TCR_Public/131125.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Monday, November 25, 2013, Vol. 17, No. 327


                            Headlines

11850 DEL PUEBLO: Court Approves CBRE Inc. as Real Estate Broker
11850 DEL PUEBLO: Court Okays Accord With Noteholder and Payless
1670 42ND STREET: Voluntary Chapter 11 Case Summary
4LICENSING CORP: Incurs $735,000 Net Loss in Q3 Ended Sept. 30
A & A TRANSPORT: Case Summary & 20 Largest Unsecured Creditors

ACCESS PHARMACEUTICALS: Reports $899,000 Net Loss in Q3 of 2013
ALION SCIENCE: Reaches Preliminary Deal With Creditors Group
ALLY FINANCIAL: Repays $5.9 Billion to U.S. Treasury
ALYDIAN INC: Aims to Sell Bitcoin Mining Platform in Bankruptcy
AMARU INC: Delays Form 10-Q for Third Quarter

AMERICAN PETRO-HUNTER: Delays Form 10-Q for Third Quarter
AMR CORPORATION: Fitch Affirms 'D' Issuer Default Ratings
ASHFORD PLACE: Voluntary Chapter 11 Case Summary
ASSURED PHARMACY: Files Form 10-Q, Incurs $837,000 Net Loss in Q3
ATLS ACQUISITION: Wants Until March 31 to Decide on Leases

AUTO ORANGE II: Voluntary Chapter 11 Case Summary
AXION INTERNATIONAL: Incurs $1.35-Mil. Net Loss in 3rd Quarter
BERNARD L. MADOFF: Deal Over Funds Collapses
BLUE DOLPHIN ENERGY: Incurs $2.08-Mil. Net Loss in Q3 of 2013
BIOLIFE SOLUTIONS: Incurs $0.31-Mil. Net Loss in Sept. 30 Quarter

BROADCAST INTERNATIONAL: Incurs $147,200 Net Loss in 3rd Quarter
CAESARS ENTERTAINMENT: Bank Debt Trades at 5% Off
CALUMET SPECIALTY: S&P Rates New $225MM Sr. Unsecured Notes 'B+'
CENTRAL ENERGY: Incurs $113,000 Net Loss in Third Quarter
CENVEO INC: S&P Revises 'B-' Rating Outlook to Negative

CHILE MINING: Delays Form 10-Q for Third Quarter
CHINA SHIANYUN: Reports $110,500 Net Loss in Third Quarter
CHOCTAW GENERATION: Fitch Rates $235.3MM Lessor Notes at 'B'
CITIZENS NATIONAL: FDIC Discloses Accord With JPMorgan
COATES INTERNATIONAL: Incurs $441,000 Net Loss in Third Quarter

COMMUNICATION INTELLIGENCE: Incurs $1.43-Mil. Loss in 3rd Qtr.
COOPER-BOOTH WHOLESALE: Dec. 10 Hearing on Lease Decision Period
CRYOPORT INC: Delays Form 10-Q for Third Quarter
CUBIC ENERGY: Reports $2.61-Mil. Net Loss in Q1 Ended Sept. 30
CYCLONE POWER: Delays Form 10-Q for Q3 to Complete Audit

DDR CORP: S&P Assigns 'BB+' Corporate Credit Rating
DEMCO INC: Section 341(a) Meeting Adjourned to March 24
DEMCO INC: Court Approves Offset With First Niagara Bank
DETROIT, MI: Objects to Retiree Committee's Retention of Lazard
DR TATTOFF: Delays Form 10-Q for Third Quarter

DVF ADVISORY: Involuntary Chapter 11 Case Summary
E-DEBIT GLOBAL: Delays Form 10-Q for Third Quarter
EAT AT JOE'S: Posts $932,000 Net Income in Third Quarter
ECO BUILDING: Delays Form 10-Q for Third Quarter
ELITE PHARMACEUTICALS: Incurs $9.6MM Loss in Sept. 30 Quarter

EMPIRE DIE: Creditors' Panel Hires Freeborn & Peters as Counsel
EMPIRE DIE: Taps Roetzel and Stites as Special Counsel
EPAZZ INC: Delays Form 10-Q for Third Quarter
EQUITABLE LIFE: A.M. Best Affirms 'B' Fin. Strength Rating
EVERTEC INC: Bank Debt Trades at 3% Off

EWGS INTERMEDIARY: Judge Sets Dec. 3 Auction
FAIRMONT GENERAL: Koenig Appointed as Patient Care Ombudsman
FIRST ACCEPTANCE: A.M. Best Affirms 'B' Finc'l. Strength Rating
FISKER AUTO: Files for Bankruptcy, Hybrid Buys Defaulted Loan
FLORIDA GAMING: Seeks to Keep Grip on Bankruptcy Case

FOOTHILL/EASTERN TRANSPORTATION: Moody's Rates 2nd Lien Bonds Ba1
FRESH & EASY: Yucaipa to Take Over 150 Stores
FRIENDFINDER NETWORK: Dec. 16 Hearing on Plan Confirmation
GERALD CHAMPION: S&P Affirms 'B+' Rating on $71MM 2012A Bonds
GLOBAL AVIATION: Seeks to Pay $1.42-Mil. to Essential Vendors

GLOBAL AVIATION: Taps Kurtzman Carson as Claims & Noticing Agent
GLOBAL AVIATION: Seeks to Reject 6 Unnecessary Aircraft
GREENESTONE HEALTHCARE: Reports $87,000 Net Loss in Q3 of 2013
GREAT CHINA INTERNATIONAL: Reports $640K Loss in Q3 of 2013
GROEB FARMS: Hires Deloitte Tax as Advisor

GYMBOREE CORP: Bank Debt Trades at 3% Off
HALLWOOD GROUP: Has $1.07-Mil. Loss for Nine Months Ended Sept. 30
HOWELL TOWNSHIP: Fitch Affirms B Rating on $125MM LTGO Bonds
INERGETICS INC: Has $3.06 Million Loss in Quarter Ended Sept. 30
INFINIA CORP: Parsons Behle Approved as Committee Counsel

INTELSAT S.A.: S&P Puts 'B' CCR on CreditWatch Positive
JC PENNEY: Bank Debt Trades at 3% Off
JEFFERSON COUNTY, AL: Judge Approves Bankruptcy-Restructuring Plan
KJJ VENTURES: Voluntary Chapter 11 Case Summary
LAMPLIGHTER ON THE RIVER: Involuntary Chapter 11 Case Summary

LATTICE INC: Has $3.33-Mil. Working Capital Deficit at Sept. 30
LIME ENERGY: Reports $3.8 Million Net Loss in Third Quarter
MERRIMAN HOLDINGS: Has $1.22-Mil. Loss in Quarter Ended Sept. 30
MERITAGE HOMES: S&P Retains 'B+' CCR After $100MM Add-On
NATIONAL CONTRACTORS: A.M. Best Cuts Fin'l. Strength Rating to B-

NATIONAL SECURITY: A.M. Best Affirms 'B++' Fin. Strength Rating
NGPL PIPECO: Bank Debt Trades at 7% Off
NIRVANIX INC: Authorized to Sell IP Assets to Acme Acquisition
NIRVANIX INC: Creditors' Panel Hires Brinkman Portillo as Counsel
NIRVANIX INC: Creditors' Panel Taps Rosner Law as Delaware Counsel

OCEAN 4660: Case Trustee Can Employ Henry Staley as Expert Witness
OCEAN 4660: Case Trustee Can Employ Prakas as Expert Witness
OSX BRASIL: Anticipates Missing Bond Interest Payment Due Dec. 20
PAVILION AT ROCKY: Case Summary & 20 Largest Unsecured Creditors
QUINTILES TRANSNATIONAL: S&P Raises Corp. Credit Rating to 'BB'

RIH ACQUISITIONS: Has Until Dec. 4 to File Schedules
RIH ACQUISITIONS: Has Interim OK to Pay $1.2MM to Critical Vendors
SAVIENT PHARMACEUTICALS: Has $20.43-Mil. Loss in Q3 Ended Sept. 30
SH 130 CONCESSION: Taps Restructuring Lawyers
SIGMA LABS: Reports $185K Net Loss in Quarter Ended Sept. 30

SOLAR INVESTMENT: Fitch Slashes Rating on $22MM Notes to 'Dsf'
THERMOENERGY CORP: Incurs $655,000 Net Loss in Third Quarter
TITAN PHARMACEUTICALS: Incurs $1.1 Million Net Loss in Q3
TLO LLC: TransUnion Wins Auction with $154-Mil. Bid
TRANS ENERGY: Incurs $6.1 Million Net Loss in Third Quarter

TRANS-LUX CORP: Delays Form 10-Q for Third Quarter
TRANSGENOMIC INC: Files Form 10-Q, Incurs $5.5MM Loss in Q3
TRIBUNE CO: To Cut 700 Publishing Jobs
UNIVERSAL BIOENERGY: Delays Form 10-Q for Third Quarter
US INVESTIGATIONS: Bank Debt Trades at 2% Off

VERMILLION INC: Incurs $2.3 Million Net Loss in Third Quarter
VERTICAL COMPUTER: Delays Form 10-Q for Third Quarter
VUZIX CORP: Delays Form 10-Q for Third Quarter
WORLD SURVEILLANCE: Incurs $1 Million Net Loss in Third Quarter
WOUND MANAGEMENT: Reports $1.69-Mil. Net Loss in Q3 Ended Sept. 30

Z TRIM HOLDINGS: Delays Form 10-Q for Third Quarter

* Courts Tack Fee to Bankruptcy Sale Motions

* BOND PRICING -- For Week From Nov. 11 to 15, 2013


                            *********


11850 DEL PUEBLO: Court Approves CBRE Inc. as Real Estate Broker
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized 11850 Del Pueblo, LLC, to employ CBRE, Inc., as real
estate broker for the sale of the Debtor's property located at
11850 Valley Boulevard, El Monte, CA 91732.

As reported in the Troubled Company Reporter on Oct. 31, 2013, the
Debtor requires CBRE Inc. to:

   (a) market the property, show the property to potential
       purchasers;

   (b) represent the Debtor as seller in connection with the sale
       of the property;

   (c) advise the Debtor with respect to obtaining the highest and
       best offer available in the present market for the
       property;

   (d) assist the Debtor in connection with any auction of the
       property; and

   (e) work with the Debtor to execute a strategy to maximize the
       value of the property while minimizing any risk, and will
       assist in assessing, qualifying and selecting the best
       buyer to ensure an efficient sale process.

As detailed in the Listing Agreement, CBRE Inc. will receive a
commission in the amount of:

       $150,000 if the gross purchase price is less than or equal
                to $15,000,000;

       $225,000 if the gross purchase price is greater than
                $15,000,000 and less than or equal to $15,500,000;
                and

             2% of the gross purchase price if the gross purchase
                price is greater than $15,500,000.

CBRE Inc. will share a portion of the Commission with the broker
retained by the buyer, if any, in an amount to be agreed to among
the brokers.

The Listing Agreement makes clear, however, that the Debtor is not
obligated to pay, and its estate is not liable for any Commission
in the event that either:

       - the Noteholder acquires the Property through a credit
         bid, or

       - the Noteholder obtains relief from the automatic stay in
         the Case to proceed with state law remedies against the
         property.

CBRE Inc. will pay all marketing costs including, without
limitation, those associated with assembling an offering brochure
and other marketing materials, the use of CBRE Inc. valuation
services and any necessary travel required to market the property,
except that the Debtor will be responsible for reimbursing CBRE
Inc. for actual, out-of-pocket marketing costs in an amount not to
exceed $750 if the Debtor removes the Property from the market for
any reason other than cause.

In addition, if the Debtor removes the property from the market,
the Debtor is requesting approval to reimburse CBRE Inc. for up to
$750 of actual, out-of-pocket expenses without further notice,
application to, or Court approval.

Daniel Riley, senior vice-president of CBRE Inc., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

                    About 11850 Del Pueblo

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

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

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

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


11850 DEL PUEBLO: Court Okays Accord With Noteholder and Payless
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
approved:

   i) the compromise between 11850 Del Pueblo, LLC, U.S. Bank
      National Association, as trustee, as successor in interest
      to Bank of America, N.A., as trustee, as successor by merger
      to LaSalle Bank National Association, as trustee for the
      registered holders of Deutsche Mortgage & Asset Receiving
      Corporation, CD 2006-CD3 Commercial Mortgage Pass-Through
      Certificates, Frank H. Rodd and Bijan H. Rodd- the
      principals of the Debtor and guarantors of the Loan to the
      Noteholder; and

  ii) the settlement between the Debtor and B.F. Roddco, Inc.,
      a California corporation dba Payless Foods for waiver
      of certain claims and rejection of the Payless Lease.

The Debtor related that the Noteholder, the Debtor and the Rodds
have entered into a global settlement which provides a blue-print
for resolving the case through a consensual sale of the property
and an allocation of the sale proceeds in a manner which allows
for the Debtor's estate to share in a portion of the sale proceeds
before the Noteholder is potentially paid in full on its asserted
secured claim.  The Payless Settlement facilitates the Debtor
effectuating the Settlement Agreement.

       Settlement Among Debtor, the Rodds and the Noteholder

The principal terms of the Settlement Agreement, include, among
other things:

   1. The Debtor will stipulate to relief from the automatic
      stay imposed by Bankruptcy Code Section 362, as to the
      Noteholder, effective 120 days after the date of the
      executed Settlement Agreement. The Debtor has the option
      to extend the Relief Date by up to 30 days, if by the Relief
      Date, the sale of the Property has not closed, but the
      Debtor and buyer have executed a purchase agreement which
      has been approved by the Court for a gross sales price in
      excess of the threshold price, and the buyer has provided
      a good-faith non-refundable deposit of no less than
      $100,000.00 in connection with the executed purchase
      agreement.

   2. Through the Relief Date, the Property will be marketed
      for sale by CBRE, Inc. and sold in a competitive auction
      process subject to overbid.

   3. If at any time up to the earlier of the Closing Date or
      the Relief Date (a) Noteholder does not timely receive the
      full amount of any monthly payment in accordance with the
      Omnibus Order, (b) Receiver does not timely receive the full
      amount of any Monthly Reserve in accordance with the Omnibus
      Order, or (c) Agreement Parties fail to timely comply with
      any term, condition or covenant set forth in this
      Stipulation, the Sale and Assignment Motion, the Bidding
      Procedures or the Orders, then any of the foregoing will
      constitute a "Triggering Event" as set forth in the Omnibus
      Order, and the provisions of Paragraph 4 of the Omnibus
      Order will thereupon apply.

             Settlement between the Debtor and Payless

B.F. Roddco, Inc., a California corporation dba Payless Foods, is
a company owned by the Rodds.  Payless operates a grocery store
located in the Debtor's shopping center pursuant to a lease
between the Debtor and Payless dated Aug. 1, 2004.  The Payless
Lease has term of fifteen years which commenced on Oct. 1, 2004,
with three renewal options of five years each.

The Settlement Agreement provides for a waiver of claims by the
Noteholder against Payless.  The Settlement Agreement also
provides that the Noteholder will not object to the Debtor
rejecting the Payless Lease as of the earlier of the Closing Date
or the Relief Date.  The Debtor intends as part of the overall
settlement with the Noteholder to release the past due rent claim
against Payless and also to reject the Payless Lease as of the
earlier of the Closing Date or the Relief Date.

The Settlement Agreement is intended to effectuate an overall
settlement between the Noteholder, on the one hand, and the Debtor
and the Rodds, on the other hand, and to provide a means for the
Debtor to exit the Chapter 11 case.

A copy of the terms if the settlement is available for free at
http://bankrupt.com/misc/11850Del_settlement.pdf

                    About 11850 Del Pueblo

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

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

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

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


1670 42ND STREET: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: 1670 42nd Street LLC
        PO Box 190384
        Brooklyn, NY 11219

Case No.: 13-46974

Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Pro Se

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mayer Goldberger, managing member.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


4LICENSING CORP: Incurs $735,000 Net Loss in Q3 Ended Sept. 30
--------------------------------------------------------------
4Licensing Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, reporting a net loss
of $735,000 on $296,000 of revenues for the three months ended
Sept. 30, 2013, compared to a net income of $11.88 million on
$263,000 of revenues for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $4.08
million in total assets, $2.74 million in total liabilities, and
stockholders' equity of $1.34 million.

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

                        http://is.gd/Yehmif

                     About 4Licensing Corporation

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

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

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

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

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

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

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

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

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


A & A TRANSPORT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: A & A Transport, Co., Inc.
        P. O. Box 1387
        Los Banos, CA 93635

Case No.: 13-17444

Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Judge: Hon. Fredrick E. Clement

Debtor's Counsel: Hilton A. Ryder, Esq.
                  7647 N. Fresno Street
                  Fresno, CA 93720
                  Tel: 559-433-1300

Total Assets: $3.59 million

Total Liabilities: $5 million

The petition was signed by Jesse Adams, chief executive officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/caeb13-17444.pdf


ACCESS PHARMACEUTICALS: Reports $899,000 Net Loss in Q3 of 2013
---------------------------------------------------------------
Access Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net loss of $899,000 on $189,000 of total revenues for the three
months ended Sept. 30, 2013, as compared with a net loss of
$15.31 million on $871,000 of total revenues for the same period
during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $1.09
million in total assets, $14.26 million in total liabilities and a
$13.16 million total stockholders' deficit.

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

                         http://is.gd/2x7E1n

                    About Access Pharmaceuticals

Access Pharmaceuticals, Inc., develops pharmaceutical products
primarily based upon its nano-polymer chemistry technologies and
other drug delivery technologies.  The Company currently has one
approved product, one product candidate at Phase 3 of clinical
development, three product candidates in Phase 2 of clinical
development and other product candidates in pre-clinical
development.

Access Pharmaceuticals disclosed a net loss allocable to common
stockholders of $12.53 million on $4.40 million of total revenues
for the year ended Dec. 31, 2012, as compared with a net loss
allocable to common stockholders of $4.30 million on $1.84 million
of total revenues during the prior year.

Whitley Penn LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has had recurring losses from operations, negative cash
flows from operating activities and has an accumulated deficit,
which conditions raise substantial doubt about the Company's
ability to continue as a going concern.


ALION SCIENCE: Reaches Preliminary Deal With Creditors Group
------------------------------------------------------------
Emily Glazer, writing for The Wall Street Journal, reported that
Alion Science and Technology, a defense contractor struggling with
government spending cuts, reached a preliminary agreement with a
group of creditors to push out the maturity of roughly $350
million of bonds coming due next year, according to a securities
filing.

According to the report, the deal, disclosed on Nov. 15 but not
widely noticed, is aimed at staving off an expected "going
concern" note from Alion's auditor, a person familiar with the
matter said. Such an opinion from a company's auditor often
signals that it is in danger of going bankrupt.

An Alion spokesman didn't respond to requests for comment, the
report said.

The company provides information-technology and other support to
the government for national security, the report related.  It
operates roughly 200,000 square feet of laboratory facilities and
technical centers across the U.S. Along with other small- and
medium-sized defense companies, Alion has been hurt as a surge in
overseas conflicts in the last decade ebbs and as across-the-board
budget cuts known as the sequester kick in, said Mark Liscio, co-
chair of the bankruptcy and restructuring group at Kaye Scholer,
who is not involved in the Alion restructuring.

Alion's bankers at Goldman Sachs are in talks with a variety of
financial firms -- whose names couldn't be learned -- to secure
the new debt, this person and another said, the report further
related.  The new debt will likely be in the form of a bank-loan
facility, which would be less expensive than the existing bonds
but also carry stricter covenants, one of these people said.

                        About Alion Science

Alion Science and Technology Corporation, based in McLean,
Virginia, is an employee-owned company that provides scientific
research, development, and engineering services related to
national defense, homeland security, and energy and environmental
analysis.  Particular areas of expertise include communications,
wireless technology, netcentric warfare, modeling and simulation,
chemical and biological warfare, program management.

Alion Science incurred a net loss of $41.44 million for the year
ended Sept. 30, 2012, a net loss of $44.38 million for the year
ended Sept. 30, 2011, and a net loss of $15.23 million for the
year ended Sept. 30, 2010.  As of June 30, 2013, the Company had
$632.86 million in total assets, $799.58 million in total
liabilities, $111.01 million in redeemable common stock, $20.78
million in common stock warrants, $149,000 in accumulated other
comprehensive loss and a $298.37 million accumulated deficit.

                         Bankruptcy Warning

The Company said in its annual report for the fiscal year ended
Sept. 30, 2012, "Our credit arrangements, including our unsecured
and secured note indentures and our revolving credit facility
include a number of covenants.  We expect to be able to comply
with our indenture covenants and our credit facility financial
covenants for at least the next twenty-one months.  If we were
unable to meet financial covenants in our revolving credit
facility in the future, we might need to amend the revolving
credit facility on less favourable terms.  If we were to default
under any of the revolving credit facility covenants, we could
pursue an amendment or waiver with our existing lenders, but there
can be no assurance that lenders would grant an amendment or
waiver.  In light of current credit market conditions, any such
amendment or waiver might be on terms, including additional fees,
increased interest rates and other more stringent terms and
conditions materially disadvantageous to us.  If we were unable to
meet these financial covenants in the future and unable to obtain
future covenant relief or an appropriate waiver, we could be in
default under the revolving credit facility.  This could cause all
amounts borrowed under it and all underlying letters of credit to
become immediately due and payable, expose our assets to seizure,
cause a potential cross-default under our indentures and possibly
require us to invoke insolvency proceedings including, but not
limited to, a voluntary case under the U.S. Bankruptcy Code."


ALLY FINANCIAL: Repays $5.9 Billion to U.S. Treasury
----------------------------------------------------
Andrew R. Johnson, writing for The Wall Street Journal, reported
that Ally Financial Inc. has repaid more than two thirds of its
$17.2 billion crisis-era bailout following a move on Nov. 20 to
repurchase $5.9 billion of shares from the U.S. Treasury
Department.

According to the report, the move puts the government a step
closer to exiting its stake in the Detroit-based company, which
struggled under the weight of subprime mortgage losses during the
financial crisis that almost led to the firm's collapse.

"Taxpayers are now in a stronger position to maximize the value of
their remaining investment in Ally," Timothy Bowler, deputy
assistant secretary of the Treasury, wrote in a Treasury blog post
on Nov. 20, the report cited.  He added that the Treasury "will
work with Ally on a public offering or private sale of its common
shares or sales of assets to complete its exit."

Ally Chief Executive Michael Carpenter has previously said an IPO
or private transaction could be options as the U.S. government
looks to exit its remaining stake in the company, the report
related.

Ally said it expected to repurchase $5.9 billion of preferred
shares owned by the Treasury after the Federal Reserve said it
didn't object to revised capital plan from the company, the report
further related.  Including the buyback disclosed on Nov. 20, Ally
has repaid $12.3 billion of its $17.2 billion bailout, Mr. Bowler
wrote.

                        About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally Financial Inc. reported net income of $1.19 billion for the
year ended Dec. 31, 2012, as compared with a net loss of $157
million during the prior year.


ALYDIAN INC: Aims to Sell Bitcoin Mining Platform in Bankruptcy
---------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
battered bitcoin miner Alydian might try to sell some of its
highly specialized computer systems at a bankruptcy sale while it
works to extract the virtual currency for customers who were
promised the chance to buy bitcoins at dirt-cheap prices.

According to the report, Alydian's bankruptcy lawyers revealed in
recent court papers that they plan to sell the Bainbridge Island,
Wash., company's assets after its struggled to make money within
the volatile bitcoin industry using technology that's no longer
state-of-the-art.

"Mining difficulty has increased stratospherically, well beyond
expectations," said Alydian lawyers in response to a federal
lawsuit filed in New York by an angry customer, the report
related.  "Mining now requires exponentially more expensive
hardware than it did when" the customer placed its order.

Even though Alydian officials have spent roughly $4 million on
their bitcoin mining rigs, designed to solve complex mathematical
algorithms in order to mine the virtual currency, the company's
system isn't "fully deployed" yet, according to papers filed with
the U.S. Bankruptcy Court in Seattle, the report said.  Alydian
officials who put the company into Chapter 11 bankruptcy on Nov. 1
have said that some of its manufacturing parts are still en route
from Taiwan.

So far, Alydian has only mined about 3,041 bitcoins, according to
a recent tally filed in the New York lawsuit, the report further
related.

The case is In re CLI Holdings Inc., 13-bk-19746, U.S. Bankruptcy
Court, Western District of Washington (Seattle).


AMARU INC: Delays Form 10-Q for Third Quarter
---------------------------------------------
Amaru, Inc., notified the U.S. Securities and Exchange Commission
that it will be delayed in filing its quarterly report on Form
10-Q for the period ended Sept. 30, 2013.  The Company said it was
unable to file the subject report in a timely manner because the
Company was not able to complete timely its financial statements
without unreasonable effort or expense.

                          About Amaru Inc.

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

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

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


AMERICAN PETRO-HUNTER: Delays Form 10-Q for Third Quarter
---------------------------------------------------------
American Petro-Hunter Inc. was not able to timely file its
quarterly report on Form 10-Q for the period ended Sept. 30, 2013.
The Company said the information necessary for the filing of a
complete and accurate Form 10-Q could not be gathered within the
prescribed time period without unreasonable effort and expense.

