvent entity (the "Assignor") transfers legal and
equitable title, as well as custody and control of its property,
to a third party (the "Assignee") in trust.  Proceeds of the asset
dispositions are released by the Assignee to the Assignor's
creditors in accord with priorities established by law.

The creditors and debtor in this case concluded that an ABC should
be a quicker and less expensive option than a traditional
bankruptcy, according to Alco Capital.

                    About Tiger/Daley-Hodkin

Tiger/Daley-Hodkin and its affiliates at Tiger Group --
http://www.TigerGroupLLC.com-- provide advisory, restructuring,
valuation, disposition and auction services within a broad range
of retail, wholesale, and industrial sectors.  Tiger maintains
offices in Boston, Los Angeles, New York and Atlanta.


LAGRAVE RECONSTRUCTION: Bankruptcy Halts Foreclosure of Stadium
---------------------------------------------------------------
Sandra Baker at Forth Worth Star-Telegram reports that LaGrave
Reconstruction Co. filed for Chapter 11 bankruptcy protection on
Jan. 2, 2012.

According to the report, the move puts on hold, at least for now,
the planned foreclosure of the LaGrave Field outdoor baseball
stadium located just north of downtown Fort Worth, where the Fort
Worth Cats minor league baseball team has played.  Not many
details were available in the bankruptcy petition.  The Company
listed both assets and liabilities of between $10 million and $50
million.  The estimated number of creditors is between one and 49,
the filing shows.

The report relates that Carl Bell, which heads the company,
recently announced the sale of the baseball team to a local
investor group.  Mr. Bell has had financial difficulty surrounding
the team for the past couple of years and has tried to sell the
team during that time.  After threatening foreclosure a couple of
times, Amegy Bank of Houston was scheduled to auction the property
on the steps of the Tarrant County Courthouse on Jan. 3, 2012.


LAGRAVE RECONSTRUCTION: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: LaGrave Reconstruction Company, L.L.C.
        16980 Dallas Parkway
        Dallas, TX 75248

Bankruptcy Case No.: 12-40099

Chapter 11 Petition Date: January 2, 2011

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

Judge: D. Michael Lynn

Debtor's Counsel: J. Robert Forshey, Esq.
                  FORSHEY & PROSTOK, LLP
                  777 Main Street, Suite 1290
                  Ft. Worth, TX 76102
                  Tel: (817) 877-8855
                  E-mail: jrf@forsheyprostok.com

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

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 Carl W. Bell, manager.


LIONCREST TOWERS: Case Dismissal Hearing Continued Until Jan. 12
----------------------------------------------------------------
the U.S. Bankruptcy Court for the Northern District of Illinois
has continued until Jan. 12, 2012, at 10:30 a.m., the hearing to
consider the motion to dismiss the Chapter 11 case of Lioncrest
Towers, LLC.

As reported in the Troubled Company Reporter on March 16, 2011,
Wells Fargo Bank N.A. asked the Court to grant relief from the
automatic stay to allow it to foreclose on its collateral, and to
dismiss the Debtor's case.

                   About Lioncrest Towers, LLC

Lioncrest Towers, LLC, owns and operates a residential apartment
project in Richton Park, Illinois, known as Park Towers.  It filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Ill. Case No.
10-36805) on Aug. 17, 2010.  Richard H. Fimoff, Esq., at Robbins,
Salomon & Patt, Ltd., in Chicago, assists the Debtor in its
restructuring effort.  The Debtor estimated assets and debts at
$10 million to $50 million.


LONGSTREET PARTNERS: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Longstreet Partners, LLC
        8509 Little Scenic Lane
        Tallahassee, FL 32309
        Tel: (850) 212-5028

Bankruptcy Case No.: 11-41020

Chapter 11 Petition Date: December 30, 2011

Court: U.S. Bankruptcy Court
       Northern District of Florida (Tallahassee)

Debtor's Counsel: Michael P. Brundage, Esq.
                  HILL, WARD & HENDERSON, P.A.
                  P.O. Box 2231
                  Tampa, FL 33601
                  Tel: (813) 221-3900
                  Fax: (813) 221-2900
                  E-mail: mbrundage@hwhlaw.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 Stephen L. Waldoch, managing member.


MADISON 92ND: Hearing on Exclusivity Extension Set for Jan. 12
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
will convene a hearing on Jan. 12, 2012, to consider Madison 92nd
Street Associates LLC's motion for an order extending its
exclusive periods to file and solicit acceptances for the proposed
plan of reorganization.  Objections, is any, are due Jan. 5.

As reported in the Troubled Company Reporter on Dec. 20, 2011, the
Debtor is asking the Court to extend its exclusive periods to file
and solicit acceptances for the proposed plan of reorganization
until March 14, 2012, and May 14, 2012, respectively.

The Debtor related that the terms of the plan will likely need
additional time for further negotiations and discussion following
the opportunity to consider the examiners' findings.

                        About Madison 92nd

Madison 92nd Street Associates, LLC, owns real property improved
by a hotel located at 410 East 92nd Street, New York, known as the
Upper East Side Courtyard by Marriott.  It filed for Chapter 11
bankruptcy protection as lender General Electric Capital Corp.,
owed $74 million, has scheduled a foreclosure sale for Aug. 24,
2011.  The petition (Bankr. S.D.N.Y. Case No. 11-13917) was filed
Aug. 16, 2011, before Judge Stuart M. Bernstein.  J. Ted Donovan,
Esq., at Goldberg Weprin Finkel Goldstein LLP, serves as the
Debtor's counsel.  It scheduled $84,471,069 in assets and
$75,398,580 in debts. The petition was signed by Louis Taic,
managing member of 92nd Hotel Associates, LLC and Jeffrey Kosow,
managing member of JKNY, LLC, members of the Debtor.

Courtyard Management Corporation, which manages and operates the
hotel pursuant to a management agreement, is represented by Thomas
R. Califano, Esq., and William M. Goldman, Esq., at DLA Piper LLP
(US).

The Bankruptcy Judge appointed an examiner to explore the best
route to reorganization for the Debtor amid a rift between two
investor groups.  Thomas R. Slome, the examiner, tapped his firm,
Meyer, Suozzi, English & Klein, P.C., as his counsel.


MAQ MANAGEMENT: Outline, Plan Confirmation Hearing Set for March 1
------------------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida will convene a hearing on March 1,
2012, at 2:30 p.m., to consider the final approval of Disclosure
Statement, and confirmation of MAQ Management, Inc., et al.'s
Chapter 11 Plan.

The Court also approved this schedule in relation to the Plan
confirmation:

Jan. 31,              -- Deadline for the Debtors to serve the
order,
                         Disclosure Statement, Plan and ballot(s)

Feb. 16,              -- Deadline for filing objections to claims
                      -- Deadline for filing fee applications

Feb. 23,              -- Deadline for filing ballots accepting or
                         rejecting Plan

Feb. 27,              -- Deadline for filing objections to
                         confirmation
                      -- Deadline for filing objections to final
                         approval of the Disclosure Statement
                      -- Deadline for filing elections under
                         Section 1111(b) of the Bankruptcy Code
                      -- Deadline for the Debtors to file
                         report of Plan Proponent(s) and
                         confirmation affidavit

As reported in the Troubled Company Reporter on Nov. 30, 2011,
according to the Debtors' Disclosure Statement, they plan to
auction several properties which will enable the claimants to
receive the release prices for their respective collateral in full
satisfaction of their claims.  In the event a particular
claimant's collateral is not sold above the release price, the
Debtor will surrender the collateral in full satisfaction of the
Claim.  The Proposed Auction liquidates vacant and/or non- or
underperforming collateral and reduces the Debtors' overall
obligations by nearly $14 million.

The Debtors intend to sell its property at 1403 North Ocean in
Hollywood, Fla., pursuant to a state court settlement in full
satisfaction of BB&T's claim relating to the 1403 North Ocean
property, relieving the Debtors of $900,000 in obligations.

The order confirming the Plan will provide for the merger of MAQ,
SSP I and SSP IV with and into SSP, with SSP being the surviving
entity.  After the Effective Date of the Order confirming the
Debtors' Plan, the Debtors will merge with SSP as the surviving
entity.  Mahammad A. Qureshi will be the President and sole
Director of the reorganized Debtor post-confirmation.  The post-
confirmation annual salary for Mr. Qureshi the first year
following the Effective Date will be $200,000 per year.

A copy of the Disclosure Statement is available at:

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

                       About MAQ Management

Based in Boca Raton, Florida, MAQ Management, Inc., and three
other affiliates serve as commercial landlords to convenience
stores and gas stations in primarily in South Florida.  They filed
for Chapter 11 bankruptcy (Bankr. S.D. Fla. Cases No. 11-26571 to
11-26574) on June 15, 2011.  Affiliates that sought Chapter 11
protection are Super Stop Petroleum, Inc., Super Stop Petroleum I,
Inc., and Super Stop Petroleum IV, Inc.  Judge Erik P. Kimball
presides over the case.  MAQ Management estimated assets and
debts of $1 million to $10 million.  Super Stop estimated assets
and debts of $10 million to $50 million.  The petitions were
signed by Mahammad A. Qureshi, CEO.

Richard J. McIntyre, Esq., and Chirstopher C. Todd, Esq., at
McIntyre, Panzarella, Thanasides, Hoffman, Bringgold & Todd, P.L.,
in Tampa, Florida, serve the Debtors as substitute counsel.

The U.S. Trustee announced that until further notice, it will not
appoint a committee of creditors for the Debtors' cases.
stores and gas stations in primarily in South Florida.

As reported in the TCR on Oct. 21, 2011, MAQ Management, Inc., et
al., filed their Consolidated Chapter 11 Plan of Reorganization,
with the U.S. Bankruptcy Court for the Southern District of
Florida, in compliance with the Court's Order.


MALIBU ASSOCIATES: Inks US Bank Refinancing, Wants Case Dismissal
-----------------------------------------------------------------
Malibu Associates, LLC, asks the U.S. Bankruptcy Court for the
Central District of California to dismiss its Chapter 11 case.

According to the Debtor, it has closed a Court-approved
refinancing of its secured debt with U.S. Bank, National
Association and negotiated a restructuring of its equity which,
together, enable the Debtor to pay its creditors upon the approval
of the motion and move forward with re-entitlement of the real
property commonly known as Malibu Country Club, the Debtor's
primary asset.

The Debtor will pay all undisputed prepetition general unsecured
creditors and administrative expense creditors in full without
interest, or as otherwise agreed with individual creditors.

According to the Debtor, it will (i) deposit $622,291 into Kaye
Scholer client trust account to pay unpaid agreed amount owed to
the professionals; and (ii) have on deposit in its operating
account available funds of at least $554,906 designated to satisfy
the remaining payments owed to creditors.

A full-text copy of the motion and the terms of the refinancing is
available for free at:

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

                  About Malibu Associates, LLC

Malibu, California-based Malibu Associates, LLC, dba Malibu
Country Club and Malibu Country Club filed for Chapter 11
bankruptcy (Bankr. C.D. Calif. Case No. No. 09-24625) on Nov. 3,
2009.  Ashleigh A. Danker, Esq., and Marc S. Cohen, Esq., at Kaye
Scholer LLP, in Los Angeles, represent the Debtor in its
restructuring effort.  The Company disclosed assets of
$42,853,592, and debts of $35,758,538 as of the Petition Date.

The Court extended the Debtor's exclusive periods to file and
solicit acceptances for the proposed chapter 11 plan until Feb. 4,
2011, and April 4.  To date, the Debtor hasn't filed a motion for
an extension of its exclusivity periods.


MAMRC TRANSPORTATION: Feb. 8 Hearing on Revised Disclosures Set
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Wyoming has denied
approval of the disclosure statement, filed Sept. 1, 2011,
explaining Marmc Transportation, Inc.'s Chapter 11 Plan.  The
Court found that the Disclosure Statement does not provide
adequate information on the issues brought to the Court by the
objecting Parties, and that there was no information or confusing
information provided on a number of issues.  The Debtor was
directed to submit an Amended Disclosure Statement within 30 days
from Nov. 8, 2011.

On Dec. 9, 2011, the Debtor filed an Amended Disclosure Statement,
dated as of Dec. 8, 2011, in connection with its Chapter 11 Plan.
Under the Plan, unsecured claims, with filed claims totaling
$2,420,617, will be paid in full.  An initial distribution of
$1,250,000 will be made on the Effective Date of the Plan which is
anticipated to satisfy almost 90% of the undisputed and allowed
claims.  The next distribution will be made after the Debtor's
2011 tax liabilities are paid.

A copy of the Amended Chapter 11 Disclosure Statement is available
for free at:

     http://bankrupt.com/misc/marmctransportation.doc433.pdf

A hearing to consider approval of the Amended Chapter 11
Disclosure Statement has been scheduled for Feb. 8, 2012, at 10:30
a.m.  The deadline for filing of objections to the Amended
Disclosure Statement is Jan. 25, 2012.

Richard A. Wieland, the United States Trustee for Region 19,
objected to the prior version of the Disclosure Statement.  It
noted that the Plan attached to the Disclosure Statement cannot be
confirmed because it does not comply with numerous subsections of
Section 1129(a) of the Bankruptcy Code.

About Marmc Transportation

Headquartered in Mills, Wyoming, Marmc Transportation, Inc.'s
principal business activity and purpose was moving oil drilling
rigs and relocating to and from drilling and well sites.  At its
height, Marmc showed gross annual income of $16,199,506 (2008) and
had 74 employees on its payroll.

Marmc filed for Chapter 11 bankruptcy protection (Bankr. D. Wyo.
Case No. 10-20653) on June 3, 2010, amid cash flow problems and
management void that caused it to default on various financial
obligations.  Stephen R. Winship, Esq., at Winship & Winship, PC,
assists the Company in its restructuring effort.  The Company
estimated $10 million to $50 million in assets and up to $10
million in debts in its Chapter 11 petition.

The United States Trustee has not appointed an unsecured
creditors' committee in the Debtor's case.

Marmc, through various sales approved by the Bankruptcy Court, has
sold almost all of its personal property, which sales resulted in
total proceeds of over $8,200,000.  Marmc also has sold a parcel
of real property for $640,000. A portion of the sale proceeds have
satisfied the lien claims of Wells Fargo Equipment Finance, Inc.
(except for its attorney fees estimated at no more than $25,000).
Additionally, $995,000 was paid, from the sale proceeds, against
the remaining real estate mortgage held by Wells Faro Bank.


MARONDA HOMES: Court Confirms Joint Ch. 11 Plan of Reorganization
-----------------------------------------------------------------
On Dec. 14, 2011, the U.S. Bankruptcy Court for the Western
District of Pennsylvania entered an order granting final approval
of the disclosure statement and confirming Maronda Homes, Inc.,
and its affiliated debtors' Joint Chapter 11 Plan of
Reorganization dated Aug. 12, 2011.

Class 1 (Secured Lenders) and Class 5 (Equity Class), the two
Classes entitled to vote on the Plan, both voted to accept the
Plan.

A copy of the Order approving the joint disclosure statement and
confirming the Debtors' joint Chapter 11 Plan of Reorganization,
with findings of fact and conclusions of law, is available for
free at http://bankrupt.com/misc/marondahomes.doc245.pdf

As reported in the TCR on Sept. 1, 2011, pursuant to the Plan,
Debtors will continue in business with a revised credit agreement
in place with most or all of its lenders.

Under the Plan, all undisputed claims of creditors other than the
Debtors' secured lenders and equity holders are paid in full.

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/marondahomes.DS.pdf

                       About Maronda Homes

Maronda Homesm Inc., based in Clinton, Pennsylvania, near
Pittsburgh, builds homes in Florida, Pennsylvania, Georgia and
Kentucky.  It filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Pa. Case No. 11-22418) on April 18, 2011.  Joseph F.
McDonough, Esq., and James G. McLean, Esq., at Manion Mcdonough &
Lucas, P.C., serve as the Debtor's bankruptcy counsel.  In its
schedule, Maronda Homes disclosed $83,784,549 in assets and
$91,773,703 in liabilities.

Affiliates Maronda Homes, Inc. of Ohio (Bankr. W.D. Pa. Case No.
11-22422) and Maronda Homes of Cincinnati, LLC (Bankr. W.D. Pa.
Case No. 11-22424) also filed separate Chapter 11 petitions.


MENDOCINO COAST: Chapter 9 Case Summary & Creditors List
--------------------------------------------------------
Debtor: Mendocino Coast Recreation and Park District
        300 South Lincoln Street
        Fort Bragg, CA 95437

Bankruptcy Case No.: 11-14625

Chapter 9 Petition Date: December 9, 2011

Court: U.S. Bankruptcy Court Northern District of
       California (Santa Rosa)

Debtor's Counsel: Douglas B. Provencher, Esq.
                  LAW OFFICES OF PROVENCHER AND FLATT
                  823 Sonoma Ave.
                  Santa Rosa, CA 95404
                  Tel: (707) 284-2380
                  E-mail: dbp@provlaw.com

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

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

The petition was signed by James C. Hurst, executive director.


MICHAEL'S MARKET: Files for Chapter 11 in Chicago, Blames Lender
----------------------------------------------------------------
Michael's Market Inc. and affiliates, which own six supermarkets
around Chicago, filed for Chapter 11 protection on Dec. 30 blaming
financial constraints imposed by secured lender Premier Bank.  The
markets are "almost all" profitable, according to a court filing.
Combined revenue in the past three years has been about $50
million a year, the Naperville, Illinois-based company said.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Michael's said it sought Chapter 11 relief "due in
large part to the freeze on lending imposed by the lender in the
fall of 2010."  Premier Bank, according to a court filing, has its
"own financial and regulatory problems" that led to a cease-and-
desist order from regulators, which in turn "made it impossible
for the lender to provide the debtors with sufficient working
capital."  The bank is owed $23 million, Michael's said.

The markets operate under names including Michael's Fresh Market,
Harvey Fresh Market, Cermak Produce, and Mayfair Market.

                   Stores Still Profitable

Francine Knowles at Sun-Times reports that Michael's Market said
nearly all of the stores are profitable, have significant customer
bases and that the stores have averaged more than $50 million in
annual revenue for 2009 through 2011.  The stores included in the
bankruptcy filing are Harvey Fresh Market in Harvey, Michael's
Fresh Market stores in Naperville and Chicago; North Avenue Fresh
Market in Oak Park; Cermak Produce in Chicago and Mayfair Market
in Chicago.

According to the Sun-Times report, Forrest Lammiman, Esq. --
flammiman@mpslaw.com -- at Meltzer, Purtill & Stelle LLC, which is
representing the grocer, said the stores expect to successfully
reorganize.

"The financial difficulties experienced by the debtors are due in
large part to the freeze on lending imposed by the lender
beginning in the fall of 2010," the report says, citing court
documents.  This "freeze on the lender's extension on working
capital to the debtors was due not to problems with the financial
performance of the debtors, but primarily was caused by the
lender's own financial and regulatory problems."


MICHAEL'S MARKET: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Michael's Market, Inc.
          aka Michael?s Market
              Michael?s Fresh Market
        P.O. Box 4950
        Naperville, IL 60567

Bankruptcy Case No.: 11-52013

Chapter 11 Petition Date: December 28, 2011

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Carol A. Doyle

Debtor's Counsel: Forrest B. Lammiman, Esq.
                  MELTZER, PURTILL & STELLE LLC
                  300 South Wacker Drive, Suite 3500
                  Chicago, IL 60606
                  Tel: (312) 987-9900
                  E-mail: flammiman@mpslaw.com

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

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

The Company?s list of its 20 largest unsecured creditors is
available for free at:
http://bankrupt.com/misc/ilnb11-52013.pdf

The petition was signed by George Dernis, president.

