TCR_Public/140724.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, July 24, 2014, Vol. 18, No. 204

                            Headlines

ACG CREDIT: U.S. Trustee to Hold Section 341(a) Meeting July 25
AEROGROW INTERNATIONAL: Finalizes $4.5-Mil. Loan from Scotts
AGFEED INDUSTRIES: Disclosure Statement Hearing on Aug. 21
AGFEED INDUSTRIES: Wants Solicitation Period Extended to Dec. 2
AK STEEL: Severstal Assets Deal No Impact on Moody's B3 CFR

ALLIED SYSTEMS: Yucaipa Wants Black Diamond, Spectrum Subordinated
ALLY FINANCIAL: Debentures Delisted from NYSE
AMERICAN APPAREL: Names New Board to Resolve Leadership Crisis
AMSTERDAM HOUSE: Case Summary & 20 Largest Unsecured Creditors
ANACOR PHARMACEUTICALS: Signs Distribution Agreement with Sandoz

ARI-RC: Exclusive Solicitation Period Extended Until Oct. 4
ARI-RC: Has Until Aug. 31 to Access U.S. Bank's Cash Collateral
BANCO CRUZEIRO: Judge Approves Ch. 15 Protection
BELMONT PLAZA: Case Summary & 2 Largest Unsecured Creditors
BIOHEALTH COLLEGE: In Fin'l Monitoring Status After Bankruptcy

BOSTON PROPERTIES: Fitch Hikes $200MM Pref. Stock Rating From BB+
BUCCANEER ENERGY: U.S. Trustee Appoints Creditors' Committee
CASELLA WASTE: S&P Raises Rating on $325MM Sub. Notes to 'CCC+'
CBS OUTDOOR: Van Wagner Deal No Impact on Moody's 'Ba3' CFR
CCM MERGER: Moody's Rates $510MM Sr. Secured Credit Facilities B2

CIT GROUP: Moody's Reviews Ba3 Unsec. Debt Rating for Downgrade
CLOUDEEVA INC: Files for Ch. 11 Amid Lawsuit vs. Merger Partner
CLOUDEEVA INC: Seeks Approval of Prestige Factoring Agreement
CLOUDEEVA INC: Proposes to Pay $1.45-Mil. to Critical Vendors
CLOUDEEVA INC: Taps KCC as Claims and Noticing Agent

COLONIAL BANK: PwC Can't Duck FDIC Negligence Claims Over Fraud
COMPLETE CHILD: Case Summary & 18 Largest Unsecured Creditors
COMPRESSCO PARTNERS: Moody's Rates $350MM Sr. Unsecured Notes B2
CONAGRA FOODS: Fitch Rates Subordinated Notes 'BB+'
CORNERSTONE HOMES: July 31 Hearing on Bid to Sell 2 NY Properties

CRUMBS BAKE SHOP: Lemonis Fischer to Acquire Company's Business
CRUMBS BAKE SHOP: Reynolds Reports 6.33% Equity Stake
CSM BAKERY: Moody's Affirms B2 Corp. Family Rating; Outlook Neg.
DETROIT, MI: Hedge Funds Bet $745M on Kilpatrick Debt
DETROIT, MI: Rapped for Disclosing Sensitive Creditor Docs

DIAMONDBACK ENERGY: Moody's Hikes Corp. Family Rating to B2
DOLAN CO: Gets Court Approval to Remove Lawsuits Until Oct. 19
DOLAN CO: Settles Dispute With Nantahala Over Stock Acquisition
DOLAN CO: Court Orders Reallocation of Proceeds from Equity Trust
ELBIT IMAGING: Unit's Debt Restructuring Plan Declared Effective

ENERGY FUTURE: 2nd Lien Settlement Expiration Date Extended
ESTATE FINANCIAL: Gets Court Nod to Sell Interest in Tract 2162
EWGS INTERMEDIARY: First Amended Liquidation Plan Confirmed
EXIDE TECHNOLOGIES: Committee Balks at Bid for Extra DIP Loan
F&H ACQUISITION: Seeks 3 More Months to Propose Chapter 11 Plan

FISHERS CONFERENCE: Files Bankruptcy to Avoid Foreclosure
FREEDOM INDUSTRIES: Asks Court to Approve AIG Insurance Accord
FURNITURE BRANDS: To Suspend SEC Reporting After Effective Date
GENCO SHIPPING: P. Georgiopoulos Owns Less Than 1% Equity Stake
GENCO SHIPPING: Jeffrey Aronson Reports 34.4% Equity Stake

GENCO SHIPPING: Oct. 20 Set as Government Claims Bar Date
GENERAL MOTORS: To Recall Additional 717,950 Vehicles
GORDON PROPERTIES: Court to Continue Plan Hearing Sept. 29
HDGM ADVISORY: Court Establishes Aug. 13 as Claims Bar Date
HOUSTON REGIONAL: Teams Want Potential Buyers Kept Secret

HOUSTON REGIONAL: Buyer Still Unnamed; Status Hearing on Aug. 7
IBAHN CORP: Asks Court to Extend Removal Decision Deadline
INTERFAITH MEDICAL: Caldwell Appeals Plan Confirmation
INTERFAITH MEDICAL: UST Withdraws Motion for Ch.11 Trustee
INTERNATIONAL FOREIGN: Nails $18.5M Deal With CEO

IRISH BANK: Seeks Nod to Sell Tampa Mall Lease to Lightning Owner
KEEN EQUITIES: Aug. 6 Hearing to Approve Postpetition Financing
KEEN EQUITIES: Sept. 5 Established as Claims Bar Date
KEHE DISTRIBUTORS: Moody's Affirms B2 Corporate Family Rating
KID BRANDS: Restructuring of Operations Planned

KINDRED HEALTHCARE: Moody's Keeps CFR Over Increased Gentiva Bid
LIGHTSQUARED INC: Gets Approval of SunTrust Credit Card Program
LAKELAND INDUSTRIES: WeiserMazars Hired as New Accountant
LONGVIEW POWER: Has Bonus Approval Tied to New Plan
LANGTREE VENTURES: Medical Office Bldgs to Be Sold July 31

LOVE CULTURE: Has Interim Authority to Obtain DIP Loan from Salus
LOVE CULTURE: To Conduct Store-Closing Sales
LOVE CULTURE: Will Reject Store Leases
LOVE CULTURE: Has Until Aug. 30 to File Schedules
LOVE CULTURE: Can Employ Epiq as Claims & Noticing Agent

MAVILLE INTERIORS: Painting Contractor Files Ch.11 in Phoenix
MEGA RV CORP: U.S. Trustee Appoints Creditors' Committee
MF GLOBAL: $100M in Settlements OK'd in Metal Manipulation Case
MISSION NEW ENERGY: Unit Awarded $3MM in Indonesian Arbitration
MONARCH COMMUNITY: Regulators Terminate Consent Order

NATCHEZ REGIONAL: Community Health Systems to Acquire Assets
NATROL INC: Committee Taps Carl Marx as Financial Advisors
NATROL INC: July 30 Hearing on Cerberus Bid for Ch.11 Trustee
NOVA HOSPITALITY: Case Summary & Largest Unsecured Creditor
OPTIM ENERGY: Energy Future Ends Bid for Power Plant

PAYCOM SOFTWARE: Covenant Trip Overshadows Sales Growth
PLATFORM SPECIALTY: Mood's Affirms B1 CFR on $405MM Debt Funding
PLATFORM SPECIALTY: S&P Raises CCR to 'BB' & Removes From Watch
PSL NORTH AMERICA: Asks Court to Extend Time to File Schedules
PSL NORTH AMERICA: U.S. Trustee Unable to Form Creditors Committee

PUERTO RICO: Utility May Default on January Interest Payment
PULSE ELECTRONICS: Appoints Interim CEO and Chairman
QUANTUM FOODS: Committee Wants Standing to Pursue Claims
QUANTUM FOODS: Court Enforces APA and Allows Access to Facilities
REGENCY ENERGY: Fitch Rates Proposed $500MM Unsecured Notes 'BB'

REGENCY ENERGY: Moody's Rates New Senior Unsecured Notes 'Ba3'
REGENCY ENERGY: S&P Rates $500MM Sr. Unsecured Notes 'BB'
RIVER TERRACE: Case Summary & 20 Largest Unsecured Creditors
ROOSTER ENERGY: Moody's Assigns Caa1 CFR & Rates $100MM Notes Caa1
ROOSTER ENERGY: S&P Assigns CCC+ CCR & Rates $100MM Notes CCC+

SEARS METHODIST: UST Seeks to Appoint Patient Care Ombudsman
SINO-FOREST CORP: Former CFO Inks Deal With Canadian Regulators
SNOHOMISH COUNTY HOSP: Moody's Affirms 'B1' LTGO Bonds Rating
SONJA MORGAN: Selling Manhattan Home for $7.8 Million
STEEL DYNAMICS: Severstal Deal No Impact on Moody's 'Ba1' CFR

TARSIN INC: Empire Film Group to Acquire Business
TEEKAY CORP: Moody's Affirms 'B1' CFR & 'B2' Sr. Secured Rating
TESORO LOGISTICS: Moody's Raises Corporate Family Rating to Ba2
TLFO LLC: Asks Court to Approve Settlement with Pruco Insurance
UNIVERSAL COOPERATIVES: Finds Buyer for Bridon Heritage Units

UNIVERSAL HEALTH: Standstill Agreement Approved
WOODSIDE HOMES: Fitch Affirms 'B' IDR; Outlook Stable
YOOSTAR ENTERTAINMENT: Patents, Other Assets to Be Sold Aug. 14
ZHEJIANG TOPOINT: Seeks U.S. Recognition of Chinese Bankruptcy
ZHEJIANG TOPOINT: Seeks Joint Administration in U.S. Court

* Appellate Panel Allows Lien Stripping in Chapter 20
* Atty, Ignored by Plaintiff, Wants Out of Malpractice Suit
* Case Against Chase for Flawed Credit Reporting Heads for Trial
* Dismissal of Chapter 13 Revests Unscheduled Lawsuit
* Lawyer Called 'Sociopath' Seeks Judge's Full Recusal

* Argentina Debt-Dispute Mediator Postpones Meeting

* Laurie Joins Sitrick as Global Restructuring Practice Head

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


ACG CREDIT: U.S. Trustee to Hold Section 341(a) Meeting July 25
---------------------------------------------------------------
The U.S. Trustee for Region 3 is set to hold a meeting of
creditors of ACG Credit Company II, LLC on July 25, 2014, at 1:30
p.m..

The meeting will be held at Room 2112, 2nd Floor, J. Caleb Boggs
Federal Building, 844 King Street, in Wilmington, Delaware.

ACG Credit's representative is required to appear at the meeting
of creditors for the purpose of being examined under oath.

Attendance by creditors at the meeting is welcomed but not
required. At the meeting, the creditors may examine the company
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 ACG Credit Company II

New York-based ACG Credit Company II, LLC, filed a Chapter 11
bankruptcy petition (Bankr. D. Del. Case No. 14-11500) on June 17,
2014.  The Debtor estimated $10 million to $50 million in assets
and $1 million to $10 million in liabilities.  Ian Peck signed the
petition as director.  Gellert Scali Busenkell & Brown, LLC,
serves as the Debtor's counsel.


AEROGROW INTERNATIONAL: Finalizes $4.5-Mil. Loan from Scotts
------------------------------------------------------------
AeroGrow International, Inc., said it entered into a $4.5 million
term loan agreement with The Scotts Miracle-Gro Company.  The
funding will provide general working capital to support
anticipated growth as the Company expands its retail and its
direct-to-consumer sales channels and new product introductions.
The proceeds will be made available as needed in three advances up
to $1.0 million, $1.5 million, and $2.0 million in July, August,
and September, respectively with a due date of Feb. 15, 2015.

"We are preparing for what we believe will be continued growth in
our Fiscal Year 2015 with expansion in both our Direct-to-Consumer
business and particularly our Retail channel," said President and
Chief Executive Officer, J. Michael Wolfe.  "I am pleased to
report that our partners at the Scotts Miracle-Gro Company have
again demonstrated their confidence in the Miracle-Gro AeroGarden
line of products and in the expanding indoor gardening market by
providing us with the short-term working capital we need to
support our growth and new product introductions.  We anticipate
increasing our presence or engaging in tests with many of the
world's largest retailers this fall, including Amazon, BJ's,
Costco, Meijer, Sam's Club, True Value, Walmart and others.  The
interest on this loan will be paid in stock, which we expect to be
minimally dilutive due to the short term nature of the instrument.
Our planned retail expansion - combined with new product
introductions and our position as the market leader in the rapidly
growing indoor gardening industry - has set the stage for what we
anticipate will be an exciting fiscal 2015 and beyond."

As previously reported in a current report on Form 8-K filed with
the SEC on April 23, 2014, the Company announced that Scotts
Miracle-Gro made a $4.5 million equity investment and IP
acquisition with the Company, resulting in a 30% beneficial
ownership interest in AeroGrow.  In the process, AeroGrow took
steps to entirely eliminate its long term debt, restructured the
balance sheet to facilitate potential future transactions, and
gained a valuable partnership for growth.  The agreement affords
AeroGrow the use of the globally recognized and highly trusted
Miracle-Gro brand name while also providing AeroGrow a broad base
of support in marketing, distribution, supply chain logistics,
R&D, and sourcing.

A full-text copy of the Term Loan and Security Agreement is
available for free at http://is.gd/QzpT4R

                           About AeroGrow

Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

Aerogrow International reported a net loss attributable to common
shareholders of $4.13 million for the year ended March 31, 2014, a
net loss attributable to common shareholders of $8.25 million for
the year ended March 31, 2013, and a net loss of $3.55 million for
the year ended March 31, 2012.  As of March 31, 2014, the Company
had $4.54 million in total assets, $3.65 million in total
liabilities and $894,000 in total stockholders' equity.


AGFEED INDUSTRIES: Disclosure Statement Hearing on Aug. 21
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will
convene a hearing on Aug. 21, 2014, at 9:30 a.m. (EST) to
determine whether the disclosure statement explaining AgFeed USA,
LLC, et al.'s second amended Chapter 11 plan of liquidation
contains "adequate information" as defined in Section 1125(a)(1)
of the Bankruptcy Code.  Objections to the Disclosure Statement
must be filed on or before Aug. 15.

The liquidation plan, which is supported by the Official Committee
of Equity Security Holders, provides for substantive consolidation
of the Consolidated AgFeed USA Debtors and the liquidation of the
Debtors' remaining assets as majority of their assets have already
been sold.

The Plan further provides that the U.S. Securities and Exchange
Commission will have an allowed claim in the amount of $18
million.  Plaintiffs in a class action pending against the Debtors
will receive an allowed claim in the amount of $7 million, while
counsel to the class plaintiffs will be entitled to payment of
legal fees and expenses in an amount up to $2.1 million, plus
expenses up to $115,000, payable from the Allowed Class
Plaintiffs' Claim.

A full-text copy of the Disclosure Statement dated July 22, 2014,
is available at http://bankrupt.com/misc/AGFEEDUSADS0722.PDF

                      About AgFeed Industries

AgFeed Industries, Inc., has 21 farms and five feed mills in China
producing more than 250,000 hogs annually. In the U.S., the
business included 10 sow farms in three states and two feed mills
producing more than one million hogs a year. AgFeed's revenue in
2012 was $244 million.

AgFeed and its affiliates filed voluntary petitions under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on
July 15, 2013, with a deal to sell most of its subsidiaries to The
Maschhoffs, LLC, for cash proceeds of $79 million, absent higher
and better offers.  The Debtors estimated assets of at least $100
million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.   BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors to the Chapter 11 cases.  The Creditors'
Committee tapped Lowenstein Sandler as lead bankruptcy counsel and
Greenberg Traurig, LLP, as co-counsel.  CohnReznick LLP serves as
the Creditors' Committee's financial advisor.

An official committee of equity security holders was also
appointed to the Chapter 11 cases.  The Equity Committee tapped
Sugar Felsenthal Grais & Hammer LLP and Elliott Greenleaf as
co-counsel.

In October 2013, AgFeed completed the sale of the U.S. operations
to three buyers for $79.45 million, including $53.4 million in
cash.

In November 2013, the Court authorized AgFeed to sell its Chinese
assets to Hong Kong firm Good Charm International Development Ltd.
in a deal that is expected to net the debtor $45 million once
several highly negotiated price adjustments are factored in.  An
auction was held for the Chinese facilities on Nov. 20, although
no one emerged to top what was originally a $50.5 million bid.
The price was lowered by $3.45 million in view of what the
contract called "newly discovered" operational problems and
"deterioration of the performance" of feed mills.


AGFEED INDUSTRIES: Wants Solicitation Period Extended to Dec. 2
---------------------------------------------------------------
AgFeed USA, LLC, et al., filed a supplement to their motion
seeking further extension of their exclusive periods, asking the
U.S. Bankruptcy Court for the District of Delaware to further
extend their exclusive plan filing period to Oct. 3, 2014, and
their exclusive plan solicitations period to Dec. 2, 2014.

                      About AgFeed Industries

AgFeed Industries, Inc., has 21 farms and five feed mills in China
producing more than 250,000 hogs annually. In the U.S., the
business included 10 sow farms in three states and two feed mills
producing more than one million hogs a year. AgFeed's revenue in
2012 was $244 million.

AgFeed and its affiliates filed voluntary petitions under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on
July 15, 2013, with a deal to sell most of its subsidiaries to The
Maschhoffs, LLC, for cash proceeds of $79 million, absent higher
and better offers.  The Debtors estimated assets of at least $100
million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.   BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors to the Chapter 11 cases.  The Creditors'
Committee tapped Lowenstein Sandler as lead bankruptcy counsel and
Greenberg Traurig, LLP, as co-counsel.  CohnReznick LLP serves as
the Creditors' Committee's financial advisor.

An official committee of equity security holders was also
appointed to the Chapter 11 cases.  The Equity Committee tapped
Sugar Felsenthal Grais & Hammer LLP and Elliott Greenleaf as
co-counsel.

In October 2013, AgFeed completed the sale of the U.S. operations
to three buyers for $79.45 million, including $53.4 million in
cash.

In November 2013, the Court authorized AgFeed to sell its Chinese
assets to Hong Kong firm Good Charm International Development Ltd.
in a deal that is expected to net the debtor $45 million once
several highly negotiated price adjustments are factored in.  An
auction was held for the Chinese facilities on Nov. 20, although
no one emerged to top what was originally a $50.5 million bid.
The price was lowered by $3.45 million in view of what the
contract called "newly discovered" operational problems and
"deterioration of the performance" of feed mills.


AK STEEL: Severstal Assets Deal No Impact on Moody's B3 CFR
-----------------------------------------------------------
Moody's Investors Service comments that AK Steel's $700 million
acquisition of certain assets of Severstal North America, a
subsidiary of Severstal OAO (Ba1 corporate family rating),
including the steel assets located in Dearborn Michigan, has no
impact on AK Steel's B3 corporate family rating at this time. The
company indicates that it intends to fund the transaction with a
combination of debt and equity. Although the transaction could add
some incremental leverage in the near-term, the strategic
benefits, as they are realized over the near to medium term,
should enable AK Steel to improve its operating performance and
strengthen its debt protection metrics from their current weak
levels to a level more appropriate for the rating.


ALLIED SYSTEMS: Yucaipa Wants Black Diamond, Spectrum Subordinated
------------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Black Diamond Capital Management LP, Spectrum Group
Management LLC and Ron Burkle's Yucaipa Cos. are now tangled in a
lawsuit contesting whether their claims in the bankruptcy case of
auto hauler Allied Systems Holdings Inc. should be barred from
payment.

According to the report, in papers filed in bankruptcy court,
Yucaipa said it recently uncovered evidence Black Diamond and
Spectrum filed the involuntary bankruptcy "in bad faith and for
their own private gain."  Yucaipa went on to say how a sale to
Jack Cooper had been arranged before bankruptcy at a price that
would have paid first-lien debt in full, the report related.
Because of the alleged "lies," Yucaipa is seeking court permission
to file claims against Black Diamond and Spectrum seeking to have
their claims subordinated because their actions suppressed the
price of Allied's business, the report further related.

                About Allied Systems Holdings, Inc.

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. first filed for chapter 11 protection (Bankr.
N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31, 2005.
Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represented the
Debtors in the 2005 case.  Allied won confirmation of a
reorganization plan and emerged from bankruptcy in May 2007
with $265 million in first-lien debt and $50 million in second-
lien debt.

The petitioning creditors said Allied defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.
They are represented by Adam G. Landis, Esq., and Kerri K.
Mumford, Esq., at Landis Rath & Cobb LLP; and Adam C. Harris,
Esq., and Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., and Jeffrey W. Kelley, Esq., at
Troutman Sanders, Gowling Lafleur Henderson.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries.  The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and
General Motors LLC.  The Committee is represented by Sidley Austin
LLP.

In January 2014, the U.S. Trustee for Region 3 appointed a three-
member Official Committee of Retirees.

Yucaipa Cos. has 55% of the senior debt and took the position it
had the right to control actions the indenture trustee would take
on behalf of debt holders.  The state court ruled in March 2013
that the loan documents didn't allow Yucaipa to vote.

In March 2013, the bankruptcy court also gave the official
creditors' committee authority to sue Yucaipa.  The suit includes
claims that the debt held by Yucaipa should be treated as equity
or subordinated so everyone else is paid before the Los Angeles-
based owner. The judge allowed Black Diamond to participate in the
lawsuit against Yucaipa and Allied directors.


ALLY FINANCIAL: Debentures Delisted from NYSE
---------------------------------------------
The New York Stock Exchange LLC filed a Form 25 with the U.S.
Securities and Exchange Commission notifying the removal from
listing or registration of Ally Financial Inc.'s Deferred Interest
Debentures due June 15, 2015.

                        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.


AMERICAN APPAREL: Names New Board to Resolve Leadership Crisis
--------------------------------------------------------------
Suzanne Kapner, writing for The Wall Street Journal, reported that
American Apparel Inc. chose a new board, bringing the company a
step closer to determining the fate of Dov Charney, the company's
founder, who was suspended as chief executive in June.

According to the report, the new board consists of David Glazek, a
partner with Standard General, a hedge fund that has voting
control over a large block of American Apparel shares; Thomas J.
Sullivan, a director of Media General Inc; Colleen B. Brown, a
director of TrueBlue Inc.; and Joseph Magnacca, the chief
executive of RadioShack Corp.  The four new directors who will
join David Danziger and Allan Mayer, two members of the old board,
who are keeping their roles as co-chairmen, the Journal said.

                      About American Apparel

Los Angeles, Calif.-based American Apparel, Inc. (NYSE Amex: APP)
-- http://www.americanapparel.com/-- is a vertically integrated
manufacturer, distributor, and retailer of branded fashion basic
apparel.  As of September 2010, American Apparel employed over
10,000 people and operated 278 retail stores in 20 countries,
including the United States, Canada, Mexico, Brazil, United
Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan,
South Korea and China.

Amid liquidity problems and declining sales, American Apparel in
early 2011 reportedly tapped law firm Skadden, Arps, Slate,
Meagher & Flom and investment bank Rothschild Inc. for advice on a
restructuring.

In April 2011, American Apparel said it raised $14.9 million in
rescue financing from a group of investors led by Canadian
financier Michael Serruya and private equity firm Delavaco Capital
Corp., allowing the casual clothing retailer to meet obligations
to its lenders for the time being.  Under the deal, the investors
were buying 15.8 million shares of common stock at 90 cents
apiece.  The deal allows the investors to purchase additional
27.4 million shares at the same price.

American Apparel reported a net loss of $106.29 million on $633.94
million of net sales for the year ended Dec. 31, 2013, as compared
with a net loss of $37.27 million on $617.31 million of net sales
for the year ended Dec. 31, 2012.

As of Dec. 31, 2013, the Company had $333.75 million in total
assets, $411.15 million in total liabilities and a $77.40 million
total stockholders' deficit.

                           *     *     *

As reported by the Troubled Company Reporter on Feb. 26, 2014,
Standard & Poor's Ratings Services lowered its corporate credit
rating to 'CCC' from 'B-' on Los Angeles-based American Apparel
Inc.  The outlook is developing.

The Troubled Company Reporter, on Nov. 21, 2013, reported that
American Apparel Inc. had its corporate family rating cut one
level to Caa2 by Moody's Investors Service.  The clothing
retailer's probability of default was also lowered one level and
the outlook is negative.


AMSTERDAM HOUSE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Amsterdam House Continuing Care Retirement Community, Inc.
           fka The Amsterdam at Harborside
        300 East Overlook
        Port Washington, NY 10050

Case No.: 14-73348

Type of Business: Health Care

Chapter 11 Petition Date: July 22, 2014

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

Judge: Hon. Alan S Trust

Debtor's Counsel: Ingrid Bagby, Esq.
                  CADWALADER WICKERSHAM & TAFT LLP
                  One World Financial Center
                  New York, NY 10281
                  Tel: (212) 504-6894
                  Fax: (212) 504-6666
                  Email: ingrid.bagby@cwt.com

Debtor's          GRANT THORNTON LLP
Financial
Advisors:

Debtor's          HERBERT J. SIMS & CO., INC.
Investment
Banking
Financial
Advisors:

Debtor's          KURTZMAN CARSON CONSULTANTS LLC
Noticing and
Claims Agent:

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by James Davis, president and CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Resident #00087                    Entrance Fee       $1,477,310
                                   Liability

Resident #00158                    Entrance Fee       $1,393,557
                                   Liability

Resident #00027                    Entrance Fee       $1,210,868
                                   Liability

Resident #00047                    Entrance Fee       $1,174,252
                                   Liability

Resident #00194                    Entrance Fee       $1,156,336
                                   Liability

Resident #00171                    Entrance Fee       $1,132,656
                                   Liability

Resident #00114                    Entrance Fee       $1,049,486
                                   Liability

Resident #00125                    Entrance Fee       $1,041,139
                                   Liability

Resident #00162                    Entrance Fee       $1,040,681
                                   Liability

Resident #00163                    Entrance Fee       $1,039,887
                                   Liability

Resident #00181                    Entrance Fee       $1,013,978
                                   Liability

Resident #00185                    Entrance Fee         $988,380
                                   Liability

Resident #00208                    Entrance Fee         $988,133
                                   Liability

Resident #00049                    Entrance Fee         $940,374
                                   Liability

Resident #00116                    Entrance Fee         $932,995
                                   Liability

Former Resident #00002             Pending Refund to    $932,830
                                   Former Resident

Resident #00187                    Entrance Fee         $932,200
                                   Liability

Former Resident #00003             Pending Refund to    $930,922
                                   Former Resident

Resident #00200                    Enrance Fee          $904,338
                                   Liability

Resident $00199                    Entrance Fee         $901,147
                                   Liability


ANACOR PHARMACEUTICALS: Signs Distribution Agreement with Sandoz
----------------------------------------------------------------
Anacor Pharmaceuticals, Inc., has entered into an exclusive
agreement with Sandoz Inc., a Novartis company, pursuant to which
Sandoz will distribute and commercialize Anacor's drug KERYDINTM
(tavaborole) topical solution, 5% in the United States.
PharmaDerm, the branded dermatology business of Sandoz, will be
responsible for the sales and marketing of KERYDIN.  On July 8,
2014, Anacor announced that the U.S. Food and Drug Administration
(FDA) approved the New Drug Application for KERYDIN, the first
oxaborole antifungal approved for the topical treatment of
onychomycosis of the toenails, a fungal infection of the nail and
nail bed that affects approximately 35 million people in the
United States, according to Podiatry Today.

The agreement with Sandoz entitles Anacor to upfront payments
totaling $40 million and an additional milestone payment of $25
million expected to be paid in January 2015.  Under the agreement,
Sandoz and Anacor will share equally, under a long-term profit-
sharing arrangement, the gross profits (defined as net sales less
cost of goods sold) accrued by Sandoz on sales of KERYDIN, except
that in 2015 Anacor will start receiving profit-sharing payments
after the first $50 million of gross profits have been accrued by
Sandoz.  The long-term profit-sharing arrangement includes
cumulative minimum profit-sharing payments to Anacor in 2016
totaling $45 million.  Anacor will also have the option to
repurchase all rights in KERYDIN from Sandoz on the later of three
years from launch or Dec. 31, 2017, at a price to be determined
pursuant to the agreement.

Under the terms of the agreement, Anacor will supply product to
Sandoz at cost through Anacor's contract manufacturers, and Sandoz
will be responsible for all of its selling, marketing,
distribution, general and administrative costs related to the
commercialization of KERYDIN.  Anacor will hold the NDA and will
be responsible for any further development of KERYDIN.

"We are pleased to enter into this agreement with Sandoz to
commercialize KERYDIN in the U.S. through PharmaDerm," said Paul
Berns, chief executive officer of Anacor Pharmaceuticals.
"PharmaDerm's dedication to branded prescription products to treat
dermatological and podiatric diseases makes it an ideal
collaborator to launch KERYDIN.  In addition, PharmaDerm has an
experienced sales force which will be able to reach the specialty
physicians who treat large numbers of patients with
onychomycosis."

Additional information is available for free at:

                          http://is.gd/EWkUZt

                     About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

Anacor reported net income of $84.76 million in 2013, a net loss
of $56.08 million in 2012 and a net loss of $47.94 million in
2011.  As of March 31, 2014, the Company had $156.92 million in
total assets, $46.27 million in total liabilities, $4.95 million
in redeemable common stock and $105.69 million in total
stockholders' equity.


ARI-RC: Exclusive Solicitation Period Extended Until Oct. 4
-----------------------------------------------------------
The Bankruptcy Court extended ARI-RC 6, LLC, et al.'s exclusive
periods to obtain acceptances for their Chapter 11 plan until
Oct. 4, 2014.

As reported in the Troubled Company Reporter on June 23, 2014,
the Debtors, in their motion, said they are not aware of any
creditors whose claim or interest would be adversely affected or
impaired by the granting of the relief requested.  Extending the
exclusivity period, they said, is consistent with the spirit of
allowing the Debtors their first opportunity to solicit acceptance
of a plan after timely submitting the initial plan and disclosure
statement, timely amending the plan and disclosure statement,
acquiring approval of the disclosure statement, and exploring the
possibility of a consensual chapter 11 plan with the lender.

                           About ARI-RC

ARI-RC 6, LLC, and four related entities -- ARI-RC 14, LLC, ARI-RC
12, LLC, ARI-RC 21, LLC, ARI-RC 23, LLC -- filed voluntary
petitions under Chapter 11 on July 15, 2013.  Kenneth Greene
signed the petitions as president.

ARI-RC 3, LLC, and nine affiliates filed for Chapter 11 protection
on Aug. 1, 2013.  ARI-RC 11 and three more affiliates subsequently
filed their own Chapter 11 cases on Aug. 2, 2013.  The petitions
were signed by R. Frederick Hodder, Jr. and Monroe Sawhill Hodder,
trustees.

The Debtors own tenant in common (TIC) interests in two commercial
buildings commonly known as Rancho Conejo I and II, located at
1525 and 1535 Rancho Conejo Boulevard, in Thousand Oaks,
California.  The Debtors and 16 related TIC Investors, who have
not filed for bankruptcy, are passive investors with varying
percentage ownership interests in the Property.

The Debtors' cases are jointly administered under the lead case of
ARI-RC 6, Case No. 13-14692, in the U.S. Bankruptcy Court for the
Central District of California.  The Debtors estimated assets and
debts at $10 million to $50 million at the time of the filings.
Judge Alan M. Ahart presides over the cases.

Daniel H. Reiss, Esq., and John Patrick M. Fritz, Esq., of
Levene, Neale, Bender, Yoo & Brill L.L.P., are counsel to the
Debtors.


ARI-RC: Has Until Aug. 31 to Access U.S. Bank's Cash Collateral
---------------------------------------------------------------
The Bankruptcy Court for the Central District of California
approved a stipulation authorizing ARI-RC 6, LLC, et al.'s use of
cash collateral until Aug. 31, 2014.

The stipulation entered between the Debtor and U.S. Bank National
Association -- as Trustee for the registered holders of ML-CFC
Commercial Mortgage Trust 2007-5, Commercial Mortgage Pass-Through
Certificates, Series 2007-5, the senior secured creditor --
provides that, among other things the Debtors are authorized to
deviate from the line items contained in the budget by not more
than 15% on a line item or aggregate basis, unless the Trust
consents to a greater deviation.

The Debtors own tenant in common interest in certain improved real
property located at 1525 and 1535 Rancho Cornejo Boulevard,
thousand Oaks, California.  The property is encumbered by a loan
originated by Countrywide Commercial Real Estate Financial, Inc.,
in the original amount of $23,437,500.

As reported in the Troubled Company Reporter on April 22, 2014,
the Trust will be afforded replacement liens on the postpetition
rents, revenues, issues and profits of each of the Debtors, with
such replacement liens to have the same extent, validity, scope
and priority as its prepetition liens.

The Debtors are represented by:

         Daniel H. Reiss, Esq.
         J.P. Fritz, Esq.
         LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
         10250 Constellation Boulevard, Suite 1700
         Los Angeles, CA 90067
         Tel: (310) 229-1234
         Fax: (310) 229-1244
         E-mail: DHR@LNBYB.COM
                 JPF@LNBYB.COM

                           About ARI-RC

ARI-RC 6, LLC, and four related entities -- ARI-RC 14, LLC, ARI-RC
12, LLC, ARI-RC 21, LLC, ARI-RC 23, LLC -- filed voluntary
petitions under Chapter 11 on July 15, 2013.  Kenneth Greene
signed the petitions as president.

ARI-RC 3, LLC, and nine affiliates filed for Chapter 11 protection
on Aug. 1, 2013.  ARI-RC 11 and three more affiliates subsequently
filed their own Chapter 11 cases on Aug. 2, 2013.  The petitions
were signed by R. Frederick Hodder, Jr. and Monroe Sawhill Hodder,
trustees.

The Debtors own tenant in common (TIC) interests in two commercial
buildings commonly known as Rancho Conejo I and II, located at
1525 and 1535 Rancho Conejo Boulevard, in Thousand Oaks,
California.  The Debtors and 16 related TIC Investors, who have
not filed for bankruptcy, are passive investors with varying
percentage ownership interests in the Property.

The Debtors' cases are jointly administered under the lead case of
ARI-RC 6, Case No. 13-14692, in the U.S. Bankruptcy Court for the
Central District of California.  The Debtors estimated assets and
debts at $10 million to $50 million at the time of the filings.
Judge Alan M. Ahart presides over the cases.

Daniel H. Reiss, Esq., and John Patrick M. Fritz, Esq., of
Levene, Neale, Bender, Yoo & Brill L.L.P., are counsel to the
Debtors.


BANCO CRUZEIRO: Judge Approves Ch. 15 Protection
------------------------------------------------
Law360 reported that a Florida federal bankruptcy judge approved
Brazilian bank Banco Cruzeiro do Sul SA's petition for Chapter 15
bankruptcy, a decision that will provide the bank some protection
in United States courts while it continues its primary insolvency
proceedings in Brazil.  According to the report, U.S. District
Court Bankruptcy Judge Laurel M. Isicoff granted recognition to
the bank's petition for Chapter 15 bankruptcy, which was filed on
June 5, saying that the bank's foreign representative, Eduardo
Felix Bianchini, is qualified and granting the bank protection in
U.S. courts while the Central Bank of Brazil proceeds with its
liquidation.

                    About Banco Cruzeiro Do Sul

Banco Cruzeiro Do Sul S.A. ("BCSUL") was first established in
August 1989.  In 1993, the bank's shares were acquired by the
Indio Da Costa family, who continued to manage the bank until June
4, 2012, when the assets of the bank and its affiliates were
seized by the Central Bank of Brazil.

Luis Felipe Indio Da Costa is the principal member of the Indio Da
Costa family and was also the principal of the bank although his
son, Luis Octavio, was the president of BCSUL.

According to BCSUL's Web site, the bank provided a variety of
services which included commercial portfolio investments and
credit services.

During the course of its banking operations, BCSUL primarily
operated out of Rio de Janeiro and Sao Paulo where it received
deposits and extending loans to individual customers.  BCSUL
operated nationally through a network of salesmen and agents,
promoting the salary-secured loan product offered by the bank.
The total loan book for BCSUL was R$12 billion.

Prior to be placed into liquidation, BCSUL was the 27th largest
bank in Brazil.  As of March 31, 2014, the bank's balance sheet
reflected the R$7.75 billion (US$3.47 billion) in assets and
R$10.3 billion (US$4.64 billion) in liabilities.

The liquidator for BCSUL filed a Chapter 15 petition (Bankr. S.D.
Fla. Case No. 14-22974) on June 4, 2014, to seek recognition of
the liquidation proceeding before the Central Bank of Brazil.
According to the Chapter 15 petition, the bank has more than
US$1 billion in assets and debt.

Judge Laurel M Isicoff is assigned to the Chapter 15 case.
Gregory S. Grossman, Esq., at Astigarraga Davis Mullins &
Grossman, PA, in Miami, represents the Debtor.


BELMONT PLAZA: Case Summary & 2 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Belmont Plaza, LLC
        P.O. Box 910
        Woodland, WA 98674

Case No.: 14-43983

Chapter 11 Petition Date: July 22, 2014

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

Judge: Hon. Paul B. Snyder

Debtor's Counsel: John D Nellor, Esq.
                  J. D. NELLOR, PC
                  Park Tower One
                  201 N.E. Park Plaza Drive, Suite 202
                  Vancouver, WA 98684
                  Tel: 360-816-2241
                  Email: jd@nellorlaw.com

Total Assets: $1.69 million

Total Liabilities: $499,914

The petition was signed by William A. Behrens, authorized
individual.

A list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/wawb14-43983.pdf


BIOHEALTH COLLEGE: In Fin'l Monitoring Status After Bankruptcy
--------------------------------------------------------------
BioHealth College, Inc., dba Bryman College, filed for Chapter 11
bankruptcy (Bankr. N.D. Cal. Case No. 14-53057) on July 18, 2014.
Bryman College has campuses in San Jose, Hayward, San Francisco
and Los Angeles.  Judge Arthur S. Weissbrodt presides over the
case.  The Law Offices of David A. Boone, Esq., serves as counsel.
In its petition, Biohealth estimated $0 to $50,000 in assets and
liabilities of $1 million to $10 million.  The petition was signed
by Sam Shirazi, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-53057.pdf

Katy Murphy, writing for the San Jose Mercury News, reported that
the U.S. Department of Education on July 21 placed the company on
a heightened financial monitoring status, according to a spokesman
for the California private-college oversight bureau.  That
sanction could slow the flow of federal student aid dollars to the
colleges, which would likely hasten their demise.

The report said the colleges were open Tuesday, July 22 -- and
BioHealth's website made no mention of the news -- but it's
unclear how long they will be able to keep going or if they will
be put on the market.

"We don't really know what it means," said Russ Heimerich, a
spokesman for California's Department for Consumer Affairs, the
report noted. "Some schools when they declare bankruptcy will try
to arrange teach-outs for their students. Some schools up and
close their doors."

