TCR_Public/130824.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, August 24, 2013, Vol. 17, No. 234


                            Headlines

AMERICANWEST BANCORP: Net Loss Down to $8,951 in July
ATARI INC: Records $599,000 Net Loss for July
FIRST REGIONAL: Ends July with $164,393 Cash Balance
HI-WAY EQUIPMENT: Lists $10.49MM Stockholders' Deficit in June
K-V PHARMACEUTICAL: Posts $746,000 Net Income in July

REVSTONE INDUSTRIES: Records $172,857 Net Loss at June 29
THQ INC: Posts $1.28 Million Net Income in May
THQ INC: Incurs $3.6 Million Net Loss in June


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AMERICANWEST BANCORP: Net Loss Down to $8,951 in July
-----------------------------------------------------
AmericanWest Bancorporation filed with the U.S. Securities and
Exchange Commission its monthly operating report for July 2013.

The Company reported a net loss of $8,951 on $0 of income for the
month of July as compared with a net loss of $83,215 on $0 of
income last month.  As of July 31, 2013, the Company had $6.64
million in total assets, $47.43 million in total liabilities and a
$40.78 million total owners' deficit.

At the beginning of the month, the Company had $5.22 million in
cash.  The Company reported $0 of cash receipts and $5,719 of
total cash disbursements.  At July 31, 2013, the Company had $5.22
million in cash.

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

                       http://is.gd/eVogss

                 About AmericanWest Bancorporation

Headquartered in Spokane, Washington, AmericanWest Bancorporation
(OTC BB: AWBC) -- http://www.awbank.net/-- was a bank holding
company whose principal subsidiary was AmericanWest Bank, which
included Far West Bank in Utah operating as an integrated
division of AmericanWest Bank.  AmericanWest Bank was a community
bank with 58 financial centers located in Washington, Northern
Idaho and Utah.

AmericanWest Bancorporation filed for Chapter 11 protection
(Bankr. E.D. Wash. Case No. 10-06097) on Oct. 28, 2010. The
banking subsidiary was not included in the Chapter 11 filing.

Christopher M. Alston, Esq., and Dillon E. Jackson, Esq., at
Foster Pepper Shefelman PLLC, in Seattle, Washington, serve as
bankruptcy counsel. G. Larry Engel, Esq., at Morrison & Foerster
LLP, also serves as counsel.

The Debtor estimated assets of $1 million to $10 million and
debts of $10 million to $50 million in its Chapter 11 petition.
AmericanWest Bancorporation's estimates exclude its banking
unit's assets and debts. In its Form 10-Q filed with the
Securities and Exchange Commission before the Petition Date,
AmericanWest Bancorporation reported consolidated assets --
including its bank unit's -- of $1.536 billion and consolidated
debts of $1.538 billion as of Sept. 30, 2010.

In December 2010, AmericanWest completed the sale of all
outstanding shares of AmericanWest Bank to a wholly owned
subsidiary of SKBHC Holdings LLC, in a transaction approved by
the U.S. Bankruptcy Court.  The bank subsidiary was sold to SKBHC
Holdings Inc. for $6.5 million cash.


ATARI INC: Records $599,000 Net Loss for July
---------------------------------------------
Atari Inc., on Aug. 15, 2013, filed its monthly operating report
for the month ended July 31, 2013.

The Company posted a net loss of $599,000 on net revenue of
$2.99 million for July.

As of July 31, 2013, the Company had total assets of
$33.95 million, total liabilities of $333.22 million, and total
stockholders' deficit of $299.27 million.

At the beginning of July , the Company had $2.63 million in cash.
Atari had total cash receipts of $1.75 million and total cash
disbursements of $1.67 million.  As a result, at the end of July,
the Company had total cash of $2.7 million.

A full-text copy of the monthly operating report is available at:

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

                           About Atari

Atari -- http://www.atari.com-- is a multi-platform, global
interactive entertainment and licensing company.  Atari owns
and/or manages a portfolio of more than 200 games and franchises,
including world renowned brands like Asteroids(R), Centipede(R),
Missile Command(R), Pong(R), Test Drive(R), Backyard Sports(R),
and Rollercoaster Tycoon(R).