Affiliates that simultaneously sought Chapter 11 protection:

        Debtor                        Case No.
        ------                        --------
2820-30 North Cicero, LLC             11-52017
4815 W. Wolfram, LLC                  11-52020
DMM Produce, Inc.                     11-52024
CP No. 3, Inc.                        11-52028
  f/k/a Cermak Produce No. 3, Inc.
North Avenue Fresh Market, LLC        11-52032
Mayfair Market Place, Inc.            11-52035
Jenor, LLC - Michaels Fresh Market    11-52042
Jenor, LLC                            11-52043
Jenor, LLC - Downers Grove            11-52045


MK HOME: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: MK Home Builders, Inc.
        2900 East Broadway Avenue, Ste. 29
        Bismarck, ND 58501-5184

Bankruptcy Case No.: 11-31233

Chapter 11 Petition Date: December 30, 2011

Court: United States Bankruptcy Court
       District of North Dakota (Fargo)

Debtor's Counsel: Caren W. Stanley, Esq.
                  VOGEL LAW FIRM
                  P.O. Box 1389
                  Fargo, ND 58107-1389
                  Tel: (701) 237-6983
                  Fax: (701) 476-7676
                  E-mail: cstanley@vogellaw.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 six largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ndb11-31233.pdf

The petition was signed by Kay Pfeifer, president.


MKW LLC: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: MKW LLC
        P.O. Box 2400
        Valparaiso, IN 46384

Bankruptcy Case No.: 11-24877

Chapter 11 Petition Date: December 27, 2011

Court: U.S. Bankruptcy Court
       Northern District of Indiana (Hammond Division)

Judge: J. Philip Klingeberger

Debtor's Counsel: Lori D. Fisher(KW), Esq.
                  MILLERFISHER LAW LLC
                  8927 Broadway
                  Merrillville, IN 46410
                  Tel: (219) 769-0783
                  E-mail: ldf_law2@att.net

Estimated Assets: $0 to $50,000

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

The Company?s list of its six largest unsecured creditors is
available for free at:
http://bankrupt.com/misc/innb11-24877.pdf

The petition was signed by Michael K. Whiting, Member.


MSR RESORT: Cash Collateral Access Extended Until June 1
--------------------------------------------------------
The Hon. Sean H. Lane of the U.S. Bankruptcy Court for the
Southern District of New York, in a second order, extended until
June 1, 2012, MSR Resort Golf Course LLC, et al.'s use the
prepetition secured parties' cash collateral.

Midland Loan Services, Inc. have consented to the Debtors'
continued use of cash collateral to finance their business
operations.

The Court also ordered that the Calendar Maturity Date will be
June 30, 2012; provided further that the satisfaction of the
obligations is not a condition precedent to the effectiveness of
the existing cash collateral order, but, rather a condition to the
Debtors' use of cash collateral.

As reported in the Troubled Company Reporter on Oct. 28, 2011, the
Debtors proposed the following adequate protection to protect
against diminution in the value of the Prepetition Collateral
occasioned by the Debtors' use of Cash Collateral, if any:

   * Adequate Protection Liens.  The Debtors will grant
replacement liens on all of the Mortgage Borrowers' postpetition
rights in, to, and under all present and after-acquired property
and assets, including the proceeds of any Avoidance Actions,
subject only to (i) the Carve Out and (ii) Prior Liens.

   * Superpriority Claims.  The Prepetition Secured Parties will
have an allowed superpriority administrative expense claim against
the
Mortgage Borrowers and the Mortgage RE Entities (jointly and
severally) under sections 503(b), 507(a), and 507(b) of the
Bankruptcy Code, subject to the Carve Out.

   * Payment of Interest.  The Debtors will pay to the Mortgage
Lender, for the benefit of the Prepetition Secured Parties, on an
ongoing basis, the current cash payment of interest on the
Prepetition Secured Obligations at the non-default contract rate
of interest set forth in (and at the times provided for in) the
Mortgage Loan Documents, except that that the rights of the
Debtors, of the Mortgage Lender, and of any Committee are reserved
with respect to whether interest should be paid at the default
rate.

   * Expense Reimbursement.  Within 7 business days after receipt
of a reasonably detailed invoice, the Debtors will pay all
reasonable and documented fees and expenses of the Servicer, and
its counsel and financial advisor, and the Mortgage Lender and its
counsel incurred in connection with the Mortgage Loan and
Servicing Documents and the Chapter 11 cases, in each case to the
extent such payment would be required by the express terms of the
applicable Mortgage Loan and Servicing Documents.

   * Reporting Obligations.  The Mortgage Borrowers will during
these Chapter 11 cases comply with certain reporting obligations
set forth in the Cash Collateral Order.

                         About MSR Resort

MSR Hotels & Resorts, formerly known as CNL Hotels & Resorts Inc.,
owns a portfolio of eight luxury hotels with over 5,500 guest
rooms, including the Arizona Biltmore Resort & Spa in Phoenix, the
Ritz-Carlton in Orlando, Fla., and Hawaii's Grand Wailea Resort
Hotel & Spa in Maui.

On Jan. 28, 2011, CNL-AB LLC acquired the equity interests in the
portfolio through a foreclosure proceeding.  CNL-AB LLC is a joint
venture consisting of affiliates of Paulson & Co. Inc., a joint
venture affiliated with Winthrop Realty Trust, and affiliates of
Capital Trust, Inc.

Morgan Stanley's CNL Hotels & Resorts Inc. owned the resorts
before the Jan. 28 foreclosure.

Following the acquisition, five of the resorts with mortgage debt
scheduled to mature on Feb. 1, 2011, were sent to Chapter 11
bankruptcy by the Paulson and Winthrop joint venture affiliates.
MSR Resort Golf Course LLC and its affiliates filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 11-10372) in Manhattan
on Feb. 1, 2011.  The resorts subject to the filings are Grand
Wailea Resort and Spa, Arizona Biltmore Resort and Spa, La Quinta
Resort and Club and PGA West, Doral Golf Resort and Spa, and
Claremont Resort and Spa.

James H.M. Sprayregen, P.C., Esq., Paul M. Basta, Esq., Edward O.
Sassower, Esq., and Chad J. Husnick, Esq., at Kirkland & Ellis,
LLP, serve as the Debtors' bankruptcy counsel.  Houlihan Lokey
Capital, Inc., is the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC is the Debtors' claims agent.

The five resorts had $2.2 billion in assets and $1.9 billion in
debt as of Nov. 30, 2010, according to court filings.  In its
schedules, debtor MSR Resort disclosed $59,399,666 in total assets
and $1,013,213,968 in total liabilities.


NEBRASKA BOOK: Gets OK to Revise Chapter 11 Financing Terms
-----------------------------------------------------------
Dow Jones' DBR Small Cap reports that Nebraska Book Co. has
revised its bankruptcy financing arrangements, agreeing to pay
$1.25 million in fees and higher interest in order to persuade
lenders to lower their sights on earnings.

As reported in the Troubled Company Reporter on Dec. 28, 2011,
Nebraska Book sought authority to enter into a second amendment to
the Debtors' Secured Superpriority Debtor-In-Possession Credit
Agreement, dated as of July 30, 2011, with JPMorgan Chase Bank,
N.A., as administrative agent and collateral agent to the DIP
lenders.  The Debtors will also seek permission to pay an
amendment fee to the DIP Lenders, and an arrangement fee to, and
reimburse the related fees and expenses of, the DIP Agent.

The DIP Facility provides the Debtors with access to a $75 million
revolving line of credit and a $125 million term loan, and
requires the Debtors to, among other things, comply with certain
financial covenants.  As of Sept. 30, 2011, the Debtors have drawn
the entire amount of the DIP Term Loan, have drawn $0 on the DIP
Revolver, and have roughly $120 million in cash on their balance
sheet.

                       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 has been unable to confirm a pre-packaged Chapter 11
plan that would have swapped some of the existing debt for new
debt, cash and the new stock, due to an inability to secure $250
million in exit financing.  The company's exclusive period for
proposing a plan is set to expire on Jan. 23.


NEW STREAM: May File Chapter 11 Plan This Week
----------------------------------------------
New Stream Secured Capital Inc. asked the U.S. Bankruptcy Court
for the District of Delaware to enter an order extending the
exclusive filing period through and including Jan. 7, 2012, and
the exclusive solicitation period through and including March 8,
2012.

J. Cory Falgowski, Esq., at Reed Smith LLP, tells the Court that
the Debtors have worked diligently to move forward with a
restructuring that is consistent with the rights of their various
creditor and investor constituencies.  In large measure, however,
the difficult inter-creditor issues that had motivated the Debtors
to seek a pre-negotiated solution have made the post-petition
negotiations complex and time consuming.  Nevertheless, since the
filing of these cases, the Debtors have accomplished much,
including consummating a sale of their largest asset, negotiating
a settlement with their largest secured creditor and responding to
numerous requests from the various creditors and investors for
documents and information, all of which provide these
constituencies with a platform from which to resolve the inter-
creditor issues which have prevented the Debtors from moving
forward with confirmation of the Plan.

In addition to moderating the inter-creditor issues, the Debtors
have completed a number of administrative tasks including, among
others, filing Schedules and Statements, providing monthly
operating reports, reviewing and where appropriate objecting to
claims and stream-lining their operational overhead.  Given the
number of significant restructuring activities conducted since the
commencement of these cases, the Debtors submit that they have
made substantial, good-faith progress.

Mr. Falgowski submits that the plan negotiation process will be
complex and additional time is, therefore, warranted.

                     About New Stream

New Stream is an inter-related group of companies that
collectively comprise an investment fund, headquartered in
Ridgefield, Connecticut.  Founded in 2002, New Stream focuses on
providing non-traded private debt to the insurance, real estate
and commercial finance sectors.

On March 7, 2011, when New Stream was still soliciting votes on
the Chapter 11 plan, certain investors filed a petition (Bankr. D.
Del. Lead Case No. 11-10690) seeking to force three New Stream
funds -- New Stream Secured Capital Fund (U.S.) LLC, New Stream
Secured Capital Fund P1 (Cayman), Ltd. and New Stream Secured
Capital Fund K1 (Cayman), Ltd. -- to Chapter 11 bankruptcy.

The petitioning investors in the New Stream investment enterprise
say they are collectively owed over $90 million, representing
roughly 28% of the approximately $320 million owed to all U.S. and
Cayman investors.  The Petitioners are represented by (i) Joseph
H. Huston, Jr., Esq., Maria Aprile Sawczuk, Esq., Meghan A.
Cashman, Esq., at Stevens & Lee, P.C., in Wilmington, Delaware,
and Beth Stern Fleming, Esq., at Stevens & Lee, P.C., in
Philadelphia, Pennsylvania, and Nicholas F. Kajon, Esq., David M.
Green, Esq., and Constantine Pourakis, Esq., at Stevens & Lee,
P.C., in New York, (ii) Edward Toptani, Esq., at Toptani Law
Offices, in New York, and (iii) John M Bradham, Esq., and David
Hartheimer, Esq., at Mazzeo Song & Bradham LLP, in New York.

New Stream Secured Capital, Inc., and three affiliates (New Stream
Insurance, LLC, New Stream Capital, LLC, and New Stream Secured
Capital, L.P.) filed Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 11-10753) on March 13, 2011, with a proposed prepackaged
Chapter 11 plan.

Kurt F. Gwynne, Esq., J. Cory Falgowski, Esq., Michael J.
Venditto, Esq., and Scott M Esterbrook, Esq., at Reed Smith LLP,
serve as the Debtors' bankruptcy counsel. Kurtzman Carson
Consultants LLC is the Debtors' claims and notice agent.

NSSC, Inc., estimated its assets and debts at up to $50,000.  NSC
estimated its assets at $100,000 to $500,000 and debts at $50,000
to $100,000.  NSI estimated its assets at $100 million to
$500 million and debts at $50 million to $100 million.  NSSC, LP,
estimated its assets and debts at $500 million to $1 billion.

NSI's insurance portfolio is being sold for $184.35 million as
part of the Chapter 11 plan.  The aggregate indebtedness secured
by the investment portfolio of NSSC is $688,412,974.  NSI owes
$81,573,376 to certain account classes under a Bermuda fund.

The Official Committee of Unsecured Creditors proposes to hire
Kurtzman Carson Consultants LLC as its communications agent;
Houlihan Lokey Howard & Zukin Capital, Inc., as its financial
advisor and investment banker; and Zolfo Cooper, LLC, as its
forensic accountants and litigation support consultants.

New Stream completed a sale of its assets on June 3.  New Stream
sold the portfolio of life-insurance policies to an affiliate of
McKinsey & Co. for $127.5 million.  There were no competing bids
at auction.


OLD CORKSCREW: Cash Collateral Hearing Continued Until Feb. 9
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
convene a hearing on Feb. 9, 2012, at 10:30 a.m., to consider Old
Corkscrew Plantation, LLC, et al.'s request to access cash
collateral.

Pursuant to a stipulation among the Debtors, BMO Harris Bank,
N.A., successor by merger to M&I Marshall & Ilsley Bank, and the
Official Committee of Unsecured Creditors, the Debtors asked the
Court (i) for authorization to use the cash collateral of BMO
Harris Bank, N.A., until Feb. 29, 2012; and (ii) continue the
hearing scheduled for Dec. 8, 2011, to Feb. 29.

The Debtor will use the cash collateral to finance the maintenance
of its properties and operations.

                About Old Corkscrew Plantation

Fort Myers, Florida-based Old Corkscrew Plantation LLC, whose
oranges are made into Minute Maid and Tropicana juice, filed
for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No. 11-14559) on
July 29, 2011, disclosing $25,264,047 in assets and $60,751,633 in
debts.  Old Corkscrew sought Chapter 11 protection along with its
affiliates.  Donald G. Scott, Esq., -- dscott@mcdowellrice.com --
at McDowell, Rice, Smith & Buchanan, in Kansas City, Missouri,
serves as the Debtors' bankruptcy co-counsel.  Berger Singerman,
P.A., serves as their bankruptcy counsel.  Arcadia Citrus
Enterprises, Inc., serves as manager of their citrus growing
properties.  Kapila & Company serves as chief restructuring
officer.  The Debtors' orange groves are valued at $24 million.
Scott Westlake, the Debtors' managing member, signed the petition.
Mr. Westlake is also listed as the Debtors' largest unsecured
creditor, with $4,827,906 owed.  Another $338,511 debt is owed to
Scott and Vicki Westlake.

No trustee or examiner has been appointed in this Chapter 11 case.
An official committee of unsecured creditors was appointed and is
represented by counsel.


OSSEN INNOVATION: Receives Nasdaq Notification of Non-Compliance
----------------------------------------------------------------
Ossen Innovation Co., Ltd. received a letter from The Nasdaq Stock
Market stating that for the previous 30 consecutive business days,
the bid price of the Company's stock closed below the minimum bid
price of $1.00 per share for continued listing on the Nasdaq
Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1).

In order to regain compliance, the Company has until June 26, 2012
for the closing bid price of its American Depositary Shares to
meet or exceed $1 for a minimum of ten consecutive business days.
If the Company has not regained compliance by the expiration of
the initial 180 calendar days, NASDAQ will then provide written
notification to the Company that its American Depositary Shares
are subject to delisting.  If at any time during this 180-day
period the closing bid price is at least $1 for a minimum of 10
consecutive days, NASDAQ will provide written confirmation of
compliance and matter will be closed.

If the Company does not regain compliance with the Rule during
this 180-day period, the Company may be eligible for an additional
180 calendar days to regain compliance if it meets all other
initial listing standards, with the exception of the bid price.
To qualify for the second compliance period, Ossen must apply to
transfer its American Depositary Shares to The NASDAQ Capital
Market and provide written notice to NASDAQ of its intent to cure
this deficiency during the second compliance period.

                      About Ossen Innovation

Ossen Innovation Co., Ltd. manufactures and sells a wide variety
of plain surface pre-stressed steel materials and rare earth
coated and zinc coated pre-stressed steel materials.  The
Company's products are mainly used in the construction of bridges,
as well as in highways and other infrastructure projects. Ossen
has two manufacturing facilities located in Maanshan, Anhui
Province, and Jiujiang, Jiangxi Province.

PAN AM LAND: Case Dismissal, Conversion Hearing Set for Feb. 8
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona will convene
a hearing on Feb. 8, 2012, at 9:00 a.m., to consider the request
to dismiss or convert the Chapter 11 case of Pan Am Land, LLC, to
one under Chapter 7 of the Bankruptcy Code.

Creditor Pleasant Valley Airport Associates, in its motion to
dismiss or convert the Debtor's case, explained that, among other
things:

   -- it appears that there is an absence of a reasonable
   likelihood of rehabilitation and a likelihood of continuing
   loss to or diminution of the estate;

   -- the Debtor is delinquent in the filing of 11 monthly
   financial reports for February 2011 through December 2011; and

   -- the Debtor failed to pay quarterly fees to the United States
   Trustee.

Pleasant Valley is represented by:

         Bennett R. Shelsky, Esq.
         FAITH, LEDYARD, NICKEL & SHELSKY, PLC
         919 North Dysart Road, Suite F
         Avondale, Arizona 85323
         Tel: (623) 932-0430
         Fax: (623) 932-1610
         E-mail: bshelsky@faithlaw.com

                       About Pan Am Land LLC

Sherri S. Parkin, Michael P. Potekhen, and Aaron C. Valenzuela,
filed for Involuntary Chapter 11 against Phoenix, Arisona-based
Pan Am Land LLC (Bankr. D. Ariz. Case No. 11-02234) on Jan. 27,
2011.  Redfield T. Baum, Sr. presides over the case.


PARADISE HOSPITALITY: Court OKs Lim Ruger as Bankruptcy Counsel
---------------------------------------------------------------
Paradise Hospitality, Inc., sought and obtained permission from
the U.S. Bankruptcy Court for the Central District of California
to employ Lim, Ruger & Kim, LLP, as its bankruptcy counsel,
effective as of Oct. 26, 2011.

Lim Ruger will:

a) advise the Debtor with regard to the requirements of the
   bankruptcy court, bankruptcy rules, Bankruptcy Code and the
   Office of the United States Trustee as they pertain to the
   Debtor and the bankruptcy estate;

b) advise the Debtor with regard to its rights and remedies and
   the rights, claims and interests of creditors;

c) represent the Debtor in any proceeding or hearing in the
   bankruptcy court unless the Debtor is represented in such
   proceeding or hearing by other special counsel;

d) conduct examinations of witnesses, claimants or adverse parties
   and represent the Debtor in any adversary proceeding except to
   the extent that any such adversary proceeding is in an area
   outside of Lim Ruger's expertise or which is beyond Lim Ruger's
   staffing capabilities;

e) prepare and assist the Debtor in the preparation of reports,
   applications, pleadings and orders, including but not limited
   to, applications to employ professionals, interim statements
   and operating reports, initial filing requirements, schedules
   and statements of financial affairs, lease pleadings, cash
   collateral pleadings, financing pleadings, and pleadings with
   respect to the Debtor's use, sale or lease of property outside
   of the ordinary course of business;

f) represent the Debtor with regard to debtor-in-possession
   financing or use of cash collateral;

g) assist the Debtor in the negotiation, formulation, preparation
   and confirmation of a plan of reorganization, and the
   preparation and approval of a disclosure statement in respect
   of the plan; and

h) perform any other services that may be appropriate in
   connection with Lim Ruger's representation of the Debtor in
   this bankruptcy case.

The Debtor expects Sam S. Oh, Esq., will be the lead attorney at
Lim Ruger responsible for the representation of the Debtor, with
attorney Jane N. Kespradit, Esq., assisting in the representation
in this Chapter 11 case.

