TCR_Public/130926.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

          Thursday, September 26, 2013, Vol. 17, No. 267

                            Headlines

415 WEST: Receiver Not Entitled to Fees Over Contempt Motion
710 LONG RIDGE: Has Until Oct. 31 to Decide on Leases
ACI WORLDWIDE: Ba3 CFR Unchanged by Tender for Official Payments
ALL SAFE FIRE: Case Summary & 12 Largest Unsecured Creditors
ALLEGION US: S&P's 'BB+' CCR Unaffected by Upsize of Loan

AMERICAN AIRLINES: Extends Merger Termination Date with US Airways
AMERICAN AIRLINES: Wants Docs From Govt. Over Prior Mergers
AMERICAN AIRLINES: Merger Deadline Extended as U.S. Suit Fought
ANGLO IRISH: Liquidators Seek Protection from Probe
APARTMENTS & ACQUISTIONS: Case Summary & 2 Unsecured Creditors

APTALIS PHARMA: S&P Affirms 'B+' CCR; Outlook Stable
APTALIS PHARMA: Moody's Assigns B2 Rating to New Bank Facilities
ARROW ALUMINUM: U.S. Trustee Objects to Confirmation of Plan
ASR CONSTRUCTORS: Case Summary & 20 Largest Unsecured Creditors
ATARI INC: Files Turnaround Plan to Exit Bankruptcy

ATM TRADING: Case Summary & 10 Unsecured Creditors
AVIATION CAPITAL: S&P Assigns 'BB+' Rating to Senior Notes
BATE LAND: Bankruptcy Administrator Unable to Form Creditors Panel
BERNARD L. MADOFF: Feeder Fund Investors Might Receive Something
BERNARD L. MADOFF: Money on Way "Fast as Possible," DOJ Fund Says

BIAX CORPORATION: Case Summary & 19 Largest Unsecured Creditors
BRANDON & BRANDON: Case Summary & 3 Unsecured Creditors
CALCEUS ACQUISITION: S&P Retains 'B' Rating Following Downsize
CALCEUS ACQUISITION: Dividend Cut No Impact on Moody's Ratings
CAPITOL BANCORP: G3 Objects to Amended Liquidating Plan

CAPMARK FINANCIAL: Confirmed Ch. 11 Plan Bars Fillmore's $50M Suit
CARIBBEAN INT'L: Puerto Rico's El Vocero Newspaper Files for Sale
CASCADE AG: Asset Sales to Secured Creditors Clarified
CASCADE AG: Triak Holdings Demands Breakup Fee
CASCADE AG: Parties Say Case Dismissal Is Not "Best Interest"

CASCADE AG: Ryan Swanson Okayed as Liquidating Trustee's Counsel
CENGAGE LEARNING: Tries to Keep $274M Fund Out of JPMorgan's Hands
CENTRAL COVENTRY: Court Urges Union Negotiations
CHATSWORTH PGA: Voluntary Chapter 11 Case Summary
CHRYSLER GROUP: Moves, Reluctantly, Toward IPO

CHRYSLER GROUP: Feud Triggers IPO Filing
COMPREHENSIVE CARE: Appoints New Member to Board of Directors
CORBIN PARK: Consents to U.S. Trustee's Case Dismissal Request
CSRA ARMOUR: Case Summary & 13 Largest Unsecured Creditors
DEE ALLEN: Court OKs Chapter 11 Trustee's Disclosure Statement

DELL INC: To Work With Alixpartners on Post-LBO Turnaround
DETROIT, MI: Is Now a Charity Case for Carmakers
DEVONSHIRE PGA: Can Use Cash Collateral to Fund Ch. 11
DIALOGIC INC: Appoints EVP Finance and Chief Financial Officer
DIGITAL ANGEL: Amends VeriTeQ Acquisition Current Report with SEC

E.C.J. INVESTMENTS: Voluntary Chapter 11 Case Summary
EASTMAN KODAK: Board Elects James V. Continenza as Chairman
ECOMETALS LIMITED: Closes Convertible Debenture Financing
ENERGY FUTURE: Negotiates with Creditors on Prepackaged Bankruptcy
ENERGY XXI: S&P Assigns 'B+' Rating to $500MM Sr. Unsecured Notes

ENERGY XXI: Fitch Rates New $500MM Unsecured Notes at 'B+'
EXIDE TECHNOLOGIES: Court Approves Employee Incentive Plan
FURNITURE BRANDS: Meeting of Creditors Set for October 17
FURNITURE BRANDS: Amends List of Top 30 Unsecured Creditors
GARDA WORLD: G4S Cash Purchase a Credit Positive, Says Moody's

GEORGIA WILDERNESS: Case Summary & 20 Largest Unsecured Creditors
GREGORY & PARKER: Court Confirms Second Amended Plan
HANLAN MIDGETTE: Voluntary Chapter 11 Case Summary
HESPERIA REDEVELOPMENT: S&P Affirms 'BB+' Rating on 2005A Bonds
HESPERIA REDEVELOPMENT: S&P Affirms 'BB+' Rating on 2005B Bonds

HIGHWAY TECHNOLOGIES: Asks Court to Convert Cases to Chapter 7
HIGHWAY TECHNOLOGIES: Looks To Wind Down in Chapter 7
HOVBILT INC: Case Summary & 9 Unsecured Creditors
IMPERIAL PETROLEUM: Faces SEC Lawsuit Over Alleged Fraud
INFINIA CORP: Section 341(a) Meeting Set on October 10

INSIGHT PHARMACEUTICALS: Moody's Rates Upsized Senior Loan 'B1'
INTERFAITH MEDICAL: Has Until Nov. 11 to File Chapter 11 Plan
IPC INTERNATIONAL: Committee Retaining Pachulski Stang as Counsel
IPC INTERNATIONAL: Files Schedules of Assets and Liabilities
IZEA INC: Sells $695,000 Worth of Units

JACKSONVILLE BANCORP: Offers 2.1 Million Subscription Rights
JOURNAL REGISTER: Creditor Wants Claim Allowed for Voting Purposes
K-V PHARMACEUTICAL: Obtains $100 Million in Term Loan Financing
LANCELOT INVESTORS: Trustee Urges 7th Circ. to Review Winston Case
LAWRENCE BROS: Case Summary & 4 Unsecured Creditors

LE NAILS INC: Case Summary & 2 Unsecured Creditors
LEVEL 3: S&P Assigns 'BB-' Rating to $1.2BB Term Loan
LEVEL 3: Fitch Rates $1.2BB Secured Term Loan 'BB'
LEVEL 3: New $1.2-Billion Senior Term Loan Gets Moody's Ba3 Rating
LIFECARE HOLDINGS: Exclusive Periods Extension Approved

LIGHTSQUARED INC: Lenders Object to Board Selection
LIME ENERGY: Sells 927,000 Preferred Shares to Chairman, et al.
LONE PINE: Enters Deal with Noteholders, Files Under CCAA
MEDIA 8: American Films Resolves Interests in Bankruptcy Case
MEDICAL PROPERTIES: S&P Revises Outlook to Pos. & Affirms 'BB' CCR

MF GLOBAL: Ex-Workers Take on Judge's WARN Ruling
MONTREAL MAINE: Has Access to Cash Collateral Until Oct. 2
MONTREAL MAINE: Hearing on Panel Formation Continued Until Oct. 1
MSD PERFORMANCE: U.S. Trustee Forms 5-Member Creditors Committee
NATIONAL ENVELOPE: Court Approves $150,000 DIP Amendment Fee

NATIONAL ENVELOPE: Has Until Jan. 6, 2013 to Decide on Leases
NATIONAL ENVELOPE: Court OKs Setoff of R.R. Donnelley's Debt
NATIONAL HOLDINGS: R. Abbe Held 6.4% Equity Stake at Sept. 19
NEVADA HOUSING: S&P Raises Rating on Revenue Bonds to 'BB-'
NEW CENTURY TRS: Liquidating Trust Complied With Bar Date Order

NEW YORK TIMES: Dividend Reinstatement No Impact on Moody's Rating
NIELSEN COMPANY: $125MM Loan Increase No Impact on Moody's Ratings
NNN AVENTURA: Florida Office Building in Chapter 11
NNN AVENTURA: Voluntary Chapter 11 Case Summary
N-VIRO INTERNATIONAL: Has $1.4 Million Contract With Toho Water

ONCURE HOLDINGS: Physicians Object to Chapter 11 Plan
OVERSEAS SHIPHOLDING: Bank Lenders Ease Pressure in Bankruptcy
PATRIOT COAL: Wants Joint Administration of New Debtors' Cases
PATRIOT COAL: Settlement and Amendment to Equipment Lease Approved
PALM BEACH OFFSHORE: US Bank Under Fire Again Over Ponzi Scheme

PORCHLIGHT DISTRIBUTION: Case Summary & 20 Top Unsecured Creditors
PERSONAL COMMUNICATIONS: Panel Can Retain FTI as Fin'l Advisor
PERSONAL COMMUNICATIONS: Panel May Retain Perkins Coie as Counsel
PLASTIPAK HOLDINGS: $300MM Senior Notes Get Moody's Caa1 Rating
PORT HUENEME (CA): Moody's Downgrades Rating on TABs to Ba2

PRIME HEALTHCARE: S&P Assigns 'B' CCR; Outlook Positive
PROCESS AMERICA: Cynergy Shakes Some Claims in Contract Suit
R & RSPC LLC: Case Summary & 20 Largest Unsecured Creditors
REVOLUTION DAIRY: Oct. 10 Hearing on Plan Confirmation
RHINOCEROS VISUAL: Voluntary Chapter 11 Case Summary

ROTHSTEIN ROSENFELDT: TD Bank Settles Charges for $15 Million
SAMSON RESOURCES: S&P Lowers CCR to 'B'; Outlook Stable
SANTA CRUZ (CA): Moody's Cuts Ratings on Outstanding TABs to Ba2
SEANERGY MARITIME: Posts $13.7-Mil. Net Loss in First Half 2013
SEQUENOM INC: Engages Jefferies to Review Business Unit

SLF INVESTMENT: Case Summary & 11 Unsecured Creditors
STELLAR BIOTECHNOLOGIES: Closes $12MM Private Placement Financing
SUK CHA MASON: Case Summary & 2 Unsecured Creditors
TITAN INT'L: Moody's Assigns B1 Rating to $400MM Notes Offer
TITAN INT'L: S&P Assigns 'B+' Rating to $400MM Sr. Notes

TRANSTAR HOLDING: Weak Sales Trigger Moody's Negative Outlook
USA BROADMOOR: Oct. 3 Final Evidentiary Hearing to Confirm Plan
VWP INC: Voluntary Chapter 11 Case Summary
W.B. CARE CENTER: Former Member Barred From Suing Accountants
W.R. GRACE: To Release Third Quarter 2013 Results on Oct. 23

WENTWOOD BAYTOWN: To Fund Plan Payments From New Equity
WESTINGHOUSE SOLAR: Now Known as "Andalay Solar, Inc."
WVSV HOLDINGS: WVV Says to 10K's Plan 'Patently Unconfirmable'

* Automakers' Lending Practices Probed by U.S. for Bias
* Swipe-Fee Judge Leaves Rules in Place Pending Appeal

* 9th Cir. Appoints Corbit as E.D. Washington Bankruptcy Judge

* Cash Flow Seen as Biggest Challenge for Businesses This Year

* Recent Small-Dollar & Individual Chapter 11 Filings


                            *********


415 WEST: Receiver Not Entitled to Fees Over Contempt Motion
------------------------------------------------------------
Miriam Breier, the state court receiver for 415 West 150 LLC, the
firm Kossoff & Unger, her attorneys, and Rosedale Management
Company, her managing agent, sought award of compensation and
reimbursement of expenses.  Their requests aggregate $218,815.25,
but according to the final operating report filed on June 20,
2013, the Receiver was holding only $107,094.77 as of April 30,
2013.

The only specific objections relate to the Firm's application, and
raise two principal issues: (1) is the Firm entitled to
compensation and reimbursement of expenses pertaining to services
rendered in connection with the Receiver's application in this
Court to hold the debtor and its managing member, Martin Weise, in
contempt, and (2) should Hamilton Heights Funding LLC, the secured
lender whose predecessor procured the appointment of the Receiver,
be required to pay any shortfall between the amounts awarded to
the applicants and the balance in the Receiver's account.  The
U.S. Trustee and Hamilton have also objected to certain time
entries as vague or lumped as well as the amount of time the Firm
spent traveling and preparing the applicants' fee applications.

In an Aug. 28, 2013 Memorandum Decision available at
http://is.gd/lXJFyYfrom Leagle.com, Judge Stuart Bernstein
concluded that the Firm is not entitled to compensation or
reimbursement of expenses for pursuing the contempt motion.  In
addition, the Court declined to consider the request to compel
Hamilton to cover the shortfall, and left the parties to their
state court remedies.

KOSSOFF & UNGER's Sally E. Unger, Esq. -- sunger@kaulaw,com --
serve as attorney for the Receiver.

                         About 415 West

415 West 150 LLC, a single-asset real estate company in Manhattan,
filed for Chapter 11 protection (Bankr. S.D.N.Y. Case No.
12-13141), on July 19, 2012.  The Debtor, which filed the case Pro
Se, estimated assets of more than $1 million and debts exceeding
$10 million.  The Debtor owned a seven-story building known as and
located at 415 West 150th Street, New York, New York.  The
Building was subject to a mortgage held by the Bank of Smithtown,
predecessor to Hamilton Heights Funding.


710 LONG RIDGE: Has Until Oct. 31 to Decide on Leases
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey has
extended 710 Long Ridge Road Operating Company II, LLC, et al.'s
deadline to assume or reject their unexpired leases of non-
residential real property through Oct. 31, 2013.

          About 710 Long Ridge Road Operating Company II

710 Long Ridge Road Operating Company II, LLC and four affiliates
own sub-acute and long-term nursing care facilities for the
elderly in Connecticut.  The facilities, which are managed by
HealthBridge Management LLC, are Long Ridge of Stamford, Newington
Health Care Center, Westport Health Care Center, West River Health
Care Center, and Danbury Health Care Center.

710 Long Ridge Road Operating Company II and its affiliates sought
Chapter 11 protection (Bankr. D.N.J. Case Nos. 13-13653 to 13-
13657) on Feb. 24, 2013, to modify their collective bargaining
agreements with the New England Health Care Employees Union,
District 1199, SEIU.

The Debtors owe $18.9 million to M&T Bank and $7.99 million on
loans from the U.S. Department of Housing and Urban Development
Federal Housing Administration.

Michael D. Sirota, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, serve as counsel to the Debtors.  Logan & Company, Inc.
is the claims and notice agent.  Alvarez & Marsal Healthcare
Industry Group, LLC, is the financial advisor.

Porzio, Bromberg & Newman, P.C., represents the Official Committee
of Unsecured Creditors.  The Committee tapped to retain
EisnerAmper LLP as accountant.


ACI WORLDWIDE: Ba3 CFR Unchanged by Tender for Official Payments
----------------------------------------------------------------
Moody's Investors Service said ACI Worldwide, Inc.'s ratings --
including the Ba3 corporate family rating -- are not impacted by
ACI's $109 million tender offer for Official Payments Holdings
Inc. though the transaction is credit negative.

ACI Worldwide, Inc., based in Naples, Florida, develops and
implements a broad line of software for financial institutions,
retailers, and payment processors to facilitate the processing of
electronic transactions such as wire transfers and credit and
debit card transactions.


ALL SAFE FIRE: Case Summary & 12 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: All Safe Fire Protection Inc.
        835 Franklin Avenue
        Thornwood, NY 10594

Bankruptcy Case No.: 13-23568

Chapter 11 Petition Date: September 19, 2013

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Robert D. Drain

Debtor's Counsel: Dawn Kirby Arnold, Esq.
                  DELBELLO DONNELLAN WEINGARTEN WISE &
                  WIEDERKEHR, LLP
                  One North Lexington Avenue
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: (914) 681-0288
                  E-mail: dkirby@ddw-law.com

Scheduled Assets: $619,231

Scheduled Liabilities: $1,201,181

A copy of the Company's list of its 12 largest unsecured
creditors, filed together with the petition, is available for free
at http://bankrupt.com/misc/nysb13-23568.pdf

The petition was signed by George Ulley, president.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
All Safe Firse Sprinkler Corp.         13-22721    3/06/13


ALLEGION US: S&P's 'BB+' CCR Unaffected by Upsize of Loan
---------------------------------------------------------
Standard & Poor's Ratings Services said that its 'BBB' and 'BB+'
issue-level ratings on Allegion US Holding Co., a subsidiary of
Ireland-based Allegion PLC, remain unchanged following the
company's decision to upsize its term loan B by $200 million and
reduce the proposed senior unsecured notes by the same amount.
These changes will increase the size of the company's term loan B
to $500 million from $300 million while the proposed senior
unsecured notes will be reduced to $300 million from the
originally expected $500 million.

Allegion US Holding Co.'s proposed senior secured revolving credit
facility due 2018, term loan A due 2018, and term loan B due 2020
are rated 'BBB', with recovery ratings of '1'.  The company's
proposed senior unsecured notes due 2021 are rated 'BB+', with a
recovery rating of '3'.

S&P's 'BB+' corporate credit rating and stable rating outlook on
Allegion PLC are unchanged and reflect its "significant" financial
risk profile and "satisfactory" business risk profile.  Pro forma
for the transaction, S&P expects a measure of adjusted leverage of
between 3x and 3.5x, with funds from operations to debt of about
20% over the next two years.  In S&P's base-case scenario, it
estimates modest annual revenue growth in the mid to low single
digits over the next two years as the majority of Allegion's
operations are in mature, low growth markets.  S&P expects the
company will maintain its historically healthy EBITDA margins of
about 20% due to its strong market position in residential and
commercial products in the U.S., its well known and preferred
brands, and good cost position.

Ratings List

Allegion PLC
Corporate Credit Rating                   BB+/Stable/--

Allegion US Holding Co.
Senior Secured
  $500 mil revolver bank ln due 2018       BBB
   Recovery Rating                         1
  $500 mil term A bank ln due 2018         BBB
   Recovery Rating                         1
  $500 mil term B bank ln due 2020         BBB
   Recovery Rating                         1
Senior Unsecured
  $300 mil nts due 2021                    BB+
   Recovery Rating                         3


AMERICAN AIRLINES: Extends Merger Termination Date with US Airways
------------------------------------------------------------------
Susan Carey, writing for Daily Bankruptcy Review, reported that
American Airlines parent AMR Corp. and US Airways Group Inc. said
on Sept. 23 they agreed to extend the termination date of their
merger agreement by a month to Jan. 18 to allow for a trial in
which they intend to challenge U.S. Justice Department objections
to the deal.

According to the report, as expected, the pair pushed back the
outside date by which either party may terminate the agreement,
which had been Dec. 17.  They notified the Securities and Exchange
Commission on Monday that if there is an unfavorable ruling by the
U.S. District Court judge in Washington, D.C. who will hear the
case, the two may terminate the merger agreement five days after
the judge enters a final, but appealable, order enjoining the
combination.  If the judge rules in their favor on or before Jan.
17, the companies said, either side could terminate the accord on
the 15th day following that order.  The trial is slated to begin
Nov. 25.

Tom Horton, AMR's chief executive officer, and Doug Parker, CEO of
US Airways, said in a statement that both airlines' boards and
management teams remain committed to completing the transaction
and the extension of the merger termination date reflects that,
the report related. "Our focus is on mounting a vigorous defense
and winning our court case so the new American can enhance
competition, provide better service to our customers and create
more opportunities for our employees," they said.

The proposed stock-swap combination is AMR's plan to emerge from
bankruptcy-court protection, the report recalled.  AMR creditors,
US Airways shareholders, both airlines' boards and most of their
unions and European Union regulators have approved that path to
exit. But the Justice Department on Aug. 13 surprised nearly
everyone by challenging the transaction, saying it would raise
fares and fees, rob consumers of choices and essentially create an
oligopoly in which the top four U.S. airlines would control more
than 80% of domestic capacity.

US Airways and AMR disagree, and have questioned why the Justice
Department is attempting to stop their combination when the agency
has allowed four other large airline mergers since 2005, the
report said.  Without a merger, American and US Airways contend
they won't be able to scale up to provide a counter-weight to
United Continental Holdings Inc. and Delta Air Lines Inc., two
companies that have bulked up through recent mergers and now are
far larger than American in traffic.

                      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 AIRLINES: Wants Docs From Govt. Over Prior Mergers
-----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that AMR Corp. and US Airways Group Inc. have their first
public dispute with the government over documents to be produced
in the antitrust lawsuit aimed at barring the airlines from
merging under AMR's Chapter 11 reorganization plan.

According to the report, the airlines want government documents
relating to approval of four prior airline mergers.  The
government has declined to provide the documents, arguing among
other things that prosecutorial discretion precludes comparing one
proposed merger with another.  The decisions on disputed document
production won't be made by U.S. District Judge Colleen Kollar-
Kotelly, the judge in Washington presiding over the antitrust
suit.  Early this month, she named former Washington D.C. Superior
Court Judge Richard A. Levie as special master.  His rulings on
discovery will be final unless he decides they are of sufficient
moment for review by Judge Kollar-Kotelly.

                      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.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,
U.S. District Court, District of Columbia (Washington).

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


AMERICAN AIRLINES: Merger Deadline Extended as U.S. Suit Fought
---------------------------------------------------------------
Mary Schlangenstein at Bloomberg News reports that American
Airlines and US Airways Group Inc. agreed to extend the deadline
for completing their $14 billion merger until at least Jan. 18 as
the carriers fight a U.S. antitrust lawsuit to block the
combination.

According to the report, the boards of American parent AMR Corp.
and US Airways approved moving the deadline from the original
Dec. 17 date, according to a regulatory filing Sept. 23.  If there
is a favorable order from the court on or before Jan. 17, the
companies have an additional 15 days to finish the deal.

The report notes that the tie-up, which would let American exit
bankruptcy protection, is on hold pending resolution of the U.S.
Justice Department's suit.  The airlines say the new American
would have the heft to compete with larger Delta Air Lines Inc.
and United Continental Holdings Inc., while the U.S. says the
merger would hurt consumers by raising fares and curbing
competition.

Both companies "remain committed to completing this combination to
create the new American," Chief Executive Officers Doug Parker of
US Airways and Tom Horton of American said in a statement.  "Our
focus is on mounting a vigorous defense and winning our court
case."

The report discloses that American and Tempe, Arizona-based
US Airways also said they amended the merger agreement to drop a
$20 million severance package for Horton after the judge in
American's bankruptcy case challenged the amount.  American's
lawyers had agreed to the change earlier this month.

The antitrust case is U.S. v. US Airways Group Inc., 13-cv-01236,
U.S. District Court, District of Columbia (Washington).

                       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)


ANGLO IRISH: Liquidators Seek Protection from Probe
---------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that the liquidators of what was once what was once one of
Ireland's largest banks are asking a U.S. judge for a protective
order to shield them from investors who want to challenge their
U.S. bankruptcy case.

According to the report, KPMG's Kieran Wallace and Eamonn
Richardson, the special liquidators in the Irish insolvency
proceeding of the former Anglo Irish Bank Corp., are seeking a
court order protecting them from investors" legal discovery
demands that are " irrelevant, unnecessary and, as a consequence,
unduly burdensome," they argued in a bankruptcy-court filing on
Sept. 20.

The KPMG liquidators are in charge of Irish Bank Resolution Corp.,
the liquidation vehicle created to wind down the bank, the report
related.

They were set to ask a U.S. bankruptcy judge on Sept. 20 to
recognize Ireland as the main forum for wrapping up Anglo Irish's
final affairs, the report added.  But an investor group that
includes Paul Singer's Elliott Management, which owns $75 million
in subordinated notes issued by the former Anglo Irish Bank, says
it wants to investigate, and may ultimately contest, liquidation
vehicle's Chapter 15 bankruptcy petition.

Lawyers for the investors, which also include Castleway Properties
LLC and Irish property developer John Flynn, say a special law
passed in February by Ireland's Parliament stripped creditors of
their rights and benefits the Irish government at their expense,
the report related. They say the Irish law, dubbed the Bank
Resolution Act, doesn't meet the requirement for recognition
required under U.S. bankruptcy law.

Judge Christopher Sontchi of the U.S. Bankruptcy Court in
Wilmington, Del., has scheduled a hearing on the dispute for
Oct. 7, the report further related.

                        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.


APARTMENTS & ACQUISTIONS: Case Summary & 2 Unsecured Creditors
--------------------------------------------------------------
Debtor: Apartments and Acquistions L.P.
          aka Apartments & Acquistions L.P.
          aka Apartments And Acquistions LLP
          aka Jamilie LLC (As Result Of Merger 9/13/13
        51 North Oak Street
        Mount Carmel, PA 17851

Bankruptcy Case No.: 13-04772

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Williamsport)

Judge: John J. Thomas

Debtor's Counsel: Michael J McCrystal, Esq.
                  MCCRYSTAL LAW OFFICES
                  2355 Old Post Road, Suite 4
                  Coplay, PA 18037
                  Tel: (610) 262-7873
                  Fax: (610) 262-2219
                  E-mail: mccrystallaw@gmail.com

Estimated Assets: $0 to $50,000

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

A copy of the Company's list of its largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/pamb13-4772.pdf

The petition was signed by George Atiyeh, controlling general
partner.


APTALIS PHARMA: S&P Affirms 'B+' CCR; Outlook Stable
----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+' long-
term corporate credit rating on New Jersey-based specialty
pharmaceutical company Aptalis Pharma Inc.  The outlook is stable.

Standard & Poor's also affirmed its 'B+' issue-level rating on
Aptalis' senior secured debt and revised its recovery rating on
the debt to '4' from '3'.

At the same time, Standard & Poor's assigned its 'B+' issue-level
rating to the company's proposed US$1.55 billion senior secured
debt facility, consisting of a US$150 million revolver due 2018
and a US$1.4 billion term loan B due 2020.  Standard & Poor's also
assigned its '4' recovery rating to Aptalis' new credit facility,
indicating S&P's expectations of average (30%-50%) recovery in the
event of a default.

The ratings on Aptalis reflect the company's "weak" business risk
and "aggressive" financial risk profiles (as our criteria define
the terms).

"The business risk profile reflects Aptalis' susceptibility to
competition and regulatory changes in its narrow focus on
gastroenterology and cystic fibrosis treatments, as well as the
potential of generic competition for two of its significant
franchises over the next several years," said Standard & Poor's
credit analyst Arthur Wong.  "These risks are somewhat offset by
the company's relatively diverse product portfolio," Mr. Wong
added.

Sponsor-owned Aptalis maintains an aggressive financial risk
profile, highlighted by its heavy debt burden following the
proposed dividend refinancing.  Following the transaction, debt
leverage will climb to an adjusted 4.6x debt-to-EBITDA ratio.
S&P's aggressive financial risk profile incorporates leverage
remaining under 5x in the long term.

Aptalis specializes in the treatment of gastrointestinal (GI)
diseases and disorders, including pancreatic enzyme deficiencies,
cholestatic liver diseases, and inflammatory bowel disease.  The
company focuses on niche opportunities in the GI market, where
competition from much larger pharmaceutical companies is limited,
enabling Aptalis to build a leading market share with its small,
but highly trained, specialty sales force.  A number of Aptalis'
key products -- Zenpep, Carafate, and Canasa -- hold leading or
No. 2 positions in their respective niche markets.

The stable outlook on Aptalis reflects S&P's belief that growing
sales of Zenpep and other newer products, continued steady sales
of the company's core portfolio, and continued improvement in
EBITDA margins will enable Aptalis to generate increasing free
cash flows and allow it to steadily reduce debt over time.  An
upgrade in the near term seems unlikely, given the aggressive
financial risk profile of sponsor-owned Aptalis.  S&P projects
that adjusted debt leverage will fall to the 4x area by fiscal
year-end 2014.  S&P has not projected any major acquisitions in
the near term and believes Aptalis will rely on in-licensing deals
to further expand its portfolio and product pipeline.  S&P could
lower its ratings if the company encounters setbacks in the
pancreatic enzyme product market, suffers an unexpected sales
decline in its core portfolio, or adopts more aggressive financial
policies, such as additional large debt-financed acquisitions or
sizable dividends, resulting in sustained leverage above 5x.


APTALIS PHARMA: Moody's Assigns B2 Rating to New Bank Facilities
----------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to the new senior
secured bank credit facilities (revolver and term loan) of Aptalis
Pharma Inc. and affirmed the B2 Corporate Family Rating and B2-PD
Probability of Default Rating. Concurrently, Moody's changed the
rating outlook to positive from stable and upgraded the
Speculative Grade Liquidity Rating to SGL-1 from SGL-2.

Proceeds from the term loan in combination with cash on hand will
be used to fund a $550 million shareholder dividend and repay all
of the company's existing debt. Upon close of the transaction and
review of all final documentation, Moody's will withdraw the
ratings on the existing debt.

Ratings assigned and point estimates updated:

Senior secured credit facilities at B2 (LGD 3, 49%)

Ratings affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Existing senior secured credit facilities at B2 (LGD3, 49%) from
B2 (LGD4, 50%); to be withdrawn at closing)

Rating upgraded:

Speculative Grade Liquidity Rating to SGL-1 from SGL-2

Ratings Rationale:

Aptalis' B2 Corporate Family Rating reflects its limited size and
scale relative to much larger pharmaceutical peers, partially
offset by its strong market position as a niche player in the
gastroenterology market. Products such as Carafate and Zenpep will
remain the largest growth drivers over the next 12 to 18 months.
With the integration of Eurand (acquired in 2011) complete,
Aptalis' cash flows will continue to benefit from realized cost
synergies and its growing key products. The rating also reflects
Aptalis' high concentration in products which do not benefit from
any patent protection and are therefore exposed to generic
competition. Other products -- most notably Canasa -- face patent
challenges from generic manufacturers, and it is difficult to
indefinitely rule out generic competition.

Moody's believes a combination of EBITDA growth and moderate
levels of debt repayment will lower debt/EBITDA below 4.0 times
over the next 12 to 18 months. The ratings could be upgraded with
demonstrated growth in top line, improving product diversity,
improving cash flows and specifically, debt/EBITDA sustained below
4.0 times. The ratings could be downgraded if debt/EBITDA exceeds
6.0 times or if CFO/debt drops below 5%. Although unlikely over
the next 12 to 18 months, such a scenario could arise from a
generic launch of a key product or debt financed acquisitions or
dividends.

The outlook change to positive reflects Moody's expectations of
continued growth in key products such as Carafate, Canasa and
Zenpep expected to result in strengthening of Aptalis' credit
metrics. Although the shareholder dividend is credit negative
because of the ensuing increase in financial leverage, Moody's
believes that Aptalis' rising cash flows will not only support the
new debt but can also lead to a higher rating over time.

The upgrade in the Speculative Grade Liquidity Rating to SGL-1
reflects expectations of more than $200 million in annual cash
flows and the removal of financial maintenance covenants while the
revolver is undrawn.

With principal offices in Bridgewater New Jersey, Aptalis Pharma,
Inc., is a privately-held specialty pharmaceutical company
concentrating in the field of gastroenterology and cystic fibrosis
and operating primarily in North America and Europe. For the nine
months ended June 30, 2013, Aptalis reported total revenues of
approximately $530 million.

The principal methodology used in this rating was the Global
Pharmaceutical Industry published in December 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.


ARROW ALUMINUM: U.S. Trustee Objects to Confirmation of Plan
------------------------------------------------------------
Samuel K. Crocker, the United States Trustee for Region 8 objects
to the confirmation of Arrow Aluminum Industries, Inc.'s proposed
plan of reorganization on these grounds:

   1. The Debtor may be unable to fund the proposed plan payments.

   2. The Debtor's projections included with the Disclosures
Statement are premised upon the outcome of a lawsuit against First
Citizens National Bank and as yet not realized contracts for
Energy Star windows which the Debtor does not presently
manufacture.  In addition, the shareholders of the Debtor are
seeking reverse mortgages on their personal residences to fund
payments to secured creditor, First Citizens National Bank.

   3. At present, the Debtor's Plan is not feasible and
accordingly, the Debtor has failed to satisfy the confirmation
standards set forth in Section 1129(a)(11) of the Bankruptcy Code
and the Plan should not be confirmed.

   4. The Plan provides that unsecured creditors, aside from First
Citizens National Bank, will receive preferred stock in proportion
to five percent of each creditor's allowed claim, without
interest, late charges, penalties or attorney fees.  Neither the
Disclosure Statement nor the Plan set out the terms of the
preferred stock.

   5. The Plan does not provide a remedy in the event of a default
in payments.  Language that would be acceptable is: "Should the
Reorganized Debtor default in payment of any claim, such creditor
may seek any appropriate remedy in any appropriate non-bankruptcy
forum."

   6. The Plan provides that equity holders will retain their
interests.  The Plan does not contemplate that unsecured creditors
will be paid in full.  As such, the Plan violates the absolute
priority rule.

A hearing on the U.S. Trustee objection was scheduled for
Sept. 25, 2013, at 10:00 a.m.

                       About Arrow Aluminum

Arrow Aluminum Industries, Inc., filed a Chapter 11 petition
(Bankr. W.D. Tenn. Case No. 13-21470) in Memphis on Feb. 11, 2013.
The petition was signed by William Ted Blackwell as president.
The Debtor has scheduled assets of $126,246,137 and scheduled
liabilities of $3,130,103.  The Debtor is represented by
Steven N. Douglass, Esq., at Harris Shelton Hanover Walsh, PLLC.

This is the Debtor's third Chapter 11 case.  The previous two
cases were assigned  Nos. 11-21215 and 12-13482. Both of the
previous two Chapter 11 cases were dismissed without a Plan of
Reorganization having been approved.

The Debtor's Plan provides for Arrow's primary creditor, First
Citizens National Bank, to receive a secured claim for the
equipment and the insider principals obtaining reverse mortgages
on their homes and properties to pay Citizens Bank.

On Sept. 5, 2013, the Court entered an order approving the
disclosure statement explaining the Debtor's Plan.


ASR CONSTRUCTORS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: ASR Constructors, Inc.
        5230 Wilson Street
        Riverside, CA 92509

Bankruptcy Case No.: 13-25794

Chapter 11 Petition Date: September 20, 2013

Court: U.S. Bankruptcy Court
       Central District of California (Riverside)

Judge: Mark D. Houle

Debtor's Counsel: James C Bastian, Jr., Esq.
                  SHULMAN HODGES & BASTIAN, LLP
                  8105 Irvine Center Drive, Suite 600
                  Irvine, CA 92618
                  Tel: (949) 340-3400
                  E-mail: jbastian@shbllp.com

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

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

The petition was signed by Alan Regotti, president.

Debtor's List of Its 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Gotte Electric, Inc.               Litigation           $6,655,486
27525 Enterprise Circle West, Suite 101-A
Temecula, CA 92590

M2 Fencing                         Trade Debt             $839,511
7316 Toll Drive
Rosemead, CA 91770

Zions First National Bank          Loan                   $518,213
1 S. Main Street, Suite 700
Salt Lake City, UT 84133-1109

CDC Small Business Finance         SBA Loan               $451,104
1545 River Park Drive, Suite 530
Sacramento, CA 95815

Real Goods Solar, Inc.             Trade Debt             $139,740

Berkley Regional Insurance Company Bonding Company        $129,600

Engineered Wall Systems, Inc.      Trade Debt             $124,088

Performance Systems Co.            Trade Debt             $109,221

TN Sheet Metal, Inc.               Trade Debt              $67,333

Carpenters Southwest Trust         Litigation              $58,331

Mackenzie Electric, Inc.           Trade Debt              $54,121

Rogers Anderson Malody & Scott,    Accounting Services     $53,350
LLP CPA

Legend Theatrical                  Trade Debt              $53,036

Thyssenkrupp Elevator              Trade Debt              $44,674

Borbon, Inc.                       Trade Debt              $42,420

Serban's Sound                     Trade Debt              $41,040

Waterworks Industries, Inc.        Litigation              $39,848

Alcorn Aire, Inc.                  Trade Debt              $39,731

Lester & Cantrell, LLP             Legal Services          $37,650

Vector Resources Enterprise        Trade Debt              $36,425


ATARI INC: Files Turnaround Plan to Exit Bankruptcy
---------------------------------------------------
Michael Bathon at Bloomberg News reports that Atari Inc., the
bankrupt video-game maker, filed a reorganization plan to give
unsecured creditors a recovery of as much as 25 percent and exit
court protection as a going concern.

The company sought bankruptcy protection in January intending to
break away from French parent Atari SA, which hasn't made a profit
since 1999 and sought related relief from creditors under French
law, the company has said.  Atari now plans to reorganize with its
parent's support, which is sponsoring the restructuring plan, and
continue operating with the brands it has left, according to
filings in U.S. Bankruptcy Court in Manhattan.  "The plan
effectuates a restructuring transaction under which the sponsor
will make contributions to the estates sufficient to ensure a
meaningful recovery to holders of general unsecured claims," the
New York-based company said in court papers filed Sept. 20.

                       Liquidation Scenarios

The Bloomberg report relates that the company said in court papers
that after evaluating its prospects as "ongoing business
enterprises" and creditors' recoveries in various liquidation
scenarios, Atari and its parent determined the "business and
remaining assets have substantial value that would not otherwise
be realized in a liquidation."

According to the report, stakeholders would be better served by
continuing operations as a going concern, it said.  The video-game
maker would reorganize around titles such as "RollerCoaster
Tycoon," "Test Drive" and "Centipede."  The company moved forward
with auctions of seven less valuable franchises that generated a
total of about $5.1 million, according to court papers.

The report notes that under the plan, unsecured creditors, which
Atari estimates are owed $5 million to $7 million, will get cash
payments for a recovery of as much as 25 percent, according to
court documents.  The recovery estimate assumes the unsecured
creditors aren't owed more than $7 million and would be reduced if
allowed claims exceed that amount.

                        Creditor Recoveries

The official committee representing unsecured creditors supports
the plan, according to court papers.  The unsecured creditors
would get a payment of 8 percent of their claims or $560,000,
whichever is less, when the plan takes effect.  They would get
identical treatment one year later, and then get a payment for the
lesser of 9 percent of their claims or $630,000 two years later.

