TCR_Public/130923.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Monday, September 23, 2013, Vol. 17, No. 264


                            Headlines

1801 REDDY: Case Summary & 6 Unsecured Creditors
2279-2283 THIRD: Fails to Pay Tax; IRS Seeks Case Dismissal
2279-2283 THIRD: Plan Confirmation Hearing Adjourned to Oct. 16
AEROVISION HOLDINGS: Oct. 1 Hearing Set on Bid to Dismiss Case
AFA FOODS: Beef Co. Claims Unit Withheld Info in Tainted Meat Case

AFFIRMATIVE INSURANCE: Changes CEO Option Grant to 250,000 Shares
AFFIRMATIVE INSURANCE: Moody's Affirms 'Caa1' IFS Rating
ALLIED SYSTEMS: Judge Approves $135-Mil. Sale to Jack Cooper
AMERICAN AIRLINES: Unions Rally for Merger with US Airways
AMERICAN SEAFOODS: Pending Russian MSC Cert. No Impact on Ratings

AMES DEPARTMENT STORES: Plan Confirmation Hearing Set for Nov. 13
ANGLO IRISH: Creditors Blast Bank's Bid for Emergency Stay
ARCH COAL INC: Bank Debt Trades at 2% Off
ARISTA POWER: Gets $625,000 Contract Develop Micro-Grid System
AS SEEN ON TV: Shareholders Elect Five Directors

ATP OIL: Pomerantz Law Firm Files Class Action in Texas
BLACKBERRY LTD: To Slash Workforce by Up to 40% by Year End
BLACKBERRY LTD: Lowers Net Loss to $84-Mil. in First Quarter
BON-TON STORES: Extends Expiration of Exchange Offer Until Today
BRAZOSPORT REGIONAL: S&P Lowers Rating on 2012 Bonds to 'BB+'

BROWNSVILLE MD: Gets Interim Order to Use Cash Collateral
CAESARS ENTERTAINMENT: Begins Loans Refinancing Process
CAESARS ENTERTAINMENT: Bank Debt Trades at 7% Off
CAESARS ENTERTAINMENT: Moody's Assigns 'B3' CFR; Outlook Stable
CAESARS ENTERTAINMENT: S&P Assigns 'CCC+' Corporate Credit Rating

CASA CASUARINA: Rothstein Estate Gets Revenue From Auction
CASH STORE: Assistive Financial Commences Legal Action
CELL THERAPEUTICS: Obtains $14.8-Mil. From Securities Offering
CENGAGE LEARNING: Committee Can Retain FTI as Financial Advisor
CENGAGE LEARNING: Committee Can Retain Moelis as Investment Banker

CENGAGE LEARNING: Can Employ PwC as Independent Auditors
CENGAGE LEARNING: Wells Fargo, Committee Balk at Mediator
CHATSWORTH PGA: Files for Bankruptcy
CHINA PRECISION: Authorized Common Stock Lowered to 10MM Shares
CONVERGEX HOLDINGS: Moody's Withdraws B3 CFR After Full Repayment

CROWN TELECOM: Brazilian Court Issues Judgment Against Webtech
DETROIT, MI: Residents to Voice Pension Fears to Bankruptcy Judge
DETROIT, MI: May Use Water Dept. Funds to Pay Pension Debts
DETROIT, MI: Workers Demand Orr Testifies On Talks With Governor
DEX MEDIA WEST: Bank Debt Trades at 16% Off

DTS8 COFFEE: Incurs $64,000 Net Loss in July 31 Quarter
EASTERN 1996D: Voluntary Chapter 11 Case Summary
EDGEN GROUP: S&P Revises Outlook to Negative & Affirms 'B+' CCR
EL CENTRO MOTORS: Oct. 7 Hearing on Final Decree Closing Case
ELITE PHARMACEUTICALS: Announces First Shipment of Naltrexone

ENDEAVOUR INTERNATIONAL: Agrees to Sell $22.5-Mil. Crude Oil
ENERGY FUTURE: Said to Have Signed Confidentiality Deal
EXCEL MARITIME: Robertson Objects to Disclosure Statement
FIRST STATE BANCORP: Trustee's Suit Survives FDIC's Dismissal Bid
FOOTHILL/EASTERN TRANSPO: Fitch Withdraws 'BB' 2nd Bond Ratings

FRIENDFINDER NETWORKS: Transaction Support Agreement Filed
FRIENDFINDER NETWORKS: Can Use Cash Collateral During Ch. 11
FURNITURE BRANDS: U.S. Trustee Appoints 7-Member Creditors' Panel
FURNITURE BRANDS: Seeks to Employ Paul Hastings as Lead Counsel
FURNITURE BRANDS: Taps Young Conaway as Local Delaware Counsel

FURNITURE BRANDS: Hires Alvarez & Marsal as Restructuring Advisors
GAR LIMITED: OSC Grants Full Revocation of Cease Trade Order
GATEHOUSE MEDIA: Soliciting Acceptances of Prepackaged Plan
GENTIVA HEALTH: S&P Affirms B Corp. Credit Rating; Outlook Stable
GEO GROUP: S&P Assigns 'B+' Rating to $250MM Sr. Unsecured Notes

GLOBAL ROCK NETWORKS: Files Chapter 11 in S.D.N.Y Court
GMX RESOURCES: Amended Key Employee Retention Plan Filed
GUAM POWER: Fitch Affirms 'BB+' Rating on $51MM Revenue Bonds
GYMBOREE CORP: Bank Debt Trades at 3% Off
HARRISBURG, PA: Aims to Pay Bank $1.9MM From Western Auction

HAWAII OUTDOOR: Has Deal Extending Benda Trust Lease
HELENA CHRISTIAN SCHOOL: Mountain West Bank May Foreclose Assets
HELENA CHRISTIAN SCHOOL: Court Rejects Bid to Mine Real Property
HELENA CHRISTIAN SCHOOL: Plan Outline Hearing Continued to Oct. 8
HERITAGE CONSOLIDATED: Seeks Extension of Cash Collateral Use

HERSHEY OFFICE: Voluntary Chapter 11 Case Summary
HIGHWOODS PROPERTIES: Fitch Affirms 'BB' Preferred Stock Rating
HYPERTENSION DIAGNOSTICS: Director Alan Stern Quits
ID PERFUMES: To Stop Developing Selena Gomez Fragrances
iGPS COMPANY: Has Until Dec. 30 to Decide on Unexpired Leases

IN PLAY: Disclosure Statement Hearing Set for Nov. 13
INFORMATION RESOURCES: New Debt Facility Gets Moody's B2 Rating
INNOVIDA HOLDINGS: Miami Exec Gets 12.5 Years for $40-Mil. Scam
INTELLICELL BIOSCIENCES: Issues 6.8MM Add'l Shares to Hanover
JAMES RIVER: To Swap $19.3 Million New Notes for Tendered Notes

JEH COMPANY: Oct. 9 Hearing on Exclusivity Extension
KAHN FAMILY: Court Extends Plan Exclusivity Until Oct. 21
KIDSPEACE CORP: Has Until Dec. 17 to Decide on Unexpired Leases
KRESTON TLSR: Case Summary & 20 Largest Unsecured Creditors
LAKELAND INDUSTRIES: Clarifies Statements Made in the Media

LEHMAN BROTHERS: Spars with Mich. Housing Authority Over Swap Deal
LIGHTSQUARED INC: Battles with Lenders Over Auction Rules
MAGIC POWERBOATS: Voluntary Chapter 11 Case Summary
MARKET CENTER EAST: 10th Cir. Vacates Lurie and Park Fee Ruling
MEADOWBROOK INSURANCE: Enters Into Bank Credit Facility Amendment

MGM RESORTS: Tracinda Held 18.6% Equity Stake at Sept. 17
MIH PARENT: S&P Assigns 'B-' Corp. Credit Rating; Outlook Positive
MJM MANAGEMENT: Lender May Proceed With Foreclosure Case
NAVISTAR INTERNATIONAL: Extends $500MM Facility Through 2014
NEW CENTURY TRS: Court Won't Reinstate Galope Claim

NGPL PIPECO: Bank Debt Trades at 11% Off
NORANDA OPERATING: DBRS Confirms 'BB' Senior Secured Notes
NORBORD INC: DBRS Hikes Issuer Rating to 'BB'
NORTHWEST G.F. MUTUAL: A.M. Best Affirms 'B-' FSR
ORECK CORP: AAC Consulting Approved to Provide Tax Services

OVERLAND STORAGE: Incurs $19.6 Million Net Loss in Fiscal 2013
PATRIOT COAL: Can Conduct Rule 2004 Examination of ArcLight
PERSONAL COMMUNICATIONS: Gets Final OK on $46MM Bankruptcy Loan
PERSONAL COMMUNICATIONS: To Tap Goodwin Procter as Lead Counsel
PERSONAL COMMUNICATIONS: To Employ Togut Segal as Co-Counsel

PETER PETER COTTONTAIL: Court Says Loan Modification Enforceable
PLC SYSTEMS: Raises $1.75 Million in Equity Financing
PMC MARKETING: Suit Against AIG Life de PR Survives Dismissal Bid
PREMIER HEALTHCARE: Case Summary & 20 Largest Unsecured Creditors
QUANTUM FUEL: Inks $11 Million Private Placement Financing

RAMS ASSOCIATES: Can Hire Hutchins Meyer as Accountants
RAPID AMERICAN: Creditors Have Until Nov. 15 to File Claims
RAPID AMERICAN: Young Conaway Approved as FCR's Counsel
REUTAX AG: German Case Gets Nod By U.S. Bankruptcy Court
RHINOCEROS VISUAL: NY Office Space Woes Force Co. Into Bankruptcy

RIDGECREST HEALTHCARE: Case Summary & Creditors List
RIDGECREST RDA: Moody's Confirms 'Ba1' Rating on TABs
RIVERDALE, IL: Moody's Withdraws Rating on Series 2007 GO Bonds
ROCKWOOD SPECIALTIES: Moody's Says Asset Sale a Credit Positive
RURAL/METRO CORP: Oct. 24 Hearing on Adequacy of Plan Outline

RURAL/METRO CORP: Files Schedules of Assets and Liabilities
RURAL/METRO CORP: Panel Taps Womble Carlyle as Delaware Co-Counsel
S. J. MEDICAL: Case Summary & Unsecured Creditor
S&P ENTERPRISES: Case Summary & 7 Unsecured Creditors
SAN BERNARDINO, CA: CalPERS Can't Block Ch. 9 Proceeding

SAVVA'S RESTAURANT: Case Summary & 12 Unsecured Creditors
SCIMECA FOUNDATION: Ch.7 Trustee Authorized to Sell Foremost Bldg
SIRIUS XM: Proposed $600MM Sr. Notes Issue Gets Moody's B1 Rating
SIRIUS XM: S&P Assigns 'BB' Rating to $600MM Sr. Notes Due 2020
SOUND SHORE: Panel Retains Deloitte Financial as Financial Advisor

SOUND SHORE: Seeks Extension to File Plan Until Jan. 24
SOUTH LAKES: Modifies Plan on Provisions for Class 13 Claims
SOUTHERN FILM: Gets Final OK to Incur Loan From Epsilon Plastics
SPRINGLEAF FINANCE: Prices Offering of Senior Notes
ST. MARIE CLINIC: Payments to Carrillo et al. May Be Avoided

TERVITA CORP: Bank Debt Trades at 2% Off
TIMIOS NATIONAL: Purchases All Assets of Adobe Title
TRANS ENERGY: Presented at BetterInvesting National Convention
TXU CORP: Bank Debt Trades at 32% Off
UNIFIED 2020: Oct. 28 Hearing on Adequacy of Plan Outline

UNITED DISTRIBUTION: S&P Revises Outlook & Affirms 'B-' CCR
UNITEK GLOBAL: Hires Grant Thornton as Accountants
USG CORP: Reports Organizational Changes to Support Growth Plan
VALERIE MARTIN: Court Tackles Absolute Priority Rule
VO ENTERPRISES: Voluntary Chapter 11 Case Summary

WALTER ENERGY: Moody's Rates Proposed Secured Notes 'B3'
WALTER ENERGY: S&P Assigns 'B' Rating to $350MM Sr. Secured Notes
WENTWOOD BAYTOWN: Files Amended 1st Modified Reorganization Plan
WESTERN FUNDING: Harbor Structured's Members Seek Case Dismissal
WESTERN FUNDING: Schedules Filing Deadline Extended to Oct. 2

Z TRIM HOLDINGS: Sold 844,571 Common Shares to Brightline
ZACKY FARMS: Hearing Tuesday to Confirm Liquidation Plan

* Illinois Top Lawmakers Seek Paychecks Amid Pension Fight
* JPMorgan Said to Pay $900MM to Settle "London Whale" Probes

* Fitch Updates For-Profit Hospital Operators' Recovery Analyses
* Moody's: Rising LT Interest Rates Dampen US Banks' Prospects

* BOND PRICING -- For Week From Sept. 16 to Sept. 20, 2013

                            *********

1801 REDDY: Case Summary & 6 Unsecured Creditors
------------------------------------------------
Debtor: 1801 Reddy Drive, LLC
        7280 Tinsley Way
        Manassas, VA 20111-2550

Bankruptcy Case No.: 3-25664

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Paul Mannes

Debtors' Counsel: R. Manny Montero, Esq.
                  MONTERO LAW GROUP, LLC
                  1738 Elton Road, Suite 105
                  Silver Spring, MD 20903
                  Tel: (301) 588-8100
                  Fax: (301) 588-8101
                  E-mail: mmontero@monterolawgroup.com

                         - and ?

                  Michael A. Ostroff, Esq.
                  MONTERO LAW GROUP, LLC
                  Executive Court
                  1738 Elton Road, Suite 105
                  Silver Spring, MD 20903
                  Tel: (301) 588-8100
                  Fax: (301) 588-8101
                  E-mail: mostroff@monterolawgroup.com

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

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

Affiliate that simultaneously filed for Chapter 11:

        Debtor                          Case No.
        ------                          --------
Iroko African Food Distributors, Inc.   13-25661
  Assets: $100,001 to $500,000
  Debts: $500,001 to $1,000,000

The petitions were signed by Dominic Nnanyelugoh, managing member.

A. A copy of 1801 Reddy Drive's list of its six unsecured
creditors is available for free at
http://bankrupt.com/misc/mdb13-25664.pdf

B. A copy of Iroko African Food Distribution's list of its nine
unsecured creditors is available for free at
http://bankrupt.com/misc/mdb13-25661.pdf


2279-2283 THIRD: Fails to Pay Tax; IRS Seeks Case Dismissal
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
adjourned to Oct. 16, 2013, at 10 a.m., the hearing to consider
the motion to dismiss, or convert to one under Chapter 7 of the
Bankruptcy Code, the Chapter 11 case of 2279-2283 Third Avenue
Associates LLC.

The United States of America, on behalf of the Internal Revenue
Service, by its counsel, Preet Bharara, Esq., explained that the
Court must grant the requested relief because the Debtor has
failed to file federal tax returns for multiple tax years.

The hearing was originally set for Oct. 2, 2013, at 10 a.m.

                   About 2279-2273 Third Avenue

2279-2283 Third Avenue Associates LLC and 2279-2283 Third Avenue
Development LLC sought Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case Nos. 12-13092 and 12-13093) on July 17, 2012.
Jonathan S. Pasternak, Esq., at DelBello Donnellan Weingarten Wise
& Wiederkehr, LLP, in White Plains, N.Y., represents the Debtors
as counsel.

Third Avenue Associates owns two contiguous multi residential
buildings located at 2279-2283 Third Avenue, in New York.  Third
Avenue Development is the sole member of Associates.  The Property
is Associate's primary asset, while Development's membership
interests in Associates is its sole asset.  Debtor 2279-2283 Third
Avenue disclosed $14,839,697 in assets and $16,973,992 in
liabilities as of the Chapter 11 filing.

The managing member of each of the Debtors is Michael Waldman.  He
is also the managing member of 3210 Riverdale Associates LLC and
the managing member of the sole member of 3210 Riverdale
Development LLC, other Chapter 11 proceedings currently pending
before the SDNY Court under Case Nos. 12-11286 and 12-11109.

Third Avenue Associates obtained financing from commerce bank of
$14 million and Development obtained mezzanine financing from HSBC
Capital (USA) Inc. in the amount of $6 million.  HSBC refused to
grant additional $700,000 in financing requested by the Debtor to
fund build-outs required by the Internal Revenue Service.

The Commerce note -- which was assigned to TD Bank and then to
LSV-JCR 124th LLC -- was secured by a mortgage on the Properties,
and the HSBC obligation is secured by a mortgage on Associates'
membership interest owned by Development.

The HSBC note matured in 2011 and HSBC called the loan into
default and commenced foreclosure action.  The state court entered
an order appointing Steven Weiss as receiver of rents.  THSBC has
assigned its mezzanine note to LCP-GC LLC.

On July 3, 2012, the Debtors and their two secured lenders, LSV-
JCR 124th LLC and LCP-GC LLC entered into a settlement that
requires the Debtors to transfer ownership of the buildings to the
secured lenders through a Chapter 11 plan.

Judge James Peck oversees the Chapter 11 cases.  No trustee,
examiner or official committee has been appointed in the cases.

The Plan filed in the Debtors' cases contemplate the transfer of
the property commonly known as 2279-2283 Third Avenue, in New
York, to LSV-JCR 124th LLC, as senior lender, in full satisfaction
of its Allowed Secured Claims in the estimated amount of $14.5
million.  In consideration thereof, the Senior Lender will: (1)
fund the distributions to creditors under the Plan, including (a)
payment of all outstanding real estate taxes and related
administrative charges claimed by the City of New York (approx.
$250,000), the fees of the Debtor's attorney (approx. $50,000) and
an approximate 13.5% distribution to holders of Allowed Unsecured
Claims ($100,000); and (2) waive its deficiency Unsecured Claim of
approximately $500,000.


2279-2283 THIRD: Plan Confirmation Hearing Adjourned to Oct. 16
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
adjourned to Oct. 16, 2013, at 10 a.m., the hearing to consider:

   1. the confirmation of 2279-2283 Third Avenue Associates
      LLC's Joint Plan of Reorganization;

   2. final applications for professional compensation and
      reimbursement of expenses; and

   3. the Internal Revenue Service motion to dismiss or convert
      Chapter 11 case.

As reported in the Troubled Company Reporter on Aug. 26, 2013,
Judge James Peck approved the Debtor's first amended disclosure
statement explaining its Plan of Reorganization and scheduled a
hearing on Sept. 17, to consider confirmation of the Plan and
final applications for allowance of professional fees and
reimbursement of expenses.

The Plan contemplates the transfer of the property commonly known
as 2279-2283 Third Avenue, in New York, to LSV-JCR 124th LLC, as
senior lender, in full satisfaction of its Allowed Secured Claims
in the estimated amount of $14.5 million.  In consideration
thereof, the Senior Lender will: (1) fund the distributions to
creditors under the Plan, including (a) payment of all outstanding
real estate taxes and related administrative charges claimed by
the City of New York (approx. $250,000), the fees of Debtor's
attorney (approx. $50,000) and an approximate 13.5% distribution
to holders of Allowed Unsecured Claims ($100,000); and (2) waive
its deficiency Unsecured Claim of approximately $500,000.

Under the Plan, Class 3 (Senior Lender Claim) and Class 4 (General
Unsecured Claims) are impaired and entitled to vote on the Plan.
Class 5 (Equity Interests) will receive no distributions under the
Plan and is therefore deemed to have rejected the Plan.  Classes 1
and 2 are unimpaired and conclusively deemed to have accepted the
Plan.

A full-text copy of the First Amended Disclosure Statement, dated
Aug. 9, 2013, is available for free at:

           http://bankrupt.com/misc/22792283_ds_0809.pdf

Jonathan S. Pasternak, Esq., and Jule A. Cvek, Esq., at DELBELLO
DONNELLAN WEINGARTEN WISE & WIEDERKEHR, LLP, in White Plains, New
York, represent the Debtors.

                   About 2279-2273 Third Avenue

2279-2283 Third Avenue Associates LLC and 2279-2283 Third Avenue
Development LLC sought Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case Nos. 12-13092 and 12-13093) on July 17, 2012.
Jonathan S. Pasternak, Esq., at DelBello Donnellan Weingarten Wise
& Wiederkehr, LLP, in White Plains, N.Y., represents the Debtors
as counsel.

Third Avenue Associates owns two contiguous multi residential
buildings located at 2279-2283 Third Avenue, in New York.  Third
Avenue Development is the sole member of Associates.  The Property
is Associate's primary asset, while Development's membership
interests in Associates is its sole asset.  Debtor 2279-2283 Third
Avenue disclosed $14,839,697 in assets and $16,973,992 in
liabilities as of the Chapter 11 filing.

The managing member of each of the Debtors is Michael Waldman.  He
is also the managing member of 3210 Riverdale Associates LLC and
the managing member of the sole member of 3210 Riverdale
Development LLC, other Chapter 11 proceedings currently pending
before the SDNY Court under Case Nos. 12-11286 and 12-11109.

Third Avenue Associates obtained financing from commerce bank of
$14 million and Development obtained mezzanine financing from HSBC
Capital (USA) Inc. in the amount of $6 million.  HSBC refused to
grant additional $700,000 in financing requested by the Debtor to
fund build-outs required by the Internal Revenue Service.

The Commerce note -- which was assigned to TD Bank and then to
LSV-JCR 124th LLC -- was secured by a mortgage on the Properties,
and the HSBC obligation is secured by a mortgage on Associates'
membership interest owned by Development.

The HSBC note matured in 2011 and HSBC called the loan into
default and commenced foreclosure action.  The state court entered
an order appointing Steven Weiss as receiver of rents.  THSBC has
assigned its mezzanine note to LCP-GC LLC.

On July 3, 2012, the Debtors and their two secured lenders, LSV-
JCR 124th LLC and LCP-GC LLC entered into a settlement that
requires the Debtors to transfer ownership of the buildings to the
secured lenders through a Chapter 11 plan.

Judge James Peck oversees the Chapter 11 cases.  No trustee,
examiner or official committee has been appointed in the cases.


AEROVISION HOLDINGS: Oct. 1 Hearing Set on Bid to Dismiss Case
--------------------------------------------------------------
Tiger Aircraft Corporation, Logix Global, Inc., and M&M Aircraft
Acquisitions, Inc., filed a motion with the U.S. Bankruptcy Court
seeking dismissal of the chapter 11 case of Aerovision Holdings 1
Corp. or, in the alternative, an order terminating the automatic
stay imposed by these bankruptcy proceedings so that the lawsuit
captioned as, Northrop TF51 Corp, et al v. Tiger Aircraft Corp, a
Delaware Corporation, et al, Case No CA 13-32, which is currently
pending in the Seventh Judicial Circuit in and for St. Johns
County, Florida, may proceed.

Tiger et al. also join i3 Aircraft Holdings One, LLC and
Integration Innovation, Inc.'s motion to dismiss or, in the
alternative, for relief from the automatic stay, filed June 28,
2013, in this bankruptcy case.

Tiger et al. ask the Court to dismiss Aerovision's petition "for
cause" pursuant to 11 U.S.C. Sec. 1112(b) and Sec. 105(a).  In the
alternative, Tiger et al. request that the Bankruptcy Court enter
an order granting Tiger et al. relief from the automatic stay "for
cause" pursuant to 11 U.S.C. Sec.  362(d)(1) and Eleventh Circuit
case law because the petition in this case was filed in "bad
faith" by Aerovision's, and the individuals behind the Debtor,
Mark Daniels and his attorney Steven Selz.

Tiger et al. said the relief requested will permit a pending
action on the fraudulent possession of the subject property in
this petition to continue in the Florida Circuit Court and will
prevent further fraud on the judicial process.  The relief
requested will also put a stop on the Debtor's intent to abuse the
purposes of the reorganization provisions by using such provisions
to delay the enforcement of the Circuit Court's order to return
the subject property and to further delay the Circuit Court from
proceeding with an evidentiary hearing regarding the fraudulent
actions of Mark Daniels and Steven Selz.

Hearing on the motion is scheduled for Oct. 1, 2013 at 10:00 a.m.
at 1515 N Flagler Dr Room 801 Courtroom A, West Palm Beach.

Attorneys for Tiger et al. can be reached at:

         Kevin M. Sherlock, Esq.
         HEURLIN SHERLOCK PC
         1636 N. Swan Rd., Suite 200
         Tucson, AZ 85712-4096
         Tel: (520) 319-1200
         Fax: (520) 319-1221
         E-mail: ksherlock@aztoplawyers.com

              - and -

         David L. Gorman, Esq.
         GORMAN & BARRY, P.A.
         618 U.S. Highway One, Suite 303
         North Palm Beach, FL 33408
         Tel: (561) 842-0808
         Fax: (561) 842-0914
         E-mail: dlgorman@gormanlawpa.com

              About Aerovision Holdings 1 Corp.

Aerovision Holdings 1 Corp. filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 13-24624) on June 21, 2013, in its home-town in
West Palm Beach, Florida.  Mark Daniels signed the petition as
president.  The Debtor estimated assets in excess of $10 million
and liabilities of $1 million to $10 million.  Craig I. Kelley,
Esq., at Kelley & Fulton, PL, serves as the Debtor's counsel.


AFA FOODS: Beef Co. Claims Unit Withheld Info in Tainted Meat Case
------------------------------------------------------------------
Law360 reported that a Nebraska beef company said it wants an
automatic stay lifted in the bankruptcy case for AFA Foods Inc. --
which sought court protection amid the "pink slime" filler
controversy -- claiming it has new evidence that will change the
outcome of a tainted meat dispute with the Debtor's affiliate.

According to the report, Greater Omaha Packaging Co. Inc., which
lost a dispute in federal court over who was liable for a 2009 E.
coli outbreak in Maine, said it recently discovered information it
alleges was withheld.

                         About AFA Foods

King of Prussia, Pennsylvania-based AFA Foods Inc. was one of the
largest processors of ground beef products in the United States.
AFA had seven facilities capable of producing 800 million pound of
ground beef annually.  Revenue in 2011 was $958 million.

Yucaipa Cos. acquired the business in 2008 and currently owns 92%
of the common stock and all of the preferred stock.

AFA Foods, AFA Investment Inc. and other affiliates filed for
Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-11127) on
April 2, 2012, after recent changes in the market for its ground
beef products and the impact of negative media coverage related to
boneless lean beef trimmings (BLBT) affected sales.

Judge Mary Walrath presides over the case.  Laura Davis Jones,
Esq., Timothy P. Cairns, Esq., and Peter J. Keane, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware; Tobias
S. Keller, Esq., at Jones Day, in San Francisco; and Jeffrey B.
Ellman, Esq., and Brett J. Berlin, Esq., at Jones Day, in Atlanta,
Georgia, represent the Debtors.  FTI Consulting Inc. serves as the
Debtors' financial advisors and Imperial Capital LLC serves as
marketing consultants.  Kurtzman Carson Consultants LLC serves as
noticing and claims agent.

As of Feb. 29, 2012, the Debtors' books and records on a
consolidated basis, reflected approximately $219 million in assets
and $197 million in liabilities.  AFA Foods, Inc., disclosed
$615,859,574 in assets and $544,499,689 in liabilities as of the
Petition Date.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
members to the official committee of unsecured creditors in the
Debtors' cases.  The Committee has obtained approval to hire
McDonald Hopkins LLC as lead counsel and Potter Anderson &
Corroon LLP serves as co-counsel.  The Committee also obtained
approval to retain J.H. Cohn LLP as its financial advisor.

AFA, in its Chapter 11 case, sold plants and paid off the first-
lien lenders and the loan financing the Chapter 11 effort.
Remaining assets are $14 million cash and the right to file
lawsuits.

General Electric Capital Corp. and Bank of America Corp. provided
about $60 million in DIP financing.  The loan was paid off in
July 2012.

In October 2012, the Bankruptcy Court denied a settlement that
would have released Yucaipa Cos., the owner and junior lender to
AFA Foods, from claims and lawsuits the creditors might otherwise
bring, in exchange for cash to pay unsecured creditors' claims
under a liquidating Chapter 11 plan.  Under the deal, Yucaipa
would receive $11.2 million from the $14 million, with the
remainder earmarked for unsecured creditors.  Asset recoveries
above $14 million would be split with Yucaipa receiving 90% and
creditors 10%.  Proceeds from lawsuits would be divided roughly
50-50.


AFFIRMATIVE INSURANCE: Changes CEO Option Grant to 250,000 Shares
-----------------------------------------------------------------
Affirmative Insurance Holdings, Inc., and Gary Y. Kusumi, the
Company's chief executive officer, entered into an Amendment No. 1
to Stock Option Agreement amending the Options Award effective
Aug. 10, 2011, to revise the number of stock options granted to
Mr. Kusumi to 250,000, within the limits of the plan.  Mr. Kusumi
also agreed to release the Company from liability relating to the
original Options Award grant and the Amendment.  Additionally, the
Compensation Committee approved a new award of stock options to
Mr. Kusumi to purchase 250,000 shares of common stock of the
Company.

The Compensation Committee of the Company's Board of Directors on
Aug. 10, 2011, approved an award of stock options to Mr. Kusumi to
purchase 850,000 shares of common stock of the Company.  However,
the Company subsequently determined that the award of stock
options to purchase 600,000 shares of the 850,000 shares of common
stock was not validly granted pursuant to the Company's 2004
Amended and Restated Stock Incentive Plan because it exceeded the
limit on the number of stock-based awards that may be granted to
any individual participant within any calendar year.  Accordingly,
the grant of these 600,000 stock options was ineffective and void
under the Plan.

                     About Affirmative Insurance

Addison, Tex.-based Affirmative Insurance Holdings, Inc., is a
distributor and producer of non-standard personal automobile
insurance policies for individual consumers in targeted geographic
markets.  Non-standard personal automobile insurance policies
provide coverage to drivers who find it difficult to obtain
insurance from standard automobile insurance companies due to
their lack of prior insurance, age, driving record, limited
financial resources or other factors.  Non-standard personal
automobile insurance policies generally require higher premiums
than standard automobile insurance policies for comparable
coverage.

For the six months ended June 30, 2013, the Company reported a net
loss of $4.76 million on $136.59 million of total revenues, as
compared with a net loss of $14.17 million on $103.21 million of
total revenues for the same period during the prior year.  The
Company's balance sheet at March 31, 2013, showed $392.86 million
in total assets, $532.41 million in total liabilities and a
$139.55 million total stockholders' deficit.


AFFIRMATIVE INSURANCE: Moody's Affirms 'Caa1' IFS Rating
--------------------------------------------------------
Moody's Investors Service has affirmed the Caa1 insurance
financial strength rating (IFS) of Affirmative Insurance Company,
lead insurance operating subsidiary of Affirmative Insurance
Holdings, Inc. following the announcement that Affirmative will
sell its retail agency distribution business to Confie Seguros, a
California-based national insurance distribution company, for up
to $120 million in cash, including $40 million contingent on risk-
based capital levels at AIC.

Moody's changed the rating outlook for AIC's insurance financial
strength rating to stable from negative reflecting greater capital
available to AIC as a result of the sale, the resolution of a
deficiency with a loss reserve requirement under the Illinois
Insurance Code, and improvement in underwriting results. The
transaction is expected to close within the next 30 days.

Ratings Rationale:

The $120 million consideration is composed of $80 million in cash,
and $40 million to be released to Affirmative dependent on AIC
meeting risk-based capital (RBC) ratio levels over the next 6-24
months. Affirmative expects to pay down the $119 million
outstanding balance under its senior credit facility with the $80
million in proceeds ($72 million after transaction expenses),
together with a new financing arrangement. Additionally, in
connection with the transaction, Affirmative will enter into a
distribution agreement where Confie Seguros will continue to
produce insurance business for AIC, designed to preserve business
volume produced through the retail channel. Affirmative sourced
nearly 50% of its gross written premium during the first half of
2013 from the retail channel.

Moody's notes that the transaction's terms and conditions support
capital stability and lead to more available capital over the
medium term for AIC, predominantly from the $40 million in
contingent proceeds which can be used by Affirmative to either pay
down debt or infuse capital into AIC should RBC ratios decline.
Further, as of June 30, 2013, AIC was in compliance with the loss
reserve requirement under the Illinois Insurance Code, after
having been deficient during 2012 and the first quarter of 2013.
The distribution agreement will also stabilize written premiums
levels going forward as Affirmative plans to improve its
underwriting profitability.

During the first six months, AIC reported a combined ratio of
103%, a notable improvement from 114% in 2012, as well as a 66%
increase in direct written premium, due to a combination of rate
increases, lower competition, and initiatives such as exiting
unprofitable geographic areas and enhancing internal controls.
Policyholders' surplus increased by approximately $4 million in
the first six months of 2013 to $52.4 million, and operating cash
flow was negative $1.6 million, a notable improvement from 2012
and prior years. As of year-end 2012, the statutory risk-based
capital (RBC) ratio of AIC was 225%.

AIC's rating reflects its historically weak profitability and
negative operating cash flow in addition to the company's
considerable challenges given its limited scale and narrow focus
on its niche market of non-standard personal auto. The company's
financial condition remains very weak, given its negative
unassigned surplus position and inability to dividend funds to the
parent without regulatory approval.

Moody's noted the following factors could lead to an upgrade of
the financial strength rating: 1) consistently favorable operating
performance (combined ratios of 105% or better); 2) meaningful
increases in RBC levels of AIC; 3) stabilization of loss reserve
development on prior years. Conversely, the following factors
could lead to a downgrade: 1) meaningful decreases in RBC levels
of AIC; 2) regulatory action on the group's regulated insurance
subsidiaries; 3) continued weak underwriting results and negative
cash flow from operations.

The senior secured and corporate family ratings (both rated Ca,
negative) for Affirmative remain unchanged following the
announcement, and Moody's expects to withdraw these ratings upon
full repayment of the facility.

The following rating was affirmed, with a stable outlook:

Affirmative Insurance Company -- insurance financial strength at
Caa1.

The principal methodology used in this rating was Moody's Global
Rating Methodology for Property and Casualty Insurers published in
May 2010.

Affirmative, based in Addison, TX is a producer and provider of
non-standard personal automobile insurance to consumers in highly
targeted geographic markets. The company offers products in 9
states including Louisiana, Texas, California, Alabama and
Illinois. For the first six months of 2012, Affirmative reported
direct written premium of $153.9 million and reported a net loss
of $4.8 million. As of June 30, 2013, AIC's policyholders' surplus
was $52.4 million.


ALLIED SYSTEMS: Judge Approves $135-Mil. Sale to Jack Cooper
------------------------------------------------------------
Marie Beaudette, writing for DBR Small Cap, reported that a
bankruptcy judge cleared auto hauler Jack Cooper Transport Co. to
buy most of the assets of rival Allied Systems Holdings Inc. out
of bankruptcy for $135 million.

As previously reported by The Troubled Company Reporter, when the
reopened auction for Allied Systems concluded on Sept. 12, auto
hauler Jack Cooper emerged as the winning bidder with an offer of
$135 million.  Jack Cooper, based in Kansas City, Missouri, will
pay $125 million in cash and a $10 million senior secured note
paying interest at 9.25 percent.

The buyer has the right to pay off the note at any time with
accrued interest.  Jack Cooper refers to itself as the largest
truck-based auto hauler in the U.S.  It is acquiring substantially
all of the assets except for some real property the lenders are
taking over.  At the first auction in August, Allied declared the
lenders to be the winning bidder with an offer of $105 million,
consisting of $40.5 million cash and a credit bid of $64.5 million
where the lenders would have paid with secured debt rather than
cash.  A flurry of objections ensued. The bankruptcy judge decided
to reopen the auction.

                       About Allied Systems

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. first filed for chapter 11 protection (Bankr.
N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31, 2005.
Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represented the
Debtors in the 2005 case.  Allied won confirmation of a
reorganization plan and emerged from bankruptcy in May 2007
with $265 million in first-lien debt and $50 million in second-
lien debt.

The petitioning creditors said Allied defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.
They are represented by Adam G. Landis, Esq., and Kerri K.
Mumford, Esq., at Landis Rath & Cobb LLP; and Adam C. Harris,
Esq., and Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by the law firms of Troutman Sanders,
Gowling Lafleur Henderson, and Richards Layton & Finger.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries.  The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and
General Motors LLC.  The Committee is represented by Sidley Austin
LLP.

Yucaipa Cos. has 55 percent of the senior debt and took the
position it had the right to control actions the indenture trustee
would take on behalf of debt holders.  The state court ruled in
March 2013 that the loan documents didn't allow Yucaipa to vote.

In March 2013, the bankruptcy court also gave the official
creditors' committee authority to sue Yucaipa.  The suit includes
claims that the debt held by Yucaipa should be treated as equity
or subordinated so everyone else is paid before the Los Angeles-
based owner. The judge allowed Black Diamond to participate in the
lawsuit against Yucaipa and Allied directors.


AMERICAN AIRLINES: Unions Rally for Merger with US Airways
----------------------------------------------------------
Diane Bartz, writing for Reuters, reported that union members who
work for American Airlines and US Airways Group rallied on Capitol
Hill on Sept. 18, urging the U.S. Justice Department to drop its
opposition to a planned merger between the two airlines.

According to the report, the rally by pilots, flight attendants,
baggage handlers and others also attracted a handful of the 300
lawmakers that the union representatives are meeting this week in
hopes of building support for the deal.

Representatives of the Association of Professional Flight
Attendants, the Allied Pilots Association and US Airline Pilots
Association and the Transport Workers Union also met on Wednesday
with William Baer, the head of the Justice Department's Antitrust
Division, to express displeasure over the lawsuit, a union source
said, the report related.

The Justice Department filed a lawsuit on Aug. 13 to stop the
planned merger between US Airways and American's parent, AMR
Corp., the report added.  The government argues it would violate
antitrust laws because it would lead to higher airfares and other
fees.

A judge will hear the case without a jury in November and decide
whether the deal can go forward, the report further noted.

                      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 bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.  The
plan confirmation order means that if AMR and US Airways win the
Justice Department lawsuit or settle with the government, the
merger plan can go into effect.

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 SEAFOODS: Pending Russian MSC Cert. No Impact on Ratings
-----------------------------------------------------------------
Moody's views the pending Russian Marine Stewardship Council
certification as a credit negative to American Seafoods Group LLC
but it does not affect the company's B3 Corporate Family Rating or
the company's debt instrument ratings. Rated debt instruments
include the company's Ba3 rated senior secured credit facilities
and Caa1 rated senior subordinated notes.

The pending certification is a credit negative because it will
increase the global supply of MSC certified Pollock, which will
put additional pressure on market prices that have come down
materially during the last few years. ASG was recently downgraded
as a result of high leverage and underperformance relative to
expectations, which was largely driven by declining surimi and roe
prices, as well as Japanese Yen weakness.


AMES DEPARTMENT STORES: Plan Confirmation Hearing Set for Nov. 13
-----------------------------------------------------------------
Judge Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York approved the disclosure statement
explaining the modified second amended Chapter 11 plan of Ames
Department Stores, Inc., and its debtor affiliates.

The hearing to consider confirmation of the Plan is scheduled for
Nov. 13, 2013, at 9:45 a.m. (prevailing Eastern Time).  Objections
to the confirmation are due on or before Oct. 18.

The Plan is a straightforward mechanism for liquidating the
Debtors' Assets.  Under the Plan, an initial Distribution will
occur on the Effective Date or as soon as practicable thereafter
to satisfy Allowed Administrative Claims, Allowed Priority Tax
Claims, Allowed Priority Non-Tax Claims, and Indenture Trustee
Fees, i.e., the reasonable and documented compensation, fees,
expenses, disbursements, and indemnity claims of the Indenture
Trustees and their attorneys, advisors, and agents (up to $125,000
per Indenture Trustee). Additional Distributions will be made to
holders of Allowed Note and General Unsecured Claims to the extent
the Debtors have sufficient Available Cash to make Distributions
to such Claimholders. If the Debtors do not have sufficient
Available Cash to make Distributions to such Claimholders, the
balance of the Debtors' Assets, once Professional Fee Claims are
paid, will be distributed to one or more reputable charitable
organization(s) pursuant to the Plan.

                  About Ames Department Stores

Rocky Hill, Connecticut-based Ames Department Stores was founded
in 1958.  At its peak, Ames operated 700 stores in 20 states,
including the Northeast, Upper South, Midwest and the District of
Columbia.  In April 1990, Ames filed for bankruptcy protection
under Chapter 11 of the U.S. Bankruptcy Code.  In Ames I, the
retailer closed 370 stores and emerged from chapter 11 on Dec. 30,
1992.

Ames filed a second bankruptcy petition under Chapter 11 (Bankr.
S.D.N.Y. Case No. 01-42217) on Aug. 20, 2001.  Togut, Segal
& Segal LLP; Weil, Gotshal & Manges; and Storch Amini Munves PC;
Cadwalader, Wickersham & Taft LLP.  When the Company filed for
protection from their creditors, they reported $1,901,573,000 in
assets and $1,558,410,000 in liabilities.  The Company closed all
of its 327 department stores in 2002.


ANGLO IRISH: Creditors Blast Bank's Bid for Emergency Stay
----------------------------------------------------------
Law360 reported that U.S. creditors of Irish Bank Resolution Corp.
Ltd., formerly known as Anglo Irish Bank, urged a bankruptcy judge
in Delaware in the U.S. to deny an emergency bid to invoke the
court's automatic stay, saying the bank lacks any justification
for the expedited timetable.

According to the report, already in liquidation in its home
country, Dublin-based IBRC filed motions asking the court postpone
consideration of its Chapter 15 petition and instead use the
Sept. 20 scheduled hearing to grant the bank provisional relief, a
move creditors claim would deprive them of their rights.

                       About Anglo Irish

Anglo Irish Bank was an Irish bank headquartered in Dublin from
1964 to 2011.  It went into wind-down mode after nationalization
in 2009.  In July 2011, Anglo Irish merged with the Irish
Nationwide Building Society, with the new company being named the
Irish Bank Resolution Corporation (IBRC).

Standard & Poor's Ratings Services said that it lowered its long-
and short-term counterparty credit ratings on Irish Bank
Resolution Corp. Ltd. (IBRC) to 'D/D' from 'B-/C'.   S&P also
lowered the senior unsecured ratings to 'D' from 'B-'.  S&P then
withdrew the counterparty credit ratings, the senior unsecured
ratings, and the preferred stock ratings on IBRC.  At the same
time, S&P affirmed its 'BBB+' issue rating on three government-
guaranteed debt issues.

The rating actions follow the Feb. 6, 2013, announcement that the
Irish government has liquidated IBRC.

The former Irish bank sought protection from creditors under
Chapter 15 of the U.S. Bankruptcy Code on Aug. 26, 2013 (Bankr. D.
Del., Case No. 13-12159).  The former bank's Foreign
Representatives are Kieran Wallace and Eamonn Richardson.  Its
U.S. bankruptcy counsel are Mark D. Collins, Esq., and Jason M.
Madron, Esq., at RICHARDS, LAYTON & FINGER, P.A., in Wilmington,
Delaware.


ARCH COAL INC: Bank Debt Trades at 2% Off
-----------------------------------------
Participations in a syndicated loan under which Arch Coal Inc is a
borrower traded in the secondary market at 98.05 cents-on-the-
dollar during the week ended Friday, September 20, 2013, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents an increase of 0.51
percentage points from the previous week, The Journal relates.
Arch Coal Inc. pays 450 basis points above LIBOR to borrow under
the facility.  The bank loan matures on May 17, 2018.  The bank
debt carries Moody's Ba3 rating and Standard & Poor's BB- rating.
The loan is one of the biggest gainers and losers among 204 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Arch Coal is one of the largest US coal producers which operate in
all of the major US coal basins. The company's production consists
mainly of low-sulfur thermal coal from its Power River Basin mines
and thermal and metallurgical coal from Appalachia. In 2012, the
company generated roughly $4 billion in revenues.

                             *     *     *

As reported in the Troubled Company Reporter on Aug. 7, 2013,
Moody's Investors Service placed all ratings of Arch Coal on
review for possible downgrade, including the company's B2
Corporate Family Rating, B2-PD Probability of Default Rating, Ba3
rating on senior secured credit facility, and the B3 rating on
senior unsecured debt. The rating action was prompted by recent
deterioration in performance and persistent weakness in market
conditions for both thermal and metallurgical coal.


ARISTA POWER: Gets $625,000 Contract Develop Micro-Grid System
--------------------------------------------------------------
Arista Power, Inc., has received a contract valued at $625,000
from the U.S. Army to further develop an Intelligent Micro-Grid
System in support of the U.S. Army Communications Electronics
Research and Development Center's (CERDEC's) Command Power and
Integration Renewable Energy for Distributed Under-Supplied
Command Environments (REDUCE) program.

The contract builds on Arista Power's successful Phase 1 and Phase
2 programs, for which Arista Power is the prime contractor.  Under
the next phase of the program, Arista Power will continue work
towards the standardization of interfaces and development of an
open communication protocol allowing a truly plug and play
environment to be leveraged by military micro grids deployed in
forward operating bases.  The contract calls for Arista Power to
provide demonstrated capability of an advanced Energy Resource
Manager and the ability to utilize multiple energy storage systems
of various chemistries seamlessly within the same micro-grid
system.

Arista Power was selected as prime contractor to develop the U.S.
Army's Intelligent Micro-Grid in January 2012, and received a
Phase Two development contract to further develop the system in
October 2012.

A top priority for the U.S. Army is the availability of adequate
power in remote locations to run all the equipment necessary to
fight a war and maintain the quality of life for soldiers at these
locations.  Because a majority of the power used at these
locations is provided by diesel generators, the difficulty and
expense of providing the fuel to run these generators at remote
locations is a major concern for the U.S. Army.

"The Department of Defense has established an overall goal of
obtaining 25% of its energy from renewable sources by 2020," said
Adeeb Saba, Arista Power's vice president of operations and
project manager of the Intelligent Micro-Grid System Program.
"Arista Power is proud to be playing a role in this effort and is
committed to being a reliable and innovative partner of the U.S.
Army and the Department of Defense in their ongoing efforts toward
achieving that objective."

                        About Arista Power

Rochester, N.Y.-based Arista Power, Inc., is a developer,
manufacturer, and supplier of custom-designed power management
systems, renewable energy storage systems, and a supplier and
designer of solar energy systems.

The Company reported a net loss of $2.03 million on $437,260 of
sales for the six months ended June 30, 2013, compared with a net
loss of $1.84 million on $950,984 of sales for the comparable
period of 2012.  The Company's balance sheet at June 30, 2013,
showed $2.54 million in total assets, $3.11 million in total
liabilities, and a stockholders' deficit of $571,126.

"The financial statements have been prepared assuming that the
Company will continue as a going concern.  Since its formation,
the Company utilized funds generated from private placement
offerings and debt to fund its product development and operations
and has incurred a cumulative net loss of $25,789,328.  The
recurring losses from operations to date raise substantial doubt
about the Company's ability to continue as a going concern,"
according to the Company's quarterly report for the period ended
June 30, 2013.