                     About American Petro-Hunter

Wichita, Kansas-based American Petro-Hunter, Inc., is an oil and
natural gas exploration and production (E&P) company with current
projects in Payne and Lincoln Counties in Oklahoma.

Weaver Martin & Samyn, LLC, in Kansas City, Missouri, 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 is dependent upon the continued sale of its
securities or obtaining debt financing for funds to meet its cash
requirements.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


American Petro-Hunter disclosed a net loss of $3.30 million on
$308,770 of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $2.73 million on $317,931 of revenue during the
prior year.  As of June 30, 2013, the Company had $1.79 million in
total assets, $1.96 million in total liabilities and a $164,085
total stockhodlers' deficit.


AMR CORPORATION: Fitch Affirms 'D' Issuer Default Ratings
---------------------------------------------------------
Fitch Ratings has affirmed the ratings for AMR Corp. and its
primary operating subsidiary American Airlines, Inc. at 'D'.

American Airlines continues to operate under chapter 11 protection
following the company's November 2011 bankruptcy filing. American
is expected to exit bankruptcy and simultaneously close its merger
with US Airways in the first half of December. Emergence from
bankruptcy follows the company's recently announced settlement
with the Department of Justice over anti-trust issues regarding
the merger. Fitch will review the ratings for American Airlines,
US Airways, and all related EETCs upon finalization of the
bankruptcy process and the closing of the merger.

Fitch has taken the following rating actions:

AMR Corp.

-- Issuer Default Rating (IDR) affirmed at 'D'.

American Airlines, Inc.

-- IDR affirmed at 'D'.


ASHFORD PLACE: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Ashford Place, L.P.
        3105 Acme Road
        Shawnee, OK 74804

Case No.: 13-15170

Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Niles L. Jackson

Debtor's Counsel: Douglas N. Gould, Esq.
                  6303 Waterford Blvd. Ste. 260
                  Oklahoma City, OK 73118
                  Tel: (405) 286-3338
                  Fax: (405) 848-0492
                  Email: dg@dgouldlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Shafer, authorized individual.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


ASSURED PHARMACY: Files Form 10-Q, Incurs $837,000 Net Loss in Q3
-----------------------------------------------------------------
Assured Pharmacy, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $837,305 on $926,551 of sales for the three months
ended Sept. 30, 2013, as compared with a net loss of $1.39 million
on $1.49 million of sales for the same period a year ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $3.81 million on $4 million of sales as compared with
a net loss of $3.52 million on $4.09 million of sales for the same
period during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $1.17
million in total assets, $10.57 million in total liabilities and a
$9.39 million stockholders' deficit.

                        Bankruptcy Warning

"We are also attempting to extend the maturity date of all
outstanding debt securities due in the years 2012 and 2013, but
can provide no assurance that the holders of such securities will
agree to extend the maturity date on these securities on
acceptable terms.  We are also discussing the possibility of these
debt holders converting the securities into equity.  If our debt
holders choose not to convert certain of these securities into
equity, we will need to repay such debt, or reach an agreement
with the debt holders to extend the terms thereof.  If we are
forced to repay the debt, this need for funds would have a
material adverse impact on our business operations, financial
condition and prospects, would threaten our ability to operate as
a going concern and may force us to seek bankruptcy protection,"
the Company said in the Quarterly Report.

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

                        http://is.gd/9uexzM

                       About Assured Pharmacy

Headquartered in Frisco, Texas, Assured Pharmacy, Inc., is engaged
in the business of establishing and operating pharmacies that
specialize in dispensing highly regulated pain medication for
chronic pain management.

The Company was organized as a Nevada corporation on Oct. 22,
1999, under the name Surforama.com, Inc., and previously operated
under the name eRXSYS, Inc.  The Company changed its name to
Assured Pharmacy, Inc., in October 2005.

Assured Pharmacy disclosed a net loss attributable to the Company
of $4 million on $14.14 million of sales for the year ended
Dec. 31, 2012, as compared with a net loss attributable to the
Company of $3.27 million on $16.44 million of sales in 2011.

BDO USA, LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
a net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


ATLS ACQUISITION: Wants Until March 31 to Decide on Leases
----------------------------------------------------------
ATLS Acquisition, LLC, et al., ask the U.S. Bankruptcy Court for
the District of Delaware to extend until March 31, 2014, the time
within which the Debtors must assume or reject unexpired leases of
nonresidential real property.

The Court will convene a hearing on Dec. 18, 2013, at 9:30 a.m. to
consider the matter.  Objections, if any, are due Nov. 27, at
4:00 p.m.

According to the Debtor, the third landlord, HRT of Roanoke, Inc.,
has given written consent of an extension for two weeks, through
and including Nov. 27, by which time the parties expect to
conclude a written agreement that provides a further extension
through March 31, 2014.

HRT and the Debtors have to finalize their agreement on the
extension through March 31, 2014.

In a bridge order dated Nov. 13, the Court extended the deadline
to assume or reject unexpired non-residential leases.  The
deadline for Liberty Medical Supply, Inc., to assume or reject the
leases is extended until Dec. 18, with respect to Grady G. Byrd
Jr./Grady G. Byrd III and Oaklawn Center, Ltd.; and until Nov. 27,
with respect to Healthcare Realty Services, Inc., as agent for HRT
of Roanoke, Inc.

                       About Liberty Medical

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

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

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtor's counsel; Ernst & Young LLP to provide investment banking
advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent for the Clerk of the Bankruptcy Court.

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


AUTO ORANGE II: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Auto Orange II, LLC
        33395 Camino Capistrano
        San Juan Capistrano, CA 92675

Case No.: 13-19490

Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: James D Zhou, Esq.
                  LAW OFFICES OF ZHOU AND CHINI
                  2151 Michelson Dr Ste 164
                  Irvine, CA 92612
                  Tel: 949-485-4650
                  Fax: 949-484-4907
                  Email: jzhou@zhouchinilaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Barry Baptiste, president.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


AXION INTERNATIONAL: Incurs $1.35-Mil. Net Loss in 3rd Quarter
--------------------------------------------------------------
Axion International Holdings, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss attributable to common shareholders of $1.35
million on $1.27 million of revenue for the three months ended
Sept. 30, 2013, as compared with a net loss attributable to common
shareholders of $1.35 million on $800,007 of revenue for the same
period a year ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss attributable to common shareholders of $5.53 million on
$4.53 million of revenue as compared with a net loss attributable
to common shareholders of $5.31 million on $4.89 million of
revenue for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $7.85
million in total assets, $10.80 million in total liabilities,
$6.56 million in convertible preferred stock and a $9.51 million
total stockholders' deficit.

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

                         http://is.gd/ZwvlEv

                      About Axion International

New Providence, N.J.-based Axion International Holdings, Inc. (OTC
BB: AXIH) - http://www.axionintl.com/-- is the exclusive licensee
of patented and patent-pending technologies developed for the
production of structural plastic products such as railroad
crossties, pilings, I-beams, T-Beams, and various size boards
including a tongue and groove design that are utilized in multiple
engineered design solutions such as rail track, rail and tank
bridges (heavy load), pedestrian/park and recreation bridges,
marinas, boardwalks and bulk heading to name a few.

RBSM LLP, in New York, the auditor, issued a going concern
qualification each in the Company's financial statements for the
years ended Dec. 31, 2010, and 2011.  RBSM LLP noted that the
Company has incurred significant operating losses in current year
and also in the past.  These factors, among others, raise
substantial doubt about the Company's ability to continue as a
going concern, it said.

Axion International reported a net loss of $9.93 for the 12 months
ended Dec. 31, 2011, compared with a net loss of $7.10 million for
the 12 months ended Sept. 30, 2010.  The Company's balance sheet
at June 30, 2013, showed $8.66 million in total assets, $10.84
million in total liabilities, $6.33 million in 10 percent
convertible preferred stock, and a $8.52 million total
stockholders' deficit.


BERNARD L. MADOFF: Deal Over Funds Collapses
--------------------------------------------
Dan Strumpf and Matt Wirz, writing for The Wall Street Journal,
reported that a planned $800 million settlement between one of the
largest investors in the Bernard L. Madoff Ponzi scheme and the
trustee recovering funds for Madoff investors has collapsed,
people familiar with the matter said.

According to the report, the deal between Kingate Management, a
feeder fund to Madoff's firm, and bankruptcy trustee Irving Picard
fell apart after the Justice Department recently announced its
decision to exclude such funds from payouts out of the agency's
$2.35 billion Madoff Victim Fund, which is overseen by Richard
Breeden.

The settlement would have returned about $800 million to the
Madoff bankruptcy trustee, which manages a separate, larger fund
for victims of the fraud that has so far recovered $9.51 billion,
the report related.  Kingate, a hedge fund based in the British
Virgin Islands, invested $1.73 billion in Madoff's firm from 1994
to 2008, according to court filings.

The Justice Department decision caught officials in Mr. Picard's
office by surprise, according to people familiar with the matter,
the report said.

Mr. Picard has been reimbursing only direct Madoff investors,
which includes managers or liquidators of feeder funds, the report
further related.  The provisional settlement with Kingate assumed
Mr. Breeden would adopt a similar approach, people familiar with
the matter said.

                      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.


BLUE DOLPHIN ENERGY: Incurs $2.08-Mil. Net Loss in Q3 of 2013
-------------------------------------------------------------
Blue Dolphin Energy Company filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net loss of $2.08 million on $106.62 million of revenues for the
three months ended Sept. 30, 2013, compared to a net loss of
$0.76 million on $103.86 million of revenues for the same period
last year.

The Company's balance sheet at Sept. 30, 2013, showed
$51.34 million in total assets, $43.37 million in total
liabilities, and stockholders' equity of $7.97 million.

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

                       http://is.gd/Q2rikd

Houston, Tex.-based Blue Dolphin Energy Company (OTC QB: BDCO)
-- http://www.blue-dolphin.com/ -- is engaged in the gathering
and transportation, as well as the exploration and production, of
oil and natural gas.


BIOLIFE SOLUTIONS: Incurs $0.31-Mil. Net Loss in Sept. 30 Quarter
-----------------------------------------------------------------
BioLife Solutions, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net loss of $0.31 million on $2.17 million of revenues for the
three months ended Sept. 30, 2013, compared to a net loss of $0.35
million on $1.68 million of revenues for the same period last
year.

The Company's balance sheet at Sept. 30, 2013, showed $3.21
million in total assets, $16.07 million in total liabilities, and
stockholders' deficit of $12.86 million.

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

                        http://is.gd/gjc1aX

                       About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions disclosed a net loss of $1.65 million in 2012,
as compared with a net loss of $1.95 million in 2011.  The
Company's balance sheet at June 30, 2013, showed $3.43 million
in total assets, $16.09 million in total liabilities and a
$12.66 million total shareholders' deficiency.


BROADCAST INTERNATIONAL: Incurs $147,200 Net Loss in 3rd Quarter
----------------------------------------------------------------
Broadcast International, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $147,266 on $460,309 of net sales for the three
months ended Sept. 30, 2013, as compared with a net loss of
$711,072 on $2.04 million of net sales for the same period a year
ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $2.49 million on $2.91 million of net sales as
compared with a net loss of $49,357 on $5.79 million of net sales
for the same period during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $816,594 in
total assets, $7.68 million in total liabilities and a $6.87
million total stockholders' deficit.

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

                         http://is.gd/grLvDE

                  About Broadcast International

Based in Salt Lake City, Broadcast International, Inc., installs,
manages and supports private communication networks for large
organizations that have widely-dispersed locations or operations.
The Company owns CodecSys, a video compression technology to
convert video content into a digital data stream for transmission
over satellite, cable, Internet, or wireless networks, as well as
offers audio and video production services.  The Company's
enterprise clients use its networks to deliver training programs,
product announcements, entertainment, and other communications to
their employees and customers.

The Company reported net income of $1.30 million in 2011, compared
with a net loss of $18.66 million in 2010.


CAESARS ENTERTAINMENT: Bank Debt Trades at 5% Off
-------------------------------------------------
Participations in a syndicated loan under which Caesars
Entertainment Inc. is a borrower traded in the secondary market at
94.82 cents-on-the-dollar during the week ended Friday, Nov. 22,
2013, according to data compiled by LSTA/Thomson Reuters MTM
Pricing and reported in The Wall Street Journal.  This represents
an increase of 0.57 percentage points from the previous week, The
Journal relates.  Caesars Entertainment Inc. pays 525 basis points
above LIBOR to borrow under the facility. The bank loan matures on
Jan. 1, 2018, and carries Moody's B3 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers
among 205 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

                   About Caesars Entertainment

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

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

The Company incurred a net loss of $1.49 billion on $8.58 billion
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $666.70 million on $8.57 billion of net revenues
during the prior year.  The Company's balance sheet at Sept. 30,
2013, showed $26.09 billion in total assets, $27.59 billion in
total liabilities and a $1.49 billion total deficit.

                           *     *     *

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

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

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

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


CALUMET SPECIALTY: S&P Rates New $225MM Sr. Unsecured Notes 'B+'
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B+'
issue-level rating to Indianapolis, Ind.-based Calumet Specialty
Products Partners L.P. (Calumet) and Calumet Finance Corp.'s
proposed $225 million senior unsecured notes due 2022.  S&P also
assigned its '4' recovery rating to the debt, indicating its
expectation for average (30% to 50%) recovery of principal in the
event of a payment default.

The partnership intends to use net proceeds for general
partnership purposes.  Calumet specializes in the refining and
distribution of specialty hydrocarbon and fuel products across the
U. S.  S&P's 'B+' corporate credit rating and stable outlook on
Calumet is unchanged.  As of Sept. 30, 2013, Calumet had about
$864 million in debt.

RATINGS LIST

Calumet Specialty Products Partners L.P.
Corporate credit rating                       B+/Stable

New Rating

Calumet Specialty Products Partners L.P.
Calumet Finance Corp.
  $225 mil sr unsecd notes due 2022            B+
   Recovery rating                             4


CENTRAL ENERGY: Incurs $113,000 Net Loss in Third Quarter
---------------------------------------------------------
Central Energy Partners LP filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $113,000 on $1.04 million of revenues for the three
months ended Sept. 30, 2013, as compared with a net loss of
$362,000 on $1.46 million of revenues for the same period a year
ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $199,000 on $3.48 million of revenues as compared with
a net loss of $1.09 million on $4.07 million of revenues for the
same period during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $7.94
million in total assets, $8.23 million in total liabilities and a
$290,000 total partners' deficit.

                        Bankruptcy Warning

"Central's ability to raise capital is hindered by the existing
pledge and therefore the ability to obtain additional capital over
the cash generated from operations to make the Hopewell Note
payments, for payment of income taxes, for expansion, capital
improvements to existing assets, for working capital or otherwise
is limited.  In addition, the Partnership has obligations under
existing registrations rights agreements.  These rights may be a
deterrent to any future equity financings.  Management continues
to seek acquisition opportunities for the Partnership to expand
its assets and generate additional cash from operations.  As
described above, there is no assurance that Regional will have
sufficient working capital to cover its ongoing cash requirements
or any of the ongoing overhead expenses of the Partnership for the
period of time that management believes is necessary to complete
an acquisition that will provide additional working capital for
the Partnership.  If the Partnership does not have sufficient cash
reserves, its ability to pursue additional acquisition
transactions will be adversely impacted.  Furthermore, despite
significant effort, the Partnership has thus far been unsuccessful
in completing an acquisition transaction.  There can be no
assurance that the Partnership will be able to complete an
accretive acquisition or otherwise find additional sources of
working capital.  If an acquisition transaction cannot be
completed or if additional funds cannot be raised and cash flow is
inadequate, the Partnership and/or Regional would be required to
seek other alternatives which could include the sale of assets,
closure of operations and/or protection under the U.S. bankruptcy
laws," the Company said in the Quarterly Report.

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

                        http://is.gd/ycWAIL

                   About Central Energy Partners

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

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

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

                        Bankruptcy Warning

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


CENVEO INC: S&P Revises 'B-' Rating Outlook to Negative
-------------------------------------------------------
Standard & Poor's Ratings Services revised its 'B-' rating outlook
on Stamford, Conn.-based diversified printing company Cenveo Inc.
to negative from stable.

Standard & Poor's has reviewed its ratings on Cenveo Inc., which
it labeled as "under criteria observation" (UCO) after the
publishing of its revised Corporate criteria on Nov. 19.  Standard
& Poor's expedited the review of its ratings on Cenveo because of
certain events that arose with the company.  With S&P's criteria
review of Cenveo complete, it has confirmed that its ratings on
this issuer are unaffected by the criteria changes.

"The rating outlook revision reflects the company's weak operating
performance and our expectation for continued pressure on EBITDA.
Adjusted EBITDA declined 22% year-over-year through the first nine
months of 2013 as a result of competitive pricing.  While the
company has sought to raise prices, the effect on volumes may be
further damaging to revenue and EBITDA.  The company's September
2013 acquisition of assets from competitor National Envelope
Company could stabilize or improve pricing in the envelopes
segment, but the company still faces pricing-related obstacles to
retaining National Envelope's customers.  Despite the weak third-
quarter performance, we are not downgrading the company at this
point since the repricing of its term B loan diminishes the risk
of covenant violations over the near term," S&P said.

Over the next year, S&P expects the company's leverage to remain
high, at above 8x, based on its pension- and lease-adjusted
calculations and interest coverage to remain below 2x.  For these
reasons, S&P considers Cenveo's financial risk profile "highly
leveraged" (based on S&P's criteria).  S&P views the company's
business risk profile as "weak" because of Cenveo's participation
in the highly competitive and cyclical printing markets, in which
S&P expects ongoing pricing pressure from industry overcapacity.
S&P views Cenveo's management and governance as "fair."

A midsize company, Cenveo has a leading niche position in
fragmented segments of the printing market, including direct-mail
envelope manufacturing, specialty-label manufacturing, packaging
printing, and technical journal printing.  Despite this, S&P's
assessment of Cenveo's business profile as weak reflects its
expectation for a continuing migration online of certain forms of
printed media--such as journals and periodicals--and intense
pricing pressure.  Cenveo has been relatively effective at cost
management and realizing acquisition synergies, but, in S&P's
view, faces ongoing revenue and excess capacity pressures.


CHILE MINING: Delays Form 10-Q for Third Quarter
------------------------------------------------
Chile Mining Technologies Inc. was unable to file its Form 10-Q
within the prescribed time period without unreasonable effort or
expense due to the fact that the audit of the Company's financial
statements for the quarter ended Sept. 30, 2013, has not been
completed.  The Company anticipates that it will file its Form 10-
Q within the five-day grace period provided by Exchange Act Rule
12b-25.

                         About Chile Mining

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

Chile Mining had a net loss of $4.38 million on $261,089 of sales
for the year ended March 31, 2013, as compared with a net loss of
$3.94 million on $433,554 of sales during the prior fiscal year.
The Company's balance sheet at June 30, 2013, showed $6.88 million
in total assets, $11.59 million in total liabilities and a $4.71
million stockholders' deficiency.

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


CHINA SHIANYUN: Reports $110,500 Net Loss in Third Quarter
----------------------------------------------------------
China Shianyun Group Corp., Ltd., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $110,515 on $495,857 of revenues for the
three months ended Sept. 30, 2013, as compared with net income of
$985,992 on $2.37 million of revenues for the same period a year
ago.

For the nine months ended Sept. 30, 2013, the Company incurred a
net loss of $473,127 on $856,808 of revenues as compared with net
income of $1.53 million on $4.76 million of revenues for the same
period during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed $6.16
million in total assets, $7.12 million in total liabilities and a
$958,992 total stockholders' deficit.

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

                        http://is.gd/dCtfbP

                        About China Shianyun

China Shianyun Group Corp., Ltd., a Nevada Corporation, was
incorporated on Aug. 17, 2006, under the name of Glance, Inc.  On
Jan. 21, 2009, the Company changed its name to China Green
Creative, Inc.  CGC and its subsidiaries are principally engaged
in the distribution of consumer goods in the People's Republic of
China.

China Green disclosed net income of $635,873 on $6.87 million of
revenues for the year ended Dec. 31, 2012, as compared with a net
loss of $344,901 on $1.92 million of revenue during the prior
year.

Madsen & Associates CPA's, Inc., in Salt Lake City, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company does not have the necessary
working capital to service its debt and for its planned activity,
which raises substantial doubt about its ability to continue as a
going concern.


CHOCTAW GENERATION: Fitch Rates $235.3MM Lessor Notes at 'B'
-----------------------------------------------------------
Fitch rates Choctaw Generation Limited Partnership, LLLP's (CGLP)
combined $296.2 million of pari passu lessor notes as follows:

  -- $235.3 million series 1 lessor notes due December 2031 'B',
     Outlook Stable;

  -- $60.9 million series 2 lessor notes due December 2040 'B-',
     Outlook Stable.

Key Rating Drivers:

-- Operations Reliant On Forthcoming Modifications: Owner lessor
    SE Choctaw, LLC (SE Choctaw), a subsidiary of Southern Company
    (Southern; rated 'A' with a Stable Outlook by Fitch), has
    agreed to fund modifications to improve plant performance. The
    operator, also a subsidiary of Southern, is considered capable
    but the facility has yet to establish a track record of stable
    performance and is reliant on successful implementation of
    forthcoming modifications. (Operation Risk: Weaker)

-- Adequate Mine-Mouth Coal Supply: Lignite coal is abundant
    thanks to CGLP's mine-mouth location. The fuel supplier is
    reputable; however, early termination or expiration of the
    supply agreement in 2032 could lead to inadequate fuel cost
    recovery. (Supply Risk: Weaker)

-- Revenue Contract With Strong Counterparty: CGLP has a power
    purchase and operating agreement (PPA) with federally owned
    Tennessee Valley Authority ('AAA'; Negative Watch) through
    mid-2032 for capacity and energy output that generally
    recovers fixed and variable O&M and fuel costs. The series 1
    notes mature four months prior to PPA termination. (Series 1
    Revenue Risk: Midrange)

-- Potential For Significant Merchant Exposure: Under a variety
    of sensitivity scenarios, a significant portion of series 2
    debt would repay after PPA expiration. There is a high level
    of uncertainty regarding CGLP's ability to operate
    economically in a fully merchant environment. (Series 2
    Revenue Risk: Weaker)

-- Debt Structure Lacks Typical Support Features: The debt
    structure provides flexibility to defer repayment but lacks
    typical liquidity support and introduces the potential for
    significant debt repayment from merchant cash flow. Both
    series are senior ranking with fixed-rate interest but lack a
    typical debt service reserve, instead relying on draws from
    other project accounts to fund series 1 payment shortfalls.
    The series 1 notes fully amortize several months prior to PPA
    expiration. The ability to defer series 2 target interest and
    principal payments introduces the risk of a high outstanding
    balance to be repaid after the PPA expires. (Debt Structure:
    Weaker)

Rating Sensitivities:

-- Deviation From Expected Operating Performance: The likelihood
    of repayment of the series 1 notes is highly dependent on
    whether the full benefit of implementation of facility
    modifications is achieved. If the facility displays continuous
    stable operations above Fitch's base case assumptions, the
    series 1 rating could be upgraded. If modifications are
    delayed or do not realize their full intended benefit, or if
    the facility is not able to demonstrate a stable operating
    profile, the series 1 rating could be downgraded.

-- Progress Of Series 2 Repayment: The likelihood of repayment of
    the series 2 notes is highly variable depending on whether or
    not CGLP is meeting its series 2 targeted payments. If the
    targeted payments are being met, such that the projected
    series 2 outstanding balance could be repaid within the
    remaining four months of the PPA term after series 1 matures,
    the series 2 rating could be upgraded. If the projected series
    2 outstanding balance increases or the prospects for the
    facility's ability to operate economically during the fully
    merchant period decline, such that the series 2 debt is not
    expected to repay by final maturity in 2040, the series 2
    notes could be downgraded.

Security:

The lessor notes are senior ranking and pari-passu. The security
interests are typical of project finance transactions and include
all project revenues and accounts, all project agreements (PPA and
supply agreements), as well as the physical assets of CGLP.

Transaction Summary:

In December 2002, SE Choctaw purchased the 440 MW lignite-fired
Red Hills Generation Facility from CGLP. Immediately following the
acquisition, the owner leased the facility back to CGLP under a
45-year lease, expiring Dec. 20, 2047. Lessor notes were issued in
accordance with the lease, but steady declines in performance
prompted a restructuring of the original lessor notes. The lessor
notes were restructured to reduce interest rates, extend the debt
term, and introduce a payment-in-kind feature to series 2 of the
notes. As part of the lease restructuring, the owner lessor agreed
to make approximately $60 million in equity investments to
implement various modifications to improve the performance of the
facility. The restructuring also included a new operator and new
refined coal purchase agreement. Along with the lease
restructuring, the ownership interest in lessee Choctaw was sold
to two indirect wholly owned subsidiaries of PurEnergy I, LLC
(PurEnergy).