San Jose Mercury News recounted that BioHealth acquired four
campuses early last year from another troubled California company,
Corinthian Colleges, Inc., and changed their names from Everest
College to Bryman College.  In an unusual arrangement, Corinthian
paid BioHealth $2.3 million in January 2013 to take ownership of
the campuses, according to a Securities and Exchange Commission
filing.  (Federal financial sanctions imposed last month forced
Corinthian to wind down its operations; it plans to sell most of
its remaining campuses, including its five Bay Area Heald and
WyoTech colleges.)

The report also noted that BioHealth President and CEO Sam Shirazi
did not respond to messages Tuesday seeking comment about his
plans for the colleges, and the company's bankruptcy lawyer was
not immediately available.  The colleges offer seven-month medical
assisting and other health-care programs, according to its website
and the state Bureau of Private Postsecondary Education, the
report added.


BOSTON PROPERTIES: Fitch Hikes $200MM Pref. Stock Rating From BB+
-----------------------------------------------------------------
Fitch Ratings has upgraded the credit ratings for Boston
Properties, Inc. (NYSE: BXP) and Boston Properties Limited
Partnership as follows:

Boston Properties, Inc.

   -- Issuer Default Rating (IDR) to 'BBB+' from 'BBB';
   -- $200 million preferred stock to 'BBB-' from 'BB+'.

Boston Properties, L.P.

   -- IDR to 'BBB+' from 'BBB';
   -- $1 billion unsecured revolving credit facility to 'BBB+'
      from 'BBB';
   -- $5.9 billion senior unsecured notes to 'BBB+' from 'BBB'.

The Rating Outlook is Stable.

The upgrade reflects the strong qualitative elements in BXP's
credit profile.  Examples include the above average quality of
BXP's largely unencumbered operating portfolio and its cycle-
tested management team that has extensive real estate and capital
markets experience.  The upgrade also considers the consistency of
the company's portfolio and balance sheet strategy, its
demonstrated commitment to an unsecured borrowing strategy and
proven access to multiple sources of debt and equity capital in
varied capital markets environments.

The ratings reflect BXP's appropriate coverage for a 'BBB+' rated
REIT.  Moreover, BXP maintains an adequate liquidity position that
is supported by its large unrestricted cash balance, meaningful
retained free cash flow and near full availability under its $1
billion revolving credit facility.  The company also has a large,
high quality portfolio of unencumbered assets in markets with
excellent transaction and financing liquidity characteristics - a
credit positive in terms of contingent liquidity.

Execution and liquidity risk associated with the company's
development platform and its concentrated geographical footprint
and related exposure to finance, legal and government and defense
industry tenants are credit concerns that balance BXP's ratings.
BXP's size and asset and management quality help offset its above-
average leverage relative to its similarly rated REITs.

SUPERIOR ASSET QUALITY

BXP owns a high-quality portfolio of predominantly class A office
properties located in supply-constrained central business district
(CBD) markets.  The company's CBD properties are often leading
properties in their submarkets that compete for the highest
profile tenants, and have historically attracted significant
investor and lender interest.  The latter enhances BXP's
contingent liquidity profile, including during challenging
property and capital market environments.

QUALITATIVE ELEMENTS BALANCE ELEVATED LEVERAGE

Fitch expects BXP's leverage to be in the low 7.0x range through
2016, which is elevated for a 'BBB+' rated REIT.  However, BXP's
large size, superior portfolio asset quality and excellent track
record of capital access and financial discipline balance this
credit concern.  BXP's net debt to recurring operating EBITDA for
the trailing 12 months (TTM) ended March 31, 2014 was 6.8x,
compared with 6.4x and 6.8x for the years ended Dec. 31, 2013 and
2012, respectively.

Fitch expects BXP's fixed charge coverage should sustain in the
mid-2.0x range through 2016, aided by mid-single digit cash same
store net operating income (NOI) growth and incremental NOI from
new developments.  Fixed-charge coverage was 2.4x for the TTM
ended March 31, 2014, compared with 2.5x and 2.2x for the years
ended Dec. 31, 2013 and 2012, respectively.  Fitch defines fixed
charge coverage as recurring operating EBITDA, including Fitch's
estimate of recurring cash distributions from joint ventures, less
straight line rents and maintenance capital expenditures and
leasing costs, divided by interest incurred plus preferred
dividends.

LONG-TERM LEASES

The seven-year weighted average term to maturity of BXP's leases
provides stability to the company's cash flows.  The company's in-
service portfolio was 92.4% leased at March 31, 2014.  BXP's lease
profile is strong relative to its office REIT peers.  The balanced
maturities help ensure that the company is not overly exposed to
leasing risk at any given time, notwithstanding tenant
bankruptcies.  Average annual lease expirations comprise
approximately 8% of annualized base rent through 2023, with a
maximum annual maturity of 14% in 2017.  The company has
historically been proactive in renewing tenants in advance of
lease maturities to minimize downtime and leasing costs, which
Fitch views as a risk adverse strategy that strengthens the credit
by reducing cash flow volatility.

ADEQUATE LIQUIDITY

BXP maintains an adequate liquidity position.  For the period
April 1, 2014 to Dec. 31, 2015, the company's base case liquidity
coverage ratio is forecasted to be 1.2x.  BXP's liquidity coverage
would improve to 1.3x assuming the company refinances maturing
mortgages at 80% of current balances.  Fitch defines liquidity
coverage as sources of liquidity (unrestricted cash, availability
under the company's unsecured credit facility, and expected
retained cash flows from operating activities after dividends)
divided by uses of liquidity (pro rata debt maturities, expected
recurring capital expenditures, and development costs).

Unfunded development commitments of approximately $1.1 billion
(Fitch estimate) from April 1, 2014 through Dec. 31, 2015 are the
largest anticipated use of capital.  BXP's total unfunded
development commitments were $1.4 billion at March 31, 2014.  BXP
likely has some flexibility to defer spending if market conditions
weaken unexpectedly and materially.  The company demonstrated its
willingness to stop development (when possible) in response to
changing market conditions when it capped its 250 W. 55th Street
development at grade level during the last downturn.  BXP's
liquidity coverage ratio would improve to 2.5x absent committed
development expenditures.

BXP paid out approximately 67% of its adjusted funds from
operations (AFFO) as dividends to common shareholders during
1Q'14.  The company has historically kept its payout ratio below
75% - a credit positive.  BXP's dividend policy is to pay out 100%
of taxable net income.  As such, BXP retains approximately $100
million of cash flow per annum that can be used to meet its
liquidity obligations including funding new investments and
development and satisfying debt maturities.

EXCELLENT CONTINGENT LIQUIDITY

BXP has a large, high quality pool of unencumbered assets with
above average financeability and salability characteristics.  As
of March 31, 2014, BXP owned 146 unencumbered assets that generate
annualized cash NOI of approximately $919 million, or 67.2% of its
consolidated NOI.  The company's unencumbered pool includes a
number of trophy assets such as 399 Park Avenue and Times Square
Tower in New York, Embarcadero Center One, Two, and Three in San
Francisco, the Prudential Center complex in Boston (including
three office towers, one of the most productive retail centers in
the U.S., and a supermarket), and the Capital Gallery complex in
Washington, D.C., among others.

Fitch expects the quality of BXP's unencumbered portfolio to
improve further over the rating horizon through the addition of
Embarcadero Center 4 in San Francisco and the John Hancock
Building in Boston, which Fitch expects are likely candidates to
be unencumbered when their mortgages mature in 2016 and 2017,
respectively.  Also, the delivery and stabilization of BXP's high
quality development portfolio will further bolster the company's
unencumbered portfolio quality, primarily through the addition of
250 W. 55th Street in Manhattan and 680 Folsom and 535 Mission St.
in San Francisco.

The company's unencumbered assets cover its net unsecured debt by
2.9x based on a direct capitalization approach of unencumbered NOI
using a stressed 7.5% capitalization rate.  Fitch views this level
of coverage as adequate for the rating.  BXP has maintained UA/UD
coverage in the high 2.0x range during the past five years.

ELEVATED 2017 DEBT MATURITIES

BXP's debt maturity schedule is reasonably well staggered, with
the exception of 2017 when 29% of its pro rata debt matures.  The
company has historically been able to go to market with sizable
notes offerings to refinance its debt maturities.  BXP management
endeavors to keep annual bond issuance within a range of
$1.0 billion to $1.5 billion to maintain a well laddered maturity
schedule.

The unusually high level of maturing debt in 2017 is principally
related to mortgages inherited through opportunistic property
acquisitions during the last downcycle including the GM Building
and the John Hancock Tower.  BXP management is exploring ways to
address its 2017 maturities ahead of time.  The company has the
option to pre-pay at par just under half of its 2017 maturities
during the second half of 2016.

BXP proactively renegotiated and expanded its unsecured revolving
line of credit in July 2013 -- ahead of the prior line's June 2014
expiration - partly to ensure adequate liquidity to handle its
large maturities in 2017.  BXP increased the capacity on the new
line to $1 billion from $750 million and negotiated an expanded
$500 million accordion feature as a potential source of additional
contingent liquidity, up from $250 million previously.  The new
line expires in July 2018 -- beyond its 2017 maturity wall.

Fitch calculates BXP's leverage by deconsolidating its
consolidated joint ventures.  Virtually all of the company's pro
rata JV debt is nonrecourse to BXP.  Although BXP has contributed
equity to right-size mortgages at times, it has also been willing
to offer deeds in lieu of foreclosure on assets where it feels the
value of the assets is permanently impaired below the value of the
mortgage.  The Feb. 20, 2013 foreclosure sale and subsequent
transfer of ownership of Montvale Center in suburban Maryland is a
recent example.

TENANT INDUSTRY CONCENTRATION RISK

The company has a high proportion of financial, legal and
government related tenants in its portfolio.  Tenants in these
segments comprised approximately 28%, 25% and 5% of gross rent,
respectively, for a combined total of 58% as of March 31, 2014.
Lower trading volumes and increased regulation are key issues that
are challenging financial services companies resulting in delayed
leasing decisions, at best, and, in many instances, led to
reductions in space demand.  Legal tenants continue to optimize
their space needs and are often shrinking their office footprints
when leases expire.  Finally, the U.S. Government (BXP's largest
tenant at 6.4% of leased square feet) and related government
contractors are demanding less space due in large part to the
impact of sequestration, particularly in the Washington D.C. metro
area.

DEVELOPMENT RISK

Development is a key component of BXP's strategy and the company
has historically allowed its pipeline of projects under
construction to become a large percentage of its portfolio on both
a relative and absolute basis.  For example, the pipeline grew to
20.3% of total undepreciated book assets in 2Q'08, with the
unfunded portion representing 11% of total assets.  The total
estimated investment of BXP's development pipeline was $3.2
billion at March 31, 2014, which represented 14.2% of total assets
with the unfunded portion comprising a materially smaller 6.3% of
total assets.  Fitch would view cautiously a pipeline that grows
close to 20% of total assets or approaching 10% of remaining
funding, absent significant pre-leasing.

BELOW AVERAGE SAME-STORE GROWTH

Fitch expects BXP's cash same-store NOI growth to accelerate to
the mid-single digits during 2014 compared with 2.6% during 2013.
BXP's same-store NOI growth averaged 1.4% between 2007 and 2013,
trailing a selected group of office REIT peers by approximately 30
basis points.  Fitch attributes the underperformance to outsized
exposure to financial services and government related tenants due
to the company's portfolio overweights in New York City and
Washington, D.C.  The company's internal growth has also been held
back by elevated levels of leasing concessions that are generally
abating and should support stronger cash same store NOI growth in
the near-to-medium term.

PREFERRED STOCK NOTCHING

The two-notch differential between BXP's IDR and its preferred
stock rating is consistent with Fitch's criteria for corporate
entities with an IDR of 'BBB+'.  Based on Fitch's research on
'Treatment and Notching of Hybrids in Nonfinancial Corporate and
REIT Credit Analysis,' these preferred securities are deeply
subordinated and have loss absorption elements that would likely
result in poor recoveries in the event of a corporate default.

STABLE RATING OUTLOOK

The Stable Outlook reflects Fitch's expectations that fixed-charge
coverage and leverage will sustain at the current levels over the
next 12-24 months.

RATING SENSITIVITIES

Fitch expects BXP to continue to pursue a portfolio and balance
sheet strategy that is consistent with a 'BBB+' rating.  Although
upward rating momentum is unlikely, the following factors could
collectively or individually result in an upgrade to BXP's ratings
and/or Outlook:

   -- Fitch's expectation of leverage sustaining below 6.0x for
      several quarters. (leverage was 6.8x for the TTM ended
      March 31, 2014);

   -- Fitch's expectation of fixed-charge coverage sustaining
      above 3.0x for several consecutive quarters (coverage was
      2.4x for the TTM ended March 31, 2014);

Conversely, the following factors may result in negative momentum
in the ratings and/or Outlook:

   -- Fitch's expectation of net debt to recurring operating
      EBITDA sustaining above 7.5x;

   -- Fitch's expectation of fixed-charge coverage sustaining
      below 2.0x.


BUCCANEER ENERGY: U.S. Trustee Appoints Creditors' Committee
------------------------------------------------------------
The U.S. Trustee for Region 7 on June 10 appointed five creditors
of Buccaneer Resources, LLC to serve on the official committee of
unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) Kenai Offshore Ventures, L.L.C.
         Attn: Joel M. Walker, Attorney in Fact
         Charles E. Harrell, Attorney in Fact
         Michael E. Clark, Attorney in Fact
         15 Hoe Chiang Road #12-05 Tower Fifteen
         Singapore 089316
         Tel. 65 6309 0555
         Fax 65 6222 7848
         Email: jmwalker@duanemorris.com
                ceharrell@duanemorris.com
                meclark@duanemorris.com

     (2) Archer Drilling, L.L.C.
         Attn: Tonya Jacobs
         10613 W. Sam Houston Pkwy. N., Ste. 600
         Houston, TX 77064
         Tel. 713-856-4222
         Email: tonya.jacobs@archerwell.com

     (3) Teras Oilfield Support Limited
         Attn: Joel M. Walker, Attorney in Fact
         Charles E. Harrell, Attorney in Fact
         Michael E. Clark, Attorney in Fact
         15 Hoe Chiang Road #12-05 Tower Fifteen
         Singapore 089316
         Tel. 65 6309 0555
         Fax 65 6222 7848
         Email: jmwalker@duanemorris.com
                ceharrell@duanemorris.com
                meclark@duanemorris.com

     (4) Frank's International, L.L.C.,
         Successor in Interest by Merger from
         Frank's Casing Crew & Rental Tools, Inc.
         Attn: Brian D. Baird
         10260 Westheimer, Suite 700
         Houston, TX 77057
         Tel. 281-966-7300
         Fax 281-558-2980
         Email: brian.baird@franksintl.com

     (5) AIMM Techologies, Inc.
         Attn: Brooks Bradford or Heather Wallace
         801 Texas 146
         Texas City, TX 77590
         Tel. 409-945-5414
         Fax 409-945-6022
         Email: brooks@aimmtechnologies.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.


CASELLA WASTE: S&P Raises Rating on $325MM Sub. Notes to 'CCC+'
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its issue rating
Rutland, Vt.-based Casella Waste Systems Inc.'s $325 million
subordinated notes to 'CCC+' from 'CCC' and revised its recovery
rating on the notes to '5' from '6'.  The '5' recovery rating
indicates S&P's expectation for modest (10% to 30%) recovery in
the event of a payment default.  S&P's 'B-' corporate credit
rating on the company remains unchanged.  The outlook is stable.

The ratings on solid waste services company Casella Waste Systems
Inc. reflect S&P's assessment of the company's business risk
profile as "fair," given its modest scale of operations and
average profitability, which are partially offset by its
participation in a low-risk, recession-resistant industry.  They
also reflect S&P's assessment of the financial risk profile as
"highly leveraged," as S&P estimates the company had almost $650
million of adjusted debt at its fiscal year-end of April 30, 2014.
The ratings also incorporate S&P's use of the comparable rating
analysis modifier; S&P assigned a "negative" assessment on this
modifier based on a holistic review of the company's stand-alone
credit profile.

Casella intends to change its fiscal year-end to Dec. 31 from
April 30.  S&P expects that credit measures will continue to
remain highly leveraged during the next year, as it estimates the
adjusted debt to EBITDA ratio will be near 6x and free cash flow
generation will be neutral by Dec. 31, 2014.  S&P adjusts its debt
balances upward by roughly $135 million from the reported amount
to account for a variety of other debt-like obligations.  The
company's credit measures deteriorated during fiscal 2013 as weak
capacity utilization at some sites and operational inefficiencies
pressured profitability.  More recently, in fiscal 2014,
management has taken a variety of steps to improve the business,
such as yielding greater contributions from its landfill sites,
focusing on pricing discipline, and divesting underperforming
operations.  While profit margins have improved, S&P still only
expect a neutral level of free cash flow because of high recurring
capital expenditures related to landfill development expenses and
vehicles, along with growth-related spending pertaining to the
installment of a gas treatment system, spending on new contracts,
and environmental remediation.  S&P could consider raising ratings
if the company achieves its goal of being able to generate
meaningful free cash flow on a more consistent basis, and if the
adjusted debt to EBITDA ratio approaches near 5x for a sustained
period.  S&P could consider lowering ratings if adverse economic
conditions or operational missteps pressure the company's
liquidity.

RATINGS LIST

Casella Waste Systems Inc.
Corporate Credit Rating            B-/Stable/--

Upgraded; Recovery Ratings Revised
                                    To               From
Casella Waste Systems Inc.
$325 Mil. Subordinated Notes       CCC+             CCC
   Recovery Rating                  5                6


CBS OUTDOOR: Van Wagner Deal No Impact on Moody's 'Ba3' CFR
-----------------------------------------------------------
Moody's says CBS Outdoor Americas, Inc.'s acquisition of outdoor
assets from Van Wagner Communications, LLC for $690 million is not
expected to impact the Ba3 corporate family rating (CFR). Moody's
anticipates the acquisition will be funded with cash on the
balance sheet and $640 million in new debt and will close in early
2015. The ratings on the company's bank debt (rated Ba1) and
senior unsecured notes (rated B1) could be impacted by the type of
debt the company eventually issues to raise the $640 million of
anticipated new debt.

CBS Outdoor Americas Inc. with its headquarters in New York City
is one of the leading owner and operators of advertising
structures in the U.S. In July 2014, the company began operating
as a real estate investment trust. During the LTM period ending Q1
2014, the company generated revenues of approximately $1.3
billion.


CCM MERGER: Moody's Rates $510MM Sr. Secured Credit Facilities B2
-----------------------------------------------------------------
Moody's Investors Service assigned a B2 to CCM Merger, Inc.'s
proposed $510 million of senior secured credit facilities
comprised of a $20 million revolving credit facility expiring 2019
and a $490 million term loan due 2021. CCM's B3 Corporate Family
Rating and B3-PD Probability of Default Rating were affirmed. The
outlook is stable.

Proceeds from the proposed new term loan B along with $21.2
million of balance sheet cash will be used to refinance CCM's
existing $503 million term loan B due 2017 and pay for transaction
fees and expenses. The proposed $20 million revolver is expected
to be undrawn at closing.

Ratings affirmed:

Corporate Family Rating, at B3

Probability of Default Rating, at B3-PD

$275 million senior unsecured notes due 2019, at Caa2 (LGD5)

New ratings assigned:

$20 million revolving credit facility expiring 2019, at B2
(LGD3)

$490 million term loan due 2021, at B2 (LGD3)

Ratings to be withdrawn if/when proposed transaction closes:

$20 million revolving credit facility expiring 2016, at B2
(LGD3)

$503 million term loan due 2017, at B2 (LGD3)

Ratings Rationale

CCM's B3 Corporate Family Rating ("CFR") considers the company's
small, undiversified operations and high leverage. Pro-forma for
the company's proposed bank facilities refinancing, debt/EBITDA is
about 7.2 times. Also considered is the Chapter 9 bankruptcy
filing by the City of Detroit, Michigan which threatens a
reduction in consumer discretionary spending in the Detroit area.

Positive rating consideration is given to CCM's good liquidity,
which is characterized by positive free cash flow and relaxed
maturity profile. CCM does not have any material scheduled debt
maturities until 2021 when its term loan matures. Also considered
are the favorable characteristics of the Detroit gaming market,
including its significant population density as measured by adults
per gaming position.

The B2 assigned to CCM's proposed $510 million facilities is one
notch above the company's CFR. This acknowledges the credit
support afforded to the bank facilities by the existing senior
unsecured notes. The Caa2 rating on the senior unsecured notes,
two-notches below CCM's, reflects the substantial amount of senior
debt ahead of these notes in the pro forma capital structure.

The stable outlook considers Moody's view that despite the Detroit
bankruptcy, CCM will continue to generate positive free cash flow
over the next two years that can be applied towards debt reduction
-- both through a cash flow sweep mechanism and voluntary debt
reduction -- and will reduce debt/EBITDA closer to 7.0 times,
Moody's leverage trigger that could result in a negative ratings
action. Additionally, while Moody's do not believe meaningful
growth in the Detroit gaming market is likely, Moody's do believe
the Detroit gaming market will continue to show stability given
the limited amount of gaming supply in the market.

Also supporting CCM's stable rating outlook is that the owner of
CCM, Marion Illitch, a wealthy and prominent business person in
the Detroit area, has on more than one occasion provided direct
cash equity to support the company. While there is no assurance
that Ms. Illitch would provide such support in the future, it is
hard to ignore her previous support and/or to suggest this type of
support would not be available in the future.

Ratings could be lowered if it appears that CCM will not be able
to achieve and maintain its debt/EBITDA at or below 7.0 times in
the next 12 to 18 month period. Ratings could be raised if the
company is able reduce its debt/EBITDA to at or below 5.5 times
and maintain a good liquidity profile.

The principal methodology used in this rating was the Global
Gaming Industry published in June 2014. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

CCM Merger Inc., owned by Mrs. Marian Illitch, is a holding
company whose operating subsidiary, Detroit Entertainment L.L.C.
owns and operates the MotorCity Casino Hotel in Detroit, Michigan
--- one of only three commercial casinos that are allowed to
operate in Detroit, Michigan. The company generates approximately
$490 million of annual net revenue.


CIT GROUP: Moody's Reviews Ba3 Unsec. Debt Rating for Downgrade
---------------------------------------------------------------
Moody's Investors Service has placed CIT Group Inc's Ba3 senior
unsecured debt and senior unsecured bank credit facility ratings
on review for possible downgrade. In addition, Moody's affirmed
CIT's Ba3 corporate family rating with a stable outlook. The
rating actions follow the company's announcement that it has
entered into an agreement to acquire OneWest Bank for $3.4
billion.

Ratings Rationale

The review for possible downgrade of CIT's senior debt ratings is
due to the increased structural subordination expected to result
from the company's acquisition of OneWest. At closing, CIT
estimates that assets in CIT Bank, the company's wholly owned bank
subsidiary, will increase to approximately 61% of consolidated
assets from 41% as of Q2 2014. The transition of a higher
proportion of CIT's earning assets into the bank will result in
parent company creditors having weaker earning asset coverage than
the bank's creditors -- and Moody's expects this trend will
continue. Additionally, the holding company's earnings and assets
could be used by the parent to support the bank should it become
necessary in the future. A positive aspect of the acquisition-
related growth in deposits and shift of earning assets into the
bank is that it will further diversify and lower CIT's cost of
funding.

Moody's affirmation of CIT's Ba3 corporate family rating with a
stable outlook is due to the overall credit neutral aspects of the
pending acquisition. The acquisition will strengthen CIT's funding
profile and provide the bank with additional commercial banking
products to enable it to serve cash management and borrowing needs
of both existing and new clients. CIT will also have increased
regulatory scrutiny because it will cross the $50 billion in
assets threshold, requiring that the company adhere to regulators'
capital stress testing regime, which Moody's views as an
additional credit positive. Offsetting these positives are the
risks presented by OneWest's commercial and legacy loan portfolios
and the uncertain resilience of its deposit franchise, including
to a change in interest rates and competitive pressures. In
addition, OneWest's commercial lending business and commercial
deposits have both grown very rapidly over the last several years
that could indicate a greater risk appetite as it sought to
replace legacy asset runoff with new earning assets.

The principal methodology used in this rating was Finance Company
Global Rating Methodology published in March 2012.

OneWest is a privately owned regional bank that operates 73 retail
branches in Southern California, with $23 billion in assets and
$15 billion in deposits. At closing, which CIT estimates will
occur in the first half of 2015 subject to regulatory approvals,
CIT Bank will merge into OneWest Bank and retain the CIT Bank
name. Combined, CIT is expected to have assets of approximately
$67 billion and deposits of approximately $28 billion.

CIT Group Inc. is a bank holding company primarily focused on
serving the small business and middle market sectors with
headquarters in New York City and Livingston, New Jersey.


CLOUDEEVA INC: Files for Ch. 11 Amid Lawsuit vs. Merger Partner
---------------------------------------------------------------
Cloudeeva, Inc., an IT consulting and staffing services provider,
sought bankruptcy protection due to the financial drain brought by
a lawsuit against Singaporean corporation Bartronics Asia Pte Ltd.

With more than 300 employees in the U.S., the company generated
$34.5 million of revenue in the 2013 and $15.7 million of revenue
in the first half of 2014.  The company estimates revenue of $31
million for the entire 2014.

However, the litigation initiated by BAPL in California has been
an enormous drain on Cloudeeva's financial resources.  Cloudeeva
has incurred outside legal fees in excess of $1.2 million
litigating the case, as well as arbitration and expert witness
fees in excess of $200,000.

Cloudeeva is the surviving party to a merger between Systems
America Inc., and BAPL's Bartronics America Inc., in 2012.
Following the merger, Cloudeeva discovered that the prior
management team of BAI that had stayed on to manage and operate
Cloudeeva was engaged in a massive accounting fraud and financial
mismanagement of the company.  The probe revealed that more than
$1.3 million had been improperly withdrawn and transferred from
Cloudeeva's bank accounts by the company's executives.

BAPL in August 2013 filed a lawsuit in the New Jersey Superiour
Court against Cloudeeva Chairman and CEO Adesh Tyagi to prevent
Tyagi from gaining access to the financial records and bank
accounts of Cloudeeva.  The court rejected BAPL's request and
ordered that Tyagi was the lawful CEO of Cloudeeva and was
entitled to full access of the book and records.

BAPL re-filed the case in September 2013 in state court in
California, seeking the same redress including rescission of the
2102 transaction.  This time, BAPL was able to convince the
California court to issue a preliminary injunction against
Cloudeeva in order to maintain the status quo between the parties
pending a final resolution of BAPL's claims.  In its cross-
complaint, Cloudeeva seeks monetary damages on account of claims
for fraud in the 2012 stock exchange agreement ("SEA"), breach of
the SEA, conversion of corporate assets, and unfair business
practices.

As an IT consulting and staffing business, Cloudeeva must pay its
employees and consultants before it receives payment for the
services the employees render to vendors and customers.  As a
result of the California lawsuit, the huge financial drain the
litigation is having on Cloudeeva's financial resources, and the
California court's restrictions on Cloudeeva's ability to borrow,
Cloudeeva is now struggling to meet its ongoing payroll
obligations.

                         First Day Motions

The Debtors on the Petition Date filed motions to, among other
things, jointly administer their Chapter 11 cases, extend the
deadlines to file their schedules of assets and liabilities,
continue their existing cash management system, prohibit utilities
from discontinuing service, pay prepetition wages and benefits
totaling $1.36 million, and pay prepetition claims of critical
vendors.

The Debtors want a 30-day extension until Sept. 3, 2014, of the
deadline to file their schedules of assets and liabilities and
statements of financial affairs.  Absent an extension, the
schedules and statements will be due Aug. 4, 2014.

The Debtors also intend to pay up to $145,000 for claims of
foreign vendors.  The Debtors are wary that the foreign vendors
may sue the Debtors in a foreign court to recover any prepetition
amounts owed to them.

                       About Cloudeeva, Inc.

Cloudeeva, Inc., a public company previously known as Systems
America, Inc., is a global cloud services and technology solutions
company specializing in cloud, big data and mobility solutions and
services.  The company provides information technology staffing
services to major clients and third party vendors in the United
States and India.  The company headquarters are in East Windsor,
New Jersey, with regional offices in California, Illinois and
international offices in India.

Cloudeeva, Inc., and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-24874) in Trenton, New
Jersey, on July 21, 2014.

Cloudeeva estimated assets of at least $10 million and debt of
less than $10 million.  The company said only $209,000 is owing to
its lender Prestige Capital Corp. and more than $5.2 million is
owed for trade vendor payables.

The cases are assigned to Judge Kathryn C. Ferguson.  The Debtors
are seeking joint administration of their Chapter 11 cases for
procedural purposes.

The Debtors have tapped Lowenstein Sandler LLP as counsel, and
Kurtzman Carson Consultants LLC as claims and noticing agent.

According to the docket, the Debtors' exclusive right to file a
plan expires on Nov. 18, 2014.


CLOUDEEVA INC: Seeks Approval of Prestige Factoring Agreement
-------------------------------------------------------------
Cloudeeva, Inc., and its affiliates are seeking bankruptcy court
approval to keep their factoring agreement with Prestige Capital
Corp. in order to meet their payroll obligations to employees.

Historically, the Debtors did not have any secured debt.  However,
the California Superior Court on October 15, 2013, in connection
with a lawsuit filed by Bartronics Asia Pte Ltd., granted a
preliminary injunction prohibiting the Debtors from encumbering
any assets of Cloudeeva as collateral for any loan pending the
outcome of the litigation.  In order to meet operating expenses,
the Debtors obtained approval from the California court to factor
their receivables on a limited basis.

Pursuant to the factoring agreement, Prestige would pay the
Debtors 80% of the face value of the accounts sold under the
factoring agreement up to a maximum amount of $2 million.
Prestige would then hold in reserve the difference between the
purchase price for the receivables purchased and the 80% down
payment.  Provided that there were no outstanding chargebacks or
disputes, Prestige would pay the reserve, less any sums due
Prestige within five business days of the date on which the
accounts were collected.  Prestige would earn a fee on each
account purchased based on a sliding scale depending on when the
account was collected.

The obligations due to Prestige are also secured by a lien on the
Debtors' accounts, inventory, machinery and equipment and general
intangibles.  The obligations are further secured by the personal
guarantee of Chairman and CEO Adesh Tyagi.

The Debtors propose to enter into a factoring agreement
postpetition on substantially the same terms as the prepetition
factoring agreement.  The Debtors have sought alternate financing
with which to finance their operations, but have been unable to
obtain financing on any other terms due to concerns about the
continued viability of the Debtors given the rescission claims
asserted by BAPL in the California litigation.

Without financing from the factoring of receivables, the Debtors
would be unable to meet payroll due Aug. 15 or other necessary
operating expenses.

                       About Cloudeeva, Inc.

Cloudeeva, Inc., a public company previously known as Systems
America, Inc., is a global cloud services and technology solutions
company specializing in cloud, big data and mobility solutions and
services.  The company provides information technology staffing
services to major clients and third party vendors in the United
States and India.  The company headquarters are in East Windsor,
New Jersey, with regional offices in California, Illinois and
international offices in India.

Cloudeeva, Inc., and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-24874) in Trenton, New
Jersey, on July 21, 2014.

Cloudeeva estimated assets of at least $10 million and debt of
less than $10 million.  The company said only $209,000 is owing to
its lender Prestige Capital Corp. and more than $5.2 million is
owed for trade vendor payables.

The cases are assigned to Judge Kathryn C. Ferguson.  The Debtors
are seeking joint administration of their Chapter 11 cases for
procedural purposes.

The Debtors have tapped Lowenstein Sandler LLP as counsel, and
Kurtzman Carson Consultants LLC as claims and noticing agent.

According to the docket, the Debtors' exclusive right to file a
plan expires on Nov. 18, 2014.


CLOUDEEVA INC: Proposes to Pay $1.45-Mil. to Critical Vendors
-------------------------------------------------------------
Cloudeeva, Inc., and its affiliates are seeking bankruptcy court
approval to pay prepetition claims of certain vendors that are
critical to operations, up to $1.23 million on an interim basis,
and up to $1.45 million on a final basis.

The Debtors have determined that 62 of their vendors, who are
collectively owed $1.45 million as of the Petition Date, are
critical vendors.  Fifty-one of the critical vendors, who are owed
$905,000 as of the Petition Date, are consulting companies that
provide or previously provided consultants to the Debtors for
placement on-site with the Debtors' customers.

The Debtors will condition the payment of critical vendor claims
on the agreement of the individual critical vendor to continue
supplying goods and services to the Debtors on terms that are as,
or more, favorable to the Debtors as the most favorable trade
terms, practices, and programs in effect between the critical
vendor and the Debtors in the 12 months prior to the Petition
Date.

                       About Cloudeeva, Inc.

Cloudeeva, Inc., a public company previously known as Systems
America, Inc., is a global cloud services and technology solutions
company specializing in cloud, big data and mobility solutions and
services.  The company provides information technology staffing
services to major clients and third party vendors in the United
States and India.  The company headquarters are in East Windsor,
New Jersey, with regional offices in California, Illinois and
international offices in India.

Cloudeeva, Inc., and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-24874) in Trenton, New
Jersey, on July 21, 2014.

Cloudeeva estimated assets of at least $10 million and debt of
less than $10 million.  The company said only $209,000 is owing to
its lender Prestige Capital Corp. and more than $5.2 million is
owed for trade vendor payables.

The cases are assigned to Judge Kathryn C. Ferguson.  The Debtors
are seeking joint administration of their Chapter 11 cases for
procedural purposes.

The Debtors have tapped Lowenstein Sandler LLP as counsel, and
Kurtzman Carson Consultants LLC as claims and noticing agent.

According to the docket, the Debtors' exclusive right to file a
plan expires on Nov. 18, 2014.


CLOUDEEVA INC: Taps KCC as Claims and Noticing Agent
----------------------------------------------------
Cloudeeva, Inc., and its affiliates are seeking bankruptcy court
approval to employ Kurtzman Carson Consultants LLC as claims and
noticing agent.

By appointing KCC as the claims and noticing agent in these
Chapter 11 cases, the distribution of notices and the processing
of claims will be expedited, and the clerk's office will be
relieved of the administrative burden of processing what may be an
overwhelming number of claims.

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

According to the services agreement, KCC will charge these rates
for consulting services:

                                         Discounted
   Position                             Hourly Rate
   --------                             -----------
Executive Vice President                  Waived
Director/Senior Managing Consultant        $195
Consultant/Senior Consultant            $85 to $175
Project Specialist                      $65 to $110
Technology/Programming Consultant       $50 to $90
Clerical                                $40 to $60
Weekend, holidays and overtime            Waived

For its noticing services, KCC will waive fees for electronic
noticing, but will charge $0.08 per page for facsimile noticing.
For claims administration and management, KCC will charge $0.10
per creditor per month for license fee and data storage.  For
online claims filing (ePOC) services, the firm will waive the
fees.

James Le, the COO at KCC, attests that KCC is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

         KURTZMAN CARSON CONSULTANTS LLC
         2335 Alaska Ave.
         El Segundo, CA 90245
         Attn: Drake D. Foster
         Tel: (310) 823-9000
         Fax: (310) 823-9133
         E-mail: dfoster@kccllc.com

                       About Cloudeeva, Inc.

Cloudeeva, Inc., a public company previously known as Systems
America, Inc., is a global cloud services and technology solutions
company specializing in cloud, big data and mobility solutions and
services.  The company provides information technology staffing
services to major clients and third party vendors in the United
States and India.  The company headquarters are in East Windsor,
New Jersey, with regional offices in California, Illinois and
international offices in India.

Cloudeeva, Inc., and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-24874) in Trenton, New
Jersey, on July 21, 2014.

Cloudeeva estimated assets of at least $10 million and debt of
less than $10 million.  The company said only $209,000 is owing to
its lender Prestige Capital Corp. and more than $5.2 million is
owed for trade vendor payables.

The cases are assigned to Judge Kathryn C. Ferguson.  The Debtors
are seeking joint administration of their Chapter 11 cases for
procedural purposes.

The Debtors have tapped Lowenstein Sandler LLP as counsel, and
Kurtzman Carson Consultants LLC as claims and noticing agent.

According to the docket, the Debtors' exclusive right to file a
plan expires on Nov. 18, 2014.


COLONIAL BANK: PwC Can't Duck FDIC Negligence Claims Over Fraud
---------------------------------------------------------------
Law360 reported that an Alabama federal judge refused to dismiss
Federal Deposit Insurance Corp. claims against
PricewaterhouseCoopers LLC and another company over alleged
failures in their auditing of Colonial Bank, saying the agency
didn't need to show it could have anticipated the form that an
$899 million mortgage fraud would take.  According to the report,
U.S. District Judge Keith Watkins said the FDIC had sufficiently
pled the claims that auditor negligence enabled double- and
triple-pledging by Taylor Bean & Whitaker Mortgage Corp.

The case is Federal Deposit Insurance Corporation v.
PricewaterhouseCoopers LLP et al., Case No. 2:12-cv-00957 (M.D.
Ala.).

                    About The Colonial BancGroup

Headquartered in Montgomery, Alabama, The Colonial BancGroup,
Inc., (NYSE: CNB) owned Colonial Bank, N.A, its banking
subsidiary.  Colonial Bank -- http://www.colonialbank.com/--
operated 354 branches in Florida, Alabama, Georgia, Nevada and
Texas with over $26 billion in assets.  On Aug. 14, 2009, Colonial
Bank was seized by regulators and the Federal Deposit Insurance
Corporation was named receiver.  The FDIC sold most of the assets
to Branch Banking and Trust, Winston-Salem, North Carolina.  BB&T
acquired $22 billion in assets and assumed $20 billion in deposits
of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Ala. Case No. 09-32303) on Aug. 25, 2009.  W. Clark
Watson, Esq., at Balch & Bingham LLP, and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, serve as counsel to the
Debtor.  The Debtor disclosed $45 million in total assets and $380
million in total liabilities as of the Petition Date.

In September 2009, an Official Committee of Unsecured Creditors
was formed consisting of three members, Fine Geddie & Associates,
The Bank of New York Trust Company, N.A., and U.S. Bank National
Association.  Burr & Forman LLP and Schulte Roth & Zabel LLP serve
as co-counsel for the Committee.

Colonial Brokerage, a wholly owned subsidiary of Colonial
BancGroup, filed for Chapter 7 protection with the U.S. Bankruptcy
Court in the Middle District of Alabama in June 2010.  Susan S.
DePaola serves as Chapter 7 trustee.


