TCR_Public/130829.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Thursday, August 29, 2013, Vol. 17, No. 239

                            Headlines

ABSORBENT TECHNOLOGIES: Gets OK to Incur Add'l. $100,000 Loan
ADI THERMAL: Voluntary Chapter 11 Case Summary
AGFEED INDUSTRIES: Unit Goes to Company Trio in $79.2MM Bid
ALICE.COM: E-Commerce Retailer Goes Into Receivership
ALVARION LTD: Asks Court to Approve Sale of Certain Assets

AMERICAN ROADS: Has Final Court Authority to Use Cash Collateral
AMERICAN ROADS: U.S. Trustee Unable to Appoint Creditors' Panel
AMERICAN ROADS: Has Court OK to Employ Cleary Gottlieb as Counsel
AMERICANWEST BANCORP: Obtains Confirmation of Chapter 11 Plan
AMERIGO ENERGY: Had $308,000 Net Loss in Second Quarter

ANCHOR BANCORP: Taps Kurtzman Carson as Notice Agent
ANGUS PETROLEUM: Law Firm Loses Appeal to Represent Client
ARCHDIOCESE OF MILWAUKEE: Ordered to Release Cemetery Docs
ARCHDIOCESE OF MILWAUKEE: Seeks to Sell Wisconsin Property
ARCHDIOCESE OF MILWAUKEE: Defends Bid for Future Claimants Rep.

ATLANTIC COAST: Stockholders Elect Three Directors
B-BAR TAVERN: Bankr. Court Denied PMB's Summary Judgment Bid
BAKERSFIELD GROVE: Case Dismissal Hearing Continued Until Oct. 17
BATE LAND: Seeks to Employ Oliver Friesen as Counsel
BATE LAND: Sec. 341(a) Meeting Continued to Sept. 18

BATE LAND: Files Schedules of Assets and Liabilities
BATS GLOBAL: Merger Prompts Moody's to Assign Positive Outlook
BERNARD L. MADOFF: Customers Capitulate, Pay Back $97.8 Million
BONDS.COM GROUP: To Hold a Triennial Vote on Exec. Compensation
BOREAL WATER: Reports $45,000 Net Loss in Second Quarter

BOULDER ONE: Case Summary & Unsecured Creditor
BRECKENRIDGE EDISON: Court Lifts Stay on Lawsuit v. Sheraton
BROWNSVILLE MD: Files for Chapter 11 in Texas
BROWNSVILLE MD: Case Summary & 13 Unsecured Creditors
CAPMARK FINANCIAL: Settlement With WF Kept Entirely Secret

CASPIAN ENERGY: Debenture Holders Extend Default Cure Period
CASPIAN SERVICES: Incurs $3.5 Million Net Loss in 2nd Quarter
CENGAGE LEARNING: Creditors Seek to Sue Over Copyright Claims
CENTENNIAL BEVERAGE: Gets Approval to Tap BYGH as Tax Consultant
CHESAPEAKE CAR WASH: Case Summary & 2 Unsecured Creditors

CHOICE CABLE: Term Loan Increase No Impact on Moody's B2 CFR
CLINTONDALE COMMUNITY: Moody's Keeps Ba3 Debt Rating; Outlook Neg
COCHRAN AVENUE: Case Summary & 20 Largest Unsecured Creditors
COINMACH SERVICE: S&P Raises CCR to 'B' & Removes from Creditwatch
COMMUNITY HOME: Plan Ballots Due Sept. 10

CRAWFORDSVILLE LLC: Exclusive Filing Period Extended Until Dec. 2
DATAJACK INC: Reports $640,000 Net Loss in Second Quarter
DAVE'S DETAILING: Case Summary & 20 Largest Unsecured Creditors
DEFOOR STATION: Case Summary & 15 Largest Unsecured Creditors
DETROIT, MI: Bankruptcy Judge Says Pension Protests Are Premature

DETROIT, MI: Eligibility Trial Divided Into Two Phases
DETROIT, MI: State Judge to Rule on Open-Meetings Compliance
DETROIT, MI: First Mediation Session Set for Aug. 29
DHS DEVELOPMENT: Case Summary & 2 Unsecured Creditors
DOLPHIN DIGITAL: To Restate Previously Filed Periodic Reports

DTF CORP: Sept. 9 Status Conference on Competing Plans
EASTMAN KODAK: Asks Court to Establish Admin. Claims Bar Date
EL FARMER: Wants Access to Cash Collateral Until October 31
EL FARMER: PR Asset Portfolio Objects to Disclosure Statement
ENDICOTT INTERCONNECT: Sept. 19 Bid Deadline for Bankr. Sale

ENDICOTT INTERCONNECT: Can Use Cash Collateral Thru Sept. 13
ENDICOTT INTERCONNECT: Wants to Tap Bond Schoeneck as Counsel
ENGILITY CORPORATION: Moody's to Remove Ba3 CFR; Ba2 Debt Ratings
ESP RESOURCES: Incurs $2 Million Net Loss in Second Quarter
FERRAIOLO CONSTRUCTION: Confirms Plan of Reorganization

FIRST STREET: Appointment of James Lowe as Trustee Approved
FIRST STREET: Ch.11 Trustee Hires Gabrielson as Accountant
FIRST STREET: Ch.11 Trustee Hires Joseph & Cohen as Counsel
FOUR CORNERS: Voluntary Chapter 11 Case Summary
FREESEAS INC: Issues Add'l 1.2MM Settlement Shares to Hanover

GENMAR HOLDINGS: 8th Cir. Upholds Judgment Against Calandrillo
GLW EQUIPMENT: Files Chapter 11 Petition in Minneapolis
GLW EQUIPMENT: Voluntary Chapter 11 Case Summary
GMX RESOURCES: Unveils Results of August 28 Bankruptcy Auction
GMX RESOURCES: Objections to Sale Filed, Seal Approval Sought

GREEKTOWN HOLDINGS: Releases Limited After Plan Confirmation
GREGORY & PARKER: Can Use GACAP and Regions Cash Collateral
GREGORY PARKER: GACAP Opposes Approval of GPI's 2nd Amended Plan
HAMPTON LAKE: Can Hire Driggers Commercial Group as Appraiser
HARRISBURG, PA: To Restructure Debt Outside of Bankruptcy

HAWAII OUTDOOR: Bank Willing to Allow Further Use Its Cash
HEALTH NET: Moody's Affirms Ba3 Sr. Debt Rating; Outlook Positive
HEALTHWAREHOUSE.COM INC: Four Directors Elected to Board
HERITAGE CONSOLIDATED: Court OKs Cash Collateral Use Until Aug. 31
HERON LAKE: Releases Preliminary Results for May and June

HORIYOSHI WORLDWIDE: Had $352,000 Net Loss in Second Quarter
HOSTESS BRANDS: Hackman Capital Partners Sweeps Up Assets
IMH FINANCIAL: May Swap $20MM Notes for 2.5MM Common Shares
INFUSYSTEM HOLDINGS: ISS and Glass Lewis Change Recommendations
IPC INTERNATIONAL: Assets to Be Auctioned on Oct. 2

IPC INTERNATIONAL: US Trustee Balks at Bonus Plan
IPC INTERNATIONAL: Taps Silverman Consulting as Financial Advisor
IPC INTERNATIONAL: Employs Kurtzman Carson as Claims & Admin Agent
IRISH BANK RESOLUTION: Files Chapter 15 in Delaware
IZEA INC: Reports 42.5% Increase in Revenues for Q2 2013

JACKSONVILLE BANCORP: Fourth Amendment to 10MM Shares Prospectus
JERRY'S NUGGET: May Expand Scope of William Kimmel's Employment
KB HOME: Fitch Affirms 'B+' Issuer Default Rating, Outlook Stable
LANDAUER HEALTHCARE: Taps Young Conaway as Local Delaware Counsel
LANDAUER HEALTHCARE: Taps Epiq as Claims Agent & Admin. Advisor

LATTICE INC: Amends Second Quarter Form 10-Q
LEHMAN BROTHERS: Sues SAP Founder for 100 Million Euros
LIGHTSQUARED INC: Seeks Court Approval of Plan Outline
LOCATION BASED TECHNOLOGIES: Issues $1 Million Promissory Note
LONE STAR: Voluntary Chapter 11 Case Summary

LSB INDUSTRIES: S&P Assigns 'B+' Corp. Credit Rating
MAXCOM TELECOMUNICACIONES: Can Employ Lazard as Investment Banker
MAXCOM TELECOMUNICACIONES: Has Authority to Tap Alfaro as Advisor
MAXCOM TELECOMUNICACIONES: Has Court OK to Tap GCG as Admin. Agent
MINT LEASING: Reports $1.3 Million Net Loss in Second Quarter

MOMENTIVE PERFORMANCE: C. Morrison Assumes Unit President Role
MOUNTAIN PROVINCE: Files Updated Mineral Estimate for Gahcho Kue
N-VIRO INTERNATIONAL: Incurs $443,700 Net Loss in 2nd Quarter
NATIONAL AUTOMOTIVE: A.M. Best Lowers FSR to ' D(Poor)'
NATIONAL ENVELOPE: Panel Objects to FC Meyer Motion to Reconsider

NEAL STUBBS: Case Summary & 13 Unsecured Creditors
NEW ENERGY: Gets Okay to Use Cash Collateral Until Oct. 20
NMP-GROUP: Files Liquidation Plan, Proposes 100% Claims Recovery
NORD RESOURCES: Board Has Power to Set Number of Directors
NORSE ENERGY: May Drop Effort to Sell Drilling Rights

OCALA FUNDING: $1.75-Bil. Suit vs. FDIC Receiver Dropped
OMNICARE INC: S&P Assigns 'BB' Rating to $424MM Convertible Debt
OMTRON USA: Case Converted to Ch.7; Allman Tapped as Trustee
OSAGE EXPLORATION: P. Hoffman Held 4.3% Equity Stake at May 17
PALM BEACH FINANCE: GECC Temporarily Defeats Most Fraud Claims

PATRIOT COAL: Duff & Phelps to Provide Reconciliation Services
PENSON WORLDWIDE: Settles BDO Seidman Margin Loan Suit for $6.5MM
PICCADILLY RESTAURANT: Court Terminates Plan Exclusivity
PILGRIM'S PRIDE: Wins Reversal of Chicken Price-Fixing Award
PIONEER FREIGHT FUTURES: Given Chapter 15 Protection

PLAYBOY ENTERPRISES: S&P Lowers CCR to 'CCC+'; Outlook Developing
POSITIVEID CORP: Amends Second Quarter Form 10-Q
PROVIDERX OF GRAPEVINE: Unit May Not Avoid Patent Applications
PURIFIED RENEWABLE: Minn. Ethanol Plant Lands $5MM Credit Bid
RESIDENTIAL CAPITAL: Examiner Seeks Discharge From Duties

RESIDENTIAL CAPITAL: Seeks to Establish Plan Confirmation Protocol
RESIDENTIAL CAPITAL: Plan Revised to Modify Claims Estimate
RESIDENTIAL CAPITAL: Wants to Assume, Assign Syncora-Insured Deals
REUTAX AG: Bankruptcy Judge Shields German IT Firm's US Assets
REYNOSO VINEYARDS: Cloverdale, Calif. Vineyard in Chapter 11

REYNOSO VINEYARDS: Sec. 341 Meeting Slated for Sept. 27
REYNOSO VINEYARDS: Case Summary & 6 Unsecured Creditors
RG STEEL: Obtains Approval to Hire APS International as Agent
ROBERTS HOTELS: Bank of America Seeks Case Dismissal
ROTECH HEALTHCARE: Found Insolvent, Equity Committee Disbanded

SAN BERNARDINO, CA: Judge Streamlines Ch. 9 Eligibility Contest
SECURITY NATIONAL: Can Access Lenders' Cash Until September 30
SECURITY NATIONAL: Has Interim OK for $3-Mil. Unsecured Financing
SECURITY NATIONAL: Lease Decision Period Extended Until Sept. 30
SEMGROUP LP: 3rd Circ. Revives Property Rights Claims in Semcrude

SENTINEL MANAGEMENT: BNY Mellon Victim of Judges' Self-Reversal
SHAMROCK-HOSTMARK: Can Use GECC's Cash Collateral Until Aug. 31
SHAMROCK-HOSTMARK: Disclosure Statement Hearing Moved to Sept. 25
SIMON WORLDWIDE: Amendment 3 to 23.8MM Shares Rights Offering
SOUTH FLORIDA SOD: Seeks OK of John Moore as Special Counsel

SOUTH FLORIDA SOD: Intends to Sell Georgia Property
STACY'S INC: Metrolina Buys Assets After Bank Settlement
STACY'S INC: Has Access to Cash Collateral Until Aug. 30
STI INFRASTRUCTURE: S&P Assigns 'B' Corporate Credit Rating
TAYLOR BEAN: FDIC 'No Value' Ruling Blocks BofA's $1.7B Suit

TEMSCO NC: Voluntary Chapter 11 Case Summary
THOMPSON NAT'L: Strategic Realty Responds to Ex-Advisor's Claims
TOMSTEN INC: Plan Filing Exclusivity Extended Through Nov. 25
TOMSTEN INC: Can Employ Ravich Meyer as Attorneys
UNIFIED 2020: Court Okays Appointment of Daniel Sherman as Trustee

UNIFIED 2020: Ch. 11 Trustee Hiring Rochelle McCullough as Counsel
UNIFIED 2020: Hearing to Approve Disclosure Statement on Sept. 24
UNIVALA CORP: incurs $336,900 Net Loss in Second Quarter
UPTOWN BUSINESS: Case Summary & Unsecured Creditor
VALENCE TECHNOLOGY: Berg & Berg to Acquire Biz Under Ch.11 Plan

VISION INDUSTRIES: Incurs $1.4 Million Net Loss in 2nd Quarter
WEST 380: City of Bridgeport Opposes Conversion, OKs Dismissal
WESTERN PLAINS: Files Financial Results for Second Quarter 2013
WINDMILL DURANGO: Wants to Use Bank of Nevada Cash Collateral
WINDMILL DURANGO: Seeks OK to Hire Larson & Zirzow as Counsel

WINTDOTS DEVELOPMENT: Court Denies Confirmation of Amended Plan
WINTDOTS DEVELOPMENT: Kennedy Funding Wins Relief From Stay
WOOTEN GROUP: Court Approves Accord Resolving Case Conversion Bid

* Fraudulent-Transfer Suit Remains in Bankruptcy Court
* Banker Pleads Guilty in TARP Funds Case
* U.S. Banks' Legal Bills Exceed $100 Billion

* FHFA Said to Seek $6 Billion Minimum in JPMorgan Talks
* "London Whale" Penalties Put at $500 Million to $600 Million
* Fitch Sees Improvement in Earnings Outlook for Life Insurers

* Allen Matkins Promotes Six Associates to Senior Counsel
* AmeriBid's Workman to Serve as TMA Conference Committee Member

* Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ABSORBENT TECHNOLOGIES: Gets OK to Incur Add'l. $100,000 Loan
-------------------------------------------------------------
The Hon. Randall L. Dunn of the U.S. Bankruptcy Court for the
District of Oregon authorized Absorbent Technologies, Inc., to
complete funding in the amount of $100,000 of a total of
$1,000,000 of borrowing.

The lenders and the Debtor have agreed to the lenders funding at
the time, from the $1,000,000 commitment under the second order,
an additional $100,000 in credit to the Debtor, to enable the
Debtor to fund its costs of administration and operations through
Aug. 31, 2013, or pending the funding of a third loan, whichever
occurs first.

As reported in the Troubled Company Reporter on July 11, 2013, the
Debtor sought authority to obtain postpetition loans of up to
$1.7 million from Absorbent Acquisitions, Inc., a proposed new
company.

To recall, the Debtor already filed two earlier requests for
authority to borrow funds -- first from Joseph A. Nathan living
trust ua dtd 12/30/1996, Joseph A. Nathan trustee, then jointly
from Nathan and United Phosphorus Inc.  The proceeds from the AAI
loan would be used to repay $950,000 owed on the second loan.

The DIP Loans are secured by first priority security interests in
and liens on all of the Debtor's intellectual property, and
accrues at the interest rate of 8% per annum.

Gary Underwood Scharff, Esq., at the Law Office of Gary Underwood
Scharff, in Portland, Oregon, relates that the Debtor has
communicated with Nathan and United Phosphorus Limited, parent to
UPI, concerning the parties participating with an investor group,
Live Oak Group, LLP, in forming a new company to acquire the
Debtor's assets.  AAI, the proposed new company, has been formed
and is awaiting capitalization of approximately $30 million to
$35 million expected to arrive by July 2013.  Subject to certain
conditions acceptable to the proposed investors in AAI, that
capital would be used to fund the $1.7 million DIP Financing
facility and provide cash as part of the consideration for AAI's
acquisition of substantially all of the Debtor's assets, Mr.
Scharff says in court papers.  The proposed asset sale would occur
in connection with a liquidating Chapter 11 plan that would
compensate creditors and provide additional cash to assume leases
and resume operations to capitalize on the Zeba(R) product after
bankruptcy.  The Debtor anticipates consummation of the proposed
sale to AAI within 45-60 days.

                      Absorbent Technologies

Absorbent Technologies, Inc., filed a Chapter 11 petition (Bankr.
D. Ore. Case No. 13-31286) on March 8, 2013, without citing a
reason.  David C. Moffenbeier signed the petition as CEO.  Judge
Trish M. Brown presides over the case.  The Law Office of Gary U.
Scharff serves as the Debtor's counsel.  The Debtor is also
represented by Heather A. Brann, Esq., at Heather A. Brann, PC, in
Portland, Oregon.

The Beaverton, Oregon-based company develops, produces, and
markets starch-based superabsorbent products and ingredients in
the United States and internationally.  It offers Zeba, a corn
starch-based polymer that helps farmers grow bigger crops with
less water.  Placed near a plant's roots, Zeba serves as a Grape
Nut-sized sponge that holds and distributes water as a plant needs
it.

The Debtor estimated assets and debts of at least $10 million.
The Debtor has a manufacturing facility at 140 Queen Avenue SW,
Albany, Oregon.

Fluffco LLC and Ephesians Equity Group LLC own equity interests in
privately held Absorbent Technologies.

The Debtor is seeking a buyer for its assets and property.

The U.S. Trustee formed a four-member committee of unsecured
creditors.  Green & Markley, P.C. represents the Committee.


ADI THERMAL: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: ADI Thermal Power Corp.
        19501 144th Avenue NE, #D-300
        Woodinville, WA 98072

Bankruptcy Case No.: 13-17744

Chapter 11 Petition Date: August 26, 2013

Court: U.S. Bankruptcy Court
       Western District of Washington (Seattle)

Debtor's Counsel: Jeffrey L. Smoot, Esq.
                  HIGHPOINT LAW GROUP, PLLC
                  1725 SW Roxbury Street, Suite 2
                  Seattle, WA 98106-2752
                  Tel: (206) 999-8375
                  E-mail: highpointlawgroup@gmail.com

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

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

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

The petition was signed by Wayne Bliesner, president.


AGFEED INDUSTRIES: Unit Goes to Company Trio in $79.2MM Bid
-----------------------------------------------------------
Law360 reported that bankrupt hog farmer AgFeed Industries Inc.
announced a new buyer for its U.S. operations as a collection of
companies combined to overtake the stalking horse bidder at
auction with an offer valued at $79.2 million.

The offer from High Plains Pork LLC, Cohoma Pork LLC and Murphy-
Brown LLC was tapped as the winner at a Monday auction, edging out
stalking horse The Maschhoffs LLC, according to a notice filed in
Delaware bankruptcy court, the report related.

                      About Agfeed Industries

AgFeed Industries, formerly known as M2 P2, LLC, is an
international agribusiness with operations in the U.S. and China.
AgFeed has two business lines: animal nutrition in premix,
concentrates and complete feeds and hog production.  In the U.S.,
AgFeed's hog production unit, M2P2, is a market leader in setting
new standards for production efficiency and productivity.  AgFeed
believes the transfer of these processes, procedures and
techniques will allow its new Western-style Chinese hog production
units to set new standards for production in China.  China is the
world's largest pork market consuming 50 percent of global
production and over 62 percent of total protein consumed in China
is pork.  Hog production in China currently enjoys income tax free
status.

AgFeed Industries, Inc., and its affiliates filed voluntary
petitions under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 13-11761) on July 15, 2013, with a deal to sell most of
its subsidiaries to The Maschhoffs, LLC, for cash proceeds of $79
million, absent higher and better offers.  The Debtors estimated
assets of at least $100 million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.   BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.


ALICE.COM: E-Commerce Retailer Goes Into Receivership
-----------------------------------------------------
JSOnline reports that Alice.com, a Madison, Wisconsin-area e-
commerce retailer that received millions from early-stage
investors, has filed for receivership, a state court proceeding
similar to bankruptcy.

Just two years ago, Alice employed 31 people at its Middleton
headquarters and another 42 at a distribution center in
Indianapolis, according to JSOnline.

Launched in 2008 by a pair of Internet entrepreneurs who sold a
previous venture to Microsoft for a reported $50 million, Alice
built its business on a model that let manufacturers sell such
ordinary household goods as detergent and toilet paper directly to
consumers, the report notes.  Alice sought to profit by selling
customer information to manufacturers, placing coupons with
consumers and gaining fees from distributing free samples, the
report relates.

JSOnline discloses that the company won favor with investors, who
put some $18 million into Alice over a few years.  One of the more
recent infusions came in early 2012, when a group from Spain
invested $3.6 million after Alice had merged with a Spanish
company called Koto.com, JSOnline says.

The report discloses that the receivership, which is going forward
in Dane County, actually comprises two cases - one for Alice and
another for its holding company.

In its petition for receivership, Alice lists $1.4 million in
assets -- mostly inventory -- and $7.6 million in liabilities. The
great majority of the debt, $6.7 million, is owed to the holding
company, according to the document, the report relays.

The report says that the holding company's petition lists assets
of $7.3 million, including the $6.7 million owed by Alice, and
$5.8 million in debt.  The holding company says, however, that the
fair value of its assets falls short of its liabilities, the
report notes.

Milwaukee attorney Michael S. Polsky has been appointed recevier.


ALVARION LTD: Asks Court to Approve Sale of Certain Assets
----------------------------------------------------------
Alvarion(R) Ltd., a global provider of optimized wireless
broadband solutions addressing the connectivity, coverage and
capacity challenges of public and private networks, disclosed that
Mr. Yoav Kfir, the court-appointed Receiver, submitted a motion to
the District Court of Tel Aviv - Yaffo requesting the Court to
approve the sale of the Company and certain assets to Valley
Telecom Ltd.

Valley Telecom offered to buy the Company's assets and activity,
excluding its patents, for an immediate payment of $1.5 million,
plus milestone payments of a minimum of $1.8 million payable
within 12 months.  Additional payments, above the guaranteed $1.8
million, will be received, subject to the sale by Valley Telecom
of the Company's existing inventory and the collection of accounts
receivables.  The court-appointed Receiver expects the value of
these assets, and consequently the milestone payments to be
received from Valley Telecom, to be higher than the minimum agreed
payment of $1.8 million.

Separately, Valley Telecom offered to pay $0.5 million for newly-
issued shares representing 75% of the Company's outstanding
ordinary shares.  Under the terms of the offer, the court-
appointed Receiver will receive newly-issued shares representing
15% of the Company's outstanding ordinary shares, while the
Company's existing ordinary shares (total of approximately 9.3
million shares) will be diluted to represent 10% of the Company's
outstanding ordinary shares.

Of the four offers submitted during the bidding process, the
court-appointed Receiver believes that the offer made by Valley
Telecom is the superior one and is therefore asking the Court to
approve it, or alternatively schedule an emergency hearing on the
matter, to be held by August 29, 2013.

In addition, the court-appointed Receiver will continue his
efforts to separately sell the Company's patents.  To date, an
offer has already been received from Wi-LAN Inc. to acquire the
Company's patents for approximately $0.6 million.

The court-appointed Receiver estimates that these offers will
enable the repayment of approximately 50% of the Company's debt
that, based on information received by the court-appointed
Receiver from the Company, amounts to a total of $23 million.

Separately, the Court granted the court-appointed Receiver's
motion submitted on August 22, 2013, to extend the Company's
operating plan until August 30, 2013, to allow the continued
business operation of the Company.

                           About Alvarion

Alvarion Ltd. (in Receivership) -- http://www.alvarion.com/--
provides optimized wireless broadband solutions addressing the
connectivity, coverage and capacity challenges of telecom
operators, smart cities, security, and enterprise customers. Our
innovative solutions are based on multiple technologies across
licensed and unlicensed spectrums.


AMERICAN ROADS: Has Final Court Authority to Use Cash Collateral
----------------------------------------------------------------
Judge Burton R. Lifland of the U.S. Bankruptcy Court for the
Southern District of New York gave American Roads LLC, et al.,
final authority to use cash collateral securing their prepetition
indebtedness.

Subject only to a carve-out, the prepetition lender is granted, as
adequate protection, first-priority postpetition security
interests in and liens on any Collateral not subject to
prepetition liens; junior priority security interests in and
postpetition liens on all Collateral subject to prepetition liens;
first-priority postpetition security interests in and liens on the
Collateral provided that those interests will not prime any valid
prepetition liens; 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) reasonable fees and expenses up
to $100,000 incurred by a trustee appointed in the Debtors'
Chapter 11 cases; (iii) fees incurred prior to the termination
date in an amount not to exceed $2.5 million for Debtor
professionals and $250,000 for Committee professionals; (iv) all
unpaid fees and expenses incurred prior to the terminated date by
professionals; and (v) fees and expenses of the Debtors'
professionals in an aggregate amount not to exceed $250,000, which
are incurred on and after the termination date.

The Debtors were given final authority to use Cash Collateral over
the objection of the Ad Hoc Committee of Bondholders, consisting
of certain holders of Series G-1 Senior Secured Bonds and Series
G-2 Senior Secured Bonds issued by American Roads LLC, which
complained of certain problematic provisions of the proposed final
order which, if left unchanged, would result in Syncora Guaranty
Inc. having even greater control over the Chapter 11 cases and
potentially prejudice the Ad Hoc Committee's efforts to oppose the
confirmation of the prepackaged plan of reorganization.

Judge Lifland denied and overruled any objections to the Motion
with respect to the entry of the Final Order that have not been
withdrawn, waived or settled.

The Ad Hoc Committee is represented by Bojan Guzina, Esq. --
bguzina@sidley.com -- Andrew F. O'Neill, Esq. --
aoneill@sidley.com -- Allison Ross Stromberg, Esq. --
astromberg@sidley.com -- and Larry J. Nyhan, Esq. --
lnyhan@sidley.com -- at SIDLEY AUSTIN LLP, in Chicago, Illinois;
and Nicholas K. Lagemann, Esq. -- nlagemann@sidley.com -- and
Brian J. Lohan, Esq. -- blohan@sidley.com -- at SIDLEY AUSTIN LLP,
in New York.

                     About American Roads

American Roads LLC, aka Alinda Roads LLC, which operates highways
including the mile-long Detroit Windsor Tunnel linking the U.S.
with Canada, sought bankruptcy court protection (Bankr. S.D.N.Y.
Case No. 13-12412) in the Southern District of New York on
July 25, 2013, citing $830 million in debt related to swaps and
bonds.  The case is assigned to Judge Burton R. Lifland.

Sean A. O'Neal, Esq., and Louis A. Lipner, Esq., at Cleary
Gottlieb Steen & Hamilton, LLP, represent the Debtors.  Greenhill
& Co., LLC, and Protiviti, Inc., serve as the Debtors' financial
advisor.

The U.S. Trustee was unable to appoint members to an unsecured
creditors' committee.


AMERICAN ROADS: U.S. Trustee Unable to Appoint Creditors' Panel
---------------------------------------------------------------
Tracy Hope Davis, the U.S. Trustee for Region 2, notified the U.S.
Bankruptcy Court for the Southern of New York that she is unable
to appoint a committee of unsecured creditors in the Chapter 11
cases of American Roads LLC and its debtor affiliates.

The U.S. Trustee reserves her right to appoint a Committee at some
future date if circumstances warrant the appointment.

Serene K. Nakano, Esq., Trial Attorney, in New York, represents
the U.S. Trustee.

                     About American Roads

American Roads LLC, aka Alinda Roads LLC, which operates highways
including the mile-long Detroit Windsor Tunnel linking the U.S.
with Canada, sought bankruptcy court protection (Bankr. S.D.N.Y.
Case No. 13-12412) in the Southern District of New York on
July 25, 2013, citing $830 million in debt related to swaps and
bonds.  The case is assigned to Judge Burton R. Lifland.

Sean A. O'Neal, Esq., and Louis A. Lipner, Esq., at Cleary
Gottlieb Steen & Hamilton, LLP, represent the Debtors.  Greenhill
& Co., LLC, and Protiviti, Inc., serve as the Debtors' financial
advisor.

An Hoc Committee of Bondholders, consisting of certain holders of
Series G-1 Senior Secured Bonds and Series G-2 Senior Secured
Bonds issued by American Roads LLC, is represented by Bojan
Guzina, Esq., Andrew F. O'Neill, Esq., Allison Ross Stromberg,
Esq., Larry J. Nyhan, Esq., Nicholas K. Lagemann, Esq., and Brian
J. Lohan, Esq., at Sidley Austin LLP.


AMERICAN ROADS: Has Court OK to Employ Cleary Gottlieb as Counsel
-----------------------------------------------------------------
American Roads LLC, et al., sought and obtained authority from the
U.S. Bankruptcy Court for the Southern District of New York to
employ Cleary Gottlieb Steen & Hamilton LLP as their counsel.

                     About American Roads

American Roads LLC, aka Alinda Roads LLC, which operates highways
including the mile-long Detroit Windsor Tunnel linking the U.S.
with Canada, sought bankruptcy court protection (Bankr. S.D.N.Y.
Case No. 13-12412) in the Southern District of New York on
July 25, 2013, citing $830 million in debt related to swaps and
bonds.  The case is assigned to Judge Burton R. Lifland.

Sean A. O'Neal, Esq., and Louis A. Lipner, Esq., at Cleary
Gottlieb Steen & Hamilton, LLP, represent the Debtors.  Greenhill
& Co., LLC, and Protiviti, Inc., serve as the Debtors' financial
advisor.

The U.S. Trustee was unable to appoint members to an unsecured
creditors' committee.

An Hoc Committee of Bondholders, consisting of certain holders of
Series G-1 Senior Secured Bonds and Series G-2 Senior Secured
Bonds issued by American Roads LLC, is represented by Bojan
Guzina, Esq., Andrew F. O'Neill, Esq., Allison Ross Stromberg,
Esq., Larry J. Nyhan, Esq., Nicholas K. Lagemann, Esq., and Brian
J. Lohan, Esq., at Sidley Austin LLP.


AMERICANWEST BANCORP: Obtains Confirmation of Chapter 11 Plan
-------------------------------------------------------------
AmericanWest Bancorp has secured confirmation of its Third Amended
Chapter 11 plan.


Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that AmericanWest Bancorp secured a commitment from the
bankruptcy judge at a confirmation hearing Aug. 27 to sign an
order approving the Chapter 11 plan.

According to the Bloomberg report, the plan was proposed by
holders of $10 million of the $47.2 million in junior subordinated
debt known as TOPrS.  The company withdrew its liquidation plan
after mediation, allowing the creditors' plan to proceed.  There's
about $48 million of unsecured debt with the TOPrS and general
unsecured claims combined. The plan gives creditors cash or stock
in the reorganized company.  The disclosure statement says the
creditors' plan should generate more than liquidation, where tax
benefits would be lost.

                 About AmericanWest Bancorporation

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

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

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

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

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


AMERIGO ENERGY: Had $308,000 Net Loss in Second Quarter
-------------------------------------------------------
Amerigo Energy, 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 $307,944 on $1,008 of
total revenue, as compared with a net loss of $45,866 on $362 of
total revenue for the same period a year ago.

For the six months ending June 30, 2013, the Company reported a
net loss of $346,402 on $1,269 of total revenue, as compared with
a net loss of $95,513 on $665 of total revenue for the same period
a year ago.

The Company's balance sheet at June 30, 2013, showed $2.38 million
in total assets, $2.75 million in total liabilities and a $368,035
total stockholders' deficit.

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

                       http://is.gd/bQfhQ9

                           About Amerigo

Henderson, Nevada-based Amerigo Energy, Inc., is aggressively
looking for potential oil leases to acquire as well as businesses
which will fit with the Company's strategy.  Its wholly-owned
subsidiary, Amerigo, Inc., incorporated in Nevada on Jan. 11,
2008, holds minimal assets, including oil lease interests.

"As a result of Amerigo Energy's deficiency in working capital at
Dec. 31, 2012, and other factors, Amerigo Energy's auditors have
stated in their report that there is substantial doubt about
Amerigo Energy's ability to continue as a going concern.  In
addition, Amerigo Energy's cash position is inadequate to pay the
costs associated  with its operations.  No assurance can be given
that any debt or equity financing, if and when required, will be
available."


ANCHOR BANCORP: Taps Kurtzman Carson as Notice Agent
----------------------------------------------------
Anchor Bancorp Wisconsin Inc. seeks authority from the U.S.
Bankruptcy Court for the Western District of Wisconsin to employ
Kurtzman Carson Consultants LLC as notice agent.

Evan Gershbein, senior vice president of corporate restructuring
services, 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 estates.  Prior to the Petition Date, the Debtor
provided KCC with a retainer in the amount of $5,000 and made
prepetition payments totaling $5,170.

                        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.


ANGUS PETROLEUM: Law Firm Loses Appeal to Represent Client
----------------------------------------------------------
Law360 reported that a California appeals court shot down a bid by
attorney Douglas L. Mahaffey to get the state's courts to declare
him legally able to represent a bankrupt oil and gas contractor he
no longer works for, on the grounds that no real controversy
exists.

According to the report, the three-judge panel decided in the Aug.
27 decision the attorney's request for declaratory relief to allow
his firm, Mahaffey & Associates, to represent Angus Petroleum
Corp. and BG Operations LLC when the two became opposing parties
in BG's bankruptcy negotiations.

Angus Petroleum Corp. faced an involuntary Chapter 11 petition
(Case No. 06-11914, C.D. Cal.) on Oct. 25, 2006 from Energy
Development Corp., which was allegedly owed $202,115 from utility
and legal expenses.  Judge Theodor Albert was assigned to the
Chapter 11 case.  M. Jonathan Hayes, Esq., represented the
Petitioner.


ARCHDIOCESE OF MILWAUKEE: Ordered to Release Cemetery Docs
----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Wisconsin
has ordered the Archdiocese of Milwaukee to release documents
showing any links between the archdiocese's cemeteries and a
federal judge who ruled in favor of the archdiocese in a case
involving a dispute over the ownership of funds held in a
cemetery trust.

U.S. District Judge Rudolph Randa ruled late in July that the
maintenance of the cemeteries through the funds is a "fundamental
tenet of the Catholic faith" and that forcing the archdiocese to
tap those funds would burden its free exercise of religion under
the Religious Freedom Restoration Act of 1993.

Following the issuance of the federal judge's ruling, the
unsecured creditors' committee filed a motion early this month to
compel the archdiocese to turn over documents showing whether it
has any agreements with Judge Randa and his wife for burial
spaces at the archdiocese's cemeteries.

"This information is highly relevant to determining Judge Randa's
impartiality in adjudicating the cemetery trust litigation
whether he has a financial interest in the outcome of the
litigation," the committee said.  The documents "could directly
impact the proceedings in the litigation" which, the committee
said, is a case that could recover more than $57 million for the
archdiocese's bankruptcy estate.

The creditors' committee also said it may seek to vacate the
federal judge's order or ask him to recuse himself from the case
depending on what they find.

Timothy Nixon, Esq. -- tnixon@gklaw.com -- at Godfrey & Kahn,
S.C., in Milwaukee, Wisconsin, an attorney for the cemetery trust
and its trustee, Milwaukee Archbishop Jerome Listecki, called the
motion a desperate tactic and an "attack on a federal judge,"
according to a report by the Milwaukee Journal Sentinel.

"It's sad that the committee's lawyers now . . . in the face of a
single, adverse decision, take the extraordinary step of
impugning the integrity of a respected federal judge," the news
agency quoted Mr. Nixon as saying.

The Archdiocese of Milwaukee and a group of insurers, which calls
itself the London Market Insurers, also criticized the
committee's bid to investigate whether the federal judge has a
financial interest in the archdiocese's cemeteries.

Daryl Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, said the creditors should have raised the
matter with the federal judge long ago if they were seriously
concerned that it might have affected his decision in the case.

The same was echoed by the insurers group, which are represented
by Duane Morris LLP and Sedgwick LLP.  "If the committee had won,
presumably it would not have troubled itself to look for evidence
of bias," the group said.

On Jan. 17, U.S. Bankruptcy Judge Susan Kelley rejected the
archdiocese's reliance on the 1993 RFRA, saying the law doesn't
protect the archdiocese from claims by creditors that $55 million
was fraudulently transferred to the cemetery trust.

On July 29, Judge Randa reversed the bankruptcy judge's decision
and remanded the case to the bankruptcy court for further
proceedings.  He ruled that the 1993 federal law is a valid
defense in the case.

The case involves a dispute over whether the $55 million and all
subsequent payments into the cemetery trust should be considered
assets of the archdiocese's bankruptcy estate.

The creditors' committee says the funds were fraudulently
transferred to keep them from claimants who were suing the
archdiocese for alleged sexual abuse.

Lawyers for the trust, meanwhile, argue that Catholic burials are
an essential part of the archdiocese's religious mission, and
that attaching even a portion of those funds would substantially
burden its free exercise of religion under the 1993 federal law.

The cases before the court are Archbishop Jerome E. Listecki, as
Trustee of the Archdiocese of Milwaukee Catholic Cemetery
Perpetual Care Trust, Plaintiff, v. Official Committee of
Unsecured Creditors, Defendant; Official Committee of Unsecured
Creditors, Counterclaimant, v. Archbishop Jerome E. Listecki, as
Trustee of the Archdiocese of Milwaukee Catholic Cemetery
Perpetual Care Trust, Counterdefendant; Adv. Proc. No. 11-02459
(Bankr. E.D. Wis.).

The unsecured creditors' committee is represented by:

     James I. Stang, Esq.
     Kenneth H. Brown, Esq.
     Gillian N. Brown, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., #1100
     Los Angeles, CA 90067
     Tel: (310) 277-6910
     Fax: (310) 201-0760
     E-mail: jstang@pszjlaw.com
             kbrown@pszjlaw.com
             gbrown@pszjlaw.com

          - and -

     Albert Solochek, Esq.
     Jason R. Pilmaier, Esq.
     324 E. Wisconsin Ave., Suite 1100
     Milwaukee, WI 53202
     Tel: (414) 272-0760
     Fax: (414) 272-7265
     E-mail: asolochek@hswmke.com
             jpilmaier@hswmke.com

          - and -

     Marci A. Hamilton, Esq.
     36 Timber Knoll Drive
     Washington Crossing, PA 18977
     Tel: (215) 353-8984
     Fax: (215) 493-1094
     Email: hamilton02@aol.com

The London Market Insurers are represented by:

     Russell W. Roten, Esq.
     Jeff D. Kahane, Esq.
     DUANE MORRIS LLP
     865 S. Figueroa Street, Suite 3100
     Los Angeles, CA 90017-5450
     Tel: 213-689-7400
     Fax: 213-689-7401
     Email: jkahane@duanemorris.com

          - and -

     Catalina J. Sugayan, Esq.
     Marcos G. Cancio, Esq.
     SEDGWICK LLP
     One North Wacker Drive, Suite 4200
     Chicago, IL 60606

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ARCHDIOCESE OF MILWAUKEE: Seeks to Sell Wisconsin Property
----------------------------------------------------------
The Archdiocese of Milwaukee seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Wisconsin to sell a
real estate in Wheatland, Wisconsin, which consists of
approximately 0.95 acres of land and a 3,669-square-foot
building, which the archdiocese previously used as a chapel.

Richard Crabtree made a $60,000 offer to buy the property, which
the archdiocese accepted.  The archdiocese said, however, that the
sale is subject to higher and better offers up until the day of
the hearing on the proposed sale.

Mr. Crabtree's offer is contingent upon the archdiocese obtaining
approval from the bankruptcy court within 60 days of acceptance
of the offer.  The closing must be consummated within 30 days of
entry of a court order approving the sale, according to the terms
of the deal.

As part of the deal, the archdiocese issued a decree of reduction
to a secular use so that the property can no longer be used for
Catholic mass or worship.

Bear Realty Inc., the firm hired by the archdiocese as its real
estate agent, will receive a commission of 6% of the purchase
price, which will serve as a fee cap for its employment in the
archdiocese's bankruptcy case.

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ARCHDIOCESE OF MILWAUKEE: Defends Bid for Future Claimants Rep.
---------------------------------------------------------------
The Archdiocese of Milwaukee defended its proposal to appoint a
legal representative for sex abuse victims who may file claims
against the archdiocese in the future.

"The [future claimants' representative] will be instrumental in
the production of a plan of reorganization that is feasible and
is not likely to be followed by the need for further
reorganization," said its lawyer, Daryl Diesing, Esq., at Whyte
Hirschboeck Dudek S.C., in Milwaukee, Wisconsin.

The statement came after the unsecured creditors' committee
criticized the proposed appointment and called it "premature."
The committee argued the archdiocese has not yet proposed a
reorganization plan which, it said, would be "unconfirmable" in
light of the archdiocese's administrative insolvency or
illiquidity.

Mr. Diesing also defended the proposed notice procedures, saying
they were presented to the bankruptcy court "in an agreed order"
by both the archdiocese and the committee.

"The fact that the committee is challenging the very notice
procedures it formulated reveals the extent to which the
committee is prepared to impede the resolution of this case if
the debtor does not accede to the committee's every demand," Mr.
Diesing said in response to the claim by the committee that the
appointment would deprive future claimants of due process because
of the archdiocese's failure to give adequate publication notice.

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ATLANTIC COAST: Stockholders Elect Three Directors
--------------------------------------------------
Atlantic Coast Financial Corporation held its annual meeting of
stockholders on Aug. 16, 2013, at which the stockholders elected
Dave Bhasin, Kevin G. Champagne and John J. Dolan to the Board of
Directors for three-year terms, subject to the review and non-
objection of the Federal Reserve Bank of Atlanta.  The three
current directors who did not seek reelection, Thomas F. Beeckler,
Charles E. Martin, Jr., and Forrest W. Sweat, Jr., will continue
to serve until their successors receive non-objection from the
Federal Reserve Bank of Atlanta.

The stockholders ratified the selection of McGladrey LLP as the
Company's independent registered public accounting firm for the
year ending Dec. 31, 2013.  The stockholders also approved the
compensation of the Company's executive officers and selected
"Every Three Years" as the desired frequency of future advisory
vote on executive compensation.

                        About Atlantic Coast

Jacksonville, Florida-based Atlantic Coast Financial Corporation
is the holding company for Atlantic Coast Bank, a federally
chartered and insured stock savings bank.  It is a community-
oriented financial institution serving northeastern Florida and
southeastern Georgia markets through 12 locations, with a focus on
the Jacksonville metropolitan area.

The Company reported a net loss of $6.66 million on $33.50 million
of total interest and dividend income for the year ended Dec. 31,
2012, as compared with a net loss of $10.28 million on $38.28
million of total interest and dividend income in 2011.

The Company's balance sheet at June 30, 2013, showed $742.19
million in total assets, $711.02 million in total liabilities and
$31.16 million in total stockholders' equity.

McGladrey LLP, in Jacksonville, Florida, 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 recurring losses from operations that have
adversely impacted capital at Atlantic Coast Bank.  The failure to
comply with the regulatory consent order may result in Atlantic
Coast Bank being deemed undercapitalized for purposes of the
consent order and additional corrective actions being imposed that
could adversely impact the Company's operations.  This raises
substantial doubt about the Company's ability to continue as a
going concern.


B-BAR TAVERN: Bankr. Court Denied PMB's Summary Judgment Bid
------------------------------------------------------------
Bankruptcy Judge Ralph B. Kirschier denied Prairie Mountain Bank's
summary judgment motion seeking judgment in its favor on all
counts of B-Bar Taverns, Inc.'s complaint, plus costs and attorney
fees.

The complaint is B-BAR TAVERN INC, Plaintiff v. PRAIRIE MOUNTAIN
BANK, Defendant, Adv No. 12-0043 (Bankr. D. Mont.).  The complaint
alleges fraud, invalidity of a real estate trust indenture and
avoidance of PMB's lien, among other things.

A real estate trust indenture between B-Bar Tavern Inc. as grantor
and Prairie Mountain Bank, as beneficiary, was executed by Richard
Barnes in March 2009.  The transaction was in line with a $850,000
loan Barnes Inc. made from PMB.  Barnes Inc.'s sole shareholder is
Jack Barnes while B-Bar's sole shareholders is Richard Barnes.
Jack and Richard are brothers.  PMB looked to the B-Bar property
as the source of repayment of the $850,000 loan, thus the Real
Estate Trust Indenture.

A copy of Judge Kirschier's Aug. 2, 2013 Memorandum of Decision is
available at http://is.gd/WnQ0jyfrom Leagle.com.

B-Bar Tavern, Inc., dba Prospector Casino, filed for bankruptcy on
Feb. 27, 2012 (Bankr. D. Mont., Case No. 12-60228).  The petition
was signed by Richard Barnes.


BAKERSFIELD GROVE: Case Dismissal Hearing Continued Until Oct. 17
-----------------------------------------------------------------
The Hon. Erithe A. Smith of the Bankruptcy Court continued until
Oct. 17, 2013, at 10:30 a.m., the hearing to consider the request
of Bakersfield Grove Limited, LLC to dismiss its Chapter 11 case.

Brea, California-based Bakersfield Grove Limited, LLC, filed a
bare-bones Chapter 11 petition (Bankr. C.D. Cal. Case No.
12-13157) on March 12, 2012.  The Debtor, a Single Asset Real
Estate as defined in 11 U.S.C. Sec. 101(51B), has property located
at Panama Lane, in Bakersfield, California.

Judge Erithe A. Smith presides over the case.  Kathy Bazoian
Phelps, Esq., at Danning, Gill, Diamond & Kollitz, LLP.  The
petition was signed by Robert M. Clark, president of managing
member.

Steven M. Speier, the receiver of the Debtor's assets, is
represented by Jeffrey B. Gardner, Esq., and Laurie Chavez, Esq.,
at Barry, Gardner & Kincannon.


BATE LAND: Seeks to Employ Oliver Friesen as Counsel
----------------------------------------------------
Bate Land & Timber, LLC, seeks authority from the U.S. Bankruptcy
Court for the Eastern District of North Carolina, Wilmington
Division, to employ George Mason Oliver, Esq. -- gmo@ofc-law.com -
- and Oliver Friesen Cheek, PLLC, as bankruptcy attorney.

Mr. Oliver 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.  According to Mr. Oliver, the Debtor was
charged a retainer of $48,424.

Shallotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code on July 25,
2013 (Case No. 13-04665, E.D.N.C.).  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor listed estimated assets from $10,000,001 to $50,000,000
and estimated debts from $100,001 to $500,000.  The petition was
signed by Brad Cheers, manager.


BATE LAND: Sec. 341(a) Meeting Continued to Sept. 18
----------------------------------------------------
A meeting of creditors of Bate Land & Timber, LLC, will be
continued to Sept. 18, 2013, at 10:00 a.m., according to a notice
filed with the U.S. Bankruptcy Court for the Eastern District of
North Carolina, Wilmington Division.

The meeting offers creditors an opportunity to examine the
Debtors' representative under oath about the Debtors' financial
affairs and operations that would be of interest to the general
body of creditors.

Shallotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.C. Case No. 13-04665) on July 25, 2013.  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor listed estimated assets from $10,000,001 to $50,000,000
and estimated debts from $100,001 to $500,000.  The petition was
signed by Brad Cheers, manager.  The Debtor is represented by
George Mason Oliver, Esq., at Oliver Friesen Cheek, PLLC.


BATE LAND: Files Schedules of Assets and Liabilities
----------------------------------------------------
Bate Land & Timber, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of North Carolina, Wilmington Division, its
schedules of assets and liabilities disclosing the following:

                                         Assets       Liabilities
                                      -----------     -----------
A. Real Property                      $47,032,125
B. Personal Property                   6,445,499
C. Property Claimed as Exempt                N/A
D. Creditors Holding Secured Claims                      $38,301
E. Creditors Holding Unsecured
       Priority Claims                                     33,334
F. Creditors Holding Unsecured
       Nonpriority Claims                              74,090,575
                                      -----------     -----------
Total                                $53,477,624     $74,162,211

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

          http://bankrupt.com/misc/BATELANDsal0823.pdf

Shallotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code on July 25,
2013 (Case No. 13-04665, E.D.N.C.).  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor listed estimated assets from $10,000,001 to $50,000,000
and estimated debts from $100,001 to $500,000.  The petition was
signed by Brad Cheers, manager.  The Debtor is represented by
George Mason Oliver, Esq., at Oliver Friesen Cheek, PLLC.


BATS GLOBAL: Merger Prompts Moody's to Assign Positive Outlook
--------------------------------------------------------------
Moody's Investors Service affirmed the ratings of BATS Global
Markets Inc. (senior at B1) and assigned a positive outlook
following the announcement that the company will merge with Direct
Edge Holdings LLC in an all-stock transaction to create a major
cash equities execution venue in the US and in Europe. The
transaction is anticipated to close in the first half of 2014,
subject to regulatory approvals.