AS SEEN ON TV: Shareholders Elect Five Directors
------------------------------------------------
The 2013 annual meeting of shareholders of As Seen On TV, Inc.,
was held on Monday, Sept. 16, 2013, at which the shareholders
elected five directors to serve until the next annual meeting of
shareholders, namely:

   (1) Kevin Harrington;
   (2) Greg Adams;
   (3) Randolph A. Pohlman, PhD.;
   (4) Kevin A. Richardson, II; and
   (5) Ronald C. Pruett, Jr.

The shareholders ratified the appointment of EisnerAmper LLP, an
independent registered public accounting firm, to serve as the
Company's independent auditors for fiscal year ending March 31,
2014.  The Company's 2013 Equity Compensation Plan was approved.
The stockholders approved, on a non-binding advisory basis, the
compensation of the Company's named executive officers and
selected "every three years" as the desired frequency of future
advisory vote on executive compensation.

                        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 disclosed 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.


ATP OIL: Pomerantz Law Firm Files Class Action in Texas
-------------------------------------------------------
Pomerantz Grossman Hufford Dahlstrom & Gross LLP on Sept. 20
disclosed that it has filed a class action lawsuit against ATP Oil
and Gas Corporation and certain of its officers.  The class
action, filed in United States District Court, Southern District
of Texas, and docketed under 13-cv-02557, is on behalf of a class
consisting of all persons or entities who purchased or otherwise
acquired securities of ATP between December 16, 2010 and August
17, 2012 both dates inclusive.  This class action seeks to recover
damages as a result of alleged violations of the federal
securities laws pursuant to Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder.

If you are a shareholder who purchased ATP securities during the
Class Period, you have until October 4, 2013 to ask the Court to
appoint you as Lead Plaintiff for the class.  A copy of the
Complaint can be obtained at http://www.pomerantzlaw.comTo
discuss this action, contact Robert S. Willoughby at
rswilloughby@pomlaw.com or 888-476-6529 (or 888.4-POMLAW), toll
free, x237.  Those who inquire by e-mail are encouraged to include
their mailing address, telephone number, and number of shares
purchased.

ATP is engaged in the acquisition, development, and production of
oil and natural gas properties.

The Complaint alleges that throughout the Class Period, Defendants
made materially false and misleading statements regarding the
Company's business and operations.  Specifically, Defendants made
false and misleading statements and/or failed to disclose that: on
October 12, 2010, ATP filed a Form S-4 Registration Statement
with the SEC, indicating its intent to issue 11.875% Senior Second
Lien Exchange Notes.  After one amendment on December 14, 2010,
the Company filed a Prospectus on December 16, 2010 on Form 424B3,
which was declared effective by the SEC on the same day.  Pursuant
to the Registration Statement and Prospectus, ATP executed the
Exchange, which offered $1.5 billion worth of Notes.  The
Registration Statement contained false and misleading statements
and/or omissions of material fact about the company and its
operations.

On August 17, 2012, ATP announced that it was filing for Chapter
11 bankruptcy.  The Company reported total debts of $3.49 billion
and assets of $3.64 billion.  It announced that it was going to
continue operating during its financial restructuring using $618
million in debtor-in-possession funding.  During the course of the
Bankruptcy Action, the truth was revealed that ATP had: (1)
severely downplayed the impact that the United States Department
of Interior moratoria had on the Company's business and revenues;
(2) violated the provisions of certain credit agreements to which
the Company was a party; (3) issued a Registration Statement that
contained false and misleading statements and/or omissions of
material fact; and (4) subsequently made materially false and
misleading statements regarding the liquidity and financial
condition of the Company.

As a result of the false and misleading misstatements and
omissions, the price of ATP stock fell from $15.36 at the
beginning of the Class Period to $0.30 at the time of the
bankruptcy filing.

With offices in New York, Chicago, Florida, and San Diego, The
Pomerantz Firm -- http://www.pomerantzlaw.com-- concentrates its
practice in the areas of corporate, securities, and antitrust
class litigation.

                          About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.

ATP is seeking court approval to sell substantially all of its
Deepwater Assets and Shelf Property Assets.


BLACKBERRY LTD: To Slash Workforce by Up to 40% by Year End
-----------------------------------------------------------
Will Connors, writing for The Wall Street Journal, reported that
struggling BlackBerry Ltd. is preparing for deep staff cuts -- up
to 40% of its employees -- by the end of the year, people familiar
with the matter said.

According to the report, the layoffs will cut across all
departments and occur in waves, likely affecting several thousand
workers, the people said. BlackBerry had 12,700 employees as of
March, the last time it disclosed a total number.

The cuts come as the once dominant smartphone maker looks for ways
to get a handle on costs and shrink its operations to better fit a
world in which competitors such as Apple Inc. and Samsung
Electronics Co. have eaten into its market share, the report
related.

"Organizational moves will continue to occur to ensure we have the
right people in the right roles to drive new opportunities in
mobile computing," a BlackBerry spokesman told WSJ.  He declined
to comment on the 40% figure.

Smaller rounds of layoffs began earlier this summer, mostly from
the sales and research-and-development divisions, and follow the
loss of 5,000 jobs last year, the report further related.  Some
employees have been told which of the new waves of cuts will
affect them, one of the people said.

BlackBerry shares fell 1.5% to $10.40 on Sept. 18, the report
noted.


BLACKBERRY LTD: Lowers Net Loss to $84-Mil. in First Quarter
------------------------------------------------------------
Research In Motion Limited, now known as BlackBerry, reported a
net loss of $84 million on $3.07 billion of revenue for the three
months ended June 1, 2013, as compared with a net loss of $518
million on $2.80 billion of revenue for the three months ended
June 2, 2012.  The decrease in net loss is primarily attributable
to an increase in the Company's gross margin, partially offset by
an increase in marketing expenditures and sales incentives to
support the continued launch of BlackBerry 10 and a reduction in
the recovery of income taxes.

The Company's balance sheet at June 1, 2013, showed $13.07 billion
in total assets, $3.67 billion in total liabilities and $9.39
billion in shareholders' equity.

Cash, cash equivalents, and investments increased by $196 million
to $3.1 billion as at June 1, 2013, from $2.9 billion as at
March 2, 2013, primarily as a result of operating cash flows
including changes net in working capital.

Based on its current financial projections, the Company believes
its financial resources, together with expected future operating
cash generating activities and available borrowings under the
Facility, or access to other potential financing arrangements,
should be sufficient to meet funding requirements for current
financial commitments, for future operating expenditures not yet
committed and also provide the necessary financial capacity for
the foreseeable future.  In the second quarter of fiscal 2014, the
Company intends to leverage its strong cash position to
efficiently invest in the launches of BlackBerry 10 smartphones
and the roll out of BES 10 in order to drive adoption and unit
volumes and further penetrate the BlackBerry 10 platform in the
market.

A copy of the quarterly report is available for free at:

                       http://is.gd/eeFX32

                         About BlackBerry

A global leader in wireless innovation, BlackBerry(R)
revolutionized the mobile industry when it was introduced in 1999.
Today, BlackBerry aims to inspire the success of our millions of
customers around the world by continuously pushing the boundaries
of mobile experiences.  Founded in 1984 and based in Waterloo,
Ontario, BlackBerry operates offices in North America, Europe,
Asia Pacific and Latin America. BlackBerry is listed on the NASDAQ
Stock Market (NASDAQ: BBRY) and the Toronto Stock Exchange (TSX:
BB).  For more information, visit www.blackberry.com.


BON-TON STORES: Extends Expiration of Exchange Offer Until Today
----------------------------------------------------------------
The Bon-Ton Stores, Inc.'s wholly-owned subsidiary, The Bon-Ton
Department Stores, Inc., has extended the expiration date for its
previously announced exchange offer from 5:00 p.m., New York City
time, at the end of Thursday, Sept. 19, 2013, to 5:00 p.m., New
York City time, on Monday, Sept. 23, 2013, unless further
extended.  All other terms, provisions and conditions of the
exchange offer will remain in full force and effect.

On Aug. 20, 2013, the Company commenced its exchange offer to
exchange up to $350,000,000 aggregate principal amount of its 8.00
percent Second Lien Senior Secured Notes due 2021 and related
guarantees registered under the Securities Act of 1933, as
amended, for any and all of its outstanding 8.00 percent Second
Lien Senior Secured Notes due 2021 and related guarantees, which
were issued in May 2013 in a transaction exempt from registration
under the Securities Act.

As of 5:00 p.m., New York City time, at the end of Sept. 19, 2013,
Wells Fargo Bank, National Association, the exchange agent for the
exchange offer, has advised that $342,055,000 aggregate principal
amount of the outstanding notes had been tendered for exchange,
representing approximately 97.73 percent of the outstanding notes.

A Form S-4 registration statement filed by the Company with the
SEC regarding the exchange offer was declared effective by the SEC
on Aug. 20, 2013.  The expiration date for the exchange offer is
being extended to provide time for remaining outstanding 8.00
percent Second Lien Senior Secured Notes due 2021 to be exchanged.

                         About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 273 department
stores, which includes 11 furniture galleries, in 24 states in the
Northeast, Midwest and upper Great Plains under the Bon-Ton,
Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman,
Herberger's and Younkers nameplates and, in the Detroit, Michigan
area, under the Parisian nameplate.

Bon-Ton Stores disclosed a net loss of $21.55 million for the year
ended Feb. 2, 2013, as compared with a net loss of $12.12 million
for the year ended Jan. 28, 2012.  The Company's balance sheet at
Aug. 3, 2013, showed $1.58 billion in total assets, $1.53 billion
in total liabilities and $49.70 million in total shareholders'
equity.

                             *     *     *
As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded The Bon-Ton Stores, Inc.'s Corporate Family Rating to B3
from Caa1 and its Probability of Default Rating to B3-PD from
Caa1-PD.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on The Bon-Ton
Stores Inc.


BRAZOSPORT REGIONAL: S&P Lowers Rating on 2012 Bonds to 'BB+'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating to 'BB+'
from 'BBB-' on Brazoria County Health Facilities Development
Corp., Texas' series 2012 revenue and refunding bonds issued for
Brazosport Regional Health System (BRHS).  The outlook for the
rating is stable.

The downgrade and stable outlook reflect S&P's view of
Brazosport's business prospects given the system's dominant market
position and the stabilized local economy but also factor in the
uncertainty the implementation of health reform will have on
future revenues and expenses.  S&P also believes that Brazosport's
balance sheet, while , at June 30, 2013 is adequate for the
current rating, offers little financial flexibility in the face of
material operating volatility or other stresses.

The series 2012 bonds were issued to fully refund the system's
series 2004 bonds outstanding and to provide $12.3 million of net
new money for various capital projects, including emergency
department renovations, upgraded HVAC systems, and patient floor
and other upgrades that have lowered the medical center's
previously high average age of plant.


BROWNSVILLE MD: Gets Interim Order to Use Cash Collateral
---------------------------------------------------------
Brownsville MD Ventures LLC obtained an interim order from the
U.S. Bankruptcy Court to use cash collateral pending a final
hearing on Oct. 23, 2013, at 9:00 a.m.

The company defeated a bid by Pineda Grantor Trust which sought to
prohibit the use of cash collateral.  Pineda said the Debtor
currently cannot provide adequate protection to Pineda for use of
cash collateral. The Debtor is not generating new receivables from
its operations and therefore, cannot grant to Pineda replacement
liens on the cash collateral being used by the Debtor.  Pineda
argued that, without providing adequate protection, the Debtor's
motion should be denied.

Pursuant to the interim order, the Debtor is authorized to use
cash collateral to pay these expenses:

   a. an adequate assurance security deposit in the amount of
      $25,000 to the Brownsville Public Utilities Board, the
      Debtor's utility provider;

   b. a post-petition utility bill payable on Oct. 1, 2013, in the
      estimated amount of $16,000; and

   c. a monthly insurance premium financing payment for the
      Debtor's real estate property in the amount of $11,890.

The Debtor is not authorized to pay other expenses without consent
of the Pineda Grantor Trust or further Court order.

Pineda Grantor Trust is granted as adequate protection post-
protection replacement lien against the Debtor's Cash Collateral
to the same extent, validity, and priority as existed as of the
Petition Date.  Additionally in the event that the Pineda Grantor
Trust is an under secured creditor, to the extent that the Cash
Collateral is diminished from the amount that existed on the
petition date and to the extent that the Pineda Grantor Trust will
be allowed an administrative claim pursuant to 11 U.S.C. 503(b)(1)
for the diminished amount.  The Pineda Grantor Trust may be
granted additional adequate protection in the Final Order.

Proposed Attorneys for the Debtor can be reached at:

         Kell C. Mercer, Esq.
         Sam Chang, Esq.
         HUSCHBLACKWELL LLP
         111 Congress Avenue, Suite1440
         Austin, TX 78701
         Tel: (512)472-5456
         Fax: (512)226-7324
         E-mail: Kell.mercer@huschblackwell.com
                 Sam.chang@huschblackwell.com

Attorneys for Pineda Grantor Trust can be reached at:

         Ronald A. Simank, Esq.
         SCHAUER & SIMANK, P.C.
         615 North Upper Broadway, Suite 700
         Corpus Christi, TX 78401-0781
         Tel: 361-884-2800
         Fax: 361-884-2822

Brownsville MD Ventures, LLC, filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 13-10341) on Aug. 26, 2013, in Brownsville,
Texas.  Chester Gonzalez signed the petition as chairman of the
board of managers.  The Debtor estimated assets and debts of at
least $10 million.  Kell Corrigan Mercer, Esq., at Husch
Blackwell, LLP, in Austin, Texas, serves as the Debtor's counsel.
Judge Richard S. Schmidt presides over the case.


CAESARS ENTERTAINMENT: Begins Loans Refinancing Process
-------------------------------------------------------
Caesars Entertainment Corporation has begun a refinancing process
for the outstanding mortgage loans under the Second Amended and
Restated Loan Agreement, dated as of Aug. 31, 2010, among certain
subsidiaries of Caesars, Bank of America, N.A., as collateral
agent, and the lenders party thereto, and the outstanding
mezzanine loans under the mezzanine loan agreements for each
tranche of mezzanine loans with certain subsidiaries of Caesars,
Bank of America, N.A., as collateral agent, and the lenders party
thereto.  The borrowers under the CMBS Facilities are launching an
offer to repurchase for cash:

   (i) 100 percent of the aggregate principal amount of mortgage
       loans at a price of $0.99 per $1.00 of principal plus
       accrued and unpaid interest; and

  (ii) 100 percent of the aggregate principal amount of mezzanine
       loans at a price of $0.90 per $1.00 of principal plus
       accrued and unpaid interest.

The consummation of the CMBS Repurchase is conditioned upon the
acceptance by lenders holding at least 65 percent of the
outstanding aggregate principal amount of the mortgage loans and
85 percent of the outstanding aggregate principal amount of the
mezzanine loans.  The lenders under the CMBS Facilities have 10
business days to respond to the Existing CMBS Borrowers' offer to
participate in the CMBS Repurchase.  Upon the consummation of the
CMBS Repurchase, the mortgage loans and mezzanine loans and all
related loan documents and security with respect thereto will be
terminated.  As of Sept. 17, 2013, lenders holding approximately
63 percent of the outstanding aggregate principal amount of
mortgage loans and approximately 84 percent of the outstanding
aggregate principal amount of mezzanine loans have accepted the
offer to participate in the CMBS Repurchase.

As of June 30, 2013, there were approximately $4.4 billion of
loans outstanding under the CMBS Facilities.  Pursuant to the
existing terms of the CMBS Facilities, the maturity of the
facilities may, subject to certain conditions, be extended until
February 2015.

In connection with these transactions, certain subsidiaries of
Caesars are launching the syndication of $3,269.5 million of new
senior secured credit facilities, consisting of a $3,000 million
term loan facility and a $269.5 million revolving credit facility,
to finance the CMBS Repurchase and refinance the $450 million
senior secured credit facility entered into by Octavius Linq
Holding Co., LLC, an indirect subsidiary of Caesars.
Additionally, the New Borrowers intend to launch an offering of
$500 million of first lien notes and $1,350 million of second lien
notes pursuant to Rule 144A and Regulation S under the Securities
Act of 1933, as amended, to finance the CMBS Repurchase and
Octavius/Linq Repayment.  Concurrently with the closing of the New
Financing, Caesars intends to transfer the equity interests in the
subsidiaries of Octavius/Linq Holdings that own the assets
comprising Octavius Tower at Caesars Palace Las Vegas and "Project
Linq" to Rio Properties, LLC, an indirect subsidiary of Caesars,
which will be a borrower and issuer under the New Financing.  The
CMBS Repurchase, Octavius/Linq Repayment, Octavius/Linq Transfer
and the New Financing are subject to required regulatory approvals
and market and other conditions, and may not occur as described or
at all.

Certain of the lenders of the mortgage loans who accepted the
offer to participate in the CMBS Repurchase and the lenders of the
mezzanine loans who accepted the offer to participate in the CMBS
Repurchase have agreed, under certain circumstances, to initiate
the buy-sell mechanisms under the CMBS Facilities to purchase for
cash outstanding loans held by lenders who do not accept the
Existing CMBS Borrowers' offer to participate in the CMBS
Repurchase.  The New Borrowers will provide the funding to the
Accepting Mortgage Holders and the Accepting Mezz Holders to fund
their purchase for cash of the mortgage loans and mezzanine loans
from the Non-Accepting Holders.  The purchased Buy-Sell Loans will
be delivered to the Existing CMBS Borrowers for cancellation on
the closing date.

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies, with annual revenue of $4.2 billion, 20 properties on
three continents, more than 25,000 hotel rooms, two million square
feet of casino space and 50,000 employees.  Caesars casino resorts
operate under the Caesars, Bally's, Flamingo, Grand Casinos,
Hilton and Paris brand names.  The Company has its corporate
headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's on mid-November
2010.

The Company incurred a net loss of $1.49 billion on $8.58 billion
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $666.70 million on $8.57 billion of net revenues
during the prior year.  As of June 30, 2013, the Company had
$26.84 billion in total assets, $27.58 billion in total
liabilities and a $738.1 million total deficit.

                           *     *     *

Caesars Entertainment carries a 'CCC' long-term issuer default
rating, with negative outlook, from Fitch and a 'Caa1' corporate
family rating with negative outlook from Moody's Investors
Service.

As reported in the TCR on Feb. 5, 2013, Moody's Investors Service
lowered the Speculative Grade Liquidity rating of Caesars
Entertainment Corporation to SGL-3 from SGL-2, reflecting
declining revolver availability and Moody's concerns that Caesars'
earnings and cash flow will remain under pressure causing the
company's negative cash flow to worsen.

In the May 7, 2013, edition of the TCR, Standard & Poor's Ratings
Services said that it lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiary Caesars Entertainment Operating Co. (CEOC) to 'CCC+'
from 'B-'.

"The downgrade reflects weaker-than-expected operating performance
in the first quarter, and our view that Caesars' capital structure
may be unsustainable over the next two years based on our EBITDA
forecast for the company," said Standard & Poor's credit analyst
Melissa Long.


CAESARS ENTERTAINMENT: Bank Debt Trades at 7% Off
-------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc is a borrower traded in the secondary market at
93.05 cents-on-the-dollar during the week ended Friday, September
20, 2013, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 2.77 percentage points from the previous week, The
Journal relates.  Caesars Entertainment Inc pays 525 basis points
above LIBOR to borrow under the facility.  The bank loan matures
on Jan. 1, 2018.  The bank debt carries Moody's B3 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 204 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                     About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies, with annual revenue of $4.2 billion, 20 properties on
three continents, more than 25,000 hotel rooms, two million square
feet of casino space and 50,000 employees.  Caesars casino resorts
operate under the Caesars, Bally's, Flamingo, Grand Casinos,
Hilton and Paris brand names.  The Company has its corporate
headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's on mid-November
2010.

The Company incurred a net loss of $1.49 billion on $8.58 billion
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $666.70 million on $8.57 billion of net revenues
during the prior year.  As of June 30, 2013, the Company had
$26.84 billion in total assets, $27.58 billion in total
liabilities and a $738.1 million total deficit.

                           *     *     *

Caesars Entertainment carries a 'CCC' long-term issuer default
rating, with negative outlook, from Fitch and a 'Caa1' corporate
family rating with negative outlook from Moody's Investors
Service.

As reported in the TCR on Feb. 5, 2013, Moody's Investors Service
lowered the Speculative Grade Liquidity rating of Caesars
Entertainment Corporation to SGL-3 from SGL-2, reflecting
declining revolver availability and Moody's concerns that Caesars'
earnings and cash flow will remain under pressure causing the
company's negative cash flow to worsen.

In the May 7, 2013 edition of the TCR, Standard & Poor's Ratings
Services said that it lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiary Caesars Entertainment Operating Co. (CEOC) to 'CCC+'
from 'B-'.

"The downgrade reflects weaker-than-expected operating performance
in the first quarter, and our view that Caesars' capital structure
may be unsustainable over the next two years based on our EBITDA
forecast for the company," said Standard & Poor's credit analyst
Melissa Long.


CAESARS ENTERTAINMENT: Moody's Assigns 'B3' CFR; Outlook Stable
---------------------------------------------------------------
Moody's Investors Service has taken several rating actions on
Caesars Entertainment Corporation in response to the company's
proposed restructuring and refinancing plan. The company announced
its intention to restructure its commercial mortgage backed
securities and mezzanine loans, refinance its Linq/Octavius
secured loan, and transfer Octavius/Linq Holding Co., LLC to
Caesars Entertainment Resorts Properties, LLC, a newly formed
subsidiary of Caesars Entertainment Corporation.

Moody's rating actions include: (1) the assignment of a Corporate
Family Rating, Probability of Default Rating, rating outlook, and
issue-level ratings to Caesars Entertainment Resorts Properties,
LLC (the newly formed subsidiary); (2) the assignment of a
Corporate Family Rating, Probability of Default Rating, to Caesars
Entertainment Operating Company (an existing subsidiary of Caesars
Entertainment Corporation); (3) the affirmation of Caesars
Entertainment Operating Corporation's existing issue-level
ratings; and (4) the affirmation of Caesars Entertainment
Corporation Corporate Family Rating, Probability of Default
Rating, and rating outlook.

Caesars Entertainment Resort Properties, LLC

Ratings assigned:

  Corporate Family rating at B3

  Probability of Default rating at B3-PD

  $269.5 million First lien revolving credit facility at B2, (LGD
  3, 36%)

  $3.0 billion Senior secured first lien term loan at B2, (LGD 3,
  36%)

  $500 million Senior secured first lien notes at B2, (LGD 3, 36%)

  $1.350 billion Senior secured second priority notes at Caa2,
  (LGD 5, 88%)

Rating Outlook: Stable

Caesars Entertainment Operating Company & Harrah's Operating
Company, Inc. (Old)

Ratings assigned:

  Corporate Family rating at Caa2

  Probability of Default rating at Caa2-PD

Ratings affirmed and LGD assessments updated:

  Senior secured guaranteed revolving credit facility at B3, (LGD
  2, 27%) from B3, (LGD 2, 29%)

  Senior secured guaranteed term loans at B3, (LGD 2, 27%) from
  B3, (LGD 2, 29%)

  Senior secured notes at B3, (LGD 2, 27%) from B3, (LGD 2, 29%)

  Senior unsecured guaranteed by operating subsidiaries and CEC at
  Ca (LGD 6, 93%) from Ca (LGD 6, 92%)

  Senior unsecured debt guaranteed by CEC at Ca (LDG 6, 93%) from
  Ca (LGD 6, 94%)

Harrah's Escrow Corporation and Caesars Operating Escrow, LLC
assumed by CEOC

Ratings affirmed and LGD assessments updated:

  Senior secured notes at B3, (LGD 2, 27%) from B3, (LGD 2, 29%)

  Senior secured second priority notes at Caa3 (LGD 5, 76%) from
  Caa3 (LGD 5, 79%)

Corner Investment Propco, LLC

Ratings affirmed and LGD assessments updated:

  $180 million Senior secured term loan at B3, (LGD 2, 27%) from
  B3, (LGD 2, 29%)

  Rating Outlook: Negative

Octavius Borrower

Ratings affirmed and to be withdrawn; LGD assessments updated:

  $450 million senior secured term loan at B3, (LGD 2, 27%) from
  B3, (LGD 2, 29%)

  Rating Outlook: Negative

Caesars Entertainment Corporation

Ratings affirmed and to be withdrawn

  Corporate Family rating at Caa2

  Probability of Default rating at Caa2-PD

  Speculative Liquidity rating at SGL-3

  Rating Outlook: Negative

Moody's intends to withdraw Caesars Entertainment Corporation's
Corporate Family Rating, Probability of Default rating, and rating
outlook if the transaction closes as anticipated. Moody's ratings
reflect the discrete and pro forma financing arrangements and
credit profiles of Caesars Entertainment Resorts Properties, LLC
and Caesars Entertainment Operating Corporation. However, while
Caesars Entertainment Resorts Properties, LLC and Caesars
Entertainment Operating Corporation will have separate Corporate
Family Ratings, Probability of Default Ratings, and rating
outlooks, they are likely to move in tandem given that there is
some linkage with each other as well as with Caesars Entertainment
Corporation, their parent company. This linkage is evidenced by:
(1) a shared services and management agreement; (2) intellectual
property licenses; (3) lease payment between the two rated
entities; and (4) Caesars Entertainment Corporation's guaranty of
Caesars Entertainment Operating Corporation debt.

Rating Rationale: Caesars Entertainment Resorts Properties, LLC
("CERP")

CERP's B3 Corporate Family Rating largely reflects the company's
high pro forma leverage. Moody's estimates CERP's 2013 pro-forma
debt/EBITDA will approximate 8.2 times, significantly higher than
the 4.5 times to 6.0 times range that is typical for 'B' rated
gaming issuers, according to Moody's Global Gaming Methodology.
Moody's pro-forma EBITDA includes annualized anticipated EBITDA
from completion of Project Linq, rental income from the Leases,
cost savings, and modest growth in same store EBITDA. The
company's high leverage however is partly mitigated by CERP's lack
of significant near term debt maturities, and Moody's view that
this newly formed entity will be able to generate positive free
cash flow. Positive rating consideration is given to the prime
location of its Las Vegas Strip properties. In total, these
properties will account for about 70% of CERP's property-level
EBITDA. Also viewed favorably is the expected completion of
Project Linq that Moody's expects will increase foot traffic and
that will translate into higher revenues and EBITDA. Project Linq
is an open air dining, entertainment and retail development
including an observation wheel on the east side of the Las Vegas
Strip.

The stable rating outlook reflects Moody's view that visitation to
Las Vegas will increase in 2014 due to very limited supply growth,
modest GDP growth, and an expected increase in convention and
group bookings that will push high-margin hotel revenue higher.
Moody's expects gaming revenues which are a more discretionary
consumer expenditure will grow at a slower pace than room, food
and beverage revenue.

CERP's ratings could go down if debt/EBITDA by year-end 2014
materially exceeds 7.5 times or if the operating environment in
Las Vegas shows signs of a sustained drop in gaming revenues or
visitation. Ratings could be upgraded if it appears that CERP can
achieve and maintain debt/EBITDA below 5.5 times and maintain a
good liquidity profile.

Upon closing of the restructuring transactions, CERP's proposed
bank facilities and notes will be secured by the properties that
secure the existing commercial mortgage-backed securities: Paris
Las Vegas, Flamingo Las Vegas, Harrah's Las Vegas, and Rio All-
Suite Hotel and Casino, Harrah's Laughlin, Harrah's Atlantic City
and Project Linq. These properties are managed by Caesars
Entertainment Operating Company. However, CERP's bank facilities
and notes will not be guaranteed by Caesars Entertainment Company
or Caesars Entertainment Operating Company.

Rating Rationale: Caesars Entertainment Operating Company ("CEOC")

CEOC's Caa2 CFR reflects the company's very high leverage --
adjusted debt/EBITDA is about 16.5 times -- and inability to cover
cash interest and maintenance capital spending needs; EBITDA less
capital expenditures is about 0.4 times. Also considered is
Moody's view that CEOC's capital structure is not sustainable in
its current form given significant leverage and weak liquidity.
Available cash estimated at $1.5 billion as of June 30, 2013 plus
proceeds from the pending sale of Planet Hollywood and land in
Macau will be sufficient to cover operating losses through 2014.
However, in the absence of a significant increase in earnings and
continued access to the capital markets to refinance debt
maturities of approximately $619 million in 2015, Moody's believes
there is a substantial risk that CEOC may seek to restructure its
debt within the next two years.

The negative rating outlook reflects Moody's view that EBITDA will
not rebound sufficiently to have a material impact on the CEOC's
leverage or weak liquidity. Ratings could be downgraded if pending
asset sales do not occur or the company's liquidity position
deteriorates for any reason. Upward rating momentum is not
anticipated given the need to fund operating losses.

Caesars Resorts Properties, LLC is a subsidiary of Caesars
Entertainment Corporation that will own 6 casinos properties and
Project Linq. The company generated revenues of approximately $1.9
billion for the last twelve months ended 6/30/13.

Caesars Entertainment Operating Company is a subsidiary of CEC and
sister subsidiary to CERP. CEOC, excluding unrestricted
subsidiaries, generated approximately $4.8 billion for the last
twelve months ended 6/30/13.

Caesars Entertainment Corporation is the parent company of CEOC
and CERP. CEC generated consolidated revenues of $8.5 billion for
the last twelve months ended 6/30/13.

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


CAESARS ENTERTAINMENT: S&P Assigns 'CCC+' Corporate Credit Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned Caesars Entertainment
Resort Properties LLC (CERP) its 'CCC+' corporate credit rating.
The outlook is negative.  CERP is an indirect wholly owned
subsidiary of Caesars Entertainent Corp. (CEC).

At the same time, S&P assigned the company's proposed
$3.27 billion senior secured credit facility (consisting of a
$269.5 million revolver due 2018 and a $3 billion term loan due
2020) its 'B' issue-level rating (two notches above the corporate
credit rating), with a recovery rating of '1', indicating its
expectation for very high (90% to 100%) recovery for lenders in
the event of a payment default.

S&P also assigned the company's proposed $500 million first-
priority senior secured notes due 2020 its 'B' issue-level rating
(two notches above the corporate credit rating), with a recovery
rating of '1'.

In addition, S&P assigned the company's proposed $1.35 billion
second-priority senior secured notes due 2021 its 'CCC+' issue-
level rating (at the same level as the corporate credit rating),
with a recovery rating of '4', indicating its expectation for
average (30%-50%) recovery for lenders in the event of a payment
default.

The ratings remain subject to S&P's receipt and review of final
documentation.

Caesars plans to use the proceeds from these debt issuances to
refinance its existing CMBS debt and Octavius/Linq debt.  S&P
would plan to withdraw its ratings on Caesars Linq and Caesars
Octavius following the debt repayment.

S&P's 'CCC+' corporate credit rating on Caesars reflects its
assessment of the company's financial risk profile as "highly
leveraged" and its business risk profile as "satisfactory."  The
rating is much more heavily weighted toward S&P's financial risk
profile assessment because it believes Caesars' capital structure
is unsustainable in the long term and the company is reliant upon
favorable business, economic, and financial conditions in order to
meet its financial commitments.  S&P estimates that Caesars needs
to grow by at least 30% in aggregate over the next few years in
order to fully cover S&P's estimate of interest expense and
maintenance capital spending.


CASA CASUARINA: Rothstein Estate Gets Revenue From Auction
----------------------------------------------------------
Law360 reported that almost $700,000 of the $41.5 million sale
price of Gianni Versace's former South Beach mansion will go
toward the estate of Ponzi schemer Scott Rothstein's law firm, an
attorney for the mansion's owner told a Florida bankruptcy court
on Sept. 18.

According to the report, Lawrence Pecan of Marshall Socarras Grant
PL told U.S. Bankruptcy Judge Laurel M. Isicoff that the estate of
Rothstein Rosenfeldt Adler PA would receive $692,109 of the
auction proceeds under a deal hammered out in January settling a
$4.92 million secured claim asserted by the law firm's trustee.

As previously reported by The Troubled Company Reporter, the sale
of the former Versace Mansion on Ocean Drive in Miami Beach,
Florida must be approved by two different bankruptcy judges.

The current owner, Casa Casuarina, filed for Chapter 11 protection
in July in Miami.  Until his Ponzi scheme fell apart in 2009,
Scott Rothstein had controlled the company that owned the
property.  Herbert Stettin is the Chapter 11 trustee for
Rothstein's law firm Rothstein Rosenfeldt Adler PA, which has been
in Chapter 11 liquidation since November 2009.

Before Casa Casuarina filed bankruptcy, Mr. Stettin had reached
agreement to settle his claim to partial ownership.  The
settlement is set for approval on Sept. 11 by the judge overseeing
the firm's bankruptcy and on Sept. 18 by the judge in the
property's bankruptcy.

The settlement calls for Stettin to receive 9.99 percent of net
sale proceeds, or 49.99 percent if he exercises an option.  The
auction of the property will take place on Sept. 17.  The hearing
for approval of sale will occur Sept. 18.

                       About Casa Casuarina

Casa Casuarina, LLC, owner of Gianni Versace's former South Beach
mansion on Ocean Drive in Miami Beach, Florida, filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 13-25645) in Miami on July 1,
2013.  Peter Loftin signed the petition as manager.  Judge Laurel
M. Isicoff presides over the case.  The Debtor estimated assets of
at least $50 million and debts of at lease $10 million.  Joe M.
Grant, Esq., at Marshall Socarras Grant, P.L., serves as the
Debtor's counsel.

Until his Ponzi scheme fell apart in 2009, Scott Rothstein had
controlled the company that owned the property. Herbert Stettin is
the Chapter 11 trustee for Rothstein's law firm Rothstein
Rosenfeldt Adler PA, which has been in Chapter 11 liquidation
since November 2009.

Before Casa Casuarina filed bankruptcy, Mr. Stettin had reached
agreement to settle his claim to partial ownership.

                    About Rothstein Rosenfeldt

Scott Rothstein, co-founder of law firm Rothstein Rosenfeldt Adler
PA -- http://www.rra-law.com/-- was suspected of running a
$1.2 billion Ponzi scheme.  U.S. authorities claimed in a civil
forfeiture lawsuit filed Nov. 9, 2009, that Mr. Rothstein, the
firm's former chief executive officer, sold investments in non-
existent legal settlements.  Mr. Rothstein pleaded guilty to five
counts of conspiracy and wire fraud on Jan. 27, 2010.

Creditors of Rothstein Rosenfeldt Adler signed a petition sending
the Florida law firm to bankruptcy (Bankr. S.D. Fla. Case No.
09-34791).  The petitioners include Bonnie Barnett, who says she
lost $500,000 in legal settlement investments; Aran Development,
Inc., which said it lost $345,000 in investments; and trade
creditor Universal Legal, identified as a recruitment firm, which
said it is owed $7,800.  The creditors alleged being owed money
invested in lawsuit settlements.

Herbert M. Stettin, the state-court appointed receiver for
Rothstein Rosenfeldt, was officially carried over as the
Chapter 11 trustee in the involuntary bankruptcy case.

On June 10, 2010, Mr. Rothstein was sentenced to 50 years in
prison.

The official committee of unsecured creditors appointed in the
case is represented by Michael Goldberg, Esq., at Akerman
Senterfitt.

RRA won approval of an amended liquidating Chapter 11 plan
pursuant to the Court's July 17, 2013 confirmation order.  The
revised plan, filed in May, is centered around a $72.4 million
settlement payment from TD Bank NA.


CASH STORE: Assistive Financial Commences Legal Action
------------------------------------------------------
The Cash Store Financial Services Inc. on Sept. 19 disclosed that
Assistive Financial Corp. has commenced an action in the Court of
Queens's Bench of Alberta against Cash Store Financial and certain
of its officers and affiliates, including The Cash Store Australia
Holdings Inc. and RTF Financial Holdings Inc., seeking repayment
of certain funds advanced for the Affiliates by Assistive.  The
claim seeks, among other things, damages equivalent to
$110,000,000, together with interest thereon at the rate of 17.5%
per year.

Cash Store Financial believes the action is wholly without merit
and intends to vigorously defend itself.  The Company maintains
that it is not in default of any contractual obligations to
Assistive and that this development is not expected to materially
impact the financial position or results of operations of Cash
Store Financial.

Assistive is a privately-held third-party lender that provides
advances to the Company's customers.  Following written
notification from Assistive on September 3, 2013, Cash Store
Financial suspended brokering advances to consumers on behalf of
Assistive.  Cash Store Financial has continued to broker payday
loans and lines of credit on behalf of its other third-party
lenders.  As of September 3, 2013, Assistive had made available
less than 2% of total consumer funding provided by all of the
Company's third-party lenders.

The Company will provide further updates to this matter as
material developments occur.

                    About Cash Store Financial

Headquartered in Edmonton, Alberta, The Cash Store Financial is
the only lender and broker of short-term advances and provider of
other financial services in Canada that is listed on the Toronto
Stock Exchange (TSX: CSF).  Cash Store Financial also trades on
the New York Stock Exchange (NYSE: CSFS).  Cash Store Financial
operates 512 branches across Canada under the banners "Cash Store
Financial" and "Instaloans".  Cash Store Financial also operates
25 branches in the United Kingdom.

Cash Store Financial is a Canadian corporation that is not
affiliated with Cottonwood Financial Ltd. or the outlets
Cottonwood Financial Ltd. operates in the United States under the
name "Cash Store".  Cash Store Financial does not do business
under the name "Cash Store" in the United States and does not own
or provide any consumer lending services in the United States.

Cash Store Financial employs approximately 1,900 associates.

                          *     *     *

As reported in the Feb. 8, 2013 edition of the TCR, Standard &
Poor's Ratings Services lowered its issuer credit rating on Cash
Store Financial (CSF) to 'CCC+' from 'B-'.  The outlook is
negative.

"The downgrades follow a proposal by the payday loan registrar in
Ontario to revoke CSF's payday lending licenses and CSF's
announcement that it has discontinued its payday loan product in
the region," said Standard & Poor's credit analyst Igor Koyfman.
The company's businesses in Ontario, which account for
approximately one-third of its store count, will begin offering a
new line of credit product to its customers.  S&P believes this is
to offset the loss of its payday lending product; however, this is
a relatively new product, and S&P believes that it will be
challenging for the company to replace its lost earnings from the
payday loan product.  S&P also believes that the registrar's
proposal could lead to similar actions in other territories," the
Company said.

As reported by the TCR on May 22, 2013, Moody's Investors Service
downgraded the Corporate Family Rating and senior unsecured debt
rating of Cash Store Financial Services to Caa1 from B3 and
assigned a negative outlook.  According to Moody's, CSFS remains
unprofitable on both the pretax and net income lines and prospects
for return to profitability are unclear.


CELL THERAPEUTICS: Obtains $14.8-Mil. From Securities Offering
--------------------------------------------------------------
Cell Therapeutics, Inc., entered into Securities Purchase
Agreements with Quogue Capital LLC and an affiliate of Perceptive
Advisors LLC.  Pursuant to the Purchase Agreements, the Company
agreed to issue to the Purchasers in a registered direct offering
an aggregate of 15,000 shares of the Company's Series 18 Preferred
Stock, no par value per share.  No underwriter or placement agent
participated in the Offering.  The net proceeds from the Offering,
after deducting estimated offering expenses, are expected to be
approximately $14.8 million.

Each share of Series 18 Preferred Stock has a stated value of
$1,000 per share and is convertible, in certain circumstances, at
the option of the holder at any time prior to the automatic
conversion of those shares.  The Series 18 Preferred Stock is
convertible into a total of 15,000,000 shares of registered common
stock at a conversion price of $1.00 per share of common stock.
Shares of the Series 18 Preferred Stock will receive dividends in
the same amount as any dividends declared and paid on shares of
common stock, but would be entitled to a liquidation preference
over the common stock in certain liquidation events.  The Series
18 Preferred Stock will have no voting rights on general corporate
matters.

The Offering was made pursuant to the Company's shelf registration
statement on Form S-3, filed with the Securities and Exchange
Commission on Oct. 25, 2011, which became effective on Nov. 1,
2011, as supplemented by the prospectus supplement filed with the
SEC on Sept. 13, 2013.

As of Sept. 18, 2013, 15,000 shares of Series 18 Preferred Stock
have been converted into an aggregate of 15,000,000 shares of
Common Stock.  The Company closed the Offering on Sept. 18, 2013.

The Company plans to use the net proceeds from the Offering to
continue Phase 3 trials of pacritinib and to support the
commercialization of PIXUVRI in Europe as well as for general
corporate purposes, which may include, among other things, funding
research and development, preclinical and clinical trials, the
preparation and filing of new drug applications and general
working capital.

On Sept. 17, 2013, the Company filed Articles of Amendment to its
Amended and Restated Articles of Incorporation with the Secretary
of State of the State of Washington, establishing the Series 18
Preferred Stock.  Each share of Series 18 Preferred Stock is
entitled to a liquidation preference equal to the initial stated
value of such holder's Series 18 Preferred Stock of $1,000 per
share, plus any declared and unpaid dividends and any other
payments that may be due on such shares, before any distribution
of assets may be made to holders of capital stock ranking junior
to the Series 18 Preferred Stock.  The Series 18 Preferred Stock
is not entitled to dividends except to share in any dividends
actually paid on the common stock or any pari passu or junior
securities.  The Series 18 Preferred Stock will have no voting
rights, except as otherwise expressly provided in the Company's
articles of incorporation or as otherwise required by law.
However, so long as at least 20 percent of the aggregate
originally issued shares of Series 18 Preferred Stock are
outstanding, the Company cannot: amend its Amended Articles,
Second Amended and Restated Bylaws or other charter documents in
each case so as to materially, specifically and adversely affect
the rights of the Series 18 Preferred Stock; repay, repurchase or
offer to repay or repurchase or otherwise acquire any shares of
common stock, common stock equivalents or junior securities,
except in limited circumstances; authorize or create any class of
senior preferred stock; or enter into any agreement or
understanding with respect to any of the foregoing, in each case
without the affirmative written consent of holders of a majority
of the outstanding shares of Series 18 Preferred Stock.

                      About Cell Therapeutics

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

As of June 30, 2013, the Company had $49.23 million in total
assets, $36.12 million in total liabilities $13.46 million in
common stock purchase warrants and a $357,000 total shareholders'
deficit.

                           Going Concern

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on the Company's
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, regarding their substantial
doubt as to the Company's ability to continue as a going concern.
Although the Company's independent registered public accounting
firm removed this going concern explanatory paragraph in its
report on the Company's Dec. 31, 2012, consolidated financial
statements, the Company expects to continue to need to raise
additional financing to fund its operations and satisfy
obligations as they become due.

"The inclusion of a going concern explanatory paragraph in future
years may negatively impact the trading price of our common stock
and make it more difficult, time consuming or expensive to obtain
necessary financing, and we cannot guarantee that we will not
receive such an explanatory paragraph in the future," the Company
said in the regulatory filing.

The Company added that it may not be able to maintain its listings
on The NASDAQ Capital Market and the Mercato Telematico Azionario
stock market in Italy, or the MTA, or trading on these exchanges
may otherwise be halted or suspended, which may make it more
difficult for investors to sell shares of the Company's common
stock.

                         Bankruptcy Warning

"We have acquired or licensed intellectual property from third
parties, including patent applications relating to intellectual
property for PIXUVRI, pacritinib, tosedostat, and brostallicin.
We have also licensed the intellectual property for our drug
delivery technology relating to Opaxio which uses polymers that
are linked to drugs, known as polymer-drug conjugates.  Some of
our product development programs depend on our ability to maintain
rights under these licenses.  Each licensor has the power to
terminate its agreement with us if we fail to meet our obligations
under these licenses.  We may not be able to meet our obligations
under these licenses.  If we default under any license agreement,
we may lose our right to market and sell any products based on the
licensed technology and may be forced to cease operations,
liquidate our assets and possibly seek bankruptcy protection.
Bankruptcy may result in the termination of agreements pursuant to
which we license certain intellectual property rights, including
the rights to PIXUVRI, Opaxio, tosedostat, and brostallicin," the
Company said in its quarterly report for the period ended June 30,
2013.


CENGAGE LEARNING: Committee Can Retain FTI as Financial Advisor
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York has
authorized the Official Committee of Unsecured Creditors of
Cengage Learning, Inc., et al., to employ and retain FTI
Consulting, Inc., as of July 12, 2013, as the Committee's
financial advisor.

As reported in the TCR on Aug. 21, 2013, FTI's hourly rates are:

   Senior Managing Directors                     $790-$895
   Directors/Managing Directors                  $570-$755
   Consultants/Senior Consultants                $290-$540
   Administrative/Paraprofessionals/Associates   $120-$250

The Committee assures the Court that FTI Consulting is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Committee.

                     About Cengage Learning

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

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

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

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

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


CENGAGE LEARNING: Committee Can Retain Moelis as Investment Banker
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York has
authorized the Official Committee of Unsecured Creditors of
Cengage Learning, Inc., et al., to employ and retain Moelis &
Company LLC, as investment banker for the Committee, nunc pro tunc
to July 15, 2013.

Moelis is authorized to perform the following services:

   a. assist the Committee in conducting a customary business and
financial analysis of the Company;

   b. assist the Committee in evaluating the Company's debt
capacity and in the determination of an appropriate capital
structure for the Company;

   c. assist the Committee in reviewing and analyzing proposals
for any Restructuring, and, to the extent requested, assist the
Committee in soliciting and developing alternative proposals for a
Restructuring;

   d. advise and assist the Committee and, if the Committee
requests, participate in negotiations of any Restructuring;

   e. assist the Committee in valuing the Company's business;

   f. be available to meet with the Committee, the Company's
management, the Company's board of directors and other creditor
groups, equity holders or other parties in interest (in each case
who are institutional parties or represented by an advisor) to
discuss any Restructuring;

   g. participate in hearings before the Bankruptcy Court and
provide testimony on matters mutually agreed upon in good faith;
and

   h. provide other investment banking services in connection with
a Restructuring as Moelis and the Committee may agree.

Moelis will receive a non-refundable cash fee of $150,000 per
month, payable in advance of each month.

Upon the consummation of any restructuring, Moelis will receive a
non-refundable cash fee of $4,000,000 minus the amount of monthly
fees creditable against the restructuring fee.  Fifty percent of
any monthly fees actually paid to Moelis in excess of $900,000
(i.e., after 6 months) will be creditable against the
restructuring fee) payable to Moelis, provided however, such
credit against the restructuring fee will not exceed an aggregate
of $1,000,000.