Atari Inc. and its U.S. affiliates filed for Chapter 11 bankruptcy
(Bankr. S.D.N.Y. Lead Case No. 13-10176) on Jan. 21, 2013, to
break away from their unprofitable French parent company and
secure independent capital.

A day after its American unit filed for Chapter 11 bankruptcy
protection, Paris-based Atari S.A. took a similar measure under
Book 6 of that country's commercial code.  Atari S.A. said it
was filing for legal protection because its longtime backer
BlueBay has sought to sell its 29% stake and demanded repayment by
March 31 on a credit line of $28 million that it cut off in
December.

Peter S. Partee, Sr. and Michael P. Richman of Hunton & Williams
LLP serve as lead counsel for the U.S. companies in their Chapter
11 cases.  BMC Group is the claims and notice agent.  Protiviti
Inc. is the financial advisor.

The Debtors won court approval to sell seven video-game franchises
for a total of about $5.1 million.

Duff & Phelps Securities LLC serves as financial advisor to the
Official Committee of Unsecured Creditors.  Cooley LLP serves as
the Committee's counsel.


FIRST REGIONAL: Ends July with $164,393 Cash Balance
----------------------------------------------------
First Regional Bancorp filed with the U.S. Securities and Exchange
Commission its monthly operating report for July 2013.

The Company reported a net loss of $54,538 on $0 of net sales for
the month of July.  As of July 31, 2013, the Company had $939,393
in total assets, $97.65 million in total liabilities, and a $96.71
million total deficit.

At the beginning of the month, the Company had $176,931 in cash.
The Company had $0 of total receipts and $12,538 of total
disbursements.  At the end of the month, the Company had $164,393
in cash.

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

                        http://is.gd/1fvKa5

                   About First Regional Bancorp

First Regional Bancorp (NASDAQ-GSM: FRGB) is the bank holding
company for First Regional Bank, Los Angeles, California.
First Regional Bank was closed at the end of January 2010 by the
California Department of Financial Institutions, which appointed
the Federal Deposit Insurance Corporation as receiver.

First Regional Bancorp filed for Chapter 11 protection
(Bankr. C.D. Calif. Case No. 12-31372) on June 19, 2012.

Jon L Dalberg, Esq., at Landau Gottfried & Berger LLP, represents
the Debtor in its Chapter 11 case.

The Debtor estimated assets of $1 million to $10 million and
debts of $100 million to $500 million in its Chapter 11 petition.


HI-WAY EQUIPMENT: Lists $10.49MM Stockholders' Deficit in June
--------------------------------------------------------------
Hi-Way Equipment Company, on Aug. 1, 2013, filed its monthly
operating report for the month ended June 2013.

As of June 2013, the Company had total assets of $2.94 million,
total liabilities of $13.44 million, and total stockholders'
deficit of $10.49 million.

The Debtors also included a list of retainers paid to their
bankruptcy professionals like Reeves, Koskiewicz, Sewell LLP and
Upshot Services.

A full-text copy of the monthly operating report is available at:

        http://bankrupt.com/misc/HI-WAY_EQUIPMENT_junemor.pdf

                       About Hi-Way Equipment

Hi-Way Equipment Company LLC filed a Chapter 11 petition (Bankr.
N.D. Tex. Case No. 13-41498) on April 1, 2013.  Charles W. Reeves,
Jr., signed the petition as chief restructuring officer.
Gardere Wynne Sewell, LLP, in Dallas, Texas, serves as the
Debtor's counsel.  The Debtor estimated assets and debts of at
least $10 million.

Shannon, Gracey, Ratliff & Miller represents the Official
Committee of Unsecured Creditors as counsel.

Hi-Way Equipment has been providing rental and sales of equipment
since 1948.  In 2008, Hi-Way Equipment acquired Equipment Support
Services, Inc.  As part of that acquisition, Hi-Way Equipment
expanded to become a dealer of Case and Case IH equipment through
CNH America LLC.  With the acquisition of ESS, Hi-Way Equipment
acquired ESS' subsidiaries: CDI Equipment, Ltd., Carruth-Doggett
Industries Partners Acquisition, LLC, Future Equipment Holdings,
LLC, Future Equipment Partners, LLC, Equipment Support Services,
Inc., ESS Acquisition LLC, Carruth-Doggett Industries Holdings
Acquisition, LLC, and Southern Power Acquisition, Inc.  In 2011,
Hi-Way Equipment merged with the Subsidiaries and Hi-Way Equipment
was the sole surviving entity.  Hi-Way Equipment serves as the
non-exclusive dealer of Case and Case IH equipment in numerous
counties across Texas.