Lim Ruger's professionals bill:

               Name                      Hourly Rate
               ----                      -----------
       John Lim, Esq.                       $450
       Richard Ruger, Esq.                  $450
       Christopher Kim, Esq.                $450
       Bruce Iwasaki, Esq.                  $450
       Sebong Hong, Esq.                    $450
       Bryan Sheldon, Esq.                  $400
       Marc Manason, Esq.                   $400
       Sandy Sakamoto, Esq.                 $400
       Sam S. Oh, Esq.                      $400
       Lisa Yang, Esq.                      $350
       Arnold Barba, Esq.                   $350
       Phillip Cha, Esq.                    $300
       Paul Kim, Esq.                       $290
       James Ho, Esq.                       $290
       George Busu, Esq.                    $270
       Julie Kwun, Esq.                     $250
       Norma Nava, Esq.                     $200
       Jane Kespradit, Esq.                 $200

During the one-year period prior to its Chapter 11 filing, the
Debtor paid a retainer of $50,000 to Lim Ruger for services
rendered or to be rendered in contemplation of or in connection
with the Debtor's Chapter 11 case.  The retainer was received on
Oct. 21, 2011.

Prior to the filing of the petition on Oct. 26, 2011, Lim Ruger
billed the Debtor for all preliminary services rendered in
preparation of the bankruptcy filing and withdrew from its client
trust account $6,580 for such preliminary services.  Thus, the
retainer balance in the trust account is currently $43,420.  Lim
Ruger agrees to maintain this balance in its client trust account,
and proposes to draw down on the Retainer to pay its postpetition
fees and costs, but only if the Court order approving Lim Ruger's
employment authorizes it.

To the best of the Debtor's knowledge, Lim Ruger does not hold or
represent any interest materially adverse to the Debtor or the
Debtor's estate, and that Lim Ruger is a "disinterested person" as
that term is defined in section 101(14) of the Bankruptcy Code.

                    About Paradise Hospitality

Based in Fullerton, California, Paradise Hospitality, Inc., owns a
hotel located in Toledo, Ohio and a retail shopping center in El
Dorado, Arkansas.  The Debtor currently manages and operates the
Hotel.  Haydn Cutler company currently manages the Retail Center.
The Company filed for Chapter 11 bankruptcy (Bankr. C.D. Calif.
Case No. 11-24847) on Oct. 26, 2011, about three weeks after it
lost the right to use the Crowne Plaza for its hotel.  For now,
the hotel has been renamed Plaza Hotel Downtown Toledo.

Judge Erithe A. Smith presides over the case.  Sam S. Oh, Esq. --
sam.oh@limruger.com -- at Lim, Ruger & Kim, LLP, serves as the
Debtor's counsel.  The Debtor disclosed $15,628,687 in assets and
$21,430,333 in liabilities as of the Chapter 11 filing.  The
petition was signed by the Debtor's president, Dae In Kim, a
Korean businessman who lives in southern California.


PARADISE HOSPITALITY: Court OKs Lim and Lim as Accountant
---------------------------------------------------------
Paradise Hospitality, Inc., sought and obtained permission from
the U.S. Bankruptcy Court for the Central District of California
for permission to employ Lim and Lim Accountancy Corporation as
accountant, effective as of Oct. 26, 2011.

Lim & Lim will prepare tax returns and provide tax
consulting, accounting and bookkeeping services as the Debtor may
request from time to time.

Lim & Lim will be paid a flat fee of $1,000 for preparing a
consolidated tax return for the year 2011.  This fee will be paid
by the Debtor as an ordinary course expense upon the filing of the
tax return.

All other services will be billed by Lim & Lim on an hourly basis
in accordance with its standard billing rates.  The standard
billing rates for those professionals at Lim & Lim who will
provide services for the Debtor are: (1) Choon Taik Lim, CPA, at
$250 per hour, and (2) Edward Ha, Senior Accountant, at $150 per
hour. For all such services rendered on an hourly basis, Lim & Lim
will file a fee application and seek compensation under Section
330.

Lim & Lim attests that the firm is a "disinterested person," as
that term is defined in Section 101(14) of the Bankruptcy Code.

                    About Paradise Hospitality

Based in Fullerton, California, Paradise Hospitality, Inc., owns a
hotel located in Toledo, Ohio and a retail shopping center in El
Dorado, Arkansas.  The Debtor currently manages and operates the
Hotel.  Haydn Cutler company currently manages the Retail Center.
The Company filed for Chapter 11 bankruptcy (Bankr. C.D. Calif.
Case No. 11-24847) on Oct. 26, 2011, about three weeks after it
lost the right to use the Crowne Plaza for its hotel.  For now,
the hotel has been renamed Plaza Hotel Downtown Toledo.

Judge Erithe A. Smith presides over the case.  Sam S. Oh, Esq. --
sam.oh@limruger.com -- at Lim, Ruger & Kim, LLP, serves as the
Debtor's counsel.  The Debtor disclosed $15,628,687 in assets and
$21,430,333 in liabilities as of the Chapter 11 filing.  The
petition was signed by the Debtor's president, Dae In Kim, a
Korean businessman who lives in southern California.


PARADISE HOSPITALITY: Hires Kostyo Law as Special Ohio Co-Counsel
-----------------------------------------------------------------
Paradise Hospitality, Inc., asks permission from the U.S.
Bankruptcy Court for the Central District of California to employ
Kostyo & Associates Law LLC as special Ohio co-counsel.

Upon retention, the firm has agreed, among other things:

   a. to advise the Debtor on matters of Ohio law arising in this
      case or in connection with the operation of the Hotel,
      including, but not limited to, commercial and contract
      issues, tax considerations (especially state and local),
      employment issues, and real estate matters; and

   b. to assist the Debtor and its general bankruptcy counsel in
      identifying, investigating and, if warranted, prosecuting
      potential claims against the previous management company
      (LHMC) and its affiliates for breach of the management
      agreement (which is governed under Ohio law) and other
      potential claims relating to LHMC's management of the Hotel.
      If an action is brought in Ohio against LHMC or its
      affiliates, Anspach Law and Kostyo Law will act as lead
      counsels in such action.

The firm's rates are:

   Personnel                    Rates
   ---------                    -----
   John F. Kostyo, Esq.         $200/hour
   Elaine Guernsey (paralegal)  $100/hour

The firm attests that it is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

                    About Paradise Hospitality

Based in Fullerton, California, Paradise Hospitality, Inc., owns a
hotel located in Toledo, Ohio and a retail shopping center in El
Dorado, Arkansas.  The Debtor currently manages and operates the
Hotel.  Haydn Cutler company currently manages the Retail Center.
The Company filed for Chapter 11 bankruptcy (Bankr. C.D. Calif.
Case No. 11-24847) on Oct. 26, 2011, about three weeks after it
lost the right to use the Crowne Plaza for its hotel.  For now,
the hotel has been renamed Plaza Hotel Downtown Toledo.

Judge Erithe A. Smith presides over the case.  Sam S. Oh, Esq. --
sam.oh@limruger.com -- at Lim, Ruger & Kim, LLP, serves as the
Debtor's counsel.  The Debtor disclosed $15,628,687 in assets and
$21,430,333 in liabilities as of the Chapter 11 filing.  The
petition was signed by the Debtor's president, Dae In Kim, a
Korean businessman who lives in southern California.


PLUM TV: Files Chapter 11 Case, Agrees to Sell Assets
-----------------------------------------------------
Plum TV, Inc., and its subsidiaries have filed chapter 11 cases
(Bankr. S.D.N.Y. Lease Case No. 12-10017).

Bronx, New York-based Plum TV said assets are $8.6 million and
liabilities total $19 million.

In conjunction with the chapter 11 filing, the Company entered
into an asset purchase agreement with an investor group led by
Terry Mackin, president of Greenwich, CT-based ForesightLab, and
Bill Apfelbaum, chairman of New York City-based Media Ventures
Group.

The Company intends to move forward with submitting the agreement
to the Court to serve as the "stalking horse" bid for a Court-
supervised auction of the Company's assets under Section 363 of
the U.S. Bankruptcy Code.

Absent higher and better offers, the Debtors will sell the
business to the investor group for $1 million in cash and the
assumption of $14 million in liability on secured notes.

Under the terms of the asset purchase agreement the investor group
would purchase substantially all of the Company's assets, subject
to certain conditions, the completion of the auction process and
the Bankruptcy Court's approval.  In addition, the investor group
has agreed to lend the Company $1 million in debtor-in-possession
financing.

"We want to reassure our audiences and advertisers that Plum TV
remains in business and will continue to provide our daily
programming throughout this process," said Tom Scott, Plum TV
founder and Chairman.  "Plum and its respective channels continue
to enjoy strong brand identification in desirable markets.  With
berths on cable systems serving these markets, coupled with the
rapid growth of over-the-top video viewing and viewing of local
content on mobile devices, the Plum Network of channels has strong
distribution and viewer loyalty.

"While a filing is a difficult choice, after a tough time for the
company, it is the right choice," Scott continued.  "As longtime,
visionary senior media executives, Terry and Bill have excellent
track records and we believe the Plum TV brand will be well
positioned when it emerges from the proposed asset sale."

Chapter 11 permits a company to continue normal operations while
it develops a plan to reorganize or sell its assets.  The
Company's Board of Directors has determined that filing the
chapter 11 cases and the proposed asset sale are in the best
interests of the Company, its creditors and other stakeholders.
The debtor-in-possession loan will provide the Company with
sufficient capital to fund operations through the sale process.

Scott Williams, founder and CEO of brand development agency Scott
Williams & Co., has been appointed Chief Restructuring Officer.
Before founding his firm, Williams was executive vice president
and chief marketing officer of the luxury-hotel chain Morgans
Hotel Group.  Before that, he was senior vice president and chief
creative officer for Starwood Hotels & Resorts Worldwide.  Prior
to the hospitality industry, Williams held executive positions
within the media industry, including HBO, ESPN and, most recently,
CBS Cable, where he served as vice president, program production
and creative director.

The Plum TV, Inc. bankruptcy counsel is SilvermanAcampora located
in Jericho, N.Y.

Plum TV, Inc., is the owner of the Plum Network of local cable TV
channels serving upscale and resort markets around the country.

                        About ForesightLab

ForesightLab -- http://www.foresightlab.com/-- is a Greenwich,
CT-based media consultancy. Under its aegis, founder/president
Terry Mackin has served as Chief Restructuring Officer for Gallery
Media, Russia's second-largest outdoor media company, representing
a bondholder group composed of Alliance- Bernstein, Beach Point
Capital Management and Och-Ziff Capital Management Group.

Before launching ForesightLab, Mackin was President of Univision,
the largest Spanish-language television network in the United
States; Executive Vice President at Hearst Television, one of the
largest U.S. television station groups, reaching approximately 18%
of the country; and President & Chief Operating Officer of
StoryFirst Communications, based in London, where he was
responsible for the design and management of several successful
Russian media properties, including the terrestrial broadcast
television network CTC, a television station group and a program
production company.

While at Hearst Television, Mackin was named to the NBC Affiliate
Board, and later was named the board's President-Chairman. He also
served as Chairman of the NBC Affiliates' "Futures" committee,
serving as an architect of new-media initiatives and joint
ventures between the network and its affiliates -- including NBC
WeatherPlus, which provided local weather channels over digital
broadcast spectrum, and the NBCOlympics.com websites launched in
connection with NBC's carriage of the Athens and Torino Olympics.
In 2007 Mackin was named one of Mediaweek magazine's "50 Most
Indispensable Executives in Media."

                    About Media Ventures

Media Ventures Group -- http://www.mediaventuresgroup.com/-- is a
marketing company with expertise in driving revenue and business
growth for clients in the sports, media, entertainment and non-
profit industries.  Bill Apfelbaum joined as Chairman in October
2011 from Titan Worldwide, where he served as Chairman after
cofounding the company in 2001.  During his tenure, Apfelbaum saw
the business become the fastest growing out-of-home advertising
company in history.  Prior to Titan Worldwide, Apfelbaum served as
Chairman and CEO of TDI, the country's largest diversified outdoor
media company, which was ultimately acquired by Westinghouse/CBS.


RAMPART MMW: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Rampart MMW, Inc
        9112 Camp Bowie W, Suite 405
        Fort Worth, TX 76116-6099

Bankruptcy Case No.: 11-47182

Chapter 11 Petition Date: December 30, 2011

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: John M. Carter, Esq.
                  CARTER LAW FIRM
                  421 West Broadway, Suite 306
                  Council Bluffs, IA 51503
                  Tel: (712) 256-3803
                  Fax: (402) 827-7618
                  E-mail: carterlaw4@gmail.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/txnb11-47182.pdf

The petition was signed by Lawrence M. Day, managing member.


REAL MEX: Chevy Outlet at Mercer Hall Closed in November 2011
-------------------------------------------------------------
Erin Duffy at the Times reports that Chevys Fresh Mex restaurant
at the Mercer Mall, which known for its Tex-Mex-heavy menu of
tacos, enchiladas and margaritas, has closed in November 2011.
Four Chevys restaurants remain in the state, all of them in North
Jersey.

The report notes Real Mex Restaurants owns Chevys and three other
casual dining chains.

According to the report, the 10,000-square-foot space that
formerly housed Chevys is currently empty, and it's unknown what
might replace Chevys.

                          About Real Mex

Based in Cypress, California, Real Mex Restaurants, Inc., owns and
operates restaurants, primarily through its major subsidiaries El
Torito Restaurants, Inc., Chevys Restaurants, LLC, and Acapulco
Restaurants, Inc.  It has 178 restaurants, with 149 in California.
There are also 30 franchised locations. It acquired Chevys Inc.
for $90 million through confirmation of Chevy's Chapter 11 plan in
2004.

Real Mex Restaurants and 16 of its affiliates filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 11-13122 to
11-13138) on Oct. 4, 2011.  Judge Brendan Linehan Shannon oversees
the case.  Judge Peter Walsh was initially assigned to the case.

The Debtors are represented by Mark Shinderman, Esq., Fred
Neufeld, Esq., and Haig M. Maghakian, Esq., at Milbank, Tweed,
Hadley & McCloy LLP; and Laura Davis Jones, Esq., and Curtis A.
Helm, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel.  The
Debtors' financial advisors are Imperial Capital, LLC.  The
Debtors' claims, noticing, soliciting and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Assets are $272.2 million while debt totals $250 million,
according to the Chapter 11 petition.  The petitions were signed
by Richard P. Dutkiewiez, chief financial officer and executive
vice president.

Counsel to GE Capital Corp., the DIP Agent and the Prepetition
First Lien Secured Agent, are Jeffrey G. Moran, Esq., and Peter P.
Knight, Esq., at Latham & Watkins LLP; and Kurt F. Gwynne, Esq.,
at Reed Smith LLP as counsel.

Counsel to the Prepetition Secured Second Lien Trustee are Mark F.
Hebbeln, Esq., and Harold L. Kaplan, Esq., at Foley & Lardner LLP.

Counsel to the Majority Prepetition Second Lien Secured
Noteholders are Adam C. Harris, Esq., and David M. Hillman, Esq.,
at Schulte Roth & Zabel LLP; and Russell C. Silberglied, Esq., at
Richards Layton & Finger.

Z Capital Management LLC, which holds nearly 70% of the Opco term
loan, is represented by Derek C. Abbott, Esq., and Chad A. Fights,
Esq., at Morris Nichols Arsht & Tunnell LLP; and Lee R. Bogdanoff,
Esq., and Whitman L. Holt, Esq., at Klee Tuchin Bogdanoff & Stern
LLP.

The Official Committee of Unsecured Creditors retained Kelley Drye
& Warren LLP and Cole, Schotz, Meisel, Forman & Leonard P.A. as
bankruptcy counsel.


REFLECTIONS CAR: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Reflections Car Wash, Inc.
        3621 Malcolm Drive
        Montgomery, AL 36116

Bankruptcy Case No.: 11-33377

Chapter 11 Petition Date: December 30, 2011

Court: U.S. Bankruptcy Court
       Middle District of Alabama (Montgomery)

Judge: William R. Sawyer

Debtor's Counsel: James L. Day, Esq.
                  MEMORY & DAY
                  P.O. Box 4054
                  Montgomery, AL 36103-4054
                  Tel: (334) 834-8000
                  Fax: (334) 834-8001
                  E-mail: jlday@memorylegal.com

                         - and ?

                  Von G. Memory, Esq.
                  MEMORY & DAY
                  P.O. Box 4054
                  469 S. McDonough Street
                  Montgomery, AL 36101
                  Tel: (334) 834-8000
                  Fax: (334) 834-8001
                  E-mail: vgm@memorylegal.com

Estimated Assets: $0 to $50,000

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

The Company?s list of its 20 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/almb11-33377.pdf

The petition was signed by John W. Brown, president.


REPUBLIC TITLE: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Republic Title Company
        1941 Rohlwing Rd.
        Rolling Meadows, IL 60008

Bankruptcy Case No.: 11-52255

Chapter 11 Petition Date: December 31, 2011

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Susan Pierson Sonderby

Debtor's Counsel: Bradley H. Foreman, Esq.
                  LAW OFFICES OF BRADLEY H FOREMAN, P.C.
                  120 S State Street, Suite 535
                  Chicago, IL 60603
                  Tel: (312) 558-1850
                  Fax: (312) 558-1852
                  E-mail: Brad@BradleyForeman.com

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

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 Piero Orsi, president.


ROCHA DAIRY: U.S. Trustee Adds Tina Lowder to Creditors Committee
-----------------------------------------------------------------
The United States Trustee appointed Tina Lowder, as the substitute
for Lonnie Lowder of the Unsecured Creditors' Committee.
Mr. Lowder passed away in Dec. 21.

Tina Lowder can be reached at:

         Blue Mud, Inc.
         P.O. box 5278
         Twin Falls, ID 83303
         Tel: 208-681-9202
         Fax: 208-944-9399

The rest of the members of the Committee are:

   a. Troy Chandler, Farmore of Idaho
   b. David Silva, High Mountain Hay
   c. Chancey Standlee, Standlee Hay Company
   d. Cindy Wiersema, Kurt Wiersema Trucking

                     About Rocha Dairy

Based in Wendell, Idaho, Rocha Dairy, LLC, aka Rocha Farms, filed
for Chapter 11 bankruptcy (Bankr. D. Idaho Case No. Case No. 11-
40836) on May 25, 2011.  Judge Jim D. Pappas presides over the
case.  Lawyers at Robinson, Anthon & Tribe serve as bankruptcy
counsel.

In its petition, the Debtor estimated $10 million to $50 million
in assets and $1 million to $10 million in debts.  The petition
was signed by Elcidio Rocha, member.


ROOMSTORE INC: Furniture Company Fights to Join Auction
-------------------------------------------------------
Dow Jones' DBR Small Cap reports that a Florida furniture company
claims it has been shut out of RoomStore Inc.'s sale process and
is trying to wedge its way back into the fight for a subset of the
company's stores.

RoomStore Inc. was slated to auction off Jan. 4 the rights to
manage its going-out-of-business sales, as required under its DIP
financing facility with Wells Fargo Bank, N.A., in its capacity as
agent for itself and the other financial institutions.

The DIP facility is a $14 million senior secured revolving
superpriority debtor-in-possession credit facility, governed by
the terms of prepetition loan documents, as amended by the
parties' Ratification and Amendment Agreement.

                      About RoomStore Inc.

Richmond, Virginia-based RoomStore, Inc., operates a chain of 64
retail furniture stores, including both large-format stores and
clearance centers in eight states: Pennsylvania, Maryland,
Virginia, North Carolina, South Carolina, Florida, Alabama, and
Texas.  It also has five warehouses and distribution centers
located in Maryland, North Carolina, and Texas that service the
Retail Stores.  The Company also offers its home furnishings
through Furniture.com, a provider of internet-based sales
opportunities for regional furniture retailers.  The Company owns
65% of Mattress Discounters Group LLC, which operates 83 mattress
stores (as of Aug. 31, 2011) in the states of Delaware, Maryland
and Virginia and in the District of Columbia.

RoomStore was founded in 1992 in Dallas, Texas, with four retail
furniture stores.  With more than $300 million in net sales for
its fiscal year ending 2010, RoomStore is one of the 30 largest
furniture retailers in the United States.