CITIZENS NATIONAL: FDIC Discloses Accord With JPMorgan
------------------------------------------------------
The Federal Deposit Insurance Corporation as Receiver for six
failed banks has announced a $515.4 million settlement with
JPMorgan Chase & Co. and its affiliates (JPMorgan) of the
receiverships' federal and state securities law claims based on
misrepresentations in the offering documents for 40 residential
mortgage-backed securities (RMBS) purchased by the failed banks.
The settlement funds will be distributed among the receiverships
for the failed Citizens National Bank, Strategic Capital Bank,
Colonial Bank, Guaranty Bank, Irwin Union Bank and Trust Company,
and United Western Bank.  As part of the settlement, JPMorgan has
agreed to waive any claims for indemnification from the FDIC in
its corporate capacity or its capacity as Receiver for the failed
Washington Mutual Bank based on any part of JPMorgan's $13 billion
settlement with the United States Department of Justice and other
government entities of claims relating to the sale of RMBS,
including the $515.4 million settlement with the FDIC.

FDIC Chairman Martin J. Gruenberg said, "The settlement announced
today will provide a significant recovery for the six FDIC
receiverships. It also fully protects the FDIC from
indemnification claims out of this settlement. The FDIC will
continue to pursue litigation where necessary in order to recover
as much as possible for FDIC receiverships, money that is
ultimately returned to the Deposit Insurance Fund, uninsured
depositors and creditors of failed banks."

As receiver for failed financial institutions, the FDIC may sue
professionals and entities whose conduct resulted in losses to
those institutions in order to maximize recoveries. From May 2012
to September 2012, the FDIC as Receiver for five of the failed
banks filed ten lawsuits against JPMorgan, its affiliates, and
other defendants for violations of federal and state securities
laws in connection with the sale of RMBS. As of October 30, 2013,
the FDIC has authorized lawsuits based on the sale of RMBS to a
total of eight failed institutions and has filed 18 lawsuits
seeking damages for violations of federal and state securities
laws.

Citizens National Bank and Strategic Capital Bank were each placed
into receivership on May 22, 2009; Colonial Bank was placed into
receivership on August 14, 2009; Guaranty Bank was placed into
receivership on August 21, 2009; Irwin Union Bank and Trust
Company was placed into receivership on September 18, 2009; and
United Western Bank was placed into receivership on January 21,
2011.


COATES INTERNATIONAL: Incurs $441,000 Net Loss in Third Quarter
---------------------------------------------------------------
Coates International, Ltd., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $440,955 on $4,800 of sublicensing fee revenue for
the three months ended Sept. 30, 2013, as compared with a net loss
of  $804,235 on $4,800 of sublicensing fee revenue for the same
period during the prior year.

For the nine months ended Sept. 30, 2013, the Company incurred a
net loss of $2.42 million on $14,400 of sublicensing fee revenue
as compared with a net loss of $3.69 million on $14,400 of
sublicensing fee revenue for the same period a year ago.

The Company's balance sheet at Sept. 30, 2013, showed $2.41
million in total assets, $5.75 million in total liabilities and a
$3.33 million total stockholders' deficiency.

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

                        http://is.gd/leGnf5

                    About Coates International

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was incorporated
on August 31, 1988, for the purpose of researching, patenting and
manufacturing technology associated with a spherical rotary valve
system for internal combustion engines.  This technology was
developed over a period of 15 years by Mr. George J. Coates, who
is the President and Chairman of the Board of the Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International disclosed a net loss of $4.53 million on $0
of sales for the year ended Dec. 31, 2012, as compared with a net
loss of $2.99 million on $125,000 of sales for the year ended Dec.
31, 2011.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012, citing negative cash
flows from operations, recurring losses from operations, and a
stockholders' deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


COMMUNICATION INTELLIGENCE: Incurs $1.43-Mil. Loss in 3rd Qtr.
--------------------------------------------------------------
Communication Intelligence Corporation filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss attributable to common stockholders of
$1.43 million on $370,000 of total revenue for the three months
ended Sept. 30, 2013, as compared with a net loss attributable to
common stockholders of $1.17 million on $516,000 of total revenue
for the same period last year.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss attributable to common stockholders of $4.95 million on
$867,000 of total revenue as compared with a net loss attributable
to common stockholders of $3.83 million on $1.70 million of total
revenue for the same period a year ago.

The Company's balance sheet at Sept. 30, 2013, showed $2.05
million in total assets, $2.17 million in total liabilities and a
$124,000 total stockholders' deficit.

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

                        http://is.gd/aDxNQt

                About Communication Intelligence

Redwood Shores, California-based Communication Intelligence
Corporation is a supplier of electronic signature products and the
recognized leader in biometric signature verification.

In its audit report accompanying the financial statements for
2011, PMB Helin Donovan, LLP, in San Francisco, Calif.,
expressed substantial doubt about Communication Intelligence's
ability to continue as a going concern.  The independent auditors
noted that of the Company's significant recurring losses and
accumulated deficit.

The Company reported a net loss of $4.50 million for 2011,
compared with a net loss of $4.16 million for 2010.


COOPER-BOOTH WHOLESALE: Dec. 10 Hearing on Lease Decision Period
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District will convene a
hearing on Dec. 10, 2013, at 11 a.m., to consider Cooper-Booth
Wholesale Company, L.P., et al.'s second motion to extend time to
assume, assign or reject its unexpired lease of non-residential
real property located on 200 Lincoln West Drive, Mountville,
Pennsylvania.

Prior to the Petition Date, the Debtor entered into the following
non-residential real property lease agreement, as tenant, with
Bardon Development, L.L.P., as its landlord.

The Debtor requested for an extension in the lease decision period
until May 30, 2014.  The Debtor related that the landlord has
provided written consent to an extension of time for the Debtor to
assume, assign, or reject the lease agreement until May 30, 2014.

                   About Cooper-Booth Wholesale

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

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

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

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
three members to the Official Unsecured Creditors' Committee in
the Chapter 11 case.

Cooper Booth disclosed $58,216,784 in assets and $35,054,482 in
liabilities as of the Chapter 11 filing.  As of the Petition Date,
the Debtors' total consolidated funded senior debt obligations
were approximately $10.7 million and consisted of, among other
things, $7.72 million owing on a revolving line of credit
facility, $2.83 million owing on a line of credit for the purchase
of equipment, and $166,000 due on a corporate VISA Card.  PNC Bank
asserts that a letter of credit facility is secured by all
personal property owned by Wholesale.  Unsecured trade payables
totaled $22.8 million as of May 21, 2013.


CRYOPORT INC: Delays Form 10-Q for Third Quarter
------------------------------------------------
Cryoport, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
Sept. 30, 2013.

On Nov. 14, 2013, certain directors requested to rescind the
conversion of certain outstanding board of director fees into the
Company's securities due to unintended accounting and tax
consequences of that transaction.  As a result, the Company was
unable to file its Quarterly Report on Form 10-Q in a timely
manner without unreasonable effort and expense.  The Company
expects to file the Quarterly Report on Form 10-Q within the
additional time allowed by this report.

                           About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2013.  The independent
auditors noted that the Company has incurred recurring operating
losses and has had negative cash flows from operations since
inception.  Although the Company has cash and cash equivalents of
$563,104 at March 31, 2013, management has estimated that cash on
hand, which include proceeds from convertible bridge notes
received in the fourth quarter of fiscal 2013, will only be
sufficient to allow the Company to continue its operations into
the second quarter of fiscal 2014.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.

Cryoport incurred a net loss of $6.38 million for the year ended
March 31, 2013, as compared with a net loss of $7.83 million for
the year ended March 31, 2012.  The Company's balance sheet at
June 30, 2013, showed $1.66 million in total assets, $4.68 million
in total liabilities and a $3.02 million total stockholders'
deficit.


CUBIC ENERGY: Reports $2.61-Mil. Net Loss in Q1 Ended Sept. 30
--------------------------------------------------------------
Cubic Energy, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net loss of $2.61 million on $866,702 of total revenues for the
three months ended Sept. 30, 2013, as compared with a net loss of
$1.99 million on $1.0 million of total revenues for the same
period during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed
$19.51 million in total assets, $35.27 million in total
liabilities and a $15.76 million total stockholders' deficit.

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

                        http://is.gd/IazYsv

                         About Cubic Energy

Cubic Energy, Inc., headquartered in Dallas, Texas, is an
independent upstream energy company engaged in the development and
production of, and exploration for, crude oil and natural gas.
Its oil and gas assets and activities are concentrated in
Louisiana.

Cubic Energy incurred a net loss of $5.93 million for the year
ended June 30, 2013, as compared with a net loss of $12.49 million
during the prior fiscal year.  The Company's balance sheet at
June 30, 2013, showed $18.02 million in total assets, $31.19
million in total liabilities, all current, and a $13.16 million
total stockholders' deficit.


CYCLONE POWER: Delays Form 10-Q for Q3 to Complete Audit
--------------------------------------------------------
Cyclone Power Technologies, Inc., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form 12b-
25 with respect to its quarterly report on Form 10-Q for the
quarter ended Sept. 30, 2013.

The Company was unable to file its quarterly report on Form 10-Q
for that period by the prescribed date without unreasonable effort
or expense because the Company's financial review with its
auditors is in process and has not been completed.  The Company
believes that the Quarterly Report will be completed within the
five day extension period provided under Rule 12b-25 of the
Securities Exchange Act of 1934.

                         About Cyclone Power

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

Cyclone Power disclosed a net loss of $3 million on $1.13 million
of revenue for the year ended Dec. 31, 2012, as compared with a
net loss of $23.70 million on $250,000 of revenue in 2011.  The
Company's balance sheet at June 30, 2013, showed $1.36 million
in total assets, $4.26 million in total liabilities and a $2.89
million total stockholders' deficit.

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


DDR CORP: S&P Assigns 'BB+' Corporate Credit Rating
---------------------------------------------------
Standard & Poor's Ratings Services' 'BBB-' rating on Beachwood,
Ohio-based DDR Corp.'s unsecured notes is based on the company's
"satisfactory" business risk profile, reflecting its
geographically diverse portfolio of generally younger, good
quality properties.  S&P considers the financial risk profile to
be "significant" based on improving, but still elevated leverage
metrics relative to most peers.  S&P is also assigning a recovery
rating of '2' to this debt, indicating its expectation for
substantial (70% to 90%) recovery in the event of a payment
default.  Due to the prospects for substantial recovery, S&P
notches the rating on the senior unsecured notes above the
corporate credit rating.

Standard & Poor's has reviewed its ratings on DDR Corp., which it
labeled as "under criteria observation" (UCO) after the publishing
of its revised Corporate criteria on Nov. 19.  Standard & Poor's
expedited the review of its ratings on DDR Corp. because of the
company's announced debt issue.  With S&P's criteria review of DDR
Corp. complete, it has confirmed that its ratings on this issuer
are unaffected by the criteria changes.

RATINGS LIST

DDR Corp.
Corporate Credit Rating                   BB+/Stable/--

New Rating

DDR Corp.
$300 Mil. Senior Unsec. Notes Due 2021    BBB-
   Recovery Rating                         2


DEMCO INC: Section 341(a) Meeting Adjourned to March 24
-------------------------------------------------------
Joseph Allen, the assistant U.S. Trustee, adjourned the meeting of
creditors in the Chapter 11 cases of Demco, Inc., to March 24,
2013, at 1:00 p.m.   The meeting will be held at Buffalo UST -
Olympic Towers.

As reported on Troubled Company Reporter on July 24, the meeting
was adjourned to Nov. 13.

                     About Demco Inc.

Demco, Inc., aka Decommissioning & Environmental Management
Company, is a specialty trade contractor based in West Seneca, New
York, which provides demolition services, nuclear work,
environmental clean-up, disaster response and a variety of other
services throughout the United States and, on a project-by-project
basis, internationally.  Some of Demco's better known demolition
projects in the past have included the Rocky Flats Nuclear Power
Plant, Yankee Stadium, the Orange Bowl, Buffalo Memorial
Auditorium, and the Sunflower Army Ammunition Plant.

Demco filed for Chapter 11 protection (Bankr. W.D.N.Y. Case No.
12-12465) on Aug. 6, 2012.  Bankruptcy Judge Michael J. Kaplan
presides over the case.  Daniel F. Brown, Esq., at Andreozzi,
Bluestein, Fickess, Muhlbauer Weber, Brown, LLP, represents the
Debtor in its restructuring effort.  Freed Maxick CPAs, P.C.
serves as its accountants, and Horizons Consulting, LLC, serves as
its tax consultants. The Debtor estimated assets and debts at $10
million to $50 million.  The petition was signed by Michael J.
Morin, controller.

Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three
creditors to serve on the Official Committee of Unsecured
Creditors.

First Niagara Bank, the cash collateral lender, is represented by
William F. Savino, Esq., at Damon Morey.


DEMCO INC: Court Approves Offset With First Niagara Bank
--------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of New York
approved a stipulation between Demco, Inc. and the First Niagara
Bank, N.A., (i) for authority to set off obligations; and (ii) to
modify automatic stay pursuant to Section 362 of the Bankruptcy
Code to permit said setoff.

The Debtor owes First Niagara in the principal balance in excess
of $8 million.  The Debtor maintains its debtor-in-possession
account with First Niagara.  As of Nov. 13, 2013, there was a
balance of $125,705 in the DIP account, which balance represents
the collateral of First Niagara.

Pursuant to the stipulation, the automatic stay is lifted to the
extent necessary to permit First Niagara to offset against the
funds, in the amount of $125,705 in the DIP Account.

                     About Demco Inc.

Demco, Inc., aka Decommissioning & Environmental Management
Company, is a specialty trade contractor based in West Seneca, New
York, which provides demolition services, nuclear work,
environmental clean-up, disaster response and a variety of other
services throughout the United States and, on a project-by-project
basis, internationally.  Some of Demco's better known demolition
projects in the past have included the Rocky Flats Nuclear Power
Plant, Yankee Stadium, the Orange Bowl, Buffalo Memorial
Auditorium, and the Sunflower Army Ammunition Plant.

Demco filed for Chapter 11 protection (Bankr. W.D.N.Y. Case No.
12-12465) on Aug. 6, 2012.  Bankruptcy Judge Michael J. Kaplan
presides over the case.  Daniel F. Brown, Esq., at Andreozzi,
Bluestein, Fickess, Muhlbauer Weber, Brown, LLP, represents the
Debtor in its restructuring effort.  Freed Maxick CPAs, P.C.
serves as its accountants, and Horizons Consulting, LLC, serves as
its tax consultants. The Debtor estimated assets and debts at $10
million to $50 million.  The petition was signed by Michael J.
Morin, controller.

Tracy Hope Davis, the U.S. Trustee for Region 2, appointed three
creditors to serve on the Official Committee of Unsecured
Creditors.

First Niagara Bank, the cash collateral lender, is represented by
William F. Savino, Esq., at Damon Morey.


DETROIT, MI: Objects to Retiree Committee's Retention of Lazard
---------------------------------------------------------------
The City of Detroit, Michigan objects to the application of the
Official Committee of Retirees for authorization to retain Lazard
Freres & Co., LLC, as financial advisor to the Retiree Committee.

According to papers filed with the Court, the City does not object
per se to the Retiree Committee's retention of Lazard as financial
advisor.  In fact, in connection with the formation of the
Committee, the City agreed that the Committee could retain a
financial advisor and that the City would pay for reasonable
compensation of the Committee's financial advisor.

The City, however, takes issue with several provisions of the
Application, including:

  * Transaction Fee. The City does not agree to pay the
transaction fee contemplated by Section III.B of the Engagement
Letter.  The City believes that payment of a monthly fee to
Lazard (proposed in the Engagement Letter to be $175,000) is
sufficient to compensate Lazard for its services in connection
with the City's Chapter 9 case.  Neither in the parties'
discussions nor in the Fee Review Order is there a suggestion that
the City has agreed to use taxpayer money to pay a transaction or
success fee to Lazard on top of its monthly fees for services
provided.

  * Monthly Fee. The City believes that Lazard's monthly fee
should be pro-rated in instances where Lazard does not
provide a full month of services.

  * Fee Applications. The Application and the Proposed Order
provide that Lazard will file interim and final fee applications
for review and approval of the Court.  However, the fee
application process is not applicable in this Chapter 9 case.
Rather, the review and payment of Lazard's compensation in
this Chapter 9 case are subject to the procedures established in
the Fee Review Order.  Thus, any order granting the Application
should not include references to the filing of fee applications
and should make clear that the payment of Lazard's compensation
and the reimbursement of its expenses are subject to the process
set forth in the Fee Review Order.

  * Expenses and Limitation of Liability. The Engagement Letter
contains reimbursement provisions and limitation of liability
protections to which the City does not and cannot agree.  The City
has agreed to fund certain professionals of the Committee as set
forth in the Fee Review Order, but has not agreed to reimburse
Lazard for any legal fees or expenses of its counsel.  Likewise
the City has not agreed to limit Lazard's liability in connection
with the engagement.  The City cannot be required to agree to such
provisions.

A complete text of the City's Limited Objection is available at:

http://bankrupt.com/misc/cityofdetroit.doc1703.pdf

                   About City of 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.


DR TATTOFF: Delays Form 10-Q for Third Quarter
----------------------------------------------
Dr. Tattoff, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
Sept. 30, 2013.  The Company said the Form 10-Q could not be filed
within the prescribed time period because of issues with the
staffing of the Company's finance department, the timing and
availability of our outside accounting firm and the need to
collect certain information that would make the report on the Form
10-Q complete which could not be done in a timely manner.

                          About Dr. Tattoff

Beverly Hills, Calif.-based Dr. Tattoff, Inc., currently operates
or provides management services to five laser tattoo and hair
removal clinics located in Texas and California, all of which
operate under the Company's registered trademark "Dr. Tattoff."

Dr. Tattoff disclosed a net loss of $2.83 million on $3.20 million
of revenue for the year ended Dec. 31, 2012, as compared with a
net loss of $2.47 million on $2.66 million of revenue during the
prior year.  The Company's balance sheet at June 30, 2013, showed
$2.52 million in total assets, $4.92 million in total liabilities
and $2.40 million total shareholders' deficit.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company's current liabilities exceeded its current assets
by approximately $1,547,000, has shareholders' deficit of
approximately $806,000, has suffered recurring losses and negative
cash flows from operations, and has an accumulated deficit of
approximately $7,407,000 at Dec. 31, 2012, which conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


DVF ADVISORY: Involuntary Chapter 11 Case Summary
-------------------------------------------------
Alleged Debtor: DVF Advisory Group Inc.
                   aka Certified Home Loans Inc.
                9415 Sunset Dr #274
                Miami, FL 33173

Case Number: 13-37978

Involuntary Chapter 11 Petition Date: November 21, 2013

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

Judge: Hon. Jay Cristol

Petitioner's Counsel: not indicated

Alleged Debtor's petitioner:

  Petitioner                    Nature of Claim  Claim Amount
  ----------                    ---------------  ------------
Armando Zamora                  Money owed         $20,000
8971 SW 72 St #327
Miami, FL 33173


E-DEBIT GLOBAL: Delays Form 10-Q for Third Quarter
--------------------------------------------------
E-Debit Global Corporation filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the quarter
ended Sept. 30, 2013.  The Company was unable without unreasonable
effort and expense to compile, disseminate and review the
information required to be presented in the subject Form 10-Q
before the required filing date for such form.

                        About E-Debit Global

Calgary, Canada-based E-Debit Global Corporation's primary
business is the sale and operation of cash vending (ATM) and point
of sale (POS) machines in Canada.

As reported in the TCR on April 23, 2012, Schumacher & Associates,
Inc., in Littleton, Colorado, expressed substantial doubt about E-
Debit Global's ability to continue as a going concern, citing the
Company's net losses for the years ended Dec. 31, 2012, and 2011,
and working capital and stockholders' deficits at Dec. 31, 2012,
and 2011.

E-Debit Global incurred a net loss of $831,276 in 2012 as compared
with a net loss of $1.09 million in 2011.

The Company's balance sheet at March 31, 2013, showed
US$1.2 million in total assets, US$3.4 million in total
liabilities, and a stockholders' deficit of US$2.2 million.


EAT AT JOE'S: Posts $932,000 Net Income in Third Quarter
--------------------------------------------------------
Eat at Joe's Ltd. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $931,989 on $364,924 of revenues for the three months ended
Sept. 30, 2013, as compared with a net loss of $144,654 on
$269,570 of revenues for the same period during the prior year.

For the nine months ended Sept. 30, 2013, the Company reported net
income of $4.55 million on $968,992 of revenues as compared with a
net loss of $166,436 on $872,042 of revenues for the same period a
year ago.

The Company's balance sheet at Sept. 30, 2013, showed $6.59
million in total assets, $2.38 million in total liabilities and
$4.21 million in total stockholders' equity.

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

                        http://is.gd/TG2KKk

                       About Eat at Joe's

Scarsdale, N.Y.-based Eat at Joe's, Ltd., presently owns and
operates one theme restaurant located in Philadelphia,
Pennsylvania.

Eat at Joe's disclosed net income of $1.92 million on $1.12
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $152,909 on $1.07 million of revenue during the
preceding year.

Robison, Hill & Co., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


ECO BUILDING: Delays Form 10-Q for Third Quarter
------------------------------------------------
Eco Building Products, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the quarter
ended Sept. 30, 2013.  The Company's quarterly report could not be
filed within the prescribed time period due to the Company
requiring additional time to prepare and review the quarterly
report for the specified period.  That delay could not be
eliminated by the Company without unreasonable effort and expense.
In accordance with Rule 12b-25 of the Securities Exchange Act of
1934, the Company will file its Form 10-Q no later than five
calendar days following the prescribed due date.


                          About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Eco Building incurred a net loss of $24.59 million on $5.22
million of total revenue for the year ended June 30, 2013, as
compared with a net loss of $11.17 million on $3.72 million of
total revenue during the prior year.

The Company's balance sheet at June 30, 2013, showed $2.17 million
in total assets, $17.82 million in total liabilities and a $15.64
million total stockholders' deficit.

Sam Kan & Company, in Alameda, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2013.  The independent auditors noted
that the Company has generated minimal operating revenues, losses
from operations, significant cash used in operating activities and
its viability is dependent upon its ability to obtain future
financing and successful operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


ELITE PHARMACEUTICALS: Incurs $9.6MM Loss in Sept. 30 Quarter
-------------------------------------------------------------
Elite Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss attributable to common shareholders of $9.63 million on
$1.15 million of total revenues for the three months ended
Sept. 30, 2013, as compared with net income attributable to common
shareholders of $1.04 million on $634,517 of total revenues for
the same period a year ago.

For the six months ended Sept. 30, 2013, the Company reported a
net loss attributable to common shareholders of $8.71 million on
$1.88 million of total revenues as compared with a net loss
attributable to common shareholders of $9.47 million on $1.21
million of total revenues for the same period during the prior
year.

The Company's balance sheet at Sept. 30, 2013, showed $17.41
million in total assets, $23.26 million in total liabilities and a
$5.85 million total stockholders' deficit.

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

                        http://is.gd/H34P9p

                     About Elite Pharmaceuticals

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

Elite Pharmaceuticals reported net income attributable to common
shareholders of $1.48 million on $3.40 million of total revenues
for the year ended March 31, 2013, as compared with a net loss
attributable to common shareholders of $15.05 million on $2.42
million of total revenues for the year ended March 31, 2012.

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


EMPIRE DIE: Creditors' Panel Hires Freeborn & Peters as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Empire Die
Casting Co., Inc. seeks authorization from the Hon. Marilyn Shea-
Stonum of the U.S. Bankruptcy Court for the Northern District of
Ohio to retain Freeborn & Peters LLP as counsel, effective
Oct. 30, 2013.

The Committee required Freeborn & Peters to:

   (a) advise the Committee on all legal issues as they arise;

   (b) represent and advise the Committee regarding the term of
       any sales of assets or plans of reorganization or
       liquidation, and assist the Committee in negotiations with
       the Debtor and other parties;

   (c) investigate the Debtor's assets and pre-bankruptcy conduct;

   (d) prepare, on behalf of the Committee, all necessary
       pleadings, reports, and other papers;

   (e) represent and advise the Committee in all proceedings in
       this case;

   (f) conduct an investigation concerning any claims or causes of
       action held by the estate against any secured creditor of
       the Debtor, as well as an investigation of the validity,
       priority and extent of the liens, claims and security
       interests asserted by any such secured creditors;

   (g) assist and advise the Committee in its administration; and

   (h) provide other services as are customarily provided by
       counsel to a creditors' committee in cases of this kind.

Freeborn & Peters will be paid at these hourly rates:

       Richard S. Lauter, Partner      $585
       Thomas R. Fawkes, Partner       $505
       Devon J. Eggert, Associate      $335
       Brian J. Jackiw, Associate      $285
       New Associates                  $265
       Senior Partners                 $820
       Paraprofessionals            $150-$280

Freeborn & Peters gave a voluntary 10% discount as courtesy to the
Debtor.