Ratings Rationale:

Moody's said the positive outlook reflects the sound strategic
rationale for the merger and the potential for cost synergies from
combining the two operations. The merger is a logical response to
depressed industry trading volumes that may continue for some
time. Increased scale should also allow BATS to continue to invest
to meet new technological and regulatory demands that are likely
to face all exchanges in the future. The firm also plans to
continue to maintain all existing BATS and Direct Edge execution
venues to maintain customer segmentation and trade capture rates
and minimize revenue attrition.

Future upgrades will depend on the success of merger execution,
continued high reliability of operating performance and the
ability of the new company to continue to diversify earnings. BATS
has generated strong EBITDA in the past year, having successfully
integrated its Chi-X acquisition and this was also a factor in
assigning a positive outlook. Moody's cautioned that the
transaction does present execution risks and that the projected
cost saves (as a percent of Direct Edge costs) may be difficult to
achieve.

How exchanges deploy free cash flow remains an important rating
driver the rating agency said. In 2012 BATS leveraged its
operating cash flow aggressively to pay a large shareholder
dividend. Management's continued tolerance for periodic spikes in
leverage will be an important driver of credit quality.

As well, regulations that curb high frequency trading restrict
maker/taker pricing or ban certain order types could place
downward pressure on the rating -- given BATS' heavy reliance on
trading revenues.

The principal methodology used in this rating was Global
Securities Industry Methodology published in May 2013.


BERNARD L. MADOFF: Customers Capitulate, Pay Back $97.8 Million
---------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the trustee liquidating Bernard L. Madoff Investment
Securities Inc. is recovering $97.8 million from a lawsuit against
customers without giving up a dime of what he was suing to claw
back.  The trustee, Irving Picard, persuaded the customers to take
a smaller claim than they might have been entitled to receive
after paying back the $97.8 million.

The report recounts that Mr. Picard was suing Sandra Manzke,
family members and her Maxam Capital Management LLC for what they
received from Madoff within two years of bankruptcy.  Manzke and
Maxam filed a claim for $215.3 million, representing the cash they
invested with Madoff, less what they managed to take out before
bankruptcy.  Mr. Picard contended the only purpose of the Maxam
funds was to invest with Madoff.

The report relates that Manzke and Maxam had the suit removed to
federal district court where they attempted unsuccessfully to get
the case dismissed, contending they hadn't shown "willful
blindness" to Madoff's fraud.  After the district judge announced
the ground rules for the suit, it returned to bankruptcy court.
The Manzke defendants agreed to pay back the $97.8 million by
using the distributions they would have received on their customer
claim. In return Mr. Picard approved their customer claim for the
$215.3 million.

On repaying the $97.8 million, the Manzke defendants could have
claimed that amount as an addition to the customer claim.
Instead, the settlement gives them a total customer claim of
$276.7 million, which is less than they might have received.  The
approved claim will be paid like all other customer claims.  The
settlement will come to bankruptcy court for approval on Sept. 17.

The lawsuit being settled is Picard v. Maxam Absolute Return Fund
LP (In re Bernard L. Madoff Investment Securities LLC), 10-05342,
U.S. Bankruptcy Court, Southern District of New York (Manhattan).

                      About Bernard L. Madoff

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

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

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

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

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

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.


BONDS.COM GROUP: To Hold a Triennial Vote on Exec. Compensation
---------------------------------------------------------------
Bonds.com Group, Inc., has decided to hold an advisory vote on
executive compensation once every three years, according to an
amended current report filed with the U.S. Securities and Exchange
Commission.

The Company's stockholders voted in favor of holding such an
advisory vote once every three years.  This advisory vote result
was consistent with the recommendation made by the Company's Board
of Directors.

                       About Bonds.com Group

Based in Boca Raton, Florida, Bonds.com Group, Inc. (OTC BB: BDCG)
-- http://www.bonds.com/-- through its subsidiary Bonds.com,
Inc., serves institutional fixed income investors by providing a
comprehensive zero subscription fee online trading platform.  The
Company designed the BondStation and BondStationPro platforms to
provide liquidity and competitive pricing to the fragmented Over-
The-Counter Fixed Income marketplace.

The Company differentiates itself by offering through Bonds.com,
Inc., an inventory of more than 35,000 fixed income securities
from more than 175 competing sources.  Asset classes currently
offered on BondStation and BondStationPro, the Company's fixed
income trading platforms, include municipal bonds, corporate
bonds, agency bonds, certificates of deposit, emerging market
debt, structured products and U.S. Treasuries.

Bonds.com Group disclosed a net loss of $6.98 million in 2012, as
compared with a net loss of $14.45 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $8.36 million in total
assets, $5.75 million in total liabilities and $2.60 million in
total stockholders' equity.

EisnerAmper LLP, in New york, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing recurring losses and negative
cash flows from operations, and a working capital deficiency and a
stockholders' deficiency that raise substantial doubt about its
ability to continue as a going concern.


BOREAL WATER: Reports $45,000 Net Loss in Second Quarter
--------------------------------------------------------
Boreal Water Collection, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $45,094 on $588,184 of sales for the three months
ended June 30, 2013, as compared with a net loss of $211,229 on
$737,336 of sales last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $284,207 on $1.06 million of sales, as compared with a net
loss of $333,047 on $1.34 million of sales for the same period a
year ago.

The Company's balance sheet at June 30, 2013, showed $3.50 million
in total assets, $3.94 million in total liabilities and a $437,292
total stockholders' deficiency.

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

                       http://is.gd/mZpNGG

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

The Company reported a net loss of $822,902 on $2.7 million of
sales in 2012, compared with a net loss of $1.3 million on
$2.7 million of sales in 2011.

In the auditors's report accompanying the consolidated financial
statements for the year ended Dec. 31, 2012, Patrick Rodgers, CPA,
PA, in Altamonte Springs, Florida, expressed substantial doubt
about Boreal Water's ability to continue as a going concern.  Mr.
Rodgers noted that the Company has a minimum cash balance
available for payment of ongoing operating expenses, has
experienced losses operations since inception, and it does not
have a source of revenue sufficient to cover its operating costs.


BOULDER ONE: Case Summary & Unsecured Creditor
----------------------------------------------
Debtor: Boulder One, LLC
        P.O. Box 17397
        Indianapolis, IN 46217

Bankruptcy Case No.: 13-08087

Chapter 11 Petition Date: July 30, 2013

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: James M. Carr

Debtor's Counsel: John Joseph Allman, Esq.
                  TUCKER HESTER BAKER & KREBS, LLC
                  One Indiana Square, Suite 1600
                  Indianapolis, IN 46204
                  Tel: (317) 833-3030
                  Fax: (317) 833-3031
                  E-mail: jallman@thbklaw.com

                         - and ?

                  David R. Krebs, Esq.
                  TUCKER, HESTER, BAKER & KREBS, LLC
                  One Indiana Square, Suite 1600
                  Indianapolis, IN 46204
                  Tel: (317) 833-3030
                  Fax: (317) 833-3031
                  E-mail: dkrebs@thbklaw.com

Scheduled Assets: $3,251,361

Scheduled Liabilities: $3,716,090

The petition was signed by David J. Baird, member.

The Company's list of its largest unsecured creditors filed with
the petition contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
United Farm Family Life            Commercial Real      $1,486,435
Insurance Co.                      Estate located at
225 South East Street, Suite 640   5905, 5615, 5935
Indianapolis, IN 46202             and 5955 South
                                   Emerson Avenue,
                                   Indianapolis, In
                                   (office complex
                                   containing 4
                                   buildings)


BRECKENRIDGE EDISON: Court Lifts Stay on Lawsuit v. Sheraton
------------------------------------------------------------
District Judge Stephen N. Limbaugh, Jr. granted Breckenridge
Edison Development, L.C.'s motion for removal of the stay on the
lawsuit BRECKENRIDGE EDISON DEVELOPMENT, L.C., Plaintiff v.
SHERATON OPERATING CORP., Defendant, Case No. 4:10-CV-1637-SNLJ
(E. Mo.).

The Plaintiff filed the action in August 2010 and filed for
bankruptcy a month after.  The Chapter 11 case has been dismissed
in April 2011 and the Plaintiff removal of the stay on the
lawsuit.

In its July 31, 2013 Memorandum and Order available at
http://is.gd/M55QQ1from Leagle.com, the District Court ordered
the Clerk of the Court to re-docket the Defendant's Motion to
Dismiss or Transfer for Improper Venue.  The Court held that the
Motion to Dismiss must be resolved first before the Plaintiff's
Motion to Amend can be considered.

Breckenridge Edison Development, L.C., is represented by Michael
C. Seamands, Esq. -- mseamands@lashlybaer.com  -- of LASHLY AND
BAER, P.C. & David P. Stoeberl, Esq. -- dps@carmodymacdonald.com
-- of CARMODY MACDONALD P.C..

Sheraton Operating Corporation is represented by Robert T. Ebert,
Jr., Esq. -- rtebert@bryancave.com -- Brian C. Walsh, Esq. --
bcwalsh@bryancave.com -- and Daniel F. Harvath, Esq. --
dfharvath@bryancave.com -- of BRYAN CAVE LLP.

                    About Breckenridge Edison

Breckenridge Edison Development LC owns the 288-room Sheraton St.
Louis City Center, in St. Louis, Missouri.  Breckenridge sought
bankruptcy protection shortly before a foreclosure auction that
was set by its creditors.  The Company was reportedly at least 90
days behind on $26 million worth of mortgage-backed securities.

The Company filed a Chapter 11 petition (Bankr. E.D. Miss. Case
No. 10-50558) on Sept. 15, 2010.  Judge Barry S. Schermer presided
over the case.  Michael A. Becker, Esq., at Waltrip & Schmidt
represented the Debtor.  The Debtor estimated assets of less than
$50,000, and debts of between $10 million and $50 million.  The
case was dismissed on April 7, 2011.


BROWNSVILLE MD: Files for Chapter 11 in Texas
---------------------------------------------
Brownsville MD Ventures, LLC, filed a bare-bones Chapter 11
petition (Bankr. S.D. Tex. Case No. 13-10341) on Aug. 26, 2013, in
Brownsville, Texas.

The Debtor estimated at least $10 million in assets and
liabilities.  The Debtor claims to be a Single Asset Real Estate
as defined in 11 U.S.C. Sec. 101(51B).  The property is located at
East Price Road, in Brownsville, Texas.

Kell Corrigan Mercer, Esq., at Husch Blackwell LLP, in Austin,
Texas, serves as counsel.


BROWNSVILLE MD: Case Summary & 13 Unsecured Creditors
------------------------------------------------------
Debtor: Brownsville MD Ventures, LLC
        c/o Chester Gonzalez
        4750 North Expressway
        Brownsville, TX 78520

Bankruptcy Case No.: 13-10341

Chapter 11 Petition Date: August 26, 2013

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

Judge: Richard S. Schmidt

Debtor's Counsel: Kell Corrigan Mercer, Esq.
                  HUSCH BLACKWELL, LLP
                  111 Congress Avenue, Suite 1400
                  Austin, TX 78701
                  Tel: (512) 472-5456
                  Fax: (512) 479-1101
                  E-mail: kell.mercer@huschblackwell.com

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

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

The petition was signed by Chester Gonzalez, chairman of the board
of managers.

Debtor?s List of Its 13 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Allison Torres                     WARN Act Claim          Unknown
c/o Cary M. Toland, Attorney
855 E. Harrison
Brownsville, TX 78520

Brownville Doctors Hospital, LLC   Potential Contract      Unknown
c/o Jose Eduardo Melendez          Claim
4750 N. Expressway
Brownsville, TX 78526

Claudia Salinas                    WARN Act Claim          Unknown
c/o Cary M. Toland, Attorney
855 Harrison
Brownsville, TX 78520

Cristain L. Puga                   WARN Act Claim          Unknown

Diana Gallo                        WARN Act Claim          Unknown

Ester Reid                         WARN Act Claim          Unknown

Jean Denise Taylor                 WARN Act Claim          Unknown

Joe Daniel Losoya                  WARN Act Claim          Unknown

Juan Jose Rodriguez                WARN Act Claim          Unknown

Marcie M. Vasquez                  WARN Act Claim          Unknown

Nora Lee Argullin                  WARN Act Claim          Unknown

Pete Martinez                      WARN Act Claim          Unknown

Priscilla Garza                    WARN Act Claim          Unknown


CAPMARK FINANCIAL: Settlement With WF Kept Entirely Secret
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that although Wells Fargo Bank NA and reorganized Capmark
Financial Group Inc. settled a $28 million swap dispute, the terms
are being kept entirely secret.

The report recounts that just after Capmark filed for Chapter 11
protection in October 2009, the San Francisco-based bank
terminated a swap with Capmark and claimed being owed $5.6 million
more than the $22.2 million it was holding as collateral.  A
lawsuit followed, and Capmark contended that only $4 million was
owed on the terminated swap, meaning that much of the collateral
should be refunded.  Meanwhile, Capmark implemented a liquidating
Chapter 11 plan in September 2011.

In a settlement announced last week, Capmark and Wells Fargo
agreed to drop their claims.

According to the report, none of the economic terms were
disclosed.  The bank and Capmark said in a court filing that
disclosing those terms would allow the bank's counterparties to
figure out how the bank valued collateralized debt obligations.
Consequently, they asked the bankruptcy judge to keep the
settlement agreement entirely under seal as a trade secret or the
equivalent.

The bankruptcy judge in Delaware will hold a hearing on Oct. 21
for approval of the settlement. At the same hearing, he will
decide whether it can remain secret.

                    About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- provided financial services to
investors in commercial real estate-related assets.  Capmark has
three core businesses: lending and mortgage banking, investments
and funds management, and servicing.  Capmark operates in North
America, Europe and Asia.  Capmark has 1,000 employees located in
37 offices worldwide.

On Oct. 25, 2009, Capmark Financial and certain of its
subsidiaries filed voluntary petitions for relief under Chapter 11
(Bankr. D. Del. Lead Case No. 09-13684).  Capmark disclosed assets
of US$20 billion against total debts of US$21 billion as of
June 30, 2009.

Capmark's financial advisors were Lazard Freres & Co. LLC and
Loughlin Meghji + Company.  Capmark's bankruptcy counsel were
Dewey & LeBoeuf LLP, and Richards, Layton & Finger, P.A.  Beekman
Advisors, Inc., is serving as strategic advisor.
KPMG LLP served as tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, served as claims and notice agent.

The Official Committee of Unsecured Creditors tapped Kramer Levin
Naftalis & Frankel LLP as its counsel and JR Myriad 1LLC as its
commercial real estate business advisors.  The Committee also
retained Cutler Pickering Hale and Dorr LLP as its attorneys for
the special purpose of providing legal services in connection with
Federal Deposit Insurance Corporation matters.

Protech Holdings C LLC, an affiliate of Capmark, filed for
Chapter 11 protection on July 29, 2010 (Bankr. D. Del. Case No.
10-12387).  Protech estimated assets and debts in excess of
$1 billion as of the filing date.

Since filing for Chapter 11, Capmark completed three sales to
generate more than $1 billion in cash.  Berkshire Hathaway Inc.
and Leucadia National Corp. bought most of the business for
$468 million.  In April 2011, Greenline Ventures LLC completed the
acquisition of the New Markets Tax Credit division of Capmark
Financial Group Inc.  Since inception of the NMTC program,
Capmark's NMTC division has closed over $1.1 billion of NMTC
investment funds and financed over $2.5 billion of projects and
businesses in low income communities nationwide.

Capmark won confirmation of its reorganization plan in August 2011
allowing it to distribute about $4 billion of stock, cash and new
debt to unsecured creditors and streamline operations around its
flagship bank.  Unsecured creditors were to receive $900 million
in cash, $1.25 billion in secured notes and 100 million shares in
reorganized Capmark, now a bank holding company.  The plan was
declared effective in October.

Also in October 2011, Capmark closed the sale of its low-income
housing tax credit asset portfolio to Hunt Cos. Inc., a national
real estate services company.  El Paso, Texas-based Hunt was the
successful bidder in the auction of the assets, paying
$102.4 million.


CASPIAN ENERGY: Debenture Holders Extend Default Cure Period
------------------------------------------------------------
Caspian Energy Inc. previously disclosed that it had received
notices of failures to make a payment from Meridian Capital
International Fund, Firebird Global Master Fund, Ltd. and Firebird
Avrora Fund, Ltd. under Caspian's Amended and Restated Convertible
Debentures dated July 8, 2011 for failure to pay the principal
amount on the maturity date of June 2, 2013.  The terms of the
Convertible Debentures provide that a default occurs if there is a
failure to pay principal on maturity and such failure to pay is
not remedied within 30 days after receipt of written notice from
the holder.  In the event of a default by the Company under the
Convertible Debentures, which default is not cured or waived, the
Convertible Debenture Holders may accelerate the terms of payment
and enforce the security they hold over the assets of the Company.
Caspian disclosed that each of the Convertible Debenture Holders
has agreed to extend the period to remedy such failure to pay
until September 26, 2013.  The aggregate principal amount of the
Convertible Debentures is US$12,460,957.

Caspian Energy Inc. is an oil and gas exploration company,
operating in Kazakhstan where it has a number of targets in the
highly prospective Aktobe Oblast of Western Kazakhstan.


CASPIAN SERVICES: Incurs $3.5 Million Net Loss in 2nd Quarter
-------------------------------------------------------------
Caspian Services, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $3.49 million on $9.44 million of total revenues for
the three months ended June 30, 2013, as compared with a net loss
of $3.12 million on $7.74 million of total revenues for the same
period a year ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $9.14 million on $23.47 million of total revenues, as
compared with a net loss of $11.67 million on $20.37 million of
total revenues for the same period during the prior year.

The Company's balance sheet at June 30, 2013, showed $81.44
million in total assets, $88.63 million in total liabilities and a
$7.19 million total deficit.

                        Bankruptcy Warning

In September 2011, the Company executed an agreement to
consolidate and restructure certain outstanding loans in the total
aggregate amount of $35,246 with an otherwise unrelated
individual.  Closing of the Loan Restructuring Agreement is
subject to a number of closing conditions, including among other
things, the Investor reaching agreement with the European Bank for
Reconstruction and Development to restructure certain EBRD
financing agreements with the Company.  Until the closing of the
Loan Restructuring Agreement, the restructured loans will be
treated as current liabilities.

The Company funded a portion of the construction of its marine
base through a combination of debt and equity financing with EBRD
pursuant to which EBRD provided $18,600 of debt financing and made
an equity investment in the marine base in the amount of $10,000
in exchange for a 22 percent equity interest in Balykshi.

"Should EBRD accelerate its loan or its put option or should the
Loan Restructuring Agreement with Investor not close, we would
have insufficient funds to satisfy our obligations to EBRD and or
to Investor, collectively or individually.  If we are unable to
satisfy those obligations, EBRD and/or Investor could seek any
legal remedy available to obtain repayment, including forcing the
Company into bankruptcy, or foreclosing on the loan collateral,
which, in the case of EBRD includes the marine base and other
assets and bank accounts of Balykshi and CRE, and in the case of
Investor includes other assets of the Company," the Company said
in the quarterly report.

"The ability of the Company to continue as a going concern is
dependent upon, among other things, its ability to successfully
negotiate and conclude restructured financing agreements with EBRD
and Investor and its ability to generate sufficient revenue from
operations, or to identify a financing source that will provide
the Company the ability to satisfy its repayment and guarantee
obligations under the restructured financing agreements.
Uncertainty as to the outcome of these factors raises substantial
doubt about the Company's ability to continue as a going concern,"
the Company added.

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

                        http://is.gd/FtP03Y

                      About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.


CENGAGE LEARNING: Creditors Seek to Sue Over Copyright Claims
-------------------------------------------------------------
Jacqueline Palank, writing for Daily Bankruptcy Review, reported
that Cengage Learning Inc.'s unsecured creditors are seeking the
right to file lawsuits they say may boost their chance of getting
paid in the education company's bankruptcy case.

                      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.


CENTENNIAL BEVERAGE: Gets Approval to Tap BYGH as Tax Consultant
----------------------------------------------------------------
Centennial Beverage Group LLC obtained permission from the U.S.
Bankruptcy Court on August 12 to employ BYGH Tax Consulting as its
as property tax consultant, and to provide these services:

   Phase I: Review the proposed assessments (or enrolled
assessments) issued by the taxing authorities in each
jurisdiction.  During the process, review subject property and
market data to identify and develop opportunities for reduced
property tax assessments.

   Phase II: In cooperation with Centennial Beverage Group, BYGH
will determine which assessments would be challenged, protested or
appealed based on the information compiled in Phase I.

   Phase III: As appropriate, prepare and timely file protests,
notices of appeal, or other documents necessary to challenge,
either informally or formally, the property tax assessments.
Prepare refund claims for prior tax periods when tax recoveries
are warranted.

   Phase IV: As appropriate, represent Centennial Beverage Group
in valuation negotiations and administrative appeals, from the
informal level with the local assessment authority, through formal
administrative hearings at the local or state level board of
equalization or similar levels according to the established local
procedure.

                     About Centennial Beverage

Centennial Beverage Group LLC, a chain of 23 liquor stores in
Texas, filed a petition for Chapter 11 reorganization (Bankr.
N.D. Tex. Case No. 12-37901) amid lower sales brought by
competition from big-box retailers.  The 75-year-old-company once
had 70 stores throughout Texas.  They are now concentrated in the
Dallas-Fort Worth area.  Sales for the year ended in November 2012
were $158 million.  Year-over-year, revenue was down 50%,
according to a court filing.  In its schedules, the Debtor
disclosed $24,053,049 in assets and $48,451,881 in liabilities as
of the Petition Date.


CHESAPEAKE CAR WASH: Case Summary & 2 Unsecured Creditors
---------------------------------------------------------
Debtor: Chesapeake Car Wash LLC
        2229 Gelding Way
        Bel Air, MD 21015

Bankruptcy Case No.: 13-24490

Chapter 11 Petition Date: August 25, 2013

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Debtor's Counsel: Troy Christopher Swanson, Esq.
                  COHEN & SWANSON, P.C.
                  1208 East Churchville Road, Suite 300
                  Bel Air, MD 21014
                  Tel: (410) 420-0700
                  Fax: (410) 420-0222
                  E-mail: troy@commerciallawyer.com

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

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

A copy of the Company's list of its two unsecured creditors is
available for free at http://bankrupt.com/misc/mdb13-24490.pdf

The petition was signed by John Gonzalez, sole member/authorized
member.


CHOICE CABLE: Term Loan Increase No Impact on Moody's B2 CFR
------------------------------------------------------------
Moody's Investors Service said that the announced plan of Puerto
Rico Cable Acquisition Company, Inc. to add an incremental $18.5
million to its first lien term loan does not impact its B2
corporate family rating or the B2 rating on the first lien
facility. The company plans to use proceeds, together with cash on
hand, to fund a $20 million distribution to its equity sponsors.

Puerto Rico Cable Acquisition Company, Inc., operating under the
brand name Choice Cable TV, provides video, high speed data and
voice services to approximately 115,000 residential and commercial
customers in the southern and western regions of Puerto Rico. Its
annual revenue is approximately $90 million, and the company is
owned by Spectrum Equity and Patriot Media. Executives from
Patriot Media, who run RCN Telecom Services LLC (B2 Stable) and
Grande Communications Networks LLC (B2 Stable), manage Choice
Cable.


CLINTONDALE COMMUNITY: Moody's Keeps Ba3 Debt Rating; Outlook Neg
-----------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 on Clintondale
Community Schools' (MI) $2.7 million of outstanding Moody's rated
debt, secured by the district's general obligation unlimited tax
pledge. The district has a total of $31.3 million of general
obligation debt outstanding. The outlook remains negative.

Rating Rationale:

The Ba3 reflects the district's persistent deficit General Fund
balances, limited revenue raising flexibility, stressed financial
operations with dependence on non-occurring revenues, weak economy
with declining taxable valuations and population, declining
enrollment, and high debt burden. The negative outlook reflects
that the district's financial position may continue to deteriorate
given reliance on one-time revenues in its financial forecast.

Strengths:

- State's constitutional obligation to pay debt service of bonds
   qualified for the School Bond Qualification and Loan Program

- Improved operations since fiscal 2011, generating modest
   operating surpluses, though reserves continue to be in a
   deficit position

- Employee concessions in recent collective bargaining
   agreements

Challenges:

- Continued deficit General Fund position

- Reliance on cash flow borrowing for operations; extremely
   limited liquidity

- Declining tax base and population which may lead to more
   enrollment declines

- Declining enrollment that factors unfavorably into state per
   pupil funding formula

Outlook:

The negative outlook reflects the potential that negative
variances may continue which would further stress financial
operations and impact the district's ability to achieve deficit
elimination.

What Could Change the Rating Up (or removal of the negative
outlook)?

- Material operating surpluses that will carry forward to future
   budgets and reduce the district's deficit fund balance

- Successful implementation of updated Deficit Elimination Plan
   and elimination of deficit General Fund position

- Stabilization of local economy and tax base

What Could Change the Rating Down?

- Continued operating shortfalls resulting from negative budget
   variances yielding larger deficits in the General Fund

- Inability to reduce deficit position in the General Fund
   and/or reduce reliance on cash flow borrowing

- Reductions in state aid and/or inability to implement a
   feasible DEP, resulting in continued declining revenues and
   increasing pressure on district operations

- Further economic deterioration, and declining enrollment

The principal methodology used in this rating was General
Obligation Bonds Issued by US Local Governments published in April
2013.


COCHRAN AVENUE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Cochran Avenue Baptist Church
        1304 S. Cochran Avenue
        Los Angeles, CA 90019

Bankruptcy Case No.: 13-31328

Chapter 11 Petition Date: August 25, 2013

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

Debtor's Counsel: Charles O. Agege, Esq.
                  LAW OFFICE OF CHARLES AGEGE
                  12400 Wilshire Blvd Ste 400
                  Los Angeles, CA 90025
                  Tel: (310) 447-1212
                  Fax: (310) 447-6100
                  E-mail: coagege@aol.com

Scheduled Assets: $1,158,403

Scheduled Liabilities: $990,287

A copy of the Company's list of its 20 largest unsecured
creditors, filed together with the petition, is available for free
at http://bankrupt.com/misc/cacb13-31328.pdf

The petition was signed by Frankie Haynes-Correa, trustee


COINMACH SERVICE: S&P Raises CCR to 'B' & Removes from Creditwatch
------------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
ratings on Coinmach Service Corp. and its subsidiary Coinmach
Corp. to 'B', removed the ratings from CreditWatch, where they had
been placed earlier this year with positive implications, and
assigned a stable outlook.  This follows the completion of private
equity firm Pamplona Capital Management's acquisition of Spin
Holdco Inc. d/b/a CSC ServiceWorks (the parent company of Coinmach
Service Corp.).

Immediately after raising the corporate credit ratings, S&P
withdrew the ratings at the company's request.  S&P also withdrew
the 'B' issue level and '2' recovery ratings on Coinmach's
$825 million senior secured bank credit facilities, which have
been paid off.


COMMUNITY HOME: Plan Ballots Due Sept. 10
-----------------------------------------
The Hon. Edward Ellington of the U.S. Bankruptcy Court for the
Southern District of Mississippi established Sept. 10, 2013, as
the deadline for submitting written ballots accepting or rejecting
Community Home Financial Services, Inc.'s Chapter 11 Plan.

As reported in the Troubled Company Reporter on Aug. 16, 2013, the
Debtor filed a second addendum to the Disclosure Statement
explaining its Plan of Reorganization.  The Addendum consists of
the Debtor's two-year financial projections.

Counsel to the Debtor, Derek A. Henderson, Esq. --
derek@derekhendersonlaw.com -- relates that the worksheets are
based on sound assumptions including the fact that the Debtor will
go forward as a going concern.  The Home Improvement loan
portfolios are calculated with formulas to allow for obtaining new
home improvement loans while allowing for the declining
amortization of the current Home Improvement loan portfolios, he
discloses.  The Joint Venture incomes are based upon a 25% share
of three (3) of the pools and 50% of four (4) of the pools, he
adds.

The projections do not include the additional funds the Debtor
should recover from so-called "Debt X" transactions being
litigated in pending adversary proceedings.

Edwards Family Partnership, LP and Beher Holdings Trust previously
filed objections to the Disclosure Statement based on the
projections.

Jonathan Bisette, Esq., and Roy Liddell, Esq., at Wells, Marble &
Hurst, PLLC, also represent the Debtor.

                      About Community Home

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location
providing financing through its dealer network throughout 25
states, Alabama, Delaware, and Tennessee.  The Debtor scheduled
$44,890,581 in total assets and $30,270,271 in total liabilities.
Judge Edward Ellington presides over the case.


CRAWFORDSVILLE LLC: Exclusive Filing Period Extended Until Dec. 2
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Iowa
approved Crawfordsville, LLC's second motion to extend its
exclusive filing period until Dec. 2, 2013.

                     About Crawfordsville LLC

Crawfordsville, LLC, and three affiliates sought Chapter 11
protection (Bankr. S.D. Iowa Lead Case No. 12-03748) in Council
Bluffs, Iowa, on Dec. 7, 2012.  Donald F. Neiman, Esq., and
Jeffrey D. Goetz, Esq., at Bradshaw, Fowler, Proctor & Fairgrave,
P.C. represents the Debtor.

Crawfordsville filed schedules disclosing $5.17 million in assets
and $32.2 million in liabilities, including $19.6 million owed to
secured creditors.  The Debtor owns parcels of land in Montgomery
County, Indiana.

A debtor-affiliate, Brayton LLC, disclosed assets of $14.2 million
and liabilities of $27.8 million in its schedules.  The Debtor
owns the 20-acre of land and buildings known as Goldfinch Place in
Audobon County, Iowa, which is valued at $1.68 million.  The
schedules say the company has $10.5 million in claims for
disgorgement and damages resulting from fraudulent conveyances and
preferential payments to dissociated partners.

Crawfordsville, et al., are subsidiaries of hog raiser Natural
Pork Production II, LLP, which filed for Chapter 11 bankruptcy
(Bankr. S.D. Iowa Case No. 12-02872) on Sept. 11, 2012, in Des
Moines.

Aaron L. Hammer, Esq., and Mark S. Melickian, Esq., at Sugar
Felsenthal Grais & Hammer LLP, in Chicago, represent the Official
Committee of Unsecured Creditors as counsel.


DATAJACK INC: Reports $640,000 Net Loss in Second Quarter
---------------------------------------------------------
DataJack, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $640,436 on $500,890 of revenues for the three months ended
June 30, 2013, as compared with a net loss of $1.02 million on
$606,941 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 $889,841 on $1.07 million of revenues, as compared with a
net loss of $3.65 million on $1.26 million of revenues for the
same period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.13 million
in total assets, $3.64 million in total liabilities and a $2.51
million total shareholders' deficit.

"The Company intends to increase its future profitability and seek
new sources or methods of revenue to pursue its business strategy.
However, the Company believes that anticipated revenues from
operations will continue to be insufficient to satisfy its ongoing
capital requirements for at least the next 12 months.  Therefore,
our ability to meet our obligations and continue to operate as a
going concern is highly dependent on our ability to obtain new
loans or equity.

"The Company cannot predict whether this additional financing will
be in the form of equity or debt, or be in another form.  The
Company may not be able to obtain the necessary additional capital
on a timely basis, on acceptable terms, or at all.  In any of
these events, the Company may be unable to implement its current
plans for expansion, repay its debt obligations as they become
due, or respond to competitive pressures, any of which
circumstances would have a material adverse effect on its
business, prospects, financial condition and results of
operations.

"These factors raise substantial doubt about our ability to
continue as a going concern," the Company said in the quarterly
report.

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

                       http://is.gd/8NPbCC

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.


DAVE'S DETAILING: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Dave's Detailing, Inc.
          dba The Allen Groupe
        7200 Lake Ellenor, Suite 252
        Orlando, FL 32809

Bankruptcy Case No.: 13-08077

Chapter 11 Petition Date: July 29, 2013

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: James K. Coachys

Debtor's Counsel: Edward R. Cardoza, Esq.
                  RUBIN & LEVIN, P.C.
                  342 Massachusetts Avenue, Suite 500
                  Indianapolis, IN 46204
                  Tel: (317) 860-2931
                  Fax: (317) 453-8617
                  E-mail: ecardoza@rubin-levin.net

                         - and ?

                  Elliott D. Levin, Esq.
                  RUBIN & LEVIN, P.C.
                  342 Massachusetts Avenue, Suite 500
                  Indianapolis, IN 46204-2161
                  Tel: (317) 634-0300
                  Fax: (317) 453-8601
                  E-mail: edl@rubin-levin.net

                         - and ?

                  James E. Rossow, Jr., Esq.
                  RUBIN & LEVIN, P.C.
                  342 Massachusetts Avenue, Suite 500
                  Indianapolis, IN 46204-2161
                  Tel: (317) 634-0300
                  Fax: (317) 263-9411
                  E-mail: jim@rubin-levin.net

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

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

A copy of the Company's list of its 20 largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/insb13-08077.pdf

The petition was signed by David R. Allen, president and CEO.


DEFOOR STATION: Case Summary & 15 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Defoor Station LLC
        2472 Jett Ferry Road, Suite #400-318
        Dunwoody, GA 30338

Bankruptcy Case No.: 13-68578

Chapter 11 Petition Date: August 26, 2013

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

Debtor's Counsel: Michael D. Robl, Esq.
                  THE SPEARS & ROBL LAW FIRM, LLC
                  104 Cambridge Avenue
                  Decatur, GA 30030
                  Tel: (404) 373-5153
                  E-mail: mdrobl@tsrlaw.com

Scheduled Assets: $1,200,100

Scheduled Liabilities: $1,383,335

A copy of the Company's list of its 15 largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/ganb13-68578.pdf

The petition was signed by Jeff Gladstein, manager.


DETROIT, MI: Bankruptcy Judge Says Pension Protests Are Premature
-----------------------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that
Detroit's bankruptcy judge has set a September court hearing for
dozens of Michigan residents to voice opposition to city's
bankruptcy, but warned that a popular argument -- that bankruptcy
violates the state's constitution -- won't persuade him to throw
out the case at this point.

                    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: Eligibility Trial Divided Into Two Phases
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that whether Detroit is eligible for municipal bankruptcy
is a question U.S. Bankruptcy Judge Steven W. Rhodes will decide
in two phases.

After reviewing 109 eligibility objections filed last week, Judge
Rhodes decided to hold two hearings. On Sept. 19 he will hear five
hours of argument on purely legal issues entailing no factual
disputes.  On Oct. 23, he will commence the previously scheduled
trial on eligibility objections based on factual disputes.

The report notes that individuals who filed objections without
being represented by a lawyer won't be frozen out.  Judge Rhodes
will hold a separate hearing on Sept. 19 where he will listen to
comments from individuals allowed to speak for three minutes each.

Judge Rhodes is permitting the Michigan attorney general to
intervene and participate in the bankruptcy because the
eligibility dispute involves interpretation of state law and the
state constitution.

At the Sept. 18 hearing on non-factual disputes, Judge Rhodes will
take argument on issues including the constitutionality of federal
municipal bankruptcy law, the power of a bankruptcy judge to rule
on constitutional issues, constitutional issues under the state
constitution, the right of the emergency manager to authorize
bankruptcy, and the effect of a state court ruling barring a
bankruptcy filing.

At the Oct. 23 trial on factual disputes, Judge Rhodes will
consider Detroit's insolvency, the city's intent to "effect a
plan," the failure to negotiate with creditors before bankruptcy,
the impracticality of negotiating before bankruptcy, and whether
bankruptcy was filed in good faith.

At the October hearing on factual disputes, Judge Rhodes said he
won't consider whether the Michigan constitution bars the city
from modifying municipal workers' pensions.  The judge said he's
not required to rule on the legality of every conceivable plan at
the early stage of determining eligibility.

Mid-September will be busy. The district judge appointed as
mediator will hold the first meeting on Sept. 17 to discuss a
debt-adjustment plan.  Judge Rhodes hasn't sent the eligibility
question to mediation.

                         Prolonged Fight

Law360 reported that now that a bankruptcy judge has set discovery
guidelines for Detroit's quest for eligibility under Chapter 9,
the city is going to have to scramble to avoid a prolonged fight
over financial figures and the extent of its prepetition
negotiations with creditors, experts say.

According to the Law360 report, though Detroit's eligibility
appears obvious considering its estimated $18 billion debt,
retirees and other creditors are doing all they can to keep U.S.
Bankruptcy Judge Steven W. Rhodes from allowing the bankruptcy
proceeding to go forward.

                     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: State Judge to Rule on Open-Meetings Compliance
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the bankruptcy judge overseeing Detroit's bankruptcy
is keeping the state court on a short leash in deciding whether
Michigan's open meetings law was violated in the appointment of
the city's emergency manager.

The report recounts that soon after the city filed under
Chapter 9, U.S. Bankruptcy Judge Steven W. Rhodes halted a lawsuit
in state court where the Michigan judge was instructing the
emergency manager to withdraw the bankruptcy.  It was unclear
whether Judge Rhodes also intended to stop a separate suit
alleging that Kevyn Orr, the Detroit, emergency manager, was
appointed improperly under state law.  Judge Rhodes clarified the
issue by issuing an order saying that the open-meetings lawsuit
could proceed in state court only to determine whether state law
was violated.

According to the report, while Judge Rhodes said he will permit
the state judge to issue an injunction against new violations, he
specifically precluded the state judge from invalidating the
manager's appointment or any action he has taken.  Judge Rhodes
further declared that no rulings in state court will have
"preclusive effect" anywhere else or serve as the basis for
invalidating any action the manager takes.

Detroit's bankruptcy shifts into high gear with a mediation on
Sept. 17 regarding a debt-adjustment plan.  The next day,
there will be the first of two major hearings on the city's
eligibility for Chapter 9 municipal bankruptcy.  The second major
eligibility hearing will take place Oct. 23.

                     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: First Mediation Session Set for Aug. 29
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the first mediation session in Detroit's municipal
bankruptcy will take place Aug. 29, conducted by Oregon Bankruptcy
Judge Elizabeth Perris.

According to the report, the mediation will deal with the city's
continued access to casino revenue, which was partly pledged to
cover swap liability on retirement system debt.  Detroit wants the
bankruptcy court to ratify a pre-bankruptcy agreement designed to
continue access to the revenue stream.

U.S. Bankruptcy Judge Steven W. Rhodes, who is in charge of
Detroit's bankruptcy, sent the issue to mediation last week.  The
head mediator, Chief U.S. District Gerald Rosen, assigned Judge
Perris to handle the mediation.  She is one of four judges and a
lawyer Judge Rosen selected to assist with mediations.

At the end of last week, the contending parties served the
information requests leading up to the trial on the question of
whether Detroit is eligible for municipal bankruptcy.

Investigations and examinations under oath will end Oct. 17,
followed by the beginning of the eligibility trial on Oct. 23.
Judge Rhodes set aside eight days for trial, to end by Nov. 8.

The first mediation session with Judge Rosen regarding a debt-
adjustment plan will take place Sept. 17.

Last week, Judge Rosen authorized property owners to file appeals
from real estate tax assessments.  The judge is allowing appeals
to go ahead, although he isn't yet authorizing the city to pay tax
refunds.

Detroit has taken the position that federal bankruptcy law gives
it the right, if it chooses, to pay tax refunds without court
permission.

                     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.


DHS DEVELOPMENT: Case Summary & 2 Unsecured Creditors
-----------------------------------------------------
Debtor: DHS Development, LLC
        9011 N. Meridian Street, Suite 202
        Indianapolis, IN 46260

Bankruptcy Case No.: 13-08350

Chapter 11 Petition Date: August 5, 2013

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Robyn L. Moberly

Debtors' Counsel: KC Cohen, Esq.
                  KC COHEN, LAWYER, P.C.
                  151 N. Delaware Street, Suite 1104
                  Indianapolis, IN 46204
                  Tel: (317) 715-1845
                  Fax: (317) 916-0406
                  E-mail: kc@esoft-legal.com

Scheduled Assets: $532,015

Scheduled Liabilities: $4,207,347

Affiliate that simultaneously filed for Chapter 11:

        Debtor                     Case No.
        ------                     --------
Northridge Development, LLC        13-08351
  Assets: $800,000
  Debts: $4,410,759

The petitions were signed by Greg Small, co-manager.

A. A copy of DHS Development's list of its two unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/insb13-08350.pdf

B. A copy of Northridge Development's list of its 14 unsecured
creditors filed with the petition is available for free at:
http://bankrupt.com/misc/insb13-08351.pdf


DOLPHIN DIGITAL: To Restate Previously Filed Periodic Reports
-------------------------------------------------------------
The management team, along with members of the Board of Directors
of Dolphin Digital Media, Inc., conclusively determined that the
Company's previously issued audited financial statements for the
years ended Dec. 31, 2008, 2009, 2010 and 2011 included in the
Company's annual reports on Form 10-K and the unaudited financial
statements for the quarterly periods ended, June 30 and Sept. 30,
2008; March 31, June 30, Sept. 30, 2009; March 31, June 30 and
Sept. 30, 2010; March 31, June 30, Sept. 30, 2011, and March 31,
2012 and June 30, 2012, included in the Company's quarterly
reports on Form 10-Q filed with the U.S. Securities and Exchange
Commission contain certain errors that materially impact the
previously issued financial statements.  Accordingly, these
previously issued financial statements and related financial
information should no longer be relied upon.

Pursuant to the Stock and Purchase Agreement dated June 23, 2008,
William O'Dowd purchased 51 percent (majority share) of the
Company.  As part of the agreement, anti-dilution protection was
given for a period of five years from the date of the agreement,
when Company shares or options, warrants, notes or other
instruments convertible into Company shares were issued to a third
party.  The Company should have accounted for this as a derivative
liability measured at fair value in the initial and subsequent
reporting periods.  The changes in fair value at each reporting
period should have been recorded through earnings.

The Company is currently assessing the best format for restating
these financial statements.  In addition, Management will be
reassessing modification of its previously issued disclosures on
the effectiveness of the Company's internal controls over
financial reporting in Item 9A of the Company's Annual Report on
Form 10K/A and Item 4 on 10Q/A.

                        About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

The Company reported a net loss of $1.23 million in 2011, compared
with a net loss of $5.63 million in 2010.

The Company's balance sheet at June 30, 2012, showed $2.55 million
in total assets, $5.92 million in total liabilities, all current,
and a $3.37 million total stockholders' deficit.


DTF CORP: Sept. 9 Status Conference on Competing Plans
------------------------------------------------------
The Bankruptcy Court will convene a status conference on Sept. 9,
2013, at 2:30 p.m., to consider the adequacy of information in the
disclosure statements explaining the competing Chapter 11 plans
filed by DTF Corporation and the creditor estate of Michael
Jordan.

As reported by the Troubled Company Reporter on April 9, 2013, the
Debtor proposed a Plan that depends entirely on the consummation
of a recapitalization transaction involving its parents and its
corporation group.

The Jordan Estate Plan, according to court papers, was filed to
provide a resolution to the Debtor's bankruptcy case even if the
proposed recapitalization transaction does not close.  Under the
Jordan Estate Plan, if the refinancing transactions close and fund
as expected, the Parent Company will use a portion of the proceeds
of those transactions to fund the Jordan Estate Plan in an amount
sufficient to pay all Allowed Claims in full, including the claims
filed by Minerva Partners, Ltd.; Walter O'Cheskey, as Trustee of
the AHF Liquidating Trust; the Jordan Estate; ViewPoint Bank, NA;
Plains Capital Bank, BOKF, N.A. d/b/a Bank of Texas, NA; and all
creditors holding Allowed Priority Claims.

In the event that the Jordan Estate Plan is not consummated
through funding, then the Jordan Estate Plan will be consummated
by implementation of the Liquidation Alternative.  Under the
Liquidation Alternative, the existing equity in the Debtor will be
cancelled.  The Jordan Estate Plan Liquidation Alternative will
not affect rights, if any, of creditors as to International
Hospital Management Company, who is obligated on certain of the
Debtor's obligations.  However, to the extent those creditors
receive payments from the Estate, the Estate will be subrogated to
related claims against IHMC.  Others claims will be satisfied by a
sale of the assets of Privado.

                       About DTF Corporation

DTF Corporation, f/k/a International Hospital Corporation, filed
for Chapter 11 bankruptcy (Bankr. N.D. Tex. Case No. 11-37362) on
Nov. 21, 2011.  In its schedules, the Debtor disclosed $28,692,980
in assets and $38,947,695 in liabilities.  The petition was signed
by Gary B. Wood, CEO and director.  Judge Stacey G. Jernigan
presides the case.  John P. Lewis, Jr., Esq., at the Law Office of
John P. Lewis, Jr., in Dallas, represents the Debtor as counsel.


EASTMAN KODAK: Asks Court to Establish Admin. Claims Bar Date
-------------------------------------------------------------
Eastman Kodak Co. seeks a court order establishing the deadline
for filing general administrative claims.

In an August 27 filing, Kodak asked U.S. Bankruptcy Judge Allan
Gropper to establish the date that is 45 days after the effective
date of its Chapter 11 reorganization plan as the deadline for
filing general administrative claims.

Kodak also asked the bankruptcy judge to approve the procedures
for filing requests for payment of claims.  The proposed
procedures are detailed in the proposed order, which can be
accessed for free at http://is.gd/akqyFC

                       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.


EL FARMER: Wants Access to Cash Collateral Until October 31
-----------------------------------------------------------
El Farmer, Inc., asks the U.S. Bankruptcy Court for the District
of Puerto Rico for authority to use cash collateral, without the
consent of PR Asset Portfolio (formerly Banco Popular), for the
period of Sept. 1, 2013, to Oct. 31, 2013, for the payment of the
Debtor's operating expenses.

According to papers filed with the Court Tuesday, PR Asset
Portfolio holds and controls a commercial account number
068-218915 into which all accounts receivable of the Debtor are
deposited by the Debtor's principal client, Suiza Dairy, Inc.

As of the date of the petition, the Debtor owes PR Asset two
aggregate loans as follows: Loan A: $6,394,799, Loan B:
$5,278,231.

According to the Debtor, in accordance with 11 USC Section 541,
all future post petition proceeds from the sale of milk to Suiza
Dairy, Inc., belong to the estate and its operating funds must be
made available for its operations.  "Accordingly, it is requested
that all future receivables from the sale of milk be delivered to
directly to the Debtor, after deducting the agreed disbursements
detailed in the Motion.  These funds will be deposited in the
Debtor's DIP account.

In the event that the Court denies the Motion, the Debtor requests
the Court to schedule an Emergency Preliminary Hearing within the
next four days under the authority of Federal Bankruptcy Rule
4001(b)(2).

The Motion was submitted by:

         Modesto Bigas Mendez, Esq.
         MODESTO BIGAS LAW OFFICE
         P.O. Box 7462
         Ponce, PR 00732-7462
         Tel: (787) 844-1444
         Fax: (787) 842-4090
         E-mail: modestobigas@yahoo.com

                          About El Farmer

El Farmer, Inc., filed a Chapter 11 petition (Bankr. D.P.R. Case
No. 12-09687) in Old San Juan, Puerto Rico on Dec. 7, 2012.  The
Debtor scheduled $18.3 million in assets and $12.0 million in
liabilities, including $11.0 million owed to secured creditor
Banco Popular De Puerto Rico.  The Debtor owns farm lands in
Isabela, Puerto Rico.  Modesto Bigas Mendez, Esq., at Bigas &
Bigas, in Ponce, P.R., represents the Debtor as counsel.


EL FARMER: PR Asset Portfolio Objects to Disclosure Statement
-------------------------------------------------------------
PR Asset Portfolio objects to the approval of the Disclosure
Statement presented by El Farmer, Inc., dated July 29, 2013,
citing:

     1. The Debtor has not provided sufficient information for the
creditors to make an informed decision with respect to the
Debtor's proposed Chapter 11 Plan.

     2. The Plan does not satisfy the feasibility requirement of
Section 1129(a)(11).

     3. The Plan does not satisfy other plan confirmation
requirements.

PR Asset Portfolio says that unless and until the deficiencies
cited in its objection are corrected, other options, including the
conversion of the Debtor's case to a Chapter 7 or its dismissal,
are appropriate.

The Motion was submitted by:

         Patrick D. O'Neill-Cheyney, Esq.
         O'NEILL & GILMORE, P.S.C.
         Citibank Towers, Suite 1701
         252 Ponce de Leon Avenue
         San Juan, PR 00918
         Tel: (787) 620-0670
         Fax: (787) 620-0671
         E-mail: pdo@go-law.com
         Counsel for PR Asset Portfolio

As reported in the TCR on Aug, 22, 2013, pursuant to the Plan,
general unsecured creditors will receive a distribution of 5% of
their allowed claims to be distributed at $4,396 per month for 96
months.  General unsecured claims filed in the case total
$54,926.79.  BPPR's unsecured portion is $6,592,679.

With respect to BPPR's Secured Claim of $11,641,429, the Debtor
will pay the value of collateral determined as $5,048,750 at the
rate of $36,092 in 180 equal monthly installments.  The balance
will be treated as a general unsecured claim.

Payments and distributions under the Plan will be funded from the
Debtor's postpetition income from the operation of the business.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/elfarmer.doc120.pdf

The hearing on Disclosure Statement is scheduled for Aug. 30,
2013, at 9:00 a.m.  Objections to the disclosure statement are due
no later than 14 days prior to the hearing.

