TCR_Public/130828.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Wednesday, August 28, 2013, Vol. 17, No. 238

                            Headlines

2271 BEACHWOOD: Voluntary Chapter 11 Case Summary
3PEA INTERNATIONAL: Posts $79,800 Net Income in 2nd Quarter
4LICENSING CORP: Incurs $979,000 Net Loss in Second Quarter
501 GRANT: Dec. 19 Hearing to Confirm Third Amended Plan
78 FIRST STREET: James S. Lowe II Appointed as Chapter 11 Trustee

ACCENTIA BIOPHARMACEUTICALS: Delays Q2 10-Q for Lack of Funds
AFFYMAX INC: Hires TBG to Lead Restructuring
ALASKA COMMUNICATIONS: S&P Affirms 'B+' Corp. Credit Rating
AMARU INC: Incurs $360,700 Net Loss in First Quarter
AMARU INC: Incurs $197,000 Net Loss in Second Quarter

AMERICAN AIRLINES: TWUA Asks Court to Delay Hearing on Lease
AMERICAN AIRLINES: Grant Thornton to Provide Add'l Services
AMERICAN MEDIA: Posts $765,000 Net Income in June 30 Quarter
ANCHOR BANCORP: Plan Disclosures & Confirmation Hearing on Aug. 30
ANCHOR BANCORP: Seeks to Employ Kerkman Dunn as General Counsel

ANCHOR BANCORP: Seeks to Employ Skadden Arps as Special Counsel
ANCHOR BANCORP: Wants to Employ CohnReznick as Financial Advisor
ANGLO IRISH: Voluntary Chapter 15 Case Summary
ANTIOCH COMPANY: Court OKs $45,000 Bonus Payments to Employees
ANTIOCH COMPANY: Exclusive Deadline to File Plan on Nov. 12

BATS GLOBAL: S&P Puts 'BB-' ICR on CreditWatch Positive
BERNARD L. MADOFF: Trustee Inks $98MM Deal With Feeder Fund
BERNARD L. MADOFF: Picard Has $98MM Accord With Maxam Fund
BIOFUELS POWER: Incurs $299,000 Net Loss in First Half of 2013
BROCADE COMMS: Moody's Raises CFR to Ba2; Unsecured Notes to Ba3

CENGAGE LEARNING: Has Nod to Use Cash Collateral Until January
CENGAGE LEARNING: Willkie Farr Can Assist Independent Director
CENGAGE LEARNING: Files Schedules of Assets and Liabilities
CENTRAL EUROPEAN: Suspending Filing of Reports With SEC
CENVEO INC: Capitalization Concerns Cue Moody's Downgrade Review

CHILE MINING: Incurs $808,900 Net Loss in June 30 Quarter
CHINA NATURAL: Reports $3.2 Million Net Income in 2nd Quarter
CONTRA COSTA COUNTY PFA: S&P Affirms 'B' Rating on 1999 Bonds
CONTRA COSTA COUNTY PFA: S&P Affirms 'BB+' Rating on 2007A Bonds
CONTRA COSTA COUNTY PFA: S&P Affirms 'B' Rating on 2007B Bonds

CROSSOVER FINANCIAL: Files Fourth Amended Disclosure Statement
CYCLONE POWER: Incurs $580,000 Net Loss in Second Quarter
DARLING INTERNATIONAL: Moody's Rates New Debt Facilities 'Ba1'
DATAJACK INC: Liggett Vogt Replaces RBSM LLP as Accountants
DETROIT, MI: Judge Directs Aug. 29 Mediation With Syncora

DETROIT, MI: Mediator Orders Syncora Into Swaps Accord Talks
DETROIT, MI: Bankruptcy Judge Speeds Up Part of Eligibility Fight
DTS8 COFFEE: Two Directors Resign
DYNASTY HOUSE: Updated Case Summary & Creditors' Lists
EASTMAN KODAK: Settles Dispute With GOT Over Patent Transfer

EGPI FIRECREEK: Incurs $164,600 Net Loss in First Quarter
EPAZZ INC: Incurs $1.6 Million Net Loss in Second Quarter
ERF WIRELESS: Incurs $2.2 Million Net Loss in Second Quarter
EXCEL MARITIME: Committee Seeks to Retain Akin Gump as Counsel
EXCEL MARITIME: Gets OK to Hire Intermodal as Ship Broker

EXCEL MARITIME: Committee Taps Jefferies as Investment Banker
EXIDE TECHNOLOGIES: Court Approves CEO and CFO Designation
EXIDE TECHNOLOGIES: Committee Gets OK to Tap Guggenheim as Banker
FENWICK AUTOMOTIVE: Tiger Group Conducts Bid Offering for Assets
FIBERTOWER NETWORK: Exclusive Filing Period Expires Sept. 16

FIELD FAMILY: Oct. 2 Hearing to Approve Amended Plan
FIRST NATIONAL: Divests Monroe County Branch Banking Activities
FIRST SECURITY: Files Form 10-Q, Incurs $4MM Net Loss in Q2
FLORIDA GAMING: Incurs $22.3 Million Net Loss in Second Quarter
FOUR DOGS: Case Summary & 3 Unsecured Creditors

FREESEAS INC: Issues 1.1MM Add'l Settlement Shares to Hanover
FREESEAS INC: Issues 1.2MM Add'l Settlement Shares to Hanover
FUSION TELECOMMUNICATIONS: Posts $1.6 Million Net Income in Q2
GLOBALSTAR INC: Files Form 10-Q, Incurs $126.3MM Loss in Q2
GREAT LAKES: Moody's Lowers CFR to B3 & Unsecured Notes to Caa1

GREAT PLAINS EXPLORATION: Balks at Wells Fargo's Conversion Motion
GUIDED THERAPEUTICS: Incurs $1.7 Million Net Loss in 2nd Qtr.
HERITAGE CONSOLIDATED: Confirms Second Amended Chapter 11 Plan
HOSTESS BRANDS: Allowed to Amend Hilco Employment Contract
IMH FINANCIAL: Incurs $2.3 Million Net Loss in Second Quarter

INSITE WIRELESS: Fitch Rates $39.6MM Class B Notes at 'BB-'
INTERFAITH MEDICAL: Brooklyn Hospital Won't Close For Now
INTERNATIONAL LEASE: Moody's Affirms 'Ba3' Corp. Family Rating
IPC INTERNATIONAL: Employs Proskauer Rose as Lead Counsel
IPC INTERNATIONAL: Taps Potter Anderson as Local Counsel

IPC INTERNATIONAL: Employs Livingstone as Investment Banker
IPC INTERNATIONAL: Cleared to Auction Assets in October
J.C. PENNEY: Inks Registration Agreement with Pershing, et al.
JAMESTOWN LENDERS: Voluntary Chapter 11 Case Summary
JEFFERSON COUNTY, AL: Says Creditors Need to Revise Plan

K-V PHARMACEUTICAL: Committee Plan Support Statement Filed
KIT DIGITAL: Effective Date of Plan Occurred on August 16
KIWIBOX.COM INC: Reports $720,800 Net Loss in Second Quarter
LAKELAND INDUSTRIES: Obtains $817,000 in Financing
LANDAUER HEALTHCARE: Can Use Cash Collateral Until Sept. 14

LANDAUER HEALTHCARE: Taps C. Claster & M. Flynn as Co-CROs
LANDAUER HEALTHCARE: Seeks to Employ K&L Gates as Counsel
LEVEL 3: Borrows $595.5MM to Repay Tranche B 2016 Term Loan
LIME ENERGY: Incurs $2 Million Net Loss in Second Quarter
MADISON HOTEL: Liquidating Trustee Can Ink Purchase/Sale Agreement

MAGNOLIA GOLF: Case Summary & 4 Largest Unsecured Creditors
MAQ MANAGEMENT: Effective Date of Confirmed Plan Occurred Aug. 2
MAXCOM TELECOMUNICACIONES: Can Employ Kirkland as Lead Counsel
MAXCOM TELECOMUNICACIONES: Can Tap Pachulski as Local Del. Counsel
MAXCOM TELECOMUNICACIONES: Can Employ Santamarina as Mex. Counsel

MERCANTILE BANCORP: Securities Holders Tap Kirkland as Counsel
MERCANTILE BANCORP: Securities Holders Retain Klehr Harrison
MIDTOWN SCOUTS: Seeks Extension of Filing Period Until Oct. 31
MMRGLOBAL INC: Reports 51% Increase in 2nd Quarter Revenues
MOBIVITY HOLDINGS: Sandor Capital, et al., to Sell 95MM Shares

MONTREAL MAINE: Ch.11 Trustee Hires Bernstein Shur as Counsel
MONTREAL MAINE: US Trustee Balks at Section 506(c) Waiver
MONTREAL MAINE: Incomplete Documents Due Sept. 4
MOUNTAIN COUNTRY: Court OKs Turner & Johns as Trustee's Counsel
MOUNTAIN COUNTRY: Hearing to Approve Financing on Sept. 18

MORRIS BROWN COLLEGE: Has $1.5MM Loan From Methodist Church
MSI CORPORATION: Gets Continued Cash Collateral Access Thru Nov. 1
MUSCLEPHARM CORP: Approves $1 Million Potential 2013 Bonuses
NAMCO LLC: Plan of Reorganization Became Effective August 16
NATIVE WHOLESALE: Bankr. Ct. Vacates Conditional Dismissal Ruling

NATIVE WHOLESALE: 5 States Seek Conversion or Dismissal
NAVISTAR INTERNATIONAL: No Longer Holds Shares of Core Molding
NORSE ENERGY: Gets Lackluster Bids for Drilling Rights
NORTEL NETWORKS: International Court Clash Over $7.5B Cash Delayed
NORTHERN BEEF PACKERS: U.S. Trustee Seeks Chapter 7 Conversion

OMTRON USA: Committee Wants Conversion Only After Closing of Sale
OTELCO INC: Stockholders Elect Seven Directors
OVERSEAS SHIPHOLDING: May Owe $460 Million or More to IRS
OVERSEAS SHIPHOLDING: Files Form B26 Periodic Report
PATRIOT COAL: AFGE National President & UMWA President Arrested

PATRIOT COAL: Equity Out of the Money, Article Says
PEABODY ENERGY: S&P Cuts Corp. Credit Rating to 'BB'
PRA HOLDINGS: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
PROVIDENT COMMUNITY: Incurs $1.4 Million Net Loss in 2nd Quarter
QUALITY DISTRIBUTION: Apollo No Longer a Shareholder at Aug. 14

QUANTUM FUEL: Signs Sales Agreement with Ascendiant Capital
RAHA LAKES: Confirmation Hearing Continued to Nov. 21
RANCHER ENERGY: Incurs $148,000 Net Loss in June 30 Quarter
RESIDENTIAL CAPITAL: His Work Done, Examiner Asks to be Discharged
REVSTONE INDUSTRIES: Hearing Today on Adequacy of Plan Outline

REVSTONE INDUSTRIES: Balks at Boston Finance's Conversion Bid
RG STEEL: Esmark Delays Restart of Ohio Mill Operations
ROCKY MOUNTAIN: Involuntary Chapter 11 Case Summary
ROTECH HEALTHCARE: Bankruptcy-Exit Plan Has Creditors' Support
ROTHSTEIN ROSENFELDT: Investor Says Law Firms Have No Dibs on Fees

ROTECH HEALTHCARE: Equity Holders Out Of The Money, Judge Says
RURAL/METRO CORP: Hirings of Advisors Approved
SAGE REALTY: Updated Case Summary & Creditors' Lists
SALON MEDIA: Appoints New Editor-In-Chief
SENTINEL MANAGEMENT: 7th Circ. Revives Row Over BNY's $312MM Claim

SEQUENOM INC: Terminates 75 Employees to Cut Expenses
SOLAR POWER: Incurs $6.8 Million Net Loss in Second Quarter
SOUND SHORE: Can Employ PricewaterhouseCoopers as Auditors
SOUTH FLORIDA SOD: Court OKs Use of Orange Hammock Cash Collateral
SOUTH FLORIDA SOD: Seeks to Obtain $220,000 DIP Financing

SOUTH FLORIDA SOD: Taps Daniel Dempsey as Financial Advisor
STACY'S INC: Sept. 18 Hearing on Ogletree Deakins Employment
STEREOTAXIS INC: Issues 1.2 Million Common Shares
STEREOTAXIS INC: Gets OK to Transfer Listing to NASDAQ Capital
STORY BUILDING: Wins Approval of 4th Amended Reorganization Plan

SUNRISE REAL ESTATE: Posts $1.3 Million Net Income in 2nd Quarter
SYNAGRO TECHNOLOGIES: Second Amended Plan Effective
T-L CHEROKEE SOUTH: Taps Shepard as Accountant for Sole Member
THELEN LLP: Trustee Hits 6 More Ex-Partners With Clawbacks
THEODORO BAKING: Case Summary & 20 Largest Unsecured Creditors

THQ INC: Plans to File Form 15 with SEC
TLO LLC: Files Schedules of Assets and Liabilities
TRANS-LUX CORP: Incurs $723,000 Net Loss in Second Quarter
TRANS ENERGY: Presented at EnerCom's Oil & Gas Conference
TUBE CITY: Moody's Says Privatization Could Be Credit Negative

UNITEK GLOBAL: Files Form 10-K, Incurs 77.7MM Net Loss in 2012
UNIVERSITY GENERAL: Delays Q2 Form 10-Q, Audit Ongoing
UPH HOLDINGS: Has Until Sept. 23 to File Chapter 11 Plan
UTSTARCOM HOLDINGS: Incurs $2.1 Million Net Loss in 2nd Quarter
VAL-TEX ASPHALT: Case Summary & 5 Largest Unsecured Creditors

VELATEL GLOBAL: Incurs $8.8 Million Net Loss in Second Quarter
VERTICAL COMPUTER: Incurs $226,330 Net Loss in 2nd Quarter
VINTAGE CONDOMINIUM: Parkway Bank May Foreclose on Property
WASHINGTON MUTUAL: D&O Insurers Can Appeal Before Case Is Over
WATERSTONE AT PANAMA: Sept. 5 Hearing on Motion to Dismiss Case

WATERSTONE AT PANAMA: Can Extend Disclosure Statement Filing
WESTERN PLAINS: To File Proposal Under Bankruptcy & Insolvency Act
WESTMORELAND COAL: J. Gendell Held 14.9% Equity Stake at Aug. 9
YRC WORLDWIDE: Marc Lasry Held 17.7% Equity Stake at Aug. 7

* BofA Suit Against FDIC on $1.7 Billion Loss Dismissed
* JPMorgan Ordered to Pay Blavatnik $42.5MM over Mortgage Losses
* Law Group Didn't Red-Flag 1031 Buyer's Misdeeds, Jury Hears
* MERS Wins Dismissal of Minnesota Counties' Filings Suit
* Fed Asks Judge to Leave Swipe Fee Rules During Appeal

* Moody's Expects Continued Rates Hike for U.S. P&C Insurers
* S&P Says Municipal Mortgage-Seizure Plan Would Hurt Bond Grades
* Poll Shows Many Small Business Owners Burdened by Debt
* Epiq Systems Closes $400 Million Senior Credit Facility

* Upcoming Meetings, Conferences and Seminars

                            *********

2271 BEACHWOOD: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: 2271 Beachwood Drive, Ltd.
        2271-2281 Beachwood Dr
        Los Angeles, CA 90068

Bankruptcy Case No.: 13-31198

Chapter 11 Petition Date: August 23, 2013

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

Judge: Peter Carroll

Debtor's Counsel: Erikson M. Davis, Esq.
                  LAW OFFICES OF ERIKSON M DAVIS
                  20501 Ventura Blvd. Ste 270
                  Woodland Hills, CA 91364
                  Tel: (818) 206-4253
                  Fax: (800) 756-6561
                  E-mail: erikdavis@att.net

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 Derek Wiseman, president of general
partner.


3PEA INTERNATIONAL: Posts $79,800 Net Income in 2nd Quarter
-----------------------------------------------------------
3PEA International, Inc., reported net income attributable to the
Company of $79,839 on $1.20 million of revenues for the three
months ended June 30, 2013, as compared with net income
attributable to the Company of $1.48 million on $2.54 million of
revenues for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported net
income attributable to the Company of $306,243 on $3.31 million of
revenues, as compared with net income attributable to the Company
of $1.55 million on $4.03 million of revenues for the same period
a year ago.

The Company's balance sheet at June 30, 2013, showed $6.60 million
in total assets, $6.80 million in total liabilities and a $197,629
total stockholders' deficit.

"We are pleased with this quarter's financial performance despite
the impact on our revenues due to the cyclical nature of our card
programs," said Arthur De Joya, chief financial officer of 3PEA
International.

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

                         http://is.gd/YAK9ox

                      About 3Pea International

Henderson, Nev.-based 3Pea International, Inc., is a transaction-
based solutions provider.  3PEA through its wholly owned
subsidiary 3PEA Technologies, Inc., focuses on delivering reliable
and secure payment solutions to help healthcare companies,
pharmaceutical companies and payers businesses succeed in an
increasingly complex marketplace.

After auditing the financial statements for year ended Dec. 31,
2011, Sarna & Company, in Thousand Oaks, California, noted that
the Company has suffered recurring losses from operations, which
raise substantial doubt about its ability to continue as a going
concern.

3Pea International reported net income attributable to the
Company of $1.81 million on $6.70 million of revenue for the year
ended Dec. 31, 2012, as compared with net income attributable to
the Company of $215,291 on $3.30 million of revenue for the year
ended Dec. 31, 2011.


4LICENSING CORP: Incurs $979,000 Net Loss in Second Quarter
-----------------------------------------------------------
4Licensing Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report for the period ended June 30,
2013, disclosing a net loss attributable to the Company of
$979,000 on $236,000 of total net revenues, as compared with a net
loss attributable to the Company of $6.18 million on $1.48 million
of total net revenues for the same period last year.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to the Company of $1.91 million on $493,000 of
total revenues, as compared with a net loss attributable to the
Company of $2.16 million on $2.74 million of total net revenues
for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $5.07 million
in total assets, $3.12 million in total liabilities and $1.95
million in total equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/45kSoH

                     About 4Licensing Corporation

4Licensing Corporation, formerly 4Kids Entertainment, Inc., is a
licensing company specializing in the youth oriented market.
Through its subsidiaries, 4LC licenses merchandising rights to
popular children's television series, properties and product
concepts, builds up brands through licensing, develops ideas and
concepts for licensing and plans to forge new license
relationships in the sports licensing industry and develop private
label goods that will be sold to retail or directly to consumers.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC serves as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.

As reported by the TCR on Dec. 17, 2012, U.S. Bankruptcy
Judge Shelley C. Chapman confirmed the Debtor's Chapter 11 plan.

4Licensing Corporation disclosed net income of $9.54 million on
$3.32 million of total net revenues for the year ended Dec. 31,
2012, as compared with a net loss of $17.08 million on $8.07
million of total net revenues in 2011.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  "[T]he Company emerged from Chapter 11
bankruptcy proceedings on December 21, 2012.  However, the Company
has suffered recurring losses from operations, and the continuing
costs in connection with its bankruptcy cases, and potential
settlement of the remaining material unresolved claims may have
adverse impact on the Company's liquidity.  The above conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


501 GRANT: Dec. 19 Hearing to Confirm Third Amended Plan
--------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
according to 501 Grant Street Partners, LLC's case docket, lodged
an order approving and requiring the Debtor to file by Aug. 30,
2013, a final version of the Amended Disclosure Statement
explaining its Chapter 11 Plan.

The Court will consider confirmation of the Plan on Dec. 19, at
10 a.m.  Ballots accepting or rejecting the Plan are due Nov. 22;
and ballot tally and confirmation memo is due Dec. 10.

According to the Third Amended Disclosure Statement describing
Plan of Reorganization dated March 15, 2013, the Plan provides
that 100 percent of the equity in the Debtor will be sold to a
special purpose entity to be formed by Clarity Realty Partners
LLC, a third-party investor.  The Investor has agreed to invest
$18.23 million to be used to fund certain payments under the Plan,
well as a significant amount of capital expenditures and tenant
improvements to significantly increase the value of the property
and the amount of rental revenue to be generated by the property
in the short term.  Upon the confirmation of the Plan, the
Debtor's membership interests will be transferred to the investor.

Upon funding of the Plan, (a) the Debtor's secured obligation to
SA Challenger, Inc. will be reduced to the current value of the
property, restructured and repaid over time at market terms; (b)
the Debtor's secured tax obligation, to the extent it remains
outstanding, will be paid in full following the Effective Date of
the Plan; (c) the Debtor's alleged mechanics lien holder(s) will
either be paid in full with interest, if the lien is valid, or
otherwise receive the same treatment as the Debtor's general
unsecured creditors; (d) the Debtor's priority tax claim will be
paid in full on the Effective Date of the Plan; and (e) the
Debtor's unsecured creditors, including the lender's deficiency
claim, will receive each creditor's pro rata share of $3,150,000
payable in 13 quarterly payments after the Effective Date of the
Plan.

A copy of the Third Amended Disclosure Statement is available for
free at http://bankrupt.com/misc/501_GRANT_3amended.pdf

David B. Golubchik, Esq. -- dbg@lnbyb.com -- at Levene, Neale,
Bender, Yoo & Brill L.L.P., in Los Angeles, California, filed the
Disclosure Statement on behalf of the Debtor.

In a separate filing, the Debtor replied to SA Challenger's notice
of non-compliance with Court order and supplemental objection to
its Second Amended Disclosure Statement, stating that, among other
things:

   1. denial of the Disclosure Statement is unnecessary and
      inequitable not only for the Debtor, but also for the other
      creditors of the estate, who will receive substantial
      distributions upon Plan confirmation; and

   2. as of Aug. 13, the Debtor filed all outstanding Monthly
      Operating Reports, and on Aug. 14, the Debtor paid all
      outstanding quarterly fees.  As a result, the Debtor has
      cured the deficiencies and is in compliance with the
      requirements of the U.S. Trustee.

                        About 501 Grant

An involuntary Chapter 11 bankruptcy petition was filed against
501 Grant Street Partners LLC, based in Woodland Hills, California
(Bankr. C.D. Cal. Case No. 12-20066) on Nov. 14, 2012.

501 Grant Street Partners owns the Union Trust Building in
downtown Pittsburgh, Pennsylvania.  It sought Chapter 11
protection (Bankr. W.D. Pa. Case No. 12-23890) on Aug. 3, 2012, to
avert a sheriff sale of the building.  The August petition
estimated under $50,000 in both assets and debts.  In November
2012, U.S. Bankruptcy Judge Judith K. Fitzgerald dismissed 501
Grant Street Partners' Chapter 11 petition, paving for the sheriff
sale of the Union Trust Building on Jan. 7, 2013.

SA Challenger Inc., which acquired interest in the building's
mortgage by U.S. Bank, has sought to foreclose on the Debtor's
property.  SA Challenger is seeking to collect $41.4 million.
Earlier in November, at the lender's request, Judge Ward appointed
the real estate firm CBRE to serve as receiver for the building,
overseeing its operation and management until the sheriff sale
takes place.

The bankruptcy judge approved an involuntary Chapter 11 petition
for 501 Grant, entering an order for relief on Dec. 13, 2012.  The
petitioning creditors are Allied Barton Security Services LLC,
owed $960 for security services; Cost Company LP, $5,900 owed for
masonry work; and MSA Systems Integration Inc., owed $2,401 for
unpaid invoice.  Malhar S. Pagay, Esq., at Pachulski Stang Ziehl &
Jones LLP, represents the petitioning creditors.

Attorneys at Levene, Neale, Bender, Yoo & Brill LLP, in Los
Angeles, Calif., represent the Debtor in the involuntary Chapter
11 proceeding.


78 FIRST STREET: James S. Lowe II Appointed as Chapter 11 Trustee
-----------------------------------------------------------------
August B. Landis, Acting United States Trustee for Region 17,
sought and obtained permission from the U.S. Bankruptcy Court to
appoint James S. Lowe II as trustee in the bankruptcy cases of 78
First Street, LLC et al.

To the best of the U.S. Trustee's knowledge, James S. Lowe II as
trustee is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

Attorneys for Acting United States Trustee can be reached at:

         Barbara A. Matthews, Esq.
         Assistant U.S. Trustee
         Matthew R. Kretzer, Esq.
         Trial Attorney
         Lynette C. Kelly, Esq.
         Trial Attorney
         U.S. DEPARTMENT OF JUSTICE
         Office of the United States Trustee
         1301 Clay Street, Suite 690N
         Oakland, CA 94612-5231
         E-mail: Matt.R.Kretzer@usdoj.gov
         Tel: (510) 637-3200

The Chapter 11 Trustee may be reached at:

         James S. Lowe II
         Executive's Edge LLC
         P.O. Box 97
         Laton, CA 93242
         Tel: (559) 584-8982
         E-mail: jim@executivesedge.net

                       About 78 First Street

Oakland, California-based 78 First Street, LLC, and various
affiliates filed for Chapter 11 bankruptcy (Bankr. N.D. Calif.
Case No. 11-70224) on Sept. 23, 2011.

Debtor-affiliates that simultaneously sought Chapter 11 protection
are 88 First Street LLC and 518 Mission LLC (Case Nos. 11-70228
and 11-70229) and First/Jessie LLC, JP Capital LLC, Peninsula
Towers LLC, and Sixty-Two First Street LLC (Case Nos. 11-70231 to
11-70234).

Judge Roger L. Efremsky oversees the case, taking over from Judge
Edward D. Jellen.  Iain A. MacDonald, Esq., at MacDonald and
Associates, serves as the Debtors' counsel.  78 First Street
estimated $10 million to $50 million in assets and debts.  The
petition was signed by Graham Seel, SVP of CMR Capital, LLC,
manager.


ACCENTIA BIOPHARMACEUTICALS: Delays Q2 10-Q for Lack of Funds
-------------------------------------------------------------
Due to Accentia Biopharmaceuticals, Inc.'s lack of operating funds
and decrease in personnel, the Company was unable to complete and
timely file its quarterly report on Form 10-Q for period ended
June 30, 2013, due on Aug. 14, 2013.

                  About Accentia Biopharmaceuticals

Headquartered in Tampa, Florida, Accentia Biopharmaceuticals, Inc.
(PINK: "ABPI") -- http://www.Accentia.net/-- is a biotechnology
company that is developing Revimmune as a system of care for the
treatment of autoimmune diseases.  Through subsidiary, Biovest
International, Inc., it is developing BiovaxID as a therapeutic
cancer vaccine for treatment of follicular non-Hodgkin's lymphoma
(FL) and mantle cell lymphoma (MCL).  Through subsidiary,
Analytica International, Inc., it conducts a health economics
research and consulting business, which it market to the
pharmaceutical and biotechnology industries, using its operating
cash flow to support its corporate administration and product
development activities.

Accentia BioPharmaceuticals and nine affiliates filed for
Chapter 11 protection (Bankr. M.D. Fla. Lead Case No. 08-17795) on
Nov. 10, 2008.  Accentia emerged from bankruptcy on Nov. 17, 2012,
after receiving confirmation of a reorganization plan on Nov. 2,
2010.

The Company incurred a net loss of $9.18 million for the year
ended Sept. 30, 2012, compared with a net loss of $15.65 million
during the prior year.

The Company's balance sheet at Dec. 31, 2012, showed $2.81 million
in total assets, $89.21 million in total liabilities, and a
$86.39 million total stockholders' deficit.


AFFYMAX INC: Hires TBG to Lead Restructuring
--------------------------------------------
The Brenner Group, Inc., was retained by the Board of Directors of
Affymax, Inc., to lead the Company through a necessary
restructuring in the face of the OMONTYS recall.  The
restructuring was designed to reduce the Company's footprint,
manage and settle its many creditor obligations, and preserve its
cash in order for the remaining entity to continue to survive
while the OMONTYS investigation continues under the direction of
Takeda.  The restructuring has largely been completed.  TBG is
managing the affairs of the surviving operation, and will continue
to oversee the operations of the company while it awaits the
outcome of the investigation and the resultant decision on the
future of the drug, if any.

"Prospects for the company are highly uncertain, are dependent on
Takeda, and even though TBG does not intend to ever have its
clients file for bankruptcy protection, there can be no assurance
that the Company will continue as a going concern or otherwise be
able to avoid bankruptcy or dissolution," the Company said in a
regulatory filing with the U.S. Securities and Exchange
Commission.

                           About Affymax

Affymax, Inc. (Nasdaq: AFFY) is a biopharmaceutical company based
in Palo Alto, California.  In March 2012, the U.S. Food and Drug
Administration approved the Company's first and only product,
OMONTYS(R) (peginesatide) Injection for the treatment of anemia
due to chronic kidney disease in adult patients on dialysis.
OMONTYS is a synthetic, peptide-based erythropoiesis stimulating
agent, or ESA, designed to stimulate production of red blood cells
and has been the only once-monthly ESA available to the adult
dialysis patient population in the U.S.  The Company co-
commercialized OMONTYS with its collaboration partner, Takeda
Pharmaceutical Company Limited, or Takeda during 2012 until
February 2013, when the Company and Takeda announced a nationwide
voluntary recall of OMONTYS as a result of safety concerns.

As of June 30, 2013, the Company had $20.91 million in total
assets, $20.58 million in total liabilities and $325,000 in total
stockholders' equity.

                        Bankruptcy Warning

"Our operations have consumed substantial amounts of cash since
our inception.  As a result of the February 23, 2013 nationwide
voluntary recall of OMONTYS and the suspension of all marketing
activities, there is significant uncertainty as to whether we will
have sufficient existing cash, cash equivalents and investments to
fund our operations for the next 12 months.

"Our liabilities exceed our assets.  While we continue to reduce
cash outflows, there is no assurance that we have sufficient
resources remaining to meet existing and future obligations in a
timely manner.  If Takeda is unable to reintroduce the product or
we are unable to obtain additional funding in the near future, our
cash resources will rapidly be depleted and we will be required to
further reduce or suspend operations, which would likely have a
material adverse effect on our business, stock price and our
relationships with third parties with whom we have business
relationships, at least until additional funding is obtained.  If
we do not have sufficient funds to continue operations, we could
be required to liquidate our assets, seek bankruptcy protection or
other alternatives, and it is likely that investors will lose all
or some of their investment in us," the Company said in the Form
10-Q for the period ended June 30, 2013.


ALASKA COMMUNICATIONS: S&P Affirms 'B+' Corp. Credit Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on diversified telecommunications carrier Alaska
Communications Systems Group Inc. (ACS) and revised the outlook to
stable from negative.

"The outlook revision reflects our view that debt to EBITDA
including our adjustments will remain between 4x and 5x over the
next few years, given stable cash flows from anticipated AWN
distributions through mid-2017, which we include in our EBITDA and
free operating cash flow calculations," said Standard & Poor's
credit analyst Michael Weinstein.  With the ACS board electing to
suspend the common stock dividend, we believe ACS will use about
half of the proceeds from AWN distributions to pay down debt over
the next two years, which will keep leverage at a level that is
supportive of the 'B+' corporate credit rating.

The ratings on Anchorage-based ACS reflect Standard & Poor's
Ratings Services' view of the company's "weak" business risk
profile and "aggressive" financial risk profile.  The rating
incorporates significant competitive pressure in the company's
core wireline and wireless businesses, expected revenue losses due
to reductions in regulatory support and roaming revenues, market
concentration, and high leverage.  A positive factor in S&P's
business and financial risk analysis is the company's AWN joint
venture with GCI, which S&P expects to provide a steady cash flow
stream to ACS through mid-2017.  Other factors include ACS'
position as the largest incumbent local exchange carrier (ILEC) in
Alaska, and potential for growth in broadband revenues and
business services to offset the secular decline in the core
residential wireline business.  Under the AWN venture, both
companies will combine their wireless networks, with each company
maintaining independent retail wireless operations.  The
arrangement brings to ACS fairly predictable future cash flows as
it has a priority position over partner GCI with respect to
distributions in the first four years of the venture.  S&P also
expects ACS to reduce leverage with about half of these cash
dividends.  In its second-quarter earnings call, ACS announced
that it used $65 million of the initial $100 million payment from
GCI to pay down debt.

The stable outlook reflects S&P's view that leverage will remain
between 4x and 5x over the next few years, given the anticipated
AWN distributions, and its expectation for substantial debt
repayments.

S&P could lower the ratings if business pressures diminish ACS'
cash flow generation and its ability to reduce leverage despite
the AWN venture.  This could occur from poor performance, leading
wireline EBITDA margins to decline to the lower-20% area with no
prospects for improvement, leading to substantial cash outflows
excluding the AWN dividend, with leverage sustained above 5x.

S&P considers an upgrade unlikely over the next year given its
business risk assessment of "weak" and the limited amount of
deleveraging it expects to occur from the AWN dividends.  Given
S&P's business risk assessment, an upgrade would likely require
leverage sustained at or below the mid-3x area, and evidence of
continued stable revenue and profitability trends.  S&P would also
monitor performance of the AWN venture to assess prospects for
ACS's distributions beyond the initial four-year fixed payment
period.


AMARU INC: Incurs $360,700 Net Loss in First Quarter
----------------------------------------------------
Amaru, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
March 31, 2013, disclosing a net loss attributable to common
stockholders of $360,786 on $6,910 of revenues, as compared with a
net loss attributable to common stockholders of $146,355 on $2,359
of revenues for the same period during the prior year.

The Company's balance sheet at March 31, 2013, showed $2.35
million in total assets, $3.54 million in total liabilities and a
$1.18 million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                       http://is.gd/qnTQpx

                     Amends Q2 2012 Form 10-Q

The Company has amended its quarterly report for the period ended
June 30, 2012.  The restated statements of operations reflect a
loss from operations of $242,588 on $754 of revenues for the three
months ended June 30, 2013, as compared with a loss from
operations of $242,576 on $754 of total revenue as originally
reported.

The Company's restated balance sheet at June 30, 2012, showed
$2.69 million in total assets, $3.85 million in total liabilities
and a $1.15 million total stockholders' deficit.  The Company
previously reported $2.89 million in total assets, $3.39 million
in total liabilities and a $498,118 total stockholders' deficit.

A copy of the amended Form 10-Q is available for free at:

                        http://is.gd/H1NGGT

                         About Amaru Inc.

Singapore-based Amaru, Inc., a Nevada corporation, is in the
business of broadband entertainment-on-demand, streaming via
computers, television sets, PDAs (Personal Digital Assistant) and
the provision of broadband services.  The Company's business
includes channel and program sponsorship (advertising and
branding); online subscriptions, channel/portal development
(digital programming services); content aggregation and
syndication, broadband consulting services, broadband hosting and
streaming services and E-commerce.

Amaru, Inc., disclosed net income of $102,353 on $19,012 of
revenues for the year ended Dec. 31, 2012, as compared with a net
loss of $1.89 million on $4,462 of revenues for the year ended
Dec. 31, 2011.

Wei, Wei & Co., LLP, in Flushing, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has sustained accumulated losses from operations
totaling $41,220,399 and $41,322,752 at Dec. 31, 2012, and 2011,
respectively, the Company's continued losses from operations and
the difficulty it has had in raising adequate additional
financing.  These conditions and the Company's lack of significant
revenue, raise substantial doubt about the Company's ability to
continue as going concern.


AMARU INC: Incurs $197,000 Net Loss in Second Quarter
-----------------------------------------------------
Amaru, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2013, disclosing a net loss attributable to common
stockholders of $197,068 on $7,040 of revenues, as compared with
net income attributable to common stockholders of $35,231 on $754
of revenues for the same period a year ago.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to common stockholders of $557,855 on $13,950 of
revenues, as compared with a net loss attributable to common
stockholders of $181,726 on $3,113 of revenues for the same period
during the prior year.

The Company's balance sheet at June 30, 2013, showed $1.86 million
in total assets, $3.28 million in total liabilities and a $1.42
million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/f5fA0d

                          About Amaru Inc.

Singapore-based Amaru, Inc., a Nevada corporation, is in the
business of broadband entertainment-on-demand, streaming via
computers, television sets, PDAs (Personal Digital Assistant) and
the provision of broadband services.  The Company's business
includes channel and program sponsorship (advertising and
branding); online subscriptions, channel/portal development
(digital programming services); content aggregation and
syndication, broadband consulting services, broadband hosting and
streaming services and E-commerce.

Wei, Wei & Co., LLP, in Flushing, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has sustained accumulated losses from operations
totaling $41,220,399 and $41,322,752 at Dec. 31, 2012, and 2011,
respectively, the Company's continued losses from operations and
the difficulty it has had in raising adequate additional
financing.  These conditions and the Company's lack of significant
revenue, raise substantial doubt about the Company's ability to
continue as going concern.


AMERICAN AIRLINES: TWUA Asks Court to Delay Hearing on Lease
------------------------------------------------------------
The Transport Workers Union of America asked the U.S. Bankruptcy
Court in Manhattan to delay the hearing on American Airlines
Inc.'s bid to assign to AFW Solutions LLC a lease of its aircraft
maintenance facility at Fort Worth Alliance Airport.

TWUA said the terms of the proposed assignment violate its labor
contract with the carrier, and are the subject of a grievance
case filed by the union on August 12.

The terms of the proposed assignment only require AFW Solutions
to comply with the labor contract for six months although the
contract mandates the employment of workers at the maintenance
facility until September 2018, the union said in a court filing.

TWUA wants the September 24 hearing postponed until the panel
hearing the grievance case renders a decision on the case.

American Airlines on August 14 filed a motion seeking court
approval of an agreement to assume and assign several contracts
including the facility lease to AFW Solutions.

Under the deal, AFW Solutions agreed to pay $9.75 million to the
carrier for the leased properties, which include 200 acres of
land and 1.8 million square feet of improvements at the Fort
Worth airport.  As part of the deal, American Airlines will
acquire some of the equipment and fixtures it leases at the
maintenance facility for $1.5 million, according to court
filings.

                       About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.  AMR, previously the world's largest airline prior to
mergers by other airlines, is the last of the so-called U.S.
legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMERICAN AIRLINES: Grant Thornton to Provide Add'l Services
-----------------------------------------------------------
AMR Corp. asked the U.S. Bankruptcy Court in Manhattan to
authorize its consultant Grant Thornton LLP to provide additional
services.

The new services involve a preparation of Grant Thornton's
estimate of the value of marketing activities related to the
AAdvantage(R) program.

The firm's valuation analysis includes marketing activities like
physical placement at American Airlines locations in airports;
placement on the carrier's website; access to the AAdvantage(R)
member's database; and use of the American Airlines brand name.

A court hearing is scheduled for September 12.  Objections are
due by September 5.

                       About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.  AMR, previously the world's largest airline prior to
mergers by other airlines, is the last of the so-called U.S.
legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.  The deal is
subject to clearance by U.S. and foreign regulators and by the
bankruptcy judge overseeing AMR's bankruptcy case.

In April 2013, AMR filed a Chapter 11 plan of reorganization that
will carry out the merger.  By distributing stock in the merged
airlines, the plan is designed to pay all creditors in full, with
interest.

Bankruptcy Creditors' Service, Inc., publishes AMERICAN AIRLINES
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by AMR Corp. and its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


AMERICAN MEDIA: Posts $765,000 Net Income in June 30 Quarter
------------------------------------------------------------
American Media, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2013, disclosing net income of $765,000 on $90.39 million
of total operating revenue, as compared with a net loss of $1.25
million on $87.22 million of total operating revenues for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $593.16
million in total assets, $667.12 million in total liabilities, $3
million in redeemable noncontrolling interest and a $76.95 million
total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/nsr1gh

                        About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., the country's #1 in-store magazine
merchandising company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan. The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

American Media incurred a net loss of $55.54 million on $348.52
million of total operating revenues for the fiscal year ended
March 31, 2013, as compared with net income of $22.29 million on
$386.61 million of total operating revenues for the fiscal year
ended March 31, 2012.

                           *     *     *

As reported by the TCR on Jan. 22, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Boca Raton, Fla.-
based American Media Inc. to 'CCC+ ' from 'B-'.

"The downgrade conveys our expectation that continued declines in
circulation and advertising revenues will outweigh the company's
cost reductions, resulting in deteriorating operating performance,
rising debt leverage, and thinning discretionary cash flow," said
Standard & Poor's credit analyst Hal Diamond.


ANCHOR BANCORP: Plan Disclosures & Confirmation Hearing on Aug. 30
------------------------------------------------------------------
Judge Robert D. Martin of the U.S. Bankruptcy Court for the
Western District of Wisconsin entered an order scheduling the
combined hearing at which time the Court will consider, among
other things, the adequacy of the Disclosure Statement and
confirmation of the Plan of Anchor Bancorp Wisconsin Inc. on
Aug. 30, 2013 at 9:00 a.m., prevailing Central Time.  Any
objections to the approval of the Disclosure Statement or
confirmation of the Plan must be filed on or before Aug. 27.

As previously reported by The Troubled Company Reporter, the
Debtor sought protection under Chapter 11 of the Bankruptcy Code
to implement a "pre-packaged" plan of reorganization in order to
facilitate the restructuring of the Company and the
recapitalization of AnchorBank, fsb, a wholly-owned subsidiary of
the Debtor.

In July, the Federal Reserve System, the successor regulator to
the Office of Thrift Supervision, denied approval of further
extension of the maturity date and related amendments under Anchor
Bancorp's credit agreement with a group of lenders led by U.S.
Bank National Association.  The loan matured June 30.

Prior to the Petition Date, the Company obtained the consents of
U.S. Bank National Association and Bank of America, N.A., as
senior secured creditors of the Company, and the consent of the
United States Department of the Treasury, as sole preferred
stockholder of the Company, to vote for and accept the Plan of
Reorganization.

In connection with the Plan, the Company has entered into
definitive stock purchase agreements with institutional and other
private investors as part of a $175 million recapitalization of
the institution.  No new investor will own in excess of 9.9
percent of the common equity of the recapitalized Holding Company.

The reorganization filing includes only Anchor BanCorp, the
holding company for the Bank, allowing the Bank to remain outside
of bankruptcy and to continue normal operations.  The Bank
operates 55 offices throughout Wisconsin.  Operations at the Bank
will continue as usual throughout the reorganization process.

Pursuant to the plan of reorganization, the Holding Company will
discharge its senior secured credit facility with approximately
$183 million in outstanding obligations for a cash payment of $49
million.  In addition, the Holding Company's TARP preferred
securities with an aggregate liquidation preference and deferred
dividends of approximately $139 million will be cancelled in
exchange for new common equity that will represent approximately
3.3 percent of the pro forma equity of the reorganized Holding
Company.  The new equity investors will represent in the aggregate
approximately 96.7 percent of the pro forma equity of the
reorganized Holding Company.  The shares of common stock of the
Holding Company currently outstanding will be cancelled for no
consideration pursuant to the plan of reorganization.

Consummation of the reorganization and recapitalization is subject
to certain conditions, including bankruptcy court approval of the
plan of reorganization, receipt of all required regulatory
approvals and closing of the capital raise, including satisfaction
of the conditions contained in the subscription agreements for the
new common equity.  The reorganization process is expected to be
completed within 45-90 days.

Small investors David A. Richmond and Janice A. Richmond wrote to
the Court to object to the prepackaged Plan, complaining that they
would lose their stake in the Debtor as its current stock will no
longer exist if the Plan is confirmed.

                  Schedules Filing Date Extended

Due to the prepackaged Plan, Judge Martin extended the time by
which the Debtor may file its schedules of assets and liabilities
and statement of financial affairs and the time to convene a
meeting of creditors pursuant to Section 341(a) of the Bankruptcy
Code.

If the Court confirms a plan but the Debtor fails to consummate
the plan by Oct. 31, 2013, then, the parties will treat the
Consummation Deadline as the Petition Date for purposes of
calculating the deadline for filing Schedules and Statements and
scheduling the Section 341 Meeting.  In addition, then the Debtor
will be required to file all usual monthly operating reports,
beginning with the report for August of 2013 being filed within 15
days of the Consummation Deadline.

                        About Anchor Bancorp

Madison, Wisconsin-based Anchor BanCorp Wisconsin Inc. sought
protection under Chapter 11 of the Bankruptcy Code on Aug. 12,
2013 (Case No. 13-14003, Bankr. W.D. Wis.) to implement a "pre-
packaged" plan of reorganization in order to facilitate the
restructuring of the Company and the recapitalization of
AnchorBank, fsb, a wholly-owned subsidiary of the Company.

As of March 31, 2013, the Debtor listed total assets of
$2,367,583,000 and total liabilities of $2,427,447,000.  Chief
Judge Robert D. Martin oversees the Chapter 11 case.  The Debtor
is represented by Kerkman Dunn Sweet DeMarb as lead bankruptcy
counsel and Skadden, Arps, Slate, Meagher & Flom LLP, as special
counsel.  CohnReznick LLP serves as the Debtor's financial
advisor.

Anchor BanCorp is a registered savings and loan holding company
incorporated under the laws of the State of Wisconsin.  The
Company is engaged in the savings and loan business through its
wholly owned banking subsidiary, AnchorBank, fsb.

Anchor BanCorp and its wholly-owned subsidiaries, AnchorBank FSB,
each consented to the issuance of an Order to Cease and Desist by
the Office of Thrift Supervision.  The Corporation and the Bank
continue to diligently work with their financial and professional
advisors in seeking qualified sources of outside capital, and in
achieving compliance with the requirements of the Orders.

In connection with the Plan, the Company has entered into
definitive stock purchase agreements with institutional and other
private investors as part of a $175 million recapitalization of
the institution.  No new investor will own in excess of 9.9
percent of the common equity of the recapitalized Holding Company.

The reorganization filing includes only Anchor BanCorp, the
holding company for the Bank, allowing the Bank to remain outside
of bankruptcy and to continue normal operations.  The Bank
operates 55 offices throughout Wisconsin.  Operations at the Bank
will continue as usual throughout the reorganization process.


ANCHOR BANCORP: Seeks to Employ Kerkman Dunn as General Counsel
---------------------------------------------------------------
Anchor Bancorp Wisconsin Inc. seeks authority from the U.S.
Bankruptcy Court for the Western District of Wisconsin to employ
Kerkman Dunn Sweet DeMarb as general counsel.

Professionals will take an active role in representing the Debtor
and their customary hourly rates are:

   James D. Sweet, Esq.           $515
   Rebecca R. DeMarb, Esq.        $400
   Jerome Kerkman, Esq.           $400
   Justin M. Mertz, Esq.          $275
   Laura D. Steele, Esq.          $255
   Greg Schrieber, Esq.           $255

Non-attorney paraprofessionals will be paid $150 to $185 per hour.
The firm will also be reimbursed its necessary out-of-pocket
expenses.

Ms. DeMarb -- rdemarb@kerkmandunn.com -- assures the Court that
her firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.  A total
prepetition advanced fee deposit of $110,000 was paid to the firm.

                        About Anchor Bancorp

Madison, Wisconsin-based Anchor BanCorp Wisconsin Inc. sought
protection under Chapter 11 of the Bankruptcy Code on Aug. 12,
2013 (Case No. 13-14003, Bankr. W.D. Wis.) to implement a "pre-
packaged" plan of reorganization in order to facilitate the
restructuring of the Company and the recapitalization of
AnchorBank, fsb, a wholly-owned subsidiary of the Company.

As of March 31, 2013, the Debtor listed total assets of
$2,367,583,000 and total liabilities of $2,427,447,000.  Chief
Judge Robert D. Martin oversees the Chapter 11 case.  The Debtor
is represented by Kerkman Dunn Sweet DeMarb as counsel.

Anchor BanCorp is a registered savings and loan holding company
incorporated under the laws of the State of Wisconsin.  The
Company is engaged in the savings and loan business through its
wholly owned banking subsidiary, AnchorBank, fsb.

Anchor BanCorp and its wholly-owned subsidiaries, AnchorBank FSB,
each consented to the issuance of an Order to Cease and Desist by
the Office of Thrift Supervision.  The Corporation and the Bank
continue to diligently work with their financial and professional
advisors in seeking qualified sources of outside capital, and in
achieving compliance with the requirements of the Orders.

In connection with the Plan, the Company has entered into
definitive stock purchase agreements with institutional and other
private investors as part of a $175 million recapitalization of
the institution.  No new investor will own in excess of 9.9
percent of the common equity of the recapitalized Holding Company.

The reorganization filing includes only Anchor BanCorp, the
holding company for the Bank, allowing the Bank to remain outside
of bankruptcy and to continue normal operations.  The Bank
operates 55 offices throughout Wisconsin.  Operations at the Bank
will continue as usual throughout the reorganization process.


ANCHOR BANCORP: Seeks to Employ Skadden Arps as Special Counsel
---------------------------------------------------------------
Anchor Bancorp Wisconsin Inc. seeks authority from the U.S.
Bankruptcy Court for the Western District of Wisconsin to employ
Skadden, Arps, Slate, Meagher & Flom LLP, as its special counsel
to, among other things, advise the Debtor with respect to the $175
million in new equity investments and the up to $30 million in
debt financing contemplated by the prepackaged plan of
reorganization.

The firm will be paid the following hourly rates:

   Partners         $840 to $1,220
   Counsel          $845 to $930
   Associates       $365 to $795

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Van C. Durrer, Esq. -- van.durrer@skadden.com -- assures the Court
that his firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtor and its estate.  In the one-
year period prior to the Petition Date, the Debtor paid the firm a
total of $2,370,651 for its services.  The firm was also paid a
retainer in the amount of $250,000.  As of the Petition Date, the
firm had approximately $175,000 remaining in the retainer.

Ramon M. Naguiat, Esq. -- ramon.naguiat@skadden.com -- and Annie
Li, Esq. -- annie.li@skadden.com -- at Skadden, are also
anticipated to take primary roles in representing the Debtor.

                        About Anchor Bancorp

Madison, Wisconsin-based Anchor BanCorp Wisconsin Inc. sought
protection under Chapter 11 of the Bankruptcy Code on Aug. 12,
2013 (Case No. 13-14003, Bankr. W.D. Wis.) to implement a "pre-
packaged" plan of reorganization in order to facilitate the
restructuring of the Company and the recapitalization of
AnchorBank, fsb, a wholly-owned subsidiary of the Company.

As of March 31, 2013, the Debtor listed total assets of
$2,367,583,000 and total liabilities of $2,427,447,000.  Chief
Judge Robert D. Martin oversees the Chapter 11 case.  The Debtor
is represented by Kerkman Dunn Sweet DeMarb as counsel.

Anchor BanCorp is a registered savings and loan holding company
incorporated under the laws of the State of Wisconsin.  The
Company is engaged in the savings and loan business through its
wholly owned banking subsidiary, AnchorBank, fsb.

Anchor BanCorp and its wholly-owned subsidiaries, AnchorBank FSB,
each consented to the issuance of an Order to Cease and Desist by
the Office of Thrift Supervision.  The Corporation and the Bank
continue to diligently work with their financial and professional
advisors in seeking qualified sources of outside capital, and in
achieving compliance with the requirements of the Orders.

