TCR_Public/130904.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

          Wednesday, September 4, 2013, Vol. 17, No. 245


                            Headlines

1250 OCEANSIDE: Court Authorizes Tax Return Preparers Employment
1250 OCEANSIDE: Amends Schedules of Assets and Liabilities
AGFEED INDUSTRIES: Stalking Horse Outbid at Hog Farms Auction
AGFEED INDUSTRIES: Hires Latham & Watkins as Special Counsel
AGFEED INDUSTRIES: May Hire Foley & Lardner as Special Counsel

AGFEED INDUSTRIES: Committee Retains Lowenstein Sandler as Counsel
AGFEED INDUSTRIES: Committee Taps Greenberg Traurig as Co-counsel
AMERICAN AIRLINES: Airlines, DOJ Told to Confer on Mediator
AMERICAN AIRLINES: Brazil Fines Airline Over Cartel Claims
AMERICAN AIRLINES: Retiree Wants Sanctions vs. AMR Lawyers

AMERICAN AIRLINES: To Pay $481,000 to ZS Associates
ANACOR PHARMACEUTICALS: Plans to Sell $50MM Worth of Securities
ANCHOR BANCORP: Wins Prepackaged Plan Approval
ANV SECURITY: Incurs $403K Net Loss in Second Quarter
ARI-RC 6 LLC: Has No Right to Property Rents, U.S. Bank Asserts

ARI-RC 6: Hearing on 2 U.S. Bank Motions Postponed to Nov. 6
ARI-RC 6: Wants to Hire Levene Neal as Bankr. Counsel
ARI-RC 6: Files Schedules of Assets and Liabilities
ARMORWORKS ENTERPRISES: Can Make Intercompany Loan to AW Canada
AS SEEN ON TV: CEO Provides Update on Company's Progress

ASTOR & BLACK: Files for Chapter 7 Liquidation
ATLS ACQUISITION: LMS Seeks Extension of Lease Decision Deadline
BERNARD L. MADOFF: Picard Revises Suit Against Merkin
BUILDERS FIRSTSOURCE: R. Robotti Held 4% Equity Stake at Aug. 20
CAPITOL BANCORP: Director David O'Leary Resigns

CCO LAND: Updated Case Summary & Creditors' Lists
CEL-SCI CORP: NYSE MKT Accepts Listing Compliance Plan
CENTRAL ENERGY: Inks LOI to Sell Membership Interests
CHINA TELETECH: Incurs $725,800 Net Loss in Second Quarter
CIRTRAN CORP: Offering 211.8 Million Shares Under 2013 Plan

COLDWATER PORTFOLIO: Plan Effective Date Occurred on August 21
COMMUNITY MEMORIAL: Committee Confirms Amended Liquidation Plan
CONQUEST SANTA FE: Can Access Cash Collateral Until Oct. 31
COOPER-BOOTH WHOLESALE: Dec. 18 Hearing on Use of Cash Collateral
CORBIN PARK: U.S. Trustee Wants Case Converted or Dismissed

COSTA BONITA: Has Until Oct. 25 to File Amended Plan
DAMES POINT: Creditor's Plan to Halt Marina Operations
DANCE NEW AMSTERDAM: Seeks Help Keeping Doors Open
DEL PUEBLO: Gets More Time to File Plan Thru Sept. 9
DETROIT, MI: Union Asks Judge to Allow Questioning of Governor

DIOCESE OF GALLUP, NM: To File Chapter 11 Amid Clergy Abuse Claims
DONNER METALS: Forfeits Interest in Bracemac-McLeod After Default
DRYSHIPS INC: Amends Ocean Rig Senior Secured Facility Agreement
EASTMAN KODAK: Completes Final Steps in Chapter 11 Restructuring
EASTMAN KODAK: Seeks Court Approval to Reject EBP Contracts

EASTMAN KODAK: Court Approves Cancellation of Outstanding Stock
ELEPHANT TALK: Amends Report on Issuance of 1-Mil. Warrants
ELBIT IMAGING: Annual Shareholders Meeting Set on Sept. 30
ELITE PHARMACEUTICALS: Inks Master Services Pact with Camargo
ENNIS COMMERCIAL: Plan Administrator Hires Katten Muchin

ESP RESOURCES: Amends Second Quarter Form 10-Q
FAIRMONT GENERAL: Files for Chapter 11 in West Virginia
FLETCHER INTERNATIONAL: Trustee Revises Goldin Compensation
FOURTH QUARTER PROPERTIES: Seeks Plan Exclusivity Until Oct. 16
FREESEAS INC: Issues 1.3-Mil. Add'l Settlement Shares to Hanover

FURNITURE BRANDS: To Voluntarily Delist Common Stock From NYSE
GORDON PROPERTIES: Stites & Harbison Wants Ch.7 Case Conversion
GORDON PROPERTIES: Sept. 20 Hearing on First Owners Settlement
GRAND CENTREVILLE: Obtains Approval to Use Cash Collateral
GROWTHWORKS CANADIAN: Roseway Waives Security Agreement Default

HASSEN IMPORTS: Auction of Dormant Properties on Sept. 11
HIGH MAINTENANCE: Neligan Foley to Replace Cox and Smith
HIGH MAINTENANCE: Hiring Wilkinson Barker on FCC Matters
HIGH MAINTENANCE: Files Schedules of Assets and Liabilities
HOTEL OUTSOURCE: Incurs $457,000 Net Loss in Second Quarter

HOYT TRANSPORTATION: Gets Court Approval to Sell Buses
IGPS COMPANY: Files Ch. 11 Liquidating Plan
IGPS COMPANY: Seeks Extension of Lease Decision Deadline
ISAACSON STEEL: Case Conversion Hearing Moved to Sept. 19
INSPIREMD INC: Completes First Phase of Manufacturing Upgrade

INTERNATIONAL HOME: Court Dismisses Chapter 11 Case
J AND Y INVESTMENT: Plan Confirmation Denied, Stay Relief OK'd
JHK INVESTMENTS: Can Access Bay City Cash Collateral 'til Sept. 30
LANDAUER HEALTHCARE: Sec. 341 Creditors' Meeting Set for Sept. 23
LANDAUER HEALTHCARE: Trustee Appoints 5-Member Creditors Panel

LAUSELL INC: Confirmation Hearing Rescheduled for Sept. 30
LEHMAN BROTHERS: Belik Seeks Stay Relief to Pursue Insurance
LEHMAN BROTHERS: Eichorn Allowed to Pursue Oklahoma Suit
LEHMAN BROTHERS: Trustee Wins Nod to Settle Lloyds Claim
LIFE CARE: Florida Regulator Objects to Use of Cash Collateral

LIFE CARE: Committee Wants to Limit Use of Cash Collateral
LIFE CARE: Can Employ Continuum Development as Consultant
LIFE CARE: Has Green Light to Hire Hamlyn as Marketing Consultant
LIFE UNIFORM: Littler Mendelson Approved as Special ERISA Counsel
LIFE UNIFORM: Creditors Have Until Oct. 4 to File Proofs of Claim

LIFECARE HOLDINGS: Defends Gifts to Some Creditors
LIGHTSQUARED INC: Harbinger Files Chapter 11 Reorganization Plan
LIME ENERGY: Fails to Meet $2.5MM Min. Stockholders' Equity
LONGVIEW POWER: Kvaerner Says Exposure to Bankruptcy Unclear
MACROSOLVE INC: Posts $12,600 Net Income in Second Quarter
MANAGEMENT SOLUTIONS: Judges Approves Receiver's Liquidation Plan

MAXCOM TELECOM: Banco Invex, et al., Submit Purchase Proposal
MMRGLOBAL INC: Amends Charter to Hike Authorized Shares to 1.2BB
MONARCH COMMUNITY: Shareholders Elect Three Directors
MONTREAL MAINE: Expedited Request Made for Committee
MONTREAL MAINE: U.S. Court Asked to Handle Victims' Compensation

MW GROUP: Hearing on Collateral Valuation Continued to Oct. 2
MW GROUP: Disclosure Statements Hearing Moved to October 16
NEXTIO INC: Shuts Doors After 10 Years, Set to File for Chapter 7
NNN 3500 MAPLE 26: 18-Story Dallas Tower Owner Files Again
NNN CYPRESSWOOD: Wants Exclusive Periods Extended Until Oct. 27

NORTHERN BEEF: Committee Taps P. Dougherty as Local Counsel
ORCHARD SUPPLY: Lowe's Finishes Purchase of 72 Stores
OVERSEAS SHIPHOLDING: Delayed 2012 Form 10-K Shows $480.1MM Loss
OXIGENE INC: Incurs $1.6-Mil. Net Loss in Second Quarter
PATRIOT COAL: Wants Documents From Peabody More Quickly

PETRON ENERGY: Incurs $1.3 Million Net Loss in Second Quarter
POINT CENTER: Ch. 11 Trustee Taps Landau Gottfried as Counsel
RG STEEL: Seeks 90-Day Extension to Access, Sell Mill Steel
PLY GEM HOLDINGS: Amends Prospectus in Response to Comments
REALOGY GROUP: Former McDonald's Executive Named to Board

ROBERTS LAND: Files Amended Plan; Evidentiary Hearing on Dec. 5
ROTECH HEALTHCARE: Exclusive Period Extension Approved
RURAL/METRO: Court Sets Claims Bar Dates
RURAL/METRO: Wins Approval to Pay $6-Mil. to Critical Vendors
RURAL/METRO: Wins Approval to Hire FTI as Special Accountant

SEVEN COUNTIES: Has Until Oct. 2014 to File Reorganization Plan
SMOKEY MOUNTAIN: Involuntary Chapter 11 Case Summary
STONE ROSE: Sergi Investors Seek Appointment of Ch. 11 Trustee
TECHDYNE LLC: Hearing on Deal with HIOX Set for Sept. 10
TRINITY COAL: Disclosure Statement Hearing on Sept. 19

TRINITY COAL: Can Pay Up to $750,000 to Retain Non-Insider Workers
UNITEK GLOBAL: Gets Nasdaq Notification Over Late 10-Q Filing
TRIUS THERAPEUTICS: N. Kjellson Had 7.5% Equity Stake at July 30
VERMILLION INC: Cancels Strategic Alliance Pact with Quest
VISION INDUSTRIES: Amends Second Quarter Form 10-Q

WEST COVINA MOTORS: Auction of Dormant Properties on Sept. 11
WIZARD WORLD: Holders Convert A Shares Into 9.5MM Common Shares
WORLD IMPORTS: Meeting to Form Creditors' Panel on Sept. 20
WOUND MANAGEMENT: Malone Bailey Replaces PSH as Accountants
WPCS INTERNATIONAL: Drew Ciccarelli Buys 121,015 Shares

* Circuits No Longer Split on Chapter 13 Plan-Duration
* Government's ERISA Suit Immune From Automatic Stay
* SAC Capital Civil Suit Should Be Delayed, U.S. Asks Judge

* Homebuyers Tapping Brakes as Rates Rise
* U.S. Outlines Penalties for Swiss Banks in Tax Probe
* Leveraged Loan Volume Drops to 2-Year Low in August

* Cleveland Water's Steven M. Notinger Named "Lawyer of the Year"
* John Bae Joins Mintz Levin's New York Bankruptcy Practice

* NJ Yet to Recover From Effects of Big-Box Retail Bankruptcies

* Upcoming Meetings, Conferences and Seminars

                            *********

1250 OCEANSIDE: Court Authorizes Tax Return Preparers Employment
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Hawaii authorized
1250 Oceanside Partners, Front Nine LLC, and Pacific Star Company,
LLC, to employ McGladrey, LLP, and TFO Phoenix, Inc., as tax
return preparers.

McGladrey will prepare the tax return for 1250 Oceanside, while
TFO Phoenix will prepare the tax returns for Front Nine and
Pacific Star.

The hourly rates for McGladrey's professionals range from $165 for
staff to $580 for a partner.  McGladrey estimates that the fees
for preparing the returns will be $20,000.

TFO proposes to charge $3,500 for the 2012 federal and state
returns for the two Debtors.  If additional services are needed,
TFO's hourly rates are $220 for tax compliance services and $360
for consulting services.

                  About 1250 Oceanside Partners

1250 Oceanside Partners, Front Nine LLC, and Pacific Star
Company LLC, owners of the 1,800-acre Hokuli'a luxury real
estate development near Kona on the island of Hawaii, sought
Chapter 11 protection (Bankr. D. Hawaii Lead Case No. 13-00353)
on March 6, 2013, in Honolulu.

The Debtors were formed by developer Lyle Anderson and were
part of his development "empire", which included developments
in Hawaii, Arizona, New Mexico and Scotland.  The secured
lender, Bank of Scotland, declared a default and obtained
control of the Debtors in January 2008.

Development of the property, which has 3.5 miles of waterfront
on the Kona coast, stopped after the developers were declared
in default under the loan.  Oceanside and Front Nine own most
of the land within the Hokuli'a project, which is the principal
development.  Pacific Star owns the land referred to as
"Keopuka", near Hokuli'a.  The Hokuli'a was to have 730
residential units, an 18-hole golf course, club and other
amenities.

The Debtors say their assets are worth $68.1 million while they
are jointly liable to $625 million of debt to Sun Kona Finance
LLC, which acquired the Hawaii loan from Bank of Scotland.

Simon Klevansky, Esq., Alika L. Piper, Esq., and Nicole D.
Stucki, Esq., at Klevansky Piper, LLP, represent the Debtor in
its restructuring effort.  They replace the law firm of Gelber,
Gelber & Ingersoll as general counsel.

A creditors committee has not been appointed.

James A. Wagner, Esq., at Wagner Choi & Verbrugge, represents
Sun Kona Finance I, LLC and Sun Kona Finance II, LLC, as
counsel.


1250 OCEANSIDE: Amends Schedules of Assets and Liabilities
----------------------------------------------------------
1250 Oceanside Partners filed with the U.S. Bankruptcy Court for
the District of Hawaii amended schedules of assets and liabilities
disclosing the following:

                                          Assets     Liabilities
                                       -----------   ------------
A. Real Property                       $30,415,928
B. Personal Property                    14,165,855
C. Property Claimed as Exempt                  N/A
D. Creditors Holding Secured Claims                  $726,081,253
E. Creditors Holding Unsecured
   Priority Claims                                              0
F. Creditors Holding Unsecured
   Nonpriority Claims                                  22,482,324
                                       -----------   ------------
Total                                  $44,581,783   $748,563,577

Full-text copies of the Amended Schedules, dated Aug. 21, 2013,
are available at http://bankrupt.com/misc/1250OCEANSIDEsal0821.pdf

                  About 1250 Oceanside Partners

1250 Oceanside Partners, Front Nine LLC, and Pacific Star
Company LLC, owners of the 1,800-acre Hokuli'a luxury real
estate development near Kona on the island of Hawaii, sought
Chapter 11 protection (Bankr. D. Hawaii Lead Case No. 13-00353)
on March 6, 2013, in Honolulu.

The Debtors were formed by developer Lyle Anderson and were
part of his development "empire", which included developments
in Hawaii, Arizona, New Mexico and Scotland.  The secured
lender, Bank of Scotland, declared a default and obtained
control of the Debtors in January 2008.

Development of the property, which has 3.5 miles of waterfront
on the Kona coast, stopped after the developers were declared
in default under the loan.  Oceanside and Front Nine own most
of the land within the Hokuli'a project, which is the principal
development.  Pacific Star owns the land referred to as
"Keopuka", near Hokuli'a.  The Hokuli'a was to have 730
residential units, an 18-hole golf course, club and other
amenities.

The Debtors say their assets are worth $68.1 million while they
are jointly liable to $625 million of debt to Sun Kona Finance
LLC, which acquired the Hawaii loan from Bank of Scotland.

Simon Klevansky, Esq., Alika L. Piper, Esq., and Nicole D.
Stucki, Esq., at Klevansky Piper, LLP, represent the Debtor in
its restructuring effort.  They replace the law firm of Gelber,
Gelber & Ingersoll as general counsel.

A creditors committee has not been appointed.

James A. Wagner, Esq., at Wagner Choi & Verbrugge, represents
Sun Kona Finance I, LLC and Sun Kona Finance II, LLC, as
counsel.


AGFEED INDUSTRIES: Stalking Horse Outbid at Hog Farms Auction
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that AgFeed Industries Inc. held an auction on Aug. 26
resulting in a sale to three purchasers under a contract valued at
$79.2 million.  The bankruptcy court in Delaware approved the sale
on Aug. 29.

According to the report, the cash component of the approved sale
is $53.2 million.  The opening bid of $79 million was made at
auction by pork producer Maschhoffs LLC.  The winners of the
auction were High Plains Pork LLC, Cohoma Pork LLC, and Murphy-
Brown LLC.

The report notes that the sale doesn't include sow farms in
Oklahoma, which are to be sold separately after a buyer is
located.

                     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.


AGFEED INDUSTRIES: Hires Latham & Watkins as Special Counsel
------------------------------------------------------------
AgFeed Industries, Inc. et al., ask the U.S. Bankruptcy Court for
permission to employ Latham & Watkins LLP as special counsel.

The status of and services expected to be provided by Latham are:

   a. In connection with the Securities Class Action, prior to the
      Petition Date, L&W had filed motions to dismiss on behalf
      the Debtor and the U.S. individual defendants.  A mediation
      session had also been scheduled with the plaintiffs and
      AgFeed's insurance carrier to attempt to resolve the
      dispute.  However, based upon certain deposition testimony,
      the plaintiffs have sought leave to amend their complaint to
      add new allegations and three defendants.  As a result, the
      mediation was cancelled. If and when the court presiding
      over the Securities Class Action accepts the amended
      complaint, L&W will negotiate a schedule to move to dismiss
      the complaint on behalf of the US individual defendants and
      the new defendants.  The briefing for the new motion to
      dismiss can be expected to last approximately five months.
      Due to the Debtor's bankruptcy, L&W's services on this
      matter on behalf of the individuals defendants will be paid
      for by Side-A of the AIG D&O insurance policy without the
      requirement of a retention funded by the Debtor.

   b. In connection with the SEC Investigation, since
      approximately January 2012, L&W has represented the Debtor
      and certain current or former officers, directors and
      employees in the SEC Investigation. Document production to
      the SEC is largely complete, L&W does not anticipate any
      additional investigative testimony and the Debtor has, for
      now, satisfied most of the requests for information of the
      SEC.  Accordingly, L&W anticipates that its representation
      of the Debtor in the SEC Investigation going forward will
      relate primarily to (i) responding to discrete requests for
      information from the SEC and (ii) negotiating an appropriate
      resolution with the SEC if the SEC decides to charge the
      Debtor.  During the course of the SEC Investigation, L&W
      also represented a total of 20 current or former officers,
      directors or employees of the Debtor in investigative
      testimony or interviews in the SEC Investigation.

   c. If the SEC staff were to reach a preliminary determination
      to recommend charges against any of those individuals (known
      as a "Wells Call"), each of those individuals would be
      entitled to make a written presentation to the SEC staff
      (known as a "Wells Submission"), as well as meet with the
      staff to attempt to persuade the SEC not to file charges.
      If the SEC staff does make a Wells Call to a current or
      former officer or director, the Debtor and L&W will assess
      at that point L&W's continued representation of such
      individuals and whether the Debtor will advance the legal
      fees necessary to prepare a Wells Submission or otherwise
      resolve the matter.

   d. If the Debtor's current or former officers or directors are
      charged by the SEC in a complaint filed in federal court or
      in an Order Instituting Proceedings commencing an
      administrative proceeding, the costs of legal services
      incurred subsequent thereto will be paid by Side-A of the
      AIG D&O insurance policy without the requirement of a
      retention funded by the Debtor.  The costs of legal services
      incurred prior to any charge brought by the SEC, however,
      are not specifically covered by Side-A of the AIG D&O
      insurance policy.

L&W is owed as of the Petition Date, $6,448,417.29 by the Debtor
for prepetition services performed.

In connection with its potential retention in the Chapter 11 Case,
L&W conducted an investigation to ascertain conflicts and
connections with the Debtor's creditors and equity security
holders.  As a result of the Conflicts Investigation, L&W has
determined that it does not hold or represent any interest adverse
to the Debtor or its estate with respect to the Representative
Matters.  In the event that any conflicts arise on the matters for
which L&W is to be retained, either L&W will obtain appropriate
waivers or the Debtor will engage special conflicts counsel.

Except for a compensation arrangement for and among the partners
at L&W, L&W has not shared or agreed to share any of its
compensation in connection with this matter with any other person
or entity.

The firm's rates are:

    Billing Category                 Range of Hourly Rates
    ----------------                 ---------------------
    Partners                              $830-$1200
    Senior Counsel                        $820-$1020
    Associate                             $395-$825
    Paralegal & Analyst                   $170-$615
    Project Assistant                     $190-245

A hearing on the motion is set for September 16, 2013, at 1:00
p.m. before the Honorable Brendan L. Shannon in the United States
Bankruptcy Court for the District of Delaware, 824 N. Market
Street, 6th floor, Courtroom #1, Wilmington, Delaware 19801.

Proposed Counsel to the Debtors can be reached at:

         Robert S. Brady, Esq.
         Donald J. Bowman, Jr., Esq.
         Robert F. Poppiti, Jr., Esq.
         Ian J. Bambrick, Esq.
         1000 N. King Street
         Rodney Square
         Wilmington, DE 19801
         Telephone: (302) 571-6600
         Fax: (302) 571-1253

                      About AgFeed Industries

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.


AGFEED INDUSTRIES: May Hire Foley & Lardner as Special Counsel
--------------------------------------------------------------
AgFeed USA, LLC, et al., was authorized by the U.S. Bankruptcy
Court for the District of Delaware to employ Foley & Lardner LLP
as special counsel to, among other things, advise the Debtors with
respect to the proposed sale of all or substantially all of the
Debtors' assets.

The U.S. Trustee's objection to the proposed employment was
resolved prior to the Court's ruling.

The Court held that with respect to these special matters:

* the non-bankruptcy aspects of the proposed sale of all or
substantially all of the assets of AgFeed USA and its Debtor
subsidiaries pursuant to the APA, including services relating to
the documentation of the sale transaction, and closing of the
sale;

* the non-bankruptcy aspects of the possible sale of certain
Oklahoma-based assets (excluded from the APA) of AgFeed USA and
its Debtor subsidiaries, including services relating to the
documentation of the sale transaction;

* the non-bankruptcy aspects of possible sale of certain China-
based assets of AgFeed industries, Inc. or its subsidiaries,
including services relating to the documentation of the sale
transaction;

the Debtors' general bankruptcy counsel, Young Conaway Stargatt &
Taylor, LLP as opposed to Foley, will advise the Debtor and their
boards of directors on bidding procedures issues such as bidders'
qualification and whether a particular bid is higher or better,
whereas, Foley, as the Debtors' special counsel, will advise the
Debtors or their boards of directors with respect to the meaning,
potential interpretation and intent of proposed language changes
of the documentation submitted by potential and qualified bidders.

These mater are outside the scope of Foley's retention:

* negotiation of confirmation of any plans of reorganization or
disclosure statements;

* case administration;

* avoidance actions under Sections 544, 547, 548 and 550 of the
Bankruptcy Code;

* objections to claims, except to the extent that the object
arises in the context of litigation authorized as a Special
Matter.

                     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.


AGFEED INDUSTRIES: Committee Retains Lowenstein Sandler as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the bankruptcy
cases of AgFeed Industries, Inc. et al., asks the U.S. Bankruptcy
Court to retain Lowenstein Sandler as counsel.

The firm's rates are:

     Professional                         Rates
     ------------                         -----
     Partners                           $500-$985
     Senior Counsel and Counsel         $385-$685
     Associates                         $275-$480
     Paralegal and Assistants           $160-$270

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

                      About AgFeed Industries

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.


AGFEED INDUSTRIES: Committee Taps Greenberg Traurig as Co-counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 cases of AgFeed USA, LLC and its affiliated debtors
seeks court authority to retain Greenberg Traurig, LLP as
co-counsel to the Committee, nunc pro tunc to July 23, 2013.

The principal attorneys and paralegals proposed to represent the
Committee will be paid based on these hourly rates:

  Professional            Rate
  ------------            ----
  Paul T. Fox             $780
  Matthew T. Gensburg      850
  Nancy A. Peterman        850
  Sandra G. M. Selzer      585
  Elizabeth Thomas         260
  Carla Greenberg          150

Other attorneys and paralegals will render service to the
Committee as needed and will be paid based on these hourly rates:

  Professional            Rate
  ------------            ----
  Shareholders            $335 to $1,145
  Of Counsel              $325 to $1,050
  Associates              $300 to $725
  Paralegals              $95 to $335

Nancy A. Peterman, a shareholder at Greenberg Traurig, assures the
Court that the firm does not hold or represent any interest
adverse to the Debtors or their Chapter 11 estates, their
creditors, or any other party-in-interest, and is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Ms. Peterman, however, discloses that prior to the formation of
the Committee, Greenberg Traurig represented Milton P. Webster,
III, a former director of AgFeed Industries, Inc., one of the
Debtors, in connection with the Securities and Exchange
Commission's investigation of the Debtors and in connections with
a pending securities class action case pending against certain
officers and directors. Greenberg Traurig only represented Mr.
Webster in these matters, and has since terminated this
representation, Ms. Peterman says.  Greenberg Traurig did
represent Mr. Webster at a deposition on July 30, 2013, but will
no longer represent him in matters relating to the Debtors or
these cases, other than in connection with Mr. Webster's role as a
member of the Committee, she adds.  Greenberg Traurig was paid a
total of $75,000 for legal fees and expenses incurred in
connection with its representation of Mr. Webster, $50,000 of
which was paid by the the Debtors on October 23, 2012 and $25,000
of which was paid by one of the Debtors' insurance carriers, AIG,
on July 5, 2013.

Morever, Greenberg Traurig represented, in the past, various
investors who acquired equity securities in the AgFeed Industries,
Inc. via private investment in public equity transactions.  These
representations are no longer active and concluded two years ago,
notes Ms. Peterman.

Proposed counsel to the Committee are:

   Sandra G. M. Selzer, Esq.
   GREENBERG TRAURIG, LLP
   The Nemours Building
   1007 North Orange Street, Suite 1200
   Wilmington, DE 19801
   Telephone: (302) 661-7000
   Facsimile: (302) 661-7360
   E-mail: selzers@gtlaw.com

        - and -

   Nancy A. Peterman, Esq.
   Matthew T. Gensburg, Esq.
   Paul T. Fox, Esq.
   GREENBERG TRAURIG, LLP
   77 West Wacker Drive, Suite 3100
   Chicago, IL 60601
   Telephone: (312) 476-5027
   Facsimile: (312) 456-8435
   E-mail: petermann@gtlaw.com
           gensburgm@gtlaw.com
           foxp@gtlaw.com

                     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.  Foley & Lardner LLP
serve as their special counsel. The Debtors' claims and noticing
agent is BMC Group, Inc.


AMERICAN AIRLINES: Airlines, DOJ Told to Confer on Mediator
-----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that AMR Corp. bested the U.S. Justice Department and
persuaded the federal district judge to commence trial Nov. 25 on
the government's antitrust suit to bar the merger of American
Airlines Inc. and US Airways Group Inc.  It will begin about two
weeks later than the airline wanted.  The government didn't want
the trial until March.

According to the report, U.S. District Judge Colleen Kollar-
Kotelly in Washington told the contending parties to submit a
status report on Sept. 30, followed by another conference on
Oct. 1.  Although the judge didn't compel settlement talks, she
told them to "confer" about a mediator "for use at the parties'
discretion."

                      About American Airlines

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

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

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

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

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

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

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


AMERICAN AIRLINES: Brazil Fines Airline Over Cartel Claims
----------------------------------------------------------
Samantha Pearson, writing for Financial Times, reported that
Brazil's antitrust regulator has slapped a fine against American
Airlines Inc. over an alleged air cargo cartel in the country.

Cade said late on Aug. 28 that it would fine American Airlines,
three other companies and seven individuals, a total of just over
R$293 million (US$125 million) over the alleged cartel, which it
said operated between 2003 and 2005.

The fines relate to allegations that the four companies fixed the
price and date of fuel surcharges on international freight
services.

"The price cartel generated abusive prices that were passed on to
consumers and to the supply chain," the news agency quoted
Vinicius Marques de Carvalho, the head of Cade, as saying.

"We are talking about air cargo. This practice clearly had an
impact on the country's logistics costs," he said.

                      About American Airlines

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

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

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

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

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

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

The U.S. U.S. Department of Justice, however, has launched an
antitrust challenge to the proposed merger.

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


AMERICAN AIRLINES: Retiree Wants Sanctions vs. AMR Lawyers
----------------------------------------------------------
A retired worker asked the U.S. Bankruptcy Court in Manhattan to
impose sanctions against the attorneys of AMR Corp. for their
"failure to cite controlling authority" with regards to employees
who pre-funded their retiree health care benefits.

In July 2012, AMR filed a case against the committee representing
retired workers, seeking a declaratory judgment that their health
care benefits are unvested benefits which the company can modify
unilaterally.  The following month, AMR filed a motion seeking
summary judgment that the health care benefits are unvested
benefits because the governing plan reserved the company's rights
to modify them, and that it did not contain a promise of lifetime
benefits.

Patricia Young, a former American Airlines flight attendant, said
that prior to her retirement in October 2003, American Airlines
had a retiree standard medical plan that provided a retired
flight attendant with $50,000 total lifetime medical expenses.

A plan option allowed flight attendants to pre-fund retiree
medical benefits that would pay an additional $50,000 when the
benefits were exhausted, Ms. Young said in court filings.

Ms. Young said that while AMR can void its pre-funded retiree
health care benefits in the lawsuit by paying participants the
money that they and the company pre-paid, the company "has failed
to cite controlling authority for doing so."  She also said that
AMR is not entitled to summary judgment on the basis that the
retiree health care benefits are unvested or do not provide
lifetime benefits for flight attendants who have retired.

"The court should sanction the AMR attorneys for failure to cite
controlling authority and require AMR to cite controlling
authority in support of its actions in voiding pre-paid health
care benefits," Ms. Young said in court papers.

                      About American Airlines

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

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

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

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

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

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

The U.S. U.S. Department of Justice, however, has launched an
antitrust challenge to the proposed merger.

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


AMERICAN AIRLINES: To Pay $481,000 to ZS Associates
---------------------------------------------------
ZS Associates, Inc. said it reached an agreement with American
Airlines Inc. to settle its objection to the carrier's proposal
to pay the firm only half the amount that it actually owes under
their consulting services agreement.

Under the deal, American Airlines agreed to pay $481,647 in
exchange for the withdrawal of the objection, ZS Associates said
in a court filing.

American Airlines has filed with the U.S. Bankruptcy Court in
Manhattan a list of contracts it will assume as part of its
proposed plan to get out of bankruptcy protection.  The consulting
services agreement was included in the list in which the carrier
proposed to pay the firm only $219,383 to cure any default under
the contract.

                      About American Airlines

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

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

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

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

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

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

The U.S. U.S. Department of Justice, however, has launched an
antitrust challenge to the proposed merger.

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


ANACOR PHARMACEUTICALS: Plans to Sell $50MM Worth of Securities
---------------------------------------------------------------
Anacor Pharmaceuticals, Inc., intends to sell up to $50,000,000 of
any combination of the Company's common stock, preferred stock,
debt securities or warrants.

Securities may be sold by the Company to or through underwriters
or dealers, directly to purchasers or through agents designated
from time to time.

The Company's common stock is listed on the NASDAQ Global Market
under the symbol "ANAC."  On Aug. 23, 2013, the last reported sale
price of the Company's common stock on the NASDAQ Global Market
was $10.65 per share.

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

                        http://is.gd/fguCpC

                           About Anacor

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds-
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

The Company's balance sheet at March 31, 2013, showed
$37.4 million in total assets, $45.4 million in total liabilities,
and a stockholders' deficit of $8 million.

"Since inception, the Company has generated an accumulated deficit
as of March 31, 2013, of approximately $230.3 million, and will
require substantial additional capital to fund research and
development activities, including clinical trials for its
development programs and preclinical activities for its product
candidates."

As reported in the TCR on March 2, 2013, Ernst & Young LLP, in
Redwood City, California, expressed substantial doubt about
Anacor's ability to continue as a going concern, citing the
Company's recurring losses from operations and its need for
additional capital.


ANCHOR BANCORP: Wins Prepackaged Plan Approval
----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Anchor BanCorp Wisconsin Inc. won court approval
of its prepackaged reorganization plan 18 days after filing a
Chapter 11 petition.

The bank holding company filed a Chapter 11 petition on Aug. 12 in
its Madison, Wisconsin hometown because one of three secured bank
lenders wouldn't go along with an out-of-court recapitalization.
The judge could approve the plan by signing a confirmation order
on Aug. 30 because the requisite percentages of creditors voted in
favor of the plan before bankruptcy.

The bank received assistance from the government under the
Troubled Asset Relief Program, in return giving $139 million in
preferred stock to the U.S. Treasury.  The Treasury voted in favor
of the Chapter 11 plan giving the government 3.3 percent of the
reorganized holding company's new common stock in exchange for the
preferred stock.

The plan gives new investors 96.7 percent of the new common stock
in return for a $175 million equity contribution.  Secured bank
lenders owed $183 million receive $49 million cash under the
Chapter 11 plan.  Lenders Bank of America NA and US Bank NA voted
in favor of the plan while Associated Bank NA voted against.
Common stock is extinguished.

                      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.


ANV SECURITY: Incurs $403K Net Loss in Second Quarter
-----------------------------------------------------
ANV Security Group, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $402,655 on continuing operations revenues
of $21,061 for the three months ended June 30, 2013, compared with
a net loss of $5.8 million on continuing operations revenues of
$286 for the same period last year.

The Company reported a net loss of $551,614 on continuing
operations revenues of $200,936 for the six months ended
June 30, 2013, compared with a net loss of $6.9 million on
continuing operations revenues of $286 for the corresponding
period of 2012.

"Income from discontinued operations was $nil for six months ended
June 30, 2013, compared to ($6,319,145) for the same period in
2012.  There is no income (loss) in this year due to all the
discontinued operations have been disposed last year."

The Company's balance sheet at June 30, 2013, showed $2.2 million
in total assets, $102,249 in total liabilities, and stockholders'
equity of $2.1 million.

"The Company has incurred $15.6 million losses since inception.
Further, as of June 30, 2013, the cash resources of the Company
were insufficient to meet its current business plan.  These and
other factors raise substantial doubt about the Company's ability
to continue as a going concern."

A copy of the Form 10-Q is available at http://is.gd/snuy1E

Shenzhen, China-based ANV Security Group, Inc., and its
subsidiaries are specialized in providing alarm service through an
internet based video service platform.  This platform performs
instant notification to the owner via SMS, e-mail, telephone or
cellular phone when an alarm is triggered worldwide in any time
zone and captures the event images in user accessible video
surveillance servers.


ARI-RC 6 LLC: Has No Right to Property Rents, U.S. Bank Asserts
---------------------------------------------------------------
U.S. Bank, National Association, opposes approval of ARI-RC 6,
LLC, et al.'s motion for cash collateral use.

U.S. Bank argues that the Debtors have no right to any of the
rents from a property in Thousand Oaks, California, to which they
have tenant-in-common (TIC) interests.

The Bank specifies that the Debtors, as passive TIC investors,
have no right to manage, operate or maintain the Property and
cannot -- without the unilateral consent of the other 30 TIC
Investors -- make fundamental decisions relating to the Property.

Moreover, U.S. Bank relates that the Debtors admit that there is
no equity in the Property; that the Property has not generated a
profit since December 2011; that the Property does not currently
generate sufficient income to pay for operating expenses and debt
service payments; and that the Rents from the Property will
significantly decreased in September 2013 with the expiration of
the Philip Electronics lease.

U.S. Bank, as Trustee for the Registered Holders of ML-CFC
Commercial Mortgage Trust 2007-5, Commercial Mortgage Pass-Through
Certificates, Series 2007-5, by and through CWCapital Asset
Management LLC, solely in its capacity as Special Servicer, is the
only creditor in the Debtors' cases.

Keith C. Owens, Esq., and Jennifer L. Nassiri, Esq., of Venable
LLP, represent U.S. Bank, N.A.


                          About ARI-RC

ARI-RC 6, LLC, and four related entities -- ARI-RC 14, LLC, ARI-RC
12, LLC, ARI-RC 21, LLC, ARI-RC 23, LLC -- filed voluntary
petitions under Chapter 11 on July 15, 2013.  Kenneth Greene
signed the petitions as president.

ARI-RC 3, LLC, and nine affiliates filed for Chapter 11 protection
on Aug. 1, 2013.  ARI-RC 11 and three more affiliates subsequently
filed their own Chapter 11 cases on Aug. 2, 2013.  The petitions
were signed by R. Frederick Hodder, Jr. and Monroe Sawhill Hodder,
trustees.

The Debtors own tenant in common (TIC) interests in two commercial
buildings commonly known as Rancho Conejo I and II, located at
1525 and 1535 Rancho Conejo Boulevard, in Thousand Oaks,
California.  The Debtors and 16 related TIC Investors, who have
not filed for bankruptcy, are passive investors with varying
percentage ownership interests in the Property.

The Debtors' cases are jointly administered under the lead case of
ARI-RC 6, Case No. 13-14692, in the U.S. Bankruptcy Court for the
Central District of California.  The Debtors estimated assets and
debts at $10 million to $50 million at the time of the filings.
Judge Alan M. Ahart presides over the cases.

John-Patrick M. Fritz, Esq., and Daniel H. Reiss, Esq., at Levene
Neale Bender Rankin, et al., represent the Debtors in their
restructuring efforts.


ARI-RC 6: Hearing on 2 U.S. Bank Motions Postponed to Nov. 6
------------------------------------------------------------
The hearings on two of U.S. Bank, N.A.'s motions in the ARI-RC 6,
LLC, et al.'s bankruptcy cases have been continued to Nov. 6,
2013, at 10:00 a.m.  The motions refer to (i) a bid for the
dismissal of the Debtors' cases and (ii) relief from the automatic
stay sought to allow the Bank to pursue its rights in the Debtors'
property in 1525 and 1535 Rancho Conejo Boulevard, Thousand Oaks,
California.

The postponement of the hearing date was stipulated to by the
parties and approved by the Bankruptcy Court.  The parties relate
that they are currently working on establishing a discovery
schedule on the two Motions.

The hearing was initially set for Sept. 25, 2013.

U.S. Bank, as Trustee for the Registered Holders of ML-CFC
Commercial Mortgage Trust 2007-5, Commercial Mortgage Pass-Through
Certificates, Series 2007-5, by and through CWCapital Asset
Management LLC, solely in its capacity as Special Servicer, is the
only creditor in the Debtors' cases.

Keith C. Owens, Esq., and Jennifer L. Nassiri, Esq., of Venable
LLP, represent U.S. Bank, N.A.

                          About ARI-RC

ARI-RC 6, LLC, and four related entities -- ARI-RC 14, LLC, ARI-RC
12, LLC, ARI-RC 21, LLC, ARI-RC 23, LLC -- filed voluntary
petitions under Chapter 11 on July 15, 2013.  Kenneth Greene
signed the petitions as president.

ARI-RC 3, LLC, and nine affiliates filed for Chapter 11 protection
on Aug. 1, 2013.  ARI-RC 11 and three more affiliates subsequently
filed their own Chapter 11 cases on Aug. 2, 2013.  The petitions
were signed by R. Frederick Hodder, Jr. and Monroe Sawhill Hodder,
trustees.

The Debtors own tenant in common (TIC) interests in two commercial
buildings commonly known as Rancho Conejo I and II, located at
1525 and 1535 Rancho Conejo Boulevard, in Thousand Oaks,
California.  The Debtors and 16 related TIC Investors, who have
not filed for bankruptcy, are passive investors with varying
percentage ownership interests in the Property.

The Debtors' cases are jointly administered under the lead case of
ARI-RC 6, Case No. 13-14692, in the U.S. Bankruptcy Court for the
Central District of California.  The Debtors estimated assets and
debts at $10 million to $50 million at the time of the filings.
Judge Alan M. Ahart presides over the cases.

John-Patrick M. Fritz, Esq., and Daniel H. Reiss, Esq., at Levene
Neale Bender Rankin, et al., represent the Debtors in their
restructuring efforts.


ARI-RC 6: Wants to Hire Levene Neal as Bankr. Counsel
-----------------------------------------------------
ARI-RC 6 LLC, et al., is seeking permission from the U.S.
Bankruptcy Court for the Central District of California to employ
Levene, Neale, Bender Yoo & Brill L.L.P. as their general
bankruptcy counsel effective as of the Petition Date.

The firm will be rendering general legal services to the Debtors
in the course of their bankruptcy proceedings.

Daniel H. Reiss, Esq. and J.P. Fritz, Esq. are the primary
attorneys at LNBYB expected to be responsible for representation
of the Debtors.

The firm will be charging for their services in these hourly
rates:

       Daniel H. Reiss              $575
       John-Patrick M. Fritz        $430
       Paraprofessionals            $195

The firm will also seek reimbursement of actual and necessary
expenses related to their contemplated services.