                          About El Farmer

El Farmer, Inc., filed a Chapter 11 petition (Bankr. D.P.R. Case
No. 12-09687) in Old San Juan, Puerto Rico on Dec. 7, 2012.  The
Debtor scheduled $18.3 million in assets and $12.0 million in
liabilities, including $11.0 million owed to secured creditor
Banco Popular De Puerto Rico.  The Debtor owns farm lands in
Isabela, Puerto Rico.  Modesto Bigas Mendez, Esq., at Bigas &
Bigas, in Ponce, P.R., represents the Debtor as counsel.


ENDICOTT INTERCONNECT: Sept. 19 Bid Deadline for Bankr. Sale
------------------------------------------------------------
Judge Diane Davis has authorized Interconnect Technologies, Inc.,
et al., to conduct an auction on Sept. 24, 2013, at 11:00 a.m.
prevailing Eastern Time for the sale of substantially all its
assets if one or more qualified bids are received.

Deadline for submission of bids is Sept. 19, 2013, at 4:00 p.m.
prevailing Eastern Time.

The Court also approved bidding procedures proposed by the
Debtors.

As reported by The Troubled Company Reporter on Aug. 22, 2013,
WBNG Binghamton related that the bankruptcy sale of Endicott
Interconnect will be an open bidding process after the company
that submitted the initial offer bowed out of sole contention to
make one of Broome County's largest employers solvent.  Integrian
Holdings, owned by James T. Matthews and a minority shareholder of
EIT withdrew its position as a stalking horse bidder, WBNG
Binghamton relayed.

Counsel to Integrian Holdings, LLC is:

          Menter, Rudin &Trivelpiece, P.C.
          308 Maltbie Street, Suite 200
          Syracuse,New York 13204
          Attn: Jeffrey A.Dove, Esq.

Shortly before the Court entered the Bidding Procedures Order, the
Official Committee of Unsecured Creditors expressed concern on
certain aspects of the proposed bankruptcy sale like (1) the
schedules of the assets to be sold, the excluded assets and
assumed liabilites, (2) sale of the Debtors' avoidance actions,
and (3) timeline and deadlines.  In line with this, the Committee
filed a Protective Objection and Reservation of Rights request
with the Court.

Bloomberg News relates that quickly after the bankruptcy filing,
Endicott sought approval of procedures intended to culminate in an
auction where the first bid of $250,000 would come from an insider
group.  The purchase offer came from a company owned by minority
shareholder James T. Matthews. In addition to the cash, he would
assume a $6.1 million secured term loan of which he is already the
owner. There is about $10 million owing on two other secured
loans.

According to Bloomberg News, on Aug. 23 the judge authorized the
committee to conduct an investigation of the insiders.  The
official creditors' committee said there might be $20.8 million in
claims to bring against insiders.

                    About Endicott Interconnect

Endicott Interconnect Technologies Inc., filed a Chapter 11
petition (Bankr. N.D.N.Y. Case No. 13-61156) in Utica, New
York, on July 10, 2013, to sell the business before cash runs out
by the end of September.

Based in Endicott, New York, and formed in 2002, EIT is the
successor to the microelectronics division of IBM Corp.  The
products are used in aerospace, defense and medication
applications, among others.

The company sought Chapter 11 bankruptcy protection after
suffering $100 million in operating losses in the last four years.
In addition to $16 million in secured claims, trade suppliers are
owed $34 million.  There is another $32 million owing for loans
made by shareholders.  The company said the book value of property
is $36 million.

Judge Diane Davis oversees the case.  Stephen A. Donato, Esq., at
Bond, Schoeneck & King, PLLC, serves as bankruptcy counsel.  In
its petition, the Debtor estimated $10 million to $50 million in
both assets and debts.  The petition was signed by David W. Van
Rossum, chief restructuring officer.

The Official Committee of Unsecured Creditors is represented by
Robert M. Hirsh, Esq., at Arent Fox LLP as counsel.


ENDICOTT INTERCONNECT: Can Use Cash Collateral Thru Sept. 13
------------------------------------------------------------
Judge Diane Davis entered a second interim order allowing Endicott
Interconnect Technologies, Inc., et al., access to the cash
collateral through Sept. 13, 2013.

Secured creditor M&T Bank will continue to receive adequate
protection payments while the Debtors use the Cash Collateral.

Moreover, to provide the Prepetition Secured Lenders --
Integrian Holdings, LLC, M&T Bank, and William and David Maines --
with adequate protection, the Debtors will grant the Lenders
perfected replacement security interests in and valid, binding,
enforceable and perfected liens, but only to the extent of any
diminution in value of the Lenders' interests in the Prepetition
Collateral on all Postpetition Collateral.

Shortly before the Court entered the second interim Cash
Collateral Order, the Official Committee of Unsecured Creditors
expressed concern that the Cash Collateral Motion contemplated
providing a form of adequate protection for the Debtors'
prepetition Insider Lenders.  The Committee also had issues on the
final form of the proposed budget for the Cash Collateral use.

Counsel to the Creditors Committee are:

          ARENT FOX LLP
          Robert M. Hirsh, Esq.
          David, J. Kozlowski, Esq.
          George V. Utlik, Esq.
          1675 Broadway
          New York, NY 10019
          Tel No: (212) 484-3900

Counsel to M&T Bank is:

          COUGHLIN & GERHART, L.L.P.
          99 Corporate Drive
          Binghamton,New York 13904
          Attn: Mark S. Gorgos, Esq.

Counsel to William and David Maines is:

          McNAMEE, LOCHNER, TITUS & WILLIAMS, P.C.
          677 Broadway, P.O. Box 459
          Albany, New York, 12201-0459
          Attn: Peter A. Pastore, Esq.

                    About Endicott Interconnect

Endicott Interconnect Technologies Inc., and its affiliates filed
a Chapter 11 petition (Bankr. N.D.N.Y. Case No. 13-bk-61156) in
Utica, New York, on July 10, 2013, to sell the business before
cash runs out by the end of September.  David Van Rossum is the
Debtors' chief restructuring officer.  Bond, Schoeneck & King,
PLLC, is counsel to the Debtor.

Based in Endicott, New York, and formed in 2002, EIT is the
successor to the microelectronics division of IBM Corp.  The
products are used in aerospace, defense and medication
applications, among others.

The company sought Chapter 11 bankruptcy protection after
suffering $100 million in operating losses in the last four years.
In addition to $16 million in secured claims, trade suppliers are
owed $34 million.  There is another $32 million owing for loans
made by shareholders.  The company said the book value of property
is $36 million.

An official committee of unsecured creditors has been appointed in
the case with Avnet Electronics Marketing, Arrow Electronics,
Inc., Acbel Polytech, Inc., Cadence Design Systems, Inc.,
Orbotech, Inc., Tyco Electronics, and High Performance Copper
Foil, Inc. as members. The committee is represented by Arent Fox
LLP.



ENDICOTT INTERCONNECT: Wants to Tap Bond Schoeneck as Counsel
-------------------------------------------------------------
Endicott Interconnect Technologies, Inc., et al., sought and
obtained permission from the U.S. Bankruptcy Court for the
Northern District of New York to hire Bond, Schoeneck & King,
PLLC, as their bankruptcy counsel nunc pro tunc to the Petition
Date.

BS&K will provide general legal services to the Debtors and advise
the Debtors with respect to the restructuring and refinancing of
their debts.

The firm customarily charges hourly rates ranging from $140 for
junior associates' time to $450 for senior partners' time.  The
attorneys and paralegals who may provide services in connection
with the Debtors' cases and their current hourly rates are:

        Joseph Zagraniczny, member         $360
        Stephen A. Donato, member          $360
        Camille W. Hill, member            $355
        Thomas L. Kennedy, associate       $235
        Grayson T. Walter, associate       $235
        Kristin M. Doner, paralegal        $150
        Therese A. Vanetti, paralegal      $140

The firm will also charge the Debtors for all disbursements
incurred in its representation of the Debtors.

BS&K received a $175,000 retainer from the Debtors immediately
prior to the Petition Date, according to Camille Hill, Esq.  The
retainer is currently deposited in the firm's escrow account and
will secure the payment of postpetition fees and disbursements
incurred in the representation of the Debtors, she says.

The Debtors believe BS&K represents no interest adverse to them.
BS&K is a "disinterested party" as the term is defined under Sec.
101(14) of the Bankruptcy Code, the Debtors assert.

                    About Endicott Interconnect

Endicott Interconnect Technologies Inc., and its affiliates filed
a Chapter 11 petition (Bankr. N.D.N.Y. Case No. 13-bk-61156) in
Utica, New York, on July 10, 2013, to sell the business before
cash runs out by the end of September.  David Van Rossum is the
Debtor's chief restructuring officer.

Based in Endicott, New York, and formed in 2002, EIT is the
successor to the microelectronics division of IBM Corp.  The
products are used in aerospace, defense and medication
applications, among others.

The company sought Chapter 11 bankruptcy protection after
suffering $100 million in operating losses in the last four years.
In addition to $16 million in secured claims, trade suppliers are
owed $34 million.  There is another $32 million owing for loans
made by shareholders.  The company said the book value of property
is $36 million.

An official committee of unsecured creditors has been appointed in
the case with Avnet Electronics Marketing, Arrow Electronics,
Inc., Acbel Polytech, Inc., Cadence Design Systems, Inc.,
Orbotech, Inc., Tyco Electronics, and High Performance Copper
Foil, Inc. as members. The committee is represented by Arent Fox
LLP.


ENGILITY CORPORATION: Moody's to Remove Ba3 CFR; Ba2 Debt Ratings
-----------------------------------------------------------------
Moody's Investors Service raised the Speculative Grade Liquidity
Rating of Engility Corporation to SGL-2 from SGL-3, and will
subsequently withdraw all ratings. All ratings of Engility will be
withdrawn since the company has no rated debt outstanding.

Ratings to be withdrawn:

Corporate Family, Ba3

Probability of Default, B1-PD

$65 million first lien revolver due 2017, Ba2, LGD2, 28%

$335 million first lien revolver due 2017, Ba2, LGD2, 28%

Speculative Grade Liquidity, to SGL-2 from SGL-3

Ratings Rationale:

The Speculative Grade Liquidity rating upgrade to SGL-2 from SGL-3
reflects a good rather than an adequate liquidity profile. Higher
borrowing availability and materially lower quarterly debt
amortization scheduled under the company's $450 million first lien
credit facility due 2018, which was entered on August 9th, drove
the SGL revision.

Proceeds of the unrated credit facility repaid all rated debts.

The principal methodology used in this rating was the Global
Aerospace and Defense Industry Methodology published in June 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.

Engility Corporation provides systems engineering services,
training, program management and operational support for the U.S.
Government worldwide. The company is the main subsidiary of
Engility Holdings, Inc. Engility Holdings, Inc., which was spun
off from L-3 Communications Holdings, Inc. on July 17, 2012, had
revenues of $1.5 billion over the twelve months ended June 30,
2013.


ESP RESOURCES: Incurs $2 Million Net Loss in Second Quarter
-----------------------------------------------------------
ESP Resources, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.04 million on $2.06 million of net sales for the three
months ended June 30, 2013, as compared with a net loss of
$649,125 on $5.20 million of net sales for the same period a year
ago.

For the six months ended June 30, 2013, the Company reported a net
loss of $3.33 million on $5.52 million of net sales, as compared
with a net loss of $1.04 million on $9.49 million of net sales for
the same period last year.

The Company's balance sheet at June 30, 2013, showed $6.06 million
in total assets, $9.01 million in total liabilities and a $2.94
million total stockholders' deficit.

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

                        http://is.gd/YPnY1B

The Woodlands, Texas-based ESP Resources, Inc., through its
subsidiaries, manufactures, blends, distributes and markets
specialty chemicals and analytical services to the oil and gas
industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for
onshore and offshore production, gathering, refining facilities
and pipelines designed to optimize performance and increase
operators' return on investment.

The Company reported a net loss of $5.08 million on $18.09 million
of sales in 2012, compared with a net loss of $4.33 million on
$11.13 million of sales in 2011.


FERRAIOLO CONSTRUCTION: Confirms Plan of Reorganization
-------------------------------------------------------
Ferraiolo Construction, Inc., on Aug. 21, 2013, obtained
confirmation of its Plan of Reorganization dated June 7, 2013.

The thrust of the Debtor's Plan is reorganization around a
streamlined business model that sheds unprofitable business assets
and retains core assets and business lines.

The Court approved the Disclosure Statement on July 19, 2013.

As reported in the Troubled Company Reporter on Aug. 16, 2013, to
achieve the Debtor's goals, to satisfy its prepetition creditors,
and enable the confirmation of its Plan, the Debtor has liquidated
certain of its assets at an auction held in June, and under the
Plan, the proceeds of the Auction are to be used to fund payments
to secured, priority, and unsecured creditors, to fund a portion
of the Bonding Deposit, and to provide additional working capital
to the Debtor.  The Debtor will retain certain other assets that
it owns in order to conduct its business, as reorganized.  To the
extent that retained assets are subject to liens in favor of Bank
of Maine, the Debtor will pay and satisfy those liens in the
manner described in the Plan.

The property sold at the Auction included a variety of rolling
stock.  In total, the Auction yielded gross sale proceeds of
approximately $5.04 million.  Of that amount, approximately $2.706
million represents the contract prices from the sale of real
property at the auction and $2.335 million represents proceeds
from the sale of personal property.  From these amounts,
commissions for the auctioneer has been deducted, along with
auction expenses, lien payoffs, and unpaid bids.  After taking
into account these costs, the net proceeds of the auction are
expected to be $2,578,000 from the sale of real property and
approximately $2,037,757 from the sale of personal property.

A full-text copy of the Disclosure Statement, dated July 19, 2013,
is available for free at:

          http://bankrupt.com/misc/FERRAIOLOds0719.pdf

On Aug. 19, The Bank of Maine, holder of at least two claims
against the Debtor, objected to confirmation of the Plan.

                   About Ferraiolo Construction

Headquartered in Rockland, Maine, Ferraiolo Construction Inc., fka
Ferraiolo Precast, Inc., Ferraiolo Corp., and Ferraiolo Real
Estate Company, Inc., is a corporation engaged in the businesses
of road construction and commercial construction site work, sale
of asphalt and concrete products, and related businesses.  It owns
multiple parcels of real estate as well as machinery and
equipment, that it uses to manufacture gravel, precast concrete
forms and other items utilized in the construction business.  It
became the successor by merger with two affiliates, Ferraiolo
Precast, Inc., and Ferraiolo Corp., each of which was engaged in a
unified and integrated business enterprise with the Debtor.

The Debtor filed for Chapter 11 protection (Bankr. D. Maine
Case No. 13-10164) on March 13, 2013, in Bangor, Maine, after
the Bank of Maine sent notices telling the Debtor's customers
to send their payments to the bank.  In its Petition, the Debtor
estimated $10 million to $50 million in assets and $10 million
to $50 million in debts.

Judge Louis H. Kornreich presides over the case.  George J.
Marcus, Esq., at Marcus, Clegg & Mistretta, P.A., serves
as bankruptcy counsel for the Debtor.  The petition was signed by
John Ferraiolo, president and treasurer.

Nathaniel R. Hull, Esq., Roger A. Clement, Jr., Esq., and
Christopher S. Lockman, Esq., at Verrill Dana, LLP, represent the
Committee.


FIRST STREET: Appointment of James Lowe as Trustee Approved
-----------------------------------------------------------
Judge Roger L. Efremsky of the U.S. Bankruptcy Court for the
Northern District of California signed an order on August 12,
2013, approving the appointment of James S. Lowe II as Trustee in
the Chapter 11 cases of First Street Holdings NV, LLC, et al.

The Application was filed by August B. Landis, Acting United
States Trustee for Region 17.  Counsel for the U.S. Trustee has
consulted with these parties-in-interest regarding the appointment
of Mr. Lowe:

   -- the Debtors, through counsel Julian Bach; and
   -- Creditor Mark Solit, through his counsel, Scott McNutt.

The U.S. Trustee said that, based on conversations and
correspondence with Scott McNutt, Mr. McNutt consulted with and
forwarded to counsel for the U.S. Trustee the input of the
following creditors: Reuben & Junius, through counsel Stephen
Finestone; Willie J. Brown, Jr., through counsel Stephen Kay; and
administrative creditor McDonald Fernandez LLP, through Iain
McDonald.

Attorneys for the Acting U.S. Trustee may 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
   Telephone: (510) 637-3200
   E-mail: Matt.R.Kretzer@usdoj.gov

                  About First Street Holdings NV

First Street Holdings NV, LLC, and Lydian SF Holdings, LLC, filed
for Chapter 11 bankruptcy (Bankr. N.D. Calif. Case Nos. 11-49300
and 11-49301) on Aug. 30, 2011, before Judge Roger L. Efremsky.

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

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

The Law Office of Julian Bach represents the Debtors as Chapter 11
counsel.  Robert G. Harris, Esq., and Wendy W. Smith, Esq., at
Binder & Malter, LLP represent the Debtors as Special Appellate
Counsel.  The Law Offices of Michael Brooks Carroll is special
litigation counsel for certain debtors in adversary proceeding and
related pending federal appeal.  Colliers Parrish International
Inc. serves as appraiser to value certain real properties and
other assets held by the Debtors.

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

Debtors First Street Holdings NV, LLC, Lydian SF Holdings, LLC, 78
First Street, LLC, 88 First Street, LLC, 518 Mission, LLC,
First/Jessie, LLC, Sixty-two First Street, LLC, Peninsula Towers,
LLC, and JP Capital, LLC; and David Choo, individually, filed a
combined joint plan and disclosure statement with the Bankruptcy
Court.  The Joint Plan, dated Nov. 29, 2011, provided for the
payment of all of their secured, administrative, priority and
general unsecured claims in full.  Interests in the Debtors would
be retained without modification.

In December 2011, the bankruptcy court held that the First Street
Parties had not proven that they had a reasonable possibility of
an effective reorganization within a reasonable time.  The court
noted the proposed plan likely qualified as a negative
amortization plan, which would be difficult to confirm under the
best of circumstances.  The court also noted that the Properties
as of the time of the hearing did not generate enough monthly
rents to pay monthly operating expenses and property taxes.  The
court also doubted that the First Street Parties could raise
sufficient plan funding, as they had proposed, by renting out
additional available space in the buildings on the Properties.

James S. Lowe II has been appointed the Chapter 11 Trustee in the
Debtors' cases.


FIRST STREET: Ch.11 Trustee Hires Gabrielson as Accountant
----------------------------------------------------------
James S. Lowe II, the Chapter 11 Trustee appointed in the
bankruptcy cases of First Street Holdings NV, LLC, et al. sought
and obtained authority from the U.S. Bankruptcy Court for the
Northern District of California to employ the firm of Gabrielson &
Company as his accountant in these bankruptcy cases, effective as
of August 12, 2013.

In August and September, 2011, the Debtors filed separate
voluntary petitions before the Court.  The Debtors owned
various real property parcels that were sold prior to the
appointment of the Trustee, and a portion of the sale proceeds
have been deposited into bank accounts of the Debtors for
administration and appropriate distribution to the holders of
claims and interests.  On August 12, 2013, an order was entered
appointing the Trustee.

Mr. Lowe says that, as his accountant, Gabrielson & Company's
Michael Gabrielson, CPA will be paid for his services at the
current standard hourly rate of $325.

Mr. Gabrielson assured the Court that his firm (i) does not
have any disqualifying connections with the Trustee, the Debtors,
their creditors, any other parties-in-interest, their attorneys
and accountants, or with the Office of the United States Trustee,
or with any person employed in the Office of the United States
Trustee which would preclude employment, and (ii) does not hold or
represent any interest materially adverse to the interests of the
estates or of any class of creditors or equity security holders.

Mr. Gabrielson may be reached at:

   GABRIELSON & COMPANY
   1605 School Street
   Moraga, CA 94556
   Telephone: (925) 899-5798
   Facsimile: (925) 631-1058
   E-mail: cpa711@sbcglobal.net

                  About First Street Holdings NV

First Street Holdings NV, LLC, and Lydian SF Holdings, LLC, filed
for Chapter 11 bankruptcy (Bankr. N.D. Calif. Case Nos. 11-49300
and 11-49301) on Aug. 30, 2011, before Judge Roger L. Efremsky.

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

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

The Law Office of Julian Bach represents the Debtors as Chapter 11
counsel.  Robert G. Harris, Esq., and Wendy W. Smith, Esq., at
Binder & Malter, LLP represent the Debtors as Special Appellate
Counsel.  The Law Offices of Michael Brooks Carroll is special
litigation counsel for certain debtors in adversary proceeding and
related pending federal appeal.  Colliers Parrish International
Inc. serves as appraiser to value certain real properties and
other assets held by the Debtors.

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

Debtors First Street Holdings NV, LLC, Lydian SF Holdings, LLC, 78
First Street, LLC, 88 First Street, LLC, 518 Mission, LLC,
First/Jessie, LLC, Sixty-two First Street, LLC, Peninsula Towers,
LLC, and JP Capital, LLC; and David Choo, individually, filed a
combined joint plan and disclosure statement with the Bankruptcy
Court.  The Joint Plan, dated Nov. 29, 2011, provided for the
payment of all of their secured, administrative, priority and
general unsecured claims in full.  Interests in the Debtors would
be retained without modification.

In December 2011, the bankruptcy court held that the First Street
Parties had not proven that they had a reasonable possibility of
an effective reorganization within a reasonable time.  The court
noted the proposed plan likely qualified as a negative
amortization plan, which would be difficult to confirm under the
best of circumstances.  The court also noted that the Properties
as of the time of the hearing did not generate enough monthly
rents to pay monthly operating expenses and property taxes.  The
court also doubted that the First Street Parties could raise
sufficient plan funding, as they had proposed, by renting out
additional available space in the buildings on the Properties.

James S. Lowe II has been appointed the Chapter 11 Trustee in the
Debtors' cases.


FIRST STREET: Ch.11 Trustee Hires Joseph & Cohen as Counsel
-----------------------------------------------------------
James S. Lowe II, as Chapter 11 Trustee in the bankruptcy cases of
First Street Holdings NV, LLC, et al., sought and obtained
authority from the U.S. Bankruptcy Court for the Northern District
of California to employ the law firm of Joseph & Cohen, P.C., as
his counsel in the Debtors' cases, effective as of August 12,
2013.

The primary attorney anticipated to be responsible for this
representation is David A. Honig, a Partner of the firm, and his
current hourly rate is $580.00.  Some work may be performed by
other J&C professionals whose hourly rates may be different from
that of Mr. Honig. The current standard billing rates for other
attorneys of the firm range from $450.00 per hour to $650.00 per
hour.

Mr. Honig assured the Court that his firm does not represent

interests adverse to the Debtor or its estate in the matters in
which it is to be retained, and that J&C is a "disinterested
person" under Section 101(14) of the Bankruptcy Code.

Mr. Honig may be reached at:

   David A. Honig, Esq.
   JOSEPH & COHEN, P.C.
   1855 Market Street
   San Francisco, CA 94103
   Tel: (415) 817-9200
   E-mail: david@josephandcohen.com

                  About First Street Holdings NV

First Street Holdings NV, LLC, and Lydian SF Holdings, LLC, filed
for Chapter 11 bankruptcy (Bankr. N.D. Calif. Case Nos. 11-49300
and 11-49301) on Aug. 30, 2011, before Judge Roger L. Efremsky.

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

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

The Law Office of Julian Bach represents the Debtors as Chapter 11
counsel.  Robert G. Harris, Esq., and Wendy W. Smith, Esq., at
Binder & Malter, LLP represent the Debtors as Special Appellate
Counsel.  The Law Offices of Michael Brooks Carroll is special
litigation counsel for certain debtors in adversary proceeding and
related pending federal appeal.  Colliers Parrish International
Inc. serves as appraiser to value certain real properties and
other assets held by the Debtors.

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

Debtors First Street Holdings NV, LLC, Lydian SF Holdings, LLC, 78
First Street, LLC, 88 First Street, LLC, 518 Mission, LLC,
First/Jessie, LLC, Sixty-two First Street, LLC, Peninsula Towers,
LLC, and JP Capital, LLC; and David Choo, individually, filed a
combined joint plan and disclosure statement with the Bankruptcy
Court.  The Joint Plan, dated Nov. 29, 2011, provided for the
payment of all of their secured, administrative, priority and
general unsecured claims in full.  Interests in the Debtors would
be retained without modification.

In December 2011, the bankruptcy court held that the First Street
Parties had not proven that they had a reasonable possibility of
an effective reorganization within a reasonable time.  The court
noted the proposed plan likely qualified as a negative
amortization plan, which would be difficult to confirm under the
best of circumstances.  The court also noted that the Properties
as of the time of the hearing did not generate enough monthly
rents to pay monthly operating expenses and property taxes.  The
court also doubted that the First Street Parties could raise
sufficient plan funding, as they had proposed, by renting out
additional available space in the buildings on the Properties.

James S. Lowe II has been appointed the Chapter 11 Trustee in the
Debtors' cases.  He's hired Joseph & Cohen, P.C., as counsel.


FOUR CORNERS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Four Corners Services, Inc.
          dba Four Corners Shell
        5525 South Ornage Blossom Trail
        Orlando, FL 32839

Bankruptcy Case No.: 13-10618

Chapter 11 Petition Date: August 26, 2013

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

Debtor's Counsel: Kenneth D. Herron, Jr., Esq.
                  WOLFF, HILL, MCFARLIN & HERRON, P.A.
                  1851 West Colonial Drive
                  Orlando, FL 32804
                  Tel: (407) 648-0058
                  Fax: (407) 648-0681
                  E-mail: kherron@whmh.com

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

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

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

The petition was signed by Marcelo L. Taddei, vice president.


FREESEAS INC: Issues Add'l 1.2MM Settlement Shares to Hanover
-------------------------------------------------------------
FreeSeas Inc., issued and delivered to Hanover Holdings I, LLC,
1,225,000 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. 19, 2013, the Company
issued and delivered to Hanover an aggregate of 15,483,000
Additional Settlement Shares.

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

                         http://is.gd/0bkk7b

                         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.


GENMAR HOLDINGS: 8th Cir. Upholds Judgment Against Calandrillo
--------------------------------------------------------------
The U.S. Court of Appeals for the Eighth Circuit upheld the final
judgment of a Minnesota bankruptcy court entitling Charles W.
Ries, trustee of Genmar Holdings, Inc., to recover $65,000 from
Michael Calandrillo pursuant to 11 U.S.C. Sec. 547(b) and, by
implication, Sec. 550(a).

The parties' dispute relates to the Trustee's efforts to avoid
certain amounts the Debtor gave to Mr. Calandrillo as settlement
for a defective boat.

The Eighth Circuit found no error in either the bankruptcy court's
conclusion that the $65,000 payment was not a contemporaneous
exchange or the bankruptcy court's conclusion that the $65,000
payment was not made in the ordinary course of business.

The appeals case is Charles W. Ries, Plaintiff-Appellee.
v. Scarlett & Gucciardo, PA, Defendant, Michael Calandrillo,
Defendant-Appellant, Case No. 13-6003 (8th Cir.).  A copy of the
Eighth Circuit's Aug. 1, 2013 decision is available at
http://is.gd/DBRJK2from Leagle.com.

                       About Genmar Holdings

Pulaski, Wisconsin-based Carver Italia, LLC, and its affiliates,
including Genmar Holdings, Inc. -- http://www.genmar.com/-- were
the world's second-largest manufacturer of fiberglass powerboats.
The company generated $460 million in annual revenue making boats
using brand names including Carver, Four Winns, Glastron, Larson,
and Wellcraft.

On June 1, 2009, Genmar Holdings, Inc., and 22 subsidiaries,
including Wood Manufacturing Company, Inc., filed voluntary
Chapter 11 petitions (Bankr. D. Minn. Case No. 09-33773) in the
District of Minnesota. The cases were being jointly administered.
Carver Italia estimated $10 million to $50 million in assets and
$100 million to $500 million in debts.

James L. Baillie, Esq., and Ryan Murphy, Esq., at Fredrikson &
Byron, PA, assisted the Debtors in their restructuring efforts.
Manchester Companies, Inc., was named Chief Restructuring Officer
of Genmar.

In early 2010, Genmar obtained approval to sell its assets in an
auction.  Platinum Equity acquired essentially all of the assets
for $70 million.  J&D Acquisitions bought the Carver/Marquis
brands for $6.05 million.  MCBC Hydra Boats purchased the Hydra-
Sport business for $1 million.

The case was subsequently converted to Chapter 7 liquidation and
the Office of the U.S. Trustee for Region 12 appointed Charles W.
Ries as Chapter 7 case trustee.


GLW EQUIPMENT: Files Chapter 11 Petition in Minneapolis
-------------------------------------------------------
GLW Equipment Leasing, LLC, filed a bare-bones Chapter 11 petition
(Bankr. D. Minn. Case No. 13-44202) in Minneapolis, Minnesota, on
Aug. 27, 2013.

The Debtor estimated at least $10 million in assets and
liabilities.  It expects funds will be available for distribution
to unsecured creditors.

The Debtor's exclusive period to file a plan and disclosure
statement ends on Dec. 26, 2013.  Governmental entities are
required to send in their proofs of claim by Feb. 24, 2014.

Michael F. McGrath, Esq., at Ravich Meyer Kirkman & McGrath
Nauman, in Minneapolis, serves as the Debtor's counsel.


GLW EQUIPMENT: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: GLW Equipment Leasing, LLC
        10078 Landers Court N.E.
        Blaine, MN 55449

Bankruptcy Case No.: 13-44202

Chapter 11 Petition Date: August 26, 2013

Court: U.S. Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Katherine A. Constantine

Debtor's Counsel: Michael F. McGrath, Esq.
                  RAVICH MEYER KIRKMAN MCGRATH NAUMAN
                  & TANSEY, P.A.
                  4545 IDS Center
                  80 South Eighth Street
                  Minneapolis, MN 55402
                  Tel: (612) 332-8511
                  E-mail: mfmcgrath@ravichmeyer.com

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

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

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

The petition was signed by Warren Cadwallader, president.


GMX RESOURCES: Unveils Results of August 28 Bankruptcy Auction
--------------------------------------------------------------
GMX Resources Inc. disclosed that an auction of substantially all
of the assets of the Company and its wholly owned subsidiaries was
conducted on August 28, 2013 in accordance with the June 11, 2013
Order of the Bankruptcy Court, and that the winning bid at the
auction was the $338 million "Credit Bid Amount" made pursuant to
the Asset Purchase Agreement dated as of May 15, 2013, among GMXR
Acquisition LLC, GMX Resources Inc., each of the Company's
subsidiaries listed on the signature pages thereto and U.S. Bank
National Association, exclusively in its capacity as Trustee and
Collateral Agent for the holders of the Company's Senior Secured
Notes Series A due 2017 and Senior Secured Notes Series B due
2017.

As set forth in the Order, the Bankruptcy Court will consider
approval of the sale of the Purchased Assets at the hearing
scheduled on September 10, 2013.

As previously disclosed, the Asset Purchase Agreement provides for
the purchase of substantially all of the assets, properties,
rights and interests, tangible or intangible, of the Sellers'
business (free and clear of all liens, except Permitted Liens, as
defined therein) and the assumption of certain of the liabilities
of the Sellers by the Purchaser, pursuant to sections 363 and 365
of the Bankruptcy Code.  The purchase price under the Asset
Purchase Agreement is $338 million (which amount shall be payable
in the form of a credit bid of the Company's obligations owed to
the First Lien Lenders, subject to adjustment pursuant to the
Asset Purchase Agreement), together with the assumption of the
Assumed Liabilities.  There will be no adjustments to the purchase
price due to any title defects or environmental defects of the
Purchased Assets.  The Asset Purchase Agreement contains customary
representations and warranties of the Sellers and the Purchaser,
and certain pre-closing covenants including cooperation, access to
records, notification of certain matters and conduct of business.
The Asset Purchase Agreement is subject to customary conditions
precedent to closing, including the approval by the Bankruptcy
Court.

On June 11, 2013, the Bankruptcy Court approved the Order (a)
establishing bidding procedures in connection with the sale of
substantially all of the Debtors' assets, (b) approving the form
and manner of notices related to the asset sale, (c) scheduling
dates for an auction and sale hearing, (d) authorizing and
approving the form of a Stalking Horse Asset Purchase Agreement,
(e) approving procedures to determine cure amounts related to the
assumption and assignment of certain executory contracts, (f)
approving the sale of the assets free and clear of all liens,
claims, encumbrances to the winning bidder and (g) authorizing the
assumption and assignment of certain executory contracts and
unexpired leases of the Debtors.

The Order set a deadline to submit bids for the Debtors' assets at
August 21, 2013 at 12:00 p.m. central time.  If at least one
Qualifying Bid (as determined by the Debtors and their advisors,
in consultation with the Backstop Lenders, the Steering Committee
and the Creditors' Committee, as such terms are defined in the
Order) for the purchase of the Debtors' assets was received before
the Bid Deadline, then the Order provided that an auction would be
conducted on August 28, 2013 at 10:00 a.m. central time in
accordance with the bidding procedures pursuant to the Order.  The
Order also set the date for the sale hearing for the Bankruptcy
Court to consider approval of the sale of the Purchased Assets at
September 10, 2013 at 1:30 p.m. central time.

                        About GMX Resources

GMX Resources Inc. -- http://www.gmxresources.com/-- is an
independent natural gas production company headquartered in
Oklahoma City, Oklahoma.  GMXR has 53 producing wells in Texas &
Louisiana, 24 proved developed non-producing reservoirs, 48 proved
undeveloped locations and several hundred other development
locations.  GMXR has 9,000 net acres on the Sabine Uplift of East
Texas.  GMXR has 7 producing wells in New Mexico.  The Company's
strategy is to significantly increase production, revenues and
reinvest in increasing production.  GMXR's goal is to grow and
build shareholder value every day.

The Company reported net losses of $206.44 million in 2011,
$138.29 million in 2010, and $181.08 million in 2009.

GMX Resources filed a Chapter 11 petition in its hometown (Bankr.
W.D. Okla. Case No. 13-11456) on April 1, 2013, so secured lenders
can buy the business in exchange for $324.3 million in first-lien
notes.  David A. Zdunkewicz, Esq. at Andrews Kurth LLP represented
the Debtors as counsel.

GMX missed a payment due in March 2013 on $51.5 million in second-
lien notes.  Other principal liabilities include $48.3 million in
unsecured convertible senior notes.

The DIP financing provided by senior noteholders requires court
approval of a sale within 75 days following approval of sale
procedures. The lenders and principal senior noteholders include
Chatham Asset Management LLC, GSO Capital Partners, Omega Advisors
Inc. and Whitebox Advisors LLC.

Looper Reed is substituted as counsel for the Official Committee
of Unsecured Creditors in place of Winston & Strawn LLP, effective
as of April 25, 2013.  The Committee tapped Conway MacKenzie,
Inc., as financial advisor.


GMX RESOURCES: Objections to Sale Filed, Seal Approval Sought
-------------------------------------------------------------
BankruptcyData reported that multiple parties -- including EDF
Trading North America, GX Technology Corporation, Black Gold
Logistics and GMX Resources' official committee of unsecured
creditors -- filed with the U.S. Bankruptcy Court objections to
the sale of substantially all of the Debtors' assets.

The committee explains, "The proposed transaction with NewCo is,
in both sum and substance, a restructuring masquerading as a
'sale.' The First Lien Noteholders are acquiring more than that to
which they would be entitled were they to 'truly' credit bid or
otherwise foreclose under state law: the First Lien Noteholders
are getting the Debtors' assets, as well as favorable NOLs and
other tax attributes that are not part of their collateral
package. Moreover, no disclosure of the nature of the transaction
has been made -- in the Motion or otherwise -- explaining any of
these elements to the Court or parties in interest, and the matter
will not be put out for a vote by the creditor body in the context
of a chapter 11 plan. That the alleged 'credit bid sale'
constitutes a 'creeping' plan, or a sub rosa plan, could not be
more evident....This alleged sale is a restructuring, through and
through, but without the required and necessary disclosures and
protections afforded to parties in interest under the Bankruptcy
Code's plan and confirmation requirements."

In a separate motion the committee filed with the Court a motion
to file portions of its objection under seal, explaining, "The
Committee believes that both the Committee and the Debtors have a
bona fide interest in maintaining the confidentiality of the
confidential information in the Committee's Objection and Exhibit
A through a sealing order, unless otherwise ordered by the Court."

                        About GMX Resources

GMX Resources Inc. -- http://www.gmxresources.com/-- is an
independent natural gas production company headquartered in
Oklahoma City, Oklahoma.  GMXR has 53 producing wells in Texas &
Louisiana, 24 proved developed non-producing reservoirs, 48 proved
undeveloped locations and several hundred other development
locations.  GMXR has 9,000 net acres on the Sabine Uplift of East
Texas.  GMXR has 7 producing wells in New Mexico.  The Company's
strategy is to significantly increase production, revenues and
reinvest in increasing production.  GMXR's goal is to grow and
build shareholder value every day.

The Company reported net losses of $206.44 million in 2011,
$138.29 million in 2010, and $181.08 million in 2009.

GMX Resources filed a Chapter 11 petition in its hometown (Bankr.
W.D. Okla. Case No. 13-11456) on April 1, 2013, so secured lenders
can buy the business in exchange for $324.3 million in first-lien
notes.  David A. Zdunkewicz, Esq. at Andrews Kurth LLP represented
the Debtors as counsel.

GMX missed a payment due in March 2013 on $51.5 million in second-
lien notes.  Other principal liabilities include $48.3 million in
unsecured convertible senior notes.

The DIP financing provided by senior noteholders requires court
approval of a sale within 75 days following approval of sale
procedures. The lenders and principal senior noteholders include
Chatham Asset Management LLC, GSO Capital Partners, Omega Advisors
Inc. and Whitebox Advisors LLC.

Looper Reed is substituted as counsel for the Official Committee
of Unsecured Creditors in place of Winston & Strawn LLP, effective
as of April 25, 2013.  The Committee tapped Conway MacKenzie,
Inc., as financial advisor.


GREEKTOWN HOLDINGS: Releases Limited After Plan Confirmation
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that settling a lawsuit while precluding third parties
from suing the defendant is difficult to accomplish after plan
confirmation, in view of yesterday's decision by the U.S. Court
of Appeals in Cincinnati.

The case involved Greektown Holdings LLC, the owner of one of
three casinos in Detroit. The casino implemented a reorganization
plan in July 2010.  The trust created under the plan sued a pair
of Indian tribes.  A provision in the settlement agreement
required an injunction preventing all third parties from suing the
tribes for anything having to do with the casino.  Investors in
the casino unsuccessfully opposed the settlement.  By then in
federal district court, the judge decided the so-called third
party releases were acceptable because the investors didn't have
any claims against the tribes that could hold water.

According to the report, on appeal, the Sixth Circuit in
Cincinnati reversed, saying the releases were too broad.

The report notes that the opinion by Circuit Judge David W.
McKeague is valuable for its analysis of how third-party releases
in suits after the conclusion of a Chapter 11 case must satisfy
standards different from those when there are third-party releases
in a plan.  Judge McKeague said there are three tests for post-
confirmation third-party releases.  First, the court must
determine if there is jurisdiction.  He declined to follow a
similar case from the federal appeals court in Atlanta, saying it
would allow "jurisdiction on consent."  Instead, he followed the
appeals court in New Orleans, in a case called Feld v. Zale,
requiring that the third party's claims affect the bankrupt
estate.  Second, the court must decide if there is power to make
the injunction.  The injunction in the lower court didn't meet the
third test, barring releases of "claims with independent damages."
He said that a "bar order that enjoins independent claims and
provides no compensation is problematic to say the least."

Judge McKeague sent the case back to District Court with
instructions to narrow the scope of the third-party releases.

The case is Papas v. Buchwald Capital Advisors LLC (In re
Greektown Holdings LLC), 12-2434, Sixth U.S. Circuit Court of
Appeals (Cincinnati).

A copy of the Sixth Circuit's Aug. 26 opinion is available at
http://is.gd/qTvVJjfrom Leagle.com.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  The Debtors hired Daniel J. Weiner, Esq., Michael E.
Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC,
as their bankruptcy counsel; Judy B. Calton, Esq., at Honigman
Miller Schwartz and Cohn LLP, as their special counsel; Conway
MacKenzie & Dunleavy as their financial advisor, and Kurtzman
Carson Consultants LLC as claims, noticing, and balloting agent.
The Official Committee of Unsecured Creditors tapped Clark Hill
PLC as its counsel.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

On June 1, 2009, the Debtors filed a proposed Chapter 11 Plan of
Reorganization.  On Dec. 7, 2009, certain noteholder entities, the
Official Committee of Unsecured Creditors of the Debtors, and
Deutsche Bank Trust Company Americas, as indenture trustee,
proposed their own plan of reorganization for the Debtors.  On
Jan. 22, 2010, the Bankruptcy Court entered an order confirming
the Noteholder Plan.  The Plan was declared effective on June 30,
2010, after Greektown Casino Hotel obtained unanimous approval
from the Michigan Gaming Control Board on June 28 of the transfer
of the Company's ownership from the Sault Ste. Marie Tribe of
Chippewa Indian to new investors.


GREGORY & PARKER: Can Use GACAP and Regions Cash Collateral
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina, in a seventeenth interim order, authorized Gregory &
Parker, Inc., et al., to use rental receipts collected from the
operation of the Debtors' properties, until the date of the next
cash collateral hearing set for Aug. 20, 2013, at 11:00 a.m.

The rental receipts constitute cash collateral of Georgia Capital,
LLC, and Regions Bank.  The Debtors are not authorized to use the
cash collateral after Aug. 20, 2013 without Regions' and GACAP's
consent, or Court authorization after notice and a hearing.

                      About Gregory & Parker

Gregory & Parker Inc. owned Seaboard Station, a retail center near
William Peace University at the northern fringe of downtown
Raleigh, North Carolina.  Gregory & Parker filed a Chapter 11
petition Feb. 22, 2012 (Bankr. E.D.N.C. Case No. 12-01382).
Richard D. Sparkman, Esq., at Richard D. Sparkman & Assoc., P.A.,
represents the Debtor.  The Debtor estimated assets of between
$100,000 and $500,000, and debts of between $10 million and
$50 million.

Gregory & Parker, Inc.'s case has been procedurally consolidated
with the case of Gregory & Parker-Seaboard, LLC, Case No.
12-01383-8-SWH, which also sought Chapter 11 relief on Feb. 22,
2012.  Seaboard LLC estimated under $50,000 in assets, and between
$10 million and $50 million in debts.

William Douglas Parker, Jr., the Debtors' president, and his wife,
Diana Lynne Parker, the Debtors' corporate secretary, filed their
own bankruptcy case on April 25, 2012.

Bankruptcy Judge Stephani W. Humrickhouse presides over the cases.

Plans of reorganization were filed in the Debtors' cases and in
the Parkers case in November 2012.

In May 2013, Regions Bank and Georgia Capital, LLC -- the largest
secured creditors of the Debtors -- failed to convince the
Bankruptcy Court to dismiss or convert the cases to Chapter 7.

As reported in the TCR on Aug. 8, 2013, Gregory & Parker, Inc., on
Aug. 2 won Bankruptcy Court approval to sell the Seaboard Station
shopping and restaurant center to William Peace University for
$20.75 million.

Seaboard is Gregory & Parker's largest asset, and the sale marks a
significant step in resolving the Company's $19 million-plus
liabilities.  The sale entails $663,000 in brokerage commissions
to Capital Associates Management LLC, according to court
documents.


GREGORY PARKER: GACAP Opposes Approval of GPI's 2nd Amended Plan
----------------------------------------------------------------
Secured Creditor Gregory Capital, LLC, objects to the confirmation
of Gregory & Parker, Inc., et al.'s Second Amended Plan of
Reorganization filed in GPI's Chapter 11 case on July 12, 2013.

According to papers filed with Court, since the bankruptcy was
filed, GACAP has made minimal adequate protection payments, which
have ceased now that the only income-producing collateral owned by
the Debtor has been sold.

GACAP says it supports the Debtor's proposal to liquidate property
and pay GACAP's claim but objects to the Debtor's impairment of
the Claim.  According to GACAP, the Plan in not "fair and
equitable" with respect to its claim because the Plan fails to (i)
provide for the payment of the present value of its allowed
secured claim; (ii) provide that GACAP's lien on the Debtor
Properties attaches to the proceeds of any sale; and (iii) afford
it the right to credit bid at any sale of the Debtor Properties
securing its allowed secured claim.  "Additionally, Debtor
contends that Georgia Capital is an undersecured creditor but
inexplicably proposes in the Plan to fund the payment and
satisfaction of the claims of creditors subordinate to Georgia
Capital with the proceeds of the sale of the Debtor Properties,"
GACAP said.

Moreover, according to GACAP, the Debtor proposes to satisfy
administrative expenses from the proceeds of GACAP's collateral
without satisfying the strenuous requirements imposed by 11 U.S.C.
Section 506(c).  Subject only to 506(c), GACAP says it should
receive all proceeds until its allowed secured claim, including
interest and expenses, is fully paid.

GACAP objects to the Debtor's Plan's failure to provide for the
payment of its post-petition interest at the rate set forth in its
loan documents and ongoing interest until its claim is paid in
full.

For the same reasons, GACAP also objects to the confirmation of
Gregory & Parker Seaboard, LLC's Second Amended Plan of
Reorganization filed in Seaboard's Chapter 11 case on July 12,
2013.

A copy of GPI's Second Amended Plan is available at:

   http://bankrupt.com/misc/GPI.2ndAmendedPlan.doc478.pdf

A copy of GP-Seaboard's Second Amended Plan is available at:

   http://bankrupt.com/misc/GPSeaboard.2ndAmendedPlan.doc479.pdf

                    About Gregory & Parker

Gregory & Parker Inc. owned Seaboard Station, a retail center near
William Peace University at the northern fringe of downtown
Raleigh, North Carolina.  Gregory & Parker filed a Chapter 11
petition Feb. 22, 2012 (Bankr. E.D.N.C. Case No. 12-01382).
Richard D. Sparkman, Esq., at Richard D. Sparkman & Assoc., P.A.,
represents the Debtor.  The Debtor estimated assets of between
$100,000 and $500,000, and debts of between $10 million and
$50 million.

Gregory & Parker, Inc.'s case has been procedurally consolidated
with the case of Gregory & Parker-Seaboard, LLC, Case No.
12-01383-8-SWH, which also sought Chapter 11 relief on Feb. 22,
2012.  Seaboard LLC estimated under $50,000 in assets, and between
$10 million and $50 million in debts.

William Douglas Parker, Jr., the Debtors' president, and his wife,
Diana Lynne Parker, the Debtors' corporate secretary, filed their
own bankruptcy case on April 25, 2012.

Bankruptcy Judge Stephani W. Humrickhouse presides over the cases.

Plans of reorganization were filed in the Debtors' cases and in
the Parkers case in November 2012.

In May 2013, Regions Bank and Georgia Capital, LLC -- the largest
secured creditors of the Debtors -- failed to convince the
Bankruptcy Court to dismiss or convert the cases to Chapter 7.

As reported in the TCR on Aug. 8, 2013, Gregory & Parker, Inc., on
Aug. 2 won Bankruptcy Court approval to sell the Seaboard Station
shopping and restaurant center to William Peace University for
$20.75 million.

Seaboard is Gregory & Parker's largest asset, and the sale marks a
significant step in resolving the Company's $19 million-plus
liabilities.  The sale entails $663,000 in brokerage commissions
to Capital Associates Management LLC, according to court
documents.


HAMPTON LAKE: Can Hire Driggers Commercial Group as Appraiser
-------------------------------------------------------------
Hampton Lake, LLC et al, sought and obtained approval from the
U.S. Bankruptcy Court to employ Driggers Commercial Group, Inc. as
real estate appraiser for the Debtor's estate.

The Debtor, which is in the real estate development industry, has
roughly 230 lots in the Hampton Lake master planned community in
Bluffton, South Carolina, and owns and operates other community
common property, including a club facility, boathouse, spa and
fitness center, and a 165-acre freshwater lake.  The Debtor's
primary business is the operation of the community and the
development and sale of residential lots within the community.

Robert E. Driggers, the firm's president, attests that his firm is
a "disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code.

The Debtor and Driggers have agreed that the Firm will receive
$6,750 for its business valuation plus $300 per hour for time
related to any required testimony.

                        About Hampton Lake

Hampton Lake, LLC, filed a Chapter 11 petition (Bankr. D. S.C.
Case No. 13-02482) in Charleston, South Carolina on April 29,
2013.  G. William McCarthy, Jr., Esq. and Daniel J. Reynolds, Jr.,
Esq., at McCarthy Law Firm, LLC, serve as counsel to the Debtor.

The Debtor operates the Hampton Lake Subdivision in Bluffton,
South Carolina.  The Debtor disclosed $23.4 million in total
assets and $48.4 million in liabilities in its schedules.

The Debtor has a Chapter 11 plan that contemplates selling the
remaining 235 lots over the next three years to generate cash
covering payments to creditors under the plan.  The plan calls for
paying about 88.5 percent of the first-lien debt by selling out
the project in the next three years.  The noteholders are slated
for an 8.75 percent recovery.


HARRISBURG, PA: To Restructure Debt Outside of Bankruptcy
---------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the receiver for Harrisburg, Pennsylvania, filed a
plan in state court to restructure the city's finances without
another municipal bankruptcy filing.

To deal with $362.5 million in municipal debt, the city will sell
the waste-to-energy plant and lease the parking system.  Municipal
workers agreed to concessions.

Receiver William B. Lynch, appointed by the state, said that bond
insurer Assured Guaranty Municipal and Dauphin County should
recover at least $210 million on $298.5 million in claims.  For
the remainder, they are to receive future parking revenue and
proceeds from a fuel tax, if it's authorized by the legislature.