In connection with the Plan, the Company has entered into
definitive stock purchase agreements with institutional and other
private investors as part of a $175 million recapitalization of
the institution.  No new investor will own in excess of 9.9
percent of the common equity of the recapitalized Holding Company.

The reorganization filing includes only Anchor BanCorp, the
holding company for the Bank, allowing the Bank to remain outside
of bankruptcy and to continue normal operations.  The Bank
operates 55 offices throughout Wisconsin.  Operations at the Bank
will continue as usual throughout the reorganization process.


ANCHOR BANCORP: Wants to Employ CohnReznick as Financial Advisor
----------------------------------------------------------------
Anchor Bancorp Wisconsin Inc. seeks authority from the U.S.
Bankruptcy Court for the Western District of Wisconsin to employ
CohnReznick LLP as its financial advisor to be paid the following
hourly rates:

   Partner/Senior Partner                $585 to $800
   Manager/Senior Manager/Director       $435 to $620
   Other Professional Staff              $275 to $410
   Paraprofessional                         $185

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

The firm assures the Court that it is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.  Prior to the Petition Date, the Debtor paid the firm
retainer of $35,000, of which $16,016 currently remains.

                        About Anchor Bancorp

Madison, Wisconsin-based Anchor BanCorp Wisconsin Inc. sought
protection under Chapter 11 of the Bankruptcy Code on Aug. 12,
2013 (Case No. 13-14003, Bankr. W.D. Wis.) to implement a "pre-
packaged" plan of reorganization in order to facilitate the
restructuring of the Company and the recapitalization of
AnchorBank, fsb, a wholly-owned subsidiary of the Company.

As of March 31, 2013, the Debtor listed total assets of
$2,367,583,000 and total liabilities of $2,427,447,000.  Chief
Judge Robert D. Martin oversees the Chapter 11 case.  The Debtor
is represented by Kerkman Dunn Sweet DeMarb as counsel.

Anchor BanCorp is a registered savings and loan holding company
incorporated under the laws of the State of Wisconsin.  The
Company is engaged in the savings and loan business through its
wholly owned banking subsidiary, AnchorBank, fsb.

Anchor BanCorp and its wholly-owned subsidiaries, AnchorBank FSB,
each consented to the issuance of an Order to Cease and Desist by
the Office of Thrift Supervision.  The Corporation and the Bank
continue to diligently work with their financial and professional
advisors in seeking qualified sources of outside capital, and in
achieving compliance with the requirements of the Orders.

In connection with the Plan, the Company has entered into
definitive stock purchase agreements with institutional and other
private investors as part of a $175 million recapitalization of
the institution.  No new investor will own in excess of 9.9
percent of the common equity of the recapitalized Holding Company.

The reorganization filing includes only Anchor BanCorp, the
holding company for the Bank, allowing the Bank to remain outside
of bankruptcy and to continue normal operations.  The Bank
operates 55 offices throughout Wisconsin.  Operations at the Bank
will continue as usual throughout the reorganization process.


ANGLO IRISH: Voluntary Chapter 15 Case Summary
----------------------------------------------
Chapter 15 Debtor: Irish Bank Resolution Corporation Limited
                   (In Special Liquidation)
                     1 Stokes Place
                     St Stephen's Green
                     Dublin 2
                     Ireland
                   aka Anglo Chicago Corporation
                   aka Irish Bank Resolution Corporation Limited
                   aka Anglo Washington
                   aka Anglo Irish Bank Boston LLC
                   aka Anglo Irish Wealth Management
                   aka IBRC Limited
                   aka Anglo New York Corporation
                   aka Anglo Irish Bank New York Corporation
                   aka Anglo Irish Bank Corporation plc
                   aka Anglo Boston
                   aka Anglo Irish New York
                   aka Anglo Irish Boston
                   aka Anglo Irish Bank Boston Corporation
                   aka Anglo Irish Private Banking
                   aka IBRC Boston Corporation
                   aka Anglo Irish Bank Boston
                   aka Anglo Irish Bank Washington
                   aka IBRC New York Corporation
                   aka Anglo Irish Bank Limited
                   aka IBRC Chicago Corporation
                   aka Irish Bank Resolution Corporation
                   aka Anglo Irish Bank New York
                   aka Anglo Irish Bank plc
                   aka Anglo Irish Bank Chicago Corporation
                   aka Anglo Irish Washington
                   aka IBRC
                   aka Anglo Irish Bank LLC
                   aka Anglo Private Banking
                   aka Anglo Irish Bank Corporation Limited
                   aka Anglo Irish Bank Chicago LLC
                   aka Irish Nationwide Building Society
                   aka Anglo Irish Bank Corporation
                   aka Anglo New York
                   aka Anglo Irish Bank
                   aka Anglo Irish Bank Corporation LLC
                   aka Anglo Irish Bank New York LLC
                   aka Anglo Boston Corporation

Foreign
Representatives:   Kieran Wallace
                   Eamonn Richardson

Bankruptcy Case No.: 13-12159

Chapter 11 Petition Date: August 26, 2013

Court: United States Bankruptcy Court
       District of Delaware

U.S. Counsel:     Mark D. Collins, Esq.
                  Jason M. Madron, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square
                  920 North King Street
                  Wilmington, DE 19801
                  Tel: 302 651-7700
                  Fax: 302-651-7701

Estimated Assets: More than $1 billion

Estimated Liabilities: More than $1 billion


ANTIOCH COMPANY: Court OKs $45,000 Bonus Payments to Employees
--------------------------------------------------------------
The Bankruptcy court entered an order authorizing The Antioch
Company, et al., to pay retention bonuses to certain non-insiders.
Payments will be made upon the earlier of:

   (a) the effective date of any Chapter 11 plan confirmed by the
       Court;

   (b) the date the respective Employee is terminated by the
       Debtors other than for cause;

   (c) the date the Chapter 11 cases are converted to cases under
       Chapter 7 of the Bankruptcy Code;

   (d) the date the Chapter 11 cases are dismissed; or

   (e) Dec. 31, 2013.

If an Employee leaves the Company voluntarily before any such
date, his or his bonus payment will be waived.  The Bonus Payments
will not exceed $45,000.

The Debtors have shared the details of which Employees will
receive what Bonus Payments with the Official Committee of
Unsecured Creditors and the Office of the United States Trustee.
To resolve the U.S. Trustee Objection, the Debtors have modified
the structure of the proposed Bonus Payment to one Employee as
described on the record.  The term "Bonus Payments" as used in
this Order refers to the Bonus Payments as modified to resolve the
U.S. Trustee Objection.

                     About The Antioch Company

St. Cloud, Minn.-based scrapbook company The Antioch Company and
six affiliates filed for Chapter 11 bankruptcy (Bankr. D. Minn.
Case No. 13-41898) in Minneapolis on April 16, 2013.  Antioch
disclosed $10 million to $50 million in both assets and debts.

The affiliates that separate filed for Chapter 11 are Antioch
International-Canada LLC, Antioch International LLC, zeBlooms LLC,
Antioch Framers Supply LLC, Antioch International-New Zealand LLC,
and Creative Memories Puerto Rico, LLC.

Founded in 1926, Antioch and its affiliates make up one of the
world's preeminent suppliers of scrapbooks, related accessories,
and photo solutions for memory preservation through the direct
sales channel.  The Debtors also go by business names Creative
Memories, Antioch, Agenda, Antioch Publishing, Cottage Arts, Frame
of Mind and Webway.

Antioch has 200 employees and currently has operations through the
Debtor companies and foreign subsidiaries in the United States,
Canada, Japan, Australia, and New Zealand.  In 2012, the Company's
net revenue was approximately $93.8 million and it had a net loss
of $3.7 million.

Antioch previously sought bankruptcy protection in 2008 (Bankr.
S.D. Ohio Case No. 08-35741).

In the 2013 case, the U.S. Trustee appointed a seven-member
creditors committee.


ANTIOCH COMPANY: Exclusive Deadline to File Plan on Nov. 12
-----------------------------------------------------------
The Bankruptcy Court entered an order extending The Antioch
Company's and the Official Committee of Unsecured Creditors'
exclusive right to file Chapter 11 plans through Nov. 12, 2013;
provided, however, that from Aug. 15, 2013, through Sept. 16,
2013, neither the Debtors nor the Committee will file a plan of
reorganization without the other party's consent.

The Debtors and the Committee will have the exclusive right to
obtain acceptances for any plans filed by either party through and
including Jan. 10, 2014.

The Committee's objection is deemed resolved in accordance with
the terms of the Order.  The U.S. Trustee's objection was
overruled.

                   About The Antioch Company

St. Cloud, Minn.-based scrapbook company The Antioch Company and
six affiliates filed for Chapter 11 bankruptcy (Bankr. D. Minn.
Case No. 13-41898) in Minneapolis on April 16, 2013.  Antioch
disclosed $10 million to $50 million in both assets and debts.

The affiliates that separate filed for Chapter 11 are Antioch
International-Canada LLC, Antioch International LLC, zeBlooms LLC,
Antioch Framers Supply LLC, Antioch International-New Zealand LLC,
and Creative Memories Puerto Rico, LLC.

Founded in 1926, Antioch and its affiliates make up one of the
world's preeminent suppliers of scrapbooks, related accessories,
and photo solutions for memory preservation through the direct
sales channel.  The Debtors also go by business names Creative
Memories, Antioch, Agenda, Antioch Publishing, Cottage Arts, Frame
of Mind and Webway.

Antioch has 200 employees and currently has operations through the
Debtor companies and foreign subsidiaries in the United States,
Canada, Japan, Australia, and New Zealand. In 2012, the Company's
net revenue was approximately $93.8 million and it had a net loss
of $3.7 million.

Antioch previously sought bankruptcy protection in 2008 (Bankr.
S.D. Ohio Case No. 08-35741).

In the 2013 case, the U.S. Trustee appointed a seven-member
creditors committee.


BATS GLOBAL: S&P Puts 'BB-' ICR on CreditWatch Positive
-------------------------------------------------------
Standard & Poor's Ratings Services said it placed its ratings on
BATS Global Markets Inc., including its 'BB-' issuer credit rating
and 'BB-' issue-level rating on the company's senior secured
first-lien term loan and revolving credit facility, on CreditWatch
with positive implications.

The CreditWatch action follows BATS' announcement that it is
planning to merge with Direct Edge.  "In our view, the combined
company could benefit from stronger market position and potential
cost savings," said Standard & Poor's credit analyst Olga Roman.
"While there is significant overlap between BATS' and Direct
Edge's product offerings and customers, we believe this merger
would significantly increase BATS' market share, enhance the
firm's ability to compete in the U.S. marketplace, and strengthen
the financial risk profile."

BATS is the fourth-largest stock exchange in the U.S. and the
largest pan-European equities trading venue.  With average daily
trading daily volumes in U.S. equities of about 700 million shares
and average daily notional value in European equities of
EUR7.7 billion, BATS had 10.7% market share in U.S. equities and
22.9% market share in European equities as of July 2013.  The
company operates two stock exchanges (BZX and BYX) and an options
market in the U.S., as well as Bats Chi-X Europe.  BZX and BYX
trade listed cash equity securities and exchange-traded products,
but each exchange targets different market segments by offering
pricing alternatives.

Direct Edge is the third-largest stock exchange in the U.S.  The
company develops and operates electronic markets for trading of
cash equity securities listed on other exchanges.  The company
operates two independent exchanges (EDGA and EDGX) that offer
pricing alternatives.  Direct Edge had 10.8% market share as of
July 2013.

A newly formed holding company will acquire both companies.  The
transaction is subject to U.S. antitrust clearance, SEC approval,
Financial Industry Regulatory Authority approval, and U.K.
Financial Conduct Authority approval.

"During the CreditWatch period, we will gather additional
information on the merger, including the companies' integration
plan, expected revenue impact and cost savings, as well as
targeted leverage and capital distributions," said Ms. Roman.

S&P will resolve the CreditWatch status upon the completion of the
merger, which the two companies expect in the first part of 2014,
subject to regulatory approvals.  Alternatively, S&P may resolve
the CreditWatch sooner in the event the merger plans are called
off.  In that case, S&P would reevaluate BATS' creditworthiness as
a stand-alone entity.


BERNARD L. MADOFF: Trustee Inks $98MM Deal With Feeder Fund
-----------------------------------------------------------
Law360 reported that the trustee overseeing the liquidation of
Bernard Madoff's investment firm reached a $98 million deal with
Madoff feeder fund MAXAM Absolute Return Fund LP that allows the
fund a $277 million allowed customer claim against the estate.

According to the report, the suit, launched by trustee Irving H.
Picard as an adversary proceeding in Madoff's bankruptcy, was
filed against MARF and its subsidiaries in 2010 in an effort to
recover allegedly fraudulent transfers it obtained through
Madoff's massive Ponzi scheme.

                      About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has paid 53 percent of customers' claims totaling $17.3
billion.  Mr. Picard has collected about $9.35 billion, not
including an additional $2.2 billion that was forfeit to the
government and likewise will go to customers.  Mr. Picard is
holding more than $4.7 billion he can't distribute on account of
outstanding appeals and disputes, such as the issue of interest on
customers' claims.  The largest holdback, almost $2.8 billion,
results from disputed claims.


BERNARD L. MADOFF: Picard Has $98MM Accord With Maxam Fund
----------------------------------------------------------
Reuters reports that Irving Picard, the trustee overseeing the
Bernard Madoff case, has reached a $98 million settlement with
Maxam Absolute Return Fund, which fed cash into Madoff's Ponzi
scheme.  The deal, disclosed in court papers filed in U.S.
Bankruptcy Court in Manhattan on Monday, followed a series of
other settlements with so-called feeder funds reached by Mr.
Picard.

Accordig to Reuters, the settlement with Maxam returns $97.8
million that the fund had withdrawn from Madoff's firm, according
to court papers.  Maxam in exchange will now have an allowed claim
of nearly $276.7 million in the recovery proceedings.

The deal is subject to bankruptcy court approval.

Reuters notes Maxam had been founded by Sandra Manzke, a former
CEO of Tremont Capital Management Inc, which had also funneled
investor money into Bernard L. Madoff Investment Securities LLC.
In 2011, Picard reached a $1.025 billion settlement with Tremont,
one of the largest Madoff feeder funds.

Reuters relates that Mr. Picard, to date, has recovered or reached
settlements of $9.35 billion.  Total allowed claims by investors
to date are $11.1 billion, according to the trustee's Web site.

The case is Picard v. Maxam Absolute Return Fund LP et al., U.S.
Bankruptcy Court, Southern District of New York, No. 10-ap-05342.

                      About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has paid 53 percent of customers' claims totaling $17.3
billion.  Mr. Picard has collected about $9.35 billion, not
including an additional $2.2 billion that was forfeit to the
government and likewise will go to customers.  Mr. Picard is
holding more than $4.7 billion he can't distribute on account of
outstanding appeals and disputes, such as the issue of interest on
customers' claims.  The largest holdback, almost $2.8 billion,
results from disputed claims.


BIOFUELS POWER: Incurs $299,000 Net Loss in First Half of 2013
--------------------------------------------------------------
Biofuels Power Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $299,367 on $0 of revenue for the six months ended
June 30, 2013, as compared with a net loss of $595,431 on $0 of
revenue for the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $1.21 million
in total assets, $5.75 million in total liabilities and a $4.54
million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/BavwOr

                            Biofuels Power

Humble, Tex.-based Biofuels Power Corporation is a distributed
energy company that is pioneering the use of biodiesel to fuel
small electric generating facilities that are located in close
proximity to end-users.  BPC's first power plant is currently
located near Houston, Texas in the city of Oak Ridge North.

Biofuels Power disclosed net income of $342,456 on $0 of revenue
for the year ended Dec. 31, 2012, as compared with a net loss of
$1.28 million on $0 of revenue during the prior year.

Clay Thomas, P.C., in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has suffered significant losses and will require
additional capital to develop its business until the Company
either (1) achieves a level of revenues adequate to generate
sufficient cash flows from operations; or (2) obtains additional
financing necessary to support its working capital requirements.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


BROCADE COMMS: Moody's Raises CFR to Ba2; Unsecured Notes to Ba3
----------------------------------------------------------------
Moody's Investors Service upgraded Brocade Communications Systems,
Inc.'s corporate family rating to Ba2 from Ba3. Moody's also
upgraded the company's unsecured notes to Ba3 from B1 and the
probability of default to Ba2-PD from Ba3-PD. Brocade's senior
secured revolver and notes were affirmed at Ba1. The ratings
outlook is changed to stable from positive.

Ratings Rationale:

The Ba2 corporate family rating reflects Brocade's continued
leadership position in the storage area networking market (SAN)
and niche position within the broader data networking market
coupled with its strong balance sheet and conservative credit
metrics. Though the company faces challenges in its two primary
markets, the company's strong capital structure allows some
flexibility to manage through technology cycles. Brocade's debt to
EBITDA has declined to 1.4x from well over 3x after the 2008
Foundry acquisition through a combination of debt repayment and
EBITDA growth. Brocade is expected to continue to generate strong
levels of free cash flow, though reduced from earlier periods (LTM
July 2013 free cash flow of $433 million with free cash flow to
debt a very strong 57%) which will likely be used to repurchase
shares and fund modest acquisitions.

Brocade continues to be the leading provider by far in the SAN
market with its well-entrenched, high reliability, Fibre Channel
(FC) architected lines. Brocade has generally maintained a one to
two year lead on introducing next generation SAN equipment over
its main rival Cisco. While the overall SAN market is expected to
have single digit medium term growth prospects, it remains unclear
whether FC will maintain its entrenched position as the
predominant SAN architecture. Brocade is one of the original
developers and a main proponent of Fibre Channel based systems and
has the most to lose if alternative architectures are adopted.
Given Brocades expertise in the SAN market, they are likely to
remain a meaningful SAN player even if FC loses its position.

Brocade is also a niche player in the broader Ethernet market and
considered to have a strong technology portfolio but only a
fraction of the scale or distribution capabilities of Cisco or
Juniper. The business has struggled with soft federal government
spending in recent quarters though there is some expectation of
moderate recovery in that end market.

Liquidity is very good based on $790 million of cash as of July
27, 2013. Free cash flow levels are also expected to remain strong
(though below 2012 levels) offset however by a significant share
buyback program.

Though unlikely in the near term given the uncertainties in the
company's primary markets, ratings could face upward pressure if
the company is able to expand its leading positions in the SAN
industry outside of its FC base and expand its Ethernet business
while maintaining a conservative capital structure. Ratings could
face downward pressure, if Brocade materially loses its position
in the SAN market or leverage increases above 2x on other than a
temporary basis.

The following ratings were affected:

Issuer: Brocade Communications Systems, Inc.

Upgrades:

Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

Corporate Family Rating, Upgraded to Ba2 from Ba3

$300M 4.625% Senior Unsecured Regular Bond/Debenture, Upgraded
to Ba3 LGD5 81 % from B1 LGD5 78 %

Outlook Actions:

Outlook, Changed To Stable from Positive

Affirmations:

$125M Senior Secured Bank Credit Facility, Affirmed Ba1

$300M 6.875% Senior Secured Regular Bond/Debenture, Affirmed Ba1

The debt instrument ratings were determined in conjunction with
Moody's Loss Given Default Methodology and reflect the
instruments' relative positions in the capital structure.

The principal methodology used in this rating was Global Software
Industry published in October 2012. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Brocade Communications Systems, Inc. is a leading producer of
storage area network equipment and a niche provider of data
network equipment. Brocade, with revenues of $2.2 billion for the
twelve months ended July 27, 2013, is headquartered in San Jose,
CA.


CENGAGE LEARNING: Has Nod to Use Cash Collateral Until January
--------------------------------------------------------------
On Aug. 20, 2013, the U.S. Bankruptcy Court for the Eastern
District of New York entered a final order authorizing Cengage
Learning, Inc., et al., to use cash collateral of the first lien
and second lien lenders through the earlier to occur of (i) Jan.
10, 2014, (ii) three business days after notice of the date upon
which any event of default occurs and is continuing, and (iii) the
date that any Debtor will file a motion seeking any modification
or extension of the final order without the prior written consent
of the Credit Agreement Agent and the holders of 66.6% of the
First Lien Obligations held by the members of first lien group.

A copy of the final cash collateral order is available at:

            http://bankrupt.com/misc/cengage.doc303.pdf

As reported in the TCR on July 10, 2013, the Debtor secured court
approval for an agreement with first-lien lenders allowing use of
cash representing collateral for their loans.

                      About Cengage Learning

Stamford, Connecticut-based Cengage Learning --
http://www.cengage.com/-- provides innovative teaching, learning
and research solutions for the academic, professional and library
markets worldwide.  Cengage Learning's brands include
Brooks/Cole, Course Technology, Delmar, Gale, Heinle, South
Western and Wadsworth, among others.  Apax Partners LLP bought
Cengage in 2007 from Thomson Reuters Corp. in a $7.75 billion
transaction.  The acquisition was funded in part with $5.6 billion
in new debt financing.

Cengage Learning Inc. filed a petition for Chapter 11
reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2,
2013, in Brooklyn, New York, after signing an agreement where
holders of $2 billion in first-lien debt agree to support a
reorganization plan.  The plan will eliminate more than $4 billion
of $5.8 billion in debt.

First-lien lenders who signed the so-called plan-support agreement
include funds affiliated with BlackRock Inc., Franklin Mutual
Adviser LLC, KKR & Co. and Oaktree Capital Management LP.  Second-
lien creditors and holders of unsecured notes aren't part of the
agreement.

The Debtors have tapped Kirkland & Ellis LLP as counsel, Lazard
Freres & CO. LLC as financial advisor, Alvarez & Marsal North
America, LLC, as restructuring advisor, and Donlin, Recano &
Company, Inc., as claims and notice agent.

A nine-member official committee of unsecured creditors has been
appointed in the Debtors' Chapter 11 cases.  Arent Fox LLP is the
proposed counsel for the Committee.  FTI Consulting, Inc., serves
as financial advisor to the Committee.  Moelis & Company LLC
serves as investment banker to the Committee.


CENGAGE LEARNING: Willkie Farr Can Assist Independent Director
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York,
authorized Cengage Learning, Inc., et al., to employ Willkie Farr
& Gallagher LLP as special investigation counsel to the
independent director of the Debtors effective nunc pro tunc to the
Petition Date.

As reported in the TCR on July 30, on May 23, 2013, Willkie Farr
was retained by Cengage Learning GP I LLC and its controlled
subsidiaries, including the Debtors, to provide assistance and
counsel to Richard D. Feintuch, the independent member of the
board of directors of Cengage GP, in connection with an evaluation
and analysis of the acquisition by Apax Partners or certain of its
affiliates of certain debt instruments of the Debtors.

The Debtors desire to retain Willkie Farr to continue to provide
the legal services as are necessary and requested by the
independent director in connection with the investigation.

Marc Abrams, a member of Willkie Farr, tells the Court that the
hourly rates of the firm's personnel are:

         Attorneys                  $310 - $1,130
         Paralegals                 $125 -   $310

Willkie Farr has received retainers and payments totaling $658,875
in the aggregate for services performed for the Debtors.  Of such
amounts, Willkie Farr currently holds an unapplied retainer of
$375,605.  As of the Petition Date, the Debtors do not owe Willkie
Farr any amounts for legal services rendered before the Petition
Date, although certain fees and expenses aggregating approximately
$12,712 have been incurred by Willkie Farr, but not yet applied to
Willkie Farr's retainer.

                      About Cengage Learning

Stamford, Connecticut-based Cengage Learning --
http://www.cengage.com/-- provides innovative teaching, learning
and research solutions for the academic, professional and library
markets worldwide.  Cengage Learning's brands include
Brooks/Cole, Course Technology, Delmar, Gale, Heinle, South
Western and Wadsworth, among others.  Apax Partners LLP bought
Cengage in 2007 from Thomson Reuters Corp. in a $7.75 billion
transaction.  The acquisition was funded in part with $5.6 billion
in new debt financing.

Cengage Learning Inc. filed a petition for Chapter 11
reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2,
2013, in Brooklyn, New York, after signing an agreement where
holders of $2 billion in first-lien debt agree to support a
reorganization plan.  The plan will eliminate more than $4 billion
of $5.8 billion in debt.

First-lien lenders who signed the so-called plan-support agreement
include funds affiliated with BlackRock Inc., Franklin Mutual
Adviser LLC, KKR & Co. and Oaktree Capital Management LP.  Second-
lien creditors and holders of unsecured notes aren't part of the
agreement.

The Debtors have tapped Kirkland & Ellis LLP as counsel, Lazard
Freres & CO. LLC as financial advisor, Alvarez & Marsal North
America, LLC, as restructuring advisor, and Donlin, Recano &
Company, Inc., as claims and notice agent.

A nine-member official committee of unsecured creditors has been
appointed in the Debtors' Chapter 11 cases.  Arent Fox LLP is the
proposed counsel for the Committee.  FTI Consulting, Inc., serves
as financial advisor to the Committee.  Moelis & Company LLC
serves as investment banker to the Committee.


CENGAGE LEARNING: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Cengage Learning, Inc., filed its schedules of assets and
liabilities, disclosing:

     Name of Schedule             Assets        Liabilities
     ----------------         --------------   --------------
  A. Real Property               $36,260,127
  B. Personal Property        $4,093,362,100
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                            $5,397,549,528
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $534,221
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                    $4,261,265,644
                              --------------   --------------
        TOTAL                 $4,129,622,227   $9,659,349,393

A copy of the schedules is available at:

            http://bankrupt.com/misc/cengage.doc287.pdf

                      About Cengage Learning

Stamford, Connecticut-based Cengage Learning --
http://www.cengage.com/-- provides innovative teaching, learning
and research solutions for the academic, professional and library
markets worldwide.  Cengage Learning's brands include
Brooks/Cole, Course Technology, Delmar, Gale, Heinle, South
Western and Wadsworth, among others.  Apax Partners LLP bought
Cengage in 2007 from Thomson Reuters Corp. in a $7.75 billion
transaction.  The acquisition was funded in part with $5.6 billion
in new debt financing.

Cengage Learning Inc. filed a petition for Chapter 11
reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2,
2013, in Brooklyn, New York, after signing an agreement where
holders of $2 billion in first-lien debt agree to support a
reorganization plan.  The plan will eliminate more than $4 billion
of $5.8 billion in debt.

First-lien lenders who signed the so-called plan-support agreement
include funds affiliated with BlackRock Inc., Franklin Mutual
Adviser LLC, KKR & Co. and Oaktree Capital Management LP.  Second-
lien creditors and holders of unsecured notes aren't part of the
agreement.

The Debtors have tapped Kirkland & Ellis LLP as counsel, Lazard
Freres & CO. LLC as financial advisor, Alvarez & Marsal North
America, LLC, as restructuring advisor, and Donlin, Recano &
Company, Inc., as claims and notice agent.

A nine-member official committee of unsecured creditors has been
appointed in the Debtors' Chapter 11 cases.  Arent Fox LLP is the
proposed counsel for the Committee.  FTI Consulting, Inc., serves
as financial advisor to the Committee.  Moelis & Company LLC
serves as investment banker to the Committee.


CENTRAL EUROPEAN: Suspending Filing of Reports With SEC
-------------------------------------------------------
Central European Distribution Corporation filed a Form 15 with the
U.S. Securities and Exchange Commission to voluntarily terminate
the registration of its common stock, $0.01 par value.  No holder
of the Company's common shares as of Aug. 13, 2013.  As a result
of the Form 15 filing, the Company will not anymore be obligated
to file reports with the SEC.

The Company also terminated the offering of its securities under
2007 Stock Incentive Plan.

                             About CEDC

Mt. Laurel, New Jersey-based Central European Distribution
Corporation is one of the world's largest vodka producers and
Central and Eastern Europe's largest integrated spirit beverages
business with its primary operations in Poland, Russia and
Hungary.

On April 7, 2013, CEDC and two subsidiaries sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.
Del. Lead Case No. 13-10738) with a prepackaged Chapter 11 plan
that reduces debt by US$665.2 million.

Attorneys at Skadden, Arps, Slate, Meagher & Flom LLP serve as
legal counsel to the Debtor.  Houlihan Lokey is the investment
banker.  Alvarez & Marsal will provide the chief restructuring
officer. GCG Inc. is the claims and notice agent.

The Bankruptcy Court approved the Disclosure Statement and
confirmed the Second Amended and Restated Joint Prepackaged Plan
of Reorganization.  CEDC's Plan, which won approval from the
U.S. Bankruptcy Court for the District of Delaware on May 13,
2013, was declared effective on June 5.


CENVEO INC: Capitalization Concerns Cue Moody's Downgrade Review
----------------------------------------------------------------
Moody's Investors Service placed Cenveo, Inc.'s ratings on review
for downgrade, including the company's B3 corporate family rating,
its B3-PD probability of default rating, and the Ba3, B3 and Caa2
ratings applicable to, respectively, its senior secured term loan,
senior secured second lien notes, and senior unsecured global
notes.

The review for downgrade was prompted by concerns that the
company's capital structure is not sustainable, a matter
highlighted by growing financial leverage, the result of
significant revenue and EBITDA declines recorded during the first
half of 2013. With Moody's adjusted leverage now at 7.2x, it is
not clear whether Cenveo can service its debts in a timely
fashion.

On August 21, 2013, Cenveo announced an agreement to purchase
certain of the assets of National Envelope [a company operating
under Chapter 11]. Depending on the magnitude of synergy
realization, the transaction is credit-positive. However, it is
not clear whether the associated benefits are sufficient to offset
pressures in the core businesses, and whether such benefits are
sustainable. Moody's review will assess these matters and their
impact on Cenveo's debt service capabilities and liquidity under
several scenarios, and is expected to be completed within 30 to 45
days.

Cenveo Corporation is a wholly-owned subsidiary of Cenveo, Inc., a
publicly traded holding company. While all debt instruments are
issued by Cenveo Corporation, since Cenveo Inc. guarantees all of
Cenveo Corporation's debt and financial statements are issued only
by Cenveo Inc., Moody's maintains corporate-level ratings and the
associated outlook at Cenveo Inc.

The following summarizes Cenveo's ratings and rating actions:

Issuer: Cenveo, Inc.

  Corporate Family Rating, Placed on Review for Downgrade,
  currently B3

  Probability of Default Rating, Placed on Review for Downgrade,
  currently B3-PD

Issuer: Cenveo Corporation

  Senior Secured Bank Credit Facility Apr 4, 2020, Placed on
  Review for Downgrade, currently Ba3 (LGD2, 23%)

  Senior Secured Regular Bond/Debenture Feb 1, 2018, Placed on
  Review for Downgrade, currently B3 (LGD4, 54%)

  Senior Unsecured Regular Bond/Debenture May 15, 2017, Placed on
  Review for Downgrade, currently Caa2 (LGD5, 85%)

Outlook Actions:

Issuer: Cenveo, Inc.

Outlook, Changed To Rating under Review from Negative

Company Profile

Headquartered in Stamford, Connecticut, Cenveo Corporation, a
wholly-owned subsidiary of Cenveo, Inc. (Cenveo, a publicly traded
holding company), with annual revenues of approximately $1.8
billion, is involved in envelope converting (41% of revenue),
commercial print offerings (32% of revenue), label manufacturing
(20% of revenue), and packaging (7% of revenue).


CHILE MINING: Incurs $808,900 Net Loss in June 30 Quarter
---------------------------------------------------------
Chile Mining Technologies Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $808,946 on $50,326 of sales for the three months
ended June 30, 2013, as compared with a net loss of $1.21 million
on $34,829 of sales for the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $6.88 million
in total assets, $11.59 million in total liabilities and a $4.71
million stockholders' deficiency.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/SpZb7F

                         About Chile Mining

Chile Mining Technologies Inc. is a mineral extraction company
based in the Republic of Chile, with copper as its principal "pay
metal."  Its founders, Messrs. Jorge Osvaldo Orellana Orellana and
Jorge Fernando Pizarro Arriagada, have refined the electrowin
process in a way that permits the electrowin process to be used at
a relatively small mine and/or tailings sites.  Electrowinning is
a process in which positive and negative electrodes are placed in
an acidic solution containing copper ions, and an electric current
passed through the solution causes the copper to be deposited on
the negative electrodes so that it can be collected.

Chile Mining had a net loss of $4.38 million on $261,089 of sales
for the year ended March 31, 2013, as compared with a net loss of
$3.94 million on $433,554 of sales during the prior fiscal year.

Schwartz Levitsky Feldman LLP, in Toronto, Ontario, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended March 31, 2013.  The independent
auditors noted that the continuance of the Company is dependent
upon its ability to obtain financing and upon future profitable
operations from the production of copper.  This raises substantial
doubt about it ability to continue as a going concern.


CHINA NATURAL: Reports $3.2 Million Net Income in 2nd Quarter
-------------------------------------------------------------
China Natural Gas, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $3.17 million on $34.24 million of revenues for the
three months ended June 30, 2013, as compared with net income of
$5.07 million on $37.90 million of revenues for the same period
during the prior year.

For the six months ended June 30, 2013, the Company reported net
income of $7.84 million on $69.74 million of revenues, as compared
with net income of $7.02 million on $70.17 million of revenues for
the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $299.49
million in total assets, $82.46 million in total liabilities and
$217.02 million in total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                       http://is.gd/yDgirL

                       About China Natural

Headquartered in Xi'an, Shaanxi Province, P.R.C., China Natural
Gas, Inc., was incorporated in the State of Delaware on March 31,
1999.  The Company through its wholly owned subsidiaries and
variable interest entity, Xi';an Xilan Natural Gas Co., Ltd., and
subsidiaries of its VIE, which are located in Hong Kong, Shaanxi
Province, Henan Province and Hubei Province in the People's
Republic of China ("PRC"), engages in sales and distribution of
natural gas and gasoline to commercial, industrial and residential
customers through fueling stations and pipelines, construction of
pipeline networks, installation of natural gas fittings and parts
for end-users, and conversions of gasoline-fueled vehicles to
hybrid (natural gas/gasoline) powered vehicles at 0ptmobile
conversion sites.

On Feb. 8, 2013, an involuntary petition for bankruptcy was filed
against the Company by three of the Company's creditors, Abax
Lotus Ltd., Abax Nai Xin A Ltd., and Lake Street Fund LP (Bankr.
S.D.N.Y. Case No. 13-10419).  The Petitioners claimed that they
have debts totaling $42,218,956.88 as a result of the Company's
failure to make payments on the 5% Guaranteed Senior Notes issued
in 2008.  The Company says it intends to oppose the motion.

Adam P. Strochak, Esq., at Weil, Gotshal & Manges, LLP, in
Washington, D.C., represents the Petitioners as counsel.


CONTRA COSTA COUNTY PFA: S&P Affirms 'B' Rating on 1999 Bonds
-------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on on
Contra Costa County Public Financing Authority, Calif.'s senior
series 1999 tax allocation bonds (TABs) outstanding, issued for
Contra Costa County Redevelopment Agency (RDA), to stable from
negative.  At the same time, Standard & Poor's affirmed its 'B'
rating on the bonds.

"We base the outlook revision on what we consider the successor
agency's recent adequate cash and debt management and use of
unpledged resources to cover annual debt service requirements
without use of the debt service reserve fund, despite continued
assessed value declines in the Bay Point Project Area," said
Standard & Poor's credit analyst Sussan Corson.

The rating reflects what S&P considers the credit characteristics
of the weakest project area loan related to the Bay Point Project
Area, including:

   -- Insufficient 0.6x senior maximum annual debt service
      coverage from pledged revenues based on the fiscal 2013 tax
      base;

   -- Continued declines in assessed value (AV);

   -- A moderately high volatility ratio of 0.48, which suggests
      that even minor further AV declines will likely have a
      proportionally larger effect on pledged revenues; and

   -- High taxpayer concentration.

The preceding weaknesses are offset, in part, by S&P's view of a
cash-funded debt service reserve fund for the Bay Point project
area series 1999 TABs loan, invested in a U.S. Bank N.A. money
market fund, and the Bay Point project area's portion of the
surety reserve provided by National Public Financial Guarantee
Corp. (formerly MBIA) for the series 2007A nonhousing TABs, which
enjoy a senior parity lien on the project area's pledged
nonhousing tax revenue.

The stable outlook reflects S&P's expectation that the successor
agency will continue to demonstrate adequate cash and debt
management and use unpledged resources to cover annual debt
service requirements without the use of the debt service reserve
fund.  Given these factors, despite insufficient debt service
coverage by pledged revenue, S&P don't expect to change the rating
in the next year.

The project areas are in Contra Costa County (estimated population
of about 1 million), which fully participates in the Bay Area
economy and employment base.  Located approximately 20 miles from
San Francisco, Contra Costa County is one of nine counties that
comprise the San Francisco-Oakland Bay Area.


CONTRA COSTA COUNTY PFA: S&P Affirms 'BB+' Rating on 2007A Bonds
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Contra
Costa County Public Financing Authority, Calif.'s senior series
2007A and A-T tax allocation revenue bonds outstanding, issued for
Contra Costa County Redevelopment Agency (RDA), to stable from
negative.  At the same time, Standard & Poor's affirmed its 'BB+'
underlying rating (SPUR) on the bonds.

"We base the outlook revision on the authority's recent
restructuring of debt service that raised annual senior coverage
to at least 1x through 2035 by fiscal 2013 pledged tax revenue,
despite continued declines in assessed value," said Standard &
Poor's credit analyst Sussan Corson.

The SPUR reflects what S&P views as:

   -- Adequate 1.05x annual coverage of series A and series A-T
      annual debt service in fiscal 2013, which falls below 1x
      after 2035 assuming no change in revenue or project area
      loan amounts;

   -- The successor agency's (SA) demonstrated cash and debt
      management to meet annual debt service requirements;

   -- Series 2007A and A-T debt service reserves fully funded with
      sureties from National Public Finance Guarantee Corp.
      (formerly MBIA);

   -- Continued assessed value (AV) declines across the five
      project areas that support debt service, including another
      2% annual decline in AV in fiscal 2013 to less than
      $1.8 billion; and

   -- A concentrated tax base across the five project areas with
      53% of total incremental AV in the leading 10 taxpayers.

The authority's series 2007A and A-T tax allocation revenue bonds
are secured by a senior-lien claim on authority-level revenues,
which are a combination of housing and nonhousing loan repayments
to the authority from individual project areas, including Contra
Costa Centre, North Richmond, Bay Point, Rodeo, and Montalvin
Manor project areas.

The stable outlook reflects S&P's view of the SA's recent
restructuring of debt service that raised annual senior coverage
to at least 1x through 2035 by fiscal 2013 pledged tax revenue.
Should additional AV declines in these areas cause currently
scheduled annual senior coverage by pledged revenue to fall below
1x, S&P could lower the rating further in the next year.  While
not expected in the next year, should AV across all of the project
areas show signs of long-term stabilization and growth to generate
sufficient pledged revenue for loan and parity obligations, S&P
could raise the rating.

The project areas are in Contra Costa County (estimated population
of about 1 million), which fully participates in the Bay Area
economy and employment base.  Located approximately 20 miles from
San Francisco, Contra Costa County is one of nine counties that
comprise the San Francisco-Oakland Bay Area.


CONTRA COSTA COUNTY PFA: S&P Affirms 'B' Rating on 2007B Bonds
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Contra
Costa County Public Financing Authority, Calif.'s series 2007B
subordinate-lien tax allocation revenue bonds outstanding, issued
for Contra Costa County Redevelopment Agency (RDA), to stable from
negative.  At the same time, Standard & Poor's affirmed its 'B'
underlying rating (SPUR) on the bonds.

"We revised the outlook based on what we consider the successor
agency's recent adequate cash and debt management and use of
unpledged resources to cover annual debt service requirements
without use of the debt service reserve fund," said Standard &
Poor's credit analyst Sussan Corson.

The SPUR reflects what S&P views as:

   -- Continued inadequate combined senior and subordinate 0.86x
      annual debt service coverage in fiscal 2013 by pledged loan
      payments, even after the restructuring of senior series
      2007A debt service.

   -- Continued declines in assessed value (AV) across four of the
      five project areas, including Contra Costa Centre, to less
      than $1.8 billion in fiscal 2013.

   -- A concentrated tax base across the five project areas with
      53% of total incremental AV in the leading 10 taxpayers; and

   -- Debt service reserves funded with nonrated sureties from
      Radian Asset Assurance Inc.

The authority's series 2007B subordinate tax allocation revenue
bonds are secured by a subordinate-lien claim on authority-level
revenues, which are a combination of housing and nonhousing loan
repayments to the authority from individual project areas,
including the Contra Costa Centre, North Richmond, Bay Point,
Rodeo, and Montalvin Manor project areas.

The stable outlook reflects S&P's expectation that the successor
agency will continue to demonstrate adequate cash and debt
management and use unpledged resources to cover annual debt
service requirements without the use of the debt service reserve
fund.  Given these factors, despite insufficient debt service
coverage by pledged revenue, S&P don't expect to change the rating
in the next year.


CROSSOVER FINANCIAL: Files Fourth Amended Disclosure Statement
--------------------------------------------------------------
Crossover Financial I, LLC, filed with the U.S. Bankruptcy Court
Fourth Amended Chapter 11 Plan of Reorganization dated Aug. 21,
2013, that provides for the conveyance of the assets of the
estate, primarily the real estate, to the Liquidating Trust.

Under the new Plan, the Liquidating Trustee will determine the
best method for selling the property, which includes the authority
to propose an auction procedure, in the exercise of the
Liquidating Trustee's reasonable business judgment.

Pursuant to the new Plan, the 108 Noteholder claimants in Class 5,
owed a total of $21,454,000, will receive the balance of the
proceeds of sale of the Real Property after the payment of
unclassified administrative expenses and the secured claims in
Classes 2, 3, and 4.

Pursuant to Section 506 of the Bankruptcy Code, to the extent that
proceeds from the sale of the Real Property are insufficient to
pay the principal amount of the promissory notes in full, any
unpaid principal balance, together with accrued interest and other
charges will be treated as a Class 11 Unsecured Claim.

Class 11 consists of any unsecured portion of claims in Classes 2
through 10 as a result of the bifurcation of the respective claims
under Section 506 of the Bankruptcy Code or any other portion of
the claims that may disallowed as secured claims.

It is not expected that unsecured claims will receive
distributions under the plan.

Upon completion of the distributions to creditors in Classes 2
through 11, Mitchell Yellen's membership interest will be
cancelled and the Equity Claims will not receive any distributions
under the plan and will not receive any property under the plan.

C. Randel Lewis, Principal and Founder of Western Receiver,
Trustee & Consulting Services Ltd., will serve as the Liquidating
Trustee and deemed to have been appointed as representative of the
estate by the Bankruptcy Court pursuant to 11 U.S.C. Section
1123(b)(3)(B).  Mr. Lewis will be entitled to compensation for his
services on an hourly basis at his normal hourly rate of $385 per
hour.

A copy of the Fourth Amended Disclosure Statement is available at:

      http://bankrupt.com/misc/crossoverfinancial.doc333.pdf

Counsel for the Debtor can be reached at:

         Stephen C. Nicholls, Esq.
         NICHOLLS & ASSOCIATES, P.C.
         1850 Race Street
         Denver, CO 80206
         Tel: (303) 329-9700
         Fax: (303) 329-6950
         E-mail: steve.nicholls@nichollslaw.com

                    About Crossover Financial I

Crossover Financial I, LLC, based in Elizabeth, Colorado, was
formed on Aug. 12, 2005.  Mitchell B. Yellen is the manager and
sole member.  The Company was formed for the purpose of raising
funds through a Private Placement Memorandum to be loaned to an
entity known as HPR, LLC, in connection with the acquisition and
development of 440 acres of real property located near Monument,
Colorado.

HPR consisted of three members: Colorado Commercial Builders, Inc.
(37.5%); DJT, LLC (20.0%); and Yellen Family Partnership, LLLP
(42.5%).  Mitchell Yellen held an interest in the Yellen Family
Partnership, LLLP.

The project stalled primarily as a result of a collapse in the
residential real estate development market in 2007 and potential
developers pulled out of the project.  There has been no
further development activity on the Real Property since 2007.

Faced with the prospect of a lengthy foreclosure proceeding, the
Debtor entered into to an agreement with HPR whereby the Real
Property was transferred to the Debtor by way of a deed-in-lieu
of foreclosure.  Upon acquiring the Real Property, the Debtor
attempted to bring in additional developers to continue the
project but those efforts were unsuccessful.

The Company filed for Chapter 11 bankruptcy (Bankr. D. Colo. Case
No. 11-24257) on June 15, 2011.  Judge Sidney B. Brooks presides
over the case.

Stephen C. Nicholls, Esq., at Nicholls & Associates, P.C., in
Denver, serves as bankruptcy counsel.  In its petition, the Debtor
estimated assets and debts of $10 million to $50 million.  The
petition was signed by Mitchell B. Yellen.  Karen McClaflin of
Home Source Realty, LLC, Colorado acts as real estate broker for
the Estate.

An official unsecured creditors committee has not been appointed.


CYCLONE POWER: Incurs $580,000 Net Loss in Second Quarter
---------------------------------------------------------
Cyclone Power Technologies, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $580,207 on $251,441 of revenues for the
three months ended June 30, 2013, as compared with a net loss of
$883,669 on $380,445 of revenues for the same period during the
prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.24 million on $502,882 of revenues, as compared with a
net loss of $1.66 million on $380,445 of revenues for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.36 million
in total assets, $4.26 million in total liabilities and a $2.89
million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/GTnpO8

                        About Cyclone Power

Pompano Beach, Fla.-based Cyclone Power Technologies, Inc. (Pink
Sheets: CYPW) is a clean-tech engineering company, whose business
is to develop, commercialize and license its patented Rankine
cycle engine technology for applications ranging from renewable
power generation to transportation.  The Company is the successor
entity to the business of Cyclone Technologies LLLP, a limited
liability limited partnership formed in Florida in June 2004.
Cyclone Technologies LLLP was the original developer and
intellectual property holder of the Cyclone engine technology.

Cyclone Power disclosed a net loss of $3 million on $1.13 million
of revenue for the year ended Dec. 31, 2012, as compared with a
net loss of $23.70 million on $250,000 of revenue in 2011.

Mallah Furman, in Mallah Furman, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company's dependence on outside financing, lack of sufficient
working capital, and recurring losses raises substantial doubt
about its ability to continue as a going concern.


DARLING INTERNATIONAL: Moody's Rates New Debt Facilities 'Ba1'
--------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Darling
International Inc.'s proposed $750 million senior secured
revolving credit facility and its proposed $350 million delayed
draw senior secured Term Loan A. All other ratings are affirmed.
Proceeds of the issuance are expected to be used to finance the
company's proposed acquisition of all of the assets of Rothsay, a
division of Maple Leaf Foods Inc. for approximately CAD645 million
in cash. Rothsay is a leading recycler of animal by-products in
Canada.

If, as part of this transaction, Darling's $250 million senior
unsecured notes receive collateral and become pari passu with the
bank facilities, Moody's expects the notes to be upgraded from Ba2
to Ba1.

The following ratings are assigned, subject to Moody's review of
final documentation:

Darling International Inc.

  $750 million senior secured revolving credit facility due 2018
  at Ba1 (LGD 4, 51%)

  $350 million senior secured delayed draw term loan A due 2018
  at Ba1 (LGD 4, 51%)

Ratings affirmed

  Corporate Family Rating of Ba1

  Probability of Default Rating of Ba1-PD

  $415 million senior secured revolver due 2015 at Baa3 (LGD2,
  25%)

  $250 million senior unsecured notes due 2018 at Ba2 (LGD5, 77%)

  Speculative Grade Liquidity Rating of SGL -- 1

The outlook is stable.

Moody's expects to withdraw the rating on the $415 million senior
secured revolver upon closing of the new $750 million senior
secured revolver.


DATAJACK INC: Liggett Vogt Replaces RBSM LLP as Accountants
-----------------------------------------------------------
DataJack, Inc., dismissed RBSM LLP, as the Company's independent
registered public accounting firm on Aug. 5, 2013.

The reports of RBSM LLP, on the Company's consolidated financial
statements as of and for the years ended Dec. 31, 2012, and 2011
contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting
principle.  RBSM LLP's audit report of the Company's financial
statements for the years ended Dec. 31, 2012, and 2011 included
language expressing substantial doubt as to the Company's ability
to continue as a going concern.

The Company's Board of Directors participated in and approved the
decision to change independent registered public accounting firms.

The Company said the dismissal was not a result of a disagreement
with the accounting firm.

On Aug. 5, 2013, the Company engaged Liggett, Vogt, & Webb P.A.,
as its independent registered public accounting firm for the
Company's quarterly filing for June 30, 2013, and will remain as
its independent auditor for future filings.  The engagement of
Liggett, Vogt & Webb P.A. as the Company's independent registered
public accounting firm was approved by the Company's Board of
Directors, which performs the function of the audit committee.

During the two most recent fiscal years and through the Engagement
Date, the Company has not consulted with Liggett Vogt.

                           About DataJack

DataJack, Inc. (formerly Quamtel, Inc.) and its subsidiaries was
incorporated in 1999 under the laws of Nevada as a communications
company offering, a comprehensive range of mobile broadband and
communications products.

The Company offers secure nationwide mobile broadband wireless
data transmission services primarily under the DataJack brand.
Through DataJack, the Company offers low cost, no contract, mobile
broadband with various data plans.  The Company's DataJack service
is offered primarily through two devices - the DataJack WiFi
Mobile Hotspot that can connect up to 5 Wi-Fi enabled devices and
the DataJack USB, a Plug and Play USB Device.

In its report on the 2011 financial statements, RBSM LLP, in New
York, New York, expressed substantial doubt about Quamtel's
ability to continue as a going concern.  The independent auditors
noted that the Company has incurred significant operating losses
in the current year and also in the past.

The Company reported a net loss of $4.49 million on $1.93 million
of revenues for 2011, compared with a net loss of $10.05 million
on $2.18 million of revenues for 2010.

The Company's balance sheet at March 31, 2013, showed $1.90
million in total assets, $4.77 million in total liabilities and a
$2.87 million total shareholders' deficit.


DETROIT, MI: Judge Directs Aug. 29 Mediation With Syncora
---------------------------------------------------------
Steven Church, writing for Bloomberg News, reports that U.S.
District Judge Gerald Rosen in Detroit ordered Syncora Guarantee
Inc., the city of Detroit, and swaps holders including Merrill
Lynch Capital Services Inc. to meet with U.S. Bankruptcy Judge
Elizabeth Perris of Oregon to try to settle their dispute over a
proposed $253 million swaps settlement.

According to Bloomberg, in an Aug. 23 order filed with the
bankruptcy court, Judge Rosen told participants to e-mail the
mediator with "suggested ways that the mediation might resolve,"
the dispute.  Detroit, Syncora and about 20 other groups were
ordered to meet with Judge Perris on Aug. 29 in Detroit.  The
report notes Judge Perris has been a court-appointed mediator for
three California cities that also filed bankruptcy, Vallejo,
Mammoth Lakes and Stockton.  Stockton remains in bankruptcy.