One year prior to the bankruptcy filings, the Debtors paid
$296,000 to LNBYB.  Certain amounts have been drawn from the
Retainer since the filing of the cases and there remains a
postpetition retainer of $162,141.

Mr. Reiss assures the Court that his firm does not hold nor
represent interests adverse to the Debtors or the Debtors' estates
and is thus, a "disinterested person" as the term is defined under
Sec. 101(14) of the Bankruptcy Code.

                          About ARI-RC

ARI-RC 6, LLC, and four related entities -- ARI-RC 14, LLC, ARI-RC
12, LLC, ARI-RC 21, LLC, ARI-RC 23, LLC -- filed voluntary
petitions under Chapter 11 on July 15, 2013.  Kenneth Greene
signed the petitions as president.

ARI-RC 3, LLC, and nine affiliates filed for Chapter 11 protection
on Aug. 1, 2013.  ARI-RC 11 and three more affiliates subsequently
filed their own Chapter 11 cases on Aug. 2, 2013.  The petitions
were signed by R. Frederick Hodder, Jr. and Monroe Sawhill Hodder,
trustees.

The Debtors own tenant in common (TIC) interests in two commercial
buildings commonly known as Rancho Conejo I and II, located at
1525 and 1535 Rancho Conejo Boulevard, in Thousand Oaks,
California.  The Debtors and 16 related TIC Investors, who have
not filed for bankruptcy, are passive investors with varying
percentage ownership interests in the Property.

The Debtors' cases are jointly administered under the lead case of
ARI-RC 6, Case No. 13-14692, in the U.S. Bankruptcy Court for the
Central District of California.  The Debtors estimated assets and
debts at $10 million to $50 million at the time of the filings.
Judge Alan M. Ahart presides over the cases.


ARI-RC 6: Files Schedules of Assets and Liabilities
---------------------------------------------------
ARI-RC 6 LLC filed with the U.S. Bankruptcy Court for the Central
District of California its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                 UNKNOWN
  B. Personal Property             $38,198
  C. Property Claimed as
     Exempt
  D. Creditors Holding                            $27,876,207
     Secured Claims
  E. Creditors Holding                                      0
     Unsecured Priority
     Claims
  F. Creditors Holding                                  5,135
     Unsecured Non-priority
     Claims
                                 -----------      -----------
        TOTAL                       UNKNOWN       $27,881,342

                          About ARI-RC

ARI-RC 6, LLC, and four related entities -- ARI-RC 14, LLC, ARI-RC
12, LLC, ARI-RC 21, LLC, ARI-RC 23, LLC -- filed voluntary
petitions under Chapter 11 on July 15, 2013.  Kenneth Greene
signed the petitions as president.

ARI-RC 3, LLC, and nine affiliates filed for Chapter 11 protection
on Aug. 1, 2013.  ARI-RC 11 and three more affiliates subsequently
filed their own Chapter 11 cases on Aug. 2, 2013.  The petitions
were signed by R. Frederick Hodder, Jr. and Monroe Sawhill Hodder,
trustees.

The Debtors own tenant in common (TIC) interests in two commercial
buildings commonly known as Rancho Conejo I and II, located at
1525 and 1535 Rancho Conejo Boulevard, in Thousand Oaks,
California.  The Debtors and 16 related TIC Investors, who have
not filed for bankruptcy, are passive investors with varying
percentage ownership interests in the Property.

The Debtors' cases are jointly administered under the lead case of
ARI-RC 6, Case No. 13-14692, in the U.S. Bankruptcy Court for the
Central District of California.  The Debtors estimated assets and
debts at $10 million to $50 million at the time of the filings.
Judge Alan M. Ahart presides over the cases.

John-Patrick M. Fritz, Esq., and Daniel H. Reiss, Esq., at Levene
Neale Bender Rankin, et al., represent the Debtors in their
restructuring efforts.


ARMORWORKS ENTERPRISES: Can Make Intercompany Loan to AW Canada
---------------------------------------------------------------
On Aug. 30, 2013, the U.S. Bankruptcy Court for the District of
Arizona authorized ArmorWorks Enterprises, LLC, to make a multiple
advance secured term loan of up to $500,000 to ArmorWorks
Enterprises, Canada, ULC. for working capital purposes and to
preserve the going concern value of the business

The Order also: (ii) authorized a one-time variance from the
Budget under the Final DIP Order to allow the loan to AW Canada;
(ii) approved a non-refundable, fully earned $7,500 fee to DIP
Lender Lancelot Armor, LLC; (iv) amended Sec. 6.1(i) of the DIP
Credit Agreement to provide that it will be an "Event of Default:
if "the balance of Eligible Accounts is at any time less than
$3,500,000", and (iv) amending the definition of "Eligible
Accounts" in the DIP Credit Agreement to include 75% of the net
Eligible Accounts of AW Canada, up to $500,000.

ArmorWorks is authorized to make up to a $500,000 multiple advance
term loan to AW Canada, to be disbursed on an "as needed" basis,
with interest at the rate being charged to the Debtors under the
DIP Facility, secured by a lien against all assets of AW Canada,
provided that the Debtors have an agreement in place with Defense
Finance and Accounting Services ("DFAS") Office of General
Counsel, to the satisfaction of DIP Lender, for the immediate
release of post-petition accounts receivable due and owing to
ArmorWorks under the Protective Over Garment (POG) body armor
Contract W91CRB12D0011, and the Debtor has confirmed that the
post-petition payments required under the foregoing agreement have
been received.

This Order will not be stayed for any length of time, and will be
effective immediately, notwithstanding Federal Bankruptcy Rule
6004(h) or any other applicable rules.

                   About ArmorWorks Enterprises

Military armor systems provider ArmorWorks Enterprises, LLC, and
affiliate TechFiber LLC sought Chapter 11 protection (Bankr. D.
Ariz. Case Nos. 13-10332 and 13-10333) in Phoenix on June 17,
2013, along with a plan that resolves a dispute with a minority
shareholder and $3.5 million of financing that would save the
company from running out of cash.

ArmorWorks develops advanced survivability technology and designs
and manufactures armor and protective products.  ArmorWorks has
produced over 1.25 million ceramic armor and composite armor
protection components for a variety of personnel armor, aircraft,
and vehicle applications.

The Debtors have tapped Todd A. Burgess, Esq., at Gallagher &
Kennedy, as counsel; and MCA Financial Group, Ltd., as financial
advisor.  ArmorWorks estimated $10 million to $50 million in
assets and liabilities.

As of May 26, 2012, ArmorWorks had total assets of $30.9 million
and total liabilities of $12.04 million.

The Plan would resolve the ongoing dispute with C Squared by
allowing ArmorWorks to redeem C Squared's 40% minority interest,
or alternatively, allow C Squared to purchase the 60% majority
interest of AWI.

ArmorWorks and TechFiber sought and obtained an order (i)
transferring the In re TechFiber, LLC chapter 11 case to the
Honorable Brenda Moody Whinery, the judge assigned to the
ArmorWorks Chapter 11 case, and (ii) authorizing the joint
administration of the Debtors' cases.


AS SEEN ON TV: CEO Provides Update on Company's Progress
--------------------------------------------------------
As Seen on TV, Inc., filed with the U.S. Securities and Exchange
Commission a copy of a letter to sharehoders from Ronald C.
Pruett, Jr., chief executive officer of the Company.  The CEO
provided an update on the Company's significant progress across a
number of fronts and the Company's vision for the future of the
business.

"Leading this company and developing its unique assets is a rare
opportunity," Mr. Pruett stated.  "The management team and I are
more excited than ever about what lies ahead."

According to Mr. Pruett, they've evaluated all aspects of the
Company's operations in order to improve customer satisfaction,
reduce costs, and focus on the right opportunities to leverage the
Company's core assets.

"We made difficult decisions that reflect our approach of
methodically partnering with outsourced specialists in order to
scale our businesses while emphasizing variable, controllable
costs over fixed costs.  While reducing revenues in the short-
term, we believe the results down the road will demonstrate how
we've shifted our resources to the most promising opportunities
while making our business more efficient and effective."

A full-text copy of the letter is available for free at:

                        http://is.gd/v96jhJ

                        About As Seen on TV

Clearwater, Fla.-based As Seen On TV, Inc., is a direct response
marketing company.  It identifies, develops, and markets consumer
products.

As reported by the TCR on Nov. 6, 2012, As Seen On TV entered into
an Agreement and Plan of Merger with eDiets Acquisition Company
("Merger Sub"), eDiets.com, Inc., and certain other individuals.
Pursuant to the Merger Agreement, Merger Sub will merge with and
into eDiets.com, and eDiets.com will continue as the surviving
corporation and a wholly-owned subsidiary of the Company.

As Seen On TV posted net income of $3.69 million on $10.10 million
of revenues for the year ended March 31, 2013, as compared with a
net loss of $8.07 million on $8.16 million of revenues during the
prior year.  The Company's balance sheet at June 30, 2013, showed
$23.81 million in total assets, $13.05 million in total
liabilities and $10.75 million in total stockholders' equity.

EisnerAmper LLP, in Edison, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended March 31, 2013.  The independent auditors noted that
the Company's recurring losses from operations and negative cash
flows from operations raise substantial doubt about its ability to
continue as a going concern.

                         Bankruptcy Warning

"We face a number of challenges during fiscal 2014, including
operating within the highly competitive the online diet industry,
effectively responding to ever changing consumer preferences and
completing our eDiets integration.  We must also raise additional
funds to provide the resources necessary to continue in business
and to realize the expected benefits of our initiatives. The
continuation of the Company's business is dependent upon raising
additional financial support.  In light of the Company's results
from operations, the Company intends to continue to evaluate
various possibilities, including: (i) raising additional capital
through the issuance of common or preferred stock, securities
convertible into common stock, or secured or unsecured debt, (ii)
selling one or more lines of business, or all or a portion of the
Company's assets, (iii) entering into a business combination, and
(iv) aggressively restructuring existing operations, including
reducing or eliminating less promising operations, liquidating
assets, or significantly reducing or suspending our operations.
These possibilities, to the extent available, may be on terms that
result in significant dilution to the Company's shareholders or
that result in the Company's shareholders losing all of their
investment in the Company.  There can be no assurance that the
Company will be successful in effecting any of the above
possibilities.  If the company's efforts in this regard are
unsuccessful, the Company will be required to further reduce or
suspend operations [and/or seek relief through a filing under the
U.S. Bankruptcy Code].  The Company's condensed consolidated
financial statements do not include any adjustments relating to
the recoverability of assets and classification of assets and
liabilities that might be necessary should the Company be unable
to continue as a going concern," the Company said in its quarterly
report for the period ended June 30, 2013.


ASTOR & BLACK: Files for Chapter 7 Liquidation
----------------------------------------------
Tim Feran at The Columbus Dispatch reports that Astor & Black
Custom Clothiers is going out of business, a year after moving its
headquarters to Fort Lauderdale, Fla., from Columbus.

The custom suit-maker filed for Chapter 7 liquidation on
August 29, citing assets of $1.7 million and liabilities of
$8.5 million, the report discloses.

Astor & Black was founded in 2004 in Columbus by David
Schottenstein of the local retailing family, who sold majority
ownership of his 7-year-old business to private investors in 2011.

Mr. Schottenstein, who was 21 when he founded Astor & Black, said
he had not been involved in the business since selling it two
years ago, the report relays.

The Columbus Dispatch notes that among large creditors, only BMW
Bank of North America, to whom Astor & Black owes $67,000, holds
secured debt.  Other large creditors, but with unsecured debt, are
Colorado Department of Revenue, $136,552; Louisiana Department of
Revenue, $118,442; North Carolina Department of Revenue, $68,409;
and Missouri Department of Revenue, $42,824, The Columbus Dispatch
adds.


ATLS ACQUISITION: LMS Seeks Extension of Lease Decision Deadline
----------------------------------------------------------------
Debtor Liberty Medical Supply, Inc., asks the Bankruptcy Court to
extend its deadline to assume or reject certain unexpired non-
residential real estate leases until Nov. 13, 2013.  The landlords
have each consented in writing to the sought extension.

As of the Petition Date, LMS was a party to the following
unexpired non-residential leases:

   a. Debtor/Tenant: Liberty Medical Supply, Inc.
      Landlord: Grady G. Byrd Jr. and Grady G. Byrd III
      Premises: 4E Long Shoals Road, Arden, North Carolina

   b. Debtor/Tenant: Liberty Medical Supply, Inc.
      Landlord: Oaklawn Center, Ltd.
      Premises: 2729 New Boston Road, Suite 36B, Texarkana, Texas

   c. Debtor/Tenant: Liberty Medical Supply, Inc.
      Landlord: Healthcare Realty Services, Inc., as agent for HRT
      of Roanoke, Inc.
      Premises: 2157-67 Apperson Drive, Lee-Hi Business Center,
      Salem, Virginia

The Court previously entered its order extending the time to
assume or reject the Leases until Sept. 13, 2013.

"The Debtors have been diligently working with their major
creditor constituencies, including the Committee, to negotiate a
chapter 11 plan process that will maximize the value of their
estates.  If the Debtors fail to obtain the requested extension,
such failure may be to the economic detriment of the estates, may
impair the intended plan process, and may frustrate the Debtors'
efforts to maximize the value of their estates," Dennis A. Meloro,
Esq., -- Email: melorod@gtlaw.com -- at Greenberg Traurig, LLP, in
Wilmington, Delaware, counsel to the Debtor, tells the Court.

                     About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP, as counsel; Ernst
& Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.

An official committee of unsecured creditors has been appointed in
the case and consists of LifeScan, Inc., Abbott Laboratories, and
Teva Pharmaceuticals USA, Inc.  They are represented by Joseph H.
Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent,
Esq. of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S.
Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein
Sandler LLP.  The Committee has tapped Mesirow Financial
Consulting, LLC, as financial advisors.


BERNARD L. MADOFF: Picard Revises Suit Against Merkin
-----------------------------------------------------
Chad Bray, writing for The Wall Street Journal, reports that
lawyers for Irving Picard, the court-appointed trustee for Bernard
Madoff's firm, filed an amended lawsuit late Friday against money
manager J. Ezra Merkin, who funneled hundreds of millions of
dollars to Madoff.  They allege that Mr. Merkin knew that Mr.
Madoff's results were impossible and his advisory business was
"predicated on a fraud."  They said Mr. Merkin "willfully blinded"
himself to a variety of indications that Mr. Madoff was engaged in
a fraud and that Mr. Merkin enabled the fraud scheme. Mr. Merkin
did so despite acknowledging in conversations with Mr. Madoff and
others that Mr. Madoff's results were consistent with a Ponzi
scheme, Mr. Picard said.

The report notes Mr. Merkin has never been charged with committing
a crime related to the Madoff scheme.

"In desperation to meet a legal burden he cannot meet, Mr. Picard
has concocted allegations that he cannot prove," said Andrew
Levander, Mr. Merkin's lawyer, according to WSJ.  "These
allegations are utterly baseless. Indeed, Mr. Merkin personally
lost more than $100 million in Madoff's fraud."

WSJ relates Mr. Picard faced a Friday deadline to file an amended
complaint in the case. The amended complaint contains some new
allegations alongside a host of others that have surfaced
previously in earlier lawsuits.

WSJ notes Mr. Picard is attempting to block a $410 million
settlement reached between Mr. Merkin, the former chairman of GMAC
Financial Services, and New York Attorney General Eric
Schneiderman.  Mr. Picard has contested several settlements
reached with feeder funds, saying those deals could hurt his
ability to collect funds for victims who invested directly with
Mr. Madoff's firm.

WSJ relates Mr. Picard is seeking to recover at least $560 million
that was withdrawn from the Madoff estate by Mr. Merkin's Gabriel
Capital Corp. and its various funds over a 13-year period before
Mr. Madoff's fraud came to light in December 2008. Mr. Merkin's
funds allegedly collected at least $256.2 million in management
and incentive fees associated with the Madoff investments,
according to the lawsuit.

                      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.


BUILDERS FIRSTSOURCE: R. Robotti Held 4% Equity Stake at Aug. 20
----------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Robert E. Robotti and his affiliates
disclosed that as of Aug. 20, 2013, they beneficially owned
4,225,917 shares of common stock of Builders FirstSource, Inc.,
representing 4.4 percent of the shares outstanding.  Mr. Robotti
previously reported beneficial ownership of 5,083,660 shares of
common stock of the Company representing 5.3 percent equity stake
as of Jan. 31, 2011.  A copy of the amended regulatory filing is
available for free at http://is.gd/1Kkb3D

                    About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource Inc. --
http://www.bldr.com/-- supplies and manufactures building
products for residential new construction.  The Company operates
in nine states, principally in the southern and eastern United
States, and has 55 distribution centers and 51 manufacturing
facilities, many of which are located on the same premises as its
distribution facilities.

Builders FirstSource reported a net loss of $56.85 million in
2012, a net loss of $64.99 million in 2011 and a $95.50 million in
2010.  As of June 30, 2013, the Company had $505.50 million in
total assets, $513.95 million in total liabilities and a $8.45
million total stockholders' deficit.

                           *     *     *

As reported by the TCR on May 15, 2013, Standard & Poor's Ratings
Services Inc. said it raised its corporate credit rating on
Dallas-based Builders FirstSource to 'B' from 'CCC'.  "The upgrade
acknowledges U.S.-based building materials manufacturer and
distributor Builders FirstSource Inc.'s 'strong' liquidity based
on the company's proposed recapitalization," said Standard &
Poor's credit analyst James Fielding.


CAPITOL BANCORP: Director David O'Leary Resigns
-----------------------------------------------
Capitol Bancorp Ltd. accepted the resignation of David O'Leary,
who has resigned from service as the secretary and a member of the
board of directors.  Mr. O'Leary was a founding member of the
board of directors in 1988 and has served as a director of Capitol
and its first bank affiliate since 1982.

                       About Capitol Bancorp

Capitol Bancorp Ltd. and Financial Commerce Corporation filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Mich. Case
Nos. 12-58409 and 12-58406) on Aug. 9, 2012.

Capitol Bancorp -- http://www.capitolbancorp.com/-- is a
community banking company with a network of individual banks and
bank operations in 10 states and total consolidated assets of
roughly $2.0 billion as of June 30, 2012.  CBC owns roughly 97% of
FCC, with a number of CBC affiliates owning the remainder.  FCC,
in turn, is the holding company for five of the banks in CBC's
network.  CBC is registered as a bank holding company under the
Bank Holding Company Act of 1956, as amended, 12 U.S.C. Sec. 1841,
et seq., and trades on the OTCQB under the symbol "CBCR."

Lawyers at Honigman Miller Schwartz and Cohn LLP represent the
Debtors as counsel.  John A. Simon, Esq., at Foley & Lardner LLP,
represents the Official Committee of Unsecured Creditors as
counsel.

In its petition, Capitol Bancorp scheduled $112,634,112 in total
assets and $195,644,527 in total liabilities.  The petitions were
signed by Cristin K. Reid, corporate president.

The Company's balance sheet at Sept. 30, 2012, showed
$1.749 billion in total assets, $1.891 billion in total
liabilities, and a stockholders' deficit of $141.8 million.

Prepetition, the Debtor arranged a reorganization plan that was
accepted by the requisite majorities of creditors and equity
holders in all classes.  Problems arose when affiliates of
Valstone Partners LLC declined to proceed with a tentative
agreement to fund the reorganization by paying $50 million for
common and preferred stock while buying $207 million in face
amount of defaulted commercial and residential mortgages.


CCO LAND: Updated Case Summary & Creditors' Lists
-------------------------------------------------
Lead Debtor: CCO Land, LLC
             10066 League Line Rd
             Conroe, TX 77304

Bankruptcy Case No.: 13-35466

Chapter 11 Petition Date: September 1, 2013

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Jeff Bohm

Debtors' Counsel: Christopher A Beck, Esq.
                  BAKER BECK PC
                  202 Avenue A
                  Conroe, TX 77301
                  Tel: (936) 494-2444
                  Fax: (936) 494-2445
                  E-mail: cbeck@bakerbeck.net

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

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

Affiliates that simultaneously filed separate Chapter 11
petitions:

   Debtor                              Case No.
   ------                              --------
Premium Star Land, LLC                 13-35467
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000

The petitions were signed by Herman E. Hoffman, manager..

A. CCO Land, LLC did not file a list of its largest unsecured
creditors together with its petition.

B. Premium Star Land, did not file a list of its largest unsecured
creditors together with its petition.


CEL-SCI CORP: NYSE MKT Accepts Listing Compliance Plan
------------------------------------------------------
CEL-SCI Corporation on Sept. 3 disclosed that the NYSE MKT has
accepted the Company's plan to bring itself into compliance with
the Exchange's continued listing standards.

The Company previously received notice from the Exchange on
July 18, 2013, indicating that the Company is not in compliance
with Section 1003(a)(iv) of the Exchange's continued listing
standards in the Company Guide.  The Company was afforded the
opportunity to submit a plan to regain compliance, and on August
19, 2013 the Company submitted its plan to the Exchange.

On August 30, 2013, the Exchange notified the Company that it
accepted the Company's plan of compliance and granted the Company
an extension until September 30, 2013 to regain compliance with
the continued listing standards.  The Company will be subject to
periodic review during the extension period. F ailure to make
progress consistent with the plan or to regain compliance with the
continued listing standards by the end of the extension period
could result in the Company being delisted from the NYSE MKT.

                    About CEL-SCI Corporation

CEL-SCI is dedicated to research and development directed at
improving the treatment of cancer and other diseases by utilizing
the immune system, the body's natural defense system. Its lead
investigational therapy is Multikine (Leukocyte Interleukin,
Injection), currently being studied in a pivotal global Phase III
clinical trial.  CEL-SCI is also investigating an immunotherapy
(LEAPS-H1N1-DC) as a possible treatment for H1N1 hospitalized
patients and as a vaccine (CEL-2000) for Rheumatoid Arthritis
(currently in preclinical testing) using its LEAPS technology
platform.  The investigational immunotherapy LEAPS-H1N1-DC
treatment involves non-changing regions of H1N1 Pandemic Flu,
Avian Flu (H5N1), and the Spanish Flu, as CEL-SCI scientists are
very concerned about the possible emergence of a new more virulent
hybrid virus through the combination of H1N1 and Avian Flu, or
maybe Spanish Flu.  The Company has operations in Vienna,
Virginia, and in/near Baltimore, Maryland.


CENTRAL ENERGY: Inks LOI to Sell Membership Interests
-----------------------------------------------------
Central Energy GP LLC, on Aug. 19, 2013, entered into a non-
binding Letter of Intent with a third party outlining the terms
and conditions by which CEGP would issue new membership interests.
The LOI is non-binding, except for certain provisions including
confidentiality and provisions related to the payment of an
additional $300,000 as consideration for extending the Stand-Still
Period to the earlier to occur of the execution of a definitive
purchase agreement or termination of the LOI.  The LOI will
terminate if the definitive agreement is not completed on or
before the 65th day after its execution (Oct. 18, 2013).  The
additional consideration is also secured by the second lien on the
assets of Regional.  Should a definitive purchase agreement not be
executed and a transaction completed, the entire $400,000 is due
and payable to the Third Party on the same terms as set forth in
the Letter.

On July 17, 2013, a non-affiliated third party tendered a non-
binding indication of interest to CEGP, the general partner of
Central Energy Partners LP, to purchase newly issued membership
interests in CEGP.  As an indication of the Third Party's interest
in the transaction and as consideration for a "stand-still
agreement" with CEGP whereby CEGP agreed for a period of 45 days
not to solicit, encourage, entertain or accept any proposal by
another third party to acquire an interest in CEGP, the Third
Party delivered $100,000 to CEGP on July 19, 2013.  The cash
consideration is to be repaid to the Third Party in the event a
transaction is not consummated.  The cash consideration is secured
by a second lien on the assets of Regional Enterprises, Inc., a
wholly-owned subsidiary of the Company.  CEGP is obligated to
repay the cash consideration to the Third Party within 30 days
after discussions regarding a transaction have terminated.  If the
consideration has not been paid by the due date, interest will
immediately begin to accrue at the rate of 15 percent per annum.
Should CEGP fail to pay the $100,000 together with all accrued and
unpaid interest by Dec. 31, 2013, the Third Party has the right to
foreclose on the assets of Regional without notice to CEGP.


Any transaction ultimately agreed to between the parties is
subject to the preparation, authorization, execution and delivery
of a definitive acquisition agreement, the approval of the
definitive agreement by more than 66-2/3 percent of the members of
CEGP (as required by its company agreement), the receipt of all
material consents and approvals necessary to complete that
transaction, and certain other requirements set forth in the LOI.
There is no assurance that CEGP and the Third Party will reach
agreement on the terms necessary to complete the definitive
agreement or that the members of CEGP will approve that agreement.

                       About Central Energy

Dallas, Tex.-based Central Energy Partners LP is a publicly-traded
Delaware limited partnership.  It currently provides liquid bulk
storage, trans-loading and transportation services for hazardous
chemicals and petroleum products through its wholly-owned
subsidiary, Regional Enterprises, Inc. ("Regional").

Central Energy Partners LP filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing a
net loss of $1.03 million on $5.47 million of revenue for the year
ended Dec. 31, 2012, as compared with a net loss of $1.36 million
on $6.84 million of revenue during the prior year.

Montgomery Coscia, LLP, in Plano, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing insufficient cash flow to pay its
current obligations and contingencies as they become due.

The Company's balance sheet at March 31, 2013, showed $8.98
million in total assets, $9.58 million in total liabilities and a
$592,000 total partners' deficit.

                        Bankruptcy Warning

"If the Partnership does not have sufficient cash reserves, its
ability to pursue additional acquisition transactions will be
adversely impacted.  Furthermore, despite significant effort, the
Partnership has thus far been unsuccessful in completing an
acquisition transaction.  There can be no assurance that the
Partnership will be able to complete an accretive acquisition or
otherwise find additional sources of working capital.  If an
acquisition transaction cannot be completed or if additional funds
cannot be raised and cash flow is inadequate, the Partnership
and/or Regional would be required to seek other alternatives which
could include the sale of assets, closure of operations and/or
protection under the U.S. bankruptcy laws," according to the
Company's annual report for the year ended Dec. 31, 2012.


CHINA TELETECH: Incurs $725,800 Net Loss in Second Quarter
----------------------------------------------------------
China Teletech Holding, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $725,876 on $9.97 million of sales for the three
months ended June 30, 2013, as compared with net income of
$971,670 on $8.04 million of sales for the same period last year.

For the six months ended June 30, 2013, the Company reported a net
loss of $664,010 on $19.07 million of sales, as compared with net
income of $2.60 million on $11.07 million of sales for the same
period a year ago.

The Company's balance sheet at June 30, 2013, showed $1.70 million
in total assets, $2.09 million in total liabilities and a $395,637
total stockholders' deficit.

WWC, P.C., in San Mateo, California, issued a "going concern"
qualification on the consolidated financial statements for the
quarter ended June 30, 2013.  The independent auditors noted that
the Company has incurred substantial losses, and has difficulty to
pay the People's Republic of China government Value Added Tax and
past due Debenture Holders Settlement, all of which raise
substantial doubt about its ability to continue as a going
concern.

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

                        http://is.gd/QIwoJD

                       About China Teletech

Tallahassee, Fla.-based China Teletech Holding, Inc., is a
national distributor of prepaid calling cards and integrated
mobile phone handsets and a provider of mobile handset value-added
services.  The Company is an independent qualified corporation
that serves as one of the principal distributors of China Telecom,
China Unicom, and China Mobile products in Guangzhou City.

On June 30, 2012, the Company strategically sold its wholly-owned
subsidiary, Guangzhou Global Telecommunication Company Limited
("GGT"), to a third party.  GGT was engaged in the trading and
distribution of cellular phones and accessories, prepaid calling
cards, and rechargeable store-value cards.

China Teletech disclosed net income of US$53,542 on US$26.62
million of sales for the year ended Dec. 31, 2012, as compared
with a net loss of US$348,124 on US$18.84 million of sales for the
year ended Dec. 31, 2011.


CIRTRAN CORP: Offering 211.8 Million Shares Under 2013 Plan
-----------------------------------------------------------
Cirtran Corporation registered with the U.S. Securities and
Exchange Commission 211,800,000 shares of common stock issuable
under the Company's 2013 Incentive Plan.  The proposed maximum
aggregate offering price is $105,900.  A copy of the Form S-8
registration statement is available at http://is.gd/bCIyC1

                        About Cirtran Corp

West Valley City, Utah-based CirTran Corporation manufactures,
markets, and distributes domestically and internationally an
energy drink under a license, now in dispute, with Playboy
Enterprises, Inc., or Playboy, and in the U.S., it provides a mix
of high- and medium-volume turnkey manufacturing services and
products using various high-tech applications for leading
electronics OEMs in the communications, networking, peripherals,
gaming, law enforcement, consumer products, telecommunications,
automotive, medical, and semiconductor industries.  Its services
include pre-manufacturing, manufacturing, and post-manufacturing
services.  Its goal is to offer customers the significant
competitive advantages that can be obtained from manufacture
outsourcing.

Cirtran Corp incurred a net loss of $1.78 million in 2012 as
compared with a net loss of $7.04 million in 2011.  The Company's
balance sheet at June 30, 2013, showed $1.3 million in total
assets, $24.6 million in total liabilities, and a stockholders'
deficit of $23.3 million.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company had accumulated losses of
$48,514,796 as of Dec. 31, 2012, which raises substantial doubt
about its ability to continue as a going concern.


COLDWATER PORTFOLIO: Plan Effective Date Occurred on August 21
--------------------------------------------------------------
Coldwater Portfolio Partners LLC informs the U.S. Bankruptcy Court
for the Northern District of Indiana that the Effective Date of
the Joint Chapter 11 Plan filed by the Debtor and U.S. Bank
National Association, as Successor Trustee, occurred on Aug. 21,
2013.

As reported in the Troubled Company Reporter on July 23, 2013, the
Debtor and the lender won confirmation of their plan on July 17,
2013.  At the same hearing, the bankruptcy judge also approved the
adequacy of the explanatory disclosure statement.

As reported in the TCR on June 5, 2013, the Joint Plan calls for
unsecured creditors with $225,000 in claims to be paid 44 percent.
Properties will be transferred to a liquidating trust, with sale
proceeds earmarked for the lenders.  If they wish, the lenders may
buy the properties using debt rather than cash.

                     About Coldwater Portfolio

Coldwater Portfolio Partners LLC filed a voluntary Chapter 11
petition (Bankr. N.D. Ind. Case No. 12-31182) on April 4, 2012.
CPP, a limited liability company organized under the laws of the
state of Delaware, was formed in January 2006 with the purpose of
owning and operating 38 commercial real estate properties.  The
majority of the properties are shadow retail centers located
adjacent to Wal-Mart Supercenters throughout the Midwest and
Southern States.  The Debtor has developed relationships with
nationwide retailers who operate local stores at the Shadow Retail
Centers, including Dollar Tree, Game Stop, Sally Beauty, and
Fashion Bug.  The Shadow Retail Centers are particularly
attractive commercial retail properties with business arising from
the Wal-Mart customer traffic.

Bankruptcy Judge Harry C. Dees, Jr., oversees the case.  Forrest
B. Lammiman, Esq., and David L. Kane, Esq., at Meltzer, Purtill &
Stelle LLC, serve as the Debtor's counsel.  Variant Capital
Advisors LLC provides investment banking services to the Debtor.
In its schedules, CPP disclosed $43,795,511 in assets and
$73,808,077 in liabilities as of the Petition Date.

CPP is a subsidiary of CPP Holdings LLC.  Kenneth S. Klein,
manager of CPP, signed the Chapter 11 petition.  A related entity,
Coldwater Portfolio Partners II, LLC, owns and operates nine
shadow retail centers in the Midwest and Southern United States.
Klein Retail Centers, Inc. is the parent of Coldwater II.


COMMUNITY MEMORIAL: Committee Confirms Amended Liquidation Plan
---------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Community Memorial Hospital won confirmation of its
Corrected First Amended Plan of Liquidation for the Debtor.  The
Plan provides that on or prior to the Effective Date, a
liquidating trust will be established for the purpose of
liquidating the Debtor's remaining assets and distributing the
proceeds thereof to creditors.

Objections filed by the Centers for Medicare & Medicaid Services
and the United States Department of Agriculture and the
concurrences filed by the Equal Employment Opportunity Commission
were resolved.

In a separate filing, the Committee entered into a stipulation in
connection with the confirmation of the First Amended Liquidation
Plan.  The stipulation was entered among:

   1. Robert D. Mollhagen, Esq. -- rdmollhagen@varnumlaw.com --
      at Varnum LLP on behalf of the Committee;

   2. David M. Miller, Esq. -- dmiller@ermanteicher.com --
      at Erman, Teicher, Miller, Zucker & Freedman, P.C., on
      behalf of McLaren Health Care Corporation, Northern Michigan
      Regional Hospital and Northern Michigan Hematology and
      Oncology;

   3. David K. Foust, Esq. -- David.K.Foust@usdoj.gov -- on behalf
      of Daniel M. McDermott, U.S. Trustee;

   4. William R. Morris, Esq. -- MorrisW@michigan.gov -- on behalf
      of the Michigan Department of Community Health and Licensing
      and Regulatory Affairs Health, Education & Family Services
      Division;

   5. Julia A. Caroff, Esq. -- Julia.Caroff@usdoj.gov -- on behalf
      of the United States of America;

   6. Kelly R. Cusick -- Cusick.kelly@pbgc.gov -- and --
      efile@pbgc.gov -- on behalf of the Pension Benefit Guaranty
      Corporation; and

   7. Dale Price, Esq. -- Dale.price@eeoc.gov -- on behalf of
      Equal Employment Opportunity Commission.

                              The Plan

As reported in the Troubled Company Reporter on July 31, 2013, the
First Amended Chapter 11 Plan was filed as a complete amendment
and restatement of the Plan of Liquidation filed by the Committee
on April 5, 2013.

Pursuant to the First Amended Plan, on or prior to the Effective
Date, a liquidating trust will be established for the purpose of
liquidating the Debtor's remaining assets and distributing the
proceeds thereof to creditors.

Citizens Bank (Class 3) will be deemed to have that portion of its
claim that is a secured claim deemed satisfied and paid in full in
exchange for (i) the Debtor's Lincoln Bridge property and Bay
Street property, (ii) cash payment on the effective date of the
Plan, and (iii) a note secured by accounts receivable.

The USDA (Class 4) will have that portion of its claim that is a
secured claim deemed satisfied and paid in full in exchange for
cash payment on the Effective Date.

Upon payment of higher ranked claims, each holder of general
unsecured claims (Class 5) will receive its pro-rata share of the
liquidating trust assets.

A copy of the Corrected First Amended Plan of Liquidation is
available at:

      http://bankrupt.com/misc/communitymemorial.doc777.pdf

                 About Community Memorial Hospital

Community Memorial Hospital, operator of the Cheboygan Memorial
Hospital, filed for Chapter 11 bankruptcy (Bankr. E.D. Mich. Case
No. 12-20666) on March 1, 2012.  Judge Daniel S. Opperman oversees
the case.  Paul W. Linehan, Esq., and Shawn M. Riley, Esq., at
McDonald Hopkins LLC, in Cleveland, Ohio; and Jayson Ruff, Esq.,
at McDonald Hopkins LLC, in Bloomfield Hills, Michigan, represent
the Debtor as counsel.  The Debtor's financial advisor is Conway
Mackenzie Inc.  The Debtor disclosed $23,085,273 in assets and
$26,329,103 in liabilities.

Opened in 1942, the Debtor is an independent, not-for-profit
entity, organized exclusively for charitable, scientific and
educational purposes, and holds tax exempt status in accordance
with Section 501(c)(3) of the Internal Revenue Code.  The
Cheboygan Memorial Hospital is a 25-bed critical access hospital
located in Cheboygan, Cheboygan County, a community on the Lake
Huron coast.  The Debtor has 395 employees.

McLaren Health Care Corporation proposed to acquire substantially
all of the Debtor's operating assets at its primary hospital
campus, for $5,000,000, plus (2) all amounts required for the
Debtor to cure and assume the assigned Assumed Contracts and
Leases.

Daniel M. McDermott, the U.S. Trustee for Region 9, appointed a
five-member official committee of unsecured creditors in the
Chapter 11 case of Community Memorial Hospital.

Michael S. McElwee, Esq., at Varnum LP, in Grand Rapids, Michigan,
represents the Unsecured Creditors' Committee as counsel.


CONQUEST SANTA FE: Can Access Cash Collateral Until Oct. 31
-----------------------------------------------------------
The Bankruptcy Court authorized Conquest Santa Fe, L.L.C., to use
cash collateral until Oct. 31, 2013.  The Court found that the
Debtor does not have sufficient available sources of working
capital and financing to carry on the operation of its businesses
without the use of Cash Collateral.

As reported in the Troubled Company Reporter on Jan. 23, 2013, the
Court authorized the Debtor to use cash collateral of LPP
Mortgage, Ltd., to pay ordinary and necessary, postpetition
expenses in the ordinary course of operating its business.

The Lender may object to the further use of Cash Collateral, and
file a motion with the Court asking for an immediate termination
of the rights of the Debtor to use Cash Collateral.

The Debtor will deposit all of the Cash Collateral into debtor in
possession accounts.  The liens and security interests held by
Lender in the Cash Collateral will continue notwithstanding
deposit in the Accounts or any other accounts.

As adequate protection for the use by the Debtor of the Cash
Collateral the Lender is granted a continuing, valid, and
perfected lien and security interest in all property of the same
kind and character of the Collateral acquired and owned by the
Debtor on and after the Petition Date.

A continued hearing on the authority to use cash collateral will
be held on Oct. 23, 2013 at 1:15 p.m.

A copy of the Cash Collateral Order is available for free at:

      http://bankrupt.com/misc/CONQUEST_Cashorder_813.pdf

                      About Conquest Santa Fe

Conquest Santa Fe, LLC, filed a Chapter 11 petition (Bankr. D.
Ariz. Case No. 12-24937) in Tucson, Arizona, Nov. 16, 2012,
estimating at least $10 million in assets and liabilities.
Judge Eileen W. Hollowell presides over the case.  Lowell E.
Rothschild, Esq., Scott H. Gan, Esq., and Frederick J. Petersen,
Esq., at Mesch, Clark & Rothschild, P.C., in Tucson, Arizona,
serve as counsel to the Debtor.

The Debtor owns and operates the 92-room Hyatt Place Hotel on
Cerillos Road in Santa Fe, New Mexico, which opened for business
on May 25, 2010.

The Debtor filed its First Amended Chapter 11 Plan and Disclosure
Statement on May 20, 2013.


COOPER-BOOTH WHOLESALE: Dec. 18 Hearing on Use of Cash Collateral
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of
Pennsylvania, in documents filed Aug. 28, 2013, continued until
Dec. 18 at 11 a.m., Cooper-Booth Wholesale Company, L.P., et al.'s
request for use of cash collateral and to provide adequate
protection.

As reported in the Troubled Company Reporter on July 25, 2013, the
Debtors obtained final authority from Judge Magdeline D. Coleman
to use Cash Collateral of PNC Bank, National Association, and PNC
Equipment Finance and Zurich American Insurance Company to pay
only approved expenses from July 10, 2013, until the termination
date, which will be the earlier of Aug. 31, or the date upon which
an event of default occurs.

As adequate protection, the Banks are granted replacement liens on
and security interests in all of the Debtors' property and an
administrative expense claim pursuant to Section 503(b)(1) of the
Bankruptcy Code.  Zurich is also granted the same forms of
adequate protection as the Banks.

                   About Cooper-Booth Wholesale

Cooper-Booth Wholesale Company, L.P. and two affiliates sought
Chapter 11 protection (Bankr. E.D. Pa. Lead Case No. 13-14519) in
Philadelphia on May 21, 2013, after the U.S. government seized the
Company's bank accounts to recover payments made by a large
customer caught smuggling Virginia-stamped cigarettes into New
York.

Serving the mid-Atlantic region, Cooper is one of the top 20
convenience store wholesalers in the country.  Cooper supplies
cigarettes, snacks, beverages and other food items from Hershey's,
Lellogg's, Bic, and Mars to convenience stores.  Cooper has been
in the wholesale distribution business since 1865 when the Booth
Tobacco Company was incorporated in Lancaster, Pennsylvania.  The
Company has been family owned and operated for three generations.

Aris J. Karalis, Esq., and Robert W. Seitzer, Esq., at Maschmeyer
Karalis, P.C., in Philadelphia, serve as the Debtors' bankruptcy
counsel.  Executive Sounding Board Associates, Inc., is the
financial advisor.  Blank Rome LLP represents the Debtor in
negotiations with federal agencies concerning the seizure warrant.