                 About Harrisburg, Pennsylvania

The city of Harrisburg, in Pennsylvania, is coping with debt
related to a failed revamp of an incinerator.  The city is
$65 million in default on $242 million owing on bonds sold to
finance an incinerator that converts trash to energy.

The Harrisburg city council voted 4-3 on Oct. 11, 2011, to
authorize the filing of a Chapter 9 municipal bankruptcy (Bankr.
M.D. Pa. Case No. 11-06938).  The city claims to be insolvent,
unable to pay its debt and in imminent danger of having
tax revenue seized by holders of defaulted bonds.

Judge Mary D. France presided over the Chapter 9 case.  Mark D.
Schwartz, Esq. and David A. Gradwohl, Esq., served as Harrisburg's
counsel.  The petition estimated $100 million to $500 million in
assets and debts.  Susan Wilson, the city's chairperson on Budget
and Finance, signed the petition.

Harrisburg said in court papers it is in imminent jeopardy through
six pending legal actions by creditors with respect to a number of
outstanding bond issues relating to the Harrisburg Materials,
Energy, Recycling and Recovery Facilities, which processes waste
into steam and electrical energy.  The owner and operator of the
incinerator is The Harrisburg Authority, which is unable to pay
the bond issues.  The city is the primary guarantor under each
bond issue.  The lawsuits were filed by Dauphin County, where
Harrisburg is located, Joseph and Jacalyn Lahr, TD Bank N.A., and
Covanta Harrisburg Inc.

The Commonwealth of Pennsylvania, the County of Dauphin, and
Harrisburg city mayor Linda D. Thompson and other creditors and
interested parties objected to the Chapter 9 petition.  The state
later adopted a new law allowing the governor to appoint a
receiver.

Kenneth W. Lee, Esq., Christopher E. Fisher, Esq., Beverly Weiss
Manne, Esq., and Michael A. Shiner, Esq., at Tucker Arensberg,
P.C., represented Mayor Thompson in the Chapter 9 case. Counsel to
the Commonwealth of Pennsylvania was Neal D. Colton, Esq., Jeffrey
G. Weil, Esq., Eric L. Scherling, Esq., at Cozen O'Connor.

In November 2011, the Bankruptcy Judge dismissed the Chapter 9
case because (1) the City Council did not have the authority under
the Optional Third Class City Charter Law and the Third Class City
Code to commence a bankruptcy case on behalf of Harrisburg and (2)
the City was not specifically authorized under state law to be a
debtor under Chapter 9 as required by 11 U.S.C. Sec. 109(c)(2).

Dismissal of the Chapter 9 petition was upheld in a U.S. District
Court.

That same month, the state governor appointed David Unkovic as
receiver for Harrisburg.  Mr. Unkovic is represented by the
Municipal Recovery & Restructuring group of McKenna Long &
Aldridge LLP, led by Keith Mason, Esq., co-chair of the group.

Mr. Unkovic resigned as receiver March 30, 2012.  Mr. Unkovic was
replaced by William Lynch as receiver.


HAWAII OUTDOOR: Bank Willing to Allow Further Use Its Cash
----------------------------------------------------------
First Citizens Bank, during the Aug. 26, 2013 further hearing to
consider the Chapter 11 Trustee for Hawaii Outdoor Tours, Inc.'s
continued use of the Bank's cash collateral, said it is willing to
allow further use of its cash collateral for another 30 days under
the existing terms.  The U.S. Bankruptcy Court for the District of
Hawaii ordered the Parties to submit a 9th Stipulated Order for
consideration of the Bankruptcy Court.

As reported in the TCR on Aug. 13, 2013, the Bankruptcy Court, in
an eighth interim order, authorized David C. Farmer, Chapter 11
trustee for Hawaii Outdoor Tours, Inc., to use cash collateral
until Aug. 26, 2013, to continue operating the property located at
93 Banyan Drive, Hilo, Hawaii, which includes the hotel known as
Naniloa Volcanoes Resort and a nine-hole golf course known as the
Naniloa Volcanoes Gold Club.

The Court will hold another hearing on Aug. 26, at 9:30 a.m., on
the Debtor's continued use of cash collateral.

As adequate protection from any diminution in value of the
lender's collateral, the Debtor granted First Citizens Bank a
replacement lien against all property of the Debtor, a
superpriority administrative claims status, subject to carve out
on certain expenses.

                     About Hawaii Outdoor Tours

Hawaii Outdoor Tours, Inc., operator of the Niloa Volcanoes
Resort in Hilo, Hawaii, filed a Chapter 11 petition (Bankr. D.
Haw. Case No. 12-02279) in Honolulu on Nov. 20, 2012.  Niloa
Volcanoes is a 382-room hotel with a nine-hole golf course.  The
64-acre property is subject to a 65-year lease, commencing Feb. 1,
2006, and provides for a total ground rent for the first 10 years
of $500,000 annually.  The Debtor used a $10 million loan from
First Regional Bank and $10 million of its own cash to invest in
the property.

First-Citizens Bank & Trust Company, which acquired the First
Regional note from the Federal Deposit Insurance Corp., commenced
foreclosure proceedings in August.  First-Citizens Bank asserts a
claim of $9.95 million.  The Debtor believes that the value of the
hotel property exceeds the amount of the First-Citizens Bank note.
Just the bricks and mortar alone was valued in excess of $35
million by First Regional's appraiser and the insurance company.

Bankruptcy Judge Robert J. Faris oversees the case.  Ramon J.
Ferrer, Esq., represents the Debtor as counsel.

In its schedules, the Debtor disclosed $52,492,891 in assets and
$11,756,697 in liabilities.  The petition was signed by CEO
Kenneth Fujiyama.

Ted N. Petitt, Esq., represents secured creditor First-Citizens
Bank as counsel.  Cynthia M. Johiro, Esq., represents the State of
Hawaii Department of Taxation as counsel.

Timothy J. Hogan, Esq., represents David C. Farmer, the Chapter 11
Trustee, as counsel.

Christopher J. Muzzi, Esq., at Tsugawa Biehl Lau & Muzzi, LLLC,
represents the Official Committee of Unsecured Creditors as
counsel.


HEALTH NET: Moody's Affirms Ba3 Sr. Debt Rating; Outlook Positive
-----------------------------------------------------------------
Moody's Investors Service affirmed Health Net, Inc.'s (NYSE: HNT)
Ba3 senior debt rating and the Baa3 insurance financial strength
(IFS) rating of its operating company, Health Net of California,
Inc. The outlook on the ratings has been changed to positive from
stable.

Ratings Rationale:

Moody's stated that the positive outlook reflects Health Net's
improved earnings results over the last 12 months as the company
repositioned its commercial book of business and addressed risks
regarding its California Medicaid contract. Moody's Senior Vice
President, Steve Zaharuk, added that, "In addition to improved
financial results, Health Net has positioned itself for growth
through participation in the individual health exchanges, Medicaid
expansion, and the dual-eligibles pilot program in California.
These growth opportunities are important for the company as it
continues to re-price and lose membership in the group commercial
segment."

The rating agency noted that for the 12 month period ending June
30, 2013, Health Net reported a healthy EBITDA margin of 2.5% and
a medical loss ratio (MLR) of 87%. This follows a problematic
first half of 2012 when the company reported an EBITDA margin of
1.2% and a MLR approaching 90%, above Moody's expectations.

However, Moody's noted that Health Net's growth strategies present
additional risks for the company over the next few quarters. In
particular, the new health care exchanges are untested and it is
not clear what levels of enrollment will be achieved. While there
are some financial safeguards built into the program (reinsurance,
risk corridors, and risk-based premium adjustments) to mitigate
losses from the potential adverse selection by new insureds, a
great deal of uncertainty surrounds the financial impact from this
business.

Moody's commented that a key risk with the California Medicaid
business and the new dual eligible program is the level of
reimbursement from the state. To address this concern, Health Net
announced in November 2012 that the company and the state of
California's Department of Health Care Services (DHCS) had entered
into a comprehensive risk-sharing agreement between the company
and California covering all of Health Net's state-sponsored
programs, including any potential future Medicaid expansion under
federal health care reform. The agreement includes five-year
extensions on each of Health Net's four existing Medi-Cal
contracts covering seven counties and a new settlement account
agreement, which includes the calculation of a surplus or deficit
based on contract performance above or below a defined pre-tax
margin target. The rating agency noted that this should promote
greater financial stability and predictability over the term of
the agreement; however, in the short term the company may still be
subject to some earnings volatility.

Commenting on another positive factor supporting Health Net's
credit profile, Moody's noted the company's substantial membership
base of over 5 million members, including 3 million TRICARE
members. The most recent TRICARE contract contains a number of
option periods, which if exercised, would extend the contract
until March 31, 2015.

Moody's indicated that if 1) EBITDA margin is sustained above 2%;
2) organic membership growth is flat or growing and 3) financial
leverage (debt to capital where debt includes operating leases) is
below 35%, Health Net's ratings could be upgraded. Since the
outlook is positive, a downgrade in the near term is unlikely;
however, if EBITDA margins fall below 2%; 2) membership declines
over a 12 month period; or 3) the consolidated risk based capital
(RBC) ratio decreases to below 180% of company action level (CAL),
the outlook may be returned to stable.

The following ratings were affirmed with a positive outlook:

Health Net, Inc. -- senior unsecured debt rating at Ba3;

Health Net of California, Inc. -- insurance financial strength
rating at Baa3.

Health Net, based in Woodland Hills, California, reported total
revenues of $5.5 billion for the first six months of 2013. As of
June 30, 2013, the company had total medical and administrative
services only membership of approximately 5.4 million and reported
shareholders' equity of $1.5 billion.

The principal methodology used in rating Health Net was Moody's
Rating Methodology for U.S. Health Insurance Companies published
in May 2011.

Moody's insurance financial strength ratings are opinions about
the ability of insurance companies to punctually pay senior
policyholder claims and obligations.


HEALTHWAREHOUSE.COM INC: Four Directors Elected to Board
--------------------------------------------------------
HealthWarehouse.com, Inc., held its annual meeting of shareholders
on Aug. 15, 2013, at which the shareholders voted on four
proposals.

Nominees Lalit Dhadphale, Youssef Bennani, Joseph Savarino, and
Ambassador Ned Siegel each received a plurality of the total votes
cast at the Annual Meeting and each was elected as a director of
the Company.  The proposal to ratify the appointment of Marcum LLP
as the Company's independent registered public accounting firm for
the year ending Dec. 31, 2013, was adopted by the shareholders of
the Company.  The proposal to adopt a non-binding resolution to
approve the compensation of the Company's named executive officers
was approved.  Finally, the stockholders selected "every year" as
the desired frequency of the non-binding resolution to approve the
compensation of the Company's named executive officers.

                         Form 10-K Amendment

Healthwarehouse.com has amended its annual report on Form 10-K for
the year ended Dec. 31, 2012.  The purpose of the amendment was to
furnish Exhibits 101 to the Form 10-K in accordance with Rule
201(c) and Rule 405 of Regulation S-T.  Exhibits 101 provide the
financial statements and related notes from the Form 10-K
formatted in XBRL (eXtensible Business Reporting Language).  No
other changes have been made to the Form 10-K.  A copy of the
amended Form 10-K is available for free at:

                        http://is.gd/5v8D3V

                      About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter ("OTC") medical products.

The Company reported a net loss of $5.57 million on $11.08 million
of net sales for the year ended Dec. 31, 2012, as compared with a
net loss of $5.71 million on $10.36 million of net sales during
the prior year.  As of Dec. 31, 2012, the Company had $2.15
million in total assets, $9.94 million in total liabilities and a
$7.79 million total stockholders' deficiency.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2012, citing significant losses and the need to raise additional
funds to meet the Company's obligations and sustain its
operations.

The Company said the delay in filing its Form 10-K resulted in the
loss of its quotation privileges, on the OTCQB market tier and the
liquidity for its common stock could be adversely affected by
reducing the ability or willingness of broker-dealers to make a
market in or otherwise sell the Company's shares and the ability
of our stockholders to sell their shares in the secondary market.
The Company's common stock currently trades on the OTC Pink market
tier.  Furthermore, on or about April 16, 2012, the Company lost
its Rule 144(i)(2) exemption which prevents the sale of restricted
stock into the public market.

                         Bankruptcy Warning

"The Company recognizes it will need to raise additional capital
in order to fund operations, meet its payment obligations and
execute its business plan.  There is no assurance that additional
financing will be available when needed or that management will be
able to obtain financing on terms acceptable to the Company and
whether the Company will become profitable and generate positive
operating cash flow.  If the Company is unable to raise sufficient
additional funds, it will have to develop and implement a plan to
further extend payables, attempt to extend note repayments,
attempt to negotiate the preferred stock redemption and reduce
overhead until sufficient additional capital is raised to support
further operations.  There can be no assurance that such a plan
will be successful.  If the Company is unable to obtain financing
on a timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code," the Company said in its annaul report for
the year ended Dec. 31, 2012.


HERITAGE CONSOLIDATED: Court OKs Cash Collateral Use Until Aug. 31
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas on
Aug. 21 approved a stipulation granting a short extension -- until
Aug. 31, 2013 -- of Heritage Consolidated, LLC, et al.'s use of
cash collateral.

The stipulation was entered with the Official Committee of
Unsecured Creditors.

Joe E. Marshall, Esq., -- jmarshall@munsch.com -- at Munsch Hardt
Kopf & Harr, P.C. represents the Debtors as counsel.  Brian A.
Kilmer, Esq. -- brian.kilmer@chamberlainlaw.com -- at Chamberlain,
Hrdlicka, White, Williams & Aughtry represents the Committee as
counsel.

As reported in the Troubled Company Reporter on Aug. 16, 2013, as
adequate protection for Bank of Maine's interests in property
of the estate, the Debtor will continue to make payments to BOM in
the amount of $10,500 per month.  As further adequate protection
for BOM, the Debtor will escrow the sum of $14,500.  BOM is also
granted a replacement lien in all assets of the Debtor, which lien
will not be subject to any lien which is avoided and which would
otherwise be preserved for the benefit of the Debtor's estate
under Section 551 of the Bankruptcy Code.  As further adequate
protection, the Debtor will pay all future real estate taxes on
real estate that the Debtor proposes to retain under the Plan
Support Agreement.

The Debtor this month obtained confirmation of its Second Amended
Chapter 11 Plan which was 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; and

     (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.


HERON LAKE: Releases Preliminary Results for May and June
---------------------------------------------------------
Heron Lake BioEnergy, LLC, began mailing to subscribers in its
Notes Offering certain material non-public information regarding
the Company's preliminary unaudited condensed consolidated
financial information for May and June 2013.  This information was
included in a Disclosure Statement Supplement, dated Aug. 16,
2013, to a Confidential Disclosure Statement dated June 11, 2013,
relating to the Company's offering of a minimum of $5 million and
a maximum of $12 million in aggregate principal amount of 7.25
percent Secured Subordinated Notes due 2018.

The Company disclosed revenues of $15.95 million in May 2013 as
compared with revenues of $14.66 million in June 2013.  As of
June 30, 2013, the Company had $59.57 million in total assets,
$41.96 million in total liabilities and $17.61 million total
members' equity.

The preliminary unaudited condensed consolidated financial
information for May and June 2013 is subject to the Company's
management's and independent auditors' customary accounting and
review procedures.

A copy of the Preliminary Report is available for free at:

                        http://is.gd/RQTKFO

                          About Heron Lake

Heron Lake BioEnergy, LLC, operated a dry mill, coal fired ethanol
plant in Heron Lake, Minnesota.  After completing a conversion in
November 2011, the Company is now a natural gas fired ethanol
plant.  Its subsidiary, HLBE Pipeline Company, LLC, owns 73
percent of Agrinatural Gas, LLC, the pipeline company formed to
construct, own, and operate a natural gas pipeline that provides
natural gas to the Company's ethanol production facility through a
connection with the natural gas pipeline facilities of Northern
Border Pipeline Company in Cottonwood County, Minnesota.  Its
subsidiary, Lakefield Farmers Elevator, LLC, has grain facilities
at Lakefield and Wilder, Minnesota.  At nameplate, the Company's
ethanol plant has the capacity to process approximately 18.0
million bushels of corn each year, producing approximately 50
million gallons per year of fuel-grade ethanol and approximately
160,000 tons of distillers' grains with soluble.

In its report on the Company's financial statements for the fiscal
year ended Oct. 31, 2012, Boulay, Heutmaker, Zibell & Co.
P.L.L.P., in Minneapolis, Minnesota, expressed substantial doubt
about Heron Lake BioEnergy's ability to continue as a going
concern.  The independent auditors noted that the Company has
incurred losses due to difficult market conditions and the
impairment of long-lived assets.  "The Company is out of
compliance with its master loan agreement and is operating under a
forbearance agreement whereby the Company agreed to sell
substantially all of its assets."

The Company reported a net loss of $32.35 million for the year
ended Oct. 31, 2012, as compared with net income of $543,017 for
the year ended Oct. 31, 2011.  As of April 30, 2013, the Company
had $59.78 million in total assets, $44.05 million in total
liabilities and $15.72 million in total members' equity.

                         Bankruptcy Warning

At Jan. 31, 2013, the Company's total indebtedness to AgStar was
approximately $41.1 million.  All of the Company's assets and real
property are subject to security interests and mortgages in favor
of AgStar as security for the obligations of the master loan
agreement.  The Company's failure to pay any required installment
of principal or interest or any other amounts payable under the
Company's Term Loan or Term Revolving Loan or the Company's
failure to perform or observe any covenant under the Sixth Amended
and Restated Master Loan Agreement would result in an event of
default, entitling AgStar to accelerate and declare due all
amounts outstanding under the Company's Term Loan and its Term
Revolving Loan.

"Upon the occurrence of any one or more Events of Default, as
defined under the Sixth Amended and Restated Forbearance
Agreement, including failure to observe any of the financial or
affirmative covenants...AgStar may accelerate all of our
indebtedness and may seize the assets that secure our
indebtedness, causing us to lose control of our business.  We may
also be forced to sell our assets, restructure our indebtedness,
submit to foreclosure proceedings, cease operations or seek
bankruptcy or reorganization protection," according to the
Company's quarterly report for the three months ended Jan. 31,
2013.


HORIYOSHI WORLDWIDE: Had $352,000 Net Loss in Second Quarter
------------------------------------------------------------
Horiyoshi Worldwide Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $352,062 on $208,001 of net revenue for the three
months ended June 30, 2013, as compared with a net loss of
$572,919 on $146,283 of net revenue for the same period during the
prior year.

For the six months ended June 30, 2013, the Company reported a net
loss of $788,817 on $524,361 of net revenue, as compared with a
net loss of $1.16 million on $462,844 of net revenue for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $763,859 in
total assets, $2.62 million in total liabilities and a $1.86
million total stockholders' deficit.

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

                        http://is.gd/B4HN8E

                     About Horiyoshi Worldwide

Los Angeles, Calif.-based Horiyoshi Worldwide, Inc., is a clothing
and accessories design and distribution company whose products are
inspired by the artwork of Japanese master tattoo artist Yoshihito
Nakano -- better known as Horiyoshi III.

Horiyoshi Worldwide disclosed a net loss of $3 million on $1.01
million of net revenue for the year ended Dec. 31, 2012, as
compared with a net loss of $2.89 million on $684,500 of net
revenue for the year ended Dec. 31, 2011.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that as of Dec. 31, 2012, the Company has accumulated losses of
$6,747,446 since inception.  The company intends to fund
operations through equity financing arrangements, which may be
insufficient to fund its capital expenditures, working capital and
other cash requirements for the year ending Dec. 31, 2013.  In
response to these problems, management intends to raise additional
funds through public or private placement offerings.  These
factors, among others, raise substantial doubt about the company's
ability to continue as a going concern.


HOSTESS BRANDS: Hackman Capital Partners Sweeps Up Assets
---------------------------------------------------------
Maura Webber Sadovi, writing for Daily Bankruptcy Review, reported
that real-estate investment firm Hackman Capital Partners LLC is
betting it can turn a sweet profit by acquiring out of bankruptcy
proceedings property and other assets from the former Hostess
Brands Inc. empire.

                         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: May Swap $20MM Notes for 2.5MM Common Shares
-----------------------------------------------------------
IMH Financial Corporation disclosed in a Form T-3 filing with the
U.S. Securities and Exchange Commission that it may issue up to
$20 million aggregate principal amount of 4 percent Subordinated
Notes due 2018 in exchange for up to 2,493,765 shares of common
stock, par value $0.01 per share, of the Company at an exchange
rate of $8.02 aggregate principal amount of Notes for each share
of common stock validly tendered.

The Exchange Offer is being made pursuant to the terms of that
certain Stipulation and Agreement of Compromise, Settlement and
Release, dated as of March 19, 2013, following a fairness hearing
and approval of the fairness of the Notes and the Exchange Offer
by the Delaware Chancery Court.  The Exchange Offer is being made
solely to "Class Members," as that term is defined in the
Stipulation.  The Class Members were given notice of and an
opportunity to appear at the fairness hearing pursuant to
documentation and procedures approved by the Court.  The fairness
hearing was held on July 18, 2013.

The Exchange Offer will be exempt from registration under the
Securities Act of 1933, as amended, pursuant to the provisions of
Section 3(a)(10) thereof and the conditions outlined in Staff
Legal Bulletin No 3A (CF), dated June 18, 2008.

A copy of the Form T-3 is available for free at:

                         http://is.gd/Bc3mDz

                         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.  The Company's balance sheet at March 31, 2013,
showed $227.79 million in total assets, $100.92 million in total
liabilities and $126.86 millionin total stockholders' equity.


INFUSYSTEM HOLDINGS: ISS and Glass Lewis Change Recommendations
---------------------------------------------------------------
InfuSystem Holdings, Inc., said that the two leading independent
proxy voting advisory services, Institutional Shareholder Services
(ISS) and Glass, Lewis & Co., have changed certain of their prior
recommendations regarding proposals appearing in the Company's
Proxy Statement for the 2013 Annual Meeting of Stockholders to be
held on Aug. 29, 2013.

   * ISS now recommends support of Proposal #1, advising that
     stockholders vote "FOR" all director nominees.

   * Both Firms now recommend support Proposal #3, advising that
     stockholders vote "FOR" increasing the number of shares
     authorized for issuance under the Company's 2007 Stock
     Incentive Plan.

A supplement to the Proxy Statement was filed on EDGAR
(www.sec.gov) on Aug. 21, 2013, and is also available on the
Investors page of the Company's Web site (www.infusystem.com).

Stockholders who have questions in connection with this or other
proposals, or who need assistance in voting their shares, are
asked to call the Company's Proxy Solicitation firm:

Georgeson Inc.
1.800.891.3214 (Toll Free)

                    About InfuSystem Holdings

InfuSystem Holdings, Inc., operates through operating
subsidiaries, including InfuSystem, Inc., and First Biomedical,
Inc.  InfuSystem provides infusion pumps and related services.
InfuSystem provides services to hospitals, oncology practices and
facilities and other alternate site healthcare providers.
Headquartered in Madison Heights, Michigan, InfuSystem delivers
local, field-based customer support, and also operates pump
service and repair Centers of Excellence in Michigan, Kansas,
California, and Ontario, Canada.

Infusystem Holdings disclosed a net loss of $1.48 million in 2012,
as compared with a net loss of $45.44 million in 2011.  As of
June 30, 2013, the Company had $75.75 million in total assets,
$34.94 million in total liabilities and $40.80 million in
total stockholders' equity.


IPC INTERNATIONAL: Assets to Be Auctioned on Oct. 2
---------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that IPC International Corp. will conduct an auction to
sell the business on Oct. 2.

The report relates that IPC signed a contract before bankruptcy
for Universal Protection Services LLC to buy the business for
$21.3 million plus assumption of specified liabilities.  IPC said
the price would pay secured creditors in full plus expenses of the
bankruptcy, permitting some recovery for unsecured creditors.

According to the report, under auction and sale procedures
approved Aug. 27 by the U.S. Bankruptcy Court in Delaware,
competing bids are due Sept. 27.  A hearing to approve the sale
will take place Oct. 9.

                      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. 13-12050) 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.

The bankruptcy is being financed with a $12 million loan from
existing lender PrivateBank & Trust Co. as agent. There will be a
final hearing Sept. 9 for approval of the entire loan package. The
loan requires quick sale.


IPC INTERNATIONAL: US Trustee Balks at Bonus Plan
-------------------------------------------------
Law360 reported that the U.S. Trustee's Office questioned an
employee bonus plan for bankrupt mall security firm IPC
International Corp., arguing that all the work was already done
when the company filed for Chapter 11 protection with a deal for a
$21 million stalking horse sale in hand.

According to the report, the plan covers six employees, but U.S.
Trustee Roberta A. DeAngelis took particular issue with a $145,000
bonus slated for Chief Financial Officer Scott Strong when a
proposed sale to rival Universal Protection Service LLC, or any
higher bidder is consummated.

                      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 Silverman Consulting as Financial Advisor
-----------------------------------------------------------------
IPC International Corporation and The Security Network Holdings
Corporation seek authority from the U.S. Bankruptcy Court for the
District of Delaware to employ Silverman Consulting Group, Inc.,
as financial advisor.

The Debtors have agreed to pay Silverman professional fees at the
following hourly rates:

   Michael Silverman           $650
   Constadinos Tsitsis         $340
   Ryan Perrone                $230

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

Mr. Silverman, founder of Silverman Consulting LLC, 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.

Prior to the Petition Date, Silverman had received $1,655,619 for
fees and $16,589 for expenses.  As of the Petition Date, Silverman
was owed $239,813 in compensation by the Debtors.

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 Kurtzman Carson as Claims & Admin Agent
------------------------------------------------------------------
IPC International Corporation and The Security Network Holdings
Corporation sought and obtained authority from the U.S. Bankruptcy
Court for the District of Delaware to employ Kurtzman Carson
Consultants LLC as claims and noticing agent.

The Debtors also seek the Court's authority to employ KCC as
administrative agent to, among other things, assist the Debtors in
the prepetition of schedules of assets and liabilities and
statements of financial affairs, and manage any distribution
pursuant to a confirmed Plan.  The hearing on the Debtors'
application to employ KCC as administrative agent is scheduled for
Sept. 3, 2013, at 2:00 p.m.  Objections are due Aug. 27.

Prior to the Petition Date, the Debtors paid a retainer of $25,000
to KCC for claims and noticing services.  KCC will be paid its
customary hourly rates for the services rendered to the Debtors.

Evan Gershbein, the senior vice president of corporate
restructuring services of KCC, assured 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.

                      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.


IRISH BANK RESOLUTION: Files Chapter 15 in Delaware
---------------------------------------------------
The liquidation vehicle for what was once one of Ireland's largest
banks filed a Chapter 15 petition (Bankr. D. Del. Case No. 13-
12159) on Aug. 26 to protect U.S. assets of the former Anglo Irish
Bank Corp. from being seized by creditors.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Irish Bank Resolution is seeking assistance from the
U.S. court in liquidating Anglo Irish Bank Corp. and Irish
Nationwide Building Society.

The two banks failed and were merged into IBRC in July 2011.  IBRC
was tasked with winding them down and liquidating their assets.
In February, when Irish lawmakers adopted the Irish Bank
Resolution Corp., IBRC was placed into a special liquidation in
the Irish High Court to complete liquidation and distribution of
the two banks' assets.

IBRC's principal asset as of June 2012 was a loan portfolio valued
at some 25 billion euros ($33.5 billion). About 70 percent of the
loans were to Irish borrowers. Some 5 percent of the portfolio was
under U.S. law, according to a court filing.  Total liabilities in
June 2012 were about 50 billion euros, according to a court
filing.

Most assets in the U.S. have been sold already.  IBRC is involved
in lawsuits in the U.S.

The IRBC liquidators want the U.S. bankruptcy judge to rule that
Ireland is home to the so-called foreign main bankruptcy
proceeding.  If the judge agrees and determines that IBRC
otherwise qualifies, creditor actions in the U.S. will halt
automatically.

The liquidators say they aren't seeking any relief from the U.S.
court, such as halting lawsuits, before the ruling on Chapter 15
qualification. Once IBRC is formally in Chapter 15, the U.S. court
can also assist in collecting assets in the U.S.

The liquidators say they intend to sell off the remaining assets
to the highest bidders, so long as the offers exceed appraised
values.


IZEA INC: Reports 42.5% Increase in Revenues for Q2 2013
--------------------------------------------------------
IZEA, Inc., announced record results for the second quarter of
2013.  Revenues for the quarter ended June 30, 2013, were
$1,715,273, an increase of $511,255 or 42.5 percent compared to
the same period in 2012 and an all-time high for the company.

The company achieved record net bookings of $1.8 million for the
quarter, besting the previous record set in Q1 of this year.
Bookings were up 56 percent compared to the same period in 2012.
The company booked $3.45 million in sales during the first half of
2013, or $6.9 million on an annualized run-rate basis.  Revenue
from booked business is typically recognized within 90 days of the
initial sale.

IZEA's operating expenses for the quarter ended June 30, 2013,
were $1,479,659 a decrease of $812,168 or 35.4 percent compared to
$2,291,827 in the same period in 2012.  The decrease in expenses
was primarily attributable to decreased professional, payroll and
marketing expenses.

EBITDA was $(321,343) compared to $(1,255,037) during the same
period of last year, an improvement of 74 percent.  Net loss for
the period in accordance with accounting principles generally
accepted in the United States, or GAAP, was $(893,470) compared to
$(1,839,389) during the same period last year.

"In late 2012 we began a process of refocusing operations and
streamlining our sales and marketing efforts," said Ted Murphy,
IZEA's founder and chief executive officer.  "As a result, we have
not only delivered record revenue and record bookings, but made
significant headway towards profitability.  While we are not yet
at that point, I am confident in our ability to efficiently scale
and cross that threshold in the future."

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

                       http://is.gd/WzddSp

                          About IZEA, Inc.

IZEA, Inc., headquartered in Orlando, Fla., believes it is a world
leader in social media sponsorships ("SMS"), a rapidly growing
segment within social media where a company compensates a social
media publisher to share sponsored content within their social
network.  The Company accomplishes this by operating multiple
marketplaces that include its platforms SocialSpark,
SponsoredTweets and WeReward, as well as its legacy platforms
PayPerPost and InPostLinks.

The Company has incurred significant losses from operations since
inception and has an accumulated deficit of $20.9 million as of
June 30, 2012.  The Company's balance sheet at March 31, 2013,
showed $1.01 million in total assets, $2.96 million in total
liabilities and a $1.94 million total stockholders' deficit.

Cross, Fernandez & Riley, LLP, in Orlando, Florida, expressed
substantial doubt about IZEA's ability to continue as a going
concern, following the Company's results for the fiscal year ended
Dec. 31, 2011.  The independent auditors noted that the Company
has incurred recurring operating losses and had an accumulated
deficit at Dec. 31, 2011, of $18.1 million.


JACKSONVILLE BANCORP: Fourth Amendment to 10MM Shares Prospectus
----------------------------------------------------------------
Jacksonville Bancorp, Inc., has amended its registration statement
on Form S-1 relating to the distribution of subscription rights
exercisable for up to an aggregate of 10 million shares of the
Company's common stock.

The Company amended the registration statement to delay its
effective date until the Company will file a further amendment
which specifically states that this Registration Statement will
thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933, as amended, or until the Registration
Statement will become effective on that date as the Commission,
acting pursuant to said Section 8(a), may determine.

Each whole subscription right will entitle holders of the
Company's common stock, to purchase 2.0002 shares of common stock,
at a subscription price of $0.50 per share.  The subscription
price is the same price, on an as-converted basis, at which the
Company effected its December 2012 private placement of 50,000
shares of the Company's Series A Preferred Stock.

The subscription rights will expire if they are not exercised by
5:00 p.m., New York time, on Sept. 20, 2013, unless the Company
extends the rights offering period.

The Company's common stock is listed on the Nasdaq Stock Market
under the symbol "JAXB."  On Aug. 20, 2013, the last reported sale
price of the Company's common stock on the Nasdaq Stock Market was
$0.52 per share.

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

                        http://is.gd/vayfVK

                     About Jacksonville Bancorp

Jacksonville Bancorp, Inc., a bank holding company, is the parent
of The Jacksonville Bank, a Florida state-chartered bank focusing
on the Northeast Florida market with approximately $583 million in
assets and eight full-service branches in Jacksonville, Duval
County, Florida, as well as the Company's virtual branch.  The
Jacksonville Bank opened for business on May 28, 1999, and
provides a variety of community banking services to businesses and
individuals in Jacksonville, Florida.

Jacksonville Bancorp disclosed a net loss of $43.04 million in
2012, a net loss of $24.05 million in 2011 and a $11.44 million
net loss in 2010.

The Company's balance sheet at March 31, 2013, showed
$520.89 million in total assets, $487.47 million in total
liabilities and $33.42 million in total shareholders' equity.

"Both Bancorp and the Bank must meet regulatory capital
requirements and maintain sufficient capital and liquidity and our
regulators may modify and adjust such requirements in the future.
The Bank's Board of Directors has agreed to a Memorandum of
Understanding (the "2012 MoU") with the FDIC and the OFR for the
Bank to maintain a total risk-based capital ratio of 12.00% and a
Tier 1 leverage ratio of 8.00%.  As of December 31, 2012, the Bank
was well capitalized for regulatory purposes and met the capital
requirements of the 2012 MoU.  If noncompliance or other events
cause the Bank to become subject to formal enforcement action, the
FDIC could determine that the Bank is no longer "adequately
capitalized" for regulatory purposes.  Failure to remain
adequately capitalized for regulatory purposes could affect
customer confidence, our ability to grow, our costs of funds and
FDIC insurance costs, our ability to make distributions on our
trust preferred securities, and our business, results of
operation, liquidity and financial condition, generally,"
according to the Company's annual report for the year ended
Dec. 31, 2012.


JERRY'S NUGGET: May Expand Scope of William Kimmel's Employment
---------------------------------------------------------------
Jerry's Nugget, Inc. et al, sought and obtained permission from
the U.S. Bankruptcy Court to expand the scope of William G.
Kimmel's employment as the Debtors' valuation expert.

The scope of William G. Kimmel's employment as the Debtors'
valuation expert in these Chapter 11 Cases is expanded to include
the provision of the Supplemental Appraisal, which employment is
subject to the Engagement Agreement, as modified by the Kimmel
Letter.

The Debtors are authorized to immediately pay Kimmel the $7,500
flat fee for the Supplemental Appraisal upon entry of the Court's
order.

Attorneys for the Debtors can be reached at:

         Talitha Gray Kozlowski, Esq.
         Gerald M. Gordon, Esq.
         Teresa M. Pilatowicz, Esq.
         Kirk D. Homeyer, Esq.
         3960 Howard Hughes Pkwy., 9th Floor
         Las Vegas, NV 89169

            About Jerry's Nugget and Spartan Gaming

Jerry's Nugget Inc., operates Jerry's Nugget, a casino consisting
of approximately 87,187 square feet of building area and 24,511
square fee of casino floor space with approximately 630 slot and
video poker machines and 9 table games.  Jerry's Nugget also
contains a sports book, a keno area and a small live pit.

Jerry's Nugget Inc. and affiliate Spartan Gaming LLC sought
Chapter 11 protection (Bankr. D. Nev. Lead Case No. 12-19387) in
Las Vegas, Vegas, on Aug. 13, 2012.  Jerry's Nugget, owned by the
Stamis family, has a 9.1-acre casino property in North Las Vegas.
The property consists of 87,187 square feet of building area and
24,511 square feet of casino floor space, with 630 slot and video
poker machines and 9 table games.  Jerry's Nugget also contains a
sports book, a keno area, and a small live pit.  There are two
restaurants the Uncle Angelo's Pizza Joint and Jerry's Famous
Coffee shop as well as Uncle Angelo's Bakery, a locals' favorite.
Net revenues totaled $22.5 million, including $15.3 million in
gaming revenue, in the year ended Dec. 31, 2011.  Spartan Gaming
owns 12 parcels of real property in Nevada.  Two of the parcels
provide parking access for Jerry's Nugget.

Judge Mike K. Nakagawa presides over the case. Gerald M. Gordon,
Esq., at Gordon Silver represent the Debtors.  Jerry's Nugget
estimated assets and debts of $10 million to $50 million.  Jerry's
Nugget said its current going concern value is at least
$8 million.  Spartan Gaming estimated $1 million to $10 million in
assets and debts.  The petitions were signed by Jeremy Stamis,
president.

In its schedules, Jerry's Nugget disclosed $12,378,944 in assets
and $10,771,442 in liabilities as of the Petition Date.

The Debtors' Plan generally provides for the repayment of claims
against the Debtors as: (i) Allowed Secured Claims will be paid in
full with interest; (ii) Allowed Priority Claims will be paid in
full with interests; (iii) Allowed Administrative Convenience
Claims will be paid in full; and (iv) Allowed General Unsecured
Claims will be paid their pro rata portion of $2,500,000, which
will be funded by Debtors' ongoing operations and the $400,000 or
greater contribution from the Stamis Trusts.  Existing Equity
Securities in JNI and Spartan Gaming will be canceled and 100
percent of the Reorganized Debtors' stock and membership issued to
the Stamis Trusts.

The Bankruptcy Court approved on June 28, 2013, the amended
disclosure statement describing the Debtors' Joint Plan.  The
hearing to confirm the Plan was scheduled for Aug. 26, 2013, at
9:30 a.m.

The law firm of Dorsey & Whitney represents US Bank; Morris Law
Group and H3 Law represent CRE; The Schwartz Law Firm represent
The George Stamis Family Trust, George Stamis and Effie Stamis.


KB HOME: Fitch Affirms 'B+' Issuer Default Rating, Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed KB Home's (NYSE: KBH) Issuer Default
Rating (IDR) at 'B+' and senior unsecured rating at 'B+/RR4'. The
Rating Outlook is Stable.

Key Rating Drivers

The ratings and Outlook for KBH are based on the company's
geographic diversity, customer and product focus, conservative
building practices and effective utilization of return on invested
capital (ROIC) criteria as a key element of its operating model,
as well as the on-going housing recovery. The company did a good
job in reducing its inventory exposure and generating positive
operating cash flow during the severe industry downturn. Since its
peak in the third quarter of 2006 (3Q'06), homebuilding debt has
been reduced from $7.89 billion to $1.94 billion currently.

The ratings also reflect KBH's business model and marketing
prowess. The ratings take into account the company's current
primary exposure to entry-level and, to a lesser degree, first-
step trade-up housing (the deepest segments of the market), its
leadership role in constructing energy-efficient homes, its
reemphasis of the value-engineered Open Series of home designs,
its conservative building practices, utilization of ROIC criteria
as a key element of its operating model and its capital structure.

The Industry

Housing metrics have all showed improvement so far in 2013. For
the first seven months of the year, single-family housing starts
improved 20.1%, while existing home sales increased 12.0%. New-
home sales improved 21.8% for the first seven months of 2013. The
most recent Freddie Mac 30-year interest rate was 4.58%, 127 bps
above the all-time low of 3.31% set the week of Nov. 21, 2012. The
NAHB's latest existing home affordability index was 172.7,
moderately below the all-time high of 207.3.
Fitch's housing forecasts for 2013 assume a continued moderate
rise off the bottom of 2011. New-home inventories are at
historically low levels and affordability is near record highs. In
a slowly growing economy with still above-average distressed home
sales competition, less competitive rental cost alternatives and
low mortgage rates (on average), the housing recovery will be
maintained this year.

Fitch's housing estimates for 2013 follow: Single-family starts
are forecast to grow 18.3% to 633,000, while multifamily starts
expand about 19% to 292,000; single-family new-home sales should
grow approximately 22% to 448,000 as existing home sales advance
7.5% to 5.01 million.

Average single-family new-home prices (as measured by the Census
Bureau), which dropped 1.8% in 2011, increased 8.7% in 2012.
Median home prices expanded 2.4% in 2011 and grew 7.9% in 2012.
Average and median home prices should improve approximately 5.0%
and 4.0%, respectively, in 2013.

As Fitch noted in the past, the housing recovery will likely occur
in fits and starts.

Real Estate

At the end of the second quarter of 2013, KBH controlled 52,725
lots, an 18.0% increase from the end of the second quarter of 2012
but a 73.2% decrease from a peak of 197,000 lots at the end of
1Q'06 (February 2006). Based on LTM closings, the company
controlled 7.4 years of land (up from 5.1 years at the end of
2005); KBH has 5 years of owned land. The current options share of
total lots controlled (32.0%) is down sharply from the peak of
53.7% (4Q'05). KBH is expected to maintain substantial land
spending this year, targeting finished lots and when possible
taken down on a just-in-time basis with a minimum option deposit.
The company expended about $575 million on land and land
development in the first half of 2013. For the full fiscal year
2013, KBH is currently projected to spend up to $1.2 billion for
the combination of land and development. The company expended
$564.9 million on land and development in 2012, $553 million in
2011 (including the $75 million South Edge JV investment), $560
million in 2010, and $375 million in 2009.

Financial Metrics and Liquidity

KBH's most recent credit metrics, while improving in certain
cases, remain stressed. Debt-to-capitalization was 82.1% as of
year-end 2012. The ratio was 80.5% as of May 31, 2013. Net debt
(debt less unrestricted homebuilding cash)-to-capitalization was
74.9% at the end of 2Q'13, down from 76.1% as of Nov. 30, 2012.
Debt-to-LTM EBITDA, excluding real estate impairments, was 12.8x
at May 31, 2013, and 28.0x at the same date last year. Interest
coverage was 1.1x as of May 2013 and 0.5x as of May 2012.

During 2012, KBH refinanced a substantial amount of debt scheduled
to mature in 2014 and 2015. In February 2012, the company issued
$350 million of senior unsecured notes maturing in 2020 and
applied the proceeds to the tender of $340 million for a portion
of the $1 billion in debt due in 2014 and 2015. In early August
2012, KBH issued another $350 million of senior unsecured notes
maturing in 2022, tendered for $244.9 million of 2014 and 2015
debt. This activity reduced 2014 public debt maturities to less
than $76 million. It also boosted liquidity by adding $105 million
of unrestricted cash to the balance sheet.

On Feb. 4, 2013, the company reported that it issued an
underwritten public offering of $230 million in aggregate
principal amount of its 1.375% convertible senior notes due 2019.
Also, on Feb. 4, 2013, KBH reported that it completed the sale of
6.325 million shares of its common stock. The company received
total net proceeds of $332.9 million from the convertible and
stock offerings.

KBH currently has solid liquidity with unrestricted homebuilding
cash of $538.6 million as of May 31, 2013. In addition to its cash
and equivalents, KBH has once again established a revolving credit
facility. On March 18, 2013, the company announced its closing of
a new $200 million unsecured revolving credit facility. The credit
facility, which closed on March 12, contains an accordion feature
under which the aggregate commitment may be increased up to $300
million, subject to certain conditions and the availability of
additional bank commitments. KBH previously had an unsecured
credit facility that it voluntarily terminated March 31, 2010 in
order to reduce costs associated with the facility.

The company reported negative $267.6 million of cash flow from
operations (CFFO) during the first half of 2013 after investing
roughly $575 million in land and development during the first six
months of 2013. For all of fiscal 2013, Fitch expects KBH will
significantly increase its land and development spending as it
continues its 'going on offense' initiative. CFFO could approach
negative $500 million if KBH is able to spend in excess of $1
billion on land and development this year.

Fitch is comfortable with this strategy given the company's
liquidity position. Fitch expects KBH to end fiscal 2013 with
homebuilding unrestricted cash approaching $300 million.

Ratings Sensitivities

Future ratings and Outlooks will be influenced by broad housing
market trends as well as company specific activity, such as trends
in land and development spending, general inventory levels,
speculative inventory activity (including the impact of high
cancellation rates on such activity), gross and net new order
activity, debt levels, free cash flow trends and uses, and the
company's cash position.

KBH's ratings are constrained in the intermediate term because of
relatively high leverage metrics. However, a positive rating
action may be considered if the recovery in housing is
meaningfully better than Fitch's current outlook, KBH shows
continuous improvement in credit metrics, and maintains a healthy
liquidity position. In particular, debt leverage would need to
approach 4x and interest coverage would need to exceed 4x in order
to take a positive rating action.

Negative rating actions could be triggered if the industry
recovery dissipates, if there is a shortfall in KBH's financials,
and if KBH maintains an overly aggressive land and development
spending program which meaningfully diminishes its liquidity
position (below $300 million).

Fitch has affirmed KBH's ratings as follows:

-- IDR at 'B+';
-- Senior unsecured debt at 'B+/RR4'.

The Rating Outlook is Stable.

The Recovery Rating (RR) of 'RR4' on KBH's senior unsecured notes
indicates average recovery prospects for holders of these debt
issues. KBH's exposure to claims made pursuant to performance
bonds and joint venture debt and the possibility that part of
these contingent liabilities would have a claim against the
company's assets were considered in determining the recovery for
the unsecured debt holders. Fitch applied a going concern
valuation analysis for these RRs.


LANDAUER HEALTHCARE: Taps Young Conaway as Local Delaware Counsel
-----------------------------------------------------------------
Landauer Healthcare Holdings, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Young Conaway Stargatt & Taylor, LLP, as local Delaware attorneys.

The principal attorneys and paralegal presently designated to
represent the Debtors and their current standard hourly rates are:

Michael R. Nestor, Esq. -- mnestor@ycst.com     $675
Matthew B. Lunn, Esq. -- mlunn@ycst.com         $530
Justin H. Rucki, Esq. -- jrucki@ycst.com        $325
Laurel D. Roglen, Esq. -- lroglen@ycst.com      $285
Melissa Romano, paralegal                       $190

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

Mr. Nestor 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 firm received a retainer in the
amount of $100,000 on Aug. 13, 2013.  The firm has applied $69,831
of the retainer to outstanding balances existing as of the
Petition Date.

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: Taps Epiq as Claims Agent & Admin. Advisor
---------------------------------------------------------------
Landauer Healthcare Holdings, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Epiq Bankruptcy Solutions, LLC, as administrative advisor.

The Debtors have sought and obtained authority from the Court to
employ Epiq as their claims and noticing agent.

Bradley J. Tuttle 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.

A hearing on the Debtors' application to employ Epiq as
administrative advisor 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.


LATTICE INC: Amends Second Quarter Form 10-Q
--------------------------------------------
Lattice Incorporated has amended its quarterly report on Form 10-Q
for the period ended June 30, 2013, solely to furnish the
Interactive Data files as Exhibit 101, in accordance with Rule 405
of Regulation S-T.  No other changes have been made to the Form
10-Q, as originally filed on Aug. 14, 2013.  A copy of the amended
Form 10-Q is available for free at http://is.gd/P31EAJ

                        About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice Incorporated disclosed a net loss of $570,772 on $10.77
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $6.06 million on $11.44 million of revenue for
the year ended Dec. 31, 2011.  The Company's balance sheet at
June 30, 2013, showed $5.09 million in total assets, $6.92 million
in total liabilities and a $1.82 million deficit attributable to
shareowners of the Company.

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 has a history of
operating losses, has a working capital deficit and requires
additional working capital to meet its current liabilities.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


LEHMAN BROTHERS: Sues SAP Founder for 100 Million Euros
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that reorganized Lehman Brothers Holdings Inc. sued to
recover 100 million euros ($133.6 million) transferred the day
before its bankruptcy in 2008 to two companies controlled by Klaus
Tschira, a founder of software developer SAP AG.

According to the report, the suit, filed on Aug. 23 in U.S.
Bankruptcy Court in New York, describes how Lehman entities and
Tschira's companies were parties to variable forward transactions
in which Lehman was "in the money" just before bankruptcy.
Although Lehman had no obligation to do so, according to the
complaint, 100 million euros were sent to the two companies the
day before bankruptcy.

The money was intended to be returned to Lehman the following
week.  It wasn't, according to the complaint.  Lehman is suing to
recover the money, plus interest, on theories including fraudulent
transfer.  The transfers were "truly gratuitous," according to the
complaint.

The lawsuit is Lehman Brothers Holdings Inc. v. Dr HC
Tschira Beteiligungus GmbH & Co. KG (In re Lehman Brothers
Holdings Inc.), 13-bk-01431, U.S. Bankruptcy Court, Southern
District of New York (Manhattan).

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was
the fourth largest investment bank in the United States.  For
more than 150 years, Lehman Brothers has been a leader in the
global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

Lehman made its first payment of $22.5 billion to creditors in
April 2012, a second payment of $10.2 billion on Oct. 1, 2012, and
a third distribution of $14.2 billion on April 4, 2013.  The
brokerage is yet to make a first distribution to non-customers,
although customers are being paid in full.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.


LIGHTSQUARED INC: Seeks Court Approval of Plan Outline
------------------------------------------------------
A group of LightSquared's lenders asked U.S. Bankruptcy Judge
Shelley Chapman to approve the outline of its proposed Chapter 11
reorganization plan.

Glenn Kurtz, Esq., at White & Case LLP, in New York, said the plan
outline or the so-called disclosure statement contains sufficient
information for creditors to decide on whether to support the
proposed plan.

Mr. Kurtz said the disclosure statement "meets the requirements of
section 1125 of the Bankruptcy Code," a provision which requires
that a plan outline contain adequate information to permit voting
creditors to make an informed decision on a bankruptcy plan.

The lenders group also asked the bankruptcy judge to approve the
procedures for soliciting votes, and for voting on the plan.  The
procedures are detailed in the proposed order, which can be
accessed for free at http://is.gd/3oIUqB

Solicitation of votes will start within five days after entry of a
court order approving the disclosure statement.  The voting
deadline is November 11.