RoomStore filed for Chapter 11 bankruptcy (Bankr. E.D. Va. Case
No. 11-37790) on Dec. 12, 2011, following store-closing sales at
four of its retail stores, located in Hoover, Alabama;
Fayetteville, North Carolina; Tallahassee, Florida; and Baltimore,
Maryland.  Judge Douglas O. Tice, Jr., presides over the case.
Lawyers at Lowenstein Sandler PC and Kaplan & Frank, PLC serve as
the Debtor's bankruptcy counsel.

The Company's balance sheet at Aug. 31, 2011, showed $70.4 million
in total assets, $60.3 million in total liabilities, and
stockholders' equity of $10.1 million.  The petition was signed by
Stephen Girodano, president and chief executive officer.

Liquidator Hilco Merchant Resources, Inc., is represented in the
case by Gregg M. Galardi, Esq., at DLA Piper LLP (US); and Robert
S. Westermann, Esq., and Sheila deLa Cruz, Esq., at Hirschler
Fleischer, P.C.

The U.S. Trustee for Region 4 named seven members to the official
committee of unsecured creditors in the case.


SACHCHIDANAND INVESTMENT: Case Summary & Creditors List
-------------------------------------------------------
Debtor: Sachchidanand Investment LLC
        281 Mount Olive Road
        McDonough, GA 30253

Bankruptcy Case No.: 11-86876

Chapter 11 Petition Date: December 29, 2011

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

Judge: Wendy L. Hagenau

Debtor's Counsel: Ian M. Falcone, Esq.
                  THE FALCONE LAW FIRM PC
                  363 Lawrence Street
                  Marietta, GA 30060
                  Tel: (770) 426-9359
                  E-mail: attorneys@falconefirm.com

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

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

The Company?s list of its five largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/ganb11-86876.pdf

The petition was signed by Jayesh I. Patel, member.


SARGENT RANCH: Secured Creditor DACA Wants 2nd Ch. 11 Dismissed
---------------------------------------------------------------
Secured Creditor DACA2010L L.P. asks the U.S. Bankruptcy Court for
the Southern District of California to dismiss the Chapter 11 case
of Sargent Ranch, LLC.  DACA tells the Court that the Debtor has a
concurrent Chapter 7 case still pending.  According to DACA, the
Chapter 7 trustee therein abandoned Debtor's sole asset on
Sept. 29, 2011 to permit the secured creditors to litigate and
liquidate Debtor's sole property.

DACA requests the Court to dismiss Debtor's Second Bankruptcy and
and allow the the assets to be liquidated according to the rights
of the secured creditors.  According to DACA, the Debtor's Second
Bankruptcy was filed in response to the third deed of trust
holders' foreclosure on the property, and is a patently bad faith
bankruptcy.  DACA adds that Debtor's Second Bankruptcy also
violates the spirit of the Bankruptcy Code, and is improper and in
bad faith given the futility of the First Bankruptcy.

San Diego, Calif.-based Sargent Ranch, LLC, owns Sargent Ranch
Property located 5 miles south of downtown Gilroy, Calif., an
agricultural and residential community located about 20 miles
south of San Jose and 30 miles north of Monterey, Calif.

The Company filed for Chapter 11 relief (Bank. S.D. Calif. Case
No. 11-18853) on Nov. 18, 2011.  Judge Laura S. Taylor presides
over the case.  Brendan K. Ozanne, Esq., at Dawson & Ozanne, in La
Jolla, Calif., represents the Debtor as counsel.  In its
schedules, the Debtor disclosed assets of $716,100,000 and debts
of $58,121,979 as of the Petition Date.  Judge Laura S. Taylor
presides over the case.

The petition was signed by Wayne F. Pierce, managing member.  This
is the second Chapter 11 filing for Sargent Ranch, LLC.

The Debtor first filed for Chapter 11 bankruptcy (Bankr. S.D.
Calif. Case No. 10-00046) on Jan. 4, 2010.  The Honorable Peter W.
Bowie converted the Chapter 11 case of Sargent Ranch, LLC, to one
under Chapter 7 on Jul. 22, 2011, after finding that despite the
valiant efforts of the trustee and his professionals, there does
not appear to be a solution in the bankruptcy arena for the
Debtor's property.


SAVANNAH INTERESTS: Case Summary & Largest Unsecured Creditor
-------------------------------------------------------------
Debtor: Savannah Interests, LLC
        26719 Pleasant Park Road, Suite 200
        Conifer, CO 80433

Bankruptcy Case No.: 11-42698

Chapter 11 Petition Date: December 30, 2011

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

Debtor's Counsel: Robert C. Threlkeld, Esq.
                  MORRIS MANNING & MARTIN LLP
                  1600 Atlanta Financial Center
                  3343 Peachtree Rd NE
                  Atlanta, GA 30326
                  Tel: (404) 233-7000
                  Fax: (404) 365-9532
                  E-mail: rthrelkeld@mmmlaw.com

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

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

The petition was signed by David Hennessy, CEO of Gulfstream
Capital Corp., managing member.

Debtor's List of Its Largest Unsecured Creditors contains only one
entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Chatham County Tax Commissioner    Taxes                  $546,946
133 Montgomery Street, 1st Floor
P.O. Box 9827
Savannah, GA 31412


SECUREALERT INC: R. Klinkhammer Ceases to Hold 5% Common Shares
---------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Rene Klinkhammer disclosed that as of
Dec. 21, 2011, it beneficially owns 2,375,318 shares of common
stock of SecureAlert, Inc., representing less than 1% of the
shares outstanding.

On Dec. 21, 2011, SecureAlert held its 2011 Annual Meeting of
Shareholders.  At the Annual Meeting, the Reporting Person voted:

   -- against approval of an amendment to the Company's Articles
      of Incorporation to authorize the classification of the
      Board into three classes with staggered terms;

   -- for the election of John L. Hastings III, Larry G. Schafran,
      David P. Hanlon, Rene Klinkhammer, George F. Schmitt,
      Antonio J. Rodriquez and Winfried Kunz as directors;

   -- for approval of an amendment to the Company's Articles of
      Incorporation to increase the number of Shares that the
      Company is authorized to issue from 600,000,000 to
      1,250,000,000 Shares;

   -- for approval of the 2012 Equity Compensation Plan; and

   -- for approval of the ratification of Hansen Barnett &
      Maxwell, P.C., as the Company's independent registered
      public accountants.

Following the conclusion of the Annual Meeting, the Proxies
received by Mr. Klinkhammer expired pursuant to their terms.
Accordingly, Mr. Klinkhammer no longer has the discretion to vote
the Proxy Shares.  Mr. Klinkhammer expressly disaffirms the
existence of a group with regard to the Proxy Shares and disclaims
beneficial ownership of any securities owned by holders of the
Proxy Shares.

A full-text copy of the filing is available for free at
http://is.gd/dNx88r

                       About SecureAlert Inc.

Sandy, Utah-based SecureAlert, Inc. (OTC BB: SCRA)
-- http://www.securealert.com/-- is an international provider of
electronic monitoring systems, case management and services widely
utilized by more than 650 law enforcement agencies worldwide.
The Company's balance sheet at June 30, 2011, showed $15.18
million in total assets, $10.48 million in total liabilities, and
$4.70 million in total equity.

The Company reported a net loss of $9.85 million on $17.96 million
of total revenues for the fiscal year ended Sept. 30, 2011,
compared with a net loss of $13.92 million on $12.45 million of
total revenues during the prior year.

The Company's balance sheet at Sept. 30, 2011, showed
$22.68 million in total assets, $9.07 million in total liabilities
and $13.61 million in total equity.

Hansen, Barnett & Maxwell, P.C., in Salt Lake City, Utah,
expressed substantial doubt about the Company's ability to
continue as a going concern following the fiscal 2011 financial
results.  The independent auditors noted that the Company has
incurred losses, negative cash flows from operating activities and
has an accumulated deficit.


SEMCRUDE LP: 3rd Cir. Rejects Manchester Plan Appeal
----------------------------------------------------
The U.S. Court of Appeals for the Third Circuit dismissed an
appeal by Manchester Securities Corp. from the order approving the
SemCrude L.P., bankruptcy exit plan.  The District Court in
Delaware had affirmed the Bankruptcy Court approval of the plan,
holding that Manchester's appeal was equitably moot.  The Third
Circuit affirmed.

Manchester is the largest creditor of SemGroup Holdings, L.P.
Manchester contends that Holdings is owed $50 million by SemCrude
Pipeline, L.L.C., an affiliated company that was part of a
separately administered Chapter 11 proceeding.  Pipeline's
bankruptcy proceeding involved a number of related companies, and
was resolved through a confirmed plan.  Manchester objected to
confirmation of the Plan on the ground that it did not provide for
the payment of Pipeline's purported $50 million debt to Holdings.
The Bankruptcy Court overruled this objection, finding that the
alleged obligation was illusory and solely the result of a
computerized accounting error.  Manchester subsequently moved
orally for a stay, which the Bankruptcy Court denied without
prejudice to Manchester's right to make a written motion for a
stay on a full record.  Manchester did not make any further
request for a stay.

On Nov. 30, 2009, the Plan became effective and was substantially
consummated through various transactions by which the Debtors
became the "Reorganized Debtors."  Subsequently, Manchester filed
a timely appeal to the District Court, challenging the Bankruptcy
Court's approval of the Plan and asserting that Holdings had
either an administrative priority claim or a general unsecured
claim for $50 million against Pipeline.

Judge Dolores Sloviter, who wrote the opinion, agreed with the
District Court that permitting Manchester's claim would threaten
the financial health of the Reorganized Debtors and undercut the
Plan.  The judge pointed out that various financial institutions
have issued lines of credit to the Reorganized Debtors.  The
record reveals that the projected balance sheets of the
Reorganized Debtors used in the negotiation and approval of the
Plan do not account for the $50 million Holdings claim.

"In light of this fact and the size of the claim asserted by
Manchester, we can only conclude that the parties to the Plan,
including those who continued as creditors to the Reorganized
Debtors, relied on the Bankruptcy Court's rejection of the
Holdings claim as part of their approval of the Plan and their
willingness to lend to the Reorganized Debtors," Judge Sloviter
wrote.

The judge also noted that the Reorganized Debtors have entered
into various executory contracts and leases in which the interests
of their counterparties could be harmed by damage to the
Reorganized Debtors' financial health.  Also, the stock and
warrants issued as part of the consummation of the plan have been
freely tradable since their issuance, and the rights of persons
holding these instruments would be affected by Manchester's
appeal.

Circuit Judge Thomas I. Vanaskie and District Judge Lawrence F.
Stengel of the U.S. District Court for the Eastern District of
Pennsylvania, sitting by designation, are the two other members of
the review panel.

The case is Manchester Securities Corp., et al., Appellant, No.
11-1724 (3rd Cir.).  A copy of the Third Circuit's Jan. 3, 2012
opinion is available at http://is.gd/UeXV4Nfrom Leagle.com.

                      About SemGroup, L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark
D. Collins, Esq., at Richards Layton & Finger; Harvey R. Miller,
Esq., Michael P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil,
Gotshal & Manges LLP; and Martin A. Sosland, Esq., and Sylvia A.
Mayer, Esq., at Weil Gotshal & Manges LLP, represented the Debtors
in their restructuring efforts.  Kurtzman Carson Consultants
L.L.C. served as the Debtors' claims agent.  The Blackstone Group
L.P. and A.P. Services LLC acted as the Debtors' financial
advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup L.P.'s consolidated, unaudited financial conditions as of
June 30, 2007, showed $5,429,038,000 in total assets and
$5,033,214,000 in total debts.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The
Plan, which distributed more than $2.5 billion in value to
stakeholders, was declared effective on Nov. 30, 2008.


SHAMROCK-SHAMROCK: Court OKs M. Gilmore as State Court Attorney
---------------------------------------------------------------
Shamrock-Shamrock, Inc., sought and obtained permission from the
U.S. Bankruptcy Court for the Middle District of Florida to employ
Marshall J. Gilmore, Esq., to represent in certain state court
litigation proceedings.  The Debtor is in need of an attorney
versed in real property foreclosure litigation law, as well as qui
tam actions, to represent the Debtor before State Court relating
to claims against Wells Fargo and Deutsche Bank for second
mortgage defense.  Those claims would generate funds to be paid to
unsecured creditors.

Compensation for the representation in the pending State Court
actions will comprise of:

   (a) State of Florida ex rel Shamrock-Shamrock, Inc. vs. Wells
       Fargo et al. Case No. 2010 CA 3912, Leon County Circuit
       Court: qui tam action now under seal to recover a false
       claim for unpaid taxes due the State of Florida.  The
       Debtor will be entitled to the relator staturoty fee for
       discovering and filing the case on behalf of the State of
       Florida.

   (b) Deutsche Bank v. Sliwa and Shamrock-Shamrock, Case No. 09-
       CICI- 31733 in the Circuit Court of Volusia County, FL:
       Debtor is second lien holder in matter where first lien is
       invalid.  Debtor's interest that may be recovered is in
       excess of $100,000, plus attorney fees and costs and
       interest.

   (c) Deutsche Bank v. Sliwa and Shamrock-Shamrock, Case No.
       2011-30881 CICI in the Circuit Court of Volusia County, FL:
       Debtor is second lien holder in matter where first lien is
       invalid.  Debtor's interest that may be recovered is in
       excess of $100,000, plus attorney fees and court costs and
       interest.

   (d) Deutsche Bank v. Lawson and Shamrock-Shamrock, et al., Case
       No. 09-CICI - 30059 in the Circuit Court of Volusia County,
       FL: Debtor is second lien holder in matter where first lien
       is invalid.  The Debtor's interest that may be recovered is
       in excess of $100,000, plus attorney fees and court costs
       and interest.

   (e) Shamrock-Shamrock vs Lawson, unfilled lawsuit on note
       secured by real estate to recover the amount of in excess
       of $100,000, plus attorney fees, court costs and interest.

   (f) Deutsche Bank v. Gould and Shamrock-Shamrock, Case No. 09-
       1758 in the Circuit Court of Monroe County, FL: Debtor is
       second lien holder in matter where first lien is invalid.
       Debtor's interest that may be recovered is in excess of
       $100,000, plus attorney fees and court costs and interest.

   (g) Deutsche Bank Trust, Series 1 vs Atlantic Condo Partners
       III, LLC Case No. 2009 -CICI 33687.

   (h) Deutsche Bank Trust, Series 2 vs Atlantic Condo Partners
       III, LLC., Case No. 2009 - CICI 334809.

   (i) Wells Fargo vs. Gould and Florida Lifestyle Homes, Case No.
       2009-CA-1758. Case wherein in excess of $100,000 may be
       recovered as second lien holder.

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

A hearing was held on Dec. 9, 2011, to consider the Application.
As of press time, no order has been released.

                    About Shamrock-Shamrock Inc.

Daytona Beach, Florida-based Shamrock-Shamrock Inc. owns 70
parcels of Florida real property.  It filed for Chapter 11
protection (Bankr. M.D. Fla. Case No. 11-07061) on May 10, 2011.
Judge Arthur B. Briskman presides over the case.  The Law Offices
of Mickler & Mickler serves as bankruptcy counsel.

The Debtor disclosed in its amended schedules $12,904,154 in
assets and $17,036,102 in liabilities.  In the original schedules,
the Company disclosed assets of $12,904,154 and liabilities of
$17,021,201, owing on mortgages to a variety of lenders.


SHAMROCK-SHAMROCK: Court OKs George Gingo as Litigation Attorney
----------------------------------------------------------------
Shamrock-Shamrock Inc. sought and obtained permission from the
U.S. Bankruptcy Court for the Middle District of Florida to employ
George Gingo, Esq., to represent the Debtor in certain claims
litigation proceedings.

The Debtor tells the Court that it is in need of an attorney
versed in bankruptcy claims litigation law to represent it before
the Court relating to claims by Deutsche Bank/AHMSI for the
properties located at 371 Atlantic Ave, Ormond Beach, Flordia, and
3110 John Anderson, Ormond Beach, Florida.  The claims would be
treated as unsecured creditors in the Chapter 11 Plan of the
Debtor due to fraud involved in the execution of certain
mortgage/foreclosure documents.

The Debtor assures the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                  About Shamrock-Shamrock Inc.

Daytona Beach, Florida-based Shamrock-Shamrock Inc. owns 70
parcels of Florida real property.  It filed for Chapter 11
protection (Bankr. M.D. Fla. Case No. 11-07061) on May 10, 2011.
Judge Arthur B. Briskman presides over the case.  The Law Offices
of Mickler & Mickler serves as bankruptcy counsel.

The Debtor disclosed in its amended schedules $12,904,154 in
assets and $17,036,102 in liabilities.  In the original schedules,
the Company disclosed assets of $12,904,154 and liabilities of
$17,021,201, owing on mortgages to a variety of lenders.


SHAMROCK-SHAMROCK: Court OKs S. Ponder for Landlord-Tenant Issues
-----------------------------------------------------------------
Shamrock-Shamrock, Inc., sought and obtained permission from the
U.S. Bankruptcy Court for the Middle District of Florida to employ
Stephen R. Ponder to represent the Debtor in certain state court
litigation proceedings.

The Debtor is in need of an attorney versed in landlord-tenant law
to represent the Debtor before the State Court in evictions, lease
deficiency claims and collection actions related to real
properties leased by the Debtor in various tenants.

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

                  About Shamrock-Shamrock Inc.

Daytona Beach, Florida-based Shamrock-Shamrock Inc. owns 70
parcels of Florida real property.  It filed for Chapter 11
protection (Bankr. M.D. Fla. Case No. 11-07061) on May 10, 2011.
Judge Arthur B. Briskman presides over the case.  The Law Offices
of Mickler & Mickler serves as bankruptcy counsel.

The Debtor disclosed in its amended schedules $12,904,154 in
assets and $17,036,102 in liabilities.  In the original schedules,
the Company disclosed assets of $12,904,154 and liabilities of
$17,021,201, owing on mortgages to a variety of lenders.


SHOPS AT PRESTONWOOD: Wants to Disburse Proceeds of Lots to Lender
------------------------------------------------------------------
The Shops at Prestonwood, L.P., asks the U.S. Bankruptcy Court for
the Northern District of Texas to enter an order authorizing it to
disburse to Valliance Bank the proceeds from sales of the subject
lots held in the Debtor's segregated debtor-in-possession account.

As of the Petition Date, the Debtor was indebted to Valliance
Bank, who holds a first lien on the lots and a second lien on the
land pursuant to a prepetition loan made to the Debtor on or about
June 23, 2008, in the original principal amount of $8,322,890.

The Debtor relates that on April 20, 2011, the Court authorized
the Debtor to sell 19 of the Smaller Lots to D.R. Horton ? Texas,
Ltd. for a base purchase price of $45,000 per lot.

On June 7, 2011, the Court authorized the Debtor to sell 6 of the
Larger Lots (the subject lots) to Prestonwood Custom Homes, L.P.
for a base purchase price of $65,000 per lot.

The Debtor adds that it was unable to disburse the proceeds to
Valliance Bank, and it has been holding the proceeds in a
segregated account pending a determination of Pulte Homes of
Texas, L.P.'s claim.

Pulte was asserting a first lien in all of the Debtor's property,
including the Subject Lots, based upon a 2006 purchase agreement
under which Pulte was to purchase certain of the lots from the
Debtor.  Although the Pulte Purchase Agreement was ultimately
terminated, Pulte contended that the Debtor remained obligated to
it pursuant to a promissory note and a related deed of trust
executed by the Debtor in favor of Pulte in connection with the
Pulte Purchase Agreement and also asserted that it held a lien on
the entire Shops at Prestonwood subdivision.

The Debtor recently reached a court-approved settlement agreement
with Pulte under which Pulte released all of its claims against
the Debtor, including the lien it was asserting against the
Debtor's property.  Valliance Bank is now the sole creditor with
an interest in the proceeds.