Cooper Booth estimated assets of at least $50 million and
liabilities of at least $10 million as of the bankruptcy filing.
As of the Petition Date, the Debtors' total consolidated funded
senior debt obligations were approximately $10.7 million and
consisted of, among other things, $7.72 million owing on a
revolving line of credit facility, $2.83 million owing on a line
of credit for the purchase of equipment, and $166,000 due on a
corporate VISA Card.  PNC Bank asserts that a letter of credit
facility is secured by all personal property owned by Wholesale.
Unsecured trade payables totaled $22.8 million as of May 21, 2013.

Claudia Z. Springer, Esq., Derek J. Baker, Esq., Brian M.
Schenker, Esq., at Reed Smith LLP, in Philadelphia, Pennsylvania,
represent the Banks -- PNC Bank, National Association, and PNC
Equipment Finance.

Mort Branzburg, Esq., and Richard Beck, Esq., at Klehr Harrison
Harvey Branzburg LLP, in Philadelphia, Pennsylvania, represent the
Official Committee of Unsecured Creditors.

Karen Lee Turner, Esq., at Eckert Seamans Cherin & Mellott, LLC,
in Philadelphia, represents Zurich American Insurance Company.


CORBIN PARK: U.S. Trustee Wants Case Converted or Dismissed
-----------------------------------------------------------
Richard A. Wieland, the U.S. Trustee for Region 20, asks the
Bankruptcy Court to enter an order converting the Chapter 11 case
of Corbin Park, L.P., to a case under Chapter 7 or, in the
alternative, dismissing the Debtor's case.

The U.S. Trustee tells the Court that the Debtor has failed to
file a monthly operating report for April 2013, May 2013, and June
2013, thus making it difficult for him to figure out if a recovery
is feasible.  The non-filing of the reports also precludes the
U.S. Trustee from determining if other administrative expenses are
being left unpaid.

Moreover, the U.S. Trustee asserts the Debtor is delinquent on its
payment of the statutory fees in the amount of $1,000 for the
fourth quarter of 2012, first quarter of 2013, and second quarter
of 2013 which includes penalties and interest.

A hearing will be held on Sept. 19, 2013, at 1:30 p.m. to consider
approval of the Motion.

The. U.S. Trustee is represented by:

          Joseph A. DiPietro
          Trial Attorney
          Kan. Fed. Bar No. AR98004
          301 North Main, Suite 1150
          Wichita, Kansas 67202
          316-269-6214
          316-269-6182-FAX
          Joseph.A.DiPietro@usdoj.gov

                         About Corbin Park

Corbin Park, L.P., owns a large portion of a partially developed
97-acre shopping center known as "Corbin Park", which is located
at the intersection of Metcalf Avenue and West 135th Street in
Overland Park, Kansas.  The Debtor acquired the Property from
previous owners and developers State Line LLC and 135 Metcalf LLC.
Invesco Ltd., investing at least $38 million, and Metcalf's in-
house agent Cormac formed Corbin Park to purchase the Property.
Bank of America agreed to advance up to $107 million in
construction loans to Corbin Park.

Based in Omaha, Nebraska, Corbin Park sought Chapter 11 protection
(Bankr. D. Kan. Case No. 10-20014) on Jan. 5, 2010.  Carl R.
Clark, Esq., and Jeffrey A. Deines, Esq., at Lentz Clark Deines
PA, represent the Debtor.  The Debtor estimated $50 million to
$100 million in assets and $10 million to $50 million in debts as
of the Petition Date.


COSTA BONITA: Has Until Oct. 25 to File Amended Plan
----------------------------------------------------
The Bankruptcy Court has given Costa Bonita Beach Resort Inc.
until Oct. 25, 2013, to file an amended plan of reorganization and
amended disclosure statement in order to finalize its settlement
conversation with DF Servicing, LLC.  On that date, the Debtor is
also required to inform the Court on the status of their
settlement.

On Nov. 27, 2012, the Debtor objected to DF Servicing's
proof of claim number 16-1 filed for $5,882,825, consisting of
$3,746,419 for principal, $1,084,454 for pre-petition accrued
interest, and $1,050,000 for liquidated damages.

On Jan. 14, 2013, DF amended POC No. 16-1 through proof of claim
number 16-2 for $5,219,362.  On that same date, DF filed an
opposition to the Debtor's objection.

On April 19, 2013, Debtor filed its reply to the Opposition.

A hearing on the matters was held on May 15, 2013, and DF
Servicing was granted 21 days to submit evidence as to the
reasonability of the legal fees claimed; the Debtor was also
granted 21 days to respond.

On June 25, 2013, the Debtor filed a motion informing the Court
that it and DF Servicing were in the process of attempting to
resolve and simplify the controversies between them, including the
contested matter relative to POC No. 16-2 and objections
thereto.

As a result, the Debtor needed an extension of 60 days to
file its amended plan of reorganization and amended disclosure
statement.

                        About Costa Bonita

Costa Bonita Beach Resort, Inc., owns 50 apartments at the Costa
Bonita Beach Resort in Culebra, Puerto Rico.  It filed a
bankruptcy petition under Chapter 11 of the Bankruptcy Code for
the first time (Bankr. D.P.R. Case No. 09-00699) on Feb. 3, 2009.
During this case, the Court entered an Opinion and Order finding
that the Debtor satisfied all three (3) prongs of the Single Asset
Real Estate, and, as such is a SARE case subject to 11 U.S.C. Sec.
362(d)(3). The Court also entered an Order modifying the automatic
stay to allow creditor DEV, S.E., to continue in state court
proceedings for the removal of the illegal easement and the
restoration of DEV, S.E.'s land to its original condition by the
Debtor.  The first bankruptcy petition was dismissed on May 10,
2011 on the grounds that the Debtor failed to comply with an April
21, 2011 Order and the Debtor's failure to maintain adequate
insurance.  The case was subsequently closed on Oct. 11, 2011.

Costa Bonita Beach Resort filed a second bankruptcy petition
(Bankr. D.P.R. Case No. 12-00778) on Feb. 2, 2012, in Old San
Juan, Puerto Rico.  In the 2012 petition, the Debtor said assets
are worth $15.1 million with debt totaling $14.2 million,
including secured debt of $7.8 million.  The apartments are valued
at $9.6 million while a restaurant and some commercial spaces at
the resort are valued at $3.67 million.  The apartments serve as
collateral for the $7.8 million while the commercial property is
unencumbered.

Bankruptcy Judge Enrique S. Lamoutte presides over the 2012 case.
Charles Alfred Cuprill, Esq., serves as counsel in the 2012 case.
The petition was signed by Carlos Escribano Miro, president.


DAMES POINT: Creditor's Plan to Halt Marina Operations
------------------------------------------------------
The Hon. Jerry A. Frank of the U.S. Bankruptcy Court for the
Middle District of Florida, in an amended notice, will convene a
hearing on Sept. 20, 2013, at 11 a.m., to consider:

   1) confirmation of creditor P&B Marina Development, LLC's Plan
      of Reorganization for Dames Point Holdings, LLC; and

   2) final approval of the accompanying disclosure statement;

   3) P&B Marina's motion for allowance of administrative expense.

On Aug. 14, the Court entered an order conditionally approving the
Disclosure Statement explaining P&B Marina's Plan dated Aug. 6,
2013.

The proponent is an unsecured creditor and partial owner of
Debtor.

According to P&BMarina's Disclosure Statement, proponent will
contribute substantial new equity capital to the Debtor,
subordinate to the Debtor's creditors, and the Debtor's ownership
structure will be correspondingly restructured.  The Proponent
will assume management of Post-Confirmation Debtor, cease current
active marina operations, and use the new equity contributions to
effectuate a deliberate, marketed sale of the Debtor's assets,
allowing for flexibility to also assess the appropriate market
conditions to effectuate a sale or multiple sales.

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

                  About Dames Point Holdings, LLC

P & B Marina Development, LLC filed an involuntary chapter 11 case
against Jacksonville, Florida-based Dames Point Holdings, LLC
(Bankr. M.D. Fla. Case No. 13-00501) on Jan. 29, 2013.  Scott A.
Underwood, Esq., at Fowler White Boggs, P.A. represented the
petitioners.

On March 12, 2013, the Court entered an order vacating the
Feb. 28, 2013, order for relief in involuntary Chapter 11 case.

The Court has consolidated the involuntary Chapter 11 case for all
purposes with the voluntary case of William F. Snafnacker.

Gust G. Sarris, Esq., represents the Debtor in its restructuring
effort.

The U.S. Trustee for Region 21 has informed the Bankruptcy Court
that until further notice, it will not appoint a committee of
creditors in the Chapter 11 case of Dames Point Holdings because
of an insufficient number of unsecured creditors willing or able
to serve on an unsecured creditors committee.


DANCE NEW AMSTERDAM: Seeks Help Keeping Doors Open
--------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that Dance New Amsterdam, a nonprofit New York dance education and
performance center, said it will close its doors for good if it
doesn't raise $50,000.

According to the report, DNA Executive Director Catherine A. Peila
told Bankruptcy Beat on Aug. 29 that the organization, which filed
for Chapter 11 bankruptcy protection in May, is facing a cash
crunch that has threatened its ability to continue operating and
move forward with its restructuring.

"We've haven't been able to garner the funds to have a very
healthy and robust cash flow," Ms. Peila said, the report related.
"We've had to tell the staff that we can't guarantee pay beyond
Sunday [Sept. 1]."

However, if DNA raises $50,000, Ms. Peila said the organization
should be able to continue operating through December, the report
related.  The funding would also give DNA the breathing room it
needs to work with its advisers?bankruptcy heavyweights Debevoise
& Plimpton LLP and Alvarez & Marsal, which are helping DNA pro
bono?on a restructuring plan. The nonprofit is accepting donations
through its website.

The fundraising challenge is the latest battle for a 29-year-old
organization that has struggled for years to continue its mission
of supporting New York dancers and other artists in the face of
such challenges as Sept. 11, Hurricane Sandy, studio renovation
delays and eviction threats, the report said.

New York-based Dance New Amsterdam, Inc., sought protection under
Chapter 11 of the Bankruptcy Code on May 27, 2013 (Bankr. S.D.N.Y.
Case No.: 13-11734).  The Debtor is represented by Irina Kushel,
Esq., at LAW OFFICES OF IRINA KUSHEL, in New York.

The Debtor listed estimated assets of $1,000,001 to $10,000,000
and estimated debts of $1,000,001 to $10,000,000.  The Chapter 11
petition was signed by Catherine A. Peila, executive director.


DEL PUEBLO: Gets More Time to File Plan Thru Sept. 9
----------------------------------------------------
Judge Robert Kwan approved a fourth stipulation between 11850 Del
Pueblo, LLC, and U.S. Bank National Association for an extension
of the Debtor's plan filing deadline through Sept. 9 23, 2013 and
plan confirmation deadline through Nov. 25, 2013.

Jonathan S. Shenson, Esq. and Lauren N. Gans, Esq. of SHENSON
LAW GROUP PC serve as attorneys to the Debtor.

                      About 11850 Del Pueblo

11850 Del Pueblo, LLC, first filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 12-42819) in Los Angeles on Sept. 27, 2012.
The Debtor, a Single Asset Real Estate under 11 Sec. 101(51B),
owns property on 11850 Valley Boulevard, in El Monte, California.
The property, according to the schedules filed together with the
petition, is worth $9 million and secures a $17.5 million claim.
The Court eventually dismissed the bankruptcy case on Oct. 12,
2012, due to the Debtor's failure to timely file certain necessary
documents.

The Debtor filed a second petition (Bankr. C.D. Cal. 12-44726)
on Oct. 15.  Bankruptcy Judge Robert N. Kwan presides over the
case.

Patrick Galentine is the duly appointed state court receiver and
custodian for the Debtor.  Craig A. Welin, Esq., and Reed S.
Wadell, Esq., serve as bankruptcy counsel for the receiver.

U.S. Bank National Association, as trustee, successor-in-interest
to Bank of America, N.A., as Trustee, as successor by merger to
LaSalle Bank National Association, as Trustee, for the Registered
Holders of Deutsche Mortgage & Asset Receiving Corporation
Mortgage Pass-Through Certificates, Series CD2006-CD3, is
represented by Alan M. Feld, Esq., M. Reed Mercado, Esq., and Adam
McNeile, Esq., at Sheppard, Mullin, Richter & Hampton LLP.


DETROIT, MI: Union Asks Judge to Allow Questioning of Governor
--------------------------------------------------------------
Detroit's largest labor union is urging the city's bankruptcy
judge to allow its attorneys to question Gov. Rick Snyder and
other top state officials under oath about decisions that led to
the city's Chapter 9 filing.

The state's lawyers filed a motion Friday asking the Court to
quash the subpoenas, saying they subject the "state employees and
officials to an unnecessary and undue burden."

Chad Livengood, writing for The Detroit News, reported that on
Aug. 30, the Attorney General's Office asked U.S. Bankruptcy Judge
Steven Rhodes to protect Snyder and other state officials from
having to testify under oath in depositions sought by the American
Federation of State, County and Municipal Employees Council 25 and
the United Auto Workers.

On Sept. 1, AFSCME's attorney objected to the state's motion to
quash the subpoenas, arguing the depositions are necessary to
establish a timeline of events that precipitated the governor's
March appointment of Detroit Emergency Manager Kevyn Orr and early
discussions about whether to pursue bankruptcy, The Detroit News
report said.

The union is looking for records and facts that could bolster its
claim the city negotiated in bad faith and is not eligible for
bankruptcy protection, the report related.

"AFSCME is not seeking to pursue a fishing expedition through
discovery, but needs to preserve its rights to obtain any
information that AFSCME deems relevant to its objection to
eligibility," AFSCME attorney Sharon Levine wrote in a court
filing. "Particularly in light of the expedited process pursuant
to which the court will adjudicate the debtor's eligibility to
file for Chapter 9 relief, AFSCME should not be forestalled in
obtaining access to all relevant information to that
determination."

The Free Press relates that attorneys for the Michigan AFSCME
Council 25, the largest city employee union, on Sunday filed
documents in court, arguing that the ability to question top state
officials is "both pertinent and critical to the factual questions
surrounding the state's and the governor's decisions to authorize
the Chapter 9 relief filing."

The Free Press notes that AFSCME attorneys also want to schedule
depositions for state Treasurer Andy Dillon, top Snyder adviser
Richard Baird, Auditor General Thomas McTavish and Frederick
Headen, legal adviser for the Michigan Department of Treasury.

                    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.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.


DIOCESE OF GALLUP, NM: To File Chapter 11 Amid Clergy Abuse Claims
------------------------------------------------------------------
The Associated Press reports that the Diocese of Gallup in New
Mexico plans to seek Chapter 11 protection because of mounting
clergy sex abuse legal claims.  According to the AP, a statement
by Bishop James Wall was read in parishes during Mass over the
Labor Day weekend.

According to the statement, Bishop Wall said the bankruptcy filing
"is the most effective and thoughtful course to take in light of
the claims from those who were abused."

"Under Chapter 11, the Diocese will have the opportunity to
present a plan of reorganization that provides for a fair and
equitable way to compensate all those who suffered sexual abuse as
children by workers for the church in our Diocese those who are
currently known, those who haven't yet made the decision to come
forward, and those who might come forward in the future," Bishop
Wall added.

The Gallup Diocese includes parishes in six counties in New
Mexico, three counties in Arizona and seven American Indian
reservations.

According to the AP, there was no immediate word Tuesday on
whether the diocese had filed the petition.

The AP also notes Robert Pastor, a Phoenix attorney who has filed
13 clergy sex abuse lawsuits against the diocese, said he was
surprised at the announcement since he hadn't received notice from
diocesan attorneys about their intent to file the Chapter 11
petition.  The Gallup Independent reports that Mr. Pastor's first
lawsuit over abuse allegations is scheduled to go to trial in
February 2014.

The Gallup Diocese will become the ninth U.S. Roman Catholic
diocese or archdiocese to seek bankruptcy protection since the
clergy abuse scandal erupted in 2002.  Two Catholic religious
orders have also done so.  The other dioceses or archdioceses to
file for Chapter 11 are in Milwaukee; San Diego; Davenport, Iowa;
Fairbanks, Alaska; Portland, Ore.; Spokane, Wash.; Tucson, Ariz.;
and Wilmington, Del.

CATHOLIC CHURCH BANKRUPTCY NEWS provides gavel-to-gavel coverage
of those bankruptcy proceedings.


DONNER METALS: Forfeits Interest in Bracemac-McLeod After Default
-----------------------------------------------------------------
Donner Metals Ltd. on Sept. 3 disclosed that, as a result of an
uncured default under the Metal Purchase Agreement dated July 12,
2011, entered into by Donner, Sandstorm Metals & Energy Ltd.,
Sandstorm Metals & Energy (Canada) Ltd. and Sandstorm Gold Ltd.,
Donner forfeited its interest in the Bracemac-McLeod mine and mine
property area located in Matagami, Quebec and operated by a
subsidiary of Glencore Xstrata plc.

In summary, Donner, Sandstorm Metals and Sandstorm Gold and
Glencore have agreed the following:

        --  Glencore has issued a 3% net smelter returns royalty
("NSR") to Sandstorm Metals on 100% of production from Bracemac-
McLeod, in consideration for the interest in Bracemac-McLeod
acquired by Sandstorm Metals from Donner and for an option to
acquire certain Donner shares and warrants, as described below.

        --  Sandstorm Metals and Sandstorm Gold have relinquished
their copper stream and their gold stream respectively.

        --  Sandstorm Metals will issue 1.33 million shares of
Sandstorm Metals to Donner and Donner has provided each of
Glencore and Sandstorm Metals with an irrevocable and
unconditional release and discharge of any claim by Donner against
Glencore or Sandstorm Metals and Donner agreed to an orderly
execution of the agreement.

        --  Donner will receive a 1% NSR from Sandstorm Metals and
Sandstorm Gold from any proceeds from the 3% NSR that exceed
CDN$49 million.

As previously disclosed on August 13, 2013, Donner failed to pay
amounts owing under the Development and Operating Agreement dated
as of July 12, 2011 entered into by and between Glencore and
Donner with respect to Donner's share of the approved and budgeted
monthly expenditures with respect to Bracemac-McLeod.

By letter dated August 30, 2013, Sandstorm Metals advised Donner
that, as of August 15, 2013, Donner is in default of the Metal
Purchase Agreement and that there has occurred a Donner event of
default under the Metal Purchase Agreement.

As required by the Intercreditor Agreement dated as of July 12,
2011 entered into by Donner, Sandstorm Metals and Glencore, on
August 30, 2013, Sandstorm Metals delivered to Glencore a notice
of Donner's default under Metal Purchase Agreement.

Donner does not have the cash available to pay the cash call that
was payable on August 12, 2013.

Each of the Development Agreement and the Metal Purchase Agreement
sets out the respective rights and obligations of Glencore and
Sandstorm Metals should there be a default or an occurrence of an
event of default by Donner under the Development Agreement or the
Metal Purchase Agreement, as the case may be.  In both cases, the
exercise by Glencore or Sandstorm Metals of its rights under the
Development Agreement or the Metal Purchase Agreement, as the case
may be, in the case of a default or the occurrence of an event of
default by Donner, is subject to the provisions of the
Intercreditor Agreement.

The Intercreditor Agreement requires each of Glencore and
Sandstorm Metals to deliver to the other a default notice in the
event of the occurrence or existence of an event of default
pursuant to their respective agreements.  Under the Intercreditor
Agreement, Donner and Sandstorm Metals have granted Glencore an
irrevocable right and option to acquire Donner's interest in the
Bracemac-McLeod mine and project and all rights or title related
thereto each time Glencore receives a copy of a default notice.

Upon, the earlier of: (i) Sandstorm Metals becoming aware that
Glencore will not exercise its option, and (ii) the expiry of the
period during which Glencore has the right to exercise its option
(i.e., on the 15th day after the receipt of a default notice),
Sandstorm Metals will have the right to cure any event of default
of Donner under the Development Agreement.

The Intercreditor Agreement has attached thereto the form of
assignment and assumption agreement to be executed and delivered
by Donner, Glencore and the assignee of Donner's interest in
Bracemac-McLeod and all rights or title related thereto if, among
other things, Glencore does not exercise its option and Sandstorm
Metals chooses to purchase Donner's interest in Bracemac-McLeod
and all rights or title related thereto.

In order to memorialize the assumption by Sandstorm Metals of
Donner's interest in Bracemac-McLeod and all rights or title
related thereto, the Metal Purchase Agreement provides that
Sandstorm Metals will execute and deliver the Assignment and
Assumption Agreement and will then forward the same to Donner who
shall immediately execute and deliver the Assignment and
Assumption Agreement.  The Metal Purchase Agreement further
provides that if Donner fails to immediately execute and deliver
the Assignment and Assumption Agreement, then Sandstorm Metals
will have the full and restricted right to sign the Assignment and
Assumption Agreement as attorney in fact for and on behalf of
Donner.

As a result of the interplay between the Metal Purchase Agreement,
the Development Agreement and the Intercreditor Agreement, a
default or an occurrence of an event of default by Donner can
result in the forfeiture of Donner's interest in Bracemac-McLeod
and all rights or title related thereto to either Glencore or
Sandstorm for no or little consideration.

On August 30, 2013, Donner and Sandstorm Metals entered into a
settlement agreement which provides, among other things, for the
manner in which Sandstorm Metals shall exercise its rights
pursuant to the Metal Purchase Agreement, the irrevocable and
unconditional mutual release and discharge by Donner, Glencore and
Sandstorm Metals of each other from any claim, Donner's covenant
not to commence any action or proceeding or to make any claims
whatsoever against Sandstorm Metals or Sandstorm Metals Parent
with respect to what was Donner's interest in Bracemac-McLeod and
all rights or title related thereto and the consideration that
shall be delivered by Sandstorm Metals to Donner in exchange
therefor. See below for a further description of the Settlement
Agreement.

Immediately after the execution and delivery of the Settlement
Agreement, Sandstorm Metals sold to Glencore what was Donner's
interest in Bracemac-McLeod and all rights or title related
thereto pursuant to an agreement of purchase and sale executed by
Sandstorm Metals, Glencore and Donner.  The consideration
Sandstorm Metals received from Glencore under the Purchase and
Sale Agreement includes a 3% NSR on production from certain mining
leases on the terms and conditions set out in a royalty agreement
between Glencore and Sandstorm Metals.

In consideration of Donner's agreement to enter into a tripartite
release which includes the release to Donner of any Bracemac-
McLeod mine closure obligations, to agree to an orderly execution
and delivery of the Assignment and Assumption Agreement, including
its execution of the Settlement Agreement, of the Purchase and
Sale Agreement, Sandstorm Metals has agreed that: (i) Sandstorm
Metals will issue to Donner common shares having a value of
CDN$2.0 million at an issue price per common share equal to the
closing price of the common shares on the date prior to the issue
date, subject to the rules and requirements of the TSX Venture
Exchange from treasury, subject to a hold period equal to four
months plus one day and (ii) Sandstorm Metals will agree to pay to
Donner a certain amount of the proceeds to be received from
Glencore under the Royalty Agreement pursuant to the Sandstorm
Metals' New Royalty; in each case, all on and subject to the terms
and conditions contained in the Settlement Agreement.

In deciding to cooperate with the orderly execution and delivery
of the Assignment and Assumption Agreement, the Board of Directors
of Donner took into account, among other things, the
recommendation of the Special Committee of independent directors
formed to, amongst others, explore, analyze and assess the effect,
desirability and consequences of a full range of strategic
options, including, but not limited to, acquisitions, alliances
with strategic partners, resale arrangements, merger or other
business combination transactions involving the Corporation and a
third party, the sale of all or substantially all of the
Corporation's assets, the sale of the Corporation, the sale of
some of the Corporation's assets, a recapitalization of the
Corporation, proceeding in bankruptcy, reorganization or
arrangement for the appointment of a receiver or trustee or any
other proceeding under any law for the relief of creditors, each
with the objective of enhancing value for all stakeholders of the
Corporation.

The Board of Directors of Donner also considered the impacts that
the exercise of contractual recourses by either one or both of
Glencore and Sandstorm Metal under its respective agreement would
have had on the business, operations, prospects, financial
condition of, or capital of Donner, including the very real
possibility that Donner would lose its interest in Bracemac-McLeod
without receiving any or little consideration therefor.  The Board
of Directors of Donner determined that, in the circumstances, it
was in the best interest of Donner to cooperate with the orderly
execution and delivery of the Assignment and Assumption Agreement
as it was the sole scenario that provided some value to Donner and
a viable possibility to develop a restructuring plan.

Donner continues to hold interests in the remaining five Matagami
joint ventures, where exploration continues.  Going forward,
Donner will evaluate various options to seek maximum value from
those interests. Donner is also committed to manage its
obligations to the Quebec lenders.

The Settlement Agreement

Pursuant to the Settlement Agreement, Donner has agreed to execute
and deliver to, and with, Sandstorm Metals and/or Glencore, the
Settlement Agreement, the Assignment and Assumption Agreement, the
tripartite release and the Purchase and Sale Agreement.

Sandstorm Metals and Donner agreed that effective upon August 30,
2013, without any further or other act or formality by either of
them, and from then on, each of the Metal Purchase Agreement and
the Security Agreement is deemed to be terminated and extinguished
and the parties irrevocably and unconditionally released and
discharged each other and their respective successors and assigns
from any and all claims (with respect to Sandstorm Metals,
including Sandstorm Metals Parent) which they have now or may have
in the future against each other with respect to the Metal
Purchase Agreement and the Security Agreement, other than claims
involving fraud, bad faith, breach of fiduciary duty or willful
misconduct.

Donner also covenanted and agreed not to commence any action or
proceeding or to make any claims whatsoever against Sandstorm
Metals or Sandstorm Metals Parent with respect to the Affected
Assets or the Participating Interest.

Sandstorm Metals will issue to Donner 1.33 million common shares
of Sandstorm Metals.

Sandstorm Metals agreed, that from and after the date upon which
Sandstorm Metals has received an aggregate of the net sum of
CDN$49 million from the Sandstorm Metals' New Royalty under the
Royalty Agreement, Sandstorm Metals shall pay to Donner, a 1% NSR
royalty on sales of ore produced from the mining leases of
Bracemac-McLeod that is subject to the Sandstorm Metals' New
Royalty under the Royalty Agreement.  The Sandstorm Metals To
Donner Royalty shall only be payable and paid by Sandstorm Metals
to Donner to the extent that, and as and when Sandstorm Metals
shall receive royalty payments in respect of the Sandstorm Metals'
New Royalty under the Royalty Agreement.

In order to enable Donner to verify whether or not Sandstorm
Metals has received an aggregate of the net sum of CDN$49 million
from the Sandstorm Metals' New Royalty under the Royalty Agreement
and to enable Donner to verify the receipt by Sandstorm Metals of
royalty payments in respect of the Sandstorm Metals' New Royalty
under the Royalty Agreement: (i) until the Recoupment Date, within
45 days after the end of each calendar year, Sandstorm Metals
shall forward to Donner, all Royalty Statements (if any), received
from Glencore during the said calendar year; and (ii) from and
after the Recoupment Date, upon delivery of 10 business days
advance notice, on a twice yearly basis, Donner or its authorized
representatives shall be entitled, during normal business hours of
Sandstorm Metals, in a manner that does not unreasonably interfere
with Sandstorm Metal's business, to review and examine information
Sandstorm Metals has obtained from Glencore under the Royalty
Agreement.

In the event that: (i) any action shall be commenced against
Sandstorm Metals with respect to the transaction contemplated by
the Settlement Agreement for which a final and unappealable
judgment is obtained that is adverse to the interests of Sandstorm
Metals; or (ii) Donner shall become subject to an insolvency event
(as defined in the Settlement Agreement), regardless of whether or
not the payments from Sandstorm Metals have commenced, then in
each or either of such instances, the obligation of Sandstorm
Metals to pay to Donner the Sandstorm Metals To Donner Royalty
shall terminate and be extinguished.

The Settlement also provides that Sandstorm Metals shall have the
right to set off against any payments of the Sandstorm Metals To
Donner Royalty any amounts that may become due and owing to
Sandstorm Metals from Donner as a result of the indemnification
provisions set out in the Settlement Agreement.  Moreover if the
applicable indemnification results from a breach by Donner of its
representation and warranty with respect to its title in Donner's
interest in Bracemac-McLeod and all rights or title related
thereto, the obligation of Sandstorm Metals to pay to Donner the
Sandstorm Metals To Donner Royalty shall terminate and be
extinguished.  Additionally, if Sandstorm Metals shall owe money
to Glencore as a result of the indemnification provisions of the
Purchase and Sale Agreement and Glencore is entitled to the
recoupment of payments previously made to Sandstorm Metals by
Glencore under the Royalty Agreement, then to the extent that
Donner has received its pro rata share of any such payments that
must be repaid by Sandstorm Metals to Glencore, Donner shall be
obligated to repay to Sandstorm Metals the full pro rata share of
such payments that Donner received.

Glencore Option to Acquire Donner Shares and Warrants

In connection with Glencore's issuance of a 3% NSR to Sandstorm
Metals from Bracemac-McLeod, Glencore acquired from Sandstorm
Metals an option to acquire 40,360,330 Donner common shares and
26,500,000 warrants exercisable for the same number of Donner
common shares.  The option is exercisable for $2 million and the
warrants are exercisable for $0.10 per share.  Assuming Glencore's
exercise in full of its option and the warrants, Glencore would
own approximately 19.5% of Donner's outstanding shares calculated
on a partially diluted basis.

                        About Donner Metals

Donner Metals Ltd. -- http://www.donnermetals.com/-- is a Canada-
based development and exploration company focused on base and
precious metal projects in Quebec.  Donner's flagship project is a
partnership with Xstrata Canada Corporation in the Matagami Mining
Camp covering both the existing development of a new mine and on-
going exploration activities.  The project is located in the
Abitibi region of central Quebec and it is supported by Xstrata's
existing mine infrastructure and an operating 2,950 tons per day
mill.  The Company is a fully vested partner with Xstrata in five
joint venture areas covering 4,737 square kilometers.  It also
holds property interests in the Voisey's Bay area in Labrador and
an ownership interest in Knight Resources Ltd.  Donner's focus is
on exploration for zinc, copper and nickel deposits.  Effective
July 19, 2013, Sandstorm Metals & Energy Ltd raised its interest
to 15.81% from 5.429% in Donner Metals Ltd.


DRYSHIPS INC: Amends Ocean Rig Senior Secured Facility Agreement
----------------------------------------------------------------
DryShips Inc. and through its majority owned subsidiary, Ocean Rig
UDW Inc., of offshore deepwater drilling services, on Sept. 3
disclosed that Ocean Rig:

$1.35 billion Bank Facility Ocean Rig disclosed that it has signed
a supplemental agreement to amend certain provisions in its $1.35b
Senior Secured Facility dated February 28, 2013.

Under the terms of the agreement, the existing dividend
restriction of up to 50% of preceding fiscal year net income will
be amended to apply on a cumulative basis from July 1, 2013
onwards (50% of cumulative net income and 100% of cumulative
losses) and include a carve-out to pay additional dividends up to
the higher of (i) $150m and (ii) 5% of the Ocean Rig's net
tangible assets.

Furthermore, the minimum interest coverage ratio requirement will
be 2.0 times until June 30, 2015 and the maximum leverage ratio
will be 6.5 times until June 30, 2014, 6.0 times until December
31, 2014 and 5.5 times until June 30, 2015.

George Economou, Chairman and Chief Executive Officer of Ocean
Rig, commented:

"We are pleased that our syndicate of commercial banks and export
credit agencies agreed to our request to amend certain provisions
in their facility.  These amendments will harmonize our restricted
payment provisions and certain financial covenants with those of
our other secured term loan facilities and notes."

Delivery of the Ocean Rig Mylos Ocean Rig disclosed that on
August 20, 2013, it successfully took delivery of its newbuilding
drillship the Ocean Rig Mylos.  The Ocean Rig Mylos is the first
in the series of three 7th Generation Ultra Deepwater Drillships,
Ocean Rig expects to take delivery in 2013.  The drillship is
currently mobilizing to offshore Brazil and is expected to
commence drilling operations under the 3-year drilling contract
with Repsol Sinopec Brasil S.A. by November 2013.

Order of 7th Generation Ultra Deepwater Drillship Ocean Rig
announced that it has signed a contract to construct a 7th
generation ultra deepwater drillship at Samsung Heavy Industries.
This 7th Generation drillship is a sister ship to the three (Ocean
Rig Skyros, Ocean Rig Athena, Ocean Rig Apollo) drillships
currently under construction at Samsung, and is scheduled to be
delivered to the Ocean Rig in December 2015.  The project value
price is estimated to be approximately US$600 million.  Ocean Rig
has at no additional consideration a fixed priced option,
declarable by November 2013, for an additional drillship for
delivery in the first quarter of 2016.

George Economou, Chairman and Chief Executive Officer of Ocean
Rig, commented:

"We have taken advantage of our strong balance sheet and our long-
term relationship with Samsung to order at a very attractive price
an additional newbuild drillship, sistership to our existing 7th
generation ultra deepwater drillships.  We expect that our new
drillship will be financed through a combination of available cash
and debt to be secured prior to the delivery of the drillship in
December 2015.

With all of our 2013 newbuild drillships as well as our first 2015
newbuild drillship, the Ocean Rig Apollo, already contracted to
investment grade counter-parties, we are setting the stage for
moderate growth going forward.  We believe that the ultra-
deepwater ("UDW") drilling market for high quality assets will
remain strong in the foreseeable future and are excited about the
future employment prospects of our high quality homogeneous
fleet."

Contract Extension for the Eirik Raude Ocean Rig disclosed that
Lukoil exercised its options for an additional two-well program
under the previously announced Contract Award for Ocean Rig's
semi-submersible drilling rig Eirik Raude.  The revised drilling
contract is for a firm six-well program and the rig is now
expected to be available for employment the earliest by
December 2014.

                       About DryShips Inc.

Headquartered in Athens, Greece, DryShips Inc. (NASDAQ: DRYS) is
an owner of drybulk carriers and tankers that operate worldwide.
Through its majority owned subsidiary, Ocean Rig UDW Inc.,
DryShips owns and operates 10 offshore ultra deepwater drilling
units, comprising of 2 ultra deepwater semisubmersible drilling
rigs and 8 ultra deepwater drillships, 3 of which remain to be
delivered to Ocean Rig during 2013 and 1 is scheduled for
delivery during 2015.  DryShips owns a fleet of 46 drybulk
carriers (including newbuildings), comprising of 12 Capesize, 28
Panamax, 2 Supramax and 4 Very Large Ore Carriers (VLOC) with a
combined deadweight tonnage of about 5.1 million tons, and 10
tankers, comprising 4 Suezmax and 6 Aframax, with a combined
deadweight tonnage of over 1.3 million tons.

The Company reported a net loss of US$288.6 million on
US$1.210 billion of revenues in 2012, compared with a net loss of
US$47.3 million on US$1.078 billion of revenues in 2011.

The Company's balance sheet at Dec. 31, 2012, showed
US$8.878 billion in total assets, US$5.010 billion in total
liabilities, and shareholders' equity of US$3.868 billion.

                       Going Concern Doubt

Ernst & Young (Hellas), in Athens, Greece, expressed substantial
doubt about DryShips Inc.'s ability to continue as a going
concern, citing the Company's working capital deficit of
US$670 million at Dec. 31, 2012, and in addition, the non-
compliance by the shipping segment with certain covenants of its
loan agreements with banks.

As of Dec. 31, 2012, the shipping segment was not in compliance
with certain loan-to-value ratios contained in certain of its
loan agreements.  In addition, as of Dec. 31, 2012, the shipping
segment was in breach of certain financial covenants, mainly the
interest coverage ratio, contained in the Company's loan
agreements relating to US$769,098,000 of the Company's debt.  As
a result of this non-compliance and of the cross default
provisions contained in all bank loan agreements of the shipping
segment and in accordance with guidance related to the
classification of obligations that are callable by the creditor,
the Company has classified all of its shipping segment's bank
loans in breach amounting to US$941,339,000 as current at
Dec. 31, 2012.


EASTMAN KODAK: Completes Final Steps in Chapter 11 Restructuring
----------------------------------------------------------------
Antonio M. Perez, Kodak Chairman and Chief Executive Officer, on
Sept. 3 announced the company's emergence from Chapter 11 as a
reorganized company, following completion of the final steps in
the restructuring process.

"We have emerged as a technology company serving imaging for
business markets -- including packaging, functional printing,
graphic communications and professional services," said Mr. Perez.
"We have been revitalized by our transformation and restructured
to become a formidable competitor -- leaner, with a strong capital
structure, a healthy balance sheet, and the industry's best
technology."

Kodak completed the final steps in its Chapter 11 restructuring,
including the spin-off of its Personalized Imaging and Document
Imaging businesses to Kodak Pension Plan, a longstanding pension
plan of Kodak's U.K. subsidiary.  The company also successfully
closed on its agreement for $695 million in term exit financing,
paid off its DIP lenders and second lien noteholders in full and
completed its rights offerings, receiving approximately $406
million of new equity investments from participating unsecured
creditors.

"We are setting a trajectory for profitable growth," Mr. Perez
said.  "We have the right technology at the right time as printing
markets increasingly transition to digital.  Our broad portfolio
of offset, hybrid and digital solutions enables customers to make
the transition at their chosen pace using our breakthrough
technology solutions.

"We thank our employees for their extraordinary skills and
commitment.  We thank our suppliers for their dedication.  We
thank our customers and partners for their loyalty and for
inspiring us to create disruptive technologies and breakthrough
solutions."

The company has filed notice of the effectiveness of its Plan of
Reorganization with the U.S. Bankruptcy Court for the Southern
District of New York.  Upon the effectiveness of the Plan, all
previously issued and outstanding shares of Kodak common stock
were cancelled, as were all other previously issued and
outstanding equity interests.  Kodak issued shares of a new class
of common stock to participants in the rights offerings and will
issue additional shares of this new class of common stock to
unsecured creditors as provided in the Plan of Reorganization.
Kodak expects to make initial distributions on account of general
unsecured claims by the end of September.

Kodak will file a report on Form 8-K with the Securities and
Exchange Commission including more details.

                       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.


EASTMAN KODAK: Seeks Court Approval to Reject EBP Contracts
-----------------------------------------------------------
Eastman Kodak Co. asked U.S. Bankruptcy Judge Allan Gropper for
green light to reject five contracts tied to its utility
operations at the Eastman Business Park.

The contracts have not been assumed and assigned to RED-Rochester
LLC, the company that bought Kodak's utility operations at its
manufacturing site.  A list of the contracts is available for free
at http://is.gd/esPVrw

A court hearing to consider approval of Kodak's request is
scheduled for Sept. 16.  Objections are due by Sept. 9.

                       About Eastman Kodak

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

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

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

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

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

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

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

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

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

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


EASTMAN KODAK: Court Approves Cancellation of Outstanding Stock
---------------------------------------------------------------
The Bankruptcy Court entered an order confirming the Joint Chapter
11 Plan of Reorganization of Eastman Kodak Company and its debtor
affiliates, thereby approving the cancellation of all outstanding
shares of stock thereunder.  Existing stock will be cancelled as
of the date that the Plan becomes effective.  Until then, it may
continue to be traded as Kodak does not control the market.

The Debtors filed the Plan and the accompanying Disclosure
Statement on April 30, 2013, with the United States Bankruptcy
Court for the Southern District of New York.  The Disclosure
Statement was approved by the Bankruptcy Court on June 26, 2013,
as containing adequate information for creditors to vote on the
Plan.  Kodak has filed various amendments and supplements to the
Plan.  Voting on the Plan closed on Aug. 9, 2013, with acceptance
from all classes of voting creditors.

                        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.


ELEPHANT TALK: Amends Report on Issuance of 1-Mil. Warrants
-----------------------------------------------------------
Elephant Talk Communications Corp. disclosed on Aug. 22, 2013,
that it issued a warrant to Bernard Moncarey to purchase 1,000,000
shares of restricted common stock.  The Company disclosed that the
Warrant is exercisable at any time on or after Feb. 17, 2013, at a
price of $0.887 per share for a term of five years.  The Company
filed an amendment to the report to correct its disclosure about
the exercise date of the Warrant.  The Warrant is exercisable at
any time on or after Feb. 17, 2014.

                        About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk disclosed a net loss attributable to the Company of
$23.13 million in 2012, a net loss attributable to the Company of
$25.31 million in 2011 and a net loss attributable to the Company
of $92.48 million in 2010.  The Company's balance sheet at
March 31, 2013, showed $34.47 million in total assets, $18.29
million in total liabilities, and $16.18 million in total
stockholders' equity.

BDO USA, LLP, 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 has an accumulated
deficit of $203.3 million and continues to generate negative cash
flows that raise substantial doubt about its ability to continue
as a going concern.


ELBIT IMAGING: Annual Shareholders Meeting Set on Sept. 30
----------------------------------------------------------
Elbit Imaging Ltd. has scheduled its 2013 annual shareholders
meeting on Sept. 30, 2013, at 11:00 a.m. (Israel time), at the
offices of the Company, located at 5 Kinneret Street, Bnei Brak,
Israel.  The record date for the meeting is Sept. 1, 2013.