Judge Chapman will hold a hearing on September 30 to consider
approval of the disclosure statement, and another hearing on
December 10 to consider confirmation of the plan.  Objections to
the disclosure statement are due by September 23.

The lenders group on July 23 filed its proposed Chapter 11
reorganization plan, which is based largely on a $2.2 billion
offer from Dish Network Corp.'s subsidiary.

The plan proposes to sell substantially all of LightSquared's so-
called "LP" assets at auction, with L-Band Acquisition Corp.'s
offer serving as the lead bid.

The $2.2 billion bid from L-Band would pay in full those holding
LightSquared's $1.7 billion secured bank loan.  Holders of $235.6
in LightSquared LP's preferred shares would receive little or
nothing, according to the proposed plan.

Meanwhile, each holder of general unsecured claims against the LP
units would receive a pro rata share of the total amount that
would be allocated for payment of those claims.  The plan proposes
to allocate $10 million to pay general unsecured claims estimated
at $7.6 million.

The lenders sponsoring the plan include Capital Research and
Management Co., Cyrus Capital Partners L.P., Fir Tree Capital
Opportunity Master Fund L.P., Intermarket Corp., UBS AG, Stamford
Branch, and SP Special Opportunities LLC, a fund owned by Dish
Network Chairman Charlie Ergen.  The group owns $1.3 billion of
the $1.7 billion secured bank loan.

                      About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


LOCATION BASED TECHNOLOGIES: Issues $1 Million Promissory Note
--------------------------------------------------------------
Location Based Technologies, Inc., sold a secured convertible
promissory note to a high net worth investor evidencing a loan of
$1,000,000 by the Investor to the Company.  The funds will be
invested in 2 tranches; the first tranche of $400,000 was invested
on Aug. 15, 2013, and the second tranche of $600,000 will be
invested on or before Sept. 30, 2013.  The Note is convertible
into the Company's common stock at $0.20 per share, bears interest
at a rate of 10 percent per annum and has a term of 24 months.
Additionally, the Investor received 3 year warrants to purchase
2,000,000 shares of the Company's common stock at $0.20 per share.

The Note is senior secured against all of the Company's
unencumbered assets, and has a second or third security position
against all of the Company's encumbered assets.

Additionally, as further inducement for the Investor to make the
$1,000,000 loan, the Company granted the Investor a senior secured
position against all of the Company's unencumbered assets and a
second or third position in all of the Company's encumbered
assets, for all of the outstanding unsecured convertible Notes
held by the Investor.  The Previous Notes were issued on the
following dates and for the following amounts:

   (1) Sept. 10, 2012, $400,000;
   (2) Jan. 1, 2013, $200,000;
   (3) March 6, 2013, $200,000
   (4) June 20, 2013, $100,000

The Company also received maturity date extensions on the Previous
Notes, such that all Previous Notes now mature on Sept. 30, 2015.

All other terms of the Previous Notes remain unchanged.

                  About Location Based Technologies

Irvine, Calif.-based Location Based Technologies, Inc., designs,
develops, and sells leading-edge personal locator devices and
services.

Comiskey & Company, the Company's independent registered public
accounting firm, included an explanatory paragraph in its report
on the Company's financial statements for the fiscal year ended
Aug. 31, 2012, which expresses substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company has incurred recurring losses
since inception and has an accumulated deficit in excess of
$45,000,000.  There is minimal sales history for the Company's
products, which are new to the marketplace.

As of May 31, 2013, the Company had $4.18 million in total assets,
$8.90 million in total liabilities and a $4.72 million total
stockholders' deficit.


LONE STAR: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Lone Star Utilities, LLC
        10553 FM 1390
        Scurry, TX 75158

Bankruptcy Case No.: 13-34302

Chapter 11 Petition Date: August 25, 2013

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

Judge: Stacey G. Jernigan

Debtor's Counsel: Courtney Jane Hull, Esq.
                  COFFIN & DRIVER, PLLC
                  7557 Rambler Road, Suite 200
                  Dallas, TX 75231
                  Tel: (214) 377-4848
                  Fax: (214) 377-4858
                  E-mail: chull@coffindriverlaw.com

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

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 Danny Huddleston, agent.


LSB INDUSTRIES: S&P Assigns 'B+' Corp. Credit Rating
----------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
corporate credit rating to LSB Industries Inc.  The outlook is
stable.  At the same time, S&P assigned its 'B+' issue-level
rating to the company's $425 million senior secured notes due
2019, with a recovery rating of '3', indicating S&P's expectation
for meaningful (50% to 70%) recovery in the event of a payment
default.

LSB plans to use the proceeds from the note offering to refinance
outstanding borrowings and for general corporate purposes,
including capital spending.

"The ratings on LSB reflect the company's rather narrow focus on
commodity nitrogen-based products, multiple operational problems
over the past year, and our expectation of significantly negative
free operating cash flow over the next two years," said Standard &
Poor's credit analyst Seamus Ryan.

Nevertheless, the company benefits from some end-market diversity,
the stability of the climate control business, and S&P's
expectation of continued favorable industry conditions.  S&P
characterizes LSB's business risk profile as "weak" and its
financial risk profile as "aggressive."

The stable outlook reflects S&P's expectation that LSB's operating
performance will improve meaningfully in 2013 and 2014 as the
company recovers from operational difficulties.  S&P believes
these improvements, along with favorable industry conditions,
should allow the company to maintain adequate liquidity and FFO to
total debt of 15% to 20%.  S&P also expects that management will
not increase debt further to fund growth spending or shareholder
rewards.

S&P could raise the ratings if LSB can fully recover from
operational difficulties more quickly than it expects.  If revenue
grows at an annualized rate of about 15% with only a modest
increase in gross margins, FFO to total debt could surpass 20% and
debt to EBITDA could approach 2.5x.  To consider higher ratings,
S&P would also expect the company to show a track record of
successful operations and prudent financial policy.

S&P could lower the ratings if LSB suffers significant further
downtime at any of its facilities such that revenue and gross
margins do not improve from 2012.  In this scenario, FFO to total
debt would likely fall below 12%.  S&P could also lower ratings if
the company further increases debt to fund long-term growth plans.


MAXCOM TELECOMUNICACIONES: Can Employ Lazard as Investment Banker
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Max Telecomunicaciones, S.A.B. de C.V., et al., to employ Lazard
Freres & Co. LLC as investment banker and financial advisor.

The firm will be paid a US$125,000 monthly fee, a restructuring
fee of US$2.5 million if a restructuring transaction is
consummated before Sept. 23, 2013, a minority sale transaction
fee, a financing fee, and an opinion fee of US$350,000.

                           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: Has Authority to Tap Alfaro as Advisor
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Max Telecomunicaciones, S.A.B. de C.V., et al., to employ Alfaro,
Davila y Rios, S.C., as Mexican financial advisor.

ADR, a strategic alliance partner of Lazard Freres & Co. LLC based
in Mexico, will provide advice with respect to the Debtors'
restructuring activities as they relate to Mexican regulatory
issues, negotiations with local private equity funds, and the
Latin American financial markets.  ADR is will be entitled to one-
third of any fees payable under the fee structure payable to
Lazard, although the Debtors clarify that the one-third payable to
ADR will be independent from and not contingent or otherwise tied
to the compensation that may be payable to Lazard.

                           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: Has Court OK to Tap GCG as Admin. Agent
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Max Telecomunicaciones, S.A.B. de C.V., et al., to employ GCG,
Inc., as administrative agent.

The firm will be paid the following hourly rates:

   Vice president and above                           $295
   Director and assistant vice president           $200 to $295
   Project manager and senior project manager      $125 to $175
   System, graphic support and technology staff    $100 to $200
   Project supervisor                               $95 to $110
   Quality assurance staff                          $80 to $125
   Project administrator                             $70 to $85
   Administrative and claims control                 $45 to $55

                           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.


MINT LEASING: Reports $1.3 Million Net Loss in Second Quarter
-------------------------------------------------------------
The Mint Leasing, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $1.32 million on $1.20 million of total revenues for
the three months ended June 30, 2013, as compared with net income
of $204,547 on $3.43 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 of $1.86 million on $4.45 million of total revenues, as
compared with net income of $299,688 on $6.44 million of total
revenues for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $20.74
million in total assets, $21.83 million in total liabilities and a
$1.09 million total stockholders' deficit.

"We do not currently have any commitments of additional capital
from third parties or from our sole officer and director or
majority shareholders.  We can provide no assurance that
additional financing will be available on favorable terms, if at
all.  If we choose to raise additional capital through the sale of
debt or equity securities, such sales may cause substantial
dilution to our existing shareholders.  If we are not able to
extend the credit facilities, repay the Note Payable, or to raise
the capital necessary to repay the credit facilities and our
outstanding notes payable, we may be forced to abandon or curtail
our business plan, which may cause any investment in the Company
to become worthless.  Our independent auditor has expressed
substantial doubt regarding our ability to continue as a going
concern if we are not successful in obtaining extensions of,
renewals of and/or renegotiating our credit facilities.  If we are
unable to continue as a going concern, we may be forced to file
for bankruptcy protection, may be forced to cease our filings with
the Securities and Exchange Commission, and the value of our
securities may decline in value or become worthless," the Company
said in the regulatory filing.

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

                        http://is.gd/NqDIV0

                         About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2012, M&K CPAS, PLLC, in Houston, Texas,
expressed substantial doubt about Mint Leasing's ability to
continue as a going concern.  The independent auditors noted that
Mint Leasing has a significant amount of debt due within the next
12 months, and may not be successful in obtaining renewals or
renegotiating its loans.

The Company reported a net loss of $238,969 on $10.0 million of
revenues in 2012, compared with a net loss of $1.6 million on
$10.8 million of revenues in 2011.


MOMENTIVE PERFORMANCE: C. Morrison Assumes Unit President Role
--------------------------------------------------------------
Craig Morrison, Momentive Performance Materials Inc.'s president
and chief executive officer, has assumed the additional position
of president of the Company's Silicones and Quartz Division on an
interim basis, following the mutually-agreed resignation of John
Dandolph.

Mr. Dandolph, who was elected to the position of executive vice
president and president of the Company's Silicones and Quartz
Division in May 2012, resigned for personal reasons, which are
unrelated to business performance.

                     About Momentive Performance

Momentive Performance Materials, Inc., produces silicones and
silicone derivatives, and develops and manufactures products
derived from quartz and specialty ceramics.  As of Dec. 31, 2008,
the Company had 25 production sites located worldwide, which
allows it to produce the majority of its products locally in the
Americas, Europe and Asia.  Momentive's customers include
companies in industries, such as Procter & Gamble, 3M, Goodyear,
Unilever, Saint Gobain, Motorola, L'Oreal, BASF, The Home Depot
and Lowe's.

Momentive Performance disclosed a net loss of $365 million on
$2.35 billion of net sales for the year ended Dec. 31, 2012, as
compared with a net loss of $140 million on $2.63 billion of net
sales in 2011.  As of June 30, 2013, the Company had $2.87 billion
in total assets, $4.11 billion in total liabilities and a $1.23
billion total deficit.

                           *     *     *

As reported by the TCR on May 14, 2012, Moody's Investors Service
lowered Momentive Performance Materials Inc.'s Corporate Family
Rating (CFR) and Probability of Default Rating (PDR) to Caa1 from
B3.  The action follows the company's weak first quarter results
and expectations for a slower than expected recovery in volumes in
2012.

In the Aug. 15, 2012, edition of the TCR, Standard & Poor's
Ratings Services lowered all of its ratings on MPM by two notches,
including the corporate credit rating to 'CCC' from 'B-'.  The
outlook is negative.

"The likelihood that earnings and cash flow will remain very weak
for the next several quarters prompted the downgrade," explained
credit analyst Cynthia Werneth.  "In our view, leverage is
unsustainably high, with total adjusted debt to EBITDA above 15x
as of June 30, 2012."


MOUNTAIN PROVINCE: Files Updated Mineral Estimate for Gahcho Kue
----------------------------------------------------------------
Mountain Province Diamonds Inc. announced that a National
Instrument (NI) 43-101 Technical Report on the Gahcho Kue project
has been filed on SEDAR and EDGAR and is also available on the
Company's Web site at www.mountainprovince.com.

The updated NI 43-101 resource estimate was prepared by Mineral
Services Canada Inc. and the results were announced on July 2,
2013.

Mountain Province Diamonds is a 49 percent participant with De
Beers Canada in the Gahcho Kue JV located at Kennady Lake in
Canada's Northwest Territories.  The Gahcho Kue Project consists
of a cluster of four diamondiferous kimberlites, three of which
have a probable mineral reserve of 31.3 million tonnes grading
1.57 carats per tonne for total diamond content of 49 million
carats.

Gahcho Kue is the world's largest and richest new diamond
development project.  A December 2010 feasibility study filed by
Mountain Province (available on SEDAR) indicates that the Gahcho
Kue project has an IRR of 33.9 percent.

The Qualified Person for the updated Tuzo Deep estimate is Mr. Tom
Nowicki, PhD, P Geo, a Mineral Services employee.  The estimation
and classification of the mineral resources conform to industry-
best practices and meet the requirements of CIM (2005).  This news
release was prepared under the supervision of Mr. Nowicki.

                      About Mountain Province

Headquartered in Toronto, Canada, Mountain Province Diamonds Inc.
(TSX: MPV, NYSE AMEX: MDM) -- http://www.mountainprovince.com/--
is a Canadian resource company in the process of permitting and
developing a diamond deposit known as the "Gahcho Kue Project"
located in the Northwest Territories of Canada.  The Company's
primary asset is its 49 percent interest in the Gahcho Kue
Project.

Mountain Province disclosed a net loss of C$3.33 million for the
year ended Dec. 31, 2012, a net loss of C$11.53 million in 2011,
and a net loss of C$14.53 million in 2010.  The Company's balance
sheet at June 30, 2013, showed C$86.19 million in total assets,
C$9.77 million in total liabilities and C$76.41 million in total
shareholders' equity.

"The Company's primary mineral asset is in the exploration and
evaluation stage and, as a result, the Company has no source of
revenues.  In each of the years December 31, 2012, 2011 and 2010,
the Company incurred losses, and had negative cash flows from
operating activities, and will be required to obtain additional
sources of financing to complete its business plans going into the
future.  Although the Company had working capital of $46,653,539
at December 31, 2012, including $47,693,693 of cash and cash
equivalents and short-term investments, the Company has
insufficient capital to finance its operations and the Company?s
costs of the Gahcho Kue Project (Note 7) over the next 12 months.
The Company is currently investigating various sources of
additional funding to increase the cash balances required for
ongoing operations over the foreseeable future.  These additional
sources include, but are not limited to, share offerings, private
placements, credit and debt facilities, as well as the exercise of
outstanding options.  However, there is no certainty that the
Company will be able to obtain financing from any of those
sources.  These conditions indicate the existence of a material
uncertainty that results in substantial doubt as to the Company's
ability to continue as a going concern," according to the
Company's annual report for the period ended Dec. 31, 2012.


N-VIRO INTERNATIONAL: Incurs $443,700 Net Loss in 2nd Quarter
-------------------------------------------------------------
N-Viro International Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $443,711 on $938,133 of revenues for the
three months ended June 30, 2013, as compared with a net loss of
$455,277 on $903,557 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 $1.06 million on $1.72 million of revenues, as compared
with a net loss of $824,397 on $1.89 million of revenues for the
same period a year ago.

The Company's balance sheet at June 30, 2013, showed $2.38 million
in total assets, $2.51 million in total liabilities and a $129,857
total stockholders' deficit.

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

                       http://is.gd/hAG1tj

                    About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

In its audit report on the consolidated financial statements for
the year ended Dec. 31, 2012, UHY LLP, in Farmington Hills,
Michigan, expressed substantial doubt about N-Viro's ability to
continue as a going concern, citing the Company's recurring
losses, negative cash flow from operations and net working capital
deficiency.

The Company reported a net loss of $1.6 million on $3.6 million of
revenues in 2012, compared with a net loss of $1.6 million of
$5.6 million of revenues in 2011.


NATIONAL AUTOMOTIVE: A.M. Best Lowers FSR to ' D(Poor)'
-------------------------------------------------------
A.M. Best Co. has downgraded the financial strength rating to D
(Poor) from C (Weak) and the issuer credit rating to "c" from
"ccc" of National Automotive Insurance Company (National
Automotive) (Metairie, LA).  The outlook for both ratings is
negative.  Concurrently, A.M. Best has withdrawn the ratings as
the company has requested to no longer participate in A.M. Best's
interactive rating process.

The rating downgrades reflect the significant decline in National
Automotive's capitalization following adverse reserve development
in its non-standard automobile book of business.  This loss
reserve development resulted in the need for significant reserve
strengthening in the last quarter of 2012, causing a material
decline in surplus.  In addition, National Automotive's elevated
incurred loss and loss adjustment expenses persisted, and as of
the June 30, 2013 statutory filing, its capital and surplus fell
to a level that no longer supports the ratings.

Further negative rating actions are possible if the company's
recapitalization plans do not materialize or if formal regulatory
actions were to be taken by the State of Louisiana.


NATIONAL ENVELOPE: Panel Objects to FC Meyer Motion to Reconsider
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of NE Opco, Inc.,
and NEV Credit Holdings, Inc., objects to the motion of FC Meyer
Packaging LLC for reconsideration of the orders approving (I) the
global settlement among the Debtors, the Committee, the Dip Agent,
International Paper Company and Galactic Holdings, LLC, and (II)
Post-petition Financing and use of cash collateral.

FC Meyer is a claimant holding a section ? 503(b)(9)
administrative expense claim against the Debtors and their
estates.

The Committee cited:

  1. Three of the top four largest holders of section 503(b)
claims against the Debtors are also members of the Committee.  The
acknowledged amounts of the Committee members' 503(b)(9) claims is
$1.3 million out of a total outstanding pool of $2.9 million.
Thus, the Committee is not only the statutorily appointed body
representative of general unsecured creditors, but represents
approximately 45% of the outstanding acknowledged 503(b)(9) claims
against the Debtors.

  2. Given the Debtors' tenuous financial situation and the lack
of affirmative claims against the secured lenders, the Committee
determined that litigation over the terms of the debtor-in-
possession financing order would not have been in the best
interests of unsecured creditors.  The Committee was also
cognizant of the fact that here, there is significant acknowledged
secured debt (at least $146 million), and the Debtors had no
stalking horse bidder to purchase their assets or anything closely
approximating the amount of outstanding secured debt.

  3. The benefits under the Global Settlement are numerous.  The
Global Settlement paves the path to the highest recovery for
unsecured creditors in these cases by providing a base case
recovery that, in the Committee's estimation, will allow 503(b)(9)
claims to be paid in full or close to full.  The Global Settlement
also preserves the going concern value of the Debtors, and paves
the path for a going concern sale that will preserve jobs for the
Debtors' employees, a tenant for the Debtors' landlords, and a
customer for the Debtors' vendors.

  4. Movant has failed to demonstrate any (i) intervening change
in law; (ii) newly discovered evidence that was not previously
available; (iii) or a legal or factual error.

The Motion was submitted by:

         Laura Davis Jones, Esq.
         Robert J. Feinstein, Esq.
         Bradford J. Sandler, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         919 North Market Street, 17th Floor
         Wilmington, DE 19801
         Tel: (302) 652-4100
         Fax: (302) 652-4400
         E-mail: ljones@pszjlaw.com
                 rfeinstein@pszjlaw.com
                 bsandler@pszjlaw.com
         Counsel to the Official Committee of Unsecured
         Creditors

In its omnibus reply to the objection of the Committee to its
motion for reconsideration, FC Meyer argued that:

   * The Court erred in adopting Mr. Mandarino's expert testimony
as the basis for approving the settlement when his testimony was
based on a written preference analysis that he prepared but was
not attached to Motion, ever produced at trial or otherwise made
available for purposes of cross examination.

   * FC Meyer and other section 503(b)(9) creditors were denied a
fair trial because, among other reasons, they were denied the
right to review and cross examine Mr. Mandarino regarding his
preference analysis.

   * The "key parties" substituted their view of what is a
reasonable, fair and equitable return for section 503(b)(9)
creditors for the Congressionally mandated treatment of Section
503(b)(9) claims; i.e., Section 503(b)(9) creditors are entitled
to an expense of administration that must be paid in full.  In so
doing, the "key parties" re-wrote the Bankruptcy Code to fit this
case, which is manifestly injust and clear error.

FC Meyer further submits that the Court erred and there was
manifest injustice in approving the settlement because one week's
"notice" of the motion was deficient.  Specifically, the notice
failed to describe that the settlement sought to curtail the
rights of Sec. 503(b)(9) claimants to be paid in full or that the
Debtors sought to release a $34 million preference claim, the
proceeds of which are property of the estate, against
International Paper.  In fact, the formula for capping Sec.
503(b)(9) claims and the release of the $34 million preference
claim against International Papers were not known until the day of
the trial.  It is respectfully submitted that a $34 million
preference suit is not typically resolved in a week. The Debtors'
arguments all miss the point -- giving notice of the motion in
open court and filing it on the docket are all hollow acts unless
you actually describe the relief you are requesting and how it may
affect the rights of parties.  For example, how hard is it to say
in Court or write on a notice: "THIS SETTLEMENT AFFECTS THE RIGHTS
OF SECTION 503(B)(9) CREDITORS TO BE PAID IN FULL." "THIS
SETTLEMENT SEEKS TO RELEASE A $34 MILLION PREFERENCE CLAIM AGAINST
INTERNATIONAL PAPER."

                    About National Envelope

National Envelope is the largest privately-held manufacturer of
envelopes in North America.  Headquartered in Frisco, Texas,
National Envelope has eight plants and 15 percent of the envelope
market.  Revenue of $427 million in 2012 resulted in a $60.1
million net loss, continuing an unbroken string of losses since
2007.

NE OPCO, Inc., doing business as National Envelope, along with
affiliate NEV Credit Holdings, Inc., filed petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 13-11483) on June 10, 2013.

The company disclosed liabilities including $148.4 million in
secured debt, with $37.5 million owing on a revolving credit and
$15.6 million on a secured term loan.  There is a $55.7 million
second-lien debt 82 percent held by a Gores Group LLC affiliate.

National Envelope, then known as NEC Holdings Corp., first sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on
June 10, 2010.  The business was bought by Gores Group LLC for
$208 million in a bankruptcy sale.

National Envelope, through NE OPCO, has returned to bankruptcy to
pursue a plan of reorganization or sell the assets as a going
concern via 11 U.S.C. Sec. 363.  The Debtor plans to facilitate a
sale of the business with publicly traded competitor Cenveo Inc.

In the new Chapter 11 case, the company has tapped the law firm
Richards, Layton & Finger as counsel, PricewaterhouseCoopers LLP
as financial adviser, and Epiq Bankruptcy Solutions as claims and
notice agent.

The Gores Group is represented by Weil, Gotshal and Manges LLP and
Lowenstein Landler LLP.  Salus Capital Partners, the DIP agent, is
represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht
& Tunnell LLP.   Wells Fargo Capital Finance, LLC, the prepetition
senior agent, is represented by Goldberg Kohn Ltd and DLA Piper.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq.,
Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J.
Keane, Esq.  Guggenheim Securities, LLC, serves as its investment
banker and financial advisor.

As reported in the TCR on July 25, National Envelope won court
approval on July 19 for a global settlement permitting a sale of
the company without objection from the official unsecured
creditors' committee.  The settlement ensures some recovery for
unsecured creditors.

The Company also won final approval for $67.5 million in
bankruptcy financing being supplied by Salus Capital Partners LLC.

The settlement will create a trust for unsecured creditors funded
with $250,000 over 10 weeks.  If a sale pays off the $67.5 million
of bankruptcy financing, the creditors' trust will receive another
$500,000.  From the first $4 million surplus after repaying
bankruptcy financing, secured lenders will receive 75 percent,
with the other 25 percent for unsecured creditors.  Secured
lenders will give 3 percent of additional sale proceeds to
unsecured creditors, all in return for the committee's agreement
to withhold objection to a sale.  The settlement creates a
separate $790,000 fund to be used in winding down the Chapter 11
case.

As reported in the TCR on August 26, NE Opco Inc., which does
business as National Envelope, struck a $65 million sales trifecta
Wednesday as the bankrupt envelope maker announced a series of
deals to parcel out its assets among three separate buyers.

The proposed transactions would see Connecticut-based printer
Cenveo Inc. acquire National Envelope's operating assets for
$25 million, Hilco Receivables LLC pick up accounts receivable for
$25 million and Southern Paper LLC take on its inventory for
$15 million, according to a sale motion filed in Delaware
bankruptcy court.


NEAL STUBBS: Case Summary & 13 Unsecured Creditors
--------------------------------------------------
Debtor: Neal A. Stubbs, DDS, PA
        929 Oakfield Drive
        Brandon, FL 33511

Bankruptcy Case No.: 13-11302

Chapter 11 Petition Date: August 26, 2013

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

Judge: K. Rodney May

Debtor's Counsel: Bernard J. Morse, Esq.
                  MORSE & GOMEZ, P.A.
                  11268 Winthrop Main Street, Suite 102
                  Riverview, FL 33578
                  Tel: (813) 341-8400
                  Fax: (813) 463-1807
                  E-mail: chipmorse@morsegomez.com

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

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

A copy of the Company's list of its 13 unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/flmb13-11302.pdf

The petition was signed by Neal A. Stubbs, president.


NEW ENERGY: Gets Okay to Use Cash Collateral Until Oct. 20
----------------------------------------------------------
New Energy Corp. sought and obtained authority from the U.S.
Bankruptcy Court for the Northern District of Indiana, South Bend
Division, to continue using cash collateral securing its
prepetition indebtedness from Aug. 19 through Oct. 20, 2013.

According to Jeffrey J. Graham, Esq., at Taft Stettinius &
Hollister LLP, in Indianapolis, Indiana, the Debtor's use of Cash
Collateral is necessary to prevent irreparable harm to the Debtor
and its remaining assets that would otherwise result if the Debtor
is prevented from obtaining use of Cash Collateral.

The Debtor is also represented by Jerald I. Ancel, Esq., at Taft
Stettinius & Hollister LLP, in Indianapolis, Indiana, and Timothy
J. Hurley, Esq., at Taft Stettinius & Hollister LLP, in
Cincinnati, Ohio.

                      About New Energy Corp.

New Energy Corp. filed a Chapter 11 petition (Bankr. N.D. Ind.
Case No. 12-33866) in South Bend, Indiana, on Nov. 9, 2012.

The Debtor's ethanol facility is the first large-scale Greenfield
ethanol plant constructed in the U.S. and is capable of producing
100 million gallons of ethanol per year.  The Debtors has operated
continuously, without interruption since 1984.  The Debtor's
operations generated over $280 million in revenue in 2011.
At historical production rates, the Company employs 85 to 90
people to run operations, power the plant and to administer the
business operations of the Debtor.

Jeffrey J. Graham, Esq., at Taft Stettinius & Hollister LLP, in
Indianapolis, serves as counsel to the Debtor.  The Debtor
estimated assets of at least $10 million and liabilities of at
least $50 million.

New Energy and its Official Committee of Unsecured Creditors have
filed a Plan of Liquidation for the Debtor.  The Plan is dated
June 6, 2013.  According to the Disclosure Statement, the Plan
will be funded through the collection and liquidation of the
remaining assets of the Debtor into cash.  The Plan also creates a
Liquidating Trust.  The Debtor's estate will contribute the
remaining assets to the Liquidating Trust for the benefit of
creditors of the Debtor.

The Plan also incorporates a settlement which resulted from
negotiations between and among the Debtor and certain key creditor
constituents in the case, including the Committee and the Debtor's
prepetition senior lender, the U.S. Department of Energy.

Under the terms of the Plan Settlement, the Prepetition Senior
Lender and the Prepetition Junior Lenders will provide cash, in an
amount not to exceed $75,000, to fund the Liquidating Trust and
the Prepetition Junior Lenders will reduce their pro rata share of
the proceeds of the remaining assets.

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


NMP-GROUP: Files Liquidation Plan, Proposes 100% Claims Recovery
----------------------------------------------------------------
NMP-Group LLC filed with the U.S. Bankruptcy Court for the
Southern District of New York a Plan of Liquidation and Disclosure
Statement on Aug. 22, 2013.

The Plan designates six classes of claims and interests -- Class 1
Real Estate Tax and Other In rem Governmental Lien Claims, Class 2
Mortgagee Claims estimated to total $51.64 million, Class 3
Subordinate Lien Claims, Class 4 Other Priority Claims, Class 5
General Unsecured Claims and Class 6 Equity Interests.  All the
claim classes are unimpaired and claimholders are expected to have
100% recovery on their claims.

The Plan embodies a sale of the Debtor's property to Madison 33
Owner LLC for $51,878,784, subject to adjustments.  The sale
proceeds will be used to satisfy the Class 1 and 2 Claims.  The
Purchaser has agreed to assume the payment of (i) any Allowed
General Unsecured Claim that is not paid by the Debtor because the
Purchase Price is otherwise insufficient to pay in full all of the
Claims secured by the Property, all of the Allowed Administrative
Claims, and all such Allowed General Unsecured Claims, and (ii)
administrative claims for attorneys' fees that are approved by the
Bankruptcy Court, that exceed $100,000 in amount (but not to
exceed $2,000,000 in the aggregate), and that cannot be paid from
the Purchase Price.

The Plan was signed by NMP-Group manager, Luiza Dubrovsky.

A full-text copy of the Disclosure Statement dated Aug. 22, 2013
is available for free at:

          http://bankrupt.com/misc/NMPGROUP_DSAug22.PDF

NMP-Group LLC, the owner of 21 East 33rd Street in Manhattan,
filed a petition for Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 13-bk-12269) on July 10, 2013, in New York to prevent a
foreclosure sale.  Ilana Volkov, Esq. --
ivolkov@coleschotz.com -- and Felice R. Yudkin, Esq. --
fyudkin@coleschotz.com -- at Cole, Schotz, Meisel, Forman &
Leonard, P.A., represent the Debtor.


NORD RESOURCES: Board Has Power to Set Number of Directors
----------------------------------------------------------
Nord Resources Corporation disclosed that on Sept. 29, 2010, the
Board of Directors of the Company adopted a consent resolution
authorizing an amendment to Section 3.02 of Article 3 of the
Company's Bylaws to give the Board the power to fix the exact
number of directors on the Board between three and seven (being
the minimum and maximum number of directors that the Company is
authorized to have).  As so amended, Section 3.02 of Article 3 of
the Bylaws reads as follows (the language added by way of the
amendment has been bolded and underlined for illustrative
purposes):

   "Section 3.02.  The number of directors which shall constitute
    the whole board shall be not less than three nor more than
    seven, the exact number of directors to be determined from
    time to time by resolution adopted by the Board of Directors.
    The directors shall be elected at the annual meeting of the
    stockholders and each director elected shall hold office until
    his successor is elected and qualified unless he resigns, dies
    or is removed prior thereto.  Any director may be removed at
    any time, with or without cause, by the affirmative vote of
    the holders of a majority of the stock of the corporation
    issued and outstanding and entitled to vote.  Directors need
    not be stockholders."

An updated consolidation of the Company's Amended and Restated
Bylaws is available for free at http://is.gd/q8s9hq

"This Current Report on Form 8-K was due for filing no later than
October 5, 2010 but was inadvertently overlooked," the Company
explained.

The Company's stockholders previously approved an amendment to the
Company's Amended Certificate of Incorporation at the annual
meeting of the Company's stockholders to increase the number of
authorized shares of common stock from 200,000,000 to 400,000,000.

On Aug. 1, 2011, in order to give effect to that increase in the
number of authorized shares of common stock, the Company caused a
Certificate of Amendment to be filed with the Office of the
Secretary of State of the State of Delaware.

                        About Nord Resources

Based in Tuczon, Arizona, Nord Resources Corporation
(TSX:NRD/OTCBB:NRDS.OB) -- http://www.nordresources.com/-- is a
copper mining company whose primary asset is the Johnson Camp
Mine, located approximately 65 miles east of Tucson, Arizona.
Nord commenced mining new ore in February 2009.

On June 2, 2010, Nord Resources appointed FTI Consulting to advise
on refinancing structures and strategic alternatives.

Nord Resources disclosed a net loss of $10.25 million on $8.14
million of net sales for the year ended Dec. 31, 2012, as compared
with a net loss of $10.31 million on $14.48 million of net sales
in 2011.  The Company's balance sheet at March 31, 2013, showed
$50.09 million in total assets, $70.20 million in total
liabilities and a $20.10 million total stockholders' deficit.

"The results for 2012 continued to reflect the effects of the
measures that Nord implemented beginning in July 2010 to reduce
our costs, maximize cash flow, and improve operating
efficiencies," said Wayne Morrison, chief executive and chief
financial officer.

Mayer Hoffman McCann P.C., in Denver, Colorado, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company reported net losses of ($10,254,344) and
($10,316,294) during the years ended Dec. 31, 2012, and 2011,
respectively.  In addition, as of Dec. 31, 2012 and 2011, the
Company reported a deficit in net working capital of ($57,999,677)
and ($51,783,180), respectively.  The Company's significant
historical operating losses, lack of liquidity, and inability to
make the requisite principal and interest payments due under the
terms of the Amended and Restated Credit Agreement with its senior
lender raise substantial doubt about its ability to continue as a
going concern.

                        Bankruptcy Warning

"The Company's continuation as a going concern is dependent upon
its ability to refinance the obligations under the Credit
Agreement with Nedbank, the Copper Hedge Agreement with Nedbank
Capital, and the note payable with Fisher, thereby curing the
current state of default under the respective agreements.  Any
actions by Nedbank, Nedbank Capital or Fisher Industries to
enforce their respective rights could force us into bankruptcy or
liquidation."


NORSE ENERGY: May Drop Effort to Sell Drilling Rights
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Norse Energy Corp. USA, the holder of oil and gas
leases on 130,000 acres in central and western New York, said it
received "less than expected bid values" and is "evaluating all of
its options," including continuation of bankruptcy sales.

Under procedures established by the U.S. Bankruptcy Court in
Buffalo, New York, prospective buyers were to submit bids for
the leases by Aug. 23.  The court had scheduled a Sept. 23
hearing to approve a sale.  Secured lenders could pay for the
assets with debt rather than cash.

Mr. Rochelle also reports that the creditors' committee last week
sought permission to sue the company's officers and directors. The
committee said the contemplated suit could generate "millions of
dollars" and "potentially" mean full recovery for unsecured
creditors.  The company said the proposed lawsuit is "without
merit."  The nature of the claims is unknown because the proposed
complaint was filed under seal.

                       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.


OCALA FUNDING: $1.75-Bil. Suit vs. FDIC Receiver Dropped
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Ocala Funding LLC creditors lost one of their best
hopes for recovery when a federal district judge threw out a $1.75
billion lawsuit against the Federal Deposit Insurance Corp. in its
capacity as receiver for the failed Colonial Bank.

According to the report, the suit was brought by Bank of America
NA as collateral agent for various debts owing by Ocala.  The bank
alleged that Colonial "actively participated in a multiyear,
multi-billion-dollar fraud."

The report relates that U.S. District Judge Barbara J. Rothstein
in Washington dismissed the lawsuit entirely on Aug. 26 because
the FDIC concluded this year that there never will be any
distribution to creditors with unsecured claims against Colonial.

The report recounts that the FDIC argued that the Ocala creditors
only had unsecured claims against Colonial. Since those won't be
paid, Rothstein said, there was no basis for a lawsuit.  Ocala
creditors contended they had claims other than general unsecured
claims. Rothstein said the argument was "borderline frivolous."
The judge said federal law precluded her from questioning the
FDIC's determination that Colonial unsecured creditors will get
nothing.

Separately, Ocala creditors have claims against Freddie Mac to
recover $805 million in allegedly fraudulent transfers.

The lawsuit is Bank of America NA v. Federal Deposit
Insurance Corp., 10-01681, U.S. District Court, District of
Columbia (Washington).

                        About Ocala Funding

Orange, Florida-based Ocala Funding, LLC, a funding vehicle once
controlled by mortgage lender Taylor Bean & Whitaker Mortgage
Corp., filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
12-04524) in Jacksonville on July 10, 2012.

Ocala Funding used to be the largest originator and servicer of
residential loans.  Ocala was created by Taylor Bean to purchase
loans originated by TBW and selling the loans to third parties,
Freddie Mac.  In furtherance of this structure Ocala raised money
from noteholders Deutsche Bank AG and BNP Paribas Mortgage Corp.
and other financial institutions, as secured lenders through sales
of asset-backed commercial paper.  Ocala disclosed $1,747,749,787
in assets and $2,650,569,181 in liabilities as of the Chapter 11
filing.

Taylor Bean was forced to file for Chapter 11 relief (Bankr. M.D.
Fla. Case No. 09-07047) on Aug. 24, 2009, amid allegations of
fraud by Taylor Bean's former CEO Lee Farkas and other employees.
Mr. Farkas is now serving a 30-year prison term for 14 counts of
conspiracy and fraud for being the mastermind of a $2.9 billion
bank fraud.  Mr. Farkas allegedly directed the sale of more than
$1.5 billion in fake mortgage assets to Colonial Bank and
misappropriated more than $1.5 billion from Ocala.  TBW's
bankruptcy also caused the demise of Colonial Bank, which for
years was TBW's primary bank.

TBW and its joint debtor-affiliates confirmed their Second Amended
Joint Plan of Liquidation on July 21, 2011, and the TBW Plan
became effective on Aug. 10, 2011.  The TBW Plan established the
TBW Plan Trust to marshal and distribute all remaining assets of
TBW.

Neil F. Lauria, as CRO for TBW and trustee of the TBW Plan Trust,
signed the Chapter 11 petition of Ocala.

Ocala holds 252 mortgage loans with an unpaid balance of $42.3
million as of May 31, 2012.  The Debtor also holds five "real
estate owned" properties resulting from foreclosures.  The Debtor
also holds $22.4 million in proceeds of mortgage loans previously
owned by it that are on deposit in an account in the Debtor's name
at Regions Bank.  It also has an interest in $75 million in cash,
consisting of proceeds of mortgage loans previously owned by the
Debtor, that are in an account maintained by Bank of America, N.A.
as prepetition indenture trustee for the benefit of the
Noteholders.  The Debtor also holds a claim in the current amount
of $1.6 billion against the estate of TBW.

The largest unsecured creditors include the Federal Deposit
Insurance Corp., owed $898,873,958; and Cadwalader, Wickersham &
Taft LLP, owed $1,632,385.

Judge Jerry A. Funk presides over Ocala's case.  Proskauer Rose
LLP and Stichter, Riedel, Blain & Prosser, serve as Ocala's
counsel.  Neil F. Lauria at Navigant Capital Advisors, LLC, serves
as the Debtor's Chief Restructuring Officer.

Ocala implemented a Chapter 11 plan in July 2013 to carry out an
agreement reached before bankruptcy with holders of almost all of
its $1.5 billion in secured and $800 million in unsecured claims.
The plan created a trust to prosecute lawsuits on behalf of
creditors with more than $2.5 billion in claims.


OMNICARE INC: S&P Assigns 'BB' Rating to $424MM Convertible Debt
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB'
issue-level rating and '4' recovery rating to Cincinnati-based
pharmacy services company Omnicare Inc.'s new $424 million 3.5%
senior subordinated convertible debt issue due 2044, indicating
S&P's expectation for average (30%-50%) recovery in the event of
payment default.  This rating is the same as the rating on
Omnicare's existing senior subordinated convertible debt.  S&P's
'BB' corporate credit rating and all other issue-level ratings are
unchanged.  The outlook is stable.

The company is issuing the new debt in a private exchange for
$180 million of its existing 3.75% senior subordinated convertible
notes due 2025.  At the same time, the company is using cash to
repurchase an additional $5 million of the convertible debt due
2025 and $150 million of the 7.75% senior subordinated notes due
2020.  Pro forma these transactions, leverage is unchanged at
3.3x.

The ratings on Omnicare reflect the company's "fair" business risk
profile and "significant" financial risk profile, as defined by
S&P's criteria.  The fair business risk incorporates Omnicare's
narrow business focus, payor concentration, favorable generic drug
trend, and expanding operating margins.  The significant financial
risk profile reflects debt leverage that S&P expects to remain
between 3x-4x, as well as the company's "strong" liquidity.

RATINGS LIST

Omnicare Inc.
Corporate credit rating                      BB/Stable/--

Ratings Assigned
Omnicare Inc.
Senior subordinated
  $424 mil. 3.5% convertible notes due 2044   BB
   Recovery rating                            4


OMTRON USA: Case Converted to Ch.7; Allman Tapped as Trustee
------------------------------------------------------------
The U.S. Bankruptcy Court approved administrator William P.
Miller's motion to convert the chapter 11 case of Omtron USA to a
case under Chapter 7, citing "substantial or continuing loss to or
diminution of the estate and the absence of a reasonable
likelihood of rehabilitation."

The case is converted from chapter 11 to chapter 7 of the
Bankruptcy Code, effective as of August 27, 2013.

C. Edwin Allman, III is appointed as the chapter 7 trustee.

Mr. Miller said the Debtor ceased operations pre-petition 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.


OSAGE EXPLORATION: P. Hoffman Held 4.3% Equity Stake at May 17
--------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Peter Hoffman, Jr., disclosed that as of
May 17, 2013, he beneficially owned 2,139,119 shares of common
stock of Osage Exploration and Development, Inc., representing 4.3
percent of the shares outstanding.  Mr. Hoffman previously
reported beneficial ownership of 2,639,119 common shares or 5.3
percent equtiy stake as of Jan. 22, 2013.  A copy of the amended
regulatory filing is available for free at http://is.gd/eiSYTf

                      About Osage Exploration

Based in San Diego, California with production offices in Oklahoma
City, Oklahoma, and executive offices in Bogota, Colombia, Osage
Exploration and Development, Inc. (OTC BB: OEDV) --
http://www.osageexploration.com/-- is an independent exploration
and production company with interests in oil and gas wells and
prospects in the US and Colombia.

The Company's balance sheet at March 31, 2013, showed $20.74
million in total assets, $12.53 million in total liabilities and
$8.20 million in total stockholders' equity.

Goldman, Kurland and Mohidin 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 suffered recurring losses from
operations and has an accumulated deficit as of Dec. 31, 2011.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

                        Bankruptcy Warning

"The Company's operating plans require additional funds which may
take the form of debt or equity financings.  The Company's ability
to continue as a going concern is in substantial doubt and is
dependent upon achieving profitable operations and obtaining
additional financing.  There is no assurance additional funds will
be available on acceptable terms or at all.  In the event we are
unable to continue as a going concern, we may elect or be required
to seek protection from our creditors by filing a voluntary
petition in bankruptcy or may be subject to an involuntary
petition in bankruptcy.  To date, management has not considered
this alternative, nor does management view it as a likely
occurrence," according to the Company's quarterly report for the
period ended March 31, 2013.


PALM BEACH FINANCE: GECC Temporarily Defeats Most Fraud Claims
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that General Electric Capital Corp. temporarily defeated
eight of nine fraud claims in a $1 billion lawsuit brought by
creditors of hedge funds swindled by the Thomas Petters, the
architect of the third-largest Ponzi scheme in U.S. history.

According to the report, U.S. Bankruptcy Judge Paul G. Hyman, in a
60-page opinion on Aug. 23, concluded that the creditors made an
adequate claim only for civil conspiracy to commit fraud.  On the
eight others, for negligence and various forms of fraud, Judge
Hyman said the allegations in the complaint were insufficient.

The surviving claim "gives us the biggest damage model," Michael
Budwick, an attorney for the creditors, said Aug. 26 in a phone
interview.  Budwick, of Meland Russin & Budwick PA in Miami, said
he was pleased with the ruling.

"GECC's conduct clearly shows that it joined in the multimillion-
dollar Petters Ponzi scheme," he said.

The creditors were seeking $1 billion in damages for each of the
nine claims. They contend in the suit, begun in September 2012,
that the finance unit of Fairfield, Connecticut-based General
Electric Co. kept quiet after discovering the fraud to give
Petters time to repay a $45 million loan.

Palm Beach Finance Partners LP and Palm Beach Finance II LP were
forced to liquidate after unwittingly investing in the Petters
scheme. The funds confirmed liquidating Chapter 11 plans in
October 2010, creating a trust that filed the lawsuit last year.

The report relates that Judge Hyman is giving creditors an
opportunity to revise the complaint to determine if all nine
claims pass muster, and in a procedure seldom seen in bankruptcy
cases, GECC and the creditors agreed that Hyman could hold a trial
with a jury in bankruptcy court.  Judge Hyman said the fundamental
flaw in the complaint was the failure to show how GECC had a duty
to warn the creditors.  Likewise, Judge Hyman said the fraud
claims weren't supported by "a single false statement of material
fact."  Near the end of his opinion, Judge Hyman said GECC's
knowledge came "through diligent inquiring that any other lender,"
including the creditors, could have made.  Judge Hyman said the
creditors failed "to establish any general duty on the part of
GECC ?to precipitate its own loss in order to protect lenders that
were less diligent.'"

According to the complaint, GECC found out in October 2000 that
Petters was conducting a fraud. Rather than notify law enforcement
or Petters's own lawyers, GECC at least had a tacit agreement "to
keep quiet" and in the meantime forced Petters to repay the $45
million loan, the creditors claimed.

GECC "had no relationship with these bankrupt hedge funds," Ned
Reynolds, a company spokesman, said in a e-mailed statement.  He
said the funds "provided Petters financing years after GE Capital
had severed its ties with him."  He called the allegations
"unfounded."

The lawsuit is Mukamal v. General Electric Capital Corp.
(In re Palm Beach Finance LP), 12-bk-01979, U.S. Bankruptcy
Court, Southern District Florida (West Palm Beach).

                      About Palm Beach Funds

Palm Beach Gardens, Florida-based Palm Beach Finance Partners,
L.P., was a hedge fund.  The Company solicited capital
contributions from third-party limited partners, and proceeded to
invest substantial amounts of the capital with the Petters
Company, Inc.

The Company filed for Chapter 11 on Nov. 30, 2009 (Bankr. S.D.
Fla. Case No. 09-36379.)  The Debtor's affiliate, Palm Beach
Finance II, L.P., also filed for bankruptcy (Bankr. S.D. Fla. Case
No. 09-36396).  Paul A. Avron, Esq., and Paul Steven Singerman,
Esq., assisted the Debtors in their restructuring efforts.  Palm
Beach Finance II estimated $500 million to $1 billion in assets
and liabilities in its petition.

The two funds filed for Chapter 11 protection following public
disclosure of the Petters fraud in September 2008. They received
some $143 million in claims by limited partner investors and
another $790 million in claims by unsecured creditors.

In October 2010, Judge Paul G. Hyman confirmed the Plan of
Liquidation for Palm Beach Finance Partners, L.P., and Palm Beach
Finance II, L.P., proposed by Barry Mukamal, as Chapter 11 trustee
and Geoffrey Varga, as joint official liquidator of the Debtors.
The Chapter 11 trustee is represented by Michael S. Budwick, Esq.
at Meland Russin & Budwick, P.A.

                    About Petters Company, Inc.

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company
in 1988.

Petters Company, Inc., is the financing and capital-raising unit
of Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other
affiliates filed separate petitions for Chapter 11 protection
(Bankr. D. Minn. Lead Case No. 08-45257) on Oct. 11, 2008.  In its
petition, Petters Company estimated its debts at $500 million and
$1 billion.  Parent Petters Group Worldwide estimated its debts at
not more than $50,000.

Fruth, Jamison & Elsass, PLLC, represents Douglas Kelley, the duly
appointed Chapter 11 Trustee of Petters Company, Inc., et al.  The
trustee tapped Haynes and Boone, LLP as special counsel, and
Martin J. McKinley as his financial advisor.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and
08-35198) on Oct. 6, 2008.  Petters Aviation is a wholly owned
unit of Thomas Petters Inc. and owner of MN Airline Holdings, Sun
Country's parent company.


PATRIOT COAL: Duff & Phelps to Provide Reconciliation Services
--------------------------------------------------------------
Patriot Coal Corp., et al., served notice that the engagement of
Duff & Phelps as valuation services provider for the Debtors nunc
pro tunc to July 11, 2013, has been amended to include the
provision of reconciliation services relating to the Company's
emergence from Chapter 11 of the Bankruptcy Code.

Specifically, the reconciliation services to be provided will
include reconciling the Company's fixed asset registers and
maintenance listings to verify appropriate information for each of
the assets within PP&E.

Edward Lee will be the Managing Director in charge of the
reconciliation services on behalf of Duff & Phelps.  Jeffrey
Fisher, Vice President, will manage the day-to-day aspects of the
Reconciliation Services.

The fees of Duff & Phelps will be based on the hours incurred by
the firm's staff at their discounted hourly rates.

If no objection is properly filed and served by Sept. 9, 2013, at
11:59 p.m., the proposed amendment will take effect without any
further notice, hearing or order of the Court.  If an objection is
timely filed and served, the matter will be scheduled for the next
omnibus hearing date.

The notice of amendment was submitted by:

         Marshall S. Huebner, Esq.
         Damian S. Schaible, Esq.
         Brian M. Resnick, Esq.
         Michelle M. McGreal, Esq.
         DAVIS POLK & WARDWELL LLP
         450 Lexington Avenue
         New York, NY 10017
         Tel: (212) 450-4000
         Fax: (212) 607-7983
         Counsel to the Debtors
         and Debtors in Possession

              - and -

         Lloyd A. Palans, Esq.
         Brian C. Walsh, Esq.
         Laura Uberti Hughes, Esq.
         BRYAN CAVE LLP
         One Metropolitan Square
         211 N. Broadway, Suite 3600
         St. Louis, MO 63102
         Tel: (314) 259-2000
         Fax: (314) 259-2020
         Local Counsel to the Debtors
         and Debtors in Possession

                    Valuation Services Provider

As reported in the TCR on Aug. 23, 2013, the U.S. Bankruptcy Court
for the Eastern District of Missouri authorized the Debtors to
employ Duff & Phelps, LLC, as the Debtor's valuation services
provider in connection with valuation, liquidation analysis and
fresh start accounting services required during the Chapter 11
cases, nunc pro tunc to July 11, 2013.

