TCR_Public/140122.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Wednesday, January 22, 2014, Vol. 18, No. 21


                            Headlines

1701 COMMERCE: Judge Confirms Chapter 11 Reorganization Plan
ADVANCED MICRO DEVICES: Posts Profit But Warns on Revenue
AKAAL LODGING: Wins Confirmation of Chapter 11 Plan
ALLIED INDUSTRIES: Cash Collateral Hearing on Jan. 30
BAY HARBOR APARTMENTS: Stabilis Fund Wins Relief From Stay

BERNARD L. MADOFF: Banks Barred From Appealing Now From Decision
CAESARS ENTERTAINMENT: Cuts Director's Annual Salary to $90,000
BON-TON STORES: GAMCO Asset Holds 3.7% Equity Stake
CARBIZ INC: SEC Revokes Registration of Securities
CENGAGE LEARNING: Creditors Demand Apax Docs Connected to Debt Buy

CHINA RUITAI: SEC Revokes Registration of Securities
CHRYSLER GROUP: Fiat Completes Acquisition of Automaker
CLI HOLDINGS: Bitcon Miner Alydian Blocked from Selling Assets
COASTAL CONDOS: Hearing on Case Dismissal Bid Continued to Feb. 5
COLLEGE OF THE CHRISTIAN BROTHERS: Says Funds Unrestricted

COMMUNITY TOWERS: Case Conversion Hearing Set for Jan. 22
COMPREHENSIVE CARE: Changes Name to "Advanzeon Solutions, Inc."
COYOTE MOON: Files Schedules of Assets and Liabilities
CROC LLC: 12-Unit Condo Operator to Liquidate in Chapter 7
COLOR STAR: Sells Asset for $6.6 Million

CUE & LOPEZ: Can Employ Auri Coira as Realtor
CUE & LOPEZ: Can Hire Torres CPA as Auditor
DAVID E. MCCARTER: Audio Visual Communications Shares Foreclosed
DETROIT, MI: Civil Rights Plaintiffs Seek Official Committee
DIGITAL DOMAIN: Forbearance Period Under DIP Loan Expires Feb. 28

DOTS LLC: Case Summary & 30 Largest Unsecured Creditors
ECOTALITY INC: Wants Plan Filing Exclusivity Extended Thru March
EDGENET INC: Files List of Eight Unsecured Creditors
EWGS INTERMEDIARY: Klehr Harrison Approved as Counsel
FAIRMONT GENERAL: Ombudsman Can Hire Greenberg Traurig as Counsel

FAIRMONT GENERAL: Ombudsman Can Hire SAK Management as Advisor
FISKER AUTOMOTIVE: To Auction Assets with Two Competing Bids
FLUX POWER: Sells $600,000 Units to Esenjay Investments
GMAC INC: Court Ruling May Impact Automobile Financing Agreements
GOLDKING HOLDINGS: May Employ Epiq as Administrative Advisor

GOLDKING HOLDINGS: Court Okays Hiring of Epiq as Claims Agent
GOLDKING HOLDINGS: Court Approves Hiring of E-Spectrum as Advisor
GREEN FIELD: Steven A. Felsenthal Named as Chapter 11 Examiner
GULF COLORADO: Buyer Asks Court to Declare Asset Free of Liens
GULFCOAST IRREVOCABLE: Court Won't Reconsider Trust Ruling

HALLWOOD GROUP: Amends Schedule 13E-3 Statement with SEC
HOUSTON REGIONAL: Comcast Reiterates Interest in Network
INFINIA CORP: Jan. 29 Hearing on Bid to Purchase Run-Off Coverage
INTERMETRO COMMUNICATIONS: Charles Levy Stake at 9.9%
LEHMAN BROTHERS: Forecloses on Martinez Property

MOHAJER12 CORP: Case Summary & 14 Unsecured Creditors
MT LAUREL LODGING: Amends Schedules of Asset and Liabilities
MT LAUREL LODGING: Defends Bid to Hire Perkins Coie as Counsel
N-VIRO INTERNATIONAL: Defaults Under Credit Facilities
NET TALK.COM: Steven Healy Elected New CFO

NEW ENERGY: Nonbidder Can't Challenge Sale of Assets to JV
NEW YORK CITY OPERA: Musicians Planning February Reunion Concert
NNN 3500: CWCapital Balks at BMC Group as Tabulation Agent
NORTHERN BEEF: White Oak Has More Time to Close Asset Sale
NORTHERN BLIZZARD: Moody's Assigns B2 CFR & Rates Unsec. Bonds B3

NORTHERN BLIZZARD: S&P Assigns 'B' CCR & Rates Unsec. Notes 'B-'
OCZ TECHNOLOGY: Chief Executive to Stay Onboard After Sale
PACIFIC THOMAS: Seeks Approval to Borrow $6.5-Mil. in Financing
PACIFIC THOMAS: Secured Creditors Still Objecting to Plan Outline
PANKAJ K. KARAN: Smartlipo MPX Laser System to Be Sold Feb. 10

PLEXTRONICS INC: Chapter 11 Plan Due May 16
PLY GEM HOLDINGS: Unit Offering $550 Million of Senior Notes
PLUG POWER: Closes $30 Million of Registered Offering
PRESIDENTIAL REALTY: Extends Employments of CEO & Pres. Till 2015
REDE ENERGIA: Seeks U.S. Recognition of Brazilian Bankruptcy Plan

RENTAL REAL ESTATE: Voluntary Chapter 11 Case Summary
RIH ACQUISITION: Strikes Deal With AC Electric, South Jersey Gas
ROBERT FREEMAN: 4th Circ. Flips $631K Restitution v. 'Dr. Shine'
RSM PRODUCTION: To Dispute VOG's Cash Call & Notice of Default
SAVIENT PHARMACEUTICALS: Rigrodsky & Long Files Class Suit

SCHWAB INDUSTRIES: No Further Hearing in Malpractice Suit
STANS ENERGY: Applies for Management Cease Trade Order Extension
SUMMIT ACCOMMODATORS: Bloggers and Press Get Same Protections
T-L CONYERS: Hearing on Bid to Extend Exclusivity Set for Feb. 12
TOWNEPLACE SUITES: Management Firm Takes Over Operations

TRANSGENOMIC INC: Applies for NASDAQ Capital Market Listing
UNITED SILVER: Ontario Court Appoints Duff & Phelps as Receiver
UPPER VALLEY: Jan. 30 Hearing on Bid to Use Cash Collateral
UPPER VALLEY: Jan. 30 Hearing on Request to Incur DIP Financing
VALENCE TECHNOLOGY: Ceases Filing of SEC Reports

VILLAGE AT KNAPP'S: FCB, et al. Oppose Approval of Plan Outline
VISUALANT INC: Borrows $200,000 From CEO
WHEATLAND MARKETPLACE: Jan. 28 Hearing on Bid to Use Cash

* Sands & Associates Releases Second Annual BC Consumer Debt Study
* Public Companies Face More Class Actions Despite Higher Hurdles

* AlixPartners Promotes 11 to Managing Director, 35 to Director
* Dennis Dunne Named Honorary Chair of Michael Lynch Dinner
* Herrick Feinstein Appoints New Department Chairs & Co-Chairs

* Michael Brosse Joins Lowenstein Sandler's Corporate Department
* Roetzel Partner Paul Giordano Takes Over as CCA President
* United Nations Honors Family of Parker Ibrahim's Joe Lemkin

* Upcoming Meetings, Conferences and Seminars


                            *********


1701 COMMERCE: Judge Confirms Chapter 11 Reorganization Plan
------------------------------------------------------------
U.S. Bankruptcy Judge Michael Lynn confirmed the Chapter 11 plan
proposed by 1701 Commerce LLC to exit bankruptcy protection.

The bankruptcy judge signed off the plan on Jan. 9, which sets the
stage for creditors to start getting their money back.

Under the plan, creditors will recover 100% of their claims that
were allowed by the court, plus interest accrued since the
company's bankruptcy filing.

General unsecured creditors, which assert a total of $2.978
million in claims, will be paid in full, plus postpetition
interest calculated on the "federal post-judgment interest rate."

Meanwhile, holders of equity interests in the company will retain
their stake.  Vestin Fund III, LLC (1.70%), Vestin Realty
Mortgage I, Inc. (7.93%), and Vestin Realty Mortgage II, Inc.
(90.37%), will retain such interests pursuant to the treatment of
Class 3 under the plan.

The reorganized company will continue to be managed by Vestin
Mortgage LLC, which is managed by Michael Shustek, according to
Judge Lynn's Jan 9 order.  The court order can be accessed for
free at http://is.gd/4rYZki

1701 Commerce sold last year its hotel property, which is the
company's primary asset.  The company, which has $4 million in
cash, initially signed a deal to sell its Sheraton-branded hotel
in Fort Worth to a subsidiary of Dallas-based Prism Hotels &
Resorts but Prism was unable to complete the purchase.  In July,
1701 Commerce completed the sale of the property to an affiliate
of Presidio Hotel Fort Worth, L.P.

                        About 1701 Commerce

1701 Commerce, LLC, owner and operator of a full service "Sheraton
Hotel" located at 1701 Commerce, Fort Worth, Texas, filed for
Chapter 11 protection (Bankr. N.D. Tex. Case No. 12-41748) on
March 26, 2012.  The Debtor also was the former operator of a
Shula's steakhouse at the Hotel.

1701 Commerce was previously named Presidio Ft. Worth Hotel LLC,
but changed its name to 1701 Commerce, prior to the bankruptcy
filing date to reduce and minimize any potential confusion
relating to an entity named Presidio Fort Worth Hotel LP, an
unrelated and unaffiliated partnership that was the former owner
of the hotel property owned by the Debtor.

1701 Commerce is a Nevada limited liability company whose members
are Vestin Realty Mortgage I, Inc., Vestin Mortgage Realty II,
Inc., and Vestin Fund III, LLC. 1701 Commerce LLC's operations are
managed by Richfield Hospitality Group, an independent management
company that is not affiliated with the Debtor or any of its
members.

Judge D. Michael Lynn presides over the bankruptcy case.  The
Debtor disclosed $71,842,322 in assets and $44,936,697 in
liabilities.


ADVANCED MICRO DEVICES: Posts Profit But Warns on Revenue
---------------------------------------------------------
Anna Prior and Don Clark, writing for The Wall Street Journal,
reported that Advanced Micro Devices Inc. swung to a profit in the
fourth quarter but projected a decline in revenue for the current
period, sending shares down nearly 10% in after-hours trading.

According to the report, for the first quarter, AMD said it
expects revenue to be about 16% less than the period ended in
December, plus or minus 3% -- steeper than the usual seasonal
decline for the industry and a worse drop than analysts expected.

AMD has been trying to restructure its operations to diversify its
products and adapt to progressively weak demand for PCs, which
also has weighed on its peers, the report said.

The Sunnyvale, Calif., company's fourth-quarter results were
buoyed by sales of chips for the new videogame consoles introduced
in November by Sony Corp. and Microsoft Corp., the report related.
AMD customizes parts of its products for each company, creating
what it calls "semi-custom" computers on a chip, or SoCs.

"Combined, Sony and Microsoft reported selling more than seven
million units in less than two months," said Rory Read, AMD's
chief executive, during a conference call with analysts, the
report cited.  "This is more than double the number of prior
generation consoles sold in their first quarter of introduction."


                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company. The Company's products include x86
microprocessors and graphics.

                          *     *     *

In August 2013, Standard & Poor's Ratings Services revised its
outlook on Advanced Micro to negative from stable.  At the same
time, S&P affirmed its 'B' corporate credit and senior unsecured
debt ratings on AMD.


AKAAL LODGING: Wins Confirmation of Chapter 11 Plan
---------------------------------------------------
Bankruptcy Judge Stephen V. Callaway last month confirmed the
Chapter 11 Plan of Reorganization filed by AKAAL Lodging LLC on
Aug. 16, 2013 and as immaterially modified on Sept. 23 and Nov.
15, 2013.

Community Trust Bank and the U.S. Trustee objected to the First
Modified Plan.  However, after reviewing the objections to
Confirmation and based upon the representations of counsel at the
Confirmation Hearing, these objections were withdrawn.

Judge Callaway also held that AKAAL's hotel establishment is
presently worth $2.875 million.

Southern Host Lodging Inc. manages AKAAL and several related hotel
establishments.

A copy of the Court's Findings of Fact and Conclusions of Law
dated Dec. 9, 2013, is available at http://is.gd/qKnJFxfrom
Leagle.com.

AKAAL Lodging, LLC, aka Rodeway Inn & Suites, based in Bossier
City, Louisiana, sought Chapter 11 bankruptcy protection (Bankr.
W.D. La. Case No. 13-10640) on March 19, 2013, in Shreveport.
Judge Stephen V. Callaway oversees the case.  AKAAL Lodging
scheduled assets of $4,036,566 and liabilities of $3,665,417.  A
list of the Company's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb13-10640.pdf The
petition was signed by Jagtar Otal, manager.

AKAAL Lodging is represented by:

         Ryan J. Richmond, Esq.
         P. Douglas Stewart, Jr., Esq.
         Brandon A. Brown, Esq.
         Ryan J. Richmond, Esq.
         STEWART ROBBINS & BROWN, LLC
         Baton Rouge, LA
         E-mail: dstewart@stewartrobbins.com
                 bbrown@stewartrobbins.com
                 rrichmond@stewartrobbins.com


ALLIED INDUSTRIES: Cash Collateral Hearing on Jan. 30
-----------------------------------------------------
The Jan. 30 hearing on Allied Industries, Inc.'s motion to
continue using cash collateral that is subject to a security lien
interest of California United Bank has been moved a couple of
hours earlier, from 11:00 a.m. to 9:00 a.m.

On Aug. 14, 2013, the Debtor and Bank stipulated to the use of
cash collateral through Dec. 31, 2013.  On Aug. 15, 2014, the
Court entered an order approving this stipulation.

The Debtor now seeks Court authorization to use cash collateral
because CUB has refused to consent to use of cash collateral
beyond Dec. 31, 2013.

The Debtor said it is in the midst of a massive reorganization.
Over the past nine months that the Debtor has been in bankruptcy,
the Debtor said it has significantly reduced expenses; swapped out
low margin, high risk projects in favor of ones with high margins
and low risk; and aggressively focused on obtaining new business
through the growth of its sales team.  The Debtor has also been
working constructively with the Official Committee of Unsecured
Creditors as well as the Committee's financial advisors.

The Debtor continues to seek authorization to use cash collateral
consistent with the terms of the Court-approved August Cash
Collateral Stipulation.

The Debtor said it continues to show signs of improving its bottom
line and its margins.  Over the course of the bankruptcy, the
Debtor has refocused its business from handling high risk and low
margin projects that required substantial outlays of cash to
handling low risk, high margin projects that require a minimal
outlay of cash and are usually paid within 60 to 90 days.  Larger
projects often involved waiting for several years before the full
payment was made.  Furthermore, the Debtor has substantially cut
its expenses.

To increase revenues, the Debtor recently hired an experienced
sales manager who will be focused on maximizing sales from
existing and potential clients.  The Debtor is also hiring new
salespeople, whom the Debtor calls project managers to reflect
their role in overseeing the beginning and end of projects.  The
combined benefit of this new sales manager plus more salespeople
will be to add new work that will generate new income to pay the
Debtor's debts.

The Debtor seeks use of CUB's cash collateral for 90 days from
January 1, 2014 to March 30, 2014.  In contrast, if the Debtor is
denied the use of cash collateral, it may be unable to complete
pending projects, and the value of any collateral will likely
suffer immediate and irreparable harm.

As reported in the Troubled Company Reporter on Dec. 10, 2013,
California United Bank told the Court it would oppose Allied
Industries' use of cash collateral beyond Dec. 31, 2013.  CUB does
not believe the Debtor can propose a feasible plan of
reorganization based around the continued operation of the
Debtor's business.  The bank, therefore, will not stipulate to
further cash collateral use and will oppose the Debtor's motion
for continued use of cash, absent persuasive evidence that a
feasible plan is in prospect.  Among other concerns, the bank
notes that the Debtor's October monthly operating report shows an
accrued loss of over $268,000 per month.

Attorneys for Debtor can be reached at:

         Dheeraj K. Singhal, Esq.
         Dixon L. Gardner, Esq.
         DCDM LAW GROUP, PC
         30 N. Raymond Ave., Suite 801
         Pasadena, CA 91103
         Tel: (626) 689-2407
         Fax: (626) 689-2205
         E-mail: dksinghal@dcdmlawgroup.com
                 dgardner@dcdmlawgroup.com

                    About Allied Industries

Allied Industries, Inc., filed a Chapter 11 petition (Bankr. C.D.
Cal. Case. No. 13-11948) on March 21, 2013.  The petition was
signed by Ernesto Gutierrez as president and chief executive
officer.  The Debtor scheduled assets of $13,086,216 and
scheduled liabilities of $7,457,365.

Then Debtor has tapped Dheeraj K. Singhal, Esq., and Dixon L.
Gardner, Esq. at DCDM Law Group, P.C., as counsel, the Capital
Turnaround Group, Inc., as turnaround consultant, and Glenn M.
Gelman & Associates as accountants.

The Official Committee of Unsecured Creditors has retained
Pachulski Stang Ziehl & Jones LLP as counsel and CohnReznick LLP
as financial advisor.


BAY HARBOR APARTMENTS: Stabilis Fund Wins Relief From Stay
----------------------------------------------------------
Bankruptcy Judge Gerald D. Fines in a December ruling granted
Stabilis Fund II, LLC, relief from the automatic stay in the
Chapter 11 cases of Gerald Hartman and Lynne E. Hartman; and Bay
Harbor Apartments, LLC.  According to Judge Fines, the undisputed
facts before the Court clearly show that Stabilis is not
adequately protected in its interest in the Debtors' real estate
assets, that the Debtors do not have any equity in their real
estate assets, and that there has not been an adequate showing
that the real estate assets in question are necessary to an
effective reorganization.

When they filed for bankruptcy, the Debtors' personal assets
consisted almost exclusively of $21,953.41 in checking, savings,
or other financial accounts.  The majority of the personal assets
were held in an income tax escrow account.  The Debtors showed
general unsecured non-priority claims of $177,185.  This amount
did not include any deficiency claim that may be due and owing to
Stabilis under its mortgage on all of the Debtors' real estate
holdings.

The Debtors' real estate is fully encumbered by the mortgage lien
of Stabilis, which has filed a proof of claim for $4,964,838.
Stabilis asserts a secured claim up to the value of the Debtors'
real estate assets and an unsecured claim for the remaining
deficiency.

The Debtors' exclusive period to file a plan of reorganization
under Chapter 11 lapsed on July 16, 2013, with no plan being filed
prior to that date.

On Sept. 12, 2013, the Debtors filed Disclosure Statements and
Plans of Reorganization designating four classes of creditors.
Class 1 consists of the claims of Champaign County, Illinois, for
unsold real estate taxes due and owing on the Debtors' real
estate, which the Debtors indicate amount to approximately
$7,561.24, as of August 15, 2013.  Class 2 consists of the claims
of various third-party purchases of unpaid real estate taxes for
the real estate collateral of the Debtors, which the Debtors'
Plans indicate equal approximately $181,980.10, as of August 15,
2013. Class 3 of the Debtors' Plans consists of the secured claims
of lender, Stabilis Fund II, LLC. Class 4 of the Debtors' Plans
consists of all unsecured claims.

A hearing was held on Stabilis' Motion (I) for Relief from Stay,
and (II) to Prohibit Debtor's Unauthorized Use of Cash Collateral
filed in each of the cases on Oct. 17, 2013.  At hearing, Gerald
Hartman testified that the Plan in each case was only a proposal
and that no statement of projections to verify if the Plans were
feasible had been prepared.  Gerald Hartman further stated that
"all or some" of the real property assets were necessary for an
effective reorganization; however, he did not elaborate which, if
any, of the individual real estate property assets were absolutely
necessary for an effective reorganization.

According to Judge Fines, it is clear from the record of the
Debtors' bankruptcy proceedings and from the testimony of Gerald
Hartman that the reorganization plans will be financed using the
revenues from the real property assets retained by the Debtors,
and that no holder of any equity interest in the Debtors is
contributing any money or financing in any connection with the
Plans. It is also clear that the Debtors will need new and
additional financing from a third party in order to resolve the
secured claims of Stabilis at the end of their plan terms.  Gerald
Hartman testified that at present there is no commitment for
financing in the future.

In addition to admitting that the Debtors have no commitment for
financing to resolve the secured claim of Stabilis, the Debtors
also admit that Stabilis' cash collateral, consisting of rents
generated from the Debtors' rental properties has been used
without consent from Stabilis and without authorization from the
Court.

A copy of the Court's Dec. 11, 2013 Opinion is available at
http://is.gd/WVpMyafrom Leagle.com.

Bay Harbor Apartments, LLC, based in Champaign, Illinois, sought
Chapter 11 bankruptcy protection (Bankr. C.D. Ill. Case No.
13-90310) on March 18, 2013.  Judge Gerald D. Fines presides over
the case.  Brett Kepley, Esq., at Rawles, O'Byrne, Stanko &
Kepley, P.C., serves as Bay Harbor's counsel.

In its petition, Bay Harbor estimated $1 million to $10 million in
both assets and debts.  The petition was signed by Gerald W.
Hartman, member.

Mr. Hartman and Lynne E. Hartman also filed a joint Chapter 11
petition (Case No. 13-90309) on the same date.

The majority of the Debtors' assets consist almost entirely of
real estate, which the Debtors' bankruptcy schedules indicate have
a consolidated value of approximately $2,868,013. The bulk of the
real estate consists of rental properties owned and managed by the
Debtors.


BERNARD L. MADOFF: Banks Barred From Appealing Now From Decision
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Credit Suisse Group AG, Barclays Plc and 17 other
foreign banks were barred by U.S. District Judge Jed Rakoff for
the time being from appealing his Oct. 29 opinion giving Bernard
Madoff's trustee the right to sue them as feeder-fund customers.

Judge Rakoff refused to allow appeals in a three-page opinion on
Jan. 14, the report related.  Blocking an appeal now has strategic
and procedural significance, Mr. Rochelle pointed out. The banks
consequently face a quicker trial and the possibility of entry of
judgment against them. Barring an appeal would typically give a
trustee additional leverage in any settlement talks.

Judge Rakoff said he has "unfettered discretion" to deny an appeal
before a lawsuit is completed entirely, the report further
related.  In the bank cases, Judge Rakoff sent the suits back to
U.S. Bankruptcy Judge Burton R. Lifland to process. The banks
would be allowed to appeal only after a trial is completed and the
dollar amount of their liability is determined.

Judge Rakoff said that so-called interlocutory appeals are
permitted only in "exceptional circumstances" and when there is
doubt the ruling was correct, the report added.  Judge Rakoff said
there's no "substantial ground for difference of opinion" about
the correctness of his October ruling.

In denying an appeal at this time, Judge Rakoff said he relied on
the reasons given by Picard, who urged forestalling an appeal, the
report said.

The bank case before Judge Rakoff is part of In re Bernard L.
Madoff Investment Securities LLC, 12-mc-00115, U.S. District
Court, Southern District of New York (Manhattan).

                     About Bernard L. Madoff

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

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The 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.


CAESARS ENTERTAINMENT: Cuts Director's Annual Salary to $90,000
---------------------------------------------------------------
The Board of Directors of Caesars Entertainment Corporation
approved a reduction in the compensation of Director Lynn Swann
from $115,000 per year to $90,000 per year effective Jan. 1, 2014,
to reflect his change in responsibilities.

Mr. Swann is no longer a member of the Company's Audit Committee
but continues to serve as a member of the Company's Human
Resources Committee, the Nominating and Corporate Governance
Committee and the 162(m) Plan Committee.

                    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.


BON-TON STORES: GAMCO Asset Holds 3.7% Equity Stake
---------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, GAMCO Asset Management Inc. and its
affiliates disclosed that as of Jan. 14, 2014, they beneficially
owned 647,397 shares of common stock of The Bon-Ton Stores, Inc.,
representing 3.7 percent of the shares outstanding.  GAMCO Asset
previously disclosed beneficial ownership of 637,397 common shares
or 3.63 percent equity stake as of Nov. 18, 2013.  A copy of the
regulatory filing is available at http://is.gd/kn8Guk

                       About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 273 department
stores, which includes 10 furniture galleries, in 25 states in the
Northeast, Midwest and upper Great Plains under the Bon-Ton,
Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman,
Herberger's and Younkers nameplates and, in the Detroit, Michigan
area, under the Parisian nameplate.

Bon-Ton Stores disclosed a net loss of $21.55 million for the year
ended Feb. 2, 2013, as compared with a net loss of $12.12 million
for the year ended Jan. 28, 2012.  The Company's balance sheet at
Nov. 2, 2013, showed $1.80 billion in total assets, $1.75 billion
in total liabilities and $48.87 million in total shareholders'
equity.

                           *     *     *

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

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

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


CARBIZ INC: SEC Revokes Registration of Securities
--------------------------------------------------
The U.S. Securities and Exchange Commission entered an order
revoking the registration of each class of registered securities
of CarBiz, Inc., affirming the initial decision of an
administrative law judge.

The time for filing a petition for review of the Initial Decision
has expired.  No such petition has been filed by Carbiz and the
Commission has not chosen to review the decision on its own
initiative.  Accordingly, the Initial Decision of the
administrative law judge has become final.

CarBiz Inc. operates and manages its business in two segments,
which are its used car sales and leasing segment -- CarBiz Auto
Credit -- and consulting and collections services offered to
independent car dealerships -- Consulting and Collections.  CarBiz
operates 25 Buy-Here Pay-Here credit centers throughout the United
States.  The company also provides training, consulting,
performance groups and management services for dealers seeking to
improve their BHPH programs.

As reported by the TCR on Feb. 17, 2010, CarBiz Inc. and its
subsidiaries have turned over all of their assets to the Company's
two senior secured lenders, Dealer Services Corporation and Wells
Fargo Preferred Capital, Inc., and have ceased operations.


CENGAGE LEARNING: Creditors Demand Apax Docs Connected to Debt Buy
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Cengage Learning, Inc., and its debtor affiliates ask the
U.S. Bankruptcy Court for the Eastern District of New York to
compel Apax Partners, L.P., and its affiliates to produce
documents relating to a discovery dispute between the parties.

In September last year, the Court entered a Consent Order
requiring Apax to produce, inter alia, "all documents that Apax
produced to Willkie Farr & Gallagher LLP" as part of Willkie Farr
& Gallagher LLP's investigation into the lawfulness and propriety
of Apax's prepetition debt acquisitions.  Michael Bathon,
substituting for Bill Rochelle, the bankruptcy columnist for
Bloomberg News, recalled that in 2007, Apax led a $7.75 billion
acquisition of Cengage from Thomson Reuters Corp.

The Consent Order further required Apax to produce documents on a
rolling basis commencing immediately and to use reasonable best
efforts to complete the production on or before Sept. 24, 2013.

Contrary to the Consent Order, Apax did not produce all documents
that it produced to Willkie by September 24, 2013.  Instead, it
produced most of the 140,586 pages it produced to Willkie well
after September 24th, and Apax produced many of these documents
with substantial portions redacted, even though Apax presumably
produced these documents to Willkie in unredacted form.  Moreover,
Apax withheld over 14,000 pages as privileged.

The Creditors' Committee asserts that Apax must produce the
Withheld Materials for three reasons: (1) Apax waived the
privilege when it disclosed the materials to Willkie; (2) Apax
waived the privilege by failing to object to the disclosure of the
Willkie Report; and (3) Apax waived the privilege by failing to
furnish an adequate privilege log even though the Court gave Apax
an extra six weeks to prepare and produce its privilege log.

A hearing on the Committee's request is set for Jan. 29, 2014, at
3:00 p.m. (EST).  Objections are due Jan. 22.

The Committee is represented by Andrew I. Silfen, Esq., Robert M.
Hirsh, Esq., and Michael S. Cryan, Esq., at ARENT FOX LLP, in New
York; and Mark B. Joachim, Esq., Martin Cunniff, Esq., Jeffrey N.
Rothleder, Esq., and Jackson D. Toof, Esq., at ARENT FOX LLP, in
Washington D.C.

                       About Cengage Learning

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

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

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

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

The Debtors filed a Joint Plan of Reorganization and Disclosure
Statement dated Oct. 3, 2013, which provides that the Debtors took
extreme care to advance and protect the interest of unsecured
creditors -- including seeking to protect four primary sources of
potential recoveries for unsecured creditors and providing them
with appropriate time to conduct diligence, and discuss their
conclusions on, among other things, the value of those sources of
potential recoveries.


CHINA RUITAI: SEC Revokes Registration of Securities
----------------------------------------------------
The U.S. Securities and Exchange Commission revoked the
registration of each class of registered securities of China
Ruitai International Holdings Co., Ltd., affirming the initial
decision of Cameron Elliot, an administrative law judge.

The Initial Decision revokes the registration of the registered
securities of China Ruitai based on the Company's failure to file
required current and period reports with the SEC.  The time for
filing a petition for review of the Initial Decision has expired.
No such petition has been filed by China Ruitai and the Commission
has not chosen to review the decision on its own initiative.

                         About China Ruitai

Shandong, China-based China Ruitai International Holdings Co.,
Ltd., was organized under the laws of the State of Delaware on
Nov. 15, 1955, under the name "Inland Mineral Resources Corp."
Currently, the Company, through its wholly-owned subsidiary,
Pacific Capital Group Co., Ltd., a corporation incorporated under
the laws of the Republic of Vanuatu, and its majority-owned
subsidiary, TaiAn RuiTai Cellulose Co., Ltd., a Chinese limited
liability company, is engaged in the production, sales, and
exportation of deeply processed chemicals, with a primary focus on
non-ionic cellulose ether products in the People's Republic of
China as well as to the United States, Europe, Japan, India and
South Korea.