Proxy statements describing the proposals on the agenda and proxy
cards for use by shareholders that cannot attend the meeting in
person will be sent by mail, on or about Sept. 3, 2013, to the
Company's shareholders of record and to shareholders that hold
shares registered with the American Stock Transfer & Trust
Company.  The Company will also furnish the proxy statement to the
U.S. Securities and Exchange Commission on Form 6-K.

The agenda of the meeting is as follows:

1. To re-elect the following members of the Company's Board of
   Directors: Mordechay Zisser, Shimon Yitzhaki, David Rubner,
   Moshe Lion and Shmuel Peretz;

2. To re-elect Zvi Tropp as one of the Company's external
    directors;

3. To re-appoint Brightman Almagor Zohar & Co., a member of
   Deloitte, as the Company's independent auditors until the next
   annual general meeting of shareholders; and

4. To discuss the Company's financial statements for the year
   ended Dec. 31, 2012.

Items 1 and 3 require the approval of a simple majority of the
shares voted on the matter.

Item 2 requires the approval of a majority of the shares voted on
the matter, provided that such majority includes a majority of
shareholders who are neither "controlling shareholders" nor have a
"personal interest" merely as a result of relationship with the
controlling shareholder; or the total number of shares voted
against the resolution by the disinterested shareholders does not
exceed 2 percent of the company's voting power.

Item 4 will not require a vote of the shareholders.

                        About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Elbit Imaging disclosed a loss of NIS455.50 million on NIS671.08
million of total revenues for the year ended Dec. 31, 2012, as
compared with a loss of NIS247.02 million on NIS586.90 million of
total revenues for the year ended Dec. 31, 2011.  The Company's
balance sheet at Dec. 31, 2012, showed NIS7.09 billion in total
assets, NIS5.67 billion in total liabilities, NIS309.60 million in
equity to holders of the Company and NIS1.11 billion in
noncontrolling interest.

Brightman Almagor Zohar & Co., in Tel-Aviv, Israel, expressed
substantial doubt about Elbit Imaging's ability to continue as a
going concern following the financial results for the year ended
Dec. 31, 2012.

The Certified Public Accountants noted that in the period
commencing Feb. 1, 2013, through Feb. 1, 2014, the Company is to
repay its debenture holders NIS 599 million (principal and
interest).  "Said amount includes NIS 82 million originally
payable on Feb. 21, 2013, that its repayment was suspended
following a resolution of the Company's Board of Directors.  The
Company's Board also resolved to suspend any interest payments
relating to all the Company's debentures.  In addition, as of
Dec. 31, 2012, the Company failed to comply with certain financial
covenants relating to bank loans in the total amount as of such
date of NIS 290 million.


ELITE PHARMACEUTICALS: Inks Master Services Pact with Camargo
-------------------------------------------------------------
Elite Pharmaceuticals, Inc., executed a Master Services Agreement
with Camargo Pharmaceutical Services, LLC, pursuant to which
Camargo will provide various services to assist Elite with the
U.S. Food and Drug Administration 505(b)(2) regulatory pathway for
the products utilizing the Company's abuse resistant technology.
Elite is scheduled to begin clinical studies with the initial
product later this year.

A 505(b)(2) is a new drug application that contains full safety
and effectiveness reports, but allows at least some of the
information required for approval to come from studies not
conducted by or for the applicant.  This method is a holistic
approach for developing products that offer differentiated
benefits and gains approval for new drugs in a fraction of the
time and cost required by traditional paths.  Conducting clinical
trials does not assure a successful outcome or FDA approval.

Camargo is a full-service drug development partner specializing in
the 505(b)(2) process -- an approach for developing products that
offer differentiated benefits.  Camargo is capable of managing
every facet of the plan throughout the development continuum, from
feasibility assessments, formulation and testing the drug product,
to conducting preclinical and clinical studies, to final
submission.

                     About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite Pharmaceuticals reported net income attributable to common
shareholders of $1.48 million on $3.40 million of total revenues
for the year ended March 31, 2013, as compared with a net loss
attributable to common shareholders of $15.05 million on $2.42
million of total revenues for the year ended March 31, 2012.
As of March 31, 2013, the Company had $11.12 million in total
assets, $19.79 million in total liabilities and a $8.67 million
total stockholders' deficit.

Demetrius Berkower LLC, in Wayne, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended March 31, 2013.  The independent auditors noted
that the Company has experienced significant losses resulting in a
working capital deficiency and shareholders' deficit.  These
conditions raise substantial doubt about its ability to continue
as a going concern.


ENNIS COMMERCIAL: Plan Administrator Hires Katten Muchin
--------------------------------------------------------
David P. Stapleton of the Stapleton Group, solely in his capacity
as plan administrator for Ben Ennis, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of California to employ
Katten Muchin Rosenman LLP as special real estate and corporate
counsel, nunc pro tunc to July 13, 2013.

Katten's attorneys have been working with the Plan Administrator
and his team since July 13, 2013, to review the Debtor's assets
and perform due diligence in  preparation for the role of Plan
Administrator.

The primary attorneys who will be working on this matter, and who
will be paid based on their hourly rates are:

    Professional          Position     Rate
    ------------          --------     ----
    William B. Freeman    Partner      $700
    Douglas W. Pyle       Associate    $455
    Jennifer K. Brooks    Associate    $410

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

Mr. Freeman assures the Court that Katten does not hold or
represent any interest materially adverse to the interests of the
estate or any class of creditors or equity security holders.

The Court will convene a hearing on the application on
September 11, 2013, at 1:30 p.m.

The proposed special real estate and corporate counsel may be
reached at:

   William B. Freeman, Esq.
   Jennifer F. Brooks, Esq.
   KATTEN MUCHIN ROSENMAN LLP
   515 S. Flower Street, Suite 1000
   Los Angeles, CA 90071-2212
   Telephone: 213-788-7445
   Facsimile: 213-788-7380
   E-mail: bill.freeman@kattenlaw.com
           jennifer.brooks@kattenlaw.com

                      About Ennis Commercial

Porterville, California-based Ennis Commercial Properties, LLC's
business consists of acquiring raw land and building commercial
developments.  The Company then either operates or sells the
commercial buildings comprising the commercial development.

ECP is owned by Ben Ennis, Brian Ennis and Pamela Ennis, in equal
shares.  On Sept. 20, 2010, Pam Ennis and Brian Ennis transferred
all of their ownership interests in ECP to Ben Ennis.  ECP filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Calif. Case No.
10-12709) on March 16, 2010.

Peter L. Fear, Esq., and Gabriel J. Waddell, Esq., at the Law
Offices of Peter L. Fear, in Fresno, Calif., represent ECP as
counsel.  No creditors committee has been formed in the case.
In its schedules, the Debtor disclosed $40,878,319 in assets and
$43,922,485 in liabilities.

Ben Ennis filed a voluntary petition under Chapter 11 (Bankr. E.D.
Calif. Case No. 10-62315) on Oct. 25, 2010.

On May 25, 2011, Terence Long was appointed as Chapter 11 Trustee
in the Benn Ennis bankruptcy.  Consequently, the Chapter 11
Trustee stands in the shoes of Ben Ennis, and holds all of the
membership interests in ECP and controls it accordingly.  Justin
D. Harris, Esq., at Motschiedler, Michaelides, Wishon, Brewer &
Ryan, LLP, in Fresno, represents the Chapter 11 Trustee as
counsel.


ESP RESOURCES: Amends Second Quarter Form 10-Q
----------------------------------------------
ESP Resouces, Inc., has amended its quarterly report on Form 10-Q
for the period ended June 30, 2013, as filed with the U.S.
Securities and Exchange Commission on Aug. 19, 2013, 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
Original 10-Q.  A copy of the amended Form 10-Q is available for
free at http://is.gd/ZGOxYL

                        About ESP Resources

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.

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.


FAIRMONT GENERAL: Files for Chapter 11 in West Virginia
-------------------------------------------------------
Fairmont General Hospital sought Chapter 11 bankruptcy protection
(Bankr. N.D. W.Va. Case No. 13-_____) Tuesday afternoon, listing
between $10 million and $50 million in both assets and debts.

Bob Herman, writing for Becker's Hospital Review, reports that
Fairmont General Hospital filed for bankruptcy as it looks to
partner with another hospital or health system.

"We're moving forward to take this action now because we know it
is necessary to make us financially and operationally stronger and
to pave a smoother transition when we do find the right partner,"
Robert Marquardt, president and CEO of Fairmont General Hospital,
said in a news release, according to the report. "During our
search, our financial advisers and nearly every potential partner
has identified that this step is necessary to the successful
completion of a financially strong strategic alliance."

The report notes hospital officials expect to restructure long-
term debt and union contracts to "bring costs in line with local,
regional and national norms in the healthcare sector."

According to the report, executives and board members of the 207-
bed independent hospital said the bankruptcy process should be
complete within the next 12 months.

The report says employees and vendors are still expected to get
paid.


FLETCHER INTERNATIONAL: Trustee Revises Goldin Compensation
-----------------------------------------------------------
The Hon. Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York approved an amended and restated
engagement letter between Richard J. Davis, the trustee appointed
in the Chapter 11 case of Fletcher International Ltd., and Goldin
Associates, LLC, dated as of June 1, 2013.

As reported in the Troubled Company Reporter on Aug. 1, 2013, the
Court entered a Nov. 12, 2012 order authorizing the employment of
Goldin as special consultant to the trustee.  Pursuant to the
original engagement letter dated Oct. 5, 2012, the trustee agreed
to compensate Goldin at the firm's regular hourly rates less a 10%
discount and to reimburse Goldin for all reasonable and necessary
expenses.

Due to liquidity constraints on the Debtor's estate, the Chapter
11 trustee is unable to continue paying Goldin on a current basis
for its work under the compensation structure approved in the
original engagement letter.

In this relation, the Chapter 11 trustee trustee and Goldin have
agreed to modify the compensation structure.  Pursuant to the
revised engagement letter, Goldin will be compensated for its
services in this manner:

   a) Goldin will continue to keep contemporaneous records of
      the services Goldin has performed during the term of
      Goldin's engagement at the rates set forth in the revised
      engagement letter.

   b) Goldin will receive a monthly payment equal to the lesser
      of (i) $125,000 and (ii) the hourly fees for the applicable
      month and will be reimbursed for all reasonable and
      necessary expenses.

   c) Goldin may apply to the Court for additional compensation
      equal to the amount of any Hourly Fees billed since June 1,
      2013, plus 10 percent less any monthly payments already
      received.

The revised engagement letter will not affect Goldin's right to
any fees or expenses from the period beginning Oct. 5, 2012,
through and including May 31, 2013.

                   About Fletcher International

Fletcher International, Ltd., filed a bare-bones Chapter 11
petition (Bankr. S.D.N.Y. Case No. 12-12796) on June 29, 2012, in
Manhattan.  The Bermuda exempted company estimated assets and
debts of $10 million to $50 million.  The bankruptcy documents
were signed by its president and director, Floyd Saunders.

David R. Hurst, Esq., at Young Conaway Stargatt & Taylor, LLP, in
New York, serves as counsel and Appleby (Bermuda) Limited serves
as special Bermuda counsel.  The Debtor disclosed $52,163,709 in
assets and $22,997,848 in liabilities as of the Chapter 11 filing.

Fletcher International Ltd. is managed by the investment firm of
Alphonse "Buddy" Fletcher Jr.

Fletcher Asset Management was founded in 1991.  During its initial
four years, FAM operated as a broker dealer trading various debt
and equity securities and making long-term equity investments.
Then, in 1995, FAM began creating and managing a family of private
investment funds.

The Debtor is a master fund in the Fletcher Fund structure.  As a
master fund, it engages in proprietary trading of various
financial instruments, including complex, long-term, illiquid
investments.

The Debtor is directly owned by Fletcher Income Arbitrage Fund and
Fletcher International Inc., which own roughly 83% and 17% of the
Debtor's common shares, respectively.  Arbitrage's direct parent
entities are Fletcher Fixed Income Alpha Fund and FIA Leveraged
Fund, both of which are incorporated in the Cayman Islands and are
subject to liquidation proceedings in that jurisdiction, and which
own roughly 76% and 22% of Arbitrage's common stock, respectively.
The Debtor currently has a single subsidiary, The Aesop Fund Ltd.

After filing for Chapter 11 protection, Fletcher immediately
started a lawsuit in bankruptcy court to stop the involuntary
bankruptcy in Bermuda.  Judge Gerber at least temporarily halted
liquidators appointed in the Cayman Islands from moving ahead with
proceedings in Bermuda.  The lawsuit to halt the Bermuda
liquidation is Fletcher International Ltd. v. Fletcher Income
Arbitrage Fund, 12-01740, in the same court.

Richard J. Davis, Chapter 11 trustee appointed in the case, has
hired Michael Luskin, Esq. at Luskin, Stern & Eisler LLP as his
counsel.


FOURTH QUARTER PROPERTIES: Seeks Plan Exclusivity Until Oct. 16
---------------------------------------------------------------
In an amendment to an exclusivity extension motion filed July 3,
2013, Fourth Quarter Properties XXXVIII, LLC, asks the U.S.
Bankruptcy Court for the Northern District of Georgia to extend
the Debtor's exclusive periods to file and obtain acceptances of a
plan until Oct. 16, 2013, and 2013, respectively.  The Court is
scheduled to consider the Exclusivity Motion on Sept. 13, 2013.

According to papers filed with the Court on August 30, after the
filing of the Exclusivity Motion, the Debtor reached a settlement
in principle in this case with its secured lenders, Cornerstone
Commercial Mortgages, LLC, and CharterBank.  The Court is
scheduled to consider the Settlement Motion on Sept. 13, 2013.

"Because the Court will not consider the Settlement Motion until
after Sept. 3, 2013 date for which the Debtor seeks an extension
of the exclusivity period for filing a plan, the Debtor out of an
abundance of caution is compelled to amend its Exclusivity Motion
to seek an extension of the exclusive period for filing a plan to
a date which is after the date on which the Court will consider
the Settlement Motion," the Debtor said.

As reported in the TCR on July 10, 2013, the Debtor asked that the
Court extend its exclusive periods to file and solicit acceptances
of a plan for 60 days, through and including Sept. 3, 2013, and
Nov. 2, respectively.

                 About Fourth Quarter Properties

Fourth Quarter Properties XXXVIII, LLC, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 13-10585) in Newnan, Georgia,
on March 5, 2013.  The Debtor is a single asset real estate debtor
as defined in 11 U.S.C. Sec. 101(51B) and has property in 45, 47
& 59 Ansley Drive, in Newnan.  The Debtor estimated at least
$10 million in assets and at least $1 million in liabilities as of
the Chapter 11 filing.

Austin E. Carter, Esq., and Matthew Stewart Cathey, Esq., at Stone
& Baxter, LLP, in Macon, Georgia, serves as the Debtor's counsel.

Ryan R. Hendley, Esq. -- rhendley@rrllaw.com -- at Reynolds,
Reynolds & Little, LLC represents creditor Cornerstone Commercial
Mortgages, LLC, and Lynn Carroll, Esq. -- lcarroll@sglegal.com --
at Siegel & Golder, P.C., represents creditor Charter Bank.


FREESEAS INC: Issues 1.3-Mil. Add'l Settlement Shares to Hanover
----------------------------------------------------------------
FreeSeas Inc. issued and delivered to Hanover Holdings I, LLC,
1,350,000 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. 22, 2013, the Company
issued and delivered to Hanover an aggregate of 18,008,000
additional settlement shares.

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

                         http://is.gd/spuDV3

                          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.


FURNITURE BRANDS: To Voluntarily Delist Common Stock From NYSE
--------------------------------------------------------------
Furniture Brands International said it will voluntarily delist its
common stock from The New York Stock Exchange and transfer
quotation of its common stock to the OTCQB Marketplace.  The
Company's decision to voluntarily delist the common stock and
transfer to the OTCQB was driven by a number of factors, including
its non-compliance with the NYSE's market capitalization and
stockholders' equity requirements.

The Board of Directors  approved the voluntary transfer of listing
of the Company's common stock and the related Preferred Stock
Purchase Rights from the New York Stock Exchange to the OTCQB
Marketplace.

The Company expects to file an application on Form 25 to notify
the U.S. Securities and Exchange Commission of its withdrawal of
its common stock from listing on the NYSE.  The Company expects
that the last day of trading of its common stock on the NYSE will
be on or about Aug. 27, 2013, and that the next trading day will
be the first day of quotation on the OTCQB.

The Company will issue a subsequent press release confirming the
first trading date on the OTCQB and the trading symbol for the
OTCQB before the transfer occurs.  Following the transfer, the
company will continue to file the same periodic reports and other
information it currently files with the SEC.

On July 10, 2013, the company received a notice from the NYSE that
it had fallen below the NYSE's continued listing criteria
requiring listed companies to maintain an average market
capitalization of not less than $50 million over a consecutive 30
trading-day period and total stockholders' equity of not less than
$50 million.  On July 15, 2013, the company announced its
intention, in accordance with NYSE rules, to submit a business
plan to the NYSE within 45 days from the notice date to attempt to
demonstrate its ability to cure the non-compliance within an 18-
month period.  Subsequently, the Company's absolute market
capitalization has fallen below $15 million.  If the company's
average market capitalization for 30 trading-days is below $15
million, the company will be subject to initiation of delisting
procedures by the NYSE without regard to the submission of a
business plan for attempting to cure non-compliance.  As a result,
and in light of its decision to voluntarily delist, the Company
has informed the NYSE that it will not be submitting a business
plan.

The Company made the decision to voluntarily delist from the NYSE
because it believes it will not be able to comply with the NYSE's
continued listing criteria.  The company believes that this
voluntary transfer to the OTCQB will provide greater certainty and
assist in an orderly transition.

                       About Furniture Brands

Furniture Brands International (NYSE: FBN) is a world leader in
designing, manufacturing, sourcing and retailing home furnishings.
Furniture Brands markets products through a wide range of
channels, including company owned Thomasville retail stores and
through interior designers, multi-line/ independent retailers and
mass merchant stores.  Furniture Brands serves its customers
through some of the best known and most respected brands in the
furniture industry, including Thomasville, Broyhill, Lane, Drexel
Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.  To learn more about the company,
visit www.furniturebrands.com.


GORDON PROPERTIES: Stites & Harbison Wants Ch.7 Case Conversion
---------------------------------------------------------------
Robert E. Scully, Esq. -- rscully@stites.com -- at Stites &
Harbison, PLLC, last month filed papers asking the Bankruptcy
Court to convert the Chapter 11 case of Gordon Properties, LLC, to
one under Chapter 7 of the Bankruptcy Code, or, in the
alternative, appoint a Chapter 11 trustee.

Stites & Harbison filed a proof of claim for a $237,755 unsecured
claim representing unpaid legal fees for representation of the
Debtor in Gordon Properties, LLC v. First Owners' Association of
Forty Six Hundred Condominium, Inc.

According to Stites & Harbison, the Debtor, among other things:

   -- has made no effort during the last four years to file any
      plan of reorganization;

   -- is administratively insolvent; and

   -- has no ability to rehabilitate.

                      About Gordon Properties

Alexandria, Va.-based Gordon Properties, LLC, owns 40 condominium
units in a high-rise apartment building with both residential and
commercial units and two commercial units adjacent to the high-
rise building.  Gordon Properties' ownership of these condos
represents about a 20% interest in the Forty Six Hundred
Condominium project -- http://foa4600.org/-- in Alexandria.
Gordon Properties also owns one of the adjacent commercial units,
a restaurant.  Gordon Properties sought Chapter 11 protection
(Bankr. E.D. Va. Case No. 09-18086) on Oct. 2, 2009, and is
represented by Donald F. King, Esq., at Odin, Feldman & Pittleman
PC in Fairfax, Va.  Gordon Properties disclosed $11,149,458 in
assets and $1,546,344 in liabilities.

Condominium Services filed its chapter 11 petition (Bankr. E.D.
Va. 10-10581) on Jan. 26, 2010. It scheduled one creditor, the
condominium association, with a disputed claim of $436,802.00.
The association filed a proof of claim asserting a claim of
$453,533.12.  A second proof of claim was filed by the Internal
Revenue Service for $1,955.45.  According to its schedules, if
both claims are allowed, it has a net deficit of about $426,900.
CSI is wholly owned by Gordon Properties.

In February 2012, Judge Mayer denied the motion of the association
to substantively consolidate the chapter 11 bankruptcy cases of
Gordon Properties and Condominium Services, Inc., the condominium
management company.

Gordon Properties and CSI opposed the motion.  The two cases were
previously administratively consolidated.

Stephen E. Leach has been appointed as examiner in the Debtor's
case.  Leach Travell Britt, PC, represents the examiner as
counsel.


GORDON PROPERTIES: Sept. 20 Hearing on First Owners Settlement
--------------------------------------------------------------
The Hon. Robert G. Mayer of the U.S. Bankruptcy Court for the
Eastern District of Virginia will convene a hearing on Sept. 12,
2013, at 9:30 a.m., to consider the approval of settlement between
Gordon Properties, LLC, et al., and First Owners' Association of
Forty Six Hundred Condominium, Inc.

The Court also scheduled evidentiary hearings on Sept. 20, at
9:30 a.m. on these matters:

   i. the Debtors' motion for award of attorney's fees to
      prevailing party;

  ii. joint motion to approve service agreement with Condominium
      Services, Inc.; and

iii. U.S. Trustee's motion to appoint Chapter 11 trustee.

Additionally, on Sept. 20, the Court will hold a status hearing to
consider these matters:

   A. motion for substantive consolidation; and

   B. motion to stay garnishment.

                      About Gordon Properties

Alexandria, Va.-based Gordon Properties, LLC, owns 40 condominium
units in a high-rise apartment building with both residential and
commercial units and two commercial units adjacent to the high-
rise building.  Gordon Properties' ownership of these condos
represents about a 20% interest in the Forty Six Hundred
Condominium project -- http://foa4600.org/-- in Alexandria.
Gordon Properties also owns one of the adjacent commercial units,
a restaurant.  Gordon Properties sought Chapter 11 protection
(Bankr. E.D. Va. Case No. 09-18086) on Oct. 2, 2009, and is
represented by Donald F. King, Esq., at Odin, Feldman & Pittleman
PC in Fairfax, Va.  Gordon Properties disclosed $11,149,458 in
assets and $1,546,344 in liabilities.

Condominium Services filed its chapter 11 petition (Bankr. E.D.
Va. 10-10581) on Jan. 26, 2010. It scheduled one creditor, the
condominium association, with a disputed claim of $436,802.00.
The association filed a proof of claim asserting a claim of
$453,533.12.  A second proof of claim was filed by the Internal
Revenue Service for $1,955.45.  According to its schedules, if
both claims are allowed, it has a net deficit of about $426,900.
CSI is wholly owned by Gordon Properties.

In February 2012, Judge Mayer denied the motion of the association
to substantively consolidate the chapter 11 bankruptcy cases of
Gordon Properties and Condominium Services, Inc., the condominium
management company.

Gordon Properties and CSI opposed the motion.  The two cases were
previously administratively consolidated.

Stephen E. Leach has been appointed as examiner in the Debtor's
case.  Leach Travell Britt, PC, represents the examiner as
counsel.


GRAND CENTREVILLE: Obtains Approval to Use Cash Collateral
----------------------------------------------------------
Judge Robert G. Mayer of the U.S. Bankruptcy Court for the Eastern
District of Virginia authorized Grand Centreville, LLC, on an
interim basis, to use cash collateral in a manner consistent with
a budget.  The Court held that without the interim use of Cash
Collateral, the estate will suffer immediate and irreparable harm.

As reported by the TCR on Aug. 22, 2013, the Debtor specifically
needs cash to pay vendors, pay its lender, meet ongoing
operational expenses, satisfy current payment obligations to
lessors and utilities, maintain current insurance policies, and
preserve and protect its assets.

The Debtor is the recipient of a $27 million prepetition note
loan, now held by Wells Fargo Bank, N.A., as trustee for the
registered holders of J.P. Morgan Chase Commercial Mortgage
Securities Corp., Commercial Mortgage Pass-Through Certificates,
Series 2005-CIBC13.

To the extent that the Lender has an interest in any of the Cash
Collateral, it is granted a replacement lien in the collateral
type against which it maintains a valid, pre-petition lien.  The
replacement lien will be of the same validity, priority and
enforceability as the pre-petition lien of Lender in that type of
assets.

Any objection to the Order are required to be submitted with the
Clerk of the Court prior to Sept. 17, 2013.

A final hearing will be held at 11:30 a.m. on Sept. 24, 2013.

A copy of the Order is available for free at:

           http://bankrupt.com/misc/GRAND_CashORD_823.pdf

                        About Grand Centreville

Grand Centreville, LLC, filed a Chapter 11 petition (Bankr. E.D.
Va. Case No. 13-13590) on Aug. 2, 2013.  The petition was signed
by Michael L. Schuett, principal of Black Creek Consulting Ltd.,
the receiver.  Judge Robert G. Mayer presides over the case.  The
Debtor estimated assets and debts of at least $10 million.


GROWTHWORKS CANADIAN: Roseway Waives Security Agreement Default
---------------------------------------------------------------
GrowthWorks Canadian Fund Ltd. on Sept. 3 disclosed that it has
entered into a sixth amendment to the Participation Agreement
dated May 28, 2010 with Roseway Capital S.a.r.l. whereby a payment
of $20 million that was payable to Roseway on September 3, 2013
will now become payable on September 30, 2013 and a further $5.7
million will become payable to Roseway by October 7, 2013.  Those
amounts will bear interest at the rate of 18% per annum from the
date on which they were originally payable by Canadian Fund.
Canadian Fund continues to be engaged in active discussions with
Roseway regarding a possible further, longer-term extension of
those payment obligations, as well as amendments to certain other
terms of the Participation Agreement and the security agreement in
favor of Roseway which grants a charge over certain portfolio and
other assets of the Fund.  In connection with this amendment,
Roseway has also waived until October 1, 2013 a default under the
Security Agreement tied to the Fund maintaining a minimum net
asset value.  Canadian Fund cannot assure investors that these
discussions will result in any further extension of the dates by
which Canadian Fund must make those payments or that Canadian Fund
will have sufficient funds to pay those amounts when due.

If Canadian Fund were to default on its obligations under the
Participation Agreement or an event of default were to occur under
the Security Agreement, the security held by Roseway over Canadian
Fund's assets may be enforced by Roseway, which could result in
forced divestments of some or all of those assets at values well
below carrying values and a significant decline in the values of
Class A shares of the Fund.

The Board of Directors of Canadian Fund continues to review, with
the assistance of its independent financial and legal advisors,
the strategic alternatives available to Canadian Fund.

GrowthWorks Canadian Fund Ltd., L.P. specializes in early-stage
and growth capital.  It also supports companies through to
maturity.  The fund seeks to invest in small to medium sized
companies.  It seeks to invest in information technology; life
sciences; advanced manufacturing; clean technology;
communications; media; transportation; medical products and health
services; specialty merchandising; computer systems and software;
lodging; financial, professional, and personal services; and
training and education sectors.  The fund prefers to invest in
private companies based in Canada with a focus on Ontario,
Saskatchewan, and Manitoba.


HASSEN IMPORTS: Auction of Dormant Properties on Sept. 11
---------------------------------------------------------
Jason Henry, writing for San Gabriel Valley Tribune, reports that
a federal bankruptcy court will auction off 10 dormant properties
Sept. 11 that it seized for liquidation from Ziad Alhassen's
Hassen Imports Partnership.

According to the report, the city of West Covina filed a motion to
block Dighton America Inc., which is also run by Mr. Alhassen,
from trying to buy back the defunct West Covina Auto Mall.  The
bankruptcy judge will rule on the city's motion the day of the
auction.

The report relates the auction will sell five properties in West
Covina and five properties in Covina, according to Howard
Ehrenberg, the appointed trustee responsible for the sale. The
properties includes East Garvey Avenue's West Covina Auto Mall,
where the bankruptcy of West Covina Motors Inc. -- also controlled
Mr. Alhassen -- led to prime real estate next to the 10 Freeway
going unused for years.  The corporation operated Chevrolet,
Hummer, Ford and Chrysler franchises at the location.

According to the report, the minimum offers for the properties
range from $210,000 -- for a property at 401 N. Citrus in Covina
-- to nearly $17 million for the three lots that make up the West
Covina Auto Mall at 1900, 1932 and 2000 East Garvey Avenue.  Other
minimum offers include $7.75 million for the former Clippinger
Chrysler Jeep, 298 N. Azusa Avenue, and $6.2 million for the
former Clippinger Chevrolet-Oldsmobile, 137 W. San Bernardino
Road.

A number of parties have already expressed interest in the
locations, Mr. Ehrenberg said, according to the report.

West Covina Motors, Inc., doing business as Clippinger Chevrolet
and Clippinger Chrysler Jeep Dodge, filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 12-52197) on Dec. 28, 2012.  Martin
J. Brill, Esq., at Levene, Neale, Bender, Yoo & Brill, LLP, served
as counsel.  The Debtor estimated assets and debts of at least
$10 million in its petition.

At the behest of the city of West Covina, the bankruptcy court
converted the chapter 11 case of West Covina Motors to a chapter 7
liquidation in April 2013.  The city is represented by:

         ARNOLD M. ALVAREZ-GLASMAN, Esq.
         CITY ATTORNEY OF THE CITY OF WEST COVINA
         ALVAREZ-GLASMAN & COLVIN
         13181 Crossroads Parkway North
         Suite 400 - West Tower
         City of Industry, CA 91746
         Tel: (562) 699-5500
         E-mail: aglasman@agclawfirm.com

              - and -

         Stephen T. Owens, Esq.
         Jordan A. Kroop, Esq.
         Christopher J. Petersen, Esq.
         SQUIRE, SANDERS (US) LLP
         555 South Flower Street, 31st Floor
         Los Angeles, CA 90071
         Tel: (213) 624-2500
         E-mail: stephen.owens@squiresanders.com
                 jordan.kroop@squiresanders.com
                 christopher.petersen@squiresanders.com

Hassen Imports Partnership filed a Chapter 11 petition (Bankr.
C.D. Calif. Case No. 11-42068) in Los Angeles, California, on
July 27, 2011.  Marina Fineman, Esq., at Stutman Treister & Glatt,
served as counsel to the Debtor.  HIP disclosed $9,238,486 in
assets and $37,555,776 in liabilities as of the Chapter 11 filing.


HIGH MAINTENANCE: Neligan Foley to Replace Cox and Smith
--------------------------------------------------------
High Maintenance Broadcasting, LLC and GH Broadcasting, Inc.,
seeks authority from the U.S. Bankruptcy Court for the Southern
District of Texas to employ Neligan Foley LLP as their counsel
effective as of the Petition Date.

The firm will be paid based on its ordinary and customary hourly
rates, which are:

          $395 - $675 for partners; and
          $130 - $350 for paralegals and associates.

Prior to hiring Neligan Foley, both Debtors hired the law firm of
Cox and Smith LLC as workout counsel.  By agreement of both the
Debtors and Cox and Smith, Cox and Smith resigned and transferred
on April 1, 2013, to Neligan Foley a retainer of $100,000, which
had been provided to Cox and Smith by High Maintenance.  Neligan
Foley applied the Retainer to the fees and expenses incurred prior
to June 17, 2013, the date the involuntary petition was originally
filed.  The fees and expenses incurred by Neligan Foley prior to
and including June 17, 2013, were $209,571 in fees and $6,621.45
in fees.  Accordingly, Neligan Foley voluntarily wrote off
$116,192.45 and thus, is not a creditor of either of the Debtors.

The Debtors assure the Court that Neligan Foley is a
"disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The Debtors' proposed counsel may be reached at:

   Patrick J. Neligan, Jr., Esq.
   David Ellerbe, Esq.
   John D. Gaither, Esq.
   NELIGAN FOLEY LLP
   325 N. St. Paul, Suite 3600
   Dallas, TX 75201
   Telephone: 214-840-5300
   Facsimile: 214-840-5301
   E-mail: pneligan@neliganlaw.com
           dellerbe@neliganlaw.com
           jgaither@neliganlaw.com

                   About High Maintenance

On June 17, 2013, an involuntary petition for relief (Bankr.
S.D. Tex. Case No. 13-20270) was filed against High Maintenance
Broadcasting, LLC by Robert Behar, Estrella Behar, Leibowitz
Family, Pedro Dupouy, Latin Capital, Pan Atlantic Bank & Trust,
Ltd., Sumit Enterprises, LLC, Jose Rodriguez, Leon Perez, Jays
Four, LLC, Benjamin J. Jesselson, Jesselson Grandchildren, Joseph
Kavana, Sawicki Family, Shpilberg Mgmt, Saby Behar Rev, Morris
Bailey pursuant to section 303 of the Bankruptcy Code.


HIGH MAINTENANCE: Hiring Wilkinson Barker on FCC Matters
--------------------------------------------------------
High Maintenance Broadcasting, LLC and GH Broadcasting, Inc., seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ and compensate certain professionals utilized
in the ordinary course of business.

At present, the Debtors seek to employ the law firm Wilkinson
Barker Knauer, LLP to provide assistance with various Federal
Communications Commission filings, advice regarding compliance
with FCC rules and regulations, and to assist in preparing for the
renewal of the Debtors' FCC licenses in 2014.

WBK will bill the Debtors on an hourly basis and will submit
monthly invoices to the Debtors setting forth detailed
descriptions of the services rendered and time spent during the
preceding month.  The Debtors seek authorization to compensate
WBK on this basis without further Court approval in an amount up
to $5,000 per month during the remainder of 2013 and $2,500
thereafter.  Any payment in excess of these monthly caps will be
subject to prior approval by the Court.

The Debtors do not believe that WBK is a "professional" whose
retention must be approved by the Court under Section 327 of the
Bankruptcy Code.  Nonetheless, the Debtors seek Court approval to
avoid any subsequent controversy as to their employment and
payment of WBK during the pendency of the Chapter 11 cases.

                   About High Maintenance

On June 17, 2013, an involuntary petition for relief (Bankr.
S.D. Tex. Case No. 13-20270) was filed against High Maintenance
Broadcasting, LLC by Robert Behar, Estrella Behar, Leibowitz
Family, Pedro Dupouy, Latin Capital, Pan Atlantic Bank & Trust,
Ltd., Sumit Enterprises, LLC, Jose Rodriguez, Leon Perez, Jays
Four, LLC, Benjamin J. Jesselson, Jesselson Grandchildren, Joseph
Kavana, Sawicki Family, Shpilberg Mgmt, Saby Behar Rev, Morris
Bailey pursuant to section 303 of the Bankruptcy Code.

The Debtors' proposed counsel are Patrick J. Neligan, Jr., Esq.,
David Ellerbe, Esq., and John D. Gaither, Esq., at Neligan Foley
LLP.


HIGH MAINTENANCE: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
High Maintenance Broadcasting, LLC, filed with the U.S. Bankruptcy
Court for the Southern District of Texas its schedules of assets
and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property
  B. Personal Property         $1,365,838.91
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                 $1,205.24
  E. Creditors Holding
     Unsecured Priority
     Claims                                                 0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                     $6,808,020.23
                               --------------   -------------
        TOTAL                  $1,365,838.91    $6,809,225.47

                   About High Maintenance

On June 17, 2013, an involuntary petition for relief (Bankr.
S.D. Tex. Case No. 13-20270) was filed against High Maintenance
Broadcasting, LLC by Robert Behar, Estrella Behar, Leibowitz
Family, Pedro Dupouy, Latin Capital, Pan Atlantic Bank & Trust,
Ltd., Sumit Enterprises, LLC, Jose Rodriguez, Leon Perez, Jays
Four, LLC, Benjamin J. Jesselson, Jesselson Grandchildren, Joseph
Kavana, Sawicki Family, Shpilberg Mgmt, Saby Behar Rev, Morris
Bailey pursuant to section 303 of the Bankruptcy Code.

The Debtors' proposed counsel are Patrick J. Neligan, Jr., Esq.,
David Ellerbe, Esq., and John D. Gaither, Esq., at Neligan Foley
LLP.


HOTEL OUTSOURCE: Incurs $457,000 Net Loss in Second Quarter
-----------------------------------------------------------
Hotel Outsource Management International, Inc., filed its
quarterly report on Form 10-Q, reporting a net loss of $457,000 on
$765,000 of revenues for the three months ended June 30, 2013,
compared with a net loss of $1.7 million on $870,000 of revenues
for the same period last year.

The Company reported a net loss of $869,000 on $1.7 million of
revenues for the six months ended June 30, 2013, compared with a
net loss of $2.0 million on $1.7 million of revenues for the
corresponding period of 2012.

"Value of the costed benefit component of a transaction converting
a loan in 2012, in the amount of approximately $1,296,000 was
charged to capital and offset against expenses."

The Company's balance sheet at June 30, 2013, showed $5.0 million
in total assets, $4.4 million in total liabilities, and
stockholders' equity of $594,000.

The Company has suffered recurring losses from operations and has
a net working capital deficiency that raises substantial doubt
about its ability to continue as a going concern.

A copy of the Form 10-Q is available at http://is.gd/QPjoM8

New York-based Hotel Outsource Management International, Inc., is
a multi-national service provider in the hospitality industry,
supplying a range of services in relation to computerized minibars
that are primarily intended for in-room refreshments.


HOYT TRANSPORTATION: Gets Court Approval to Sell Buses
------------------------------------------------------
The Hon. Nancy Hershey Lord of the U.S. Bankruptcy Court for the
Eastern District of New York in August authorized Hoyt
Transportation Corp. to sell buses.

On July 25, 2013, the Debtor sought approval of three private
sales of schools buses to:

   1. Quality Bus Service LLC (40 buses) for $1,112,500;

   2. Jofaz Transportation, Inc. (38 buses) for $1,092,000; and

   3. Agostino Vona (20 buses) for $750,000.

The Court also ordered that, to the extent that certain of the
buses to be sold are subject to liens of Sovereign Bank, N.A., the
Debtor is authorized to satisfy the respective liens of Sovereign
Bank, N.A. from the proceeds of the sales of the encumbered buses,
such liens totaling $1,585,979 based upon the updated pay-off
schedule.

                     About Hoyt Transportation

Brooklyn, New York-based Hoyt Transportation Corp. filed a
Chapter 11 petition (Bankr. E.D.N.Y. Case No. 13-44299) on
July 13, 2013, estimating at least $10 million in assets and
liabilities.  The Debtor is represented by Kevin J. Nash, Esq., at
Goldberg Weprin Finkel Goldstein LLP.

Brooklyn-based Hoyt specializes in transportation for children
with disabilities.  Hoyt operated 350 buses until the contract
with the Department of Education expired.


IGPS COMPANY: Files Ch. 11 Liquidating Plan
-------------------------------------------
iGPS Company LLC and the Official Committee of Unsecured Creditors
appointed in its Chapter 11 case filed with the U.S. Bankruptcy
Court for the District of Delaware a Chapter 11 plan and
accompanying disclosure statement.

The Plan proposes to transfer to a liquidation trust all of the
remaining assets of the Debtor.  As previously reported,
substantially all of the Debtor's assets were sold to iGPS
Logistics, LLC, for, among other things: (i) $2.5 million in Cash,
(ii) waiver of over $150 million in senior secured Claims against
the Debtor under a prepetition credit facility, and (iii)
assumption by the Buyer of various claims against the Debtor,
including certain prepetition payables and employee liabilities,
the DIP Claims, cure claims under executory contracts, and certain
Administrative and Priority Claims through the Sale Closing Date.

Under the Plan, Priority Claims (Class 1) and Non-Lender Secured
Claims (Class 2) are unimpaired and will recover 100% of the
allowed claim amount.  Unsecured Claims (Class 3) are impaired and
will receive its pro rata share of the available proceeds.  Equity
Interests (Class 4) are also impaired and will be cancelled on the
effective date.

A full-text copy of the Disclosure Statement, dated Aug. 27, 2013,
is available at http://bankrupt.com/misc/IGPSOMPANYds0827.pdf

A hearing to consider approval of the Disclosure Statement is
scheduled for Oct. 1, 2013, at 02:00 PM.  Objections are due by
Sept. 24.

The Debtor is represented by John K. Cunningham, Esq., Richard S.
Kebrdle, Esq., Kevin M. McGill, Esq., and Fan B. He, Esq., at
WHITE & CASE LLP, in Miami, Florida; and Jeffrey M. Schlerf, Esq.,
John H. Strock, Esq., and L. John Bird, Esq., at FOX ROTHSCHILD
LLP, in Wilmington, Delaware.

                          About iGPS Co.

iGPS Company LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 13-11459) on June 4, 2013, to sell its assets to a
group led by Balmoral Funds LLC, absent higher and better offers.

iGPS Company -- http://www.igps.net-- is the first and only
plastic pallet pooling rental and leasing company in the U.S. It
offers plastic pallets with embedded radio frequency
identification (RFID) tags.  Founded in 2006, the company is
headquartered in Orlando, Florida, and has a sales and innovation
center in Bentonville, Arkansas.

The Debtor estimated $100 million to $500 million in assets and
liabilities in its Chapter 11 petition.