COMPLETE CHILD: Case Summary & 18 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: The Complete Child, Inc.
           dba Young Scholars Academy
        5815 Tutt Center Point
        Colorado Springs, CO 80922

Case No.: 14-20014

Chapter 11 Petition Date: July 22, 2014

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

Judge: Hon. Howard R Tallman

Debtor's Counsel: Jeffrey S. Brinen, Esq.
                  KUTNER BRINEN GARBER, P.C.
                  1660 Lincoln St., Ste. 1850
                  Denver, CO 80264
                  Tel: 303-832-2400
                  Email: jsb@kutnerlaw.com

Total Assets: $3.06 million

Total Liabilities: $2.68 million

The petition was signed by Jane Germano, president.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob14-20014.pdf


COMPRESSCO PARTNERS: Moody's Rates $350MM Sr. Unsecured Notes B2
----------------------------------------------------------------
Moody's Investors Service assigned first time ratings to
Compressco Partners, L.P., including a B1 Corporate Family Rating
(CFR), a B2 rating to its proposed offering of $350 million senior
unsecured notes due 2022, and a SGL-3 Speculative Grade Liquidity
Rating. The rating outlook is stable.

The proceeds will be used to partially fund the $825 million
acquisition of Compressor Systems, Inc. (CSI). Compressco's
assigned ratings are contingent upon prior or simultaneous funding
of the remaining sources of proceeds for the CSI acquisition,
including successfully raising at least $400 million of equity
proceeds, and the simultaneous closing of the CSI acquisition with
the proposed notes offering. Moody's ratings are subject to review
of all final documentation.

"Compressco's announcement of its strategic acquisition of CSI
will make it one of the largest compression companies in the US,"
commented Amol Joshi, Moody's Vice President. "As the company
integrates CSI's significantly larger asset base, which is
expected to triple pro forma EBITDA, the company will face
execution risk over the near term."

Rating Assignments:

  $350 Million Senior Unsecured Notes due in 2022, Rated B2
  (LGD 5)

  Corporate Family Rating of B1

  Probability of Default Rating of B1-PD

  Speculative Grade Liquidity rating of SGL-3

  Outlook is stable

Ratings Rationale

Compressco's B1 Corporate Family Rating (CFR) reflects the
company's strong pro forma market position, in combination with
CSI, as one of the leading providers of compression services, the
pro forma company's highly complementary asset base combining
Compressco's over 4,000 compressors averaging 46 HP with CSI's
over 2,200 compressors averaging 381 HP, the cross-selling
potential that comes with a larger customer base and potential
expansion opportunities, especially in non-overlapping
international jurisdictions. The CSI acquisition positions
Compressco to compete in size with similar service providers
including Exterran Partners, L.P. (Ba3 stable). While the rating
is supported by the combined company's relatively stable cash
flows underpinned by services that enhance oil & gas production
and recoverable reserves, it also reflects the potential
volatility of new unit sales (representing roughly 30% and 10% of
the combined company's revenues and EBITDA, respectively) and its
dependence on commodity prices. The rating considers the
structural risks inherent in the MLP business model characterized
by an acquisitive growth strategy and distribution pay-outs.
Moody's expect debt leverage to remain moderate due to EBITDA
growth, and the company is targeting leverage below 4x and
distribution coverage at roughly 1.2x.

The B2 senior unsecured note rating reflects the size of the
senior secured revolver's potential priority claim relative to the
senior unsecured notes, which results in the notes being rated one
notch beneath the B1 CFR under Moody's Loss Given Default (LGD)
Methodology. Moody's believe that the B2 rating is more
appropriate for the notes than the rating suggested by the Moody's
LGD Methodology. However, if the borrowing base is increased in
the future without corresponding increases in senior unsecured
debt, then Compressco's notes rating could be downgraded to two
notches beneath the CFR because of the increasing proportion of
secured debt relative to unsecured debt in the capital structure.
Compressco's debt obligations are non-recourse to its general
partner, Tetra Technologies, Inc. (not rated), and are therefore,
evaluated on a standalone basis in terms of Moody's LGD analysis.

Compressco's SGL-3 Speculative Grade Liquidity Rating reflects
adequate liquidity over the next 12-18 months. Combined with
equity issuance of roughly $400 million, Compressco will apply
proceeds from this high yield offering and revolver borrowings to
fund CSI's acquisition. Pro forma for the funding of the CSI
acquisition, the company is expected to have approximately $10
million of cash and over $240 million available under its
revolving credit facility, providing sufficient liquidity to fund
growth capex and distribution pay-outs through mid-2015. The
credit facility allows for additional future commitments up to
$150 million subject to compliance with the financial covenants
below, providing further potential liquidity.

Compressco's senior secured revolving credit facility is subject
to financial covenants inclusive of a maximum allowed Total
Debt/EBITDA ratio (as defined in the Credit Agreement) of 5.0x
(after stepdown). Compressco is also required to maintain a Total
Secured Debt/EBITDA ratio of not greater than 4.0x and a minimum
interest coverage ratio (EBITDA/Cash Interest Expense) of 3.0x.
The company should have sufficient head room under the covenants
through mid-2015 based on current capital spending plans. There
are no debt maturities until 2019 when the credit facility
expires. Compressco has limited other sources of liquidity, given
that its assets are fully encumbered.

Compressco's rating outlook is stable, reflective of its growth
potential and strengthening business conditions that should
support cash flows.

Compressco's ratings are not likely to be upgraded in the near-
term as the company integrates CSI's significantly larger asset
base into its existing operations. Compressco's ratings could be
considered for an upgrade upon successful integration of CSI's
assets, while growing EBITDA above $200 million and managing its
leverage below 4x with a distribution coverage ratio above 1.2x.

Compressco's ratings could be downgraded should leverage exceed 5x
or if its distribution coverage ratio falls below 1x on a
sustained basis.

The principal methodology used in this rating was the Global
Oilfield Services Rating Methodology published in December 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.

Compressco is a publicly traded master limited partnership (MLP)
providing primarily compression-based production enhancement
services, and is headquartered in Oklahoma City, OK.


CONAGRA FOODS: Fitch Rates Subordinated Notes 'BB+'
---------------------------------------------------
Fitch Ratings has assigned a 'BBB-' rating to ConAgra Foods,
Inc.'s $550 million senior unsecured floating rate notes (FRNs)
due in July 2016. The company intends to use the net proceeds for
general corporate purposes, including the repayment of commercial
paper (CP), which was $585.7 million at July 18, 2014, and other
debt. Concurrently, ConAgra has announced a tender offer for up to
$500 million aggregate principal of certain notes, expiring on
Aug. 15, 2014, unless extended or terminated. This debt issuance
is not conditioned on successful consummation of the tender offer.
ConAgra's rating Outlook is Stable.

The notes will be issued under the company's indenture dated
Oct. 8, 1990. The new notes will rank equal to the company's
existing senior unsecured indebtedness. The indenture contains
limitations on secured indebtedness and certain sale/leaseback
transactions; however, there are no financial covenants or other
restrictive covenants. The notes contain a Change of Control
Offer. Upon the occurrence of both a Change of Control and rating
downgrades below investment grade, unless ConAgra has exercised
its right to redeem the notes, the company will be required to
make an offer to purchase the notes at a price equal to 101% of
the aggregate principal amount plus accrued and unpaid interest to
the date of purchase.

Key Rating Drivers

Private-Label Scale: ConAgra is one of the largest packaged food
companies in North America, with nearly $18 billion annual net
sales. In addition to a sizeable branded food presence, ConAgra
should benefit over the long term from greater private-label
scale, as $4.2 billion annual sales makes it the largest private-
label food producer in the U.S. ConAgra intends to capitalize on
the favorable trends in private-label growth over the long term.
However, the company's private label margins have recently
deteriorated substantially as a result of ConAgra taking
significant pricing concessions to retain volumes after service
and execution issues. The company has stated that the issues are
resolved and volumes should improve throughout 2015. Profitability
should also improve as ConAgra laps the pricing concessions in the
fiscal second half of 2015 and cost synergies begin to accelerate.
Nonetheless, profitability in this segment will be below Fitch's
and the company's original expectations over the next few years.

Post-Acquisition Leverage High: ConAgra's ratings reflect the
company's elevated leverage following the Jan. 29, 2013 primarily
debt-financed acquisition of Ralcorp for $6.8 billion, including
assumed debt. To finance the acquisition, ConAgra utilized
approximately $550 million cash, a $1.5 billion term loan, net
proceeds from $3.975 billion new notes, and $269 million from the
company's equity offering. The company's progress toward debt
reduction and continued commitment to deleverage, free cash flow
(FCF) generation, ample liquidity, and the strength of this
strategic combination in the long term support the ratings.

Debt Reduction Achievable: ConAgra is prioritizing its FCF to
repay approximately $2 billion of debt since the Ralcorp deal
closed through fiscal 2015, including the utilization of most of
the $530 million Ardent Mills joint venture net proceeds. ConAgra
contributed its flour milling business in exchange for a 44%
equity interest in Ardent Mills in June 2014. ConAgra completed
$600 million debt reduction in fiscal 2014, mostly from FCF of
more than $500 million. Including approximately $400 million debt
reduction in fiscal 2013, ConAgra is approximately half way toward
its debt reduction goal, which should be achievable. Fitch
estimates ConAgra's FCF at approximately $600 million this fiscal
year based on the lower end of the company's guidance for $1.6
billion to $1.7 billion cash flow from operations. ConAgra also
plans to maintain its current dividend and keep share repurchases
and acquisitions very modest so the focus remains on debt
reduction.

Expectations for Declining Leverage: Current leverage remains high
for the rating level due weak operating performance in the newly
acquired private label business as well as in some of ConAgra's
core brands including Healthy Choice, Orville Redenbacher and
Chef-Boyardee. Total debt to EBITDA was 4.1x for fiscal year ended
May 25, 2014, operating EBITDA to gross interest expense was 5.6x,
and funds from operations (FFO) adjusted leverage was 5.2x. Fitch
estimates that ConAgra's leverage (total debt to EBITDA) should
decline to the low 3x level by the end of fiscal 2015 through a
combination of debt reduction and EBITDA improvement.

Consumer Foods' Gradual Recovery: The ratings and Outlook factor
in gradual improvement in Consumer Foods' operating performance in
fiscal 2015. The company is counting on volume improvement in its
larger brands along with expansion in faster growing channels and
its small international business. The shift to heavier
merchandising is ConAgra's short-term strategy for dealing with
the highly promotional environment, particularly in frozen foods
and canned pasta. However, Fitch and ConAgra are in agreement
that, over the long term, brand health is best supported by
advertising and innovation.

Ralcorp Synergies Achievable: Annual pre-tax cost savings of $300
million by the end of fiscal 2017 will be driven by supply chain
and other efficiencies. The company expects cost savings to
accelerate in fiscal 2015. The savings seem achievable based on
other industry transactions. However, the cost to achieve the
synergies typically outweighs the benefits initially.

Adequate Liquidity, Manageable Maturities: ConAgra maintains an
undrawn $1.5 billion revolving credit facility expiring Sept. 14,
2018 that provides backup to its commercial paper (CP) program.
The company had $137 million CP outstanding and $183 million cash
at May 25, 2014. Also at fiscal 2014 year end, ConAgra had $900
million outstanding on its term loan which matures Jan. 29, 2018.
Subsequent to the fiscal 2014 year end, the company repaid the
outstanding balance on the term loan and terminated the term loan.
The revolving credit facility requires ConAgra to repay borrowings
if consolidated debt exceeds 70% of consolidated capital during
the first four quarters commencing January 29, 2014, then 65%
thereafter, or if the company's fixed charge coverage ratio is
less than 1.75x on a rolling four quarter basis. After giving
effect to today's FRN issuance, ConAgra's upcoming long-term debt
maturities primarily consist of $1 billion due in fiscal 2016 and
$550 million due in fiscal 2017.

Rating Sensitivities

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

-- If ConAgra's planned leverage reduction falters significantly,
   which could occur due to shortfalls in earnings/cash flow due
   to lack of resolving the private label and core brand issues,
   such that leverage (total debt-to-operating EBITDA) remains at
   or above the mid-3.0x range.

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

-- A positive rating action is not anticipated in the near to
   intermediate term. Beyond this timeframe, a positive rating
   action could be supported by substantial and growing FCF
   generation potentially after the private brands and core brand
   issues are resolved, along with leverage consistently in the
   mid-2x range.

-- Maintenance of conservative financial policies, such as
   publicly stating that the company's financial strategies no
   longer include large acquisitions that require substantial debt
   financing, could also support an upgrade.

Fitch rates ConAgra and its subsidiary, Ralcorp Holdings, Inc.
(Ralcorp) as follows:

ConAgra Foods, Inc.

-- Long-term Issuer Default Rating (IDR) 'BBB-';
-- Senior unsecured notes 'BBB-';
-- Bank credit facility 'BBB-';
-- Subordinated notes 'BB+';
-- Short-term IDR 'F3';
-- Commercial paper 'F3'.

Ralcorp Holdings, Inc.

-- Long-term IDR 'BBB-';
-- Senior unsecured notes 'BBB-'.

The Rating Outlook is Stable.


CORNERSTONE HOMES: July 31 Hearing on Bid to Sell 2 NY Properties
-----------------------------------------------------------------
The Bankruptcy Court will convene a hearing on July 31, 2014, at
9:00 a.m., to consider two motions filed by Michael H. Arnold,
Chapter 11 Trustee for Cornerstone Properties, Inc., seeking
authorization to sell the estate's interest in:

     (1) a real property located at 595 Filkins Road, Town
         of Arcadia, Wayne County, New York;

     (2) a real property located at 8783 Brown Road, Arkport,
         Town of Almond, Allegany County, New York.

According to the trustee, the Wayne County property consists of
approximately one acre, with a single family residence.  The
property was listed through a realtor, and the estate has received
an offer of $99,000 minus a 5% concession for a sale price of
$94,050.  The property is subject to a mortgage lien held by Lyons
National Bank, which has agreed to accept $85,000 to release that
lien.

After realtors fees and other closing costs, the sale of the Wayne
County property will result in a minimal net recovery to the
estate, however, the estate will benefit by removing this non-
producing property from its inventory, will eliminate the
continuing expenses related to carrying it, and will reduce the
total balance owed to Lyons National Bank.  The trustee also seeks
authorization to pay attorney's fee to the attorney for the
trustee, Place & Arnold, in the amount of $500, and a realtor's
commission to Carol Verbridge, Nothnagle Realtors in the amount of
$5,643.

In a separate filing, the trustee says the Allegany County
property consists of approximately 3 acres, with a mobile home.
There is an addition annexed to the mobile home, however, the two
structures have separated, the interior has been severely damaged
throughout, and the property is presently uninhabitable. The
estate has received a non-contingent cash offer of $7,500. There
are no known liens against the property.  The buyer will pay for
any required survey and all recording costs.  The trustee also
seeks to pay an attorney's fee to Place & Arnold, in the amount of
$500.  No realtor was involved in bringing about the sale.

                    About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and is
engaged in the business of buying, selling and leasing single
family homes in the State of New York, with such properties
primarily located in the South Central and South Western portions
of the State.

Cornerstone Homes Inc., filed a Chapter 11 petition (Bankr.
W.D.N.Y. Case No. 13-21103) on July 15, 2013, in Rochester
alongside a reorganization plan already accepted by 96 percent of
unsecured creditors' claims.

The Debtor disclosed assets of $18,561,028 and liabilities of
$36,248,526.  Four secured lenders with $21.8 million in claims
are to be paid in full under the plan.  Unsecured creditors --
chiefly noteholders with $14.5 million in claims -- will have a 7
percent recovery.

Judge Paul R. Warren presides over the case.  Curtiss Alan
Johnson, Esq., and David L. Rasmussen, Esq., at Davidson Fink,
LLP, in Rochester, N.Y., serve as the Debtor's counsel.  The
Debtor has tapped GAR Associates to appraise a selection of its
properties to support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

Cornerstone Homes Inc. delivered to the Bankruptcy Court a First
Amended Plan of Reorganization and explanatory Disclosure
Statement on Jan. 3, 2014.  The Amended Plan supersedes the Plan
Cornerstone prepared prior to filing for bankruptcy.  The Debtor
intends to liquidate properties over a period of time, so as to
achieve maximum recovery for the creditors while avoiding a
deleterious affect on the housing market.  The Plan provides for a
distribution of $1 million as an Unsecured Distribution Amount.
Owner David Fleet will pledge up to $1 million to fund
distributions under the Plan.  It also provides for the
distribution of the stock in the Reorganized Debtor to holders of
Allowed Unsecured Noteholder Claims under Class 5.  The Class 5
Claimants are expected to receive 7% plus distribution of stock on
the Distribution Date.  The Claimants are impaired and entitled to
vote on the Plan.

No hearing was slated to consider the Amended Plan documents.
Instead, the Court accepted the request of the Committee to
appoint a Chapter 11 trustee to replace management.  The Court
approved the appointment of Michael H. Arnold, Esq., as Chapter 11
trustee.  He is represented by his law firm, Place and Arnold as
his counsel.


CRUMBS BAKE SHOP: Lemonis Fischer to Acquire Company's Business
---------------------------------------------------------------
Crumbs Bake Shop, Inc., 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 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.

                          Loan Assignment

On July 10, 2014, the Senior Secured Loan and Security Agreement
dated as of Jan. 20, 2014, by and among Fischer Enterprises,
L.L.C., Crumbs Holdings LLC, Crumbs Bake Shop, Inc., and the
outstanding obligations under the Notes issued pursuant thereto,
were assigned by Fischer pursuant to an Assignment of Loan and
Loan Documents to Lemonis Fischer Acquisition Company, LLC.  In
connection therewith, the Company and Lemonis Fischer Acquisition
entered into a First Amendment to Senior Secured Loan and Security
Agreement and the Company entered into an Amended and Restated
Note in favor of the Lemonis Fischer Acquisition, each dated
July 10, 2014.

Pursuant to the Amendment, Lemonis Fischer Acquisition made an
additional term loan to the Company in the original principal
amount of $317,000, which was disbursed in a single advance on
July 10, 2014.  The Amended Note is an amendment and restatement
of Original Notes (the outstanding balances of which on July 10,
2014, were $3,603,736 and $1,593,509 respectively) and
consolidated the debt of the Original Notes and the Tranche III
Loan.  The principal amount of the Amended Note is $5,514,245,
which note will accrue interest at 7% per annum.  All outstanding
principal and accrued but unpaid interest will be due on Oct. 8,
2014.

The Amendment also provided for a forbearance by Lemonis Fischer
Acquisition of all existing Events of Default under the Original
Loan Agreement, and an agreement to forbear so long as (i) the
Company and certain of its subsidiaries commence Chapter 11
bankruptcy proceedings in the United States Bankruptcy Court for
the District of New Jersey on or before July 11, 2014, (ii) the
Bankruptcy Court enters an order in the Bankruptcy Proceeding
approving a debtor in possession loan by Lemonis Fischer
Acquisition to the Debtors in an amount not to exceed $1,133,000,
pursuant to a Superpriority Debtor-in-Possession Credit and
Security Agreement in form and substances satisfactory to Lemonis
Fischer Acquisition on or before July 25, 2014, and (iii)
execution and delivery by the Debtors to Lemonis Fischer
Acquisition of the DIP Credit Agreement and related security
agreements pursuant to the DIP Order on or before the Termination
Date.

                          NASDAQ Delisting

On July 10, 2014, The NASDAQ Stock Market filed a Form 25 NSE with
the Securities and Exchange Commission removing the common stock
from listing and registration on Nasdaq.  As previously disclosed
by the Company, Nasdaq notified the Company that it would be
suspending the trading of the common stock effective at the
opening of business on July 1, 2014.  The Company's common stock
was delisted from Nasdaq as a result of the Company's failure to
meet the standards for listing as set for in Nasdaq Listing Rule
5500(b).  Since its delisting from Nasdaq, the Company's units,
warrants and common stock have been quoted on the OTC Pink
Marketplace under the trading symbols "CRMBU", "CRMBW" and "CRMB",
respectively.

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.

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: Reynolds Reports 6.33% Equity Stake
-----------------------------------------------------
W Noah Reynolds disclosed in a Schedule 13G filing with the
Securities and Exchange Commission that he may be deemed to
beneficially own 800,000 shares or 6.33% of the common stock of
Crumbs Bake Shop, Inc.  This is based on the 12,469,073 Common
Shares and 234,000 Preferred Shares reported on the Company's Form
10-Q as of March 31, 2014.

                      About Crumbs Bake Shop

Crumbs Bake Shop, Inc. (OTCBB: CRMB), a New York-based cupcake
specialty store chain, 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.  Glass Ratner is serving as Crumbs' financial advisor.
Prime Clerk LLC is the Debtors' claims and noticing agent.  Judge
Michael B. Kaplan oversees the jointly administered cases.

On July 7, 2014, the Board of Directors of Crumbs Bake Shop
determined to cease operations effective immediately.  The Board's
determination was made after the Company lacked sufficient
liquidity to maintain current operations.

On the petition date, Crumbs 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 Chapter 11 filing.  The Company hopes to complete
the sale process in approximately 60 days, pending receipt of the
necessary approvals from the Bankruptcy Court.

Lemonis Fischer Acquisition is represented by Louis Price, Esq.,
at McAfee & Taft PC.


CSM BAKERY: Moody's Affirms B2 Corp. Family Rating; Outlook Neg.
----------------------------------------------------------------
Moody's Investors Service, Inc. affirmed the B2 Corporate Family
Rating (CFR) of CSM Bakery Solutions Limited ("CSM Limited",
formerly CSM Bakery Supplies Limited), and affirmed the subsidiary
debt instrument ratings on its proposal to expand its senior
secured term loans by $313 million to partially fund a one-time
cash distribution to the equity sponsor. The ratings outlook was
changed to negative from stable.

CSM Bakery Solutions LLC ("CSM LLC", formerly CSM Bakery Supplies
LLC), the US operating subsidiary of CSM Limited and borrower
under the loan facilities plans to increase the size of its $693
million first-lien term loan to $850 million and its $150 million
second-lien term loan to $306 million to fund a portion of a
EUR300 million (approximately $425 million) dividend. The
remaining portion of the dividend will be funded through cash on
hand and a small short-term draw from its asset based revolving
credit facility (not rated).

The ratings affirmation reflects Moody's expectation that while
the proposed recapitalization will result in high leverage --
proforma debt/EBITDA will to rise to approximately 6.8x from about
5.3x -- leverage should decline comfortably below 6.0x within a
year, barring any unforeseen operational challenges. The negative
outlook reflects the lack of a proven operating track record under
the new management team and an apparent shift to a more aggressive
financial policy than Moody's anticipated when the equity sponsors
(Rhone Capital and affiliates) purchased the company about a year
ago.

"The proposed debt-financed dividend will add about a turn-and-a -
half of leverage to a business that was already highly leveraged
based on its low-margins and limited operating history as a stand-
alone entity," commented Brian Weddington, a Moody's Senior Credit
Officer. "However, free cash flow should be adequate to restore
credit metrics within Moody's 18-month rating horizon," added Mr.
Weddington.

Rating Rationale

The B2 CFR reflects CSM Limited's high financial leverage, thin
profit margins, limited operating history as a stand-alone company
and aggressive financial policy. These negative factors are
balanced against Moody's expectation of relatively stable
operating performance, positive free cash flow generation, and
some scope for modest earnings improvements driven by cost savings
initiatives and favorable sales mix. The ratings also reflect CSM
Limited's leading position in the narrowly-defined premium bakery
supplies market, especially in the company's core U.S. and Europe
regions.

Moody's took the following rating actions:

Ratings affirmed:

CSM Bakery Solutions Limited

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

CSM Bakery Solutions LLC

Senior secured first-lien term loan at B1 LGD3;

Senior secured second-lien term loan at B3 LGD5.

The rating outlook is negative.

The rating on the first-lien debt is rated one notch above the CFR
reflecting first-lien creditors' senior position in right of
payment ahead of at least $306 million of proposed second-lien
secured debt instruments and around $450 million of unsecured
pension liabilities and non-priority payables. The rating on the
second-lien debt is rated one-notch below the CFR reflecting the
instruments' effective subordination to about $1 billion of first-
lien debt instruments (including an unrated $150 million asset-
backed revolver). The first- and second-lien term loans are
guaranteed by CSM Bakery Solutions Limited, its holding company
(Mill UK Holdings 5 Limited) and certain subsidiaries.

The outlook could be changed back to stable from negative if CSM
Limited sustains stable operating performance and moderates its
financial policy.

A rating downgrade is possible if operational challenges or
aggressive financial policy deteriorates financial metrics or
liquidity. Quantitatively, if debt/EBITDA is sustained above 6.0x
a downgrade could occur.

Given CSM LLC's relatively limited operating history as a
standalone entity, a rating upgrade is unlikely in the near term.
However an upgrade could occur if the company is able to reduce
and sustain debt/EBITDA below 4.75x and significantly improve
EBITA margins.

CSM Bakery Solutions Limited produces and distributes bakery
products and ingredients for artisan and industrial bakeries, and
for in-store and out-of-home markets, mainly in Europe and North
America. The company supplies customers with finished or semi-
finished products and bakery ingredients. In fiscal 2013, CSM
Limited generated net sales of approximately $3.5 billion. The
company is owned and controlled by investment funds associated
with Rh"ne Capital. In July 2013, affiliates of Rh"ne Capital
purchased CSM Bakery Supplies from Netherlands-based CSM NV for an
enterprise value of EUR 1,050 million.

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


DETROIT, MI: Hedge Funds Bet $745M on Kilpatrick Debt
-----------------------------------------------------
Nathan Bomey, writing for The Detroit Free Press, reported that
several hedge funds are betting they can profit from Detroit's
bankruptcy, snapping up more than $750 million of the city's
distressed debt.  According to the report, a court filing shows
that Panning Capital Management bought $219 million, Aurelius
Capital Management picked up $194 million, Bronze Gable got $158
million, Monarch Alternative Capital purchased $147 million and
Stone Lion Capital Partners acquired $32 million.

                  About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.


DETROIT, MI: Rapped for Disclosing Sensitive Creditor Docs
----------------------------------------------------------
Law360 reported that Detroit's bankruptcy judge ordered the city
to reimburse $10,000 that a bond insurer and restructuring plan
opponent spent corralling confidential documents the city
inadvertently leaked to other creditors.  According to Law360,
U.S. Bankruptcy Judge Steven Rhodes determined that Assured
Guaranty Municipal Corp., a creditor that has insured or reinsured
$2.24 billion in Detroit municipal bonds, was entitled to less
than a quarter of the $45,000 it had requested in connection with
a successful motion compelling the city to claw back a document
production.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that, in a hearing reserved for individuals who aren't
represented by lawyers, Judge Rhodes got an earful from the city's
citizens, retirees, and city workers regarding their treatment
under the proposed municipal debt-adjustment plan.

The city's public workers, retirees and bondholders finished
voting on July 11 on the debt of adjustment, Steven Church,
writing for Bloomberg News, reported.  Reuters, citing voting
results filed in court, reported on July 22 that the city's
workers and retirees voted in favor of the plan.

Only four classes of Detroit creditors, including limited-tax
general obligation bonds and pension debt, voted to reject the
plan, while six accepted it, Reuters related.  Because Detroit's
debt-adjustment plan failed to win universal acceptance from
creditors, the city will be forced to use the so-called cramdown
process, Mr. Rochelle said.  Holders of about $2.4 billion in
certificates of participation issued by Financial Guaranty
Insurance Co. were unanimous in opposition to the plan, Mr.
Rochelle related.

The 27-day confirmation hearing for approval of the plan begins
Aug. 14, Mr. Rochelle said.

                  About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit listed
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.


DIAMONDBACK ENERGY: Moody's Hikes Corp. Family Rating to B2
-----------------------------------------------------------
Moody's Investors Service upgraded Diamondback Energy, Inc.'s
Corporate Family Rating (CFR) to B2 from B3, Probability of
Default Rating (PDR) to B2-PDR from B3-PDR, and its senior
unsecured note rating to B3 from Caa1. At the same time, the
rating outlook was changed to positive from stable. The
Speculative Grade Liquidity Rating was affirmed at SGL-2.

"The upgrade and positive outlook reflect the significant increase
in Diamondback's production, reserves and cash flows since Moody's
initial rating assignment in September 2013 and Moody's
expectation of continued growth through 2015 from an accelerated
horizontal drilling program," commented Sajjad Alam, Moody's
AVP/Analyst. "Diamondback's credit profile has benefited from two
accretive acquisitions in 2014, backed by significant equity
issuances, and the successful initial public offering of Viper
Energy Partners (VEP), which is 92% owned by Diamondback and has a
current market capitalization of about $2.5 billion."

Issuer: Diamondback Energy, Inc.

Upgraded:

Corporate Family Rating, Upgraded to B2 from B3

Probability of Default Rating, Upgraded to B2-PD from B3-PD

Senior Unsecured Rating, Upgraded to B3 from Caa1

Affirmed:

Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Action:

Changed outlook to positive from stable

Ratings Rationale

Diamondback's B2 CFR reflects its Permian Basin focused growing
E&P operations that will consume significant amount of capital and
generate negative free cash flow through 2015. Diamondback plans
to add two more horizontal rigs in early 2015 and one additional
rig in mid-2015 to accelerate its current five-rig horizontal
drilling program. The CFR is supported by the company's strong
cash margins from an oil-weighted production platform, deep
drilling inventory in the prolific Midland Basin featuring stacked
pay zones and predictable geology, high degree of operational
control, and significant alternative liquidity through its
ownership interest in VEP.

The company announced a $538 million acquisition on July 21, 2014
that will add approximately 2,200 boe of daily production, 5.2
million boe of proved reserves and 13,000 net acres to its
existing Permian Basin footprint further strengthening its
position in the region. The company has also launched an equity
offering to fund the acquisition that could raise up to $480
million. The balance of the purchase price will likely be financed
with cash and revolver borrowings.

Diamondback should have good liquidity through 2015, which is
reflected in Moody's SGL-2 Speculative Grade Liquidity Rating. Pro
forma for the proposed equity offering and the acquisition, the
company will have about $250 million of available borrowing
capacity under its revolving credit line as of March 31, 2014. The
borrowing base is expected to grow in tandem with reserves.
Therefore, future funding gaps can be bridged with revolver
drawings. There should be sufficient headroom under the financial
covenants governing the credit facility to provide continued
access through 2015.

Diamondback's unsecured notes are rated B3, one notch below the B2
CFR given the significant size of the priority claim senior
secured revolving credit facility in the liability structure. The
revolver has first-lien claims to substantially all of
Diamondback's assets, and the $350 million borrowing base is
expected to remain unchanged post the acquisition and the note
issue.

The positive outlook assumes that production and operating cash
flows will continue to show strong growth through 2015 improving
leverage metrics.

An upgrade could be considered if Diamondback can raise production
near 30,000 boe per day while maintaining the debt to average
daily production ratio under $35,000 pre boe.

A negative rating action is unlikely in 2014, but could be
triggered by a leveraging transaction or weak liquidity. Moody's
could downgrade the CFR if the debt to average daily production
ratio rises above 45,000 per boe.

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

Based in Midland, Texas, Diamondback Energy, Inc. is an oil and
gas exploration and production company with primary focus on the
Wolfberry play of the Permian Basin in West Texas.


DOLAN CO: Gets Court Approval to Remove Lawsuits Until Oct. 19
--------------------------------------------------------------
U.S. Bankruptcy Judge Brendan Shannon has given The Dolan Co.
until October 19 to file notices of removal of lawsuits involving
the company and its affiliated debtors.

                     About The Dolan Company

Minneapolis, Minn.-based The Dolan Company (OTC:DOLN) and its
subsidiaries provide professional services and business
information to the legal, financial and real estate sectors.

The Dolan Company and several affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 14-10614 to
14-10637) on March 23, 2014.  The Company has said it expects to
emerge from bankruptcy within two months.

Judge Brendan L. Shannon oversees the cases.  Marc Kieselstein,
P.C., Jeffrey D. Pawlitz, Esq., and Joseph M. Graham, Esq., at
Kirkland & Ellis LLP, serve as the Debtors' counsel.  Timothy P.
Cairns, Esq., Laura Davis Jones, Esq., and Michael Seidl, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.

Kevin Nystrom serves as the Company's chief restructuring officer.
Faegre Baker Daniels LLP serves as the Debtors' special counsel;
Peter J. Solomon Company serves as financial advisors; and
Kurtzman Carson Consultants, LLC, serves s noticing and balloting
agent.  Deloitte Tax LLP serves as tax advisors.  Zolfo Cooper LLC
also serves as advisors.

Dolan listed $236.2 million in total assets and $185.9 million in
total debts at Sept. 30, 2013.  The petitions were signed by Vicki
J. Duncomb, authorized signatory.

Global investment management firm T. Rowe Price Associates, Inc.,
owns nearly 10% of the company's stock, while James Dolan owns
6.8%.

Dolan's e-discovery business, DiscoverReady LLC, did not file a
chapter 11 petition and its operations will not be affected by the
chapter 11 process.

On March 18, 2014, Dolan and its lenders and certain of its swap
counterparties executed a restructuring support agreement that
sets forth the material terms of the chapter 11 restructuring and
secures the support of the secured creditors for that process. In
accordance with the RSA, the Company commenced solicitation for
votes on the chapter 11 plan from secured creditors, the only
parties entitled to vote under the plan of reorganization.

The chapter 11 plan contemplates that the secured lenders will
become the owner of DiscoverReady and The Dolan Company upon the
completion of the restructuring process and each business will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will become the majority owner of
DiscoverReady and The Dolan Company.  Bayside Capital is an
affiliate of H.I.G. Capital, a global private investment firm with
more than $15 billion of equity capital under management.

The chapter 11 plan process will allow the filing subsidiaries of
the Company to deleverage its capital structure by reducing its
projected secured debt obligations from approximately $170 million
to approximately $50 million.  The RSA also secures support from
the lenders to refinance DiscoverReady's capital structure with a
$10 million unfunded secured revolving facility.  The existing
preferred and common shares will be cancelled and will not receive
a recovery in the chapter 11 plan.  After emergence from
bankruptcy, both The Dolan Company and DiscoverReady LLC will be
privately held companies.

The lenders are to provide a $10 million DIP loan to fund the cash
needs of the Company and DiscoverReady through the reorganization
process.

Bayside Capital is represented in the case by Akin Gump Strauss
Hauer & Feld LLP's Michael S. Stamer, Esq., and Sarah Link
Schultz, Esq.

An Official Committee of Equity Security Holders is represented by
Neil B. Glassman, Esq., GianClaudio Finizio, Esq., and Justin R.
Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware; Robert J.
Stark, Esq., at Brown Rudnick LLP, in New York; and Steven B.
Levine, Esq., at Brown Rudnick LLP, in Boston, Massachusetts.

The Debtors have filed a request to disband the Equity Committee,
given the "hopeless insolvency" of their estates.

Dolan Company and its subsidiaries on June 12 disclosed that
they have emerged from chapter 11 only 81 days after voluntarily
filing for bankruptcy protection.  As previously announced, the
United States Bankruptcy Court for the District of Delaware
confirmed the Company's plan of reorganization on June 9, 2014.


DOLAN CO: Settles Dispute With Nantahala Over Stock Acquisition
---------------------------------------------------------------
The Dolan Co. received court approval for a deal that would
resolve a dispute over the acquisition of stock by clients of
Nantahala Capital Management, LLC.

Almost four months ago, certain Nantahala clients acquired from
the company 1.5 million shares of common stock as well as 129,825
shares of preferred stock.

In April, after the companies failed to resolve their dispute over
whether or not the acquisition violated a prior court order which
approved a procedure for the transfer of Dolan stock, Nantahala
filed a motion in which it sought confirmation that the
acquisition complied with the court order.

To settle their dispute, Dolan agreed to "retroactively waive" the
application of the provisions of the stock transfer procedure to
Nantahala with respect to the acquisition by its clients of 34,930
shares of preferred stock.

The agreement also requires Dolan to pay $35,000 to Nantahala.
The payment does not represent payment to Nantahala on account of
any interest in the Dolan stock but is attributable to the
companies' "mutual desire to avoid the added cost and expense of
fully litigating the issues raised," according to the agreement.

A full-text copy of the settlement agreement is available without
charge at http://is.gd/g4PaOa

                     About The Dolan Company

Minneapolis, Minn.-based The Dolan Company (OTC:DOLN) and its
subsidiaries provide professional services and business
information to the legal, financial and real estate sectors.

The Dolan Company and several affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 14-10614 to
14-10637) on March 23, 2014.  The Company has said it expects to
emerge from bankruptcy within two months.

Judge Brendan L. Shannon oversees the cases.  Marc Kieselstein,
P.C., Jeffrey D. Pawlitz, Esq., and Joseph M. Graham, Esq., at
Kirkland & Ellis LLP, serve as the Debtors' counsel.  Timothy P.
Cairns, Esq., Laura Davis Jones, Esq., and Michael Seidl, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.

Kevin Nystrom serves as the Company's chief restructuring officer.
Faegre Baker Daniels LLP serves as the Debtors' special counsel;
Peter J. Solomon Company serves as financial advisors; and
Kurtzman Carson Consultants, LLC, serves s noticing and balloting
agent.  Deloitte Tax LLP serves as tax advisors.  Zolfo Cooper LLC
also serves as advisors.

Dolan listed $236.2 million in total assets and $185.9 million in
total debts at Sept. 30, 2013.  The petitions were signed by Vicki
J. Duncomb, authorized signatory.

Global investment management firm T. Rowe Price Associates, Inc.,
owns nearly 10% of the company's stock, while James Dolan owns
6.8%.

Dolan's e-discovery business, DiscoverReady LLC, did not file a
chapter 11 petition and its operations will not be affected by the
chapter 11 process.

On March 18, 2014, Dolan and its lenders and certain of its swap
counterparties executed a restructuring support agreement that
sets forth the material terms of the chapter 11 restructuring and
secures the support of the secured creditors for that process. In
accordance with the RSA, the Company commenced solicitation for
votes on the chapter 11 plan from secured creditors, the only
parties entitled to vote under the plan of reorganization.

The chapter 11 plan contemplates that the secured lenders will
become the owner of DiscoverReady and The Dolan Company upon the
completion of the restructuring process and each business will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will become the majority owner of
DiscoverReady and The Dolan Company.  Bayside Capital is an
affiliate of H.I.G. Capital, a global private investment firm with
more than $15 billion of equity capital under management.

The chapter 11 plan process will allow the filing subsidiaries of
the Company to deleverage its capital structure by reducing its
projected secured debt obligations from approximately $170 million
to approximately $50 million.  The RSA also secures support from
the lenders to refinance DiscoverReady's capital structure with a
$10 million unfunded secured revolving facility.  The existing
preferred and common shares will be cancelled and will not receive
a recovery in the chapter 11 plan.  After emergence from
bankruptcy, both The Dolan Company and DiscoverReady LLC will be
privately held companies.

The lenders are to provide a $10 million DIP loan to fund the cash
needs of the Company and DiscoverReady through the reorganization
process.

Bayside Capital is represented in the case by Akin Gump Strauss
Hauer & Feld LLP's Michael S. Stamer, Esq., and Sarah Link
Schultz, Esq.

An Official Committee of Equity Security Holders is represented by
Neil B. Glassman, Esq., GianClaudio Finizio, Esq., and Justin R.
Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware; Robert J.
Stark, Esq., at Brown Rudnick LLP, in New York; and Steven B.
Levine, Esq., at Brown Rudnick LLP, in Boston, Massachusetts.

