TCR_Public/140219.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, February 19, 2014, Vol. 18, No. 49


                            Headlines

710 LONG RIDGE: HealthBridge May Be Off Hook for Contempt Charge
8TH STREET: Voluntary Chapter 11 Case Summary
ABITIBIBOWATER INC: USW Paper Workers Ratify Master Agreement
ADVANTA CORP: KPMG, Former Execs Pay $3.5M to Exit Investor Suit
BELLE FOODS: Has Deal With AWG on Disbursements

BERGENFIELD SENIOR: Wins Approval of Second Amended Plan
BETSEY JOHNSON: Plan Confirmation Hearing on April 8
BUFFET PARTNERS: Taps James W. Sargent as Finance Counsel
BUFFET PARTNERS: Employs Bridgepoint as Financial Advisor
CASA GRANDE: DoJ Watchdog Calls for PCO Appointment

CASA GRANDE: Seeks to Pay Physicians & Care Providers
CASA GRANDE: Proposes to Pay Critical Vendor Claims
CEREPLAST INC: Secured Lender Wants Case Converted to Ch. 7
CLEAR CREEK: Case Summary & 15 Largest Unsecured Creditors
COMMERCIAL MANAGEMENT: Chapter 11 Case Dismissed

CONSTAR INTERNATIONAL: PBGC Covers Most of Pension Plan Shortfall
COUNTRYWIDE FIN'L: AIG Seeks Delay in $8.5B Bank of America Deal
DESIGNLINE CORP: Ch.11 Trustee to Sell Equipment to Wonderland
DETROIT, MI: Governor's Budget Includes Money for Pensions
DETROIT, MI: Eligibility Appeal Is Being Accelerated

DUNLAP OIL: Wants to Sell Hotel Property Through Private Auction
EDGENET INC: U.S. Trustee Unable to Form Committee
EDGENET INC: Has Court's Nod to Hire Klehr Harrison as Counsel
EDGENET INC: Has Court Okay to Hire Phase Eleven as Claims Agent
EDISON MISSION: Settlement with Homer City Retirees Approved

EDISON MISSION: Retirees Drop Bid for Committee Appointment
EWGS INTERMEDIARY: EFA Opposes Extension of Lease Decision Period
EWGS INTERMEDIARY: Creditors' Panel Wins Approval to Hire PwC
F & H ACQUISITION: Court Okays Hilco as Real Estate Consultant
F & H ACQUISITION: Has OK for Imperial as Financial Advisor

FIELD FAMILY: Can Use Cash Collateral Until Plan Effective Date
FIELD FAMILY: Amended Plan Effective Date Extended Until Feb. 28
FISKER AUTOMOTIVE: Court Approves Asset Sale of Assets to Wanxiang
FLORIDA GAMING: Miami Jai-Alai Knocks out $37-Mil. Secured Claim
FOX AND HOUND: Claims Bar Date Set for June 13

FREEDOM INDUSTRIES: Wants to Fast-track Bankruptcy Process
FREEDOM INDUSTRIES: McGuireWoods Can Represent Company for Now
FURNITURE BRANDS: Dimensional Fund No Longer Owns Shares
GENERAL MOTORS: Secures Aluminum for Trucks
GINGRICH GROUP: Think Tank Hits Ex-CEO With Clawback Suit

HAAS ENVIRONMENTAL: Hires Guida Realty as Real Estate Broker
HAAS ENVIRONMENTAL: Wants to Sell Inventory to Anadarko Petroleum
HOLT DEVELOPMENT: Cash Use Hearing Continued Until Confirmation
HOWREY LLP: Ruling May Curb Mobility of Attys at Struggling Firms
HOUSTON REGIONAL: Owes $27-Mil. Each to Astros, Rockets

IN PLAY MEMBERSHIP: Wells' Confirmation Objection Premature
INT'L CUISINE: Case Summary & 20 Top Unsecured Creditors
INT'L ENVIRONMENTAL: Bank Loan Maturity Extended Until June 30
INTERNATIONAL FOREIGN: Plan Filing Extension Hearing on Feb. 27
INTERNATIONAL FOREIGN: Wants CDG Group as Restructuring Advisor

INVESTORS CAPITAL: Case Dismissal Hearing Continued Until March 18
JEH COMPANY: Disclosure Statement Hearing on March 3
KIDSPEACE CORP: Plan Outline Okayed; Confirmation Hearing in April
LOEHMANN'S HOLDINGS: FTI Consulting Okayed as Panel's Advisor
LOEHMANN'S HOLDINGS: Panel Has OK to Hire Kelley Drye as Counsel

LOEHMANN'S HOLDINGS: Unsecured Creditors to Get Distributions
LOS GATOS HOTEL: Disclosure Statement Hearing Moved to April 24
LOS GATOS HOTEL: Creditor Doesn't Favor Quick Sale of Hotel
MAXCOM TELECOMUNICACIONES: BofA et al Clarify Equity Stake
MERCATOR TRANSPORT: Faunus Seeks Receivership of Units

MI PUEBLO: Seeks Court Approval to Obtain $42-Mil. DIP Loan
MONTREAL MAINE: Victims Object to Proposed Paul Hastings Hiring
MOTORSPORT RANCH: U.S. Trustee Wants Case Conversion or Dismissal
MSR RESORT: Wins Approval of Ch. 11 Plan After 3 Years
MT LAUREL: Obtains Final Court Approval to Use Cash Collateral

NNN 123: Creditors Have Until Feb. 28 to File Claims
NNN PARKWAY 400 26: Court Grants WBCMT's Request to Lift Stay
OCEANSIDE MILE: May Use Cash Collateral Until March 18
OCZ TECHNOLOGY: Panel Has OK to Hire BDO USA as Financial Advisor
OCZ TECHNOLOGY: Has Okay to Hire GCG Inc as Administrative Advisor

OCZ TECHNOLOGY: Panel Has Nod to Hire Kelley Drye as Counsel
OCZ TECHNOLOGY: Claims Bar Date Set for March 3
OLEO E GAS: Will Auction Natural-Gas Unit
OSX BRASIL: In Talks with Cerberus, Others Over DIP Financing
OVERSEAS SHIPHOLDING: Dimensional Fund Stake at 5.69%

OVERSEAS SHIPHOLDING: Donald Smith et al Disclose 13.56% Stake
PACIFIC PROPERTY: Heads Ran $110M Ponzi Scheme, FBI Says
PARADISE VALLEY: Agrees With American Bank to Dismiss Ch.11
PITTSBURGH CORNING: Appeal From Plan Confirmation Pending
PRIUM TACOMA: Case Summary & 7 Unsecured Creditors

PROCESS EQUIPMENT: Case Summary & 9 Largest Unsecured Creditors
QUALTEQ INC: Claims Objection Deadline Extended to March 17
QUANTUM FOODS: Files Ch. 11 Bankruptcy Petition to Facilitate Sale
SAVIENT PHARMACEUTICALS: Exclusivity Extension Sought
SCRUB ISLAND: Panel Can Retain Glenn Rasmussen as Counsel

SOUTH FLORIDA SOD: Objects to GSS's Motion for Claim Estimation
SOUTH FLORIDA SOD: Court Confirms Bankruptcy Plan
SOUTH SOUND SPORTS: Voluntary Chapter 11 Case Summary
SPECIALTY PRODUCTS: Claims Deadline Applies to All, Judge Says
ST. FRANCIS' HOSPITAL: Gets Final Court OK to Pay Critical Vendors

T-L CONYERS: Hearing Today on Continued Access to Cash Collateral
TRIAD CAMPUS IV: Case Summary & 20 Largest Unsecured Creditors
TUSCANY INTERNATIONAL: Sec. 341 Creditors' Meeting on March 13
TUSCANY INTERNATIONAL: Wants Schedules Filing Moved Until March 19
VELTI INC: Claims Bar Date Set for March 17

VICTOR OOLITIC: Files for Chapter 11 With Deal to Sell to ICF
VICTOR OOLITIC: Proposes $3.5-Mil. of DIP Financing From ICF
VICTOR OOLITIC: Case Summary & 20 Largest Unsecured Creditors
VINTAGE CONDOMINIUM: With No Assets to Administer, Court Ends Case
W.R. GRACE: Out of Ch. 11, Firm Pays $63MM Toward Enviro Cleanup

WATERFRONT OFFICE: Seeking Continued Access to Cash Collateral
XTREME GREEN: First Amended Plan Confirmed

* Alvarez & Marsal Capital Closes Debut Fund at $600 Million
* Distressed Investors Say Bankruptcy Is Too Expensive

* JPMorgan Joins Morgan Stanley in Settling U.S. Mortgage Suits
* Free Checking Is a Disappearing Perk from Banking Options
* Hedge Funds Preparing for $1 Trillion Property Bill
* Junk-Bond Maturity Wall Moved Back to 2018 from 2017 by Moody's

* SEIU Seeks Study of Non-Profit Hospital Disclosures in Calif.
* U.S. Said Near Deal With EU on Reprieve for Swap-Trading Rules
* U.S. Public Companies Increase Rise Again

* Andrew Zimmitti Joins Manatt's Washington Office as Partner
* Dan LaBert Named NACBA's New Executive Director
* Fay Servicing Appoints Andy Laing as Chief Operating Officer
* Lorna Scharlacken Joins Cohen & Grigsby as Partner in Florida
* Steven Kaufmann Rejoins Morrison & Foerster's D.C. Office


                             *********


710 LONG RIDGE: HealthBridge May Be Off Hook for Contempt Charge
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that HealthBridge Management LLC may be absolved of
contempt for failing to reinstate wages paid by five Connecticut
nursing homes it manages because the bankruptcy court terminated
union contracts on Feb. 3.

According to the report, in December, U.S. District Judge Robert
N. Chatigny in New Haven, Connecticut, held HealthBridge in
contempt for failing to obey his prior order requiring compliance
with union contracts.  Last week, U.S. Bankruptcy Judge Donald H.
Steckroth in Newark, New Jersey, wrote a 46-page opinion
explaining why the nursing homes are entitled to terminate the
union contracts and impose new terms of employment and benefits.

HealthBridge responded by filing papers in Connecticut on Feb. 5
asking Judge Chatigny to vacate his contempt finding because the
union contracts no longer exist, the report related.  Judge
Chatigny's contempt finding was aimed at HealthBridge because it's
not in bankruptcy.

The nursing homes went into Chapter 11 in February 2013, blaming
financial problems on the union contracts, the report further
related.  Before bankruptcy, they had been blocked from altering
the contracts by litigation brought in Judge Chatigny's court by
the union and the National Labor Relations Board.  The NLRB filed
papers asking Steckroth to hold up termination of the union
contracts pending appeal.

          About 710 Long Ridge Road Operating Company II

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

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

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

Michael D. Sirota, Esq., Gerald Gline, Esq., David Bass, Esq., and
Ryan T. Jareck, Esq., serve as counsel to the Debtors.  Logan &
Company, Inc. is the claims and notice agent.  Alvarez & Marsal
Healthcare Industry Group, LLC, is the financial advisor.

Porzio, Bromberg & Newman, P.C.'s Robert M. Schechter, Esq., and
Rachel Segall, Esq., represents the Official Committee of
Unsecured Creditors.  The Committee retained EisnerAmper LLP as
accountant.

Levy Ratner's Suzanne Hepner, Esq., and Ryan J. Barbur, Esq. --
shepner@levyratner.com and Rbarbur@lrbpc.com -- represent the New
England Health Care Workers, District 1199 SEIU.

Abby Propis Simms, Esq., Julie L. Kaufman, Esq., Nancy E. Kessler
Platt, Esq., Dawn L. Goldstein, Esq., Paul Thomas, Esq., and John
McGrath, Esq., at the National Labor Relations Board Special
Litigation Branch in Washington, D.C., argue for the National
Labor Relations Board.


8TH STREET: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: 8th Street, L.L.C.
        1221 SW 8th St
        Miami, FL 33135

Case No.: 14-13641

Chapter 11 Petition Date: February 17, 2014

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

Judge: Hon. Jay Cristol

Debtor's Counsel: Joel M. Aresty, Esq.
                  JOEL M. ARESTY P.A.
                  309 1st Ave S
                  Tierra Verde, FL 33715
                  Tel: 305-899-9876
                  Fax: 305-723-7893
                  Email: aresty@mac.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yves Barroukh, authorized individual.

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


ABITIBIBOWATER INC: USW Paper Workers Ratify Master Agreement
-------------------------------------------------------------
United Steelworkers (USW) members at four paper mill sites in
Calhoun, Tenn., Catawba, SC, Coosa Pines, Ala., and Augusta, Ga.,
overwhelmingly ratified by a 4-1 margin a master agreement Friday
with Resolute Forest Products, a producer of newsprint and
specialty and coated paper.

The five-year master agreement covers 1,500 members in seven USW
local unions.  It also impacts mill workers who are members of the
International Brotherhood of Electrical Workers (IBEW) and United
Association of Journeymen and Apprentices of the Plumbing,
Pipefitting and Sprinkler Fitting Industry of the U.S. and Canada
(UA).

"I congratulate our members, the local union leadership and our
International staff," said Leo W. Gerard, USW International
President.  "Their solidarity and leadership made for strong and
effective bargaining.  This agreement illustrates the progress of
strategic bargaining in our paper sector."

"We've transitioned from bargaining economic and benefit items
table-to-table 10 years ago to strategic coordinated bargaining,"
said Mr. Gerard.  "Now our local unions work together in councils
to create bargaining proposals on main issues like wages and
benefits, then sit in on the talks with the company and caucus
with those doing the actual negotiating.

"This process has improved the communication between members,
local unions and the International, resulting in agreements that
have pushed our bargaining forward and enabled the U.S. paper
industry to thrive in a competitive global market."

The contract improves wages in each of the five years of the
master agreement, secures high quality health care and ensures the
Resolute mills continue to be among the most efficient plants in
the world.

"We have made a lot of progress since the bankruptcy, and this
deal improves the future security of USW jobs in the United
States," said USW International Vice President Jon Geenen, who
oversees the union's paper sector.  "During previous negotiations,
our members made strategic decisions that are paying off and
paving the way for a stronger future."

This second-generation master agreement builds upon the first one
negotiated four years ago when AbitibiBowater Inc. was undergoing
bankruptcy.  AbitibiBowater now does business as Resolute Forest
Products.  The USW negotiated the first master agreement as part
of a strategy to enable Resolute to successfully complete its
reorganization and emerge from creditor protection under the
Companies' Creditors Protection Act in Canada and chapter 11 of
the U.S. Bankruptcy Code on Dec. 9, 2010.

"The USW played a key leadership role in establishing the
collective bargaining framework that was essential for the company
to emerge from bankruptcy," Mr. Geenen said.  "This contract
continues to provide long-term security for our members, retirees,
the communities and the company as it evolves into a world-class
papermaker with a promising future in spite of continued tough
market conditions and shrinking markets."

The USW represents about 120,000 paper workers in the U.S., and is
the largest industrial union in North America.  It has 850,000
members in the U.S., Canada and the Caribbean.  The union
represents workers employed in paper and forestry, metals, rubber,
chemicals, energy, glass, health care and the service sector.

                     About AbitibiBowater Inc.

Bowater Alabama LLC's parent company, AbitibiBowater Inc. --
http://www.abitibibowater.com/-- owns or operates 18 pulp and
paper mills and 24 wood products facilities located in the United
States, Canada and South Korea.  Marketing its products in more
than 70 countries, AbitibiBowater is also among the largest
recyclers of old newspapers and magazines in North America, and
has third-party certified 100% of its managed woodlands to
sustainable forest management standards.  AbitibiBowater's shares
trade under the stock symbol ABH on both the New York Stock
Exchange and the Toronto Stock Exchange.

The Company and several of its affiliates, including Bowater
Alabama, filed for protection under Chapter 11 of the U.S.
Bankruptcy Code on April 16, 2009 (Bankr. D. Del. Lead Case No.
09-11296).  The Company and its Canadian affiliates commenced
parallel restructuring proceedings under the Companies' Creditors
Arrangement Act before the Quebec Superior Court Commercial
Division the next day.  Alex F. Morrison at Ernst & Young, Inc.,
was appointed CCAA monitor.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, served as the
Debtors' U.S. bankruptcy counsel.  Stikeman Elliot LLP, acted as
the Debtors' CCAA counsel.  Young, Conaway, Stargatt & Taylor, in
Wilmington, Delaware, served as the Debtors' co-counsel, while
Troutman Sanders LLP in New York, served as the Debtors' conflicts
counsel in the Chapter 11 proceedings.  The Debtors' financial
advisors were Advisory Services LP, and their noticing and claims
agent was Epiq Bankruptcy Solutions LLC.  The CCAA Monitor's
counsel was Thornton, Grout & Finnigan LLP, in Toronto, Ontario.

Luc A. Despins, Esq., at Paul, Hastings, Janofsky & Walker LLP, in
New York, served as counsel to the Official Committee of Unsecured
Creditors.  Jamie L. Edmonson, Esq., GianClaudio Finizio, Esq.,
and Daniel A. O'Brien, Esq., at Bayard, P.A., in Wilmington,
Delaware, served as local counsel to the Creditors Committee.

Abitibi-Consolidated Inc. and various Canadian subsidiaries filed
for protection under Chapter 15 of the U.S. Bankruptcy Code on
April 17, 2009 (Bankr. D. Del. 09-11348).  Pauline K. Morgan,
Esq., and Sean T. Greecher, Esq., at Young, Conaway, Stargatt &
Taylor, in Wilmington, represented the Chapter 15 Debtors.

U.S. Bankruptcy Judge Kevin Carey handled the Chapter 11 cases of
AbitibiBowater Inc. and its U.S. affiliates and the Chapter 15
case of ACI, et al.

The U.S. Bankruptcy Court issued an opinion confirming
AbitibiBowater's chapter 11 plan of reorganization on Nov. 22,
2010.  The Debtors also obtained approval of their reorganization
plan under the Canadian Companies' Creditors Arrangement Act.
AbitibiBowater emerged from bankruptcy on Dec. 9, 2010.


ADVANTA CORP: KPMG, Former Execs Pay $3.5M to Exit Investor Suit
----------------------------------------------------------------
Law360 reported that KPMG LLP and former Advanta Corp. executives
will pay $3.55 million to settle a putative securities class
action alleging the accounting firm, along the defunct credit card
company's directors, concealed dour financials from Advanta
investors, according to a motion filed in Pennsylvania federal
court.

The report related that the settlement follows extensive discovery
and substantial litigation, according to the plaintiffs, involving
more than 6 million pages of documents.

The case is UNDERLAND v. ALTER et al., Case No. 2:10-cv-03621
(E.D. Pa.) before Judge Cynthia M. Rufe.

                        About Advanta Corp.

Advanta Corp. -- http://www.advanta.com/-- issues business
purpose credit cards to small businesses and business
professionals in the United States. Advanta primarily funds and
operates its business credit card business through Advanta Bank
Corp., which offers a range of deposit products that are insured
by the Federal Deposit Insurance Corporation.

In June 2009, the FDIC placed significant restrictions on the
activities and operations of Advanta Bank, as the Bank's capital
ratios were below required regulatory levels.

On Nov. 8, 2009, Advanta Corp. sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 09-13931).  Attorneys at Weil,
Gotshal & Manges LLP, and Richards, Layton & Finger, P.A., serve
as the Debtor's bankruptcy counsel. Alvarez & Marsal is the
financial advisor.  The Garden City Group, Inc., is the claims
agent. The filing did not include Advanta Bank.  The petition said
that Advanta Corp.'s assets totaled $363,000,000 while debts
totaled $331,000,000 as of Sept. 30, 2009.

As reported in the TCR on Feb. 15, 2011, Advanta Corp. obtained an
order from Bankruptcy Judge Kevin Carey confirming its Chapter 11
plan.  The Plan was unanimously approved by seven of the 11
creditor classes.


BELLE FOODS: Has Deal With AWG on Disbursements
-----------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Alabama
approved an agreed order between Belle Foods, LLC, and buyer
Associated Wholesale Grocers, Inc. on AWG's precautionary motion
for approval of disbursements from the asset purchase agreement
escrows.

AWG asked the Court to approve disbursements from the APA Escrow
pursuant to an earlier order approving the motion to establish
escrows related to APA.  AWG said it filed the motion, out of an
abundance of caution to preserve and protect the rights of all
affected parties-in-interest under the escrow order and related
escrow agreement.

On Sept. 27, 2013, the Court entered an order (A) approving the
APA between Belle Foods LLC and AWG; and (B) authorizing the sale
of certain of the Debtor's assets.  The APA provides for two types
of payments to be made by the Debtor: (1) cure costs for all
assumed leases and contracts, and (2) transaction costs for all
assets which include the leases and personal property without
consideration of whether the lease was assumed or rejected by the
Debtor.

The Court also ordered that:

   1. the escrow agent is authorized and directed to release funds
      from the APA Escrow equal to the agreed disbursement
      amounts;

   2. upon payment of the required disbursement amounts, the
      Debtor's obligations as to cure costs and transactions costs
      under the APA will be satisfied and the Debtor, and also
      lenders to the extent any cure costs or transaction amounts
      are sought to be paid by or from any of the lenders except
      for the specific, limited exceptions, will be released from
      any further responsibility as to cure costs and transaction
      costs under the sale order, the APA, the escrow order or the
      escrow agreement, as may be applicable;

   3. cure costs for Store No. 84 and Store No. 745 will be paid
      by lenders; and

   4. the escrow agent is authorized and directed to release to
      lenders any remaining funds in the APA Escrow in excess of
      the agreed disbursement amounts soon as practicable after
      Jan. 26, 2014.

                         About Belle Foods

Belle Foods, LLC, bought 57 stores from Southern Family Markets
LLC in 2012, and put the business into Chapter 11 reorganization
(Bankr. N.D. Ala. Case No. 13-81963) on July 1, 2013, in Decatur,
Alabama.

The chain is owned by a father and son who purchased the operation
with a $4 million secured term loan and $24 million revolving
credit from the seller.  The stores are in Florida, Georgia,
Alabama and Mississippi.

D. Christopher Carson, Esq., Brent W. Dorner, Esq., and Marc P.
Solomon, Esq., at Burr & Forman, LLP, represent the Debtor as
counsel.

Attorneys at Haskell Slaughter Young & Rediker, LLC, in
Birmingham, Alabama, and Otterbourg Steindler Houston & Rosen,
P.C., in New York, serve as co-counsel to the Official Committee
of Unsecured Creditors.

The Debtor, in its amended schedules, disclosed $64,972,059 in
assets and an unknown amount of liabilities.


BERGENFIELD SENIOR: Wins Approval of Second Amended Plan
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey,
according to Bergenfield Senior Housing, LLC's case docket,
confirmed the Debtor's Second Amended Plan of Liquidation dated
Dec. 12, 2013.

The purpose of the Plan is to liquidate, collect and maximize the
cash value of the assets of the Debtor and make distributions on
account of allowed claims against the Debtor's estate.  The Plan
is premised on the satisfaction of Claims through distribution of
the proceeds raised from the sale and liquidation of the Debtor's
assets, claims and causes of action.

Roberta A. DeAngelis, U.S. Trustee for Region 3, filed a limited
objection to the Debtor's Amended Plan stating that it does not
appear that the Plan provides for any quid-pro-quo for any such
release that is being provided for the benefit of any non-debtor
person/entity.

Barry D. Kleban, Esq., at McElroy, Deutsch, Mulvaney, & Carpenter,
LLP, on behalf of the Debtor, filed a report of plan voting
stating that, although no impaired Class has voted to accept the
Plan, counsel for the Debtor intends to communicate with counsel
for the two entities which voted to reject the Plan, in an effort
to obtain an accepting vote from either or both of the entities
prior to the confirmation hearing.

The Law Offices of Douglas T. Tabachnik, P.C., on behalf of
secured creditor Boiling Springs Savings Bank Boiling Springs
Savings Bank, stated in its objection that the plan failed to
satisfy the requirements of Section 1129(b) of the Bankruptcy Code
in that the treatment of the bank's claim is unfairly
discriminatory and is not fair and equitable.

Secured creditors Boiling Springs Savings Bank (allowed claim
estimated at $12.6 million), and Nicholas and Rosemarie Rotonda
($1.5 claim in one class; $600,000 in another) were entitled to
vote on the Plan.  General unsecured creditors -- estimated to
have claims totaling $1.92 million -- were also entitled to vote.

Under the Plan:

    * BSSB will receive full payment of principal plus interest at
      3% per annum.  BSSB is impaired because it will be receiving
      less than 100% of what it claims it is entitled to under the
      loan agreement.  BSSB has expressed its intention to object
      to confirmation of the Plan if the Plan is not modified to
      provide full payment of interest accruing at 6%.

    * Nicholas and Rosemarie Rotonda will receive cash up to the
      full allowed amount of their secured claims from the
      proceeds of the sale.

    * General unsecured creditors will each receive pro rata share
      of the proceeds of the liquidation of any further assets of
      the Debtor, including causes of action.

    * Holders of equity interests won't receive anything and are
      deemed to reject the Plan.

As reported in the Troubled Company Reporter on Dec. 20, 2013, the
Court on Dec. 10 approved the disclosure statement explaining the
Debtor's Second Amended Chapter 11 Plan of Liquidation and
authorized the Debtor to move forward with the plan-approval
process.

The Debtor on Dec. 12, 2013, filed a revised Disclosure Statement
to incorporate the dates with respect to the solicitation of votes
and confirmation of the Plan.  A copy of the document is available
for free at http://bankrupt.com/misc/Bergenfield_DS_121213.pdf

                 $15MM Asset Sale to Legion Manor

In December, the Bankruptcy Court authorized the Debtor to sell
substantially all of its assets to Legion Manor Associates Limited
Liability Company.

At an auction held Dec. 16, 2013, the Debtor determined that the
successful bidder was Legion Manor which submitted the highest bid
of $14,700,000.  880 Bergen Avenue, LLC was selected as the back-
up bidder with a bid in the amount of $14,675,000.

                 About Bergenfield Senior Housing

Bergenfield Senior Housing, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D.N.J. Case No. 13-19703) in Newark, New Jersey,
on May 2, 2013.  Nicholas Rotonda signed the petition as
member/manager.  Judge Morris Stern presides over the case.
Aaron Solomon Applebaum, Esq., and Barry D. Kleban, Esq., at
McElroy, Deutsch, Mulvaney & Carpenter, LLP, represent the Debtor
as counsel.

In its schedules, the Debtor disclosed $14,061,100 in assets and
$19,957,026 in liabilities as of the Petition Date.

The Bergenfield, New Jersey-based debtor is a single asset real
estate under 11 U.S.C. Sec. 101(51B) and said total assets and
debts exceed $10 million.  The Debtor operates and wholly owns a
90-unit residential apartment building located at 47 Legion Drive,
Bergenfield, New Jersey.

The Debtor's primary secured creditor is Boiling Springs Savings
Bank.  The Debtor is indebted to Boiling Springs on account of two
promissory notes, both of which are secured by mortgages on the
Property.  Boiling Springs' first-position mortgage secures
indebtedness in the total amount of $12.02 million and the second-
position mortgage secures indebtedness of $575,000.


BETSEY JOHNSON: Plan Confirmation Hearing on April 8
----------------------------------------------------
Judge Robert E. Grosman has scheduled a confirmation hearing on
Betsey Johnson LLC's Chapter 11 plan of liquidation to commence on
April 8, 2014, at 10:00 a.m. (Prevailing Eastern Time).  The judge
set April 1, 2014, at 5:00 p.m., as the deadline for submitting
objections to confirmation of the Plan.

The schedule was set forth in the judge's Jan. 31, 2014 order
approving the disclosure statement explaining the proposed Plan.

The Debtor was slated to send solicitation packages to creditors
by Feb. 11, 2014.  Ballots for accepting or rejecting the plan
must be received by the balloting agent, Donlin, Recano & Company,
Inc., not later than 5:00 p.m. on April 1, 2014.

The Debtor will transmit or cause to be transmitted to the plan
notice parties on or before March 25, 2014, a plan supplement,
including a form liquidation trust agreement that will, among
other things, identify the creditors that will serve on the
oversight committee.

According to the disclosure statement, the Debtor has filed the
First Amended Chapter 11 Plan of Liquidation to provide for the
wind down and efficient liquidation of the Debtor in a manner
designed to maximize the recovery to all creditors.

Under the Plan, Steven Madden, which has a secured claim of $3.4
million, will have a recovery of 46%.  General unsecured with
claims estimated at $15.8 million to $19 million will recover 3.4%
to 4.0%.  Holders of interests are not expected to receive any
distributions as total allowed claims are expected to be greater
than total assets.

A blacklined copy of the Disclosure Statement filed Jan. 28, 2014,
is available for free at:

    http://bankrupt.com/misc/Betsey_DS_Jan14_Blacklined.pdf

                       About Betsey Johnson

New York-based women's fashion retailer Betsey Johnson LLC filed a
Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 12-11732)
on April 26, 2012, to effectuate a sale of its assets.

Formed as B.J. Vines by its namesake, iconic fashion designer
Betsey Johnson in 1978, the Debtor sells clothing, footwear,
handbags and a signature fragrance through 63 Betsey Johnson
retail stores and outlets in the U.S.  The Company, which has 400
employees, also sells its products in department and specialty
stores worldwide, including Macy's and Lord & Taylor, and online
at http://www.betseyjohnson.com/ Non-debtor subsidiaries operate
five stores in Canada and one store in England.

In 2010, Steven Madden Ltd. a footwear designer and marketer,
swapped US$27.4 million of secured debt for ownership of Betsey
Johnson's trademarks and intellectual property.  The deal
satisfied all outstanding debt under a US$50 million term loan
used to finance the business' acquisition by Castanea Partners.
At the same time, Castanea, the company's majority owner, made a
new capital investment of US$3 million as part of the deal with
Madden.

Betsey Johnson estimated assets and debts of US$10 million to
US$50 million as of the Chapter 11 filing.

Judge James Peck oversees the case.  The Debtor tapped the law
firm of Goulston & Storrs, as counsel; Togut, Segal & Segal, LLP,
as co-counsel; and Donlin Recano & Company as claims and notice
agent.  The petition was signed by Jonathan Friedman, chief
financial officer.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.

In May 2012, Betsey Johnson received court approval to begin
liquidation after the Debtor failed to attract going concern
bidders.  Liquidators Gordon Brothers Group Inc. and Hilco
Merchant Resources LLC offered the top bid for the right to run
the chain's going-out-of-business sales.  The bid brought the
Debtor about $5.2 million immediately, and more money could
trickle in to pay off debts if the liquidation effort brings
in more money than expected.

Hilco is represented by Chris L. Dickerson, Esq., at DLA Piper
LLP (US).  Counsel for Steven Madden, Ltd., is Neil Herman, Esq.,
at Morgan, Lewis & Bockius LLP.  Counsel for First Niagara
Commercial Finance, Inc., the DIP Lender, is James C. Fox, Esq.,
at Ruberto, Israel & Weiner.


BUFFET PARTNERS: Taps James W. Sargent as Finance Counsel
---------------------------------------------------------
Buffet Partners, L.P., et al., seek authority from the U.S.
Bankruptcy Court for the Northern District of Texas, Dallas
Division, to employ James W. Sargent as special finance counsel.

The Debtors state in court papers that they selected Mr. Sargent
to provide the services because, among other things, he has
represented the Debtors since March 2009.  He represented the
Debtors with respect to the Debtors' financing with Chatham
Capital Management II, LLC and its affiliated entities, with
respect to certain of the Debtors' equipment leasing transactions,
and with respect to various other commercial matters.

The compensation to be paid to Mr. Sargent is $300 per hour.

The Debtors assure the Court that Mr. Sargent 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 Buffet Partners

Buffet Partners, L.P., owns and operates Furr's Fresh Buffet, a
restaurant chain with 29 restaurants in Arizona, Arkansas, New
Mexico, Oklahoma and Texas.  With a 65+ year operating history,
Furr's -- http://www.furrs.net-- operates straight-line and
scatter-bar buffet units that feature a variety of all-you-can-eat
and home-cooked foods served at an affordable price.  Buffet
Partners was formed to purchase Furr's in September 2003.

Headquartered in Plano, Texas, Buffet Partners and an affiliate
sought Chapter 11 protection in Dallas (Bankr. N.D. Tex. Case No.
Case No. 14-30699) on Feb. 4, 2014.

Attorneys at Baker & McKenzie LLP serve as counsel to the Debtors.
Bridgepoint Consulting is the financial advisor.

Buffet Partners estimated assets and debt of $10 million to
$50 million.

                         First Bankruptcy

The restaurant was founded in 1946 by Roy Furr, and expanded to
approximately 60 locations as a family-owned business for over 35
years.  In 1980, it was acquired by Kmart Corporation.  Kmart
ultimately sold Furr's in a leveraged buy-out which subsequently
went public in 1986.  Following a take-private transaction, the
Company entered a period of decline due to its debt burden,
culminating in a restructuring and reorganization under chapter 11
in 2003 in Dallas, Texas (In re Cafeteria Operators, L.P., Case
No. 03-30179-HDH-11, BANKR. N.D. Tex).


BUFFET PARTNERS: Employs Bridgepoint as Financial Advisor
---------------------------------------------------------
Buffet Partners, L.P., et al., seek authority from the U.S.
Bankruptcy Court for the Northern District of Texas, Dallas
Division, to employ Bridgepoint Consulting to provide financial
advisory and restructuring services to the Debtors.

The compensation arrangement for Bridgepoint, subject to court
approval, includes the following terms:

   A. Bridgepoint received a $20,000 retainer prepetition, a
      portion of which will be applied towards any unpaid
      prepetition fees, and the balance will remain on account.