According to the board resolution authorizing the bankruptcy,
Pegasus IGPS LLC owns 12.55% of the company; iGPS Co-Investment
LLC owns 18.75%; Kia VIII (iGPS Sub), LLC owns 30.74%; and KIA
VIII iGPS Blocker, LLC, owns 12.27%.


IGPS COMPANY: Seeks Extension of Lease Decision Deadline
--------------------------------------------------------
iGPS Company LLC asks the U.S. Bankruptcy Court for the District
of Delaware to extend through and including Dec. 30, 2013, their
period within which they may assume or reject unexpired leases of
non-residential real property.

According to Jeffrey M. Schlerf, Esq., at Fox Rothschild LLP, in
Wilmington, Delaware, given that the purchaser of the Debtor's
assets is currently utilizing the premises subject to the
unexpired leases, including the headquarters, and has not
indicated whether it would like to assume or reject those leases,
the the Debtor needs additional time to assume or reject the
unexpired leases.

A hearing on the Debtor's extension request will be on Sept. 19,
2013, at 2:00 p.m. (ET).  Objections are due Sept. 12.

John H. Strock, Esq., and L. John Bird, Esq., at Fox Rothschild
LLP, in Wilmington, Delaware, and John K. Cunningham, Esq.,
Richard S. Kebrdle, Esq., Kevin McGill, Esq., and Fan B. He, Esq.,
at White & Case LLP, in Miami, Florida, also represent the Debtor.

                          About iGPS Co.

iGPS Company LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 13-11459) on June 4, 2013, to sell its assets to a
group led by Balmoral Funds LLC, absent higher and better offers.

iGPS Company -- http://www.igps.net-- is the first and only
plastic pallet pooling rental and leasing company in the U.S. It
offers plastic pallets with embedded radio frequency
identification (RFID) tags.  Founded in 2006, the company is
headquartered in Orlando, Florida, and has a sales and innovation
center in Bentonville, Arkansas.

The Debtor estimated $100 million to $500 million in assets and
liabilities in its Chapter 11 petition.

According to the board resolution authorizing the bankruptcy,
Pegasus IGPS LLC owns 12.55% of the company; iGPS Co-Investment
LLC owns 18.75%; Kia VIII (iGPS Sub), LLC owns 30.74%; and KIA
VIII iGPS Blocker, LLC, owns 12.27%.


ISAACSON STEEL: Case Conversion Hearing Moved to Sept. 19
---------------------------------------------------------
The Bankruptcy Court has scheduled a hearing on Sept. 19, 2013, at
9:00 a.m. to consider approval of the U.S. Trustee's motion to
convert the Chapter 11 cases of Isaacson Structural Steel, Inc.,
et al., to Chapter 7 of the Bankruptcy Code.

As reported by the TCR on April 5, 2013, the U.S. Trustee sought
for the conversion of the cases so that a disinterested trustee
may promptly investigate claims against third parties, including
insiders or affiliates of the Debtors, or parties related to
insiders or affiliates of the Debtors.

According to the U.S. Trustee, a disinterested trustee is needed
to review the Debtors' conduct as recent pleadings filed with the
Court disclose the existence of a federal Grand Jury and other
fraud investigation underway by the U.S. Attorney for the District
of Vermont.

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

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

An official committee of unsecured creditors has been appointed in
Isaacson Structural Steel's case.  Nixon Peabody LLP, and Mesirow
Financial Consultants represents the Committee.

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

The cases are being jointly administered.  No trustee or examiner
has been appointed.


INSPIREMD INC: Completes First Phase of Manufacturing Upgrade
-------------------------------------------------------------
InspireMD, Inc., has completed the first phase of a manufacturing
consolidation that the Company believes will improve its long term
gross margins.

Simultaneously, the Company has signed an agreement with
Healthlink Europe, a medical device support services and
distribution company, to provide logistical and customer support
for InspireMD's commercial operations and clinical activities.
Healthlink will provide InspireMD with customer service center
capabilities for inquiries from hospitals and distributors.
Healthlink will also handle all inventory controls, warehousing,
shipping, and invoicing and receivables management for customers
worldwide on behalf of InspireMD.

Alan Milinazzo, president and CEO of InspireMD, commented, "We
have successfully completed the first stage of our manufacturing
strategy through the consolidation of our Israeli manufacturing
facilities.  Over time, we believe that this will reduce our
operating costs by streamlining our manufacturing operations."

"As we prepare to announce the 12-month results from the MASTER
trial in October, we continue to put in place the appropriate
infrastructure to be able to meet the anticipated increase in
demand for our lifesaving stent technology.  The agreement with
Healthlink Europe is intended to support both current commercial
activities as well as ongoing clinical trials, and should provide
us instant access to world-class customer logistics to support all
of our customers through a single partner," concluded Mr.
Milinazzo.

Rick Hughes, president of HealthLink Europe, commented, "For
nearly 20 years Healthlink has built an impressive track record of
providing superior customer service and logistics support to the
medical device industry.  We look forward to working with
InspireMD as the Company prepares for increased demand for its
MGuardTM stent technology throughout Europe."

                          About InspireMD

InspireMD, Inc., was organized in the State of Delaware on
Feb. 29, 2008, as Saguaro Resources, Inc., to engage in the
acquisition, exploration and development of natural resource
properties.  On March 28, 2011, the Company changed its name from
"Saguaro Resources, Inc." to "InspireMD, Inc."

Headquartered in Tel Aviv, Israel, InspireMD, Inc., is a medical
device company focusing on the development and commercialization
of its proprietary stent platform technology, Mguard.  MGuard
provides embolic protection in stenting procedures by placing a
micron mesh sleeve over a stent.  The Company's initial products
are marketed for use mainly in patients with acute coronary
syndromes, notably acute myocardial infarction (heart attack) and
saphenous vein graft coronary interventions (bypass surgery).

InspireMD reported a net loss of US$17.59 million on US$5.35
million of revenue for the year ended June 30, 2012, compared with
a net loss of US$6.17 million on US$4.67 million of revenue during
the prior year.  For the nine months ended March 31, 2013, the
Company incurred a net loss of $14.31 million on $3.37 million of
revenues.  The Company's balance sheet at March 31, 2013, showed
$9.79 million in total assets, $13.20 million in total
liabilities, and a $3.40 million total capital deficiency.

Kesselman & Kesselman, in Tel Aviv, Israel, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2012.  The independent auditors noted
that the Company has had recurring losses, negative cash flows
from operating activities and has significant future commitments
that raise substantial doubt about its ability to continue as a
going concern.

The Company said the following statement in its quarterly report
for the period ended Dec. 31, 2012:  "The Company has had
recurring losses and negative cash flows from operating activities
and has significant future commitments.  For the six months ended
December 31, 2012, the Company had losses of approximately $9.4
million and negative cash flows from operating activities of
approximately $5.8 million.  The Company's management believes
that its financial resources as of December 31, 2012 should enable
it to continue funding the negative cash flows from operating
activities through the three months ended September 30, 2013.
Furthermore, commencing October 2013, the Company's senior secured
convertible debentures (the "2012 Convertible Debentures") are
subject to a non-contingent redemption option that could require
the Company to make a payment of $13.3 million, including accrued
interest.  Since the Company expects to continue incurring
negative cash flows from operations and in light of the cash
requirement in connection with the 2012 Convertible Debentures,
there is substantial doubt about the Company's ability to continue
operating as a going concern.  These financial statements include
no adjustments of the values of assets and liabilities and the
classification thereof, if any, that will apply if the Company is
unable to continue operating as a going concern."


INTERNATIONAL HOME: Court Dismisses Chapter 11 Case
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico
dismissed on Aug. 30, 2013, the Chapter 11 case of International
Home Products, Inc., and Health Distillers International, Inc.

As reported in the TCR on June 19, 2013, the Debtors asked the
Bankruptcy Court to dismiss their Chapter 11 case.

According to the Debtors, they have attempted to reorganize
pursuant to the provisions of Chapter 11 Bankruptcy Code.
Nevertheless, the case have been plagued with excessive litigation
between the Debtors and their secured creditor, First Bank-Puerto
Rico, Inc., which has diverted the energies and resources of the
Debtors and has severely hampered the Debtor's reorganization
process.

In this relation, the Debtors have been able to resolve the
differences with FirstBank and have reached a final settlement for
the benefit of the estate, all creditors and the Debtors
themselves.

The settlement through a joint stipulation includes payment of the
7Bank's claims.  The Debtors will also be able to retain title to
the inventory and other personal assets encumbered by FirtBank's
lien.  President Andrew Bert Foti will pay FirstBank for their
release under the payment plan.

                 About International Home Products

International Home Products, Inc., is engaged in the sale,
financing of "Lifetime" cookware and other kitchenware as well as
sale of account receivables in the secondary market.  It is the
exclusive distributor of "Lifetime" products in Puerto Rico for
over 40 years.  The Company filed for Chapter 11 bankruptcy
protection (Bankr. D.P.R. Case No. 12-02997) on April 19,
2012.  Carmen D. Conde Torres, Esq., in San Juan, P.R.,
serves as the Debtor's counsel.  Wigberto Lugo Mendel, CPA,
serves as its accountants.  The Debtor disclosed $66,155,798 and
$43,350,031 in liabilities as of the Chapter 11 filing.

Secured lender First-Bank Puerto Rico is represented by Manuel
Fernandez-Bared, Esq., Angel Sosa-Baez, Esq., and Linette
Figueroa-Torres, Esq., at Toro, Colon, Mullet, Rivera & Sifre,
P.S.C.

On May 7, 2012, International Home's affiliate, Health Distillers
International, Inc., filed a separate Chapter 11 petition (Bankr.
D.P.R. Case No. 12-03574.


J AND Y INVESTMENT: Plan Confirmation Denied, Stay Relief OK'd
--------------------------------------------------------------
The Hon. Karen A. Overstreet of the U.S. Bankruptcy Court for the
Western District of Washington, in an August 9 order, denied
confirmation of J And Y Investment LLC's Second Amended Plan of
Reorganization and granted BACM 2004-1 320th Street LLC's request
for relief from the automatic stay.

Pursuant to the order, the Court held that:

   1. the Debtor's request to disqualify BACM's vote is denied;

   2. the Plan is unconfirmable as a matter of law because
      the Plan did not receive necessary votes to satisfy the
      requirements of Section 1129(a)(10) of the Bankruptcy Code;
      and

   3. BACM and any designee or successor-in-interest is allowed
      to take all steps necessary or appropriate to enforce its
      state court rights and remedies against any portion or all
      of the property, rights, interests, and estates.

As reported in the Troubled Company Reporter on Aug. 1, 2013, BACM
objected to the Debtor's Plan on the grounds that (a) no impaired
class will vote in favor of the Plan, as required by Sec.
1129(a)(10); (b) the Plan is not proposed in good faith, as
required by Sec. 1129(a)(3); (c) the Plan is not fair and
equitable, as required by Sec. 1129(b); and (d) the Plan is not
feasible, as required by Sec. 1129(a)(11).

According to BACM, although the Plan purports to provide for
payments based on a 30-year amortization, analysis of the Plan
projections attached to the Second Amended Disclosure Statement
(Dkt. 146) reveals that they project payments based on an
amortization period of 502 months (41.8 years).  To make matters
worse, BACM adds, after making interest-only payments at the
unreasonably low rate of only 4.75% for two years and very modest
principal payments in Plan years 3 through 7, the obligation at
the end of the Plan period would exceed $9,950,000 (a reduction of
only 4.25% of the overall obligation) even if the Debtor were to
make every payment as promised.

                      The Chapter 11 Plan

Pursuant to the Second Amended Disclosure Statement, the Plan h
proposes the continued operation of the Debtor's property in the
ordinary course of business.  Funding for payments proposed in the
Plan will come from cash on hand as of the effective date of the
Plan and operating revenues.

The secured creditor will receive (i) 24 equal monthly interest-
only payments with interest accruing on the unpaid principal
balance at the rate of 4.75% per annum, followed by (ii) 59 equal
monthly payments of principal and interest based on 30-year
amortization, with interest accruing on the unpaid principal
balance at the rate of 4.75% per annum, (iii) a single final
payment of all outstanding principal and interest in the 84th full
month following the Effective Date.  The lender will retain its
security interest against the property of the estate, and leases
and rents associated with the property.

Allowed general unsecured claims will be paid in full in 12
monthly payments.  Interest will accrue on the unpaid balance of
each Class 3 Claim at the Federal Judgment Rate.

Holders of allowed interests will retain their interests following
the confirmation of the Debtor's Plan but will not receive any
distribution on account of those interests.

A full-text copy of the Second Amended Disclosure Statement dated
May 20, 2013, is available for free at:

             http://bankrupt.com/misc/JANDYds0520.pdf

                     About J and Y Investment

J and Y Investment, LLC, sought Chapter 11 protection (Bankr. W.D.
Wash. Case No. 13-10218) in Seattle on Jan. 10, 2013.  The Debtor
is a single purpose Delaware limited liability company formed in
2004 to acquire the real property and office building located at
2505 S. 320th Street, Federal Way, Washington.  The property was
appraised on Sept. 3, 2010, at between $11,000,000 and
$11,200,000.  BACM 2004-1 320th Street South, LLC, holds the
beneficial interest in the Deed of Trust and Security Agreement
encumbering the Property, and has filed a proof of claim in the
total amount of $10,271,963.93 as of the Petition Date.  The
Debtor disclosed total assets of $13.05 million against total
liabilities of $8.65 million in its schedules.  The Debtor's sole
member is East of Cascade, Inc.

Armand J. Kornfeld, Esq., and Katriana L. Samiljan, Esq., at Bush
Strout & Kornfeld, LLP, in Seattle, represent the Debtor as
bankruptcy counsel.


JHK INVESTMENTS: Can Access Bay City Cash Collateral 'til Sept. 30
------------------------------------------------------------------
On Aug. 30, 2013, the U.S. Bankruptcy Court for the District of
Connecticut authorized JHK Investments, LLC, to use cash
collateral, including proceeds from JHK's accounts receivable,
which liens may be subject to the liens of Bay City Capital Fund
V, L.P., and Bay City Capital Fund V Co. Investment Fund L.P., for
the period from Aug. 21, 2013, through Sept. 30, 2013.

The liens of Bay City and any replacement thereof pursuant to the
Order, and any priority to which Bay City may be entitled or
become entitled under Section 507(b) of the Bankruptcy Code, will
be subject and subordinate to a carve-out of such liens for
amounts payable by JHK for (i) fees of the United States trustee;
(ii) accrued and unpaid invoices for High Mountain Ranch for its
employees solely for work performed on behalf of JHK and its
subsidiaries in an amount not to exceed $2,500 in the aggregate,
and (iii) the allowed reasonable fees of counsel for JHK arising
and incurred by counsel after April 1, 2013, in an amount not to
exceed $50,000, for legal services directly related to the
implementation of a sale of any assets of JHK or the assets of any
JHK subsidiary in accordance with the orders of the Court,
including the Stipulated Order Regarding JHK Investments, LLC's
Application for Preliminary Injunction dated Feb. 27, 2013.

A final hearing on the motion of JHK Investments, LLC to use cash
collateral will be held on Oct. 1, 2013, at 10:00 a.m.

                       About JHK Investments

JHK Investments, LLC, filed a Chapter 11 petition (Bankr. D. Conn.
Case No. 12-51608) in Bridgeport, Conn., on Aug. 29, estimating
under $100 million in assets and more than $10 million in
liabilities.  James Berman, Esq., Lawrence S. Grossman, Esq.,
Craig I. Lifland, Esq., and Aaron Romney, Esq., at Zeisler &
Zeisler, P.C., represent the Debtor.

Westport, Connecticut-based JHK is an investment company founded
by the former senior management team of United States Surgical
Corporation.  Founded by Leon C. Hirsch in 1963, USSC became a
global medical device manufacturer with sales exceeding
$1.2 billion and employing $4,000 Connecticut residents.  The
Debtor disclosed $38,690,639 in assets and $32,127,278 in
liabilities as of the Chapter 11 filing.

Following the success of USSC, Mr. Hirsch and two other senior
USSC executives created JHK in order to produce and develop new
markets and penetrate established markets throughout the world for
high-tech medical devices.  JHK owns equity in several start-up
medical subsidiaries.  The start-ups include Interventional
Therapies, LLC, Auditory Licensing Company, LLC, Biowave
Corporation, Gorham Enterprises, LLC, and American Bicycle Group,
LLC.

Bay City claims to be owed $31 million for funding provided to the
Debtor since January 2011.  The principals at JHK -- Mr. Hirsch,
Turi Josefsen, and Robert A. Knarr -- guaranteed JHK's
obligations, pledged the property in Wilton, Connecticut to secure
obligations under the guaranty, and pledged all equity interests
of JHK.

In March 2012, Eleuthera, in its capacity as administrative agent
for Bay City, declared an event of default as a result of the
passage of the maturity date and the failure to pay the entire
amount outstanding.  On Aug. 28, 2012, Bay City and Eleuthera
purported to exercise the pledge agreements insofar as they
purported to register the Principals' interest in JHK in the name
of Eleuthera, as nominee for Bay City, and purported to reserve
their right to exercise voting rights in JHK.


LANDAUER HEALTHCARE: Sec. 341 Creditors' Meeting Set for Sept. 23
-----------------------------------------------------------------
The U.S. Trustee for Region 3 will convene a meeting of creditors
pursuant to 11 U.S.C. 341(a) in the Chapter 11 case of Landauer
Healthcare Holdings, Inc. on Sept. 23, 2012, at 10:00 a.m.  The
meeting will be held at J. Caleb Boggs Federal Building, Room
2112, 844 King Street, in Wilmington, Delaware.

Counsel for the Debtors can be reached at:

         Michael R. Nestor, Esq.
         Matthew B. Lunn, Esq.
         Justin H. Rucki, Esq.
         YOUNG CONAWAY STARGATT & TAYLOR, LLP
         Rodney Square, 1000 North King Street
         Wilmington, DE 19801
         Tel: (302) 571-6600
         Fax: (302) 571-1253
         E-mail: mnestor@ycst.com
                 mlunn@ycst.com
                 jrucki@ycst.com

              - and -

         John A. Bicks, Esq.
         K&L GATES LLP
         599 Lexington Avenue
         New York, NY 10022-6030
         Tel: (212) 536-3906
         Fax: (212) 536-3901
         E-mail: john.bicks@klgates.com

              - and -

         Charles A. Dale III, Esq.
         Mackenzie L. Shea, Esq.
         K&L GATES LLP
         One Lincoln Street
         Boston, MA 02111
         Tel: (617) 261-3100
         Fax: (617) 261-3175
         E-mail: chad.dale@klgates.com
                 mackenzie.shea@klgates.com

               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: Trustee Appoints 5-Member Creditors Panel
--------------------------------------------------------------
Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
five members to the official committee of unsecured creditors in
the Chapter 11 cases of Landauer Healthcare Holdings, Inc.

The Creditors Committee members are:

      1. ResMed Corp.
         Attn: Michael Rider
         9001 Spectrum Center Blvd.
         San Diego, CA 92123
         Tel: 858-836-6719
         Fax: 858-836-5517

      2. Philips Respironics Inc.
         Attn: Greg Creighan
         801 Presque Isle Dr.
         Pittsburgh, PA 15239
         Tel: 724-387-4059

      3. Automotive Rentals, Inc.
         Attn: Richard Moyer
         4001 Leadenhall Road
         PO Box 5039
         Mt. Laurel, NJ 08054-5039
         Tel: 856-914-7555
         Fax: 856-608-7151

      4. Invacare Corporation
         Attn: Frederick Bougher
         1320 Taylor St.
         Elyria, OH 44035
         Tel: 440-329-6171
         Fax: 440-326-3520

      5. RGH Enterprises, d/b/a Independence Medical
         Attn: Steven Eisenberg
         1810 Summit Commerce Park
         Twinsburg, OH 44087
         Tel: 330-425-0267
         Fax: 330-487-1463

Attorney assigned to this Case:

         Jane M. Leamy, Esq.
         Tel: (302) 573-6491
         Fax: (302) 573-6497

               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.

Michael R. Nestor, Esq., Matthew B. Lunn, Esq., and Justin H.
Rucki, Esq., at Young Conaway Stargatt & Taylor, LLP; and John A.
Bicks, Esq., Charles A. Dale III, Esq., and Mackenzie L. Shea,
Esq., at K&L Gates LLP, serve as the Debtor's counsel.  Carl Marks
Advisory Group serves as the Debtor's financial advisors, and Epiq
Systems as claims and notice agent.


LAUSELL INC: Confirmation Hearing Rescheduled for Sept. 30
----------------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico rescheduled for Sept. 30, 2013, at 9 a.m.,
the hearing to consider confirmation of Lausell Inc.'s Plan of
Reorganization.

Certain holders of equity security interest in the Debtor
requested for a reset of the Aug. 26 hearing due to lack of due
process and notice.

As reported in the Troubled Company Reporter on Aug. 8, 2013,
Judge Flores approved the Disclosure Statement as containing
adequate information as required under the Bankruptcy Code.  The
Debtor is thus authorized to solicit votes on its.

As previously reported by The Troubled Company Reporter, Lausell
Inc.'s Disclosure Statement reveals that holders of allowed
general unsecured claims (Class 6) in Lausell Inc. are impaired
and will recover 2% of their claim amount.  Payment of the Class 6
Claims will come from the $50,000 carve-out to be reserved from
the proceeds of the sale of the Debtor's assets to La Re.  La Re,
as Purchaser, will provide a Cash payment to fund the Plan
sufficient to (i) settle in full the secured claims of First Bank
Puerto Rico and Citibank, N.A., for $5,600,000, in Cash; (ii) and
will assume certain of the Debtor's debts for $3,080,489,
including the claim of Puerto Rico Industrial Development Co.
(Class 2).

                       About Lausell Inc.

Lausell, Inc., filed a bare-bones Chapter 11 petition (Bankr.
D.P.R. Case No. 12-02918) on April 17, 2012, in Old San Juan,
Puerto Rico.  Lausell, also known as Aluminio Del Caribe, is a
manufacturer of windows and doors.

Bankruptcy Judge Mildred Caban Flores oversees the case.  Charles
Alfred Cuprill, Esq., at Charles A. Curpill, P.S.C. Law Offices,
in San Juan, Puerto Rico, serves as counsel to the Debtor.

The Bayamon, Puerto Rico-based company disclosed $34,059,950 in
assets and liabilities of $24,489,414 in its amended schedules.


LEHMAN BROTHERS: Belik Seeks Stay Relief to Pursue Insurance
------------------------------------------------------------
A claimant represented by New York-based Sacks and Sacks LLP
asked the U.S. Bankruptcy Court in Manhattan to lift the
automatic stay that was applied to a lawsuit she filed against
Lehman Brothers Holdings Inc.'s subsidiary.

Yuri Belik, the claimant who figured in an accident at a
construction site owned by LB 745 LLC, wants to pursue her
insurance claim but cannot do so because of the automatic stay,
an injunction that halts actions by creditors against a company
under bankruptcy protection.

LB 745, a Lehman subsidiary which is also in Chapter 11, was
reportedly covered under an insurance policy provided by American
Home Assurance Co. at the time of the accident.

Sacks and Sacks LLP can be reached at:

     David Mayer, Esq.
     150 Broadway, 4th Floor
     New York, NY 10038
     Tel: (212) 964-5570

                       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.


LEHMAN BROTHERS: Eichorn Allowed to Pursue Oklahoma Suit
--------------------------------------------------------
The Bankruptcy Court gave its stamp of approval on a stipulation
among Lehman Brothers Holdings Inc., the trustee of Lehman
Brothers Inc., and Sharon Eichorn allowing the claimant to sue the
holdings company.

In 2006, Ms. Eichorn filed a lawsuit against the Lehman brokerage
in a district court in Oklahoma after she figured in an accident
at a Holiday Inn Select hotel.

The claimant named the brokerage as a defendant based on
information that it is the owner of the hotel.  Lehman's own
records, however, show that it is the holdings company and not
the brokerage, which had an indirect interest in the hotel at the
time of the accident.

The agreement allows the claimant to either resume her lawsuit to
recover damages from the proceeds payable to her under an
insurance policy; or settle the lawsuit with Lehman's insurer.
In case any judgment or other relief is allowed against the
holdings company in the lawsuit, recovery will be limited to the
insurance proceeds.

The claimant is required under the agreement to file a motion
seeking to add the holdings company as a defendant in the
lawsuit, and to dismiss the brokerage from same with prejudice.
A copy of the agreement is available for free at
http://is.gd/KQ6ATk

                       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.


LEHMAN BROTHERS: Trustee Wins Nod to Settle Lloyds Claim
--------------------------------------------------------
The trustee of Lehman Brothers Holdings Inc.'s brokerage received
the green light from the U.S. Bankruptcy Court in Manhattan to
settle the claim of Lloyds TSB Bank plc.

Under the deal, Lloyds can assert a general unsecured claim in
the amount of $19,298,122, down from the $19,409,548 claim it
originally wanted.  The deal is formalized in a nine-page
stipulation which is available for free at http://is.gd/jOVE22

Lloyds TSB Bank plc is represented by:

     Hugh F. Hill IV
     HOGAN LOVELLS US LLP
     875 Third Avenue
     New York, NY 10022
     Telephone: (212) 918-3000
     Facsimile: (212) 918-3100
     Email: hugh.hill@hoganlovells.com

                       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.


LIFE CARE: Florida Regulator Objects to Use of Cash Collateral
--------------------------------------------------------------
The Florida Office of Insurance Regulation, a Division of the
Florida Financial Services Commission, objects to the unrestricted
use of statutorily required "minimum liquid reserves" that
comprise part of the "cash collateral" Life Care St. Johns, Inc.
proposes to fund the administration of the bankruptcy proceedings.
The Regulator proposes that two of the minimum liquid reserves
(MLR) be used only for their express purpose -- to protect the
resident.

By its order dated July 31, 2013, the Court overruled the
Regulator's prior objection to the Debtor's use of "cash
collateral."

The Regulator said the current objection is more limited,
addressing only two statutorily required MLR escrow accounts and
the Regulator does not object to any use of the reserve accounts.

Section 651.035 requires a continuing care retirement community,
such as Glenmoor, to establish and maintain certain "minimum
liquid reserve" accounts that are held in escrow pursuant to
section 651.033.  The establishment and maintenance of the MLR
escrow accounts are a condition to a CCRC receiving and
maintaining its certificate of authority to conduct business as a
CCRC in Florida.

Section 651.035(1) requires the creation and maintenance of three
MLR escrow accounts.  The Regulator said the objection only
concerns two of those accounts.  The first is the "operating
reserve account" required by section 651.035(1)(c). The second is
the "renewal and replacement" reserve account required by section
651.035(1)(d).

The Regulator contends the statutes creating the two MLR escrow
accounts expressly state the purposes of such reserve accounts.

"[T]he 'operating reserves required under this subsection shall be
in an unencumbered account held in escrow for the benefit of the
residents.'  Sec. 651.035(1)(c) (emphasis added).  The renewal and
replacement account "must be used for capital items or major
repairs." Sec.651.035(6).

The Regulator said it is undisputed that statutorily required
"minimum" to be held in each account is $1,477,890.  At the second
preliminary hearing on the use of cash collateral counts on
July 25, 2013, the Regulator did not object to the use of "excess"
monies above these statutory minimum requirements.

The Regulator said its position is that the statutorily required
minimum amounts be used only for the express purposes for which
such reserve accounts were created-benefit of the residents.  The
Regulator objects to the unrestricted use of the funds for the
debtor's administration of the estate, which benefits only the
Debtor (and their professionals), not the residents or the
facilities for capital items and major repairs.

The Regulator proposes that Debtor maintain the current MLR escrow
accounts.  The first of these accounts would be an operating
reserve account that would pay only for specified items.  The
second account would be a renewal and replacement account to be
used solely for "capital items or major repairs."  Access to such
escrowed accounts should only be at the direction of the
Bankruptcy Court. Under such a scheme, these reserve accounts
would be limited to the express statutory purposes for which they
were created.

The Regulator objects to the unrestricted use of the currently
escrowed operating and renewal or replacement reserves and
proposes that such reserve funds remain in the segregated escrow
accounts and be used only for the purposes for which they were
established in accordance with Florida Statutes Chapter 651 upon
order of the Bankruptcy Court.

Attorney for Office of Insurance Regulation can be reached at:

         C. TIMOTHY GRAY, Esq.
         Assistant General Counsel Office of Insurance Regulation
         Florida Financial Services Commission
         Larson Building, Room 612-L
         200 East Gaines Street
         Tallahassee, FL 32399-4206
         Tel: (850) 413-4122
         Fax: (850) 922-2543
         E-mail: tim.gray@floir.com

                    About Life Care St. Johns

Life Care St. Johns, Inc., filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 13-04158) on July 3, 2013.  The Debtor is the
owner and operator of a continuing care retirement community known
as Glenmoor consisting of 144 independent living units located on
a 40-acre site in St. Johns County, Florida.

Judge Jerry A. Funk presides over the case.  Richard R. Thames,
Esq., and Eric N. McKay, Esq., at Stutsman Thames & Markey, P.A.,
serves as the Debtor's counsel.  Navigant Capital Advisors, LLC,
acts as the Debtor's financial advisor.  American Legal Claim
Services, LLC, serves as claims and noticing agent.

The Committee of Creditors Holding Unsecured Claims appointed in
the bankruptcy case of Life Care St. Johns, Inc., is represented
by Akerman Senterfitt's David E. Otero, Esq., and Christian P.
George, Esq., in Jacksonville, Florida.

Bruce Jones signed the petition as CEO.  The Debtor estimated
assets of at least $10 million and debts of at least $50 million.


LIFE CARE: Committee Wants to Limit Use of Cash Collateral
----------------------------------------------------------
The Committee of Creditors Holding Unsecured Claims appointed in
the bankruptcy case of Life Care St. Johns, Inc. filed a response
to the Debtor's (i) Motion for Interim and Final Orders
Authorizing the Use of Cash Collateral and (ii) Motion for Order
Authorizing and Directing Wells Fargo Bank, N.A., as Escrow Agent,
to Transfer Funds Held in the Debtor's Operating Reserve Account
to the Debtor's General Operating Account.

On July 3, 2013, the Debtor filed its Motion for Use of Cash
Collateral wherein it requests, inter alia, the release of all
funds held in the Operating Reserve and the release of certain
funds held in the Renewal and Replacement Reserve for the Debtor's
use for general operations of its property.

On August 2, 2013, the Debtor filed its Motion for Transfer of
Fund wherein it requests an Order directing the escrow agent of
the Operating Reserve to transfer the funds held in Operating
Reserve to the Debtor's general operating account.

In the Motion for Use of Cash Collateral and the Motion for
Transfer of Funds, the Debtor seeks to utilize the funds held in
both the Operating Reserve and Renewal and Replacement Reserve, as
well as the cash collateral, pursuant to a Court-approved budget
and Cash Collateral Order.

The Committee believes that certain safeguards and limitations
should be adopted to protect the funds currently held in the
Operating Reserve and Renewal and Replacement Reserve.  If the
Debtor agrees to these safeguards and the proposed orders reflect
the safeguards, then the Committee will support the Motion for Use
of Cash Collateral and Motion to Transfer Funds.  If not, the
Committee reserves its rights to object to the Motion for Use of
Cash Collateral and Motion to Transfer Funds.  The Committee also
reserves the right to object to the proposed budget and Cash
Collateral Order.

The Committee believes these safeguards and limitations should be
put in place:

   A. The funds currently held in both the Operating Reserve and
      Renewal and Replacement Reserve accounts will remain
      segregated from the Debtor's general operating account until
      the Debtor requires their use and the proposed use is in
      accordance with the Court-approved budget.  This includes
      both the amounts up to the statutory minimum as well as the
      excess amounts in the accounts.

   B. The funds currently held in both the Operating Reserve and
      Renewal and Replacement Reserve accounts will not be
      transferred to the Debtor's operating account until
      reasonably necessary to be utilized by the Debtor in
      accordance with the court-approved budget.

   C. The Renewal and Replacement Reserve will only be used for
      Capital expenditures (for major repairs or replacement of
      capital items) in accordance with the court-approved budget.

   D. Both the Operating Reserve and Renewal and Replacement
      Reserve will be replenished post-reorganization or post-sale
      to satisfy the requirements for Florida Office of Insurance
      Regulation licensure and Chapter 651, Florida Statutes
      (subject to continued use of the Debtor's facility as a
      CCRC and the associated need for licensure. Assuming that is
      the case, replenishment will need to be addressed as part of
      a Plan of Reorganization (i.e., forecasts will need to
      demonstrate feasibility of replenishment or if there is a
      sale, the successor will have the obligation to evidence
      statutory reserves to maintain/retain license as a CCRC.))

Counsel for the Committee of Creditors Holding Unsecured Claims of
Life Care St. Johns, Inc. can be reached at:

         David E. Otero, Esq.
         Christian P. George, Esq.
         50 North Laura Street, Suite 3100
         Jacksonville, FL 32202
         Tel: (904) 798-3700
         Fax: (904) 798-3730
         Email: david.otero@akerman.com
                christian.george@akerman.com

                    About Life Care St. Johns

Life Care St. Johns, Inc., filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 13-04158) on July 3, 2013.  The Debtor is the
owner and operator of a continuing care retirement community known
as Glenmoor consisting of 144 independent living units located on
a 40-acre site in St. Johns County, Florida.

Judge Jerry A. Funk presides over the case.  Richard R. Thames,
Esq., and Eric N. McKay, Esq., at Stutsman Thames & Markey, P.A.,
serves as the Debtor's counsel.  Navigant Capital Advisors, LLC,
acts as the Debtor's financial advisor.  American Legal Claim
Services, LLC, serves as claims and noticing agent.

The Committee of Creditors Holding Unsecured Claims appointed in
the bankruptcy case of Life Care St. Johns, Inc., is represented
by Akerman Senterfitt's David E. Otero, Esq., and Christian P.
George, Esq., in Jacksonville, Florida.

Bruce Jones signed the petition as CEO.  The Debtor estimated
assets of at least $10 million and debts of at least $50 million.


LIFE CARE: Can Employ Continuum Development as Consultant
---------------------------------------------------------
Life Care St. Johns, Inc., doing business as Glenmoor, sought and
obtained approval from the U.S. Bankruptcy Court for the Middle
District of Florida to employ Continuum Development Services as
its operational review consultant.

Continuum will provide an independent assessment of Glenmoor's
operations and make recommendations for improving revenues based
on its findings.  Continuum will also prepare a report of its
findings, recommendation and conclusions within 45 days of its
engagement.

Continuum's consulting fees for the review of Glenmoor during the
Assessment Phase will be $60,000. Actual out-of-pocket expenses
are not expected to exceed 15% of project costs.  Continuum
requires a retainer equal to 50% of project costs prior to the
site visit.  A second payment equal to 35% of project costs will
be due after the site visit is completed.  The final billing for
remaining project costs will occur upon submission of the written
draft report.

Daniel H. Gray -- Dan.gray@consulting-cds.com -- president of
Continuum, assures the Court that Continuum is a "disinterested
person" within the meaning of Sections 101(14) and 327(a) of the
Bankruptcy Code, and does not hold or represent any interest
adverse to the Debtor or its Chapter 11 estate, creditors, or any
other party with an actual or potential conflict in the Chapter 11
case.

The Debtor is represented by Richard R. Thames -- rrt@stmlaw.net
-- and Eric N. McKay -- enm@stmlaw.com -- at Stutsman Thames &
Markey, P.A.

                    About Life Care St. Johns

Life Care St. Johns, Inc., filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 13-04158) on July 3, 2013.  The Debtor is the
owner and operator of a continuing care retirement community known
as Glenmoor consisting of 144 independent living units located on
a 40-acre site in St. Johns County, Florida.

Judge Jerry A. Funk presides over the case.  Richard R. Thames,
Esq., and Eric N. McKay, Esq., at Stutsman Thames & Markey, P.A.,
serves as the Debtor's counsel.  Navigant Capital Advisors, LLC,
acts as the Debtor's financial advisor.  American Legal Claim
Services, LLC, serves as claims and noticing agent.

The Committee of Creditors Holding Unsecured Claims appointed in
the bankruptcy case of Life Care St. Johns, Inc., is represented
by Akerman Senterfitt's David E. Otero, Esq., and Christian P.
George, Esq., in Jacksonville, Florida.

Bruce Jones signed the petition as CEO.  The Debtor estimated
assets of at least $10 million and debts of at least $50 million.


LIFE CARE: Has Green Light to Hire Hamlyn as Marketing Consultant
-----------------------------------------------------------------
Life Care St. Johns, Inc. sought and obtained approval from the
U.S. Bankruptcy Court to employ Hamlyn Senior Marketing, LLC as
marketing consultant.

During a "60 day Assessment Phase", Hamlyn will be paid $15,000
per month.  During the "90-day Implementation Phase", the firm
will be paid $10,000 per month.  Thereafter, if consultation needs
continue, Hamlyn will be paid on an "as needed" basis.  The
Marketing Services Agreement provides for the monthly fees for
sales and marketing services to be in advanced with the first
month's payment to be made upon execution of the Marketing
Services Agreement.

                    About Life Care St. Johns

Life Care St. Johns, Inc., filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 13-04158) on July 3, 2013.  The Debtor is the
owner and operator of a continuing care retirement community known
as Glenmoor consisting of 144 independent living units located on
a 40-acre site in St. Johns County, Florida.

Judge Jerry A. Funk presides over the case.  Richard R. Thames,
Esq., and Eric N. McKay, Esq., at Stutsman Thames & Markey, P.A.,
serves as the Debtor's counsel.  Navigant Capital Advisors, LLC,
acts as the Debtor's financial advisor.  American Legal Claim
Services, LLC, serves as claims and noticing agent.

The Committee of Creditors Holding Unsecured Claims appointed in
the bankruptcy case of Life Care St. Johns, Inc., is represented
by Akerman Senterfitt's David E. Otero, Esq., and Christian P.
George, Esq., in Jacksonville, Florida.

Bruce Jones signed the petition as CEO.  The Debtor estimated
assets of at least $10 million and debts of at least $50 million.


LIFE UNIFORM: Littler Mendelson Approved as Special ERISA Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Life Uniform Holding Corp., et al., to employ Littler Mendelson
P.C. as special ERISA counsel.

As reported in the Troubled Company Reporter on Aug. 5, 2013,
Littler Mendelson will, among other things:

   -- advise on the termination of any employee benefit plans,
      including, but not limited to, a 401(k) plan and welfare
      benefit arrangement;

   -- advise on purchase agreement regarding employee benefit plan
      sponsored by the Debtors; and

   -- make communications with Trustee, the Debtors, the Debtors'
      counsel, buyer, buyer's counsel and service providers
      regarding the termination of any employee benefit plans.

The hourly rates of Littler Mendelson's personnel are:

         Shareholders               $480 - $660
         Of Counsel Associates      $340 - $500
         Paraprofessionals              $285

To the best of the Debtors' knowledge, Littler Mendelson is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                         About Life Uniform

Life Uniform was founded in 1965 when Angelica Corporation decided
to enter the retail uniform industry.  The first Life Uniform
store opened in 1965 in Clayton, Missouri.  At present, Life
Uniform is the nation's largest independently owned medical
professional supplier.

Sun Uniform LLC acquired Life Uniform in July 2004.  Since the
acquisition by Sun the company addressed sagging profitability and
overhead issues and quickly drove increases in profitability
through a combination of store rationalization and sensible
corporate overhead initiatives.  However, recent performance has
been declining in terms of revenue.  This is due to the company's
liquidity issues, which prevented the company from completing its
e-commerce system upgrade, encourage better pricing from vendors,
and maintain sufficient capital.

Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and
Uniform City National Inc. filed Chapter 11 petitions (Bankr. D.
Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013.  The
petitions were signed by Bryan Graiff, COO, CFO, VP, secretary,
and treasurer.  Life Uniform Holding disclosed $10,695,870 in
assets and $36,821,034 in liabilities as of the Chapter 11 filing.

Life Uniform and Uniform City received court authority on July 26
to sell the business for $22.6 million to Scrubs & Beyond LLC.
There were no competing bids, so an auction wasn't held.

First lien lender CapitalSource Finance LLC is owed on a $11.5
million revolver and $26 million term loan.  CapitalSource is
represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and
Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP.

Sun Uniforms Finance LLC is owed $6.1 million in principal on a
second lien note and holds two additional notes, each in the
original principal of $1.08 million.  Angelica Corp. holds an
unsecured junior subordinate not in the principal amount of $5.48
million.

Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg, LLP,
serves as the Debtors' counsel.  Epiq Bankruptcy Solutions acts as
the Debtors' administrative agent, and claims and noticing agent.
The Debtors' financial advisor is Capstone Advisory Group, LLC.

The Official Committee of Unsecured Creditors is represented by
Seth Van Aalten, Esq., at Cooley LLP, and Ann M. Kashishian, Esq.,
at Cousins Chipman & Brown, LLP as counsel.

The U.S Trustee for Region 3 appointed Boris Segalis of
InfoLawGroup LLP as consumer privacy ombudsman in the case.


