TCR_Public/140721.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, July 21, 2014, Vol. 18, No. 201

                            Headlines

ABERDEEN LAND: Exclusive Solicitation Period Extended to Aug. 29
ABERDEEN LAND: Confirmation Hearing Rescheduled to Aug. 26
ACTIVECARE INC: William Martin Quits as Director
AEROSTAR AIRPORT: Moody's Lowers Rating on $350MM Bonds to Ba1
AFFYMAX INC: Class Action Settlement Hearing Set on Sept. 19

ALLY FINANCIAL: Declares Dividends on Preferred Stock
AUTOSEIS INC: Requests Additional 60 Days to File Plan
AVIATION CAPITAL: S&P Raises Unsecured Debt Rating From 'BB+'
BIO-RAD LABORATORIES: Moody's Withdraws Ba1 Corp. Family Rating
BISTRO CENTRAL: Case Summary & 20 Largest Unsecured Creditors

BLUEJAY PROPERTIES: To Sell Quinton Apartment at July 25 Auction
BURLINGTON STORES: Moody's Raises Corporate Family Rating to B1
BURLINGTON STORES: S&P Affirms 'B' Corp. Credit Rating
CALPINE CORP: Moody's Hikes Senior Secured Debt Rating to Ba3
CENTERLINE GUARANTEED: Moody's Puts Ba3 Rating on Review

CERIDIAN LLC: Moody's Rates $702MM HCM Exchange Term Loan 'B1'
CHARLOTTE CAFE: Restaurant Files for Chapter 11
CHESTERFIELD COUNTY: S&P Cuts Rating on Revenue Bonds to 'CCC'
CHEYENNE HOTEL: U.S. Trustee Seeks Dismissal of Ch. 11 Case
COLDWATER CREEK: Creditors Seek to Shorten Exclusivity Periods

CONYERS BANK: Community & Southern Bank Assumes All Deposits
CORINTHIAN COLLEGES: Ex-U.S. Attorney To Monitor Co.
CRUMBS BAKE SHOP: Meeting to Form Creditors' Panel Set for July 23
CRUMBS BAKE SHOP: Files for Chapter 11 to Sell to Marcus, Fischer
CRUMBS BAKE SHOP: Lemonis/Fisher JV to Provide DIP Financing

CRUMBS BAKE SHOP: Obtains Approval of Ch. 11 First Day Motions
CRYOPORT INC: Has Private Placement of $303,600 Securities
DETROIT COMMUNITY: S&P Lowers Rating on 2005 Revenue Bonds to 'B-'
DIJAN INC: Closes 4 Arby's Outlets; Case Converted to Chapter 7
DOGWOOD PROPERTIES: Has Approval to Use Orion Cash Collateral

DOGWOOD PROPERTIES: Can Modify Plan to Provide for Legal Fees
DOGWOOD PROPERTIES: Has Deal on Treatment of Orion Secured Claims
DVORKIN HOLDINGS: Gets Approval of Agreement With MB Financial
EDISON MISSION: EME Trust Board Approves Cash Distribution
EL TOVAR: Case Summary & 20 Largest Unsecured Creditors

ELEPHANT TALK: Converts Note Into 4.2 Million Common Shares
ENERGY FUTURE: NextEra Floats Bankruptcy Merger for Oncor Division
ENERGY FUTURE: Lawyer Says Co. Will 'Vigorously Pursue' Deals
EPAZZ INC: Incurs $3.4 Million Net Loss in 2013
ESPIRITO SANTO: Files for Creditor Protection

ESSAR STEEL: Files Chapter 15 to Support Canadian Plan
EVENT RENTALS: Plan Terms OK'd, Confirmation Hearing on Aug. 27
EVENT RENTALS: Exclusive Solicitation Date Extended to Dec. 13
EVENT RENTALS: Revised FTI Consulting Employment Order Entered
FAMILY INTERVENTION: Case Summary & 20 Top Unsecured Creditors

FIRST DATA: PIK Notes Repayments No Impact on Fitch Ratings
FIRST DATA: S&P Raises 1st Lien Debt Rating to 'BB-'
FREEDOM INDUSTRIES: Gets Approval for Asset Disposal
FREEDOM INDUSTRIES: Proposes $2.9-Mil. Deal in Contamination Case
FREESEAS INC: Receives Notice of Listing Deficiencies from NASDAQ

GENERAL MOTORS: Solons Challenge CEO Over Decision to Keep Lawyer
GENUTEC BUSINESSS: U.S. Trustee Appoints Creditors' Committee
HFOTCO LLC: S&P Assigns 'BB-' ICR & Rates $550MM Sr. Loan 'BB-'
IBAHN CORPORATION: Seeks Oct. 1 Extension of Plan Exclusivity
INNOVENTE INC: Files Notice of Intention to Make BIA Proposal
JENKINS OIL: Case Summary & 12 Top Unsecured Creditors

LATEX FOAM: Amends List of 20 Largest Unsecured Creditors
LATEX FOAM: Aug. 16 Hearing on Cohn Reznick as Accountant
LATEX FOAM: Authorized to Use Cash Collateral Until July 31
LATEX FOAM: Committee Hires Schafer and Weiner & Reid and Reige
LOVE CULTURE: Files Chapter 11 to Close Stores, Sell Business

LOVE CULTURE: Meeting to Form Creditors' Panel Set for July 23
MIG LLC: U.S. Trustee to Hold Creditors' Meeting Aug. 11
MISA INVESTMENTS: Moody's Affirms 'B1' Corporate Family Rating
MMODAL INC: Wins More Time to Decide on Leases
MMRGLOBAL INC: Stockholders Elected Two Directors

OVERSEAS SHIPHOLDING: First Amended Ch. 11 Plan Confirmed
PACIFIC STEEL: Wins More Time to Decide on Leases
PACIFIC STEEL: Exclusive Right to File Plan Extended to Oct. 6
PACIFIC STEEL: Seeks Approval to Assume Executory Contracts
PETRON ENERGY: Darling Capital Reports 9.9% Equity Stake

PHI GROUP: Amends Form 10-Q for Quarter Ended Dec. 31, 2012
PROVIDENT FINANCING: Fitch Affirms 'BB+' Rating on 7.405% Secs.
PRWIRELESS INC: S&P Raises Corporate Credit Rating to 'CCC+'
QUIZNOS: Lawyer Discusses Impact of Bankruptcy to Franchisees
SEARS METHODIST: Two More Creditors Appointed to Committee

SIMPLEXITY LLC: Has Until Oct. 13 to Remove Lawsuits
STHI HOLDINGS: Moody's Assigns B2 Rating on New Sr. Secured Debt
TECHPRECISION CORP: Inks Separation Pact with Former Unit Pres.
TRIPLANET PARTNERS: Balks at Creditor's Dismissal Bid
VERSO PAPER: Debt Exchange Doubt Jeopardizes Newpage Merger

VIKING CRUISES: S&P Affirms 'B+' CCR & Revises Outlook to Stable
VISUALANT INC: Borrows $300,000 From CEO
WAFER BIO-SYSTEMS: Appoints Ivan Trifunovich as Board Chairman
WEX INC: S&P Lowers ICR to 'BB-' on Higher Leverage
XZERES CORP: Reports 12.4% Equity Stake

YSC INC: Files Second Amended Disclosure Statement

* Republicans Take Issue With Big Bank Living Wills

* Mike Wyse Joins Donlin, Recano & Company as Executive Director

* BOND PRICING: For the Week From July 14 to 18, 2014


                             *********

ABERDEEN LAND: Exclusive Solicitation Period Extended to Aug. 29
----------------------------------------------------------------
U.S. Bankruptcy Judge Jerry A. Funk has extended Aberdeen Land II,
LLC's exclusive period during which only the Debtor may solicit
acceptances of the Chapter 11 Plan Of Reorganization for an
additional 65 days from June 26, 2014, through and including
August 29, 2014.

On July 2, 2014, the Debtor filed the fifth joint motion for
continuance of confirmation hearing scheduled for July 10, 2014,
and extension of corresponding confirmation deadlines in order to
give the Parties additional time to finalize the formal agreements
implementing the terms and conditions of the Settlement Term Sheet
and to obtain approval by the Aberdeen Community Development
District board of the bond restructuring proposed by the Parties.

Significantly, in conjunction with the Fifth Agreed Motion, the
Debtor also agreed to further extend the Acceptance Deadline for
U.S. Bank National Association as trustee under that certain
Master Trust Indenture dates as of October 1, 2005, by and between
Aberdeen Community Development District and the Trustee and
Aberdeen Community Development District to July 2, 2014.

Consequently, the Debtor requires a further extension of the
Acceptance Deadline during which only the Debtor may solicit
acceptances of the Plan.

                      About Aberdeen Land II

Aberdeen Land II, LLC, doing business as Aberdeen, owns
a 1,316-acre master- planned community near Jacksonville, Florida.
The project is designed for 1,623 single-family homes and 395
multi-family units.  More than 1,000 units have been sold, leaving
Aberdeen with 856 undeveloped lots and 28.1 acres zoned for
commercial or residential use.

Aberdeen filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
13-04103) on July 1, 2013, in Jacksonville, Florida.  The Debtor
has tapped Genovese Joblove & Battista, P.A., as counsel, Kapila &
Company as accountant, Kellerhals Ferguson Fletcher Kroblin, PLLC,
as special counsel, and Fishkind & Associates as expert
consultants.

Aberdeen owes $24 million in bonds that financed the project and
more than $20 million to secured lenders with mortgages on the
property.

In its amended schedules, the Debtor disclosed $41,165,861 in
assets and $31,189,704 in liabilities as of the petition date.

No creditors' committee was appointed in the case.


ABERDEEN LAND: Confirmation Hearing Rescheduled to Aug. 26
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
continue on Aug. 26, 2014, at 3:30 p.m., the hearing on the
confirmation of the Chapter 11 plan proposed by Aberdeen Land II,
LLC.

As reported in the Troubled Company Reporter, Aberdeen filed on
Oct. 11, 2013, its proposed plan which provides for the continued
operation of the property of its estate through a reorganized
company.

The plan provides for cash payments to holders of allowed claims
in certain instances and for the transfer of property to certain
holders of allowed secured claims as the indubitable equivalent of
such allowed secured claims.

The primary source of the funds necessary to implement the plan
initially will be the cash of the reorganized company, exit
financing and the sales of portions or all of Aberdeen's real
property.

On Oct. 17, the bankruptcy court approved the outline of the plan
or the so-called disclosure statement.

                      About Aberdeen Land II

Aberdeen Land II, LLC, doing business as Aberdeen, owns
a 1,316-acre master- planned community near Jacksonville, Florida.
The project is designed for 1,623 single-family homes and 395
multi-family units.  More than 1,000 units have been sold, leaving
Aberdeen with 856 undeveloped lots and 28.1 acres zoned for
commercial or residential use.

Aberdeen filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
13-04103) on July 1, 2013, in Jacksonville, Florida.  The Debtor
has tapped Genovese Joblove & Battista, P.A., as counsel, Kapila &
Company as accountant, Kellerhals Ferguson Fletcher Kroblin, PLLC,
as special counsel, and Fishkind & Associates as expert
consultants.

Aberdeen owes $24 million in bonds that financed the project and
more than $20 million to secured lenders with mortgages on the
property.

In its amended schedules, the Debtor disclosed $41,165,861 in
assets and $31,189,704 in liabilities as of the petition date.

No creditors' committee was appointed in the case.


ACTIVECARE INC: William Martin Quits as Director
------------------------------------------------
William K. Martin voluntarily resigned as a member of the Board of
Directors and Audit Committee of ActiveCare, Inc.  Mr. Martin's
resignation was not due to any disagreements with the Company or
any officer or director of the Company.

                        About ActiveCare

South West Valley City, Utah-based ActiveCare, Inc., is organized
into three business segments based primarily on the nature of the
Company's products.  The Stains and Reagents segment is engaged in
the business of manufacturing and marketing medical diagnostic
stains, solutions and related equipment to hospitals and medical
testing labs.  The CareServices segment is engaged in the business
of developing, distributing and marketing mobile health monitoring
and concierge services to distributors and customers.  The Chronic
Illness Monitoring segment is primarily engaged in the monitoring
of diabetic patients on a real time basis.

The Company's business plan is to develop and market products for
monitoring the health of and providing assistance to mobile and
homebound seniors and the chronically ill, including those who may
require a personal assistant to check on them during the day to
ensure their safety and well being.

ActiveCare incurred a net loss attributable to common stockholders
of $25.95 million the year ended Sept. 30, 2013, as compared with
a net loss attributable to common stockholders of $12.42 million
for the year ended Sept. 30, 2012.  The Company's balance sheet at
March 31, 2014, showed $10.75 million in total assets, $9.78
million in total liabilities and $957,032 in total stockholders'
equity.

Tanner LLC, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Sept. 30, 2013.  The independent auditors noted that
the Company has incurred recurring losses, has negative cash flows
from operating activities, has negative working capital, and has
negative total equity.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern.


AEROSTAR AIRPORT: Moody's Lowers Rating on $350MM Bonds to Ba1
--------------------------------------------------------------
Moody's Investors Service downgraded Aerostar Airport Holdings
$350 million of senior secured bonds rating to Ba1 from Baa3. The
rating was also placed under review for further downgrade. The
rating action follows Moody's downgrade of the Commonwealth of
Puerto Rico (B2 negative) and its related debt issuing entities
earlier this month.

Ratings Rationale

Aerostar is the special purpose vehicle that operates San Juan's
Luis Mu¤oz Marin Airport under a lease agreement with the Puerto
Rico Ports Authority (unrated). Aerostar's operating and financial
performance has not been impacted by Puerto Rico's economic
downturn. Enplanements in 2013 remained stable compared to 2012 at
4.2 million passengers. Over the first quarter of 2014
enplanements grew by 2% with respect to the same period in 2013.
Moreover, $62 million of Aerostar's revenues (roughly 60% of total
revenues) come directly from the airlines, under an airline use
agreement, regardless of passenger and enplanement volume. However
the deterioration in Puerto Rico's credit profile as captured in
the recent rating downgrade has direct implications for the
ratings of the local issuers.

Aerostar's downgrade recognizes that its creditworthiness cannot
be completely de-linked from the current stresses facing the
government and population of Puerto Rico, which have made credit
quality more uncertain for companies operating under government-
granted contracts governed under local law whose cash flow can
also be affected by changes in disposable income. The rating
action acknowledges the challenges of systemic risks for all local
credits.

During the review, Moody's will focus on assessing the nature and
magnitude of linkages between Aerostar and Puerto Rico's systemic
risks, operating environment and regulatory regimes.

If Moody's considers that these linkages between the commonwealth
and Aerostar are stronger than those reflected by the current
rating, the rating could be further downgraded. The rating could
also be downgraded if the commonwealth or its agencies attempt to
change the lease agreement under which Aerostar operates or take
any other action that directly or indirectly diminishes the
company's operating flexibility and cash flow generation capacity
to pay its debt obligations. A deeper economic recession that
affects passenger growth and diminishes cash flow generation of
the project could also result in a rating downgrade.

The Ba1 rating could be confirmed if Moody's considers that the
rating already captures these linkages and that Aerostar's
fundamental credit strength is considerably resilient to Puerto
Rico's systemic risks.

Aerostar Airport Holdings, LLC (AAH) is the project company
selected by the Commonwealth of Puerto Rico (B2, Negative) that
operates Luis Mu¤oz Marˇn Airport (The Airport), the largest
commercial airport in Puerto Rico, under a 40 year lease
agreement. AAH is jointly owned by Highstar Capital IV L.P. and
Aeropuerto de Cancun S.A. de C.V. Aeropuerto de Cancun S.A. de C.V
is owned by Grupo Aeroportuario del Sureste, S.A.B. de C.V (ASUR).
ASUR currently operates nine airports under concession frameworks,
such as the Cancun Airport, and is the operator at The Airport.

The methodologies used in this rating were Airports with
Unregulated Rate Setting published in July 2011, and Privately
Managed Toll Roads published in May 2014.


AFFYMAX INC: Class Action Settlement Hearing Set on Sept. 19
------------------------------------------------------------
The California Superior Court for the County of Santa Clara
granted preliminary approval of the settlement of the consolidated
derivative action against certain current and former directors and
officers of Affymax, Inc., and against Affymax as a nominal
defendant.  The Court set a further hearing, currently scheduled
for Sept. 19, 2014, to consider final approval of the settlement.

This Stipulation of Settlement, dated May 29, 2014, was made and
entered into by and among the following Settling Parties, by and
through their respective counsel of record:

    (i) plaintiffs Christopher Scott and Michael Markland,
        individually and derivatively on behalf of nominal
        defendant Affymax, Inc.;

   (ii) John A. Orwin, Robert F. Venteicher, Jeffrey H. Knapp,
        Anne-Marie Duliege, Herb Cross, Kathleen Laporte, Ted W.
        Love, Daniel K. Spiegelman, John P. Walker, Christine Van
        Heek, Keith R. Leonard, Jr., and Hollings C. Renton; and

  (iii) nominal defendant Affymax.

The Actions alleged, among other things, breaches of fiduciary
duty by the Individual Defendants relating to their supposed
misrepresentation of the safety and efficacy, among other things,
of OMONTYS.  Specifically, plaintiff Scott alleged that the
Individual Defendants, inter alia: (i) disregarded red flags
alerting them of hypersensitivity (or allergic) reaction
experienced by patients using OMONTYS during the drug's Phase 3
clinical trials; (ii) failed to implement additional testing to
develop a better understanding of the issues and determine the
root cause of the reaction; and (iii) failed to disclose the full
extent of the safety issues associated with using OMONTYS and
instead consistently touted the Company's business prospects in
order to drive up the stock price of Affymax.

The parties agreed that the Action will be dismissed with
prejudice and with full preclusive effect as to all Settling
Parties.

                           About Affymax

Affymax, Inc. (Nasdaq: AFFY) is a biopharmaceutical company based
in Palo Alto, California.  In March 2012, the U.S. Food and Drug
Administration approved the Company's first and only product,
OMONTYS(R) (peginesatide) Injection for the treatment of anemia
due to chronic kidney disease in adult patients on dialysis.
OMONTYS is a synthetic, peptide-based erythropoiesis stimulating
agent, or ESA, designed to stimulate production of red blood cells
and has been the only once-monthly ESA available to the adult
dialysis patient population in the U.S.  The Company co-
commercialized OMONTYS with its collaboration partner, Takeda
Pharmaceutical Company Limited, or Takeda during 2012 until
February 2013, when the Company and Takeda announced a nationwide
voluntary recall of OMONTYS as a result of safety concerns.

As of March 31, 2014, the Company had $6.46 million in total
assets, $8.79 million in total liabilities and a $2.33 million
total stockholders' deficit.

                         Bankruptcy Warning

"Because we have not made an irrevocable decision to liquidate,
the accompanying condensed financial statements have been prepared
under the assumption of a going concern basis that contemplates
the realization of assets and liabilities in the ordinary course
of business.  Operating losses have been incurred each year since
inception, resulting in an accumulated deficit of $559.5 million
as of March 31, 2014.  Nearly all of our revenues to date have
come from our collaboration with Takeda.  As a result of the
February 23, 2013 nationwide voluntary recall of OMONTYS and the
suspension of all marketing activities, there is significant
uncertainty as to whether we will have sufficient existing cash to
fund our operations for the next 12 months.  Given our limited
resources, there is no assurance that we will be able to reduce
our operating expenses enough to meet our existing and future
obligations and conduct ongoing operations.  If we do not have
sufficient funds to continue operations, we could be required to
liquidate our assets, seek bankruptcy protection or other
alternatives.  Any failure to dispel any continuing doubts about
our ability to continue as a going concern could adversely affect
our ability to enter into collaborative relationships with
business partners.  These matters raise substantial doubt about
our ability to continue as a going concern.  Our financial
statements do not include any adjustments that may result from the
outcome of this uncertainty," the Company said in the Quarterly
Report for the period ended March 31, 2014.

Affymax reported a net loss of $14.42 million in 2013 following a
net loss of $93.41 million in 2012.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that there is significant uncertainty as to whether the Company
will have sufficient financial resources to fund its operations
for the next 12 months.  This condition raises substantial doubt
about the Company's ability to continue as a going concern.


ALLY FINANCIAL: Declares Dividends on Preferred Stock
-----------------------------------------------------
Ally Financial Inc. has declared quarterly dividend payments for
certain outstanding preferred stock.  Each of these dividends were
declared by the board of directors on July 17, 2014, and are
payable on Aug. 15, 2014.

A quarterly dividend payment was declared on Ally's Fixed Rate
Cumulative Perpetual Preferred Stock, Series G, of $45.1 million,
or $17.50 per share, and is payable to shareholders of record as
of Aug. 1, 2014.  Additionally, a dividend payment was declared on
Ally's Fixed Rate/Floating Rate Perpetual Preferred Stock, Series
A, of $21.7 million, or $0.53 per share, and is payable to
shareholders of record as of Aug. 1, 2014.

                      Annual Meeting Results

On July 17, 2014, Ally Financial held its annual meeting of
stockholders at which the stockholders elected Franklin W. Hobbs,
Robert T. Blakely, Mayree C. Clark, Stephen A. Feinberg, Kim S.
Fennebresque, Gerald Greenwald, Marjorie Magner, Mathew Pendo,
John J. Stack, and Michael A. Carpenter as directors.  The
stockholders also approved the compensation of the Company's
executive officers and ratified the appointment by the Audit
Committee of the Board of Directors of Deloitte & Touche LLP as
the Company's independent registered public accounting firm for
2014.

                        About Ally Financial

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

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

As of March 31, 2014, the Company had $148.45 billion in total
assets, $133.99 billion in total liabilities and $14.45 billion in
total equity.

                           *     *     *

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

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

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


AUTOSEIS INC: Requests Additional 60 Days to File Plan
------------------------------------------------------
Autoseis, Inc. has requested a 60-day extension to file its Plan
of Reorganization in its Chapter 11 case in the Bankruptcy Court
for the Southern District of Texas, Corpus Christi Division.  If
the request is granted, the Debtor's Plan of Reorganization would
be due on September 23, 2014.

Since the petition date of March 24, 2014, the Debtor has
undergone litigation with its prepetition lenders regarding DIP
financing.  Ultimately the dispute was resolved, and the Debtor
has been able to focus on operational restructuring.  The Debtor
has also publicly restated its financial statements which were
incorrect due to internal control issues.  The Debtor has also
filed over one thousand pages of Schedules and Statements of
Financial Affairs.  The Debtor also calmed the fears of suppliers
and vendors so that its operations could continue.  Additionally
the Debtor has instituted the equivalent of a Chapter 15 ancillary
proceeding in Colombia in order to stop a prepetition creditor's
attempt to recoup $2.5 million in prepetition debt.

The Debtor submits that it is now in position to focus on
formulating a Plan of Reorganization.  The Debtor's prepetition
noteholders as well as the Official Committee of Unsecured
Creditors support a 60-day extension.

The Debtor contends that it is entitled to an extension for
"cause" pursuant to Sec. 1121(d) of the Bankruptcy Code based on
the significant progress it has made towards reorganization, the
size and complexity of its case, the fact that it is current on
its post-petition obligations, its timely filing of operating
reports, and the fact that it is not seeking the extension as a
means to pressure its creditors.

A hearing on the Debtor's request is scheduled for July 22 before
Judge Richard Schmidt in Corpus Christi.

The Debtor is represented by C. Luckey McDowell, Esq., Omar
Alaniz, Esq., and Ian E. Roberts, Esq. at Baker Botts LLP of
Dallas, TX and Shelby A. Jordan, Esq. and Nathaniel Peter Holzer,
Esq. at Jordan, Hyden, Womble, Culbreth & Holzer, PC of Corpus
Christi, TX.

             About Global Geophysical, Autoseis et al.

Global Geophysical Services Inc., a provider of seismic data for
the oil and gas drilling industry, sought bankruptcy protection,
intending to reorganize on its own with additional capital or
explore a sale or other transaction.

Based in Missouri City, Texas, Global Geophysical disclosed assets
of $468.7 million and liabilities totaling $407.3 million as of
Sept. 30, 2013.  Liabilities include $81.8 million on a secured
term loan owing to TPG Specialty Lending Inc. and Tennenbaum
Capital Partners LLC.  TPG is the lenders' agent.  Global also
owes $250 million on two issues of 10.5 percent senior unsecured
notes, with Bank of New York Mellon Trust Co. as indenture
trustee.

Global Geophysical and five affiliates, including Autoseis, Inc.
(lead debtor), filed Chapter 11 petitions in Corpus Christi, Texas
(Bankr. S.D. Tex. Lead Case No. 14-20130) on March 25, 2014.

The Debtors are represented by C. Luckey McDowell, Esq., Omar
Alaniz, Esq., and Ian E. Roberts, Esq., at Baker Botts, LLP, in
Dallas, Texas; and Shelby A. Jordan, Esq., and Nathanial Peter
Holzer, Esq., at Jordan, Hyden, Womble, Culbreth, & Holzer, PC in
Corpus Christi, Texas.  Alvarez & Marsal serves as the Debtors'
restructuring advisors, Fox Rothschild Inc. as financial advisor,
and Prime Clerk as claims and noticing agent.

Judy A. Robbins, the U.S. Trustee for Region 7, has selected seven
creditors to the Official Committee of Unsecured Creditors.  The
Committee tapped Greenberg Traurig, LLP as counsel; and Lazard
Freres & Co. LLC and Lazard Middle Market LLC, as financial
advisors and investment bankers.

The Ad Hoc Group of Noteholders and the DIP Lenders are
represented by Marty L. Brimmage, Jr., Esq., Charles R. Gibbs,
Esq., Michael S. Haynes, Esq., and Lacy M. Lawrence, Esq., at Akin
Gump Strauss Hauer & Feld LLP.

Prepetition secured lender TPG is represented by David M. Bennett,
Esq., Tye C. Hancock, Esq., and Joseph E. Bain, Esq., at Thompson
& Knight LLP; and Adam C. Harris, Esq., Lawrence V. Gelber, Esq.,
David M. Hillman, Esq., and Brian C. Tong, Esq., at Schulte Roth &
Zabel LLP.


AVIATION CAPITAL: S&P Raises Unsecured Debt Rating From 'BB+'
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its issue rating on
Newport Beach, Calif.-based aircraft lessor Aviation Capital Group
Corp.'s (ACG's) unsecured debt to 'BBB-' from 'BB+'. At the same
time, S&P affirmed its 'BBB-' corporate credit rating on the
company.  The outlook is stable.

"The upgrade reflects the reduced secured debt level in ACG's
capital structure, with secured debt now equaling less than 30% of
the company's assets," said Standard & Poor's credit analyst Betsy
Snyder.  "This is below our threshold for notching down unsecured
debt of an investment-grade (rated 'BBB-' and higher) aircraft
leasing company."  Over the last five years, ACG has been issuing
unsecured debt and repaying secured debt.  S&P expects these
trends to continue and that secured debt as a percentage of assets
will continue to decline.

The stable outlook reflects S&P's expectation that ACG's debt
levels will remain relatively consistent through 2015 due to
capital spending for new aircraft deliveries.  S&P expects ACG's
FFO to debt to remain at about 8% and debt to capital of about
80%.

While not considered likely, S&P could lower rating if ACG's FFO
to debt declined to below 6% on a sustained basis.  This could
result from global economic weakness causing weaker demand for
aircraft, which would likely pressure lease rates and cash flow.