The report discloses that parent Atari SA is waiving its right to
any distribution on its $309.5 million intercompany claims,
according to court documents.  Alden Global Capital, which
acquired a secured credit facility to Atari SA in February, will
be paid in full on the $5 million it lent to help fund Atari's
bankruptcy.  Alden is waiving its right to distributions on
account of a secured claim it has against Atari.

                             About Atari

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

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

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

On Feb. 15, 2013, the Court entered the order authorizing the
employment and retention of Hunton & Williams LLP as counsel to
the Debtors.  On Feb. 5, 2013, the Debtors' board of directors was
reconstituted.  The reconstituted board of directors elected to
retain alternate bankruptcy counsel.  Hunton's retention as the
Debtors' counsel terminated on Feb. 6, 2013.

Ira S. Dizengoff, Esq., and Kristine G. Manoukian, Esq., at Akin
Gump Strauss Hauer & Feld LLP, in New York, N.Y.; and Soctt L.
Alberino, Esq., at Akin Gump Strauss Hauer & Feld, LLP, in
Waqshington, D.C., represent the Debtors as counsel.

BMC Group is the claims and notice agent.  Guy Davis and Susan
Roski at Protiviti Inc. serve as financial advisors.

Duff & Phelps Securities LLC serves as financial advisor to the
Official Committee of Unsecured Creditors.  Cathy Hershcopf, Esq.,
Jeffrey L. Cohen, Esq., and Robert B. Winning, Esq., at Cooley LLP
serve as the Committee's counsel.

Ken Coleman, Esq., and Jonathan Cho, Esq., at Allen & Overy LLP,
serve as counsel to Atari S.A.


ATM TRADING: Case Summary & 10 Unsecured Creditors
--------------------------------------------------
Debtor: ATM Trading, Inc.
          dba Kwik Stop
        524 E. Gateway Blvd.
        Boynton Beach, FL 33435

Bankruptcy Case No.: 13-32166

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Erik P. Kimball

Debtor's Counsel: Brian K. McMahon, Esq.
                  BRIAN K. MCMAHON, P.A.
                  6801 Lake Worth Rd #315
                  Lake Worth, FL 33467
                  Tel: (561) 642-3000
                  Fax: (561) 965-4966
                  E-mail: briankmcmahon@gmail.com

Scheduled Assets: $293,712

Scheduled Liabilities: $673,555

A copy of the Company's list of its 10 unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/flsb13-32166.pdf

The petition was signed by Mohammed A. Khan.


AVIATION CAPITAL: S&P Assigns 'BB+' Rating to Senior Notes
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' rating to
Aviation Capital Group Corp.'s (ACG's) senior notes.  The issue is
Rule 144A without registration rights.  The company will use the
proceeds for general corporate purposes.

S&P's ratings on ACG reflect its position as a major provider of
aircraft operating leases and its ownership of new-technology
aircraft with relatively stable asset values.  Inherent risks of
cyclical demand and lease rates for aircraft, as well as a
significant--albeit declining--percentage of encumbered assets,
limit the credit rating.  The ratings on ACG do not incorporate an
explicit parental guarantee from its parent, Pacific Life
Insurance Co. (A+/Stable/A-1+), which is owned by Pacific LifeCorp
(BBB+/Stable/--).  However, S&P gives one notch of credit for
potential support from the higher-rated parent, as per its
criteria.  Pacific Life Insurance injected $350 million of equity
into ACG in March 2010.  S&P characterizes ACG's business risk
profile as "satisfactory," its financial risk profile as
"significant," and its liquidity as "adequate" under S&P's
criteria.

The rating outlook is stable.  S&P expects ACG's financial profile
to remain relatively consistent through 2014 despite the addition
of several new aircraft over that period funded through
incremental debt.  S&P don't consider an upgrade likely until
lease rates for aircraft lessors improve enough so that funds from
operations (FFO) to debt approach 10% on a sustained basis, or
until Pacific Life Insurance chooses to operate ACG at lower
leverage.  Although S&P don't consider it likely, it could lower
the ratings if FFO to debt declined to less than 6% on a sustained
basis because of global economic weakness, particularly in Europe,
resulting in weaker demand for aircraft, which would likely
pressure lease rates and cash flow.  S&P could also lower the
ratings if it believes Pacific Life Insurance would reduce its
support to ACG.

RATINGS LIST

Aviation Capital Group Corp.
Corporate credit rating              BBB-/Stable/--

Rating Assigned

Aviation Capital Group Corp.
Sr unsecured notes                   BB+


BATE LAND: Bankruptcy Administrator Unable to Form Creditors Panel
------------------------------------------------------------------
The Bankruptcy Administrator for the Eastern District of North
Carolina notified the Bankruptcy Court that it was unable to
organize and recommend the appointment of a committee of creditors
holding unsecured claims against Bate Land & Timber, LLC.

According to the Bankruptcy Administrator, despite its efforts to
contact unsecured creditors, sufficient indications of willingness
to serve on a committee of unsecured creditors were not received
from persons eligible to serve on such a committee.

                     About Bate Land & Timber

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

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

The Plan filed in the case proposes to sell all of the Debtor's
real property valued at $47,032,125, and personal property valued
at $6,445,499.  Proceeds from the asset sales will fund the Plan.
The liens secured by the Debtor's property will attach to the net
proceeds of the sale remaining after payment costs of sale and all
reasonable and ordinary closing costs.


BERNARD L. MADOFF: Feeder Fund Investors Might Receive Something
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that victims of Bernard L. Madoff Investment Securities
Inc. who invested through feeder funds stand a chance of receiving
a share of more than $2.2 billion forfeited to the U.S.
government.

According to the report, so far, feeder fund investors have been
shut out of distributions made by the Madoff trustee appointed
under the Securities Investor Protection Act.  The $2.2 billion is
the government's share of a $7.2 billion settlement with the
estate of the late Jeffry M. Picower.  Madoff trustee Irving
Picard already included his $5 billion in distributions to
customers.  Mr. Picard must make distributions to creditors who
fall within the definition of "customers" under SIPA.  Courts
ruled that feeder fund investors aren't customers of the Madoff
firm.  A feeder fund is an entity that received money from
investors and in turn invested with Madoff.

The report notes that Richard C. Breeden, former chairman of the
Securities and Exchange Commission, was appointed by the
government in December to serve as special master and oversee
distribution of the $2.2 billion forfeiture.  On his website,
Mr. Breeden said federal forfeiture law has him making
distributions to "victims" rather than "customers" as defined in
SIPA.  Mr. Breeden didn't say who might receive distributions of
forfeited funds, although he implied that a feeder fund investor
might qualify as a victim.

The report relates that Mr. Breeden also left the door open to
including so-called net winners in the definition of victims.  A
net winner is someone who managed to take more out of the Madoff
firm than the person invested.  In the SIPA liquidation, the
courts ruled that net winners aren't customers, meaning that
customers can't have claims for fictitious profits.  This month,
the bankruptcy judge ruled that Mr. Picard isn't required to
increase customers' claims to reflect the length of time money was
invested with Madoff.  The statement on Mr. Breeden's website
suggested the result could be different for victims so that the
time-value of money might be considered in calculating how much
someone can receive.  Compared with SIPA, forfeiture law gives Mr.
Breeden more discretion in developing a scheme for distribution.
However he decides to define victims means some investors will
fare less well.  It is therefore possible there could be appeals
slowing the distributions Mr. Breeden will make.  Even though the
Madoff SIPA liquidation is almost five years old, litigation is
still ongoing over who's entitled to distributions and for how
much.

The report relays that Mr. Breeden didn't say when he will
announce his distribution scheme.  When Mr. Breeden was appointed
in December, the U.S. Attorney said the process of distributing
forfeited property should "begin shortly."  The forfeiture
distribution is being made as part of Madoff's criminal case.  The
Madoff firm began liquidating in December 2008 with Mr. Picard's
appointment as trustee.  From recoveries in lawsuits coupled with
money advanced by the Securities Investor Protection Corp.,
Mr. Picard has paid 53 percent of customers' claims totaling
$17.3 billion.

                       About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has paid about 58 percent of customer claims totaling
$17.3 billion.  The most recent distribution was in March 2013.

Mr. Picard has collected about $9.35 billion, not including an
additional $2.2 billion that was forfeit to the government and
likewise will go to customers. Picard is holding almost
$4.4 billion he can't distribute on account of outstanding
appeals and disputes.  The largest holdback, almost $2.8 billion,
results from disputed claims.


BERNARD L. MADOFF: Money on Way "Fast as Possible," DOJ Fund Says
-----------------------------------------------------------------
Linda Sandler, writing for Bloomberg News, reported that the
Madoff Victim Fund controlled by the U.S. Justice Department said
it will distribute $2.4 billion in forfeitures from the Jeffry
Picower estate "as fast as possible" once all eligible recipients
are known.

According to the report, the statement came in answer to calls for
an update from victims of the fraud, according to the Madoff
Victim Fund's four-month-old website.  The money is part of a
$7.2 billion settlement by the widow of one of Bernard Madoff's
largest individual investors of a lawsuit accusing Picower of
having known of the fraud, which robbed customers of about $17
billion in principal.

A federal judge approved the settlement in March 2012 and the
trustee liquidating Madoff's bankrupt brokerage distributed his
$5 billion share of the Picower money a year ago, when a former
Madoff customer lost her legal bid to challenge her exclusion from
the payout, the report related.

Any perceived delay by the government in distributing its share of
the money relates to definitions of who is eligible, according to
the Justice Department's fund, the report said.  While the trustee
for the Madoff firm's estate uses bankruptcy law to decide which
customers should be compensated, the fund must screen the conman's
investors for victims, according to its website.

"The legal definition of 'victim' is different," the fund said,
the report further related.  "The MVF must analyze carefully the
circumstances under which eligible customers are also 'victims,'
as well as whether there are 'victims' who were not recognized as
'customers' in the bankruptcy proceedings."

                      About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has paid about 58 percent of customer claims totaling
$17.3 billion.  The most recent distribution was in March 2013.

Mr. Picard has collected about $9.35 billion, not including an
additional $2.2 billion that was forfeit to the government and
likewise will go to customers. Picard is holding almost
$4.4 billion he can't distribute on account of outstanding
appeals and disputes.  The largest holdback, almost $2.8 billion,
results from disputed claims.


BIAX CORPORATION: Case Summary & 19 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Biax Corporation
        1942 Broadway, Suite 404
        Boulder, CO 80302

Bankruptcy Case No.: 13-25825

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Howard R. Tallman

Debtor's Counsel: Christian C. Onsager, Esq.
                  ONSAGER, STAELIN & GUYERSON, LLC
                  1873 S. Bellaire St., Ste. 1401
                  Denver, CO 80222
                  Tel: (303) 512-1123
                  E-mail: consager@osglaw.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
is available for free at
http://bankrupt.com/misc/cob13-25825.pdf.pdf

The petition was signed by R. Scott Livingstone, president.


BRANDON & BRANDON: Case Summary & 3 Unsecured Creditors
-------------------------------------------------------
Debtor: Brandon & Brandon, LLC
        3545 Parrish Road
        Winston Salem, NC 27105

Bankruptcy Case No.: 13-51152

Chapter 11 Petition Date: September 19, 2013

Court: United States Bankruptcy Court
       Middle District of North Carolina (Winston-Salem)

Debtor's Counsel: Phillip E. Bolton, Esq.
                  BOLTON LAW GROUP
                  622-C Guilford College Road
                  Greensboro, NC 27409
                  Tel: (336) 294-7777
                  E-mail: filing@boltlaw.net

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

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

A list of the Company?s three largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/ncmb13-51152.pdf

The petition was signed by William T. Brandon.


CALCEUS ACQUISITION: S&P Retains 'B' Rating Following Downsize
--------------------------------------------------------------
Standard & Poor's Ratings Services said that its 'B' secured debt
rating on New York-based Calceus Acquisition Inc.'s proposed
secured term loan due 2020 is unchanged following the reduction of
the loan to $320 million, from $350 million.  S&P is revising its
recovery rating on the proposed debt to '3', which indicates its
expectation for meaningful (50%-70%) recovery in the event of a
default, from '4'.  The 'B' corporate credit rating on Calceus
remains unchanged.  The outlook is stable.

S&P expects the company to use proceeds from the proposed issue to
fund a $30 million dividend to shareholders, and to refinance the
existing $290 million term loan.  Pro forma for the proposed
transaction, total reported debt will increase to about
$348 million, up from about $318 million as of May 31, 2013.  S&P
estimates pro forma debt-to-EBITDA leverage will increase to the
high-6x area from the mid-6x area for fiscal 2013, ended May 31,
2013.  S&P forecasts leverage could decline to the 6x area by the
end of 2014.

S&P's ratings on the maker of Cole Haan footwear and accessories
reflects its assessment that the company's financial risk profile
continues to be "highly leveraged," with pro forma leverage in the
high 6x area.  In addition, S&P believes the company's financial
policy has become more aggressive with the pending shareholder
distribution soon after the February 2013 acquisition transaction,
and have revised its descriptor to "very aggressive" from
"aggressive".

S&P's ratings further reflects its view that Calceus' business
risk profile will continue to be "weak".  The business risk
assessment is constrained by S&P's view of the highly competitive
market in which Calceus operates, as well as by its limited
geographic diversification and reliance on a single brand.  S&P
believes the company benefits from its strong positions in the
U.S. premium footwear market and good diversification by product
category and distribution channel.

Ratings List

Calceus Acquisition Inc.
Corporate credit rating            B/Stable/--

Issue Rating Unchanged; Recovery Rating Revised
                                    To          From
Calceus Acquisition Inc.
Senior secured
  $320 mil. term loan due 2020      B           B
   Recovery rating                  3           4


CALCEUS ACQUISITION: Dividend Cut No Impact on Moody's Ratings
--------------------------------------------------------------
Moody's Investors Service said that while the modest reduction in
Calceus Acquisition, Inc.'s (the parent company of Cole Haan)
expected overall debt burden is a positive, concerns remain
regarding a more aggressive financial policy and the possibility
of further shareholder distributions in the future.

Headquartered in New York, NY, Cole Haan is a designer and
retailer of men's and women's footwear, handbags, and accessories.
LTM May 2013 revenues were approximately $577 million.

On January 10, 2013, Moody's assigned a B2 Corporate Family Rating
to Calceus Acquisition, the entity that will acquire Cole Haan LLC
as well as a B2 rating to the company's proposed $270 million
senior secured term loan due 2020. The rating outlook is stable.


CAPITOL BANCORP: G3 Objects to Amended Liquidating Plan
-------------------------------------------------------
BankruptcyData reported that G3 Properties filed with the U.S.
Bankruptcy Court an objection to the Amended Joint Liquidating
Plan and related Disclosure Statement for Capitol Bancorp and
Financial Commerce Corporation.

The objection explains, "The Plan improperly proposes to
permanently enjoin the Investors from continuing the State Court
Litigation.  In addition, the Plan contains exculpation, release
and indemnification provisions which, in their current form,
violate the Bankruptcy Code and should therefore be revised in
order to narrow their scope.  Finally, the Plan fails to provide
adequate information that would permit creditors, including the
Investors, to make an informed decision with respect to the Plan
and the consequences thereof."

As reported in the July 25, 2013 edition of the TCR, Capitol
Bancorp and Financial Commerce Corporation have a Joint
Liquidating Plan that is premised on the Debtors commencing a
competitive sale process to sell and convey each of their
remaining non-debtor subsidiary banks, individually or in groups.
At any time prior to, or during, the sale process, the Debtors may
convert from a liquidation to a reorganization.  A full-text copy
of the Amended Plan dated July 17, 2013, is available for free at:

      http://bankrupt.com/misc/CAPITOLBANCORPplan0717.pdf

                     About Capitol Bancorp

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

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

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

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

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

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


CAPMARK FINANCIAL: Confirmed Ch. 11 Plan Bars Fillmore's $50M Suit
------------------------------------------------------------------
Law360 reported that Capmark Financial Group Inc.'s confirmed
Chapter 11 plan discharged a breach of contract claim filed in New
York state court by one of Fillmore Capital Partners' units over a
loan secured by a mall and hotel complex, a Delaware bankruptcy
judge ruled on Sept. 23.

According to the report, U.S. Bankruptcy Judge Christopher S.
Sontchi granted Capmark's request to enforce the plan confirmation
and direct Fillmore East BS Finance Subsidiary LLC to drop its
case in New York alleging Capmark wrongfully induced a borrower to
default on the loan.

                    About Capmark Financial

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

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

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

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

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

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

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

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


CARIBBEAN INT'L: Puerto Rico's El Vocero Newspaper Files for Sale
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Caribbean International News Corp., owner of the El
Vocero, the newspaper with the second-largest circulation in
Puerto Rico, filed a petition for Chapter 11 protection (Bankr.
D.P.R. Case No. 13-07759) on Sept. 20 in San Juan.

According to the report, there is a contract for Publi-Inversiones
Puerto Rico Inc. to buy the paper for $3 million.  The paper has a
circulation of 118,000. Distribution became free in July 2012.

The report notes that the petition disclosed assets of
$6.4 million and debt totaling $90.5 million, including
$10.9 million in secured debt.


CASCADE AG: Asset Sales to Secured Creditors Clarified
------------------------------------------------------
The Bankruptcy Court entered an ex parte order amending a prior
ruling authorizing Cascade AG Services, Inc. to sell assets.  The
amended order, among other things, clarifies the assets being
acquired by Columbia State Bank; One PacificCoast Bank; and
Washington Federal.  The amended order also authorizes the
Liquidating Agent to execute each Bill of Sale.

OPCB, Columbia and Washington Federal moved for entry of an order
approving the forms of bills of sale to be issued to the secured
creditors which implement the order authorizing and approving the
sale of assets.  In connection with the closing of the sale, the
Liquidating Agent, OPCB, Columbia and Washington Federal
discovered there were certain non-substantive corrections to the
respective schedules to be attached to the bills of sale, and the
need for clarifications as to specific items purchased on the
bills of sale. There is no new property being purchased.  The
bills of sale attached to the proposed Order and the related
schedules are intended to correct and clarify the matters.

The Liquidating Agent supported the request and asked the secured
creditors to apply for the order.

David W. Criswell, Esq., at Ball Janik LLP, represents One
PacificCoast Bank; Deborah A. Crabbe, Esq., at Foster Pepper PLLC,
represents Columbia; and Charles R. Ekberg, Esq., at Lane Powell
PC represents Washington Federal.

On Sept. 9, the Court authorized and approved the sale of the
Debtor's assets to Kruger Foods, Inc., One PacificCoast Bank,
Washington Federal and Columbia State Bank.

Red to Black Advisors, LLC, conducted an auction process.

                         About Cascade AG

Cascade AG Services, Inc., dba Pleasant Valley Farms, fdba
Mountain View Produce, Inc., fdba Staffanson Harvesting LLC, fdba
Sterling Investment Group, L.L.C., is a vegetable processing
company that processes Washington-grown cucumbers and cabbage into
pickles and sauerkraut.

Cascade AG filed for Chapter 11 bankruptcy (Bankr. W.D. Wash. Case
No. 12-18366) on Aug. 13, 2012.  In amended schedules, the Debtor
disclosed $25,522,648 in assets and $21,354,742 in liabilities as
of the Chapter 11 filing.

Lawyers at Cairncross & Hempelmann PS, in Seattle, serve as the
Debtor's counsel.  Clyde A. Hamstreet & Associates, LLC, is the
Debtor's chief restructuring officer and financial advisor.  The
petition was signed by Craig Staffanson, president.

The U.S. Trustee appointed seven creditors to the Official
Unsecured Creditors' Committee.  Lawrence R. Ream, Esq., at
Schwabe, Williamson & Wyatt PC, Seattle, represents the Committee
as counsel.

DIP lender One PacificCoast Bank, FSB, is represented by Brad T.
Summers, Esq., and David W. Criswell, Esq.

The Plan filed in the Debtor's case contemplates a $3.0 million
capital infusion.  Money contributed to fund the Plan will be used
to satisfy Administrative Expense Claims to the extent that those
Claims must be satisfied for Confirmation, unless there is
agreement with Holders of Administrative Expense Claims to defer
payment.


CASCADE AG: Triak Holdings Demands Breakup Fee
----------------------------------------------
Diana K. Carey, Esq., at Karr Tuttle Campbell, on behalf of
Pleasant Valley Farms, LLC fka Triak Holdings, LLC (Whyte's Food
Corp.), asked that the Bankruptcy Court to authorize (a) payment
of a break-up fee of $100,000; (b) return of its $300,000 bid
deposit made to the asset purchase agreement entered into Aug. 2,
2013, by and between Pleasant Valley Farms, LLC, and debtor
Cascade AG Services, Inc.

AS reported in the Troubled Company Reporter on July 17, 2013,
Judge Karen A. Overstreet approved bidding procedures governing
the sale of all or substantially all of the Debtor's assets.

Triak Holdings, LLC, the stalking horse bidder, was deemed the
final bidder.  One Pacific Coast Bank, Washington Federal and
Columbia State Bank, Skagit Farmers and RSF Mezzanine Fund were
deemed qualified bidders and excused from satisfying the
qualifying bid requirements.

On Sept. 9, the Court authorized and approved the sale of the
Debtor's assets to Kruger Foods, Inc., One PacificCoast Bank,
Washington Federal and Columbia State Bank.

Red to Black Advisors, LLC, conducted an auction process.

                         About Cascade AG

Cascade AG Services, Inc., dba Pleasant Valley Farms, fdba
Mountain View Produce, Inc., fdba Staffanson Harvesting LLC, fdba
Sterling Investment Group, L.L.C., is a vegetable processing
company that processes Washington-grown cucumbers and cabbage into
pickles and sauerkraut.

Cascade AG filed for Chapter 11 bankruptcy (Bankr. W.D. Wash. Case
No. 12-18366) on Aug. 13, 2012.  In amended schedules, the Debtor
disclosed $25,522,648 in assets and $21,354,742 in liabilities as
of the Chapter 11 filing.

Lawyers at Cairncross & Hempelmann PS, in Seattle, serve as the
Debtor's counsel.  Clyde A. Hamstreet & Associates, LLC, is the
Debtor's chief restructuring officer and financial advisor.  The
petition was signed by Craig Staffanson, president.

The U.S. Trustee appointed seven creditors to the Official
Unsecured Creditors' Committee.  Lawrence R. Ream, Esq., at
Schwabe, Williamson & Wyatt PC, Seattle, represents the Committee
as counsel.

DIP lender One PacificCoast Bank, FSB, is represented by Brad T.
Summers, Esq., and David W. Criswell, Esq.

The Plan filed in the Debtor's case contemplates a $3.0 million
capital infusion.  Money contributed to fund the Plan will be used
to satisfy Administrative Expense Claims to the extent that those
Claims must be satisfied for Confirmation, unless there is
agreement with Holders of Administrative Expense Claims to defer
payment.


CASCADE AG: Parties Say Case Dismissal Is Not "Best Interest"
-------------------------------------------------------------
One PacificCoast Bank, secured creditor and debtor-in-possession
lender in the Chapter 11 case of Cascade AG Services, Inc., asks
the Bankruptcy Court to deny the U.S. Trustee's motion to convert
or dismiss the Debtor's case.

OPCB joins the objection of Columbia State Bank.

OPCB states that dismissal or conversion of the case would undo
the rights, privileges and benefits conferred under the sale order
dated Sept. 9, 2013, and is an improper and impermissible
collateral attack on the order.  Also, it may be that once the
sale and implementation process is complete, a conversion to
Chapter 7 or dismissal will be appropriate.

In a separate filing, John R. Rizzardi, Esq., at Cairncross &
Hempelmann, P.S., the Debtor's counsel and an administrative
claimant in the case, and Katriana Samiljan, Esq., at Bush Strout
& Kornfeld LLP, on behalf of Red to Black Advisors, LLC, the
court-appointed sales agent, joined in Columbia State Bank's
response to the U.S. Trustee's motion to convert or dismiss the
case.

According to the parties, conversion or dismissal is not in the
best interests of the creditors of the estate, particularly where
the Court has already appointed a liquidating agent to assume sole
custody and control over all of the Debtor's assets, and to use
its best efforts to receive, collect, manage, supervise, preserve,
and protect those assets.

                       Case Dismissal Motion

In seeking dismissal or conversion of the case, the U.S. Trustee
argues that:

   1. the Debtor has not filed a plan and disclosure statement
      and has no ability to reorganize; and

   2. the Debtor has not paid statutory quarterly fees due to
      the U.S. Trustee for the second quarter of 2013, estimated
      at $10,400.

                         About Cascade AG

Cascade AG Services, Inc., dba Pleasant Valley Farms, fdba
Mountain View Produce, Inc., fdba Staffanson Harvesting LLC, fdba
Sterling Investment Group, L.L.C., is a vegetable processing
company that processes Washington-grown cucumbers and cabbage into
pickles and sauerkraut.

Cascade AG filed for Chapter 11 bankruptcy (Bankr. W.D. Wash. Case
No. 12-18366) on Aug. 13, 2012.  In amended schedules, the Debtor
disclosed $25,522,648 in assets and $21,354,742 in liabilities as
of the Chapter 11 filing.

Lawyers at Cairncross & Hempelmann PS, in Seattle, serve as the
Debtor's counsel.  Clyde A. Hamstreet & Associates, LLC, is the
Debtor's chief restructuring officer and financial advisor.  The
petition was signed by Craig Staffanson, president.

The U.S. Trustee appointed seven creditors to the Official
Unsecured Creditors' Committee.  Lawrence R. Ream, Esq., at
Schwabe, Williamson & Wyatt PC, Seattle, represents the Committee
as counsel.

DIP lender One PacificCoast Bank, FSB, is represented by Brad T.
Summers, Esq., and David W. Criswell, Esq.

The Plan filed in the Debtor's case contemplates a $3.0 million
capital infusion.  Money contributed to fund the Plan will be used
to satisfy Administrative Expense Claims to the extent that those
Claims must be satisfied for Confirmation, unless there is
agreement with Holders of Administrative Expense Claims to defer
payment.


CASCADE AG: Ryan Swanson Okayed as Liquidating Trustee's Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
authorized the Pivotal Solutions, Inc., as Liquidating Agent for
Cascade Ag Services, Inc., to employ Daniel M. Caine, Esq. and
Richard J. Hyatt, Esq., and the firm of Ryan Swanson & Cleveland,
PLLC as its counsel.

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

                         About Cascade AG

Cascade AG Services, Inc., dba Pleasant Valley Farms, fdba
Mountain View Produce, Inc., fdba Staffanson Harvesting LLC, fdba
Sterling Investment Group, L.L.C., is a vegetable processing
company that processes Washington-grown cucumbers and cabbage into
pickles and sauerkraut.

Cascade AG filed for Chapter 11 bankruptcy (Bankr. W.D. Wash. Case
No. 12-18366) on Aug. 13, 2012.  In amended schedules, the Debtor
disclosed $25,522,648 in assets and $21,354,742 in liabilities as
of the Chapter 11 filing.

Lawyers at Cairncross & Hempelmann PS, in Seattle, serve as the
Debtor's counsel.  Clyde A. Hamstreet & Associates, LLC, is the
Debtor's chief restructuring officer and financial advisor.  The
petition was signed by Craig Staffanson, president.

The U.S. Trustee appointed seven creditors to the Official
Unsecured Creditors' Committee.  Lawrence R. Ream, Esq., at
Schwabe, Williamson & Wyatt PC, Seattle, represents the Committee
as counsel.

DIP lender One PacificCoast Bank, FSB, is represented by Brad T.
Summers, Esq., and David W. Criswell, Esq.

The Plan filed in the Debtor's case contemplates a $3.0 million
capital infusion.  Money contributed to fund the Plan will be used
to satisfy Administrative Expense Claims to the extent that those
Claims must be satisfied for Confirmation, unless there is
agreement with Holders of Administrative Expense Claims to defer
payment.


CENGAGE LEARNING: Tries to Keep $274M Fund Out of JPMorgan's Hands
------------------------------------------------------------------
Law360 reported that a $273.9 million money market fund held by
bankrupt textbook publisher Cengage Learning Inc. is not included
in the company's collateral package with JPMorgan Chase Bank NA
and a lien therefore does not exist, Cengage told a New York
bankruptcy court on Sept. 20.

According to the report, the Federated Fund, which invests in
treasury securities and is publicly traded on the Nasdaq, is not a
wholly-owned subsidiary of the publisher and, because of that, was
not included in security agreements with any creditors, Cengage
argued.

                    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.


CENTRAL COVENTRY: Court Urges Union Negotiations
------------------------------------------------
Andy Smith at Providence Journal reports that in a court hearing,
Superior Court Judge Brian P. Stern said meaningful negotiations
between the Central Coventry, Rhode Island firefighters unions and
a recently-elected board of directors are necessary if a realistic
new budget proposal can be reached for the financially troubled
district.

According to the report, the district has been in receivership, a
form of bankruptcy, since October, 2012.  The report relates that
the board is scheduled to present a new budget to Central Coventry
voters on Oct. 21.  According to a status report submitted by the
board, there have been two brief meetings with the union, but no
substantive negotiations, Providence Journal notes.

"There needs to be more than a couple of short meetings," the
report quoted Mr. Stern as saying.  Providence Journal relays that
Mr. Stern offered to have the court appoint a mediator if the two
sides needed one.

Providence Journal discloses that both sides said Sept. 24 they
are willing to talk, although they acknowledged time is short.


CHATSWORTH PGA: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Chatsworth PGA Properties, LLC
        347 Hiatt Drive
        Palm Beach Gardens, FL 33418

Bankruptcy Case No.: 13-12457

Affiliates that simultaneously filed for Chapter 11:

        Debtor                     Case No.
        ------                     --------
Chatsworth at PGA National, LLC    13-12458
Devonshire at PGA National, LLC    13-12459
Devonshire PGA Holdings, LLC       13-12460

Chapter 11 Petition Date: September 19, 2013

Court: U.S. Bankruptcy Court
       District of Delaware (Delaware)

Judge: Christopher S. Sontchi

Debtors' Counsel: M. Blake Cleary, Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                  1000 North King Street
                  Wilmington, DE 19801
                  Tel: (302) 571-6600
                  Fax: (302) 571-1253
                  E-mail: bankfilings@ycst.com

Debtors'
Financial
Advisor:          ALVAREZ & MARSAL HEALTHCARE INDUSTRY GROUP, LLC

Chatsworth PGA's
Estimated Assets: $10,000,001 to $50,000,000

Chatsworth PGA's
Estimated Debts: $100,000,001 to $500,000,000

The Debtors' list of their largest unsecured creditors filed with
the petition does not contain any entries.

The petition was signed by Paul Rundell, chief restructuring
officer.


CHRYSLER GROUP: Moves, Reluctantly, Toward IPO
----------------------------------------------
Christina Rogers and Sharon Terlep, writing for The Wall Street
Journal, reported that Chrysler Group LLC is gearing up for an
initial public offering, but listing shares is just one avenue --
and the least preferred -- that Chief Executive Sergio Marchionne
could take as he tries to meld the No. 3 U.S. auto maker with
Italy's Fiat SpA.

According to the report, Mr. Marchionne, who is also CEO of Fiat,
is lining up advisers, including former Obama administration auto
czar Ron Bloom, to help reach a private buyout agreement with
Chrysler's sole minority shareholder, a health-care trust
affiliated with the United Auto Workers union, or be prepared to
take Chrysler public.

The trust is demanding an IPO as part of a game of brinkmanship to
set a price on the trust's 41.5% stake in Chrysler, the report
related.  A filing could come by month's end even though Mr.
Marchionne has said repeatedly that he hopes to avoid an IPO. But
his hand is being forced by the trust, which has the right to
demand a sale.

Chrysler declined to comment on Sept. 20, the report said.

Among the possible scenarios: The IPO is cut short because the
company and the trust agree to a price or the share sale is
completed, putting some Chrysler shares in the hands of hedge
funds and other investors, the WSJ report pointed out.

                       About Chrysler Group

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  The U.S. and Canadian governments provided
Chrysler LLC with $4.5 billion to finance its bankruptcy case.

In connection with the bankruptcy filing, Chrysler reached an
agreement to sell all assets to an alliance between Chrysler and
Italian automobile manufacturer Fiat.  Under the terms approved by
the Bankruptcy Court, the company formerly known as Chrysler LLC
in June 2009, formally sold substantially all of its assets to the
new company, named Chrysler Group LLC.

                           *     *     *

Chrysler has a 'B1' corporate family rating from Moody's.  Moody's
upgraded the rating from 'B2' to 'B1' in February 2013.  In May
2013, Standard & Poor's Ratings Services affirmed its ratings,
including the 'B+' corporate credit rating, on Chrysler Group.  At
the same time, S&P revised its outlook to positive from stable.


CHRYSLER GROUP: Feud Triggers IPO Filing
----------------------------------------
Christina Rogers, writing for The Wall Street Journal, reported
that Chrysler Group LLC on Sept. 23 filed for an initial public
offering, a move forced by the failure of the auto maker's Italian
majority owner and its main union to agree on the company's value.

According to the report, Fiat SpA, which owns 58.5% of Chrysler,
doesn't want a share sale and is eager to own the company
outright. But the United Auto Workers union health trust, holder
of a 41.5% stake in the No. 3 Detroit auto maker, has demanded
that its shares be offered to the public after negotiations to
sell them to Fiat stalled.

In its filing, Chrysler warned that if Fiat can't get control, the
Italian auto maker could turn its back on Chrysler, unwinding a
deal that was a centerpiece of the Obama administration's 2009
auto industry rescue, the report related.

Analysts and others familiar with the situation say Fiat will
likely now redouble efforts to reach a private deal with the UAW,
the report said.

An IPO would follow General Motors Co.'s record-breaking offering
in November 2010, which at $23.1 billion was the world's largest
at the time, the report noted.  Analysts estimate Chrysler could
be worth between $10 billion and $11 billion, depending upon
market conditions.

                       About Chrysler Group

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  The U.S. and Canadian governments provided
Chrysler LLC with $4.5 billion to finance its bankruptcy case.

In connection with the bankruptcy filing, Chrysler reached an
agreement to sell all assets to an alliance between Chrysler and
Italian automobile manufacturer Fiat.  Under the terms approved by
the Bankruptcy Court, the company formerly known as Chrysler LLC
in June 2009, formally sold substantially all of its assets to the
new company, named Chrysler Group LLC.

                           *     *     *

Chrysler has a 'B1' corporate family rating from Moody's.  Moody's
upgraded the rating from 'B2' to 'B1' in February 2013.  In May
2013, Standard & Poor's Ratings Services affirmed its ratings,
including the 'B+' corporate credit rating, on Chrysler Group.  At
the same time, S&P revised its outlook to positive from stable.


COMPREHENSIVE CARE: Appoints New Member to Board of Directors
-------------------------------------------------------------
The Board of Directors of Comprehensive Care Corporation appointed
Ramon Martinez, age 60, to serve as a director of the Company
until such time as his successor may be duly qualified and
elected.

Mr. Martinez is currently president of the Company's subsidiary
CompCare Pharmacy Solutions, Inc., and will continue in that
position.  Prior to joining the Company in April 2013, Mr.
Martinez, a U.S. Air Force Lieutenant Colonel, retired, worked as
a consultant addressing Homeland Security issues, was
president/CEO of Rhode Island's flagship Latino empowerment
agency, Progresso Latino, Inc., held an adjunct professor of
philosophy position at Miami-Dade Community College, served as
Assistant Director of Strategic Planning at the South Florida
Workforce Board, and worked as the Vice President at Genetics &
IVF Institute in Fairfax, Virginia.  Mr. Martinez's military
career spanned 20 years in the regular component of the US Air
Force, including positions like Chief of Latin American Strategy
of US Southern Command and Interim Director of the U.S. Southern
Command Washington Field Office.

Mr. Martinez earned a Master of Arts degree in philosophy from the
University of California at Santa Barbara, a Master's degree in
public administration from the University of Northern Colorado,
and a Bachelor of Arts degree in philosophy and geography from
California State University at Long Beach.

It has not yet been determined whether Mr. Martinez will be
selected to serve on any committees of the Board.  Other than Mr.
Martinez's employment by the Company, there are no related party
transactions between him and the Company.  There is no
understanding between Mr. Martinez and any other person pursuant
to which he was selected as a director.

On Sept. 17, 2013, in consideration of his past service to the
Company and in connection with his appointment as a director, the
Board of Directors granted Mr. Martinez 1,000,000 stock options
from the Company's 2009 Equity Compensation Plan.  The options,
one-half of which vest immediately and one-half 12 months from the
grant date, have a 10 year term, and a $0.25 exercise price.  A
warrant to purchase 1,000,000 shares of the Company's common stock
was also awarded to Mr. Martinez outside of any plan.  The warrant
has a five year term, a $0.25 exercise price, and vests 50 percent
immediately and 50 percent 12 months from the grant date.

On Sept. 8, 2013, Robert J. Landis, chief financial officer and
chief accounting officer of the Company, notified the Company that
he was resigning for personal reasons, effective Sept. 20, 2013.
Mr. Landis has agreed to remain reasonably available to assist
with transition items and subject to his availability, assist the
Company on an as needed basis, without compensation.

                     About Comprehensive Care

Tampa, Fla.-based Comprehensive Care Corporation provides managed
care services in the behavioral health, substance abuse, and
psychotropic pharmacy management fields.

Comprehensive Care disclosed a net loss attributable to common
stockholders of $6.99 million in 2012, as compared with a net loss
attributable to common stockholders of $14.08 million in 2011.

Mayer Hoffman McCann P.C., in Clearwater, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has not generated sufficient cash flows from operations to fund
its working capital requirements.  This raises substantial doubt
about the Company's ability to continue as a going concern.

The Company's balance sheet at March 31, 2013, showed $3.74
million in total assets, $27.85 million in total liabilities and a
$24.10 million total stockholders' deficiency.


CORBIN PARK: Consents to U.S. Trustee's Case Dismissal Request
--------------------------------------------------------------
Corbin Park, L.P., according to a courtroom minute sheet,
consented to the dismissal of its Chapter 11 case.

As reported in the Troubled Company Reporter on Sept. 4, 2013,
Richard A. Wieland, the U.S. Trustee for Region 20, asked the
Bankruptcy Court to enter an order converting the Chapter 11 case
of the Debtor to a case under Chapter 7 or, in the alternative,
dismissing the case.  The U.S. Trustee said the Debtor has failed
to file a monthly operating report for April 2013, May 2013, and
June 2013, thus making it difficult for him to figure out if a
recovery is feasible.  The non-filing of the reports also
precludes the U.S. Trustee from determining if other
administrative expenses are being left unpaid.