LIFE UNIFORM: Creditors Have Until Oct. 4 to File Proofs of Claim
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware established
Oct. 4, 2013, at 4 p.m., as the deadline for any individual or
entity to file proofs of claim against Life Uniform Holding Corp.,
et al.

The Court also set Nov. 27, at 4 p.m. as the governmental unit bar
date.

Proofs of claim must be submitted to:

if by mail:

         Life Uniform Holding Corp. Claims Processing Center
         c/o Epiq Bankruptcy Solutions, LLC
         FDR Station, P.O. Box 5285
         New York, NY 10150-5285

if by hand:

         Life Uniform Holding Corp. Claims Processing Center
         c/o Epiq Bankruptcy Solutions, LLC
         757 Third Avenue, 3rd Floor
         New York, NY 10017

The Debtor's counsel can be reached at:

         Domenic E. Pacitti, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         919 N. Market Street, Suite 1000
         Wilmington, DE 19801
         Tel: (302) 426-1189
         Fax: (302) 426-9193

                         About Life Uniform

Life Uniform was founded in 1965 when Angelica Corporation decided
to enter the retail uniform industry.  The first Life Uniform
store opened in 1965 in Clayton, Missouri.  At present, Life
Uniform is the nation's largest independently owned medical
professional supplier.

Sun Uniform LLC acquired Life Uniform in July 2004.  Since the
acquisition by Sun the company addressed sagging profitability and
overhead issues and quickly drove increases in profitability
through a combination of store rationalization and sensible
corporate overhead initiatives.  However, recent performance has
been declining in terms of revenue.  This is due to the company's
liquidity issues, which prevented the company from completing its
e-commerce system upgrade, encourage better pricing from vendors,
and maintain sufficient capital.

Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and
Uniform City National Inc. filed Chapter 11 petitions (Bankr. D.
Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013.  The
petitions were signed by Bryan Graiff, COO, CFO, VP, secretary,
and treasurer.  Life Uniform Holding disclosed $10,695,870 in
assets and $36,821,034 in liabilities as of the Chapter 11 filing.

Life Uniform and Uniform City received court authority on July 26
to sell the business for $22.6 million to Scrubs & Beyond LLC.
There were no competing bids, so an auction wasn't held.

First lien lender CapitalSource Finance LLC is owed on a $11.5
million revolver and $26 million term loan.  CapitalSource is
represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and
Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP.

Sun Uniforms Finance LLC is owed $6.1 million in principal on a
second lien note and holds two additional notes, each in the
original principal of $1.08 million.  Angelica Corp. holds an
unsecured junior subordinate not in the principal amount of $5.48
million.

Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg, LLP,
serves as the Debtors' counsel.  Epiq Bankruptcy Solutions acts as
the Debtors' administrative agent, and claims and noticing agent.
The Debtors' financial advisor is Capstone Advisory Group, LLC.

The Official Committee of Unsecured Creditors is represented by
Seth Van Aalten, Esq., at Cooley LLP, and Ann M. Kashishian, Esq.,
at Cousins Chipman & Brown, LLP as counsel.

The U.S Trustee for Region 3 appointed Boris Segalis of
InfoLawGroup LLP as consumer privacy ombudsman in the case.


LIFECARE HOLDINGS: Defends Gifts to Some Creditors
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that former hospital owner LifeCare Holdings Inc. and its
creditors' committee are defending the ability of buyers to make
"gifts" to some creditors of bankrupt companies while excluding
others.

According to the report, the dispute will be decided by U.S.
District Judge Sue L. Robinson in Delaware.  Although her decision
may go higher on appeal, the outcome will determine whether
unsecured creditors of bankrupt companies continue receiving small
recoveries when strict adherence to bankruptcy law might give them
nothing in some cases.

The report discloses that the U.S. Justice Department, on behalf
of the Internal Revenue Service, appealed to Judge Robinson from
the bankruptcy court's approval of a $360 million sale of
LifeCare's business in exchange for debt owing to secured
creditors.  As the result of a settlement between the lenders and
the unsecured creditors' committee, $3.5 million was carved out in
June exclusively for unsecured creditors.

The report relates that the IRS objected, because nothing would be
left to pay a $24 million gains tax owing to the government.  The
government says priority tax claims must be paid in full under
bankruptcy law before unsecured creditors are entitled to
anything.  The government filed its brief in late July.  LifeCare
and the committee filed their opposing briefs last week.

According to the report, the company and the creditors contend
Judge Robinson is barred from deciding the "gift" question because
Section 363(m) of the U.S. Bankruptcy Code precludes an appeal.
That section says that a sale of a bankrupt property can't be
upset on appeal unless the lower court's order was stayed pending
appeal.  Although the government sought a stay, none was granted.

Since then, $2 million of the $3.5 million has been distributed,
the creditors and the company say.  Consequently, they believe
Judge Robinson is compelled to throw out the appeal because it
would entail setting aside part of the sale, the report discloses.

Mr. Rochelle relates that if Judge Robinson reaches the "gift"
question, LifeCare and the creditors have two major arguments.
First, they say the payments were being made as part of a sale,
not under a plan of reorganization.  They believe strictures on
distribution to creditors don't apply to a sale.  Second, they say
the money earmarked for creditors belonged to the buyers and thus
wasn't property of the bankrupt estate.  Because it's non-estate
property, rules on distribution of bankrupt estates don't apply,
they say.

The government will file its final brief on Sept. 9.

Judge Robinson may decide the question by the year's end.

The settlement was designed to give unsecured LifeCare creditors
$1.5 million from which they estimate having a 7.5 percent cash
recovery.  The settlement gave $2 million cash to subordinated
noteholders, for a 1.7 percent recovery.  The senior lenders
provided another $150,000 for the creditors' lawyers.  The lenders
were owed about $355 million on a secured credit facility with
JPMorgan Chase Bank NA as agent.

                          About LifeCare

LCI Holding Company, Inc., and its affiliates, doing business as
LifeCare Hospitals, operate eight "hospital within hospital"
facilities and 19 freestanding facilities in 10 states.  The
hospitals have about 1,400 beds at facilities in Louisiana, Texas,
Pennsylvania, Ohio and Nevada.  LifeCare is controlled by Carlyle
Group, which holds 93.4% of the stock following a
$570 million acquisition in August 2005.

LCI Holding Company, Inc., and its affiliates, including LifeCare
Holdings Inc., sought Chapter 11 protection (Bankr. D. Del. Lead
Case No. 12-13319) on Dec. 11, 2012, with plans to sell assets to
secured lenders.

Ken Ziman, Esq., and Felicia Perlman, Esq., at Skadden, Arps,
Slate Meagher & Flom LLP, serve as counsel to the Debtors.
Rothschild Inc. is the financial advisor.  Huron Management
Services LLC will provide the Debtors an interim chief financial
officer and certain additional personnel; and (ii) designate
Stuart Walker as interim chief financial officer.

The steering committee of lenders is represented by attorneys at
Akin Gump Strauss Hauer & Feld LLP and Blank Rome LLP.  The agent
under the prepetition and postpetition secured credit facility is
represented by Simpson Thacher & Barlett LLP.

The Debtors disclosed assets of $422 million and liabilities
totaling $575.9 million as of Sept. 30, 2012.  As of the
bankruptcy filing, total long-term obligations were $482.2 million
consisting of, among other things, institutional loans and
unsecured subordinated loans.  A total of $353.4 million is owing
under the prepetition secured credit facility.  A total of
$128.4 million is owing on senior subordinated notes.  LifeCare
Hospitals of Pittsburgh, LLC, a debtor-affiliate disclosed
$24,028,730 in assets and $484,372,539 in liabilities as of the
Chapter 11 filing.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP.  FTI Consulting, Inc., serves
as its financial advisor.


LIGHTSQUARED INC: Harbinger Files Chapter 11 Reorganization Plan
----------------------------------------------------------------
Harbinger Capital Partners LLC on Friday filed a Chapter 11 plan
of reorganization, which calls for full payment of claims against
LightSquared Inc. and its affiliated debtors.

The plan filed by Philip Falcone's investment firm proposes to pay
in full all creditors and equity holders through the distribution
of new unsecured notes issued by LightSquared Inc. as well as cash
and new secured notes issued by the holdings company and
LightSquared LP.

Under the proposed plan, administrative and priority tax claims
estimated at $25 million, and debtor-in-possession facility claims
estimated at $66 million are not classified, and would be paid in
full.  All other claims and equity interests estimated at $3.206
billion are classified.

Holders of LightSquared LP's preferred shares and lenders who
provided $1.5 billion secured bank loan to the company would
receive full payment, which is subject to the outcome of the
lawsuit filed by Harbinger against Dish Network Corp. Chairman
Charlie Ergen over allegedly improper purchases of LightSquared's
debt.

Full-text copies of Harbinger's proposed plan and disclosure
statement are available for free at:

     http://bankrupt.com/misc/LightSquared_PlanHarbinger.pdf
     http://bankrupt.com/misc/LightSquared_DSHarbinger.pdf

Unlike the two other proposals from LightSquared and a group of
lenders, Harbinger's plan contemplates the "global reorganization
of all of the debtors" rather than a sale of their assets,
according to its lawyer, David Friedman, Esq., at Kasowitz Benson
Torres & Friedman LLP, in New York.

Mr. Friedman also said the Harbinger plan "offers the quickest and
best path" to obtain approval from the Federal Communications
Commission as it does not depend on a sale of the spectrum assets.

Pursuant to the Harbinger plan, LightSquared Inc. and its
affiliated debtors will continue to exist after the effective date
of the plan as separate entities, and will maintain their pre-
bankruptcy organizational structure.

The board of directors of the reorganized LightSquared Inc. will
consist of seven directors, subject to the terms of the financing
facility that will be provided as of the effective date of the
Harbinger plan.

The amount of the exit facility will be determined by Harbinger
and the lenders but, in all cases, will be in an amount not less
than $500 million.  The investment firm has already reached an
agreement with Melody Capital Advisors LLC, as lead
Arranger, in connection with the exit financing.

LightSquared Inc. and its affiliated debtors, at their option, may
access $190 million of the exit facility prior to Dec. 15 as
debtor-in-possession financing to continue their operations
through June 30, 2014.

             Harbinger Seeks Approval of Plan Outline

Harbinger is asking U.S. Bankruptcy Judge Shelley Chapman to
approve the outline of its plan or the so-called disclosure
statement, saying it satisfies the requirements of section 1125 of
the Bankruptcy Code.

The provision requires that a disclosure statement contain
adequate information to permit voting creditors to make an
informed decision on a bankruptcy plan.

Harbinger's proposed disclosure statement will be considered for
approval, together with the outline of the plans proposed by
LightSquared and the lenders group, at the Sept. 30 hearing.

Mr. Friedman can be reached at:

     Kasowitz Benson Torres & Friedman LLP
     1633 Broadway
     New York, New York 10019
     Tel: (212) 506-1700
     Fax: (212) 506-1800
     Email: dfriedman@kasowitz.com

                      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.


LIME ENERGY: Fails to Meet $2.5MM Min. Stockholders' Equity
-----------------------------------------------------------
Lime Energy Co., on Aug. 20, 2013, received a letter from NASDAQ
notifying the Company that it was not in compliance with Listing
Rule 5550(b) because the Company's stockholders' equity, as
reported in the Company's quarterly report on Form 10-Q for the
period ended June 30, 2013, as filed on Aug. 19, 2013, was less
than $2,500,000, a NASDAQ Capital Market continued listing
criterion, and the Company did not meet either of the alternative
NASDAQ Capital Market continued listing criteria -- market value
of listed securities or net income from continuing operations --
as of Aug. 19, 2013.  The Stockholders' Equity Deficiency may
serve as an additional basis for the delisting of the Company's
common stock from NASDAQ.  That letter also formally notified the
Company that the Panel would consider the Stockholders' Equity
Deficiency in their decision regarding the Company's continued
listing on NASDAQ.

The Company provided the Panel with a compliance plan related to
the Minimum Bid price Deficiency on Aug. 19, 2013, which provides
for the Company to effect a reverse stock split by Sept. 30, 2013,
if necessary to regain compliance with Listing Rule 5450(a)(1).
In that plan, the Company also notified the Panel of its non-
compliance with Listing Rule 5550(b).  To remedy the Stockholders'
Equity Deficiency, the Company has had, and continues to have,
discussions with some of the holders of its outstanding
subordinated secured convertible pay-in-kind notes.  Based on
those discussions, the Company expects that some of those
outstanding notes will be exchanged for preferred stock and that
some of the Noteholders will purchase additional preferred stock
in a private placement.  If the Company is unable to complete
those transactions, or otherwise raise capital, or if the proceeds
of those transactions are not sufficient to remedy the
Stockholders' Equity Deficiency, the Company's common stock may be
delisted from NASDAQ.  If the Company is able to complete the
exchange and sale, it may be on terms that are not favorable to it
or its existing stockholders.

In its submission to the Panel on Aug. 19, 2013, the Company
updated the Panel regarding its discussions with the Noteholders
and its plans to raise capital or convert debt to equity, and
committed to providing the Panel with additional information
regarding its plan to raise capital or convert equity to debt by
Aug. 30, 2013.  The Panel's Letter continued the listing of the
Company's common stock on NASDAQ, pending receipt of that
additional information.  If the Company does not timely remedy the
Minimum Bid Price Deficiency or the Stockholders' Equity
Deficiency, the Company's common stock may be delisted from
NASDAQ.

Lime Energy previously received four deficiency notices from The
NASDAQ Stock Market LLC for failure to comply with NASDAQ Listing
Rule 5250(c)(1) because the Company did not timely file its
quarterly reports on Form 10-Q for the quarters ended June 30,
2012, Sept. 30, 2012, and March 31, 2013, and its annual report on
Form 10-K for the year ended Dec. 31, 2012.  In connection with
the first two of those deficiencies, the Company received a
determination letter from the NASDAQ Listing Qualifications Staff
on Jan. 9, 2013, advising that, because those deficiencies had not
yet been cured, trading in the Company's common stock would be
subject to suspension and the Company's securities could be
removed from listing and registration on The NASDAQ Stock Market
absent a request for a hearing before the NASDAQ Hearings Panel.
Pursuant to the Company's request, on Feb. 21, 2013, the Panel
held a hearing to review the listing determination and to consider
the Company's request for additional time to regain compliance.
On March 6, 2013, the Panel granted the Company's request for
continued listing on NASDAQ, subject to the Company satisfying
certain conditions relating to the filing of the Delinquent
Reports, which conditions were modified by the Panel on July 2,
2013.

The Company timely satisfied all of the Panel's conditions, as
modified, and on Aug. 21, 2013, received a letter from the Panel
confirming that the Company had regained compliance with Listing
Rule 5250(c)(1), but informing the Company that the Panel would
retain jurisdiction over the Company's continued listing on The
NASDAQ Stock Market.

As previously disclosed, on Aug. 29, 2012, the Company received a
letter from NASDAQ, notifying the Company that for the previous 30
consecutive business days, the bid price of the Company's common
stock had closed below the minimum $1.00 per share requirement for
continued inclusion on NASDAQ, as set forth in Listing Rule
5450(a)(1).  NASDAQ granted the Company two consecutive grace
periods of 180 days each to remedy the Minimum Bid Price
Deficiency, the second of which will expire on Aug. 26, 2013.

                         About Lime Energy

Huntersville, N.C.-based Lime Energy Co. designing and
implementing energy efficiency programs that enable the Company's
utility clients to reach their underserved markets and achieve
their energy reduction goals.

The Company's balance sheet at March 31, 2013, showed
$32.4 million in total assets, $29.6 million in total liabilities,
and stockholders' equity of $2.8 million.

BDO USA, LLP, in Chicago, in their audit report on Lime Energy's
financial statements for the year ended Dec. 31, 2012, said that
the Company's recurring losses and negative cash flow from
operations raise substantial doubt about its ability to continue
as a going concern.


LONGVIEW POWER: Kvaerner Says Exposure to Bankruptcy Unclear
------------------------------------------------------------
Reuters reports that Norwegian industrial group Kvaerner, which
was involved in the construction of the $2-billion Longview coal
power plant in the U.S., said on Monday it was unclear how it
would be hit financially by the plant's bankruptcy.

Longview Power LLC along with affiliates, including Mepco
Holdings, LLC and its affiliates, commenced Chapter 11 proceedings
(Bankr. D. Del. Lead Case No. 13-12211) on Aug. 30, 2013.
Longview Power, majority-owned by First Reserve Corp, a private
investment firm, listed liabilities and assets of more than
$1 billion.  Longview Power blamed a unit of Germany's Siemens for
delays in construction that left it unable to pay its debts.

Bankruptcy Judge Brendan Linehan Shannon oversees the case.
Richard M. Cieri, Esq., Paul M. Basta, P.C., Esq., Ray C. Schrock,
P.C., Esq., and Ryan Preston Dahl, Esq., at Kirkland & Ellis LLP,
serve as the Debtors' counsel.  Daniel J. DeFranceschi, Esq., Paul
N. Heath, Esq., Zachary I. Shapiro, Esq., Amanda R. Steele, Esq.,
and Marisa A. Terranova, Esq., at Richards, Layton & Finger, P.A.,
serve as Delaware counsel.  David A. Pisciotta, Esq., Scott E.
Koerner, Esq., David Farrington Yates, Esq., Phillip R. White,
Esq., and David W. Kiefer, Esq., at Dentons US LLP, serve as
special counsel.  Lazard Freres & Company LLC is the Debtors'
invesetment banker, Alvarez & Marsal North America, LLC, is the
Debtors' restructuring advisor, Ernst & Young acts as accountants,
and Donlin, Recano & Co., Inc., serves as the claims agent.

The petitions were signed by Jeffery L. Keffer, the Company's
Chief Executive Officer, President, Treasurer and Secretary.


MACROSOLVE INC: Posts $12,600 Net Income in Second Quarter
----------------------------------------------------------
Macrosolve, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $12,671 on $302,253 of net revenues for the quarter ended
June 30, 2013, as compared with a net loss of $779,434 on $206,275
of net revenues for the same period last year.

For the six months ended June 30, 2013, the Company reported net
income of $230,820 on $968,351 of net revenues, as compared with a
net loss of $1.48 million on $905,507 of net revenues for the same
period a year ago.

Macrosolve incurred a net loss of $1.77 million in 2012, as
compared with a net loss of $2.53 million in 2011.

The Company's balance sheet at June 30, 2013, showed $1.78 million
in total assets, $1.01 million in total liabilities and $773,419
in total stockholders' equity.

"The year-to-date financial results are positive in all respects,"
stated Kendall Carpenter, CFO.  "We are running a lean operation,
growing cash, reducing debt and increasing equity investments in
our mobile app venture customers, a successful execution of our
2013 business strategy."

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

                        http://is.gd/uD8wVj

                      About MacroSolve, Inc.

Tulsa, Okla.-based MacroSolve, Inc. (OTC BB: MCVE)
-- http://www.macrosolve.com/-- is a technology and services
company that develops mobile solutions for businesses and
government.  A mobile solution is typically the combination of
mobile handheld devices, wireless connectivity, and software that
streamlines business operations resulting in improved efficiencies
and cost savings.


MANAGEMENT SOLUTIONS: Judges Approves Receiver's Liquidation Plan
-----------------------------------------------------------------
Tom Harvey at The Salt Lake Tribune reports that U.S. District
Judge Bruce Jenkins on August 26 took a major step to resolving
one of Utah's largest financial frauds, approving a plan to sell
off tens of millions of dollars in property owned by a Fountain
Green-based real estate management company.

According to the report, Judge Jenkins again rejected an
alterative plan proposed by about 200 investors who had put more
than $200 million into Management Solutions Inc. The judge instead
gave his OK to a proposal by a court-appointed receiver to sell
off dozens of properties, consisting largely of apartment
buildings in various states, to the highest bidders, the report
relates.

He also authorized the engagement of a real estate broker to
manage the sales, which could include bids by investors who
believe the liquidation plan approved by the judge will cost them
tens of millions of dollars, The Salt Lake Tribune reports.

The report says Management Solutions and father and son owners
Wendell and Allen Jacobson were sued in December 2011 by the
Securities and Exchange Commission that alleged the company was
insolvent and that the owners had lied to or withheld important
information from investors and had operated the business as a
Ponzi scheme.

As reported in the TCR on Dec. 27, 2011, at the behest of the U.S.
Securities and Exchange Commission, District Judge Bruce S.
Jenkins in Utah appointed John A. Beckstead of Holland & Hart LLP
to serve without bond as receiver for the estates of Management
Solutions, Inc., Parkwood Management Company, LLC, and Starwood
Management Company, as well as all assets of individuals Wendell
Jacobson and Allen Jacobson.  The receiver may choose to place
those entities in bankruptcy.  The case is SECURITIES AND EXCHANGE
COMMISSION, v. MANAGEMENT SOLUTIONS, INC., a Texas Corporation;
WENDELL A. JACOBSON, and ALLEN R. JACOBSON, Case No. 4:11-mc-
03069-UNA (D. Utah).  A copy of the Court's Dec. 22, 2011 Order is
available at http://is.gd/yMObEKfrom Leagle.com.


MAXCOM TELECOM: Banco Invex, et al., Submit Purchase Proposal
-------------------------------------------------------------
Ventura Capital Privado, S.A. de C.V., a sociedad anonima de
capital variable, organized and existing under the laws of the
United Mexican States announced that Banco Invex S.A., Institucion
de Banca Multiple, Invex Grupo Financiero, a banking institution
organized and existing under the laws of the United Mexican
States, as Trustee for the Trust 1387, Ventura Capital, Javier
Molinar Horcasitas and Enrique Castillo Sanchez Mejorada have made
an offer in the U.S. to purchase:

   (i) all of the outstanding Series A common stock, without par
       value of Maxcom Telecomunicaciones, S.A.B. de C.V., at a
       price of Ps. 0.9666 per Share;

  (ii) all of the outstanding Ordinary Participation Certificates
       ("CPOs") of Maxcom, at a price of Ps. 2.90 per CPO; and

(iii) all of the outstanding American Depository Shares of Maxcom
      ("ADSs" and collectively with the Shares and CPOs, the
       Securities"), at a price of Ps. 20.30 per ADS, in each case
       held by persons who are not Mexican residents.

Each ADS represents seven CPOs.  Each CPO represents three Shares.

The U.S. Equity Offer will expire at 12:00 midnight, New York City
time (11:00 p.m., Mexico City time) on Sept. 26, 2013, unless
extended by the Purchasers.  Simultaneously with the commencement
of the U.S. Equity Offer, the Purchasers are offering to purchase
all of the outstanding Shares and CPOs of Maxcom in Mexico, in
each case, including those held by U.S. residents.

A copy of the Offer to Purchase is available for free at:

                        http://is.gd/lVzDsg

                            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.


MMRGLOBAL INC: Amends Charter to Hike Authorized Shares to 1.2BB
----------------------------------------------------------------
The stockholders of MMRGlobal, Inc., on July 17, 2013, approved an
amendment to the Company's Amended and Restated Certificate of
Incorporation to increase the number of authorized shares of
common stock from 950,000,000 to 1,250,000,000.  The Company
submitted the Charter Amendment to the Delaware Secretary of
State's office on Aug. 20, 2013, and the Charter Amendment became
effective on the same day.

                           About MMRGlobal

Los Angeles, Calif.-based MMR Global, Inc. (OTC BB: MMRF)
-- http://www.mmrglobal.com/-- through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-
use online Personal Health Records (PHRs) and electronic safe
deposit box storage solutions, serving consumers, healthcare
professionals, employers, insurance companies, financial
institutions, and professional organizations and affinity groups.

The Company's balance sheet at March 31, 2013, showed $2.25
million in total assets, $9.04 million in total liabilities and a
$6.79 million total stockholders' deficit.

MMRGlobal incurred a net loss of $5.90 million in 2012, as
compared with a net loss of $8.88 million in 2011.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the years ended
Dec. 31, 2012, and 2011, that raise substantial doubt about the
Company's ability to continue as a going concern.


MONARCH COMMUNITY: Shareholders Elect Three Directors
-----------------------------------------------------
Monarch Community Bancorp, Inc., held its annual meeting of
shareholders on Aug. 20, 2013, at which the shareholders elected
Craig W. Dally, Richard J. DeVries and Richard L. Dobbins as
directors, each for a three-year term to expire in 2016.  The
stockholders approved the executive compensation of the Company
and ratified the appointment of Plante & Moran, PLLC, as the
Company's independent auditors for the fiscal year ending Dec. 31,
2013.

                       About Monarch Community

Coldwater, Michigan-based Monarch Community Bancorp, Inc., was
incorporated in March 2002 under Maryland law to hold all of the
common stock of Monarch Community Bank, formerly known as Branch
County Federal Savings and Loan Association.  The Bank converted
to a stock savings institution effective Aug. 29, 2002.  In
connection with the conversion, the Company sold 2,314,375 shares
of its common stock in a subscription offering.

Plante & Moran, PLLC, in Auburn Hills, Michigan, expressed
substantial doubt about Monarch Community's ability to continue as
a going concern.  The independent auditors noted that the
Corporation has suffered recurring losses from operations and as
of Dec. 31, 2011, did not meet the minimum capital requirements as
established by the regulators.

The Corporation reported a net loss of $353,000 on $6.8 million of
net interest income (before provision for loan losses) in 2011,
compared with a net loss of $10.9 million on $7.5 million of net
interest income (before provision for loan losses) in 2010.  Total
non-interest income was $4.0 million for 2011, compared with
$3.7 million for 2010.

The Company's balance sheet at Dec. 31, 2011, showed
$208.1 million in total assets, $197.0 million in total
liabilities, and stockholders' equity of $11.1 million.


MONTREAL MAINE: Expedited Request Made for Committee
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a request was lodged at the end of last week for
expedited appointment of an official committee to represent those
who suffered damage in the Montreal Maine & Atlantic Railway Ltd.
disaster.

Representatives of 18 individuals killed in the disaster filed
papers in bankruptcy court on Aug. 22 seeking appointment of an
official committee to represent wrongful-death claimants.

The hearing on the motion is scheduled for Oct. 3.  On Aug. 30,
the Quebec provincial government, the municipal government in
Lac-Megantic, Quebec, and representatives of class plaintiffs
filed their own request for appointment of a victims' committee.
They want the court to hold an expedited hearing on Sept. 13 to
call for appointment of the panel.

The governments want a committee appointed quickly because they
say important events will take place before the Oct. 3 hearing.

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein Shur, has been named as
chapter 11 trustee.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MONTREAL MAINE: U.S. Court Asked to Handle Victims' Compensation
----------------------------------------------------------------
Judy Harrison, writing for Bangor Daily News, reported that a
federal bankruptcy judge could decide how much compensation
families of the victims killed by the train crash in Lac-Megantic,
Quebec, receive.

According to the report, a motion filed last month in the
Montreal, Maine and Atlantic Railway's bankruptcy petition asked
U.S. Bankruptcy Judge Louis Kornrich to appoint a committee to
represent wrongful death and personal injury claimants.

If the railroad agreed to allowing the bankruptcy court to handle
compensation to victims, the company could avoid dealing with
dozens of individual wrongful death lawsuits with "verdicts
totalling hundreds of millions of dollars," Bangor lawyer George
Kurr said in the motion, the report related.

MMA filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in
Bangor and in Canada on Aug. 7, a month after one of its trains
rolled driverless down a hill before derailing in the middle of
the town of Lac-Megantic, causing a fiery explosion that killed 47
people, the report recalled.

The estates of 33 of the victims, which have filed lawsuits
against the railroad in Canada, joined in submitting the motion,
the report said. Forming a committee to make recommendations about
compensation to the judge would be the fairest way to represent
their interests, which are different than the interests of other
creditors, Kurr wrote.

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein Shur, has been named as
chapter 11 trustee.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MW GROUP: Hearing on Collateral Valuation Continued to Oct. 2
-------------------------------------------------------------
The Bankruptcy Court has continued the hearing on the motion of MW
Group LLC for valuation of collateral to Oct. 2, 2013, at 9:30
a.m.

As reported by the TCR on June 13, 2013, the Debtor sought the
valuation of the collateral to determine the value of the claim of
Bank of America, N.A., secured by property of the estate for the
purposes of plan confirmation.

Bank of America asserts that as of the Petition Date, it was owed
$5,201,057 in unpaid principal, $443,938 in accrued and unpaid
interest, and $80,424 in legal fees and costs.

Based upon appraisals conducted by Bidencope & Associates, the
Debtor contends that the fair market value of the Bank of America
collateral is $10,614,000.

                           About MW Group

Charlotte, North Carolina-based MW Group LLC filed for Chapter 11
bankruptcy (Bankr. W.D.N.C. Case No. 11-32674) on Oct. 21, 2011.
The Debtor scheduled assets of $10.32 million and liabilities of
$8.42 million.  Donald R. James signed the petition as manager.

The Debtor's assets consist of 36.5 acres of vacant land, 48 condo
units for rent, and 200 apartments known as Weyland and Weyland
II, located in Charlotte, Mecklenburg County, North Carolina.

No official committee of unsecured creditors has been appointed in
the case.


MW GROUP: Disclosure Statements Hearing Moved to October 16
-----------------------------------------------------------
The Bankruptcy Court has continued the hearing on the approval of
the disclosure statement with respect to the Chapter 11 plan filed
by creditor Bank of America, N.A., and the disclosure statement
filed by MW Group, LLC, to Oct. 16, 2013, at 9:30 a.m.

                           About MW Group

Charlotte, North Carolina-based MW Group LLC filed for Chapter 11
bankruptcy (Bankr. W.D.N.C. Case No. 11-32674) on Oct. 21, 2011.
The Debtor scheduled assets of $10.32 million and liabilities of
$8.42 million.  Donald R. James signed the petition as manager.

The Debtor's assets consist of 36.5 acres of vacant land, 48 condo
units for rent, and 200 apartments known as Weyland and Weyland
II, located in Charlotte, Mecklenburg County, North Carolina.

No official committee of unsecured creditors has been appointed in
the case.


NEXTIO INC: Shuts Doors After 10 Years, Set to File for Chapter 7
-----------------------------------------------------------------
Kirk Ladendorf at Austin American-Statesman reports that NextIO
Inc., an Austin startup that developed networking technology for
data centers, has closed its doors after 10 years in business.

The report relates that NextIO's CEO K.C. Murphy said the company
was funding its operations through a loan, and the bank that held
the loan asked for repayment, forcing the company's shutdown.

According to the report, the company had attracted $70 million in
investment over the years and had drawn interest from major tech
companies including IBM Corp. and Dell Inc., but its sales
collapsed late last year.  Mr. Murphy said the company attempted
to attract a buyer this year, but could not get a sale closed
despite extensive negotiations with Dell Inc. and Samsung
Electronics, the American-Statesman relays.  The company had 70
employees at its peak last year, and was at about 35 employees
when it ceased operations, the report notes.

NextIO started as a networking chip company and then shifted
toward a systems company that developed technology to simplify big
computer networks inside data centers, the report discloses.

Austin American-Statesman reports that Mr. Murphy said the company
succeeded in developing products that could cut costs and improve
efficiency in data networks, but it had a hard time winning
acceptance from U.S.-based companies, who he said take a risk-
averse approach toward the equipment it uses in data centers. The
company had better luck in Europe, where customers were willing to
try its technology out and buy some.

"North America is incredibly risk-averse," the report quotes
Mr. Murphy as saying. "U.S. companies are unwilling to commit to
anything" that isn't guaranteed by Cisco Systems, the sales leader
in networking equipment."

The report relates that Mr. Murphy said he expects the company
will file for a Chapter 7 liquidation bankruptcy in which the main
asset will be its intellectual property.

He expects to assist with the liquidation process, Austin
American-Statesman adds.


NNN 3500 MAPLE 26: 18-Story Dallas Tower Owner Files Again
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the 18-story office tower at 3500 Maple Avenue on the
north side of downtown Dallas is back in Chapter 11, again to
forestall imminent foreclosure.

The report recounts that one of the many owners of the property
filed for bankruptcy reorganization in California in November,
just before scheduled foreclosure on a mortgage in the original
principal amount of $47 million.  The California judge sent the
case to Dallas.  In May the Dallas bankruptcy judge granted the
lender permission to foreclose, saying the owners had no equity in
the property.  One of the owners had filed a proposed Chapter 11
plan. The judge found the plan lacking because not all owners had
submitted themselves to the bankruptcy court.

The report relates that on Aug. 29, 27 of the 33 owners,
representing 82.5 percent of the equity in the building, filed
separate Chapter 11 petitions in Dallas.  The new filing was
designed to halt foreclosure scheduled for Sept. 3.

The owners say they intend to file a reorganization plan
accompanied by capital investments to renovate the glass-clad
tower built in 1985.  About 40 percent of the space is vacant,
according to the broker's website.

The prior case is In re NNN 3500 Maple 26 LLC, 13-30401, U.S.
Bankruptcy Court, Northern District of Texas (Dallas).  The first-
filed among the new cases is NNN 3500 Maple 1 LLC, 13-34362, in
the same court.


NNN CYPRESSWOOD: Wants Exclusive Periods Extended Until Oct. 27
---------------------------------------------------------------
NNN Cypresswood Drive 25 LLC asks the U.S. Bankruptcy Court for
the Northern District of Illinois to extend until Oct. 27, 2013,
its exclusive periods to file and solicit acceptances for the
Chapter 11 Plan.

The Court will convene a hearing on Sept. 11, 2013, at 10:30 a.m.,
to consider the Debtor's request for exclusivity extension.

The Debtor has already filed a Plan and Disclosure Statement.  The
Debtor explains that cause exists for an extension of its
exclusive right to file an amended plan or confirm the current
Plan because an appeal is pending before the District Court.

The District Court's ruling on the appeal will determine whether
the Plan as constituted is confirmable or whether the Debtor will
be required to file an amended plan with the Court.

The Debtor notes that the Bankruptcy Court entered an order
denying the motion of WBCMT to continue the foreclosure proceeding
against all of the non-Debtor tenant in common (TICs), including
the participating TICs; and allowing  WBCMT to pursue its remedies
under state law against the non-Debtor TICs, including, but not
limited to, the continuation of the foreclosure proceeding.

                    About NNN Cypresswood Drive

NNN Cypresswood Drive 25, LLC, filed a Chapter 11 petition (Bankr.
N.D. Ill. Case No. 12-50952) on Dec. 31, 2012, in Chicago.  The
Debtor, a Single Asset Real Estate as defined in 11 U.S.C. Sec.
101(51B), has principal assets located at 9720 & 9730 Cypresswood
Drive, in Houston, Texas.  The Debtor valued its assets and
liabilities at less than $50 million.  In its schedules, the
Debtor disclosed assets of Unknown amount and $35,181,271 in
liabilities as of the Chapter 11 filing.

Michael L. Gesas, Esq., at Arnstein & Lehr LLP, in Chicago,
represent the Debtor as counsel.  Mubeen M. Aliniazee and
Highpoint Management Solutions, LLC, serve as the Debtor's
financial consultant.

No trustee, examiner, or statutory creditors' committee has been
appointed in this chapter 11 case.


NORTHERN BEEF: Committee Taps P. Dougherty as Local Counsel
-----------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 case of Northern Beef Packers Limited Partnership seeks
authority from the U.S. Bankruptcy Court for the District of South
Dakota to retain Patrick T. Dougherty, Esq., -- pat@ptdlawfirm.com
-- in Sioux Falls, South Dakota, as bankruptcy attorney.

Mr. Dougherty will act as local counsel for the Chicago law firm
of Robbins, Salomon & Patt, Ltd.  The compensation will be $250
per hour plus sales tax and costs.

Mr. Dougherty assures the Court that he is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Committee's.

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for
Chapter 11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19,
2013.  Karl Wagner signed the petition as chief financial officer.
Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least
$10 million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C., serves at the Debtor's counsel.  Cozen O'Connor serves as
co-counsel.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.


ORCHARD SUPPLY: Lowe's Finishes Purchase of 72 Stores
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Lowe's Cos. added 72 locations to its lineup of 1,825
home-improvement stores when it completed the $205 million Orchard
Supply Hardware Stores Corp. acquisition on Aug. 30.  Lowe's will
operate Orchard Supply as a stand-alone brand.

According to the report, the sale had been approved earlier in
August by the U.S. Bankruptcy Court in Delaware.  In addition to
the cash purchase price, Lowe's said it covered "nearly all"
payables to suppliers of Orchard Supply.

The sale completed, the remnants of Orchard Supply are primed to
promulgate a Chapter 11 plan because the creditors' committee
negotiated a settlement with secured term-loan lenders assuring
payment of costs of the Chapter 11 case and a distribution for
unsecured creditors.

The settlement is scheduled for approval in bankruptcy court
Sept. 4.

At the outset of bankruptcy, Orchard had 89 stores in California
and two in Oregon. The inventory in the 19 stores that Lowe's
didn't buy is being liquidated in going-out-of-business sales.

                      About Orchard Supply

San Jose, Cal.-based Orchard Supply Hardware Stores Corporation
operates neighborhood hardware and garden stores focused on paint,
repair and the backyard.  It was spun off from Sears Holdings
Corp. in 2012.

Orchard Supply and two affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-11565) on June 16 to facilitate a
restructuring of the company's balance sheet and a sale of its
assets for $205 million in cash to Lowe's Companies, Inc., absent
higher and better offers.  In addition to the $205 million cash,
Lowe's has agreed to assume payables owed to nearly all of
Orchard's supplier partners.

Bankruptcy Judge Christopher S. Sontchi oversees the case.
Michael W. Fox signed the petitions as senior vice president and
general counsel.  The Debtors disclosed total assets of
$441,028,000 and total debts of $480,144,000.

Stuart M. Brown, Esq., at DLA Piper LLP (US), in Wilmington,
Delaware; and Richard A. Chesley, Esq., Chun I. Jang, Esq., and
Daniel M. Simon, Esq., at DLA Piper LLP (US), in Chicago,
Illinois, are the Debtors' counsel.  Moelis & Company LLC serves
as the Debtors' investment banker.  FTI Consulting, Inc., serves
as the Debtors' financial advisors.  A&G Realty Partners, LLC,
serves as the Debtors' real estate advisors.  BMC Group Inc. is
the Debtors' claims and noticing agent.

The Official Committee of Unsecured Creditors appointed in case
has retained Pachulski Stang Ziehl & Jones LLP as counsel, and
Alvarez & Marsal as financial advisors.


OVERSEAS SHIPHOLDING: Delayed 2012 Form 10-K Shows $480.1MM Loss
--------------------------------------------------------------
Overseas Shipholding Group, Inc., filed with the U.S. Securities
and Exchange Commission its delayed quarterly report for the third
quarter of 2012 and annual report for the year ended Dec. 31,
2012.

The Annual Report the Quarterly Report were delayed pending the
completion of an inquiry conducted by the Company, at the request
and under the direction of the audit committee of the board of
directors of the Company, into the Company's understatement of its
U.S. federal income tax payments and its provision for income
taxes.  The Company completed its inquiry and an analysis of the
consequences in June 2013.

On Oct. 19, 2012, the Audit Committee, on the recommendation of
management, concluded that the Company's previously issued
financial statements for at least each of the three calendar years
in the three year period ended Dec. 31, 2011, and for each of the
calendar quarters ended March 31, 2012, and June 30, 2012, should
no longer be relied upon.  Upon completion of the inquiry, it was
determined that there were errors in the Company's previously
issued financial statements for each of the 12 calendar years in
the 12 year period ended Dec. 31, 2011, and for each of the
calendar quarters ended March 31, 2012, and June 30, 2012, and
those financial statements should be restated.  Accordingly, the
Company has restated its previously issued financial statements
for the two calendar years ended Dec. 31, 2011, and 2010 and for
each of the calendar quarters ended March 31, 2012, and June 30,
2012, in the Annual Report on Form 10-K.

The Company reported a net loss of $480.11 million on $1.13
billion of shipping revenues for the year ended Dec. 31, 2012, as
compared with a net loss of $201.36 million on $1.04 billion of
shipping revenues during the prior year, as restated.  The
Company's balance sheet at Dec. 31, 2012, showed $4.04 billion in
total assets, $3.50 billion in total liabilities and $534.24
million in total equity.

For the three months ended Sept. 30, 2012, the Company reported a
net loss of $25.78 million on $297.50 million of shipping
revenues, as compared with a net loss of $62.52 million on $256.37
million of shipping revenues for the three months ended Sept. 30,
2011, as restated.

A copy of the 2012 Form 10-K is available for free at:

                        http://is.gd/w1K5VI

A copy of the Q3 2012 Form 10-Q is available for free at:

                        http://is.gd/CYBRDP

                     About Overseas Shipholding

Overseas Shipholding Group, Inc., headquartered in New York, is
one of the largest publicly traded tanker companies in the world,
engaged primarily in the ocean transportation of crude oil and
petroleum products.  OSG owns or operates 111 vessels that
transport oil and petroleum products throughout the world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.