   B. Bridgepoint received $$22,129 in fees and expenses for
      services rendered prior to the bankruptcy filing.  The
      firm's engagement prepetition began on December 31, 2013,
      and was subject to a payment cap through January 31, 2014,
      of $5,000/week or $25,000 cumulatively.

   C. Bridgepoint's retention postpetition is based on its
      customary hourly rates as follows:

         Principals/Managing Directors          $300 - $395
         Senior Managers                        $275 - $295
         Consultants                            $150 - $275
         Support Staff                           $60 - $80

   D. Dawn Ragan will be the engagement manager, and her hourly
      rate is $375.  Out of town travel time, if any, will be paid
      at half of the normal hourly rate.

   E. Bridgepoint has agreed to a payment cap of $125,000 for the
      period from the Petition Date through April 30, 2014, and
      will not be subject to the Cap thereafter should the case be
      continuing.

   F. Bridgepoint will seek reimbursement of its reasonable
      out-of-pocket expenses incurred in connection with the
      engagement.

The Debtors assures 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.

A hearing to consider approval of the employment application will
be held on March 4, 2014, at 10:00 a.m.

                      About Buffet Partners

Buffet Partners, L.P., owns and operates Furr's Fresh Buffet, a
restaurant chain with 29 restaurants in Arizona, Arkansas, New
Mexico, Oklahoma and Texas.  With a 65+ year operating history,
Furr's -- http://www.furrs.net-- operates straight-line and
scatter-bar buffet units that feature a variety of all-you-can-eat
and home-cooked foods served at an affordable price.  Buffet
Partners was formed to purchase Furr's in September 2003.

Headquartered in Plano, Texas, Buffet Partners and an affiliate
sought Chapter 11 protection in Dallas (Bankr. N.D. Tex. Case No.
Case No. 14-30699) on Feb. 4, 2014.

Attorneys at Baker & McKenzie LLP serve as counsel to the Debtors.
Bridgepoint Consulting is the financial advisor.

Buffet Partners estimated assets and debt of $10 million to
$50 million.

                         First Bankruptcy

The restaurant was founded in 1946 by Roy Furr, and expanded to
approximately 60 locations as a family-owned business for over 35
years.  In 1980, it was acquired by Kmart Corporation.  Kmart
ultimately sold Furr's in a leveraged buy-out which subsequently
went public in 1986.  Following a take-private transaction, the
Company entered a period of decline due to its debt burden,
culminating in a restructuring and reorganization under chapter 11
in 2003 in Dallas, Texas (In re Cafeteria Operators, L.P., Case
No. 03-30179-HDH-11, BANKR. N.D. Tex).


CASA GRANDE: DoJ Watchdog Calls for PCO Appointment
---------------------------------------------------
Ilene J. Lashinsky, U.S. Trustee for Region 14, asks the U.S.
Bankruptcy Court for the District of Arizona to appoint a patient
care ombudsman for Regional Care Services Corp., et al., pursuant
to Section 333(a) of the Bankruptcy Code.

Section 333(a) provides that if a debtor in a case under Chapter
7, 9 or 11 is a "health care business," the court shall order, not
later than 30 days after the commencement of the case, the
appointment of an ombudsman to monitor the quality of patient care
and to represent the interests of the patients of the health care
business, unless the court finds that the appointment of such
ombudsman is not necessary for the protection of patients under
the specific facts of the case.

The U.S. Trustee points out that the Debtors' first day motions
indicate that Casa Grande Regional Retirement Community provides
". . . elderly and handicapped persons housing facilities and
services specially designed to meet specific physical, social and
psychological needs."

The U.S. Trustee asserts that unless the Court finds that an
ombudsman is not necessary for the protection of patients under
the specific facts of the Debtors' Chapter 11 cases, a patient
care ombudsman should be appointed.

A hearing on the U.S. Trustee's request is set for Feb. 28, 2014,
at 02:30 PM.  Objections are due by Feb. 21.

               About Casa Grande Community Hospital

Regional Care Services Corp., Casa Grande Community Hospital d/b/a
Casa Grande Regional Medical Center, Regional Care Physician's
Group, Inc., and Casa Grande Regional Retirement Community sought
Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 14-01383) in
Tucson, Arizona, on Feb. 4, 2014.

The Debtors, one of the largest employers in Pinal County, operate
an award winning, full service non-profit community hospital
serving more than 65,000 patients each year from the largely rural
communities of Casa Grande, Sacaton, Eloy, Florence and
surrounding communities.

CGRMC is a 177-licensed bed, general acute care hospital located
in Casa Grande, Arizona.  RCSC is the sole member and sponsor of
CGRMC, RCPG and CGRRC.

As of the Petition Date, CGRRC's management consists of Rona
Curphy as President, Cherie McGlynn as Chairman, David Fitzgibbons
as Vice Chairman, and John Robert McEvoy as Secretary/Treasurer.

Michael McGrath, Esq., and Kasey C. Nye, Esq., at Mesch, Clark &
Rothschild, P.C., in Tucson, Arizona; and Michael J. Pankow, Esq.,
and Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck,
LLP, in Denver, Colorado, serve as counsel to the Debtor.

Casa Grande estimated $50 million to $100 million in assets and
liabilities.


CASA GRANDE: Seeks to Pay Physicians & Care Providers
-----------------------------------------------------
Regional Care Services Corp., et al., seek authority from the U.S.
Bankruptcy Court for the District of Arizona to pay certain
prepetition obligations owed to physician groups and other
independent care providers who are essential to the provision of
patient care.

In support of the request, the Debtors' counsel, Michael McGrath,
Esq., at Mesch, Clark & Rothschild, P.C., in Tucson, Arizona,
states, "The Physician Groups and Other Independent Care Providers
are crucial in Debtors' ability to provide essential patient
services including, but not limited to anesthesiology,
pulmonology, orthopedic surgery, dialysis, cardiology, stroke,
pathology, urgent care, sleep lab and emergency room, nursing,
pharmacy, information technology, laboratory services, security
and medical technicians.  It is essential that the Debtors
continue to pay the Physician Groups and Other Independent Care
Providers in the ordinary course of business and to satisfy any
amounts owing to them which accrued prior to the Petition Date in
order to ensure that such groups will continue to work with
diligence during the Debtors' reorganization process.  Further,
continuing to deliver high quality care in these areas is crucial
to executing the Banner transaction and the Plan."

As of the Petition Date, the Debtors estimate accrued and unpaid
Physician Group Obligations and Other Independent Care Providers
Obligations to approximate $90,000 and $390,000 for one pay
period, respectively.

               About Casa Grande Community Hospital

Regional Care Services Corp., Casa Grande Community Hospital d/b/a
Casa Grande Regional Medical Center, Regional Care Physician's
Group, Inc., and Casa Grande Regional Retirement Community sought
Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 14-01383) in
Tucson, Arizona, on Feb. 4, 2014.

The Debtors, one of the largest employers in Pinal County, operate
an award winning, full service non-profit community hospital
serving more than 65,000 patients each year from the largely rural
communities of Casa Grande, Sacaton, Eloy, Florence and
surrounding communities.

CGRMC is a 177-licensed bed, general acute care hospital located
in Casa Grande, Arizona.  RCSC is the sole member and sponsor of
CGRMC, RCPG and CGRRC.

As of the Petition Date, CGRRC's management consists of Rona
Curphy as President, Cherie McGlynn as Chairman, David Fitzgibbons
as Vice Chairman, and John Robert McEvoy as Secretary/Treasurer.

Michael McGrath, Esq., and Kasey C. Nye, Esq., at Mesch, Clark &
Rothschild, P.C., in Tucson, Arizona; and Michael J. Pankow, Esq.,
and Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck,
LLP, in Denver, Colorado, serve as counsel to the Debtor.

Casa Grande estimated $50 million to $100 million in assets and
liabilities.


CASA GRANDE: Proposes to Pay Critical Vendor Claims
---------------------------------------------------
Regional Care Services Corp., et al., seek authority from the U.S.
Bankruptcy Court for the District of Arizona to pay the
prepetition claims of certain critical suppliers and providers of
products and services.  The Debtors seek authority to pay Critical
Vendors Claims, which are not expected to exceed $3 million in the
aggregate.

The Debtors utilize more than 1,500 vendors from time to time for
a variety of purposes.  Some of those creditors provide essential
medical supplies and services -- such as blood, catheters, IV
needles, bandages, prescription drugs, even linens -- that are
critical, to the Debtors' operations as an acute care hospital.
Moreover, some of these creditors are the sole source of either
critical supplies or services.  The Debtors, in the ordinary
course of business, pay these vendors current based on credit
terms, but are concerned that non-payment of balances arising from
the issuance of the automatic stay, will adversely impact their
operations and quality of care.  Accordingly, the Debtors seek
authority to pay Critical Vendors on their prepetition claims in
the ordinary course of business.

The Debtors have identified 12 Critical Vendors out of 1500
vendors that provide goods and services critical to the Debtors'
operations.  The 12 Critical Vendors are:

   (1) Cardinal
   (2) Stryker
   (3) United Blood Services of AZ
   (4) Sysco Food Services of AZ
   (5) Boston Scientific Corp.
   (6) Siemens
   (7) Sonora Surgical Services
   (8) U.S. Foodservice, Inc.
   (9) Synthes USA
  (10) Abbott Labs (Vascular)
  (11) GE Medical Systems
  (12) Bio-Rad Laboratories

According to the Debtors' counsel, Michael McGrath, Esq., at
Mesch, Clark & Rothschild, P.C., in Tucson, Arizona, the
interruption of these goods or services would result in
irreparable harm to the Debtors and their patients.

               About Casa Grande Community Hospital

Regional Care Services Corp., Casa Grande Community Hospital d/b/a
Casa Grande Regional Medical Center, Regional Care Physician's
Group, Inc., and Casa Grande Regional Retirement Community sought
Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 14-01383) in
Tucson, Arizona, on Feb. 4, 2014.

The Debtors, one of the largest employers in Pinal County, operate
an award winning, full service non-profit community hospital
serving more than 65,000 patients each year from the largely rural
communities of Casa Grande, Sacaton, Eloy, Florence and
surrounding communities.

CGRMC is a 177-licensed bed, general acute care hospital located
in Casa Grande, Arizona.  RCSC is the sole member and sponsor of
CGRMC, RCPG and CGRRC.

As of the Petition Date, CGRRC's management consists of Rona
Curphy as President, Cherie McGlynn as Chairman, David Fitzgibbons
as Vice Chairman, and John Robert McEvoy as Secretary/Treasurer.

Michael McGrath, Esq., and Kasey C. Nye, Esq., at Mesch, Clark &
Rothschild, P.C., in Tucson, Arizona; and Michael J. Pankow, Esq.,
and Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck,
LLP, in Denver, Colorado, serve as counsel to the Debtor.

Casa Grande estimated $50 million to $100 million in assets and
liabilities.


CEREPLAST INC: Secured Lender Wants Case Converted to Ch. 7
-----------------------------------------------------------
Horizon Technology Finance Corporation, as successor to Compass
Horizon Funding Company LLC and Horizon Credit I, LLC, asks the
U.S. Bankruptcy Court for the Southern District of Indiana, New
Albany Division, to convert the Chapter 11 case of Cereplast,
Inc., to a case under Chapter 7 of the Bankruptcy Code.

Horizon is lender to the Debtor under the venture loan and
security agreement dated Dec. 21, 2010, under which Horizon
extended credit totaling $4.0 million.  Horizon has been granted a
security interest in all assets of the Debtor.

Horizon's counsel, Whitney L. Mosby, Esq., at Bingham Greenebaum
Doll LLP, in Indianapolis, Indiana, asserts that the Debtor is not
actively operating its business and has furloughed or laid off its
employees.  Since the Petition Date, no authority has been
requested or granted to pay employees or to use cash collateral to
pay employees or operating expenses, including insurance necessary
to protect the assets of the estate, Ms. Mosby further asserts.
Continued delay and an extended period of business cessation will
result in a decline in the value of Horizon's collateral and all
of the Debtor's assets, the Debtor's counsel says.  The Debtor
filed the bankruptcy petition solely as a means to stop Horizon's
sale of the Collateral, she adds.

Horizon holds a secured claim against the Collateral to secure a
debt of not less than $2.8 million.  The debt due to Horizon is in
payment default.  The sale of the Collateral was scheduled for
Feb. 11, 2014, but the Debtor sought to restrain the sale in
proceedings pending in the Superior Court of the State of
California, for the County of Los Angeles, as Cause No. CGC-08-
482329.  The Debtor's request for a restraining order was denied
on Feb. 10, and the Chapter 11 case was commenced on the same day.

In the alternative, Horizon seeks relief from the automatic stay
so that it can proceed with its rights and remedies under
applicable non-bankruptcy law with respect to the Collateral.  The
Debtor, according to Ms. Mosby, has not offered and is unable to
provide adequate protection to Horizon.  Horizon wants the
Collateral securing the loan it extended to the Debtor abandoned
because the Collateral is burdensome to the estate and is of
inconsequential value to the estate.

Seymour, Indiana-based Cereplast, Inc., filed for Chapter 11
bankruptcy protection (Bankr. S.D. Ind. Case No. 14-90200) on
Feb. 10, 2014, estimating $10 million to $50 million in both
assets and debts.

Judge Basil H. Lorch III oversees the case.  Cereplast is
represented by Tamara Marie Leetham, Esq., at Austin Legal Group,
as counsel.


CLEAR CREEK: Case Summary & 15 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Clear Creek, LLC
        P.O. Box 4380
        Ketchum, ID 83340

Case No.: 14-40103

Chapter 11 Petition Date: February 17, 2014

Court: United States Bankruptcy Court
       District of Idaho (Twin Falls)

Judge: Hon. Jim D Pappas

Debtor's Counsel: Matthew Todd Christensen, Esq.
                  ANGSTMAN, JOHNSON & ASSOCIATES, PLLC
                  3649 N. Lakeharbor Lane
                  Boise, ID 83703
                  Tel: 208-384-8588
                  Fax: 208-853-0117
                  Email: mtc@angstman.com

Total Assets: $0

Total Liabilities: $3.42 million

The petition was signed by George Kirk, member of GRK II, L.L.C.,
managing member of Debtor.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/idb14-40103.pdf


COMMERCIAL MANAGEMENT: Chapter 11 Case Dismissed
------------------------------------------------
The Hon. Katherine A. Constantine of the U.S. Bankruptcy Court
District of Minnesota has dismissed the Chapter 11 case of
Commercial Management, LLC.

Brian F. Leonard, the Chapter 11 trustee, indicated in a report
that the Debtor has no assets, property, or matters to be
administrated in a Chapter 7 case.  The trustee requested that the
Court enter an order (i) dismissing the case, or; (ii) in the
alternative, converting the case to one under Chapter 7.  The
trustee related that the Debtor's business operations were one of
the few businesses owned by Jeffrey J. Wirth which were
profitable.

The Chapter 11 trustee has had an analysis performed of the
transfers back and forth between the Debtor and The Wirth
Companies.  The analysis demonstrated that over time, the Debtor
transferred $996,453 more to The Wirth Companies than The Wirth
Companies transferred back to the Debtor.

The Wirth Companies is a property management service organization
which owns few assets.

On Jan. 3, 2014, the Chapter 11 trustee asked the Court to modify
an order dated Oct. 16, 2013, which authorized the trustee to pay
the balance of funds in the Chapter 11 estate, after payment of
all claims and expenses in the estate, to Mr. Wirth's Chapter 11
estate.

The Chapter 11 trustee stated that based upon the schedules and
testimony of Mr. Wirth, filed in his Chapter 11 case, that he was
the 100 percent owner of the membership interest in the Debtor.

Accordingly, the Chapter 11 trustee requested for an order
amending the previous order to authorize a distribution of the
balance of funds in the Chapter 11 estate based upon the
proportional ownership.

                    About Commercial Management

Commercial Management, LLC, owns a 410-unit apartment complex
located in Richfield, Minn., under the trade name of Buena Vista
Apartments.  Buena Vista is 99% occupied and has approximately
eight full time employees, and a small number of part-time
employees. Buena Vista is managed by The Wirth Company.

The appraised value of Buena Vista is $28 million.  As of the
Petition Date, secured creditor U.S. Bank claims the Debtor owes
it $20.3 million.

Commercial Management filed a Chapter 11 petition (Bankr. D. Minn.
Case No. 12-42676) in its hometown in Minneapolis on May 2, 2012.

Related entities that have pending bankruptcy cases are Jeffrey J.
Wirth (Case No. 12-42368), Palmer Lake Plaza, LLC (Case No.
12-42266), Tomah Hospitality, LLC (Case No. 12-10894), and Tomah
Hotel Properties, LLC (Case No. 12-10895).

Commercial Management disclosed $30,049,458 in assets and
$20,428,878 in liabilities as of the Chapter 11 filing.

Judge Nancy C. Dreher presides over the case.  Commercial
Management tapped Neal L. Wolf and the law firm of Neal Wolf &
Associates, LLC as bankruptcy counsel.  The Debtor also hired the
Law Offices of Neil P. Thompson, in Minneapolis, as local counsel.

Brian F. Leonard, the Chapter 11 trustee, obtained approval from
the U.S. Bankruptcy Court to employ David A. Lutz as special
counsel.

Matthew R. Burton, Esq., at Leonard, O'Brien, Spencer Gale &
Sayre, Ltd., represents the Chapter 11 trustee.

No creditors committee has been appointed in the Chapter 11 case.


CONSTAR INTERNATIONAL: PBGC Covers Most of Pension Plan Shortfall
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the Pension Benefit Guaranty Corp. is taking over the
defined-benefit pension plan of Constar International Holdings
LLC, a maker of blow-molded plastic drink containers.

According to the Bloomberg report, the Constar plan provides
benefits for 4,400 workers. The pensions are 66 percent funded,
according to the PBGC.  The PBGC, which chairs the Constar
unsecured creditors' committee, said it will cover $44.7 million
of the $45.4 million shortfall.

The PBGC is acting now because Philadelphia-based Constar's
business is being sold, Bloomberg said.  Law360 reported that the
PBGC is asking Constar to turn over the first $1.1 million raised
by the sale of equity in its nondebtor Dutch subsidiary to account
for missed pension payments by that unit.

The PBGC, which plans to terminate Constar's underfunded pension
plan, said the failure of Constar International Holland (Plastics)
BV to make its minimum funding contributions gives the corporation
a higher priority claim on the unit than the debtor, the Law360
report said.

                    About Constar International

Privately held Constar International Holdings and nine affiliated
debtors filed for Chapter 11 protection (Bankr. D. Del. Lead Case
No. 13-13281) on Dec. 19, 2013.

This is Constar International's third bankruptcy.  Constar, which
manufactures plastic containers, first filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 08-13432) in December
2008, with a pre-negotiated Chapter 11 Plan and emerged from
bankruptcy in May 2009.  Constar and its affiliates returned to
Chapter 11 protection (Bankr. D. Del. Case No. 11-10109) on Jan.
11, 2011, with a pre-negotiated Chapter 11 plan and emerged from
bankruptcy in June 2011.

The 2013 petition listed assets worth less than $100 million
against $123 million on three layers of secured debt.

Judge Christopher S. Sontchi oversees the 2013 case.

Constar is represented by Michael J. Sage, Esq., Brian E. Greer,
Esq., Stephen M. Wolpert, Esq., and Janet Bollinger Doherty, Esq.,
at Dechert LLP; and Robert S. Brady, Esq., and Sean T. Greecher,
Esq., at Young Conaway Stargatt & Taylor, LLP.  Prime Clerk LLC
serves as the Debtors' claims and noticing agent, and
administrative advisor.  Lincoln Partners Advisors LLC serves as
the Debtors' financial advisor.

Attorneys at Brown Rudnick LLP represent the official committee of
unsecured creditors.

Counsel to Wells Fargo Capital Finance, LLC, the revolving loan
agent, is Andrew M. Kramer, Esq., at Otterbourg P.C.


COUNTRYWIDE FIN'L: AIG Seeks Delay in $8.5B Bank of America Deal
----------------------------------------------------------------
Chris Dolmetsch, writing for Bloomberg News, reported that Bank of
America Corp.'s $8.5 billion settlement with mortgage-bond
investors will be delayed at least two weeks after American
International Group Inc. and other objectors asked a judge for a
hearing to address loan modifications excluded from the accord.

According to the report, New York State Supreme Court Justice
Barbara Kapnick in Manhattan on Jan. 31 approved most of the
bank's 2011 deal to end claims by investors in more than 500
mortgage-security trusts that the loans backing the bonds didn't
meet promised quality. Judge Kapnick refused to include claims
Bank of America was required to repurchase modified loans, saying
the trustee, Bank of New York Mellon Corp., failed to properly
evaluate them.

The objectors on Feb. 6 asked Justice Saliann Scarpulla, who took
the case when Judge Kapnick moved to an appeals court, to delay
the entry of the ruling, the report related.  They argued the
modified-loan claims are a "significant piece" of the settlement
and that the ruling leaves open questions as to how much of the
settlement funds will go to the trusts, which trusts are covered
by the accord, and how the funds will be divided.

Entry of a final judgment in the case "could leave the trust
beneficiaries with no choice but to commence new, duplicative
actions in order to protect their rights," the report said, citing
Mark C. Zauderer, an attorney for the objectors. "The entry of
final judgment should be stayed so that all issues relating to the
enforcement or effectuation of the settlement may be litigated in
this action."

Judge Scarpulla has scheduled oral arguments for Feb. 19 on the
objectors' request, delaying Judge Kapnick's entry date of Feb 7,
the report related. The judgment must be formally entered before
any appeals can begin.

                   About Countrywide Financial

Based in Calabasas, California, Countrywide Financial Corporation
(NYSE: CFC) -- http://www.countrywide.com/-- originated,
purchased, securitized, sold, and serviced residential and
commercial loans.

In mid-2008, Bank of America completed its purchase of Countrywide
for $2.5 billion.  The mortgage lender was originally priced at $4
billion, but the purchase price eventually was whittled down to
$2.5 billion based on BofA's stock prices that fell over 40% since
the time it agreed to buy the ailing lender.


DESIGNLINE CORP: Ch.11 Trustee to Sell Equipment to Wonderland
--------------------------------------------------------------
Elaine T. Rudisill, the chapter 11 trustee for DesignLine
Corporation and DesignLine USA, LLC, and the Official Committee of
Unsecured Creditors are asking the Bankruptcy Court to enter an
order authorizing the Chapter 11 trustee to sell certain items of
equipment to Wonderland Investment Group, Inc., or its designee by
private sale.

DesignLine USA LLC acquired one Intel Modular Server Base Unit
with Intel MFSYS25 Modular Server Chassis, six Internal Hard
Drives, two Server Compute Modules with Intel Xeon DP Quad-core
E5530 Processors, and certain software from NetEffect Technologies
pursuant to a financing lease agreement with First-Citizens Bank &
Trust Company dated Aug. 27, 2012.

First Citizens appears to have a properly perfected security
interest in the property.  First Citizens appears to be the only
party with a valid lien in the property.

The Chapter 11 trustee has reached an agreement to sell the
property to the purchaser for $37,251.

                         About DesignLine

DesignLine Corporation manufactured coach, electric and range-
extended electric (hybrid) buses.  Founded in Ashburton, New
Zealand in 1985, DesignLine was acquired by American interests in
2006, and DesignLine Corporations' headquarters was relocated to
Charlotte, North Carolina.  DesignLine Corporation is no longer
affiliated with the DesignLine operations in New Zealand, which
was placed in liquidation in 2011.

DesignLine Corporation and DesignLine USA LLC originally sought
Chapter 11 protection with the U.S. Bankruptcy Court for the
District of Delaware (Lead Case Nos. 13-12089 and 13-12090), on
Aug. 15, 2013.  Katie Goodman at GGG Partners LLC signed the
petitions as chief restructuring officer.  On Sept. 5, 2013, the
case was transferred to the U.S. Bankruptcy Court for the Western
District of North Carolina (Case Nos. 13-31943 and 13-31944).

Mark D. Collins, Esq., and Michael Joseph Merchant, Esq., at
Richards, Layton & Finger, P.A.; and Terri L. Gardner, Esq., at
Nelson Mullins Riley & Scarborough, LLP, serve as the Debtors'
bankruptcy counsel.  GGG Partners also serves as the Debtors'
financial advisors.

A five-member unsecured creditors panel has been appointed in the
Debtors' cases.  Moon Wright & Houston PLLC and Benesch,
Friedlander, Coplan & Aronoff LLP are co-counsel to the Committee.
The Committee retained CBIZ MHM, LLC as financial advisors.

DesignLine Corp. has sold its assets for $1.6 million cash to
Wonderland Investment Group Inc. from Pasadena, California.
Wonderland prevailed over five other prospective buyers at an
auction in October 2013.

The Bankruptcy Judge has appointed Elaine T. Rudisill as the
chapter 11 trustee for the Debtors.

The hearing to consider final approval of the Disclosure Statement
dated Jan. 31, 2014, and confirmation of the Plan liquidation plan
proposed by the Official Committee of Unsecured Creditors for
DesignLine Corporation and DesignLine USA, LLC, will be on
March 4 at 9:30 a.m.


DETROIT, MI: Governor's Budget Includes Money for Pensions
----------------------------------------------------------
Reuters reported that in what would be a major step toward
resolving Detroit's historic bankruptcy case, Michigan Governor
Rick Snyder unveiled plans to use state funds to help pay for
Detroit worker pensions in his proposed $52.1 billion state
budget.

According to the report, the insertion of the Detroit pension
money is Snyder's first official move toward previously announced
plans to tap $17.5 million a year over 20 years from the state's
share of a 1998 multi-state settlement with U.S. tobacco
companies.

Last month, the Republican governor proposed adding $350 million
in state funds to money pledged by U.S. foundations to help fund
Detroit's retired worker pensions and keep city-owned art work out
of the bankruptcy case, the report related.

Pension funds are Detroit's biggest unsecured creditors, and Kevyn
Orr, the state-appointed emergency manager running Detroit, has
pegged the unfunded pension liability at $3.5 billion, the report
further related.  Pension cuts are among options Orr has said he
is considering in his effort to restructure Detroit's finances.

In a plan of financial adjustment circulated to major creditors
last week, Orr put forward proposals to use state money, along
with $470 million pledged by foundations and the Detroit Institute
of Arts, to help make the city's pension payments, the report
said.

                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.

The Hon. Steven Rhodes oversees the bankruptcy case.  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.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

Daniel M. McDermott, U.S. Trustee for Region 9, on Dec. 23, 2013,
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.


DETROIT, MI: Eligibility Appeal Is Being Accelerated
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the pace of challenges to Detroit's eligibility for
Chapter 9 bankruptcy is being accelerated, even as the city waits
to hear whether opponents will get to bring their case directly to
the U.S. Court of Appeals in Cincinnati.

U.S. Bankruptcy Judge Steven Rhodes in December held that Detroit
is eligible for Chapter 9 and that the Michigan Constitution gives
municipal pensions the status of contracts that can be altered in
bankruptcy, the report related.  The pension funds' request for a
direct appeal of the ruling to the Cincinnati-based court,
bypassing the Detroit district court, is pending.

The district court nevertheless laid down an accelerated appeals
schedule, telling the pension funds to file briefs by Feb. 18,
followed by Detroit's papers on March 4, the report further
related.

The pension funds wrote a letter to the Cincinnati court asking
the judges to rule on a direct appeal, so they won't waste time
writing briefs for an appeal in district court, the report said.

Mr. Rochelle pointed out that views of whether there should be a
direct appeal to the Cincinnati court are all over the lot.
Although Judge Rhodes said the issue met the standards for a
direct appeal, he recommended against it because his decision
wasn't the final ruling on the issue about pensions.  Although the
Michigan attorney general favors an appeal to the Cincinnati
court, the Michigan state solicitor general filed papers last
month urging the appeals court not to allow an appeal at this
time. Detroit itself doesn't want an appeal.

The eligibility appeal in the appeals court is In re City of
Detroit, Michigan, 13-0116, U.S. Court of Appeals for the Sixth
Circuit (Cincinnati). The eligibility appeal in the district court
is In re City of Detroit, Michigan, 14-10435, U.S. District Court,
Eastern District of Michigan (Detroit).

                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.

The Hon. Steven Rhodes oversees the bankruptcy case.  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.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

Daniel M. McDermott, U.S. Trustee for Region 9, on Dec. 23, 2013,
appointed five creditors to serve on the Official Committee of
Unsecured Creditors.


DUNLAP OIL: Wants to Sell Hotel Property Through Private Auction
----------------------------------------------------------------
Dunlap Oil Company, Inc. and Quail Hollow Inn, LLC are seeking
permission from the Bankruptcy Court to sell a hotel property
owned by QHI via private auction as contemplated under their
Second Amended Joint Plan of Reorganization.

QHI previously entered into a deal to sell their hotel property
located at 699 N. Ocotillo Road, Benson, Arizona 85602 for $2.5
million.  The Debtors however have received another offer from a
different purchaser for $2.525 million.

Thus, to maximize the value of the Hotel, the Debtors seek Court
approval of uniform sale and bid procedures to be utilized for the
Hotel sale.

The Debtors have determined, in their business judgment, to
solicit bids for the Hotel and conduct the Auction under this
timeline:

1. Bid solicitations will be circulated to known interested
    parties, with a deadline to submit Bids on or before 5:00 p.m.
    (MST) of the date thirty (30) days after entry of an order
    approving the Auction Motion -- the Bid Deadline.

2. The Debtors, possibly with the assistance of a broker, will
    conduct the Auction 15 business days after the Bid Deadline at
    the Hotel.

3. The Debtors will inform the Court what they believe to be the
    prevailing Bid at the conclusion of the Auction.

4. The final closing and payment of the Purchase Price will be
    concluded within 90 days of the Auction.

Pineda Grantor Trust II has asserted a lien on the Hotel.  In its
objection to confirmation of the Plan, Pineda has alleged that it
holds a right to credit bid at any sale of the Hotel.

The Debtors propose for Pineda to be permitted to credit bid up to
the amount of the Stipulated Value of QHI for the Hotel asset --
$1.9 million -- at the Auction.  Pineda is not entitled to bid the
entire amount of its secured and unsecured claims asserted in the
case, as such credit bidding would significantly chill bidding for
maximum value to the estate and creditors, according to the
Debtors.

The Debtors also seek permission to pay standard and reasonable
commissions to real estate brokers pursuant to any applicable sale
agreements.

                 About Dunlap Oil and Quail Hollow Inn

Dunlap Oil Company, Inc., and Quail Hollow Inn, LLC, sought
Chapter 11 protection (Bankr. D. Ariz. Case No. 12-23252 and
12-23256) on Oct. 24, 2012.  Founded in 1958, Dunlap Oil is a
Willcox, Arizona-based operator of 14 gasoline services stations.
QOH owns the 89-room outside corridor Best Western Plus Quail
Hollow hotel in Willcox.  The two companies are owned and operated
by the Dunlap family.

The Hon. Brenda Moody Whinery presides over the case.  John R.
Clemency, Esq., and Lindsi M. Weber, Esq., at Gallagher & Kennedy,
P.A., serve as the Debtors' counsel.  Peritus Commercial Finance
LLC serves as financial advisor.  Quail Hollow Inn also hired
Sally M. Darcy of McEvoy Daniels & Darcy P.C. for the limited
purpose of handling any claims, issues, and/or disputes between
QHI and Best Western International, Inc.  The Debtors' lead
counsel, Gallagher & Kennedy, P.A., has a conflict precluding its
representation of the Debtor in matters relating to Best Western.

QOH declared assets of at least $1 million and debts exceeding
$10 million.  DOC estimated assets and debts of $10 million to
$50 million.

The petitions were signed by Theodore Dunlap, president.

Ilene J. Lashinsky, the U.S. Trustee for Region 14, has appointed
three creditors to serve on an Official Committee of Unsecured
Creditor for the Chapter 11 bankruptcy case of Dunlap Oil Company.
The Committee tapped Nussbaum Gillis & Dinner, P.C., as its
counsel.

Pineda Grantor Trust II, successor-in-interest to Compass Bank, is
represented by Steven N. Berger, Esq., and Bradley D. Pack, Esq.,
at Engelman Berger, P.C.

Canyon Community Bank NA is represented by Pat P. Lopez III, Esq.,
Rebecca K. O'Brien, Esq., and Jeffrey G. Baxter, Esq., at Rusing
Lopez & Lizardi, P.L.L.C.

On Nov. 18, 2013, the Court denied confirmation of the Debtors'
First Amended Joint Plan of Reorganization dated Feb. 14, 2013, as
amended or modified.

Secured creditor Canyon Community Bank, N.A., is seeking the
conversion of the Debtors' cases into Chapter 7 proceedings.


EDGENET INC: U.S. Trustee Unable to Form Committee
--------------------------------------------------
The United States Trustee said an official committee under
11 U.S.C. Sec. 1102 has not been appointed in the bankruptcy case
of Edgenet, Inc.

The U.S. Trustee said it has attempted to solicit creditors
interested in serving on the Unsecured Creditors' Committee from
the 20 largest unsecured creditors.  After excluding governmental
units, secured creditors and insiders, the U.S. Trustee has been
unable to solicit sufficient interest in serving on the Committee,
in order to appoint a proper Committee.

The U.S. Trustee reserves the right to appoint such a committee
should interest developed among the creditors.

                        About Edgenet 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.  Edgenet has three business locations: Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.  The Company
has 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.


EDGENET INC: Has Court's Nod to Hire Klehr Harrison as Counsel
--------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware has granted Edgenet, Inc., and Edgenet
Holding Corp. permission to employ Klehr Harrison Harvey Branzburg
LLP as counsel, nunc pro tunc to the Jan. 14, 2014 petition date.

As reported by the Troubled Company Reporter on Feb. 6, 2014, the
Debtors require Klehr Harrison to, among other things, 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.