                   About The Shops at Prestonwood

Addison, Texas-based The Shops at Prestonwood, LP's primary assets
consist of approximately 144 residential townhome lots and an
additional 17.170 acres of residential undeveloped land located
within the Shops at Prestonwood subdivision in Denton County,
Texas.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 11-32209) on April 1, 2011.  Melissa S. Hayward,
Esq., at Franklin Skierski Lovall Hayward LLP, serves as the
Debtor's bankruptcy counsel.  The Debtor disclosed $18,200,000 in
assets and $14,151,239 in liabilities as of the Chapter 11 filing.

No creditors' committee, trustee nor examiner has been appointed
in the case.


SOUTHWEST GEORGIA: Completes Chapter 11 Bankruptcy
--------------------------------------------------
Walb.com reports that Southwest Georgia Ethanol completed its
Chapter 11 bankruptcy on Dec. 31, 2011, and will start the new
year with full production levels.  Right now the plant is
producing ethanol at levels up to 105% of capacity.

According to the report, the management team and all 64 employees
will retain their jobs.  The restructuring includes establishing a
board of managers which will include James Continenza, who has
experience in the ethanol industry and with turning around under-
performing businesses.

The report relates that Murray Campbell, President of SWGE and one
of the founders of the company, said "SWGE will have the benefit
of a strong balance sheet, allowing SWGE to continue to be an
economic engine for Southwest Georgia, contributing to local tax
coffers, and generating revenue for area businesses.

"SWGE will continue to offer competitive prices to our local corn
farmers and provide quality distillers grains for local livestock.
We appreciate our corn farmers, distillers grains customers, and
our vendors working with us.  We are also very proud of our
employees' dedication as we worked towards this day."

The report says SWGE will retain all of its management team
including Murray Campbell as President, Larry Kamp as CFO, Brad
Kusterman as Director of Commodities, Sandy Boone as Controller,
Josh Edwards as Director of Operations, and Andy Culpepper as
Maintenance Manager.

The report notes SWGE established a Board of Managers including
James Continenza who will serve as Chairman of the Board of
Managers.  Mr. Continenza has experience in the ethanol industry
and has served as a senior executive turning around
underperforming businesses in a variety of industries.  Murray
Campbell, President of SWGE, will also serve on the Board of
Managers.

                About Southwest Georgia Ethanol

Southwest Georgia Ethanol LLC, a unit of First United Ethanol Co.,
sought bankruptcy protection (Bankr. M.D. Ga. 11-10145) in Albany,
Georgia, on Feb. 1, 2011.

The Debtor owns and operates an ethanol production facility
located on 267 acres in Mitchell County, Georgia, producing
100 million gallons of ethanol annually.  Ethanol production
operations commenced in October 2008.  Revenue was $168.9 million
for fiscal year ended Sept. 30, 2010.  The Debtor said
profitability and liquidity have been materially reduced by
unfavorable fluctuations in commodity prices for ethanol and corn.

Gary W. Marsh, Esq., J. Michael Levengood, Esq., and Bryan E.
Bates, Esq., at McKenna Long & Aldridge LLP, in Atlanta, Georgia,
serve as counsel to the Debtor.  Morgan Keegan & Company, Inc., is
the investment banker and financial advisor.

The Debtor's balance sheet showed $164.7 million in assets and
$134.1 million in debt as of Dec. 31, 2010.

Since 2008, at least 11 ethanol-related companies have sought
court protection, including VeraSun Energy Corp., once the second-
largest U.S. ethanol maker; units of Pacific Ethanol Inc.; and
White Energy Holding Co.

On Dec. 9, 2011, the Bankruptcy Court confirmed Southwest Georgia
Ethanol's First Amended and Restated Plan of Reorganization.  The
Court also approved the appointment of Christopher Tierney of Hays
Financial Consulting, LLC, by the Official Committee of Unsecured
Creditors to serve as Litigation trustee.

The Plan calls for lenders owed $107.6 million to receive $105
million in preferred stock plus 25% of the common stock.  The
disclosure statement estimates the lenders' recovery at 97.5%.
Unsecured creditors with $2.1 million in claims and bondholders
owed $8.7 million are to receive proceeds from a litigation trust
and are expected to see a recovery of 3%.  The Disclosure
Statement provided that if lower classes accept the Plan, the
lenders will waive their deficiency claims.


SW BOSTON: First Amended Joint Plan Declared Effective
------------------------------------------------------
SW Boston Hotel Venture LLC has filed a notice with the U.S.
Bankruptcy Court for the District of Massachusetts that the
effective date of the plan is Dec. 1, 2011.  Distributions to
holders of allowed claims were made as soon as practicable after
the effective date.

The administrative expense claim and the professional fee claims
bar date is set on Jan. 5, 2011.

As reported in the Troubled Company Reporter on Nov. 16, 2011,
SW Boston Hotel Venture LLC and its affiliated debtors won
confirmation of their Modified First Amended Joint Plan of
Reorganization over the objection of Prudential Insurance Company
of America.

Prudential is the only creditor and class which voted against the
Plan.  All other classes of creditors accepted or are deemed to
have accepted the Plan.  The City of Boston cast its own vote in
favor of the Plan.

Prudential submitted a ballot rejecting the Plan on behalf of the
City of Boston.  Prudential is seeking to strike the City's vote
and cast its own vote against the Plan on behalf of the City
pursuant to an Intercreditor and Subordination Agreement.  The
Intercreditor Agreement between the City as Junior Lender and
Prudential as Senior Lender is dated January 2009 and was executed
in connection with the City's $10 million loan to SW to assist it
in completing construction of the project.  Prudential contends
that the City agreed to assign its voting rights to Prudential
based upon Section 8(c) of the Intercreditor Agreement.

The Plan provides for payment in full of all allowed claims held
by non-insiders from the income generated by the Debtors'
operations and the sale of the Debtors' assets.  The Debtors
propose to sell the condominiums in the ordinary course of SW's
business and the proceeds of the sales of the condominiums, and
the assets and income of the affiliated Debtors will be used as
necessary to pay allowed claims in full with interest.

Under the Plan, Prudential is allowed a $180,803,187.86 claim in
Class 2.  The claim will be paid in full prior to March 31, 2014
with post-confirmation interest at a rate of 4.25%, or such other
rate as determined by the Court.  Prudential will retain its
prepetition liens on the Debtors' property and it will be paid
from condo sales.  Prudential also will receive, on a monthly
basis, the aggregate of the Debtors' cash in excess of working
capital amounts.  The Plan provides for Prudential to receive
additional treatment as the Court determines is necessary to
provide Prudential with the indubitable equivalent of the allowed
claim.

The City of Boston will be paid in full under the Plan including
interest at the contract rate of 8%.  The City is allowed a
secured claim for $10,704,247.  The City will only be paid
interest on account of its secured claim pending payment in full
of Prudential's claim.  The City will retain its liens on the
Debtors' property.

In her Nov. 14, 2011 Memorandum, Bankruptcy Judge Joan N. Feeney
held that the Plan satisfies the applicable confirmation
requirements including those contested by the sole objecting
party, Prudential.  The Court also held that the assignment of
voting rights by the City to Prudential is not enforceable, the
City's vote accepting the Plan was valid, and Prudential cannot be
permitted to reject the Plan on behalf of the City.  Moreover,
because three other impaired classes voted to accept the Plan, the
voting dispute between Prudential and the City is irrelevant.

The Court also ruled that Prudential's argument that the City is
receiving amounts contrary to the Intercreditor Agreement is
without merit.  As the City correctly points out, its interest in
the City Account with a balance of approximately $4 million is not
subject to Prudential's liens, and it is only receiving interest
payments from that account until Prudential is paid in full.

The Court said the Debtors' proposed treatment of Prudential's
allowed secured claim over its objection meets the requirements
for a cramdown under 11 U.S.C. Sec. 1129(b)(2)(A). Prudential will
retain its lien and receive payments with interest at an
appropriate rate from the sale of the condominiums, a lien it will
retain until its claim its allowed secured claim is paid in full.
The Debtors intend to satisfy Prudential's lien in a relatively
short period of time, rapidly amortizing the loan no later than
March 31, 2014. The Debtors' treatment of Prudential's secured
claim is fair and equitable and does not unfairly discriminate.
Moreover, the Plan provides Prudential with the indubitable
equivalent of its claim and the treatment complies with the
requirements of 11 U.S.C. Sec. 1129(b)(2)(A)(i) and (iii).

                     About SW Boston Hotel

Boston, Massachusetts-based SW Boston Hotel Venture LLC is the
developer 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.


SYNERGEX SOLUTIONS: Parent Names Schwartz Levitsky as Trustee
-------------------------------------------------------------
Synergex Corporation has appointed Schwartz Levitsky Feldman LLP
as trustee in bankruptcy on Dec. 27, 2011 over Synergex Solutions
Inc. and Ditan/Synergex Canada Inc., in order to effect an orderly
liquidation of the assets, property and operations of the Assigned
Subsidiaries.  In light of the foregoing, the directors and
officers of Assigned Subsidiaries have resigned.

Synergex Corp. provides supply chain management services in 6
countries across the Americas, specializing in logistics services,
distribution, localization, packaging and marketing of digital
entertainment products.  Headquartered in Mississauga, Ontario,
with operations across North, Central and South America, Synergex
serves a broad base of customers that includes a number of
multinational enterprises.  Synergex is listed on the Toronto
Stock Exchange and trades under the symbol SYX.


TEC COLOR: Case Summary & 10 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: TEC Color Lab, Inc.
        7 Calle Guayama
        Urb. Perez Morris
        San Juan, PR 00918

Bankruptcy Case No.: 11-11214

Chapter 11 Petition Date: December 30, 2011

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

Debtor's Counsel: Carlos Rodriquez Quesada, Esq.
                  LAW OFFICE OF CARLOS RODRIGUEZ QUES
                  P.O. Box 9023115
                  San Juan, PR 00902-3115
                  Tel: (787) 724-2867
                  E-mail: cerqlaw@coqui.net

Estimated Assets: $0 to $50,000

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

A list of the Company's 10 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/prb11-11214.pdf

The petition was signed by Arles Pages Valls, president.


TIMMINCO LIMITED: Commences Proceedings Under CCAA
--------------------------------------------------
Timminco Limited disclosed that, after consideration of the
available alternatives, its Board of Directors has determined that
it is in the best interests of the stakeholders of Timminco and
its wholly-owned subsidiary, Becancour Silicon Inc. for the
Company to commence proceedings under the Companies' Creditors
Arrangement Act.

The Company's liquidity position has deteriorated as a result of
various factors, including reduced cash flows from silicon metal
operations, solar market developments that have adversely impacted
the timing of a restart of commercial scale production of Timminco
Solar, restricted availability of funding under existing credit
facilities, and inability to secure additional sources of
financing.

Accordingly, the Company today applied for and obtained an order
from the Ontario Superior Court of Justice under the CCAA.  The
Court has granted CCAA protection for an initial period of 30
days, expiring on Feb. 2, 2012.  While under CCAA protection,
creditors and others are stayed from enforcing any rights against
the Company.

The Company will remain in possession and control of their current
and future assets, undertaking and properties, and the proceeds
thereof.  The Company's operations will continue uninterrupted
during the CCAA proceeding and obligations to employees and
suppliers of goods and services provided after the filing date
will continue to be met thereafter.

Quebec Silicon Limited Partnership, which is a production
partnership that produces silicon metal for Becancour Silicon and
Dow Corning, has not applied for creditor protection under CCAA
and is not part of these proceedings.

Pursuant to the Initial Order, FTI Consulting Canada Inc. has been
appointed as monitor in the CCAA proceedings.

Timminco produces silicon metal for the chemical (silicones),
aluminum and electronics/solar industries, through its 51%-owned
production partnership with Dow Corning, known as Quebec Silicon.
Timminco is also a producer of solar grade silicon, using its
proprietary technology for purifying silicon metal, for the solar
photovoltaic energy industry, through Timminco Solar, a division
of its wholly owned subsidiary Becancour Silicon.


TRANSWEST RESORT: Two Westin Resorts Win Plan Confirmation
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the Westin La Paloma Resort and Country Club in
Tucson, Arizona, and the Westin Hilton Head Island Resort and Spa
on Hilton Head Island, South Carolina, confirmed a Chapter 11
reorganization plan last week that gives a fund managed by
Southwest Value Partners ownership in exchange for a $30 million
capital investment.

According to the report, the resorts and the secured lender agreed
that the property, not including cash, is worth $95.3 million. The
claim was more than $247 million.  The secured lender will be paid
interest only for three years in a new $95.3 million secured debt.
Principal payments will kick in after the third year on a 30-year
amortization schedule. The loan will mature in 10 years.  The
mezzanine lender will receive $250,000, plus an opportunity to
participate in profitable operations.  Unsecured trade suppliers
will be paid 40% of their claims over four years. Other unsecured
creditors will split up $2 million, plus the chance to receive a
portion of future profits.

                      About Transwest Resort

Tucson, Arizona-based Transwest Resort Properties, Inc.,
indirectly owns an interest in two companies, Transwest Tucson
Property, L.L.C., and Transwest Hilton Head Property, L.L.C.
These two companies each own and manage a resort hotel: the Westin
La Paloma Resort and Country Club in Tucson, Arizona (the "La
Paloma Resort" or "La Paloma"), which is owned and managed by
Transwest Tucson Property, L.L.C., and the Westin Hilton Head
Island Resort and Spa on Hilton Head Island in South Carolina (the
"Hilton Head Resort," and collectively with La Paloma, the
"Resorts"), which is owned and managed by Transwest Hilton Head
Property, L.L.C.

TRP, Transwest Tucson Property, and Transwest Hilton Head property
are affiliates of Transwest Partners, a real estate development
and investment firm which has been active in the hospitality
sector in Southern Arizona and Sonora, Mexico.

Transwest Tucson Property is a wholly owned subsidiary of
Transwest Tucson II, L.L.C.  Transwest Hilton Head Property is a
wholly owed subsidiaryof Transwest Hilton Head II, L.L.C.

TRP filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz.
Case No. 10-37134) on Nov. 17, 2010.  Kasey C. Nye, Esq., Susan g.
Boswell, Esq., and Elizabeth S. Fella, Esq., at Quarles & Brady
LLP, in Tucson, Ariz., assist the Debtor in its restructuring
effort.  The Debtor estimated its assets at up to $50,000 and
debts at $10 million to $50 million.

Affiliates Transwest Hilton Head Property, L.L.C. (Bankr. D. Ariz.
Case No. 10-37170), Transwest Tucson Property, L.L.C. (Bankr. D.
Ariz. Case No. 10-37160), Transwest Tucson II, L.L.C. (Bankr. D.
Ariz. Case No. 10-37151), and Transwest Hilton Head II, L.L.C.
(Bankr. D. Ariz. Case No. 10-37145) filed separate Chapter 11
petitions on Nov. 17, 2010.  BeachFleischman PC serves as tax
preparer and advisor, accountant and auditor.  Hundley & Company,
LLC, serves as financial restructuring and interest rate experts,
and Hospitality Real Estate Counselors as valuation consultant and
expert.  Transwest Hilton Head Property estimated assets at
$10 million to $50 million and debts at $100 million to
$500 million.  Transwest Tucson Property estimated assets at
$50 million to $100 million and debts at $100 million to
$500 million.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors on Dec. 15, 2010.


TRIDENT MICROSYSTEMS: Files Ch. 11; Entropic Bids $55MM for Unit
----------------------------------------------------------------
Trident Microsystems, Inc. and its Cayman subsidiary, Trident
Microsystems (Far East) Ltd. filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 12-10069) on Jan. 4,
2011.

Trident says that after the Chapter 11 filing, it will shortly
file for protection in the Cayman Islands.

As part of the filing, Trident is seeking Court approval of bid
procedures for the sale of its set-top box (STB) system on a chip
(SoC) business to Entropic Communications, Inc.

The sale of the Set-Top-Box business to Entropic will be subject
to a bidding process and approval by the Bankruptcy Court and the
Cayman court, and the sale is expected to close in late February,
2012.

"Trident, like many of its competitors, has been undergoing rapid
changes which have hindered its ability to operate profitably,"
stated Dr. Bami Bastani, chief executive officer of Trident.

"A combination of increased pricing pressures in our industry,
lower demand in consumer electronics, and slower than anticipated
new product adoption has contributed to increased operating
losses, a deterioration in liquidity and an erosion in equity
values for Trident."

Trident recently announced that it was exploring a number of
strategic alternatives.  In September, the Company's board
approved a workforce reduction plan, designed to take the number
of employees down to 1,000, from 1,275.  But the Company continues
to suffer declining revenue and losses, prompting it to file for
Chapter 11.

FTI Consulting, Inc., is the financial advisor.  Kurtzman Carson
Consultants is the claims and notice agent.

                       ICs for Set-Top Boxes

Sunnyvale, California-based Trident currently designs, develops,
and markets integrated circuits and related software for
processing, displaying, and transmitting high quality audio,
graphics, and images in home consumer electronics applications
such as digital TVs, PC-TV, and analog TVs, and set-top boxes.

The Company has research and development facilities in Beijing and
Shanghai, China; Freiburg, Germany; Eindhoven and Nijmegen, The
Netherlands; Belfast, United Kingdom; Bangalore and Hyderabad,
India; Austin, Texas; and Sunnyvale, California. The Company has
sales offices in Seoul, South Korea; Tokyo, Japan; Hong Kong and
Shenzhen, China; Taipei, Taiwan; San Diego, California; Mumbai,
India; and Suresnes, France. The Company also has operations
facilities in Taipei and Kaoshiung, Taiwan; and Hong Kong, China.

Trident estimated debts and assets of as much as $500 million each
in its Chapter 11 petition.

Trident does not currently have any secured debt or outstanding
bonds.  The Debtors do, however, have a significant amount of
unsecured debt.  As of the Petition Date, the Debtors estimate
they have outstanding unsecured obligations of $215,296,850.

Among the largest unsecured creditors listed in court papers was
Cisco Systems Inc., of San Jose, California, owed $4.34 million in
trade debt.

                         Business as Usual

Trident intends to continue to operate all of its business lines
in the ordinary course and has ample liquidity to do so, while it
completes the bankruptcy approval process regarding the sale of
its Set-Top-Box business to Entropic and explores strategic
alternatives for its remaining business units.

During the interim, Trident expects that Chapter 11 protection
will enable the Company to conduct its business operations in the
ordinary course.  To that end, the Company is seeking approval
from the court for a variety of First Day and other initial
motions, including requests to make wage and benefit payments to
employees and continuation of the Company's global cash management
system.

None of Trident's other operating subsidiaries are subject to the
Chapter 11 proceedings, and they will continue to operate in the
ordinary course of their businesses.

                $55-Mil. Offer for Set-Top Box Biz

David Teichmann, executive vice president and general counsel for
Trident, said in court papers that prior to the chapter 11 filing,
the Debtors undertook a marketing effort to identify a potential
purchaser of their set-top box business line.

The Debtors have selected Entropic as "stalking horse" bidder to
purchase Trident's set-top box business.  The $55 million cash
offer by Entropic is subject to higher and better offers at a
bankruptcy court-sanctioned auction.

In making the bid, Entropic has relied on promises by the Debtors
to seek the Bankruptcy Court's approval of reimbursement of its
reasonable expenses, with such amount to be provided to all
bidders by no later than Feb. 8, 2012, and a break-up fee of
$1,650,000.

The Debtors say the break-up fee is a necessary inducement for
Entropic to establish a "floor" for the sale of the assets and
will encourage competitive bidding.

The Debtors will also consider and entertain bids for a larger
transaction, including a sale of substantially all of their
assets.

The Debtors believe that a rapid sale of the set-top box business
will allow them to immediately stop the drain on cash balances and
afford them an opportunity to determine which, if any, of the
Debtors' other business lines should be marketed for sale and take
such other steps necessary to reorganize their remaining
operations into a profitable and sustainable business.