Bloomberg notes Detroit is seeking to buy its way out of an
interest-rate swaps contract to save about $50 million a year, a
proposal that Syncora asked a bankruptcy judge to reject when it
comes before the court next month.  The report relates that, after
Detroit sought bankruptcy protection, its emergency manager, Kevyn
Orr, asked the judge overseeing the $18 billion case to approve
the settlement with Merrill Lynch and UBS AG.  Syncora, which sold
insurance on the swaps, opposes the settlement, claiming that
ending the contract too early could hurt its economic interests.

Bloomberg reports that under the settlement, swap providers would
be paid at least 75 percent of what they're owed, depending on
when the contract is canceled.  Detroit attorney Corinne Ball,
Esq., a partner at Jones Day in New York, said in court on Aug. 21
that the discounted value of the swaps was about $190 million.
That means the swaps providers are owed about $253.3 million,
Bloomberg continues.  Retirees and many of the city's other
unsecured debtholders, with about $11.5 billion of claims, were
asked to take about $2 billion, or 17 percent, under Mr. Orr's
June 14 proposal.

                     About Detroit, Michigan

The city of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The city's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.


DETROIT, MI: Mediator Orders Syncora Into Swaps Accord Talks
------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that Detroit's
lead bankruptcy mediator ordered the city and bond-insurer Syncora
Guarantee Inc. into talks in their dispute over a proposed $253
million swaps settlement.

According to the report, the city is seeking to buy its way out of
an interest-rate swaps contract to save about $50 million a year,
a proposal that Syncora asked a bankruptcy judge to reject when it
comes before the court next month.

U.S. District Judge Gerald Rosen in Detroit ordered Syncora, the
city and swaps holders including Merrill Lynch Capital Services
Inc. to meet with a bankruptcy judge from Oregon to try to settle
their differences, the report related.

After Detroit filed the biggest-ever U.S. municipal bankruptcy
last month, the city's emergency manager, Kevyn Orr, asked the
judge overseeing the $18 billion case to approve the settlement
with Merrill Lynch and UBS AG, the report said.  Syncora, which
sold insurance on the swaps, opposes the settlement, claiming that
ending the contract too early could hurt its economic interests.

In an Aug. 23 order filed with the bankruptcy court, Rosen told
participants to e-mail the mediator with "suggested ways that the
mediation might resolve," the dispute.

The city, New York-based Syncora and about 20 other groups were
ordered to meet with, U.S. Bankruptcy Judge Elizabeth Perris of
Oregon, on Aug. 29 in Detroit, the report further related.  Perris
has been a court-appointed mediator for three California cities
that also filed bankruptcy, Vallejo, Mammoth Lakes and Stockton.
Stockton remains in bankruptcy.

                     About Detroit, Michigan

The city of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The city's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.


DETROIT, MI: Bankruptcy Judge Speeds Up Part of Eligibility Fight
-----------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that Detroit's
bankruptcy judge will hear some legal arguments one month earlier
than planned about why the record-setting, $18 billion case should
be thrown out.

According to the report, U.S. Bankruptcy Judge Steven Rhodes will
also block until later on in the case objections related to any
potential cuts to city-worker pensions, saying that fight should
wait until a plan to adjust the city's debt has been filed.

Any objections to the city's bankruptcy that don't involve a
dispute over facts, only the interpretation of legal issues raised
by creditors, will be heard on Sept. 18 in federal court in
Detroit, Rhodes said in an order released on Aug. 26, the report
related.

"The court further concludes that a prompt oral argument on these
legal issues will promote just, speedy and efficient determination
of the city's eligibility," he wrote, the report added. The
original hearing on eligibility, set for Oct. 23, will remain
unchanged and will be reserved for disputes over facts.

Since the city filed the biggest-ever U.S. municipal bankruptcy,
Rhodes has kept the case moving quickly, pushing up a timetable
suggested by Detroit's emergency manager, Kevyn Orr, and setting
earlier deadlines than some parties in the case had requested, the
report further related.

                     About Detroit, Michigan

The city of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The city's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.


DTS8 COFFEE: Two Directors Resign
---------------------------------
James Kuok and Yu Yi Zhao each resigned as directors of DTS8
Coffee Company, Ltd., effective Aug. 16, 2013.  There has been no
disagreement between the Company and Messrs. Kuok and Zhao known
to an executive officer of the Company on any matter relating to
Company's operations, policies or practices.

After the changes, effective Aug. 16, 2013, the directors are Sean
Tan and Alex Liang.  The executive officer of the Company is Sean
Tan as the Chief Executive Officer, President and Chief Financial
Officer.

                         About DTS8 Coffee

DTS8 Coffee Company, Ltd. (previously Berkeley Coffee & Tea, Inc.)
was incorporated in the State of Nevada on March 27, 2009.
Effective Jan. 22, 2013, the Company changed its name from
Berkeley Coffee & Tea, Inc., to DTS8 Coffee Company, Ltd.  On
April 30, 2012, the Company acquired 100 percent of the issued and
outstanding capital stock of DTS8 Holdings Co., Ltd., a
corporation organized and existing since June 2008 under the laws
of Hong Kong and which owns DTS8 Coffee (Shanghai) Co., Ltd.

DTS8 Holdings, through its subsidiary DTS8 Coffee, is a gourmet
coffee roasting company established in June 2008.  DTS8 Coffee's
office and roasting factory is located in Shanghai, China.  DTS8
Coffee is in the business of roasting, marketing and selling
gourmet roasted coffee to its customers in Shanghai, and other
parts of China.  It sells gourmet roasted coffee under the "DTS8
Coffee" label through distribution channels that reach consumers
at restaurants, multi-location coffee shops, and offices.

As reported in the TCR on Aug. 14, 2012, MaloneBailey, LLP, in
Houston, Texas, expressed substantial doubt about Berkeley Coffee
& Tea Inc.'s ability to continue as a going concern, following
the Company's results for the fiscal year ended April 30, 2012.
The independent auditors noted that the Company has suffered
recurring losses from operations.

The Company's balance sheet at Jan. 31, 2013, showed $4.62 million
in total assets, $661,274 in total liabilities and $3.96 million
in total shareholders' equity.


DYNASTY HOUSE: Updated Case Summary & Creditors' Lists
------------------------------------------------------
Lead Debtor: Dynasty House of Design, Inc.
             44670 Cape Court
             Ashburn, VA 20147

Bankruptcy Case No.: 13-13884

Chapter 11 Petition Date: August 23, 2013

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

Judge: Brian F. Kenney

Debtors' Counsel: Elizabeth L. Gunn, Esq.
                  SANDS ANDERSON PC
                  1111 East Main Street, 24th Floor
                  P.O. Box 1998
                  Richmond, VA 23218-1998
                  Tel: (804) 648-1636
                  Fax: (804) 783-7291
                  E-mail: egunn@sandsanderson.com

Estimated Assets: $0 to $50,000

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

Affiliate that simultaneously filed separate Chapter 11 petition:

   Debtor                              Case No.
   ------                              --------
Virginia Home & Design LLC             13-13885
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000

The petitions were signed by Amrik Hendiazad, president and
managing member.

A. A copy of Dynasty House of Design's list of its 16 largest
unsecured creditors filed together with the petition is available
for free at http://bankrupt.com/misc/vaeb13-13884.pdf

B. A copy of Virginia Home & Design's list of its three unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/vaeb13-13885.pdf


EASTMAN KODAK: Settles Dispute With GOT Over Patent Transfer
------------------------------------------------------------
Eastman Kodak Co. asked U.S. Bankruptcy Judge Allan Gropper to
approve an agreement with Global OLED Technology LLC to end their
dispute over the transfer of Kodak patents to the tech firm.

The transfer of patents was part of the purchase agreement made
between Kodak and a group of tech firms led by LG Display Co.,
Ltd. in 2009.  Global OLED was the assignee of the LG-led group
under the 2009 deal.

Pursuant to the settlement, Kodak will keep 15 of the 18 patents
that Global OLED claimed should have been also transferred to the
tech firm.  The three remaining patents will be transferred to
Global OLED.

The settlement agreement requires Global OLED to dismiss its
lawsuit for declaratory judgment against Kodak, which it filed
late last year to prove that it acquired the disputed patents and
that Kodak has no interest in those patents.  Global OLED also
agreed to drop its claim against Kodak tied to the 2009 deal.

The settlement is formalized in a nine-page agreement, which can
be accessed for free at http://is.gd/g5Qpqn

Judge Gropper will hold a hearing on Sept. 16 to consider approval
of the agreement.  Objections are due by Sept. 9.

                        About Eastman Kodak

Rochester, New York-based Eastman Kodak Company and its U.S.
subsidiaries on Jan. 19, 2012, filed voluntarily Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 12-10202) in Manhattan.
Subsidiaries outside of the U.S. were not included in the filing
and are expected to continue to operate as usual.

Kodak, founded in 1880 by George Eastman, was once the world's
leading producer of film and cameras.  Kodak sought bankruptcy
protection amid near-term liquidity issues brought about by
steeper-than-expected declines in Kodak's historically profitable
traditional businesses, and cash flow from the licensing and sale
of intellectual property being delayed due to litigation tactics
employed by a small number of infringing technology companies
with strong balance sheets and an awareness of Kodak's liquidity
challenges.

In recent years, Kodak has been working to transform itself from
a business primarily based on film and consumer photography to a
smaller business with a digital growth strategy focused on the
commercialization of proprietary digital imaging and printing
technologies.  Kodak has 8,900 patent and trademark registrations
and applications in the United States, as well as 13,100 foreign
patents and trademark registrations or pending registration in
roughly 160 countries.

Attorneys at Sullivan & Cromwell LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  FTI Consulting,
Inc., is the restructuring advisor.   Lazard Freres & Co. LLC, is
the investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.

The Official Committee of Unsecured Creditors has tapped Milbank,
Tweed, Hadley & McCloy LLP, as its bankruptcy counsel.

Michael S. Stamer, Esq., David H. Botter, Esq., and Abid Qureshi,
Esq., at Akin Gump Strauss Hauer & Feld LLP, represent the
Unofficial Second Lien Noteholders Committee.

The Retirees Committee has hired Haskell Slaughter Young &
Rediker, LLC, and Arent Fox, LLC as Co-Counsel; Zolfo Cooper,
LLC, as Bankruptcy Consultants and Financial Advisors; and the
Segal Company, as Actuarial Advisors.

Robert J. Stark, Esq., Andrew Dash, Esq., and Neal A. D'Amato,
Esq., at Brown Rudnick LLP, represent Greywolf Capital Partners
II; Greywolf Capital Overseas Master Fund; Richard Katz, Kenneth
S. Grossman; and Paul Martin.

Kodak completed the $527 million sale of digital-imaging
technology on Feb. 1, 2013.  Kodak intends to reorganize by
focusing on the commercial printing business.

At the end of April 2013, Kodak filed a proposed reorganization
plan offering 85 percent of the stock to holders of the remaining
$375 million in second-lien notes. The other 15 percent is for
unsecured creditors with $2.7 billion in claims and retirees who
have a $635 million claim from the loss of retirement benefits.


EGPI FIRECREEK: Incurs $164,600 Net Loss in First Quarter
---------------------------------------------------------
EGPI Firecreek, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $164,693 on $32,774 of total revenue for the three months ended
March 31, 2013, as compared with a net loss of $840,621 on $18,870
of total revenue for the same period during the prior year.

The Company's balance sheet at March 31, 2013, showed $1.31
million in total assets, $6.92 million in total liabilities, all
current, $1.86 million in series D preferred stock, and a $7.48
million total shareholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/dSFHQN

                        About EGPI Firecreek

Scottsdale, Ariz.-based EGPI Firecreek, Inc. (OTC BB: EFIR) was
formerly known as Energy Producers, Inc., an oil and gas
production company focusing on the recovery and development of oil
and natural gas.

The Company has been focused on oil and gas activities for
development of interests held that were acquired in Texas and
Wyoming for the production of oil and natural gas through Dec. 2,
2008.  Historically in its 2005 fiscal year, the Company initiated
a program to review domestic oil and gas prospects and targets.
As a result, EGPI acquired non-operating oil and gas interests in
a project titled Ten Mile Draw located in Sweetwater County,
Wyoming for the development and production of natural gas.  In
July 2007, the Company acquired and began production of oil at the
2,000 plus acre Fant Ranch Unit in Knox County, Texas.  This was
followed by the acquisition and commencement in March 2008 of oil
and gas production at the J.B. Tubb Leasehold Estate located in
the Amoco Crawar Field in Ward County, Texas.

EGPI Firecreek disclosed a net loss of $6.08 million on $124,157
of total revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $4.97 million on $293,712 of total revenue for
the year ended Dec. 31, 2011.

M&K CPAS, PLLC, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that he Company has suffered
recurring losses and negative cash flows from operations that
raise substantial doubt about its ability to continue as a going
concern.


EPAZZ INC: Incurs $1.6 Million Net Loss in Second Quarter
---------------------------------------------------------
Epazz, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.66 million on $279,119 of revenue for the three months ended
June 30, 2013, as compared with net income of $97,921 on $432,890
of revenue for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $2.06 million on $487,129 of revenue, as compared with a
net loss of $108,186 on $547,367 of revenue for the same period
during the prior year.

The Company's balance sheet at June 30, 2013, showed $1.28 million
in total assets, $1.96 million in total liabilities and a $684,229
total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/Kxa7z6

                           About EPAZZ Inc.

Chicago, Ill.-based EPAZZ, Inc., was incorporated in the State of
Illinois on March 23, 2000, to create software to help college
students organize their college information and resources.  The
idea behind the Company was that if the information and resources
provided by colleges and universities was better organized and
targeted toward each individual, the students would encounter a
personal experience with the college or university that could lead
to a lifetime relationship with the institution.  This concept is
already used by business software designed to retain relationships
with clients, employees, vendors and partners.

Epazz incurred a net loss of $1.90 million on $1.19 million of
revenue for the year ended Dec. 31, 2012, as compared with a net
loss of $336,862 on $735,972 of revenue for the year ended
Dec. 31, 2011.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has an accumulated deficit of $(4,114,756) and a
working capital deficit of $(681,561), which raises substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

"We cannot be certain that any such financing will be available on
acceptable terms, or at all, and our failure to raise capital when
needed could limit our ability to continue and expand our
business.  We intend to overcome the circumstances that impact our
ability to remain a going concern through a combination of the
commencement of additional revenues, of which there can be no
assurance, with interim cash flow deficiencies being addressed
through additional equity and debt financing.  Our ability to
obtain additional funding for the remainder of the 2012 year and
thereafter will determine our ability to continue as a going
concern.  There can be no assurances that these plans for
additional financing will be successful.  Failure to secure
additional financing in a timely manner to repay our obligations
and supply us sufficient funds to continue our business operations
and on favorable terms if and when needed in the future could have
a material adverse effect on our financial performance, results of
operations and stock price and require us to implement cost
reduction initiatives and curtail operations.  Furthermore,
additional equity financing may be dilutive to the holders of our
common stock, and debt financing, if available, may involve
restrictive covenants, and strategic relationships, if necessary
to raise additional funds, and may require that we relinquish
valuable rights.  In the event that we are unable to repay our
current and long-term obligations as they come due, we could be
forced to curtail or abandon our business operations, and/or file
for bankruptcy protection; the result of which would likely be
that our securities would decline in value and/or become
worthless."


ERF WIRELESS: Incurs $2.2 Million Net Loss in Second Quarter
------------------------------------------------------------
ERF Wireless, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $2.25 million on $1.56 million of
total sales for the three months ended June 30, 2013, as compared
with a net loss attributable to the Company of $1.35 million on
$1.68 million of total sales for the same period during the prior
year.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to the Company of $3.91 million on $3.47 million
of total sales, as compared with a net loss attributable to the
Company of $2.32 million on $3.33 million of total sales for the
same period a year ago.

The Company's balance sheet at June 30, 2013, showed $6.80 million
in total assets, $10.69 million in total liabilities and a $3.88
million total shareholders' deficit.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/D81zSr

                         About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.

The Company incurred a consolidated net loss of $3.75 million for
the nine months ended Sept. 30, 2012, as compared with a
consolidated net loss of $2.32 million for the same period a year
ago.


EXCEL MARITIME: Committee Seeks to Retain Akin Gump as Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Excel Maritime
Carriers Ltd., et al. seeks court approval to retain Akin Gump
Strauss Hauer & Feld LLP as its counsel, nunc pro tunc to
July 10, 2013.

Akin Gump will be paid on an hourly basis in accordance with its
ordinary and customary hourly rates in effect on the date the
services are rendered, subject to Sections 330 and 331 of the
Bankruptcy Code.  The current hourly rates charged by Akin Gump
for professionals and paraprofessionals employed in its offices
are:

      Billing Category               Range
      ----------------               -----
      Partners                     $515 - $1,220
      Senior Counsel and Counsel   $455 - $880
      Associates                   $365 - $700
      Paraprofessionals            $145 - $325

The names, positions and current hourly rates of the Akin Gump
financial restructuring attorneys currently expected to have
primary responsibility for providing services to the Committee
are:

      Michael S. Stamer (Partner - Financial Restructuring
      Department) - $1,100/hour;

      Sarah Link Schultz (Partner - Financial Restructuring
      Department) - $850/hour;

      Kevin M. Eide (Associate - Financial Restructuring
      Department) - $650/hour;

      Jason S. Sharp (Associate - Financial Restructuring
      Department) - $400/hour.

The Committee also requests that the Court authorize Akin Gump to
retain foreign counsel to advise the Committee and Akin Gump on
certain limited issues relating to (i) disputes between Robertson
Maritime Investors, LLC, (ii) the European Union data protection
laws and the way they relate to the Debtors and their foreign non-
Debtor affiliates (iii) the validity and perfection of the liens
of the Debtors' prepetition secured lenders.

Nate Van Duzer, Managing Director, Special Situations, at Fidelity
Investments, as Chair of the Committee, says that as a result of
the disputes between Robertson and the Debtors involving Christine
Shipco LLC, the sole asset from which the Debtors propose to
provide a recovery to the unsecured creditors, the Committee may
need to seek guidance from counsel with expertise in the laws of
the Marshall Islands, the law governing
Christine Shipco's limited liability company agreement.

In addition, the Debtors assert that certain discoverable
information relating to this Court's discovery orders is protected
from disclosure by certain European Union data protection laws.
As a result, the Committee may need to seek advice from counsel
within the European Union regarding such issues.  Finally, in its
analysis of the liens of the Debtors' pre-petition secured
lenders, the Committee may require the
assistance of counsel in other foreign jurisdictions, including
Liberia, to determine the validity of such liens, explains Mr.
Duzer.

The Committee, therefore, requests that the Court authorize Akin
Gump to retain foreign counsel, if necessary, for the limited
purpose of advising the Committee on issues relating to the
interpretation and application of foreign law.  The Committee also
requests that Akin Gump be allowed to include the fees of such
retention in its fee statements and applications to the Court as
expenses, up to an amount not to exceed $75,000 per foreign
counsel (the Fee Cap).  Akin Gump will attach copies of any
Foreign Counsel's invoices to its fee statements and applications
to the Court.

To provide the Court and parties-in-interest with information
regarding each Foreign Counsel's disinterestedness, the Committee
proposes that no later than 30 days after the retention of a
Foreign Counsel, the Foreign Counsel will be required to file with
the Court and serve a verified statement pursuant to Bankruptcy
Rule 2014, upon the following parties:

   (a) the Debtors, c/o Maryville Maritime Inc., 17 Km of
       National Rd AthensLamia & Finikos St., 145 64 Nea Kifisia
       Athens, Greece

   (b) counsel to the Debtors, Skadden, Arps, Slate, Meagher &
       Flom LLP, Four Times Square, New York, NY 10036, Attn: Jay
       M. Goffman -- Jay.Goffman@skadden.com -- and Mark A.
       McDermott -- Mark.McDermott@skadden.com ;

   (c) the Office of the United States Trustee, U.S. Federal
       Office Building, 201 Varick Street, Suite 1006, New York,
       NY 10014, Attn: Paul K. Schwartzberg --
       Paul.Schwartzberg@usdoj.gov ;

   (d) counsel to any other official committee appointed in the
       Bankruptcy;

   (e) counsel to the Steering Committee, Holland & Knight LLP,
       10 St. James Avenue, Boston, MA 02116, Attn: John J.
       Monaghan -- John.Monaghan@hklaw.com

Upon receipt of each Verified Statement, the Notice Parties will
be given 20 day after service of such Verified Statement to object
to the retention of such Foreign Counsel.  If no objection is
served on or before the Objection Deadline, or if any objection is
timely resolved, the Committee requests that, without further
order of the Court, the employment, retention, and payment of the
Foreign Counsel be deemed approved nunc pro tunc to the date of
such Foreign Counsel's retention.  Akin Gump will not pay any
Foreign Counsel's fees or expenses until such Foreign Counsel's
retention be deemed approved in accordance with these procedures
and Akin Gump has been paid by the Debtors for such fees.  In no
event, however, shall Akin Gump be liable to any Foreign Counsel
for unpaid fees or expenses.

A notice of presentment of the application was signed by Michael
S. Stamer -- mstamer@akingump.com -- Sean E. O'Donnell --
sodonnell@akingump.com -- Sunish Gulati -- sgulati@akingump.com
-- and Sarah Link Schultz -- sschultz@akingump.com -- at Akin Gump
Strauss Hauer & Feld LLP.

                       About Excel Maritime

Based in Athens, Greece, Excel Maritime Carriers Ltd. --
http://www.excelmaritime.com/-- is an owner and operator of dry
bulk carriers and a provider of worldwide seaborne transportation
services for dry bulk cargoes, such as iron ore, coal and grains,
as well as bauxite, fertilizers and steel products.  Excel owns a
fleet of 40 vessels and, together with 7 Panamax vessels under
bareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax,
21 Panamax, 2 Supramax and 5 Handymax vessels) with a total
carrying capacity of approximately 3.9 million DWT.  Excel Class A
common shares have been listed since Sept. 15, 2005, on the New
York Stock Exchange (NYSE) under the symbol EXM and, prior to that
date, were listed on the American Stock Exchange (AMEX) since
1998.

The company blamed financial problems on low charter rates.

The balance sheet for December 2011 had assets of $2.72 billion
and liabilities totaling $1.16 billion.  Excel owes $771 million
to secured lenders with liens on almost all assets.  There is $150
million owing on 1.875 percent unsecured convertible notes.

Excel Maritime, filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 13-bk- 23060) on July 1, 2013, in New York after signing an
agreement where secured lenders owed $771 million support a
reorganization plan filed alongside the petition.

Excel, which sought bankruptcy with a number of affiliates, has
tapped Skadden, Arps, Slate, Meagher & Flom LLP, as counsel;
Miller Buckfire & Co. LLC, as investment banker; and Global
Maritime Partners Inc., as financial advisor.

A five-member official committee of unsecured creditors was
appointed by the U.S. Trustee.


EXCEL MARITIME: Gets OK to Hire Intermodal as Ship Broker
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized Excel Maritime Carriers Ltd., et al. to employ
Intermodal Shipbrokers Co. as ship broker in their chapter 11
cases, nunc pro tunc to the Petition Date.

Judge Drain ruled that:

(a) Intermodal is relieved of the obligation to maintain time
    records;

(b) Intermodal will be entitled to a commission only if the
    Vessels are sold to a buyer other than the Stalking Horse
    Bidder;

(c) Intermodal's commission, if any, shall be paid only out of
    proceeds of the sale of the Vessels; and

(d) Intermodal will be entitled to reimbursement for its
    reasonable out-of-pocket costs and expenses in connection
    with its engagement.

The Debtors must notify the United States Trustee and counsel for
the official committee of unsecured creditors of their intent to
pay a commission to Intermodal or reimburse out-of-pocket costs or
expenses, Judge Drain added.  If none of those parties objects by
5:00 p.m. (Eastern time) on the 5th business day after the
notification, on the 6th business day the Debtors are authorized
to pay the commission or reimbursement as an administrative
expense without further order of the Court.  If a party objects to
such intent, the matter will be set for hearing as soon as
reasonably practicable thereafter.

The Court further rules that with respect to the Indemnification
provision, the phrase ",other than claims, actions, suits,
demands, damages, liabilities, obligations, losses, settlements,
judgments, costs and expenses judicially determined by a court
of competent jurisdiction to have resulted primarily from the
breach of fiduciary duty, willful misconduct or gross negligence
of Intermodal, or its directors, officers, employees, agents and
stockholders." is added to the end of the sentence.

All requests for the payment of indemnification will be made by
means of an application to the Court and will be subject to review
by the Court to ensure that payment of the indemnity conforms to
the terms of the Engagement Letter and is reasonable under the
circumstances of the litigation or settlement in
respect of which indemnity is sought, Judge Drain held.

                       About Excel Maritime

Based in Athens, Greece, Excel Maritime Carriers Ltd. --
http://www.excelmaritime.com/-- is an owner and operator of dry
bulk carriers and a provider of worldwide seaborne transportation
services for dry bulk cargoes, such as iron ore, coal and grains,
as well as bauxite, fertilizers and steel products.  Excel owns a
fleet of 40 vessels and, together with 7 Panamax vessels under
bareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax,
21 Panamax, 2 Supramax and 5 Handymax vessels) with a total
carrying capacity of approximately 3.9 million DWT.  Excel Class A
common shares have been listed since Sept. 15, 2005, on the New
York Stock Exchange (NYSE) under the symbol EXM and, prior to that
date, were listed on the American Stock Exchange (AMEX) since
1998.

The company blamed financial problems on low charter rates.

The balance sheet for December 2011 had assets of $2.72 billion
and liabilities totaling $1.16 billion.  Excel owes $771 million
to secured lenders with liens on almost all assets.  There is $150
million owing on 1.875 percent unsecured convertible notes.

Excel Maritime, filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 13-bk- 23060) on July 1, 2013, in New York after signing an
agreement where secured lenders owed $771 million support a
reorganization plan filed alongside the petition.

Excel, which sought bankruptcy with a number of affiliates, has
tapped Skadden, Arps, Slate, Meagher & Flom LLP, as counsel;
Miller Buckfire & Co. LLC, as investment banker; and Global
Maritime Partners Inc., as financial advisor.

A five-member official committee of unsecured creditors was
appointed by the U.S. Trustee.


EXCEL MARITIME: Committee Taps Jefferies as Investment Banker
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Excel Maritime
Carriers Ltd., et al. seeks Court approval to retain Jefferies LLC
as its investment banker, nunc pro tunc to July 12, 2013.

The Committee said it needs an investment banker to assist it in
the critical tasks associated with guiding the Committee through
the Debtors' reorganization efforts, Nate Van Duzer, Managing
Director, Special Situations, at Fidelity Investments, as Chair of
the Committee, explains.

In exchange for the firm's services, and subject to Court
approval, Jeffries will be paid:

* A monthly fee equal to $125,000 per month until the expiration
  or termination of the engagement.  The first Monthly Fee was
  due as of July 12, 2013 and will be payable immediately upon
  Bankruptcy Court approval of the engagement (with, for the
  avoidance of doubt, the Monthly Fees being deemed to have
  accrued beginning on the date of the engagement) and each
  subsequent Monthly Fee shall be due and payable in advance on
  the 12 monthly anniversary thereafter.

* Transaction Fee:  Upon the consummation (including, without
  limitation, the effective date of any chapter 11 plan  in the
  Chapter 11 cases) of a Transaction, a fee equal to $1,250,000.
  With respect to any Chapter 11 plan, the Transaction Fee will
  be due and payable on the effective date of a plan of
  reorganization in the Chapter 11 cases.

* Expenses: In addition to any fees that may be paid to
  Jefferies, whether or not any Transaction occurs, the Debtors
  will reimburse Jefferies for all out-of-pocket expenses
  (including reasonable fees and expenses of its counsel, and the
  reasonable fees and expenses of any other independent experts
  retained by of each Jefferies) incurred by Jefferies and its
  designated affiliates in connection with the engagement
  in accordance with any orders entered by the Bankruptcy Court
  governing the reimbursement of expenses incurred by court-
  retained professionals.

The Committee and Jefferies also seek approval of indemnification
provisions in the parties' engagement letter.

Mr. Van Duzer says the employment of Jefferies, effective as of
July 12, 2013, is in the best interests of the Committee, the
Debtors and their estates and creditors.

                       About Excel Maritime

Based in Athens, Greece, Excel Maritime Carriers Ltd. --
http://www.excelmaritime.com/-- is an owner and operator of dry
bulk carriers and a provider of worldwide seaborne transportation
services for dry bulk cargoes, such as iron ore, coal and grains,
as well as bauxite, fertilizers and steel products.  Excel owns a
fleet of 40 vessels and, together with 7 Panamax vessels under
bareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax,
21 Panamax, 2 Supramax and 5 Handymax vessels) with a total
carrying capacity of approximately 3.9 million DWT.  Excel Class A
common shares have been listed since Sept. 15, 2005, on the New
York Stock Exchange (NYSE) under the symbol EXM and, prior to that
date, were listed on the American Stock Exchange (AMEX) since
1998.

The company blamed financial problems on low charter rates.

The balance sheet for December 2011 had assets of $2.72 billion
and liabilities totaling $1.16 billion.  Excel owes $771 million
to secured lenders with liens on almost all assets.  There is $150
million owing on 1.875 percent unsecured convertible notes.

Excel Maritime, filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 13-bk- 23060) on July 1, 2013, in New York after signing an
agreement where secured lenders owed $771 million support a
reorganization plan filed alongside the petition.

Excel, which sought bankruptcy with a number of affiliates, has
tapped Skadden, Arps, Slate, Meagher & Flom LLP, as counsel;
Miller Buckfire & Co. LLC, as investment banker; and Global
Maritime Partners Inc., as financial advisor.

A five-member official committee of unsecured creditors was
appointed by the U.S. Trustee.


EXIDE TECHNOLOGIES: Court Approves CEO and CFO Designation
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware issued a
supplemental order on August 16 to its order authorizing Exide
Technologies to employ Alvarez & Marsal North America, LLC, to (a)
approve the designation of Robert M. Caruso as president and chief
executive officer, and Ed Mosley as chief restructuring officer,
and (b) approving paragraph 4(d) of the engagement letter.

                     About Exide Technologies

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

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick And Company Inc. as public relations consultant
and GCG as claims agent.

The Debtor disclosed $1.89 billion in assets and $1.14 billion in
liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.


EXIDE TECHNOLOGIES: Committee Gets OK to Tap Guggenheim as Banker
-----------------------------------------------------------------
The Official Committee of Exide Technologies' Unsecured Creditors
obtained approval from Judge Kevin J. Carey to retain Guggenheim
Securities LLC as its investment banker, effective as of June 24,
2013.

Judge Carey approved indemnification provisions in the parties'
engagement letter, and held that Guggenheim Securities will only
be entitled to the payment of an Expert Fee for the production of
an expert report and that fee will only be payable upon the
approval of any fee statement or application requesting for
payment of that fee.

                     About Exide Technologies

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

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP represented the Debtors in their successful
restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial
advisor; Sitrick And Company Inc. as public relations consultant
and GCG as claims agent.

The Debtor disclosed $1.89 billion in assets and $1.14 billion in
liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants and financial advisors.


FENWICK AUTOMOTIVE: Tiger Group Conducts Bid Offering for Assets
----------------------------------------------------------------
Tiger Group's Remarketing Services Division is liquidating the
former assets of one of North America's biggest auto parts
suppliers -- Fenco (Fenwick Automotive Products Ltd., Introcan and
related entities) -- in a bid offering that closes on Aug. 29 at
12:00 p.m. ET.

The court-supervised sale, which includes inventory and equipment
groupings in Pennsylvania, California, Canada and Mexico, is
extraordinary in scope and scale, said Andy Babcock, Tiger Group's
Director of Inventory Strategies.  "Fenco was a major supplier to
companies like AutoZone, GM and NAPA Auto Parts, with annual
revenues of approximately $200 million," Mr. Babcock noted.  "This
sealed-bid offering includes the gamut of Fenco's assets, from
complete business units and equipment groupings, to receivables,
real estate, IP and some $60 million in diverse inventory."

On June 10, 2013, Fenwick, Introcan and related entities filed for
Chapter 7 in the U.S. Bankruptcy Court in Wilmington, Del.  The
Torrance, Calif.-based companies had sold new and remanufactured
parts under private-label and the Fenco and DynaPak brand names
for passenger vehicles and trucks sold across the globe.  Parts
sold by the companies included steering components, brake
calipers, master cylinders, hub assemblies, clutches and
hydraulics.

As part of the bid offering, major asset groupings are available
to interested parties, Tiger announced.  Examples of such
groupings include the complete Fenco operation, the wheel-hub
business unit, the equity interest in Fenco's FAPCO Maquiladora
operation in Mexico, or all inventory of a particular product
line.

With an at-cost value of $30 million, the finished goods include
new and remanufactured aftermarket auto parts, as well as product
lines such as steering systems, brake calipers, wheel hubs, brake
master cylinders, CV joints, clutches and more.

The cores available in the sale have a total at-cost value of $18
million.  These include power steering pumps, gears, rack-and-
pinion, brake calipers and brackets, master cylinders, clutch
kits, masters and slaves, and CV Joints. All cores are sorted,
organized and layered in steel bins by part number and will be
sold with the bins.

With an at-cost value of $12 million, the available raw material
includes new imported brackets, semi-loaded and complete calipers,
bleeder kits, O-rings, rack-and-pinion seals, tier rods, pump
reservoirs, valves, shafts and much more, along with all related
packaging.

The manufacturing and remanufacturing equipment being sold include
grinders, shot blasters, finishing equipment, machine shops,
testing equipment and material-handling equipment, along with
pallet racking, trailers, and a wide variety of hand and power
tools.

The accounts receivable are listed at $31 million.  In addition,
the Fenco and Dynapak Trademarks, along with the parts database
and domain names such as Fencoparts.com and Fencotechhelp.com, are
available for purchase.

On the real estate side, the sale includes a 50,000-sq.-ft.
facility in Lock Haven, Penn.

For a full description of the inventory and details on how to bid,
visit: http://www.SoldTiger.com

                        About Tiger Group

Tiger Group -- http://www.TigerGroup.com-- provides asset
valuation, advisory and disposition services to a broad range of
retail, wholesale, and industrial clients.  With over 40 years of
experience and significant financial backing, Tiger offers a
uniquely nimble combination of expertise, innovation and financial
resources to drive results.  Tiger's seasoned professionals help
clients identify the underlying value of assets, monitor asset
risk factors and, when needed, provide capital or convert assets
to capital quickly and decisively.  Tiger's collaborative,
straight-forward approach is the foundation for its many long-term
'partner' relationships and decades of success.  Tiger operates
main offices in Boston, Los Angeles and New York.


FIBERTOWER NETWORK: Exclusive Filing Period Expires Sept. 16
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
entered on Aug. 20, 2013, a bridge order extending the period
within which FiberTower Network Service Corp., et al.'s exclusive
periods to file and obtain acceptances of a plan until Sept. 16,
2013, and Nov. 15, 2013, respectively.

Counsel for the Debtor can be reached at:

     Paul N. Silverstein, Esq.
     Jonathan I. Levine, Esq.
     Michelle V. Larson, Esq.
     ANDREWS KURTH LLP
     1717 Main Street, Suite 3700
     Dallas, TX 75201
     Tel: (214) 659-4400
     Fax: (214) 659-4401
     E-mail: paulsilverstein@andrewskurth.com
            jonathanlevine@andrewskurth.com
            michellelarson@andrewskurth.com

                      About FiberTower Corp.

FiberTower Corporation, FiberTower Network Services Corp.,
FiberTower Licensing Corp., and FiberTower Spectrum Holdings
LLC filed for Chapter 11 protection (Bankr. N.D. Tex. Case Nos.
12-44027 to 12-44031) on July 17, 2012, together with a plan
support agreement struck with prepetition secured noteholders.

FiberTower is an alternative provider of facilities-based backhaul
services, principally to wireless carriers, and a national
provider of millimeter-band spectrum services.  Backhaul is the
transport of voice, video and data traffic from a wireless
carrier's mobile base station, or cell site, to its mobile
switching center or other exchange point.  FiberTower provides
spectrum leasing services directly to other carriers and
enterprise clients, and also offer their spectrum services through
spectrum brokerage arrangements and through fixed wireless
equipment partners.

FiberTower's significant asset is the ownership of a national
spectrum portfolio of 24 GHz and 39 GHz wide-area spectrum
licenses, including over 740 MHz in the top 20 U.S. metropolitan
areas and, in the aggregate, roughly 1.72 billion channel pops
(calculated as the number of channels in a given area multiplied
by the population, as measured in the 2010 census, covered by
these channels).  FiberTower believes the Spectrum Portfolio
represents one of the largest and most comprehensive collections
of millimeter wave spectrum in the U.S., covering areas with a
total population of over 300 million.

As of the Petition Date, FiberTower provides service to roughly
5,390 customer locations at 3,188 deployed sites in 13 markets
throughout the U.S.  The fixed wireless portion of these hybrid
services is predominantly through common carrier spectrum in the
11, 18 and 23 GHz bands.  FiberTower's biggest service markets are
Dallas/Fort Worth and Washington, D.C./Baltimore, with additional
markets in Atlanta, Boston, Chicago, Cleveland, Denver, Detroit,
Houston, New York/New Jersey, Pittsburgh, San Antonio/Austin/Waco
and Tampa.

As of June 30, 2012, FiberTower's books and records reflected
total combined assets, at book value, of roughly $188 million and
total combined liabilities of roughly $211 million.  As of the
Petition Date, FiberTower had unrestricted cash of roughly $23
million.  For the six months ending June 30, 2012, FiberTower had
total revenue of roughly $33 million.  With the help of FTI
Consulting Inc., FiberTower's preliminary valuation work shows
that the Company's enterprise value is materially less than $132
million -- i.e., the approximate principal amount of the 9.00%
Senior Secured Notes due 2016 outstanding as of the Petition Date.
The preliminary valuation work is based upon the assumption that
FiberTower's spectrum licenses will not be terminated.  Fibertower
Spectrum disclosed $106,630,000 in assets and $175,501,975 in
liabilities as of the Chapter 11 filing.

Judge D. Michael Lynn oversees the Chapter 11 case.  Lawyers at
Andrews Kurth LLP serve as the Debtors' lead counsel.  Lawyers at
Hogan Lovells and Willkie Farr and Gallagher LLP serve as special
FCC counsel.  FTI Consulting serve as financial advisor.  BMC
Group Inc. serve as claims and noticing agent.  The petitions were
signed by Kurt J. Van Wagenen, president.

Wells Fargo Bank, National Association -- as indenture trustee and
collateral agent to the holders of 9.00% Senior Secured Notes due
2016 owed roughly $132 million as of the Petition Date -- is
represented by Eric A. Schaffer, Esq., at Reed Smith LLP.  An Ad
Hoc Committee of Holders of the 9% Secured Notes Due 2016 is
represented by Kris M. Hansen, Esq., and Sayan Bhattacharyya,
Esq., at Stroock & Stroock & Lavan LLP.  Wells Fargo and the Ad
Hoc Committee also have hired Stephen M. Pezanosky, Esq., and Mark
Elmore, Esq., at Haynes and Boone, LLP, as local counsel.

U.S. Bank, National Association -- in its capacity as successor
indenture trustee and collateral agent to holders of the 9.00%
Convertible Senior Secured Notes due 2012, owed $37 million as of
the Petition Date -- is represented by Michael B. Fisco, Esq., at
Faegre Baker Daniels LLP, as counsel and J. Mark Chevallier, Esq.,
at McGuire Craddock & Strother PC as local counsel.

William T. Neary, the U.S. Trustee for Region 6 appointed five
members to the Official Committee of Unsecured Creditors in the
Debtors' cases.  The Committee is represented by Otterbourg,
Steindler, Houston & Rosen, P.C., and Cole, Schotz, Meisel, Forman
& Leonard, P.A.  Goldin Associates, LLC serves as its financial
advisors.

In May 2013, FiberTower sought and obtained Court authority to
sell their telecommunications equipment and employ American
Communications, LLC, as telecommunications equipment reseller.
According to the Debtors, the telecommunications equipment, which
was a part of their backhaul business, is no longer necessary in
the conduct of their business.  They, however, believe that the
equipment may have resale value that would benefit their estates.

In February 2013, FiberTower filed with the Court a motion to sell
assets that are primarily utilized by the Debtors to provide
wireless backhaul services in the State of Ohio to Cellco
Partnership (dba Verizon Wireless) free and clear for $1.5
million.  Verizon Wireless will also pay the pre-closing, monthly
operating costs incurred by the Debtors in connection with
operating the business in an amount not to exceed $258,000 per
month and a monthly fee of $20,000 for certain transition services
relating to the assets following the closing.


FIELD FAMILY: Oct. 2 Hearing to Approve Amended Plan
----------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
will convene a hearing on Oct. 2, 2013, at 1:30 p.m., to consider
confirmation of Field Family Associates, LLC's Chapter 11 Plan.
Objections, if any, are due Sept. 23.

Ballots accepting or rejecting the Plan are due Sept. 23, at
5 p.m.  Voting report is Sept. 26.

According to the Debtor's case docket, the Court approved the
Disclosure Statement, and solicitation and voting procedures.

According to the First Amended Disclosure Statement dated Aug. 20,
the Plan proposes, among other things, that each holder of an
Allowed Other Secured Claim in will receive, in full satisfaction
thereof, at the Debtor's sole discretion, either (a) payment in
full of such Allowed Other Secured Claim in cash on the Effective
Date, or (b) the Debtor will permit the holder of such other
Secured Claim to recover the property that secures the Allowed
Other Secured Claim.

General Unsecured Claimants will receive amortized quarterly
payments equal to their Allowed Claim over a four-year period with
interest at the rate of one percent per annum, with the first
payment to be made on the Effective Date and on the first business
day of each quarter thereafter with the final payment to be made
on the fourth anniversary of the Effective Date.

Member Interests of the existing members of the Debtor will remain
equal to the Interest of the member in the Debtor as of the
Petition Date.

The payments required to be made on the Effective Date will be
made using the cumulative surplus of cash from operations or
proceeds of a loan in the approximate amount of $2 million from an
affiliate.  Payments due under the Plan after the Effective Date
will be funded either by the Affiliate Loan or by the operation of
the property.

A copy of the First Amended Disclosure Statement is available for
free at http://bankrupt.com/misc/FIELD_FAMILY_1ds.pdf

The Debtor's counsel can be reached at:

         Lawrence G. McMichael, Esq.
         Peter C. Hughes, Esq.
         Catherine G. Pappas, Esq.
         DILWORTH PAXSON LLP
         1500 Market Street, Suite 3500E
         Philadelphia, PA 19102
         Tel: (215) 575-7000
         Fax: (215) 575-7200

As reported in the Troubled Company Reporter on July 10, 2013, the
Plan, which was filed on June 27, 2013, contemplates the
reorganization of the Debtor and the satisfaction of all
outstanding Claims against the Debtor over time.

The Plan will be funded from cash on hand, cash from future
operations, and a loan in the approximate amount of $2 million
from LaGuardia Express LLC, an affiliate of the Debtor.  All
Claims will be satisfied by cash payments or the issuance of cash
flow notes to be issued by the Debtor.  Existing LLC interests in
the Debtor will be preserved in the Reorganized Debtor.

Pursuant to the Plan:

  -- Holders of priority tax claims estimated at $452,069
     (Class 1), secured tax claims estimated at $111,796
     (Class 2), and general unsecured claims estimated at $809,253
     (Class 5) will receive the same treatment.  They will receive
     amortized quarterly payments equal to their allowed claims
     over a four-year period with interest at the rate of 1% per
     annum, with the firm payment made on the Effective Date.

  -- Wells Fargo, as trustee (Class 3), which has an estimated
     claim of $31,328,991 (claim of $39,501,576 less $8,172,584
     defeasance fee of $8,172,587), will receive a: (i) a
     restructuring fee of 0.5 percent of the principal amount of
     $30,930,650, (ii) interest-only payments from the Effective
     Date to the date which is 18 months after the Effective Date,
     which will accrue at a fixed rate of 5.5% per annum, (iii) at
     the option of the Debtor, full by payment in cash on the
     Effective Date of (i) principal in the amount of $30,930,650;
     (ii) accrued and unpaid interest owed on the Note at the
     default rate provided in the Note through the Effective Date;
     and (iii) any amounts for late fees, attorney's fees, and
     other reasonable fees. The Debtor believes that the Plan
     will be acceptable to Wells Fargo.

  -- Holders of "affiliate unsecured claims" (Class 6) will
     receive, on the Effective Date, a cash flow note which will
     accrue interest at 1% per annum but provide for no payments
     from the Debtor until the repayment in full of all amounts
     due to all of the Debtor's other creditors holding claims on
     the Effective Date.

  -- Holders of interests (Class 7) are unimpaired.

A copy of the disclosure statement is available at:

        http://bankrupt.com/misc/fieldfamily.doc229.pdf

                        About Field Family

Five creditors filed an involuntary Chapter 11 bankruptcy petition
against King of Prussia, Pa.-based Field Family Associates, LLC
(Bankr. E.D. Pa. Case No. 12-16331) on July 2, 2012.  On Sept. 6,
2012, a sixth creditor filed a Joinder in the involuntary Chapter
11 Petition.  The Court entered an order for relief on Sept. 12,
2012.  The Debtor owns and operates a 216-room hotel located at
144-10 135th Steet, in Jamaica, New York.

Judge Stephen Raslavich presides over the case.  Catherine G.
Pappas, Esq., Lawrence G. McMichael, Esq., and Peter C. Hughes,
Esq., at Dilworth Paxson LLP, in Philadelphia, Pa., represent the
Alleged Debtor as counsel.  Ashely M. Chan, Esq., at Hangley
Aronchick Segal & Pudlin, in Philadelphia, Pa., represents the
petitioning creditors as counsel.

The U.S. Trustee appointed a three-member creditors committee.
Hangley Aronchick Segal Pudline & Schiller represents the
Committee.


FIRST NATIONAL: Divests Monroe County Branch Banking Activities
---------------------------------------------------------------
First National Community Bancorp, Inc., the parent company of
Dunmore-based First National Community Bank, announced the
execution of a Purchase and Assumption Agreement for the sale of
its retail banking activities in Monroe County, Pennsylvania, to
ESSA Bank & Trust, the wholly owned subsidiary of ESSA Bancorp,
Inc. (NasdaqGS:ESSA).  The transaction is subject to regulatory
approvals and is expected to close in the fourth quarter of 2013.

"The divesture of our Monroe County branch banking activities will
provide FNCB with an immediate financial benefit, and is expected
to further strengthen our capital position," said Steven R.
Tokach, president and chief executive officer.  "Our decision to
exit retail banking activities in Monroe County is strategically
consistent with the steps we've taken to improve operating
efficiency and profitability.  The decision to sharpen the focus
of our retail banking activities, along with investments in our
infrastructure and product enhancements, will elevate our efforts
to strengthen market share in our core service areas in
Lackawanna, Luzerne and Wayne counties. We thank our employees and
customers in Monroe County for their loyalty and support, and we
are confident that ESSA will continue to serve these markets well.
Our team will work closely with ESSA in the coming months to
assure a smooth transition of the Monroe County customer
accounts."

A copy of the Agreement is available for free at:

                        http://is.gd/w06G8j

                        About First National

Headquartered in Dunmore, Pa., First National Community Bancorp,
Inc., is a Pennsylvania corporation, incorporated in 1997 and is
registered as a bank holding company under the Bank Holding
Company Act ("BHCA") of 1956, as amended.  The Company became an
active bank holding company on July 1, 1998, when it acquired
ownership of First National Community Bank (the "Bank").  The Bank
is a wholly-owned subsidiary of the Company.

The Company's primary activity consists of owning and operating
the Bank, which provides customary retail and commercial banking
services to individuals and businesses.  The Bank provides
practically all of the Company's earnings as a result of its
banking services.

First National disclosed a net loss of $13.71 million on $37.02
million of total interest income for the year ended Dec. 31, 2012,
as compared with a net loss of $335,000 on $42.93 million of total
interest income in 2011.  The Company's balance sheet at March 31,
2013, showed $929.52 million in total assets, $892.70 million in
total liabilities and $36.81 million in total shareholders'
equity.

                        Regulatory Matters

The Bank is under a Consent Order from the Office of the
Comptroller of the Currency dated Sept. 1, 2010.  The Company is
also subject to a Written Agreement with the Federal Reserve Bank
of Philadelphia dated Nov. 24, 2010.

The Bank, pursuant to a Stipulation and Consent to the Issuance of
a Consent Order dated Sept. 1, 2010, without admitting or denying
any wrongdoing, consented and agreed to the issuance of the Order
by the OCC, the Bank's primary regulator.  The Order requires the
Bank to undertake certain actions within designated timeframes,
and to operate in compliance with the provisions thereof during
its term.  The Order is based on the results of an examination of
the Bank as of March 31, 2009.  Since the examination, management
has engaged in discussions with the OCC and has taken steps to
improve the condition, policies and procedures of the Bank.
Compliance with the Order is monitored by a committee of at least
three directors, none of whom is an employee or controlling
shareholder of the Bank or its affiliates or a family member of
any such person.  The Committee is required to submit written
progress reports on a monthly basis to the OCC and the Agreement
requires the Bank to make periodic reports and filings with the
Federal Reserve Bank.  The members of the Committee are John P.
Moses, Joseph Coccia, Joseph J. Gentile and Thomas J. Melone.

Banking regulations also limit the amount of dividends that may be
paid without prior approval of the Bank's regulatory agency.  At
Dec. 31, 2012, the Company and the Bank are restricted from paying
any dividends, without regulatory approval.


FIRST SECURITY: Files Form 10-Q, Incurs $4MM Net Loss in Q2
-----------------------------------------------------------
First Security Group, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended June 30, 2013, disclosing a net loss of $3.99 million
on $7.78 million of total interest income for the three months
ended June 30, 2013, as compared with a net loss of $7.27 million
on $9.58 million of total interest income for the same period last
year.

For the six months ended June 30, 2013, the Company reported a net
loss of $11.37 million on $15.59 million of total interest income,
as compared with a net loss of $13.10 million on $19.27 million of
total interest income for the same period a year ago.

The Company reported a net loss of $23.06 million in 2011, a net
loss of $44.34 million in 2010, and a net loss of $33.45 million
in 2009.

As of June 30, 2013, the Company had $1.06 billion in total
assets, $979.99 million in total liabilities and $86.65 million in
total shareholders' equity.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/yvlOLi

                      Rights Offering Amendment

The Company filed a pre-effective amendment to its Form S-1
registration statement relating to the distribution, at no charge
to shareholders of non-transferable subscription rights to
purchase up to 3,329,234 shares of the Company's common stock,
$0.01 par value per share.  Subscription rights will be
distributed only to persons who owned shares of the Company's
common stock as of 5:00 p.m. Eastern Time, on April 10, 2013, the
record date of the rights offering.

Each subscription right will entitle a shareholder to purchase two
shares of the Company's common stock at the subscription price of
$1.50 per share for each share of common stock owned by that
shareholder on the record date.