OXIGENE INC: Incurs $1.6-Mil. Net Loss in Second Quarter
--------------------------------------------------------
OXiGENE, Inc., filed its quarterly report on Form 10-Q, reporting
a net loss of $1.6 million for the three months ended June 30,
2013, compared with a net loss of $2.3 million for the same period
last year.

The Company reported a net loss of $3.5 million for the six months
ended June 30, 2013, compared with a net loss of $4.1 million for
the corresponding period of 2012.

"We did not recognize any revenue in the three month periods ended
June 30, 2013, or June 30, 2012.  We recognized approximately $0
and $114,000 in product revenue for the six month periods ended
June 30, 2013, and June 30, 2012, respectively.

The Company's balance sheet at June 30, 2013 showed $8.3 million
in total assets, $891,000 in total current liabilities, and
stockholders' equity of $7.4 million.

"We have experienced negative cash flow from operations each year
since our inception, except in fiscal 2000.  As of June 30, 2013,
we had an accumulated deficit of approximately $228,966,000.  We
expect to continue to incur increased expenses, resulting in
losses, over at least the next several years due to, among other
factors, our continuing and planned clinical trials and
anticipated research and development activities."

Ernst & Young LLP, in Redwood City, California, expressed
substantial doubt about OXiGENE, Inc.'s ability to continue as a
going concern, following its report on the Company's financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has incurred operating losses
since inception and expects to continue to incur operating losses
over the next several years.

A copy of the Form 10-Q is available at http://is.gd/SbH6qN

South San Francisco, Calif.-based OXiGENE, Inc., is a
biopharmaceutical company primarily focused on the development of
vascular disrupting agents, or VDAs, for the treatment of cancer.


PATRIOT COAL: Wants Documents From Peabody More Quickly
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Patriot Coal Corp. wants the bankruptcy judge to
compel former parent Peabody Energy Corp. to speed up the
investigation of the spinoff in October 2007.

The report recounts that Patriot first requested documents
informally from Peabody in January.  In April the bankruptcy judge
gave Patriot formal authority to compel turnover of information
and documents.  So far, Peabody, also based in St. Louis, has
produced only 3,428 documents, Patriot says.  According to
Patriot, Peabody said it can't complete document production until
early next year.

According to the report, Patriot filed papers in bankruptcy court
last week scheduling a hearing on Sept. 13 for compelling the
completion of document production by Oct. 1.  Patriot said it
wants to use the documents to decide if the spinoff "constituted
an actual or constructive fraudulent transfer."

                        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.


PETRON ENERGY: Incurs $1.3 Million Net Loss in Second Quarter
-------------------------------------------------------------
Petron Energy II, 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 $20,760 of oil & gas sales for the
three months ended June 30, 2013, as compared with a net loss of
$472,707 on $104,942 of oil & gas sales for the same period last
year.

For the six months ended June 30, 2013, the Company reported a net
loss of $1.70 million on $127,634 of oil & gas sales, as compared
with a net loss of $7.02 million on $195,576 of oil & gas sales
for the same period a year ago.

The Company's balance sheet at June 30, 2013, showed $2.31 million
in total assets, $4.96 million in total liabilities and a $2.65
million total stockholders' deficit.

A copy of the quarterly report, as amended, is available for free
at http://is.gd/bCfKeC

The quarterly report was amended for the purpose of including
certain information on the cover page of the original filing that
was inadvertently omitted.

                        About Petron Energy

Dallas-based Petron Energy II, Inc., is engaged primarily in the
acquisition, development, production, exploration for and the sale
of oil, gas and gas liquids in the United States.  As of Dec. 31,
2011, the Company is operating in the states of Texas and
Oklahoma.  In addition, the Company operates two gas gathering
systems located in Tulsa, Wagoner, Rogers and Mayes counties of
Oklahoma.  The pipeline consists of approximately 132 miles of
steel and poly pipe, a gas processing plant and other ancillary
equipment.  The Company sells its oil and gas products primarily
to a domestic pipeline and to another oil company.

KWCO, PC, in Odessa, TX, 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
significant operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


POINT CENTER: Ch. 11 Trustee Taps Landau Gottfried as Counsel
-------------------------------------------------------------
Howard B. Grobstein, trustee in the Chapter 11 case of Point
Center Financial, Inc., seeks authority from the U.S. Bankruptcy
Court for the Central District of California, Santa Ana Division,
to employ Landau Gottfried & Berger LLP as general bankruptcy
counsel.

The following professionals will take a primary role in
representing the Chapter 11 Trustee and will be paid their
customary hourly rates:

   Rodger M. Landau, Esq. -- rlandau@lgbfirm.com       $565
   John P. Reitman, Esq. -- jreitman@lgbfirm.com       $565
   Robert G. Wilson, Esq. -- rwilson@lgbfirm.com       $530
   Roye Zur, Esq. -- rzur@lgbfirm.com                  $380

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

Mr. Landau 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
Chapter 11 Trustee's.

                        About Point Center

Point Center Financial, Inc., a hard money lender, filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 13-11495) in Santa
Ana, California, on Feb. 19, 2013.  The Debtor disclosed
$109,257,545 in assets and $54,566,116 in liabilities as of the
Chapter 11 filing.

The Company claims to have a long track record of success in
originating and servicing loans from hundreds of investors.
Unfortunately, due to the historic collapse of the economy
beginning in about 2007, the Debtor, no different than many other
similar enterprises in real estate, has fallen on hard times.

From a high of about 130 performing loans with a total combined
face value of over $450 million in 2006, only 8 loans are now
performing.  There were a total of only four foreclosed properties
("REOs") as of 2006.  In comparison, between 2007 and 2012, there
were 60 foreclosure sales.

The result left the Debtor saddled with large secured liabilities
to PMB, which has a blanket lien on all of the Debtor's assets in
excess of $9 million, secured by the Debtor's primary asset of
loan servicing and management fees received from secured loans and
properties that have been taken back through foreclosure.

The MA Creditors are represented by Mary L. Fickel, Esq., at
Fickel & Davis.

The Official Committee of Unsecured Creditors is represented by
Marshack Hays LLP.


RG STEEL: Seeks 90-Day Extension to Access, Sell Mill Steel
-----------------------------------------------------------
Grand East Metals asked for a 90-day extension of its right to
access and sell a mill steel stored at RG Steel LLC's Sparrows
Point facility in Baltimore, Maryland.

Grand East has the right to access and sell the steel reportedly
worth $1.5 million pursuant to a temporary access agreement with
HRE Sparrows Point LLC, the company that bought RG Steel's
Sparrows Point assets last year.  The terms of the agreement
expired on Aug. 31.

Grand East Metals is represented by:

     Scott T. Leonhardt, Esq.
     The Rosner Law Group LLC
     824 Market Street, Suite 810
     Wilmington, DE 19801
     Tel: (302) 777-1111
     Email: leonhardt@teamrosner.corn

                         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.


PLY GEM HOLDINGS: Amends Prospectus in Response to Comments
-----------------------------------------------------------
Ply Gem Holdings, Inc., submitted with the U.S. Securities and
Exchange Commission amendments to its registration statement
originally filed with the SEC on May 6, 2013, relating to common
stock offering.  The amendments were made in response to the
comments received from the SEC.

The initial public offering price of the common stock is expected
to be between $18.00 and $20.00 per share.  The Company's common
stock has been approved for listing on the New York Stock Exchange
under the symbol "PGEM."

The Company is selling 15,789,474 shares of common stock.  The
Company has also granted the underwriters an option to purchase a
maximum of 2,368,421 additional shares of common stock to cover
over-allotments.

Copies of the amendments to the Registration Statements are
available for free at:

                         http://is.gd/hlDOYI
                         http://is.gd/y69htg
                         http://is.gd/q0mki4
                         http://is.gd/Z7Huev

                            About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

Ply Gem Holdings incurred a net loss of $39.05 million in 2012, as
compared with a net loss of $84.50 million in 2011.

The Company's balance sheet at June 29, 2013, showed $1.10 billion
in total assets, $1.17 billion in total liabilities and a $70.18
million total stockholders' deficit.

                           *     *     *

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.


REALOGY GROUP: Former McDonald's Executive Named to Board
---------------------------------------------------------
Raul Alvarez was appointed to the Board of Directors of Realogy
Holdings Corp. and the Board of Managers of Realogy Holdings'
indirect wholly owned subsidiary, Realogy Group LLC, on Aug. 26,
2013.

Mr. Alvarez has been determined by the Board to be an independent
director for purposes of the listing standards of The New York
Stock Exchange.  With Mr. Alvarez's appointment, the Realogy
Holdings Board now consists of eight directors, six of whom, or 75
percent, are independent directors.

Mr. Alvarez, age 58, spent 15 years in executive leadership
positions with McDonald's Corporation, most recently as president
and chief operating officer from August 2006 until his retirement
in December 2009.  Prior to joining McDonald's, he held executive
positions with Wendy's International, Inc. (1990-1994), and the
Burger King Corporation (1977-1989).  Currently, Mr. Alvarez
serves as executive chairman of Skylark Co., Ltd., a restaurant
operator in Japan, a position he has held since January 2013.

The Realogy Holdings Board has not yet determined the committee or
committees of the Board on which Mr. Alvarez will serve.
Mr. Alvarez will receive compensation for his service as a
director in accordance with the Realogy Holdings' director
compensation guidelines.

                         About Realogy Corp.

Realogy Corp. -- http://www.realogy.com/-- a global provider of
real estate and relocation services with a diversified business
model that includes real estate franchising, brokerage, relocation
and title services.  Realogy's world-renowned brands and business
units include Better Homes and Gardens Real Estate, CENTURY 21,
Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group,
ERA, Sotheby's International Realty, NRT LLC, Cartus and Title
Resource Group.  Collectively, Realogy's franchise systems have
around 15,000 offices and 270,000 sales associates doing business
in 92 countries around the world.

Headquartered in Parsippany, N.J., Realogy is owned by affiliates
of Apollo Management, L.P., a leading private equity and capital
markets investor.  Realogy fully supports the principles of the
Fair Housing Act.

Realogy Holdings Corp. and Realogy Group LLC reported a net loss
attributable to the Companies of $543 million on $4.67 billion of
net revenues for the year ended Dec. 31, 2012.  Realogy Holdings
and Realogy Group incurred a net loss of $441 million on $4.09
billion of net revenues in 2011, following a net loss of $99
million on $4.09 billion of net revenues for 2010.

As of June 30, 2013, the Company had $7.29 billion in total
assets, $5.75 billion in total liabilities and $1.54 billion in
total equity.

                        Bankruptcy Warning

"Our ability to make scheduled payments or to refinance our debt
obligations depends on our financial and operating performance,
which is subject to prevailing economic and competitive conditions
and to certain financial, business and other factors beyond our
control.  We cannot assure you that we will maintain a level of
cash flows from operating activities and from drawings on our
revolving credit facilities sufficient to permit us to pay the
principal, premium, if any, and interest on our indebtedness or
meet our operating expenses.

If our cash flows and capital resources are insufficient to fund
our debt service obligations, we may be forced to reduce or delay
capital expenditures, sell assets or operations, seek additional
debt or equity capital or restructure or refinance our
indebtedness.  We cannot assure you that we would be able to take
any of these actions, that these actions would be successful and
permit us to meet our scheduled debt service obligations or that
these actions would be permitted under the terms of our existing
or future debt agreements.

If we cannot make scheduled payments on our debt, we will be in
default and, as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our senior secured credit facility could
     terminate their commitments to lend us money and foreclose
     against the assets securing their borrowings; and

   * we could be forced into bankruptcy or liquidation," the
     Company said in its annual report for the period ended
     Dec. 31, 2012.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


ROBERTS LAND: Files Amended Plan; Evidentiary Hearing on Dec. 5
---------------------------------------------------------------
The final evidentiary hearing on confirmation of Roberts Land &
Timber Corporation and Union Land and Timber Corp.'s Plan is
scheduled for Dec. 5, 2013, at 9:30 a.m.

The Debtors filed with the U.S. Bankruptcy Court for the Middle
District of Florida on Aug. 23, 2013, an Amended and Restated
Joint Chapter 11 Plan of Reorganization.  The Plan amends and
restates all previous plans (as modified from time to time) in
their entireties that have been filed by the Debtors in this
Bankruptcy Case.

With respect to the Secured Claim of Farm Credit of Florida, ACA,
as successor by merger to Farm Credit of North Florida, ACA, in
the amount of approximately $13 million, the Plan provides that,
at the sole and exclusive option of the Debtors, the Debtors will
inform the Court of their determination to elect to treat Farm
Credit's Allowed Class 4 Claim under Plan Treatment 1, Plan
Treatment 2 or Plan Treatment 3.

                          Plan Treatment 1

On the Effective Date, Farm Credit will receive:

(a) Union Claim: $4.75 million of Cash (financed in part by the
Sponsor and/or an outside third-party lender (a "Lender")), in
full and final satisfaction, settlement, release and discharge of
and in exchange for the $4.75 million portion of the Allowed
Class 4 Claim arising from indebtedness owed in connection with
the Union Loan (the "Union Claim"); and

(b) Woodstock Claim: $13.2 million of real property, in full and
final satisfaction, settlement, release and discharge of and in
exchange for the $8.25 million portion of Farm Credit's Allowed
Class 4 Claim arising from indebtedness owed in connection with
the Woodstock Loans (the "Woodstock Claim").

                          Plan Treatment 2

On the Effective Date, Farm Credit will receive:

(a) Union Claim: $4.75 million of Cash (financed in part by the
Sponsor and/or a Lender), in full and final satisfaction,
settlement, release and discharge of and in exchange for the Union
Claim; and

(b) Woodstock Claim: (i) relief to enforce its Lien rights on the
Woodstock Property and (ii) Cash in the amount of a deficiency (if
any) relating to the Woodstock Claim, in full and final
satisfaction, settlement, release and discharge of and in exchange
for the Woodstock Claim.

                         Plan Treatment 3

Farm Credit will receive, in full and final satisfaction,
settlement, release and discharge of and in exchange for its
entire Allowed Class 4 Claim, monthly interest only payments on
the last day of each month commencing on the month following the
Effective Date with a final balloon payment of all outstanding
principal and interest due four years after the Effective Date
(which is expected to be Dec. 31, 2017) (such period is referred
to as the "Initial Term"), which monthly payments including the
balloon payment will, in the aggregate, be equal to Farm Credit's
Allowed Class 4 Claim together with interest at the following
fixed rates:

  * three and one quarter percent (3.25%) per annum for the first
    two years (months 1 through 24) of the Initial Term; and

  * the Prime Rate (fixed for two years as of Prime Rate in effect
    on the first day of the twenty fifth month) plus one half
    percent (Prime Rate + 0.5%) per annum for the third and fourth
    years of the Initial Term (months 25 through 48).

Further, in the event the principal balance of Farm Credit's
Allowed Class 4 Claim is reduced to $11 million during the Initial
Term, then the Initial Term will automatically be extended for an
additional period of four years (such additional period
is referred to as the "Extended Term"), and the balloon payment of
all outstanding principal and interest will instead be due eight
years after the Effective Date (which is expected to be Dec. 31,
2021).  During the Extended Term, Farm Credit will receive monthly
interest-only payments (on the last day of each month) in an
amount equal to the Prime Rate plus one half percent (Prime Rate +
0.5%), which rate (unlike the Prime Rate that will be fixed during
years 3 and 4 of the Initial Term) will be adjusted on a monthly
basis based on the rate in effect on the first day of each month
during the Extended Term.

Holders of Class 7 Equity Interests in the Debtors will retain
their Interests (subject to any dilution of the value of such
Interests that may occur pursuant to the terms agreed
upon between the Reorganized Debtors and the Sponsor in
consideration of the Sponsor's Investment to recapitalize the
Debtors).

On the Effective Date, (i) Avery C. Roberts will transfer his
interests in the Debtors to the Holding Company in return for an
ownership interest in the Holding Company, and (ii) the Sponsor
will tender the Investment to the Holding Company in return for an
ownership interest in the Holding Company.

The respective ownership interests of the Sponsor and Avery C.
Roberts in the Holding Company will be in amounts agreed upon by
Avery C. Roberts and the Sponsor in their sole discretion.
Further, the respective ownership interests of the Sponsor and
Avery C. Roberts in the Holding Company will  be free and clear of
all Claims, interests and encumbrances, pursuant to the
Confirmation Order and Sections 105, 363, 365, 1123 and 1141(c) of
the Bankruptcy Code and will constitute all of the issued and
outstanding Interests in the Reorganized Debtors as of the
Effective Date.

The Debtors will pay all Allowed Claims with (i) the Debtors'
post-Petition Date income from the Secured Receivables, rental
income from cattle grazing and hunting leases, (ii) income from
the sale and development of real estate, (iii) management income
(iv) the Investment and (v) if necessary, additional Cash provided
by the Sponsor and/or a Lender.

A copy of the Amended and Restated Plan is available at:

          http://bankrupt.com/misc/robertsland.doc218.pdf

                       About Roberts Land

Roberts Land & Timber Investment Corp. filed a Chapter 11 petition
(Bankr. M.D. Fla. Case No. 11-03851) in Jacksonville, Florida, on
May 25, 2011.  Affiliate Union Land & Timber Corp. also sought
Chapter 11 protection (Case No. 11-03853).

Anthony W. Chauncey, Esq., at The Decker Law Firm, P.A., in Live
Oak, Florida; and James H. Post, Esq., at Smith Hulsey & Busey, in
Jacksonville, Florida, serve as counsel for the Chapter 11
Debtors.

The Debtors are real estate holding and development companies as
well as holder of private mortgages.  The Debtors receive income
from the sale and development of real estate, management of real
estate developments, mortgage receivables, cattle grazing leases
and hunting leases.

In its schedules, Roberts Land disclosed assets of $26.7 million
with debt totaling $12.2 million, all secured.  The principal
properties are 1,500 acres in Baker County, Florida and 3,300
acres in Union County, Florida.

In its schedules, Union Land disclosed $2,376,170 in assets and
$11,945,819 in liabilities as of the petition date.


ROTECH HEALTHCARE: Exclusive Period Extension Approved
------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Rotech Healthcare's motion to extend the exclusive period during
which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including December 4, 2013 and
February 2, 2014, respectively.

As previously reported, "This is the Debtors' first request for an
extension of these deadlines. The Debtors also request that such
extensions be without prejudice to their right to request further
extensions or to seek other appropriate relief. Although the
Debtors have already filed and are soliciting votes with respect
to the Plan and notwithstanding the Debtors' commitment to
continue to prosecute these chapter 11 cases diligently, the
extensions sought herein may not provide sufficient time for the
Debtors to complete the various tasks that may need to be
completed before the Plan can be confirmed."

                   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 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.

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.

Rotech on Aug. 29 disclosed that the Bankruptcy Court has approved
the Second Amended Joint Plan of Reorganization, along with $358
million of exit financing commitments received from Wells Fargo
and certain existing holders of the 10.5% Senior Second Lien
Secured Notes.  The reorganization plan was confirmed at a court
hearing in Delaware and was supported by the Statutory Committee
of Unsecured Creditors. Creditors entitled to vote overwhelmingly
voted in favor of the reorganization plan.

Under the reorganization plan, the Company's existing common stock
will be cancelled and substantially all of the new common stock of
reorganized Rotech will be distributed to holders of the 10.5%
Senior Second Lien Secured Notes.

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.


RURAL/METRO: Court Sets Claims Bar Dates
----------------------------------------
At the behest of Rural/Metro Corporation, Bankruptcy Judge Kevin
J. Carey on Aug. 26 entered an order requiring entities that
assert a claim, including any claim under 11 U.S.C. Sec.
503(b)(9), secured claims, and priority claims, which arose on or
prior to the Petition Date, to file on or before 5:00 p.m. on the
date which is 30 days after the service date a proof of such
claims.

According to the order, all governmental units are required to
send in their proofs of claim by January 31, 2014 at 5:00 p.m.

Proofs of claim must be sent to:

  * If by United States Postal Service:

        Donlin, Recano & Company Inc.
        Re: Rural/Metro Corporation, et al.
        P.O. Box 2047
        Murray Hill Station
        New York, NY 10156

  * If by overnight courier or hand delivery:

        Donlin, Recano & Company, Inc.
        Re: Rural/Metro Corporation, et al.
        419 Park Avenue South, Suite 1206
        New York, NY 10016

                   About Rural/Metro Corporation

Headquartered in Scottsdale, Arizona, Rural/Metro Corporation --
http://www.ruralmetro.com-- is a national provider of 911-
emergency and non-emergency interfacility ambulance services and
private fire protection services, operating in 21 states and
nearly 700 communities.

Rural/Metro Corp. and 59 affiliates sought Chapter 11 protection
on Aug. 4, 2013, before the U.S. Bankruptcy Court for the District
of Delaware.

The Debtors' lead bankruptcy counsel are Matthew A. Feldman, Esq.,
Rachel C. Strickland, Esq., and Daniel Forman, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Maris J. Kandestin, Esq., and
Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP,
in Wilmington, Delaware, serve as the Debtors' local Delaware
counsel.

Alvarez & Marsal Healthcare Industry Group, LLC, and FTI
Consulting, Inc., are the Debtors' financial advisors, while
Lazard Freres & Co. L.L.C. is their investment banker.  Donlin,
Recano & Company, Inc., is the Debtors' claims and noticing agent.

The U.S. Trustee has appointed a three-member official committee
of unsecured creditors in the Chapter 11 case.

The Debtors have arranged $75 million of DIP financing from a
group of prepetition lenders led by Credit Suisse AG.  An interim
order has allowed the Debtors to access $40 million of the DIP
facility.


RURAL/METRO: Wins Approval to Pay $6-Mil. to Critical Vendors
-------------------------------------------------------------
Rural/Metro Corporation and its debtor-affiliates have won final
approval to pay the prepetition claims of critical vendors in an
amount not to exceed $6 million.

An interim order entered earlier in the case limited payments to
critical vendors to $3 million.

The Debtors have said they intend to pay prepetition amounts due
and owing to certain vendors that provide services and materials
essential to their business operations.

                   About Rural/Metro Corporation

Headquartered in Scottsdale, Arizona, Rural/Metro Corporation --
http://www.ruralmetro.com-- is a national provider of 911-
emergency and non-emergency interfacility ambulance services and
private fire protection services, operating in 21 states and
nearly 700 communities.

Rural/Metro Corp. and 59 affiliates sought Chapter 11 protection
on Aug. 4, 2013, before the U.S. Bankruptcy Court for the District
of Delaware.

The Debtors' lead bankruptcy counsel are Matthew A. Feldman, Esq.,
Rachel C. Strickland, Esq., and Daniel Forman, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Maris J. Kandestin, Esq., and
Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP,
in Wilmington, Delaware, serve as the Debtors' local Delaware
counsel.

Alvarez & Marsal Healthcare Industry Group, LLC, and FTI
Consulting, Inc., are the Debtors' financial advisors, while
Lazard Freres & Co. L.L.C. is their investment banker.  Donlin,
Recano & Company, Inc., is the Debtors' claims and noticing agent.

The U.S. Trustee has appointed a three-member official committee
of unsecured creditors in the Chapter 11 case.

The Debtors have arranged $75 million of DIP financing from a
group of prepetition lenders led by Credit Suisse AG.  An interim
order has allowed the Debtors to access $40 million of the DIP
facility.


RURAL/METRO: Wins Approval to Hire FTI as Special Accountant
------------------------------------------------------------
Rural/Metro Corporation and its debtor-affiliates won approval to
hire FTI Consulting, Inc. as special accountant.

FTI will perform various services, including providing revenue
cycle management, developing a new revenue recognition model, and
providing historical forensic review assistance.

FTI's compensation will be based upon the actual number of hours
incurred at FTI's standard hourly rates ranging from $115 (for
paraprofessionals) to $895 (for senior managing directors).

                   About Rural/Metro Corporation

Headquartered in Scottsdale, Arizona, Rural/Metro Corporation --
http://www.ruralmetro.com-- is a national provider of 911-
emergency and non-emergency interfacility ambulance services and
private fire protection services, operating in 21 states and
nearly 700 communities.

Rural/Metro Corp. and 59 affiliates sought Chapter 11 protection
on Aug. 4, 2013, before the U.S. Bankruptcy Court for the District
of Delaware.

The Debtors' lead bankruptcy counsel are Matthew A. Feldman, Esq.,
Rachel C. Strickland, Esq., and Daniel Forman, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Maris J. Kandestin, Esq., and
Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP,
in Wilmington, Delaware, serve as the Debtors' local Delaware
counsel.

Alvarez & Marsal Healthcare Industry Group, LLC, and FTI
Consulting, Inc., are the Debtors' financial advisors, while
Lazard Freres & Co. L.L.C. is their investment banker.  Donlin,
Recano & Company, Inc., is the Debtors' claims and noticing agent.

The U.S. Trustee has appointed a three-member official committee
of unsecured creditors in the Chapter 11 case.

The Debtors have arranged $75 million of DIP financing from a
group of prepetition lenders led by Credit Suisse AG.  An interim
order has allowed the Debtors to access $40 million of the DIP
facility.


SEVEN COUNTIES: Has Until Oct. 2014 to File Reorganization Plan
---------------------------------------------------------------
Judge Joan A. Lloyd of the U.S. Bankruptcy Court for the Western
District of Kentucky, Louisville Division, extended up to and
until Oct. 6, 2014, Seven Counties Services, Inc.'s exclusive
period to file a plan and up to and until Dec. 4, 2014, the
Debtor's exclusive period to solicit acceptances of that plan.

David M. Cantor, Esq., at Seiller Waterman LLC, in Louisville,
Kentucky, represents the Debtor.

                        About Seven Counties

Seven Counties Services Inc., a not-for-profit behavioral
services provider from Louisville, Kentucky, filed for Chapter 11
protection (Bankr. W.D. Ky. Case No. 13-31442) in the hometown
on April 4, 2013.  The petition was signed by Anthony M. Zipple as
president/CEO.  The Debtor scheduled assets of $45,603,716 and
scheduled liabilities of $232,598,880.  Seiller Waterman LLC
serves as the Debtor's counsel.  Judge Joan A. Lloyd presides over
the case.

The agency generates more than $100 million a year in revenue and
employs a staff of 1,400 providing services at 21 locations and
120 schools and community centers.


SMOKEY MOUNTAIN: Involuntary Chapter 11 Case Summary
----------------------------------------------------
Alleged Debtor: Smokey Mountain Developers, LLC
                215 Woliss Lane
                Gatlinburg, TN 37738

Case Number: 13-51532

Involuntary Chapter 11 Petition Date: August 30, 2013

Court: Eastern District of Tennessee (Greeneville)

Petitioner's Counsel: Michael E. Collins, Esq.
                      MANIER & HEROD
                      Suite 2200, 150 Fourth Avenue North
                      Nashville, TN 37219
                      Tel: (615) 244-0030
                      E-mail: mcollins@manierherod.com

Smokey Mountain Developers, LLC's petitioner:

Petitioner               Nature of Claim        Claim Amount
----------               ---------------        ------------
David Acor               Loan                   $33,525
42 Larkwood Drive
Jackson, TN 38001


STONE ROSE: Sergi Investors Seek Appointment of Ch. 11 Trustee
--------------------------------------------------------------
SFP Group, L.P., Ivy Grove, LLC, Daniel A. Sergi and Sergi
Enterprises, creditors and holders of limited partnership
interests in Stone Rose, LP, ask the Court to appoint a Chapter 11
Trustee to wrest control of the Debtor and its assets from its
current management in order to protect and preserve the assets of
the estate.

The Debtor's original general partner was Driver1 Corp., a company
owned by Matthew Stoen, Meritage Real Estate Investments, LLC,
owned by Joel Burns and Tracy Burns and the Capital Development
Fund, a company owned by Darren Niemann.

Driver1 and Stoen resigned in 2010, and a new entity, Stone Rose
Management, Inc., was formed to assume management responsibilities
for the Debtor.

The Sergi Investors relate they made capital contributions and
became limited partners in Stone Rose, investing the aggregate
amount of $300,000.

In 2010, the Sergi Investors filed a suit alleging that the Debtor
is a sham real estate investment vehicle which Stoen used to fund
his own personal whims and those of his wife Hayley Monson-Stoen,
and his cronies, Niemann, Joel and Tracy.

According to the Sergi Investors, the alleged misconduct of
dissipating funds was material, involving millions of dollars.
They add that the Debtor transferred millions of dollars to
insiders and affiliates, while paying its investors nothing.

"Thus far, the Debtor has failed and refused to pursue claims
against the various wrongdoers and recipients of Debtor's funds,"
the Sergi Investors assert.  "It is painfully obvious that the
management of the Debtor has been, and remains, untrustworthy and
unable to rehabilitate the Debtor," the Sergi Investors add.

Section 1104 of the Bankruptcy Code provides "a trustee shall be
appointed, among other things, "for cause, including fraud,
dishonesty, incompetence, or gross mismanagement of the affairs of
the debtor by current management, either before or after the
commencement of the case, or similar cause..."

The investors are represented by:

          Mark D. Belongia (6269391)
          mbelongia@ralaw.com
          20 South Clark Street
          Suite 300
          Chicago, IL  60603
          Telephone: 312.580.1200
          Facsimile: 312.580.1201

                          About Stone Rose

Aurora, Illinois-based Stone Rose, LP, filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 13-16410) in Chicago, Illinois, on
April 19, 2013.  Joseph G. Dinges signed the petition as president
of Stone Rose Mgmt., Inc., general partner.  Judge Eugene R.
Wedoff presides over the case.  G. Alexander McTavish, Esq., at
Foote, Mielke, Chavez & O'Neil, in Geneva, Ill., represents the
Debtor as counsel.  Stone Rose disclosed $16.5 million in
total assets and $6.93 million in total liabilities in its
schedule.

The Debtor owns 82 acres of vacant land at 123rd St and Parallel
Pky, in Kansas City, Missouri, which is valued at $4 million, and
serves as collateral for a $2 million debt to Metcalf Bank.

The Debtor also has a 75% interest as a member of Big House
Investments, LLC, which owns 17 acres of vacant land at 110th St.
and I-70 in Edwardsville, Kansas.  The land is subject to a
contract for sale for $6 million and is subject to a $4.0 million
mortgage in favor of Metcalf Bank.


TECHDYNE LLC: Hearing on Deal with HIOX Set for Sept. 10
--------------------------------------------------------
A hearing on the motion to approve the settlement agreement
between Debtor TechDyne LLC and HIOX Capital LLC is set for
Sept. 10, 2013, at 11:00 AM.

As previously reported, the Debtor asked the U.S. Bankruptcy Court
for the District of Arizona to approve the settlement agreement
with Hiox Capital, which agreement will satisfy the debt owing by
the Debtor to HIOX and provide a buy/sell mechanism to retire
HIOX's 4.8770546% member interest in the Debtor.

The Debtor will pay HIOX $405,590, at $75,000 down payment upon
approval of the settlement and payments over time at 10% interest
in monthly installments of $15,000.  On or before the year after
the end of the payoff, the Debtor will buy and HIOX will sell its
4.8770546% member interest in TechDyne for 50% of the then-
existing fair market value of the Debtor.

According to the Debtor's counsel, Bradley J. Stevens, Esq., at
Jennings, Strouss & Salmon, P.L.C., in Phoenix, Arizona, the
satisfaction of the HIOX Claim will resolve all remaining issues
with the case.  Accordingly, the Debtor also asks the Court to
dismiss the bankruptcy case upon the Court's approval of the
settlement.

David D. Cleary, Esq. -- cleary@gtlaw.com -- at Greenberg Traurig,
LLC, in Phoenix, Arizona, represents HIOX Capital.

                       About TechDyne, LLC

Scottsdale, Arizona-based TechDyne, LLC, is a developer and
entrepreneur of two patented technologies: light armor and a
medical cervical devise to prevent premature births.

The Company filed for Chapter 11 protection (Bankr. D. Ariz. Case
No. 11-16739) on June 9, 2011.  Judge Charles G. Case, II,
presides over the case.  In its schedules, the Debtor disclosed
$100,000,070 in assets and $701,313 in debts.  The petition was
signed by Benjamin V. Booher, Sr., managing member.

The U.S. Trustee for Region 8, has not appointed an official
committee of unsecured creditors in the Debtor's case because an
insufficient number of persons holding unsecured claims have
expressed interest in serving on a committee.  The U.S. Trustee
reserves the right to appoint such a committee would interest
develop among the creditors.

Bradley J. Stevens, Esq. -- bstevens@jsslaw.com -- at Jennings,
Strouss & Salmon, PLC, in Phoenix, Ariz., represents the Debtor as
counsel.


TRINITY COAL: Disclosure Statement Hearing on Sept. 19
------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Kentucky
will convene a hearing on Sept. 19, 2013, at 1:30 p.m. (Eastern
Time) to consider the adequacy of the disclosure statement
explaining Trinity Coal Corporation, et al.'s Joint Plan of
Reorganization.  Any objections to the Disclosure Statement must
be filed on or before Sept. 12.

The Plan is sponsored by Essar Met Coal Inc.  Under the Plan,
Essar's unsecured claims will be allowed in the aggregate amount
of $133,446,780.  In exchange for full and final satisfaction,
settlement, release, and compromise of each and every Essar
Unsecured Claim, together with the other payments and
consideration to be provided by the holders of the Allowed Essar
Unsecured Claims or their non-Debtor Affiliate designees, each
Holder of Essar Unsecured Claims will receive its Pro Rata share
of 100% of the New Common Stock of Reorganized TPC and 100% of the
New Common Stock of the Reorganized Deep Water Entities on the
Effective Date.

General Unsecured Claims, excluding the Essar Unsecured Claims,
are impaired.  Each Holder of an Allowed General Unsecured Claim
will receive a Pro Rata interest in the Trust Assets; provided
that each Holder of an Allowed Senior Secured Credit Facility
Deficiency Claim agrees to waive the entire amount of the Senior
Secured Credit Facility Deficiency Claim on the Effective Date.

The Debtors stated that if the Plan is not confirmed with respect
to any of the Debtors, the Debtors may revert back to the auction
for the sale of any or all of the Debtors' assets and/or risk
foreclosure on collateral of various secured parties, including
the DIP Lenders.

                        About Trinity Coal

Trinity Coal Corp. is a coal mining company that owns coal
deposits located in the Appalachian region of the eastern United
States, specifically, in Breathitt, Floyd, Knott Magoffin, and
Perry Counties in eastern Kentucky and in Boone, Fayette, Mingo,
McDowell and Wyoming Counties in West Virginia.

Trinity's coal mining operations are organized into six distinct
coal mining complexes. Three complexes are located in Kentucky and
are referred to as Prater Branch Resources, Little Elk Mining and
Levisa Fork.  The Kentucky Operations produced compliance and low
sulfur steam coal.  Three complexes are located in West Virginia
and are referred to as Deep Water Resources, North Springs
Resources and Falcon Resources.

Trinity is a wholly owned subsidiary of privately held
multinational conglomerate Essar Global Limited.

Credit Agricole Corporate & Investment Bank, ING Capital LLC and
Natixis, New York Branch filed an involuntary petition for relief
under Chapter 11 against Trinity Coal Corporation and 15
affiliates (Bankr. E.D. Ky. Lead Case No. 13-50364).  The three
entities say they are owed a total of $104 million on account
loans provided to Trinity.

On Feb. 14, 2013, Austin Powder Company, Whayne Supply Company and
Cecil I. Walker Machinery Co. filed an involuntary petition for
relief under Chapter 11 (Bankr. E.D. Ky. Case No. 13-50335)
against Frasure Creek Mining, LLC.  On Feb. 19, 2013, Credit
Agricole, ING Capital and Natixis joined as petitioning creditors.

On March 4, 2013, the Debtors filed their consolidated answer to
involuntary petitions and consent to an order for relief and
reservation of rights, thereby consenting to the entry of an order
for relief in each of their respective Chapter 11 cases.  An order
for relief in each of the Debtors was entered by the Court on
March 4, 2013, which converted the involuntary cases to voluntary
Chapter 11 cases.

Sturgill, Turner, Barker & Moloney, PLLC serves as local counsel
to the Official Committee of Unsecured Creditors.


TRINITY COAL: Can Pay Up to $750,000 to Retain Non-Insider Workers
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Kentucky
granted Trinity Coal Corporation, et al.'s key employee retention
program for non-insider employees.

The Debtors' chief restructuring officer will have discretion to
implement the Retention Program.  The Retention Payments will not
exceed an aggregate amount of $750,000.  The Retention Payments
shall only be made (i) in September in an amount not to exceed
$250,000, and (ii) on the Effective Date in an amount not to
exceed $500,000.

                        About Trinity Coal

Trinity Coal Corp. is a coal mining company that owns coal
deposits located in the Appalachian region of the eastern United
States, specifically, in Breathitt, Floyd, Knott Magoffin, and
Perry Counties in eastern Kentucky and in Boone, Fayette, Mingo,
McDowell and Wyoming Counties in West Virginia.

Trinity's coal mining operations are organized into six distinct
coal mining complexes. Three complexes are located in Kentucky and
are referred to as Prater Branch Resources, Little Elk Mining and
Levisa Fork.  The Kentucky Operations produced compliance and low
sulfur steam coal.  Three complexes are located in West Virginia
and are referred to as Deep Water Resources, North Springs
Resources and Falcon Resources.

Trinity is a wholly owned subsidiary of privately held
multinational conglomerate Essar Global Limited.

Credit Agricole Corporate & Investment Bank, ING Capital LLC and
Natixis, New York Branch filed an involuntary petition for relief
under Chapter 11 against Trinity Coal Corporation and 15
affiliates (Bankr. E.D. Ky. Lead Case No. 13-50364).  The three
entities say they are owed a total of $104 million on account
loans provided to Trinity.

On Feb. 14, 2013, Austin Powder Company, Whayne Supply Company and
Cecil I. Walker Machinery Co. filed an involuntary petition for
relief under Chapter 11 (Bankr. E.D. Ky. Case No. 13-50335)
against Frasure Creek Mining, LLC.  On Feb. 19, 2013, Credit
Agricole, ING Capital and Natixis joined as petitioning creditors.

On March 4, 2013, the Debtors filed their consolidated answer to
involuntary petitions and consent to an order for relief and
reservation of rights, thereby consenting to the entry of an order
for relief in each of their respective Chapter 11 cases.  An order
for relief in each of the Debtors was entered by the Court on
March 4, 2013, which converted the involuntary cases to voluntary
Chapter 11 cases.

Sturgill, Turner, Barker & Moloney, PLLC serves as local counsel
to the Official Committee of Unsecured Creditors.


UNITEK GLOBAL: Gets Nasdaq Notification Over Late 10-Q Filing
-------------------------------------------------------------
UniTek Global Services, Inc., received an additional letter from
the NASDAQ Stock Market on Aug. 19, 2013, notifying the Company
that it is not in compliance with NASDAQ Listing Rule 5250(c)(1)
because the Company did not timely file its quarterly report on
Form 10-Q for the period ended June 29, 2013, with the U.S.
Securities and Exchange Commission.  NASDAQ Listing Rule
5250(c)(1) requires the Company to timely file all required
periodic financial reports with the SEC.

On April 16, 2013, UniTek received a letter from the NASDAQ Stock
Market stating that the Company was not in compliance with the
continued listing requirements of NASDAQ Listing Rule 5250(c)(1)
because the Company did not timely file its annual report on Form
10-K for the year ended Dec. 31, 2012, with the SEC.  The Company
subsequently submitted to NASDAQ a plan to regain compliance with
Rule 5250(c)(1), and on May 14, 2013, NASDAQ notified the Company
that NASDAQ had determined to grant the Company an exception,
through Oct. 14, 2013, to regain compliance with the rule.
Additionally, on May 20, 2013, the Company received a letter from
NASDAQ stating that the Company also failed to comply with Rule
5250(c)(1) because it did not file its quarterly report on Form
10-Q for the quarter ended March 30, 2013, in a timely manner.
UniTek submitted an updated plan to NASDAQ to regain compliance
with Rule 5250(c)(1), and was advised that the Company has also
been afforded an exception until Oct. 14, 2013, to file the first
quarter Form 10-Q.

UniTek filed its 2012 annual report on Form 10-K on Aug. 12, 2013.

UniTek intends to submit an additional update by Sept. 3, 2013,
regarding its plans to regain compliance with Rule 5250(c)(1) by,
among other things, filing the Second Quarter Form 10-Q before the
Oct. 14, 2013, exception deadline that was already granted for the
filing of the 2012 Annual Report on Form 10-K and the First
Quarter Form 10-Q.

These notifications of non-compliance do not have an immediate
effect on the listing or trading of the Company's common stock on
The NASDAQ Global Market.

                   About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

Unitek incurred a net loss of $77.73 million in 2012, as compared
with a net loss of $9.13 million in 2011.  As of Dec. 31, 2012,
the Company had $326.40 million in total assets, $278.10 million
in total liabilities and $48.30 million in total stockholders'
equity.