As reported by the TCR on April 8, 2011, Bernstein & Pinchuk LLP,
in New York, after auditing the Company's financial statements for
the year ended Dec. 31, 2010, expressed substantial doubt about
China Ruitai's ability to continue as a going concern.  The
independent auditors noted that the Company has negative working
capital.

The Company's balance sheet at Sept. 30, 2011, showed
$130.37 million in total assets, $96.16 million in total
liabilities and $34.21 million in total equity.


CHRYSLER GROUP: Fiat Completes Acquisition of Automaker
-------------------------------------------------------
Rachel Abrams, writing for The New York Times' DealBook, reported
that classic American car manufacturer has officially become 100
percent Italian.

According to the report, the Italian automobile manufacturer Fiat
announced on Jan. 21 that it had completed its deal to purchase
the 41 percent it did not already own of Chrysler, the once-
troubled American car company. The transaction completes the $4.35
billion deal Fiat announced earlier this month, and makes Fiat the
world's seventh-largest automaker.

Fiat has shared ownership of Chrysler with the health care fund of
the United Automobile Workers union since Chrysler emerged from
bankruptcy in 2009, the report related.  Since then, Fiat has made
no secret about wanting to acquire the U.A.W.'s stake.

"The unified ownership structure will now allow us to fully
execute our vision of creating a global automaker that is truly
unique in terms of mix of experience, perspective and know-how --
a solid and open organization that will ensure all employees a
challenging and rewarding environment," Sergio Marchionne, Fiat's
chief executive and the chairman and chief executive of the
Chrysler Group, said in a statement when the deal was first
announced, the report cited.

As part of the plan, Fiat agreed to pay the U.A.W. trust
$1.75 billion in cash, the report further related.  Chrysler
agreed to make $1.9 billion in contributions, along with $700
million in installments over the next four years.

                       About Chrysler Group

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

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

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

                           *     *     *

Standard & Poor's Ratings Services raised its ratings on U.S.-
based auto manufacturer Chrysler Group LLC, including the
corporate credit rating to 'BB-' from 'B+' in mid-January 2014.
The outlook is stable.


CLI HOLDINGS: Bitcon Miner Alydian Blocked from Selling Assets
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that a bankruptcy judge in Seattle denied the request of
Alydian, a bitcoin miner, to set up an auction.

According to the report, Bitvestment Partners LLC, which has a
contract requiring Alydian to mine and deliver about 8,000
bitcoins, and which in October started a lawsuit in New York
federal court seeking to compel Alydian to comply with the
contract, opposed sale authorization, saying Alydian transferred
$12 million in bitcoins to an insider on the day of bankruptcy.

U.S. Bankruptcy Judge Karen Overstreet declined to approve a sale
of the equipment, at least for the time being, the report said.
The judge said she was "very close" to dismissing the case because
it's just a two-party dispute between the company and Bitvestment.

Judge Overstreet didn't approve a sale because the only evidence
shows the equipment might bring in $400,000, and the buyer may be
an insider, the report related.  Although there may be expenses to
offset the income, the record before the court indicated that the
company is "wildly profitable," Judge Overstreet said.

The better course of action might entail continued operations to
generate more cash for creditors, the judge said, the report
further related.

                        About CLI Holdings

CLI Holdings, Inc., doing business as Alydian, Inc., sought
bankruptcy protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Wash. Case No. 13-bk-19746) in Seattle on Nov. 1,
2013.

Alydian is a startup backed by virtual currency "incubator"
CoinLab Inc.  The business began operations on Aug. 7 and was
CoinLab's first portfolio company.  The company listed debt of as
much as $10 million and assets of less than $50,000 in its
bankruptcy petition.

The formal lists of assets show property with a value of $1.65
million, against $4.3 million in debt, all unsecured.

The Debtor is represented by:

         Deirdre Glynn Levin, Esq.
         KELLER ROHRBACK LLP
         1201 Third Avenue #3200
         Seattle, WA 98101
         Tel: 206-623-1900


COASTAL CONDOS: Hearing on Case Dismissal Bid Continued to Feb. 5
-----------------------------------------------------------------
The hearing on the motion to dismiss the chapter 11 case of
Coastal Condo filed by creditor First Equitable Realty, III, Ltd.
has been continued for Feb. 2, 2014 at 10:00 a.m. at 51 SW First
Ave Room 1410, Miami.

As reported in the Troubled Company Reporter on Dec. 19, 2013,
First Equitable Realty said Coastal Condos failed in its arguments
to trump First Equitable Realty's motion to dismiss the Chapter 11
case.  First Equitable Realty noted that according to the Debtor,
(i) the Court must not hear the motion to dismiss because FER did
not provide 21-days notice before the confirmation hearing; and
(ii) the Debtor claims that the doctrine of laches bars the motion
to dismiss.

On Nov. 27, the Debtor said it has complied with virtually all of
the significant requirements of a debtor-in-possession leading it
to the precipice of plan confirmation.  In this connection, the
Debtor said First Equitable Realty does not appear to dispute the
Debtor's Plan is feasible and viable.  Thus First Equitable Realty
tacitly admitted that there is a legitimate reorganization in the
offing.

In seeking dismissal of the Chapter 11 case, First Equitable
Realty said the current case -- together with the bankruptcy case
initially filed by the Debtor on May 25, 2012, and dismissed on
April 23, 2013 -- were conceived and have been administered and
implemented in bad faith.  According to First Equitable Realty,
the Debtor filed the bankruptcy cases to gain advantage over First
Equitable Realty in pending litigation and other disputes between
the two parties by imposing an automatic stay and thereby
attempting to place FER in violation of the stay.

First Equitable Realty cites these grounds for case dismissal:

   1. A debtor's attempt to use the provisions of the Bankruptcy
Code to gain an unfair advantage in a two-party dispute, such as
in Coastal Condo's bankruptcy case, strongly supports a finding of
cause for dismissal.

   2. Coastal Condo is a single asset reorganization case.  In its
filed schedules, Schedule A and Schedule B, the Debtor discloses
as its only "assets" the 72 condominium units and the rental
income of $164,258.48 deposited in its D.I.P. account
(representing the balance of the rental income accumulated during
the Mississippi bankruptcy case less the approximately $304,000
transferred on the eve of bankruptcy to fund attorneys' fees and
retainers).

   3. The Debtor's non-insider obligations are negligible in
comparison to the amounts owed to FER.

   4. The Debtor has no employees.

   5. The 72 condominium units were the subject of a Miami-Dade
County Circuit mortgage foreclosure action filed only 15 days
before the Mississippi bankruptcy.

   6. The Debtor's bankruptcy filings are solely due to its
numerous breaches of its obligations to FER and the $15.8 million
in principal, accumulated interest and attorney's fees owed to FER
because of such breaches.  But for FER, the Debtor would not have
filed for bankruptcy relief.  As its original schedules reflect,
the Debtor had no other creditors when it initially filed on May
25, 2012.

   7. The Debtor's bankruptcy filing on May 25, 2012 -- which
followed Mr. Dickson's threats of bankruptcy, first on March 1,
2012, and later on March 21, 2012, and came after Dr. Edwards
rejected Mr. Dickson's attempts to re-negotiate the CHFS defaulted
loans -- strongly points to the Debtor's intent to frustrate and
delay the exercise of FER's rights and remedies.  The 2012
bankruptcy filing -- two weeks after the Miami-Dade Circuit Court
action was filed on May 10, 2012, to set aside the fraudulent
transfers and to foreclose the mortgage -- conclusively removes
any doubt that the Debtor's bankruptcy was designed to frustrate
and delay FER's exercise of its rights and remedies.

                       About Coastal Condos

Coastal Condos filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 13-20729) on May 8, 2013.  The Debtor owns and manages 72
condominiums at 7601 East Treasure Drive, Miami Beach, FL 33141.
Judge A. Jay Cristol presides over the case.

David R. Softness, P.A., in Miami, Florida, represents the Debtor
as counsel.  Roy H. Lidell, Esq., of Wells Marble and Hurst, PLLC,
as well as David M. Rogero, P.A., serve as special counsel to the
Debtor.

Coastal Condos was the target of a $15.8 million foreclosure
lawsuit filed by North Bay Village-based First Equitable Realty
III in May 2012.

Coastal Condos owns 72 condo units at Grandview Palace in North
Bay Village, Florida, valued at $10.8 million.  Personal property
is valued at $389,000.  Assets total $11.2 million and liabilities
total $16.6 million.  It says that no creditors are holding
secured claims.

Coastal Condos first sought Chapter 11 protection (Bankr. S.D.
Miss. Case No. 12-07146) on May 25, 2012.  The case was dismissed
April 23, 2013.

The U.S. Trustee has not appointed a committee of creditors in the
2013 case.

The Debtor filed a Second Amended Plan of Reorganization early in
December 2013.  The Plan contemplates payment in full to creditors
over time.  The Plan provides for the utilization of all Coastal
Condos' assets consisting of 72 condominium units to fund payment
to creditors.  General unsecured creditors will receive payment in
full without interest with payments to creditors made on a pro
rata basis and at the end of each quarter after confirmation until
paid in full.


COLLEGE OF THE CHRISTIAN BROTHERS: Says Funds Unrestricted
----------------------------------------------------------
The College of the Christian Brothers of New Mexico on Oct. 10,
2013, filed a motion asking the Bankruptcy Court in Albuquerque,
N.M., to enter an order declaring (i) funds of the Debtor
unrestricted, (ii) that the funds may be used to satisfy the
general debts of the Debtor, and (iii) that any surplus funds
distributed by the Trustee to the Debtor are unrestricted.

Responses to the Motion must be filed with the Clerk of the
Bankruptcy Court, Federal Building and United States Courthouse,
500 Gold Ave. SW., Tenth Floor, Albuquerque, N.M. 87102 (or P.O.
Box 546, Albuquerque, N.M. 87103), within 21 days after the date
of publication of the notice and served on the Debtor's counsel:

         Thomas D. Walker, Esq.
         WALKER & ASSOCIATES, a Professional Corporation
         500 Marquette NW, Suite 650
         Albuquerque, NM 87102
         Tel: (505) 766-9272
         Fax: (505) 766-9287

If any responses are timely filed, a hearing will be held on
notice only to Mr. Walker and objecting parties. If no objections
are timely filed, an order granting the Objection will be
presented for entry without a hearing or further notice.

The Notice was published in the Santa Fe New Mexican on Dec. 27,
2013.

The College of the Christian Brothers of New Mexico is a debtor in
a Chapter 7 proceeding (Bankr. D.N.M. Case No. 12-11195).


COMMUNITY TOWERS: Case Conversion Hearing Set for Jan. 22
---------------------------------------------------------
A hearing on the motion filed by Tracy Hope Davis, U.S. Trustee
for Region 17, asking the U.S. Bankruptcy Court for the Northern
District of California to convert the Chapter 11 cases of
Community Towers I LLC et al., to a liquidation under Chapter 7,
is set for Jan. 22, 2014 at 2:00 p.m. at San Jose Courtroom 3099 -
Johnson.

As reported in Troubled Company Reporter on Dec. 26, 2013, the
U.S. Trustee said there remains nothing left to reorganize.  The
U.S. Trustee claims the Debtors: (i) have lost their real property
to foreclosure and have nothing left to reorganize; (ii) have
overdue quarterly fees; and (iii) have no incentive to pursue
potential claims against insiders, including fraudulent transfers,
which claims a Chapter 7 trustee would be in a better position to
evaluate and pursue for the benefit of creditors.

The Court has denied confirmation of the Debtors' Plan, finding
that it was not in the best interest of creditors and feasible.
Thereafter, the Debtors lost their primary asset to foreclosure.
San Jose Towers asserted that all of the Debtors remaining cash,
i.e. $1,186,230, is its cash collateral.

The U.S. Trustee noted that Community Towers I is current with
U.S. Trustee fees but the remaining Debtors owe a total of
$2,282.09 in U.S. Trustee fees as of Oct. 31, 2013.

The U.S. Trustee states that there is potential for unsecured
creditors to benefit from Chapter 7 conversion.  The U.S. Trustee
noted that a Chapter 7 Trustee would be permitted to determine if
any payments to creditors or others are voidable transfers, and if
the more than $1 million in payments made to insiders during the
year prior to filing were fraudulent transfers or otherwise
revocable.  The U.S. Trustee noted that Rosalie Feece, the wife of
the responsible individual John Feece, is the recipient of many of
these transfers, so Mr. Feece has no incentive to investigate or
pursue either a fraudulent transfer action against himself, his
wife or his others.

                  About Community Towers I

Community Towers I LLC is a real estate investment company.
Community Towers I LLC and various affiliates -- Community Towers
II, LLC, Community Towers III, LLC, Community Towers IV, LLC --
filed a Chapter 11 petition (Bankr. N.D. Cal. Lead Case No.
11-58944) on Sept. 26, 2011, in San Jose, California.  Community
Towers I disclosed $51,939,720 in assets and $39,479,784 in
liabilities as of the Chapter 11 filing.

John Walshe Murray, Esq., at Dorsey & Whitney LLP, represents the
Debtor as counsel, in substitution for Murray & Murray, A
Professional Corporation.  ACM Capital serves as financial
advisor.

Community Towers I, LLC, et al., submitted to the U.S. Bankruptcy
Court for the Northern District of California a Disclosure
Statement explaining the Second Amended Joint Plan of
Reorganization dated Aug. 16, 2013.

As reported in the Troubled Company Reporter on March 5, 2013, the
Court denied confirmation of the prior version of the Debtors'
Joint Chapter 11 Plan.  CIBC Inc., voted against the Joint Plan
and opposed confirmation contending that the Joint Plan (1)
improperly includes a third party release in violation of 11
U.S.C. Section 524; violates Section 1129(a)(11) because it is not
feasible; and is not fair and equitable to CIBC because the
interest rate proposed to be paid is inadequate to compensate CIBC
for the risk inherent in its loan to Debtors.


COMPREHENSIVE CARE: Changes Name to "Advanzeon Solutions, Inc."
---------------------------------------------------------------
The Board of Directors Advanzeon Solutions, Inc., approved,
authorized and directed the Company to change the name of the
Company from Comprehensive Care Corporation to Advanzeon
Solutions, Inc.  On Jan. 8, 2014, the name change was approved by
consent of a majority of all eligible votes of the Company's
shareholders.

The Board of Directors of the Company, at the same meeting, voted
to increase the Company's Authorized Common Shares from
500,000,000 shares to 1,000,000,000 shares.

On Jan. 9, 2014, the Company filed with the Delaware Secretary of
State an Amended and Restated Certificate of Incorporation
reflecting the name change and increase in Authorized Common
Shares, a copy of which is available for free at:

                        http://is.gd/20U6Py

                     About Comprehensive Care

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

Comprehensive Care disclosed a net loss attributable to common
stockholders of $6.99 million in 2012 as compared with a net loss
attributable to common stockholders of $14.08 million in 2011.
As of June 30, 2013, Comprehensive Care had $3.07 million in total
assets, $28.30 million in total liabilities and a $25.23 million
stockholders' deficiency.

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


COYOTE MOON: Files Schedules of Assets and Liabilities
------------------------------------------------------
Coyote Moon L.P., on Dec. 30 filed with the Bankruptcy Court for
the Central District of California its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $19,510,000
  B. Personal Property               $70,000
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $7,538,408
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                 -----------      -----------
        TOTAL                    $19,580,000       $7,538,408

San Bernardino, California-based Coyote Moon L.P. filed a Chapter
11 bankruptcy petition (Bankr. C.D. Cal. Case No. 13-30080) in
Riverside, California, on Dec. 17, 2013.  The Debtor estimated
assets of at least $10 million and liabilities of between
$1 million and $10 million.  Gil Rodriguez, Jr., signed the
petition as general partner.  Stephen R Wade, Esq., at The Law
Offices of Stephen R Wade, serves as the Debtor's counsel.  Judge
Wayne E. Johnson presides over the case.


CROC LLC: 12-Unit Condo Operator to Liquidate in Chapter 7
----------------------------------------------------------
Bankruptcy Judge Stephani W. Humrickhouse in Greenville, North
Carolina, has agreed to convert the Chapter 11 case of Croc LLC to
Chapter 7 liquidation, at the behest of the Bankruptcy
Administrator.

The Bankruptcy Administrator moved to dismiss or convert to
Chapter 7 liquidation the debtor's case on four separate grounds;
the likelihood of substantial and continuing loss to or diminution
of the estate and the absence of a reasonable likelihood of
rehabilitation; gross mismanagement of the estate; the debtor's
failure to maintain appropriate insurance; and the debtor's post-
petition payments for debts or services rendered pre-petition.

Creditors SRS, North Carolina Property, LLC; and Stephen R. Smith;
Donald Wray; and EOS Properties, LLC, supported the BA's request.
The BA and the creditors also assert their collective belief that
the debtor's plan is not feasible.

The debtor filed a plan on Nov. 13, 2013, which attempted to
address its creditors' efforts to preclude cramdown, but
developments since that filing indicate that the debtor is
unlikely to succeed with its effort to include an impaired
accepting class.

In light of the court's determination that cause exists to convert
the case, the court did not address the feasibility of the
debtor's plan.

A copy of the Court's Dec. 11, 2013 Order is available at
http://is.gd/be06rvfrom Leagle.com.

Croc LLC owns 12 condominium units within the Bodie Island Resort,
located in Nags Head, North Carolina.  Though the usage
allocations change from time-to-time, at present, eight of the
condos are designated as long-term rentals and four are used for
short-term vacation rental.  Croc LLC has two employees -- the
debtor's owner-operator, Glenn Magill, and his son, who lived in
one of the condo units (through October 2013) as the on-site
manager.

Croc LLC filed a petition for relief under chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.C. Case No. 13-05146) on Aug. 15,
2013.  Judge Stephani W. Humrickhouse oversees the case.  Trawick
H. Stubbs, Jr., Esq., at Stubbs & Perdue, P.A., serves as Croc
LLC's bankruptcy counsel.  Croc LLC scheduled $2,253,011 in assets
and $2,226,930 in liabilities.  A list of the Company's largest
unsecured creditors, filed together with the petition, is
available for free at http://bankrupt.com/misc/nceb13-5146.pdf
The petition was signed by Glenn E. Magill, Jr., member-manager.


COLOR STAR: Sells Asset for $6.6 Million
----------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Color Star Growers of Colorado Inc., a wholesale
grower of annual and perennial plants, held an auction this month
and was authorized by the bankruptcy court on Jan 14 to sell
assets for $6.6 million to Thirdsies LLC.

As previously by The Troubled Company Reporter, the Debtors are
hoping to close on any sale of their assets on or before Jan. 7,
2014.  According to court documents, the Debtors have been unable
to negotiate an acceptable out-of-court transaction under their
current capital and operating structure.

Color Star Growers of Colorado, Inc., and two affiliates sought
Chapter 11 protection (Bankr. E.D. Tex. Case Nos. 13-42959 to
13-42961) on Dec. 15, 2013, in Sherman, Texas.  The petitions were
signed by Brad Walker, chief restructuring officer.  The Debtors
estimated assets of at least $10 million and liabilities of at
least $50 million.  Evan R. Baker, Esq., at Gardere Wynne Sewell
LLP, serves as the Debtors' counsel.


CUE & LOPEZ: Can Employ Auri Coira as Realtor
---------------------------------------------
Cue & Lopez Construction, Inc. sought and obtained permission from
the U.S. Bankruptcy Court for the District of Puerto Rico to
employ Auristela Coira Cintron of Auri Coira Realty as realtor.

The Debtor seeks to employ Auri Coira to procure the sale of the
Debtor's realty at Ms. Coira's suggested sales price of:

   Hillsview Plaza Apt. 516, Guaynabo, P.R.        - $350,000
   Las Vistas de Gurabo, Apt. PH-633, Gurabo, P.R. - $180,000
   Grand Palm II A-5, Vega Alta, P.R.              - $255,000

The term of Ms. Coira's engagement will be for 180 days with a 3%
commission for the sale of the properties.  If within the six
months following the expiration of the Contract, the Debtor does
business with any client that Ms. Coira's may have contacted in
reference to the properties, the Debtor will have to pay Ms. Coira
the 3% commission.

Auristela Coira Cintron 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.

San Juan, Puerto Rico-based Cue & Lopez Construction, Inc., sought
protection under Chapter 11 of the Bankruptcy Code on Oct. 4, 2013
(Case No. 13-08297, Bankr. D.P.R.).  The case is assigned to Judge
Brian K. Tester.

The Debtor is represented by Charles Alfred Cuprill, Esq., at
Charles A Curpill, PSC Law Office, in San Juan, Puerto Rico.  CPA
Luis R. Carrasquillo & Co., P.S.C., serves as its accountant.

The Debtor disclosed assets of $12.65 million and liabilities of
$16.66 million.  The Chapter 11 petition was signed by Frank F.
Cue Garcia, president.


CUE & LOPEZ: Can Hire Torres CPA as Auditor
-------------------------------------------
Cue & Lopez Construction, Inc. sought and obtained permission from
the U.S. Bankruptcy Court for the District of Puerto Rico to
employ Torres CPA Group and Torres, Hernandez & Punter, CPA, PSC
-- collectively "TCG-THP" -- as auditor.

The duties of TCG-THP will consist of the preparation of the
Debtor's annual tax returns in order to meet governmental
deadlines and avoid interest and penalties, and auditing services
for the year ended on Sept. 30, 2013, including planning and
preliminary evaluation, field work procedures, preparation of
reports and performance of tests and revisions of the Debtor's
accounting procedures to assure the Debtor is functioning in an
efficient manner.

As the Debtor's external auditor, TCG-THP will perform the audit
for the year ended on Sept. 30, 2013, monitor, and prepare and
file of its tax returns, subject to the approval of this Court in
accordance to Rule 2014 of the Federal Rules of Bankruptcy
Procedure.

The Debtor will compensate TCG-THP on the basis of an estimated
flat fee of $2,150 for tax return services and an estimated fee
(170 hours) of $17,000 for auditing and monitoring services.
TCG-THP will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Luis Hernandez Santana, managing partner of TCG-THP, 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.

San Juan, Puerto Rico-based Cue & Lopez Construction, Inc., sought
protection under Chapter 11 of the Bankruptcy Code on Oct. 4, 2013
(Case No. 13-08297, Bankr. D.P.R.).  The case is assigned to Judge
Brian K. Tester.

The Debtor is represented by Charles Alfred Cuprill, Esq., at
Charles A Curpill, PSC Law Office, in San Juan, Puerto Rico.  CPA
Luis R. Carrasquillo & Co., P.S.C., serves as its accountant.

The Debtor disclosed assets of $12.65 million and liabilities of
$16.66 million.  The Chapter 11 petition was signed by Frank F.
Cue Garcia, president.


DAVID E. MCCARTER: Audio Visual Communications Shares Foreclosed
----------------------------------------------------------------
About 4,143,337 shares of Class B Common stock of Audio Visual
Communications, Inc., have been repossessed by secured party James
R. Greenlee due to default by David E. McCarter in certain
obligations owed to Secured Party.

Mr. Greenlee was slated to sell the Class B Common Stock in a
foreclosure auction set for Jan. 7, 2014, at the office of
Kennerly, Montgomery & Finley, P.C., Mr. Greenlee's counsel.

The firm may be reached at:

         E. Richards Brabham, III, Esq.
         KENNERLY, MONTGOMERY & FINLEY, P.C.
         Bank of America Building
         550 Main Street, Fourth Floor
         Knoxville, Tennessee 37902
         Tel: (865) 546-7311
         E-mail: rbrabham@kmfpc.com


DETROIT, MI: Civil Rights Plaintiffs Seek Official Committee
------------------------------------------------------------
Certain prepetition claimants with lawsuits alleging claims
against the City of Detroit, its employees, or both, that are
pending in the federal court, ask the U.S. Bankruptcy Court for
the Eastern District of Michigan, Southern Division, to direct the
appointment of a claimant committee to represent them in
connection with the Chapter 9 case.

The Claimants, represented by Treyvor J. Zamborsky, Esq. --
tzamborsky@romanolawpllc.com -- at Romano Law, P.L.L.C., in
Pleasant Ridge, Michigan, assert that the appointment of a
Claimant Committee is necessary to assure the adequate
representation of the prepetition claimants.  The prepetition
claimants, according to Mr. Zamborsky, constitute a massive
unsecured obligation to be addressed in the City's restructuring.

                 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.


DIGITAL DOMAIN: Forbearance Period Under DIP Loan Expires Feb. 28
-----------------------------------------------------------------
U.S. Bankruptcy Judge Brendan Shannon approved a tenth amendment
to the final order dated Nov. 7, 2012, authorizing DDMG Estate,
formerly known as Digital Domain Media Group Inc., to obtain
postpetition financing and use cash collateral.

Pursuant to the amendment, the DIP agent and the DIP lenders will
forbear from exercising their remedies under the final DIP order,
and DIP term sheet documentation until Feb. 28, 2014, or the
occurrence of a termination event.

A copy of the approved revised budget is available for free at
http://is.gd/06hAYf

As reported in the Troubled Company Reporter on Nov. 26, 2013,
during the forbearance period, DDMG and its affiliated debtors may
incur debt and use cash collateral in accordance with the terms
and conditions of the final DIP order and amendments thereto.

                      About Digital Domain

Port St. Lucie, Florida-based Digital Domain Media Group, Inc. --
http://www.digitaldomain.com/-- engaged in the creation of
original content animation feature films, and development of
computer-generated imagery for feature films and trans-media
advertising primarily in the United States.

Digital Domain Media Group, Inc. and 13 affiliates sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-12568) on
Sept. 11, 2012, to sell its business for $15 million to
Searchlight Capital Partners LP, subject to higher and better
offers.  The Company disclosed assets of $205 million and
liabilities totaling $214 million.

The Debtors also have sought ancillary relief in Canada, pursuant
to the Companies' Creditors Arrangement Act in the Supreme Court
of British Columbia, Vancouver Registry.

Attorneys at Pachulski Stang Ziehl & Jones serve as counsel to the
Debtors.  FTI Consulting, Inc.'s Michael Katzenstein is the chief
restructuring officer.  Kurtzman Carson Consultants LLC is the
claims and notice agent.  An official committee of unsecured
creditors appointed in the case is represented by lawyers at
Sullivan Hazeltine Allinson LLC and Brown Rudnick LLP.

At a bankruptcy auction, the principal part of the business was
purchased by a joint venture between Galloping Horse America LLC,
an affiliate of Beijing Galloping Horse Co., and an affiliate of
Reliance Capital Ltd., based in Mumbai.  The $36.7 million total
value of the contact includes $3.6 million to cure defaults on
contracts and $2.9 million in reimbursement of payroll costs. As
the result of a settlement negotiated by the unsecured creditors'
committee with secured lenders, there will be some recovery for
the committee's constituency.


DOTS LLC: Case Summary & 30 Largest Unsecured Creditors
-------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy cases:

     Debtor                              Case No.
     ------                              --------
     Dots Gift LLC                       14-11018
     30300 Emerald Valley Parkway
     Glenwillow, OH 44139

     Dots, LLC                           14-11016
     1 Lackawanna Plaza 16
     Montclair, NJ 07042

     IPC/Dots LLC                        14-11017
     1400 Broadway
     10th Floor
     New York, NY 10018

Type of Business: Discount retailer of women's clothing

Chapter 11 Petition Date: January 20, 2014

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

Debtor's Counsel: Kenneth A. Rosen, Esq.
                  LOWENSTEIN SANDER LLP
                  65 Livingston Avenue
                  Roseland, NJ 07068
                  Tel: 973-597-2500
                  Fax: 973-597-2400
                  Email: krosen@lowenstein.com

                       - and -

                  Wojciech F. Jung, Esq.
                  LOWENSTEIN SANDLER LLP
                  65 Livingston Avenue
                  Roseland, NJ 07068
                  Tel: 973-597-2464
                  Fax: 973-597-2465
                  Email: wjung@lowenstein.com

                       - and -

                  Bruce Buechler, Esq.
                  LOWENSTEIN SANDLER LLP
                  65 Livingston Avenue
                  Roseland, NJ 07068
                  Tel: 973-597-2500
                  Fax: 973-597-2400
                  Email: bbuechler@lowenstein.com

                       - and -

                  Gerald C. Bender, Esq.
                  LOWENSTEIN SANDLER LLP
                  65 Livingston Avenue
                  Roseland, NJ 07068
                  Tel: 973-597-2500
                  Fax: 973-597-2400
                  Email: gbender@lowenstein.com

                       - and -

                  Shirley Dai, Esq.
                  LOWENSTEIN SANDLER LLP
                  65 Livingston Avenue
                  Roseland, NJ 07068
                  Tel: 973-597-2500
                  Fax: 973-597-2400
                  Email: sdai@lowenstein.com

Debtors'          PRICEWATERHOUSECOOPERS LLP
Investment        300 Madison Avenue, 24th Floor
Banker and        New York, NY 10017
Financial
Advisor:

Debtors' Claims   DONLIN, RECANO & COMPANY, INC.
and Noticing      419 Park Avenue South
Agent:            New York, NY 10016

Estimated Assets: $50 million to $100 million

Estimated Debts: $100 million to $500 million

The petition was signed by Lisa Rhodes, chief executive officer.