The subscription rights will expire if they are not exercised by
5:00 p.m., Eastern Time, on Sept. 20, 2013.  The Company reserves
the right to extend the expiration date one or more times, but in
no event will the Company extend the rights offering beyond
Oct. 18, 2013.

The Company's common stock is traded on the NASDAQ Capital Market
under the trading symbol "FSGI."  The last reported sales price
for shares of the Company's common stock on Aug. 15, 2013, was
$2.32 per share.

A copy of the amended Form S-1 is available for free at:

                         http://is.gd/xLTjVV

                      About First Security Group

First Security Group, Inc., is a bank holding company
headquartered in Chattanooga, Tennessee, with $1.2 billion in
assets as of Sept. 30, 2010.  Founded in 1999, First
Security's community bank subsidiary, FSGBank, N.A., has 37 full-
service banking offices, including the headquarters, along the
interstate corridors of eastern and middle Tennessee and northern
Georgia and 325 full-time equivalent employees.  In Dalton,
Georgia, FSGBank operates under the name of Dalton Whitfield Bank;
along the Interstate 40 corridor in Tennessee, FSGBank operates
under the name of Jackson Bank & Trust.

In the auditors' report accompanying the financial statements for
year ended Dec. 31, 2011, Joseph Decosimo and Company, PLLC, in
Chattanooga, Tennessee, expressed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company has recently incurred substantial
losses.  The Company is also operating under formal supervisory
agreements with the Federal Reserve Bank of Atlanta and the Office
of the Comptroller of the Currency and is not in compliance with
all provisions of the Agreements.  Failure to achieve all of the
Agreements' requirements may lead to additional regulatory
actions.


FLORIDA GAMING: Incurs $22.3 Million Net Loss in Second Quarter
---------------------------------------------------------------
Florida Gaming Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss attributable to common shareholders of $22.32 million
on $15.02 million of net revenue for the three months ended
June 30, 2013, as compared with a net loss attributable to common
shareholders of $2.62 million on $12.53 million of net revenue for
the same period a year ago.

For the six months ended June 30, 2013, the Company reported a net
loss attributable to common shareholders of $23.57 million on
$27.99 million of net revenue, as compared with a net loss
attributable to common shareholders of $7.03 million on $22.27
million of net revenue for the same period last year.

The Company's balance sheet at June 30, 2013, showed $75.09
million in total assets, $149.07 million in total liabilities and
a $73.97 million total stockholders' deficiency.

A copy of the Form 10-Q is available for free at:

                      http://is.gd/Mwsjfd

                      About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company listed debt of $138.3 million and assets of
$180 million in its petition.

Its parent, Florida Gaming Corp. (FGMG:US), and two other
affiliates also sought court protection.

Florida Gaming previously negotiated a sale of virtually all its
assets to casino operator Silvermark LLC for $115 million in cash
and $14 million in assumed liabilities.  A provision in the
financing agreement required Florida Gaming to make an additional
payment to the lender -- ABC Funding -- if the assets are sold to
third party.  Jefferies LLC was hired to determine that amount,
about $26.8 million, and valued the company at more than $180
million.

Luis Salazar, Esq., Esq., at Salazar Jackson in Miami, represents
Florida Gaming.


FOUR DOGS: Case Summary & 3 Unsecured Creditors
-----------------------------------------------
Debtor: Four Dogs, LLC
        5985 King Road
        Howell, MI 48843

Bankruptcy Case No.: 13-32907

Chapter 11 Petition Date: August 23, 2013

Court: United States Bankruptcy Court
       Eastern District of Michigan (Flint)

Judge: Daniel S. Opperman

Debtor's Counsel: Ryan D. Heilman, Esq.
                  Scott A. Wolfson, Esq.
                  WOLFSON BOLTON PLLC
                  3150 Livernois, Suite 275
                  Troy, MI 48083
                  Tel: (248) 247-7070
                  Fax: (248) 247-7099
                  E-mail: rheilman@wolfsonbolton.com
                          swolfson@wolfsonbolton.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 three largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/mieb13-32907.pdf

The petition was signed by Tibor Horvath, member and authorized
representative.


FREESEAS INC: Issues 1.1MM Add'l Settlement Shares to Hanover
-------------------------------------------------------------
FreeSeas Inc. issued and delivered to Hanover Holdings I, LLC,
1,150,000 additional settlement shares pursuant to the terms of
the Settlement Agreement approved by the Supreme Court of the
State of New York, County of New York, on June 25, 2013, in the
matter entitled Hanover Holdings I, LLC v. FreeSeas Inc., Case No.
651950/2013.

Hanover commenced the Action against the Company on May 31, 2013,
to recover an aggregate of $5,331,011 of past-due accounts payable
of the Company, plus fees and costs.  The Order provides for the
full and final settlement of the Claim and the Action.

Pursuant to the terms of the Settlement Agreement approved by the
Order, on June 26, 2013, the Company issued and delivered to
Hanover 890,000 shares of the Company's common stock, $0.001 par
value, and between July 2, 2013, and Aug. 14, 2013, the Company
issued and delivered to Hanover an aggregate of 13,158,000
Additional Settlement Shares.

A copy of the Form 6-K is available for free at:

                        http://is.gd/tMYN33

                         About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas disclosed a net loss of US$30.88 million in 2012, a net
loss of US$88.19 million in 2011, and a net loss of US$21.82
million in 2010.  The Company's balance sheet at Dec. 31, 2012,
showed US$114.35 million in total assets, $106.55 million in
total liabilities and US$7.80 million in total shareholders'
equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that the Company has
incurred recurring operating losses and has a working capital
deficiency.  In addition, the Company has failed to meet
scheduled payment obligations under its loan facilities and has
not complied with certain covenants included in its loan
agreements.  It has also failed to make required payments to
Deutsche Bank Nederland as agreed to in its Sept. 7, 2012,
amended and restated facility agreement and received notices of
default from First Business Bank.  Furthermore, the vast majority
of the Company's assets are considered to be highly illiquid and
if the Company were forced to liquidate, the amount realized by
the Company could be substantially lower that the carrying value
of these assets.  These conditions, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


FREESEAS INC: Issues 1.2MM Add'l Settlement Shares to Hanover
-------------------------------------------------------------
FreeSeas Inc. issued and delivered to Hanover Holdings I, LLC,
1,175,000 additional settlement shares pursuant to the terms of
the Settlement Agreement approved by the Supreme Court of the
State of New York, County of New York, on June 25, 2013, in the
matter entitled Hanover Holdings I, LLC v. FreeSeas Inc., Case No.
651950/2013.

Hanover commenced the Action against the Company on May 31, 2013,
to recover an aggregate of $5,331,011 of past-due accounts payable
of the Company, plus fees and costs.  The Order provides for the
full and final settlement of the Claim and the Action.

As previously reported, pursuant to the terms of the Settlement
Agreement approved by the Order, on June 26, 2013, the Company
issued and delivered to Hanover 890,000 shares of the Company's
common stock, $0.001 par value, and between July 2, 2013, and
Aug. 16, 2013, the Company issued and delivered to Hanover an
aggregate of 14,308,000 additional settlement shares.

A copy of the Form 6-K is available for free at:

                        http://is.gd/Q08ikG

                        About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas disclosed a net loss of US$30.88 million in 2012, a net
loss of US$88.19 million in 2011, and a net loss of US$21.82
million in 2010.  The Company's balance sheet at Dec. 31, 2012,
showed US$114.35 million in total assets, $106.55 million in
total liabilities and US$7.80 million in total shareholders'
equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that the Company has
incurred recurring operating losses and has a working capital
deficiency.  In addition, the Company has failed to meet
scheduled payment obligations under its loan facilities and has
not complied with certain covenants included in its loan
agreements.  It has also failed to make required payments to
Deutsche Bank Nederland as agreed to in its Sept. 7, 2012,
amended and restated facility agreement and received notices of
default from First Business Bank.  Furthermore, the vast majority
of the Company's assets are considered to be highly illiquid and
if the Company were forced to liquidate, the amount realized by
the Company could be substantially lower that the carrying value
of these assets.  These conditions, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


FUSION TELECOMMUNICATIONS: Posts $1.6 Million Net Income in Q2
--------------------------------------------------------------
Fusion Telecommunications International, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing net income applicable to common stockholders of
$1.58 million on $14.23 million of revenues for the three months
ended June 30, 2013, as compared with a net loss applicable to
common stockholders of $1.33 million on $10.21 million of revenues
for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss applicable to common stockholders of $110,102 on $30.39
million of revenues, as compared with a net loss applicable to
common stockholders of $2.22 million on $21.75 million of revenues
for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $27.32
million in total assets, $31.16 million in total liabilities and a
$3.84 million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/Ib1LEp

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

The Company reported a net loss of $5.20 million in 2012, as
compared with a net loss of $4.45 million in 2011.

Rothstein Kass, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has had negative working capital balances, incurred
negative cash flows from operations and net losses since
inception, and has limited capital to fund future operations that
raises a substantial doubt about their ability to continue as a
going concern.


GLOBALSTAR INC: Files Form 10-Q, Incurs $126.3MM Loss in Q2
-----------------------------------------------------------
Globalstar, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $126.27 million on $19.83 million of total revenue for the
three months ended June 30, 2013, as compared with a net loss of
$27.53 million on $19.98 million of total revenue for the same
period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $151.35 million on $39.16 million of total revenue, as
compared with a net loss of $52.05 million on $36.71 million of
total revenue for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.37 billion
in total assets, $953.44 million in total liabilities and $421.25
million in total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/RSwAuj

                         About Globalstar

Covington, Louisiana-based Globalstar Inc. provides mobile
satellite voice and data services.  Globalstar offers these
services to commercial and recreational users in more than 120
countries around the world.  The Company's products include mobile
and fixed satellite telephones, simplex and duplex satellite data
modems and flexible service packages.

Globalstar reported a net loss of $25.1 million on $19.3 million
of revenue for the three months ended March 31, 2013, compared
with a net loss of $24.5 million on $16.7 million of revenue for
the same period last year.

The Company said in its Form 10-Q for the quarter ended March 31,
2013, "We currently lack sufficient resources to meet our existing
contractual obligations over the next 12 months.  As a result,
there is substantial doubt that we can continue as a going
concern.  In order to continue as a going concern, we must obtain
additional external financing; amend the Facility Agreement and
certain other contractual obligations; and restructure the 5.75%
Notes.


GREAT LAKES: Moody's Lowers CFR to B3 & Unsecured Notes to Caa1
---------------------------------------------------------------
Moody's Investors Service downgraded Great Lakes Dredge & Dock
Corporation's ratings including its Corporate Family Rating to B3
from B2 and Probability of Default Rating to B3-PD from B2-PD.
Concurrently, Moody's lowered the ratings on the company's
unsecured notes due 2019 to Caa1 from B3. Great Lakes' speculative
grade liquidity rating was affirmed at SGL-3. The ratings outlook
was changed to stable from negative.

The ratings downgrade was prompted by Great Lakes' weaker-than-
expected operating performance and Moody's view that,
notwithstanding some improvement expected during the second half
of 2013, the company's credit metrics will likely remain at levels
more reflective of a B3 rating. Uncertainty regarding the degree
of intermediate term free cash flow improvement, weaker than
expected cash balances and tight covenant headroom were also
considered in the downgrade.

According to Moody's Analyst Gigi Adamo, "we expect the dredging
business to show stronger results during the second half of 2013,
but the demolition business will probably remain a drag on
earnings and cash flow."

Ratings downgraded:

  Corporate Family Rating to B3 from B2;

  Probability of Default Rating to B3-PD from B2-PD;

  $250 million 7.375% Senior Unsecured Notes due 2019 to Caa1
  (LGD-5, 70%) from B3 (LGD-4, 58%)

Ratings affirmed:

  Speculative Grade Liquidity Rating, affirmed at SGL-3

Outlook actions:

Outlook, changed to stable from negative

Ratings Rationale:

Great Lakes' recent operating performance has been below
expectations, as a result of a $21.5 million impairment charge in
its demolition business in the quarter ended June 30, 2013, as
well as delays in certain of the company's dredging work abroad
and domestically. In Moody's view, the expectation of improvement
in the second half of the year could emanate from greater
utilization of the company's vessels as Great Lakes has started
work on its Wheatstone Australia LNG project as well as some
projects reflected in its backlog including work to be started in
the Port Miami deepening project later in the year. However,
credit metrics are not likely to improve sufficiently to be
reflective of the B2 rating level over the intermediate term due
to the extent to which EBITDA generation would have to improve
from current depressed levels and likelihood that there will not
be sufficient cash flow generation over the intermediate term to
meaningfully reduce debt. Credit metrics over the next twelve
months will likely improve from current levels to debt/EBITDA of
roughly 5.0 times and interest coverage of 1.0 times (on a Moody's
adjusted basis including leases).

The affirmation of Great Lakes' short-term SGL-3 rating reflects
Moody's expectation that the company's liquidity profile over the
next twelve months will remain adequate. Free cash flow is
expected to remain negative through the second half of 2013,
increasing the likelihood that the revolver will continue to be
relied upon with tight covenant headroom. The lower headroom could
continue to restrict full availability under the company's $175
million revolving credit facility put in place last year.

The stable outlook is supported by the company's historically high
backlog levels, the realization of which should contribute to a
modest improvement in the company's liquidity profile. In Moody's
view, investments the company has made to date could support
anticipated expected revenue growth over the intermediate term.

The ratings could be raised if the company continues to have a
healthy backlog, debt to EBITDA is lowered and sustained below the
4.5 times range, and if there is a meaningful improvement in the
company's liquidity profile. In addition, any ratings upgrade
would be predicated on Great Lakes' addressing internal control
weaknesses.

Evidence of further erosion in the company's earnings performance,
liquidity profile or financial metrics such that debt/EBITDA is
sustained well above 6.0 times could pressure ratings.

The principal methodology used in this rating was the Global
Construction Methodology published in November 2010. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Great Lakes Dredge & Dock Corporation, founded in 1890 and
headquartered in Oak Brook, Illinois is the largest provider of
dredging services in the United States. Approximately 10% of Great
Lakes' revenues are derived from demolition operations. Revenues
for the last twelve months ended June 30, 2013 approximated $711
million.


GREAT PLAINS EXPLORATION: Balks at Wells Fargo's Conversion Motion
------------------------------------------------------------------
Great Plains Exploration, LLC, by and through its counsel,
Bernstein-Burkley, P.C., objects to the motion of Wells Fargo
Equipment Finance, Inc., to convert the Debtor's Chapter 11 case
to one under Chapter 7 of the Bankruptcy Code, citing:

  1. Wells Fargo is adequately protected by its lien on the
collateral, is receiving interest payments in accordance with the
prior adequate protection stipulation, and does not set forth
sufficient grounds for converting the case.

  2. The Debtor's Plan has not been denied confirmation and the
Debtor's Disclosure Statement remains under consideration by the
Court.  Debtor continues its attempts to work through the
objections and arrive at a Plan and Disclosure statement, which
must be filed by Sept. 23, 2013.

  3. Wells Fargo is adequately protected by its collateral and the
interest payments.  No other creditor seeks to convert the case to
Chapter 7.  On the contrary, other creditors continue to work with
the Debtor to fashion reorganization in this case.

  4. The Debtor submits that if Wells Fargo feels that its
protection is inadequate, it has the ability to bring that concern
to the attention of the Court by way of its Motion for Relief from
Stay, which the Debtor also believes in not well made.

  5. Conversion is neither warranted nor appropriate under the
circumstances of this case.

The Response was filed by:

         Robert S. Bernstein, Esq.
         Suite 2200, Gulf Tower
         Pittsburgh, PA 15219
         Tel: (412) 456-8101
         Fax: (412) 456-8251
         E-mail: rbernstein@bernsteinlaw.com
         Counsel for Great Plains Exploration, LLC

As reported in the TCR on July 18, 2013, Wells Fargo, through its
counsel, Scott McGuireWoods LLP, related that the Debtor has had
more than adequate opportunity to restructure its business
operations and present a viable plan of reorganization, but has
failed to do so.

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011 and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated
$10 million to $50 million in assets and debts.  John D. Oil's
balance sheet at Sept. 30, 2011, showed $8.12 million in total
assets, $12.92 million in total liabilities and a $4.79 million
total deficit.  The petitions were signed by Richard M. Osborne,
CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.


GUIDED THERAPEUTICS: Incurs $1.7 Million Net Loss in 2nd Qtr.
-------------------------------------------------------------
Guided Therapeutics, Inc., reported a net loss of $1.75 million on
$222,000 of contract and grant revenue for the three months ended
June 30, 2013, as compared with a net loss of $1.16 million on
$915,000 of contract and grant revenue for the same period during
the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $3.56 million on $389,000 of contract and grant revenue,
as compared with a net loss of $2.18 million on $1.63 million of
contract and grant revenue for the same period a year ago.

The Company's selected balance sheet data at June 30, 2013, showed
$4.39 million in total assets and $1.74 million in stockholders'
equity.

"Our recent capital raise, as well as progress on the
international front, including the $3.0 million purchase order
from our Turkish distributor, gives us increased confidence that
we can reach breakeven with our international business alone in
the next 12 to 18 months," said Mark L. Faupel, Ph.D., chief
executive officer and president of Guided Therapeutics.  "We also
expect to see improving operating margins over the coming months
for our single-use disposable, due to anticipated increases in
disposable sales."

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

                        http://is.gd/9nVLBz

                     About Guided Therapeutics

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

Guided Therapeutics disclosed a net loss of $4.35 million on $3.33
million of contract and grant revenue for the year ended Dec. 31,
2012, as compared with a net loss of $6.64 million on $3.59
million of contract and grant revenue in 2011.

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2012, citing recurring losses from
operations and accumulated deficit that raise substantial doubt
about its ability to continue as a going concern.

                        Bankruptcy Warning

"The Company's capital-raising efforts are ongoing.  If sufficient
capital cannot be raised during the second quarter of 2013, the
Company has plans to curtail operations by reducing discretionary
spending and staffing levels, and attempting to operate by only
pursuing activities for which it has external financial support,
such as under the Konica Minolta license agreement and additional
NCI, NHI or other grant funding.  However, there can be no
assurance that such external financial support will be sufficient
to maintain even limited operations or that the Company will be
able to raise additional funds on acceptable terms, or at all.  In
such a case, the Company might be required to enter into
unfavorable agreements or, if that is not possible, be unable to
continue operations, and to the extent practicable, liquidate
and/or file for bankruptcy protection."


HERITAGE CONSOLIDATED: Confirms Second Amended Chapter 11 Plan
--------------------------------------------------------------
Heritage Consolidated LLC, according to its case docket, obtained
confirmation of its Second Amended Chapter 11 Plan.

The U.S. Bankruptcy Court for the Northern District of Texas on
July 12, 2013, approved the supplemental disclosure as containing
adequate information with respect to the modified plan terms
incorporated into the Second Amended Plan.

An earlier iteration of the Plan was reported in the Troubled
Company Reporter on Jan. 29.  Pursuant to the Second Amended
Disclosure Statement in support of the Debtors' First Amended
Joint Plan of Reorganization, the Plan is designed to accomplish
two primary objectives:

    (a) formation of the Liquidating Trust for the benefit of
        Creditors and Equity Interest holders into which
        substantially all of the remaining assets of the Debtors
        will be transferred so that such assets can be held and
        disposed of in such a manner as to maximize their value
        for the benefit of Creditors and Equity Interest holders;

    (b) use of proceeds from the Liquidating Trust Assets to
        satisfy Claims in accordance with a waterfall mechanism
        for Distributions set forth in the Plan and the
        Liquidating Trust Agreement.

                   About Heritage Consolidated

Heritage Consolidated LLC is a privately held company whose core
operations consist of exploration for, and acquisition,
production, and sale of, crude oil and natural gas.

Heritage Consolidated filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 10-36484) on Sept. 14, 2010, in Dallas, Texas.
Its affiliate, Heritage Standard Corporation, also filed for
Chapter 11 protection (Bankr. N.D. Tex. Case No. 10-36485).  The
Debtors each estimated assets and debts of $10 million to
$50 million.

The Debtors tapped Malouf & Nockels LLP's as special counsel;
Munsch Hardt Kopf & Harr, P.C.; Rochelle McCullough, LLP; HSC, RM
LLP as special bankruptcy counsel to HSC; and Bridge Associates,
LLC, as financial advisor and designate Scott Pinsonnault as
interim chief restructuring officer.

The U.S. Trustee for Region 6 formed an Official Committee of
Unsecured Creditors in the Chapter 11 cases.


HOSTESS BRANDS: Allowed to Amend Hilco Employment Contract
----------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the
Southern District of New York authorized Old HB, Inc., f/k/a
Hostess Brands, Inc., and its debtor affiliates to amend the
employ agreement with Hilco Industrial, LLC, Hilco IP Services,
LLC, and Hilco Real Estate, LLC.

                         About Hostess Brands

Founded in 1930, Irving, Texas-based Hostess Brands Inc., is known
for iconic brands such as Butternut, Ding Dongs, Dolly Madison,
Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride,
Twinkies and Wonder.  Hostess has 36 bakeries, 565 distribution
centers and 570 outlets in 49 states.

Hostess filed for Chapter 11 bankruptcy protection early morning
on Jan. 11, 2011 (Bankr. S.D.N.Y. Case Nos. 12-22051 through
12-22056) in White Plains, New York.  Hostess Brands disclosed
assets of $982 million and liabilities of $1.43 billion as of the
Chapter 11 filing.

The bankruptcy filing was made two years after predecessors
Interstate Bakeries Corp. and its affiliates emerged from
bankruptcy (Bankr. W.D. Mo. Case No. 04-45814).

In the new Chapter 11 case, Hostess has hired Jones Day as
bankruptcy counsel; Stinson Morrison Hecker LLP as general
corporate counsel and conflicts counsel; Perella Weinberg Partners
LP as investment bankers, FTI Consulting, Inc. to provide an
interim treasurer and additional personnel for the Debtors, and
Kurtzman Carson Consultants LLC as administrative agent.

Matthew Feldman, Esq., at Willkie Farr & Gallagher, and Harry
Wilson, the head of turnaround and restructuring firm MAEVA
Advisors, are representing the Teamsters union.

Attorneys for The Bakery, Confectionery, Tobacco Workers and Grain
Millers International Union and Bakery & Confectionery Union &
Industry International Pension Fund are Jeffrey R. Freund, Esq.,
at Bredhoff & Kaiser, P.L.L.C.; and Ancela R. Nastasi, Esq., David
A. Rosenzweig, Esq., and Camisha L. Simmons, Esq., at Fulbright &
Jaworski L.L.P.

The official committee of unsecured creditors selected New York
law firm Kramer Levin Naftalis & Frankel LLP as its counsel. Tom
Mayer and Ken Eckstein head the legal team for the committee.

Hostess Brands in mid-November 2012 opted to pursue the orderly
wind down of its business and sale of its assets after the Bakery,
Confectionery, Tobacco and Grain Millers Union (BCTGM) commenced a
nationwide strike.  The Debtor failed to reach an agreement with
BCTGM on contract changes.

Hostess Brands sold its businesses and most of the plants to five
different buyers for an aggregate of $860 million.  Hostess still
has some plants, depots and other facilities the buyers didn't
acquire.

The bankruptcy estate has changed its name to Old HB Inc.


IMH FINANCIAL: Incurs $2.3 Million Net Loss in Second Quarter
-------------------------------------------------------------
IMH Financial Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended June 30, 2013, disclosing a net loss of $2.34 million
on $5.09 million of total revenue, as compared with a net loss of
$6.14 million on $1.30 million of total revenue for the same
period last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $7.28 million on $6.95 million of total revenue, as
compared with a net loss of $14.04 million on $2.57 million of
total revenue for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $255.27
million in total assets, $130.62 million in total liabilities and
$124.65 million in total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/pxKW9w

                        About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

The Company is a commercial real estate lender based in the
southwest United States with over 12 years of experience in many
facets of the real estate investment process, including
origination, underwriting, documentation, servicing, construction,
enforcement, development, marketing, and disposition.  The Company
focuses on a niche segment of the real estate market that it
believes is underserved by community, regional and national banks:
high yield, short-term, senior secured real estate mortgage loans.
The intense level of underwriting analysis required in this
segment necessitates personnel and expertise that many community
banks lack, yet the requisite localized market knowledge of the
underwriting process and the size of the loans the Company seeks
often precludes the regional and community banks from efficiently
entering this market.

IMH Financial disclosed a net loss of $32.19 million in 2012, a
net loss of $35.19 million in in 2011, and a net loss of
$117.04 million in 2010.


INSITE WIRELESS: Fitch Rates $39.6MM Class B Notes at 'BB-'
-----------------------------------------------------------
Fitch Ratings has assigned the following ratings and Outlooks to
InSite Wireless Group, LLC Secured Cellular Site Revenue Notes,
Series 2013-1:

-- $123,900,000 2013-1 class A 'BBBsf'; Outlook Stable;

-- $39,600,000 2013-1 class B 'BB-sf'; Outlook Stable.

Fitch issued a presale report on the transaction on Aug. 21, 2013.

The following class is being issued but is not rated by Fitch:

-- $14,000,000 2013-1 class C.

The ratings are based on information provided by the co-issuers as
of Aug. 26, 2013.

The $177.5 million InSite Wireless Group, LLC notes are backed by
mortgages representing approximately 72.7% of the annualized run
rate (ARR) net cash flow (NCF) and guaranteed by the direct parent
of the borrowers. The guarantees are secured by a pledge and
first-priority-perfected security interest in 100% of the equity
interest of the borrowers (which own or lease 512 cellular sites
and own the rights to operate 16 distributed antennae system [DAS]
networks) and the direct parent, respectively.

At closing, loan proceeds will be used to repay certain
outstanding debt obligations and for general corporate purposes.
The ratings reflect a structured finance analysis of the cash
flows from the ownership interest in cellular sites, not an
assessment of the corporate default risk of the ultimate parent,
InSite Wireless Group, LLC.

Key Rating Drivers

High Leverage: Fitch's NCF on the pool is $16.06 million, implying
a Fitch stressed debt service coverage ratio (DSCR) of 1.11x. The
debt multiple relative to Fitch's NCF is 9.47x, which equates to a
debt yield of 10.56%. Given the high amount of total leverage,
Fitch applied a rating cap of 'BBBsf' to the securitization.

Leases to Strong Tower Tenants: There are 1,236 wireless tenant
leases. Telephony/broadband tenants represent 74.8% annualized run
rate revenue (ARRR), and 49% of the ARRR is from investment-grade
tenants. Tenant leases on the cellular sites have average annual
escalators of approximately 3.1% and an average final remaining
term (including renewals) of 21.1 years.

DAS Networks: The collateral pool contains 16 DAS networks
representing 11% of the ARRR. DAS sites are located within
buildings or other structures or venues for which an asset entity
has rights under a lease or license to install and operate a DAS
on the premises or to manage a DAS network on the premises. Fitch
did not give credit for the four sites where InSite has a
management contract to manage a DAS network owned by the DAS
venue. These sites contribute 0.6% of ARRR. Additionally, Fitch
limited proceeds from the DAS networks to the 'BBsf' category
(i.e. applied a 'BBsf' rating cap), based on the uncertainty
surrounding the licensing agreements in a venue-bankruptcy
scenario and the limited history of these networks.

Prefunding: On the closing date, approximately 14% of total
proceeds ($25.357 million) were deposited into a site acquisition
account to be used by InSite to acquire additional cellular sites
during the 12-month acquisition period. Prefunding introduces
uncertainty as to final collateral characteristics. Fitch
accounted for prefunding by stressing the NCF of the prefunding
component to reflect the most conservative prefunding pool
composition tests.

Rating Sensitivities

Fitch completed a break-even analysis comparing the interest-only
debt service with both the Fitch stressed NCF and in-place
aggregate ARR NCF, derived from data provided by the arranger,
including estimated interest rates. Fitch compared the in-place
aggregate ARR NCF and Fitch NCF with the interest-only debt
service amount and determined that 73.8% and 71.8% reductions in
NCF, respectively, would cause the 'BBBsf' notes to break even at
1.0x DSCR on an interest-only basis. Reductions to in-place
aggregate ARR NCF and Fitch NCF of 44% and 40%, respectively,
would cause the 'BB-sf' notes to break even at 1.0x DSCR on an
interest-only basis.

Fitch evaluated the sensitivity of the 2013-1 class A ratings and
a 14% decline in NCF would result in a one category downgrade to
'BBsf', while a 10% decline would result in a downgrade to below
investment-grade and a 40% decline would result in a downgrade
below 'CCCsf'. Rating sensitivity was also performed for the
2013-1 class B notes and a 10% decline in NCF would result in a
one category downgrade to 'B-sf', while a 21% decline would result
in a downgrade below 'CCCsf'. The Rating Sensitivity section in
the presale report includes a detailed explanation of additional
stresses and sensitivities.


INTERFAITH MEDICAL: Brooklyn Hospital Won't Close For Now
---------------------------------------------------------
The Associated Press reports that the planned closure of
Interfaith Medical Center in Brooklyn has been postponed until at
least Sept. 11.  According to the AP, the facility was to start
shutting down Monday, but mayoral candidate and Public Advocate
Bill de Blasio has asked a federal bankruptcy court to halt the
closing.  On Monday, the court set the next hearing for Sept. 11.
According to the report, Mr. De Blasio says the postponement will
let the hospital try to restructure its failing finances and save
critical departments, such as emergency services and psychiatric
care.

                 About Interfaith Medical Center

Headquartered in Brooklyn, New York, Interfaith Medical Center,
Inc., operates a 287-bed hospital on Atlantic Avenue in Bedford-
Stuyvesant and an ambulatory care network of eight clinics in
central Brooklyn, in Crown Heights and Bedford-Stuyvesant.

The Company filed for Chapter 11 protection (Bankr. E.D. N.Y.
Case No. 12-48226) on Dec. 2, 2012.  The Debtor disclosed
$111,872,972 in assets and $193,540,998 in liabilities as of the
Chapter 11 filing.  Liabilities include $117.9 million owing to
the New York State Dormitory Authority on bonds secured by the
assets.

Alan J. Lipkin, Esq., at Willkie Farr & Gallagher LLP, serves as
bankruptcy counsel to the Debtor.  Nixon Peabody LLP is the
special corporate and healthcare counsel.  CohnReznick LLP serves
as financial advisor.  Donlin, Recano & Company, Inc. serves as
administrative agent.

The Official Committee of Unsecured Creditors tapped Alston & Bird
LLP as its counsel, and CBIZ Accounting, Tax & Advisory of New
York, LLC as its financial advisor.

Eric M. Huebscher, the patient care ombudsman, tapped the law firm
of DiConza Traurig LLP, as his counsel.


INTERNATIONAL LEASE: Moody's Affirms 'Ba3' Corp. Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed the Ba3 corporate family rating
of International Lease Finance Corporation and revised its rating
outlook to stable from positive.

Ratings Rationale:

The change in rating outlook reflects Moody's view that American
International Group's (Baa1 stable) sale of ILFC to Jumbo
Acquisition Limited is less likely to occur as originally
proposed, based on a series of transaction delays, changes in the
makeup of the buyer consortium, and AIG's parallel pursuit of an
IPO of ILFC's shares as a potential alternative to the sale. These
developments increase uncertainty regarding ILFC's longer-term
strategic priorities, access to capital, and stability of
ownership.

"We previously said that the sale, as originally proposed, would
benefit ILFC by providing clarity regarding its ownership and
strategy, and potentially expanding its access to clients and
funding sources in growing Asian markets," said Moody's Vice
President Mark Wasden. "However, it is less certain that the sale
will close and if it does, what the implications would be for
ILFC's long-term credit profile."

AIG agreed in December 2012 to sell up to a 90% stake in ILFC to
Jumbo, a consortium of investors based mainly in China, for $4.7
billion. In response to Jumbo's missing payment deadlines, AIG
agreed to extend the sale agreement but modified terms allowing it
to prepare for a potential initial public offering of ILFC shares.
Statements by certain consortium investors indicate that the
composition of the consortium has itself changed, calling into
question the strategic alignment between ILFC and remaining
investors.

ILFC's ratings and outlook reflect Moody's expectation that a
period of time will be required to observe and fully evaluate the
credit considerations associated with ILFC's eventual change in
ownership. Key considerations include the financial effects on
ILFC's capital position and earnings, as well as new owners'
longer-term strategic and financial objectives and their influence
on ILFC's growth rate, portfolio concentrations, financial
leverage, and access to capital.

ILFC's ratings reflect its leading global franchise positioning,
aircraft and customer diversification, and resilient operating
cash flow. Also supporting its ratings, ILFC has in recent years
extended its debt maturity profile, strengthened liquidity
management, and reduced leverage. Ratings are constrained by
challenges relating to sustaining lease margin improvements and
generating attractive returns on equity. Additionally, ILFC's
business is exposed to the effects of economic cyclicality on air
travel volumes, aircraft demand and lease rates, and airline
credit quality. Additional credit challenges include the monoline
and cyclical nature of ILFC's business, its exposure to aircraft
residual values, and its reliance on confidence-sensitive
wholesale funding.

Moody's could upgrade ILFC's ratings if the company sustainably
improves profitability while maintaining solid liquidity and
leverage positions; if operating conditions improve, particularly
in Europe; and if new ownership is conducive to good governance
and operational independence, as well as discipline regarding
growth, concentration risks, leverage, and liquidity. Moody's
could downgrade ratings if ILFC's margins and cash flow shrink
unexpectedly or if its liquidity profile weakens, or if the
company embarks on a strategy of high growth accompanied by higher
than expected leverage.

First acquired by AIG in 1990, ILFC is one of the world's largest
commercial aircraft leasing concerns, with approximately 1,000
owned or managed Boeing and Airbus aircraft at June 30, 2013 and
commitments to purchase 281 additional aircraft for delivery
through 2020.

The principal methodology used in this rating was Finance Company
Global Rating Methodology published in March 2012.


IPC INTERNATIONAL: Employs Proskauer Rose as Lead Counsel
---------------------------------------------------------
IPC International Corporation and The Security Network Holdings
Corporation seek authority from the U.S. Bankruptcy Court for the
District of Delaware to employ Proskauer Rose LLP as counsel.

The firm will be paid the following hourly rates: $600-$1,250 for
partners, $475-$1,150 for senior counsel, $200-$800 for
associates, and $110-$325 for paraprofessionals, and will be
reimbursed for any necessary out-of-pocket expenses.

Paul V. Possinger, Esq., a partner at Proskauer Rose LLP, in
Chicago, Illinois, assures the Court that his firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtors and their estates.  Proskauer has received various
advance fee payments totaling $490,000 in connection with its
representation of the Debtors prior to the Petition Date.

A hearing on the employment application will be on Sept. 3, 2013,
at 2:00 p.m.  Objections are due Aug. 27.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9 in Delaware after
signing a contract for Universal Protection Services LLC to buy
the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.

IPC, based in Bannockburn, Illinois, is asking the bankruptcy
judge to approve auction procedures under which competing bids
would be due on Sept. 16, followed by an auction on Sept. 18 and a
hearing on Sept. 25 to approve sale.  Even without a higher bid at
auction, the price will be sufficient to pay secured creditors in
full along with expenses of the bankruptcy.  Unsecured creditors
should receive some recovery from the sale.


IPC INTERNATIONAL: Taps Potter Anderson as Local Counsel
--------------------------------------------------------
IPC International Corporation and The Security Network Holdings
Corporation seek authority from the U.S. Bankruptcy Court for the
District of Delaware to employ Potter Anderson & Corroon LLP as
co-counsel, to be paid the following hourly rates:

   Partners              $440-$720
   Counsel               $310-$540
   Associates            $255-$425
   Paralegals             $80-$245

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Jeremy W. Ryan, Esq., a partner at Potter Anderson & Corroon LLP,
in Wilmington, Delaware, assures the Court that his firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtors and their estates.  Potter Anderson received a
total retainer of $60,000 for the payment of prepetition services
and related expenses.  According to Mr. Ryan, the remaining
retainer amount is $35,000.

A hearing on the employment application will be on Sept. 3, 2013,
at 2:00 p.m.  Objections are due Aug. 27.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9 in Delaware after
signing a contract for Universal Protection Services LLC to buy
the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.

IPC, based in Bannockburn, Illinois, is asking the bankruptcy
judge to approve auction procedures under which competing bids
would be due on Sept. 16, followed by an auction on Sept. 18 and a
hearing on Sept. 25 to approve sale.  Even without a higher bid at
auction, the price will be sufficient to pay secured creditors in
full along with expenses of the bankruptcy.  Unsecured creditors
should receive some recovery from the sale.


IPC INTERNATIONAL: Employs Livingstone as Investment Banker
-----------------------------------------------------------
IPC International Corporation and The Security Network Holdings
Corporation seek authority from the U.S. Bankruptcy Court for the
District of Delaware to employ Livingstone Partners LLC and
Stoneliving Securities LLC as investment banker.

The firm will be paid a monthly fee in the amount of $20,000 and
transaction fees equal or more than $725,000 for the consummation
of a merger and acquisition transaction or restructuring
transaction.  The firm will also be paid its necessary out-of-
pocket expenses.

Joseph Greenwood, a managing director of Livingstone Partners LL,
assures the Court that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.  Mr. Greenwood discloses that prior to the Petition Date,
Livingstone had received $195,000 for fees and $7,542 for
expenses.

A hearing on the employment application will be on Sept. 3, 2013,
at 2:00 p.m.  Objections are due Aug. 27.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9 in Delaware after
signing a contract for Universal Protection Services LLC to buy
the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.

IPC, based in Bannockburn, Illinois, is asking the bankruptcy
judge to approve auction procedures under which competing bids
would be due on Sept. 16, followed by an auction on Sept. 18 and a
hearing on Sept. 25 to approve sale.  Even without a higher bid at
auction, the price will be sufficient to pay secured creditors in
full along with expenses of the bankruptcy.  Unsecured creditors
should receive some recovery from the sale.


IPC INTERNATIONAL: Cleared to Auction Assets in October
-------------------------------------------------------
Marie Beaudette, writing for DBR Small Cap, reported that a
bankruptcy judge cleared IPC International to put its guard and
patrol business on the auction block in October, with a $21.25
million bid from Universal Protection Service LLC kicking off
bidding.

                      About IPC International

IPC International Corp., a provider of security services for
350 shopping malls, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-bk-12050) on Aug. 9, 2013, in Delaware
after signing a contract for Universal Protection Services LLC to
buy the business for $21.3 million plus assumption of specified
liabilities.

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta Ren Wolfe, Esq., at POTTER
ANDERSON & CORROON, LLP, serves as the Debtor's counsel.
Proskauer Rose, LLP, serves as the Debtor's general bankruptcy
counsel.  Silverman Consulting, LLC, acts as the Debtor's
financial advisor and Livingstone Partners, LLP, serves as the
Debtor's investment banker.  KCC is the Debtor's noticing, claims
and balloting agent.  Judge Mary F. Walrath presides over the
case.

The petition shows assets and liabilities both exceeding
$10 million.  Liabilities include $6.9 million on a revolving
credit and $10.4 million on term loans owing to PrivateBank &
Trust Co., as agent.

Bankruptcy was the result of losses on a U.K. affiliate that was
sold, as well as competition and the cost of liability insurance.

IPC, based in Bannockburn, Illinois, is asking the bankruptcy
judge to approve auction procedures under which competing bids
would be due on Sept. 16, followed by an auction on Sept. 18 and a
hearing on Sept. 25 to approve sale.  Even without a higher bid at
auction, the price will be sufficient to pay secured creditors in
full along with expenses of the bankruptcy.  Unsecured creditors
should receive some recovery from the sale.


J.C. PENNEY: Inks Registration Agreement with Pershing, et al.
--------------------------------------------------------------
J. C. Penney Company, Inc., entered into a Registration Rights
Agreement with Pershing Square Capital Management, L.P., PS
Management GP, LLC, Pershing Square GP, LLC, William A. Ackman and
certain affiliated Pershing Square funds.  Pursuant to the
Registration Rights Agreement, the Holders may make up to four
requests to the Company to register the sale of the Company's
common stock beneficially owned by the Holders, subject to the
limitations and conditions provided in the Registration Rights
Agreement.  The Registration Rights Agreement also provides
certain piggyback registration rights to the Holders.  The
registration rights provided in the Registration Rights Agreement
terminate when the Holders collectively beneficially own less than
5 percent of the Company's common stock.  The Registration Rights
Agreement contains customary indemnification provisions.

A copy of the Registration Agreement is available for free at:

                         http://is.gd/ceywPf

                          About J.C. Penney

Plano, Texas-based J.C. Penney Company, Inc. is one of the U.S.'s
largest department store operators with about 1,100 locations in
the United States and Puerto Rico.

J.C. Penney disclosed a net loss of $985 million in 2012, as
compared with a net loss of $152 million in 2011.  As of May 4,
2013, the Company had $10.37 billion in total assets,
$7.50 billion in total liabilities and $2.86 billion in total
stockholders' equity.

                            *     *     *

The Company carries Moody's Investors Service's B3 Corporate
Family Rating with negative outlook.

Early in March 2013, Standard & Poor's Ratings Services lowered
its corporate credit rating on Penney to 'CCC+' from 'B-'.  The
outlook is negative.  At the same time, S&P lowered the issue-
level rating on the company's unsecured debt to 'CCC+' from 'B-'
and maintained its '3' recovery rating on this debt, indicating
S&P's expectation of meaningful (50% to 70%) recovery for
debtholders in the event of a payment default.

"The downgrade reflects the performance erosion that has
accelerated throughout the previous year and seems likely to
persist over the next 12 months," explained Standard & Poor's
credit analyst David Kuntz.

At the same time, Fitch Ratings downgraded the Company's Issuer
Default Ratings to 'B-' from 'B'.  The Rating Outlook is Negative.
The rating downgrades reflect Fitch's concerns that there is a
lack of visibility in terms of the Company's ability to stabilize
its business in 2013 and beyond after a precipitous decline in
revenues leading to negative EBITDA of $270 million in 2012.
Penney, Fitch said, will need to tap into additional funding to
cover a projected FCF shortfall of $1.3 billion to $1.5 billion in
2013, which could begin to strain its existing sources of
liquidity.

In February 2013, Penney received a notice of default from a law
firm representing more than 50% of its 7.4% Debentures due 2037.
The Company has filed a lawsuit in Delaware Chancery Court seeking
to block efforts by the bondholder group to declare a default on
the 2037 bonds.  Penney also asked lawyers at Brown Rudnick LLP to
identify the investors they represent.

In March 2013, Penney received a letter from bondholders
withdrawing and rescinding the Notice of Default.

On April 12, 2013, Penney borrowed $850 million out of its $1.85
billion committed revolving credit facility with JPMorgan Chase
Bank, N.A., as Administrative Agent, and Wells Fargo Bank,
National Association, as LC Agent. Penney said the move was to
enhance the Company's financial flexibility and position.


JAMESTOWN LENDERS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Jamestown Lenders LLC
        160 West Canyon Crest Road
        Alpine, UT 84004

Bankruptcy Case No.: 13-29712

Chapter 11 Petition Date: August 23, 2013

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: William T. Thurman

Debtor's Counsel: Clay A. Alger, Esq.
                  SHUMWAY VAN & HANSEN
                  8 East Broadway, Suite 550
                  Salt Lake City, UT 84111
                  Tel: (801) 216-8885
                  Fax: (801) 216-8887
                  E-mail: clay@shumwayvan.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 Jared L. Lucero, president.


JEFFERSON COUNTY, AL: Says Creditors Need to Revise Plan
--------------------------------------------------------
Martin Z. Braun, writing for Bloomberg News, reported that
Jefferson County, Alabama, said it may offer sewer-system
creditors new bonds at "much lower" principal amounts if they fail
to revise a bankruptcy exit plan that's threatened by rising
interest rates.

According to the report, without concessions, creditors --
including JPMorgan Chase & Co, hedge funds and bond insurers --
won't get cash for the $3 billion in debt they hold, Ken Klee, the
county's bankruptcy attorney, said in an interview in New York.
Instead, they would have to accept a debt exchange and have
bankruptcy expenses paid out of sewer revenue, reducing the amount
available for repayment, he said.

"The county has gone as far as we can go," Klee said, the report
related.  "Either there will be concessions or we'll have to go to
a different kind of plan."

On June 5, Jefferson County reached an agreement to pay its
largest creditors $1.84 billion, or 60 percent of what they're
owed, the report added.  Since then, interest rates on top-rated
30-year municipal bonds have jumped by 1.3 percentage points to
4.67 percent, according to data compiled by Bloomberg. At current
rates, the county could refinance only $1.5 billion to $1.6
billion of sewer debt, Klee said.

The deal called for the county to raise sewer rates 7.4 percent
annually for four years and then 3.49 percent a year thereafter,
the report said.  That plan provided a cushion for an interest-
rate increase of 0.5 percentage point.

                     About Jefferson County

Jefferson County has its seat in Birmingham, Alabama.  It has a
population of 660,000.

Jefferson County filed a bankruptcy petition under Chapter 9
(Bankr. N.D. Ala. Case No. 11-05736) on Nov. 9, 2011, after an
agreement among elected officials and investors to refinance
$3.1 billion in sewer bonds fell apart.

John S. Young Jr. LLC was appointed as receiver by Alabama Circuit
Court Judge Albert Johnson in September 2010.

Jefferson County's bankruptcy represents the largest municipal
debt adjustment of all time.  The county said that long-term debt
is $4.23 billion, including about $3.1 billion in defaulted sewer
bonds where the debt holders can look only to the sewer system for
payment.

The county said it would use the bankruptcy court to put a value
on the sewer system, in the process fixing the amount bondholders
should be paid through Chapter 9.

Judge Thomas B. Bennett presides over the Chapter 9 case.  Lawyers
at Bradley ArantBoult Cummings LLP and Klee, Tuchin, Bogdanoff&
Stern LLP, led by Kenneth Klee, represent the Debtor as counsel.
Kurtzman Carson Consultants LLC serves as claims and noticing
agent.  Jefferson estimated more than $1 billion in assets.  The
petition was signed by David Carrington, president.

The bankruptcy judge in January 2012 ruled that the state court-
appointed receiver for the sewer system largely lost control as a
result of the bankruptcy. Before deciding whether Jefferson County
is eligible for Chapter 9, the bankruptcy judge will allow the
Alabama Supreme Court to decide whether sewer warrants are the
equivalent of "funding or refunding bonds" required under state
law before a municipality can be in bankruptcy.

U.S. District Judge Thomas B. Bennett ruled in March 2012 that
Jefferson County is eligible under state law to pursue a debt
restructuring under Chapter 9.  Holders of more than $3 billion in
defaulted sewer debt had challenged the county's right to be in
Chapter 9.

In June 2013, the county reached settlement with holders of 78
percent of the $3.1 billion in sewer debt at the core of the
county's financial problems.  The bondholders will be paid $1.84
billion through a refinancing, according to a term sheet.  The
settlement calls for JPMorgan Chase & Co., the owner of $1.22
billion in bonds, to make the largest concessions so other
bondholder will recover more.

On June 30, 2013, Jefferson County filed a Chapter 9 plan of debt
adjustment.  Pursuant to the Plan, sewer bondholders will receive
65 percent in cash. If they elect to waive claims against JPMorgan
and bond insurers, they receive 80 percent in cash.  Bondholders
supporting the plan already agreed to waive claims and receive the
larger recovery.  Existing sewer bonds will be canceled in
exchange for payments under the plan.  The county will fund plan
distributions by selling new sewer bonds calculated to generate
$1.96 billion to cover the $1.84 billion earmarked for existing
sewer bondholders.  JPMorgan has agreed to waive $842 million of
the sewer debt and a $657 million swap debt, resulting in an 88
percent overall write off by JPMorgan.  To finance the new sewer
bonds, there will be 7.4 percent in rate increases for sewer
customers in each of the first four years.  In later years, rate
increases will be 3.5 percent.


K-V PHARMACEUTICAL: Committee Plan Support Statement Filed
----------------------------------------------------------
BankruptcyData reported that K-V Pharmaceutical's official
committee of unsecured creditors filed with the U.S. Bankruptcy
Court a statement reflecting its support of the Debtors' Sixth
Amended Joint Chapter 11 Plan of Reorganization.

The committee states, "The Debtors filed their first plan of
reorganization in January 2013 (the 'Original Plan'), which
offered de minimis recoveries to unsecured creditors. Following
the filing of the Original Plan, the Committee and its
professionals undertook an effort to solicit superior plan
restructuring proposals and to afford interested parties with
additional time necessary to put together commitments to finance
an alternative plan. The Committee's efforts proved fruitful.
Following the successful litigation of the Makena lien action and
the adjournment of the DIP milestones, the Committee successfully
put together alternative DIP financing and formulated a fully
financed alternative plan (the, 'Investor Plan') sponsored by
certain holders of the Convertible Subordinated Notes (the
'Investors') that would generate higher recoveries to all
creditors. Recognizing the superior nature of the Investor Plan,
the Debtors determined to abandon the Original Plan in favor of
the Investor Plan. Thereafter, the Debtors received competing
proposals from each of the Investors and certain holders of the
Senior Secured Notes. As a result, the Debtors conducted an
informal plan auction process, during which the Debtors continued
to receive additional proposals from the Investors and certain
holders of the Senior Secured Notes. Thereafter, each of the major
parties in interest in these cases, including the Debtors, the
Committee, holders of approximately 97% of the principal amount of
the Convertible Subordinated Notes, the DIP Agent and DIP Lenders
and holders of at least 75% of the principal amount of the Senior
Secured Notes, reached a global settlement, the terms of which
have been incorporated into the Plan.  Pursuant to the Plan, the
Investors agreed to purchase $37 million in new equity, and
further agreed to backstop a $238 million equity rights offering
and provide up to $100 million in exit financing to fund both the
Plan and post-effective date working capital needs.  As a result
of this substantial new money capital infusion, pursuant to the
Plan, (a) holders of the Senior Secured Notes will be paid in full
in cash, (b) holders of Convertible Subordinated Notes will
receive 7% of the reorganized equity together with subscription
rights to participate in the $238 million rights offering, and (c)
holders of General Unsecured Claims will be entitled to receive
their pro rata share of $10,250,000 in cash, for an estimated
recovery of approximately 56.2% to 73.6%.  These recoveries are
dramatically superior to those contained in the Original Plan.
Thus, the Plan reflects the tremendous progress made in these
cases."

                    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.


KIT DIGITAL: Effective Date of Plan Occurred on August 16
---------------------------------------------------------
KIT digital,, Inc., informs the U.S. Bankruptcy Court for the
Southern District of New York that the Effective Date for the
Debtor's Third Amended Plan, dated Aug. 6, 2013, occurred on
Aug. 16, 2013.