"The acquisition of Trident Microsystems' set-top box business
provides an important strategic opportunity for Entropic by
enabling us to combine our best-in-class MoCA solutions, including
MoCA2, with Trident's system on a chip (SoC) business to deliver a
complete system solution to the world's premier cable, telco and
satellite service providers, while expanding our total addressable
market over the next several years," said Patrick Henry, president
and CEO, Entropic.

Entropic intends to invest in service and support for the existing
Trident STB customer base, as well as advance Trident's STB
product line by continuing to invest in its development --
leveraging mutual strengths of both companies' technologies to
provide customers with next generation, integrated Multimedia over
Coax (MoCA(R)) based chip-set solutions.

The assets to be acquired under the agreement include Trident's
specific STB products, patents and other intellectual property,
certain tangible assets and inventory.

Entropic would plan to hire approximately 385 Trident employees
located primarily in China, India, the United Kingdom, Taiwan,
Korea and the United States.  Entropic would also acquire
facilities in Austin, Texas, Belfast, Northern Ireland and
Hyderabad, India and would use portions of Trident's facilities in
China, Taiwan and Korea under a facilities use agreement while
Entropic assesses its facilities requirements.

Aside from cash payment, the buyer will assume specified
liabilities upon the closing of the transaction, subject to
adjustment for closing working capital balances and other matters,
as set forth in the asset purchase agreement.

The Debtors have filed the proposed asset purchase agreement with
Entropic with the Bankruptcy Court.

Entropic expects that hearings before those courts to approve
bidding procedures, break-up fees and expense reimbursement will
be held within the next two weeks, followed by an auction, with
hearings for approval of the ultimate sale to be held thereafter.

Consummation of the transaction, which is expected to occur in the
first quarter of 2012, remains subject to higher or otherwise
better offers, approval by the Bankruptcy Court and customary
closing conditions.

Entropic Communications, Inc. -- http://www.entropic.com/ -- is a
provider of silicon and software solutions to enable connected
home entertainment, by providing next-generation silicon and
software technologies to the world's leading cable, telco and
satellite service providers, OEMs and consumer electronics
manufacturers.

                   License Agreement With RDA

Trident also announced that it has entered into a license
agreement with RDA Technologies, Ltd., pursuant to which it
granted a non-exclusive license to its SX-5 SOC product for the
television market.  Under the license agreement, Trident has
received an upfront fee of US$7.5 million and expects to receive
an additional $8.5 million in the near term.  As a result of cost
cutting efforts, the RDA license agreement, and the receipt of
funds from the sale of its facility in China, the Company believes
its cash balance as of Dec. 31, 2011, provides adequate liquidity
to continue to meet customer and vendor requirements while the
marketing efforts for its key assets continues.


TRIDENT MICROSYSTEMS: Case Summary & 20 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Trident Microsystems, Inc.
        1170 Kifer Road
        Sunnyvale, CA 94086

Bankruptcy Case No.: 12-10069

Debtor-affiliate that filed separate Chapter 11 petition:

     Debtor                                   Case No.
     ------                                   --------
     Trident Microsystems (Far East) Ltd.     12-10070

Type of Business: Trident Microsystems, Inc., designs, develops
                  and markets integrated circuits for digital
                  media applications, such as digital television,
                  liquid crystal display, television and digital
                  set-top boxes.

                  Web site: http://www.tridentmicro.com/

Chapter 11 Petition Date: Jan. 4, 2012

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

Judge: Hon. Christopher S. Sontchi

Debtors'
Counsel:     Richard A. Chesley, Esq.
             Kimberly D. Newmarch, Esq.
             Chun I. Jang, Esq.
             DLA PIPER LLP (US)
             203 North LaSalle Street,
             Suite 1900
             Chicago, IL 60601
             Tel: (312) 368-4000
             Fax: (312) 236-7516
             E-mail: richard.chesley@dlapiper.com
                     kim.newmarch@dlapiper.com
                     chun.jang@dlapiper.com

                     - and -

             Stuart M. Brown, Esq.
             Cynthia Moh, Esq.
             DLA PIPER LLP (US)
             919 North Market Street
             Suite 1500
             Wilmington, DE 19801
             Tel: (302) 468-5700
             Fax: (302) 394-2341
             E-mail: stuart.brown@dlapiper.com
                     cynthia.moh@dlapiper.com

Debtors'
Financial
Advisors:    FTI CONSULTING INC.
Debtors'
Claims and
Noticing
Agent:       KURTZMAN CARSON CONSULTANTS LLC

Estimated Assets: $309,992,980 as of Oct. 31, 2011

Estimated Debts:  $39,607,591 as of Oct. 31, 2011

The petition was signed by David L. Teichmann, executive VP,
general counsel & corporate secretary.

Trident Microsystems, Inc.'s List of Its 20 Largest Unsecured
Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
NXP B.V.                           Trade Debt           $541,000
High Tech Campus 60
5656 AG Eindhoven
The Netherlands

PricewaterhouseCoopers LLP         Advisory Services    $395,700
PO Box 514038
Los Angelas, CA 90051-4038

KILOPASS                           Trade Debt           $174,000

Fenwick & West LLP                 Legal Services       $162,304

Deloitte & Touche                  Advisory Services     $54,085

Merrill Communications LLC         Document Services     $33,204

Skillsoft Corporation              Trade Debt            $29,915

Global Tax Network                 Advisory Services     $28,395

Wright Express Fin. Svc.           Trade Debt            $25,650
Corp.

E*Trade Financial                  Financial Services    $25,600

Nagravision                        Trade Debt            $24,000

Feinberg Day Alberti &             Legal Services        $20,828
Thompson LLP

True Partners Consulting           Advisory Services     $16,446

Beth Peterson Ent., Inc.           Advisory Services     $15,125

AON Consulting/Radford             Advisory Services     $13,840
Surveys

Plus Relocation                    Trade Debt            $10,911

DVB Project Office                 Trade Debt            $10,712

Poriscon, Inc.                     Advisory Services      $8,250

Law Offices Fennemore              Legal Services         $6,755
Craig

Clearpath Workforce                Trade Debt             $4,859
Management


UNITED AIRLINES: Teamster Mechanics Approve Agreement
-----------------------------------------------------
Teamster aircraft mechanics and related workers at United Airlines
Inc. overwhelmingly ratified a contract that provides for
significant wage increases, maintenance of health care benefits
and enhanced job security protections, the Teamsters Union
announced today.

The Teamster contract covers about 5,500 aircraft mechanics and
related employees throughout the United States.

"This marks a historic day for Teamster United mechanics," said
Teamsters General President Jim Hoffa.  "They stood united for a
better future and for big improvements at United. They should feel
proud of what they've accomplished."

"My congratulations go out to the negotiating committee for their
dedication and perseverance in negotiating a strong Teamster
contract.  These hardworking Teamster mechanics and related
workers deserve all the improvements negotiated in this
agreement," said Teamsters Airline Division Director Capt. David
Bourne.

Passage of the agreement is a major step toward achieving the
ultimate goal of a single combined contract for the 9,000 Teamster
mechanics at a merged United Airlines and Continental Airlines.

"Passage of this agreement was a real breakthrough and a major
step toward achieving the ultimate goal of a single combined
contract for the 9,000 mechanics at the new airline," said Roger
Apana, a mechanic from Honolulu and a member of the negotiating
committee.  "It feels good that we were able to achieve a $11,500
signing bonus along with restoring many of the items that were
conceded in bankruptcy and securing the best job protections we've
had in our 70-year history."

Founded in 1903, the Teamsters Union represents more than 1.4
million hardworking men and women in the United States, Canada and
Puerto Rico.

                        About UAL Corp.

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest air
carrier.  The airline flies to Brazil, Korea and Germany.

The company filed for Chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors before the Committee was
dissolved when the Debtors emerged from bankruptcy.

Judge Eugene R. Wedoff confirmed the Debtors' Second Amended Plan
on Jan. 20, 2006.  The company emerged from bankruptcy protection
on Feb. 1, 2006.  (United Airlines Bankruptcy News; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)

UAL Corp. carries a 'Caa1' probability of default rating from
Moody's, 'B-' long term foreign issuer credit rating from Standard
& Poor's, and 'CCC' long term issuer default rating from Fitch.


VIRGIN OFFSHORE: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Virgin Offshore USA, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of Louisiana its schedules of assets and
liabilities, disclosing:

  Name of Schedule                     Assets         Liabilities
  ----------------                     -----------    -----------
A - Real Property                               $0
B - Personal Property                   $2,330,734
C - Property Claimed as Exempt
D - Creditors Holding Secured
    Claims                                             $1,587,792
E - Creditors Holding Unsecured
    Priority Claims                                       $89,034
F - Creditors Holding Unsecured
    Nonpriority Claims                                $11,396,996
                                       -----------    -----------
         TOTAL                          $2,330,734    $13,046,823

A copy of the Schedules is available for free at:

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

                     About Virgin Offshore

Virgin Offshore USA, Inc., based in New Orleans, Louisiana,
produces oil and gas.  Creditors Dynamic Energy Services LLC,
Precision Drilling Company, LP, and Tanner Services LLC, owed
$1,895,824 in the aggregate, commenced an involuntary Chapter 11
bankruptcy proceeding against Virgin Offshore USA (Bankr. E.D. La.
Case No. 11-13028) on Sept. 16, 2011. The petitioning creditors
are represented by Michael A. Crawford, Esq., at Taylor Porter
Brooks & Phillips LLP, H. Kent Aguillard, Esq., at Young, Hoychick
and Aguillard; and Jacque B. Pucheu, Jr., Esq., at Pucheu, Pucheu
& Robinson, LLP.

The order for relief was entered on Oct. 12, 2011.

An affiliate of Virgin Offshore USA, Virgin Oil Company Inc.,
filed a Chapter 11 petition (Bankr. E.D. La. Case No. 09-11899) on
June 25, 2009.

The involuntary Chapter 11 bankruptcy petition against Virgin
Offshore USA, Inc., has been transferred to Judge Elizabeth W.
Magner.  The case was first given to Judge Jerry A. Brown.


WALDOCH BUILDERS: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Waldoch Builders, Inc.
        8509 Little Scenic Lane
        Tallahassee, FL 32309
        Tel: (850) 212-5028

Bankruptcy Case No.: 11-41019

Chapter 11 Petition Date: December 30, 2011

Court: U.S. Bankruptcy Court
       Northern District of Florida (Tallahassee)

Debtor's Counsel: Michael P. Brundage, Esq.
                  HILL, WARD & HENDERSON, P.A.
                  P.O. Box 2231
                  Tampa, FL 33601
                  Tel: (813) 221-3900
                  Fax: (813) 221-2900
                  E-mail: mbrundage@hwhlaw.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 Stephen L. Waldoch, president.


WASHINGTON LOOP: Court Denies Chapter 11 Trustee to Incur DIP Loan
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida
denied Washington Loop, LLC's motion to obtain postpetition
financing.

As reported in the Troubled Company Reporter on Oct. 31, 2011,
Louis X. Amato, Chapter 11 trustee in the Debtor's case asked the
Court for authorization to obtain postpetition financing (which
would afford the DIP lender a priming lien and superpriority
administrative expense claim) on an interim basis only to the
extent necessary to meet the Debtor's short-term funding needs.

The trustee related that it has requested that the Court correct
the amended interim order on motion to obtain postpetition
financing to reflect that the relief requested in the DIP Finance
motion is only denied as to the ore tenus amended request to
obtain DIP financing to fund the Debtor's short-term Interim
Budget cash needs, and making clear that the DIP Finance Motion
(wherein the Debtor has ultimately requested the approval of up to
$3.5 million in postpetition financing on a priming lien or
superpriority basis) otherwise remains viable.

The trustee related that the Debtor's members agreed to fund the
Debtor's Interim Budget cash needs through a capital call.

Previously, the Hon. Jeffery P. Hopkins approved the motion, as
amended ore tenus, authorizing the Robinson Estate to meet the
Debtor's interim cash needs through the advance of a capital
contribution in the amount of $308,394 approved contingent on the
condition subsequent of this Court's approval of the capital
structure.

As an alternative to the capital contribution, the Debtor can make
a capital call in accordance with the Debtor's amended operating
agreement, as it may have been amended, subject to the
determinations of the ownership interests reflected in the Equity
Summary.

                      About Washington Loop

Punta Gorda, Florida-based Washington Loop, LLC, operates an
aggregate mine in Charlotte County, Florida.  The Company owns two
parcels of real property and improvements -- the Loop Property and
the Mirror Lakes Property -- which, together, comprise roughly 474
adjoining acres in Punta Gorda, Charlotte County.  The Company
filed for Chapter 11 bankruptcy protection on March 31, 2011
(Bankr. M.D. Fla. Case No. 11-06053).  Judge Jeffery P. Hopkins
presides over the case. Steven M. Berman, Esq., and Hugo S.
deBeaubien, Esq., at Shumaker, Loop & Kendrick, LLP, in Tampa,
Fla., represent the Debtor as counsel.  The Debtor disclosed
$45,098,259 in assets and $19,703,694 in liabilities as of the
Chapter 11 filing.

The Debtor was dismissed from a prior Chapter 11 case (Case No.
10-27981) by order of the Court entered on March 17, 2011.  In the
prior Chapter 11 case, the Debtor's Schedule F, as filed under
penalty of perjury, listed some 34 general unsecured creditors
totaling claims of $1,953,354.  All Schedule F debts were listed
as non-contingent, liquidated, and undisputed.

The Debtor now declares that all Schedule F debts are
unliquidated.  These schedules were filed no less than two weeks
after the dismissal of the prior Chapter 11 case, and only six
weeks after the Debtor filed its Schedule F in that case.

Don Walton, the United States Trustee for Region 21, and Charles
A. Robinson Living Trust, creditor and interest holder against
Washington Loop, filed separate requests to convert the Debtor's
2011 Chapter 11 reorganization case to Chapter 7 liquidation.

Washington Loop filed with the Court a Chapter 11 plan and an
explanatory disclosure statement on Aug. 18, 2011.  The Troubled
Company Reporter published a summary of the Plan in its Sept. 6,
2011 edition.  The Plan is a reorganization plan accomplished
through the continuation of the Debtor's primary business: the
mining of the 750-acre property in Punta Gorda, Florida.  The
Debtor seeks to accomplish payment under the Plan primarily from
the proceeds of the sale of mining materials and or the refinance
of the Washington Loop Property.

The Plan proposes to pay secured creditors -- ROBBIE, Mirror Lakes
V, Mike Treworgy and Wells Fargo Equip Finance -- the present
value of their claim at a market interest rate over an 84-month
period through net income generated from the mining operation and
through a sale or refinance of the Washington Loop Property.  The
Effective Date of the proposed Plan is Dec. 15, 2011.  The first
payment due under the plan is Jan. 15, 2012.  Allowed Class 8
General Unsecured Claims will receive 100% of their allowed claim
on or before the 84th month following the Effective Date.

A full-text copy of the Disclosure Statement is available for free
at http://ResearchArchives.com/t/s?76c8

On Sept. 19, 2011, the Court appointed of Louis X. Amato as
Chapter 11 trustee, which is represented by Shumaker, Loop &
Kendrick, LLP.  The trustee tapped Rock Enterprises, Inc., as
engineering consultant, Joseph R. Schortz, C.P.A, PLLC, as
accountants, Douglas Wilson Companies as broker, and Lovina Lehr
as consultant.


WASHINGTON MUTUAL: Court Declares LTWs as Equity, Not Debt
----------------------------------------------------------
Nantahala Capital Partners LP, individually and on behalf of all
holders of Litigation Tracking Warrants, suffered a defeat Tuesday
after Bankruptcy Judge Mary F. Walrath declared that the Warrants
constitute equity -- not debt instruments -- and the LTW Holders
are not entitled to treatment as creditors under any plan of
reorganization filed by Washington Mutual, Inc.

Judge Walrath held that the documents issued in connection with
the LTWs lend support to WaMu's position that the LTWs were
intended to represent equity, not debt, interests.  The original
and Amended Warrant Agreements and the Registration Statements
plainly state that the LTWs are warrants representing the right to
purchase shares of common stock.  The Warrant Agreements also
confirm that proceeds from a 1994 litigation involving Anchor
Savings Bank, FSB, belonged to WaMu, not to the LTW Holders.
Thus, any settlement or judgment paid would go to the bank, not
the LTW Holders.  All of the Warrant Agreements and the
Prospectuses confirmed that the LTW Holders would be entitled to
exercise the warrant, and receive stock, only upon receipt of a
recovery by the bank and regulatory approval allowing the issuance
of the stock.

Judge Walrath also held that the Anchor Litigation itself is
property of the WaMu estate and may be conveyed by WaMu to
JPMorgan Chase Bank, N.A., as part of the global settlement
agreement pursuant to 11 U.S.C. Sec. 363.

On July 6, 1994, Anchor and Dime Bancorp Inc. entered into an
agreement to merge.  In early 1995, Anchor commenced a lawsuit
against the federal government alleging breach of contract and
taking of property without compensation as a result of the
statutory change in treatment of supervisory goodwill that Anchor
had previously realized when it acquired certain failing savings
and loan associations.  As a result of the merger with Anchor,
Dime became entitled to the proceeds, if any, from the Anchor
Litigation.

In early 2000, Dime became the subject of a hostile takeover
attempt by North Fork Bank.  In an effort to remain independent,
the Dime board of directors obtained an investment from Warburg
Pincus for approximately 20% of its equity.  Because that equity
infusion did not give sufficient value to the Anchor Litigation,
and to provide value to shareholders, the Dime board decided to
issue certificates to its existing shareholders representing the
value of the Anchor Litigation.  On Dec. 22, 2000, Dime issued the
LTWs to its shareholders pursuant to a Warrant Agreement and
Registration Statement.

On June 25, 2001, Dime entered into an agreement to merge with
WaMu. The LTW Warrant Agreement was modified in Amended and
Restated Warrant Agreements dated Jan. 7, 2002, and March 11,
2003, between WaMu and Mellon Bank, as warrant agent.  Pursuant to
the Amended Warrant Agreements, WaMu's bank unit was to prosecute
and control the Anchor Litigation and, upon receipt of any
recovery, the LTW Holders were entitled to receive common stock of
WaMu with a value representing 85% of the net recovery.

On July 17, 2008, the Court of Federal Claims entered judgment in
favor of the plaintiffs in the Anchor Litigation in the amount of
$356 million. Cross appeals were filed.  On March 10, 2010, the
Court of Appeals for the Federal Circuit affirmed the ruling of
the Court of Federal Claims in part and remanded for further
determination of damages, suggesting that the damages award be
increased by $63 million.  The Court of Federal Claims has not
ruled yet on the remand.

In the interim, on Sept 25, 2008, the Office of Thrift Supervision
seized WaMu Bank and appointed the Federal Deposit Insurance
Corporation as receiver.  Immediately after its appointment as
receiver, the FDIC sold substantially all of the assets of WaMu
Bank to JPMorgan for $1.8 billion and assumption of certain of
WaMu Bank's liabilities.  WaMu then filed for Chapter 11
bankruptcy.

On April 12, 2010, Broadbill Investment Corporation commenced the
adversary proceeding seeking a declaratory judgment relating to
the rights of the LTW Holders.  Broadbill has since withdrawn from
the suit.

WaMu has objected to claims filed by some of the LTW Holders
asserting they were really equity interests not claims or should
be subordinated pursuant to 11 U.S.C. Section 510(b).  The Court
approved a stipulation certifying the adversary as a class action
on behalf of all LTW Holders.

The LTW Holders argue that under the terms of the Warrant
Agreement, their rights changed at the time of the Dime/WaMu
merger in 2001.  As part of the merger, Dime shareholders were
entitled to elect to receive their pro rata share of the $1.4
billion in cash and 92.3 million shares of WaMu common stock paid
for Dime.  As a result of the merger consideration paid to the
Dime shareholders, the LTW Holders contend that under section 4.2
of the Warrant Agreement, the LTW Holders are entitled to the same
treatment.