                     About Cengage Learning

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

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

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

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

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


CENGAGE LEARNING: Can Employ PwC as Independent Auditors
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York has
authorized Cengage Learning, Inc., et al., to employ
PricewaterhouseCoopers LLP ("PwC") as their accounting consultants
and independent auditors nunc pro tunc to the Petition Date.

PwC will be compensated on the terms and conditions set forth in
the Application and the Engagement Letter.

According to the terms of the Engagement Letter, PwC will
generally provide assistance to the Debtors with respect to
accounting and independent auditing.  Specifically, PwC will
provide, without limitation, these services:

   -- audit the consolidated financial statements of the Debtors
as of June 30, 2013, and for the year ending;

   -- perform the reviews of the Debtors' unaudited consolidated
quarterly financial information; and

   -- perform any incremental audit services including accounting
consultations, the auditing of significant transactions, and
additional audit services required to complete the audit.

                     About Cengage Learning

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

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

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

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

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


CENGAGE LEARNING: Wells Fargo, Committee Balk at Mediator
---------------------------------------------------------
Wells Fargo Bank, National Association, and the Official Committee
of Unsecured Creditors of Cengage Learning, Inc., et al., objects
to the Debtors' motion for the entry of an order approving the
appointment of a mediator and scheduling mediation in connection
with the confirmation of the Debtors' Plan, and scheduling certain
hearing dates and deadlines in connection with the confirmation of
the Debtors' Plan.

The Committee argues, "Based on this proposal, it appears the
Debtors' primary objective is to force these issues to mediation
without implementing a workable process.  Instead, the Debtors'
goal should be to have a meaningful mediation process in order to
facilitate success.  The Committee supports a properly structured
and fair mediation process designed and timed to provide the best
prospects for success and obtaining consensual resolutions.  The
Debtors' proposed path, however, will not lead there."  A full-
text copy of the Committee's opposition to the proposal of the
Debtors is available at:

         http://bankrupt.com/misc/cengagelearning.doc445.pdf

Wells Fargo, solely in its capacity as trustee under the indenture
for notes issued by Cengage Learning, Inc., et al., says:

   1. At this time, mediation is premature and should be deferred
at least until sufficient information is available to enable the
parties to frame, analyze and formulate positions of the various
issues in a meaningful way.

   2. The schedules proposed by the Debtors for litigating
confirmation and other critically important issues violate the
bankruptcy rules and are, in any event, entirely unworkable from a
practical perspective.

As reported in the TCR on Sept. 11, 2013, Cengage Learning, in
seeking a mediator, said, "While progress is being made, the
Debtors believe that further progress requires that a clear and
definitive process be established for the Debtors and all parties
in interest to address the critical issues in these Chapter 11
cases.  And this needs to be done in an efficient and expeditious
manner.  The Debtors' position is and has been clear in these
Chapter 11 cases: the Debtors need to emerge from bankruptcy
expeditiously, while preserving and protecting the rights of all
parties in interest.  In the Committee's Adjournment Motion, the
Committee requested that the hearing on the Disclosure Statement
occur no earlier than Oct. 25, 2013, and that the confirmation
hearing be scheduled no earlier than Dec. 10, 2013.  This
timeframe achieves the Debtors' need of emerging from Chapter 11
by year end, while assuring that all parties' rights are preserved
and protected.  However, the Debtors firmly believe that this can
only be accomplished if a definitive schedule is set and a
mediator is appointed.  The Debtors do not believe the issues in
this case are particularly unique or complicated and that the
parties should be able to work through the outstanding issues on
their proposed timeline, especially with the assistance of a
mediator."

                     About Cengage Learning

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

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

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

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

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


CHATSWORTH PGA: Files for Bankruptcy
------------------------------------
Reuters reported that U.S. firm Chatsworth PGA Properties LLC,
which provides assisted living services for the elderly, has filed
for Chapter 11 bankruptcy protection in a court filing on Sept.
19.

According to the report, Chatsworth, which also offers nursing and
dementia care, listed estimated liabilities of between $100-$500
million and assets of up to $10 million, according to the court
document.

Chatsworth commenced Chapter 11 proceedings along with three of
its affiliated entities, the report related.

The case is in re Chatsworth PGA Properties LLC, Case No. 13-
12457, U.S. Bankruptcy Court, District of Delaware.


CHINA PRECISION: Authorized Common Stock Lowered to 10MM Shares
---------------------------------------------------------------
The board of directors of China Precision Steel, Inc., approved an
amendment of China Precision Steel, Inc.'s Amended and Restated
Articles of Incorporation to effect a reduction in the number of
authorized shares of the Company's common stock and preferred
stock to (i) 10,000,000 shares of common stock, par value $0.001
per share and (ii) 500,000 shares of preferred stock, par value
$0.001 per share.  The amendment became effective upon filing with
the Delaware Secretary of State on Sept. 6, 2013.

                      About China Precision

China Precision Steel Inc. is a niche precision steel processing
company principally engaged in the production and sale of high
precision cold-rolled steel products and provides value added
services such as heat treatment and cutting medium and high
carbon hot-rolled steel strips.  China Precision Steel's high
precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-
rolled steel products are mainly used in the production of
automotive components, food packaging materials, saw blades and
textile needles.  The Company primarily sells to manufacturers in
the People's Republic of China as well as overseas markets such
as Nigeria, Thailand, Indonesia and the Philippines. China
Precision Steel was incorporated in 2002 and is headquartered in
Sheung Wan, Hong Kong.

China Precision reported a net loss of $16.94 million for the
year ended June 30, 2012, compared with net income of $256,950
during the prior fiscal year.

For the nine months ended March 31, 2013, the Company incurred a
net loss of $28.59 million on $22.68 million of sales revenues, as
compared with a net loss of $7.93 million on $105.32 million of
sales revenues for the same period a year ago.

The Company's balance sheet at March 31, 2013, showed $163.25
million in total assets, $70.61 million in total liabilities, all
current, and $92.63 million in total stockholders' equity.

Moore Stephens, in Hong Kong, issued a "going concern"
qualification on the consolidated financial statement for the
year ended June 30, 2012.  The independent auditors noted that
the Company has suffered a very significant loss in the year
ended June 30, 2012, and defaulted on interest and principal
repayments of bank borrowings that raise substantial doubt about
its ability to continue as a going concern.


CONVERGEX HOLDINGS: Moody's Withdraws B3 CFR After Full Repayment
-----------------------------------------------------------------
Moody's Investors Service has withdrawn the B3 Corporate Family
Rating of ConvergEx Holdings, LLC.

The rating is being withdrawn because the firm no longer has any
rated debt outstanding.

The last rating action on ConvergEx took place on April 4, 2013,
when Moody's downgraded the Corporate Family Rating to B3 and
withdrew the ratings on the First Lien Term Loan (B2) and Second
Lien Term Loan (B3) after those obligations were fully repaid.
Following the downgrade, the rating outlook was stable.


CROWN TELECOM: Brazilian Court Issues Judgment Against Webtech
--------------------------------------------------------------
Webtech Wireless Inc., a provider of vehicle fleet location-based
services and telematics technology, on Sept. 20 disclosed that a
judgment was issued by a lower Brazilian Court in a lawsuit
originally brought in 2008 by a former distributor, Crown Telecom.
In the decision, the lower court found the Company liable for
damages to Crown for what the Court found to be improper
interference with Crown's contractual relations.  The amount of
the damages has not been determined.  Crown has sought damages in
the amount of R$108,606,173 (approximately CDN$50 million).

A previous decision of the lower court rendered in 2008 against
the Company was overturned by the Minas Gerais State Court of
Appeal in July, 2009 and the matter was sent back to the lower
court.  In the interim Crown entered bankruptcy proceedings and
until recently the Company was not aware that the lower court was
continuing to consider the case and intending to render judgment.

Prior to the launch of this lawsuit by Crown, the Company had
entered into certain agreements with Crown under which Crown
granted the Company an irrevocable and complete release from any
litigation action by Crown against the Company.  The Company
defended the contractual interference claim on the merits and on
the basis of this release provided by Crown.  The lower court
decision does not refer to the release the Company received from
Crown.  The Company is represented in the lawsuit by Brazilian
legal counsel and the Company believed and continues to believe
that the lawsuit is without merit and will take immediate steps to
appeal and set aside the judgment.

                     About Webtech Wireless(R)

Webtech Wireless -- http://www.webtechwireless.com-- provides
fleet management telematics, GPS and automatic vehicle location
(AVL) solutions that improve efficiency, accountability and reduce
costs.  The company's end-to-end solutions automate record keeping
and regulatory compliance, reduce fuel burn and idling, mitigate
risk, and keep drivers safe.  Through the cloud, in the office, or
straight to mobile devices, the company delivers Fleet
Intelligence Anywhere(TM).  Its products are InterFleet(R), for
government winter maintenance, public works and waste management
fleets; and Quadrant(R), for commercial fleet operations and
compliance (HOS, EOBR).


DETROIT, MI: Residents to Voice Pension Fears to Bankruptcy Judge
-----------------------------------------------------------------
Matthew Dolan, writing for Daily Bankruptcy Review, reported that
after weeks of listening to lawyers, the judge in the nation's
largest municipal bankruptcy plans to spend Sept. 19 hearing from
another group: the worried residents of this financially stricken
city.

According to the report, U.S. Bankruptcy Judge Steven Rhodes
granted an unusual audience to 93 people, most of them retired
city workers who fear the bankruptcy will mean Detroit won't pay
their pensions in full, but some with other grievances. They are
seeking to block the city's bid for Chapter 9 protection, which
would allow it to restructure an estimated $18 billion in
liabilities.

Among those expected to address the judge is Cynthia Blair, a 59-
year-old widow of a police sergeant concerned about potential cuts
to her husband's pension, the report related.  She has been out of
work after recovering from injuries from a traffic accident. In a
letter to the judge, she protested the power of the city's
unelected emergency manager who steered Detroit into bankruptcy
court.

When one of her daughters questioned whether appearing in court
would make a difference, "I told her I'm not going to take this
lying down," Ms. Blair said in an interview, the report related.

Ms. Blair said she would remind the judge that the city's police
and firefighters don't receive Social Security payments in
retirement, adding to worries over any cuts to the $41,000-a-year
pension, which she said she relies on to support herself and her
two daughters, the report further related.

                    About Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DETROIT, MI: May Use Water Dept. Funds to Pay Pension Debts
-----------------------------------------------------------
Joseph Lichterman, writing for Reuters, reported that Detroit is
considering tapping into some of the $1.2 billion in water and
sewer revenue earmarked for repairs and instead apply it to city
pension or healthcare costs, the city's emergency manager has said
in a court proceeding.

"I didn't say we would take any capital; I said we will -- we
would -- consider it," Detroit Emergency Manager Kevyn Orr said in
response to a line of questioning in a sworn deposition on Sept.
17, the report related.

According to the report, Orr would not offer details about any
planned alternative uses for funds currently slated for upgrades
to the water and sewage department. But he acknowledged there
likely are restrictions on the use of water and sewer revenues
based on promises Detroit made when selling more than $5 billion
in water and sewer revenue bonds.

A 516-page transcript of Orr's testimony was included in a filing
with the bankruptcy court on Sept. 18.

The report said Orr's spokesman, Bill Nowling, declined to comment
on the testimony.

                    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.


DETROIT, MI: Workers Demand Orr Testifies On Talks With Governor
----------------------------------------------------------------
Law360 reported that public sector retirees and city workers
pressed a Michigan bankruptcy court on Sept. 18 to compel Detroit
Emergency Manager Kevyn Orr to answer questions regarding his
communications with the Michigan governor's office in the run-up
to the July Chapter 9 filing, arguing the common interest
privilege doesn't apply.

According to the report, the Michigan Council 25 of the American
Federation of State, County and Municipal Employees; AFL-CIO; and
AFSCME's retiree chapter Sub-Chapter 98, City of Detroit Retirees
pointed out to Orr's dodging of questions in a deposition
regarding his prefiling talks with the Michigan governor.

                    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.


DEX MEDIA WEST: Bank Debt Trades at 16% Off
-------------------------------------------
Participations in a syndicated loan under which Dex Media West LLC
is a borrower traded in the secondary market at 83.80 cents-on-
the-dollar during the week ended Friday, September 20, 2013,
according to data compiled by LSTA/Thomson Reuters MTM Pricing and
reported in The Wall Street Journal.  This represents an increase
of 0.30 percentage points from the previous week, The Journal
relates.  Dex Media West LLC pays 450 basis points above LIBOR to
borrow under the facility.  The bank loan matures on Oct. 24,
2016.  The bank debt carries is not rated by Moody's and Standard
& Poor's.  The loan is one of the biggest gainers and losers among
204 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

                           About Dex One

Dex One Corp., headquartered in Cary, North Carolina, is a local
business marketing services company that includes print
directories and online voice and mobile search.  The company
employs 2,200 people across the United States.  Dex One provides
print yellow pages directors, which it co-brands with other
recognizable brands in the industry, including Century Link and
AT&T.  It also provides the yellow pages websites DexKnows.com and
DexPages.com, as well as mobile apps Dex Mobile, Dex CityCentral.

Dex One and 11 affiliates sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10534) on March 17 and 18, 2013, with a
prepackaged plan of reorganization designed to effectuate a merger
with SuperMedia Inc.  Dex One disclosed total assets of $2.84
billion and total liabilities of $2.79 billion as of Dec. 31,
2012.

Houlihan Lokey served as financial advisor to Dex One, and
Kirkland & Ellis LLP served as its legal counsel.  Pachulski
Stang Ziehl & Jones LLP acted as co-counsel.  Epiq Systems served
as claims agent.

This is Dex One's second stint in Chapter 11.  Its predecessor,
R.H. Donnelley and 19 of its affiliates, including Dex Media East
LLC, Dex Media West LLC and Dex Media Inc., sought Chapter 11
protection (Bank. D. Del. Case No. 09-11833 through 09-11852)
on May 28, 2009.  They emerged from bankruptcy on Jan. 29, 2010.
On the Effective Date and in connection with its emergence from
Chapter 11, RHD was renamed Dex One Corporation.

As of Dec. 31, 2012, persons or entities directly or indirectly
own, control, or hold 5% or more of the voting securities of Dex
One are Franklin Advisers, Inc., Hayman Capital Management LP,
Robert E. Mead, Restructuring Capital Associates LP, Paulson &
Co., Inc., and Mittleman Investment Management LLC.

The 2013 Debtors emerged from Chapter 11 bankruptcy protection on
April 30, 2013.


DTS8 COFFEE: Incurs $64,000 Net Loss in July 31 Quarter
-------------------------------------------------------
DTS8 Coffee Company, Ltd., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $64,042 on $25,480 of revenue for the three months
ended July 31, 2013, as compared with a net loss of $73,743 on
$19,222 of revenue for the same period last year.

The Company's balance sheet at July 31, 2013, showed $4.58 million
in total assets, $804,409 in total liabilities, all current, and
$3.77 million in total shareholders' equity.

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

                         http://is.gd/Z7I6Lk

                         About DTS8 Coffee

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

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

Malone & Bailey, PC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations, which
raises substantial doubt about its ability to continue as a going
concern.


EASTERN 1996D: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Eastern 1996D Limited Partnership
          aka PDC 1996-D LP
        1775 Sherman Street, #3000
        Denver, CO 80203

Bankruptcy Case No.: 13-34773

Chapter 11 Petition Date: September 16, 2013

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

Judge: Harlin DeWayne Hale

Debtor's Counsel: Jason S. Brookner, Esq.
                  LOOPER REED & MCGRAW, P.C.
                  1601 Main Street, Suite 4600
                  Dallas, TX 75201
                  Tel: (469) 320-6132
                  Fax: (214) 953-1332
                  E-mail: jbrookner@lrmlaw.com

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

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

The Company's list of its largest unsecured creditors filed with
the petition does not contain any entry.

The petition was signed by Karen Nicolaou, responsible party.

Affiliates that simultaneously filed for Chapter 11:

        Debtor                        Case No.
        ------                        --------
Eastern 1997D Limited Partnership     13-34774
Eastern 1998D Limited Partnership     13-34775
Colorado 2000B Limited Partnership    13-34776
Colorado 2000C Limited Partnership    13-34777
Colorado 2000D Limited Partnership    13-34778
Colorado 2001A Limited Partnership    13-34779
Colorado 2001B Limited Partnership    13-34780
Colorado 2001C Limited Partnership    13-34781
Colorado 2001D Limited Partnership    13-34782
Colorado 2002A Limited Partnership    13-34783
CO and PA 1999D Limited Partnership   13-34784


EDGEN GROUP: S&P Revises Outlook to Negative & Affirms 'B+' CCR
---------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Baton Rouge, La.-based Edgen Group Inc. to negative from stable.
At the same time, S&P affirmed its ratings on Edgen, including the
'B+' corporate credit rating.

The outlook revision reflects S&P's view that operating
performance for Edgen will continue to be pressured by lower
prices in its Energy and Infrastructure (E&I) and Oil Country
Tubular Goods (OCTG) segments, as well as sales volume declines in
the midstream and upstream end markets in the E&I segment.  In the
E&I segment, backlogs have decreased as customers have continued
to absorb materials purchased in 2012 for projects currently being
completed.  In the OCTG segment, prices have been constrained by a
decline in rig counts as well as increased imports and excess mill
capacity.  S&P do not currently expect a material change in
operating conditions for the remainder of 2013.

"The 'B+' corporate credit rating on Edgen reflects what we view
as the company's 'weak' business risk profile and 'aggressive'
financial risk profile," said Standard & Poor's credit analyst
Megan Johnston.

The negative rating outlook reflects S&P's view that credit
measures will continue to short of its expectations for the
ratings due to weak pricing in Edgen's E&I and OCTG segments.
While we expect measures to improve in 2014 as Edgen's end markets
gradually improve, the negative outlook highlights the risk that
energy markets will continue to be weak next year, leading to
leverage sustained above 5x.  S&P currently expects debt to EBITDA
of about 5x in 2013 and and FFO to debt of 10% in 2013, which it
considers to be weak for the 'B+' corporate credit rating and
aggressive financial risk profile.

S&P could lower the ratings if it do not see pricing begin to
improve in Edgen's E&I and OCTG segments, or volumes improve in
its E&I midstream and upstream end markets, due to ongoing
weakness in the energy sector, such that leverage continues to
exceed 5x.  S&P would also consider lowering the rating if Edgen
were to pursue debt-financed shareholder-friendly actions, such as
dividends or share buybacks.

S&P could revise the outlook to stable if it begins to see pricing
improve in Edgen's end markets, or if the company significantly
reduces debt, such that adjusted leverage falls to and is
sustained between 4x and 5x.


EL CENTRO MOTORS: Oct. 7 Hearing on Final Decree Closing Case
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of California
will convene a hearing on Oct. 7, 2013, at 3:30 p.m., to consider
El Centro Motors' motion for a final decree closing its Chapter 11
case effective as of Sept. 30, 2013.

Martin J. Brill, Esq., at Levene, Neale, Bender, Yoo & Brill
L.L.P., on behalf of the Reorganized Debtor, explained that
pursuant to the Plan, among other things:

   -- the CVB refinanced loan has closed, the New Value Investment
      has been made, and the Nesselhauf Settlement Payment has
      been made;

   -- the Reorganized Debtor has received the Plan Funds, and
      has made the initial distribution; and

   -- the Plan has taken effect and the Reorganized Debtor
      has resolved any outstanding claim disputes.

As reported in the Troubled Company Reporter, Judge Peter Bowie
confirmed on June 19, 2013, the Second Amended Reorganization Plan
of the Debtor after finding that the Plan satisfied the
confirmation requirements under Section 1129 of the Bankruptcy
Code.

The Modified Plan discloses that on May 3, 2013, the Debtor,
Dealer Computer Services, Inc., and Community Valley Bank, among
other parties, conducted a mediation of their disputes related to
the Debtor's Plan.  The mediation resulted in a settlement of
disputes, which results in modifications to the treatment of Class
4 and 5 claims under the Plan.

A full-text copy of the Modified Second Amended Plan dated May 30,
2013, is available for free at:

   http://bankrupt.com/misc/ELCENTROMOTORS_2ndAmdPlanFeb28.PDF

Martin J. Brill, Esq., and Krikor J. Meshfejian, Esq., at LEVENE,
NEALE, BENDER, YOO & BRILL L.L.P., in Los Angeles, California,
represent the Debtor.

                      About El Centro Motors

El Centro Motors, dba Mighty Auto Parts, operates a Ford-Lincoln
automobile dealership in El Centro, California.  It filed a
Chapter 11 petition (Bankr. S.D. Cal. Case No. 12-03860) on
March 21, 2012, estimating $10 million to $50 million in assets
and debts.  Chief Judge Peter W. Bowie presides over the case.

The prior owner of the dealership operated the business since
1932.  The business is presently owned by Dennis Nesselhauf and
Robert Valdes.

The Debtor claims that its assets, which include the property
constituting the dealership in El Centro, and new and used
vehicles, have a value of $14 million.  The Debtor owes Ford Motor
Credit Company $4.3 million on a term-loan secured by a first
priority deed of trust against the El Centro property, 380,000 on
a revolving credit line, and $6 million on a flooring line of
credit used to purchase vehicle inventory.  The Debtor also owes
$1.03 million to Community Valley Bank, which loan is secured by a
second priority deed of trust against the property.  In addition
to $3.95 million arbitration award owed to Dealer Computer
Systems, Inc., the Debtor owes $3 million in unsecured debt.

According to a court filing, the dealership generally operated at
a profit, until it suffered the same economic setbacks suffered by
dealerships across the country.  In 2007, the Debtor suffered an
$806,000 loss; in 2008, it had a $4.5 million loss, and in 2009,
it suffered a $957,000 loss.

Dealer Computer Services, which provided the dealer management
system, obtained in November 2001, an arbitration award in the
amount of $3.95 million, following a breach of contract lawsuit it
filed against the Debtor.  DCS has commenced collection efforts
attempting to levy the Debtor's bank accounts and place liens on
its assets.

The Debtor filed for bankruptcy to preserve and maximize the
Debtor's estate for the benefit of creditors, to provide the
Debtor a reprieve from highly disruptive and financially
detrimental collection efforts, and to provide the Debtor an
opportunity to reorganize its financial affairs in as efficient a
manner as possible.

The Debtor disclosed at least $8,332,571 in total assets and
$19,624,057 liabilities as of the Chapter 11 filing.


ELITE PHARMACEUTICALS: Announces First Shipment of Naltrexone
-------------------------------------------------------------
Elite Pharmaceuticals, Inc., announced the initial shipment of
naltrexone hydrochloride 50 mg tablets under the License,
Manufacturing and Supply Agreement with its sales and marketing
partner, triggering a milestone payment.  Elite's sales and
marketing partner will distribute the product as part of a multi-
product distribution agreement.

Naltrexone is an opioid receptor antagonist used primarily in the
management of alcohol dependence and opioid dependence.  For the
calendar year 2012, Revia and its generic equivalents had total
U.S. sales of approximately $16 million according to IMS Health
Data.

"With the shipment of naltrexone, Elite has now launched seven
products in less than two and a half years," commented Nasrat
Hakim, Elite's president and CEO.  "The Company has executed the
strategic plan on schedule.  This plan now includes an additional
thirteen products, eleven of which are approved, and are
prioritized for commercialization pending manufacturing site
transfer."

                    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.  The
Company's balance sheet at June 30, 2013, showed $10.39 million in
total assets, $16.79 million in total liabilities, and a
$6.40 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.


ENDEAVOUR INTERNATIONAL: Agrees to Sell $22.5-Mil. Crude Oil
------------------------------------------------------------
Endeavour International Corporation, on Sept. 13, 2013, entered
into a forward sale agreement with one of its established
purchasers for a payment of approximately $22.5 million, in return
for a specified volume of crude oil in excess of 200,000 barrels
to be delivered over a six month delivery period from its UK North
Sea production.

                  About Endeavour International

Houston-based Endeavour International Corporation (NYSE: END)
(LSE: ENDV) is an oil and gas exploration and production company
focused on the acquisition, exploration and development of energy
reserves in the North Sea and the United States.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $126.22 million, as compared with a net loss of $130.99 million
during the prior year.  As of June 30, 2013, the Company had $1.54
billion in total assets, $1.41 billion in total liabilities,
$43.70 million in series C convertible preferred stock and $85.12
million in stockholders' equity.

                           *     *     *

As reported by the TCR on March 5, 2013, Moody's Investors Service
downgraded Endeavour International Corporation's Corporate Family
Rating to Caa3 from Caa1.  Endeavour's Caa3 CFR reflects its weak
liquidity, small production and proved reserve scale, geographic
concentration and the uncertainties regarding its future
performance given the inherent execution risks related to its
offshore North Sea operations for a company of its size.

In the Feb. 22, 2013, edition of the TCR, Standard & Poor's
Ratings Services lowered its corporate credit rating on Houston,
Texas-based Endeavour International Corp. (Endeavour) to 'CCC+'
from 'B-'.  The rating action reflects S&P's expectation that
Endeavour could have insufficient liquidity to meet its needs due
to the delay in production from its Rochelle development.


ENERGY FUTURE: Said to Have Signed Confidentiality Deal
-------------------------------------------------------
Seeking Alpha reported Sunday that Energy Future Holdings'
creditors have reportedly signed confidentiality agreements to
review the Texas power utility's non-public financial information,
an important step in what is expected become one of the largest
ever bankruptcy filings.  The report says Energy Future, formerly
known as TXU Corp., is attempting to reach a prepackaged
bankruptcy deal with creditors to avoid staying in Chapter 11 for
too long.  A major deadline is November 11, when Energy Future is
due to pay $270 million to junior creditors.

          About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

                Restructuring Talks With Creditors

In April 2013, Energy Future Holdings Corp., Energy Future
Competitive Holdings Company, Texas Competitive Electric Holdings
Company LLC, and Energy Future Intermediate Holding Company LLC
confirmed in a regulatory filing that they are in restructuring
talks with certain unaffiliated holders of first lien senior
secured claims concerning the Companies' capital structure.

The Companies expect to continue to explore all available
restructuring alternatives to facilitate the creation of
sustainable capital structures for the Companies and to otherwise
attempt to address the Creditors' concerns with the Restructuring
Proposal and Sponsor Proposal.

The Companies have retained Kirkland & Ellis LLP and Evercore
Partners to advise the Companies with respect to the potential
changes to the Companies' capital structure and to assist in the
evaluation and implementation of other potential restructuring
options.

The Creditors have retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP and Millstein & Co., L.P. to advise the Creditors and
to assist in the Creditors' evaluation of potential restructuring
options involving the Companies.

According to a Wall Street Journal report, people familiar with
the matter said Apollo Global Management LLC, Oaktree Capital
Management, Centerbridge Partners and GSO Capital Partners, the
credit arm of buyout firm Blackstone Group LP, all hold large
chunks of Energy Future Holdings' senior debt.  Many of these
firms belong to a group being advised by Jim Millstein, a
restructuring expert who helped the U.S. government revamp
American International Group Inc.

According to the Journal, people familiar with Apollo's thinking
said Apollo recently enlisted investment bank Moelis & Co. for
additional advice to ensure it gets as much attention as possible
on the case given its large debt holdings.

                           *     *     *

In the Feb. 1, 2013, edition of the TCR, Fitch Ratings lowered
the Issuer Default Ratings (IDR) of Energy Future Holdings Corp
(EFH) and Energy Future Intermediate Holding Company LLC (EFIH) to
'Restricted Default' (RD) from 'CCC' on the conclusion of the debt
exchange and removed the Rating Watch Negative.

As reported by the TCR on Feb. 4, 2013, Standard & Poor's Ratings
Services said it raised its corporate credit ratings on EFH, EFIH,
TCEH, and Energy Future Competitive Holdings Co. (EFCH) to 'CCC'
from 'D' following the completion of several debt exchanges, each
of which S&P considers distressed.

In February 2013, Moody's Investors Service withdraw Energy
Future Holdings Corp.'s Caa3 Corporate Family Rating, Caa3-PD
Probability of Default Rating, SGL-4 Speculative Grade Liquidity
Rating and developing rating outlook.  At the same time, Moody's
assigned a Ca CFR to Energy Future Competitive Holdings Company
and a B3 CFR to Energy Future Intermediate Holdings Company LLC.
Both EFCH and EFIH are intermediate subsidiary holding companies
wholly-owned by EFH. EFCH's rating outlook is negative. EFIH's
rating outlook is negative.

"We see different default probabilities between EFCH and EFIH,"
said Jim Hempstead, senior vice president. "We believe EFCH has a
high likelihood of default over the next 6 to 12 months, because
it is projected to run out of cash in early 2014. EFIH has a much
lower likelihood of default owing to the credit separateness that
EFH is creating between EFIH and Texas Competitive Electric
Holdings Company LLC along with EFIH's reliance on stable cash
flows from its regulated transmission and distribution utility,
Oncor Electric Delivery Company."


EXCEL MARITIME: Robertson Objects to Disclosure Statement
---------------------------------------------------------
BankruptcyData reported that Robertson Maritime Investors filed
with the U.S. Bankruptcy Court an objection to Excel Maritime
Carriers' Disclosure Statement.

The objection explains, "Robertson initially objected to Excel's
disclosure statement circulated prebankruptcy, noting a host of
undisclosed risks to unsecured creditors. Some of those
infirmities remain in the Disclosure Statement filed July 16. The
Debtors' circumstances have also changed. Since Excel originally
proposed its insider purchaser of a plummeting company, the Baltic
Dry Index (rates charged by companies like Excel) has doubled. The
original financial projections in the Disclosure Statement are now
wildly incorrect. Once updated to current market rates, the
projections would not justify the insider-sale without a market
test contemplated under the Plan. The Disclosure Statement
provides inadequate information about contemplated insider
transactions. Information relating to the compensation of insiders
remains missing. The information about the risks of the proposed
Plan is still inadequate. The Disclosure Statement still neglects
to accurately describe how insiders of Excel caused Christine
Shipco to 'go rogue', leaving Robertson with claims against
officers and directors and their enablers. The Plan described is
also facially unconfirmable because: It is a new value plan and
there has been no market test for the retention of equity. The
secured lenders receive more than permitted after making a Section
1111(b) election. The Plan illegally forces third parties to
release claims against non-debtors. Finally, the Debtors, who
promised to not 'hide the ball', have indeed hidden the ball and
failed to comply with their discovery obligations. The Disclosure
Statement should not be approved unless or until the Debtors fully
comply with their discovery obligations so parties can critically
analyze the data set forth in the Disclosure Statement."

                       About Excel Maritime

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

The company blamed financial problems on low charter rates.

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

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

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

A five-member official committee of unsecured creditors was
appointed by the U.S. Trustee.  The Creditors' Committee is
represented by Michael S. Stamer, Esq., Sean E. O'Donnell, Esq.,
and Sunish Gulati, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York; and Sarah Link Schultz, Esq., at Akin Gump Strauss Hauer
& Feld LLP, in Dallas, Texas.


FIRST STATE BANCORP: Trustee's Suit Survives FDIC's Dismissal Bid
-----------------------------------------------------------------
Bankruptcy Judge Robert H. Jacobvitz tossed the Motion to Dismiss
Count II filed by the Federal Deposit Insurance Corporation, as
receiver for First Community Bank, in the lawsuit captioned as,
LINDA S. BLOOM, as Chapter 7 Trustee For First State
Bancorporation, Plaintiff, v. FEDERAL DEPOSIT INSURANCE
CORPORATION, as receiver for First Community Bank, Defendant, Adv.
Proc. No. 13-1033 (Bankr. D. N.M.).

FDIC-R filed a proof of claim in the Debtor's bankruptcy case
asserting an unsecured priority claim of $63,821,000 based on
FDIC-R's contention that the Debtor breached its capital
maintenance guaranty issued in connection with the Capital
Restoration Plan.  The Chapter 7 Trustee filed the adversary
proceeding on April 23, 2013, objecting to FDIC-R's Capital
Maintenance Claim and seeking to avoid First State's obligations
under the alleged capital maintenance guaranty as a fraudulent
transfer.  Count I of the Complaint objects to FDIC-R's Capital
Maintenance Claim on five different theories.  Count II of the
Complaint consists of the Trustee's fraudulent transfer claim.

FDIC-R asserts that the jurisdictional bar found in 12 U.S.C. Sec.
1821(d)(13)(D) of the Financial Institutions Reform, Recovery and
Enforcement Act of 1989, 12 U.S.C. Sec.1821 et seq., applies to
Plaintiff's claim to avoid First State Bancorporation's
obligations under an alleged capital maintenance guaranty as a
fraudulent transfer under 11 U.S.C. Sec. 548. FDIC-R argues
further that FIRREA's statutory framework for determining the
amount of the alleged capital maintenance guaranty conclusively
establishes reasonably equivalent value for purposes of defeating
the Chapter 7 Trustee's fraudulent transfer claim.

Judge Jacobvitz said the jurisdictional bar found in 28 U.S.C.
Sec. 1821(d)(13)(D) does not divest the Bankruptcy Court of
subject matter jurisdiction over the Trustee's fraudulent transfer
claim raised in Count II of the Complaint for Avoidance of
Fraudulent Conveyance and Objection to Claim No. 9-2.  Count II
also survives FDIC-R's motion to dismiss for failure to state a
claim.

A copy of the Court's Sept. 17, 2013 Memorandum Opinion is
available at http://is.gd/aEsgHWfrom Leagle.com.

The Chapter 7 Trustee is represented in the suit by:

         Corali Lopez-Castro, Esq.
         David Aaron Samole, Esq.
         KOZYAK TROPIN & THROCKMORTON PA
         2525 Ponce de Leon, 9th Floor
         Miami, Florida 33134
         Tel: 305-372-1800
         Fax: 305-372-3508
         E-mail: clc@kttlaw.com
                 das@kttlaw.com

First State Bancorporation operated as a holding company for its
wholly owned subsidiary, First Community Bank, a New Mexico-
chartered member of the Federal Reserve System. The Federal
Deposit Insurance Corporation insured the Bank's deposits.

First State Bancorporation filed for Chapter 7 bankruptcy (Bankr.
D.N.M. Case No. 11-11916) on April 27, 2011, following the closure
of First Community Bank of Taos by the New Mexico Financial
Institutions Division.  The FDIC was appointed receiver for the
Bank.  The Debtor is the Bank's holding company.  Linda S. Bloom
is the duly appointed Chapter 7 Trustee for the Debtor's estate.

The Chapter 7 Trustee is represented by Chris W. Pierce, Esq., at
Hunt & Davis, P.C.

The FDIC is represented by Joshua David Wayser, Esq., at Katten
Muchin Roseman LLP.


FOOTHILL/EASTERN TRANSPO: Fitch Withdraws 'BB' 2nd Bond Ratings
---------------------------------------------------------------
Fitch Ratings has placed the 'BBB-' rating for Foothill/Eastern
Transportation Corridor Agency (F/ETCA, or the agency), CA's
approximately $2.3 billion in outstanding revenue bonds series
1999 and 1995A on Rating Watch Negative. Fitch expects to resolve
the Negative Watch within three to six months.

Fitch has also withdrawn the 'BBB-' and 'BB' expected ratings
assigned on June 14, 2013 to the proposed issuance of the second
senior and junior lien restructuring bonds, since the bonds have
not yet been sold.

The Negative Watch reflects Fitch's concern that F/ETCA may not be
able to successfully execute its planned restructuring of
outstanding debt in the next three to six months and, therefore,
may be unable to improve its financial flexibility. The proposed
restructuring is dependent on the extension of the California
Department of Transportation's (Caltrans; operator of the toll
road) cooperative agreement and is also highly sensitive to
interest rates. Although market rates appear to be currently
moving in a favorable direction, it is not clear that rates will
fall to a level that makes the restructuring economically viable.

The restructuring requires F/ETCA and Caltrans to agree to a
revised cooperative agreement. Fitch understands that it has not
yet been possible for the two agencies to reach an agreement. In
Fitch's view, the proposed 13-year extension of the agreement is
critical to successful execution of the transaction.

In the absence of a meaningful restructuring, it is Fitch's view
that the financial profile of the existing debt is not consistent
with investment grade. In such a scenario, Fitch would likely
downgrade the current 'BBB-' rating to 'BB+'.

Conversely, if the agency is able to execute this, or a similar,
transaction that has the effect of improving financial
flexibility, Fitch believes an investment grade rating, broadly in
line with the expected ratings previously assigned, should be
attainable.

Key Rating Drivers

-- Limited Traffic Profile: The Foothill/Eastern Transportation
Corridor (F/ETC or the facility) serves as a highway connection
for commuters in Orange and Riverside Counties. Traffic has grown
only marginally over the last decade due to seven, mostly above
inflationary, toll increases since fiscal 2000 (ended June 30).
Future growth potential is limited in part by the narrow corridor
in which development can take place. Revenue Risk Volume:
Midrange.

-- Price Sensitive Commuter Traffic: F/ETCA has limited economic
rate-making flexibility as current toll rates are close to the
revenue maximization point. The average toll rate is higher than
peers at more than 30 cents per mile. It is Fitch's view that
greater than inflationary increases may be required over time. A
history of pro-active decisions by management to raise rates has
historically been a credit strength, although it impacts the
agency's rate-making flexibility going forward. Revenue Risk
Price: Weaker.

-- Fully Amortizing, Back Loaded Debt: Without a restructuring,
the debt service profile steadily increases to maximum annual debt
service (MADS) of $298 million at final maturity in fiscal 2040.
The agency's MADS equivalent debt service reserve is projected to
remain healthy at $298 million in fiscal 2013, providing some
mitigation against the sharply escalating debt service profile.
Debt Structure Risk: Weaker.

-- Weak Financial Flexibility: Leverage is high at approximately
18x. F/ETCA is dependent on continued toll rate increases and
traffic and revenue growth throughout the life of the debt to
maintain coverage levels at or above 1.30x. In fiscal 2013, the
debt service coverage ratio (DSCR) was 1.37x utilizing $13.5
million of the EDF and 1.17x without the assistance. The Fitch
base case DSCR indicates a minimum of 0.93x in fiscal 2022 and an
average of 0.99x through 2040 without the use of the EDF. The
agency's overall liquidity totaling nearly $450 million provides
considerable cushion for periods of underperformance. Debt Service
Risk: Weaker.

-- Manageable Approved Capital Program: The F/ETC corridor is less
than 15 years old and does not currently have any material state
of good repair needs. The agency's fiscal 2013-2014 capital
improvement program (CIP) is small at $47 million. A large portion
of the CIP has not received the necessary environmental permits or
record of decisions to proceed. The State of California's
obligation to maintain the physical assets and a covenant to
budget for capital expenditures annually provides some protection.
Infrastructure Development/Renewal Risk: Stronger.

Security

The bonds are secured by a pledge of net revenues and certain
other pledged revenues such as development impact fees (DIF).
F/ETCA has the right to withdraw up to $5 million DIFs to be used
for any lawful purpose.

Credit Update

F/ETCA's DSCR declined to 1.17x in fiscal 2013 from 1.35x in
fiscal 2009 despite several toll increases. Fitch expects coverage
levels to erode significantly further as debt service rises nearly
70% over the next decade. In Fitch's view, F/ETC has limited
traffic growth potential and pricing power is weak.

Traffic on F/ETC has fluctuated with the economy and has reacted
to a series of toll rate increases. Fiscal 2013 traffic of just
55.4 million is 18% below the peak reached in fiscal 2007 of 67.6
million and equals levels last seen in fiscal 2002. The effect of
the recent traffic declines has been more than offset by toll
increases, resulting in growing toll revenues. The TCA has
increased toll rates six times since fiscal 2007 including the
recent increase in fiscal 2014 (July 2013). In 2012, toll revenues
grew by 7%, and 2013 saw continued growth of just over 4% to a new
peak of $111.7 million.

Fitch Ratings has withdrawn the 'BBB-' and 'BB' ratings on the
following F/ETCA issues as these bonds were not sold:

-- Junior lien toll road rfdg rev bonds (current interest bonds)
   ser 2013B;

-- Second senior toll road rfdg rev bonds (callable stepped coupon
   bonds) (taxable) ser 2013C;

-- Second senior toll road rfdg rev bonds (capital appreciation
   bonds) ser 2013A;

-- Second senior toll road rfdg rev bonds (convertible capital
   appreciation bonds) ser 2013A;

-- Second senior toll road rfdg rev bonds (current interest bonds)
   ser 2013A;

-- Second senior toll road rfdg rev bonds (current interest bonds)
   ser 2013D.


FRIENDFINDER NETWORKS: Transaction Support Agreement Filed
----------------------------------------------------------
BankruptcyData reported tthat FriendFinder Networks filed with the
U.S. Bankruptcy Court a motion for an order, pursuant to sections
105(a) and 365(a) of the Bankruptcy Code, authorizing the
assumption of a transaction support agreement.

The motion explains, "The TSA is the lynchpin of the Debtors'
consensual restructuring and forms the roadmap to their prompt
exit from these Chapter 11 Cases. Facing the impending maturity of
the First Lien Notes and the Parties' collective realization that
the Debtors were in need of a balance sheet restructuring, the
Debtors, prior to the Petition Date, engaged in lengthy
negotiations with their main creditor constituencies, namely the
Consenting First Lien Noteholders -- the beneficial owners or
advisors or investment managers for the beneficialowners of at
least 80% of the outstanding First Lien Noteholder Claims -- and
the Consenting Second Lien Noteholders -- the beneficial owners or
advisors or investment managers for the beneficial owners of at
least 78% of the outstanding principal amount of the Second Lien
Notes -- over the terms of a restructuring transaction.
Ultimately, the Parties reached agreement on the terms of the TSA,
which is the product of a compromise negotiated at arms-length and
in good faith between the Parties, and envisions an accelerated
chapter 11 process so as to avoid any risk of erosion of the value
of the estates. Indeed, the Parties feared that a free-fall into
bankruptcy would disrupt the expectations of the Debtors' customer
base and hamper the prospects for a successful reorganization. To
avoid that result, the Parties entered into the TSA, because they
believe that it maximizes the opportunity to capture the value of
the Debtors' businesses and position the Debtors for success post-
emergence. The collective goal of the Parties is for the Debtors
to effectuate a financial restructuring through a prompt exit from
these Chapter 11 Cases with virtually no impact on day-to-day
operations. The relief granted at the first day hearing is
critical to achieving that result, as is the assumption of the
TSA."

                     About FriendFinder Networks

FriendFinder Networks (formerly Penthouse Media Group) owns and
operates a variety of social networking Web sites, including
FriendFinder.com, AdultFriendFinder.com, Amigos.com, and
AsiaFriendFinder.com.  All total, its Web sites are offered in 12
languages to users in some 170 countries.  The company also
publishes the venerable adult magazine PENTHOUSE, and produces
adult video content and related images.  The Company is based in
Boca Raton, Florida.

FriendFinder Networks reported a net loss of $49.44 million
in 2012, a net loss of $31.14 million in 2011, and a net loss of
$43.15 million in 2010.

FriendFinder Networks filed a petition for Chapter 11
reorganization (Bankr. D. Del. Lead Case No. 13-12404) on
September 17, listing assets of $465.3 million and debt totaling
$662 million.  The case is In re PMGI Holdings Inc., 13-12404,
U.S. Bankruptcy Court, District of Delaware (Wilmington).  The
petition listed assets of $465.3 million and debt totaling
$662 million.

The Debtors are represented by Nancy A. Mitchell. Esq., Matthew L.
Hinker, Esq., and Paul T. Martin, Esq., at GREENBERG TRAURIG, LLP,
in New York, as lead bankruptcy counsel; and Dennis A. Meloro,
Esq., in Wilmington, Delaware, as local Delaware counsel.  Akerman
Senterfitt serves as the Debtors' special and conflicts counsel.
The Debtors' financial advisor is SSG Capital Advisors LLC.  BMC
Group, Inc., is the Debtors' claims and noticing agent.


FRIENDFINDER NETWORKS: Can Use Cash Collateral During Ch. 11
------------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge gave the interim
green light on Sept. 18 to a host of first-day motions from
Penthouse publisher FriendFinder Networks Inc., including the use
of cash collateral to help the business continue to operate
through what it hopes will be a quick Chapter 11 process.

According to the report, U.S. Bankruptcy Judge Christopher S.
Sontchi indicated he would grant interim approval of several other
requests from the company, which also runs a host of adult and
dating websites, including motions to continue paying its
employees.

                     About FriendFinder Networks

FriendFinder Networks (formerly Penthouse Media Group) owns and
operates a variety of social networking Web sites, including
FriendFinder.com, AdultFriendFinder.com, Amigos.com, and
AsiaFriendFinder.com.  All total, its Web sites are offered in 12
languages to users in some 170 countries.  The company also
publishes the venerable adult magazine PENTHOUSE, and produces
adult video content and related images.  The Company is based in
Boca Raton, Florida.

FriendFinder Networks reported a net loss of $49.44 million
in 2012, a net loss of $31.14 million in 2011, and a net loss of
$43.15 million in 2010.

FriendFinder Networks filed a petition for Chapter 11
reorganization (Bankr. D. Del. Lead Case No. 13-12404) on
September 17, listing assets of $465.3 million and debt totaling
$662 million.  The case is In re PMGI Holdings Inc., 13-12404,
U.S. Bankruptcy Court, District of Delaware (Wilmington).  The
petition listed assets of $465.3 million and debt totaling
$662 million.

The Debtors are represented by Nancy A. Mitchell. Esq., Matthew L.
Hinker, Esq., and Paul T. Martin, Esq., at GREENBERG TRAURIG, LLP,
in New York, as lead bankruptcy counsel; and Dennis A. Meloro,
Esq., in Wilmington, Delaware, as local Delaware counsel.  Akerman
Senterfitt serves as the Debtors' special and conflicts counsel.
The Debtors' financial advisor is SSG Capital Advisors LLC.  BMC
Group, Inc., is the Debtors' claims and noticing agent.


FURNITURE BRANDS: U.S. Trustee Appoints 7-Member Creditors' Panel
-----------------------------------------------------------------
The U.S. Trustee for Region 3 appointed seven members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Furniture Brands International, Inc., and its affiliates.  The
Committee members are:

     1. Pension Benefit Guaranty Corporation
        Attn: Todd Yuba
        1200 K. St., NW
        Washington, DC 20005
        Tel: 202-326-4070

     2. LF Products PTE Ltd.
        Attn: Martin Leder
        12 Princeton Dr.
        Tappan, NY 10983
        Fax: 845-365-6041

     3. Milberg Factors Inc.
        Attn: Mark F. Equinoa
        99 Park Ave.
        New York, NY 10016
        Tel: 646-717-9254
        Fax: 212-697-4866

     4. Rocktenn CP, LLC
        Attn: John Stakel
        504 Thrasher St.
        Norcross, GA 30071
        Tel: 770-448-2193

     5. The Standard Register Company
        Attn: James M. Vaughn
        600 Albany St.
        Dayton, OH 45417
        Tel: 937-221-1517
        Fax: 937-221-1995

     6. Tombigbee Electric Power Association
        Attn: Bruce Williams
        PO Box 1789
        Tupelo, MS 38802
        Tel: 662-842-7635
        Fax: 662-842-0369

     7. A&R Manchester, LLC
        Attn: Gina Caminito
        187 Millburn Ave., Ste. 6
        Millburn, NJ 07041
        Tel: 973-379-4150
        Fax: 973-379-0691

                       About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the 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.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.