Freeborn & Peters will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Richard S. Lauter, partner and the chair of the Bankruptcy and
Financial Restructuring Practice Group of Freeborn & Peters,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Freeborn & Peters can be reached at:

       Richard S. Lauter, Esq.
       FREEBORN & PETERS LLP
       311 South Wacker Drive, Suite 3000
       Chicago, IL 60606
       Tel: (312) 360-6641
       Fax: (312) 360-6520
       E-mail: rlauter@freeborn.com

                      About Empire Die

Macedonia, Ohio-based Empire Die Casting Co., Inc., sought
protection under Chapter 11 of the Bankruptcy Code on Oct. 16,
2013 (Case No. 13-52996, Bankr. N.D. Ohio).  The case is before
Judge Marilyn Shea-Stonum.

The Debtor is represented by Marc B. Merklin, Esq., and Kate M.
Bradley, Esq., at Brouse McDowell, LPA, in Akron, Ohio.

FirstMerit Bank, N.A. is represented by Scott N. Opincar, Esq., at
McDonald Hopkins LLC, in Cleveland, Ohio.

The Debtor discloses estimated assets of $10 million to $50
million and estimated liabilities of $1 million to $10 million.

The petition was signed by Robert Hopkins, president.


EMPIRE DIE: Taps Roetzel and Stites as Special Counsel
------------------------------------------------------
Empire Die Casting Co., Inc. asks permission from the Hon. Marilyn
Shea-Stonum of the U.S. Bankruptcy Court for the Northern District
of Ohio to employ Roetzel & Andress, LPA and Stites & Harbison,
PLLC as special counsel, nunc pro tunc to Oct. 16, 2013.

The Proposed Special Counsel, Roetzel & Andress and Stites &
Herbison, will provide legal representation to the Debtor related
to its claim against Oreck and Oreck's bankruptcy estate,
including those matters that were pending as of petition date and
any other, further matters arising in the Oreck bankruptcy case.

The Proposed Special Counsel will be paid at these hourly rates:

       Roetzel & Andress
       -----------------
       Patricia B. Fugee         $340

            - and -

       Stites & Harbison
       -----------------
       Erika R. Barnes           $275

The Proposed Special Counsel will also be reimbursed for
reasonable out-of-pocket expenses incurred.

In the period from Oct. 16, 2012 to the petition date, Roetzel &
Andress received $91,328.59 and Stites & Harbison received $3,905
in compensation from the Debtor for prepetition advise and
assistance.  As of the petition date, the Debtor owed nothing to
Roetzel & Andress and $495 to Stites & Harbison on account of
prepetition services rendered and expenses incurred on behalf of
the Debtor.  Stites & Harbison did not hold a retainer from the
Debtor on the petition date.  However, as of the petition date,
Roetzel & Andress held a retainer from the Debtor in the amount of
$4,189.10.

Patricia Fugee, partner of Roetzel & Andress, and Erika R. Barnes,
member of Stites & Harbison, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtors and their estates.

The Proposed Special Counsel can be reached at:

       Patricia B. Fugee, Esq.
       ROETZEL & ANDRESS, LPA
       One Seagate, Ste. 1700
       Toledo, OH 43604
       Tel: (419) 254-5261
       Fax: (419) 242-0316
       E-mail: pfugee@ralaw.com

            - and -

       Erika R. Barnes, Esq.
       STITES & HARBISON, PLLC
       401 Commerce Street, Ste. 800
       Nashville, TN 37219
       Tel: (615) 782-2252
       Fax: (615) 742-0734
       E-mail: ebarnes@stites.com

                      About Empire Die

Macedonia, Ohio-based Empire Die Casting Co., Inc., sought
protection under Chapter 11 of the Bankruptcy Code on Oct. 16,
2013 (Case No. 13-52996, Bankr. N.D. Ohio).  The case is before
Judge Marilyn Shea-Stonum.

The Debtor is represented by Marc B. Merklin, Esq., and Kate M.
Bradley, Esq., at Brouse McDowell, LPA, in Akron, Ohio.

FirstMerit Bank, N.A. is represented by Scott N. Opincar, Esq., at
McDonald Hopkins LLC, in Cleveland, Ohio.

The Debtor discloses estimated assets of $10 million to $50
million and estimated liabilities of $1 million to $10 million.

The petition was signed by Robert Hopkins, president.


EPAZZ INC: Delays Form 10-Q for Third Quarter
---------------------------------------------
Epazz, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
Sept. 30, 2013.  The Company has been unable to complete its
Quarterly Report on Form 10-Q for the said quarter within the
prescribed time because of delays in completing the preparation of
its financial statements and its management discussion and
analysis.  Therefore, the Company requires additional time in
order to prepare and file its Form 10-Q.

                        About EPAZZ Inc.

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

Epazz incurred a net loss of $1.90 million on $1.19 million of
revenue for the year ended Dec. 31, 2012, as compared with a net
loss of $336,862 on $735,972 of revenue for the year ended
Dec. 31, 2011.  As of March 31, 2013, the Company had $1.29
million in total assets, $1.87 million in total liabilities and a
$585,790 total stockholders' deficit.

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

                        Bankruptcy Warning

"We cannot be certain that any such financing will be available on
acceptable terms, or at all, and our failure to raise capital when
needed could limit our ability to continue and expand our
business.  We intend to overcome the circumstances that impact our
ability to remain a going concern through a combination of the
commencement of additional revenues, of which there can be no
assurance, with interim cash flow deficiencies being addressed
through additional equity and debt financing.  Our ability to
obtain additional funding for the remainder of the 2012 year and
thereafter will determine our ability to continue as a going
concern.  There can be no assurances that these plans for
additional financing will be successful.  Failure to secure
additional financing in a timely manner to repay our obligations
and supply us sufficient funds to continue our business operations
and on favorable terms if and when needed in the future could have
a material adverse effect on our financial performance, results of
operations and stock price and require us to implement cost
reduction initiatives and curtail operations.  Furthermore,
additional equity financing may be dilutive to the holders of our
common stock, and debt financing, if available, may involve
restrictive covenants, and strategic relationships, if necessary
to raise additional funds, and may require that we relinquish
valuable rights.  In the event that we are unable to repay our
current and long-term obligations as they come due, we could be
forced to curtail or abandon our business operations, and/or file
for bankruptcy protection; the result of which would likely be
that our securities would decline in value and/or become
worthless," according to the Company's annual report for the
period ended Dec. 31, 2012.


EQUITABLE LIFE: A.M. Best Affirms 'B' Fin. Strength Rating
----------------------------------------------------------
A.M. Best Co. has removed from under review with developing
implications and affirmed the financial strength rating of B
(Fair) and issuer credit rating of "bb+" of Equitable Life &
Casualty Insurance Company (Equitable Life & Casualty) (Salt Lake
City, UT).  The outlook assigned to both ratings is stable.

The ratings for Equitable Life & Casualty were previously placed
under review with developing implications following A.M. Best's
discussions with the company's new management team and based on
disclosures in its first-quarter 2013 statutory filing that
indicated Chris McDaniel was appointed president and that majority
shareholder, E. Rod Ross, entered into an agreement to sell his
shares of the company to Mr. McDaniel.  However, in November 2013,
the sales agreement was withdrawn.

The rating affirmations reflect Equitable Life & Casualty's
current negotiation of a reinsurance transaction to bolster its
relatively modest risk-adjusted capital position.  Through
September 2013, the company reported a $1.7 million net loss as
well as an associated deterioration in its absolute and risk-
adjusted capital levels due in part to the strengthening of its
long-term care reserves.

The rating affirmations also reflect business improvement actions
implemented in 2013 by Equitable Life's new management team.
These actions include managing the challenging closed long-term
care block via multiple initiatives; entering new reinsurance
treaties, which reinsure the vast majority of the company's
Medicare supplement and final expense businesses; reducing
expenses; and generating new sources of non-risk administrative
revenue.

Although the outlook on Equitable Life & Casualty's ratings is
stable, negative rating actions could occur if the reinsurance
transaction, which is currently under negotiation, does not
materialize and result in improved capitalization.  Alternatively,
positive rating actions could occur if the company significantly
grows its risk-adjusted capital and surplus level while increasing
profitability and successfully managing its run-off long-term care
business.


EVERTEC INC: Bank Debt Trades at 3% Off
---------------------------------------
Participations in a syndicated loan under which Evertec Inc. is a
borrower traded in the secondary market at 97.35 cents-on-the-
dollar during the week ended Friday, Nov. 22, 2013, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents an increase of 0.25
percentage points from the previous week, The Journal relates.
Evertec Inc. pays 275 basis points above LIBOR to borrow under the
facility.  The bank loan matures on April 4, 2020, and carries
Moody's B1 rating and Standard & Poor's BB- rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

As reported in the Troubled Company Reporter on March 22, 2013,
Moody's Investors Service assigned a B1 rating to EVERTEC Group,
LLC's proposed Senior Secured Credit Facilities. Moody's also
placed the B2 corporate family and B2-PD Probability of Default
ratings under review for upgrade, based on EVERTEC's plan for a
primary issuance of shares through an Initial Public Offering.


EWGS INTERMEDIARY: Judge Sets Dec. 3 Auction
--------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that
Edwin Watts Golf Shops LLC plans to hold a Dec. 3 auction for its
91 stores, which have struggled to compete against big-box
competitors for the smaller pool money that customers have been
willing to spend on golf merchandise since the economic recession.

                     About EWGS Intermediary

EWGS Intermediary and Edwin Watts Golf Shops, which operate as an
integrated, multi-channel retailer, offering brand name golf
equipment, apparel and accessories, filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 13-12876).  They are
represented by Domenic E. Pacitti, Esq., and Michael W. Yurkewicz,
Esq., at Klehr Harrison Harvey Branzburg LLP, in Wilmington,
Delaware.  The Debtors tapped Bayshore Partners LLC as their
investment banker, FTI Consulting, LLC, as their financial
advisors, and Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent.  The Company indicates total assets greater than
$100 million on its Chapter 11 petition.


FAIRMONT GENERAL: Koenig Appointed as Patient Care Ombudsman
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of West
Virginia approved the appointment of:

         Suzanne Koenig
         SAK Management Services, LLC
         One Northfield Plaza, Suite 480
         Northfield, IL 60093
         Tel: (847) 446-8400

as the patient care ombudsman in the Chapter 11 cases of Fairmont
General Hospital, et al.

On Nov. 13, 2013, the Court directed Judy A. Robbins, U.S. Trustee
for Region 4, to appoint a patient care ombudsman.

The ombudsman will, among other things:

   1) monitor the quality of patient care provided to patients of
the Debtor, to the extent necessary under the circumstances,
including interviewing patients and physicians;

   2) not later than 60 days after the date of appointment, and
not less frequently than at 60-day intervals thereafter, report to
the court after notice to the parties in interest, at a hearing or
in writing, regarding the quality of patient care provided to
patients of the debtor; and

   3) if such ombudsman determines that the quality of patient
care provided to patients of the debtor is declining significantly
or is otherwise being materially compromised, file with the court
a motion or a written report, with notice to the parties in
interest immediately upon making such determination.

                      The Debtors' Objection

The Debtors previously moved the Court to find that a patient care
ombudsman is not necessary in the cases and to dispense with the
appointment of a patient care ombudsman.  The U.S. Trustee
objected to the motion, and requested that the Court find that an
ombudsman is necessary and order the appointment of an ombudsman.

                   About Fairmont General

Fairmont General Hospital Inc. and Fairmont Physicians, Inc.,
which operate a 207-bed acute-care facility in Fairmont, West
Virginia, sought Chapter 11 bankruptcy protection (Bankr. N.D.
W.Va. Case No. 13-01054) on Sept. 3, 2013, listing between
$10 million and $50 million in both assets and debts.

The fourth-largest employer in Marion County, West Virginia, filed
for bankruptcy as it looks to partner with another hospital or
health system.

The Debtors are represented by Rayford K. Adams, III, Esq., and
Casey H. Howard, Esq., at Spilman Thomas & Battle, PLLC, in
Winston-Salem, North Carolina; David R. Croft, Esq., at Spilman
Thomas & Battle, PLLC, in Wheeling, West Virginia, and Michael S.
Garrison, Esq., at Spilman Thomas & Battle, PLLC, in Morgantown,
West Virginia.  The Debtors' financial analyst is Gleason &
Associates, P.C.  The Debtors' claims and noticing agent is Epiq
Bankruptcy Solutions.

The Debtor disclosed $48,568,863 in assets and $54,774,365 in
liabilities as of the Chapter 11 filing.

UMB Bank is represented by Nathan F. Coco, Esq., and Suzanne Jett
Trowbridge, Esq., at McDermott Will & Emery LLP.

The Committee of Unsecured Creditors is represented by Andrew
Sherman, Esq., and Boris I. Mankovetskiy, Esq., at Sills Cummis &
Gross P.C. and Kirk B. Burkley, Esq., Bernstein Burkley, P.C.  The
Committee's local counsel is Janet Smith Holbrook, Esq., at
Huddleston Bolen LLP.


FIRST ACCEPTANCE: A.M. Best Affirms 'B' Finc'l. Strength Rating
---------------------------------------------------------------
A.M. Best Co. has affirmed the financial strength rating (FSR) of
B (Fair) and issuer credit ratings (ICR) of "bb+" of the
subsidiaries of First Acceptance Corporation (First Acceptance)
(Delaware) [NYSE: FAC].  Concurrently, A.M. Best has affirmed the
ICR of "b" of First Acceptance. The outlook for all ratings is
stable.

The ratings of First Acceptance are based upon below average
earnings; concentration of risk in private passenger non-standard
auto lines; and weakened economic conditions compounded by
investment earnings challenges due to the low interest rate
environment.  These negative rating factors are offset in part by
First Acceptance's supportive risk-adjusted capitalization and
sound balance sheet liquidity, geographic spread of underwriting
risk, along with favorable earnings over the last 15 months.

The company's generally unfavorable earnings performance has
mainly been driven by underwriting losses, which increased between
2009 and 2012, while investment income was decreasing during the
same period.  Underwriting losses in recent years were negatively
impacted by increased claims severity, storm losses and higher
expenses, as well as declining revenue from premium writings.
Premium volume and additional fees charged to policyholders were
down due to declining production and the weakened economy.  The
company's investment income was lower from reductions in invested
assets and low interest rates.

First Acceptance's underwriting risk is concentrated in private
passenger non-standard auto lines, subject to higher risk of loss
and competitive market conditions.  However, capitalization
remains supportive of the ratings and underwriting risk is spread
across several Southern and Southeastern states.  In addition,
earnings have been favorable since July 1, 2012, as a result of
earnings initiatives taking hold.  These initiatives include
raising rates, closing under-performing retail stores, improving
claims handling and underwriting, investing in enhancing the sales
experience in its retail stores and through the internet and a
dedicated call center.

First Acceptance's ratings may be further stabilized by a
continuance of the current positive earnings and capital
appreciation.  However, the outlook may be revised to negative
and/or the ratings downgraded by weakening in the company's risk-
adjusted capitalization or an unprofitable earnings trend.

The ICR of First Acceptance is based on the consolidated financial
strength of its insurance subsidiaries; its acceptable level of
financial leverage from debt; its ability to fund the debt without
having to take extraordinary dividends out of the insurance
companies; and the subordination of the holding company's
creditors to the insurance companies' policyholders.

The FSR of B (Fair) and ICRs of "bb+" have been affirmed for the
following pooled subsidiaries of First Acceptance Corporation:

* First Acceptance Insurance Company, Inc.
* First Acceptance Insurance Company of Georgia, Inc.
* First Acceptance Insurance Company of Tennessee, Inc.


FISKER AUTO: Files for Bankruptcy, Hybrid Buys Defaulted Loan
-------------------------------------------------------------
Mike Ramsey, writing for The Wall Street Journal, reported that
Hybrid Technology LLC has agreed to buy Fisker Automotive Inc.'s
defaulted federal loan as part of its effort to buy the company,
while Fisker filed for Chapter 11 bankruptcy protection as part of
the deal.

According to the report, the Energy Department said that of the
$192 million owed to the government by Fisker, it has recovered
$53 million, leaving $139 million unpaid, the department said.

The Energy Department in October launched an auction of Fisker's
loan, which had a $168 million unpaid balance, the report related.
The department didn't disclose how much Hybrid Technology paid to
acquire the loan.

Fisker built $109,000 plug-in hybrid sports cars, but the company
stopped producing vehicles in July 2012 and effectively ceased
operations earlier this year, the report said.  The Anaheim,
Calif.-based company filed for bankruptcy in Wilmington, Del.

"This purchase marks the first step toward an acquisition of
Fisker's assets by an affiliate of HT that will eventually lead to
the restarting of production and distribution of the Karma sedan,
as well as the development and production of future advanced
hybrid electric vehicles," Hybrid Technology said in a statement,
the report further related.


FLORIDA GAMING: Seeks to Keep Grip on Bankruptcy Case
-----------------------------------------------------
Patrick Fitzgerald, writing for DBR Small Cap, reported that
Florida Gaming Centers Inc. is seeking to retain sole control of
Miami Jai-Alai's Chapter 11 case as it moves to sell the historic
South Florida sporting venue and casino at a bankruptcy auction
next year.

                        About Florida Gaming

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

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

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

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

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at STEARNS WEAVER MILLER WEISSLER
ALHADEFF & SITTERSON, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.


FOOTHILL/EASTERN TRANSPORTATION: Moody's Rates 2nd Lien Bonds Ba1
-----------------------------------------------------------------
Moody's Investors Service assigns a Ba1 to the second senior lien
Series 2013A and 2013B bonds and a Ba1 to the junior lien Series
2013C bonds of the Foothill/Eastern Transportation Corridor Agency
(F/ETCA or agency). Moody's also downgrades to Ba1 from Baa3 the
rating on the outstanding bonds, including the senior series 1995
bonds, which are not being refunded. The rating outlook is stable.

Rating Rationale:

The Ba1 rating and stable outlook for all the liens reflects the
agency's high debt load, long period of traffic under-performance
relative to the 1999 financing forecast and a refinancing plan
that extends the final maturity by 13 years, defers substantial
principal into future years, and has a negative net present value
of approximately $65 million. These factors are balanced against
the stabilization of traffic in recent months, the agency's track
record of increasing rates to offset traffic declines and
substantial liquidity.

Outlook:

The stable rating outlook at the Ba1 level is based on traffic
growth in recent months and increased revenue through toll
increases, maintenance of ample current unrestricted liquidity and
dedicated reserves, and Moody's expectation that traffic and
revenue will recover in tandem with the economic recovery in
Orange County. The stable outlook also acknowledges that traffic
growth is ahead of the 2013 forecast, though it remains below the
1999 financing forecast. The road will require growth to meet an
escalating debt service requirement. Moody's expects that the
restructuring will enable the agency to meet debt service
requirements and the 1.3 times rate covenant primarily with net
revenues, though FYs 2014 to 2018 include a mechanism for
contingent transfers from dedicated reserves.

What Could Change the Rating - Up:

Upside potential for the rating would be closely correlated with
accelerated development in the corridor that generates
consistently higher than forecasted growth in traffic and
revenues, as well as higher DSCRs from net operating revenues.
More clarity regarding the development of a feasible plan of
finance for Foothill South, without an adverse impact on F/ETCA's
financial operations also could exert positive credit pressure.

What Could Change the Rating - Down:

The agency's credit rating would be negatively pressured by lower
than forecasted traffic and revenue due to slower than currently
forecasted traffic and revenue growth or failure to implement rate
increases as needed to provide the minimum covenanted 1.3 times
DSCR for senior and 1.15 times for aggregate debt service without
use of reserves. The rating also could be pressured by risks
related to substantial additional borrowing for and construction
of the Foothill-South extension.

Strengths:

- Independent toll raising ability and above average service area
   socio-economic indicators

- A record of toll increases almost annually in recent years

- Ample liquidity levels and cash-funded DSRFs

- No current construction risk or ramp up risk, although this
   will change if the Foothill South project is undertaken

- Some debt service smoothing and expenditure relief with this
   refunding

Challenges:

- Annual debt service continues to escalate post-refunding and
   repayment relies on higher than historic traffic and revenue
   growth and annual toll rate increases

- Toll rates are currently among the highest for US toll roads

- Construction of the Foothill South project could pressure
   agency finances in the long-term, depending on the ultimate
   construction cost and financial feasibility of that project

- The mitigation agreement with the SJHTCA, including, upon
   satisfaction of certain findings, a potential loan of up to
   $1.04 billion, may impact the agency's ability to accumulate
   cash, though recent SJHTCA indenture amendments and debt
   restructuring make this unlikely


FRESH & EASY: Yucaipa to Take Over 150 Stores
---------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
Ron Burkle's Yucaipa Cos. won court approval on Nov. 22 to take
over about 150 Fresh & Easy Neighborhood Market stores, salvaging
most of Tesco PLC's U.S. grocery-chain venture.

According to the report, Judge Kevin Carey signed off on the deal,
which is being financed by the British retailer with a
$120 million loan, part of an agreement struck before Tesco put
Fresh & Easy under Chapter 11 bankruptcy protection.

Yucaipa is projecting the relaunched Fresh & Easy will "likely
achieve positive Ebitda [earnings before interest, taxes,
depreciation and amortization] of tens of millions of dollars," an
attorney for Yucaipa told Judge Carey at a hearing in the U.S.
Bankruptcy Court in Wilmington, Del., the report related.

Yucaipa tapped James Keyes, former chief executive of 7-Eleven
Inc., to come up with a winning strategy for Fresh & Easy and
negotiate the deal with Tesco, the report said.  His solution is
to deliver "healthy, high-quality product at an affordable price."

Fresh & Easy creditors backed the deal, which allows Yucaipa to
walk away with the working capital, because it means a much
lighter load of debt to be resolved in bankruptcy, the report
further related.

                       About Fresh & Easy

Fresh & Easy Neighborhood Market Inc., and its affiliate filed
Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-12569 and
13-12570) on Sept. 30, 2013.  The petitions were signed by James
Dibbo, chief financial officer.  Judge Kevin J. Carey presides
over the case.

Fresh & Easy owes $738 million to Cheshunt, England-based Tesco,
the U.K.'s biggest retailer. Fresh & Easy never made a profit and
lost an average of $22 million a month in the 12 months ended in
February, according to court papers.

Jones Day serves as lead bankruptcy counsel.  Richards, Layton &
Finger, P.A., serves as local Delaware counsel.  Alvarez & Marsal
North America, LLC, serves as financial advisors, and Alvarez &
Marsal Securities, LLC, serves as investment banker.  Prime Clerk
LLC acts as the Debtors' claims and noticing agent.  Gordon
Brothers Group, LLC, and Tiger Capital Group, LLC, serves as the
Debtors' consultant. The Debtors estimated assets of at least $100
million and liabilities of at least $500 million.

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 Fresh & Easy Neighborhood
Market Inc., et al.


FRIENDFINDER NETWORK: Dec. 16 Hearing on Plan Confirmation
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will
convene a hearing on Dec. 16, 2013, at 11 a.m., to consider the
confirmation of PMGI Holdings Inc., et al.'s Second Amended Joint
Plan of Reorganization.  Objections, if any, are due Dec. 9, at 5
p.m.

On Nov. 5, Bankruptcy Court approved the Amended Disclosure
Statement with respect to the Second Amended Plan.

Written ballots accepting or rejecting the Second Amended Plan are
due Dec. 9, at 5 p.m. (prevailing Eastern Time).

As reported in the Troubled Company Reporter on Nov. 15, 2013,
creditor Quy Dong objected to the Amended Disclosure Statement.
Dong is a former employee of Debtors Friendfinder Networks, Inc.,
and Various Inc.  On May 28, 2013, Dong filed an action against
Debtors alleging causes of action under California and federal
employment law in Santa Clara County, California Superior Court,
which action Debtors removed to the United States District Court,
Northern District of California, on June 28, 2013.  On Sept. 17,
2013, the Debtors filed for bankruptcy, staying the Action.

                          The Plan

On Oct. 21, 2013, the Debtors filed an Amended Joint Chapter 11
Plan of Reorganization and Amended Disclosure Statement.  On
Nov. 1, 2013, the Debtors filed a Second Amended Joint Chapter 11
Plan of Reorganization and an Amended Disclosure Statement.

A copy of the Second Amended Joint Chapter 11 Plan is available at
http://bankrupt.com/misc/friendfinder.doc257.pdf

A copy of the Amended Disclosure Statement with respect to the
Second Amended Joint Chapter 11 Plan is available at:

         http://bankrupt.com/misc/friendfinder.doc258.pdf

                    About FriendFinder Networks

FriendFinder Networks and affiliates, including lead debtor PMGI
Holdings Inc., sought bankruptcy protection (Bankr. D. Del. Lead
Case No. 13-12404) on Sept. 17, 2013, estimating assets of
$465.3 million and debt totaling $662 million.

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

On Sept. 21, 2013, the Debtors filed a plan of reorganization
containing details on a reorganization worked out with about 80
percent of first and second-lien lenders before the Sept. 17
Chapter 11 filing.  Under the Plan, holders of the $234.3 million
in 14 percent first-lien notes will receive accrued interest plus
an equal amount in new 14 percent first-lien notes to mature in
five years.  Excess cash will be used in part to pay down
principal on the notes before maturity.  Holders of $330.8 million
in two issues of second-lien notes are to receive all the new
equity.