                         Bankruptcy Warning

As of Dec. 31, 2012, the Company's total indebtedness, including
capital lease obligations, was approximately $170 million.  This
amount has increased to approximately $210 million as of Aug. 9,
2013, including amounts borrowed to cash collateralize letters of
credit.  The Company's current debt also bears interest at rates
significantly higher than historical periods.  The Company said
its substantial indebtedness could have important consequences to
its stockholders.  It will require the Company to dedicate a
substantial portion of its cash flow from operations to payments
on its indebtedness, thereby reducing the availability of the
Company's cash flow to fund acquisitions, working capital, capital
expenditures and other general corporate purposes.

"An event of default under either of our credit facilities could
result in, among other things, the acceleration and demand for
payment of all the principal and interest due and the foreclosure
on the collateral.  As a result of such a default or action
against collateral, we could be forced to enter into bankruptcy
proceedings, which may result in a partial or complete loss of
your investment," the Company said in the 2012 annual report.

                             *   *    *

As reported by the TCR on June 11, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Blue Bell, Pa.-
based UniTek Global Services Inc. to 'D' from 'CCC'.  "The
downgrade follows UniTek's announcement that it did not make
a scheduled interest payment on May 29, 2013, on its senior
secured term loan due 2018, which we consider to be a default
under our timeliness of payments criteria," said Standard & Poor's
credit analyst Michael Weinstein.

In the June 11, 2013, edition of the TCR, Moody's Investors
Service lowered UniTek Global Services, Inc.'s probability of
default and corporate family ratings to Ca-PD/LD and Ca,
respectively.  The Ca corporate family rating reflects UniTek's
missed interest payment on the term loan which is considered a
default under Moody's definition, the heightened possibility of
another default event, continued delays in the filing of restated
financials including the last two audits, management turnover, the
potential loss of the company's largest customer and other
business and legal risks stemming from issues at the company's
Pinnacle subsidiary.


TRIUS THERAPEUTICS: N. Kjellson Had 7.5% Equity Stake at July 30
----------------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Nina S. Kjellson and her affiliates disclosed
that as of July 30, 2013, they beneficially owned 3,600,195 shares
of common stock of Trius Therapeutics, Inc., representing 7.5
percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/ma249m

                     About Trius Therapeutics

San Diego, Calif.-based Trius Therapeutics, Inc. (Nasdaq: TSRX) --
http://www.triusrx.com/-- is a biopharmaceutical company focused
on the discovery, development and commercialization of innovative
antibiotics for serious, life-threatening infections.  The
Company's first product candidate, torezolid phosphate, is an IV
and orally administered second generation oxazolidinone being
developed for the treatment of serious gram-positive infections,
including those caused by MRSA.  In addition to the company's
torezolid phosphate clinical program, it is currently conducting
two preclinical programs using its proprietary discovery platform
to develop antibiotics to treat infections caused by gram-negative
bacteria.

Trius Therapeutics incurred a net loss of $53.92 million in 2012,
a net loss of $18.25 million in 2011 and a $23.86 million net loss
in 2010.  As of June 30, 2013, the Company had $74.05 million in
total assets, $19.37 million in total liabilities and $54.68
million in total stockholders' equity.


VERMILLION INC: Cancels Strategic Alliance Pact with Quest
----------------------------------------------------------
Vermillion, Inc., sent Quest Diagnostics Incorporated a notice of
termination of the Strategic Alliance Agreement dated as of
June 22, 2005, between the Company and Quest.

Vermillion previously sent Quest a notice of default under the
Strategic Alliance Agreement.  The Strategic Alliance Agreement
provides that if a party fails to cure material defaults within 90
days of the date of a notice of default, the other party has the
right to terminate the Strategic Alliance Agreement.  The Company
believes that Quest failed to cure the violations, breaches, or
failures to perform identified in the notice of default during
this period.  Under the terms of the Strategic Alliance Agreement,
a termination by Vermillion as a result of Quest's default does
not trigger any early termination penalties for Vermillion or
Quest.

Notwithstanding the termination, Vermillion recognizes that Quest
has played a significant role in providing physicians and patients
with access to OVA1 and securing reimbursement for this test.  The
Company said an ongoing commercial relationship with Quest is
important and the Company is committed to continuing discussions
with Quest to define a business structure that delivers value for
both companies and assures patients can benefit from access to
OVA1.  As a result, Vermillion has agreed that Quest can continue
to make OVA1 available to healthcare providers on the same
financial terms following this termination while negotiating in
good faith towards an alternative business structure.

Under the terms of the Strategic Alliance Agreement, Quest was
required to pay Vermillion a fixed payment of $50 per OVA1
performed, as well as 33 percent of its gross margin from revenue
from performing OVA1 domestically.  Quest had the non-exclusive
right to commercialize OVA1 on a worldwide basis, with exclusive
commercialization rights in the clinical reference lab marketplace
in the United States, India, Mexico, and the United Kingdom
through Sept. 11, 2014, with the right to extend the exclusivity
period for one additional year.  Quest is also a stockholder of
the Company.

                         About Vermillion

Vermillion, Inc. is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Vermillion's legal advisor in connection with
its successful reorganization efforts wass Paul, Hastings,
Janofsky & Walker LLP.  Vermillion emerged from bankruptcy in
January 2010.  The Plan called for the Company to pay all claims
in full and equity holders to retain control of the Company.

Vermillion incurred a net loss of $7.14 million in 2012, as
compared with a net loss of $17.79 million in 2011.  The Company's
balance sheet at June 30, 2013, showed $16.89 million in total
assets, $4.39 million in total liabilities and $12.49 million in
total stockholders' equity.

BDO USA, LLP, in Austin, Texas, 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 an accumulated deficit, all of
which raise substantial doubt about the Company's ability to
continue as a going concern.


VISION INDUSTRIES: Amends Second Quarter Form 10-Q
--------------------------------------------------
Vision Industries Corp. has amended its quarterly report on Form
10-Q for the period ended June 30, 2013, to include a subsequent
event, which was inadvertently omitted from the Notes to the
Financial Statements.  This amendment speaks as of the original
filing date of the Form 10-Q and does not reflect events that may
have occurred subsequent to the original filing date.  A copy of
the amended Form 10-Q is available at http://is.gd/9T33eU

                      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.

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.

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 COVINA MOTORS: Auction of Dormant Properties on Sept. 11
-------------------------------------------------------------
Jason Henry, writing for San Gabriel Valley Tribune, reports that
a federal bankruptcy court will auction off 10 dormant properties
Sept. 11 that it seized for liquidation from Ziad Alhassen's
Hassen Imports Partnership.

According to the report, the city of West Covina filed a motion to
block Dighton America Inc., which is also run by Mr. Alhassen,
from trying to buy back the defunct West Covina Auto Mall.  The
bankruptcy judge will rule on the city's motion the day of the
auction.

The report relates the auction will sell five properties in West
Covina and five properties in Covina, according to Howard
Ehrenberg, the appointed trustee responsible for the sale. The
properties includes East Garvey Avenue's West Covina Auto Mall,
where the bankruptcy of West Covina Motors Inc. -- also controlled
Mr. Alhassen -- led to prime real estate next to the 10 Freeway
going unused for years.  The corporation operated Chevrolet,
Hummer, Ford and Chrysler franchises at the location.

According to the report, the minimum offers for the properties
range from $210,000 -- for a property at 401 N. Citrus in Covina
-- to nearly $17 million for the three lots that make up the West
Covina Auto Mall at 1900, 1932 and 2000 East Garvey Avenue.  Other
minimum offers include $7.75 million for the former Clippinger
Chrysler Jeep, 298 N. Azusa Avenue, and $6.2 million for the
former Clippinger Chevrolet-Oldsmobile, 137 W. San Bernardino
Road.

A number of parties have already expressed interest in the
locations, Mr. Ehrenberg said, according to the report.

West Covina Motors, Inc., doing business as Clippinger Chevrolet
and Clippinger Chrysler Jeep Dodge, filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 12-52197) on Dec. 28, 2012.  Martin
J. Brill, Esq., at Levene, Neale, Bender, Yoo & Brill, LLP, served
as counsel.  The Debtor estimated assets and debts of at least
$10 million in its petition.

At the behest of the city of West Covina, the bankruptcy court
converted the chapter 11 case of West Covina Motors to a chapter 7
liquidation in April 2013.  The city is represented by:

         ARNOLD M. ALVAREZ-GLASMAN, Esq.
         CITY ATTORNEY OF THE CITY OF WEST COVINA
         ALVAREZ-GLASMAN & COLVIN
         13181 Crossroads Parkway North
         Suite 400 - West Tower
         City of Industry, CA 91746
         Tel: (562) 699-5500
         E-mail: aglasman@agclawfirm.com

              - and -

         Stephen T. Owens, Esq.
         Jordan A. Kroop, Esq.
         Christopher J. Petersen, Esq.
         SQUIRE, SANDERS (US) LLP
         555 South Flower Street, 31st Floor
         Los Angeles, CA 90071
         Tel: (213) 624-2500
         E-mail: stephen.owens@squiresanders.com
                 jordan.kroop@squiresanders.com
                 christopher.petersen@squiresanders.com

Hassen Imports Partnership filed a Chapter 11 petition (Bankr.
C.D. Calif. Case No. 11-42068) in Los Angeles, California, on
July 27, 2011.  Marina Fineman, Esq., at Stutman Treister & Glatt,
served as counsel to the Debtor.  HIP disclosed $9,238,486 in
assets and $37,555,776 in liabilities as of the Chapter 11 filing.


WIZARD WORLD: Holders Convert A Shares Into 9.5MM Common Shares
---------------------------------------------------------------
The series A preferred shareholders of Wizard World, Inc.,
converted all outstanding Series A cumulative convertible
preferred stock into approximately 9.5 million shares of the
Company's common stock, par value $0.0001 per share.  In addition,
the Series A Shareholders and certain other shareholders exchanged
approximately 8 million outstanding Series A common stock purchase
warrants for approximately 4 million shares of common stock.  In
connection with the conversion of the Preferred Stock, the Company
issued approximately 1.6 million shares of common stock as payment
for accrued and unpaid dividends.

As a result of the transactions, the Company no longer has any
derivative liabilities on its balance sheet and has approximately
51.1 million shares of common stock outstanding.

                         About Wizard World

Based in New York, N.Y., Wizard World, Inc., is a producer of pop
culture and multimedia conventions ("Comic Cons") across North
America that markets movies, TV shows, video games, technology,
toys, social networking/gaming platforms, comic books and graphic
novels.  These Comic Cons provide sales, marketing, promotions,
public relations, advertising and sponsorship opportunities for
entertainment companies, toy companies, gaming companies,
publishing companies, marketers, corporate sponsors and retailers.

Wizard World reported a net loss of $1.02 million in 2012 as
compared with a net loss of $2.01 million in 2011.

As of June 30, 2013, the Company had $2.92 million in total
assets, $8.40 million in total liabilities and a $5.48 million
total stockholders' deficit.


WORLD IMPORTS: Meeting to Form Creditors' Panel on Sept. 20
-----------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on September 20, 2013 at 1:00 p.m.
in the bankruptcy case of World Imports, Ltd.  The meeting will be
held at:

         Office of the United States Trustee
         833 Chestnut Street, Suite #501
         Philadelphia, PA 19107

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.

World Imports, Ltd., filed a Chapter 11 petition (Bankr. E.D. Pa.
Case No. 13-15929) on July 3, 2013, in Philadelphia.  Debtor-
affiliates World Imports South, LLC (Bankr. E.D. Pa. Case No.
13-15933), 11000 LLC (Bankr. E.D. Pa. Case No. 13-15934, and World
Imports Chicago, LLC (Bankr. E.D. Pa. Case No. 13-15935) filed
separate petitions for Chapter 11 relief.  The cases are jointly
administered under Case No. 13-15929.  John E. Kaskey, Esq., at
Braverman Kaskey, P.C., in Philadelphia, serves as counsel to the
Debtors.  World Imports, Ltd., estimated assets and debts of $10
million to $50 million.  World Imports South, LLC, estimated
assets of $1 million to $10 million.


WOUND MANAGEMENT: Malone Bailey Replaces PSH as Accountants
-----------------------------------------------------------
Wound Management Technologies, Inc., dismissed Pritchett, Siler &
Hardy, P.C., as its independent registered public accountants,
effective Aug. 16, 2013.  The decision was approved by the
Company's Board of Directors.

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

Also effective Aug. 16, 2013, the Company engaged Malone Bailey
LLP to serve as the Company's independent registered public
accountants for the current fiscal year, which ends Dec. 31, 2013.
During each of the Company's two most recent fiscal years and
through Aug. 22, 2013, the Company did not consult Malone Bailey
LLP with respect to the application of accounting principles to a
specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's
consolidated financial statements, or any other matters or
reportable events as set forth in Items 304(a)(2) of Regulation
S-K.

                       About Wound Management

Fort Worth, Texas-based Wound Management Technologies, Inc.,
markets and sells the patented CellerateRX(R) product in the
expanding advanced wound care market; particularly with respect to
diabetic wound applications.

Wound Management disclosed a net loss of $1.84 million on $1.17
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $12.74 million on $2.21 million of revenue
during the prior year.

The Company's balance sheet at June 30, 2013, showed $1.37 million
in total assets, $5.45 million in total liabilities and a $4.07
million total stockholders' deficit.

Pritchett, Siler & Hardy, P.C., in Salt Lake City, Utah, 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 substantial losses
and has a working capital deficit which factors raise substantial
doubt about the ability of the Company to continue as a going
concern.


WPCS INTERNATIONAL: Drew Ciccarelli Buys 121,015 Shares
-------------------------------------------------------
In a Schedule 13D filing with the U.S. Securities and Exchange
Commission, Drew Morgan Ciccarelli disclosed that he purchased
121,015 shares of common stock WPCS International Incorporated for
$418,453.  Prior to the transaction, Mr. Ciccarelli held 106,015
common shares.  There were 1,269,929 common shares issued and
outstanding of the Company as of Aug. 13, 2013.  A copy of the
regulatory filing is available for free at http://is.gd/3StBKn

                      About WPCS International

Exton, Pennsylvania-WPCS International Incorporated is a global
provider of design-build engineering services for communications
infrastructure, with approximately 250 employees in five
operations centers on three continents.  The Company provides its
engineering capabilities including wireless communication,
specialty construction and electrical power to a diversified
customer base in the public services, healthcare, energy and
corporate enterprise markets worldwide.

CohnReznick LLP, in Roseland, New Jersey, expressed substantial
doubt about WPCS International's ability to continue as a going
concern following the annual report for the year ended April 30,
2013.  The independent auditors noted that the Company has
incurred net losses and negative cash flows from operating
activities, had a working capital deficiency as of and for the
years ended April 30, 2013, and 2012, and has an accumulated
deficit as of April 30, 2103.

The Company reported a net loss of $6.8 million on $42.3 million
of revenue in fiscal 2013, compared with a net loss of
$20.6 million on $65.5 million in fiscal 2012.  The Company's
balance sheet at April 30, 2013, showed $18.1 million in total
assets, $19.1 million in total liabilities, and a stockholders'
deficit of $927,428.


* Circuits No Longer Split on Chapter 13 Plan-Duration
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the federal courts of appeal are no long split on a
question involving individual bankrupts in Chapter 13.

According to the report, last week 11 judges on the U.S. Court of
Appeals in San Francisco reversed a three-judge panel of the same
court and ruled that an individual in Chapter 13 with no
"projected disposable income" cannot propose a plan shorter than
the five year "applicable commitment period" stated in Section
1325(d) of the Bankruptcy Code.

In a 2-1 decision by a three-judge panel in August 2012, the
majority concluded that the plan needn't be five years.  Two other
circuit courts had previously ruled that a five-year plan is
mandatory.

The Aug. 29 opinion by Circuit Judge Susan P. Graber reversed the
Ninth Circuit's own 2008 decision in a case called Maney v.
Kagenveama. In that case, the appeals court ruled that a shorter
plan duration was permissible.  On another issue in the same
opinion, the Ninth Circuit ruled that the calculation of projected
disposable income was an immutable function of the bankrupt's pre-
bankruptcy income.

The U.S. Supreme Court decided a case in June 2008 called Hamilton
v. Lanning which ruled against Kagenveama on the second issue
regarding the calculation of projected disposable income.
Hamilton cast doubt about whether the other holding in Kagenveama,
about the length of a plan, remained good law in the Ninth
Circuit.

The question left open in Kagenveama was decided in favor of a
shorter plan one year ago when U.S. District Judge Edward M. Chen,
sitting by designation on the appeals court, was joined by a
circuit judge and concluded that Hamilton was not "clearly
irreconcilable" with Kagenveama and thus was not "implicitly
overruled" by the Supreme Court on the issue of how long a plan
must remain open.

Because a three-judge panel on a circuit court can't overrule a
decision by a prior three-judge panel, Chen felt bound to reach
the same result as Kagenveama.

Judge Graber, who wrote the opinion last week, was on last year's
three-judge panel, and she dissented. She believed Kagenveama
was irreconcilable with Hamilton v. Lanning.  Because she was
writing for 11 judges on a so-called en banc panel, Graber this
time didn't need to rely on whether Hamilton overruled Kagenveama.
Instead, she construed the statute and agreed with the two other
circuits by requiring a five-year plan.

She did find support in Hamilton as showing a policy in the
Supreme Court favoring longer plans so payments to creditors can
increase as a bankrupt's income rises after plan confirmation.
In cases called Tennyson and Baud, the U.S. Courts of
Appeal in Atlanta and Cincinnati ruled that the duration of
plans must be five years even absent projected disposable
income.

The bankrupt in the Baud case sought review in the U.S.
Supreme Court, contending there was a split of circuits that the
high court should resolve. The Supreme Court declined to hear the
case.  The case is Danielson v. Flores (In re Flores), 11-55452,
Ninth U.S. Circuit Court of Appeals (San Francisco).


* Government's ERISA Suit Immune From Automatic Stay
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a lawsuit by the U.S. Department of Labor for
violation of fiduciary duties in management of an employee death-
benefit plan is not halted automatically by bankruptcy.

The Secretary of Labor sued several affiliated companies for
violation of the Employee Retirement Income Security Act of 1974.
Later, the companies filed in Chapter 11 and contended that the
suit in federal district court was halted automatically by
bankruptcy.

U.S. District Judge Mary A. McLaughlin from Philadelphia ruled
that the case was covered by an exception to the automatic stay
allowing governmental entities to enforce police or regulatory
powers under Section 362(b)(4) of the Bankruptcy Code.

Judge McLaughlin cited courts in other parts of the country which
held that suits for ERISA violations fall within the ambit of
police or regulatory powers.

A governmental suit is not exempt from the automatic stay if the
primary purpose is to protect the government's pecuniary interest,
as opposed to protecting public safety.

The companies argued that the suit was subject to the stay because
individual employees would benefit financially.

Judge McLaughlin rejected the argument, saying that benefit to
private parties "does not convert this suit into one pursuing the
pecuniary interest of private parties."

The case is Solis v. Koresko, 09-988, U.S. District Court, Eastern
District Pennsylvania (Philadelphia).


* SAC Capital Civil Suit Should Be Delayed, U.S. Asks Judge
-----------------------------------------------------------
Christie Smythe, writing for Bloomberg News, reported that a civil
forfeiture lawsuit against SAC Capital Advisors LP should be put
on hold while prosecutors continue their criminal case against the
hedge fund over alleged insider trading, the U.S. told a federal
judge in Manhattan.

"Civil discovery would adversely affect the ability of the
government to conduct the prosecution of a related criminal case,"
prosecutors said in the filing on Aug. 30.

The hedge fund, which held as much as $14 billion in July, was
founded by Steven A. Cohen, who is worth about $9 billion,
according to the Bloomberg Billionaires Index.

Prosecutors announced criminal charges against the fund on July 25
over what they described as unprecedented insider trading by
employees as far back as 1999, the report recalled.  That day, the
government also filed the civil suit alleging SAC engaged in money
laundering of illicit profits from the scheme by comingling them
with the firm's capital. In that case, the government is seeking
the forfeiture of "all property, real and personal" derived from
insider trading offenses.

Jonathan Gasthalter, a spokesman for SAC at Sard Verbinnen & Co.,
didn't immediately respond to an e-mail seeking comment on the
government's filing.

The civil case is U.S. v. SAC Capital Advisors LP, 1:13-cv-5182,
U.S. District Court, Southern District of New York (Manhattan).


* Homebuyers Tapping Brakes as Rates Rise
-----------------------------------------
Prashant Gopal & Heather Perlberg, writing for Bloomberg News,
reported that Amy and Ted Wilder lost out in the bidding for
several Seattle-area homes during the past six months, even with
offers well above the asking price. After May's sudden spike in
mortgage rates, the Microsoft Corp. consultants put their search
on hold.

"We fell in love with a house for about $400,000 and thought we
could afford it, and then we discovered it was $300 more a month
than what we would have paid in February when we started looking,"
Amy Wilder, 42, said, the report related. "The mortgage rates just
pushed it too far."

A surge in borrowing costs to a two-year high is starting to cool
demand from homebuyers as higher rates combine with surging prices
to reduce affordability, according to data, the report said.  The
biggest pinch is being felt in expensive markets such as Seattle
and New York, where budgets already were stretched, leading to a
more uneven national recovery.

According to the report, contracts to buy previously owned homes
fell 1.3 percent last month, the biggest decline this year, the
National Association of Realtors said on Aug. 29. They slid 6.5
percent in the Northeast and 4.9 percent in the West, the data
showed. The figures followed a report last week that July new-home
sales plunged 13.4 percent, paced by a 16.1 percent drop in the
West.

"There is a bigger monthly payment shock in the high-cost areas,"
said Lawrence Yun, chief economist for the Realtors group told the
news agency. "Higher interest rates may pull demand out."


* U.S. Outlines Penalties for Swiss Banks in Tax Probe
------------------------------------------------------
David Voreacos & Elena Logutenkova, writing for Bloomberg News,
reported that Swiss banks that seek to avoid prosecution for
fostering tax evasion through secret accounts held by U.S. clients
face penalties of as much as 50 percent of the value of those
assets, the U.S. government said.

According to the report, hundreds of Swiss banks could be covered
by a U.S.- Switzerland accord over how to punish financial
institutions that used secret accounts to help American clients
hide assets from U.S. tax authorities. The U.S. said on Aug. 29 it
will continue criminal probes of 14 banks while allowing others to
avoid prosecution by paying penalties and disclosing accounts.

"This program will significantly enhance the Justice Department's
ongoing efforts to aggressively pursue those who attempt to evade
the law," Attorney General Eric Holder said in a statement, the
report cited. "The program's requirement that Swiss banks provide
detailed account information will improve our ability to bring tax
dollars back to the U.S. Treasury."

The accord lets Switzerland, the world's largest offshore
financial center with about $2.2 trillion of assets, resolve talks
spanning two years after U.S. criminal prosecutions eroded Swiss
bank secrecy, the report related.  Those under investigation
include Credit Suisse Group AG, the second-largest Swiss bank;
HSBC Holdings Plc, the largest European bank; and Julius Baer
Group Ltd.


* Leveraged Loan Volume Drops to 2-Year Low in August
-----------------------------------------------------
Tim Cross, writing for Forbes, reported that leveraged loan
activity in the U.S. hit its lowest monthly level in two years
during August, with $16.7 billion in new-money deals, according to
S&P Capital IQ/LCD. Part of the reason for the unimpressive
showing, clearly, is the unofficial market holiday during the past
two weeks (in August of 2012 there was a likewise unimpressive $21
billion in volume).

Another reason: loan arrangers and institutional investors were
keeping their powder dry in August in preparation for what is
expected to be an active post-Labor Day loan market, according to
the report.  Indeed, there are some $40 billion of institutional
loans that have been announced or are expected in market during
the coming weeks, much of it M&A related, according to LCD's Chris
Donnelly.

And there should be demand for those deals, as investors continue
to pour money into loan mutual funds. U.S. loan funds last week
saw their seventh straight inflow of at least $1 billion (the
total was $1.18 billion, according to Lipper), and the 63rd
consecutive week in which there has been a net inflow of investor
cash into the market, says LCD's Jon Hemingway, the report
related.  So far in 2013 there has been a net inflow of $39
billion into loan mutual funds and loan ETFs.

The August loan market activity brings year-to-date volume to $419
billion, well ahead of the $252 billion posted at this time in
2012 and nearing the $464 billion recorded during all of last
year, the report said.  The full-year record is $535 billion in
2007.


* Cleveland Water's Steven M. Notinger Named "Lawyer of the Year"
-----------------------------------------------------------------
Cleveland, Waters and Bass, P.A. on Sept. 3 disclosed that five of
its attorneys were recently selected by their peers for inclusion
in Woodward/White's The Best Lawyers in America(C) 2014, and two
of the five attorneys -- David K. Fries and Steven M. Notinger --
were named 2014 "Lawyer of the Year" in their respective fields
and metropolitan areas.

Since it was first published in 1983, Best Lawyers(R) has become
universally regarded as the definitive guide to legal excellence.
Because Best Lawyers is based on an exhaustive peer-review survey
in which almost 50,000 leading attorneys cast nearly five million
votes on the legal abilities of other lawyers in their practice
areas, and because lawyers are not required or allowed to pay a
fee to be listed, inclusion in Best Lawyers is considered a
singular honor. Corporate Counsel magazine has called Best Lawyers
"the most respected referral list of attorneys in practice."

The five Cleveland, Waters and Bass attorneys named for 2014 are:

Timothy E. Britain

Commercial Finance Law Commercial Transactions/UCC Law Land Use
and Zoning Law Litigation-Real Estate Real Estate Law

David K. Fries -- 2014 Concord "Lawyer of the Year" in Corporate
Law

Business Organizations (including LLCs and Partnerships) Closely
Held Companies and Family Businesses Law Corporate Law

Philip M. Hastings

Land Use and Zoning Law Real Estate Law

Steven M. Notinger -- 2014 Manchester "Lawyer of the Year" in
Bankruptcy and Creditor Debtor Rights/Insolvency and
Reorganization Law

Bankruptcy and Creditor Debtor Rights/Insolvency and
Reorganization Law Litigation - Bankruptcy

David W. Rayment

Commercial Litigation

Founded in 1959, Cleveland, Waters and Bass, P.A., represents
individuals and businesses throughout New Hampshire and northern
New England.  A substantial portion of the firm's practice is
devoted to the representation of businesses of all sizes and
includes business formation and governance, employment law,
commercial transactions, real estate development and finance,
commercial litigation and bankruptcy.  The firm's practice areas
also include all forms of civil and administrative litigation and
trust and estate planning.  Cleveland, Waters and Bass is a member
of the Legal Netlink Alliance, an international alliance of
independent law firms.


* John Bae Joins Mintz Levin's New York Bankruptcy Practice
-----------------------------------------------------------
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has expanded
its Bankruptcy, Restructuring & Commercial Law practice in New
York with the addition of John Bae, who joins as a Member.

Formerly a shareholder with Greenberg Traurig, Mr. Bae is a
seasoned practitioner with significant global expertise.  He has
represented multinational companies in financial restructuring,
cross-border insolvencies, commercial litigation and products
liability matters.  His clients have included debtors, creditors
and other constituencies in a wide variety of bankruptcy cases.

"John brings a wealth of global experience handling major
restructuring matters," said Richard E. Mikels, Chair of Mintz
Levin's Bankruptcy, Restructuring & Commercial Law Practice.  "He
will make a very important contribution to the growth of our New
York practice and will be a welcome addition to our national team
of bankruptcy and restructuring attorneys."

Mr. Bae holds a B.A. from the State University of New York at
Albany and a J.D. from Hofstra University School of Law.  He is
admitted to practice in New York; multiple district courts; the
U.S. Court of Appeals for the Fifth, Fourth and Second Circuits;
and the Supreme Court of the United States.

Mr. Bae received the Burton Award for Legal Achievement, which
recognizes exceptional legal writing.  He has also been included
in the Euro money Legal Media Group's Guide to the World's Leading
Insolvency and Restructuring Lawyers in the United States and
Super Lawyers magazine.

                       About Mintz Levin

Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. is a general
practice, full service law firm employing approximately 450
attorneys worldwide.  Headquartered at One Financial Center in
Boston?s Financial District, the firm also has offices in London,
Los Angeles, New York City, San Diego, San Francisco, Stamford,
and Washington, DC, and a liaison office in Israel.


* NJ Yet to Recover From Effects of Big-Box Retail Bankruptcies
---------------------------------------------------------------
R.J. Brunelli & Co., LLC on Sept. 3 disclosed that thanks to
absorptions of numerous empty big-box spaces on Route 22, the
vacancy rate in retail properties along northern New Jersey's six
major shopping corridors inched down to 8.1% from a high of 8.2% a
year ago, according to the latest survey by R.J. Brunelli & Co.,
LLC.  With Route 23 the only other highway to show an improvement
from the firm's 2012 study, the region's vacancy factor remained
stuck above the 8.0% mark for each of the last four years.

In its 23rd annual study of the six-county northern New Jersey
market, the Old Bridge-based retail brokerage firm found 2.40
million square feet of vacancies in the 29.50 million square feet
of space examined along the six corridors, with availabilities
seen in 176 of the 909 properties reviewed.  This compared with
2.33 million square feet of vacancies in 28.34 million square feet
of space in the 2012 study.

Conducted during the second quarter of this year, R.J. Brunelli's
2013 study reviewed shopping centers and freestanding buildings
exceeding 2,000 square feet along State Highways 4, 10, 17, 22, 23
and 46/3, and certain intersecting arteries in Bergen, Essex,
Morris, Passaic, Somerset and Union counties.  Freestanding
restaurants, auto service facilities and auto dealerships are also
included, while enclosed regional malls and centers under
construction or redevelopment are excluded.

"Despite the progress shown on the hard-hit Route 22 corridor,
northern New Jersey has yet to recover from the effects of the
rash of big-box retail bankruptcies that began to elevate
vacancies in 2009 when the rate jumped to 6.6% from 3.6% the prior
year," said Richard J. Brunelli, president of the firm.  "Long one
of the top-performing retail real estate markets in the nation,
the northern region boasted a vacancy rate of just 3% or less in
less in three of the last 10 years after hitting an unheard of low
of 2% in 2003.  Our latest study found that big-box vacancies have
stabilized as health clubs and retailers looking to expand their
footprint in the region led to net absorption over the past year.
But we're also seeing rising vacancies in small store space.
Small chains and mom and pops continue to struggle to get
financing for new locations or start-up ventures.  Meanwhile,
marginal operators unwilling to try to make a go of it in a tough
economy are shutting their doors as leases expire."

The 2013 survey found that vacancies in the region's big-box
stores exceeding 20,000 square feet declined to 1.06 million
square feet, or 45.7% of total empty space, from 1.09 million
square feet, or 46.7%, in 2012.  Approximately 772,207 square
feet, or 73%, of this year's empty big box space came from stores
that remained vacant since the firm's 2012 survey and, in many
cases, from 2011 and before.  Indeed, spaces lingering on the
market for at least three years totaled 612,700 square feet, or
58% of the region's big-box inventory.  These include locations
formerly operated by Circuit City, Linens 'N Things, Office Depot,
Home Depot Expo, Borders, and Pathmark.

"During this past year, we saw some positive developments in
particular with big-boxes left over from the Border's bankruptcy
and The Great Atlantic & Pacific Tea Co.'s selective closures of
under-performing Pathmarks," Mr. Brunelli noted.  "Among the four
Pathmarks that were still available along the corridors in our
2012 survey, two have since been absorbed by Costco and ShopRite
on Route 22, leaving the pair along Route 10 in play.  Similarly,
of the four remaining Borders locations, the spaces on Routes 17
and 23 have been leased to DSW Shoes and Jo-Ann Fabrics,
respectively, with stores on Routes 10 and 22 still available."

Among the four big-box spaces aggregating 120,000 square feet
along Routes 10, 17 and 22 that were thrown onto the market in the
2012 survey from the bankruptcies of Sixth Ave.  Electronics, Syms
and Einstein Moomjy, only 20,000 square feet has been spoken for,
with growing local chain Buddy's Small Lots taking the former
Einstein location on Route 10 in Whippany.  A smaller (19,500-
square-foot) former Sixth Ave. space on Route 10 in Livingston was
leased by growing national chain The Tile Shop, which also took
approximately 23,000 square feet of the long-vacant, 32,300-
square-foot Circuit City on Route 22 in North Plainfield.

Notable big-box vacancies arising over the past year included the
42,000-square-foot Daffy's on Route 4 in Paramus.  The bankrupt
chain's freestanding 30,000-square-foot location on Route 10 in
East Hanover is being subdivided.  To date, Party City has signed
for 15,000 square feet and a lease is out on a 6,000-square-foot
unit. R.J. Brunelli is exclusive broker for the remaining space.

Results for the individual northern New Jersey roadways are as
follows:

Route 17. The vacancy factor along the 15-mile section extending
from Paramus to Mahwah rose for the third straight year to 8.3%
from 8.2% in 2012 and 7.4% in 2011.  Over the last 10 years, this
major retail corridor's vacancy factor has ranged from a low of
3.2% in 2005 to a high of 8.7% in 2010.

All told, the firm's 2013 study uncovered 411,224 square feet of
vacancies in the corridor's 4.94 million square feet of space.
Availabilities were seen in 21 of the 150 properties reviewed.
Big-boxes accounted for 60.8% of the vacant space, the highest
ratio for any of the 10 retail corridors studied by the firm in
northern and central New Jersey, down slightly from a 61.9% share
in 2012.

New big-box vacancies included Electronics Expo, XSRE and
Loehmann's stores totaling 65,000 square feet in Paramus and
Ramsey.  These added to the 205,000 square feet of older big-box
inventory divided between the roadway's former Home Depot Expo,
Syms, Sixth Ave., K&G Menswear, and Pearl Art stores in Paramus
and Ramsey.

The impact of the newer closures was partially offset by new deals
with Basset Furniture for half of the former 40,000-square-foot
Circuit City store in Paramus Town Center (the since-closed XSRE
occupied the other half), and DSW's aforementioned lease for the
former 25,000-square-foot Border's at Interstate Shopping Center
in Ramsey .  Additionally, the former 28,000-square-foot Lord &
Taylor Home store in Paramus' Fashion Center was snapped up over
the course of the year by Buy Buy Baby, which relocated from
Paramus Towne Square.

Route 4. Reflecting the aforementioned closure of Daffy's in
Paramus Place, the vacancy rate along the three-mile area between
River Edge and Paramus increased to 5.4% from 5.0% in 2012 and
4.2% in 2011.  The current rate is nearly half of the 10-year high
of 10.6% reached in 2005, but well above the 1.8% low set in 2004.

R.J. Brunelli's 2013 study found 121,950 square feet of vacancies
in the 2.27 million square feet reviewed, with 12 of the highway's
48 properties having dark space.

The impact of Daffy's closure was partially offset by the opening
of Stickley Furniture in the long-vacant, 20,000-square-foot
former Levitz building in Paramus.

Route 10. At 13.5%, 20-mile stretch from Livingston to Ledgewood
again had the highest vacancy factor of any of the 10 highways
studied by R.J. Brunelli in New Jersey.  The most recent rate was
up from 13.1% in 2012, but down from the 10-year high of 13.8% in
2011, as new and lingering big-box vacancies continue to take a
toll on a highway where the rate was low as 1.5% in 2005.

The firm's 2013 study found 726,605 square feet of vacancies in
the 5.38 million square feet studied, with availabilities in 48 of
the 181 properties evaluated.  Big-box spaces drove 47.1% of this
year's vacancies, down slightly from 48.1% a year ago.

Nine spaces aggregating 272,172 square feet have now been on the
market for two years or more, representing 81% of the roadway's
big-box vacancies.  However, approximately 45% of those longer-
term vacancies are clustered in a totally empty power center in
Livingston.  New big-box space becoming available in the past year
included a pair of 22,500-square-foot pad sites at the Kmart-
anchored center in Randolph, as well as a new 20,000-square-foot
building in Morris Plains.

In addition to the aforementioned deals for the former Daffy's and
Einstein Moomjy buildings in East Hanover, big-box absorptions
during the past year included a physical therapy practice's re-use
of the 25,000-square-foot Honda Power Sport showroom in Hanover
and Home Goods' lease of the 23,000-square-foot Branch Brook Pools
location in East Hanover Plaza.  "The relatively quick deals for
the Daffy's and Branch Brook sites, both of which went on and off
the market in the past year, point to the demand for well-located
sites along Route 10," Mr. Brunelli commented.

Route 46/3. The vacancy rate for the 21-mile corridor of Route 46
between Dover and West Paterson and the adjoining section of Route
3 in Clifton expanded to 5.7% from 4.9% in 2012, but still below
the 10-year-high of 7.3% reached in 2011.  Over the last 10 years,
this corridor's vacancy factor was as low as 2.1% in 2008.

R.J. Brunelli's 2013 survey found 402,079 square feet of vacancies
in the 7.04 million square feet studied, with availabilities in 36
of the 203 sites studied.

Big-box spaces accounted for 31.5% of the vacant space, up from
26.7% in 2012, with just four spaces above 20,000 square feet
currently on the market.  Spaces going dark in the past year
include a 40,000-square-foot building in Parsippany's Morris Hills
Shopping Center that became available after P.C. Richards
relocated to a 30,000-square-foot freestanding store in Wayne
previously occupied by Circuit City; the 20,500-square-foot All
Brands Furniture building in Rockaway; and a 28,000-square-foot
space in Ledgewood's Kenvil Shopping Plaza that housed a health
club and, previously, an independent grocer.

Elsewhere in the Morris Hills Shopping Center, Blink Fitness took
approximately18,300 square feet of the former 22,400-square-foot
Michaels space that became available in 2012 when the arts &
crafts chain relocated to a nearby center.  Additionally, in
Wayne's Holiday Plaza, Buddy's Small Lots took a 23,000-square
foot space previously occupied by Petco, which moved within the
center to take the space previously occupied by Comp USA.

Route 23. The 10-mile corridor between Wayne and Butler once again
had the lowest vacancy rate of any of the 10 New Jersey highways
studied by R.J. Brunelli, dropping to 4.7% from the 10-year high
of 4.9% reached in 2012. Over the last 10 years, Route 23's
vacancy factor has been as low as 1.4% in 2005, as the lack of
available buildable land continues to keep a lid on the corridor's
overall inventory.

The firm's 2013 survey found 108,433 square feet of vacancies in
2.31 million square feet, with availabilities in 15 of the 76
properties reviewed.

With Jo-Ann Fabrics taking the 25,000-square-foot Borders at
Riverside Exchange, no big-box space is currently available along
the highway.

Route 22. A series of notable big-box absorptions helped drive
down the vacancy rate along northern New Jersey's most heavily-
retailed corridor to 8.3% from a 10-year high of 9.7% in 2012, but
still above the 8.0% recorded in both 2011 and 2010.  The
corridor's rate had been under 3% in three of the last 10 years,
dropping to a low of 2.4% in 2007.

R.J. Brunelli's 2013 survey uncovered 628,608 square feet of
vacant space in the 7.57 million square feet reviewed along the
21-mile stretch of Route 22 from Union to Somerville, as well as
nearby properties along intersecting Route 202/206 from the
Somerville traffic circle north into Bridgewater, plus the nearby
Route 28/287 intersection in Bridgewater.  Availabilities were
seen in 44 of the 251 sites.

Big-boxes accounted for 48.1% of the corridor's vacancies,
dropping from 53.5% in 2012.  Absorptions of big-box spaces were
keyed by the aforementioned deals that are bringing Costco and a
Village Super Markets Inc.  Shop-Rite to shuttered Pathmark sites
in North Plainfield and Union, respectively.  Both chains are
coming into the centers with bigger footprints than the Pathmarks.
Elsewhere, a Nissan dealership took over the 20,000-square-foot
former Ray's Sports building in North Plainfield, Harbor Freight
occupied half of a 25,000-square-foot former Saturn dealership in
Greenbrook, and The Tile Shop leased 23,000 square feet of the
long-vacant 30,000-square-foot Circuit City in the same North
Plainfield center that is adding Costco.

Those gains on the big-box side were partially offset by the
closures of a 30,000-square-foot Jason's Furniture in Greenbrook
and the 25,000-square-foot Sears Auto Center in Union "In Union,
property owner Sears Holdings is reconfiguring the site to
accommodate smaller tenants," Mr. Brunelli said.  "We expect to
see more of this at other Sears-owned sites in New Jersey, as the
struggling retailer looks to capitalize on its real estate
holdings by converting under-performing store formats in desirable
areas into multi-tenant rental properties."

R.J. Brunelli expects to release its report on the central New
Jersey market next week.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Oct. 3-5, 2013
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         Marriott Wardman Park, Washington, D.C.
            Contact: http://www.turnaround.org/

Nov. 1, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      NCBJ/ABI Educational Program
         Atlanta Marriott Marquis, Atlanta, Ga.
            Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2, 2013
   BEARD GROUP, INC.
      20th Annual Distressed Investing Conference
          The Helmsley Park Lane Hotel, New York, N.Y.
          Contact: 240-629-3300 or http://bankrupt.com/

Dec. 5-7, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Terranea Resort, Rancho Palos Verdes, Calif.
            Contact: 1-703-739-0800; http://www.abiworld.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.

Last Updated: Aug. 26, 2013



                            *********

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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