FURNITURE BRANDS: Seeks to Employ Paul Hastings as Lead Counsel
---------------------------------------------------------------
Furniture Brands International, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Paul Hastings LLP as counsel.

The firm's attorneys will be paid $440 to $1,100 per hour, while
their paralegals will be paid $255 to $320 per hour.  The firm
will also be reimbursed for any necessary out-of-pocket expenses.

Luc A. Despins, Esq. -- lucdespins@paulhastings.com -- Leslie A.
Plaskon, Esq. -- leslieplaskon@paulhastings.com -- and James T.
Grogan, Esq. -- jamesgrogan@paulhastings.com -- will take lead
roles in representing the Debtors.

The firm assures the Court that it is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.

                       About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the 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.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.


FURNITURE BRANDS: Taps Young Conaway as Local Delaware Counsel
--------------------------------------------------------------
Furniture Brands International, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Young Conaway Stargatt & Taylor, LLP, as their local Delaware
counsel.

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

M. Blake Cleary        mbcleary@ycst.com           $650
Jaime Luton Chapman    jchapman@ycst.com           $375
Andrew L. Magaziner    amagaziner@ycst.com         $325
Ian J. Bambrick        ibambrick@ycst.com          $300
Melissa Romano, paralegal                          $190

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

The firm assures the Court that it is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.  Young Conaway received a retainer in the amount of
$50,000 plus $30,000 for anticipated expenses and filing fees in
connection with the planning and preparation of initial documents
and its proposed postpetition representation of the Debtors.  A
portion of the Retainer and advance for anticipated expenses and
filing fees will be applied to outstanding balances existing as of
the Petition Date.  The remainder will constitute a general
retainer as security for postpetition services and expenses.

                       About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the 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.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.


FURNITURE BRANDS: Hires Alvarez & Marsal as Restructuring Advisors
------------------------------------------------------------------
Furniture Brands International, Inc., et al., seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Alvarez & Marsal North America, LLC, as their restructuring
advisor.

The firm will be paid by the Debtors for services of its
professionals at their customary hourly rates which are as
follows:

   Managing Directors           $675-$875
   Directors                    $475-$675
   Associates/Analysts          $275-$475

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

The firm assures the Court that it is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtors and their
estates.  The firm received $300,000 as a retainer before the
Petition Date.  In the 90 days before the Petition Date, the firm
received retainers and payments totaling $2,175,230.

A hearing on the employment application will be on Oct. 2, 2013,
at 11:00 a.m. (ET).  Objections are due Sept. 25.

                       About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engages in the 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.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

Furniture Brands' balance sheet at June 29, 2013, showed $546.73
million in total assets against $550.13 million in total
liabilities.


GAR LIMITED: OSC Grants Full Revocation of Cease Trade Order
------------------------------------------------------------
GAR Limited on Sept. 20 disclosed that the Ontario Securities
Commission, has granted an order fully revoking the cease trade
order issued by the OSC on June 24, 1998.

The cease trade order had been imposed by the OSC due to the
failure of the Corporation to file its audited annual financial
statements for the fiscal year ended January 31, 1998, unaudited
interim financial statements for the three month period ended
April 30, 1998, and unaudited interim financial statements for the
six month period ended July 31, 1998.

Pursuant to the Order, the Corporation was granted permission for
the early adoption of International Financial Reporting Standards
for periods beginning on, and after, February 1, 2009.

The current directors and officers of the Corporation are as
follows:

John Rapski, Swastika, Ontario
Director, President and Chief Executive Officer

Walter Krystia, Toronto, Ontario
Director and Chief Financial Officer

George Mara, Toronto, Ontario
Director

Mr. John Rapski, age 66, was appointed as a director on July 16,
1997 and is the President and CEO of the Corporation.  His term in
office as a director will expire at the next annual meeting of
shareholders.  Mr. Rapski has been employed on a full time basis
since his appointment and received a Bachelor of Environmental
Studies degree from The University of Waterloo in 1972.

Mr. Krystia, age 66, was appointed as a director on July 16, 1997
and is the CFO of the Corporation.  His term of office will expire
at the next annual meeting of shareholders.  Mr. Krystia is a
retired professor of business at Ryerson University in Toronto and
is currently providing business consulting and advisory services
to small business entities.  Mr. Krystia will devote the necessary
time to the Corporation that is required to discharge his
fiduciary duties.

Mr. Mara, age 65, was appointed a director of the Corporation on
July 16, 1997.  His term of office will expire at the next annual
meeting of shareholders.  Mr. Mara is an independent consultant to
the automotive industry since 1965 and previously owned a car
dealership.  Mr. Mara will devote the necessary time to the
Corporation that is required to discharge his fiduciary duties.

Each of Messrs. Krystia and Mr. Mara are members of the board sub-
committee being the Audit Committee.

No director or officer has any indebtedness to the Corporation,
nor have they entered in to a non-competition or non-disclosure
agreement with the Corporation or employment agreement.

Other than the Order, no director or executive officer is, as at
the date of this press release, or was within 10 years before the
date of this press release, a director, chief executive officer or
chief financial officer of any company, that:

        a.  was subject to an order that was issued while the
director or executive officer was acting in the capacity as
director, chief executive officer or chief financial officer, or

        b.  was subject to an order that was issued after the
director or executive officer ceased to be a director, chief
executive officer or chief financial officer and which resulted
from an event that occurred while that person was acting in the
capacity as director, chief executive officer or chief financial
officer.

No director or executive officer of the Corporation, or a
shareholder holding a sufficient number of securities of the
Corporation to affect materially the control of the Corporation:

        a.  is, as at the date of this press release, or has been
within the 10 years before the date of this press release, a
director or executive officer of any company that, while that
person was acting in that capacity, or within a year of that
person ceasing to act in that capacity, became bankrupt, made a
proposal under any legislation relating to bankruptcy or
insolvency or was subject to or instituted any
proceedings, arrangement or compromise with creditors or had a
receiver, receiver manager or trustee appointed to hold its
assets, state the fact; or

        b.  has, within the 10 years before the date of this press
release, become bankrupt, made a proposal under any legislation
relating to bankruptcy or insolvency, or become subject to or
instituted any proceedings, arrangement or compromise with
creditors, or had a receiver, receiver manager or trustee
appointed to hold the assets of the director, executive officer or
shareholder, state the fact.

Save for certain historical continuous disclosure materials the
Corporation has been exempted from filing pursuant to the
Revocation Order, the Corporation has filed all continuous
disclosure materials required to be filed pursuant to National
Instrument 51-102.  These materials are available under the
Corporation's SEDAR profile at www.sedar.com.

The Corporation does not have any definitive plans in place for
the operation of the business going forward.  However, it is the
intention of management of the Corporation to investigate
opportunities going forward.

The Corporation has filed the following documents on SEDAR:

        --  Audited annual financial statements for the years
ended January 31, 2013, 2012 and 2011.
        --  CEO/CFO certificates under National Instrument 52-109
in respect of the above annual filings.
        --  Interim financial statements and CEO/CFO certificates
for the periods ended April 30, 2013 and July 31, 2013.
        --  Managements' Discussion and Analysis for the years
ended January 31, 2013, 2012 and 2011 and the interim periods
ended April 30, 2013 and July 31, 2013.

The Corporation has provided an undertaking to the OSC that it
will not complete any of the following transactions without first
filing a prospectus with the OSC:

        --  a restructuring transaction involving, directly or
indirectly, an existing or proposed, material underlying business
which is not located in Canada;
        --  a reverse takeover with a reverse takeover acquirer
that has a direct or indirect, existing or proposed, material
underlying business which is not located in Canada; or
        --  a significant acquisition involving, directly or
indirectly, an existing or proposed, material underlying business
which is not located in Canada.

The Corporation has provided an undertaking to the OSC that it
will hold an annual general meeting of shareholders within the
next three months.


GATEHOUSE MEDIA: Soliciting Acceptances of Prepackaged Plan
-----------------------------------------------------------
GateHouse Media, Inc., and certain of its subsidiaries commenced
solicitation of votes to accept or reject a prepackaged plan of
reorganization under Chapter 11 of the Bankruptcy Code from all
holders of Outstanding Debt.  Pension, trade and all other
unsecured claims of GateHouse would not be impaired under the Plan
and their votes are not being solicited.

The Solicitation will expire at 5:00 pm prevailing Eastern Time on
Sept. 26, 2013, unless extended.  If (i) Lenders under the Amended
and Restated Credit Agreement by and among certain affiliates of
GateHouse, the Lenders from time to time party thereto and the
administrative agent thereto, dated as of Feb. 27, 2007, and (ii)
holders of GateHouse's obligations under certain interest rate
swaps secured thereunder sufficient to meet the requisite
threshold of 67 percent in amount and a majority in number
necessary for acceptance of the Plan under the Bankruptcy Code
vote to accept the Plan in the Solicitation, GateHouse intends to
commence Chapter 11 cases and seek approval of the Disclosure
Statement and confirmation of the Plan.

To date, holders of Outstanding Debt, including Newcastle
Investment Corp. (an affiliate of GateHouse) representing
approximately 80.3 percent in amount of the Outstanding Debt and
the Administrative Agent under the Credit Agreement have signed a
Support Agreement agreeing to support the restructuring
contemplated by the Plan.

GateHouse believes that it will be a viable long-term provider of
print, online and other digital products, including mobile
applications, after the completion of the Chapter 11
restructuring.  GateHouse has not yet commenced Chapter 11 cases.

Epiq Bankruptcy Solutions, LLC, is the Voting Agent for the Plan.
Holders of Outstanding Debt may request additional copies of the
Disclosure Statement or a replacement ballot by contacting the
Voting Agent by email at gatehouse@epiqsystems.com, by telephone
at (646) 282-2500, or at the following address: GateHouse Media,
Inc. Ballot Processing Center, c/o Epiq Bankruptcy Solutions, LLC,
757 Third Avenue, Third Floor, New York, New York 10017.

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

                         http://is.gd/TKBDdT

                        About GateHouse Media

GateHouse Media, Inc. -- http://www.gatehousemedia.com/--
headquartered in Fairport, New York, is one of the largest
publishers of locally based print and online media in the United
States as measured by its 97 daily publications.  GateHouse Media
currently serves local audiences of more than 10 million per week
across 21 states through hundreds of community publications and
local Web sites.

As of June 30, 2013, the Company had $433.70 million in total
assets, $1.28 billion in total liabilities and a $848.85 million
total stockholders' deficit.


GENTIVA HEALTH: S&P Affirms B Corp. Credit Rating; Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Gentiva Health Services Inc. following
the company's plans to acquire Harden Healthcare and refinance its
credit facility.  The outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to the
company's proposed senior secured credit facility, which will
include a $100 million revolver and an $855 million term loan B.
The recovery rating on this debt is '3', indicating S&P's
expectation for meaningful (50%-70%) recovery of principal in the
event of payment default.

S&P's 'CCC+' issue-level rating on the company's $325 million
senior unsecured notes remains unchanged.  The recovery rating on
this debt is '6', indicating S&P's expectation for negligible
(0%-10%) recovery of principal in the event of a payment default.

"Our rating on Atlanta-based Gentiva Health Services Inc. reflects
the company's "vulnerable" business risk profile.  Pro forma for
Harden, the company will continue to have significant exposure to
government reimbursement, particularly from Medicare home health,
which continues to be under pressure.  The ratings also reflect
the company's "highly leveraged" financial risk profile," said
credit analyst Tahira Wright.  "Pro forma for the Harden
acquisition with our expectation of achieved synergies, we expect
debt leverage will be around 5.2x by the end of 2014.  Following
the acquisition, Gentiva will be a leading provider of home
health, hospice, and community care services serving patients
through approximately 550-plus locations in 40 states."

S&P's stable outlook reflects S&P's expectation that Gentiva will
continue to manage home health rate cuts in 2013 and 2014 that
include sequestration and will successfully complete the
acquisition of Harden, supporting debt to EBITDA in the 5x to 5.5x
range through the end of 2014.  S&P expects EBITDA growth will
result in ample free operating cash flow, which it expects the
company to use for debt repayment.

S&P could raise the rating if it believes the company will reduce
leverage to a sustained level below 4.5x.  This could be achieved
if the company continues to use most of its free operating cash
flow for debt repayment past 2014.  An upgrade can also occur if
the company is able to improve EBITDA margins by 100 basis points
higher than S&P's base case.  This could follow successful
integration of Harden Healthcare and our confidence that the
company will be able to manage through new Medicare re-based home
health rates in 2014 and beyond.

A downgrade would result from unsuccessful cost mitigation
following further cuts, which would result in sharply contracting
EBITDA, causing covenant cushions to fall below 10%, which would
impair liquidity.


GEO GROUP: S&P Assigns 'B+' Rating to $250MM Sr. Unsecured Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B+'
senior unsecured debt rating and '4' recovery rating to Boca
Raton, Fla.-based The GEO Group Inc.'s proposed $250 million
senior unsecured notes due January 2022.  The '4' recovery rating
indicates S&P's expectation of average recovery (30% to 50%) for
senior unsecured creditors in the event of a payment default.  S&P
believes GEO will use the net proceeds to refinance its existing
$250 million 7.75% senior unsecured notes due 2017, which become
callable at par on Oct. 15, 2013.  S&P estimates GEO will have
about $1.6 billion in on-balance sheet debt (including nonrecourse
debt) after the transaction closes.

All of S&P's existing ratings on GEO, including the 'B+' corporate
credit rating, remain unchanged.  The outlook is stable.

"Our ratings on GEO reflect our view that the business risk
profile will continue to be "fair" and the financial risk profile
will continue to be "highly leveraged."  The company benefits from
high entry barriers in the private correctional industry, yet it
remains vulnerable to the decision-making of a concentrated base
of customers from various levels of the U.S. government.  Ongoing
government budget deficits and potential correctional policy
changes, mostly from a need to reduce government spending, remain
the principal constraining factors in our business risk
assessment.  We forecast credit metrics will remain weak and
financial policy will remain aggressive.  We forecast leverage
will remain near 5x and the company will continue to prioritize
shareholder return over debt reduction," S&P said.

S&P's outlook thresholds for a rating change remain unchanged: It
could lower the ratings if leverage increases to 6x or it could
raise the ratings if leverage decreases to 4x. A 15% EBITDA
decline or a $300 million debt increase could cause leverage to
increase to 6x. A 30% EBITDA increase or a $350 million debt
decrease could cause leverage to decrease to 4x.

For the complete credit rating rationale, please see the research
update on The GEO Group Inc. published March 12, 2013 on
RatingsDirect.

RATINGS LIST

The GEO Group Inc.
Corporate credit rating               B+/Stable/--

New Ratings
The GEO Group Inc.
Senior unsecured
  $250 million notes due 2022          B+
   Recovery rating                     4


GLOBAL ROCK NETWORKS: Files Chapter 11 in S.D.N.Y Court
-------------------------------------------------------
Global Rock Networks, Inc., a New York City-based
telecommunications company, sought Chapter 11 bankruptcy by
filing a voluntary petition (Bankr. S.D.N.Y. Case No. 13-13039) on
Sept. 19, 2013.  Global Rock Networks estimated under $10 million
in assets, and is represented by DelBello Donnellan Weingarten
Wise & Wiederkehr, LLP, as counsel.


GMX RESOURCES: Amended Key Employee Retention Plan Filed
--------------------------------------------------------
BankruptcyData reported that GMX Resources filed with the U.S.
Bankruptcy Court a motion to amend the previous order granting the
Debtors' motion for entry of an order authorizing the Debtors to
(i) pay severance to terminated employees and (ii) implement a key
employee retention plan for employees.

The amended order states, "By this Motion, the Debtors seek
authority to amend the Severance and KERP Order to allow the
Debtors to pay employees (i) half of their severance or KERP
payment upon approval of this Motion; and (ii) half of their
severance or KERP payment upon the earlier of (a) the effective
date of a confirmed chapter 11 plan or (b) the closing of a sale
of substantially all of the Debtors' assets.  Any retention
payment received by an employee that is subsequently terminated
will be credited against any severance such employee is entitled
to receive."

                        About GMX Resources

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

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

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

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

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

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


GUAM POWER: Fitch Affirms 'BB+' Rating on $51MM Revenue Bonds
-------------------------------------------------------------
Fitch Ratings affirms the following ratings on outstanding Guam
Power Authority (GPA) revenue bonds:

-- $545.9 million senior revenue bonds, 2012 series A and 2010
   series A, at 'BBB-';

-- $51.7 million subordinated revenue bonds, 2010 series A, at
   'BB+'.

In addition, Fitch has withdrawn the 'BBB-' rating assigned on
June 3, 2010 to GPA's 2010 series B bonds as the bonds were never
sold.

The Rating Outlook is Stable.

Security
The outstanding senior revenue bonds are secured by net revenues
of GPA. Outstanding subordinated revenue bonds are limited
obligations of GPA secured by a lien on, and pledge of, net
revenues, subject to the prior pledge of revenues securing the
senior bonds. A default on the subordinated revenue bonds would
not trigger a default on the senior revenue bonds.

Key Rating Drivers
SOLE PROVIDER ISLAND SYSTEM: GPA benefits from its position as the
sole provider of retail electricity to the nearly 160,000
residents of the island of Guam, the westernmost territory of the
U.S. The significant presence of the U.S. Navy, which accounts for
nearly 20% of GPA's total annual revenue, provides stability to
the island's economy and the authority's customer base.

Subject To Rate Regulation: GPA's electric rates are regulated by
the local Public Utility Commission (PUC), which authorizes cost
recovery through both base rates and a levelized energy adjustment
clause (LEAC) for fuel and other related costs. The PUC's
responsiveness to requests for cost recovery in recent years is
viewed positively by Fitch, but delays inherent in both the
regulatory process and the recovery mechanism will continue to
impair liquidity and limit overall financial flexibility.

Weak Financial Profile: Weak operating margins continue to yield
low debt service coverage (DSC) and minimal cash reserves. Fitch-
calculated DSC declined to 0.98x in fiscal 2012 following multiple
years of steady improvement closer to 1.2x. Fitch expects coverage
to rise to a more acceptable 1.4x by fiscal 2015 based on GPA's
current financial forecast.

Fuel Mix and Environmental Challenges: Generation resources on
Guam are 100% fuel oil-based, resulting in high rates and
continued exposure to market price volatility and procurement
risk. Positively, plans to develop the infrastructure needed to
utilize liquefied natural gas (LNG) could, over time, provide a
more diversified fuel mix and help GPA comply with new
environmental standards. However, the cost to do so will likely
stress GPA's financial and leverage metrics and could ultimately
pressure the current ratings.

Fragile Economy: The authority's service area exhibits weak income
levels and persistently high unemployment as a result of Guam's
largely tourism-based economy. Favorably, receivables have
diminished to a more manageable level, and annual bad debt
expenses remain low.

Rating Sensitivity
Weaker Than Expected Financial Performance: The current rating
takes into account GPA's weak balance sheet, marginal debt service
coverage and rate regulation. However, failure to restore and
maintain operating margins as a result of restrictive rate
regulation or costly environmental compliance strategies could
ultimately lead to negative rating action.

Credit Profile
Guam is the westernmost territory of the U.S., located
approximately 3,800 miles southwest of Honolulu, HI, and almost
1,600 miles southeast of Tokyo, Japan. The island's population
grew by a nominal 3% over the prior decade, reaching an estimated
159,350, according to the 2010 U.S. Census.

GPA provides electric generation, transmission, and distribution
service on a retail basis to a largely residential service
territory. Customers are served primarily through owned
generation, and to a lesser extent through three energy agreements
with independent power producers (IPPs). Owned generating
resources of the authority totaling 357.4 MW consist of three oil-
fired steam generating units, four combustion turbine units, and
14 diesel units. Total available capacity is twice the system's
record peak demand and well in excess of projected future demand.

Regulatory Deadline Approaching
GPA's most recent integrated resource plan (IRP) was completed in
2012 and is focused entirely on fuel diversification strategies
and environmental compliance strategies. While the IRP includes
plans to continue adding renewable resources, the largest
initiative by far is the development of infrastructure needed to
utilize LNG.

The expected cost is sizeable, estimated to be as much as $775
million, although the implementation of LNG would provide greater
fuel diversification and effectively satisfy the U.S.
Environmental Protection Agency's (EPA) maximum achievable control
technology (MACT) standards. GPA officials have reportedly
released an invitation for bids for LNG solutions and requested
the EPA enter into a consent decree in order to extend the
approaching April 2015 deadline to comply with MACT standards.

Fitch views the authority's plan to diversify its fuel resources
positively but believes the additional leverage needed to satisfy
the EPA's requirements could pressure GPA's overall credit profile
over the near term. Fitch will continue to monitor the authority's
progress with satisfying its regulatory obligations and developing
LNG infrastructure.

Rate-Regulated Utility
GPA is regulated by a seven-member PUC appointed to six-year terms
by the governor of Guam, subject to legislative approval.
Interactions between GPA and the PUC have reportedly been
constructive and cooperative over the last several years,
resulting in base rate adjustments in three out of the prior four
years. However, the PUC's unwillingness to approve the authority's
2011 petition to increase the frequency of GPA's LEAC mechanism to
quarterly from semiannually and impose a payment in lieu of taxes
(PILOT) surcharge underscores Fitch's belief that the authority's
financial flexibility remains limited due to rate regulation.

Weak Financial Metrics
The authority's financial metrics remain satisfactory for the
current ratings. Fitch-calculated DSC of senior and subordinate
lien obligations, including annual lease payments, stabilized in
fiscals 2010 and 2011, but a moderate increase in annual debt
service coupled with a delayed rate increase and declining sales
dropped debt service coverage to slightly below 1.0x in fiscal
2012.

Liquidity also declined, falling from 30 days of unrestricted cash
on hand in fiscal 2011 to an even weaker 17 days by year-end. A
surcharge embedded in the LEAC satisfies GPA's indenture-required
working capital fund and provides an additional 30 days cash if
needed, although the fund would ultimately have to be replenished
following any draws.

GPA's financial forecast through fiscal 2016 shows annual DSC
improving to an acceptable average of about 1.3x. The forecast
assumes a continuation of historical growth in customers served, a
pending 2.2% base rate increase and flat energy sales.

GPA filed its latest base rate petition to the PUC in August 2013
and expects to have the increase approved and implemented by the
start of the 2014 fiscal year. Fitch believes the forecast is
achievable, but notes that financial results beyond the current
planning period will likely be pressured as a result of having to
comply with MACT standards.


GYMBOREE CORP: Bank Debt Trades at 3% Off
-----------------------------------------
Participations in a syndicated loan under which Gymboree Corp is a
borrower traded in the secondary market at 97.18 cents-on-the-
dollar during the week ended Friday, September 20, 2013, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents an increase of 1.18
percentage points from the previous week, The Journal relates.
Gymboree Corp pays 350 basis points above LIBOR to borrow under
the facility.  The bank loan matures on Feb. 23, 2018.  The bank
debt carries Moody's B2 and Standard & Poor's B- rating.  The loan
is one of the biggest gainers and losers among 204 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in San Francisco, California, The Gymboree
Corporation sells infant and toddler apparel.  The company designs
and distributes infant and toddler apparel through its stores
which operates under the "Gymboree", "Gymboree Outlet", "Janie and
Jack" and "Crazy 8" brands in the United States, Canada and
Australia.  The company is owned by affiliates of Bain Capital
Partners LLC.

                           *     *     *

As reported in the Troubled Company Reporter on May 9, 2013,
Moody's Investors Service confirmed The Gymboree Corporation's
Corporate Family Rating at B3, concluding the review for downgrade
that began on December 13, 2012. The rating outlook is negative.


HARRISBURG, PA: Aims to Pay Bank $1.9MM From Western Auction
------------------------------------------------------------
Law360 reported that Harrisburg's state-appointed receiver on
Sept. 17 asked a Pennsylvania judge permission to give creditor
Metro Bank at least $1.9 million obtained through the auction of
the city's collection of Wild West artifacts, in order to repay a
loan associated with the city's bungled waste-to-energy project.

According to the report, the financially beleaguered capital city,
whose financial restructuring is being handled by state-appointed
receiver Maj. Gen. William Lynch, owes the bank a total of nearly
$2.5 million, as part of $345 million in debt from the municipal
project.

                 About Harrisburg, Pennsylvania

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

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

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

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

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

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

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

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

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

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


HAWAII OUTDOOR: Has Deal Extending Benda Trust Lease
----------------------------------------------------
David C. Farmer, Chapter 11 trustee for Hawaii Outdoor Tours,
Inc., asks the Bankruptcy Court to approve a third stipulated
order extending the time for the trustee to assume or reject the
Benda Trust Lease.

Pursuant to the stipulation entered among the trustee, the
Official Committee of Unsecured Creditors, First-Citizens Bank &
Trust Company, and the trustees of the Eleanor Rose Benda Trust,
the deadline for the trustee to assume or reject the Benda Trust
Lease is extended from Sept. 16, 2013, until Dec. 31.

According to the trustee, the Benda Trust Lease is for real
property located in Hilo, Hawaii, containing an area of
approximately two and a half acres.  The Benda Trust Lease
commenced on an effective date of March 1, 1979.  Current lease
rent is $32,000 per annum, payable by quarterly payments in the
amount of $8,000.

                     About Hawaii Outdoor Tours

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

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

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

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

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

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

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


HELENA CHRISTIAN SCHOOL: Mountain West Bank May Foreclose Assets
----------------------------------------------------------------
Bankruptcy Judge Ralph B. Kirscher granted the Second Motion for
Relief From the Automatic Stay in the Chapter 11 case of Helena
Christian School, Inc., filed by Mountain West Bank, N.A., and the
stay afforded by 11 U.S.C. Sec. 362(a) is modified to permit
Mountain West Bank to pursue its nonbankruptcy remedies with
respect to these property of the estate:

     -- Real property located in Lewis & Clark County, Montana;

     -- The Doctor Steele aka Doc. Steele Lode Mining Claim,
        M.S. No. 354, Lot 39A;

     -- The Doctor Steele aka Doc. Steele Millsite Mining Claim,
        M.S. No. 354, Lot 39B;

     -- Lot 44C, being located in the Sam Gaty Lode Mining Claim,
        M.S. No. 79;

     -- Lot 44D, being located in the Sam Gaty Extension Lode
        Mining Claim, M.S. No. 79; and

     -- The Real Property commonly known as Cornerstone Village
        Subdivision, Helena, Montana

A real estate appraiser valued the Debtor's Properties at
$845,000.  Mountain West is owed $1,906,868.

A copy of Judge Kirscher's Sept. 16, 2013 Memorandum of Decision
is available at http://is.gd/KhgON5from Leagle.com.

Helena Christian School, Inc., filed for Chapter 11 bankruptcy
(Bankr. D. Mont. Case No. 13-60091) in Butte on Jan. 29, 2013.
Judge Ralph B. Kirscher oversees the case.  J. Colleen Herrington,
Esq., at DeSchenes & Sullivan Law Office, serves as the Debtor's
counsel.  In its petition, the school estimated $1 million to $10
million in both assets and debts.  The petition was signed by
Gregory W. Page, administrator.

The bankruptcy filing halted a sheriff's sale of the school's
property scheduled for Jan. 31, 2013.


HELENA CHRISTIAN SCHOOL: Court Rejects Bid to Mine Real Property
----------------------------------------------------------------
Bankruptcy Judge Ralph B. Kirscher denied the request of Helena
Christian School, Inc., to mine its real property, without
prejudice, as moot.

The Debtor proposes to extract gold from the property and repay
its creditors.  The Debtor, however, has no formal agreement with
the people who are interested in mining the property.

In response to concerns raised by Mountain West Bank, N.A., that
the Debtor's proposal to mine the Property is contrary to the
nuisance and waste provision set forth in the Mortgage recorded in
Lewis and Clark County on January 2, 2009, the Debtor claims there
will be no waste of the property because any reclamation is
protected by the certificates of deposit.  The Debtor, however,
does not propose any type of adequate protection payment to
Mountain West, other than its representation that there will be no
waste to the Property because any reclamation associated with its
gold mining is covered by a bond required by the Department of
Environmental Quality.

Helena Christian School, Inc., filed for Chapter 11 bankruptcy
(Bankr. D. Mont. Case No. 13-60091) in Butte on Jan. 29, 2013.
Judge Ralph B. Kirscher oversees the case.  J. Colleen Herrington,
Esq., at DeSchenes & Sullivan Law Office, serves as the Debtor's
counsel.  In its petition, the school estimated $1 million to $10
million in both assets and debts.  The petition was signed by
Gregory W. Page, administrator.

The bankruptcy filing halted a sheriff's sale of the school's
property scheduled for Jan. 31, 2013.


HELENA CHRISTIAN SCHOOL: Plan Outline Hearing Continued to Oct. 8
-----------------------------------------------------------------
Bankruptcy Judge Ralph B. Kirscher said the hearing to approve the
Disclosure Statement explaining Helena Christian School, Inc.'s
plan of reorganization is continued to Oct. 8, 2013, at 9:00 a.m.,
or as soon thereafter as the parties can be heard, in the 2nd
Floor Courtroom, Federal Building, 400 N. Main, in Butte, Montana.

Helena Christian School, Inc., filed for Chapter 11 bankruptcy
(Bankr. D. Mont. Case No. 13-60091) in Butte on Jan. 29, 2013.
Judge Ralph B. Kirscher oversees the case.  J. Colleen Herrington,
Esq., at DeSchenes & Sullivan Law Office, serves as the Debtor's
counsel.  In its petition, the school estimated $1 million to $10
million in both assets and debts.  The petition was signed by
Gregory W. Page, administrator.

The bankruptcy filing halted a sheriff's sale of the school's
property scheduled for Jan. 31, 2013.


HERITAGE CONSOLIDATED: Seeks Extension of Cash Collateral Use
-------------------------------------------------------------
Heritage Consolidated, LLC, and Heritage Standard Corporation,
together with the Official Committee of Unsecured Creditors, ask
the U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, to approve a stipulation extending the Debtors'
continued use of Cash Collateral through Sept. 30, 2013.

The stipulation was signed by Joe E. Marshall, Esq., at MUNSCH
HARDT KOPF & HARR, P.C., in Dallas, Texas, on behalf of the
Debtors; and Brian A. Kilmer, Esq., and M. Renee Bayer, Esq., at
Chamberlain, Hrdlicka, White, Williams & Aughtry, in Houston,
Texas, on behalf of the Creditors' Committee.

                   About Heritage Consolidated

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

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

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

The U.S. Trustee for Region 6 formed an Official Committee of
Unsecured Creditors in the Chapter 11 cases.  The Committee is
represented by Chamberlain, Hrdlicka, White, Williams & Aughtry,
as counsel.

The Bankruptcy Court confirmed the Debtors' second amended joint
plan of reorganization on Aug. 26, 2013.


HERSHEY OFFICE: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Hershey Office, L.P.
        555 East Chocolate Avenue
        Hershey, PA 17033

Bankruptcy Case No.: 13-04745

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Mary D. France

Debtor's Counsel: Paul C. Bametzreider, Esq.
                  REILLY WOLFSON SHEFFEY SCHRUM & LUNDB
                  1601 Cornwall Road
                  Lebanon, PA 17042-7460
                  Tel: (717) 273-3733
                  Fax: (717) 273-1535
                  E-mail: paulb@leblaw.com

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

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

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

The petition was signed by Daniel D. Sheffey, president of general
partner.


HIGHWOODS PROPERTIES: Fitch Affirms 'BB' Preferred Stock Rating
---------------------------------------------------------------
Fitch Ratings has affirmed the following credit ratings of
Highwoods Properties, Inc. (NYSE: HIW) and its operating
partnership, Highwoods Realty Limited Partnership, (collectively
Highwoods, or the company):

Highwoods Properties, Inc.

-- Issuer Default Rating (IDR) at 'BBB-';
-- Preferred stock at 'BB'.

Highwoods Realty Limited Partnership

-- IDR at 'BBB-';
-- Senior unsecured lines of credit at 'BBB-';
-- Senior unsecured term loans at 'BBB-';
-- Senior unsecured notes at 'BBB-'.

The Rating Outlook is Stable.

Key Rating Drivers

The ratings reflect Highwoods' well-positioned portfolio in the
company's core markets, which is supported by a granular, strong
credit quality tenant base with manageable lease expirations over
the next several years. The company also has good financial
flexibility highlighted by strong fixed charge coverage and
improved access to capital. These strengths are tempered by uneven
operating fundamentals evidenced by negative cash rent roll on
expiring leases and elevated capital expenditures, high adjusted
funds from operations (AFFO) payout ratio, and modest unencumbered
asset coverage of unsecured debt for the rating.

Improved Asset Quality

HIW's portfolio is concentrated in Southeast markets including
Raleigh, where the company is headquartered, as well as Atlanta,
Nashville and Tampa. Highwoods also maintains a small industrial
footprint in Atlanta (that management has indicated it will sell
during 2013) and Piedmont Triad, and retail presence in Kansas
City. These subsectors comprise a modest portion of the overall
enterprise at 4.1% and 6.7% of cash revenue, respectively.
Highwoods has continued to improve asset quality across the
portfolio - Class A properties now comprise 72% compared to 38% at
year-end 2004. Relatedly, in-place rents have increased more than
30% during this span. Fitch views the company's continued
portfolio transition into higher quality properties favorably
given better long-term growth prospects and greater likelihood of
contingent liquidity that can be sourced from these assets.

Strong Fixed Charge Coverage/Adequate Leverage
Fixed charge coverage was 2.3x for the trailing 12 months (TTM)
ended June 30, 2013, flat from the year ended Dec. 31, 2012 but up
from 2.0x for the year ended Dec. 31, 2011. Fitch expects that
coverage will improve modestly and stabilize at 2.4x over the next
12-24 months, which is consistent with a 'BBB' rating.

Leverage at June 30, 2013 was 6.1x and has generally remained in
the 6.0x-6.5x range during the last several years. Fitch expects
that leverage will approach 6.5x at year-end 2013 as the company
increases debt to fund acquisitions and its development pipeline;
however, leverage will likely decline to the low 6.0x range over
the longer term as development projects and new acquisitions
continue to stabilize.

Favorable Tenant Profile

Highwoods has a diverse tenant base with no tenant aside from the
Federal Government (6.8% of cash rent) contributing more than
2.5%. Additionally, 11 of the top 20 tenants are investment grade
and together contribute only 27.5% of cash revenue.

Sustained Negative Rent Rolls

The cash rent trend for HIW's office portfolio has been negative,
as expiring rents with fully-realized rent escalators continue to
see negative mark to market in the current leasing environment.
Despite these rolldowns, the weighted average rental rate across
the portfolio increased nearly 8% year-over-year given contractual
rent escalators and higher in-place rents on acquisitions. Fitch
expects that contractual rent escalators together with improving
occupancy will largely offset continued rent rolldowns over the
next 12-24 months.

Increasing Development Pipeline

Highwoods' development pipeline has seen modest growth since the
downturn. The 1.6% cost to complete the pipeline as a percent of
gross assets is modest; however, the pipeline will grow to
approximately 3% following the announced Met Life development in
Raleigh. The increasing cost to complete the pipeline is mitigated
by the high pre-lease rates that management targets (the current
93% rate will be further supported by the 100% leased Met Life
project), which removes leasing risk inherent in the development
business.

UA/UD Should See Near-Term Improvement

HIW's unencumbered asset coverage of unsecured debt was 1.7x at
the second quarter of 2013 (2Q'13), based on capitalizing
unencumbered net operating income (NOI) at a stressed 9% cap rate.
This level of coverage is adequate for the 'BBB-' rating. Coverage
weakened from 1.9x in 2012 due to the sale of non-core
unencumbered assets as well as the timing impact of recently
acquired properties. Pro forma coverage for recent transactions is
1.8x and Fitch expects that coverage will grow toward 2.0x over
the next 12-24 months as the company continues to unencumber
assets and add newly acquired properties to the unencumbered pool.

High Affo Payout Ratio

Highwoods' year-to-date adjusted funds from operations (AFFO)
payout ratio of 99% is a credit concern. The company maintained
the common dividend level through the downturn while also electing
to pay the common dividend entirely in cash, rather than utilize a
more conservative combination of cash and stock. This high payout
limits Highwoods' ability to generate internal liquidity. An AFFO
payout ratio in excess of 100% is inconsistent with an investment-
grade rating.

Rating Sensitivities

The following factors may have a positive impact on Highwoods'
ratings and/or Outlook:

-- Unencumbered asset coverage of unsecured debt sustaining above
   2.0x (pro forma coverage is 1.8x);

-- Fitch's expectation of leverage sustaining below 6.0x (leverage
   at June 30, 2013 was 6.1x);

-- Maintaining a fixed charge coverage ratio above 2.3x (fixed
   charge coverage was 2.3x for the TTM ended June 30, 2013).

The following factors may have a negative impact on the company's
ratings and/or Outlook:

-- Fitch's expectation of fixed-charge coverage sustaining below
   1.8x;

-- Fitch's expectation of leverage sustaining above 8.0x;

-- Maintaining an AFFO payout ratio above 100%.


HYPERTENSION DIAGNOSTICS: Director Alan Stern Quits
---------------------------------------------------
Alan Stern, resigned as a director of Hypertension Diagnostics,
Inc., on Sept. 12, 2013.  In addition to his service on the
Company's board of directors, Mr. Stern served on the Company's
audit and compensation committees.  Mr. Stern cited no
disagreements with Company in his resignation.

                    About Hypertension Diagnostics

Minnetonka, Minnesota-based Hypertension Diagnostics, Inc., was
previously engaged in the design, development, manufacture and
marketing of proprietary devices.  In August 2011, the Company
sold its medical device inventory, subleased its office and
manufacturing facility, and entered into a limited license
agreement with a company controlled by Jay Cohn, a founder and at
that time, a director of the Company.  In September 2011, the
Company formed HDI Plastics Inc. ("HDIP"), a wholly owned-
subsidiary, leased a facility for warehouse and processing of
recycled plastic, purchased selected manufacturing assets and
began engaging in the business of plastics reprocessing in Austin,
Tex.  On March 29, 2012, the Company ceased operations at the
Austin facility and it is currently seeking to relocate the
processing facility to a new location.

The Company currently has a plan to resume production around
Feb. 1, 2013, assuming adequate capital is obtained to do so.

As reported in the TCR on Oct. 2, 2012, Moquist Thorvilson
Kaufmann & Pieper LLC, in Edina, Minnesota, expressed substantial
doubt about Hypertension's ability to continue as a going concern.
The independent auditors noted that the Company had net losses for
the years ended June 30, 2012, and 2011, and has a stockholders'
deficit at June 30, 2012.

The Company's balance sheet at March 31, 2013, showed $1.06
million in total assets, $2.49 million in total liabilities and a
$1.42 million total shareholders' deficit.


ID PERFUMES: To Stop Developing Selena Gomez Fragrances
-------------------------------------------------------
Selena Gomez and July Moon Productions entered into a Settlement
Agreement and Mutual Release with ID Perfumes, Inc. (f/k/a
Adrenalina), Gigantic Parfums, LLC, and Ilia Lekach in connection
with a Licensing Agreement dated June 14, 2011, between the
parties.  The Licensing Agreement granted ID Perfumes the
worldwide rights to develop fragrances and related products
bearing the Selena Gomez name and likeness for men, women and
children.

With the execution of the Settlement Agreement, the Licensing
Agreement has been terminated and ID Perfumes has no further
right to develop, produce, manufacture, market, distribute or sell
any products that it was otherwise entitled to develop, produce,
manufacture, market, distribute or sell under the Licensing
Agreement.

In consideration for the termination of the Licensing Agreement,
Selena Gomez and July Moon Productions paid ID Perfumes $500,000.
In addition, for a period of five years, ID Perfumes will receive
a royalty equal to one and one-half percent of the Net Sales in
connection with the manufacture or distribution of the Selena
Gomez fragrance line.  Further, ID Perfumes will have 30 days to
use the Perfume Components to sell units of the Gomez Perfume.

ID Perfumes will transfer to Selena Gomez and July Moon
Productions all ownership rights to the molds and technical
drawings produced or manufactured on behalf of ID Perfumes in
connection with the Selena Gomez fragrance line.  Selena Gomez and
July Moon will also acquire from ID Perfumes all raw materials,
work in progress and inventory associated with the Selena Gomez
fragrance line.

The Settlement Agreement releases all parties from any further
obligations under the Licensing Agreement and provides that the
parties will dismiss the pending legal actions in Los Angeles
County Superior Court, Case No. SC120598.

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

                       http://is.gd/c3vm1s

                        About ID Perfumes

ID Perfumes, Inc., manufactures, markets, and distributes
fragrances and fragrance related products.  The company produces
and distributes its fragrance products under license agreements
with Selena Gomez and Adam Levine.  ID Perfumes, Inc., sells it
products to department stores, perfumeries, specialty retailers,
mass-market retailers, and the United States and international
wholesalers and distributors.  It primarily has operations in the
United States, Latin America, and Canada.  The company was
formerly known as Adrenalina and changed its name to ID Perfumes,
Inc., in February 2013. ID Perfumes, Inc., was founded in 2004 and
is headquartered in Hallandale Beach, Florida.

Goldstein Schechter Koch, P.A., in Coral Gables, Florida,
expressed substantial doubt about Adrenalina's ability to continue
as a going concern.  The independent auditors noted that the
Company incurred a net loss of approximately $12,000,000 and
$5,300,000 in 2008 and 2007.  Additionally, the Company has an
accumulated deficit of approximately $20,900,000 and $8,908,000 at
Dec. 31, 2008, and 2007, and is currently unable to generate
sufficient cash flow to fund current operations.

The Company reported a net loss of $12.01 million in 2008,
compared with a net loss of $5.26 million in 2007.  The Company's
balance sheet at March 31, 2013, showed $2.42 million in total
assets, $15.56 million in total liabilities, all current, and a
$13.14 million total shareholders' deficiency.


iGPS COMPANY: Has Until Dec. 30 to Decide on Unexpired Leases
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended
until Dec. 30, 2013, the time for iGPS Company LLC -- now known as
Pallet Company LLC -- to assume or reject unexpired leases of non-
residential real property.

                          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%.

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 M. McGill, Esq., Fan B. He, Esq.,
at White & Case LLP, in Miami, Florida, also represent the Debtor.

The Plan filed in the Debtor's case proposes to transfer to a
liquidation trust all of the remaining assets of the Debtor.
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 canceled on the
effective date.

The Official Committee of Unsecured Creditors is represented by
the law firm of McKenna Long & Aldridge LLP, as its counsel, and
Cole, Schotz, Meisel, Forman & Leonard, P.A., as its Delaware
counsel.  The Committee tapped to retain Emerald Capital Advisors
as its financial advisors.

iGPS received court approval in July to sell the business largely
in exchange for secured debt and filed the liquidating plan based
on a settlement negotiated between the lenders and the unsecured
creditors' committee.

iGPS Logistics LLC, an entity established by the lenders, bought
the business for $2.5 million cash and a commitment to pay all
priority tax claims and claims by workers fired without required
notice.  The lenders agreed to waive their claims.  The buyers are
Balmoral Funds LLC, One Equity Partners LLC, and Jeff and Robert
Liebesman. They purchased the $148.8 million working-capital loan
shortly before bankruptcy.

In September 2013, the Court authorized the Debtor to change its
name to "Pallet Company LLC."


IN PLAY: Disclosure Statement Hearing Set for Nov. 13
-----------------------------------------------------
In Play Membership Golf, Inc., and Eagle Golf Course, LLC, filed
with the U.S. Bankruptcy Court for the District of Colorado a
joint disclosure statement and a second amended joint plan of
reorganization.

The Debtor's golf courses and the golf course of Eagle Mountain
will be sold to Oread Capital and Development for $14 million.
The purchase is subject to Bankruptcy Court approval through a
confirmed Plan which must pay all creditors in full.  The Debtor
will operate Deer Creek Golf Course as a nine hole course
following confirmation.  Stacey A. Hart will remain president of
the Debtor following confirmation of the Plan.  Mr. Hart will
retain his sole ownership interest in the Debtor.  He will receive
a salary of $8,000 a month following confirmation of the Plan.
Mr. Hart's son, Tom Hart, who is not an owner, will receive $8,000
a month in compensation as well.

Class 7 (Allowed Unsecured Creditors) is impaired under the Plan
and will be paid in full plus interest at the rate of 1% per
annum, which will accrue starting on the effective date and
continuing until the closing date for the sale of the Debtor's
real property, at which time, the allowed amount of the Class 7
creditors' claims plus accrued interest will be paid in full.  The
Debtor estimates that unsecured claims listed in its Chapter 11
case total $620,244.

A full-text copy of the Second Amended Disclosure Statement, dated
Sept. 18, 2013, is available for free at:

               http://bankrupt.com/misc/INPLAYds0918.pdf

Hearing on the approval of the Disclosure Statement will be held
on Nov. 13, 2013, at 09:30 AM.

                   About In Play Membership Golf

In Play Membership Golf, Inc., doing business as Deer Creek Golf
Club and Plum Creek Golf and Country Club, filed a Chapter 11
petition (Bankr. D. Col. Case No. 13-14422) in Denver on March 22,
2013.  Jeffrey A. Weinman, Esq., at Weinman & Associates,
P.C., and Patrick D. Vellone at Allen & Vellone, P.C., represent
the Debtor in its restructuring effort.  Allen & Vellone, P.C.
serves as the Debtor's co-counsel.  The Debtor estimated assets
and liabilities of at least $10 million.


INFORMATION RESOURCES: New Debt Facility Gets Moody's B2 Rating
---------------------------------------------------------------
Moody's Investors Service downgraded Information Resources, Inc.'s
Corporate Family Rating to B2, from B1, and assigned a B2 rating
to its new, $667.5 million senior secured credit facility. Upon
closing of the new credit facilities, ratings on the existing
senior secured debt will be withdrawn. The rating outlook is
stable.

Proceeds from the new senior secured credit facilities will be
used to refinance existing debt, and to pay for the acquisition of
Aztec Group, a U.K-headquartered provider of market-measurement
and related services for retailers and liquor and pharmaceutical
manufacturers.

The downgrade of the CFR primarily reflects the significant
increase in financial leverage resulting from the Aztec
acquisition and related integration risks.