Consolidated List of Debtor's 30 Largest Unsecured Creditors:

   Entity                         Nature of Claim   Claim Amount
   ------                         ---------------   ------------
Glick, Robert A.                  Noteholder        $14,075,348
38383 Fairmount Blvd.
Chagrin Falls, OH 44022-6690

CIT Group                         Factor             $1,668,216
Attn: Kevin Ritter
11 W. 42nd Street
New York, NY 10036

Wells Fargo                       Factor             $1,123,102
20 Commerce Way
Suite 800
Woburn, MA 01801

Hana Financial Inc.               Factor               $929,901
Attn: George Talavera
1000 Wilshire Blvd.
20th Floor
Los Angeles, CA 90017

Heart & Hips                      Trade Debt           $831,131
Attn: Jennie Kim
2424 E. 26th Street
Vernon, CA 90058

Rosenthal & Rosenthal             Factor               $698,790
Attn: Alan Speilman
1370 Broadway
New York, NY 10018

Merchant Business Credit          Factor               $544,810
Attn: Joe Sforza
1441 Broadway
22nd Floor
New York, NY 10018

Finance One Inc.                  Factor               $533,227
Attn: Virginia Zakaryan
801 S. Grand Avenue
Suite 1000
Los Angeles, CA 90017

Jacmel Jewelry, Inc.              Trade Debt           $495,278
Attn: Nathan Dwek
3000 47th Avenue
Long Island City, NY 11101

Land N Sea                        Trade Debt           $426,634
Attn: Edward Vanduzer
1375 Broadway
2nd Floor
New York, NY 10018

Joe Benbasset, Inc.               Trade Debt           $415,014
213 West 35th Street
11th Floor
New York, NY 10001

Valia                             Trade Debt           $388,973
Attn: Susan Stroll
9500 Meilleur, Suite 400
Montreal, QC H2N 2B7

Innotrac Corporation              E-commerce           $350,442
Attn: George Hare
6465 East Johns Crossing
Duluth, GA 30097

Wells Fargo Trade Capital1        Factor               $337,406
Attn: Kenneth Newberger
20 Commerce Way
Suite 800
Woburn, MA 01801

C.P. International Corp.          Trade Debt           $316,771
165 North Dean Street
Englewood, NJ 07631

Interstate Capital Corp.          Factor               $299,893
Attn: Cliff Eisenberg
1255 Country Club Blvd.
Santa Teresa, NM 88008

DQT Apparel, Inc.                 Trade Debt           $272,537
Attn: Jason Jeong
2670 Leonis Blvd.
Vernon, CA 90058

Prime Business Credit, Inc.       Factor               $269,714
Attn: Gary Stein
1055 W. 7th Street
#2200
Los Angeles, CA 90017

Skyler Group                      Trade Debt           $251,265
10 West 33rd Street
Suite 1208
New York, NY 10001

Ascential Service                 Capital Expense      $205,606
Corporation
2200 South Street
Racine, WI 53404

True Love Accessories             Trade Debt           $186,128
d/b/a Statement Accessories
33rd Street, #715
New York, NY 10001

Milberg Factors Inc.              Factor               $182,156
Attn: Frank DeRita
99 Park Avenue
New York, NY 10016

Capital Business Credit           Factor               $170,750
Attn: David Conley
1700 Broadway
19th floor
New York, NY 10019

Brixor SPE 3, LLC                 Rent            Undeteremined
c/o Brixmor of General
Counsel Property
Attn: Michael Moss
420 Lexington Avenue
7th Floor
New York, NY 10170

Inland Diversified Real           Rent            Undetermined
Estate
Attn: Stephanie Karpinski
2901 Butterfield Road
Oak Brook, IL 60523

Weingarten Realty Investors        Rent           Undetermined
Attn: Jan Odom
2600 Citadel Plaza Drive
Suite 300
Houston, TX 77008

Kimco Realty Corp.                 Rent           Undetermined
3333 New Hyde Park Road
Suite 100
New Hyde Park, NY 11042

DDR                                Rent           Undetermined
Attn: Jerry Cyncynatus
3300 Enterprise Parkway
Beachwood, OH 44122

RAMCO-Gershenson                   Rent           Undetermined
Properties
Attn: Bill Gershenson
31500 Northwestern
Highway
Suite 300
Farmington Hills, MI 48334

Simon Malls                        Rent           Undetermined
Attn: Paul Ajdaharian
225 W. Washington Street
Indianapolis, IN 46204


ECOTALITY INC: Wants Plan Filing Exclusivity Extended Thru March
----------------------------------------------------------------
Ecotality, Inc. et al., ask the Bankruptcy Court to extend by 60
days the exclusive periods during which only the Debtors may file
a chapter 11 plan and solicit acceptances thereof, through and
including March 15, 2014 and May 14, 2014, respectively, subject
to the Debtors' right to seek further extensions.

                     About Ecotality Inc.

Headquartered in San Francisco, California, Ecotality, Inc.
(Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of
electric transportation and storage technologies.

Ecotality Inc. along with affiliates including lead debtor
Electric Transportation Engineering Corp. sought Chapter 11
protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16,
2013, with plans to sell the business at an auction.

The cases are assigned to Chief Judge Randolph J. Haines.  The
Debtors' lead counsel are Charles R. Gibbs, Esq., at Akin Gump
Strauss Hauer & Feld LLP, in Dallas, Texas; and David P. Simonds,
Esq., and Arun Kurichety, Esq., at Akin Gump Strauss Hauer & Feld
LLP, in Los Angeles, California.  The Debtors' local counsel is
Jared G. Parker, Esq., at Parker Schwartz, PLLC, in Phoenix,
Arizona.  FTI Consulting, Inc. serves as the Debtors' crisis
manager and financial advisor.  The Debtors' claims and noticing
agent is Kurtzman Carson Consultants LLC.

Electric Transportation estimated assets of $10 million to $50
million and debt of $100 million to $500 million.  Unlike most
companies in bankruptcy, Ecotality has no secured debt.  It simply
ran out of money.  There's $5 million owing on convertible notes,
plus liability on leases.  Part of pre-bankruptcy financing took
the form of a $100 million cost-sharing grant from the U.S. Energy
Department.  In view of the San Francisco-based company's
financial problems, the government cut off the grant when $84.8
million had been drawn.

On Sept. 24, 2013, the Office of the United States Trustee for
Region 14 appointed a committee of unsecured creditors.

In October 2013, the bankruptcy judge cleared Ecotality to sell
most of the business to Car Charging Group Inc. for $3.3 million.
Two other buyers purchased other assets for $1 million in total.


EDGENET INC: Files List of Eight Unsecured Creditors
----------------------------------------------------
Edgenet, Inc., et al., filed with the Bankruptcy Court a list of
creditors holding eight largest unsecured claims:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Mediative                          Goods/services       $7,333

Andrew Tuerk                       Paid time off        $5,451

Jonathan Ware                      Payroll and paid     $2,270
                                   time off

Park Place Technologies            Goods/services       $1,759

State of Washington Dept. of       Taxes                $1,310
Revenue

Connectivist Media, LLC            Goods/services       $1,073

Webb's Refreshments                Goods/services         $193

UPS Ground                         Goods/services         $104

                         About Egenet Inc.

Edgenet, Inc., and Edgenet Holding Corp. are providers of cloud
based content and applications that enable companies to sell more
products and services with greater ease across multiple channels
and devices.  It has three business locations, Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.  They have 80
employees.

Edgenet Inc. and Edgenet Holding filed for Chapter 11 bankruptcy
protection in Delaware (Lead Case No. 14-10066) on Jan. 14, 2014.

Edgenet Inc. estimated assets of at least $10 million and
liabilities of $100 million to $500 million.

Raymond Howard Lemisch, Esq., at Klehr Harrison Harvey Branzburg
LLP, in Wilmington, Delaware, serves as counsel to the Debtors;
Glass Ratner Advisory & Capital Group LLC is the financial
advisor; JMP Securities, LLC, is the investment banker, and Phase
Eleven Consultants, LLC, is the claims and noticing agent.


EWGS INTERMEDIARY: Klehr Harrison Approved as Counsel
-----------------------------------------------------
EWGS Intermediary LLC and Edwin Watts Golf Shops LLC sought and
obtained permission from the U.S. Bankruptcy Court for the
District of Delaware to employ Klehr Harrison Harvey Branzburg LLP
as counsel, nunc pro tunc to Nov. 4, 2013.

The Debtors require Klehr Harrison to, among other things:

   (a) advise the Debtors of their rights, powers and duties as
       debtors and debtors in possession;

   (b) take all necessary action to protect and preserve the
       Debtors' estates, including the prosecution of actions on
       the Debtors' behalf, the defense of any actions commenced
       against the Debtors, the negotiation of disputes in which
       the Debtors are involved and the preparation of objections
       to claims filed against the Debtors' estates;

   (c) prepare all necessary motions, applications, answers,
       orders, reports and papers in connection with the
       administration of the Debtors' estates; and

   (d) perform all other necessary legal services in connection
       with these Chapter 11 cases.

Klehr Harrison will be paid at these hourly rates:

       Partners                   $400-$660
       Of Counsel                 $325-$400
       Associates                 $250-$385
       Paraprofessionals          $165-$195

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

The Debtors advanced classic retainers to Klehr Harrison as
follows: $50,000 on Oct. 10, 2013 and $195,000 on Nov. 1, 2013, in
connection with the planning and preparation of the Debtors'
Chapter 11 filings and its proposed representation of the Debtors.
The remainder of the retainer paid to Klehr Harrison and not
expended for prepetition services and disbursements, if any, will
be treated as a classic retainer and will be applied against final
invoices.

Domenic E. Pacitti, partner of Klehr Harrison, 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 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 on Nov. 4, 2013 (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.

As reported in the Troubled Company Reporter on Nov. 26, 2013,
Edwin Watts Golf Shops LLC, which sells golf equipment and
clothing online and through 90 U.S. retail stores, won court
approval of procedures for a bankruptcy sale process without
having a lead bidder under contract.

PNC Bank, National Association, the DIP Agent, is represented by
Regina Stango Kelbon, Esq., at Blank Rome LLP, in Wilmington,
Delaware.


FAIRMONT GENERAL: Ombudsman Can Hire Greenberg Traurig as Counsel
-----------------------------------------------------------------
Suzanne Koenig, the Chapter 11 patient care ombudsman of Fairmont
General Hospital, Inc. and Fairmont Physicians, Inc., sought and
obtained authorization from the U.S. Bankruptcy Court for the
Northern District of West Virginia to employ Greenberg Traurig,
LLP, as her counsel, nunc pro tunc to Nov. 14, 2013.

The Ombudsman requires Greenberg Traurig to:

   (a) represent the Ombudsman in any proceeding or hearing in the
       Bankruptcy Court, and in any action in other courts where
       the rights of the patients may be litigated or affected as
       a result of these cases;

   (b) advise the Ombudsman concerning the requirements of the
       Bankruptcy Code and Bankruptcy Rules and the requirements
       of the Office of the U.S. Trustee relating to the discharge
       of her duties under section 333 of the Bankruptcy Code;

   (c) advise and represent the Ombudsman concerning any potential
       health law related issues; and

   (d) perform other legal services as may be required under the
       circumstances of these cases in accordance with the
       Ombudsman's powers and duties as set forth in the
       Bankruptcy Code, including assisting the Ombudsman with
       reports to the Court, fee applications or other matters.

Greenberg Traurig will be paid at these hourly rates:

       Shareholders                      $350-$900
       Of Counsel                        $250-$900
       Associates                        $270-$720
       Legal Assistants/Paralegals       $115-$320

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

Nancy A. Peterman, Esq., shareholder of Greenberg Traurig, 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.

Fairmont General Hospital and the official committee of unsecured
creditors submitted a joint limited objection to the Patient Care
Ombudsman's retention of Greenberg Traurig.  The Debtors and the
Committee said they are compelled to object to the Application
because the Bankruptcy Code does not provide for the retention of
counsel by an ombudsman and, to the extent that there is any such
authority, the proposed terms of compensation of the Ombudsman's
proposed counsel appears to be unreasonable under the
circumstances of these cases.  Finally, although the Ombudsman
proposes to pass its local counsel's fees and expenses through
GT's fee applications, there should be a demonstrated need for
local counsel and if necessary, such local counsel should file an
affidavit attesting that it is a disinterested person under 11
U.S.C. 101(14) and disclosing its compensation terms.

                    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.  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.  Hammond Hanlon Camp, LLC, has been engaged
as investment banker and financial advisor.

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.
Janet Smith Holbrook, Esq., at Huddleston Bolen LLP, represents
the Committee as local counsel.

The Bankruptcy Court has named Suzanne Koenig at SAK Management
Services, LLC, as patient care ombudsman.

The Debtors are engaged in the process of locating a buyer or
strategic partner for the hospital, through the Debtors'
investment bankers.  The Debtors believe that by the end of
March 2014 that process will be complete and a plan can be filed.

The Debtors have scheduled $48,568,863 in total assets and
$54,774,365 in total liabilities.


FAIRMONT GENERAL: Ombudsman Can Hire SAK Management as Advisor
--------------------------------------------------------------
Suzanne Koenig, the Chapter 11 patient care ombudsman of Fairmont
General Hospital, Inc. and Fairmont Physicians, Inc., sought and
obtained permission from the U.S. Bankruptcy Court for the
Northern District of West Virginia to employ her firm, SAK
Management Services, LLC, as her medical operations advisor, nunc
pro tunc to Nov. 14, 2013.

The Ombudsman requires SAK Management to:

   (a) conduct interviews of patients and facility staff as
       required;

   (b) review license and governmental permits; and

   (c) review adequacy of staffing, supplies and equipment.

SAK Management will be paid at these hourly rates:

       Suzanne Koenig                 $450
       Joyce Ciyou                    $400
       Bruce Harris                   $400
       Elizabeht Ciyou-Allee          $375
       Shannon Hauser                 $375
       Helen Colon                    $250

Other professionals will render services to the Ombudsman as
needed.  Generally SAK Management's hourly rates range between
$175 and $450.

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

Suzanne Koenig, president of SAK Management, 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 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.  he 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.  Hammond Hanlon Camp, LLC, has been engaged
as investment banker and financial advisor.

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.
Janet Smith Holbrook, Esq., at Huddleston Bolen LLP, represents
the Committee as local counsel.

The Bankruptcy Court has named Suzanne Koenig at SAK Management
Services, LLC, as patient care ombudsman.

The Debtors are engaged in the process of locating a buyer or
strategic partner for the hospital, through the Debtors'
investment bankers.  The Debtors believe that by the end of
March 2014 that process will be complete and a plan can be filed.

The Debtors have scheduled $48,568,863 in total assets and
$54,774,365 in total liabilities.


FISKER AUTOMOTIVE: To Auction Assets with Two Competing Bids
------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware issued an order directing Fisker Automotive Holdings,
Inc., and Fisker Automotive, Inc., to proceed with an auction of
their assets.

Hybrid Tech Holdings LLC, which bought Fisker's $168.5 million
debt to the U.S. Department of Energy, will compete with Wanxiang
America Corporation, which recently purchased certain assets of
A123 Systems, Inc., primarily the lithium ion battery, a primary
component of the Fisker electric cars.  Peg Brickley, writing for
Daily Bankruptcy Review, reported that Fisker is going up for
auction Feb. 12.

Judge Gross limited Hybrid's credit bid, after determining that
"Hybrid if unchecked of its purchase, might well have frozen out
other suitors for Fisker's assets."  Judge Gross added, "Neither
Debtors nor Hybrid, when the Court asked, ever provided the Court
with a satisfactory reason why the sale of the non-operating
Debtors required such speed. Nor did Debtors or Hybrid respond to
the Court's repeated admonition that the timing of the Sale Motion
was troublesome. It is the Court's view that Hybrid's rush to
purchase and to persist in such effort is inconsistent with the
notions of fairness in the bankruptcy process. The Fisker failure
has damaged too many people, companies and taxpayers to permit
Hybrid to short-circuit the bankruptcy process."

Judge Gross limited, for cause, Hybrid's credit bid to $25
million.  Judge Gross added that to do otherwise would freeze
bidding.  Hybrid as the proposed sale purchaser insisted on an
unfair process, i.e., a hurried process, and the validity of its
secured status has not been determined, he said.

                     About Fisker Automotive

Fisker Automotive Holdings, Inc., developer of the Karma plug-in
hybrid electric sedan, filed a petition for Chapter 11 protection
(Bankr. D. Del. Case No. 13-13087) on Nov. 22, 2013.

Fisker estimated assets of more than $100 million and listed debt
of $500 million in its bankruptcy petition.  The assets include an
assembly plant purchased for $21 million from General Motors Corp.
The plant never operated.  The cars were assembled in Finland.
Fisker now has 21 employees.

Fisker received a $529 million loan from the Department of
Energy's Advanced Technology Vehicles Manufacturing Loan Program
and drew down about $192 million before the department froze the
loan after Fisker failed to hit several development targets.  The
company defaulted on its loan in April 2013.

Bankruptcy Judge Kevin Gross presides over the case.  The Debtors
have tapped James H.M. Sprayregen, P.C., Esq., Anup Sathy, P.C.,
Esq., and Ryan Preston Dahl, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, as co-counsel; Laura Davis Jones, Esq., James
E. O'Neill, Esq., and Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, as co-counsel;
Beilinson Advisory Group as restructuring advisors; and Rust
Consulting/Omni Bankruptcy, as notice and claims agent and
administrative advisor.

On November 5, 2013, the Official Committee of Unsecured Creditors
was appointed. The members are: (a) David M. Cohen; (b) Sven
Etzelsberger; (c) Kuster Automotive Door Systems GmbH; (d) Magna
E-Car USA, LLC; (e) Supercars & More SRL; and (f) TK Holdings Inc.
The Committee is represented by William R. Baldiga, Esq., and
Sunni P. Beville, Esq., at Brown Rudnick LLP; and Mark Minuti,
Esq., at Saul Ewing LLP.

Fisker sought bankruptcy protection to pursue a private sale of
its business to Hybrid Tech Holdings, LLC.  The Committee,
however, wants a sale public sale, and has identified Wanxiang
America Corporation as stalking horse bidder.

Hybrid was initially under contract to buy Fisker in exchange for
$75 million of the $168.5 million government loan it acquired
immediately before the Debtor's Chapter 11 filing.  Hybrid later
raised its offer by adding an additional $1 million cash and
agreeing to share proceeds from the sale of a facility in Delaware
it doesn't intend to operate.  Hybrid also offered to pay real
estate taxes on the Delaware plant.  Hybrid also will waive $90
million in deficiency claims that otherwise would dilute unsecured
creditors' recovery.

Wanxiang, as stalking horse bidder, initially offered $25.8
million in cash.  However, Wanxiang has said it has raised its
offer by $10 million and is willing to go higher.

After the hearings on Jan. 10 and 13, the Court directed a public
auction, and capped Hybrid's credit bid to $25 million.

In response, Hybrid raised its offer to $55 million.

Hybrid is represented by Tobias Keller, Esq., and Peter
Benvenutti, Esq., at Keller & Benvenutti LLP, in San Francisco,
California.

Wanxiang, which bought A123 Systems, Inc., a manufacturer of
lithium-ion batteries used in electric vehicles such as the Fisker
Karma, in a bankruptcy auction early in 2013 for $256.6 million,
is represented in Fisker's case by Sidley Austin LLP's Bojan
Guzina, Esq., and Andrew F. O'Neill, Esq.; and Young Conaway
Stargatt & Taylor, LLP's Edmon L. Morton, Esq., Robert S. Brady,
Esq., and Kenneth J. Enos, Esq.


FLUX POWER: Sells $600,000 Units to Esenjay Investments
-------------------------------------------------------
Flux Power Holdings, Inc., on Jan. 13, 2014, accepted a
subscription agreement from Esenjay Investments LLC, the Company's
major stockholder and principal credit line holder pursuant to
which the Company sold Esenjay 10 Units for an aggregate purchase
price of $600,000, or $60,000 per Unit, of which (i) $200,000 was
paid in cash, and (ii) $400,000 was paid in the form of
forgiveness of $400,000 of principal amount outstanding under the
Esenjay Secondary Revolving Promissory Note for Operating Capital
dated Oct. 1, 2011, for $1,000,000, as amended.   Each Unit
consisted of 1,000,000 shares of the Company's common stock and
500,000 warrants.

In connection with Esenjay's purchase of the Units, the Company
issued 10,000,000 shares of its common stock and warrants to
purchase up to 5,000,000 shares of the Company's common stock, at
an exercise price of $0.20 per share until Jan. 13, 2019.

Michael Johnson, the Company's director, is a director and
shareholder of Esenjay.  In addition to the Note, the Company has
a line of credit with Esenjay for $1,500,000 and a bridge loan for
$250,000.

                         About Flux Power

Escondido, California-based Flux Power Holdings, Inc., designs,
develops and sells rechargeable advanced energy storage systems.

Flux Power posted net income of $351,000 on $772,000 of net
revenue for the year ended June 30, 2013, as compared with a net
loss of $2.38 million on $5.93 million of net revenue during the
prior year.

Squar, Milner, Peterson, Miranda & Williamson, LLP, in San Diego,
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
incurred a significant accumulated deficit through June 30, 2013,
and requires immediate additional financing to sustain its
operations.  These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.

The Company's balance sheet at Sept. 30, 2013, showed $1.52
million in total assets, $3.72 million in total liabilities and a
$2.19 million total stockholders' deficit.

                  Going Concern/Bankruptcy Warning

"The Company has incurred an accumulated deficit of $4,724,000
through September 30, 2013 and as of September 30, 2013 had
limited cash or other working capital.  To date, the Company's
revenues and operating cash flows have not been sufficient to
sustain its operations and it has relied on debt and equity
financing to fund its operations.  The audit report dated
October 15, 2013 from the Company's independent registered public
accounting firm indicated that the Company's significant
accumulated deficit and its need to raise immediate additional
financing among other factors, raised substantial doubt about the
Company's ability to continue as a going concern."

"If we are unable to increase sale of our products or obtain
additional funding in the near future, our cash resources will
rapidly be depleted and we may be required to further materially
reduce or suspend operations, which would likely have a material
adverse effect on our business, stock price and our relationships
with third parties with whom we have business relationships, at
least until additional funding is obtained.  If we do not have
sufficient funds to continue operations, we could be required to
liquidate our assets, seek bankruptcy protection or other
alternatives that would likely result in our receiving less than
the value at which those assets are carried on our financial
statements, and it is likely that investors will lose all or some
of their investment in us," the Company said in the Quarterly
Report for the period ended Sept. 30, 2013.

GMAC INC: Court Ruling May Impact Automobile Financing Agreements
-----------------------------------------------------------------
William J. Wheeler & Associates on Jan. 20 disclosed that a ruling
in a Missouri case involving GMAC, Inc. and an automobile dealer
could tremendously increase dealer's legal rights who are
floorplanned by GMAC.  This decision could impact more than 3,000
dealers currently holding GMAC floorplan agreements.

In GMAC, Inc. vs. Lloyd Belt in Miller County, Missouri Circuit
Court, GMAC sought a judgment against Belt, who operated Lloyd
Belt GM Center, Inc. and Lloyd Belt Chrysler, Inc., both of Eldon,
Missouri. In the 2009 action, GMAC argued that Belt was in default
of the GMAC floorplan agreements for each of the Belt dealerships.

Mr. Belt argued that he was not in default and that GMAC
wrongfully accelerated the payment provisions of both GMAC
floorplan agreements.

The case centers on whether GMAC's financing agreements are
"demand" agreements or "default" agreements.  In a demand
agreement, a note holder may demand payment at any time without
cause.  In a default agreement, a borrower must be given an
opportunity to cure a missed payment and the agreement must not
contain any ambiguous language or GMAC can be held liable for
breach of contract and breach of good faith.

GMAC treats its financing agreements as demand agreements.
William J. Wheeler of William J. Wheeler & Associates,
Philadelphia, counsel for Belt, argued that the GMAC agreements
were, in fact, default agreements and that GMAC is liable for
breach of contract and breach of fiduciary duty.

GMAC requested a summary judgment on GMAC's lawsuit and a separate
summary judgment on Belt's counterclaims that are based on breach
of contract.  In a ruling on December 19, 2013, Missouri County
Circuit Court Judge Ralph Jaynes denied both of GMAC's summary
judgment motions. A trial date is pending.

"This case directly impacts any automobile dealer in the country
with similar language in its GMAC financing agreement,"
Mr. Wheeler said.  "There is a significant difference between a
demand agreement and a default agreement.  We look forward to
proving at trial that GMAC had default agreements with Mr. Belt
and therefore wrongfully demanded accelerated payment."

Mr. Belt's dealerships closed in 2009 after GMAC wrongfully
terminated the floorplan agreements for both dealerships and
wrongfully took possession of both dealerships' open account.  He
is seeking more than $4 million in compensatory damages plus
punitive damages.

            About William J. Wheeler & Associates

For more than 30 years, William J. Wheeler & Associates of
Philadelphia have represented new and used automobile dealers.
The firm exclusively represents auto dealers.  Firm principal
William J. Wheeler previously served as legal counsel for the
Pennsylvania State Motor Vehicle Board and his subsequent
experience as a motor vehicle dealer has provided him with
invaluable experience in representing dealers.

                       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.  The Company's balance sheet
at Sept. 30, 2013, showed $150.55 billion in total assets,
$131.49 billion in total liabilities and $19.06 billion in total
equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the Dec. 17, 2013, edition of the TCR, Fitch Ratings upgraded
Ally Financial's long-term Issuer Default Rating (IDR) and senior
unsecured debt rating to 'BB' from 'BB-'.  The upgrade of Ally's
ratings follows the approval of Residential Capital LLC's
(ResCap's) bankruptcy plan by the Bankruptcy Court releasing Ally
from all ResCap related claims, which combined with the recent
mortgage settlements with the FHFA and the FDIC, essentially
removes any mortgage-related contingent liability to Ally.

As reported by the TCR on Dec. 23, 2013, Moody's Investors Service
upgraded the corporate family rating (CFR) of Ally Financial Inc.
to Ba3 from B1.  The upgrade of Ally's corporate family rating
follows the U.S. Bankruptcy Court's approval of ResCap LLC's
(unrated) Chapter 11 plan, which releases Ally from mortgage-
related creditor claims originating from its ownership of ResCap.


GOLDKING HOLDINGS: May Employ Epiq as Administrative Advisor
------------------------------------------------------------
Goldking Holdings, LLC and its debtor-affiliates sought and
obtained permission from the Hon. David R. Jones of the U.S.
Bankruptcy Court for the District of Delaware to employ Epiq
Bankruptcy Solutions, LLC as administrative advisor, nunc pro tunc
to the Oct. 30, 2013 petition date.

The Debtors require Epiq Bankruptcy to:

   (a) assist with, among other things, solicitation, balloting
       and tabulation and calculation of votes, as well as
       preparing any appropriate reports, as required in
       furtherance of confirmation of any Chapter 11 plans in
       these cases;

   (b) generate an official ballot certification and testifying,
       if necessary in support of the ballot tabulation results
       for any Chapter 11 plans in these cases;

   (c) gather data in conjunction with the preparation, and assist
       with the preparation, of the Debtors' schedules of assets
       and liabilities and statements of financial affairs;

   (d) generate, provide, and assist with claims objections,
       exhibits, claims reconciliation, and related matters;

   (e) provide a confidential data room;

   (f) manage any distributions pursuant to any confirmed Chapter
       11 plans in these cases; and

   (g) provide such other claims processing, noticing,
       solicitation, balloting, and administrative services
       described in the Agreement, but not included in the Section
       156(c) Application, as may be requested from time to time
       by the Debtors and their estates.

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

Prior to the petition date, the Debtors provided Epiq Bankruptcy a
retainer in the amount of $10,000.

Todd W. Wuertz, director of Consulting Services with Epiq
Bankruptcy, 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.

Epiq Bankruptcy can be reached at:

       Todd W. Wuertz
       EPIQ BANKRUPTCY SOLUTIONS, LLC
       824 N. Market Street, Suite 412
       Wilmington, DE 19801

                      About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes And Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Judy A. Robbins, the U.S. Trustee was unable to appoint a
committee of unsecured creditors.


GOLDKING HOLDINGS: Court Okays Hiring of Epiq as Claims Agent
-------------------------------------------------------------
Goldking Holdings, LLC and its debtor-affiliates sought and
obtained permission from the Hon. Brendan L. Shannon of the U.S.
Bankruptcy Court for the District of Delaware to employ Epiq
Bankruptcy Solutions, LLC as claims and noticing agent, nunc pro
tunc to the Oct. 30, 2013 petition date.