The case is NANTAHALA CAPITAL PARTNERS, LP et al., v. WASHINGTON
MUTUAL, INC., Adv. Proc. No. 10-50911 (Bankr. D. Del.).  A copy of
Judge Walrath's Jan. 3, 2012 Opinion is available at
http://is.gd/UpRwe9from Leagle.com.

                      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.

WaMu filed a Modified Sixth Amended Joint Plan and a related
Supplemental Disclosure Statement, which it believes would address
the Bankruptcy Court's concerns.

On Sept. 13, 2011, Judge Walrath denied confirmation of WaMu's
Modified Sixth Amended Plan and granted equity committee standing
to prosecute claims for equitable disallowance but stayed the
ruling pending mediation.

WaMu filed a Seventh Amended Plan in December 2011 to carry out a
global settlement intended to remove nearly all opposition to the
reorganization.

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 WaMu 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.


WAZOO SPORTS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Wazoo Sports, Inc.
          aka Wazoo Sports
              WazooSports.com
              Wazoo Sports Network
        P.O. Box 3289
        London, KY 40743

Bankruptcy Case No.: 11-61739

Chapter 11 Petition Date: December 29, 2011

Court: U.S. Bankruptcy Court
       Eastern District of Kentucky (London)

Judge: Joseph M. Scott, Jr.

Debtor's Counsel: T. Kent Barber, Esq.
                  DELCOTTO LAW GROUP PLLC
                  200 North Upper Street
                  Lexington, KY 40507
                  Tel: (859) 231-5800
                  E-mail: kbarber@dlgfirm.com

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

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

The Company?s list of its 20 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/kyeb11-61739.pdf

The petition was signed by Carlos Carpenter, president.


WOOD-MCCASLIN, INC.: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Wood-McCaslin, Inc.
        10645 N. Tatum Boulevard, #200-681
        Phoenix, AZ 85028

Bankruptcy Case No.: 11-35039

Chapter 11 Petition Date: December 30, 2011

Court: U.S. Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Randolph J. Haines

Debtor's Counsel: Richard William Hundley, Esq.
                  BERENS, KOZUB & KLOBERDANZ, PLC
                  7047 E. Greenway Parkway, #140
                  Scottsdale, AZ 85254
                  Tel: (480) 624-2777
                  Fax: (480) 607-2215
                  E-mail: rhundley@bkl-az.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 Stacy Polich, president & CEO.


* Bankruptcies of All Types Decline by 11.7% in 2011
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that bankruptcy filings of all types last year totaled
1.38 million, 11.7% fewer than 2010. December, with 92,300, had
the fewest bankruptcies since January 2009.

According to the report, December's bankruptcies were down 12.1%
from the same month a year earlier and 7% below November 2011,
according to data compiled from court records by Epiq Systems Inc.

There were 74,000 business filings in 2011, 19.5% fewer than in
2010.  December by itself, with 5,500 business failures, was 17.6%
under December 2010.

Chapter 11 cases, where larger businesses file to reorganize or
sell assets, totaled 11,400 in 2011, or 16.6% fewer than 2010.
Publicly held companies seeking resort to Chapter 11 totaled 82 in
2011, down 23% from the prior year.

Last year, filings declined in every state except Utah, where
bankruptcies increased only 1%. Per capita, the most filings last
year were in Nevada, even though that state's bankruptcies
declined 19% from the year before. Behind Nevada, the states with
most frequent bankruptcies were Georgia, Tennessee and Utah.

The 1.38 million bankruptcies in 2011 compare with 1.56 million
for 2010, which was the most since 2005, when the all-time record
was set at 2.1 million.  Americans in 2005 were filing bankruptcy
in advance of new laws making it more difficult for individuals to
cancel debt. In the two weeks before the law changed, 630,000
American sought bankruptcy protection.


* Credit-Default Swaps in U.S. Climb From About Two-Month Low
-------------------------------------------------------------
Mary Childs at Bloomberg News reports that a benchmark gauge of
U.S. company credit risk climbed from about a two-month low on
concern Europe's sovereign-debt crisis is harming the region's
banks.  The Markit CDX North America Investment Grade Index of
credit-default swaps, which investors use to hedge against losses
on corporate debt or to speculate on creditworthiness, added 0.6
basis point to a mid-price of 118.6 basis points at 5:19 p.m. on
Jan. 4 in New York, according to Markit Group Ltd.  Credit-default
swaps on Eastman Kodak Co. jumped to a record after a report that
the imaging company may be preparing for a bankruptcy filing.


* Higher Rates in Offering for Commercial Real-Estate Owners
------------------------------------------------------------
Dow Jones' Daily Bankruptcy Review reports that interest rates are
at the lowest levels in decades, but commercial property owners
looking to refinance shouldn't expect to lock in those rates any
longer.


* Distressed Investor Resilience to Hit $200M Target for Fund
-------------------------------------------------------------
Dow Jones' Daily Bankruptcy Review reports that Resilience Capital
Partners expects to slightly surpass the $200 million target for
its first institutional vehicle, Resilience Fund III LP, before
the end of the year, according to a person familiar with the
matter, and will remain in the market next year, aiming to hit the
$250 million hard cap.


* Harbinger's Philip Falcone Rejects Settlement Offer From SEC
--------------------------------------------------------------
Dow Jones' Daily Bankruptcy Review reports that prominent hedge-
fund manager Philip Falcone has rejected a Securities and Exchange
Commission settlement offer that would have banned him from the
securities industry and essentially ended his career, people
familiar with the matter said.


* Oaktree Capital to Hold First Close on New Global Fund in 2012
---------------------------------------------------------------
Dow Jones' Daily Bankruptcy Review reports that Oaktree Capital
Management, on the heels of wrapping up a new European fund, is
expected to hold a first close on its latest global vehicle in the
first quarter of 2012, said a person familiar with the effort.


* Muni Bonds Paid Handsomely in 2011 Despite Dire Predictions
-------------------------------------------------------------
Dow Jones' Daily Bankruptcy Review reports that municipal bonds
wound up being a contrarian bet that paid off big in 2011.


* Berger Singerman Names Douglas Bates & Etan Mark Partners
-----------------------------------------------------------
The Florida business law firm Berger Singerman disclosed that it
has named Douglas A. Bates and Etan Mark partners.

Mr. Bates, who practices out of the firm's Tallahassee office, has
experience representing chapter 11 debtors in the airline, marina,
manufacturing and homebuilder industries.  In addition, Mr. Bates
has experience representing creditors' committees, trustees,
purchasers of assets in Sec. 363 sales, real estate owners and
developers in out of court workouts, and secured creditors in all
aspects of chapter 11 and chapter 7 bankruptcy cases.

He is Chair of the Bankruptcy/UCC Committee of the Business Law
Section of The Florida Bar and a member of the Pro-Bono Committee
of both the Business Law Section and the Bankruptcy Bar
Association of the Southern District of Florida.  Mr. Bates
received his undergraduate degree, summa cum laude, from
Birmingham Southern College and his J.D., cum laude, from the
University of Florida Levin College of Law.

Mr. Mark, who practices out of the firm's Miami office, focuses
his practice on a variety of civil and quasi-criminal matters.  He
has also litigated and resolved cases brought under the
Racketeering Influenced Corrupt Organizations Act (RICO), assisted
in the management of internal corporate investigations, and
represented clients facing allegations of insurance fraud and
mortgage fraud.

A Certified Fraud Examiner, Mark is a member of the 11th Judicial
Circuit Grievance Committee of the Florida Bar and is on the Board
of Trustees of History Miami and Temple Beth Sholom.  He received
his undergraduate degree from the University of Michigan and his
J.D., with honors, from the George Washington University School of
Law.

"Doug and Etan are talented attorneys that have brought different
dimensions to the firm," said Paul Steven Singerman, co-CEO of the
firm.  "We are proud to call them colleagues, and now partners, at
Berger Singerman."


* Crowell & Moring Adds Two Broker-Dealer Partners
--------------------------------------------------
Crowell & Moring LLP disclosed that experienced broker-dealer
attorneys Linda Lerner and Eden L. Rohrer have joined the firm's
New York office as members of the Corporate Group.  Lerner and
Rohrer bring more than 50 years of combined experience advising
domestic and international broker-dealers, banks, asset management
firms, and a variety of other alternative investment clients on a
broad range of regulatory, compliance, and dispute issues.  Lerner
joins from Debevoise & Plimpton LLP and Rohrer joins from Haynes
and Boone, LLP.

"Linda and Eden are tremendous assets to our New York Corporate
Group and expand our capabilities with a unique set of skills in
advising broker-dealers around the world," said James R. Stuart,
III, chair of the firm's Corporate Group.  "Their addition
exemplifies our firm's commitment to building our financial
institution's team as our clients navigate an increasingly complex
regulatory landscape."

Lerner focuses her practice on compliance and regulatory issues
under Securities and Exchange Commission (SEC), Financial Industry
Regulatory Authority (FINRA) and other self-regulatory
organizations that involve broker-dealer formation, operations and
reporting requirements, public and private sales of securities,
advertising and sales material, market making, Electronic
Communications Network and Alternative Trading Systems formation
and operation, municipal advisor registration, electronic trading,
self-regulatory organization membership applications, and market
structure issues.  She currently serves as a member of Nasdaq's
National Review Council and Market Operations Review Committee,
and as a member of the American Bar Association's Task Force on
Private Placement Broker Dealers, for which she drafted
regulations submitted to the SEC.  Lerner leads the Midtown
Regulatory Group, a resource and monthly discussion group
comprised of over 600 senior legal and compliance professionals
from brokerage firms throughout the U.S. She was general counsel
to Domestic Securities, Inc., a registered broker-dealer, for 11
years. Lerner holds a J.D., magna cum laude, from Brooklyn Law
School, an M.S. in Social Work from Columbia University, and a
B.A. from Brandeis University.

"The economic downturn and its root causes have resulted in
securities firms facing increased regulatory and risk management
requirements as well as litigation with decreased compliance and
legal resources.  Crowell & Moring is building its practice to
help a range of clients manage these challenges successfully,"
said Lerner.  "This is an entrepreneurial firm that is growing in
New York and offers our clients a wealth of knowledge and
international experience on which to draw."

Rohrer's experience has included advising broker-dealers in
investigations and enforcement proceedings with the SEC, FINRA,
and state and foreign regulatory authorities.  Her work involves a
wide range of issues including market manipulation, insider
trading, anti-money laundering rules, distribution of unregistered
securities, net capital requirements, market making, Rule 15c2-11,
Regulation M, sales practices, supervisory systems, private
placements in both privately held and publicly traded securities
(PIPEs) and special purpose acquisition companies (SPACs), credit
default swaps, and other securities. Rohrer also advises clients
on compliance issues, including the use of social media. Rohrer
obtained a J.D. from Brooklyn Law School and a B.A. from Colgate
University.

Crowell & Moring's Corporate Group has recently been ranked by
Chambers USA and other leading national and international
directories for its transactional and complex work.  In recent
years, the Group has been ranked among the top 16 law firms in the
United States for corporate transactions in the BTI Consulting
Group's "Masters of the Deal" report.  The firm's Financial
Services Group offers an extensive scope of services in a variety
of areas, including commercial lending, structured finance, real
estate finance, bankruptcy and creditors' rights, and financial
institutions litigation.

Crowell & Moring LLP -- http://www.crowell.com/-- is an
international law firm with nearly 500 lawyers representing
clients in litigation and arbitration, regulatory, and
transactional matters.  The firm is internationally recognized for
its representation of Fortune 500 companies in high-stakes
litigation, as well as its ongoing commitment to pro bono service
and diversity. The firm has offices in Washington, DC, New York,
Los Angeles, San Francisco, Orange County, Anchorage, London, and
Brussels.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In Re Mark Ciammitti
   Bankr. D. Ariz. Case No. 11-34303
      Chapter 11 Petition filed December 20, 2011

In Re Ramesh Akhtarzad
   Bankr. C.D. Calif. Case No. 11-61640
      Chapter 11 Petition filed December 20, 2011

In Re Bradley Scott
   Bankr. E.D. Calif. Case No. 11-63563
      Chapter 11 Petition filed December 20, 2011

In Re Domingo Jacinto
   Bankr. E.D. Calif. Case No. 11-49280
      Chapter 11 Petition filed December 20, 2011

In Re Jesse Ortiz
   Bankr. E.D. Calif. Case No. 11-49279
      Chapter 11 Petition filed December 20, 2011

In Re Lucia Martinez
   Bankr. S.D. Calif. Case No. 11-20354
      Chapter 11 Petition filed December 20, 2011

In Re Thomas DiVenere
   Bankr. M.D. Fla. Case No. 11-09122
      Chapter 11 Petition filed December 20, 2011

In Re She Sells, L.L.C.
   Bankr. E.D. La.  Case No. 11-14112
      Chapter 11 Petition filed December 20, 2011
         See http://bankrupt.com/misc/laeb11-14112.pdf
         represented by: Darryl T. Landwehr, Esq.
                         E-mail: dtlandwehr@aol.com

In Re The Fila Academy, Inc.
   Bankr. D. Md.  Case No. 11-34647
      Chapter 11 Petition filed December 20, 2011
         See http://bankrupt.com/misc/mdb11-34647.pdf
         represented by: J. Michael Broumas, Esq.
                         Broumas Law Group LLC
                         E-mail: mcauliffeassociates@hotmail.com

In Re Benedict Bommarito
   Bankr. E.D. Mich. Case No. 11-72075
      Chapter 11 Petition filed December 20, 2011

   In Re Domenic Bommarito
         Concetta Bommarito
      Bankr. E.D. Mich. Case No. 11-72076
         Chapter 11 Petition filed December 20, 2011


In Re Mango Properties Corp.
   Bankr. S.D.N.Y. Case No. 11-15818
      Chapter 11 Petition filed December 20, 2011
         See http://bankrupt.com/misc/nysb11-15818.pdf
         represented by: Joseph A. Altman, Esq.
                         Altman & Altman, Esqs.
                         E-mail: altmanesq@aol.com

In Re Jason Mcreynolds
   Bankr. M.D. Tenn. Case No. 11-12502
      Chapter 11 Petition filed December 20, 2011

In Re NLC Rehab And Wellness, Inc.
        dba New Life Chiropractic
   Bankr. E.D. Texas Case No. 11-43783
      Chapter 11 Petition filed December 20, 2011
         See http://bankrupt.com/misc/txeb11-43783.pdf
         represented by: Daniel C. Durand, III, Esq.
                         Durand & Associates, P.C.
                         E-mail: bankruptcy@durandlaw.com

In Re PSGameGear Sports Memorabilia, LLC
   Bankr. E.D. Va. Case No. 11-19022
      Chapter 11 Petition filed December 20, 2011
         See http://bankrupt.com/misc/vaeb11-19022.pdf
         represented by: Shannon McLaughlin Guignon, Esq.
                         E-mail: smguignon@gmail.com

In Re Vance Miller
   Bankr. W.D. Wis. Case No. 11-17571
      Chapter 11 Petition filed December 20, 2011

In Re Churchill, LLC
   Bankr. S.D. Ala.  Case No. 11-05165
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/alsb11-05165.pdf
         represented by: David Vaughn, Esq.
                         E-mail: dpvlaw@bellsouth.net

In Re SSS New Cafe, LLC
   Bankr. D. Ariz.  Case No. 11-34472
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/azb11-34472.pdf
         represented by: Eric Slocum Sparks, Esq.
                         Eric Slocum Sparks PC
                         E-mail: eric@ericslocumsparkspc.com

In Re Wahl to Wahl Inc.
   Bankr. D. Ariz. Case No. 11-34436
      Chapter 11 Petition filed December 21, 2011
         filed pro se

In Re Charles Kennedy
   Bankr. E.D. Ariz. Case No. 11-18070
      Chapter 11 Petition filed December 21, 2011

In Re Kathy Sugiyama
   Bankr. C.D. Calif. Case No. 11-15768
      Chapter 11 Petition filed December 21, 2011

In Re Philip Kajszo
   Bankr. C.D. Calif. Case No. 11-27467
      Chapter 11 Petition filed December 21, 2011

In Re Gregory Ambrose
   Bankr. S.D. Calif. Case No. 11-20408
      Chapter 11 Petition filed December 21, 2011

In Re Highconcepts Corporation
        fdba Highconcepts LLC
   Bankr. D. Colo.  Case No. 11-39307
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/cob11-39307.pdf
         represented by: Gregg Kay, Esq.
                         E-mail: gkay@lynchrobbins.com

In Re Nicholas Oltmans
   Bankr. D. Colo. Case No. 11-39354
      Chapter 11 Petition filed December 21, 2011

In Re Eli Industries, LLC
   Bankr. D. Conn.  Case No. 11-52504
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/ctb11-52504.pdf
         represented by: James M. Nugent, Esq.
                         Harlow, Adams, and Friedman
                         E-mail: jmn@quidproquo.com

In Re Alec Wallace
   Bankr. M.D. Fla. Case No. 11-23123
      Chapter 11 Petition filed December 21, 2011

In Re Alpine Property Services Co., Inc.
   Bankr. D. Mass.  Case No. 11-21818
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/mab11-21818.pdf
         represented by: John M. McAuliffe, Esq.
                         McAuliffe & Associates, P.C.
                         E-mail: mcauliffeassociates@hotmail.com

In Re Decar Creation & Manufacturing Company Inc.
   Bankr. D. N.J. Case No. 11-46039
      Chapter 11 Petition filed December 21, 2011
         filed pro se

In Re Michael Bateman
   Bankr. E.D.N.C. Case No. 11-09646
      Chapter 11 Petition filed December 21, 2011

In Re Wallace Lewis
   Bankr. W.D. N.C. Case No. 11-51536
      Chapter 11 Petition filed December 21, 2011

In Re Silverio Perez-Figueroa
   Bankr. D. Puerto Rico Case No. 11-10838
      Chapter 11 Petition filed December 21, 2011

In Re Econo Lodge
   Bankr. E.D. Tenn. Case No. 11-35652
      Chapter 11 Petition filed December 21, 2011

In Re Daniel Tidwell
   Bankr. M.D. Tenn. Case No. 11-12556
      Chapter 11 Petition filed December 21, 2011

In Re Everette Cowley
   Bankr. N.D. Tenn. Case No. 11-12521
      Chapter 11 Petition filed December 21, 2011

In Re Mark Neyland
   Bankr. N.D. Texas Case No. 11-47027
      Chapter 11 Petition filed December 21, 2011

In Re Tiffany Trail Owners Association, Inc.
   Bankr. N.D. Texas Case No. 11-38013
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/txnb11-38013.pdf
         represented by: Eric A. Liepins, Esq.
                         Eric A. Liepins, P.C.
                         E-mail: eric@ealpc.com

In Re CHN Construction, LLC
   Bankr. E.D. Va. Case No. 11-37995
      Chapter 11 Petition filed December 21, 2011
         See http://bankrupt.com/misc/vaeb11-37995.pdf
         represented by: Douglas Scott, Esq.
                         Douglas A. Scott, PLC
                         E-mail: BankruptcyCounsel@gmail.com

In Re Joseph Sagati
   Bankr. C.D. Calif. Case No. 11-24576
      Chapter 11 Petition filed December 22, 2011

In Re Kevin Voss
   Bankr. C.D. Calif. Case No. 11-27476
      Chapter 11 Petition filed December 22, 2011

In Re Linda Stevens
   Bankr. C.D. Calif. Case No. 11-15795
      Chapter 11 Petition filed December 22, 2011

In Re Richard Tuil
   Bankr. C.D. Calif. Case No. 11-61902
      Chapter 11 Petition filed December 22, 2011

In Re Steven Hagerman
   Bankr. E.D. Calif. Case No. 11-63646
      Chapter 11 Petition filed December 22, 2011