U.S. Bankruptcy Judge Christopher Sontchi approved the company's
disclosure statement, a description of the reorganization plan, at
a hearing on Nov. 5 in Wilmington, Delaware.

FriendFinder will seek court approval of its reorganization plan
to exit bankruptcy at a hearing scheduled for Dec. 16.  Objections
to the plan have to be filed by Dec. 9.


GERALD CHAMPION: S&P Affirms 'B+' Rating on $71MM 2012A Bonds
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' long-term
rating on Gerald Champion Regional Medical Center (GCRMC), N.M.'s
$71 million series 2012A bonds and removed the rating from
CreditWatch with negative implications.  At the same time,
Standard & Poor's assigned a negative outlook to the rating.

"The affirmed 'B+' rating is based on our view of GCRMC's group
credit profile and the obligated entity's core status," said
Standard & Poor's credit analyst Karl Propst.  "The negative
outlook reflects our view of the medical center's worse-than-
budgeted operating loss year-to-date through Sept. 30 and the
potential negative effect on debt service coverage, as well as the
deterioration of unrestricted reserves, which, while technically
still currently compliant with bond covenants, could lead to a
covenant breach if unrestricted reserves do not materially improve
by the next measurement date," continued Mr. Propst.

On June 27, 2013, S&P placed the rating on CreditWatch with
negative implications pending collection of accounts receivable
and the receipt of sole community provider funds that were needed
for the medical center to avoid a violation of its minimum days'
cash covenant, and due to its below 1.1x minimum debt service
coverage ratio, which would lead to an event of default under the
bond documents at its June 30 fiscal year-end.  Prior to the end
of its fiscal year, GCRMC received the funds due and met the
minimum days' cash test; however, financial metrics remain very
weak.


GLOBAL AVIATION: Seeks to Pay $1.42-Mil. to Essential Vendors
-------------------------------------------------------------
Global Aviation Holdings Inc., et al., seek authority from the
U.S. Bankruptcy Court for the District of Delaware to pay certain
prepetition claims asserted under Section 503(b)(9) of the
Bankruptcy Code, claims that might be entitled to assert various
lien claims against the Debtors, and claims of vendors who supply
goods under the Perishable Agricultural Commodities Act.  These
claims, according to Christopher A. Ward, Esq., at Polsinelli PC,
in Wilmington, Delaware, are claims filed by essential suppliers
of goods and services.  The Debtors are seeking authority to make
payments totaling more than $1.42 million to pay the claims.

                  About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- is the
parent company of North American Airlines and World Airways.
North American Airlines, founded in 1989, operates passenger
charter flights using B767-300ER aircraft.  Founded in 1948, World
Airways -- http://www.woa.com-- operates cargo and passenger
charter flights using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented the prior Chapter 11 reorganization in February.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The new petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

The Debtors are represented by Kourtney Lyda, Esq., at Haynes and
Boone, LLP, in Houston, Texas; and Christopher A. Ward, Esq., at
Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GLOBAL AVIATION: Taps Kurtzman Carson as Claims & Noticing Agent
----------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized Global Aviation Holdings Inc., et
al., to employ Kurtzman Carson Consultants, LLC, as claims and
noticing agent.  Prior to the Petition Date, the Debtors provided
Kurtzman Carson a retainer in the amount of $10,000.

                  About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- is the
parent company of North American Airlines and World Airways.
North American Airlines, founded in 1989, operates passenger
charter flights using B767-300ER aircraft.  Founded in 1948, World
Airways -- http://www.woa.com-- operates cargo and passenger
charter flights using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented the prior Chapter 11 reorganization in February.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The new petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

The Debtors are represented by Kourtney Lyda, Esq., at Haynes and
Boone, LLP, in Houston, Texas; and Christopher A. Ward, Esq., at
Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GLOBAL AVIATION: Seeks to Reject 6 Unnecessary Aircraft
-------------------------------------------------------
Global Aviation Holdings Inc., et al., seeks authority from the
U.S. Bankruptcy Court for the District of Delaware to reject
certain aircraft and engine leases.  The Debtors have identified
six aircraft and spare enginges that are no longer necessary to
operate their business in accordance with their business plan.

                  About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- is the
parent company of North American Airlines and World Airways.
North American Airlines, founded in 1989, operates passenger
charter flights using B767-300ER aircraft.  Founded in 1948, World
Airways -- http://www.woa.com-- operates cargo and passenger
charter flights using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented the prior Chapter 11 reorganization in February.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The new petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

The Debtors are represented by Kourtney Lyda, Esq., at Haynes and
Boone, LLP, in Houston, Texas; and Christopher A. Ward, Esq., at
Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GREENESTONE HEALTHCARE: Reports $87,000 Net Loss in Q3 of 2013
--------------------------------------------------------------
Greenestone Healthcare Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q,
reporting a net loss of $86,953 on $1,705,196 of revenues for the
three months ended Sept. 30, 2013, compared to a net loss of
$553,194 on $1,335,700 of revenues for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $1.25
million in total assets, $4.27 million in total liabilities, and
stockholders' deficit of $3.01 million.

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

                       http://is.gd/Yg8GYl

Greenestone Healthcare Corporation -- http://www.greenestone.net/
-- operates medical and healthcare clinics in Ontario, Canada.
GreeneStone's clinics serve to add overflow capacity to an
increasingly stretched provincial healthcare system, and provide
private alternatives to publicly available healthcare services.
Its four medical clinics (three in Toronto, along with a facility
in Muskoka, Ontario) offer various medical services, including
addiction treatment, endoscopy, minor cosmetic procedures, and
executive health care services.


GREAT CHINA INTERNATIONAL: Reports $640K Loss in Q3 of 2013
-----------------------------------------------------------
Great China International Holdings, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q, reporting a net loss of $0.64 million on $1.78 million of
revenues for the three months ended Sept. 30, 2013, compared to a
net loss of $0.42 million on $1.9 million of revenues for the same
period last year.

The Company's balance sheet at Sept. 30, 2013, showed $58.97
million in total assets, $34.95 million in total liabilities, and
stockholders' equity of $24.02 million.

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

                       http://is.gd/PD8Wk8

                About Great China International

Shenyang, P.R.C.-based Great China International Holdings, Inc.,
was incorporated in the State of Nevada on Dec. 4, 1987, under the
name of Quantus Capital, Inc.  The Company, through its various
indirect subsidiaries, has been engaged for more than 20 years in
commercial and residential real estate investment, development,
sales and/or management in the city of Shenyang, Liaoning
Province, in the People's Republic of China.

                          *     *     *

Kabani & Company, Inc., in Los Angeles, California, expressed
substantial doubt about Great China International's ability to
continue as a going concern, following its report on the Company's
consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that the Company has a
working capital deficit of $28.1 million and $27.6 million as of
Dec. 31, 2012, and 2011, respectively, and in addition, the
Company has negative cash flow for each of the two years in the
period ended Dec. 31, 2012, of $366,882 and $3.3 million
respectively.


GROEB FARMS: Hires Deloitte Tax as Advisor
------------------------------------------
Groeb Farms, Inc., seeks permission from the Hon. Walter Shapero
of the U.S. Bankruptcy Court for the Eastern District of Michigan
to employ Deloitte Tax LLP as tax advisor, nunc pro tunc to
Oct. 1, 2013.

The Debtor requires Deloitte Tax to:

   (a) advise the Debtor in the Debtor's work with the Debtor's
       counsel and the Debtor's financial advisors on the cash
       tax effects of restructuring and bankruptcy and the
       post-restructuring tax profile, including plan of
       reorganization tax costs.  This will include gaining an
       understanding of the Debtor's financial advisors'
       valuation model and disclosure model to consider
       accuracy of tax assumptions;

   (b) advise the Debtor regarding the restructuring and
       bankruptcy emergence process from a tax perspective,
       including the tax work plan;

   (c) advise the Debtor on the cancellation of debt income
       for tax purposes under Internal Revenue Code section 108;

   (d) advise the Debtor on post-bankruptcy tax attributes
       available under the applicable tax regulations and
       the reduction of such attributes based on the Debtor's
       operating projections, including a technical analysis
       of the effects of Treasury Regulation Section 1.1502-28
       and the interplay with IRC sections 108 and 1017, if
       applicable;

   (e) advise the Debtor on potential effect of the Alternative
       Minimum Tax in various post-emergence scenarios;

   (f) advise the Debtor on the effects of tax rules under IRC
       sections 382(l)(5) and (l)(6) pertaining to the post-
       bankruptcy net operating loss carryovers and limitations on
       their utilization and the Debtor's ability to qualify for
       IRC section 382(l)(5);

   (g) advise the Debtor on net built-in gain or net built-in loss
       position at the time of "ownership change", including
       limitations on use of tax losses generated from post-
       restructuring or post-bankruptcy asset or stock sales;

   (h) advise the Debtor as to the proper treatment of
       post-petition interest for state and federal income
       tax purposes;

   (i) advise the Debtor as to the proper state and federal
       income tax treatment of prepetition and post-petition
       reorganization costs including restructuring-related
       professional fees and other costs, the categorization
       and analysis of such costs, and the technical positions
       related thereto;

   (j) advise the Debtor in Debtor's evaluation and modeling of
       the tax effects of liquidating, disposing of assets,
       merging or converting entities as part of the
       restructuring, including the effects on federal and
       state tax attributes, state incentives, apportionment
       and other tax planning;

   (k) advise the Debtor on state income tax treatment and
       planning for restructuring or bankruptcy provisions
       in various jurisdictions including cancellation of
       indebtedness calculation, adjustments to tax attributes
       and limitations on tax attribute utilization;

   (l) advise the Debtor on responding to tax notices and
       audits from various taxing authorities;

   (m) advise the Debtor on income tax return reporting of
       bankruptcy issues and related matters;

   (n) advise the Debtor in its review and analysis of the tax
       treatment of items adjusted for financial reporting
       purposes as a result of "fresh start" accounting as
       required for the emergence date of the U.S. financial
       statements in an effort to identify the appropriate tax
       treatment of adjustments to equity and other tax basis
       adjustments to assets and liabilities recorded;

   (o) assist in documenting as appropriate, the tax analysis,
       development of the Debtor's opinions, recommendation,
       observations, and correspondence for any proposed
       restructuring alternative tax issue or other tax matter;

   (p) advise the Debtor regarding other state or federal income
       tax questions that may arise in the course of this
       engagement, as requested by the Debtor, and as may be
       agreed to by Deloitte Tax; and

   (q) advise the Debtor in the Debtors' efforts to calculate
       tax basis in the stock in each of the Debtor's subsidiaries
       or other entity interests.

Deloitte Tax will be paid at these hourly rates:

       National Partner/Principal/Director    $800
       Partner/Principal/Director             $680
       Senior Manager                         $600
       Manager                                $475
       Senior                                 $450
       Staff                                  $290

Deloitte Tax will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Deloitte Tax was owed an amount of $8,710 in fees for its pre-
petition services as of the petition date.  Subject to and
contingent upon the Court's approval of the Application, Deloitte
Tax agrees to waive its claim in this amount.  Deloitte Tax was
paid $33,109 for its pre-petition tax services in the 90-day
period prior to the Petition Date. This amount did not include a
$10,000 retainer which was also paid on or about Sept. 24, 2013
and was fully applied prior to the Petition Date.

John Jarvis, director of Deloitte Tax, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Deloitte Tax can be reached at:

       John Jarvis
       DELOITTE TAX LLP
       555 East Wells Street, Ste 1400
       Milwaukee, WI 53202
       Tel: (414) 977-5432
       Fax: (414) 905-0576

                       About Groeb Farms

Headquartered in Onsted, Mich., Groeb Farms is one of the largest
honey packers in the nation.  For more than 30 years, the company
has provided the finest, top quality, wholesome and safe honey and
related food products to industrial and retail customers as well
as the American consumer.

The Company sought protection under Chapter 11 of the Bankruptcy
Code on Oct. 1, 2013 (Case No. 13-58200, Bankr. E.D. Mich.).
Judge Walter Shapero is overseeing the case.  The Debtor is
represented by Judy A. O'Neill, Esq., and John A. Simon, Esq., at
Foley & Lardner LLP, in Detroit, Michigan.  Conway MacKenzie,
Inc., serves as financial advisor, while Houlihan Lokey Capital,
Inc., investment banker and also as financial advisor.  Kurtzman
Carson Consultants LLC is the Debtors' claims, noticing, and
balloting agent.

Daniel M. McDermott, United States Trustee for Region 9, has
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.  The Creditors' Committee members are: Bees
Brothers, LLC, Little Bee Impex, Delta Food International Inc.,
Buoye Honey, and Citrofrut SA de CV.

HC Capital Holdings 0909A, LLC, an affiliate of Honey Financing
Company, LLC, extended $27 million senior secured super-priority
revolving credit facility to the Debtors.  The DIP Lender is
represented by Leonard Klingbaum, Esq., at Kirkland & Ellis
LLP, in New York.


GYMBOREE CORP: Bank Debt Trades at 3% Off
-----------------------------------------
Participations in a syndicated loan under which Gymboree Corp. is
a borrower traded in the secondary market at 97.07 cents-on-the-
dollar during the week ended Friday, Nov. 22, 2013, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 0.18
percentage points from the previous week, The Journal relates.
Gymboree Corp. pays 350 basis points above LIBOR to borrow under
the facility. The bank loan matures on Feb. 23, 2018, and carries
Moody's B2 rating and Standard & Poor's B- rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

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

                           *     *     *

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


HALLWOOD GROUP: Has $1.07-Mil. Loss for Nine Months Ended Sept. 30
------------------------------------------------------------------
The Hallwood Group Incorporated filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net income of $633,000 on $30.27 million of revenues for the three
months ended Sept. 30, 2013, compared to a net loss of $1.06
million on $27.15 million of revenues for the same period last
year.

The Company also reported a net loss of $1.07 million on $94.04
million of revenues for the nine months ended Sept. 30, 2013,
compared to a net loss of $11.84 million on $100.21 million of
revenues for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $65.88
million in total assets, $25.75 million in total liabilities, and
stockholders' equity of $40.13 million.

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

                        http://is.gd/LxX2aV

                        About Hallwood Group

Dallas, Texas-based The Hallwood Group Incorporated (NYSE MKT:
HWG) operates as a holding company.  The Company operates its
principal business in the textile products industry through its
wholly owned subsidiary, Brookwood Companies Incorporated.

Brookwood is an integrated textile firm that develops and produces
innovative fabrics and related products through specialized
finishing, treating and coating processes.

Prior to October 2009, The Hallwood Group Incorporated held an
investment in Hallwood Energy, L.P. ("Hallwood Energy").  Hallwood
Energy was a privately held independent oil and gas limited
partnership and operated as an upstream energy company engaged in
the acquisition, development, exploration, production, and sale of
hydrocarbons, with a primary focus on natural gas assets.  The
Company accounted for the investment in Hallwood Energy using the
equity method of accounting.  Hallwood Energy filed for bankruptcy
in March 2009.  In connection with the confirmation of Hallwood
Energy's bankruptcy in October 2009, the Company's ownership
interest in Hallwood Energy was extinguished and the Company no
longer accounts for the investment in Hallwood Energy using the
equity method of accounting.

Hallwood Group incurred a net loss of $17.94 million in 2012, as
compared with a net loss of $6.33 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $70.82 million in total
assets, $30.97 million in total liabilities and $39.85 million in
total stockholders' equity.

Deloitte & Touche LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company is dependent on its subsidiary to receive the cash
necessary to fund its ongoing operations and obligations.  It is
uncertain whether the subsidiary will be able to make payment of
dividends to its fund ongoing operations.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


HOWELL TOWNSHIP: Fitch Affirms B Rating on $125MM LTGO Bonds
------------------------------------------------------------
Fitch Ratings affirms the following ratings for Howell Township,
Michigan:

-- $125,000 limited tax general obligation (LTGO) bonds series
    2004 at 'B';

-- Implied unlimited tax general obligation bonds (ULTGO) at
    'B+'.

The Rating Outlook is revised to Stable from Negative.

Security:

The bonds are secured by the township's full faith and credit
general obligation, subject to applicable constitutional,
statutory, and charter limitations. Debt service on LTGO bonds has
historically been paid from revenues from the waste water
treatment plant that the bonds were issued to construct.

Key Rating Drivers:

POSSIBLE 2015 RESERVE DEPLETION: Management projects that debt
service payments for the special assessment bonds could deplete
available water/sewer (w/s) fund reserves in May 2014 and general
fund reserves in May 2015. Fitch believes the projection is
conservative based on recent collection experience.

General Fund Liquidity Adequate: The general fund made a loan to
the w/s fund to pay debt service in 2011. The loan remains
outstanding, and revenue raising opportunities are limited.
Nonetheless, the general fund has maintained a consistent cash
position due to expenditure reductions and careful cost
containment practices.

Rate Increases Have Not Restored Stability: The township has
raised utility rates and introduced a debt service fee for the w/s
fund. However, these increases have been insufficient to allow the
w/s fund to fully support LTGO bonds, as was intended. Repayment
is therefore expected to become partly reliant on general fund
support.

Taxable Value Declines: Declines in taxable value (TV) of the
township's limited tax base are a concern as property tax revenue
is approximately 43% of general fund revenues. Recent development
activity indicates valuation may increase in 2014.

Revenue Raising Options Limited: The one-notch distinction between
the implied ULTGO rating and the LTGO rating reflects the limited
level of overall financial flexibility given that the township's
revenue raising options are restricted.

Rating Sensitivities:

The rating is sensitive to shifts in fundamental credit
characteristics including the township's ability to maintain
adequate liquidity. The Stable Outlook reflects Fitch's
expectation that such shifts are highly unlikely at the current
rating level. The Fitch rated bonds mature May 1, 2014.

Credit Profile:

W/S Operations Remain Unstable:

The township issued its special assessment bonds to provide
financing for w/s infrastructure in anticipation of housing
developments. These developments were canceled due to the 2007-
2008 recession. Subsequent significant shortfalls in special
assessment revenues have pressured the township's finances,
necessitating extensive revenue and expenditure adjustments. As an
interim step, the general fund loaned the w/s fund $1.4 million to
cover debt service and expenditures in fiscal 2011, approximately
$900,000 of which is outstanding. There is no set repayment
schedule, although the loan is included as a receivable on the
general fund balance sheet.

In fiscal 2012, utility rates increased (the sewer rate doubled
while the water rate increased 30%) and the township instated a
debt service fee. While the increases generate additional revenue,
with August and November 2012 millage failures, the fund remains
unable to repay the general fund loan and dependent on further
support. Management does not anticipate placing another millage
before voters. With 82% of voters voting against the measure in
November 2012, Fitch expects that there will be little support for
additional millages.

Budget-basis w/s fund performance for 2013 indicates a $588,504
surplus before depreciation and general fund transfers. The
township does not anticipate that the w/s fund will borrow from
the general fund in fiscal 2014, instead planning to use remaining
enterprise cash to make debt service payments.

Management Projects May 2015 Depletion of Reserves:

Budget projections through fiscal 2014 indicate that w/s reserves,
which are being used for debt service payments, will be exhausted
after its May 2014 bond payment. Thereafter, the township will
likely need to rely more heavily on general fund support. Current
projections using historical average revenues show, and Fitch cash
flow projections concur, that general fund cash will be exhausted
with the township's May 2015 bond payment without significant
revenue infusions.

Township Options Limited:

With the failure of millages in 2012, Fitch believes the
township's options have become increasingly limited. Fitch
believes that outside management such as a state emergency
financial manager may be key to averting a payment default in May
2015. The township could utilize the financial emergency law -
Local Fiscal Stability and Choice Act Process Public Act 436 of
2012 (PA 436) which includes provisions for an emergency manager
and/or bankruptcy process. The township does not anticipate using
the financial emergency law based on improving cash flows.

The township is proceeding with the sale of various tax lien
properties associated with canceled developments to fully offset
bond payments the township has already made, recoup other fees and
penalties, and provide special assessment payments for the life of
the bonds. While such sales could help considerably with the
township's ability to repay special assessment debt, Fitch
believes that this scenario is subject to considerable execution
risk and is not a factor in the township's current rating.

Debt Service Burden Dwarfs Positive General Fund Operations:

The magnitude of the township's debt service shortfall dwarfs
general fund operations. Debt service in fiscal 2012 was $2.5
million or 315% of general fund expenditures. The township has
maintained large general fund balances relative to its very small
budget in the past five years and reports similar results in
fiscal 2013. Ending unrestricted general fund balance was $2.8
million or 340% of expenditures.

Budget-basis results for fiscal year (FY) 2013 indicate a surplus
of $336,000, similar to the fiscal 2012 surplus, and a
commensurate increase to fund balance. Fitch discounts much of the
fund balance as it includes a $1.1 million receivable from the
utility funds which Fitch does not expect to be repaid before the
general fund balance is needed for debt service. Without this, the
fund balance of slightly more than $1 million would cover only 38%
of annual debt service.

The township reported approximately $1 million in general fund
cash at June 30, 2013. This provides a small cushion for any
unexpected revenue shortfalls or spending needs. However, drastic
expenditure reductions in the general fund have left little room
for further cuts and revenue raising opportunities are limited.

The township's fiscal 2014 budget does not include use of general
fund balance and otherwise continues limited operations.
Management reports revenues and expenditures in all funds are
outperforming budget for the first three months of the fiscal
year.

Increases in General Fund Revenue Uncertain:

Taxable values (TV) in the township saw sharp declines in recent
years with the largest decline of 12% occurring in fiscal 2011.
2012 TV declined 1.5%, below the 5%-7% declines projected by the
county assessor and well below the 15% decline budgeted by the
township. The township is already levying the maximum operating
millage under the Headlee amendment, so management cannot offset
TV declines with a rate adjustment to avoid a drop in property tax
revenue. The township's tax base is very small, magnifying
concerns about the potential volatility of property tax revenue.
Modest recent development activity may lead to small positive
valuation growth in 2014.

Declines in state funding fiscal 2009 and 2010 were reversed with
a large increase in 2011 and another increase in 2012. As the
state economy begins to recover it is likely that the township
will see small increases in constitutionally determined state
shared revenue as well. The township gets no statutory state
shared revenue.

Limited Local Economy Show Signs of Improvements:

Howell Township is a small community of approximately 6,000
residents across 39 square miles located between Lansing and
Detroit. Township employment data is unavailable; unemployment in
Livingston County was 7.4 in July 2013, below the state rate of
9.7% and on par with the national rate.

The unemployment rate in the county has declined approximately 15%
from the same month last year, with minimal labor force declines
indicating the possible beginnings of a recovery. Expansions at
Magna International (automotive supplier) and BD Electrical Inc.
combined with the relocation of Michigan Automatic Turning Inc.
(transmission shaft and gear manufacturer for off-highway
equipment), formerly AA Gear, to the township will provide for
additional job growth in the area.

High Debt Burden, Manageable Pension Obligations:

The township's overall debt burden is high at $4,527 per capita
and 10% of market value (including special assessment bonds).
Principal amortization is above average, with 78% of the total
outstanding retired within 10 years. Pensions for township
employees are provided through a township run single employer
defined contribution plan. The fiscal 2012 contribution was
moderate at 7% of general fund expenditures. The township does not
provide other post-employment benefits. Overall debt carrying
costs are very high at 236% of governmental spending given that
debt is related to enterprise funds. Net enterprise revenues
covered debt service at a weak 0.83x for 2012.


INERGETICS INC: Has $3.06 Million Loss in Quarter Ended Sept. 30
----------------------------------------------------------------
Inergetics, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, reporting a net loss
of $3.06 million on $0.2 million of revenues for the three months
ended Sept. 30, 2013, compared to a net loss of $1.65 million on
$0.01 million of revenues for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $4.06
million in total assets, $20.53 million in total liabilities, and
stockholders' deficit of $16.47 million.

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

                        http://is.gd/hug7UU

                          About Inergetics

Paramus, N.J.-based Inergetics, Inc., formerly Millennium
Biotechnologies Group, Inc., is a holding company for its
subsidiary Millennium Biotechnologies, Inc.  Millennium is a
research based bio-nutraceutical corporation involved in the field
of nutritional science.  Millennium's principal source of revenue
is from sales of its nutraceutical supplements, Resurgex Select(R)
and Resurgex Essential(TM) and Resurgex Essential Plus(TM) which
serve as a nutritional support for immuno-compromised individuals
undergoing medical treatment for chronic debilitating diseases.
Millennium has developed Surgex for the sport nutritional market.
The Company's efforts going forward will focus on sales of Surgex
in powder, bar and ready to drink forms.

Inergetics disclosed a net loss of $4.27 million in 2012, as
compared with a net loss of $5.47 million in 2011.

Friedman LLP, in Marlton, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that the
Company has incurred substantial accumulated deficits and
operating losses and has a working capital deficiency of
$4,518,870.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


INFINIA CORP: Parsons Behle Approved as Committee Counsel
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Utah authorized the
Official Committee of Unsecured Creditors in the Chapter 11 case
of Infinia Corporation and Powerplay Solar I, LLC, to retain
Parsons Behle & Latimer as its counsel.