As reported in the TCR on Aug. 6, 2013, Duff & Phelps will provide
the Debtors with the following valuation services:

   a. the estimation of the Fair Value and remaining useful life
of certain assets and liabilities for the purposes of fresh start
accounting, as defined in the Engagement Letters; and

   b. the estimation of i) the value of the PP&E and Mineral
Interests assuming that each asset was to be liquidated
individually through an orderly liquidation scenario and ii) the
value of the PP&E Mineral Interests, Surface Land, and Inventory
assuming that each asset was to be liquidated individually through
a distressed liquidation Scenario.  Together, the Orderly
Liquidation Value and Distressed Liquidation Value will be
referred to as the "Liquidation Values."

At the conclusion of the analysis, Duff & Phelps will provide the
Debtors with a written report that will include a narrative
description of the methodologies used and the valuation
conclusions as to the liquidation values and the subject assets
and liabilities.

Duff & Phelps intends to charge the Debtors for its fresh start
valuation and liquidation valuation services on an hourly basis
ranging from $95 for administrative staff to $620 for managing
directors.  Duff & Phelps has provided the Debtors with these
estimates for the fresh start valuation and liquidation valuation
services referenced in the Engagement Letters:

     Task                                 Estimated Fee Range
     ----                                 -------------------
Valuation of PP&E                         $100,000 - $105,000
Valuation of Mineral Interest              $75,000 - $80,000
Valuation of Surface Land                  $30,000 - $35,000
Valuation of Other Assets/Liabilities      $40,000 - $45,000
Narrative Report and Administration        $30,000 - $35,000
Estimation of Liquidation Values           $75,000 - $80,000

In addition, the Debtors will reimburse Duff & Phelps for any
direct expenses incurred in connection with Duff & Phelps'
retention in the Chapter 11 cases.

                        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.


PENSON WORLDWIDE: Settles BDO Seidman Margin Loan Suit for $6.5MM
-----------------------------------------------------------------
Law360 reported that a Texas federal judge said that defunct
securities clearing broker Penson Worldwide Inc. and accounting
firm BDO Seidman LLP can pay $6.5 million to settle investor class
action allegations that they hid the degree of risk behind
Penson's margin-lending business.

According to the report, U.S. District Judge Reed O'Connor
approved the settlement, which will distribute about $4.4 million
to shareholders who held Penson Worldwide stock from 2007 to 2011
-- the timeframe in which it allegedly obscured how exposed its
margin loan business was to risky investments.

The case is Friedman v. McAleer et al., Case No. 3:11-cv-02098
(N.D. Tex.) before Judge Reed C O'Connor.

                    About Penson Worldwide

Plano, Texas-based Penson Worldwide Inc. and its affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10061)
on Jan. 11, 2013.

Founded in 1995, Penson Worldwide is provider of a range of
critical securities and futures processing infrastructure products
and services to the global financial services industry.  The
company's products and services include securities and futures
clearing and execution, financing and cash management technology
and other related offerings, and it provides tools and services to
support trading in multiple markets, asset classes and currencies.

Penson was one of the top two clearing brokers overall in the
United States.  Its foreign-based subsidiaries were some of the
largest independent clearing brokers in Canada and Australia and
the second largest independent clearing broker in the United
Kingdom as of Dec. 31, 2010.

In 2012, the company sold its futures division to Knight Capital
Group Inc. and its broker-deal subsidiary to Apex Clearing Corp.
But the company was unable to successfully streamline is business
after the asset sales.

Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP, and
Young, Conaway, Stargatt & Taylor serve as counsel to the Debtors.
Kurtzman Carson Consultants LLC is the claims and notice agent.

The U.S. Trustee for Region 3 appointed three members to the
Official Committee of Unsecured Creditors: (i) Schonfeld Group
Holdings LLC; (ii) SunGard Financial Systems LLC; and (iii) Wells
Fargo Bank, N.A., as Indenture Trustee.  The Committee selected
Hahn & Hessen LLP and Cousins Chipman & Brown, LLP to serve as its
co-counsel, and Capstone Advisory Group, LLC, as its financial
advisor.  Kurtzman Carson Consultants LLC serves as its
information agent.

The company estimated $100 million to $500 million in assets and
liabilities in its Chapter 11 petition.  The last publicly filed
financial statements as of June 30 showed assets of $1.17 billion
and liabilities totaling $1.227 billion.

Penson Worldwide's Fifth Amended Joint Liquidation Plan became
effective, and the Company emerged from Chapter 11 protection.
The Court confirmed the Plan on July 31, 2013.


PICCADILLY RESTAURANT: Court Terminates Plan Exclusivity
--------------------------------------------------------
The U.S. Bankruptcy Court denied Piccadilly Restaurants, LLC's
third request for exclusivity extension.

The court finds that the Debtors have not satisfied their burden
in establishing sufficient cause for extending the exclusivity
period.

The Official Committee of Unsecured Creditors filed an objection
to the Debtors' motion and requests that the Court immediately
terminate exclusivity.  The Committee said that, to grant the
Debtors' request would only delay the plan process and muster the
estates with additional costs without any prospective
corresponding benefit.

Atalaya Administrative LLC, in its capacity as administrative
agent for the prepetition and postpetition lenders to the Debtors,
also objected, arguing that despite multiple overtures from
Atalaya to discuss a plan, and indications that it would be
reasonable in restructuring the Debtors' balance sheet, the
Debtors steadfastly refused to talk.  Atalaya stated that
exclusivity must not be used to hold creditors hostage.

The Debtors requested that the Court extend their exclusive
periods to solicit Plan votes until Nov. 12, 2013.  The Debtors
said they need more time to continue negotiations with creditors.

As reported in the Troubled Company Reporter on July 22, 2013, the
Debtors' Joint Chapter 11 Plan of Reorganization proposed with
Yucaipa Corporate Initiatives Fund I, L.P., contemplates that
Yucaipa will advance cash to the Debtors, which will be available
to the Reorganized Debtors for the purpose of effectuating the
Joint Plan.  The Yucaipa Advance will accrue interest at a fixed
rate of 9% per annum, with the Debtors' obligation to pay the
Advance be secured with a first priority lien.  Payment of the
Yucaipa Advance will be subordinated to the General Unsecured
Claim Note in right of payment -- but not in lien priority --
until the General Unsecured Claim Note is paid in full.

                  About Piccadilly Restaurants

Piccadilly Restaurants, LLC, and two affiliated entities sought
Chapter 11 bankruptcy protection (Bankr. W.D. La. Case Nos.
12-51127 to 12-51129) on Sept. 11, 2012.  The affiliates are
Piccadilly Food Service, LLC, and Piccadilly Investments LLC.

Piccadilly Restaurants, LLC, headquartered in Baton Rouge,
Louisiana, is the largest cafeteria-style restaurant in the United
States, with operations in 10 states in the Southeast and Mid-
Atlantic regions.  It is wholly owned by Piccadilly Investments,
LLC.  Piccadilly operates an institutional foodservice division
through a wholly owned subsidiary, Piccadilly Food Service, LLC,
servicing schools and other organizations.  With a history dating
back to 1944, the Company operates 81 restaurants at three owned
and 78 leased locations.

Then known as Piccadilly Cafeterias, Inc., the Company filed for
Chapter 11 relief (Bankr. S.D. Fla. Case No. 03-27976) on Oct. 29,
2003.  Paul Steven Singerman, Esq., and Jordi Guso, Esq., at
Berger Singerman, P.A. represented the Debtor in the case.  After
Piccadilly declared bankruptcy under Chapter 11, but before its
plan was submitted to the Bankruptcy Court for the Southern
District of Florida, the Bankruptcy Court authorized Piccadilly to
sell its assets to Yucaipa Cos., for about $80 million.  In
October 2004, the Bankruptcy Court confirmed the plan.

Judge Robert Summerhays oversees the 2012 cases.  Mark A. Mintz,
Esq. at Jones Walker LLP represents the Debtors in their
restructuring efforts.  BMC Group, Inc., serves as claims agent,
noticing agent and balloting agent.  In its schedules, the Debtor
disclosed $34,952,780 in assets and $32,000,929 in liabilities.

New York-based vulture fund Atalaya Administrative LLC, in its
capacity as administrative agent for Atalaya Funding II, LP,
Atalaya Special Opportunities Fund IV LP (Tranche B), and Atalaya
Special Opportunities Fund (Cayman) IV LP (Tranche B), the
Debtors' prepetition secured lender, is represented in the case
by lawyers at Carver, Darden, Koretzky, Tessier, Finn, Blossman &
Areaux, L.L.C.; and Patton Boggs, LLP.

Henry G. Hobbs, Jr., Acting United States Trustee for Region 5,
has appointed seven members to the official committee of unsecured
creditors in the Debtors' Chapter 11 cases.  In October, the
Committee sought and obtained Court approval to employ Frederick
L. Bunol, Albert J. Derbes, IV, of The Derbes Law Firm, L.L.C. as
attorneys.


PILGRIM'S PRIDE: Wins Reversal of Chicken Price-Fixing Award
------------------------------------------------------------
Jonathan Stempel, writing for Reuters, reported that Pilgrim's
Pride Corp, one of the world's largest chicken producers,
persuaded a federal appeals court to overturn a damages award of
more than $25 million to several dozen contract poultry growers
that accused it of violating antitrust law by trying to manipulate
poultry prices.

According to the report, a panel of the 5th U.S. Circuit Court of
Appeals in New Orleans said on Aug. 27 a federal magistrate judge
erred in finding that Pilgrim's Pride's decision to idle a chicken
processing plant in El Dorado, Arkansas, in May 2009 and end
contracts with the growers was motivated by a desire to control
prices.

The two-judge panel said the closure was "neither illegitimate nor
anti-competitive" given that Pilgrim's Pride had been driving down
prices by producing too much, and "wisely" decided to stop
flooding the market with unprofitable chicken, the report related.
It also said a unilateral attempt to raise prices is not in itself
inherently anti-competitive.

"PPC's conduct was merely the legitimate response of a rational
market participant to changes in a dynamic market," the panel said
in an unsigned decision, the report cited.  "If a firm
inadvertently overproduces a good and drives down prices, it does
not break the law by cutting production so that prices may
recover."

Mark Brodeur, a lawyer for the growers, did not immediately
respond to requests for comment, the report said.  A Pilgrim's
Pride spokeswoman, Rosemary Geelan, did not immediately respond to
similar requests.

The case is Pilgrim's Pride Corp v. Agerton et al, 5th U.S.
Circuit Court of Appeals, No. 12-40085.

                      About Pilgrim's Pride

Pilgrim's Pride Corporation -- http://www.pilgrimspride.com/-- is
one of the largest chicken companies in the United States, Mexico
and Puerto Rico.  The Company's fresh chicken retail line is sold
throughout the U.S., throughout Puerto Rico, and in the northern
and central regions of Mexico.  The Company exports commodity
chicken products to 90 countries.  The Company operates feed
mills, hatcheries, processing plants and distribution centers in
15 U.S. states, Puerto Rico and Mexico.


PIONEER FREIGHT FUTURES: Given Chapter 15 Protection
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Pioneer Freight Futures Co., at one time a trader in
freight futures, received protection from creditors in the U.S.
under a Chapter 15 petition filed in July in New York by the
company's liquidators from the British Virgin Islands.

The bankruptcy judge on Aug. 23 recognized the case abroad as the
foreign main bankruptcy, automatically halting creditor actions in
the U.S. The U.S. court also has the power to help the liquidators
collect assets and file lawsuits in the U.S.

                    About Pioneer Freight

Pioneer Freight Futures Co. Ltd., a defunct British Virgin
Islands-based firm that traded shipping futures, filed for Chapter
15 bankruptcy (Bankr. S.D.N.Y. Case No. 13-12324) in July 2013 to
help further its liquidation by tracking down any assets that it
may have in the U.S.

The company was an affiliate of Pioneer Iron & Steel and had
offices in Hong Kong and Beijing.

The petition listed assets and debt both exceeding $100 million.

Mark Richard Byers and Mark McDonald, the two liquidators charged
with winding down Pioneer Freight, asked the U.S. court to
recognize the company's liquidation proceeding in the British
Virgin Islands.

The company has been in liquidation in the Virgin Islands and the
U.K. since February 2010. The liquidators said they intend to use
Chapter 15 to chase down assets they believe may have been
transferred to the U.S.


PLAYBOY ENTERPRISES: S&P Lowers CCR to 'CCC+'; Outlook Developing
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on U.S. media company Playboy Enterprises Inc. to 'CCC+'
from 'B-'.  The rating outlook is developing.

In addition, S&P lowered its issue-level rating on the company's
senior secured debt to 'B-' (one notch higher than the 'CCC+'
corporate credit rating on the company) from 'B', in accordance
with S&P's notching criteria for a '2' recovery rating.  The '2'
recovery rating indicates S&P's expectation of substantial (70%
to 90%) recovery for lenders in the event of a payment default.

The downgrade reflects Playboy's weak second-quarter operating
performance that fell below S&P's expectations and increased the
company's risk of violating covenants.  The developing outlook is
based on the uncertain timing of new deals in Playboy's licensing
pipeline, and risks surrounding the long-term success of this
business model.  The company's weak performance can be linked to a
series of deals that did not close in the first half of 2013.
Failure to secure these deals in the third or fourth quarter will
pressure the company's covenant headroom.  However, the addition
of these high-margin licensing deals would improve operating
performance and likely prevent a covenant violation.

In S&P's view, Playboy has a "highly leveraged" financial risk
profile, which incorporates the company's weak credit measures and
aggressive financial policy.  S&P considers the company's business
risk profile "vulnerable" based on its recent operating
shortfalls, exposure to declining business segments that S&P
believes will continue to restrain growth, and uncertainty
regarding the long-term success of its transition to a content
licensing model.  S&P views the company's management and
governance as "weak" based on the company's inability to date to
meet operating goals, its ownership by a private-equity sponsor
that has capitalized the company heavily with debt during a major
business transition, and its near breach of its minimum EBITDA
covenant twice over the past 18 months.

Playboy is a media content company, marketing the Playboy brand
primarily through licensing.  Over the past two years, the company
recorded significant restructuring charges as it transitioned to a
brand management company.  In November 2011, it entered a
partnership with Manwin Group, in which Manwin took over the
operation of most of Playboy's television and digital assets.
This segment had been hampered by the availability of free adult
content on the Internet.  The transaction shifted Playboy's focus
to its licensing segment, which aims to build a long-term, steady
stream of minimum guarantee payments from consumer licensing.

                           *     *     *

Amy Or, writing for Daily Bankruptcy Review, reported that for
Standard & Poor's Rating Services, the financial health of Rizvi
Traverse-backed Playboy Enterprises Inc. is again in doubt.


POSITIVEID CORP: Amends Second Quarter Form 10-Q
------------------------------------------------
PositiveID Corporation has amended the following items on its
quarterly report on Form 10-Q for the period ended June 30, 2013,
as originally filed with the U.S. Securities and Exchange
Commission on Aug. 14, 2013:

   (i) the Statement of Operations for the three and six months
       ended June 30, 2013, and 2012;

  (ii) footnote 2 and footnote 5 of the unaudited condensed
       consolidated financials statements;

(iii) the signature page;

  (iv) the certifications of the Company's Chief Executive and
       Acting Financial Officer; and

   (v) the Company's financial statements formatted in XBRL in
       Exhibit 101.

In the Company's original Form 10-Q, the weighted average shares
outstanding - basic and diluted and the resulting Loss per common
shares attributable to common stockholders - basic and diluted,
for the three and six months ended June 30, 2012, erroneously
included the number of shares and loss per share using the amounts
from 2012, not adjusted to reflect the 25:1 reverse stock split
which took place in April 2013.  Additionally, the number of
unvested shares of restricted common stock in the "Loss per Common
Share" section of footnote 2 and in footnote 5 was decreased by
2,251,000.  No other qualitative or quantitative changes have been
made to the financial statements.

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

                        http://is.gd/se9ByH

                          About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID incurred a net loss of $7.99 million on $0 of revenue
for the year ended Dec. 31, 2012, as compared with a net loss of
$16.48 million on $0 of revenue for the year ended Dec. 31, 2011.
The Company's balance sheet at March 31, 2013, showed $2.39
million in total assets, $6.78 million in total liabilities and a
$4.39 million total stockholders' deficit.

EisnerAmper 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
at Dec. 31, 2012, the Company has a working capital deficiency and
an accumulated deficit.  Additionally, the Company has incurred
operating losses since its inception and expects operating losses
to continue during 2013.  These conditions raise substantial doubt
about its ability to continue as a going concern.


PROVIDERX OF GRAPEVINE: Unit May Not Avoid Patent Applications
--------------------------------------------------------------
In the adversary complaint CERx PHARMACY PARTNERS, LP, PLAINTIFF,
v. PROVIDER MEDS, LP, ET AL., DEFENDANTS, v. CARY LORIMER AND
STEWART STEPHENS, THIRD PARTY DEFENDANTS, Adv Proc No. 13-03015,
Bankruptcy Judge Barbara Houser granted the Plaintiff's Motion for
Partial Summary Judgment with respect to the Patent Applications,
and denied with respect to the remainder of Provider Meds, LP's
intellectual property assets.  The Defendant's Partial Motion
for Summary Judgment is denied with respect to the Patent
Applications, but granted in all other respects.

At issue in the complaint is language in the loan and security
documents entered into by and among the various parties was
sufficient to grant CERx a security interest in all of Provider
Meds' IP assets owned immediately prior to a December 13, 2012
foreclosure sale.  Between June 2010 and January 2012, CERx loaned
approximately $8.92 million to PM -- at issue in the complaint are
the loan and security documents dated May 6, 2011.

On review, Judge Houser concluded that pursuant to the May 6 Loan
Documents, PM granted CERx enforceable security interests in all
of its IP Assets -- but CERx failed to perfect its liens in PM's
IP Assets other than the Patent Applications.

Thus, pursuant to its Notification of Disposition of Collateral,
CERx only foreclosed on the Patent Applications, the judge opined,
and due to the December 13, 2012 foreclosure, PM may not avoid
CERx's liens on the Patent Applications pursuant to the strong-arm
powers of 11 U.S.C. Sec. 544.

The Bankruptcy Court further held that as of PM's petition date,
PM's IP Assets, other than the Patent Applications, were subject
to CERx's unperfected security interest.  CERx's unperfected
security interest in PM's IP Assets, other than the Patent
Applications, is avoided by PM pursuant to 11 U.S.C. Sec.
544(a)(1), the Court noted.

A copy of Judge Houser's Aug. 2, 2013 Memorandum Opinion is
available at http://is.gd/Bfm7FVfrom Leagle.com.

Based in Forney, Texas, ProvideRX of Grapevine, LLC, filed for
bankruptcy on Dec. 28, 2012 (Bankr. N.Tex., Case No. 12-38039).
Kevin S. Wiley, Jr., Esq. -- kevinwiley@lkswjr.com -- represents
the Debtor.  Provider Meds, LP is an affiliate of the Debtor.


PURIFIED RENEWABLE: Minn. Ethanol Plant Lands $5MM Credit Bid
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a non-operating ethanol plant in Buffalo Lake,
Minnesota, is worth $5 million, judging from the results of the
sale of the 18 million gallon-a-year facility owned by Purified
Renewable Energy LLC.

After sale procedures were approved, secured lender West Ventures
LLC offered to buy the facility in exchange for $5 million of the
$17.8 million it is owed.  No other bids were forthcoming, so an
auction was canceled.  The bankruptcy court in Minneapolis
approved the sale to West Aug. 26.

Not operating since 2010, the plant was being held in a so-called
cold-idle condition.

The current owners bought the plant by exercising an option in
November to acquire the facility from a cooperative named
Minnesota Energy. The seller provided $5.5 million in second-lien
financing.

                  About Purified Renewable Energy

Purified Renewable Energy filed a Chapter 11 petition (Bankr. D.
Minn. Case No. 13-41446) on March 25, 2013.  Clinton E. Cutler,
Esq., at Fredrikson & Byron, P.A., in Minneapolis, serves as
counsel.  The Debtor estimated at least $1 million in assets and
at least $10 million in liabilities.

Purified Renewable sought bankruptcy protection three days after
its ethanol plant in Buffalo Lake, Minnesota, shut down.  The
current owners exercised an option in November to buy the facility
from a cooperative named Minnesota Energy.


RESIDENTIAL CAPITAL: Examiner Seeks Discharge From Duties
---------------------------------------------------------
Retired U.S. Bankruptcy Judge Arthur J. Gonzalez, the Court-
appointed examiner for Residential Capital LLC and its debtor
affiliates, ask Judge Martin Glenn of the U.S. Bankruptcy Court
for the Southern District of Manhattan to discharge him from his
duties as Examiner as his work is already done, culminating in the
2,200-page report he submitted to Court in May.

The Examiner also asks that he and his professionals be granted
immunity from all discovery related to the investigation they
conducted in the Debtors' bankruptcy cases and the May 2013
Report, and exculpate them from all liability in connection with
the Chapter 11 Cases, including as relating to the Investigation
and the Report.  Moreover, the Examiner seeks authority to dispose
of certain materials related to the Investigation and the Report.

Joseph Checkler, writing for The Wall Street Journal, noted that
the lingering deadline for Mr. Gonzalez's report was considered a
major factor in Ally Financial Inc.'s plan support agreement with
creditors, which calls for the Debtors' parent to pay $2.1 billion
to settle creditors' claims.  The Examiner's Report -- one of the
largest in the history of bankruptcy, according to the Journal --
was first filed under seal with the Court as parties finalized
details on the PSA.

The Examiner's Report concluded that Ally didn't set its
subsidiary up for failure as some creditors charged.  The report
cost the Debtors' estates more than $80 million in fees paid to
professionals.  The Examiner said in the report that despite not
setting up the Debtors for failure, Ally could have been on the
hook for as much as $3 billion in creditor claims.

A hearing on the Examiner's request will be held on Sept. 24,
2013, at 10:00 a.m. (ET).  Deadline to object is Sept. 3.

The Examiner is represented by Howard Seife, Esq., and David M.
LeMay, Esq., at Chadbourne & Parke LLP, in New York.

                   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).


RESIDENTIAL CAPITAL: Seeks to Establish Plan Confirmation Protocol
------------------------------------------------------------------
Residential Capital LLC and its affiliates seek the Court's
authority to establish and implement procedures in connection with
discovery related to the confirmation of their Chapter 11 plan.

According to Gary S. Lee, Esq., at Morrison & Foerster LLP, in New
York, the Debtors filed the motion in an effort to achieve order
to that which has the potential to devolve into disarray:
discovery in connection with the hearing on plan confirmation.
The Debtors, in consultation with the Official Committee of
Unsecured Creditors, have formulated the Plan Confirmation
Discovery Protocol to create an organized and efficient process
that relies in the first instance on the massive quantity of
discovery already provided by the Debtors in the Chapter 11 Cases,
with the opportunity for parties to seek additional targeted
discovery, where warranted.

The highlights of the Plan Confirmation Discovery Protocol,
designed to provide an efficient, cost-effective mechanism to
prepare for the confirmation hearing, are as follows:

   * Primary reliance for document discovery upon a searchable
     document repository established by the Debtors containing
     the more than 14 million pages of documents already produced
     by the Debtors in the Chapter 11 Cases;

   * Access to the Repository by those parties-in-interest that
     elect to become a Participant in Plan Confirmation Discovery
     and agree to be bound by an appropriate Confidentiality
     Order;

   * For good cause shown, the ability of a Participant to seek
     additional, limited, and targeted document discovery from
     the Debtors;

   * A coordinated procedure for discovery from the Creditors'
     Committee, and the Debtors' indirect parent, Ally Financial
     Inc., to prevent duplication and undue burden on those
     parties in responding to discovery requests in connection
     with Plan Confirmation Discovery;

   * Procedures for the depositions of Debtor witnesses;

   * A protective order designed to maintain any necessary
     confidentiality for the materials produced during Plan
     Confirmation Discovery; and

   * Restrictions on interrogatories and requests for admissions
     during Plan Confirmation Discovery.

A hearing on the request is scheduled for Sept. 3, 2013, at 11:00
a.m. (ET).  Objections were due Aug. 27.

The Debtors are also represented by Lorenzo Marinuzzi, Esq., Todd
M. Goren, Esq., and Stefan W. Engelhardt, Esq., at Morrison &
Foerster LLP, in New York.

                      JSN Parties Object

The Ad Hoc Group of Junior Secured Noteholders and UMB Bank, N.A.,
as successor Indenture Trustee, object to the Debtors' proposed
procedures in connection with discovery related to the
confirmation of their Chapter 11 plan, complaining that it
unnecessarily prejudices the rights of the JSN Parties to seek
full and fair discovery of issues relating to the claims for
payment of postpetition interest to which they are contractually
entitled.

The Proposed Protocol is flawed because it would disallow further
document discovery absent a showing of good cause, the JSN Parties
further complain.

Gerard Uzzi, Esq., Daniel M. Perry, Esq., Atara Miller, Esq., and
Dennis C. O'Donnell, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
in New York; and J. Christopher Shore, Esq., and Harrison L.
Denman, Esq., at White & Case LLP, in New York, represent the Ad
Hoc Group and UMB Bank.

Daniel H. Golden, Esq., David Zensky, Esq., and Deborah J. Newman,
Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York,
represent UMB Bank.

                   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).


RESIDENTIAL CAPITAL: Plan Revised to Modify Claims Estimate
-----------------------------------------------------------
Residential Capital, LLC, and its debtor affiliates, together
with the Official Committee of Unsecured Creditors, revised the
Chapter 11 plan and accompanying disclosure statement to, among
other things, address the objections to the Disclosure Statement
and modify the estimated recovery percentage of certain classes of
creditors.

In the revised Disclosure Statement, the Debtors and the
Creditors' Committee maintain that the Junior Secured Noteholders
are undersecured and therefore not entitled to any post-petition
interest on account of their Claims.  In contrast, the holders of
the Junior Secured Notes Claims assert that they are oversecured
and have been accruing post-petition interest since the Petition
Date.  The Junior Secured Parties assert that they will have
accrued postpetition interest in the amount of approximately $330
million by November 30, 2013, on account of their secured claims.
This estimate of accrued post-petition interest includes default
interest at a rate of 10.625%.  The issues of whether the Junior
Secured Notes are over or undersecured will be addressed in the
JSN Adversary Proceeding or at the Confirmation Hearing.

Under the revised Plan, the estimated aggregate allowed amount of
the Junior Secured Notes Claims is between $1.846 billion and
$2.553 billion, with an estimated recovery of 100%.  The estimated
aggregate allowed amount for ResCap Unsecured Claims, however, was
reduced to $2.060 billion.  The estimated recovery for holders of
ResCap Unsecured Claims under the revised Plan is also reduced to
31.5%-41.9%.  The estimated aggregate allowed amount for GMACM
Unsecured Claims is increased to $2.205 billion, with an estimated
percentage recovery of 26.0%-34.7%.  Another class of creditors
has been added against the GMACM Debtors -- unsecured claims
against Debtor Executive Trust Services, LLC ("ETS").  ETS
Unsecured Claims are impaired and are expected to recover 100% of
their allowed claim amount, estimated to be $4.9 million.  The
estimated aggregate allowed amount for RFC Unsecured Claims is
decreased to $9.063 billion, with decreased estimated percentage
recovery of 7.8%-10.3%.

After payment of all projected allowed secured, administrative and
priority claims, the Debtors estimate that the following amounts
will be available for distribution to unsecured creditors:

   ResCap Debtors                         $748.8 million
   GMACM Debtors                          $665.9 million
   RFC Debtors                            $812.4 million
   Private Securities Claims Trust        $235.0 million
   Borrower Claims Trust                   $57.6 million
   NJ Carpenters Claims Distribution      $100.0 million

The revised Plan also provides that the Debtors, the Consenting
Claimants, Ally Financial Inc., the Creditors' Committee and its
members, will be exculpated from liability in connection with the
negotiation and documentation of any prepetition plan support
agreements, the Plan Support Agreement, the Plan, Disclosure
Statement, and other documents entered into in connection with the
Plan, other than for gross negligence or willful misconduct.

The revised Plan also provides decreased estimated percentage
recovery for creditors under a Chapter 7 liquidation:

* ResCap Debtors

                                        Estimated
                                        % Recovery    Estimated %
                                        Under Ch. 7   Recovery
Class  Description                     Liquidation   Under Plan
-----  -----------                     -----------   -----------
R-1    Other Priority Claims                   N/A           N/A
R-2    Other Secured Claims                 100.0%        100.0%
R-3    Junior Secured Notes Claims     70.3%-77.0%        100.0%
R-4    ResCap Unsecured Claims           0.1%-0.2%   31.5%-41.9%
R-5    Borrower Claims                         N/A           N/A
R-6    Private Securities Claims         0.0%-0.1%           N/A
R-7    NJ Carpenters Claims              0.0%-0.1%           N/A
R-8    Gen. Unsec. Convenience Claims    0.1%-0.2%         36.3%
R-9    Intercompany Balances                   N/A           N/A
R-10   Equity Interests                        N/A           N/A
R-11   FHFA Claims                       0.0%-0.1%           N/A
R-12   Revolving Credit Facility Claims     100.0%           N/A

* GMACM Debtors

                                        Estimated
                                        % Recovery    Estimated %
                                        Under Ch. 7   Recovery
Class  Description                     Liquidation   Under Plan
-----  -----------                     -----------   -----------
GS-1   Other Priority Claims                100.0%        100.0%
GS-2   Other Secured Claims                 100.0%        100.0%
GS-3   Junior Secured Notes Claims     70.3%-77.0%        100.0%
GS-4A  GMACM Unsecured Claims            6.3%-8.1%   26.0%-34.7%
GS-4B  ETS Unsecured Claims                 100.0%        100.0%
GS-5   Borrower Claims                   6.3%-8.1%         30.1%
GS-6   Private Securities Claims         0.0%-6.3%           N/A
GS-7   Gen. Unsec. Convenience Claims    6.3%-8.1%         30.1%
GS-8   Intercompany Balances                   N/A           N/A
GS-9   Equity Interests                        N/A           N/A
GS-10  Revolving Credit Facility Claims        N/A           N/A

* RFC Debtors

                                        Estimated
                                        % Recovery    Estimated %
                                        Under Ch. 7   Recovery
Class  Description                     Liquidation   Under Plan
-----  -----------                     -----------   -----------
RS-1   Other Priority Claims                100.0%        100.0%
RS-2   Other Secured Claims                 100.0%        100.0%
RS-3   Junior Secured Notes Claims     70.3%-77.0%        100.0%
RS-4   RFC Unsecured Claims              1.9%-3.6%    7.8%-10.3%
RS-5   Borrower Claims                   1.9%-3.6%          9.0%
RS-6   Private Securities Claims         0.0%-1.9%           N/A
RS-7   NJ Carpenters Claims              0.0%-1.9%           N/A
RS-8   Gen. Unsec. Convenience Claims    1.9%-3.6%          9.0%
RS-9   Intercompany Balances                   N/A           N/A
RS-10  Equity Interests                        N/A           N/A
RS-11  FHFA Claims                       0.0%-1.9%           N/A
RS-12  Revolving Credit Facility Claims     100.0%           N/A

The Aug. 20 version of the Disclosure Statement proposes the
hearing to consider confirmation of the Plan to be scheduled for
Nov. 19, 2013, at 10:00 a.m., and the voting deadline for
Oct. 21.

A blacklined version of the revised Disclosure Statement, dated
Aug. 16, 2013, is available for free at:

       http://bankrupt.com/misc/RESCAP_blacklineds0816.pdf

A blacklined version of the revised Disclosure Statement, dated
Aug. 20, 2013, is available for free at:

       http://bankrupt.com/misc/RESCAP_blacklineds0820.pdf

A full-text copy of the revised Disclosure Statement, dated
Aug. 23, 2013, is available for free at:

       http://bankrupt.com/misc/RESCAP_ds0823.pdf

Gary S. Lee, Esq., Lorenzo Marinuzzi, Esq., Todd M. Goren, Esq.,
Jennifer L. Marines, Esq., and Daniel J. Harris, Esq., at MORRISON
& FOERSTER LLP, in New York, represent the Debtors.

Kenneth H. Eckstein, Esq., Douglas H. Mannal, Esq., Stephen D.
Zide, Esq., at KRAMER LEVIN NAFTALIS & FRANKEL LLP, in New York,
represent the Creditors' Committee.

                Confirmation Hearing in November

Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York signed an order dated Aug. 23, 2013,
approving the disclosure statement explaining the Chapter 11 plan
proposed by Residential Capital, LLC, and its debtor affiliates,
and the Official Committee of Unsecured Creditors.

The hearing to consider confirmation of the Plan will commence on
Nov. 19, 2013, at 10:00 a.m.  The Confirmation Hearing may be
adjourned from time to time by the Court or the Plan Proponents
without further notice other than adjournments announced in open
Court or as indicated in any notice of agenda of matters scheduled
for a particular hearing that is filed with the Court.

The Plan Objection Deadline and the Voting Deadline will be
Oct. 21.

                   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).


RESIDENTIAL CAPITAL: Wants to Assume, Assign Syncora-Insured Deals
------------------------------------------------------------------
Residential Capital LLC and its affiliates seek authority from the
Court to assume and assign certain servicing-related agreements
for trusts insured by Syncora Guarantee Inc.

Syncora insured payment of principal and interest for the benefit
of the holders of certain securities in three trusts that own
loans previously serviced by the Debtor GMAC Mortgage, LLC.  Since
the closing of the Debtors' servicing platform assets to Ocwen
Loan Servicing LLC, in February, the relevant loans subject of
these three trusts have been subserviced by Ocwen on behalf of
GMACM.  The Debtors now seek to assume and assign to Ocwen, as
permitted by the asset purchase agreement between certain of the
Debtors and Ocwen, as amended, certain servicing-related
agreements relating to those subserviced loans.

According to Gary S. Lee, Esq., at Morrison & Foerster LLP, in New
York, by assuming and assigning the additional agreements to
Ocwen, the Debtors will receive valuable consideration and will
maximize the value of their estates for the benefit of creditors.
Ocwen's subservicing of the loans for the prior five months and
its promise to perform the obligations under the agreements at
issue, along with its demonstrated industry experience, financial
credibility, and ample working capital, together constitute
adequate assurance of its future performance to Syncora, Mr. Lee
states.

                         US Bank Objects

U.S. Bank National Association, solely in its capacity as
indenture trustee for the Greenpoint Mortgage Funding Trust 2006-
HE1, reserves its rights under one servicing agreement insured by
Syncora.

Ronald L. Cohen, Esq., at Seward & Kissel LLP, in New York, points
out that the Debtors assert that Syncora did not timely file a
cure claim in respect of the Trust and two other trusts for which
Syncora insured payment of principal and interest for the benefit
of the holders of each trust.  For that, the Debtors argue that
any cure claim in respect of the trusts should be fixed at zero.

Mr. Cohen related that the Trustee timely filed its notice of cure
claim of U.S. Bank and its affiliates as Trustee and Master
Servicer.  In that notice, the Trustee asserted a cure claim on
behalf of the Trust against Debtor GMAC Mortgage LLC.

A hearing on the motion will be held on Sept. 11, 2013, at 10:00
a.m. (ET).

Norman S. Rosenbaum, Esq., Alexandra Steinberg Barrage, Esq., and
Jonathan Petts, Esq., at MORRISON & FOERSTER LLP, in New York.

Arlene R. Alves, Esq., at SEWARD & KISSEL LLP, in New York, also
represents U.S. Bank.

                   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).


REUTAX AG: Bankruptcy Judge Shields German IT Firm's US Assets
--------------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge issued a
temporary restraining order on Aug. 23 to protect the U.S. assets
of Reutax AG, a Germany-based information technology firm whose
founder is facing criminal charges in that country for allegedly
siphoning funds to purchase a Beverly Hills mansion and other
luxuries.

                             Reutax AG

Reutax began German bankruptcy proceedings in March and founder
Soheyl Ghaemian, who resigned soon after, was arrested in Germany
in June on charges of fraud, embezzlement and breach of fiduciary
duties, according to court documents, the report related.

Heidelberg, Germany-based Reutax AG provides information
technology services to clients, using free-lance information
technology experts. The Debtor was 60% owned by Contreg AG, an
entity owned by the Debtor's founder, Soheyl Ghaemian.  Hans-Peter
Wild, through an entity called Casun Invest AG, held a 40% equity
stake in exchange for a $40 million investment.  Faced with a
liquidity squeeze, as well as EUR10 million in liabilities to its
IT consultants, the Debtor halted operations and on March 20,
2013, filed a petition to open insolvency proceedings over its
assets.

Tobias Wahl was appointed the insolvency administrator in June
2013.  He filed a Chapter 15 petition for Reutax (Bankr. D. Del.
Case No. 13-12135) on Aug. 21, 2013.  The Debtor is estimated to
have assets and debt of $10 million to $50 million.

Michael Joseph Custer, Esq., at Pepper Hamilton LLP, in
Wilmington, Delaware, serves as counsel to the foreign
representative and insolvency administrator for Reutax.

Bankruptcy Judge Mary F. Walrath presides over the case.  Mr. Wahl
has filed a motion for a Rule 2004 examination and scheduled a
hearing for Aug. 22.


REYNOSO VINEYARDS: Cloverdale, Calif. Vineyard in Chapter 11
------------------------------------------------------------
Reynoso Vineyards Inc. filed a Chapter 11 petition (Bankr. N.D.
Cal. Case No. 13-11640) in Santa Rosa, California, on Aug. 26,
2013.

The Debtor disclosed $15.8 million in assets and $9.34 million in
liabilities in schedules filed together with the petition.   The
Debtor owns a 395-acre property at River Road, in Cloverdale,
California.  The property has 148 acres planted with wine grapes
and 9 buildings, which consist of 5 single family dwellings,
2 barns and 2 sheds.  The property is valued at $14 million and
secures and $8.7 million debt to Exchange Bank.

The Debtor is represented by Michael C. Fallon, Esq., at the Law
Offices of Michael C. Fallon, in Santa Rosa, California.


REYNOSO VINEYARDS: Sec. 341 Meeting Slated for Sept. 27
-------------------------------------------------------
There's a meeting of creditors of Reynoso Vineyards Inc. on
Sept. 27, 2013 at 1:00 p.m.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.  All
creditors are invited, but not required, to attend.  This meeting
of creditors offers the one opportunity in a bankruptcy proceeding
for creditors to question a responsible office of the Debtor under
oath about the company's financial affairs and operations that
would be of interest to the general body of creditors.

Proofs of claim are due by Dec. 26, 2013.

                    About Reynoso Vineyards

Reynoso Vineyards Inc filed a Chapter 11 petition (Bankr. N.D.
Cal. Case No. 13-11640) in Santa Rosa, California, on Aug. 26,
2013.

The Debtor disclosed $15.8 million in assets and $9.34 million in
liabilities in schedules filed together with the petition.   The
Debtor owns a 395-acre property at River Road, in Cloverdale,
California.  The property has 148 acres planted with wine grapes
and 9 buildings, which consist of 5 single family dwellings,
2 barns and 2 sheds.  The property is valued at $14 million and
secures and $8.7 million debt to Exchange Bank.

The Debtor is represented by Michael C. Fallon, Esq., at the Law
Offices of Michael C. Fallon, in Santa Rosa, California.


REYNOSO VINEYARDS: Case Summary & 6 Unsecured Creditors
--------------------------------------------------------
Debtor: Reynoso Vineyards Inc.
        25500 River Road
        Cloverdale, CA 95425

Bankruptcy Case No.: 13-11640

Chapter 11 Petition Date: August 26, 2013

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

Judge: Alan Jaroslovsky

Debtor's Counsel: Michael C. Fallon, Esq.
                  LAW OFFICES OF MICHAEL C. FALLON
                  100 E. Street #219
                  Santa Rosa, CA 95404
                  Tel: (707) 546-6770
                  E-mail: mcfallon@fallonlaw.net

Scheduled Assets: $15,783,194

Scheduled Liabilities: $9,344,614

The petition was signed by Joseph A. Reynoso, president.

Debtor?s List of Its Six Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Glen Guglielmina                   Operating Loan         $195,000
146 Birch Street
Redwood City, CA 94062

Arthur S. Ito & Associates         Professional            $50,000
1007B West College Avenue, No. 273 Services
Santa Rosa, CA 95401

Internal Revenue Service           Payroll Tax             $38,468
Mary Ann Urrutia
Insolvency Group 2 - Oakland
1301 Clay Street, M/S 1400 S
Oakland, CA 94612

John Deere Credit                  Equipment               $10,528

John Deere Credit                  Equipment                $8,870

Crop Production Services           Pesticides               $1,000


RG STEEL: Obtains Approval to Hire APS International as Agent
-------------------------------------------------------------
RG Steel Sparrows Point, LLC received the green light from the
U.S. Bankruptcy Court for the District of Delaware to hire APS
International.

RG Steel tapped the firm to serve as its agent in connection with
the lawsuits it lodged against Union Electric Steel Corp. and The
Davy Roll Company, Ltd.  APS' primary task as agent is to serve
complaints and summons on the defendants.

                         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.


ROBERTS HOTELS: Bank of America Seeks Case Dismissal
----------------------------------------------------
Bank of America, N.A. filed a motion with the U.S. Bankruptcy
Court for an order dismissing certain of the Roberts Hotels
Houston, LLC, et al.

In 2007, BofA made loans totaling $43 million to the six
affiliated borrowers so that the borrowers could each purchase a
hotel.  The hotels were located in Houston, Dallas, Atlanta,
Tampa, Shreveport, and Spartanburg.  BofA took mortgage liens on
each of the hotels to secure the outstanding loan.

On various dates in 2012, each of the six affiliated borrowers
filed for Chapter 11 protection. In particular, the entities
that owned the hotels in Dallas, Atlanta, and Tampa filed their
respective cases as:

     Hotel Filing                   Date            Case Number
     ------------                   ----            -----------
Roberts Hotels of Tampa, LLC      May 7, 2012    Case No. 12-44391
Roberts Hotels of Atlanta, LLC    May 9, 2013    Case No. 12-44493
Roberts Hotels of Dallas, LLC     May 23, 2012   Case No. 12-45017

On June 6, 2012, the Bankruptcy Court entered an Order Granting a
Motion for Joint Administration of all six cases.

On April 4, 2013, the Court entered its Order Authorizing Sale of
the Tampa Hotel Free and Clear of All Interests with Interest to
Attach to the Sale Proceeds.  The sale of the Tampa hotel closed
on April 25.

On April 4, 2013, the Court entered its Order Authorizing Sale of
the Atlanta Hotel Free and Clear of All Interests with Interest to
Attach to the Sale Proceeds.  The sale of the Atlanta hotel closed
that same month.

On February 1, 2013, the Court entered its Order Authorizing Sale
of the Dallas Hotel Free and Clear of All Interests with Interest
to Attach to the Sale Proceeds. The sale of the Dallas hotel
closed on March 18.

According to BofA, cause exists to dismiss each of the Dallas
Case, the Atlanta Case, and the Tampa Case because all assets of
those respective estates have been sold and the proceeds paid to
BofA, which held a first priority lien on all of the estate's
assets.  There is no prospect of any distributions being made to
creditors other than BofA as the bank also holds a lien on
avoidance actions to secure the DIP loans made earlier in these
cases, which loans remain outstanding.

BofA said the Order dismissing the three cases should specifically
provide that all Orders, Judgments, and Decrees entered in
connection with such cases prior to the dismissal should be
unaffected by the dismissal of the cases.

Hearing on the motion is set for Sept. 18, 2013, at 10:00 a.m. at
Bankruptcy Courtroom 7 South.

Attorneys for Bank of America, N.A. can be reached at:

         David A. Warfield, Esq.
         One US Bank Plaza, Suite 2600
         St. Louis, MO 63101
         Tel: (314) 552-6000
         Fax: (314) 552-7000
         E-mail: dwarfield@thompsoncoburn.com

                     About Roberts Hotels

Hotel portfolios owned by St. Louis, Mo.-based Roberts Cos. have
filed separate Chapter 11 bankruptcy petitions.  The hotels are
among those involved in a lawsuit Bank of America filed against
Roberts Cos. in April 2012.  BofA alleges Roberts Cos. defaulted
on a loan to renovate six hotels it owns outside of Missouri and
owes more than $34 million.  The hotels are located in Tampa,
Atlanta, Dallas, Houston, Shreveport, La., and Spartanburg, S.C.

Roberts Hotels Dallas LLC, which operates as a Courtyard by
Marriott at 2383 Stemmons Trail in Dallas, filed for Chapter 11
bankruptcy (Bankr. E.D. Mo. Case No. 12-45017) on May 23, 2012,
estimating $1 million to $10 million in assets, and $10 million to
$50 million in debts.

Roberts Hotels Atlanta LLC, dba Clarion Hotel Atlanta, filed for
Chapter 11 (Bankr. E.D. Mo. Case No. 12-44493) on May 9, 2012,
estimating $1 million to $10 million in assets, and $10 million to
$50 million in debts.

Roberts Hotels Shreveport LLC, also under the Clarion flag, sought
Chapter 11 bankruptcy protection (Bankr. E.D. Mo. Case No. 12-
44495) on May 9, estimating under $10 million in assets and
between $10 million and $50 million in debts.

Roberts Hotels Spartanburg LLC, which owns the Clarion Hotel,
formerly named Radisson Hotel & Suites Spartanburg, filed a
Chapter 11 petition (Bankr. E.D. Mo. Case No. 12-43756) on April
19, 2012.  It scheduled $3,028,820 in assets and $34,775,209 in
debts.

Roberts Hotels Houston LLC, dba Holiday Inn Houston, filed for
Chapter 11 (Bankr. E.D. Mo. Case No. 12-43590) on April 16, 2012,
listing under $50,000 in assets and up to $50 million in debts.

Roberts Hotels Tampa LLC, which owns the Comfort Inn hotel at 820
East Busch Blvd. in Tampa, filed for Chapter 11 Bankr. E.D. Mo.
Case No. 12-44391) on May 7, estimating assets between $1 million
and $10 million and debts between $10 million and $50 million.

A. Thomas DeWoskin, Esq., at Danna McKitrick, PC, serves as the
Debtors' counsel.  The petitions were signed by Mike Kirtley,
chief operating officer.

On Dec. 15, 2011, Roberts Hotels Jackson LLC, which owns Roberts
Walthall Hotel, filed for Chapter 11 protection (Bankr. S.D. Miss.
Case No. 11-04341), estimating both assets and debts of between
$1 million and $10 million.  John D. Moore, P.A., represents the
Debtor.

The cases are jointly administered.


ROTECH HEALTHCARE: Found Insolvent, Equity Committee Disbanded
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Rotech Healthcare Inc. will have a simplified plan
confirmation hearing on Aug. 29 because the bankruptcy judge ruled
Aug. 26 that the company is insolvent.

According to the report, U.S. Bankruptcy Judge Peter Walsh in
Delaware also disbanded the official shareholders' committee,
saying the panel was "no longer needed to advance adequate
representation of equity holders."

By finding Rotech is worth less than $647.5 million, Judge Walsh
effectively ruled that shareholders are entitled to nothing under
a Chapter 11 reorganization plan.

The handwriting was on the wall, because last week Judge Walsh
allowed the equity committee's lawyers to withdraw from the case.
The lawyers from Baker & McKenzie LLP and Bifferato LLC said they
were entitled to quit under an ethical rule allowing a lawyer to
resign if the "client insists upon taking action that the lawyer
considers repugnant or with which the lawyer has a fundamental
disagreement."  Equity committee members wanted Judge Walsh to
delay the confirmation hearing so they could find new lawyers.
The judge refused and ordered the plan-approval hearing to begin
as scheduled on Aug. 29.

The reorganization plan was mostly negotiated before the
Chapter 11 filing in April.  For a recovery estimated between
28 percent and 47 percent, the plan gives ownership to holders of
$290 million in 10.5 percent second-lien notes.  Unsecured
creditors, whose official committee supports the plan, are
estimated to have a recovery ranging from 12 percent to
25 percent.

The shareholders' committee was appointed because stockholders
were originally offered 10 cents a share in the original version
of the plan, thus indicating there could be value for equity.
After the equity committee opposed the plan and demanded more, the
plan was modified to give stockholders nothing.

                       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.


SAN BERNARDINO, CA: Judge Streamlines Ch. 9 Eligibility Contest
---------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that San
Bernardino, California's bankruptcy judge chose an unusual way to
help decide whether the city should enjoy her court's protection
from creditors while it renegotiates debts.

Instead of scheduling a multiday trial with platoons of attorneys,
a parade of witnesses and boxes of evidence, U.S. Bankruptcy Judge
Meredith M. Jury will give a handful of lawyers a few hours on
Aug. 28 in her Riverside, California, courtroom to debate the
city's eligibility to file under the U.S. Bankruptcy Code's
Chapter 9, which covers municipalities.

Jury is streamlining the approach taken in the four other large
municipal bankruptcies filed since 1998, those of Vallejo and
Stockton, California; Jefferson County, Alabama; and most recently
Detroit, which last month filed the largest ever Chapter 9 case,
the report related.