K-V PHARMACEUTICAL: Posts $746,000 Net Income in July
-----------------------------------------------------
K-V Discovery Solutions, Inc., et al., on Aug. 15, 2013, filed its
monthly operating report for the period ended July 31, 2013.

The Debtors' consolidated statement of operations showed a net
income from continuing operations of $746,000 on $11.54 million
of net revenues for the month.

As of July 31, 2013, the Debtors had $217.24 million in total
assets, $712.56 million in total liabilities, and a
$495.32 million total shareholders' deficit.

The Debtors had total cash receipts of $13.27 million and total
cash disbursements of $13 million.

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

           http://bankrupt.com/misc/K-V_PHARMA_julymor.pdf

                      About K-V Pharmaceutical

K-V Pharmaceutical Company (NYSE: KVa/KVb) --
http://www.kvpharmaceutical.com/-- is a fully integrated
specialty pharmaceutical company that develops, manufactures,
markets, and acquires technology-distinguished branded and
generic/non-branded prescription pharmaceutical products.  The
Company markets its technology distinguished products through
ETHEX Corporation, a subsidiary that competes with branded
products, and Ther-Rx Corporation, the company's branded drug
subsidiary.

K-V Pharmaceutical Company and certain domestic subsidiaries on
Aug. 4, 2012, filed voluntary Chapter 11 petitions (Bankr.
S.D.N.Y. Lead Case No. 12-13346, under K-V Discovery Solutions
Inc.) to restructure their financial obligations.

K-V employed Willkie Farr & Gallagher LLP as bankruptcy counsel,
Williams & Connolly LLP as special litigation counsel, and SNR
Denton as special litigation counsel.  In addition, K-V tapped
Jefferies & Co., Inc., as financial advisor and investment banker.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

The U.S. Trustee appointed five members to serve in the Official
Committee of Unsecured Creditors.  Kristopher M. Hansen, Esq.,
Erez E. Gilad, Esq., and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, represent the Creditors Committee.

Weil, Gotshal & Manges LLP's Robert J. Lemons, Esq., and Lori R.
Fife, Esq., represent an Ad Hoc Senior Noteholders Group.


REVSTONE INDUSTRIES: Records $172,857 Net Loss at June 29
---------------------------------------------------------
Revstone Industries, LLC, on Aug. 19, 2013, filed its monthly
operating report for the period between June 2 and June 29, 2013.

The Company reported a net loss of $172,857 on management fee
and shared service revenues of $490,512 for the period ended
June 29, 2013.

As of June 29, 2013, the Company had total assets of
$80.77 million, total liabilities of $111.53 million and total
stockholders' deficit of $30.76 million.

A full-text copy of the monthly operating report is available at:

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

                 About Revstone Industries et al.

Lexington, Kentucky-based Revstone Industries LLC, a maker of
truck parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon
oversees the case.  Laura Davis Jones, Esq., at Pachulski Stang
Ziehl & Jones LLP represents Revstone.  In its petition, Revstone
estimated under $50 million in assets and debts.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.  Greenwood estimated $1 million
to $10 million in assets and $10 million to $50 million in debts.
US Tool & Engineering estimated under $1 million in assets and
$1 million to $10 million in debts.  The petitions were signed by
George S. Homeister, chairman.

Metavation, also known as Hillsdale Automotive, LLC, joined parent
Revstone in Chapter 11 on July 22, 2013 (Bankr. D. Del. Case No.
13-11831) to sell the bulk of its assets to industry rival Dayco
for $25 million, absent higher and better offers.

Metavation has tapped Pachulski as its counsel.  Pachulski also
serves as counsel to Revstone and Spara.  Metavation also has
tapped McDonald Hopkins PLC as special counsel, and Rust
Consulting/Omni Bankruptcy as claims agent and to provide
administrative services.

Mark L. Desgrosseilliers, Esq., at Womble Carlyle Sandridge &
Rice, LLP represents the Official Committee of Unsecured Creditors
in Revstone's case.