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

The. U.S. Trustee is represented by Joseph A. DiPietro, Esq.

                         About Corbin Park

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

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


CSRA ARMOUR: Case Summary & 13 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: CSRA Armour Metals Inc.
        3703 Peach Orchard Rd
        Augusta, GA 30906

Bankruptcy Case No.: 13-11729

Chapter 11 Petition Date: September 19, 2013

Court: United States Bankruptcy Court
       Southern District of Georgia (Augusta)

Debtor's Counsel: James T. Wilson, Jr., Esq.
                  JAMES T. WILSON JR. PC
                  971 Broad St., Floor 1, Ste. E
                  P.O. Box 2112
                  Augusta, GA 30903
                  Tel: (706) 722-4933
                  Fax: (706) 722-0472
                  E-mail: brooke@jtwilsonlaw.com

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

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

A list of the Company?s 13 largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/gasb13-11729.pdf

The petition was signed by Brian C. Patty, president.


DEE ALLEN: Court OKs Chapter 11 Trustee's Disclosure Statement
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Utah entered an
order approving the disclosure statement with respect to the
liquidating plan of reorganization dated Sept. 9, 2013, as
containing adequate information within the meaning of Section 1125
of the Bankruptcy Code.  The Disclosure Statement was filed by Gil
A. Miller, the Chapter 11 Trustee of the consolidated estate
of Dee Allen Randall, et al.

The deadline for persons and entities entitled to submit their
ballots accepting or rejecting the Plan will be on Oct. 23, 2013.
All persons and entities entitled to vote on the Plan should
deliver their ballots by mail, hand delivery or overnight courier
to the Trustee, at:

          RANDALL CHAPTER 11 BANKRUPTCY PLAN
          c/o Sherry Glendening, Ballot Tabulator
          Ray Quinney & Nebeker PC
          36 South State Street, Suite 1400
          Salt Lake City, Utah 84111

Ballots submitted by email or facsimile will not be counted.

                             Plan Terms

In general, the Plan provides for the Trustee's continued
liquidation of the property of the Consolidated Estate.  Upon
Confirmation of the Plan, the Trustee will retain any and all
property of the Consolidated Estate, including but not limited to
Claims and Causes of Action, and the Trustee will administer the
Consolidated Estate in accordance with the Plan for the benefit of
the Consolidated Estate.

The Plan separately classifies different types of Claims and the
Equity Interests in accordance with the Bankruptcy Code.

Classes 1 through 14 consist of all Allowed Secured Claims on the
various real properties of the Consolidated Estate for which there
were net sale proceeds after those properties were sold by the
Trustee.  These Secured Claims are Claims against the Consolidated
Estate to the extent of the value of any interest in the property
of the Consolidated Estate securing that Claim.  Holders of
Allowed Secured Claims will be paid 100 percent of their Claims.

Each holder of an Allowed Priority Unsecured Claim, if any, will
be paid in full on the later of (i) the Effective Date, or (ii)
within five business days of the date that the holder's Priority
Tax Claim is an Allowed Claim.

Class 16 consists of all Non-Investor Trade Creditor Unsecured
Claims.  Those Claims are Claims against the Consolidated Estate
that are not Secured Claims, Victim Claims or Claims that are
entitled to priority of payment under Section 507 of the
Bankruptcy Code.  Class 16(A) consists of the Allowed Unsecured
Claims of Non-Investor Trade Creditors that are equal to or less
than the amount of $50,000.  Class 16(B) consists of the Allowed
Unsecured Claims of Non-Investor Trade Creditors that are greater
than the amount of $50,000.

Class 17 consists of all Allowed Victim Claims scheduled for
$72,060,695.  Those Claims are unsecured, non-priority Claims of
Victims against the Consolidated Estate.  Holders of Class 17 are
impaired under the Plan.

Class 18 consists of all Equity Interests in the Debtors.  Any and
all Equity Interests will be cancelled on the Effective Date, and
holders of Equity Interests will neither receive nor retain any
property under the Plan.

Class 19 consists of the Allowed Secured Claim of Union Central
against all compensation of any kind that is or may become due
from Union Central to Randall or Horizon Financial.  Union Central
has filed Claim No. 745-1 in the amount of $977,101, asserting
repayment obligations owed by Randall and Horizon Financial to
Union Central to repay chargebacks and other advances by
Union Central to Randall or Horizon Financial, and that such
repayment obligations are secured by all compensation of any kind
that is or may become due from Union Central to Randall or Horizon
Financial.  The holder of the Allowed Secured Claim of Union
Central will be paid consistent with the Final Order of the
Bankruptcy Court in the Union Central Adversary Proceedings.

The hearing to consider confirmation of the Plan is scheduled for
Oct. 28, 2013, at 9:00 a.m.

A copy of the Disclosure Statement Order is available at:

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

                      About Dee Allen Randall

Dee Allen Randall in Kaysville, Utah, filed for Chapter 11
bankruptcy (Bankr. D. Utah Case No. 10-37546) on Dec. 20, 2010, to
forestall creditors while he reorganized his finances.  His
companies include Horizon Mortgage & Investment, Horizon Financial
& Insurance Group and Horizon Auto Funding.  Judge Joel T. Marker
presides over the bankruptcy case.  In his petition, Mr. Randall
estimated $10 million to $50 million in assets and $1 million to
$10 million in debts.

Mr. Randall claims he was conducting a "legal Ponzi scheme," but
authorities are investigating him for possible violations of the
law in an operation that took in $65 million from 700 or so
investors.

Gil A. Miller was appointed as Chapter 11 trustee for Mr.
Randall's bankruptcy estate.

On Oct. 12, 2011, Mr. Miller placed Mr. Randall's corporate
entities -- Horizon Auto Funding, LLC, Independent Commercial
Lending LLC, Horizon Financial Center I LLC, Horizon Mortgage and
Investment Inc. and Horizon Financial & Insurance Group Inc. -- in
bankruptcy by filing separate Chapter 11 petitions (Bankr. D. Utah
Case Nos. 11-34826, 11-34830, 11-34831, 11-34833 and 11-34834).

Judge Joel T. Marker presides over the 2010 and 2011 cases.
Michael R. Johnson, Esq., Brent D. Wride, Esq., and David H.
Leigh, Esq., at Ray Quinney & Nebeker P.C., serve as counsel to
the Chapter 11 Trustee.  The cases are substantively consolidated
under Case No. 10-37546.  Reid Collins & Tsai LLP represents the
Chapter 11 Trustee as special litigation counsel.  Fabian &
Clendenin represents the Chapter 11 Trustee as special counsel.


DELL INC: To Work With Alixpartners on Post-LBO Turnaround
----------------------------------------------------------
Serena Saitto and Peter Burrows at Bloomberg News report that Dell
Inc., the computer maker that founder Michael Dell and Silver Lake
Management LLC are taking private for $24.9 billion, is working
with AlixPartners LLP on its turnaround, according to people with
knowledge of the matter.

According to the report, AlixPartners, which advised General
Motors Co. on its restructuring when the automotive giant filed
for Chapter 11 bankruptcy protection in 2009, is counseling Dell
on organizational restructuring and cost cuts, said one of the
people, who asked not to be identified because the information
isn't public.

The report notes that the move highlights how the Round Rock,
Texas-based personal-computer maker is working to reshape itself
after shareholders on Sept. 12 approved the go-private deal.
Chief Executive Officer Dell, 48, faces a tough road ahead --
including job cuts and other actions -- as he takes the company
out of public hands to transform it into a leaner provider of
data-center gear and corporate software.

The report relates that the leveraged buyout itself was mired in
months of wrangling, with opponents including billionaire activist
Carl Icahn arguing that the deal undervalued Dell.  The
shareholder vote was postponed three times, and didn't pass until
Dell and Silver Lake twice sweetened the price, ultimately
boosting it to $13.88 a share from $13.65 a share.  The go-private
deal is scheduled to close by Nov. 1, the end of Dell's fiscal
third quarter.  It needs regulatory approval in China and Brazil,
where the company generates significant revenue.

                          Debt Payments

According to the report, once the deal closes, Dell will have a
debt load of about $18 billion, including a $2 billion loan
provided by Microsoft Corp., up from $6.8 billion in debt before
the LBO, according to data compiled by Bloomberg.  Dell will take
at least three years to repay its debt, assuming it continues to
generate cash flow of $2 billion to $3 billion a year, said a
person familiar with the company's financial situation.

The report notes that the turnaround will have to include cuts of
Dell's workforce of 108,800, to make up for the lack of cost
efficiencies after acquisitions in the past five years, said the
person.  Dell has bought companies including computer-services
company Perot Systems Corp., data-storage company Compellent
Technologies Inc. and software maker SecureWorks Inc.

AlixPartners is aiming to advise Dell on fully capturing the
benefits the acquisitions should have generated, said another
person with knowledge of the matter, according to Bloomberg News.
The person said AlixPartners also plans to help realign Dell with
the company's new strategy focused on enterprise software and
services.

                      Management Challenges

CEO Dell founded the PC maker in 1984 in his college dormitory.
In recent quarters, the company has missed earnings estimates as
the PC market has declined.  Dell's sales this year are expected
to fall to about $57.3 billion, according to the average estimate
of analysts surveyed by Bloomberg, from $62.1 billion two years
ago.  Private-equity firms typically replace the management of the
companies they take private.  Since Silver Lake sponsored Dell's
buyout, it is stuck with the CEO, said Erik Gordon, a professor at
the University of Michigan's Ross School of Business and Michigan
Law School.  "Michael founded the company and grew it but has no
turnaround expertise," Mr. Gordon said in a phone interview.
"They hired an adviser because a turnaround is very different from
growing a company."

                          About Dell Inc.

Headquartered in Round Rock, Texas, Dell Inc. (NASDAQ: DELL) --
http://www.dell.com/-- designs, develops, manufactures, markets,
sells, and provides support for various computer systems and
services to customers worldwide.

                           *     *     *

In September 2013, Moody's Investors Service assigned Ba3
Corporate Family and Ba3-PD Probability of Default ratings to Dell
Inc.  Fitch Ratings has downgraded Dell Inc.'s (Dell) ratings as
follows: Long-term Issuer Default Rating (IDR) to 'BB-' from
'BB+'; and Senior unsecured debt to 'B+' from 'BB+'.  Standard &
Poor's Ratings Services lowered the corporate credit rating on
Dell Inc. to 'BB-' from 'BBB', and the commercial paper rating to
'B' from 'A-2'.  S&P removed all ratings from CreditWatch, where
it had placed them with negative implications on Feb. 5, 2013.
The outlook is stable.
Chrisppata


DETROIT, MI: Is Now a Charity Case for Carmakers
------------------------------------------------
Bill Vlasic, writing for The New York Times, reported that four
years after the recession and a government bailout, Detroit's
hometown automakers are riding high on strong sales and big
profits.  But while the fortunes of General Motors, Ford and
Chrysler have turned starkly, the city of Detroit is in shambles.

According to the report, perhaps nowhere in America does the view
from the corner office differ so vividly from the city streets,
where abandoned homes and deserted factories are a daily reminder
of Detroit's descent into the largest municipal bankruptcy in the
nation's history.

It is a striking juxtaposition of corporate wealth and success in
a city that cannot provide adequate police protection or keep the
streetlights on, the report noted.  And while the car companies
have donated millions to the city and community groups to ease
their financial pain, city officials and industry executives
realize that the Big Three can no longer provide what Detroit
really needs: more good-paying jobs.

The gulf between rich and poor was underscored last year when Ford
executives presented city leaders with a $10 million check to
revive an empty community center in a struggling neighborhood in
southwest Detroit, the report said.

In a city running a budget deficit of about $1 million a day,
Ford's gift was a windfall that would pay for a food bank, arts
and dance classes, bilingual services and education programs, the
report further related.  But the corporate check was little more
than financial Band-Aid in a neighborhood that has never been the
same since G.M. closed two major factories in the 1980s that
employed more than 10,000 workers.

                      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.


DEVONSHIRE PGA: Can Use Cash Collateral to Fund Ch. 11
------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge gave an interim
nod on Sept. 23 to a collection of first-day requests from the
company that owns a retirement community and assisted living
facility within Florida's PGA National Resort and Spa, including
the ability to fund the Chapter 11 reorganization with cash
collateral.

According to the report, Devonshire PGA Holdings LLC said it was
hoping to have only a quick stay in bankruptcy as it looks to
restructure its more than $160 million in debt.

Operators of assisted living facilities sought Chapter 11
bankruptcy in U.S. Bankruptcy Court in Wilmington, Delaware on
Sept. 19, 2013.

Chatsworth PGA Properties LLC (Bankr. D. Del. Case No. 13-12457)
has estimated liabilities of between $100 million and $500
million, and assets of up to $10 million.  Chatsworth PGA
Properties provides assisted living services for the elderly.  It
also offers nursing and dementia care.

Devonshire PGA Holdings LLC (Case No. 13-12460), the owner of an
assisted-living facility in Florida, and based in Palm Beach
Gardens, estimated under $50,000 in assets and up to $50 million
in debts.  Another entity, Devonshire at PGA National LLC,
estimated more than $100 million in both assets and debt.


DIALOGIC INC: Appoints EVP Finance and Chief Financial Officer
--------------------------------------------------------------
Robert M. Dennerlein was appointed by the Board of Directors of
Dialogic Inc. to serve as the Company's executive vice president,
finance, and chief financial officer, effective Sept. 23, 2013.
In this role, Mr. Dennerlein will serve as the Company's principal
financial officer.

Mr. Dennerlein, age 53, served as chief financial officer for
Raritan, Inc., a provider of data center solutions for controlling
and monitoring IT infrastructure and energy management from
January 2006 until July 2013.  From May 2003 until January 2006,
Mr. Dennerlein served as chief financial officer for Globix, Inc,
a provider of managed application services, IP infrastructure
management and optical networking solutions and, from January 2003
to May 2003, as vice president and controller.

Mr. Dennerlein is a Certified Public Accountant and received a
Masters in International Business degree from Seton Hall
University.  He also holds a Bachelor of Science in Accounting
from Seton Hall University.

On Sept. 17, 2013, the Company entered into an offer letter with
Mr. Dennerlein.  Under the terms of the Offer Letter, Mr.
Dennerlein is entitled to an annual base salary of $300,000, less
applicable deductions and withholdings, and is eligible to receive
an annual performance-based incentive bonus with a target equal to
50 percent of his annual salary at the discretion of the Board,
based on the achievement of performance objectives as determined
by the Board and the chief executive officer.

A copy of the Offer Letter is available for free at:

                         http://is.gd/vIUfIv

                           About Dialogic

Milpitas, Cal.-based Dialogic Inc. provides communications
platforms and technology that enable developers and service
providers to build and deploy innovative applications without
concern for the complexities of the communication medium or
network.

The Company's balance sheet at June 30, 2013, showed $107.50
million in total assets, $137.71 million in total liabilities and
a $30.20 million total stockholders' deficit.

                        Bankruptcy Warning

"If future covenant or other defaults occur under the Term Loan
Agreement or under the Revolving Credit Agreement (the "Revolving
Credit Agreement") with Wells Fargo Foothill Canada ULC (the
"Revolving Credit Lender"), the Company does not anticipate having
sufficient cash and cash equivalents to repay the debt under these
agreements should it be accelerated and would be forced to
restructure these agreements and/or seek alternative sources of
financing.  There can be no assurances that restructuring of the
debt or alternative financing will be available on acceptable
terms or at all.  In the event of an acceleration of the Company's
obligations under the Revolving Credit Agreement or Term Loan
Agreement and the Company's failure to pay the amounts that would
then become due, the Revolving Credit Lender and Term Loan Lenders
could seek to foreclose on the Company's assets, as a result of
which the Company would likely need to seek protection under the
provisions of the U.S. Bankruptcy Code and/or its affiliates might
be required to seek protection under the provisions of applicable
bankruptcy codes," according to the Company's annual report for
the period ended Dec. 31, 2012.


DIGITAL ANGEL: Amends VeriTeQ Acquisition Current Report with SEC
-----------------------------------------------------------------
Digital Angel Corporation previously filed a current report on
Form 8-K with the U.S. Securities and Exchange Commission to
report the completion of its acquisition of VeriTeQ Acquisition
Corporation on July 8, 2013.  In that report, the Company
indicated that it would file the required financial information by
amendment.

On Sept. 23, 2013, the Company filed an amended Current Report on
Form 8-K/A which amends Items 9.01(a) and 9.01(b) of the Initial
Report to provide the required financial information.

Audited consolidated financial statements of VeriTeQ Acquisition
Corporation for the period Dec. 14, 2011 (Inception) to Dec. 31,
2011, and the year ended Dec. 31, 2012, and the notes thereto are
available for free at http://is.gd/mlTUDt

Unaudited condensed consolidated financial statements of VeriTeQ
Acquisition Corporation for the six-months ended June 30, 2013,
and 2012, and the notes thereto are available for free at:

                        http://is.gd/vEPdYC

Unaudited pro forma financial information is available at:

                        http://is.gd/aiX2WR

                        About Digital Angel

Delray Beach, Florida-based Digital Angel Corporation's operations
now consist primarily of the VeriTeQ Acquisition Corporation.
VeriTeQ is engaged in the business of radio frequency
identification, technologies for implantable medical device
identification and dosimeter technologies for use in radiation
therapy treatment.  On May 3, 2013, the Company sold its mobile
game business to MGT Capital Investments, Inc., and has accounted
for its mobile games division as discontinued operations.

The Company's balance sheet at June 30, 2013, showed $1.52 million
in total assets, $3.51 million in total liabilities, and a
stockholders' deficit of $1.99 million.


E.C.J. INVESTMENTS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: E.C.J. Investments, Inc.
        1602 Alton Road, Suite 429
        Miami Beach, FL 33139

Bankruptcy Case No.: 13-32120

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Laurel M. Isicoff

Debtor's Counsel: Lenard H. Gorman, Esq.
                  Lenard H. Gorman P.A.
                  9100 S Dadeland Blvd, Suite 1800
                  Miami, FL 33156
                  Tel: (305) 670-0876
                  Fax: (305) 670-0347
                  E-mail: lenard@gormanpa.com

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

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

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Haim Yeffet, president.


EASTMAN KODAK: Board Elects James V. Continenza as Chairman
-----------------------------------------------------------
Eastman Kodak Company's Board of Directors has elected James V.
Continenza Chairman of the Board, effective immediately.
Mr. Continenza has been a Kodak director since April 2013.
Antonio M. Perez, Chief Executive Officer of Kodak, remains a
member of the Board of Directors.

"Kodak is a company poised for growth. I look forward to providing
leadership as the company realizes its potential as a technology
company focused on the packaging, graphic communications, and
functional printing markets," said Mr. Continenza.

"Jim has played a leadership role in helping newly restructured
companies drive innovation and growth," said Mr. Perez.  "Jim
shares a deep commitment to fostering the success of our customers
in both our emerging and established businesses.  I look forward
to working with Jim and the entire Board in anticipating and
meeting our customers' needs with breakthrough products and
services."

Mr. Continenza, 51, also serves on the board of Tembec Corp., a
publicly traded company.  He currently serves on boards in the
following industries: packaging, media/digital advertising,
biofuels and network telecommunications.  Previously, he was a
director for Hawkeye Renewables, Anchor Glass Container Corp.,
Rath-Gibson, Inc., Rural Cellular Corp., U.S. Mobility Inc., Maxim
Crane Works, Inc., Arch Wireless Inc. and Microcell
Telecommunications Inc.

                        About Eastman Kodak

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

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

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

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

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

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

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

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

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

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

U.S. Bankruptcy Judge Allan Gropper confirmed the plan on August
20, 2013.  Kodak and its affiliated debtors officially emerged
from bankruptcy protection on Sept. 3, 2013.

Mark S. Burgess, Matt Doheny, John A. Janitz, George Karfunkel,
Jason New and Derek Smith became members of Kodak's new board of
directors as of Sept. 3, 2013.  Existing directors James V.
Continenza, William G. Parrett and Antonio M. Perez will continue
their service as members of the new board.


ECOMETALS LIMITED: Closes Convertible Debenture Financing
---------------------------------------------------------
Ecometals Limited on Sept. 25 disclosed that on September 23, 2013
it completed a previously announced private placement of
convertible debentures consisting of 150 units of securities of
the Company at a price of US$1,000 per Unit for proceeds of
US$150,000.

Each Unit comprises a convertible unsecured debenture of the
Company in the principal amount of US$1,000, convertible at the
option of the holder at anytime up to and including September 23,
2014 for 20,000 common shares of the Company, being a conversion
price of $0.05 per share.  The remainder of the Unit consists of
20,000 common share purchase warrants, with each Warrant entitling
the holder thereof to acquire one Common Share at a price of $0.05
until September 23, 2014.  All securities issued in the Offering
are subject to a hold period expiring on January 24, 2014.

As previously announced the proceeds will be used for completion
of the Company's audit for the year ended March 31, 2013, working
capital purposes and to maintain the Company's existing
operations, activities and assets.

In addition to the closing of the above private placement the
Company is providing a bi-weekly Default Status Report in
accordance with National Policy 12-203 - Cease Trade Orders for
Continuous Disclosure Defaults.  On July 26, 2013, the Company
announced that, for the reasons disclosed in the Default Notice,
there would be a delay in the filing of its audited financial
statements for the year ended March 31, 2013 and its related
Management's Discussion and Analysis and Chief Executive Officer
and Chief Financial Officer certifications for the year ended
March 31, 2013 beyond the 120 day period prescribed for the filing
of such documents.

As a result of this delay in filing, on July 29, 2013, the British
Columbia Securities Commission, the principal regulator of the
Company, issued a management cease trade order, which imposed
restrictions on all trading in securities of the Company by the
Chief Executive Officer, the Chief Financial Officer and all the
directors of the Company until the Company files the Required
Filings and the BCSC makes an order revoking the MCTO.  All other
parties are permitted to freely trade the Company's securities.

Further to its press release of September 10, 2013, the Company
continues to work towards bringing its manganese project at Serra
do Navio into production with a targeted first shipment of
manganese mineralized material in early October 2013.  The Company
is making encouraging headway in this regard and hopes to provide
further updates on the first shipment and subsequent sale of this
material shortly.

Work on the Company's audit is ongoing and the Company will
provide a definitive date for completion in due course.

Until the Required Filings and, as notified in its press release
of August 27, 2013, the Company's June 30, 2013 interim filing are
filed, the Company intends to continue to satisfy the provisions
of the Alternative Information Guidelines specified in Section 4.4
of NP 12-203 by issuing bi-weekly Default Status Reports, each of
which will be issued in the form of a news release.  The Company
intends to file, if required, its next Default Status Report by
October 8, 2013.

Other than as previously disclosed there is no other material
information concerning the affairs of the Company that has not
been generally disclosed.

                         About Ecometals

Ecometals Limited is a Canadian-listed mineral exploration and
development company focused on mineral resources in Latin America.
Apart from its interests in manganese, Ecometals also has gold
exploration activities in Ecuador.


ENERGY FUTURE: Negotiates with Creditors on Prepackaged Bankruptcy
------------------------------------------------------------------
Mike Spector and Emily Glazer, writing for The Wall Street
Journal, reported that Energy Future Holdings Corp. creditors on
Sept. 20 signed confidentiality agreements to review nonpublic
financial information from the Texas power producer, a crucial
step toward what is expected to be one of the biggest bankruptcy
filings ever, said people close to the discussions.

According to the report, the Dallas-based utility, formerly called
TXU Corp., hosted two groups of creditors during a roughly two-
hour morning meeting at the New York offices of Kirkland & Ellis
LLP, the company's restructuring lawyers, the people said. Before
the summit, the private-equity and hedge-fund creditors signed
confidentiality agreements that bar them from trading company debt
until Sept. 30, though that could be extended, some of the people
said.

The meeting represents the start of a campaign to strike a complex
deal that would satisfy Energy Future's various creditor groups
and pare back its unwieldy debt load, the report related.  Energy
Future, whose tangled web of businesses carries more than $40
billion in debt, is trying to reach a prepackaged bankruptcy deal
with creditors before the end of the year that would enable it to
avoid a prolonged Chapter 11 reorganization.

KKR & Co., TPG and Goldman Sachs Group Inc.'s private-equity arm
bought TXU for $32 billion and about $13 billion in assumed debt
in 2007, in the largest-ever private-equity deal, which
represented a bet that natural-gas prices would rise, the report
added.  Instead, prices fell sharply and the company racked up
billions of dollars in losses. The firms have written down the
value of their investment in the company, originally around $8
billion, to nearly zero.

The first of the two groups consists of senior creditors owed
about $25 billion at Texas Competitive Electric Holdings, an
unregulated subsidiary that sells power in a competitive wholesale
market.

          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."


ENERGY XXI: S&P Assigns 'B+' Rating to $500MM Sr. Unsecured Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
issue-level rating to Energy XXI Gulf Coast Inc.'s $500 million
7.5% senior unsecured notes due December 2021, with a recovery
rating of '4'.  At the same time, S&P has revised its recovery
rating on the company's senior unsecured debt to '4' from '3'.
Energy XXI Gulf Coast Inc. is a subsidiary of Energy XXI (Bermuda)
Ltd.  The '4' recovery rating reflects S&P's expectation that
creditors would receive average (30% to 50%) recovery in the event
of a payment default.  The issue-level rating on Energy XXI's
existing unsecured debt remains 'B+', the same as the corporate
credit rating.  Energy XXI plans to use the proceeds from the note
issuance to repay existing debt outstanding under its revolving
credit facility.

S&P's 'B+' corporate credit rating and stable outlook on Energy
XXI (Bermuda) Ltd. are also unchanged.  The lower recovery
expectation on Energy XXI's existing notes reflects S&P's
expectation for weaker recovery prospects for unsecured
noteholders following the incremental debt issuance.  In addition,
S&P expects the company will seek to increase the size of its
borrowing base.  S&P estimates the new size will range between
$1.1 billion and $1.15 billion and have incorporated this into its
analysis.

Ratings List

Energy XXI (Bermuda) Ltd.
Corporate Credit Rating                    B+/Stable/--

                                            TO           FROM
Ratings Affirmed; Recovery Rating Revised
Energy XXI Gulf Coast Inc.
Unsecured Debt                             B+           B+
  Recovery Rating                           4            3

New Rating
Energy XXI Gulf Coast Inc.
$500 mil sr unsecd notes due 2021          B+
  Recovery Rating                           4


ENERGY XXI: Fitch Rates New $500MM Unsecured Notes at 'B+'
----------------------------------------------------------
Fitch Ratings has assigned a 'B+/RR4' to Energy XXI Gulf Coast's
issuance of $500 million in 7.5% senior unsecured notes. The notes
are pari passu with EXXI's other senior unsecured obligations and
will be jointly and severally guaranteed by the company's existing
subsidiaries, certain future material restricted subsidiaries, and
EXXI Bermuda. Net proceeds from the issuance will be used to repay
debt outstanding on the company's secured revolver. Fitch
currently rates EXXI as follows:

Energy XXI (Bermuda)
-- Issuer Default Rating (IDR) 'B+';
-- Convertible perpetual preferred 'B-'/RR6.

Energy XXI Gulf Coast (Delaware)
-- IDR 'B+';
-- Senior secured revolver 'BB+'/RR1;
-- Senior unsecured notes 'B+/RR4.

All rated debt is issued at the Energy XXI Gulf Coast subsidiary
level, with the exception of the convertible perpetual preferreds,
which are issued by Energy XXI Bermuda.

Key Ratings Drivers

Energy XXI's ratings are supported by the company's increased size
and scale following property acquisitions and a robust organic
drilling program; high exposure to liquids, composed mostly of
higher-value black oil linked to waterborne grade pricing;
historically strong production economics and cash generation;
balanced acquisition funding; operator status on a majority of its
properties (94%); and the short-term cash flow protections of its
hedging position. The large increase in the company's proven
reserves at June 30, 2013 has also resulted in improved debt/boe
metrics despite higher absolute debt levels. Ratings issues for
bondholders include the company's status as a small offshore GoM
producer; lack of basin diversification; recent increases in
leverage; flat 2013 production; significantly negative 2013 free
cash flow (FCF); and exposure to the riskier ultra-deep shelf
exploration program.

Increase In 2013 Reserves

EXXI reported a large (50%) increase in audited proven (1p)
reserves at June 30, 2013, resulting in a 2013 reserve replacement
ratio of 393% on an organic basis, and 475% on an all-in basis, as
calculated by Fitch. Total 1p reserves climbed to 179 million boe
from 119 million boe the year prior, comprised primarily of
extensions and discoveries (62 million boe), and to a lesser
degree acquisitions (13 million boe). A significant driver of the
increase was the company's horizontal drilling program in the GoM,
which consists of short laterals (<1000 feet) drilled in EXXI's
mature offshore properties. Fitch would note that there is a
sizable backlog of such drilling opportunities across EXXI's
portfolio.

Higher Debt But Reasonable Financial Metrics

As calculated by Fitch, EXXI's debt with equity credit (which
includes a 50% weighting for the company's preferreds) rose to
$1.49 billion at June 30, 2013, versus $1.14 billion at June 30,
2012. The increased borrowings funded higher capex and dividends,
as well as net acquisitions of $161 million. Latest 12 months
(LTM) FCF at June 30, 2013 was -$215.5 million, comprised of cash
flow from operations of $626.7 million minus capex of $816.1
million and dividends of $26 million. Fitch anticipates the
company will be approximately FCF neutral in 2014 as capex is set
to drop to $660 million. Fitch believes the company has reasonable
capex flexibility within that number.

As a result of debt increases, EXXI's debt/EBITDA rose to 1.94x
from 1.28x at June 30, 2012, while EBITDA/interest coverage
declined to 7.1x from 8.2x. Both metrics remain robust for the
rating category. While EXXI's leverage rose, on a debt/boe basis,
the large jump in 2013 reserves more than offset the increase in
debt. EXXI's debt/boe 1p at June 30, 2013 declined to $8.36/boe
versus debt/1p from $9.54/boe at year-end (YE) 2012. Debt/boe PD
declined to $13.64/boe from $13.97/boe at YE 2012. Debt/flowing
barrel rose to $34,690/barrel from $25,880/barrel due to the
company's flat 2013 production. Looking forward, Fitch anticipates
that any additional near-term improvements in credit ratios are
likely to come through EBITDA growth and reserve additions rather
than through significant additional debt reductions.

Limited Ultra Deep Shelf Commitment

It is important to note that the company's 2013 reserve and
production figures exclude the impacts of the ultra-deep shelf
program, which Fitch anticipates should begin to be booked despite
ongoing delays at the Davy Jones #1 well. EXXI has participated in
eight ultra-deep shelf wells to date with participation levels of
9% - 20%. The company seeks to limit its total exposure to these
projects to less than 10% of expected cash flow in any one year,
and EXXI's strategy has been to fund this higher risk exploration
drilling with lower risk drilling prospects across the rest of its
portfolio. Total investments at June 30, 2013 were limited and
included Davy Jones #1 and #2 ($147 million), Blackbeard East ($51
million), Lafitte ($40 million), Blackbeard West #1 and #2 ($57
million), Lineham Creek ($17 million), and Lomond North ($21
million).

Liquidity

EXXI's liquidity was adequate at June 30, 2013, and included
availability on its main revolver of approximately $286 million
after borrowings of $339 million and LoCs of $225 million. The
revolver, which expires in April 2018, is secured by a borrowing
base linked to at least 85% of the company's proven properties.
Similar to other borrowing-based revolvers, the base periodically
resizes in line with the underlying value of the collateral.
Revolver commitments are $1.7 billion and the current size of the
borrowing base is $850 million. Fitch anticipates the facility
will be upsized at the next borrowing base redetermination given
the significant increase in proved reserves.

Key revolver covenants include maximum leverage of 3.5x; minimum
interest coverage of 3.0x; and a minimum current ratio of 1.0x, as
well as change of control provisions and restricted payments. The
company had ample headroom on all covenants at June 30, 2013.
Restrictions on dividends from EXXI gulf coast to its Bermuda
parent were recently loosened to include $350 million per year,
subject to liquidity and minimum cumulative consolidated net
income tests. EXXI's other maturities are light, with the no major
bonds maturities due over the next three years.

Recovery Rating

Fitch's Recovery Rating (RR) of '1' on EXXI's secured revolving
credit facility indicates outstanding recovery prospects (91% -
100%) for holders of this debt. The revolver is secured by at
least 85% of the total value of proven reserves of the company and
its subsidiaries. The RR for EXXI's senior unsecured notes of '4'
indicates average recovery prospects (31%-50%) for holders of
these issues.

Other Liabilities

EXXI's other liabilities are manageable. The company's Asset
Retirement Obligation (ARO) dropped to $287.8 million at June 30,
2013 from $301.4 million the year prior. EXXI recently provided a
guarantee to its 20% joint venture M21k for the payment of that
company's ARO ($65 million) and other liabilities ($1.8 million)
in exchange for a $6.3 million payment from M21k. EXXI hedges a
significant portion of its expected output using a range of
instruments--including swaps, collars, 3-way collars, and puts. At
June 30, 2013, the company had no collateral posted with
counterparties and had a net derivative asset of approximately
$60.28 million. Other obligations were limited at June 30, 2013,
and included undiscounted operating lease payments of $16.04
million, and rig commitments of $107.6 million.

Ratings Sensitivities

Positive: Future developments that may lead to positive rating
actions include:

-- Increased size, scale and portfolio diversification,
   accompanied by a trend of continued improvement in debt/boe
   metrics and a managerial commitment to lower debt levels.

Negative: Future developments that could lead to negative rating
action include:

-- A major operational issue such as a well blowout or extensive
   facility damage not covered by existing insurance;

-- A change in philosophy on use of balance sheet, which could
   include debt funded financing of a large acquisition, capex or
   share buybacks; or a sustained collapse in oil prices without
   other adjustments to capex.


EXIDE TECHNOLOGIES: Court Approves Employee Incentive Plan
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an
order on Sept. 17, 2013, approving the Exide Technologies Key
Employee Incentive Plan.

The terms of the KEIP, as approved, included adjustments to the
threshold, target and maximum goals for the EBITDA metric
previously submitted by the Company: a fixed trailing twelve month
EBITDA metric if the determination date occurs on or before
June 30, 2014, and a sliding scale of trailing 12 month EBITDA if
the determination date occurs after June 30, 2014.  Additionally,
the costs of various incentive plans approved by the Bankruptcy
Court, including the KEIP, will be excluded from the EBITDA
targets.  The cash flow targets were also revised as follows: cash
flows will be cumulative cash flows calculated from June 1, 2013
through the end of the month in which the Company emerges from
Chapter 11.

Additionally, a super-maximum goal was added that would provide a
payout at 150 percent of target.

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

                        http://is.gd/tm76r8

                     About Exide Technologies

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

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

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

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

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

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

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


FURNITURE BRANDS: Meeting of Creditors Set for October 17
---------------------------------------------------------
A meeting of creditors in the bankruptcy cases of Furniture Brands
International, Inc., et al., will be held on Oct. 17, 2013, at
10:00 a.m.

The Debtors' representative, as specified in Rule 9001(5) of the
Federal Rules of Bankruptcy Procedure, is required to appear at
the meeting of creditors on the date and at the place set forth
above for the purpose of being examined under oath.  Attendance by
creditors at the meeting is welcomed, but not required.  At the
meeting, creditors may examine the Debtors and transact such other
business as may properly come before the meeting.  The meeting may
be continued or adjourned from time-to-time by notice at the
meeting, without further written notice to the creditors.

The deadline to file a complaint to determine dischargeability of
certain debts is Dec. 16, 2013.

                       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.

The company has an official creditor's committee with seven
members.  The creditors' panel includes the Pension Benefit
Guaranty Corp., Milberg Factors Inc. and five suppliers.


FURNITURE BRANDS: Amends List of Top 30 Unsecured Creditors
-----------------------------------------------------------
Furniture Brands International, Inc., et al., have further amended
the Debtors' consolidated list of creditors holding the 30 largest
unsecured claims, to reflect amounts owed to various parties.

The list has been prepared on a consolidated basis from Debtors'
unaudited books and records, as of Sept. 16, 2013, and does not
include (a) persons who come within the definition of "insider"
set forth in 11 U.S.C. Sec. 101(31), (b) parties holding secured
claims, or (c) "governmental units" as such term is defined in 11
U.S.C. Sec. 101(27).

A copy of the amended list creditors holding the 30 largest
unsecured claims against the Debtor is available at:

      http://bankrupt.com/misc/furniturebrands.doc129-1.pdf

                       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.

The company has an official creditor's committee with seven
members.  The creditors' panel includes the Pension Benefit
Guaranty Corp., Milberg Factors Inc. and five suppliers.


GARDA WORLD: G4S Cash Purchase a Credit Positive, Says Moody's
--------------------------------------------------------------
Moody's Investors Service commented that Garda World Security
Corporation's announced acquisition of G4S Cash Solutions (Canada)
Limited is credit positive but has no impact on the company's B1
corporate family and stable outlook.

Garda World Security Corporation is a global provider of cash
logistics (including armored cars), physical security (including
airport pre-board screening at 27 of Canada's airports) and risk
consulting services (physical security outside of North America).


GEORGIA WILDERNESS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Georgia Wilderness Outfitters, Inc.
        120 N. Main St.
        Sylvania, GA 30467

Bankruptcy Case No.: 13-60518

Chapter 11 Petition Date: September 19, 2013

Court: United States Bankruptcy Court
       Southern District of Georgia (Statesboro)

Debtor's Counsel: James L. Drake, Jr., Esq.
                  JAMES L. DRAKE, JR., P.C.
                  P.O. Box 9945
                  Savannah, GA 31412
                  Tel: (912) 790-1533
                  E-mail: jdrake7@bellsouth.net

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

Scheduled Liabilities: $500,001 to $1,000,000

A list of the Company?s 20 largest unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/gasb13-60518.pdf

The petition was signed by James E. Bennett, owner/CEO.


GREGORY & PARKER: Court Confirms Second Amended Plan
----------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina entered separate orders confirming the Second Amended
Plans of Gregory & Parker-Seaboard, LLC, and Gregory & Parker,
Inc., as orally modified at the confirmation hearing.