The following ratings were assigned:

  Senior Secured Credit Facilities due 2018 and 2020, B2
  (LGD4, 50%)

The following ratings were downgraded

  Corporate Family Rating to B2 from B1

  Probability of Default Rating to B2-PD from B1-PD

Rating Rationale:

The B2 CFR reflects high pro-forma leverage (approximately 6.0x
debt-to-EBITDA, including Moody's standard adjustments) resulting
from the acquisition of Aztec, challenges related to its
integration, and a sluggish top line at IRI itself. As a result,
leverage will improve slowly over the next twelve to 18 months.
Furthermore, although IRI competes with the larger Nielsen
Holdings N.V. in a duopolistic industry structure, IRI's EBITDA
margins are relatively modest.

IRI's clients are disciplined cost managers that face
consolidation pressure, which creates contract-renewal risk and
pricing pressure for IRI. The rating is supported by long-term
contracts with customers, creating predictable revenue streams,
high barriers to entry from historical product data and in-place
data collection processes, and limited technology risks. Moody's
expects 2014 revenue growth at IRI in the low single digits,
primarily from the impact of the Aztec acquisition, which will
increase geographic, product, and customer diversification.
Revenue improvement could be meaningfully higher (as could EBITDA
margins) if customers respond favorably to the significantly
enhanced data offering IRI can now provide from the Walmart
partnership, the upfront costs for which are now fully behind the
company.

The ratings could be upgraded if the company demonstrates
significant top line growth, improving credit metrics, and a
commitment to conservative financial policies such that Moody's
comes to expect debt-to-EBITDA and free-cash-flow-to-debt to be
sustained at about 4.5x and 5%, respectively. Alternatively, the
ratings could be downgraded if liquidity deteriorates or
profitability weakens such that Moody's comes to expect debt-to-
EBITDA to be sustained at or above approximately 6.5x, or free-
cash-flow-to-debt measuring in the low-single-digit percentages.

Information Resources, Inc. (IRI) provides market measurement data
and related services to consumer packaged goods and health care
manufacturers in the U.S. and Western Europe. IRI is majority
owned by affiliates of New Mountain Capital. Pro-forma for the
September 2013 acquisition of Aztec, IRI's 2013 revenue should be
close to $900 million

The principal methodology used in this rating was Global Business
& Consumer Service Industry Rating Methodology published in
October 2010. Other methodologies used include Loss Given Default
for Speculative-Grade Non-Financial Companies in the U.S., Canada
and EMEA published in June 2009.


INNOVIDA HOLDINGS: Miami Exec Gets 12.5 Years for $40-Mil. Scam
---------------------------------------------------------------
Law360 reported that a Florida federal judge handed down a 150-
month sentence on Sept. 18 to Miami businessman Claudio Osorio,
who earlier this year pled guilty to conning investors of bankrupt
InnoVida Holdings LLC out of $40 million, and ordered him to pay
about $20 million in restitution.

According to the report, U.S. District Judge William Dimitrouleas
said he was prepared to give a harsher punishment, as the evidence
against Osorio -- InnoVida's president, owner and majority
shareholder -- was overwhelming and he did not see the degree of
cooperation mentioned in a plea agreement.

The case is USA v. Eleazar Osorio et al., Case No. 1:12-cr-20901
(S.D. Fla.).

                   About InnoVida and Osorio

Receiver Mark S. Meland, at Meland Russin & Budwick, PA, filed a
Chapter 11 petition for InnoVida Holdings, LLC, fdba COEG, LLC
(Bankr. S.D. Fla. Case No. 11-17702) on March 24, 2011.  Separate
Chapter 11 petitions were filed for these affiliates: InnoVida
MRD, LLC (Case No. 11-17704), InnoVida Services, Inc. (Case No.
11-17705), and InnoVida Southeast, LLC (Case No. 11-17706).  Peter
D. Russin, Esq., at Meland Russin & Budwick, P.A., serves as
bankruptcy counsel.  InnoVida Holdings has under $50,000 in assets
and $10 million to $50 million in debts, according to the
petition.

Founder Claudio Eleazar and Amarilis Osorio filed a separate
Chapter 11 petition (Bankr. S.D. Fla. Case No. 11-17075) on
March 17, 2011.  Mr. Osorios is being accused of fraud and
mismanagement.

Bankruptcy Judge Robert A. Mark in Miami authorized the
appointment of Mark S. Meland as trustee for InnoVida.
Mr. Meland, who had been serving as a receiver for the business in
the wake of the allegations against Mr. Osorio, was the one who
ushered InnoVida into bankruptcy.  Soneet Kapila, Fort Lauderdale
accountant and court-appointed fiduciary, was named new Chapter 7
trustee for the case of Claudio Osorio, replacing Chapter 11
trustee Mark Meland.  The appointment came after Mr. Osorio's
Chapter 11 cases was converted to Chapter 7 liquidations.


INTELLICELL BIOSCIENCES: Issues 6.8MM Add'l Shares to Hanover
-------------------------------------------------------------
Intellicell Biosciences, Inc., on Sept. 16, 2013, issued and
delivered to Hanover another 6,800,000 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 May 21, 2013, in the matter entitled Hanover Holdings I, LLC v.
Intellicell Biosciences, Inc., Case No. 651709/2013.

Hanover commenced the Action against the Company on May 10, 2013,
to recover an aggregate of $706,765 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.

On May 23, 2013, the Company issued and delivered to Hanover
8,500,000 shares of the Company's common stock, $0.001 par value.

Between June 17, 2013, and Aug. 7, 2013, the Company issued and
delivered to Hanover an aggregate of 43,466,171 additional
settlement shares pursuant to the terms of the Settlement
Agreement approved by the Order.

A copy of the Form 8-K is available for free at:

                       http://is.gd/XneRRw

                  About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

Intellicell disclosed a net loss of $4.15 million on $534,942 of
revenues for the year ended Dec. 31, 2012, as compared with a net
loss of $32.83 million on $99,192 of revenues during the prior
year.  The Company's balance sheet at Dec. 31, 2012, showed $3.93
million in total assets, $8.07 million in total liabilities and a
$4.13 million total stockholders' deficit.

In their report dated Sept. 13, 2013, Rosen Seymour Shapss Martin
& Company LLP stated that the Company's financial statements for
the fiscal years ended Dec. 31, 2012, and 2011, were prepared
assuming that the Company would continue as a going concern.  The
Company's ability to continue as a going concern is an issue
raised as a result of the Company's recurring losses from
operations and its net capital deficiency.  The Company continues
to experience net operating losses.  The Company's ability to
continue as a going concern is subject to its ability to generate
a profit.


JAMES RIVER: To Swap $19.3 Million New Notes for Tendered Notes
---------------------------------------------------------------
James River Coal Company announced the final results of its
offers to exchange (i) up to $31.739 million aggregate principal
amount of its 10.00 percent Convertible Senior Notes due 2018 for
any and all of its outstanding 4.50 percent Convertible Senior
Notes due 2015 and (ii) up to $22.705 million aggregate principal
amount of its New Notes for any and all of its outstanding 3.125
percent Convertible Senior Notes due 2018.  The exchange offers
expired at 5:00 p.m., New York City time, on Sept. 18, 2013.

U.S. Bank National Association, the exchange agent and information
agent for the exchange offers, advised the Company that, as of the
expiration date, $3.9 million aggregate principal amount of the
Existing 2015 Notes and $38.3 million aggregate principal amount
of the Existing 2018 Notes had been validly tendered for exchange
and not withdrawn, representing approximately 7.6 percent and 74.2
percent of the Existing 2015 Notes and Existing 2018 Notes,
respectively.  A total of $19.3 million of New Notes will be
issued in exchange for those tendered notes.  A total of $47.3
million principal amount of Existing 2015 Notes and $13.3 million
principal amount of Existing 2018 Notes will remain outstanding
after completion of the exchange offer.

The Company expects that the settlement of the exchange offers
will occur on Sept. 23, 2013.  The Company will pay in cash all
accrued and unpaid interest on Existing 2015 Notes and Existing
2018 Notes accepted for exchange up to but excluding the
settlement date.

                          About James River

Headquartered in Richmond, Virginia, James River Coal Company
(NasdaqGM: JRCC) -- http://www.jamesrivercoal.com/-- mines,
processes and sells bituminous steam and industrial-grade coal
primarily to electric utility companies and industrial customers.
The company's mining operations are managed through six operating
subsidiaries located throughout eastern Kentucky and in southern
Indiana.

James River reported a net loss of $138.90 million in 2012,
as compared with a net loss of $39.08 million in 2011.  The
Company's balance sheet at March 31, 2013, showed $1.16 billion in
total assets, $944.75 million in total liabilities and $215.26
million in total shareholders' equity.

                           *     *     *

In the May 24, 2013, edition of the TCR, Moody's Investors Service
downgraded James River Coal Company's Corporate Family Rating to
Caa2 from Caa1.

"While the company continues to take actions to reposition
operations and shore up its balance sheet, we expect external
factors will preclude James River from maintaining credit measures
and liquidity consistent with the Caa1 rating level," said Ben
Nelson, Moody's lead analyst for James River Coal Company.

As reported by the TCR on Nov. 19, 2012, Standard & Poor's Ratings
Services raised its corporate credit rating on Richmond, Va.-based
James River Coal Co. to 'CCC' from 'SD' (selective default).

"We raised our rating on James River Coal because we understand
that the company has stopped repurchasing its debt at deep
discounts, for the time being," said credit analyst Megan
Johnston.


JEH COMPANY: Oct. 9 Hearing on Exclusivity Extension
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas will
convene a hearing on Oct. 9, 2013, at 1:30 p.m., to consider JEH
Company, et al.'s motion for exclusivity extension.  Objections,
if any, are due Oct. 3.

The Debtors requested that the Court extend their exclusivity
periods to file a chapter 11 plan until Dec. 20, 2013, and solicit
acceptances for the plan until Feb. 20, 2014.

                        About JEH Company

JEH Company, JEH Stallion Station, Inc., and JEH Leasing Company,
Inc. filed bare-bones Chapter 11 petitions (Bankr. N.D. Tex. Case
Nos. 13-42397 to 13-42399) in Ft. Worth, Texas on May 22, 2013.
Mark Joseph Petrocchi, Esq., at Griffith, Jay & Michel, LLP, in
Ft. Worth, serves as counsel to the Debtors.

JEH Company was organized in 1982 by Jim and Marilyn Helzer.
According to http://www.jehroofingcompany.com/,JEHCO buys roofing
material directly from the manufacturer and sell it to
contractors, builders, and homeowners.  JEH Leasing owns and
leases equipment and vehicles primarily for use in the business of
JEHCO.  Stallion is in the quarter horse and thoroughbred horse
business.

JEH Company disclosed $13,606,753 in assets and $18,351,290 in
liabilities as of the Chapter 11 filing.

No examiner or official committee of unsecured creditors has been
appointed in this bankruptcy case.


KAHN FAMILY: Court Extends Plan Exclusivity Until Oct. 21
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina
extended until Oct. 21, 2013, its exclusive periods to file and
solicit acceptances for the Chapter 11 Plan.

As reported in the Troubled Company Reporter on Sept. 6, 2013, the
Debtor said it needed more time to identify all claims and
potential claims on the schedules.  The bar date in the Chapter 11
case was Aug. 22, and the bar date for governmental units is
Oct. 21.

Kahn Family, LLC, and Kahn Properties South, LLC, filed bare-bones
Chapter 11 petitions (Bankr. D. S.C. Case Nos. 13-02354 and
13-02355) on April 22, 2013.  Kahn Family disclosed $50 million to
$100 million in assets and liabilities.  R. Geoffrey Levy, Esq.,
at Levy Law Firm, LLC, serves as the Debtors' counsel.


KIDSPEACE CORP: Has Until Dec. 17 to Decide on Unexpired Leases
---------------------------------------------------------------
The Hon. Richard E. Fehling of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania extended until Dec. 17, 2013,
KidsPeace Corporation, et al.'s time to assume or reject non-
residential real property leases.

As reported in the Troubled Company Reporter on Sept. 5, 2013, the
Debtors requested that the Court extend until Dec. 17, 2013, the
period of time within which the Debtors may assume or reject non-
residential real property leases.

There are 31 leases involving property at different locations
throughout the county.  The Debtors, according to Joseph R.
Zapata, Jr., Esq., at NORRIS, McLAUGHLIN & MARCUS, PA, in
Allentown, Pennsylvania, need additional time to review the needs
of the Debtors at those locations and assess the benefit of the
respective Leases.

In addition, since the Petition Date, the Debtors have been
actively engaged in discussions with the Pension Benefit Guaranty
Corporation and the Official Committee of Unsecured Creditors.
Pending a resolution with the PBGC and the Committee and the
filing of plan of reorganization, the Debtors are unable to
determine which Leases will be a necessary part of the
reorganization and thus beneficial to the estate, Mr. Zapata tells
the Court.

The Debtors said they understand the need to continue to make the
post-petition rental payments on the Leases, and expect to
continue to do so unless and until any lease is formally rejected.

                      About KidsPeace Corp.

KidsPeace Corp., a provider of behavioral services for children,
filed a petition for Chapter 11 reorganization (Bankr. E.D. Pa.
Case No. 13-14508) on May 21, 2013, in Reading, Pennsylvania.

KidsPeace operates a 96-bed pediatric psychiatric hospital in
Orefield, Pennsylvania.  Assets are $86.7 million, and debt on the
books is $158.6 million, according to a court filing.

The Debtor, which sought bankruptcy protection with eight
affiliates, tapped Norris McLaughlin & Marcus, P.A. as counsel;
EisnerAmper LLP as financial advisor, and Rust Omni as claims and
notice agent.

Assets total $158,587,999 at the end of 2012.  The Debtors owe
approximately $56,206,821 in bond debt, and they have been told
that their pension liability is allegedly about $100,000,000 of
which the Debtors currently reflect $83,049,412 on their books.

KidsPeace sought Chapter 11 (i) as a means to implement a
negotiated restructuring of bond debt currently aggregating
approximately $51,310,000 plus accrued interest to a reduced
amount of approximately $24 million in new 30-year bonds with
interest at 7.5 percent, and (ii) to continue on-going
negotiations with the Pension Benefit Guaranty Corporation  in
hopes of reducing the PBGC asserted obligation of $100+ million to
an amount that the Debtors can reasonably expect to satisfy.

The Debtor disclosed $157,930,467 in assets and $168,768,207 in
liabilities as of the Chapter 11 filing.

Since March 2012, MK has been exploring possible affiliation or
acquisition opportunities; however, no offer of an affiliation or
acquisition has been presented to the Debtors.

Gemino Healthcare Finance, LLC, the prepetition revolving lender,
is represented by James S. Rankin, Jr., Esq., at Parker, Hudson,
Rainer & Dobbs LLP; and Weir & Partners LLP's Walter Weir, Jr.,
Esq.

UMB Bank, N.A., on behalf of bondholders, Performance Food Group
d/b/a AFI, W.B. Mason Co., Inc., Pension Benefit Guaranty
Corporation, and Teresa Laudenslager were appointed to an official
committee of unsecured creditors in the Debtors' cases.  The
Official Committee of Unsecured Creditors is represented by
Fitzpatrick Lentz & Bubba, P.C., and Lowenstein Sandler LLP as
counsel.  FTI Consulting, Inc. serves as the panel's financial
advisor.


KRESTON TLSR: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Kreston TLSR, LLC
        P.O. Box 270233
        San Juan, PR 00927

Bankruptcy Case No.: 13-07612

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Enrique S. Lamoutte Inclan

Debtor's Counsel: Gloria M. Justiniano Irizarry, Esq.
                  JUSTINIANO'S LAW OFFICE
                  Ensanche Martinez
                  8 Dr. A Ramirez Silva
                  Mayaguez, PR 00680-4714
                  Tel: (787) 831-2577
                  Fax: (787) 805-7350
                  E-mail: gloriae55amg@yahoo.com

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

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

Affiliate that simultaneously filed for Chapter 11:

        Debtor                     Case No.
        ------                     --------
Tosari Realty Inc.                 13-07613
  Assets: $500,001 to $1,000,000
  Debts: $1,000,001 to $10,000,000

The petitions were signed by Frank Sanchez Ruiz, managing partner.

A. Kreston TLSR, LLC's list of its 20 largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/prb13-07612.pdf

B. Tosari Realty, Inc.'s list of its seven largest unsecured
creditors filed with the petition is available for free at:
http://bankrupt.com/misc/prb13-07613.pdf


LAKELAND INDUSTRIES: Clarifies Statements Made in the Media
-----------------------------------------------------------
Lakeland Industries, Inc., responded to recent inquiries of
shareholders and investment articles surrounding the junior and
senior financing transactions completed by the Company in June
2013.

The per annum interest rate on the Company's senior credit
facility of $15 million with Alostar Business Credit, a division
of Alostar Bank of Commerce, is LIBOR plus 525 basis points (with
a floor of 6.25 percent).  Since the applicable per annum LIBOR
rate is lower than 0.5 percent, the current effective per annum
interest rate on the senior debt is 6.25 percent.

As a condition precedent of the senior loan, the Company was
required to obtain a $3.5 million subordinated loan.  The Company
secured a junior loan with LKL Investments, an affiliate of Arenal
Capital, which provides for per annum interest at the rate of 12
percent through Dec. 27, 2016, and the issuance to the junior
lender of a common stock warrant to purchase 566,015 shares of the
common stock of the Company at $.01 per share.  The overall per
annum rate of return of the entire $3.5 million junior debt
financing, taking into account the 12 percent interest rate and
assuming a three year exit on the warrant, is approximately 30
percent.

Being that the junior loan was a condition of the senior financing
transaction, the Company has calculated a blended per annum rate
of the loans of approximately 10 to 11 percent based upon certain
reasonable assumptions, including the relative size of the two
loans and attributing a value to the warrant based upon the market
price of the common stock.

In addition, as part of the junior financing, the junior lender
was given the right to elect one director to the Board of
Directors of the Company commencing with the Company's annual
meeting of stockholders in 2014.  Accordingly, no representative
of the junior lender is currently a member of the Board of
Directors of the Company.

On Sept. 13, 2013, the Company hired Eduardo Tavares as the
executive in charge of its wholly-owned subsidiary, Lakeland
Brasil S.A.  Mr. Tavares is primarily responsible for running the
Company's Brazilian operations.  Mr. Tavares was hired by the
Company for his experience in turning-around distressed companies
in Brazil, including companies which operate in the same markets
as does Lakeland Brazil.  Mr. Tavares also has extensive knowledge
of the Company's customer base and its competitors.

                     About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, compared with a net
loss of $376,825 on $96.3 million of sales for the year ended
Jan. 31, 2012.  The Company's balance sheet at July 31, 2013,
showed $86 million in total assets, $35.38 million in total
liabilities and $50.62 million in total stockholders' equity.


LEHMAN BROTHERS: Spars with Mich. Housing Authority Over Swap Deal
------------------------------------------------------------------
Law360 reported that attorneys for Lehman Brothers Holdings Inc.
and the Michigan State Housing Development Authority on Sept. 18
battled in court over the method for calculating what the agency
owed Lehman following the termination of a swap agreement in 2008.

According to the report, the long-standing dispute stemmed from 20
interest rate swaps MSHDA entered into with a Lehman unit in 2000.
Under the agreement, either party could terminate the deal if the
other party defaulted, the report related.  When Lehman did just
that as a result of its bankruptcy, the housing authority ended
the agreement, the report further related.

                        About Lehman Brothers

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

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

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

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

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

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

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

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

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

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


LIGHTSQUARED INC: Battles with Lenders Over Auction Rules
---------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that the fight over who will conduct the bankruptcy auction of
LightSquared is heating up as companies tied to hedge fund manager
Phil Falcone and Dish Network's Charlie Ergen vie over the fate of
the troubled wireless venture.

According to the report, in a flurry of court filings on the night
of Sept. 17 and the morning the following day, LightSquared's
potential bidders -- two groups of lenders -- squared off with
LightSquared and its owner, Mr. Falcone's Harbinger Capital, over
their competing auction proposals, each side claiming the other's
proposal would put their rivals in position to take control of the
company.

A subsidiary of Dish has already bid $2.2 billion for
LightSquared's wireless spectrum assets. Creditors U.S. Bancorp
and MAST Capital Management have also teamed and plan to "credit
bid" -- or to use some of the company's debt it controls -- to
purchase another spectrum controlled by LightSquared, the report
related.

The two lender groups have agreed that Dish's $2.2 billion offer
should serve as the stalking horse, or lead bid, for one set of
wireless spectrum assets, the report added.  Dish would $66
million break-up fee if its offer is topped by a rival bidder. The
U.S. Bank-MAST lenders, owed some $322.3 million, would serve as
the stalking horse for the other spectrum assets.

LightSquared, which is controlled by Phil Falcone and his
Harbinger Capital Partners hedge fund firm, says those procedures
are "self-serving" and designed to ensure that only one bidder,
namely Dish, will emerge victorious at the auction, the report
further related.

                      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.


MAGIC POWERBOATS: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Magic Powerboats, LLC
          dba CMS Powerboats
              Cougar Magic Sleek
              Cougar Custom Boats
              Magic
              Sleekcraft
        1070 Gauge Drive
        Lake Havasu City, AZ 86403

Bankruptcy Case No.: 13-16036

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       District of Arizona (Yuma)

Judge: Eileen W. Hollowell

Debtor's Counsel: Kelly G. Black, Esq.
                  KELLY G. BLACK, PLC
                  1152 E. Greenway Street, Suite 4
                  Mesa, AZ 85203-4360
                  Tel: (480) 639-6719
                  Fax: (480) 639-6819
                  E-mail: kgb@kellygblacklaw.com

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

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

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

The petition was signed by Tony D. Poore, president/member.


MARKET CENTER EAST: 10th Cir. Vacates Lurie and Park Fee Ruling
---------------------------------------------------------------
Market Center East Retail Property, Inc. appeals from the
Bankruptcy Appellate Panel, which affirmed the bankruptcy court's
award of attorney's fees to Barak Lurie and his firm, Lurie &
Park.  Lurie was Market Center's attorney in completing the sale
of a retail shopping center to Lowe's Home Center.  The bankruptcy
court awarded Lurie $350,752.06 in attorney's fees. The BAP
affirmed.  Market Center argues that the bankruptcy court erred in
calculating the amount of attorney's fees because the bankruptcy
court should have used the lodestar approach in its calculations,
that the 11 U.S.C. Sec. 330(a)(3) factors are an exhaustive list
of factors that the bankruptcy court is required to consider, and
that Congress intended 11 U.S.C. Sec. 330(a) to be construed
consistently with case law for awarding attorney's fees under
federal fee-shifting statutes such as 42 U.S.C. Sec. 1988.

According to the U.S. Court of Appeals for the Tenth Circuit,
"While we do not agree with Market Center in all regards, we
nonetheless reverse and remand."  A copy of the Tenth Circuit's
decision dated Sept. 19 is available at http://is.gd/h9j02Jfrom
Leagle.com.

Market Center owned a retail shopping center in Albuquerque, New
Mexico. In August 2008, Market Center entered into a contract to
sell the shopping center to Lowe's for $13.5 million. Lowe's paid
a deposit of $105,000, and closing of the transaction was
scheduled for February 2009. In December 2008, Lowe's informed
Market Center that it would not complete the transaction, blaming
the bad economy.

In February 2009, Danny Lahave, the president and sole shareholder
of Market Center, met with Barak Lurie of the California law firm
Lurie & Park to discuss filing suit against Lowe's for abandoning
its commitment to purchase the shopping center.  In discussing
compensation, Lurie proposed that it be paid at its customary rate
of $395 per hour, while Lahave proposed that Lurie be paid a
contingency fee. After negotiation, the two parties entered into
an agreement that provided Lurie would be paid at the rate of $200
per hour, plus a contingency fee equal to 15% of any sums
recovered in damages or the purchase price of the shopping center
occurring 90 days or earlier before the date first set for trial.
Mr. Lahave and Lurie both believed that a settlement in the range
of $200,000 was the maximum amount that they could reasonably
expect to recover from Lowe's because of a liquidated damages
provision contained in the purchase contract.  Mr. Lahave, who was
acting with the assistance of his transactions attorney Robert
Diener, and Lurie entered into a Retainer Agreement on February 3,
2009.

On Feb. 23, 2009, Lurie filed suit on behalf of Market Center
against Lowe's alleging among other claims, breach of contract,
breach of the covenant of good faith and fair dealing, fraud in
the inducement, and negligent misrepresentation.  On April 20,
2009, Lowe's offered to purchase the shopping center for $7.5
million.

Market Center then, on April 22, 2009, filed a petition for
Chapter 11 relief. The bankruptcy court found as a matter of fact
that Market Center and Danny Lahave, the president and sole
shareholder of Market Center, knowingly misled Lurie by failing to
inform Lurie of the anticipated filing of a bankruptcy petition.
On June 10, 2009, Market Center filed an application with the
bankruptcy court to employ Lurie to continue to pursue the action
against Lowe's on the terms agreed to prior to the bankruptcy
filing.  The application referenced the fee arrangement between
the two parties.  Orix Capital Market and the Office of the United
States Trustee both filed objections to the application, but both
objections were quickly resolved. However, Market Center never
submitted a proposed order approving the employment of Lurie to
the bankruptcy court, nor did the bankruptcy court ever issue an
order adopting a pre-employment contract pursuant to 11 U.S.C.
Sec. 328.

On Nov. 6, 2009, Market Center secured an order from the
bankruptcy court authorizing the sale of the shopping center to
Lowe's, pursuant to a settlement agreement between Market Center
and Lowe's in which Lowe's agreed to purchase the shopping center
for $9.75 million (down from Lowe's original purchase price of
$13.5 million).  The purchase price paid for the shopping center
would allow all creditors to be paid in full, along with a
remainder to be returned to Market Center. The bankruptcy court
found that Lurie spent a total of 43.75 hours in its work for
Market Center.

After the bankruptcy court's approval of the settlement and sale
of the shopping center to Lowe's, Market Center sought to withdraw
its application to employ Lurie. Lurie objected to the withdrawal.
In January 2010, the bankruptcy court approved a Stipulated
Employment Order that was filed by Lurie and Market Center
pursuant to 11 U.S.C. Sec. 327(e). The order stated that Lurie was
entitled to an administrative claim for professional services
rendered on and after June 10, 2009.  However, the parties
disputed: 1) the terms and amount of Lurie's compensation, and 2)
Lurie's entitlement to compensation for services between April 22,
2009 (the date Market Center's bankruptcy petition was filed) and
June 10, 2009 (the date the application to employ Lurie was
filed). The Stipulated Employment Order left the amount of
compensation to be determined by the bankruptcy court pursuant to
11 U.S.C. Sec. 330.

Lurie sought compensation in excess of $1.47 million, which is
based on a 15% contingency fee on the $9.75 million sales price of
the shopping center to Lowe's, plus hourly fees and costs, as well
as $9,345.08 in fees, costs, and taxes associated with resisting
Market Center's motion to withdraw its application for Lurie's
employment. In response, Market Center argued that Lurie's claim
should be $17,500, which is calculated as $28,000 (70 billable
hours at $400 per hour) less $10,500 already paid. The bankruptcy
court found on July 2, 2010, that "the withdrawal of the Barak
Lurie employment application was done in complete bad faith on the
part of Mr. Lahave."

In an opinion filed on March 30, 2011, the bankruptcy court
determined that Lurie is owed $350,752.06 in fees and expenses,
which was calculated based on 15% of $2.25 million (the difference
between the $9.75 million that Lowe's paid for the shopping center
and the $7.5 million that Lowe's had initially offered in
settlement proceedings), plus an hourly rate of $200 per hour for
Lurie's professional services, plus Lurie's attorney's fees to
date in disputing the claim.

The BAP affirmed the bankruptcy court's calculation of fees and
expenses, and rejected Market Center's argument that the
bankruptcy court erred in awarding Lurie a contingent fee based
upon 15% of $2.25 million.

On appeal to the Tenth Circuit, Market Center raises three issues:

     (1) whether the bankruptcy court's and the BAP's construction
of 11 U.S.C. Sec. 330 to permit the bankruptcy court, in its
discretion, to award a contingent fee, rather than determining a
fee based on the lodestar, is consistent with the language and
intent of 11 U.S.C. Sec. 330 and with the case law construing
11 U.S.C. Sec. 330;

     (2) whether both the bankruptcy court and the BAP erred as a
matter of law in concluding that the factors listed in 11 U.S.C.
Sec. 330(a)(3) for determining a reasonable attorney's fee in a
bankruptcy proceeding are a "non-exclusive list" of factors which
the bankruptcy court is free to consider, or not consider, in its
discretion; and

     (3) whether Congress intended that 11 U.S.C. Sec. 330(a)(3)
be construed consistently with the case law for determining a
"reasonable attorney's fee" under the federal fee-shifting
statutes such as 42 U.S.C. Sec. 1988.

The appellate case is, MARKET CENTER EAST RETAIL PROPERTY, INC.
Appellant, v. BARAK LURIE; LURIE AND PARK, Appellees, No. 12-2053
(10th Cir.).

Jane B. Yohalem, Esq., in Santa Fe, New Mexico, serves as Special
Appellate Counsel for the Debtor.

James L. Rasmussen, Esq., and Deron B. Knoner, Esq. --
jlr@keleher-law.com and dbk@keleher-law.com -- at Keleher &
McLeod, P.A., Albuquerque, New Mexico, represent Lurie.

The appellate case is before Chief Judge Mary Beck Briscoe, who
wrote the opinion, and Circuit Judges Neil Gorsuch and Scott
Matheson Jr.


MEADOWBROOK INSURANCE: Enters Into Bank Credit Facility Amendment
-----------------------------------------------------------------
Meadowbrook Insurance Group, Inc. on Sept. 20 disclosed that it
has entered into an amendment of its bank credit facility.  Among
other things, the Amendment reduces the available revolving credit
commitments under the Facility and modifies certain covenants to
resolve technical defaults that arose in connection with the
Company's goodwill impairment taken in the second quarter of this
year.  As a result of the Amendment, the Company is now in
compliance with all financial and other covenants under the
Facility.

Karen M. Spaun, the Company's Chief Financial Officer, stated: "We
are pleased with the amendment to our credit facility.  With
$498.0 million of statutory surplus, growth in profits from our
net commission and fees, achieved rate increases in excess of loss
ratio trends across our core business, and the implementation of
our policy issuance agreement, which provides the Company with the
use of an "A" rated policy issuance company for a portion of its
business, we believe the Company is in a strong financial position
to return to profitability."

                 About Meadowbrook Insurance Group

Based in Southfield, Michigan, Meadowbrook Insurance Group, Inc.
-- http://www.meadowbrook.com-- is a provider in the specialty
program management market.  Meadowbrook includes several agencies,
claims and loss prevention facilities, self-insured management
organizations and six property and casualty insurance underwriting
companies.  Meadowbrook has twenty-eight locations in the United
States.  Meadowbrook is a risk management organization,
specializing in specialty risk management solutions for agents,
professional and trade associations, and small to medium-sized
insureds.


MGM RESORTS: Tracinda Held 18.6% Equity Stake at Sept. 17
---------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission, Tracinda Corporation and Kirk Kerkorian
disclosed that as of Sept. 17, 2013, they beneficially owned
91,173,744 shares of common stock of MGM Resorts International
representing 18.6 percent of the shares outstanding.

On March 13, 2013, Tracinda filed with the Federal Trade
Commission a Notification pursuant to the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, and the rules
promulgated thereunder in connection with its potential purchases
of additional shares of common stock either in the open market or
directly from third parties.  Since making that filing, Tracinda
has made no purchases of Common Stock.

"Tracinda monitors its investment in the Company by, among other
things, contacting Company management to address operations and
market conditions," Tracinda said in the regulatory filing.
"Tracinda continues to believe that there is substantial value in
the assets of MGM Resorts and that the Company is a good long-term
investment."

Tracinda complies with the Company's Securities Trading Policy
and, therefore, may generally trade Common Stock only during
"trading windows" established by the Company.  The next trading
window is expected to open on the third trading day following
issuance of the Company's earnings release for the quarter ended
Sept. 30, 2013.

A copy of the regulatory filing is available for free at:

                       http://is.gd/MF51jZ

                        About MGM Resorts

MGM Resorts International (NYSE: MGM) --
http://www.mgmresorts.com/-- has significant holdings in gaming,
hospitality and entertainment, owns and operates 15 properties
located in Nevada, Mississippi and Michigan, and has 50 percent
investments in four other properties in Nevada, Illinois and
Macau.

MGM Resorts reported a net los attributable to the Company of
$1.76 billion in 2012 as compared with net income attributable to
the Company of $3.11 billion in 2011.   The Company's balance
sheet at March 31, 2013, showed $26.05 billion in total assets,
$18.17 billion in total liabilities, and $7.87 billion in total
stockholders' equity.

                         Bankruptcy Warning

"We have a significant amount of indebtedness maturing in 2015 and
thereafter.  Our ability to timely refinance and replace such
indebtedness will depend upon the foregoing as well as on
continued and sustained improvements in financial markets.  If we
are unable to refinance our indebtedness on a timely basis, we
might be forced to seek alternate forms of financing, dispose of
certain assets or minimize capital expenditures and other
investments.  There is no assurance that any of these alternatives
would be available to us, if at all, on satisfactory terms, on
terms that would not be disadvantageous to us, or on terms that
would not require us to breach the terms and conditions of our
existing or future debt agreements.

"Our ability to comply with these provisions may be affected by
events beyond our control.  The breach of any such covenants or
obligations not otherwise waived or cured could result in a
default under the applicable debt obligations and could trigger
acceleration of those obligations, which in turn could trigger
cross defaults under other agreements governing our long-term
indebtedness.  Any default under our senior credit facility or the
indentures governing our other debt could adversely affect our
growth, our financial condition, our results of operations and our
ability to make payments on our debt, and could force us to seek
protection under the bankruptcy laws," the Company said in its
annual report for the year ended Dec. 31, 2012.

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Oct. 15, 2012, Fitch Ratings has
affirmed MGM Resorts International's (MGM) Issuer Default Rating
(IDR) at 'B-' and MGM Grand Paradise, S.A.'s (MGM Grand Paradise)
IDR at 'B+'.


MIH PARENT: S&P Assigns 'B-' Corp. Credit Rating; Outlook Positive
------------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B-'
corporate credit rating to MIH Parent Inc.  The outlook is
positive.

S&P also assigned a 'B' issue-level rating with a recovery rating
of '2' to the company's $50 million senior secured revolving
credit facility and $490 million first-lien term loan.  The '2'
recovery rating indicates expectations for substantial (70% to
90%) recovery of principal in the event of default.  In addition,
S&P assigned a 'CCC' issue-level rating with a '6' recovery rating
to the company's $245 million senior secured second-lien term
loan.  The '6' recovery rating indicates expectations for
negligible (0% to 10%) recovery of principal in the event of
default.

The company is using the loan proceeds together with management's
rollover and sponsor's equity contribution to fund the
approximately $1.1 billion purchase of Mitchell, including
refinancing existing debt.

"The ratings on Mitchell reflect the company's weak business
profile, characterized by its narrow addressable market and modest
revenue base, and its highly leveraged financial profile," said
Standard & Poor's credit analyst Katarzyna Nolan.

The company's solid market position, highly visible revenue base,
high barriers to entry, and modest positive free cash flow
partially offset these factors.

The positive outlook reflects S&P's view that the company's
adjusted leverage will decrease over the next 12 months, toward
the mid-7x area, mainly as a result of debt reduction and modest
EBITDA growth.

S&P would revise the outlook to stable if acquisitions, dividends,
or a loss of a major customer forestalled the expected reduction
in leverage.

S&P could raise the rating if the company reduces its adjusted
leverage to the mid-7x area in 2014 and if we expect ongoing
leverage improvement.


MJM MANAGEMENT: Lender May Proceed With Foreclosure Case
--------------------------------------------------------
Los Angeles Bankruptcy Judge Thomas B. Donovan said the automatic
stay imposed in the Chapter 11 case of MJM MANAGEMENT, LLC, will
be lifted 30 days from entry of the Court's order to allow lender
EH National Bank, f/k/a/ Excel National Bank to enforce all of its
rights and remedies under state law, including foreclosure and
seeking appointment of a state court receiver.

The Debtor is a borrower under a 2006 loan agreement, which is
currently approximately $2,200,000, plus accrued default interest,
late charges, and other fees and costs.  The loan is secured by a
first deed of trust on the a hotel on real property located at
1770 Orchid Avenue, Los Angeles, California 90028, which is the
Debtor's sole asset, along with a security interest in certain
collateral, including all rents, profits and issues, cash, money,
deposit accounts, and other general tangible and intangible
personal property from the Property.

Within two years prior to the bankruptcy filing, the Debtor also
has encumbered the Hotel with numerous liens and deeds of trust to
individuals.

The Debtor first filed a chapter 11 petition (Bankr. C.D. Calif.
Case No. 13-11161) on Jan. 15, 2013.  That case was subsequently
dismissed voluntarily by the Debtor after the United States
Trustee filed a Motion Under 11 U.S.C. Sec. 1112(b)(1) to Convert,
Dismiss or Appoint a Chapter 11 Trustee With An Order Directing
Payment of Quarterly Fees and For Judgment Thereon.  The Order
dismissing the Prior Bankruptcy was entered on March 8, 2013.

The Debtor filed its second Chapter 11 petition (Bankr. C.D.
Calif. Case No. 13-28734) on July 24, 2013, after lender EXB
obtained appointment of a receiver in a state court foreclosure
action.  The second filing staved off a foreclosure sale that had
been scheduled for Aug. 8, 2013.

A copy of the Bankruptcy Court's Sept. 17 Findings of Fact and
Conclusions of Law granting EXB'S Motion for Relief From Stay is
available at http://is.gd/8uiZCAfrom Leagle.com.

EXB Holdings 2, LLC, a California Limited Liability Company, as
successor in interest to EH NATIONAL BANK, f/k/a/ EXCEL NATIONAL
BANK, is represented by:

          Robert P. Goe, Esq.
          Marc C. Forsythe, Esq.
          Elizabeth A. LaRocque, Esq.
          Jonathan D. Alvanos, Esq.
          GOE & FORSYTHE, LLP
          Irvine, CA
          E-mail: rgoe@goeforlaw.com
                  mforsythe@goeforlaw.com
                  elarocque@goeforlaw.com
                  jalvanos@goeforlaw.com


NAVISTAR INTERNATIONAL: Extends $500MM Facility Through 2014
------------------------------------------------------------
Navistar Financial Corporation, an affiliate of Navistar, Inc.,
has signed agreements to extend its $500 million dealer inventory
funding facility an additional six months.  The facility, which is
funded through three of NFC's major relationship banks, now
extends through September of 2014.

"We continue to have strong access to capital to support our
financing operations," said Walter Borst, executive vice president
and chief financial officer, Navistar.  "This extension improves
our pricing, which is indicative of the progress we have made in
our turnaround."

NFC provides financing programs and services tailored to support
Navistar's dealer and customer equipment financing needs.

"The quality of our portfolio and strength of our dealer network
have earned the ongoing confidence and support of our relationship
banks," said Bill McMenamin, president, NFC.  "This transaction
provides continued flexibility in funding wholesale assets to help
us support our dealer network and the sale of International(R)
trucks and IC BusTM brand buses."

Additional information is available for free at:

                        http://is.gd/BAjxfK

                    About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.Navistar.com/-- is a holding company whose
subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar incurred a net loss attributable to the Company of $3.01
billion for the year ended Oct. 31, 2012, compared with net income
attributable to the Company of $1.72 billion during the prior
year.  The Company's balance sheet at July 31, 2013, the Company
had $8.24 billion in total assets, $12.17 billion in total
liabilities and a $3.93 billion total stockholders' deficit.

                          *     *     *

In the Aug. 3, 2012, edition of the TCR, Moody's Investors Service
lowered Navistar International Corporation's Corporate Family
Rating (CFR), Probability of Default Rating (PDR), and senior note
rating to B2 from B1.  The downgrade of Navistar's ratings
reflects the significant challenges the company will face during
the next eighteen months in re-establishing the profitability and
competitiveness of its US and Canadian truck operations in light
of the failure to achieve EPA certification of its EGR emissions
technology, the significant reductions in military revenues and
substantially higher engine warranty reserves.

As reported by the TCR on June 19, 2013, Standard & Poor's Ratings
Services said it lowered its long-term corporate credit rating on
Illinois-based truckmaker Navistar International Corp. (NAV) to
'B-' from 'B'.  The rating downgrades reflect S&P's negative
reassessment of NAV's business risk profile to "vulnerable" from
"weak".

As reported by the TCR on Jan. 24, 2013, Fitch Ratings has
affirmed the Issuer Default Ratings (IDR) for Navistar
International Corporation and Navistar Financial Corporation at
'CCC' and removed the Negative Outlook on the ratings.  The
removal reflects Fitch's view that immediate concerns about
liquidity have lessened, although liquidity remains an important
rating consideration as NAV implements its selective catalytic
reduction (SCR) engine strategy. Other rating concerns are already
incorporated in the 'CCC' rating.


NEW CENTURY TRS: Court Won't Reinstate Galope Claim
---------------------------------------------------
Bankruptcy Judge Kevin J. Carey denied the Second Motion for
Reconsideration filed by Helen Galope to reverse a prior court
order on her claim filed in the Chapter 11 cases of New Century
TRS Holdings, Inc.

The New Century Liquidating Trust, by and through Alan M. Jacobs,
as the Liquidating Trustee, filed an objection to the Second
Motion for Reconsideration.

On July 29, 2011, Ms. Galope filed proof of claim number 4131 in
the amount of $350,000 (secured) plus unliquidated amounts.  The
Galope Claim states that the basis of the claim is a "Mortgage
Note" in the original principal amount of $522,000 in favor of New
Century Mortgage Corporation and attached a copy of the Federal
Truth-in-Lending Disclosure Statement and the Deed of Trust, both
dated December 16, 2006, as exhibits.  The Chapter 11 Trustee
objected to the claim on the grounds that it was a late claim,
since it was filed almost four years after the claims bar date.

On Feb. 7, 2012, the Bankruptcy Court issued a Memorandum and
Order, sustaining the Chapter 11 Trustee's Claim Objection and
disallowing and expunging the Galope Claim.  Ms. Galope filed her
First Motion for Reconsideration, which was denied by Memorandum
and Order dated May 17, 2012.  On June 1, 2012, Ms. Galope filed
the Second Motion for Reconsideration based, in part, upon the
decision issued by the Third Circuit Court of Appeals on May 18,
2012: Wright v. Owens Corning, 679 F.3d 101 (3d Cir. 2012).

A copy of the Court's Sept. 17, 2013 Memorandum is available at
http://is.gd/JwLK6vfrom Leagle.com.

                       About New Century

Founded in 1995, Irvine, Calif.-based New Century Financial
Corporation (NYSE: NEW) -- http://www.ncen.com/-- was a real
estate investment trust, providing mortgage products to borrowers
nationwide through its operating subsidiaries, New Century
Mortgage Corporation and Home123 Corporation.   The Company was
among firms hit by the collapse of the subprime mortgage business
industry in 2006.

The company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2007 (Bankr. D. Del. Lead Case No.
07-10416).  Suzzanne Uhland, Esq., Austin K. Barron, Esq., and Ana
Acevedo, Esq., at O'Melveny & Myers LLP, and Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A., represent the Debtors.  The
Official Committee of Unsecured Creditors selected Hahn & Hessen
as its bankruptcy counsel and Blank Rome LLP as its co-counsel.

When the Debtors filed for bankruptcy, they disclosed total assets
of $36,276,815 and total debts of $102,503,950.

The Company sold its assets in transactions approved by the
Bankruptcy Court.

The Bankruptcy Court confirmed the Second Amended Joint Chapter 11
Plan of Liquidation of the Debtors and the Official Committee of
Unsecured Creditors on July 15, 2008, which became effective on
Aug. 1, 2008.  An appeal was taken and, on July 16, 2009, District
Judge Sue Robinson issued a Memorandum Opinion reversing the
Confirmation Order.  On July 27, 2009, the Bankruptcy Court
entered an Order Granting Motion of the Trustee for an Order
Preserving the Status Quo Including Maintenance of Alan M. Jacobs
as Liquidating Trustee, Plan Administrator and Sole Officer and
Director of the Debtors, Pending Entry of a Final Order Consistent
with the District Court's Memorandum Opinion.

On Nov. 20, 2009, the Court entered an Order confirming the
Modified Second Amended Joint Chapter 11 Plan of Liquidation.  The
Modified Plan adopted, ratified and confirmed the New Century
Liquidating Trust Agreement, dated as of Aug. 1, 2008, which
created the New Century Liquidating Trust and appointed Alan M.
Jacobs as Liquidating Trustee of New Century Liquidating Trust and
Plan Administrator of New Century Warehouse Corporation.


NGPL PIPECO: Bank Debt Trades at 11% Off
----------------------------------------
Participations in a syndicated loan under which NGPL PipeCo LLC is
a borrower traded in the secondary market at 89.63 cents-on-the-
dollar during the week ended Friday, September 20, 2013, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents an increase of 0.38
percentage points from the previous week, The Journal relates.
NGPL PipeCo LLC pays 550 basis points above LIBOR to borrow under
the facility.  The bank loan matures on May 4, 2017.  The bank
debt carries Moody's B2 and Standard & Poor's B rating.  The loan
is one of the biggest gainers and losers among 204 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in Houston, Texas, NGPL PipeCo. LLC is a holding
company for Natural Gas Pipeline Company of America and other
interstate natural gas pipeline assets.  NGPL is 80% owned by
Myria Acquisition LLC and 20% owned and operated by Kinder Morgan,
Inc.

                           *     *     *

As reported in the Troubled Company Reporter on June 6, 2013,
Moody's Investors Service downgraded NGPL PipeCo LLC's (NGPL)
senior unsecured debt rating, Corporate Family Rating, and
Probability of Default Rating to B2 from Ba3. NGPL's Speculative
Grade Liquidity Rating is changed to SGL-3 from SGL-2. The rating
outlook is now stable.


NORANDA OPERATING: DBRS Confirms 'BB' Senior Secured Notes
----------------------------------------------------------
DBRS has confirmed the BB (high) rating with a Stable trend on the
Senior Secured Notes of Noranda Operating Trust (the Trust).  The
Trust remains a well-established and profitable processor of zinc
concentrates strategically located to serve North American zinc
metal markets, but is highly dependent on a zinc concentrate
supply and processing agreement (Supply and Processing Agreement)
with Glencore Canada Corporation (Glencore Canada) that ends its
initial term in May 2017.  Post-May 2017, the economic viability
of the Trust's zinc processing facility (CEZinc) is uncertain as
it will need to replace (or continue) the Glencore Canada
concentrate supply in a market that is currently in oversupply
with low zinc processing charges.

The Trust's CEZinc facility has been operating well since the
resolution of issues related to the storage of excess sulphuric
acid.  Combined with a refinancing of its debt in 2011, a reduced
level of distributions and large contributions from working
capital reductions, the Trust's debt has been reduced sharply and
its credit metrics are now very strong.