The Debtors have filed a request to disband the Equity Committee,
given the "hopeless insolvency" of their estates.

Dolan Company and its subsidiaries on June 12 disclosed that
they have emerged from chapter 11 only 81 days after voluntarily
filing for bankruptcy protection.  As previously announced, the
United States Bankruptcy Court for the District of Delaware
confirmed the Company's plan of reorganization on June 9, 2014.


DOLAN CO: Court Orders Reallocation of Proceeds from Equity Trust
-----------------------------------------------------------------
U.S. Bankruptcy Judge Brendan Shannon granted the motion of
Nantahala Capital Management to reallocate the proceeds from a
trust to holders of common stock and preferred stock of The Dolan
Co.

Pursuant to the court order, the proceeds of Dolan's assets held
in the trust will be allocated as follows: (i) 33.33% will be
allocated pro rata to holders of the preferred stock as of the
effective date of Dolan's restructuring plan; and (ii) 66.67% will
be allocated pro rata to holders of the common stock as of the
effective date.

The trust will pay Nantahala $50,000 in cash as reimbursement for
a portion of its legal fees and expenses incurred in connection
with the motion.

                     About The Dolan Company

Minneapolis, Minn.-based The Dolan Company (OTC:DOLN) and its
subsidiaries provide professional services and business
information to the legal, financial and real estate sectors.

The Dolan Company and several affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 14-10614 to
14-10637) on March 23, 2014.  The Company has said it expects to
emerge from bankruptcy within two months.

Judge Brendan L. Shannon oversees the cases.  Marc Kieselstein,
P.C., Jeffrey D. Pawlitz, Esq., and Joseph M. Graham, Esq., at
Kirkland & Ellis LLP, serve as the Debtors' counsel.  Timothy P.
Cairns, Esq., Laura Davis Jones, Esq., and Michael Seidl, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.

Kevin Nystrom serves as the Company's chief restructuring officer.
Faegre Baker Daniels LLP serves as the Debtors' special counsel;
Peter J. Solomon Company serves as financial advisors; and
Kurtzman Carson Consultants, LLC, serves s noticing and balloting
agent.  Deloitte Tax LLP serves as tax advisors.  Zolfo Cooper LLC
also serves as advisors.

Dolan listed $236.2 million in total assets and $185.9 million in
total debts at Sept. 30, 2013.  The petitions were signed by Vicki
J. Duncomb, authorized signatory.

Global investment management firm T. Rowe Price Associates, Inc.,
owns nearly 10% of the company's stock, while James Dolan owns
6.8%.

Dolan's e-discovery business, DiscoverReady LLC, did not file a
chapter 11 petition and its operations will not be affected by the
chapter 11 process.

On March 18, 2014, Dolan and its lenders and certain of its swap
counterparties executed a restructuring support agreement that
sets forth the material terms of the chapter 11 restructuring and
secures the support of the secured creditors for that process. In
accordance with the RSA, the Company commenced solicitation for
votes on the chapter 11 plan from secured creditors, the only
parties entitled to vote under the plan of reorganization.

The chapter 11 plan contemplates that the secured lenders will
become the owner of DiscoverReady and The Dolan Company upon the
completion of the restructuring process and each business will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will become the majority owner of
DiscoverReady and The Dolan Company.  Bayside Capital is an
affiliate of H.I.G. Capital, a global private investment firm with
more than $15 billion of equity capital under management.

The chapter 11 plan process will allow the filing subsidiaries of
the Company to deleverage its capital structure by reducing its
projected secured debt obligations from approximately $170 million
to approximately $50 million.  The RSA also secures support from
the lenders to refinance DiscoverReady's capital structure with a
$10 million unfunded secured revolving facility.  The existing
preferred and common shares will be cancelled and will not receive
a recovery in the chapter 11 plan.  After emergence from
bankruptcy, both The Dolan Company and DiscoverReady LLC will be
privately held companies.

The lenders are to provide a $10 million DIP loan to fund the cash
needs of the Company and DiscoverReady through the reorganization
process.

Bayside Capital is represented in the case by Akin Gump Strauss
Hauer & Feld LLP's Michael S. Stamer, Esq., and Sarah Link
Schultz, Esq.

An Official Committee of Equity Security Holders is represented by
Neil B. Glassman, Esq., GianClaudio Finizio, Esq., and Justin R.
Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware; Robert J.
Stark, Esq., at Brown Rudnick LLP, in New York; and Steven B.
Levine, Esq., at Brown Rudnick LLP, in Boston, Massachusetts.

The Debtors have filed a request to disband the Equity Committee,
given the "hopeless insolvency" of their estates.

Dolan Company and its subsidiaries on June 12 disclosed that
they have emerged from chapter 11 only 81 days after voluntarily
filing for bankruptcy protection.  As previously announced, the
United States Bankruptcy Court for the District of Delaware
confirmed the Company's plan of reorganization on June 9, 2014.


ELBIT IMAGING: Unit's Debt Restructuring Plan Declared Effective
----------------------------------------------------------------
Elbit Imaging Ltd. said that Plaza Centers N.V. has announced that
following the Dutch Court approving Plaza's restructuring plan on
July 9, 2014, Plaza has received confirmation that the decision of
the Court has become irrevocable and, as a result, the date of
July 18, 2014, is the "Effective Date" as defined in the Plan on
which the Plan becomes binding and effective.  As a consequence of
the confirmation decision becoming final, Plaza's suspension of
payment proceedings, which commenced on Nov. 18, 2013, has come to
an end and Plaza has successfully emerged from the reorganization
proceedings.  Accordingly, the administrator appointed by the
Court to manage the affairs of Plaza alongside its existing
management is no longer in office and Plaza's management has
resumed full control of the business.

                      About Elbit Imaging Ltd.

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors -
- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.

Elbit Imaging reported a loss of NIS1.56 billion on
NIS360.59 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS483.98 million on NIS418.48
million of total revenues in 2012.  The Company's balance sheet at
Dec. 31, 2013, showed NIS4.56 billion in total assets, NIS4.97
billion in total liabilities and a NIS408.63 million shareholders'
deficit.

Brightman Almagor Zohar & Co., a member firm of Deloitte Touche
Tohmatsu, in Tel-Aviv, Israel, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.


ENERGY FUTURE: 2nd Lien Settlement Expiration Date Extended
-----------------------------------------------------------
Energy Future Intermediate Holding Company LLC, a wholly-owned
subsidiary of Energy Future Holdings Corp., and EFIH Finance Inc.
on July 21 disclosed that the expiration date of its previously
announced offer to purchase EFIH Second Lien Notes for cash as a
voluntary settlement with respect to the Issuer's obligations
under the EFIH Second Lien Notes has been extended to 5:00 p.m.,
New York City time, on July 25, 2014.  Other than the extension of
the Expiration Date, the terms of the Offer are unchanged.

The EFIH Second Lien Settlement is open to all holders of the
Issuer's 11% Senior Secured Second Lien Notes due 2021 and 11.750%
Senior Secured Second Lien Notes due 2022.  As of 5:00 p.m.,
New York City time, on July 18, 2014, approximately $162 million
of EFIH Second Lien Notes (approximately 8% of the outstanding
EFIH Second Lien Notes) had been tendered in the Offer.  In
addition, pursuant to the Restructuring Support and Lock-Up
Agreement, dated April 28, 2014 (as amended), to which the Issuer
is a party, certain holders holding, in the aggregate,
approximately $760 million of EFIH Second Lien Notes
(approximately 35% of the outstanding EFIH Second Lien Notes) have
agreed to the EFIH Second Lien Settlement on the terms provided in
such agreement.

Epiq Systems is serving as the Offer Agent and Depositary Agent,
and may be contacted by telephone at (646) 282-2500 or toll free
at (866) 734-9393 or by email at tabulation@epiqsystems.com
(please reference "EFIH Second Lien Offer" in the subject line).

            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.


ESTATE FINANCIAL: Gets Court Nod to Sell Interest in Tract 2162
---------------------------------------------------------------
The Bankruptcy Court authorized Thomas P. Jeremiassen, the chapter
11 trustee for Estate Financial, Inc., to:

   1) sell interests in real property (Tract 2162, Phases 2-6,
      Lakeview Drive, Paso Robles, California) free and clear of
      liens or interests;

   2) pay closing costs including brokerage commissions;

   3) reimburse prepetition and postpetition advances; and

   4) dispose or distribute balance of proceeds.

The EFI Trustee is represented by:

         Robert B. Orgel, Esq.
         Samuel R. Maizel, Esq.
         Jeffrey L. Kandel, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         10100 Santa Monica Blvd., 13th Floor
         Los Angeles, CA 90067-4003
         Tel: (310) 300-2027
         Fax: (310) 201-0760
         E-mail: jkandel@pszjlaw.com

                        About Estate Financial

Estate Financial, Inc. -- http://www.estatefinancial.com/-- was a
license real estate brokerage firm since the later 1980's.  EFI
solicited funding for, and arranged and made, loans secured by
various real property.  EFI also was the sole manager of Estate
Financial Mortgage Fund LLC, which was organized for the purpose
of investing in and funding loans originated by EFI which were
secured by first deeds of trust encumbering commercial and real
estate located primarily in California and has been funding such
mortgage loans since 2002.

Five creditors of EFI filed an involuntary Chapter 11 petition
against the real estate broker on June 25, 2008 (Bankr. C.D.
Calif. Case No. 08-11457).  EFI consented to the bankruptcy
petition on July 16, 2008.

Robert B. Orgel, Esq., at Pachulski Stang Ziehl & Jones LLP, and
William C. Beall, Esq., at Beall and Burkhardt, represented the
Debtor as counsel.  A Chapter 11 trustee, Thomas P. Jeremiassen,
was appointed by the Court on July 23, 2008.  Robyn B. Sokol,
Esq., and Steven T. Gubner, Esq., at Ezra Brutzkus & Gubner,
represent the official committee of unsecured creditors as
counsel.  In its schedules, Estate Financial disclosed total
assets of $27,428,550, and total debts of $7,316,755.


EWGS INTERMEDIARY: First Amended Liquidation Plan Confirmed
-----------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware on July 22, 2014, issued a findings of fact,
conclusions of law, and order confirming the first amended
Chapter 11 plan of liquidation of EWGS Intermediary, LLC, and
Edwin Watts Golf Shops, LLC.

All objections, including the objection raised by ACE Property and
Casualty Insurance Company, pertaining to Confirmation that have
not been withdrawn, waived or settled are overruled.  In its
objection, ACE complained that the Plan could be construed to
allow the Plan Administrator to unilaterally amend the insurance
policies without the consent of the ACE Companies or extend the
coverage periods of the policies even if they may have expired in
accordance with their terms after the Petition Date.  To address
ACE's objection, Judge Walrath ruled that nothing in the Plan or
the Confirmation Order will prejudice any of the rights, claims or
defenses of ACE Property and Casualty Insurance Company under any
insurance policies under which the Debtors, the estates, or the
Plan Administrator seeks coverage.

Separately, the Debtors obtained authority from the Bankruptcy
Court to sell their rights to payments to which they may be
entitled pursuant to a class action interchange litigation free
and clear of all liens, claims and encumbrances to Cascade
Settlement Services, LLC.

                   About EWGS Intermediary

EWGS Intermediary and Edwin Watts Golf Shops, which operate as an
integrated, multi-channel retailer, offering brand name golf
equipment, apparel and accessories, filed for Chapter 11
protection on Nov. 4, 2013 (Bankr. D. Del. Lead Case No.
13-12876).  They are represented by Domenic E. Pacitti, Esq., and
Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg
LLP, in Wilmington, Delaware.  The Debtors tapped Bayshore
Partners LLC as their investment banker, FTI Consulting, LLC, as
their financial advisors, and Epiq Bankruptcy Solutions, LLC, as
claims and noticing agent.

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

Lawrence C. Gottlieb, Esq., Jay R. Indyke, Esq., Brent Weisenberg,
Esq., at Cooley LLP, serve as lead counsel to the Official
Committee of Unsecured Creditors.  Michael J. Merchant, Esq.,
Christopher M. Samis, Esq., and William A. Romanowies, Esq., at
Richards, Layton & Finger, P.A. serve as Delaware counsel.  The
Committee hired PricewaterhouseCoopers LLP as its financial
adviser.

The Debtors said total assets are greater than $100 million.  In
its schedules, EWGS Intermediary disclosed $0 in assets and
$77,801,784 in total liabilities.

Hilco Merchant Resources, a unit of Hilco Global, on Dec. 5, 2013,
disclosed that it has completed a $40 million deal to purchase all
the assets of golf retail brand Edwin Watts, in partnership with
GWNE, Inc., an affiliate of Worldwide Golf Shops.  The transaction
was approved by the bankruptcy court and closed on Dec. 5.


EXIDE TECHNOLOGIES: Committee Balks at Bid for Extra DIP Loan
-------------------------------------------------------------
Law360 reported that the Official Committee of Unsecured Creditors
in Exide Technologies Inc.'s Chapter 11 case object to the battery
maker's request for $65 million in additional debtor-in-possession
financing, arguing that it shouldn't be connected to a Chapter 11
plan support agreement with a group of noteholders that hasn't
been shared with unsecured creditors.

Law360 related that, chiefly, unsecured creditors don't want to
see the financing tied in any way to Exide striking a Chapter 11
plan support agreement with an unofficial committee of senior
secured noteholders, which also holds the majority of the debtor's
$500 million original DIP package, because the document has yet to
be entered into the court record, shared with the creditors
committee, or even referenced in the motion for the additional
financing.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that the Committee also complained that the fees -- $5.5
million, which represents about 7.7% of the funds being advanced -
- associated with the additional financing appear "extremely high"
when compared with the benefits provided.

The $674 million of 8.625 percent first-lien notes due 2018 last
traded on July 14 for 52.65 cents on the dollar, the Bloomberg
report said, citing Trace, the bond-price reporting system of the
Financial Industry Regulatory Authority.

                      About Exide Technologies

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

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

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

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

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

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

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.


F&H ACQUISITION: Seeks 3 More Months to Propose Chapter 11 Plan
---------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the former owner of Fox & Hound, Champps and Bailey's
Sports Grille casual dining restaurants, is seeking an additional
90 days to craft a Chapter 11 plan.  According to the report, if
U.S. Bankruptcy Judge Kevin Gross agrees to Fox & Hound's second
extension request at an Aug. 11 hearing, the new deadline will be
Oct. 13.

As required by a global settlement approved along with the sale,
the company and the creditors' committee are discussing an
appropriate exit mechanism, whether through confirmation of a
liquidating plan, conversion or a structured dismissal, the report
said, citing court papers filed July 10.

                  About F & H Acquisition Corp.

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

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

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

F & H Acquisition Corp., disclosed $122,115,200 in assets and
$122,579,631 in liabilities as of the Chapter 11 filing.

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

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

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

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


FISHERS CONFERENCE: Files Bankruptcy to Avoid Foreclosure
---------------------------------------------------------
Fishers Conference Center, LLC, which owns the Fishers Banquet &
Conference Center, filed for Chapter 11 bankruptcy (Bankr. S.D.
Ind. Case No. 14-06677) on July 17, 2014, listing under $1 million
in both assets and liabilities according to its petition available
at http://bankrupt.com/misc/insb14-06677.pdf Thomas Jay Curts,
Esq., at Coots, Henke & Wheeler, P.C., serves as bankruptcy
counsel.

Fishers Conference Center filed for bankruptcy to avoid a
sheriff's sale scheduled that day.

According to the Indianapolis Business Journal, Dan Kincaid said
his family is working to resolve a "technical" default on Fishers
Conference Center's $1.5 million mortgage.  Mr. Kincaid said the
issue relates to a personal guarantee his father, Donald, made for
the loan before he died in 2008.

IBJ reported in June 2014 that First Financial Bank filed a
foreclosure lawsuit in November, claiming Fishers Conference
Center had defaulted on its loan.  In April 2014, Hamilton
Superior Judge Steve Nation awarded the bank a $1.3 million
summary judgment.  After the summary judgment, the property was
set for sheriff's sale.

Mr. Kincaid said a separate entity, Fishers Hospitality Group LLC,
operates the venue and is not affected by the dispute, according
to the report.

Mr. Kincaid is president of sister firm Kincaid Realty Associates.


FREEDOM INDUSTRIES: Asks Court to Approve AIG Insurance Accord
--------------------------------------------------------------
Freedom Industries, Inc.'s bankruptcy filing was a result of an
incident on January 9, 2014, involving one of its storage tanks at
its Charleston facility.  Facts surrounding the incident are
subject to pending investigations.

Numerous lawsuits were filed against Freedom because of the
incident, giving rise to various types of claims including from
governmental agencies. Some creditors and claimants have already
inquired about the nature and extent of Freedom's insurance.

On the date of the incident, Freedom maintained two insurance
policies that provide coverage for pollution legal liability:

   (a) a commercial general liability and pollution legal
       liability policy issued by AIG Specialty Insurance Company;
       and

   (b) a commercial excess policy also issued by AIG Specialty.

The combined limits of liability under both policies applicable to
the incident are $3,000,000, with a deductible of $25,000. Payment
of defense costs erodes the limits of liability. Payment of
emergency response costs within 72 hours of the commencement of
the incident would also erode the $3,000,000 limits of liability.

The excess policy has additional coverages for crisis response and
crisis management expenses, with separate and distinct limits of
liability totaling $300,000. Following the incident, Freedom
retained a public relations firm, Abernathy MacGregor. The
Abernathy invoices fall within the crisis response/crisis
management limits of liability, but there are no other expenses
incurred by Freedom that are payable from the crisis
response/crisis management limits.

Mark E. Freedlander, Esq., at McGuirewoods LLP, in Pittsburg,
Pennsylvania, relates that Freedom requested that AIG Specialty
tender the limits of the policies for these reasons:

   (a) competing claims asserted against Freedom as a result of
       the incident are highly varied and would almost certainly
       exhaust the limits of the policies;

   (b) Freedom has already incurred substantial defense costs and
       emergency response costs that would be payable under the
       terms of the policies;

   (c) other potential insureds, including employees Gary Southern
       and Dennis Farrell, have been sued or may be sued as a
       result of the incident and have or may request defense and
       indemnity under the policies;

   (d) without the oversight of the Bankruptcy Court, it is likely
       that the payment of defense and other costs will
       substantially and quickly erode the limits of the policies;
       and

   (e) Freedom's bankruptcy estate has limited resources and would
       be impacted by the erosion of the policy limits.

AIG Specialty disputes the propriety of Freedom's demand at this
stage because the substantial majority of the claims remain
disputed, contingent and unliquidated.  AIG Specialty has also
reserved its rights as to certain coverage defenses that would
potentially apply to claims related to the incident.

Notwithstanding, AIG Specialty has advised Freedom that it is
prepared to compromise its position pursuant to a settlement
agreement, key terms of which include:

   (a) Freedom will sell and AIG Specialty will purchase the
       excess policy free and clear of all interests pursuant to
       Section 363 of the Bankruptcy Code for $3,000,000 less any
       amounts AIG Specialty has paid under the policies.

   (b) AIG Specialty will pay the invoice submitted by Abernathy
       for public relations services rendered in connection with
       the incident prior to the date of Freedom's Chapter 11
       petition.

   (c) AIG Specialty will continue to insure Freedom under the
       primary policy for losses unrelated to the incident up to
       an aggregate limit of $1,000,000.

Accordingly, Freedom seeks the Court's authority to effectuate the
settlement agreement with AIG Specialty.  In connection with the
sale, Freedom intends to hold the settlement amount in a
segregated account.

Freedom is represented by:

     Stephen L. Thompson, Esq.
     J. Nicholas Barth, Esq.
     BARTH & THOMPSON
     P.O. Box 129
     Charleston, WV 25321
     Telephone: (304) 342-7111
     Facsimile: (304) 342-6215

          - and -

     Mark E. Freedlander, Esq.
     MCGUIREWOODS LLP
     625 Liberty Avenue, 23rd Floor
     Pittsburgh, PA 15222
     Telephone: (412) 667-6000
     Facsimile: (412) 667-6050

                      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.


FURNITURE BRANDS: To Suspend SEC Reporting After Effective Date
---------------------------------------------------------------
FBI Wind Down, Inc., formerly known as Furniture Brands
International, Inc. intends to file a Form 15 with the Securities
and Exchange Commission to terminate and suspend reporting
requirements related to its common stock under the Securities
Exchange Act of 1934, as amended, following the Effective Date of
its bankruptcy plan.

As reported by the Troubled Company Reporter, FBI Wind on July 14,
2014, won confirmation of its Second Amended Joint Plan of
Liquidation as filed with the Bankruptcy Court on July 9.  The
effective date of the Plan has yet to be determined.

PURSUANT TO THE TERMS OF THE PLAN, ALL OF THE COMPANY'S EXISTING
EQUITY INTERESTS, CONSISTING OF AUTHORIZED AND OUTSTANDING SHARES
OF COMMON STOCK, WILL BE DEEMED CANCELLED UPON THE EFFECTIVE DATE,
AND THE COMPANY'S SHAREHOLDERS WILL NOT RECEIVE OR RETAIN ANY
DISTRIBUTION OR OTHER PROPERTY ON ACCOUNT OF THEIR SHARES.  AS OF
THE DATE OF THE CONFIRMATION ORDER, THERE WERE 7,940,054 SHARES OF
THE COMPANY'S COMMON STOCK OUTSTANDING.

The Plan provides for the appointment of a Liquidating Trustee to
administer the Plan and the Liquidating Trust. The Liquidating
Trustee will also serve as a representative of the Debtors'
estates for the purpose of enforcing causes of action belonging to
the Estates.  In addition, among other things, the Liquidating
Trustee will (i) administer, and make all payments required
pursuant to, the settlements by and among the Debtors, the Pension
Benefit Guaranty Corporation and the Creditors' Committee, as set
forth in the previously disclosed settlement agreement dated March
31, 2014 among such parties and (ii) take such actions as are
necessary and reasonable to carry out the purposes of the
Liquidating Trust, including winding down the Debtors' business
affairs.

Other than Administrative Expense Claims, Adequate Protection
Claims and Priority Tax Claims, the claims and interests in the
Debtors are divided into 17 classes.  The Plan generally
provides for payment in full, in cash, to holders of Allowed Class
1 Priority Non-Tax Claims and Allowed Class 2 Secured Tax Claims.
Holders of Allowed Class 3 Other Secured Claims are generally
entitled to either cash or the collateral securing such claims, in
all cases in full satisfaction of any such claims. Holders of
Allowed Classes 4A-4F General Unsecured Claims are generally
entitled to distributions of their pro rata share of the
applicable Debtors' net distributable assets, as described in the
Plan.  The Plan generally provides that each holder of Allowed
Classes 5A-5F Convenience Claims is entitled to receive cash in an
amount equal to a specified percentage of the amount of such
holder's claims.  Holders of Class 6 Subordinated Securities
Claims and Class 7 Equity Interests in Debtors will not receive or
retain any property under the Plan on account of such claims.

A copy of the Second Amended Joint Plan of Liquidation of FBI Wind
Down, Inc. and its Subsidiaries Under Chapter 11 of the Bankruptcy
Code, is available at http://is.gd/uHunpi

A copy of the Confirmation Order is available at
http://is.gd/ryOGZx

                      About Furniture Brands

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

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

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

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

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

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


GENCO SHIPPING: P. Georgiopoulos Owns Less Than 1% Equity Stake
---------------------------------------------------------------
Peter C. Georgiopoulos disclosed in an amended Schedule 13D filed
with the U.S. Securities and Exchange Commission that as of
July 9, 2014, he beneficially owned 419,431 shares of common stock
of Genco Shipping & Trading Limited representing 0.68 percent
based on 61,700,000 shares of Common Stock issued and outstanding
as of July 9, 2014, plus and assuming exercise of his Warrants to
purchase 419,431 shares of Common Stock.

Pursuant to Genco Shipping's First Amended Prepackaged Plan of
Reorganization, which was confirmed by the United States
Bankruptcy Court for the Southern District of New York, each share
of the Company's common stock outstanding prior to the Company's
emergence from bankruptcy was canceled on July 9, 2014, and the
holders thereof became entitled to receive, on a pro rata basis
with the other then-existing holders of the Company's outstanding
common stock, warrants to purchase shares of the Company's new
common stock, par value $0.01 per share.

A full-text copy of the regulatory filing is available at:

                      http://is.gd/4EbtZy

                  About Genco Shipping & Trading

New York-based Genco Shipping & Trading Limited (NYSE: GNK)
transports iron ore, coal, grain, steel products and other drybulk
cargoes along worldwide shipping routes.  Excluding Baltic Trading
Limited's fleet, Genco Shipping owns a fleet of 53 drybulk
vessels, consisting of nine Capesize, eight Panamax, 17 Supramax,
six Handymax and 13 Handysize vessels, with an aggregate carrying
capacity of approximately 3,810,000 dwt.  In addition, Genco
Shipping's subsidiary Baltic Trading Limited currently owns a
fleet of 13 drybulk vessels, consisting of four Capesize, four
Supramax, and five Handysize vessels.

Genco Shipping & Trading sought bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 14-11108) on April 21, 2014, to implement a
prepackaged financial restructuring that is expected to reduce the
Company's total debt by $1.2 billion and enhance its financial
flexibility.  The company's subsidiaries other than Baltic Trading
Limited (and related entities) also sought bankruptcy protection.

Genco, owned and controlled by Peter Georgiopoulos, disclosed
assets of $2.448 billion and debt of $1.475 billion as of Feb. 28,
2014.

Adam C. Rogoff, Esq., and Anupama Yerramalli, Esq., at Kramer
Levin Naftalis & Frankel LLP serve as the Debtors' bankruptcy
counsel.  Blackstone Advisory Partners, L.P., is the financial
advisor.  GCG Inc. is the claims and notice agent.

Wilmington Trust, N.A., in its capacity as successor
administrative and collateral agent under a 2007 credit agreement,
is represented by Dennis Dunne, Esq., and Samuel Khalil, Esq., at
Milbank Tweed Hadley & McCloy LLP.

Credit Agricole Corporate & Investment Bank, as agent and security
trustee under an August 2010 Loan Agreement; Deutsche Bank
Luxembourg S.A., as agent, and Deutsche Bank AG Fillale
Deutschlandgeschaft, as security agent and bookrunner under the
August 2010 Loan Agreement, are represented by Alan Kornberg,
Esq., Sarah Harnett, Esq., and Elizabeth McColm, Esq., at Paul
Weiss Rifkind Wharton & Garrison LLP.  Paul Weiss also represents
the Pre-Petition $100 Million and $253 Million Credit Facilities.

The Bank of New York Mellon, the indenture trustee for Genco's
5.00% Convertible Senior Notes due Aug. 15, 2014, and the
informal group of 5.00% Convertible Senior Notes due August 15,
2014, are represented by Michael Stamer, Esq., and Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP.  Akin Gump
also represents the Informal Convertible Noteholder Group.

Kirkland & Ellis LLP's Christopher J. Marcus, Esq., Paul M. Basta,
Esq., Eric F. Leon, Esq., represent for Och-Ziff Management LP.

Brown Rudnick LLP's William R. Baldiga, Esq., represents an Ad Hoc
Consortium of Equity Holders.

Orrick, Herrington & Sutcliffe LLP's Douglas S. Mintz, Esq.,
Washington, DC, represents Deutsche Bank as Pre-Petition Lender,
and Credit Agricole, Corporate Investment Bank, as Post-Petition
Bankruptcy Lender.

Dechert LLP's Allan S. Brilliant, Esq., represents the Entities
Managed by Aurelius Capital Management, LP.

The U.S. Trustee has appointed an Official Committee of Equity
Security Holders.  The Equity Committee members are (1) Aurelius
Capital Partners, LP; (2) Mohawk Capital LLC; and OZ Domestic
Partners, LP.  It is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., Michael G. Burke, Esq., James F. Conlan,
Esq., and Larry J. Nyhan, Esq., at Sidley Austin LLP.

Genco has filed a motion to disband the Equity Committee,
complaining that it is unnecessary and wasteful of the estates'
resources.

On July 9, 2014, the Debtors completed their financial
restructuring and emerged from Chapter 11.


GENCO SHIPPING: Jeffrey Aronson Reports 34.4% Equity Stake
----------------------------------------------------------
Jeffrey H. Aronson and his affiliates disclosed in a regulatory
filing with the U.S. Securities and Exchange Commission that as of
July 9, 2014, they beneficially owned 21,195,628 shares of common
stock of Genco Shipping representing 34.4 percent of the shares
outstanding.  A full-text copy of the Schedule 13D is available
for free at http://is.gd/8a8eBC

                  About Genco Shipping & Trading

New York-based Genco Shipping & Trading Limited (NYSE: GNK)
transports iron ore, coal, grain, steel products and other drybulk
cargoes along worldwide shipping routes.  Excluding Baltic Trading
Limited's fleet, Genco Shipping owns a fleet of 53 drybulk
vessels, consisting of nine Capesize, eight Panamax, 17 Supramax,
six Handymax and 13 Handysize vessels, with an aggregate carrying
capacity of approximately 3,810,000 dwt.  In addition, Genco
Shipping's subsidiary Baltic Trading Limited currently owns a
fleet of 13 drybulk vessels, consisting of four Capesize, four
Supramax, and five Handysize vessels.

Genco Shipping & Trading sought bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 14-11108) on April 21, 2014, to implement a
prepackaged financial restructuring that is expected to reduce the
Company's total debt by $1.2 billion and enhance its financial
flexibility.  The company's subsidiaries other than Baltic Trading
Limited (and related entities) also sought bankruptcy protection.

Genco, owned and controlled by Peter Georgiopoulos, disclosed
assets of $2.448 billion and debt of $1.475 billion as of Feb. 28,
2014.

Adam C. Rogoff, Esq., and Anupama Yerramalli, Esq., at Kramer
Levin Naftalis & Frankel LLP serve as the Debtors' bankruptcy
counsel.  Blackstone Advisory Partners, L.P., is the financial
advisor.  GCG Inc. is the claims and notice agent.

Wilmington Trust, N.A., in its capacity as successor
administrative and collateral agent under a 2007 credit agreement,
is represented by Dennis Dunne, Esq., and Samuel Khalil, Esq., at
Milbank Tweed Hadley & McCloy LLP.

Credit Agricole Corporate & Investment Bank, as agent and security
trustee under an August 2010 Loan Agreement; Deutsche Bank
Luxembourg S.A., as agent, and Deutsche Bank AG Fillale
Deutschlandgeschaft, as security agent and bookrunner under the
August 2010 Loan Agreement, are represented by Alan Kornberg,
Esq., Sarah Harnett, Esq., and Elizabeth McColm, Esq., at Paul
Weiss Rifkind Wharton & Garrison LLP.  Paul Weiss also represents
the Pre-Petition $100 Million and $253 Million Credit Facilities.

The Bank of New York Mellon, the indenture trustee for Genco's
5.00% Convertible Senior Notes due Aug. 15, 2014, and the
informal group of 5.00% Convertible Senior Notes due August 15,
2014, are represented by Michael Stamer, Esq., and Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP.  Akin Gump
also represents the Informal Convertible Noteholder Group.

Kirkland & Ellis LLP's Christopher J. Marcus, Esq., Paul M. Basta,
Esq., Eric F. Leon, Esq., represent for Och-Ziff Management LP.

Brown Rudnick LLP's William R. Baldiga, Esq., represents an Ad Hoc
Consortium of Equity Holders.

Orrick, Herrington & Sutcliffe LLP's Douglas S. Mintz, Esq.,
Washington, DC, represents Deutsche Bank as Pre-Petition Lender,
and Credit Agricole, Corporate Investment Bank, as Post-Petition
Bankruptcy Lender.

Dechert LLP's Allan S. Brilliant, Esq., represents the Entities
Managed by Aurelius Capital Management, LP.

The U.S. Trustee has appointed an Official Committee of Equity
Security Holders.  The Equity Committee members are (1) Aurelius
Capital Partners, LP; (2) Mohawk Capital LLC; and OZ Domestic
Partners, LP.  It is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., Michael G. Burke, Esq., James F. Conlan,
Esq., and Larry J. Nyhan, Esq., at Sidley Austin LLP.

Genco has filed a motion to disband the Equity Committee,
complaining that it is unnecessary and wasteful of the estates'
resources.

On July 9, 2014, the Debtors completed their financial
restructuring and emerged from Chapter 11.


GENCO SHIPPING: Oct. 20 Set as Government Claims Bar Date
---------------------------------------------------------
Governmental units holding applicable claims against Genco
Shipping & Trading Limited and its subsidiaries may file a proof
of claim on or before Oct. 20, 2014, at 5:00 p.m. prevailing
Eastern time.

Each holder of a Convertible Note Claim as of the Plan effective
date that is an accredited investor or a qualified institutional
buyer will receive from The Depository Trust Company its pro rata
share of the Convertible Notes Equity Distribution.

Any convertible noteholder as of the Plan effective date that has
not demonstrated that it is an eligible holder or a non-eligible
holder will not receive distribution unless and until the holder
establishes its status within 18 months from the effective date --
i.e., by Jan. 11, 2016.

The Bankruptcy Court entered an order confirming the First Amended
Prepackaged Plan of Reorganization of Genco and its subsidiaries
pursuant to Chapter 11 of the Bankruptcy Code on July 2, 2014.  On
July 9, the Debtors completed their financial restructuring and
emerged from Chapter 11 through a series of transactions
contemplated by the Plan, and the Plan became effective pursuant
to its terms.

Key components of the Plan included:

   * The conversion of 100% of the Claims under the Prepetition
     2007 Facility into 81.1% of the New Genco Common Stock
     (subject to dilution by the warrants issued under the Plan).
     On the Effective Date, the Prepetition 2007 Facility was
     terminated, and the liens and mortgages thereunder were
     released.

   * The conversion of 100% of the Claims under the Convertible
     Notes into 8.4% of the New Genco Common Stock (subject to
     dilution by the warrants issued under the Plan).  On the
     Effective Date, the Convertible Notes and the related
     indenture were fully satisfied and discharged.

   * A fully backstopped Rights Offering for approximately 8.7% of
     the New Genco Common Stock, in which holders of Prepetition
     2007 Facility Claims were entitled to subscribe for up to 80%
     of the New Genco Common Stock offered, and holders of
     Convertible Note Claims were entitled to subscribe for up to
     20% of the New Genco Common Stock being offered under the
     Rights Offering.  Each Right entitled its holder to purchase
     one share of New Genco Common Stock at a subscription price
     of $18.62537, for an aggregate subscription price of $100
     million.

   * The amendment and restatement of the Prepetition $253 Million
     Facility and the Prepetition $100 Million Facility as of the
     Effective Date, with extended maturities, a financial
     covenant holiday and certain other amendments.

   * The cancellation of the old common stock of Genco as of the
     Effective Date, with the holders thereof receiving warrants
     to acquire shares of New Genco Common Stock.  Each New Genco
     Equity Warrant is exercisable for one share of New Genco
     Common Stock, and holders received an aggregate of 3,938,298
     New Genco Equity Warrants for the old common stock of Genco.
     The New Genco Equity Warrants in the aggregate are
     exercisable for approximately 6% of New Genco Common Stock
     (subject to dilution).

   * Reinstatement, non-impairment or payment in full in the
     ordinary course of business during the pendency of the
     Chapter 11 Cases of all Allowed General Unsecured Claims,
     including Allowed Claims of trade vendors, suppliers,
     customers and charterers, per the approval by the Bankruptcy
     Court.

   * The non-impairment of all other General Unsecured Claims
     under section 1124 of the Bankruptcy Code.

   * A Management Incentive Program, which provides for the
     distribution of New Genco MIP Primary Equity in the form of
     shares representing 1.8% of the New Genco Common Stock and
     three tiers of New Genco MIP Warrants with staggered strike
     prices based on increasing equity values to the participating
     officers, directors, and other management of Reorganized
     Genco.

On July 10, 2014, the Reorganized Debtors caused to be distributed
(i) to the holders of the Prepetition 2007 Facility Claims,
50,062,192 shares constituting approximately 81.1% of the New
Genco Common Stock outstanding (subject to dilution), and (ii) to
the holders of Convertible Note Claims, 5,158,187 shares
constituting approximately 8.4% of the New Genco Common Stock
outstanding (subject to dilution).

As provided in the Plan, Genco also conducted a fully backstopped
Rights Offering to acquire approximately 8.7% of the New Genco
Common Stock at a subscription price of $18.62537 per share, for
an aggregate subscription price of $100 million.  The closing of
the Rights Offering was conditioned on the consummation of the
Plan, the Rights Offering Procedures and other conditions
specified in the Equity Commitment Agreement that the Company and
certain of its subsidiaries entered into with certain of its
creditors on April 16, 2014.  All such conditions having been
satisfied, on July 10, 2014, Reorganized Genco issued 5,305,248
Rights Offering Shares, in exchange for payment therefor, to those
holders of Prepetition 2007 Facility Claims and those Eligible
Noteholders, that, in accordance with the Plan and the Rights
Offering Procedures, validly exercised their respective Rights to
participate in the Rights Offering.  Reorganized Genco also issued
63,773 Backstop Shares in exchange for payment therefor to the
Backstop Parties.

Also on July 10, 2014, Reorganized Genco issued 3,938,298 New
Genco Equity Warrants, each of which is initially exercisable for
one share of New Genco Common Stock, and which in the aggregate is
exercisable for approximately 6% of New Genco Common Stock
(subject to dilution), to the holders of the old common stock of
Genco.

                  About Genco Shipping & Trading

New York-based Genco Shipping & Trading Limited (NYSE: GNK)
transports iron ore, coal, grain, steel products and other drybulk
cargoes along worldwide shipping routes.  Excluding Baltic Trading
Limited's fleet, Genco Shipping owns a fleet of 53 drybulk
vessels, consisting of nine Capesize, eight Panamax, 17 Supramax,
six Handymax and 13 Handysize vessels, with an aggregate carrying
capacity of approximately 3,810,000 dwt.  In addition, Genco
Shipping's subsidiary Baltic Trading Limited currently owns a
fleet of 13 drybulk vessels, consisting of four Capesize, four
Supramax, and five Handysize vessels.

Genco Shipping & Trading sought bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 14-11108) on April 21, 2014, to implement a
prepackaged financial restructuring that is expected to reduce the
Company's total debt by $1.2 billion and enhance its financial
flexibility.  The company's subsidiaries other than Baltic Trading
Limited (and related entities) also sought bankruptcy protection.

Genco, owned and controlled by Peter Georgiopoulos, disclosed
assets of $2.448 billion and debt of $1.475 billion as of Feb. 28,
2014.

Adam C. Rogoff, Esq., and Anupama Yerramalli, Esq., at Kramer
Levin Naftalis & Frankel LLP serve as the Debtors' bankruptcy
counsel.  Blackstone Advisory Partners, L.P., is the financial
advisor.  GCG Inc. is the claims and notice agent.

Wilmington Trust, N.A., in its capacity as successor
administrative and collateral agent under a 2007 credit agreement,
is represented by Dennis Dunne, Esq., and Samuel Khalil, Esq., at
Milbank Tweed Hadley & McCloy LLP.