S&P do not consider an upgrade likely until the company's FFO to
debt approaches 10% on a sustained basis or if Pacific Life
chooses to operate ACG at a lower leverage level.


BIO-RAD LABORATORIES: Moody's Withdraws Ba1 Corp. Family Rating
---------------------------------------------------------------
Moody's Investors Service upgraded the senior unsecured notes of
Bio-Rad Laboratories, Inc. to Baa3 from Ba1. Concurrently, Moody's
changed the rating outlook to stable from positive. The upgrade
reflects Bio-Rad's long track record of conservative financial
policies including the maintenance of adjusted debt to EBITDA
below 2.5x, and the absence of dividends and share repurchases.

Moody's upgraded the following rating:

  $425 million Senior Unsecured notes due 2020 to Baa3 from Ba1

Concurrently, Moody's has withdrawn the following ratings, as
these measures are applicable only for non investment grade
companies:

  Ba1 Corporate Family Rating

  Ba1-PD Probability of Default Rating

  SGL-1 Speculative Grade Liquidity Rating

All LGD Assessments

The outlook is stable.

Ratings Rationale

Bio-Rad's Baa3 rating is supported by the company's conservative
financial policy, which has led to a strong balance sheet,
characterized by cash and short-term investments in excess of
debt. Bio-Rad has good diversity by product, customer and
geography and roughly 70% of revenue is recurring in nature. These
factors have helped support a long history of growth and stable
financial performance throughout economic cycles. Further, Moody's
expects that Bio-Rad will maintain excellent liquidity over the
next 12-18 months.

The ratings are constrained by the company's size, which is modest
both on an absolute basis and relative to competitors. Further,
Moody's expects that operating performance will continue to be
constrained by significant investments in a major ongoing ERP
implementation, and acquisitions of assets that have negative
EBITDA. While these investments in new products and information
technology will benefit Bio-Rad over the longer-term, they will
constrain margins and free cash flow over the next 12-18 months.
Lastly, Bio-Rad will continue to face headwinds due to its
exposure to government funding, both in Europe in the diagnostics
business and in the US in the life science business.

The stable outlook reflects Moody's expectation that Bio-Rad will
continue to operate with conservative financial policies and
generate modest growth in revenue and profit despite market
headwinds and internal investments.

Moody's could upgrade the ratings if Bio-Rad expands its scale,
either organically or through strategic acquisitions, while
sustaining adjusted debt to EBITDA below 2.5 times. Improvement in
profit margins and free cash flow as a result of strong returns on
the current investments that Bio-Rad is making into the business
could also support an upgrade.

If increased competition, adverse economic conditions or
government funding trends negatively impact Bio-Rad's revenue and
cash flow in a meaningful way, Moody's could downgrade the
ratings. Further, a change in financial policies such as large,
debt-funded acquisitions or a more aggressive stance toward
shareholder returns could result in a downgrade. Specifically, if
Moody's expects debt/EBITDA to be sustained above 3.0 times, the
ratings could be downgraded.

The principal methodology used in this rating was the Global
Medical Product and Device Industry published in October 2012.

Bio-Rad, based in Hercules, California, operates in two industry
segments: Life Science and Clinical Diagnostics. The Life Science
segment includes the manufacture of equipment and related products
for research, drug discovery and food pathogen testing, primarily
in the laboratory setting. The Clinical Diagnostic segment
includes the manufacture of equipment and tests used to detect,
identify and quantify substances in blood or other body fluids and
tissues, primarily used in hospital and reference laboratories.
Bio-Rad reported revenues of $2.1 billion for the twelve months
ended March 31, 2014.


BISTRO CENTRAL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Bistro Central, LV LLC
           dba Central Michel Richard
        101 Convention Center Drive, Suite 830
        Las Vegas, NV 89109

Case No.: 14-14931

Chapter 11 Petition Date: July 17, 2014

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Debtor's Counsel: Bryan A. Lindsey, Esq.
                  THE SCHWARTZ LAW FIRM, INC.
                  6623 Las Vegas Blvd. So., Ste 300
                  Las Vegas, NV 89119
                  Email: bryan@schwartzlawyers.com

                    - and -

                  Samual A. Schwartz, Esq.
                  THE SCHWARTZ LAW FIRM, INC.
                  6623 Las Vegas Blvd. So., Ste 300
                  Las Vegas, NV 89119
                  Tel: (702) 385-5544
                  Fax: (702) 385-2741
                  Email: sam@schwartzlawyers.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carl Halvorson, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nvb14-14931.pdf


BLUEJAY PROPERTIES: To Sell Quinton Apartment at July 25 Auction
----------------------------------------------------------------
Bluejay Properties LLC, owner of a residential apartment complex
in Geary County, Kansas, received court approval to sell the
property at a July 25 auction where bidders will include Bankers'
Bank of Kansas and Kaw Valley Bank.

U.S. Bankruptcy Judge Robert Berger approved the bidding
procedures proposed by the company at a hearing on July 17.

Under the bidding process, bids for the property, commonly known
as the Quinton Point Apartments, must be submitted before 4:00
p.m., on July 22.  Qualified bidders must appear in person at the
auction or through an authorized representative.

At the July 25 auction, Bankers' Bank's opening bid will be a
credit bid of $16.14 million.  The auction will be conducted at
the offices of Stumpy Hanson LLP, in Topeka, Kansas.

Bluejay intends to close the sale of the property to the winning
bidder within two days after the auction.  The closing will occur
at the title company, Junction City Title and Abstract Co. Inc.

As a part of the closing, the company will assume and assign to
the winning bidder its residential leases with tenants at the
Quinton Point Apartments, according to court papers.

                     About Bluejay Properties

Based in Junction City, Kansas, Bluejay Properties, LLC, doing
business as Quinton Point, filed a bare-bones Chapter 11 petition
(Bankr. D. Kan. Case No. 12-22680) in Kansas City on Sept. 28,
2012.  Bankruptcy Judge Robert D. Berger presides over the case.
Todd A. Luckman, Esq., and Kathryn E. Sheedy, Esq., at Stumbo
Hanson LLP, in Topeka.

The Debtor owns the Quinton Point Apartment Complex in Kansas City
valued at $17 million.  The Debtor scheduled liabilities of
$13,112,325.  The petition was signed by Michael L. Thomas of TICC
Prop., managing member.

Bankers' Bank of Kansas, owed approximately $13.08 million, is
represented by Arthur S. Chalmers of Hite, Fanning & Honeyman,
LLP.  The University National Bank, owed approximately
$1.2 million, is represented by Edward J. Nazar of Redmond &
Nazar, L.L.P., and Todd Thompson of Thompson Ramsdell & Qualseth,
P.A.

There has been no official committee of unsecured creditors
appointed in the case.


BURLINGTON STORES: Moody's Raises Corporate Family Rating to B1
---------------------------------------------------------------
Moody's Investors Service upgraded Burlington Stores, Inc.'s
Corporate Family Rating to B1 from B2 and its Probability of
Default Rating to B1-PD from B2-PD. Moody's also moved the
Corporate Family Rating and SGL-2 Speculative Grade Liquidity
rating to Burlington's wholly-owned subsidiary Burlington Coat
Factory Warehouse Corporation's (BCFW) as this is the highest
rated entity with debt. Moody's also upgraded BCFW's existing
secured term loan due 2017 to Ba3 from B1 as well as the senior
PIK toggle notes issued by Burlington Holdings, LLC due 2018 to B3
from Caa1, and affirmed the B3 rating on BCFW's senior unsecured
notes. The rating outlook is stable.

Moody's also assigned a B1 (LGD 3) rating to BCFW's proposed $1.2
billion senior secured term loan due 2021. Proceeds from the new
term loan, as well as drawings under the company's asset-based
revolver will be used to repay in full substantially all of the
company's existing debt, and to fund costs and expenses associated
with the refinancing. Moody's will withdrawal the ratings assigned
to existing debt instruments if they are retired as anticipated in
connection with the transactions. The proposed refinancing is also
a credit positive as it will lower the company's interest costs
and lengthen its debt maturity profile. The rating is subject to
receipt and review of final documentation.

The upgrade in BCFW's Corporate Family Rating reflects the
company's meaningful operating progress under its new management
team, evidenced by an approximately 16% increase in EBITDA in
fiscal 2013 and Moody's expectations that credit metrics will
continue to improve, primarily through continued growth in EBITDA
over the course of the fiscal year ending January 2015. The
upgrade also reflects Moody's expectations that financial policies
are likely to become more creditor friendly including the likely
use of free cash flow to reduce debt at least over the near to
intermediate term. Moody's does not expect meaningfully positive
free cash flow in fiscal 2015 due to the one-time costs associated
with the comprehensive refinancing, and costs expected to be
incurred in connection with a new corporate headquarters.. While
affiliates of Bain Capital still own a majority of Burlington's
outstanding shares, Moody's believes the risk of aggressive
financial policies, such as debt financed dividends, is now
meaningfully reduced given Bain's significant sell-down of its
ownership position subsequent to the company's initial public
offering.

The following ratings were upgraded and are being moved:

Burlington Coat Factory Warehouse Corporation (ratings previously
were assigned at Burlington Stores Inc.)

Corporate Family Rating to B1 from B2

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

The following ratings were upgraded:

Burlington Coat Factory Warehouse Corporation

$825 million Senior secured term loan due 2017 to Ba3 LGD 3 from
B1 LGD 3 (*)

Burlington Holdings, LLC

$69 million Senior unsecured PIK Toggle Notes to B3 LGD 6 from
Caa1 LGD 6 (*)

The following ratings were affirmed:

Burlington Coat Factory Warehouse Corporation (ratings previously
were assigned at Burlington Stores Inc.)

Speculative Grade Liquidity rating at SGL-2

Burlington Coat Factory Warehouse Corporation

$450 million senior unsecured notes due 2019 at B3 LGD 5 (*)

The following rating was assigned:

Burlington Coat Factory Warehouse Corporation

Senior secured term loan due 2021 at B1 LGD 3

(*) these instrument ratings are expected to be withdrawn upon
    successful conclusion of the proposed refinancing.

Ratings Rationale

BCFW's B1 Corporate Family Rating reflects its moderately high
financial leverage with debt/EBITDA in the low five times range
and EBITDA/interest coverage near two times (including the benefit
of debt reduction in the past year, but excluding further interest
savings from any refinancing). The rating also reflects Moody's
expectations that the company's financial policies will be
supportive for creditors with free cash flow expected to further
reduce debt over the near to intermediate term now that the
company's financial sponsors have a more moderate shareholding in
the company. The ratings reflect the company's participation in
the off-price retail segment which Moody's considers a resilient
segment of retailing. Moody's believes recent actions, such as
improved merchandising initiatives, are driving sustainable
improvement in operating margins evidenced in recent performance.
The ratings reflect the company's weak competitive position, as it
is still significantly smaller than its largest peers -- TJX and
Ross Stores -- and with significantly lower operating margins.

The stable outlook reflects Moody's expectations that the company
will remain on track to drive moderate margin expansion on low
single digit revenue increases as BCFW benefits from positive
trends for off price apparel retailing. Moody's does not expect
the company to make meaningful progress reducing debt over the
remainder of fiscal 2014 due to the costs associated with
refinancing initiatives and higher than normal capital
expenditures this year. Over time Moody's expects the company to
generate positive free cash flow that will enable it to reduce
absolute debt levels.

Ratings could be upgraded if the company is able to demonstrate
continued progress on its investment initiatives, which would be
evidenced by sustained improvement in same-store sales and
expanded operating margins. The company would also need to
demonstrate that it is committed to maintaining more moderate
financial policies and further reduce leverage. Quantitatively
ratings could be upgraded if debt/EBITDA fell below 4.5 times and
EBITA/interest coverage exceeded 2.5 times.

Ratings could be lowered if recent positive trends in performance
were to reverse or financial policies became more aggressive, such
as meaningful additional debt financed share repurchases.
Quantitatively ratings could be lowered if debt/EBITDA was
sustained above 5.5 times, EBITA/interest coverage were to
approach 1.5 times or the company's good liquidity profile were to
erode.

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

Headquartered in Burlington, NJ, Burlington Stores operates a
national chain of off price retail stores, operating 523 stores as
of May 3, 2014 primarily under the Burlington Stores name. LTM
revenues exceed $4.5 billion.


BURLINGTON STORES: S&P Affirms 'B' Corp. Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Burlington Stores Inc.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to Burlington's proposed seven-year $1.2 billion
senior secured term loan.  The '3' recovery rating indicates S&P's
expectation of meaningful (50%-70%) recovery in the event of
payment default.

At the same time, S&P assigned its 'BB-' issue-level rating and
'1' recovery rating to Burlington's $600 million senior secured
ABL facility.  The '1' recovery rating indicates S&P's expectation
of very high (90%-100%) recovery in the event of payment default.

The company will use proceeds from the proposed term loan
facility, along with borrowings under its ABL facility, to repay
or redeem its outstanding debt.  S&P expects to withdraw all
issue-level and recovery ratings for Burlington Coat Factory
Warehouse Corp.'s, a subsidiary of Burlington Stores Inc., 2019
senior notes and term loan due 2017 once repaid or redeemed.

"Our rating affirmation reflects our view that Burlington's cash
flow and leverage metrics in 2014 to 2015 will remain relatively
unchanged from our prior forecast following the planned
refinancing.  We expect the company's pro forma cash flow to
benefit from moderately lower interest expense although debt
levels will be approximately the same," said credit analyst Tobias
Crabtree.  "Our affirmation also reflects that while Burlington's
financial sponsor Bain Capital has reduced its ownership recently
it continues to own more than 40% of equity.  As a result, we view
Bain Capital to hold significant influence on the company's
financial policies at this time."  S&P's stable rating outlook
reflects its forecast that enhanced operating efficiencies,
positive operating leverage, and new store growth will result in
performance gains over the next year.  S&P projects EBITDA growth
will result in a modestly better credit protection profile
following the proposed transaction over the next year.  S&P's
outlook also incorporates its view of the company's financial
policies given Bain Capital owning more than 40% of the company.

Upside scenario

S&P could consider an upgrade if a further reduction of private
equity ownership to below 40% were to occur and its view that the
risk of releveraging above 5x would be low.  Under this scenario,
leverage would be in the low-4x area and interest coverage would
be above 3x.  A higher rating would also be conditioned on the
company continuing to demonstrate performance gains with positive
same-store sales growth and improving margins as under S&P's
current base-case scenario.

Downside scenario

S&P could consider a negative rating action if consumer spending
drops because of weakness in the U.S. economy or merchandise
missteps hurt Burlington's performance and credit measures
deteriorate.  Under this scenario, same-store sales would be down
in the low-single digits and margins would erode by about 100 bps.
At that time, leverage would be around 6x and interest coverage
would be in the low-2x area.


CALPINE CORP: Moody's Hikes Senior Secured Debt Rating to Ba3
-------------------------------------------------------------
Moody's Investors Service affirmed Calpine Corp.'s corporate
family rating (CFR) at B1 and revised its outlook to positive,
from stable. At the same time, following Calpine's announcement
that it will issue $2.8 billion of senior unsecured notes and use
the proceeds to pay down secured debt, Moody's upgraded Calpine's
senior secured rating to Ba3 and assigned a B3 rating to the $2.8
billion of senior unsecured notes to be issued.

Upgrades:

Issuer: Calpine Corporation

Senior Secured Bank Credit Facility Apr 1, 2018, Upgraded to Ba3
from B1

Senior Secured Bank Credit Facility Dec 10, 2015, Upgraded to Ba3
from B1

Senior Secured Bank Credit Facility Oct 9, 2019, Upgraded to Ba3
from B1

Senior Secured Bank Credit Facility Apr 1, 2018, Upgraded to Ba3
from B1

Senior Secured Bank Credit Facility Oct 31, 2020, Upgraded to Ba3
from B1

Senior Secured Bank Credit Facility Apr 1, 2018, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Bank Credit Facility Dec 10, 2015, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Bank Credit Facility Oct 9, 2019, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Bank Credit Facility Apr 1, 2018, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Bank Credit Facility Oct 31, 2020, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Regular Bond/Debenture Jul 31, 2020, Upgraded to
Ba3 from B1

Senior Secured Regular Bond/Debenture Jan 15, 2023, Upgraded to
Ba3 from B1

Senior Secured Regular Bond/Debenture Feb 15, 2021, Upgraded to
Ba3 from B1

Senior Secured Regular Bond/Debenture Jan 15, 2024, Upgraded to
Ba3 from B1

Senior Secured Regular Bond/Debenture Aug 15, 2019, Upgraded to
Ba3 from B1

Senior Secured Regular Bond/Debenture Jan 15, 2022, Upgraded to
Ba3 from B1

Senior Secured Regular Bond/Debenture Jul 31, 2020, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Regular Bond/Debenture Jan 15, 2023, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Regular Bond/Debenture Feb 15, 2021, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Regular Bond/Debenture Jan 15, 2024, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Regular Bond/Debenture Aug 15, 2019, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Senior Secured Regular Bond/Debenture Jan 15, 2022, Upgraded to a
range of LGD3, 37 % from a range of LGD3, 48 %

Assignments:

Issuer: Calpine Corporation

Senior Unsecured Regular Bond/Debenture, Assigned B3

Senior Unsecured Regular Bond/Debenture, Assigned B3

Senior Unsecured Regular Bond/Debenture, Assigned a range of
LGD5, 89 %

Senior Unsecured Regular Bond/Debenture, Assigned a range of
LGD5, 89 %

Outlook Actions:

Issuer: Calpine Corporation

Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Calpine Corporation

Probability of Default Rating, Affirmed B1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Corporate Family Rating, Affirmed B1

Ratings Rationale

"Calpine's positive outlook reflects improving market fundamentals
and an expected increase in cash flow to debt ratios over the next
few years" says Moody's Senior Analyst Toby Shea. "If these trends
continue, Moody's could upgrade Calpine's ratings at some point
over the next 12 to 18 months" added Shea. Moody's did not alter
Calpine Construction Finance Company's (CCFC) Ba3 senior secured
rating and CCFC's outlook remains stable because the improving
market fundamentals are unlikely to materially affect CCFC's
credit metrics, as it mainly receives contractual cash flows for
its production.

Calpine Corp.'s B1 CFR rating reflects the inherent volatility of
the merchant power sector and considerable but improving debt
leverage, tempered by the scale and geographic diversity of its
operations. Calpine also has a significant fuel concentration
risk, as its fleet of generation assets are predominantly natural
gas-fired. However, natural gas plants are faring much better than
other generation assets in current industry downturn, which is
characterized by low power prices and surplus capacity in many
regions. Calpine's ability to generate positive free cash flow
even through the current downturn is an important rating
consideration. Unlike its merchant peers with coal or nuclear
generation, gas plants have a relatively low level of maintenance
capital expenditures and generally do not require large capital
outlays associated with air pollution regulations in the case of
coal or Fukushima-related safety modifications in the case of
nuclear. Calpine has very little income tax burden and does not
pay dividends, which also helps to bolster its free cash flow, but
it does repurchase shares. Calpine repurchased $623 million worth
of shares in 2013 and another $140 million this year through May
1st, 2014.

The upgrade of Calpine's senior secured rating to Ba3 from B1
reflects the introduction of a significant amount of unsecured
debt into the capital structure, the concurrent repayment of
approximately $2.8 billion of senior secured debt, and the
improved recovery prospects for the remaining, lower amount of
senior secured debt.

Calpine continues to be burdened by high debt leverage and low
cash flow coverage metrics. Based on Moody's adjusted financials,
Calpine's CFO pre-WC/debt ratio for the last twelve months ending
Q1 2014 was 6.5%, which was on par with 6.5% and 5.5% levels
registered in 2011 and 2012, respectively. Moody's believe that
Calpine's cash flows are likely to improve over the course of 2014
and 2015 due to improving market fundamentals and that the CFO
pre-WC/debt ratios could be around 9% in 2015. While the
guidelines for Ba ratings under Moody's Unregulated Utilities and
Power Companies rating methodology ranges from 13% to 20%, this is
offset by Calpine's many other mitigating strengths in its overall
business risk profile, including its lack of environmental
exposure and strong liquidity management.

Liquidity

Calpine's speculative-grade liquidity rating is SGL-2. The company
continues to possess good liquidity, with $515 million of cash on
hand and $761 million of unused capacity on its revolving credit
facility as of March 31, 2014. Excluding project finance debt
maturities, Calpine's next scheduled debt maturity is in April
2018 and its corporate revolving facility is due June 2018. The
company generated $677 million of free cash flow before growth
capital expenditures for year 2013.

Corporate Profile

Headquartered in Houston, Texas, Calpine is a major U.S.
independent power company that operates 86 power plants, with
capacity of approximately 25.4 gigawatts (GW) of electricity in
U.S. and Canada. The company also has three plants currently under
construction or expansion, to increase capacity by 0.7 GW. In July
2014, Calpine completed the sales of its six power plants in its
Southeast region to LS Power for $1.57 billion in cash. The
portfolio of assets comprises 3.5 GW of combined-cycle generation
capacity in Oklahoma, Louisiana, Alabama, Florida and South
Carolina.

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


CENTERLINE GUARANTEED: Moody's Puts Ba3 Rating on Review
--------------------------------------------------------
Moody's Investors Service has placed the underlying B3 rating of
the Centerline Guaranteed Corporate Partners II LP (formerly known
as Related Capital Guaranteed Corporate Partners II, LP) Series B,
Series C, Series D, and Series F tax credit funds under review for
possible downgrade or withdrawal due to lack of sufficient
information to maintain the rating.

Summary Rating Rationale

The funds were issued to purchase limited partnership interests in
a number of affordable housing projects that generate low income
housing tax credits. In order to maintain the rating on the tax
credit funds, Moody's must review recent financial information on
the funds, and operating information on the underlying housing
projects. The fund sponsor has declined to provide us with this
information. If Moody's do not receive this information within the
following 30 days, Moody's will take appropriate rating action
which could include withdrawal or lowering of the rating.

The principal methodology used in this rating was Moody's Approach
to Analyzing Pools of Multifamily Properties published in October
2001.


CERIDIAN LLC: Moody's Rates $702MM HCM Exchange Term Loan 'B1'
--------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Ceridian LLC's
new $702 million HCM Exchange Term Loan Tranche B-2 ("HCM Term
Loan"), and the new $125 million senior secured revolver ("New
Revolver"). Moody's affirmed the B1 rating on the existing $1.4
billion Senior Secured Term Loan B, which is being amended and
will be renamed Term Loan B-1 Tranche ("Ceridian Term Loan"), with
$673 million outstanding following this refinancing. All other
ratings, including the B3 corporate family rating (CFR) and B3-PD
probability of default rating (PDR), were affirmed. The rating
outlook remains stable.

Proceeds of the HCM Term Loan will be used to repay about half of
the $1.4 billion of the Ceridian Senior Secured Term Loan B due
May 2017. Unlike the Ceridian Term Loan, the credit agreement does
not require that the HCM Term Loan and the New Revolver be repaid
upon the sale or initial public offering (IPO) of Ceridian's
Comdata Inc. ("Comdata") subsidiary. Moreover, upon the sale or
IPO of Comdata and subject to certain leverage tests, the maturity
of the HCM Term Loan and the New Revolver will be extended to
September 2020 and September 2019, respectively, from May 2017 and
November 2016, respectively.

Rating Rationale

Ceridian's B3 corporate family rating reflects Ceridian's high
financial leverage, with Moody's expectation of debt to EBITDA
(Moody's adjusted) of about 7x and free cash flow to debt (Moody's
adjusted) of less than 5%, as well as a high level of cyclicality
in both its human resources and card servicing businesses.
Ceridian faces intense competition from larger U.S. payroll
processors with greater financial resources but is a leader in
fuel payment cards for U.S. long haul truckers and corporate
payment cards for various other industries, which provides
customer diversity. Ceridian's business model provides for a
relatively predictable recurring revenue stream because of the
long term contracts and high retention of its installed user base
because of the high switching costs. Nevertheless, high
unemployment and low interest rates negatively affect Ceridian's
financial results. With a slow growth economy, Moody's expect that
profitability and free cash flow will grow slowly resulting in a
modest reduction in financial leverage over the next two years.

The stable outlook reflects Moody's expectation that Ceridian will
experience some improvement in revenue and FCF in 2014 and 2015 as
DayForce HCM rolls out and Ceridian benefits from the cost
reduction efforts of the past two years. Moody's expect that debt
to EBITDA (Moody's adjusted) will decline to below 7x over the
next year.

The ratings could be upgraded if Ceridian achieves sustained
growth in revenues, profit, and FCF or materially repays debt such
that Moody's expect that the ratio of debt to EBITDA (Moody's
adjusted) will be sustained below 6x and FCF to debt (Moody's
adjusted) will be sustained above the low single digits.

The rating could be lowered if Ceridian fails to achieve organic
revenue and EBITDA growth such that Moody's expects the ratio of
debt to EBITDA (Moody's adjusted) to remain over 7x over the next
year or liquidity materially weakens.

Assignments:

Issuer: Ceridian LLC

Senior Secured Bank Credit Facility (HCM Term Loan), Assigned B1,
LGD2

Senior Secured Bank Credit Facility (New Revolver), Assigned B1,
LGD2

Outlook Actions:

Issuer: Ceridian LLC

Outlook, Remains Stable

Affirmations:

Issuer: Ceridian LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Senior Secured Bank Credit Facility May 9, 2017 (Ceridian Term
Loan), Affirmed B1

Senior Secured Regular Bond/Debenture July 15, 2019, Affirmed B1

Senior Unsecured Regular Bond/Debenture Nov 15, 2017, Affirmed
Caa2

Senior Unsecured Regular Bond/Debenture Mar 15, 2021, Affirmed
Caa3

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

Ceridian, based in Minneapolis, Minnesota, is a services and
transaction processing company primarily in the human resource,
transportation, and retail markets.


CHARLOTTE CAFE: Restaurant Files for Chapter 11
-----------------------------------------------
Rachel Adams-Heard, writing for The Charlotte Observer, reported
that Charlotte Cafe, one of the oldest businesses in the landmark
Park Road Shopping Center, filed for bankruptcy protection on July
15, but its owner says the 33-year-old restaurant is staying put.

"We will take it on as a family, and we'll get out," said Jimmy
Roupas, who opened the restaurant in 1981.

Mr. Roupas said the cafe's financial trouble stems from increased
food prices and from debts incurred during the recession.  He said
sales dropped about $70,000 in 2008 among the three Charlotte Cafe
locations at the Arboretum, on Park Road and in Lake Wylie.


CHESTERFIELD COUNTY: S&P Cuts Rating on Revenue Bonds to 'CCC'
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating on
Chesterfield County Industrial Development Authority, Va.'s
multifamily housing revenue bonds (Winchester Greens Townhouses)
series 1999 to 'CCC' from 'A+'.  S&P also placed the rating on
CreditWatch with negative implications.

"The downgrade and CreditWatch reflect the project's draw on its
debt service reserve fund on July 1, 2014," said Standard & Poor's
credit analyst Raymond Kim.  "Based on our previous review in
September 2013, the 'A+' rating on the authority reflected the
project's 1.78x debt service coverage for the 2012 fiscal year and
similar coverage based on 2013 interim financial statements.
Audited financial statements for 2013 also indicate debt service
coverage of approximately 2x."