Detroit is on track for an eligibility hearing in October, while
Vallejo, Stockton and Jefferson County needed only weeks or months
to convince judges they qualified for protection, the report
noted.  San Bernardino, on the other hand, has waited more than a
year to reach this stage.

"I can understand she may not want to have a lengthy trial on
eligibility," said attorney H. Slayton Dabney Jr., who represented
creditors in the $4 billion Jefferson County bankruptcy, the
report cited.  "That sounds like what she is trying to do."

                    About San Bernardino, Calif.

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles
(104 km) east of Los Angeles, estimated assets and debts of more
than $1 billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.


SECURITY NATIONAL: Can Access Lenders' Cash Until September 30
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, in a
seventeenth interim order dated July 24, authorized Security
National Properties Funding III, LLC, et al., to use cash
collateral of the prepetition lenders for the period from the
Petition Date through and including the earlier of (i) Sept. 30,
2013, and (ii) the effective date of the Plan.

The parties with an alleged interest in Cash Collateral are Bank
of America, N.A., in its capacity as Administrative Agent for
itself and other lenders under the Prepetition Credit Agreement
and Banc of America Securities LLC, as Sole Lead Arranger and Sole
Book Manager.

At the final hearing, the Debtors will seek approval of a final
order for the proposed use of cash collateral arrangements through
and including the earlier of (i) Oct. 31, 2013, and (ii) the
effective date of the Debtors' plan of reorganization,

The Final Hearing is scheduled for Sept. 26, 2013, at 2:00 p.m.

                      About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 was unable to form an official
committee of unsecured creditors.


SECURITY NATIONAL: Has Interim OK for $3-Mil. Unsecured Financing
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, in a
seventh interim order dated August 15, authorized Security
National Properties Funding III, LLC, et al., to obtain additional
post-petition unsecured financing of up to an aggregate principal
amount of $3,000,000 from Security National Properties Holding
Company, LLC, as affiliate of the Debtors, pursuant to the terms
of the Amended Unsecured Note, the Expanded DIP Facility and this
Seventh Interim Order, to satisfy post-petition working capital,
operating and Chapter 11 Case expenses.

Lender is granted and allowed an administrative expense claim
pursuant to Sections 364(b) and 503(b)(1) of the Bankruptcy Code
against the estate of Debtor Security National Properties Funding
III, LLC.

The Final Hearing is set for Sept. 26, 2013, at 2:00 p.m.

A copy of the Seventh Interim Order is available at:

            http://bankrupt.com/misc/snpfiii.doc667.pdf

                      About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 was unable to form an official
committee of unsecured creditors.


SECURITY NATIONAL: Lease Decision Period Extended Until Sept. 30
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved
additional written consents between Security National Properties
Funding III, LLC, et al., and various parties extending the
Debtors' deadline by which to assume or reject nonresidential
property leases under Section 365(d)(4) of the Bankruptcy Code.

The Additional Written Consents are:

1. Stipulation entered into by and among The West Michigan
District of Wesleyan Church, Inc., as landlord, and debtor
Sequoia Investments V, LLC, as tenant, extending the time
for rejection or assumption of the Lease between the parties
with respect to the certain real property located at the
Orchards Mall, 1860 Pipestone Road, Benton Harbor, Michigan,
until Sept. 30, 2013.

2. Stipulation entered into by and among Chin Chung and Jinni
Chung, as landlord, and debtor Security National Properties
Funding, LLC, as tenant, extending the time for rejection or
assumption of the Lease between the parties with respect to
certain real property located at 222 South 9th Street,
Lincoln, Nebraska, until Sept. 30, 2013.

Copies of the Additional Written Consents are available at:

           http://bankrupt.com/misc/snpfiii.doc643-1.pdf

                      About Security National

Eureka, California-based Security National Properties Funding III
LLC owns and operates 33 commercial office, retail, industrial and
other properties.  Security National and various affiliates filed
for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 11-13277)
on Oct. 13, 2011.  Judge Kevin Gross presides over the case.
Donna L. Culver, Esq., Robert J. Dehney, Esq., Justin K. Houser,
Esq., Andrew R. Remming, Esq., and Gregory W. Werkheiser, Esq., at
Morris, Nichols, Arsht & Tunnell, in Wilmington, Delaware, serve
as the Debtors' counsel.  GCG Inc. serves as the Debtors' claims
and notice agent.  The Debtors' scheduled assets total $24,758,433
while scheduled liabilities total $354,657,501.

The U.S. Trustee for Region 3 was unable to form an official
committee of unsecured creditors.


SEMGROUP LP: 3rd Circ. Revives Property Rights Claims in Semcrude
-----------------------------------------------------------------
Law360 reported that the Third Circuit reanimated a bid for post-
bankruptcy property rights by a putative class of crude oil
producers led by Luke Oil Co., allowing them to be heard after
ruling a Delaware federal judge overstepped his bounds by
declaring their action moot.

According to the report, in a precedential decision, a three-judge
panel reversed a decision by U.S. District Court Judge Leonard P.
Stark, disagreeing with his decision to permanently stay the oil
producers' property rights claims in the 2008 bankruptcy of
SemCrude LP because they are equitably moot.

                       About SemGroup, L.P.

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

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

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

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

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

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SENTINEL MANAGEMENT: BNY Mellon Victim of Judges' Self-Reversal
---------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Bank of New York Mellon Corp. walked away scot-free
after being sued for $550 million in federal district court by the
bankruptcy trustee for defunct money manager Sentinel Management
Group Inc.  But the case is turning out to be a highly unusual
one, in which a panel of three appellate judges has now reversed
itself at the bank's expense.

The report recounts that the bank breathed a sigh of relief when
the U.S. Court of Appeals in Chicago originally upheld dismissal
of the suit in August 2012.  Skies darkened for the bank when the
three-judge panel that originally decided the appeal withdrew its
opinion in November after the trustee sought rehearing by all the
judges on the appeals court.

The report relates that reversing course and ruling against the
bank, the same three judges decided on Aug. 26 that the district
judge was wrong in dismissing fraudulent-transfer and equitable-
subordination claims.

The 24-page opinion by U.S. Circuit Judge John D. Tinder indicates
the bank may find itself with an unsecured rather than secured
claim for $312 million.  In telling the district judge what to do
on remand, Tinder left the door open for an eventual ruling that
the bank's claim should come behind other creditors under
equitable subordination.

As contemplated by Sentinel's liquidating Chapter 11 plan
confirmed in December 2008, trustee Frederick Grede sued in March
2008, alleging that the New York-based bank aided the fraud
conducted by Sentinel's management by allowing the improper use of
funds that should have been segregated for customers.  After a 17-
day trial without a jury, U.S. District Judge James B. Zagel
dismissed the trustee's claims in November 2010 and found that the
bank had a valid secured claim.

This week, the three-judge panel of the Seventh Circuit appeals
court in Chicago reversed Judge Zagel and ruled that the facts
proved the trustee could void the bank's security interest as
being part of a fraudulent transfer.  Tinder said improperly using
segregated funds supplied the necessary actual intent to hinder,
delay or defraud.  Judge Tinder rejected Judge Zagel's conclusion
that attempting to "stay in business" by stealing from one
creditor to pay another represented a motive not constituting
intent to defraud.  He said "someone who has the best intensions
can still possess actual intent to defraud."

When the case goes back to Judge Zagel on remand, Judge Tinder
said, the bank can raise defenses such as making loans in good
faith.  Judge Tinder said a good-faith defense is unavailable to
someone with "sufficient knowledge to place him on inquiry notice
of the debtor's possible insolvency."

Judge Tinder, the report relates, said the bank "will have a very
difficult time proving that it was not on inquiry notice of
Sentinel's possible insolvency."

The report notes that success on the fraudulent-transfer claim
would demote the bank to the status of an unsecured creditor.  The
trustee sought to go a step further under the equitable-
subordination theory and demote the bank's claims below those of
other creditors.  Judge Zagel refused to allow equitable
subordination, ruling that negligence wasn't enough.  The district
judge said there could be no subordination without showing conduct
that was "egregious or conscious shocking."

Judge Tinder reversed, saying Judge Zagel's factual conclusions
were "internally inconsistent" and thus "by definition, clearly
erroneous."  For example, knowledge that Northbrook, Illinois-
based Sentinel was misusing customer funds precluded the bank from
relying on representations to the contrary.

If the bank knew Sentinel was misusing funds, Judge Tinder said,
"it certainly suggests that the bank's employees turned a blind
eye to the rest of Sentinel's conduct" or were "reckless in their
failure to detect" misconduct.

When the subordination issue returns before Judge Zagel, Tinder
told the district judge to clarify whether the bank knew Sentinel
was engaging in misconduct "of any kind."  Judge Zagel must also
decide whether the bank's failure to investigate was merely
negligent or reckless.

The appeal is In re Sentinel Management Group Inc., 1903378, U.S.
Court of Appeals for the Seventh Circuit (Chicago).  The suit in
district court is Grede v. Bank of New York, 08-2582, U.S.
District Court, Northern District of Illinois (Chicago).

                     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.


SHAMROCK-HOSTMARK: Can Use GECC's Cash Collateral Until Aug. 31
---------------------------------------------------------------
The Bankruptcy Court entered an eighth interim order authorizing
Shamrock-Hostmark Princeton Hotel, LLC, to use cash collateral of
General Electric Capital Corporation to pay expenses of the Hotel,
including the Hotel's employees, Hostmark Investors, LP, under its
Management Agreement for postpetition services, postpetition
vendors, insurance and taxes.

The Debtor's use of the Lender's cash collateral will terminate on
Aug. 31, 2013.

As adequate protection, the Debtor will continue operating the
Hotel and using cash collateral to pay operating expenses of the
Hotel.  As additional adequate protection, the Lender is granted
valid, binding, enforceable, and duly perfected security interests
in and liens upon all of the currently owned or acquired property
and assets of the Debtor.

The status hearing which was originally scheduled for Aug. 22,
2013, has been continued to Sept. 25, 2013, at 10:00 a.m.

                       About Shamrock-Hostmark

Schaumburg, Ill.-based Shamrock-Hostmark Princeton Hotel,
LLC, filed for Chapter 11 protection (Bank. N.D. Ill. Case No.
12-25860) on June 27, 2012.  William Gingrich signed the petition
as vice president-CFO, of Hostmark Hospitality Group.  Shamrock-
Hostmark Princeton Hotel disclosed $522,413 in assets and
$15,457,812 in liabilities as of the Chapter 11 filing.  Judge
Jacqueline P. Cox presides over the case.

Shamrock-Hostmark Andover and four affiliates are units of
investment fund Shamrock-Hostmark Hotel Fund that own hotels.
Shamrock-Hostmark Princeton owns the DoubleTree by Hilton Hotel
Princeton located in Princeton, New Jersey.  Shamrock-Hostmark
Texas owns Crowne Plaza Hotel in San Antonio, Texas.  Shamrock-
Hostmark Palm owns Embassy Suites Palm Desert in Palm Desert,
Calif.  Shamrock-Hostmark Andover owns the Wyndham Boston Andover
in Andover, Mass.  Shamrock-Hostmark Tampa owns the DoubleTree by
Hilton Hotel Tampa Airport - Westshore in Tampa, Florida.

Brian A. Audette, Esq., David J. Gold, Esq., David M. Neff, Esq.,
and Eric E. Walker, Esq., at Perkins Coie LLP, in Chicago,
Illinois, represent the Debtor as counsel.


SHAMROCK-HOSTMARK: Disclosure Statement Hearing Moved to Sept. 25
-----------------------------------------------------------------
The hearing to consider the approval of the disclosure statement
accompanying Shamrock-Hostmark Princeton Hotel, LLC's Chapter 11
Plan has been continued to Sept. 25, 2013, at 10:00 a.m.

As reported in the Troubled Company Reporter on May 1, 2013,
according to the Disclosure Statement, the Debtors intend to
emerge from bankruptcy by restructuring their debts and ownership
through an equity commitment from the venture.  The Debtors'
interests and properties will vest 100 percent in the Venture,
which will be comprised of equity investor HCK2 Capital Ventures,
LLC and Shamrock-Hostmark Hotel Fund, L.P. and which will repay
lender's secured claims over seven years pursuant to modified loan
terms.  Payments to creditors will be funded from the equity
contribution.

                       About Shamrock-Hostmark

Schaumburg, Ill.-based Shamrock-Hostmark Princeton Hotel,
LLC, filed for Chapter 11 protection (Bank. N.D. Ill. Case No.
12-25860) on June 27, 2012.  William Gingrich signed the petition
as vice president-CFO, of Hostmark Hospitality Group.  Shamrock-
Hostmark Princeton Hotel disclosed $522,413 in assets and
$15,457,812 in liabilities as of the Chapter 11 filing.  Judge
Jacqueline P. Cox presides over the case.

Shamrock-Hostmark Andover and four affiliates are units of
investment fund Shamrock-Hostmark Hotel Fund that own hotels.
Shamrock-Hostmark Princeton owns the DoubleTree by Hilton Hotel
Princeton located in Princeton, New Jersey.  Shamrock-Hostmark
Texas owns Crowne Plaza Hotel in San Antonio, Texas.  Shamrock-
Hostmark Palm owns Embassy Suites Palm Desert in Palm Desert,
Calif.  Shamrock-Hostmark Andover owns the Wyndham Boston Andover
in Andover, Mass.  Shamrock-Hostmark Tampa owns the DoubleTree by
Hilton Hotel Tampa Airport - Westshore in Tampa, Florida.

Brian A. Audette, Esq., David J. Gold, Esq., David M. Neff, Esq.,
and Eric E. Walker, Esq., at Perkins Coie LLP, in Chicago,
Illinois, represent the Debtor as counsel.


SIMON WORLDWIDE: Amendment 3 to 23.8MM Shares Rights Offering
-------------------------------------------------------------
Simon Worldwide, Inc., has further amended its registration
statement on Form S-1 relating to the distribution, at no charge,
to holders of record of the Company's common stock,
nontransferable subscription rights to purchase an aggregate of up
to 23,854,680 shares of the Company's common stock for an
aggregate subscription price of $5,009,482.  In this subscription
rights offering, investors will receive one subscription right for
each share of the Company's common stock you hold of record at
5:00 p.m., Eastern time, on Aug. 6, 2013, the record date.

Each whole subscription right will entitle holders to purchase
0.471 shares of the Company's common stock at a subscription price
of $0.21 per whole share.  The per share subscription price was
determined by the Company's board of directors, and represents a
premium of 162.5 percent to the last reported sales price of the
Company's common stock on the Over-The-Counter QB, or OTCQB, as of
May 30, 2013, the last trading day prior to the filing of the
Company's initial registration statement with respect to this
subscription rights offering.

The Company will not issue fractional shares of common stock in
the subscription rights offering, and holders will only be
entitled to purchase a whole number of shares of common stock,
rounded down to the nearest whole share a holder would otherwise
be entitled to purchase.

Assuming the subscription rights offering is completed, the
Company intends to use $3,500,000 of the proceeds of the
subscription rights offering to make a scheduled capital
contribution to the Company's majority-owned subsidiary, Three
Lions Entertainment, LLC, by Aug. 30, 2013.  The Company plans to
use any remaining proceeds of the offering, after payment of all
expenses, for general and corporate working capital purposes.

The Company is currently controlled by Overseas Toys, L.P.
Overseas Toys beneficially owns 41,763,668 shares of the Company's
common stock, which represents approximately 82.5 percent of the
outstanding shares.  Overseas Toys has indicated that it intends
to exercise all of the rights issued to it under the pro rata
basic subscription right and to subscribe for the maximum
additional shares pursuant to the over-subscription privilege that
it would be entitled to purchase.  However, that indication is not
binding, and Overseas Toys is not legally obligated to do so.
Assuming no other holders exercise their rights in this offering,
and that Overseas Toys exercises its basic and over-subscription
privileges in full as indicated, after giving effect to this
offering, Overseas Toys would own approximately 88.1 percent of
the Company's common stock.

A copy of the amended prospectus is available for free at:

                         http://is.gd/R32byW

                        About Simon Worldwide

Based in Los Angeles, Simon Worldwide, Inc. (OTC: SWWI) no longer
has any operating business.  Prior to August 2001, the Company
operated as a multi-national full-service promotional marketing
company, specializing in the design and development of high-impact
promotional products and sales promotions.  At Dec. 31, 2009,
the Company held an investment in Yucaipa AEC Associates, LLC, a
limited liability company that is controlled by the Yucaipa
Companies, a Los Angeles, California based investment firm.
Yucaipa AEC in turn principally held an investment in the common
stock of Source Interlink Companies, a direct-to-retail magazine
distribution and fulfillment company in North America, and a
provider of magazine information and front-end management services
for retailers and a publisher of approximately 75 magazine titles.
Yucaipa AEC held this investment in Source until April 28, 2009,
when Source filed a pre-packaged plan of reorganization under
Chapter 11 of the U.S. Bankruptcy Code.

Simon Worldwide disclosed a net loss of $1.52 million on $0
revenue for the year ended Dec. 31, 2012, as compared with a net
loss of $1.97 million on $0 revenue in 2011.  The Company's
balance sheet at March 31, 2013, showed $7.17 million in total
assets, $98,000 in total liabilities, all current, and $7.07
million in total stockholders' equity.


SOUTH FLORIDA SOD: Seeks OK of John Moore as Special Counsel
------------------------------------------------------------
South Florida Sod, Inc., seeks permission from the Bankruptcy
Court to employ John Edward Moore, III, and Rossway Moore Swan,
P.L., as its special counsel.  The Debtor said it intends to sell
several of its properties and will need legal representation to
complete the sales.

Mr. Moore has been selected because he has experience in matters
of this nature, and is well qualified to provide the necessary
services to the Debtor.  He is also familiar and has represented
the Debtor in various transactions prepetition.

                      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: Intends to Sell Georgia Property
---------------------------------------------------
South Florida Sod, Inc., seeks the Bankruptcy Court's permission
to sell its property consisting of 2110 acres on Highway 19,
Little Ocmulgee River, Lumber City, Wheeler County, Georgia.  The
Debtor would like to sell the Property to satisfy two secured
claims held by George D. Warthern Bank against the Property and to
generate cash with which to fund a plan of reorganization.

The Debtor asks the Court to approve the sale of the Property free
and clear of all liens, claims and encumbrances, with all those
liens, claims and encumbrances to attach to the proceeds of the
sale.

The Debtor proposes to conduct the auction of the Property at the
Property location on Oct. 19, 2013, at 10:00 a.m.  The Debtor
intends to hire Barfield Auctions, Inc., to conduct the auction of
the Property.  A separate application will be filed to
obtain the approval of Barfield Auctions, Inc.

The Debtor also requests that the Court approve certain bidding
procedures and bid protections.

                       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: Metrolina Buys Assets After Bank Settlement
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Metrolina Greenhouses is buying Stacy's Inc. for
$15.2 million after no competing bids were entered at a bankruptcy
auction.  The bankruptcy court in Spartanburg, South Carolina,
approved the sale of the York, South Carolina-based commercial
greenhouse on Aug. 26.

According to the report, the sale became largely uncontested when
the creditors' committee settled with secured lender Bank of the
West.  The settlement sets aside some sale proceeds to pay
unsecured creditors and expenses of the Chapter 11 reorganization
begun in March.  The committee had attacked the validity of the
bank's liens.  The bank is owed $22.6 million.

Metrolina was originally to pay $17 million. The buyer reduced the
price after bankruptcy.

                        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.


STACY'S INC: Has Access to Cash Collateral Until Aug. 30
--------------------------------------------------------
The Hon. David R. Duncan of the U.S. Bankruptcy Court for the
District of South Carolina authorized Stacy's, Inc.'s use of cash
collateral consisting of the proceeds of inventory and accounts
receivable until Aug. 30, 2013.

The Debtor related that it needed cash collateral until the sale
of substantially all of its assets will be completed.

Bank of the West consented to the Debtor's use of cash collateral
but reserved its right to object to professional fees relating to
the adversary proceeding.

A copy of the budget prepared by the Debtor is available for free
at http://bankrupt.com/misc/STACYSINC_cashcoll_order.pdf

As reported by the Troubled Company Reporter on July 4, 2013, the
Debtor previously won interim approval from the Court to use cash
collateral to allow the Debtor to continue operation of the
business.  The order provided that use of cash will be in
accordance with the new interim budget, which contains cash
collateral projections through July 26, 2013.

In seeking Court approval to use cash collateral, the Debtor said
it would be forced to cease operations and lay off over 800
current employees if access to Bank of the West's cash collateral
is not granted.  The Debtor said it would only be using cash
collateral for a short period of time as it expects to close the
assets sale by Aug. 30.

                        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.


STI INFRASTRUCTURE: S&P Assigns 'B' Corporate Credit Rating
-----------------------------------------------------------
Standard & Poor's Rating Services said it assigned its 'B'
corporate credit rating to STI Infrastructure S.ar.l., the
indirect parent and guarantor of operating companies Synagro
Infrastructure Co. Inc., Synagro Rail Inc., and Synagro Drilling
Inc. (collectively Synagro).  The outlook is stable.

At the same time, S&P assigned a 'B+' issue-level rating (one
notch above the corporate credit rating) and a '2' recovery rating
to the $215 million senior secured term loan due 2020.  The
co-borrowers of the secured facilities are the operating companies
mentioned above.  The revolving facility due 2018, which was
downsized to $50 million from $65 million in the initial plan, is
unrated.

"The ratings on Synagro reflect our assessment of its business
risk profile as weak and its financial risk profile as highly
leveraged," said Standard & Poor's credit analyst James Siahaan.
"We assess its management and strategy as fair," he added.

The company's business risk profile is characterized by the
essential nature of its services and a high percentage of sales
under long-term contracts, which should provide stability to the
top line.  However, municipal budgetary pressures are a concern,
as over 90% of Synagro's customers are municipalities.  Given this
backdrop, Synagro's volumes and pricing could continue to be weak.
The company's favorable market position in biosolids management
partially offsets these characteristics.

The outlook is stable.  S&P expects the company to achieve and
maintain satisfactory operating profitability and generate
sufficient free cash flow to support a financial profile
consistent with the ratings.  S&P also expects the company will
maintain its very aggressive financial policy and pursue modest
acquisitions and, in the longer term, shareholder rewards.  S&P's
expectations at the current rating include FFO to debt ratio of
10%, sufficient availability under its revolver, and leverage
under 5.5x.

S&P could lower the ratings if operating challenges following the
loss of several contracts increases leverage to over 6x, or if the
company's liquidity position deteriorates.  This could happen if
the company's revenues were to decline 2% and EBITDA margins were
to decline 130 bps.

Given the company's credit measures and S&P's expectations
regarding the pace of any deleveraging, it would view an upgrade
over the next year as unlikely at this time.


TAYLOR BEAN: FDIC 'No Value' Ruling Blocks BofA's $1.7B Suit
------------------------------------------------------------
Law360 reported that a "no value" determination by the Federal
Deposit Insurance Corp. -- if it's legal -- puts an end to Bank of
America Corp.'s $1.75 billion lawsuit stemming from the alleged
fraud at Taylor Bean & Whitaker Mortgage Corp. that led to the
collapse of an Alabama-based bank, a Washington federal judge
ruled on Aug. 26.

According to the report, U.S. District Judge Barbara Jacobs
Rothstein ruled on the FDIC's April 15 "no value" finding -- that
determined there's not enough money left from Montgomery, Ala.-
based Colonial Bank, which the FDIC had seized.

The case is BANK OF AMERICA, NATIONAL ASSOCIATION v. FEDERAL
DEPOSIT INSURANCE CORPORATION, Case No. 1:10-cv-01681 (D.D.C.)
before Judge Barbara Jacobs Rothstein.


TEMSCO NC: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Temsco NC Inc.
          aka Temsco, Inc.
        P.O. Box 1108
        Carolina, PR 00986

Bankruptcy Case No.: 13-06907

Chapter 11 Petition Date: August 24, 2013

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

Judge: Enrique S. Lamoutte Inclan

Debtor's Counsel: Hector Eduardo Pedrosa Luna, Esq.
                  THE LAW OFFICES OF HECTOR EDUARDO PEDROSA LUNA
                  P.O. Box 9023963
                  San Juan, PR 00902-3963
                  Tel: (787) 920-7983
                  Fax: (787) 764-7511
                  E-mail: hectorpedrosa@gmail.com

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

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 Efraim Alvarez-Leon, vice president.


THOMPSON NAT'L: Strategic Realty Responds to Ex-Advisor's Claims
----------------------------------------------------------------
Strategic Realty Trust, Inc. (formerly known as TNP Strategic
Retail Trust) responds to claims made by Thompson National
Properties, LLC.  Thompson affiliates were recently terminated as
Strategic's advisor and property manager.  In general Thompson's
claims have no merit and many cases are complete fabrications.

Thompson Claim: "the Special Committee of the Board of Directors
of Company . . . facilitated the takeover of the company by
Glenborough, LLC without shareholder approval . . . ."

Strategic Response: The Company's Charter requires that Board of
Directors contain a majority of Independent Directors and
specially charges the Independent Directors to select, approve and
negotiate the contract with the advisor on behalf of the
shareholders and does not call for shareholders to approve any
change of advisor.  This Charter was prepared under the control
and supervision of Thompson.

The Independent Directors formed a Special Committee in August of
2012 for the protection of shareholders after

        -- Thompson was found to be paying fees to itself that had
not been earned.
        -- Thompson defaulted on certain of their corporate debt
obligations
        -- Thompson's significant corporate losses and negative
net worth grew to over $40 million

Thompson Claim: "The Special Committee hired Glenborough as a
consultant in December 2012 . . . . . to do the same work Thompson
was performing.  In connection with the hiring of Glenborough, the
Special Committee stripped Thompson of effectively all of its
authority to advise and manage the Company."

Strategic Response: The Special Committee was acting fully within
its authority under the Company Charter to protect shareholders
and to commence a transition to a new advisor.  The contract with
Glenborough was to commence the transition to the new advisory
agreement.  During the consulting period Glenborough performed
many services for the Company including but not limited to,
property and corporate accounting, SEC reporting, asset management
and working with the Company's lenders to secure consent for the
change of the advisor and change of the property manager.  The
total fees (net of rebates) earned by Glenborough for the six
months ended June 2013 were market based and were less than the
total fees and overhead charges by Thompson for the same period in
2012.

Thompson Claim: The sale to Glenborough of a 12% interest in SRT
Holdings (a Company subsidiary that holds five properties subject
to the Key Bank debt) was at a below-market price.

Strategic Response: The price for the investment was based on an
arm's-length negotiation between the Special Committee and
Glenborough.  Thompson's estimate of value for three of the five
properties was essentially the same as the negotiated price.
Thompson's estimate of value for the other two properties was
based on dated appraisals or discounted cash flow valuations that
contained lofty leasing projections endorsed by Thompson that have
not been realized under Thompson's property management team.

The Special Committee unanimously approved the transaction with
Glenborough as fair, reasonable and on terms no worse than could
reasonably be expected from a third party. No fairness opinion was
required.  All closing costs were paid by the joint venture as is
customary.  The Company can buy out Glenborough at any time and
based on the formula the buyout price today would likely be the
price paid by Glenborough plus a prorated 7% annual return.  There
is no windfall as Thompson suggests.  Given that the Key Bank debt
associated with the five properties was in default and is subject
to a forbearance agreement, most if not all third parties would
have demanded a much higher preferred return.  Further, the holder
of that debt, KeyBank, approved the transaction, the appointment
of Glenborough as the managing member of that entity, and the
replacement of Thompson as property manager for those assets.

Thompson Claim: The Special Committee has now appointed
Glenborough as a property manager, which Thompson believes may
potentially breach various loan agreements.

Strategic Response: All of the Company's lenders consented to the
change of property managers.

Thompson Claim: Thompson claims that the Special Committee has
delayed setting the Company's annual meeting of the shareholders,
and that Thompson is ready to turn over the shareholder records to
a new transfer agent.

Strategic Response: The Company has been working for months trying
to get complete shareholder records transferred to an independent
third party transfer agent, but Thompson has refused to cooperate
in those efforts.  Thompson owns or controls the current transfer
agent, and continues to demand and collect fees and reimbursements
while refusing to turn over shareholder records, which are the
property of the Company, not Thompson.  Having failed to convince
Thompson to turn over the Company's property, the Company had no
choice but to file suit against Thompson in an effort to obtain
those records.  In response to the lawsuit, Thompson furnished a
partial list of the required information; however it was just a
fraction of the data needed by the new transfer agent to fulfill
its duties.  It is disingenuous for Thompson to complain about the
timing of the annual meeting while refusing to transfer complete
and verifiable shareholder data to the Company's new transfer
agent so that it can assist the Company to take necessary steps to
notice and hold a shareholder meeting.

Thompson Claim: Thompson claims Glenborough has "virtually no
retail experience."

Strategic Response: Glenborough and its predecessors have been
involved in the ownership and management of retail properties for
over 28 years, almost a decade longer than Thompson.  Glenborough
has owned and/or managed hundreds and hundreds of millions of
dollars worth of shopping centers and retail properties.

Thompson Claim: Thompson claims Glenborough took over investment
programs by Rancon and August Financial in the 1990's and still
holds some of these properties today and suggests Glenborough does
not focus on achieving a liquidity event for investors.

Strategic Response: Glenborough did become the substitute general
partner for some of the August Financial partnerships.  Some of
the partnerships merged into a publically traded NYSE listed REIT
in 1996 (a major liquidity event) and the remaining partnerships
and properties were liquidated over 15 years ago.  Glenborough was
hired to provide property management and accounting services to
eight Rancon partnerships of which six were liquidated well over a
decade ago.  As for the remaining two, the general partner (not
Glenborough) chose to hold.  Glenborough, as a provider of
property management and accounting services, was not empowered to
make that decision; the general partner was the only entity with
such authority.

Glenborough has an outstanding history of creating liquidity
events for investors.  In 1996 Glenborough formed a highly
successful REIT which provided liquidity for many investors.  In
2006 the management of Glenborough Realty Trust chose to sell
their entire company to an affiliate of Morgan Stanley in a
transaction valued at $1.9 billion, resulting in a 16.2%
compounded annual return to investors for the 11 year lifespan of
the REIT.

Thompson, on the other hand, has a recent track record marred by
losses for the Bruin Fund, TNP 6700 Santa Monica and its troubled
note programs (TNP 12% Notes Program, TNP 2008 Participated Notes
Program and TNP Profit Participation Program, LLC), which have
generated investor's lawsuits.

Thompson Claim: Thompson claims that $1 million of fees paid to a
prior auditor could have been avoided if the Special Committee had
fired them when recommended by Thompson.

Strategic Response: Thompson did recommend terminating auditors in
the third quarter of 2012, right after the auditor had found that
Thompson had taken fees that not yet been earned.  The auditor
informed the Company that this was a significant deficiency in its
internal controls and that the auditor would no longer rely upon
the representations of Mr. Thompson as Company CEO.  Total fees to
the auditor of $1 million could not have been avoided as Thompson
states because the total paid to the auditor was about $700,000
and a portion of that was earned before Thompson recommended
terminating the auditor.

The Independent directors rightfully did not terminate the
auditors mid-year after they found Thompson taking fees before
they were earned.

Thompson Claim: Thompson claims excess travel including private
air charter by the Independent Directors and Glenborough.

Strategic Response: All travel expenses by Independent Directors
and Glenborough have been reasonable and customary and there has
been no private air charter.  Thompson did seek reimbursement from
the Company in the past for jet fuel for a jet that was owned or
leased by Thompson affiliates.

Thompson Claim: Thompson complains that the level of dividends
paid to investors is unfair.

Strategic Response: The KeyBank Loan documents, negotiated by
Thompson, prohibit the payment of dividends while the Company is
in default under the loan.  That default occurred in the 4th
quarter of 2012, while Thompson was in control of the REIT, and
was at least in part due to Thompson's pursuit of the Lahaina
acquisition.  The Independent Directors had no choice but to
suspend the dividend during the KeyBank loan default in order to
avoid a foreclosure of those assets.  The Company is working to
cure those defaults, and as stated in our August 12, 2013 press
release, we know that dividends are important to investors and are
working towards a goal of resuming the payment of dividends.

Thompson Claim: Glenborough's asset management fees are likely to
be higher than Thompson's asset management fee.

Strategic Response: The total fees to Glenborough are lower than
the Thompson's costs and fees by a substantial margin.

        --  Applying the new fee structure to the 2012 actual
results could have saved the Company $2,300,000 without
considering equity selling costs.
        --  Property management fees are reduced by 20% from 5% to
4% of rents.
        --  The asset management fee is 60 basis points of total
assets and replaces both Thompson's asset management fee and
reimbursement of overhead and staff accounting costs.
        --  The fixed asset management fee with no overhead
reimbursements is a much better structure for the Company as the
cost is quantifiable and will alleviate disputes over the amount
and the nature of reimbursements which disputes were common when
Thompson served as advisor.
        --  Acquisition fees reduced from up to 2.5% to 1%.

Thompson Claim: Thompson claims the Independent Directors were
fully informed and approved of the onerous terms of the Lahaina
financing.

Strategic Response: The acquisition presentation given to the
Board had inadequate disclosure of the onerous loan terms and the
risky cross default provisions that could trigger a default of the
loan if Thompson and certain affiliates filed bankruptcy.

Given that the FINRA report shows that Thompson is possibly
insolvent, and that a Thompson bankruptcy would trigger a loan
default and yield maintenance charges, the Company was at real
risk to a recourse deficiency judgment of possibly $10 million to
$12 million in excess of the collateral value.  That process would
take many months and perhaps years to resolve, and during that
period the Company would be unable to operate in a normal fashion.

Thompson Claim: Thompson claims that the Independent Directors
rejected Thompson's financing proposal that they believe would
have avoided the Key Bank and Lahaina loan defaults.

Strategic Response: Thompson did present a plan to the Board after
both loans were in default.  The Independent Directors rightly
rejected the proposal.  Thompson's plan called for permanent
financing to be placed on three of the Key Bank properties, which
would have limited the Company's financial flexibility and would
have hampered properties' sales as a way to replenish working
capital.  The proposal also included a line of credit for $2.75
million from an affiliate of Thompson.  The line of credit called
for 19% annualized interest cost and an annualized fee on any
undrawn funds under the line of 7.5%.

Thompson Claim: Thompson claims "Contrary to Special Committee
statements, FINRA (Financial Industry Regulatory Authority) has
not accused Thompson of securities violations and does not have
any jurisdiction over Thompson"

Strategic Response: The Special Committee has not commented on the
FINRA lawsuit.  The Company in its August 12th press release did
state that "On July 30th 2013, FINRA charged Anthony W. Thompson
and Thompson National Properties affiliates with securities
violations, including misleading investors, withholding material
information and possibly fraud in connections with offering and
sale of certain investment programs. (Strategic was NOT one of the
programs)."  The programs referenced were the notes programs
discussed above.

This statement is 100% accurate.  Thompson choses to debate which
Thompson affiliates were charged and are licensed and ignores the
fact that Mr. Thompson himself was named by FINRA in its
complaint.

To be very clear FINRA has not alleged any wrong doing in
connection with Strategic Realty Trust.

                   About Strategic Realty Trust

Strategic Realty Trust, Inc. -- http://www.srtreit.com-- is a
non-traded real estate investment trust which owns a portfolio of
primarily grocery anchored shopping centers.  The company's
portfolio consists of 19 shopping centers containing 1.9 million
square feet that are anchored by such grocers as Publix, Safeway
and Wal-Mart.

                            About TNP

TNP -- http://www.tnpre.com-- is a real estate advisory company,
specializing in acquisitions for high net worth investors and
their joint venture partners, along with 3rd party property
management, asset management and receivership advisory services.

Headquartered in Costa Mesa, California, TNP was founded in April
2008 and has three regional offices.  As of August 16, 2013, TNP
manages a portfolio of 106 commercial properties, in 24 states,
totaling approximately 11.02 million square feet, on behalf of
over 6,000 investor/owners/lenders with an overall purchase value
of $1.2 billion.

                       About TNP Strategic

TNP Strategic Retail Trust, Inc., was formed on Sept. 18, 2008, as
a Maryland corporation.  The Company believes it qualifies as a
real estate investment trust under the Internal Revenue Code of
1986, as amended, and has elected REIT status beginning with the
taxable year ended Dec. 31, 2009, the year in which the Company
began material operations.  The Company was initially capitalized
by the sale of 22,222 shares of common stock for $200,000 to
Thompson National Properties, LLC, on Oct. 16, 2008.

TNP Strategic's balance sheet at Sept. 30, 2012, showed $272.33
million in total assets, $197.98 million in total liabilities and
$74.34 million in total equity.

The Company reported a net loss of $11.63 million for the nine
months ended Sept. 30, 2012, compared with a net loss of
$4.39 million for the same period a year ago.


TOMSTEN INC: Plan Filing Exclusivity Extended Through Nov. 25
-------------------------------------------------------------
At the behest of Tomsten, Inc., dba Archiver's, the U.S.
Bankruptcy Court extended the exclusive time for the Debtor to
file a Chapter 11 plan through Nov. 25, 2013, and the exclusive
time to solicit acceptances for that plan through Jan. 23, 2014.

The Debtor estimates that the full effect of its new business plan
won't be realized until the fourth quarter of this year.  At that
time, the Debtor expects to negotiate a plan of reorganization
with the Unsecured Creditors Committee and file it with the Court.

The Debtor's business plan is based on the introduction of the
"Memory Lab" -- a technology based method to help customers
organize and display their digital pictures -- into each store.
It is designed to complement the Debtor's more established
business related to scrapbooking.  Memory Lab became fully
functional in May 2013 and marketing based on it began in June.

                         About Tomsten

Hennepin, Minnesota-based Tomsten, Inc., doing business as
Archiver's, filed a bare-bones Chapter 11 petition (Bankr. D.
Minn. Case No. 13-42153) in Minneapolis on April 29, 2013.  The
Debtor estimated assets of at least $10 million and liabilities of
at least $1 million as of the Chapter 11 filing.  The Debtor has
tapped and Michael L. Meyer, Esq., and the firm of Ravich Meyer
Kirkman McGrath Nauman & Tansey as counsel.  Judge Gregory F.
Kishel presides over the case.

The Official Unsecured Creditors' Committee is represented by Jay
Jaffe, Esq., at Faegre Baker Daniels LLP.


TOMSTEN INC: Can Employ Ravich Meyer as Attorneys
-------------------------------------------------
Tomsten, Inc. sought and obtained approval from the U.S.
Bankruptcy Court to employ the law firm Ravich Meyer Kirkman
McGrath Nauman & Tansey as attorneys.

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

The attorneys and paralegal that will provide these services and
their hourly rates are:

    Professional                   Rates
    ------------                   -----
    Michael L. Meyer               $475
    Michael F. McGrath             $400
    Will Tansey                    $320
    Michael Howard                 $275
    Paralegal                      $150

                         About Tomsten

Hennepin, Minnesota-based Tomsten, Inc., doing business as
Archiver's, filed a bare-bones Chapter 11 petition (Bankr. D.
Minn. Case No. 13-42153) in Minneapolis on April 29, 2013.  The
Debtor estimated assets of at least $10 million and liabilities of
at least $1 million as of the Chapter 11 filing.  The Debtor has
tapped and Michael L. Meyer, Esq., and the firm of Ravich Meyer
Kirkman McGrath Nauman & Tansey as counsel.  Judge Gregory F.
Kishel presides over the case.

The Official Unsecured Creditors' Committee is represented by Jay
Jaffe, Esq., at Faegre Baker Daniels LLP.


UNIFIED 2020: Court Okays Appointment of Daniel Sherman as Trustee
------------------------------------------------------------------
On Aug. 12, 2013, the U.S. Bankruptcy Court for the Northern
District of Texas approved the appointment by United States
Trustee William T. Neary of Daniel Sherman as Chapter 11 Trustee
in the Chapter 11 case of Unified 2020 Realty Partners, LP.

The United States Trustee selected Daniel Sherman to serve as
Chapter 11 Trustee, after consulting with counsel for the Debtor,
Arthur I. Ungerman, Esq., Creditor David A. Schiller of Schiller
Exline PLLC, Peter Lewis, Esq., counsel for United Central Bank,
and Merrett Crosby, Esq., counsel for Orange Business Solutions.

The application of the U.S. Trustee to approve the appointment of
Daniel Sherman as Chapter 11 Trustee was submitted by Nancy S.
Resnick, Esq., Trial Attorney, Office of the United States
Trustee.

                     About Unified 2020 Realty

Unified 2020 Realty Partners, LP, filed a bare-bones petition
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
13-32425) in its home-town in Dallas on May 6, 2013.  The petition
was signed by Edward Roush as president of general partner.  The
Debtor disclosed $44.7 million in total assets and $31.6 million
in liabilities as of the Chapter 11 filing.  The Debtor says it
owns and leases infrastructure critical to telecommunications
companies and data center facilities.  Judge Stacey G. Jernigan
presides over the Chapter 11 case.

Arthur I. Ungerman, Esq., and Kerry S. Alleyne-Simmons, Esq., at
the Law Office of Arthur Ungerman, in Dallas, Texas, represent the
Debtor.  Peter C. Lewis, Esq., and Jacob W. Sparks, Esq., at
Scheef & Stone, LLP, in Dallas, Texas, represent United Central
Bank.

In its schedules, the Debtor disclosed $280,178,409 in assets and
$46,378,972 in liabilities.


UNIFIED 2020: Ch. 11 Trustee Hiring Rochelle McCullough as Counsel
------------------------------------------------------------------
Daniel J. Sherman, the acting Chapter 11 Trustee in the Chapter 11
case of Unified 2020 Realty Partners, LP, asks the U.S. Bankruptcy
Court for the Northern District of Texas for authorization to
employ Rochelle McCullough, LLP, as the Chapter 11 Trustee's
general bankruptcy counsel, effective as of Aug. 9, 2013.

The Firm's general counsel duties will include representation of
the Trustee for the following purposes:

a) To advise the Trustee with respect to his powers and duties in
the case;

b) To assist in his ongoing investigation of the acts, conduct,
assets, liabilities, and financial condition of the Debtor, the
operation of the Debtor's business, and other matters relevant to
the case; and

c) To perform such other legal services as may be required and are
in the interest of the estate.

The Trustee is satisfied from the Declaration of Kevin D.
McCullough, Esq., that the Firm represents no known entity having
an adverse interest to the estate or unsecured creditors in this
case and is otherwise disinterested.

Proposed General Counsel for the Chapter 11 Trustee can be reached
at:

         Kevin D. McCullough, Esq.
         ROCHELLE McCULLOUGH L.L.P.
         325 N. St. Paul Street, Suite 4500
         Dallas, TX 75201
         Tel: (214) 953-0182
         Fax: (214) 953-0185
         E-mail: kdm@romclawyers.com

The hearing on the Application will be held on Sept. 12, 2013, at
9:30 a.m.

                     About Unified 2020 Realty

Unified 2020 Realty Partners, LP, filed a bare-bones petition
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
13-32425) in its home-town in Dallas on May 6, 2013.  The petition
was signed by Edward Roush as president of general partner.  The
Debtor disclosed $44.7 million in total assets and $31.6 million
in liabilities as of the Chapter 11 filing.  The Debtor says it
owns and leases infrastructure critical to telecommunications
companies and data center facilities.  Judge Stacey G. Jernigan
presides over the Chapter 11 case.

Arthur I. Ungerman, Esq., and Kerry S. Alleyne-Simmons, Esq., at
the Law Office of Arthur Ungerman, in Dallas, Texas, represent the
Debtor.  Peter C. Lewis, Esq., and Jacob W. Sparks, Esq., at
Scheef & Stone, LLP, in Dallas, Texas, represent United Central
Bank.

In its schedules, the Debtor disclosed $280,178,409 in assets and
$46,378,972 in liabilities.


UNIFIED 2020: Hearing to Approve Disclosure Statement on Sept. 24
-----------------------------------------------------------------
The hearing to consider the approval of the disclosure statement
for Unified 2020 Realty Partners, LP's Plan of Liquidation, as
filed on Aug. 4, 2013, will be held on Sept. 24, 2013, at 1:30
p.m.

Sept. 17, 2013, is fixed as the last day for filing and serving in
accordance with Fed. R. Bankr. P. 3017(a) written objections to
the disclosure statement.

As reported in the TCR on Aug. 14, 2013, because the actual
operations of the Debtor's business are not adequate to cover the
debt service of the Debtor, and for other reasons, the Debtor has
decided to sell its Property through its Plan.  The stalking horse
buyer is Moms Against Hunger.  The proposed purchase price is
$30,127,283.

If qualifying bids are received, then a public auction will be
held at the U.S. Bankruptcy Court for the Northern District of
Texas on the Sales Date.  In the event that a Qualified Bidder
outbids Mom's Against Hunger at the Auction sale, a Breakup Fee in
the amount of reasonable costs and fees incurred by Mom's Against
Hunger not to exceed 3% of the total Sales Proceeds or $903,818.48
is approved and will be paid from the Sales Proceeds at Closing.

A hearing to approve the successful bid at the Auction will be
scheduled for no later than five (5) days following the Sales
Date.

According to the First Disclosure Statement, the Class 5 Allowed
Secured Claim of United Central Bank will be allowed in the amount
of $12,614,018.20 or such amount as agreed to by UCB and the
Debtor or if not agreed, then as determined by the Court.  Debtor
will pay UCB in full on the Effective Date out of the Cash Down
Payment as Closing.

The estimated amount of UCB'S total claim is $16,659,773.65, based
on the Debtor' schedules.  UCB will have no Allowed Unsecured
Claim after receipt of its Allowed Secured Claim.

Class 8 Allowed General Unsecured Claims, are estimated at
$24,523,617.  As of Aug. 5, 2013, the unsecured claims filed in
the case total $510,538.58.  Class 8 Claims will be paid once
allowed pro rata out of the Seller Financing.  The projected
return to this Class is 100%.

All equity interests in the Debtor will be retained because the
Plan proposes to pay allowed claims of all creditors in full.

A copy of the First Disclosure Statement is available at:

        http://bankrupt.com/misc/unified2020.doc135.pdf

                     About Unified 2020 Realty

Unified 2020 Realty Partners, LP, filed a bare-bones petition
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
13-32425) in its home-town in Dallas on May 6, 2013.  The petition
was signed by Edward Roush as president of general partner.  The
Debtor disclosed $44.7 million in total assets and $31.6 million
in liabilities as of the Chapter 11 filing.  The Debtor says it
owns and leases infrastructure critical to telecommunications
companies and data center facilities.  Judge Stacey G. Jernigan
presides over the Chapter 11 case.

Arthur I. Ungerman, Esq., and Kerry S. Alleyne-Simmons, Esq., at
the Law Office of Arthur Ungerman, in Dallas, Texas, represent the
Debtor.  Peter C. Lewis, Esq., and Jacob W. Sparks, Esq., at
Scheef & Stone, LLP, in Dallas, Texas, represent United Central
Bank.

In its schedules, the Debtor disclosed $280,178,409 in assets and
$46,378,972 in liabilities.


UNIVALA CORP: incurs $336,900 Net Loss in Second Quarter
--------------------------------------------------------
Unilava Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $336,902 on $690,184 of revenue for the three months ended
June 30, 2013, as compared with a net loss of $459,142 on $735,910
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 $765,183 on $1.45 million of revenue, as compared with a
net loss of $935,333 on $1.55 million of revenue for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $2.60 million
in total assets, $8.92 million in total liabilities and a $6.31
million total stockholders' deficit.

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

                         http://is.gd/A4Of1B

                       About Unilava Corporation

Unilava Corporation (OTC BB: UNLA) -- http://www.unilava.com/--
is a diversified communications holding company incorporated under
the laws of the State of Wyoming in 2009.  Unilava and its
subsidiary brands provide a variety of communications services,
products, and equipment that address the needs of corporations,
small businesses and consumers.  The Company is licensed to
provide long distance services in 41 states throughout the U.S.
and local phone services across 11 states.  Through its carrier-
grade microwave wireless broadband infrastructure and broadband
Internet access partners, the Company also offers mobile and high-
definition IP-hosted voice services to residential customers and
corporate clients.  Additionally, Unilava delivers a comprehensive
and integrated suite of fee-based online and mobile advertising
and web services to a broad array of business enterprises.
Headquartered in San Francisco, the Company has regional offices
in Chicago, Seoul, Hong Kong, and Beijing.

Unilava reported a net loss of $1.58 million in 2012, as compared
with a net loss of $2.98 million in 2011.

Shelley International CPA, in Mesa, AZ, 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 losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.


UPTOWN BUSINESS: Case Summary & Unsecured Creditor
--------------------------------------------------
Debtor: Uptown Business Center, LLC
        6528 Cornell Avenue
        Indianapolis, IN 46220

Bankruptcy Case No.: 13-08032-

Chapter 11 Petition Date: July 29, 2013

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Robyn L. Moberly

Debtor's Counsel: Robert D. Cheesebourough, Esq.
                  ROBERT D. CHEESEBOUROUGH
                  543 E. Market Street, Suite 1
                  Indianapolis, IN 46204
                  Tel: (317) 637-7000
                  Fax: (317) 638-2707
                  E-mail: rdc@home-saver.org

Scheduled Assets: $1,350,000

Scheduled Liabilities: $1,055,417

The petition was signed by Leif Hinterberger, manager.

The Company's list of its largest unsecured creditors filed with
the petition contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Captial One Bank                   Charge Card             $11,000
P.O. Box 85522
Richmond, VA 23285


VALENCE TECHNOLOGY: Berg & Berg to Acquire Biz Under Ch.11 Plan
---------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Valence Technology Inc. will emerge from bankruptcy
reorganization owned by secured lender Berg & Berg Enterprises LLC
under a Chapter 11 plan filed last week.