Credit Agricole Corporate & Investment Bank, as agent and security
trustee under an August 2010 Loan Agreement; Deutsche Bank
Luxembourg S.A., as agent, and Deutsche Bank AG Fillale
Deutschlandgeschaft, as security agent and bookrunner under the
August 2010 Loan Agreement, are represented by Alan Kornberg,
Esq., Sarah Harnett, Esq., and Elizabeth McColm, Esq., at Paul
Weiss Rifkind Wharton & Garrison LLP.  Paul Weiss also represents
the Pre-Petition $100 Million and $253 Million Credit Facilities.

The Bank of New York Mellon, the indenture trustee for Genco's
5.00% Convertible Senior Notes due Aug. 15, 2014, and the
informal group of 5.00% Convertible Senior Notes due August 15,
2014, are represented by Michael Stamer, Esq., and Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP.  Akin Gump
also represents the Informal Convertible Noteholder Group.

Kirkland & Ellis LLP's Christopher J. Marcus, Esq., Paul M. Basta,
Esq., Eric F. Leon, Esq., represent for Och-Ziff Management LP.

Brown Rudnick LLP's William R. Baldiga, Esq., represents an Ad Hoc
Consortium of Equity Holders.

Orrick, Herrington & Sutcliffe LLP's Douglas S. Mintz, Esq.,
Washington, DC, represents Deutsche Bank as Pre-Petition Lender,
and Credit Agricole, Corporate Investment Bank, as Post-Petition
Bankruptcy Lender.

Dechert LLP's Allan S. Brilliant, Esq., represents the Entities
Managed by Aurelius Capital Management, LP.

The U.S. Trustee has appointed an Official Committee of Equity
Security Holders.  The Equity Committee members are (1) Aurelius
Capital Partners, LP; (2) Mohawk Capital LLC; and OZ Domestic
Partners, LP.  It is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., Michael G. Burke, Esq., James F. Conlan,
Esq., and Larry J. Nyhan, Esq., at Sidley Austin LLP.

Genco filed a motion to disband the Equity Committee, complaining
that it is unnecessary and wasteful of the estates' resources.


GENERAL MOTORS: To Recall Additional 717,950 Vehicles
-----------------------------------------------------
Anna Prior, writing for The Wall Street Journal, reported that
General Motors Co. unveiled six recalls covering 717,950 vehicles
in the U.S., citing a variety of safety issues.  According to the
report, the latest recalls will cover loose bolts on power-height
adjustable driver or front passenger seats in more than 400,000
model year 2011 and 2012 Chevrolet Camaros, 2010-2012 Chevrolet
Equinoxs and GMC Terrains, among other vehicles, as well as
potentially incomplete welding on certain seat hooks in more than
120,000 recent model Chevrolet Caprices, Silverado LD and HDs,
Cadillac ATS and CTS, among other vehicles.

General Motors has recalled more than 29 million vehicles in North
America this year and disclosed related charges to earnings
totaling $2.5 billion following reviews of customer and staff
complaints in the wake of a botched safety recall involving
several small cars, the Journal noted.

                     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.


GORDON PROPERTIES: Court to Continue Plan Hearing Sept. 29
----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia
will continue on Sept. 29 the hearing in connection with Gordon
Properties, LLC's proposed plan to exit Chapter 11 protection.

As reported by the TCR on May 2, 2014, the company's restructuring
plan proposes to treat claims and interests as follows:

    * Burke & Herbert Bank holds two allowed secured claims:
$525,000 and $450,000.  Neither the claims nor the liens securing
the claims will be affected by the plan, its liens will be
preserved, and it will retain all rights available under
applicable law and its loan documents.

    * Pursuant to orders entered by the bankruptcy court, Gordon's
members made loans to the company on a secured, subordinate basis,
totaling $2,200,000.  Neither the claims nor the liens held to
secure these loans will be affected by the plan, the liens shall
be preserved, and the lenders will retain all rights available
under applicable law and their loan documents, provided, however,
that the liens shall remain subordinate to all allowed unsecured
claims pursuant to the terms of the bankruptcy court's orders.

    * There are presently no allowed unsecured claims.  However,
should FOA succeed on its appeals, it could obtain an allowed
claim for either the assessment against Gordon's commercial
street-front unit or the judgment against Condominium Services,
Inc., by virtue of substantive consolidation, or both.  FOA is
unimpaired.  In the event a final, unappealable order is entered
in favor of FOA by either the bankruptcy court or a court of
appeals, FOA's claim will be allowed and it will retain all rights
under applicable law to enforce its claim.  In that event, Gordon
will liquidate so many of its condo units as is necessary
to pay the claim.

Gordon will continue to own and operate its condo units, the
equity of the company will remain with its present owners, and Mr.
Sells will continue to serve as the managing member.

It is anticipated that Gordon will lose its equity interest in
CSI pursuant to CSI's plan of reorganization.

                  About Gordon Properties, LLC

Alexandria, Va.-based Gordon Properties, LLC, owns 39 condominium
units in The 4600 Condominium, a high-rise apartment building with
both residential and commercial units.  Gordon Properties'
ownership of these condos represents about a 20% interest in the
Forty Six Hundred Condominium project -- http://foa4600.org/-- in
Alexandria.  Gordon also owns all of the equity of a subsidiary,
Condominium Services, Inc., which operates as a condominium
management company.

Gordon Properties is owned by related family members, Bryan Sells,
Mr. Sells' sister, Elizabeth Greenwell, and his cousins, Lindsay
Wilson and Julia Langdon.  The company was created in 2002 to take
title to the Condo Units which had been held in a trust that was
created under the will of Bryan Gordon following his death.  Bryan
Gordon was the grandfather of the four members of the Debtor.

Gordon Properties sought Chapter 11 protection (Bankr. E.D. Va.
Case No. 09-18086) on Oct. 2, 2009, and is represented by Donald
F. King, Esq., at Odin, Feldman & Pittleman PC in Fairfax, Va.
Gordon Properties disclosed $11,149,458 in assets and $1,546,344
in liabilities.

Condominium Services filed its chapter 11 petition (Bankr. E.D.
Va. 10-10581) on Jan. 26, 2010.  It scheduled one creditor, the
condominium association, with a disputed claim of $436,802.00.
The association filed a proof of claim asserting a claim of
$453,533.12.  A second proof of claim was filed by the Internal
Revenue Service for $1,955.45.  According to its schedules, if
both claims are allowed, it has a net deficit of about $426,900.
CSI is wholly owned by Gordon Properties.

In February 2012, Judge Mayer denied the motion of the association
to substantively consolidate the chapter 11 bankruptcy cases of
Gordon Properties and Condominium Services, Inc., the condominium
management company.

Gordon Properties and CSI opposed the motion.  The two cases were
previously administratively consolidated.


HDGM ADVISORY: Court Establishes Aug. 13 as Claims Bar Date
-----------------------------------------------------------
The U.S. Bankruptcy Court in Indianapolis, Indiana, has
established August 13, 2014, as the deadline for all persons and
entities holding or asserting a claim against either HDGM Advisory
Services LLC or HDG Mansur Investment Services, Inc., to file a
proof of claim.

Any claimants holding or asserting a claim under 11 U.S.C.
Sections 503(b) and 507(a)(2) and arising prior to July 14, 2014,
except for authorized professionals, must file a request for
allowance of that administrative claim by the Aug. 13 bar date.

Questions should be directed to:

     Christine Jacobson
     KATZ & KORIN, PC
     334 N. Senate Ave.
     Indianapolis, IN 46204-1708
     Tel: 317-464-1100
     E-mail: cjacobson@katzkorin.com

According to the case docket, the deadline for governmental
entities to file claims is on Nov. 17, 2014.

                   About HDGM Advisory Services

HDGM Advisory Services, LLC, and HDG Mansur Investment Services,
Inc. sought Chapter 11 bankruptcy protection (Bankr. S.D. Ind.
Case No. 14-04797 and 14-04798) in Indianapolis, Indiana, on
May 21, 2014.  On May 28, 2014, the Hon. James M. Carr directed
the joint administration the cases of HDGM Advisory Services, LLC,
and HDG Mansur Investment Services, Inc., under the lead case --
HDGM Advisory, Case No. 14-04797.

HDGH Advisory disclosed $20,257,001 in assets and $7,991, 590 in
liabilities as of the Chapter 11 filing.  HDG Mansur disclosed
$20,454,819 in assets and $12,377,542 in liabilities.  According
to a court filing, the Debtors don't have any secured creditors.

The cases are assigned to Judge James M. Carr.

The Debtors have tapped Michael W. Hile, Esq., Christine K.
Jacobson, Esq., and Henry Mestetsky, Esq., at Katz & Korin PC, as
counsel.

An affiliate of the Debtors, Hamilton Proper Partners Golf
Partnership, L.P., sought bankruptcy protection (Bankr. S.D. Ind.
Case NO. 14-00461) on Jan. 24, 2014.


HOUSTON REGIONAL: Teams Want Potential Buyers Kept Secret
---------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that the
Houston Rockets and the Houston Astros want to keep the names of
potential purchasers Houston Regional Sports Network, L.P., d/b/a
Comcast Sportsnet Houston, a secret for now from several members
of the channel's board of directors, according to a filing with
the bankruptcy court overseeing

             About Houston Regional Sports Network

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

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

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

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

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

Judge Marvin Isgur presides over the case.

The Network was officially placed into Chapter 11 bankruptcy
pursuant to a Feb. 7 Order for Relief.  It has won approval to
hire Haynes and Boone, Charles A. Beckham, Jr., Esq., Henry
Flores, Esq., Abigail Ottmers, Esq., and Christopher L. Castillo,
Esq., as counsel.  It also hired Conway MacKenzie, Inc., as
financial advisor.

Harry Perrin, Esq., represents Astros owner Jim Crane.  Alan
Gover, Esq., represents the Rockets.

The Astros are represented by Richard B. Drubel, Esq., Colleen A.
Harrison, Esq., and Jonathan R. Voegele, Esq., at Boies, Schiller
& Flexner LLP, in Hanover, NH; and Scott E. Gant, Esq., at Boies,
Schiller & Flexner in Washington, DC.  Comcast Corporation and
NBCUniversal Media, LLC, are represented by Vincent P. Slusher,
Esq., Eli Burriss, Esq., Andrew Mayo, Esq., and Andrew Zollinger,
Esq., at DLA Piper; Arthur J. Burke, Esq., Timothy Graulich, Esq.,
and Dana M. Seshens, Esq., at Davis Polk & Wardwell LLP; and
Howard M. Shapiro, Esq., and Craig Goldblatt, Esq., at Wilmer
Cutler Pickering Hale and Dorr LLP.  Attorney for McLane
Champions, LLC and R. Drayton McLane, Jr., are Wayne Fisher, Esq.,
at Fisher Boyd & Huguenard, LLP.


HOUSTON REGIONAL: Buyer Still Unnamed; Status Hearing on Aug. 7
---------------------------------------------------------------
David Barron, writing for the Houston Chronicle, reported that
attorneys for Houston Regional Sports Network, Comcast Corp., the
Houston Rockets and Houston Astros presumably are working on
agreements to determine what information can be provided to the
thus-far unidentified company or companies that are considering a
bid to purchase CSN Houston out of bankruptcy.  Comcast must be
notified of the identity of the bidder or bidders by July 31, and
the court has scheduled an Aug. 7 status conference.

According to the Houston Chronicle, the proposed buyer or buyers
have demanded anonymity, but Comcast lawyers say they believe the
bidders include competing media companies and are attempting to
limit access to certain confidential documents involving the
network's fees and distribution deals for competitive reasons.

The report says most of the speculation on a proposed buyer has
focused on AT&T and/or DirecTV, which are in the process of
seeking regulatory approval for a merger.  AT&T would make sense
because it is a Texas-based company with larger subscriber bases
throughout the state, and DirecTV would make sense because it
operates regional sports networks in Seattle, Denver and
Pittsburgh, according to Mr. Barron.

The report also says Fox Sports has been mentioned as a potential
bidder, based on the fact that it operates RSNs throughout the
nation, including FS Southwest.

In June, CSN Houston sought and obtained a bridge order extending
the Debtor's period within which it has the exclusive right to
file a plan of reorganization and to solicit plan votes.  The
Bankruptcy Court in a June 4 order extended the Plan filing
exclusivity through July 7, and the Solicitation period through
Sept. 3.  Absent that extension, the Debtor's exclusive periods to
propose and file a plan would have expired June 4, and the
solicitation period would expire Aug. 4.

In seeking that extension, CSN Houston indicated that the Debtor
and its legal and financial professionals have worked to make
significant progress in the case, including negotiating,
documenting and obtaining the consensual use of cash collateral
from the secured lender and the negotiation of a second 13-week
cash collateral budget that the Debtor filed with the Court on
June 2.  The Debtor and the Lender have agreed to an extension of
the Budget Period referenced in the Final DIP Order to Sept. 5,
2014.

Earlier this month, Houston Regional filed papers in Court seeking
another extension of the exclusive periods to file a Chapter 11
plan and disclosure statement describing that plan until Aug. 6,
2014; and to solicit acceptances of that plan until Oct. 3.

As reported by the Troubled Company Reporter on July 18, Houston
Regional said it is currently continuing to review and consider
various alternatives.  Charles A. Beckham, Jr., Esq., at Haynes
and Boone LLP, noted that postpetition third-party creditors are
being paid in the ordinary course of business, and the Court has
authorized the payment of third party "gap period" claims.  The
Debtor believes that its exclusive right to file a plan of
reorganization has been, and will continue to be, an invaluable
tool in its review, analysis and negotiation of any restructuring
proposal.  If the Court declines emergency consideration of the
Motion, the Debtor's ability to propose a plan of reorganization
would be significantly and irreparably damaged, Mr. Beckham added.

             About Houston Regional Sports Network

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

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

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

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

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

Judge Marvin Isgur presides over the case.

The Network was officially placed into Chapter 11 bankruptcy
pursuant to a Feb. 7 Order for Relief.  It has won approval to
hire Haynes and Boone, Charles A. Beckham, Jr., Esq., Henry
Flores, Esq., Abigail Ottmers, Esq., and Christopher L. Castillo,
Esq., as counsel.  It also hired Conway MacKenzie, Inc., as
financial advisor.

Harry Perrin, Esq., represents Astros owner Jim Crane.  Alan
Gover, Esq., represents the Rockets.

The Astros are represented by Richard B. Drubel, Esq., Colleen A.
Harrison, Esq., and Jonathan R. Voegele, Esq., at Boies, Schiller
& Flexner LLP, in Hanover, NH; and Scott E. Gant, Esq., at Boies,
Schiller & Flexner in Washington, DC.  Comcast Corporation and
NBCUniversal Media, LLC, are represented by Vincent P. Slusher,
Esq., Eli Burriss, Esq., Andrew Mayo, Esq., and Andrew Zollinger,
Esq., at DLA Piper; Arthur J. Burke, Esq., Timothy Graulich, Esq.,
and Dana M. Seshens, Esq., at Davis Polk & Wardwell LLP; and
Howard M. Shapiro, Esq., and Craig Goldblatt, Esq., at Wilmer
Cutler Pickering Hale and Dorr LLP.  Attorney for McLane
Champions, LLC and R. Drayton McLane, Jr., are Wayne Fisher, Esq.,
at Fisher Boyd & Huguenard, LLP.


IBAHN CORP: Asks Court to Extend Removal Decision Deadline
----------------------------------------------------------
iBahn Corporation asks the Bankruptcy Court to extend the time by
which it may file notices of removal with respect to pending civil
actions to October 1, 2014.

James E. O'Neill, Esq., at Pachulski, Stang, Ziehl & Jones LLP in
Wilmington, Delaware, explains that an extension will afford iBahn
the opportunity necessary to make fully-informed decisions
concerning removal of any action and will assure that it do not
forfeit valuable rights under Section 1452 of the Judicial Code
with respect to any pending or prospective litigation.

Following the Court's approval of iBahn's sale of substantially
all its assets, iBahn has resolved a number of post-sale matters
including the rejection, assumption, and assignment of executory
contracts leases, and the retention of an accountant to handle tax
matters. iBahn has also negotiated with administrative claimants
and handled other post-sale wind-down matters.

This is iBahn's third request for extension.

iBahn is represented by:

     Laura Davis Jones, Esq.
     David M. Bertenthal, Esq.
     James E. O'Neill, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE
     Telephone: (302) 652-4100
     Facsimile: (302) 652-4400
     E-mail: ljones@pszjlaw.com
             dbertenthal@pszjlaw.com
             joneill@pszjlaw.com

                           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.


INTERFAITH MEDICAL: Caldwell Appeals Plan Confirmation
------------------------------------------------------
Walter Caldwell on June 23, 2014, filed a handwritten motion
seeking to appeal the Court order confirming the bankruptcy-exit
plan, stating that there was an abuse of discretion.  According to
Mr. Caldwell, who claims to be a party-in-interest in the Debtor's
case, the Court did not take relevant facts into account.  Court
decision was based on erroneous conclusions of law and facts, he
said.

As reported in the Troubled Company Reporter, U.S. Bankruptcy
Judge Carla E. Craig in Brooklyn in June 2014 signed a
confirmation order approving the hospital's reorganization plan.
The plan transfers the facility and other assets to the New York
State Dormitory Authority, a secured lender and the largest
creditor.

               About Interfaith Medical Center

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

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

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

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

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


INTERFAITH MEDICAL: UST Withdraws Motion for Ch.11 Trustee
----------------------------------------------------------
William K. Harrington, U.S. Trustee for Region 2, has withdrawn
his request for appointment of a Chapter 11 trustee in the case of
Interfaith Medical Center, Inc.

The U.S. Trustee is represented by:

         William E. Curtin, Esq., trial attorney
         Office of the U. S. Trustee - Brooklyn
         201 Varick Street, Suite 1006
         New York, NY 10014
         Tel: (212) 510-0500
         Fax: (212) 668-2255
         E-mail: william.e.curtin@usdoj.gov

               About Interfaith Medical Center

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

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

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

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

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


INTERNATIONAL FOREIGN: Nails $18.5M Deal With CEO
-------------------------------------------------
Law360 reported that International Foreign Exchange Concepts
Holdings Inc., one of the world's oldest foreign exchange hedge
funds, asked a New York bankruptcy court to approve a settlement
with its founder, chairman and CEO over debts to the company,
including the balance of a $20 million loan for a Manhattan
apartment.  According to the report, IFEC founder John R. Taylor
Jr. agreed to repay $18.5 million in a settlement reached with
IFEC, which is the holding company for FX Concepts LLC; its
associated debtors; and its lender AMF-FXC Finance LLC.

               About International Foreign Exchange

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

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

Counsel to AMF-FXC Finance LLC, the DIP lender, is Michael L.
Cook, Esq., and Christopher Harrison, Esq., at Schulte Roth &
Zabel LLP, in New York.

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


IRISH BANK: Seeks Nod to Sell Tampa Mall Lease to Lightning Owner
-----------------------------------------------------------------
Law360 reported that Chapter 15 debtor Irish Bank Resolution Corp.
urged a Delaware bankruptcy judge to approve a $7.1 million deal
selling the lease of a Florida shopping mall to Tampa Bay
Lightning owner Jeff Vinik and reject a late $10 million bid from
developer Liberty Channelside LLC.  According to the report, at a
hearing in Wilmington, IBRC sought the court's blessing for the
two-track bidding process it employed to auction its interests in
the Tampa mall -- Channelside Bay Plaza -- and the $7.1 million
bid for it received for the mall lease from Vinik's CBP
Development LLC.

Liberty had challenged the bidding procedures and the sale itself
while floating a competing $10 million offer, and U.S. Bankruptcy
Judge Christopher S. Sontchi ruled that the developer had standing
to object to both motions, Law360 related.  IBRC later filed a
response to Liberty's challenge and accused the developer of
gamesmanship for floating a late, $10 million offer for the
Florida shopping complex's lease after asking the court to strike
down a $7 million bid from Tampa Bay Lightning owner, Law360
further related.

                    About Irish Bank Resolution

Irish Bank Resolution Corp., the liquidation vehicle for what was
once one of Ireland's largest banks, filed a Chapter 15 petition
(Bankr. D. Del. Case No. 13-12159) on Aug. 26, 2013, to protect
U.S. assets of the former Anglo Irish Bank Corp. from being
seized by creditors.  Irish Bank Resolution sought assistance
from the U.S. court in liquidating Anglo Irish Bank Corp. and
Irish Nationwide Building Society.  The two banks failed and were
merged into IBRC in July 2011.  IBRC is tasked with winding them
down and liquidating their assets.  In February, when Irish
lawmakers adopted the Irish Bank Resolution Corp., IBRC was
placed into a special liquidation in the Irish High Court to
complete liquidation and distribution of the two banks' assets.

IBRC's principal asset as of June 2012 was a loan portfolio
valued at some EUR25 billion (US$33.5 billion). About 70 percent
of the loans were to Irish borrowers. Some 5 percent of the
portfolio was under U.S. law, according to a court filing.  Total
liabilities in June 2012 were about EUR50 billion, according
to a court filing.

Most assets in the U.S. have been sold already.  IBRC is involved
in lawsuits in the U.S.

IBRC was granted protection under Chapter 15 of the U.S.
Bankruptcy Code in December 2013.

Kieran Wallace and Eamonn Richardson of KPMG have been named the
special liquidators.


KEEN EQUITIES: Aug. 6 Hearing to Approve Postpetition Financing
---------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Aug. 6, 2014, at
3:00 p.m., to consider Keen Equities, LLC's request for approval
of funding arrangements among investors to finance postpetition
operations.  Objections, if any, are due seven days prior to the
hearing.

The Debtor is comprised of a New York limited liability company
consisting of 12 members/investors.  The Debtor is the owner of
approximately 860 acres of vacant land (the Lake Anne property)
situated close to the Hassidic community of Kiryas Joel, in
Monroe, New York.  The Lake Anne Property was purchased in 2006
with the goal of building residential homes to meet the growing
needs of the Kiryas Joel community (the project).

The Lake Anne Property is subject to a purchase money mortgage in
the current principal balance of $3,924,645 plus accrued interest
and other charges.  The mortgage was assigned to Hal J. Grene
Living Trust, David A. Green and trust U/W M. Green f/b/o Sabrina
Green after the Debtor's acquisition of the site.

It is anticipated that the applications will be considered by the
Village of South Blooming Grove Panning Board in August 2014.

According to the Debtor, the project will cost approximately
$2.5 million (without legal fees) in soft costs to complete the
set ups needed to obtain final approvals.

Additionally, funds are also needed to pay debt service, real
estate taxes and insurance while the approval process unfolds at a
rate of approximately $60,000 a month.

The Debtor related that it will move forward with the filing of a
formal plan of reorganization prior to obtaining final approval of
the applications so long as the project has received at least
strong preliminary support.

To meet the expenses, the Debtor called a series of meeting with
members and investors to develop a fair and reasonable funding
program for infusion of new capital.  The investors agreed to
convert their prepetition capital to a discounted 10% claim.

A copy of the budget is available for free at:

     http://bankrupt.com/misc/KeenEquities_45_credit.pdf

                       About Keen Equities

Keen Equities, LLC, filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 13-46782) on Nov. 12, 2013.  The petition was signed by
Y.C. Rubin as manager.  The Debtor disclosed total assets of $15.1
million and total liabilities of $6.84 million.  Judge Nancy
Hershey Lord presides over the case.  Goldberg Weprin Finkel
Goldstein LLP serves as the Debtor's counsel.


KEEN EQUITIES: Sept. 5 Established as Claims Bar Date
-----------------------------------------------------
Bankruptcy Judge Nancy Hershey Lord established Sept. 5, 2014, as
the deadline for any individual or entities (including, without
limitation, individuals, partnerships, corporations, joint
ventures, trusts and governmental units) to file proofs of claim
against Keen Equities, LLC.

Keen Equities, LLC, filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 13-46782) on Nov. 12, 2013.  The petition was signed by
Y.C. Rubin as manager.  The Debtor disclosed total assets of $15.1
million and total liabilities of $6.84 million.  Judge Nancy
Hershey Lord presides over the case.  Goldberg Weprin Finkel
Goldstein LLP serves as the Debtor's counsel.

The Debtor is comprised of a New York limited liability company
consisting of 12 members/investors.  The Debtor is the owner of
approximately 860 acres of vacant land (the Lake Anne property)
situated close to the Hassidic community of Kiryas Joel, in
Monroe, New York.  The Lake Anne Property was purchased in 2006
with the goal of building residential homes to meet the growing
needs of the Kiryas Joel community (the project).


KEHE DISTRIBUTORS: Moody's Affirms B2 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service affirmed the B2 Corporate Family Rating
and the B2-PD Probability of Default Rating of KeHE Distributors,
LLC ("KeHE"). Concurrently, Moody's affirmed the B3 rating to the
company's $200 million second lien notes due 2021. The ratings
outlook remains stable.

"Although the debt funded acquisition of Nature's Best will
increase KeHE's leverage, its credit metrics will remain within
the established thresholds for the company's B2 rating", Mickey
Chadha Senior Analyst at Moody's said. "The acquisition will
further strengthen KeHe's good market position in a growing and
attractive market niche for specialty, organic and natural foods.
However it is a relatively small player in the overall food
distribution business segment and could be vulnerable if larger
broadline food distributors enter its niche market," Chadha
further stated.

The following ratings are affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

$200 million second lien notes due 2021 at B3, LGD adjusted to
LGD5 from LGD4

Ratings Rationale

KeHE's B2 corporate family rating reflects the company's high
leverage -- Moody's estimate proforma for the Nature's Best
acquisition debt/EBITDA (with Moody's standard adjustments) will
be over 5.0 times. Improvement in credit metrics in the next 12-18
months is expected to be modest and will be primarily dependent on
EBITDA growth as debt reduction is expected to be moderate. The
rating also reflects KeHE's customer concentration with three of
the combined company's top customers accounting for about 35% of
total revenues, its thin margins with a fixed cost structure and
its limited pricing power in a highly competitive market. Ratings
are supported by the company's good position in a growing and
attractive market niche, its geographic diversification and its
adequate liquidity.

The stable rating outlook reflects Moody's expectation that KeHE
will reduce leverage through EBITDA growth while maintaining
adequate liquidity and balanced financial policies including but
not limited to acquisitions.

Ratings could be upgraded if the company demonstrates sustained
growth in sales, and profitability and has good liquidity.
Quantitatively, ratings could be upgraded if debt/EBITDA is
sustained below 4.5 times and EBITA/interest expense is sustained
above 2.25 times.

Ratings could be downgraded if operating performance deteriorates
such that debt/EBITDA is sustained above 5.5 times or
EBITA/interest is sustained below 1.5 times. Ratings could also be
downgraded if liquidity deteriorates or if acquisition activity
causes deterioration in cash flow or credit metrics.

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

KeHE Distributors, LLC is a majority employee owned specialty and
natural & organic food distributor in the U.S. and Canada. It
operates 12 distribution centers (2 owned and 10 leased) with nine
facilities in the United States and three in Canada. The company's
customers include large chain grocery stores, regional grocery
chain stores, independent natural product retailers, mass and
retail club stores and independent grocery stores. Pro forma for
the Nature's Best acquisition, total fiscal year end April 2014
revenue was approximately $2.8 billion.


KID BRANDS: Restructuring of Operations Planned
-----------------------------------------------
BankruptcyData reported that Kid Brands board of directors has
authorized the Company's management to implement a restructuring
of the operations of the company's Kids Line and CoCaLo business
according to an 8-K filing with the U.S. Securities and Exchange
Commission.

BData, further citing the regulatory filing, said the company
anticipates the move which may better position the assets to be
sold in the upcoming auction.  The restructuring is expected to be
completed during the third quarter of 2014, by which time the
sell-down of remaining inventory is expected to be complete, BData
said.  The Company estimates that this decision will incur total
costs of approximately $0.5 million, consisting primarily of the
write-off of certain prepaid expenses and the write-off of fixed
assets, the report added.

                       About Kid Brands

Based in Rutherford, New Jersey, Kid Brands, Inc., is a designer,
importer, marketer, and distributor of infant and juvenile
consumer products.  Its operating subsidiaries consist of Kids
Line, LLC, CoCaLo, Inc., Sassy, Inc., and LaJobi, Inc.  Providing
"everything but the baby" for a child's nursery, the company sells
infant bedding and accessories under the Kids Line and CoCaLo
brands; nursery furniture under the LaJobi brand; and baby care
items under the Kokopax and Sassy brands.

Citing their inability to raise capital due to contingent
liabilities and operational issues, Kid Brands and six of its U.S.
subsidiaries each filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Lead Case No.
14-22582) on June 18, 2014.  To preserve the value of their
assets, the Debtors are pursuing a sale of the assets pursuant to
section 363 of the Bankruptcy Code.

As of April 30, 2014, the Debtors had $32.40 million in total
assets and $109.1 million in total liabilities.  As of the
Petition Date, unsecured debts totaled $54 million.

Judge Donald H. Steckroth oversees the cases.  The Debtors have
sought and obtained an order directing joint administration of
their Chapter 11 cases.

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
Rust Consulting/Omni Bankruptcy is the Debtors' claims and
noticing agent.


KINDRED HEALTHCARE: Moody's Keeps CFR Over Increased Gentiva Bid
----------------------------------------------------------------
Moody's Investors Service commented that Kindred Healthcare Inc.'s
announcement that it would increase its offer to acquire the
equity of Gentiva Health Services, Inc. (B3 negative) to $17.25
per share does not change its view that the acquisition -- if
ultimately consummated -- is a credit negative. However, the
increased offer does not currently impact the company's ratings,
including the B1 Corporate Family Rating and B1-PD Probability of
Default Rating. The negative rating outlook also remains
unchanged. Moody's estimates that the increase from Kindred's
previous offer of $14.50 per share would have only a modest impact
on Moody's estimate of resulting leverage of the combined company.

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

Kindred Healthcare, Inc., through its subsidiaries, operates long
term acute care hospitals, inpatient rehabilitation facilities,
skilled nursing facilities, assisted living facilities, a contract
rehabilitation services business and a home health and hospice
business across the US. For the twelve months ended March 31, 2014
the company recognized revenue of approximately $4.9 billion after
considering the provision for doubtful accounts.


LIGHTSQUARED INC: Gets Approval of SunTrust Credit Card Program
---------------------------------------------------------------
LightSquared Inc. received approval from U.S. Bankruptcy Judge
Shelley Chapman to avail SunTrust Bank's credit card services.

The SunTrust program will provide credit card services up to an
aggregate credit limit of $100,000 to LightSquared.  In exchange,
the company is required to open an account with SunTrust in which
it will deposit $100,000.

The wireless broadband company is also required to sign an
agreement under which it will transfer to the bank all rights to
the account and proceeds thereof, according to court filings.

LightSquared tapped the services of SunTrust after Bank of America
NA canceled its credit card program covering the company's and its
employees' expenses, including entertainment and corporate travel
expenses.

                     About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


LAKELAND INDUSTRIES: WeiserMazars Hired as New Accountant
---------------------------------------------------------
Lakeland Industries, Inc., dismissed Warren Averett, LLC, as its
independent registered public accounting firm on July 16, 2014.
The decision to dismiss Warren Averett was made and approved by
the Audit Committee of the Company's Board of Directors.

The audit report of Warren Averett on the Company's consolidated
financial statements for the fiscal year ended Jan. 31, 2014, did
not contain an adverse opinion or disclaimer of opinion, nor was
it qualified or modified as to uncertainty, audit scope, or
accounting principles.  The audit report of Warren Averett on the
Company's consolidated financial statements for the fiscal year
ended Jan. 31, 2014, contained an unqualified opinion with an
emphasis of a matter.  The audit report of Warren Averett on the
Company's consolidated financial statements for the fiscal year
ended Jan. 31, 2013, contained an opinion with an emphasis of a
matter regarding the Company's ability to continue as a going
concern, which opinion was subsequently amended to remove such
emphasis.

During the two most recent fiscal years and the subsequent interim
period through April 30, 2014, the Company had a disagreement with
Warren Averett relating to the question of the classification of
the following items as material weaknesses: (i) failure of
internal controls over the international division (2013), (ii)
failure to identify related party transactions (2014) and (iii)
failure of entity level controls regarding international divisions
(2014), each of which was resolved to the former accountant's
satisfaction.  The Audit Committee discussed that disagreement
with Warren Averett and the Company has authorized Warren Averett
to respond fully to the inquiries of the Company's successor
accountant, WeiserMazars LLP, concerning the subject matter of
such disagreement.  There were no other disagreements with Warren
Averett on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreement(s), if not resolved to the satisfaction of
Warren Averett, would have caused it to make reference to the
subject matter of the disagreement(s) in connection with its
reports.

The Audit Committee of the Company's Board of Directors decided to
retain WeiserMazars LLP as the new independent registered public
accountants effective as of July 16, 2014.

During the two most recent fiscal years and through April 30,
2014, neither the Company, nor anyone on its behalf, consulted
with WeiserMazars.

                     About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, as compared with a
net loss of $376,825 on $96.3 million of sales for the year ended
Jan. 31, 2012.

In their report on the consolidated financial statements for the
year ended Jan. 31, 2013, Warren Averett, LLC, in Birmingham,
Alabama, expressed substantial doubt about Lakeland Industries'
ability to continue as a going concern.  The independent auditors
noted that Company is in default on certain covenants of its loan
agreements at Jan. 31, 2013.  "The lenders have not waived these
events of default and may demand repayment at any time.
Management is currently trying to secure replacement financing but
does not have new financing available at the date of this report."


LONGVIEW POWER: Has Bonus Approval Tied to New Plan
---------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Longview Power LLC, the owner of a faulty power
plant, won court approval for a revised program that could pay top
executives as much as $2.1 million.  According to the report, the
bonuses are keyed in part to the company's financial performance
and the completion of repairs enabling its facility to operate
closer to design capacity.

                      About Longview Power LLC

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case.
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

The Debtor disclosed assets of $1,717,906,595 plus undisclosed
amounts and liabilities of $1,075,748,155 plus undisclosed
amounts.

Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as
of September 11, 2013, a committee of unsecured creditors has not
been appointed in the case due to insufficient response to the
U.S. Trustee's communication/contact for service on the committee.


LANGTREE VENTURES: Medical Office Bldgs to Be Sold July 31
----------------------------------------------------------
Jefferies Loancore LLC, as secured party, will sell property of
Langtree Ventures MOB LLC by public auction to th highest
qualified bidder on July 31, 2014, at 10:00 a.m. EDT.  The auction
will be held at the Honeycutt Law Firm, PLLC, 2101 Rexford Road,
Suite 160 West, Charlotte, NC 28211.

Assets to be sold consist of 100% of the membership interest in
Langtree, which owns real property in Charlotte comprised of three
medical office buildings and a parking lot at 1928, 1946 and 1960
Randolph Road, and 2115 E 7th Street.

Jefferies reserves the right to reject all bids and terminate or
adjourn the sale to another time or place, or to effectuate a
private sale.

Additional information may be obtained from:

     http://www2.polsinelli.com/LangtreeUCCSale

          - and -

     Daniel Dooley
     POLSINELLI
     900 W. 48th Place Suite 900
     Kansas City, MO 64112
     Tel: 816-360-4358
     E-mail: ddooley@polsinelli.com


LOVE CULTURE: Has Interim Authority to Obtain DIP Loan from Salus
-----------------------------------------------------------------
Judge Novalyn L. Winfield of the U.S. Bankruptcy Court for the
District of New Jersey gave Love Culture Inc. interim authority to
obtain postpetition financing and use cash collateral to continue
operations and administer and preserve the value of its estates.

Salus Capital Partners, LLC, as administrative and collateral
agent for a consortium of lenders, committed to provide a
revolving credit facility of $12 million.  The DIP Revolving Loan
accrues interest at LIBO Rate plus the Applicable Margin and LIBO
Rate plus the Applicable Margin plus 2% when an event of default
occurs.  As reflected in the Budget, the amount of $372,000 will
be funded during the week of July 19, 2014, the amount of $365,000
will be funded during the week of July 26, 2014, and the amount of
$372,000 will be funded during the week of July 31, 2014.

Salus is also the Debtor's prepetition secured lender.  As of
July 15, 2014, the Debtor has outstanding secured debt to Salus in
the aggregate principal amount of not less than $13,667,972.

All objections, including the objection raised by Prime Business
Credit, Inc., to the Interim Financing to the extent not withdrawn
or resolved are overruled.  PBC, a secured creditor of the Debtor,
complained that there is no adequate protection provided for the
use of PBC's cash collateral, the Debtor fails to disclose
critical terms of the proposed postpetition facility, (3) the
Motion improperly requests that Salus be granted a lien on Chapter
5 avoidance actions, and (4) the Motion requires a sale timeline
that will work to harm creditors of the Debtor?s estate.

The DIP Loan requires that the Debtor conduct a sale and provide
any bids and information regarding store closings to Salus, Bill
Rochelle, the bankruptcy columnist for Bloomberg News, reported.
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.

The Final Hearing to consider entry of the Final Order and final
approval of the DIP Facility is scheduled for Aug. 6, at 10:00
a.m. (ET).  Objections are due on or before July 30 and must be
served on:

   * counsel for the Debtors:

     Kenneth A. Rosen, Esq.
     LOWENSTEIN SANDLER LLP
     65 Livingston Avenue
     Roseland, NJ 07068
     Telephone: (973) 597-2500
     Facsimile: (973) 597-2400

        -- and --

     Gerald C. Bender, Esq.
     LOWENSTEIN SANDLER LLP
     1251 Avenue of Americas
     New York, NY 10020
     Telephone: (212) 262-6700
     Facsimile: (212) 262-7402

   * counsel for the DIP Agent and Prepetition Agent:

     Alan J. Brody, Esq.
     Jeffrey M. Wolf, Esq.
     GREENBERG TRAURIG, LLP
     200 Park Avenue
     P.O. Box 677
     Florham Park, NJ 07932
     Tel: (973) 360-7900
     Fax: (973) 301-8410
     Email: brodya@gtlaw.com
            wolfje@gtlaw.com

   * counsel for PBC:

     Ronald A. Clifford, Esq.
     BLAKELEY & BLAKELEY LLP
     2 Park Plaza, Suite 400
     Irvine, California 92614
     Tel: 949-260-0616
     Fax: 949-260-0613
     Email: rclifford@blakeleyllp.com

        -- and --

     Scott H. Bernstein, Esq.
     MCCARTER & ENGLISH, LLP
     Four Gateway Center
     100 Mulberry St.
     Newark, NJ 07102
     Tel: (973) 639-2007
     Fax: (973) 297-3797
     Email: sbernstein@mccarter.com

A full-text copy of the Interim DIP Order with Budget is available
at http://bankrupt.com/misc/LOVEorddip0717.pdf

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D. N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka
signed the petition as chief restructuring officer.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
at least $10 million.  Judge  Novalyn L. Winfield presides over
the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.