According to a notice from the trustee dated July 2, 2014, the
Trustee drew $24,930.06 from the project's debt service reserve
fund to fund the July 1, 2014, debt service payment, indicating
insufficient deposits into the project's revenue fund for the
period between Jan. 1, 2014, and June 30, 2014.  The trustee also
reported that it will transfer funds from the project's revenue
fund to the project's debt service reserve fund until the debt
service reserve fund is replenished.  If the project's debt
service reserve fund is replenished, S&P will review the project's
year-to-date financial performance for 2014 and update the rating
accordingly.

The Winchester Greens Townhouses consists of 240 brick townhouse
and garden-style apartment units.  The amenities include a
swimming pool, fitness center, clubhouse, and playground.  The
property is owned by Richmond Better Housing Coalition (RBHC), a
501C(3) not-for-profit corporation.  RBHC was formed in 1988 to
substantially increase affordable housing resources in the
Richmond area.


CHEYENNE HOTEL: U.S. Trustee Seeks Dismissal of Ch. 11 Case
-----------------------------------------------------------
The U.S. Trustee seeks dismissal of Cheyenne Hotel, Inc. LLC's
Chapter 11 case in the District of Colorado.  The Trustee contends
that "cause" exists for dismissal pursuant to Sec. 1112(b) of the
Bankruptcy Code because the Debtor is delinquent on U.S. Trustee
Quarterly Fees in the amount of $11,371.

The Debtor filed an objection to the U.S. Trustee's request for
dismissal because the following items require the Court's approval
prior to dismissal:

   1)  Professional fees and costs incurred by the Debtor, and
   2)  The Receiver's final accounting.

Daniel J. Morse, Esq., Assistant U.S. Trustee, filed the request
on behalf of U.S. trustee, Richard A. Wieland.

The Debtor is represented by Thomas F. Quinn, Esq., at Thomas F.
Quinn, PC of Denver, CO.

                      About Cheyenne Hotels

Cheyenne Hotels LLC, which owns and operates the Hampton Inn &
Suites in Colorado Springs, Colorado, filed for Chapter 11
bankruptcy (Bankr. D. Colo. Case No. 11-37518) on Nov. 25, 2011.
Judge A. Bruce Campbell presides over the case, taking over from
Judge Michael E. Romero. Thomas F. Quinn, Esq., at Thomas F. Quinn
PC, serves as the Debtor's counsel.

Cheyenne Hotels estimated $10 million to $50 million in both
assets and debts. The petition was signed by Tanveer Khan,
manager.

Affiliate Cheyenne Hotel Investments LLC filed for Chapter 11
bankruptcy protection (Bankr. D. Colo. Case No. 11-25379) on
June 28, 2011, disclosing assets of $12,912,702 and liabilities of
$8,074,325 as of the Petition Date.  Thomas F. Quinn, Esq., also
represents Hotel Investments.

Hotel Investments won confirmation of its own Chapter 11 plan on
Aug. 16, 2013.  A copy of the Third Amended Plan of Reorganization
dated Aug. 5, 2013, is available at no charge at:

      http://bankrupt.com/misc/CHEYENNEHOTEL_3rdAmdPlan.PDF

No committee of creditors or equity security holders has been
appointed in the Debtors' cases.

As reported by the Troubled Company Reporter on Jan. 6, 2014, the
U.S. Trustee for Region 19 sought dismissal of the Hotel LLC case.
Daniel J. Morse, as Assistant U.S. Trustee, said Cheyenne Hotels
has been afforded the protections of the Bankruptcy Code for over
two years but has failed to confirm a Chapter 11 Plan.  Meanwhile,
the bankruptcy estate continues to accrue administrative expenses,
including professional fees, which are diminishing the bankruptcy
estate.


COLDWATER CREEK: Creditors Seek to Shorten Exclusivity Periods
--------------------------------------------------------------
Coldwater Creek, Inc. has filed an objection to the request by the
Official Committee of Unsecured Creditors to terminate the
Debtor's exclusive period for filing a Plan of Reorganization.
The Debtor's Chapter 11 case was filed on April 11, 2014 and is
pending in the Bankruptcy Court for the District of Delaware.

The Confirmation Hearing has been scheduled for August 19.  The
Debtor contends that the Committee's request is no more than a
disguised confirmation objection.  The Debtor points out that a
party seeking to terminate a debtor's exclusive period must show
"cause" for the termination, which is a heavy burden, especially
during the initial 120 day exclusive period.  Cause to terminate a
debtor's initial exclusive period "should only be found in
extraordinary circumstances." In re Energy Conversion, 474 B.R.
503, 510 (Bankr. E.D. Mich. 2012).

The Debtor has made remarkable progress since the petition date.
The Debtor continues to operate its 350 retail stores, is current
on post-petition debts, has obtained approval of procedures to
assume or reject executory contracts and unexpired leases, and has
sold its inventory, intellectual property and spa business.
Further, the Debtor has obtained approval of its Disclosure
Statement.

The Debtor points out that "displeasure with a Plan . . . is not a
basis for terminating exclusivity."  In re Adelphia Communs.
Corp., 352 B.R. 578, 587 (Bankr. S.D.N.Y. 2006).  Additionally,
termination of the Debtor's exclusive period would delay, rather
than move the case forward.

CC Holdings of Delaware, LLC - Series A, CC Holdings of Delaware,
LLC - Series B, and CC Holdings Agency Corporation (collectively
the "Term Loan Parties") have joined in the Debtor's objection to
the Committee's request to terminate the Debtor's exclusive
period.

The Debtor is represented by Douglas P. Bartner, Esq., William
J.F. Roll, III, Esq., and Jill Frizzley, Esq. at Shearman &
Sterling LLP of New York, NY and Pauline K. Morgan, Esq., Kenneth
J. Enos, Esq., and Jaime Luton Chapman, Esq. at Young, Conway,
Stargatt & Taylor, LLP of Wilmington, DE.

The Term Loan Parties are represented by Joshua Sussbery, Esq. at
Kirkland & Ellis LLP of New York, NY, Michael B. Slade, Esq. at
Kirkland & Ellis of Chicago, IL and Domenic E. Pacitti, Esq. at
Klehr, Harrison, Harvey, Branzburg LLP of Wilmington, DE.

                     About Coldwater Creek

Coldwater Creek is a multi-channel retailer that offers its
merchandise through retail stores across the country, its catalog
and its e-commerce Web site, http://www.coldwatercreek.com/
Originally founded in Sandpoint, Idaho in 1984 as a direct,
catalog-based marketer, Coldwater evolved into a multi-channel
specialty retailer operating 334 premium retail stores, 31 factory
outlet stores and seven day spa locations throughout the United
States.

As of the bankruptcy filing, the Debtors domestically employ a
total of approximately 5,990 employees throughout their retail
locations, corporate headquarters and distribution, design and
call centers.

Coldwater Creek Inc. and its debtor-affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10867) on
April 11, 2014, to liquidate their assets.

Coldwater Creek Inc. disclosed assets of $721,468,388 plus
undetermined amount and liabilities of $425,475,739 plus
undetermined amount.  Affiliate Coldwater Creek U.S. Inc.
estimated $100 million to $500 million in assets and liabilities.

The Debtors have drawn $37.5 million and have approximately
$10 million in letters of credit outstanding under a senior
secured credit facility (ABL facility) provided by lenders led by
Wells Fargo Bank, National Association, as agent.  The Debtors
also owe $96 million, which includes accrued interest and
approximately $23 million representing a prepayment premium
payable, under a term loan from lenders led by CC Holding Agency
Corporation, as agent.  Aside from the funded debt, the Debtors
have accumulated a significant amount of accrued and unpaid trade
and other unsecured debt in the normal course of their business.

The Debtors have tapped Young Conaway Stargatt & Taylor, LLP, and
Shearman & Sterling LLP as attorneys, Perella Weinberg Partners LP
as financial advisor, Alvarez & Marsal as restructuring advisor,
and Prime Clerk LLC as claims and noticing agent.

The U.S. Trustee for Region Three named seven creditors to serve
on the official committee of unsecured creditors.  Lowenstein
Sandler LLP represent the Committee.


CONYERS BANK: Community & Southern Bank Assumes All Deposits
------------------------------------------------------------
Eastside Commercial Bank, Conyers, Georgia, was closed by the
Georgia Department of Banking & Finance, which appointed the
Federal Deposit Insurance Corporation (FDIC) as receiver.  To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with Community & Southern Bank, Atlanta,
Georgia, to assume all of the deposits of Eastside Commercial
Bank.

The two branches of Eastside Commercial Bank will reopen as
branches of Community & Southern Bank during their normal business
hours.  Depositors of Eastside Commercial Bank will automatically
become depositors of Community & Southern Bank.  Deposits will
continue to be insured by the FDIC, so there is no need for
customers to change their banking relationship in order to retain
their deposit insurance coverage up to applicable limits.

Customers of Eastside Commercial Bank should continue to use their
current branch until they receive notice from Community & Southern
Bank that systems conversions have been completed to allow full-
service banking at all branches of Community & Southern Bank.

Depositors of Eastside Commercial Bank can continue to access
their money by writing checks or using ATM or debit cards. Checks
drawn on the bank will continue to be processed.  Loan customers
should continue to make their payments as usual.

As of March 31, 2014, Eastside Commercial Bank had approximately
2$169.0 million in total assets and $161.6 million in total
deposits.  In addition to assuming all of the deposits of Eastside
Commercial Bank, Community & Southern Bank agreed to purchase
approximately $104.7 million of the failed bank's assets.  In a
separate transaction, the FDIC will enter into an agreement with
State Bank and Trust Company, Macon, Georgia, to purchase $42.6
million of Eastside Commercial Bank's loans.  The FDIC will retain
the remaining assets for later disposition.


CORINTHIAN COLLEGES: Ex-U.S. Attorney To Monitor Co.
----------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that former U.S. attorney Patrick J. Fitzgerald has been appointed
to oversee Corinthian Colleges Inc., as the for-profit education
company winds down its operations.  According to the report, Mr.
Fitzgerald, who prosecuted a pair of Illinois governors, including
Rod Blagojevich, will review Corinthian's expenditures, budgets,
projections and student databases, as well as any documents
Corinthian provides to potential purchasers of its campuses. Mr.
Fitzgerald will report back to the U.S. Department of Education.
Mr. Fitzgerald is a partner at Skadden, Arps, Slate, Meagher &
Flom.


CRUMBS BAKE SHOP: Meeting to Form Creditors' Panel Set for July 23
------------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on July 23, 2014, at 10:00 a.m. in
the bankruptcy cases of Crumbs Bake Shop, Inc., et al.  The
meeting will be held at:

         United States Trustee's Office
         One Newark Center
         1085 Raymond Blvd.
         14th Floor, Room 1401
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.

Crumbs Bake Shop, Inc., and 22 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. D. N.J. Lead Case No.
14-24287) on July 11, 2014.  John D. Ireland signed the petitions
as chief financial officer.  Crumbs Bake Shop estimated assets of
$10 million to $50 million and the same range of liabilities.

Cole, Schotz, Meisel, Forman & Leonard, P.A., acts as the Debtors'
counsel.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  Judge Michael B. Kaplan oversees the jointly administered
cases.


CRUMBS BAKE SHOP: Files for Chapter 11 to Sell to Marcus, Fischer
-----------------------------------------------------------------
Crumbs Bake Shop, Inc., a New York based cupcake specialty store
chain, on July 11 disclosed that it has entered into an Asset
Purchase Agreement through which Lemonis Fischer Acquisition
Company, LLC, a joint venture created by Marcus Lemonis LLC and
Fischer Enterprises, L.L.C., will acquire the Crumbs' business as
part of the Company's filing of voluntary Chapter 11 petitions in
the United States Bankruptcy Court for the District of New Jersey.

Lemonis Fischer Acquisition Company, which provided pre-petition
secured financing to Crumbs, has also committed to provide debtor-
in-possession ("DIP") financing to the Company, subject to court
approval.  The agreement with Lemonis Fischer Acquisition Company
comprises the initial stalking horse bid in the Court-supervised
auction process under Section 363 of the Bankruptcy Code.  Under
the terms of the Asset Purchase Agreement, Lemonis Fischer
Acquisition Company would acquire substantially all of Crumbs'
assets.  The Company hopes to complete the sale process in
approximately 60 days, pending receipt of the necessary approvals
from the Bankruptcy Court.

"We are very pleased to have reached this agreement with Lemonis
and Fischer after carefully evaluating opportunities to strengthen
Crumbs' financial position in order to ensure a strong future for
the Crumbs brand and business," said Edward M. Slezak, Crumbs
Chief Executive Officer and General Counsel.  "The steps we are
taking today will allow us to continue to execute our business
strategy, expand our licensing business and position ourselves to
move toward a franchise store model.  We remain saddened that we
were forced to cease operations before this agreement was reached,
but we strongly believe that pursuing this sale through the
chapter 11 process is ultimately in the best interest of the
Company and its stakeholders."

"I truly believe in the Crumbs brand and am excited to help the
Company enter into a new chapter in its history," said Marcus
Lemonis, host of CNBC's The Profit series and CEO of Camping World
and Good Sam Enterprises.  "I think there is tremendous
opportunity to expand the Crumbs offering, build on the Company's
growth strategy and to leverage the synergies between Crumbs and
other companies in my and the Fischers' portfolio, such as Dippin'
Dots ice cream, Doc Popcorn, Wicked Good Cupcakes, Little Miss
Muffin, Betty Lou's snacks, a host of gluten-free baked goods,
Matt's Cookies, Pie King, Key West Key Lime Pies, Mr. Green Tea
Ice Cream, Sweet Pete's Candy and Coffee of Grace (Grace Hightower
De Niro), as well as a new exciting product from an episode of the
upcoming fall season of CNBC's The Profit."

"Fischer Enterprises is excited to partner with Marcus Lemonis in
the next phase of its evolving relationship with Crumbs," said
Scott Fischer, C.O.O., Fischer Enterprises.  "We strongly feel
that the team we've put together has the business experience and
industry know-how to improve Crumb's product mix, broaden its
consumer appeal and make the Company a profitable business concern
going forward."

Lemonis Fischer Acquisition Company and Crumbs will evaluate the
retail strategy with the goal of reopening select locations or
opening new locations in the future.  Additionally, Mr. Slezak
will remain with the Company throughout the process in order to
ensure a smooth emergence and transition.

As previously communicated, Crumbs had historically implemented a
retail expansion strategy that was ultimately proven
unsustainable.  In the past year, the company had begun shifting
its growth strategy to focus on licensing and franchising
opportunities and has been successful in signing new licensees for
its baked goods, as well as new products including Crumbs branded
bake mix, bakeware, coffee and gourmet popcorn.  While Crumbs has
made tremendous progress in expanding its distribution channels
and avenues for growth in recent months, the Board of Directors
and management ultimately decided to pursue a sale of the business
through the chapter 11 process in order to give Crumbs the
flexibility to focus on new opportunities for the benefit of the
business and its stakeholders.

Interested parties can access additional information about the
Company's chapter 11 filing and sale process at
http://cases.primeclerk.com/crumbs

Glass Ratner is serving as Crumbs' financial advisor and the law
firm Cole, Schotz, Meisel, Forman & Leonard P.A. is serving as
Crumbs' legal advisor.

The first Crumbs bake shop opened in March 2003 on the Upper West
Side of Manhattan and is well known for its innovative and
oversized gourmet cupcakes.

New York City-based Crumbs Bake Shop, Inc. --
https://www.crumbs.com/ -- engages in the business of selling a
wide variety of cupcakes, cakes, cookies and other baked goods as
well as hot and cold beverages. Crumbs offers these products
through its stores, e-commerce division, catering services and
wholesale distribution business.


CRUMBS BAKE SHOP: Lemonis/Fisher JV to Provide DIP Financing
------------------------------------------------------------
Marcus Lemonis LLC and Fischer Enterprises, L.L.C. on July 11
disclosed that they have formed a joint venture, Lemonis Fischer
Acquisition Company, LLC, and have signed an agreement to provide
financing to and ultimately acquire the assets of Crumbs Bake
Shop, the New York-based cupcake chain that ceased operations
Monday and filed voluntary Chapter 11 petitions in the United
States Bankruptcy Court for the District of New Jersey earlier
today.

Under terms of the agreement, the joint venture has provided
pre-petition secured financing to provide Crumbs with funding to
complete its Chapter 11 filing.  In addition, Lemonis Fischer
Acquisition Company has committed to provide debtor-in-possession
("DIP") financing, subject to court approval, and to ultimately
acquire Crumbs' assets under Section 363 of the Bankruptcy Code,
forming a new privately held Crumbs company, re-opening its stores
and putting its employees back to work.

"Fischer Enterprises and Lemonis continue to view the Crumbs brand
as being well established in the marketplace with a loyal customer
base.  Crumbs is known for its high-quality cupcakes, which will
remain a mainstay in the new company but will be supplemented by a
much improved product mix to broaden its appeal to a larger
customer base," said Scott Fischer, C.O.O., Fischer Enterprises.
"We are excited to join forces with business guru Marcus Lemonis
to develop a plan that is designed to reshape the company and
operate the new Crumbs for broader appeal."

According to Lemonis, "Our goal is to create a viable business
model by making Crumbs the nation's 'sweet and snack' destination.
We will continue to offer high-quality Crumbs cupcakes and add
other high-quality products owned or controlled by me and/or the
Fischers, such as Dippin' Dots ice cream, Doc Popcorn, Wicked Good
Cupcakes, Little Miss Muffin, Betty Lou's snacks, a host of
gluten-free baked goods, Matt's Cookies, Pie King, Key West Key
Lime Pies, Mr. Green Tea Ice Cream, Sweet Pete's Candy and Coffee
of Grace (Grace Hightower De Niro), as well as a new exciting
product from an episode of the upcoming fall season of CNBC's The
Profit.  This is a great opportunity to join forces with Fischer
Enterprises and the high level of business expertise and acumen
they possess."

Fischer Enterprises, the owner of frozen treat maker Dippin' Dots,
L.L.C., is a privately held investment company based in Oklahoma
City. The company previously completed a $5 million senior secured
credit facility with Crumbs Bake Shop in January 2014.

Marcus Lemonis is an entrepreneur, investor, television
personality, and chairman and CEO of Camping World and Good Sam
Enterprises.  Mr. Lemonis is also known as the "business
turnaround king" and star of CNBC's prime time reality series, The
Profit, in which he lends his expertise to struggling small
businesses around the country and judges businesses based on a
"Three P" principle: People, Process, and Product.

New York City-based Crumbs Bake Shop, Inc. --
https://www.crumbs.com/ -- engages in the business of selling a
wide variety of cupcakes, cakes, cookies and other baked goods as
well as hot and cold beverages. Crumbs offers these products
through its stores, e-commerce division, catering services and
wholesale distribution business.


CRUMBS BAKE SHOP: Obtains Approval of Ch. 11 First Day Motions
--------------------------------------------------------------
Crumbs Bake Shop, Inc., a New York based cupcake specialty store
chain, on July 18 disclosed that the U.S. Bankruptcy Court for the
District of New Jersey has approved all of the First Day Motions
related to its voluntary Chapter 11 process initiated July 11,
2014 and outlined bid procedures that the Company will ask the
Court to approve in connection with a Court-supervised auction
process under Section 363 of the Bankruptcy Code.

"This is an important milestone in the Chapter 11 process, and we
thank the Court for its careful consideration of our requests,"
said Edward M. Slezak, Crumbs Chief Executive Officer and General
Counsel.  "We are confident that Crumbs is taking the right steps
to protect the brand and position the Company for long-term
success.  We are evaluating the Company's retail strategy with the
goal of reopening select Crumbs locations.  Further, we intend to
take time during this process to continue the strategy our team
had put in place in the past year focused on licensing and
franchising opportunities, given the success we had in signing new
licensees for our baked goods, as well as introducing new products
including Crumbs branded bake mix, bakeware, coffee and gourmet
popcorn."

Mr. Slezak continued, "After carefully evaluating opportunities to
strengthen Crumbs' financial position, we continue to believe that
pursuing a sale transaction through this process will ensure a
strong future for the Crumbs brand and business.  By evaluating
all offers for Crumbs through a Court-supervised auction process,
we can be sure we are achieving the best possible outcome for the
business and our stakeholders."

The First Day motions approved by the Court collectively will
enable Crumbs to maintain current operations as it pursues a sale
through the Chapter 11 process.  Among the approved motions, the
Court granted Crumbs access to debtor in-possession ("DIP")
financing from Lemonis Fischer Acquisition Company, LLC, a joint
venture created by Marcus Lemonis LLC and Fischer Enterprises,
L.L.C., to help ensure the Company is able to continue meeting its
financial obligations throughout the Chapter 11 case.  The Court
also approved motions giving Crumbs authority to, among other
things, pay employee wages and benefits as usual throughout the
Chapter 11 process. Additionally, Crumbs was granted approval to
close certain retail locations.

The Company also on July 18 outlined the sale transaction timeline
that it will formally present to the Court on July 24, 2014,
including proposed bid procedures and an expected date for an
auction and sale hearing that will determine the best offer to
acquire substantially all of Crumbs assets.  As part of the
Chapter 11 process, other potential buyers will have the
opportunity to submit bids to acquire Crumbs, with Crumbs set to
ask the Court to approve a bid deadline of August 19, 2014.  If
other qualified bids are received ahead of the deadline, those
will be evaluated by Crumbs, its advisors and the Court in a
Court-defined "auction" process.  This auction process is required
for sale transactions completed through a Chapter 11 case to
ensure the maximum value is achieved.

Crumbs previously announced July 11, 2014 that it had filed
voluntary Chapter 11 petitions in the United States Bankruptcy
Court for the District of New Jersey to facilitate a sale of the
business and to restructure its balance sheet.  The Company
reached an agreement for Lemonis Fischer Acquisition Company to
provide an initial stalking horse bid in the Court-supervised
auction process under Section 363 of the Bankruptcy Code.  The
Company hopes to complete the sale process in approximately 60
days, pending receipt of the necessary approvals from the
Bankruptcy Court.

Interested parties can access additional information about the
Company's chapter 11 filing and sale process at
http://cases.primeclerk.com/crumbs

                 About Crumbs Bake Shop, Inc.

Crumbs Bake Shop, Inc., and 22 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. D. N.J. Lead Case No.
14-24287) on July 11, 2014.  John D. Ireland signed the petitions
as chief financial officer.  Crumbs Bake Shop estimated assets of
$10 million to $50 million and the same range of liabilities.

Cole, Schotz, Meisel, Forman & Leonard, P.A., acts as the Debtors'
counsel.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  Judge Michael B. Kaplan oversees the jointly administered
cases.


CRYOPORT INC: Has Private Placement of $303,600 Securities
----------------------------------------------------------
Cryoport, Inc., on July 16, 2014, entered into definitive
agreements for a private placement of its securities to certain
institutional and accredited investors for aggregate gross
proceeds of $303,600 (approximately $264,132 after estimated cash
offering expenses) pursuant to certain Subscription Agreements and
Elections to Convert between the Company and the Investors.  The
Company intends to use the net proceeds for working capital
purposes.

Pursuant to the Subscription Agreements, the Company issued shares
of Class A Convertible Preferred Stock and warrants to purchase
common stock of the Company.  The shares and warrants were issued
as a unit consisting of (i) one share of Class A Convertible
Preferred Stock of the Company and (ii) one warrant to purchase
eight shares of Common Stock at an exercise price of $0.50 per
share, which will be immediately exercisable and may be exercised
at any time on or before March 31, 2019.  A total of 26,300 Units
were issued in exchange for gross proceeds of $303,600, or $12.00
per Unit.

In addition, the Company previously entered into Subscription
Agreements with other Investors on June 30, 2014, for aggregate
proceeds of $51,000 (approximately $44,370 after estimated cash
offering expenses) pursuant to certain Subscription Agreements,
which resulted in the issuance of 4,250 Units.

Emergent Financial Group, Inc., served as the Company's placement
agent in this transaction and received, a commission of 10% and a
non-accountable finance fee of 3% of the aggregate gross proceeds
received from those Investors, in addition to the reimbursement of
legal expenses of up to $40,000.  Emergent Financial Group, Inc.,
will also be issued a warrant to purchase three shares of Common
Stock at an exercise price of $0.50 per share for each Unit issued
in this transaction.  The Company and Emergent Financial Group,
Inc., have agreed that the offering of Units to new Investors will
be extended through Aug. 15, 2014.

Indemnification Agreements

The Company's officers and directors are indemnified as to
personal liability as provided by the Nevada Revised Statutes, the
Company's articles of incorporation and its bylaws but these are
not exclusive and contemplate that agreements be entered into
between the Company and its executive officers and directors with
respect to indemnification.

Effective on July 18, 2014, the Company entered into
indemnification agreements with its directors and executive
officers (a total of 6 persons).  The indemnity provided is in
addition to that provided by the NRS or any successor statutes,
provided that the Indemnitee (i) acted in good faith and in a
manner the indemnitee reasonably believed to be in or not opposed
to the best interests of the Company, (ii) is not liable pursuant
to NRS 78.138, and (iii) with respect to any criminal Proceeding
(as defined therein), had no reasonable cause to believe the
Indemnitee's conduct was unlawful.

                            About Cryoport

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

Cryoport reported a net loss of $19.56 million on $2.65 million of
revenues for the year ended March 31, 2014, as compared with a net
loss of $6.38 million on $1.10 million of revenues for the year
ended March 31, 2013.  The Company's balance sheet at March 31,
2014, showed $1.70 million in total assets, $4.01 million in total
liabilities and a $2.30 million total stockholders' deficit.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2014.  The independent
auditors noted that the Company has incurred recurring operating
losses and has had negative cash flows from operations since
inception.  Although the Company has cash and cash equivalents of
$369,581 at March 31, 2014, management has estimated that cash on
hand, which include proceeds from convertible bridge notes
received in the fourth quarter of fiscal 2014, will only be
sufficient to allow the Company to continue its operations into
the second quarter of fiscal 2015.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


DETROIT COMMUNITY: S&P Lowers Rating on 2005 Revenue Bonds to 'B-'
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on Detroit
Community Schools (DCS), Mich.'s series 2005 public school academy
revenue bonds one notch to 'B-' from 'B', and removed the rating
from CreditWatch, where it was placed with negative implications
on Feb. 25, 2014.  The outlook is negative.

"The lowering of the rating to 'B-' and negative outlook reflect
our view of DCS' deteriorating operational performance over the
past year," said Standard & Poor's credit analyst Avani K. Parikh.
"This includes a sizable anticipated fiscal 2014 deficit that will
require a significant fund balance draw and could lead to a
violation of the school's bond covenant, which could be deemed a
potential event of default.  Management attributes the weakened
performance to continued enrollment declines."

Standard & Poor's previously placed the rating on CreditWatch
negative, due to the increased credit risk posed by potential
charter nonrenewal in June 2014.  However, the school resolved
this issue on July 1, 2014, by signing a new five-year charter
contract with a new authorizer, Bay Mills Community College.

"We could lower the rating within the one-year outlook period if
DCS fails to improve operations from its projection of a sizable
fiscal 2014 deficit, enrollment declines further, liquidity is
sustained below 15 days' cash on hand, or the school violates its
bond covenant, with resulting bondholder action or potential
acceleration," Ms. Parikh added.  "If the school can successfully
navigate the enrollment declines, test scores show satisfactory
improvement, operations rebound to cover debt service by at least
1x, and the unrestricted fund balance remains at a minimum level
of compliance with bond covenants, we could consider revising the
outlook to stable over time."