                         About KIT digital

New York-based KIT digital Inc. -- http://www.kitd.com/-- is a
video management software and services company.  KIT digital
services nearly 2,500 clients in 50+ countries including some of
the world's biggest brands, such as Airbus, The Associated Press,
AT&T, BBC, BSkyB, Disney-ABC, Google, HP, MTV, News Corp, Sky
Deutschland, Sky Italia, Telecom Argentina, Telecom Italia,
Telefonica, Universal Studios, Verizon, Vodafone VRT and
Volkswagen.

KIT digital filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Case
No. 13-11298) in Manhattan on April 25, 2013.  The Debtor
disclosed $310,206,684 in assets and $23,011,940 in liabilities.

KIT's operating subsidiaries, including Ioko 365, Polymedia,
Kewego, Multicast and Megahertz are not included in the Chapter 11
filing.

Jennifer Feldsher, Esq., and Anna Rozin, Esq., at Bracewell &
Giuliani LLP, in New York, serve as counsel to the Debtor.
American Legal Claims Services LLC is the claims and noticing
agent and the administrative agent.

The Official Committee of Equity Security Holders tapped to retain
Brown Rudnick LLP, as lead bankruptcy counsel.

The Official Committee of Unsecured Creditors tapped to retain
Cathy Hershcopf, Esq., at Cooley LLP as its lead bankruptcy
counsel, and Odyssey Capital Group as its financial advisor.

The Debtor won confirmation of its Third Amended Plan of
Reorganization, dated as of Aug. 6, 2013, on August 7.


KIWIBOX.COM INC: Reports $720,800 Net Loss in Second Quarter
------------------------------------------------------------
Kiwibox.com, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q for the period ended
June 30, 2013, disclosing a net loss of $720,898 on $309,834 of
total revenues, as compared with a net loss of $5.02 million on
$378,014 of total revenues for the same period during the prior
year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.86 million on $626,634 of total revenues, as compared
with a net loss of $6.90 million on $840,651 of total revenues for
the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $3.16 million
in total assets, $24.13 million in total liabilities, all current,
and a $20.96 million total stockholders' impairment.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/SIPI8C

                         About Kiwibox.com

New York-based Kiwibox.com, Inc., acquired in the beginning of
2011 Pixunity.de, a photoblog community and launched a U.S.
version of this community in the summer of 2011.  Effective
July 1, 2011, Kiwibox.com, Inc., became the owner of Kwick! -- a
top social network community based in Germany.  Kiwibox.com shares
are freely traded on the bulletin board under the symbol KIWB.OB.

Kiwibox.com disclosed a net loss of $14.01 million on $1.46
million of total net sales for the year ended Dec. 31, 2012, as
compared with a net loss of $5.90 million on $599,615 of total net
sales during the prior year.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2012.  The
independent auditors noted that the Company's revenues are
insufficient to finance the business, and the Company is entirely
dependent on the continuation of funding from outside investors.
These conditions raise substantial doubt about its ability to
continue as a going concern.


LAKELAND INDUSTRIES: Obtains $817,000 in Financing
--------------------------------------------------
Weifang Lakeland Safety Products Co., Ltd., the China subsidiary
of Lakeland Industries, Inc., and Bank of China, Anqiu Branch
("Lender"), completed an agreement to obtain financing in the
amount RMB 5,000,000 (approximately USD $817,000).

Amount of purchase order loan: USD 720,000.

Life of loan: 12 months - Beginning Aug. 12, 2013; ending Aug. 11,
                          2014.

Purpose of loan: Purchase of materials.  Borrower cannot change
                 the loan purpose without the approval from
                 lender.

Interest rate of loan and calculation:

Yearly interest amount is USD $47,520;

Effective per annum interest rate: 6.6 percent;

Interest payment will be made at 6 months and at the end of the
loan;

If borrower fails to repay the principal and interest before the
due date, or fails to use the loan for purposes as agreed in this
contract, the lender will be entitled to collect default interest
pursuant to the relevant rules.

Repayment of loan:

The borrower is required to open an account with the Lender;

The account name is: Weifang Lakeland Safety Products Co., Ltd;

Borrower to deposit sufficient money for repayment before each due
date.

A copy of the Loan Agreement is available for free at:

                        http://is.gd/981qDJ

                     About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, compared with a net
loss of $376,825 on $96.3 million of sales for the year ended
Jan. 31, 2012.


LANDAUER HEALTHCARE: Can Use Cash Collateral Until Sept. 14
-----------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware gave interim authority for Landauer
Healthcare Holdings, Inc., et al., to use the cash collateral
securing their prepetition indebtedness to operate their business
and effectuate a reorganization, including a sale of substantially
all of their assets.

The Debtors' right to use the Cash Collateral will terminate
immediately on Sept. 14, 2013.

Subject only to a carve-out, the prepetition lenders are granted,
as adequate protection, first-priority postpetition security
interests in and liens on the Debtors' property; junior priority
security interests in and postpetition liens on the Collateral
subject to valid and perfected liens in existence immediately
prior to the Petition Date; and first-priority superpriority
administrative expense claims.

Carve-out means (i) the unpaid fees of the Clerk of the Bankruptcy
Court and the U.S. Trustee; (ii) the reasonable fees and expenses
up to $25,000 incurred by a trustee appointed in the Debtors'
cases under Section 726(b) of the Bankruptcy Code, (iii) accrued
but unpaid wages and benefits for employees in an amount not to
exceed $1.4 million; (iv) professional fees, costs, and expenses
incurred prior to the termination date; and (v) fees, costs and
expenses of professionals in an aggregate amount not to exceed
$150,000, which are incurred on and after the termination date.

A hearing to consider entry of a final Cash Collateral order will
be on Sept. 4, 2013, at 11:00 a.m.  Objections are due Aug. 29.

                About Landauer Healthcare Holdings

Home medical equipment provider Landauer Healthcare Holdings,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
13-12098) on Aug. 16, 2013, with a deal to sell all assets to
Quadrant Management Inc. for $22 million, absent higher and better
offers.

The Company has 32 operating locations, with 50% of inventory
concentrated in Mount Vernon, New York; Great Neck, New York;
Warwick, Rhode Island; and Philadelphia, Pennsylvania. Landauer,
which derives revenues by reimbursement from insurers, Medicare
and Medicaid, reported net revenues of $128.5 million in fiscal
year ended March 31, 2013.

Landauer estimated assets and debt of at least $50 million.

The Debtors have tapped K&L Gates LLP as bankruptcy counsel, Young
Conaway Stargatt & Taylor LLP as Delaware counsel, Carl Marks
Advisory Group as financial advisors, and Epiq Systems as claims
and notice agent.


LANDAUER HEALTHCARE: Taps C. Claster & M. Flynn as Co-CROs
----------------------------------------------------------
Landauer Healthcare Holdings, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ,
pursuant to Section 363 of the Bankruptcy Code, Carl Marks Advisor
Group LLC.

Pursuant to an engagement agreement, CMAG has agreed to provide
Messrs. Mark L. Claster and Michael Flynn to serve as co-chief
restructuring officers and additional staff to assist the co-CROs
in their duties.

The Debtors agreed to pay a fixed fee of $275,000 to CMAG on a
monthly basis in consideration of the services to be performed by
the firm, including the service of the co-CROs.  The firm will
also be reimbursed for any reasonable expenses incurred in
connection with the engagement.  The firm says it contemplate
utilizing at least two individuals who are not employees of CMAG -
- Donald Stires, Jr., and Scott Pasquith -- and potentially
others, to provide services through CMAG in connection with the
Debtors' Chapter 11 cases.

CMAG received a retainer in the amount of $100,000 on July 24,
2013.  The firm also received payment from the Debtors of invoices
of $100,000 each on July 24 and Aug. 9.  The retainer was
replenished with an additional $100,000 on Aug. 12.  All fees and
expenses charged by the firm prior to the Petition Date
(approximately $223,204) were on account of prior financial
advisory services provided to the Debtors.  As of the Petition
Date, approximately $176,795 of the retainer remains and will be
held by CMAG.

A hearing on the request will be on Sept. 12, 2013, at 1:00 p.m.
(ET).  Objections are due Sept. 5.

                About Landauer Healthcare Holdings

Home medical equipment provider Landauer Healthcare Holdings,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
13-12098) on Aug. 16, 2013, with a deal to sell all assets to
Quadrant Management Inc. for $22 million, absent higher and better
offers.

The Company has 32 operating locations, with 50% of inventory
concentrated in Mount Vernon, New York; Great Neck, New York;
Warwick, Rhode Island; and Philadelphia, Pennsylvania. Landauer,
which derives revenues by reimbursement from insurers, Medicare
and Medicaid, reported net revenues of $128.5 million in fiscal
year ended March 31, 2013.

Landauer estimated assets and debt of at least $50 million.

The Debtors have tapped K&L Gates LLP as bankruptcy counsel, Young
Conaway Stargatt & Taylor LLP as Delaware counsel, Carl Marks
Advisory Group as financial advisors, and Epiq Systems as claims
and notice agent.


LANDAUER HEALTHCARE: Seeks to Employ K&L Gates as Counsel
---------------------------------------------------------
Landauer Healthcare Holdings, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to K&L
Gates, LLP, as their general bankruptcy counsel.

K&L Gates attorneys John A. Bicks, Esq. -- john.bicks@klgates.com
-- ($850 per hour) and Mackenzie L. Shea, Esq. --
mackenzie.shea@klgates.com -- ($450 per hour) will have primary
responsibility for providing services to the Debtors.  The Debtors
will also reimburse the firm for reasonable expenses incurred in
connection with its representation.

Mr. Bicks assures the Court that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtors and their estates.  The Debtors paid K&L Gates an advanced
payment retainer of $250,000 on July 23, 2013, and a replenishment
of the retainer with an additional $200,000 on Aug. 9.

A hearing on the request will be on Sept. 12, 2013, at 1:00 p.m.
(ET).  Objections are due Sept. 5.

                About Landauer Healthcare Holdings

Home medical equipment provider Landauer Healthcare Holdings,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
13-12098) on Aug. 16, 2013, with a deal to sell all assets to
Quadrant Management Inc. for $22 million, absent higher and better
offers.

The Company has 32 operating locations, with 50% of inventory
concentrated in Mount Vernon, New York; Great Neck, New York;
Warwick, Rhode Island; and Philadelphia, Pennsylvania. Landauer,
which derives revenues by reimbursement from insurers, Medicare
and Medicaid, reported net revenues of $128.5 million in fiscal
year ended March 31, 2013.

Landauer estimated assets and debt of at least $50 million.

The Debtors have tapped K&L Gates LLP as bankruptcy counsel, Young
Conaway Stargatt & Taylor LLP as Delaware counsel, Carl Marks
Advisory Group as financial advisors, and Epiq Systems as claims
and notice agent.


LEVEL 3: Borrows $595.5MM to Repay Tranche B 2016 Term Loan
-----------------------------------------------------------
Level 3 Financing, Inc., a wholly owned subsidiary of Level 3
Communications, Inc., entered into a seventh amendment agreement
to its Existing Credit Agreement to incur $595,500,000 in
aggregate borrowings under the Existing Credit Agreement through
an additional $595,500,000 Tranche B 2020.  The net proceeds of
the New Tranche were used to pre-pay the Company's $595,500,000
Tranche B 2016 Term Loan under the Existing Credit Agreement.  As
a result of the incurrence of the New Tranche and the pre-payment
of the Tranche B 2016 Term Loan, the total aggregate principal
amount of the loans under the Restated Credit Agreement remains
$2,610,500,000.  The New Tranche matures on Jan. 15, 2020.

The New Tranche has an interest rate, in the case of any ABR
Borrowing (as defined in the Restated Credit Agreement), equal to
(a) the greater of (i) the Prime Rate (as defined in the Restated
Credit Agreement) in effect on that day, (ii) the Federal Funds
Effective Rate (as defined in the Restated Credit Agreement) in
effect on that day plus 1/2 of 1 percent and (iii) the sum of (A)
the higher of (x) the LIBO Rate (as defined in the Restated Credit
Agreement) for a one month interest period on such day and (y) 1.0
percent, plus (B) 1.0 percent, plus (b) 2.0 percent per annum.  In
the case of any Eurodollar Borrowing (as defined in the Restated
Credit Agreement), the New Tranche bears interest at the LIBO Rate
for the interest period for such borrowing plus 3.0 percent per
annum.

The Company, as guarantor, Level 3 Financing, as borrower, Merrill
Lynch Capital Corporation, as Administrative Agent and Collateral
Agent, and certain other agents and certain lenders are party to
that certain Credit Agreement, dated as of March 13, 2007, as
amended and restated by that certain Sixth Amendment Agreement,
dated as of Aug. 12, 2013.  The Existing Credit Agreement as
further amended and restated by the Seventh Amendment Agreement is
referred to as the "Restated Credit Agreement."

Level 3 Financing's obligations under the New Tranche are, subject
to certain exceptions, secured by certain of the assets of (i) the
Company and (ii) certain of the Company's material domestic
subsidiaries which are engaged in the telecommunications business
and which were able to grant a lien on their assets without
regulatory approval.  The Company and certain of its subsidiaries
have also guaranteed the obligations of Level 3 Financing under
the New Tranche.  Upon obtaining regulatory approvals, Level 3
Communications, LLC, an indirect, wholly owned subsidiary of the
Company, and its material domestic subsidiaries will guarantee
and, subject to certain exceptions, pledge certain of their assets
to secure, the obligations under the New Tranche.

No changes have been made to any restrictive covenants or events
of default contained in the Existing Credit Agreement, but certain
changes were pre-agreed by the lenders of the New Tranche relating
to the refinancing provisions.

In addition to the Seventh Amendment Agreement, in connection with
the incurrence of the New Tranche and the lending of the proceeds
thereof by Level 3 Financing to Level 3 LLC, Level 3 Financing and
Level 3 LLC entered into an Amended and Restated Loan Proceeds
Note with an initial principal amount of $3,206,000,000.  In
connection with the pre-payment of the Tranche B 2016 Term Loan
and the corresponding partial pre-payment by Level 3 LLC of the
loan proceeds note, Level 3 Financing and Level 3 LLC entered into
a subsequent Amended and Restated Loan Proceeds Note with an
initial principal amount of $2,610,500,000.

A copy of the Seventh Amendment Agreement is available at:

                      http://is.gd/ziKhT9

                  About Level 3 Communications

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.

As of June 30, 2013, showed $12.86 billion in total assets, $11.75
billion in total liabilities and $1.11 billion total stockholders'
equity.

                           *     *     *

In October 2012, Fitch Ratings affirmed the 'B' Issuer Default
Ratings (IDRs) assigned to Level 3.  LVLT's ratings recognize, in
part, the de-leveraging of the company's balance sheet resulting
from its acquisition of Global Crossing Limited (GLBC).

As reported by the TCR on June 5, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Broomfield, Colo.-
based global telecommunications provider Level 3 Communications
Inc. to 'B' from 'B-'.  "The upgrade reflects improved debt
leverage, initially from the acquisition of the lower-leveraged
Global Crossing in October 2011, and subsequently from realization
of the bulk of what the company expects to eventually be $300
million of annual operating synergies," said Standard & Poor's
credit analyst Richard Siderman.


LIME ENERGY: Incurs $2 Million Net Loss in Second Quarter
---------------------------------------------------------
Lime Energy Co. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.03 million on $13.74 million of revenue for the three months
ended June 30, 2013, as compared with a net loss of $4.66 million
on $10.12 million of revenue for the same period a year ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $8.74 million on $25.74 million of revenue, as compared
with a net loss of $8.84 million on $21.64 million of revenue for
the same period last year.

The Company's balance sheet at June 30, 2013, showed $32.64
million in total assets, $31.68 million in total liabilities and
$952,000 in total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/5vvtHd

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.


MADISON HOTEL: Liquidating Trustee Can Ink Purchase/Sale Agreement
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
has authorized the Grant Lyon, as the Liquidating Trustee of
Madison Hotel, LLC, to enter into the Purchase and Sale Agreement,
dated as of July 1, 2013, by and between the Liquidating Trustee
and Buyer Assa Properties Inc. for the sale of substantially all
of the Debtor's assets pursuant to the Order of the Court
confirming the Second Modified Third Amended Plan of
Reorganization for the Debtor submitted by Lender 62 Madison
Lender, LLC.

A copy of the Order approving the sale of substantially all of the
Debtor's assets to the Buyer is available at

          http://bankrupt.com/misc/madisonhotel.doc246.pdf

As reported in the TCR on Aug. 14, 2013, Grant Lyon of Odyssey
Capital Group LLC, the Liquidating Trustee of Madison Hotel, LLC,
asked Bankruptcy Court to approve the sale of substantially all of
the Debtor's assets to Assa Properties Inc.

According to papers filed with the Court on July 26, Assa
Properties submitted the winning bid of $28,800,000 for the Hotel
Property at the auction that was held June 21.

Pursuant to the Purchase Agreement, Buyer will have sixty (60)
days following Bankruptcy Court approval to close the sale.

Counsel for the Liquidating Trustee can be reached at:

     Cathy Hershcopf, Esq.
     Seth Van Aalten, Esq.
     COOLEY LLP
     1114 Avenue of the Americas
     New York, NY 10036
     Tel: (212) 479-6000

                       Plan Effective May 23

The Bankruptcy Court confirmed on May 8, 2013, the Second Modified
Third Amended Plan of Reorganization for Madison Hotel, LLC, dated
Nov. 9, 2012, submitted by lender 62 Madison Lender, LLC.  The
Effective Date of the Plan occurred on May 23, 2013.

A copy of the Confirmation Order is available at:

         http://bankrupt.com/misc/madisonhotel.doc218.pdf

The Plan contemplates the sale of the Debtor's Hotel Property with
the net proceeds realized upon the consummation of any such sale
being distributed in accordance with the terms of the Plan.

A copy of 62 Madison Lenders' Second Modified Third Amended
Disclosure Statement is available at:

         http://bankrupt.com/misc/madisonhotel.doc141.pdf

                       About Madison Hotel

Madison Hotel LLC is the owner and operator of "The MAve Hotel", a
boutique hotel located at 62 Madison Avenue, New York. The hotel
is 12 floors and has 72 rooms. Madison Hotel Owners, LLC, owns
100% of the membership interests of Madison Hotel, LLC.  They
estimate the value of the hotel property at $32 million.

Prepetition, after a building loan with Textron Financial
Corporation went into arrears, a foreclosure action was commenced,
and a receiver appointed.   The receiver continued to operate the
hotel postpetition.

Madison Hotel, LLC, based in New York, filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case No. 11-12560) on May 27, 2011.
Judge Martin Glenn presides over the case.  Mark A. Frankel, Esq.,
at Backenroth Frankel & Krinsky, LLP, serves as bankruptcy
counsel.  In its schedules, the Debtor disclosed $33.6 million in
assets and $26.1 million in liabilities as of the Chapter 11
filing.

Madison Hotel Owners LLC filed its own chapter 11 petition,
separate from Madison Hotel LLC's case, on May 16, 2011.

To date, an unsecured creditors committee has not been appointed
in Madison Hotel LLC's case.


MAGNOLIA GOLF: Case Summary & 4 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Magnolia Golf Enterprise Corporation
        2420 Kent Place
        Clearwater, FL 33764

Bankruptcy Case No.: 13-11177

Chapter 11 Petition Date: August 23, 2013

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Joel S. Treuhaft, Esq.
                  PALM HARBOR LAW GROUP, P.A.
                  2997 Alt 19 Ste B
                  Palm Harbor, FL 34683-1907
                  Tel: (727) 797-7799
                  Fax: (727) 213-6933
                  E-mail: jstreuhaft@yahoo.com

Estimated Assets: $0 to $50,000

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/flmb13-11177.pdf

The petition was signed by Peter M. Lenhardt, president.

Affiliates that simultaneously filed Chapter 11 petitions:

     Debtor                                            Case No.
     ------                                            --------
International Associates Development Corp.          13-bk-11178
Lenhardt Family Limited Partnership II, L.L.L.P.    13-bk-11179


MAQ MANAGEMENT: Effective Date of Confirmed Plan Occurred Aug. 2
----------------------------------------------------------------
On Aug. 2, 2013, MAQ Management, Inc., et al., served notice to
parties in interest in the Chapter 11 bankruptcy case of MAQ
Management, Inc., et al., that the effective date of the Debtors'
Fourth Amended Consolidated Plan [ECF No. 789] dated April 15,
2013, as amended by the First Amendment [ECF No. 816], the Second
Amendment [ECF No. 821], and the Third Amendment [ECF No. 863],
will be fourteen (14) days from the date of entry of the
Confirmation Order, or Aug. 2, 2013.

On July 19, the Bankruptcy Court for the Southern District of
Florida confirmed and approved in all respects the Debtors' Fourth
Amended Consolidated Plan, as modified and amended by the
Modifications.

The Bankruptcy Court also approved the Disclosure Statement on a
final basis.

A copy of the Confirming Order is available at

         http://bankrupt.com/misc/maqmanagement.doc878.pdf

As reported in the TCR on May 10, 2013, MAQ Management, Inc. et
al., on April 15 submitted to the U.S. Bankruptcy Court for the
Southern District of Florida a Joint Disclosure Statement
explaining the proposed Fourth Amended Consolidated Plan of
Reorganization.

According to the Disclosure Statement, the Plan provides that,
among other things, each General Unsecured Creditor will receive
$100,000 in quarterly distributions of $5,000 over five years on a
pro rata basis.  Payments for the General Unsecured Creditor will
be funded from the cash flow from the operating business.

A copy of the Disclosure Statement is available for free at

      http://bankrupt.com/misc/MAQ_MANAGEMENT_ds_4amended.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 Christopher C. Todd, Esq., at
McIntyre, Panzarella, Thanasides, Hoffman, Bringgold & Todd, P.A.,
in Temple Terrace, Fla., serve the Debtors as substitute counsel.


MAXCOM TELECOMUNICACIONES: Can Employ Kirkland as Lead Counsel
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Max Telecomunicaciones, S.A.B. de C.V., et al., to employ Kirkland
& Ellis LLP as their attorneys to be paid the following
hourly rates:

   Partners                $655 - $1,150
   Of Counsel              $450 - $1,150
   Associates              $430 - $790
   Paraprofessionals       $150 - $335

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Marc Kieselstein, P.C., Esq. -- marc.kieselstein@kirkland.com --
Adam Paul, Esq. -- adam.paul@kirkland.com -- and Daniel R.
Hodgman, Esq. -- daniel.hodgman@kirkland.com -- at Kirkland &
Ellis LLP, are expected to take primary roles in providing
services to the Debtors.

                           About Maxcom

Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico
City, Mexico, is a facilities-based telecommunications provider
using a "smart-build" approach to deliver last-mile connectivity
to micro, small and medium-sized businesses and residential
customers in the Mexican territory.  Maxcom launched commercial
operations in May 1999 and is currently offering local, long
distance, data, value-added, paid TV and IP-based services on a
full basis in greater metropolitan Mexico City, Puebla, Tehuacan,
San Luis, and Queretaro, and on a selected basis in several cities
in Mexico.

In June 2013, Maxcom didn't make an $11 million interest payment
on the notes.

Maxcom sought bankruptcy protection (Bankr. D. Del. Case No.
13-11839) in Wilmington, Delaware, on July 23, 2013.

Maxcom listed $11.1 billion in assets and $402.3 million in debt.
The company had assets valued at 4.98 billion pesos ($394 million)
in the quarter ended March 31, according to an April 26 regulatory
filing.  The company reached a restructuring agreement with
Ventura Capital, a group holding about $86 million, or 48.7
percent, of the senior notes and about 44 percent of its equity
holders, court papers show.

The Company has engaged Lazard Freres & Co. LLC and its alliance
partner Alfaro, Davila y Rios, S.C., as its financial advisor and
Kirkland & Ellis LLP and Santamarina y Steta, S.C. as its U.S. and
Mexican legal advisors in connection with its restructuring
proceedings and potential Chapter 11 case.  The Ad Hoc Group has
retained Cleary Gottlieb Steen & Hamilton LLP and Cervantes Sainz,
S.C., as its U.S. and Mexican legal advisors.  Ventura has
retained VACE Partners as its financial advisor, and Paul Hastings
LLP and Jones Day as its U.S. and Mexican legal advisors,
respectively.


MAXCOM TELECOMUNICACIONES: Can Tap Pachulski as Local Del. Counsel
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Max Telecomunicaciones, S.A.B. de C.V., et al., to employ
Pachulski Stang Ziehl & Jones LLP as local Delaware counsel.

The principal attorneys and paralegals presently designated to
represent the Debtors and their current standard hourly rates are:

Laura Davis Jones, Esq.    $975
Timothy P. Cairns, Esq.    $575
Peter J. Keane, Esq.       $425
Lynzy McGee                $295

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

                           About Maxcom

Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico
City, Mexico, is a facilities-based telecommunications provider
using a "smart-build" approach to deliver last-mile connectivity
to micro, small and medium-sized businesses and residential
customers in the Mexican territory.  Maxcom launched commercial
operations in May 1999 and is currently offering local, long
distance, data, value-added, paid TV and IP-based services on a
full basis in greater metropolitan Mexico City, Puebla, Tehuacan,
San Luis, and Queretaro, and on a selected basis in several cities
in Mexico.

In June 2013, Maxcom didn't make an $11 million interest payment
on the notes.

Maxcom sought bankruptcy protection (Bankr. D. Del. Case No.
13-11839) in Wilmington, Delaware, on July 23, 2013.

Maxcom listed $11.1 billion in assets and $402.3 million in debt.
The company had assets valued at 4.98 billion pesos ($394 million)
in the quarter ended March 31, according to an April 26 regulatory
filing.  The company reached a restructuring agreement with
Ventura Capital, a group holding about $86 million, or 48.7
percent, of the senior notes and about 44 percent of its equity
holders, court papers show.

The Company has engaged Lazard Freres & Co. LLC and its alliance
partner Alfaro, Davila y Rios, S.C., as its financial advisor and
Kirkland & Ellis LLP and Santamarina y Steta, S.C. as its U.S. and
Mexican legal advisors in connection with its restructuring
proceedings and potential Chapter 11 case.  The Ad Hoc Group has
retained Cleary Gottlieb Steen & Hamilton LLP and Cervantes Sainz,
S.C., as its U.S. and Mexican legal advisors.  Ventura has
retained VACE Partners as its financial advisor, and Paul Hastings
LLP and Jones Day as its U.S. and Mexican legal advisors,
respectively.


MAXCOM TELECOMUNICACIONES: Can Employ Santamarina as Mex. Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Max Telecomunicaciones, S.A.B. de C.V., et al., to employ
Santamarina y Steta, S.C., as their special Mexican corporate and
restructuring counsel.

The following professionals will take a primary role in providing
services to the Debtors and will be paid their customary hourly
rates:

Fernando del Castillo, Esq.         US$390
Carlos Montes Flores, Esq.            $241
Gabriela Meza Diaz de Leon, Esq.      $241
Adriana Padilla Rivas, Esq.           $200
Ana Laura Elizalde Leon, Esq.         $189
Karla Silva Rodriguez, paralegal       $89
Rodrigo Solis Azonos, paralegal        $89
Jorge Gaitan Burgos, paralegal         $89
Andres Sanchez Mendoza, paralegal      $89
Saady Ancheita Arroyo, paralegal       $89

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

                           About Maxcom

Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico
City, Mexico, is a facilities-based telecommunications provider
using a "smart-build" approach to deliver last-mile connectivity
to micro, small and medium-sized businesses and residential
customers in the Mexican territory.  Maxcom launched commercial
operations in May 1999 and is currently offering local, long
distance, data, value-added, paid TV and IP-based services on a
full basis in greater metropolitan Mexico City, Puebla, Tehuacan,
San Luis, and Queretaro, and on a selected basis in several cities
in Mexico.

In June 2013, Maxcom didn't make an $11 million interest payment
on the notes.

Maxcom sought bankruptcy protection (Bankr. D. Del. Case No.
13-11839) in Wilmington, Delaware, on July 23, 2013.

Maxcom listed $11.1 billion in assets and $402.3 million in debt.
The company had assets valued at 4.98 billion pesos ($394 million)
in the quarter ended March 31, according to an April 26 regulatory
filing.  The company reached a restructuring agreement with
Ventura Capital, a group holding about $86 million, or 48.7
percent, of the senior notes and about 44 percent of its equity
holders, court papers show.

The Company has engaged Lazard Freres & Co. LLC and its alliance
partner Alfaro, Davila y Rios, S.C., as its financial advisor and
Kirkland & Ellis LLP and Santamarina y Steta, S.C. as its U.S. and
Mexican legal advisors in connection with its restructuring
proceedings and potential Chapter 11 case.  The Ad Hoc Group has
retained Cleary Gottlieb Steen & Hamilton LLP and Cervantes Sainz,
S.C., as its U.S. and Mexican legal advisors.  Ventura has
retained VACE Partners as its financial advisor, and Paul Hastings
LLP and Jones Day as its U.S. and Mexican legal advisors,
respectively.


MERCANTILE BANCORP: Securities Holders Tap Kirkland as Counsel
--------------------------------------------------------------
The Official Committee of Trust Preferred Securities Holders
appointed in the Chapter 11 case of Mercantile Bancorp, Inc.,
seeks authority from the U.S. Bankruptcy Court for the District of
Delaware to retain Kirkland & Ellis LLP as its attorneys, to be
paid the following hourly rates:

   Partners                 $655-$1,150
   Of Counsel               $450-$1,150
   Associates                 $430-$790
   Paraprofessionals          $150-$335

David R. Seligman, Esq. -- david.seligman@kirkland.com -- ($1,025
per hour) and Jeffrey W. Gettleman, Esq. --
jeffrey.gettleman@kirkland.com -- ($835 per hour) are expected to
have primary responsibility for providing services to the
Committee.

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Mr. Seligman assures the Court that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Committee.

A hearing on the retention application will be on Sept. 10, 2013,
at 3:00 p.m. (prevailing Eastern Time).  Objections are due
Sept. 3.

                     About Mercantile Bancorp

Mercantile Bancorp -- http://www.mercbanx.com/-- is a Quincy,
Illinois-based bank holding company with wholly owned subsidiaries
consisting of one bank in Illinois and one each in Kansas and
Florida, where the Company conducts full-service commercial and
consumer banking business, engages in mortgage banking, trust
services and asset management, and provides other financial
services and products.  The Company also operated Mercantile Bank
branch offices in Missouri and Indiana.

On Aug. 10, 2011, the Illinois Division of Banking released a
Consent Order that Mercantile Bank, the Federal Deposit Insurance
Corporation, and the Division entered into as of July 28, 2011.
Under the Order, Mercantile Bank will cease operating with all
money transmitters and currency businesses providing brokerage,
sale or exchange of non-United States currency for deposit
customers.  Furthermore, Mercantile Bank may not enter into a new
line of business without the prior written consent of the FDIC and
the Division.

Mercantile Bancorp filed a Chapter 11 petition (Bankr. D. Del.
Case No. 13-11634) on June 27, 2013.  The petition shows assets
and debt both exceeding $50 million.  Liabilities include $61.9
million owing on junior subordinated debentures.  Mercantile
stopped paying interest on the debentures in 2009, since then
running up $14 million in unpaid interest.

Stuart M. Brown, Esq. at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Kimberly D. Newmarch,
Esq., and Aaron M. Paushter, Esq., at DLA Piper LLP (US), in
Chicago, Illinois, are the attorneys for the Debtor.

A three-member official committee of unsecured creditors was
appointed by the U.S. Trustee.


MERCANTILE BANCORP: Securities Holders Retain Klehr Harrison
------------------------------------------------------------
The Official Committee of Trust Preferred Securities Holders
appointed in the Chapter 11 case of Mercantile Bancorp, Inc.,
seeks authority from the U.S. Bankruptcy Court for the District of
Delaware to retain Klehr Harrison Harvey Branzburg LLP as co-
counsel to be paid the following hourly rates:

   Partners            $400-$660
   Of Counsel          $350-$500
   Associates          $250-$400
   Paraprofessionals   $125-$185

Morton Branzburg, Esq. -- mbranzburg@klehr.com -- ($650 per hour)
and Domenic E. Pacitti, Esq. -- dpacitti@klehr.com -- ($550 per
hour) will have primary responsibility for providing services to
the Committee.

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Mr. Pacitti assures the Court that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Committee.

                     About Mercantile Bancorp

Mercantile Bancorp -- http://www.mercbanx.com/-- is a Quincy,
Illinois-based bank holding company with wholly owned subsidiaries
consisting of one bank in Illinois and one each in Kansas and
Florida, where the Company conducts full-service commercial and
consumer banking business, engages in mortgage banking, trust
services and asset management, and provides other financial
services and products.  The Company also operated Mercantile Bank
branch offices in Missouri and Indiana.

On Aug. 10, 2011, the Illinois Division of Banking released a
Consent Order that Mercantile Bank, the Federal Deposit Insurance
Corporation, and the Division entered into as of July 28, 2011.
Under the Order, Mercantile Bank will cease operating with all
money transmitters and currency businesses providing brokerage,
sale or exchange of non-United States currency for deposit
customers.  Furthermore, Mercantile Bank may not enter into a new
line of business without the prior written consent of the FDIC and
the Division.

Mercantile Bancorp filed a Chapter 11 petition (Bankr. D. Del.
Case No. 13-11634) on June 27, 2013.  The petition shows assets
and debt both exceeding $50 million.  Liabilities include $61.9
million owing on junior subordinated debentures.  Mercantile
stopped paying interest on the debentures in 2009, since then
running up $14 million in unpaid interest.

Stuart M. Brown, Esq. at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Kimberly D. Newmarch,
Esq., and Aaron M. Paushter, Esq., at DLA Piper LLP (US), in
Chicago, Illinois, are the attorneys for the Debtor.

A three-member official committee of unsecured creditors was
appointed by the U.S. Trustee.


MIDTOWN SCOUTS: Seeks Extension of Filing Period Until Oct. 31
--------------------------------------------------------------
Midtown Scouts Square Property, LP, and Midtown Scouts Square,
LLC, ask the U.S. Bankruptcy Court for the Southern District of
Texas for expedited consideration and/or expedited hearing and
order extending the Debtors' exclusive periods to file and obtain
acceptances of a plan until Oct. 31, 2013, and Dec. 31, 2013,
respectively.

According to papers filed with the Court, on June 24, 2013, the
Debtors filed their Motion to Estimate the Claim of Richey Family
Limited Partnership, L.E. Richey, Todd Richey, and Bank of Houston
(for indemnity only) which is currently pending before the Court
(the "Estimation Motion").  "Claims alleged by the Richeys in the
litigation (although highly disputed) are potentially substantial
and allowance of the same could significantly impact any plan
filed by the Debtors, including whether the Richeys have an equity
interest in the Debtors," the Debtors said.

"Thus, the Estimation Motion must be resolved before the Debtors
can confirm a plan.  A Pretrial conference on the Estimation
Motion is currently set for Sept. 19, 2013, at which time the
court will set the matter for trial.  Accordingly, Debtors will
not be able to file a meaningful Chapter 11 Plan prior to the
expiration of the current exclusivity period."

This is the Debtors' first request for an extension of the
Exclusivity Period.

                   About Midtown Scouts Square

Midtown Scouts Square Property, LP, and affiliate Midtown Scouts
Square, LLC, own two commercial properties located in Midtown
Houston, Texas.  The first property is a mixed use 36,000-square-
foot two-storey office/restaurant building originally
constructed in 1975, while the second property is a 104,000-square
foot eight-storey parking garage with ground floor retail space,
both in Bagby Street, in Houston.

The two entities sought Chapter 11 protection (Bankr. S.D. Tex.
Lead Case No. 13-32920) on May 9, 2013.  The petitions were signed
by Erich Mundinger as president of general partner.  Judge Karen
K. Brown presides over the case.  In its schedules, MSS Property
disclosed $17,408,328 in assets and $16,666,325 in liabilities.
Hoover Slovacek, LLP, serves as the Debtor's counsel.  Hawash
Meade Gaston Neese & Cicack, LLP, serves as special litigation
counsel.


MMRGLOBAL INC: Reports 51% Increase in 2nd Quarter Revenues
-----------------------------------------------------------
MMRGlobal, Inc., has filed its quarterly report on Form 10-Q for
the second quarter ended June 30, 2013, with the U.S. Securities
and Exchange Commission. Revenues for the quarter increased by
51.2 percent over the same period in 2012, not including deferred
revenue.  Under the Company's revenue recognition policy, a
portion of MMRPro sales are recognized over the life of the MMRPro
sales and licensing agreement therefore that portion of the
revenue is deferred.  Revenues for the six months ended June 30,
2013, were also up 13.7 percent, as compared to the same period in
2012.  It is worth noting that in the first six months of 2012,
revenue included licensing fees from the Company's $13 million
biotech licensing agreement.  When comparing the same six-month
period, based only on revenues from the Company's core Health
Information Technology business in 2013, the revenue increase is
55 percent.  Overall net loss decreased 16 percent in the second
quarter as compared to the same period last year and 10 percent in
the six-month period ended June 30, 2013 as compared to 2012.

The Company also reported a 66 percent increase in subscriber
revenues from consumers and association and employer-based
affinity programs, a 131 percent increase in MMRPro revenues, and
a 300 percent increase in gross profit when compared to the second
quarter of 2012.

According to MMRGlobal CEO Robert H. Lorsch, "Although early in
the game, we are beginning to see revenue from license agreements
pertaining to the Company's HIT patents and other intellectual
property.  While the Company's primary business continues to be
selling our MyMedicalRecords and MMRPro products and services, the
market is becoming receptive to utilizing or licensing our
patented products and services and other intellectual property
without the necessity of litigation.  Also, we are gratified to
note that despite the Company's patent litigation with Walgreens
and others, all but one of the defendants at this time are
actively working to resolve these matters through openly exploring
strategic solutions or licensing opportunities with the Company."

As an example of the progress the Company is making through this
litigation solution approach, the following statement was included
in WebMD's most recent 10-Q: "Pursuant to an agreement between the
parties, MyMedicalRecords dismissed the complaint without
prejudice in order to enable the parties to try to resolve the
matter without the timing constraints of the litigation. Because
the dismissal is without prejudice, MyMedicalRecords retains the
right to re-file the case."

In addition, several of the top ten EMR providers are engaged in
active discussions with the Company regardless of the fact that
MMR has not filed suit against them at this time.  As a result,
the Company is optimistic that significant agreements to utilize
or license the Company's IP could be reached without the need for
litigation with one or more of these parties.

The Company now owns eight U.S. patents that include hundreds of
claims focused on the digital transmission of medical records,
including Personal Health Records.  The most recent U.S. patent,
covering prescriptions, was received on June 30, 2013.  The
Company also has additional U.S. patent applications pending which
include numerous continuation applications.  Internationally, the
Company has received issued patents and has pending applications
in countries of commercial interest such as Australia, Singapore,
New Zealand, Mexico, Canada, Hong Kong, Japan, South Korea,
Israel, and European nations.  The Company believes hospitals,
healthcare professionals and certain vendors responding to the
current needs of the market will need licenses from the Company,
or they could infringe upon MMR's portfolio of intellectual
property.

Based on publicly available information and the terms of the
written agreement, the Company projects receipt of the additional
milestone payments under its $13,000,000 biotech license agreement
originally filed in a Form 8-K with the SEC on Dec. 21, 2010, as
they become due.

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

                         http://is.gd/n2hFLQ

                           About MMRGlobal

Los Angeles, Calif.-based MMR Global, Inc. (OTC BB: MMRF)
-- http://www.mmrglobal.com/-- through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-
use online Personal Health Records (PHRs) and electronic safe
deposit box storage solutions, serving consumers, healthcare
professionals, employers, insurance companies, financial
institutions, and professional organizations and affinity groups.

The Company's balance sheet at March 31, 2013, showed $2.25
million in total assets, $9.04 million in total liabilities and a
$6.79 million total stockholders' deficit.

MMRGlobal incurred a net loss of $5.90 million in 2012, as
compared with a net loss of $8.88 million in 2011.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the years ended
Dec. 31, 2012, and 2011, that raise substantial doubt about the
Company's ability to continue as a going concern.


MOBIVITY HOLDINGS: Sandor Capital, et al., to Sell 95MM Shares
--------------------------------------------------------------
Mobivity Holdings Corp. filed with the U.S. Securities and
Exchange Commission a Form S-1 registration statement to register
95,309,839 shares of the Company's common stock for resale by
Sandor Capital Master Fund, Ballyshannon Partners LP, Ballyshannon
Family Partnership, Porter Partners, LP, et al.

The shares owned by the selling stockholders may be sold in the
over-the-counter market, or otherwise, at prices and terms then
prevailing or at prices related to the then-current market price,
or in negotiated transactions.  Although the Company will incur
expenses in connection with the registration of the common stock,
the Compay will not receive any of the proceeds from the sale of
the shares of common stock by the selling stockholders.  The
Company will receive gross proceeds of up to $6,177,002 from the
exercise of the warrants, if and when they are exercised.

The Company's common stock is quoted on the OTC Markets under the
symbol "MFON".  The last reported sale price of the Company's
common stock as reported by the OTC Markets on Aug. 14, 2013, was
$0.60 per share.

A copy of the Form S-1 prospectus is available for free at:

                        http://is.gd/s4CZfj

                     About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings disclosed a net loss of $7.33 million in 2012,
as compared with a net loss of $16.31 million in 2011.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing recurring operating losses and
negative cash flows from operations and dependence on additional
financing to fund operations which raise substantial doubt about
the Company's ability to continue as a going concern.

                         Bankruptcy Warning

"[A]ll of our assets are currently subject to a first priority
lien in favor of the holders of our outstanding convertible notes
payable in the current aggregate principal amount of $4,521,378.
The notes are due on October 15, 2013, if we are unable to repay
or refinance our obligations under those notes by October 15,
2013, the holders of the notes will have the right to foreclose on
their security interests and seize our assets.  To avoid such an
event, we may be forced to seek bankruptcy protection, however a
bankruptcy filing would, in all likelihood, materially adversely
affect our ability to continue our current level of operations.
In the event we are not able to refinance or repay the notes, but
negotiate for a further extension of the maturity date of the
notes, we may be required to pay significant extension fees in
cash or shares of our equity securities or otherwise make other
forms of concessions that may adversely impact the interests of
our common stockholders," the Company has warned in its annual
report for the year ended Dec. 31, 2012.


MONTREAL MAINE: Ch.11 Trustee Hires Bernstein Shur as Counsel
-------------------------------------------------------------
Robert J. Keach, the chapter 11 trustee in the bankruptcy case of
Montreal, Maine & Atlantic Railway Ltd., asks the U.S. Bankruptcy
Court for permission to employ Bernstein, Shur, Sawyer & Nelson,
P.A. as counsel.

Mr. Keach -- rkeach@bernsteinshur.com -- is co-chair of Bernstein
Shur's Business Restructuring and Insolvency Practice Group, and
is a shareholder of the firm.

As counsel, Bernstein Shur will, among other things, provide these
services:

   (a) advising the Chapter 11 Trustee with respect to his powers
       and duties in the Chapter 11 Trustee's continued management
       and operation of the Debtor's business and property;

   (b) representing the Trustee at all hearings and matters
       pertaining to the Trustee's affairs as Trustee; and

   (c) attending meetings and negotiating with representatives of
       the Debtor's creditors and other parties-in-interest, as
       well as responding to creditor inquiries.

To the best of the Chapter 11 Trustee's knowledge, Bernstein Shur
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

             About Montreal, Maine & Atlantic Railway

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein Shur, has been named as
Chapter 11 trustee.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MONTREAL MAINE: US Trustee Balks at Section 506(c) Waiver
---------------------------------------------------------
The United States Trustee filed a limited objection to Montreal,
Maine & Atlantic Railway Ltd.'s request for authority to use cash
collateral on interim basis; and for a hearing to consider the use
of cash collateral on a final basis.

Contemporaneously with commencement of the case, the Debtor filed
the Cash Collateral Motion, along with certain other "First Day
Motions" and a Motion for Emergency Hearing on the Cash Collateral
Motion and the other First Days Motions.

On Aug. 8, 2013, the Court conducted a hearing on the Motion for
Emergency Hearing, and granted the same.

Consequently, the Court conducted an emergency hearing on the Cash
Collateral Motion.

In the proposed order relating to the Cash Collateral Motion, the
Debtor proposed granting a waiver of the protections of section
506(c) of the United States Bankruptcy Code, as a means of further
protecting the interests of its secured lender, Wheeling & Lake
Erie Railway Company.

At the Emergency Hearing, the Court expressed concern about the
request for a section 506(c) waiver, a concern which was
reiterated by the U.S. Trustee.  In light of these expressed
concerns, Wheeling notified the Court at the Emergency Hearing
that it would not be seeking such a waiver for purposes of the
emergency relief being requested by the Debtor with respect to the
use of Wheeling's cash collateral, but Wheeling reserved its right
to do so at a later time.

The U.S. Trustee's limited objection was lodged prior to its
appointment of a Chapter 11.  Robert J. Keach, Esq., at Bernstein
Shur, was consequently named as Chapter 11 trustee.

According to the U.S. Trustee, the Debtor's estate is or may
become administratively insolvent.  To the extent that the Debtor
and Wheeling seek a 506(c) waiver in connection with continued use
of Cash Collateral, the U.S. Trustee is objecting to that request.

Simply put, requesting a section 506(c) waiver at this point in
this case is premature, according to the U.S. Trustee.  Indeed,
because it is certain that a trustee will be appointed, the Debtor
and Wheeling should not be permitted to negotiate that trustee's
ability to analyze this important issue.  If the Court were to
grant a 506(c) waiver, it may alter the way in which the limited
proceeds in this case would otherwise be distributed.

The U.S. Trustee asks the Court to permit the case to run its
course, deny any request for a 506(c) waiver at this juncture, and
continue to do so until, minimally, a trustee is appointed who can
evaluate the facts of this case and weigh in on the issue of the
appropriateness of such a waiver in connection with any further
interim order or final order concerning the use of cash
collateral.

The U.S. Trustee is represented by:

         Jennifer H. Pincus Esq.
         Trial Attorney
         United States Department of Justice
         Office of United States Trustee
         537 Congress Street, Suite 303
         Portland, ME 04101
         Tel: (207) 780-3564
         E-mail: Jennifer.H.Pincus@usdoj.gov

             About Montreal, Maine & Atlantic Railway

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein Shur in Portland, has been
named as chapter 11 trustee.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MONTREAL MAINE: Incomplete Documents Due Sept. 4
------------------------------------------------
At the behest of Montreal, Maine & Atlantic Railway Ltd., the U.S.
Bankruptcy Court extended the time for the Debtor to submit its
incomplete filings until Sept. 4, 2013, including complete
schedules of assets and liabilities, and statement of financial
affairs.

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein Shur, has been named as
chapter 11 trustee.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MOUNTAIN COUNTRY: Court OKs Turner & Johns as Trustee's Counsel
---------------------------------------------------------------
The Bankruptcy Court authorized Robert L. Johns, trustee for the
Chapter 11 case of Mountain Country Partners, LLC, to engage
Turner & Johns, PLLC, as his counsel.

As reported by the TCR on Aug. 6, 2013, Turner & Johns will, among
others:

   * conduct real estate title examinations to determine the
     identity and extent of oil and gas interests owned by the
     estate;

   * represent the Chapter 11 Trustee in liquidating assets of the
     Debtor;

   * represent the Chapter 11 Trustee in disputes with the West
     Virginia Department of Environmental Protection relative to
     permits for wastewater disposal wells and well plugging
     issues; and

   * give the Chapter 11 Trustee advice with respect to his powers
     and duties and assist him as needed in his administration of
     the Debtor's
     estate.

The law firm's hourly rates are $175 to $370 for attorneys, and
$90 for paralegals.

                    About Mountain Country

Seven individual investors filed an involuntary Chapter 11
bankruptcy petition against Jacksonville, Florida-based Mountain
Country Partners, LLC (Bankr. S.D. W.Va. Case No. 12-20094) on
Feb. 17, 2012.  Judge Ronald G. Pearson presides over the case.
Joseph W. Caldwell, Esq., at Caldwell & Riffee, represent the
petitioners.

An Order for Relief was entered by the Court on June 25, 2012.
Robert L. Johns was appointed Chapter 11 Trustee on July 6, 2012.

James W. Lane, Jr., at the Law Offices of Jim Lane, Jr.,
represents the Debtor as counsel.  The law firm of Turner & Johns,
PLLC, represents Chapter 11 Trustee Robert L. Johns, as counsel.


MOUNTAIN COUNTRY: Hearing to Approve Financing on Sept. 18
----------------------------------------------------------
The Bankruptcy Court entered an order continuing the hearing on
Robert L. Johns's request to obtain post-petition financing and
motion to sell Roane County oil wells to Sept. 18, 2013, at 2:30
p.m.

The Chapter 11 Trustee requested the continuance of hearing
because it received a competing proposal from Cunningham Energy,
LLC, and needs more time to obtain and evaluate the resources of
the potential bidders, and if appropriate, to schedule and conduct
a private auction between bidders.

                           DIP Financing

The Chapter 11 Trustee seeks Bankruptcy Court permission to obtain
post-petition financing from Mountaineer State Energy, LLC, for
costs of repairing and placing 32 Roane County non-productive oil
and gas wells back into production.

The terms and conditions of the financing of the Reworks and the
transfer of a 25 percent profit interest in repaired Wells include
the following elements:

   (a) MSE will provide labor materials for the Reworks, but not
       to exceed $8,000 per Well without the Chapter 11 Trustee's
       approval;

   (b) the total repair costs will be a non-recourse loan from MSE
       to the bankruptcy estate, bearing interest at the rate of
       10 percent per annum, and secured by a first lien Deed of
       Trust on the Wells;

   (c) payments on the loan will come solely from 50 percent of
       the net proceeds from production of the Wells  and the
       proceeds of any sale of the Wells by the Chapter 11
       Trustee;

   (d) as additional consideration for MSE's agreement to make the
       Loan and supervise the repair work, the Chapter 11 Trustee
       will transfer a 25 percent profit interest in production
       from, and sale  of, the Wells actually returned to
       production.

The Chapter 11 Trustee further asks the Court to allow all his
reasonable and necessary expenses, with all other reasonable and
necessary expenses to be paid from the estate's share of net
proceeds.

                      About Mountain Country

Seven individual investors filed an involuntary Chapter 11
bankruptcy petition against Jacksonville, Florida-based Mountain
Country Partners, LLC (Bankr. S.D. W.Va. Case No. 12-20094) on
Feb. 17, 2012.  Judge Ronald G. Pearson presides over the case.
Joseph W. Caldwell, Esq., at Caldwell & Riffee, represent the
petitioners.

An Order for Relief was entered by the Court on June 25, 2012.
Robert L. Johns was appointed Chapter 11 Trustee on July 6, 2012.

James W. Lane, Jr., at the Law Offices of Jim Lane, Jr.,
represents the Debtor as counsel.  The law firm of Turner & Johns,
PLLC, represents Chapter 11 Trustee Robert L. Johns, as counsel.