Epiq Bankruptcy will perform the following tasks in its role as
the Claims Agent (collectively, the "Claims and Noticing
Services"), as well as all quality control relating thereto:

   (a) prepare and serve required notices and documents in the
       cases in accordance with the Bankruptcy Code and the
       Bankruptcy Rules in the form and manner directed by the
       Debtors and the Court, including: (i) notice of the
       commencement of the cases and the initial meeting of
       creditors under section 341(a) of the Bankruptcy Code; (ii)
       notice of any claims bar date; (iii) notices of transfers
       of claims; (iv) notices of objections to claims and
       objections to transfers of claims; (v) notices of any
       hearings on a disclosure statement and confirmation of the
       Debtors' plan or plans of reorganization, including under
       Bankruptcy Rule 3017(d); (vi) notice of the effective date
       of any such plan or plans; and (vii) all other notices,
       orders, pleadings, publications and other documents as the
       Debtors or the Court may deem necessary or appropriate for
       an orderly administration of the cases;

   (b) maintain an official copy of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       (collectively, the "Schedules");

   (c) maintain (i) a list of all potential creditors, equity
       holders and other parties-in-interest, and (ii) a "core"
       mailing list consisting of all parties described in
       Bankruptcy Rules 2002(i), (j) and (k) and those parties
       that have filed a notice of appearance pursuant to
       Bankruptcy Rule 9010, update said lists and make said lists
       available upon request by a party-in-interest or the
       Clerk's Office;

   (d) furnish a notice to all potential creditors of the last
       date for the filing of proofs of claim and a form for the
       filing of a proof of claim, after such notice and form are
       approved by the Court, and notify said potential creditors
       of the existence, amount and classification of their
       respective claims as set forth in the Schedules, which may
       be effected by inclusion of such information on a
       customized proof of claim form provided to potential
       creditors;

   (e) maintain a post office box or address for the purpose of
       receiving claims and returned mail, and process all mail
       received;

   (f) for all notices, motions, orders or other pleadings or
       documents served, prepare and file, or caused to be filed,
       with the Clerk's Office an affidavit or certificate of
       service within 7 business days of service, which affidavit
       or certificate includes (i) either a copy of the notice
       served or the docket numbers and titles of the pleadings
       served, (ii) a list of persons to whom it was mailed with
       their addresses, (iii) the manner of service, and (iv) the
       date served;

   (g) process all proofs of claim received, including those
       received by the Clerk's Office, and check said processing
       for accuracy, and maintain the original proofs of claim in
       a secure area;

   (h) maintain the official claims register for each Debtor
       (collectively, the "Claims Registers") on behalf of the
       Clerk's Office, and upon the Clerk's Office's request,
       provide the Clerk's Office with certified, duplicate
       unofficial Claims Registers, and specify in the Claims
       Registers the following information for each claim
       docketed: (i) the claim number assigned; (ii) the date
       received; (iii) the name and address of the claimant
       and agent, if applicable, who filed the claim; (iv) the
       amount asserted; (v) the asserted classifications of the
       claim; (vi) the applicable Debtor; and (vii) any
       disposition of the claim;

   (i) implement necessary security measures to ensure the
       completeness and integrity of the Claims Registers and the
       safekeeping of the original claims;

   (j) record all transfers of claims and provide any notices of
       such transfers as required by Bankruptcy Rule 3001(e);

   (k) relocate, by messenger or overnight delivery, all of the
       proofs of claim filed with the Clerk's Office to the
       offices of Epiq Bankruptcy, not less than weekly;

   (l) upon completion of the docketing process for all claims
       received to date for each case, turn over to the Clerk's
       Office copies of the claims register for the Clerk's
       Office's review;

   (m) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and make necessary notations on and changes to the
       claims register;

   (n) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the cases as directed by the Debtors or the
       Court, including through the use of a case website and call
       center;

   (o) if any or all of the cases are converted to chapter 7,
       contact the Clerk's Office within 3 days of the notice to
       Epiq Bankruptcy of entry of the order converting the case
       or cases;

   (p) 30 days prior to the close of these cases, to the extent
       practicable, request that the Debtors submit to the Court a
       proposed order dismissing Epiq Bankruptcy and terminating
       the services of Epiq Bankruptcy as the Claims Agent upon
       completion of its duties and responsibilities and upon the
       closing of these cases;

   (q) within 7 days of notice to Epiq Bankruptcy of entry of an
       order closing the chapter 11 cases, provide to the Court
       the final version of the Claims Registers as of the date
       immediately before the close of the cases; and

   (r) at the close of these cases, box and transport all original
       documents, in proper format, as provided by the Clerk's
       Office, to (i) the Federal Archives Record Administration,
       located at Central Plains Region, 200 Space Center Drive,
       Lee's Summit, MO 64064 or (ii) any other location requested
       by the Clerk's Office or ordered by the Court.

Epiq Bankruptcy will be paid at these hourly rates:

       Clerical/Administrative Support        $30-$45
       Case Manager                           $50-$80
       IT/Programming                         $70-$130
       Senior Case Manager                    $85-$130
       Director of Case Management            $145-$195
       Case Analyst                           $65-$110
       Consultant/Senior Consultant           $145-$190
       Director/Vice President Consulting       $225
       Communications Counselor                 $250
       Executive Vice President                 $265

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

Prior to the Petition Date, the Debtors provided Epiq Bankruptcy a
retainer in the amount of $10,000.

Todd W. Wuertz, director of Consulting Services with Epiq
Bankruptcy, 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.

Epiq Bankruptcy can be reached at:

       Todd W. Wuertz
       EPIQ BANKRUPTCY SOLUTIONS, LLC
       757 Third Avenue, Third Floor
       New York, NY 10017

                      About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes And Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Judy A. Robbins, the U.S. Trustee was unable to appoint a
committee of unsecured creditors.


GOLDKING HOLDINGS: Court Approves Hiring of E-Spectrum as Advisor
-----------------------------------------------------------------
Goldking Holdings, LLC and its debtor-affiliates sought and
obtained authorization from the Hon. David R. Jones of the U.S.
Bankruptcy Court for the District of Delaware to employ E-Spectrum
Advisors LLC as asset sale advisor, nunc pro tunc to the Oct. 30,
2013 petition date.

The Debtors require E-Spectrum Advisors to:

   (a) serve as advisor to the Debtors for one or more
       Transactions intended to monetize the Debtors' respective
       interests in certain properties to be designated by the
       Debtors for sale;

   (b) familiarize itself to the extent it deems appropriate and
       Feasible with the properties, it being understood that E-
       Spectrum Advisors shall, in the course of such
       familiarization, rely entirely upon information supplied by
       the Debtors and their authorized agents without independent
       investigation;

   (c) advise and assist the Debtors in and developing a strategy
       For accomplishing the transactions, including the possible
       terms and conditions of the Transactions.;

   (d) develop and present a list of prospective counterparties to
       a transaction (such counterparties, "Prospects") for the
       Debtors' approval prior to approaching any such prospects
       about a transaction;

   (e) advise the Debtors as to strategies or approaches in
       negotiating with prospects and assist the Debtors in
       evaluating and qualifying competing offers;

   (f) provide periodic email, telephonic or in-person updates to
       the Debtors and their bankruptcy counsel with respect to
       any Prospect or transaction;

   (g) work with the Debtors and their bankruptcy counsel to
       prepare marketing materials and electronic information, as
       necessary in connection with the transactions and E-
       Spectrum Advisors' services.  Before distribution to any
       Prospects, E-Spectrum Advisors shall deliver or make
       available to the Debtors and their bankruptcy counsel a
       copy of all marketing materials and other written
       information to be delivered or made available to such
       prospects, with the expectation that the Debtors will
       reasonably review such marketing materials and other
       information for accuracy and completeness and
       approve same for delivery to prospective counterparties;

   (h) make itself available to assist the Debtors in connection
       with the Debtors presentations to and negotiations with
       prospective counterparties; and

   (i) render, from time to time, such other services reasonably
       associated with the services contemplated in the Engagement
       Agreement as the Debtors consider necessary or reasonably
       request, subject to the remainder of the Engagement
       Agreement; provided, however, that E-Spectrum Advisors
       shall not be obligated to render a fairness opinion for the
       fee contemplated in the Engagement Agreement.

E-Spectrum Advisors will be paid the following Fee Structure:

   -- Success Fee.  E-Spectrum Advisors will be entitled to be a
      success fee equal to (collectively, the "Success Fee"): (i)
      the greater of (a) 2.0% of the total Aggregate Consideration
      received by the Debtors or (b) $500,000; plus (ii) an
      additional $200,000 if the total Aggregate Consideration
      received by the Debtors exceeds a certain amount (such
      threshold amount, the "First Fee Milestone"); plus (iii) an
      additional $500,000 if the total Aggregate Consideration
      received by the Debtors exceeds a certain amount, which
      amount is greater than the First Fee Milestone by
      $10,000,000;

   -- Monthly Fee.  In addition to the Success Fee, within 5
      business days of entry of the Proposed Order, E-Spectrum
      Advisors will be entitled to be paid a one-time monthly fee
      of $100,000 (the "Monthly Fee");  provided, however, that
      the Monthly Fee shall be credited against any Success Fee
      due and payable under the Engagement Agreement;

   -- Expenses.  In addition to the Monthly Fee and any Success
      Fees that may be payable to E-Spectrum Advisors under the
      Engagement Agreement, the Debtors have agreed to reimburse
      E-Spectrum Advisors when invoiced for all direct and
      documented out-of-pocket expenses which are actually and
      reasonably incurred by ESA for services performed by third
      parties in connection with its engagement, including
      reasonable costs of counsel.  Such expenses shall
      not exceed $10,000 in the aggregate without the Debtors'
      prior written approval;

   -- For the purpose of calculating the Success Fee, the term
      "Aggregate Consideration" from a Transaction or combination
      of Transactions shall be defined as the total valuable
      consideration actually received by the Debtors, directly or
      indirectly, in connection with a closed Transaction or
      combination of closed Transactions.  Such Aggregate
      Consideration received from the counterparty is expected to
      be more completely defined in the purchase and sale
      agreement or other definitive agreement executed by the
      Debtors and the counterparty for a Transaction (the
      "Purchase and Sale Agreement").  The Aggregate Consideration
      shall include all consideration paid or received at closing,
      or to be paid or received after closing, in connection with
      a Transaction or combination of Transactions, including,
      without limitation, cash, notes, securities, properties-
      related debt paid or assumed by the counterparty,
      reimbursement of capital expenditures, and other property
      received or to be received by the Debtors, which shall be
      deemed paid or received only when actually received by the
      Debtors; deferred non-contingent payments, such as
      installment payments, which shall be deemed paid or received
      only when actually received by the Debtors; and contingent
      payments or amounts paid into escrow, which shall be deemed
      paid or received only when actually received by the Debtors;

   -- For the purpose of calculating the Aggregate Consideration
      received or receivable in connection with a Transaction or
      combination of Transactions, noncash consideration shall be
      valued as set forth in, or determined in accordance with,
      the Purchase and Sale Agreement under which the Transaction
      is effected; except that only to the extent that the value
      of non-cash consideration is not addressed in any such
      definitive agreement, then any securities will be valued at
      the time of the closing of the Transaction as follows: (i)
      if such securities are traded on a stock exchange, the
      securities will be valued at the average last sale or
      closing price for the ten trading days immediately prior to
      the closing of the Transaction; (ii) if such securities are
      traded primarily in over-the-counter markets, the securities
      will be valued at the mean of the closing bid and asked
      quotations similarly averaged over a ten trading day period
      immediately prior to the closing of the Transaction; and
      (iii) if such securities have not been traded prior to the
      closing of the Transaction, such securities shall be valued
      at the fair market value thereof on the date of the closing
      of the Transaction in question as determined in good faith
      by the Board of Directors or other governing body of the
      Debtors; and

   -- The Success Fee will be payable upon the closing of the
      Transaction or combination of Transactions, with "closing"
      having the meaning conferred to it in the associated
      Purchase and Sale Agreement.  To the extent a combination of
      Transactions is closed, the Success Fee will payable as the
      Aggregate Consideration for each such closed Transaction is
      Actually received by the Debtors.

Coy Gallatin, chief executive officer E-Spectrum Advisors, 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.

E-Sprectrum Advisors can be reached at:

       Coy Gallatin
       ENERGY SPECTRUM ADVISORS, INC.
       5850 San Felipe Street, Suite 500
       Houston, TX 77057
       Tel: (713) 706-6382

                      About Goldking Holdings

Goldking Holdings LLC, an oil-and-gas exploration company based in
Houston, sought bankruptcy protection (Bankr. D. Del. Case No.
13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from
creditors with plans to sell virtually all its assets.  Goldking
Onshore Operating, LLC, and Goldking Resources, LLC, also sought
creditor protection.

The cases were initially assigned to Delaware Judge Brendan
Linehan Shannon.  On Nov. 20, 2013, Judge Shannon granted the
request of Goldking's former CEO Leonard C. Tallerine Jr. to move
the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No.
13-37200).  Mr. Tallerine owns a nearly 6% stake in the company
through an entity called Goldking LT Capital Corp.

The Debtors are represented by Scott W. Everett, Esq., and
Christopher L. Castillo, Esq., at Haynes And Boone, LLP.  Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware, serves as the Debtors' co-counsel.  The
Debtors' notice, claims, solicitation and balloting agent is Epiq
Bankruptcy Solutions, LLC.

Lantana Oil & Gas Partners was initially hired as the Debtors'
financial advisors.  In December 2013, the Debtors won Court
approval to employ E-Spectrum Advisors LLC, led by its CEO Coy
Gallatin, as asset sale advisor.

Judy A. Robbins, the U.S. Trustee was unable to appoint a
committee of unsecured creditors.


GREEN FIELD: Steven A. Felsenthal Named as Chapter 11 Examiner
--------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware approved the appointment of Steven A. Felsenthal, Esq.,
as Chapter 11 examiner for Green Field Energy Services, Inc., et
al.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, named Mr.
Felsenthal as Chapter 11 examiner after consulting with counsel to
the Debtors, the Ad Hoc Noteholder Group, GB Credit Partners, LLC
and ICON Capital, LLC, and the Official Committee of Unsecured
Creditors.  The U.S. Trustee assures the Court that the Chapter 11
Examiner's connections with the Debtors, creditors, any other
parties-in-interest, their attorneys and accountants, the U.S.
Trustee and persons employed in the Office of the U.S. Trustee are
limited.

Mr. Felsenthal may be reached at:

         Steven A. Felsenthal, Esq.
         STUTZMAN, BROMBERG, ESSERMAN & PLIFKA
         2323 Bryan Street, Suite 2200
         Dallas, TX 75201
         Tel: (214) 969-4900
         E-mail: felsenthal@sbep-law.com

                   About Green Field Energy

Green Field Energy Services, Inc., is an independent oilfield
services company that provides a wide range of services to oil and
natural gas drilling and production companies to help develop and
enhance the production of hydrocarbons.  The Company's services
include hydraulic fracturing, cementing, coiled tubing, pressure
pumping, acidizing and other pumping services.

Green Field Energy and two affiliates filed Chapter 11 petitions
in Delaware on Oct. 27, 2013, after defaulting on an $80 million
credit provided by an affiliate of Royal Dutch Shell Plc (Bankr.
D. Del. Case No. 13-bk-12783).

The Debtors are represented by Josef S. Athanas, Esq., Caroline A.
Reckler, Esq., Sarah E. Barr, Esq., and Matthew L. Warren, Esq.,
at Latham & Watkins LLP, in Chicago, Illinois; and Michael R.
Nestor, Esq., and Kara Hammon Coyle, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware.

The Debtors' investment banker is Carl Marks Advisory Group LLC.
Thomas E. Hill, from Alvarez & Marsal North America, LLC, serves
as the Debtors' chief restructuring officer.

In its schedules, Green Field disclosed $306,960,039 in total
assets and $447,199,869 in total liabilities.

The official committee of unsecured creditors appointed in the
case has retained Robert J. Stark, Esq., Howard L. Siegel, Esq.,
and Sunni P. Beville, Esq., at Brown Rudnick LLP as co-counsel;
Steven K. Kortanek, Esq., Kevin J. Mangan, Esq., and Morgan
Seward, Esq., at Womble Carlyle Sandridge & Rice, LLP as Delaware
co-counsel; and Conway MacKenzie, Inc. as financial advisor.

Green Field's bankruptcy is being financed with a $30 million loan
from BG Credit Partners LLC and ICON Capital LLC.


GULF COLORADO: Buyer Asks Court to Declare Asset Free of Liens
--------------------------------------------------------------
Heart of Texas Railroad, L.P., asks the U.S. Bankruptcy Court for
the Western District of Texas to determine that Gulf, Colorado &
San Saba Railway Corporation's property was conveyed to HOTRR free
and clear of any interests or claim of Texas North Orient
Corporation, with any such interest or claim attaching to the
proceeds of the sale.

The purchaser has filed the motion in aid of execution of the
order approving the expedited motion for approval of the sale of
the Debtor's property.

The Court, on Jan. 17, 2013, authorized Ronald Hornberger, the
Chapter 11 trustee, to sell the Debtor's assets to HOTRR for
$1,550,000.

According to HOTRR, in connection with obtaining insurance related
to the real property transferred under the sale order, an issue
arose regarding the record title to the Debtor's real property.
According to title records, on May 7, 1993, the Atchison, Topeka
and Santa Fe Railway Company conveyed its real property to San
Saba Railway Partners.  The joint venture partners in San Saba
Railway were the Debtor and Texas North Orient.

                            About GCSR

Gulf, Colorado & San Saba Railway Corporation operates the Gulf,
Colorado and San Saba Railway, a former Atchison, Topeka and Santa
Fe Railway "San Saba branch line."  The Railway is a short-line
freight railroad headquartered in Brady, Texas and operates from
an interchange with the BNSF Railway at Lometa, Texas 67.5 miles
west to Brady, Texas.  The Railway is located within the counties
of Lampasas, Mills, San Saba and McCulloch, Texas.

The Company filed for Chapter 11 relief (Bankr. W.D. Tex. Case No.
12-11531) on July 3, 2012.  Judge H. Christopher Mott presides
over the case.  Frances A. Smith, Esq., and Subvet D. West, Esq.,
at Shackelford Melton & McKinley, in Dallas, Texas, represented
the Debtor as counsel.  In its schedules, the Debtor disclosed
$24,534,864 in total assets and $3,710,371 in total liabilities.
The petition was signed by Richard C. McClure, president and CEO.

Ronald Hornberger was named as Chapter 11 trustee to oversee the
Debtor's operations through its employees.  Cox Smith Matthews
Incorporated represents the trustee.


GULFCOAST IRREVOCABLE: Court Won't Reconsider Trust Ruling
----------------------------------------------------------
Puerto Rico Bankruptcy Judge Enrique S. Lamoutte last month denied
the motion requesting reconsideration of the Court's prior orders
denying the Gulfcoast Irrevocable Trust I, Gulfcoast Irrevocable
Trust XIV, Gulfcoast Irrevocable XIV, and Gulfcoast Irrevocable
Trust XIX an evidentiary hearing based on the court's ruling that
the proffered facts, even if proven (or shown), do not establish
that the Debtors are business trusts since they failed to satisfy
the crucial test of whether the trust was created to transact
business or a commercial activity for the benefit of a group of
investors.

The Federal Deposit Insurance Corporation, as receiver for
Westernbank Puerto Rico, opposed the Debtors' motion for
reconsideration in all three cases.

The Court in the Nov. 30, 2012 Opinion and Order concluded that
the Trusts were not business trusts based on the following: (i)
the text of the trust agreements establish prima facie that the
Debtors are family trusts designed as an estate planning device;
(ii) "[t]he Debtors as a separate legal entity are not actually
operating as a business as their monthly report of operations on
file show no or minimal expenses or cash flow.  The Trusts are
merely holding companies of affiliates operating in Puerto Rico;"
and (iii) "[t]he fact that the Debtors may own the total or a
percentage of shares in corporations that have filed for or may be
eligible to file a bankruptcy petition does not mean that the
Trusts, as holders of the shares, are themselves eligible to file
a bankruptcy petition."

A copy of the Court's Dec. 11, 2013 Opinion and Order is available
at http://is.gd/5E2F09from Leagle.com.

                About Gulfcoast Irrevocable Trust

Three business trusts owned by Michael J. Scarfia filed for
Chapter 11 protection in Old San Juan, Puerto, Rico on Aug. 10,
2012.  Gulfcoast Irrevocable Trust I (Case No. 12-06338) serves as
the holding company and own 100% of the shares of Gibraltar
Construction Company, Inc., Gibraltar Development Corp., and
Gulfcoast Contractors, Inc.

Gulfcoast Irrevocable Trust XIV (Case No. 12-06339) serves as
holding company and owns 50% of the shares of Yasscar Caguas
Development, Corp. and Yasscar Development, Corp.

Gulfcoast Irrevocable Trust XIX (Case No. 12-06340) is the holding
company and owns 49.5% of the shares of JM Ponce III, LP, S.E.

The corporations owned by the Debtors, as a holding company and
owner of shares, do business in Puerto Rico.  The Debtors as a
separate legal entity are not actually operating as a business as
their monthly report of operations on file show no or minimal
expenses or cash flow.  The Trusts are merely holding companies of
affiliates operating in Puerto Rico.

Gulfcoast Irrevocable Trust estimated under $10 million in assets
but more than $100 million in debts in its bare-bones Chapter 11
petition.  An affiliate, Sabana Del Palmar, Inc., which owns
Mirabella Village & Club, filed a Chapter 11 petition (Bankr.
D.P.R. Case No. 12-06177) on Aug. 5, 2012.


HALLWOOD GROUP: Amends Schedule 13E-3 Statement with SEC
--------------------------------------------------------
The Hallwood Group Incorporated amended its Rule 13E-3 Transaction
Statement Under Section 13(E) of the Securities Exchange Act of
1934 on Jan. 16, 2014.

This Transaction Statement relates to the Agreement and Plan of
Merger, dated as of June 4, 2013, by and among Hallwood Group,
Hallwood Financial Limited, and HFL Merger Corporation (Merger
Sub), as amended.  If the conditions to the closing of the Merger
Agreement are either satisfied or, to the extent permitted,
waived, Merger Sub will be merged with and into the Company at the
effective time of the Merger, at which time the separate corporate
existence of Merger Sub will cease, and the Company will continue
as the surviving company in the Merger and a wholly owned
subsidiary of Parent.

A copy of the Amended Schedule 13E-3 is available for free at:

                        http://is.gd/lHNRSk

                        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 Sept. 30, 2013, showed
$65.88 million in total assets, $25.75 million in total
liabilities, and stockholders' equity of $40.13 million.

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.


HOUSTON REGIONAL: Comcast Reiterates Interest in Network
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Comcast Corp. is gearing up for a quick acquisition
of Houston Regional Sports Network LP through Chapter 11.

According to the report, Comcast urged the U.S. Bankruptcy Court
in Houston to put the network into Chapter 11 at the Feb. 4
hearing and renewed its offer to be the lead bidder at an auction.

In lieu of litigating over involuntary bankruptcy or dismissal,
the bankruptcy judge tapped the Rockets to lead negotiations
looking for a buyer, the report said.  The Rockets' exclusive
negotiating rights end Feb. 4.

To get a plan and sale through quickly, Comcast is asking that the
judge modify exclusivity at the Feb. 4 hearing to allow creditors
to file a plan and appoint an examiner charged with reconciling
competing plans and conducting the auction, the report related.

               About Houston Regional Sports Network

An involuntary Chapter 11 bankruptcy petition was filed against
Houston Regional Sports Network, L.P. d/b/a Comcast SportsNet
Houston (Bankr. S.D. Tex. Case No. 13-35998) on Sept. 27, 2013.

The involuntary filing was launched by three units of Comcast/NBC
Universal and a television-related company.  The petitioners are:
Houston SportsNet Finance LLC, Comcast Sports Management Services
LLC, National Digital Television Center LLC, and Comcast SportsNet
California, LLC.

The petitioning creditors have filed papers asking the Bankruptcy
Judge to appoint an independent Chapter 11 trustee "to conduct a
fair and open auction process for the Network's business assets on
a going concern basis."

Houston Regional Sports Network is a joint enterprise among
affiliates of the Houston Astros baseball team, the Houston
Rockets basketball team, and Houston SportsNet Holdings, LLC --
"Comcast Owner" -- an affiliate of Comcast Corporation.  The
Network has three limited partners -- Comcast Owner, Rockets
Partner, L.P., and Astros HRSN LP Holdings LLC.  The primary
purpose of Houston Regional Sports Network is to create and
operate a regional sports programming service that produces,
exhibits, and distributes sports programming on a full-time basis,
including live Astros and Rockets games within the league-
permitted local territories.

Counsel for the petitioning creditors are Howard M. Shapiro, Esq.,
at Wilmer Cutler Pickering Hale and Dorr LLP; George W. Shuster,
Jr., Esq., at Wilmer Cutler Pickering Hale and Dorr LLP; Vincent
P. Slusher, Esq., at DLA Piper; and Arthur J. Burke, Esq., at
Davis Polk & Wardwell LLP.

Judge Marvin Isgur presides over the case.


INFINIA CORP: Jan. 29 Hearing on Bid to Purchase Run-Off Coverage
-----------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Jan. 29, 2014, at
10:30 a.m., to consider Infinia Corporation LLC's motion to incur
debt.

The Debtor, out of abundance of caution, sought entry of an order
authorizing it to purchase run-off coverage for the D&O Policy for
an extended reporting period of one year, at a cost of roughly
$154,393, less any amount credited against the return premium for
the D&O Policy.

The Debtor related that prior to the Dec. 11, 2013 closing of the
sale of substantially all of its assets to the successful bidder,
Ricor Generation, Inc., the Debtor had maintained various
insurance policies through the Marsh insurance brokerage firm
including, among others, property, general liability, commercial
auto, workers' compensation, foreign liability, umbrella
liability, directors and officers liability (D&O), employment
practices liability (EPL), fiduciary liability, special risk
(kidnapping and ransom), ERISA bond and marine cargo coverage.

The policy period for the Debtor's current D&O policy is May 15,
2013, through May 15, 2014.  The limit of liability on the D&O
Policy is $5,000,000, and the retention/deductible is $25,000.
The continuity/retroactive date on the D&O Policy is May 15, 2012.
The annual premium for the D&O Policy was $154,393, which the
Debtor paid using premium financing from AFCO.

After the closing, RGI elected to purchase new lines of insurance
coverage that generally paralleled the Debtor's existing insurance
policies.

In this relation, AIG has offered a substantial financial
incentive for the Debtor to give a buying decision to AIG within
30 days of Jan. 2, 2014.  In the exercise of its business
judgment, the Debtor has concluded that the one year run-off
extension will provide the Debtor a sufficient amount of time to
report any claims under its D&O Policy.

Relatedly, the Debtor has concluded that the added cost of
additional extensions (i.e., 3 years or 6 years) is not warranted
under the circumstances.

                         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, to
sell the facility to their lender.  The Debtors estimated assets
and debts of at least $10 million.

Infinia Corp. is represented by George Hoffman, Esq., Steven C.
Strong, Esq. and Victor P. Copeland, Esq. -- gbh@pkhlaywers.com
and scs@pkhlawyers.com -- of Parsons Kinghorn Harris.  PowerPlay
Solar I is represented by Troy J. Aramburu, Esq. and Jeff D.
Tuttle, Esq. -- taramburu@swlaw.com and jtuttle@swlaw.com -- of
Snell & Wilmer L.L.P.

A four-member panel has been appointed in the case as the official
unsecured creditors committee, composed of Petersen Incorporated,
Intertek Testing Services, NA, Inc., ATL Technology, LLC, and
LeanWerks.


INTERMETRO COMMUNICATIONS: Charles Levy Stake at 9.9%
-----------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Charles M. Levy disclosed that as of Jan. 15, 2014, he
beneficially owned 8,916,640 shares of common stock of Intermetro
Communications, Inc., representing 9.9 percent of the shares
outstanding.  A copy of the regulatory filing is available for
free at http://is.gd/C5CLMO

                          About InterMetro

Simi Valley, Calif.-based InterMetro Communications, Inc.,
-- http://www.intermetro.net/-- is a Nevada corporation which
through its wholly owned subsidiary, InterMetro Communications,
Inc. (Delaware), is engaged in the business of providing voice
over Internet Protocol ("VoIP") communications services.

InterMetro Communications disclosed net income of $699,000 on
$20.06 million of net revenues for the year ended Dec. 31, 2012,
as compared with net income of $3.61 million on $21.31 million of
net revenue in 2011.  The Company's balance sheet at Sept 30,
2013, showed $3.24 million in total assets, $15.06 million in
total liabilities, and stockholders' deficit of $11.82 million.

Gumbiner Savett Inc., in Santa Monica, 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 incurred net losses in previous years, and as of
Dec. 31, 2012, the Company had a working capital deficit of
approximately $7,460,000 and a total stockholders' deficit of
approximately $10,692,000.  The Company anticipates that it will
not have sufficient cash flow to fund its operations in the near
term and through fiscal 2013 without the completion of additional
financing.


LEHMAN BROTHERS: Forecloses on Martinez Property
------------------------------------------------
Jeffrey Lake at Southwest Support Group, as special master, will
on Feb. 6, 2014 at 9:00 a.m., outside the front entrance of the
Bernalillo County Courthouse, 400 Lomas Blvd. NW, Albuquerque, NM,
sell and convey to the highest bidder for cash all the right,
title, and interest of Dennis T. Martinez, a defendant in a
lawsuit filed by Lehman Brothers Holdings, Inc.  Specifically, the
special master will sell "The South Half of Lot numbered Eight (8)
and the North Half of Lot numbered Nine (9) of Hurbell Heights, a
Subdivision of a tract of land in School District No. 28,
Bernalillo County, New Mexico."

The sale will be made pursuant to judgment entered on July 18,
2013, in Lehman Brothers' action, which is a suit to foreclose a
mortgage held by the Plaintiff and wherein the Plaintiff was
adjudged to have a lien against the real estate in the sum of
$99,559.74 plus interest from Feb. 11, 2013 to the date of sale at
the rate of 8.125% per annum, the costs of sale, including the
Special Master's fee, publication costs, and Plaintiff's costs
expended for taxes, insurance, and keeping the property in good
repair.

The Plaintiff has the right to bid at such sale and submit its bid
verbally or in writing.  The Plaintiff may apply all or any part
of its judgment to the purchase price in lieu of cash.