THQ INC: Posts $1.28 Million Net Income in May
----------------------------------------------
THQ Inc. filed with the U.S. Securities and Exchange Commission
its monthly operating report for May 2013.

The Company reported net income of $1.28 million on $1.52 million
of total sales for the month.  As of May 31, 2013, the Company had
$87.02 million in total assets, $136.79 million in total
liabilities, and a $49.77 million total deficit.

At May 1, 2013, the Company had $65 million in cash.  The Company
reported total receipts of $12.96 million and total disbursements
of $1.85 million.  At the end of the month, the Company had $76.11
million in cash.

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

                        http://is.gd/qslmWY

                          About THQ Inc.

THQ Inc. (NASDAQ: THQI) -- http://www.thq.com/-- was a worldwide
developer and publisher of interactive entertainment software.
The Company developed its products for all popular game systems,
personal computers, wireless devices and the Internet.
Headquartered in Los Angeles, California, THQ sold product through
its network of offices located throughout North America and
Europe.

THQ Inc. and its affiliates sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 12-13398) on Dec. 19, 2012.  Michael R.
Nestor, M. Blake Cleary and Jaime Luton Chapman at Young Conaway
Stargatt & Taylor, LLP; and Oscar Garza at Gibson, Dunn & Crutcher
LLP represent the Debtors.  FTI Consulting and Centerview Partners
LLC are the financial advisors.  Kurtzman Carson Consultants is
the claims and notice agent.

Before the bankruptcy, Clearlake signed a contract to buy Agoura
THQ for a price said to be worth $60 million.  After a 22-hour
auction with 10 bidders, the top offers brought a combined $72
million from several buyers who will split up the company. Judge
Walrath approved the sales in January.  Some of the assets didn't
sell, including properties the company said could be worth about
$29 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five
persons to serve in the Official Committee of Unsecured Creditors.
The Committee tapped Houlihan Lokey Capital as its financial
advisor and investment banker, Landis Rath & Cobb as co-counsel
and Andrews Kurth as counsel.

The Debtors' Second Amended Chapter 11 Plan of Liquidation became
effective on Aug. 2, 2013.


THQ INC: Incurs $3.6 Million Net Loss in June
---------------------------------------------
THQ Inc. filed with the U.S. Securities and Exchange Commission
its monthly operating report for June 2013.

The Company reported a net loss of $3.62 million on $37,485 of
total sales for the month.  As of June 30, 2013, the Company had
$77.87 million in total assets, $131.26 million in total
liabilities, and a $53.39 million total deficit.

At the beginning of the period, the Company had $76.11 million in
cash.  The Company reported cash receipts of $4.94 million and
total disbursements of $3.29 million.  As a result, the Company
had $77.76 million in cash at June 30, 2013.

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

                         http://is.gd/UjSlg0

                           About THQ Inc.

THQ Inc. (NASDAQ: THQI) -- http://www.thq.com/-- was a worldwide
developer and publisher of interactive entertainment software.
The Company developed its products for all popular game systems,
personal computers, wireless devices and the Internet.
Headquartered in Los Angeles, California, THQ sold product through
its network of offices located throughout North America and
Europe.

THQ Inc. and its affiliates sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 12-13398) on Dec. 19, 2012.  Michael R.
Nestor, M. Blake Cleary and Jaime Luton Chapman at Young Conaway
Stargatt & Taylor, LLP; and Oscar Garza at Gibson, Dunn & Crutcher
LLP represent the Debtors.  FTI Consulting and Centerview Partners
LLC are the financial advisors.  Kurtzman Carson Consultants is
the claims and notice agent.

Before the bankruptcy, Clearlake signed a contract to buy Agoura
THQ for a price said to be worth $60 million.  After a 22-hour
auction with 10 bidders, the top offers brought a combined $72
million from several buyers who will split up the company. Judge
Walrath approved the sales in January.  Some of the assets didn't
sell, including properties the company said could be worth about
$29 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five
persons to serve in the Official Committee of Unsecured Creditors.
The Committee tapped Houlihan Lokey Capital as its financial
advisor and investment banker, Landis Rath & Cobb as co-counsel
and Andrews Kurth as counsel.

The Debtors' Second Amended Chapter 11 Plan of Liquidation became
effective on Aug. 2, 2013.



                            *********

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                           *********

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