According to the report, the plan calls for Berg to get all the
new stock in exchange for $50 million of the $69.1 million it's
owed.  The remaining $19.1 million will roll over into a new loan
that won't be paid until after other creditors.  Unsecured
creditors are to be paid in full on their $5.2 million in claims,
with half on emergence from bankruptcy and the remaining half one
year later.

The report relates that Berg will also lend Austin, Texas-based
Valence $20 million to be used as working capital and make
payments under the plan.  The new loan will have first-lien
status.

                      About Valence Technology

Valence Technology, Inc., filed a Chapter 11 petition (Bankr. W.D.
Tex. Case No. 12-11580) on July 12, 2012, in its home-town in
Austin.  Founded in 1989, Valence develops lithium iron magnesium
phosphate rechargeable batteries.  Its products are used in hybrid
and electric vehicles, as well as hybrid boats and Segway personal
transporters.

The Debtor disclosed debt of $82.6 million and assets of
$31.5 million as of March 31, 2012.  The Debtor disclosed
$24,858,325 in assets and $78,520,831 in liabilities as of the
Chapter 11 filing.  Chairman Carl E. Berg and related entities own
44.4 percent of the shares.  ClearBridge Advisors LLC owns 5.5
percent.

Judge Craig A. Gargotta presides over the case.  The Company is
being advised by Sabrina L. Streusand at Streusand, Landon &
Ozburn, LLP with respect to bankruptcy matters.  The petition was
signed by Robert Kanode, CEO.

On Aug. 8, 2012, the U.S. Trustee for Region 7 appointed five
creditors to serve on the Official Committee of Unsecured
Creditors of the Debtor.  Brinkman Portillo Ronk, PC, serves as
its counsel.


VISION INDUSTRIES: Incurs $1.4 Million Net Loss in 2nd Quarter
--------------------------------------------------------------
Vision Industries Corp. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $1.36 million on $0 of total revenue for the three
months ended June 30, 2013, as compared with a net loss of $1.32
million on $0 of total revenue for the same period during the
prior year.

For the six months ended June 30, 2013, the Company repored a net
loss of $2.53 million on $0 of total revenue, as compared with a
net loss of $2.72 million on $10,500 of revenue for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.14 million
in total assets, $2.75 million in total liabilities and a $1.60
million total stockholders' deficit.

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

                        http://is.gd/C07vR6

                      About Vision Industries

Long Beach, Cal.-based Vision Industries Corp. focuses its
efforts in building Class 8 fuel cell electric vehicles (FCEV)
used in drayage transportation.

Vision Industries reported a net loss of $5.28 million on $26,545
of total revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $6.44 million on $764,157 of total revenue for
the year ended Dec. 31, 2011.

DKM Certified Public Accountants, in Clearwater, Florida, 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 cash and available credit are
not sufficient to support its operations for the next year.
Accordingly, management needs to seek additional financing that
raises substantial doubt about its ability to continue as a going
concern.


WEST 380: City of Bridgeport Opposes Conversion, OKs Dismissal
--------------------------------------------------------------
The City of Bridgeport opposes the U.S. Trustee's request to
convert the Chapter 11 case of West 380 Family Care Facility to a
case under Chapter 7 for liquidation.  However, Bridgeport joins
the U.S. Trustee in its alternative request to dismiss the case.

Bridgeport believes that conversion of the case to Chapter 7 at
this time will have a negative impact on its community and, rather
than providing a benefit, may actually prove harmful to the
community's best interest.  Bridgeport fears that the term
"liquidation," the appointment of a trustee and the notice of
another creditors meeting after so much time has elapsed may lead
some residents to mistakenly believe that there has been a change
in circumstances and that the medical facility will now be closed.

Moreover, Bridgeport tells the Court that a Chapter 7 is likely to
increase costs without adding any significant economic benefit to
unsecured creditors of the estate.

"[G]iven the circumstances of this case, dismissal is the
appropriate remedy and it supports the United States Trustee in
its request that the case be dismissed," says Josephine Garrett,
Esq., at Josephine Garrett, P.C., in Fort Worth, Texas, attorney
for the City of Bridgeport.

The City of Bridgeport holds a sizable unsecured claim in the
case.  In addition, the medical facility sold by the Debtor to,
and now operated by, Wise Regional Health System is located in the
City of Bridgeport.

The attorney can be reached at:

         Josephine Garrett, P.C.
         3119 West Fifth Street
         Fort Worth, Texas 76017

In a separate filing and in response to the Motion, The SSI Group
filed with the Court invoices totaling $5,437 for services
provided to the Debtor.

                           About West 380

Bridgeport, Texas-based West 380 Family Care Facility, doing
business as North Texas Community Hospital, opened in August 2008
and operates in a 99,000 square-feet two-story building on 19
acres of land.  The hospital has 36 beds and 57 doctors on staff.
There are 200 employees constituting 130 full time equivalent
employees.

West 380 filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
12-46274) on Nov. 8, 2012.  Andrew G. Edson, Esq., Duane J.
Brescia, Esq., and Stephen A. Roberts, Esq., at Strasburger &
Price LLP serve as its counsel.  The Debtor disclosed $38,220,048
in assets and $82,873,548 in liabilities as of the Chapter 11
filing.  Judge D. Michael Lynn presides over the case.


WESTERN PLAINS: Files Financial Results for Second Quarter 2013
---------------------------------------------------------------
Western Plains Petroleum Ltd. on Aug. 28 announced the filing of
its Unaudited Interim Condensed Financial Statements and
Management's Discussion and Analysis for the three and six month
periods ended June 30, 2013 on SEDAR.  The documents can be
accessed through the SEDAR website at http://www.sedar.comor on
the Company's website at http://www.westernplainspetroleum.com

            Selected Financial & Operating Highlights

Revenue and Production

The Company's average production for Q2 2013 was 51 bbls per day
of heavy oil, a decrease of approximately 69% over Q2 2012 average
production of 167 bbls per day.  The decrease was a result of
changes for a key well in Saskatchewan.  This well (0.5 net) was
drilled in March 2012 so Q2 2012 benefited from flush production
from the Waseca formation which unfortunately watered out in April
2013.  The well was recompleted in the upper McLaren formation and
recommenced production in June 2013.  The well continues to
produce from the McLaren formation with gross July 2013 production
averaging 21.2 bbls per day(10.6 net to Western Plains).

Revenue for Q2 2013 was $311,325 as compared to $915,504 for Q2 of
2012 with the decrease the attributable to lower sales volumes.
The Q2 2012 average realized price per bbl. for Western Plains'
heavy oil was $60.20 compared to $67.32 for Q2 2013.  The Company
benefited significantly from this higher heavy oil prices in Q2
2013 compared to $44.75 revenue per bbl in Q1 2013.

Capital Resources and Financial Position

The Company issued press releases on August 14, 2013 and August
27, 2013 regarding the demand from its banker for repayment of its
outstanding loan to that bank and its filing with the Office of
the Superintendent of Bankruptcy, of a Notice of Intention to File
a Proposal under Part III of the Bankruptcy and Insolvency Act
(Canada).  The Company is working to sell all of its oil and
natural gas assets to repay the bank loan and to settle its
liabilities with unsecured creditors. The Company intends to do so
expeditiously and in an orderly manner.  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

Headquartered in Lloydminster, Alberta, Western Plains is a junior
heavy oil producer with interests located in the Lloydminster area
in both Saskatchewan and Alberta.  The Company currently has three
directors.


WINDMILL DURANGO: Wants to Use Bank of Nevada Cash Collateral
-------------------------------------------------------------
Windmill Durango Office II, LLC, seeks interim Bankruptcy Court
approval to use cash collateral of Bank of Nevada to pay ongoing
ordinary course administrative expenses obligations incurred in
the operation of its ongoing business and the administration of
the Chapter 11 case.

"Without the authority to use Cash Collateral, the Debtor will be
forced to cease operations, tenants may terminate their leases,
and the Debtor's ability to reorganize will be placed into
substantial jeopardy," says Zachariah Larson, Esq., at Larson &
Zirzow, LLC, in Las Vegas, Nevada, counsel to the Debtor.

The Debtor also asks the Court to determine that cash on hand does
not constitute cash collateral.

On the Petition Date, the Debtor had cash on hand in its deposit
accounts.  The Debtor asserts that the Bank did not have
possession of or control over those funds via a deposit control
agreement and therefore the Bank does not have a perfected
security interest in that property and it is not considered cash
collateral.

On June 24, 2008, Windmill, as borrower, and Bank of Nevada, as
lender, entered into a Construction Loan Agreement and
Disbursement Authorization for a loan to Windmill in the principal
amount of $13 million.  The Loan was for the purpose of financing
the construction of a 56,000 square foot, two-story office
building.

A hearing will be held on Sept. 11, 2013, at 1:30 p.m. to consider
the Debtor's request.

The counsel can be reached at:

         Matthew C. Zirzow, Esq.
         LARSON & ZIRZOW
         810 S. CASINO CENTER BLVD. #101
         Las Vegas, NV 89101
         Tel: (702) 382-1170
         Fax: (702) 382-1169
         E-mail: matt@lzlawnv.com

                       Bank of Nevada Objects

The Bank does not consent to the Debtor's use of cash collateral
for any purpose other than preserving, protecting or maintaining
the Bank's real and personal property unless the Debtor provides
adequate protection for that use.  The Bank also request that all
net rents be remitted to it on a monthly basis and that retainers
paid to legal counsel be turned over to it.

According to the Bank, it has confirmed that the Debtor paid a
$25,000 retainer to the Debtor's bankruptcy counsel from rents
just days before the Petition Date.  The Bank has also confirmed
that the Debtor paid to Flangas McMillan Law Group a minimum of
$17,000 in likely retainer.

"While the expenses are required to be paid by the Debtor, the
Bank's cash collateral is not appropriate source of payment," the
Bank tells the Court.

The Bank contends that there can be no legitimate dispute that it
has a properly perfected security interest in all pre- and post-
petition rents, including cash on hand and retainers paid to legal
counsel.

The Bank is represented by:

         Richard F. Holley, Esq.
         Ogonna M. Atamoh, Esq.
         Cotton, Driggs, Walch, Holley,
         Woloson & Thompson
         400 South Fourth Street, Third Floor
         Las Vegas, Nevada 89101
         Telephone: 702/791-0308
         Facsimile: 702/791-1912

                       About Windmill Durango

Windmill Durango Office II, LLC, filed a Chapter 11 petition
(Bankr. D. Nev. Case No. 13-16523) on July 25, 2013.  The petition
was signed by Jeff Susa, managing member of IDC Windmill Durango,
LLC, the general partner of Windmill Durango, LP, manager and sole
member.  The Debtor disclosed assets of $817,652 and liabilities
of $14,239,365.  Judge Laurel E. Davis presides over the case.
FLANGAS MCMILLAN LAW GROUP is the Debtor's special corporate and
litigation counsel.


WINDMILL DURANGO: Seeks OK to Hire Larson & Zirzow as Counsel
-------------------------------------------------------------
Windmill Durango Office II, LLC, seeks bankruptcy court permission
to employ Larson & Zirzow, LLC, as its general reorganization
counsel, nunc pro tunc to the Petition Date.  The Debtor selected
L&Z because of the firm's experience in the field of bankruptcy
and business reorganization under Chapter 11 of the Bankruptcy
Code.

The Debtor proposes that L&Z:

   (a) prepare all necessary motions, applications, answers,
       orders, reports, and other papers in connection with the
       administration of the Debtor's estate;

   (b) take all necessary actions in connection with a plan of
       reorganization, disclosure statement and all related
       documents;

   (c) take all necessary actions to protect and preserve the
       estate of the Debtor;

   (d) perform all other necessary services in connection with the
       prosecution of the Chapter 11 case.

Within one year before the Petition Date, the Debtor transferred
to L&Z a retainer of $25,000 for legal services in connection with
its restructuring.

The Debtor will pay L&Z's attorneys $450 per hour and $175 per
hour for paraprofessionals.  The Debtor will also reimburse the
firm for its expenses.

The Debtor believes that L&Z and its attorneys are "disinterested
persons" within the meaning of Section 101(14) of the Bankruptcy
Court, as modified by Section 1107(b).

The hearing on the Application is scheduled for Oct. 1, 2013, at
10:00 a.m.

                       About Windmill Durango

Windmill Durango Office II, LLC, filed a Chapter 11 petition
(Bankr. D. Nev. Case No. 13-16523) on July 25, 2013.  The petition
was signed by Jeff Susa, managing member of IDC Windmill Durango,
LLC, the general partner of Windmill Durango, LP, manager and sole
member.  The Debtor disclosed assets of $817,652 and liabilities
of $14,239,365.  Judge Laurel E. Davis presides over the case.
FLANGAS MCMILLAN LAW GROUP is the Debtor's special corporate and
litigation counsel.

The counsel can be reached at:

         Matthew C. Zirzow, Esq.
         LARSON & ZIRZOW
         810 S. CASINO CENTER BLVD. #101
         Las Vegas, NV 89101
         Tel: (702) 382-1170
         Fax: (702) 382-1169
         E-mail: matt@lzlawnv.com


WINTDOTS DEVELOPMENT: Court Denies Confirmation of Amended Plan
---------------------------------------------------------------
The Hon. Mary F. Walrath, sitting in the District Court of the
Virgin Islands, on Aug. 8, 2013, entered an order denying
confirmation of the Amended Plan of Reorganization of Wintdots
Development.

As reported in the Troubled Company Reporter on June 28, 2013,
Kennedy Funding, Inc., filed a limited objection to the
confirmation of the Debtor's Amended Plan.  Kennedy said the
Amended Plan is contingent upon a firm financing commitment.  The
proposed buyer Ideal Development agreed to a financing commitment
but -- to the best of Kennedy's knowledge, information and belief
-- no binding financing commitment has been made to the Debtor.
Therefore, the apparent lack of financing to close on the contract
leads Kennedy to reasonably question whether the deal is bona
fide.

Kennedy's claims are secured by certain personal and real property
of the Debtor.

Matthew J. Duensing, Esq., at Duensing, Casner, Dollison &
Fitzsimmons, represents Kennedy.

                             The Plan

As reported in the Troubled Company Reporter on Jan. 11, 2013,
Wintdots Development's Plan provides for the payment of all
administrative expenses and the allowed or agreed claims of
the secured, priority unsecured and general unsecured creditors
through continued operation of the business and post-petition
financing.

Taxes owed to the Internal Revenue Service will be paid in full.

The secured claims of Kennedy Funding, Inc., and Marvin and
Evelyn Freund, Trustees, in the amounts of $9,603,641 and
$225,000, will be paid not later than 60 days after the Effective
Date of the Plan.  This Class is not impaired.

General unsecured creditors, owed $880,946.54, will receive 100%
of their allowed or agreed claims, without interest, not later
than 60 days after the Effective Date of the Plan.  This class in
impaired.

Holders of interests in the Debtor will retain their interests.

A copy of the Disclosure Statement, as twice amended, is available
at http://bankrupt.com/misc/wintdots.doc39.pdf

                    About Wintdots Development

Wintdots Development, LLC, filed a Chapter 11 petition (Bankr. D.
V.I. Case No. 12-30003) in its hometown in St. Thomas, Virgin
Islands on March 11, 2011.  The Debtor disclosed $56.42 million in
assets and $10.79 million in liabilities in its schedules.

The Debtor has three properties totaling 21 acres in St. Thomas
that are valued at $56.40 million.  Each of the properties secures
a $9.60 million first lien debt to Kennedy Funding, Inc., and a
$225,000 second lien debt to Marvin & Evelyn Freund.

Bankruptcy Judge Mary F. Walrath oversees the case.  Benjamin A.
Currence P.C., represents the Debtor.


WINTDOTS DEVELOPMENT: Kennedy Funding Wins Relief From Stay
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Virgin Islands
granted Kennedy Funding Inc.'s renewed motion for relief from the
automatic stay with regards to the mortgage premises of Wintdots
Development, LLC.

                    About Wintdots Development

Wintdots Development, LLC, filed a Chapter 11 petition (Bankr. D.
V.I. Case No. 12-30003) in its hometown in St. Thomas, Virgin
Islands on March 11, 2011.  The Debtor disclosed $56.42 million in
assets and $10.79 million in liabilities in its schedules.

The Debtor has three properties totaling 21 acres in St. Thomas
that are valued at $56.40 million.  Each of the properties secures
a $9.60 million first lien debt to Kennedy Funding, Inc., and a
$225,000 second lien debt to Marvin & Evelyn Freund.

Bankruptcy Judge Mary F. Walrath oversees the case.  Benjamin A.
Currence P.C., represents the Debtor.


WOOTEN GROUP: Court Approves Accord Resolving Case Conversion Bid
-----------------------------------------------------------------
The Bankruptcy Court approved a stipulation for continuing
compliance in resolution of U.S. Trustee's motion to convert,
dismiss or appoint a Chapter 11 trustee in the case of Wooten
Group, LLC, with an order directing payment of quarterly fees and
for judgment.

The stipulation, entered between the Debtor and Peter C. Anderson,
the U.S. Trustee, also provides that if the deficiencies are not
cured within the seven calendar days, or if the Debtor thereafter
fails to remain in compliance with the U.S. Trustee Guideline
requirements, the U.S. Trustee may submit, without further notice
or hearing, an application, declaration and proposed order,
dismissing the case with a judgment for any outstanding U.S.
Trustee quarterly fees.

The U.S. Trustee is represented by Queenie K. Ng --
quennie.k.ng@usdoj.gov

The Debtor's former counsel -- the Law Offices of Michael Jay
Berger -- filed a joinder to the U.S. Trustee's request to dismiss
or convert the case.  The Debtor opposed the joinder.  The Debtor
asked the Court to overrule the joinder, and allow the Debtor to
proceed with settlement and ultimately confirm a Chapter 11 Plan.

Berger joined the U.S. Trustee's motion, asserting that the
Debtor's case must be dismissed because as of yet the Debtor has
not proposed a confirmable plan and that the Debtor has no ability
to reorganize.

As reported in the Troubled Company Reporter on July 24, 2013,
Peter C. Anderson, U.S. Trustee for Region 16, asked the Court to
dismiss or convert the case of the Debtor for failing to comply
with certain requirements of the U.S. Trustee Guidelines.

                     About Wooten Group, LLC

Beverly Hills, Calif.-based Wooten Group, LLC, filed a bare-
bones Chapter 11 petition (Bankr. C.D. Calif. Case No. 12-31323)
in Los Angeles on June 19, 2012.  Judge Thomas B. Donovan oversees
the case.  M. Jonathan Hayes, Esq. -- jhayes@SRHLawFirm.com --
represents the Debtor as counsel.  When it filed for bankruptcy,
the Debtor estimated assets of between $10 million and $50 million
and debts of between $1 million and $10 million.  The petition was
signed by Mark Slotkin, managing member.


* Fraudulent-Transfer Suit Remains in Bankruptcy Court
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a fraudulent-transfer lawsuit in North Carolina was
allowed to proceed in bankruptcy court because the defendants had
filed claims.

The report recounts that the trustee for an individual in
bankruptcy sued several creditors who received allegedly
fraudulent transfers in a Ponzi scheme conducted by the bankrupt.
The defendants filed a motion to remove the fraudulent-transfer
suit from bankruptcy court, contending they were entitled to a
jury trial and the bankruptcy court had no power to issue a final
judgment under the U.S. Supreme Court's opinion in Stern v.
Marshall.

According to the report, U.S. District Judge Thomas D. Schroeder
in Greensboro, North Carolina, began his opinion by noting there
have been no decisions so far from the U.S. Court of Appeals in
Richmond, Virginia, construing the meaning of Stern. He cited
several phrases in the Stern opinion saying it should have little
effect on bankruptcy court.  The trustee's lawsuit may have been
based on the theory that the creditors were recipients of
intentionally fraudulent transfers because they got money stolen
from other investors.

Judge Schroeder said that determining the validity of the
creditors' claims would necessarily subsume resolution of the
fraudulent-transfer suits, taking the cases outside the ambit of
Stern.  He relied on Section 502(d) of the Bankruptcy Code, which
says a claim is disallowed until a fraudulent-transfer judgment is
paid.

Judge Schroder didn't cite opinions by U.S. District Judge Jed
Rakoff in New York regarding withdrawal of the reference in the
liquidation of Bernard L. Madoff Investment Securities Inc.
Rakoff took hundreds of suits out of bankruptcy court under the
authority of Stern.

Judge Rakoff's rulings were based on the presence of federal
securities law questions in the Madoff suits. It isn't clear from
Schroeder's opinion whether his case likewise involved securities
law.

The case is Mason v. Ivey, 12-bk-00525, U.S. District
Court, Middle District of North Carolina (Greensboro).


* Banker Pleads Guilty in TARP Funds Case
-----------------------------------------
Michael R. Crittenden, writing for The Wall Street Journal,
reported that a former Missouri bank executive pleaded guilty on
Monday to misleading the government over the use of federal
bailout funds to purchase a Florida vacation home.

The report related that federal prosecutors said Darryl Layne
Woods, former chairman and majority shareholder of Calvert
Financial Corp., admitted that he spent $381,487 on a luxury
condominium in Fort Myers, Fla., just days after the bank received
$1.04 million in emergency rescue funds through the $700 billion
Troubled Asset Relief Program, according to a statement released
on Aug. 27 by the special inspector general for TARP. When asked
by federal watchdogs how the bank used the taxpayer dollars, he
failed to disclose the condo purchase, the release said.

"These federal funds were intended to help stabilize the economy
during a fiscal crisis. Instead, this disgraced business leader
took advantage of the situation to benefit himself and other bank
executives, then lied to federal investigators in an attempt to
hide his scheme," said Tammy Dickinson, U.S. attorney for the
western district of Missouri, according to the release, the report
cited.

An attorney for Mr. Woods referred a request for comment to a
statement issued by the bank of which Mr. Woods used to be
chairman, the report said.  Mainstreet Bank, for which Calvert
Financial served as a holding company, said in a statement on its
website that Mr. Woods "was eager to accept the agreement offered,
ending a long and costly review of the facts and issues for both
sides." The bank's statement said that the condo in question was
tied to its investments in real estate.

"The government informed the bank that no changes to its business
model were necessary as a TARP recipient. Those rules changed a
year after the funds were received by the bank," the bank's
statement said.


* U.S. Banks' Legal Bills Exceed $100 Billion
---------------------------------------------
Donal Griffin and Dakin Campbell, writing for Bloomberg News,
reported that the six biggest U.S. banks, led by JPMorgan Chase &
Co. and Bank of America Corp. have piled up $103 billion in legal
costs since the financial crisis, more than all dividends paid to
shareholders in the past five years.

That's the amount allotted to lawyers and litigation, as well as
for settling claims about shoddy mortgages and foreclosures,
according to data compiled by Bloomberg. The sum, equivalent to
spending $51 million a day, is enough to erase everything the
banks earned for 2012.

The mounting bills have vexed bankers who are counting on expense
cuts to make up for slow revenue growth and make room for higher
payouts. About 40 percent of the legal and litigation outlays
arose since January 2012, and banks are warning the tally may
surge as regulators, prosecutors and investors press new claims,
the report related. The prospect is clouding outlooks for stock
prices, and by some estimates the damage could last another
decade.

"They've crossed the point of no return when it comes to the
effects that these expenses are going to have on earnings," said
Jeffrey Sica, who helps oversee more than $1 billion as head of
Sica Wealth Management LLC in Morristown, New Jersey, and doesn't
recommend bank stocks, the report cited. "This is going to keep on
hurting them, and people will start paying more attention."

JPMorgan and Bank of America bore about 75 percent of the total
costs, according to the figures compiled from company reports.
JPMorgan devoted $21.3 billion to legal fees and litigation since
the start of 2008, more than any other lender, and added $8.1
billion to reserves for mortgage buybacks, filings show, the
report further related.


* FHFA Said to Seek $6 Billion Minimum in JPMorgan Talks
--------------------------------------------------------
Dawn Kopecki, writing for Bloomberg News, reported that a U.S.
housing regulator is seeking at least $6 billion from JPMorgan
Chase & Co. to settle civil claims the bank sold bad mortgage
bonds to government-backed finance companies Fannie Mae and
Freddie Mac, according to a person briefed on the matter.

According to the report, JPMorgan, the biggest U.S. bank by
assets, is fighting the Federal Housing Finance Agency's latest
request, said the person, who asked not to be identified because
the talks are private. The lawsuit is scheduled to go to trial in
June, according to a filing in federal court in Manhattan.

The FHFA sued JPMorgan and 17 other banks over faulty mortgage
bonds two years ago in an effort to recoup some of the losses
taxpayers were forced to cover when the government took over the
failing mortgage finance companies in 2008, the report related.
Fannie Mae and Freddie Mac, which are regulated by FHFA, have
taken $187.5 billion in federal aid since then.

Peter Garuccio, a spokesman for FHFA, and Justin Perras, a
spokesman for the bank, declined to comment. The Financial Times
reported the $6 billion minimum settlement request earlier on Aug.
27, the report further related.


* "London Whale" Penalties Put at $500 Million to $600 Million
--------------------------------------------------------------
Dan Fitzpatrick, Nick Timiraos and Christopher Bjork, writing for
The Wall Street Journal, reported that J.P. Morgan Chase & Co.'s
penalties for the "London whale" trading fiasco are expected to
total $500 million to $600 million as part of a far-reaching
settlement that could wrap up as soon as next month, according to
people close to the situation.

The report related that the Justice Department, Securities and
Exchange Commission, Commodity Futures Trading Commission, Office
of the Comptroller of the Currency and the U.K's Financial Conduct
Authority are conducting investigations into J.P. Morgan's
handling of the episode. Not all agencies have agreed to their
final numbers and the total could still be above or below the
range, one of these people added.

U.S. and U.K. officials for months have been considering the
possibility of such a "global" settlement, which would resolve all
the probes at once, said another person familiar with the matter,
the report said.

The negotiations are part of a larger effort by J.P. Morgan to put
a number of legal headaches behind it as the nation's largest bank
tries to shed various crisis-era lawsuits and shore up its
relationship with regulators, the report further related.

One federal regulator is asking J.P. Morgan, the nation's largest
bank by assets, to cough up more than $6 billion to settle claims
that the bank misled mortgage-finance companies Fannie Mae and
Freddie Mac about the quality of mortgages it sold to them during
the housing boom, said people close to the talks. J.P. Morgan is
resisting the amount, these people added, the report added.  The
two sides are billions of dollars apart, one person said.


* Fitch Sees Improvement in Earnings Outlook for Life Insurers
--------------------------------------------------------------
Earnings headwinds associated with low interest rates and equity
market volatility moderated in the first half of 2013,
contributing to a modest improvement in Fitch Rating's base case
2013 earnings outlook for U.S. life insurers.

The recent run-up in interest rates and equity market valuations,
if sustained in the second half, would be primary drivers of the
improvement. Longer term, industry earnings remain vulnerable to
still low interest rates and uncertainty tied to the weak economic
recovery in the U.S. and abroad.

Results through the first half were mixed, with some large
insurers reporting strong improvement, while others were flat to
down. The average operating return on equity improved to 11% from
10% for the full year 2012. The average operating return on assets
was flat at 1.25%.

Asset-based fee income has been a significant positive due in
large part to equity market appreciation and lower volatility. Net
flows have also remained positive, although lower, in many lines,
particularly variable annuities, where companies have pulled back
on more generous guarantees. Lower equity market volatility also
stabilizes asset based fee income and reduces the cost of equity
market hedges.

Interest margins continue to hold up reasonably well due primarily
to reduced crediting rates. While the uptick in interest rates in
the first half of 2013 has provided some relief, Fitch expects
further, albeit modest, spread compression for the balance of 2013
due to still low reinvestment rates on assets supporting in-force
business and limited crediting rate flexibility.

Underwriting experience has been mixed. Higher claim costs
associated with disability and long-term care continue to weigh on
industry results and are expected to continue for the balance of
the year. Further, select insurers have reported a deterioration
in mortality experience to date, which Fitch views as normal
random fluctuation that is not expected to continue.


* Allen Matkins Promotes Six Associates to Senior Counsel
---------------------------------------------------------
Allen Matkins, a California-based full service real estate and
business law firm, has promoted six of its notable associates to
the position of senior counsel, including litigation attorney
Marissa M. Dennis; real estate attorneys Michael D. Kostecka,
Crystal Lofing and Erin L. Murphy; corporate and securities
attorney Geoffrey E. Perusse; and bankruptcy and creditors' rights
attorney Andrea M. Schoor.

"This group of new senior counsel has demonstrated during their
tenure as associates to be expert, efficient and client-focused
attorneys creating value for their clients and the firm," says
Allen Matkins Managing Partner David L. Osias.  "They have
proactively taken on leadership roles amongst their peers and each
exemplify what it means to be a 'rising star' both in and out of
the office.  Congratulations to each of them for this
recognition." In addition to the recent promotions, Allen Matkins
has hired 12 new lateral attorneys in the last year, not including
the seven law school graduates hired last fall.

Marissa Dennis is a litigation attorney in Allen Matkins' Los
Angeles office.  Her practice focuses on business and commercial
real estate and finance litigation, including contract and
commercial lease disputes, construction litigation, Proposition 65
litigation, receiverships, and attorney malpractice.

Michael Kostecka practices in Allen Matkins' real estate
department, also out of the firm's Los Angeles office.  He has
drafted and negotiated leases on behalf of landlords holding an
aggregate of more than 4.5 million rentable square feet of
commercial and industrial space throughout California, Utah and
Washington.

Crystal Lofing, a real estate attorney working out of Allen
Matkins' Century City office, has worked on some of California's
most high-profile real estate deals.  Since 2010 she has closed
more than $3 billion in commercial acquisitions and dispositions
for some of the firm's top clients.  One of Crystal's many
achievements in 2012 was managing the complex real estate
negotiations of Frank McCourt's $2.15 billion sale of the Los
Angeles Dodgers.

Erin Murphy is another transactional real estate attorney in Allen
Matkins' Los Angeles office.  Clients rely on Erin to represent
their interests, as landlords, on office projects throughout the
Western United States, totaling more than 3.5 million square feet.

Geoff Perusse is a corporate and securities attorney who works out
of Allen Matkins' San Francisco office.  Having worked at the
Securities and Exchange Commission, Geoff has a strong background
in technical securities law matters and works on a regular basis
with flourishing entrepreneurs and technology companies based in
San Francisco and Silicon Valley.

Andrea Schoor practices in Allen Matkins' bankruptcy and
creditors' rights and litigation groups out of the firm's Los
Angeles office.  She represents lenders, receivers, companies and
individuals in litigation and bankruptcy matters with experience
working at all stages of the pre-trial process, including
pleading, discovery, law and motion, mediation/arbitration and
settlement.

                       About Allen Matkins

Founded in 1977, Allen Matkins -- http://www.allenmatkins.com--
is a California-based law firm with more than 200 attorneys in
four major metropolitan areas of California: Los Angeles, Orange
County, San Diego and San Francisco.  The firm's core specialties
include real estate, real estate and commercial finance,
bankruptcy and creditors' rights, construction, land use, natural
resources, environmental, corporate and securities, intellectual
property, joint ventures, taxation, employment and labor law, and
dispute resolution and litigation in all these matters.


* AmeriBid's Workman to Serve as TMA Conference Committee Member
----------------------------------------------------------------
AmeriBid LLC on Aug. 28 announced the involvement of President and
COO Stephen Karbelk as a planning committee member for the
Turnaround Management Association's 25 annual conference.  The
Turnaround Management Association (TMA) is hosting The TMA Annual,
taking place October 3-5 at the Marriott Wardman Park in
Washington, DC.  The conference attendees will include turnaround
consultants, financial advisors, attorneys, judges, lenders and
sales agents from across the nation and around the world.  To help
plan the event, Donald A. Workman, the Head of BakerHostetler's
Bankruptcy & Creditors' Rights practice in Washington, DC, and
Stephen Karbelk, CAI, AARE, real estate auctioneer and co-Founder
of AmeriBid LLC in Reston, VA, have been appointed to The TMA
Annual Planning Committee.

"TMA's annual conference is the premier event for insolvency and
workout professionals," comments Don Workman.  "The conference
draws in top professionals from all industry segments, making it
one of the best networking and educational events available."

This year's event will mark TMA's 25 Anniversary, and will feature
distinctive guest speakers: Doug Parker, chairman and CEO of US
Airways; General Stanley A. McChrystal; and Joe Scarborough and
Mika Brzezinski from MSNBC's Morning Joe.  Special events include
the 2013 Turnaround, Restructuring, and Distressed Investing
Industry Hall of Fame Class Induction Ceremony, the TMA Turnaround
and Transaction of the Year Awards Brunch, and numerous networking
receptions.

"We expect to have hundreds of attendees from across the country
as well as many international attendees," notes Stephen Karbelk.
"Early bird registration ends September 6 so sign up quickly."

To register for the conference or to learn more, please visit
http://www.thetmaannual.org

                         About AmeriBid

Headquartered in Reston, VA, AmeriBid is a global real estate
auction leader specializing in the sale of commercial and
residential real estate, land properties and other assets for
lenders, servicers, receivers, bankruptcy attorneys, estates,
private owners, investment companies and local, state and federal
government agencies.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In re New Hope Behavioral Health Center, Inc.
   Bankr. D. Ariz. Case No. 13-14261
     Chapter 11 Petition filed August 19, 2013
         See http://bankrupt.com/misc/azb13-14261.pdf
         represented by: James M. McGuire, Esq.
                         DAVIS MILES MCGUIRE GARDNER, PLLC
                         E-mail: jmcguire@davismiles.com

In re Michelle Mathis
   Bankr. D. Ariz. Case No. 13-14315
      Chapter 11 Petition filed August 19, 2013

In re Holman Network, Corp
   Bankr. N.D. Ga. Case No. 13-68067
     Chapter 11 Petition filed August 19, 2013
         See http://bankrupt.com/misc/ganb13-68067.pdf
         represented by: Prince A. Brumfield, Esq.

In re Bonifacio Diaz Campos
   Bankr. D. Idaho Case No. 13-41025
      Chapter 11 Petition filed August 19, 2013

In re Consolidated Properties, Inc.
   Bankr. D. Kans. Case No. 13-22140
     Chapter 11 Petition filed August 19, 2013
         See http://bankrupt.com/misc/ksb13-22140.pdf
         represented by: J. Michael Morris, Esq.
                         KLENDA AUSTERMAN, LLC
                         E-mail: jmmorris@klendalaw.com

In re Luigi DeCicco
   Bankr. D. Mass. Case No. 13-14920
      Chapter 11 Petition filed August 19, 2013

In re Gertrudes Schwartz
   Bankr. D. Nev. Case No. 13-17082
      Chapter 11 Petition filed August 19, 2013

In re Willie Coleman
   Bankr. D. Nev. Case No. 13-17088
      Chapter 11 Petition filed August 19, 2013

In re Dusty's Transport Inc.
   Bankr. D. N.H. Case No. 13-12065
     Chapter 11 Petition filed August 19, 2013
         See http://bankrupt.com/misc/nhb13-12065.pdf
         represented by: Robert L. O'Brien, Esq.
                         O'BRIEN LAW
                         E-mail: roboecf@gmail.com

In re Empresas Doble Uno Inc.
   Bankr. D.P.R. Case No. 13-06748
     Chapter 11 Petition filed August 19, 2013
         Filed as Pro Se

In re Thomas Crosswhite
   Bankr. D. Utah Case No. 13-29472
      Chapter 11 Petition filed August 19, 2013

In re Exclusive Homes, Inc.
   Bankr. M.D. Fla. Case No. 13-10956
     Chapter 11 Petition filed August 20, 2013
         See http://bankrupt.com/misc/flmb13-10956.pdf
         represented by: Richard A. Johnston, Jr., Esq.
                         Johnston Champeau, LLC
                         E-mail:
                         richard.johnston@johnstonchampeau.net

In re Peter Veugeler
   Bankr. M.D. Fla. Case No. 13-10389
      Chapter 11 Petition filed August 20, 2013

In re SMI Security Management, Inc.
   Bankr. S.D. Fla. Case No. 13-29728
     Chapter 11 Petition filed August 20, 2013
         See http://bankrupt.com/misc/flsb13-29728.pdf
         represented by: Peter D. Russin, Esq.
                         E-mail: prussin@melandrussin.com

In re James Stark
   Bankr. E.D.N.C. Case No. 13-5220
      Chapter 11 Petition filed August 20, 2013

In re John Foster
   Bankr. E.D.N.C. Case No. 13-5216
      Chapter 11 Petition filed August 20, 2013

In re Jorge Rodriguez Martinez
   Bankr. D.P.R. Case No. 13-6786
      Chapter 11 Petition filed August 20, 2013

In re Donald Enloe
   Bankr. E.D. Tenn. Case No. 13-33019
      Chapter 11 Petition filed August 20, 2013

In re 426 Granby Street, LLC
        dba 426 Granby, LLC
   Bankr. E.D. Va. Case No. 13-73089
     Chapter 11 Petition filed August 20, 2013
         See http://bankrupt.com/misc/vaeb13-73089.pdf
         represented by: Kelly Megan Barnhart, Esq.
                         Roussos, Lassiter, Glanzer & Barnhart
                         E-mail: barnhart@rlglegal.com

In re Grassroots Outdoor, LLC
        dba GRO
   Bankr. W.D. Wash. Case No. 13-17552
     Chapter 11 Petition filed August 20, 2013
         See http://bankrupt.com/misc/wawb13-17552.pdf
         represented by: Martin E. Snodgrass, Esq.
                         E-mail: mes@snodgrasslaw.com
In re David Oesterblad
   Bankr. E.D. Ark. Case No. 13-14687
      Chapter 11 Petition filed August 21, 2013

In re Lawrence Rabinoff
   Bankr. C.D. Cal. Case No. 13-15501
      Chapter 11 Petition filed August 21, 2013

In re Ervin Jones
   Bankr. C.D. Cal. Case No. 13-30996
      Chapter 11 Petition filed August 21, 2013

In re Mukesh Patel
   Bankr. N.D. Fla. Case No. 13-40517
      Chapter 11 Petition filed August 21, 2013

In re Michael Stotts
   Bankr. S.D. Fla. Case No. 13-29820
      Chapter 11 Petition filed August 21, 2013

In re Joel Torres
   Bankr. N.D. Ill. Case No. 13-33351
      Chapter 11 Petition filed August 21, 2013

In re Terrence Mootoo
   Bankr. N.D. Ill. Case No. 13-33371
      Chapter 11 Petition filed August 21, 2013

In re Gregory Hogan
   Bankr. D. Mass. Case No. 13-14969
      Chapter 11 Petition filed August 21, 2013

In re Benedito Enterprises, LLC
   Bankr. D. Mass. Case No. 13-14972
     Chapter 11 Petition filed August 21, 2013
         See http://bankrupt.com/misc/mab13-14972.pdf
         represented by: David G. Baker, Esq.
                         LAW OFFICE OF DAVID G. BAKER
                         E-mail: ecf@bostonbankruptcy.org

In re Robert Brumbaugh
   Bankr. N.D. Tex. Case No. 13-34252
      Chapter 11 Petition filed August 21, 2013

In re Wilson's Septic Tank & Portable Toilet Service, Inc.
   Bankr. W.D. Va. Case No. 13-61690
     Chapter 11 Petition filed August 21, 2013
         See http://bankrupt.com/misc/vawb13-61690.pdf
         represented by: Stephen E. Dunn, Esq.
                         STEPHEN E. DUNN, PLLC
                         E-mail: stephen@stephendunn-pllc.com

In re Raymond Connell
   Bankr. W.D. Wash. Case No. 13-17594
      Chapter 11 Petition filed August 21, 2013

In re Ronald Gaines
   Bankr. W.D. Ark. Case No. 13-72894
      Chapter 11 Petition filed August 22, 2013

In re Jim Alexander
   Bankr. E.D. Cal. Case No. 13-31040
      Chapter 11 Petition filed August 22, 2013

In re Andres Guzman
   Bankr. N.D. Cal. Case No. 13-44777
      Chapter 11 Petition filed August 22, 2013

In re Oli Steindorsson
   Bankr. S.D. Cal.  Case No. 13-8404
      Chapter 11 Petition filed August 22, 2013

In re Brent Parham
   Bankr. N.D. Ga. Case No. 13-68294
      Chapter 11 Petition filed August 22, 2013

In re Jinkyu Pak
   Bankr. N.D. Ill. Case No. 13-33495
      Chapter 11 Petition filed August 22, 2013

In re Meridian Psychiatric Hospital, Inc.
   Bankr. W.D. La. Case No. 13-31507
     Chapter 11 Petition filed August 22, 2013
         See http://bankrupt.com/misc/lawb13-31507.pdf
         represented by: Robert W. Raley, Esq.
                         E-mail: rraley52@bellsouth.net

In re Maurice Briscoe
   Bankr. D. Md. Case No. 13-24399
      Chapter 11 Petition filed August 22, 2013

In re Mario Maldonado-Salas
   Bankr. D. Nev. Case No. 13-17241
      Chapter 11 Petition filed August 22, 2013

In re Reynaldo Antonio
   Bankr. D. Nev. Case No. 13-17264
      Chapter 11 Petition filed August 22, 2013

In re H & S Towing Service, Inc.
   Bankr. M.D. Pa. Case No. 13-04332
     Chapter 11 Petition filed August 22, 2013
         See http://bankrupt.com/misc/pamb13-4332.pdf
         represented by: Lawrence G. Frank, Esq.
                         Thomas, Long, Niesen and Kennard
                         E-mail: lawrencegfrank@gmail.com

In re JoAnne Gibbs
   Bankr. E.D. Tenn. Case No. 13-33041
      Chapter 11 Petition filed August 22, 2013

In re LHMC, LLC
        dba Lake Havasu Mortuary
   Bankr. D. Ariz. Case No. 13-14685
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/azb13-14685.pdf
         represented by: Thomas H. Allen, Esq.
                         ALLEN, SALA & BAYNE, PLC
                         E-mail: tallen@asbazlaw.com

In re Kenneth Uranga
   Bankr. C.D. Cal. Case No. 13-17162
      Chapter 11 Petition filed August 23, 2013

In re Julio Shinzato
   Bankr. N.D. Cal. Case No. 13-31908
      Chapter 11 Petition filed August 23, 2013

In re JBW Properties, LLC
   Bankr. M.D. Fla. Case No. 13-05134
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/flmb13-05134.pdf
         represented by: Bryan K. Mickler, Esq.
                         LAW OFFICES OF MICKLER & MICKLER
                         E-mail: court@planlaw.com

In re Pedroni's Cast Stone, Inc.
   Bankr. M.D. Fla. Case No. 13-05151
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/flmb13-05151p.pdf
         See http://bankrupt.com/misc/flmb13-05151c.pdf
         represented by: William B. McDaniel, Esq.
                       BANKRUPTCY LAW FIRM OF LANSING J. ROY, P.A.
                         E-mail: court@jacksonvillebankruptcy.com

In re Stephen Clements
   Bankr. N.D. Ill. Case No. 13-33751
      Chapter 11 Petition filed August 23, 2013

In re Homeview Contractors, Inc.
   Bankr. D. Md. Case No. 13-24473
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/mdb13-24473.pdf
         represented by: Ronald J. Drescher, Esq.
                         DRESCHER & ASSOCIATES
                         E-mail: ecfdrescherlaw@gmail.com

In re Solomons One, LLC
   Bankr. D. Md. Case No. 13-24475
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/mdb13-24475p.pdf
         See http://bankrupt.com/misc/mdb13-24475c.pdf
         represented by: Susan Jaffe Roberts, Esq.
                         WHITEFORD, TAYLOR & PRESTON, LLP
                         E-mail: sroberts@wtplaw.com

In re Valladolid LLC
   Bankr. D. Nev. Case No. 13-17295
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/nvb13-17295.pdf
         Filed as Pro Se

In re Mark Nelson
   Bankr. D.N.J. Case No. 13-28499
      Chapter 11 Petition filed August 23, 2013

In re Southern Meadows, Inc.
   Bankr. W.D.N.C. Case No. 13-20124
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/ncwb13-20124.pdf
         represented by: D. Rodney Kight, Jr., Esq.
                         KIGHT LAW OFFICE, P.C.
                         E-mail: info@kightlaw.com

In re Ultimate Cuisine, Inc.
        dba Cappella's Pizzeria Ristorante
   Bankr. M.D. Pa. Case No. 13-04348
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/pamb13-04348.pdf
         represented by: Lawrence V. Young, Esq.
                         CGA LAW FIRM
                         E-mail: lyoung@cgalaw.com

In re JNLJ, Inc.
   Bankr. W.D. Pa. Case No. 13-23574
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/pawb13-23574p.pdf
         See http://bankrupt.com/misc/pawb13-23574c.pdf
        represented by: David Z. Valencik, Esq.
                         CALAIARO & CORBETT, P.C.
                         E-mail: dvalencik@calaiarocorbett.com

In re Daniel Querio
   Bankr. W.D. Pa. Case No. 13-23576
      Chapter 11 Petition filed August 23, 2013

In re Samuel Figueroa Martinez
   Bankr. D.P.R. Case No. 13-06862
      Chapter 11 Petition filed August 23, 2013

In re Ocoee River Whitewater Rafting, LLC
        dba Sunburst Adventures
   Bankr. E.D. Tenn. Case No. 13-14188
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/tneb13-14188p.pdf
         See http://bankrupt.com/misc/tneb13-14188c.pdf
         represented by: Thomas E. Ray, Esq.
                         SAMPLES, JENNINGS, RAY & CLEM
                         E-mail: tn10@ecfcbis.com

In re ODWWHQ, LLC
   Bankr. S.D. Tex. Case No. 13-35200
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/txsb13-35200.pdf
         represented by: C. Zan Pritchard, Esq.
                         LAW OFFICE OF C. ZAN PRITCHARD, PLLC
                         E-mail: zpritchard@zanpritchardlaw.com

In re Julie Therese Jaunich Trust Dated November 11, 2005
   Bankr. W.D. Wis. Case No. 13-14193
     Chapter 11 Petition filed August 23, 2013
         See http://bankrupt.com/misc/wiwb13-14193.pdf
         Filed as Pro Se

In re Bill Thornberry
   Bankr. D. Ariz. Case No. 13-14724
      Chapter 11 Petition filed August 25, 2013

In re James Gettles
   Bankr. S.D. Ohio Case No. 13-56750
      Chapter 11 Petition filed August 25, 2013

In re James H. Gettles, LLC
   Bankr. S.D. Ohio Case No. 13-56751
     Chapter 11 Petition filed August 25, 2013
         See http://bankrupt.com/misc/ohsb13-56751.pdf
         represented by: Mitchell W. Allen, Esq.
                         Allen Law Firm
                         E-mail: mitchell@allenlawco.com

In re Arthur Flagg
   Bankr. D. Ariz. Case No. 13-14800
      Chapter 11 Petition filed August 26, 2013

In re El Fuego, Inc.
   Bankr. D. Ariz. Case No. 13-14796
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/azb13-14796.pdf
         represented by: Charles R. Hyde, Esq.
                         Law Offices of C.R. Hyde
                         E-mail: crhyde@gmail.com

In re Alfonso Lujan
   Bankr. C.D. Cal. Case No. 13-15597
      Chapter 11 Petition filed August 26, 2013

In re Martin Lopez
   Bankr. C.D. Cal. Case No. 13-15593
      Chapter 11 Petition filed August 26, 2013

In re Ronald Goldin
   Bankr. N.D. Cal. Case No. 13-11635
      Chapter 11 Petition filed August 26, 2013

In re The D W T Company, L.C.
   Bankr. M.D. Fla. Case No. 13-10603
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/flmb13-10603.pdf
         represented by: Kenneth D. Herron, Jr., Esq.
                         E-mail: kherron@whmh.com

In re Neal Stubbs
   Bankr. M.D. Fla. Case No. 13-11303
      Chapter 11 Petition filed August 26, 2013

In re Amos Perdue
   Bankr. N.D. Ill. Case No. 13-33868
      Chapter 11 Petition filed August 26, 2013

In re Ricobene's on 159th, Inc.
   Bankr. N.D. Ill. Case No. 13-33959
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/ilnb13-33959p.pdf
         See http://bankrupt.com/misc/ilnb13-33959c.pdf
         represented by: Brett M. Scheive, Esq.
                         Law Offices of Brett Scheive
                         E-mail: bscheive@scheivelaw.com

In re Raphael Development Corp
        dba JC Auto Sales of NY, Inc.
          dba A. W. Auto Parts Inc.
   Bankr. E.D.N.Y. Case No. 13-74427
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/nyeb13-74427.pdf
         Filed pro se

In re TNT Transportation, Inc.
   Bankr. E.D.N.Y. Case No. 13-45240
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/nyeb13-45240.pdf
         represented by: Daniel C. Marotta, Esq.
                         Gabor & Marotta LLC
                         E-mail: dan@gabormarottalaw.com

In re Grieve Corp.
   Bankr. M.D. Pa. Case No. 13-04378
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/pamb13-4378.pdf
         represented by: John J. Martin, Esq.
                         Law Offices John J. Martin
                         E-mail: jmartin@martin-law.net

In re Epitome Holdings, LLC
   Bankr. N.D. Tex. Case No. 13-04378
     Chapter 11 Petition filed August 26, 2013
         See http://bankrupt.com/misc/txnb13-50230.pdf
         represented by: Clinton W. Cook, Esq.
                         Law Office of Clinton W. Cook
                         E-mail: clintonwcook@nts-online.net



                            *********

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

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

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

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

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

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

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

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

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., 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.


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