The case is, LEHMAN BROTHERS HOLDINGS, INC. AS DEBTOR AND DEBTOR
IN POSSESSION IN ITS CHAPTER 11 CASE IN THE UNITED STATES
BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, CASE NO.
08-13555 (JMP) (GRANTOR) WHOSE ADDRESS IS C/O LEHMAN BROTHERS
HOLDINGS INC., 1271 6TH AVENUE, NEW YORK, NY 10020, Plaintiff, v.
DENNIS T. MARTINEZ, BANCROFT WHITNEY, JUANITA S. ROIBAL, THE STATE
OF NEW MEXICO DEPARTMENT OF TAXATION AND REVENUE, NEW CENTURY
MORTGAGE CORPORATION, A CALIFORNIA CORPORATION, UNITED STATES OF
AMERICA BY AND THROUGH THE INTERNAL REVENUE SERVICE, NEW MEXICO
WORKFORCE SECURITY FKA NEW MEXICO DEPARTMENT OF LABOR EMPLOYMENT
SECURITY DIVISION AND THE UNKNOWN SPOUSE OF DENNIS T. MARTINEZ, IF
ANY, Defendant(s), No. D-202-CV-2011-05935, before the State of
New Mexico County of Bernalillo Second Judicial District.

The special master may be reached at:

         Jeffrey Lake
         Special Master
         SOUTHWEST SUPPORT GROUP
         5011 Indian School Road NE
         Albuquerque, NM 87110
         Tel: 505-767-9444

                      About Lehman Brothers

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

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

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

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

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

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

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

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

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

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates. (http://bankrupt.com/newsstand/or 215/945-7000).


MOHAJER12 CORP: Case Summary & 14 Unsecured Creditors
-----------------------------------------------------
Debtor: Mohajer12 Corp.
        7132 Charleston Point Court
        Mobile, AL 36695

Case No.: 14-00176

Chapter 11 Petition Date: January 20, 2014

Court: United States Bankruptcy Court
       Southern District of Alabama (Mobile)

Judge: Hon. William S. Shulman

Debtor's Counsel: James A. Johnson, Esq.
                  JAMES A. JOHNSON, P.C.
                  21 North Florida Street
                  Mobile, AL 36607-3134
                  Tel: (251) 473-1800
                  Fax: (251) 473-1805
                  Email: jjohnson@jamesajohnsonpc.com

Total Assets: $2.91 million

Total Liabilities: $3.34 million

The petition was signed by Husain Abdulla, president.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/alsb14-176.pdf


MT LAUREL LODGING: Amends Schedules of Asset and Liabilities
------------------------------------------------------------
Mt. Laurel Lodging Associates, LLP, filed with the U.S. Bankruptcy
Court for the Southern District of Indiana its amended schedules
of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $19,600,000
  B. Personal Property              $223,248
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $23,877,018
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $96,262
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $924,890
                                 -----------      -----------
        TOTAL                    $19,823,248      $24,898,170

A copy of the schedules is available for free at
http://bankrupt.com/misc/MTLAURELamendedsal.pdf

             About Mt. Laurel Lodging Associates, LLP

Mt. Laurel Lodging Associates, LLP and its debtor-affiliates filed
for separate Chapter 11 protection (Bankr. S.D. Ind. Lead Case No.
13-11697) on Nov. 4, 2013.

Bankruptcy Judge Robyn L. Moberly presides over the case.  Brian
A. Audette, Esq., at Perkins Coie LLP, and Andrew T Kight, Esq.,
at Taft, Stettinius & Hollister LLP represent the Debtor in their
restructuring efforts.  The Debtor, disclosed in amended schedules
$19,823,248 in assets $24,898,170 in liabilities as of the Chapter
11 filing.  The petitions were signed by Bharat Patel, general
partner.


MT LAUREL LODGING: Defends Bid to Hire Perkins Coie as Counsel
--------------------------------------------------------------
Mt. Laurel Lodging Associates, LLP, filed a reply to National
Republic Bank of Chicago's objection to Perkins Coie LLP's
employment as the Debtor's bankruptcy counsel, stating the
objection is another attempt by NRB to drive up the costs of the
cases and create unwarranted risk on the Debtor and its chosen
bankruptcy counsel.

The Debtor added that the bank's objection lacks merits as
evidenced by the fact that no other party-in-interest, including
the Office of the U.S. Trustee, has objected to Perkins Coie's
retention.

As reported in the Troubled Company Reporter on Jan. 8, 2014,
NRB, in its objection, asserted that the application to employ
Perkins Coie must be denied because (1) Perkins Coie refuses to
make the required disclosures despite repeated requests from the
Bank, and (2) Perkins Coie appears to have an actual conflict of
interest and other potential conflicts.

NRB said that after Perkins Coie filed its initial Declaration and
Supplemental Declaration, the Bank sent Perkins Coie three written
demands to comply with Section 327(a) of the Bankruptcy Code and
Rule 2014(a) of the Federal Rules of Bankruptcy Procedure.
Specifically, the demands asked for Perkins Coie to disclose the
facts and circumstances surrounding Perkins Coie's representation
of "numerous other affiliates" that may hold claims against the
Debtor.  In response, Perkins Coie filed a Second Supplemental
Disclosure that once again confirmed that it currently represents
numerous affiliates, but only named one -- Palmdale Lodging
Associates, L.P.

NRB said the Debtor made certain that Sun Management & Development
Corp., an insider, was paid during the 90-day preference period
while real estate taxes ($256,654) and hotel taxes ($31,150
accrued) were ignored.

NRB said that what is more disturbing is the lack of disclosure on
intercompany claims.  The Debtor's Schedule B does not show any
intercompany receivables. However, the Debtor's November 30,
2013 balance shows $443,293 of Related Party Receivables. As for
payables, the Debtor schedules Sun Management with a claim of
$619,425 and Palmdale Lodging with a claim of $100,000 -- both of
which are current clients of Perkins Coie.  Like the accounts
receivable, the Related Parry Payables from the November 30, 2013
balance sheet ($100,000) do not match Schedule F ($719,425).
Perkins Coie does not discuss any intercompany claims in any of
its declarations, except for the limited disclosure on Palmdale
Lodging.  The large claim by Sun Management cannot be ignored.
Also, Palmdale Lodging is a creditor in this case.  Since
Palmdale Lodging received about $1.9 million for the related
Debtors, it will be the subject of scrutiny at every step of this
case.

NRB said Perkins Coie is now faced with investigating claims held
by one client (the Debtor) against other clients (Palmdale Lodging
and Sun Management), and potential claims against itself
(subsequent transferee of funds paid to Palmdale).  "Since we do
not know which affiliates owe money to the Debtor, we cannot
examine whether any of those affiliates are current clients of
Perkins Coie. If the claims have merit, Perkins Coie will have to
represent the Debtor in an adversary proceedings against existing
firm clients, a clear conflict," NRB said.

             About Mt. Laurel Lodging Associates, LLP

Mt. Laurel Lodging Associates, LLP and its debtor-affiliates filed
for separate Chapter 11 protection (Bankr. S.D. Ind. Lead Case No.
13-11697) on Nov. 4, 2013.

Bankruptcy Judge Robyn L. Moberly presides over the case.  Brian
A. Audette, Esq., at Perkins Coie LLP, and Andrew T Kight, Esq.,
at Taft, Stettinius & Hollister LLP represent the Debtor in their
restructuring efforts.  The Debtor, disclosed in amended schedules
$19,823,248 in assets $24,898,170 in liabilities as of the Chapter
11 filing.  The petitions were signed by Bharat Patel, general
partner.


N-VIRO INTERNATIONAL: Defaults Under Credit Facilities
------------------------------------------------------
N-Viro International Corporation was unsuccessful in renewing the
existing Commercial Line of Credit Agreement with Monroe Bank &
Trust.  The principal obligation of $218,000 to the Bank is now in
default.  The Company is currently in negotiations with the Bank
to agree upon terms and conditions for repayment.

In December 2013, the Company received a Notice of Default from
Central States Southeast and Southwest Areas Pension Fund under
the Company's agreement dated November 2012 to pay certain pension
funds established for the benefit of the Company's former
employees at the Company's City of Toledo operation that ceased
all operations in late 2011.  Subsequently the Fund's trustee
served the Company with a summons in a civil action, and together
with the Notice of Default demands all amounts owed for pension
plan withdrawal liability in addition to interest and penalties.
The Company is currently in negotiations with Central States to
agree upon terms and conditions for repayment.

During the week of Jan. 13, 2014, the Company notified many of its
Florida sludge processing customers that biosolids would be
diverted away from its Daytona Florida site to off-site for
treatment and disposal due to operational conditions.  The Company
expects to incur greater costs to process its customer's biosolids
and concurrently receive reduced alkaline admixture revenue,
thereby materially reducing its profitability.  The Company
expects the diversion will continue for two to three months, but
also expects that its customers will continue to be served as
required by contract and not be materially affected by the change.

                    About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

In its audit report on the consolidated financial statements for
the year ended Dec. 31, 2012, UHY LLP, in Farmington Hills,
Michigan, expressed substantial doubt about N-Viro's ability to
continue as a going concern, citing the Company's recurring
losses, negative cash flow from operations and net working capital
deficiency.

The Company reported a net loss of $1.6 million on $3.6 million of
revenues in 2012, compared with a net loss of $1.6 million of
$5.6 million of revenues in 2011.  As of Sept. 30, 2013, the
Company had $1.97 million in total assets, $2.34 million in total
liabilities and a $369,192 total stockholders' deficit.


NET TALK.COM: Steven Healy Elected New CFO
------------------------------------------
Michael Humphreys, interim financial officer elected to resign,
but continuing as an advisor to Nettalk.com, Inc., as need it
basis effective Nov. 15, 2013.  Mr. Humphreys has agreed to devote
necessary time to ensure a seamless transition.  Mr. Steven Healy,
CPA, has been appointed as chief financial officer, replacing Mr.
Humphreys.

                        About Net Talk.com

Based in Miami, Fla., Net Talk.com, Inc., is a telephone company,
that provides, sells and supplies commercial and residential
telecommunication services, including services utilizing voice
over internet protocol technology, session initiation protocol
technology, wireless fidelity technology, wireless maximum
technology, marine satellite services technology and other similar
type technologies.

Net Talk.com incurred a net loss of $14.71 million on $5.79
million of total revenue for the year ended Dec. 31, 2012, as
compared with a net loss of $26.17 million on $2.72 million of
total revenue for the year ended Sept. 30, 2011.

The Company's balance sheet at Sept. 30, 2013, showed $4.73
million in total assets, $25.87 million in total liabilities, $5
million in redeemable preferred stock, and a $26.14 million total
stockholders' deficit.

                 Going Concern/Bankruptcy Warning

"The presentation of financial statements in accordance with GAAP
contemplates that operations will be sustained for a reasonable
period.  However, we have incurred operating losses of $884,879
and $3,740,984 during the three and nine months ended September
30, 2013, and operating losses of $2,041,541 and $12,553,836
during the three and nine months ended September 30, 2012,
respectively.  The company is also highly leveraged with
$16,068,911 in senior debentures, $1,070,087 in demand notes,
$500,000 in 5% Secured Convertible Promissory Notes and $1,400,000
in mortgage debt.  In addition, during the nine months ended
September 30, 2013 and 2012, we used cash of $1,634,097 and
$3,741,980, respectively, in support of our operations. As more
fully discussed in Note 5, we have material redemption
requirements associated with our senior debentures and demand
notes, due during the year ended December 31, 2013.  Since our
inception, we have been substantially dependent upon funds raised
through the sale of preferred stock and warrants to sustain our
operating and investing activities.  These are conditions that
raise substantial doubts about our ability to continue as a going
concern for a reasonable period."

"We have never sustained profits and our losses could continue.
Without sufficient additional capital to repay our indebtedness,
we may be required to significantly scale back our operations,
significantly reduce our headcount, seek protection under the
provisions of the U.S. Bankruptcy Code, and/or discontinue many of
our activities which could negatively affect our business and
prospects," the Company said in the quarterly report for the
period ended Sept. 30, 2013.


NEW ENERGY: Nonbidder Can't Challenge Sale of Assets to JV
----------------------------------------------------------
A three-judge panel of the U.S. Court of Appeals for the Seventh
Circuit composed of Circuit Judge Joel Martin Flaum, Circuit Judge
Frank H. Easterbrook, and District Judge William C. Griesbach,
sitting by designation, affirmed a ruling by a district court,
which confirmed a bankruptcy court's order approving the sale of
assets and denying a motion for reconsideration filed by a
nonbidder.

In this case, Natural Chem Holdings opposed the confirmation of
the sale of New Energy Corp.'s assets to a joint venture of
Maynards Industries (1991) Inc. and Biditup Auctions Worldwide,
Inc., contending that establishment of the joint venture amounted
to collusion that spoiled the auction.  The district judge
affirmed the bankruptcy court's conclusion, observing among other
things that after the closing only a protest by the trustee
permits a sale to be undone on the ground that "the sale price was
controlled by an agreement among potential bidders at such sale."

The Seventh Circuit's decision, penned by Judge Easterbrook, held
that to qualify for the auction, a potential bidder had to post a
bond of $250,000, which Natural Chem did not do so.  As a result,
it cannot have been injured as a bidder by the auction's outcome,
it was not going to prevail no matter what the other bidders did,
the Circuit Court said.  Nor could Natural Chem have been injured
as a credit that stood to receive a reduced payout as it is not
among New Energy's creditors, the Circuit Court added.

The Circuit Court concluded that Natural Chem lacks standing for
two independent reasons: it did not bid at the auction, and had it
done so it would have been helped rather than harmed if the
conduct of which it complains were indeed collusive.  The
potential benefits of joint ventures supply another reason why
Natural Chem cannot prevail, the Circuit Court added.

The case is Natural Chem Holdings, LLC (In re: New Energy
Corporation), No. 13-2501 (7th Cir.).  A full-text copy of the
Decision is available at:

         http://bankrupt.com/misc/NEWENERGY7thCir.pdf


NEW YORK CITY OPERA: Musicians Planning February Reunion Concert
----------------------------------------------------------------
Jennifer Maloney, writing for The Wall Street Journal, reported
that the musicians of New York City Opera will hold a reunion
concert in February, an event they hope could be a first step
toward creating a new group out of the ashes of the now-bankrupt
company.

According to the report, the concert is to be held on Feb. 21 at
New York City Center, City Opera's first home, in celebration of
what would have been the company's 70th anniversary.

The musical event will reunite members of the New York City Opera
Orchestra and singers who performed with the company, including
soprano Lauren Flanigan and tenor Ryan MacPherson, the report
related.

The so-called "people's opera," which launched the careers of
Beverly Sills and Placido Domingo, filed for bankruptcy in
October, after years of financial troubles, the report further
related.

                    About New York City Opera

New York City Opera, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 13-13240) on Oct. 3, 2013, estimating
between $1 million and $10 million in both assets and debt.

The petition was signed by George Steel, general manager and
artistic director.  Kenneth A. Rosen, Esq., at Lowenstein Sandler
LLP, serves as the opera's counsel.  Ewenstein Young & Roth LLP
serves as special counsel.


NNN 3500: CWCapital Balks at BMC Group as Tabulation Agent
----------------------------------------------------------
Gregory A. Cross, Esq., at Venable LLP, and Steven R. Smith, Esq.,
at Perkins Coie LLP, on behalf of CWCapital Asset Management LLC,
solely in its capacity as Special Servicer for U.S. Bank National
Association, objected to NNN 3500 Maple 26 LLC's request to employ
BMC Group, Inc. as the Debtors' tabulation agent.

CWCapital Asset said the hiring must be denied because (i) a
tabulation agent is unnecessary; and (ii) the Debtors cannot use
the rents to pay the fees and expenses of any such agent.

U.S. Bank serves as trustee, successor-in-interest to Bank of
America, N.A., as trustee for the Registered Holders of Wachovia
Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2006-C23.

As reported in the Troubled Company Reporter on Dec. 10, 2013, the
Debtors want BMC Group to:

   (a) serve the Debtors' Plan, Disclosure Statement, and all
       related materials, including, but not limited to, all
       notices relating to the Plan and Disclosure Statement that
       are required to be served on parties in interest in the
       Chapter 11 Cases;

   (b) print, mail and tabulate ballots for purposes of voting to
       accept or reject the Debtors' Plan; and

   (c) all other services requested by the Debtors in connection
       with the (i) provision of notice of and (ii) solicitation
       of votes with respect to the Debtors' Plan.

BMC Group will be paid at these hourly rates:

       Project Management            $125
       Noticing Specialists          $95
       Analysts                      $85
       Data Entry                    $25
       Call Center                   $45
       Admin Support                 $55

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

Tinamarie Feil, president of Legal Services at BMC Group, 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 NNN 3500 Maple 26

NNN 3500 Maple 26, LLC, based in Costa Mesa, Calif., filed for
Chapter 11 bankruptcy (Bankr. C.D. Calif. Case No. 12-23718) on
Nov. 30, 2012. Judge Scott C. Clarkson presided over the case.
In its schedules, the Debtor disclosed $45,563,241 in total assets
and $46,658,593 in total liabilities.

On Jan. 23, 2013, the Bankruptcy Court entered an order
transferring venue of the bankruptcy case to the U.S. Bankruptcy
Court for the Northern District of Texas (Case No. 13-30402).
Judge Harlin DeWayne Hale presides over the case.

Darvy M. Cohan, Esq., with offices at La Jolla, Calif., and
Michelle V. Larson, Esq., at Andrews Kurth LLP, in Dallas,
represent the Debtor as counsel.

NNN 3500 Maple 26 et al., submitted to the N.D. Texas Bankruptcy
Court a Disclosure Statement and Joint Plan of Reorganization
dated Nov. 7, 2013.  The Plan proposes to pay in full all
creditors.  The Reorganized Debtors will assume the liability for
and obligation to perform and make all distributions or payments
on account of all Allowed Claims.


NORTHERN BEEF: White Oak Has More Time to Close Asset Sale
----------------------------------------------------------
The Bankruptcy Court, according to minutes of hearing held
Jan. 20, 2014, extended the date on which successful bidder White
Oak Global Advisors LLC may close the acquisition of Northern Beef
Packers Limited Partnership's operating assets.   White Oak is a
secured lender of the Debtor.

The Court ordered that the closing date regarding the sale of the
operating assets for the successful bidder is extended by 10 days
after the date on which the Court enters judgment in Adv. No.
13-1016; and the closing date regarding the sale of the operating
assets for the backup bidder is extended by 17 days after the date
on which the Court enters a judgment in Adv. No. 13-1016.

The Debtor, in its motion, said the final cash portion of White
Oak's total bid will be determined after all issues regarding the
validity, priority, and extent of liens on the operating assets
sold are resolved.

White Oak made a credit bid of $39,500,000 and a cash bid of
$4,847,160, for a total bid of $44,347,160.  American Foods Group,
LLC, as the backup bidder has an all-cash bid of $12,750,000.

Scott Olson Digging, Inc., objected to the Debtor's motion for
extension of closing of the sale of operating assets.  Scott Olson
said the extension would provide absolutely no benefit to the
Debtor's estate, the unsecured creditors, or Olson.  An extension
would only benefit White Oak by way of not having to put up the
cash bid of $4,847,160.

After winning the auction for Northern Beef Packer's assets in
December, the secured lender was initially required to complete
the sale within three business days from the approval date.

White Oak is the Debtor's largest secured creditor as of the
petition date, with a disputed claim of more than $64 million.  It
is providing postpetition financing.

                    About Northern Beef Packers

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for
Chapter 11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19,
2013.  Karl Wagner signed the petition as chief financial officer.
Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least
$10 million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C., serves at the Debtor's counsel.  Steven H. Silton, Esq.,
at Cozen O'Connor serves as co-counsel.  Lincoln Partners Advisors
LLC serves as financial advisors.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.  Robbins, Salomon &
Patt, Ltd. serves as it lead counsel.  Patrick T. Dougherty serves
as its local counsel.


NORTHERN BLIZZARD: Moody's Assigns B2 CFR & Rates Unsec. Bonds B3
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Northern
Blizzard Resources Inc.'s (NBR) proposed US$425 million senior
unsecured notes. Moody's also assigned NBR a B2 Corporate Family
Rating (CFR), a B2-PD Probability of Default Rating (PDR), as well
as an SGL-2 Speculative Grade Liquidity rating. The rating outlook
is stable. The ratings are subject to receipt and review of final
documentation. This is the first time that Moody's has rated NBR.

The proceeds of the senior unsecured notes will be used to pay a
CAD200 million dividend and to repay drawings under its borrowing
base revolving credit facility.

Assignments:

  Issuer: Northern Blizzard Resources Inc.

     Probability of Default Rating, Assigned B2-PD

     Speculative Grade Liquidity Rating, Assigned SGL-2

     Corporate Family Rating, Assigned B2

    Senior Unsecured Regular Bond/Debenture, Assigned B3

    Senior Unsecured Regular Bond/Debenture, Assigned a range of
    LGD5, 76 %

Ratings Rationale

The B2 corporate family rating reflects the concentration of NBR's
modest oil production in mature fields in western Saskatchewan
that mostly require enhanced oil recovery (EOR) developments in
order to increase production. The EOR developments include water
flooding, polymer flooding and thermal projects that require a
significant amount of development capital and entail higher
operating expenses than conventional primary production. The
rating positively considers NBR's predominately heavy oil
production and solid cash margin, a low decline rate, adequate
leverage and solid finding and development costs and leveraged
full-cycle ratio.

NBR's SGL-2 rating reflects good liquidity through Q1 2015. Pro
forma for the notes issuance, Moody's expects that NBR will have
no cash and roughly CAD140 million drawn under its CAD535 million
borrowing base revolving credit facility, which, absent renewal,
will term out in July 2014 and mature one year later. Moody's
expects negative free cash flow of about CAD75 million from Q2
2014 to Q1 2015 to be funded with revolver drawings. Moody's
expects NBR will be in compliance with its two financial covenants
(senior debt to EBITDA not greater than 3x and interest coverage
not less than 2.5x) through this period. There are no debt
maturities in the next two years. Alternate liquidity is limited
given that substantially all of the company's assets are pledged
under the revolver.

Under Moody's Loss Given Default (LGD) Methodology, the senior
unsecured notes are rated B3, one notch below the CFR, reflecting
the prior ranking of the CAD535 million borrowing base revolving
credit facility in the capital structure.

The stable outlook reflects Moody's expectation that production
will increase by about 10% per annum over the next few years,
driven by the company's capex program, and that leverage metrics
will remain adequate for the rating.

The rating could be upgraded if production and total proved
reserves approach 30,000 bbls/d and 120 million barrels,
respectively, while maintaining retained cash flow to debt above
35%.

The rating could be downgraded if production and reserves fall
materially or if retained cash flow to debt appears likely to be
sustained below 20%.

The principal methodology used in this rating was the Global
Independent Exploration and Production Industry published in
December 2011. Other methodologies used include Loss Given Default
for Speculative-Grade Non-Financial Companies in the U.S., Canada
and EMEA published in June 2009.

NBR is a private Calgary, Alberta based exploration and production
company with 47 million and 76 million barrels of oil equivalent
of proved developed and total proved reserves, respectively and
average daily production of roughly 16,000 boe per day, net of
royalties.


NORTHERN BLIZZARD: S&P Assigns 'B' CCR & Rates Unsec. Notes 'B-'
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B' long-
term corporate credit rating to Calgary, Alta.-based oil and gas
exploration and production (E&P) company Northern Blizzard
Resources Inc. (NBRI).  The outlook is stable.  At the same time,
Standard & Poor's assigned its 'B-' issue-level rating and '5'
recovery rating to NBRI's proposed US$425 million unsecured notes.
The '5' recovery rating indicates S&P's expectation of modest
(10%-30%) recovery for debtholders in a default scenario.

Proceeds from the notes issuance will pay US$200 million in cash
dividends to NBRI's owners, NGP Energy Capital Management LLC and
Riverstone Holdings LLC; and cover general corporate uses.

The 'B' ratings reflect our anchor of 'b', based on S&P's
"vulnerable" business risk and "aggressive" financial risk profile
assessments for the company.  "The modifiers had no impact on the
ratings, which reflect our view of NBRI's operations in a highly
cyclical, capital-intensive, and competitive industry; weak
profitability compared with that of its peers; limited diversity;
and shareholder-friendly financial policy," said Standard & Poor's
credit analyst Aniki Saha-Yannopoulos.  S&P believes the company's
low-risk asset base and competitive cost structure offset these
weaknesses somewhat.

NBRI is a small E&P company (it had about 83 million barrels of
oil equivalent of gross proved reserves as of Sept. 30, 2013, and
about 18,500 barrels per day production for 2013) operating mostly
in southern Saskatchewan.  Almost all the company's production is
from the Lloydminster Heavy Oil and Kerrobert Bakken area; it uses
waterfloods for most of its production.  Pro forma for the new
debt, NBRI will have about C$768 million in adjusted debt (S&P's
adjustments include asset retirement obligations [about
C$135 million] and stock-based compensation liability[about
C$40 million]).

The stable outlook reflects S&P's view that NBRI's capital
spending program will result in increased oil production and
reserves.  Given its increasing production, S&P foresees the
company maintaining credit protection measures that are strong for
the ratings, with leverage projected to be below 3x in the next
two years.  At current EBITDA and debt levels, NBRI has sufficient
debt capacity to borrow the full commitment under its revolving
credit facility without affecting the ratings.

S&P could lower the ratings if NBRI cannot achieve the expected
production growth (10%-15%) in 2014, or if profitability
deteriorates significantly either due to lower realized commodity
prices or deteriorating cost profile.  S&P could also lower the
ratings if the company's debt-to-EBITDA deteriorates and stays
above 5x, which could occur if the company undertakes a
significant debt-financed acquisition or additional dividend
payouts.

An upgrade would depend upon an improving business risk profile --
for example, if NBRI improves its profitability, either through
generating higher realized revenues by accessing better markets or
improvement in cost profile.  Any increase in reserves and
production, either through acquisitions or the drill bit, while
maintaining balance-sheet strength could also lead to a positive
rating action.  An upgrade would also be possible if financial
policy improves to "significant" -- where NBRI's public ownership
reaches 20% and there is evidence that the owner will continue to
relinquish control and company's credit measures continue to be in
line with a significant financial risk profile.


OCZ TECHNOLOGY: Chief Executive to Stay Onboard After Sale
----------------------------------------------------------
Ralph Schmitt, the chief executive officer of OCZ Technology
Group, Inc., et al., in a declaration filed with the U.S.
Bankruptcy Court for the District of Delaware, related that
Toshiba Corporation has made an offer for him to commence
employment as CEO of its designated acquisition subsidiary, TAEC
Acquisition Corp. upon the closing of the sale.

Mr. Schmitt said that, subject to court approval of the sale to
Acquisition Corp. and the closing of the transactions under the
Purchase Agreement, he intend to accept the offer and continue as
CEO of the business.  He clarified that his employment with
Acquisition Corp. was not a condition to the purchase agreement.

The declaration was filed after the Court authorized the Debtors
to sell all or substantially all of their assets to the Toshiba
unit after no competing bid emerged.  Toshiba proposes to pay
$35 million for the assets.

                             About OCZ

San Jose, Calif.-based OCZ Technology Group, Inc. (Nasdaq: OCZ)
designs, manufactures, and distributes high-performance solid-
state storage solutions and premium computer components.

OCZ and two affiliates on Dec. 2, 2013, filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 13-13126) with a deal to
sell all assets under 11 U.S.C. Sec. 363 to Toshiba Corporation
for $35 million.

As of the bankruptcy filing, the Debtors had funded indebtedness
of $29.3 million and general unsecured trade obligations of $31.4
million.

The Debtors are represented by Mayer Brown LLP's Sean T. Scott,
Esq., as counsel and Young Conaway Stargatt & Taylor LLP's Michael
R. Nestor, Esq., Matthew B. Lunn, Esq., and Jaime Luton Chapman,
Esq., as Delaware local counsel.  Deutsche Bank is the Debtors'
investment banker.  Mike Rizzo Jr. at RAS Management Advisors,
LLC, serves as financial advisors to the Debtors.  The Hon. Peter
J. Walsh presides over the case.

Kelley Drye & Warren LLP's Eric R. Wilson, Esq., Jason R. Adams,
Esq., and Gilbert R. Saydah Jr., Esq., serve as counsel to the
official committee of unsecured creditors, and Greenberg Traurig,
LLP's Dennis A. Meloro, Esq. serves as local counsel.


PACIFIC THOMAS: Seeks Approval to Borrow $6.5-Mil. in Financing
---------------------------------------------------------------
Pacific Thomas Corp. has filed a motion seeking court approval to
borrow more than $6.5 million in financing from Thorofare Capital.

The company will use the new loan to pay off the claims of Bank of
the West, Private Mortgage Fund LLC, Alameda County's tax
collector and other secured creditors.  What is left after payment
of those claims will be used to implement the company's proposed
restructuring plan.

The new loan, which has a fixed interest rate of 10.85%, is
conditioned upon approval of the restructuring plan and its
outline or the so-called disclosure statement.

Pacific Thomas will post some of the real properties it owns as
collateral for the loan.  In case the company received court
approval of the proposed financing, Bank of the West, Private
Mortgage and Alameda County's tax collector would be required to
release their liens on those properties.

                  PMF, et al., Oppose Financing

The proposed financing drew flak from Bank of the West and Donald
White, Alameda County's tax collector.  In separate court filings,
both oppose any attempt by Pacific Thomas to use the "plan
confirmation process" to adjudicate disputes over the amounts of
their claims.

Another creditor Summit Bank also objected to the proposed
financing, saying there is "no summary or description of the
events of default under the proposed borrowing."