The Trust's near-term financial picture can be expected to
strengthen as term debt is reduced by $15.0 million per year and
zinc processing operations proceed normally under the auspices of
the Supply and Processing Agreement.  That said, despite labour
stability provided by a three-year contract signed in 2011, lower
production due to higher expected maintenance in H2 2013 is
expected to reduce some of H1 2013 gains.  In addition, near-term,
operational complexity can be expected to increase as traditional
sources of zinc concentrate transition to new sources, each with
its own processing characteristics.

DRBS considers the CEZinc to be an important part of Glencore
Canada's current zinc mine operations; as such, we consider
Glencore Canada has a strong vested interest in its ongoing
operation.  DBRS expects it likely that Glencore Canada could and
would provide financial assistance if the Trust had difficulties
in meeting its financial obligations during the term of the Supply
and Processing Agreement.  Nonetheless, the Trust's earnings and
cash flow are fully dependent on the terms of its Supply and
Processing Agreement with Glencore Canada and continuing near-
capacity operation.

Even though the Supply and Processing Agreement is subject to
automatic renewal for five year terms at the end of its initial
term on May 2, 2017, Glencore Canada has the right with
appropriate advance written notice to indicate it does not wish to
renew the agreement.  In that case, the Trust would have to seek
alternate sources of concentrate to process after May 2017 or
potentially could seek to revise the terms of the existing
agreement with Glencore Canada.  In these cases, if current market
conditions are a guide, DBRS expects the Trust can expect
significantly lower earnings and profitability post-May 2017, or
even a possible shutdown of operations due to competitive
pressures.

Accordingly, DBRS discontinued the Issuer Rating of the Trust (an
exception to its normal rating practice), due to the uncertainty
regarding the Trust's viability post-2017.  As well, DBRS has not
established a Recovery rating for the Senior Secured notes as
their repayment remains intricately tied to assumptions regarding
the successful operation under the Supply and Processing
Agreement, which extends beyond the notes maturity in December
2016.

In the first half of 2013, the Trust has continued to restrict
distributions to provide funds to maintain the operational
capability of CEZinc and build resources to accommodate any
transition / remediation / closure costs that may be incurred
post-May 2017.  DBRS views this as prudent action given the
profitability of the CEZinc facility post-May 2017 remains in
doubt.


NORBORD INC: DBRS Hikes Issuer Rating to 'BB'
---------------------------------------------
DBRS has upgraded the Issuer Rating of Norbord Inc. (Norbord or
the Company) to BB from BB (low) and has changed the trend to
Stable from Positive.  The upgrade reflects the fact that
Norbord's credit metrics have strengthened significantly, driven
by improved market conditions and better operating efficiency, and
the expectation that Norbord will maintain solid credit metrics
going forward.

DBRS has also confirmed the recovery ratings of Norbord's Senior
Secured Notes and Senior Unsecured Notes at RR3 and RR6,
respectively.  As a result of the base Issuer Rating being
upgraded to BB, with a Stable trend, the RR3 on the Senior Secured
Notes corresponds to a confirmation of the Senior Secured Notes at
BB, with a Stable trend, which also removes them from Under Review
with Developing Implications, where they were placed on May 27,
2013.  In addition, the RR6 on the Senior Unsecured Notes
corresponds to an upgrade of the Senior Unsecured Notes to B
(high) from B, with a trend change to Stable from Positive.

DBRS changed the trend on Norbord's Issuer Rating to Positive from
Stable earlier this year, noting that if the Company's credit
metrics remained solid in the near term, its Issuer Rating would
likely be upgraded by one notch.  Since then, Norbord's credit
metrics have remained solid and significantly stronger than the
previous year, driven by the improved U.S. housing industry and
better operating efficiency achieved through continued mill
improvements.  Recent weakening in North American oriented strand
board (OSB) prices was caused by: (1) industry mill restarts and
(2) record high OSB prices, which caused the reverse substitution
to plywood and the redirection of export volumes into the domestic
market.  Currently, North American OSB prices have stabilized, and
they are expected to remain near current levels throughout the
remainder of 2013 as this is the time of year when producers begin
performing annual maintenance.  Going forward, DBRS expects
Norbord's 2014 credit metrics to remain solid due to sustained
recovery in the U.S. housing market and the expected positive
effects from recent industry consolidation where the top four
producers will account for 75% of industry capacity.  Moreover,
positive sentiment in the U.K. housing market, supported by
improved housing prices and government stimulus, bodes well for
Norbord's European operations.  However, DBRS expects 2014 credit
metrics to be weaker than 2013 due to lower OSB prices driven by
the added industry production from restarted mills.  In the near-
to-medium term, Norbord is well positioned to benefit from a full
recovery of the U.S. housing market, supported by the suppressed
household formations and improving labour market.  DBRS maintains
its expectation that 2013 housing starts will reach near one
million units.

Despite having gone through one of the industry's worst historical
downturns, Norbord managed to materially reduce its debt level
during that time by reducing its total debt obligations from $610
million in 2008 to $434 million in June 2013, which greatly
reduced its financial risk.

Norbord's credit rating continues to be supported by its solid
business profile as a leading low-cost producer of OSB in North
America, driven by continued advancement in operating efficiencies
and the implied support of Brookfield Asset Management Inc. (BAM,
rated A (low) by DBRS), its majority owner.  In addition, Norbord
is expected to maintain its leading and low-cost producer status
with continuing capital investment programs.

In conclusion, DBRS expects the U.S. housing market to continue
its recovery and the Company's credit metrics to remain solid for
the foreseeable future, while improvements in operating
efficiency, a more consolidated industry and reduction in leverage
make Norbord better positioned to enter the next downturn.

DBRS has simulated a default scenario for Norbord in order to
analyze the potential recovery of the Company's senior debt in the
event of default.  The scenario assumes a prolonged period of
severe economic conditions, regardless of how hypothetical or
unlikely the conditions may be, in which product demand and prices
plummet.  Based on the recovery analysis, DBRS believes that
holders of the Senior Secured Notes would recover approximately
60% to 80% of the principal; therefore, the recovery rating
remains at RR3.  The Senior Unsecured Notes would recover 0% of
the principal; therefore, the recovery rating remains at RR6.


NORTHWEST G.F. MUTUAL: A.M. Best Affirms 'B-' FSR
--------------------------------------------------
A.M. Best Co. has revised the outlook to stable from negative and
affirmed the financial strength rating of B- (Fair) and issuer
credit rating of "bb-" of Northwest G.F. Mutual Insurance Company
(Northwest) (Eureka, SD).

The affirmation of the ratings for Northwest is due to a
strengthening of its overall risk-adjusted capitalization and
improvement in its underwriting operating performance over the
past year.  In recent years, the company had been impacted by
frequent and severe weather-related events as well as the
financial crisis in 2008.  As a result, pre-tax operating losses
and negative net income was reported for three consecutive years,
ending in 2011.  Significant surplus declines were reported in
recent years (2010 and 2011) and primarily were due to significant
underwriting losses caused by frequent tornado/hail storms in
Northwest's operating territories of North and South Dakota, which
eroded its risk-adjusted capital position and increased
underwriting leverage.

However, following the appointment of a new management team in
late 2011, Northwest has implemented several corrective actions to
improve profitability, which included policy count exposure
reductions, curtailing of writings in more catastrophe-prone areas
of the two states, increased rates and tightening of underwriting
standards.

Over the past 18 months, these actions have resulted in a
significant turnaround in underwriting results, with combined
ratios in the full year of 2012 and through the second quarter of
2013 well below 100%, signifying an underwriting profit.
Consequently, Northwest's capital position improved significantly
in 2012 and 2013, with surplus increasing by 24% by year-end 2012
compared to year-end 2011, while the first six months of 2013 have
witnessed another 24% increase compared to year-end 2012.

While Northwest is currently well positioned at its current rating
level, potential exists for positive movement in its ratings
and/or outlook if its current favorable underwriting and operating
performance trends can be sustained along with maintenance of the
company's strengthened risk-adjusted capital position.

Conversely, if Northwest's previously negative trend of declining
risk-adjusted capitalization and adverse operating results were to
return, it could result in renewed pressure on its ratings and/or
a negative outlook.


ORECK CORP: AAC Consulting Approved to Provide Tax Services
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Tennessee
authorized Oreck Corporation, et al., to employ AAC Consulting,
LLC, to provide tax services, including compilation and filing of
federal and state tax returns, for the Debtors.

As reported in the Troubled Company Reporter on Aug. 22, 2013, to
the best of the Debtors' knowledge, AAC and Allison Civello, the
sole member of AAC, are both "disinterested" persons under the
Bankruptcy Code.

The Debtors propose to compensate AAC $60,000 for each filing
period ($120,000 total), 50% to be paid in advance, 25% to be paid
at the completion of the fiscal 2013 tax returns, and 25% to be
paid at the completion of the fiscal 2014 tax returns.

                        About Oreck Corp.

Oreck Corporation and eight affiliates sought Chapter 11
protection (Bankr. M.D. Tenn. Lead Case No. 13-04006) in
Nashville, Tennessee, on May 6, 2013, with plans to sell the
business as a going concern.

Oreck has been in the business of manufacturing, marketing and
selling vacuum cleaners and related products since the late 1960s.
The corporate offices are located in Nashville, and the
manufacturing and call center is located in Cookeville, Tennessee.

Oreck has 70 employees in Nashville, 250 employees at its plant in
Cookeville and 325 employees operating 96 company-owned and
managed retail stores.  The Debtor disclosed $18,013,249 in assets
and $14,932,841 plus an unknown amount in liabilities as of the
Chapter 11 filing.

William L. Norton III, Esq., and Alexandra E. Dugan, Esq., at
Bradley Arant Boult Cummings LLP, serve as counsel to the Debtor.
BMC Group Inc. is the claims and notice agent.  Sawaya Segalas &
Co., LLC serves as financial advisor.

The U.S. Trustee appointed six creditors to the Official Committee
of Unsecured Creditors.  Daniel H. Puryear, Esq., at Puryear Law
Group, and Sharon L. Levine, Esq., and Kenneth A. Rosen, Esq., at
Lowenstein Sandler LLP represent the Committee.  The Committee
tapped to retain Gavin/Solmonese LLC as its financial advisor.

In July 2013, Royal Appliance Mfg. Co. (RAM), a subsidiary of the
TTI Group, finalized the purchase of Oreck Corp.'s assets.  The
Bankruptcy Court approved the sale on July 16, 2013.

Royal, the maker of Dirt Devil floor-care products, won the
auction for Oreck Corp.  The second-place bidder was the Oreck
family, which sold the business in a $272 million transaction in
2003.  The Oreck family made the first bid at auction at
$21.9 million, including $14.5 million cash.

The terms of Royal's winning bid weren't disclosed publicly,
according to a Bloomberg News report.  Royal was acquired in 2003
by Hong Kong-based Techtronic Industries Co., the maker of Hoover
vacuum cleaners.


OVERLAND STORAGE: Incurs $19.6 Million Net Loss in Fiscal 2013
--------------------------------------------------------------
Overland Storage, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing a
net loss of $19.64 million on $48.02 million of net revenue for
the fiscal year ended June 30, 2013, as compared with a net loss
of $16.16 million on $59.63 million of net revenue during the
prior fiscal year.

The Company's balance sheet at June 30, 2013, showed $31.40
million in total assets, $41.69 million in total liabilities and a
$10.29 million total shareholders' deficit.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2013, citing recurring losses and negative
operating cash flows which raise substantial doubt about the
Company's ability to continue as a going concern.

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

                         http://is.gd/kZhwZv

The Company filed post-effective amendments to its registration
statements to convert the Company's registration statements on
Form S-3 into a registration statements on Form S-1.  Upon filing
its Annual Report on Form 10-K for the fiscal year ended June 30,
2013, with the SEC, the Company was no longer eligible to use Form
S-3 in connection with the current offerings.  The registration
statements relate to:

   (i) the resale or other disposition by certain selling
       shareholders of up to an aggregate of (i) 8,653,045
       outstanding shares of common stock, (ii) 3,898,703 shares
       of common stock issuable upon the exercise of outstanding
       warrants and (iii) 12,464 shares of common stock issued
       upon exercise of a warrant in June 2012; and

  (ii) the resale or other disposition by the selling shareholders
       of up to an aggregate of (i) 4,521,619 shares of common
       stock issued upon conversion of 794,659 shares of Series A
       Convertible Preferred Stock, (ii) 9,295,459 shares of
       common stock issuable upon exercise of warrants, or the
       Warrants, and (iii) 61,302 shares of common stock issued
       upon exercise of a Warrant in July 2011.

                  About Overland Storage

San Diego, Cal.-based Overland Storage, Inc. (Nasdaq: OVRL) --
http://www.overlandstorage.com/-- is a global provider of unified
data management and data protection solutions designed to enable
small and medium enterprises (SMEs), corporate departments and
small and medium businesses (SMBs) to anticipate and respond to
change.


PATRIOT COAL: Can Conduct Rule 2004 Examination of ArcLight
-----------------------------------------------------------
In a stipulated order dated Sept. 19, 2013, the U.S. Bankruptcy
Court for the Eastern District of Missouri approved the motion of
the Patriot Coal Corporation, et al., and the Official Committee
of Unsecured Creditors for leave to conduct discovery of ArcLight
Capital Partners, LLC, pursuant to Federal Rule of Bankruptcy
Procedure 2004, as filed with the Bankruptcy Court on Sept. 3,
2013.  As per the Court's order, the Debtors and the Committee are
granted leave to propound discovery upon ArcLight pursuant to Rule
2004.  A complete text of the stipulated order is available at:
http://bankrupt.com/misc/patriotcoal.doc4659.pdf

As reported in the TCR on Sept 5, 2013, according to papers filed
with the Court, discovery from ArcLight is essential to a complete
understanding of the assets and liabilities of the Debtors'
estates.  ArcLight was the majority shareholder of Magnum Coal
Company at the time of Patriot's 2008 acquisition of Magnum, party
to the Agreement and Plan of Merger governing that transaction,
and remained a substantial shareholder of Patriot following the
Merger.

A copy of the ArcLight Rule 2004 Motion is available at:

         http://bankrupt.com/misc/patriotcoal.doc4577.pdf

                        About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin.  The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012.  Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP serves as lead restructuring counsel.
Bryan Cave LLP serves as local counsel to the Debtors.  Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization.  Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO.  GCG, Inc. serves as claims and noticing
agent.

The U.S. Trustee appointed a seven-member creditors committee.
Kramer Levin Naftalis & Frankel LLP serves as its counsel.
HoulihanLokey Capital, Inc., serves as its financial advisor and
investment banker.  Epiq Bankruptcy Solutions, LLC, serves as its
information agent.

On Nov. 27, 2012, the New York bankruptcy judge moved Patriot's
bankruptcy case to St. Louis.  The order formally sending the
reorganization to Missouri was signed December 19 by the
bankruptcy judge.  The New York Judge in a Jan. 23, 2013 order
denied motions to transfer the venue to the U.S. Bankruptcy Court
for the Southern District of West Virginia.

Patriot Coal Corporation on Sept. 6 filed a Plan of Reorganization
with the U.S. Bankruptcy Court for the Eastern District of
Missouri as contemplated by the terms of Patriot's Debtor-in-
Possession financing.


PERSONAL COMMUNICATIONS: Gets Final OK on $46MM Bankruptcy Loan
---------------------------------------------------------------
Judge Alan S. Trust entered a final order authorizing Personal
Communications Devices, LLC, et al., to obtain postpetition
financing of up to $46 million from lenders led by JP Morgan Chase
Bank, N.A., as administrative agent.

As security of the Debtors' DIP loan obligations, the DIP Agent is
granted liens on the Debtors' assets.  The DIP Liens granted to
the DIP Agent for the benefit of the bankruptcy lenders are senior
to all other liens of any other person or entity other than the
Non-Avoidable Liens.

All of the DIP Obligations constitute allowed superpriority
administrative claims pursuant to Sec. 364(c)(1) of the Bankruptcy
Code.

The Debtors are also allowed to use the Cash Collateral of their
pre-bankruptcy lenders.  For the use of the Cash Collateral, the
pre-bankruptcy lenders are granted adequate protection in the form
of replacement liens, interest and certain professional fees.

The Final DIP Loan Order is conditioned on the Debtors
consummating a sale of their assets within 65 days of the Petition
Date.

A full-text copy of the Final DIP Loan Order dated Sept. 16, 2013
is available for free at:

http://bankrupt.com/misc/PERSONALCOMMUNICATIONS_FinalDIPOrd.PDF

                  About Personal Communications

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y., estimating between $100 million
and $500 million in both assets and liabilities.  Bankruptcy Judge
Alan S. Trust oversees the case.  The petitions were signed by
Raymond F. Kunzmann as chief financial officer.

Attorneys at Goodwin Procter, LLP and Togut, Segal & Segal, LLP
serve as counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC,
is the claims and notice agent.  BG Strategic Advisors, LLC, is
the financial advisor.   Richter Consulting, Inc., is the
investment banker.

PCD is advised in this transaction by Richter Consulting Inc., BG
Strategic Advisors, and Goodwin Procter LLP.  Q1W is advised by
Raymond James and Associates, Inc. and Munsch Hardt Kopf & Harr,
P.C.

A three-member official committee of unsecured creditors was
appointed in the Chapter 11 case.

PCD -- http://www.pcdphones.com-- provides both carriers and
manufacturers an array of product life cycle management services
that includes planning and development; inventory; technical
testing; quality control; forward and reverse logistics; sell-in
and sell-thru, marketing & warranty support.  Its extensive
portfolio of high-quality and versatile wireless devices includes
feature phones, smart phones, tablets, mobile hotspots, modems,
routers, fixed wireless, M2M, GPS, and other innovative wireless
connectivity devices and accessories.  PCD is based in Hauppauge,
New York; and maintains operations facilities in Brea, California;
and Toronto, CA.


PERSONAL COMMUNICATIONS: To Tap Goodwin Procter as Lead Counsel
---------------------------------------------------------------
Personal Communications Devices, LLC, and its debtor affiliates
are seeking permission from the Bankruptcy Court to employ Goodwin
Procter LLP as their primary restructuring counsel nunc pro tunc
to the Petition Date.

Goodwin Procter will be providing to the Debtors, among other
things, legal advice with respect to the Debtors' powers and
duties as debtors-in-possession in the continued operation of
their business and management of their property.

The Goodwin Procter principal attorneys and legal assistants
presently designated to represent the Debtors and their hourly
rates are:

            Andrew J. Weidhaas, Partner       $1,025
            Emanuel C. Grillo, Partner          $975
            Breck N. Hancock, Partner           $750
            Matthew L. Curro, Associate         $690
            Eugenia P. Tzakas, Associate        $640
            Christopher Newcomb, Associate      $595
            Timothy Hurley, Associate           $395

The firm will also charge for necessary expenses it incurred or
will incur in connection with the contemplated services.

The Debtors relate that since August 1, 2012, they have paid
Goodwin Procter $4,534,779 in fees and $101,438 in expenses for
services rendered.  Goodwin Procter maintains a retainer of
$475,000.

To the best of the Debtors' knowledge, Goodwin Procter has not
represented the Debtors' creditors, equity security holders, or
any other parties-in-interest, or their respective attorneys, in
any matters relating to the Debtors or their estate, except as
described by Mr. Grillo in his declaration.

                  About Personal Communications

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y., estimating between $100 million
and $500 million in both assets and liabilities.  Bankruptcy Judge
Alan S. Trust oversees the case.  The petitions were signed by
Raymond F. Kunzmann as chief financial officer.

Attorneys at Goodwin Procter, LLP and Togut, Segal & Segal, LLP
serve as counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC,
is the claims and notice agent.  BG Strategic Advisors, LLC, is
the financial advisor.   Richter Consulting, Inc., is the
investment banker.

PCD is advised in this transaction by Richter Consulting Inc., BG
Strategic Advisors, and Goodwin Procter LLP.  Q1W is advised by
Raymond James and Associates, Inc. and Munsch Hardt Kopf & Harr,
P.C.

A three-member official committee of unsecured creditors was
appointed in the Chapter 11 case.

PCD -- http://www.pcdphones.com-- provides both carriers and
manufacturers an array of product life cycle management services
that includes planning and development; inventory; technical
testing; quality control; forward and reverse logistics; sell-in
and sell-thru, marketing & warranty support.  Its extensive
portfolio of high-quality and versatile wireless devices includes
feature phones, smart phones, tablets, mobile hotspots, modems,
routers, fixed wireless, M2M, GPS, and other innovative wireless
connectivity devices and accessories.  PCD is based in Hauppauge,
New York; and maintains operations facilities in Brea, California;
and Toronto, CA.


PERSONAL COMMUNICATIONS: To Employ Togut Segal as Co-Counsel
------------------------------------------------------------
Personal Communications Devices, LLC, and its debtor affiliates
seek the Bankruptcy Court's authority to employ Togut, Segal &
Segal LLP as their co-counsel effective as of the Petition Date.

The Togut Firm will handle matters the Debtors may encounter which
are not appropriately handled by Goodwin Procter LLP, the Debtors'
lead counsel, and other professionals because of a potential
conflict of interest or alternatively can be more efficiently
handled by the Togut Firm.

The current hourly rate for Frank A. Oswald, Esq., a member of the
Togut Firm, who will be the supervising partner for the matter, is
$810.  The Togut Firm's current rates for associates is $205 to
$585 per hour, $585 to $715 per hour for counsel, and $145 to $295
per hour for paralegals and law clerks.  The Togut Firm will also
seek reimbursement for actual, necessary expenses pursuant to
Section 330(a)(1)(B) of the Bankruptcy Code.

To the best of the Debtors' knowledge, and based on Mr. Oswald's
declaration, the Togut Firm does not represent or hold any
interest adverse to the Debtors or their estates with respect to
the matters on which the firm is to be employed.

                   About Personal Communications

Personal Communications Devices LLC and an affiliate, Personal
Communications Devices Holdings, LLC, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 13-74303) on Aug. 19, 2013,
in Central Islip, N.Y., estimating between $100 million
and $500 million in both assets and liabilities.  Bankruptcy Judge
Alan S. Trust oversees the case.  The petitions were signed by
Raymond F. Kunzmann as chief financial officer.

Attorneys at Goodwin Procter, LLP and Togut, Segal & Segal, LLP
serve as counsel to the Debtors.  Epiq Bankruptcy Solutions, LLC,
is the claims and notice agent.  BG Strategic Advisors, LLC, is
the financial advisor.   Richter Consulting, Inc., is the
investment banker.

PCD is advised in this transaction by Richter Consulting Inc., BG
Strategic Advisors, and Goodwin Procter LLP.  Q1W is advised by
Raymond James and Associates, Inc. and Munsch Hardt Kopf & Harr,
P.C.

A three-member official committee of unsecured creditors was
appointed in the Chapter 11 case.

PCD -- http://www.pcdphones.com-- provides both carriers and
manufacturers an array of product life cycle management services
that includes planning and development; inventory; technical
testing; quality control; forward and reverse logistics; sell-in
and sell-thru, marketing & warranty support.  Its extensive
portfolio of high-quality and versatile wireless devices includes
feature phones, smart phones, tablets, mobile hotspots, modems,
routers, fixed wireless, M2M, GPS, and other innovative wireless
connectivity devices and accessories.  PCD is based in Hauppauge,
New York; and maintains operations facilities in Brea, California;
and Toronto, CA.


PETER PETER COTTONTAIL: Court Says Loan Modification Enforceable
----------------------------------------------------------------
Arizona Bankruptcy Judge Randolph J. Haines held Thursday that a
loan modification agreement negotiated between debtors Peter Peter
Cottontail LLC, Randango LLC, Bermuda & The Boulevard LLC, and D &
J Properties LLC, and Everkrisp Vegetables, Inc., satisfied the
Arizona Statute of Frauds or any of its exceptions.  Even had it
not, exceptions to the Statute of Frauds apply in this case to
make the agreement's terms enforceable, said Judge Haines in a
Sept. 19, 2013 Opinion is available at http://is.gd/2iwGRWfrom
Leagle.com.

In March 2006, South Bethany 303 LLC, a predecessor-in-interest to
the Debtors, purchased from Everkrisp approximately 38 acres of
unimproved farmland in western Maricopa County. To secure payment,
South Bethany executed a promissory note and Deed of Trust to
Everkrisp. As additional consideration for the purchase, Everkrisp
received the right pursuant to a lease agreement to farm the
property rent-free until the promissory note was paid.

The original promissory note carried a principal of $2.385 million
with a maturity date of July 19, 2011. Interest accrued at the
rate of 8% per year, and the note provided for quarterly interest-
only payments until the note was paid in full.

In April 2009, after South Bethany defaulted under the note,
Everkrisp agreed to a loan modification that decreased the
quarterly payment obligation and extended the maturity date to
July 19, 2013.  South Bethany transferred its interest in the
property to the Debtors, and pursuant to the loan modification,
the Debtors and Everkrisp executed Allonge No. 1 to the Promissory
Note.  Allonge No. 1 provided for half of the quarterly interest
payment ($23,850) to be made to Everkrisp, with the other $23,850
to be added to the outstanding principal balance.  The Debtors and
Everkrisp also executed lease amendments adding the Debtors as the
Lessors and extending the rent-free lease period.

On Jan. 13, 2010, Randy Black, Jr., Manager for the Debtors, sent
a proposal for another loan modification to Michael Etchart, Vice
President of Everkrisp.  According to the letter, the Debtors'
partners were having difficulty raising capital to pay the
interest on the property for the following 12 months.  Mr. Black's
proposal was a $70,000 payment to Everkrisp upon Etchart's
acceptance of the proposal that would represent all interest owed
for 2010. Quarterly payments would resume on Jan. 1, 2011 at
$23,850.  Mr. Etchart signed the proposal on Jan. 20, 2010, and
the Debtors subsequently made the $70,000 payment on Jan. 22.

In 2011, the Debtors had further problems raising capital and
became in default on the first two quarterly payments of 2011. The
Debtors and Everkrisp had discussions to further modify the terms
of the promissory note, and the discussions resulted in terms that
Etchart testified were acceptable to Everkrisp.  In June 2011,
Everkrisp's counsel prepared a document titled Allonge No. 2 to
Promissory Note that contained the terms of these discussions.
Allonge No. 2 provided that the outstanding principal balance
would be reduced from approximately $2.8 million to $1.5 million,
interest would no longer accrue on the loan, and quarterly
payments of $25,000 would be applied to the principal. Payments
due would begin retroactively in January 2011, and Allonge No. 2
contained a provision making its terms conditioned upon the Debtor
paying the then-delinquent January and April 2011 payments. The
maturity date and rent-free lease period were also both extended
to August 2015.

The events following the preparation of Allonge No. 2 are the
subjects of contention between the parties. In an email to the
Debtors dated June 22, 2011, Everkrisp's counsel attached Allonge
No. 2 and requested the $25,000 January and April 2011 payments be
made. July 7, 2011 the Debtors made a payment to Everkrisp in the
amount of $50,000. The Debtors claim to have signed Allonge No. 2
and returned it to Everkrisp, but the Debtors have no delivery
confirmation of such an act. Etchart testified that Everkrisp was
planning on signing the agreement upon receiving a returned signed
copy from the Debtors, but that they never did receive such a
copy. Everkrisp also claims never to have signed any copy of
Allonge No. 2. The Debtors, who claim to have been working under
the terms of Allonge No. 2, made two more payments of $25,000: one
in September 2011 that would have been the July payment, and
another in March 2012 that would have been the October 2011
payment.

After repeated defaults of quarterly payments, in June 2012
counsel for Everkrisp sent the Debtors a notice of default for
failing to make the required January and April 2012 payments.
Regarding the debt, the letter only referenced the original
principal amount of $2.385 million, the original promissory note,
and Allonge No. 1.  It made no reference as to specific amounts
due or to Allonge No. 2, only indicating default under the January
and April 2012 payments.

Following the default letter, Everkrisp commenced foreclosure
proceedings, and their counsel sent another letter to the Debtors
dated Aug. 23, 2012 alerting them of a Trustee's Sale dated Oct.
30, 2012.  This letter included a detail of the loan payoff
balance, as well as what Everkrisp would accept to reinstate the
loan. The loan payoff balance was calculated using an outstanding
principal of approximatly $1.4 million. The loan reinstatement
calculations requested delinquent principal payments for January,
April, and July 2012 totaling $75,000, plus late fees and legal
fees. These calculations were made pursuant to the terms of
Allonge No. 2.

On Oct. 3, 2012, counsel for Everkrisp sent a follow up letter to
the Debtors revising the totals using calculations under the terms
of Allonge No. 1.  This follow up letter revised the outstanding
principal amount to $2.385 million, and noted that because Allonge
No. 2 was never executed and contained a reversionary clause under
events of default, the terms of Allonge No. 1 controlled.

The Debtors' proposed Plan of Reorganization provides for a cure
of all defaults to Everkrisp and reinstatement of the loan
pursuant to Allonge No. 2.  Everkrisp filed a proof of claim for
the amounts owed pursuant to Allonge No. 1.  Everkrisp claims that
Allonge No. 2 never controlled because, having never signed the
document themselves, and never receiving a signed copy from the
Debtors, it did not satisfy the Statute of Frauds.  Though the
Debtors do not have a copy of Allonge No. 2 signed by all parties,
they claim to have signed and returned a copy to Everkrisp.  The
Debtors also claim that Everkrisp should be estopped from claiming
the Statute of Frauds because the Debtors detrimentally relied on
Everkrisp's actions in negotiating and drafting Allonge No. 2, as
well as their actions in the time following its drafting.

Las Vegas, Nevada-based Peter Peter Cottontail, LLC, filed for
Chapter 11 bankruptcy (Bankr. D. Ariz. Case No. 12-23574) in
Phoenix, on Oct. 29, 2012.  Other bankrupt affilates that
simultaneously filed for Chapter 11 are: Randango, LLC (Case No.
12-23577); Bermuda & The Boulevard, LLC (Case No. 12-23579); and D
& J Properties, LLC (Case No. 23581).

Judge Randolph J. Haines oversees the cases.  Michael W. Carmel,
Esq., at Michael W. Carmel, Ltd., serves as the Debtors' counsel.
In its petition, Peter Peter Cottontail estimated under $10
million in both assets and debts.  A list of the Company's six
unsecured creditors filed with the petition is available for free
at http://bankrupt.com/misc/azb12-23574.pdf The petition was
signed by Randy Black, Jr., manager.


PLC SYSTEMS: Raises $1.75 Million in Equity Financing
-----------------------------------------------------
PLC Systems Inc. has raised $1.75 million in gross proceeds
through the sale of 29,166,668 shares of common stock at a
purchase price of $0.06 per share and five-year warrants to
purchase 29,166,668 shares of common stock at an exercise price of
$0.08 per share.  PLC Systems plans to use the proceeds from this
financing to fund the ongoing U.S. pivotal trial with
RenalGuard(R) during imaging procedures and for general corporate
purposes.

Gregory Mann, chief financial officer of PLC Medical Systems,
commented, "We are grateful to our existing shareholders who
provided this funding to continue to support our efforts to
advance the clinical development of RenalGuard(R) in the United
States.  The team at PLC is committed to expanding the use of
RenalGuard technology to prevent the onset of contrast-induced
nephropathy (CIN) for at-risk patients.  We continue to focus our
efforts on expanding the use of RenalGuard outside of the U.S.
while at the same time continuing our pivotal trial with the U.S.
FDA.  With this additional equity financing, we anticipate having
sufficient working capital into early 2014 while continuing to
enroll patients in our pivotal U.S. clinical trial."

In connection with this financing, the outstanding Senior Secured
Convertible Debt has been re-priced to $0.06 per share, and future
interest payments have been suspended.

Palladium Capital served as the exclusive placement agent for the
offering.

Additional terms of this offering were disclosed on a Form 8-K
filed with the SEC by the Company, a copy of which is available
for free at http://is.gd/XzzLO2

                         About PLC Systems

Milford, Massachusetts-based PLC Systems Inc. is a medical device
company specializing in innovative technologies for the cardiac
and vascular markets.  The Company's key strategic growth
initiative is its newest marketable product, RenalGuard(R).
RenalGuard is designed to reduce the potentially toxic effects
that contrast media can have on the kidneys when it is
administered to patients during certain medical imaging
procedures.

PLC Systems disclosed a net loss of $8.38 million on $1.08 million
of revenue for the year ended Dec. 31, 2012, as compared with a
net loss of $5.75 million on $671,000 of revenue in 2011.  The
Company's balance sheet at June 30, 2013, showed $2.27 million

in total assets, $12 million in total liabilities and a $9.73

million stockholders' deficit.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has sustained recurring net losses and negative cash flows
from continuing operations, which raises substantial doubt about
its ability to continue as a going concern.


PMC MARKETING: Suit Against AIG Life de PR Survives Dismissal Bid
-----------------------------------------------------------------
Bankruptcy Judge Brian K. Tester in Puerto Rico denied the motion
for summary judgment filed by AIG Life de PR, seeking dismissal of
the complaint commenced by Noreen Wiscovitch Rentas, the chapter 7
interim trustee for PMC Marketing Corp.  The Trustee seeks the
return to the Debtor's estate of transfers incurred by the Debtor
as payment for the Debtor's president's life insurance which
formed part of his benefits.  These expenses consisted of three
payments of $2,646.50 each, totaling $7,939.50 in favor of AIG.
In seeking dismissal, the Defendant asserts that the Complaint is
time-barred as the Trustee commenced the suit after the permitted
two-year time frame established in 11 U.S.C. Sec. 546(a)(1)(A).
The Defendant also said the Trustee has not produced evidence in
the Complaint regarding the elements required for a Section 547(b)
claim other than stating in a conclusory fashion that the
Complaint indeed meets the evidentiary requirements.

The case is, NOREEN WISCOVITCH RENTAS, Plaintiff, v. AIG LIFE DE
PR, Defendant(s), Adv. Proc. No. 12-00117 (Bankr. D.P.R.).  A copy
of the Court's Sept. 19, 2013 Opinion and Order is available at
http://is.gd/1Db12ufrom Leagle.com.

PMC Marketing Corp. filed a voluntary Chapter 11 bankruptcy
petition on March 18, 2009 (Bankr. P.R., Case No. 09-02048).  The
case was converted into a Chapter 7 proceeding on May 19, 2010.
On May 20, 2010, Noreen Wiscovitch-Rentas was appointed the
Chapter 7 Trustee.


PREMIER HEALTHCARE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Premier Healthcare Services, Inc.
        6461 Lyndale Avenue S
        Richfield, MN 55423

Bankruptcy Case No.: 13-44501

Chapter 11 Petition Date: September 16, 2013

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

Judge: Michael E. Ridgway

Debtor's Counsel: Thomas Flynn, Esq.
                  LARKIN HOFFMAN DALY & LINDGREN
                  7900 Xerxes Avenue South, Suite1500
                  Bloomington, MN 55431
                  Tel: (952) 896-3362
                  E-mail: tflynn@larkinhoffman.com

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

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

A copy of the Company's list of its 20 largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/mnb13-44501.pdf

The petition was signed by Sally Knutson, president.


QUANTUM FUEL: Inks $11 Million Private Placement Financing
----------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., has entered
into definitive agreements with certain accredited investors for a
private placement of 2 percent senior secured convertible notes in
the cumulative principal amount of $11 million and warrants.  Mr.
Kevin Douglas of Larkspur, California, led the transaction with an
investment of $10 million.  The terms of the offering satisfy the
requirements of NASDAQ to be considered an above market value
transaction and as such, members of the Company's management team
and board of directors also participated in the offering,
including W. Brian Olson, the Company's chief executive officer
and Bradley Timon, the Company's chief financial officer.  The
closing of the Offering is expected to occur on or around
Sept. 18, 2013.  The Company will use approximately $7.3 million
of the proceeds to retire bridge debt that matures over the next
45 days.  The remainder will be used for general working capital.

Craig-Hallum Capital Group LLC acted as the Company's placement
agent.

The principal and interest due under the notes is payable on the
fifth anniversary of the closing, subject to the investors' put
right that may be exercised during the 30 day period following the
third anniversary of the closing.  Subject to certain beneficial
ownership limitations, the notes are convertible at any time into
shares of the Company's common stock at a conversion price per
share of $2.3824, which represents a 3.6 percent premium to the
previous closing price for a share of the Company's common stock.
The notes are secured by a second lien position on substantially
all of the assets of the Company's continuing operations.

The investors received warrants to purchase up to 3,411,235 shares
of the Company's common stock at an exercise price of $2.30 per
share.  The warrants cannot be exercised for six months following
the closing and expire in March 2019.

Pursuant to the terms of the definitive agreements, Mr. Douglas
was given the right to appoint one individual to serve on the
Company's board of directors for as long as any of the convertible
notes remain outstanding.

                         About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel disclosed a net loss attributable to stockholders of
$30.91 million in 2012 and a net loss attributable to common
stockholders of $38.49 million in 2011.  The Company's balance
sheet at March 31, 2013, showed $58.40 million in total assets,
$49.77 million in total liabilities and $8.62 million in total
stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company does not have sufficient existing sources of
liquidity to operate its business and service its debt obligations
for a period of at least twelve months.  These conditions, along
with the Company's working capital deficit and recurring operating
losses, raise substantial doubt about the Company's ability to
continue as a going concern.


RAMS ASSOCIATES: Can Hire Hutchins Meyer as Accountants
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey
authorized Rams Associates LP to hire Hutchins, Meyer & DiLieto,
PA as its accountants.

Rams Associates LP, doing business as Jersey Shore Arena, filed
a petition for Chapter 11 protection (Bankr. D.N.J. Case No.
13-25541) on July 16, 2013, in Trenton.  The petition was signed
by John Sabo as general partner.  Judge Christine M. Gravelle
presides over the case.  Norris Mclaughlin & Marcus, P.A., serves
as the Debtor's counsel.  The Debtor estimated assets and debts of
at least $10 million.


RAPID AMERICAN: Creditors Have Until Nov. 15 to File Claims
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
established Nov. 15, 2013, as the deadline for any individual or
entity to file proofs of claim against Rapid-American Corporation.

Nov. 15, is also set as governmental units bar date.

Proofs of claim must be filed either by U.S. Postal Service mail
or overnight delivery to the Debtor's claims and noticing agent:

         Logan & Company, Inc.
         Attn: Rapid-American Corporation
         546 Valley Road
         Upper Montclair, NJ 07043

or by delivering the original proof of claim by hand to:

         The U.S. Bankruptcy Court
         Southern District of New York
         One Bowling Green, Room 534
         New York, NY 10004-1408

                  About Rapid-American Corp.

Rapid-American Corp. filed for Chapter 11 bankruptcy protection in
Manhattan (Bankr. S.D.N.Y. Case No. 13-10687) on March 8, 2013, to
deal with debt related to asbestos personal-injury claims.

New York-based Rapid-American was formerly a holding company with
subsidiaries primarily engaged in retail sales and consumer
products and was never engaged in an asbestos business of any
kind.  Through a series of merger transactions going back more
than 45 years, Rapid has nevertheless incurred successor liability
for personal injury claims arising from plaintiffs' exposure to
asbestos-containing products sold by The Philip Carey
Manufacturing Company -- Old Carey -- as that entity existed prior
to June 1, 1967.

Attorneys at Reed Smith LLP serve as counsel to the Debtor.

The Debtor disclosed assets in excess of $4,446,261 and unknown
liabilities.

The Official Committee of Unsecured Creditors retained Caplin &
Drysdale, Chartered, as counsel.

Young Conaway Stargatt & Taylor, LLP represents Lawrence
Fitzpatrick, the Future Claimants' Representative, as counsel.


RAPID AMERICAN: Young Conaway Approved as FCR's Counsel
-------------------------------------------------------
The Hon. Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York authorized Lawrence Fitzpatrick, the
legal representative for future claimants in the Chapter 11 case
of Rapid-American Corporation to employ Young Conaway Stargatt &
Taylor, LLP as counsel.

Edwin J. Harron, a partner in Young Conaway, assured the Court
that Young Conaway is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

                  About Rapid-American Corp.

Rapid-American Corp. filed for Chapter 11 bankruptcy protection in
Manhattan (Bankr. S.D.N.Y. Case No. 13-10687) on March 8, 2013, to
deal with debt related to asbestos personal-injury claims.

New York-based Rapid-American was formerly a holding company with
subsidiaries primarily engaged in retail sales and consumer
products and was never engaged in an asbestos business of any
kind.  Through a series of merger transactions going back more
than 45 years, Rapid has nevertheless incurred successor liability
for personal injury claims arising from plaintiffs' exposure to
asbestos-containing products sold by The Philip Carey
Manufacturing Company -- Old Carey -- as that entity existed prior
to June 1, 1967.

Attorneys at Reed Smith LLP serve as counsel to the Debtor.

The Debtor disclosed assets in excess of $4,446,261 and unknown
liabilities.

The Official Committee of Unsecured Creditors retained Caplin &
Drysdale, Chartered, as counsel.

Young Conaway Stargatt & Taylor, LLP represents Lawrence
Fitzpatrick, the Future Claimants' Representative, as counsel.


REUTAX AG: German Case Gets Nod By U.S. Bankruptcy Court
--------------------------------------------------------
Law360 reported that Reutax AG's insolvency action in Heidelberg,
Germany, was recognized on Sept. 17 by Delaware's bankruptcy court
as the staffing and recruiting firm's foreign main proceeding,
while Reutax's founder faces criminal charges for allegedly
embezzling funds to purchase a Beverly Hills mansion and other
luxuries.

According to the report, U.S. Bankruptcy Judge Mary F. Walrath
signed off on Reutax's motion to award recognition to its already
pending case under "Insolvenzordnung," the German insolvency code,
following her grant of a temporary restraining order to block
creditors from taking action against the company's U.S. assets.

                         About Reutax AG

Reutax began German bankruptcy proceedings in March and founder
Soheyl Ghaemian, who resigned soon after, was arrested in Germany
in June on charges of fraud, embezzlement and breach of fiduciary
duties, according to court documents, the report related.

Heidelberg, Germany-based Reutax AG provides information
technology services to clients, using free-lance information
technology experts. The Debtor was 60% owned by Contreg AG, an
entity owned by the Debtor's founder, Soheyl Ghaemian.  Hans-
Peter Wild, through an entity called Casun Invest AG, held a 40%
equity stake in exchange for a US$40 million investment.  Faced
with a liquidity squeeze, as well as EUR10 million in liabilities
to its IT consultants, the Debtor halted operations and on
March 20, 2013, filed a petition to open insolvency proceedings
over its assets.

Tobias Wahl was appointed the insolvency administrator in June
2013.  He filed a Chapter 15 petition for Reutax (Bankr. D. Del.
Case No. 13-12135) on Aug. 21, 2013.  The Debtor is estimated to
have assets and debt of US$10 million to US$50 million.

Michael Joseph Custer, Esq., at Pepper Hamilton LLP, in
Wilmington, Delaware, serves as counsel to the foreign
representative and insolvency administrator for Reutax.

Bankruptcy Judge Mary F. Walrath presides over the case.
Mr. Wahl has filed a motion for a Rule 2004 examination and
scheduled a hearing for Aug. 22.


RHINOCEROS VISUAL: NY Office Space Woes Force Co. Into Bankruptcy
-----------------------------------------------------------------
Law360 reported that an excess of pricey Manhattan office space
has forced the company whose animations appear in movies and
commercials such as Got Milk? advertisements to file for Chapter
11 bankruptcy, according to court documents filed on Sept. 17 in
New York.

According to the report, Rhinoceros Visual Effects and Design LLC,
commonly known as Gravity, says it reached an oral agreement with
its landlord to vacate some of its office space after reducing the
size of its staff.


RIDGECREST HEALTHCARE: Case Summary & Creditors List
----------------------------------------------------
Debtor: Ridgecrest Healthcare Inc.
        5808 Montery Road, Suite #100
        Los Angeles, CA 90042

Bankruptcy Case No.: 13-33058

Chapter 11 Petition Date: September 16, 2013

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

Judge: Peter Carroll

Debtor's Counsel: Jeffrey V. Hernandez, Esq.
                  HERNANDEZ LEGAL GROUP, APC
                  1000 E. Walnut Street, Suite 233
                  Pasadena, CA 91106
                  Tel: (626) 502-7137
                  E-mail: jhernandez@hernandezlegalgroup.com

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

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

A copy of the Company's list of its 19 largest unsecured creditors
filed with the petition is available for free at:
http://bankrupt.com/misc/cacb13-33058.pdf

The petition was signed by Oscar Parel, president/CEO.


RIDGECREST RDA: Moody's Confirms 'Ba1' Rating on TABs
-----------------------------------------------------
Moody's Investors Service has confirmed the Ba1 rating of the
Successor Agency to the Ridgecrest Redevelopment Agency's (CA) Tax
Allocation Bonds (TABs), Series 2010. The bonds are secured by a
pledge of tax increment revenues from the agency's project area.

Ratings Rationale:

The confirmation of the Ba1 rating reflects the weak debt service
coverage in the 2nd half of each fiscal year. Coverage is
healthier on an annual basis. The rating also reflects the low
taxpayer concentration of the project area, and typical
socioeconomic profile of the area. The low incremental assessed
valuation (AV) to total AV and slightly smaller than typical
incremental assessed valuation unfavorably factors into the rating
as well.

Under AB X1 26 and AB 1484, the statutes that dissolved all
California redevelopment agencies (RDAs), tax increment revenue is
placed in trust with the County auditor, who makes semi-annual
distributions of funds sufficient to pay debt service on tax
allocation bonds, including other obligations. The state
legislature's willingness to modify the cash flows available for
bond debt service is a considerable source of uncertainty and a
major factor for the current rating.

Strengths

- Large project area and increment AV size

- Low tax payer concentration

Challenges

- Lack of strong projected semi-annual debt service coverage
   levels for all semi-annual periods

- Somewhat low increment to total assessed value ratio

- High degree of exposure to government sector

What could move the rating-UP

- Significant and sustained increase in assessed valuation

- Increased debt service coverage

What could move the rating-DOWN

- Erosion of semi-annual debt service coverage

- Protracted assessed value decline

The principal methodology used in this rating was Moody's Analytic
Approach to Rating California Tax Allocation Bonds published in
December 2003.


RIVERDALE, IL: Moody's Withdraws Rating on Series 2007 GO Bonds
---------------------------------------------------------------
Moody's Investors Service has withdrawn the rating on the Village
of Riverdale's (IL) General Obligation Bonds, Series 2007,
affecting $1.5 million of Moody's-rated outstanding general
obligation debt. The rating was previously placed under review on
June 25, 2013 due to the lack of verifiable, current financial
information. The village has failed to release a fiscal 2012 audit
for the year ending April 30, 2012. Due to the absence of this
information, the rating has been withdrawn.