The Debtors will pay Georgia Capital's principal balance on loans
totaling $3.9 million, plus interest in an amount to be determined
by the Bankruptcy Court from sales of real property constituting
its collateral within nine months of the Effective Date in full
satisfaction of its claims.

The Debtors will pay allowed general unsecured claims from sale of
all real property after payment of all allowed secured claims; ad
valorem property taxes; assessments; commercial brokers'
commissions; closing costs; all priority claims; all Court
approved Chapter 11 administrative professional fees and expenses;
and quarterly fees.

A copy of the Approved Plan, as modified at the confirmation
hearing, is available for free at:

     http://bankrupt.com/misc/_GREGORY_PlanModified920.pdf

                      About Gregory & Parker

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

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

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

Bankruptcy Judge Stephani W. Humrickhouse presides over the cases.

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

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

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

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


HANLAN MIDGETTE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Hanlan Midgette Scriven, L.P.
        113 Arch Street, 3rd Floor
        Philadelphia, PA 19106

Bankruptcy Case No.: 13-18109

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Bruce I. Fox

Debtor's Counsel: Jason Brett Schwartz, Esq.
                  MESTER & SCHWARTZ, P.C.
                  1333 Race Street
                  Philadelphia, PA 19107
                  Tel: (267) 909-9036 x105
                  E-mail: jschwartz@grossmanfirm.com

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

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

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Keith Scriven, managing member of
general partner.


HESPERIA REDEVELOPMENT: S&P Affirms 'BB+' Rating on 2005A Bonds
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to stable
from negative and affirmed its 'BB+' long-term rating and
underlying rating (SPUR) on Hesperia Redevelopment Agency,
Calif.'s series 2005A tax allocation bonds.

"The outlook revision reflects our view of stabilization in the
project areas' assessed valuation (AV)," said Standard & Poor's
credit analyst Alda Mostofi.

The rating reflects S&P's view of the project areas' moderately
high volatility ratios (base-year to total AV) and maximum annual
debt service coverage of 1.03x for project area No. 2 and 1.14x
for project area No. 1, based on fiscal 2014 tax increment
revenue.

The stable outlook reflects S&P's anticipation that the agency
will likely meet its debt service obligations, primarily through
ongoing tax increment revenue.


HESPERIA REDEVELOPMENT: S&P Affirms 'BB+' Rating on 2005B Bonds
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to stable
from negative and affirmed its 'BB+' long-term rating and
underlying rating (SPUR) on Hesperia Redevelopment Agency,
Calif.'s series 2005B tax allocation bonds.

"The outlook revision reflects our view of the agency's projected
assessed valuation (AV) growth for the following year, though
coverage of maximum annual debt service remains less than 1x,"
said Standard & Poor's credit analyst Alda Mostofi.

The rating reflects S&P's view of the project areas' four years of
AV declines (fiscal years 2009 through 2012), which have decreased
available tax increment revenue and debt service coverage, and
moderately high volatility ratio (base-year to total AV) of about
0.47.

The stable outlook reflects S&P's anticipation that the agency
will likely meet its debt service obligations, primarily through
ongoing tax increment revenue.


HIGHWAY TECHNOLOGIES: Asks Court to Convert Cases to Chapter 7
--------------------------------------------------------------
Highway Technologies, Inc., et al., ask the Bankruptcy Court to
convert their Chapter 11 cases to Chapter 7 of the Bankruptcy
Code.  According to the Debtors, they continue to incur
administrative expenses in their Chapter 11 cases and have
insufficient cash to prosecute a Chapter 11 plan.

Although there are unencumbered funds in the estates and potential
litigation claims, the Debtors determined that the payment of
claims for goods delivered in the 20 day period before a Petition
Date (the 503(b)(9) Claims) from those funds would likely be
maximized in a Chapter 7 case, rather than depleting them by the
administrative costs of soliciting a Chapter 11 plan.  Moreover,
the Debtors maintain, 100 percent consent from the holders of
503(b)(9) Claims and claims asserted by former employees would be
required to confirm a plan.

"The process of obtaining those consents would be time consuming
and costly, and in any event cannot be assured," the Debtors tell
the Court.

In addition, there is no agreement with the prepetition lenders to
use their collateral past Oct. 18, 2013.

The Debtors propose setting Nov. 8, 2013, as the deadline for all
professionals to submit fees and expenses incurred through the
Conversion Effective Date.

After the conversion, the Chapter 7 Trustee will have
approximately $480,000 of unencumbered cash to administer the
Chapter 7 cases.  With those funds, the Chapter 7 Trustee will
first pay the allowed 503(b)(9) Claims and Employee Priority
Claims.  The Debtors believe that the total of those claims will
likely exceed the amount of the funds to satisfy those claims, and
those funds alone will also be insufficient to pay valid general
unsecured claims.  The Debtors, however, believe there could be
distributions to unsecured creditors resulting from recoveries by
the Chapter 7 Trustee from litigation claims but not in the
immediate future.

                     About Highway Technologies

Highway Technologies Inc. and affiliate HTS Acquisition Inc.
sought Chapter 11 protection (Bankr. D. Del. Case Nos. 13-11325 to
13-11326) on May 22, 2013, to conduct an orderly liquidation.

Richard M. Pachuiski, Esq., Debra I. Grassgreen, Esq., Bruce
Grohsgal, Esq., Maria A. Bove, Esq., and John W. Lucas, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as counsel to the
Debtors.  Kurtzman Carson Consultants LLC is the claims and notice
agent.

The prepetition lenders are represented by David M. Hilllman,
Esq., at Schulte Roth & Zabel, in New York.

The Company's balance sheet as of March 31, 2013, showed
$55 million in total assets and $102 million in liabilities.  In
its amended schedules, Highway Technologies disclosed $41,350,616
in assets and $91,780,181 in liabilities.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A.
represents the Official Unsecured Creditors' Committee as counsel.
Gavin/Solmonese LLC serves as its financial advisor.


HIGHWAY TECHNOLOGIES: Looks To Wind Down in Chapter 7
-----------------------------------------------------
Law360 reported that Highway Technologies Inc. asked a Delaware
bankruptcy judge on Sept. 20 to convert its bankruptcy case to a
Chapter 7 proceeding, saying enacting a Chapter 11 plan wouldn't
be feasible for the mostly liquidated traffic safety services and
equipment provider in light of estimated costs.

According to the report, Houston-based Highway Technologies said
that after consulting with lenders and the unsecured creditors
committee, it determined that potential administrative costs and
possible claims from former employees make Chapter 7 the best
vehicle to wind down the company.

                    About Highway Technologies

Highway Technologies Inc. and affiliate HTS Acquisition Inc.
sought Chapter 11 protection (Bankr. D. Del. Case Nos. 13-11325 to
13-11326) on May 22, 2013, to conduct an orderly liquidation.

Richard M. Pachuiski, Esq., Debra I. Grassgreen, Esq., Bruce
Grohsgal, Esq., Maria A. Bove, Esq., and John W. Lucas, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as counsel to the
Debtors.  Kurtzman Carson Consultants LLC is the claims and notice
agent.

The prepetition lenders are represented by David M. Hilllman,
Esq., at Schulte Roth & Zabel, in New York.

The Company's balance sheet as of March 31, 2013, showed
$55 million in total assets and $102 million in liabilities.  In
its amended schedules, Highway Technologies disclosed $41,350,616
in assets and $91,780,181 in liabilities.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A.
represents the Official Unsecured Creditors' Committee as counsel.
Gavin/Solmonese LLC serves as its financial advisor.


HOVBILT INC: Case Summary & 9 Unsecured Creditors
-------------------------------------------------
Debtor: Hovbilt, Inc.
        1 Dag Hammarskjold Blvd.
        Freehold, NJ 07728

Bankruptcy Case No.: 13-30341

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Michael B. Kaplan

Debtor's Counsel: James G. Aaron, Esq.
                  ANSELL GRIMM AND AARON PC
                  1500 Lawrence Avenue CN 7807
                  Ocean, NJ 07712
                  Tel: (732) 922-1000
                  E-mail: jga@ansellgrimm.com

Estimated Assets: $0 to $50,000

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

A copy of the Company's list of its largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/njb13-30341.pdf

The petition was signed by Shant Hovnanian, vice president.


IMPERIAL PETROLEUM: Faces SEC Lawsuit Over Alleged Fraud
--------------------------------------------------------
Imperial Petroleum, Inc., received notice of a civil lawsuit from
the Division of Enforcement of the Securities and Exchange
Commission related to allegations of fraud against the Company,
the Company's wholly-owned subsidiary, E-Biofuels, LLC, and
others.  Individuals named in the civil lawsuit were Jeffrey T.
Wilson, president of the Company and individuals formerly
comprising the management of E-Biofuels, LLC, Craig Ducey, Chad
Ducey, Chris Ducey and Brian Carmichael as well as other
individuals and companies.  The SEC case is U.S. Securities and
Exchange Commission v. Imperial Petroleum Inc. et al, 13-cv-01489,
U.S. District Court, Southern District of Indiana (Indianapolis).

In addition, on Sept. 18, 2013, the Grand Jury handed down
indictments in the previously announced Department of Justice
investigation into the Company and E-Biofuels, LLC, in two actions
filed by the Grand Jury alleging among other things, tax fraud,
wire fraud, mail fraud, obstruction of justice and securities
fraud.  The cases are United States of America vs Craig Ducey,
Chad Ducey, Chris Ducey, Joseph Furando, Evelyn Katirina Pattison
a/k/a Katirina Tracy, E-Biofuels, LLC, Caravan Trading Company,
LLC, Cima Green, LLC Case 1:13-cr-00189-SEB-TAB United States
District Court Southern District of Indiana Indianapolis Division
and United States of America vs Jeffrey Wilson and Craig Ducey
Case No. 1:13-cr-00190-SEB-TAB United States District Court
Southern District of Indiana Indianapolis Division.

As previously reported, on April 4, 2012, the Company's wholly
owned subsidiary, E-Biofuels, LLC, filed for protection from
creditors under Chapter 7 of the U.S. Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of
Indiana.

                     About Imperial Petroleum

Headquartered in Evansville, Ind., Imperial Petroleum Inc.
(OTC BB: IPMN) operates as a diversified energy and mineral mining
company in the United States.  Its oil and natural gas properties
include the Coquille Bay field located in Plaqumines Parish,
Louisiana; the Haynesville field located in Claiborne and Webster
Parishes in north Louisiana; the Bastian Bay field located in
Plaquemines parish, Louisiana; LulingField located in Guadalupe
county, Texas; and the Shrewsbury field in Grayson County and the
Claymour field in Todd County, western Kentucky.

As reported by the TCR on June 24, 2011, the Company anticipates
its current working capital will not be sufficient to meet its
required capital expenditures and that the Company will be
required to either access additional borrowings from its lender or
access outside capital.  Currently the Company projects it will
require non-discretionary capital expenditures of approximately
US$500,000 in the next fiscal year to re-establish and maintain
economic levels of production at Coquille Bay.  Without access to
such capital for non-discretionary projects, the Company's
production may be significantly curtailed or shut in and
jeopardize its leases.

In the auditors' report accompanying the financial statements for
year ended July 31, 2011, Weaver Martin & Samyn, LLC, in Kansas
City Missouri, expressed substantial doubt about the Company's
ability to continue as a going concern.  The independent auditors
noted that the Company has suffered recurring losses from
operations and is dependent upon obtaining debt financing for
funds to meet its cash requirements.

The Company's balance sheet at April 30, 2012, showed $2.08
million in total assets, $11.92 million in total liabilities, all
current, and a $9.83 million total stockholders' deficit.


INFINIA CORP: Section 341(a) Meeting Set on October 10
------------------------------------------------------
A meeting of creditors in the bankruptcy case of Infinia
Corporation will be held on Oct. 10, 2013, at 10:00 a.m. at 405
South Main Street, Suite 250, Salt Lake City, UT.  General
creditors have until Jan. 8, 2014, to submit their proofs of
claim.  For governmental units, the bar date will be on March 17,
2014.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Infinia Corp. and subsidiary Powerplay Solar I LLC, the owners of
a solar generation project in Yuma, Arizona, filed Chapter 11
cases (Bankr. D. Utah Case No. 13-30688) on Sept. 17, 2013.  The
Debtors estimated assets and debts of at least $10 million.


INSIGHT PHARMACEUTICALS: Moody's Rates Upsized Senior Loan 'B1'
---------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Insight
Pharmaceuticals LLC's upsized first lien senior secured term loan,
lowered the rating on its $20 million first lien senior secured
revolver to B1 from Ba3, and affirmed the B2 Corporate Family
Rating. The company is weakly positioned within the B2 CFR due to
its small size, high leverage, and moderate cushion within the
credit facility financial maintenance covenants. Moody's
nevertheless affirmed Insight's B2 CFR with a stable rating
outlook based on expected stabilization of the company's operating
performance, projected free cash flow improvement, and anticipated
leverage reduction.

The downgrade of the revolver rating reflects lower cushion owing
to changes in the debt mix resulting from a refinancing last year,
subsequent debt repayments, and ongoing contingent payments to
Johnson and Johnson (J&J) related to Insight's 2011 Monistat
acquisition. The rating assignment is in connection with a re-
pricing and upsize of the term loan to $290 million from $255
million in October 2012. Insight utilized the net proceeds to pay
down a portion of its unrated second lien term loan. The
refinancing favorably reduced cash interest expense and
contributes to Moody's projection for improved free cash flow.

The following rating actions were taken for Insight
Pharmaceuticals, LLC:

Ratings Assigned:

Senior Secured Bank Credit Facility Term Loan, Assigned B1 (LGD3,
35%) (previously issued in October 2012)

Ratings Downgraded:

Senior Secured Bank Revolving Credit Facility, Downgraded to B1
(LGD3, 35%) from Ba3 (LGD2, 28%)

Ratings Affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Ratings Withdrawn:

$255 million Senior Secured Bank Term Loan, previously rated Ba3
(LGD2, 28%) (refinanced in October 2012)

Outlook, Remains Stable

Ratings Rationale:

Insight's B2 CFR reflects its small scale, limited brand
diversification in highly competitive over-the-counter (OTC)
healthcare categories that include participants with significantly
more resources and financial flexibility, high leverage, and event
risks related to acquisitions and equity sponsor ownership.
Moody's estimates that Monistat and e.p.t. generate roughly 70% of
total sales and believes that competitive pressures will make it
challenging to realize significant improvement in these mature
categories. Moody's nevertheless anticipates savings from a
comprehensive review of Monistat's cost structure that will lead
to a shift in the primary supplier in 2014's first half, as well
as pricing actions. Moody's also anticipates that new e.p.t.-
branded products launching through early next year will contribute
to better earnings and cash flow in 2014. Insight is devoting the
bulk of its cash flow to the remaining Monistat contingent
payments, but the cash available for term loan repayment and
acquisitions will improve once the contingent payments are
completed in January 2014. The company is likely to pursue
additional acquisitions to build scale and product diversity, and
this will keep debt-to-EBITDA leverage high (6.4x LTM 6/30/13
incorporating Moody's standard adjustments and the Monistat
contingent payments in debt). The rating also reflects Insight's
marketing capabilities, ability to generate good profitability
through its outsourced manufacturing business model, low capital
spending requirements, and positive and growing free cash flow.

Moody's believes that Insight's liquidity position is adequate.
Existing cash ($5.7 million as of 6/30/13) and free cash flow that
Moody's projects will increase to roughly $30 million in 2014 from
$20 - $25 million in 2013 will be sufficient to fund the 1%
required annual first lien term loan amortization. Free cash flow
was roughly $7 million in the first half of 2013 including a
payment to the existing Monistat supplier in connection with the
planned shift in product sourcing. Safety stock builds to ensure
there are no product delivery disruptions during the Monistat
supplier shift are manageable and should reverse once the
transition is complete in mid-2014. Funding needs related to the
remaining Monistat contingent payments through early 2014 will
consume cash and, in Moody's opinion, lead to borrowings under the
$20 million revolver that will be repaid subsequently from cash
flow. The contingent payments weaken the covenant cushion by
utilizing cash that could otherwise be used to reduce debt for
covenant purposes, which is calculated net of cash and exclusive
of the contingent payments. The covenant cushion is likely to
remain modest despite the expected improvement in earnings given
the step down in the net total leverage ratio from 6.0x to 5.25x
by September 2014. Moody's believes that Insight's positive free
cash flow provides capacity to absorb an increase in interest
expense if a shortfall in operating performance necessitates a
covenant amendment.

The stable rating outlook reflects Moody's view that Insight's
earnings and cash flow will improve over the next 12-18 months,
that financial flexibility will improve following completion of
the Monistat contingent payments, and that the company will be
able to maintain an adequate covenant cushion. Moody's also
assumes that there are no major supply disruptions related to the
shift in Monistat sourcing.

Insight's ratings could be downgraded if operating performance and
debt repayment are not sufficient to reduce and sustain debt-to-
EBITDA leverage below 6.0x and sustain EBIT-to-interest above
1.75x. Acquisitions, shareholder distributions or a deterioration
in operating performance due to market share erosion, increased
price competition, or a regulatory or quality-driven supply
disruption could contribute to downward rating pressure. The
ratings could also be lowered if liquidity weakens including
heightened concern regarding Insight's ability to remain in
compliance with its financial maintenance covenants or obtain an
amendment, if necessary.

An upgrade is unlikely given the small scale, revenue
concentration, and moderate covenant cushion. An upgrade would
require a substantial increase in the company's scale, diversity
and cash flow, a significant reduction in debt-to-EBITDA leverage,
and an improved liquidity position.

The principal methodology used in this rating was the Global
Packaged Goods published in June 2013. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Insight, headquartered in Trevose, Pennsylvania, owns and markets
a broad portfolio of branded over-the counter (OTC) healthcare
products. Key brands include Monistat, e.p.t, Nix, Sucrets,
Anacin, Dermarest and Bonine. SPC Partners IV, L.P. and Teacher's
Private Capital, the private equity affiliate of the Ontario
Teachers' Pension Plan, are Insight's majority owners. Insight
generated approximately $190 million in revenue for the 12 months
ended June 30, 2013.


INTERFAITH MEDICAL: Has Until Nov. 11 to File Chapter 11 Plan
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York
extended, for the third time, Interfaith Medical Center, Inc.'s
exclusive periods to file a chapter 11 plan until Nov. 11, 2013,
and solicit acceptances for that plan until Jan. 13, 2014.

As reported in the Troubled Company Reporter on Sept. 2, 2013,
according to Alan J. Lipkin, Esq., at Willkie Farr & Gallagher
LLP, in New York, the Debtor sought an extension of the exclusive
periods to ensure that estate assets are not dissipated by
numerous creditors pursuing their own restructuring scenarios
and that resolution of the Chapter 11 case is not unduly delayed.
Mr. Lipkin says the Debtor expects to file a plan well within the
requested extension.

                 About Interfaith Medical Center

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

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

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

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

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


IPC INTERNATIONAL: Committee Retaining Pachulski Stang as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of IPC International
Corporation, et al., ask the U.S. Bankruptcy Court for the
District of Delaware for authorization to retain Pachulski Stang
Ziehl & Jonses LLP as counsel to the Committee, nunc pro tunc to
Sept. 5, 2013.

The firm is expected to render, among others, these services to
the Committee:

   a. Assisting, advising and representing the Committee in its
consultations with the Debtors regarding the administration of
these cases;

   b. Assisting, advising and representing the Committee with
respect to the Debtors' retention of professionals and advisors
with respect to the Debtors' business and these cases;

   c. Assisting, advising and representing the Committee in
analyzing the Debtors' assets and liabilities, investigating the
extent and validity of liens and participating in and reviewing
any proposed asset sales, any asset dispositions, financing
arrangements and cash collateral stipulations or proceedings;

   d. Assisting, advising and representing the Committee in any
manner relevant to reviewing and determining the Debtors' rights
and obligations under leases and other executory contracts;

   e. Assisting, advising and representing the Committee in
investigating the acts, conduct, assets, liabilities and financial
condition of the Debtors, the Debtors' operations and the
desirability of the continuance of any portion of those
operations, and any other matters relevant to the cases or to the
formulation of a plan;

   f. Assisting, advising and representing the Committee in
connection with any sale of the Debtors' assets;

   g. Assisting, advising and representing the Committee in its
participation in the negotiation, formulation, or objection to any
plan of liquidation or reorganization;

   h. Assisting, advising and representing the Committee in
understanding its powers and its duties under the Bankruptcy Code
and the Bankruptcy Rules and in performing other services as are
in the interests of those represented by the Committee;

   i. Assisting, advising and representing the Committee in the
evaluation of claims and on any litigation matters, including
avoidance actions; and

   j. Providing such other services to the Committee as may be
necessary in thee Chapter 11 cases.

To the best of the Committee's knowledge, PSZJ is a
"disinterested person" within the meaning of section 101(14) of
the Bankruptcy Code.

The professionals and paralegals presently designated to represent
the Committee and their current standard hourly rates are:

     Bradford J. Sandier, Esq.     $750
     Teddy M. Kapur, Esq.          $525
     Peter J. Keane, Esq.          $425
     Patricia B. Cuniff, Esq.      $290

                     About IPC International

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

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta R. Mayers, Esq., at Potter
Anderson & Corroon, LLP, serves as local counsel.  Paul V.
Possinger, Esq., and Brandon W. Levitan, Esq., at Proskauer Rose,
LLP, serve as the Debtor's general bankruptcy counsel.  Silverman
Consulting, LLC, acts as the Debtor's financial advisor and
Livingstone Partners, LLP, serves as the Debtor's investment
banker.  KCC is the Debtor's noticing, claims and balloting agent.
Judge Mary F. Walrath presides over the case.

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

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

A three-member panel has been appointed as the official unsecured
creditors committee in the case.  The panel consists of Weinberg,
Wheeler, Hudgins, Gunn & Dial, LLC; Mary Carmona-Rousse; and Drew
Eckl & Farnham, LLP.

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

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


IPC INTERNATIONAL: Files Schedules of Assets and Liabilities
------------------------------------------------------------
IPC International Corporation, et al., have filed with the U.S.
Bankruptcy Court for District of Delaware their schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $21,959,100
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $20,186,259
  E. Creditors Holding
     Unsecured Priority
     Claims                                        $4,612,085
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $6,258,231
                                  -----------     -----------
        TOTAL                     $21,959,100     $31,056,575

A copy of the schedules is available at:

            http://bankrupt.com/misc/IPC.SAL.doc164.pdf

                     About IPC International

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

Scott M. Strong signed the petition as chief financial officer.
The Debtor estimated assets and debts of at least $10 million.
Jeremy William Ryan, Esq., and Etta R. Mayers, Esq., at Potter
Anderson & Corroon, LLP, serves as local counsel.  Paul V.
Possinger, Esq., and Brandon W. Levitan, Esq., at Proskauer Rose,
LLP, serve as the Debtor's general bankruptcy counsel.  Silverman
Consulting, LLC, acts as the Debtor's financial advisor and
Livingstone Partners, LLP, serves as the Debtor's investment
banker.  KCC is the Debtor's noticing, claims and balloting agent.
Judge Mary F. Walrath presides over the case.

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

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

A three-member panel has been appointed as the official unsecured
creditors committee in the case.  The panel consists of Weinberg,
Wheeler, Hudgins, Gunn & Dial, LLC; Mary Carmona-Rousse; and Drew
Eckl & Farnham, LLP.

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

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


IZEA INC: Sells $695,000 Worth of Units
---------------------------------------
IZEA, Inc., entered into Securities Purchase Agreements with
certain investors from Sept. 17 - 23, 2013, pursuant to which the
Company privately placed $695,000 units, at a price of $25,000 per
Unit, paid in cash.  Each Unit consisted of 100,000 shares of the
Company's common stock, together with two warrants.  The Warrants
were composed of one Warrant to purchase 50,000 shares of Common
Stock at an exercise price of $0.25 per share and another Warrant
to purchase 50,000 shares of Common Stock at an exercise price of
$0.50 per share, in each case exercisable for cash at any time
during the five years following the date of issuance.  As a result
of the Private Placement, the Company issued 2,780,000 shares of
its common stock and issued fully-exercisable warrants to purchase
up to additional 2,780,000 shares of the Company's common stock.
This completes the sale of the Company's securities through this
Private Placement.

The sale of these Units, combined with the Company's previously
sold Units in the Private Placement resulted in the conversion of
promissory notes and accrued interest thereon totaling $1,376,618
into Units on the same terms and conditions as were applicable to
other Investors in the Private Placement and provided a total of
$2,182,500 in cash proceeds before expenses.  These proceeds will
be used for general working capital purposes.  The Company's total
number of outstanding shares of common stock after the issuance of
shares in the Private Placement is 21,512,453 shares.

                           About IZEA, Inc.

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

IZEA reported a net loss of $4.67 million in 2012 as compared with
a net loss of $3.97 million in 2011.  The Company's balance sheet
at June 30, 2013, showed $1.64 million in total assets, $4.35
million in total liabilities and a $2.70 million total
stockholders' deficit.

Cross, Fernandez & Riley, LLP, in Orlando, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has incurred recurring operating
losses and had a negative working capital and an accumulated
deficit at Dec. 31, 2012.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern
without raising sufficient additional financing.


JACKSONVILLE BANCORP: Offers 2.1 Million Subscription Rights
------------------------------------------------------------
Jacksonville Bancorp, Inc., the holding company for The
Jacksonville Bank, announced that 2,082,617 shares of common stock
were subscribed for in its previously announced rights offering,
totaling approximately $1,041,308 before expenses, and that it has
accepted all those subscriptions.  The rights offering period
expired at 5:00 p.m., Eastern Time, on Friday, Sept. 20, 2013.

In the rights offering, the Company distributed to eligible
holders of its common stock one non-transferable subscription
right for each share of common stock owned by that holder on
Aug. 20, 2013, the record date for the rights offering.  Each
subscription right entitled its holder to purchase 2.0002 shares
of common stock at a subscription price of $0.50 per share.

At the completion of the rights offering, 7,917,383 shares of
common stock remained available for sale to the public through
Hovde Group, LLC, the Company's sales agent for the offering,
which is acting on a "best efforts" basis only.  The subscription
price for the public offering is $0.50 per share.  The public
offering period will expire on Oct. 4, 2013, unless extended.

The public offering is being made only by means of a prospectus
supplement and accompanying prospectus.  Copies of the prospectus
supplement, accompanying prospectus and additional materials
relating to the public offering may be obtained by contacting Dan
Pake, Managing Director of Hovde, at (323) 395-9969.

                     About Jacksonville Bancorp

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

Jacksonville Bancorp disclosed a net loss of $43.04 million in
2012, a net loss of $24.05 million in 2011 and a $11.44 million
net loss in 2010.  The Company's balance sheet at March 31, 2013,
showed $520.89 million in total assets, $487.47 million in total
liabilities and $33.42 million in total shareholders' equity.

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


JOURNAL REGISTER: Creditor Wants Claim Allowed for Voting Purposes
------------------------------------------------------------------
James D. Schneller, potential unsecured creditor in the Chapter 11
cases of Pulp Finish 1 Company, et al., formerly known as Journal
Register, asks the Bankruptcy Court to temporarily allow his claim
for voting purposes and for estimation of the claim.

Mr. Schneller asked the Court to lift the requirement for filing
of his motion in a writable disc because petitioner's PC resists
such efforts and petitioner's schedule and lack of resources stand
in the way of correcting the matter.

                     About Journal Register

Journal Register Company -- http://www.JournalRegister.com/-- was
the publisher of the New Haven Register and other papers in 10
states, including Philadelphia, Detroit and Cleveland, and in
upstate New York.  JRC was managed by Digital First Media and is
affiliated with MediaNews Group, Inc., the nation's second largest
newspaper company as measured by circulation.

Journal Register, along with its affiliates, first filed for
Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
09-10769) on Feb. 21, 2009.  Attorneys at Willkie Farr & Gallagher
LLP, served as counsel to the Debtors.  Attorneys at Otterbourg,
Steindler, Houston & Rosen, P.C., represented the official
committee of unsecured creditors.  Journal Register emerged from
Chapter 11 protection under the terms of a pre-negotiated plan.

Journal Register exited the 2009 restructuring with $225 million
in debt and with a legacy cost structure, which includes leases,
defined benefit pensions and other liabilities that have become
unsustainable and threatened the Company's efforts for a
successful digital transformation.  Journal Register managed to
reduce the debt by 28% with the Company servicing in excess of
$160 million of debt.

Journal Register returned to bankruptcy (Bankr. S.D.N.Y. Lead Case
No. 12-13774) on Sept. 5, 2012, to sell the business to 21st CMH
Acquisition Co., an affiliate of funds managed by Alden Global
Capital LLC.  The deal was subject to higher and better offers.

Alden Global is the holder of two terms loans totaling $152.3
million.  Alden Global acquired the stock and the term loans from
lenders in Journal Register's prior bankruptcy.

Journal Register disclosed total assets of $235 million and
liabilities totaling $268.6 million as of July 29, 2012.  This
includes $13.2 million owing on a revolving credit to Wells Fargo
Bank NA.

Bankruptcy Judge Stuart M. Bernstein presides over the 2012 case.
Neil E. Herman, Esq., Rachel Jaffe Mauceri, Esq., and Patrick D.
Fleming, Esq., at Morgan, Lewis & Bockius, LLP; and Michael R.
Nestor, Esq., Kenneth J. Enos, Esq., and Andrew L. Magaziner,
Esq., at Young Conaway Stargatt & Taylor LLP, serve as the 2012
Debtors' counsel.  SSG Capital Advisors, LLC, serves as financial
advisors.  American Legal Claims Services LLC acts as claims
agent.  The petition was signed by William Higginson, executive
vice president of operations.

Otterbourg, Steindler, Houston & Rosen, P.C., represents Wells
Fargo.  Akin, Gump, Strauss, Hauer & Feld LLP, represents the
Debtors' Tranche A Lenders and Tranche B Lenders.  Emmet, Marvin &
Martin LLP, serves as counsel to Wells Fargo, in its capacity as
Tranche A Agent and the Tranche B Agent.

The Official Committee of Unsecured Creditors appointed in the
case has retained Lowenstein Sandler PC as counsel and FTI
Consulting, Inc. as financial advisor.

The Journal Register bankruptcy has been renamed Pulp Finish I
Co., after the estate sold the newspaper business to lender and
owner Alden Global Capital Ltd., mostly in exchange for $114.15
million in secured debt and $6 million cash.  After debts with
higher priority are paid, what's left from the cash and a $630,000
tax refund represents most of unsecured creditors' recovery.
There were no bids to compete with Alden's offer.  Alden paid off
financing for the bankruptcy and assumed up to $22.8 million in
liabilities, thus taking care of most trade suppliers who
otherwise would have ended up as unsecured creditors.  In
addition, the lenders waived their deficiency claims, so
recoveries by unsecured creditors won't be diluted.


K-V PHARMACEUTICAL: Obtains $100 Million in Term Loan Financing
---------------------------------------------------------------
K-V Discovery Solutions, Inc., and its affiliated Debtors entered
into a Credit and Guaranty Agreement with the lenders party
thereto and Law Debenture Trust Company of New York, as
administrative agent and collateral agent, on Sept. 16, 2013, the
effective date of the Sixth Amended Joint Chapter 11 Plan of
Reorganization of the Debtors.  Pursuant to the Credit Agreement,
the Lenders agreed to provide a first lien secured term credit
facility in an aggregate principal amount of $100 million.  The
Term Loan matures on Jan. 31, 2018, and was issued at an original
issue discount equal to 5 percent of the aggregate principal
amount of the Term Loan.

The Term Loan bears interest at a rate per annum equal to an
applicable adjusted LIBOR rate, with a floor of 2 percent, plus a
margin of 10 percent or the base rate plus a margin of 9 percent.
The Term Loan is secured by: (a) a first priority lien on
substantially all assets of the Company Parties; (b) a pledge of
all capital stock of each of the Company's domestic subsidiaries;
and (c) a pledge of 65 percent of the voting capital stock of
certain of the Company's foreign subsidiaries.

The Company may voluntarily prepay the Term Loan in whole or in
part at par, subject to certain breakage expenses for LIBOR rate
loans.  The Credit Agreement requires the Company to make
prepayments at par upon the occurrence of certain events,
including, but not limited to, certain asset sales and debt
issuances.  The Credit Agreement also provides for prepayments at
par based on the Company's excess cash flow.

A copy of the Term Loan and the Credit Agreement is available for
free at http://is.gd/vyI912

Stockholders Agreement

On the Effective Date, the Company entered into a Stockholders
Agreement with the holders of the reorganized Company's common
stock, par value $0.01.  The Stockholders Agreement provides
certain of the Company's stockholders the right to designate
individuals to serve on the Company's Board of Directors.  The
Stockholders Agreement also imposes certain notice requirements
and restrictions on transfers of the Company's stock and provides
each stockholder certain limited preemptive rights and tag-along
and drag-along rights and obligations.

Registration Rights Agreement

The Company entered into a Registration Rights Agreement with the
holders of the Common Stock.  In the Registration Rights
Agreement, the Company agreed to register the sale by the holders
of Common Stock under the Securities Act of 1933, as amended,
under certain circumstances.

Management Incentive Plan

On the Effective Date, the Company adopted the Management
Incentive Plan, which provides for the issuance of up to 10
percent of the Common Stock to the Company's management.

Unregistered Sales of Equity Securities.

On the Effective Date and in accordance with the Plan, the Company
issued a total of 15,625,000 shares of Common Stock to: (a)
Capital Ventures International, funds managed by Greywolf Capital
Management LP, Deutsche Bank Securities Inc. (solely with respect
to the Distressed Products Group) and Kingdon Capital and
affiliates of each of the foregoing, and Silver Point Finance,
LLC, or certain of its affiliates, for an aggregate purchase price
of $37 million in cash pursuant to a Second Amended and Restated
Stock Purchase and Backstop Agreement dated June 6, 2013, and a
Share Purchase Agreement dated June 21, 2013; (b) holders of
Allowed Convertible Subordinated Notes Claims, and (c) holders of
Allowed Convertible Subordinated Notes Claims that were Eligible
Holders and that voted in favor of the Plan, for cash as part of
the $238 million rights offering that was launched pursuant to the
Stock Purchase and Backstop Agreement and the Plan.

Material Modification to the Rights of Security Holders

On the Effective Date, all Interests in the Company, including the
Company's Class A Common Stock, Class B Common Stock and 7 percent
Cumulative Convertible Preferred Stock, and the warrants and
options exercisable therefor, as applicable, were cancelled,
discharged and deemed of no further force or effect.

The reorganized Company intends to take action to deregister the
Existing Securities registered under the Securities Exchange Act
of 1934, as amended, as soon as reasonably practicable in
accordance with the Exchange Act.  Deregistration will make
certain provisions of the Exchange Act, such as the requirement to
file periodic reports and proxy statements with the SEC,
inapplicable to the reorganized Company and will reduce the
information that the reorganized Company will make available to
the public, its stockholders and the SEC.

Company Board of Directors

In accordance with the Plan, as of the Effective Date, all of the
existing members of the Company's Board of Directors were deemed
to have resigned.  In accordance with the Plan and the
Stockholders Agreement, the following individuals were appointed
to the Company's Board of Directors:

  (a) Gregory Divis;
  (b) Eric Haron;
  (c) Jonathan Siegel;
  (d) Steven Nielson; and
  (e) Joe McInnis.

Company Officers

In accordance with the Plan, the existing officers of the Company
will continue in their respective roles following the Effective
Date.  The Plan provides for the payment of certain Post-Emergence
Bonuses to Gregory Divis, the Company's chief executive officer
and president, Thomas McHugh, the Company's chief financial
officer, treasurer and vice president, and Patrick Christmas, the
Company's general counsel, secretary and vice president, in the
amounts of: $312,000, $124,000 and $126,000, respectively.  The
bonuses are payable 50 percent on the first payroll date following
the Effective Date and 50 percent on Jan. 1, 2014.

Amended and Restated Certificate of Incorporation

On the Effective Date and in accordance with the Plan, the Company
filed an amended and restated certificate of incorporation with
the Delaware Division of Corporations.

Amended By-Laws

On the Effective Date and in accordance with the Plan, the Company
adopted amended and restated by-laws.  The Amended and Restated
By-Laws contain certain material amendments to the Company's by-
laws in effect immediately prior to the Effective Date, including
with regards to the number of members that comprise the Company's
Board of Directors and the timing and procedures for setting the
Company's annual meeting of stockholders.

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

                         http://is.gd/NMDKwt

                       About K-V Pharmaceutical

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

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

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

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

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

K-V Pharmaceutical's plan of reorganization became effective on
Sept. 16, 2013.


LANCELOT INVESTORS: Trustee Urges 7th Circ. to Review Winston Case
------------------------------------------------------------------
Law360 reported that the bankruptcy trustee for Lancelot Investors
Fund Ltd. and Colossus Capital Fund Ltd. asked the Seventh Circuit
on Sept. 20 to rehear a malpractice suit against ex-counsel
Winston & Strawn LLP, arguing that the court's definition of
"plausibility" is too black-and-white.

According to the report, the funds, which lost money in Tom
Petters' Ponzi scheme, accuses Winston of failing to get informed
consent for simultaneously representing Lancelot and Colossus.
Winston also allegedly failed to advise its clients that Gregory
Bell, the report also related.

The case is Ronald Peterson v. Winston & Strawn, Case No. 12-3512
(7th Cir.).  The case was filed Nov. 2, 2012.

                    About Lancelot Investors

Lancelot Investors Fund, LP, and 18 related entities filed Chapter
7 petitions (Bankr. N.D. Ill. Case No. 08-28225) October 20, 2008,
blaming a $1.5 billion loss in the collapse of Petters Group
Worldwide, LLC.  FBI agents raided Mr. Petters' home and a number
of his businesses on Sept. 24, 2008.  A federal grand jury in the
District of Minnesota indicted Mr. Petters on December 1, 2008, on
charges of mail and wire fraud, conspiracy to commit mail and wire
fraud, money laundering and conspiracy to commit money
laundering.Federal authorities accused Petters Group's founder,
Thomas Petters, of orchestrating a massive ponzi scheme.  Mr.
Petters is now in jail.