Mr. White is represented by:

         John T. Seyman, Esq.
         Deputy County Counsel
         Office of County Counsel, County of Alameda
         1221 Oak Street, Suite 450
         Oakland, California 94612
         Tel: (510) 272-6700
         E-mail: john.seyman@acgov.org7

Bank of the West is represented by:

         Robert B. Kaplan, Esq.
         Walter W. Gouldsbury III, Esq.
         JEFFER, MANGELS, BUTLER & MITCHELL LLP
         Two Embarcadero Center, Fifth Floor
         San Francisco, California 94111-3813
         Tel: (415) 398-8080
         Fax: (415) 398-5584
         E-mail: RKaplan@JMBM.com
                WGouldsbury@JMBM.com

Summit Bank is represented by:

         Eric A. Nyberg, Esq.
         Chris D. Kuhner, Esq.
         KORNFIELD, NYBERG, BENDES & KUHNER P.C.
         1970 Broadway, Suite 225
         Oakland, California 94612
         Tel: (510) 763-1000
         Fax: (510) 273-8669
         E-mail: e.nyberg@kornfieldlaw.com
                 c.kuhner@kornfieldlaw.com

                    About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.


PACIFIC THOMAS: Secured Creditors Still Objecting to Plan Outline
-----------------------------------------------------------------
Pacific Thomas Corp.'s secured creditors asked U.S. Bankruptcy
Judge M. Elaine Hammond to deny the latest version of the
company's disclosure statement.

Pacific Thomas filed last month its fourth amended disclosure
statement, which provides detailed description of its proposed
plan to exit bankruptcy protection.  The move came after Judge
Hammond denied on Dec. 16 its disclosure statement and instructed
the company to make further revisions to address issues regarding
the sale of its property in Hawaii, and how it will fund the plan
and pay administrative expenses.

Bank of the West, a secured creditor, criticized the lack of
information about the status of the sale of the Hawaii property as
well as the real properties owned by two shareholders of the
company who agreed to use the equity from those properties to fund
administrative expenses.

Another secured creditor Summit Bank expressed doubt over the
feasibility of the plan, saying Pacific Thomas doesn't have enough
funds to implement the plan.

Meanwhile, Donald White, Alameda County's tax collector, wanted
the disclosure statement revised to make sure that his claim
against the company will be paid in full.

The latest plan outline drew support from Private Mortgage Fund
LLC, which just signed an agreement with the company regarding
payment of its claim under the plan.

                 4th Amended Disclosure Statement

Pacific Thomas' fourth amended disclosure statement discusses its
proposal to avail of loan from Thorofare Capital to pay off some
secured claims.

According to the disclosure statement, the new loan will be
refinanced by the reorganized company before the loan terms
expires.  If the reorganized company fails to do so, the safe
storage parcels of the Pacific Thomas properties will be sold.

In the plan outline, Pacific Thomas expressed confidence that it
will have sufficient cash on hand to pay administrative claims on
the effective date of the plan.  The company said it will get the
cash from its DIP bank accounts, third-party funding sources, and
proceeds from the Thorofare loan.  If the insiders fail to
liquidate the Hawaii real estate prior to confirmation of the
plan, they will deed the property to the reorganized company.

The plan outline also disclosed the treatment of secured claims
including those held by the Alameda County Treasurer, Summit Bank,
Bank of the West, Private Mortgage as well as unsecured claims
held by insiders and non-insiders.

A full-text copy of the fourth amended disclosure statement dated
Dec. 31, 2013, can be accessed for free at http://is.gd/U7Qtu2

                    About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.


PANKAJ K. KARAN: Smartlipo MPX Laser System to Be Sold Feb. 10
--------------------------------------------------------------
Personal property of Pankaj K. Karan MD Inc. consisting of office
and medical equipment, furniture and devices, including, but not
limited to, Smartlipo MPX Laser System, electric and manual tilt
tables, carts, stands, stools, lamps, radio frequency vacuum
therapy systems, cryo chiller and microderm abrasion machines, to
the highest qualified bidder in public on commencing 8:00 a.m. on
Feb. 10, 2014, and closing at 2:00 p.m. on Feb. 12, 2014, by
internet public auction conducted by:

         ASSET RELIANCE INC.
         112 Harvard Avenue, #213
         Claremont, CA 91711
         Tel: (909) 944-5959
         http://www.assetreliance.com/

The Property will be offered "As Is" without any warranty of any
fitness for any particular purpose. The debtor has the right to
redeem the Property at any time prior to sale by payment in full
of all indebtedness owed, publishing costs, attorneys' fees and
auctioneer costs.

Pankaj K. Karan is based at 1009 S. Summer Breeze Lane, Anaheim,
CA 92808.

The Property is being foreclosed by Security Bank of California,
based at 3403 Tenth Street, Suite 830, Riverside, CA 92501 (951)
368-1355 (Michael Wholley).

The bank is represented by:

         KING & ASSOCIATES
         13 Corporate Plaza, Suite 200
         Newport Beach, CA 92660
         Tel: (949) 644-1355
         E-mail: rking@raykinglaw.com


PLEXTRONICS INC: Chapter 11 Plan Due May 16
-------------------------------------------
Plextronics, Inc., which has filed a bankruptcy petition in
Delaware, is required to file a Chapter 11 plan and disclosure
statement by May 16, 2014, according to the bankruptcy docket.

The Debtor is required to file schedules of assets and liabilities
and its statement of financial affairs by Jan. 31, 2014.

                      About Plextronics Inc.

Headquartered in Pittsburgh, Pennsylvania, Plextronics, Inc. --
http://www.plextronics.com-- specializes in conductive polymers
and printable formulations that enable advanced electronic
devices.  The company's develops customized inks to enhance the
performance of organic light emitting diodes (OLEDs) for next
generation displays and lighting applications, lithium ion
batteries, polymer metal capacitors, and emerging organic
electronic devices.

The privately held company was founded in 2002 as a spinout from
Carnegie Mellon University based upon conductive polymer
technology developed by Dr. Richard McCullough.

Plextronics, Inc. on Jan. 16, 2014, filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 14-10080) with plans to sell its
assets to Solvay America, Inc., absent higher and better offers.

The Debtor estimated assets and debt of $10 million to $50 million
as of the bankruptcy filing.

Campbell & Levine, LLC in Pittsburgh is serving as the
Plextronics' legal advisors.  New York-based Cowen and Company,
LLC is serving as its investment banker.


PLY GEM HOLDINGS: Unit Offering $550 Million of Senior Notes
------------------------------------------------------------
Ply Gem Industries, Inc., a wholly-owned subsidiary of Ply Gem
Holdings, Inc., commenced an offering of $550,000,000 aggregate
principal amount of senior unsecured notes due 2022, subject to
market and other conditions.

The Company intends to use the net proceeds from the New Senior
Notes, together with the proceeds from borrowings under a new $380
million senior secured term loan facility and cash on hand, (i) to
finance the repurchase or redemption of the Company's outstanding
$756 million principal amount of 8.25 percent senior secured notes
due 2018, (ii) to finance the repurchase or redemption of the
Company's outstanding $96 million principal amount of 9.375
percent senior notes due 2017 and (iii) to pay financing costs and
other expenses in connection with the Term Loan Facility, the
issuance of the New Senior Notes and the related transactions.

The offering of the New Senior Notes and the closing of the Term
Loan Facility are subject to successful marketing and other
conditions, and there can be no assurance that the Company will
close the Term Loan Facility, issue the New Senior Notes or
complete the repurchase or redemption of the Senior Secured Notes
or the Senior Notes as described or at all.

                           About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

Ply Gem Holdings incurred a net loss of $39.05 million in 2012, as
compared with a net loss of $84.50 million in 2011.  The Company's
balance sheet at Sept. 28, 2013, showed $1.08 billion in total
assets, $1.12 billion in total liabilities and a $37.69 million
total stockholders' deficit.

                           *     *     *

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.


PLUG POWER: Closes $30 Million of Registered Offering
-----------------------------------------------------
Plug Power Inc. completed its underwritten registered offering of
10,000,000 shares of its common stock and accompanying warrants to
purchase 4,000,000 shares of its common stock.  The shares and the
warrants were sold together in a fixed combination, with each
combination consisting of one share of common stock and 0.40 of a
warrant to purchase one share of common stock, at a price to the
public of $3.00 per fixed combination for gross proceeds of $30
million.  The securities were placed with a single investor.

Cowen and Company, LLC, acted as the sole underwriter for the
offering.

Net proceeds, after underwriting discounts and commissions and
other estimated fees and expenses payable by Plug Power, and
assuming the warrants are not exercised, will be approximately $28
million.

Plug Power intends to use the net proceeds of the offering for
working capital and other general corporate purposes including,
capital expenditures.

The securities were offered by Plug Power Inc. pursuant to a shelf
registration statement on Form S-3 (No. 333-173268) including a
base prospectus, previously filed and declared effective by the
Securities and Exchange Commission (SEC).  A final prospectus
supplement related to the offering was filed with the SEC on
Jan. 10, 2014, and is available on the SEC's Web site located at
www.sec.gov.  Electronic copies of the final prospectus supplement
also may be obtained from Cowen and Company, LLC (c/o Broadridge
Financial Services, 1155 Long Island Avenue, Edgewood, NY, 11717,
Attn: Prospectus Department, Phone: 631-274-2806, Fax: 631-254-
7140).

                         About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

KPMG LLP, in Albany, New York, expressed substantial doubt about
Plug Power's ability to continue as a going concern, following
their audit of the Company's financial statements for the year
ended Dec. 31, 2012, citing the Company's recurring losses from
operations and substantial decline in working capital.

As of Sept. 30, 2013, the Company had $40.03 million in total
assets, $35.36 million in total liabilities, $2.45 million in
series C redeemable convertible preferred stock, and $2.21 million
in total stockholders' equity.

                         Bankruptcy Warning

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, and continued development
and expansion of our products.  Our ability to meet our future
liquidity needs, capital requirements, and to achieve
profitability will depend upon numerous factors, including the
timing and quantity of product orders and shipments; the timing
and amount of our operating expenses; the timing and costs of
working capital needs; the timing and costs of building a sales
base; the timing and costs of developing marketing and
distribution channels; the timing and costs of product service
requirements; the timing and costs of hiring and training product
staff; the extent to which our products gain market acceptance;
the timing and costs of product development and introductions; the
extent of our ongoing and any new research and development
programs; and changes in our strategy or our planned activities.
If we are unable to fund our operations without additional
external financing and therefore cannot sustain future operations,
we may be required to delay, reduce and/or cease our operations
and/or seek bankruptcy protection," the Company said in its
quarterly report for the period ended Sept. 30, 2013.


PRESIDENTIAL REALTY: Extends Employments of CEO & Pres. Till 2015
-----------------------------------------------------------------
Presidential Realty Corporation and Nicholas W. Jekogian, Chairman
and chief executive officer of the Company, entered into an
amendment to the employment agreement dated Nov. 8, 2011, between
the Company and Mr. Jekogian.  The amendment provides for:

   (i) the extension of the employment term from May 3, 2013, to
       Dec. 31, 2015;

  (ii) continuation of Mr. Jekogian's base salary through the
       balance of the term at the rate of $225,000 per annum;

(iii) removal of the $200,000 cap on the amount of any annual
       bonus that might be awarded Mr. Jekogian;

  (iv) the issuance to Mr. Jekogian of a "Warrant" to purchase
       1,700,000 shares of the Company's Class B Common Stock in
       exchange for the complete cancellation of $425,000 of the
       deferred compensation accrued under Mr. Jekogian's
       employment agreement;

   (v) the issuance of a "Transaction Warrant" to Mr. Jekogian
       upon the occurrence of a Capital Event; and

  (vi) an increase in severance benefits from three months to six
       months in the event of a termination of Mr. Jekogian's
       employment following a change of control or a termination
       for "good reason" as defined in the employment agreement.

The payment of any bonus and base salary will continue to be
deferred until a "Capital Event" occurs, which is defined as the
receipt by the Company of at least $20,000,000 in cash or property
from capital-raising activities.

The Transaction Warrant is a warrant to purchase shares of the
Company's Class B Common Stock to be issued to Mr. Jekogian upon
the closing of each acquisition transaction by the Company of cash
or property.

Moreover, on Jan. 8, 2014, the Company and Alexander Ludwig, a
director, president, chief operating office and principal
financial officer of the Company, entered into an amendment to the
employment agreement dated Nov. 8, 2011, between the Company and
Mr. Ludwig.  The amendment provides for:

   (i) the extension of the employment term from May 3, 2013, to
       Dec. 31, 2015;

  (ii) continuation of Mr. Ludwig's base salary through the
       balance of the term at the rate of $225,000 per annum;

(iii) removal of the $200,000 cap on the amount of any annual
       bonus that might be awarded Mr. Ludwig;

  (iv) the issuance of a "Transaction Warrant" to Mr. Ludwig upon
       the occurrence of a Capital Event; and

   (v) an increase in severance benefits from three months to six
       months in the event of a termination of Mr. Ludwig's
       employment following a change of control or a termination
       for "good reason" as defined in the employment agreement.

The Transaction Warrant is a warrant to purchase shares of the
Company's Class B Common Stock to be issued to Mr. Ludwig upon the
closing of each acquisition transaction by the Company of cash or
property.

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

                       http://is.gd/U895zl

                     About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, is engaged
principally in the ownership of income-producing real estate and
in the holding of notes and mortgages secured by real estate or
interests in real estate.  On Jan. 20, 2011, Presidential
stockholders approved a plan of liquidation, which provides for
the sale of all of the Company's assets over time and the
distribution of the net proceeds of sale to the stockholders after
satisfaction of the Company's liabilities.

Presidential Realty incurred a net loss of $2.33 million in 2012
following a net loss of $6.16 million in 2011.  The Company's
balance sheet at Sept. 30, 2013, showed $1.58 million in total
assets, $1.92 million in total liabilities and a $339,314 total
deficit.

Holtz, Rubenstein Reminick LLP, in Melville, 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 suffered recurring losses from
operations and has a working capital deficiency.  These conditions
raise substantial doubt about its ability to continue as a going
concern.


REDE ENERGIA: Seeks U.S. Recognition of Brazilian Bankruptcy Plan
-----------------------------------------------------------------
The administrator of Rede Energia S.A. filed a Chapter 15
bankruptcy petition in Manhattan to seek recognition of the
company's reorganization proceedings in Brazil.

Jose Carlos Santos, the administrator, is asking U.S. Bankruptcy
Judge Martin Glenn to, among other things, enter an order giving
full force and effect in the U.S. to the company's Brazilian
reorganization plan, and enjoining creditors from taking any
action in the U.S.
Rede Group is one of the largest electric power companies in
Brazil. Rede distributes electricity to millions of customers
throughout a large region of Brazil, including the states of Sao
Paulo, Minas Gerais, Parana, Mato Grosso and Tocantins.

On Nov. 24, 2012, due to deteriorating financial conductions that
threatened Rede's ability to continue operations and the
intervention by the Brazilian government into its power generation
facilities, Rede and certain of its subsidiaries commenced
bankruptcy proceedings before the Second Court of Bankruptcies and
Judicial Restructuring Court of the Central Civil Court of the
City of Sao Paulo.

Consistent with certain financial conditions imposed by Brazilian
regulators, Rede submitted its plan of reorganization, pursuant to
which Energisa, S.A., will invest R$1.9 billion in Rede and assume
certain operating obligations of Rede Group in exchange for
ownership of reorganized Rede.  The Brazilian Bankruptcy Court
entered an order approving the plan on Sept. 9, 2013.

Although subject to a number of pending appeals, the Brazilian
confirmation order and the Brazilian reorganization plan are in
full force and effect and have not been stayed.  Rede expects all
conditions precedent to consummation will be satisfied or waived
by the middle of February 2014.

Rede's contacts with the U.S. include the issuance of U.S.-dollar
denominated 11.125% perpetual notes in the aggregate principal
amount of $400 million.  The reorganization plan provides for a
25% cash distribution to holders of the perpetual notes.  Upon
payment made to the Bank of New York Mellon, the indenture
trustee, the perpetual notes will be deemed to have been assigned
to Energisa under Brazilian Bankruptcy Law.

Mr. Santos is also asking the U.S. Bankruptcy Court to recognize
the Brazilian Bankruptcy Proceeding as "foreign main proceeding."

Rede's sole property in the U.S. is an interest in an undrawn
retainer with White & Csae LLP, Rede's U.S. counsel in connection
with the Chapter 15 case.

                       About Rede Energia S.A.

Rede Energia S.A. operates through its subsidiaries, which are
engaged in the distribution, generation and trading of electricity
in Brazil.  Rede supplies electricity to 3.3 million customers in
436 municipalities in six Brazilian states.

In 2012, Rede distributed 14,442 GWh of energy, recorded net loss
of R$665.8 million, and gross operating revenue of R$7.515
billion.  As of Dec. 31, 2012, Rede and its subsidiaries' total
assets were valued at R$9 billion.

Rede Energia filed a Chapter 15 petition in Manhattan (Bankr.
S.D.N.Y. Case No. 14-10078) on Jan. 16, 2014, to seek recognition
of its restructuring proceedings in Brazil.

Rede Energia is estimated to have more than $1 billion in assets
and liabilities.

Jose Carlos Santos, the administrator in the Brazilian judicial
reorganization proceeding, as foreign representative, signed the
Chapter 15 bankruptcy petition.  He is represented by John K.
Cunningham, Esq., at White & Case, LLP, in Miami.

Rede was previously the parent of Centrais Electricas do Para S.A.
("CELPA"), an electricity distribution concessionary for the Para
region in Brazil.  CELPA filed a judicial restructuring proceeding
in Brazil in 2012 pursuant to which Rede's ownership in CELPA was
sold to a non-affiliated third party.  CELPA filed a petition for
Chapter 15 relief (Bankr. S.D.N.Y. Case No. 12-14568) in Manhattan
on Nov. 9, 2012.  The CELPA case was closed April 25, 2013.


RENTAL REAL ESTATE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Rental Real Estate Resources, LLC
        6847 Windjammer Dr
        Brownsburg, IN 46112

Case No.: 14-00338

Chapter 11 Petition Date: January 20, 2014

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. James K. Coachys

Debtor's Counsel: KC Cohen, Esq.
                  KC COHEN, LAWYER, PC
                  151 N Delaware St Ste 1104
                  Indianapolis, IN 46204
                  Tel: 317-715-1845
                  Fax: 317-916-0406
                  Email: kc@esoft-legal.com

Total Assets: $0

Total Liabilities: $1.3 million

The petition was signed by Scott B. Beil, member.

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


RIH ACQUISITION: Strikes Deal With AC Electric, South Jersey Gas
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey has
approved a stipulation and consent order dated Dec. 2, 2013,
between RIH Acquisitions NJ, LLC, et al., and Atlantic City
Electric Company.

The stipulation provided, among other things, for the payment of
$167,401 to AC Electric, which will constitute adequate assurance
of payment.

The stipulation also provides that, among other things:

   1. In addition to the initial deposit, the Debtors will pay a
cash deposit of $159,600 to AC Electric, which will constitute
additional adequate assurance of payment, in accordance with the
following payment schedule:

      a) $39,900 on Dec. 20, 2013;
      b) $39,900 on Jan. 3, 2014;
      c) $39,900 on Jan. 17; and
      d) $39,900 on Jan. 31.

   2. The additional deposit will be applied solely to utility
services provided from and after Nov. 6, and will not be applied
by AC Electric to any pre-Filing Date utility services.

   3. In addition to the assurances provided by the additional
deposit, the Debtors will pay their postpetition usage that is due
and owing in accordance with AC Electric's ordinary and
contractual payment terms during the postpetition period.

AC Electric filed an objection to the proposed adequate assurance
of payment under Section 366 of the Bankruptcy Code on Nov. 27,
2013.

       Adequate Assurance of Payment to South Jersey Gas

In a separate order, the Court also approved a consent order
between the Debtor and South Jersey Gas.

Pursuant to the order, among other things:

   1. the Debtors will pay a cash deposit of $47,858 to SJG,
which, will constitute adequate assurance of payment with respect
to SJG Account Nos. 11339017532, 12082167011 and 11339030519.  The
Deposit will be applied solely to utility services provided from
and after Nov. 6, 2013, and will not be applied by SJG to any pre-
Filing Date utility services.

   2. as part of the proposed adequate assurance of payment,
beginning on Dec. 1, then on Dec. 25, 2013 and continuing on each
25th of each month thereafter, the Debtors will cause SJG to
receive pre-payments for utility services in the amount set forth
on a schedule agreed to by the parties, representing an advance
for the anticipated amount owed to SJG for the RIH Accounts for
the following month.

   3. SJG will continue to invoice the Debtors for the RIH
Accounts as per its tariff approved by the New Jersey Board of
Public Utilities, and those invoices will show on the date they
are generate whether prior prepayments have resulted in a credit
or any deficiency in payment.

                      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 (Bankr. D.N.J. Case No. 13-34483) on Nov. 6, 2013, in
Camden, New Jersey, 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.

Financing for the Chapter 11 reorganization is being provided by
Northlight Financial LLC.

An official committee of unsecured creditors appointed in the case
is represented by Morton R. Branzburg, Esq., Carol Ann Slocum,
Esq., and Richard M. Beck, Esq., at Klehr Harrison Harvey
Branzburg LLP.  The Committee hired PricewaterhouseCoopers, LLC,
as financial advisor.

RIH Acquisitions NJ LLC scheduled $17,776,359 in total assets and
$16,813,022 in total liabilities.

On Dec. 23, 2013, Judge Gloria M. Burns approved the sale of
Atlantic Club Casino Hotel's casino property and fixtures to
Caesars Entertainment Corp. for $15 million; and the slot machines
and other gambling equipment to Tropicana Entertainment Inc. for
$8.4 million.


ROBERT FREEMAN: 4th Circ. Flips $631K Restitution v. 'Dr. Shine'
----------------------------------------------------------------
Robert J. Freeman, a/k/a "Dr. Shine," appeals the order of a
district court directing him to pay $631,050 in restitution to
four individuals as part of his sentence for obstructing federal
bankruptcy proceedings.  On appeal, the Appellant argues that the
district court erred because the purported victims to whom he was
ordered to pay restitution are not victims of the offense to which
he pled guilty.  Rather, he contends, the purported victims
suffered losses when the Appellant caused them to take out
significant loans for the benefit of his church -- conduct with
which he was not charged or convicted.  The Government contends
that the purported victims are entitled to restitution because the
Appellant's untruthfulness during his bankruptcy proceedings
rendered them otherwise unable to be repaid for their loans and/or
recoup their ensuing losses.

The statement of facts addendum to the plea agreement provided
that the Appellant purported to be a minister, and between 1991
and 2003 he incorporated Save the Seed Ministry, Inc., Save the
Seed International Church, and Seed Faith International Church.
He served as pastor and leader of all three.  Shortly after
forming these entities, the Appellant began using church funds to
"accumulate substantial assets, including a $1.75 million
residence and luxury automobiles, in the names of members of the
church."  By October 2005, the Appellant and his spouse owed debts
in their names totaling more than $1.3 million.  The couple filed
for Chapter 13 bankruptcy on Oct. 14, 2005.

A three-judge panel composed of Judges Allyson K. Duncan, James A.
Wynn and Stephanie D. Thacker issued a ruling on Jan. 17, 2014,
holding that, because the specific conduct that is the basis for
the Appellant's conviction did not cause the purported victims'
losses, they are not entitled to restitution.  Therefore, the
Fourth Circuit reversed the judgment of the district court to the
extent it orders restitution.  Given that the district court
ordered restitution in lieu of a fine, the Fourth Circuit remanded
the matter so that it may consider whether or not to impose a
fine.

The case is United States of America, Plaintiff-Appellee, v.
Robert J. Freeman, a/k/a Dr. Shine, No. 12-4636 (4th Cir.).  A
full-text copy of the Decision penned by Judge Thacker is
available at http://bankrupt.com/misc/FREEMAN4thcir.pdf

Nancy Susanne Forster, Esq., at KADISH, FORSTER & FASTOVSKY, in
Baltimore, Maryland, argued for Appellant.  Thomas Patrick Windom,
Esq., OFFICE OF THE UNITED STATES ATTORNEY, in Greenbelt,
Maryland, argued for Appellee.  Rod J. Rosenstein, Esq., United
States Attorney, OFFICE OF THE UNITED STATES ATTORNEY, Baltimore,
Maryland, filed the brief for Appellee.


RSM PRODUCTION: To Dispute VOG's Cash Call & Notice of Default
--------------------------------------------------------------
RSM Production Corporation on Jan. 20 announced its intention to
dispute a cash call request by Victoria Oil & Gas for $26m
relating to RSM's interest in the Logbaba Concession in the
Republic of Cameroon.

RSM confirms that it has made an application to the International
Chamber of Commerce for emergency measures to defend against VOG's
notice of default and enter arbitration concerning the cash call.

This action follows RSM's recent success in the ICC in December
2013 when it defeated earlier attempts by VOG to acquire RSM's
interest.

Jack Grynberg, President of RSM said: "The ICC confirmed RSM's 40%
interest in the Logbaba Block.  VOG's claimed cash calls are
invalid and vastly over inflated.  This predictable and wrongful
demand by VOG is damaging to the project and to RSM's interests.
RSM intends to find out exactly what VOG has been spending
shareholders' money on and RSM will not be paying any improper,
unauthorized expenditure."

RSM was excluded from the operational management of the asset from
August 2011 until November 2013 during which time they approved a
work program and budget.  RSM does not accept that it is liable
for the $26m that VOG asserts it is owed as a result.  RSM views
the sum requested as invalid and designed to force it to default
and forfeit its holding.

In arbitration, RSM will also seek an order that cash calls should
be made in accordance with RSM's rights under its Operating
Agreement, including the right to attend and vote on the Operating
Committee and approve work programs and budget.

                             Background

The Logbaba Concession was granted to RSM by the Republic of
Cameroon on May 31, 2001.  On August 9, 2006 RSM assigned an
interest to a VOG subsidiary, which was approved by Cameroonian
Presidential Decree on November 29, 2006.  It is a matter of
contention as to whether the assignment was of a 50 per cent
interest or a 60 per cent interest in the Concession.  On July 18,
2011, VOG asserted that pursuant to the provisions of an operating
agreement between the parties, RSM had forfeited to VOG its
remaining interest.  This assertion is disputed and is subject of
ongoing and protracted Arbitration between the parties.

In July, 2011, VOG refused to accept RSM's payment of an
outstanding $4,100,000 forcing RSM to demand arbitration.  RSM
rejected VOG's claims that RSM had forfeited its interest in the
Logbaba Development and the Government of Cameroon has not
approved the transfer of RSM's remaining interest in the Logbaba
Development to VOG.  A Republic of Cameroon Presidential Decree
executed on 3 December 2012 confirms RSM's interest.

RSM also has an International Centre for Settlement of Investment
Disputes (ICSID) claim against the Republic of Cameroon which is
proceeding to arbitration.  The case was registered on July 1,
2013 and a first hearing is expected early this year.

                    About Victoria Oil & Gas

Victoria Oil and Gas plc (VOG) is an AIM listed oil and gas
exploration and production company with assets in Africa and the
FSU.  The company's principal assets are the Logbaba gas and
condensate project in Cameroon and the West Medvezhye project in
Siberia, Russia.  VOG Chairman is Kevin Foo.

                       About RSM Production

RSM Production Corporation (RSM) operates as an oil and gas
exploration and production company.  The company was incorporated
in 1996 and is based in Denver, Colorado.  RSM owns a 40% interest
in the Logbaba Concession.


SAVIENT PHARMACEUTICALS: Rigrodsky & Long Files Class Suit
----------------------------------------------------------
Rigrodsky & Long, P.A. on Jan. 21 disclosed that it has filed a
class action lawsuit in the United States District Court for the
District of Delaware on behalf of all persons or entities that
purchased the securities of Savient Pharmaceuticals, Inc. between
April 1, 2013 and October 14, 2013, inclusive, alleging violations
of the Securities Exchange Act of 1934 against certain of the
Company's officers and directors.  The case is entitled Johansson
v. Ferrari, Case No. 14-cv-0042 (D. Del.).

Please contact:

         Timothy J. MacFall, Esquire
         Peter Allocco
         RIGRODSKY & LONG, P.A.
         825 East Gate Boulevard, Suite 300,
         Garden City, NY
         Tel: (888) 969-4242,
         E-mail: info@rl-legal.com

Or visit the Web site at
http://www.rigrodskylong.com/news/savient-pharmaceuticals-inc-
svntq

The Complaint alleges that defendants made materially false and
misleading statements regarding the Company's business operations,
financial condition and prospects.  Specifically, the Complaint
alleges that the defendants concealed from the investing public
that: (a) Savient lacked the sufficient cash and cash equivalents
to fund anticipated levels of operations, which ultimately lead to
the Company filing voluntary petitions for reorganization under
Chapter 11 of Title 11 of the United States Code; and (b) the
Company mislead investors by actively exploring the sale of the
Company despite insisting its intention to proceed with efforts to
commercialize its chief drug, KRYSTEXXA, in the United States and
to explore partnership opportunities in the EU and other
jurisdictions.  As a result of the foregoing, the Company's stock
traded at artificially inflated prices during the Class Period.

According to the Complaint, on October 15, 2013, only two months
after falsely assuring the market that it had an adequate cash
position to fund operations for an additional 12 months, and after
misrepresenting the Board's efforts to engage in strategic
alternatives, Savient announced that it had elected to file
voluntary petitions for reorganization under Chapter 11 of Title
11 of the United States Code in the United States Bankruptcy Court
for the District of Delaware.  In that same announcement, Savient
reported that it was seeking authorization to pursue a sale
process under Section 363 of the U.S. Bankruptcy Code.

Upon the news of the bankruptcy filing, the price of Savient
common stock fell approximately 88%, from a close of $0.5737 per
share on October 14, 2013 to a close of $0.0716 on October 15,
2013 on extremely high trading volume.

To serve as lead plaintiff, the claimant must move the Court no
later than March 24, 2014.

With offices in Wilmington, Delaware and Garden City, New York,
Rigrodsky & Long, P.A. regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation , including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.

                  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.  GCG Inc. serves as the Debtors' claims agent.