DCS is a kindergarten-through-12th grade charter school serving
approximately 800 students in Southfield, Mich.


DIJAN INC: Closes 4 Arby's Outlets; Case Converted to Chapter 7
---------------------------------------------------------------
David Falchek, writing for Citizens Voice, reported that Dijan
Inc., which operates Arby's restaurants, closed its area locations
in Kingston, the Wyoming Valley Mall in Wilkes-Barre Township,
Scranton, and one in Schuylkill County.  According to the report,
Dijan agreed to convert its Chapter 11 bankruptcy to a Chapter 7
liquidation bankruptcy after failing to reach a settlement with
the IRS and other creditors.

Dijan Inc. filed for Chapter 11 in Wilkes-Barre, Pennsylvania
(Bankr. M.D. Pa. 10-06556) on August 11, 2010, listing assets of
$2.91 million and liabilities of $5.87 million.  Dijan Inc. is a
franchisee of 14 Arby's fast-food restaurants.  Judge John J.
Thomas presided over the case.  The Law Offices of Brian E.
Manning, Esq., served as the Debtor's counsel.  The petition was
signed by Wallace R. McDonald, president.  A list of the Company's
20 largest unsecured creditors filed together with the petition is
available for free at http://bankrupt.com/misc/pamb10-06556.pdf


DOGWOOD PROPERTIES: Has Approval to Use Orion Cash Collateral
-------------------------------------------------------------
Dogwood Properties, G.P. and Independent Bank have agreed to a
Final Order on the Debtor's Emergency Motion to Use Cash
Collateral of Orion Federal Credit Union.  In lieu of any
restrictions on the use of the cash collateral of Orion, the
Debtor will make adequate protection payments to the bank of
$19,079.98 per month beginning on or before June 10, 2014,
pending further orders of the Court, and in the event a Plan is
confirmed, this date shall be deemed to be the Effective Date of
the Plan insofar as the Plan treatment afforded to Orion.

                     About Dogwood Properties

Dogwood Properties, G.P., owns and operates 110 single-family
rental homes, all located in Shelby and DeSoto counties in
Tennessee.  The total value of its real estate holdings is
estimated to be $9,985,000.  Dogwood has nine secured lenders who
are owed a total of approximately $14,486,000.

Dogwood Properties filed a Chapter 11 petition (Bankr. W.D. Tenn.
Case No. 13-21712) on Feb. 16, 2013.  Judge Jennie D. Latta
presides over the case.  Russell W. Savory, Esq., at Gotten,
Wilson, Savory & Beard, PLLC, serves as the Debtor's counsel.


DOGWOOD PROPERTIES: Can Modify Plan to Provide for Legal Fees
-------------------------------------------------------------
U.S. Bankruptcy Judge Jennie D. Latta has approved an agreed order
modifying the Third Amended Plan of Reorganization of Dogwood
Propertiers, G.P., to provide for payment to Michael Murphy of
post-petition attorney fees in the amount of $2,500 upon
Confirmation of the Plan.

The Plan of Reorganization is modified to add the following
language to Paragraph 4.17 of the Third Amended Plan of
Reorganization with regard to the

Class 17 Claim of Michael Murphy: Upon Confirmation of the Plan,
Debtor shall pay creditor post-petition attorney fees in the
amount of $2,500.

                  Third Amended Chapter 11 Plan

The Debtor filed with the U.S. Bankruptcy Court for the Western
District of Tennessee on Sept. 20, 2013, a Third Amended Plan of
Reorganization.  The Plan will be carried out and funded by future
rental income generated by the Debtor.

Under the Plan:

   * Unsecured priority claims (Class 2) will be paid in full
     within 60 months following the Petition Date of Feb. 16,
     2013.

   * Holders of general unsecured claims (Class 23) will recover
     100% in 360 equal monthly installments beginning on or
     before 90 days after the Effective Date of the Plan without
     interest.

   * The existing equity interest in the Debtor (Class 24) will
     be retained.

A copy of the Third Amended Chapter 11 Plan is available at:

      http://bankrupt.com/misc/dogwoodproperties.doc235.pdf

                     About Dogwood Properties

Dogwood Properties, G.P., owns and operates 110 single-family
rental homes, all located in Shelby and DeSoto counties in
Tennessee.  The total value of its real estate holdings is
estimated to be $9,985,000.  Dogwood has nine secured lenders who
are owed a total of approximately $14,486,000.

Dogwood Properties filed a Chapter 11 petition (Bankr. W.D. Tenn.
Case No. 13-21712) on Feb. 16, 2013.  Judge Jennie D. Latta
presides over the case.  Russell W. Savory, Esq., at Gotten,
Wilson, Savory & Beard, PLLC, serves as the Debtor's counsel.


DOGWOOD PROPERTIES: Has Deal on Treatment of Orion Secured Claims
-----------------------------------------------------------------
Dogwood Properties, G.P., and Orion Federal Credit Union have
reached an agreement to resolve their differences with regard to
the objection to confirmation of Plan.  The parties have reached
agreement as to modified treatment of the secured claim of Orion.

Orion timely filed a proof of claim as a secured claim in the
amount of $4,249,016.87 (Claim No. 49-1) secured by real estate
located in Desoto County, Mississippi and Shelby County,
Tennessee.

The Debtor filed its Third Amended Plan of Reorganization on
September 20, 2013 listing Orion as a Class 18 Creditor.

Orion timely filed an objection to confirmation of the Plan on
November 22, 2013, objecting to its proposed treatment under the
Third Amended Plan asserting that it was entitled to treatment as
a fully secured creditor under the Plan.

Paragraph 4.18 of the Third Amended Plan of Reorganization is
modified to provide the following with regard to the treatment of
the secured claim of Orion:

    ?The Class 18 Claim of Orion shall be allowed as fully secured
     in the amount of $4,249,016.87 (the "Orion Allowed Secured
     Claim") and the Orion Allowed Secured Claim shall be paid by
     amortizing $4,249,016.87 over 360 months with interest at the
     rate of 3.5% per annum, with monthly payments of principal
     and interest of $19,079.98 due on the tenth (10th) day of
     each month commencing on the Effective Date of the Plan and
     continuing thereafter until June 15, 2019, at which time the
     entire balance of the Orion Allowed Secured Claim shall be
     due and payable in full. Debtor shall continue to make
     required escrow payments to Orion in order to timely make
     applicable real estate tax payments to the taxing
     jurisdictions of Shelby County, Tennessee, and Desoto County,
     Mississippi. All other terms of the loan documents executed
     by Debtor, including but not limited to the Deeds of Trust as
     consolidated, modified and amended of record in the
     Register's Office of Shelby County, Tennessee, and the Office
     of the Chancery Clerk of Desoto County, Mississippi, and
     related assignment of rents, and personal guaranties (the
     "Loan Documents") shall remain in full force and effect
     except as expressly modified in this Order. Orion as a Class
     18 Creditor shall retain its lien to the extent of the Orion
     Allowed Secured Claim as set forth in the Loan Documents.?

                     About Dogwood Properties

Dogwood Properties, G.P., owns and operates 110 single-family
rental homes, all located in Shelby and DeSoto counties in
Tennessee.  The total value of its real estate holdings is
estimated to be $9,985,000.  Dogwood has nine secured lenders who
are owed a total of approximately $14,486,000.

Dogwood Properties filed a Chapter 11 petition (Bankr. W.D. Tenn.
Case No. 13-21712) on Feb. 16, 2013.  Judge Jennie D. Latta
presides over the case.  Russell W. Savory, Esq., at Gotten,
Wilson, Savory & Beard, PLLC, serves as the Debtor's counsel.


DVORKIN HOLDINGS: Gets Approval of Agreement With MB Financial
--------------------------------------------------------------
Dvorkin Holdings LLC's bankruptcy trustee received court approval
of his agreement with MB Financial Bank, N.A. to dispose a real
property located at 801-849 E. Roosevelt Road, in Lombard,
Illinois.

Under the agreement, Gus Paloian, the bankruptcy trustee, will
have the sole discretion to select a broker to market and sell the
property, subject to an agreement with the bank and the broker
regarding minimum sale price and term of the property listing.

It will also be subject to an agreement regarding the maximum
amount the bank will be permitted to credit bid for the property.,
and an agreement to reduce the broker's commission solely in the
event of an MB credit bid to 1% of the credit bid price, and
reimbursement of the broker's expenses.

Under the deal, MB Financial agreed to permit payment of certain
costs at closing from the sale proceeds from the property.  In the
event the bank concludes a credit bid purchase of the property, it
will pay any and all debts constituting priming or higher priority
liens than those of the bank against the property; customary costs
for goods and services associated with sale of the property; and
security deposits related to the assignment of tenant leases, if
any, for the property.

                    About Dvorkin Holdings, LLC

Dvorkin Holdings, LLC, a holding company that has interests in
40 non-debtor entities, filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 12-31336) in Chicago on Aug. 7, 2012.  The Debtor
disclosed $69,894,843 in assets and $9,296,750 in liabilities as
of the Chapter 11 filing.  Bankruptcy Judge Jack B. Schmetterer
oversees the case.  Michael J. Davis, Esq., at Archer Bay, P.A.,
in Lisle, Ill., serves as counsel to the Debtor.  The petition was
signed by Loran Eatman, vice president of DH-EK Management Corp.

The Bankruptcy Court in October 2012 granted the request of
Patrick S. Layng, the U.S. Trustee for the Northern District of
Illinois, to appoint Gus Paloian as the Chapter 11 Trustee.
Seyfarth Shaw, LLP, represents the Chapter 11 Trustee as counsel.
Carpenter Lipps & Leland LLP represents the Chapter 11 Trustee as
conflicts counsel.


EDISON MISSION: EME Trust Board Approves Cash Distribution
----------------------------------------------------------
EME Reorganization Trust on July 15 disclosed that its board of
managing trustees has approved a cash distribution of $0.02394 per
beneficial interest.  The distribution will be paid on July 31,
2014 to all record holders of beneficial interests as of the close
of business on July 21, 2014.  Immediately prior to the
distribution, there will be 3,853,697,304 issued and outstanding
beneficial interests of the Trust.

Record Date:  July 21, 2014
Payment Date:  July 31, 2014
Distribution Amount:  $0.02394 per beneficial interest

The distribution is the result of the successful resolution by the
EME Reorganization Trust of certain previously disputed claims and
the true up process related to the final purchase price in the NRG
sale transaction.  These actions resulted in a release of excess
amounts that had been set aside in certain reserve accounts in the
aggregate gross amount of approximately $98.3 million.

EME Reorganization Trust was formed in connection with the
confirmation and consummation of the Third Amended Joint
Chapter 11 Plan of Reorganization (with Technical Modifications)
for Edison Mission Energy and certain of its subsidiaries (the
Plan). The Plan became effective on April 1, 2014.  The primary
purpose of the EME Reorganization Trust is to resolve claims,
liquidate remaining assets and make distributions as appropriate
to holders of its beneficial interests.

                       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 Joint Plan of Reorganization was confirmed on March 11,
2014.  The Plan provides for: (a) the sale to NRG Energy, Inc. and
NRG Energy Holdings, Inc. of substantially all of EME's assets for
approximately $2.635 billion, subject to certain adjustments
provided in the Acquisition Agreement, and assumption of so-called
PoJo Leases, as modified; (b) a settlement with Edison
International -- EIX -- and certain EME noteholders pursuant
to which EME will emerge from bankruptcy free of liabilities but
will remain an indirect wholly-owned subsidiary of EIX; and (c)
the transfer of substantially all remaining assets and liabilities
of EME that are not otherwise discharged in the bankruptcy or
transferred to NRG to the Reorganization Trust.  Once consummated,
the Plan will result in recoveries of over 80% for holders of
unsecured claims against EME and payment in full in cash of claims
against EME's subsidiaries.  The Plan was declared effective on
April 1, 2014.


EL TOVAR: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: El Tovar Incorporated
        2306 Klemm Street
        Saint Louis, MO 63110

Case No.: 14-45638

Chapter 11 Petition Date: July 17, 2014

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Charles E. Rendlen III

Debtor's Counsel: John Talbot Sant, Jr., Esq.
                  AFFINITY LAW GROUP
                  1610 Des Peres Road, Suite 100
                  St. Louis, MO 63131
                  Tel: (314) 872-3333
                  Email: tsant@affinitylawgrp.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steven D. Parrish, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/moeb14-45638.pdf


ELEPHANT TALK: Converts Note Into 4.2 Million Common Shares
-----------------------------------------------------------
Elephant Talk Communications Corp., on Aug. 17, 2013, issued a
convertible note to Bernard Moncarey (an affiliate of the
Company), due July 2, 2014, pursuant to which the Company borrowed
a principal amount of EUR2,000,000 ($2,652,600) at an interest
rate of 10% per annum.  The Convertible Note permits conversion,
in whole or in part, at the option of Moncarey, into a number of
shares of common stock, par value $0.00001 of the Company equal to
the quotient of the Outstanding Balance.  In conjunction with the
issuance of the Convertible Note, on Aug. 17, 2013, the Company
issued a warrant to Moncarey to purchase 1,000,000 shares of
restricted Common Stock.  The Moncarey Warrant became exercisable
at any time on or after Feb. 17, 2014, at a price of $0.887 per
share.  The term of the Moncarey Warrant expires on Aug. 17, 2018.

On July 15, 2014, the Company entered into a Note Conversion
Letter Agreement and a Warrant Amendment Letter Agreement with
Moncarey to, among other things:

   * immediately convert the Convertible Note into a number of
     shares of Common Stock equal to the quotient of the
     Outstanding Balance by a reduced Conversion Price of $0.70
     per share or 4,238,501 shares of the Company's Common Stock;

   * amend the Moncarey Warrant to reduce the Exercise Price to
     $0.70 per share for the remainder of the term; and

   * issue a warrant to Moncarey to purchase 500,000 shares of
     restricted Common Stock.

The July Warrant is exercisable any time after Jan. 15, 2015, at
an exercise price of $0.9228 per share (the closing price of the
Company's Common Stock immediately preceding the date the July
Warrant was issued).  The term of the July Warrant expires on
July 15, 2019.

The Audit and Finance Committee of the Company's Board of
Directors authorized the Transaction in order to immediately
satisfy the Company's obligations under the Convertible Note.  The
Transaction was subsequently ratified by the Company's Board of
Directors.

                       About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $22.13 million in 2013, a net
loss of $23.13 million in 2012 and a net loss of $25.31 million in
2011.  As of Dec. 31, 2013, the Company had $43.31 million in
total assets, $19.58 million in total liabilities and $23.73
million in total stockholders' equity.

"If the Company is unable to achieve the anticipated revenues or
financing arrangement with its major vendors, the Company will
need to attract further debt or equity financing.  Although the
Company has been succesful in the past in meeting its cash needs,
there can be no assurance that proceeds from additional revenues,
vendor financings or debt and equity financings, where required,
will be received in the required time frames.  If this occurs, the
Company may, therefore, be unable to continue its operations.  As
of December 31, 2013, these conditions raise substantial doubt
about the Company's ability to continue as a going concern.  The
financial statements do not include any adjustments that might
result from the outcome of this uncertainty," the Company said in
the Annual Report for the year ended Dec. 31, 2013.


ENERGY FUTURE: NextEra Floats Bankruptcy Merger for Oncor Division
------------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
NextEra Energy Inc. is pitching the board of an Energy Future
Holdings Corp. division on a takeover plan that it claims would
mean higher recoveries for creditors of the Dallas power company,
which is tackling some $42 billion in debt in Chapter 11
bankruptcy.  According to the report, unveiled in court documents,
the proposal from the Florida energy company was emailed to the
board of Energy Future Intermediate Holding Co.  A spokesman for
Energy Future wasn't immediately able to provide the company's
response, the news agency said.

             About Energy Future Holdings fka TXU Corp.

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

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

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Lawyer Says Co. Will 'Vigorously Pursue' Deals
-------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Counsel, Energy Future
Holdings Corp. is entertaining takeover overtures from NextEra
Energy Inc. and others that have expressed an interest in a new
deal for the troubled Texas power company, Edward Sassower, a
lawyer for the company, said.  According to the report, speaking
at a bankruptcy court hearing, Mr. Sassower said the company
considers NextEra's proposal "very promising," and it gives Energy
Future reason to pause and "take stock of the situation" before
forging ahead with its restructuring strategy.

           About Energy Future Holdings fka TXU Corp.

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

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

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


EPAZZ INC: Incurs $3.4 Million Net Loss in 2013
-----------------------------------------------
Epazz, inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$3.37 million on $750,139 of revenue for the year ended Dec. 31,
2013, as compared with a net loss of $1.90 million on $1.19
million of revenue for the year ended Dec. 31, 2012.

The Company's balance sheet at Dec. 31, 2013, showed $1.08 million
in total assets, $2.60 million in total liabilities and a $1.52
million total stockholders' deficit.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has an accumulated deficit of $(7,501,994) and a
working capital deficit of $(1,283,338), which raises substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

The Company said in the Report that it will need to raise
additional funds to continue to operate as a going concern.

"We cannot be certain that any such financing will be available on
acceptable terms, or at all, and our failure to raise capital when
needed could limit our ability to continue and expand our
business.  We intend to overcome the circumstances that impact our
ability to remain a going concern through a combination of the
commencement of additional revenues, of which there can be no
assurance, with interim cash flow deficiencies being addressed
through additional equity and debt financing.  Our ability to
obtain additional funding for the remainder of the 2014 year and
thereafter will determine our ability to continue as a going
concern.  There can be no assurances that these plans for
additional financing will be successful.  Failure to secure
additional financing in a timely manner to repay our obligations
and supply us sufficient funds to continue our business operations
and on favorable terms if and when needed in the future could have
a material adverse effect on our financial performance, results of
operations and stock price and require us to implement cost
reduction initiatives and curtail operations.  Furthermore,
additional equity financing may be dilutive to the holders of our
common stock, and debt financing, if available, may involve
restrictive covenants, and strategic relationships, if necessary
to raise additional funds, and may require that we relinquish
valuable rights.  In the event that we are unable to repay our
current and long-term obligations as they come due, we could be
forced to curtail or abandon our business operations, and/or file
for bankruptcy protection; the result of which would likely be
that our securities would decline in value and/or become
worthless."

A full-text copy of the Form 10-K is available for free at:

                         http://is.gd/HpRC5k

                           About EPAZZ Inc.

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


ESPIRITO SANTO: Files for Creditor Protection
---------------------------------------------
Patricia Kowsmann, writing for The Wall Street Journal, reported
that Portuguese conglomerate Espirito Santo International SA filed
for creditor protection in a Luxembourg court, saying it is unable
to meet its debt obligations.  According to the Journal, the
filing comes as prosecutors in Portugal disclosed on July 18 that
they are investigating issues related to Espirito Santo and its
entities, as the central bank moved to calm fears about one of the
company's partly owned units, lender Banco Espirito Santo SA,
Portugal's second-largest lender by assets.

Espirito Santo International S.A., through its subsidiaries,
provides services which include corporate and retail banking,
insurance, investment banking, brokerage, asset management, and
also operates in the agriculture, hotel, and real estate
industry.  The company was formerly known as Espirito Santo
International Holding S.A. and changed its name to Espirito Santo
International S.A. in August 2003.  The company was incorporated
in 1975 and is based in Luxembourg.


ESSAR STEEL: Files Chapter 15 to Support Canadian Plan
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that Essar Steel Algoma Inc., Canada's second-largest
integrated steel producer, initiated a reorganization under
Canada's Companies' Creditors Arrangement Act followed yesterday
by a Chapter 15 petition in U.S. Bankruptcy Court in Delaware.

According to Tom Corrigan, writing for Daily Bankruptcy Review, a
U.S. bankruptcy judge in Wilmington, Del., approved Chapter 15
protection for Essar Steel, to help the company complete a
reorganization deal with its unsecured bondholders.  Algoma, which
lists $1.2 billion in total liabilities, filed for Chapter 15
protection as part of a larger restructuring process launched in
Canada, the DBR report said.

Mr. Rochelle related that an agreement with an ad hoc committee of
holders of 70 percent of the unsecured notes calls for them to
receive 32.5 percent of the claim in cash when the Canadian plan
is implemented.  In addition, the holders will be given new
secured notes for 55 percent of the old debt, Mr. Rochelle said.


EVENT RENTALS: Plan Terms OK'd, Confirmation Hearing on Aug. 27
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, on
July 17, 2014, approved the disclosure statement explaining the
Chapter 11 plan for After-Party2, Inc., f/k/a Event Rentals, Inc.,
and its debtor affiliates, jointly proposed by the Official
Committee of Unsecured Creditors.  The Court approved the
disclosure statement after determining that it contains adequate
information as defined under Section 1125(a)(1) of the Bankruptcy
Code.

The Court also scheduled a hearing to consider confirmation of the
Plan and any objections that may be interposed to commence on
Aug. 27, 2014, at 11:00 a.m. (prevailing Eastern time).  The
confirmation hearing may be adjourned from time to time without
further notice other than announcement made at the confirmation
hearing or any adjourned hearing.  Objections to the confirmation
of the Plan must be received on or before Aug. 19.  The deadline
for voting on the Plan will be Aug. 20, at 4:00 p.m. (prevailing
Eastern time).

Under the first amended disclosure statement, filed July 16, the
class of unsecured claims is impaired under the Plan, and holders
of those claims will receive their pro rata share of the available
proceeds, which is defined in the Secured Facilities Settlement
Agreement (i.e., $606,250 plus 75% of the Post-Sale Professional
Fee Savings, if any), less any (i) Administrative Claim other than
a Fee Claim, (ii) Priority Claim, or (iii) Non-Lender Secured
Claims, in each case that is not a Buyer Pay Claim and cannot be
satisfied from the Debtors' other assets, provided, however, that
none of the Unencumbered Settlement Cash will be used to pay any
Disputed Sales Tax Claims or Unasserted Tax Audit Claims.  Holders
of general unsecured claims are poised to recover 2% of their
allowed claims.

Liquidity Claims and Opt-Out Unsecured Claims are estimated to
total $40,091,000.  Holders of these claims are poised to recover
.015% of the allowed claim.

A blacklined version of the Disclosure Statement is available at
http://bankrupt.com/misc/EVENTRENTALSds0714.pdf

                       About Event Rentals

Event Rentals Inc., the largest event-rental provider in the U.S.,
filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Case
No. 14-bk-10282) on Feb. 13, 2014.

Event Rentals, which sought bankruptcy protection with affiliates,
including Classic Midwest, Inc., has 39 locations across 22
markets.  The company has the largest offering of event equipment,
value-added event services, and temporary structure assets, and
provide services for over 145,000 events for approximately 55,000
customers annually.  The company taps 2,500 employees throughout
the year and has total annual revenues of $235 million.

Assets were listed for $148 million, with debt of $246 million.
The Debtors owe $175 million in outstanding principal under a
senior secured credit agreement; $36 million in outstanding
principal under certain unsecured and subordinated liquidity
notes; $5.5 million in outstanding principal under certain
unsecured and subordinated seller financing relating to business
acquisitions; and trade debt, as of Dec. 26, 2013, totaling $16.6
million.

The Debtors have tapped Jeffrey M. Schlerf, Esq., and John H.
Strock, Esq., at Fox Rothschild LLP as local counsel; John K.
Cunningham, Esq., and Craig H. Averch, Esq., at White & Case LLP
as bankruptcy counsel; Jefferies LLC as financial advisor; and
Kurtzman Carson Consultants LLC as claims and noticing agent.

The Debtors sought bankruptcy protection as they seek a new owner
to take over the business.

Existing lenders led by Ableco Finance LLC, as administrative
agent, have agreed to finance the bankruptcy with a DIP financing
facility of up to $20 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
creditors to serve on the Official Committee of Unsecured
Creditors for the Debtors' Chapter 11 cases.

The Debtors disclosed that funds managed by Apollo Global
Management, LLC submitted the winning offer to acquire
substantially all of the Debtors' business at the April 21, 2014
auction.  Apollo acquired the business for $125.2 million in cash.


EVENT RENTALS: Exclusive Solicitation Date Extended to Dec. 13
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended
After-Party2, Inc., f/k/a Event Rentals, Inc., and its debtor
affiliates' exclusive plan filing period until Oct. 13, 2014, and
their exclusive plan solicitation period until Dec. 13.

                       About Event Rentals

Event Rentals Inc., the largest event-rental provider in the U.S.,
filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Case
No. 14-bk-10282) on Feb. 13, 2014.

Event Rentals, which sought bankruptcy protection with affiliates,
including Classic Midwest, Inc., has 39 locations across 22
markets.  The company has the largest offering of event equipment,
value-added event services, and temporary structure assets, and
provide services for over 145,000 events for approximately 55,000
customers annually.  The company taps 2,500 employees throughout
the year and has total annual revenues of $235 million.

Assets were listed for $148 million, with debt of $246 million.
The Debtors owe $175 million in outstanding principal under a
senior secured credit agreement; $36 million in outstanding
principal under certain unsecured and subordinated liquidity
notes; $5.5 million in outstanding principal under certain
unsecured and subordinated seller financing relating to business
acquisitions; and trade debt, as of Dec. 26, 2013, totaling $16.6
million.

The Debtors have tapped Jeffrey M. Schlerf, Esq., and John H.
Strock, Esq., at Fox Rothschild LLP as local counsel; John K.
Cunningham, Esq., and Craig H. Averch, Esq., at White & Case LLP
as bankruptcy counsel; Jefferies LLC as financial advisor; and
Kurtzman Carson Consultants LLC as claims and noticing agent.

The Debtors sought bankruptcy protection as they seek a new owner
to take over the business.

Existing lenders led by Ableco Finance LLC, as administrative
agent, have agreed to finance the bankruptcy with a DIP financing
facility of up to $20 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
creditors to serve on the Official Committee of Unsecured
Creditors for the Debtors' Chapter 11 cases.

The Debtors disclosed that funds managed by Apollo Global
Management, LLC submitted the winning offer to acquire
substantially all of the Debtors' business at the April 21, 2014
auction.  Apollo acquired the business for $125.2 million in cash.


EVENT RENTALS: Revised FTI Consulting Employment Order Entered
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware issued a
revised order authorizing After-Party2, Inc., f/k/a Event Rentals,
Inc., and its debtor affiliates to employ FTI Consulting, Inc.,
and designate Andrew Hinkelman as chief restructuring officer.

The Debtors are authorized to pay FTI (i) a monthly fee for
services related to the financial objectives in an amount equal to
$185,000, and (ii) a monthly fee for services related to the
strategic communications objectives in an amount equal to $15,000.

                       About Event Rentals

Event Rentals Inc., the largest event-rental provider in the U.S.,
filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Case
No. 14-bk-10282) on Feb. 13, 2014.

Event Rentals, which sought bankruptcy protection with affiliates,
including Classic Midwest, Inc., has 39 locations across 22
markets.  The company has the largest offering of event equipment,
value-added event services, and temporary structure assets, and
provide services for over 145,000 events for approximately 55,000
customers annually.  The company taps 2,500 employees throughout
the year and has total annual revenues of $235 million.