Ronald R. Peterson, Esq., at Jenner & Block LLP in Chicago serves
as the Chapter 7 trustee.  Mr. Peterson reported that as of
October 11, 2008, the Debtors collectively purportedly had assets
with a value of $1.78 billion and liabilities totalling
$275.7 million.  Approximately $1.5 billion of the Debtors' assets
purportedly consist of loans to or investments
in Peters Group Worldwide and related entities.


LAWRENCE BROS: Case Summary & 4 Unsecured Creditors
---------------------------------------------------
Debtor: Lawrence Bros., LLC
        3302 Derby Lane
        Williamsburg, VA 23185-1465

Bankruptcy Case No.: 13-73458

Chapter 11 Petition Date: September 17, 2013

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

Judge: Frank J. Santoro

Debtor's Counsel: Karen M. Crowley, Esq.
                  CROWLEY, LIBERATORE, RYAN & BROGAN, P.C.
                  Town Point Center, Suite 300
                  150 Boush Street
                  Norfolk, VA 23510
                  Tel: (757) 333-4500
                  Fax: (757) 333-4501
                  E-mail: kcrowley@clrbfirm.com

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

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

A copy of the Company's list of its largest unsecured creditors,
filed together with the petition, is available for free at
http://bankrupt.com/misc/vaeb13-73458.pdf

The petition was signed by Eric Lawrence, manager.


LE NAILS INC: Case Summary & 2 Unsecured Creditors
--------------------------------------------------
Debtor: Le Nails, Inc.
        3300 Lehigh Street
        Allentown, PA 18103

Bankruptcy Case No.: 13-18108

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Reading)

Judge: Richard E. Fehling

Debtor's Counsel: Kevin K. Kercher, Esq.
                  LAW OFFICE OF KEVIN K. KERCHER, ESQ, PC
                  881 Third Street, Suite C-2
                  Whitehall, PA 18052
                  Tel: (610) 264-4120
                  E-mail: kevinkk@kercherlaw.com

Estimated Assets: $0 to $50,000

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

A copy of the Company's list of its two largest unsecured
creditors is available for free at
http://bankrupt.com/misc/paeb13-18108.pdf

The petition was signed by Thao Le, president.


LEVEL 3: S&P Assigns 'BB-' Rating to $1.2BB Term Loan
-----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue rating
and '1' recovery rating to Level 3 Financing Inc.'s proposed
$1.2 billion tranche B-II 2020 term loan due January 2020.  The
'1' recovery rating indicates S&P's expectation for very high (90%
to 100%) recovery of principal in the event of a default.  The
company will use proceeds to repay the $1.2 billion tranche B-II
2019 term loan.

The 'B' corporate credit rating on parent Level 3 Communications
Inc. is unchanged as the modest reduction in interest expense
anticipated from this opportunistic refinancing would not
materially change Level 3 Communications' consolidated financial
metrics.  The rating outlook is stable.

Broomfield, Colo.-based Level 3 Communications, a global
telecommunications provider, reported approximately $8.5 billion
of outstanding debt at June 30, 2013.

RATINGS LIST

Level 3 Communications Inc.
Corporate Credit Rating                   B/Stable/--

New Rating
Level 3 Financing Inc.
$1.2 bil. secured term loan due 2020      BB-
  Recovery Rating                          1


LEVEL 3: Fitch Rates $1.2BB Secured Term Loan 'BB'
--------------------------------------------------
Fitch Ratings has assigned a 'BB/RR1' rating to Level 3 Financing,
Inc.'s $1.2 billion senior secured tranche B-II 2020 term loan
facility due January 2020. Level 3 Financing is a wholly owned
subsidiary of Level 3 Communications, Inc. (LVLT). The Issuer
Default Rating (IDR) for both LVLT and Level 3 Financing is 'B'
with a Positive Rating Outlook. LVLT had approximately $8.5
billion of debt outstanding on June 30, 2013.

Proceeds of the new term loan are expected to be used to refinance
the company's existing equivalent sized tranche B-II 2019 term
loan facility due August 2019. The terms of the new credit
facility, including the security and guaranty structure are
expected to be substantially similar to the existing Tranche B-II
2019 term loan. Outside of the extended maturity date and an
expected reduction of interest expense related to this
transaction, LVLT's credit profile has not substantially changed.

Fitch believes that LVLT's liquidity position is adequate given
the rating and is primarily supported by cash carried on its
balance sheet, which as of June 30, 2013 totaled approximately
$596 million. The company does not maintain a revolver and relies
on capital market access to replenish cash reserves, which limits
the company's financial flexibility in Fitch's opinion. LVLT does
not have any significant maturities scheduled during the remainder
of 2013 or into 2014. LVLT's next scheduled maturity is not until
2015 when approximately $775 million of debt is scheduled to
mature or convert into equity.

Key Rating Drivers

LVLT's ratings recognize, in part, the de-leveraging of the
company's balance sheet resulting from its acquisition of Global
Crossing Limited (GLBC). LVLT's leverage has declined to 5.4x as
of the latest 12 months (LTM) period ended June 30, 2013, which
compares favorably with company's leverage of 5.85x as of Dec. 31,
2012 and 6.54x as of June 30, 2012.

The Positive Rating Outlook reflects Fitch's belief that LVLT's
credit profile will strengthen as the company achieves the cost
synergies associated with the GLBC acquisition. Fitch expects to
observe the strengthening of LVLT's credit metrics during 2013 as
cost synergies begin to take effect and integration costs begin to
diminish. Fitch foresees LVLT leverage will approach 5.2x by the
end of 2013 as the company continues its progress to achieving its
3x to 5x net leverage target.

Positive rating actions will likely occur as the company
demonstrates that it can consistently generate positive free cash
flow and reduce leverage to 5.5x or below. Equal consideration
will be given to the company's ability to attain cost synergies
while maintaining positive operational momentum. Evidence of
positive operating momentum includes stable to expanding gross
margins and revenue growth within the company Core Network
Services segment. Fitch believes the incremental EBITDA captured
through the GLBC acquisition along with realization of anticipated
cost synergies and dwindling integration costs will position LVLT
to generate consistent levels of free cash flow. The company
reported a $109 million free cash flow deficit during the LTM
period ended June 30, 2013. Fitch expects that LVLT will generate
a nominal amount of positive free cash flow during 2013.

A stabilization of the Rating Outlook at the current rating level
would coincide with LVLT experiencing difficulty or delay in fully
integrating GLBC and achieving anticipated cost synergies. A
weakening of LVLT's operating profile, as signaled by
deteriorating margins and revenue erosion brought on by difficult
economic conditions or competitive pressure will likely lead to
negative rating action.

Overall, Fitch's ratings incorporate LVLT's highly levered balance
sheet, its weaker competitive position and lack of scale relative
to larger and better capitalized market participants. The ratings
for LVLT reflect the company's strong metropolitan network
facilities position relative to alternative carriers, as well as
the diversity of its customer base and service offering, and a
relatively stable pricing environment for a significant portion of
LVLT's service portfolio.

Rating Sensitivities

What Could Trigger a Positive Rating Action
-- Consolidated leverage reduces to 5.5x or lower;
-- Consistent generation of positive free cash flow;
-- Successful integration of GLBC without material disruption to
   its operations.

What Could Trigger a Negative Rating Action
-- Difficulty or delay in fully integrating GLBC and achieving
   anticipated cost synergies;
-- Weakening of LVLT's operating profile, as signaled by
   deteriorating margins and revenue erosion brought on by
   difficult economic conditions or competitive pressure.


LEVEL 3: New $1.2-Billion Senior Term Loan Gets Moody's Ba3 Rating
------------------------------------------------------------------
Moody's Investors Service rated Level 3 Financing, Inc.'s new $1.2
billion senior secured term loan Ba3. Financing is a wholly-owned
subsidiary of Level 3 Communications, Inc., the guarantor of the
facilities. Level 3's corporate family and probability of default
ratings remain unchanged at B3, B3-PD and its speculative grade
liquidity rating remains unchanged at SGL-1 (very good liquidity).
In addition, the ratings outlook remains stable.

Since the new term loan replaces a same-sized facility with
substantially similar terms and conditions, there are no ratings
implications as the company's debt level and its waterfall of
liabilities remain unchanged. Accordingly, the new term loan is
rated at the same Ba3 level as the loan facility it replaces.

The following summarizes the rating action as well as Level 3's
ratings:

Assignments:

Issuer: Level 3 Financing, Inc.

Senior Secured Term Bank Credit Facility, Ba3 (LGD2, 10%)

Issuer: Level 3 Communications, Inc.

Corporate Family Rating, unchanged at B3

Probability of Default Rating, unchanged at B3-PD

Speculative Grade Liquidity Rating, unchanged at SGL-1

Outlook, unchanged at Stable

Senior Unsecured Bond/Debenture, unchanged at Caa2 (LGD6, 92%)

Issuer: Level 3 Financing, Inc.

Senior Secured Bank Credit Facility, unchanged at Ba3 (LGD2, 10%)

Senior Unsecured Regular Bond/Debenture (including debts issued by
Level 3 Escrow, Inc. that have been assumed by Level 3 Financing,
Inc.), unchanged at B3 (LGD4, 58%)

Ratings Rationale:

Level 3's B3 CFR is based on the company's limited ability to
generate free cash flow over the next 12-to-18 months and the lack
of visibility with respect to current and future activity levels.
Level 3 has a reasonable business proposition as a facilities-
based provider of optical, Internet protocol telecommunications
infrastructure and services, however, owing to excess long-haul
transport capacity, margins are relatively weak.

Moody's does not expect supply and demand balance to change and
therefore expect stable margins going forward. With no quantity or
price metrics disclosed by the company or its competitors,
visibility of current and future activity is very limited, a
credit negative. The rating is also based on the expectation that
there is sufficient liquidity to continue to fund investments in
synergy-related initiatives, and that the company's improving
credit profile facilitates repayment and/or roll-over of 2015 and
2016 debt maturities.

Rating Outlook:

The stable ratings outlook is premised on the expectation that
Level 3 will be modestly cash flow positive (on a sustained
basis).

What Could Change the Rating - Up?

In the event that Debt/EBITDA declines towards 5.0x and (RCF-
CapEx)/Debt advances beyond 5% (in both cases, inclusive of
Moody's adjustments and on a sustainable basis), positive ratings
actions may be warranted.

What Could Change the Rating - Down?

Whether the result of execution mis-steps or adverse industry
conditions, should it appear that the company is not cash flow
self-sufficient, or in the event of significant debt-financed
acquisition activity, negative ratings activity may be considered.

The principal methodology used in this rating was the Global
Communications Infrastructure Rating Methodology published in June
2011. Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.


LIFECARE HOLDINGS: Exclusive Periods Extension Approved
-------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
LifeCare Holdings' second motion to extend the exclusive period
during which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including February 28, 2014 and
April 29, 2014, respectively.

As previously reported, "The proposed extension of the Plan Period
to February 28, 2014 will allow the Debtors' wind-down process to
run its course and give the Debtors the opportunity to formulate
and propose a means of disposing of the Chapter 11 Cases without
the disruption of their efforts that might be caused by the filing
of competing plans by non-Debtor parties. Accordingly, the Debtors
believe that the proposed extensions of their Exclusive Periods
are appropriate and warranted in these Chapter 11 Cases."

                          About LifeCare

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

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

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

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

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

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


LIGHTSQUARED INC: Lenders Object to Board Selection
---------------------------------------------------
Mike Spector, writing for The Wall Street Journal, reported that
lenders to LightSquared Inc. on Sept. 23 questioned the selection
of an independent director to help oversee a sale of the wireless
telecom company.

According to the report, the lenders in bankruptcy court papers
claim the director, Donna Alderman, isn't independent because she
previously sparred with Dish Network Corp., which is offering
$2.22 billion for LightSquared.

The lenders said in the court papers that Ms. Alderman has a
"troubled history" with Dish Chairman Charlie Ergen and "his
affiliates," the report related. Representatives for the lenders
and Dish have also privately expressed concerns to LightSquared
about the selection of Ms. Alderman, according to people familiar
with the discussions.

LightSquared's lenders, owed about $1.7 billion, have an interest
in seeing Dish's bid accepted, as it would repay them in full with
interest, the report said.  The lenders include hedge funds that
bought LightSquared debt at a discount.

A bankruptcy judge is set to hold a hearing on Sept. 24 to review
rules governing LightSquared's expected auction later this year,
the report 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.


LIME ENERGY: Sells 927,000 Preferred Shares to Chairman, et al.
---------------------------------------------------------------
Lime Energy Co. entered into a Preferred Stock and Warrant
Purchase Agreement with a group of investors including Mr. Richard
Kiphart, the Company's Chairman and largest individual
stockholder, and Mr. Christopher Capps, a member of its Board of
Directors.  Pursuant to the terms of the Purchase Agreement, the
Investors are purchasing 927,992 shares of the Company's Series A
Preferred Stock at a price per Preferred Share of $10.00.  The
purchase price will be aid with (a) $2,500,000 in cash and (b) the
exchange of $6,779,949 of the Company's Subordinated Secured
Convertible Pay-In-Kind Note, representing all of the outstanding
Notes.

The Preferred Shares are entitled to an accruing dividend of 12.5
percent per annum of their original issue price, payable semi-
annually in arrears.  Those dividends will be paid in additional
shares of Series A Preferred Stock at the original issue price
or, at the sole discretion of the Company's board of directors, in
cash.

The Preferred Shares may be converted, at any time following the
approval of that conversion by the Company's common stockholders,
at the election of the holder of that share, into shares of the
Company's common stock at a conversion price equal to $0.54 per
share.  The Conversion Price will be proportionately adjusted for
stock splits, combinations and similar recapitalizations, and,
subject to a floor of $0.50, will be adjusted for future issuance
of common stock at a price per share less than the Conversion
Price on a broad based, weighted average basis.  The Company can
require conversion of the notes if the weighted average price for
the its common stock is at least 200 percent of the Conversion
Price for at least 20 trading days during a 30 trading day period
ending within five trading days prior to the Company sending a
notice of forced conversion to the holders of the Notes.

The Company may redeem all or a portion of the Preferred Shares at
its option at any time unless prohibited by Delaware law governing
distributions to stockholders.  The redemption price for each
Preferred Share will be its original issue price plus any accrued
but unpaid dividends multiplied by a factor based on the date of
the notice of that redemption is sent to holders of the Preferred
Shares.  If that notice is sent before the first anniversary of
the issuance of the Preferred Shares, the factor will be 103
percent, if thereafter but before the second such anniversary, the
factor will be 102 percent, if thereafter but before the third
such anniversary, the factor will be 101 percent and thereafter,
the facto will be 100 percent.

Under the terms of the Note, the Company covenants not to ( i)
redeem debt that is subordinated to the Notes, or (ii) redeem,
repurchase or declare or pay a cash dividend or distribution on
its capital stock.  The Notes are subordinated to (i) all
commercial loans or other credit facilities that are or will be
secured by all or substantially all of the assets of the Company
and that have been approved by the Company's Board of Directors as
senior in rank to the Notes and (ii) any and all obligations to
the issuers of surety bonds and performance bonds for which the
Company or any of its subsidiaries is the principal obligor.

In connection with the entry into the Purchase Agreement, the
Company issued Investors purchasing preferred shares for cash
warrants to purchase 1,851,851 shares of its common stock at $0.54
per share.  These warrants expire on the 5th anniversary of their
issuance and contain a cashless-exercise option.  The Warrants may
not be exercised until the Company's common stockholders approve
the exercise of the Warrants.

The Purchase Agreement requires that the Company seek stockholder
approval of the conversion of the Preferred Shares and the
exercise of the Warrants on or before Dec. 31, 2013.  The Company
expects to seek that approval at its next annual meeting of
stockholders.

The Company intends to use the proceeds from the sale of the
Preferred Shares sold for cash for general corporate purposes.

In connection with the transaction, on Sept. 23, 2013, the Company
filed a Certificate of Designation with the Delaware Secretary of
State, which certificate designated 2,000,000 shares of the
Company's authorized preferred stock as Series A Preferred Stock.

                         About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

The Company's balance sheet at June 30, 2013, showed $32.64
million in total assets, $31.68 million in total liabilities and
$952,000 in total stockholders' equity.


LONE PINE: Enters Deal with Noteholders, Files Under CCAA
---------------------------------------------------------
Lone Pine Resources Inc. on Sept. 25 disclosed that it has reached
agreement with holders of approximately 75% of the outstanding
10.375% Senior Notes due 2017 issued by Lone Pine Resources Canada
Ltd. on a restructuring plan that, if successfully implemented,
will significantly reduce the Company's debt obligations and
materially improve the Company's overall capitalization and
liquidity.  The Company has commenced proceedings in the Court of
Queen's Bench of Alberta under the Companies' Creditors
Arrangement Act, and ancillary proceedings under Chapter 15 of the
United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Delaware, to implement the
restructuring.  Lone Pine, LPR Canada and all other subsidiaries
of the Company are parties to the CCAA and Chapter 15 proceedings.

"The proposed restructuring transaction is the result of a lengthy
evaluation and deliberation by Lone Pine's management and board of
directors, together with its financial and legal advisors, on a
range of alternatives available to the Company," said Tim Granger,
President and Chief Executive Officer.  "The proposed
restructuring is designed to significantly reduce the Company's
long-term debt and improve its liquidity, which will allow Lone
Pine to resume investment in its attractive asset base, while at
the same time allowing the Company to retain its relationships
with its current employees, industry partners and suppliers."

The restructuring provides for the cancellation of all outstanding
shares of Lone Pine common stock, the conversion of all Senior
Notes into new common equity, and a new equity investment of
US$100 million by holders of the Senior Notes through a private
offering to eligible Noteholders of convertible preferred shares.
The proposed restructuring is the result of agreements reached
with Supporting Noteholders representing a significant majority of
the outstanding Senior Notes, and consideration by the board of
directors of Lone Pine, with advice from its financial and legal
advisors, of all available alternatives.  Based on such
consideration and advice, the board of directors of Lone Pine has
determined that the proposed restructuring is in the best
interests of the Company.

The restructuring contemplates that the Share Offering will be
made available to all eligible Noteholders on a pro rata basis
pursuant to available exemptions from the prospectus requirements
of Canadian securities legislation and the registration
requirements of the U.S. Securities Act of 1933, as amended.
Certain of the Supporting Noteholders have provided a backstop
commitment to subscribe for any portion of the proposed Share
Offering that is not taken up by other Noteholders.  The preferred
shares to be issued under the Share Offering will be convertible,
in aggregate, into such number of common shares as is equal to the
75% of the common shares outstanding on an "as converted" basis on
completion of the restructuring.  The preferred shares will carry
preferential dividend and liquidation rights, and certain
corporate transactions and other matters will, following
completion of the restructuring, be subject to preferred
shareholder approval in certain circumstances.  Details concerning
the timing and mechanics of participating in the Share Offering,
including as an additional backstop party, will be made available
as part of the meeting materials to be sent to all Noteholders.

It is a condition to the restructuring that Lone Pine obtain a new
secured credit facility, and the Company is engaged in active
lender discussions for this purpose.  Proceeds from the Share
Offering and borrowings under the new credit facility will be
used, in part, to repay all indebtedness under the Company's
existing secured credit facility, which as of September 24, 2013
was approximately Cdn$180 million.

The Company has agreed, pursuant to the terms of a support
agreement entered into with each of the Supporting Noteholders, to
pursue the restructuring through a plan of compromise and
arrangement under the CCAA, which will be subject to creditor and
court approval, and ancillary proceedings under Chapter 15 of the
United States Bankruptcy Code for recognition of the CCAA
proceedings.  The Supporting Noteholders, who collectively hold
more than 75% of the outstanding Senior Notes, have agreed under
the Support Agreements to support the restructuring plan and vote
their claims under the Senior Notes in favor of its approval at
any meeting of creditors to be held for that purpose.  The
definitive terms of the restructuring will be set forth in the
CCAA plan of compromise and arrangement.  The foregoing summary
descriptions of the Support Agreements and the Backstop Agreements
are not complete descriptions of the parties' rights and
obligations under such agreements, and interested parties are
encouraged to review the forms of Support Agreement and the
Backstop Agreement which have been filed by the Company on EDGAR
and SEDAR.

During the CCAA proceedings Lone Pine expects to continue with its
day-to-day operations, and employee obligations and any trade
payables incurred after today are expected to be paid or satisfied
in the ordinary course.  The Company has agreed to the principal
terms of a new Cdn$10 million debtor-in-possession credit facility
with certain of its existing secured lenders, subject to the
negotiation and execution of definitive documentation.  The
debtor-in-possession credit facility, together with current cash
balances of Cdn$4 million and anticipated cash flow from
operations, are expected to provide sufficient liquidity to the
Company through the restructuring period.

Trading of Lone Pine's common stock on the Toronto Stock Exchange
has been halted, and the Company anticipates that the trading halt
will remain in effect pending delisting of the common stock.  The
Company expects to complete the restructuring before December 31,
2013.

Lone Pine is being advised by RBC Capital Markets, Bennett Jones
LLP, Vinson & Elkins LLP and Richards Layton & Finger P.A. in
connection with the restructuring, with Wachtell, Lipton, Rosen &
Katz LLP providing independent advice to the Company's board of
directors.  The Supporting Noteholders are being advised by
Goodmans LLP and Stroock & Stroock & Lavan LLP.

The securities to be offered in connection with the restructuring
have not been registered under the Securities Act, or any state
securities laws and, unless so registered, may not be offered or
sold in the United States, except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws.  The
preferred shares will be offered only to accredited investors as
such term is defined under Section 501 of Regulation D under the
Securities Act.  This announcement shall not constitute an offer
to sell or the solicitation of an offer to buy the securities nor
shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any
such state.

Calgary, Canada-based Lone Pine Resources Inc. is an independent
oil and gas exploration, development and production company with
operations in Canada.  The Company's reserves, producing
properties and exploration prospects are located in the provinces
of Alberta, British Columbia and Quebec, and in the Northwest
Territories.  The Company is incorporated under the laws of the
State of Delaware.


MEDIA 8: American Films Resolves Interests in Bankruptcy Case
-------------------------------------------------------------
American Films, Inc. on Sept. 25 announced the successful
resolution of its interests in the Media 8 Entertainment
bankruptcy litigation, case number 9:12-bk-05625-FMD.  The United
States Bankruptcy Court approved an agreement that assigns all
rights in 40 scripts at one time held by Media 8 Entertainment to
American Films LLC and American Films, Inc. American Films, Inc.
will own a 25% interest in the newly acquired assets.  The script
holdings include projects about to begin principal photography and
screenplays authored by proven screenwriters.

                      About American Films, Inc.

American Films, Inc. is an emergent entertainment industry company
focused on opportunities for equity investors.  In an industry
environment that is historically unfavorable to equity
participation, American Films seeks to create alternative
investment participation vehicles that provide necessary funding
to appropriate projects while offering reasonable return on
investment and mitigation of the significant business risks
traditionally encountered.  American Films identifies media
products and talent receptive to alternative funding and fair
treatment of equity investors, provides vehicles towards
accomplishing mutual goals, and provides target-focused leadership
incorporating an audit emphasis at all stages of project
completion including financing, development, production,
distribution, and royalty collection.

                    About Media 8 Entertainment

Media 8 Entertainment, based in Naples, Florida, filed for Chapter
11 bankruptcy (Bankr. M.D. Fla. Case No. 12-05625) on April 13,
2012.  Gregory A. Champeau, Esq., at Johnston Champeau, LLC,
serves as the Debtor's counsel.  The Debtor scheduled $9,302,600
in assets and $8,577,207 in liabilities.  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/flmb12-05625.pdf
The petition was signed by Thomas E. Murphy, president an CEO.


MEDICAL PROPERTIES: S&P Revises Outlook to Pos. & Affirms 'BB' CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Medical
Properties Trust Inc. (MPW) to positive from stable.  At the same
time, S&P affirmed its 'BB' corporate credit and senior unsecured
notes ratings.

S&P also assigned a 'BB' issue-level rating and a '3' recovery
rating to the proposed EUR200 million issuance of unsecured senior
notes due 2020.  S&P's '3' recovery rating indicates its
expectation for meaningful (50% to 70%) recovery prospects for
senior noteholders in the event of a payment default.

"The outlook revision reflects our expectation that the company
will continue to improve its portfolio diversification following
asset base growth of about 100% since 2010 and maintain stable to
improving cash flow as a result of solid rent coverage and low
lease rollover," said Standard & Poor's credit analyst Kenny Tang.
In addition, S&P expects that accretive acquisitions will be
financed in a manner that will support its assessment of an
"intermediate" financial risk profile.  The RHM transaction in
combination with recent acquisitions should help further reduce
the company's comparatively high tenant and geographic
concentration and strengthen its operating performance.

S&P expects the company to maintain relatively stable credit
measures, such as 3.0x or better fixed-charge coverage and total
debt to capital at about the 50% level.  S&P expects the initial
pro forma total debt to EBITDA leverage at close to be
approximately 6.4x (without giving effect to a full revenue run
rate).  Once the recently acquired three IASIS hospital assets and
the 11 proposed RHM assets are generating revenue at a full run
rate S&P expects leverage to improve to the 5.5x to 6.0x range.
This expected leverage range also takes into consideration S&P's
assumption that the company will make ongoing acquisitions
totaling $400 million (annually) on a leverage neutral manner.
Although S&P expects average rent coverage to decline given the
1.75x coverage on the RHM assets, we think it will remain at
approximately 4.0x.

The outlook is positive.  S&P believes same-store cash flow will
remain steady, aided by sound rent coverage and low lease-
rollover.  S&P believes the integration and full cash flow
benefits from recent acquisitions will enhance cash flow and
support the maintenance of the company's current "intermediate"
financial risk profile, including fixed-charge coverage of 3.0x
debt to EBITDA improving to the 5.5x to 6.0x range from its pro
forma 6.4x level once these acquisitions accrete toward a full
revenue run rate and assuming ongoing acquisitions that are
financed on a leverage neutral manner.  Although S&P expects
average rent coverage to decline given the 1.75x on the RHM
assets, S&P still expects it to remain at approximately 4.0x.

S&P would consider raising its MPW if the company achieves and
maintains forecast credit metrics while continuing to pursue
profitable growth opportunities in the face of increasing
competition.  Although S&P considers a downgrade unlikely, it
could lower the rating if MPW aggressively pursues acquisitions or
faces material tenant challenges, such that credit measures
deteriorate (especially, fixed-charge coverage [FCC] at or below
2.1x and debt to EBITDA above 7.5x).


MF GLOBAL: Ex-Workers Take on Judge's WARN Ruling
-------------------------------------------------
Law360 reported that former MF Global Holdings Ltd. workers on
Sept. 20 challenged a bankruptcy judge's reasoning for dismissing
their Worker Adjustment and Retraining Notification Act putative
class action, including his finding that their pleadings did not
include enough detail with respect to which MF Global entity they
were employed by.

According to the report, the employees announced their intention
to appeal U.S. Bankruptcy Judge Martin Glenn's decision earlier
this month, which ended their efforts to hold the fallen firm
accountable for terminating them without proper notice.

                          About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of
the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MONTREAL MAINE: Has Access to Cash Collateral Until Oct. 2
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maine authorized, in
a fourth interim order, Robert J. Keach, the Chapter 11 trustee
for Montreal Maine & Atlantic Railway, Ltd., to use cash
collateral in which Wheeling & Lake Erie Railway Company claims an
interest.

A further hearing on the trustee's continued access of cash
collateral will be held on Oct. 1, 2013, at 9 a.m., provided,
however, that in the event that the trustee and W&ELR will, by
mutual written agreement, agree to an extension period, a further
hearing will be held.

The trustee is authorized to use cash collateral, including cash
on hand and cash from collection of the Debtor's prepetition
accounts receivables on an interim basis for ordinary course
business purposes until the close of business on Oct. 2, 2013.

W&ELR has objected to the use of cash collateral, contending that
the replacement lien to be provided to W&ELR does not adequately
protect its interest in cash collateral.

                        About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel.  Development Specialists, Inc.,
serves as his financial advisor.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MONTREAL MAINE: Hearing on Panel Formation Continued Until Oct. 1
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maine, in a minute
entry, continued until Oct. 1, 2013, at 9 a.m., the hearing to
consider motions to appoint creditors' committee filed by the
Estates of Marie Alliance, et al., the Estates of Stephanie
Bolduc, and the Unofficial Committee of Victims.

Representatives of 18 individuals killed in the disaster filed
papers in bankruptcy court on Aug. 22 seeking appointment of an
official committee to represent wrongful-death claimants.  On Aug.
30, the Quebec provincial government, the municipal government in
Lac-Megantic, Quebec, and representatives of class plaintiffs
filed their own request for appointment of a victims' committee.

                        About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel.  Development Specialists, Inc.,
serves as his financial advisor.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana serves as counsel
to MM&A.

Justice Martin Castonguay oversees the case in Canada.


MSD PERFORMANCE: U.S. Trustee Forms 5-Member Creditors Committee
----------------------------------------------------------------
Roberta A. Deangelis, U.S. Trustee for Region 3, appointed five
creditors to serve in the Official Committee of Unsecured
Creditors in the Chapter 11 cases of MSD Performance, Inc., et al.

The Committee comprises of:

      1. Michael Short
         651 Prospect Hill Rd.
         Osteen, FL 32764
         Tel: (407) 353-5387
         Fax: (407) 321-0937

      2. Inovar, Inc.
         c/o: Tom Carlin
         1073 West 1700 North
         Logan, UT 84321
         Tel: (801) 389-5352
         Fax: (435) 792-4950

      3. Forecast Trading Corp.
         Attn: Robert H. Martin
         37-18 Northern Blvd.
         Long Island City, NY 11101
         Tel: (718) 316-4276
         Fax: (718) 784-3284

      4. Las Cruces Machine
         Mfg. & Engineering
         Attn: Rod Mitchell
         6000 South Main S., Suite B.
         Mesilla Park, MN 88047
         Tel: (575) 526-1411
         Fax: (575) 526-8520

      5. U.S. Micro Products, Inc.
         Attn: Vern Hampton
         6207 Bee Caves Rd., Suite 330
         Austin, TX 78746
         Tel: (512) 385-9000 Extn. 1101
         Fax: (512) 385-9002

                       About MSD Performance

MSD Performance, Inc., headquartered in El Paso, Texas, operates
in the power sports enthusiast and professional racer markets
where the company maintains leading market share positions across
all of its product categories under the MSD Ignition(R),
Racepak(R) and Powerteq(R) brands.  The company's facilities
encompass over 220,000 square feet in six buildings, five of which
are located across the U.S. and one in Shanghai, China.

MSD Performance and its U.S. affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case NO. 13-12286) on Sept. 6,
2013.  Ron Turcotte signed the petitions as CEO.  The Debtors
estimated assets of at least $50 million and debts of at least
$100 million.

The Debtors' restructuring counsel is Jones Day.  Their investment
banker is SSG Advisors, LLC.  The Debtors are also represented by
Richards Layton and Finger, as local counsel.  Logan & Co. is the
claims and notice agent.


NATIONAL ENVELOPE: Court Approves $150,000 DIP Amendment Fee
------------------------------------------------------------
The Bankruptcy Court authorized NE Opco, Inc., et al., to pay a
$150,000 in connection with the Debtors' entry into a third
amendment to the Debtor-in-Possession Credit Agreement.

As reported by the TCR on Sept. 10, 2013, the Third Amendment
increases the amount available to the Debtors under the DIP Credit
Agreement by eliminating, with certain exceptions, the
availability block, and provides that the outstanding amount under
the Tranche A loans cannot exceed $42 million without the Tranche
A lenders' consent.

                       About National Envelope

National Envelope is the largest privately-held manufacturer of
envelopes in North America.  Headquartered in Frisco, Texas,
National Envelope has eight plants and 15 percent of the envelope
market.  Revenue of $427 million in 2012 resulted in a $60.1
million net loss, continuing an unbroken string of losses since
2007.

NE OPCO, Inc., doing business as National Envelope, along with
affiliate NEV Credit Holdings, Inc., filed petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 13-11483) on June 10, 2013.

The company disclosed liabilities including $148.4 million in
secured debt, with $37.5 million owing on a revolving credit and
$15.6 million on a secured term loan.  There is a $55.7 million
second-lien debt 82 percent held by a Gores Group LLC affiliate.

National Envelope, then known as NEC Holdings Corp., first sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on
June 10, 2010.  The business was bought by Gores Group LLC for
$208 million in a bankruptcy sale.

National Envelope, through NE OPCO, has returned to bankruptcy to
pursue a plan of reorganization or sell the assets as a going
concern via 11 U.S.C. Sec. 363.  The Debtor plans to facilitate a
sale of the business with publicly traded competitor Cenveo Inc.

In the new Chapter 11 case, the company has tapped the law firm
Richards, Layton & Finger as counsel, PricewaterhouseCoopers LLP
as financial adviser, and Epiq Bankruptcy Solutions as claims and
notice agent.

The Gores Group is represented by Weil, Gotshal and Manges LLP and
Lowenstein Landler LLP.  Salus Capital Partners, the DIP agent, is
represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht
& Tunnell LLP.   Wells Fargo Capital Finance, LLC, the prepetition
senior agent, is represented by Goldberg Kohn Ltd and DLA Piper.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq.,
Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J.
Keane, Esq.  Guggenheim Securities, LLC, serves as its investment
banker and financial advisor.

As reported in the TCR on July 25, National Envelope won court
approval on July 19 for a global settlement permitting a sale of
the company without objection from the official unsecured
creditors' committee.  The settlement ensures some recovery for
unsecured creditors.

The Company also won final approval for $67.5 million in
bankruptcy financing being supplied by Salus Capital Partners LLC.

The settlement will create a trust for unsecured creditors funded
with $250,000 over 10 weeks.  If a sale pays off the $67.5 million
of bankruptcy financing, the creditors' trust will receive another
$500,000.  From the first $4 million surplus after repaying
bankruptcy financing, secured lenders will receive 75 percent,
with the other 25 percent for unsecured creditors.  Secured
lenders will give 3 percent of additional sale proceeds to
unsecured creditors, all in return for the committee's agreement
to withhold objection to a sale.  The settlement creates a
separate $790,000 fund to be used in winding down the Chapter 11
case.

As reported in the TCR on August 26, NE Opco Inc., which does
business as National Envelope, struck a $65 million sales trifecta
Wednesday as the bankrupt envelope maker announced a series of
deals to parcel out its assets among three separate buyers.

The proposed transactions would see Connecticut-based printer
Cenveo Inc. acquire National Envelope's operating assets for
$25 million, Hilco Receivables LLC pick up accounts receivable for
$25 million and Southern Paper LLC take on its inventory for
$15 million, according to a sale motion filed in Delaware
bankruptcy court.


NATIONAL ENVELOPE: Has Until Jan. 6, 2013 to Decide on Leases
-------------------------------------------------------------
The Bankruptcy Court extended NE OPCO, Inc., et al's deadline to
assume or reject unexpired leases of non-residential real property
for 90 days through and including Jan. 6, 2014, without prejudice
to the right of the Debtors to request further extensions with the
consent of any applicable landlords.

As reported by the TCR on Aug. 30, 2013, the Debtors have a number
of non-residential real property leases with various third-party
landlords, which leases cover most of the Debtors' locations in
the United States, including the Debtors' corporate headquarters
and a number of their plant, factory and warehouse locations.

                      About National Envelope

National Envelope is the largest privately-held manufacturer of
envelopes in North America.  Headquartered in Frisco, Texas,
National Envelope has eight plants and 15 percent of the envelope
market.  Revenue of $427 million in 2012 resulted in a $60.1
million net loss, continuing an unbroken string of losses since
2007.

NE OPCO, Inc., doing business as National Envelope, along with
affiliate NEV Credit Holdings, Inc., filed petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 13-11483) on June 10, 2013.

The company disclosed liabilities including $148.4 million in
secured debt, with $37.5 million owing on a revolving credit and
$15.6 million on a secured term loan.  There is a $55.7 million
second-lien debt 82 percent held by a Gores Group LLC affiliate.

National Envelope, then known as NEC Holdings Corp., first sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on
June 10, 2010.  The business was bought by Gores Group LLC for
$208 million in a bankruptcy sale.

National Envelope, through NE OPCO, has returned to bankruptcy to
pursue a plan of reorganization or sell the assets as a going
concern via 11 U.S.C. Sec. 363.  The Debtor plans to facilitate a
sale of the business with publicly traded competitor Cenveo Inc.

In the new Chapter 11 case, the company has tapped the law firm
Richards, Layton & Finger as counsel, PricewaterhouseCoopers LLP
as financial adviser, and Epiq Bankruptcy Solutions as claims and
notice agent.

The Gores Group is represented by Weil, Gotshal and Manges LLP and
Lowenstein Landler LLP.  Salus Capital Partners, the DIP agent, is
represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht
& Tunnell LLP.   Wells Fargo Capital Finance, LLC, the prepetition
senior agent, is represented by Goldberg Kohn Ltd and DLA Piper.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq.,
Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J.
Keane, Esq.  Guggenheim Securities, LLC, serves as its investment
banker and financial advisor.

As reported in the TCR on July 25, National Envelope won court
approval on July 19 for a global settlement permitting a sale of
the company without objection from the official unsecured
creditors' committee.  The settlement ensures some recovery for
unsecured creditors.

The Company also won final approval for $67.5 million in
bankruptcy financing being supplied by Salus Capital Partners LLC.

The settlement will create a trust for unsecured creditors funded
with $250,000 over 10 weeks.  If a sale pays off the $67.5 million
of bankruptcy financing, the creditors' trust will receive another
$500,000.  From the first $4 million surplus after repaying
bankruptcy financing, secured lenders will receive 75 percent,
with the other 25 percent for unsecured creditors.  Secured
lenders will give 3 percent of additional sale proceeds to
unsecured creditors, all in return for the committee's agreement
to withhold objection to a sale.  The settlement creates a
separate $790,000 fund to be used in winding down the Chapter 11
case.

As reported in the TCR on August 26, NE Opco Inc., which does
business as National Envelope, struck a $65 million sales trifecta
Wednesday as the bankrupt envelope maker announced a series of
deals to parcel out its assets among three separate buyers.

The proposed transactions would see Connecticut-based printer
Cenveo Inc. acquire National Envelope's operating assets for
$25 million, Hilco Receivables LLC pick up accounts receivable for
$25 million and Southern Paper LLC take on its inventory for
$15 million, according to a sale motion filed in Delaware
bankruptcy court.