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.


SCHWAB INDUSTRIES: No Further Hearing in Malpractice Suit
---------------------------------------------------------
In the case, DAVID A. SCHWAB, et al., Plaintiffs, v. LAWRENCE E.
OSCAR, ESQ., et al., Defendants, Adv. Proc. No. 12-6035 (Bankr.
N.D. Ohio), Bankruptcy Judge Russ Kendig in December signaled he
won't hold an additional hearing on the the Plaintiffs' motion for
relief from judgment filed on Sept. 20, 2013.  The Defendants
opposed the request and argued that further hearing is
unnecessary.

On May 10, 2012, the Plaintiffs, shareholders and directors of
Schwab Industries Inc. and several related entities, filed an
adversary complaint alleging malpractice against bankruptcy
attorneys at Hahn Loeser & Parks LLP, the Debtors' lead bankruptcy
counsel.  On Sept. 20, 2012, the court dismissed the complaint.  A
year later, on Sept. 20, 2013, the Plaintiffs filed a motion
seeking relief from the dismissal.  They argue that new evidence
has come to light that warrants relief from judgment.  The
Defendants oppose the relief.

On Nov. 5, 2013, the court held a hearing on the motion for relief
from judgment and the supplemental pleadings, including the
Defendants' response and the Plaintiffs' reply. Also pending at
the time of the hearing was the Plaintiffs' request to file a
supplemental brief in support of their motion, which the court
granted at the hearing.

Upon Plaintiff's filing of the supplement, the Defendants were
given an opportunity to respond, which they did on Nov. 27, 2013.
The Plaintiffs now requested an additional hearing to counter
positions raised in that response.  The Plaintiffs deny actual
knowledge of an alleged conflict of interest by the firm that
represented them in bankruptcy in time to raise it in the
bankruptcy case.

Judge Kending finds that additional hearing would not materially
advance the court's ability to decide this matter.  First, the
court has already conducted one hearing on the pending motion.
Second, the parties have had ample opportunity to present their
positions to the court.

According to the Plaintiffs, a hearing is needed because of the
existence of a potential factual issue centered on Plaintiff David
Schwab's knowledge of an Aug. 19, 2009 letter from Attorney
Krause, a partner with Hahn Loeser & Parks LLP, to Gail Webster,
Executive Vice President of Huntington Bank.  The Defendants
counter that it is immaterial whether Plaintiff David Schwab had
possession of the letter, or when he gained actual knowledge,
because the letter cannot be considered newly discovered evidence
by Plaintiffs in support of their Fed.R.Civ.P. Rule 60(b) motion.
Upon review of these matters, the court finds that the issue is
primarily a legal question. The parties do not dispute the
existence of the letter, or the fact that it was part of discovery
in another case. While Plaintiffs argue actual knowledge is key,
Defendants argue otherwise.  The Court must determine the
applicable law. If Plaintiffs are correct, then a factual issue
may exist and further argument may be necessary. But the court is
not convinced of the benefit of additional hearing now on this
narrow concern, especially since Defendants have also raised other
arguments that may or may not be dispositive.

A copy of the Court's Dec. 11, 2013 Memorandum of Opinion is
available at http://is.gd/QdCOynfrom Leagle.com.

                      About Schwab Industries

Dover, Ohio-based Schwab Industries, Inc., produced, supplied and
distributed ready-mix concrete, concrete block, cement and related
supplies to commercial, governmental and residential contractors
throughout Northeast Ohio and Southwest Florida.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Ohio Case No. 10-60702) on Feb. 28, 2010.  Affiliates Medina
Cartage Co.; Medina Supply Company; Quality Block & Supply, Inc.;
O.I.S. Tire, Inc.; Twin Cities Concrete Company; Schwab Ready-Mix,
Inc.; Schwab Materials, Inc.; and Eastern Cement Corp. also sought
bankruptcy protection.  The Parkland Group, Inc., provided
restructuring services and designated Laurence V. Goddard as Chief
Restructuring Officer.  Hahn Loeser & Parks LLP served as
bankruptcy counsel.  Brouse McDowell, LPA, served as special
counsel.  Garden City Group, Inc., served as claims, noticing and
balloting agent.  The Company estimated its assets and liabilities
at $50 million to $100 million.

As part of the bankruptcy, substantially all of the Debtors'
assets via auction.  The Court entered a sale order on May 28,
2010.  Subsequently, the Court confirmed a liquidation plan.
Through the sale and plan, a creditor trust was established for
the benefit of the unsecured creditors and John B. Pidcock was
designated Creditor Trustee.  The Debtor was later renamed SII
Liquidation Company.


STANS ENERGY: Applies for Management Cease Trade Order Extension
----------------------------------------------------------------
Stans Energy Corp. on Jan. 21 disclosed that that it has made an
application to the Ontario Securities Commission to approve an
extension to its existing management cease trade order ("MCTO")
under National Policy 12-203 Cease Trade Orders for Continuous
Disclosure Defaults ("NP 12-203"), which, if granted, will
prohibit trading in securities of the Corporation by certain
insiders of the Corporation, whether direct or indirect.

The Company had previously been granted an MCTO on December 20,
2013.  In its application, it had advised that it expected to be
in a position to file its 2013 unaudited interim financial
statements for the quarter ended September 30, 2013, management
discussion and analysis (MD&A) relating to the unaudited interim
financial statements, and CEO and CFO certificates relating to the
unaudited interim financial statements, as required by National
Instrument 52-109 Certification of Disclosure in Issuers' Annual
and Interim Filings by January 28, 2014.

The reason for the delay was that the Company is considering
impairment charges against its assets and needs more time to
determine the appropriate impairment for inclusion in our
financial reporting.

The Company has now applied to extend the MCTO and to include its
new interim Chief Financial Officer, Boris Aryev as a person to be
bound by the order.  The Company now anticipates being in a
position to file the Required Filings by February 28, 2014.

The following facts and events have led to this change in the
anticipated filing date of its Required Filings:

(a) the Company's CFO had been on a medical leave and the Company
was advised she would not be returning; announced by the Company
January 8, 2014;

(b) Boris Aryev (the Company's chief operating officer) has been
appointed interim CFO and will now be responsible for certifying
the Required Filings as CFO, and two financial consultants, Doug
Varty, a former partner at KPMG, and Lena Masters, a previous CFO
at the Company have been engaged and will assist Mr. Aryev,
announced by the Company January 14, 2014;

(c) It is now understood that the consultants hired by the Company
to assist with asset valuation in Kyrgyzstan for impairment
purposes will complete their work by the end of January, 2014.

(d) Once all data has been received, it is anticipated that a
further period of 2 to 4 weeks will be required to translate and
interpret and compile the results, coordinate with the issuer's
auditors in respect thereof, and complete for filing the issuer's
required filings.

The existing MCTO presently continued in effect.

The Company confirms that it intends to satisfy the provisions of
the alternative information guidelines set out in section 4.3 and
4.5 of NP12-203 so long as it remains in default of filing the
required filings.

There are no insolvency proceedings to which the Company is
subject.

There is no material information concerning the affairs of the
Company which has not been generally disclosed.

                        About Stans Energy

Stans Energy Corp. is a resource development company focused on
progressing Heavy Rare Earth (HRE) properties in areas of the
Former Soviet Union.  In December 2009, Stans acquired a 20-year
mining license for the past-producing Kutessay II rare earth mine
from the Kyrgyz Republic.  On May 26, 2011 Stans completed the
purchase of the Kashka Rare Earth Processing Plant (KRP) the same
plant that previously refined REEs historically from Kutessay II.
The KRP was the only hard rock plant to produce all rare earth
elements outside of China, producing 120 different metals, alloys,
and oxides.  For over 30 years, Kutessay II produced 80% of the
rare earth metals for the former Soviet Union.


SUMMIT ACCOMMODATORS: Bloggers and Press Get Same Protections
-------------------------------------------------------------
A three-judge panel composed of Judges Arthur L. Alarcon, Milan D.
Smith, Jr., and Andrew D. Hurwitz, of the U.S. Court of Appeals
for the Ninth Circuit affirmed in part and reversed in part a
district court's judgment awarding compensatory damages to a
bankruptcy trustee on a defamation claim against an Internet
blogger.

The panel held that Gertz v. Robert Welch, Inc., 418 U.S. 323, 350
(1974) (holding that the First Amendment required only a
"negligence standard for private defamation actions"), is not
limited to cases with institutional media defendants.  The panel
further held that the blog post at issue addressed a matter of
public concern, and the district court should have instructed the
jury that it could not find the blogger liable for defamation
unless it found that she acted negligently.  The panel held that
the bankruptcy trustee did not become a "public official" simply
by virtue of court appointment, or by receiving compensation from
the court.  The panel remanded for a new trial on the blog post at
issue, and affirmed the district court's summary judgment on the
other blog posts that were deemed constitutionally protected
opinions.

As backgrounder, Kevin Padrick is a principal of Obsidian Finance
Group, LLC, a firm that provides advice to financially distressed
businesses.  In December 2008, Summit Accommodators, Inc.,
retained Obsidian in connection with a contemplated bankruptcy.
After Summit filed for reorganization, the bankruptcy court
appointed Padrick as the Chapter 11 trustee.  Because Summit had
misappropriated funds from clients, Padrick's principal task was
to marshal the firm's assets for the benefit of those clients.

After Padrick's appointment, Crystal Cox published blog posts on
several Web sites that she created, accusing Padrick and Obsidian
of fraud, corruption, money-laundering, and other illegal
activities in connection with the Summit bankruptcy.  Cox
apparently has a history of making similar allegations and seeking
payoffs in exchange for retraction.  Padrick and Obsidian sent Cox
a cease-and-desist letter, but she continued posting allegations.
The defamation suit ensued.

The cases are Obsidian Finance Group, LLC; Kevin D. Padrick,
Plaintiffs-Appelles, v. Crystal Cox, Defendant-Appellant, No. 12-
35238 (9th Cir.) and Obsidian Finance Group, LLC; Kevin D.
Padrick, Plaintiffs-Appellants, v. Crystal Cox, Defendant-
Appellee, No. 12-35319 (9th Cir.).

A full-text copy of the Decision penned by Judge Hurwitz, dated
Jan. 17, 2014, is available at:

           http://bankrupt.com/misc/SUMMIT9thCir.pdf

Eugene Volokh, Esq. -- -- at Mayer Brown LLP, in Los Angeles,
California, for Defendant-Appellant/Cross-Appellee.  Mr. Volokh
may be reached at:

         Eugene Volokh, Esq.
         MAYER BROWN LLP
         350 South Grand Avenue
         25th Floor
         Los Angeles, California  90071-1503
         Tel: (310) 206-3926

Robyn Ridler Aoyagi, Esq. -- robyn.aoyagi@tonkon.com -- Steven M.
Wilker, Esq. -- steven.wilker@tonkon.com -- and David
S. Aman, Esq. -- david.aman@tonkon.com -- at Tonkon Torp LLP,
Portland, Oregon, for Plaintiffs-Appellees/Cross-Appellants.

Bruce D. Brown, Gregg P. Leslie, and Jack S. Komperda,
Arlington, Virginia, for Amicus Curiae The Reporters
Committee for Freedom of the Press.

Thomas C. Goldstein, Esq. -- tgoldstein@goldsteinrussell.com -- at
Goldstein & Russell, P.C., in Washington, D.C., for Amicus Curiae
SCOTUSblog.com.


T-L CONYERS: Hearing on Bid to Extend Exclusivity Set for Feb. 12
-----------------------------------------------------------------
A hearing on a motion filed by T-L Conyers LLC et al to extend the
Debtors' exclusivity period is set for Feb. 12, 2014 at 1:30 p.m.

T-L Conyers LLC, T-L Cherokee South, LLC, and two affiliates
sought Chapter 11 protection in Hammond, Indiana, on Feb. 1, 2013.

The Debtors are represented by David K. Welch, Esq., at Crane,
Heyman, Simon, Welch & Clar, in Chicago.

The Debtors own various shopping centers in Georgia and Kansas.

T-L Cherokee South (Bankr. N.D. Ind. Case No. 13-20283) estimated
assets and debts of $10,000,001 to $50,000,000.  T-L Cherokee owns
and operates a commercial shopping center in Overland Park, Kansas
known as "Cherokee South Shopping Center".

The Debtors are entities managed by Westchester, Illinois-based
Tri-Land Properties, Inc., which sought Chapter 11 protection
(Case No. 12-22623) on July 11, 2012.


TOWNEPLACE SUITES: Management Firm Takes Over Operations
--------------------------------------------------------
The Ventura County Star reports that a San Diego-based real
property management firm said that it has taken over the
TownePlace Suites and Courtyard Marriott in Thousand Oaks,
California.

The two hotels are among five in Southern California that the
firm, Trigild, is now running, having been appointed receiver by
the Superior Court of California in Monterey County, according to
Ventura County Star.

The report relates that the other three hotels are the Holiday Inn
Express Valencia, Best Western Valencia and Courtyard Marriott in
San Luis Obispo.

The hotels are embroiled in legal action, and Trigild will run the
day-to-day operations, the report notes.  Whether Trigild will
remain in control after the matter is resolved is unknown, the
report says.


TRANSGENOMIC INC: Applies for NASDAQ Capital Market Listing
-----------------------------------------------------------
Transgenomic, Inc., has filed an application for listing its
common shares on The NASDAQ Capital Market.

The Company's proposed listing on The NASDAQ Capital Market is
subject to review by NASDAQ and dependent upon the Company meeting
all relevant quantitative and qualitative listing criteria of
NASDAQ.  The Company believes it currently meets all of NASDAQ's
eligibility requirements with the exception of the minimum bid
price requirement, which will be addressed by a reverse split of
the Company's common stock.

In addition to the NASDAQ Capital Market application, Transgenomic
also announced that its Board of Directors has approved a 1-for-12
reverse split of its issued and outstanding shares of common
stock, with a planned effective date of Jan. 27, 2014.  After
giving effect to the reverse stock split, every 12 shares of the
Company's issued and outstanding common stock will automatically
be combined into one share of the Company's issued and outstanding
common stock.  The common stock will trade for 20 business days
under the temporary ticker symbol "TBIOD," with the "D" added to
signify that the reverse split has occurred.  After 20 business
days, the symbol will revert back to the original symbol.

After the reverse split, the number of shares outstanding will be
reduced from approximately 88.3 million shares to approximately
7.4 million shares.  In connection with the reverse split,
stockholders will not receive fractional post-reverse stock split
shares; instead, holders will receive cash in lieu of fractional
shares.  The reverse stock split will not modify the rights or
preferences of the common stock.

"This reverse stock split, combined with a possible uplisting to
The NASDAQ Capital Market, is the next important step for
Transgenomic in becoming a strong molecular diagnostics company,"
said Paul Kinnon, president and chief executive officer of
Transgenomic.  "If approved, an uplisting to NASDAQ, the world's
largest and most recognized electronic trading market, is expected
to benefit both our business operations and stockholders through
increased awareness and visibility within the investment
community, improved share liquidity, and greater access to
capital."

Stockholders who hold their shares in brokerage accounts or
"street name" will not be required to take any action to effect
the exchange of their shares following the reverse split.  Holders
of share certificates will receive instructions from the Company's
transfer agent, Wells Fargo Bank Minnesota, N.A., regarding the
process for exchanging their shares. Wells Fargo Bank Minnesota,
N.A. can be reached at (800) 468-9716.

Although the Company believes its common stock will be accepted
for listing on NASDAQ, it cannot provide assurances that NASDAQ
will ultimately approve the Company's application for listing on
The NASDAQ Capital Market.

                         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.  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.

As reported by the TCR on Feb. 13, 2013, Transgenomic 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.


UNITED SILVER: Ontario Court Appoints Duff & Phelps as Receiver
---------------------------------------------------------------
United Silver Corp. disclosed that pursuant to an order of the
Ontario Superior Court of Justice (Commercial List) dated
January 9, 2014, Duff & Phelps Canada Restructuring Inc. was
appointed as receiver and manager of the property, assets and
undertaking of USC and the Receiver has been advised that the
directors of USC have resigned.

The Receiver was appointed pursuant to an application brought by
USC's secured creditor, HUSC, LLC ("HUSC").

The stability and certainty of a Court-supervised receivership is
expected to assist to protect the business and preserve the value
of the assets of USC, including the Crescent Mine, in which USC
has an indirect 80% ownership interest.  The Court-supervised
receivership is also expected to provide a mechanism to address
the Company's short term liquidity requirements.  HUSC has
indicated that it intends to foreclose on the assets of USC's
operating subsidiaries, which are not subject to the receivership
proceedings, in accordance with security agreements granted
previously by the subsidiaries to HUSC in 2012.

                        About United Silver

United Silver Corp is a vertically integrated Canadian mining
company with operations in Idaho, USA.  It has an 80% interest in
the Crescent Silver Mine project in the Silver Valley's prolific
Silver Belt - directly between two of the district's historically
largest silver producing properties, the Sunshine and Bunker Hill
mines.  USC also offers a full suite of mining services including
contract mining and providing a complete fabrication shop and
service for building and repairing mining equipment to silver
miners in the district.


UPPER VALLEY: Jan. 30 Hearing on Bid to Use Cash Collateral
-----------------------------------------------------------
The Hon. J. Michael Deasy of the U.S. Bankruptcy Court for the
District of New Hampshire will convene a hearing on Jan. 30, 2014,
at 10 a.m., to consider Upper Valley Commercial Corporation's
motion to use cash collateral in which Woodsville Guaranty Savings
Bank asserts an interest.

The Court has authorized, on an interim basis, the Debtor's use of
cash collateral until Feb. 4, 2014, at 5 p.m.

As reported in the Troubled Company Reporter on Jan. 7, 2014, the
Debtor requested for the limited use of cash collateral for a
period of 13 weeks to pay the costs and expenses incurred by the
Debtor in the ordinary course of business during the period
between Jan. 4 and April 4.  The Debtor said Woodsville Guaranty
assents to the use of cash collateral, and that Woodsville is
owed $1.15 million on a revolving line of credit with a limit of
$2 million, which appears to be secured by all of the assets of
the Debtor.

The Debtor believes that Woodsville will be protected by the
significant cash collateral "equity cushion" that presently
exists: $12.2 million in accounts receivable securing debt of
approximately $1.14 million.  Nevertheless, as additional adequate
protection, the Debtor will grant Woodsville replacement liens and
security interests in all postpetition property of the estate.

The Debtor believes a limited use of cash collateral will permit
it to maintain essential business operations to collect on loans,
pay down its own obligations, and wrap up operations over a period
of approximately 60 months.

The Debtor says it does not have enough liquidity to pay all of
its debts in full immediately.  It needs time to collect on its
outstanding loans in due course using the funds to pay down its
debt over the wind-down period.

Prepetition, the Debtor borrowed from businesses and individuals
to finance its lending by issuing un-certificated demand
promissory notes and certificated term promissory notes.  During
the 13-week period postpetition, the Debtor expects to spend
$25,132 as regular interest payments to its unsecured pre-petition
lenders.  Some of these entities are retirees who rely on the
regular payments for support.

With an organized wind down through its proposed liquidating plan,
the Debtor expects to collect its receivables successfully and pay
its debts in full without causing an undue hardship on its
prepetition lenders and customers.

As of the Petition Date, the Debtor owed Woodsville Guaranty
$1,147,000 secured by a first priority security interest and lien
granted by the Debtor to Woodsville Guaranty upon all of the
assets of the Debtor, including without limitation, the Debtor's
cash collateral.

             About Upper Valley Commercial Corporation

Upper Valley Commercial Corporation, which runs a lending business
in the Upper Connecticut Valley of New Hampshire, filed a Chapter
11 petition (Bankr. D. N.H. Case No. 13-13110) in Manchester, New
Hampshire, on Dec. 31, 2013.

Upper Valley Commercial Corporation said it is liquidating its
assets after discovering that some of its investment and lending
activities lacked proper licensing by the State of New Hampshire.
The Debtor said it will file a liquidating plan as part of an
agreement with the New Hampshire Banking Department.

The Debtor disclosed $12,782,877 in total assets and $11,584,281
in total liabilities as of the Chapter 11 filing.

The Debtor is represented by attorneys at The Tamposi Law Group,
led by Peter N. Tamposi, Esq., in Nashua, New Hampshire.

No trustee or examiner has been appointed in Debtor's case and no
official statutory committee has yet been appointed or designated
by the U.S. Trustee.


UPPER VALLEY: Jan. 30 Hearing on Request to Incur DIP Financing
---------------------------------------------------------------
The Hon. J. Michael Deasy of the U.S. Bankruptcy Court for the
District of New Hampshire will convene a hearing on Jan. 30, 2014,
at 10:00 a.m., to consider Upper Valley Commercial Corporation's
motion to obtain postpetition financing.

At the hearing, the Court will also consider objections to the
Debtor's financing request.

As reported in the Troubled Company Reporter on Jan. 8, 2014, the
State of New Hampshire objected to the Debtor's motion for
authority to utilize postpetition financing and use cash
collateral, asserting that it may continue to regulate the
Debtor's business through its agencies and under its police and
regulatory powers which are excepted from the automatic stay
pursuant to 11 U.S.C Section 362(b)(4).

The State complained that the borrowing motions do not make
completely clear that by April 2014 the Debtor should have at a
minimum negotiated and proposed a confirmable plan of liquidation,
with an approved disclosure statement.  This, the State asserts,
should be a condition of any orders granting the Borrowing
Motions.

The State, through Ann M. Rice, its deputy attorney general, is
represented by Peter C.L. Roth, Esq., Senior Assistant Attorney
General, Environmental Protection Bureau, in Concord, New
Hampshire.

             About Upper Valley Commercial Corporation

Upper Valley Commercial Corporation, which runs a lending business
in the Upper Connecticut Valley of New Hampshire, filed a Chapter
11 petition (Bankr. D. N.H. Case No. 13-13110) in Manchester, New
Hampshire, on Dec. 31, 2013.

Upper Valley Commercial Corporation said it is liquidating its
assets after discovering that some of its investment and lending
activities lacked proper licensing by the State of New Hampshire.
The Debtor will file a liquidating plan as part of an agreement
with the New Hampshire Banking Department.

The Debtor disclosed $12,782,877 in assets and $11,584,281 in
liabilities as of the Chapter 11 filing.

The Debtor is represented by attorneys at The Tamposi Law Group,
led by Peter N. Tamposi, Esq., in Nashua, New Hampshire.

No trustee or examiner has been appointed in Debtor's case and no
official statutory committee has yet been appointed or designated
by the U.S. Trustee.


VALENCE TECHNOLOGY: Ceases Filing of SEC Reports
------------------------------------------------
Valence Technology, Inc., filed a Form 15 document with the U.S.
Securities and Exchange Commission in December to indicate it is
terminating its duty to file reports with the agency.  Valence
said only one entity holds the Company's Common Stock, $0.001 par
value, as of the certification or notice date.

                    About Valence Technology

Valence Technology, Inc., filed a Chapter 11 petition (Bankr. W.D.
Tex. Case No. 12-11580) on July 12, 2012, in its home-town in
Austin.  Founded in 1989, Valence develops lithium iron magnesium
phosphate rechargeable batteries.  Its products are used in hybrid
and electric vehicles, as well as hybrid boats and Segway personal
transporters.

The Debtor disclosed debt of $82.6 million and assets of
$31.5 million as of March 31, 2012.  The Debtor disclosed
$24,858,325 in assets and $78,520,831 in liabilities as of the
Chapter 11 filing.  Chairman Carl E. Berg and related entities own
44.4 percent of the shares.  ClearBridge Advisors LLC owns 5.5
percent.

Judge Craig A. Gargotta presides over the case.  The Company is
being advised by Sabrina L. Streusand at Streusand, Landon &
Ozburn, LLP with respect to bankruptcy matters.  The petition was
signed by Robert Kanode, CEO.

On Aug. 8, 2012, the U.S. Trustee for Region 7 appointed five
creditors to serve on the Official Committee of Unsecured
Creditors of the Debtor.  Brinkman Portillo Ronk, PC, serves as
its counsel.

In November 2013, Valence Technology won approval of a
reorganization plan that hands ownership of the Company to secured
lender Berg & Berg Enterprises LLC.  The plan, originally filed in
August, has Berg taking the new stock in exchange for $50 million
of the $69.1 million it's owed.  The bankruptcy plan was approved
at a Nov. 13 confirmation hearing.

The other $19.1 million owing to Berg would become a new loan not
paid until after other creditors.  Unsecured creditors are to be
paid in full on their $5.2 million in claims, with half on
emergence from bankruptcy and the remaining half one year later.


VILLAGE AT KNAPP'S: FCB, et al. Oppose Approval of Plan Outline
---------------------------------------------------------------
First Community Bank and two other creditors of The Village at
Knapp's Crossing, LLC filed objections to the company's disclosure
statement, which explains its proposed plan to exit Chapter 11
protection.

First Community Bank questioned the proposed treatment of its
claim under the plan, saying it proposes to pay the bank less than
the amount of its claim and "less than the present value" of the
properties securing its claim.

The bank holds a claim against the company, which is secured by a
first lien on real properties located in Michigan.

The disclosure statement also drew flak from Comerica Bank and
International Bank of Chicago.  Both criticized the company for
not providing its creditors with enough information.

Comerica Bank criticized in particular the lack of information
concerning the company's development project while the other bank
complained about the omission of what it considers important
information from the disclosure statement, including  its $4
million loan which is secured by the company's real properties.

FCB is represented by:

         Thomas G. King, Esq.
         KREIS, ENDERLE, HUDGINS & BORSOS, P.C.
         One Moorsbridge Road; PO Box 4010
         Kalamazoo, Michigan 49003-4010
         Tel: (269) 324-3000
         E-mail: tking@KreisEnderle.com

Comerica Bank is represented by:

         Steven A. Roach, Esq.
         MILLER, CANFIELD, PADDOCK AND STONE, P.L.C.
         150 West Jefferson, Suite 2500
         Detroit, MI 48226
         Tel: (313) 496-7933
         Fax: (313) 496-8452
         E-mail: roach@millercanfield.com

IBC is represented by:

         William J. Barrett, Esq.
         Robert D. Nachman, Esq.
         BARACK FERRAZZANO KIRSCHBAUM & NAGELBERG LLP
         200 West Madison Street, Suite 3900
         Chicago, IL 60606
         Tel: (312) 629-5175
         E-mail: william.barrett@bfkn.com
                 robert.nachman@bfkn.com

                -- and --

         Melissa C. Brown, Esq.
         DYKEMA GOSSETT PLLC
         300 Ottawa Avenue, N.W., Suite 700
         Grand Rapids, MI 49503-2306
         Tel: (616) 776-7566
         E-mail: mbrown@dykema.com

               About The Village at Knapp's Crossing

The Village at Knapp's Crossing, L.L.C. in Grand Rapids, Michigan,
filed for Chapter 11 (Bankr. W.D. Mich. Case No. 13-06094) on
July 25, 2013.  Judge Scott W. Dales presides over the case.

The Debtor has scheduled $65,109,523 in total assets and
$7,419,217 in total liabilities.  The petition was signed by
Steven D. Benner, managing member on behalf of S.D. Benner, sole
member.

Lawyers at Tishkoff & Associates PLLC, led by William G. Tishkoff,
Esq., serve as the Debtor's counsel.  John S. Huizinga CPA serves
as accountants.

In November 2013, Daniel M. McDermott, U.S. Trustee for Region 9,
dropped his bid to convert the Debtor's Chapter 11 case to one
under Chapter 7 of the Bankruptcy Code.

In December 2013, the Debtor filed a plan of reorganization that
proposes to repay claims from funds generated by continued
operations and the possible sale of certain properties of the
Debtor.  A copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/Village_At_Knapps_DS.pdf

The U.S. Trustee and creditor First Community Bank filed
objections to the Plan.  The Court will convene a hearing Jan. 15,
2014, at 2:00 p.m., to consider the adequacy of information in the
Disclosure Statement explaining the Debtor's Plan.

FCB is represented by Thomas G. King, Esq., at Kreis, Enderle,
Hudgins & Borsos, P.C.


VISUALANT INC: Borrows $200,000 From CEO
----------------------------------------
Visualant, Inc., entered into a Demand Promissory Note with Ronald
P. Erickson, the Company's chief executive officer or entities in
which Mr. Erickson has a beneficial interest, for $200,000.  The
Note provides for interest of 3 percent per annum and is due
March 31, 2014.  A copy of the Demand Promissory Note dated Jan.
10, 2014, by and between Visualant, Inc., and J3E2A2Z LP, an
entity affiliated with Ronald P. Erickson is available for free
at:

                         http://is.gd/CZQRK2

                         About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $6.60 million for the year ended
Sept. 30, 2013, as compared with a net loss of $2.72 million for
the year ended Sept. 30, 2012.  As of Sept. 30, 2013, the Company
had $4.62 million in total assets, $7.38 million in total
liabilities, a $2.80 million total stockholders' deficit, and
$49,070 in noncontrolling interest.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company has sustained a net loss from operations and has
an accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


WHEATLAND MARKETPLACE: Jan. 28 Hearing on Bid to Use Cash
---------------------------------------------------------
A continued hearing on Wheatland Marketplace, LLC's motion to use
cash collateral is set for Jan. 28, 2014, at 10:30 a.m. at
Courtroom 644 219 South Dearborn, Chicago, IL, 60604.

Wheatland Marketplace, LLC, owner of a commercial retail center in
Naperville, Illinois, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ill. Case No. 13-46492) in Chicago on Dec. 3, 2013.
The Debtor has tapped Thomas W. Toolis, Esq., at Jahnke, Sullivan
& Toolis, LLC, in Frankfurt, Illinois, as counsel.  Coleen J.
Lehman Trust and Lucy Koroluk each holds a 50% membership interest
in the Debtor.