                         About Edgenet 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.  Edgenet has three business locations: Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.  The Company
has 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.

Glass Ratner Advisory & Capital Group LLC is the Debtors'
financial advisor; JMP Securities, LLC, is the investment banker,
and Phase Eleven Consultants, LLC, is the claims and noticing
agent.


EDGENET INC: Has Court Okay to Hire Phase Eleven as Claims Agent
----------------------------------------------------------------
Edgenet, Inc., and Edgenet Holding Corp. obtained authorization
from the Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for
the District of Delaware to appoint Phase Eleven Consultants, LLC,
as claims and noticing agent in order to assume full
responsibility for the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Chapter 11 cases.

As reported by the Troubled Company Reporter on Jan. 17, 2014, the
Debtors paid a retainer to PEC in the amount of $50,000
prepetition.  The Debtors reviewed engagement proposals from at
least three other court-approved claims agents to ensure selection
through a competitive process.  Although the Debtors have not yet
filed their schedules of assets and liabilities, they anticipate
that there will be hundreds of entities to be noticed.

                         About Edgenet 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.  Edgenet has three business locations: Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.  The Company
has 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.


EDISON MISSION: Settlement with Homer City Retirees Approved
------------------------------------------------------------
Judge Jacqueline Cox of the U.S. Bankruptcy Court for the Northern
District of Illinois approved the settlement between Edison
Mission Energy, et al., and the International Brotherhood of
Electrical Workers Local 459.

The Union represents approximately 20 retirees in the Debtors'
Homer City, Pennsylvania facility.

The settlement provides for the following terms:

   (a) each Retiree will be deemed to have a separate Allowed
       Class C3 General Unsecured Claim against EME Homer City
       Generation L.P. under the Plan only in the applicable
       amount, which collectively totals approximately $21.8
       million, in full and final satisfaction, compromise,
       settlement, release, and discharge of and in exchange for
       any claims relating to any Retiree Benefits Claims, and any
       other Retiree Benefit Claims filed by the Union, any
       Retirees, or any other person will be deemed withdrawn and
       denied with prejudice;

   (b) each Retiree will be deemed to support and vote its
       applicable Allowed Class C3 General Unsecured Claim against
       EMEHC in favor of the Plan;

   (c) Edison Mission Finance Co. will assign 55% of all
       distributions under the Plan that would otherwise be made
       by EMEHC to Finance on account of the EMEHC Intercompany
       Claim directly to the Retirees on a pro rata basis based on
       the allowed amounts or Retiree Benefit Claims under the
       Settlement;

   (d) any distributions will be made directly to the Union,
       solely in its capacity as the authorized representative of
       the Retirees;

   (e) each Party will bear its own expenses related to the
       Settlement; provided the Union's attorneys' fees will be
       paid out of any distributions on account of the Retiree
       Benefits Claims pursuant to the Settlement; and

   (f) the Debtors agree that they will use reasonable commercial
       efforts to continue to prosecute the adversary proceeding
       captioned as Homer City Generation, L.P. vs. EME Homer City
       Generation L.P., Adv. Proc. No. 13-01264 (Bankr. N.D. Ill.)
       (JPC), including, without limitation, settling or
       compromising any claims arising out of or related to the
       adversary proceeding.

                      About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

The Debtors, other than Camino Energy Company, are also
represented by James H.M. Sprayregen, P.C., Sarah Hiltz Seewer,
Esq., and Seth A. Gastwirth, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois; and Joshua A. Sussberg, Esq., at Kirkland &
Ellis LLP, in New York.  Debtor Camino Energy Company is
represented by David A. Agay, Esq., and Joshua Gadharf, Esq., at
McDonald Hopkins LLC, in Chicago, Illinois.

Perella Weinberg Partners is acting as the Debtors' financial
advisor and McKinsey & Company Recovery and Transformation
Services is acting as restructuring advisor.  GCG, Inc., is the
claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Ira S. Dizengoff, Esq., Stephen M.
Baldini, Esq., Arik Preis, Esq., and Robert J. Boller, Esq., at
Akin Gump Strauss Hauer & Feld LLP in New York; James Savin, Esq.,
and Kevin M. Eide, Esq., at Akin Gump Strauss Hauer & Feld LLP in
Washington, DC; and David M. Neff, Esq., and Brian Audette, Esq.,
at Perkins Coie LLP.  The Committee also has tapped Blackstone
Advisory Partners as investment banker and FTI Consulting as
financial advisor.

EME's Second Amended Joint Plan of Reorganization is up for
approval at a Feb. 19, 2014 confirmation hearing, and provides for
the sale of all or substantially all of Debtors MWG, EME, and
Midwest Generation EME, LLC, will be sold to NRG Energy, Inc.


EDISON MISSION: Retirees Drop Bid for Committee Appointment
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, approved a stipulation between Edison Mission
Energy, et al., and a group of 23 retirees represented by the law
firm Pedersen & Houpt, P.C., agreeing that the Retirees' motion to
appoint a committee is deemed withdrawn.

As previously reported by The Troubled Company Reporter, the
Retirees sought for the appointment of a committee in order to
prepare for arguments against the proposed termination of retiree
benefits.

The stipulation The stipulation also provides that the Retirees'
objection to the Plan is deemed withdrawn.

EME agrees to reimburse the reasonable and documented legal fees
and expenses incurred by Pedersen and the reasonable and
documented expenses of the members of the steering committee of
the Retiree Group in connection with the Motion to Terminate, from
Jan. 16, 2012, through entry of a final order on the Motion to
Terminate.

Until the last day of the month following the month of entry of a
final order on the Motion to Terminate, the Debtors will continue
to pay for retiree benefits in accordance with the terms of the
EIX welfare plan then in effect; provided that to the extent the
Retirees are not eligible to continue participating in the EIX
welfare plan after the effective date of the Debtors' Chapter 11
plan of reorganization, then the Debtors will pay the applicable
retiree an amount equal to the current employer subsidy under the
EIX welfare plan until entry of a final order on the Motion to
Terminate.

To the extent the Debtors' Chapter 11 plan of reorganization
becomes effective before the Motion to Terminate is decided, EME
will set aside a reserve under the Plan that will cover the
present value of all future benefits for the Retirees based on
actuarial data presently available to EME.

The Debtors and the Retirees agreed to negotiate in good faith
potential resolution of the Motion to Terminate.

The hearing on the Debtors' motion to terminate the retiree
benefits of 473 current and future retirees on March 28, 2014, at
10:30 AM.

                      About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

The Debtors, other than Camino Energy Company, are also
represented by James H.M. Sprayregen, P.C., Sarah Hiltz Seewer,
Esq., and Seth A. Gastwirth, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois; and Joshua A. Sussberg, Esq., at Kirkland &
Ellis LLP, in New York.  Debtor Camino Energy Company is
represented by David A. Agay, Esq., and Joshua Gadharf, Esq., at
McDonald Hopkins LLC, in Chicago, Illinois.

Perella Weinberg Partners is acting as the Debtors' financial
advisor and McKinsey & Company Recovery and Transformation
Services is acting as restructuring advisor.  GCG, Inc., is the
claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Ira S. Dizengoff, Esq., Stephen M.
Baldini, Esq., Arik Preis, Esq., and Robert J. Boller, Esq., at
Akin Gump Strauss Hauer & Feld LLP in New York; James Savin, Esq.,
and Kevin M. Eide, Esq., at Akin Gump Strauss Hauer & Feld LLP in
Washington, DC; and David M. Neff, Esq., and Brian Audette, Esq.,
at Perkins Coie LLP.  The Committee also has tapped Blackstone
Advisory Partners as investment banker and FTI Consulting as
financial advisor.

EME's Second Amended Joint Plan of Reorganization is up for
approval at a Feb. 19, 2014 confirmation hearing, and provides for
the sale of all or substantially all of Debtors MWG, EME, and
Midwest Generation EME, LLC, will be sold to NRG Energy, Inc.


EWGS INTERMEDIARY: EFA Opposes Extension of Lease Decision Period
-----------------------------------------------------------------
Equity Fund Advisors Inc. said Edwin Watts Golf Shops LLC
shouldn't be given an extension of time to assume or reject their
lease contract, saying it would be "prejudicial" to the firm.

Edwin Watts and an affiliate EWGS Intermediary LLC on Jan. 30
asked a bankruptcy judge to give them until March 31 to decide on
what to do with their leases, including the contract with Equity
Fund.

The contract has allowed Edwin Watts to lease from Equity Fund a
facility located in Kansas City, Missouri.

In court papers filed last week, Equity Fund complained the
extension would allow Edwin Watts to continue to occupy the leased
facility, which the firm finds objectionable given the company's
alleged failure to pay its monthly real estate tax reimbursement
obligations.

Equity Fund also said it has plans to look for another tenant but
can't enter into a new lease until the lease is rejected and the
firm obtains possession of the property.

Equity Fund Advisors is represented by:

     Gary D. Bressler, Esq.
     Aaron S. Applebaum, Esq.
     McElroy, Deutsch, Mulvaney & Carpenter LLP
     300 Delaware Avenue, Suite 770
     Wilmington, Delaware 19801
     Tel: (302) 300-4515
     Fax: (302) 654-4031
     Email: gbressler@mdmc-law.com
            aapplebaum@mdmc-law.com

                       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.

Cooley LLP is the lead counsel to the Official Committee of
Unsecured Creditors.


EWGS INTERMEDIARY: Creditors' Panel Wins Approval to Hire PwC
-------------------------------------------------------------
EWGS Intermediary, LLC's official committee of unsecured creditors
received the green light from U.S. Bankruptcy Judge Mary Walrath
to hire PricewaterhouseCoopers LLP as its financial adviser.

PricewaterhouseCoopers can be reached at:

       Perry Mandarino
       PricewaterhouseCoopers LLP
       300 Madison Avenue
       New York, NY 10017
       Tel: +1 (646) 471-7589

                       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.

Cooley LLP is the lead counsel to the Official Committee of
Unsecured Creditors.


F & H ACQUISITION: Court Okays Hilco as Real Estate Consultant
--------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware has granted F & H Acquisition Corp. and its debtor-
affiliates authorization to employ Hilco Real Estate LLC as real
estate consultant, nunc pro tunc to the Dec. 15, 2013 petition
date.

As reported by the Troubled Company Reporter on Feb. 6, 2014, the
Debtors require Hilco Real to, among other things, negotiate, on
the Debtors' behalf, the terms of restructuring agreements with
the landlords, in accordance with the Strategic Plan.

                         About Fox and Hound

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead
Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets.

As of the bankruptcy filing, the Debtors have 101 restaurants
located in 27 states and 6,000 employees.  Sales decreased by
approximately 9 percent over the past two years.  The Debtors also
experienced significant inflation in commodity prices, energy
prices and labor costs.

F&H estimated assets in excess of $100 million.  According to a
court filing, outstanding debt obligations total $119 million,
including $68.4 million owing on a first-lien loan with General
Electric Capital Corp. as agent.  The $11.2 million second-lien
obligation has Cerberus Business Finance LLC as agent.  Unsecured
trade suppliers and landlords are owed $11.2 million.

The senior lenders are to provide $9.6 million in financing for
the bankruptcy, with $3.5 million on an interim basis.

The parent holding company, F&H Acquisition Corp., is based in
Wichita, Kansas.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
local counsel, Olshan Frome Wolosky LLP as general counsel,
Imperial Capital LLC as financial advisor, and Epiq Bankruptcy
Solutions as claims and noticing agent.  The Debtors employed
Imperial Capital, LLC, as financial advisor and investment banker
in connection with a potential restructuring and sale transaction.

The U.S. Trustee has appointed seven members to an official
committee of unsecured creditors.


F & H ACQUISITION: Has OK for Imperial as Financial Advisor
-----------------------------------------------------------
F & H Acquisition Corp. and its debtor-affiliates obtained
permission from the Hon. Kevin Gross of the U.S. Bankruptcy Court
for the District of Delaware to employ Imperial Capital, LLC, as
financial advisor and investment banker in connection with a
potential restructuring and sale transaction.

As reported by the Troubled Company Reporter on Jan. 2, 2014, the
Debtors have agreed to pay Imperial under this fee structure:
(a) a monthly advisory fee of $125,000; (b) a restructuring
transaction fee of 125 basis points (1.25%) of the total existing
indebtedness; (c) a DIP financing fee equal to 1.00% of the face
amount of any new senior DIP financing debt sold or arranged as
part of the financing; (d) a transaction fee of 1.50% of the
transaction consideration received by the Debtors; and (e) and an
exit financing fee the greater of the Restructuring Fee or the
Exit Financing Fee comprised of (i) 1.00% of the face value of any
new senior debt sold or arranged as part of the Financing, plus
(ii) 2.00% of the face amount of any new second lien debt sold or
arranged as part of the financing, and/or 4.00% of the face amount
of any new structured debt or equity.

                         About Fox and Hound

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead
Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets.

As of the bankruptcy filing, the Debtors have 101 restaurants
located in 27 states and 6,000 employees.  Sales decreased by
approximately 9 percent over the past two years.  The Debtors also
experienced significant inflation in commodity prices, energy
prices and labor costs.

F&H estimated assets in excess of $100 million.  According to a
court filing, outstanding debt obligations total $119 million,
including $68.4 million owing on a first-lien loan with General
Electric Capital Corp. as agent.  The $11.2 million second-lien
obligation has Cerberus Business Finance LLC as agent.  Unsecured
trade suppliers and landlords are owed $11.2 million.

The senior lenders are to provide $9.6 million in financing for
the bankruptcy, with $3.5 million on an interim basis.

The parent holding company, F&H Acquisition Corp., is based in
Wichita, Kansas.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
local counsel, Olshan Frome Wolosky LLP as general counsel,
Imperial Capital LLC as financial advisor, and Epiq Bankruptcy
Solutions as claims and noticing agent.

The U.S. Trustee has appointed seven members to an official
committee of unsecured creditors.


FIELD FAMILY: Can Use Cash Collateral Until Plan Effective Date
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
issued an eighth interim order, authorizing Field Family
Associates, LLC's use of cash collateral in which Wells Fargo
Bank, N.A., as trustee for the Registered Holders of J.P. Morgan
Chase Commercial Mortgage Securities Trust 2007-C1BC18, Commercial
Mortgage Pass-Through Certificates, Series 2007-C1BC18, asserts an
interest.

On Jan. 23, 2007, CIBC, as lender, loaned to the Debtor the
principal sum of $32,500,000, which loan is evidenced by documents
including, without limitation, the note, the mortgage and the
assignment of leases and rents.

The lender contends that there remains due and owing and payable
to lender pursuant to the loan documents, as of July 2, 2012, not
less than $38,853,980, plus additional amounts due and owing
pursuant to the loan documents, all of which the lender contends
continues to accrue.

The Debtor would use the cash collateral until the earlier of (a)
the Effective Date of a confirmed plan of reorganization; and (b)
the week of March 24, 2014.

As adequate protection from any diminution in value of the
lender's collateral, the Debtor will grant the lender replacement
liens in all property of the Debtor.

A further hearing on the use of cash collateral is scheduled for
March 19, at 1:30 p.m.

                        About Field Family

Five creditors filed an involuntary Chapter 11 bankruptcy petition
against King of Prussia, Pa.-based Field Family Associates, LLC
(Bankr. E.D. Pa. Case No. 12-16331) on July 2, 2012.  On Sept. 6,
2012, a sixth creditor filed a Joinder in the involuntary Chapter
11 Petition.  The Court entered an order for relief on Sept. 12,
2012.  The Debtor owns and operates a 216-room hotel located at
144-10 135th Steet, in Jamaica, New York.

Judge Stephen Raslavich presides over the case.  Catherine G.
Pappas, Esq., Lawrence G. McMichael, Esq., and Peter C. Hughes,
Esq., at Dilworth Paxson LLP, in Philadelphia, Pa., represent the
Alleged Debtor as counsel.  Ashely M. Chan, Esq., at Hangley
Aronchick Segal & Pudlin, in Philadelphia, Pa., represents the
petitioning creditors as counsel.

The U.S. Trustee appointed a three-member creditors committee.
Hangley Aronchick Segal Pudline & Schiller represents the
Committee.


FIELD FAMILY: Amended Plan Effective Date Extended Until Feb. 28
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
extended until Feb. 28, 2014, the date upon which Field Family
Associates LLC's confirmed First Amended Plan of Reorganization
may be declared effective.

The Court confirmed the Debtor's First Amended Plan on Oct. 2,
2013.  As reported by the TCR on Nov. 27, 2013, the Plan
contemplates paying all creditors in full over time.  The Plan
will be funded from cash on hand, cash from future operations, and
a $2 million loan from The Field Family Trust, an affiliate of the
Debtor.  Existing owners will retain control of the company.

General unsecured claimants will receive amortized quarterly
payments equal to their allowed claim over a four-year period with
interest at the rate of 1% per annum, with the first payment to be
made on the Effective Date and on the first business day of each
quarter thereafter with the final payment to be made on the fourth
anniversary of the Effective Date.

New-Penn Management Co., Inc., will continue management of the
hotel.

The Debtor's current agreement with HLT Existing Franchise
Holding, LLC, by which it operates the Hotel as a Hampton Inn,
expired in November 2013.  The Debtor has engaged in negotiations
regarding continued operation of the hotel as a Hampton Inn.

A copy of the First Amended Disclosure Statement is available for
free at http://bankrupt.com/misc/FIELD_FAMILY_1ds.pdf

As reported in the Troubled Company Reporter on Jan. 6, 2014, the
Debtors filed an Amended Plan dated Dec. 10 to revise the
treatment of Class 5-General Unsecured Creditors.  Pursuant to the
amendment, in the event the Debtor elects to proceed under the so-
called Sale Option, the Allowed Class 5 Claims will be paid in
full in cash on the Effective Date.

A copy of the Second Amended Plan is available for free at:

     http://bankrupt.com/misc/FIELDFAMILYplan2.pdf

                        About Field Family

Five creditors filed an involuntary Chapter 11 bankruptcy petition
against King of Prussia, Pa.-based Field Family Associates, LLC
(Bankr. E.D. Pa. Case No. 12-16331) on July 2, 2012.  On Sept. 6,
2012, a sixth creditor filed a Joinder in the involuntary Chapter
11 Petition.  The Court entered an order for relief on Sept. 12,
2012.  The Debtor owns and operates a 216-room hotel located at
144-10 135th Steet, in Jamaica, New York.

Judge Stephen Raslavich presides over the case.  Catherine G.
Pappas, Esq., Lawrence G. McMichael, Esq., and Peter C. Hughes,
Esq., at Dilworth Paxson LLP, in Philadelphia, Pa., represent the
Alleged Debtor as counsel.  Ashely M. Chan, Esq., at Hangley
Aronchick Segal & Pudlin, in Philadelphia, Pa., represents the
petitioning creditors as counsel.

The U.S. Trustee appointed a three-member creditors committee.
Hangley Aronchick Segal Pudline & Schiller represents the
Committee.


FISKER AUTOMOTIVE: Court Approves Asset Sale of Assets to Wanxiang
------------------------------------------------------------------
Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. on
Feb. 18 disclosed that they have obtained bankruptcy court
approval of the sale of substantially all of their assets to
Wanxiang America Corporation.

"[Tues]day's approval of the sale of Fisker's assets to Wanxiang
affirms the value of the Fisker technology and its product
development capability," said Marc A. Beilinson, Fisker
Automotive's Chief Restructuring Officer.  "Throughout this
process, our goal has been to obtain the highest and best value
for our assets and to improve recoveries for our stakeholders.
With the sale to Wanxiang valued at approximately $150 million, we
have taken a critical step forward in this process."

Beilinson further added, "I would also like to thank both
Wanxiang, for its support for Fisker, and our Creditors' Committee
and its advisors for their constructive approach here."

The transaction is expected to close shortly, subject to customary
closing conditions.

Fisker Automotive is being advised by Kirkland & Ellis LLP and
Pachulski Stang Ziehl & Jones LLP as counsel, Evercore Partners as
investment banker and Beilinson Advisory Group as restructuring
advisor.

Wanxiang is advised by Sidley Austin LLP and Young Conway Stargatt
& Taylor LLP as counsel and M6 Business Advisors LLC as
restructuring advisor.


FLORIDA GAMING: Miami Jai-Alai Knocks out $37-Mil. Secured Claim
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Miami Jai-Alai fronton and casino successfully
chipped $37 million off a secured claim by lenders who allegedly
attempted to assume ownership through a "loan to own" scheme.

According to the report, U.S. Bankruptcy Judge Robert A. Mark
ruled on Feb. 5 that $33.6 million of the lenders' repurchase
claim should be subordinated below creditors' claims. Judge Mark
also said the claim will be treated as equity, calling for a
recalculation of stock ownership.

Judge Mark disallowed another $3.4 million in claims for original
issue discount and a prepayment penalty, the report said.

The report related that the controversy began in November when the
casino initiated a lawsuit to determine whether a sale would
entitle holders of secured debt to $26.8 million on top of the $90
million in principal.

Judge Mark's ruling left open the question of exactly how much in
a secured claim the lenders can bid at auction rather than cash,
the report noted.  Judge Mark sent the parties to mediation, which
must begin by Feb. 24.  Although Judge Mark recommended that
everyone agree on the amount of a credit bid, he set another
hearing for March 10 if there is no settlement.

                        About Florida Gaming

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

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

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

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

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

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.


FOX AND HOUND: Claims Bar Date Set for June 13
----------------------------------------------
Creditors of F & H Acquisition Corp., et al. must file their
proofs of claim not later than June 13, 2014.

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead
Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets.

As of the bankruptcy filing, the Debtors have 101 restaurants
located in 27 states and 6,000 employees.  Sales decreased by
approximately 9 percent over the past two years.  The Debtors also
experienced significant inflation in commodity prices, energy
prices and labor costs.

F&H estimated assets in excess of $100 million.  According to a
court filing, outstanding debt obligations total $119 million,
including $68.4 million owing on a first-lien loan with General
Electric Capital Corp. as agent.  The $11.2 million second-lien
obligation has Cerberus Business Finance LLC as agent.  Unsecured
trade suppliers and landlords are owed $11.2 million.

The senior lenders are to provide $9.6 million in financing for
the bankruptcy, with $3.5 million on an interim basis.

The parent holding company, F&H Acquisition Corp., is based in
Wichita, Kansas.

The Debtors have tapped Adam Friedman, Esq., at Olshan Frome
Wolosky LLP, in New York; and Robert S. Brady, Esq., Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware, as counsel;
Imperial Capital LLC as financial advisor; and Epiq Bankruptcy
Solutions as claims and noticing agent.

The U.S. Trustee has appointed seven members to an official
committee of unsecured creditors.  The Official Committee of
Unsecured Creditors is represented by Bradford J. Sandler, Esq.,
at Pachulski Stang Ziehl & Jones, LLP, in Wilmington, Delaware;
and Jeffrey N. Pomerantz, Esq., at Pachulski Stang Ziehl & Jones,
LLP, in Los Angeles, California.


FREEDOM INDUSTRIES: Wants to Fast-track Bankruptcy Process
----------------------------------------------------------
Andrea Lannom, writing for Charleston Daily Mail, reported that
Freedom Industries is asking the court to speed up the hearing
process and give the green light to hire experts and environmental
consultants to look into details of the Jan. 9 chemical spill.

According to the report, Freedom wants experts and consultants to
assist in remediation of the site, help preserve evidence and help
in the defense against lawsuit allegations.  The filing also
explained Freedom's insurance policies, which will pay for parts
of the remediation process.

In the bankruptcy court filing, Freedom requests the hearing on
this motion to take place at 10 a.m. on Feb. 21 -- the same time
the court will hear other bankruptcy motions, including the final
hearing on Freedom's financial motion, the report related.

In January's hearing on first-day motions, attorneys for West
Virginia American Water and Freedom Industries reached an
agreement for what's known as debtor-in-possession financing while
Freedom reorganizes under Chapter 11 bankruptcy code.

In this agreement, Freedom would get a $3 million cash infusion
from Mountaineer Funding with the potential for an extra $1
million later, the report further related.

                    About Freedom Industries

Freedom Industries Inc., the company connected to a chemical spill
that tainted the water supply in West Virginia, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. W.Va. Case
No. 14-bk-20017) on Jan. 17, 2014.  The case is assigned to Judge
Ronald G. Pearson.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

The Debtor estimated assets and debt of $1 million to $10 million.

The petition was signed by Gary Southern, president.


FREEDOM INDUSTRIES: McGuireWoods Can Represent Company for Now
--------------------------------------------------------------
Law360 reported that a West Virginia bankruptcy judge reconsidered
his decision to have McGuireWoods LLP represent Freedom Industries
Inc., allowing it to do so on an interim basis, after a U.S.
bankruptcy trustee asked to investigate the firm's connections to
the defunct company blamed for a chemical leak.

According to the report, approving the motion by the trustee, who
wants time to look into claims that the firm is too close to the
debtor, Judge Ronald G. Pearson amended and clarified his orders
of retention of counsel for the debtor.

As previously reported by The Troubled Company Reporter, citing
Daily Bankruptcy Review, Assistant U.S. Trustee Debra A. Wertman
is asking the Bankruptcy Court to give her and Freedom Industries'
creditors time to conduct a "full review" of disclosures of past
client relationships by Freedom's bankruptcy lawyers at
McGuireWoods to ensure the firm doesn't have any conflicts of
interest.

Ms. Wertman's court filing came after The Wall Street Journal
reported on McGuireWoods's representation of Chemstream Holdings
Inc. as the company acquired Freedom for $20 million in December.
The deal is ripe for scrutiny by creditors seeking damages from
Freedom for lost wages, lost business and property or personal
injury as a result of last month's chemical spill, which affected
the water supply of about 300,000 West Virginians, the Journal
related.

                    About Freedom Industries

Freedom Industries Inc., the company connected to a chemical spill
that tainted the water supply in West Virginia, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. W.Va. Case
No. 14-bk-20017) on Jan. 17, 2014.  The case is assigned to Judge
Ronald G. Pearson.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

The Debtor estimated assets and debt of $1 million to $10 million.

The petition was signed by Gary Southern, president.


FURNITURE BRANDS: Dimensional Fund No Longer Owns Shares
--------------------------------------------------------
Dimensional Fund Advisors LP disclosed in a Schedule 13G filing
with the U.S. Securities and Exchange Commission dated Feb. 10
that it no longer holds shares of the Common Stock of Furniture
Brands International Inc.

                       About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engaged in the designing,
manufacturing, sourcing and retailing home furnishings. Furniture
Brands markets products through a wide range of channels,
including company owned Thomasville retail stores and through
interior designers, multi-line/ independent retailers and mass
merchant stores.  Its brands include Thomasville, Broyhill, Lane,
Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

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

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

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

The official creditor's committee is comprised of the Pension
Benefit Guaranty Corp., Milberg Factors Inc. and five suppliers.
The Committee tapped Blank Rome LLP as co-counsel, Hahn &
Hessen LLP as lead counsel, BDO Consulting as financial advisor,
and Houlihan Lokey Capital, Inc., as investment banker.

In November 2013, Furniture Brands won bankruptcy court approval
to sell the business to KPS Capital Partners LP for $280 million.
Private-equity investor KPS formed a new company named Heritage
Home Group LLC to operate the business.


GENERAL MOTORS: Secures Aluminum for Trucks
-------------------------------------------
Jeff Bennett, Mike Ramsey and John W. Miller, writing for The Wall
Street Journal, reported that General Motors Co. is accelerating
efforts to field a largely aluminum-bodied pickup truck by late
2018, under pressure from federal fuel efficiency standards and
archrival Ford Motor Co., according to people familiar with the
matter.

The report related that the No. 1 U.S. auto maker recently locked-
in supply contracts with Alcoa Inc. and Novelis Inc., which are
now working to increase their aluminum sheet production to supply
the next-generation GM pickup, the people said. Aluminum sheet for
automotive bodies is in such high demand that companies need to
order it years in advance.

According to the report, the push to develop what the industry
calls an "aluminum intensive" large pickup marks an apparent
change of direction for GM, which has pursued smaller and lighter
weight steel-bodied trucks.

Before Ford's debut last month of its 2015 F-150, with a body made
almost entirely of aluminum, GM executives questioned whether such
a vehicle could be cost competitive or appealing to U.S.
customers, the report said.

Instead, GM developed two small pickups, the Chevrolet Colorado
and GMC Canyon, to meet rising demand for better fuel economy, the
report added. Those two vehicles are due to arrive on the market
as 2015 models this year.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.


GINGRICH GROUP: Think Tank Hits Ex-CEO With Clawback Suit
---------------------------------------------------------
Law360 reported that a defunct health care think tank founded by
Newt Gingrich filed a $35,000 clawback suit against its former CEO
in Georgia bankruptcy court, alleging the money was paid to her as
a bonus when the company was already insolvent.

According to the report, the Chapter 7 trustee for the estate of
The Gingrich Group LLC, formerly known as the Center for Health
Transformation, hit Nancy Desmond with an adversary suit seeking
the return of a $35,000 bonus paid to her in 2011.

                       About Gingrich Group

Gingrich Group, a health-care think tank founded by former U.S.
Republican presidential candidate Newt Gingrich, filed for
Chapter 7 bankruptcy liquidation (Bankr. N.D. Ga. Case No. 12-
59065) in April 2012.  A trustee was appointed automatically.
Gingrich Group filed formal lists showing property valued at
$79,000 and liabilities totaling $900,000.


HAAS ENVIRONMENTAL: Hires Guida Realty as Real Estate Broker
------------------------------------------------------------
The Hon. Kathryn C. Ferguson of the U.S. Bankruptcy Court for the
District of New Jersey has granted Haas Environmental, Inc.,
authorization to employ Guida Realty as real estate broker.

As reported by the Troubled Company Reporter on Feb. 14, 2014, the
Debtor sought to retain Guida Realty to market and locate a buyer
for its real estate located at 647 Market Street, Steubanville,
OH, and assist the Debtor in closing on the sale.  Guida Realty
will seek 6% commission on the gross proceeds of the sale.

Haas Environmental, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 13-27297) on Aug. 6, 2013.  Eugene Haas signed the
petition as president.  Judge Kathryn C. Ferguson presides over
the case.  The Debtor disclosed $10,127,069 in assets and
$11,595,611 in liabilities as of the Chapter 11 filing.  Jerrold
N. Poslusny, Jr., Esq., at Cozen O'Connor, in Cherry Hill, New
Jersey, serves as the Debtor's counsel.

Mary E. Seymour, Esq., at Lowenstein Sandler LLP, serves as
counsel for the Official Committee of Unsecured Creditors.


HAAS ENVIRONMENTAL: Wants to Sell Inventory to Anadarko Petroleum
-----------------------------------------------------------------
Haas Environmental, Inc., filed with the U.S. Bankruptcy Court for
the District of New Jersey a motion for entry of an order:

  (a) authorizing the sale and conveyance of Debtor's inventory,
free and clear of all liens, claims, and encumbrances, to Anadarko
Petroleum Corporation, or any other third-party offering
substantially similar terms to those offered by Anadarko; and

  (b) approving settlement with Cummings Land Management And
Development Company, the landlord at the location where the
inventory is stored.

The Debtor stores two million pounds of super absorbent palmer,
which absorbs water from drilling cuttings, in a facility in Troy,
Pennsylvania, pursuant to a lease with the Landlord.  The Debtor
has reached an agreement to sell Anadarko approximately 36 Super
Sacks per week at a rate of $0.35 per pound ($525 per Super Sack).
The Debtor estimates that it will recover approximately $19,500
per week.  The sale price is greater than what the Debtor paid to
purchase the Inventory, and the Debtor believes that this sale
price is favorable in the present market.

The Debtor has no present use for the Inventory and has been
pursuing a sale of the Inventory since prior to the Petition Date.
he Debtor believes that its agreement with Anadarko will generate
more revenue than by selling the Inventory at auction or in bulk.

The Lease provides for the Debtor to lease approximately 36,000
square feet of space from the Landlord for two years, with up to
three two-year renewals.  The Lease expires on April 17, 2015.
The Lease provides for the Debtor to pay monthly rent of $12,000
on the 18th day of each month.  Although the Debtor has not paid
post-petition rent, the Debtor has reached this agreement with the
Landlord to begin payment of post-petition rent and to reject the
Lease:

      a. the Landlord will provide the Debtor with access to the
         leased premises;

      b. for every two truckloads of Inventory sold by the Debtor,
         the Debtor will pay the Landlord one-month of post-
         petition rent until such time as the Debtor becomes
         current on its post-petition rent, at which time the
         Debtor will pay monthly rent as set forth in the Lease;

      c. the Debtor shall pay one-month of post-petition rent
         within 10 days of each two truckloads of Inventory that
         leave the premises; and

      d. the Debtor will be deemed to have rejected the Lease on
         the date that it completes removal of all of the
         Inventory and other personal property from the leased
         premises.  The Debtor will leave the leased premises in
         "broom clean" condition.

The Debtor believes that the settlement with the Landlord will
permit the Debtor to quickly and efficiently dispose of the
Inventory, while allowing the Debtor to maximize the value of the
Inventory for the Debtor's estate.

Pursuant to the consent order authorizing use of cash collateral
on an interim basis through Dec. 31, 2013, and approving
procedures for sale of certain pieces of collateral, entered on
Sept. 20, 2013, the Court authorized the Debtor to place the net
proceeds of the sale of the Inventory (up to $300,000) into escrow
to fund, in whole or part, the carve out for payment of the
Debtor?s and the Committee's allowed professional fees.  The
Debtor requests authority to place the net proceeds of the sale
into escrow (up to $300,000) pending further order of the Court.