Assets were listed for $148 million, with debt of $246 million.
The Debtors owe $175 million in outstanding principal under a
senior secured credit agreement; $36 million in outstanding
principal under certain unsecured and subordinated liquidity
notes; $5.5 million in outstanding principal under certain
unsecured and subordinated seller financing relating to business
acquisitions; and trade debt, as of Dec. 26, 2013, totaling $16.6
million.

The Debtors have tapped Jeffrey M. Schlerf, Esq., and John H.
Strock, Esq., at Fox Rothschild LLP as local counsel; John K.
Cunningham, Esq., and Craig H. Averch, Esq., at White & Case LLP
as bankruptcy counsel; Jefferies LLC as financial advisor; and
Kurtzman Carson Consultants LLC as claims and noticing agent.

The Debtors sought bankruptcy protection as they seek a new owner
to take over the business.

Existing lenders led by Ableco Finance LLC, as administrative
agent, have agreed to finance the bankruptcy with a DIP financing
facility of up to $20 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
creditors to serve on the Official Committee of Unsecured
Creditors for the Debtors' Chapter 11 cases.

The Debtors disclosed that funds managed by Apollo Global
Management, LLC submitted the winning offer to acquire
substantially all of the Debtors' business at the April 21, 2014
auction.  Apollo acquired the business for $125.2 million in cash.


FAMILY INTERVENTION: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Family Intervention Specialists, Inc.
        127 Enterprise Path Suite 401
        Hiram, GA 30141

Case No.: 14-41744

Nature of Business: Health Care

Chapter 11 Petition Date: July 17, 2014

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

Debtor's Counsel: Jeffrey D. Bunch, Esq.
                  HARRIS & BUNCH, LLC
                  16 Atlanta Street
                  Marietta, GA 30060-1904
                  Tel: (678) 483-8660
                  Fax: (770) 499-7989
                  Email: jbunch@harrisandbunch.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by David F. Anthony, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb14-41744.pdf


FIRST DATA: PIK Notes Repayments No Impact on Fitch Ratings
-----------------------------------------------------------
In Fitch Ratings' view, its Issuer Default Rating (IDR) of 'B' on
First Data Corp. (FDC) is unaffected by the company's announcement
that it has re-priced $5.7 billion in term loans and issued
additional term loans to fund a partial redemption of its Holdco
PIK notes (along with proceeds from the $3.5 billion equity
private placement). The Holdco PIK principal is expected to be
reduced from $1.5 billion to $216 million.

The transaction is favorable to the credit profile; however, the
current ratings reflect the company's elevated leverage, which
remains high following this transaction. A full list of ratings
follows at the end of this release.

Together with the previously announced $2.2 billion in debt
reduction plans, gross unadjusted leverage is expected to decrease
to approximately 8.6x from 9.8x as of March 2014 (including the
remaining Holdco PIK notes). The transaction is expected to save
FDC more than $400 million in annual interest expense (including
the savings resulting from the re-pricing of $5.7 billion in term
loans). Fitch estimates cash interest savings of approximately
$230 million.

Key Rating Drivers

From an operational perspective, Fitch believes core credit
strengths include:

-- Stable end-market demand with below-average susceptibility to
   economic cyclicality;

-- A highly diversified, global and stable customer base
   consisting principally of millions of merchants and large
   financial institutions;

-- A significant advantage in scale of operations and
   technological leadership which has a positive on impact the
   company's ability to maintain its leading market share and act
   as barriers to entry to potential future competitors. In
   addition, FDC's Financial Services (FS) business benefits from
   long-term customer contracts and generally high switching
   costs;

-- Low working capital requirements typically enable a high
   conversion of EBITDA less cash interest expense into cash from
   operations.

Fitch believes credit concerns include:

-- Mix shift in the Merchants Solution (MS) segment, including a
   shift in consumer spending patterns favoring large discount
   retailers, which has negatively affected profitability and
   revenue growth and could lead to greater than anticipated
   volatility in results;

-- High fixed-cost structure with significant operating leverage
   that drives profit volatility during business and economic
   cycles;

-- Consolidation in the financial services industry and changes in
   regulations could continue to negatively impact results in the
   company's FS segment;

-- Potential for new competitive threats to emerge over the long
   term including new payment technology in the MS segment,
   potential for a competitor to consolidate market share in the
   MS segment, and potential for historically niche competitors in
   the FS segment to move upstream and challenge FDC's relative
   dominance in card processing for large financial institutions;

-- A highly levered balance sheet that results in limited
   financial flexibility and reduces the company's ability to act
   strategically in a business that has historically benefited
   from consolidation opportunities.

Liquidity as of March 31, 2014 was solid with cash of $408.5
million, $173.1 million of which was available to the company in
the U.S. FDC has a $1 billion senior secured revolving credit
facility which expires September 2016 and had $624.4 million of
available borrowing capacity.

Total debt as of March 31, 2014 was $24.7 billion, which includes
approximately $326 million of borrowing under the revolving credit
facility, $15.6 billion in secured debt, $4.6 billion in unsecured
debt, $2.5 billion in subordinated debt, and $1.5 billion in
Holdco PIK notes. Pro forma for the delevering transactions, debt
is approximately $21.6 billion.

The Recovery Ratings (RRs) for FDC reflect Fitch's recovery
expectations under a distressed scenario, as well as Fitch's
expectation that the enterprise value of FDC, and hence recovery
rates for its creditors, will be maximized in a restructuring
scenario (as a going concern) rather than a liquidation scenario.
In deriving a distressed enterprise value, Fitch applies a 15%
discount to FDC's estimated operating EBITDA (adjusted for equity
earnings in affiliates) of approximately $2.1 billion for the LTM
ended March 31, 2014. Fitch then applies a 6x distressed EBITDA
multiple, which considers FDC's prior public trading multiple and
that a stress event would likely lead to multiple contraction. As
is standard with Fitch's recovery analysis, the revolver is fully
drawn and cash balances fully depleted to reflect a stress event.

The 'RR2' for FDC's secured bank facility and senior secured notes
reflects Fitch's belief that 71%-90% recovery is realistic. The
'RR6' for FDC's second lien, senior and subordinated notes
reflects Fitch's belief that 0%-10% recovery is realistic. The
'CCC/RR6' rating for the subordinated notes reflects minimal
recovery prospects in a distressed scenario.

Rating Sensitivities

Future developments that may, individually or collectively, lead
to positive rating action include:

-- Greater visibility and confidence in the potential for the
   company to access the public equity markets.

Future developments that may, individually or collectively, lead
to negative rating action include:

-- If FDC were to experience sustained market share declines or if
   typical price compression accelerates;

-- If the U.S. economy were to experience a sustained recession.

Fitch rates FDC as follows:

-- Long-term IDR 'B';
-- Senior secured revolving credit facility and term loans
   'BB-/RR2';
-- Senior secured notes 'BB-/RR2';
-- Junior secured notes 'CCC+/RR6';
-- Senior unsecured notes 'CCC+/RR6';
-- Senior subordinated notes 'CCC/RR6'.


FIRST DATA: S&P Raises 1st Lien Debt Rating to 'BB-'
----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Atlanta-based First Data Corp.  The
outlook is stable.

At the same time, S&P raised the first-lien issue rating to 'BB-'
from 'B+' and removed it from CreditWatch, where S&P had placed it
with positive implications on June 20, 2014.  S&P revised the
recovery rating to '1' from '2'.  The '1' recovery rating reflects
S&P's expectation for very high (90% to 100%) recovery prospects
in the event of a payment default.

S&P also assigned its 'BB-' issue rating and '1' recovery rating
to the company's new term loans due 2018, the proceeds of which
will refinance its existing term loans due 2018.  The new term
loans also contain an incremental borrowing of about $350 million,
the proceeds of which the company plans to use to repay a portion
of its PIK holding company notes due 2019.

"The raising of the rating on First Data's first-lien issue
reflects the company's planned application of private placement
equity proceeds, which it received on July 11, 2014, for debt
reduction, including the repayment of a portion of its first-lien
notes due 2020, which reduces the portion of priority debt in the
capital structure," said Standard & Poor's credit analyst
John Moore.

S&P views the business risk profile as "satisfactory" because of
the company's presence as one of the market leaders of payment
processing services for merchants and financial institutions.  The
company's challenges to achieve growth within mature and highly
competitive payments markets partially offset its leading market
presence.  Over the coming year, S&P expects First Data to offset
highly competitive industry conditions, weak European macro
conditions, and pricing pressure through merchant transaction
processing volume growth, such that its segment revenues, which
amounted to $6.7 billion for 2013, continue to experience flat- to
low-single-digit growth.  S&P also believes merchant processing
transaction growth will support its expectation for reported
segment EBITDA margins to continue to represent about 41% of
revenues over the coming year.  S&P views the industry risk as
"intermediate" and the country risk as "very low."

The stable outlook reflects First Data's large scale, modestly
growing revenues, and steady profitability in global payment
processing markets.

S&P could lower the rating if operating weakness were to result in
declines in EBITDA of about 15% during the coming year, such that
leverage returned to the 9x area.

Very high debt leverage and the company's limited capacity to
reduce debt from free cash flow constrain the possibility of an
upgrade over the coming year.


FREEDOM INDUSTRIES: Gets Approval for Asset Disposal
----------------------------------------------------
Freedom Industries, Inc. has requested that the Bankruptcy Court
for the Southern District of West Virginia allow it to use estate
property outside the ordinary course of business for demolition in
furtherance of West Virginia Dept. of Environmental Protection's
Consent Order No. 8034.  The Consent Order requires that the
Debtor dismantle and remove all above ground storage tanks and
associated machinery and fixtures at its Etonah River Terminal
facility.  After receiving and evaluating bids from numerous
contractors, The Debtor has determined that acceptance of the bid
from Independence Excavating, Inc. would be in the best interest
of the estate.  Under the proposed agreement with Independence,
the demolition would require no payments by the Debtor, and would
fully comply with the mandates of the Consent Order.  The
demolition should be fully completed by the end of June 2014.

Section 363(b)(1) of the Bankruptcy Code provides that "the
trustee, after notice and a hearing, may use, sell, or lease,
other than in the ordinary course of business, property of the
estate."  Courts have held that such use of the estate property
should be permitted so long as the Debtor shows "some articulated
business justification" for such use.  In re Continental Airlines,
Inc., 780 F.2d 1223, 1226 (5th Cir. 1986).  In addition to
complying with the Consent Order, the demolition agreement
requires that Independence pay the estate $25,000 for the removed
equipment.

Hon. Ronald G. Pearson approved the Debtor's request for the
demolition by Independence on June 6, 2014.

The Debtor is represented by Stephen L. Thompson, Esq. and J.
Nicholas Berth, Esq. at Barth & Thompson of Charleston, WV and
Mark E. Freedlander, Esq. and Scott E. Schuster, Esq. at
McGuireWoods LLP of Pittsburgh, PA.

                      About Freedom Industries

Freedom Industries Inc., is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

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
petition was signed by Gary Southern, president.

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.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, the Bankruptcy Court approved the hiring of Mark
Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.


FREEDOM INDUSTRIES: Proposes $2.9-Mil. Deal in Contamination Case
-----------------------------------------------------------------
Kris Maher, writing for The Wall Street Journal, reported that
Freedom Industries Inc., the company behind a January chemical
spill that contaminated a major West Virginia water supply for
more than a week, has reached a tentative $2.9 million settlement
with attorneys representing local residents and businesses,
according to court papers filed on July 18.

If the agreement is approved in court, the money could be spent on
health studies, water testing or other projects to benefit the
group of individuals as well as businesses that were forced to
close in the wake of the spill, the Journal said citing a filing
in U.S. District Court in Charleston, W.Va.  The settlement
wouldn't include any direct payments to individuals but would
rather be used to benefit a proposed class of all 300,000 people
whose water supply was disrupted, the report said.

                      About Freedom Industries

Freedom Industries Inc., is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

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
petition was signed by Gary Southern, president.

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.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, the Bankruptcy Court approved the hiring of Mark
Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.


FREESEAS INC: Receives Notice of Listing Deficiencies from NASDAQ
-----------------------------------------------------------------
FreeSeas Inc. said it received from The NASDAQ Stock Market LLC:
(i) a letter, dated July 15, 2014, stating that, for the previous
30 consecutive business days, the bid price of the Company's
common stock closed below the minimum $1.00 per share; and (ii) a
letter dated July 16, 2014, stating that for the period ended
March 31, 2014, the Company's reported stockholders' equity is
below $2.5 million.  Both are requirements for continued listing
on The NASDAQ Capital Market pursuant to NASDAQ Marketplace Rules
5550(a)(2) (the "Minimum Bid Price Rule") and 5550(b)(1) (the
"Equity Standard Rule").  The NASDAQ letters have no immediate
effect on the listing of the Company's common stock, which will
continue to trade on The NASDAQ Capital Market under the symbol
"FREE".

In accordance with NASDAQ Marketplace Rule 5810(c)(3)(A), the
Company has a grace period of 180 calendar days, which expires on
Jan. 12, 2015, to regain compliance with the "Minimum Bid Price
Rule", by maintaining a closing bid price of at least $1.00 per
share for a minimum of ten consecutive business days during the
Compliance Period.  If the Company does not regain compliance by
Jan. 12, 2015, NASDAQ will provide written notification to the
Company that its common stock may be delisted.  The Company may,
however, be eligible for an additional grace period of 180
calendar days if it satisfies the continued listing requirement
for market value of publicly held shares and all other initial
listing standards (with the exception of the Bid Price Rule) for
listing on The NASDAQ Capital Market, and submits a timely
notification to NASDAQ of its intention to cure the deficiency
during the second compliance period, by effecting a reverse stock
split of the shares of its Common Stock, if necessary.  The
Company may also appeal NASDAQ's delisting determination to a
NASDAQ Hearings Panel.  FreeSeas said it intends to evaluate
available options to resolve the deficiency and regain compliance
with the Minimum Bid Price Rule.

In accordance with NASDAQ Marketplace Rule 5810(c)(2)(C), the
Company has 45 calendar days to submit a plan to regain compliance
with the Equity Standard Rule.  FreeSeas believes that it has
already achieved compliance by virtue of the capital increase
effected on May 28, 2014, following the successful closing of its
$25 million public offering, which will be reflected in the
unaudited interim financial statements for the six months ended
June 30, 2014, which the Company expects to file within the next
month.

                        About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

FreeSeas Inc. reported a net loss of $48.70 million in 2013, a net
loss of $30.88 million in 2012 and a net loss of $88.19 million in
2011.  The Company's balance sheet at March 31, 2014, showed
$79.78 million in total assets, $77.41 million in total
liabilities, all current, and $2.37 million in total shareholders'
equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company has
incurred recurring operating losses and has a working capital
deficiency.  In addition, the Company has failed to meet scheduled
payment obligations under its loan facilities and has not complied
with certain covenants included in its loan agreements.
Furthermore, the vast majority of the Company's assets are
considered to be highly illiquid and if the Company were forced to
liquidate, the amount realized by the Company could be
substantially lower that the carrying value of these assets.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going concern.


GENERAL MOTORS: Solons Challenge CEO Over Decision to Keep Lawyer
-----------------------------------------------------------------
Jeff Bennett and Siobhan Hughes, writing for The Wall Street
Journal, reported that senators challenged General Motors Co.
Chief Executive Mary Barra to explain how she would change its
corporate culture without dismissing her top lawyer, whose staff
didn't tell regulators or senior executives about the problem for
years.  According to the report, Ms. Barra stuck by GM general
counsel Michael Millikin, who, like her, has spent the bulk of his
professional career at the auto maker; but the lawmakers' rough
treatment of Mr. Millikin highlighted the challenges Ms. Barra
faces as she seeks to convince regulators, prosecutors, lawmakers
and consumers that she can change GM's management culture while
sticking with an executive team largely made up of company
veterans.

                     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.


GENUTEC BUSINESSS: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------------
The U.S. Trustee for Region 16 on June 12 appointed three
creditors of Genutec Business Solutions, Inc. to serve on the
official committee of unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) Merrill Communications, LLC
         Attn: Leif Simpson
         One Merrill Circle
         St. Paul, MN 55108
         Tel: (651) 632-4046
         Fax: (651) 632-1838

     (2) Lawnae Hunter
         c/o Jones Day
         Attn: Paul Rafferty
         3161 Michelson Dr., #800
         Irvine, CA 92612
         Tel: (949) 553-7588
         Fax: (949) 553-7539

     (3) Michael Taus
         Jimmy C. Taus, Esq.
         1999 Ave. of the Stars, #1100
         Los Angeles, CA 90067
         Tel: (424) 246-8287
         Fax: (310) 861-1811

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and
financial affairs.  Importantly, official committees serve as
fiduciaries to the general population of creditors they
represent.

                About Genutec Businesss Solutions

Genutec Businesss Solutions, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 14-13115) in Santa Ana,
Georgia, on May 16, 2014.  David Montoya signed the petition as
director.  The Debtor disclosed assets of $12,851,544 and
liabilities of $11,529,199.  Michael R Totaro, Esq., at Totaro &
Shanahan, in Pacific Palisades, California, acts as bankruptcy
counsel.  Judge Erithe A. Smith presides over the case.


HFOTCO LLC: S&P Assigns 'BB-' ICR & Rates $550MM Sr. Loan 'BB-'
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issuer
credit rating to HFOTCO LLC.  The outlook is stable.  Standard &
Poor's also assigned its 'BB-' issue-level rating to the company's
$550 million senior secured term loan B and $75 million revolving
credit facility.  The recovery rating on the term loan B and
revolving credit facility is '3'.

"We consider the company to have a "satisfactory" business risk
profile," said Standard & Poor's credit analyst Michael Ferguson.
"HFOTCO's relatively limited product and geographic diversity,
expose the company to any market changes or disruptions in the
residual fuels market," said Mr. Ferguson.

Like other storage facilities, this company faces a risk of
recontracting at lower rates.  Compared with other large storage
facilities, however, HFOTCO's current contracts generally have
longer tenors and are with investment-grade counterparties.

S&P considers the financial risk profile of the company to be
"highly leveraged" and liquidity "adequate".

The rating outlook on HFOTCO is stable.  S&P expects near-term
cash flows to be very stable and for debt to EBITDA to hover in
the 7x to 7.5x area.

A downgrade is unlikely in the short term due to the significant
duration of current contracts, but could come about if market
rates for residual fuel oil storage drop dramatically, or if the
capital spending needs exceed S&P's expectations and are debt
funded.

An upgrade is currently unlikely due to the substantial leverage
facing the issuer.  S&P could consider a positive ratings action
if debt to EBITDA falls below 6x but it would not expect this to
occur until 2018 at the earliest.

HFOTCO LLC is a 16.1 million barrel storage facility located on
the Houston Ship Channel with significant residual oil and crude
oil storage capacity.


IBAHN CORPORATION: Seeks Oct. 1 Extension of Plan Exclusivity
-------------------------------------------------------------
Ibahn Corporation seeks a further extension of its exclusive
period to file a Plan of Reorganization in its Chapter 11 case.
This is the Debtor's third request for such an extension.  The
Debtor seeks an extension to October 1, 2014, to file a Plan and
to November 30 to obtain acceptances of the Plan.

The Debtor contends that "cause" for such extensions exist
pursuant to Sec. 1121(d) of the Bankruptcy Code.  Since the
petition date of September 6, 2013, the Debtor has undergone the
sale of virtually all of its assets, assumed or rejected executory
contracts and unexpired leases, retained an accountant to handle
tax matters, negotiated with administrative claimants, and handled
post-sale wind-down matters.  The Debtor contends that creditors
will not be prejudiced by a third extension.

The Debtor is represented by Laura David Jones, Esq., David M.
Bertenthal, Esq., and James E. O'Neill, Esq. at Pachulski, Stang,
Ziehl & Jones LLP of Wilmington, DE.

                           About iBahn Corp.

Salt Lake City, Utah-based IBahn Corp., a provider of Internet
services to hotels, sought bankruptcy protection (Bankr. D. Del.
Case No. 13-12285), citing a loss of contracts with largest
customer Marriott International Inc. and patent litigation costs.
IBahn Chief Financial Officer Ryan Jonson said the company had
assets of $13.6 million and it listed liabilities of as much as
$50 million in the Chapter 11 filing on Sept. 6, 2013.  The
petitions were signed by Ryan Jonson as chief financial officer.
Judge Peter J. Walsh presides over the case.

Laura Davis Jones, Esq., Davis M. Bertenthal, Esq., James E.
O'Neill, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang,
Ziehl Young & Jones, LLP, serve as the Debtors' counsel.  The
Debtors' claims and noticing agent is Epiq Bankruptcy Solutions.
Epiq also serves as administrative agent.  Houlihan Lokey Capital,
Inc., serves as financial advisor and investment banker.


INNOVENTE INC: Files Notice of Intention to Make BIA Proposal
-------------------------------------------------------------
Innovente Inc. disclosed that on July 17, 2014, it filed a notice
of intention to make a proposal to its creditors in accordance
with the provisions of the Bankruptcy and Insolvency Act.  The
firm PricewaterhouseCoopers Inc. has been retained as trustee.  In
addition to its legal responsibilities, the firm will assist the
Corporation in the development of a proposition to its creditors
that will be subject to vote at a meeting which will be held at a
date yet to be determined.  In the meantime, the Corporation will
benefit from a complete stay with regards to debt payments and to
any creditor proceeding.

Innovente believes that this process of notice of intention will
contribute positively to its actual efforts of finding stategic
and financial partners.

                         About Innovente

Based in Quebec City, Innovente -- http://www.innovente.ca--
produces renewable energy by providing communities with a green
and sustainable solution for the management of residual organic
matter with its patented technology.  Innovente stock is listed on
the TSX Venture Exchange under the ticker symbol IGE CA:IG.


JENKINS OIL: Case Summary & 12 Top Unsecured Creditors
------------------------------------------------------
Debtor: Jenkins Oil Company
        2021 Sunnyside Dr.
        Cadillac, MI 49601

Case No.: 14-04818

Chapter 11 Petition Date: July 17, 2014

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Judge: Hon. James W. Boyd

Debtor's Counsel: Perry G. Pastula, Esq.
                  DUNN SCHOUTEN & SNOAP, P.C.
                  2745 DeHoop Avenue SW
                  Wyoming, MI 49509
                  Tel: (616) 538-6380
                  Email: bankruptcy@dunnsslaw.com

Total Assets: $1.05 million

Total Liabilities: $569,329

The petition was signed by Michael A. Jenkins, president.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/miwb14-04818.pdf


LATEX FOAM: Amends List of 20 Largest Unsecured Creditors
---------------------------------------------------------
Latex Foam International, LLC amended its list of 20 largest
unsecured creditors to reflect the inclusion of Sprague Operating
Resources, Ruckel Mfg. Co., Inc., and Synthomer LLC; and exclusion
of Craft Click, Inc., William Bassett; and Gareth Clarke:

  Name of Creditor           Nature of Claim      Amount of Claim
  ----------------           ---------------      ---------------
State of Connecticut                                 $2,500,000
Dept. of Economic & Comm Dev.
505 Hudson Street
Hartford, CT 06106

BASF Corporation             Business Debt             $951,631
Attn: Pres, GP or Mang
Member
P.O. Box 360941
Pittsburgh, PA 15251-6941

Goodyear Tire & Rubber Co.   Business Debt             $597,941
Attn: Pres, GP or Mang
Member
Reference: 2290
P.O. Box 100605
Atlanta, GA 30384-0605

UI Co. #010-0000217-176      Business Debt             $365,057
Attn: Pres, GP or Mang
Member
P.O. Box 9230
Chelsea, MA 02150-9230

Monroe Staffing Services     Business Debt             $324,563
LLC
Attn: Pres, GP or Mang
Member
P.O. Box 60839
Charlotte, NC 28260-0839

Tiarco Chemical Division     Business Debt             $292,177
Attn: Pres, GP or Mang
Member
PO Box 281995
Atlanta, GA 30384-1995

Tradebe Environmental
Services                     Business Debt             $207,753

Unisource WorldWide Inc.     Business Debt             $202,173

State of Texas                                         $190,000

Absolutely Knits, Inc.       Business Debt             $166,351

RCMA Americas, Inc.          Business Debt             $158,715

Wiggin & Dana LLP            Business Debt             $136,480

Phoenix Holdings, LLC        Business Debt             $125,131

Unicorr Packaging Group,
Inc.                         Business Debt             $123,554

City of Wichita Falls                                  $108,066

CW Textiles, LLC             Business Debt             $106,018

SHELTON 2009 LLC             Business Debt             $104,558

Sprague Operating Resources  Business Debt              $93,003

Ruckel Mfg. Co., Inc.        Business Debt              $83,462

Synthomer LLC - 231761       Business Debt              $78,814

As reported in the Troubled Company Reporter on June 17, 2014, the
Debtor disclosed that the list included:

   1. State of Connecticut
   2. BASF Corporation
   3. Goodyear Tire & Rubber Co.
   4. UI Co. #010-0000217-176
   5. Monroe Staffing Services LLC
   6. Tiarco Chemical Division
   7. Tradebe Environmental Services
   8. Unisource WorldWide Inc.
   9. State of Texas
  10. Absolutely Knits, Inc.
  11. Craft Click, Inc.
  12. William Bassett
  13. RCMA Americas, Inc.
  14. Wiggin & Dana LLP
  15. Gareth Clarke
  16. Phoenix Holdings, LLC
  17. Unicorr Packaging Group, Inc.
  18. City of Wichita Falls
  19. CW Textiles, LLC
  20. SHELTON 2009 LLC

                         About Latex Foam

Headquartered in Shelton, Connecticut, Latex Foam International,
LLC manufactures foam mattresses and component mattresses.  The
196-employee company produces mattress cores, toppers, and pillow
buns utilizing both the Talaway and Dunlop manufacturing
processes.

LFIH is a holding company for 100% of the equity interests in LFI,
PLB, and an inactive entity, Dunlop Latex Foam (Malaysia) SDN.
BHD.

LFI and four affiliates sought Chapter 11 bankruptcy protection
(Bankr. D. Conn. Lead Case No. 14-50845) in Bridgeport,
Connecticut, on May 30, 2014.  David Fisher signed the petitions
as president.  The Debtors seek joint administration of their
cases.

LFI disclosed $18,437,185 in assets and $30,342,926 in liabilities
as of the Chapter 11 filing.

Judge Alan H.W. Shiff presides over the cases.

James Berman, Esq., and Craig I. Lifland, Esq., at Zeisler and
Zeisler, serve as the Debtors' counsel.

On June 19, 2014, the U.S. Trustee appointed five creditors to
serve on the Official Committee of Unsecured Creditors.   The
Committee tapped to retain Schafer and Weiner, PLLC as its
counsel, and Reid and Reige, P.C. as its local counsel.


LATEX FOAM: Aug. 16 Hearing on Cohn Reznick as Accountant
---------------------------------------------------------
The Bankruptcy Court will convene a hearing on Aug. 19, 2014, at
10:00 a.m., to consider Latex Foam International, LLC, et al.'s
motion to employ CohnReznick, LLP as accountant.

The Debtors stated that they needed accountants to assist with,
tax preparation and pension plan audit for the year ending Dec.
31, 2013.

The Debtors have not paid CohnReznick a retainer to cover services
to be rendered in the Chapter 11 cases.  The compensation received
by CohnReznick in connection with the preparation of the audit for
the year ending Dec. 31, 2013, will be limited to $15,000 and
$55,000 for the preparation of the December 2013 tax returns,
respectively, subject to modification upon proper notice and
application.  CohnReznick agreed to waive any prepetition claim it
may have against the Debtors' estates.