Ratings Rationale:

Moody's has withdrawn the rating because it believes it has
insufficient or otherwise inadequate information to support the
maintenance of the rating.

On June 25, 2013, Moody's Investors Service has placed the B2
rating of the Village of Riverdale, IL under review with direction
uncertain affecting $1.5 million of Moody's-rated outstanding
general obligation debt. The review is prompted by the lack of
sufficient, current financial information. The village has failed
to release a fiscal 2012 audit for the year ending April 30, 2012.
Additionally, the village was unable to provide interim or
unaudited data. If sufficient, current information is not received
over the coming weeks, Moody's will take appropriate rating action
which could include the withdrawal or lowering of the ratings.


ROCKWOOD SPECIALTIES: Moody's Says Asset Sale a Credit Positive
---------------------------------------------------------------
Moody's Investors Service said Rockwood's sales of its Titanium
Dioxide Pigments and four other non-strategic businesses (Color
Pigments & Services, Timber Treatment Chemicals,
Rubber/Thermoplastics Compounding and Water Chemistry) is a modest
credit positive, but the sale will not immediate impact its
Corporate Family Rating (Ba1 CFR).

Rockwood Specialties Group, Inc., headquartered in Princeton, New
Jersey, is an indirect wholly owned subsidiary of Rockwood
Holdings, Inc. Rockwood produces a variety of specialty chemicals,
including pigments, additives, surface treatment chemicals, and
lithium. Revenues were $3.0 billion for the twelve months ending
June 30, 2013 (excluding revenues from the divested CeramTec
business).


RURAL/METRO CORP: Oct. 24 Hearing on Adequacy of Plan Outline
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will
convene a hearing on Oct. 24, 2013, at 2:30 p.m., to consider
adequacy of information explaining Rural/Metro Corporation, et
al.'s Joint Plan of Reorganization dated Sept. 15, 2013.
Objections, if any, are due Oct. 17, at 4 p.m.

According to the Disclosure Statement, the consenting lenders
holding in excess of 51% of the Debtors' secured debt and the
consenting noteholders holding in excess of 66.66% of the Debtors'
unsecured notes support the confirmation of the Plan.

The overall purpose of the Plan is to provide for the
restructuring of the Debtors' liabilities in a manner designed to
maximize recovery to stakeholders and to enhance the financial
viability of the Reorganized Debtors.  Generally, the Plan
provides for a consensual balance sheet restructuring that will
reduce the Debtors' funded indebtedness by approximately 50% and
cut interest payments nearly in half.  Specifically, the
restructuring transactions contemplated in the Plan will
substantially de-lever debt obligations by (i) partially paying
down the prepetition senior secured facility by $50,000,000 and
(ii) converting Noteholder Claims and Other Unsecured Claims (to
the extent holders of Other Unsecured Claims elect to receive New
Common Stock in lieu of Cash) into 100% of the common stock of
Reorganized RMC subject to dilution.

The Debtors' prepetition equity holders' interests will be
canceled, and upon emergence, all of Reorganized RMC's New Common
Stock will be owned by the holders of Noteholder Claims (including
those participating in the Rights Offering) and the holders of the
Other Unsecured Claims (to the extent such holders of Other
Unsecured Claims elect to receive New Common Stock in lieu of
Cash).  Creditors holding Other Secured Claims will receive cash,
their collateral, or retain their liens, as applicable, in
satisfaction of their Claims.

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

                  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.

Rural/Metro Corporation (A/Z) disclosed assets of $1,163,663,444
plus an undetermined amount; and liabilities of $1,823,511,376
plus an undetermined amount.

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 CORP: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Rural/Metro Corporation (A/Z) filed with the U.S. Bankruptcy Court
for the District of Delaware its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $1,054,570
  B. Personal Property        $1,162,608,874
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $427,302,230
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                    $1,396,209,146
                                 -----------      -----------
        TOTAL                 $1,163,663,444*  $1,823,511,376*

* plus undetermined amount

Debtor Rural/Metro Corporation also filed its own schedules
disclosing $0 in assets plus an undetermined amount; and
liabilities of $740,625,823 plus an undetermined amount.

Copies of the schedules are available for free at:

         http://bankrupt.com/misc/RURAL_METRO_sal.pdf
         http://bankrupt.com/misc/RURAL_METRO_sal2.pdf

                  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 Plan filed in the Debtors' cases provides for a consensual
balance sheet restructuring that will reduce the Debtors' funded
indebtedness by approximately 50% and cut interest payments nearly
in half.  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 CORP: Panel Taps Womble Carlyle as Delaware Co-Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Rural/Metro Corporation asks the U.S. Bankruptcy Court
for the District of Delaware for permission to retain the law firm
of Womble Carlyle Sandridge & Rice, LLP as its Delaware co-
counsel.

It is anticipated that the primary attorneys who will represent
the Committee and their hourly rates are:

         Steven K. Kortanek              $600
         Kevin J. Mangan                 $490
         Thomas M. Horan                 $380
         Attorneys                    $200 - $650
         Paraprofessionals            $100 - $270

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

The Court will consider the matter at an Oct. 1, 2013 hearing at
11 a.m.  Objections, if any, are due Sept. 26, at 4 p.m.

                  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.

Rural/Metro Corporation (A/Z) disclosed assets of $1,163,663,444
plus an undetermined amount and liabilities of $1,823,511,376 plus
an undetermined amount.

The U.S. Trustee has appointed a three-member official committee
of unsecured creditors in the Chapter 11 case.

The Plan filed in the Debtors' cases provides for a consensual
balance sheet restructuring that will reduce the Debtors' funded
indebtedness by approximately 50% and cut interest payments nearly
in half.  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.


S. J. MEDICAL: Case Summary & Unsecured Creditor
------------------------------------------------
Debtor: S. J. Medical, LLC, a California Limited Liability Company
        1695 South San Jacinto Avenue
        San Jacinto, CA 92583

Bankruptcy Case No.: 13-25500

Chapter 11 Petition Date: September 16, 2013

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

Judge: Scott C. Clarkson

Debtor's Counsel: Marc C. Forsythe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman Avenue, Suite 510
                  Irvine, CA 92612
                  Tel: (949) 798-2460
                  Fax: (949) 955-9437
                  E-mail: kmurphy@goeforlaw.com

Scheduled Assets: $7,260,818

Scheduled Liabilities: $4,942,000

The petition was signed by Richard J. Anthony, member.

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

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Alfred Santos                      Unsecured Promissory   $400,000
3114 Payne Ranch Road              Note for Tenant
Chino Hills, CA 91709              Improvement Capital


S&P ENTERPRISES: Case Summary & 7 Unsecured Creditors
-----------------------------------------------------
Debtor: S&P Enterprises, LLC
        11969 Bobby Eleuterius Boulevard
        D'Iberville, MS 39540

Bankruptcy Case No.: 13-51807

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       Southern District of Mississippi (Gulfport Divisional
       Office)

Judge: Katharine M. Samson

Debtor's Counsel: Douglas Scott Draper, Esq.
                  HELLER DRAPER PATRICK & HORN, L.L.C.
                  650 Poydras Street, Suite 2500
                  New Orleans, LA 70130
                  Tel: (504) 299-3300
                  Fax: (504) 299-3399
                  E-mail: ddraper@hellerdraper.com

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

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

A copy of the Company's list of its seven largest unsecured
creditors is available for free at:
http://bankrupt.com/misc/mssb13-51807.pdf

The petition was signed by Kishan Shah, managing member.


SAN BERNARDINO, CA: CalPERS Can't Block Ch. 9 Proceeding
--------------------------------------------------------
Law360 reported that a California bankruptcy judge granted
judgment in favor of the city of San Bernardino, Calif., on Sept.
17, rejecting protests from the California Public Employees'
Retirement System and finding that the city is eligible for
Chapter 9 bankruptcy relief and can begin proceedings.

According to the report, the decision comes more than a month
after CalPERS asked a federal judge to stop San Bernardino from
proceeding with its municipal bankruptcy, arguing that the city's
failure to plan should bar it from insolvency protection.

                    About San Bernardino, Calif.

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles
(104 km) east of Los Angeles, estimated assets and debts of more
than $1 billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.

The City was granted Chapter 9 protection on Aug. 28, 2013.


SAVVA'S RESTAURANT: Case Summary & 12 Unsecured Creditors
---------------------------------------------------------
Debtor: Savva's Restaurant, Inc.
          dba Harvest Diner
        841 Old Country Road
        Westbury, NY 11590

Bankruptcy Case No.: 13-74774

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Robert E. Grossman

Debtor's Counsel: Anthony F. Giuliano, Esq.
                  PRYOR & MANDELUP, L.L.P.
                  675 Old Country Road
                  Westbury, NY 11590
                  Tel: (516) 997-0999
                  Fax: (516) 333-7333
                  E-mail: afg@pryormandelup.com

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

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

The Company's list of its 12 largest unsecured creditors filed
with the petition is available for free at:
http://bankrupt.com/misc/nyeb13-74774.pdf

The petition was signed by Kyriacos Savva, vice president.


SCIMECA FOUNDATION: Ch.7 Trustee Authorized to Sell Foremost Bldg
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Bankruptcy Judge Bruce Fox greenlighted the sale of Scimeca
Foundation, Inc.'s real and personal property, including the
Foremost Building, for $4 million, free and clear of liens, at the
behest of the chapter 7 trustee, Gary F. Seitz.  The  Court also
approved an agreement between the Chapter 7 Trustee and secured
creditor, Ciena Capital Funding LLC, which settles the trustee's
potential claim under 11 U.S.C. Sec. 506(c) and includes
authorization to pay from the sale proceeds all normal costs of
sale, including real estate commissions, as well as "undisputed
liens."

Judge Fox said the trustee's proposed sale is fair and reasonable
and entered into in good faith, when coupled with the agreement of
Ciena to carve out almost $470,000 from the sale proceeds
otherwise payable to that secured creditor. The trustee's proposed
compromise of his prospective section 506(c) claim is also
reasonable.

As part of the sale order, the trustee also seeks to terminate
five alleged leaseholds held by the debtor's principal, Peter
DeFeo, and by an entity owned and/or controlled by him,
International Artist Studio (IAS), and to order these two tenants
to vacate these leaseholds.1

The debtor, by Mr. DeFeo, and by Creek Road Funding LLC, which is
another entity owned and/or controlled by Mr. DeFeo, opposed.  No
other creditor or party in interest has challenged the
reasonableness of this sale.

The trustee's motion is supported by Ciena Capital and by South
Street Head House District. The City of Philadelphia has no
objection to the trustee's request to sell the debtor's property
free and clear of liens, nor to pay undisputed lien claims, so
long as the trustee places funds from the sale proceeds in escrow
equal to the City's disputed claims.

Judge Fox said the sale will be free and clear of all interests
against the debtor's property, including the purported leasehold
interests of Mr. DeFeo and International Arts Studio, but
excluding the leasehold interests of other tenants to whom no
notice of the trustee's motion was given.  Accordingly, Mr. DeFeo
and IAS will have to vacate the Foremost Building promptly.

Scimeca Foundation, Inc., filed a voluntary Chapter 11 petition
(Bankr. E.D. Pa. Case No. 10-13662) on May 3, 2010.  Its sole
assets are real and personal property located at 517-529 South 4th
Street, Philadelphia, Pennsylvania (the Foremost Building). At the
time of its bankruptcy filing, and thereafter, the debtor leased
its realty to commercial tenants on its ground and basement
floors, and office space on the second through fourth floors.
There appears to be space used as an apartment on the fifth floor.

On its Bankruptcy Schedule A, the debtor valued its real estate in
the amount of $9 million.

The debtor filed for bankruptcy to stay a May 4, 2010 sheriff sale
scheduled by Ciena Capital Funding, LLC, f/k/a BLX Capital, LLC.
In August 2010, the debtor and Ciena entered into a stipulation in
which the debtor acknowledged that in January 2006 it borrowed
$2.75 million from Ciena secured by its real estate, by all
tangible and intangible personal property, and by an assignment of
rents and leases.  This loan was guaranteed by Mr. DeFeo. Id.
Ciena later assigned its loan interest to HSBC Bank USA, N.A., but
has been acting as agent for the assignee throughout this
bankruptcy case.  The debtor defaulted in loan payments to Ciena
in November 2008, as well as defaulted under its loan documents
owing to its failure to tender payments for property taxes and
insurance.

The debtor filed an Amended Disclosure Statement and Third Amended
Plan dated June 7, 2011.  On August 2, 2011, the debtor's Third
Amended Plan, as modified, was confirmed.  The debtor, however,
was unable to tender certain payments required under the confirmed
plan.

By order dated Feb. 23, 2012, a motion to convert the case to
Chapter 7 was conditionally denied based upon the debtor's
confirmed plan commitment to sell its real estate or refinance its
secured debt by April 30, 2012.  On April 30, 2012, the debtor
filed a motion for approval to sell its real estate to an entity
called Foremost Acquisition Partners, LP, which agreed to pay $6.1
million for the debtor's real and personal property.

On June 4, 2012, the debtor withdrew its motion to sell its
realty, giving no reasons for doing so.

In June 2012, the debtor obtained conditional approval to borrow
$3,780,000 from an entity known as Financial Funding LLC, with the
borrower receiving a first priority lien on the debtor's realty.
The debtor averred that this refinancing would be sufficient to
repay all claims in full.  The debtr, however, failed to close the
refinancing.

The City of Philadelphia renewed its motion to convert the case to
chapter 7.  This motion was granted on August 7, 2012 to take
effect on August 17, 2012.

The Chapter 7 trustee obtained an appraisal from the firm of
Lukens & Wolf, which valued the debtor's realty at $3.8 million as
of December 26, 2012, less than two months after the trustee was
appointed.  Richard Hideck of Lukens & Wolf led the engagement.

In April 2013, through the brokerage firm of Coldwell Banker
Preferred, Philip Harvey submitted a written proposal to purchase
the debtor's realty and personal property located therein for $4
million, placing a $100,000 cash deposit with the trustee.  This
offer had no financing contingency and Mr. Harvey testified that
he has sufficient funds on hand to complete the sale.  He has
completed his due diligence, demanding that an old oil tank be
removed -- which the trustee has done -- and is prepared to close.
One condition to closing, however, is that trustee "terminate all
leases and occupancy by the prior owner, Peter Defoe [sic] prior
to settlement."  Mr. Harvey acknowledged that, upon purchase, he
intended to continue to rent office space on the property's upper
floors rather than convert that space to residential use.

The Harvey agreement was accepted by the trustee, expressly
subject to bankruptcy court approval and the right of the trustee
to seek higher and better offers, with the possibility of an
auction occurring if a competing bid were received.  After
conditionally accepting Mr. Harvey's offer, the trustee continued
to market the property.  Although the trustee received a few oral
inquiries, no competing bids were made.

A copy of Judge Fox's Sept. 16, 2013 Memorandum is available at
http://is.gd/C1BAwqfrom Leagle.com.


SIRIUS XM: Proposed $600MM Sr. Notes Issue Gets Moody's B1 Rating
-----------------------------------------------------------------
Moody's Investors Service assigned B1 to Sirius XM Radio Inc.'s
proposed $600 million senior notes. Net proceeds from the new
notes plus some cash on hand are expected to refinance the
existing 7.625% senior notes due 2018. All other ratings are
unchanged including the company's Ba3 Corporate Family Rating,
Ba3-PD Probability of Default Rating as well as B1 instrument
ratings on the existing senior notes. The B1 ratings on the
proposed and existing senior notes reflect their effective
subordination to the unrated secured revolver. The stable rating
outlook is unchanged.

Assigned:

Issuer: Sirius XM Radio Inc.

New $600 million sr notes: Assigned B1, LGD4 -- 60%

Unchanged:

Issuer: Sirius XM Radio Inc.

Corporate Family Rating: Unchanged Ba3

Probability of Default Rating: Unchanged Ba3-PD

4.25% sr notes due 2020 ($500 million outstanding): Unchanged B1,
LGD4 -- 60%

5.75% sr notes due 2021 ($600 million outstanding): Unchanged B1,
LGD4 -- 60%

5.25% sr notes due 2022 ($400 million outstanding): Unchanged B1,
LGD4 -- 60%

4.625% sr notes due 2023 ($500 million outstanding): Unchanged B1,
LGD4 -- 60%

Speculative Grade Liquidity Rating: Unchanged SGL -- 1

Outlook:

Issuer: Sirius XM Radio Inc.

Outlook is Stable

Unchanged but to be withdrawn upon full redemption or completion
of the tender

Issuer: Sirius XM Radio Inc.

7.625% sr notes due 2018 ($540 million outstanding): Unchanged B1,
LGD4 -- 60%

Ratings Rationale:

Sirius' Ba3 corporate family rating reflects moderate pro forma
leverage (estimated 3.3x debt-to-EBITDA as of June 30, 2013,
including Moody's standard adjustments) and expectations for free
cash flow before dividends of more than $800 million or 23% of
debt balances over the next 12 months. Despite the increase in
debt-to-EBITDA from 2.8x as of March 31, 2013 (including Moody's
standard adjustments), leverage ratios along with other credit
metrics remain within the Ba3 category.

Since the beginning of 2013, the company increased funded debt
balances by $0.8 billion and repurchased roughly $1.3 billion of
common stock on the open market under its $2 billion common share
repurchase program. Moody's expects the company to fund additional
share repurchases with revolver advances and operating cash flow
while maintaining leverage and coverage ratios within the Ba3
category given management's 3.5x target for reported leverage. The
Ba3 CFR reflects Moody's expectations that, despite the potential
for higher debt balances to partially fund distributions, the
self-pay subscriber base and operating performance of Sirius will
be supported by continued growth in the delivery of light vehicles
in the U.S. over the next 12 months and management will keep
leverage within its target range.

Sirius continues to position itself for enhanced financial
flexibility. As proposed, the new notes are covenant-lite with no
limitations on restricted payments nor debt issuances which
mirrors the covenant-lite structure for the $1.6 billion of notes
issued earlier this year. In contrast, the existing 5.25% notes
due 2022 provide a 3.50x leverage ratio incurrence test for
restricted payments and a 6.0x leverage ratio test for additional
indebtedness. Furthermore, management has stated that it is
looking at forming a new holding company in the near term.

Looking forward, Moody's expects U.S. deliveries of light vehicles
in 2013 to climb to 15.75 million units which is higher than its
15.25 million unit estimate at the beginning of this year. Growth
in new vehicle deliveries and modest economic recovery should
support net self-pay subscriber additions from the current 20.3
million over the next 12 months. Moody's expects EBITDA in 2013 to
increase to $1.1 billion (including Moody' standard adjustments)
accompanied by reduced capital spending in the years leading up to
the next satellite launch cycle. Continued growth in the
subscriber base will drive EBITDA increases and could better
position the company to fund the next cycle of significant
expenditures related to construction and launching of replacement
satellites beginning as early as 2016 so long as share repurchases
and dividends are maintained within prudent levels. Longer term,
ratings remain constrained as Sirius will increasingly share the
dashboard of new vehicles with OEM installed devices providing
competitive advertising-supported media, including internet radio
services. Moody's expects greater competition will also lead to
higher programming costs adding to scheduled increases in royalty
payments paid by Sirius on behalf of performing artist and
recorded music companies. These higher costs may not be entirely
offset by increases in consumer subscription rates.

In August 2013, the company announced an agreement to acquire the
connected vehicle business of Agero, Inc. for $530 million. This
transaction is expected to close by the end of 2013 subject to
regulatory approvals and is not expected to have a material
negative impact on EBITDA, free cash flow or capital spending. The
Agero business provides location-based services through two-way
wireless connectivity, including safety, security, convenience,
maintenance and data services as well as remote vehicle
diagnostics. Management expects Agero will become a restricted
subsidiary and guarantor.

The stable outlook reflects Moody's view that Sirius will increase
its self-pay subscriber base reflecting good demand for new
vehicles in the U.S. and resulting in higher revenue and EBITDA.
The outlook incorporates Sirius maintaining good liquidity, even
after the Agero acquisition as well as during periods of satellite
construction, and the likelihood of share repurchases or
additional dividends being funded from revolver advances, new debt
issuances, or free cash flow. The outlook does not incorporate
highly leveraging transactions or a level of shareholder
distributions that would negatively impact liquidity or sustain
debt-to-EBITDA ratios above 3.75x (including Moody's standard
adjustments). The stable outlook assumes that changes in the
corporate structure, including a potential tax free spin-off, will
not adversely impact the company's operating strategy, credit
metrics, or financial policies. Ratings could be downgraded if
debt-to-EBITDA ratios are sustained above 3.75x (including Moody's
standard adjustments) or if free cash flow generation falls below
targeted levels as a result of subscriber losses due to a
potentially weak economy or migration to competing media services
or due to functional problems with satellite operations. A
weakening of Sirius' liquidity position below expected levels as a
result of dividends, share repurchases, capital spending, or
additional acquisitions could also lead to a downgrade. Ratings
could be upgraded if management demonstrates a commitment to
balance debt holder returns with those of its shareholders.
Moody's would also need assurances that the company will operate
in a financially prudent manner consistent with a higher rating
including sustaining debt-to-EBITDA ratios below 2.75x (including
Moody's standard adjustments) and free cash flow-to-debt ratios
above 20% even during periods of satellite construction.

The principal methodology used in this rating was the Global
Broadcast and Advertising Related Industries Methodology published
in May 2012. Other methodologies used include Loss Given Default
for Speculative-Grade Non-Financial Companies in the U.S., Canada
and EMEA published in June 2009.

Sirius XM Radio Inc., headquartered in New York, NY, provides
satellite radio services in the United States and Canada. The
company creates and broadcasts commercial-free music; premier
sports talk and live events; comedy; news; exclusive talk and
entertainment; and comprehensive Latin music, sports and talk
programming. Sirius XM services are available in vehicles from
major car companies in the U.S., and programming is also available
online as well as through applications for smartphones and other
connected devices. The company holds a 37.7% interest in Sirius XM
Canada which has more than 2 million subscribers. Sirius is
publicly traded and a controlled company of Liberty Media
Corporation which owns over 50% of common shares and controls a
majority of the board of directors. Sirius reported 25.1 million
subscribers, including 20.3 million self-pay subscribers, at the
end of June 2013 and generated revenue of $3.6 billion for the
trailing 12 months ended June 30, 2013.


SIRIUS XM: S&P Assigns 'BB' Rating to $600MM Sr. Notes Due 2020
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned New York City-based
satellite radio company Sirius XM Radio Inc.'s proposed issuance
of $600 million senior notes due 2020 an issue-level rating of
'BB', with a recovery rating of '3'.  The '3' recovery rating
indicates S&P's expectation for meaningful (50% to 70%) recovery
in the event of a payment default.  Sirius plans to use the net
proceeds to redeem $540 million 7.625% senior notes due 2018.

"The rating on Sirius XM Radio incorporates our expectation that
leverage will not increase above our 4.5x threshold for the
company at this rating, despite moves to boost shareholder
returns, because of its good operating outlook and growing
discretionary cash flow.  We assess Sirius' business risk profile
as "fair," reflecting its stable churn, despite modest price
increases, steady growth of new subscribers, dependence on U.S.
new auto sales and consumer discretionary spending for growth, and
its intermediate-term vulnerability to competition from
alternative media.  We view Sirius XM's financial risk profile as
"significant" because of rising debt leverage and more aggressive
financial policies following Liberty Media Corp.'s January 2013
increase in its equity interest to a majority stake," S&P said.

In December 2012, the company paid a $327 million special dividend
and authorized a $2 billion share repurchase program.  The company
had purchased nearly $1.3 billion under this program through
July 24, 2013.  Pro forma for the transaction, lease-adjusted
gross debt to EBITDA, was 3.1x at June 30, 2013, a decline from
3.9x a year ago.  The rating outlook is stable, as S&P do not
expect the debt-to-EBITDA ratio to increase above our 4.5x target
in the intermediate term.

RATINGS LIST

Sirius XM Radio Inc.
Corporate Credit Rating          BB/Stable/--

New Rating

Sirius XM Radio Inc.
Senior Unsecured
  $600M notes due 2020            BB
   Recovery Rating                3


SOUND SHORE: Panel Retains Deloitte Financial as Financial Advisor
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Sound Shore
Medical Center of Westchester et al sought and obtained approval
from the U.S. Bankruptcy Court to retain Deloitte Financial
Advisory Services LLP as financial advisor.

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

Sound Shore Medical Center of Westchester, Mount Vernon Hospital
Inc., Howe Avenue Nursing Home and related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22840) on
May 29, 2013, in White Plains, New York.

The Debtors are the largest "safety net" providers for Southern
Westchester County in New York.  Affiliated with New York Medical
College, Sound Shore is a not-for-profit 242-bed, community based-
teaching hospital located in New Rochelle, New York.  Mountain
Vernon Hospital is a voluntary, not-for-profit 176-bed hospital
located in Mount Vernon, New York.  Howe Avenue Nursing Home is a
150-bed, comprehensive facility.

The Debtors tapped Burton S. Weston, Esq., at Garfunkel Wild, P.C.
as counsel; Alvarez & Marsal Healthcare Industry Group, LLC, as
financial advisors; and GCG Inc., as claims agent.

The Debtors are seeking to sell their assets to the Montefiore
health system.  In June 2013, Montefiore added $4.75 million to
its purchase offer for Sound Shore Medical Center and Mount Vernon
Hospital to speed up the sale.  Montefiore raised its bid to
$58.75 million plus furniture and equipment as part of a request
for a private sale of the bankrupt New Rochelle and Mount Vernon
hospitals, which the Bronx-based health system would like to buy
by August 2.  Montefiore is represented by Togut, Segal & Segal
LLP.

Alston & Bird LLP represents the Official Committee of Unsecured
Creditors.

Sound Shore disclosed assets of $159.6 million and liabilities
totaling $200 million.  Liabilities include a $16.2 million
revolving credit and a $5.8 million term loan with Midcap
Financial LLC.  There is $9 million in mortgages with Sun Life
Assurance Co. of Canada (US) and $11.5 million owing to the New
York State Dormitory Authority.

Neubert, Pepe & Monteith, P.C., represents Daniel T. McMurray, the
patient care ombudsman for Sound Shore.


SOUND SHORE: Seeks Extension to File Plan Until Jan. 24
-------------------------------------------------------
Sound Shore Medical Center of Westchester, et al., ask the U.S.
Bankruptcy Court for permission to extend the deadline to file
their chapter 11 plan and solicit votes on the plan to Jan. 24,
2013, and March 25, 2013, respectively.

The filing of a plan of reorganization would be premature at this
time, according to the Debtors.  Thus far, the Debtors' efforts
have been focused on addressing immediate concerns stemming from
these filings and the anticipated sale of substantially all assets
to Montefiore Medical Center's designees, many of must be resolved
prior to the formulation of a plan.  Among other things, the
Debtors must attend not only to the ongoing administration of the
estates and these cases, but cash management and the continued
viability of operations, the myriad of information requests from
the creditor constituencies, and the legal, operational and
transitional issues relating to the sale and post closing process.

A transition of the magnitude contemplated by the Sale places an
incredible stress on any organization.  This process is further
complicated by the heavy regulatory overlay under which the
Debtors must effectuate the Sale, as well as the rigors of the
bankruptcy process.  Thus, the Debtors will need additional time
to effectively negotiate and file a plan of reorganization and
develop a strategy for the successful confirmation of these cases.
This is the Debtors' first request for an extension of the
Exclusivity Periods. The Debtors submit that the extension is
reasonable under the circumstances.

Hearing on the motion is set for Dec. 2, 2013, at 10:00 a.m. at
U.S. Court, 300 Quarropas Street, White Plains, New York, 10601.

Counsel for the Debtor can be reached at:

         Burton S. Weston, Esq.
         Afsheen A. Shah, Esq.
         Adam T. Berkowitz, Esq.
         GARFUNKEL WILD, P.C.
         111 Great Neck Road
         Great Neck, NY 11021
         Tel: (516) 393-2200
         Fax: (516) 466-5964

Sound Shore Medical Center of Westchester, Mount Vernon Hospital
Inc., Howe Avenue Nursing Home and related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22840) on
May 29, 2013, in White Plains, New York.

The Debtors are the largest "safety net" providers for Southern
Westchester County in New York.  Affiliated with New York Medical
College, Sound Shore is a not-for-profit 242-bed, community based-
teaching hospital located in New Rochelle, New York.  Mountain
Vernon Hospital is a voluntary, not-for-profit 176-bed hospital
located in Mount Vernon, New York.  Howe Avenue Nursing Home is a
150-bed, comprehensive facility.

The Debtors tapped Burton S. Weston, Esq., at Garfunkel Wild, P.C.
as counsel; Alvarez & Marsal Healthcare Industry Group, LLC, as
financial advisors; and GCG Inc., as claims agent.

The Debtors are seeking to sell their assets to the Montefiore
health system.  In June 2013, Montefiore added $4.75 million to
its purchase offer for Sound Shore Medical Center and Mount Vernon
Hospital to speed up the sale.  Montefiore raised its bid to
$58.75 million plus furniture and equipment as part of a request
for a private sale of the bankrupt New Rochelle and Mount Vernon
hospitals, which the Bronx-based health system would like to buy
by August 2.  Montefiore is represented by Togut, Segal & Segal
LLP.

Alston & Bird LLP represents the Official Committee of Unsecured
Creditors.

Sound Shore disclosed assets of $159.6 million and liabilities
totaling $200 million.  Liabilities include a $16.2 million
revolving credit and a $5.8 million term loan with Midcap
Financial LLC.  There is $9 million in mortgages with Sun Life
Assurance Co. of Canada (US) and $11.5 million owing to the New
York State Dormitory Authority.

Neubert, Pepe & Monteith, P.C., represents Daniel T. McMurray, the
patient care ombudsman for Sound Shore.


SOUTH LAKES: Modifies Plan on Provisions for Class 13 Claims
------------------------------------------------------------
South Lakes Dairy Farm modified its Plan of Reorganization dated
March 20, 2013, specifically on the provision for Class 13 general
unsecured claims not included in Class 12 Claims.

Class 13 Claims include the deficiency claims of secured creditors
who have repossessed and liquidated their collateral, the
unsecured portion of secured claims, and general unsecured claims
arising out of the rejection of executory contracts and unexpired
leases.

The Debtor estimates the amount of general unsecured claims total
$8.77 million.  However, insider creditors that are controlled y
the principals of the Debtor will waive their general unsecured
claims.  Insider creditors with general unsecured claims to be
waived are:  Schakel Family Partnership, LP; M&R Transport, LLC;
and Fred and Audrey Schakel as trustees of the Schakel Family
Trust dated Nov. 5, 2012.  Thus, the Debtor estimates that amoun t
of the allowed Class 13 Claims will be $7.85 million.

Class 13 claims are impaired.  It will not accrue interest.

The Debtor propose to pay $2.63 million to unsecured creditors on
a pro-rata basis over a 7-year period.

   * The Debtor will pay $200,000 received from its principals to
     Class 13 Claimants by June 30, 2014.

   * The Debtor will then make payments totaling $25,000 per month
     to Class 13 Claimants on the 5th day of the month following
     the Effective Date, and continuing each month for 36 months.

   * The Debtor will make payments totaling $32,000 per month fo
     the Class 13 Claimants commencing on the 5th day of the month
     starting on the 37th month following the Effective Date or
     until the Debtor has paid $2.63 million to Class 13
     Claimants, whichever is first.

All Class 13 Claimants will get a pro rata share of each
distribution made by the Debtor under the Plan based on the amount
of their allowed Claims.

In addition to the $2.63 million, amounts recovered by the Debtor
for any preference or fraudulent conveyance actions, after
reduction for costs of recovery, will be paid to the Class 13
Claimants on a pro rata share basis.

Claims held by Class 13 Claimants will be revived to the full
unpaid amount of the Allowed Claims if the Debtor sells
substantially all of its assets outside the ordinary course of its
business prior to the 84th month following the Plan effective
date.

                     About South Lakes Dairy

South Lakes Dairy Farm is a California partnership engaged in the
dairy cattle and milking business.  The partnership filed a bare-
bones Chapter 11 petition (Bankr. E.D. Calif. Case No. 12-17458)
in Fresno, California on Aug. 30, 2012.  The Debtor said it has
$1.97 million in accounts receivable charged to Dairy Farmers of
America on account of milk proceeds, and that it has cattle worth
$12.06 million.  The farm owes $12.7 million to Wells Fargo Bank
on a secured note.

The Debtor disclosed, in an amended schedules, $25,281,583 in
assets and $26,193,406 in liabilities as of the Chapter 11 filing.
The Debtor disclosed $19.5 million in assets and $25.4 million in
liabilities in a prior iteration of the schedules.

Bankruptcy Judge W. Richard Lee presides over the case.  Jacob L.
Eaton, Esq., at Klein, DeNatale, Goldner, Cooper, Rosenlieb
& Kimball, LLP, in Bakersfield, Calif., represents the Debtor as
counsel.  The Debtor tapped A&M Livestock Auction, Inc., to
auction livestock.

August B. Landis, the Acting U.S. Trustee for Region 17, appointed
seven creditors to serve in the Official Committee of Unsecured
Creditors.  Ronald A. Clifford, Esq., at Blakley & Blakeley LLP,
represents the Creditors Committee as counsel.


SOUTHERN FILM: Gets Final OK to Incur Loan From Epsilon Plastics
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North
Carolina authorized, on a final basis, Southern Film Extruders,
Inc., to incur postpetition secured financing; and use prepetition
cash collateral.

On the Petition Date, the Debtor owed PNC Bank National
Association and PNC Equipment Finance, LLC a total of $8,098,144.

The Debtor related that on the day after the entry of the first
interim order, Epsilon Plastics, Inc. and PNC closed the purchase
of the PNC Prepetition Debt, and Epsilon succeeded to the PNC
Prepetition Debt, the Prepetition PNC Documents, and the PNC
Prepetition Collateral.  Epsilon has provided postpetition funding
to the Debtor.

Epsilon has the right under Section 363(k) of the Bankruptcy Code
to use the PNC Prepetition Debt, the PNC Prepetition Collateral,
the DIP Financing, and the Adequate Protection Liens as a credit
bid at any sale of the Debtor's assets whether pursuant to a plan
or otherwise, and Epsilon has the right to assign its credit bid
to any third party designated by Epsilon.

The Debtor's right to use cash collateral and obtain DIP Financing
from Epsilon will terminate on the earlier of (i) Oct. 5, 2013, or
(ii) the day before the closing as that term is defined in the
order regarding sale of substantially all of the Debtor's assets.

A copy of the terms of the financing and budget is available for
free at:

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

                        About Southern Film

Southern Film Extruders, Inc., is the business of developing and
manufacturing specialized film used in packaging various products.
It has two plants in High Point, North Carolina.

On July 25, 2013, an involuntary Chapter 7 petition was filed
against Southern Film.  In response thereto, Southern Film filed a
Chapter 11 petition (Bankr. M.D.N.C. Case No. 13-11026) on Aug. 4,
2013.

The Debtor experienced severe cash flow issues as a result of the
loss of its largest customer prompted the bankruptcy filing.

John L. Barnes, Jr., signed the Chapter 11 petition as vice
president.  The Debtor estimated assets of at least $10 million
and debts of at least $1 million.  Charles M. Ivey, III, Esq., at
Ivey, McClellan, Gatton, & Talcott, LLP, represents the Debtor as
counsel.


SPRINGLEAF FINANCE: Prices Offering of Senior Notes
---------------------------------------------------
Springleaf Finance Corporation priced $150 million aggregate
principal amount of 7.75 percent senior notes due 2021 and $100
million aggregate principal amount of 8.25 percent senior notes
due 2023 in connection with its previously announced private notes
offering exempt from the registration requirements of the
Securities Act of 1933, as amended.  In connection with the
offering, the Company expects to simultaneously issue $500 million
aggregate principal amount of 2021 notes and $200 million
aggregate principal amount of 2023 notes in a privately negotiated
exchange for $700 million aggregate principal amount of its
outstanding 6.90 percent Medium Term Notes, Series J, due 2017.

The closing of the offering is expected to occur on Sept. 24,
2013, subject to customary closing conditions and subject to the
closing of the exchange transaction.

The Company intends to use the net proceeds from the notes
offering to pay fees and expenses related to the offering of the
notes and the exchange transaction and for general corporate
purposes, including the repayment or repurchase of a portion of
its outstanding debt.

The Notes will not be registered under the Securities Act or any
state securities law and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration under the Securities Act and applicable state
securities laws.  The Notes will be offered in the United States
only to qualified institutional buyers under Rule 144A of the
Securities Act and outside the United States under Regulation S of
the Securities Act.

                     About Springleaf Finance

Springleaf was incorporated in Indiana in 1927 as successor to a
business started in 1920.  From Aug. 29, 2001, until the
completion of its sale in November 2010, Springleaf was an
indirect wholly owned subsidiary of AIG.  The consumer finance
products of Springleaf and its subsidiaries include non-conforming
real estate mortgages, consumer loans, retail sales finance and
credit-related insurance.

As of June 30, 2013, the Company had $13.47 billion in total
assets, $12.18 billion in total liabilities and $1.28 billion in
total shareholders' equity.

                           *     *     *

The Troubled Company Reporter said on Feb. 8, 2012, that Standard
& Poor's Ratings Services lowered its issuer credit rating on
Springleaf Finance Corp. and its issue credit rating on the
company's senior unsecured debt to 'CCC' from 'B'.  Standard &
Poor's also said it lowered its issue credit ratings on
Springfield's senior secured debt to 'CCC+' from 'B+' and on the
company's preferred debt to 'CC' from 'CCC-'.  The outlook on
Springleaf's issuer credit rating is negative.

"Springleaf's announcement that it will shut down about 60
branches and stop lending in 14 states highlights the operating,
funding, and liquidity challenges that the firm faces as it works
to pay down the $2 billion of debt coming due in 2012 and to
establish a stable long-term funding strategy.  The downgrade also
reflects the company's poor earnings, exposure to weak residential
markets and uncertainty about its ability to refinance debt or
securitize assets over the coming year.  We believe that should
its funding or securitization options become unavailable, the
company will not have enough liquidity to survive 2012, and in
that case a distressed debt exchange would be likely.  The company
has retained financial advisors to assess its options," S&P said.

In the June 5, 2012, edition of the TCR, Moody's Investors Service
downgraded Springleaf Finance Corporation's senior unsecured and
corporate family ratings to Caa1 from B3.  The downgrade reflects
Springleaf's funding constraints and uncertain liquidity outlook,
increased operational stresses, and record of operating losses
since early 2008.

As reported by the TCR on Sept. 2, 2013, Fitch Ratings has
upgraded the long-term Issuer Default Rating (IDR) of Springleaf
Finance Corporation to 'B-' from 'CCC'.  The rating upgrades
primarily reflect the significant progress made by the company
toward repaying near-term debt and extending its liquidity runway,
combined with improved operating performance, highlighted by the
return to profitability in 2Q13.


ST. MARIE CLINIC: Payments to Carrillo et al. May Be Avoided
------------------------------------------------------------
The Motion for Summary Judgment filed by William G. West, the
Chapter 7 Trustee of St. Marie Clinic PA, is granted, in part, and
denied, in part, Bankruptcy Judge Marvin Isgur held in a Sept. 17,
2013 Memorandum Opinion is available at http://is.gd/hPbSNXfrom
Leagle.com.

Mr. West seeks: (1) the avoidance of numerous pre and post-
petition transfers; (2) a declaratory judgment that the
transferred property is property of the estate; (3) an order for
turnover and/or imposition of a constructive trust on the
transferred funds; and/or (4) a judgment against the remaining
defendants.  Summary judgment on the avoidance of the pre-petition
transfers is granted, in part, and denied, in part. Summary
judgment on the avoidance of the post-petition transfers is
granted, in part, and denied, in part.

Pursuant to 11 U.S.C. Sec. 550(a), Mr. West may recover the value
of fraudulently transferred property.  Summary judgment against
Dr. Carrillo is granted, in the amount of $197,450.00. Summary
judgment against Heberto Carrillo, as Trustee of the Carrillo
Children Trust, is granted in the amount of $33,865.36. Summary
judgment against Martha Medrano is granted in the amount of
$27,000.00.

St. Marie Clinic, PA, in Mission, Texas, filed for Chapter 11
bankruptcy (Bankr. S.D. Tex. Case No. 10-70802) on Nov. 11, 2010.
St. Marie operated a health care facility in Hidalgo County,
Texas.

Judge Richard S. Schmidt was assigned to the case.  Antonio
Villeda, Esq. -- avilleda@mybusinesslawyer.net -- at Law Offices
Of Antonio Villeda, served as Chapter 11 counsel.  In its
petition, the clinic estimated $1 million to $10 million in both
assets and debts.  The petition was signed by Eduardo Carrillo,
president.

On Sept. 2, 2011, the case was converted to one under Chapter 7.

On March 4, 2011, St. Marie and its creditors agreed to the entry
of an Order For The Appointment of an Examiner.  On March 14,
2011, Michael B. Schmidt was appointed Examiner.


TERVITA CORP: Bank Debt Trades at 2% Off
----------------------------------------
Participations in a syndicated loan under which Tervita Corp is a
borrower traded in the secondary market at 97.94 cents-on-the-
dollar during the week ended Friday, September 20, 2013, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents a decrease of 0.92
percentage points from the previous week, The Journal relates.
Tervita Corp pays 500 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Jan. 24, 2018.  The bank debt
carries is not rated by Moody's and Standard & Poor's rating.  The
loan is one of the biggest gainers and losers among 204 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Tervita, based in Calgary, Alberta, is a privately-owned oilfield
services company providing waste management, maintenance/workover
and reclamation services.

                           *     *     *

As reported in the Troubled Company Reporter on Jan. 31, 2013,
Moody's Investors Service assigned B2 ratings to Tervita
Corporation's proposed US$500 million senior secured term loan
(due 2018), and $1.1 billion (USD equivalent) of first lien notes
(due 2018). Moody's also assigned a Ba3 rating to Tervita's
proposed $300 million first-out senior secured revolver (due
2018). Tervita's B3 corporate family (CFR), B3-PD probability of
default, Caa2 senior unsecured, Caa2 senior subordinate and SGL-3
speculative grade liquidity ratings were affirmed. Tervita's
rating outlook remains negative.


TIMIOS NATIONAL: Purchases All Assets of Adobe Title
----------------------------------------------------
Timios, Inc., a wholly-owned subsidiary of Timios National
Corporation, entered into an Asset Purchase Agreement with Adobe
Title, LLC, and Adobe's members, Geoff Henley and Hudson Henley.
Adobe provides title insurance and escrow services to lenders.

Under the terms of the Agreement, Timios acquired all of the
assets and properties of, and assumed certain liabilities, from
Adobe in consideration of (i) $500,000, plus (ii) an earn-out
equal to 7.25 percent of the Gross Revenue of Adobe, up to a
maximum of $3,500,000, starting approximately six months from the
date of the Agreement and ending on the 48th monthly anniversary
of that start date.  The Base Purchase Price consists of a cash
payment equal to $200,000 and a promissory note in the principal
amount of $300,000.  The cash portion of the Base Purchase Price
is payable in two equal installments of $100,000 each, the first
of which was paid at the closing and the second will be paid on
Nov. 30, 2013.  The promissory note is in the principal amount of
$300,000 and accrues interest at an annual rate of 8 percent
compounded annually, payable in one lump sum on or before the date
of the last payment under the Earn-Out is to be made.

In connection with the Agreement, Adobe and Messrs. Henley also
entered into a Non-Competition, Non-Solicitation and
Confidentiality Agreement with Timios, pursuant to which they
agreed, and will cause their affiliates to agree, for a period
commencing as of the date of the Agreement until the later of (i)
thirty-six months; and (ii) the full satisfaction of Timios's
Earn-Out obligations, (a) not to engage, directly or indirectly,
in providing services related to title insurance and escrow
services for residential and commercial real property transactions
anywhere in the State of Texas, (b) not to solicit, directly or
indirectly, any existing or prospective customers, clients or
partners of Adobe and (c) not to solicit, directly or indirectly,
any employees and service providers of Adobe.

A copy of the Asset Purchase Agreement is available for free at:

                        http://is.gd/hD3FY0

                        About Timios National

Timios National Corporation (formerly known as Homeland Security
Capital Corporation) was incorporated in Delaware on Aug. 12,
1997, under the name "Celerity Systems, Inc."  In August 2005, the
Company changed its name to "Homeland Security Capital
Corporation" and changed its business plan to seek acquisitions of
and joint ventures with companies operating in the homeland
security business sector and, until July 2011, operated soley as a
provider of specialized, technology-based, radiological, nuclear,
environmental, disaster relief and electronic security solutions
to government and commercial customers.  The Company's corporate
headquarters is located in Arlington, Virginia.

Timios National disclosed a net loss of $2.76 million for the year
ended Dec. 31, 2012, as compared with a net loss of $3.98 million
for the year ended June 30, 2011.  The Company's balance sheet at
June 30, 2013, showed $4.87 million in total assets, $2.44 million
in total liabilities and $2.42 million in total stockholders'
equity.


TRANS ENERGY: Presented at BetterInvesting National Convention
--------------------------------------------------------------
Trans Energy, Inc., is the sponsor of the kickoff luncheon of the
2013 BetterInvesting National Convention.  The 62nd annual
convention is being held from Thursday, September 19th through
Sunday, September 22nd at the Sheraton Station Square Hotel in
Pittsburgh.  Chairman Steve Lucado and President John Corp
delivered the company's presentation at the kickoff luncheon at
12:25 p.m. Eastern time on Thursday, September 19th.  Trans
Energy, a corporate sponsor of the convention, will also host a
trade show booth where attendees can visit with the management
team and learn more about the Company's significant upside
potential in the Marcellus Shale.

The presentation focused on the company's development efforts in
the Marcellus Shale, specifically in Marion, Marshall, Tyler and
Wetzel counties in Northern West Virginia.  The presentation
covered the following topics:

     * General information about Trans Energy, Inc.
     * Discussion of drilling results
     * Production history and future drilling plans
     * Wet gas economics
     * SEC Reserves
     * Debt financing ? Credit Agreement
     * Other information

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

In its audit report on the Company's 2011 results, Maloney +
Novotny, LLC, in Cleveland, Ohio, noted that the Company has
generated significant losses from operations and has a working
capital deficit of $18.37 million at Dec. 31, 2011, which together
raises substantial doubt about the Company's ability to continue
as a going concern.

The Company's balance sheet at June 30, 2013, showed $88.89
million in total assets, $85.48 million in total liabilities and
$3.40 million in total stockholders' equity.