Haas Environmental, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 13-27297) on Aug. 6, 2013.  Eugene Haas signed the
petition as president.  Judge Kathryn C. Ferguson presides over
the case.  The Debtor disclosed $10,127,069 in assets and
$11,595,611 in liabilities as of the Chapter 11 filing.  Jerrold
N. Poslusny, Jr., Esq., at Cozen O'Connor, in Cherry Hill, New
Jersey, serves as the Debtor's counsel.

Mary E. Seymour, Esq., at Lowenstein Sandler LLP, serves as
counsel for the Official Committee of Unsecured Creditors.


HOLT DEVELOPMENT: Cash Use Hearing Continued Until Confirmation
---------------------------------------------------------------
The Hon. Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee signed off on a fifth agreed interim
order authorizing Holt Development Co. LLC's use of cash
collateral, in which secured creditor Heritage Bank asserts an
interest.

By agreed orders, the Debtor and Heritage agreed to the Debtor's
continued use of cash collateral and other forms of adequate
protection.

A final hearing on the Debtor's request to use cash collateral was
scheduled for Jan. 14, 2014.  That hearing has been continued
until confirmation of the Debtor's plan of reorganization.

                       About Holt Development

Holt Development Co., LLC, filed a Chapter 11 petition (Bankr.
M.D. Tenn. Case No. 13-06154) on July 16, 2013.  The petition was
signed by Dannie R. Holt as chief manager.  Judge Randal S.
Mashburn presides over the case.  Gullett, Sanford, Robinson &
Martin, PLLC, serves as the Debtor's counsel.  The Debtor
estimated assets of at least $10 million and debts of at least
$1 million.

In its schedules, the Debtor disclosed $12,577,049 in assets and
$10,342,933 in liabilities as of the Petition Date.  The Debtor is
in the business of developing improved and unimproved properties
in Pleasant View, Cheatham County, Tennessee.


HOWREY LLP: Ruling May Curb Mobility of Attys at Struggling Firms
-----------------------------------------------------------------
Jennifer Smith, writing for The Wall Street Journal, reported that
partners at struggling law firms may find it harder to jump ship
in the future after a new ruling raised the risk of lawsuits
against the firms that hire them.

According to the report, firms that hire lawyers from bankrupt law
firms have long been subject to "unfinished business" claims,
which seek to recover profits from ongoing legal work that
partners take with them to their new homes.  Such claims have
typically been confined to firms that take on lawyers once a firm
has shut down, under the theory that pending matters are assets
that rightfully belong to the failed firm.

But California Bankruptcy Judge Dennis Montali's Feb. 7 ruling
this month in the case of defunct Washington, D.C., law firm
Howrey LLP has rattled some in the industry because it said that
partners who leave a firm before it dissolves also have a duty to
return any profits from unfinished legal work, the report said.
Judge Montali ruled that "there is no reason to limit the
definition of Howrey unfinished business to matters pending as of
dissolution."

The result, according to the Journal, could constrict a key escape
hatch for law-firm partners at a time when many firms, caught
between frugal clients and a dearth of business, are struggling to
boost revenue. At least 10 major law firms have gone under in the
past 15 years, scattering hundreds of partners who typically take
ongoing legal work with them to their next job. The next wave may
have a harder time making such moves as their firms circle the
drain.

Judge Montali gave bankruptcy trustee Allan B. Diamond the green
light to try to recoup any profits from such work from firms that
hired Howrey partners prior to the firm's demise.  That approach
could "throw a wrench into how law firms do their hiring," said
Barbra Parlin, Esq. -- barbra.parlin@hklaw.com -- a partner at
Holland & Knight LLP who is defending the law firm Orrick,
Herrington & Sutcliffe LLP against unfinished business and other
claims in a separate case relating to the defunct law firm Coudert
Brothers LLP.

                         About Howrey LLP

Three creditors filed an involuntary Chapter 7 petition (Bankr.
N.D. Cal. Case No. 11-31376) on April 11, 2011, against the
remnants of the Washington-based law firm Howrey LLP.  The filing
was in San Francisco, where the firm had an office.  The firm
previously was known as Howrey & Simon and Howrey Simon Arnold &
White LLP.  The firm at one time had more than 700 lawyers in 17
offices.  The partners voted to dissolve in March 2011.

The firm specialized in antitrust and intellectual-property
matters.  The three creditors filing the involuntary petition
together have $36,600 in claims, according to their petition.

The involuntary chapter 7 petition was converted to a chapter 11
case in June 2011 at the request of the firm.  In its schedules
filed in July, the Debtor disclosed assets of $138.7 million and
liabilities of $107.0 million.

Representing Citibank, the firm's largest creditor, is Kelley
Cornish, Esq., a partner at Paul, Weiss, Rifkind, Wharton &
Garrison.  Representing Howrey is H. Jason Gold, Esq., a partner
at Wiley Rein.

The Official Committee of Unsecured Creditors is represented in
the case by Bradford F. Englander, Esq., at Whiteford, Taylor And
Preston LLP.

In September 2011, Citibank sought conversion of the Debtor's case
to Chapter 7 or, in the alternative, appointment of a Chapter 11
Trustee.  The Court entered an order appointing a Chapter 11
Trustee. In October 2011, Allan B. Diamond was named as Trustee.
He is represented by Andrew Baxter Ryan, Esq., and Stephen Todd
Loden, Esq., at Diamond McCarthy LLP as counsel.


HOUSTON REGIONAL: Owes $27-Mil. Each to Astros, Rockets
-------------------------------------------------------
David Barron, writing for The Houston Chronicle, reported that the
Astros and Rockets each claim they are owed more than $27 million
in unpaid rights fees by Comcast SportsNet Houston, according to
documents filed in the network's Chapter 11 bankruptcy case.

According to the report, the teams top a list of the 25 largest
unsecured claims against the network, totaling about $60 million,
submitted in advance of a hearing before U.S. Bankruptcy Judge
Marvin Isgur.

The Astros, who own 46 percent of the partnership, and Rockets,
who own 31 percent, are by far the largest unsecured creditors,
the report related.  The Astros, who were not paid their rights
fees for the final three months of the 2013 season, are owed
$27,898,563, and the Rockets, who have not been paid this season,
are owed $27,683,693, the report further related.

NBA Media Ventures, which is owed $1.5 million, is the third
largest creditor, the report said.  The network also owes $250,000
to the Harris County Appraisal District and Houston Independent
School District and six-figure sums to four other entities --
Comcast Sports Management Services, NBC Universal Media, Home Team
Sports and Game Creek Video.

               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.

The Troubled Company Reporter on Feb. 14, 2014, said Judge Isgur
granted the involuntary Chapter 11 petition against Houston
Regional.


IN PLAY MEMBERSHIP: Wells' Confirmation Objection Premature
-----------------------------------------------------------
Judge Elizabeth M. Brown ruled that a letter filed by Robert and
Beverly Wells, homeowners at Plum Creek, is deemed to be an
objection to confirmation of In Play Membership Golf, Inc.'s
Chapter 11 plan.

The Debtor filed a Third Amended Plan and Disclosure Statement on
Jan. 7, 2014, and a hearing on adequacy of the Disclosure
Statement has been set.  No time for filing objections to
confirmation has been set.

Accordingly, the bankruptcy judge ordered that the objection is
denied as premature.  The judge held that the objection may be
re-filed once a deadline for objection to confirmation has been
set.

                        The Chapter 11 Plan

As reported by the Troubled Company Reporter on Nov. 20, 2013, the
Debtor's reorganization plan calls for the purchase of the
Debtor's golf courses, and the golf course of Eagle Mountain Golf
Course, LLC, located in Fort Worth, Texas, which are owned by
Stacey Hart, the Debtor's principal, by Oread Capital &
Development, LLC, for $14 million for the purpose of developing
residential housing and the continued operation of Deer Creek Golf
Course as a nine hole course by the Debtor after confirmation.
The purchase is subject to court approval through a confirmed Plan
which must pay all creditors in full.  A full-text copy of the
Second Amended Disclosure Statement, dated Sept. 18, 2013, is
available for free at http://bankrupt.com/misc/INPLAYds0918.pdf

The TCR reported on Dec. 26, 2013, that the Court extended, at
the behest of the Debtor, the deadline to file the Debtor's Third
Amended Plan of Reorganization and Third Amended Disclosure
Statement to Jan. 7, 2014.

                  About In Play Membership Golf

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


INT'L CUISINE: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------
Debtor: International Cuisine Corp.
        1045 Ashford Ave.
        San Juan, PR 00907

Case No.: 14-01101

Chapter 11 Petition Date: February 17, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Enrique S. Lamoutte Inclan

Debtor's Counsel: Winston Vidal-Gambaro, Esq.
                  WINSTON VIDAL LAW OFFICE
                  PO BOX 193673
                  San Juan, PR 00919-3673
                  Tel: (787) 751-2864
                  Fax: (787) 763-6114
                  Email: wvidal@prtc.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jorge Dominguez-Pereyra, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb14-1101.pdf


INT'L ENVIRONMENTAL: Bank Loan Maturity Extended Until June 30
--------------------------------------------------------------
Richard A. Marshack, Esq., at Marshack Hays LLP, on behalf of
Howard B. Grobstein, Chapter 11 trustee for International
Environmental Solutions Corporation, asks the Bankruptcy Court to
approve a second stipulation with EH National Bank relating to the
outstanding amount due under a previously approved stipulation.

On July 23, 2012, the Chapter 11 trustee entered into a
stipulation with the Debtor, EH National Bank fka Excel National
Bank and Wayne Herling on behalf of certain investors who agreed
to invest funds to enable the trustee to purchase debt owed the
Bank, the Bank's notes, and the Bank's first priority security
interest in all of Debtor's assets.  The stipulation resolved the
Bank's claims, prevented the Bank from seeking relief from stay
and foreclosing on all of the estate's assets, and allowed the
trustee to enter into a transaction that would provide a stream of
royalty payments to the estate.

On Sept. 7, 2012, the Court approved the First Stipulation.  The
First Stipulation, among other things, required IES to repay the
Bank in full for all debt owed by IES to the Bank on or before
Dec. 31, 2013.  As of June 30, 2012, IES owed the Bank $2,350,980.

In this relation, the Bank has agreed to extend the maturity date
of the debt to June 30, 2014, because the trustee needs estate
funds to pay patent annuities that continue to come due on an
ongoing basis.  On Dec. 31, the trustee and the Bank entered into
a stipulation to document the new terms.  Pursuant to the Second
Stipulation, the trustee will pay the Bank $50,000 from the sale
of the 8TPD (a machine that converts 8 tons per day) upon entry of
an order approving the motion.

            About International Environmental Solutions

Karen Bertram, James Hinkle, Blaine Scott Molle & Dennis Molle,
and Linda Babb filed an involuntary Chapter 11 petition against
International Environmental Solutions Corporation, dba IES
Corporation (Bankr. C.D. Calif. Case No. 12-16268) on March 13,
2012.

IES consented to the entry of an order for relief under Chapter 11
on May 10, 2012.  Judge Wayne E. Johnson presides over the case.
The Debtor hired Goe & Forsythe, LLP, as counsel.  The Debtor
disclosed $25,129,244 in assets and $10,387,254 in liabilities.

At the behest of a shareholder, the U.S. Trustee appointed Howard
Grobstein as Chapter 11 trustee for the Debtor's estate.  Marshack
Hays as his general counsel Crowe Horwath LLP as his accountants
Dzida, Carey & Steinman as his special transactional counsel.
Stetina Brunda Garred & Brucker as his special patent and
trademark counsel.


INTERNATIONAL FOREIGN: Plan Filing Extension Hearing on Feb. 27
---------------------------------------------------------------
The Hon. Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York has set for Feb. 27, 2014, at 9:45
a.m. (EST) the hearing to consider International Foreign Exchange
Concepts Holdings, Inc., et al.'s motion to extend the exclusive
period to file a Chapter 11 plan through and including May 14,
2014, and the exclusive period to solicit acceptances of that plan
through and including July 14, 2014.

Objections to the Debtors' requested extension must be filed by
Feb. 24, 2014, 4:00 p.m. (EST).

Henry P. Baer, Jr., Esq., at Finn Dixon & Herling LLP, the counsel
for the Debtors, stated in a court filing dated Feb. 14, 2014,
that the size and complexity of the Debtors' pre-petition business
made its eventual wind-down and liquidation more complex than its
current size would suggest.  "Although the related funds were
largely shut down prior to the Petition Date and the investor
funds (all of which were held in and managed by non-debtors) have
been returned to investors, the funds and other regulated entities
needed to be, and in some respects still need to be, formally
resolved.  Although there were relatively few tasks that needed to
be accomplished prior to proposing -- and hopefully confirming --
a liquidating plan, those tasks have the potential to be
complicated, involve several international entities and regulatory
schemes, and require some time to work through," Mr. Baer said.

According to Mr. Baer, the Debtors are in the process of reviewing
and analyzing creditor claims for potential objection, and will
need to develop and implement a process for resolving any
objections to those claims.  The Debtors will also need to resolve
certain tax issues that may exist with respect to pre-petition
business operations and the post-petition sale of their assets,
and will need to finally resolve certain pending issues with
respect to the wind-up of non-debtor international subsidiaries.

               About International Foreign Exchange

International Foreign Exchange Concepts Holdings, Inc., and
International Foreign Exchange Concepts, L.P., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
13-13380) on Oct. 17, 2013.

Judge Robert Gerber oversees the case.  Counsel to the Debtors is
Henry P. Baer, Jr., Esq., at Finn Dixon & Herling LLP, in
Stamford, Connecticut.  The Debtors' restructuring advisors is CDG
Group.  DiConza Traurig LLP serves as conflicts counsel.  The
Debtors' special counsel is Withers Bergman LLP.  The Debtors'
notice, claims, solicitation and balloting agent is Logan &
Company, Inc.

Counsel to AMF-FXC Finance LLC, the DIP lender, is Michael L.
Cook, Esq., and Christopher Harrison, Esq., at Schulte Roth &
Zabel LLP, in New York.  The Debtors retained Logan & Company,
Inc., as administrative advisor.

International Foreign Exchange Concepts Holdings Inc., the parent
of investment adviser FX Concepts LLC, sold assets for
$7.48 million to Ruby Commodities Inc., at an auction held
Nov. 25, 2013.  The sale was an old-fashioned auction with the
assets first offered in six lots and then in bulk.  The piecemeal
auction fetched combined bids of $3.38 million.  When the assets
were offered in bulk, Ruby came out on top with an offer of $7.48
million, which the bankruptcy court in New York approved Nov. 26.


INTERNATIONAL FOREIGN: Wants CDG Group as Restructuring Advisor
---------------------------------------------------------------
International Foreign Exchange Concepts Holdings, Inc., et al.,
filed a motion with the U.S. Bankruptcy Court for the Southern
District of New York seeking to extend the employment and
retention of CDG Group, LLC, to provide restructuring advisory
services for the Debtors.

As reported by the Troubled Company Reporter on Dec. 27, 2013,
the Hon. Robert E. Gerber authorized the Debtors to employ CDG
to provide crisis management services to the Debtors; and to
employ Michael Meenan, managing director of CDG, as chief
restructuring officer until March 1, 2014.

Henry P. Baer. Jr., Esq., at Finn Dixon & Herling LLP, the
attorney for the Debtors, stated in the court filing dated
Feb. 14, 2014, that the extended retention would be on terms
identical to those approved in the CDG retention court order, but
without a limit to the time for which this retention applies.

Mr. Meenan will continue to act as the Debtors' Chief
Restructuring Officer and CDG will provide restructuring
management services as requested by the Debtors, including:

      a. serve as a principal contact with the Debtors' creditors
         with respect to the Debtors' financial and operational
         matters;

      b. gather and analyze data (including the Debtors' existing
         indebtedness), interview appropriate management and
         evaluate the Debtors' existing liquidity, financial
         forecasts and budgets;

      c. evaluate the feasibility of strategic alternatives being
         considered by the Debtors given their current operating
         businesses, current capital structure and business
         prospects;

      d. manage the liquidation of the Debtors' assets, including
         communicating with potential interested parties;

      e. assist the Debtors in their preparation for any necessary
         filing under the U.S. Bankruptcy Code; and

      f. perform other services and analyses relating to the
         foregoing and as the parties hereto mutually agree.

CDG will be entitled to a monthly fee equal to $50,000 per month,
plus reasonable out-of-pocket expenses incurred in connection with
these cases, including travel costs, lodging, meals, research,
telephone and facsimile, courier, overnight mail and copy
expenses, as well as other attendant costs that CDG may reasonably
incur in connection with these Chapter 11 cases.

The Debtors will present the motion before the Court for approval
on Feb. 28, 2014, at 9:45 a.m., prevailing Eastern Time.
Objections to the motion must be filed by Feb. 25, 2014, at
4:00 p.m. (prevailing EST).

               About International Foreign Exchange

International Foreign Exchange Concepts Holdings, Inc., and
International Foreign Exchange Concepts, L.P., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
13-13380) on Oct. 17, 2013.

Judge Robert Gerber oversees the case.  Counsel to the Debtors is
Henry P. Baer, Jr., Esq., at Finn Dixon & Herling LLP, in
Stamford, Connecticut.  The Debtors' restructuring advisors is CDG
Group.  DiConza Traurig LLP serves as conflicts counsel.  The
Debtors' special counsel is Withers Bergman LLP.  The Debtors'
notice, claims, solicitation and balloting agent is Logan &
Company, Inc.

Counsel to AMF-FXC Finance LLC, the DIP lender, is Michael L.
Cook, Esq., and Christopher Harrison, Esq., at Schulte Roth &
Zabel LLP, in New York.  The Debtors retained Logan & Company,
Inc., as administrative advisor.

International Foreign Exchange Concepts Holdings Inc., the parent
of investment adviser FX Concepts LLC, sold assets for
$7.48 million to Ruby Commodities Inc., at an auction held
Nov. 25, 2013.  The sale was an old-fashioned auction with the
assets first offered in six lots and then in bulk.  The piecemeal
auction fetched combined bids of $3.38 million.  When the assets
were offered in bulk, Ruby came out on top with an offer of $7.48
million, which the bankruptcy court in New York approved Nov. 26.


INVESTORS CAPITAL: Case Dismissal Hearing Continued Until March 18
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Kentucky,
according to Investors Capital Partners II, LP's case docket,
continued until March 18, 2014, at 10:00 a.m., the hearing to
consider creditor PBI Bank, Inc.'s motion to dismiss the case, or,
in the alternative, convert the case to one under Chapter 7 of the
Bankruptcy Code.

According to the docket entry, the Court denied confirmation of
the Debtor's First Amended Chapter 11 Plan, and deemed as moot the
Debtor's motion regarding certain Plan modifications and
clarifications.

The Debtor had objected to the bank's Motion, stating that to the
extent that the Debtor is not able to confirm its Plan at the
evidentiary hearing scheduled for Feb. 3, 2014, the Debtor
requested that the Court set the motion out for hearing on a date
that is at least 21 days from the filing of the motion, so that
the Debtor will have adequate time to substantively respond and
fully brief the issues raised in the motion.

PBI argued, among other things, that:

   1. the Debtor is unable to propose a confirmable plan and
      dismissal is proper for cause;

   2. the Debtor continues to experience significant losses and
      diminution to the estate and cannot reasonably be
      rehabilitated in a reasonable amount of time; and

   3. the case was filed in bad faith and must be dismissed.

                    About Investors Capital II

Brentwood, Tennessee-based Investors Capital Partners II, LP and
two affiliates sought Chapter 11 protection (Bankr. W.D. Ky. Case
Nos. 12-11575 to 11677) in Bowling Green, Kentucky, on Dec. 19,
2012.

ICP II estimated assets of at least $10 million and liabilities of
less than $10 million.  It owns a 35-acre commercial development
near Glasgow, Kentucky. The ICP II property is home to a Marquee
Cinema, Dollar Tree, and Aaron's Rents and also consists of seven
parcels of undeveloped land.

Debtor-affiliate Investors Capital Partners I, LP owns multiple
parcels of undeveloped land near Nolensville, Tennessee.
Investors Land Partners II, LP owns partially developed land,
consisting of six adjoining parcels of real property, near
Nashville, Tennessee.

Laura Day DelCotto, Esq., and Amelia Martin Adams, Esq., at
DelCotto Law Group, PLLC, represent the Debtor as counsel.

In court filings, the Debtors said their lenders have attempted to
foreclose against the Debtors' assets, and the Debtors have been
unable to reach agreements with their lenders that would allow the
Debtors to reorganize their debts in an orderly manner; thus, the
Debtors have little option except for the development of a joint
plan to reorganize operations and restructure debts for the
benefit of all creditors and parties in interest.


JEH COMPANY: Disclosure Statement Hearing on March 3
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, Fort
Worth Division, will convene a hearing on March 3 at 2:00 p.m. to
consider the adequacy of the disclosure statement explaining JEH
Company and its debtor-affiliates Chapter 11 plan, according to
the scheduling order signed by the bankruptcy judge.

Written objections to the disclosure statement are due Feb. 19,
2014.

JEH Company, et al., on Jan. 21, 2014 filed a proposed Plan of
Reorganization and Disclosure Statement on Jan. 21, 2014.

The Debtors say the Plan provides an opportunity for partial or
full recovery of unsecured creditors.

The Plan proposes to treat secured creditors as follows:

    * In the event Bridgewell Resources, LLC, G.A.P. Roofing,
Inc., and Worthington National Bank each does not agree in writing
that its claim will be treated as an unsecured claim, then an
adversary proceeding will be filed against the claimant.  The
secured claim of the claimants, to the extent allowed, will be
paid in full from the effective date of the Plan through the date
of the payment.

    * To the extent that an agreement is reached with Frost Bank
on the amount due to the bank, then the secured claim of Frost
Bank will be paid no earlier than on the Effective Date, nor later
than 30 days following the Effective Date, provided that the
Debtor retains sufficient assets to satisfy the claims of ad
valorem tax creditors.

    * The secured claim of Wells Fargo and all claims of Wells
Fargo will be considered fully paid and satisfied by the prior
sale and/or surrender to Wells Fargo by the 30th day following the
Effective Date, except as otherwise agreed to by that party.

To pay off general unsecured creditors, the Debtors will liquidate
all assets of the estates of JEHCO and JEH Leasing Company with
specific direction to emphasize a market return for collection or
sale of accounts receivable, equipment and real property assets.
The first payment to each creditor will be due and owing beginning
on the 60th day of the Effective Date and then due and owing when
for any period of 60 days cash proceeds of the liquidation of
assets exceed by $100,000 the secured claims against the proceeds,
and a reserve equal to the next three months budget for expenses.
If at any time when the remaining assets of JEHCO are believed to
have a value of $100,000 or less, then the debtor will promptly
liquidate all remaining assets and dispersed the remaining
proceeds to unsecured creditors.

The equity interest holders will receive no payments for any
equity interests at any time.

A copy of the Disclosure Statement is available for free at:
http://bankrupt.com/misc/JEH_Co_DS_Jan14.pdf

                         About JEH Company

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

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

In its schedules, JEH Company disclosed $13,606,753 and
$18,351,290 in liabilities as of the Petition Date.

JEH Stallion Station, Inc., disclosed $364,007 in assets and
$3,982,012 in liabilities as of the Petition Date.

JEH Leasing Company, Inc., disclosed $1,242,187 in assets and
$155,216 in liabilities as of the Petition Date.


KIDSPEACE CORP: Plan Outline Okayed; Confirmation Hearing in April
------------------------------------------------------------------
Judge Richard E. Fehling on Feb. 4, 2014 entered an order ruling
that KidsPeace Corporation, et al.'s disclosure statement contains
adequate information and thus authorized the Debtors to begin
soliciting votes on the Plan.

Ballots and objections to confirmation of the Plan are due March
24, 2014.  The bankruptcy court will convene a hearing on April 3,
2014, at 11:00 a.m., to consider confirmation of the Debtors'
First Modified Joint Plan of Reorganization.

A copy of the First Modified Disclosure Statement dated Feb. 4,
2014, is available for free at:

    http://bankrupt.com/misc/KidsPeace_1st_Mod_DS.pdf

                       About KidsPeace Corp.

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

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

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

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

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

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

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

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

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


LOEHMANN'S HOLDINGS: FTI Consulting Okayed as Panel's Advisor
-------------------------------------------------------------
The Hon. Martin Glenn of the U.S. Bankruptcy Court for the
Southern District of New York has granted the Official Committee
of Unsecured Creditors of Loehmann's Holdings Inc. and its debtor-
affiliates permission to retain FTI Consulting, Inc., as financial
advisor to the Committee, nunc pro tunc to Dec. 23, 2013.

As reported by the Troubled Company Reporter on Feb. 4, 2014, the
Committee requires FTI Consulting to provide, among other things,
assistance with the review of the Debtors' analysis of business
assets and the disposition or liquidation of these assets.

                          About Loehmann's

Discount retailer Loehmann's Holdings Inc., and two affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
13-14050) on Dec. 15, 2013.

This is Loehmann's third bankruptcy filing, but this time it will
be a liquidation with going-out-of-business sales.

The first bankruptcy was a 14-month Chapter 11 reorganization
completed in September 2000.  At the time the chain had 44 stores
in 17 states.  The second bankruptcy culminated in a
reorganization plan implemented in March 2011.  It was acquired by
Istithmar in July 2006 in a $300 million transaction.

Loehmann's, based in the Bronx borough of New York City, operated
39 stores in 11 states as of the 2013 bankruptcy filing.

In the new Chapter 11 case, Loehmann's disclosed assets and debt
both totaling $96.7 million.  The debt includes $4.3 million on a
first-lien credit agreement with Wells Fargo Bank NA as agent, not
including about $9 million in letters of credit.

Kristopher M. Hansen, Esq., at Stroock & Stroock & Lavan LLP,
serves as counsel to the Debtors; Canaccord Genuity Inc. is the
investment banker; Clear Thinking Group LLC is the restructuring
advisor; and Epiq Bankruptcy Solutions LLC is the claims and
notice agent.

On Dec. 23, 2013, the Office of the United States Trustee for
Region 2 appointed the Committee, consisting of C2 Imaging LLC,
DDR Corp., Fownes Brothers & Co., Juicy Couture, National Retail
Consolidators, Regency Centers L.P., and Rutherford JV.  On Dec.
30, 2013, Fownes Brothers & Co. resigned from the Committee.  On
Jan. 2, 2014, the U.S. Trustee filed a notice adding CHL Design
Forum Ltd. to the Committee.  The Committee selected James S.
Carr, Esq., Robert L. LeHane, Esq., and Benjamin D. Feder, Esq.,
at Kelley Drye & Warren LLP as its proposed legal advisors and FTI
Consulting, Inc. as its financial advisors.

Loehmann's held auctions on Jan. 3 and 4, 2014.  A joint venture
among SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty
Partners LLC acquired the rights to conduct going-out-of-business
sales by buying inventory, furniture, fixtures, accounts
receivable and cash.  They bid $19 million.

Madison Capital Holdings LLC won the auction for the lease-
designation rights, and can look for other retailers to take over
Loehmann's leases.  Esopus Creek Advisors LLC won the auction for
intellectual property.

Loehmann's hasn't disclosed the size of the winning bids,
according to Bloomberg News.

On Jan. 7, 2014, the U.S. Bankruptcy Court authorized the joint
venture of SB Capital, Tiger Capital and A & G Realty to conduct
"Going Out of Business" sales in each of Loehmann's 39 locations
in 11 states and the District of Columbia.  The GOB sales began
Jan. 9.


LOEHMANN'S HOLDINGS: Panel Has OK to Hire Kelley Drye as Counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Loehmann's
Holdings Inc. and its debtor-affiliates obtained authorization
from the U.S. Bankruptcy Court for the Southern District of New
York to retain Kelley Drye & Warren LLP as counsel to the
Committee, nunc pro tunc to Dec. 23, 2013.

As reported by the Troubled Company Reporter on Feb. 4, 2014, the
Committee requires Kelley Drye to, among other things, assist the
Committee in its investigation of the acts, conduct, assets,
liabilities and financial condition of the Debtors, operation of
the Debtors' businesses and the desirability of continuing or
selling such businesses and assets under 11 U.S.C. Section 363,
the formulation of a Chapter 11 plan, and any other matter
relevant to these Chapter 11 cases.

                          About Loehmann's

Discount retailer Loehmann's Holdings Inc., and two affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
13-14050) on Dec. 15, 2013.

This is Loehmann's third bankruptcy filing, but this time it will
be a liquidation with going-out-of-business sales.

The first bankruptcy was a 14-month Chapter 11 reorganization
completed in September 2000.  At the time the chain had 44 stores
in 17 states.  The second bankruptcy culminated in a
reorganization plan implemented in March 2011.  It was acquired by
Istithmar in July 2006 in a $300 million transaction.

Loehmann's, based in the Bronx borough of New York City, operated
39 stores in 11 states as of the 2013 bankruptcy filing.

In the new Chapter 11 case, Loehmann's disclosed assets and debt
both totaling $96.7 million.  The debt includes $4.3 million on a
first-lien credit agreement with Wells Fargo Bank NA as agent, not
including about $9 million in letters of credit.

Kristopher M. Hansen, Esq., at Stroock & Stroock & Lavan LLP,
serves as counsel to the Debtors; Canaccord Genuity Inc. is the
investment banker; Clear Thinking Group LLC is the restructuring
advisor; and Epiq Bankruptcy Solutions LLC is the claims and
notice agent.

On Dec. 23, 2013, the Office of the United States Trustee for
Region 2 appointed the Committee, consisting of C2 Imaging LLC,
DDR Corp., Fownes Brothers & Co., Juicy Couture, National Retail
Consolidators, Regency Centers L.P., and Rutherford JV.  On Dec.
30, 2013, Fownes Brothers & Co. resigned from the Committee.  On
Jan. 2, 2014, the U.S. Trustee filed a notice adding CHL Design
Forum Ltd. to the Committee.  The Committee selected James S.
Carr, Esq., Robert L. LeHane, Esq., and Benjamin D. Feder, Esq.,
at Kelley Drye & Warren LLP as its proposed legal advisors and FTI
Consulting, Inc. as its financial advisors.

Loehmann's held auctions on Jan. 3 and 4, 2014.  A joint venture
among SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty
Partners LLC acquired the rights to conduct going-out-of-business
sales by buying inventory, furniture, fixtures, accounts
receivable and cash.  They bid $19 million.

Madison Capital Holdings LLC won the auction for the lease-
designation rights, and can look for other retailers to take over
Loehmann's leases.  Esopus Creek Advisors LLC won the auction for
intellectual property.

Loehmann's hasn't disclosed the size of the winning bids,
according to Bloomberg News.

On Jan. 7, 2014, the U.S. Bankruptcy Court authorized the joint
venture of SB Capital, Tiger Capital and A & G Realty to conduct
"Going Out of Business" sales in each of Loehmann's 39 locations
in 11 states and the District of Columbia.  The GOB sales began
Jan. 9.


LOEHMANN'S HOLDINGS: Unsecured Creditors to Get Distributions
-------------------------------------------------------------
Unsecured creditors in the Chapter 11 cases of LHI Liquidation Co.
Inc., f/k/a Loehmann's Holdings Inc., and its debtor affiliates
will receive a distribution under a liquidating plan, according to
papers filed with the U.S. Bankruptcy Court for the Southern
District of New York.

In order to resolve the Official Committee of Unsecured Creditors'
objection to the final approval of the order authorizing the
Debtors to use the cash collateral securing their prepetition
indebtedness, the Committee, the Secured Creditors and the Debtors
agreed to a wind down of the Chapter 11 cases.

Under the terms of the Case Wind Down Agreement, the (a) Second
Lien Secured Creditors will receive 92.5% of the Net Distributable
Value plus $5,743,419 previously paid by the Debtors on Jan. 27,
2014, plus the Second Lien Reduction Payment and (b) holders of
allowed general unsecured claims will receive 7.5% of the Net
Distributable Value plus the GUC True-Up Amount.

The "Net Distributable Value" will mean all cash remaining in the
Debtors' estates upon administration of the Chapter 11 Cases in
accordance with the Cash Collateral Budget and the Chapter 11
Plan, other than the GUC True-Up Amount.

The Debtors will propose a plan of liquidation that provides for
full releases for the Secured Creditors and the Debtors' officers
and directors and is otherwise reasonably satisfactory to the
Second Lien Secured Creditors and the Committee.  The Committee
agrees to affirmatively support the Debtors' efforts to obtain
confirmation of, and to consummate, the Chapter 11 Plan.

The aggregate amounts set forth under the Budget line item for
Unsecured Creditors Professionals incurred through the end of
these Chapter 11 Cases will not exceed $600,000.

                         About Loehmann's

Discount retailer Loehmann's Holdings Inc., and two affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
13-14050) on Dec. 15, 2013.

This is Loehmann's third bankruptcy filing, but this time it will
be a liquidation with going-out-of-business sales.

The first bankruptcy was a 14-month Chapter 11 reorganization
completed in September 2000.  At the time the chain had 44 stores
in 17 states.  The second bankruptcy culminated in a
reorganization plan implemented in March 2011.  It was acquired by
Istithmar in July 2006 in a $300 million transaction.

Loehmann's, based in the Bronx borough of New York City, operated
39 stores in 11 states as of the 2013 bankruptcy filing.

In the new Chapter 11 case, Loehmann's disclosed assets and debt
both totaling $96.7 million.  The debt includes $4.3 million on a
first-lien credit agreement with Wells Fargo Bank NA as agent, not
including about $9 million in letters of credit.

Kristopher M. Hansen, Esq., at Stroock & Stroock & Lavan LLP,
serves as counsel to the Debtors; Canaccord Genuity Inc. is the
investment banker; Clear Thinking Group LLC is the restructuring
advisor; and Epiq Bankruptcy Solutions LLC is the claims and
notice agent.