MORRIS BROWN COLLEGE: Has $1.5MM Loan From Methodist Church
-----------------------------------------------------------
Maria Saporta, writing for Saporta Report, reports that Morris
Brown College said in court papers submitted last week it will be
seeking to stay open for the foreseeable future thanks to a new
$1.5 million loan that the African Methodist Episcopal Church is
willing to provide.  Morris Brown has been operating with a
skeletal staff and faculty teaching about three dozen students.
Morris Brown will use the loan on administrative costs as well on
various interest payments on the college's debt.

Saporta Report says Morris Brown just a couple of months ago
indicated it had a $20 million offer from a company -- FD LLC --
to purchase the college's property, help settle its debts, and
cover a portion of its annual operating costs.  The proposal was
thought to be for a development that would include a Family Dollar
store, even though representatives said that the discount retailer
might not be part of the project.  Still, when Morris Brown
appeared before Bankruptcy Judge Barbara Ellis-Monro in July,
representatives acknowledged that the FD LLC had run into some
obstacles and that they were working on a different financial
plan.

The report also notes that prior to the FD LLC proposal, the City
of Atlanta had made an offer to Morris Brown to buy its property
and help settle its outstanding debts in a deal of nearly $10
million.  Morris Brown turned down the city's offer.

                     About Morris Brown College

Morris Brown College, a black college founded in 1881, filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Ga. Case No.
12-71188) on Aug. 25, 2012, in Atlanta to stop foreclosure on a
$13 million mortgage.

Morris Brown was denied accreditation from the Commission on
Colleges of the Southern Association of Colleges and Schools in
December 2002.  Without its accreditation, Morris Brown College
didn't qualify for federal funding.

The Debtor estimated assets and liabilities of $10 million to
$50 million as of the Chapter 11 filing.

Morris Brown filed applications to employ Dilworth Paxson LLP as
lead counsel; The Moore Law Group, LLC, as local counsel; and BDO
USA, LLP as auditors.


MSI CORPORATION: Gets Continued Cash Collateral Access Thru Nov. 1
------------------------------------------------------------------
Judge Jeffery A. Deller has authorized MSI Corporation to use the
cash collateral of First Commonwealth Bank pursuant to a prepared
budget through and including Nov. 1, 2013.

As previously reported by The Troubled Company Reporter, if no no
objections to entry of a final order approving the Cash Collateral
Motion were filed by Aug. 22, the Court may grant the relief
sought in the motion on a final basis without a final hearing, for
the Debtor's access to the cash collatereal through Nov. 1.  First
Commonwealth Bank is the largest creditor of the Debtor and the
estate, and as of June 7, 2013, the Debtor was indebted to the
Bank in aggregate principal and interest balance of $3,618,694.

                           About MSI Corp.

MSI Corporation filed a bare-bones Chapter 11 petition (Bankr.
W.D. Pa. Case No. 13-22457) in Pittsburgh on June 7, 2013.  Judge
Jeffery A. Deller presides over the case.  The Vandergrift,
Pennsylvania-based company estimated at least $10 million in
assets and less than $10 million in liabilities.

Albert's Capital Services, LLC, is the Debtor's chief
restructuring officer.  Michael J. Roeschenthaler, Esq., and Scott
E. Schuster, Esq., at McGuireWoods LLP, in Pittsburgh, serves as
the Debtor's counsel.  Geary & Loperfito, LLC serves as special
counsel.


MUSCLEPHARM CORP: Approves $1 Million Potential 2013 Bonuses
------------------------------------------------------------
The Compensation Committee of MusclePharm Corporation formally
approved the potential amount of bonuses that may be earned by the
named executive officers of the Company in fiscal year 2013 upon
the successful completion of certain performance based criteria
for each named executive director that was established by the
Committee.  The Committee also approved that the Company will be
authorized to pay all or a portion of those Executive Bonuses when
those bonuses are earned based upon the successful completion of
those performance criteria thresholds established by the
Committee.

The Executive Bonuses amounts formally approved by the Committee
for each named executive officer, are:


  Name                Title                       Bonus Amount
  -----------------   -------------------------   ------------
  Brad J. Pyatt       Co-Chairman, CEO and Pres.    $250,000
  Gary Davis          CFO                           $225,000
  John H. Bluher      Co-Chairman and EVP           $225,000
  Richard Estalella   COO                          *$157,534
  Cory J. Gregory     EVP of Brand Awareness        $150,000
                      and Social Media             -----------
                                        Total       $1,007,534

*Prorated from hire date

Pursuant to the Executive Bonuses structure and based upon the
successful completion of certain performance criteria thresholds,
as of Aug. 12, 2013, an aggregate of $254,759 is currently payable
to certain of the Company's named executive officers.

                         About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

The Company reported a net loss of $23.28 million in 2011,
compared with a net loss of $19.56 million in 2010.  The Company's
balance sheet at March 31, 2013, showed $20.53 million in total
assets, $13.31 million in total liabilities and $7.22 million in
total stockholders' equity.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, Berman & Company,
P.A., in Boca Raton, Florida, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has a net loss of
$23,280,950 and net cash used in operations of $5,801,761 for the
year ended Dec. 31, 2011; and has a working capital deficit of
$13,693,267, and a stockholders' deficit of $12,971,212 at
Dec. 31, 2011.


NAMCO LLC: Plan of Reorganization Became Effective August 16
------------------------------------------------------------
NAMCO, LLC's First Amended Chapter 11 Plan of Reorganization, as
amended, became effective on Aug. 16, 2013.  The Bankruptcy Court
confirmed the Plan on Aug. 1, 2013.

As reported in the July 16, 2013, edition of the Troubled Company
Reporter, the Plan provides for the reorganization of the
Debtor's capital structure with all of the Debtor's issued and
outstanding equity interests being cancelled and new units of the
Debtor being issued to the plan sponsors who, together with
"exit" lenders will finance the Company's anticipated working
capital needs.

Fee applications must be filed and served on or before Oct. 15,
2013.

All holders of administrative claims must submit requests for
payment on or before Oct. 15, 2013.

All governmental units holding claims against the Debtor are
required to file proofs of claim by Sept. 20, 2013, at 5:00 p.m.

Claims arising out of the rejection of an executory contract or
unexpired lease must be filed with the Court or Epiq by Sept. 12,
2013.

                             About Namco

Manchester, Connecticut-based Namco, LLC, is a 37-store retailer
of swimming pools and accessories owned 50-50 by Garmark Partners
II LLC and J.H. Whitney & Co.  It filed a petition for Chapter 11
protection (Bankr. D. Del. Case No. 13-10610) on March 24, 2013,
in Wilmington.  Judge Peter J. Walsh presides over the case.

Anthony M. Saccullo, Esq., at A.M. Saccullo Legal, LLC, and Thomas
H. Kovach, Esq., at Thorp Reed & Armstrong, LLP, serve as the
Debtor's counsel.  Olshan Frome & Wolosky, LLP, is the Debtor's
general bankruptcy counsel.  Epiq Bankruptcy Solutions, LLC, is
the Debtor's claims and noticing agent.  Clear Thinking Group,
LLC, serves as the Debtor's restructuring agent.

The Debtor disclosed $32,372,123 in assets and $53,908,778 in
liabilities as of the Chapter 11 filing.  The Petition was signed
by Lee Diercks, chief restructuring officer.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
members to the Official Committee of Unsecured Creditors.

The reorganization of the Debtor is being financed with a
$16 million loan provided by Salus Capital Partners LLC, owed
$9.3 million on a prepetition revolving credit.


NATIVE WHOLESALE: Bankr. Ct. Vacates Conditional Dismissal Ruling
-----------------------------------------------------------------
The Hon. Carl L. Bucki vacated an oral ruling a New York
bankruptcy court made on Sept. 26, 2012 conditionally allowing
Native Wholesale Supply Company to dismiss its bankruptcy
proceedings -- without prejudice to the Debtor's right to bring a
renewed motion for dismissal on appropriate notice.

The Motion to Vacate was brought by the states of California,
Idaho, New Mexico, New York, and Oklahoma -- asserting that it
would be inappropriate to dismiss the case at this stage of the
proceedings because if it does not remain in Chapter 11, only
conversion is in the best interest of the creditors and the
estate.

As previously reported by the Troubled Company Reporter, the
Bankrutpcy Court issued the oral ruling on Sept. 27, 2012 which
essentially allows the Debtor to dismiss its Chapter 11 proceeding
on the satisfaction of certain conditions -- mainly the
securitization of the State of California's potential
administrative claim.  Counsel to the States, Hodgson Russ LLP
said that despite that oral ruling, the Debtor still has not
completed the necessary steps to effectuate a case dismissal.

            About Native Wholesale Supply Company

Native Wholesale Supply Company is engaged in the business of
importing cigarettes and other tobacco products from Canada and
selling them to third parties within the United States.  It
purchases the products from Grand River Enterprises Six Nations,
Ltd., a Canadian corporation and the Debtor's only secured
creditor.  Native is an entity organized under the Sac and Fox
Nation and has its principal place of business at 10955 Logan Road
in Perrysburg, New York.

Native filed for Chapter 11 bankruptcy (Bankr. W.D.N.Y. Case No.
11-14009) on Nov. 21, 2011.  The Chapter 11 filing was triggered
to resolve an ongoing dispute with the United States government
regarding up to $43 million in assessments made by the government
against the Debtor pursuant to the Fair and Equitable Tobacco
Reform Act of 2004 and the Tobacco Transition Payment Program and
to restructure the terms of payment of any obligation determined
to be owing by the Debtor to the U.S. under the Disputed
Assessment.  The issues pertaining to the Disputed Assessment
resulted in two lawsuits, subsequently consolidated, now pending
in the Federal District Court.

Robert J. Feldman, Esq., and Janet G. Burhyte, Esq., at Gross,
Shuman, Brizdle & Gilfillan, P.C., in Buffalo, N.Y., represent the
Debtor as counsel.

The Company disclosed $30,022,315 in assets and $70,590,564 in
liabilities as of the Chapter 11 filing.

The States of California, New Mexico, Oklahoma and Idaho have
appeared in the case and are represented by Garry M. Graber, Esq.,
and Craig T. Lutterbein, Esq., at Hodgson Russ LLP, in Buffalo,
New York, and Karen Cordry, Esq., National Association of
Attorneys General, in Washington, D.C.

No trustee, examiner or creditors' committee has been appointed in
the case.


NATIVE WHOLESALE: 5 States Seek Conversion or Dismissal
-------------------------------------------------------
The States of California, Idaho, New Mexico, New York, and
Oklahoma ask the U.S. Bankruptcy Court for the Western District of
New York to:

   1. grant their motion to convert or dismiss the Chapter 11
      case of Native Wholesale Supply Company;

   2. grant the U.S. Trustee's motion to the extent that it seeks
      to convert the Debtor's bankruptcy case; or

   3. in the alternative to conversion, require the Debtor to
      continue through the Chapter 11 plan process in an expedient
      manner and reset the dates for preparation of a plan and
      disclosure statement if the Debtor believes it can repay
      all of its creditors, and not just a single favored entity.

On Aug. 16, 2013, the Debtor requested that the Court deny the
U.S. Trustee's motion and adjourn the States' motion to a date
after Sept. 13, 2013.

As reported on The Troubled Company Reporter, Tracy Hope Davis,
the U.S. Trustee for Region 2, the U.S. Trustee for Region 2,
argued that the Debtor (1) has an inability to perform the
statutory duties of a debtor-in-possession and to comply with the
requirements of the Chapter 11 Operating Guidelines; and (2) has
failed to file monthly financial reports for February and March
2013.

The Aug. 6 edition of the TCR also reported that the states of
California, Idaho, New Mexico, New York and Oklahoma filed a
statement in partial support of the U.S. Trustee's motion.  The
States assert that it would be inappropriate to dismiss the case
at this stage of the proceedings; rather, if the case does not
remain in Chapter 11, only conversion is in the best interest of
creditors and the estate.

            About Native Wholesale Supply Company

Native Wholesale Supply Company is engaged in the business of
importing cigarettes and other tobacco products from Canada and
selling them to third parties within the United States.  It
purchases the products from Grand River Enterprises Six Nations,
Ltd., a Canadian corporation and the Debtor's only secured
creditor.  Native is an entity organized under the Sac and Fox
Nation and has its principal place of business at 10955 Logan Road
in Perrysburg, New York.

Native filed for Chapter 11 bankruptcy (Bankr. W.D.N.Y. Case No.
11-14009) on Nov. 21, 2011.  The Chapter 11 filing was triggered
to resolve an ongoing dispute with the United States government
regarding up to $43 million in assessments made by the government
against the Debtor pursuant to the Fair and Equitable Tobacco
Reform Act of 2004 and the Tobacco Transition Payment Program and
to restructure the terms of payment of any obligation determined
to be owing by the Debtor to the U.S. under the Disputed
Assessment.  The issues pertaining to the Disputed Assessment
resulted in two lawsuits, subsequently consolidated, now pending
in the Federal District Court.

Robert J. Feldman, Esq., and Janet G. Burhyte, Esq., at Gross,
Shuman, Brizdle & Gilfillan, P.C., in Buffalo, N.Y., represent the
Debtor as counsel.

The Company disclosed $30,022,315 in assets and $70,590,564 in
liabilities as of the Chapter 11 filing.

The States of California, New Mexico, Oklahoma and Idaho have
appeared in the case and are represented by Garry M. Graber, Esq.,
at Hodgson Russ LLP.

No trustee, examiner or creditors' committee has been appointed in
the case.


NAVISTAR INTERNATIONAL: No Longer Holds Shares of Core Molding
--------------------------------------------------------------
Navistar Inc. and Navistar International Corporation disclosed in
a regulatory filing with the U.S. Securities and Exchange
Commission that as of Aug. 16, 2013, they do not beneficially own
shares of common stock of Core Molding Technologies, Inc.

In a series of open market sales that took place on Aug. 16, 2013,
the Reporting Persons sold 664,000 shares of common stock,
representing all of the common stock held by them, for $8.50 per
share, or $5,590,880 in the aggregate, excluding sales commissions
and other costs.

A copy of the regulatory filing is available for free at:

                        http://is.gd/lEV3wQ

                   About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.Navistar.com/-- is a holding company whose
subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar incurred a net loss attributable to the Company of $3.01
billion for the year ended Oct. 31, 2012, compared with net income
attributable to the Company of $1.72 billion during the prior
year.  As of April 30, 2013, the Company had $8.72 billion in
total assets, $12.36 billion in total liabilities and a $3.64
billion total stockholders' deficit.

                          *     *     *

In the Aug. 3, 2012, edition of the TCR, Moody's Investors Service
lowered Navistar International Corporation's Corporate Family
Rating (CFR), Probability of Default Rating (PDR), and senior note
rating to B2 from B1.  The downgrade of Navistar's ratings
reflects the significant challenges the company will face during
the next eighteen months in re-establishing the profitability and
competitiveness of its US and Canadian truck operations in light
of the failure to achieve EPA certification of its EGR emissions
technology, the significant reductions in military revenues and
substantially higher engine warranty reserves.

As reported by the TCR on June 19, 2013, Standard & Poor's Ratings
Services said it lowered its long-term corporate credit rating on
Illinois-based truckmaker Navistar International Corp. (NAV) to
'B-' from 'B'.  The rating downgrades reflect S&P's negative
reassessment of NAV's business risk profile to "vulnerable" from
"weak".

As reported by the TCR on Jan. 24, 2013, Fitch Ratings has
affirmed the Issuer Default Ratings (IDR) for Navistar
International Corporation and Navistar Financial Corporation at
'CCC' and removed the Negative Outlook on the ratings.  The
removal reflects Fitch's view that immediate concerns about
liquidity have lessened, although liquidity remains an important
rating consideration as NAV implements its selective catalytic
reduction (SCR) engine strategy. Other rating concerns are already
incorporated in the 'CCC' rating.


NORSE ENERGY: Gets Lackluster Bids for Drilling Rights
------------------------------------------------------
Law360 reported that bids for drilling rights in central New York
fell short of Norse Energy Corp. ASA's expectations, the Norwegian
oil and gas producer said, leaving its bankrupt U.S. subsidiary to
mull how best to pay back a $3.8 million loan.

The report related that Norse Energy Corp. USA wanted to sell off
enough of its 1,400 land-based assets to pay off a $3.8 million
post-petition loan from Norwegian firm Start Up 271 AS and other
claims in its bankruptcy proceeding, according to court documents.

                       About Norse Energy

Norse Energy Corp. ASA's U.S. subsidiary holding company, Norse
Energy Holdings, Inc., filed a voluntary petition for Chapter 11
bankruptcy protection (Bankr. W.D.N.Y. Case No. 12-13695) on Dec.
7, 2012, estimating less than $50,000 in assets and less than
$100,000 in liabilities.  The Debtor is represented by Janet G.
Burhyte, Esq., at Gross, Shuman, Brizdle & Gilfillan, P.C., in
Buffalo, New York.  Judge Carl L. Bucki presides over the case.

The Company has a significant land position of 130,000 net acres
in New York State with certified 2C contingent resources of 951
MMBOE as of June 30, 2012.


NORTEL NETWORKS: International Court Clash Over $7.5B Cash Delayed
------------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
the trial in the international fight over $7.5 billion raised in
the liquidation of Nortel Networks Inc. won't start until at least
the end of March 2014, court papers say.

                       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
business in more than 150 countries around the world.  Nortel
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced a proceeding with the Ontario Superior Court of Justice
under the Companies' Creditors Arrangement Act (Canada) seeking
relief from their creditors.  Ernst & Young was appointed to serve
as monitor and foreign representative of the Canadian Nortel
Group.  That same day, the Monitor sought recognition of the CCAA
Proceedings in U.S. Bankruptcy Court (Bankr. D. Del. Case No.
09-10164) under Chapter 15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., at Cleary Gottlieb
Steen & Hamilton, LLP, in New York, serves as the U.S. Debtors'
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The United States Trustee appointed an Official Committee of
Unsecured Creditors in respect of the U.S. Debtors.  An ad hoc
group of bondholders also was organized.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, and Christopher M. Samis, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware, represent the Official
Committee of Unsecured Creditors.

An Official Committee of Retired Employees and the Official
Committee of Long-Term Disability Participants tapped Alvarez &
Marsal Healthcare Industry Group as financial advisor.  The
Retiree Committee is represented by McCarter & English LLP as
Delaware counsel, and Togut Segal & Segal serves as the Retiree
Committee.  The Committee retained Alvarez & Marsal Healthcare
Industry Group as financial advisor, and Kurtzman Carson
Consultants LLC as its communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

Judge Gross and the court in Canada scheduled trials in 2014 on
how to divide proceeds among creditors in the U.S., Canada, and
Europe.


NORTHERN BEEF PACKERS: U.S. Trustee Seeks Chapter 7 Conversion
--------------------------------------------------------------
The Associated Press reports that Assistant U.S. trustee James
Snyder is asking a Bankruptcy Judge to convert the Chapter 11 case
of Northern Beef Packers to a Chapter 7 liquidation, saying
Northern Beef Packers is "administratively insolvent" based on
company reports and statements.  According to Mr. Snyder, it
appears the company's beef processing plant in South Dakota
represents the only asset by which the Debtor may generate funds
to pay creditors.

The AP relates Northern Beef had been trying to obtain post-
petition financing so it could proceed with hiring an investment
banking firm to pursue a sale of the plant.  The report notes Mr.
Snyder said Northern Beef withdrew its financing plan and has not
filed a replacement motion.  The change from Chapter 11 protection
is necessary to protect the interests of creditors and the estate
and to prevent further delay and default, he said.

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for
Chapter 11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19,
2013.  Karl Wagner signed the petition as chief financial officer.
Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least
$10 million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C., serves at the Debtor's counsel.  Cozen O'Connor serves as
co-counsel.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.


OMTRON USA: Committee Wants Conversion Only After Closing of Sale
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Omtron USA, LLC, joined the Bankruptcy Administrator in
seeking conversion of the Debtor's case to one under Chapter 7 of
the Bankruptcy Code, or in the alternative, appoint a Chapter 11
trustee; and (ii) Benton Claimants' response in support of
Bankruptcy Administrator's motion to convert case.

The Committee supports conversion of the case, provided, however,
that the conversion does not take place until after the sales of
the Debtor's assets have closed.

The Committee is represented by:

         William B. Sullivan, Esq.
         WOMBLE CARLYLE SANDRIDGE & RICE, LLP
         One West Fourth Street
         Winston-Salem, NC 27101
         Tel: (336) 721-3694
         Fax: (336) 726-9026

              - and -

         Jeffrey D. Prol, Esq.
         Cassandra M. Porter, Esq.
         LOWENSTEIN SANDLER LLP
         65 Livingston Avenue
         Roseland, NJ 07068
         Tel: (973) 597-2500
         Fax: (973) 597-2400

As reported in the Troubled Company Reporter on Aug. 21, 2013,
U.S. Bankruptcy Administrator William P. Miller asked the Court to
convert the case to a case under Chapter 7 or appoint a Chapter 11
trustee, citing "substantial or continuing loss to or diminution
of the estate and the absence of a reasonable likelihood of
rehabilitation."

Mr. Miller said the Debtor ceased operations prepetition and has
sold substantially all of its property, so that upon closing of
all approved sales, its assets consist of cash and causes of
action.  As the Debtor is not operating, it has consistently
reported and estimated a negative cash flow.  Furthermore, the
Debtor has incurred large administrative expenses, with
substantial fee requests unfiled but expected for the second
quarter of 2013.  As of March 31, 2013, these fees and expenses
totaled $902,936.76 and it was projected that these fees might
total $1,790,127.50.

                       About Omtron USA

Omtron USA bought poultry producer Townsends Inc. out of
bankruptcy in 2011, shut down operations in later that year,
and filed its own Chapter 11 petition (Bankr. D. Del. Case No.
12-13076) on Nov. 9, 2012, in Delaware.  On Dec. 21, 2012, the
Delaware Court entered its order granting the transfer of the
Debtor's case to U.S. Bankruptcy Court for the Middle District of
North Carolina, under Case No. 12-81931.

John H. Strock, III, Esq., at Fox Rothschild LLP, in Wilmington,
Delaware, serves as counsel to the Debtor.  Duff & Phelps
Securities LLC serves as investment banker, Upshot Services LLC as
its claims and noticing agent.  The Debtor listed $40,633,406 in
assets and $4,518,756 and liabilities.

Omtron paid $24.9 million in February 2011 for the North Carolina
operations belonging to Townsends Inc.

The three-member Official Committee of Unsecured Creditors tapped
to retain Lowenstein Sandler LLP and Womble Carlyle Sandridge &
Rice, LLP, as its counsel and CohnReznick, LLP, as its financial
advisor.


OTELCO INC: Stockholders Elect Seven Directors
----------------------------------------------
Otelco Inc. held its 2013 annual meeting of stockholders on
Aug. 13, 2013, at which holders of the Company's Class A common
stock elected the following as directors for a term to expire at
the Company's 2014 annual meeting of stockholders:

   (1) Norman C. Frost;
   (2) Howard J. Haug;
   (3) Stephen P. McCall;
   (4) Andrew Meyers;
   (5) Brian A. Ross;
   (6) Gary L. Sugarman; and
   (7) Michael D. Weaver.

The holders of the Company's Class A common stock ratified the
appointment of BDO USA, LLP, as the Company's independent
registered public accounting firm for the fiscal year ending
Dec. 31, 2013.  The holders approved the Otelco Inc. 2013 Stock
Incentive Plan and approved, on an advisory basis, the
compensation of the Company's named executive officers.

A copy of the Form 8-K is available for free at:

                       http://is.gd/bmrfgv

                         About Otelco Inc.

Oneonta, Alabama-based Otelco Inc. operates eleven rural local
exchange carriers ("RLECs") serving subscribers in north central
Alabama, central Maine, western Massachusetts, central Missouri,
western Vermont and southern West Virginia.

On March 24, 2013, the Company and each of its direct and indirect
subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-
10593) in order to effectuate their prepackaged Chapter 11 plan of
reorganization -- a plan that already has been accepted by 100% of
the Company's senior lenders, as well as holders of over 96% in
dollar amount of Otelco's senior subordinated notes who cast
ballots.  Otelco's restructuring plan will strengthen the Company
by deleveraging its balance sheet and reducing its overall
indebtedness by approximately $135 million.

The Company's restructuring counsel is Willkie Farr & Gallagher
LLP and its financial advisor is Evercore Partners.  The
restructuring counsel for the administrative agent for the senior
lenders is King & Spalding LLP and its financial advisor is FTI
Consulting.

Otelco on May 24 disclosed that it has emerged from bankruptcy and
completed its balance sheet restructuring process, including an
extension of its senior credit facility.  The Court confirmed the
Plan on May 6.


OVERSEAS SHIPHOLDING: May Owe $460 Million or More to IRS
---------------------------------------------------------
Joseph Checkler, writing The Wall Street Journal, reported that
Overseas Shipholding Group Inc. on Aug. 26 said it may owe $460
million or more to the Internal Revenue Service , a finding that
is likely to upset its Chapter 11 bankruptcy case.

According to the report, revised financial statements filed with
the Securities and Exchange Commission said the shipping company's
analysis and conversations with the IRS have led it to believe
that the "actual amount of the tax" it will ultimately have to pay
"will be significant and could be as high as $460,000,000 or
potentially higher."

The company intends to assert its available defenses "vigorously,"
according to the SEC filing, the report related.  However, the
filing may be bad news for bank lenders owed $1.5 billion and
investors in the company's debt, who are counting on Overseas
Shipholding beating down a $463 million claim the IRS filed in its
Chapter 11 case.

Overseas Shipholding filed for bankruptcy protection last year,
not long after telling the market that some three years of its
financial reports were potentially untrustworthy. Recently, it
said in bankruptcy court filings that the trouble dated back to
2000, much longer than it had indicated last year.

The SEC filing said most of the problem was rooted in the
company's treatment of its foreign subsidiaries, which own vessels
that transport crude oil and petroleum products around the world.

                   About Overseas Shipholding

Overseas Shipholding Group, Inc., headquartered in New York, is
one of the largest publicly traded tanker companies in the world,
engaged primarily in the ocean transportation of crude oil and
petroleum products.  OSG owns or operates 111 vessels that
transport oil and petroleum products throughout the world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.


OVERSEAS SHIPHOLDING: Files Form B26 Periodic Report
----------------------------------------------------
Overseas Shipholding Group, Inc., and certain of its subsidiaries
on Aug. 15, 2013, filed their Form B26, Periodic Report Regarding
Value, Operations and Profitability of Entities in which One or
More of the Debtors' Estates Holds a Substantial or Controlling
Interest as of Aug. 15, 2013, with the Bankruptcy Court.  The Form
B26 is available for free at http://is.gd/bICYqX

                     About Overseas Shipholding

Overseas Shipholding Group, Inc., headquartered in New York, is
one of the largest publicly traded tanker companies in the world,
engaged primarily in the ocean transportation of crude oil and
petroleum products.  OSG owns or operates 111 vessels that
transport oil and petroleum products throughout the world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.


PATRIOT COAL: AFGE National President & UMWA President Arrested
---------------------------------------------------------------
AFGE National President J. David Cox Sr. was arrested on Aug. 27
in St. Louis, Mo. as he stood in solidarity with members of the
United Mine Workers of America in their fight to protect the
pensions and health care benefits of retirees of the Peabody
Energy Corp. and its Patriot Coal Corp. spin-off company.

"I am proud to stand with these brave workers who for years put
their lives on the line while Peabody padded its own bottom line,"
said Mr. Cox, who was arrested along with UMWA International
President Cecil Roberts.  "The workers earned, and were promised,
a fair pension and health care benefits.  Reneging on these
promises is nothing more than corporate theft, and although nobody
likes getting arrested, this situation calls out for civil
disobedience. Our brothers in the UMW earned their retirement
benefits, and I could not stand by while Peabody attempts to
deprive them of what belongs to them."

Peabody Energy launched Patriot Coal in 2007 as a spin-off
company.  Patriot Coal ultimately filed for Chapter 11 bankruptcy
in 2012, claiming annual employee obligations as a source of
financial distress.

The American Federation of Government Employees (AFGE) is the
largest federal employee union, representing 670,000 workers in
the federal government and the government of the District of
Columbia.

                        About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin.  The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012.  Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP serves as lead restructuring counsel.
Bryan Cave LLP serves as local counsel to the Debtors.  Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization.  Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO.  GCG, Inc. serves as claims and noticing
agent.

The U.S. Trustee appointed a seven-member creditors committee.
Kramer Levin Naftalis & Frankel LLP serves as its counsel.
HoulihanLokey Capital, Inc., serves as its financial advisor and
investment banker.  Epiq Bankruptcy Solutions, LLC, serves as its
information agent.

On Nov. 27, 2012, the New York bankruptcy judge moved Patriot's
bankruptcy case to St. Louis.  The order formally sending the
reorganization to Missouri was signed December 19 by the
bankruptcy judge.  The New York Judge in a Jan. 23, 2013 order
denied motions to transfer the venue to the U.S. Bankruptcy Court
for the Southern District of West Virginia.


PATRIOT COAL: Equity Out of the Money, Article Says
---------------------------------------------------
An article at Seeking Alpha -- http://is.gd/MINBHW-- says
shareholders of Patriot Coal Corporation have a zero percent
chance of retaining any equity ownership, if and when the company
emerges from Chapter 11 proceedings.

"All of the facts support an imminent scenario that will see
current common interests being wiped away, on or before October
31, 2013," the article says.

"Given the dire state of Patriot's operation . . . we see no
chance that a funding party will come to the rescue of common
shareholders. On the contrary, potential funders would likely
require that current equity interests be cancelled so that new
shares can be issued to them."

                        About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin. The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012. Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP serves as lead restructuring counsel.
Bryan Cave LLP serves as local counsel to the Debtors. Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization. Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO. GCG, Inc. serves as claims and noticing
agent.

The U.S. Trustee appointed a seven-member creditors committee.
Kramer Levin Naftalis & Frankel LLP serves as its counsel.
HoulihanLokey Capital, Inc., serves as its financial advisor and
investment banker. Epiq Bankruptcy Solutions, LLC, serves as its
information agent.

On Nov. 27, 2012, the New York bankruptcy judge moved Patriot's
bankruptcy case to St. Louis. The order formally sending the
reorganization to Missouri was signed December 19 by the
bankruptcy judge. The New York Judge in a Jan. 23, 2013 order
denied motions to transfer the venue to the U.S. Bankruptcy Court
for the Southern District of West Virginia.


PEABODY ENERGY: S&P Cuts Corp. Credit Rating to 'BB'
----------------------------------------------------
Standard & Poor's Ratings Services said it lowered its ratings,
including the corporate credit rating, on St. Louis, Mo.-based
Peabody Energy Corp to 'BB' from 'BB+'.  The outlook is stable.
The recovery rating is '3'.

The downgrade reflects S&P's view that coal market conditions will
remain difficult for Peabody over the next year or two.  The
company continues to face low domestic thermal coal prices as
utilities continue to work off still-high inventories.  Although
coal demand is beginning to rise, relatively low natural gas
prices continue to pressure coal demand and pricing.  The
company's international businesses are also facing challenges.
Global oversupply has caused seaborne thermal coal prices to drop,
and metallurgical (met) coal prices have fallen significantly in
the wake of lower demand in Europe, slowing economic activity in
China, and a lack of operating disruptions, particularly in
Australia, where floods in 2011 caused prices to temporarily
spike.

"The stable outlook reflects our view that the company's ability
to adjust its operations and spending to generate positive cash
flow even in down markets will support a credit profile consistent
with the 'BB' rating.  We expect Peabody's measures to be weak,
but to improve gradually during the next couple of years as we
expect that markets will slowly improve and Peabody will manage
its balance sheet to conserve its liquidity and improve its credit
measures," said Standard & Poor's credit analyst Marie Shmaruk.

For the rating, S&P expects the company to have debt to EBITDA
between 5x and 6x and FFO to total debt of about 15% and to
generate free discretionary cash flow, which under S&P's current
assumptions, it should achieve in 2014.  In the longer term, S&P
expects the company to benefit from better pricing on its domestic
production as inventories are reduced and over time from improved
pricing on its Australian seaborne met and steam coal.

S&P could lower the rating if market conditions continue to
deteriorate and it expects them to remain weak for a prolonged
period, causing the company to cut production and realize lower
margins than it currently expects on the volumes it sells.
Specifically, S&P would consider a negative rating action if debt
to EBITDA stays more than 6x and FFO to debt less than 15%, and it
do not anticipate improvements.

S&P could raise the rating if coal markets improve and Peabody
achieves and sustains FFO to total debt above 20% and debt to
EBITDA less than 4.5x through a combination of debt reduction and
solid earnings.


PRA HOLDINGS: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Raleigh, N.C.-based CRO PRA Holdings Inc.  The
outlook is stable.  S&P is withdrawing its existing 'B' corporate
credit rating on subsidiary PRA International, as the corporate
credit rating will now reside at the parent.

At the same time, S&P assigned the company's proposed $950 million
first-lien credit facility (consisting of a $125 million revolver
and $825 million term loan) its 'B' issue-level rating with a
recovery rating of '4', indicating S&P's expectation for average
(30%-50%) recovery in the event of payment default.  S&P also
assigned the company's proposed $375 million senior unsecured
notes its 'CCC+' issue-level rating and '6' recovery rating,
indicating its expectation for negligible (0%-10%) recovery in the
event of payment default.

"While leverage is meaningfully higher as a result of the
leveraged buyout and acquisition, we believe the business risk
profile is somewhat stronger pro forma the acquisition," said
Standard & Poor's credit analyst Shannan Murphy.  "In addition,
PRA has outperformed our operating expectations and the industry
as a whole over the past several quarters.  We believe that new
business wins will continue to support strong operating trends,
which is a key factor underlying our rating actions."

Standard & Poor's stable rating outlook reflects its expectation
that PRA will quickly integrate RPS' operations and achieve EBITDA
margins in the low- to mid-teens, which should allow the company
to generate very modest positive free cash flow.  While S&P
expects revenue growth and slight margin expansion to reduce
leverage over time, it expects leverage to remain above 5x for the
foreseeable future, which limits prospects for a higher rating.


PROVIDENT COMMUNITY: Incurs $1.4 Million Net Loss in 2nd Quarter
----------------------------------------------------------------
Provident Community Bancshares, Inc., reported a net loss to
common shareholders of $1.45 million on $1.81 million of net
interest income for the three months ended June 30, 2013, as
compared with net income to common shareholders of $24,000 on
$1.81 million of net interest income for the same period during
the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss to common shareholders of $1.91 million on $3.48 million of
net interest income, as compared with a net loss to common
shareholders of $178,000 on $3.76 million of net interest income
for the same period last year.

The Company's balance sheet at June 30, 2013, showed $344.04
million in total assets, $337.53 million in total liabilities and
$6.51 million in shareholders' equity.

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

                        http://is.gd/8jsGg2

                      About Provident Community

Rock Hill, South Carolina-based Provident Community Bancshares,
Inc., is the bank holding company for Provident Community Bank,
N.A.  Provident Community Bancshares has no material assets or
liabilities other than its investment in the Bank.  Provident
Community Bancshares' business activity primarily consists of
directing the activities of the Bank.

The Bank's operations are conducted through its main office in
Rock Hill, South Carolina and seven full-service banking centers,
all of which are located in the upstate area of South Carolina.
The Bank is regulated by the Office of the Comptroller of the
Currency, is a member of the Federal Home Loan Bank of Atlanta and
its deposits are insured up to applicable limits by the Federal
Deposit Insurance Corporation.  Provident Community Bancshares is
subject to regulation by the Federal Reserve Board.

Provident Community disclosed a net loss to common shareholders of
$598,000 in 2012, as compared with a net loss of $665,000 in 2011.

                           Consent Order

On Dec. 21, 2010, Provident Community Bank, N.A. entered into a
stipulation and consent to the issuance of a consent order with
the Office of the Comptroller of the Currency.

At Dec. 31, 2011, the Bank met each of the capital requirements
required by regulations, but was not in compliance with the
capital requirements imposed by the OCC in its Consent order.

The Bank is required by the consent order to maintain Tier 1
capital at least equal to 8% of adjusted total assets and total
capital of at least 12% of risk-weighted assets.  However, so long
as the Bank is subject to the enforcement action executed with the
OCC on Dec. 21, 2010, it will not be deemed to be well-capitalized
even if it maintains the minimum capital ratios to be well-
capitalized.  At Dec. 31, 2011, the Bank did not meet the higher
capital requirements required by the consent order and is
evaluating alternatives to increase capital.

"At December 31, 2012, the Bank met each of the capital
requirements required by regulations, but was not in compliance
with the capital requirements imposed by the OCC in its Consent
order."


QUALITY DISTRIBUTION: Apollo No Longer a Shareholder at Aug. 14
---------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Apollo Investment Fund III, L.P., and its
affiliates disclosed that as of Aug. 14, 2013, they do not
beneficially owned shares of common stock of Quality Distribution,
Inc.

The Apollo Funds entered into the Underwriting Agreement with the
Company, MidOcean Capital Investors, L.P., and the underwriters
with respect to the sale of shares of common stock by the Apollo
Funds and by MidOcean Capital Investors, L.P. Pursuant to the
Underwriting Agreement, the Apollo Funds agreed to sell an
aggregate of 4,191,995 shares of common stock and granted the
Underwriters an option to purchase up to 419,199 additional shares
of the Common Stock.  Closing of the sale, including the sale of
the shares subject to the option, occurred on Aug. 14, 2013.

Following the sale, neither the Apollo Funds nor any of the other
reporting persons hold any shares of common stock of the Company.

A copy of the regulatory filing is available for free at:

                        http://is.gd/WoXMmQ

                    About Quality Distribution

Quality Distribution, LLC, and its parent holding company, Quality
Distribution, Inc., are headquartered in Tampa, Florida.  The
company is a transporter of bulk liquid and dry bulk chemicals.
The company's 2010 revenues are approximately $686 million.
Apollo Management, L.P., owns roughly 30 percent of the common
stock of Quality Distribution, Inc.

Quality Distribution reported net income of $50.07 million for the
year ended Dec. 31, 2012, as compared with net income of $23.43
million in 2011.

As of June 30, 2013, the Company had $474.39 million in total
assets, $516.44 million in total liabilities and a $42.04 million
total shareholders' deficit.

                        Bankruptcy Warning

According to the Company's annual report for the period ended
Dec. 31, 2012, the Company had consolidated indebtedness and
capital lease obligations, including current maturities, of $418.8
million as of Dec. 31, 2012.  The Company must make regular
payments under the ABL Facility and its capital leases and semi-
annual interest payments under its 2018 Notes.

The Company's 2018 Notes issued in the quarter ended Dec. 31,
2010, carry high fixed rates of interest.  In addition, interest
on amounts borrowed under the Company's ABL Facility is variable
and will increase as market rates of interest increase.  The
Company does not presently hedge against the risk of rising
interest rates.  The Company's higher interest expense may reduce
its future profitability.  The Company's future higher interest
expense and future redemption obligations could have other
important consequences with respect to the Company's ability to
manage its business successfully, including the following:

   * it may make it more difficult for the Company to satisfy its
     obligations for its indebtedness, and any failure to comply
     with these obligations could result in an event of default;

   * it will reduce the availability of the Company's cash flow to
     fund working capital, capital expenditures and other business
     activities;

   * it increases the Company's vulnerability to adverse economic
     and industry conditions;

   * it limits the Company's flexibility in planning for, or
     reacting to, changes in the Company's business and the
     industry in which the Company operates;

   * it may make the Company more vulnerable to further downturns
     in its business or the economy; and

   * it limits the Company's ability to exploit business
     opportunities.

The ABL Facility matures August 2016.  However, the maturity date
of the ABL Facility may be accelerated if the Company defaults on
its obligations.

"If the maturity of the ABL Facility and/or such other debt is
accelerated, we may not have sufficient cash on hand to repay the
ABL Facility and/or such other debt or be able to refinance the
ABL Facility and/or such other debt on acceptable terms, or at
all.  The failure to repay or refinance the ABL Facility and/or
such other debt at maturity would have a material adverse effect
on our business and financial condition, would cause substantial
liquidity problems and may result in the bankruptcy of us and/or
our subsidiaries.  Any actual or potential bankruptcy or liquidity
crisis may materially harm our relationships with our customers,
suppliers and independent affiliates."

                           *    *     *

As reported in the TCR on June 28, 2013, Moody's Investors Service
upgraded Quality Distribution, LLC's Corporate Family Rating to B2
from B3 and Probability of Default Rating to B2-PD from B3-PD.

The upgrade of Quality's CFR to B2 was largely driven by the
expectation that credit metrics will improve over the next twelve
to eighteen months, through a combination of EBITDA growth and
debt paydowns, to levels consistent with the B2 rating level.  The
company is in the process of integrating the bolt-on acquisitions
made in its Energy Logistics business sector since 2011.


QUANTUM FUEL: Signs Sales Agreement with Ascendiant Capital
-----------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., entered into an
At The Market Offering Agreement with Ascendiant Capital Markets,
LLC (Sales Agent).  Pursuant to the Sales Agreement, the Company
may, from time to time, offer and sell shares of its common stock
through the Sales Agent.  Sales of Shares, if any, under the
program will depend on market conditions and other factors to be
determined by the Company, and will be made in "at the market
offerings" as defined in Rule 415 of the Securities Act of 1933,
as amended, including sales made directly on the NASDAQ Capital
Market, on any other existing trading market for the Shares or to
or through a market maker.

The Shares sold in the offering will be issued pursuant to the
Company's effective shelf registration statement on Form S-3
(Registration No. 333-176772) previously filed with the Securities
and Exchange Commission, in accordance with the provisions of the
Securities Act, as supplemented by a prospectus supplement dated
Aug. 19, 2013, for the sale of up to $6 million of Shares, which
the Company filed with the SEC pursuant to Rule 424(b)(5) under
the Securities Act.

The Sales Agent is not required to sell any specific number or
dollar amount of Shares but will use its commercially reasonable
efforts, as the Company's agent and subject to the terms of the
Sales Agreement, to sell the Shares offered, as instructed by the
Company.

The Sales Agreement provides that the Company will pay the Sales
Agent a fee of 3.0 percent of the gross sales price of any Shares
sold through the Sales Agent.  The Sales Agreement contains
customary representations, warranties and agreements of the
Company and the Sales Agent and customary conditions to completing
future sale transactions, indemnification rights and obligations
of the parties and termination provisions.

The Company intends to use the net proceeds from any sales of
Shares in the offering for general corporate purposes.  The
Company's management will have significant flexibility in applying
the net proceeds of this offering.

A copy of the Sales Agreement is available for free at:

                        http://is.gd/IK3RoY

                        About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel disclosed a net loss attributable to stockholders of
$30.91 million in 2012 and a net loss attributable to common
stockholders of $38.49 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $58.40 million in total assets,
$49.77 million in total liabilities and $8.62 million in total
stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company does not have sufficient existing sources of
liquidity to operate its business and service its debt obligations
for a period of at least twelve months.  These conditions, along
with the Company's working capital deficit and recurring operating
losses, raise substantial doubt about the Company's ability to
continue as a going concern.


RAHA LAKES: Confirmation Hearing Continued to Nov. 21
-----------------------------------------------------
The hearing for the confirmation of Raha Lakes Enterprises, LLC,
et al.'s First Amended Chapter 11 Plan has been continued to Nov.
21, 2013, at 11:00 a.m.

The U.S. Bankruptcy Court for the Central District of California
held at a hearing last Aug. 22 that an evidentiary hearing is
required to address issues like proper interest rate, financial
projections and amount owing to the Debtor's secured creditor, San
Pedro Investments, LLC.  According, a final evidentiary hearing
will be held on Oct. 16, 2013 at 10:00 a.m.

Some of the remaining issues were brought by San Pedro in court
papers opposing confirmation of the Plan.  San Pedro asserted that
the Plan, among other things, does not provide adequate means for
its implementation; does not comply with the good faith
requirement; and does not comply with the best interest of
creditors test.  San Pedro stated that as of July 31, 2013, it is
owed $9,583,156 by the Debtors.

In response, the Debtors argued that San Pedro does not have
standing to object to plan confirmation because it has never
provided any evidence that it is in fact "assignee" of Wilshire
State Bank.

The First Amended Plan contemplates the reorganization of the
Debtors' business operations to enable it to make orderly
distributions to creditors within two years.  Plan payments will
be made from these sources and in the following order of priority
based on available capital:  (1) the operation of the Debtors'
real property at 900 South San Pedro Street, Los Angeles, in the
South-East corner of 9th Street and San Pedro Street, in the
Garment District in Downtown Los Angeles, (2) the refinance or
sale of the Property on or before the maturity of loan obligations
to secured creditor, San Pedro Investments LLC, (3) contributions
from the Debtors' principal owner, Kayhan Shakib, the exact amount
of which will be determined by necessity, and (4) about $383,071
of "new value" contributions from Shakib.  The "new value" capital
contribution will be in full satisfaction of San Pedro's non-
defualt claims for interest, fees and costs.

                         About Raha Lakes

Raha Lakes Enterprises, LLC, filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 12-43422) on Oct. 3, 2012, in Los Angeles.
Raha Lakes, a single-asset real estate company, estimated assets
of at least $10 million and debt of at least $1 million.  The
company's principal asset is at 900 South San Pedro Street in Los
Angeles.  Raha Lakes disclosed $26,107,381 in assets and
$9,106,898 in liabilities as of the Chapter 11 filing.  The
petition was signed by Kayhan Shakib, managing member.

Mehr in Los Angeles Enterprises, LLC, filed a bare-bones Chapter
11 petition (Bankr. C.D. Cal. Case No. 12-43589) on Oct. 4,
2012, estimating assets of at least $10 million and liabilities of
at least $1 million.  The petition was signed by Yadollah Shakib,
managing member.

Judge Ernest M. Robles presides over the cases.  The Debtors are
represented by Michael S. Kogan, Esq., at Kogan Law Firm APC.

John Choi, Esq., at Kim Park Choi, in Los Angeles, represents
secured creditor San Pedro Investment, LLC, as counsel.


RANCHER ENERGY: Incurs $148,000 Net Loss in June 30 Quarter
-----------------------------------------------------------
Rancher Energy Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $148,299 on $0 of revenue for the three months ended June 30,
2013, as compared with a net loss of $79,217 on $0 of revenue for
the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $2.30 million
in total assets, $15,000 in total liabilities and $2.29 million in
total stockholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/QZ2kvn

                       About Rancher Energy

Denver, Colorado-based Rancher Energy Corp. (OTC BB: RNCHQ)
-- http://www.rancherenergy.com/-- is an independent energy
company that explores for and develops produces, and markets oil
and gas in North America.  Through March 2011, the Company
operated four oil fields in the Powder River Basin, Wyoming.

Effective March 1, 2011, the Company sold all of its oil and gas
properties, which has allowed it to eliminate the majority of its
debt and also provide financial resources during its continuing
reorganization.

The Company was formerly known as Metalex Resources, Inc., and
changed its name to Rancher Energy Corp. in 2006.  Rancher Energy
Corp. was incorporated in the State of Nevada on Feb. 4, 2004.

Rancher Energy filed for Chapter 11 bankruptcy protection (Bankr.
D. Colo. Case No. 09-32943) on Oct. 28, 2009.  In its petition,
the Company estimated assets and debts of between $10 million and
$50 million each.

The Debtor is represented by lawyers at Onsager, Staelin &
Guyerson, LLC.

The Company sold substantially all of its assets effective
March 1, 2011, to Linc Energy Petroleum (Wyoming), Inc. in
exchange for cash of $20 million plus other potential future
consideration up to $825,000, and subject to other adjustments.
The deal was approved Feb. 24, 2011.

As reported in the Troubled Company Reporter on March 25, 2011,
the Company delivered to the Bankruptcy Court a first amended
Chapter 11 plan of reorganization, and first amended disclosure
statement explaining that plan.

The Bankruptcy Court approved the Second Amended Plan of
Reorganization and accompanying Disclosure Statement of Rancher
Energy Corporation on Sept. 10, 2012.  The Plan became effective
on Oct. 10, 2012.

Rancher Energy disclosed a net loss of $214,631 on $0 of revenue
for the year ended March 31, 2013, as compared with a net loss of
$882,928 on $0 of revenue during the prior year.

Borgers & Cutler CPAs PLLC, in Arvada, Colorado, issued a "going
concern" qualification on the consolidated financial statements
for the year ended March 31, 2013.  On Oct. 28, 2009, the Company
filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy
Code.  Uncertainties inherent in the bankruptcy process, as well
as recurring losses from operations raise substantial doubt about
the Company's ability to continue as a going concern.


RESIDENTIAL CAPITAL: His Work Done, Examiner Asks to be Discharged
------------------------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that the author of Residential Capital LLC's mammoth examiner's
report is asking to be relieved from his duties.

According to the report, retired U.S. Bankruptcy Court Judge
Arthur J. Gonzalez, whose 2,200-plus page independent report
concluded that ResCap parent Ally Financial Inc. didn't set its
subsidiary up for failure as some creditors charged, said in an
Aug. 23 filing that his work is done.

The lingering deadline for Mr. Gonzalez's report was considered a
major factor in Ally's June settlement with creditors, which calls
for the company to pay $2.1 billion to settle those creditors'
claims, the report related.  Judge Martin Glenn allowed Mr.
Gonzalez's report -- one of the largest in the history of
bankruptcy -- to be filed with the court confidentially at first
as the sides finalized details on their settlement.

The report cost ResCap's estate more than $80 million in fees paid
to professionals, and said despite not setting up ResCap for
failure, Ally could have been on the hook for as much as $3
billion in creditor claims, the report said.  A $750 million offer
to creditors made at the beginning of ResCap's bankruptcy case
would have been too low, Mr. Gonzalez said, a conclusion shared by
the creditors who fought for more.

In his filing, Mr. Gonzalez said that aside from being relieved,
he wants the work done by himself and his hired professionals to
be kept confidential and for them to be immune from future
investigations regarding the report, the report further related.
He also said that to avoid "wasteful collateral litigation," he
and his professionals shouldn't be considered liable for anything
related to ResCap's Chapter 11.

                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Bankruptcy Creditors' Service, Inc., publishes RESIDENTIAL CAPITAL
BANKRUPTCY NEWS.  The newsletter tracks the Chapter 11 proceeding
undertaken by affiliates of Residential Capital LLC and its
affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


REVSTONE INDUSTRIES: Hearing Today on Adequacy of Plan Outline
--------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing today, Aug. 28, 2013,
at 9 a.m., to consider the adequacy of information in the
Disclosure Statements explaining the competing bankruptcy-exit
plans proposed by Revstone Industries, LLC, et al., and the
Official Committee of Unsecured Creditors.

The Debtors have lodged an objection to the Committee Plan,
stating that the Committee Plan is unconfirmable because, among
other things

   1. it does not contain adequate information on several issues;

   2. it does not pay allowed administrative claims as and when
      required under the Bankruptcy Code; and

   3. is not in the best interests of the estate in other
      respects.