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

                         About Latex Foam

Headquartered in Shelton, Connecticut, Latex Foam International,
LLC manufactures foam mattresses and component mattresses.  The
196-employee company produces mattress cores, toppers, and pillow
buns utilizing both the Talaway and Dunlop manufacturing
processes.

LFIH is a holding company for 100% of the equity interests in LFI,
PLB, and an inactive entity, Dunlop Latex Foam (Malaysia) SDN.
BHD.

LFI and four affiliates sought Chapter 11 bankruptcy protection
(Bankr. D. Conn. Lead Case No. 14-50845) in Bridgeport,
Connecticut, on May 30, 2014.  David Fisher signed the petitions
as president.  The Debtors seek joint administration of their
cases.

LFI disclosed $18,437,185 in assets and $30,342,926 in liabilities
as of the Chapter 11 filing.

Judge Alan H.W. Shiff presides over the cases.

James Berman, Esq., and Craig I. Lifland, Esq., at Zeisler and
Zeisler, serve as the Debtors' counsel.

On June 19, 2014, the U.S. Trustee appointed five creditors to
serve on the Official Committee of Unsecured Creditors.   The
Committee tapped to retain Schafer and Weiner, PLLC as its
counsel, and Reid and Reige, P.C. as its local counsel.


LATEX FOAM: Authorized to Use Cash Collateral Until July 31
-----------------------------------------------------------
The Bankruptcy Court approved a second interim stipulation and
order authorizing Latex Foam International, LLC, et al.'s use of
cash collateral until July 31, 2014.

A copy of the budget is available for free at:

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

The Court scheduled a final hearing on the matter on July 29, at
10:00 a.m.

Previously, the parties supplemented their stipulation to provide
use of cash collateral until July 8, 2014.

As reported in the Troubled Company Reporter on June 17, 2014, the
Bank provided financing to Latex in the original principal amount
of $34 million.  The loans advanced under the Loan Agreement are
secured by substantially all assets of the Debtors.

The TCR reported on June 6, 2014, Wells Fargo asserts secured
claims of approximately $16,500,000 against the Debtor's assets
including cash collateral as provided under Section 361 and 363 of
the Bankruptcy Code.

As adequate protection against any postpetition date erosion of
Wells Fargo's cash collateral within the meaning of Sections 361
and 363 of the Bankruptcy Code, the Debtors propose to grant to
Wells Fargo a replacement lien in all after acquired cash
collateral.

                         About Latex Foam

Headquartered in Shelton, Connecticut, Latex Foam International,
LLC manufactures foam mattresses and component mattresses.  The
196-employee company produces mattress cores, toppers, and pillow
buns utilizing both the Talaway and Dunlop manufacturing
processes.

LFIH is a holding company for 100% of the equity interests in LFI,
PLB, and an inactive entity, Dunlop Latex Foam (Malaysia) SDN.
BHD.

LFI and four affiliates sought Chapter 11 bankruptcy protection
(Bankr. D. Conn. Lead Case No. 14-50845) in Bridgeport,
Connecticut, on May 30, 2014.  David Fisher signed the petitions
as president.  The Debtors are seeking joint administration of
their cases.

LFI disclosed $18,437,185 in assets and $30,342,926 in liabilities
as of the Chapter 11 filing.

Judge Alan H.W. Shiff presides over the cases.

James Berman, Esq., and Craig I. Lifland, Esq., at Zeisler and
Zeisler, serve as the Debtors' counsel.

On June 19, 2014, the U.S. Trustee appointed five creditors to
serve on the Official Committee of Unsecured Creditors.   The
Committee tapped to retain Schafer and Weiner, PLLC as its
counsel, and Reid and Reige, P.C. as its local counsel.


LATEX FOAM: Committee Hires Schafer and Weiner & Reid and Reige
---------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Aug. 19, 2014, at
10:00 a.m., to consider the motion to retain Schafer and Weiner,
PLLC as counsel for the Official Committee of Unsecured Creditors
in the Chapter 11 cases of Latex Foam International, LLC, et al.

Schafer and Weiner will bill for services rendered and out-of-
pocket expenses incurred pursuant to the Bankruptcy Code,
Bankruptcy Rules 2014 and 2016, U.S. Trustee Guidelines, the local
rule of the Court and future order of the Court.

In a separate filing, the Committee requested permission to retain
Reid and Reige, P.C. as its local counsel.  Eric Henzy at R&R
assures the Court that the firm represents no interest adverse to
the Committee or to the estate.

                         About Latex Foam

Headquartered in Shelton, Connecticut, Latex Foam International,
LLC manufactures foam mattresses and component mattresses.  The
196-employee company produces mattress cores, toppers, and pillow
buns utilizing both the Talaway and Dunlop manufacturing
processes.

LFIH is a holding company for 100% of the equity interests in LFI,
PLB, and an inactive entity, Dunlop Latex Foam (Malaysia) SDN.
BHD.

LFI and four affiliates sought Chapter 11 bankruptcy protection
(Bankr. D. Conn. Lead Case No. 14-50845) in Bridgeport,
Connecticut, on May 30, 2014.  David Fisher signed the petitions
as president.  The Debtors are seeking joint administration of
their cases.

LFI disclosed $18,437,185 in assets and $30,342,926 in liabilities
as of the Chapter 11 filing.

Judge Alan H.W. Shiff presides over the cases.

James Berman, Esq., and Craig I. Lifland, Esq., at Zeisler and
Zeisler, serve as the Debtors' counsel.

On June 19, 2014, the U.S. Trustee appointed five creditors to
serve on the Official Committee of Unsecured Creditors.   The
Committee tapped to retain Schafer and Weiner, PLLC as its
counsel, and Reid and Reige, P.C. as its local counsel.


LOVE CULTURE: Files Chapter 11 to Close Stores, Sell Business
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Love Culture Inc., a clothing chain for young women
and girls with more than 80 stores, filed a Chapter 11 petition in
Newark, New Jersey, to close unprofitable stores and sell the
remainder.

Sara Randazzo, writing for Daily Bankruptcy Review, reported that
Love Culture won court approval to access bankruptcy financing as
it races toward a month-end deadline to sell itself to liquidators
or find a buyer willing to keep the clothing chain in business.
Mr. Rochelle said pre-bankruptcy secured lender Salus Capital
Partners LLC, owed about $13.7 million as of the bankruptcy
filing, agreed to finance the Chapter 11 effort with a $12 million
revolving loan.  The loan documents require approval of sale
procedures by July 24, an auction by July 28, sale approval by
July 29, and completion of the sale by July 30, Mr. Rochelle said,
citing court papers.


LOVE CULTURE: Meeting to Form Creditors' Panel Set for July 23
--------------------------------------------------------------
Roberta A. DeAngelis, United States Trustee for Region 3, will
hold an organizational meeting on July 23, 2014, at 1:30 p.m. in
the bankruptcy case of Love Culture Inc.  The meeting will be held
at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         14th Floor, Room 1401
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.


MIG LLC: U.S. Trustee to Hold Creditors' Meeting Aug. 11
--------------------------------------------------------
The U.S. Trustee for Region 3 is set to hold a meeting of
creditors of MIG, LLC and ITC Cellular, LLC on August 11,
at 1:00 p.m.

The meeting will be held at Room 5209, 5th Floor of J. Caleb Boggs
Federal Building, 844 King Street, in Wilmington, Delaware.

The companies' representative is required to appear at the meeting
for the purpose of being examined under oath.  Attendance by
creditors is welcomed but not required.

At the meeting, the creditors may examine the companies and
transact such other business as may properly come before the
meeting.  The meeting may be continued or adjourned from time to
time by notice at the meeting, without further written notice to
the creditors.

                          About MIG LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 14-11605) on
June 30, 2014.  As of the bankruptcy filing, MIG's sole valuable
asset, beyond its existing cash, is its indirect interest in
Magticom Ltd.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia.
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

The cases are assigned to Judge Kevin Gross.  The Debtors are
seeking joint administration of their Chapter 11 cases.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor, Cousins Chipman and Brown,
LLP as conflicts counsel, and Prime Clerk LLC as claims and notice
agent and administrative advisor.  The Debtors have also filed an
application to retain Natalia Alexeeva as chief restructuring
officer.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118).  It obtained approval of its
reorganization plan in November 2010.


MISA INVESTMENTS: Moody's Affirms 'B1' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed MISA Investments Limited's
("MISA") B1 Corporate Family rating and B1-PD Probability of
Default rating. Moody's affirmed the B3 rating on the existing
$250 million 8.5% senior unsecured notes due 2022 issued by Viking
Cruises Ltd ("Viking" -a wholly owned subsidiary of MISA), and
assigned a B3 rating to the proposed $300 million add-on to these
existing notes. The proceeds of the add-on will be used to fund a
dividend to MISA that it will use to repay its existing $175
million PIK/Toggle notes, to fund a portion of the cost to
construct new vessels for a to be established joint venture entity
("JV") that will operate river vessels on the Mississippi River,
and to pay fees and expenses. Viking will have up to a 25%
interest in the JV in order to comply with provisions of the Jones
Act. Viking has launched a consent solicitation to holders of its
$250 million senior unsecured notes that would amend the existing
indenture to allow for the new JV.

Assuming the JV is established, Viking will make secured loans to
the JV to finance construction of two vessels for delivery in
2017; the cost of these vessels is estimated at $100 - $115
million each. If Viking is unable to establish the JV, the excess
$115 million proceeds will be retained by the company to support
growth.

The net $125 million increase in debt causes an increase in pro-
forma net adjusted debt/EBITDAR to 5.4 times from 4.7 times. Since
Viking maintains high cash balance ($515M at 3/31/14) and is
expected to continue to build cash from free cash flow, Moody's
has netted $215 million (gross cash less $300 million for
liquidity) from the company's debt balance.

When the proposed transaction closes, MISA's Corporate Family
Rating and Probability of Default Rating will be moved to Viking
Cruises Ltd (Viking), reflecting the repayment of the MISA
PIK/Toggle notes.

Ratings Rationale

Viking's B1 Corporate Family Rating reflects the company's
considerable business risk associated with high growth in a small
market segment of the cruise industry, high leverage relative to
its current earning base, the potential for margin pressure due to
the need to invest in marketing to support rapid growth, first
time entry into the ocean cruise segment and development and
launch of new vessels for the Mississippi River market in the US.

Viking's pro-forma net lease adjusted debt / EBITDAR of 5.4 times
is high relative to the company's current scale in terms of net
revenue ($555 million - LTM 3/31/14) and considering its
aggressive growth plans. The company has committed to take
delivery of river and ocean vessels that will increase passenger
capacity cruise days by approximately 44% in 2014 and 33% in 2015
and plans for increases of 39% in 2016. The ratings are supported
by Viking's good forward booking visibility as a high proportion
of the following year's net cruise revenues are booked by late
fall of the prior year. This visibility, along with a short lead
time to build new river vessels (about 12 to 15 months), enables
the company to adjust capacity expansion to demand trends. Also
considered is the company's solid interest coverage, at about 2.9
times, and an increasing mix of higher margin new longships that
is expected to drive solid returns on investment.

The ratings incorporate the qualified audit opinion that the
company received in 2013 -- and is expected to receive going
forward -- as a result of a disagreement with the auditors
regarding the accounting treatment of direct marketing and
advertising costs under IAS 38. Viking treats these expenses in
accordance with the matching principal. While not in accordance
with IFRS, it is acceptable in GAAP accounting.

The stable rating outlook reflects good forward booking trends at
higher prices for 2014 and Moody's expectation that Viking can
achieve a solid return on its vessel investments while maintaining
its current credit profile.

The ratings could be downgraded if, for any reason, there is a
meaningful deterioration in occupancy or pricing or if lease
adjusted net debt/EBITDAR remains above 5.5 times (If Viking does
not continue to maintain available cash balances above $300
million, ratings could be downgrade if lease adjusted gross
debt/EBITDAR rises above 6.0 times). Moody's does not anticipate
upward rating momentum in the foreseeable future given Viking's
rapid debt financed capacity expansion plans, and first time entry
into the ocean cruise segment in 2015, and the Mississippi River
market in 2017. A higher rating would require the demand
environment remain strong enough to support a solid return on
capacity expansion and lower, sustainable adjusted debt to EBITDAR
below 5.0 times.

Rating assigned:

Viking Cruises Ltd.

$300 million senior unsecured notes due 2022 at B3 (LGD 5)

Ratings affirmed:

MISA Investments Limited

Corporate Family rating at B1

Probability of Default rating at B1-PD

When the proposed transaction closes, MISA's Corporate Family
Rating and Probability of Default Rating will be moved to Viking
Cruises Ltd. (Viking), reflecting the repayment of the MISA
PIK/Toggle notes.

$175 million senior PIK toggle notes due 2018 at B3 (LGD 5)

Viking Cruises Ltd.

$250 million senior unsecured guaranteed notes due 2022 at B3 (LGD
5)

Ratings to be withdrawn:

MISA Investments Limited

$175 million senior PIK toggle notes due 2018 at B3 (LGD5)

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

MISA Investments Limited is the holding company of Viking Cruises
Ltd that in turns owns Viking River Cruises Ltd and Viking Ocean
Cruises Ltd. Viking Ocean Cruises Ltd is an unrestricted
subsidiary of Viking Cruises Ltd. As of December 31, 2013 Viking
River Cruises Ltd marketed 37 river cruise vessels under the
Viking River Cruises brand for the 2014 season. Total trailing
twelve months net revenues as of March 31, 2014 were $555 million.


MMODAL INC: Wins More Time to Decide on Leases
----------------------------------------------
Legend Parent, Inc. requested that the Bankruptcy Court for the
Southern District of New York grant additional time for it to
address unexpired leases of non-residential real property.  The
Debtor is currently a party to 11 unexpired leases of offices and
development centers located in North Carolina, Pennsylvania,
Tennessee, Georgia and Florida.  The Debtor has filed its Second
Amended Joint Plan for Reorganization which is scheduled for a
confirmation hearing on July 15, 2014.  The Plan provides that
should there be any executory contracts or unexpired leases which
have not yet been assumed or rejected, such contracts or leases
shall be deemed assumed as of the effective date of the Plan.

The Debtor seeks an extension to the earlier of the effective date
or October 16 to assume or reject the contracts or leases.
Without the extension, the contracts or leases could be deemed
rejected pursuant to Sec. 365(d)(4) of the Bankruptcy Code which
requires debtors to assume or reject contracts or leases by the
earlier of the 120th day following the filing of a Chapter 11
Petition or the date a confirmation order is entered.  July 18th
will be the 120th day since the filing of the Petition, and the
Plan Support Agreement related to the Debtor's proposed Plan
requires the Debtor to attempt to obtain entry of the Confirmation
Order by July 16th.

The Debtor contends that it meets all three of the factors
justifying "cause" for an extension under Sec. 365(d)(4)(B)(i) of
the Bankruptcy Code:

     (i) The decision to assume or reject the leases is central
         to a Plan of Reorganization due to the value of the
         leases to the estate,

    (ii) The case is complex and involves a many leases, and

   (iii) The Debtor has not had time to intelligently apprise the
         Leases' value to a Plan of Reorganization.

The Debtor is represented by Allan S. Brilliant, Esq., Shmuel
Vasser, Esq. and Jeffrey T. Mispagel, Esq. at Dechert LLP of New
York, NY.

Honorable Robert E. Grossman granted the Debtor's requested
extension on July 2, 2014.

                          About M*Modal

Headquartered in Franklin, Tennessee, M*Modal provides clinical
documentation solutions for the U.S. healthcare industry.  It has
operations in six countries and employs more than 9,900 employees,
most of whom are medical transcriptionists or medical editors.

M*Modal, a medical-services company owned by J.P. Morgan Chase
Co.'s private-equity arm, filed for Chapter 11 bankruptcy
protection, following a decline in sales and mounting debt.

MModal disclosed $627 million in total assets and $876 million in
total liabilities as of Feb. 28, 2014.  MModal Inc., disclosed, in
its schedules, assets of $36,128,041 plus undetermined amount, and
liabilities of $808,089,536 plus undetermined amount.

Legend Parent Inc. and other M*Modal entities, including MModal
Inc., sought bankruptcy protection (Bankr. S.D.N.Y. Lead Case No.
14-10701) on March 20, 2014.

The Debtors have tapped Dechert LLP as attorneys, Alvarez & Marsal
North America, LLC, as restructuring advisor, Lazard Freres & Co
LLC as investment banker, Deloitte Tax LLP as tax advisor, and
Prime Clerk LLC as claims and noticing agent, and administrative
advisor.

The Joint Plan of Reorganization dated April 25, 2014, provides
that First Lien Claims will be allowed in the aggregate amount of
$507,680,532.  On the effective date, holders of First Lien Claim
will also receive their pro rata share of (i) the New Term Loan,
(ii) 93% of Reorganized Holdings Equity Interests, subject to
dilution solely on account of the New Warrants and Management
Stock Option Plan; and (iii) $8,197,801 in Cash.

Holders of Allowed General Unsecured Claims will receive their pro
rata share of (i) 7% of the Reorganized Holdings Equity Interests;
(ii) the New A Warrants and New B Warrants; and (iii) $617,039 in
Cash.

A Steering Committee for Secured Lenders under the Prepetition
Credit Agreement is represented by Richard Levy, Esq., at Latham &
Watkins LLP.  An Ad Hoc Committee of certain unaffiliated holders
of (i) the Term B loan under the Prepetition Credit Agreement and
(ii) Notes issued under the Indenture is represented by Michael
Stamer, Esq., and James Savin, Esq., at Akin Gump Strauss Hauer &
Feld LLP.

The U.S. Trustee for Region 2 has appointed three members to the
Official Committee of Unsecured Creditors.  Kristopher M. Hansen,
Esq., Frank A. Merola, Esq., and Matthew G. Garofalo, Esq., at
Stroock & Stroock & Lavan LLP, in New York, serve as counsel to
the Committee.  Michael Diaz of FTI Consulting leads the team of
financial advisors to the Creditors' Committee.


MMRGLOBAL INC: Stockholders Elected Two Directors
-------------------------------------------------
MMRGlobal, Inc., held its 2014 annual meeting of stockholders on
July 16, 2014, at which the stockholders elected Robert H. Lorsch
and Dr. Ivor Royston as Class II directors to serve for a term of
three years, with that term expiring upon the 2016 Annual Meeting
of Stockholders or until their respective successors are duly
elected and qualified.  The stockholders also ratified the
appointment of Rose Snyder & Jacobs as the Company's independent
registered public accounting firm for the fiscal year ending
Dec. 31, 2014.

                           About MMRGlobal

Los Angeles, Calif.-based MMR Global, Inc. (OTC BB: MMRF)
-- http://www.mmrglobal.com/-- through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-
use online Personal Health Records (PHRs) and electronic safe
deposit box storage solutions, serving consumers, healthcare
professionals, employers, insurance companies, financial
institutions, and professional organizations and affinity groups.

MMRGlobal reported a net loss of $7.63 million in 2013, as
compared with a net loss of $5.90 million in 2012.  The Company's
balance sheet at March 31, 2014, showed $2.23 million in total
assets, $10.30 million in total liabilities and a $8.07 million
total stockholders' deficit.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the years ended
December 31, 2013 and 2012.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


OVERSEAS SHIPHOLDING: First Amended Ch. 11 Plan Confirmed
---------------------------------------------------------
Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District
of Delaware signed on July 18, 2014, a findings of fact,
conclusions of law, and order confirming the First Amended Joint
Plan of Reorganization of Overseas Shipholding Group, Inc., and
its debtor affiliates.

The Debtors, in support of their bid for confirmation of the Plan,
revised the Plan to modify the treatment of certain classes of
claims, including Class D2 Claims (Satisfied Noteholder Claims)
and Class D3 Claims (Reinstated Noteholder Claims).  Under the
First Amended Plan, Class D2 Claims will be allowed in the
aggregate amount of $63,603,000, plus (I) any applicable interest
on the principal at the applicable contractual rate calculated
pursuant to the 8.750% Debentures up to and including the date on
which the Debtors or Reorganized Debtors make the distribution to
the 8.75% Debentures Trustee, and (II) interest on overdue
interest, in accordance with the terms of the 8.750% Debentures
Indenture and/or New York law.  Class D3 Claims will be allowed in
the aggregate amount of $451,686,250 consisting of the principal
and accrued but unpaid prepetition interest owed on the 7.500%
Notes and the 8.125% Notes, plus all applicable interest,
including (i) interest accrued through the effective date which,
absent a default, would not yet be due for payment on a regular
interest payment date, and (ii) interest on overdue interest.

Judge Walsh overruled any objections that have not been withdrawn,
waived, or settled prior to entry of the confirmation order.
These objections include those raised by Wilmington Trust,
National Association, as indenture trustee for the $150 million of
7.5% Senior Notes due 2024 issued by OSG, The Bank of New York
Mellon, in its capacity as the 8.75% Debentures Trustee, the
Official Committee of Unsecured Creditors, the U.S. Government on
behalf of the U.S. Department of Transportation Maritime
Administration, and Oracle America, Inc.

Wilmington Trust, National Association, as indenture trustee for
the $150 million of 7.5% Senior Notes due 2024 issued by OSG,
complained that the Debtors have failed and refused to provide for
the payment of interest on overdue interest on the 7.5% Notes,
despite the fact that Section 503 of the 7.5% Notes Indenture
specifically provides for the payment of interest on overdue
interest, as does New York Law, which governs the 7.5% Notes
Indenture.

The Bank of New York Mellon, in its capacity as the 8.75%
Debentures Trustee, argued that holders of 8.75% notes must
receive interest on overdue installments of interest payments at
either the 8.75% rate provided in the 8.75% Debentures Indenture,
or the 9% interest rate pursuant to New York law.

The Official Committee of Unsecured Creditors said it supports the
Plan but said the Plan's failure to pay upon emergence
approximately $2.2 million of interest on overdue interest with
respect to the 8.75% Debentures Claims and the 7.5% Notes Claims
both violates the plain language of the 8.75% Debentures and the
7.5% Notes Indentures and contravenes the Plan's purported
treatment of the Noteholders as unimpaired.

The U.S. Trustee objected to the treatment of the MARAD Capital
Construction Fund Agreement as an executory contract and argued
that the agreement cannot be rejected because the Debtors are
participants in a government program that has certain rules and
regulations.  Oracle America, Inc., also objected to the Plan,
especially the schedules of executory contracts to be assumed,
assumed and assigned, and rejected, because their heir executory
contracts were listed in the exhibit listing the contracts
designated for assumption and assignment, but no assignment of the
Oracle agreements is contemplated.

The Debtors, in response to the objections, maintained that their
Plan should be confirmed because it will pay in full or render
unimpaired all allowed, non-subordinated claims and deliver
significant value to existing shareholders while positioning the
Debtors for successful operation in the years to come.  The
Debtors added that they have worked in good faith to resolve the
Plan objections through reasonable settlements.  Judge Walsh has
approved a stipulation among the Debtors, certain holders of the
7.5% Notes, and Wilmington Trust, resolving anticipated Plan
objections.

A blacklined version of the Plan dated July 17, 2014, is available
at http://bankrupt.com/misc/OSGplan0716.pdf

A full-text copy of Judge Walsh's Confirmation Order is available
at http://bankrupt.com/misc/OSGplanord0718.pdf

One of the Debtors, OSG International, Inc., filed amended
schedules of assets and liabilities, modifying the list of holders
of unsecured non-priority claims.  Full-text copies of the
Schedules are available at http://bankrupt.com/misc/OSGsal0715.pdf

The Debtors are represented by James L. Bromley, Esq., Luke A.
Barefoot, Esq., and Jane VanLare, Esq., at Cleary Gottlieb Steen &
Hamilton LLP, in New York; and Derek C. Abbott, Esq., Daniel B.
Butz, Esq., and William M. Alleman, Jr., Esq., at Morris, Nichols,
Arsht & Tunnell LLP, in Wilmington, Delaware.

Wilmington Trust is represented by Christopher A. Ward, Esq., and
Jarrett Vine, Esq., Polsinelli PC, in Wilmington, Delaware; and
Edward M. Fox, Esq., at Polsinelli PC, in New York.

BNY Mellon is represented by Kurt F. Gwynne, Esq., at Reed Smith
LLP, in Wilmington, Delaware; and James Gadsden, Esq., and
Leonardo Trivigno, Esq., at Carter Ledyard & Milburn LLP, in New
York.

The Creditors' Committee is represented by David B. Stratton,
Esq., at Pepper Hamilton LLP, in Wilmington, Delaware; and Daniel
H. Golden, Esq., and Fred S. Hodora, Esq., at Akin Gump Strauss
Hauer & Feld LLP, in New York.

MARAD is represented by Charles M. Oberly, III, Esq., U.S.
Attorney, and Ellen W. Slights, Esq., Assistant U.S. Attorney, in
Wilmington, Delaware.

Oracle is represented by James E. Huggett, Esq., at Margolis
Edelstein, in Wilmington, Delaware; Amish R. Doshi, Esq., at
Magnozzi & Kye, LLP, Huntington, New York; and Shawn M.
Christianson, Esq., at Buchalter Nemer P.C., in San Francisco,
California; and Deborah Miller, Esq., and Michael Czulada, Esq.,
in house counsel for Oracle.

                   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.

U.S. Bank National Association is the successor administrative
agent under the $1.5 billion credit agreement, dated as of
February 9, 2006 by and among (a) OSG, OSG Bulk Ships, Inc., and
OSG International, Inc., as joint and several borrowers, (b) the
Administrative Agent and (c) various lenders party thereto.
Counsel to the Administrative Agent are Milbank, Tweed, Hadley &
McCloy LLP; Holland & Knight LLP; and Drinker Biddle & Reath LLP.
Lazard Freres & Co. LLC serves as advisor to the Administrative
Agent.

An official committee of Equity Security Holders has been
appointed in the case.  It is represented by Brown Rudnick LLP's
Steven D. Pohl, Esq., James W. Stoll, Esq. and Jesse N. Garfinkle,
Esq.; Fox Rothschild LLP's Jeffrey M. Schlerf, Esq., John H.
Strock, Esq. and L. John Bird, Esq.

In May 2014, the Debtors won Bankruptcy Court approval of the
disclosure statement explaining their amended plan of
reorganization that effectuates the terms of an alternative plan
received from the parties under an Equity Commitment Agreement.
Those parties include certain holders of existing equity interests
of the Company representing approximately 30% of the existing
common stock of OSG.


PACIFIC STEEL: Wins More Time to Decide on Leases
-------------------------------------------------
Pacific Steel Casting Company requested that the Bankruptcy Court
for the Northern District of California, Oakland Division, grant
its request for additional time to assume or reject leases.  The
non-residential real property leases at issue relate to leases
with Howard F. Robinson, Principal Life Insurance Company and
Berkeley Properties, LLC.  No objections were lodged in response
to the Debtor's Motion to extend the time to assume or reject the
leases filed by the Debtor.

The Debtor also requested an extension of its exclusive period to
file a Plan of Reorganization and solicit acceptances thereto.

On July 7, Hon. Roger L. Efremsky granted the Debtor's request for
additional time to assume or reject the leases.