On Dec. 23, 2013, the Office of the United States Trustee for
Region 2 appointed the Committee, consisting of C2 Imaging LLC,
DDR Corp., Fownes Brothers & Co., Juicy Couture, National Retail
Consolidators, Regency Centers L.P., and Rutherford JV.  On Dec.
30, 2013, Fownes Brothers & Co. resigned from the Committee.  On
Jan. 2, 2014, the U.S. Trustee filed a notice adding CHL Design
Forum Ltd. to the Committee.  The Committee selected James S.
Carr, Esq., Robert L. LeHane, Esq., and Benjamin D. Feder, Esq.,
at Kelley Drye & Warren LLP as its proposed legal advisors and FTI
Consulting, Inc. as its financial advisors.

Loehmann's held auctions on Jan. 3 and 4, 2014.  A joint venture
among SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty
Partners LLC acquired the rights to conduct going-out-of-business
sales by buying inventory, furniture, fixtures, accounts
receivable and cash.  They bid $19 million.

Madison Capital Holdings LLC won the auction for the lease-
designation rights, and can look for other retailers to take over
Loehmann's leases.  Esopus Creek Advisors LLC won the auction for
intellectual property.

Loehmann's hasn't disclosed the size of the winning bids,
according to Bloomberg News.

On Jan. 7, 2014, the U.S. Bankruptcy Court authorized the joint
venture of SB Capital, Tiger Capital and A & G Realty to conduct
"Going Out of Business" sales in each of Loehmann's 39 locations
in 11 states and the District of Columbia.  The GOB sales began
Jan. 9.


LOS GATOS HOTEL: Disclosure Statement Hearing Moved to April 24
---------------------------------------------------------------
The Bankruptcy Court continued until April 24, 2014, at 2:30 p.m.,
the hearing to consider:

   1. the adequacy of information in the Third Amended Disclosure
      Statement explaining Los Gatos Hotel Corporation's Third
      Amended Plan of Reorganization dated Dec. 20, 2013;

   2. the objection to the claim asserted by GCCFC 2006-GG7 Los
      Gatos Lodging Limited Partnership; and

   3. the objection to the claim asserted by Joie De Vivre
      Hospitality, Inc.

According to the Third Amended Disclosure Statement, under the
Plan, all litigation claims will be retained, preserved and vested
with the Debtor and sold to IHA Hotel Management Company, LLC,
doing business as Greystone Hotels as of the Effective Date.  The
purchase price will be $22.5 million in cash.

The sale proceeds will be used by the Debtor to (a) pay Holders of
Allowed Claims; (b) create a reserve in an amount sufficient to
pay Professional Fees after the hearing on such fees and to
pay Allowed Class 5 Claims after allowance or settlement of such
Claims; and (c) fund an escrow in an amount equal to 150% of the
remaining costs of remediation, but not less than $300,000, to be
used for the remediation of any environmental contamination on the
Debtor's property.  The sale is contingent upon IHA obtaining a
commitment from a lender to provide financing for the sale in the
amount of $13 million within 45 days after the date of entry of an
order confirming the Plan.

A copy of the Third Amended Disclosure Statement is available for
free at http://bankrupt.com/misc/LOSGATOSHOTEL3ds.pdf

                       About Los Gatos Hotel

San Jose, California-based Los Gatos Hotel Corporation, dba Hotel
Los Gatos, was formed in 2000 to build and operate Hotel Los
Gatos, a full-service boutique hotel in downtown Los Gatos,
California.

Los Gatos Hotel filed for Chapter 11 bankruptcy protection on
December 27, 2010 (Bankr. N.D. Cal. Case No. 10-63135).  The
Debtor disclosed $17,191,277 in assets and $12,896,468 in
liabilities as of the Chapter 11 filing.  Affiliate Blossom Valley
Investors, Inc., filed a separate Chapter 11 petition on September
10, 2009 (Bankr. N.D. Cal. Case No. 09-57669).

Jeffry A. Davis, Esq., at Mintz Levin Cohn Ferris Glovsky Popeo,
serves as the Debtor's bankruptcy counsel.  The Debtor has tapped
OSAS Inc. as financial advisor and investment banker.


LOS GATOS HOTEL: Creditor Doesn't Favor Quick Sale of Hotel
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California,
according to Los Gatos Hotel Corporation's case docket, continued
until Feb. 20, 2014, at 4:00 p.m., the hearing to consider
creditor Terrie Ogilvie Christiansen's motion to compel the Debtor
to market the hotel property for sale.

As reported in the Troubled Company Reporter on Dec. 27, 2013, the
Ogilvies asked the Court to require the Debtor to retain a broker
and expose the hotel to the market before seeking approval of any
sale.  According to the Ogilvies, the decision to ignore market
alternatives is unusual enough; choosing to do so in the face of
dramatic recent increases in hospitality industry values in the
Bay Area is inexplicable.  The hotel is profitable and has
substantial equity, so there is no need for an urgent sale.  The
Debtor must be required to retain a broker and to expose the hotel
to the market before it asks the Court to approve a quick sale.

                       About Los Gatos Hotel

San Jose, California-based Los Gatos Hotel Corporation, dba Hotel
Los Gatos, was formed in 2000 to build and operate Hotel Los
Gatos, a full-service boutique hotel in downtown Los Gatos,
California.

Los Gatos Hotel filed for Chapter 11 bankruptcy protection on
December 27, 2010 (Bankr. N.D. Cal. Case No. 10-63135).  The
Debtor disclosed $17,191,277 in assets and $12,896,468 in
liabilities as of the Chapter 11 filing.  Affiliate Blossom Valley
Investors, Inc., filed a separate Chapter 11 petition on September
10, 2009 (Bankr. N.D. Cal. Case No. 09-57669).

Jeffry A. Davis, Esq., at Mintz Levin Cohn Ferris Glovsky Popeo,
serves as the Debtor's bankruptcy counsel.  The Debtor has tapped
OSAS Inc. as financial advisor and investment banker.


MAXCOM TELECOMUNICACIONES: BofA et al Clarify Equity Stake
----------------------------------------------------------
Bank of America Corporation, BAS Capital Funding Corporation,
BankAmerica Investment Corporation, BASCFC-Maxcom Holdings I, LLC,
and Fleet Growth Resources, Inc., filed a joint Schedule 13G with
the U.S. Securities and Exchange Commission to disclose that none
of the reporting entities is the direct or indirect beneficial
owner of shares of Series A Common Stock of Maxcom
Telecomunicaciones, S.A.B. de C.V.

Bank of America et al. said Merrill Lynch, Pierce, Fenner & Smith
Incorporated -- MLPFS -- is the direct beneficial owner of 203
shares of Series A Common Stock, or approximately 0.0% of the
total outstanding Series A Common Stock.  MLPFS is wholly-owned by
NB Holdings Corporation.  The shares of Series A Common Stock
beneficially owned by MLPFS may be deemed to be beneficially owned
indirectly by Bank of America, the direct parent corporation of
NBH.

                           About Maxcom

Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico
City, Mexico, is a facilities-based telecommunications provider
using a "smart-build" approach to deliver last-mile connectivity
to micro, small and medium-sized businesses and residential
customers in the Mexican territory.  Maxcom launched commercial
operations in May 1999 and is currently offering local, long
distance, data, value-added, paid TV and IP-based services on a
full basis in greater metropolitan Mexico City, Puebla, Tehuacan,
San Luis, and Queretaro, and on a selected basis in several cities
in Mexico.

In June 2013, Maxcom didn't make an $11 million interest payment
on the notes.

Maxcom sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Case No. 13-11839) in Wilmington, Delaware, on July 23, 2013.

Maxcom listed $11.1 billion in assets and $402.3 million in debt.
The company had assets valued at 4.98 billion pesos ($394 million)
in the quarter ended March 31, according to an April 26 regulatory
filing.  The company reached a restructuring agreement with
Ventura Capital, a group holding about $86 million, or 48.7
percent, of the senior notes and about 44 percent of its equity
holders, court papers show.

The Company engaged Lazard Freres & Co. LLC and its alliance
partner Alfaro, Davila y Rios, S.C., as its financial advisor; and
Kirkland & Ellis LLP and Santamarina y Steta, S.C. as its U.S. and
Mexican legal advisors in connection with its restructuring
proceedings and Chapter 11 case.  The Ad Hoc Group retained Cleary
Gottlieb Steen & Hamilton LLP and Cervantes Sainz, S.C., as its
U.S. and Mexican legal advisors.  Ventura retained VACE Partners
as its financial advisor, and Paul Hastings LLP and Jones Day as
its U.S. and Mexican legal advisors, respectively.

Maxcom disclosed that the U.S. Bankruptcy Court in Delaware on
Sept. 10 entered an order confirming the Company's prepackaged
Chapter 11 plan of reorganization.  Confirmation of the Plan was
fully-consensual: the only class of creditors entitled to vote
overwhelmingly voted in favor of the Plan and no party objected to
confirmation of the Plan.

In October 2013, Maxcom's First Amended Joint Plan of
Reorganization became effective, and the Company emerged from
Chapter 11 protection.


MERCATOR TRANSPORT: Faunus Seeks Receivership of Units
------------------------------------------------------
Mercator Transport Group Corporation on Feb. 18 disclosed that
Faunus Group International, Inc. has filed a motion with the
Superior Court, District of Montreal, to have a receivership
appointed with respect to certain of Mercator's subsidiaries,
namely Mercator Transport International Inc., 6432328 Canada Inc.
("Mercator Global Services"), Mercator Canada Inc. and 6936954
Canada Inc. (previously "Mercator Transport France Inc.").

The motion was filed pursuant to Section 243 of the Bankruptcy and
Insolvency Act (Canada), considering the expiry, as of February
14, 2014, of the previously announced Forbearance Agreement with
FGI.

                     About Mercator Transport

Mercator Transport specializes in air, ocean and ground freight
forwarding, international logistics and distribution.  Based in
Montreal (Canada), with offices in Lyon (France) and Buenos Aires
(Argentina), Mercator Transport offers value-added services in
global supply chain management, and designs tailor-made solutions.
Customer intimacy and commitment differentiates Mercator Transport
in its ability to implement customers' requirements.


MI PUEBLO: Seeks Court Approval to Obtain $42-Mil. DIP Loan
-----------------------------------------------------------
Mi Pueblo San Jose, Inc. asked U.S. Bankruptcy Judge Arthur
Weissbrodt for approval to borrow up to $42 million in debtor-in-
possession financing.

The $42 million loan, of which up to $32.75 million will go to Mi
Pueblo while the rest will go to its affiliate Cha Cha Enterprises
LLC, will be provided by a group of lenders led by Victory Park
Capital Advisors, LLC.

Payment of Mi Pueblo's $32.75 million loan will be guaranteed by
Cha Cha Enterprises, which also agreed to pledge all its assets to
secure its $9.3 million loan with "first priority perfected liens"
and grant the lenders "super priority administrative claims."

The companies will use the loan to pay off their debt to Wells
Fargo Bank N.A. in exchange for the release of its liens that
would allow Cha Cha Enterprises to grant first priority liens to
the lenders to secure their loan.  The loan will also be used to
provide working capital to both companies for the next few months,
according to a Feb. 14 filing.

In the same filing, Mi Pueblo also asked for court approval to use
the lenders' cash collateral pursuant to budgets to be provided to
the lenders.  A copy of the DIP loan term sheet is available for
free at http://is.gd/C9K51N

Judge Weissbrodt will hold a hearing on Feb. 19 to consider
approval of the proposed financing.

                     About Mi Pueblo San Jose

Mi Pueblo San Jose, Inc., filed a Chapter 11 petition (Bankr. N.D.
Calif. Case No. 13-53893) in San Jose, California, on July 22,
2013.  An affiliate, Cha Cha Enterprises, LLC, sought Chapter 11
protection (Case No. 13-53894) on the same day.  The cases are not
jointly administered.

In its amended schedules, Mi Pueblo disclosed $61,577,296 in
assets and $68,735,285 in liabilities as of the Petition Date.

Heinz Binder, Esq., at Binder & Malter, LLP, is the Debtor's
general reorganization counsel.  The Law Offices of Wm. Thomas
Lewis, sometimes doing business as Robertson & Lewis, is the
Debtor's special counsel.  Avant Advisory Partners, LLC serves as
its financial advisors. Bustamante & Gagliasso, P.C. serves as its
special counsel.

The U.S. Trustee appointed seven members to the Official Committee
of Unsecured Creditors.  Protiviti Inc. serves as financial
advisor.  Stutman, Treister & Glatt P.C. serves as counsel to the
Committee.


MONTREAL MAINE: Victims Object to Proposed Paul Hastings Hiring
---------------------------------------------------------------
The Unofficial Committee of Wrongful Death Claimants in the
Chapter 11 case of Montreal Maine & Atlantic Railway, Ltd.,
objects to the Official Committee of Victims' application to
retain Paul Hastings LLP as its counsel.

The Unofficial Committee, which consists of representatives of the
estates of the 46 victims of the Lac-Megantic, Quebec crash,
complain that Paul Hastings is not "disinterested."  The
Unofficial Committee points out that Paul Hastings, as stated in
its affidavit, currently represents World Fuel Services
Corporation, which has been named as a defendant in an adversary
proceeding commenced by Robert Keach, as trustee of the Debtor's
estate.  The complaint seeks to recover damages from World Fuel on
account of its alleged misconduct that helped cause the
derailment.  In addition, World Fuel is a defendant in wrongful
death actions currently pending in Illinois arising from the train
derailment.  Finally, affiliates of World Fuel have already filed
proofs of claim in the Debtor's case, and World Fuel has itself
threatened to file proofs of claim for indemnity, contribution or
subrogation if it is found liable in the Illinois wrongful death
actions.

Because of this conflict of interest, the Unofficial Committee
asks the U.S. Bankruptcy Court for the District of Maine not to
enter an order approving Paul Hastings as counsel for the Victims'
Committee.

In response, the Victims' Committee asserts that certain Paul
Hastings attorneys, excluding any firm attorney involved in the
Chapter 11 case, represent World Fuel in connection with
regulatory and compliance issues related to the payment industry.
Those matters are completely unrelated to the Chapter 11 case, the
Victims' Committee argues.  The Victims' Committee maintains that
Paul Hastings is "disinterested" and does not have conflict of
interest, and thus, the retention application should be approved.

The Unofficial Committee is represented by:

         George W. Kurr, Jr., Esq.
         GROSS, MINSKY & MOGUL, P.A.
         23 Water Street, Suite 400
         P.O. Box 917
         Bangor, ME 04402-0917
         Tel: (207) 942-4644
         Fax: (207) 942-3699
         Email: gwkurr@grossminsky.com

            -- and --

         Daniel C. Cohn, Esq.
         Taruna Garg, Esq.
         MURTHA CULLINA LLP
         99 High Street, 20th Floor
         Boston, MA 02110
         Tel: (617) 457-4000
         Fax: (617) 482-3868

The Victims' Committee is represented by:

         Richard P. Olson, Esq.
         PERKINS OLSON
         32 Pleasant Street
         PO Box 449
         Portland, Maine 04112
         Tel: (207) 871-7159
         Fax: (207) 871-0521

            -- and --

         Luc A. Despins, Esq.
         PAUL HASTINGS LLP
         Park Avenue Tower
         75 East 55th Street, First Floor
         New York, New York 10022
         Tel: (212) 318-6000
         Fax:

                       About Montreal Maine

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

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.
Development Specialists, Inc., serves as the Chapter 11 trustee's
financial advisor.  Gordian Group, LLC, serves as the Chapter 11
Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel
to MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.

MM&A Canada is represented by Patrice Benoit, Esq., at Gowling
LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by:
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C.
Webster, Esq., at The Webster Law Firm; and Mitchell A. Toups,
Esq., at Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.

The Fortress unit is represented by Terence M. Hynes, Esq., and
Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75 percent of the $25 million
in available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25 percent would be earmarked for claimants seeking
compensation for property that was damaged when much of the town
burned.  Former U.S. Senator George Mitchell, a Democrat who
represented Maine in the U.S. Senate from 1980 to 1995 and who is
now chairman emeritus of law firm DLA Piper LLP, would administer
the plan and lead the effort to wrap up MM&A's Chapter 11
bankruptcy.


MOTORSPORT RANCH: U.S. Trustee Wants Case Conversion or Dismissal
-----------------------------------------------------------------
Judy A. Robbins, U.S. Trustee for the Southern District of Texas,
asks the Bankruptcy Court to convert the Chapter 11 case of
Motorsport Ranch Houston, L.L.C. to one under Chapter 7 of the
Bankruptcy Code, or in the alternative, dismiss the case with
prejudice to re-filing for 180 days.

The U.S. Trustee noted that the Debtor reported assets of
$13,660,374 and liabilities of $6,502,902.  The Debtor's principal
assets consist of an interest in (a) the real property consisting
of 381.11 acres of land and improvements in Brazoria County, Texas
and commonly referred to as One Performance Drive, Angleton,
Texas, which is valued at $13.1 million; (b) prepetition
receivables, which are valued at $113,854; (c) five vehicles which
are valued at $0; (d) equipment which is valued at $386,520; and
(e) cash in a bank account of $60,000.  The Debtor reported
secured debts of $6,287,605, priority debts of $188,846, and
general unsecured debts of $26,450.

According to the U.S. Trustee, cause exists to convert or dismiss
the case because the Debtor:

   1. has failed to file a disclosure statement, or to file or
      confirm a plan, within a reasonable period of time; and

   2. the Debtor will incur quarterly fees for the first quarter
      of 2014, and the UST is unable to determine the amount due
      at this time in the absence of statements of disbursements.

                  About MotorSport Ranch Houston

Angleton, Texas-based MotorSport Ranch Houston, LLC, dba
MotorSport Properties, Ltd., and MSR Houston filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 12-36422) on Aug. 30, 2012, in
Houston.  Judge David R. Jones oversees the case.  The Debtor
scheduled $13,660,374 in assets and $6,502,902 in liabilities.
The petition was signed by James A. Redmond, president.

The U.S. Trustee was unable to appoint a committee of unsecured
creditors because it was unable to solicit sufficient interest to
form a creditors' committee.


MSR RESORT: Wins Approval of Ch. 11 Plan After 3 Years
------------------------------------------------------
Law360 reported that after nearly three years of litigation, a New
York bankruptcy judge confirmed MSR Hotel & Resorts Inc.'s Chapter
11 reorganization plan, authorizing the $5.5 million sale of its
remaining assets to the real estate investment arm of the
Government of Singapore Investment Corp.

According to the report, following no objections at the end of a
hearing, U.S. Bankruptcy Judge Sean H. Lane approved the debtor?s
plan of reorganization, praising all parties for their efforts in
resolving the case and leaving very few issues left to be
resolved.

                          About MSR Hotels

MSR Hotels & Resorts, Inc., returned to Chapter 11 by filing a
voluntary bankruptcy petition (Bankr. S.D.N.Y. Case No. 13-11512)
on May 8, 2013 in Manhattan, to thwart a lawsuit by lender Five
Mile Capital Partners, which claims it is owed tens of millions of
dollars related to the sale of several luxury resorts in a prior
bankruptcy.  MSR Hotels also seeks to sell its remaining assets
and wind down.

Paul M. Basta, Esq., at Kirkland & Ellis, LLP, represents the 2013
Debtor.

MSR Hotels owned a portfolio of eight luxury hotels with over
5,500 guest rooms.  On Jan. 28, 2011, CNL-AB LLC acquired the
equity interests in the portfolio through a foreclosure
proceeding.  CNL-AB LLC is a joint venture consisting of
affiliates of Paulson & Co. Inc., a joint venture affiliated with
Winthrop Realty Trust, and affiliates of Capital Trust, Inc.

Morgan Stanley's CNL Hotels & Resorts Inc. owned the resorts
before the January 2011 foreclosure.

Following the acquisition, five of the resorts with mortgage debt
scheduled to mature on Feb. 1, 2011, were sent to Chapter 11
bankruptcy by the Paulson and Winthrop joint venture affiliates.
Then known as MSR Resort Golf Course LLC, the company and its
affiliates filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 11-10372) in Manhattan on Feb. 1, 2011.  The resorts
subject to the 2011 filings were Grand Wailea Resort and Spa,
Arizona Biltmore Resort and Spa, La Quinta Resort and Club and PGA
West, Doral Golf Resort and Spa, and Claremont Resort and Spa.

In the 2011 petitions, the five resorts had $2.2 billion in assets
and $1.9 billion in debt as of Nov. 30, 2010.  In its 2011
schedules, MSR Resort disclosed $59,399,666 in total assets and
$1,013,213,968 in total liabilities.

In the 2011 bankruptcy, James H.M. Sprayregen, P.C., Esq., Paul M.
Basta, Esq., Edward O. Sassower, Esq., and Chad J. Husnick, Esq.,
at Kirkland & Ellis, LLP, served as the Debtors' bankruptcy
counsel.  Houlihan Lokey Capital, Inc., acted as the Debtors'
financial advisor.  Kurtzman Carson Consultants LLC acted as the
Debtors' claims agent.

The Official Committee of Unsecured Creditors in the 2011 case was
represented by Martin G. Bunin, Esq., and Craig E. Freeman, Esq.,
at Alston & Bird LLP, in New York.

In March 2012, the Debtors won Court approval to sell the Doral
Golf Resort to Trump Endeavor 12 LLC, an affiliate of Donald
Trump's Trump Organization LLC, for $150 million.  An auction was
held in February that year but no other bids were received.

The 2011 Debtors won approval of a bankruptcy-exit plan that was
predicated on the sale of the remaining four resorts by the
Government of Singapore Investment Corp. -- the world's eighth-
largest sovereign wealth fund, according to the Sovereign Wealth
Fund Institute -- for $1.5 billion.  U.S. Bankruptcy Judge Sean
Lane, who oversaw the 2011 cases, overruled Plan objections by the
U.S. Internal Revenue Service and investor Five Mile.  The IRS and
Five Mile alleged that the sale created a tax liability of as much
as $331 million that may not be paid.  That Plan was declared
effective on Feb. 28, 2013.

On April 9, 2013, Five Mile sued Paulson & Co. executives and MSR
Hotels in New York state court, alleging they (i) mishandled the
company's intellectual property and other assets in a bankruptcy
sale, and failed to get the best price for the assets, and (ii)
owe Five Mile $58.7 million on a loan.  According to a Reuters
report, Five Mile seeks $58.7 million representing sums owed,
including interest and costs, plus at least $100 million for
breach of fiduciary duty, gross negligence and corporate waste.

The 2013 Debtor has two critical court dates: a Jan. 30, 2014
auction to locate the best bid for trademarks not sold in the
prior bankruptcy; and a Feb. 6 hearing to approval a Chapter 11
plan.

In the 2013 case, MSR Hotels originally listed assets of $785,000
and liabilities totaling $59.2 million.  Debt at that time
included $59.1 million owing to Midland, a secured creditor in the
five resorts' bankruptcy.  Midland has a lien on the three
resorts' trademarks.  Other than the trademarks, MSR Hotels' other
assets were listed as being $150,000 in unrestricted cash.  The
company has no operations. Revenue in 2012 was $32,500, according
to a court filing.


MT LAUREL: Obtains Final Court Approval to Use Cash Collateral
--------------------------------------------------------------
U.S. Bankruptcy Judge Robyn Moberly issued a final order
authorizing Mt. Laurel Lodging Associates, LLP to use the cash
collateral of its lender The National Republic Bank of Chicago.

A status hearing on Mt. Laurel's use of cash collateral will be
held on April 28, at 1:30 p.m.

Separately, Judge Moberly approved the motion for adequate
protection filed by Access Point Financial Inc. in November 2013.

In a decision handed down Feb. 11, the bankruptcy judge said that
Access Point is an "oversecured creditor" and "is entitled to
adequate protection" under the Bankruptcy Code.

Judge Moberly required Mt. Laurel to make monthly payments to
Access Point in the amount of $40,297 as adequate protection until
a plan of reorganization is confirmed.

As reported by the TCR on Jan. 31, NRBC, a lender in the Chapter
11 cases of Mt. Laurel Lodging Associates, had asked the
bankruptcy court to determine whether Access Point is adequately
protected by virtue of its recourse against Sun Development &
Management Corp.; to condition any adequate protection payments to
Access Point on Mt. Laurel's contemporaneous payment of full
monthly debt service payments to the bank, among other things.

On Nov. 27, 2013, Access Point filed its motion for adequate
protection alleging that it originally loaned $5 million to Sun
Development and that the loan proceeds were earmarked to finance
the acquisition of FF&E to be installed at Mt. Laurel's hotel and
also to be installed at a hotel in California owned by Mt.
Laurel's affiliate, Ontario Lodging Associates, LLC.

As alleged in Access Point's motion, the $5 million loan to Sun
Development was restructured into two loans as: (a) the sum of
$2,356,849 was allocated to Mt. Laurel and Sun Development as co-
obligors, and (b) the sum of $2,643,150 was allocated to Ontario
and Sun Development as co-obligors.  Although it is unclear
whether the two loans are cross-collateralized and whether title
to the FF&E is owned by Sun Development, it appears that Sun
Development remains liable to Access Point for the entire
$5 million as a co-obligor with Mt. Laurel and Ontario.

In its adequate protection motion, Access Point asked the Court to
authorize the use of the bank's cash collateral to make the
regular monthly payments to Access Point in the sum of $40,297.
Access Point contended that "the continuation of the monthly
payment is the most fair and appropriate adequate protection of
its security interest in the FF&E."  The payments are justified,
Access Point argued, because any available equity cushion will
quickly erode and maintaining the current payments will save the
estate the expense of late fees and default rate interest.

Mt. Laurel replied to the bank's objection to its motion for
authorization to use cash collateral and other collateral and to
grant adequate protection, stating that the value of its assets is
not at risk of declining during the case and the bank's interests
in its assets are adequately protected.  Mt. Laurel explained it
sought authorization to use cash collateral to maintain its
business while it explores its reorganization alternatives in the
case.

                    About Mt. Laurel Lodging

Mt. Laurel Lodging Associates, LLP, and its six affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Nov. 4, 2013
(Case No. 13-bk-11697, Bankr. S.D. Ind.).  The case is assigned to
Judge Robyn L. Moberly.  The petition lists the assets and debt as
both exceeding $10 million on the Mount Laurel property.

The Debtors are represented by Brian A Audette, Esq., and David M
Neff, Esq., at Perkins Coie LLP, in Chicago, Illinois; and Andrew
T. Kight, Esq., and Michael P. O'Neil, Esq., at Taft Stettinius &
Hollister LLP, in Indianapolis, Indiana.

The National Republic Bank of Chicago, a secured creditor, is
represented by James E. Carlberg, Esq., and James P. Moloy, Esq.,
at Bose McKinney & Evans LLP, in Indianapolis, Indiana; and
Timothy P. Duggan, Esq., at Stark & Stark, P.C., in Lawrenceville,
New Jersey.


NNN 123: Creditors Have Until Feb. 28 to File Claims
----------------------------------------------------
The General Claims Objection Deadline in the cases of NNN 123
North Wacker, LLC, et al., has been extended through and including
Feb. 28, 2014.

The Bankruptcy Court entered the ruling on Jan. 29, 2014.

                  About NNN 123 North Wacker, LLC

NNN 123 North Wacker, LLC, filed a Chapter 11 petition (Bankr.
N.D. Ill. Case No. 13-39210) on Oct. 4, 2013 in Chicago,
represented by Andrea Johnson Frost, Esq., at Kaye Scholer LLC, as
counsel.  The Debtor disclosed total assets of $24.95 million and
total liabilities of $135.47 million in its Schedules.

Another entity, NNN 123 North Wacker Member LLC, sought
Chapter 11 protection (Case No. 13-39240) on the same day.


NNN PARKWAY 400 26: Court Grants WBCMT's Request to Lift Stay
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
approved the motion for relief from the automatic stay filed by
WBCMT 2007-C31 Amberpark Office Limited Partnership.

As reported in the TCR on July 25, 2013, WBCMT asked the court for
an order granting relief from the automatic stay with respect to
NNN Parkway 400 26 LLC's property located at 11720 and 11800 Amber
Park Drive in Alpharetta, Georgia.

WBCMT, assignee of holder of deed of trust, explained that, among
other things:

   -- WBCMT's interest in the collateral is not adequately
      protected; and

   -- the bankruptcy case was filed in bad faith.

                   About NNN Parkway 400 26 LLC

NNN Parkway 400 26, LLC, filed a bare-bones Chapter 11 petition
(Bankr. C.D. Calif. Case No. 12-24593) in Santa Ana, California,
on Dec. 31, 2012.  Dana Point, California-based NNN Parkway
estimated assets and debts of $10 million to $50 million.  The
Hon. Judge Theodor Albert presides over the case.  The Law
Office of Christine E. Baur, and David A. Lee, Esq., at Weiland,
Golden, Smiley, Wang Ekvall & Strok, LLP, represent the Debtor.

Pre-petition, the Debtors retained HighPoint Management Solutions,
LLC, a bankruptcy consulting company, as a manager of the Debtors,
and HighPoint's President, Mr. Mubeen Aliniazee, as the Debtors'
Restructuring Officer, to assist the Debtors in their compliance
with the Chapter 11 bankruptcy process.

The Debtors' primary asset is a commercial real property commonly
known as Parkway 400, which is a two-building office campus
totaling approximately 193,281 square feet located at 11720 Amber
Park Drive and 11800 Amber Park Drive, Alpharetta, Georgia.  The
Debtors hold a concurrent ownership interest in the Property with
other tenant-in-common investors and the sponsor, NNN Parkway 400,
LLC.


OCEANSIDE MILE: May Use Cash Collateral Until March 18
------------------------------------------------------
The Hon. Barry Russell of the U.S. Bankruptcy Court for the
Central District of California has entered an order approving the
stipulation by and among Oceanside Mile LLC, dba Seabonay Beach
Resort, First-Citizens Bank & Trust Company and Mayo Group
extending the Debtor's cash collateral use until March 18, 2014.

The Debtor will make further additional interest payments to
First-Citizens on Feb. 15, 2014, and March 15, 2014, in each case
in the amount of $27,803.13.  Failure of the Debtor to make any
Further Additional Payment when due shall be deemed a termination
event under the terms of the Stipulation.

A copy of the budget is available for free at:

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

First-Citizens is represented by:

         Craig H. Averch, Esq.
         Roberto J. Kampfner, Esq.
         WHITE & CASE LLP
         633 West Fifth Street, Suite 1900
         Los Angeles, CA 90071
         Tel: (213) 620-7700
         Fax: (213) 452-2329
         E-mail: caverch@whitecase.com
                 rkampfner@whitecase.com

                      About Oceanside Mile

Oceanside Mile LLC owns the Seabonay Resort Hotel, a resort hotel
located in an affluent area of Florida's Hillsboro Beach, which is
perched on the Atlantic Ocean.  The hotel is close to Fort
Lauderdale and its suburbs; three miles south of Boca Raton, and a
mile east of Deerfield Beach.  The hotel has 81 rooms and total
1.29 acres.

Oceanside Mile filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 13-35286) on Oct. 17, 2013.  Arturo Rubinstein signed the
petition as managing member.  In its schedules, the Debtor
disclosed $13,148,100 in total assets and $8,367,297 in total
liabilities.  Judge Barry Russell presides over the case.

The Debtor is represented by Sandford L. Frey, Esq., Stuart I.
Koenig, Esq., and Martha C. Wade, Esq., at Creim Macias Koenig &
Frey LLP, in Los Angeles, California.

First-Citizens Bank & Trust Company is represented by Craig H.
Averch, Esq., and Roberto J. Kampfner, Esq., at White & Case LLP,
in Los Angeles, California.


OCZ TECHNOLOGY: Panel Has OK to Hire BDO USA as Financial Advisor
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of OCZ Technology
Group, Inc. and its debtor-affiliates obtained permission from the
Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the District
of Delaware to retain BDO USA, LLP, as financial advisor to the
Committee, nunc pro tunc to Dec. 13, 2013.

As reported by the Troubled Company Reporter on Jan. 8, 2014, the
Committee anticipates that BDO USA will, among other things,
analyze the financial ramifications of any proposed transactions
for which the Debtors seek Bankruptcy Court approval including,
but not limited to, post-petition financial, sale of all or a
portion of the Debtors' assets, retention of management and
employee incentive and severance plans.

                             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.  The Debtor
hired GCG, Inc., as administrative advisor, nunc pro tunc to
Dec. 2, 2013 petition date.

OCZ Technology, on Jan. 17, 2014, received approval from the
Bankruptcy Court to sell substantially all of its assets to
Toshiba Corporation for $35 million.  OCZ Technology changed its
name to ZCO Liquidating Corporation.


OCZ TECHNOLOGY: Has Okay to Hire GCG Inc as Administrative Advisor
------------------------------------------------------------------
The Hon. Peter J. Walsh U.S. Bankruptcy Court for the District of
Delaware has granted OCZ Technology Group, Inc., and its debtor-
affiliates authorization to employ GCG, Inc., as administrative
advisor, nunc pro tunc to Dec. 2, 2013 petition date.

As reported by the Troubled Company Reporter on Jan. 7, 2014, the
Debtors require GCG Inc to, among other things, 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 plans of
reorganization.

                             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.

OCZ Technology, on Jan. 17, 2014, received approval from the
Bankruptcy Court to sell substantially all of its assets to
Toshiba Corporation for $35 million.  OCZ Technology changed its
name to ZCO Liquidating Corporation.


OCZ TECHNOLOGY: Panel Has Nod to Hire Kelley Drye as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of OCZ Technology
Group, Inc., and its debtor-affiliates obtained permission from
the Hon. Peter J. Walsh U.S. Bankruptcy Court for the District of
Delaware to retain Kelley Drye & Warren LLP as counsel, nunc pro
tunc to Dec. 13, 2013.