                        The Committee Plan

According to the Disclosure Statement explaining the Committee's
Plan of Reorganization, the Plan dated July 8, 2013, provides for
the resolution of claim against Old Revstone and membership
interest in Old Revstone.  The Plan also addresses interest held
by Old Revstone in Debtors Greenwood and US Tool.

The Committee Plan contemplates the generation of cash for
distribution to creditors sourced primarily from (i) residual
interests of the Debtor's non-debtor subsidiaries resulting from
the current and future going concern sales processes and (ii)
recoveries from causes of action.

Under the Committee Plan, Reorganized Revstone will be owned by
the general unsecured creditors and be directed by a Plan
Administrator appointed by the new board of managers consisting of
former Creditors' Committee members or their designees.

A copy of the Disclosure Statement explaining the Committee Plan
is available for free at:

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

Mark L. Desgrosseilliers, Esq. -- mdegrsseilliers@wcsr.com --
represents the Committee.

In a separate filing, the Committee asked the Court to deny
approval of the Disclosure Statement explaining the Revstone Plan
because, among other things:

   1. the Revstone Plan is unconfirmable because it contains
      overly broad releases;

   2. the Revstone Plan impermissibly exculpates certain third
      parties; and

   3. the Revstone Plan violates the absolute priority rule.

                         The Revstone Plan

According to the Disclosure Statement explaining the Revstone Plan
of Reorganization dated July 22, 2013, the Revstone Plan
effectuates a reorganization of the Debtor.  Under the Plan, the
Debtor will be revested with all of its assets, including
interests in various non-debtor subsidiaries, and such assets
either will be liquidated or retained for the benefit of creditors
under the supervision of the chief restructuring officer.  It is
expected that the Debtor's principal secured creditor, Wells Fargo
Capital Finance, LLC, which asserts a lien upon the Debtor's
membership interests in Revstone Transportation, LLC and certain
other assets of non-Debtor affiliates, will be paid in full on or
before the Effective Date from the proceeds of the disposition of
certain assets of the direct and indirect subsidiaries of Revstone
Transportation, LLC.

Under the Plan, all holders of allowed administrative expenses and
allowed priority claims against the Debtor will be paid in full on
the Effective Date out of cash on hand.  Holders of allowed non-
priority general unsecured claims, including intercompany claims,
will receive their respective pro rata share of available net
proceeds of the Debtor's assets after the Effective Date.  All
membership interests in the Debtor, and any associated management
rights held by interest holders, will be suspended pending full
payment on account of all creditors' allowed claims.

The source of all distributions and payments under the Plan will
be the Distributable Assets and the proceeds thereof, including,
without limitation, the Debtor's Cash on hand and proceeds from
the sale or other disposition of the remaining property of the
Debtor and prosecution of Retained Rights of Action.

A copy of the Disclosure Statement explaining Revstone's Plan is
available for free at:

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

The Debtors' counsel can be reached at:

         Laura Davis Jones, Esq.
         David M. Bertenthal, Esq.
         Maxim B. Litvak, Esq.
         Timothy P. Cairns, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         919 Market Street, 17th Floor
         P.O. Box 8705
         Wilmington, DE 19899-8705
         Tel: (302) 652-4100
         Fax: (302) 652-4400

                 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.


REVSTONE INDUSTRIES: Balks at Boston Finance's Conversion Bid
-------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing today, Aug. 28, 2013,
at 9 a.m., to consider Boston Finance Group, LLC's motion to (i)
convert the Chapter 11 cases of Greenwood Forgings, LLC and US
Tool & Engineering, LLC to those under Chapter 7 of the Bankruptcy
Code.

The Debtors has opposed the motion stating that, among other
things:

   1. BFG's request has nothing to do with the best interests
      of creditors;

   2. BFG has not established an "absence of a reasonable
      likelihood of rehabilitation;" and

   3. BFG has not established a substantial or continuing loss.

BFG has argued that cause exists to convert the Greenwood and US
Tool cases to Chapter 7 based on a "substantial or continuing loss
to or diminution of the estate and the absence of a reasonable
likelihood of rehabilitation.

                 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.


RG STEEL: Esmark Delays Restart of Ohio Mill Operations
-------------------------------------------------------
Esmark Inc. on Aug. 27 announced management changes for its Esmark
Steel Group subsidiary to better serve its diverse customer base
and streamline service center and mill operations in Chicago and
Ohio, respectively.  As part of the management realignment, Esmark
Inc. Chairman and CEO James P. Bouchard will reassume CEO duties
of Esmark Steel Group.

Esmark Inc. Chairman and Chief Executive Officer James P. Bouchard
said the management restructuring and his renewed role as CEO of
Steel Group operations were a strategic response to the changing
needs of its OEM customer base and the current dynamics of the
steel marketplace.  "We believe our management teams at our
service centers in Illinois and cold-rolled mill operations in
Ohio need to be better aligned to serve our OEM customers with the
right mix of products and services at the right time," he said.
"As the steel industry continues to adapt to the current economic
environment we must respond in kind if we're going to remain
competitive."

Brian Bergmann, currently Vice President of Esmark Inc. and a
seasoned steel industry executive, has been named Vice President
and Chief Operating Officer for Esmark Steel Group.  In addition,
Daniel Martin, currently Controller for Esmark Steel Group, has
been named Vice President of Finance for Steel Group operations.

Mr. Bouchard said that Thomas Modrowski, formerly CEO of Esmark
Steel Group, has been named Chief Operating Officer of its Ohio
mill operations, which includes Ohio Cold Rolling Company in
Yorkville, Ohio.  John Krupinski, currently CFO of Esmark Steel
Group, assumes the same title for Ohio mill operations. Thomas
Mihelcic, Vice President of Purchasing for Esmark's recently
divested CSI Bars Division, has been named General Manager of
Commercial Sales for Ohio Mill operations.  Michael Ogrizovich and
Scott Sternheimer, currently President and Vice President of
Commercial, respectively, of Esmark Steel Group, will remain in
their capacities.  All management changes are effective
immediately.

Mr. Bouchard added that all Esmark Steel Group operations and the
company's trucking and transportation logistics operations will
now be based at Esmark Inc.'s new world headquarters in Sewickley,
Pennsylvania.

    Esmark Delays Decision on Ohio Mill Restart as it Reviews
                Inquiries and Offers for Assets

Mr. Bouchard said that the company has not made a decision on
whether to restart the Ohio mill operations in Yorkville due to a
number of inquiries and offers made for the assets.  "We've
received multiple inquiries about the mill assets and several
offers from potential suitors, so the evaluation process must be
completed before we make the decision to restart the mill, sell
the assets or explore other strategic options," he explained.

Esmark acquired the former RG Steel Yorkville cold-rolled
finishing mill in a bankruptcy court-supervised auction in
August 2012, as well as RG Steel's 50 percent interest in Ohio
Coatings Company's tin plate production facility.

             About Esmark Inc. and Esmark Steel Group

Esmark Inc. -- http://www.esmarksteelgroup.com-- is a
diversified, privately-held family company with a portfolio of
industrial companies with strong roots in the steel industry.
Over the years, Esmark has diversified its interests and
operations into a number of businesses engaged in the industrial
and commodity sectors.  Esmark (a former publicly traded company
on nasdaq:ESMK) has focused on several key industries including
steel services, oil and gas exploration, aviation, real estate,
business services, technology and youth sports development.
Esmark Steel Group, a wholly owned subsidiary of Esmark, Inc., is
one of the nation's largest value-added processors and
distributors of flat-rolled steel products and provides just-in-
time logistics and transportation services to a wide range of
customers and industries across the country.

                         About RG Steel

RG Steel LLC -- http://www.rg-steel.com/-- is the United States'
fourth-largest flat-rolled steel producer with annual steelmaking
capacity of 7.5 million tons.  It was formed in March 2011
following the purchase of three steel facilities located in
Sparrows Point, Maryland; Wheeling, West Virginia and Warren,
Ohio, from entities related to Severstal US Holdings LLC.  RG
Steel also owns finishing facilities in Yorkville and Martins
Ferry, Ohio.  It also owned Wheeling Corrugating Company and has a
50% ownership in Mountain State Carbon and Ohio Coatings Company.

RG Steel along with affiliates, including WP Steel Venture LLC,
sought bankruptcy protection (Bankr. D. Del. Lead Case No. 12-
11661) on May 31, 2012.  Bankruptcy was precipitated by liquidity
shortfall and a dispute with Mountain State Carbon, LLC, and a
Severstal affiliate, that restricted the shipment of coke used in
the steel production process.

The Debtors estimated assets and debts in excess of $1 billion.
As of the bankruptcy filing, the Debtors owe (i) $440 million,
including $16.9 million in outstanding letters of credit, to
senior lenders led by Wells Fargo Capital Finance, LLC, as
administrative agent, (ii) $218.7 million to junior lenders, led
by Cerberus Business Finance, LLC, as agent, (iii) $130.5 million
on account of a subordinated promissory note issued by majority
owner The Renco Group, Inc., and (iv) $100 million on a secured
promissory note issued by Severstal.

Judge Kevin J. Carey presides over the case.

The Debtors are represented in the case by Robert J. Dehney, Esq.,
and Erin R. Fay, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
and Matthew A. Feldman, Esq., Shaunna D. Jones, Esq., Weston T.
Eguchi, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors.  Conway MacKenzie, Inc., serves as the Debtors' financial
advisor and The Seaport Group serves as lead investment banker.
Donald MacKenzie of Conway MacKenzie, Inc., as CRO.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Wells Fargo Capital Finance LLC, as Administrative Agent, is
represented by Jonathan N. Helfat, Esq., and Daniel F. Fiorillo,
Esq., at Otterbourg, Steindler, Houston & Rosen, P.C.; and Laura
Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachuiski Stang
Ziehi & Jones LLP.

Renco Group is represented by lawyers at Cadwalader, Wickersham &
Taft LLP.

Kramer Levin Naftalis & Frankel LLP represents the Official
Committee of Unsecured Creditors.  Huron Consulting Services LLC
serves as the Committee's financial advisor.

The Debtor has sold off the principal plants.  The sale of the
Wheeling Corrugating division to Nucor Corp. brought in $7
million.  That plant in Sparrows Point, Maryland, fetched the
highest price, $72.5 million.  CJ Betters Enterprises Inc. paid
$16 million for the Ohio plant.


ROCKY MOUNTAIN: Involuntary Chapter 11 Case Summary
---------------------------------------------------
Alleged Debtor: Rocky Mountain Reinforcement, LLC
                8400 E. Prentice, Suite #750
                Greenwood Village, CO 80111

Case Number: 13-24490

Involuntary Chapter 11 Petition Date: August 23, 2013

Court: District of Colorado (Denver)

Judge: Elizabeth E. Brown

Rocky Mountain Reinforcement, LLC's petitioners:

Petitioner               Nature of Claim        Claim Amount
----------               ---------------        ------------
Michael Rosen
4875 S. Monoco
Denver, CO 80237

Steve Schulz
6300 S. Syracuse Way
Englewood, CO 80111

David Craig
19192 E. Hollow Creek
Parker, CO 80134


ROTECH HEALTHCARE: Bankruptcy-Exit Plan Has Creditors' Support
--------------------------------------------------------------
Stephanie Gleason, writing for DBR Small Cap, reported that Rotech
Healthcare Inc. is prepared to move forward with its bankruptcy-
exit plan during a hearing Thursday after creditors voted to
accept the proposal, a vote tabulation shows.

                       About Rotech Healthcare

Based in Orlando, Florida, Rotech Healthcare Inc. (NASDAQ: ROHI)
-- http://www.rotech.com/-- provides home medical equipment and
related products and services in the United States, with a
comprehensive offering of respiratory therapy and durable home
medical equipment and related services.  The company provides
equipment and services in 48 states through approximately 500
operating centers located primarily in non-urban markets.

The Company reported a net loss of $14.76 million in 2011, a net
loss of $4.20 million in 2010, and a net loss of $21.08 million
in 2009.

The Company's balance sheet at Sept. 30, 2012, showed
$255.76 million in total assets, $601.98 million in total
liabilities, and a $346.22 million total stockholders' deficiency.

On April 8, 2013, Rotech Healthcare and 114 subsidiary companies
filed petitions seeking relief under chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 13-10741) to implement a pre-
arranged plan negotiated with secured lenders.

Attorneys at Proskauer Rose LLP, and Young, Conaway, Stargatt &
Taylor serve as counsel to the Debtors; Foley & Lardner LLP is the
healthcare regulatory counsel; Akin Gump Strauss Hauer & Feld LLP
is the special healthcare regulatory counsel; Barclays Capital
Inc. is the financial advisor; Alix Partners, LLP is the
restructuring advisor; and Epiq Bankruptcy Solutions LLC is the
claims agent.

Prepetition term loan lender and DIP lender Silver Point Capital
and other consenting noteholders are represented by Wachtell,
Lipton, Rosen & Katz, and Richards Layton & Finger PA.

The U.S. Trustee at the end of April appointed an official
committee of equity holders.  Members include Alden Global
Recovery Master Fund LP, Varana Capital Master LP, Wynnefield
Partners Small Cap Value LP I, Bastogne Capital Partners, LP, and
Kenneth S. Grossman P.C. Pension Plan.  The Equity Panel is
represented by Bayard, P.A. as Delaware counsel.

The plan is supported by holders of a majority of the first- and
second-lien secured notes.  The $290 million in 10.5 percent
second-lien notes are to be exchanged for the new equity.  Trade
suppliers are to be paid in full, if they agree to continue
providing credit.  The existing $23.5 million term loan would be
paid in full, and the $230 million in 10.75 percent first-lien
notes will be amended.

The Official Committee of Unsecured Creditors tapped Otterbourg,
Steindler, Houston & Rosen, P.C., as counsel; Buchanan Ingersoll &
Rooney PC as Delaware counsel; and Grant Thornton LLP as financial
advisor.


ROTHSTEIN ROSENFELDT: Investor Says Law Firms Have No Dibs on Fees
------------------------------------------------------------------
Law360 reported that a Miami investor who recently settled with
the bankrupt law firm of Ponzi schemer Scott Rothstein asked a
Florida bankruptcy court to reject bids by Conrad & Scherer LLP
and Kozyak Tropin & Throckmorton PA to collect millions of dollars
in contingency fees through a charging lien.

According to the report, investor Ira Sochet, through his two
entities, Investors Risk Advantage LP and the Ira Sochet Inter
Vivos Revocable Trust, said the notice of attorneys' charging lien
that the two firms filed with the court is unenforceable.

                   About Rothstein Rosenfeldt

Scott Rothstein, co-founder of law firm Rothstein Rosenfeldt Adler
PA -- http://www.rra-law.com/-- was suspected of running a
$1.2 billion Ponzi scheme.  U.S. authorities claimed in a civil
forfeiture lawsuit filed Nov. 9, 2009, that Mr. Rothstein, the
firm's former chief executive officer, sold investments in non-
existent legal settlements.  Mr. Rothstein pleaded guilty to five
counts of conspiracy and wire fraud on Jan. 27, 2010.

Creditors of Rothstein Rosenfeldt Adler signed a petition sending
the Florida law firm to bankruptcy (Bankr. S.D. Fla. Case No.
09-34791).  The petitioners include Bonnie Barnett, who says she
lost $500,000 in legal settlement investments; Aran Development,
Inc., which said it lost $345,000 in investments; and trade
creditor Universal Legal, identified as a recruitment firm, which
said it is owed $7,800.  The creditors alleged being owed money
invested in lawsuit settlements.

Herbert M. Stettin, the state-court appointed receiver for
Rothstein Rosenfeldt, was officially carried over as the
Chapter 11 trustee in the involuntary bankruptcy case.

On June 10, 2010, Mr. Rothstein was sentenced to 50 years in
prison.

The official committee of unsecured creditors appointed in the
case is represented by Michael Goldberg, Esq., at Akerman
Senterfitt.

RRA won approval of an amended liquidating Chapter 11 plan
pursuant to the Court's July 17, 2013 confirmation order.  The
revised plan, filed in May, is centered around a $72.4 million
settlement payment from TD Bank NA.


ROTECH HEALTHCARE: Equity Holders Out Of The Money, Judge Says
--------------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge ruled that Rotech
Healthcare Inc. is not solvent enough to provide a recovery for
equity holders, leading the U.S. Trustee's Office to say it will
disband the equity committee and likely putting an end to months
of bitter battles in the case.

According to the report, at a hearing in Wilmington, U.S.
Bankruptcy Judge Peter J. Walsh granted a motion for summary
judgment from Rotech, which argued that the court could not find
the company as solvent because two reports had already valued the
company.

                       About Rotech Healthcare

Based in Orlando, Florida, Rotech Healthcare Inc. (NASDAQ: ROHI)
-- http://www.rotech.com/-- provides home medical equipment and
related products and services in the United States, with a
comprehensive offering of respiratory therapy and durable home
medical equipment and related services.  The company provides
equipment and services in 48 states through approximately 500
operating centers located primarily in non-urban markets.

The Company reported a net loss of $14.76 million in 2011, a net
loss of $4.20 million in 2010, and a net loss of $21.08 million
in 2009.

The Company's balance sheet at Sept. 30, 2012, showed
$255.76 million in total assets, $601.98 million in total
liabilities, and a $346.22 million total stockholders' deficiency.

On April 8, 2013, Rotech Healthcare and 114 subsidiary companies
filed petitions seeking relief under chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 13-10741) to implement a pre-
arranged plan negotiated with secured lenders.

Attorneys at Proskauer Rose LLP, and Young, Conaway, Stargatt &
Taylor serve as counsel to the Debtors; Foley & Lardner LLP is the
healthcare regulatory counsel; Akin Gump Strauss Hauer & Feld LLP
is the special healthcare regulatory counsel; Barclays Capital
Inc. is the financial advisor; Alix Partners, LLP is the
restructuring advisor; and Epiq Bankruptcy Solutions LLC is the
claims agent.

Prepetition term loan lender and DIP lender Silver Point Capital
and other consenting noteholders are represented by Wachtell,
Lipton, Rosen & Katz, and Richards Layton & Finger PA.

The U.S. Trustee at the end of April appointed an official
committee of equity holders.  Members include Alden Global
Recovery Master Fund LP, Varana Capital Master LP, Wynnefield
Partners Small Cap Value LP I, Bastogne Capital Partners, LP, and
Kenneth S. Grossman P.C. Pension Plan.  The Equity Panel is
represented by Bayard, P.A. as Delaware counsel.

The plan is supported by holders of a majority of the first- and
second-lien secured notes.  The $290 million in 10.5 percent
second-lien notes are to be exchanged for the new equity.  Trade
suppliers are to be paid in full, if they agree to continue
providing credit.  The existing $23.5 million term loan would be
paid in full, and the $230 million in 10.75 percent first-lien
notes will be amended.

The Official Committee of Unsecured Creditors tapped Otterbourg,
Steindler, Houston & Rosen, P.C., as counsel; Buchanan Ingersoll &
Rooney PC as Delaware counsel; and Grant Thornton LLP as financial
advisor.


RURAL/METRO CORP: Hirings of Advisors Approved
----------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Rural/Metro's motions to retain Donlin, Recano & Company as
administrative agent; Willkie Farr & Gallagher as bankruptcy co-
counsel, Young Conaway Stargatt & Taylor as bankruptcy co-counsel
and Alvarez & Marsal Healthcare Industry Group as financial
advisor.

Willkie Farr & Gallagher will be compensated at the following
hourly rates: attorney at $310 to $1,130 and paralegal at $125 to
$310; Young Conaway Stargatt & Taylor will receive the following
hourly rates: principal attorney at $285 to $585 and paralegal at
$160 and Alvarez & Marsal Healthcare Industry Group will bill the
following hourly rates: managing director at $650 to $850,
director at $450 to $650 and analyst, associate at $250 to $450.

                   About Rural/Metro Corporation

Headquartered in Scottsdale, Arizona, Rural/Metro Corporation --
http://www.ruralmetro.com-- is a national provider of 911-
emergency and non-emergency interfacility ambulance services and
private fire protection services, operating in 21 states and
nearly 700 communities.

Rural/Metro Corp. and 59 affiliates sought Chapter 11 protection
on Aug. 4, 2013, before the U.S. Bankruptcy Court for the District
of Delaware.

The Debtors' lead bankruptcy counsel are Matthew A. Feldman, Esq.,
Rachel C. Strickland, Esq., and Daniel Forman, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Maris J. Kandestin, Esq., and
Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP,
in Wilmington, Delaware, serve as the Debtors' local Delaware
counsel.

Alvarez & Marsal Healthcare Industry Group, LLC, and FTI
Consulting, Inc., are the Debtors' financial advisors, while
Lazard Freres & Co. L.L.C. is their investment banker.  Donlin,
Recano & Company, Inc., is the Debtors' claims and noticing agent.

The U.S. Trustee has appointed a three-member official committee
of unsecured creditors in the Chapter 11 case.


SAGE REALTY: Updated Case Summary & Creditors' Lists
----------------------------------------------------
Lead Debtor: Sage Realty Co., LLC
             762 Saber Ct
             Franklin Lakes, NJ 07417

Bankruptcy Case No.: 13-28478

Chapter 11 Petition Date: August 23, 2013

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

Judge: Rosemary Gambardella

Debtors' Counsel: Richard J. Kwasny, Esq.
                  KWASNY & REILLY
                  53 South Main St.
                  Yardley, PA 19067
                  Tel: (215) 321-0300
                  Fax: (215) 321-9336
                  E-mail: kwasnylaw@aol.com

Estimated Assets: not available

Estimated Debts: not available

Affiliates that simultaneously filed separate Chapter 11
petitions:

   Debtor                              Case No.
   ------                              --------
Ironmen Realty Company, LLC            13-28481
  Assets: not indicated
  Debts: $1,676,975
Montana Holding Company, LLC           13-28483
  Assets: not indicated
  Debts: $1,244,100
Eastford, LLC                          13-28493
  Assets: not indicated
  Debts: $1,212,250

The petitions were signed by Frank Muscara, managing member.

A. Sage Realty did not file a list of its largest unsecured
creditors together with its petition.

B. A copy of Ironmen Realty's list of its seven unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/njb13-28481.pdf

C. A copy of Montana Holding's list of its eight unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/njb13-28483.pdf

D. A copy of Eastford's list of its eight unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/njb13-28493.pdf


SALON MEDIA: Appoints New Editor-In-Chief
-----------------------------------------
Salon Media Group, Inc., has appointed Mr. David Daley to serve as
its editor-in-chief, effective immediately.  Mr. Daley had been
serving as Salon's interim editor-in-chief since June 5, 2013.

Mr. Daley, age 42, began his employment with Salon on July 18,
2011, as senior culture editor and was promoted on March 1, 2012,
to executive editor.  He previously served for five years at the
Louisville Courier-Journal as both the Lifestyles Manager and
Editor-In-Chief of the weekly Velocity newspaper.  Prior to this,
Mr. Daley served as Features Editor for one year at Details
Magazine, and as Politics/Culture Reporter and Arts Editor at the
Hartford Courant and (Westchester, New York) Journal News.  Mr.
Daley's holds a bachelor's degree in Political Science from Boston
College and a master's degree in Journalism from the University of
North Carolina at Chapel Hill.

"We are pleased to have David as our new Editor-In-Chief," said
Cynthia Jeffers, CEO and CTO of Salon Media Group.  "David brings
extensive experience, energy and a real hunger to the position.
He is highly qualified to express our unique editorial voice as we
continue our focus on excellence in journalism."

In his new role, Mr. Daley's salary will be $150,000, and he will
receive a grant of options to acquire 150,000 shares of the
Company's common stock, pending approval at the next meeting of
the Company's Board of Directors.  The Company is preparing a new
employment letter for Mr. Daley.

                         About Salon Media

San Francisco, Calif.-based Salon Media Group (OTC BB: SLNM.OB)
-- http://www.Salon.com/-- is an online news and social
networking company and an Internet publishing pioneer.

For the 12 months ended March 31, 2013, the Company had a net loss
of $3.93 million on $3.64 million of net revenues, as compared
with a net loss of $4.09 million on $3.47 million of net revenues
for the same period a year ago.

As of March 31, 2013, the Company had $1.29 million in total
assets, $11.32 million in total liabilities and a $10.02 million
total stockholders' deficit.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the fiscal year ended March 31, 2012.  The
independent auditors noted that the Company has suffered recurring
losses and negative cash flows from operations and has an
accumulated deficit of $112.5 million at March 31, 2012, which
raise substantial doubt about the Company's ability to continue as
a going concern.


SENTINEL MANAGEMENT: 7th Circ. Revives Row Over BNY's $312MM Claim
------------------------------------------------------------------
Law360 reported that the Seventh Circuit on Aug. 26 revived a
challenge to Bank of New York Mellon Corp.'s $312 million claim
against bankrupt investment manager Sentinel Management Group
Inc., saying the district judge had contradicted himself in his
ruling in the bank's favor.

According to the report, the three-judge panel reversed U.S.
District Judge James B. Zagel's ruling that BNY Mellon hadn't
acted unfairly in writing a loan collateralized by Sentinel's
customers' money, reviving a challenge to the bank's claim by
Sentinel's bankruptcy trustee.

Tom Polansek, writing for Reuters, reports that the U.S. Court of
Appeals for the Seventh Circuit in Chicago reversed part of a
ruling by U.S. District Judge James Zagel that put Bank of New
York Mellon Corp ahead of former customers of Sentinel Management
Group who are seeking to recoup money lost in the futures broker's
2007 collapse.  The Seventh Circuit said Judge Zagel must revisit
the case.

According to Reuters, a lawyer for Sentinel trustee Frederick
Grede said that if Judge Zagel agrees with the appeals court's
decisions, the bank may have to return about $312 million to the
bankruptcy trustee for distribution to former clients.

The case is Frederick Grede v. Bank of New York Mellon Corp., in
the U.S. Court of Appeals for the Seventh Circuit, no. 10-3787.

                     About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering a
variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on
Aug. 17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represented the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represented the
Official Committee of Unsecured Creditors.  When the Debtor sought
bankruptcy protection, it estimated assets and debts of more than
$100 million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq, at Jenner & Block LLP,
represent the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SEQUENOM INC: Terminates 75 Employees to Cut Expenses
-----------------------------------------------------
Sequenom, Inc., communicated to employees a plan to reduce the
Company's workforce, as part of an overall cost reduction effort.
The Reorganization affects approximately 75 employees.  The
majority of employees whose employment is being terminated were
notified on Aug. 19, 2013.  The Company expects all affected
employees to be notified no later than Aug. 23, 2013.

Pursuant to the Reorganization, and subject to the execution of
separation and general release agreements, the Company will enter
into severance arrangements with each terminated employee based on
seniority and tenure with the Company.  The Company expects to
provide severance payments, continuation of medical and dental
insurance benefits under COBRA, and outplacement services.

The Company anticipates a reduction of approximately $10 million
in compensation-related expenses (without consideration of stock
compensation expense) in future operating expenses on an
annualized basis from the Reorganization, which includes voluntary
and involuntary terminations that have occurred since July 1,
2013.  The Company also expects to recognize additional expense
reductions as a result of the Reorganization.  The Company is
undertaking the Reorganization as part of an overall cost
reduction effort, and expects to begin to see the benefit of the
majority of cost reductions during the fourth quarter of 2013.

In connection with the Reorganization, the Company expects to
record approximately $1.2 million in severance-related expenses
during the third quarter of 2013.  The severance-related charge
that the Company expects to incur in connection with the
Reorganization is subject to a number of assumptions, and actual
results may differ.  The Company may also incur other charges not
currently contemplated due to events that may occur as a result
of, or associated with, the Company's overall cost reduction
effort, including the Reorganization.

                           About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

Sequenom disclosed a net loss of $117.02 million in 2012, a net
loss of $74.13 million in 2011 and a net loss of $120.84 million
in 2010.  As of June 30, 2013, the Company had $192.76 million in
total assets, $199.14 million in total liabilities and a $6.38
million total stockholders' deficit.


SOLAR POWER: Incurs $6.8 Million Net Loss in Second Quarter
-----------------------------------------------------------
Solar Power, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $6.83 million on $4.19 million of total net sales for the three
months ended June 30, 2013, as compared with a net loss of $2.11
million on $24.42 million of total net sales for the same period a
year ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $9.97 million on $5.96 million of total net sales, as
compared with a net loss of $3.21 million on $50.72 million of
total net sales for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $141.13
million in total assets, $124.38 million in total liabilities and
$16.75 million in total stockholders' equity.

Cash and cash equivalents at June 30, 2013, were $0.2 million,
compared with $17.8 million at Dec. 31, 2012.  During the first
quarter of 2013, $13 million of construction funds provided by
China Development Bank were drawn down and sent to KDC Solar to
cover construction costs for the Imclone project.

A copy of the Form 10-Q is available for free at:

                         http://is.gd/yx7RCz

                          About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility ("SEF") developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power disclosed a net loss of $25.42 million in 2012, as
compared with net income of $1.60 million in 2011.

Crowe Horwath LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred a current year net loss of $25.4
million, has an accumulated deficit of $23.8 million, has
experienced a significant reduction in working capital, has past
due related party accounts payable and material adverse change and
default clauses in certain debt facilities under which the banks
can declare amounts immediately due and payable.  Additionally,
the Company's parent company LDK Solar Co., Ltd, has experienced
financial difficulties, which among other items, has caused delays
in project financing.  These matters raise substantial doubt about
the Company's ability to continue as a going concern.


SOUND SHORE: Can Employ PricewaterhouseCoopers as Auditors
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized Sound Shore Medical Center of Westchester, et al., to
employ PricewaterhouseCoopers, LLP, as auditors, cases, nunc pro
tunc, to June 27, 2013, and pay the firm $121,500 in connection
with two outstanding prepetition invoices.

                        About Seven Counties

Sound Shore Medical Center of Westchester, Mount Vernon Hospital
Inc., Howe Avenue Nursing Home and related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22840) on
May 29, 2013, in White Plains, New York.

The Debtors are the largest "safety net" providers for Southern
Westchester County in New York.  Affiliated with New York Medical
College, Sound Shore is a not-for-profit 242-bed, community based-
teaching hospital located in New Rochelle, New York.  Mountain
Vernon Hospital is a voluntary, not-for-profit 176-bed hospital
located in Mount Vernon, New York.  Howe Avenue Nursing Home is a
150-bed, comprehensive facility.

The Debtors tapped Burton S. Weston, Esq., at Garfunkel Wild, P.C.
as counsel; Alvarez & Marsal Healthcare Industry Group, LLC, as
financial advisors; and GCG Inc., as claims agent.

The Debtors are seeking to sell their assets to the Montefiore
health system.  In June 2013, Montefiore added $4.75 million to
its purchase offer for Sound Shore Medical Center and Mount Vernon
Hospital to speed up the sale.  Montefiore raised its bid to
$58.75 million plus furniture and equipment as part of a request
for a private sale of the bankrupt New Rochelle and Mount Vernon
hospitals, which the Bronx-based health system would like to buy
by August 2.  Montefiore is represented by Togut, Segal & Segal
LLP.

Alston & Bird LLP represents the Official Committee of Unsecured
Creditors.

Sound Shore disclosed assets of $159.6 million and liabilities
totaling $200 million.  Liabilities include a $16.2 million
revolving credit and a $5.8 million term loan with Midcap
Financial LLC.  There is $9 million in mortgages with Sun Life
Assurance Co. of Canada (US) and $11.5 million owing to the New
York State Dormitory Authority.

Neubert, Pepe & Monteith, P.C., represents Daniel T. McMurray, the
patient care ombudsman for Sound Shore.


SOUTH FLORIDA SOD: Court OKs Use of Orange Hammock Cash Collateral
------------------------------------------------------------------
The Bankruptcy Court entered a preliminary order authorizing South
Florida SOD, Inc., to use cash collateral to pay:

   (a) amounts expressly authorized by the Court, including
       payments to the U.S. Trustee for quarterly fees;

   (b) the expenses set forth in the budget, plus an amount not to
       exceed 5 percent for each line item; and

   (c) additional amounts as may be expressly approved in writing
       by Orange Hammock Ranch, LLC, secured creditor.

The Court directed the Debtor to grant Orange Hammock and its
agents and representatives access to the Debtor's premises for
inspection.

Each creditor with a security in the cash collateral will have a
perfected post-petition lien against the cash collateral to the
same extent and with the same validity and priority as the
prepetition lien, without the need to file or execute any document
as may otherwise be required under applicable non-bankruptcy law.

An evidentiary hearing on the motion and any objection is
continued to Sept. 5, 2013 at 1:30 p.m.

                      About South Florida Sod

South Florida Sod Inc., a sod farmer, filed for Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-bk-08466) on July 9,
2013, in Orlando, Florida.

The Debtor estimated at least $10 million in assets and
liabilities.  The company owns 13 properties in Florida and three
other states.  The company intends on selling a 5,777-acre
property in Sarasota County, Florida, with a claimed value of
$20 million or more.  Secured debt totals $23.5 million, not
including a $1.6 million judgment.

Attorneys at Latham Shuker Eden & Beaudine, LLP, serve as counsel
to the Debtor.


SOUTH FLORIDA SOD: Seeks to Obtain $220,000 DIP Financing
---------------------------------------------------------
South Florida Sod, Inc., seeks permission from the Bankruptcy
Court to enter into a DIP Loan Agreement with Wauchula State Bank.
The Loan will bear an interest rate of 10 percent per annum, plus
3 points on all advances made at the time of the advance.

The debt is to be secured by: (i) a second mortgage on the
property known as the "McCall Ranch" located in Sarasota County,
Florida, junior only to that of Orange Hammock Ranch LLC; and (ii)
a first mortgage on  the Debtor's  property on Burnt Island,
Michigan known as the "Summer Office."

The maximum borrowing limit is 20 percent of the value of the
"Summer Office Property," which Wauchula believes to be $950,000.
Accordingly, the maximum borrowing limit is $220,000.

The credit will be super-priority administrative expense claims on
account of the Loans pursuant to Section 364(c)(1) of the
Bankruptcy Code.

The Debtor intends to use the proceeds of the loan to hire
Dan Dempsey as financial adviser and continue the improvement of
the Debtor's property by preparing it for the production of hay.
The sale of the hay crop will be used for funding the plan of
reorganization.

                      About South Florida Sod

South Florida Sod Inc., a sod farmer, filed for Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-bk-08466) on July 9,
2013, in Orlando, Florida.

The Debtor estimated at least $10 million in assets and
liabilities.  The company owns 13 properties in Florida and three
other states.  The company intends on selling a 5,777-acre
property in Sarasota County, Florida, with a claimed value of
$20 million or more.  Secured debt totals $23.5 million, not
including a $1.6 million judgment.

Attorneys at Latham Shuker Eden & Beaudine, LLP, serve as counsel
to the Debtor.


SOUTH FLORIDA SOD: Taps Daniel Dempsey as Financial Advisor
-----------------------------------------------------------
South Florida Sod, Inc., seeks permission from the Bankruptcy
Court to employ Daniel Dempsey as its financial advisor.

Daniel Dempsey has been selected because the firm (i) has
considerable experience in matters of this nature; (ii) is well-
qualified to provide the necessary services for the the Debtor;
(iii) is a certified public accountant; and (iv) has served as a
plan administrator in a Chapter 11 before the Court.

The firm will, among other things:

  (a) assist in the preparation of the U.S. Trustee financial
      reports and other filings required by the Court;

  (b) assist in preparing and filing the required federal and
      state tax returns on behalf of the Debtor;

  (c) evaluate the Debtor's financial condition;

  (d) assist in preparing the Debtor's Plan of Reorganization and
      Disclosure Statement; and

  (e) attend at meetings with the Debtor, its creditors and
      the attorneys of those parties.

The Debtor believes that Daniel Dempsey is "disinterested" and
holds no interest adverse to the estate.

The Debtor proposes to pay to the financial advisor a retainer in
the amount of $7,500 as security for payment for services.

                      About South Florida Sod

South Florida Sod Inc., a sod farmer, filed for Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-bk-08466) on July 9,
2013, in Orlando, Florida.

The Debtor estimated at least $10 million in assets and
liabilities.  The company owns 13 properties in Florida and three
other states.  The company intends on selling a 5,777-acre
property in Sarasota County, Florida, with a claimed value of
$20 million or more.  Secured debt totals $23.5 million, not
including a $1.6 million judgment.

Attorneys at Latham Shuker Eden & Beaudine, LLP, serve as counsel
to the Debtor.


STACY'S INC: Sept. 18 Hearing on Ogletree Deakins Employment
------------------------------------------------------------
The Hon. David R. Duncan of the U.S. Bankruptcy Court for the
District of South Carolina will convene a hearing on Sept. 18,
2013, at 2 p.m., to consider the request of Stacy's Inc. to employ
Ogletree, Deakins, Nash, Smoak & Stewart, P.C. as special counsel
for employment-related matters.  Objections, if any, are due
Sept. 9.

The firm has represented the Debtor since July 2011 in connection
with employment-related matters.  The firm has waived any and all
claims relating to services rendered prepetition.

The Debtor has agreed to pay regular hourly rates as set forth in
the retainer agreement.

To the best of the Debtor's knowledge, the firm does not hold any
interest adverse to the Debtor or the estate.

                        About Stacy's Inc.

Stacy's Inc., a commercial greenhouse in York, South
Carolina, filed a Chapter 11 petition on June 21 (Bankr. D. S.C.
Case No. 13-03600) in Spartanburg, South Carolina, with a deal to
sell the business for $17 million to Metrolina Greenhouses, absent
higher and better offers.

Stacy's -- http://www.stacysgreenhouses.com/-- has 16 acres of
greenhouses on three farms aggregating 260 acres in York, South
Carolina.  The business employs 1,000 people during its peak
season.  The biggest customers include Home Depot, Lowe's, Wal-
Mart, Tractor Supply Company, Costco, and Harris Teeter.  The
secured lender is Bank of the West, owed $22.1 million secured by
liens on the assets.

The Debtor disclosed $26.4 million in total assets and $31.4
million in liabilities in its schedules.  The secured lender is
Bank of the West, owed $22.1 million secured by liens on the
assets.

The Debtor has tapped Barton Law Firm, P.A, as bankruptcy counsel;
Ouzts, Ouzts & Varn, P.A. as its financial advisor; SSG Advisors,
LLC, as its investment banker; and Faulkner and Thompson, P.A., to
provide limited accounting services.

The Debtor's primary secured creditor is Bank of the West.  Moore
& Van Allen, PLLC, represents the Official Committee of Unsecured
Creditors.


STEREOTAXIS INC: Issues 1.2 Million Common Shares
------------------------------------------------
Venture funds affiliated with Sanderling Ventures exercised PIPE
Warrants to purchase an aggregate of 650,619 shares of common
stock in a cashless net exercise as provided for in the PIPE
Warrants, which resulted in the issuance to those funds of an
aggregate of 308,194 shares of common stock.  As a result, there
were no net proceeds to the Company.

On Aug. 16, 2013, certain affiliates of the Franklin Templeton
exercised PIPE Warrants to purchase an aggregate of 650,618 shares
of common stock for cash.  The Company received an aggregate of
$2,186,727 gross proceeds from the sale.

On Aug. 16, 2013, Alafi Capital Company exercised PIPE Warrants to
purchase an aggregate of 261,241 shares of common stock for cash.
The Company received an aggregate of $878,031 gross proceeds from
the sale.

In all cases, the Company is relying on the exemption from
registration afforded by Section 4(a)(2) of the Securities Act of
1933, as amended, based on representations to the Company made by
the warrant holders.  The resale by the warrant holders of the
shares of common stock has been previously registered with the
Securities Exchange Commission.

As previously reported, on May 7, 2012, Stereotaxis issued
warrants to purchase an aggregate of approximately 2.17 million
shares of its common stock having an exercise price of $3.361 per
share in a private placement pursuant to a stock and warrant
purchase agreement.

                 Amends Second Quarter Form 10-Q

The Company has amended its quarterly report originally filed with
the Securities and Exchange Commission on Aug. 14, 2013, for the
period ended June 30, 2013.  The amendment was filed solely for
the purpose of adding disclosures in Part II, Item 2 and Item 5,
the summary of certain unregistered sales of equity securities
which occurred subsequent to the end of the period covered by the
originally filed Quarterly Report.

As disclosed in "Note 14 - Subsequent Events" to the Company's
financial statements, subsequent to the end of the period covered
by this report, on Aug. 7, 2013, holders of all of the Company's
convertible subordinated notes exchanged the balance of their
unconverted convertible notes for, among other consideration,
additional warrants to purchase 2.5 million shares, having an
exercise price of $3.361 per share.  On Aug. 8, 2013, certain
former holders of the convertible notes exercised Exchange
Warrants to purchase an aggregate of 1,372,358 shares of common
stock in cashless net exercises as provided for in the Exchange
Warrants, which resulted in the issuance to those funds of an
aggregate of 841,575 shares of common stock.  As a result, there
were no net proceeds to the Company.  The Company is relying on
the exemption from registration afforded by Section 4(a)(2) of the
Securities Act of 1933, as amended, based on representations to
the Company made by the warrant holders.

In addition, on Aug. 7, 2013, venture funds affiliated with
Sanderling Ventures exercised warrants to purchase an aggregate of
262,450 shares of common stock in cashless net exercises as
provided for in the warrants, which resulted in the issuance to
such funds of an aggregate of 183,478 shares of common stock;
75,758 warrants had an exercise price of $1.98 per share, 156,204
warrants had an exercise price of $3.361 per share and 30,488
warrants had an exercise price of $4.10 per share.  The warrants,
which were issued by the Company in private placements in 2012 and
2013 in connection with the extension of previously disclosed
guarantees, were converted pursuant to the cashless exercise
provisions set forth in the warrants.  As a result, there were no
net proceeds to the Company.

A copy of the Amended Form 10-Q is available for free at:

                         http://is.gd/yGKoMI

                          About Stereotaxis

Based in St. Louis, Mo., Stereotaxis, Inc., designs, manufactures
and markets the Epoch Solution, which is an advanced remote
robotic navigation system for use in a hospital's interventional
surgical suite, or "interventional lab", that the Company believes
revolutionizes the treatment of arrhythmias and coronary artery
disease by enabling enhanced safety, efficiency and efficacy for
catheter-based, or interventional, procedures.

For the year ended Dec. 31, 2011, Ernst & Young LLP, in St. Louis,
Missouri, expressed substantial doubt about Stereotaxis' 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.


STEREOTAXIS INC: Gets OK to Transfer Listing to NASDAQ Capital
--------------------------------------------------------------
Stereotaxis, Inc., received a positive determination from the
NASDAQ Listing Qualifications Panel on Aug. 15, 2013, granting
approval of the Company's request to transfer its listing to The
NASDAQ Capital Market(R) from The NASDAQ Global Market(R).  The
Company's securities will begin trading on the NASDAQ Capital
Market effective at the start of trading on Monday, Aug. 19, 2013.
The transfer of the Company's listing to The NASDAQ Capital Market
is not expected to have any impact on trading in the Company's
shares, and the Company's shares will continue to trade on
NASDAQ under the symbol STXS.

As previously disclosed, on July 25, 2013, the Company appeared
before the Panel and requested the transfer of its listing from
The NASDAQ Global Market to The NASDAQ Capital Market, pursuant to
a plan to evidence compliance with the requirements for continued
listing on The NASDAQ Capital Market.  Following the hearing, the
Panel determined that the Company appears to have evidenced
compliance with those requirements.  The Company's continued
listing on The NASDAQ Capital Market is subject to the submission
of a transfer application to NASDAQ and approval of the
application by the NASDAQ Listing Qualifications Staff.

                         About Stereotaxis

Based in St. Louis, Mo., Stereotaxis, Inc., designs, manufactures
and markets the Epoch Solution, which is an advanced remote
robotic navigation system for use in a hospital's interventional
surgical suite, or "interventional lab", that the Company believes
revolutionizes the treatment of arrhythmias and coronary artery
disease by enabling enhanced safety, efficiency and efficacy for
catheter-based, or interventional, procedures.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012, citing recurring operating
losses and working capital deficiency which conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

The Company incurred a net loss of $9.23 million in 2012, as
compared with a net loss of $32.03 million in 2011.

As of June 30, 2013, the Company had $23.99 million in total
assets, $49.63 million in total liabilities and a $25.63 million
total stockholders' deficit.


STORY BUILDING: Wins Approval of 4th Amended Reorganization Plan
----------------------------------------------------------------
Story Building LLC confirmed on July 18, 2013, its Fourth Amended
Plan of Reorganization, as modified.  The Plan provides for two
alternative funding.

In relation to the Plan, on Aug. 1, the Court approved a plan
support agreement and related term sheet with Wells Fargo Bank,
N.A., as trustee.

The Plan proposed that on the Effective Date, the Debtor is
authorized to enter into an asset purchase agreement with the
Boulevard Hospitality LLC (or its designee) as purchaser.

As reported in the Troubled Company Reporter on June 26, 2013,
under the Plan, Gholam Ali Safari -- as so-called New Value
Contributor, would provide funds sufficient to satisfy the
Debtor's obligations to creditors by making a required deposit in
the amount of $3,899,201, in advance of the effective date of the
Plan.  If the New Value Contributor fails to timely make the
required deposit, the Debtor's assets would be sold to Boulevard
Hospitality LLC, as the stalking horse bidder, or to a qualified
bidder who submits a higher and better bid.  Proceeds of the sale
will be use to satisfy the Debtor's obligations.

General unsecured claims are impaired under the Plan and would be
paid either (i) a pro rata share of quarterly installments of
$1,771 and interest accruing at the annual rate of 2.25%; or (ii)
in the event of an asset sale, cash in an amount equal to the
holder's allowed claim amount without interest.

A two-part copy of the Fourth Amended Plan dated June 6, 2013, is
available for free at:

       http://bankrupt.com/misc/STORYBLDGplan10606.pdf
       http://bankrupt.com/misc/STORYBLDGplan20606.pdf

Sandford L. Frey, Esq. -- sfrey@cmkllp.com -- at Creim Macias
Koenig & Frey LLP, in Los Angeles, California, for the Debtor.  H.
Mark Mersel, Esq. -- mark.mersel@bryancave.com -- at Bryan Cave
LLP, in Irvine, California, and Michelle McMahon, Esq. --
michelle.mcmahon@bryancave.com -- at Bryan Cave LLP, in New York,
for Wells Fargo.

                      About Story Building LLC

Story Building LLC is a real estate management company based in
Irvine, California.  The Company owns and operates a 13-story
historical building located in Downtown, Los Angeles, known as the
Walter P. Story Building, located at 610 S. Broadway.  The
building is primarily utilized as a jewelry plaza.

Story Building LLC filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 10-16614) on May 17, 2010.  Sandford
Frey, Esq., at Creim Macias Koenig & Frey LLP, represents the
Debtor in its restructuring effort.  The Debtor disclosed
$19,421,024 in assets and $16,500,721 in liabilities as of the
Chapter 11 filing.  There was no official committee of unsecured
creditors appointed in the Debtor's case.

The Debtor has filed a plan providing for distributions to be
funded primarily from operations of the Story Building property,
and the new value contribution.  The Debtor's interest holder has
agreed to provide $160,000.  Under the Plan, distributions will be
funded primarily from operations of the Story Building property,
and the new value contribution.  The Debtor's interest holder has
agreed to provide $160,000.

Wells Fargo Bank NA -- as trustee for the registered holders of
JPMorgan Chase Commercial Mortgage Securities Corp., Commercial
Mortgage Pass-Through Certificates, Series 2004-C1 -- is
represented by Michelle McMahon, Esq., at Bryan Cave LLP.


SUNRISE REAL ESTATE: Posts $1.3 Million Net Income in 2nd Quarter
-----------------------------------------------------------------
Sunrise Real Estate Group, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net income of $1.27 million on $4.48 million of net
revenues for the three months ended June 30, 2013, as compared
with a net loss of $825,277 on $1.83 million of net revenues for
the same period a year ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $57,219 on $6.60 million of net revenues, as compared with
a net loss of $2.21 million on $3.55 million of net revenues for
the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $61.93
million in total assets, $56.50 million in total liabilities and
$5.42 million in total shareholders' equity.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/7NeyvS

                     About Sunrise Real Estate

Headquartered in Shanghai, the People's Republic of China, Sunrise
Real Estate Group, Inc. was initially incorporated in Texas on
Oct. 10, 1996, under the name of Parallax Entertainment, Inc.
On Dec. 12, 2003, Parallax changed its name to Sunrise Real
Estate Development Group, Inc.  On April 25, 2006, Sunrise Estate
Development Group, Inc., filed Articles of Amendment with the
Texas Secretary of State, changing the name of Sunrise Real Estate
Development Group, Inc. to Sunrise Real Estate Group, Inc.,
effective from May 23, 2006.

The Company and its subsidiaries are engaged in the property
brokerage services, real estate marketing services, property
leasing services and property management services in China.

Sunrise Real Estate incurred a net loss of US$3.47 million on
US$8.52 million of net revenues for the year ended Dec. 31, 2012,
as compared with a net loss of US$1.15 million on US$8.97 million
of net revenues for the year ended Dec. 31, 2011.

Finesse CPA, P.C., in Chicago, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has a working capital deficiency, accumulated deficit
from recurring net losses for the current and prior years, and
significant short-term debt obligations currently in default or
maturing in less than one year.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


SYNAGRO TECHNOLOGIES: Second Amended Plan Effective
---------------------------------------------------
The Effective Date under Synagro Technologies, Inc. and its
affiliated debtors' Second Amended Joint Chapter 11 Plan of
Reorganization occurred on August 22, 2013, according to a notice
filed with the U.S. Bankruptcy Court for the District of Delaware.
The Plan was confirmed on Aug. 20.

                         About Synagro

Synagro Technologies, Inc., based in Houston, Texas, is the
recycler of bio-solids and other organic residuals in the U.S. and
is one of the largest national companies focused exclusivity on
biosolids recycling, which has a market size of $2 billion.  The
Company was formed in 1986, under the name RPM Marketing, Inc.
Synagro's corporate headquarters is currently located in Houston,
Texas but is in the process of being transferred to White Marsh,
Maryland.  The Company also has offices in Lansdale, Pennsylvania,
Rayne, Louisiana, and Watertown, Connecticut.

Synagro Technologies and 29 affiliates sought Chapter 11
protection (Bankr. D. Del. Case no. 13-11041) on April 24, 2013.
The lead debtor estimated assets and debts at $10 million to
$50 million.  Synagro Technologies disclosed $8,714,426 in assets
and $430,489,161 in liabilities.

Synagro was owned by The Carlyle Group at the time of the
bankruptcy filing.  It was acquired in April 2007 by Carlyle in a
$741 million transaction.

Synagro is being advised by Mark S. Chehi, Esq., at the law firm
of Skadden Arps Slate Meagher & Flom, along with financial adviser
AlixPartners and investment bankers Evercore Partners.  Kurtzman
Carson & Consultants serves as notice and claims agent.

No creditors' committee has been appointed in the cases by the
United States Trustee.