NATIONAL ENVELOPE: Court OKs Setoff of R.R. Donnelley's Debt
------------------------------------------------------------
The Bankruptcy Court entered an order granting, in part, and
denying in part, the motion for relief from automatic stay to
permit R.R. Donnelley & Sons Company to exercise setoff rights.

The Court ordered that within five business days from Sept. 10,
2013, R.R. Donnelley will disgorge and return to the Debtors all
payments received post-petition on account of pre-petition debt,
which the Court understands to be $747,543.

The pre-petition amounts owed by R.R. Donnelley to the Debtors
under the Services Agreement dated Jan. 15, 2008, will be setoff
against the pre-petition amounts owed by the Debtors to R.R.
Donelley under the (i) Transportation Management Agreement dated
April 1, 2012; and (ii) Master Purchase Agreement dated Oct. 17,
2012.  The Court understands that R.R. Donnelley owes the Debtors
approximately $1.9 million and the Debtors owe R.R. Donnelley
approximately $3 million.

R.R. Donnelley will have a general unsecured claim against the
Debtors for any pre-petition amount owed after setoff by the
Debtors to R.R. Donnelley.

                      About National Envelope

National Envelope is the largest privately-held manufacturer of
envelopes in North America.  Headquartered in Frisco, Texas,
National Envelope has eight plants and 15 percent of the envelope
market.  Revenue of $427 million in 2012 resulted in a $60.1
million net loss, continuing an unbroken string of losses since
2007.

NE OPCO, Inc., doing business as National Envelope, along with
affiliate NEV Credit Holdings, Inc., filed petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 13-11483) on June 10, 2013.

The company disclosed liabilities including $148.4 million in
secured debt, with $37.5 million owing on a revolving credit and
$15.6 million on a secured term loan.  There is a $55.7 million
second-lien debt 82 percent held by a Gores Group LLC affiliate.

National Envelope, then known as NEC Holdings Corp., first sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on
June 10, 2010.  The business was bought by Gores Group LLC for
$208 million in a bankruptcy sale.

National Envelope, through NE OPCO, has returned to bankruptcy to
pursue a plan of reorganization or sell the assets as a going
concern via 11 U.S.C. Sec. 363.  The Debtor plans to facilitate a
sale of the business with publicly traded competitor Cenveo Inc.

In the new Chapter 11 case, the company has tapped the law firm
Richards, Layton & Finger as counsel, PricewaterhouseCoopers LLP
as financial adviser, and Epiq Bankruptcy Solutions as claims and
notice agent.

The Gores Group is represented by Weil, Gotshal and Manges LLP and
Lowenstein Landler LLP.  Salus Capital Partners, the DIP agent, is
represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht
& Tunnell LLP.   Wells Fargo Capital Finance, LLC, the prepetition
senior agent, is represented by Goldberg Kohn Ltd and DLA Piper.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq.,
Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J.
Keane, Esq.  Guggenheim Securities, LLC, serves as its investment
banker and financial advisor.

As reported in the TCR on July 25, National Envelope won court
approval on July 19 for a global settlement permitting a sale of
the company without objection from the official unsecured
creditors' committee.  The settlement ensures some recovery for
unsecured creditors.

The Company also won final approval for $67.5 million in
bankruptcy financing being supplied by Salus Capital Partners LLC.

The settlement will create a trust for unsecured creditors funded
with $250,000 over 10 weeks.  If a sale pays off the $67.5 million
of bankruptcy financing, the creditors' trust will receive another
$500,000.  From the first $4 million surplus after repaying
bankruptcy financing, secured lenders will receive 75 percent,
with the other 25 percent for unsecured creditors.  Secured
lenders will give 3 percent of additional sale proceeds to
unsecured creditors, all in return for the committee's agreement
to withhold objection to a sale.  The settlement creates a
separate $790,000 fund to be used in winding down the Chapter 11
case.

As reported in the TCR on August 26, NE Opco Inc., which does
business as National Envelope, struck a $65 million sales trifecta
Wednesday as the bankrupt envelope maker announced a series of
deals to parcel out its assets among three separate buyers.

The proposed transactions would see Connecticut-based printer
Cenveo Inc. acquire National Envelope's operating assets for
$25 million, Hilco Receivables LLC pick up accounts receivable for
$25 million and Southern Paper LLC take on its inventory for
$15 million, according to a sale motion filed in Delaware
bankruptcy court.


NATIONAL HOLDINGS: R. Abbe Held 6.4% Equity Stake at Sept. 19
-------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Richard Abbe and his affiliates disclosed that as of
Sept. 19, 2013, they beneficially owned 6,364,203 shares of common
stock of National Holdings Corporation representing 6.4 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/KrxiWD

                     About National Holdings

New York, N.Y.-based National Holdings Corporation is a financial
services organization, operating primarily through its wholly
owned subsidiaries, National Securities Corporation, Finance
Investments, Inc., and EquityStation, Inc.  The Broker-Dealer
Subsidiaries conduct a national securities brokerage business
through their main offices in New York, New York, Boca Raton,
Florida, and Seattle, Washington.

The Company incurred a net loss of $1.93 million for the year
ended Sept. 30, 2012, compared with a net loss of $4.71 million
during the prior year.  The Company's balance sheet at March 31,
2013, showed $23.85 million in total assets, $12.88 million in
total liabilities and $10.97 million in total stockholders'
equity.

Sherb & Co., LLP, in Boca Raton, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2012.  The independent auditors noted that
the Company has incurred significant losses and has a working
capital deficit as of Sept. 30, 2012, that raise substantial doubt
about the Company's ability to continue as a going concern.

                         Bankruptcy Warning

"Our independent public accounting firm has issued an opinion on
our consolidated financial statements that states that the
consolidated financial statements were prepared assuming we will
continue as a going concern and further states that our recurring
losses from operations, stockholders' deficit and inability to
generate sufficient cash flow to meet our obligations and sustain
our operations raise substantial doubt about our ability to
continue as a going concern.  Our future is dependent on our
ability to sustain profitability and obtain additional financing.
If we fail to do so for any reason, we would not be able to
continue as a going concern and could potentially be forced to
seek relief through a filing under the U.S. Bankruptcy Code," the
Company said in its annual report for the year ended Sept. 30,
2012.


NEVADA HOUSING: S&P Raises Rating on Revenue Bonds to 'BB-'
-----------------------------------------------------------
Standard & Poor's Ratings Services raised its rating to 'BB-' from
'B+' on Nevada Housing Division's multiunit housing revenue bonds
(Whittell Pointe Apartments Project), series 2002A.  The bonds are
secured by Ginnie Mae-guaranteed mortgage-backed securities (MBS).
The outlook is stable.

"The rating reflects our analysis of available updated financial
information based on our current stressed reinvestment rate
assumptions for all scenarios as set forth in the related criteria
articles, and our view that the transaction's projected financial
performance has improved," said Standard & Poor's credit analyst
Jose Cruz.

Currently, S&P believes the bonds are unable to meet all bond
costs from transaction revenues until maturity, assuming
reinvestment earnings.  Moreover, in the event of prepayments, S&P
believes there will be insufficient assets to cover reinvestment
risk based on the 15-day minimum notice period.  The transaction
is still unable to meet all bond costs until maturity.

However, the transaction's projected financial performance has
improved, in S&P's view: We project that asset-to-liability ratios
will fall below parity in April 2021 (compared to April 2020 in
prior projections) and that a deficit will occur in April 2020
(compared to April 2018 in prior projections).


NEW CENTURY TRS: Liquidating Trust Complied With Bar Date Order
---------------------------------------------------------------
Judge Kevin J. Carey concluded that the liquidating trust in the
Chapter 11 cases of New Century TRS Holdings, Inc., et al.,
complied with the bankruptcy court's Claims Bar Date Order.  The
judge said the Debtors' decision to publish the Bar Date Notice in
the national edition of the Wall Street Journal, supplemented with
notice in the Orange County Register, was reasonably calculated,
under the circumstances, to apprise interested parties nationwide
of the Bar Date and afford them an opportunity to file claims.

On July 29, 2011, Helen Galope filed proof of claim number 4131.
On August 26, 2011, the Trustee filed The New Century Liquidating
Trust's Forty-Second Omnibus Objection to Claims, asking the Court
to disallow and expunge the Galope Claim.  Ms. Galope and other
claimants filed responses in opposition to the Trustee's Claim
Objection.  The Court held an evidentiary hearing on December 13,
2011, on the issue of whether the Galope Claim should be
disallowed because it was filed after the claims bar date.

On February 7, 2012, the Court entered a Memorandum and Order
disallowing and expunging the Galope Claim. The Court considered
the testimony of the Debtors' former lead counsel about the
decision-making process behind publication of the Bar Date Notice.
The February 7 Decision determined, in part, that the Debtors'
publication of the Bar Date Notice in the national edition of the
Wall Street Journal, supplemented with notice in the Orange County
Register, was constitutionally adequate for Helen Galope, who was
an unknown creditor at the time the Bar Date Notice was served.

On February 21, 2012, Ms. Galope filed a motion for
reconsideration of the February 7 Decision arguing, among other
things, that the Court erred in deciding that the Debtors'
publication of the Bar Date Notice was constitutionally adequate
as applied to unknown creditors. By a Memorandum and Order dated
May 17, 2012, the Court denied Ms. Galope's Motion for
Reconsideration of the February 7 Decision.

On April 2, 2012, the Trustee filed papers asking the Court to
find that the Debtors' published notice of the Bar Date satisfied
the requirements of due process for all unknown creditors. On
April 18, 2012, Ms. Galope and other claimants filed responses in
opposition to the Trustee's Motion.  On April 20, 2012, the
Trustee filed an Omnibus Reply to the objections.  On May 23,
2012, the Court held an evidentiary hearing on the Trustee's Bar
Date Motion.

The Trustee seeks an order consistent with the February 7 Decision
and the Reconsideration Decision, concluding that the Debtors'
publication notice of the Bar Date complied with the requirements
set forth in the Bar Date Order and satisfied the requirements of
due process for unknown creditors.

A copy of Judge Carey's Aug. 30, 2013 Memorandum is available at
http://is.gd/f9Jirafrom 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.


NEW YORK TIMES: Dividend Reinstatement No Impact on Moody's Rating
------------------------------------------------------------------
Moody's Investors Service says that The New York Times Company's
reinstatement of a $0.04 quarterly dividend, the first quarterly
dividend since the end of 2008, has no immediate impact on
ratings.

The New York Times Company, headquartered in New York, NY, is a
multimedia news and information company including newspapers,
digital businesses and investments in paper mills. The company
operates newspapers including The New York Times (The Times) and
the International Herald Tribune (to be renamed International New
York Times in 4Q2013), as well as related online properties such
as NYTimes.com. The Ochs-Sulzberger family (including shares held
by the 1997 Trust) holds an approximate 13% equity interest in the
company, but effectively controls NY Times through its ownership
of 90% of the Class B common stock. Class B shareholders are
entitled to appoint 70% of the board of directors (9 of 14 members
at present). Arthur Sulzberger, Jr. has been Chairman since 1997
and publisher of The Times since 1992 and is part of the fourth
generation of family ownership. Carlos Slim Helu has a 17%
ownership interest in NY Times. The company recently announced its
agreement to sell the New England Media Group, including The
Boston Globe and related online properties, and the sale is
expected to close by the beginning of 4Q2013. Revenue for the 12
months ended June 30, 2013 pro forma for announced divestitures
was approximately $1.6 billion.

On November 1, 2010, Moody's assigned a B1 rating to The New York
Times Company's proposed $200 million senior unsecured notes due
2016 and changed the rating outlook to positive from stable.
Moody's also affirmed NY Times' B1 Corporate Family Rating (CFR)
and B1 Probability of Default Rating (PDR), and upgraded the
speculative-grade liquidity rating to SGL-2 from SGL-3.


NIELSEN COMPANY: $125MM Loan Increase No Impact on Moody's Ratings
------------------------------------------------------------------
Moody's Investors Service says that the $125 million increase to
The Nielsen Company (Luxembourg) S.a.r.l.'s, senior notes offering
to $625 million from $500 million has no immediate impact on the
ratings of Nielsen Holdings N.V. or Nielsen Finance LLC. Proceeds
from the debt facilities will be used to refinance all of the
existing 11.625% senior notes due 2014 and for general corporate
purposes. All other ratings remain unchanged and the outlook
remains positive.

On September 20, 2013, the company announced that it reached an
agreement with the Federal Trade Commission (FTC) to gain
clearance for its proposed acquisition of Arbitron which is now
expected to close on September 30, 2013. Moody's believes the
agreement with the FTC to preserve competitive landscape pre-
acquisition does not have an immediate impact on debt ratings.

The last rating action was on September 20, 2013, when $500
million senior notes were rated B2 and the Speculative Grade
Liquidity Rating was changed to SGL -- 1 from SGL -- 3. All other
credit ratings were affirmed.

Nielsen Holdings N.V., headquartered in Diemen, The Netherlands
and New York, NY, is a global provider of consumer information and
measurement that operates in approximately 100 countries.
Nielsen's Buy segment (63% of FY 2012 revenue) consists of two
operating units: (i) Information, which includes retail
measurement and consumer panel services; and (ii) Insights, which
provide analytical services for clients. The Watch segment (37% of
revenue) provides viewership data and analytics across television,
online and mobile devices for the media and advertising
industries. Nielsen's proposed $1.3 billion acquisition of
Arbitron is expected to close at the end of September 2013.
Revenue for the 12 months ended June 2013 was roughly $6 billion
excluding Expositions and including Arbitron.

On September 20, 2013, Moody's assigned B2 to the proposed $500
million Senior Notes being issued by The Nielsen Company
(Luxembourg) S.a.r.l., an indirect subsidiary of Nielsen Holdings
N.V. ("Nielsen"), to refinance the existing 11.625% senior notes
due 2014 and general corporate purposes. Moody's also affirmed
Nielsen Holdings N.V.'s Ba3 Corporate Family Ratings, Ba3-PD
Probability of Default Rating, and other debt instrument ratings.


NNN AVENTURA: Florida Office Building in Chapter 11
---------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that one of the 36 owners of the Aventura Harbor Centre,
10-story office building in Aventura, Florida, filed a Chapter 11
petition on Sept. 17 designed to prevent the mortgage holder from
foreclosing a $51.8 million mortgage and taking over the property.

According to the report, the property is on a 3.8-acre parcel.  In
July 2010, there was an agreement to defer payment of $922,000 in
interest until June 2013.  When the payment wasn't made, the
lender began foreclosing.  The mortgage is held in a securitized
trust.  The Chapter 11 filing in Fort Lauderdale, Florida, was by
NNN Aventura Harbor Centre LLC, one of 36 tenants-in-common who
collectively own the property.

The report notes that given what court papers called the
"fragmented nature of ownership," the owners were unable to take
collective action or raise capital to deal with mortgage debt.
The property is 90 percent occupied and generates $375,000 in
monthly income.  NNN Aventura said the property has a value
"roughly" equal to the mortgage debt.  Aventura is 21 miles (34
kilometers) north of Miami.  It remains to be seen whether the
Chapter 11 filing solely by NNN Aventura will prevent the lender
from foreclosing, because it is only one of several owners.  The
property is managed by Triple Net Properties Realty Inc. and
Phoenix Real Estate Group Inc.

The case is In re NNN Aventura Harbor Centre LLC, 13-32195, U.S.
Bankruptcy Court, Southern District of Florida (Fort Lauderdale).


NNN AVENTURA: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: NNN Aventura Harbour Centre, LLC
        2929 E. Commercial Blvd., Suite 302
        Fort Lauderdale, Fl 33308

Bankruptcy Case No.: 13-32195

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Raymond B. Ray

Debtor's Counsel: Thomas M. Messana, Esq.
                  401 E Las Olas Blvd # 1400
                  Fort Lauderdale, FL 33301
                  Tel: (954) 712-7400
                  Fax: (954) 712-7401
                  E-mail: tmessana@messana-law.com

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

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

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Todd Mikles, authorized agent.


N-VIRO INTERNATIONAL: Has $1.4 Million Contract With Toho Water
---------------------------------------------------------------
N-Viro International Corporation announced a contract award from
the Toho Water Authority in Kissimmee, Florida.  The Toho Water
Authority issued a public request for qualified companies to
submit proposals on July 31, 2013.  N-Viro International
Corporation's wholly owned subsidiary Florida N-Viro responded to
the request and the Company's proposal was selected by the Toho
Water Authority to be the most responsive of all the competing
proposals submitted.

The contract award was approved by the Toho Water Authority Board
during a scheduled meeting on Sept. 11, 2013, and the contract has
been executed.  The contract provides for a three year term with
two one-year renewals, and will gross $1,432,110 in anticipated
annual revenue.  Florida N-Viro will provide Class AA services to
The Toho Water Authority for the treatment of residual biosolids
produced by the Authority's wastewater treatment facilities.
Additionally, Bio Mineral Transportation, a wholly owned
transportation subsidiary of N-Viro International Corporation,
will provide transportation services during the term of the
contract.

                   About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

In its audit report on the consolidated financial statements for
the year ended Dec. 31, 2012, UHY LLP, in Farmington Hills,
Michigan, expressed substantial doubt about N-Viro's ability to
continue as a going concern, citing the Company's recurring
losses, negative cash flow from operations and net working capital
deficiency.

The Company reported a net loss of $1.6 million on $3.6 million of
revenues in 2012, compared with a net loss of $1.6 million of
$5.6 million of revenues in 2011.  The Company's balance sheet at
June 30, 2013, showed $2.38 million in total assets, $2.51 million
in total liabilities and a $129,857 total stockholders' deficit.


ONCURE HOLDINGS: Physicians Object to Chapter 11 Plan
-----------------------------------------------------
BankruptcyData reported that the Physicians filed with the
Bankruptcy Court an objection to OnCure Holdings' Plan of
Reorganization.

The objection says, "The Physicians are plaintiffs in a pending
adversary proceeding in which they seek a declaration that the
automatic stay does not bar them from terminating agreements to
which they are parties with certain non-debtor Physician Groups.
The agreements -- known as Member Physician Agreements ('MPAs') --
permit the Physicians and Physician Groups to terminate by mutual
consent. At no point in the proceedings during which the Court
approved the Debtors' current disclosure statement did the Debtors
advise the Court -- neither in writing or as part of the hearing -
- that they consider termination of the MPAs reorganization-
threatening. The Court approved the disclosure statement without
knowing the Debtors' concerns...The Debtors allege that the
Physicians' exercise of their independent contractual rights to
terminate would have a substantial impact on the Debtor's revenue.
Moreover, the Debtors suggest that termination would permit the
physicians to compete with the ultimate purchaser of the Debtors'
assets thereby deterring a proposed purchaser of the Debtors from
finalizing its purchase. The reorganization concerns the Debtors
express as a reason to dismiss the adversary proceeding are found
nowhere in the disclosure statement that was approved by the Court
and was distributed to describe and to solicit votes in support of
their proposed Amended Plan of Reorganization. Indeed, the risks
to reorganization and Amended Plan consummation appear in no
document delivered to those entitled to vote on whether to approve
the Amended Plan; those persons remain in the dark about the
Physicians' and Physician Groups' clear contractual rights, and
the Debtor's concerns about the risks posed by termination. If the
reorganization risks associated with the adversary proceedings are
as the Debtors say, they are not only required to be disclosed,
but the adversary proceedings should be resolved before Amended
Plan Confirmation."

The Court scheduled an October 3, 2013 hearing to consider the
Plan.

                      About OnCure Holdings

Headquartered in Englewood, Colorado, OnCure Holdings, Inc. --
http://www.oncure.com/-- provides management services and
facilities to oncology physician groups throughout the country.

OnCure Holdings and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 13-11540 to 13-11562) in
Wilmington on June 14, 2013.  Bradford C. Burkett signed the
petition as CEO.

On the Petition Date, the Debtors disclosed total assets of
$179,327,000 and total debts of $250,379,000.  There's at least
$15 million owing on a first-lien term loan facility, as well as
$210 million on prepetition secured notes.

Paul E. Harner, Esq., and Keith A. Simon, Esq., at Latham &
Watkins LLP, in New York, serve as the Debtors' lead bankruptcy
counsel.  Daniel J. DeFranceschi, Esq., at Richards, Layton &
Finger P.A., in Wilmington, Delaware, serves as the Debtors' local
Delaware counsel.  Kurtzman Carson Consultants is the claims and
notice agent.  Match Point Partners LLC provides management
services to OnCure.

The Debtors have signed a deal to sell the business to Radiation
Therapy Services Holdings Inc. for $125 million, absent higher and
better offers. RTS's offer comprises $42.5 million in cash (plus
covering certain expenses and subject to certain working capital
adjustments) and up to $82.5 million in assumed debt.  Secured
noteholders are supporting the RTS deal.


Millstein & Co., Kirkland & Ellis LLP, Alvarez & Marsal and
Deloitte advise Radiation Therapy in connection with the
transaction.

Promptly before the bankruptcy filing, the Debtors entered into a
restructuring support agreement with the members of an ad hoc
committee of its secured notes, constituting 100% of the lenders
under the first lien term loan credit agreement and approximately
73% of the secured notes, pursuant to which they have agreed to
support a stand-alone restructuring of the Debtors, subject to an
auction process for a sale of substantially all of the Debtors'
assets or the equity of the reorganized Debtors pursuant to a
chapter 11 plan.

Roberta A. DeAngelis, U.S. Trustee for Region 3 notified the Court
that she was unable to appoint an official committee of unsecured
creditors due to insufficient response from creditors.


OVERSEAS SHIPHOLDING: Bank Lenders Ease Pressure in Bankruptcy
--------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
bank lenders on Sept. 23 officially ratcheted down the pressure on
Overseas Shipholding Group Inc. after the tanker company unveiled
financial projections that will be the basis for restructuring
talks.

According to the report, the lending group withdrew bankruptcy-
court papers that complained the company wasn't moving fast enough
to get its financial affairs in order and asked for a showdown
meant to speed the filing of a Chapter 11 plan.  The move followed
Overseas Shipholding's filing on Sept. 20 with the Securities
Exchange Commission of forecasts that show a rising flow of cash
from the international fleet that makes up the bulk of its
business of carrying oil and petroleum products in U.S. and
international waters, the report related.

                     About Overseas Shipholding

Overseas Shipholding Group, Inc., headquartered in New York, is
one of the largest publicly traded tanker companies in the world,
engaged primarily in the ocean transportation of crude oil and
petroleum products.  OSG owns or operates 111 vessels that
transport oil and petroleum products throughout the world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.


PATRIOT COAL: Wants Joint Administration of New Debtors' Cases
--------------------------------------------------------------
Patriot Coal Corp., and its subsidiaries that are currently
debtors and debtors in possession in proceedings with the U.S.
Bankruptcy Court of the Eastern District of Missouri, and New
Debtors Brody Mining, LLC, and Patriot Ventures LLC ask the
Bankruptcy Court to  (i) direct joint administration of Case No.
13-48727, filed by Brody Mining, LLC, and Case No. 13-48728, filed
by Patriot Ventures LLC, for procedural purposes only, with the
Initial Debtors' lead case, pursuant to Rule 1015(b) of the
Federal Rules of Bankruptcy Procedure; (ii) making certain orders,
as set forth in Exhibit A of the Motion applicable to the New
Debtors in their Chapter 11 cases, as applicable, on an interim
basis, effective as of the commencement of the New Debtors'
Chapter 11 cases and extending certain deadlines established in
the Initial Debtors' Order With respect to each of the New
Debtors, pursuant to the Court's equitable powers under section
105(a) of the Bankruptcy Code.

According to papers filed with the Court, New Debtor Brody Mining,
LLC, provides labor for one of the mines at the Debtors' Wells
mine complex in West Virginia.  "In the ordinary course of its
business (and as otherwise permitted under the terms of its debtor
in possession financing), Patriot acquired Brody Mining, LLC, in
December 2012 so as to secure its labor resources.  The employees
of Brody Mining, LLC, are not represented by a union and are thus
not affected by the proceedings in these cases regarding the
negotiation and approval of new collective bargaining agreements."

"New Debtor Patriot Ventures LLC was historically the Patriot Coal
subsidiary that owned most of the joint venture interests held by
the Patriot Coal affiliated group.  Having recently disposed of
such joint venture interests (in one instance, to the other owner
of the joint venture and in the other two instances, via
contributions of the joint venture interests to wholly-owned
subsidiaries), Patriot Ventures LLC now serves as a holding
company for certain indirect subsidiaries of Patriot Coal.
Patriot Ventures LLC has no employees.  As required by the DIP
Facility, each of the New Debtors is a guarantor thereof."

A copy of the Motion is available at:

         http://bankrupt.com/misc/patriotcoal.doc4687.pdf

The hearing on the Motion is set for Sept. 26, 2013, at 2:00 p.m.

                        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.  The Disclosure Statement is expected to be
filed on or before Oct. 2, 2013, and the approval hearing is
currently scheduled for Nov. 6, 2013.


PATRIOT COAL: Settlement and Amendment to Equipment Lease Approved
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri
approved on Sept. 24, 2013, the motion of Patriot Coal Corporation
and its subsidiary Eastern Associated Coal, LLC, for the entry of
an order approving Eastern's entry into a settlement agreement and
amendment to its amended and restated lease agreement with U.S.
Bank, National Association, as owner trustee under the Trust
Agreement, and authorizing Eastern to exercise the early buyout
option as modified by the Agreement.

Pursuant to section 363 of the Bankruptcy Code and Bankruptcy Rule
9019, the Agreement and all transactions contemplated under the
Agreement, including, but not limited to, the payment of the
Reduced EBO Price and the mutual release of claims, are approved
in all respects.

The Owner Trustee Proof of Claim and the Owner Participant Proof
of Claim are each hereby disallowed.  The Clerk of the Court and
the Debtors' claims agent are hereby directed to reflect the
disallowance of the Owner Trustee Proof of Claim and the Owner
Participant Proof of Claim in their respective records.

Eastern will assume sole liability for personal property taxes in
connection with the Equipment for the period commencing July 1,
2013, and for all periods thereafter.  In no event will U.S. Bank
or Banc of America have any liability with respect to such taxes.

As reported in the TCR on Aug. 14, 2013, Patriot and affiliate
Eastern asked the Bankruptcy Court to approve Eastern's entry into
a settlement agreement and amendment to its amended and restated
lease agreement with U.S. Bank, National Association, as owner
trustee under the Trust Agreement, and authorizing Eastern to
exercise the early buyout option as modified by the Agreement.

Banc of America Leasing & Capital, LLC, is the owner participant
and maintains one hundred percent of the beneficial interest in
the owner trust created by that certain trust agreement dated as
of July 15, 1986, which trust is the owner and lessor of the
Equipment, which is utilized in Eastern's operations at the
Rocklick Prep Plant, located in Boone County in southern West
Virginia.

According to papers filed with the Court, an integral part of the
Equipment Lease is the Lessee's Option to Purchase the
Equipment (the "Early Buyout Option").  The Early Buyout Option
provides Eastern with the right to purchase the Equipment on
Jan. 1, 2014 (the "EBO Date") for the fixed price of $3,672,136.75
(the "EBO Price").  If Eastern elects to exercise the Early Buyout
Option, it is required to pay the EBO Price, as well as any Rent
outstanding as of the EBO Date and certain other costs (the "Total
EBO Price").

The amended and restated lease agreement, in addition to
preserving Eastern's right to purchase the Equipment pursuant to
an early buyout arrangement, amends the Equipment Lease to modify
the terms of the Early Buyout Option (the "Modified Early Buyout
Option") and resolve the issues involving the Rent Deficiency.

                        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.  The Disclosure Statement is expected to be
filed on or before Oct. 2, 2013, and the approval hearing is
currently scheduled for Nov. 6, 2013.


PALM BEACH OFFSHORE: US Bank Under Fire Again Over Ponzi Scheme
---------------------------------------------------------------
Law360 reported that the liquidator of Palm Beach Offshore Ltd.
told the Eighth Circuit on Sept. 23 that U.S. Bank NA had assisted
in Thomas Petters' infamous Ponzi scheme by helping the offshore
funds' managers conceal their fraudulent activity.

According to the report, Geoffrey Varga, the designated liquidator
of the fund ultimately used to purchase promissory notes from
Petters Co. Inc., appealed to the court to reconsider the
Minnesota federal court's dismissal of his allegations.


PORCHLIGHT DISTRIBUTION: Case Summary & 20 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: Porchlight Distribution, Inc.
        14724 Ventura Blvd., Suite 1105
        Sherman Oaks, CA 91403

Bankruptcy Case No.: 13-16040

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Debtor's Counsel: Mary D. Lane, Esq.
                  MITCHELL SILBERBERG & KNUPP LLP
                  11377 W Olympic Blvd.
                  Los Angeles, CA 90064-1683
                  Tel: (310) 312-2000
                  Fax: (310) 312-3100
                  E-mail: mal@msk.com

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

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

A copy of the Company's list of its 20 largest unsecured
creditors, filed together with the petition, is available for free
at http://bankrupt.com/misc/cacb13-16040.pdf

The petition was signed by Peter Bergmann, president.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Porchlight Entertainment, Inc.         13-14983   06/29/13


PERSONAL COMMUNICATIONS: Panel Can Retain FTI as Fin'l Advisor
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in the cases of
Personal Communications Devices, LLC, et al., sought and obtained
authority from the Bankruptcy Court to retain FTI Consulting,
Inc., as financial advisor nunc pro tunc to Aug. 26, 2013.

Among other things, FTI will provide financial advisory services
in the review of financial related disclosures; the analyses of
proposed financing or cash collateral use; the monitoring of the
Debtors' short term cash flow, liquidity and operating results;
and the analysis of avoidance actions.

FTI will be compensated on an hourly fee basis, plus reimbursement
of actual and necessary expenses incurred.

The customary hourly rates, subject to periodic adjustments,
charged by FTI professionals anticipated to be assigned to the
case are:

          Senior Managing Directors           $780 to $895
          Directors/Managing Directors        $570 to $755
          Consultants/Senior Consultants      $290 to $540
          Administrative/Paraprofessionals/
           Associates                         $120 to $250

FTI's Conor P. Tully assures the Court that his firm does not hold
or represent any interest adverse to the Debtors' estates.  He may
be reached at:

         Conor P. Tully
         Senior Managing Director
         FTI CONSULTING, INC.
         3 Times Sq Fl 10
         New York, NY 10036-6564
         Tel: (212) 841-9335
         E-mail: conor.tully@fticonsulting.com

                             About PCD

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.

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.

PCD filed for bankruptcy with a deal to sell the operations to
Quality One Wireless LLC for $105 million, absent a higher bid at
auction.

Bankruptcy Judge Alan S. Trust oversees the case.  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.

The petitions were signed by Raymond F. Kunzmann as chief
financial officer.

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.  The Committee retained FTI
Consulting, Inc., as financial advisor, and Perkins Coie LLP as
counsel.


PERSONAL COMMUNICATIONS: Panel May Retain Perkins Coie as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors sought and obtained
permission from the Bankruptcy Court to retain Perkins Coie LLP as
counsel in all matters related to Personal Communications Devices,
LLC, et al.'s Chapter 11 cases, nunc pro tunc to Aug. 26, 2013.

Essentially, Perkins Coie will assist, advise and represent the
Committee in its consultation with the Debtors relative to the
administration of the Chapter 11 cases.

Perkins Coie will charge for its legal services on an hourly basis
and for its actual and reasonable out-of-pocket disbursements
incurred.

It is anticipated that the primary attorneys who will represent
the Committee are Schuyler G. Carrol, whose current hourly rate is
$825; Tina N. Moss, whose current hourly rate is $750; Gary F.
Eisenberg, whose current hourly rate is $645; and Charles R.
Gibbs, Jr., whose current hourly rate is $340.

Other Perkins Coie attorneys and paraprofessionals may also
provide legal services on behalf of the Committee.  The firmn's
standard hourly rates are:

              Partners and Of Counsel        $490 to $895
              Associates                     $315 to $550
              Paraprofessionals              $215 to $245

To the best of the Committee's knowledge, Perkins Coie is a
"disinterested person" as the phrase is defined in Sec. 101(14) of
the Bankruptcy Code.  None of the firm's attorneys hold or
represent any interest adverse to the Committee, the Debtors, or
any other party-in-interest.

The employment application was made by HTC America, Inc., solely
in its capacity as Committee Chair.

                             About PCD

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.

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.

PCD filed for bankruptcy with a deal to sell the operations to
Quality One Wireless LLC for $105 million, absent a higher bid at
auction.

Bankruptcy Judge Alan S. Trust oversees the case.  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.

The petitions were signed by Raymond F. Kunzmann as chief
financial officer.

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.  The Committee retained FTI
Consulting, Inc., as financial advisor, and Perkins Coie LLP as
counsel.


PLASTIPAK HOLDINGS: $300MM Senior Notes Get Moody's Caa1 Rating
---------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to the proposed
$300 million senior unsecured notes of Plastipak Holdings Inc. and
affirmed the company's B2 Corporate Family and B2-PD Probability
of Default ratings. Additionally, Moody's affirmed (to be
withdrawn at the close of the transaction) the Caa1 rating of the
$225 million senior unsecured notes due August 2019.

The ratings outlook is stable. The proceeds from the new $300
million senior unsecured notes due August 2021 will be used to
repurchase or redeem the tender offer for the $225 million senior
unsecured notes due August 2019, to pay fees and expenses
associated with the refinancing and to pay down other existing
debt on the balance sheet.

Moody's took the following actions:

- Affirmed B2 corporate family rating

- Affirmed B2-PD probability of default rating

- Affirmed $225 million senior unsecured notes due August 2019 to
Caa1 (LGD5-85%) (to be withdrawn at the close of the transaction)

- Assigned $300 million senior unsecured notes due August 2021,
Caa1 (LGD5-81%)

The ratings outlook is stable.

Ratings Rationale:

Plastipak's B2 Corporate Family Rating reflects the company's weak
EBIT margin and free cash flow to debt for the rating category and
concentration of sales. The rating also reflects the company's
large percentage of commodity products and the risk inherent in
Plastipak's strategic transition to higher margin, less
commoditized products. Additionally, the industry remains
fragmented and competitive with strong price pressure.

Strengths in the company's profile include a strong market
position and strong leverage and interest coverage for the rating
category. Plastipak also benefits from an expected ramp up in new
contracts, a high percentage of long-term contracts and a low
percentage of contract renegotiations over the next twelve months.
Plastipak has a strong relative market position and long-standing
relationships with multi-national and well-established customers.

The rating could be upgraded if the company improves its financial
profile on a sustained basis within the context of a stable
operating and competitive environment. The EBIT margin is weak for
the rating category and the company would need to improve or
offset that with improved free cash flow to debt and maintain low
leverage in order for an upgrade to be considered. In addition,
Plastipak would also need to maintain adequate cushion under
existing covenants in the credit facility. Specifically, the
ratings could be upgraded if free cash flow to debt improves to
the positive mid-single digits, the EBIT margin rises above 7.5%
and debt to EBITDA remains well below 5.5 times on a sustained
basis.

The ratings could be downgraded if there is deterioration in the
competitive and operating environment, deterioration in credit
metrics, or a debt financed acquisition resulting in a sizeable
increase of leverage. A failure to maintain adequate cushion under
existing covenants in the credit facility could also prompt a
downgrade. Moody's also notes that the rating of the existing
senior notes are highly sensitive to any increase in senior
secured debt given the mechanics of the loss given default
methodology. Specifically, the ratings could be downgraded if free
cash flow becomes negative, the EBIT margin declines below 5.5%
and/or debt to EBITDA rises above 5.5 times.

The principal methodology used in this rating was the Global
Packaging Manufacturers: Metal, Glass, and Plastic Containers
Industry Methodology published in June 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.


PORT HUENEME (CA): Moody's Downgrades Rating on TABs to Ba2
-----------------------------------------------------------
Moody's Investors Service has downgraded to Ba2 the rating on the
Successor Agency to the Port Hueneme Redevelopment Agency's
outstanding Tax Allocation Bonds. The outlook is negative. The
rating action affects approximately $3.3 million of outstanding
debt.

Ratings Rationale:

The downgrade to Ba2 is driven by changes to California law that
dissolved redevelopment agencies (RDAs) and changed the method by
which the successors agencies to the RDAs receive incremental tax
revenues to pay debt service on tax allocation bonds; as a result
of these changes, Moody's projects that debt service coverage net
of pass-through payments will remain below the threshold to be
considered investment grade.

The downgrade to the Ba2 rating additionally reflects the small
project area and overall assessed value in comparison to other
rated successor redevelopment agency entities; little tax base
concentration; a strong increment to total assessed value ratio;
weak socio-economic indicators and average debt service coverage
levels on a semi-annual basis. Furthermore, the downgrade heavily
weighs the limitation on tax increment that can be collected in
the agency's project areas and Moody's expectation that the tax
cap will be reached before bond maturity in one of the two project
areas, which could lead to revenue shortfall for the bonds secured
by that project area, which in turn would put pressure on the
revenues securing these rated bonds as both series are now paid
from the same trust. The negative outlook reflects the uncertainty
around the California Department of Finance's approach to the tax
increment cap issue as well as the weakness of information
gathered on the agency's total amount of tax increment collected
to date.

Strengths:

- Strong ratio of increment AV to total AV of the project area
which compares to CA medians

- Minimal tax base concentration amongst top ten tax payers

Challenges:

- Tax increment cap in Central Community Project Area is projected
to be reached before bond maturity

- Small project area size in terms of overall acreage and overall
assessed value

- Weak socio-economic profile

What Could Change The Rating Up?

- Sizable increase in incremental AV of the project area, leading
to greater debt service coverage in all semi-annual periods

-Significant improvement to socio-economic indicators

What Could Change The Rating Down?

- Material decline in the district's assessed valuation

The principal methodology used in this rating was Moody's Analytic
Approach To Rating California Tax Allocation Bonds published in
December 2003.


PRIME HEALTHCARE: S&P Assigns 'B' CCR; Outlook Positive
-------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to acute care hospital operator Prime
Healthcare Services Inc.  The outlook is positive.  At the same
time, S&P assigned its 'B' issue-level rating and '4' recovery
rating to Prime's proposed $250 million term loan, indicating its
expectation of average (30% - 50%) recovery to lenders in the
event of payment default.