As reported by the Troubled Company Reporter on Jan. 9, 2014,
Kelley Drye will, among other things, assist the Committee in its
investigation of the acts, conduct, assets, liabilities, and
financial condition of the Debtors, operation of the Debtors'
businesses and the desirability of the continuing or selling the
businesses and assets under Bankruptcy Code section 363, the
formulation of a Chapter 11 plan, and other matters relevant to
these Chapter 11 cases.

                             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.

OCZ Technology, on Jan. 17, 2014, received approval from the
Bankruptcy Court to sell substantially all of its assets to
Toshiba Corporation for $35 million.  OCZ Technology changed its
name to ZCO Liquidating Corporation.


OCZ TECHNOLOGY: Claims Bar Date Set for March 3
-----------------------------------------------
Creditors of ZCO Liquidating Corporation, formerly OCZ Technology
Group, Inc., must file their proofs of claim not later than
March 3, 2014 at 5:00 p.m.  Governmental entities may file their
proofs of claim by June 2, 2014.

In January, the Debtor filed with the Bankruptcy Court its
schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $37,161,374
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $29,166,285
  E. Creditors Holding
     Unsecured Priority
     Claims                                        $1,042,927
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $25,791,298
                                 -----------      -----------
        TOTAL                    $37,161,374      $56,000,512

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.

OCZ Technology, on Jan. 17, 2014, received approval from the
Bankruptcy Court to sell substantially all of its assets to
Toshiba Corporation for $35 million.  OCZ Technology changed its
name to ZCO Liquidating Corporation.


OLEO E GAS: Will Auction Natural-Gas Unit
-----------------------------------------
Luciana Magalhaes, writing for Daily Bankruptcy Review, reported
that the distressed Brazilian oil firm controlled by businessman
Eike Batista will auction its stake in subsidiary OGX Maranhao
Petroleo e Gas Ltda instead of selling it directly to an announced
buyer, the company confirmed on Feb. 17.

According to the report, in October Brazilian private-equity fund
Cambuhy Investimentos Ltda and Germany's E.ON SE, already an
investor in the unit, agreed to invest a total of 250 million
Brazilian reais ($104.6 million) to buy stakes in the OGX
Maranhao, which explores and produces natural gas in northeastern
Brazil.

                      About Oleo e Gas

Based in Rio de Janeiro, Brazil, OGX Petroleo e Gas Participaaoes
S.A., now known as Oleo e Gas, is an independent exploration and
production company with operations in Latin America.

OGX filed for bankruptcy in a business tribunal in Rio de Janeiro
on Oct. 30, 2013, case number 0377620-56.2013.8.19.0001.  The
bankruptcy filing puts $3.6 billion of dollar bonds into default
in the largest corporate debt debacle on record in Latin America.
The filing by the oil company that transformed Eike Batista into
Brazil's richest man followed a 16-month decline that wiped out
more than $30 billion of his personal fortune.

The filing, which in Brazil is called a judicial recovery, follows
months of negotiations to restructure the dollar bonds, in which
OGX sought to convert debt to equity and secure as much as $500
million in new funds. OGX said Oct. 29 that the talks concluded
without an agreement. The company's cash fell to about $82 million
at the end of September, not enough to sustain operations further
than December.


OSX BRASIL: In Talks with Cerberus, Others Over DIP Financing
-------------------------------------------------------------
Guillermo Parra-Bernal, writing for Reuters, reported that OSX
Brasil SA, the bankrupt shipbuilding company controlled by former
billionaire Eike Batista, is in talks with Cerberus Capital
Management LP and a number of unnamed investors for a potential
debtor-in-possession financing deal.

According to the report, currently no agreement has been struck
between OSX and potential sources of the loan, commonly known as
DIP financing, the Rio de Janeiro-based company said in a
securities filing on Feb. 17.  OSX's focus at this point is what
to do with three floating production storage and offloading
vessels it owns, according to the filing.

A source with knowledge of the situation said OSX, which filed for
bankruptcy protection late last year, is seeking between $200
million and $215 million in financing to move ahead with a
restructuring process, the report related.  The source noted that
talks with Cerberus, a U.S. private equity firm, were at a "more
advanced stage" than with other players.

OSX declined to name potential sources of the DIP loan beyond
Cerberus, the report further related.  Efforts to reach executives
at Cerberus to comment were unsuccessful. U.S. markets were closed
on Feb. 17 in observance of a national holiday.

The source, who declined to be identified because of the
sensitivity of the issue, said OSX wants to clinch a DIP financing
deal before presenting creditors and a bankruptcy court a final
restructuring plan, the report added.  Currently the company is
carrying out a thorough revision of its business and negotiating
with creditors in order to stay afloat.

                         About OSX Brasil

Brazilian shipbuilding firm OSX Brasil SA, controlled by
businessman Eike Batista, filed for protection from creditors on
November 2013 on liabilities of BRL5.34 billion (US$2.30 billion).
OSX Brasil filed for bankruptcy -- called "judicial recovery" in
Brazil -- after Oleo e Gas Participacoes SA, formerly known as OGX
Petroleo e Gas Participacoes, filed for bankruptcy on Oct. 30,
2013.

OSX had outstanding debts of around US2.2 billion as of June 30,
2013, including dollar-and real-denominated loans and bonds held
by a mix of banks, investors and government institutions, such as
Brazil's Merchant Marine Fund, according to The Wall Street
Journal.

The move on Nov. 11 at a Rio de Janeiro court follows a default
and bankruptcy filing the prior month for Mr. Batista's flagship
oil firm OGX Petroleo e Gas Participacoes SA, n/k/a Oleo e Gas,
according to the WSJ report.  The firm went public in 2008 for
$4.1 billion but failed to produce nearly any of the up to 10.8
billion barrels it claimed to have.


OVERSEAS SHIPHOLDING: Dimensional Fund Stake at 5.69%
-----------------------------------------------------
Dimensional Fund Advisors LP disclosed in a Schedule 13G filing
with the U.S. Securities and Exchange Commission dated Feb. 10
that it beneficially owns 1,749,160 shares -- or 5.69% -- of the
Common Stock of Overseas Shipholding Group.

                    About Overseas Shipholding

Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in
New York, is one of the largest publicly traded tanker companies
in the world, engaged primarily in the ocean transportation of
crude oil and petroleum products.  OSG owns or operates 111
vessels that transport oil and petroleum products throughout the
world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.


OVERSEAS SHIPHOLDING: Donald Smith et al Disclose 13.56% Stake
--------------------------------------------------------------
Donald Smith & Co., Inc., Donald Smith Long/Short Equities Fund,
L.P., Donald Smith, Richard Greenberg, Kamal Shah, Jon Hartsel,
Velin Mezinev, Rolf Heitmeyer, and John Piermont disclosed in a
joint Schedule 13G filing with the U.S. Securities and Exchange
Commission dated Feb. 7 that they beneficially own 4,165,056
shares -- or 13.56% -- of the Common Stock of Overseas Shipholding
Group.

                    About Overseas Shipholding

Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in
New York, is one of the largest publicly traded tanker companies
in the world, engaged primarily in the ocean transportation of
crude oil and petroleum products.  OSG owns or operates 111
vessels that transport oil and petroleum products throughout the
world.

Overseas Shipholding Group and 180 affiliates filed voluntary
Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on
Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67
billion in liabilities.  Greylock Partners LLC Chief Executive
John Ray serves as chief reorganization officer.  James L.
Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb
Steen & Hamilton LLP serve as OSG's Chapter 11 counsel.  Derek C.
Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr.,
at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel.
Chilmark Partners LLC serves as financial adviser.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

The Export-Import Bank of China, owed $312 million used for the
construction of five tankers, is represented by Louis R. Strubeck,
Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski
LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at
Fulbright & Jaworski in New York; and John Knight, Esq., and
Christopher Samis, Esq., at Richards Layton & Finger PA.  Chilmark
Partners, LLC serves as financial and restructuring advisor.

Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve
as co-counsel to the official committee of unsecured creditors.
FTI Consulting, Inc., is the financial advisor and Houlihan Lokey
Capital, Inc., is the investment banker.


PACIFIC PROPERTY: Heads Ran $110M Ponzi Scheme, FBI Says
--------------------------------------------------------
Law360 reported that the owners of bankrupt Southern California
real estate investment firm Pacific Property Assets have been
arrested and charged with carrying out a Ponzi scheme that cost
investors over $110 million when the scam collapsed, the FBI said.

According to the report, Michael Stewart, 66, of Phoenix and John
Packard, 63, of Long Beach, Calif., were taken into custody by FBI
agents, following the return of a 16-count indictment by a federal
grand jury that alleges bank fraud, bankruptcy fraud and mail
fraud.


PARADISE VALLEY: Agrees With American Bank to Dismiss Ch.11
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Montana dismissed
the Chapter 11 case of Paradise Valley Holdings LLC.

American Bank filed a motion to dismiss on Jan. 2, 2014, pursuant
to the terms of an agreement between the Debtor and American Bank
dated Oct. 7, 2013.  The Debtor filed a consent on Jan. 2, and the
Office of U.S. Trustee consented on Jan. 10.

Based on the consents and absence of objection after notice, the
Court said the motion to dismiss is filed for good cause, and that
dismissal is in the best interests of creditors and the estate.

                 About Paradise Valley Holdings

Paradise Valley Holdings LLC filed a Chapter 11 petition (Bankr.
D. Mont. Case No. 12-61585) in Butte, Montana on Sept. 28, 2012.
Paradise Valley, also known as Bullis Creek Ranch, disclosed
$14.2 million in total assets and $13.1 million in total
liabilities.  The Debtor owns properties in Park County, worth
$14.0 million, and secures a $12.0 million debt to American Bank.
The Debtor disclosed that part of the secured claims against the
property is a judgment lien in the amount of $250,000 held by the
Museum of the Rockies Inc. resulting from a lawsuit against the
debtor for breach of contract.  A copy of the schedules is
available at http://bankrupt.com/misc/mtb12-61585.pdf

Judge Ralph B. Kirscher oversees the case.  James A. Patten, Esq.,
at Patten, Peterman, Bekkedahl & Green, P.L.L.C., serves as the
Debtor's legal counsel.


PITTSBURGH CORNING: Appeal From Plan Confirmation Pending
---------------------------------------------------------
Two objectors to Pittsburgh Corning Corporation's plan of
reorganization have appealed the order by the U.S. Bankruptcy
Court for the Western District of Pennsylvania confirming the Plan
to the W.D. Pa. District Court.

Corning Inc., 50% owner of PCC, disclosed in a Form 10-K report
for the year ended Dec. 31, 2013, filed with the Securities and
Exchange Commision on Feb. 10, 2014, that assuming the District
Court affirms the confirmation, that decision may be appealed.  If
that occurs, it could take many months for the confirmation of the
Plan to be finally affirmed.

Corning and PPG Industries, Inc. each own 50% of the capital stock
of PCC.  Over a period of more than two decades, PCC and several
other defendants have been named in numerous lawsuits involving
claims alleging personal injury from exposure to asbestos.  On
April 16, 2000, PCC filed for Chapter 11 reorganization in the
U.S. Bankruptcy Court for the Western District of Pennsylvania. At
the time PCC filed for bankruptcy protection, there were
approximately 11,800 claims pending against Corning in state court
lawsuits alleging various theories of liability based on exposure
to PCC?s asbestos products and typically requesting monetary
damages in excess of one million dollars per claim. Corning has
defended those claims on the basis of the separate corporate
status of PCC and the absence of any facts supporting claims of
direct liability arising from PCC's asbestos products.

Corning, with other relevant parties, has been involved in ongoing
efforts to develop a Plan of Reorganization that would resolve the
concerns and objections of the relevant courts and parties.  On
Nov. 12, 2013, the Bankruptcy Court issued a decision finally
confirming an Amended PCC Plan of Reorganization.

Under this Plan, Corning is required to contribute its equity
interests in PCC and Pittsburgh Corning Europe N.V. (PCE), a
Belgian corporation, and to contribute $290 million in a fixed
series of payments, recorded at present value. Corning has the
option to use its shares rather than cash to make these payments,
but the liability is fixed by dollar value and not the number of
shares. The Plan requires Corning to make: (1) one payment of $70
million one year from the date the Plan becomes effective and
certain conditions are met; and (2) five additional payments of
$35 million, $50 million, $35 million, $50 million, and $50
million, respectively, on each of the five subsequent
anniversaries of the first payment, the final payment of which is
subject to reduction based on the application of credits under
certain circumstances.

The Bankruptcy Court's confirmation of the Plan must be affirmed
by the District Court.

As reported by the TCR on Nov. 15, 2013, Mount McKinley Insurance
Company and Everest Reinsurance Company filed a Motion to
Reconsider the Revised Memorandum Opinion Setting Forth Findings
of Fact and Conclusions of Law Regarding Confirmation of the
Modified Third Amended Plan of Reorganization as Modified Through
May 15, 2013, and the Asbestos Permanent Channeling Injunction
filed on May 24, 2013, and the Final Order Confirming Modified
Third Amended Plan of Reorganization as Modified Through May 15,
2013, and, Pursuant to 11 U.S.C. Sec. 524(g), Issuing Asbestos
Permanent Channeling Injunction, issued in PCC's case.

In a memorandum opinion dated Nov. 12, 2013, Bankruptcy Judge
Thomas P. Agresti found that, except with regard to clarification
of the scope of the Injunction, Mt. McKinley has failed to meet
the exacting standard of its burden of proof as to reconsideration
of the RMO, the Confirmation Order, and the other related orders.
The Court did not find that Mt. McKinley has met its burden of
showing a clear error of law or manifest injustice.  According to
Judge Agresti, the arguments raised by Mt. McKinley are better
characterized as disagreements with the conclusions reached by
Bankruptcy Judge Fitzgerald in the RMO and the Confirmation Order.

A full-text copy of Judge Agresti's Decision is available at
http://is.gd/qwxOEwfrom Leagle.com.

                    About Pittsburgh Corning

Pittsburgh Corning Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 00-22876) on April 16, 2000,
to address numerous claims alleging personal injury from exposure
to asbestos.  At the time of the bankruptcy filing, there were
about 11,800 claims pending against the Company in state court
lawsuits alleging various theories of liability based on exposure
to Pittsburgh Corning's asbestos products and typically requesting
monetary damages in excess of $1 million per claim.

Judge Thomas Agresti handles the bankruptcy case.  Reed Smith LLP
serves as counsel and Deloitte &Touche LLP as accountants to the
Debtor.

The United States Trustee appointed a Committee of Unsecured Trade
Creditors on April 28, 2000.  The Bankruptcy Court authorized the
retention of Leech, Tishman, Fuscaldo & Lampl, LLC, as counsel to
the Committee of Unsecured Trade Creditors, and Pascarella &
Wiker, LLP, as financial advisor.

The U.S. Trustee also appointed a Committee of Asbestos Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of these professionals by the Committee of Asbestos Creditors: (i)
Caplin&Drysdale, Chartered as Committee Counsel; (ii) Campbell &
Levine as local counsel; (iii) Anderson Kill & Olick, P.C. as
special insurance counsel; (iv) Legal Analysis Systems, Inc., as
Asbestos-Related Bodily Injury Consultant; (v) defunct firm, L.
Tersigni Consulting, P.C. as financial advisor, and (vi) Professor
Elizabeth Warren, as a consultant to Caplin&Drysdale, Chartered.

On Feb. 16, 2001, the Court approved the appointment of Lawrence
Fitzpatrick as the Future Claimants' Representative.  The
Bankruptcy Court authorized the retention of Meyer, Unkovic&
Scott LLP as his counsel, Young Conaway Stargatt& Taylor, LLP, as
his special counsel, and Analysis, Research and Planning
Corporation as his claims consultant.

In 2003, a plan of reorganization was agreed to by various
parties-in-interest, but, on Dec. 21, 2006, the Bankruptcy Court
issued an order denying the confirmation of that plan, citing that
the plan was too broad in addressing independent asbestos claims
that were not associated with Pittsburgh Corning.

On Jan. 29, 2009, an amended plan of reorganization (the Amended
PCC Plan) -- which addressed the issues raised by the Court when
it denied confirmation of the 2003 Plan -- was filed with the
Bankruptcy Court.

As reported by the TCR on April 25, 2012, Pittsburgh Corning
Corp., a joint venture between Corning Inc. and PPG Industries
Inc., filed another amendment to its reorganization plan designed
to wrap up a Chapter 11 begun 12 years ago.

PCC's balance sheet at Sept. 30, 2012, showed $29.41 billion in
total assets, $7.52 billion in total liabilities and $21.88
billion in total equity.


PRIUM TACOMA: Case Summary & 7 Unsecured Creditors
--------------------------------------------------
Debtor: Prium Tacoma Buildings, LLC
        6416 Pacific Hwy E
        Fife, WA 98424

Case No.: 14-40771

Chapter 11 Petition Date: February 17, 2014

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Judge: Brian D Lynch

Debtor's Counsel: Brett L Wittner, Esq.
                  KENT & WITTNER PS
                  4301 S Pine Ste 629
                  Tacoma, WA 98409
                  Tel: 253-473-7200
                  Email: brett@kentwittnerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric Orse, managing member of Prium Co.
LLC.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/wawb14-40771.pdf


PROCESS EQUIPMENT: Case Summary & 9 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Process Equipment and Technologies, LLC
        9400 Needlepoint Road
        Baytown, TX 77521

Case No.: 14-30925

Chapter 11 Petition Date: February 17, 2014

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

Judge: Hon. Karen K. Brown

Debtor's Counsel: Ronald J Sommers, Esq.
                  NATHAN SOMMERS JACOBS
                  2800 Post Oak Blvd, 61st Fl
                  Houston, TX 77056-6102
                  Tel: 713-892-4801
                  Fax: 713-892-4800
                  Email: efilers@nathansommers.com

Total Assets: $1.74 million

Total Liabilities: $1.18 million

The petition was signed by James M. Heim, sole manager.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/txsb14-30925.pdf


QUALTEQ INC: Claims Objection Deadline Extended to March 17
-----------------------------------------------------------
At the behest of Development Specialists, Inc., liquidator in the
chapter 11 cases of Qualteq, Inc., d/b/a VCT New Jersey, Inc. et
al., the Bankruptcy Court extended the time period by which the
Liquidator must file and serve objections to Claims or Interests
by 60 days, through and including March 17, 2014.

The Administrative Claims Objection Bar Date (as defined in the
Plan) for all Debtors subject to the Plan is extended through and
including March 17, 2014.

South Plainfield, New Jersey-based QualTeq, Inc., engaged in the
design, manufacture, and personalization of plastic cards in the
United States.  The company manufactured magnetic, contact, and
dual interface smart cards.

Qualteq Inc. and 17 affiliated companies filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 11-12572) on
Aug. 14, 2011.  Eric Michael Sutty, Esq., and Jeffrey M. Schlerf,
Esq., at Fox Rothschild LLP, serve as local counsel to the
Debtors.  K&L Gates LLP is the general bankruptcy counsel.
Eisneramper LLP is the accountants and financial advisors.
Scouler & Company is the restructuring advisors.  Lowenstein
Sandler PC is counsel to the Committee.  Avadamma LLC disclosed
$38,491,767 in assets and $36,190,943 in liabilities as of the
Petition Date.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed four
unsecured creditors to serve on the Official Committee of
Unsecured Creditors.  Lowenstein Sandler PC represents the
Committee.  EisnerAmper LLP serves as its accountants and
financial advisors.

In November 2012, the Qualteq trustee completed the sale of the
business for $51.2 million to Valid USA Inc.  The price included
$46.1 million in cash plus the assumption of liabilities.

At the request of Bank of America NA, the bankruptcy judge
appointed a Chapter 11 trustee in May 2012.  The case was
transferred to Chicago from Delaware in February 2012.

Fred C. Caruso, the Chapter 11 Trustee, tapped Hilco Real Estate,
LLC, as real estate advisors.

The Debtors' Third Amended Joint Plan of Reorganization provides
that on or after the Confirmation Date, the applicable Debtors or
Reorganized Debtors may enter into Restructuring Transactions and
may take actions as the Debtors or the Reorganized Debtors
determine to be necessary or appropriate to (i) effect a corporate
restructuring of their respective businesses; (ii) to simplify the
overall corporate structure of the Reorganized Debtors; or (iii)
to preserve the value of any available net operating losses and
other favorable tax attributes; or (iv) to maximize the value of
the Reorganized Debtors, all to the extent not inconsistent with
any other terms of the Plan or existing law.


QUANTUM FOODS: Files Ch. 11 Bankruptcy Petition to Facilitate Sale
------------------------------------------------------------------
Quantum Foods, LLC on Feb. 18 disclosed that it is in the final
stages of negotiating a sale of substantially all its business to
CTI Foods Holding Co., LLC (CTI Foods).

After evaluating multiple opportunities in the process, a leader
emerged with a clear strategy to move Quantum Foods past its
financial challenges and onto a path for future success.  CTI
Foods, with seven existing manufacturing facilities in the United
States, would provide a strong infrastructure for Quantum going
forward.

"As an industry leading protein processor, Quantum's well-
established and long-standing customer relationships, diverse
product offerings and demonstrated focus on quality and safety are
recognized as significant value to buyers," said Edward B. Bleka,
Chief Executive Officer, Founder and sole owner of Quantum Foods.

"With enhanced financial backing, Quantum expects to fully deliver
on its historic commitment to fulfilling the needs of our
customers efficiently, safely and always with superior quality and
service.  We believe the completion of the sale process will
enable us to focus effectively on caring for our customers, vendor
partners and employees, who have all been incredibly supportive to
the company," Mr. Bleka added.

To facilitate the expected sale transaction, Quantum Foods has
determined it is best to execute this sales process under the
protection of the United States Bankruptcy Code.  Quantum Foods
today filed a voluntary Chapter 11 petition in the District of
Delaware to obtain the essential financing necessary to preserve
continuity, to the greatest extent possible, for its customers,
employees and business partners.  To this end, the company has
secured a commitment for $60 million in debtor-in-possession (DIP)
financing from its current lending group led by Crystal Financial
LLC to fund its ongoing operations and fully expects to operate
its overall business as usual by continuing to provide customers
with safe and high quality protein products throughout this
process.

In conjunction with the filing, Quantum Foods filed First-Day
Motions with the Court to ensure the timely payment of employee
wages and benefits, maintain its customers' promotional programs
and complete a smooth transition into operating under the
protections of Chapter 11.  The company expects to continue
purchasing goods and services from its suppliers and to pay
suppliers in the normal course for all goods and services
delivered on or after [Tues]day's filings, while claims for goods
and services delivered prior to the filings will be addressed as a
part of the Chapter 11 process.

As part of the planned sale process through Chapter 11, the
company will solicit additional competing offers for Quantum Foods
to ensure it achieves the highest and best offer for its business.

Quantum Foods is being advised in its restructuring by Winston &
Strawn, City Capital Advisors, LLC and FTI Consulting, Inc.
Information about the Company's Chapter 11 case can be accessed at
www.bmcgroup.com/restructuring

                       About Quantum Foods

Quantum Foods, LLC -- http://www.quantumfoods.com-- is an
independent custom manufacturer and processor of innovative value-
added protein products.  Founded in 1990 and headquartered in
Bolingbrook, Illinois, Quantum provides its customers with menu
solutions, including portion controlled, ready-to-cook and value-
added fully cooked protein products made from beef, poultry and
pork.  The Company has established a long-standing, blue-chip
customer base in the foodservice, retail, industrial, school and
military channels.  Quantum Foods' state-of-the art manufacturing
facilities, coupled with its impeccable food safety program and
world class customer service, have contributed to the Company's
long-term growth and relationships with its customers in the
United States and abroad.


SAVIENT PHARMACEUTICALS: Exclusivity Extension Sought
-----------------------------------------------------
BankruptcyData reported that Savient Pharmaceuticals filed with
the U.S. Bankruptcy Court a motion to extend the exclusive period
during which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including May 12, 2014 and July
11, 2014, respectively.

According to the report, the motion explains, "The Debtors have
been under the protection of chapter 11 for less than four months,
and during this short period of time have made significant and
material progress in administering these cases. The extension
requested in this Motion will provide the Debtors and their
advisors the opportunity to fully negotiate, confirm and implement
the terms of a chapter 11 liquidating plan for the distribution of
assets to creditors. Thus, the facts and circumstances of the
Chapter 11 cases warrant the requested extension of the Exclusive
Periods....This Motion is the Debtors' first request for an
extension of the Exclusive Periods, and the request will not
unfairly prejudice or pressure the Debtors' creditor
constituencies or grant the Debtors any unfair bargaining
leverage. Indeed, the requested extension is consistent with the
Global Settlement which contemplates the formulation of a
liquidating plan for the benefit of all creditor
constituencies....In sum, the Debtors have made significant
progress thus far in the Chapter 11 Cases and are taking steps to
propose a viable chapter 11 plan, thus warranting the relief
requested in the Motion."

                   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.

The Troubled Company Reporter reported on Jan. 15, 2014, that
Savient Pharmaceuticals has completed the sale of substantially
all of its assets, including all KRYSTEXXA assets, by Crealta
Pharmaceuticals for gross proceeds of approximately $120.4
million.

Savient Pharmaceuticals has filed with the Bankruptcy Court a plan
of liquidation following the sale of substantially all of its
assets to Crealta Pharmaceuticals.  The Plan impairs senior
secured noteholder claims and general unsecured claims.  The Plan
also impairs intercompany claims, subordinated 510(c) claims and
subordinated 510(b) claims, although holders of these claims are
not entitled to vote on the Plan.


SCRUB ISLAND: Panel Can Retain Glenn Rasmussen as Counsel
---------------------------------------------------------
The Official Committee of Unsecured Creditors of Scrub Island
Development Group Ltd. sought and obtained authorization from the
U.S. Bankruptcy Court for the Middle District of Florida to retain
Glenn Rasmussen, P.A., as general counsel to the Committee.

Glenn Rasmussen will be paid at these hourly rates:

    Robert B. Glenn, attorney          $450
    Edwin G. Rice, attorney            $375
    Victoria D. Critchlow, attorney    $250
    Mary McKay, paralegal              $140

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

Edwin G. Rice, shareholder of Glenn Rasmussen, 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.

He may be reached at:

     Edwin G. Rice, Esq.
     GLENN RASMUSSEN, PA
     100 S. Ashley Dr., Suite 1300
     Tampa, FL  33602
     Tel: (813) 229-3333
     Fax: (813) 229-5946
     E-mail: erice@glennrasmussen.com

                       About Scrub Island

Scrub Island Development Group Ltd., the owner of a British Virgin
Islands luxury resort, and its affiliate, Scrub Island
Construction Limited, sought bankruptcy protection (Bankr. M.D.
Fla. Case Nos. 13-15285 and 13-15286) on Nov. 19, 2013, to end a
receivership Scrub Island claims was secretly put in place by its
lender.  The bankruptcy case is assigned to Judge Michael G.
Williamson.

The 230-acre resort operates as a Marriott Autograph Collection
property.  It has 52 rooms and suites, a spa and a 55-slip marina.

Scrub Island Development Group scheduled $125,569,235 in total
assets and $130,695,731 in total liabilities.

The Debtors are represented by Charles A. Postler, Esq., and
Harley E. Riedel, Esq., at Stichter, Riedel, Blain & Prosser, in
Tampa, Florida.

FirstBank Puerto Rico, the prepetition secured lender, is
represented by W. Keith Fendrick, Esq., at Holland & Knight LLP,
in Tampa, Florida.

The Debtors are represented by Charles A. Postler, Esq., and
Harley E. Riedel, Esq., at Stichter, Riedel, Blain & Prosser, in
Tampa, Florida.

Rocke, McLean & Sbar, P.A., is the Debtor's special litigation
counsel to represent the Debtor in connection with an adversary
proceeding to be filed by the Debtor against FirstBank Puerto
Rico.

FirstBank Puerto Rico, the Debtor's prepetition secured lender, is
represented by W. Keith Fendrick, Esq., at Holland & Knight LLP,
in Tampa, Florida.

The Official Committee of Unsecured Creditors appointed in Scrub
Island's cases has retained Robert B. Glenn, Esq., Edwin G. Rice,
Esq., and Victoria D. Critchlow, Esq., at Glenn Rasmussen, P.A.,
as general counsel.


SOUTH FLORIDA SOD: Objects to GSS's Motion for Claim Estimation
---------------------------------------------------------------
South Florida Sod, Inc., filed with the U.S. Bankruptcy Court for
the Middle District of Florida on Feb. 4, 2014, an objection to
Gator State Sod Co.'s motion requesting that the Court estimate
and temporarily allow its claim for purposes of accepting or
rejecting the Plan.  The Debtor asked the Court to determine the
amount of GSS's Claim to be zero.

GSS filed on Nov. 4, 2013, Claim No. 23 in the unsecured amount of
$4.8 million.  The Debtor filed on Jan. 31, 2014, an objection to
the GSS Claim.  On Feb. 3, 2014, GSS filed an emergency motion
requesting that the Court estimate and temporarily allow the GSS
Claim for purposes of accepting or rejecting the Plan.  GSS stated
in a Feb. 6, 2014 court filing that its claims are founded on the
Debtor's direct and individual liability to GSS, not on debts or
liabilities owed by Two Hombres, LLC, to GSS.

The Debtor and GSS caused Two Hombres to be formed as a Florida
limited liability company in May 2005, for the purpose of
acquiring certain real property in Highlands County, Florida,
comprised of approximately 2,000 acres.  In August 2005, the
Debtor and GSS entered into that certain Operating Agreement,
pursuant to which the Debtor and GSS are the sole members and the
Debtor is the manager.  GSS, pursuant to the Operating Agreement,
agreed to contribute the purchase option to Two Hombres as GSS'
initial capital contributions and to Two Hombres and in
consideration for GSS' 40% membership interest in the company.
The Debtor also agreed to contribute to Two Hombres as the
Debtor's initial capital contributions and in consideration for
the Debtor's 60% membership interest in the company, the full
purchase price amount that the company would be required to pay to
acquire the Real Property, which included the Debtor being solely
responsible for repayment of any financing that was obtained by
the company in connection with the company's purchase of the Real
Property.  The Property was acquired by warranty deed executed in
February 2007, for a purchase price of $9.95 million.  The
acquisition was financed with $7.075 million of seller mortgage
financing, evidenced by Two Hombres' execution of a promissory
note and a purchase money mortgage and security agreement in favor
of Gerald Darroh, Inc.

In a Feb. 6, 2014 filing, GSS claimed that the Debtor's Plan and
Disclosure Statement make no mention of the Real Property, GSS or
Two Hombres, other than listing the Debtor's 60% interest in Two
Hombres on the Disclosure Statement as personal property with a
value of $0.  The Plan and Disclosure Statement do not provide for
treatment of the GSS Claim.

According to GSS, the Debtor failed to perform its obligations
required under the Operating Agreement, including the Debtor's
obligation to make capital contributions to Two Hombres as
required to repay the mortgage financing.  GSS further alleged
breach of fiduciary duty, usurpation of corporate opportunity,
conversion and other contract and tort claims against the Debtor
arising out of the Operating Agreement and the relationship
created between the Debtor and GSS by the Operating Agreement.

The Debtor has been utilizing the Real Property for its own
benefit by conducting commercial operations thereon and earning
revenue therefrom, all without paying or contributing any funds or
rent to Two Hombres, GSS claimed.  GSS asserted that a rough
measure of the damages that GSS has suffered as a result of the
Debtor's wrongful actions and omissions is an amount equal to 40%
of the fair market value of the Real Property as of the Petition
Date, plus 40% of the fair market rent for the Real Property from
the date of acquisition of the Real Property until the Petition
Date.

"The Debtor, as manager of the company, is obligated under the
Operating Agreement to utilize the property in operations and is
authorized under the Operating Agreement to credit any payments
that it receives against promissory notes that are contemplated by
the Operating Agreement," the Debtor stated in its Feb. 4, 2014
filing.  The Debtor said that GSS includes in its claim the value
of 40% of the property owned by Two Hombres.  According to the
Debtor, this on its face is not a claim against the estate, but a
claim against Two Hombres upon liquidation of that entity and, in
any case, is limited by the Operating Agreement to the assets of
that entity.

GSS claimed in its Feb. 6 filing that that the Debtor, erroneously
and disingenuously, is attempting to equate and conflate all
liabilities arising out of or in connection with the operating
agreement and Two Hombres as debts or liabilities owed by Two
Hombres to the members.  According to GSS, the Debtor is liable
individually to GSS for the return of GSS's capital contributions,
and is liable individually to GSS for damages arising from the
Debtor's fraud, gross negligence or willful misconduct of Two
Hombres' business affairs.

GSS is represented by:

         Joel L. Tabas, Esq.
         Samuel J. Capuano, Esq.
         TABAS, FREEDMAN & SOLOFF, P.A.
         One Flagler Building
         14 Northeast First Avenue - Penthouse
         Miami, Florida 33132
         Tel: (305) 375-8171
         Fax: (305) 381-7708
         E-mail: jtabas@tabasfreedman.com
                 scapuano@tabasfreedman.com

                      About South Florida Sod

South Florida Sod Inc., a sod farmer, owns multiple parcels of
rural real estate in Florida, Georgia, Michigan and Montana.  The
Debtor uses these parcels in its sod, hay, cattle, timber,
stumping and hunting operations.

The Company filed for Chapter 11 protection (Bankr. M.D. Fla. Case
No. 13-08466) on July 9, 2013, in Orlando, Florida.

The Debtor estimated at least $10 million in assets and
liabilities.  The company owns 13 properties in Florida and three
other states.  The company intends on selling a 5,777-acre
property in Sarasota County, Florida, with a claimed value of
$20 million or more.  Secured debt totals $23.5 million, not
including a $1.6 million judgment.