The Plan is sponsored by Synagro Infrastructure Company, Inc., and
is intended to effectuate the Plan Sponsor's acquisition of the
Debtors' business in exchange for approximately $480 million,
including Cash of approximately $465 million, and the assumption
of certain liabilities.  The existing Equity Interests in Synatech
and Synagro Drilling will be cancelled.  The Synatech New Common
Stock will be issued to the Plan Sponsor, and the Drilling New
Common Stock will be issued to DrillCo.


T-L CHEROKEE SOUTH: Taps Shepard as Accountant for Sole Member
--------------------------------------------------------------
T-L Cherokee South, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Indiana for permission to employ Mary Fuller,
and the accounting firm of Shepard Schwartz & Harris, LLP, as
accountants.

Shepard Schwartz will prepare tax returns for its sole member,
Tri-Land Cherokee Investors, LLC, for the tax year of 2012 and for
other related matters.

Shepard Schwartz does not believe that it holds a prepetition
claim against the estate of the Debtor.  To the extent that a
claim does exist, Shepard Schwartz agrees to waive that claim in
the event that the engagement is approved.

Shepard Schwartz estimates that the total amount of billings for
the preparation of the tax returns will be approximately $5,800.

The Debtor's counsel can be reached at:

         David K. Welch, Esq.
         Arthur G. Simon, Esq.
         Jeffrey C. Dan. Esq.
         CRANE, HEYMAN, SIMON, WELCH & CLAR
         135 South LaSalle Street, Suite 3705
         Chicago, IL 60603
         Tel: (312) 641-6777
         Fax: (312) 641-7114

The Debtor's local counsel can be reached at:

         Richard E. Anderson
         Michael E. Anderson
         ANDERSON & ANDERSON, P.C.
         Barrister Court
         9211 Broadway
         Merrillville, IN 46410
         Tel: (219) 769-1892

                        About T-L Cherokee

T-L Conyers LLC, T-L Cherokee South, LLC, and two affiliates
sought Chapter 11 protection in Hammond, Indiana, on Feb. 1, 2013.

The Debtors are represented by David K. Welch, Esq., at Crane,
Heyman, Simon, Welch & Clar, in Chicago.

The Debtors own various shopping centers in Georgia and Kansas.

T-L Cherokee South (Bankr. N.D. Ind. Case No. 13-20283) estimated
assets and debts of $10,000,001 to $50,000,000.  T-L Cherokee owns
and operates a commercial shopping center in Overland Park, Kansas
known as "Cherokee South Shopping Center".

The Debtors are entities managed by Westchester, Illinois-based
Tri-Land Properties, Inc., which sought Chapter 11 protection
(Case No. 12-22623) on July 11, 2012.


THELEN LLP: Trustee Hits 6 More Ex-Partners With Clawbacks
----------------------------------------------------------
Law360 reported that Thelen LLP's trustee on Aug. 22 hit six
former equity partners with lawsuits alleging that they were
overpaid before the firm dissolved, possibly signaling a wind-down
of clawback actions filed in New York bankruptcy court that have
already led to settlements with more than 130 attorneys.

According to the report, the suits are the latest is a flurry of
efforts to recoup some of the defunct firm's losses by taking aim
at its former attorneys.  Several of the partners, at least 139 to
date, have settled claims with the firm's trustee, the report
said.

                        About Thelen LLP

Thelen LLP, formerly known as Thelen Reid Brown Raysman & Steiner
-- http://thelen.com/-- is a bi-coastal American law firm in
process of dissolution.  It was formed as a product between two
mergers between California and New York-based law firms, mostly
recently in 2006.  Its headcount peaked at roughly 600 attorneys
in 2006, and had 500 early in 2008, with offices in eight cities
in the United States, England and China.

In October 2008, Thelen's remaining partners voted to dissolve the
firm.  As reported by the Troubled Company Reporter on Sept. 22,
2009, Thelen LLP filed for Chapter 7 protection.  The filing was
expected due to the timing of a writ of attachment filed by one of
Thelen's landlords, entitling the landlord to $25 million of the
Company's assets.  The landlord won approval for that writ in June
2009, but Thelen could void the writ by filing for bankruptcy
within 90 days of that court ruling.  Thelen, according to AM Law
Daily, has repaid most of its debt to its lending banks.


THEODORO BAKING: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Theodoro Baking Co., Inc.
        8860 Pershall Road
        Hazelwood, MO 63042

Bankruptcy Case No.: 13-47789

Chapter 11 Petition Date: August 23, 2013

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Kathy A. Surratt

Debtor's Counsel: Bonnie L. Clair, Esq.
                  Brian James LaFlamme, Esq.
                  David A. Sosne, Esq.
                  SUMMERS COMPTON WELLS LLC
                  8909 Ladue Road
                  St. Louis, MO 63124
                  Tel: (314) 991-4999
                  Fax: (314) 991-2413
                  E-mail: blcattymo@summerscomptonwells.com
                          blaflamme@summerscomptonwells.com
                          dasattymo@summerscomptonwells.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/moeb13-47789.pdf

The petition was signed by Michael E. Daniels, president.


THQ INC: Plans to File Form 15 with SEC
---------------------------------------
THQ Inc. said in a regulatory filing with the U.S. Securities and
Exchange Commission that it intends to file a Form 15 with the SEC
to provide notice of the suspension of its reporting obligation
under Section 15(d) of the Securities Exchange Act of 1934, as
amended.  Upon filing a Form 15, the Company will immediately
cease filing any further periodic reports under the Exchange Act.

The Debtor's Chapter 11 Plan of Liquidation of became effective on
Aug. 2, 2013.  As previously disclosed, the Debtors' principal
operating assets have already been sold pursuant to Section 363 of
the Bankruptcy Code during the pendency of the Chapter 11 cases.
The objectives of the Plan are to effect the substantive
consolidation of the Debtors and provide a mechanism for the
prompt liquidation of the remaining assets of the Debtors, and
distribution of the proceeds thereof to Holders of Allowed Claims.
The Plan also establishes the Litigation Trust and the Stock
Trust.

On the Effective Date, all Equity Interests in the Company were
canceled and extinguished and a single share of stock in the
Company was issued to the Stock Trust, which it will hold for the
benefit of the former holders of Company stock, and that share of
stock will remain outstanding until the Company is dissolved in
accordance with the Plan.  The Litigation Trust was vested with
the Derivative Actions.  The Company is empowered to resolve
Claims, liquidate or dispose of the Debtors' remaining property,
and make Cash Distributions pursuant to the terms of the Plan.

The Plan classifies Claims and Equity Interests, except for
certain claims that are not classified, for all purposes,
including distributions under the Plan.  The treatment in the Plan
is in full and complete satisfaction of the legal, contractual,
and equitable rights that each person holding an Allowed Claim or
an Allowed Equity Interest may have in or against the Debtors or
their property.  Except as specifically set forth in the Plan, no
distributions will be made and no rights will be retained on
account of any Claim or Equity Interest that is not an Allowed
Claim or Allowed Equity Interest.

Article IV of the Plan provides for distributions to creditors and
Holders of Equity Interests.

Pursuant to section 4.07 and 4.08 of the Plan, the Holders of
Allowed Securities Law Claims and Equity Interests may not receive
any Distributions on account of those Claims.  Those parties will
be Stock Trust Beneficiaries.  In the event surplus funds remain
in the Company after all Holders of Allowed Claims receive the
Distributions provided for in Article IV of the Plan, on account
of those Allowed Claims, any remaining Net Proceeds will be
transferred to the Stock Trust for the benefit of Holders of
Allowed Securities Law Claims and Allowed Class 8 Equity
Interests, for treatment according to section 8.10(d) of the Plan.
There may be no distributions to the Stock Trust.

                          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.


TLO LLC: Files Schedules of Assets and Liabilities
--------------------------------------------------
TLO LLC filed with the Bankruptcy Court for the Southern District
of Florida its schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $46,613,363
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $93,380,939
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $16,544,609
                                 -----------      -----------
        TOTAL                    $46,613,363     $109,925,548

                           About TLO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No.
13-bk20853) on May 9, 2013, in West Palm Beach, Florida, near the
company's headquarters in Boca Raton.  The petition was signed by
E. Desiree Asher as CEO.

Judge Paul G. Hyman, Jr., presides over the case.  Robert C. Furr,
Esq., and Alvin S. Goldstein, Esq., at Furr & Cohen, serve as the
Debtor's counsel.  Bayshore Partners, LLC is the Debtor's
investment banker.  Thomas Santoro and GlassRatner Advisory &
Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner who died this year.  There is $4.6 million secured by
computer equipment.


TRANS-LUX CORP: Incurs $723,000 Net Loss in Second Quarter
----------------------------------------------------------
Trans-Lux Corporation reported a net loss of $723,000 on $4.78
million of revenues for the three months ended June 30, 2013, as
compared with net income of $739,000 on $6.83 million of revenues
for the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.02 million on $8.88 million of revenues, as compared
with a net loss of $931,000 on $12.44 million of revenues for the
same period last year.

"With recent changes in the management of the Company's line of TL
Energy LED lighting, our energy efficient and economical lighting
business is gaining momentum," said Mr. Allain.  "This market
holds great potential for growth, and we are beginning to reap the
rewards."

"As a result of our continuing strategic cost reductions and on-
going restructuring efforts, we have reduced our general and
administrative overhead costs," said Mr. Allain.  "These
reductions have enabled us to manage our losses despite the
reduction in revenues and put us in a better position to
capitalize on new business opportunities."

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

                         http://is.gd/AzwzVf

                      About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $1.36 million on $23.02 million of total revenues, as compared
with a net loss of $1.41 million on $23.75 million of total
revenues during the prior year.

As of March 31, 2013, the Company had $20 million in total assets,
$18.31 million in total liabilities and $1.69 million in total
stockholders' equity.

"Our independent registered public accounting firm has issued an
opinion on our consolidated financial statements that states that
the consolidated financial statements were prepared assuming we
will continue as a going concern and further states that the
continuing losses and uncertainty regarding the ability to make
the required minimum funding contributions to the pension plan as
well as the sinking fund payments on the Debentures and the
principal and interest payments on the Notes and the Debentures
raises substantial doubt about our ability to continue as a going
concern.  As a result, if the Company is unable to (i) obtain
additional liquidity for working capital, (ii) make the required
minimum funding contributions to the pension plan and (iii) make
the required principal and interest payments on the Notes and
Debentures, there would be a significant adverse impact on the
financial position and the operating results of the Company,"
according to the Company's annual report for the year ended
Dec. 31, 2012.


TRANS ENERGY: Presented at EnerCom's Oil & Gas Conference
---------------------------------------------------------
Chairman Steve Lucado and President John Corp presented on
Aug. 13, 2013, at EnerCom's The Oil & Gas Conference(R) 18 being
held at the Westin Denver Hotel located in Denver, Colorado.

The presentation focused on the company's development efforts in
the Marcellus Shale, specifically in Marion, Marshall, Tyler and
Wetzel counties in Northern West Virginia.  The presentation
covered the following topics:

   * General information about Trans Energy, Inc.
   * Discussion of drilling results
   * Production history and future drilling plans
   * Wet gas economics
   * SEC Reserves
   * Debt financing - Credit Agreement
   * Other information

A summary of the presentation made at EnerCom's Oil & Gas
Conference(R) 18 is availabe for free at http://is.gd/C28TWE

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

In its audit report on the Company's 2011 results, Maloney +
Novotny, LLC, in Cleveland, Ohio, noted that the Company has
generated significant losses from operations and has a working
capital deficit of $18.37 million at Dec. 31, 2011, which together
raises substantial doubt about the Company's ability to continue
as a going concern.

The Company's balance sheet at March 31, 2013, showed $85.10
million in total assets, $79.41 million in total liabilities and
$5.68 million in total stockholders' equity.


TUBE CITY: Moody's Says Privatization Could Be Credit Negative
--------------------------------------------------------------
Moody's Investors Service said that Tube City IMS Corporation's
ratings and outlook are not immediately impacted by plans for the
company to be taken private by year-end because the structure of
the transaction, including the terms and conditions of any related
financing, have not been announced. However, the transaction would
be credit negative if the majority of the expected cash
consideration is funded with debt.

Headquartered in Glassport, Pa., Tube City IMS Corporation
provides on-site steel mill services such as materials handling,
scrap management, metal recovery, and slag processing, and also
provides raw materials, logistics, and optimization services. The
company is publicly-traded, though private equity firm Onex
Corporation maintains significant ownership and board
representation.

On March 2, 2012, Moody's upgraded Tube City's Corporate Family
Rating and Probability of Default Rating to Ba3 from B1. Moody's
also assigned a B1 rating to the company's proposed $300 million
term loan facility due 2019.


UNITEK GLOBAL: Files Form 10-K, Incurs 77.7MM Net Loss in 2012
--------------------------------------------------------------
Unitek Global Services, Inc., filed with the U.S. Securities and
Exchange Commission on August 12 its annual report on Form 10-K
for the year ended Dec. 31, 2012.

The Company reported a net loss of $77.73 million on $437.59
million of revenues for the year ended Dec. 31, 2012, as compared
with a net loss of $9.13 million on $351.45 million of revenues
during the prior year.

The Company's balance sheet at Dec. 31, 2012, showed $326.40
million in total assets, $278.10 million in total liabilities and
$48.30 million in total stockholders' equity.

Following the completion of the previously announced internal
investigation conducted by the Audit Committee of the Company's
Board of Directors, UniTek has restated its financial results for
the interim periods ended March 31, 2012, June 30, 2012, and
Sept. 29, 2012, the fiscal year ended Dec. 31, 2011, and the
interim periods ended July 2, 2011, and Oct. 1, 2011.  The
restated financial results for these periods are included in the
2012 Form 10-K.

"Finalizing the restatements and our 2012 audit is a significant
event for UniTek.  This has been a challenging period for our
Company, and we continue to work towards final resolution of the
issues we have dealt with over the past several months with the
steadfast commitment of every member of our team," said Rocky
Romanella, chief executive officer of UniTek.  "With the filing of
the 2012 Form 10-K, we plan to complete our 2013 first and second
quarter filings as soon as possible so that we can return to a
normal reporting schedule."

Mr. Romanella continued, "Over the past four months, we conducted
a comprehensive assessment of the strengths and weaknesses of our
business and identified strategic actions and tangible process
improvements to strengthen the organization.  Over the next
several months, we plan to introduce a series of initiatives aimed
at better positioning UniTek to capture more of the untapped
potential in the markets we serve. Our goal is to more effectively
leverage the immense talent of our employees to deliver greater
value than ever to our customers and partners and to continue
building upon our uncompromising culture of integrity, flawless
execution and operational excellence.  We are proud of what we
have accomplished and are excited to begin the next phase of our
Company's development."

A copy of the Form 10-K is available for free at:

                         http://is.gd/AqCBrS

                    About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

                             *   *    *

As reported by the TCR on June 11, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Blue Bell, Pa.-
based UniTek Global Services Inc. to 'D' from 'CCC'.  "The
downgrade follows UniTek's announcement that it did not make
a scheduled interest payment on May 29, 2013, on its senior
secured term loan due 2018, which we consider to be a default
under our timeliness of payments criteria," said Standard & Poor's
credit analyst Michael Weinstein.

In the June 11, 2013, edition of the TCR, Moody's Investors
Service lowered UniTek Global Services, Inc.'s probability of
default and corporate family ratings to Ca-PD/LD and Ca,
respectively.  The Ca corporate family rating reflects UniTek's
missed interest payment on the term loan which is considered a
default under Moody's definition, the heightened possibility of
another default event, continued delays in the filing of restated
financials including the last two audits, management turnover, the
potential loss of the company's largest customer and other
business and legal risks stemming from issues at the company's
Pinnacle subsidiary.


UNIVERSITY GENERAL: Delays Q2 Form 10-Q, Audit Ongoing
------------------------------------------------------
University General Health System, Inc., has not yet completed its
financial statements for the year ended Dec. 31, 2012, due to an
ongoing audit and review of the accounting treatment of certain
non-operating items related to 2012 acquisitions and federal
income tax calculations.  The Company requires additional time to
complete the Form 10-K for the fiscal year ended Dec. 31, 2012,
and the Form 10-Q for the quarter ended June 30, 2013.  The
Company anticipates filing its Form 10-K and Form 10-Q as soon as
practicable.

                      About University General

University General Health System, Inc., located in Houston, Texas,
is a diversified, integrated multi-specialty health care provider
that delivers concierge physician- and patient-oriented services.
UGHS currently operates one hospital and two ambulatory surgical
centers in the Houston area.  It also owns a revenue management
company, a hospitality service provider and facility management
company, three senior living facilities and manages six senior
living facilities.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, Moss, Krusick &
Associates, LLC, in Winter Park, Florida, expressed substantial
doubt about University General's ability to continue as a going
concern.  The independent auditors noted that the Company has
suffered recurring losses and negative operating cash flows, and
has negative working capital.

University General reported a net loss of $2.38 million in 2011,
following a net loss of $1.71 million in 2010.

The Company's balance sheet, as restated, at Sept. 30, 2012,
showed $140.42 million in total assets, $128.38 million in total
liabilities, $3.22 million in series C, convertible preferred
stock, and $8.81 million in total equity.


UPH HOLDINGS: Has Until Sept. 23 to File Chapter 11 Plan
--------------------------------------------------------
The Hon. Tony M. Davis of the Bankruptcy Court for the Western
District of Texas extended UPH Holdings, Inc.'s exclusive periods
to file a Chapter 11 Plan until Sept. 23, 2013, and solicit
acceptances for that Plan until Nov. 22.

In a separate filing, the Debtors, TNCI Operating Company LLC as
buyer of the Debtors' assets, and the Centurylink Entities ask the
Court to attach Exhibit A to the agreed order regarding the
assumption and assignment of various executory contracts among one
or more of the Debtors and the Centurylink Entities.

Patricia B. Tomasco, Esq. -- ptomasco@jw.com -- at Jackson Walker
L.L.P. represent the Debtors.  Kurt F. Gwynne, Esq. --
kgwynne@reedsmith.com -- at Reed Smith LLP represented Qwest
Corporation doing business as Centurylink QC, Qwest Communications
Company, LLC dba Centurylink QCC; Central Telephone Company
Nevada dba Centurylink; and Centurytel of Washington, Inc., dba
Centurylink.

                      About UPH Holdings Inc.

UPH Holdings Inc. and several affiliates filed Chapter 11
petitions (Bankr. W.D. Tex. Lead Case No. 13-bk-10570) on
March 28, 2013.  Judge Tony M. Davis oversees the case.  Jennifer
Francine Wertz, Esq., and Patricia Baron Tomasco, Esq., at Jackson
Walker, L.L.P., serve as the Debtors' counsel.  Q Advisors, LLC
serves as financial advisors.  UPH Holdings disclosed $26,917,341
in assets and $19,705,805 in liabilities as of the Chapter 11
filing.

Other affiliates that sought Chapter 11 protection are: Pac-West
Telecomm, Inc.; Tex-Link Communications, Inc.; Unipoint Holdings,
Inc.; Unipoint Enhanced Services, Inc.; Unipoint Services, Inc.;
Nwire LLC; and Peering Partners Communications LLC (Case Nos.
13-10571 to 13-10577).

The Court authorized the Debtors: (i) sell substantially all of
its assets to TNCI Operating Company, LLC pursuant to an asset
purchase agreement dated July 3, 2013; and (ii) pay the net
proceeds of sale to Hercules Technology II, L.P.

Judy A. Robbins, the United States Trustee for Region 7, appointed
a five-member Official Committee of Unsecured Creditors in the
Chapter 11 cases of UPH Holdings, Inc., Pac-West Telecomm Inc.,
and their affiliated debtors.  The Committee tapped Kelley Drye &
Warren LLP as its counsel, and QSI Consulting, Inc. as its
financial advisor.


UTSTARCOM HOLDINGS: Incurs $2.1 Million Net Loss in 2nd Quarter
---------------------------------------------------------------
UTStarcom Holdings Corp. reported a net loss of $2.11 million
$47.74 million of net sales for the three months ended June 30,
2013, as compared with a net loss of $2.45 million on $56.46
million of net sales for the same period last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $7.10 million on $84.91 million of net sales, as compared
with a net loss of $7.17 million on $103.12 million of net sales
for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $422.61
million in total assets, $249.57 million in total liabilities and
$173.03 million in total equity.

"We are reasonably pleased with our overall results in the second
quarter of 2013," said Mr. William Wong, UTStarcom's president and
chief executive officer.  "The improvement in non-GAAP topline
performance, continued progress in lowering operating expenses and
our positive operating cash flow are collectively indicative of
the healthy trends in our underlying business.  Moreover, during
the quarter we continued to execute the strategic initiatives that
we launched late last year.  We made additional investment in iTV
Media to further expand that strategic partnership and we divested
non-strategic assets to streamline our value-added broadband
business, turning it into a niche and targeted line of business.
Furthermore, we launched a series of new product innovations that
deliver on UTStarcom's vision of 'simple network, simple
operation'.  Going forward, we expect that our balanced focus on
aggressively driving new strategic initiatives and continuing
investment in our streamlined and value-added broadband business
will enable us to deliver enhanced value to our shareholders."

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

                        http://is.gd/pN3Rm4

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom Holdings Corp. filed with the U.S. Securities and
Exchange Commission its annual report on Form 20-F disclosing
a net loss of $35.57 million on $186.72 million of net sales for
the year ended Dec. 31, 2012, as compared with net income of
$11.77 million on $320.57 million of net sales for the year ended
Dec. 31, 2011.


VAL-TEX ASPHALT: Case Summary & 5 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Val-Tex Asphalt & Environmental Recycling, Inc.
        24200 N FM 509
        Harlingen, TX 78550-2192

Bankruptcy Case No.: 13-10340

Chapter 11 Petition Date: August 23, 2013

Court: United States Bankruptcy Court
       Southern District of Texas (Brownsville)

Judge: Richard S. Schmidt

Debtor's Counsel: Allen M. DeBard, Esq.
                  LANGLEY & BANACK, INC.
                  745 E. Mulberry Ave., Suite 900
                  San Antonio, TX 78212
                  Tel: (210) 736-6600
                  E-mail: adebard@langleybanack.com

Scheduled Assets: $2,246,255

Scheduled Liabilities: $278,600

A copy of the Company's list of its largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/txsb13-10340.pdf

The petition was signed by Joe C. Ballenger, Sr., president.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Ballenger Construction Company         12-20645   12/07/12


VELATEL GLOBAL: Incurs $8.8 Million Net Loss in Second Quarter
--------------------------------------------------------------
Velatel Global Communications, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $8.88 million on $511,698 of revenue
for the three months ended June 30, 2013, as compared with a net
loss of $3.60 million on $740,945 of revenue for the same period
during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $15.77 million on $899,554 of revenue, as compared with a
net loss of $5.47 million on $740,945 of revenue for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $6.74 million
in total assets, $59.81 million in total liabiliteis and a $53.07
million total deficiency.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/JvT2qB

                       About VelaTel Global

VelaTel acquires spectrum assets through acquisition or joint
venture relationships, and provides capital, engineering,
architectural and construction services related to the build-out
of wireless broadband telecommunications networks, which it then
operates by offering services attractive to residential,
enterprise and government subscribers.  VelaTel currently focuses
on emerging markets where internet penetration rate is low
relative to the capacity of incumbent operators to provide
comparable cutting edge services, or where the entry cost to
acquire spectrum is low relative to projected subscribers.
VelaTel currently has project operations in People's Republic of
China, Croatia, Montenegro and Peru.  Additional target markets
include countries in Latin America, the Caribbean, Southeast Asia
and Eastern Europe.  VelaTel's administrative headquarters are in
Carlsbad, California.  See http://www.velatel.com/

Velatel Global incurred a net loss of $45.60 million on $1.87
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $21.79 million on $0 of revenue for the year
ended Dec. 31, 2011.

Kabani & Company, Inc., in Los Angeles, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company's viability is dependent upon its
ability to obtain future financing and the success of its future
operations.  The Company has incurred a net loss of $45,601,292
for the year ended Dec. 31, 2012, cumulative losses of
$298,347,524 since inception, a negative working capital of
$34,972,850 and a stockholders' deficiency of $36,566,868.  These
factors raise substantial doubt as to the Company's ability to
continue as a going concern.


VERTICAL COMPUTER: Incurs $226,330 Net Loss in 2nd Quarter
----------------------------------------------------------
Vertical Computer Systems, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss available to common stockholders of $226,330
on $1.45 million of total revenues for the three months ended
June 30, 2013, as compared with a net loss available to common
stockholders of $335,926 on $1.40 million of total revenues for
the same period during the prior year.

For the six months ended June 30, 2013, the Company reported a net
loss available to common stockholders of $657,828 on $2.79 million
of total revenues, as compared with a net loss available to common
stockholders of $672,658 on $2.79 million of total revenues for
the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.43 million
in total assets, $14.69 million in total liabilities, $9.90
million in convertible redeemable preferred stock, and a $23.16
million total stockholders' deficit.

A copy of the Form 10-Q is available for free at:

                        http://is.gd/rVEQu6

                       About Vertical Computer

Richardson, Tex.-based Vertical Computer Systems, Inc., is a
multinational provider of Internet core technologies, application
software, and software services through its distribution network
with operations or sales in the United States, Canada and Brazil.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, MaloneBailey, LLP, in
Houston, Texas, noted that the Company suffered net losses and has
a working capital deficiency, which raises substantial doubt about
its ability to continue as a going concern.

Vertical Computer disclosed a net loss of $1.31 million on $5.47
million of total revenues for the year ended Dec. 31, 2012, as
compared with a net loss of $167,588 on $6.27 million of total
revenues for the year ended Dec. 31, 2011.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing net losses and a working capital
deficiency, which raises substantial doubt about the Company's
ability to continue as a going concern.


VINTAGE CONDOMINIUM: Parkway Bank May Foreclose on Property
-----------------------------------------------------------
Bankruptcy Judge Daniel P. Collins gave his stamp of approval to a
stipulated order lifting the automatic stay in the Chapter 11 case
of Vintage Condominiums Development, LLC.

The stipulated order was entered into by the Debtor and its
secured creditor, Parkway Bank & Trust Company, and provides that:

   i) the automatic stay is vacated as to the Vintage property --
      real property located at 1303 West Juniper Avenue, Gilbert,
      Arizona -- the SCV property -- a vacant condominium project
      that previously had been apartments worth $1,300,000 which
      Scottsdale Condo Villas, LLC assert an interest -- and all
      personal property owned by the Debtor so as to permit
      Parkway to exercise all of its state law and contractual
      rights and remedies as to the property pending trustee's
      sale of the SCV property scheduled for Aug. 9 and the
      Vintage property for Aug. 16;

  ii) the cash collateral order and the second cash collateral
      order are vacated.

iii) the Debtor are authorized to pay these consultants: $1,500,
      to Mr. Dilley; $1,700 to Mr. Kirchoff and $1,500 to
      Kevin Owens, a final payment for their services within
      24 hours after entry of the stipulated order; and

  iv) Parkway to not oppose to the dismissal of the case.

Parkway, in its motion for relief of stay, noted that it has
provided Vintage with a line of credit loan in the maximum amount
of $14,058,750.  The amount due and owing to Parkway is not less
than $12,306,126 as of April 1, 2013.  The Debtor has defaulted on
its loan obligations.

Parkway said that the Debtor conceded that the Vintage Property
and the SCV Property are not essential for an effective
reorganization.

                     About Vintage Condominiums

Vintage Condominiums Development LLC, the owner of the Vintage
condominium development in Gilbert, Arizona, filed a petition
for Chapter 11 protection (Bankr. D. Ariz. Case No. 13-08431) on
May 17, 2013, three weeks after the state court appointed a
receiver at the behest of the secured lender.

The Vintage Condominiums complex has 107 units, approximately two
of which have been purchased by third-party buyers and
approximately 105 of which are currently owned by Vintage.

The lender Parkway Bank & Trust Co., owed $12.3 million, had a
receiver appointed after giving notice of default on April 12,
2013.  The Debtor disclosed $12,511,600 in assets and $23,956,587
in liabilities as of the Chapter 11 filing.

Ronald J. Ellett, Esq., at Ellett Law Offices, P.C., serves as
counsel to the Debtor.

Christopher R. Kaup, and J. Daryl Dorsey, Esq., at Tiffany & Bosco
P.A., represent secured creditor Parkway Bank & Trust Company.

The U.S. Trustee wasn't able to appoint a creditors committee
because an insufficient number of persons holding unsecured claims
against the Debtor have expressed interest in serving on a
committee.  The U.S. Trustee reserves the right to appoint such a
committee should interest develop among the creditors.


WASHINGTON MUTUAL: D&O Insurers Can Appeal Before Case Is Over
--------------------------------------------------------------
Law360 reported that a Delaware state judge on Aug. 23 allowed XL
Specialty Insurance Co. and other directors and officers insurers
to file an interlocutory appeal of her decision not to dismiss a
lawsuit from the Washington Mutual Inc. liquidating trust, which
is seeking to compel the companies to cover millions of dollars in
executives' defense costs.

According to the report, Delaware Superior Court Judge Mary M.
Johnston ordered that the insurers' appeal be certified to the
state Supreme Court while the case she is hearing in New Castle
County is still running.

                      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.

Records filed Jan. 24, 2012, say that Washington Mutual Inc.,
former owner of the biggest U.S. bank to fail, has spent
$232.8 million on bankruptcy professionals since filing its
Chapter 11case in September 2008.

In March 2012, the Debtors' Seventh Amended Joint Plan of
Affiliated, as modified, and as confirmed by order, dated Feb. 23,
2012, became effective, marking the successful completion of the
chapter 11 restructuring process.

The Plan is based on a global settlement that removed opposition
to the reorganization and remedy defects the judge identified in
September.  The plan is designed to distribute $7 billion.  Under
the reorganization plan, WaMu established a liquidating trust to
make distributions to parties-in-interest on account of their
allowed claims.


WATERSTONE AT PANAMA: Sept. 5 Hearing on Motion to Dismiss Case
---------------------------------------------------------------
The hearing on the motion filed by Lenox Mortgage XVIII LLC to
dismiss the Chapter 11 case of Waterstone at Panama City
Apartments, LLC, has been rescheduled to Sept. 5, 2013 at 10:00
a.m. at Omaha Courtroom-Telephonic Hearing.  Objections to the
motion are due by 12:00 p.m. on Aug. 29, 2013.  Affidavit evidence
is due by Sept. 3, 2013.

Omaha, Nebraska-based Waterstone at Panama City Apartments, LLC
filed for Chapter 11 protection (Bankr. D. Neb. Case No. 13-80751)
on April 9, 2013.  Bankruptcy Judge Timothy J. Mahoney presides
over the case.  William L. Biggs, Jr., Esq., at Gross & Welch,
P.C., L.L.O., represents the Debtor in its restructuring efforts.
The Debtor disclosed $26,159,064 in assets and $26,120,989 in
liabilities as of the Chapter 11 filing.  The petition was signed
by Edward E. Wilczewski, manager.


WATERSTONE AT PANAMA: Can Extend Disclosure Statement Filing
------------------------------------------------------------
Waterstone at Panama City Apartments, LLC, sought and obtained
permission from the U.S. Bankruptcy Court to extend the deadline
to file its disclosure statement until Sept. 12, 2013.

Omaha, Nebraska-based Waterstone at Panama City Apartments, LLC
filed for Chapter 11 protection (Bankr. D. Neb. Case No. 13-80751)
on April 9, 2013.  Bankruptcy Judge Timothy J. Mahoney presides
over the case.  William L. Biggs, Jr., Esq., at Gross & Welch,
P.C., L.L.O., represents the Debtor in its restructuring efforts.
The Debtor disclosed $26,159,064 in assets and $26,120,989 in
liabilities as of the Chapter 11 filing.  The petition was signed
by Edward E. Wilczewski, manager.


WESTERN PLAINS: To File Proposal Under Bankruptcy & Insolvency Act
------------------------------------------------------------------
Western Plains Petroleum Ltd. on Aug. 27 disclosed that it has
filed with the Office of the Superintendent of Bankruptcy, a
Notice of Intention to File a Proposal under Part III of the
Bankruptcy and Insolvency Act (Canada).  As a consequence of such
filing, any and all recourses of the Company's creditors are
stayed for an initial period of thirty (30) days, which may be
extended by the Court of Queen's Bench of Alberta.  The Company is
not currently in a position to meet the obligations owing to its
secured and unsecured creditors and as such, has taken this action
under the BIA as the most expeditious and economical manner of
addressing the interests of its creditors and allowing it to carry
on its operations.  The filing of the Notice of Intention was made
with the consent of the Company's lender, Canadian Western Bank,
which, as previously announced by the Company, has made demand
upon the Company for payment in full of its outstanding
indebtedness.

Western Plains expects to file a formal proposal under the BIA,
setting forth a comprehensive plan for payment to its creditors in
due course.  In connection with the foregoing, the Grant Thornton
Alger Inc., of Calgary, Alberta, has been named as proposal
trustee in the Notice of Intention, and in that capacity will
monitor and assist the Company in its restructuring efforts.

The filing of the Notice of Intention has the effect of imposing
an automatic stay of proceedings that will protect the Company and
its assets from the claims of creditors and others while the
Company pursues its restructuring efforts.  There can be no
guarantee that the Company will be successful in its restructuring
efforts.  Failure by the Company to achieve its restructuring
goals will likely result in the Company becoming bankrupt.

Trading will resume in the common shares of the Company on the TSX
Venture Exchange on Thursday, August 29th, 2013.

All inquiries regarding the BIA proceedings should be directed to
Nathan Bell of Grant Thornton at 403-260-2529 or
nathan.bell@ca.gt.com

               About Western Plains Petroleum Ltd.

Headquartered in Lloydminster, Alberta, Western Plains --
http://www.westernplainspetroleum.com-- is a junior heavy oil
producer with interests located in the Lloydminster area in both
Saskatchewan and Alberta.  The Company currently has three
directors.


WESTMORELAND COAL: J. Gendell Held 14.9% Equity Stake at Aug. 9
---------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Jeffrey L. Gendell and his affiliates
disclosed that as of Aug. 9, 2013, they beneficially owned
2,173,224 shares of common stock of Westmoreland Coal Company
representing 14.9 percent of the shares outstanding.  Mr. Gendell
previously reported beneficial ownership of 2,387,456 common
shares or 16.5 percent equity stake as of April 29, 2013.  A copy
of the amended regulatory filing is available at:

                       http://is.gd/xy5Y29

                      About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal incurred a net loss of $13.66 million in 2012, a
net loss of $36.87 million in 2011, and a net loss of $3.17
million in 2010.  The Company's balance sheet at March 31, 2013,
showed $943.01 million in total assets, $1.22 billion in total
liabilities and a $286.53 million total deficit.

                           *     *     *

As reported by the TCR on Nov. 6, 2012, Standard & Poor's
Ratings Services raised its corporate credit rating on Englewood,
Co.-based Westmoreland Coal Co. (WLB). to 'B-' from 'CCC+'.

"The upgrade reflects our view that WLB is less vulnerable to
default after successfully negotiating less restrictive covenant
requirements for an unrated $110 million term loan due 2018," said
credit analyst Gayle Bowerman.  "Our assessment of WLB's business
risk profile as 'vulnerable' and financial risk profile as 'highly
leveraged' are unchanged.  We also revised our liquidity score to
'adequate' based on the covenant relief and additional liquidity
provided under the company's new $20 million asset-based loan
(ABL) facility from 'less than adequate'."

Westmoreland Coal carries a Caa1 corporate family rating from
Moody's Investors Service.


YRC WORLDWIDE: Marc Lasry Held 17.7% Equity Stake at Aug. 7
-----------------------------------------------------------
In an amended Schedule 13G filing with the U.S. Securities and
Exchange Commission, Marc Lasry and his affiliates disclosed that
as of Aug. 7, 2013, they beneficially owned 2,214,724 shares of
common stock of YRC Worldwide Inc. representing 17.75 percent of
the shares outstanding.  Mr. Lasry previously reported beneficial
onwership of 207,136,050 common shares or 9.5 percent equity stake
as of Sept. 16, 2011.  A copy of the amended regulatory filing is
available for free at http://is.gd/rx4pz5

                         About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

After auditing the 2011 results, the Company's independent
auditors expressed substantial doubt about the Company's ability
to continue as a going concern.  KPMG LLP, in Kansas City,
Missouri, noted that the Company has experienced recurring net
losses from continuing operations and operating cash flow deficits
and forecasts that it will not be able to comply with certain debt
covenants through 2012.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $136.5 million on $4.85 billion of operating revenue, as
compared with a net loss of $354.4 million on $4.86 billion of
operating revenue during the prior year.  As of June 30, 2013, the
Company had $2.17 billion in total assets, $2.81 billion in total
liabilities and a $641.5 million total shareholders' deficit.

                           *     *     *

As reported by the TCR on Aug. 2, 2013, Moody's Investors Service
affirmed the rating of YRC Worldwide, Inc., corporate family
rating at Caa3.  The ratings outlook is has been changed to
positive from stable.

"The positive ratings outlook recognizes the important progress
that YRCW has made in restoring positive operating margins through
implementation of yield management initiatives, during a period of
stabilizing demand in the less than truckload ('LTL') segment,"
the report stated.

In August 2011, Standard & Poor's Ratings Services raised its
corporate credit rating on YRC Worldwide Inc. to 'CCC' from 'SD'
(selective default), after YRC completed a financial
restructuring.  Outlook is stable.

"The ratings on Overland Park, Kan.-based YRCW reflect its
participation in the competitive, capital-intensive, and cyclical
trucking industry," said Ms. Ogbara, "as well as its meaningful
off-balance-sheet contingent obligations related to multiemployer
pension plans." "YRCW's substantial market position in the less-
than-truckload (LTL) sector, which has fairly high barriers to
entry, partially offsets these risk factors. We categorize YRCW's
business profile as vulnerable, financial profile as highly
leveraged, and liquidity as less than adequate."


* BofA Suit Against FDIC on $1.7 Billion Loss Dismissed
-------------------------------------------------------
Sara Forden, writing for Bloomberg News, reported that Bank of
America Corp.'s lawsuit against the Federal Deposit Insurance
Corp. over $1.7 billion in investor losses was dismissed by a
federal judge.

According to the report, U.S. District Judge Barbara Rothstein in
Washington threw out the case, saying there weren't enough assets
to make any payments on general creditor claims.

Bank of America's claims, based on its role as trustee for Ocala
Funding LLC, "have no value and must therefore be dismissed
because no case or controversy exists," Rothstein wrote in her
decision on Aug. 27.

The case stems from a mortgage-fraud scheme at failed lender
Taylor, Bean & Whitaker Mortgage Corp, the report added.  From
2002 through August 2009, Lee Farkas, while he was chairman of
Taylor Bean, sold more than $1.5 billion in fake mortgage loans to
Colonial Bank with the collusion of its employees and diverted
more than $1.5 billion from Ocala Funding, a financing vehicle
Taylor Bean controlled.

Farkas is serving a 30-year sentence after being convicted in
April 2011 of 14 counts of conspiracy and bank, wire and
securities fraud in what prosecutors said was a $3 billion scheme
involving fake mortgage assets.


* JPMorgan Ordered to Pay Blavatnik $42.5MM over Mortgage Losses
----------------------------------------------------------------
Reuters reported that a New York state judge found JPMorgan Chase
& Co liable to Russian-American billionaire Leonard Blavatnik for
breach of contract for stuffing an investment account he held with
risky subprime mortgage securities, and ordered the bank to pay
more than $50 million of damages including interest.

According to the report, in a decision made public on Aug. 26, New
York State Supreme Court Justice Melvin Schweitzer ordered the
largest US bank to pay $42.5 million on the breach of contract
claim, plus 5 percent annual interest starting in May 2008.

The Manhattan judge also found JPMorgan was not liable for
negligence, the report related.  His decision was dated Aug. 21,
and came about seven months after a three-week, non-jury trial.

Blavatnik had sued JPMorgan in 2009 to recover more than $100
million that he said the New York-based bank lost on a roughly $1
billion investment by CMMF LLC, a fund created by his firm, Access
Industries Group, the report added.

The decision comes as JPMorgan faces a swirl of other litigation
and investigations, including into its handling of mortgage-
related businesses during the financial crisis, according to the
report.


* Law Group Didn't Red-Flag 1031 Buyer's Misdeeds, Jury Hears
-------------------------------------------------------------
Law360 reported that Silicon Valley Law Group failed to warn the
owners of a real-estate investment firm about a potential buyer's
fishy borrowing habits before he was convicted of a $126 million
Ponzi scheme, the firm's attorney told a jury in opening
statements in their malpractice case against the law group.

According to the report, SVLG and its high-ranking mergers &
acquisitions partner, Jim Chapman, should have told 1031 Advance
owners Janet Dashiell and Steven Allred that their top suitor,
Edward Okun, had been known to borrow money from the other
investment firms.

The case is McHale v. Silicon Valley Law Group, Case No. 3:10-cv-
04864 (N.D. Calif.) before Judge Joseph C. Spero.


* MERS Wins Dismissal of Minnesota Counties' Filings Suit
---------------------------------------------------------
Andrew Harris, writing for Bloomberg News, reported that Mortgage
Electronic Registration Systems Inc. won dismissal of a lawsuit
brought by Minnesota's Ramsey and Hennepin counties over claims
the use of MERS to avoid paying mortgage-assignment filing fees
violates state law.

According to the report, U.S. District Judge David S. Doty in
Minneapolis threw out the counties' complaint on Aug. 27, ruling
that state law doesn't require all transactions be recorded and
only mandates what happens if they aren't.

The applicable law says in part, "every conveyance of real estate
shall be recorded in the office of the county recorder of the
county where such real estate is situated; and every such
conveyance not so recorded shall be void as against any subsequent
purchaser in good faith and for a valuable consideration of the
same real estate, or any part thereof, whose conveyance is first
duly recorded," the report related.

"Nothing in the statute suggests -- either through text or
punctuation -- that the phrase shall be recorded is to be divorced
from the surrounding text," the judge said, the report further
related.

MERS, a unit of co-defendant Merscorp Holdings Inc., files
mortgages as the lenders' assignees or nominees to eliminate the
need to record assignments of the notes securing those loans when
they're sold.

The case is County of Ramsey v. Merscorp Holdings Inc., 13-cv-474,
U.S. District Court, District of Minnesota (Minneapolis).


* Fed Asks Judge to Leave Swipe Fee Rules During Appeal
-------------------------------------------------------
Andrew Zajac, writing for Bloomberg News, reported that the U.S.
Federal Reserve asked that its rules on debit-card transaction
fees and processing be left in place while it appeals a decision
that they are illegal.

Maintaining the regulations would provide stability in the debit
card marketplace while disagreements on rules are settled,
according to a court filing by the Fed in Washington, the report
related.

"If the regulations here were vacated by the District Court, there
would be no legally binding standards for determining the
permissible amount of interchange fees an issuer could receive
with respect to a debit card transaction and no limitations on
exclusive routing restrictions imposed by issuers and payment
networks on debit card transactions, lawyers for the Fed wrote,
the report said.

The Fed will ask the appeals court for an expedited appeal, and on
that basis, the central bank has the support of retailer groups
who sued to challenge the regulations, according to its filing on
Aug. 27.

''We'd rather there be no appeal, but if there's going to an
appeal, we'd want the existing rules to stay in place," said Craig
Shearman, vice president of the National Retail Federation, one of
the plaintiffs in the case. "Otherwise we'd be back to the wild,
wild west of no caps on swipe fees."


* Moody's Expects Continued Rates Hike for U.S. P&C Insurers
------------------------------------------------------------
Moody's expects US property and casualty (P&C) insurance rates to
continue to rise during the remainder of 2013 for the major
commercial lines, following significant rate increases for 2012,
says Moody's Investors Service in its special comment "US P&C
Insurance Pricing Generates Margin Expansion, Rate Needed in
Casualty."

The report is based on 2013 survey data from Moody's-rated
issuers. This increase would mark the third straight year of
rising rates for commercial carriers, says Moody's. These lines
include workers' compensation, commercial general liability,
professional liability, commercial auto, and commercial multiple
peril, which represented 28% of 2012 industry net premiums written
and 60% of carried loss and loss adjustment expense reserves as of
year-end 2012 for the industry.

"If the rate increases continue at the current pace and loss ratio
trends remain moderate, then commercial insurers' ex-catastrophe
underwriting margins will improve for the remainder of 2013 and
2014," said analyst Jasper Cooper. "We expect the combined ratios
to decline from about 106% in accident year (AY) 2012 to about
101.5% for AY 2013 and further drop to about 97% for AY 2014 if
current trends hold."

Moody's notes that commercial insurers expect average rate
increases of about 7.5% for policies written in 2013, which is up
from an increase of 6.5% for 2012 and 2.5% for 2011 for the five
major liability lines. The survey by Moody's also found that
companies indicated a reduced appetite for taking on risk, which
could help sustain future rate improvement as they anticipate
slightly higher severity trends and exposure trends for 2013 and
2014.

Despite reduced risk appetite, some insurers have reported a
modest slowing of rate increases in certain lines of business,
most notably commercial property which is not surprising given
three years of significant rate increases. Moody's notes that
predicting an inflection point in the market is elusive; however,
given still low interest rates and low -- but improving - accident
year profitability, rate increases are likely to be sustained over
the medium term but not accelerate from current levels given ample
capacity.

Workers' compensation (WC), one of the most problematic lines in
recent years, has seen steady declines in accident year combined
ratios to 107.5% in 2012 from about 118% in 2010, and the ratio is
expected to decline even further to about 101% in 2013 as a result
of rate increases continuing to outpacing loss ratio trends.
However, operating returns on surplus are still low relative to
target returns, and further rate increases are needed given the
line's sensitivity to still low new money rates and lower reserve
releases on older accident years.


* S&P Says Municipal Mortgage-Seizure Plan Would Hurt Bond Grades
-----------------------------------------------------------------
Jody Shenn, writing for Bloomberg News, reported that Standard &
Poor's probably will demand greater protections for investors when
mortgage bonds are backed by loans to homeowners in jurisdictions
that use eminent domain to seize debt to help borrowers.

According to the report, the use of eminent domain, such as
contemplated by Richmond, California, would create an "additional
risk of default," as well as require different assumptions on the
size of per-loan losses, S&P analysts James Taylor and Sharif
Mahdavian said on Aug. 27 in a report. The ratings firm would
likely require more credit support, or protection such as some
classes of deals taking losses before others, they wrote.

"The comparative decline in value for mortgages in jurisdictions
that have employed eminent domain would likely make
securitizations more speculative," the New York-based analysts
said, the report related.  "We would expect this to translate into
a higher mortgage rate and/or fewer credit opportunities for
borrowers in those jurisdictions."

Richmond is furthest along in considering using its eminent domain
powers in such a way, which is being advocated by Mortgage
Resolution Partners LLC and studied by about a dozen
municipalities, according to data compiled by Bloomberg. S&P's
statement on its potential reaction if the effort progresses
follows the ratings company's response in 2003 to a predatory-
lending law in Georgia with a refusal to grade bonds with home
loans in the state.


* Poll Shows Many Small Business Owners Burdened by Debt
--------------------------------------------------------
A Wells Fargo/Gallup Small Business Index poll from the spring of
2013 shows that, despite increasing optimism about the general
business environment, many small business owners feel they are
carrying too much debt for their company to successfully manage.
When debt becomes too large to handle and a business owner needs
help to recover his or her financial footing, filing for Chapter
11 bankruptcy, or even liquidating the business in Chapter 7
bankruptcy, may be a wise decision.

Survey Reveals Concern Over Small Business Debt

In the second quarter of 2013, a randomly selected group of 603
small business owners was surveyed by the Wells Fargo/Gallup Small
Business Index, which has been surveying small business owners
since 2003. As reported by Gallup, the results revealed that more
than a third of small business owners in the nation -- 36 percent
-- are either "somewhat uncomfortable" or "very uncomfortable"
with the amount of business debt they have.

More information from the poll shows that:

     -- 76 percent of small business owners have carried debt
        to support their businesses.

     -- 20 percent of small business owners reported that
        they have more debt than one year ago.

     -- 49 percent of small business owners said it is extremely,
        very, or somewhat difficult to reduce their current
        business debt load.

Reduce or Eliminate Business Debt through Bankruptcy

When a business is carrying too much debt, filing for bankruptcy
can help. Some business owners may feel that, by filing for
bankruptcy with their business, they have failed and shouldn't try
again. However, that simply is not true.

Gallup reported statistics from the U.S. Small Business
Administration showing that about half of all small businesses
fail within the first five years of operating. Many of these
business owners learn valuable lessons from the experience. Those
lessons aren't lost; they're applied to future businesses,
businesses which likely have a greater likelihood of success.
And besides, bankruptcy itself does not necessarily mean the end
of the business.

When a business has an unmanageable amount of debt but is
otherwise strong and financially viable, reorganizing the debt
through Chapter 11 bankruptcy can help the business weather the
temporary debt storm and move on to a brighter future. When it
seems the business will not ever be able to operate profitably,
however, it may be more beneficial to liquidate the business
through Chapter 7 bankruptcy.


* Epiq Systems Closes $400 Million Senior Credit Facility
---------------------------------------------------------
Epiq Systems, Inc., has closed a new $400 million senior secured
credit facility.  The facility includes a $100 million revolver
due August 2018 and a $300 million term loan with a maturity of
August 2020.  The new facility will be used to refinance existing
indebtedness and provide greater capital flexibility in support of
strategic growth.

KeyBank National Association, PNC Bank National Association and
Silicon Valley Bank served as joint lead arrangers for the new
facility.

Tom W. Olofson, chairman and CEO of Epiq Systems stated, "The new
credit facility provides Epiq with increased capital flexibility
for future potential strategic opportunities to enhance growth and
build shareholder value."

Kansas City, Kansas-based Epiq Systems, Inc. (NASDAQ: EPIQ),
provides technology-enabled solutions for electronic discovery,
bankruptcy and class action administration.  It offers full-
service capabilities to support litigation, investigations,
financial transactions, regulatory compliance and other legal
matters.

For more information:

         Lew Schroeber
         Investor Relations
         Tel: 913-621-9500
         E-mail: ir@epiqsystems.com
                 http://www.epiqsystems.com/


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Aug. 22-24, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Southwest Bankruptcy Conference
         Hyatt Regency Lake Tahoe, Incline Village, Nev.
            Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 3-5, 2013
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         Marriott Wardman Park, Washington, D.C.
            Contact: http://www.turnaround.org/

Nov. 1, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      NCBJ/ABI Educational Program
         Atlanta Marriott Marquis, Atlanta, Ga.
            Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2, 2013
   BEARD GROUP, INC.
      20th Annual Distressed Investing Conference
          The Helmsley Park Lane Hotel, New York, N.Y.
          Contact: 240-629-3300 or http://bankrupt.com/

Dec. 5-7, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Terranea Resort, Rancho Palos Verdes, Calif.
            Contact: 1-703-739-0800; http://www.abiworld.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.



                            *********

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., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2013.  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 $975 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 Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


                  *** End of Transmission ***