                    About Pacific Steel Casting,
                        Berkeley Properties

Pacific Steel Casting Company and Berkeley Properties, LLC,
separately filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014.  Pacific
Steel's petition was signed by Charles H. Bridges, Jr., chief
financial officer and director.

The Debtor is represented by Michael W. Malter, Esq. and Julie H.
Rome-Banks, Esq., at Binder & Malter, LLP of Santa Clara, CA.
Epiq Bankruptcy Solutions, LLC, is the Debtors' claims, noticing
and balloting agent.  Burr Pilger Mayer, a certified public
accounting firm, serves as financial consultants.

Pacific Steel makes carbon, low-alloy and stainless steel castings
for U.S. and international customers, largely for heavy-duty
trucks and construction equipment.

Tracy Hope Davis, the United States Trustee for Region 17,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Ori Katz,
Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter &
Hampton LLP.


PACIFIC STEEL: Exclusive Right to File Plan Extended to Oct. 6
--------------------------------------------------------------
Pacific Steel Casting Co. obtained a court order extending the
period of time during which it alone holds the right to file a
plan to exit Chapter 11 protection.

The order signed by U.S. Bankruptcy Judge Roger Efremsky extended
the company's exclusive right to propose a plan to October 6, and
solicit votes from creditors to December 5.

The extension would prevent others from filing rival plans in
court and maintain Pacific Steel's control over its bankruptcy
case.

                   About Pacific Steel Casting,
                        Berkeley Properties

Pacific Steel Casting Company and Berkeley Properties, LLC,
separately filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014.  Pacific
Steel's petition was signed by Charles H. Bridges, Jr., chief
financial officer and director.  Michael W. Malter, Esq., at
Binder & Malter, LLP serves as the Debtors' counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing and
balloting agent.  Burr Pilger Mayer, a certified public accounting
firm, serves as financial consultants.

Pacific Steel makes carbon, low-alloy and stainless steel castings
for U.S. and international customers, largely for heavy-duty
trucks and construction equipment.

Tracy Hope Davis, the United States Trustee for Region 17,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Ori Katz,
Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter &
Hampton LLP.


PACIFIC STEEL: Seeks Approval to Assume Executory Contracts
-----------------------------------------------------------
Pacific Steel Casting Co. has filed a motion seeking court
approval to assume and assign contracts in connection with the
proposed sale of its assets to Speyside Fund LLC.

Pacific Steel will sell the fourth-generation family-owned steel
foundry for $11.3 million to New York-based private equity fund
unless another buyer emerges as the winner at a July 28 auction.

The sale is contingent upon the assumption and assignment of the
contracts, according to the company's lawyer, Julie Rome-Banks,
Esq., at Binder & Malter LLP, in Santa Clara, California.

"Absent the ability to assume and assign the assumed contracts,
the debtors would likely be unable to consummate the sale," Ms.
Rome-Banks said in the filing.

Claims against the bankruptcy estate of Pacific Steel would also
be reduced by the assumption and assignment of the contracts,
which include the company's collective bargaining agreement with
employees who are represented by Glass, Molders, Pottery, Plastics
and Allied Workers International Union.

The agreement to assume the non-union pension plan and the union'
s multi-employer pension trust would also remove contingent claims
that could well exceed $30 million, according to the filing.  A
list of the contracts can be accessed at http://is.gd/JuK6cA

U.S. Bankruptcy Judge Roger Efremsky will hold a hearing on July
28 to consider approval of the motion.

                   About Pacific Steel Casting,
                        Berkeley Properties

Pacific Steel Casting Company and Berkeley Properties, LLC,
separately filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014.  Pacific
Steel's petition was signed by Charles H. Bridges, Jr., chief
financial officer and director.  Michael W. Malter, Esq., at
Binder & Malter, LLP serves as the Debtors' counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing and
balloting agent.  Burr Pilger Mayer, a certified public accounting
firm, serves as financial consultants.

Pacific Steel makes carbon, low-alloy and stainless steel castings
for U.S. and international customers, largely for heavy-duty
trucks and construction equipment.

Tracy Hope Davis, the United States Trustee for Region 17,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Ori Katz,
Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter &
Hampton LLP.


PETRON ENERGY: Darling Capital Reports 9.9% Equity Stake
--------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Darling Capital, LLC, disclosed that as of
Feb. 21, 2014, it beneficially owned 88,289,000 shares of common
stock of Petron Energy II, Inc., representing 9.99 percent of the
shares outstanding.

On Feb. 21 2014, Darling Capital said it submitted a schedule 13G
for shares received from Petron Energy.  Due a simple error and
miscommunication with Darling Capital's filer, the Schedule was
not filed and it has come to Darling Capital's attention just
recently.  Subsequent to this error, believing that it filed the
13G, Darling Capital purchased additional debt that was later
converted into shares in Petron Energy and then sold in the open
market.

On advice from its attorney, Darling Capital filed the original
schedule and disclosed the amount of shares received and sold
subsequent to this error.

A full-text copy of the Schedule is available for free at:

                          http://is.gd/Xen3KU

                          About Petron Energy

Dallas-based Petron Energy II, Inc., is engaged primarily in the
acquisition, development, production, exploration for and the sale
of oil, gas and gas liquids in the United States.  As of Dec. 31,
2011, the Company is operating in the states of Texas and
Oklahoma.  In addition, the Company operates two gas gathering
systems located in Tulsa, Wagoner, Rogers and Mayes counties of
Oklahoma.  The pipeline consists of approximately 132 miles of
steel and poly pipe, a gas processing plant and other ancillary
equipment.  The Company sells its oil and gas products primarily
to a domestic pipeline and to another oil company.

Petron Energy reported a net loss of $4.30 million in 2013
following a net loss of $8.32 million in 2012.  As of March 31,
2014, the Company had $3.05 million in total assets, $5.21 million
in total liabilities and a $2.16 million total stockholders'
deficit.

KWCO, PC, in Odessa, TX, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company's
significant operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


PHI GROUP: Amends Form 10-Q for Quarter Ended Dec. 31, 2012
-----------------------------------------------------------
PHI Group, Inc., filed with the U.S. Securities and Exchange
Commission an amended quarterly report for the period ended
Dec. 31, 2012.

The amended Report disclosed a net loss of $207,543 on $0 of
consulting and advisory fee income for the three months ended
Dec. 31, 2012.  The Company previously reported a net loss of
$265,978 on $0 of consulting and advisory fee income for the same
period.

The Company's amended balance sheet at Dec. 31, 2012, showed
$478,044 in total assets, $10.42 million in total liabilities, all
current and a $9.95 million total stockholders' deficit.  The
Company previously disclosed $1.14 million in total assets, $10.42
million in total liabilities and a $9.28 million total
stockholders' deficit at Dec. 31, 2012.

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

                      http://is.gd/MCP1DG

                         About PHI Group

Huntington Beach, Cal.-based PHI Group, Inc., through its wholly
owned and majority-owned subsidiaries, is engaged in a number of
business activities, the scope of which includes consulting and
merger and acquisition advisory services, real estate and
hospitality development, mining, natural resources, energy, and
investing in special situations.  The Company invests in various
business opportunities within its chosen scope of business,
provides financial consultancy and M&A advisory services to U.S.
and foreign companies, and acquires selective target companies
under special situations to create additional long-term value for
its shareholders.

PHI Group reported a net loss of $5.15 million on $570,000 of
consulting and advisory fee income for the year ended
June 30, 2012, as compared with a net loss of $1.17 million on
$409,317 of consulting and advisory fee income for the year ended
June 30, 2011.

Dave Banerjee, CPA An Accountancy Corp., in Woodland Hills,
California, issued a "going concern" qualification on the
consolidated financial statements for the year ended June 30,
2012.  The independent auditor noted that the Company has
accumulated deficit of $35,814,955 and a negative cash flow from
operations amounting to $1,367,705 for the year ended June 30,
2012.  These factors raise substantial doubt about the Company's
ability to continue as a going concern.


PROVIDENT FINANCING: Fitch Affirms 'BB+' Rating on 7.405% Secs.
---------------------------------------------------------------
Fitch Ratings has affirmed Unum Group Inc.'s (NYSE:UNM) holding
company ratings, including the senior debt rating at 'BBB'. In
addition, Fitch affirms the Insurer Financial Strength (IFS)
ratings for of all of UNM's domestic operating subsidiaries at
'A'. The Rating Outlook is Stable.

Key Rating Drivers

The rating rationale includes the following: UNM's overall
operating performance, which has remained strong despite continued
adverse global economic conditions; conservative investment
portfolio; solid capital and liquidity at both the insurance
subsidiary and holding company levels; the company's leadership
position in the U.S. employee benefits market; and increased
diversification. Offsetting these positives are Unum U.K.'s
somewhat stagnant recent results and continued challenges UNM
faces in managing its run-off long-term care book of business,
particularly in the current low interest rate environment.

The Stable Outlook reflects Fitch's belief that while UNM's
premium growth and operating margins continue to be challenged by
the weak economic environment and competitive market conditions,
the company's overall profitability will continue to support the
current rating. Operating margins in UNM's U.S. disability
business have held up better than Fitch's expectations, and they
have favorable relative to the company's peers. The company has
been experiencing an improving trend in the benefit ratio of its
core U.S. group disability income business over the past year and
a half, which has helped support the company's overall
profitability.

While Unum U.K. results have shown deterioration, particularly
within the group life segment, the company has taken steps to
improve results going forward including implementing significant
rate increases and claims management improvements while reducing
its focus on the large case market. Unum U.K. also entered into a
50% coinsurance arrangement effective Jan. 1, 2013 designed to
reduce earnings volatility and capital requirements. While these
measures appear to have halted deterioration in the unit's
operating profitability, persistency has suffered, particularly in
the U.K. group life segment.

During 2013, UNM repurchased $319 million of its shares, down from
$501 million in 2012. Fitch's expectation is that further share
repurchases will be funded through operating earnings to mitigate
the impact on financial leverage and the capitalization of the
operating subsidiaries. Further, Fitch generally views measured
stock repurchase as a more prudent use of capital than
acquisitions or premium growth in a soft rate environment.

UNM's financial leverage was 25% at March 31, 2014. Fitch
considers the company's debt service capacity to be strong for the
rating level with GAAP earnings based interest coverage of 9.5x in
2013. Holding company liquidity, including an intermediate holding
company, totaled $820 million at March 31, 2014. UNM reported
consolidated risk-based capital of its U.S. insurance subsidiaries
403% at Dec. 31, 2013, which is at the high end of management's
near to intermediate term target of 375% - 400%.

Rating Sensitivities

The key rating triggers that could lead to an upgrade include:

-- Improved general economic conditions including a growth in
   employment, salaries and disposable income which enable UNM to
   achieve its long-term target of 5% - 7% annual earnings growth
   on its core operations.

-- GAAP earnings-based interest coverage over 12x and statutory
   maximum allowable dividend coverage of interest expense over
   5x.

-- U.S. risk-based capital ratio above 400% and run-rate financial
   leverage below 20%.

Key rating triggers that could lead to a downgrade include:

-- Deterioration in financial results that includes an increase in
   the U.S. group disability benefit ratio over 87%, GAAP
   earnings-based interest coverage falling below 8x, and
   statutory maximum allowable dividend interest expense coverage
   falling below 3x.

-- Any additional reserve strengthening charges in the near term;

-- Holding company cash falls below management's target of
   approximately 1x fixed charges (interest expense plus common
   stock dividend), or roughly $290 million.

-- U.S. risk-based capital ratio below 350% and financial leverage
   above 25%.

Fitch affirms the following ratings with a Stable Outlook:

Unum Group Inc.

-- Issuer Default Rating (IDR) at 'BBB+';
-- 7.125% senior notes due Sept. 30, 2016 at 'BBB';
-- 7% senior notes due July 15, 2018 at 'BBB';
-- 5.625% senior notes due Sept. 15, 2020 at 'BBB';
-- 4.00% senior notes due March 15, 2024 at BBB;
-- 7.25% senior notes due March 15, 2028 at 'BBB';
-- 6.75% senior notes due Dec. 15, 2028 at 'BBB';
-- 7.375% senior notes due June 15, 2032 at 'BBB'
-- 5.75% senior notes due Aug. 15, 2042 at 'BBB'.

Provident Financing Trust I

-- 7.405% junior subordinated capital securities at 'BB+'.

UnumProvident Finance Company plc,

-- 6.85% senior notes due Nov. 15, 2015 at 'BBB'.

Unum Group members:
Unum Life Insurance Company of America
Provident Life & Accident Insurance Company
Provident Life and Casualty Insurance Company
The Paul Revere Life Insurance Company
The Paul Revere Variable Annuity Insurance Company
First Unum Life Insurance Company
Colonial Life & Accident Insurance Company
--IFS at 'A'.


PRWIRELESS INC: S&P Raises Corporate Credit Rating to 'CCC+'
------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Guaynabo, P.R.-based PRWireless Inc. to 'CCC+'
from 'CCC'.  The outlook is negative.

"The rating on PRWireless incorporates our view of its
'vulnerable' business risk, which reflects its lack of a
sustainable competitive advantage, intense competition in a small
and maturing wireless market, and the characteristically lower
quality of the company's prepaid customer base," said Standard &
Poor's credit analyst Rich Siderman.

The negative outlook reflects the company's the challenge to
rebuild the customer base after the 2012 Lifeline-related customer
losses while facing four much stronger competitors and
intensifying industry pricing pressure.

Liquidity may not be sufficient if the company cannot sustain
customer growth along with no material deterioration ARPU and
churn leading to an EBITDA margin approaching 20%.

A revision of the outlook to stable would require progress beyond
the recent signs of operational stabilization.  The company would
need to achieve and maintain, within what S&P expects to be an
increasingly competitive environment, high-single-digit percent
annual subscriber growth, ARPU in the low to mid-$40 area, and
churn of 5% or less.  That would support improvement in the
adjusted EBITDA margin to at least 30% (around 20% on a reported
basis) and bolster liquidity and be consistent with a stable
outlook.


QUIZNOS: Lawyer Discusses Impact of Bankruptcy to Franchisees
-------------------------------------------------------------
In an article for Blue Mau Mau, Washington D.C.-based franchisee
attorney Mario Herman discuss the impact of Quiznos' Chapter 11
bankruptcy earlier this year to its franchisees.  A full-text copy
of the article is available at http://is.gd/WvGzVJ


SEARS METHODIST: Two More Creditors Appointed to Committee
----------------------------------------------------------
The U.S. Trustee for Region 6 on July 9 appointed two more
creditors of Sears Methodist Retirement System, Inc. to serve on
the official committee of unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) Jennifer J. Young
         Resident of Meadow Lake
         15811 Rolling Green Cove
         Tyler, TX 75703
         Phone: (903) 525-9541
         Cell: (314) 276-7323
         Email: jenniferyoung@jenniferyoungmail.com

     (2) Sysco USAI Inc.
         Jim Beck
         Senior Director Credit Risk Department
         1390 Enclave Parkway
         Houston, TX 77077
         Phone: (281) 815-7320
         Fax: (281) 584-2510
         Email: Beck.james@corp.sysco.com

     (3) Select Medical Inc.
         Burdine Pucylowski
         V.P. of Business Development
         4025 Tampa Road, Suite 1106
         Oldsmar, FL 34677
         Phone: (321) 480-7036
         Fax: (717) 975-9891
         Email: bpucylowski@selectmedical.com

     (4) Joel K. Nail
         Resident of Wesley Court
         6525 Lincolnshire Way
         Abilene, TX 79606
         Phone: 325-690-9724
         Email: Joel.nail@yahoo.com

     (5) McKesson Medical Surgical Inc.
         Melanie Brewer
         Credit Manager
         4345 Southpoint Blvd.
         Jacksonville, FL 32216
         Phone: 904-332-3469
         Fax: 904-332-3223
         Email: mbrewer@pssd.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and
financial affairs.  Importantly, official committees serve as
fiduciaries to the general population of creditors they
represent.

                       About Sears Methodist

As a leading Texas senior living icon established on Christian
principles, Sears Methodist Retirement System Inc. provides
secure, rewarding, and luxurious residency to seniors.  The system
includes: (i) eight senior living communities located in Abilene,
Amarillo, Lubbock, Odessa and Tyler, Texas; (ii) three veterans
homes located in El Paso, McAllen and Big Spring, Texas, managed
by Senior Dimensions, Inc., pursuant to contracts between SDI and
the Veterans Land Board of Texas; and (iii) Texas Senior
Management, Inc. ("TSM"), Senior Living Assurance, Inc. ("SLA")
and Southwest Assurance Company, Ltd. ("SWAC"), which provide, as
applicable, management and insurance services to the System.
Sears Methodist Senior Housing, LLC, is the general partner of,
and controls .01% of the interests in, Canyons Senior Living, L.P.
("CSL").

Sears Methodist and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 14-
32821) on June 10, 2014.  The cases are assigned to Judge Stacey
G. Jernigan.

The Debtors' counsel is Vincent P. Slusher, Esq., and Andrew
Zollinger, Esq., at DLA Piper LLP (US), in Dallas, Texas; and
Thomas R. Califano, Esq., Gabriella L. Zborovsky, Esq., and Jacob
S. Frumkin, Esq., at DLA Piper LLP (US), in New York.  The
Debtors' financial advisor is Alvarez & Marsal Healthcare Industry
Group, LLC, while the Debtors' investment banker is Cain Brothers
& Company, LLC.  The Debtors' notice, claims and solicitation
agent is GCG Inc.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.


SIMPLEXITY LLC: Has Until Oct. 13 to Remove Lawsuits
----------------------------------------------------
U.S. Bankruptcy Judge Kevin Gross has given Simplexity, LLC until
October 13 to file notices of removal of lawsuits to which the
company is or may become party.

The extension would give Simplexity an opportunity to make "more
fully informed" decisions concerning the removal of any lawsuits,
according to the company's lawyer, Justin Duda, Esq., at Young
Conaway Stargatt & Taylor, LLP, in Wilmington, Delaware.

                      About Simplexity

Simplexity, LLC, sought protection under Chapter 11 of the
Bankruptcy Code on March 16, 2014 (Case No. 14-10569, Bankr.
D.Del.).  The case is before Judge Kevin Gross.  The Debtors'
counsel is Kenneth J. Enos, Esq., and Robert S. Brady, Esq., at
Young, Conaway, Stargatt & Taylor, LLP, in Wilmington, Delaware.
Prime Clerk LLC serves as claims and noticing agent.  Simplexity
hired Rutberg & Co. as investment banker.

Simplexity LLC and Simplexity Services LLC both estimated
$10 million to $50 million in assets, and $50 million to $100
million in liabilities.

The U.S. Trustee for Region 3 appointed five members to an
official committee of unsecured creditors.  Peter S. Partee, Sr.,
Esq., and Michael P. Richman, Esq., at Hunton & Williams LLP, in
New York; and Christopher A. Ward, Esq., and Shanti M. Katona,
Esq., at Polsinelli PC, in Wilmington, Delaware, represent the
Committee.


STHI HOLDINGS: Moody's Assigns B2 Rating on New Sr. Secured Debt
----------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to the proposed
senior secured bank debt of STHI Holdings Corporation, the parent
company of Sterigenics Holdings, Inc. (collectively,
"Sterigenics"). Moody's also confirmed STHI's existing ratings
including the B2 Corporate Family rating, the B2-PD Probability of
Default Rating and the B2 rating on the senior secured notes due
2018. The confirmation of the ratings concludes the review for
downgrade initiated on April 1, 2014. The rating outlook is
negative.

The company intends to use the proceeds from the new bank debt
(comprised of a $75 million revolver and a $490 million term loan)
to fund the acquisition of Nordion Inc., a provider and processor
of radioactive isotopes for the global health science market. The
total transaction is valued at approximately US$826 million and
will be funded using a combination of new debt facilities and
Nordion and Sterigenics cash on hand.

The rating actions are as follows, subject to Moody's review of
final documents:

Rating assigned:

First lien senior secured credit facilities -- B2, LGD3

Ratings confirmed:

Corporate Family Rating of B2;

Probability of Default Rating of B2-PD; and

$475 million Senior Secured Notes due 2018, rated B2, LGD 3

Rating outlook: negative

The confirmation of the CFR of B2 recognizes the strategic benefit
of securing a longer-term supply for Cobalt-60, a radioactive
isotope of limited supply sources that is used in Sterigenics'
gamma radiation sterilization business, from Nordion which is
Sterigenics' main existing primary supplier. In addition, the
proforma financial leverage, estimated around 5.5x debt/EBITDA (or
5.0x including full synergy), is lower than initially anticipated
due to the significant cash balance of roughly $388 million on
Nordion's book upon closing that will help fund the transaction in
lieu of debt. The confirmation of B2 also anticipates solid free
cash flow generation in the range of $50-70 million over the next
year, of which a significant portion will be used to pay down debt
in anticipation of future earnings shortfalls from Nordion.

The negative rating outlook, however, incorporates Moody's concern
on the materially increased business risks from the acquisition.
In Moody's opinion, Nordion's business profile is weak due to its
comparatively weak operating margins, earnings volatility,
customer concentration, potential environmental liability from
handling radioactive/hazardous materials, high regulatory scrutiny
and legal risks related to on-going internal investigations. For
these reasons, Sterigenics could face significant integration
risks as it seeks to assimilate Nordion. Further, Nordion's
revenues and earnings are highly susceptible to volatility of some
key raw materials which are in limited supply. For instance, one
of the key risks in the future will arise from the disruption of
supply of Molybdenum-99 (Mo-99), a reactor-based medical isotope.
Nordion depends upon a nuclear reactor operated by Atomic Energy
of Canada Ltd. (AECL) in Chalk River, Ontario, for the supply of
the majority of its Mo-99. However, the Canadian government, which
owns AECL, has stated that it intends to stop producing medical
isotopes from the NRU reactor by 2016. Therefore, the company will
face significant earnings headwinds in 2015 and beyond if it can
not secure alternate supply source and substitute technology in
the near term.

Rating Rationale

The B2 Corporate Family rating is constrained by modest scale,
business concentration in sterilization contracting service and
medical isotopes processing, and significant supplier and customer
concentration. The acquisition of Nordion will increase business
risk for Sterigenics in part due to Nordion's vulnerability to
supply-chain disruptions. Nordion faces earnings erosion over the
next 12-18 months due to supply disruption of Moly-99. At the same
time, Moody's expects that around two-thirds of the combined
company's gross profit will be generated by the legacy
Sterigenics' sterilization business, which is likely to remain
stable and help buffer earnings volatility. Due to anticipated
EBITDA contraction, Moody's expects leverage will remain high in
the range of 5.0x-6.0x debt/EBITDA over the next 12-18 months, a
high level given the company's increased business risk post
acquisition. The rating also reflects the potential for event risk
associated with the highly sensitive nature of the company's raw
materials, including radioactive isotopes and toxic gases.

The B2 rating is supported by Sterigenics' leading position in the
contract sterilization market and Nordion's strong market presence
and long operating experience and expertise in processing medical
isotopes. Both industries have high barriers to entry and customer
switching costs, leading to relatively stable market shares and
long-term relationships with customers, barring customer losses
due to supply uncertainty. Sterigenics' focus on medical device
and food safety markets also supports the rating as these markets
are less sensitive and cyclical in economic downturns. The B2
rating also reflects Moody's expectation for good liquidity, and
the potential for tuck-in acquisitions.

Negative rating pressure would develop if the company experiences
a material reduction of volumes from a significant customer or a
material adverse event related to litigation or business
disruption. In addition, Moody's could downgrade the ratings if
debt/EBITDA is sustained above 5.0 times over a protracted period.
Any significant deterioration in liquidity or challenges in
integrating acquisition could also trigger a downgrade.

Given the small absolute size, high leverage and inherent business
risks, an upgrade is unlikely in the near term. If the company
successfully integrates Nordion, and demonstrate a commitment to
more conservative financial policies such that debt/EBITDA is
sustained below 4.0 times, ratings could be upgraded.

STHI Holding Corporation, the parent company of Sterigenics
Holdings Inc., (collectively, "Sterigenics"), headquartered in Oak
Brook, IL, is a provider of contract sterilization and ionization
services for medical devices, food safety, and advanced materials
applications. Sterigenics is owned by GTCR, a Chicago based
private equity firm. Headquartered in Ottawa, Nordion is a leading
supplier of radioactive isotope products and services used for the
prevention, diagnosis and treatment of disease. Combined,
Sterigenics generated total revenue of $552 million in 2013.

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


TECHPRECISION CORP: Inks Separation Pact with Former Unit Pres.
---------------------------------------------------------------
TechPrecision Corporation, on July 14, entered into a Separation,
Severance and Release Agreement with Bob Francis, who served as
president and general manager of Ranor, Inc., a wholly owned
subsidiary of the Company until June 23, 2014.  The Separation
Agreement amends Mr. Francis' existing employment agreement, dated
Jan. 27, 2012, by and between Ranor and Mr. Francis.  Pursuant to
the Separation Agreement, effective as of June 23, 2014, Mr.
Francis will provide transition services as a consultant to the
Company and the Company will pay Mr. Francis an amount equal to
$19,166 on a monthly basis for three months.  Mr. Francis' other
benefits, including health and medical benefits, under the
Employment Agreement will not be continued past June 23, 2014.

In addition to the compensation arrangements, the Separation
Agreement contains customary provisions relating to
confidentiality, non-competition, and non-disparagement and
includes provisions for a general release of claims.

                        About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly
owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical
Components Co., Ltd., globally manufactures large-scale, metal
fabricated and machined precision components and equipment.

TechPrecision reported a net loss of $7.09 million on $21.06
million of net sales for the year ended March 31, 2014, as
compared with a net loss of $2.41 million on $32.47 million of net
sales for the year ended March 31, 2013.

The Company's balance sheet at March 31, 2014, showed $16.97
million in total assets, $13.44 million in total liabilities and
$3.53 million in total stockholders' equity.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the
year ended March 31, 2013.  The independent auditors noted that
the Company was not in compliance with the fixed charges and
interest coverage financial covenants under their credit facility,
and the Bank has not agreed to waive the non-compliance with the
covenants.  Since the Company is in default, the Bank has the
right to accelerate payment of the debt in full upon 60 days
written notice.  The Company has suffered recurring losses from
operations, and the Company's liquidity may not be sufficient to
meet its debt service requirements as they come due over the next
twelve months.  These circumstances raise substantial doubt about
the Company's ability to continue as a going concern.


TRIPLANET PARTNERS: Balks at Creditor's Dismissal Bid
-----------------------------------------------------
Creditor Benjamin Roberts has requested that Honorable Robert D.
Drain of the Bankruptcy Court for the Southern District of New
York dismiss Triplanet Partners, LLC's Chapter 11 case, or
alternatively, grant him relief from the automatic stay.

The Debtor has filed an objection to Roberts' request.  Prior to
filing its Chapter 11 petition, the Debtor and its management team
were named as defendants in a civil case filed by Roberts in
Connecticut State Court.  Roberts contends that the Debtor has
violated the state wage statute, committed fraud, breached
fiduciary duties, and converted assets of nearly $9 million.
Roberts obtained a Prejudgment Attachment Order against the Debtor
and its managers, and attempted to seize the Debtor's assets. The
Debtor then filed its Chapter 11 Petition in an attempt to
reorganize its business and pay all creditors their proportional
shares of the Debtor's estate.