As reported in the Troubled Company Reporter on Nov. 13, 2013,
Parsons Behle is expected:

   (a) represent the Committee in its investigation of, analysis
       of, and consultations with the Debtor concerning the
       history, operation, and liquidation of the Debtor's
       businesses and assets and the administration of the
       Debtor's cases;

   (b) represent the Committee and the interests of unsecured
       creditors in negotiations toward, and the confirmation and
       consummation of, any reorganization plan;

   (c) represent the Committee and the interests of unsecured
       creditors in all matters before the Court in this case; and

   (d) perform all other necessary legal services that are in the
       best interest of the Committee and the unsecured creditors
       of the Debtor.

J. Thomas Beckett will be primarily responsible for Parsons
Behle's representation of the Committee.  His billing rate is $450
per hour. Other attorneys and paraprofessionals will assist on an
as-needed basis.

Parsons Behle will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Beckett, shareholder of Parsons Behle, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

                        About Infinia Corp.

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.  The
Debtors are represented by George B. Hofmann, Esq., at Parsons
Kinghorn & Harris, P.C., in Salt Lake City, Utah.

J. Thomas Beckett, Esq., at Parsons Behle & Latimer, represents
the Official Committee of unsecured Creditors.


INTELSAT S.A.: S&P Puts 'B' CCR on CreditWatch Positive
-------------------------------------------------------
Standard & Poor's Ratings Services said it placed its 'B'
corporate credit rating and all other ratings on Luxembourg-based
FSS provider Intelsat S.A. on CreditWatch with positive
implications.  S&P has removed the ratings from "under criteria
observation" (UCO).

"The positive CreditWatch listing primarily reflects our
reassessment of the importance of earnings volatility and absolute
profitability in Intelsat's business risk profile," said Standard
& Poor's credit analyst Michael Altberg.

S&P views the company as having low earnings volatility and above
average profitability compared to most telecom and cable
companies.  This is a result of its strong revenue backlog and
high adjusted EBITDA margin, in the high-70% area.  Intelsat's
revenue backlog, as of Sept. 30, 2013, was $10.3 billion, or
roughly 4x annualized revenues.  Moreover, the company's cash
flows are fairly predictable because the large majority of
operating costs are fixed and modest following a satellite launch.
S&P expects lease-adjusted leverage will remain in the mid-to-
high-7x area over the next few years on muted revenue and EBITDA
growth due to a lack of material satellite launches.  However,
free operating cash flow will benefit from reduced interest
expense from recent refinancing actions, customer prepayments, and
reduced capital spending.

The CreditWatch listing reflects the potential for a one-notch
upgrade of the company, to 'B+' from 'B'.  S&P would also expect
that all issue-level ratings, including the 'BB-' issue-level
rating on the company's senior secured debt at Intelsat Jackson
Holdings S.A., would be raised by one notch.  S&P expects to
resolve the CreditWatch listing within a month.


JC PENNEY: Bank Debt Trades at 3% Off
-------------------------------------
Participations in a syndicated loan under which JC Penney is a
borrower traded in the secondary market at 97.25 cents-on-the-
dollar during the week ended Friday, Nov. 22, 2013, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents an increase of 0.34
percentage points from the previous week, The Journal relates.
JC Penney pays 500 basis points above LIBOR to borrow under the
facility. The bank loan matures on April 29, 2018, and carries
Moody's B2 rating and Standard & Poor's B- rating.  The loan is
one of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

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

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 4, 2013,
Fitch Ratings has downgraded the Issuer Default Ratings (IDRs) on
J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. to 'CCC'
from 'B-'.


JEFFERSON COUNTY, AL: Judge Approves Bankruptcy-Restructuring Plan
------------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that a
bankruptcy judge cleared Jefferson County, Ala., to exit Chapter 9
protection with a plan that cuts its $3.1 billion sewer debt
nearly in half but places a heavy repayment burden on residents
for decades to come.

According to the report, at a hearing on Nov. 21 in the U.S.
Bankruptcy Court in Birmingham, Ala., Judge Thomas Bennett said he
would confirm the county's bankruptcy-exit plan, which lays out a
sewer bond-repayment strategy and the difficult cost-cutting
measures that elected leaders have taken on since putting the
658,000-resident county under Chapter 9 protection two years ago.

The plan was crafted around about $1.4 billion worth of bond
breaks that county officials negotiated with bondholders, who
began extending money to the county in 1997 for construction
projects to stop sewage from flowing into local rivers, the report
related.

Judge Bennett's confirmation, the last major step in the
bankruptcy process, was granted after about 14 hours of courtroom
arguments, mostly from two activist lawyers who questioned whether
the county can afford the $1.7 billion in sewer debt that still
remains, the report said.

Jefferson County is scheduled to repay its new sewer debt over 40
years for a total cost of about $6.7 billion, with the biggest
payments to bondholders coming as the repayment period ends in
2053, the report further related.

                     About Jefferson County

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

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

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

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

The county said it would use the bankruptcy court to put a value
on the sewer system, in the process fixing the amount bondholders
should be paid through Chapter 9.

Judge Thomas B. Bennett presides over the Chapter 9 case.  Lawyers
at Bradley Arant Boult Cummings LLP and Klee, Tuchin, Bogdanoff &
Stern LLP, led by Kenneth Klee, represent the Debtor as counsel.
Kurtzman Carson Consultants LLC serves as claims and noticing
agent.  Jefferson estimated more than $1 billion in assets.  The
petition was signed by David Carrington, president.

The bankruptcy judge in January 2012 ruled that the state court-
appointed receiver for the sewer system largely lost control as a
result of the bankruptcy. Before deciding whether Jefferson County
is eligible for Chapter 9, the bankruptcy judge will allow the
Alabama Supreme Court to decide whether sewer warrants are the
equivalent of "funding or refunding bonds" required under state
law before a municipality can be in bankruptcy.

U.S. District Judge Thomas B. Bennett ruled in March 2012 that
Jefferson County is eligible under state law to pursue a debt
restructuring under Chapter 9.  Holders of more than $3 billion in
defaulted sewer debt had challenged the county's right to be in
Chapter 9.

In June 2013, the county reached settlement with holders of
78 percent of the $3.1 billion in sewer debt at the core of the
county's financial problems.  The bondholders will be paid
$1.84 billion through a refinancing, according to a term sheet.
The settlement calls for JPMorgan Chase & Co., the owner of
$1.22 billion in bonds, to make the largest concessions so other
bondholder will recover more.

On June 30, 2013, Jefferson County filed a Chapter 9 plan of debt
adjustment.  Pursuant to the Plan, sewer bondholders will receive
65 percent in cash.  If they elect to waive claims against
JPMorgan and bond insurers, they receive 80 percent in cash.
Bondholders supporting the plan already agreed to waive claims and
receive the larger recovery.  Existing sewer bonds will be
canceled in exchange for payments under the plan.  The county will
fund plan distributions by selling new sewer bonds calculated to
generate $1.96 billion to cover the $1.84 billion earmarked for
existing sewer bondholders.  JPMorgan has agreed to waive $842
million of the sewer debt and a $657 million swap debt, resulting
in an 88 percent overall write off by JPMorgan.  To finance the
new sewer bonds, there will be 7.4 percent in rate increases for
sewer customers in each of the first four years.  In later years,
rate increases will be 3.5 percent.


KJJ VENTURES: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: KJJ Ventures, LLC
        636 South Central Avenue
        Atlanta, GA 30354

Case No.: 13-75357

Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: John A. Moore, Esq.
                  THE MOORE LAW GROUP, LLC
                  1745 Martin Luther King Jr. Dr.
                  Atlanta, GA 30314
                  Tel: 678-288-5600
                  Fax: 888-553-0071
                  Email: jmoore@moorelawllc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kristen Barnett, authorized member.

The Debtor did not file a list of its largest unsecured creditors
when it filed the petition.


LAMPLIGHTER ON THE RIVER: Involuntary Chapter 11 Case Summary
-------------------------------------------------------------
Alleged Debtor: Lamplighter on the River
                   aka Lamplighter Mobile Home Park
                8406 Cindy Way
                Tampa, FL 33637

Case Number: 13-15370

Involuntary Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Petitioners' Counsel: Michael C Markham, Esq.
                      JOHNSON POPE BOKOR RUPPEL & BURNS LLP
                      Post Office Box 1368
                      Clearwater, FL 33757
                      Tel: 813-225-2500
                      Fax: 813-223-7118
                      Email: mikem@jpfirm.com

Alleged Debtor's petitioners:

  Petitioners                  Nature of Claim   Claim Amount
  -----------                  ---------------   ------------
Nelson Steiner                                   not indicated
401 S. Albany Ave
Tampa, FL 33606

Steiner Properties, general partner              not indicated
401 S. Albany Ave
Tampa, FL 33606


LATTICE INC: Has $3.33-Mil. Working Capital Deficit at Sept. 30
---------------------------------------------------------------
Lattice Incorporated filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net income of $49,445 on $2.17 million of total revenues for the
three months ended Sept. 30, 2013, as compared with a net loss of
$107,317 on $2.12 million of total revenues for the same period
during the prior year.

The Company's balance sheet at Sept. 30, 2013, showed
$4.59 million in total assets, $6.3 million in total liabilities,
and a $1.71 million total stockholders' deficit.

At Sept. 30, 2013 the Company had a working capital deficiency of
$3,330,000.  This compared to a working capital deficiency of
$3,561,000 at December 31. 2012.  The Company's working capital
deficiency and constrained liquidity raises substantial doubt
regarding the Company's ability to continue as a going concern.

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

                        http://is.gd/IazYsv

                         About Lattice Inc.

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

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

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2012.  The
independent auditors noted that the Company has a history of
operating losses, has a working capital deficit and requires
additional working capital to meet its current liabilities.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


LIME ENERGY: Reports $3.8 Million Net Loss in Third Quarter
-----------------------------------------------------------
Lime Energy Co. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.84 million on $13.35 million of revenue for the three months
ended Sept. 30, 2013, as compared with a net loss of $6.59 million
on $8.62 million of revenue for the same period during the prior
year.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $12.58 million on $37.51 million of revenue as
compared with a net loss of $15.44 million on $25.17 million of
revenue for the same period a year ago.

As of Sept. 30, 2013, the Company had $33.15 million in total
assets, $26.70 million in total liabilities and $6.45 million in
total stockholders' equity.

"We are very pleased with the continued growth in revenue and
margin improvements realized during the third quarter," commented
John O'Rourke, Lime Energy's CEO.  "The quarterly results, which
were largely in line with our expectations, benefited from the
ramp up of our new utility contracts and continued efficiency
improvements in existing programs."

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

                         http://is.gd/xx3pJv

                         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.

Lime Energy disclosed in regulatory filings in July 2013, it is in
discussions with PNC Bank about entering into a forbearance
agreement in which they would agree not to accelerate a loan for a
period of time while the Company attempts to correct the gas flow
issue and sell its landfill-gas facility.  The bank is considering
the Company's request.


MERRIMAN HOLDINGS: Has $1.22-Mil. Loss in Quarter Ended Sept. 30
----------------------------------------------------------------
Merriman Holdings, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net loss of $1.22 million on $1.93 million of revenues for the
three months ended Sept. 30, 2013, compared to a net loss of
$1.09 million on $2.46 million of revenues for the same period
last year.

The Company's balance sheet at Sept. 30, 2013, showed $4.95
million in total assets, $4.88 million in total liabilities, and
stockholders' equity of $0.8 million.

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

                       http://is.gd/CiUMCZ

San Francisco, California-based Merriman Holdings, Inc., is a
financial services holding company that provides capital markets
services, corporate services, and investment banking through its
wholly-owned operating subsidiary, Merriman Capital, Inc.  MC is
an investment bank and securities broker-dealer focused on fast
growing companies and institutional investors.


MERITAGE HOMES: S&P Retains 'B+' CCR After $100MM Add-On
--------------------------------------------------------
Standard & Poor's Ratings Services said that Scottsdale, Ariz.-
based Meritage Homes Corp.'s proposed $100 million add-on to the
existing $200 million in 7.15% senior unsecured notes due 2020
will not affect its 'B+' corporate credit and senior unsecured
note ratings on the company.  The recovery rating remains at '3',
indicating S&P's expectations for a meaningful (50% to 70%)
recovery in the event of default.  In addition to the add-on
issuance, the company also proposes to increase its currently
undrawn revolving credit facility from $135 million to
$200 million which will strengthen its liquidity position.

S&P's rating on Meritage is based on its assessment of a "fair"
business risk profile, reflecting its strengthening position
within 12 of the top 20 U.S. markets for homebuilding.  The
"aggressive" financial risk profile reflects EBITDA-based credit
metrics that have improved over the past year and S&P's
expectation that it will continue to improve into the 4.0x to 4.5x
total debt to EBITDA range by year-end 2014, reflecting better
absorption and overall volume as a result of a recovering housing
market.  Proceeds from the add-on issuance plus the increased
revolver commitment will further bolster the company's liquidity
for 2014 working capital needs.  Besides the currently undrawn
revolving credit facility which matures in July 2016), there are
no debt maturities until 2018.

Standard & Poor's has reviewed its ratings on Meritage Homes
Corp., which it labeled as "under criteria observation" (UCO)
after the publishing of its revised Corporate criteria on Nov. 19.
Standard & Poor's expedited the review of its ratings on Meritage
Homes because of the company's announced debt issue.  With S&P's
criteria review of Meritage Homes complete, it has confirmed that
its ratings on this issuer are unaffected by the criteria changes.

RATINGS LIST

Meritage Homes Corp.
Corporate Credit Rating              B+/Positive/--
$300 Mil. 7.15% Senior Unsecured
   Notes Due 2020 (after add-on)      B+
     Recovery Rating                  3


NATIONAL CONTRACTORS: A.M. Best Cuts Fin'l. Strength Rating to B-
-----------------------------------------------------------------
A.M. Best Co. has downgraded the financial strength rating to B-
(Fair) from B (Fair) and issuer credit rating to "bb-" from "bb"
of National Contractors Insurance Company, Inc., A RRG (NCIC)
(Bigfork, MT).  The outlook for both ratings is negative.
Concurrently, A.M. Best has withdrawn the ratings as the company
has requested to no longer participate in A.M. Best's interactive
rating process.

The rating actions reflect NCIC's erosion in policyholders'
surplus and risk-adjusted capitalization through the third quarter
of 2013.  The surplus decline is attributable to a single claim,
which fell outside of NCIC's reinsurance program.  Although the
company expects the claim to be resolved in its favor, the effect
of a single large claim on NCIC's capitalization reflects the
vulnerability of its overall financial position.


NATIONAL SECURITY: A.M. Best Affirms 'B++' Fin. Strength Rating
---------------------------------------------------------------
A.M. Best Co. has affirmed the financial strength rating of (FSR)
of B++ (Good) and the issuer credit rating (ICR) of "bbb" of
National Security Fire and Casualty Company (NSFC).  The outlook
for both ratings is negative.

In addition, A.M. Best has affirmed the FSRs of B+ (Good) and ICRs
of "bbb-" of NSFC's wholly owned subsidiary, Omega One Insurance
Company, Inc. (Omega), and National Security Insurance Company
(NSIC), an affiliated life insurer.  The outlook for these ratings
is stable.

Concurrently, A.M. Best has affirmed the ICR of "bb" of the parent
holding company, The National Security Group, Inc. (NSGI)
(Wilmington, DE) [NASDAQ: NSEC].  The outlook for this rating is
negative.  All companies are domiciled in Elba, AL, unless
otherwise specified.

The ratings of NSFC reflect its supportive risk-adjusted
capitalization, sound balance sheet liquidity, generally positive
earnings and the actions being taken to reduce its exposure to
catastrophic loss and improve earnings. Partially offsetting these
favorable rating factors are the weakening in NSFC's
capitalization and its below average profitability over the last
five years.  In addition, NSFC's underwriting risk is concentrated
in non-standard property lines, and its surplus has an above
average exposure to loss from catastrophic weather events in the
southern and southeastern United States.  Although earnings have
improved in recent years, underwriting remains unprofitable
primarily due to the adverse effect of losses from catastrophic
weather-related events.  The outlook remains negative pending
strengthening in NSFC's capitalization and continued underwriting
improvement.

The ratings of Omega acknowledge its strong capitalization and
voluntary run-off status as it winds down its operations after
terminating its non-standard auto and property insurance programs.
The ratings of NSFC and Omega may be downgraded if earnings and
capitalization fall below projections for 2014.  However, the
ratings would be stabilized by a trend of underwriting and overall
earnings improvement that leads to stronger capitalization.

The affirmation of NSIC's ratings reflects A.M. Best's continued
belief that its financial resources will not be materially
impacted as it supports the overall expense and debt obligations
of NSGI.  The ratings also recognize NSIC's solid stand-alone
risk-adjusted capitalization, modest capital growth, slightly
favorable net operating performance trends and its multiple
distribution channel strategy.

Offsetting these positive rating factors are NSIC's limited
geographic profile and the challenges it faces to manage its
modest levels of capital, sustain and improve its overall net
operating trends and reverse declining levels of net premium.

A.M. Best believes NSIC is well positioned at its current rating
level.  Future positive rating actions could occur from positive
movement in NSGI's rating.  Key rating factors that could lead to
negative rating actions include a sustained decline in NSIC's
risk-adjusted capitalization -- as measured by Best's Capital
Adequacy Ratio (BCAR) model -- that no longer supports the current
rating; overall net operating performance that does not meet A.M.
Best's expectations; a material shift in its business profile
skewed more heavily toward less creditworthy lines of business; or
negative rating actions taken on NSGI or NSFC.

The rating of NSGI is based on the consolidated financial strength
of its subsidiaries, which is driven mainly by the property/
casualty companies, its acceptable level of debt and the
subordination of the holding company's creditors to the insurance
companies' policyholders.


NGPL PIPECO: Bank Debt Trades at 7% Off
---------------------------------------
Participations in a syndicated loan under which NGPL PipeCo LLC is
a borrower traded in the secondary market at 92.83 cents-on-the-
dollar during the week ended Friday, Nov. 22, 2013, according to
data compiled by LSTA/Thomson Reuters MTM Pricing and reported in
The Wall Street Journal.  This represents a decrease of 0.67
percentage points from the previous week, The Journal relates.
NGPL PipeCo LLC pays 550 basis points above LIBOR to borrow under
the facility. The bank loan matures on May 4, 2017, and carries
Moody's B2 rating and Standard & Poor's B rating.  The loan is one
of the biggest gainers and losers among 205 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in Houston, Texas, NGPL PipeCo. LLC is a holding
company for Natural Gas Pipeline Company of America and other
interstate natural gas pipeline assets.  NGPL is 80% owned by
Myria Acquisition LLC and 20% owned and operated by Kinder Morgan,
Inc.

                           *     *     *

As reported in the Troubled Company Reporter on June 6, 2013,
Moody's Investors Service downgraded NGPL PipeCo LLC's (NGPL)
senior unsecured debt rating, Corporate Family Rating, and
Probability of Default Rating to B2 from Ba3. NGPL's Speculative
Grade Liquidity Rating is changed to SGL-3 from SGL-2. The rating
outlook is now stable.


NIRVANIX INC: Authorized to Sell IP Assets to Acme Acquisition
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Nirvanix, Inc.'s intellectual property assets to Acme Acquisition
LLC, the successful bidder for Lot 1 assets.

According to the Debtor, the Lot 1 stalking horse bidder was the
only party to submit a qualified bid for the Lot 1 assets.  The
Court also approved a $150,000 bid protections.

Pursuant to the order, all objections and responses that have not
been overruled, withdrawn, waived, settled or resolved and all
reservation of rights included therein, are overruled and denied.

The Official Committee for Unsecured Creditors, on Nov. 13,
requested that the Court delay the sale of the Debtor's assets for
a minimum of 30 days or Dec. 16, to permit the Committee to
properly investigate the sale of its assets.

As reported in the Troubled Company Reporter on Nov. 14, 2013, the
Court approved bidding procedures to govern the asset sale.  The
Debtor's assets will be sold in two lots.  It initially sought to
sell the entire business but failed to file a buyer.

The Debtor has struck an asset purchase agreement dated Oct. 10,
with Acme Acquisition LLC, which will acquire the Debtor's
intellectual property assets.  TriplePoint Capital LLC and Khosla
Ventures IV LP will serve as guarantor.

Excluded from the sale to Acme are the accounts receivables, cash,
permits, certain contracts, interest in real property, claims and
causes of action under Chapter 5 of the Bankruptcy Code, certain
personal property, and rights to the name "Nirvanix".

Acme has offered to pay $2.8 million in cash, without interest,
and assumed certain of the Debtor's liabilities.  In the event,
the Debtor sells the IP assets to another buyer with a higher
offer, the Debtor will pay Acme a $150,000 breakup fee and
reimburse Acme's expenses not to exceed the lesser of $150,000 and
its reasonable out-of-pocket documented expenses.

                    About Nirvanix, Inc.

Cloud storage company Nirvanix, Inc., based in San Diego,
California, sought protection under Chapter 11 of the Bankruptcy
Code on Oct. 1, 2013 (Case No. 13-12595, Bankr. D.Del.).  The case
is assigned to Judge Brendan Linehan Shannon.

The Debtor is represented by Norman L. Pernick, Esq., Marion M.
Quirk, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, PA.  Cooley LLP serves as the Debtor's
special corporate counsel.  Arch & Beam Global LLC serves as the
Debtor's financial advisor.  Epiq Systems Inc. is the Debtor's
claims and noticing agent.

The Debtor disclosed $4,156,397 in assets and $25,105,177 in
liabilities as of the Chapter 11 filing.

The petition was signed by Debra Chrapaty, CEO.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
three members to the official committee of unsecured creditors in
the Chapter 11 cases of Nirvanix, Inc.


NIRVANIX INC: Creditors' Panel Hires Brinkman Portillo as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Nirvanix, Inc.,
seeks authorization from the U.S. Bankruptcy Court for the
District of Delaware to retain Brinkman Portillo Ronk, PC, as
counsel to the Committee, nunc pro tunc to Nov. 4, 2013.

The Committee requires Brinkman Portillo to:

   (a) provide legal advice as necessary with respect to the
       Committee's powers and duties as an official committee
       appointed under 11 U.S.C Section 1102;

   (b) assist the Committee in investigating the acts, conducts,
       assets, liabilities and financial condition of the Debtor,
       the operation of the Debtor's business, potential claims,
       and any other matters relevant to the case, to the sale of
       assets or to the formulation of a plan of reorganization;

   (c) participate in the formulation of a plan of reorganization;

   (d) provide legal advice as necessary with respect to any
       disclosure statement and plan filed in this case and with
       respect to the process for approving or disapproving
       disclosure statements and confirming or denying
       confirmation of a plan;

   (e) prepare on behalf of the Committee, as necessary,
       applications, motions, complaints, answers, orders,
       agreements and other legal papers;

   (f) appear in Court to present necessary motions, applications
       and pleadings, and otherwise protect the interests of those
       represented by the Committee;

   (g) assist the Committee in requesting the appointment of a
       trustee or examiner, should such action be necessary; and

   (j) perform other legal services as may be required and that
       are in the best interests of the Committee and creditors.

Brinkman Portillo will be paid at these hourly rates:

       Daren R. Brinkman, Partner      $575
       Laura J. Portillo, Partner      $495
       David H. Oken, of Counsel       $485
       Kevin C. Ronk, Partner          $390
       Associate Attornesy             $330
       Paralegals and Law Clerks       $175

Brinkman Portillo will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Daren R. Brinkman, member of Brinkman Portillo, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Brinkman Portillo can be reached at:

       Daren R. Brinkman, Esq.
       BRINKMAN PORTILLO RONK, PC
       4333 Park Terrace Drive, Ste 205
       Westlake Virginia, CA 91361
       Tel: (818) 597-2992

                    About Nirvanix, Inc.

Cloud storage company Nirvanix, Inc., based in San Diego,
California, sought protection under Chapter 11 of the Bankruptcy
Code on Oct. 1, 2013 (Case No. 13-12595, Bankr. D.Del.).  The case
is assigned to Judge Brendan Linehan Shannon.

The Debtor is represented by Norman L. Pernick, Esq., Marion M.
Quirk, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, PA.  Cooley LLP serves as the Debtor's
special corporate counsel.  Arch & Beam Global LLC serves as the
Debtor's financial advisor.  Epiq Systems Inc. is the Debtor's
claims and noticing agent.

The Debtor disclosed estimated assets of $10 million to $50
million and estimated debts of $10 million to $50 million.

The petition was signed by Debra Chrapaty, CEO.


NIRVANIX INC: Creditors' Panel Taps Rosner Law as Delaware Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Nirvanix, Inc.
seeks authorization from the U.S. Bankruptcy Court for the
District of Delaware to retain The Rosner Law Group LLC as
Delaware counsel to the Committee, nunc pro tunc to Nov. 5, 2013.