* Sands & Associates Releases Second Annual BC Consumer Debt Study
------------------------------------------------------------------
Sands & Associates, BC's largest firm of licensed Trustees in
bankruptcy and consumer proposal administrators, on Jan. 20
released results of a study offering insight into BC's soaring
consumer debt levels.  As part of the second annual BC Consumer
Debt Study, the 2013 report profiles trends and key information
regarding the non-mortgage debt of British Columbians,
specifically focused on markets throughout Vancouver and the
Fraser Valley.

The study by Sands & Associates is the only BC-specific study to
gather and analyze responses from more than 1,000 debtors
throughout the province to better understand the factors pushing
the population towards insolvency.

The 2013 BC Consumer Debt Study was conducted as a comparative
look at consumer debt levels, causes of insolvency, and financial
outlooks across three different generations of British Columbia's
in-debt population. Study participants included debtors aged 30
and under ("Youth Generation"); debtors between the ages of 31 and
54 ("Mid-Life/Sandwich Generation"); and debtors aged 55 and older
("Pre-Retirement and Retirement Generation").

Results from the 2013 BC Consumer Debt Study highlighted the
following trends:

        --  An equal number of men and women struggle with debt -
but the amount of debt increases drastically after the age of 40.
        --  BC consumers ages 31-54 hold the largest proportion of
debt loads in the province.
        --  Overextension of credit and unexpected expenses were
the leading financial contributor to consumer debt.
        --  46.6% of 31-54 year olds attempted to remedy their
situation by working longer hours or an extra job before seeking
help from a licensed Trustee.
        --  Nearly 50% of Youth Debtors (widely criticized as
entitled and self-indulgent) noted that they are holding off on
major life events and would even consider a move out of province
if it meant better earning opportunities to improve their
financial situation.

Blair Mantin, VP of Sands & Associates adds, "There are greater
issues at play here.  While BC undoubtedly has a higher cost of
living and earning opportunities that can't compete with Alberta -
consumers are falling short.  They are missing essential financial
life skills to manage their credit and save.  This study shows
that even after credit reaches unmanageable levels, most attempt
to remedy the issue themselves -- often pushing them closer to
insolvency."

Mr. Mantin advises those struggling with debt to speak with a
Trustee for a free and confidential assessment of their available
options.  To determine your financial risk, simply calculate total
non-mortgage debt and divide it by your monthly income (after tax,
cash take-home pay).  If debts are more than five times the
monthly income, you are considered at-risk.

                      About Sands & Associates:

Sands & Associates -- http://www.sands-trustee.com-- is British
Columbia's largest firm of licensed Proposal Administrators and
Bankruptcy Trustees focused exclusively on personal and small-
business insolvency services.  Operating from 11 offices in the
Lower Mainland, Sands & Associates uses a non-judgmental,
empathetic approach to helping resolve financial difficulties.


* Public Companies Face More Class Actions Despite Higher Hurdles
-----------------------------------------------------------------
Jacob Gershman, writing for The Wall Street Journal, reported that
nearly two decades ago, Congress overhauled rules governing
securities class action lawsuits, making it more difficult for
plaintiffs lawyers to pursue claims against publicly listed
companies.  But chances are higher that companies will face such
lawsuits, according to a new litigation analysis by NERA Economic
Consulting.

The report released on Jan. 21 found that the number of securities
class action lawsuits filed in federal courts against publicly
listed companies grew by 10% in 2013 compared to 2012, according
to the Journal.  The 234 total for 2013 was the highest annual
figure since 2008. But taking into account the shrinking pool of
companies listed on major U.S. exchanges, the trend is starker,
the report says.

"Over the 1996-2013 period, the number of publicly listed
companies in the US decreased substantially," the report says, the
Journal cited. Combined with the number of lawsuits filed, "the
implication of this decline is that an average company listed in
the US was 83% more likely to be the target of a securities class
action in 2013 than in the first five years after the passage of
the [Private Securities Litigation Reform Act of 1995].

Kevin LaCroix, an attorney, says the analysis reveals an
interesting trend.  "You don't know everything you need to know by
just looking at the absolute numbers," he told the Journal.  "The
rate of litigation is actually up quite a bit."

Mr. LaCroix said lawsuits challenging proposed corporate mergers
since 2010 are helping to drive up that rate, the Journal further
related.


* AlixPartners Promotes 11 to Managing Director, 35 to Director
---------------------------------------------------------------
AlixPartners, the global business advisory firm, on Jan. 20
announced the promotions of 11 professionals to managing director
and 35 professionals to director.  The appointments were effective
Jan. 1.

"AlixPartners is promoting substantially more professionals to
these senior roles than we did at this time a year ago, which is a
testament to our commitment to our people's careers, to the
continued growth of our firm and, last but certainly not least, to
the exceptional talent and hard work of these outstanding
individuals," said Fred Crawford, chief executive officer of
AlixPartners.  "AlixPartners stands apart in the industry for
itsresults-oriented practitioners, and all of these professionals
have distinguished themselves for the results they have brought,
and will continue to bring, to clients around the world."

All promotions are listed below, by office location, starting with
the 11 promoted to managing director:

Dallas

Bill Ebanks, promoted to managing director in AlixPartners'
Enterprise Improvement group, began his career as an oil-and-gas
operations engineer at Tenneco Inc.'s Tenneco Oil Exploration and
Production unit and went on to hold positions at Hewlett-Packard
Co. before leading strategy, operations and organizational-design
engagements as a senior engagement manager at McKinsey & Company.
Since joining AlixPartners in 2007, Mr. Ebanks has earned a
reputation for his broad consulting skills, sharp business
insights and strong leadership, as well as being recognized for
his deep expertise in oil and gas as a core member of
AlixPartners' Energy Practice -- which has seen strong growth in
recent years.  He has a track record of delivering highly
successful service to clients, which include many big names in the
energy space, and also of undertaking research of great interest
and use to clients.

Mr. Ebanks holds a MBA from Rice University in Houston and a
bachelor's degree in petroleum engineering from the University of
Texas in Austin.

Detroit

Mark Wakefield, promoted to managing director in AlixPartners'
Enterprise Improvement group, has earned a reputation as an
automotive industry expert and trusted advisor in that space in
product planning, supply chain, manufacturing, marketing, auto
finance and the aftermarket.  Now also leader of the firm's
Automotive Practice in North America, he joined AlixPartners in
2006 and has consulted for many of the largest automakers and auto
suppliers in the world.  Prior, his career included consulting at
McKinsey & Company, engineering and program-management positions
at Magna International Inc. and business development at HSBC
Finance Corp.  Known for his creative thinking and intellectual
rigor, Mr. Wakefield in 2012 was a recipient of an AlixPartners
"Achievements in Excellence Award."

Mr. Wakefield has a MBA from the Wharton School at the University
of Pennsylvaniaand a bachelor's degree in mechanical engineering
from Queen's University in Kingston, Ontario.

Los Angeles

William Choi, promoted to managing director in AlixPartners'
Financial Advisory Services group, specializes in the application
of economic theory and quantitative methods.  He has served as the
principal consultant on complex financial and statistical matters
on behalf of large governmental agencies and Fortune 500
companies.  He also is an experienced and skillful expert witness,
having testified on numerous occasions related to intellectual-
property damages, finance, market structures and statistical
methods.  He joined AlixPartners in 2005, from Econ One Research
Inc.  During his distinguished career, he has been published in
economics and law journals; has presented at many outside
organizations, including the American Bar Association and the
Licensing Executives Society; and taught economics courses at Duke
University.

Mr. Choi holds a Ph.D. in economics from Duke University, a
master's degree in economics from Duke, a master's in business
economics from the University of California at Santa Barbara and a
bachelor's degree in economics from the University of California
at Riverside.

Milan

Andrea Alghisi, promoted to managing director in AlixPartners'
Enterprise Improvement group, is recognized for his exceptional
client service in the everything from turnaround to performance
improvement to growth, particularly involving large and complex
engagements where his clients have included some of Europe's
biggest names.  He has more than 20 years of experience in leading
programs in the automotive, industrial-goods, retail and consumer-
products industries.   Prior to joining AlixPartners in 2003, his
career included serving for three years as interim CEO of a large
Italian pet-food retailer, leading a turnaround.  Before that, he
worked at Boston Consulting Group after beginning his career as a
mechanical engineer with Fiat Group SpA.  Since joining
AlixPartners, he has been a key contributor to the growth of the
firm's practices in Europe and globally.  In recognition of his
important contributions to the infrastructure growth of the firm
over his tenure, in 2012 he received an AlixPartners "Founders
Award."

Mr. Alghisi has a MBA from SDA Bocconi School of Management at
Bocconi University in Milan and a bachelor's degree in mechanical
engineering from the Polytechnic University of Turin (Politecnico
Di Torino) in Turin.  He is currently a visiting professor of
strategic entrepreneurship and member of a development committee
at the business school ESCP Europe.

Giacomo Mori, promoted to managing director in AlixPartners'
Enterprise Improvement group,has an impressive track record of
leading complex international assignments requiringdeep functional
expertise, particularly in automotive, aerospace and industrial
goods.  He is also a procurement expert, and last year was
appointed co-leader of AlixPartners' Procurement Practice in
Europe.  His client work includes consulting to global automakers,
global equipment companies and many others.  He joined the firm
after more than 10 years of consultancy and industry expertise in
the automotive, aerospace and industrial-goods sectors.  Prior to
joining AlixPartners, in 2003, he led several European and North
American engagements as a senior manager and automotive project
leader at A.T. Kearney.  Before that, he held positions at Fiat
Auto SpAin multiple departments, including manufacturing, quality,
product development and strategic marketing.

Mr. Mori has a bachelor's degree in mechanical and naval
engineering from the University of Genoain Liguria, Italy, and
completed the executive program on business economics at the ISVOR
Fiat School of Management in Milan.

Munich

Michael Dorn, promoted to managing director in AlixPartners'
Turnaround & Restructuring Services group, is a deeply experienced
turnaround and restructuring expert, known for his success in
complex interim-management roles and in operational turnaround as
well.  He is adept at working through difficult business issues
and dealing with complicated stakeholder concerns, and his
expertise also includes issues surrounding union negotiations and
headcount reductions under complex German and European labor laws.
Dorn joined AlixPartners in 2012.  Prior to that, he served as
both chief restructuring officer and chief operating officer at
both PrimaCom AG and Tele Columbus GmbH, successfully managing the
financial and operational restructuring of those companies.  Other
previous employers include Axel Springer AG and Roland Berger
Strategy Consultants.

Mr. Dorn holds a MBA (diplom-kaufmann) from the Leipzig School of
Management in Leipzig, Germany, and has also studied at the
WHU-Otto Beisheim School of Management in Koblenz, Germany, and at
the University of Victoria in Victoria, Canada.

Jens Haas, promoted to managing director in AlixPartners'
Turnaround & Restructuring Services group, has extensive expertise
in managing complex, multi-dimensional and cross-functional
projects, be they restructuring, performance-improvement or large-
scale transformation programs.  He is a recognized expert in
automotive and is co-leader of AlixPartners' Automotive Practice
in Germany.  His clients include some of the biggest auto
companies in the world, as well as leading companies in various
other industries.  Prior to joining AlixPartners in 2005, he
worked at McKinsey & Company and, before that, at Roland Berger
Strategy Consultants.  At both firms, he was responsible for
projects in the automotive and turnaround-and-restructuring
practices.  In 2011, he was a recipient of an AlixPartners
"Achievements in Excellence Award," in recognition of his
outstanding performance and initiative.

Haas holds a MBA (diplom-kaufmann) from the University of
Tubingenin Tubingen, Germany, and has also studied at San
Francisco State University.

New York

Vineet Sehgal, promoted to managing director in AlixPartners'
Information Management Services group, is a data-analytics expert
skilled at helping clients leverage analytics and electronic
discovery in financial investigations, and in forensic and
litigation situations.

He has deep experience in systems analysis and reporting,
financial-data modeling and analysis, database planning and
design, and overall project management.  He also has extensive
experience in managing high-profile corporate litigation and
investigation projects.  His client assignments have been among
the most critical, including key roles in AlixPartners' support of
the U.S. Trustee in the liquidation of Bernard L. Madoff
Investment Securities LLC, including the distribution of billions
of dollars to claimants.  Mr. Sehgal has more than 15 years of
experience in data analytics, and prior to joining AlixPartners in
2007, held positions of increasing responsibility at the
consultancy Deloitte.  He was a recipient of an AlixPartners
"Achievements in Excellence Award" in 2013, which cited his strong
leadership and relationship-building skills.

Mr. Sehgal holds a master's degree in information systems and a
bachelor's degree in finance, both from Pace University in metro
New York.

Paris

Nicolas Beaugrand, promoted to managing director in AlixPartners'
Enterprise Improvement group, offers to his clients a broad set of
skills that include functional expertise in operations,
engineering, aerospace program management and other areas.  He has
consistently delivered superior client service in such industries
as automotive, aerospace and defense, and transportation, and the
clients for which he's worked include many top names in those
industries and others, including Mecachrome SAS, which was named
"Turnaround of the Year 2012" by the French turnaround association
ARE (Association pour le Retournement des  Entreprises).
Mr. Beaugrand joined AlixPartners in 2007 from A.T. Kearney.

Mr. Beaugrand is a graduate from the French Ecole Polytechnique,
and has a master's degree in engineering from the Ecole des Mines
de Paris (Mines Paris Tech) in Paris, and he also completed a
post-graduate business administration program through the
University of Michigan.

Amir Hosseini, promoted to managing director in AlixPartners'
Information Management Services group, boasts 25 years of IT
experience in both the consulting and corporate worlds, and is
well known for both his technical abilities and outstanding
delivery of services to clients -- which include companies in many
industries.  He is also now in charge of the IT practice for
AlixPartners' Paris office.  Since joining AlixPartners in 2006,
he has, among other successful assignments, served as interim CIO
for clients in crisis situations.  Before AlixPartners, he was a
board member and managing director at IDS Scheer-Western Europe,
and held positions of responsibility at Ernst & Young in Atlanta,
Mars Inc.'s Masterfoods Europe division and KPMG Peat Marwick in
Paris and London.

Mr. Hosseini holds a MBA from the business school INSEAD in
Fontainebleau, France, a master's degree in information technology
from SKEMA Business School in Sophia Antipolis, France, and a
master's degree in electrical engineering from the Ecole Speciale
des Travaux Publicsin Paris.

Florent Maisonneuve, promoted to managing director in
AlixPartners' Enterprise Improvement group, is known for both his
strategy expertise and strong functional operations capabilities
in sourcing, complex cost reduction, manufacturing, and support
and services.  He joined AlixPartners in 2006, and has worked in
multiple industries including oil and gas, aerospace and defense,
and automotive, working on engagements for many well-known
companies.  Prior to AlixPartners, he was a manager at A.T.
Kearney, where hiswork included consulting in the area of
manufacturing engineering.

Mr. Maisonneuve holds a master's degree in engineering from Ecole
CentraleParis in Paris and another master's in engineering from
the Technical University of Munich (Technische Universitat
Menschen) and he also completed a post-graduate business
administration program through the University of Michigan.

The 35 AlixPartners professionals promoted to director are, by
office location:

Chicago

Ryan Graham, Enterprise Improvement group
Andrew Gust, Financial Advisory Services group
Josh Knauff, Enterprise Improvement group
Darren Morrison, Enterprise Improvement group

Dallas

Sundaram Chokkalingam, Enterprise Improvement group
Kyle Elam, Financial Advisory Services group
Steven Fratus, Information Management Services group
Brian Johns, Information Management Services group
Myles McCormack, Financial Advisory Services group
Kyle Nelson, Information Management Services group
Timothy Rosolio, Information Management Services group

Detroit

Dan Hearsch, Enterprise Improvement group
Jason King, Enterprise Improvement group

Hong Kong

Baljinder Singh, Financial Advisory Services group

London

Natalie Butcher, Information Management Services group
Olaf Geretzki, Turnaround & Restructuring Services group
Bhaskar Neppalli, Enterprise Improvement group
Bjoern Velden, Enterprise Improvement group

Munich

Nils Wemhoener, Enterprise Improvement group

New York

Chris Brown, Financial Advisory Services group
James Hogarth, Turnaround & Restructuring Services group
Sonia Lapinsky, Enterprise Improvement group
Rob Mastrigli, Enterprise Improvement group
Silvio Palumbo, Information Management Services group
Noam Paransky, Enterprise Improvement group
Spencer Ware, Turnaround & Restructuring Services group

Paris

Julien Charlier, Enterprise Improvement group
Nicolas Harmouche, Turnaround & Restructuring Services group
Cecilia Mattson, Enterprise Improvement group
Julien Nathan, Enterprise Improvement group

San Francisco

Michael Chang, Enterprise Improvement group
Jonathan Greenway, Enterprise Improvement group
Scott Jones, Information Management Services group
Chris Pocek, Information Management Services group

Shanghai

Qian Xu, Enterprise Improvement group

                        About AlixPartners

AlixPartners -- http://www.alixpartners.com-- is a global
business advisory firm of results-oriented professionals who
specialize in creating value and restoring performance at every
stage of the business lifecycle.  The firm's expertise covers a
wide range of businesses and industries whether they are healthy,
challenged or distressed.  Since 1981, the firm has taken a
unique, small-team, action-oriented approach to helping corporate
boards and management, law firms, investment banks and investors
respond to critical business issues.


* Dennis Dunne Named Honorary Chair of Michael Lynch Dinner
-----------------------------------------------------------
The Michael Lynch Memorial Foundation, a scholarship program that
to date has raised more than $3.5 million to provide college
scholarships to 137 children of firefighters and victims of the
September 11 attacks and other fires and disasters, on Jan. 21
announced that Dennis Dunne, a partner in the New York office of
global law firm Milbank, Tweed, Hadley & McCloy, has been named
Honorary Chair of the Foundation's twelfth annual dinner.  The
event is scheduled to be held on Monday, March 31, 2014 at Pier 60
at Chelsea Piers in Manhattan.

The Michael Lynch Memorial Foundation began in response to a
terrible tragedy -- the loss of Michael Lynch, a son, brother,
fiance, uncle and New York City firefighter who sacrificed his own
life on September 11 in an effort to save others.  Facing the
ultimate loss, the Lynch family saw an opportunity to help finance
the education of young people as a living tribute to the human
spirit and the family's collective resolve to respond to adversity
with courage, strength, compassion and hope.  The goal of the
Foundation is to provide the means to help change the world, one
person at a time, by helping the students of today become
tomorrow's stewards of peace and freedom.

"It is an honor and a privilege to be selected as this year's
Honorary Chair of the Foundation's annual dinner," Mr. Dunne said.
"Since its founding, the Michael Lynch Memorial Foundation has
provided well-deserved recognition, encouragement and financial
support to numerous students and their families, including dozens
directly impacted by the terrible events of September 11, 2001.  I
am thrilled to have the opportunity to help raise funds and
awareness for such an admirable cause."

"I am delighted that Dennis will serve as the Honorary Chair for
the 2014 dinner," said Jonathan Henes, a Partner at Kirkland &
Ellis and member of the Foundation's Board of Directors.  "His
commitment exemplifies the strong support the Foundation has
continued to receive from the restructuring and financial
community for many years, and by taking on this role he reinforces
that important bond."

A distinguished restructuring practitioner, author and speaker,
Mr. Dunne is a member of Milbank's Global Executive Committee and
the Practice Group Leader of the firm's Financial Restructuring
Group.  He has extensive experience representing debtors and
creditors in reorganization cases and out-of-court workouts,
including exchange and tender offers, as well as acquirors of
financially distressed companies and board of directors of public
and private companies.  His engagements range across a wide array
of industries, including automotive, airline, apparel, cable and
broadcasting, chemical, gaming, pharmaceutical, and many others.
Recently, he led the firm's engagement for the official committee
of unsecured creditors of Lehman Brothers, Kodak, Arcapita, Winn
Dixie and A&P; and he has played a significant role in a number of
high profile Chapter 11 cases.  He also regularly represents and
advises a number of private equity firms with respect to their
portfolio companies.

Mr. Dunne received his law degree from New York University School
of Law, where he was a Galgay Fellow in Bankruptcy, and received
his undergraduate degree from Williams College. He is a Fellow of
the American College of Bankruptcy.  He is currently listed in
Chambers Global, Chambers USA, The World's leading Lawyers for
Business, Lawdragon 500, The Best Lawyers in America, and
Turnaround and Workouts Top Restructuring Lawyers of 2008 and
2009, and K&A Register of the Leading Bankruptcy Advisors.

"My family and I want to thank Dennis for serving as the
chairperson of this year's dinner," said John Lynch, President of
the Michael Lynch Memorial Foundation.  "With a very successful
professional career and a history of philanthropic and civic
involvement, Dennis is truly an inspiration for our current and
future scholarship recipients."


* Herrick Feinstein Appoints New Department Chairs & Co-Chairs
--------------------------------------------------------------
Herrick, Feinstein LLP on Jan. 21 announced the appointment of new
chairs and co-chairs of the firm's Litigation, Real Estate, and
Corporate Departments.

"Our newly-appointed chairs and co-chairs are exceptional lawyers
and well-respected leaders -- both here at Herrick, within their
respective practice areas, and in the legal and business
communities-at-large," said Irwin A. Kishner, chairman of
Herrick's Executive Committee.  "We are also pleased to now have
two women partners in senior leadership positions, which is a
reflection of our strong and continuing commitment to diversity in
the workplace."

Therese M. Doherty focuses her practice on derivatives, futures
and securities in civil litigations and regulatory enforcement
proceedings.  Ranked as one of the country's leading securities
litigators by U.S. Legal 500, Therese regularly defends and
advises some of the world's largest broker-dealers, futures
commission merchants, and global financial institutions in complex
claims of fraud, violations of commodities and securities laws,
RICO violations, and accounting improprieties.  She has more than
25 years of federal and state court trial experience, and
significant experience representing clients in different
arbitration forums, including FINRA, the NFA and various commodity
and security exchanges.

Belinda G. Schwartz has more than 30 years of experience advising
major corporations, developers, funds, lenders, and prominent
family-owned real estate organizations in a wide range of
sophisticated commercial real estate transactions.  Ms. Schwartz
has twice been named a "Woman of Influence" by Real Estate Forum.
She is also a winner of REBNY's 2007 Most Ingenious Deal of the
Year award, for her work on one of the most complex land
assemblages in the history of Manhattan -- one which led to the
creation of the largest new synagogue in Manhattan since 1927.

Stephen D. Brodie has more than 35 years of experience
representing financial institutions in commercial and private bank
lending transactions, and in workout and restructuring matters.
He also works closely with Herrick's world-renowned Art Law Group
to advise banks, niche lenders, and borrowers in loans which use
fine art as collateral, advise banks on credit policies for art
loans, and represent clients in art consignments and private art
transactions.

                  About Herrick, Feinstein LLP

Founded in 1928, Herrick, Feinstein LLP is a prominent 160-lawyer
firm providing a full range of legal services, including real
estate, art law, bankruptcy and business reorganization,
commercial litigation, corporate law, employment law, government
relations, insurance, intellectual property, sports law, and tax
and personal planning.  Headquartered in New York City, Herrick
also has offices in Newark, Princeton, Washington D.C. and
Istanbul, Turkey.


* Michael Brosse Joins Lowenstein Sandler's Corporate Department
----------------------------------------------------------------
Lowenstein Sandler LLP is further bolstering its fast-growing
private equity and mergers and acquisitions practices with the
addition of private equity M&A lawyer Michael A. Brosse as a
partner of the firm in its Corporate Department.  Mr. Brosse joins
Lowenstein Sandler'sNew York office from Kirkland & Ellis LLP,
where he has been a partner since 2000.  His arrival follows a
year in which Lowenstein Sandler experienced explosive growth in
its M&A and corporate securities practices, representing financial
sponsors, funds and public and private companies.

"The addition of Michael Brosse advances our firm's strategy of
continuously broadening and deepening the services that we provide
to our rapidly growing list of investment fund clients," said
Gary M. Wingens, Lowenstein Sandler's chairman and managing
partner.

"Mike's client service focus is a perfect fit with our culture and
his vast experience with middle-market M&A transactions adds
strength to our practice at a very busy time," said
Marita Makinen, chair of Lowenstein Sandler's M&A practice.
Ms. Makinen joined Lowenstein Sandler in 2011 from Weil, Gotshal &
Manges, where she had been a partner since 2001.

Mr. Brosse represents private equity and venture capital funds in
a wide variety of transactions, including leveraged buyouts,
mergers, stock and asset acquisitions, private equity investments,
corporate restructuring, and fund formation activities.

Among other high-profile matters, Mr. Brosse represented:

    Pamplona Capital Management in connection with its $1.4
billion acquisition of Coinmach Services Corp. and Air-serv Group
LLC.

    CSC ServiceWorks in connection with its $584 million
acquisition of Mac-Gray Corporation

"Lowenstein Sandler has an exceptionally strong and well-known
platform for middle-market M&A work," said Mr. Brosse.  "I'm
delighted to have the opportunity to focus more on this exciting
and busy area and help Lowenstein continue to expand its
practice."

Mr. Brosse earned his J.D. cum laude from University of Michigan
School of Law, and his B.A. magna cum laude from Duke University.

                    About Lowenstein Sandler

Lowenstein Sandler is a provider of transactional, litigation, and
bankruptcy and creditors' rights legal services to many of the
country's top companies and funds.  It has close to 300 lawyers in
its New York, New Jersey and California offices.


* Roetzel Partner Paul Giordano Takes Over as CCA President
-----------------------------------------------------------
Roetzel on Jan. 20 disclosed that Paul A. Giordano, a partner in
the firm's Fort Myers office, is set to take over as President of
the Coastal Conservation Association of Florida (CCA) on
January 25, 2014.

The CCA has as its objective the conservation, promotion and
enhancement of both the present and future availability of
Florida's coastal resources for the benefit and enjoyment of the
general public.  Among other activities, the CCA is engaged in
hundreds of local, state and national projects.  It initiates
scientific studies, funds marine-science scholarships, monitors
the quality and quantity of freshwater inflows and supports local
marine law enforcement.

Through broad-based recreational angler support; a strong legal
and legislative presence; decades of experience; and an unwavering
vision for the future of U.S. and global marine resources, CCA
battles for the sustainable health of our coastal fisheries and
for recreational anglers' interests.

"I am honored and humbled by the opportunity to serve as President
of the Coastal Conservation Association Florida for the coming
year," said Mr. Giordano.  "I look forward to seeing to it that
CCA's initiatives continue to move forward to protect Florida's
marine resources for the State's recreational anglers and divers."

Mr. Giordano handles a variety of business and commercial
litigation, with a special focus on bankruptcy and creditors'
rights, partnership disputes, commercial foreclosures, contract
and corporate disputes, and general and professional liability
lawsuits.  He also has experience in insurance coverage
litigation, and jury and non-jury trial practice.  Mr. Giordano
earned his J.D. from the University of Florida Levin College of
Law and his undergraduate degree from the University of Florida.

                          About Roetzel

Roetzel -- http://ralaw.com-- is a full-service law firm with
more than 200 attorneys in offices located throughout Ohio and
Florida and in Chicago, New York and Washington, D.C.  The firm
provides comprehensive legal services to national and
international corporations, closely held and family-run
businesses, institutions, organizations and individuals.


* United Nations Honors Family of Parker Ibrahim's Joe Lemkin
-------------------------------------------------------------
The family of Joseph H. Lemkin, partner at the New Jersey law firm
of Parker Ibrahim & Berg, was honored last month at the United
Nations during the commemoration of the 65th Anniversary of the
Genocide Convention that paid tribute to Raphael Lemkin, an
international attorney who coined the word "genocide" and who has
been recognized as being primarily responsible for the creation of
the UN Convention for the Prevention and Punishment of the Crime
of Genocide.

"What Raphael Lemkin did was incredible -- to persevere until
genocide was made into a palpable crime that can be prosecuted,"
said Joseph Lemkin, who is second cousin to Raphael.  "For the
family, it was deeply meaningful to witness this event led by
United Nations Secretary-General Ban Ki-moon, who was represented
by Deputy Secretary-General Jan Eliasson."

Raphael Lemkin was born in Poland and escaped to the U.S. ahead of
the Nazi occupation.  His cousin Daniel, Joseph's father, was
conscripted into the Russian army and survived World War II, but
the rest of the Lemkin family in Poland perished in the Nazi
concentration camps or died in the resistance movement.

"My father told me of Raphael's trips to Washington, D.C., having
spent all of his money and being shunned by many," said Joseph.
"But his legacy lives on, as one of the initial acts of the first-
ever United Nations General Assembly was to adopt the convention
that Raphael Lemkin had been promoting."

Joseph Lemkin currently serves as chairman of Parker Ibrahim &
Berg's bankruptcy practice group.  He is admitted to practice in
New Jersey and New York and is a member of the New Jersey State
Bar Association, the New York State Bar Association and the
American Bankruptcy Institute.  Mr. Lemkin is a graduate of
Hofstra University School of Law, where he was awarded the Charles
Falabella Labor Studies Award, and received his BA degree from
Rutgers College.

Parker Ibrahim & Berg -- http://www.piblaw.com-- represents a
wide array of corporate clients, including Fortune 500 companies,
national banks, retailers, reinsurers, mortgage lenders and
financial services companies.  Its practice areas include mortgage
banking, bankruptcy, commercial litigation, reinsurance/insurance,
regulatory consulting, regulatory enforcement, consumer finance,
fair lending, and corporate transactional matters.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.


                            *********

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 by e-mail.

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 the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

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.

                           *********

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, 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 2014.  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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