LOVE CULTURE: To Conduct Store-Closing Sales
--------------------------------------------
Love Culture Inc. seeks authority from the U.S. Bankruptcy Court
for the District of New Jersey to conduct store-closing sales in
all of its 76 retail stores.

The Debtor says in papers filed in court that about 42 parties,
which include strategic or financial buyers and liquidators,
expressed initial interest and entered into non-disclosure
agreements, enabling them to conduct initial due diligence.  The
Debtor proposes that bids must be submitted on or July 27, 2014,
so that an auction can proceed on July 29.  The Debtor
contemplates that the store-closing sales must commence no later
than Aug. 1.

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D. N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka
signed the petition as chief restructuring officer.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
at least $10 million.  Judge  Novalyn L. Winfield presides over
the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.


LOVE CULTURE: Will Reject Store Leases
--------------------------------------
Love Culture Inc. asks the U.S. Bankruptcy Court for the District
of New Jersey to approve procedures to streamline its rejection of
leases of non-residential real property and executory contracts
and abandonment of related property.

Prior to the Petition Date, the Debtor determined that it may need
to close certain of its Retail Stores to preserve and maximize the
value of its estate.  The Debtor intends to surrender possession
of the Closing Stores to the applicable landlords as soon as
possible, but by no later than July 31, 2014.  During the Chapter
11 Case, the Debtor will continue to evaluate its unexpired
leases of non-residential real property and executory contracts to
determine which of them are no longer beneficial for its estate.

The Rejection Procedures provide that once the Debtor determines
to reject a Designated Lease or Contract, the Debtor will file a
written notice with the Court and serve a copy of the Rejection
Notice upon all applicable parties-in-interest.  Any party-in-
interest that asserts a claim arising out of, or related to, the
rejection of Designated Leases and Contracts and/or the removal or
disposition of Related Property, must file a proof of claim by the
later of either: (i) the deadline established in the Chapter 11
Case for the filing of proofs of claim, or (ii) 30 days after the
Rejection Date.

Counter parties to a Designated Lease or Contract and/or all
interested parties are affored an opportunity to object to the
Rejection Notice.  Moreover, should a mutual resolution not be
obtained by the Debtor with respect to any objection filed, the
Rejection Procedures provide for the scheduling of a hearing
before the Court to consider the matter.

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D. N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka
signed the petition as chief restructuring officer.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
at least $10 million.  Judge  Novalyn L. Winfield presides over
the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.


LOVE CULTURE: Has Until Aug. 30 to File Schedules
-------------------------------------------------
Judge Novalyn L. Winfield extended Love Culture Inc.'s time to
file its schedules of assets and liabilities and statement of
financial affairs through and including Aug. 30, 2014.

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D. N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka
signed the petition as chief restructuring officer.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
at least $10 million.  Judge  Novalyn L. Winfield presides over
the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.


LOVE CULTURE: Can Employ Epiq as Claims & Noticing Agent
--------------------------------------------------------
Judge Novalyn L. Winfield authorized Love Culture Inc. to employ
Epiq Bankruptcy Solutions, LLC, as claims and noticing agent to,
among other things, (i) distribute required notices to parties-in-
interest, (ii) receive, maintain, docket, and otherwise administer
the proofs of claim filed in the Debtor's case, and (iii) provide
other noticing, claims, and administrative services as required by
the Debtor that would fall within the purview of services to be
provided by the Court of Clerk's Office.

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D. N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka
signed the petition as chief restructuring officer.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
at least $10 million.  Judge  Novalyn L. Winfield presides over
the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.


MAVILLE INTERIORS: Painting Contractor Files Ch.11 in Phoenix
-------------------------------------------------------------
Maville Interiors Inc., in Glendale, Arizona, filed for Chapter 11
bankruptcy (Bankr. D. Ariz. Case No. 14-10220) on July 2, 2014, in
Phoenix.  Maville Interiors is a painting contractor that works
with home builders.  Judge Eileen W. Hollowell oversees the case.
Patrick A Clisham, Esq., and David WM Engelman, Esq., at Engelman
Berger, P.C., serve as the Debtor's counsel.  In its petition,
Maville Interiors estimated $1 million to $10 million in both
assets and liabilities. The petition was signed by John M. Toth,
director/president.

Mike Sunnucks, writing for Phoenix Business Journal, reported that
company president John Toth said in bankruptcy filings Maville has
had as much as 20% of the local market for residential painting.
Maville has 200 employees.  Like other construction and
contracting firms, Maville has had to navigate the recession, real
estate collapse and less than brisk recovery.

According to the report, Mr. Engelman, Maville's counsel, said the
company hopes to stay in business, reorganize its debts and
reemerge from Chapter 11.

According to the report, Maville said in court filings it owes
Sherwin-Williams Co. $986,000 and has another $79,000 in federal
tax liens.  Maville had $45,000 cash on hand and $1.5 million in
outstanding accounts receivable.


MEGA RV CORP: U.S. Trustee Appoints Creditors' Committee
--------------------------------------------------------
The U.S. Trustee for Region 16 on July 3 appointed three creditors
of Mega RV Corp. to serve on the official committee of unsecured
creditors.

The unsecured creditors' committee is composed of:

     (1) Bank of the West
         c/o Mark S. Blackman, Esq.
         6345 Balboa Blvd., Suite 300
         Encino, CA 91316

     (2) Forest River, Inc.
         55470 County Road 1
         P.O. Box 3030
         Elkhart, IN 46514
         Attn: Joe Greenlee, Chief Financial Officer

     (3) Winnebago Industries, Inc.
         605 W. Crystal Lake Road
         Forest City, IA 50436
         Attn: Scott C. Folkers, VP and General Counsel

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 Mega RV Corp.

Mega RV Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 14-13770) on June 15, 2014.  Brent McMahon signed
the petition as president.  The Debtor estimated assets and
liabilities of at least $10 million.  Goe & Forsythe, LLP, serves
as the Debtor's counsel.  Judge Mark S Wallace presides over the
case.


MF GLOBAL: $100M in Settlements OK'd in Metal Manipulation Case
---------------------------------------------------------------
Law360 reported that a New York federal judge has approved
settlements by hedge fund Moore Capital Management LP and a former
MF Global Inc. broker totaling nearly $100 million in a class
action over supposed manipulation in the platinum and palladium
markets.  According to the report, Judge William Pauley granted
preliminary approval to two settlements by Moore totaling $57.4
million and two settlements by Joseph Welsh totaling $42 million,
overruling objections by the liquidating trustee for MF Global and
a potential class member.

The case is In Re: Platinum and Palladium Commodities Litigation,
Case No. 1:10-cv-03617 (S.D.N.Y.).

                        About MF Global

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

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

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

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

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

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

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

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

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

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

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


MISSION NEW ENERGY: Unit Awarded $3MM in Indonesian Arbitration
---------------------------------------------------------------
Mission NewEnergy Limited announced that the Indonesian
arbitration panel, in a 2-1 majority decision, has awarded
Mission's subsidiary, Oleovest Pte Ltd, with US$3,360,000.

Funds will materially be used to pay down convertible note debt
and for general working capital purposes.

Mission is awaiting the panel's written decision.

                      About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

The Company's balance sheet at Dec. 31, 2013, showed $4.92 million
in total assets, $13.96 million in total liabilities and a $9.04
million total deficiency.

Mission NewEnergy disclosed net profit of A$10.05 million on
A$8.41 million of total revenue for the year ended June 30, 2013,
as compared with a net loss of A$6.19 million on A$38.20 million
of total revenue during the prior fiscal year.

BDO Audit (WA) Pty Ltd, in Perth, Western Australia, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2013.  The independent
auditors noted that the Company incurred operating cash outflows
of $3.7 million during the year ended 30 June 2013 and, as of that
date the consolidated entity's total liability exceeded its total
assets by $12.5 million.  These conditions, along with other
matters, raise substantial doubt the Company's ability to continue
as a going concern.


MONARCH COMMUNITY: Regulators Terminate Consent Order
-----------------------------------------------------
Monarch Community Bancorp, Inc., received a formal order of the
Federal Deposit Insurance Corporation and the State of Michigan
Department of Insurance and Financial Services terminating the
Consent Order issued by these agencies on May 6, 2010.  This order
is consistent with Monarch's previous announcement that based on
its 2014 FDIC/State of Michigan examination Monarch was in
compliance with the Consent Order and expected the Consent Order's
formal termination.

                     About Monarch Community

Coldwater, Michigan-based Monarch Community Bancorp, Inc., was
incorporated in March 2002 under Maryland law to hold all of the
common stock of Monarch Community Bank, formerly known as Branch
County Federal Savings and Loan Association.  The Bank converted
to a stock savings institution effective Aug. 29, 2002.  In
connection with the conversion, the Company sold 2,314,375 shares
of its common stock in a subscription offering.

Monarch Community reported a net loss available to common
stockholders of $2.55 million in 2013, a net loss available to
common sockholders of $741,000 in 2012 and a net loss of $353,000
in 2011.  The Company's balance sheet at March 31, 2014, showed
$183.54 million in total assets, $163.67 million in total
liabilities and $19.87 million in total stockholders' equity.


NATCHEZ REGIONAL: Community Health Systems to Acquire Assets
------------------------------------------------------------
Community Health Systems, Inc. on July 11 disclosed that
subsidiaries of the Company have executed a definitive agreement
to acquire substantially all of the assets of 179-bed Natchez
Regional Medical Center in Natchez, Mississippi.  Natchez Regional
Medical Center voluntarily filed for Chapter 9 bankruptcy in
March 2014.  The definitive agreement is subject to approval of
the bankruptcy court and an auction of Natchez Regional Medical
Center.  Through its affiliates, Community Health Systems
currently operates 12 affiliated hospitals in Mississippi,
including Natchez Community Hospital.

"We look forward to completing this potential acquisition and
working with the medical staffs and employees of both hospitals in
Natchez in a coordinated approach to providing quality care for
local residents."

Commenting on the July 11 announcement, Wayne T. Smith, chairman,
president and chief executive officer of Community Health Systems,
Inc., said, "We look forward to completing this potential
acquisition and working with the medical staffs and employees of
both hospitals in Natchez in a coordinated approach to providing
quality care for local residents."

              About Community Health Systems, Inc.

Community Health Systems, Inc. -- http://www.chs.net-- is one of
the largest publicly-traded hospital companies in the United
States and a leading operator of general acute care hospitals in
communities across the country.  Through its subsidiaries, the
Company currently owns, leases or operates 208 affiliated
hospitals in 29 states with an aggregate of approximately 31,300
licensed beds.  The Company's headquarters are located in
Franklin, Tennessee, a suburb south of Nashville.  Shares in
Community Health Systems, Inc. are traded on the New York Stock
Exchange under the symbol "CYH."

                     About Natchez Regional

Based in Natchez, Mississippi, Natchez Regional Medical Center is
a full-service hospital offering comprehensive diagnostic and
treatment services for acute, subacute and ambulatory care.
Natchez Regional serves as a referral center for the five
Mississippi counties and two Louisiana parishes it serves, known
locally as the Miss-Lou.  The hospital is owned by Adams County.

Natchez Regional Medical Center filed for Chapter 9 bankruptcy
protection (Bankr. S.D. Miss. Case No. 14-01048) on March 26,
2014.  Eileen N. Shaffer, Esq., Attorney At Law, serves as
bankruptcy counsel.  In its petition, the Center listed total
assets of $27.8 million and total debts of $20.80 million.  The
petition was signed by Donny Rentfro, hospital CEO.

At the onset of the case, the 179-bed facility said intends to
have a term sheet outlining a sale of the facility to a "qualified
buyer."  The hospital blamed financial problems on "ill-timed and
poorly integrated acquisition of physicians' practices and new
clinical technologies," the report related.

This is the Center's second bankruptcy filing in six years.  It
filed a Chapter 9 petition on Feb. 12, 2009 (Bankr. S.D. Miss.
Case No. 09-00477).  Eileen N. Shaffer, Esq., also represented the
Debtor as counsel in the 2009 case.  The Debtor listed total
assets of between $10 million and $50 million, and total debts of
between $10 million and $50 million in the 2009 petition.  Nathcez
Regional exited bankruptcy in December 2009 after a court approved
its plan of adjustment, in which all unsecured creditors owed
$5,000 were to be paid in full.

In the 2014 case, Bankruptcy Judge Neil P. Olack, who presides
over the case, has held that appointment of a patient care
ombudsman is unnecessary.


NATROL INC: Committee Taps Carl Marx as Financial Advisors
----------------------------------------------------------
The Bankruptcy Court will convene a hearing on July 30, 2014, at
10:00 a.m., to consider the application of the Official Committee
of Unsecured Creditors to retain Carl Marks Advisory Group LLC, as
financial advisors.

The Committee said CMAG will monitor the performance and plans of
the Debtor for the benefit of the Committee.  CMAG will perform
services, which will include, but not be limited to:

   a. analyze the current financial position of the Debtor;

   b. analyze the Debtor's business plans, cash flow projections,
      restructuring programs, and other reports or analyses
      prepared by the Debtor or its professionals in order to
      advise the Committee on the viability of the continuing
      operations and the reasonableness of projections and
      underlying assumptions;

   c. attend and advise at meetings with the Committee, its
      counsel, other financial advisors and representatives of
      the Debtor.

The engagement will be led by partner Christopher K. Wu.  Mr. Wu
will supervise the engagement with whatever additional resources
from CMAG are reasonably required.

The Debtor will pay CMAG:

   1. at the rate of $40,000 per monthly period; and

   2. a success fee, in the amount of $200,000, which requires
      consent and approval by the Committee, and which will be
      earned in full upon:

         (i) substantial consummation of a Chapter 11 plan
             of reorganization, liquidation or otherwise in
             the Debtor's chapter 11 case, or

        (ii) a sale of substantially all of the assets, in
             either case which:

             (A) is supported by the Committee; and

             (B) results in a 100% recovery to all general
                 unsecured creditors with an allowed claim;

CMAG confirms that no employees of CMAG have any financial
interest or business with the Debtor and CMAG is not aware of any
conflicts in connection with this engagement.

Mr. Wu assures the Court that CMAG is a "disinterested person" as
that term is defined in Section 101(14) of the Bankruptcy Code.

The firm may be reached at:

     Christopher K. Wu
     Carl Marks Advisory Group LLC
     900 Third Avenue, 33rd Floor
     New York, NY  10036
     Tel: (212) 909-8447
     E-mail: cwu@carlmarks.com

In a separate docket entry, the Court scheduled omnibus hearing on
Aug. 25, at 1:00 p.m., and Sept. 22, at 10:00 p.m.

                       About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc. --
http://www.natrol.com-- is a wholly owned subsidiary of Plethico
Pharmaceuticals Limited.  Plethico Pharmaceuticals Limited (BSE:
532739. BO: PLETHICO) engages in the manufacturing, marketing and
distribution of pharmaceutical and allied healthcare products
around the world.  Natrol products are made in the U.S.
Established in 1980, Natrol, Inc. has been a global leader in the
nutrition industry, and a trusted manufacturer and marketer of a
superior quality of herbs and botanicals, multivitamins, specialty
and sports nutrition supplements made to support health and
wellness throughout all ages and stages of life.  Natrol products
are available in health food stores, drug and grocery stores, and
mass-market retailers, and through Natrol.com and other online
retailers.  Natrol distributes products nationally through more
than 54,000 retailers as well as internationally in over 40 other
countries through distribution partners.

Natrol, Inc., and its six affiliates sought bankruptcy protection
on June 11, 2014 (Case No. 14-11446, Bankr. D. Del.).  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at Gibson, Dunn & Crutcher LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
Epiq Systems Inc.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The U.S. Trustee for Region 3 on June 19 appointed five creditors
of Natrol, Inc. to serve on the official committee of unsecured
creditors.  The Committee tapped to retain Otterbourg P.C. as lead
counsel; (ii) Pepper Hamilton LLP as Delaware counsel; and (iii)
CMAG as financial advisors.

Cerberus Business Finance, LLC, solely in its capacity as
administrative agent and collateral agent under a financing
agreement dated March 5, 2013, as amended, is represented by Laura
Davis Jones, Esq., Timothy O. Cairns, Esq. and Peter J. Keane,
Esq. at Pachulski, Stang, Ziehl & Jones, LLP of Wilmington,
Delaware and Michael L. Tuchin, Esq., David M. Stern, Esq., Robert
J. Pfister, Esq., and Colleen M. Keating, Esq. at Klee, Tuchin,
Bogdanoff & Stern of Los Angeles, California.


NATROL INC: July 30 Hearing on Cerberus Bid for Ch.11 Trustee
-------------------------------------------------------------
The Bankruptcy Court will convene a hearing on July 30, 2014, at
10:00 to consider approval of a motion to appoint a Chapter 11
trustee in the cases of Natrol, Inc., et al.

Cerberus Business Finance, LLC, solely in its capacity as
administrative agent and collateral agent under a financing
agreement dated March 5, 2013, as amended, filed the motion to
appoint a trustee on June 19.

As reported in the Troubled Company Reporter on July 7, 2014,
Cerberus which loaned $75 million to the Debtor, told the Court
that the Debtor has made questionable payments from the loaned
funds including a $25 million payment to Fabtech, an alleged
Singapore entity, although Fabtech is not registered to do
business in Singapore and is not domiciled at the business address
provided by the Debtor.  The $25 million payment to Fabtech is
highly suspicious.  First, there are two differing contracts with
Fabtech.  Each bears a different date and is signed by a different
officer of the Debtor.  The contracts are of differing page
lengths, ripe with misspellings and other irregularities, and
provide that the $25 million be wired to different offshore
accounts.  Additionally, the contracts do not delineate exactly
for what Fabtech is being paid. Since the date of the loan,
Cerberus has spent countless hours trying to get answers regarding
the Fabtech payment and other questionable disbursements by the
Debtor.

Ceberus argued that appointment of a trustee is necessary because
the Debtor, who is operating as a debtor-in-possession, cannot be
trusted to fulfill its fiduciary obligations to the estate and
creditors. Cerberus asserts that ample "cause" exists for the
appointment of a trustee pursuant to Section 1104(a) of the
Bankruptcy Code.  In addition to the Debtor's suspicious
expenditures, two CFOs, a CEO and over a dozen more high ranking
officers and advisors of the Debtor have either been terminated or
resigned since the date of the Cerberus loan.  Given the Debtor's
questionable loan to Fabtech, high rate of turnover, general lack
of business acumen, and acrimony and distrust between the Debtor
and it largest creditor, Cerberus claims that the appointment of a
Chapter 11 Trustee is in the best interest of the creditors and
the estate pursuant to Sec. 1104(a)(2) of the Bankruptcy Code.
Cerberus alleges that creditors of the Debtor have no valid basis
for relying on the Debtor's trustworthiness or prospects for
rehabilitation with the current management structure of the
Debtor.

                       About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc. --
http://www.natrol.com-- is a wholly owned subsidiary of Plethico
Pharmaceuticals Limited.  Plethico Pharmaceuticals Limited (BSE:
532739. BO: PLETHICO) engages in the manufacturing, marketing and
distribution of pharmaceutical and allied healthcare products
around the world.  Natrol products are made in the U.S.
Established in 1980, Natrol, Inc. has been a global leader in the
nutrition industry, and a trusted manufacturer and marketer of a
superior quality of herbs and botanicals, multivitamins, specialty
and sports nutrition supplements made to support health and
wellness throughout all ages and stages of life.  Natrol products
are available in health food stores, drug and grocery stores, and
mass-market retailers, and through Natrol.com and other online
retailers.  Natrol distributes products nationally through more
than 54,000 retailers as well as internationally in over 40 other
countries through distribution partners.

Natrol, Inc., and its six affiliates sought bankruptcy protection
on June 11, 2014 (Case No. 14-11446, Bankr. D. Del.).  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at Gibson, Dunn & Crutcher LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
Epiq Systems Inc.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The U.S. Trustee for Region 3 on June 19 appointed five creditors
of Natrol, Inc. to serve on the official committee of unsecured
creditors.  The Committee tapped to retain Otterbourg P.C. as lead
counsel; (ii) Pepper Hamilton LLP as Delaware counsel; and (iii)
CMAG as financial advisors.

Cerberus Business Finance, LLC, solely in its capacity as
administrative agent and collateral agent under a financing
agreement dated March 5, 2013, as amended, is represented by Laura
Davis Jones, Esq., Timothy O. Cairns, Esq. and Peter J. Keane,
Esq. at Pachulski, Stang, Ziehl & Jones, LLP of Wilmington,
Delaware and Michael L. Tuchin, Esq., David M. Stern, Esq., Robert
J. Pfister, Esq., and Colleen M. Keating, Esq. at Klee, Tuchin,
Bogdanoff & Stern of Los Angeles, California.


NOVA HOSPITALITY: Case Summary & Largest Unsecured Creditor
-----------------------------------------------------------
Debtor: NOVA Hospitality Group LLC
        6337 Summerday Court
        Burke, VA 22015

Case No.: 14-12739

Chapter 11 Petition Date: July 22, 2014

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

Debtor's Counsel: Raymond Pring, Jr., Esq.
                  THE LAW OFFICE OF RAYMOND R. PRING, JR.
                  9161 Liberia Avenue, Suite 100
                  Manassas, VA 20110
                  Tel: 703 366-3920
                  Fax: 703 842-8212
                  Email: rpring@pringlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mannem P. Reddy, authorized member.

The Debtor listed Greenberg Traurig as its largest unsecured
creditor holding a claim of $39,798.

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

             http://bankrupt.com/misc/vaeb14-12739.pdf


OPTIM ENERGY: Energy Future Ends Bid for Power Plant
----------------------------------------------------
Law360 reported that bankrupt Energy Future Holdings Corp. is
bowing out of an August auction for a Texas coal plant belonging
to also-bankrupt Optim Energy LLC, it told a Delaware judge,
leaving a field that features Arclight Capital Partners LLC's $82
million stalking-horse bid.  According to the report, Energy
Future subsidiary Texas Competitive Electric Holdings Co. LLC had
requested permission on June 27 to bid at least $68 million for
the plant, but has changed its mind, according to a new filing in
Delaware bankruptcy court.  Company spokesman Allan Koenig cited
only "business decisions" as the reason for the withdrawal in an
email, the report related.

                    About Optim Energy

Optim Energy, LLC, and its affiliates are power plant owners
principally engaged in the production of energy in Texas's
deregulated energy market.  Optim owns and operates three power
plants in eastern Texas: the Twin Oaks plant in Robertson County,
Texas, the Altura Cogen plant in Harris County, Texas and the
Cedar Bayou plant in Chambers County, Texas.  The Altura and Cear
Bayou plants are fueled by natural gas, and the third is coal-
fired.

Optim Energy and its affiliates sought Chapter 11 protection from
creditors (Bankr. D. Del. Lead Case No. 14-10262) on Feb. 12,
2014.

The Debtors have tapped Bracewell & Giuliani LLP and Morris,
Nichols, Arsht & Tunnell LLP as attorneys; Protiviti Inc. as
restructuring advisors; and Prime Clerk LLC as claims agent.

Optim Energy, LLC scheduled $6,948,418 in assets and $716,561,450
in liabilities.  Optim Energy Cedar Bayou 4, LLC, disclosed
$183,694,097 in assets and $717,646,180 in liabilities as of the
Chapter 11 filing.  The Debtors have $713 million of outstanding
principal indebtedness.

On Feb. 27, 2014, Roberta A. DeAngelis, U.S. Trustee for Region 3,
notified the Bankruptcy Court that she was unable to appoint an
official committee of unsecured creditors in the Debtors' cases.
The U.S. Trustee explained that there were insufficient responses
to her communication/contact for service on the committee.

            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.


PAYCOM SOFTWARE: Covenant Trip Overshadows Sales Growth
-------------------------------------------------------
Lisa Allen, writing for The Deal, reported that investors in
private equity-backed Paycom Software Inc. are banking on
continued revenue growth as the payroll software provider tries to
figure out how to comply with a waived debt covenant and how to
improve its lackluster stock performance after a disappointing
initial public offering.

The Deal recalled that Paycom sold 6.65 million shares on April 14
priced at $15 each, which was below the expected $18 to $20, and
raised about $99.68 million.  Paycom also has a waiver on the
current debt-to-Ebitda covenant attached to its bank loans, which
mandate a ratio of less than 1.5 to 1 times, through April 30, and
Paycom was not in compliance with that covenant as of March 31,
The Deal said.

The relevant loans are an $11.86 million secured term note due
Dec. 15, 2018, bearing interest at 5% and a $13.52 million
construction loan that will be converted to long-term notes when
the related construction project is completed, bearing interest at
the Wall Street Journal U.S. Prime rate plus 50 basis points, with
a minimum rate of 4%, The Deal related.


PLATFORM SPECIALTY: Mood's Affirms B1 CFR on $405MM Debt Funding
----------------------------------------------------------------
Moody's Investors Service affirmed the B1 corporate family rating
and B1-PD probability of default ratings of Platform Specialty
Products Corporation following the company's announcement that it
is raising $405 million of additional debt to fund the acquisition
of Chemtura's AgroSolutions business. The additional debt was
rated B1 and will be issued through a $275 million euro equivalent
senior secured term loan due 2020 and a $130 million add-on to the
existing senior secured term loan due 2020. Moody's also affirmed
the B1 ratings on both the existing $755 million senior secured
term loan due 2020 and the $150 million senior secured revolver
due 2018, which was also upsized from $50 million. The proposed
$275 million euro equivalent term loan will be issued by
Platform's European subsidiaries, MacDermid Agricultural Solutions
Holdings BV and Netherlands Agricultural Investment Partners, LLC,
as co-borrowers. Moody's affirmed the SGL-2 speculative grade
liquidity rating. The ratings outlook is stable.

"Platforms willingness to use a meaningful amount of equity to
fund larger acquisitions continues to support its B1 rating,
despite its acquisitive business strategy," said Lori Harris an
Analyst at Moody's.

Debt List

Ratings assigned:

Issuer: MacDermid Inc.

$130 million add-on first lien term loan facility due 2020 at B1
(LGD3)

Issuer: MacDermid Agricultural Solutions Holdings BV
Issuer: Netherlands Agricultural Investment Partners, LLC

$275 million Euro equivalent Term Loan B due 2020 at B1 (LGD3) *

Ratings affirmed:

Issuer: Platform Specialty Products Corporation

Corporate Family Rating B1

Probability of Default Rating B1-PD

Speculative Grade Liquidity Rating SGL-2

Issuer: MacDermid Inc.

$150 million revolving facility due 2018 to B1 (LGD3)

$755 million first lien term loan facility due 2020 to B1 (LGD3)

The Outlook is stable.

* Ratings are subject to receipt of final executed documentation.

Ratings Rationale

The affirmation of the B1 corporate family rating reflects Moody's
expectation that Platform's pro forma leverage will not increase
significantly to finance the AgroSolutions acquisition; pro forma
Debt/EBITDA is 4.2x for the LTM ended March 31, 2014. Platform's
$1 billion acquisition of AgroSolutions will be funded with $300
million in cash from the balance sheet, $287 million in cash
raised through a private issuance of public equity (PIPE)
completed in May 2014, $54 million in equity, and $405 million of
newly issued debt. The AgroSolutions acquisition will expand
Platform's business diversity with the addition of an agricultural
formulator to its existing industrials business mix; the
transaction is expected to close in the third quarter. (All ratios
include Moody's Standard Adjustments.)

The B1 rating reflects the diverse revenue stream, strong margins
and cash flow generating capabilities of the combined businesses,
which benefit from geographic, operational, and product diversity
through its global footprint, with significant operations in the
US, Europe, and Asia. Platform's demonstrated ability to generate
positive free cash flow throughout the business cycle and improve
margins, supports the ratings, as does the low capital expenditure
requirements, which further support free cash flow at the combined
entity. The company enjoys strong market positions in certain
niche markets and has limited exposure to volatile raw materials
costs, since the majority of Platform's raw materials are not
petrochemical-based and therefore the company does not experience
the same cost pressures as other chemical firms.

The rating is tempered by elevated event risk due to Platform's
stated strategy, as an acquirer of specialty chemical companies,
which may increase the company's leverage. The rating is also
limited by the company's moderate size measured by pro forma sales
of approximately $1.2 billion for the LTM ended March 31, 2013.
Pro forma for the transaction, Platform will generate
approximately 48% of sales from Performance Chemicals, 38% from
agricultural chemicals, and 14% from graphic solutions.

The B1 rating on the new $275 million euro equivalent term loan
reflects expectations that it will have equivalent recovery as the
US senior secured facilities due to the debt allocation mechanism
agreement, as well as other provisions under the final deal
agreements.

The stable outlook reflects the expectation that management will
continue to use equity to fund a portion of larger transactions so
that leverage remains below 5.0x. There is limited upside to the
rating at this time. The ratings could be upgraded if leverage
falls below 4.0x on a sustained basis and the company demonstrates
its ability to grow its sales and generate significant free cash
flow. Conversely, Platform's ratings could be downgraded if its
operating and credit metrics deteriorate. Specifically, if
leverage increase above 5.0x and free cash flow/Debt declines
below 4% Moody's could contemplate a rating downgrade. The rating
would be pressured if management undertakes a sizable debt-
financed acquisition, if the company accelerates the pace of
acquisitions and debt rises faster than EBITDA, or if there is no
debt reduction between acquisitions.

SGL-2 rating reflects good liquidity based upon Platform's cash
generating capabilities, as a result of strong margins and modest
capex needs, and the upsized revolver, to $150 million, which is
expected to be largely unused.

Headquartered in Miami, Florida, Platform Specialty Products Corp
(Platform) is a publicly-traded company founded by investors
Martin Franklin and Nicolas Berggruen in 2013. Platform's first
acquisition in 2013 was MacDermid Holdings, LLC, a global
manufacturer of variety of chemicals and technical services for a
range of applications and markets including; metal and plastic
finishing, electronics, graphic arts, and offshore drilling.
Platform is in the process of acquiring Chemtura Corporation's
AgroSolutions business in a levered transaction valued at roughly
$1 billion. The AgroSolutions business is a provider of
agrochemical and seed treatment products for a variety of crop
applications, which will add a new business vertical to Platform's
existing business. Revenues for the AgroSolutions business are
estimated at $460 million for the LTM ending March 31, 2014.

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


PLATFORM SPECIALTY: S&P Raises CCR to 'BB' & Removes From Watch
---------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Platform Specialty Products Corp. to 'BB' from
'B+' and removed all ratings from CreditWatch, where S&P had
placed them with positive implications on April 18, 2014.  The
outlook is stable.

"At the same time, we assigned our 'BB' issue rating and '3'
recovery rating to the company's revolving credit facility and
incremental term loan facilities.  We also raised our issue
ratings on the company's existing term loan facilities to 'BB'
from 'BB-' and revised our recovery rating to '3' from '2'.  The
'3' recovery rating indicates our expectation of meaningful
recovery (50% to 70%) in the event of a payment default," S&P
noted.

The stable outlook reflects S&P's expectations that Platform will
be able to complete and integrate the CAS acquisition
successfully.

"We expect the company's operating performance, cash flow
generation, and financial policies will support the rating.  We
also believe the company's approach to funding growth will not
stretch credit measures beyond our expectations at the rating,"
said Standard & Poor's credit analyst Seamus Ryan.  "In the
absence of further acquisitions, we would expect the company to
maintain FFO to debt of at least 20%. Following any acquisitions,
we would expect FFO to debt to remain above 12% at close, but
approach 20% within 12 to 18 months."

S&P could lower the ratings if it expects a large debt-funded
acquisition or combination of acquisitions to result in a
considerable weakening of credit measures, such that FFO to debt
declines to below 12% for several quarters.  S&P could also lower
ratings if integration problems, unexpected weakness in global
demand, or a very weak agricultural season leads to FFO to debt
below 20% in the absence of any acquisition activity.

While less likely, S&P could raise ratings if significant growth
in new products or emerging markets improves the company's FFO to
debt to above 30% over a sustained period.  To raise ratings S&P
would also expect the company to commit to this stronger financial
risk profile, a step S&P views as unlikely given the company's
strategy of growth through acquisitions.  S&P could also raise
ratings over the longer term if further acquisitions strengthen
the business risk profile without meaningful deterioration of
credit measures.


PSL NORTH AMERICA: Asks Court to Extend Time to File Schedules
--------------------------------------------------------------
PSL - North America LLC ask the Bankruptcy Court to further extend
the time to file their financial schedules and statements to
August 1, 2014.

William A. Romanowicz, Esq., at Richards, Layton & Finger, P.A.,
in Wilmington, Delaware, relates that before filing for
bankruptcy, PSL expended significant time and resources reviewing
their debt structure, analyzing their operations and cash flows,
marketing their assets, and negotiating and documenting a DIP
facility and stalking horse asset purchase agreement. These
processes exhausted PSL's resources almost entirely.

Since then, PSL worked with their various professionals to compile
the necessary information required for the schedules and
statements. PSL anticipated that the brief extension previously
requested would be sufficient. However, extremely limited staff
has been consumed almost entirely with stabilizing the business,
facilitating investment in the water transmission pipeline market
through the development and addition of a water transmission
pipeline component to existing manufacturing facility and dealing
with departures of key management personnel.

PSL is represented by:

     John H. Knight, Esq.
     Paul N. Heath, Esq.
     Tyler D. Semmelman, Esq.
     Amanda R. Steele, Esq.
     William A. Romanowicz, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     920 N. King Street
     Wilmington, DE 19801
     Telephone: 302-651-7700
     Facsimile: 302-651-7701
     Email: knight@rlf.com
            heath@rlf.com
            semmelman@rlf.com
            steele@rlf.com
            romanowicz@rlf.com

                    About PSL-North America

Founded in 2006, PSL-North America LLC is a manufacturer and
coater of large diameter steel pipes.  The company has a state-of-
the-art facility located in Bay St. Louis, Mississippi, with the
land leased for 99 years.  The company is an American-based
partially owned subsidiary of India's largest producer and
manufacturer of steel piping, PSL Limited.

On June 16, 2014, PSL-North America LLC and PSL USA Inc., filed
voluntary petitions in Delaware (Lead Case No. 14-11477) seeking
relief under chapter 11 of the United States Bankruptcy Code.  The
Debtors' cases have been assigned to Judge Peter J. Walsh.

The Debtors seek to have their cases jointly administered
for procedural purposes.

PSL-North America estimated $50 million to $100 million in assets
and $100 million to $500 million in debt in the bankruptcy
petition.  As of the Petition Date, the company had total
outstanding debt obligations of $130 million, according to a court
filing.

Proposed counsel for the Debtor are John H. Knight, Esq., Paul N.
Heath, Esq., Tyler D. Semmelman, Esq., Amanda R. Steele, Esq. and
William A. Romanowicz, Esq. at Richards, Layton & Finger, P.A.
of Wilmington, Delaware.   Epiq Bankruptcy Solutions serves as
claims agent.


PSL NORTH AMERICA: U.S. Trustee Unable to Form Creditors Committee
------------------------------------------------------------------
Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the
Bankruptcy Court that a committee of unsecured creditors has not
been appointed in the Chapter 11 cases of PSL-North America LLC,
et al.  According to the U.S. Trustee, there was insufficient
response to the Trustee's communication/contact for service on the
committee.

                    About PSL-North America

Founded in 2006, PSL-North America LLC is a manufacturer and
coater of large diameter steel pipes.  The company has a state-of-
the-art facility located in Bay St. Louis, Mississippi, with the
land leased for 99 years.  The company is an American-based
partially owned subsidiary of India's largest producer and
manufacturer of steel piping, PSL Limited.

On June 16, 2014, PSL-North America LLC and PSL USA Inc., filed
voluntary petitions in Delaware (Lead Case No. 14-11477) seeking
relief under chapter 11 of the United States Bankruptcy Code.  The
Debtors' cases have been assigned to Judge Peter J. Walsh.

The Debtors seek to have their cases jointly administered
for procedural purposes.

PSL-North America estimated $50 million to $100 million in assets
and $100 million to $500 million in debt in the bankruptcy
petition.  As of the Petition Date, the company had total
outstanding debt obligations of $130 million, according to a court
filing.

Proposed counsel for the Debtor are John H. Knight, Esq., Paul N.
Heath, Esq., Tyler D. Semmelman, Esq., Amanda R. Steele, Esq. and
William A. Romanowicz, Esq. at Richards, Layton & Finger, P.A.
of Wilmington, Delaware.  Epiq Bankruptcy Solutions serves as
claims agent.


PUERTO RICO: Utility May Default on January Interest Payment
------------------------------------------------------------
Michelle Kaske, writing for Bloomberg News, reported that the
Puerto Rico Electric Power Authority may miss a January interest
payment to investors, according to Municipal Market Advisors,
potentially triggering the largest restructuring ever of state and
local debt.

The agency, called Prepa, used $41.6 million of reserve funds to
help make a $417.6 million payment to bondholders on July 1,
according to Bloomberg.  With the reserve now depleted by about 10
percent, "we expect the bond trustee is unlikely to make any more
distributions to bondholders, reserving cash for likely litigation
expenses," Matt Fabian, a managing director at Concord, Bloomberg
cited a report by Massachusetts-based MMA.


PULSE ELECTRONICS: Appoints Interim CEO and Chairman
----------------------------------------------------
Pulse Electronics Corporation said that its Board of Directors has
named Alan H. Benjamin, chief operating officer of the Company, as
interim chief executive officer, and John E. Major, lead
independent member of Pulse's Board of Directors, as interim
Chairman of the Board, effective July 16, 2014.  These
appointments follow the resignation of Ralph E. Faison from his
positions as Chairman of the Board, chief executive officer and
president of Pulse.  Mr. Faison will continue to serve as a senior
advisor to the company to allow for a smooth transition of his
duties.  The Board will immediately begin a search for a permanent
chief executive officer, which will include both internal and
external candidates.

On July 16, 2014, the Company entered into an employment letter
with Mr. Benjamin.  Pursuant to the Employment Letter, Mr.
Benjamin's base salary will be $600,000 per year during his
service as interim chief executive officer.

During Mr. Faison's consulting term, Mr. Faison will be paid a fee
equal to his monthly base salary in effect as of the Effective
Date, for his services and will work no more than 40 hours per
week.

Mr. Major said, "On behalf of the Board, I would like to thank
Ralph for his many contributions and service to Pulse during his
tenure at the company.  The Board is grateful for Ralph's vision
and leadership of Pulse, and he has positioned Pulse on a clear
path to continued growth and success.  The Board and Ralph
mutually agreed that now is the right time for a change in
leadership as we capitalize on the recent restructuring of Pulse's
balance sheet, continue to reduce operating expenses and embark on
the next phase of Pulse's growth.  We look forward to working with
Alan as he assumes the role of interim CEO."

Mr. Major continued, "Pulse is fortunate to have an executive of
Alan's caliber to step into the interim CEO role.  His long tenure
and exceptional knowledge of the company, our products and our
markets, coupled with his extensive experience managing complex
businesses and attention to driving results, will be extremely
valuable to Pulse at a pivotal time in the company's history."