The Committee requires Rosner Law to:

   (a) advise the Committee of its rights, powers and duties in
       this Chapter 11 case;

   (b) assist and advise the Committee in its consultations with
       the Debtor relative to the administration of this Chapter
       11 case;

   (c) assist the Committee in analyzing the claims of the
       Debtor's creditors and in negotiating with such creditors;

   (d) assist with the Committee's investigation of the acts,
       conduct, assets, liabilities and financial condition of the
       Debtor and the operation of its business;

   (e) assist the Committee in its analysis of, and negotiations
       with, the Debtor or its creditors concerning matters
       related to, among other things, the terms of any plan or
       plans of reorganization or liquidation or any section 363
       sale;

   (f) prepare on behalf of the Committee any necessary motions,
       applications, objections, answers, orders, reports and
       papers in furtherance of the Committee's interests and
       objectives; and

   (g) perform all other necessary legal services as may be
       required and are deemed to be in the interests of the
       Committee in connection with the Chapter 11 case.

Rosner Law will be paid at these hourly rates:

       Frederick B. Rosner             $325
       Scott Leonhardt                 $275
       Julia Klein                     $250
       Andrew Moore, admission pending $200
       Frederick Sassler, paralegal    $150

Rosner Law will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Frederick B. Rosner, sole member of Rosner Law, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

Rosner Law can be reached at:

       Frederick B. Rosner, Esq.
       THE ROSNER LAW GROUP LLC
       824 North Market Street, Ste 810
       Wilmington, DE 19801
       Tel: (302) 319-6300
       E-mail: rosner@teamrosner.com

                    About Nirvanix, Inc.

Cloud storage company Nirvanix, Inc., based in San Diego,
California, sought protection under Chapter 11 of the Bankruptcy
Code on Oct. 1, 2013 (Case No. 13-12595, Bankr. D.Del.).  The case
is assigned to Judge Brendan Linehan Shannon.

The Debtor is represented by Norman L. Pernick, Esq., Marion M.
Quirk, Esq., and Patrick J. Reilley, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, PA.  Cooley LLP serves as the Debtor's
special corporate counsel.  Arch & Beam Global LLC serves as the
Debtor's financial advisor.  Epiq Systems Inc. is the Debtor's
claims and noticing agent.

The Debtor disclosed estimated assets of $10 million to $50
million and estimated debts of $10 million to $50 million.

The petition was signed by Debra Chrapaty, CEO.


OCEAN 4660: Case Trustee Can Employ Henry Staley as Expert Witness
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida has
authorized Maria M. Yip, the Chapter 11 trustee of Ocean 4660,
LLC, to employ Henry B. Staley, Jr., and PKF Consulting USA, LLC,
as expert witness in connection with the adversary proceeding
involving El Mar Associates, Inc.

As reported in the TCR on Nov. 4, 2013, the Chapter 11 trustee
said it needs an expert in the El Mar Adversary to opine on the
affect of the purported lease between the Debtor and El Mar.  The
Trustee has consulted with PKF Consulting, and is advised and
believes that his testimony concerning the affect of the Purported
Lease on the value of the Debtor's Property will provide a
material benefit to this estate by supporting the claims brought
by the Trustee against El Mar in the El Mar Adversary.  As a
result, the Trustee believes that retention of PKF Consulting is
in the best interest of the estate and its creditors.

Henry B. Staley, Jr. will be the individual at PKF Consulting to
undertake the engagement.

PKF Consulting will be paid $295 per hour, with travel at $147.50
per hour.  PKF Consulting will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Mr. Staley, senior vice president of PKF Consulting, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

                         About Ocean 4660

Ocean 4660, LLC, owner of a beachfront property operated as the
Lauderdale Beachside Hotel in Lauderdale-by-the-Sea, Florida,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 13-23165)
in its hometown on June 2, 2013.  Rick Barreca signed the petition
as chief restructuring officer.

The Lauderdale Beachside Hotel features a beach-front location,
two five-story interior corridor buildings (east and west), 147
guest rooms, a beach front tiki bar and grill, a large adjoining
restaurant and commercial kitchen space and on-site parking.
The restaurant space and the tiki bar and grill are unoccupied.
The occupancy rates have generally been between 40 percent and 70
percent occupancy.  Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 in
liabilities as of the Chapter 11 filing.

Judge John K. Olson presides over the case.  The Debtor tapped RKJ
Hotel Management, LLC, as hotel manager and RKJ's Rick Barreca as
the CRO.

The Debtor tapped Genovese Joblove & Battista, P.A. as counsel.
Irreconcilable differences prompted the firm to withdraw as
counsel in July 2013.

The Court approved the appointment of Maria Yip, of Coral Gables,
Florida, as Chapter 11 trustee.  Drew M. Dillworth, Esq., of the
Law firm of Stearns Weaver Miller Weissler Alhadeff & Sitterson,
P.A. serves as his counsel.  Kerry-Ann Rin, CPA, and the
consulting firm of Yip Associates serve as financial advisor, and
accountant.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.


OCEAN 4660: Case Trustee Can Employ Prakas as Expert Witness
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida has
authorized Maria M. Yip, the Chapter 11 trustee of Ocean 4660,
LLC, to employ A. Tom Prakas and The Prakas Group, Inc., as expert
witness in connection with the El Mar Associates, Inc. adversary
proceeding.

As reported in the TCR on Nov. 6, 2013, Trustee Yip has consulted
with Prakas, and is advised and believes that his testimony
concerning the terms of the Purported Lease will provide a
material benefit to the estate by supporting the claims brought by
Trustee Yip against El Mar in the El Mar Adversary.  As a result,
Trustee Yip believes that retention of Prakas is in the best
interest of the estate and its creditors.

Prakas will be compensated $3,000 for inspection of the Property
and preparation of expert report.  $250 per hour for any
depositions and court appearances, with travel billed at a rate of
$125 per hour.

Prakas will also be reimbursed for reasonable out-of-pocket
expenses incurred.

A. Tom Prakas, owner of The Prakas Group, Inc., assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

                         About Ocean 4660

Ocean 4660, LLC, owner of a beachfront property operated as the
Lauderdale Beachside Hotel in Lauderdale-by-the-Sea, Florida,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 13-23165)
in its hometown on June 2, 2013.  Rick Barreca signed the petition
as chief restructuring officer.

The Lauderdale Beachside Hotel features a beach-front location,
two five-story interior corridor buildings (east and west), 147
guest rooms, a beach front tiki bar and grill, a large adjoining
restaurant and commercial kitchen space and on-site parking.
The restaurant space and the tiki bar and grill are unoccupied.
The occupancy rates have generally been between 40 percent and 70
percent occupancy.  Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 in
liabilities as of the Chapter 11 filing.

Judge John K. Olson presides over the case.  The Debtor tapped RKJ
Hotel Management, LLC, as hotel manager and RKJ's Rick Barreca as
the CRO.

The Debtor tapped Genovese Joblove & Battista, P.A. as counsel.
Irreconcilable differences prompted the firm to withdraw as
counsel in July 2013.

The Court approved the appointment of Maria Yip, of Coral Gables,
Florida, as Chapter 11 trustee.  Drew M. Dillworth, Esq., of the
Law firm of Stearns Weaver Miller Weissler Alhadeff & Sitterson,
P.A. serves as his counsel.  Kerry-Ann Rin, CPA, and the
consulting firm of Yip Associates serve as financial advisor, and
accountant.

The U.S. Trustee has not appointed an official committee of
unsecured creditors.


OSX BRASIL: Anticipates Missing Bond Interest Payment Due Dec. 20
-----------------------------------------------------------------
Luciana Magalhaes, writing for The Wall Street Journal, reported
that Brazilian shipbuilder OSX Brasil SA, controlled by Eike
Batista, said in a letter to trustees for its bondholders that it
expects it will miss interest payments due Dec. 20 on $500 million
in outstanding bonds.

According to the report, the letter was sent to Norsk Tillitsmann
ASA, the Norwegian trustee for the bondholders.  The bonds were
issued by OSX3 Leasing BV in 2012.  The letter was released by
Norsk Tillitsmann ASA on Nov. 21.

In September, OSX managed to pay $11.6 million in interest to
holders of its bonds, due in 2015 and carrying a 9.25% coupon
rate, the report said.

OSX had to halt a planned expansion after Mr. Batista's flagship
oil company OGX Petroleo e Gas Participacoes decided to stop
development of most of its oil fields after saying they weren't
economically viable, the report related.  OGX was OSX's main
client.

Both OGX and OSX have filed for bankruptcy protection in a Rio de
Janeiro civil court, in a process similar to a U.S. Chapter 11
bankruptcy proceeding, the report further related.

As reported in the Troubled Company Reporter-Latin America on
Nov. 12, 2013, The Wall Street Journal said OSX Brasil SA filed
for bankruptcy protection, the second such filing for a
commodities empire that crumbled this year as losses piled up and
investor confidence plummeted.  The move on Nov. 11 at a Rio de
Janeiro court follows a default and bankruptcy filing last month
for Mr. Batista's flagship oil firm OGX Petroleo e Gas
Participacoes SA, according to the WSJ report.  The firm went
public in 2008 for $4.1 billion but failed to produce nearly any
of the up to 10.8 billion barrels it claimed to have. Recently,
OGX declared several of its once promising fields were actually
duds.

OSX Brasil SA is a shipbuilder controlled by billionaire Eike
Batista.


PAVILION AT ROCKY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Pavilion at Rocky Point, LLC
        503 Olde Waterford Way, Suite 200
        Leland, NC 28451

Case No.: 13-07257

Chapter 11 Petition Date: November 21, 2013

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Judge: Hon. Randy D. Doub

Debtor's Counsel: Gerald A Jeutter, Jr., Esq.
                  PO Box 12585
                  Raleigh, NC 27605-2585
                  Tel: 919 334-6631
                  Fax: 919 833-9793
                  Email: jeb@jeutterlaw.com

Total Assets: $5.75 million

Total Liabilities: $7.91 million

The petition was signed by Steve Saieed, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb13-7257.pdf


QUINTILES TRANSNATIONAL: S&P Raises Corp. Credit Rating to 'BB'
---------------------------------------------------------------
Standard & Poor's Ratings Services has reviewed its ratings on
Quintiles Transnational Corp., which it labeled as "under criteria
observation" (UCO) after the publishing of its revised Corporate
criteria on Nov. 19, 2013.  Standard & Poor's expedited the review
of its ratings on Quintiles because of the company's announced
debt issue.  With S&P's criteria review of Quintiles complete, it
is raising its corporate credit rating to 'BB' from 'BB-'.  The
outlook is stable.  At the same time, S&P is raising its issue-
level ratings on Quintiles' existing and proposed senior secured
credit facilities to 'BB' from 'BB-' to reflect the upgrade.  The
'4' recovery ratings are unchanged, indicating average (30%-50%)
prospects for recovery in the event of default.

"We base our upgrade primarily on a reassessment of the impact of
financial sponsor ownership on Quintiles' credit profile.  While
our assessment of financial risk remains constrained at
"aggressive" due to the presence of partial sponsor ownership and
some uncertainty regarding financial policy and long-term leverage
targets, our criteria no longer places further constraints on the
ratings of sponsor-owned companies," said credit analyst Shannan
Murphy.  "Consequently, we are raising the rating on Quintiles to
'BB' from 'BB-', consistent with our assessment of a satisfactory"
business risk profile and "aggressive" business risk profile."

S&P's stable rating outlook on Quintiles reflects its expectation
that the company will maintain its market-leading position in an
industry that it expects to have solid long-term growth prospects,
allowing the company to generate mid- to high-single-digit organic
growth over the intermediate term and to sustain leverage in the
low-4x range.

S&P could lower the rating if debt leverage is sustained above 5x,
which it believes would most likely occur if the company
undertakes a significant debt-financed acquisition or share
repurchase.  Assuming a 10x multiple on acquisitions, S&P believes
the company has about $1 billion in capacity for debt-financed
acquisitions at the current rating.

A higher rating would not be considered until S&P believes the
company intends to permanently sustain debt to EBITDA below 4x and
FFO to total debt above 20%, consistent with a significant
financial risk profile.  While leverage is already below 4x and
FFO/debt is currently in the high-teens, an upgrade would also
require S&P to believe that the company's financial policy will be
consistent with permanently maintaining debt leverage at these
levels.  Given the company's relatively short track record as a
public company and stated focus on growing the business, S&P
thinks Quintiles is unlikely to sustain meaningfully lower
leverage over the near term.


RIH ACQUISITIONS: Has Until Dec. 4 to File Schedules
----------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey extended
until Dec. 4, 2013, the time within which RIH Acquisitions NJ,
LLC, et al., must file their schedules of assets and liabilities
and statements of financial affairs.

                        About RIH Acquisitions

RIH Acquisitions NJ LLC, doing business as the Atlantic Club
Casino Hotel in Atlantic City, New Jersey, filed a Chapter 11
petition on Nov. 6, 2013 (Bankr. D.N.J. Case No. 13-34483) in
Camden, New Jersey, designed to sell the property in the near
term.

The Debtors are represented by Michael D. Sirota, Esq., and Warren
A. Ustaine, Esq., at Cole, Schotz, Meisel, Forman & Leonard, P.A.,
in Hackensack, New Jersey; and Paul V. Shalhoub, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Duane Morris, LLP, serves as
the Debtors' special gaming regulatory counsel.

Imperial Capital, LLC, serves as financial advisor and investment
banker to the Debtors, while Mercer (US) Inc. serves as
compensation consultant.  Kurtzman Carson Consultants LLC is the
Debtors' claims and noticing agent.

Northlight Financial LLC, as DIP Lender, is represented by Harlan
W. Robins, Esq., at Dickinson Wright PLLC, in Columbus, Ohio;
Kristi A. Katsma, Esq., at Dickinson Wright PLLC, in Detroit,
Michigan; and Bruce Buechler, Esq., and Kenneth A. Rosen, Esq., at
Lowenstein Sandler LLP, in Roseland, New Jersey.


RIH ACQUISITIONS: Has Interim OK to Pay $1.2MM to Critical Vendors
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey gave
interim authority for RIH Acquisitions NJ, LLC, et al., to pay in
an amount not to exceed $1.2 million the prepetition claims of the
critical vendors to the extent RIH Acquisitions deems the payment
necessary to ensure that the particular Critical Vendor will
provide necessary goods to RIH Acquisitions on a postpetition
basis and in accordance with a budget.

The motion is granted on an interim basis until the time the Court
conducts a final hearing on the matter, to be held on Dec. 2,
2013, at 11:00 a.m. (prevailing Eastern Time).  On the final
hearing, the Court will consider approval of the Debtors' request
to pay not more than $2.2 million to Critical Vendors.  Objections
are due on or before Nov. 25.

The Critical Vendors are crucial to the Atlantic Club Casino's
operations.  Those vendors generally (a) provide either "single
source" goods or other goods and services that are indispensable
to the Atlantic Club Casino's operations and cannot be obtained
elsewhere or cannot be replaced except at very high additional
cost or excessively delay, and (b) do not have long-written supply
contracts or other relationships with RIH Acquisitions so that
they could compelled to continue providing goods or services to
RIH Acquisitions postpetition.

                        About RIH Acquisitions

RIH Acquisitions NJ LLC, doing business as the Atlantic Club
Casino Hotel in Atlantic City, New Jersey, filed a Chapter 11
petition on Nov. 6, 2013 (Bankr. D.N.J. Case No. 13-34483) in
Camden, New Jersey, designed to sell the property in the near
term.

The Debtors are represented by Michael D. Sirota, Esq., and Warren
A. Ustaine, Esq., at Cole, Schotz, Meisel, Forman & Leonard, P.A.,
in Hackensack, New Jersey; and Paul V. Shalhoub, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Duane Morris, LLP, serves as
the Debtors' special gaming regulatory counsel.

Imperial Capital, LLC, serves as financial advisor and investment
banker to the Debtors, while Mercer (US) Inc. serves as
compensation consultant.  Kurtzman Carson Consultants LLC is the
Debtors' claims and noticing agent.

Northlight Financial LLC, as DIP Lender, is represented by Harlan
W. Robins, Esq., at Dickinson Wright PLLC, in Columbus, Ohio;
Kristi A. Katsma, Esq., at Dickinson Wright PLLC, in Detroit,
Michigan; and Bruce Buechler, Esq., and Kenneth A. Rosen, Esq., at
Lowenstein Sandler LLP, in Roseland, New Jersey.


SAVIENT PHARMACEUTICALS: Has $20.43-Mil. Loss in Q3 Ended Sept. 30
------------------------------------------------------------------
Savient Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net loss of $20.43 million on $6.57 million of revenues for the
three months ended Sept. 30, 2013, compared to a net loss of
$30.97 million on $4.92 million of revenues for the same period
last year.

The Company's balance sheet at Sept. 30, 2013, showed $56.14
million in total assets, $262.46 million in total liabilities, and
stockholders' deficit of $206.32 million.

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

                       http://is.gd/X2oyid

                    About Savient Pharmaceuticals

Headquartered in Bridgewater, New Jersey, Savient Pharmaceuticals,
Inc. -- http://www.savient.com/-- is a specialty
biopharmaceutical company focused on developing and
commercializing KRYSTEXXA(R) (pegloticase) for the treatment of
chronic gout in adult patients refractory to conventional therapy.
Savient has exclusively licensed worldwide rights to the
technology related to KRYSTEXXA and its uses from Duke University
and Mountain View Pharmaceuticals, Inc.

The Company and its affiliate, Savient Pharma Holdings, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Case No. 13-12680) on Oct. 14, 2013.

The Debtors are represented by Kenneth S. Ziman, Esq., and David
M. Turetsky, Esq., at Skadden Arps Slate Meagher & Flom LLP, in
New York; and Anthony W. Clark, Esq., at Skadden Arps Slate
Meagher & Flom LLP, in Wilmington, Delaware.  Cole, Schotz,
Meisel, Forman & Leonard P.A., also serves as the Company's
conflicts counsel, and Lazard Freres & Co. LLC serves as its
financial advisor.

U.S. Bank National Association, as Indenture Trustee and
Collateral Agent, is represented by Clark T. Whitmore, Esq., at
Maslon Edelman Borman & Brand, LLP, in Minneapolis, Minnesota.

The Unofficial Committee of Senior Secured Noteholders is
represented by Andrew N. Rosenberg, Esq., Elizabeth McColm, Esq.,
and Jacob A. Adlerstein, Esq., at Paul, Weiss, Rifkind, Wharton &
Garrison LLP, in New York; and Pauline K. Morgan, Esq., at Young,
Conaway, Stargatt & Taylor LLP, in Wilmington, Delaware.


SH 130 CONCESSION: Taps Restructuring Lawyers
---------------------------------------------
The operator of the tolled parts of a Texas highway tapped
restructuring lawyers as the company contends with a high debt
load, low cash and possible default, Emily Glazer, writing for The
Wall Street Journal, reported, citing people familiar with the
matter.

The company will likely need to refinance its debt, said the
people.

According to the report, they said they didn't see a bankruptcy
filing as imminent.

The operator, SH 130 Concession Company LLC, is working with
restructuring and infrastructure lawyers at Gibson, Dunn &
Crutcher LLP, the report related.

The company was granted a contract by the Texas Department of
Transportation in 2007 to build out tolled segments of SH 130,
representing roughly 40 miles of a 90-mile bypass around Austin.
Earlier road segments were developed by the state transportation
department.

The company, which carries roughly $1.1 billion of debt, according
to a Moody's Investors Service report, is owned by units of
Ferrovial and Zachry American Infrastructure LLC, the report said.

The operating company was recently downgraded by Moody's to junk-
bond status, the report further related.  Moody's cited weakening
liquidity due to lower-than-expected traffic projections and
revenue performance, according to its mid-October report.


SIGMA LABS: Reports $185K Net Loss in Quarter Ended Sept. 30
------------------------------------------------------------
Sigma Labs, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, reporting a net loss
of $185,427 on $280,831 of revenues for the three months ended
Sept. 30, 2013, compared to a net loss of $15,107 on $456,369 of
revenues for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $1.6 million
in total assets, $0.14 million in total liabilities, and
stockholders' equity of $1.47 million.

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

                       http://is.gd/BoVtDt

Santa Fe, New Mexico-based Sigma Labs, Inc., specializes in the
development and commercialization of novel and unique
manufacturing and materials technologies.  Since its inception,
the Company has generated revenues primarily from consulting
services it provides to third parties.


SOLAR INVESTMENT: Fitch Slashes Rating on $22MM Notes to 'Dsf'
--------------------------------------------------------------
Fitch Ratings has downgraded and withdrawn the rating of the
following preference shares issued by Solar Investment Grade CBO
II, Ltd/Corp:

-- $22,000,000 ($14,189,691 rated balance) to 'Dsf' from 'Csf';
    withdrawn.

Key Rating Drivers:

The transaction's final payment and maturity date occurred on July
24, 2013. The preferred shares have defaulted due to failure to
receive their full return of principal at maturity. Fitch has
downgraded and withdrawn its ratings on the preferred shares due
to the default at maturity.


THERMOENERGY CORP: Incurs $655,000 Net Loss in Third Quarter
------------------------------------------------------------
ThermoEnergy Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $655,000 on $532,000 of revenue for the three months
ended Sept. 30, 2013, as compared with a net loss of $1.86 million
on $2.03 million of revenue for the same period during the prior
year.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $301,000 on $2.62 million of revenue as compared with
a net loss of $5.94 million on $5.62 million of revenue for the
same period a year ago.

The Company's balance sheet at Sept. 30, 2013, showed $4.95
million in total assets, $8.54 million in total liabilities, $8.97
million in series C convertible preferred stock and a $12.56
million total stockholders' deficiency.

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

                        http://is.gd/hToOYa

                   About ThermoEnergy Corporation

Little Rock, Ark.-based ThermoEnergy Corporation is a clean
technologies company engaged in the worldwide development of
advanced municipal and industrial wastewater treatment systems and
carbon reducing clean energy technologies.

The Company incurred a net loss of $7.38 million for the year
ended Dec. 31, 2012, as compared with a net loss of $17.38 million
on $5.58 million of revenue in 2011.

Grant Thornton LLP, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company incurred a net loss of $7,382,000 during the year
ended Dec. 31, 2012, and, as of that date, the Company's current
liabilities exceeded its current assets by $7,094,000 and its
total liabilities exceeded its total assets by $10,611,000.  These
conditions, among other factors, raise substantial doubt about the
Company's ability to continue as a going concern.


TITAN PHARMACEUTICALS: Incurs $1.1 Million Net Loss in Q3
---------------------------------------------------------
Titan Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss and comprehensive loss of $1.14 million on $2.19
million of total revenue for the three months ended Sept. 30,
2013, as compared with a net loss and comprehensive loss of $8.01
million on $1.22 million of total revenue for the same period a
year ago.

For the nine months ended Sept. 30, 2013, the Company reported net
income and comprehensive income of $9.92 million on $9.57 million
of total revenue as compared with a net loss and comprehensive
loss of $14.90 million on $3.85 million of total revenue for the
same period last year.

As of Sept. 30, 2013, the Company had $15.52 million in total
assets, $14.49 million in total liabilities and $1.02 million in
total stockholders' equity.

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

                        http://is.gd/9zPdC7

                    About Titan Pharmaceuticals

South San Francisco, California-based Titan Pharmaceuticals is a
biopharmaceutical company developing proprietary therapeutics
primarily for the treatment of central nervous system disorders.

Titan Pharmaceuticals incurred a net loss applicable to common
stockholders of $15.18 million in 2012, as compared with a net
loss applicable to common stockholders of $15.20 million in 2011.


TLO LLC: TransUnion Wins Auction with $154-Mil. Bid
---------------------------------------------------
Marie Beaudette, writing for DBR Small Cap, reported that credit
reporting firm TransUnion won a marathon bankruptcy auction for
software company TLO LLC on Nov. 21 morning with a $154 million
bid, nearly $50 million over its original stalking-horse bid.

Law360 also reported that TransUnion's $154 million bid will allow
creditors to be paid in full.

After a 20-hour auction, TransUnion -- which had put in a $105
million stalking horse bid -- emerged as the winning bidder for
TLO's assets, besting competing bidders LexisNexis Risk Solutions
FL Inc. and WPTLO Acquisition Corp., according to the Law360
report.

                           About TLO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No.
13-bk20853) on May 9, 2013, in West Palm Beach, Florida, near the
company's headquarters in Boca Raton.  The petition was signed by
E. Desiree Asher as CEO.

Judge Paul G. Hyman, Jr., presides over the case.  Robert C. Furr,
Esq., and Alvin S. Goldstein, Esq., at Furr & Cohen, serve as the
Debtor's counsel.  Bayshore Partners, LLC is the Debtor's
investment banker.  Thomas Santoro and GlassRatner Advisory &
Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner who died this year.  There is $4.6 million secured by
computer equipment.


TRANS ENERGY: Incurs $6.1 Million Net Loss in Third Quarter
-----------------------------------------------------------
Trans Energy, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $6.09 million on $4.40 million of total operating revenues for
the three months ended Sept. 30, 2013, as compared with a net loss
of $3.56 million on $883,696 of total operating revenues for the
same period a year ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $11.40 million on $12.68 million of total operating
revenues as compared with a net loss of $6.93 million on $6.03
million of total operating revenues for the same period during the
prior year.