Latham Shuker Eden & Beaudine, LLP, originally represented the
Debtor as counsel.  Latham Shuker was later replaced by Frank M.
Wolff, Esq., at Wolff, Hill, McFarlin & Herron, P.A.  Jonathan
Stidham, Esq., at Stidham & Stidham, P.A., serves as special
counsel to the Debtor.

South Florida Sod also tapped Daniel Dempsey as its financial
advisor.  Wallace T. Long, Jr., CPA and Lynch, Johnson & Long,
CPA, serve as accountants.

Orange Hammock Ranch, LLC, the principal secured creditor, is
represented by Brian A. McDowell, Esq., at Holland & Knight LLP.

As reported in the TCR on Jan. 17, 2014, the Court authorized the
Debtor to conduct an auction of the property at 5771 acres located
in North Port, Florida, Sarasota County, on Feb. 13, 2014.  The
Debtor said the sale of the property would (i) satisfy secured
claims held by Orange Hammock Ranch, LLC, and Wauchula State Bank
against the property; and (ii) generate cash with which to fund a
plan of reorganization.  The auction will be conducted live from
the property.  South Florida Sod has sought and obtained
authorization from the Bankruptcy Court to employ National Auction
Group, Inc., as auctioneer and real estate broker to sell the
property.

The Bankruptcy Court canceled the hearing scheduled for Feb. 10,
2014, to consider confirmation of South Florida Sod's Amended Plan
of Reorganization, as further amended.  On Nov. 14, 2013, the
Court entered its order conditionally approving the Disclosure
Statement explaining the Plan.  According to the Amended
Disclosure Statement, the Debtor intends to sell at auction, free
and clear of claims and interests, the McCall Ranch Property.  The
Debtor intends that the auction will take place after the
confirmation of the Plan.  By doing so, the Debtor believes that
sufficient funds will be received to pay most, if not all, of its
creditors.  If the proceeds of the sale do not pay all of the
claims in full, the Debtor will select another property to be
sold.  This will be repeated until either all of the property is
sold or the debts are paid in full.

The Debtor intends to sell its interest in the Little Ockmulgee
Property at auction prior to confirmation.  George D. Warthen Bank
has agreed that to the extent there are not sufficient funds to
pay its claim in full, any remaining balance will be discharged,
and any claims against the guarantors released.

A copy of the Amended Disclosure Statement and Amendment to Plan
are available for free at:

     http://bankrupt.com/misc/SOUTHFLORIDASODamendedds.pdf
     http://bankrupt.com/misc/SOUTHFLORIDASODamendmenttoplan.pdf


SOUTH FLORIDA SOD: Court Confirms Bankruptcy Plan
-------------------------------------------------
Judge Cynthia Jackson entered an order on Feb. 12, 2014, approving
the Disclosure Statement and confirming the Chapter 11 Plan of
South Florida Sod, Inc., as amended.

The Plan contemplates the sale and transfer of certain property of
the Debtor at auction and/or private sale.  The Plan will not be
taxed under any state or local law imposing a stamp tax, transfer
tax or similar tax or fee.

The Bankruptcy Court finds that the Plan satisfies the requirement
of Sec. 1129 of the Bankruptcy Code, except that that six claim
classes (the Cramdown Classes) did not vote.  They are Class IV
Ascot Capital LLC-3, Class V ATCFII Florida (Alterna), Class VI
TLGFY, Class VII Chippewa County Tax Collector, Class VII
Highlands County Tax Collector, and Class IX Garfield County
Treasurer.  The Court further finds that the Plan is fair and
equitable with respect to the Cramdown Classes.

The Motion to Estimate for voting purposes with respect to Claim
No. 23 filed by Gator State Sod Co. is granted.  Claim 23 is
estimated for voting purposes at $2,800,000 by stipulation of the
Debtor and Gator State Sod, and Gator State Sod voted Claim No. 23
in that amount on the record at the Confirmation Hearing in favor
of the Plan, as a member of Class XVI.

The Objection to Claim 23 by the Debtor will be heard in a
subsequent hearing to be set by the Court.

The objections filed by The George D. Warthen Bank, the United
States Trustee, Wauchula State Bank, and Gator State Sod were
withdrawn in open court at the Confirmation Heating based on the
revised terms of the Plan and other amendments made in open court
at the Confirmation Hearing.

A copy of the Second Amendment to the Debtor's Amended Plan of
Reorganization is available at:

    http://bankrupt.com/misc/SOUTHFLORIDAplan2amendment.pdf

                    About South Florida Sod

South Florida Sod Inc., a sod farmer, owns multiple parcels of
rural real estate in Florida, Georgia, Michigan and Montana.  The
Debtor uses these parcels in its sod, hay, cattle, timber,
stumping and hunting operations.

The Company filed for Chapter 11 protection (Bankr. M.D. Fla. Case
No. 13-08466) on July 9, 2013, in Orlando, Florida.

The Debtor estimated at least $10 million in assets and
liabilities.  The company owns 13 properties in Florida and three
other states.  The company intends on selling a 5,777-acre
property in Sarasota County, Florida, with a claimed value of
$20 million or more.  Secured debt totals $23.5 million, not
including a $1.6 million judgment.

Latham Shuker Eden & Beaudine, LLP, originally represented the
Debtor as counsel.  Latham Shuker was later replaced by Frank M.
Wolff, Esq., at Wolff, Hill, McFarlin & Herron, P.A.  Jonathan
Stidham, Esq., at Stidham & Stidham, P.A., serves as special
counsel to the Debtor.

South Florida Sod also tapped Daniel Dempsey as its financial
advisor.  Wallace T. Long, Jr., CPA and Lynch, Johnson & Long,
CPA, serve as accountants.

Orange Hammock Ranch, LLC, the principal secured creditor, is
represented by Brian A. McDowell, Esq., at Holland & Knight LLP.

As reported in the TCR on Jan. 17, 2014, the Court authorized the
Debtor to conduct an auction of the property at 5771 acres located
in North Port, Florida, Sarasota County, on Feb. 13, 2014.  The
Debtor said the sale of the property would (i) satisfy secured
claims held by Orange Hammock Ranch, LLC, and Wauchula State Bank
against the property; and (ii) generate cash with which to fund a
plan of reorganization.  The auction will be conducted live from
the property.  South Florida Sod has sought and obtained
authorization from the Bankruptcy Court to employ National Auction
Group, Inc., as auctioneer and real estate broker to sell the
property.

The Bankruptcy Court canceled the hearing scheduled for Feb. 10,
2014, to consider confirmation of South Florida Sod's Amended Plan
of Reorganization, as further amended.  On Nov. 14, 2013, the
Court entered its order conditionally approving the Disclosure
Statement explaining the Plan.  According to the Amended
Disclosure Statement, the Debtor intends to sell at auction, free
and clear of claims and interests, the McCall Ranch Property.  The
Debtor intends that the auction will take place after the
confirmation of the Plan.  By doing so, the Debtor believes that
sufficient funds will be received to pay most, if not all, of its
creditors.  If the proceeds of the sale do not pay all of the
claims in full, the Debtor will select another property to be
sold.  This will be repeated until either all of the property is
sold or the debts are paid in full.

The Debtor intends to sell its interest in the Little Ockmulgee
Property at auction prior to confirmation.  George D. Warthen Bank
has agreed that to the extent there are not sufficient funds to
pay its claim in full, any remaining balance will be discharged,
and any claims against the guarantors released.

A copy of the Amended Disclosure Statement and Amendment to Plan
are available for free at:

     http://bankrupt.com/misc/SOUTHFLORIDASODamendedds.pdf
     http://bankrupt.com/misc/SOUTHFLORIDASODamendmenttoplan.pdf


SOUTH SOUND SPORTS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: South Sound Sports Management, LLC
        1507 S. Meyers St.
        Tacoma, WA 98465

Case No.: 14-40766

Chapter 11 Petition Date: February 17, 2014

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Debtor's Counsel: Michael P Harris, Esq.
                  LAW OFFICES OF MICHAEL P. HARRIS
                  2125 5th Ave
                  Seattle, WA 98121
                  Tel: 206-622-7434
                  Email: mph4@quidnunc.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marian Bowers, president.

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


SPECIALTY PRODUCTS: Claims Deadline Applies to All, Judge Says
--------------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge ruled that all
Specialty Products Holding Corp. creditors must file proofs of
claim by a set deadline, rejecting the argument that potential
asbestos-related personal injury claimants should be exempted from
a bar date.

According to the report, at a hearing in Wilmington, U.S.
Bankruptcy Judge Peter J. Walsh overruled objections to an all-
encompassing bar date but gave no explanation for the reasoning
behind his decision.

Opposition to the bar date was led by the representative for the
potentially thousands of people who may have suffered some injury
or illness connected to a compound produced by asbestos.  The
representative said a claims deadline could shut out thousands of
potential claims.  Eric D. Green, the representative for future
asbestos claims, has argued in court that a claims bar date would
serve no purpose.

As previously reported by The Troubled Company Reporter, Judge
Walsh indicated on Dec. 17 that he may reconsider his ruling
ordering a deadline be set for asbestos-related injury claims in
the Chapter 11 case and said he intends to see dual solicitations
for a Chapter 11 plan from both the asbestos claimants committee
and the debtor.

                     About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 10-11780) on May 31, 2010.  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., Zachary
I. Shapiro, Esq., Paul N. Heath, Esq., and Tyler D. Semmelman,
Esq., at Richards Layton & Finger, serve as co-counsel.  Logan and
Company is the Company's claims and notice agent.  The Company
estimated its assets and debts at $100 million to $500 million.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100 million to $500 million.

Counsel to the Official Committee of Asbestos PI Claimants are
Natalie D. Ramsey, Esq., and Mark A. Fink, Esq. of Montgomery,
Mccracken, Walker & Rhoads, LLP, in Wilmington Delaware, and Mark
B. Sheppard, Esq. of the firm's Philadelphia, Pennsylvania
division.

Counsel to the Future Claimants' Representative are James L.
Patton, Jr., Esq., Edwin J. Harron, Esq., Edmon Morton, Esq.,
Sharon Zieg, Esq., and Erin Edwards, Esq. of Young Conaway
Stargatt & Taylor LLP, in Wilmington, Delaware.

Competing bankruptcy exit plans have been filed by the Debtors, on
one hand, and the Official Committee of Unsecured Creditors and
the Future Claimants' Representative on the other.

The Debtors' First Amended Joint Plan of Reorganization and the
explanatory Disclosure Statement, dated Nov. 18, 2013, provides
for an asbestos trust to be established and funded with cash to
pay present and future asbestos-related claims.  The trust will be
funded by secured notes, issued by the Debtors and their ultimate
parent, RPM International Inc. ("International"), and the amounts
and terms of the notes will, with one exception, be determined by
the final outcome or settlement of the litigation that will
determine the asbestos claimants' rights in the chapter 11 cases.
The one exception is that the notes will provide for an aggregate
initial nonrefundable payment of $125 million to the asbestos
trust irrespective of the outcome of any litigation.  In short,
the Debtors and International have committed to pay to asbestos
claimants the maximum amount to which they are entitled based on
the applicable judgments or rulings in the litigation that will
determine the extent of the claimants' rights in the chapter 11
cases, and to make comparable payments to other similarly situated
creditors.

The PI Committee and the FCR's Third Amended Plan, filed Oct. 15,
2013, provides that: (i) SPHC will be separated from non-Debtor
direct or indirect parent Bondex International; (ii) Reorganized
SPHC will be managed and/or sold for the benefit of holders of all
Claims that are not paid in Cash, subordinated, cancelled or
otherwise treated pursuant to the Plan; (iii) all of SPHC's causes
of action will survive; (iv) Asbestos PI Trust Claims against SPHC
will be channeled to an Asbestos PI Trust; and (v) current SPHC
equity interests will be cancelled, annulled, and extinguished.

On May 20, 2013, the Bankruptcy Court entered an order estimating
the amount of the Debtors' asbestos liabilities, and a related
memorandum opinion in support of the estimation order.  The
Bankruptcy Court estimated the current and future asbestos claims
associated with Bondex International, Inc. and Specialty Products
Holding at approximately $1.17 billion.  The estimation hearing
represents one step in the legal process in helping to determine
the amount of potential funding for a 524(g) asbestos trust.


ST. FRANCIS' HOSPITAL: Gets Final Court OK to Pay Critical Vendors
------------------------------------------------------------------
Judge Cecelia Morris entered a final order authorizing St.
Francis' Hospital, Poughkeepsie, New York, et al., to pay the
claims of their critical vendors in amounts not to exceed $750,000
in the aggregate.

The Bankruptcy Court clarifies that the Debtors should give the
Official Committee of Unsecured Creditors and Bond Trustee three
business days' prior notice of any proposed payment to be made to
the Critical Vendors -- by which time these parties are given the
opportunity to object to any proposed payment.

                    About St. Francis' Hospital

St. Francis' Hospital, Poughkeepsie, New York, and four affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 13-37725) on Dec. 17, 2013.  The case is
assigned to Judge Cecelia G. Morris.

St. Francis originally contemplated selling its 333-bed acute-care
facility, which was founded in 1914, for $24.2 million to Health
Quest Systems Inc.  However, the St. Francis-HQI deal has been
terminated enabling St. Francis to accept a higher and better bid
from Westchester County Health Care Corporation.  Under the WMC
deal, Westchester will assume certain liabilities, plus pay
$3,500,000 in cash at closing to cover the break-up fee of
$1,000,000 and Administrative Costs of $2,500,000.  The WMC deal
also provides for the exchange of bonds in the amount of
$27,352,000 at 5.00%.

The Debtors' counsel is Christopher M. Desiderio, Esq., at Nixon
Peabody LLP, in New York; the financial adviser is CohnReznick
Advisory Group; and the investment banker is Deloitte Corporate
Finance LLC.  BMC Group is the claims and notice agent.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors -- Cardinal Health, Inc.,
Restorix Health, Inc., Owens & Minor Distribution, Inc., 1199SEIU
UHWE and HTA Poughkeepsie, LLC.  Martin G. Bunin, Esq. and Craig
E. Freeman, Esq. of ALSTON & BIRD LLP, in New York are set to
represent the Committee.

Barry Bliss of Gibbons, P.C., has been named as patient care
ombudsman in the Debtors' cases.


T-L CONYERS: Hearing Today on Continued Access to Cash Collateral
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Indiana
issued an eighth interim order that allowed T-L Cherokee South LLC
to use of cash collateral in which lender Cole Taylor Bank asserts
an interest.

The Debtor may use the cash collateral until Feb. 28, 2014.  A
final hearing on further access to cash collateral is scheduled
for Feb. 19, at 11:45 p.m.

As reported in the Troubled Company Reporter on Jan. 3, 2014, as
of the Petition Date, the Debtor owed the lender the principal
amount of $14,392,500 and $92,280 in interest and fees.

As adequate protection from any diminution in value of the
lender's collateral, the Debtor proposes to grant the lender
replacement liens on postpetition assets, and make timely full
premiums for all insurance policies required under the terms of
prepetition loan documents.  The Debtor will also properly
maintain, manage protect and preserve the property.

                        About T-L Cherokee

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.


TRIAD CAMPUS IV: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Triad Campus IV LLC
           dba Vineyard Hills Business Condominums
        3171 Independence Drive
        Livermore, CA 94551

Case No.: 14-40649

Chapter 11 Petition Date: February 17, 2014

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. William J. Lafferty

Debtor's Counsel: Joan M. Chipser, Esq.
                  LAW OFFICES OF JOAN M. CHIPSER
                  1 Green Hills Court
                  Millbrae, CA 94030
                  Tel: (650)697-1564
                  Email: joanchipser@sbcglobal.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by John T. Kontrabecki, authorized agent.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-40649.pdf


TUSCANY INTERNATIONAL: Sec. 341 Creditors' Meeting on March 13
--------------------------------------------------------------
The U.S. Trustee will convene a meeting of creditors pursuant to
11 U.S.C. 341(a) in the Chapter 11 case of Tuscany International
Holdings (U.S.A.) Ltd. et al., on March 13, 2014, at 10:30 a.m.
The meeting will be held at J. Caleb Boggs Federal Building, 844
King Street, in Wilmington, Delaware.

                  About Tuscany International

Tuscany International Holdings (U.S.A.) Ltd. and Tuscany
International Drilling Inc. sought protection from creditors under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 14-10193) in Delaware on Feb. 2, 2014.

Tuscany USA also intends to commence ancillary proceedings in the
Court of Queen's Bench of Alberta under the Companies' Creditors
Arrangement Act.

Pursuant to a restructuring support agreement with prepetition
lenders holding 95% of the prepetition loans, the Debtors have
agreed to sell substantially all of the assets of TID to lenders
in exchange for a credit bid of certain of their debt, effectuated
through a plan of reorganization.

Headquartered in Calgary, Alberta, Tuscany is engaged in the
business of providing contract drilling and work-over services
along with equipment rentals to the oil and gas industry.  Tuscany
is currently focused on providing services to oil and natural gas
operators in South America.  Tuscany has operating centers in
Colombia, Brazil, and Ecuador.

The Colombian and Brazilian businesses are operated by certain
non-debtor affiliates, while the Ecuador business is operated by
branch office of debtor TID.  As of the Petition Date, Tuscany
entities owned 26 rigs, of which 12 are located in Colombia, nine
in Brazil and five in Ecuador.  Of the 26 rigs, 15 were contracted
and operational as of the Petition Date and five were directly
owned by the Debtors.

Attorneys at Latham Watkins LLP and Young Conaway Stargatt &
Taylor LLP serve as the Debtors' co-counsel.  FTI Consulting
Canada, Inc.'s Deryck Helkaa is the chief restructuring officer.
Prime Clerk LLC is the claims and notice agent.  McCarthy Tetrautt
LLP is the special Canadian counsel.  Deloitte & Touche LLP is
providing tax services.


TUSCANY INTERNATIONAL: Wants Schedules Filing Moved Until March 19
------------------------------------------------------------------
Tuscany International Holdings (U.S.A.) Ltd. et al filed a motion
with the U.S. Bankruptcy Court, seeking to extend the deadline to
file the Debtors' schedules and statements until March 19, 2014.

Objections to the motion must be filed not later than Feb. 24,
2014 at 4:00 p.m.

Hearing on the motion is set for March 3, 2014.

                  About Tuscany International

Tuscany International Holdings (U.S.A.) Ltd. and Tuscany
International Drilling Inc. sought protection from creditors under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 14-10193) in Delaware on Feb. 2, 2014.

Tuscany USA also intends to commence ancillary proceedings in the
Court of Queen's Bench of Alberta under the Companies' Creditors
Arrangement Act.

Pursuant to a restructuring support agreement with prepetition
lenders holding 95% of the prepetition loans, the Debtors have
agreed to sell substantially all of the assets of TID to lenders
in exchange for a credit bid of certain of their debt, effectuated
through a plan of reorganization.

Headquartered in Calgary, Alberta, Tuscany is engaged in the
business of providing contract drilling and work-over services
along with equipment rentals to the oil and gas industry.  Tuscany
is currently focused on providing services to oil and natural gas
operators in South America.  Tuscany has operating centers in
Colombia, Brazil, and Ecuador.

The Colombian and Brazilian businesses are operated by certain
non-debtor affiliates, while the Ecuador business is operated by
branch office of debtor TID.  As of the Petition Date, Tuscany
entities owned 26 rigs, of which 12 are located in Colombia, nine
in Brazil and five in Ecuador.  Of the 26 rigs, 15 were contracted
and operational as of the Petition Date and five were directly
owned by the Debtors.

Attorneys at Latham Watkins LLP and Young Conaway Stargatt &
Taylor LLP serve as the Debtors' co-counsel.  FTI Consulting
Canada, Inc.'s Deryck Helkaa is the chief restructuring officer.
Prime Clerk LLC is the claims and notice agent.  McCarthy Tetrautt
LLP is the special Canadian counsel.  Deloitte & Touche LLP is
providing tax professionals.


VELTI INC: Claims Bar Date Set for March 17
-------------------------------------------
Creditors of Velti Inc. must file their proofs of claim not later
than March 5, 2014 at 5:00 p.m.  Government proofs of debt are due
March 17, 2014.

Velti Inc., a provider of technology for marketing on mobile
devices, sought Chapter 11 protection (Bankr. D. Del. Case No.
13-12878) on Nov. 4, 2013.  The Company, a San Francisco-based
unit of Velti Plc, listed assets of as much $50 million and debt
of as much as $100 million.

Its Air2Web Inc. unit, based in Atlanta, also sought creditor
protection.

The parent, Dublin, Ireland-based Velti Plc, which trades on the
Nasdaq Stock Market, isn't part of the bankruptcy process.
Operations in the U.K., Greece, India, China, Brazil, Russia, the
United Arab Emirates and elsewhere outside the U.S. didn't seek
protection and business there will continue as usual.

The Debtors are represented by attorneys Stuart M. Brown, Esq., at
DLA Piper LLP (US), in Wilmington, Delaware; and Richard A.
Chesley, Esq., Matthew M. Murphy, Esq., and Chun I. Jang, Esq., at
DLA Piper LLP (US), in Chicago, Illinois.  The Debtors have also
tapped Jefferies LLC as investment banker, Sitrick Brincko Group
LLC, as corporate communications consultants, and BMC Group, Inc.,
as claims and noticing agent.  Velti Inc. disclosed $94,993,551 in
assets and $175,089,448 in liabilities as of the Chapter 11
filing.

U.S. Bank, National Association, as administrative agent for GSO
Credit-A Partners, LP, GSO Palmetto Opportunistic Investment
Partners LP and GSO Coastline Partners LP, extended $25 million of
postpetition financing to the Debtors.  The DIP Lenders, which are
also the Prepetition Lenders, are represented by Sandy Qusba,
Esq., and Hyang-Sook Lee, Esq., at Simpson Thacher & Bartlett LLP,
in New York.

An Official Committee of Unsecured Creditors has been appointed in
the Debtors' cases.  The Committee has tapped McGuireWoods LLP as
lead counsel and Morris, Nichols, Arsht & Tunnell LLP as Delaware
co-counsel.  Asgaard Capital LLC serves as financial advisor to
the Committee.  Capstone Advisory Group LLC serves as consultant.


VICTOR OOLITIC: Files for Chapter 11 With Deal to Sell to ICF
-------------------------------------------------------------
Victor Oolitic Stone Company, a provider of dimensional limestone
products in North America, has sought bankruptcy protection with
plans to sell the assets to Indiana Commercial Finance, LLC,
absent higher and better offers.

The Debtors have filed proposed procedures for the sale of assets.
Under the proposal:

  -- ICF will serve as the stalking horse bidder with a credit
     bid of $26 million.

  -- All initial bids are due April 11, 2014 and must provide
     for an initial overbid of $250,000.

  -- If qualified bids are received April 11, an auction will
     be held on April 15, 2014 at 10:00 a.m.

  -- A hearing to approve the sale of the assets to the successful
     bidder will be conducted by the court no later than April 18,
     2014.

  -- Bids must be irrevocable until April 29, 2014.

  -- Expense reimbursement in the amount of $780,000 will be paid
     to the stalking horse bidder in the event of a sale of the
     assets to another bidder.

ICF is represented by Vedder Price PC and Pepper Hamilton LLP.

                        First Day Motions

Aside from the proposed bidding procedures, the Debtors on the
Petition Date filed requests to:

   * hire Kurtzman Carson Consultants LLC as claims and notice
     agent,

   * use cash collateral and access DIP financing,

   * pay prepetition claims of critical vendors,

   * prohibit utility companies from discontinuing service, and

   * hire McDonald Hopkins LLC as counsel.

The Debtors estimate that as of the Petition Date, the total
outstanding amount owed to critical vendors is $225,000.  These
vendors will be required to continue supplying goods to the
Debtors on customary trade terms.

A hearing on the first-day motions was slated for Feb. 18 at 4:15
p.m.

                        Road to Bankruptcy

Terrence J. Reutell, the company's CFO, explains in court filings
that between 2010 and the beginning of 2013, the Debtors
renegotiated the terms of its credit agreement several times to
respond to the Debtors' cash needs.  However, legacy balance sheet
issues began to impact the Debtors' operating results.  For
instance, the combination of surplus post-merger inventory
combined with the Debtors' limited ability to invest in quarrying
efficiency led to a significant rationalization of inventory
beginning in 2010.  The limited production resulted in less
available inventory and a lower profit margin.

As the end of 2013 approached, it became clear to the Debtors that
they would be unable to fulfill their commitments under the pre-
petition credit agreement.  On Oct. 31, 2013, the lenders and the
Debtors entered into a forbearance agreement.  Pursuant to the
forbearance agreement, the Debtors retained Quarton Partners, LLC
to pursue the sale of substantially all of the Debtors' assets.

Quarton spent November and December of 2013 searching for a buyer
of the Debtors' assets, equity and/or debt. At the end of the sale
process, after contacting more than 100 potential purchasers,
Quarton hosted ten potential purchasers during on-site visits.
After the on-site visits, Quarton secured at least five signed
letters of intent.  The potential purchasers brought substantially
different offers, with some offering to purchase the Debtors'
equity, and others offered to purchase the Debtors' assets.  With
advice from Quarton, and the consent of the lenders, the Debtors
determined that Indiana Commercial Finance, LLC ("ICF") had
presented the Debtors with the highest and best bid.  Instead of
bidding for the Debtors' assets, however, Indiana Commercial
Finance was one of several bidders who offered to purchase the
lenders' rights under the credit agreement.

On Jan. 30, 2014, the lenders and ICF closed on a loan purchase
agreement whereby ICF purchased all of the prepetition lenders'
rights under the credit agreement.  Because the amount owed under
the credit agreements had not changed, only who the Debtors were
indebted to, the Debtors determined to initiate the chapter 11
proceedings with the goal of selling substantially all of their
assets for the benefit of the Debtors' creditors. ICF agreed to
provide the Debtors' with postpetition financing and serve as a
stalking horse bidder at the auction the Debtors' plan to hold
approximately seventy-five days after the Petition Date.

                       About Victor Oolitic

Victor Oolitic Stone Company began as a supplier of raw block
limestone and evolved into the leading provider of a full range of
dimensional limestone products in North America.  The company owns
10 quarry sites totaling over 4,000 acres and is largest
dimensional Indiana limestone quarrier and fabricator in North
America.

Victor Oolitic and VO Stone Holdings, Inc., sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 14-10311) on Feb. 17, 2014.

The Debtors have tapped McDonald Hopkins LLC as counsel; Morris,
Nichols, Arsht & Tunnell, as Delaware counsel; and Quarton
Partners, LLC, as financial advisors.

Victor Oolitic estimated $50 million to $100 million in assets and
liabilities.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  The Debtors also have approximately $6 million
in general unsecured debt primarily consisting of outstanding
notes owed to former owners of the legacy Indiana Limestone
Company and trade debt.

The Debtors have a $3.5 million DIP credit facility with Indiana
Commercial Finance, LLC.


VICTOR OOLITIC: Proposes $3.5-Mil. of DIP Financing From ICF
------------------------------------------------------------
Victor Oolitic Stone Company is seeking approval from the
bankruptcy court to use cash collateral and enter into a $3.5
million DIP credit facility with Indiana Commercial Finance, LLC.

To complete their orderly sale process and maximize the value of
their assets for the benefit of their creditors, the Debtors have
an immediate need for financing.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  On Jan. 30, 2014, the lenders and ICF closed on
a loan purchase agreement whereby ICF purchased all of the
prepetition lenders' rights under the credit agreement.

The Debtors say that there are no superior financing alternatives
available to them under the circumstances.  Virtually all of the
Debtors' assets are encumbered by liens and security interests
granted to ICF.

ICF will provide DIP financing on these terms:

   Borrower:      VO Stone Holdings, Inc., Victor Ooolitic Stone
                  Company

   Lender:        ICF

   Loan Facility: $3.5 million

   Interest Rate: LIBOR + 5.5%

   Default
   Interest:      Interest Rate + 3%

   Term:          From the entry of the interim order until, and
                  including April 30, 2014.

   Credit
   Bidding:       ICF will have the right to credit bid the amount
                  of the prepetition loan indebtedness during a
                  sale of the assets.

                       About Victor Oolitic

Victor Oolitic Stone Company began as a supplier of raw block
limestone and evolved into the leading provider of a full range of
dimensional limestone products in North America.  The company owns
10 quarry sites totaling over 4,000 acres and is largest
dimensional Indiana limestone quarrier and fabricator in North
America.

Victor Oolitic and VO Stone Holdings, Inc., sought bankruptcy
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 14-10311) on Feb. 17, 2014 with plans to sell the
assets to Indiana Commercial Finance, LLC, in exchange for a debt
of $26 million.

The Debtors have tapped McDonald Hopkins LLC as counsel; Morris,
Nichols, Arsht & Tunnell, as Delaware counsel; and Quarton
Partners, LLC, as financial advisors.

Victor Oolitic estimated $50 million to $100 million in assets and
liabilities.

As of Jan. 1, 2014, the aggregate outstanding principal and
accrued interest under the Debtors' prepetition credit agreement
was $53 million.  The Debtors also have approximately $6 million
in general unsecured debt primarily consisting of outstanding
notes owed to former owners of the legacy Indiana Limestone
Company and trade debt.


VICTOR OOLITIC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 cases:

     Debtor                                     Case No.
     ------                                     --------
     Victor Oolitic Stone Company               14-10311
        dba Indiana Limestone Company, Inc.
        aka Johnson Ventures II
        aka Victor Acquisition Corp.
     301 Main Street
     Oolitic, IN 47451

     VO Stone Holdings, Inc.                    14-10310
     301 Main Street
     Oolitic, IN 47451

Type of Business: Limestone quarriers and fabricators

Chapter 11 Petition Date: February 17, 2014

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel:   Paul W. Linehan, Esq.
                    Shawn M. Riley, Esq.
                    Daniel Reynolds, Esq.
                    MCDONALD HOPKINS, LLC
                    600 Superior Avenue, East, Suite 2100
                    Cleveland, OH 44114
                    Tel: 216-348-5400
                    Fax: 216-348-5474
                    Email: plinehan@mcdonaldhopkins.com
                           sriley@mcdonaldhopkins.com
                           dreynolds@mcdonaldhopkins.com

Debtors' Delaware   Derek C. Abbott, Esq.
Counsel:            Andrew R. Remming, Esq.
                    MORRIS, NICHOLS, ARSHT & TUNNELL
                    1201 N. Market Street
                    P.O. Box 1347
                    Wilmington, DE 19899
                    Tel: (302) 658-9200
                    Fax: 302-658-3989
                    E-mail: dabbott@mnat.com
                            aremming@mnat.com

Debtors'            QUARTON PARTNERS, LLC
Financial and
Restructuring
Advisors:

Debtor's Claims     KURTZMAN CARSON CONSULTANTS, LLC
and Noticing
Agent:

Victor Oolitic's
Estimated Assets: $50 million to $100 million
Estiamted Debts: $50 million to $100 million

VO Stone's
Estimated Assets: $0 to $50,000
Estimated Liabilities: $50 million to $100 million

The petitions were signed by Terrence J. Reutell, chief financial
officer.

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Richard L. Johnson, Jr.            Loan promissory   $2,385,556
c/o Johnson Ventures, Inc.         note
417 Washington Street
Columbus, IN 47201

Kevin Martin                       Loan promissory     $129,792
                                   note

Mac Allister Machinery Co. Inc.    Accounts payable     $87,135

Diamond Stone Technologies Inc.    Accounts payable     $66,648

Process Machinery Inc.             Accounts payable     $45,000

Gary Wade Trucking Inc.            Accounts payable     $39,345

Greene County Pallets, Inc.        Accounts payable     $38,806

Duke Energy                        Accounts payable     $34,762

Process Machinery Inc.             Accounts payable     $28,737

Resilience Management Inc.         Accounts payable     $26,382

Jones Oil Company                  Accounts payable     $25,648

Sparks Commercial Tires, Inc.      Accounts payable     $23,321

Salesforce.com Inc.                Accounts payable     $21,282

Frontier Paper & Packaging         Accounts payable     $20,941

Kortzendorf Machine & tool Co.     Accounts payable     $18,920

Brandeis Machine & Supply          Accounts payable     $18,387

Columbus Industrial Electric Inc.  Accounts payable     $15,979

Right Diamond                      Accounts payable     $15,800

Bearing Distributors, Inc.         Accounts payable     $14,854

Hollers Welding LLC                Accounts payable     $14,365


VINTAGE CONDOMINIUM: With No Assets to Administer, Court Ends Case
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona dismissed
the Chapter 11 case of Vintage Condominium Development, LLC.

The motion to convert or dismiss was filed by U.S. Trustee Ilene
J. Lashinsky.  The U.S. Trustee said the Debtor is delinquent in
filing monthly operating reports required by the Operating
Guidelines and Reporting Requirements of the U.S. Trustee for the
months of July, August, September, October, and November 2013.
Further, the Debtor has failed to pay all quarterly fees required
by Section 1930(a)(6) of the Bankruptcy Code and currently owes
unpaid fees in the amount of at least $325.  Additionally, even
though this case has been pending for more than seven months, no
Disclosure Statement or Plan have been filed.

The Debtor responded to the U.S. Trustee's motion, stating that it
has no objection to the dismissal.  According to the Debtor, the
case involved two pieces of real estate, against whom Parkway Bank
& Trust Co. held a secured interest that also included all the
cash proceeds from the rents of those properties.  The Debtor had
no other sources of income.  Since Parkway has received all the
Debtor's real and personal property, the case must be dismissed
because there is nothing left to liquidate or reorganize.

                     About Vintage Condominiums

Vintage Condominiums Development LLC, the owner of the Vintage
condominium development in Gilbert, Arizona, filed a petition
for Chapter 11 protection (Bankr. D. Ariz. Case No. 13-08431) on
May 17, 2013, three weeks after the state court appointed a
receiver at the behest of the secured lender.