"I am honored to serve as interim CEO, and I welcome this
opportunity to work with the Board and employees of Pulse to
realize the full potential of the company," said Mr. Benjamin.
"Pulse is an innovative and exceptional company with outstanding
products.  I am grateful for having had the benefit of working
with Ralph and look forward to building on the foundation he has
laid.  In addition, I am pleased to announce that the company
expects net sales for the second quarter of 2014 of approximately
$93.6 million, up 6.0 percent from $88.3 million in the prior-year
quarter, and up 14.6 percent from $81.7 million in the first
quarter."

Mr. Faison said, "I would like to thank the Board of Directors and
the employees of Pulse for the opportunity to lead the company
over the last three years.  As Senior Vice President and Chief
Operating Officer, Alan is highly familiar with the company, its
customers and its products, and is incredibly well positioned to
serve as the interim CEO.

"This is the right moment for succession in leadership," Mr.
Faison said.  "Now is the right time to put in place a new CEO to
lead the company into the next phase of Pulse's growth."

Mr. Benjamin has served as chief operating officer of Pulse since
February 2011 and as senior vice president since May 2008.  He
joined Pulse in 1994, achieving roles with increasing
responsibility over his tenure including president of the
company's subsidiary, Pulse Electronics, Inc. (formerly known as
Pulse Engineering, Inc.), senior vice president of the Signal
Products Group, vice president of the Telecommunications Division
and Vice President of the European Business Unit.

Mr. Major is the president of MTSG, a strategic consulting and
investment company.  Previously, he served as the Chairman and
chief executive officer of Novatel Wireless, Inc., a wireless data
access solutions company, from 2000 to 2003, where he led the
company's successful IPO in November 2000.  Prior to that, he was
the CEO of Wireless Knowledge, in addition to serving in various
executive and leadership positions at Qualcomm and Motorola.

                      About Pulse Electronics

San Diego, California-based Pulse Electronics Corporation --
http://www.pulseelectronics.com/-- is a global producer of
precision-engineered electronic components and modules, operating
in three business segments: Network product group; Power product
group; and Wireless product group.  As of Dec. 28, 2012, Pulse had
$188 million in total assets.

As reported by the TCR on Juy 8, 2013, the Company dismissed
KPMG LLP as its independent registered public accounting
firm.  Grant Thornton LLP was hired as replacement.

Pulse Electronics reported a net loss of $27.02 million on $355.67
million of net sales for the year ended Dec. 27, 2013, as compared
with a net loss of $32.09 million on $373.16 million of net sales
for the year ended Dec. 28, 2012.  The Company's balance sheet at
March 28, 2014, showed $177.17 million in total assets, $235.99
million in total liabilities and a $58.82 million total
shareholders' deficit.


QUANTUM FOODS: Committee Wants Standing to Pursue Claims
--------------------------------------------------------
The official committee of unsecured creditors in the Chapter 11
cases of Quantum Foods, LLC, and its affiliates seeks the
Bankruptcy Court's authority to commence and prosecute litigation
claims on behalf of Quantum Foods.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, relates that the committee, Quantum Foods,
and Crystal Financial LLC, as agent to Quantum Foods' senior
secured lenders, entered into Court-approved agreements concerning
the funding and prosecution of litigation claims held by the
estates.  In particular, Crystal agreed to provide the committee
with a $45,000 advance to be used in their pursuit.  The parties
also agreed to a distribution protocol for bankruptcy recoveries,
where Crystal agreed to provide the estates with the first $1.3
million of recoveries for the benefit of administrative, priority
and general unsecured creditors.

Accordingly, the parties have deemed it necessary to investigate
and prosecute:

   (a) Quantum Foods' causes of action under Chapter 5 of the
       Bankruptcy Code; and

   (b) tort claims and causes of action of Quantum Foods' estates.

The parties have agreed that the most efficient way to investigate
and prosecute the litigation claims is the grant standing to the
committee to do so.

Mr. Collins notes that the litigation claims, if proven, may
provide a basis for substantial recoveries. With respect to the
Chapter 5 causes of action, Quantum Foods disclosed transfers to
vendors of over $74 million in the 90 days before filing for
Chapter 11 bankruptcy.

The committee is represented by:

     Mark D. Collins, Esq.
     Russell C. Silberglied, Esq.
     Christopher M. Samis, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Telephone: (302) 651-7700
     Facsimile: (302) 651-7701

                      About Quantum Foods

Founded in 1990 and headquartered in Bolingbrook, Illinois,
Quantum Foods, LLC -- http://www.quantumfoods.com-- provides
protein products made from beef, poultry and pork.

Quantum Foods and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 14-10318) on Feb. 18, 2014, to
facilitate the sale of substantially all their business to
CTI Foods Holding Co., LLC.

The Debtors' primary secured indebtedness totals $50.2 million,
owing to lenders led by Crystal Financial, LLC, as administrative
and collateral agent.

Quantum Foods is being advised in its restructuring by Daniel J.
McGuire, Esq., Gregory M. Gartland, Esq., and Caitlin S. Barr,
Esq., at Winston & Strawn as counsel; M. Blake Cleary, Esq.,
Kenneth J. Enos, Esq., and Andrew Magaziner, Esq., at Young,
Conaway, Stargatt & Taylor, LLP, serve as local counsel.
City Capital Advisors is the investment banker.  FTI Consulting,
Inc.  also serves as advisor. BMC Group is the claims and notice
agent.

The U.S. Trustee for Region 3 appointed five members to the
official committee of unsecured creditors in the case. The
Committee is seeking to retain Triton Capital Partners, Ltd. as
financial advisor; and Mark D. Collins, Esq., Russell C.
Silberglied, Esq., Michael J. Merchant, Esq., Christopher M.
Samis, Esq., and Robert C. Maddox, Esq., at Richards, Layton &
Finger, P.A. as counsel.

Raging Bull is represented in the case by Van C. Durrer II, Esq.,
at Skadden Arps Slate Meagher & Flom LLP.  Crystal Finance LLC is
represented by David S. Berman, Esq., at Riemer & Braunstein LLP.


QUANTUM FOODS: Court Enforces APA and Allows Access to Facilities
-----------------------------------------------------------------
Quantum Foods, LLC, and West Liberty Foods, LLC, are party to an
asset purchase agreement, as amended, dated June 19, 2014. The
sale was consummated on June 20, 2014.

Andrew L. Magaziner, Esq., at Young Conaway Stargatt & Taylor,
LLP, in Wilmington, Delaware, explained that on June 25, 2014,
West Liberty effectively evicted Quantum Foods from their own
leased properties and affirmatively took exclusive control over
their books and records and other property expressly excluded from
the pool of assets purchased.

The equipment sold to West Liberty was located in Quantum Foods'
culinary and foods facilities in Bolingbrook, Illinois.

Quantum Foods asked the Court to enforce the terms of the asset
purchase agreement and to compel West Liberty to grant it
reasonable access to facilities and recover property that was not
sold, including their books and records.  Quantum Foods also
sought to sanction West Liberty for attorneys' fees expended as a
result of West Liberty's actions on June 25, 2014.

The Court approved Quantum Foods' request.

                      About Quantum Foods

Founded in 1990 and headquartered in Bolingbrook, Illinois,
Quantum Foods, LLC -- http://www.quantumfoods.com-- provides
protein products made from beef, poultry and pork.

Quantum Foods and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 14-10318) on Feb. 18, 2014, to
facilitate the sale of substantially all their business to
CTI Foods Holding Co., LLC.

The Debtors' primary secured indebtedness totals $50.2 million,
owing to lenders led by Crystal Financial, LLC, as administrative
and collateral agent.

Quantum Foods is being advised in its restructuring by Daniel J.
McGuire, Esq., Gregory M. Gartland, Esq., and Caitlin S. Barr,
Esq., at Winston & Strawn as counsel; M. Blake Cleary, Esq.,
Kenneth J. Enos, Esq., and Andrew Magaziner, Esq., at Young,
Conaway, Stargatt & Taylor, LLP, serve as local counsel.
City Capital Advisors is the investment banker.  FTI Consulting,
Inc.  also serves as advisor. BMC Group is the claims and notice
agent.

The U.S. Trustee for Region 3 appointed five members to the
official committee of unsecured creditors in the case. The
Committee is seeking to retain Triton Capital Partners, Ltd. as
financial advisor; and Mark D. Collins, Esq., Russell C.
Silberglied, Esq., Michael J. Merchant, Esq., Christopher M.
Samis, Esq., and Robert C. Maddox, Esq., at Richards, Layton &
Finger, P.A. as counsel.

Raging Bull is represented in the case by Van C. Durrer II, Esq.,
at Skadden Arps Slate Meagher & Flom LLP.  Crystal Finance LLC is
represented by David S. Berman, Esq., at Riemer & Braunstein LLP.


REGENCY ENERGY: Fitch Rates Proposed $500MM Unsecured Notes 'BB'
----------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to Regency Energy
Partners L.P.'s (RGP) proposed $500 million senior unsecured notes
offering due 2022.  Proceeds from the notes will be used to repay
borrowings outstanding under RGP's revolving credit facility and
for general partnership purposes.  The Rating Outlook is Stable.

RGP recently completed several significant acquisitions including
PVR Partners, LP (PVR), Eagle Rock Midstream (EROC) assets, and
Hoover Energy Partners, LP (Hoover).  As a result, Fitch expects
RGP's leverage to be high for 2014 (above 5.0x) as it completes
and integrates these acquisitions.  Fitch expects metrics to
improve back to between 4.5x to 5.0x in 2015, further improving as
earnings and cash flow from acquisitions and growth projects start
to be fully realized on an annual basis.

Offsetting increased leverage is Fitch's belief that the mergers
will provide significant strategic benefits for RGP, including
increased size, scale and business line diversity, favorable
growth opportunities, and entry into the prolific Marcellus/Utica
shales.  The assets being acquired are complementary to RGP's
existing businesses from a geographic perspective and should
provide significant organic growth opportunities and easily
achievable cost saving synergies

KEY RATINGS DRIVERS

Increased Size/Scale: The transactions have significantly
increased RGP's size and scale, which are critical components for
successfully operating master limited partnerships (MLPs).  The
acquisitions help provide more diversified cash flows, competitive
advantages in the form of operational and cost synergies, and
RGP's larger size should improve capital market access.
Additionally, the transactions provide a significant foothold in
the growing Marcellus region as well as complementary
Midcontinent, East Texas, and Permian Basin operations.

Significant Gross Margin Stability: Pro forma for the
acquisitions, RGP has over 72% of its gross margin supported by
fee-based contracts which are insulated from changes in commodity
prices.  PVR and Hoover are largely fee-based and while EROC's
gross margin is only roughly 40% fixed fee, RGP is committed to
maintaining its current hedging practices.  Roughly 28% of RGP's
gross margin is exposed to commodity price changes, particularly
changes in natural gas and natural gas liquids prices (NGLs).  RGP
hedges the majority of its current-year open exposure, but is
expected to have roughly 10% of gross margin fully exposed to
commodity sensitivity.  Should current hedging practices change
materially to increase exposed gross margin, Fitch would likely
take negative rating actions.

Increased Leverage: Based on Fitch calculations, RGP's
Debt/Adjusted EBITDA is expected to be above 5.0x for 2014, but
return to the 4.5x-5.0x range in 2015 and fall below 4.5x for 2016
and beyond.  Acquisitions are being done with a significant equity
component, but the PVR transaction in particular is slightly
leveraging due to high leverage at PVR.  Fitch expects
distribution coverage between 1.0x to 1.25x in 2014 and 2015.
Fitch prefers to see distribution coverage in excess of 1.0x, as
the cash retention can provide a financial cushion in a downturn,
and help fund growth spending and/or debt reduction.  Fitch
typically adjusts EBITDA to exclude nonrecurring extraordinary
items, and noncash mark-to-market earnings.  Adjusted EBITDA
excludes equity in earnings and includes dividends from
unconsolidated affiliates.  Fitch does not adjust EBITDA for
material projects currently under construction.

General Partner Relationship: While Fitch's ratings largely
reflect RGP's credit profile on a stand-alone basis, they also
consider the company's relationship with Energy Transfer Equity,
L.P. (ETE; Fitch IDR 'BB'), the owner of its general partner
interest.  ETE's general partner interest gives it significant
control over the MLP's operations, including most major strategic
decisions such as investment plans.  The relationship has also
provided investment opportunities that might otherwise be
unavailable to RGP.

JV/Structural Subordination: RGP is the owner of several joint
venture (JV) interests; some of which have external debt.  RGP is
structurally subordinate to the cash operating and debt service
needs of these JVs and reliant on JV distributions to fund its
capital spending and its own distributions.

Adequate Liquidity: RGP currently has roughly $349 million in
availability under its $1.5 billion revolving credit facility
(RCF).  The RCF contains financial covenants requiring RGP and its
subsidiaries to maintain a debt-to-consolidated EBITDA ratio (as
defined in the credit agreement - including JV and material
projects pro forma EBITDA) of less than 5.5x, consolidated EBITDA-
to-consolidated interest expense ratio greater than 2.50x, and a
secured debt-to-consolidated EBITDA ratio less than 3.25x.  As of
March 31, 2014, RGP was in compliance with all of its covenants.

RATING SENSITIVITIES

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

   -- Continued large-scale acquisitions, or capital expenditures
      funded by higher than expected debt borrowings;

   -- A failure to significantly hedge open commodity price
      exposure;

   -- Significant and prolonged decline in demand/prices for NGLs,
      crude and natural gas;

   -- Debt/Adjusted EBITDA above the 4.5x to 5.0x range and
      distribution coverage below 1.0x on a sustained basis would
      also likely lead to a downgrade.

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

   -- Reduced business risk resulting from a higher percentage of
      fixed-fee operations;

   -- Material improvement in credit metrics with sustained
      leverage at 4.0x or below.

Fitch currently rates Regency as follows:

   -- Long-term Issuer Default Rating 'BB';
   -- Senior secured revolver 'BB+';
   -- Senior unsecured notes 'BB';
   -- Series A preferred units 'B+'.


REGENCY ENERGY: Moody's Rates New Senior Unsecured Notes 'Ba3'
--------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Regency Energy
Partners LP (Regency) and co-issuer Regency Energy Finance Corp.'s
senior unsecured notes due 2022. Note proceeds will be used to
repay borrowings outstanding under Regency's revolving credit
facility. The outlook is stable.

Issuer: Regency Energy Partners LP

Ratings assigned:

Senior Unsecured Regular Bond/Debenture, Assigned Ba3 (LGD4)

Ratings Rationale

"Having closed on its acquisitions of PVR Partners, L.P. (PVR) and
the midstream operations of Eagle Rock Energy Partners, L.P. (EROC
midstream), the scale and basin diversity of Regency's midstream
operations continue to expand," commented Andrew Brooks, Moody's
Vice President. "While the company's debt leverage remains
elevated, Moody's expect the incremental EBITDA accruing from
acquisitions and growth projects, and moderating capital spending,
will lead to reduced levels of debt leverage in 2014 and 2015."

The Ba3 rating on Regency's senior unsecured notes reflects the
subordination of the senior unsecured notes to Regency's $1.5
billion secured revolving credit facility's priority claim to the
company's assets. The size of the claims relative to Regency's
outstanding senior unsecured notes results in the notes being
rated one notch below the Ba2 Corporate Family Rating (CFR) under
Moody's Loss Given Default Methodology.

Regency's Ba2 CFR reflects its large size and scale,
notwithstanding the financial constraints associated with its
master limited partnership (MLP) structure, its business and
geographic diversification and high level of fee-based income
derived from recent expansions and acquisitions. Its rating also
recognizes Regency's rapid growth and evolving business mix
profile, the execution risk associated with a rapid series of
acquisitions, and its elevated debt leverage. Regency's leverage
at year-end 2013, which exceeded 6x (including Moody's standard
adjustments), reflects its heavy investment in growth capital
spending. Debt leverage pro forma for the acquisitions will not
increase, and should trend lower as a result of anticipated EBITDA
growth and moderating capital spending. Moody's rating also takes
into account the control of Regency exercised by Energy Transfer
Equity, L.P. (ETE, Ba2 stable), its general partner, and the
extent of ETE's overall consolidated leverage, including Regency,
which exceeds 6x.

Regency is a publicly traded MLP whose midstream operations
consist of natural gas gathering and processing (G&P), gas
pipeline transmission and natural gas liquids (NGLs)
transportation, processing and fractionation. On March 21, Regency
closed on its units-for-units acquisition of PVR, including the
assumption of PVR's $1.8 billion of senior notes and the repayment
of PVR's revolving credit facility with borrowings under Regency's
revolving credit facility. PVR will provide Regency with an
expanded presence in the rapidly growing Marcellus Shale. On July
1, Regency closed on its acquisition of EROC midstream, including
the exchange of $499 million of EROC's senior notes for $499
million of Regency's senior notes.

Regency should have adequate liquidity into 2015, which is
captured in its SGL-3 Speculative Grade Liquidity Rating (SGL). In
February 2014, Regency increased its $1.2 billion secured
revolving credit facility commitment to $1.5 billion, and the
uncommitted portion to $500 million from $300 million. The
increases were established to facilitate the PVR and EROC
midstream acquisitions. The revolver is scheduled to mature in May
2018. As of July 18, Regency had $1.11 billion of borrowings
outstanding under the facility, a portion of which will be repaid
with proceeds from the notes issue. Regency should have sufficient
cushion under its financial covenants. Its leverage ratio (debt to
EBITDA) is limited to 5.5x, with secured debt/EBITDA limited to
3.25x. A minimum interest coverage ratio is set at 2.50x EBITDA.
Covenant language is such that it permits Regency to employ an
adjusted EBITDA for projects in construction to account for the
lag in EBITDA attributable to debt-financed growth. The revolving
credit facility is secured by all assets, although Regency has an
asset base significantly in excess of the $1.5 billion secured
revolver, which should afford it the ability to raise additional
liquidity through asset sales, if so necessitated.

Regency's stable outlook reflects its growing size and scale,
increased geographic and basin diversification and the high level
of fee-based cash flow derived from recent expansions and
acquisitions. An upgrade to Ba1 would be possible assuming Regency
successfully integrates its rapidly accumulated acquisitions and
improves debt to EBITDA to below 4.5x while maintaining operating
margins from fee-based sources around 70%. Distribution coverage
should consistently be maintained in excess of 1x. Ratings could
be downgraded should improvements in debt leverage be reversed,
reaching over 5x. Additionally, should the credit of ETE
materially weaken, or should ETE aggressively pressure Regency for
higher distribution payouts, a negative rating action could be
considered.

The principal methodology used in this rating was the Global
Midstream Energy 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.

Regency Energy Partners LP is a midstream energy MLP headquartered
in Dallas, Texas.


REGENCY ENERGY: S&P Rates $500MM Sr. Unsecured Notes 'BB'
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' issue-level
rating and '4' recovery rating to Regency Energy Partners L.P.'s
and Regency Energy Finance Corp.'s issuance of $500 million of
senior unsecured notes due 2022.  The partnership intends to use
note proceeds to repay borrowings outstanding under its revolving
credit facility and for general partnership purposes.  As of
March 31, 2014, Regency had about $5.8 billion of reported debt.
Dallas-based Regency is a master limited partnership in the U.S.
midstream energy sector.

RATINGS LIST

Regency Energy Partners L.P.
Corp credit rating               BB/Stable/--

New Ratings

Regency Energy Partners L.P.
Regency Energy Finance Corp.
$500 mil senior unsecured notes  BB
Recovery rating                  4


RIVER TERRACE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: River Terrace Estates, Inc.
        400 Caylor Boulevard
        Bluffton, IN 46714

Case No.: 14-11829

Nature of Business: Health Care

Chapter 11 Petition Date: July 22, 2014

Court: United States Bankruptcy Court
       Northern District of Indiana (Fort Wayne Division)

Judge: Robert E. Grant

Debtor's Counsel: Jeffrey A. Hokanson, Esq.
                  FROST BROWN TODD LLC
                  201 North Illinois Street, Suite 1900
                  P.O. Box 44961
                  Indianapolis, IN 46244-0961
                  Tel: 317-237-3953
                  Fax: 317-237-3900
                  Email: jhokanson@fbtlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by David Stewart, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/innb14-11829.pdf


ROOSTER ENERGY: Moody's Assigns Caa1 CFR & Rates $100MM Notes Caa1
------------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to Rooster
Energy Ltd.  The assignments include a Caa1 rating on Rooster's
proposed offering of $100 million of senior secured notes due
2019, a Caa1 Corporate Family Rating (CFR), a Caa1-PD Probability
of Default Rating (PDR) and a SGL-3 Speculative Grade Liquidity
Rating. The outlook is stable.

Net proceeds from the proposed debt offering will be used to
refinance approximately $37 million of existing debt and fund the
$10 million cash portion of an acquisition (for Morrison Well
Services, LLC). Rooster is currently negotiating a $25 million
senior secured revolving credit facility that is expected to be
undrawn at closing. The ratings are subject to Moody's review of
the finalized documents and terms.

Assignments:

Issuer: Rooster Energy Ltd.

$100 Million Senior Secured Notes, Assigned Caa1 (LGD4, 57%)

Corporate Family Rating, Assigned Caa1

Probability of Default Rating, Assigned Caa1-PD

Speculative Grade Liquidity Rating, Assigned SGL-3

Outlook, Assigned Stable Outlook

Ratings Rationale

"Rooster's ratings reflect its very small production and reserves
base relative to other exploration and production (E&P) companies
in Moody's rated universe, highly concentrated operations in the
Gulf of Mexico shelf, high leverage, short drilling and
development history, and mature assets with limited growth
prospects," commented Sajjad Alam, Moody's AVP/Analyst.

Offshore E&P activities pose greater operational and technical
challenges and Gulf of Mexico wells are fraught with high natural
declines and stringent plugging and abandonment (P&A)
requirements. The rating also considers the significant oil
component in Rooster's production stream (approximately 49% in
second quarter 2014), its high operating interest (97%), and the
future cash flow support from a relatively stable well
decommissioning business.

The proposed notes are rated Caa1, at the CFR level, given the
potential for a small amount of priority-claim debt ahead of these
notes in Rooster's capital structure. There is a $25 million
carve-out in the notes indenture that permits Rooster to extend
first-priority claim to its assets to other lenders and
contractually subordinate the notes through an inter-creditor
agreement. However, the proposed notes will have full and
unconditional guarantee from all of Rooster's material
subsidiaries and will be secured by all the assets of the
guarantor subsidiaries.

Rooster should have adequate liquidity through mid- 2015 which in
indicated in the SGL-3 rating. Following successful issuance of
the notes, the company will have pro forma cash of about $50
million as of March 31, 2014. A large portion of Rooster's capital
spending will occur through early 2015. Balance sheet cash along
with the internally generated cash flows, should cover Rooster's
funding requirements during this period. The company is also
negotiating a five-year $25 revolving credit facility that most
likely will be put in place shortly after the note closing. The
revolver is expected to have a fixed charge coverage ratio
covenant that will get triggered if availability falls below a yet
to be determined level. Rooster's has limited ability to raise
cash from alternative sources given all of its assets are pledged
to secured lenders.

The stable outlook reflects Moody's assumption that Rooster will
maintain adequate liquidity through 2015 and maintain production
above 3,000 barrels of oil equivalent per day (boe/day).

A rating upgrade is unlikely without a substantial improvement in
Rooster's production and reserves given its current scale and
highly concentrated operations. An upgrade could be considered if
Rooster is able to sustain production in excess of 8,000 boe/day
while maintaining a good liquidity profile and a leveraged full-
cycle ratio above 1x.

The rating could be downgraded if debt to average daily production
cannot be sustained below $35,000 per boe or aggressive
expenditures leads to significant negative free cash flow or weak
liquidity.

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

Rooster Energy Ltd. is a Gulf of Mexico shallow water focused
publicly traded oil and gas E&P company with a significant well
decommissioning business.


ROOSTER ENERGY: S&P Assigns CCC+ CCR & Rates $100MM Notes CCC+
--------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'CCC+' corporate
credit rating to Houston-based Rooster Energy Ltd.  The outlook is
developing.  S&P also assigned a 'CCC+' issue rating to Rooster's
proposed $100 million senior secured notes due 2019.  S&P assigned
a '4' recovery rating to the notes, indicating its expectation of
average (30% to 50%) recovery in the event of a payment default.

The ratings on Rooster reflect the company's participation in the
volatile and capital-intensive oil and gas E&P and oil field
services industries, and its small and geographically concentrated
asset base in the Gulf of Mexico.  The ratings also reflect
Rooster's strained liquidity position and its exposure to
significant asset retirement obligations.

Rooster is a vertically integrated oil and gas company combining
E&P operations with a leading down-hole and subsea oil and gas
plugging and abandonment (P&A) services business.  All of the
company's assets and operations are in the Gulf of Mexico.
Rooster's oil and gas properties include about 65,000 net acres of
shallow water fields in the Gulf.

"The outlook is developing, reflecting our view that we could
either raise or lower the rating over the next 12 months depending
on the company's success in stabilizing its capital structure and
improving operating performance," said Standard & Poor's credit
analyst Christine Besset.

S&P would lower the rating if the company were unable to solve its
liquidity issues and stabilize its capital structure, or sustain
satisfactory operating performance.

A positive rating action could be considered if the company were
able to refinance successfully, expand its oil and gas production
and sustain adequate utilization rates in its well services
business.


SEARS METHODIST: UST Seeks to Appoint Patient Care Ombudsman
------------------------------------------------------------
William T. Neary, U.S. Trustee for the Chapter 11 cases of Sears
Methodist Retirement System, Inc., and its affiliates, seeks the
Bankruptcy Court's authority to appoint a patient care ombudsman.

Nancy S. Resnick, Esq., at the office of the U.S. Trustee, in
Dallas, Texas, explains that Sears Methodist serves retirees. The
businesses include independent living, assisted living, skilled
nursing facilities and memory care units. In total, Sears
Methodist has nine facilities licensed to operate skilled nursing
units.

Before the bankruptcy filing, the State of Texas Department of
Aging and Disability Services raised patient care concerns at two
facilities held in a Senior Dimensions case, case number 14-32385.
Sears Methodist sought to remedy the concerns raised by DADS, and
they hired consultants to evaluate the facilities.

Sears Methodist, the official committee of unsecured creditors,
and the State of Texas have consented to the appointment of an
ombudsman for each facility.

The U.S. Trustee contends each of the skilled nursing units and
each of the memory care units is a health care business as defined
by Section 101(27) of the Bankruptcy Code.

Ms. Resnick points out that appointing an ombudsman is appropriate
in each case with a skilled nursing unit or memory care unit. The
ombudsman will monitor the quality of patient care and represent
the interests of the patients of the health care business.

                       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.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors.  The Committee is represented by
Clifton R. Jessup, Jr., Esq., and Bryan L. Elwood, Esq., at
Greenberg Traurig, LLP, in Dallas, Texas.


SINO-FOREST CORP: Former CFO Inks Deal With Canadian Regulators
---------------------------------------------------------------
Law360 reported that the Ontario Securities Commission said it has
reached a tentative settlement with a former Sino-Forest Corp.
executive over claims that he had violated securities laws before
the company collapsed amid controversy over its asset valuations
and financials.  According to the report, the OSC said it will
hold a hearing to consider whether to approve the settlement with
David Horsley, who served as the Chinese timber company's chief
financial officer.

                    About Sino-Forest Corp.

Sino-Forest Corporation -- http://www.sinoforest.com/-- is a
commercial forest plantation operator in China.  Its principal
businesses include the ownership and management of tree
plantations, the sale of standing timber and wood logs, and the
complementary manufacturing of downstream engineered-wood
products.  Sino-Forest also holds a majority interest in
Greenheart Group Limited, a Hong-Kong listed investment holding
company with assets in Suriname (South America) and New Zealand
and involved in sustainable harvesting, processing and sales of
its logs and lumber to China and other markets around the world.
Sino-Forest's common shares have been listed on the Toronto Stock
Exchange under the symbol TRE since 1995.

Sino-Forest Corporation on March 30, 2012, obtained an initial
order from the Ontario Superior Court of Justice for creditor
protection pursuant to the provisions of the Companies' Creditors
Arrangement Act.

Under the terms of the Order, FTI Consulting Canada Inc. will
serve as the Court-appointed Monitor under the CCAA process and
will assist the Company in implementing its restructuring plan.
Gowling Lafleur Henderson LLP is acting as legal counsel to the
Monitor.

FTI Consulting commenced a Chapter 15 case for Sino-Forest in New
York (Bankr. S.D.N.Y. Case No. 13-10361) to give force and effect
of Sino-Forest's plan of compromise and reorganization that has
been sanctioned by creditors and an Ontario court.  The Chapter 15
petition claimed assets and debt both exceed $1 billion.  Jeremy
C. Hollembeak, Esq., at Milbank, Tweed, Hadley & McCloy, LLP,
serves as counsel in the U.S. case.


SNOHOMISH COUNTY HOSP: Moody's Affirms 'B1' LTGO Bonds Rating
-------------------------------------------------------------
Moody's Investors Service affirms the B1 rating on Snohomish
County Public Hospital District No.1 (Valley General), WA's
limited tax general obligation bonds outstanding in the
approximate amount of $20.4 million. The bonds are a general
obligation of the hospital district for which it has covenanted to
budget and levy ad valorem taxes within the constitutional and
statutory limitations of non-voter approved debt. The long term
rating carries a negative outlook.

Summary Ratings Rationale

The affirmation of the B1 rating primarily reflects Moody's view
that the district's financial operations face significant
challenges and vulnerabilities associated with very low liquidity
and competition from other regional hospitals. The affirmation
also considers the affiliation with Evergreen Health and the
recent voter-approved levy lid lift, both of which are expected to
provide some degree of operating and revenue stability. The rating
also incorporates the hospital district's still sizable tax base
size and average socioeconomic indices.

Finally, the affirmation of the rating incorporates Moody's view
of the strength of the limited property tax pledge. Specifically,
in the event of a dissolution of any special district in the
state, including for example Snohomish PHD #1 (Valley General),
WA, the superior court of the county has the authority to order
the board of commissioners to levy assessments in the manner
provided by law against property in the district in the amounts
sufficient to retire outstanding debt.

The negative outlook reflects the district's vulnerable position
financially and the uncertainty surrounding the ability of the
district to return to positive financial operations in a timely
manner. The district is only in the beginning stages of a
financial recovery and given its extremely low level of liquidity
and still declining patient volumes, any unanticipated challenges
from regional competitors or market forces generally, could easily
push the district toward insolvency.

Strengths

-- Voter-approved levy lid lift increased O&M property tax
    revenues available for debt service and operations

-- Recently completed affiliation with Evergreen Healthcare per a
    ten-year Interlocal Agreement

-- Sizable tax base returning to growth after several years of
    declines

Challenges

-- Extremely narrow liquidity with only 10 days cash on hand at
    May 31, 2014

-- Multi-year trend of stressed financial operations and negative
    operating cash flow

What could move the rating -- UP (remove negative outlook)

-- Prolonged trend of structurally balanced operations

-- Significant and sustained increase in liquidity

What could move the rating -- DOWN

-- Continued depletion of assets and liquidity

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.


SONJA MORGAN: Selling Manhattan Home for $7.8 Million
-----------------------------------------------------
Amber Ryland, writing for Showbizspy.com, reported that Real
Housewives of New York City star Sonja Morgan is selling her New
York City apartment to help pay off a $7 million judgement she
owes to creditors after filing for Chapter 11 bankruptcy.  The
report said Ms. Morgan slashed the price by nearly half a million
dollars -- as the listing is down from $8.25 million to $7.8
million.  The report said she purchased the home for $9.1 million
in 1998.


STEEL DYNAMICS: Severstal Deal No Impact on Moody's 'Ba1' CFR
-------------------------------------------------------------
Moody's Investors Service comments that Steel Dynamics, Inc's
(SDI) $1.63 billion acquisition of Severstal Columbus, LLC from
OAO Severstal (Ba1 corporate family rating) is credit negative,
although it has no impact on SDI's Ba1 corporate family rating
(CFR) at this time. The company indicates that it intends to fund
the transaction with a combination of cash on hand ($343 million
at March 31, 2014) and debt. SDI has entered into a $1 billion
committed bridge facility. In addition to the company's cash
position, liquidity is supported by a $1.1 billion asset-based
senior secured revolving credit facility expiring in September
2016. The increase in leverage resulting from the transaction will
weaken SDI's debt protection metrics and lengthen the time frame
by which the company can evidence metrics more appropriate for its
rating.


TARSIN INC: Empire Film Group to Acquire Business
-------------------------------------------------
The Board of Directors of Empire Film Group, Inc. and the Board of
Directors of Tarsin Inc. on July 17 disclosed that they have
unanimously agreed and reached definitive agreement to acquire
Tarsin, Inc.  This acquisition will help expand and further
integrate Empire's digital film and media assets into Mobile
Publishing and Wagering.

"We are excited to have Tarsin as part of the Empire Group.
Tarsin has a rich history and proven track record in mobile
publishing with over 12 years in business, published in 32
languages and 120 countries.  Tarsin's parent Game2Mobile Inc. /
Tarsin underwent a reorganization and consolidation in US Federal
Bankruptcy court in the Northern District, San Jose California in
2014 therefore the acquisition is subject to approval of the US
Bankruptcy Court as part of its plan reorganization.  The
acquisition will be in the form of a combination of cash and
stock.  Empire is content rich after 10 years in the film and
digital media industry.  The 2 entities compliment the business
initiative going forward.  I have had the unique experience over
the past several years of being involved with both companies and
working with the talented and experienced management teams,"
commented Mr. Joseph Cellura, Managing Director of Empire Film
Group, Inc.

Empire Film Group, Inc. is a fully-integrated digital media, film
and television production and distribution company with
capabilities to reach theatrical, video, television, video-on-
demand for the worldwide markets.  Empire Sports Group, Inc. is a
wholly owned subsidiary of Empire Film Group set up to develop,
acquire, produce, market and distribute sports related
entertainment properties in film, television and in various
multimedia and digital environments.

Tarsin Inc. takes brands mobile providing casinos and gaming
operators with the runway to execute their mobile strategy.
Operators can now derisk launching and monetizing innovative
mobile publishing, mobile wagering products on all mobile devices
as Tarsin's platform technology is agnostic, quick and robust.
They can reach broad new revenue streams through a proven mobile
publishing platform with a comprehensive mobile suite of
distribution, marketing, location and payment capabilities.
Tarsin manages the development, integration, deployment and
distribution of mobile content including games of skill and chance
into emerging mobile devices markets.

"Having spent a decade learning and living the complexity end of
mobile publishing, and solving compliance challenges, we will now
be the engine powering expansion onto the widest range of mobiles
in whatever territories a gaming operator chooses," says
John Osborne, a leader in mobile publishing.  "Operators want to
extend their brands and market reach by putting their loyalty
programs, games and betting literally into the hands of their
players."  He adds, "People enjoy consuming media, content and
games via their mobiles, and as US legislation begins to encourage
gaming operators here to catch up with that behavior, we can look
forward to bold innovation in gaming and wagering."

                       Features and Facts

The Tarsin mobile publishing and wagering suite of Licenses and
Right To Use agreements offers a unique suite of fully featured
and proven mobile solutions which are critical to the nature of
placing a wager and playing games on mobile.  Not least are
identity confirmation, geo-fencing, geo verification and
geo-location by state or region, a suite of consumer billing
options including Point of Sale "POS," and a high level of
personal and corporate security including device authentication
prior to each m-commerce transaction.  Supporting professional
services, design services and project management services enable
full systems integration with back-end gaming infrastructures, web
front ends and bricks-and-mortar operations.  The platform
supports marketing program integration and execution, ensuring
high levels of distribution for operators, and ease of adoption
for consumers. Its inbuilt scalability and resilience supports
propositions launched on both national and international
footprints.  With an ever- increasing rate of handset development,
mobile devices were reported to have surpassed the sale of
computers for the first time in the history of computer based
devices in 2013.  Tarsin via its suite of licenses and Right to
Use mobile platforms ensures that hardware is supported upon
production release, maximizing the addressable mobile market in
real time.  As of January 2012, the various platform technology
supports over 1500 handsets, smartphones and tablets from 49
manufacturers. It is interoperable with 796 carriers and mobile
operators worldwide including 51 in North America, and designs and
publishes seamlessly across multiple variants of operating systems
based on Apple, Android, Windows, Rim, Nokia, Java and BREW.
Tarsin services and operates in 32 languages plus a further 5
regional variants, publishing over 3 million mobile applications
to consumers.

                        About Tarsin Inc.

Tarsin Inc. develops mobile applications software.  The company
was founded in 2002 and is based in Incline Village, Nevada.
Tarsin Inc. operates as a subsidiary of Tarsin (Europe) Limited.


TEEKAY CORP: Moody's Affirms 'B1' CFR & 'B2' Sr. Secured Rating
---------------------------------------------------------------
Moody's Investors Service affirmed its debt ratings of Teekay
Corporation ("Teekay" or "Parent"): B1 Corporate Family and B2
senior unsecured. Moody's also affirmed the SGL-3 Speculative
Grade Liquidity rating and changed the rating outlook to stable
from negative.

Ratings Rationale

The change in outlook to stable reflects the progress Moody's
expects Teekay to make in the next 18 months towards materially
reducing the direct debt at the Teekay Corporation level from what
is now about $1.2 billion, as part of realizing Teekay's strategy
to become what is effectively an investment holding company.
Distributions required from its two MLP subsidiaries, Teekay LNG
Partners L.P. ("TGP", not rated) and Teekay Offshore Partners L.P.
("TOO", not rated) and dividends from Teekay Tankers, Inc. ("TNK",
not rated), are expected to aggregate in excess of $200 million in
2015 and grow thereafter. On the much lowered debt amounts going
forward, these dividends combined with cash and upcoming
reductions of conventional tanker operations at the Teekay
Corporation level are expected to be sufficient to service the
lowered debt.

Eliminating the majority of its remaining vessel operations by
selling its remaining FPSOs (floating production, storage and off-
take vessels) and LNG carriers should occur in the upcoming six to
24 months. The ongoing wind down of in-chartered conventional
tankers at above market rates will lower adjusted debt and reduce
what has been a significant contributor to the Parent's operating
losses of recent years. The backlog of contracted revenues of TOO
and TGP support Moody's expectation that the distributions
received by Teekay will be sufficient for it to service its debt.

Moody's estimates the standalone company's earnings and financial
position by deconsolidating the daughter companies' using their
publicly-filed financial reports. Funded debt of the Parent
approximated $1.2 billion at March 31, 2014, which compared to
$6.8 billion of consolidated debt, of which Parent guarantees
about $800 million. Current credit metrics of Parent are burdened
by the significant debt it incurred for the construction of the
Knarr FPSO, which Moody's anticipates will commence revenue
service in December 2014 and will be sold to TOO by the end of the
second quarter of 2015. Credit metrics in 2014 will remain weak
for the assigned rating. Moody's expects debt to decline as the
remaining vessel assets are monetized. The B1 rating contemplates
that asset sale proceeds at Teekay Corporation will be greater
than the associated debt, which will be repaid or transferred to
the acquirer upon closing of each disposal transaction. The
ratings also contemplate that funded debt of the Parent will not
increase as it will no longer use its balance sheet to develop new
projects or investments on behalf of its subsidiaries. Moody's
expects the subsidiaries, on the other hand, to continue to grow
their fleets, which should lead to increased distributions. This
will benefit the Parent's credit profile, since it will receive
more cash as well as increase the value of its general partner
interests in the MLP subsidiaries.