TXU CORP: Bank Debt Trades at 32% Off
-------------------------------------
Participations in a syndicated loan under which TXU Corp is a
borrower traded in the secondary market at 68.30 cents-on-the-
dollar during the week ended Friday, September 20, 2013, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents a decrease of 0.38
percentage points from the previous week, The Journal relates.
TXU Corp pays 350 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Oct. 10, 2014.  The bank debt
carries is withdrawn by Moody's and not rated Standard & Poor.
The loan is one of the biggest gainers and losers among 204 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

          About Energy Future Holdings, fka TXU Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

                Restructuring Talks With Creditors

In April 2013, Energy Future Holdings Corp., Energy Future
Competitive Holdings Company, Texas Competitive Electric Holdings
Company LLC, and Energy Future Intermediate Holding Company LLC
confirmed in a regulatory filing that they are in restructuring
talks with certain unaffiliated holders of first lien senior
secured claims concerning the Companies' capital structure.

The Companies expect to continue to explore all available
restructuring alternatives to facilitate the creation of
sustainable capital structures for the Companies and to otherwise
attempt to address the Creditors' concerns with the Restructuring
Proposal and Sponsor Proposal.

The Companies have retained Kirkland & Ellis LLP and Evercore
Partners to advise the Companies with respect to the potential
changes to the Companies' capital structure and to assist in the
evaluation and implementation of other potential restructuring
options.

The Creditors have retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP and Millstein & Co., L.P. to advise the Creditors and
to assist in the Creditors' evaluation of potential restructuring
options involving the Companies.

According to a Wall Street Journal report, people familiar with
the matter said Apollo Global Management LLC, Oaktree Capital
Management, Centerbridge Partners and GSO Capital Partners, the
credit arm of buyout firm Blackstone Group LP, all hold large
chunks of Energy Future Holdings' senior debt.  Many of these
firms belong to a group being advised by Jim Millstein, a
restructuring expert who helped the U.S. government revamp
American International Group Inc.

According to the Journal, people familiar with Apollo's thinking
said Apollo recently enlisted investment bank Moelis & Co. for
additional advice to ensure it gets as much attention as possible
on the case given its large debt holdings.

                           *     *     *

In the Feb. 1, 2013, edition of the TCR, Fitch Ratings lowered
the Issuer Default Ratings (IDR) of Energy Future Holdings Corp
(EFH) and Energy Future Intermediate Holding Company LLC (EFIH) to
'Restricted Default' (RD) from 'CCC' on the conclusion of the debt
exchange and removed the Rating Watch Negative.

As reported by the TCR on Feb. 4, 2013, Standard & Poor's Ratings
Services said it raised its corporate credit ratings on EFH, EFIH,
TCEH, and Energy Future Competitive Holdings Co. (EFCH) to 'CCC'
from 'D' following the completion of several debt exchanges, each
of which S&P considers distressed.

In February 2013, Moody's Investors Service withdraw Energy
Future Holdings Corp.'s Caa3 Corporate Family Rating, Caa3-PD
Probability of Default Rating, SGL-4 Speculative Grade Liquidity
Rating and developing rating outlook.  At the same time, Moody's
assigned a Ca CFR to Energy Future Competitive Holdings Company
and a B3 CFR to Energy Future Intermediate Holdings Company LLC.
Both EFCH and EFIH are intermediate subsidiary holding companies
wholly-owned by EFH. EFCH's rating outlook is negative. EFIH's
rating outlook is negative.

"We see different default probabilities between EFCH and EFIH,"
said Jim Hempstead, senior vice president. "We believe EFCH has a
high likelihood of default over the next 6 to 12 months, because
it is projected to run out of cash in early 2014. EFIH has a much
lower likelihood of default owing to the credit separateness that
EFH is creating between EFIH and Texas Competitive Electric
Holdings Company LLC along with EFIH's reliance on stable cash
flows from its regulated transmission and distribution utility,
Oncor Electric Delivery Company."


UNIFIED 2020: Oct. 28 Hearing on Adequacy of Plan Outline
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas will
convene a hearing on Oct. 28, 2013, at 10:30 a.m., to consider the
adequacy of information in the Disclosure Statement explaining
Unified 2020 Realty Partners, LP's Plan of Liquidation, as
filed on Aug. 4, 2013.

As reported in the Troubled Company Reporter on Aug. 14, 2013,
because the actual operations of the Debtor's business are not
adequate to cover the debt service of the Debtor, and for other
reasons, the Debtor has decided to sell its property through its
Plan.  The stalking horse buyer is Moms Against Hunger.  The
proposed purchase price is $30,127,283.

If qualifying bids are received, then a public auction will be
held at the U.S. Bankruptcy Court for the Northern District of
Texas.  In the event that a Qualified Bidder outbids Mom's Against
Hunger at the Auction sale, a Breakup Fee in the amount of
reasonable costs and fees incurred by Mom's Against Hunger not to
exceed 3% of the total Sales Proceeds or $903,818.48 is approved
and will be paid from the Sales Proceeds at Closing.

A hearing to approve the successful bid at the auction will be
scheduled for no later than five days following the sales
date.

According to the First Disclosure Statement, the Class 5 Allowed
Secured Claim of United Central Bank will be allowed in the amount
of $12,614,018.20 or such amount as agreed to by UCB and the
Debtor or if not agreed, then as determined by the Court.  The
Debtor will pay UCB in full on the Effective Date out of the Cash
Down Payment as Closing.

The estimated amount of UCB'S total claim is $16,659,773.65, based
on the Debtor' schedules.  UCB will have no Allowed Unsecured
Claim after receipt of its Allowed Secured Claim.

Class 8 Allowed General Unsecured Claims are estimated at
$24,523,617.  As of Aug. 5, 2013, the unsecured claims filed in
the case total $510,538.58.  Class 8 Claims will be paid once
allowed pro rata out of the Seller Financing.  The projected
return to this Class is 100%.

All equity interests in the Debtor will be retained because the
Plan proposes to pay allowed claims of all creditors in full.

A copy of the First Disclosure Statement is available at:

        http://bankrupt.com/misc/unified2020.doc135.pdf

                     About Unified 2020 Realty

Unified 2020 Realty Partners, LP, filed a bare-bones petition
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
13-32425) in its home-town in Dallas on May 6, 2013.  The petition
was signed by Edward Roush as president of general partner.  The
Debtor disclosed $44.7 million in total assets and $31.6 million
in liabilities as of the Chapter 11 filing.  The Debtor says it
owns and leases infrastructure critical to telecommunications
companies and data center facilities.  Judge Stacey G. Jernigan
presides over the Chapter 11 case.

Arthur I. Ungerman, Esq., and Kerry S. Alleyne-Simmons, Esq., at
the Law Office of Arthur Ungerman, in Dallas, Texas, represent the
Debtor.  Peter C. Lewis, Esq., and Jacob W. Sparks, Esq., at
Scheef & Stone, LLP, in Dallas, Texas, represent United Central
Bank.

In its schedules, the Debtor disclosed $280,178,409 in assets and
$46,378,972 in liabilities.


UNITED DISTRIBUTION: S&P Revises Outlook & Affirms 'B-' CCR
-----------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Bristol, Tenn.-based United Distribution Group Inc.
(UDG) to negative from stable.  At the same time, S&P affirmed the
ratings on UDG, including the 'B-' corporate credit rating.

The outlook revision reflects S&P's view that operating conditions
for UDG will remain challenging for the next several years due to
ongoing weakness in its mining (predominantly coal) end markets,
which account for about 50% of salesUDG derives about 50% of
mining revenues from customers in the Central Appalachian (CAPP)
region, where mines have closed due to low thermal as well as
metallurgical (met) coal prices, thinning coal seams, rising
costs, and significant regulatory and environmental constraints.

In addition, sales to UDG's upstream oil and gas end markets
(approximately 27% of sales) declined in the first half of 2013
due to lower rig counts, although S&P would expect the declining
sales to level off in the latter half of the year due to flat rig
counts.  These factors caused UDG's total revenues and EBITDA for
the first six months of 2013 to decline about 20% compared with
the same period last year (pro forma for the 2012 acquisition of
GHX Holdings LLC), and as a result, headroom under UDG's leverage
covenant has declined to less than 15% as of June 30, 2013.  This
leads S&P to reassess UDG's liquidity as "less than adequate".

The negative outlook reflects the risk that improving oil and gas
end markets will not be sufficient to offset what S&P views as an
ongoing decline in UDG's mining end markets, which are heavily
exposed to CAPP coal.

"This could lead to continued declining headroom under the
company's leverage covenant, which could constrain its liquidity.
We expect leverage in excess of 6x with FFO to total debt of less
than 10%," said Standard & Poor's credit analyst Megan Johnston.

S&P could lower the ratings if it views a covenant breach as
likely.  This could occur if sales and EBITDA continue to decline
znd UDG is unable to obtain covenant relief from its lenders.

S&P could revise the outlook to stable if it thinks UDG is able to
sustainably keep headroom under its total leverage covenant above
15%.  This could occur if sales and EBITDA attributable to its oil
and gas markets continue to improve and is able to offset
declining sales and EBITDA to its coal end markets.  Although
unlikely in the near term, S&P could also revise the outlook to
stable if UDG is able to reduce debt and keep leverage below 6x.


UNITEK GLOBAL: Hires Grant Thornton as Accountants
--------------------------------------------------
UniTek Global Services, Inc., at the direction of the Audit
Committee of its Board of Directors, engaged Grant Thornton LLP as
the Company's independent registered public accounting firm to
audit the Company's 2013 financial statements.

                   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.


USG CORP: Reports Organizational Changes to Support Growth Plan
---------------------------------------------------------------
USG Corporation announced two executive organizational changes
effective October 1st.  Christopher R. Griffin, previously
executive vice president, operations is appointed executive vice
president and chief operating officer, USG Corporation.  Jennifer
F. Scanlon, previously vice president, USG Corporation and
president, International, is appointed senior vice president, USG
Corporation and President, International.  Mr. Griffin and Ms.
Scanlon will report to James S. Metcalf, chairman, president and
CEO.

"Chris is an exceptionally strong leader with a deep knowledge of
our industry and excellent relationships with our customers," said
James S. Metcalf, chairman, president and CEO.  "He has been
instrumental in successfully implementing USG's strategy and
positioning the company to take advantage of the anticipated
recovery in North American housing and construction markets.

"Jenny has done an outstanding job identifying international
growth opportunities that will facilitate our goal of diversifying
USG's earnings," Metcalf continued.  "I am confident that our new
operations in India and Oman, our joint venture in China, and our
other international operations will continue to thrive under
Jenny's leadership."

Since joining the company in 1997, Mr. Griffin has had
responsibility for a variety of functions and departments,
including sales, product management, marketing and international
operations.  He has more than 28 years of experience in the
building materials industry.

Ms. Scanlon joined USG in 2003 as the Director of Supply Chain
Management and Customer Relationship Management Strategy.  In
2007, she assumed responsibility for the company's Information
Technology strategy and operations until 2010, when she was
appointed Vice President, International.

"These organizational changes will facilitate the continued
implementation of USG's Plan to Win: Strengthening our core
manufacturing and distribution businesses in North America and
Diversifying the sources of our earnings, as we continue to
Differentiate USG through innovation," said Metcalf.  "We remain
confident that this is the right strategy and that we have the
right resources and people to successfully implement the
strategy."

Effective Oct. 1, 2013, Mr. Griffin will receive an annual base
salary of $535,000 in his position as executive vice president and
chief operating officer.  In addition, Mr. Griffin will be granted
an award of 10,000 restricted stock units under the Company's
Long-Term Incentive Plan.  This award of restricted stock will
vest 50 percent on the second anniversary of the date of grant and
50 percent on the fourth anniversary of the date of grant, in each
case provided that Mr. Griffin remains employed by the Company
during the applicable period.

                       About USG Corporation

Based in Chicago, Ill., USG Corporation -- http://www.usg.com/--
through its subsidiaries, manufactures and distributes building
materials producing a wide range of products for use in new
residential, new nonresidential and repair and remodel
construction, as well as products used in certain industrial
processes.

The company filed for Chapter 11 protection on June 25, 2001
(Bankr. Del. Case No. 01-02094).  When the Debtors filed for
protection from their creditors, they disclosed $3.252 billion in
assets and $2.739 billion in liabilities.  The Debtors emerged
from bankruptcy protection on June 20, 2006.

For the 12 months ended Dec. 31, 2012, the Company incurred a net
loss of $125 million on $3.22 billion of net sales, as compared
with a net loss of $390 million on $2.91 billion of net sales
during the prior year.  As of June 30, 2013, the Company had $3.68
billion in total assets, $3.64 billion in total liabilities and
$40 million in total stockholders' equity including noncontrolling
interest.

                            *     *     *

As reported by the TCR on Aug. 15, 2011, Standard & Poor's Ratings
Services lowered its corporate credit rating on USG Corp. to 'B'
from 'B+'.

"The downgrade reflects our expectation that USG's operating
results and cash flow are likely to be strained over the next year
due to the ongoing depressed level of housing starts and still-
weak commercial construction activity," said Standard & Poor's
credit analyst Thomas Nadramia.  "It is now more likely, in
our view, that any meaningful recovery in housing starts may be
deferred until late 2012 or into 2013.  As a result, the risk that
USG's liquidity in the next 12 to 24 months will continue to erode
(and be less than we incorporated into our prior ratings) has
increased.  The ratings previously incorporated a greater
improvement in housing starts, which would have enabled USG to
reduce its negative operating cash flow in 2012 and achieve
breakeven cash flow or better by 2013."

As reported by the TCR on Dec. 5, 2012, Moody's Investors Service
affirmed USG Corporation's Caa1 Corporate Family Rating and Caa1
Probability of Default Rating.  USG's Caa1 Corporate Family Rating
reflects its high debt leverage characteristics, despite Moody's
expectation of improving operating performance.

In the Sept. 10, 2013, edition of the TCR, Fitch Ratings has
upgraded the ratings of USG Corporation, including the company's
Issuer Default Rating (IDR) to 'B' from 'B-'.  The upgrade
reflects USG's improving profitability and credit metrics this
year and the expectation that this trend continues through at
least 2014.


VALERIE MARTIN: Court Tackles Absolute Priority Rule
----------------------------------------------------
Bankruptcy Judge Michael G. Williamson in Tampa, Florida, issued a
memorandum opinion on absolute priority rule in an individual
chapter 11 debtor.  The Court adopted a "narrow view" of the
applicability of the absolute priority rule in individual Chapter
11 cases following the enactment of the Bankruptcy Abuse
Prevention and Consumer Protection Act.  Under this view, Judge
Williamson said a plan cannot be confirmed unless either a non-
accepting class of unsecured creditors will be paid in full or the
debtor will not receive or retain any non-exempt pre-petition
property under the plan following confirmation.  The Plan filed by
the debtor, Valerie Ann Martin, allows her to keep three
investment properties following confirmation even though unsecured
creditors are not paid in full.  This violates the absolute
priority rule, Judge Williamson said, and confirmation will be
denied.

Ms. Martin filed this individual chapter 11 case (Bankr. M.D. Fla.
Case No. 13-00624) on Jan. 18, 2013.

As of confirmation, there was a total of $170,531.08 in unsecured
claims.  Cadles of Grassy Meadows II, LLC, holds $62,987.43 -- or
nearly 40% -- of those unsecured claims.  Ms. Martin proposed a
chapter 11 plan that would pay holders of general unsecured claims
(Class XIV) a total of $8,500 -- approximately a 5% distribution.

Of the five ballots cast by holders of Class XIV claims, four
voted to accept the Plan. So more than half the number of allowed
claims in Class XIV have voted to accept the Plan. But Cadles,
which holds nearly 40% of the amount of unsecured claims, did not
vote in favor of the plan, and as a consequence, Ms. Martin failed
to satisfy the requirement that at least two-thirds of the amount
of each class accept the plan.  That means Ms. Martin must "cram
down" the unsecured (Class XIV) creditors under 11 U.S.C. Sec.
1129(b) to confirm her plan.

Cadles, however, contends Ms. Martin cannot confirm her plan under
Sec. 1129(b) because the plan provides that she will retain three
investment properties following confirmation. During the course of
the case, Ms. Martin was able to either strip down or strip off
mortgages on these investment properties.

Ms. Martin was also able to successfully negotiate repayment terms
with the holders of the stripped-down mortgages that will allow
her to continue to rent these properties, service the remaining
secured debt, and benefit from any excess cash flow (as well as
future appreciation).

A copy of Judge Williamson's Sept. 17 Memorandum Opinion is
available at http://is.gd/hJ8pVVfrom Leagle.com.

Counsel for Cadles of Grassy Meadows II, LLC, is:

          Michael C. Caborn, Esq.
          WINDERWEEDLE, HAINES, WARD & WOODMAN, P.A.
          390 N. Orange Avenue, Suite 1500
          PO Box 1391
          Orlando, FL 32801
          Tel: 407-423-4246
          Fax: 407-423-7014
          E-mail: mcaborn@whww.com

Counsel for the Debtor is:

          Buddy D. Ford, Esq.
          LAW OFFICES OF BUDDY D. FORD, P.A.
          115 North MacDill Avenue
          Tampa, FL 33609
          Tel: (813) 445-8569
          Local: (813) 877-4669
          http://www.tampaesq.com/


VO ENTERPRISES: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Vo Enterprises, LLC, a Corporation
        492 Kelker Street
        Oberlin, PA 17113

Bankruptcy Case No.: 13-04755

Chapter 11 Petition Date: September 16, 2013

Court: U.S. Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Mary D. France

Debtor's Counsel: Robert E. Chernicoff, Esq.
                  CUNNINGHAM AND CHERNICOFF, P.C.
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: (717) 238-6570
                  Fax: (717) 238-4809
                  E-mail: rec@cclawpc.com

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

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

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

The petition was signed by Angie Vo, member.


WALTER ENERGY: Moody's Rates Proposed Secured Notes 'B3'
--------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Walter Energy
Inc.'s proposed senior secured notes due 2019. Proceeds from the
proposed offering are expected to retire a portion of the
company's existing senior secured bank debt and add cash to the
balance sheet to improve liquidity. Moody's also affirmed the Caa1
Corporate Family Rating, Caa2 senior unsecured ratings, and
lowered the existing senior secured ratings to B3 from B2 to
reflect the increased level of secured debt in the capital
structure. Moody's intends to upgrade the short-term liquidity
rating to SGL-3 from SGL-4 following the completion of the
transaction. The rating outlook is stable.

Moody's Actions:

Issuer: Walter Energy, Inc.

Corporate Family Rating, Affirmed Caa1

Probability of Default Rating, Affirmed Caa1-PD

$375 million Senior Secured Revolving Credit Facility due 2016,
Downgraded to B3 (LGD3 35%) from B2 (LGD3 31%)

$657 million Senior Secured Term Loan A due 2016, Downgraded to B3
(LGD3 35%) from B2 (LGD3 31%)

$979 million Senior Secured Term Loan B due 2018, Downgraded to B3
(LGD3 35%) from B2 (LGD3 31%)

$350 million Senior Secured Notes due 2019, Assigned B3 (LGD3 35%)

$500 million Senior Unsecured Notes due 2020, Affirmed Caa2 (LGD5
79%)

$450 million Senior Unsecured Notes due 2021, Affirmed Caa2 (LGD5
79%)

Outlook, Stable

Moody's expects the metallurgical coal industry will remain weak
in the near-term, but recent production cuts have led to modest
tightening in the supply/demand balance of the industry and should
support fourth quarter benchmark pricing at or modestly above the
$145/ton level set for third quarter deliveries. The net impact of
recently-announced production cuts on the global market remains
quite modest at this point and unlikely to support sustained
meaningful price increases without a fundamental improvement in
demand from the steel industry. Domestic met coal producers
reliant on exports remain disadvantaged in the global seaborne
market and remain particularly vulnerable to cash burn in what
Moody's expects will continue to be a low price environment.

Upon closing in accordance with the terms and conditions as
described, Moody's intends to upgrade the short-term liquidity
rating SGL-3 from SGL-4 to reflect an improved cash position and
debt maturity profile. The SGL-3 would also acknowledge reduced
downside price risk owing to the modest improvement in market
conditions for metallurgical coal. Moody's expects Walter will
generate EBITDA in the $125-175 million range in 2013 with year-
over-year improvement starting in the fourth quarter of 2013. Free
cash flow is likely to remain negative in the near-term,
especially considering the decision to continue to operate the
Brule mine in western Canada because that will limit the company's
ability to reduce inventories in that region, but an effective
liquidity cushion of over $430 million provides sufficient cushion
to cover expected cash burn in the near-term. Moody's measures
effective liquidity as existing balance sheet cash of $171
million, plus added cash from the proposed transaction, plus
revolver availability of about $315 million after considering
letters of credit, less the $225 minimum liquidity requirement.
Moody's anticipates a modest cushion of compliance the net senior
secured leverage covenant upon resumption of testing in the second
quarter of 2014. Continued compliance through the end of 2014
likely will require additional improvement in met coal prices.

Ratings Rationale:

The Caa1 CFR reflects the difficulties of operating a commodity-
driven business in a protracted trough cycle environment with a
highly-leveraged balance sheet and a modest effective liquidity
cushion. The rating is also constrained by high operating risk
implied by high reliance on a few key coal mines for the majority
of earnings and cash flow, and limited trough-cycle margin
potential of the metallurgical coal assets in western Canada.
Success in implementing cost control programs, strong potential
earnings and cash flow on a mid-cycle basis, and the value of the
very cost competitive metallurgical coal assets in Alabama support
the rating.

The rating acknowledges a high level of capital structure activity
in recent quarters and anticipates that management will continue
to pursue transactions to bolster liquidity in the short-term, if
necessary. The company started relaxing covenants with an
amendment in August 2012, relaxed covenants and repaid secured
debt through a concurrent amendment and unsecured issuance in
November 2012, repaid additional secured debt and parked cash on
the balance sheet with the proceeds of another unsecured issuance
in March 2013, pulled a refinancing transaction in June 2013,
relaxed covenants significantly through an amendment in July 2013,
and has returned with the secured issuance to repay debt and park
more cash on the balance sheet through the proposed transaction.
Management has also made public statements about pursuing asset
sales and has capacity in its credit agreements to raise
additional debt for liquidity purposes. These activities could
drive volatility in instrument-level ratings.

The stable outlook anticipates that modest improvement in met coal
fundamentals will drive modest quarterly improvement in operating
results and that the company will maintain adequate liquidity to
support operations. Moody's could upgrade the rating with evidence
that recent positive momentum in spot met coal pricing will
translate into positive free cash flow on a sustained basis and a
demonstrated willingness to start to reduce debt. Moody's could
downgrade the rating with further deterioration in market
conditions or pricing, expectations for substantive erosion in the
company's cash position, or heightened concerns related to
upcoming loan amortization in 2015.

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

Walter Energy, Inc. is primarily a metallurgical coal producer
with additional operations in metallurgical coke, steam and
industrial coal, and natural gas. Headquartered in Birmingham,
Alabama, the company generated $2 billion in revenue for the
twelve months ended June 30, 2013.


WALTER ENERGY: S&P Assigns 'B' Rating to $350MM Sr. Secured Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B'
issue-level rating to Walter Energy Inc.'s proposed $350 million
senior secured notes due 2019.  The issue level rating, which is
one notch above the corporate credit rating, and the '2' recovery
rating indicate S&P's expectation for a substantial (70% to 90%)
recovery in the event of a payment default.  The corporate credit
rating remains 'B-' and the outlook is negative.

"Our 'B-' corporate credit rating on Walter Energy reflects our
view of the company's business risk profile as 'weak' and the
financial risk profile as 'highly leveraged', said Standard &
Poor's credit analyst Marie Shmaruk.

According to public filings, the company intends to use proceeds
to repurchase up to $175 million of its term loan A through a
Dutch auction process.  If the Dutch auction is not fully
subscribed, the company could use the unused portion of the
$175 million to repurchase its term loan A and term loan B on a
pro rata basis.  The company will use the balance of the proceeds
for general corporate purposes.  S&P believes the proposed
transaction will enhance liquidity in the near term, though the
company will face meaningful debt amortization requirements in
2015 regardless of the results of the Dutch auction.

Key business and financial risks include continued weakness in the
company's key European markets, high reliance on a single Southern
Appalachian mining complex for most of its operating income, and
S&P's expectation for leverage to be above 10x EBITDA this year
and above 5x EBITDA in 2014.  Still, S&P maintains its view that
Walter Energy's coal reserves are of a very high quality and that
its mining costs are low compared with many of its peers.

RATINGS LIST

Walter Energy Inc.
Corporate credit rating              B-/Negative/--

New Rating
$350 mil sr secd notes due 2019      B
Recovery Rating                      2


WENTWOOD BAYTOWN: Files Amended 1st Modified Reorganization Plan
----------------------------------------------------------------
Wentwood Baytown, L.P., filed with the Bankruptcy Court an Amended
First Modified Chapter 11 Plan of Reorganization, containing non-
material modifications and some updates.  The key provisions of
the Plan remain the same.

A full-text copy of the Amended Modified Plan dated Sept. 12, 2013
is available for free at:

     http://bankrupt.com/misc/WENTWOOD_Amd1stModPlanSept12.PDF

As previously reported by The Troubled Company Reporter, the Plan
provides for the division of claims of creditors into nine
classes.  Class 1 Attorneys/Professional Claims estimated at
$48,000; Class 2 Taxing Authorities Claims estimated at about
$77,000; Class 3 Governmental Units Claims; and Class 5 Mechanic's
Liens Claims will be paid in full.  Class 4 Secured Lender Claim
will be paid in monthly installments with interest.  Existing pre-
payment terms continue unmodified, and monthly impounds for
property insurance and property taxes will continue to be made.
Class 6 General Unsecured Claims will be paid 20% of the allowed
claim in cash, estimated to total about $24,000.  Class 7
Unsecured Claims of $1,000 or less will have a 70% recovery, in
cash.  Class 8 Claims (Claims Not Secured by Lien or Security
Interest and Not Subject to Setoff) will be deemed allowed,
without setoff or counterclaim.  Class 9 Allowed Equity Interest
Holders will retain their interest.  The Debtor is in the process
of arranging funding for the Plan of Reorganization out of: (i)
new equity (in the form of mandatory and non-mandatory cash calls
on various limited partners); and (ii) collection of related party
receivables.

                 About Wentwood Baytown, L.P.

Wentwood Baytown, L.P., filed a Chapter 11 petition in Houston,
Texas (Bankr. S.D. Tex. Case No. 13-32151) on April 9.  The
petition was signed by Gary M. Gray as president of general
partner.  The Debtor estimated assets and debts of at least $10
million.  Judge Letitia Z. Paul presides over the case.  The
Debtor is represented by Matthew Hoffman, Esq., at Law Offices of
Matthew Hoffman, P.C.

The Debtor, which also uses the names Marina Club Apartments,
Briarwood Apartments, and The Dickinson Arms, owns properties in
Bayton and Dickinson, Texas.  The Debtor disclosed $14,599,753 in
assets and $14,813,172 in liabilities as of the Chapter 11 filing.

Judy A. Robbins, U.S. Trustee for Region 7, has notified the
Bankruptcy Court that she was unable to obtain a sufficient number
of eligible creditors interested in serving on the official
committee of unsecured creditors and has therefore been unable to
appoint a proper committee in the case.


WESTERN FUNDING: Harbor Structured's Members Seek Case Dismissal
----------------------------------------------------------------
Class B members of Harbor Structured Finance, LLC, the sole
shareholder of Western Funding Inc., filed a motion with the U.S.
Bankruptcy Court seeking dismissal of the Debtor's chapter 11
case.

The Harbor Structured Finance Class B members noted in court
filings that WFI sought Chapter 11 almost immediately after the
Clark County District Court entered an order appointing a
receiver.  BMO Harris Bank N.A. sought appointment of a receiver
in state court, Case No. A-13 687299-B, for WFI's Eastern Funding
Incorporated.  Based on WFI's wrongful pre-petition acts that
included an intentional diversion of corporate funds to place
those funds beyond BMO Harris Bank's reach, the State Court heard
the Receivership Petition and entered the Receivership Order on
shortened notice.

The Harbor Structured Finance Class B members argue that the
Chapter 11 Petition is invalid because it is not authorized by a
valid corporate resolution.  The corporate resolution is invalid
because under the applicable organizational and operating
documents Fredrick A. Cooper and Katherine H. Cooper are not "all
of the members of the Board of Directors. . . of Western Funding
Incorporated" as they represented under penalty of perjury when
they signed the Petition.

The Harbor Structured Finance Class B members also contend that
WFI's proposed bankruptcy counsel was aware the Petition was not
approved by two of the four "Board of Managers" of Harbor
resulting in a corporate deadlock.  Before the Petition was filed,
WFI's attorney was also provided with a copy of the Court's recent
published opinion and was further informed of deadlock with
respect to a bankruptcy filing by WFI.

The Harbor Structured Finance Class B members said the timing of
WFI's filing is suspect.  Filed immediately after the State Court
entered the Receivership Order, the Harbor Structured Finance
Class B members said it appears the Petition was filed not to
administer WFI's assets but, instead, was timed to avoid the
Coopers' surrender of WFI to the receiver and hinder ongoing
disputes between the Coopers on the one hand and BMO Harris Bank,
$6,700,000 in subordinated debt holders, and the Class B Members
on the other hand.

The Harbor Structured Finance Class B members urge the Court to
dismiss this improperly filed bankruptcy case and reserve
jurisdiction to consider sanctions for the improper and
unauthorized filing.

Hearing on the motion is set for Oct. 17, 2013 at 1:30 p.m.

Las Vegas car-loan maker Western Funding Inc., whose customers
usually have less-than-perfect credit, filed for Chapter 11
bankruptcy protection (Bankr. D. Nev., Case No. 13-17588) on
Sept. 4, 2013, after its own lender said the company broke
borrowing promises made last year.  Matthew C. Zirzow, Esq., at
Larson & Zirzow, LLC, in Las Vegas, Nevada, represents the Debtor.


WESTERN FUNDING: Schedules Filing Deadline Extended to Oct. 2
-------------------------------------------------------------
At the behest of Western Funding Inc., the U.S. Bankruptcy Court
extended the Debtor's time to file schedules of assets and
liabilities, and statements of financial affairs until Oct. 2,
2013.

Las Vegas car-loan maker Western Funding Inc., whose customers
usually have less-than-perfect credit, filed for Chapter 11
bankruptcy protection (Bankr. D. Nev., Case No. 13-17588) on
Sept. 4, 2013, after its own lender said the company broke
borrowing promises made last year.  Matthew C. Zirzow, Esq., at
Larson & Zirzow, LLC, in Las Vegas, Nevada, represents the Debtor.


Z TRIM HOLDINGS: Sold 844,571 Common Shares to Brightline
---------------------------------------------------------
Z Trim Holdings, Inc., on Aug. 20, 2013, entered into a private
placement subscription agreement with Brightline Ventures I-C,
LLC, pursuant to which it sold 376,000 shares of its common stock,
for a price of $1.25 per share, and received gross proceeds of
$470,000.  Among its other terms, the subscription agreement for
the $1.25 Raise provides Brightline with "piggyback" registration
rights on certain registration statements that the Company may
file in the future.

On Sept. 18, 2013, the Company entered into another private
placement subscription agreement with Brightline, pursuant to
which it sold 468,571 shares of common stock for a price of $1.05
per share, along with warrants to purchase 234,286 shares of
common stock at an exercise price of $1.50 per share, and received
gross proceeds of $492,000.  Among its other terms, the
subscription agreement for the $1.05 Raise provides Brightline
with "piggyback" registration rights on certain registration
statements that the Company may file in the future.  The warrants
may be exercised on a cashless basis.  Until exercised, the
warrants do not confer any voting or other rights as a stockholder
of the Company.  The exercise price and the number of shares of
common stock purchasable upon the exercise of the warrants are
subject to adjustment upon the happening of certain events, such
as stock dividends, distributions and splits.

The Company is using the net proceeds from the $1.25 Raise and the
$1.05 Raise for working capital needs and other general corporate
purposes.

Warrant Program

Contemporaneous with the $1.25, in August 2013, the Company (i)
allowed the holders of the Company's then-outstanding warrants
with a $1.50 per share exercise price with certain anti-dilution
provisions contained in the related warrant agreements to choose
to exercise their $1.50 Warrants on a cashless basis such that for
every ten $1.50 Warrants exercised, the holder received 4.5 shares
of common stock, (ii) sought a temporary waiver from the holders
of the $1.50 Warrants of the anti-dilution provisions in the
warrant agreements with respect to the Cashless Exercise Program
and potential capital-raising activities by the Company by
December 31, 2013, and (iii) asked the holders of the $1.50
Warrants to permanently amend the warrant agreements with respect
to certain ratchet provisions so as to reduce the derivative
liability the Company incurs as a result of those provisions in
the agreements.

The Cashless Exercise Program resulted in 7,172,751 of the $1.50
Warrants being converted into 3,227,742 shares of the Company's
common stock (including 5,718,750 $1.50 Warrants that were
converted by an affiliate of Brightline into 2,573,438 shares of
common stock).

As a result of the Aug. 20, 2013, transaction with Brightline,
pursuant to the anti-dilution provisions in the $1.50 Warrants
that were not exercised as part of the Cashless Exercise Program,
the Company reduced the exercise price of those warrants to $1.25
per share and adjusted the number of shares issuable upon the
exercise of those warrants such that for every five warrants
owned, each remaining holder of $1.50 Warrants received one
additional warrant with an exercise price of $1.25.  Thus, the
Company issued an aggregate of 2,376,009 additional warrants at an
exercise price of $1.25 per share (including 2,316,597 additional
warrants that were issued to an affiliate of Brightline) to the
holders of $1.50 Warrants that were not exercised as part of the
Cashless Exercise Program.  The waiver was effective with regard
tot he $1.05 Raise; therefore, no additional warrants were issued
and no exercise price adjustments were made as a result of the
$1.05 Raise.

Following the above transactions, 14,256,056 of the $1.50 Warrants
remain outstanding, which now each have an exercise price of $1.25
per share.  The related warrant agreements, as amended, provide
for ratchet and anti-dilution adjustments as a result of certain
equity issuances below the then-current market price of the
Company's stock as opposed to issuances below the exercise price
of the warrants.

A copy of the Form 8-K is available for free at:

                        http://is.gd/3pVh86

                           About Z Trim

Mundelein, Ill.-based Z Trim Holdings, Inc., is a functional food
ingredient company which provides custom product solutions that
help answer the food industry's problems.  Z Trim's revolutionary
technology provides value-added ingredients across virtually all
food industry categories.  Z Trim's all-natural products, among
other things, help to reduce fat and calories, add fiber, provide
shelf-stability, prevent oil migration, and add binding capacity
-- all without degrading the taste and texture of the final food
products.

Z Trim Holdings disclosed a net loss of $9.58 million in 2012
following a net loss of $6.94 million in 2011.  The Company's
balance sheet at June 30, 2013, showed $4.71 million in total
assets, $3.45 million in total liabilities and $1.25 millionin
total stockholders' equity.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company had a working capital deficit and reoccurring losses
as of Dec. 31, 2012.  These conditions raise substantial doubt
about its ability to continue as a going concern.


ZACKY FARMS: Hearing Tuesday to Confirm Liquidation Plan
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
will convene a hearing on Sept. 24, 2013, at 1:32 p.m., to
consider confirmation of the Amended Plan of Liquidation filed by
ZF in Liquidation, LLC, formerly known as Zacky Farms, LLC.  The
plan was filed Sept. 3, 2013,

In sum, the Plan provides for the Debtor to continue its wind-down
efforts after confirmation with its administration to be handled
by a professional wind-down manager (the Plan Administrator)
replacing the Debtor's sole manager, Keith Cooper, as the
responsible party for the liquidation.

The Plan contemplates the liquidation of all estate assets for the
benefit of the holders of Allowed Claims and Allowed Interests.
The resulting funds, after payment of Plan Expenses, will be made
available for distribution to holders of Allowed Claims and
Allowed Interests in accordance with the Bankruptcy Code
Distribution Priorities in accordance with the terms of the Plan.
The Plan Administrator's operation of the Liquidating Debtor will
be for the purpose of liquidating and monetizing estate assets,
which consist primarily of the Secured Sale Notes, consisting of
the $6.4M 503(b)(9) Note and the $3.5M Creditor Note.

A copy of the Amended Plan is available for free at
http://bankrupt.com/misc/ZACKY_FARMS_amendedplan.pdf

Donald W. Fitzgerald, Esq., Thomas A. Willoughby, Esq., and
Jennifer E. Neimann, Esq. of Felderstein Fitzgerald Willoughby &
Pascuzzi LLP, serve as attorneys for ZF in Liquidation LLC.

                          About Zacky Farms

Fresno, California-based Zacky Farms LLC, whose operations include
the raising, processing and marketing of poultry products, filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Calif. Case No.
12-37961) on Oct. 8, 2012 in Sacramento.  The company has roughly
1,000 employees and operates in multiple plants, farms and offices
in California, including operations in Los Angeles, Fresno,
Tulare, Kings, San Joaquin and San Bernardino Counties.   The
company blames high feed prices for losses in recent years.  The
Debtor disclosed $72,233,554 in assets and $67,345,041 in
liabilities as of the Chapter 11 filing.

Zacky Farms LLC received bankruptcy-court approval to sell its
assets to the Robert D. and Lillian D. Zacky Trust.

Kurtzman Carson Consultants LLC provides administrative
services and FTI Consulting, Inc., serves as the Debtor's Chief
Restructuring Officer.  Bankruptcy Judge Thomas Holman presides
over the case.  The petition was signed by Keith F. Cooper, the
Debtor's sole manager.

An official committee of unsecured creditors has been appointed in
the case.  Lowenstein Sandler represents the Committee.  The
Lowenstein team includes Kenneth A. Rosen, Bruce S. Nathan,
Jeffrey D. Prol, Wojciech F. Jung and Keara Waldron.

The Debtor's DIP lender, The Robert D. Zacky and Lillian D. Zacky
Trust U/D/T dated July 26, 1988, is represented by Thomas Walper,
Esq., at Munger Tolles & Olson LLP; and McKool Smith LLP.


* Illinois Top Lawmakers Seek Paychecks Amid Pension Fight
----------------------------------------------------------
Andrew Harris, writing for Bloomberg News, reported that
Illinois's top two lawmakers are asking a judge to invalidate
Governor Pat Quinn's decision to veto salaries for the state's 177
legislators over their failure to resolve a $100 billion pension
funding shortfall.

According to the report, the governor struck more than $13 million
in lawmaker pay and expenditures from an appropriations bill in
July after Senate President John Cullerton and House Speaker
Michael Madigan let their chambers go out of session for the third
time in 11 months without resolving the shortfall, the worst among
the 50 states.

Accusing Quinn of breaching the doctrine of separation of powers,
the legislative leaders sued him and state Comptroller Judy Baar
Topinka on July 30, the report recalled.  State Court Judge Neil
H. Cohen in Chicago today engaged the parties' lawyers in two
hours of debate.

"Is it your position the governor is limited in his ability to use
the line-item veto?" he asked lawmakers' lawyer Richard
Prendergast, the report cited.

A governor can exercise that power, "as long as it doesn't create
unconstitutional results," the attorney said, the report further
cited.

Cohen repeatedly questioned Prendergast, as he did Quinn attorney
Steven F. Pflaum of Chicago-based Neal Gerber & Eisenberg LLP and
the state's chief deputy attorney general, Brent D. Stratton,
who's representing Baar Topinka, the report further related.

The case is Cullerton v. Quinn, 13-ch-17921, Cook County Circuit
Court, Chancery Division (Chicago).


* JPMorgan Said to Pay $900MM to Settle "London Whale" Probes
-------------------------------------------------------------
Dawn Kopecki, writing for Bloomberg News, reported that JPMorgan
Chase & Co. is poised to pay about $900 million to settle U.S. and
U.K. claims that lax internal controls led the bank to provide
inaccurate information about last year's record trading loss to
the board, investors and regulators, people with knowledge of the
matter said.

According to the report, the bank is set to announce deals on
Sept. 19 with four regulators over its handling of the trades by
an employee known as the London Whale because his bets were so
large, the people said, requesting anonymity because talks were
private. Separately, the firm may also pay less than $80 million
to settle two watchdogs' probes tied to consumer lending
practices, two people said.

Chief Executive Officer Jamie Dimon, whose pay was cut in half
last year after the board said he was partially responsible for
faulty oversight of the trades, told employees in a Sept. 17 memo
the bank is making an "unprecedented effort" to simplify its
business, overhaul controls and improve relations with regulators,
the report added. The firm has been beset by inquiries this year,
including the emergence last month of an investigation into its
hiring practices in Asia as well as criminal probes tied to
mortgage-bond sales and energy trading.

The package of penalties to be announced is a message to banks
"that regulators are going to really ratchet up the fines if the
organization is deemed too big to manage in order to get the
organization to simplify their structure," said Charles Peabody,
an analyst at Portales Partners LLC in New York, the report
further related.


* Fitch Updates For-Profit Hospital Operators' Recovery Analyses
----------------------------------------------------------------
Fitch Ratings has published updated recovery analyses for the U.S.
for-profit hospital operators rated below 'BB-', including:

-- Community Health Systems, Inc.;
-- HCA Holdings Inc.;
-- Tenet Healthcare Corp.

The interactive recovery analysis worksheets are available at
'www.fitchratings.com'.


* Moody's: Rising LT Interest Rates Dampen US Banks' Prospects
--------------------------------------------------------------
Low absolute interest rates, particularly short-term rates near
zero, combined with a rise in long-term rates, continue to dampen
US banks' earnings prospects, says Moody's Investors Service in
its new report "Interest Rates Throw Earnings Curve at US Banks."

"Despite an increase in US long-term interest rates during the
second quarter, low absolute interest rates, particularly short-
term rates near zero, continue to challenge US banks' earnings
prospects," said Moody's Senior Vice President Allen Tischler.
"Although we expect little impact on asset quality from the jump
in long-term rates, a sharper increase in the yield curve could be
more problematic."

Low short-term rates limit net-interest income, which makes up the
majority of revenue for most US banks, typically from 50%-75%,
says Moody's. The asset yields of US banks continue to re-price
downward, as they have over the past five years of low rates,
while banks have offset some of this decline through lower funding
costs. But with funding costs closer to zero, banks are struggling
to further reduce them, added the rating agency.

The recent long-term interest rate rise - the 10-year Treasury
yield has climbed about 100 basis points since the end of the
first quarter - is initially negative since rising rates have
slowed mortgage originations and hit security values.

Moody's said that in general, for core-funded banks declining
securities values are not a direct credit concern. Growing
unrealized losses on available-for-sale (AFS) securities, or
shrinking unrealized gains, are economically hedged to the extent
banks' non-interest-bearing deposits remain sizable when compared
to their securities portfolios. Moody's added that the increased
value of these deposits is not captured in US GAAP accounting.

In addition, for major US banks, whose unrealized securities
losses affect their Basel III capital, Moody's expects them to
hold a capital buffer against AFS portfolio unrealized losses.

Still, long-term rates remain low in historic terms, even with the
recent rise, and should not derail the improvement in net charge-
offs and non-performing assets that began to gain steam in 2010,
says Moody's. However, a more appreciable rise in long-term rates
would significantly increase the cost of mortgage loans and slow
the US housing recovery, undermining further improvements in
banks' asset quality, particularly related to residential real
estate.


* BOND PRICING -- For Week From Sept. 16 to Sept. 20, 2013
----------------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
AES Eastern Energy LP   AES      9.000     1.750       1/2/2017
AES Eastern Energy LP   AES      9.670     3.100       1/2/2029
AGY Holding Corp        AGYH    11.000    64.500     11/15/2014
Affinion Group
  Holdings Inc          AFFINI  11.625    59.683     11/15/2015
Alion Science &
  Technology Corp       ALISCI  10.250    63.700       2/1/2015
Buffalo Thunder
  Development
  Authority             BUFLO    9.375    35.125     12/15/2014
California Baptist
  Foundation            CALBAP   7.800     6.222      5/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   10.500    20.750      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   12.000    13.750      6/30/2019
Cengage Learning
  Acquisitions Inc      TLACQ   13.250     1.375      7/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   10.500    20.750      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ   13.250     1.375      7/15/2015
Cengage Learning
  Holdco Inc            TLACQ   13.750     1.375      7/15/2015
Champion
  Enterprises Inc       CHB      2.750     0.375      11/1/2037
Delta Air Lines 1993
  Series A2 Pass
  Through Trust         DAL     10.500    15.500      4/30/2016
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Competitive
  Holdings Co LLC       TXU      8.175    15.000      1/30/2037
Energy Future
  Holdings Corp         TXU      5.550    41.260     11/15/2014
FiberTower Corp         FTWR     9.000     1.000       1/1/2016
GMX Resources Inc       GMXR     9.000     2.000       3/2/2018
GMX Resources Inc       GMXR     4.500     1.840       5/1/2015
James River Coal Co     JRCC     7.875    31.089       4/1/2019
James River Coal Co     JRCC     4.500    29.300      12/1/2015
James River Coal Co     JRCC     3.125    19.000      3/15/2018
LBI Media Inc           LBIMED   8.500    30.000       8/1/2017
Las Vegas Monorail Co   LASVMC   3.000     0.010      7/15/2055
Lehman Brothers
  Holdings Inc          LEH      1.000    21.500      3/29/2014
Lehman Brothers
  Holdings Inc          LEH      1.000    21.500      8/17/2014
Lehman Brothers
  Holdings Inc          LEH      1.000    21.500      8/17/2014
Lehman Brothers Inc     LEH      7.500    19.500       8/1/2026
Mashantucket Western
  Pequot Tribe          MASHTU   6.500    15.250       7/1/2036
OnCure Holdings Inc     ONCJ    11.750    49.000      5/15/2017
Overseas Shipholding
  Group Inc             OSG      8.750    93.750      12/1/2013
PMI Group Inc/The       PMI      6.000    25.200      9/15/2016
Platinum Energy
  Solutions Inc         PLATEN  14.250    41.250       3/1/2015
Powerwave
  Technologies Inc      PWAV     1.875     0.750     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.750     11/15/2024
Residential
  Capital LLC           RESCAP   6.875    32.000      6/30/2015
Savient
  Pharmaceuticals Inc   SVNT     4.750    17.500       2/1/2018
School Specialty Inc    SCHS     3.750    38.375     11/30/2026
TMST Inc                THMR     8.000     9.000      5/15/2013
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    18.750       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     2.000      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     1.875      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     5.850      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    21.361       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250     1.500      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     1.875      11/1/2016
UAL 2000-2 Pass
  Through Trust         UAL      7.762     2.008      4/29/2049
USEC Inc                USU      3.000    25.250      10/1/2014
Verizon New
  England Inc           VZ       4.750    99.081      10/1/2013
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375    43.380       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      8.750    34.000       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      4.015    75.000       8/1/2014
WCI Communities
  Inc/Old               WCI      4.000     0.500       8/5/2023
Western Express Inc     WSTEXP  12.500    62.250      4/15/2015
Western Express Inc     WSTEXP  12.500    62.250      4/15/2015




                            *********

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
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herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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                  *** End of Transmission ***