The Vintage Condominiums complex has 107 units, approximately two
of which have been purchased by third-party buyers and
approximately 105 of which are currently owned by Vintage.

The lender Parkway Bank & Trust Co., owed $12.3 million, had a
receiver appointed after giving notice of default on April 12,
2013.  The Debtor disclosed $12,511,600 in assets and $23,956,587
in liabilities as of the Chapter 11 filing.

Ronald J. Ellett, Esq., at Ellett Law Offices, P.C., serves as
counsel to the Debtor.

Christopher R. Kaup, and J. Daryl Dorsey, Esq., at Tiffany & Bosco
P.A., represent secured creditor Parkway Bank & Trust Company.

The U.S. Trustee wasn't able to appoint a creditors committee
because an insufficient number of persons holding unsecured claims
against the Debtor have expressed interest in serving on a
committee.  The U.S. Trustee reserves the right to appoint such a
committee should interest develop among the creditors.


W.R. GRACE: Out of Ch. 11, Firm Pays $63MM Toward Enviro Cleanup
----------------------------------------------------------------
Law360 reported that freshly reorganized after more than a decade
under court protection, W.R. Grace & Co. has paid more than $63
million to the federal government under its bankruptcy plan to
fund environmental cleanup efforts at dozens of sites across the
country, the U.S. Department of Justice said.

According to the report, the U.S. Environmental Protection Agency
received $54 million of the payout to cover cleanup costs at
Superfund sites in 21 states, while the remaining $9 million went
to other federal agencies, the DOJ said in a statement.

                        About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.  Grace employs
approximately 6,500 people in over 40 countries and had 2012 net
sales of $3.2 billion.

The company and its debtor-affiliates filed for chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).

The Debtors are represented by Adam Paul, Esq., and John Donley,
P.C., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois; Roger
Higgins, Esq., at The Law Offices of Roger Higgins, in Chicago,
Illinois; and Laura Davis Jones, Esq., James E. O'Neill, Esq.,
and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones,
LLP, in Wilmington, Delaware.

The Debtors hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.

Stroock & Stroock & Lavan, LLP, and Duane Morris, LLP, represent
the Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.

Roger Frankel serves as legal representative for victims of
asbestos exposure who may file claims against W.R. Grace.  Mr.
Frankel replaces David Austern, who was appointed to that role in
2004.  Mr. Frankel has served as legal counsel for Mr. Austern who
passed away in May 2013.  The FCR is represented by Orrick
Herrington & Sutcliffe LLP as counsel; Phillips Goldman & Spence,
P.A., as Delaware co-counsel; and Lincoln Partners Advisors LLC as
financial adviser.  Mr. Frankel was a partner at Orrick Herrington
& Sutcliffe LLP, until January 2014, when he resigned from Orrick
to became a new partner in his new law firm, Frankel Wyron LLP.

Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace obtained confirmation of a plan co-proposed with the
Official Committee of Asbestos Personal Injury Claimants, the
Official Committee of Equity Security Holders, and the Asbestos
Future Claimants Representative.   The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.

District Judge Ronald Buckwalter on Jan. 31, 2012, entered an
order affirming the bankruptcy court's confirmation of the Plan.
Bankruptcy Judge Judith Fitzgerald had approved the Plan on
Jan. 31, 2011.

W.R. Grace defeated four appeals from approval of the Plan.  A
fifth appeal was by secured bank lenders claiming the right to
$185 million of interest at the contractual default rate.
Pursuant to a settlement announced in December 2013, lenders are
to receive $129 million in settlement of the claim for additional
interest.

The Plan became effective on Feb. 3, 2014, following the approval
of the settlement of the last appeal from the order confirming
W.R. Grace's Plan.


WATERFRONT OFFICE: Seeking Continued Access to Cash Collateral
--------------------------------------------------------------
The Bankruptcy Court, according to Waterfront Office Building LP,
et al.'s case docket, continued until Feb. 18, 2014, at 10 a.m.,
the hearing to consider the Debtors' motion for authorization to
use cash collateral in which secured creditor Deutsche
Genissenschafts-Hypothekenbank AG asserts an interest.

The Court previously entered a 14th preliminary order authorizing
the Debtors' use of rents to pay business expenses necessary to
avoid irreparable harm to the estates.

As reported in the Troubled Company Reporter on Jan. 6, 2014, as
of the Petition Date, the secured creditor alleges a first
priority secured claim against the Debtors' real estate, including
rents.

As reported in the TCR on Oct. 4, 2013, the rents constitute cash
collateral.  The Debtors are prohibited from using the rents other
than in accordance with the Budget without the written agreement
of the secured creditor.

The Debtors' use and disbursement of the rents will be consistent
with the Lockbox Agreement dated as of July 18, 2007, between the
Debtors and the Secured Creditor.

As adequate protection for the preliminary use of the rents by the
Debtors, the Secured Creditor is granted replacement and/or
substitute liens in all pre-petition and post-petition assets and
proceeds of the same, excluding any bankruptcy avoidance causes of
action, subject only to a carveout for amounts payable by the
Debtors under (i) 28 U.S.C. Sec. 1930(a)(6), and (ii) approved
fees and expenses of the Debtors' and any Committee's court
approved professionals.

               About Waterfront Office Building &
                      Summer Office Building

Stamford, Conn.-based Waterfront Office Building, LP, filed a
voluntary Chapter 11 petition (Bankr. D. Conn. Case No. 12-52121)
in Bridgeport on Nov. 27, 2012, listing $50 million to $100
million in both assets and debts.  The Debtor owns a 206,186
square foot multi-tenant office building on 8.1 waterfront acres
with two on site restaurants and an adjacent 71-slip marina.

Summer Office Building, LP, also filed for Chapter 11 (Bankr. D.
Conn. Case No. 12-52122), listing $10 million to $50 million in
assets and $50 million to $100 million in debts.

Judge Alan H.W. Shiff oversees the Chapter 11 cases.  The
petitions were signed by Paul Kuehner, manager of managing member
of sole member of Debtor's GP.

Deustche Genossenschafts-Hypothekenbank AG, secured creditor to
the Debtors, has filed a Chapter 11 Plan and Disclosure Statement,
which proposes to pay all creditors in full on the plan effective
date.  The DG Hyp Plan contemplates satisfaction of DG Hyp's Claim
in exchange for the Debtors' primary assets, the Properties and
amounts held in the Debtors' Accounts.  Under the Plan, DG
Hyp, which holds a senior mortgage on the Properties in excess of
the Properties' appraised value, will take the Properties in
satisfaction of the mortgage.  Dg Hyp will pay in full all real
estate tax claims of the City of Stamford and all Allowed General
Unsecured Claims.  DG Hyp agrees to waive any distribution on
account of the DG Hyp's Deficiency Claim only in the event the DG
Hyp Plan is confirmed by the Bankruptcy Court.  The Plan
designates Class 1 as Other Priority Claims, Class 2 as City of
Stamford Secured Claim, Class 3 as DG Hyp Secured Claim scheduled
at approximately $3.5 million, Class 4 as General Unsecured Claims
estimated to total $350,000, and Class 5 as Equity Interests which
are to be extinguished on the Effective Date.

DG Hyp is represented by John Carberry, Esq., at CUMMING &
LOCKWOOD LLC, in Stamford, Connecticut; and Deborah J. Piazza,
Esq., at Tarter Krinsky & Drogin LLP, in New York.


XTREME GREEN: First Amended Plan Confirmed
------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court entered an
order confirming Xtreme Green Products' First Amended Plan of
Reorganization.

According to the report, as of the Plan's effective date, the
Company's board of directors will consist of Sanford Leavitt,
Frank Rosenberg and Byron Georgiou; and the officers will be as
follows: Byron Georgiou, chairman; Sanford Leavitt, chief
executive officer; Neil Roth, president and chief operating
officer and Ken Sprenkle, treasurer and chief financial officer.

Existing shareholders will receive a pro rata share of 10,000,000
shares of non-locked up stock, and all existing shares of stock of
the Company were cancelled, annulled and extinguished, the report
said.  Holders of interests shall retain no rights except for the
right to receive a pro rata portion of shares of in non-locked up
stock.  Each shareholder will receive .21 share of non-locked up
stock in exchange for one share of cancelled common stock.  The
10,000,000 shares to be issued to existing shareholders will
represent 25% of the shares of the reorganized Company.

Electric power vehicle manufacturer Xtreme Green Products, Inc.,
sought protection under Chapter 11 of the Bankruptcy Code on
Aug. 22, 2013 (Bankr. D. Nev. Case No. 13-17266).  The case was
assigned to Judge Mike K. Nakagawa.

The Debtor's counsel is Lenard E. Schwartzer, Esq., at Schwartzer
& McPherson Law Firm, in Las Vegas, Nevada.

The Debtor disclosed $253,585 in assets and $5,210,832 in
liabilities.

The Chapter 11 petition was signed by Neil Roth, president.


* Alvarez & Marsal Capital Closes Debut Fund at $600 Million
------------------------------------------------------------
Michael Wursthorn, writing for The Wall Street Journal, reported
that the private equity arm of restructuring firm Alvarez & Marsal
Holdings LLC wrapped up marketing its first fund at $600 million,
said a top executive.

According to the report, Alvarez & Marsal Capital Partners
surpassed a $500 million target for the fund after successfully
wooing a number of big-ticket investors, said Michael Odrich, the
global head of A&M Capital.

The fund's final close -- closing the vehicle from accepting
further commitments -- came after several years of marketing to
public pension funds, private-equity funds of funds and other
institutional investors, the report related.

Last year, A&M Capital gained significant momentum after garnering
the support of investors such as the Oregon Investment Council,
the report further related.

A&M Capital closed the fund at $600 million due to hitting a hard
cap, a capital limit imposed on a private equity investment pool
that can't be exceeded without investor approval, the report said.


* Distressed Investors Say Bankruptcy Is Too Expensive
------------------------------------------------------
Law360 reported that Chapter 11 bankruptcies have become too
expensive, prompting distressed debt investors to seek ways to
take over a struggling company that do not involve stepping foot
in a courtroom, a group of investors said during a panel
discussion.

According to the report, during a panel at the TMA Distressed
Investing Conference in Las Vegas, distressed investors said that
the downward trend in business bankruptcy filings in the last few
years is not only a result of the wide availability of capital for
debt-ridden businesses, but the associated professional costs.


* JPMorgan Joins Morgan Stanley in Settling U.S. Mortgage Suits
---------------------------------------------------------------
Michael J. Moore, Joel Rosenblatt and Patricia Hurtado, writing
for Bloomberg News, reported that Morgan Stanley and JPMorgan
Chase & Co. agreed to pay $1.86 billion to end U.S. accusations of
misconduct in their handling of home loans and related securities
that left taxpayers shouldering losses after the financial crisis.

According to the report, Morgan Stanley said on Feb. 4 it reached
a $1.25 billion deal to end Federal Housing Finance Agency claims
the bank sold faulty mortgage bonds to Fannie Mae and Freddie Mac
before the firms' losses pushed them into U.S. conservatorship.
JPMorgan will pay $614 million after admitting it submitted
ineligible loans for Federal Housing Administration and Veterans
Affairs insurance.

JPMorgan "put profits ahead of responsibility by recklessly
churning out thousands of defective mortgage loans, failing to
inform the government of known problems with those loans and
leaving the government to cover the losses," Manhattan U.S.
Attorney Preet Bharara said in a statement, the report cited.

The six largest U.S. lenders have allocated more than $114 billion
since the financial crisis to cover legal expenses, government
probes and mortgage-related claims, the report related.  Morgan
Stanley's deal with the FHFA prompted the New York-based bank to
book an additional $150 million charge in the fourth quarter,
reducing earnings for the period by 5 cents a share.

Morgan Stanley, which disclosed its settlement in a regulatory
filing, was among 18 banks sued by the FHFA in 2011, the report
said.  Authorities sought to recoup some losses taxpayers covered
when the government took control of the failing mortgage-finance
companies in 2008. Seven banks, including JPMorgan and Deutsche
Bank AG, agreed last year to pay a total of almost $8 billion to
settle claims they also sold faulty mortgage bonds to Fannie Mae
and Freddie Mac.


* Free Checking Is a Disappearing Perk from Banking Options
-----------------------------------------------------------
Annamaria Andriotis and Saabira Chaudhuri, writing for The Wall
Street Journal, reported that more lenders are introducing fees on
checking accounts, just as consumers and business are pouring
record amounts into the most basic of banking services.

According to the report, after regulators made it harder for banks
to collect debit-card fees and new laws led to higher compliance
costs, banks have been looking for different sources of income.
Recent evidence suggests that one of them is the humble checking
account, an entry-level service offered to most customers.

About 41% of U.S. financial institutions aren't offering
unconditional free checking accounts this year, up eight
percentage points from a year earlier, the report said, citing
Moebs Services, an economic-research firm in Lake Bluff, Ill.  The
firm surveyed 2,890 institutions, including large and small banks
and credit unions, in January.

The last time free checking was harder to come by was in 2002, the
report related.  Monthly service fees typically hit consumers with
lower balances.  But the fees are often waived by banks for
depositors who maintain a certain minimum balance, receive regular
direct deposits or who make a set number of debit-card
transactions each statement period.

Still, the trend marks the steepest annual drop in the percentage
of banks and other financial institutions offering free checking
since 2010, and follows a trend of less-generous deposit accounts
since the recession, the report further related.  Besides higher
costs, consumers have fewer options to choose from as most banks
have shifted from offering as many as 20 different checking
accounts to a maximum of eight, according to the Moebs survey.


* Hedge Funds Preparing for $1 Trillion Property Bill
-----------------------------------------------------
Sarah Mulholland, writing for Bloomberg News, reported that hedge
funds are zeroing in on America's malls and hotels.

According to the report, Axonic Capital LLC, LibreMax Capital LLC
and Saba Capital Management LP are among firms positioning to
provide loans as more than $1 trillion in commercial real-estate
debt originated before the property crash comes due over the next
three years, aiming to bridge the gap for borrowers needing more
cash than banks are willing to lend.

"New participants are capitalizing on that void," said Richard
Hill, an analyst at Morgan Stanley, who said he's surprised by the
range of investors entering the market, the report cited.  "The
wave of loans coming due is going to create a bottleneck. The
image I get is a snake trying to swallow an elephant."

Funds that buy corporate debt or mortgage-backed securities that
package dozens of loans are targeting individual buildings, drawn
by yields as high as 15 percent after returns elsewhere in credit
markets shrunk, the report related.  The firms are wagering
commercial property values will continue to rebound after
recouping 75 percent of their decline since 2009 even with the
record wave of maturing loans.

About $350 billion in commercial-real estate debt comes due every
year through 2017 after a borrowing binge last decade, the report
said, citing Morgan Stanley.  The firms are aiming to provide
mezzanine loans, which are repaid after traditional commercial
mortgages if a borrower defaults, making them a riskier bet in
exchange for higher yields.


* Junk-Bond Maturity Wall Moved Back to 2018 from 2017 by Moody's
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that maturing debt won't be causing substantially more
corporate bankruptcies, because refinancings pushed the so-called
maturity wall back to 2018 from 2017, Moody's Investors Service
said in a report.

Junk-rated companies have $735 billion of debt maturities through
2018, Mr. Rochelle said, citing Moody's.  Of the total, 71 percent
matures in 2017 and 2018.

Market conditions are allowing companies to refinance debt, the
report related.  In the last year, the total debt maturing in five
years increased by 14 percent, Moody's reported.


* SEIU Seeks Study of Non-Profit Hospital Disclosures in Calif.
---------------------------------------------------------------
SEIU-United Healthcare Workers West (SEIU-UHW) on Feb. 18
disclosed that the state's largest union of hospital workers has
asked California Treasurer Bill Lockyer to initiate a study of the
disclosures California's non-profit hospitals make to bond markets
about the impact of federal and state healthcare reform.

SEIU-United Healthcare Workers West made the request on Feb. 18 in
a letter to the California Debt and Investment Advisory Commission
(CDIAC) after its own survey revealed uneven levels of disclosure.
In its letter, SEIU-UHW said it believes the CDIAC has the
authority to pull together all parties and develop improved
guidelines for disclosure by public and non-profit health systems.

Almost all disclosures fail to provide specific analysis as to how
reform will affect the particular borrower, or identify steps the
health system is taking to prepare for health care changes brought
on by the Affordable Care Act and pending changes at the state
level, the union said.

"Properly functioning credit markets are critical to our
hospitals' success and we believe improved disclosure will help
markets function more efficiently and ultimately improve the
financial viability of our employers," said SEIU-UHW President
Dave Regan.  "Healthcare reform is going to have a dramatic impact
on healthcare consumers as well as employers and healthcare
workers, and all parties need honest and accurate information to
make decisions and determinations."

As a specific example of how disclosure is lacking and needs to be
addressed, the union cited health system communications with the
bond market regarding two SEIU-UHW-sponsored ballot measures that
are on track to appear on the November 2014 ballot.  The ballot
measures are part of an effort by SEIU-UHW to lower healthcare
costs and improve the health of Californians.  The two ballot
measures are:

The California Hospital Association is claiming publicly that the
Fair Healthcare Pricing Act would "severely harm" its membership
and cost hospitals about "$12 billion a year" (Modern Healthcare,
Feb. 12, 2014).  And a number of employers are claiming that
hospitals will go bankrupt if the initiatives pass.

However, SEIU-UHW has not found any hospitals or systems that have
released disclosures to the bond market making similar claims of
potential bankruptcy.  Further, a number of health systems are
going to the bond market and releasing new marketing materials
that do not warn of any such extreme financial hardship.

One example is Sharp HealthCare, which filed its official
statement for a $159.5 million bond offering on Jan. 23, 2014.
The system notes the ballot measures as potential risks but does
not warn municipal investors of anything approaching the scale or
magnitude being claimed in press statements by the hospital
industry.

Paid for by Yes for a Healthy California, sponsored and major
funding by Service Employees International Union, United Health
Care Workers West.  Additional major funding by State Council of
Service Employees Issues Committee.

SEIU-United Healthcare Workers West (SEIU-UHW) --
http://www.seiu-uhw.org-- is the largest hospital and healthcare
union in the western United States with more than 150,000 members.
It unites every type of healthcare worker with a mission to
achieve high-quality healthcare for all.  SEIU-UHW is part of the
2.2 million-member Service Employees International Union (SEIU),
the nation's fastest-growing union.


* U.S. Said Near Deal With EU on Reprieve for Swap-Trading Rules
----------------------------------------------------------------
Jim Brunsden and Silla Brush, writing for Bloomberg News, reported
that European swap-trading platforms won a reprieve from Dodd-
Frank Act rules in a cross-border regulatory deal announced days
before U.S. trading requirements are set to take effect.

According to the report, the U.S. Commodity Futures Trading
Commission and European Union officials, in an agreement announced
on Feb. 12, granted the European trading facilities relief from
having to register in the U.S. Many interest rate swaps will be
required to trade on swap execution facilities, or Sefs, in the
U.S. under CFTC rules starting Feb. 15.

"Today is an important step but far from the final one on the road
towards global convergence," Michel Barnier, the EU's financial
services chief, said on Feb. 12 in a joint statement with the
CFTC, the report cited.  "This agreement shows how, as G-20
commitments move from words to action, regulators can and should
work together to ensure that their respective rules interact with
each other in the most effective and efficient fashion."

The international reach of CFTC rules has been among the most
contentious issues between the Washington-based regulator and
financial firms that operate around the world, the report related.
Wall Street lobbying groups that represent banks including Goldman
Sachs Group Inc. and JPMorgan Chase & Co. sued in December,
seeking to limit the agency's ability to impose rules outside the
U.S.

The Feb. 12 deal concerns EU trading platforms known as
multilateral trading facilities and the swaps traders who use
them, the report further related.


* U.S. Public Companies Increase Rise Again
-------------------------------------------
Dan Strumpf, writing for The Wall Street Journal, reported that
the ranks of U.S. public companies grew last year for the first
time since the go-go days of the Internet boom, getting a long-
awaited boost from an expanding economy and renewed investor
interest in U.S. stocks.

The number of companies traded on major U.S. stock exchanges rose
by 92 last year, taking the count of U.S.-listed companies to
5,008 at year-end, the Journal said, citing data provided by the
World Federation of Exchanges, a trade association.

According to the report, the rise, though small, is a sign that
U.S. public markets have recovered at least some of the vibrancy
of years past, reopening a key fundraising avenue for growing
companies. In the process, U.S. markets have at least temporarily
stanched the bleeding from listings lost to foreign competitors.

A year ago, the U.S. stock market was home to 4,916 companies, the
smallest number on records going back to 1991, the report related.

Now a combination of soaring stock indexes, looser regulations on
new stock offerings and a healthier economy meant more companies
went public, the report further related.  Twitter Inc. headlined
the revival.


* Andrew Zimmitti Joins Manatt's Washington Office as Partner
-------------------------------------------------------------
Manatt, Phelps & Phillips, LLP on Feb. 18 disclosed that
Andrew Zimmitti has joined the Washington, D.C., office as a
partner in the Litigation Division.  He joins the firm from Patton
Boggs, LLP, where he was a partner in the banking and financial,
commercial litigation and government investigations practice
groups.

Mr. Zimmitti joins former Patton Boggs colleague Carol Van Cleef
at Manatt. Van Cleef, whose move was announced Feb. 12, is one of
the nation's leading experts on issues related to payments systems
and virtual currencies, including Bitcoin and other crypto and
commodity-backed currencies.

Mr. Zimmitti represents clients in federal and state courts in a
wide variety of civil and white collar matters.  He has
substantial experience advising and defending financial
institutions, money services businesses and institution-affiliated
parties in regulatory enforcement actions including Bank Secrecy
Act/Anti-Money Laundering compliance and consumer
protection/unfair, deceptive and abusive practices related
actions.  He represents clients in Securities and Exchange
Commission investigations and litigation concerning the Foreign
Corrupt Practices Act, the Investment Advisors Act, broker-dealer
regulations, and in bankruptcy proceedings.  Mr. Zimmitti also
advises clients on policies and protocols for the preservation,
collection, review and production of electronically stored
information in civil litigation.

"The addition of a lawyer with Andrew's considerable background
and abilities underscores our commitment to offering first-rate
litigation capabilities in our core industry sectors," said
Matt Kanny, chair of Manatt's national Litigation Division.
"Andrew joins an impressive group of litigators in our Washington
office, and his extensive trial experience, notably in consumer
financial services, will bring immediate value to clients.  He and
Carol make a formidable team and we are pleased to welcome Andrew
to Manatt."

Prior to joining Patton Boggs, Mr. Zimmitti served on active duty
as a judge advocate in the U.S. Navy, where he tried cases before
military courts-martial and administrative separation boards.  He
represented senior military personnel in various administrative
matters within the Department of Defense and advised active duty
and retired military personnel on diverse civil matters.

Mr. Zimmitti said, "Manatt's cross-disciplinary approach is
compelling.  I was particularly impressed by the firm's
sophisticated regulatory, financial services and banking
practices, which, combined with a nationally recognized litigation
bench and premier digital media and advertising practices, provide
an ideal platform to service my clients and continue to expand my
practice.  Also, the opportunity to join my former colleague Carol
Van Cleef, who is doing extraordinary work in the global payments
and anti-money laundering space, was one I could not pass up.  I
look forward to working with this dynamic and accomplished group."

Mr. Zimmitti earned a B.A. from the University of Chicago and a
J.D. from Georgetown University Law Center.

               About Manatt, Phelps & Phillips, LLP

Manatt, Phelps & Phillips, LLP -- http://www.manatt.com-- is one
of the nation's leading law and consulting firms, with offices
strategically located in California (Los Angeles, Orange County,
Palo Alto, San Francisco and Sacramento), New York (New York City
and Albany) and Washington, D.C. The firm represents a
sophisticated client base -- including Fortune 500, middle-market
and emerging companies -- across a range of practice areas and
industry sectors.


* Dan LaBert Named NACBA's New Executive Director
-------------------------------------------------
The National Association of Consumer Bankruptcy Attorneys (NACBA)
on Feb. 18 disclosed that Dan LaBert, former executive vice
president and chief operating officer for the Pennsylvania
Institute of Certified Public Accountants (PICPA), has been named
as the organization's new executive director.

Mr. LaBert will oversee the daily operations of NACBA and work
with its board of directors to develop a strategic direction for
the organization.

NACBA President Edward Boltz said: "Our organization faces unique
challenges and opportunities in the coming years and we wanted to
be positioned properly to make the most of what comes our way.
We believe that Dan LaBert is the person who can help us navigate
what will sometimes be difficult waters."

"I am truly honored to be selected for this position after a
nationwide search was conducted," says Mr. LaBert.  "I look
forward to serving the needs of consumer bankruptcy attorneys
across the country and helping them protect the rights of consumer
debtors in bankruptcy."

Prior to joining PICPA, Mr. LaBert served as the executive
director of the Bar Association of Lehigh County in Allentown,
Pennsylvania.  Mr. LaBert received the Eastern Pennsylvania
Business Journal Executive Spotlight Award in 2011 and Top 20
Under 40 Executives in 2010.

Mr. LaBert also served as executive director for the Brewers of
Pennsylvania, and in multiple positions with the Leadership
Institute, a nationwide nonprofit and nonpartisan leadership
training organization.

Prior to transferring to Pennsylvania State University where he
earned a B.S. in political science, Mr. LaBert attended the
University of Buffalo for three years on a full athletic
scholarship in football.  He served on the board of governors for
the Greater Lehigh Valley Chamber of Commerce, the executive
committee of the Lehigh Valley Consortium of Professional
Associations and the board of directors for The First Tee of the
Lehigh Valley.

                          About NACBA

The National Association of Consumer Bankruptcy Attorneys --
http://www.nacba.org-- is the only national organization
dedicated to serving the needs of consumer bankruptcy attorneys
and protecting the rights of consumer debtors in bankruptcy.
Formed in 1992, NACBA has 3,500 members located in all 50 states
and Puerto Rico.


* Fay Servicing Appoints Andy Laing as Chief Operating Officer
--------------------------------------------------------------
Fay Servicing, a special servicer that manages residential
mortgages throughout the United States, on Feb. 17 disclosed that
Andy Laing has joined its executive team as its chief operating
officer where he will lead all of the firm's servicing, default,
business intelligence and back office operations, as well as help
manage new strategic initiatives.

Mr. Laing brings more than 20 years of experience in the financial
services industry.  He most recently served as senior manager in
the financial services strategy and operations department at
Deloitte Consulting, LLP, where he spent the last three years
supporting the design and implementation of product, channel and
operation transformation of large banks and credit card companies.
His primary focus was to assist in the adaptation of business
models to a rapidly changing business and regulatory environment.
Laing also served in numerous executive positions at HSBC,
including EVP and Head of Global Credit Card Operations as well as
SVP and Head of Customer Service and Loan Administration for
HSBC's North American secured and unsecured businesses.  Prior to
the ten years Laing spent at HSBC, he worked as a consultant at
Accenture and as an analyst at the Federal Reserve.

"A key theme throughout Andy's accomplishments and research has
been his focus on the benefits of maximizing the customer's
experience which makes him an ideal fit with our firm," said
Ed Fay, chief executive officer of Fay Servicing.  "His experience
successfully applying operational discipline to large-scale
consumer finance platforms will help us continue to grow in a
controlled manner while providing valuable solutions to our
borrowers and maintaining high levels of performance for our
clients."

                     About Fay Servicing

Chicago, Ill.-based Fay Servicing -- http://www.fayservicing.com
-- is a special servicer which leverages its relationship-based
servicing platform to optimize performance of residential loan
portfolios for banking institutions and alternative real estate
investors.


* Lorna Scharlacken Joins Cohen & Grigsby as Partner in Florida
---------------------------------------------------------------
Cohen & Grigsby, a business law firm with headquarters in
Pittsburgh, PA and an office in Naples, FL, on Feb. 17 disclosed
that Lorna Scharlacken has joined the firm's Naples office as a
partner.  Ms. Scharlacken counsels individuals and families in
estate planning matters, with a special emphasis on high net worth
families, business succession planning, the preservation and
transfer of wealth and federal estate tax matters.  She also
advises personal representatives/executors and trustees in the
administration of estates and trusts.  Ms. Scharlacken works with
families to develop strategies to promote positive family
dynamics, to reduce tax liabilities, to preserve wealth and to
meet charitable goals.

Ms. Scharlacken joined Cohen & Grigsby, having come from another
Naples-area law firm where she was a partner specializing in
complex estate planning matters, ranging from revocable living
trusts, to private family foundations and family limited
partnerships.  Ms. Scharlacken is also an experienced business
lawyer and assists families with the transition of family owned
businesses and the transfer of wealth through generations.

Ms. Scharlacken received a Bachelor of Arts from the University of
Florida, a J.D., cum laude, from Thomas M. Cooley Law School, and
a LL.M. in Corporate Law from the New York University School of
Law.  She is a member of the Florida Bar Association, The Collier
County Women's Bar Association, the Estate Planning Council of
Naples, and the Professional Advisors Council of the Community
Foundation of Collier County.

                       About Cohen & Grigsby

Since 1981, Cohen & Grigsby, P.C. -- http://www.cohenlaw.com--
and its attorneys have provided sound legal advice and solutions
to clients that seek to maximize their potential in a constantly
changing global marketplace.  Comprised of more than 130 lawyers,
Cohen & Grigsby maintains offices in Pittsburgh, PA and Naples,
FL.  The firm's practice areas include Business Services, Labor &
Employment, Immigration/International Business, Real Estate &
Public Finance, Litigation, Employee Benefits and ERISA, Estates &
Trusts, Bankruptcy & Creditors Rights, and Public Affairs.  Cohen
& Grigsby represents private and publicly held businesses,
nonprofits, multinational corporations, individuals and emerging
businesses across a full spectrum of industries.


* Steven Kaufmann Rejoins Morrison & Foerster's D.C. Office
-----------------------------------------------------------
Morrison & Foerster on Feb. 18 disclosed that Steven M. Kaufmann,
a former chair of the firm's global litigation practice, has
rejoined the firm as a litigation partner in its Washington, D.C.
and Denver offices after nearly four years with the Obama
Administration.  Mr. Kaufmann has extensive commercial litigation
and trial experience, handling disputes in a range of industries
including financial services, telecommunications, energy, real
estate, logistics and pharmaceuticals.  He also has a strong
background in class action defense in the financial services,
securities and antitrust areas.

After more than 25 years with Morrison & Foerster, Mr. Kaufmann
was appointed by President Obama to serve as chief of staff at the
Millennium Challenge Corporation (MCC) in 2010.  MCC is an
independent U.S. government development agency created by Congress
in 2004 to reduce poverty through long-term investments in
impoverished countries.  With an annual operating budget of
approximately $900 million, MCC makes significant investments in
African, Asian and Latin American nations designed to eliminate
obstacles to economic growth, including transportation and energy
solutions.

"We are thrilled to welcome Steven back to MoFo," firm chair
Larren M. Nashelsky said.  "As a leading commercial litigator with
a successful track record in resolving complex disputes facing
global businesses, Steven adds depth to our premier litigation
platform.  His experience working in the Obama Administration will
bolster the firm's existing capabilities in a number of areas ?
including international arbitration, Foreign Corrupt Practices
Act, cross-border finance, project finance and M&A."

Brad Lui, managing partner of Morrison & Foerster's D.C. office
added, "Steven is highly respected nationally for his hands-on
approach, sound judgment and strategic thinking.  His return,
coupled with the arrival of DOJ's lead FCPA lawyer Chuck Duross,
illustrates the firm's commitment to further enhancing our
litigation and enforcement capabilities.  Both bring tremendous
value to our clients as they navigate today's global business and
regulatory climate."

Prior to his departure from the firm in 2010, Mr. Kaufmann was the
chair of Morrison & Foerster's Litigation Department.  He is also
a former managing partner and head of litigation in its Denver
office, and a former chair of the firm's Consumer Litigation and
Class Action Practice Group.  He also maintained an active pro
bono practice and won the Colorado Lawyers Committee's Individual
of the Year and Outstanding Sustained Contribution awards.

"I couldn't be more pleased to return to MoFo, and to work with my
former colleagues again," Mr. Kaufmann said.  "My recent
government work with MCC makes the D.C. office the perfect fit for
my practice.  I look forward to enhancing the firm's financial
services litigation and commercial litigation practices, and
contributing to the growth and success of the firm."

MCC CEO, Daniel Yohannes, congratulated Mr. Kaufmann on his new
position, noting that "Steven provided great leadership, insight,
creativity and judgment to his role as MCC's Chief of Staff.  He
made a critical contribution to MCC's work and results during the
past four years."

Mr. Kaufmann earned his J.D. from the University of Michigan and
his undergraduate degree from Wesleyan University.  He was named
Colorado's Top Lawyer in the area of management and litigation by
Law Week Colorado, and Best Lawyers in America listed him as a
leader in the fields of antitrust and commercial litigation.

Morrison & Foerster is consistently ranked as one of the top
litigation practices in the country by The American Lawyer, the
Chambers guides, The National Law Journal, and Benchmark
Litigation.  In addition, the U.S. News & World Report/Best
Lawyers' "Best Law Firms" ranks the firm in the top tier
nationally in 12 separate litigation practices.

                            About MOFO

Morrison & Foerster is a global firm with clients including some
of the largest financial institutions, investment banks,
Fortune 100, technology and life science companies.  The form has
been included on The American Lawyer's A-List for 10 straight
years, Chambers Global named MoFo its 2013 USA Law Firm of the
Year, and Chambers USA named the firm both its 2013 Intellectual
Property and Bankruptcy Firm of the Year.




                             *********

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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