In Re Alejandro Gomez
   Bankr. S.D. Calif. Case No. 11-20468
      Chapter 11 Petition filed December 22, 2011

In Re Stephen Lin
   Bankr. N.D. Calif. Case No. 11-73277
      Chapter 11 Petition filed December 22, 2011

In Re Christian Smith
   Bankr. M.D. Fla. Case No. 11-09187
      Chapter 11 Petition filed December 22, 2011

In Re John GianFilippo
   Bankr. M.D. Fla. Case No. 11-23256
      Chapter 11 Petition filed December 22, 2011

In Re Kailash Chopra
   Bankr. D. Md. Case No. 11-34750
      Chapter 11 Petition filed December 22, 2011

In Re Divine Inspiration Missionary Baptist Church, Inc.
        dba T.C. Simmons Visiting Ministry , Inc.
   Bankr. E.D. Mich.  Case No. 11-72301
      Chapter 11 Petition filed December 22, 2011
         See http://bankrupt.com/misc/mieb11-72301.pdf
         represented by: Coral M. Watt, Esq.
                         E-mail: attywatt@aol.com

In Re Eastpointe Manor Inc.
   Bankr. E.D. Mich.  Case No. 11-72294
      Chapter 11 Petition filed December 22, 2011
         See http://bankrupt.com/misc/mieb11-72294p.pdf
         See http://bankrupt.com/misc/mieb11-72294c.pdf
         represented by: Michael A. Greiner, Esq.
                         Financial Law Group, P.C.
                         E-mail: mike@financiallawgroup.com

In Re Cleared Travel Corporation
   Bankr. W.D. Mich.  Case No. 11-12578
      Chapter 11 Petition filed December 22, 2011
         See http://bankrupt.com/misc/miwb11-12578.pdf
         represented by: E. Todd Sable, Esq.
                         Honigman Miller Schwartz and Cohn LLP
                         E-mail:   tsable@honigman.com

In Re Priva Design Services, Inc.
   Bankr. W.D. Mich.  Case No. 11-12577
      Chapter 11 Petition filed December 22, 2011
         See http://bankrupt.com/misc/miwb11-12577.pdf
         represented by: Joseph R. Sgroi, Esq.
                         Honigman Miller Schwartz and Cohn LLP
                         E-mail:  jsgroi@honigman.com

In Re Anthony Caporaletti
   Bankr. E.D.N.C. Case No. 11-09689
      Chapter 11 Petition filed December 22, 2011

In Re Vicky Batrko
   Bankr. E.D. N.Y. Case No. 11-78905
      Chapter 11 Petition filed December 22, 2011

In Re Lui Kim
   Bankr. S.D.N.Y. Case No. 11-15842
      Chapter 11 Petition filed December 22, 2011

In Re Pedro Perez Ortiz
   Bankr. D. Puerto Rico Case No. 11-10886
      Chapter 11 Petition filed December 22, 2011

In Re Linnette Maldonado Nieves
   Bankr. D. Puerto Rico Case No. 11-10895
      Chapter 11 Petition filed December 22, 2011

In Re Jack Kelly
   Bankr. M.D. Tenn. Case No. 11-12580
      Chapter 11 Petition filed December 22, 2011

In Re Du Jung
   Bankr. W.D. Wash. Case No. 11-24636
      Chapter 11 Petition filed December 22, 2011

In Re Joey Burton
   Bankr. W.D. Wash. Case No. 11-49850
      Chapter 11 Petition filed December 22, 2011

In Re Gene Lucia
   Bankr. W.D. Wis. Case No. 11-17650
      Chapter 11 Petition filed December 22, 2011

In Re Clinton Quirk
   Bankr. D. Ariz. Case No. 11-34645
      Chapter 11 Petition filed December 23, 2011

In Re Rancho California Realty Corp.
   Bankr. C.D. Calif. Case No. 11-48442
      Chapter 11 Petition filed December 23, 2011
         filed pro se

In Re The REF Group, Inc.
   Bankr. E.D. Calif. Case No. 11-63694
      Chapter 11 Petition filed December 23, 2011
         See http://bankrupt.com/misc/caeb11-63694.pdf
         represented by: Robert H. Brumfield, III, Esq.

In Re Amelia Street Investments, LLC
   Bankr. M.D. Fla. Case No. 11-19109
      Chapter 11 Petition filed December 23, 2011
         See http://bankrupt.com/misc/flmb11-19109.pdf
         represented by: Kenneth D. Herron, Jr, Esq.
                         E-mail: kherron@whmh.com

In Re Ronald Cooper
   Bankr. S.D. Calif. Case No. 11-20555
      Chapter 11 Petition filed December 23, 2011

In Re B.Y.O.B. Inc.
   Bankr. D. Mont. Case No. 11-62347
      Chapter 11 Petition filed December 23, 2011
         See http://bankrupt.com/misc/mtb11-62347.pdf
         represented by: Harold V. Dye, Esq.
                         E-mail: hdye@dyemoelaw.com

In Re Baldemar Fuentes
   Bankr. S.D. Texas Case No. 11-10783
      Chapter 11 Petition filed December 23, 2011

In Re Danny Burrell
      Iris Burrell
   Bankr. E.D. Pa. Case No. 11-19721
      Chapter 11 Petition filed December 23, 2011

In Re Bronx 439 E. 135th Street D.T. Building Corporation
   Bankr. S.D.N.Y. Case No. 11-15855
      Chapter 11 Petition filed December 23, 2011
         See http://bankrupt.com/misc/nysb11-15855.pdf
         represented by: Neil R. Flaum, Esq.
                         Flaum & Associates, P. C.
                         E-mail:  flaumandassociatespc@gmail.com

In Re Eskander Khamooshpour
   Bankr. D. Ariz. Case No. 11-34676
      Chapter 11 Petition filed December 24, 2011

In Re Herbert Holland
   Bankr. D. Md. Case No. 11-34864
      Chapter 11 Petition filed December 25, 2011

In Re Drew Maconachy
   Bankr. C.D. Calif. Case No. 11-27587
      Chapter 11 Petition filed December 27, 2011

In Re Kimberly Franklin
   Bankr. S.D. Calif. Case No. 11-20613
      Chapter 11 Petition filed December 27, 2011

In Re NOJ Investments of Wellington, LLC
   Bankr. D. Colo. Case No. 11-39597
      Chapter 11 Petition filed December 27, 2011
         See http://bankrupt.com/misc/cob11-39597p.pdf
         See http://bankrupt.com/misc/cob11-39597c.pdf
         represented by: Lee M. Kutner, Esq.
                         E-mail: lmk@kutnerlaw.com

In Re Robert Simmons
   Bankr. D. Conn. Case No. 11-52525
      Chapter 11 Petition filed December 27, 2011

In Re Schreckenghaust, Michel & Pack, Inc.
   Bankr. M.D. Fla. Case No. 11-23428
      Chapter 11 Petition filed December 27, 2011
         See http://bankrupt.com/misc/flmb11-23428.pdf
         represented by: Benjamin G. Martin, Esq.
                         Law Offices of Benjamin Martin
                         E-mail:  skipmartin@verizon.net

In Re AAA Oil, Inc.
   Bankr. W.D. Ky. Case No. 11-51249
      Chapter 11 Petition filed December 27, 2011
         See http://bankrupt.com/misc/kywb11-51249.pdf
         represented by: Mark C. Whitlow, Esq.
                         Whitlow, Roberts, Houston & Straub, PLLC
                         E-mail: lhuff@whitlow-law.com

In Re Bachhong Khong
   Bankr. D. Nev. Case No. 11-29566
      Chapter 11 Petition filed December 27, 2011

In Re Eustaquio Rodriguez
   Bankr. D. Nev. Case No. 11-29558
      Chapter 11 Petition filed December 27, 2011

In Re John Boyd
   Bankr. D. S.C. Case No. 11-07959
      Chapter 11 Petition filed December 27, 2011

In Re James Rust
   Bankr. M.D. Tenn. Case No. 11-12663
      Chapter 11 Petition filed December 27, 2011

In Re Turnkey Development LLC
   Bankr. D. Ariz. Case No. 11-34766
      Chapter 11 Petition filed December 28, 2011
         filed pro se

In Re Cenoz Enterprises
   Bankr. C.D. Calif. Case No. 11-48653
      Chapter 11 Petition filed December 28, 2011
         See http://bankrupt.com/misc/cacb11-48653.pdf
         represented by: Christopher S. Hammatt, Esq.


In Re EMR Dale Mabry, LLC
        dba Estela's Mexican Restaurant
   Bankr. M.D. Fla. Case No. 11-23463
      Chapter 11 Petition filed December 28, 2011
         See http://bankrupt.com/misc/flmb11-23463.pdf
         represented by: Scott A. Stichter, Esq.
                         Stichter, Riedel, Blain & Prosser
                         E-mail: sstichter.ecf@srbp.com

   In Re EMR Brandon, Inc.
           dba Estela's Mexican Restaurant
      Bankr. M.D. Fla. Case No. 11-23464
         Chapter 11 Petition filed December 28, 2011
            See http://bankrupt.com/misc/flmb11-23464.pdf
            represented by: Scott A. Stichter, Esq.
                            Stichter, Riedel, Blain & Prosser
                            E-mail: sstichter.ecf@srbp.com


In Re Scott Jorgensen
   Bankr. M.D. Fla. Case No. 11-23466
      Chapter 11 Petition filed December 28, 2011

In Re Michael Solari
   Bankr. S.D. Fla. Case No. 11-45201
      Chapter 11 Petition filed December 28, 2011

In Re Twenty Twenty Investment Group LLC
   Bankr. D. Md. Case No. 11-34944
      Chapter 11 Petition filed December 28, 2011
         See http://bankrupt.com/misc/mdb11-34944.pdf
         represented by: Donata Edwards, Esq.
                         E-mail: mtpisgahjustice@verizon.net

In Re Parry Robson
   Bankr. W.D. Tenn. Case No. 11-33667
      Chapter 11 Petition filed December 28, 2011

In Re James H. Horne
   Bankr. D. Ariz. Case No. 11-34876
      Chapter 11 Petition filed December 29, 2011

In Re Randall Faidley
   Bankr. D. Ariz. Case No. 11-34932
      Chapter 11 Petition filed December 29, 2011

In Re SB Restaurants, Inc.
   Bankr. D. Ariz. Case No. 11-34907
      Chapter 11 Petition filed December 29, 2011
         See http://bankrupt.com/misc/azb11-34907.pdf
         represented by: Michael Reddig, Esq.
                         Reddig Law Office
                         E-mail:  reddiglaw@gmail.com

In Re 1001 Investments Inc.
   Bankr. C.D. Calif. Case No. 11-62519
      Chapter 11 Petition filed December 29, 2011
         filed pro se

In Re Carniceria Perez
   Bankr. C.D. Calif. Case No. 11-48851
      Chapter 11 Petition filed December 29, 2011

In Re Hector Briseno
   Bankr. C.D. Calif. Case No. 11-48731
      Chapter 11 Petition filed December 29, 2011

In Re Ravinder Bhatia
   Bankr. C.D. Calif. Case No. 11-62614
      Chapter 11 Petition filed December 29, 2011

In Re Ted Kim
   Bankr. C.D. Calif. Case No. 11-62696
      Chapter 11 Petition filed December 29, 2011

In Re Thyme Lewis
   Bankr. C.D. Calif. Case No. 11-62677
      Chapter 11 Petition filed December 29, 2011

In Re Umbrian Properties. LLC
   Bankr. C.D. Calif. Case No. 11-62653
      Chapter 11 Petition filed December 29, 2011
         filed pro se

In Re Wagdi Wahba
   Bankr. E.D. Calif. Case No. 11-49741
      Chapter 11 Petition filed December 29, 2011

In Re Heywood Gay
   Bankr. S.D. Ga. Case No. 11-60817
      Chapter 11 Petition filed December 29, 2011

In Re Edmund Wary
   Bankr. D. Hawaii Case No. 11-03310
      Chapter 11 Petition filed December 29, 2011

In Re Rick Roudabush
   Bankr. D. Idaho Case No. 11-42073
      Chapter 11 Petition filed December 29, 2011

In Re Ira Harber
   Bankr. N.D. Miss. Case No. 11-15900
      Chapter 11 Petition filed December 29, 2011

In Re Valley Beef, L.L.C.
   Bankr. E.D. Mo. Case No. 11-53330
      Chapter 11 Petition filed December 29, 2011
         See http://bankrupt.com/misc/moeb11-53330.pdf
         represented by: Robert E. Eggmann, Esq.
                         Desai Eggmann Mason LLC
                         E-mail:  reggmann@demlawllc.com

In Re Antonio David
   Bankr. D. Nev. Case No. 11-29635
      Chapter 11 Petition filed December 29, 2011

In Re Joon Su Gang
   Bankr. D. Nev. Case No. 11-29687
      Chapter 11 Petition filed December 29, 2011

In Re Victor Sparace
   Bankr. D. Nev. Case No. 11-29688
      Chapter 11 Petition filed December 29, 2011

In Re River Street Associates, LLC
   Bankr. N.D. N.Y. Case No. 11-13935
      Chapter 11 Petition filed December 29, 2011
         See http://bankrupt.com/misc/nynb11-13935.pdf
         represented by: Richard Croak, Esq.
                         E-mail:  rcroak@richardcroak.com

In Re Agropharma Laboratories Inc.
   Bankr. D. Puerto Rico Case No. 11-11036
      Chapter 11 Petition filed December 29, 2011
         See http://bankrupt.com/misc/prb11-11036.pdf
         represented by: Teresa M. Lube Capo, Esq.
                         Lube & Soto Law Offices PSC
                         E-mail:   lubeysoto@gmail.com

In Re William Flores Sierra
   Bankr. D. Puerto Rico Case No. 11-11081
      Chapter 11 Petition filed December 29, 2011

In Re George Hall
   Bankr. D. S.C. Case No. 11-08010
      Chapter 11 Petition filed December 29, 2011

In Re Woodlake Golf Club, LLC
   Bankr. W.D. Texas Case No. 11-54453
      Chapter 11 Petition filed December 29, 2011
         See http://bankrupt.com/misc/txwb11-54453.pdf
         represented by: Dean William Greer, Esq.
                         Lube & Soto Law Offices PSC
                         E-mail:  dwgreer@sbcglobal.net

In Re Lodging Brokerage Enterprises, LLC
   Bankr. D. Ariz. Case No. 11-35074
      Chapter 11 Petition filed December 30, 2011
         See http://bankrupt.com/misc/azb11-35074.pdf
         represented by: Donald W. Powell, Esq.
                         Carmichael & Powell, P.C.
                         E-mail:  d.powell@cplawfirm.com

In Re Sawtantra Chopra
   Bankr. E.D. Calif. Case No. 11-94410
      Chapter 11 Petition filed December 30, 2011

In Re Michael Wood
   Bankr. N.D. Calif. Case No. 11-61877
      Chapter 11 Petition filed December 30, 2011

In Re Viem Mai
   Bankr. N.D. Calif. Case No. 11-73493
      Chapter 11 Petition filed December 30, 2011

In Re Michael LaPoint
   Bankr. S.D. Calif. Case No. 11-20857
      Chapter 11 Petition filed December 30, 2011

In Re John Fitzpatrick
   Bankr. D. D.C. Case No. 11-00959
      Chapter 11 Petition filed December 30, 2011

In Re Shimon Cohen
   Bankr. S.D. Fla. Case No. 11-45624
      Chapter 11 Petition filed December 30, 2011

In Re Israel Arzi
      Yoheved Arzi
   Bankr. M.D. Ga. Case No. 11-71867
      Chapter 11 Petition filed December 30, 2011

In Re Premier Canine, Inc.
        aka Premier K-9 Inc.
   Bankr. N.D. Ga. Case No. 11-87099
      Chapter 11 Petition filed December 30, 2011
         See http://bankrupt.com/misc/ganb11-87099.pdf
         represented by: Kenneth Mitchell, Esq.
                         Giddens, Davidson & Mitchell P.C.
                         E-mail:  kmitchell@gdmpclaw.com

In Re Marshall Grillo
   Bankr. E.D. Ky. Case No. 11-70802
      Chapter 11 Petition filed December 30, 2011

In Re Leslie Ward
   Bankr. D. Md. Case No. 11-35086
      Chapter 11 Petition filed December 30, 2011

In Re RMS Sonography, Inc.
   Bankr. D. Md. Case No. 11-35115
      Chapter 11 Petition filed December 30, 2011
         See http://bankrupt.com/misc/mdb11-35115.pdf
         represented by: Tate Russack, Esq.
                         Russack Associates, LLC
                         E-mail:  tate@russacklaw.com

In Re Jean Giron
   Bankr. D. Nev. Case No. 11-29689
      Chapter 11 Petition filed December 30, 2011

In Re Constellation Inc.
        dba The Pink Slip
   Bankr. S.D.N.Y. Case No. 11-15936
      Chapter 11 Petition filed December 30, 2011
         See http://bankrupt.com/misc/nysb11-15936.pdf
         represented by: Erica R. Feynman, Esq.
                         Rattet Pasternak, LLP
                         E-mail:  efeynman@rattetlaw.com

In Re James White
   Bankr. E.D.N.C. Case No. 11-09823
      Chapter 11 Petition filed December 30, 2011

In Re Shawn Vance
   Bankr. S.D. Ohio Case No. 11-62813
      Chapter 11 Petition filed December 30, 2011

In Re Trin Lam
   Bankr. N.D. Texas Case No. 11-38159
      Chapter 11 Petition filed December 30, 2011

In Re Envirotech Services LLC
   Bankr. S.D. Texas Case No. 11-40981
      Chapter 11 Petition filed December 30, 2011
         filed pro se

In Re Howard Zidell
   Bankr. W.D. Wash. Case No. 11-50046
      Chapter 11 Petition filed December 30, 2011

In Re Jorge Cervantes
   Bankr. D. Ariz. Case No. 11-35089
      Chapter 11 Petition filed December 31, 2011

In Re Timothy Craig
   Bankr. D. Ariz. Case No. 11-35087
      Chapter 11 Petition filed December 31, 2011

In Re David Appel
   Bankr. C.D. Calif. Case No. 11-27845
      Chapter 11 Petition filed December 31, 2011

In Re Jose Montanez Santos
   Bankr. D. Puerto Rico Case No. 11-11252
      Chapter 11 Petition filed December 31, 2011

In Re Vahid Farsoni
   Bankr. C.D. Calif. Case No. 12-10002
      Chapter 11 Petition filed January 1, 2012

In Re Gaetana Enterprises, LLC
   Bankr. N.D. Ga. Case No. 12-50030
      Chapter 11 Petition filed January 1, 2012
         See http://bankrupt.com/misc/ganb12-50030.pdf
         represented by: Miles W. Rich, Esq.
                         Miles W. Rich, P.C.
                         E-mail:  milesrich@yahoo.com

In Re ASMA International Trading Company
   Bankr. N.D. Texas Case No. 12-40005
      Chapter 11 Petition filed January 1, 2012
         See http://bankrupt.com/misc/txnb12-40005.pdf
         represented by: David R. Gibson, Esq.
                         The Gibson Law Group
                         E-mail:  my.lawyer@sbcglobal.net

   In Re Hadi Holding Limited Company
      Bankr. N.D. Texas Case No. 12-40006
         Chapter 11 Petition filed January 1, 2012
            See http://bankrupt.com/misc/txnb12-40006.pdf
            represented by: David R. Gibson, Esq.
                            The Gibson Law Group
                            E-mail:  my.lawyer@sbcglobal.net

      In Re David Kader Trust
         Bankr. N.D. Texas Case No. 12-40007
            Chapter 11 Petition filed January 1, 2012
               See http://bankrupt.com/misc/txnb12-40007.pdf
               represented by: David R. Gibson, Esq.
                               The Gibson Law Group
                               E-mail:  my.lawyer@sbcglobal.net



                           *********

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 2012.  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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