"The ratings on Prime reflect the company's "aggressive" financial
risk profile, characterized by leverage that we expect to be more
than 4x and funds from operations (FFO) to total debt that we
expect to be in the mid- to high-teens following the transaction,"
said credit analyst Shannan Murphy.  "The ratings also reflect the
company's "weak" business risk profile, based on significant
geographic and payor concentration and a risky business strategy
of acquiring distressed hospital assets, notwithstanding Prime's
track record of successfully turning around struggling hospitals."

The positive outlook indicates S&P's view that Prime has the
potential to quickly improve operating performance at the
hospitals it is acquiring in 2013, resulting in a greater than 20%
EBITDA improvement in 2014 relative to 2013.  S&P could consider a
higher rating if the company's financial risk profile improves to
the point that S&P considers it to be significant rather than
aggressive.  The path to achieve this revision is likely to
include a moderation of its currently aggressive growth trajectory
via acquisitions such that its expanding EBITDA allows leverage to
fall and remain below 4x.  The company's choice of financing
options regarding the use of debt and/or equity for new
acquisitions may also influence our view of financial risk should
the company's acquisition activity remain high.  The continued
achievement of higher margins for acquired hospitals is another
factor that S&P will consider in its evaluation for a higher
rating.

S&P could revise its outlook to stable if it believes the company
is likely to sustain leverage above 4x.  This could occur if the
company encounters difficulty in quickly improving margins at
acquired facilities, undertakes significant additional debt-
financed acquisitions, or pursues an aggressive financial policy
that includes dividends.


PROCESS AMERICA: Cynergy Shakes Some Claims in Contract Suit
------------------------------------------------------------
Law360 reported that a New York federal judge on Sept. 23 granted
partial summary judgment to Cynergy Holdings LLC in a contract
dispute with its bankruptcy creditor Process America Inc., finding
the credit card processor didn't violate certain ownership rights
and sanctioning the creditor for inadvertently deleting certain
evidence in the suit.

According to the report, the decision pares a 2012 suit filed by
Process America accusing Cynergy of improperly terminating a
business agreement with the company and making off with the fruits
of their relationship.

The case is Process America, Inc. v. Cynergy Holdings, LLC et al.,
Case No. 1:12-cv-00772 (E.D.N.Y.) before Judge Brian M. Cogan.

Canoga Park, California-based Process America, Inc., sought
protection under Chapter 11 of the U.S. Bankruptcy Code on Nov.
12, 2012, (Case No. 12-19998, Bankr. C.D. Calif.).  The case is
assigned to Judge Maureen Tighe.

The Debtor's counsel is Ron Bender, Esq., at LEVENE, NEALE,
BENDER, YOO & BRILL LLP, in Los Angeles, California.


R & RSPC LLC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: R. & R.S.P.C., LLC
        2515 McKinney Avenue, Suite 1410
        Dallas, TX 75201

Bankruptcy Case No.: 13-34819

Chapter 11 Petition Date: September 19, 2013

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

Judge: Harlin DeWayne

Debtor's Counsel: Patrick J. Neligan, Jr., Esq.
                  NELIGAN FOLEY LLP
                  325 N. St. Paul, Suite 3600
                  Dallas, TX 75201
                  Tel: (214) 840-5333
                  Fax: (214) 840-5301
                  E-mail: pneligan@neliganlaw.com

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

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

A copy of the list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb13-4819.pdf

The petition was signed by Robert P. Colombo, president.


REVOLUTION DAIRY: Oct. 10 Hearing on Plan Confirmation
------------------------------------------------------
The Hon. R. Kimball Mosier of the U.S. Bankruptcy Court for the
District of Utah will convene a hearing on Oct. 10, 2013, at
1:00 p.m., to consider the confirmation of Revolution Dairy, LLC,
et al.'s Chapter 11 Plan.  Objections, if any, are due Oct. 7.

The Court approved the Disclosure Statement on Sept. 12, paving
the way for the Debtors to begin soliciting votes on the Plan.
Ballots accepting or rejecting the Plan are due Oct. 7.  Prince,
Yeates & Geldzahler as agent for the Debtors' counsel, is
designated to receive the written acceptances or rejections.

On Sept. 12, Judge Mosier approved the Disclosure Statement as
containing adequate information.

                      About Revolution Dairy

Revolution Dairy LLC is one of the largest dairy farms in Utah.
Revolution Dairy and affiliate Highline Dairy, LLC, filed bare-
bones Chapter 11 petitions (Bankr. D. Utah Case Nos. 13-20770 and
13-20771) in Salt Lake City on Jan. 27, 2013.  Each of the Debtors
estimated $10 million to $50 million in assets and liabilities.

Managers of Revolution and Highline -- Robert and Judith Bliss --
also sought Chapter 11 protection (Case No. 13-20772).

Revolution Dairy, LLC, is represented by Michael N. Zundel, Esq.,
Adam S. Affleck, Esq., and T. Edward Cundick, Esq., at Prince,
Yeates & Geldzahler.  Highline Dairy, LLC, is represented by
George B. Hoffman, Esq., at Parsons Kinghorn & Harris.  Robert and
Judith Bliss are represented by David T. Berry, Esq., at Berry &
Tripp P.C.

The Debtors' cases are jointly administered under Case No.
13-20770.

The U.S. Trustee appointed five members to the official committee
of unsecured creditors.  The Committee tapped Snell and Wilmer
L.L.P. as its counsel.  Berkeley Research Group LLC serves as the
panel's financial advisor.


RHINOCEROS VISUAL: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Rhinoceros Visual Effects and Design LLC
          aka Gravity
        315 Madison Avenue, 3rd Floor
        New York, NY 10017

Bankruptcy Case No.: 13-13016

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Stuart M. Bernstein

Debtor's Counsel: Paul H. Aloe, Esq.
                  KUDMAN TRACHTEN ALOE LLP
                  The Empire State Building,
                  350 Fifth Avenue, Suite 4400
                  New York, NY 10118-0110
                  Tel: (212) 868-1010
                  Fax: (212) 868-0013
                  E-mail: paloe@kudmanlaw.com

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

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

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Zviah Eldar, chief executive officer.


ROTHSTEIN ROSENFELDT: TD Bank Settles Charges for $15 Million
-------------------------------------------------------------
Jacqueline Palank, writing for DBR Small Cap, reported that TD
Bank will pay $15 million to settle civil charges that it helped
imprisoned attorney Scott Rothstein carry out his Ponzi scheme.

According to the report, the Securities and Exchange Commission
announced the charges and settlement simultaneously on Sept. 23.
Mr. Rothstein has already pleaded guilty to bilking investors out
of more than $1.2 billion and is currently serving a 50-year
prison sentence.

The report related that SEC alleged that TD Bank and a former
official, Frank Spinosa, defrauded investors by creating
misleading documents and making false statements about the
accounts that Mr. Rothstein, the founder of a South Florida law
firm, held at the bank and used to carry out his Ponzi scheme.

Mr. Spinosa allegedly told investors that TD Bank restricted Mr.
Rothstein's ability to move the funds, when it didn't, and that
certain accounts held millions of dollars when their balances were
actually less than $100 or zero, the report related.

"Financial institutions are key gatekeepers in the transactions
and investments they facilitate and will be held to a high
standard of accountability when their officers enable fraud,"
Andrew J. Ceresney, co-director of the SEC's enforcement division,
said in a statement, the report further related.  "TD Bank through
a regional vice president produced false documents on bank
letterhead and told outright lies to investors, failing in its
gatekeeper role."

                   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.


SAMSON RESOURCES: S&P Lowers CCR to 'B'; Outlook Stable
-------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Tulsa, Okla.-based Samson Resources Corp.
(Samson) to 'B' from 'B+'.  The outlook is stable.

At the same time, S&P is lowering its rating on Samson's second-
lien debt to 'B-' (one notch below the corporate credit rating)
from 'B'.  The recovery rating on this debt remains '5',
indicating S&P's expectation of modest (10% to 30%) recovery in
the event of a payment default.  S&P also lowered its rating on
Samson Investment Co.'s unsecured notes to 'CCC+' (two notches
below the corporate credit rating) from 'B-'.  The recovery rating
on this debt remains '6', indicating S&P's expectation of
negligible (0% to 10%) recovery in the event of a payment default.

Samson Investment Co. is a subsidiary of Samson Resources and a
borrower of these debt instruments.

"The stable outlook reflects our expectation that we are unlikely
either to raise or lower the rating at least over the next 12
months," said Standard & Poor's credit analyst Marc Bromberg.

Under S&P's current assumptions, it forecasts that the company
will maintain run rate leverage in the 4.5x to 5x range, which S&P
considers to be appropriate for the 'B' rating category.  If S&P
foresees that leverage is likely to breach 5x for a sustained
period of time, S&P could lower the rating.  S&P could envision
this scenario if Samson encounters operating setbacks,
specifically lower-than-expected production or higher-than-
projected costs.  A large debt-financed acquisition could also
result in run-rate leverage in excess of 5x.

An upgrade will require run rate leverage below 4x.  S&P believes
Samson will need to improve its profitability measures, which will
require substantial liquids production growth, in order to reduce
leverage meaningfully.


SANTA CRUZ (CA): Moody's Cuts Ratings on Outstanding TABs to Ba2
----------------------------------------------------------------
Moody's Investors Service has downgraded to Ba2 from Ba1 the
rating on the Successor Agency to the Santa Cruz County
Redevelopment Agency's outstanding Tax Allocation Bonds (TABs).
The rating action affects approximately $196 million of
outstanding debt.

Ratings Rationale:

The downgrade to a Ba2 rating is driven by changes to California
law that dissolved redevelopment agencies (RDAs) and changed the
method by which the successors agencies to the RDAs receive
incremental tax revenues to pay debt service on tax allocation
bonds; as a result of these changes, Moody's projects that debt
service coverage net of pass-through payments will remain narrow
on an annual and semi-annual basis.

Other factors affecting the rating downgrade to Ba2 include very
thin debt service coverage ratios; a large and diverse project
area and strong assessed valuation; very little tax payer
concentration; slightly above average socio-economic indicators;
and an average increment assessed valuation (AV) to total AV
ratio.

Strengths

- Large and diverse project area base

- Socio-economic indicators that are stronger than national and
state medians

- Minimal tax base concentration

Challenges

- Narrow semi-annual debt service coverage

What Could Change The Rating Up

- Sizable increase in incremental AV of the project area, leading
to greater debt service coverage in all semi-annual periods

What Could Change The Rating Down

- Material decline in the district's assessed valuation

- Further narrowing of debt service coverage ratios

The principal methodology used in this rating was Moody's Analytic
Approach To Rating California Tax Allocation Bonds published in
December 2003.


SEANERGY MARITIME: Posts $13.7-Mil. Net Loss in First Half 2013
---------------------------------------------------------------
Seanergy Maritime Holdings Corp. on Sept. 25 reported its
financial results for the second quarter and six months ended
June 30, 2013.

Financial Highlights:

Second Quarter 2013

        --  Net revenues of $6.8 million.

        --  Adjusted EBITDA* of negative $1.6 million.  Adjusted
EBITDA excludes the non cash gains from re-measurement of vessel
values and losses incurred on the impairment of vessel values.
Negative EBITDA was $11.3 million.

        --  Adjusted net loss* of $5.1 million.  Adjusted net loss
excludes the aforementioned non cash gains and losses.  Net loss
was $14.8 million.

Six Months 2013

        --  Net revenues of $12.5 million.

        --  Adjusted negative EBITDA* of $2.4 million. Adjusted
negative EBITDA excludes the non cash gains from re-measurement of
vessel values, losses incurred on the impairment of vessel values
and the gain on disposal of subsidiaries. EBITDA was negative $7.4
million.

        --  Adjusted net loss* of $8.7 million.  Adjusted net loss
excludes the aforementioned non cash gains and losses.  Net loss
was $13.7 million.

(*) For more information we refer you to the EBITDA, Adjusted
EBITDA, Net Loss and Adjusted Net Loss reconciliation section
contained in this press release.

Management Discussion:

Stamatis Tsantanis, the Company's Chief Executive Officer, stated:
"During the second quarter of 2013, Seanergy continued the
implementation of its financial restructuring plan that has
managed to significantly reduce its indebtedness since the
beginning of 2012.  We continue our efforts to deliver a viable
financial structure that should position our Company to benefit
from the prospective market recovery.  The sale, during the second
quarter of 2013, of the three Handysize-owning subsidiaries that
resulted in the full satisfaction of the associated loan
facilities, is positive for Seanergy as the Company has currently
one lender.  In addition, the Company expects a non cash gain of
approximately $20 million as a result of the sale of the three
Handysize-owning subsidiaries, which will be reflected in the
third quarter 2013 results.

We presently continue discussions with our remaining lender,
aiming to reach a solution that will enable Seanergy to complete
the restructuring of its outstanding debt."

Christina Anagnostara, the Company's Chief Financial Officer,
stated: "Over the second quarter of 2013, Seanergy's revenues fell
by 62% when compared to the same quarter of 2012.  For the six
month period ended June 30, 2013 revenues declined by 65% compared
to the first half of 2012.

Seanergy's weaker performance during the second quarter of 2013
was mainly a result of a 20% decrease in the average Time Charter
Equivalent ("TCE") rate earned by its vessels, from $8,763 to
$6,992, which reflects weak market conditions.  In addition, the
vessel sales that took place in 2013 have resulted in a reduction
in the average number of vessels owned during the second quarter
to 7.1 from 18.8 in the second quarter of 2012."

Second Quarter 2013 Financial Results:

Net Revenues

Net revenues in the second quarter of 2013 totaled $6.8 million
compared to $18.1 million in the same quarter of 2012, a reduction
of 62%.  Apart from the adverse dry bulk market conditions, the
decrease in net revenues reflects the operation of a smaller fleet
as compared to the second quarter of 2012.  An average 7.1 vessels
were owned in the second quarter of 2013, compared to 18.8 in the
corresponding quarter of 2012.

EBITDA

EBITDA was negative $11.3 million for the second quarter of 2013,
as compared to negative EBITDA of $19.6 million for the second
quarter of 2012.

Adjusted EBITDA was negative $1.6 million for the three months
ended June 30, 2013 as compared to Adjusted EBITDA of $5.4 million
for the three months ended June 30, 2012.

Net Loss

For the second quarter of 2013, net loss amounted to $14.8 million
or $1.23 loss per basic and diluted share, as compared to a net
loss of $28.4 million or $2.37 loss per basic and diluted share in
the same quarter of 2012, based on weighted average common shares
outstanding of 11,958,170 basic and diluted for 2013 and
11,957,064 basic and diluted for 2012.  In the second quarter of
2013 adjusted net loss totaled $5.1 million, compared to $3.3
million in the same quarter of 2012.

Six Months Ended June 30, 2013 Financial Results:

Net Revenues

Net revenues for the first half of 2013 decreased to $12.5 million
from $35.6 million in the same period in 2012, a decrease of 65%.
The decrease in net revenues is due to the reduced size of the
Company's fleet, which resulted in 63% fewer operating days and
the market-induced weakness in the daily rates earned by its
vessels.

EBITDA and Adjusted EBITDA

For the six month period ended June 30, 2013, negative EBITDA
totaled $7.4 million, as compared to negative EBITDA of $17.1
million for the six month period ended June 30, 2012.

Adjusted EBITDA was negative $2.4 million for the first half of
2013 compared to $10.3 million for the first half of 2012.

Net Loss

For the first six months of 2013 net loss was equal to $13.7
million, or $1.15 per basic and diluted share.  This compares to a
net loss of $34.7 million or $2.92 loss per basic and diluted
share, for the first six months of 2012, based on weighted average
common shares outstanding of 11,958,117 basic and diluted for 2013
and 11,880,449 basic and diluted for 2012.  In the first half of
2013 adjusted net loss was equal to $8.7 million, as opposed to
$7.4 million in the same period of 2012.

Second Quarter Developments:

Sale of African Oryx

On April 10, 2013, Seanergy sold the African Oryx, a 24,112 DWT
Handysize vessel built in 1997 for a gross amount of $4.1 million.

Extension Granted to Regain Compliance with Nasdaq Listing Rule
5550 (b) (1)

The Company received a written notification from the Nasdaq
Capital Market, dated May 1, 2013, indicating that the Company was
not in compliance with the requirement to maintain a minimum of
$2.5 million in stockholders' equity for continued listing on the
Capital Market, pursuant to Nasdaq Listing Rule 5550(b)(1).  The
Company reported negative stockholders' equity of $101.6 million
for the fiscal year ended December 31, 2012.  In addition, as of
April 30, 2013, the Company did not meet the alternative standards
for continued listing, including a market value of listed
securities of at least $35 million, pursuant to Nasdaq Listing
Rule 5550(b)(2), or net income from continuing operations of at
least $500,000 in the most recently completed fiscal year or in
two of the last three most recently completed fiscal years,
pursuant to Nasdaq Listing Rule 5550(b)(3).

In order to cure this deficiency, the Company submitted a plan to
Nasdaq to regain compliance.  The plan was accepted by Nasdaq and
the Company was granted a grace period to regain compliance of up
to 180 days, expiring on or before October 28, 2013.  The Company
is currently working on implementing the plan that was submitted
to Nasdaq in order to regain compliance with the continued listing
standards of the Capital Market.

Drydocking and Maintenance

The scheduled survey for the Davakis G. took place from May 30,
2013 to June 14, 2013 at a cost of approximately $0.36 million.

An unscheduled survey for the Hamburg Max took place from May 20,
2013 to May 29, 2013 at a cost of approximately $0.16 million.

The scheduled survey for the Bremen Max took place from July 9,
2013 to August 10, 2013 at a cost of approximately $0.54 million.

Ability to Continue as a Going Concern

Over the past year and as of the date of this press release, the
Company has experienced significant losses and reduction in cash
which has affected its ability to satisfy its obligations due to
shipping sector volatility and economic difficulties.  The Company
has experienced significant reduction in cash flow, as it has had
to re-charter its vessels at low prevailing rates.

As a result of the above, the Company has defaulted under its loan
agreements in respect of certain covenants (including the failure
to make principal and interest payments and the failure to satisfy
financial covenants).  To date, the Company has not obtained
waivers of all these defaults from its remaining lender.  During
the restructuring process, the lender has continued to reserve its
rights in respect of events of default under the loan agreements.
The lender has not exercised its remedies at this time, including
demand for immediate payment.  The lender, however, could change
its position at any time.

While the Company continues to use its best efforts to restructure
the debt of its remaining lender, there can be no assurance that
the negotiations will be successful or that it will obtain waivers
or amendments from its lender.  Failure to obtain such waivers or
amendments could materially and adversely affect the Company's
business and operations.  Furthermore, the impact of the final
terms of any restructuring is uncertain.  Due to the above, the
Company's $173.1 million outstanding debt as of June 30, 2013 is
classified as current.

Subsequent Developments:

Recent Corporate Developments and Management Changes

In furtherance of the Company's plan to reduce its general and
administrative expenses, Dale Ploughman and George Tsimpis have
voluntarily resigned from the Board of Directors, effective
October 1, 2013, and the vacancies created by their resignations
will not be filled for the time being.  Dale Ploughman is also
resigning as Chairman of the Board.  The Board of Directors has
unanimously resolved that Stamatis Tsantanis be appointed as the
Board's new Chairman, effective October 1, 2013.

Effective November 1, 2013, Christina Anagnostara has resigned
from her position as Chief Financial Officer.  Ms. Anagnostara
will remain as a member of the Company's Board of Directors and
will assist the Company in an advisory capacity.

2013 Annual General Meeting

The Company announced on September 10, 2013 the results of its
annual meeting of its shareholders held on Thursday, September 5,
2013 at the Company's executive offices.  At the meeting the
following proposals were approved and adopted: 1) the election of
Mr. Stamatis Tsantanis and Mr. Elias Culucundis, as Class A
Directors to serve until the 2016 Annual Meeting of Shareholders
and 2) the appointment of Ernst & Young (Hellas) Certified
Auditors Accountants S.A. as the Company's Independent Registered
Public Accounting Firm for the fiscal year ending December 31,
2013.

Sale of Subsidiaries in Full Satisfaction of UOB Loan

On July 19, 2013, Seanergy's subsidiary, Maritime Capital Shipping
Limited ("MCS"), finalized the agreement with its lender, United
Overseas Bank, for the sale of three vessel owning subsidiaries
that own the Handysize vessels African Joy, African Glory and
Asian Grace, in exchange for a nominal cash consideration and full
satisfaction of the underlying loan.

As of July 19, 2013, in exchange for the sale, approximately $39.5
million of outstanding debt, accrued interest and swap liabilities
were discharged and the guarantee provided by MCS was fully
released.  In connection with the sale of the subsidiaries, the
Company's Board of Directors obtained a fairness opinion from an
independent third party to the effect that the transaction was
fair from a financial point of view to Seanergy's shareholders.
The Company also expects a non cash gain of approximately $20
million as a result of the transaction that will be reflected in
the third quarter of 2013.

                           About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

In its audit report on the consolidated financial statements for
the year ended Dec. 31, 2012, Ernst & Young (Hellas) Certified
Auditors Accountants S.A., in Athens, Greece, expressed
substantial doubt about Seanergy Maritime's ability to continue
as a going concern.  The independent auditors noted that the
Company has not complied with the principal and interest
repayment schedule and with certain covenants of its loan
agreements, which in turn gives the lenders the right to call the
debt.  "In addition, the Company has a working capital deficit,
recurring losses from operations, accumulated deficit and
inability to generate sufficient cash flow to meet its
obligations and sustain its operations."

The Company reported a net loss of US$193.8 million on US$55.6
million of net vessel revenue in 2012, compared with a net loss
of US$197.8 million on US$104.1 million of net vessel revenue in
2011.  As of March 31, 2013, the Company had US$93.01 million in
total assets, US$193.56 million in total liabilities and a
US$100.54 million total deficit.


SEQUENOM INC: Engages Jefferies to Review Business Unit
-------------------------------------------------------
Sequenom, Inc.' Board of Directors has authorized a review of
potential strategic alternatives for its Genetic Analysis business
segment.  The review will include evaluation of a full range of
potential strategic alternatives for the Genetic Analysis business
segment.  Sequenom has retained Jefferies LLC as its financial
advisor to assist in the evaluation of alternatives.

Sequenom has not made a decision to enter into any transaction at
this time, and there can be no assurance that Sequenom will enter
into such a transaction in the future.  The Company does not plan
to disclose or comment on developments regarding the strategic
alternatives review process until further disclosure is deemed
appropriate.

                           About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

Sequenom disclosed a net loss of $117.02 million in 2012, a net
loss of $74.13 million in 2011 and a net loss of $120.84 million
in 2010.  As of June 30, 2013, the Company had $192.76 million in
total assets, $199.14 million in total liabilities and a $6.38
million total stockholders' deficit.


SLF INVESTMENT: Case Summary & 11 Unsecured Creditors
-----------------------------------------------------
Debtor: SLF Investment Trust
        610 Newport Center Drive, Suite 620
        Newport Beach, Ca 92660

Bankruptcy Case No.: 13-17762

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Erithe A. Smith

Debtor's Counsel: John Saba, Esq.
                  LAW OFFICE OF JOHN SABA
                  610 Newport Ctr Dr Ste 620
                  Newport Beach, CA 92660
                  Tel: (949) 720-1149
                  Fax: (949) 720-8105
                  E-mail: jsbklaw@gmail.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 11 unsecured creditors, filed
together with the petition, is available for free at
http://bankrupt.com/misc/cacb13-17762.pdf

The petition was signed by Gregory Grantham, trustee.


STELLAR BIOTECHNOLOGIES: Closes $12MM Private Placement Financing
-----------------------------------------------------------------
Stellar Biotechnologies, Inc., closed its private placement
raising total gross proceeds of US$12,000,000.  The proceeds of
the Private Placement will be used for product research,
aquaculture and KLH production development, capital expenditures
and working capital.

"We are very gratified by the successful and strong closing of
this offering.  With a sound balance sheet, validation from
industry investment, and continued support from Stellar's major
shareholders, we can execute our expansion plans with confidence,"
said Frank Oakes, Stellar president and CEO.  "Our team is eager
to capitalize on the broadened recognition for Stellar's
immunotherapy research and KLH leadership, and turn each strategic
initiative into long-term shareholder value."

In connection with the Private Placement, the Company issued a
total of 11,428,570 units for total gross proceeds of
US$12,000,000, completed in two closings ($10 Million in gross
proceeds announced Sept. 10, 2013, and an additional $2 Million in
gross proceeds announced.  The Private Placement included a
brokered portion sold to institutional and accredited investors
totaling US$5,000,000 (4,761,903 Units) and a non-brokered portion
totaling US$7,000,000 (6,666,667 Units).

The Non-Brokered Offering included a US$5,000,000 investment by
Amaran Biotechnology, Inc., a privately-held Taiwan biotech
company and biopharmaceuticals contract manufacturer.

Each Unit, sold for US$1.05, comprises one share of Stellar's
common stock and one half of a share purchase warrant.  Each
Warrant entitles the holder to purchase one additional share of
Stellar's common stock at a purchase price of US$1.35 for a period
of three years from the issuance date of the Warrants.

Newport Coast Securities, Inc., an SEC registered broker-dealer
and FINRA member firm, served as exclusive placement agent on
behalf of the Company for the Brokered Offering and received a
commission totaling US$346,325 and 333,333 placement agent
warrants.  Each Agent Warrant entitles the holder to purchase one
additional share of Stellar's common stock at a purchase price of
US$1.05 for a period of three years from the issuance date of the
Agent Warrants.

Subject to additional requirements imposed by the US Securities
Act requiring longer hold-periods on certain of the securities for
resale by US subscribers in the US market and a lock-up agreement
with certain holders of the securities, the securities issued in
the Initial Closing (2,857,143 Brokered Offering Units, 6,666,667
Non-Brokered Offering Units, and 200,000 Agent Warrants) are
subject to a hold period expiring January 10, 2014 and the
securities issued in the Final Closing (1,904,760 Brokered
Offering Units and 133,333 Agent Warrants) are subject to a hold
period expiring Jan. 21, 2014.

                           About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

The Company's balance sheet at March 31, 2013, showed
US$1.4 million in total assets, US$4.6 million in total
liabilities, and a stockholders' deficit of US$3.2 million.
The Company reported a net loss of US$4.4 million on US$177,208 of
revenues for the six months ended Feb. 28, 2013, compared with a
net loss of US$2.1 million  on US$193,607 of revenues for the six
months ended Feb. 29, 2012.


SUK CHA MASON: Case Summary & 2 Unsecured Creditors
---------------------------------------------------
Debtor: Suk Cha Mason Rentals, LLC
        204 Spanish Oaks
        Harker Heights, TX 76548

Bankruptcy Case No.: 13-60838

Chapter 11 Petition Date: September 17, 2013

Court: United States Bankruptcy Court
       Western District of Texas (Waco)

Judge: Ronald B. King

Debtor's Counsel: Gregory W. Mitchell, Esq.
                  THE MITCHELL LAW FIRM, L.P.
                  8140 Walnut Hill Lane, Suite 301
                  Dallas, TX 75231
                  Tel: (972) 463-8417
                  Fax: (972) 432-7540
                  E-mail: greg@mitchellps.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 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txwb13-60838.pdf

The petition was signed by Angela Mason-Coddington, member.

Affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Angela Mason-Coddington                13-60812   09/03/13


TITAN INT'L: Moody's Assigns B1 Rating to $400MM Notes Offer
------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Titan
International, Inc.'s proposed offering of $400 million senior
secured notes due 2020. Net proceeds from this offering and
balance sheet cash will be used to tender for the company's 7.875%
senior secured notes due 2017. Concurrently, all ratings were
affirmed including Titan's B1 Corporate Family Rating and SGL-2
Speculative Grade Liquidity rating. Titan's ratings outlook
remains stable.

The proposed transaction would favorably lower annual interest
expense by roughly $10 million on an annual basis assuming all of
the 2017 notes are tendered. In addition, the proposed notes would
further lengthen the company's debt maturity profile on its senior
secured notes to 2020 from 2017. In Moody's view this would have a
positive impact on credit metrics and liquidity, partially
offsetting some of the meaningful pressure on EBITDA margins
largely arising from the incorporation of the Titan Europe
business acquired late last year. The proposed senior secured
notes are rated in line with Titan's B1 CFR largely due to the
company's secured notes comprising the majority of its debt
structure.

Ratings assigned:

$400 million senior secured notes due 2020, at B1 (LGD-3, 48%)

Ratings affirmed:

Corporate Family Rating, at B1

Probability of Default Rating, at B1-PD

$525 million Senior Secured Notes due 2017, at B1 (LGD-4, 50%)*

Speculative grade liquidity rating, at SGL-2

* The rating on the existing secured notes would be withdrawn upon
repayment of the notes

Outlook, Stable:

The assigned ratings are subject to Moody's review of the final
terms and conditions of the proposed transaction.

Ratings Rationale:

Titan's B1 CFR continues to reflect credit metrics that are strong
for the rating category, partially mitigating the highly cyclical
nature of the company's business segments, lower EBITDA margins
from recent foreign acquisitions and its aggressive acquisition
strategy. Credit metrics have benefited from strong performance in
the company's primary agricultural segment. Moody's believes that
the company's credit profile can withstand a moderate degree of
earnings volatility as well as moderate leverage increase
emanating from recent and potential future acquisitions. Factors
that could result in a weakening of credit metrics over the
intermediate term include integration risk from the rapid increase
in foreign-based acquisitions, particularly in Europe where
macroeconomic conditions remain weak, and the high likelihood that
additional acquisitions could result in higher debt-levels.
Partially mitigating this concern is the continued healthy U.S.
farm income levels supporting the company's agricultural business
domestically and the larger scale/diversity obtained from the
company's wider global footprint.

The short-term liquidity rating was affirmed at SGL-2 reflecting a
good liquidity profile. Titan's liquidity profile is characterized
by ample cash balances, no meaningful near-term debt maturities
and full access to its $150 million asset-based credit facility
(unrated). It also reflects interest expense obligations
associated with its $600 million of balance sheet debt (pro forma
for the proposed transaction) that includes foreign debt largely
raised as a function of the company's increased operations in
foreign countries. In addition, capital expenditure requirements
in a capital intensive industry and need to fund continued growth
have also been considered.

The stable outlook reflects Moody's expectation that credit
metrics could weaken over the next 12 to 18 months as additional
debt is incurred to finance acquisitions. Nevertheless, Moody's
expects the company to maintain a good liquidity profile and
credit metrics in line with the B1 CFR.

The ratings could be downgraded if the company's liquidity or
operating performance substantially deteriorates and/or the
company shifts to a less conservative financial policy including
completing meaningful debt-financed acquisitions such that total
debt/EBITDA is expected to be sustained at over 4.5 times or
EBITDA/interest at about 2.0 times.

The ratings could be upgraded if the company demonstrates the
ability to effectively integrate recent and planned acquisitions
and if Moody's comes to expect that debt/EBITDA will be maintained
below 3.0 times and free cash flow to debt above 8% through
economic cycles.

The principal methodology used in this rating was the Global Heavy
Manufacturing Rating Methodology published in November 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.

Titan, headquartered in Quincy, IL is a manufacturer of wheels,
tires and assemblies for off-highway vehicles serving the
agricultural, earthmoving/construction and consumer end markets.
Last twelve months ended June 30, 2013 revenues totaled $2.1
billion. Pro forma for recent acquisitions, revenues approximate
$2.3 billion.


TITAN INT'L: S&P Assigns 'B+' Rating to $400MM Sr. Notes
--------------------------------------------------------
Standard & Poor's Ratings Services said that it has assigned its
'B+' issue-level rating and '3' recovery rating to Titan
International Inc.'s proposed $400 million senior secured notes
due 2020.  The recovery rating indicates S&P's expectation for
meaningful (50%-70%) recovery for lenders in the event of a
payment default.  Standard & Poor's also said that it has affirmed
its 'B+' corporate credit rating on Titan.  The outlook remains
stable.

The rating on Titan reflects S&P's assessment of the company's
"weak" business risk profile and "aggressive" financial risk
profile.  S&P views Titan's management and governance as "fair."

The outlook is stable.  "We expect Titan's credit measures to
continue to modestly exceed our expectations for the rating,
providing some cushion if demand for agricultural and construction
equipment declines further than we expect," said Standard & Poor's
credit analyst Svetlana Olsha.

S&P could raise the rating if the company appears likely to
maintain or improve its credit measures and if it adheres to a
financial policy that could support a higher rating.
Specifically, S&P could raise the rating by one notch if Titan's
profit trends improve in 2014 and if it expects the company to
maintain leverage below 4x, taking into account the highly
cyclical nature of its operations.

S&P could lower the rating if a meaningful reversal in the
economic recovery erodes the company's operating performance more
than S&P expects, or if Titan pursues large, debt-financed
acquisitions.  If, in these instances, S&P expects leverage could
likely exceed 5x for an extended period, it could lower the
rating.


TRANSTAR HOLDING: Weak Sales Trigger Moody's Negative Outlook
-------------------------------------------------------------
Moody's Investors Service changed Transtar Holding Company's
ratings outlook to negative from stable and affirmed all other
ratings, including the B2 Corporate Family Rating.

The following ratings were affirmed:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

First lien revolving credit facility expiring 2017 at B1 (LGD 3,
36%)

First lien term loan expiring 2018 at B1 (LGD 3, 36%)

Second lien term loan due 2019 at Caa1 (LGD 5, 87%)

Ratings Rationale:

The change in outlook to negative from stable reflects Transtar's
weaker than expected sales performance and decline in EBITDA,
which has resulted in debt protection metrics that have fallen
below previous expectations. Weak consumer spending, higher
gasoline prices, increased purchases of new cars, and a consumer
shift toward channels where Transtar is underpenetrated may be
contributing factors to the decline in sales, which could make it
difficult to materially improve debt protection metrics over the
near-to-intermediate-term.

Transtar's B2 Corporate Family Rating reflects its high debt and
leverage stemming and aggressive financial policy, evidenced by
the largely debt-financed acquisition of the company by Friedman
Fleischer & Lowe, LLC ("FFL") in December 2010 and $91 million
debt-financed dividend in September 2012. As a result of weaker-
than-expected sales and EBITDA over the past year, lease-adjusted
Debt/EBITDA for the twelve months ended June 30, 2013 remained
high, approaching 6.5 times. While Transtar has significant scale
in the highly fragmented automotive aftermarket driveline parts
and components industry, the rating is constrained by its modest
size compared to the broader automotive replacement part
supplier/retailer peer group.

Transtar's rating is supported by the relatively stable demand for
automotive aftermarket driveline parts and components. Longer-term
industry fundamentals are favorable due to the increasing number
of vehicles on the road, the higher number of miles driven, and
increasing vehicle age. All of these factors have caused a steady
increase in transmission repair and replacement volume over the
past ten years. Although sometimes deferrable, replacement of
these components is often non-discretionary. The rating is also
supported by the company's national footprint, diverse customer
base, and broad transmission part and component offering. When
coupled with ongoing cost management, these factors enable the
company to leverage costs over higher volume than many
competitors, driving high margins for a distribution company.

Transtar's liquidity is good, providing significant support for
the rating at this time. Balance sheet cash and positive free cash
flow generation is expected fund cash needs over the next twelve
months, while cushion under financial covenants is expected to
remain ample.

A ratings downgrade could occur if revenue and EBITDA declines
persist over the near term, or if financial policies remain
aggressive (such as for dividends or large acquisitions), leading
to further deterioration in debt protection metrics or liquidity.
Specific metrics include lease adjusted debt/EBITDA sustained
above 6.5 times or EBITDA-Capex/Interest approaches 1.25 times.

Given the negative ratings outlook, a ratings upgrade is unlikely
over the near-to-intermediate term. For the outlook to return to
stable, the company would need to demonstrate that revenue and
EBITDA declines have ceased, credit metrics will begin to improve,
and that liquidity will remain good. Quantitative metrics include
debt/EBITDA sustained under 6.5 times and EBITDA-Capex/interest
over 1.5 times.

Transtar Holding Company is a distributor of automotive
aftermarket driveline replacement parts, kits and components sold
to the transmission repair and remanufacturing market. The company
also supplies autobody refinishing products to professional
aftermarket automotive refinishers and autobody repair shops. Net
revenue for the latest twelve month period ended June 30, 2013
approached $500 million.

The principal methodology used in this rating was the Global
Distribution & Supply Chain Services Industry Methodology
published in November 2011. Other methodologies used include Loss
Given Default for Speculative-Grade Non-Financial Companies in the
U.S., Canada and EMEA published in June 2009.


USA BROADMOOR: Oct. 3 Final Evidentiary Hearing to Confirm Plan
---------------------------------------------------------------
The Bankruptcy Court scheduled Oct. 3, 2013, at 9:30 a.m., as the
final evidentiary hearing on the confirmation of USA Broadmoor,
LLC's Chapter 11 Plan.

As reported in the Troubled Company Reporter on Sept. 5, 2013,
Wells Fargo Bank Minnesota, N.A., as trustee for the Registered
Holders of GMAC Commercial Mortgage Securities Inc., Mortgage
Pass-Through Certificates, Series 2002-C3, by and through its
Special Servicer CWCapital Asset Management LLC, initially
objected to confirmation of the Plan of Reorganization for USA
Broadmoor, LLC.

According to Wells Fargo, confirmation of the Debtor's Plan must
be denied because, among other things:

   1. the Plan denies the Trust the postpetition interest and
      costs to which it is entitled;

   2. reduces the interest rate of the loan to an unwarranted,
      below-market rate, effectively subordinates the Trust's
      secured claim to the interests of the Debtor's equity holder
      by converting the loan to a four-year interest-only loan;
      and

   3. provides for improper non-debtor affiliate releases and
      injunctions.

Wells Fargo also said the Disclosure Statement must not be
approved because it fails to contain adequate information and
describes a patently unconfirmable Plan.

On July 19, the Court conditionally approved the Disclosure
Statement.

As reported in the Troubled Company Reporter on July 26, 2013, the
Plan contemplates the continued operation of the Debtor.  The Plan
provides for the classification and treatment of claims against
and interest in the Debtor.  Claim 1 Priority Claims will be
paid in full.  Claim 2 Wells Fargo Secured Claim will have a
$12 million unpaid principal balance of the Note on the Plan
Effective Date.  Interest will accrue on the Principal Balance
outstanding at the rate of 175 basis points of the 10-year
treasury rate until the earlier of four years after the Plan
Effective Date.