The Company's balance sheet at Sept. 30, 2013, showed $83.06
million in total assets, $85.46 million in total liabilities and a
$2.40 million total stockholders' deficit.

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

                        http://is.gd/keDqDM

                        About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

In its audit report on the Company's 2011 results, Maloney +
Novotny, LLC, in Cleveland, Ohio, noted that the Company has
generated significant losses from operations and has a working
capital deficit of $18.37 million at Dec. 31, 2011, which together
raises substantial doubt about the Company's ability to continue
as a going concern.


TRANS-LUX CORP: Delays Form 10-Q for Third Quarter
--------------------------------------------------
Trans-Lux Corporation was unable to file its report on Form 10-Q
for the quarter ending Sept. 30, 2013, within the prescribed time
period because of pending additional information necessary for
finalizing its Form 10-Q.  The relocation of the Company's
headquarters and the upgrade to new accounting software in
September and October has delayed the compilation of information
needed for the Company's Form 10-Q for the quarter ended Sept. 30,
2013, and has prevented the Company from making a reasonable
estimate of the results.

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

For the year ended Dec. 31, 2012, the Company incurred a net loss
of $1.36 million on $23.02 million of total revenues, as compared
with a net loss of $1.41 million on $23.75 million of total
revenues during the prior year.  The Company's balance sheet at
June 30, 2013, showed $19.69 million in total assets, $18.83
million in total liabilities and $859,000 in total stockholders'
equity.

"Management cannot provide any assurance that the Company would
have sufficient cash and liquid assets to fund normal operations.
Further, the Company's obligations under its pension plan exceeded
plan assets by $6.5 million at June 30, 2013 and the Company has
$1.7 million due under its pension plan over the next 12 months.
Additionally, if the Company is unable to cure the defaults on the
Debentures and the Notes, the Debentures and the Notes could be
called and be immediately due.  If the Debentures and Notes are
called, the Company would need to obtain new financing.  There can
be no assurance that the Company will be able to do so and, even
if it obtains such financing, how the terms of such financing will
affect the Company.  If the debt is called and new financing
cannot be arranged, it is unlikely that the Company will be able
to continue as a going concern," according to the Company's
quarterly report for the period ended June 30, 2013.


TRANSGENOMIC INC: Files Form 10-Q, Incurs $5.5MM Loss in Q3
-----------------------------------------------------------
Transgenomic, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $5.55 million on $6.64 million of net sales for the three
months ended Sept. 30, 2013, as compared with a net loss of $2.75
million on $7.88 million of net sales for the same period during
the prior year.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $12 million on $21.32 million of net sales as compared
with a net loss of $6.01 million on $24.18 million of net sales
for the same period a year ago.

The Company's balance sheet at Sept. 30, 2013, showed $33.18
million in total assets, $17.78 million in total liabilities and
$15.39 million in total stockholders' equity.

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

                        http://is.gd/S6aovm

                         About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic incurred a net loss of $8.32 million in 2012, a net
loss of $9.78 million in 2011 and a net loss of $3.13 million in
2010.

                       Forbearance Agreement

On Feb. 7, 2013, the Company entered into a Forbearance Agreement
with Dogwood Pharmaceuticals, Inc., a wholly owned subsidiary of
Forest Laboratories, Inc., and successor-in-interest to PGxHealth,
LLC, with an effective date of Dec. 31, 2012.  In December 2012,
the Company commenced discussions with the Lender to defer the
payment due on Dec. 31, 2012, until March 31, 2013.  As of
Dec. 31, 2012, an aggregate of $1.4 million was due and payable
under the Note by Transgenomic, and non-payment would constitute
an event of default under the Note and that certain Security
Agreement, dated as of Dec. 29, 2010, entered into between
Transgenomic and PGX.  Pursuant to the Forbearance Agreement, the
Lender agreed, among other things, to forbear from exercising its
rights and remedies under the Note and the Security Agreement as a


TRIBUNE CO: To Cut 700 Publishing Jobs
--------------------------------------
Anna Prior, writing for The Wall Street Journal, reported that
Tribune Co. will cut nearly 700 jobs in its publishing business,
as part of a restructuring aimed at bolstering the media company's
digital operations.

According to the report, the staff reductions represent about 6%
of Tribune's overall workforce, a Tribune spokesman said, and will
be spread out across the company's newspaper properties, including
the Chicago Tribune and Los Angeles Times.

The spokesman noted that no front-line reporters would be affected
by the Nov. 20 announcement, though there will be some small
reductions in other areas of editorial.

In addition to the job cuts, the restructuring plan will attempt
to unify the non-editorial segments of the company's publishing
business by integrating business units like digital media,
marketing, advertising and manufacturing under common leadership,
according to a memo to Tribune employees, the report related.

"Aligning the non-editorial areas of our business units by
function, rather than by geography, will allow us to better share
best-practices, create efficiencies and maintain our local focus,"
Chief Executive Peter Liguori said in the memo, the report cited.

                        About Tribune Co.

Chicago, Illinois-based Tribune Co. -- http://www.tribune.com/--
and 110 of its affiliates filed for Chapter 11 protection (Bankr.
D. Del. Lead Case No. 08-13141) on Dec. 8, 2008.  The Debtors
proposed Sidley Austin LLP as their counsel; Cole, Schotz, Meisel,
Forman & Leonard, PA, as Delaware counsel; Lazard Ltd. and Alvarez
& Marsal North America LLC as financial advisors; and Epiq
Bankruptcy Solutions LLC as claims agent.  As of Dec. 8, 2008, the
Debtors listed $7,604,195,000 in total assets and $12,972,541,148
in total debts.  Chadbourne & Parke LLP and Landis Rath LLP served
as co-counsel to the Official Committee of Unsecured Creditors.
AlixPartners LLP served as the Committee's financial advisor.
Landis Rath Moelis & Company served as the Committee's investment
banker.  Thomas G. Macauley, Esq., at Zuckerman Spaeder LLP, in
Wilmington, Delaware, represented the Committee in connection with
the lawsuit filed against former officers and shareholders for the
2007 LBO of Tribune.

Protracted negotiations and mediation efforts and numerous
proposed plans of reorganization filed by Tribune Co. and
competing creditor groups delayed Tribune's emergence from
bankruptcy.  Many of the disputes among creditors center on the
2007 leveraged buyout fraudulence conveyance claims, the
resolution of which is a key issue in the bankruptcy case.

Judge Kevin J. Carey issued an order dated July 13, 2012,
overruling objections to the confirmation of Tribune Co. and its
debtor affiliates' Plan of Reorganization.  In November 2012,
Tribune received approval from the Federal Communications
Commission to transfer media licenses, one of the hurdles to
implementing the reorganization plan.  Aurelius Capital Management
LP failed in halting implementation of the plan pending appeal.

Tribune Co. exited Chapter 11 protection Dec. 31, 2012, ending
four years of reorganization.  The reorganization allowed a group
of banks and hedge funds, including Oaktree Capital Management and
JPMorgan Chase & Co., to take over the media company.


UNIVERSAL BIOENERGY: Delays Form 10-Q for Third Quarter
-------------------------------------------------------
Universal Bioenergy, Inc., has been unable to complete its Form
10-Q for the quarter ended Sept. 30, 2013, within the prescribed
time because of delays in completing the preparation of its
financial statements and its management discussion and analysis.
Those delays are primarily due to the Company's management's
dedication of such management's time to business matters.  This
has taken a significant amount of management's time away from the
preparation of the Form 10-Q and delayed the preparation of the
unaudited financial statements for the quarter ended Sept. 30,
2013.

                   About Universal Bioenergy

Headquartered in Irvine, California, Universal Bioenergy Inc.
develops markets alternative and natural energy products
including, natural gas, solar, biofuels, wind, wave, tidal, and
green technology products.

Universal Bioenergy incurred a net loss of $623,518 on $60.21
million of revenues for the year ended June 30, 2013, as compared
with a net loss of $4.12 million
on $57.32 million of revenues for the year ended June 30, 2012.
The Company's balance sheet at June 30, 2013, showed $12.36
million in total assets, $11.17 million in total liabilities and
$1.19 million in total stockholders' equity.

Bongiovanni & Associates, CPA's, in Cornelius, North Carolina,
issued a "going concern" qualification on the consolidated
financial statements for the year ended June 30, 2013.  The
independent auditors noted that the the Company has suffered
recurring operating losses, has an accumulated deficit, has
negative working capital, and has yet to generate an internal cash
flow that raises substantial doubt about its ability to continue
as a going concern.


US INVESTIGATIONS: Bank Debt Trades at 2% Off
---------------------------------------------
Participations in a syndicated loan under which US Investigations
is a borrower traded in the secondary market at 97.78 cents-on-
the-dollar during the week ended Friday, Nov. 22, 2013, according
to data compiled by LSTA/Thomson Reuters MTM Pricing and reported
in The Wall Street Journal.  This represents an increase of 0.23
percentage points from the previous week, The Journal relates.
US Investigations pays 300 basis points above LIBOR to borrow
under the facility. The bank loan matures on Feb. 26, 2015, and
carries Moody's N.R. rating and Standard & Poor's N.R. rating.
The loan is one of the biggest gainers and losers among 205 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

US Investigations Services, Inc., with corporate headquarters in
Falls Church, Virginia, is a leading provider of security-
clearance background investigation and employment screening
services to government agencies and commercial customers in the
United States.  Revenues for the 2008 fiscal year which ended
September 30, 2009 were about $890 million, adjusted for certain
one-time revenue items.


VERMILLION INC: Incurs $2.3 Million Net Loss in Third Quarter
-------------------------------------------------------------
Vermillion, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.31 million on $330,000 of total revenue for the three months
ended Sept. 30, 2013, as compared with a net loss of $2.02 million
on $319,000 of total revenue for the same period a year ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $7 million on $981,000 of total revenue as compared
with a net loss of $5.77 million on $952,000 of total revenue for
the same period a year ago.

The Company's balance sheet at Sept. 30, 2013, showed $15.08
million in total assets, $4.83 million in total liabilities and
$10.24 million in total stockholders' equity.

"We have continued to make progress on the commercialization of
OVA1," commented Tom McLain, Vermillion's president and CEO.  "In
sales regions covered by Vermillion sales reps, test volumes were
up more than 15% from the third quarter of 2012.  This reflects
the positive impact of the SGO statement issued in May, new
clinical data and our expanded commercial presence."

"In the fourth quarter, our operational focus continues to be on
four key areas: collaborations to develop additional clinical and
economic data, treatment guidelines, favorable coverage decisions
and expanding access to our OVA1 test.  We remain confident that
the foundation we are building for our novel diagnostic test will
support strong future growth."

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

                         http://is.gd/YI4haH

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Vermillion's legal advisor in connection with
its successful reorganization efforts wass Paul, Hastings,
Janofsky & Walker LLP.  Vermillion emerged from bankruptcy in
January 2010.  The Plan called for the Company to pay all claims
in full and equity holders to retain control of the Company.

Vermillion incurred a net loss of $7.14 million in 2012, as
compared with a net loss of $17.79 million in 2011.

BDO USA, LLP, in Austin, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing recurring losses and negative
cash flows from operations and an accumulated deficit, all of
which raise substantial doubt about the Company's ability to
continue as a going concern.


VERTICAL COMPUTER: Delays Form 10-Q for Third Quarter
-----------------------------------------------------
Vertical Computer Systems, Inc., has experienced issues arising
from unexpected delays in coordinating and finalizing its 10-Q for
the period ended Sept. 30, 2013.  Accordingly, the Company was
unable to file its Form 10-Q on or before the prescribed filing
date.  The Company expects to file the Form 10-Q within five days
after the prescribed filing date.

Net loss applicable to common shareholders for the three and nine
months ended Sept. 30, 2013, as compared to Sept. 30, 2012, has
increased by approximately $283,000 or 59 percent and $268,000 or
23 percent, respectively, which is primarily due to increased
legal fees to prosecute patent infringement on the Company's
intellectual property, increased loan fees on senior secured debt,
losses on derivative liabilities and increased interest expense.

                       About Vertical Computer

Richardson, Tex.-based Vertical Computer Systems, Inc., is a
multinational provider of Internet core technologies, application
software, and software services through its distribution network
with operations or sales in the United States, Canada and Brazil.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2011, MaloneBailey, LLP, in
Houston, Texas, noted that the Company suffered net losses and has
a working capital deficiency, which raises substantial doubt about
its ability to continue as a going concern.

Vertical Computer disclosed a net loss of $1.31 million on $5.47
million of total revenues for the year ended Dec. 31, 2012, as
compared with a net loss of $167,588 on $6.27 million of total
revenues for the year ended Dec. 31, 2011.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012, citing net losses and a working capital
deficiency, which raises substantial doubt about the Company's
ability to continue as a going concern.


VUZIX CORP: Delays Form 10-Q for Third Quarter
----------------------------------------------
Vuzix Corporation was unable to file its report on Form 10-Q for
the calendar quarter ended Sept. 30, 2013, on or before the
required due date, because it was unable prepare the financial
statements required in that Report without unreasonable effort or
expense.  Specifically, on Aug. 5, 2012, the Company sold shares
of its common stock and warrants in a public offering along with
the conversions of debt for common shares and warrants at the same
time.  Determination of the accounting treatment for that
transaction, which had a material effect on the Company's
financial statements for the calendar quarter ended Sept. 30,
2013, delayed the completion of the Company's financial statements
for that Quarter.  Those financial statements could not have been
prepared in order to file the Company's Report on Form 10-Q for
the calendar quarter ended Sept. 30, 2013, on or before the
required due date without unreasonable effort or expense.

                         About Vuzix Corp.

Rochester, New York-based Vuzix Corporation (TSX-V: VZX)
OTC BB: VUZI) -- http://www.vuzix.com/-- is a supplier of Video
Eyewear products in the defense, consumer and media &
entertainment markets.

Vuzix reported net income of $322,840 for the year ended Dec. 31,
2012, as compared with a net loss of $3.87 million during the
prior year.  The Company's balance sheet at March 31, 2013, showed
$3.08 million in total assets, $10.14 million in total liabilities
and a $7.05 million total stockholders' deficit.

EFP Rotenberg, LLP, in Rochester, New York, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2012.  The independent auditors noted
that the Company has incurred substantial losses from operations
in recent years.  In addition, the Company is dependent on its
various debt and compensation agreements to fund its working
capital needs.  The Company was not in compliance with its
financial covenants under a senior secured debt holder and had
other debts past due in some cases.  These conditions raise
substantial doubt about its ability to continue as a going
concern.

                        Bankruptcy Warning

"We have engaged an investment banking firm to assist us with
respect to a planned public stock offering of up to $15,000,000.
Our future viability is dependent on our ability to execute these
plans successfully.  If we fail to do so for any reason, we would
not have adequate liquidity to fund our operations, would not be
able to continue as a going concern and could be forced to seek
relief through a filing under U.S. Bankruptcy Code," the Company
said in its annual report for the year ended Dec. 31, 2012.


WORLD SURVEILLANCE: Incurs $1 Million Net Loss in Third Quarter
---------------------------------------------------------------
World Surveillance Group Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $1.04 million on $14,905 of net revenues for the
three months ended Sept. 30, 2013, as compared with a net loss of
$986,963 on $26,157 of net revenues for the same period a year
ago.

For the nine months ended Sept. 30, 2013, the Company reported a
net loss of $2.40 million on $402,557 of net revenues as compared
with a net loss of $1.50 million on $278,102 of net revenues for
the same period during the prior year.

As of Sept. 30, 2013, the Company had $3.75 million in total
assets, $16.97 million in total liabilities, all current, and a
$13.22 million total stockholders' deficit.

                         Bankruptcy Warning

"Our indebtedness at September 30, 2013 was $16,973,748.  A
portion of such indebtedness reflects judicial judgments against
us that could result in liens being placed on our bank accounts or
assets.  We are continuing to review our ability to reduce this
debt level due to the age and/or settlement of certain payables
but we may not be able to do so.  This level of indebtedness
could, among other things:

   * make it difficult for us to make payments on this debt and
     other obligations;

   * make it difficult for us to obtain future financing;

   * require us to redirect significant amounts of cash from
     operations to servicing the debt;

   * require us to take measures such as the reduction in scale of
     our operations that might hurt our future performance in
     order to satisfy our debt obligations; and

  * make us more vulnerable to bankruptcy or an unwanted
    acquisition on terms unsatisfactory to us," the Company said
    in the Quarter Report.

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

                        http://is.gd/lSrk4b

                      About World Surveillance

World Surveillance Group Inc. designs, develops, markets and sells
autonomous lighter-than-air (LTA) unmanned aerial vehicles (UAVs)
capable of carrying payloads that provide persistent security
and/or wireless communication from air to ground solutions at low,
mid and high altitudes.  The Company's airships, when integrated
with electronics systems and other high technology payloads, are
designed for use by government-related and commercial entities
that require real-time intelligence, surveillance and
reconnaissance or communications support for military, homeland
defense, border control, drug interdiction, natural disaster
relief and maritime missions.  The Company is headquartered at the
Kennedy Space Center, in Florida.

World Surveillance disclosed a net loss of $3.36 million on
$272,201 of net revenues for the year ended Dec. 31, 2012, as
compared with a net loss of $1.12 million on $19,896 of net
revenues in 2011.

Rosen Seymour Shapss Martin & Company LLP, in New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has experienced significant losses
and negative cash flows, resulting in decreased capital and
increased accumulated deficits.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


WOUND MANAGEMENT: Reports $1.69-Mil. Net Loss in Q3 Ended Sept. 30
------------------------------------------------------------------
Wound Management Technologies, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q, reporting a net loss of $1.69 million on $0.47 million of
revenues for the three months ended Sept. 30, 2013, compared to a
net loss of $1.4 million on $0.36 million of revenues for the same
period last year.

The Company's balance sheet at Sept. 30, 2013, showed $1.18
million in total assets, $6.66 million in total liabilities, and
stockholders' deficit of $5.48 million.

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

                         http://is.gd/BhQPMJ

                        About Wound Management

Fort Worth, Texas-based Wound Management Technologies, Inc.,
markets and sells the patented CellerateRX(R) product in the
expanding advanced wound care market; particularly with respect to
diabetic wound applications.

Wound Management disclosed a net loss of $1.84 million on $1.17
million of revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $12.74 million on $2.21 million of revenue
during the prior year.  The Company's balance sheet at June 30,
2013, showed $1.37 million in total assets, $5.45 million in total
liabilities and a $4.07 million total stockholders' deficit.

Pritchett, Siler & Hardy, P.C., in Salt Lake City, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2012.  The independent
auditors noted that the Company has incurred substantial losses
and has a working capital deficit which factors raise substantial
doubt about the ability of the Company to continue as a going
concern.


Z TRIM HOLDINGS: Delays Form 10-Q for Third Quarter
---------------------------------------------------
Z Trim Holdings, Inc., notified the U.S. Securities and Exchange
Commission that it will be delayed in filing its quarterly report
on Form 10-Q for the period ended Sept. 30, 2013.

Due to the complexity of valuing the Company's derivative
liability and accounting for the Company's various discounted
warrant offerings during the period ended Sept. 30, 2013, as well
as other time sensitive matters, additional time is needed to
gather and report the necessary information in order to complete
the Form 10-Q.

                            About Z Trim

Mundelein, Ill.-based Z Trim Holdings, Inc., is a functional food
ingredient company which provides custom product solutions that
help answer the food industry's problems.  Z Trim's revolutionary
technology provides value-added ingredients across virtually all
food industry categories.  Z Trim's all-natural products, among
other things, help to reduce fat and calories, add fiber, provide
shelf-stability, prevent oil migration, and add binding capacity
-- all without degrading the taste and texture of the final food
products.

Z Trim Holdings disclosed a net loss of $9.58 million in 2012
following a net loss of $6.94 million in 2011.  The Company's
balance sheet at March 31, 2013, showed $5.60 million in total
assets, $8.85 million in total liabilities and a $3.25 million
total stockholders' deficit.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2012.  The independent auditors noted that
the Company had a working capital deficit and reoccurring losses
as of Dec. 31, 2012.  These conditions raise substantial doubt
about its ability to continue as a going concern.


* Courts Tack Fee to Bankruptcy Sale Motions
--------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that plenty of ink has been spilled on how bankruptcy courts today
see more sales of assets and businesses rather than true
reorganizations. Now, courts have found a way to turn what seems
to be a lasting trend into a moneymaker.

According to the report, starting Dec. 1, anyone who files a
motion to sell assets -- whether it's a billion-dollar business, a
single corporate jet or a tiny plot of land -- will have to pay a
$176 administrative fee for the privilege.

"This is going to be paid in many Chapter 11 cases, and probably
in Chapter 7 [liquidation] cases when trustees look to sell
assets," said Cooley LLP restructuring lawyer Robert Eisenbach,
who pointed out the looming change on Cooley's bankruptcy blog,
the report related.

The fee comes as federal courts face a funding crisis, the report
noted.  Congress appropriates most of the federal judiciary's
operating funds, so government budget cuts hit the judiciary hard.
A small percentage of operating funds come from fees that the
federal courts charge.  It's clear that bankruptcy pays,
generating about 79% of those fees, according to a recent report
from the Judicial Conference of the United States.

The conference's bankruptcy committee recommended the sale motion
fee, weighing the amount tied to the value of the sale before
deciding on a flat fee, according to a committee report from
September that the Journal's Bankruptcy Beat viewed, the report
said.


* BOND PRICING -- For Week From Nov. 11 to 15, 2013
---------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
AES Eastern Energy LP   AES       9.67     4.125       1/2/2029
AES Eastern Energy LP   AES          9      1.75       1/2/2017
Alion Science &
  Technology Corp       ALISCI   10.25    60.639       2/1/2015
B456 Systems Inc        AONE      3.75        24      4/15/2016
Buffalo Thunder
  Development
  Authority             BUFLO    9.375        36     12/15/2014
California Baptist
  Foundation            CALBAP     7.8         4     11/15/2013
Cengage Learning
  Acquisitions Inc      TLACQ     10.5    18.625      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ       12    13.875      6/30/2019
Cengage Learning
  Acquisitions Inc      TLACQ    13.25     1.375      7/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ     10.5    18.625      1/15/2015
Cengage Learning
  Acquisitions Inc      TLACQ    13.25     1.375      7/15/2015
Cengage Learning
  Holdco Inc            TLACQ    13.75     1.375      7/15/2015
Champion
  Enterprises Inc       CHB       2.75     0.375      11/1/2037
Energy Conversion
  Devices Inc           ENER         3     7.875      6/15/2013
Energy Future
  Competitive
  Holdings Co LLC       TXU      8.175        15      1/30/2037
Energy Future
  Holdings Corp         TXU       5.55    34.275     11/15/2014
Federal Home
  Loan Banks            FHLB       3.5    99.375      8/21/2023
James River Coal Co     JRCC     7.875    28.594       4/1/2019
James River Coal Co     JRCC       4.5      29.6      12/1/2015
James River Coal Co     JRCC        10      52.5       6/1/2018
James River Coal Co     JRCC        10    41.383       6/1/2018
James River Coal Co     JRCC     3.125     24.25      3/15/2018
LBI Media Inc           LBIMED     8.5        30       8/1/2017
Lehman Brothers
  Holdings Inc          LEH          1    19.125      8/17/2014
Lehman Brothers
  Holdings Inc          LEH          1    19.125      8/17/2014
Lehman Brothers Inc     LEH        7.5      16.1       8/1/2026
MF Global Holdings Ltd  MF        6.25    46.033       8/8/2016
MF Global Holdings Ltd  MF       1.875      41.9       2/1/2016
Mashantucket Western
  Pequot Tribe          MASHTU     6.5     13.25       7/1/2036
Overseas Shipholding
  Group Inc             OSG       8.75     93.45      12/1/2013
Patriot Coal Corp       PCX       3.25         2      5/31/2013
Powerwave
  Technologies Inc      PWAV     1.875      0.75     11/15/2024
Residential
  Capital LLC           RESCAP   6.875    35.875      6/30/2015
SLM Corp                SLMA     4.086     99.75     11/21/2013
Savient
  Pharmaceuticals Inc   SVNT      4.75         1       2/1/2018
School Specialty
  Inc/Old               SCHS      3.75    36.125     11/30/2026
Sorenson
  Communications Inc    SRNCOM    10.5        72       2/1/2015
Sorenson
  Communications Inc    SRNCOM    10.5        72       2/1/2015
THQ Inc                 THQI         5    25.688      8/15/2014
TMST Inc                THMR         8    16.125      5/15/2013
Terrestar Networks Inc  TSTR       6.5        10      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU      10.25         8      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU         15     27.25       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU      10.25       6.5      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU       10.5     8.875      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU         15      29.2       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU      10.25       8.5      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU       10.5     8.375      11/1/2016
Trico Marine
  Services Inc/
  United States         TRMA     8.125      3.93       2/1/2013
USEC Inc                USU          3      19.8      10/1/2014
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS       8.75        31       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375        44       8/1/2016
WCI Communities
  Inc/Old               WCI          4     0.375       8/5/2023
Western Express Inc     WSTEXP    12.5        62      4/15/2015
Western Express Inc     WSTEXP    12.5        62      4/15/2015




                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2013.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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