The Debtor intends to name a Chief Restructuring Officer to act as
its principle decision-maker in its reorganization efforts.
Roberts has opposed the CRO appointment. While Roberts contends
that this case is a two-party dispute and that he is the primary
creditor, in actuality the Debtor has fifteen creditors who hold
more than $32 million in claims against the Debtor.

The Debtor argues that contrary to Roberts' assertions, it did not
file its Chapter 11 case in bad faith, and as a means to re-
litigate the state court action.  The Debtor filed its petition so
that it could attempt to reorganize before Roberts could marshall
all of its assets.  Additionally, the Debtor argues it is not
improperly utilizing Chapter 11.  It is, in fact, using Chapter 11
legitimately in an attempt to reorganize and pay its just debts.
The Debtor points out that the burden is on Roberts to prove bad
faith on the part of the Debtor, and he has failed to do so.

Roberts is represented by Brendan J. O'Rourke, Esq. and Lorey
Rivas Leddy, Esq. at O'Rouke & Associates LLC of New Canaan, CT
and Irve J. Goldman, Esq. at Pullman & Combley LLC of Bridgeport,
CT.

The Debtor is represented by A. Mitchell Greene, Esq. at Robinson,
Brog, Leinwand, Greene, Genovese and Gluck of New York, NY.

A hearing on the dispute was scheduled for July 2nd in White
Plains, NY.

                   About Triplanet Partners LLC

Triplanet Partners LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 14-22643) on May 8, 2014.  Sophien
Bennaceur signed the petition as manager.  The Debtor disclosed
$19,946,560 in assets and $33,663,525 in liabilities.  Arnold
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck, P.C., serves as the Debtor's counsel.  Judge Robert D.
Drain oversees the case.


VERSO PAPER: Debt Exchange Doubt Jeopardizes Newpage Merger
-----------------------------------------------------------
Jamie Mason, writing for The Deal, reported that Verso Paper Corp.
is hoping that the third time is the charm for completion of a new
sweetened debt exchange offer tied to its $1.4 billion merger with
rival NewPage Holdings Inc., but sources with knowledge of the
situation are not as optimistic.  According to the report, the
Apollo Global Management LLC-backed paper producer, based in
Memphis, said that it has received support from the holders of
$286.9 million in 8.75% second-lien senior secured notes due Feb.
1, 2019, and $17.7 million of its 11.375% senior subordinated
notes due Aug. 1, 2016, for the new exchange offer, by the early
tender deadline.  The exchange offer expires on July 30, the
report related.

The company owes $396 million on the second-lien notes and $142.5
million on the senior subordinated notes, meaning that so far it
has 72.4% and 12.4% participation, respectively, falling short of
the 75% requirement for each group to complete the exchange, the
report noted.

                         *     *     *

The Troubled Company Reporter, on July 10, 2014, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Memphis, Tenn.-based Verso Paper Holdings LLC to 'CC'
from 'CCC'.  The outlook is negative.

Moody's Investors Service, in June 2014, downgraded Verso Paper's
corporate family rating (CFR) to Caa3 from B3 and probability of
default rating (PDR) to Caa3-PD from Caa2-PD. Verso's liquidity
rating was also lowered to SGL-4 from SGL-3. At the same time,
Moody's lowered the ratings on Verso's $150 million asset based
revolving loan (ABL) to B2 (LGD1 4%) from Ba3 (LGD1 4%), the $50
million revolving credit facility and the $418 million senior
secured notes due 2019 rating to Caa1 (LGD2 25%) from Ba3 (LGD2
24%), the $272 million secured notes due 2019 to Caa3 (LGD4 55%)
from B3 (LGD4 54%), the $396 million fixed rate second-lien notes
to Ca (LGD5 78%) from Caa3 (LGD5 79%), the $13 million floating
rate second-lien notes due 2014 to Ca (LGD6 91%) from Caa2 (LGD5
79%) and the $143 million subordinated notes to Ca (LGD6 94%) from
Caa3 (LGD6 94%). All of the company's ratings remain under review
with direction uncertain. The rating action reflects Moody's view
that the announced agreement to acquire NewPage Corporation
(NewPage, B1, under review for downgrade) is becoming less likely
to occur as the Department of Justice continues its review, and as
Verso has been unsuccessful in its distressed exchange offer
that's a prerequisite of the acquisition. Therefore, the potential
for a higher CFR of the merged company is waning. "We believe it
very likely that Verso will default on its debt within the next
year, either via a distressed exchange as part of its attempt to
acquire NewPage, or via a filing if it fails to acquire NewPage",
said Ed Sustar, Moody's lead analyst for Verso.


VIKING CRUISES: S&P Affirms 'B+' CCR & Revises Outlook to Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Viking Cruises Ltd. and revised the rating
outlook to stable from negative.

At the same time, S&P affirmed its 'B+' issue-level rating on
Viking's increased aggregate senior unsecured 8.5% notes due 2022,
including the proposed add-on (the amount of which is subject to
change depending on market pricing), and S&P revised the recovery
rating on the notes to '4' from '3'.  The '4' recovery rating on
the senior notes indicates S&P's expectations for average (30% to
50%) recovery for lenders in the event of a payment default.

"While we have increased our estimate of Viking's enterprise value
due to the company's significant planned fleet expansion, the
greater amount of secured borrowings to fund multiple future
longship deliveries and the proposed senior notes add-on result in
lower recovery prospects for the senior notes," said Standard &
Poor's credit analyst Shivani Sood.

The outlook revision to stable from negative reflects Standard &
Poor's expectation for strong EBITDA growth through 2015,
primarily from successful absorption of significant new longship
capacity, as well as S&P's belief that a future debt-financed
dividend is unlikely over the next few years.


VISUALANT INC: Borrows $300,000 From CEO
----------------------------------------
Visualant, Inc., on July 17, 2014, entered into a Demand
Promissory Note for $300,000 with Mr. Ronald Erickson, the
Company's chief executive officer and entities in which Mr.
Erickson has a beneficial interest.  The July 17 Note provides for
interest of 3 percent per annum and is due Sept. 30, 2014.  The
Note provides for a second lien on company assets if not repaid by
Sept. 30, 2014, or converted into convertible debentures or equity
on terms acceptable to the Holder.  The Company has borrowed
$275,000 under this Note as of July 17, 2014.

On July 17, 2014, the Company entered into an Amendment to Demand
Promissory Note dated March 31, 2014, with Mr. Erickson and
entities in which Mr. Erickson has a beneficial interest.  The
Amendment to Demand Promissory Note for $300,000 extended the due
date of this from June 30, 2014, to Sept. 30, 2014.  The Note
provides for interest of 3% per annum and provides for a second
lien on company assets if not repaid by Sept. 30, 2014, or
converted into convertible debentures or equity on terms
acceptable to the Holder.

On July 17, 2014, the Company entered into an Amendment 2 to the
Demand Promissory Note dated Jan. 10, 2014, and as Amended on
March 31, 2014, with Mr. Erickson and entities in which Mr.
Erickson has a beneficial interest. The Amendment 2 to the Demand
Promissory Note for $200,000 extended the due date from June 30,
2014, to Sept. 30, 2014.  The Note provides for interest of 3% per
annum and provides for a second lien on company assets if not
repaid by Sept. 30, 2014, or converted into convertible debentures
or equity on terms acceptable to the Holder.

                        About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant incurred a net loss of $6.60 million for the year ended
Sept. 30, 2013, as compared with a net loss of $2.72 million for
the year ended Sept. 30, 2012.  As of March 31, 2014, the Company
had $3.48 million in total assets, $8.76 million in total
liabilities, $69,604 in noncontrolling interest and a $5.34
million total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company has sustained a net loss from operations and has
an accumulated deficit since inception.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


WAFER BIO-SYSTEMS: Appoints Ivan Trifunovich as Board Chairman
--------------------------------------------------------------
WaferGen Bio-systems, Inc., disclosed that its Board of Directors
has appointed Ivan Trifunovich, the company's president and chief
executive officer, as Chairman of the Board.  Joel Kanter, a
director of the company since 2007, will serve as lead independent
director.  Alnoor Shivji, the company's Chairman since 2002,
resigned from the board to focus full time on a new startup
venture.

"I would like to thank Alnoor for his service to WaferGen while it
grew from a start-up to a public company with commercially viable
products.  Speaking for the whole Board, I wish him success in his
future endeavors," commented Ivan Trifunovich, president and chief
executive officer.

Effective July 17, 2014, the Investors affiliated with Great Point
Partners, LLC, party to the Exchange Agreement with WaferGen Bio-
systems, Inc., dated as of Aug. 27, 2013, executed a waiver letter
pursuant to which those Investors unconditionally, permanently and
irrevocably waived their rights under the Exchange Agreement to
designate two individuals to serve on the Company's board of
directors.

                   Form S-1 Prospectus Amendment

WaferGen Bio-Systems amended its registration statement relating
to the offering of $20,000,000 of units, each unit consisting of
one share of common stock and a warrant to purchase [*] shares of
the Company's common stock at a public offering price of $[*] per
unit.  Each warrant entitles its holder to purchase one share of
common stock at an exercise price of $[*].  The unit, share and
warrant numbers, and the related prices, reflect a one-for-ten (1-
for-10) reverse stock split which occurred on June 30, 2014.

The underwriters have the option to purchase up to (i) [*]
additional shares of common stock, or (ii) additional warrants to
purchase up to [*] additional shares of common stock solely to
cover over-allotments, if any, at the price to the public less the
underwriting discounts and commissions.  The over-allotment option
may be used to purchase shares of common stock, or warrants, or
any combination thereof, as determined by the underwriters, but
those purchases cannot exceed an aggregate of 15% of the number of
shares of common stock and warrants sold in the primary offering.

The Company's common stock is currently traded on the OTCQB under
the symbol "WGBSD."  The added "D" remains for 20 business days
following the one-for-ten (1-for-10) reverse stock split which
occurred on June 30, 2014, following which the Company's trading
symbol will revert back to "WGBS."  On July 16, 2014, the closing
price of the Company's common stock was $25.00 per share.  The
Company has applied for listing of its common stock on the Nasdaq
Capital Market under the symbol "WGBS," which listing the Company
expects to occur upon consummation of this offering.

A full-text copy of the preliminary prospectus is available for
free at http://is.gd/DXXZoH

                    About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen reported a net loss attributable to common stockholders
of $17.71 million in 2013, following a net loss attributable to
common stockholders of $8.97 million in 2012.  The Company's
balance sheet at March 31, 2014, showed $11.75 million in total
assets, $9.33 million in total liabilities and $2.42 million in
total stockholders' equity.

SingerLewak LLP, in San Jose, California, issued a "going concern"
qualification on the consoliated financial statements for the year
ended Dec. 31, 2013.  The independent auditors noted that the
Company has incurred operating losses and negative cash flows from
operating activities since inception which raise substantial doubt
about the Company's ability to continue as a going concern.


WEX INC: S&P Lowers ICR to 'BB-' on Higher Leverage
---------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
issuer credit rating on South Portland, Maine-based WEX Inc. to
'BB-' from 'BB'.  S&P also removed the rating from CreditWatch,
where it placed it with negative implications on June 17, 2014.
The outlook is stable.  At the same time, S&P lowered its ratings
on the company's senior secured and senior unsecured notes to
'BB-' from 'BB' and removed the ratings from CreditWatch negative.

The rating actions follow WEX's announcement that it has acquired
Evolution1, a payments solution provider in the health care
industry, for approximately $532.5 million.  The company financed
the acquisition with a combination of cash and borrowings under
its $700 million revolving credit facility.

"Although we have incorporated WEX's propensity for making debt-
financed acquisitions into our assessment, the Evolution1
acquisition is larger than we had expected," said Standard &
Poor's credit analyst Igor Koyfman.  "It also follows the
company's previously announced plans to acquire the assets of
ExxonMobil's European commercial fuel card program, Esso Card,
through a majority-owned joint venture."  That transaction is
expected to close in fourth-quarter 2014 or first-quarter 2015.

S&P expects WEX's leverage, as measured by debt to EBITDA, to rise
to 3.5x-4.0x as a result of the Evolution1 and Esso Card
acquisitions from 2.0x in the most recent quarter and at the end
of 2013.  (S&P excludes bank deposits, but include securitizations
in our calculation of debt.)

Positively, the acquisitions will provide further product mix and
geographic diversification.  However, the integration and future
realization of synergies will present operational and financial
risks.

"The stable outlook reflects our expectation that WEX will
maintain its strong operating performance and successfully
integrate Evolution1, as well as maintain leverage of 3.0x-4.0x
over the next year," said Mr. Koyfman.

S&P could raise the rating if we expect debt to EBITDA to fall
below 3.0x and remain there.  A higher rating would also depend on
the company's ability to successfully integrate its acquisitions
and maintain strong profit margins.  S&P may lower the rating if
it expects the company's leverage to rise above 4.0x as a result
of a deterioration in EBITDA or a significant rise in debt.


XZERES CORP: Reports 12.4% Equity Stake
---------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Ravago Holdings America Inc. disclosed that
as of Dec. 17, 2013, it beneficially owned 5,370,560 shares of
common stock of Xzeres Corp. representing 12.38 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at http://is.gd/r42p7M

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

XZERES reported a net loss of $9.49 million for the year ended
Feb. 28, 2014, as compared with a net loss of $7.59 million for
the year ended Feb. 28, 2013.

The Company's balance sheet at May 31, 2014, showed $6.80 million
in total assets, $14.43 million in total liabilities and a $7.63
million total stockholders' deficit.

Silberstein Ungar, PLLC, in Bingham Farms, Michigan, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that  the Company has incurred losses from
operations, has negative working capital, and is in need of
additional capital to grow its operations so that it can become
profitable.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


YSC INC: Files Second Amended Disclosure Statement
--------------------------------------------------
YSC Inc. has filed a second amended disclosure statement in
support of its reorganization plan dated June 27, 2014, with the
Bankruptcy Court for the Western District of Washington.

The Debtor has received a purchase and sale agreement
for the Comfort Inn in Federal Way, Wash., and has based its plan
around sale of that property and continued operations of the
Ramada Inn.  Chan and Sang Yim, the owners, have also filed a
personal bankruptcy and will file a congruent plan of
reorganization in that case.  Through these plans Debtor and the
Yims believe they can propose a feasible structure to repay
creditors.  Under the Plan, only the Class 1 claims are
unimpaired.

The Debtor's Comfort Inn is subject to a purchase and sale
agreement for $7,500,000 and may receive additional offers from
other potential buyers.  The Debtor has filed a separate motion to
approve the sale of its personal property wherein the court may
approve the highest and best purchase and sale agreement.  In the
interim, the Debtor will continue to operate the Comfort Inn and
make payments from the revenue until the sale closes.  The Debtor
will also continue to operate the Ramada Inn throughout the period
of the plan, and will fund the plan from the revenue until the
Ramada Inn is sold or refinanced.

The classification and treatment of claims under the plan are:

A. Class 1 (Administrative Claims) which is unimpaired and will be
   paid on the effective date of the plan or through its pro-rata
   share with Class Twelve of the initial plan payments of $2,000
   per month until the allowed claims are paid in full.

B. Class Two (Wilshire Bank) holds the third deed of trust on the
   Comfort Inn property and is owed $2,866,067 as of the petition
   date.  Contractual monthly payments to Classes 2 will continue
   until the Comfort Inn sale closes, at which point the Class 2's
   allowed claims for liens on the Comfort Inn will be paid in
   full from the sale proceeds.

C. Class 3 (U.S. Small Business Administration) holds the second
   deed of trust on the Comfort Inn property and owed is owed
   $1,530,000.  Contractual monthly payments to Classes 3 shall
   continue until the Comfort Inn sale closes, at which point the
   Class 3's allowed claims for its liens on the Comfort Inn will
   be paid in full from the sale proceeds.

D. Class 4 (Whidbey Island Bank) holds the third deed of trust on
   the Comfort Inn property is owed $13,261,564.20.  The Debtor
   estimates that Class Four will receive approximately
   $1,761,420.24 and will pay the remaining balance of
   $11,500,143.96 on a 30-year amortization at 6.25% interest,
   which results in monthly payments of $70,808.36, over 5 years
   from the operating revenue of the Ramada Inn.  In addition, the
   Debtor will review its receipts on a yearly basis and will pay
   over to Whidbey Island Bank funds received and deposited into
   its bank account in excess of $200,000.

E. Class 5 (King County) will be paid from the sale proceeds.

F. Class 6 (Thurston County) is owed pre-petition personal
   property taxes of $2,537.07 and will be paid as due.

G. Class 7 (Thurston County) is owed $277,101.99 in real estate
   tax arrears. Class 7 will be paid as they come due.  The tax
   lien will be paid through monthly payments of $7,500, which is
   estimated to result in full repayment within five years of the
   petition date.

G. Class 8 (Great American Financial Services Corporation) is owed
   $8,405.20 per the proof of claim filed and will continue to
   receive monthly payments pursuant to contract as they come due.

H. Class 9 (Persona) is owed approximately $18,424 and will
   continue to receive monthly payments pursuant to contract as
   they come due.

I. Class 10 (Marlin Business Bank) is owed $6,493.42 as of the
   petition date and will continue to receive monthly payments
   pursuant to contract as they come due.

J. Class 11 (Wyndham/Ramada Worldwide Inc.) is owed approximately
   $92,633.90 in arrears.  The Debtor will pay the ongoing
   franchise license fee to Class 10 as it becomes due each month
   pursuant to contract, and will pay an additional $10,000 by
   September 1st of each year on the past-due amount until Class
   11 is brought current.

K. Class 12 (Choice Hotels International, Inc.) filed a proof of
   claim based on potential liquidated damages if the contract is
   rejected, not an actual balance owing.  The Debtor will pay
   its monthly franchise fees as due pursuant to the franchise
   agreement until the Comfort Inn is sold.  Upon sale, any
   outstanding franchise fees incurred for the month in which sale
   occurs will be paid at closing.

L. Class 13 (US Foods, Inc.) is owed $102.71 as a general, non-
   priority claim.  The creditor will be paid in full through its
   pro-rata share of the monthly plan payments of $2,000, to be
   shared with Class One's allowed claims

M. Class 14 (General unsecured creditors) are owed $506,560.52
   and will receive full payment without interest.  Class 14
   will receive the monthly plan payment of $2,000 following full
   payment to Classes 1, 6 and 13.  The payments will be
   distributed on a pro-rata basis amongst allowed Class 14
   claims.  If the Ramada Inn is sold, the remaining balances owed
   to allowed Class 14 claimholders will be paid in full from the
   sale proceeds.  If a refinance occurs, the Debtor will
   continue making monthly payments of $2,000 until Class 14 is
   paid in full.

N. Class 15 consists of the equity interests of Sang Il Yim and
   Chan Sook Yim and will retain their interest in the Debtor.
   The Yims will not receive a distribution from the sale proceeds
   of the Comfort Inn and would only receive a distribution from
   the sale of the Ramada Inn after Classes 1 through 14 are paid.

If the Ramada Inn is sold, any remaining balances owing to Classes
8, 9 and 10 will be paid from the sale proceeds.  If a refinance
occurs, the Debtor will continue making payment to Classes 8, 9,
and 10 pursuant to contract.

A copy of the disclosure statement is available for free at:

            http://bankrupt.com/misc/YSCINC_116_2ds.pdf

                          About YSC Inc.

YSC Inc., owner of a Comfort Inn in Federal Way, Washington, and a
Ramada Inn in Olympia, Washington, filed a petition for Chapter 11
protection (Bankr. W.D. Wash. Case No. 13-17946) on Aug. 30, 2013,
in Seattle.

The owner listed the hotels as worth $17.9 million.  Total debt is
$18.5 million, including $18 million in secured debt.  Among
mortgage holders, Whidbey Island Bank is owed $13.3 million.

Bankruptcy Judge Marc L. Barreca presides over the case.  Wells
and Jarvis, P.S., serves as YSC's counsel.

Scott Hutchison, Esq., represents Whidbey Island Bank.

YSC's principals Sang Kil Yim and Chan Sook Yim filed for personal
Chapter 11 bankruptcy (Case No. 14-10897).


* Republicans Take Issue With Big Bank Living Wills
---------------------------------------------------
Ronald Orol, writing for The Deal, reported that top Republicans
at three U.S. federal agencies took issue with the way bank
regulators have been handling so-called living wills, which are
the plans that large financial institutions must set up as guides
to explain how they would dismantle themselves if they failed.

According to the report, lawmakers and regulators initially sought
the wills as part of an effort to force financial institutions to
structure themselves in a way that would limit the kind of
collateral damage the global markets felt after Lehman Bros. filed
for Chapter 11 bankruptcy in 2008.  Large financial institutions
are required to submit their plans to the Federal Reserve and
Federal Deposit Insurance Corp., and so far, the biggest banks
have submitted three sets of wills, including public and
confidential sections, the report related.


* Mike Wyse Joins Donlin, Recano & Company as Executive Director
----------------------------------------------------------------
Donlin, Recano & Company, Inc., an affiliate of American Stock
Transfer & Trust Company, LLC (AST), on July 17 disclosed that
Mike Wyse has joined the firm as Executive Director.  Mr. Wyse
will be based in Donlin Recano's headquarters in New York and will
oversee new business development initiatives for the company.

"I am honored to be part of such an esteemed team of
professionals," noted Mr. Wyse.  "I look forward to playing a
major role in the continued growth of this dynamic brand known for
its commitment to quality and superior client
experience."

With nearly 15 years of business experience specializing in
turnarounds and restructurings, Mr. Wyse has vast knowledge in all
facets of the bankruptcy, business analytics and valuation
processes across various industries.  Prior to assuming his role
with Donlin Recano, Mr. Wyse worked at Zolfo Cooper and most
recently at Great American Group where he developed comprehensive
solutions to support clients with complex situations.  He has
represented numerous clients throughout the years and assisted in
some of the most successful bankruptcy cases.  Mr. Wyse is a
Certified Insolvency & Restructuring Advisor and a member of the
Association of Insolvency and Restructuring Advisors, the
Turnaround Management Association, American Bankruptcy Institute,
Association for Corporate Growth and the New York Institute of
Credit.

"It is with great pleasure that I welcome Mike to our team,"
commented Alexander Leventhal, CEO of Donlin Recano.  "He shares
our core values and is an ideal fit as we continue to grow our
business."

               About Donlin, Recano & Company, Inc.

Founded in 1989, Donlin, Recano & Company is a bankruptcy
administration company that has served over 200 national clients
across a broad range of industries and business sectors.  Working
with counsel, turnaround advisors and the affected company, Donlin
Recano helps organize and guide Chapter 11 clients through
required bankruptcy tasks, including provision of creditor
notification, website-accessible information, formation of
professional call centers, management of claims, balloting,
distribution and other administrative services.

                            About AST

AST and its affiliates in the Link Group network are providers of
registry services and technology to financial market participants
around the globe.  AST and its affiliate, CST Trust Company (CST),
form the North American division of the Link Group.  Together AST
and CST provide comprehensive stock transfer and employee plan
services to more than 8,000 public issues and over 5.5 million
shareholders.  The division serves clients located throughout
North America and in over 22 foreign countries, ranging in size
from initial public offerings to Fortune 100 companies.


* BOND PRICING: For the Week From July 14 to 18, 2014
-----------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
Advanta Capital
  Trust I               ADVNA     8.99         6     12/17/2026
Alion Science &
  Technology Corp       ALISCI   10.25    75.341       2/1/2015
Allen Systems
  Group Inc             ALLSYS    10.5    50.375     11/15/2016
Allen Systems
  Group Inc             ALLSYS    10.5      52.5     11/15/2016
Brookstone Co Inc       BKST        13     38.25     10/15/2014
Brookstone Co Inc       BKST        13        45     10/15/2014
Brookstone Co Inc       BKST        13    38.125     10/15/2014
Buffalo Thunder
  Development
  Authority             BUFLO    9.375      41.5     12/15/2014
Caesars Entertainment
  Operating Co Inc      CZR         10      34.4     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      10.75    66.274       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      12.75      40.5      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR         10      38.5     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR         10      35.5     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR         10    38.625     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR         10    38.625     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR         10      35.5     12/15/2018
Champion
  Enterprises Inc       CHB       2.75      0.25      11/1/2037
Endeavour
  International Corp    END        5.5      47.5      7/15/2016
Energy Conversion
  Devices Inc           ENER         3     0.125      6/15/2013
Energy Future
  Competitive
  Holdings Co LLC       TXU      8.175         1      1/30/2037
Energy Future
  Holdings Corp         TXU       5.55        78     11/15/2014
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU         10        10      12/1/2020
FairPoint
  Communications
  Inc/Old               FRP     13.125         1       4/2/2018
Global Geophysical
  Services Inc          GGS       10.5     48.25       5/1/2017
Global Geophysical
  Services Inc          GGS       10.5     33.75       5/1/2017
James River Coal Co     JRCC     7.875      12.5       4/1/2019
James River Coal Co     JRCC        10      6.75       6/1/2018
James River Coal Co     JRCC       4.5         7      12/1/2015
James River Coal Co     JRCC        10        11       6/1/2018
James River Coal Co     JRCC     3.125     1.875      3/15/2018
LBI Media Inc           LBIMED     8.5        30       8/1/2017
Las Vegas Monorail Co   LASVMC     5.5        10      7/15/2019
Lehman Brothers Inc     LEH        7.5      13.5       8/1/2026
MF Global Holdings Ltd  MF        6.25      45.5       8/8/2016
MF Global Holdings Ltd  MF       1.875      44.5       2/1/2016
MModal Inc              MODL     10.75    10.375      8/15/2020
MModal Inc              MODL     10.75    10.125      8/15/2020
Momentive Performance
  Materials Inc         MOMENT    11.5        30      12/1/2016
Motors Liquidation Co   MTLQQ      7.2     11.25      1/15/2011
Motors Liquidation Co   MTLQQ     6.75     11.25       5/1/2028
Motors Liquidation Co   MTLQQ    7.375     11.25      5/23/2048
NII Capital Corp        NIHD        10     29.75      8/15/2016
OnCure Holdings Inc     RTSX     11.75    48.875      5/15/2017
Platinum Energy
  Solutions Inc         PLATEN   14.25     74.75       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN   14.25     74.75       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN   14.25     74.75       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN   14.25     74.75       3/1/2015
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Pulse
  Electronics Corp      PULS         7     75.22     12/15/2014
TMST Inc                THMR         8        13      5/15/2013
Terrestar
  Networks Inc          TSTR       6.5        10      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU      10.25     15.25      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU      10.25     15.25      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU       10.5        12      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU      10.25     15.25      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU       10.5    14.625      11/1/2016
Tunica-Biloxi
  Gaming Authority      PAGON        9     60.75     11/15/2015
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375     51.45       8/1/2016
WCI Finance LLC /
  WEA Finance LLC       WDCAU      5.7   112.633      10/1/2016
WEA Finance LLC /
  WT Finance Aust
  Pty Ltd               WDCAU     6.75   124.538       9/2/2019
WEA Finance LLC /
  WT Finance Aust
  Pty Ltd               WDCAU     6.75   121.337       9/2/2019
WEA Finance LLC /
  WT Finance Aust
  Pty Ltd               WDCAU     5.75   105.341       9/2/2015
Western Express Inc     WSTEXP    12.5     82.25      4/15/2015
Western Express Inc     WSTEXP    12.5        81      4/15/2015



                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com 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.

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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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