As to Claim 3 Guardian Secured Claim, Class 4 Challenger Pools
Secured Claim, Claim 5 All Saints Secured Claim, and Class 6
Superior Seal Secured Claim, the Debtor will make installment
payments for 48 months.  As to Class 7 Other Secured Claims, the
Debtor will surrender to all Class 7 Claimholders all Collateral
securing all Class 7 Claims in full satisfaction of those Claims.

The Reorganized Debtor will pay, in four successive years, 10% of
Allowed Class 8 Unsecured Claims.  It will pay the balance of the
Allowed Class 8 Claims by the Maturity Date.  Holders of Allowed
Class 9 Membership Interests will retain their Membership
Interests.

A copy of the Disclosure Statement dated July 9, 2013 is available
for free at http://bankrupt.com/misc/USABROADMOOR_DSJul9.pdf

Hugh L. Caraway, Jr., the Debtor's chief executive officer, signed
the Plan.

                      About USA Broadmoor

USA Broadmoor, LLC, filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 13-04880) on April 16, 2013.  The petition was signed by
Hugh L. Caraway, chief executive officer of Internacional Realty,
Inc., member.  The Debtor estimated assets and debts of at least
$10 million, respectively.  Judge Michael G. Williamson presides
over the case.  The Debtor is represented by Scott A. Stichter,
Esq., at Stichter, Riedel, Blain & Prosser, P.A., as counsel.

The Debtor disclosed $11,117,091 in assets and $11,121,374 in
liabilities as of the Chapter 11 filing.


VWP INC: Voluntary Chapter 11 Case Summary
------------------------------------------
Debtor: VWP, Inc.
        102 Depot St.
        Fleischmanns, NY 12430

Bankruptcy Case No.: 13-61542

Chapter 11 Petition Date: September 19, 2013

Court: United States Bankruptcy Court
       Northern District of New York (Utica)

Debtor's Counsel: Peter A. Orville, Esq.
                  PETER A. ORVILLE, P.C.
                  30 Riverside Drive
                  Binghamton, NY 13905
                  Tel: (607) 770-1007
                  Fax: (607) 770-1110
                  E-mail: sheila_desantis@stny.twcbc.com

Scheduled Assets: $1,623,680

Scheduled Liabilities: $1,085,376

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by William Hrazanek, president.


W.B. CARE CENTER: Former Member Barred From Suing Accountants
-------------------------------------------------------------
Bankruptcy Judge John K. Olson ruled that Timothy Patrick Reardon
is prohibited from filing further proceedings against Marcum LLP
d/b/a MarcumRachlin or against its partner John L. Heller, CPA, in
any court or other forum seeking relief of any sort whatsoever
arising out of the bankruptcy case of W.B. Care Center, LLC.

In an Aug. 29, 2013 Order available at http://is.gd/6M2GMifrom
Leagle.com, Judge Olson said the relief sought by Mr. Reardon in
his Motion to Sue is in direct contravention of the broad,
sweeping release granted to Marcum and Heller in final court
orders -- relief structured with Reardon's vexatious litigation
practices in mind.  "Such litigation would be expensive and
pointless, and cannot be allowed," the judge said.

W.B. Care Center, LLC, d/b/a West Broward Care Center, filed a
voluntary Chapter 11 petition on August 5, 2009 (Bankr. S.D. Fla.,
Case No. 09-26196-BKC-JKO).  Timothy Reardon signed the petition
as Managing Member of the Debtor.  The Debtor operated a nursing
home in Broward County, Florida, and Mr. Reardon was its duly-
licensed administrator.  The case was converted into a Chapter 7
proceeding in August 2010, following the sale of the nursing home.
Kenneth A. Welt was appointed as Chapter 7 trustee.  Heller and
Marcum were retained as accountants of the Debtor.


W.R. GRACE: To Release Third Quarter 2013 Results on Oct. 23
------------------------------------------------------------
W. R. Grace & Co. on Sept. 25 disclosed that it will release its
third quarter 2013 financial results at 6:00 a.m. ET on Wednesday,
October 23, 2013.  A company-hosted conference call and webcast
will follow at 11:00 a.m. ET that day.

During the call, Fred Festa, Chairman and Chief Executive Officer,
and Hudson La Force, Senior Vice President and Chief Financial
Officer, will discuss the third quarter results and provide
commentary on business performance.  A question and answer session
with analysts will follow the prepared remarks.

Access to the live webcast and the accompanying slides will be
available through the Investor Information section of the
company's web site, www.grace.com.  Those without access to the
Internet can participate by dialing +1 866.318.8613 (U.S.) or +1
617.399.5132 (International).  The participant passcode is
48602075. Investors are advised to dial into the call at least 10
minutes early in order to register.

An audio replay will be available at 3:00 p.m. ET on October 23.
The replay will be accessible by dialing +1 888.286.8010 (U.S.) or
+1 617.801.6888 (International) and entering the participant
passcode 35665925.  The replay will be available for one week.

                        About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.  Grace employs
approximately 6,500 people in over 40 countries and had 2012 net
sales of $3.2 billion.

The company and its debtor-affiliates filed for chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring efforts.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.

Stroock & Stroock & Lavan, LLP, and Duane Morris, LLP, represent
the Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.

Roger Frankel serves as legal representative for victims of
asbestos exposure who may file claims against W.R. Grace.  Mr.
Frankel, a partner at Orrick Herrington & Sutcliffe LLP, replaces
David Austern, who was appointed to that role in 2004.  Mr.
Frankel has served as legal counsel for Mr. Austern who passed
away in May 2013.  The FCR is represented by Orrick Herrington &
Sutcliffe LLP as counsel; Phillips Goldman & Spence, P.A., as
Delaware co-counsel; and Lincoln Partners Advisors LLC as
financial adviser.

Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace obtained confirmation of a plan co-proposed with the
Official Committee of Asbestos Personal Injury Claimants, the
Official Committee of Equity Security Holders, and the Asbestos
Future Claimants Representative.   The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  Implementation of the Plan has
been held up by appeals in District Court from various parties,
including a group of prepetition bank lenders and the Official
Committee of Unsecured Creditors.

District Judge Ronald Buckwalter on Jan. 31, 2012, entered an
order affirming the bankruptcy court's confirmation of the Plan.
Bankruptcy Judge Judith Fitzgerald had approved the Plan on
Jan. 31, 2011.

The plan can't be implemented because pre-bankruptcy secured bank
lenders filed an appeal currently pending in the U.S. Court of
Appeals in Philadelphia.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates. (http://bankrupt.com/newsstand/or 215/945-7000).


WENTWOOD BAYTOWN: To Fund Plan Payments From New Equity
-------------------------------------------------------
Wentwood Baytown, L.P., filed with the U.S. Bankruptcy Court for
the Southern District of Texas a Third Modified Plan of
Reorganization on Sept. 19.

According to the Third Modified Plan, the Debtor is in the process
of arranging to fund 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.  The funds necessary for the satisfaction of the
creditors' claims are to be generated, basically, as:

         New Equity Contribution                 $991,202
         Insurance Premium Refund                 $70,000
         Lender Held Hurricane Funds             $138,492
         ---------------------------             --------
         Total Sources of Funds:               $1,199,694

A copy of the Third Amended Plan is available for free at
http://bankrupt.com/misc/WENTWOOD_BAYTOWN_plan_modified.pdf

                 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.


WESTINGHOUSE SOLAR: Now Known as "Andalay Solar, Inc."
------------------------------------------------------
Westinghouse Solar, on Sept. 19, 2013, filed an amendment to its
Certificate of Incorporation to effectuate a change in the
Company's name from "Westinghouse Solar, Inc." to "Andalay Solar,
Inc."

On Sept. 20, 2013, the Company filed a Correction to the amendment
to the Certificate of Incorporation to effectuate an increase in
its number of authorized shares of Common Stock from 100 million
to 500 million as the request to increase the number of authorized
shares was inadvertently omitted from the Sept. 19, 2013,
amendment to the Certificate of Incorporation.

                        About Westinghouse

Campbell, Cal.-based Westinghouse Solar, Inc., is a designer and
manufacturer of solar power systems and solar panels with
integrated microinverters.  The Company designs, markets and sells
these solar power systems to solar installers, trade workers and
do-it-yourself customers in the United States and Canada through
distribution partnerships, the Company's dealer network and retail
outlets.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012, citing significant
operating losses and negative cash flow from operations that raise
substantial doubt about its ability to continue as a going
concern.

Westinghouse Solar disclosed a net loss of $8.62 million on
$5.22 million of net revenue in 2012, as compared with a net loss
of $4.63 million on $11.42 million of net revenue in 2011.

As of June 30, 2013, the Company had $3.04 million in total
assets, $5.30 million in total liabilities, $247,761 in series C
convertible redeemable preferred stock, $545,000 in series D
convertible redeemable preferred stock, and a $3.05 million total
stockholders' deficit.


WVSV HOLDINGS: WVV Says to 10K's Plan 'Patently Unconfirmable'
--------------------------------------------------------------
West Valley Ventures, LLC ("WVV"), the majority interest holder of
debtor WVSV Holdings, LLC, objects to the approval of the
Disclosure Statement in Support of Creditor 10K, LLC's First
Amended Plan of Reorganization for WVSV Holdings.

WVV says that that the Creditor's First Amended Plan is patently
unconfirmable and contains no liquidation analysis or other
information concerning the value of the real property that is to
be sold or transferred to 10K, LLC.

WVV cites:

1. 10K's Plan is unconfirmable on its face because it does not
provide the interest holders with anything approaching the
liquidation value of their interests, and it discriminates
unfairly against them.  Thus, it violates 11 U.S.C. Sections
1129(a)(7).  It also violates 11 U.S.C. Sections 1129(b)(1), which
provides that a plan that has not been accepted by all impaired
classes cannot be confirmed if it discriminates unfairly against
an impaired class.

2. 10K's Disclosure Statement does not contain a liquidation
analysis or any other discussion of the value of Debtor's
property, as required by applicable case law.  Instead, 10K offers
only the glib statement that it ". . . believes that the
distributions to creditors under the Plan will exceed the
recoveries which creditors would receive in Chapter 7 liquidation
of the estates [sic]."  This would be insufficient as a
liquidation analysis even if it addressed the potential
distribution to interest holders through a Chapter 7 liquidation,
as required by applicable law.

Debtor's Limited Objection

Debtor W.V.S.V. Holdings LLC filed this limited objection to the
approval of the disclosure statement filed by 10K, LLC, citing:

1. 10K's Plan is premised in large part on an acquisition of
certain portions of the real estate which is part of this
Bankruptcy Estate.  10K has not provided the Debtor, creditors
and/or parties-in-interest with any information demonstrating that
10K has the ability to satisfy its financial obligations.  Until
such time as that information is provided, the Debtor and
creditors lack sufficient knowledge to take a position on whether
10K does, in fact, have the ability to meet the economic
commitments set forth in its Plan.

2. There are a myriad of issues regarding the lack of
confirmability of 10K's Plan.  The Debtor reserves the right to
file confirmation objections at an appropriate time.

As reported in the Troubled Company Reporter on Sept. 2, 2013,
10K, LLC, a secured creditor of the Debtor, filed a revised rival
plan of reorganization for the Debtor and accompanying disclosure
statement.

10K's Plan proposes two options:

     Option A -- The Plan will be funded by the Bankruptcy
                 Estate's sale of 855 acres of Tract A to 10K
                 for the purchase price of $8,551,000; and

     Option B -- 10K's Class 2 judgment claim, Class 4 secured
                 claim, Class 6 litigation claim, and Class 7
                 administrative claim against the Bankruptcy
                 Estate will be deemed satisfied by the transfer
                 to 10K of all of the Bankruptcy Estate's right,
                 title, and interests, both legal and equitable,
                 in and to all real property, personal property,
                 and contract rights.

The Creditor's Amended Plan will not impair KPHV's secured
claim and will pay the allowed amount of the claim in full from
cash on hand of the bankruptcy estate.

10K LLC's judgment claim will be deemed satisfied by a credit
against the purchase price to be paid by 10K as part of the sale.

A full-text copy of the Disclosure Statement, explaining the 10K
Creditor's Amended Plan, dated Aug. 27, 2013, is available for
free at http://bankrupt.com/misc/WVSV10kds0827.pdf

The Bankruptcy Court will convene a hearing on Sept. 30, 2013, at
1:45 p.m., to consider the adequacy of information contained in
the Disclosure Statement explaining the proposed Chapter 11 Plan
of WVSV Holdings, L.L.C.; and the adequacy of the information
contained in the Disclosure Statement explaining the proposed
Chapter 11 Plan for the Debtor filed by 10K, LLC, a secured
creditor.

                        About WVSV Holdings

W.V.S.V. Holdings LLC, the owner of about 13,000 acres of vacant
land in Buckeye, Arizona, filed a petition for Chapter 11
protection (Bankr. D. Ariz. Case No. 12-10598) on May 14, 2012, in
Phoenix.  The Debtor claims that the three tracts of land planned
for "future development" are worth $120 million and secure $57.3
million in debt.  The Debtor scheduled $120.04 million in assets
and $57.35 million in liabilities.

West Valley Ventures, LLC, owns 75% of the Debtor, and Breycliffe,
LLC, owns the remaining 25%.

Judge Redfield T. Baum, Sr., presides over the case.  Michael W.
Carmel, Esq., serves as the Debtor's counsel.  The petition was
signed by Lee Allen Johnson, manager of West Valley Ventures,
manager.

The U.S. Trustee has not appointed an official committee of
unsecured creditors in the Debtor's case because an insufficient
number of persons holding unsecured claims against the Debtor have
expressed interest in serving on a committee.  The U.S. Trustee
reserves the right to appoint the committee should interest
develop among the creditors.


* Automakers' Lending Practices Probed by U.S. for Bias
-------------------------------------------------------
Carter Dougherty, writing for Bloomberg News, reported that the
Consumer Financial Protection Bureau and the Department of Justice
are examining the lending operations of major auto manufacturers
for possible discrimination in lending, according to regulatory
filings and three people briefed on the inquiry.

According to the report, Toyota Motor Credit Corp., a financing
arm of Japan's Toyota Motor Corp., said in a Sept. 13 regulatory
filing that the CFPB and Justice sought information from it "and
other auto finance providers" about pricing practices for loans
that the company funds for auto dealers.

If the agencies find that Toyota violated the Equal Credit
Opportunity Act, a 1974 law barring discrimination in lending, the
company could face unspecified legal action, it said, the report
related.

American Honda Finance Corp., a unit of Honda Motor Co. Ltd,
reported the same request, and added that enforcement action is
possible, the report said.  "Although neither the CFPB nor the
U.S. Department of Justice has alleged any wrongdoing on our part,
we cannot predict the outcome of the inquiry," Honda said in an
Aug. 19 regulatory filing.

As many as five other auto lenders affiliated with manufacturers
have received similar requests for data that may be related to the
borrowers' racial background, according to the people, who spoke
on condition of anonymity, the report added.


* Swipe-Fee Judge Leaves Rules in Place Pending Appeal
------------------------------------------------------
Tom Schoenberg & Sara Forden, writing for Bloomberg News, reported
that the U.S. Federal Reserve's rules for debit-card transaction
fees and processing will remain in place while the central bank
appeals a decision throwing out the regulations, a judge said.

According to the report, both the Fed and retailers had asked the
federal judge in Washington to keep the current rules in place
pending the appeal.

"Upon consideration of those pleadings, oral arguments and the
entire record, I conclude that the stay should remain in place
while our Circuit Court reviews my decision," U.S. District Judge
Richard Leon wrote in the ruling entered on Sept. 20, the report
related.

Merchants "vastly prefer the status quo" to the "unregulated 'free
for all' which would likely subject merchants to interchange fees
well in excess of the Fed's current standard," lawyers for retail
interests said in court filings Aug. 28, the report further
related.

The merchants' filing was in support of the Fed's Aug. 26 request
that the rules be left in place pending the central bank's appeal,
the report added.

The case is NACS v. Board of Governors of the Federal Reserve
System, 11-cv-02075, U.S. District Court, District of Columbia
(Washington).


* 9th Cir. Appoints Corbit as E.D. Washington Bankruptcy Judge
--------------------------------------------------------------
The Ninth Circuit Court of Appeals appointed Bankruptcy Judge
Frederick P. Corbit, to a fourteen-year term of office in the
Eastern District of Washington, effective September 19, 2013
(vice, Williams, recalled).

          Honorable Frederick P. Corbit
          Federal Building and U.S. Post Office
          904 West Riverside Avenue, Suite 324
          Spokane, WA 99201
          Telephone: 509-458-5345

          Mailing Address:

          Post Office Box 2164
          Spokane, WA 99210-2164

          Dee Sindlinger
          Judicial Assistant
          Telephone: 509-458-5340
          Fax: 509-458-2450

          Term expiration: September 18, 2027


* Cash Flow Seen as Biggest Challenge for Businesses This Year
--------------------------------------------------------------
Businesses in the Americas express concern about maintaining
adequate cash flow levels this year, and consider this one of the
biggest challenges they will be facing.  These opinions are
consistent with those of businesses in Europe.  In Canada and the
U.S., foreign B2B receivables represent a greater threat while in
Mexico and Brazil domestic B2B receivables are of more concern.

The September 2013 Atradius Payment Practices Barometer, a survey
of B2B suppliers of products and services in Brazil, Canada,
Mexico and the U.S., highlights that, despite modest economic
improvement, generating and maintaining sufficient cash flow
remains a priority.  Insolvency trends, slow sales growth,
financing and payment defaults all contribute to the challenge.

For respondents in Canada and the U.S., foreign B2B receivables
represent a greater threat than domestic B2B receivables.  In the
U.S. 6.7% of foreign and 4.5% of domestic receivables were written
off as uncollectable.  In Canada 5.9% of foreign and 4.3% of
domestic receivables went uncollected.  In Mexico and Brazil
domestic receivables are a bigger issue for survey respondents.
In Mexico, 6.4% of domestic B2B receivables went uncollected
versus 5.5% of foreign receivables; in Brazil 7.7% of domestic and
7.3% of foreign B2B receivables were uncollectable.

Compared to businesses in Europe, collection of foreign
receivables is consistently a greater challenge for business
respondents in the Americas.  Whether due to inexperience in
exporting, inconsistent payment practices, language or cultural
barriers, or less use of external credit management resources such
as credit insurance, international collections or credit
information services, businesses in the Americas seem to struggle
more with foreign invoice collections.

Slow paying customers are also resulting in long DSO (Days Sales
Outstanding)

This is also likely to have a negative impact on cash flow. The
average DSO of survey respondents, (58 days), is almost twice the
average payment term of 31 days.  Brazil has the highest average
DSO (86 days) and the U.S. the lowest (41 days). (Canada 51 days,
Mexico 55 days).  Brazilian respondents however have a more
relaxed disposition regarding their DSO.  The percentage of
Brazilian respondents who said that they only begin to be
concerned about DSO when it exceeds the average payment term by
more than 90 days is notably higher than the survey average.

Richard Ariens, Regional Director of Atradius Trade Credit
Insurance NAFTA commented "An improved insolvency environment may
not necessarily result in a lower risk of customer payment
default.  Whether through the use of credit insurance, collections
agencies, more credit checks or simply the implementation of a
structured dunning process, it is important that businesses
strengthen their credit management.  This can help protect cash
flow and the financial stability of the business strengthening
their ability to grow."

The complete report highlighting the survey findings of the 2013
Atradius Payment Practices Barometer for the Americas can be found
in the Publications section of the http://www.atradius.com
website.

                          About Atradius

The Atradius Group -- http://www.atradius.com-- provides trade
credit insurance, surety and collections services worldwide.  With
a presence through 160 offices in 45 countries Atradius has access
to credit information on 100 million companies worldwide.  Its
products help protect companies throughout the world from payment
risks associated with selling products and services on credit.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------
In re U.S. Banner Corp.
   Bankr. D. S.C. Case No. 13-05426
     Chapter 11 Petition filed September 14, 2013
         See http://bankrupt.com/misc/scb13-5426.pdf
         represented by: Robert H. Cooper, Esq.
                         The Cooper Law Firm
                         E-mail: bknotice@thecooperlawfirm.com

In re Mark Rogers
   Bankr. S.D. Cal. Case No. 13-9186
      Chapter 11 Petition filed September 15, 2013

In re Christopher Guarascio
   Bankr. C.D. Cal. Case No. 13-17741
      Chapter 11 Petition filed September 16, 2013

In re Rade Raicevic
   Bankr. C.D. Cal. Case No. 13-16023
      Chapter 11 Petition filed September 16, 2013

In re Jay Choi
   Bankr. N.D. Cal. Case No. 13-54912
      Chapter 11 Petition filed September 16, 2013

In re Kwok Choy
   Bankr. N.D. Cal. Case No. 13-32065
      Chapter 11 Petition filed September 16, 2013

In re Cesar Calderon
   Bankr. D. Conn. Case No. 13-51459
      Chapter 11 Petition filed September 16, 2013

In re Minnie Bowdish Trust, LLC
   Bankr. M.D. Fla. Case No. 13-05600
     Chapter 11 Petition filed September 16, 2013
         See http://bankrupt.com/misc/flmb13-5600.pdf
         represented by: Robert W. Elrod, Jr.
                         E-mail: rwelrod2@aol.com

In re Mayra Villar
   Bankr. S.D. Fla. Case No. 13-32048
      Chapter 11 Petition filed September 16, 2013

In re April Fakhoury
   Bankr. E.D. Mich. Case No. 13-57292
      Chapter 11 Petition filed September 16, 2013

In re Crystal Care Home Health Services, Inc.
   Bankr. D. Minn. Case No. 13-44503
     Chapter 11 Petition filed September 16, 2013
         See http://bankrupt.com/misc/mnb13-44503.pdf
         represented by: Thomas Flynn, Esq.
                         Larkin Hoffman Daly & Lindgren
                         E-mail: tflynn@larkinhoffman.com

   In re Crystal Care PCA, Inc.
      Bankr. D. Minn. Case No. 13-44505
        Chapter 11 Petition filed September 16, 2013
            See http://bankrupt.com/misc/mnb13-44505.pdf
            represented by: Thomas Flynn, Esq.
                            Larkin Hoffman Daly & Lindgren
                            E-mail: tflynn@larkinhoffman.com

   In re Crystal Care Support Services, Inc.
      Bankr. D. Minn. Case No. 13-44506
        Chapter 11 Petition filed September 16, 2013
            See http://bankrupt.com/misc/mnb13-44506.pdf
            represented by: Thomas Flynn, Esq.
                            Larkin Hoffman Daly & Lindgren
                            E-mail: tflynn@larkinhoffman.com

In re Mark Korthals
   Bankr. D. Minn. Case No. 13-44504
      Chapter 11 Petition filed September 16, 2013

In re Twin City Property Holdings LLC
   Bankr. D. Minn. Case No. 13-34478
     Chapter 11 Petition filed September 16, 2013
         See http://bankrupt.com/misc/mnb13-34478.pdf
         represented by: Randall K. Strand, Esq.
                         E-mail: rstrand@mnbiz.net

In re CCC Consultants, Inc.
   Bankr. D. Nev. Case No. 13-17917
     Chapter 11 Petition filed September 16, 2013
         See http://bankrupt.com/misc/nvb13-17917.pdf
         represented by: D. Brian Boggess, Esq.
                         Boggess & Harker
                         E-mail: bboggess@boggessharker.com

In re Edmond Finizie
   Bankr. D. Nev. Case No. 13-17922
      Chapter 11 Petition filed September 16, 2013

In re LJudie Matt-Simmons
   Bankr. S.D.N.Y. Case No. 13-23539
      Chapter 11 Petition filed September 16, 2013

In re David Garner
   Bankr. E.D.N.C. Case No. 13-5852
      Chapter 11 Petition filed September 16, 2013

In re Grimes Land Investment, Inc.
   Bankr. E.D.N.C. Case No. 13-05839
     Chapter 11 Petition filed September 16, 2013
         See http://bankrupt.com/misc/nceb13-5839.pdf
         represented by: John G. Rhyne, Esq.
                         E-mail: johnrhyne@johnrhynelaw.com

In re Mark Buggy
   Bankr. W.D. Pa. Case No. 13-70675
      Chapter 11 Petition filed September 16, 2013

In re Frank Sanchez Ruiz
   Bankr. D.P.R. Case No. 13-7605
      Chapter 11 Petition filed September 16, 2013

In re Michael Martin
   Bankr. M.D. Tenn. Case No. 13-8100
      Chapter 11 Petition filed September 16, 2013

In re Mineral Resources International Inc.
   Bankr. D. Utah Case No. 13-30606
     Chapter 11 Petition filed September 16, 2013
         See http://bankrupt.com/misc/utb13-30606p.pdf
         See http://bankrupt.com/misc/utb13-30606c.pdf
         represented by: Tyler Hawkes, Esq.
                         The Rudd Firm, PC
                         E-mail: tyler@ruddfirm.com

In re Kenneth Uranga
   Bankr. C.D. Cal. Case No. 13-17788
      Chapter 11 Petition filed September 17, 2013

In re Carmen Hercules
   Bankr. C.D. Cal. Case No. 13-33105
      Chapter 11 Petition filed September 17, 2013

In re Stephen Stein
   Bankr. D. Colo. Case No. 13-25781
      Chapter 11 Petition filed September 17, 2013

In re Gregory Wikan
   Bankr. M.D. Fla. Case No. 13-11528
      Chapter 11 Petition filed September 17, 2013

In re Daniel Adnson
   Bankr. N.D. Ind. Case No. 13-32666
      Chapter 11 Petition filed September 17, 2013

In re Richard Freed
   Bankr. D. Md. Case No. 13-25738
      Chapter 11 Petition filed September 17, 2013

In re Kathleen Freed
   Bankr. D. Md. Case No. 13-25738
      Chapter 11 Petition filed September 17, 2013

In re Arcelia Gonzalez
   Bankr. D. Nev. Case No. 13-17931
      Chapter 11 Petition filed September 17, 2013

In re Jarhanja Real Estate Corp.
   Bankr. E.D.N.Y. Case No. 13-45623
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/nyeb13-45623.pdf
         represented by: Nigel E. Blackman, Esq.
                         BLACKMAN & MELVILLE, P.C.
                         E-mail: nigel@bmlawonline.com

In re Sharon Scott
   Bankr. S.D.N.Y. Case No. 13-23551
      Chapter 11 Petition filed September 17, 2013

In re Concrete On Demand Inc.
   Bankr. S.D.N.Y. Case No. 13-37076
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/nysb13-37076.pdf
         Filed as Pro Se

In re Jeffery Grace
   Bankr. W.D.N.Y. Case No. 13-12466
      Chapter 11 Petition filed September 17, 2013

In re William Diggs
   Bankr. E.D.N.C. Case No. 13-05858
      Chapter 11 Petition filed September 17, 2013

In re Sandalwood Construction Co., Inc.
   Bankr. E.D.N.C. Case No. 13-05863
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/nceb13-05863.pdf
         represented by: John G. Rhyne, Esq.
                         JOHN G. RHYNE, ATTORNEY AT LAW
                         E-mail: johnrhyne@johnrhynelaw.com

In re Jean Christian Dennery
   Bankr. S.D. Ohio Case No. 13-14315
      Chapter 11 Petition filed September 17, 2013

In re Maria Dolores Lagdameo
   Bankr. S.D. Ohio Case No. 13-14315
      Chapter 11 Petition filed September 17, 2013

In re Pooja Hospitality, Inc.
        dba Country Hearth Inn
   Bankr. S.D. Ohio Case No. 13-57387
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/ohsb13-57387.pdf
         Filed as Pro Se

In re Office for Planning and Architecture, Inc., a
      Corporation
   Bankr. M.D. Pa. Case No. 13-04764
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/pamb13-04764.pdf
         represented by: Robert E. Chernicoff, Esq.
                         CUNNINGHAM AND CHERNICOFF, P.C.
                         E-mail: rec@cclawpc.com

In re Robert Heslop
   Bankr. W.D. Pa. Case No. 13-23946
      Chapter 11 Petition filed September 17, 2013

In re Texas Food Courts, LLC
        dba Garlic Breath Pizza Company
   Bankr. W.D. Tex. Case No. 13-11771
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/txwb13-11771.pdf
         represented by: John Edward Athey, Esq.
                         JOHN E. ATHEY, P.C.
                         E-mail: john@atheylaw.com

In re PowerPlay Solar I, LLC
   Bankr. D. Utah Case No. 13-30690
     Chapter 11 Petition filed September 17, 2013
         See http://bankrupt.com/misc/utb13-30690.pdf
         represented by: Troy J. Aramburu, Esq.
                         SNELL & WILMER L.L.P.
                         E-mail: taramburu@swlaw.com

In re Pamela Smith
   Bankr. E.D. Va. Case No. 13-14228
      Chapter 11 Petition filed September 17, 2013
In re Jeffrey Hernandez
   Bankr. C.D. Cal. Case No. 13-33219
      Chapter 11 Petition filed September 18, 2013

In re Nicasio Robles
   Bankr. C.D. Cal. Case No. 13-33215
      Chapter 11 Petition filed September 18, 2013

In re Estelita Terrado
   Bankr. D. Hawaii Case No. 13-1553
      Chapter 11 Petition filed September 18, 2013

In re Dennis Carter
   Bankr. D. Md. Case No. 13-25823
     Chapter 11 Petition filed September 18, 2013

In re Stephen Wells
   Bankr. D. Nev. Case No. 13-17946
      Chapter 11 Petition filed September 18, 2013

In re B.K.V. Factory, Inc.
   Bankr. S.D.N.Y. Case No. 13-13023
     Chapter 11 Petition filed September 18, 2013
         See http://bankrupt.com/misc/nysb13-13023.pdf
         represented by: Douglas J. Pick, Esq.
                         Pick & Zabicki LLP
                         E-mail: dpick@picklaw.net

In re H&N Landscaping, LLC
   Bankr. M.D. Pa. Case No. 13-04813
     Chapter 11 Petition filed September 18, 2013
         See http://bankrupt.com/misc/pamb13-4813.pdf
         represented by: Robert E. Chernicoff, Esq.
                         Cunningham and Chernicoff PC
                         E-mail: rec@cclawpc.com

In re Centreville Gom Tang E, Inc.
   Bankr. E.D. Va. Case No. 13-14254
     Chapter 11 Petition filed September 18, 2013
         See http://bankrupt.com/misc/vaeb13-14254.pdf
         represented by: Ann E. Schmitt, Esq.
                         Culbert & Schmitt, PLLC
                         E-mail: aschmitt@culbert-schmitt.com
In re Jeffery Jolly
   Bankr. D. Ariz. Case No. 13-16361
      Chapter 11 Petition filed September 19, 2013

In re Brian Danz
   Bankr. D. Ariz. Case No. 13-16370
      Chapter 11 Petition filed September 19, 2013

In re David Trapp
   Bankr. D. Ariz. Case No. 13-16412
      Chapter 11 Petition filed September 19, 2013

In re Bakersfield Holding Company, Inc.
   Bankr. C.D. Cal. Case No. 13-16096
     Chapter 11 Petition filed September 19, 2013
         See http://bankrupt.com/misc/cacb13-16096.pdf
         represented by: Robert Reganyan, Esq.
                         REGANYAN LAW FIRM
                         E-mail: reganyanlawfirm@gmail.com

In re Monika Arefi
   Bankr. C.D. Cal. Case No. 13-33301
      Chapter 11 Petition filed September 19, 2013

In re Shou Wang
   Bankr. N.D. Cal. Case No. 13-45302
      Chapter 11 Petition filed September 19, 2013

In re Mohammad Bahae
   Bankr. S.D. Cal. Case No. 13-09338
      Chapter 11 Petition filed September 19, 2013

In re Nuzzo's Apizza of Madison, LLC
   Bankr. D. Conn. Case No. 13-31785
     Chapter 11 Petition filed September 19, 2013
         See http://bankrupt.com/misc/ctb13-31785.pdf
         represented by: David J. Fabrizi, Esq.
                         DAVID J. FABRIZI ATTORNEY AT LAW
                         E-mail: djf1024@msn.com

In re DDT Fit, Inc.
        dba Anytime Fitness of Lutz
   Bankr. M.D. Fla. Case No. 13-12469
     Chapter 11 Petition filed September 19, 2013
         See http://bankrupt.com/misc/flmb13-12469.pdf
         represented by: Buddy D. Ford, Esq.
                         Buddy D. Ford, P.A.
                         E-mail: Buddy@tampaesq.com

In re Cornell Bynum
   Bankr. M.D. Fla. Case No. 13-12484
      Chapter 11 Petition filed September 19, 2013

In re Thai Herm USA, Inc.
   Bankr. S.D. Fla. Case No. 13-32316
     Chapter 11 Petition filed September 19, 2013
         See http://bankrupt.com/misc/flsb13-32316.pdf
         represented by: Joel M. Aresty, Esq.
                         JOEL M. ARESTY P.A.
                         E-mail: aresty@mac.com

In re Maisie Dunbar Spa Lounge, Inc.
   Bankr. D. Md. Case No. 13-25911
     Chapter 11 Petition filed September 19, 2013
         See http://bankrupt.com/misc/mdb13-25911.pdf
         represented by: Charles Maynard, Esq.
                         LAW OFFICE OF CHARLES M. MAYNARD
                         E-mail: cmaynard@maynardlawgroup.com

In re Marlene Pippins
   Bankr. D. Mass. Case No. -13-15514
      Chapter 11 Petition filed September 19, 2013

In re Arcelia Gonzalez
   Bankr. D. Nev. Case No. 13-18021
      Chapter 11 Petition filed September 19, 2013

In re John Bruno Pereira
   Bankr. D.P.R. Case No. 13-07735
      Chapter 11 Petition filed September 19, 2013

In re George West 59 Investment, Inc.
   Bankr. N.D. Tex. Case No. 13-34815
     Chapter 11 Petition filed September 19, 2013
         See http://bankrupt.com/misc/txnb13-34815p.pdf
         See http://bankrupt.com/misc/txnb13-34815c.pdf
         represented by: Herman A. Lusky, Esq.
                         LUSKY & ASSOCIATES, P.C.
                         E-mail: mail@lusky.com


In re Bernadette Chapman
   Bankr. C.D. Cal. Case No. 13-25725
      Chapter 11 Petition filed September 20, 2013

In re RV City, Inc.
        dba Metro RV
   Bankr. C.D. Cal. Case No. 13-33437
     Chapter 11 Petition filed September 20, 2013
         See http://bankrupt.com/misc/cacb13-33437.pdf
         represented by: William H Brownstein
                         William H. Brownstein & Associates, P.C.
                         E-mail: Brownsteinlaw.bill@gmail.com

In re Marvais Waden
   Bankr. E.D. Calif. Case No. 13-91701
      Chapter 11 Petition filed September 20, 2013

In re Arapahoe Shoppes, LLC
   Bankr. D. Colo. Case No. 13-26052
     Chapter 11 Petition filed September 20, 2013
         See http://bankrupt.com/misc/cob13-26052p.pdf
         See http://bankrupt.com/misc/cob13-26052c.pdf
         represented by: Jeffrey S. Brinen, Esq.
                         Kutner Brinen Garber, P.C.
                         E-mail: jsb@kutnerlaw.com

   In re The Robert J. Harmoush Trust
      Bankr. D. Colo. Case No. 13-26053
        Chapter 11 Petition filed September 20, 2013
            See http://bankrupt.com/misc/cob13-26053p.pdf
            See http://bankrupt.com/misc/cob13-26053c.pdf
            represented by: Jeffrey S. Brinen, Esq.
                            Kutner Brinen Garber, P.C.
                            E-mail: jsb@kutnerlaw.com

In re Barbara Goransson
   Bankr. S.D. Fla. Case No. 13-32445
      Chapter 11 Petition filed September 20, 2013

In re Mark Hemlak
   Bankr. S.D. Fla. Case No. 13-32478
      Chapter 11 Petition filed September 20, 2013

In re Detroit Auto Recovery, Inc.
   Bankr. E.D. Mich. Case No. 13-57540
     Chapter 11 Petition filed September 20, 2013
         See http://bankrupt.com/misc/mieb13-57540p.pdf
         See http://bankrupt.com/misc/mieb13-57540c.pdf
         represented by: Jay S. Kalish, Esq.
                         Jay S. Kalish & Associates, P.C.
                         E-mail: JSKalish@aol.com

In re Tamara Gund
   Bankr. D. N.J. Case No. 13-30688
      Chapter 11 Petition filed September 20, 2013

In re Labruzzo Commercial Properties, LLC
   Bankr. W.D. Pa. Case No. 13-11170
     Chapter 11 Petition filed September 20, 2013
         See http://bankrupt.com/misc/pawb13-11170.pdf
         represented by: Christopher M. Frye, Esq.
                         Steidl & Steinberg
                         E-mail: chris.frye@steidl-steinberg.com

   In re Labruzzo Housing, LLC
      Bankr. W.D. Pa. Case No. 13-11171
        Chapter 11 Petition filed September 20, 2013
            See http://bankrupt.com/misc/pawb13-11171.pdf
            represented by: Christopher M. Frye, Esq.
                            Steidl & Steinberg
                            E-mail:
                            chris.frye@steidl-steinberg.com

   In re Labruzzo Properties, LLC
      Bankr. W.D. Pa. Case No. 13-11172
        Chapter 11 Petition filed September 20, 2013
            represented by: Christopher M. Frye, Esq.
                            Steidl & Steinberg
                            E-mail:
                            chris.frye@steidl-steinberg.com

   In re Labruzzo Rentals, LLC
      Bankr. W.D. Pa. Case No. 13-11173
        Chapter 11 Petition filed September 20, 2013
            represented by: Christopher M. Frye, Esq.
                            Steidl & Steinberg
                            E-mail:
                            chris.frye@steidl-steinberg.com

In re Lucy's Playhouse, LLC
   Bankr. D. S.C. Case No. 13-05531
     Chapter 11 Petition filed September 20, 2013
         See http://bankrupt.com/misc/scb13-5531.pdf
         represented by: J. Carolyn Stringer, Esq.
                         Stringer Law
                         E-mail: jcarolynstringer@sc.rr.com



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2013.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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