There is no upwards pressure on the ratings in the near term.
Successful execution of the asset disposal strategy such that
Parent sustains its net debt below $300 million could positively
pressure the rating as could Debt to EBITDA that approaches 3.5
times. A negative rating action could follow if Teekay does not
fully repay or transfer the secured debt associated with each of
its vessels upon their disposal. While not expected, a decline of
more than $40 million in the annual distributions received by
Parent could pressure the rating as could an increase in funded
debt should Teekay invest in growth projects. A reduction in
Parent's unrestricted cash to below $125 million or the inability
of the parent or a subsidiary to timely refinance upcoming
maturities could also lead to a negative rating action.

Teekay Corporation, a Marshall Islands corporation headquartered
in Hamilton, Bermuda, having its main operating office in
Vancouver, Canada, operated a fleet of 181 owned or chartered-in
crude, refined products, LNG, LPG and FPSO vessels at July 2014,
including 23 newbuildings on order or conversions.

The principal methodology used in this rating was Global Shipping
Industry published in February 2014.

Outlook Actions:

Issuer: Teekay Corporation

Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Teekay Corporation

Speculative Grade Liquidity Rating, Affirmed SGL-3

Corporate Family Rating, Affirmed B1

Senior Unsecured Regular Bond/Debenture Jan 15, 2020, Affirmed
B2


TESORO LOGISTICS: Moody's Raises Corporate Family Rating to Ba2
---------------------------------------------------------------
Moody's Investors Service upgraded Tesoro Logistics LP's Corporate
Family Rating (CFR) to Ba2 from Ba3 and its senior unsecured notes
co-issued by Tesoro Logistics Finance Corp. to Ba3 from B1. The
rating outlook is stable.

"Tesoro Logistics' ratings upgrade reflects increased scale and
asset diversity, with a continued high percentage of contracted,
fee-based revenues from its parent company and general partner,
Tesoro Corporation," commented Gretchen French, Moody's Vice
President.

Issuer: Tesoro Logistics LP

Corporate Family Rating, upgraded to Ba2 from Ba3

Probability of Default Rating, upgraded to Ba2-PD from Ba3-PD

$550 Million Senior Unsecured Notes due in 2021, upgraded to Ba3
(LGD 4) from B1 (LGD 4)

$600 Million Senior Unsecured Notes due in 2020, upgraded to Ba3
(LGD 4) from B1 (LGD 4)

Speculative Grade Liquidity Rating, affirmed at SGL-3

Ratings Rationale

On a standalone basis, Moody's views Tesoro Logistics' credit
profile as more consistent with a Ba3 rating, reflecting its
stable cash flows from long-term, fee-based contracts with minimum
volume commitments and visible growth trajectory, but restrained
by its limited track record as both a MLP and with its portfolio
of assets, and aggressive growth strategy and high distributions
associated with its MLP structure. However, the Ba2 CFR reflects
uplift from its strategic importance to its general partner,
Tesoro Corporation (Tesoro, Ba1 stable), as the MLP will provide
it with critical infrastructure and a coordinated growth strategy,
and supportive contract structures. Additionally, Tesoro's support
is reflected in its 36% common unit ownership stake, plus a 2%
general partner stake, in Tesoro Logistics.

Tesoro Logistics' Ba3 rated senior unsecured notes reflect both
the overall probability of default of the company, to which
Moody's assigns a Probability of Default Rating of Ba2-PD, and a
loss given default of LGD 4. The notes are rated one notch below
the Ba2 CFR, reflecting the contractual subordination of the notes
to Tesoro Logistics' $575 million credit facility. The unsecured
notes have upstream guarantees from substantially all of the
partnership's subsidiaries.

Tesoro Logistics' SGL-3 rating reflects the expectation for
adequate liquidity through 2015. The liquidity profile is
constrained by the company's high payout ratio and need to finance
any material growth through external sources. As of March 31, 2014
and pro forma for the recent drop down, the company had $214
million drawn under its $575 million bank credit facility. The
credit facility is secured by substantially all of Tesoro
Logistics' assets, matures in December 2017, and includes
covenants of net debt/EBITDA of no greater than 5x, secured
debt/EBITDA of no greater than 3.5x, and EBITDA/interest of no
less and 2.5x. Moody's expect adequate covenant compliance
headroom through 2015.

Tesoro Logistics' stable rating outlook assumes that the company
will finance future material acquisitions with a meaningful
portion of equity (at least 50%), maintain adequate distribution
coverage (over 1x) and leverage under 4.5x.

Tesoro Logistics' ratings could be upgraded if the company
successfully grows its size and scale (EBITDA over $500 million)
while maintaining a favorable business risk profile and sustaining
lower financial leverage (debt/EBITDA maintained below 4x).

Tesoro Logistics' ratings could be downgraded if debt/EBITDA were
to be sustained above 4.5x, which would most likely occur because
of a leveraging acquisition, or if the company acquired a
significant amount of new assets with a weak business risk
profile. If Tesoro's credit quality were to materially decline,
resulting in a CFR of Ba3 or below, this would also pressure
Tesoro Logistics' ratings.

The principal methodology used in this rating was the Global
Midstream Energy 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.

Tesoro Logistics LP is a master limited partnership headquartered
in San Antonio, Texas.


TLFO LLC: Asks Court to Approve Settlement with Pruco Insurance
---------------------------------------------------------------
In January 2013, TLFO, LLC's founder, Hank Asher, passed away
unexpectedly.  Before his death, TLFO purchased key man life
insurance policy on Mr. Asher from Pruco Life Insurance Company
with a total death benefit of $40 million.

Shortly after Mr. Asher's death, TLFO was notified by the
insurance carrier that it was contesting the life insurance policy
and did not intend to fund the death benefit. In response, TLFO
brought an action against the insurance carrier, which is pending
in the United States District Court for the Southern District of
Florida.

Robert C. Furr, Esq., at Furr and Cohen, P.A, in Boca Raton,
Florida, relates that after thorough and extensive negotiations,
the parties have determined to resolve the disputes as set forth
in a confidential settlement agreement.

The parties agree that Pruco will pay to TLFO $3 million within
21 business days of the filing of a joint dismissal, with
prejudice, in the lawsuit.  Pruco and TLFO will exchange releases
and will each pay their respective fees and costs.

Accordingly, TLFO asks the Court to approve the settlement
agreement.

TLFO is represented by:

     Robert C. Furr, Esq.
     FURR AND COHEN, P.A.
     2255 Glades Road, Suite 337W
     Boca Raton, FL 33431
     Tel: (561) 395-0500
     Fax: (561)338-7532
     E-mail: rfurr@furrcohen.com

                    About TLO LLC nka TLFO LLC

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

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

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

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


UNIVERSAL COOPERATIVES: Finds Buyer for Bridon Heritage Units
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Universal Cooperatives Inc. will sell its Bridon
baler twine unit, its Heritage livestock equipment distribution
unit and other assets to BCHU Acquisition LLC for $16 million plus
assumption of specified liabilities, unless a better offer is made
at auction.

According to the report, if U.S. Bankruptcy Judge Mary Walrath
approves, competing bids will be due Aug. 18, with an auction on
Aug. 20 and a hearing to approve sale on Aug. 26.  BCHU's contract
requires completion of the sale by Aug. 31, the report said.

                   About Universal Cooperatives

As an inter-regional farm supply cooperative, Universal
Cooperatives, Inc. consolidates the purchasing power of its
members to procure, and/or manufacture, and distribute high
quality products at competitive prices. Universal has 14 voting
members and over 50 associate members.

Eagan, Minnesota-based Universal Cooperatives and its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 14-
11187) on May 11, 2014.  The debtor-affiliates are Heritage
Trading Company, LLC; Bridon Cordage LLC; Universal Crop
Protection Alliance, LLC; Agrilon International, LLC; and Pavalon,
Inc.  UCI do Brasil, a majority-owned subsidiary located in
Brazil, is not a debtor in the Chapter 11 cases

The cases are assigned to Judge Mary F. Walrath.

Universal estimated $1 million to $10 million in assets and $10
million to $50 million in debt.  Heritage estimated less than $10
million in assets and debt.

The Debtors have tapped Travis G. Buchanan, Esq., Robert S. Brady,
Esq., Andrew L. Magaziner, Esq., and Travis G. Buchanan, Esq., at
Young Conaway Stargatt & Taylor, LLP; and Mark L. Prager, Esq.,
Michael J. Small, Esq., and Emil P. Khatchatourian, Esq., at Foley
& Lardner LLP, as counsel; The Keystone Group, as financial
advisor and Prime Clerk as notice and claims agent.

Bank of America, N.A., as agent for the DIP Lenders, is
represented by Daniel J. McGuire, Edward Kosmowski, Esq., and
Gregory M. Gartland, Esq., at Winston & Strawn, LLP.

The United States Trustee for Region 3 has appointed seven members
to the Official Committee of Unsecured Creditors, which is
represented by Sharon Levine, Esq., Bruce S. Nathan, Esq., and
Timothy R. Wheeler, Esq., at LOWENSTEIN SANDLER LLP, in Roseland,
New Jersey; and Jamie L. Edmonson, Esq., and Daniel A. O'Brien,
Esq., at VENABLE LLP, in Wilmington, Delaware.


UNIVERSAL HEALTH: Standstill Agreement Approved
-----------------------------------------------
The Bankruptcy Court granted the request of Soneet R. Kapila, as
Chapter 11 Trustee for the estate of Universal Health Care Group,
Inc., and American Managed Care, to approve a standstill agreement
and vacate a case management order.

The Court held a hearing on May 29, 2014, to consider the matter.

On May 13, the parties requested that their compliance with the
deadlines in the case management order be suspended and the case
management order vacated to allow American Healthways to first
seek recovery of its administrative expense claim from the state
court receiverships for Universal Health Care, Inc., Universal
Health Care Insurance Company, Inc., Universal HMO of Texas, Inc.
and Universal Health Care of Nevada, Inc.

In the event American Healthways' claim is not paid in full
through the state court receiverships of the subsidiaries, the
parties will so advise the Court and request a hearing to
determine if American Healthways is entitled to an administrative
expense claim for any deficiency.

On Aug. 16, 2013, American Healthways filed its application for
payment of administrative expense, for healthcare benefits and
services rendered to individuals insured by the subsidiaries
pursuant to a support services agreement between American
Healthways and the Debtor, for itself and on behalf of the
subsidiaries.

The parties agreed it is more economical and efficient for
American Healthways to seek recovery of its administrative expense
claim from the Subsidiaries first before the Parties incur any
more expenses in having this Court decide the merits of the
application and the objection as American Healthways has identical
claims against the subsidiaries and there is currently no money in
the Debtor's estate to pay administrative expense claims.
As part of the standstill agreement, American Healthways may
timely file claims in the appropriate receiverships of the
subsidiaries.

                    About Universal Health Care

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing
on Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew
its operations of offering Medicare plans to more than 37,000
members to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in
receivership.  Universal Health Care estimated assets of up to
$100 million and debt of less than $50 million in court filings in
Tampa, Florida.

Harley E. Riedel, Esq., at Stichter Riedel Blain & Prosser, in
Tampa, serves as counsel to the Debtor.

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc. serves as a forensic imaging
consultant to the Chapter 11 trustee.


WOODSIDE HOMES: Fitch Affirms 'B' IDR; Outlook Stable
-----------------------------------------------------
Fitch Ratings has affirmed the ratings of Woodside Homes Company,
LLC, including the company's Issuer Default Rating (IDR) at 'B'.
The Rating Outlook is Stable.

KEY RATING DRIVERS

The ratings and Outlook for Woodside reflect the company's
execution of its business model in the current housing
environment, improving financial and operating results, customer
and price point diversity, adequate liquidity position, and the
cyclically improving industry outlook for 2014 and 2015.  While
the company has an established presence in Arizona, Nevada, Texas
and Utah, the company's operations remain heavily weighted to
California, albeit spread out through a variety of submarkets.

INITIAL PUBLIC OFFERING

On June 25, 2014, Woodside submitted its filing with the SEC to
raise up to $200 million in an initial public offering (IPO).  The
company intends to use the proceeds from the IPO for growth,
including the acquisition and development of land, and for general
corporate purposes.  The company also intends to use a portion of
the net proceeds to make an offer to all of its existing owners to
purchase a portion of the LLC Units held by these owners.

THE INDUSTRY

What began as an untypically moderate housing recovery has
decelerated since late 2013.  But demographics, attractive housing
valuations, and a slow, steady easing in credit standards should
sustain and ultimately accelerate the upturn.  The latest macro
statistics are encouraging.

To reflect the subpar spring selling season, as well as the more
guarded expectation for the next few months, Fitch has tapered its
macro housing forecast.  Single-family starts are now projected to
improve 9.5% to 677,000 (down from Fitch's previous forecast of a
15% improvement) and multifamily volume grows almost 12% to
343,000.  Total starts this year should still slightly exceed 1
million.  New home sales are forecast to advance about 8% to
465,000 (down from Fitch's prior forecast of 500,000), while
existing home sales volume is expected to decline 5% to 4.835
million (down from Fitch's earlier estimate of 5.1 million),
largely due to fewer distressed homes for sale.

Growing strength in the economy, employment and demographics
should positively influence housing next year.  Total housing
starts are projected to expand 16% to 1.185 million as single-
family starts advance 21% and multifamily volume gain 6.7%.  New
home sales should improve more than 20%, while existing home sales
rise 5%.

SOME EROSION IN HOME AFFORDABILITY

The most recent Freddie Mac 30 year average mortgage rate was
4.13%, down 2 bps sequentially from the previous week and about 70
bps higher than the average rate during the month of January 2013,
a recent low point for mortgage rates.  While the current rates
are still well below historical averages, the sharp increase in
rates and considerably higher home prices in 2013/2014 have
moderated affordability.  Fitch projects mortgage rates will
average 35-50 bps higher in 2014 (relative to 2013) as the Fed
continues to taper and the economy strengthens.

New home price inflation should moderate in 2014, at least
partially because of higher interest rates.  Average and median
new home prices should increase about 3.5% in 2014.  However,
Fitch's expectations of a more dynamic economic expansion this
year with stronger job growth will more than offset this lessening
in affordability.  This will be particularly the case for the
move-up and active adult markets.

WEAKNESS IN NET ORDERS

There has been some short-term volatility in certain housing
metrics following the increase in interest rates and higher home
prices during the past year as well as harsh winter weather
conditions in some parts of the country earlier in 2014.

For the public homebuilders in Fitch's coverage, net order gains
substantially slowed or turned negative during the second half of
2013 (2H'13) and into the first quarter 2014 (1Q'14) following
strong gains in 2012 and 1H'13.  On average, net orders for these
builders fell 0.1% during 1Q'14 after declining 2.1% during 4Q13.
Net orders grew 1.5% in 3Q'13, 16.8% during 2Q'13 and 28.2% during
1Q'13.  Fitch expects somewhat better year-over-year (yoy) net
order comparisons during 2H'14.

Woodside's new home orders fell 21.4% during 1Q'14 and 5.3% during
2H'13 following a 14.3% increase during 1H'13.  Cancellation rates
increased 470 bps to 13.9% during 1Q'14 from 9.2% during 1Q'13.
The company's monthly net sales per average active selling
community declined 45.2% to 2.3 home sales during 1Q'14 compared
with 4.2 homes during 1Q'13.  Woodside has underperformed the
public builders' average change in yoy net orders since 2H'12.

While there has been some weakness in housing activity so far in
2014, Fitch expects the housing recovery will continue over the
course of the full year 2014.  As Fitch noted in the past, the
housing recovery will likely occur in fits and starts.

LIQUIDITY

Woodside currently has adequate liquidity, with $39.7 million of
unrestricted cash as of March 31, 2014 and no borrowings under its
$40 million unsecured revolving credit facility.  The company's
revolver has an accordion feature that allows the borrowing
capacity to be increased up to $100 million, subject to obtaining
additional commitments.  The company expects to obtain additional
commitments to increase the facility to $100 million.

Subsequent to the end of the March 2014 quarter, Woodside
completed the issuance of an additional $50 million of its 6.75%
senior unsecured notes due 2021.  This debt issuance, together
with the planned IPO, will further enhance Woodside's liquidity
profile, allowing the company to fund increased land and
development spending.

MANAGEMENT STRATEGY

Woodside emerged from bankruptcy at the end of 2009 with a new
senior management team and successfully recapitalized its balance
sheet during the third quarter of 2012, raising $127.7 million of
debt and $75 million of equity.  During the third quarter of 2013,
the company issued $220 million of senior unsecured notes due 2021
and repaid $127.7 million of 9.75% senior secured notes due 2017.

Following its emergence from bankruptcy, management focused on the
company's core homebuilding operations and transitioned from a
national builder to a western regional homebuilder, with
operations in California, Nevada, Arizona, Utah and Texas.  As
part of this process, the company sold projects and land holdings
in five Eastern Divisions in the states of Florida and Minnesota
and in metropolitan Washington DC.

Woodside has relatively heavy exposure to California, albeit
spread out through a variety of submarkets.  The state of
California represented about 55% of 2013 closings.  Fitch expects
the reliance on California will remain material in the near to
intermediate term as lots in this state still account for about
40% of total lots controlled as of March 31, 2014.

LAND STRATEGY

The company seeks to maintain at least a three-year supply of
owned lots and control an additional one to two years of lots.  As
of March 31, 2014, the company owned 6,156 lots and controlled an
additional 3,478 lots through options and purchase agreements,
representing approximately 4 years of owned lots and 6.3 years of
controlled lots based on latest-twelve-months (LTM) closings.

As is the case with other large homebuilders, the company is
rebuilding and enhancing its land position and trying to
opportunistically acquire land at attractive prices.  Total lots
controlled as of March 31, 2014 increased 40.3% yoy, driven by a
163.5% growth in optioned lots and an 11% rise in owned lots.

Woodside expects to spend roughly $214 million on land acquisition
and an additional $102 million on land development during 2014.
Fitch is relatively comfortable with this strategy given the
company's liquidity position (including the planned IPO).  Fitch
expects management will pull back on spending if the expected
recovery in housing stalls or dissipates.

IMPROVING FINANCIAL RESULTS

The company's financial results and credit metrics improved in
2013 relative to 2012 levels.  Woodside reported a 17.9% increase
in home deliveries during 2013 and homebuilding revenues grew
39.4% compared to 2012.  Fitch-calculated EBITDA margins gained
480 bps to 12.8% during 2013 compared with 2012.  This improving
trend continued during 1Q'14, with homebuilding revenues
increasing 24.8% and EBITDA margins expanding almost 500 bps.

Leverage as measured by debt to Fitch-calculated EBITDA improved
to 3.6x for the LTM period ending March 31, 2014 from 3.9x at the
end of 2013 and 4.8x at the conclusion of 2012.  Fitch expects
leverage will settle around 3.5x at year-end 2014.  Interest
coverage also improved to 3.9x for the LTM period ending March 31,
2014 from 3.2x during 2013 and 1.3x during 2012.  Interest
coverage is forecast to approach 4.5x at the conclusion of 2014.

RATING SENSITIVITIES

Future ratings and Outlooks will be influenced by broad housing
market trends as well as company specific activity, such as trends
in land and development spending, general inventory levels,
speculative inventory activity (including the impact of
cancellation rates on such activity), gross and net new order
activity, debt levels, free cash flow trends and uses, and the
company's cash position.

The Outlook or rating for Woodside could be raised in the next 6-
12 months if the company performs in line with Fitch's
expectations (including leverage consistently below 4.5x and
interest coverage sustaining above 3x), the various housing
metrics are trending towards Fitch's macro forecast and the
company has liquidity (combination of cash and revolver
availability) of at least $75 million.

Negative rating actions could occur if the recovery in housing
dissipates; revenues decline 15% - 20%; EBITDA margins fall below
10% and Woodside maintains an overly aggressive land and
development spending program.  This could lead to consistent and
significant negative quarterly cash flow from operations and
meaningfully diminished liquidity position (below $40 million.

Fitch has affirmed the following ratings for Woodside with a
Stable Outlook:

   -- Long-term IDR 'B';
   -- Senior unsecured notes 'B/RR4'.

The 'RR4' Recovery Rating (RR) on the company's unsecured debt
indicates average recovery prospects for holders of these debt
issues.  The recovery analysis assumes that the company increases
its revolver commitment to $100 million from $40 million.
Additionally, Woodside's exposure to claims made pursuant to
performance bonds and the possibility that part of these
contingent liabilities would have a claim against the company's
assets were considered in determining the recovery for the
unsecured debt holders.  Fitch applied a going concern valuation
analysis for this RR.


YOOSTAR ENTERTAINMENT: Patents, Other Assets to Be Sold Aug. 14
---------------------------------------------------------------
All of the assets of YooStar Entertainment Group Inc. will be sold
at a public sale in compliance with YSEG's security agreement with
its lenders led by Emigrant Capital Corp., as agent.

The sale will be held on Aug. 14, 2014, at the offices of Luskin,
Stern, & Eisler LLP, Eleven Times Square, 16th Floor, New York.

Assets to be sold include patents, trademarks, domains, software,
and related assets necessary for YSEG to conduct its business.
The assets serve as collateral of the lenders, and are being
offered for sale on an "as is" and "where is" basis.

Interested parties may contact:

     Matt Helming
     HILCO STREAMBANK
     Tel: 781-4444-4940
     E-mail: mhelming@hilcoglobal.com


ZHEJIANG TOPOINT: Seeks U.S. Recognition of Chinese Bankruptcy
--------------------------------------------------------------
Zhejiang Topoint Photovoltaic Co., Ltd., through its bankruptcy
administrator, filed a Chapter 15 bankruptcy petition in New
Jersey in the U.S. to seek recognition of its bankruptcy
proceedings in China.

The Debtors' business suffered financial difficulties stemming
form the wake of the 2008 global economic crisis and subsequent
events.  The Chinese solar manufacturing industry boomed following
government stimulus and subsidy for the solar industry.  However,
global demand failed to keep pace with the massive production put
out by Chinese companies.  As a result, many of China's larger
solar firms faced possibility of bankruptcy or consolidation,
including LDK Solar, Yingli Solar, and Suntech Power Holdings.

The industry may now be turning a corner, thanks to increasing
demand starting to "catch up" to the prior glut of overproduction.
Developers installed 37.5 gigawattas of panels worldwide last
year, up from 22 percent from 2012, and that figure may increase
as much as 39 percent this year, according to data compiled by
Bloomberg.

The Chinese proceeding was commenced on Nov. 5, 2013, by applicant
Haining City Rural Credit Cooperatives after Topoint Group failed
to meet obligations on its credit facility.  The Chinese court
ordered the Topoint Group to be placed in to restructuring
proceedings on Dec. 25, 2013.

The bankruptcy administrator is asking the U.S. court to recognize
the Chinese proceeding as "foreign main proceeding."  He is also
asking the U.S. court to enter an order staying execution and any
other acts against the Debtors' property and assets in the U.S.

                      About Zhejiang Topoint

Zhejiang Topoint Photovoltaic Co., Ltd., is engaged in the
development, manufacturing, and marketing of photovoltaic solar
panels in China for sale and export to international markets,
including the United States.  Marketing of the solar panels is
performed by affiliate Zhejiang Jiutai New Energy Co. Ltd.
Manufacturing of the Topoint Group's products is generally
conducted from its facilities located in the Zhejiang Province of
the People's Republic of China.

Topoint is subject to proceedings before the People's Court of
Haining City, Zhejiang Province.  Yueming Zhang is the court-
appointed bankruptcy administrator.

Zhejiang Topoint and its three affiliates filed petitions under
Chapter 15 of the U.S. Bankruptcy Code in Camden, New Jersey
(Bankr. D.N.J. Lead Case No. 14-24549) on July 16, 2014, to seek
U.S. recognition of the proceedings in China.  Topoint estimated
assets of at least US$10 million and debt of less than US$10
million in the Chapter 15 petition.

Counsel in the U.S. cases is Stephen M. Packman, Esq., at Archer &
Greiner, P.C., in Haddonfield, New Jersey.


ZHEJIANG TOPOINT: Seeks Joint Administration in U.S. Court
----------------------------------------------------------
Zhejiang Topoint Photovoltaic Co., Ltd., and its debtor affiliates
ask the U.S. Bankruptcy Court for the District of New Jersey to
issue an order directing (i) that their Chapter 15 cases be
jointly administered for procedural purposes only and (ii)
parties-in-interest to use a consolidated caption to indicate that
any pleading filed relates to the jointly administered Chapter 15
cases.  The Debtors also ask that the caption of the Chapter 15
cases be modified to reflect their joint administration, with Case
No. 14-24549-GMB as the lead case.

                      About Zhejiang Topoint

Zhejiang Topoint Photovoltaic Co., Ltd., is engaged in the
development, manufacturing, and marketing of photovoltaic solar
panels in China for sale and export to international markets,
including the United States.  Marketing of the solar panels is
performed by affiliate Zhejiang Jiutai New Energy Co. Ltd.
Manufacturing of the Topoint Group's products is generally
conducted from its facilities located in the Zhejiang Province of
the People's Republic of China.

Topoint is subject to proceedings before the People's Court of
Haining City, Zhejiang Province.  Yueming Zhang is the court-
appointed bankruptcy administrator.

Zhejiang Topoint and its three affiliates filed petitions under
Chapter 15 of the U.S. Bankruptcy Code in Camden, New Jersey
(Bankr. D.N.J. Lead Case No. 14-24549) on July 16, 2014, to seek
U.S. recognition of the proceedings in China.  Topoint estimated
assets of at least US$10 million and debt of less than US$10
million in the Chapter 15 petition.

Counsel in the U.S. cases is Stephen M. Packman, Esq., at Archer &
Greiner, P.C., in Haddonfield, New Jersey.


* Appellate Panel Allows Lien Stripping in Chapter 20
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the U.S. Bankruptcy Appellate Panel in Cincinnati
joined what it called a "growing consensus of courts" by allowing
an individual in a so-called Chapter 20 bankruptcy who's not
eligible for a discharge in Chapter 13 nonetheless to strip off a
wholly unsecured subordinate mortgage.

According to the report, on appeal, the three-judge appellate
panel reversed in an opinion by U.S. Bankruptcy Judge Marian F.
Harrison.  Judge Harrison noted that two federal circuit courts of
appeal and one other appellate panel allow so-called lien
stripping of an inferior mortgage in a subsequent Chapter 13 case
where the property is worth less than first-mortgage debt.

The case is In re Cain, U.S. Sixth Circuit Bankruptcy Appellate
Panel (Cincinnati).


* Atty, Ignored by Plaintiff, Wants Out of Malpractice Suit
-----------------------------------------------------------
Law360 reported that a bankrupt attorney named in a malpractice
suit against Antonelli Terry Stout & Kraus LLP, accused of
botching a patent application for online ad inventions, asked a
New York federal court to be entirely dismissed from the case
because the plaintiff hadn't pursued claims with him.  According
to the report, the claims against Dale Hogue had been stayed
because of an enforceable arbitration clause, and Hogue says
plaintiff Protostorm LLC has not pursued arbitration.  Hogue also
asked U.S. Federal Judge Pamela K. Chen for dismissal because he
is not involved in the upcoming trial and has declared Chapter 13
bankruptcy without any proof of claim filed by Protostorm, the
report related.

The case is Protostorm, LLC et al v. Antonelli, Terry, Stout &
Kraus, LLP et al., Case No. 1:08-cv-00931 (N.Y.E.D.).


* Case Against Chase for Flawed Credit Reporting Heads for Trial
----------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
in a decision that could roil the thriving market for bad consumer
debts, a New York bankruptcy judge said a purported class-action
lawsuit against an arm of J.P. Morgan Chase & Co. can move
forward.  According to the report, Judge Robert D. Drain of the
U.S. Bankruptcy Court in New York refused to dismiss a suit
alleging J.P. Morgan boosted the value of its soured credit-card
receivables by refusing to erase debts that were discharged in
bankruptcy.

The suit started out in the Chapter 7 bankruptcy of Rusty Haynes,
a husband and father, who had held the same job more than 20 years
and also worked a seasonal job to try to stay on top of his bills,
the report related.  Having struggled with J.P. Morgan's credit-
card unit, Mr. Haynes sued for himself and other consumers,
alleging the unit allows black marks to stain a consumer's credit
report even after debts are legally written off in bankruptcy, the
report further related.


* Dismissal of Chapter 13 Revests Unscheduled Lawsuit
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that failing to list a lawsuit as an asset isn't fatal if
the bankruptcy is dismissed, U.S. Circuit Judge Amalya Kearse of
the U.S. Court of Appeals in Manhattan ruled in a July 11 opinion.

Judge Kearse set aside dismissal of a Truth in Lending Act lawsuit
in the course of ruling that the former bankrupt regained
ownership of the claim underlying the lawsuit when her bankruptcy
was dismissed.  The lawsuit was filed by a woman who filed a
Chapter 13 petition before filing the lawsuit.

The case is Crawford v. Franklin Credit Management Corp., 13-2514,
U.S. Court of Appeals for the Second Circuit (Manhattan).


* Lawyer Called 'Sociopath' Seeks Judge's Full Recusal
------------------------------------------------------
Law360 reported that a Pennsylvania attorney facing discipline
over allegations he overcharged bankruptcy retainer fees has
appealed the refusal of a federal judge, who defended calling the
lawyer a "sociopath," to recuse himself from hundreds of cases
involving the lawyer.  According to the report, in the appeal
docketed in federal district court last week, Jason Mazzei takes
aim at U.S. Bankruptcy Court Judge Thomas Agresti's decision to
remove himself only from filing a recommendation on the attorney's
actions.

As previously reported by The Troubled Company Reporter, citing
Bill Rochelle, the bankruptcy columnist for Bloomberg News, in
April, Chief Bankruptcy Judge Jeffery A. Deller in Pittsburgh
called for a districtwide investigation into the conduct of
bankruptcy lawyer Jason J. Mazzei, who he said has been the
subject of client complaints.  Mazzei quickly sought to have Judge
Agresti removed from the investigation, alleging that the judge
was biased against him, citing an instance in May 2013 when Judge
Agresti called him a "sociopath."

The case is In re Matters Involving the Professional Conduct of
Jason J. Mazzei, 14-205, U.S. Bankruptcy Court, Western District
Pennsylvania (Pittsburgh).


* Argentina Debt-Dispute Mediator Postpones Meeting
---------------------------------------------------
Ken Parks, writing for The Wall Street Journal, reported that a
court-appointed mediator has postponed a meeting between Argentina
and a small group of creditors in a high-profile dispute over
unpaid debt that could end in a default as soon as next week.

According to the report, U.S. federal judge Thomas Griesa has
ordered Argentina and hedge funds to meet "continuously" with the
mediator in a bid to reach a deal ahead of a July 30 deadline on
Argentine bond payments.  The meeting has been rescheduled after
the Argentine government said its representatives needed more time
to get to New York City, Daniel Pollack, the attorney that Judge
Griesa named to oversee negotiations, said in an email to the
Journal.


* Laurie Joins Sitrick as Global Restructuring Practice Head
------------------------------------------------------------
Sitrick and Company, the nation's premier strategic communications
firm, on July 16 disclosed that Anita-Marie Laurie has been
appointed as head of the firm's Global Restructuring Practice.

Tom Becker, head of Sitrick's New York office since 2012 and a
member of the firm's management committee, will lead the
restructuring practice in New York.  Additionally, Danielle Newman
has been appointed Deputy Head of Sitrick's restructuring
practice.  Ms. Laurie, Mr. Becker and Ms. Newman will continue to
practice within the strategic communications group of the firm.

Ms. Laurie, who has led or been part of the communications
leadership team of approximately 200 in- and out-of-court
restructurings during her 18 years with the firm, previously
served as head of the firm's West Coast Restructuring Practice.
Mr. Becker, who has been part of the communications leadership
team in approximately 50 in- and out-of-court restructurings since
joining the firm in 2006, previously covered corporate bankruptcy
and restructuring as a reporter for Bloomberg News and Dow Jones.

The appointments are part of the firm's reorganization of its
restructuring practice to better address the needs of clients in
the current economy, including those in the middle market, with
cost-effective, strategic communications plans.

"The restructuring industry and entities it serves have changed
dramatically over the past several years," said Michael S.
Sitrick, Chairman and Chief Executive Officer of Sitrick And
Company.  "Professionals who serve clients within that industry
must change as well.  The new program we will be unveiling
reflects this reality and allows us to provide strategic
communications services from small or mid-sized entities to the
mega-sized matters.  Clients can, if they choose, receive
certainty of cost for the core elements of a communications
program and then have the added benefit of additional services of
the firm, including our unrivaled media expertise and
relationships," Mr. Sitrick said.

"Anita-Marie, Tom, and Dani have consistently delivered for
clients in nearly every industry one can think of, from the multi-
billion dollar companies to smaller privately-held entities.
We are all very excited about their enhanced roles."

Since joining Sitrick And Company in 1996, Ms. Laurie has been the
lead or co-lead executive for some of the largest bankruptcy cases
in the country, including Hostess, Delphi and U.S. Airways.  Prior
to joining Sitrick And Company, Ms. Laurie worked for the City of
Santa Barbara and McDonald's Corporation, where she held various
positions in the area of economic development and real estate
investment.  Ms. Laurie holds an undergraduate degree in
Humanities from Pepperdine University, where she also attended
post graduate classes.

Mr. Becker has counseled clients through a variety of situations
including litigation, Chapter 11 restructurings, transactions,
reputation management, and civil and criminal investigations
during his eight-year tenure with the firm.  He holds a Masters
Degree from the Columbia University Graduate School of Journalism
and B.A. in Journalism from Marist College, Poughkeepsie, New
York.

Ms. Newman joined Sitrick and Company in 2007 and has since worked
with both public and private companies across a variety of sectors
and matters to create and implement comprehensive communications
plans to support business and legal strategies.  Some of the
notable restructuring assignments she has provided communications
counsel on include Reader's Digest, Hostess, and LyondellBasell.
She has a B.A. in Psychology and a minor in Public Relations from
Boston University.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In re Jeffrey Hartman
   Bankr. D. Ariz. Case No. 14-10924
      Chapter 11 Petition filed July 16, 2014

In re American Stone Fabricators, Inc.
   Bankr. S.D. Ind. Case No. 14-80677
     Chapter 11 Petition filed July 16, 2014
         See
         represented by: K.C. Cohen, Esq.
                         K.C. COHEN, LAWYER, P.C.
                         E-mail: kc@esoft-legal.com

In re Ignacio Uribe
   Bankr. D. Nev. Case No. 14-14858
      Chapter 11 Petition filed July 16, 2014

In re Mr. U's Lounge, LLC
   Bankr. D.N.J. Case No. 14-24518
     Chapter 11 Petition filed July 16, 2014
         See
         represented by: David A. Kasen, Esq.
                         KASEN & KASEN
                         E-mail: dkasen@kasenlaw.com

In re IM Pet Store, Inc.
   Bankr. D.P.R. Case No. 14-05819
     Chapter 11 Petition filed July 16, 2014
         represented by: Modesto Bigas Mendez, Esq.
                         BIGAS & BIGAS
                         E-mail: modestobigas@yahoo.com

In re Enrichment Services, Inc.
        ta Winchester Academy
   Bankr. W.D. Va. Case No. 14-50783
     Chapter 11 Petition filed July 16, 2014
         represented by: Andrew S. Goldstein, Esq.
                         MAGEE GOLDSTEIN LASKY & SAYERS, P.C.
                         E-mail: agoldstein@mglspc.com

In re Joseph R. Tedesco
   Bankr. E.D. Cal. Case No. 14-91023
      Chapter 11 Petition filed July 17, 2014

In re Edmund Craig Scarborough and Yvonne Kay Scarborough
   Bankr. M.D. Fla. Case No. 14-08222
      Chapter 11 Petition filed July 17, 2014

In re Fishers Conference Center, LLC
   Bankr. S.D. Ind. Case No. 14-06677
     Chapter 11 Petition filed July 17, 2014
         See http://bankrupt.com/misc/insb14-06677.pdf
         represented by: Thomas Jay Curts, Esq.
                         COOTS, HENKE & WHEELER, P.C.
                         E-mail: jcurts@chwlaw.com

In re Yosi Shemtov
   Bankr. E.D.N.Y. Case No. 14-43649
      Chapter 11 Petition filed July 17, 2014

In re Sanaz Sarbasi
   Bankr. C.D. Cal. Case No. 14-14451
      Chapter 11 Petition filed July 18, 2014

In re Kearny F. Galang
   Bankr. D. Conn. Case No. 14-51125
      Chapter 11 Petition filed July 18, 2014

In re Ian Edward Walker
   Bankr. M.D. Fla. Case No. 14-08212
      Chapter 11 Petition filed July 18, 2014

In re Troy Harley Hugh Nielsen and Dianna Kathleen Nielsen
   Bankr. D. Hawaii Case No. 14-00974
      Chapter 11 Petition filed July 18, 2014

In re Grimm Home Services LLC
   Bankr. C.D. Ill. Case No. 14-81287
     Chapter 11 Petition filed July 18, 2014
         See http://bankrupt.com/misc/ilcb14-81287.pdf
         represented by: Sumner Bourne, Esq.
                         RAFOOL, BOURNE & SHELBY, P.C.
                         E-mail: sbnotice@mtco.com

In re Wilderness Lake Campground, LLC
   Bankr. S.D. Ill. Case No. 14-60277
     Chapter 11 Petition filed July 18, 2014
         See http://bankrupt.com/misc/ilsb14-60277.pdf
         represented by: Teresa I. Pisula, Esq.
                         LAW OFFICE OF TERESA I. PISULA
                         E-mail: deborah@tiplawil.com

In re Daisy Santana
   Bankr. N.D. Ill. Case No. 14-26471
      Chapter 11 Petition filed July 18, 2014

In re R. David Sanders
   Bankr. S.D. Miss. Case No. 14-02271
      Chapter 11 Petition filed July 18, 2014

In re Carol Ann Angelos
   Bankr. E.D.N.C. Case No. 14-04128
      Chapter 11 Petition filed July 18, 2014

In re Dana L Blumensaadt
   Bankr. N.D. Ohio Case No. 14-32633
      Chapter 11 Petition filed July 18, 2014

In re David A. Novoselsky
   Bankr. W.D. Wis. Case No. 14-29136
      Chapter 11 Petition filed July 18, 2014

In re Caguas Real Utility, Corp.
   Bankr. D.P.R. Case No. 14-05946
     Chapter 11 Petition filed July 20, 2014
         See http://bankrupt.com/misc/prb14-05946.pdf
         represented by: Hector Eduardo Pedrosa Luna, Esq.
                         THE LAW OFFICES OR HECTOR
                         EDUARDO PEDROSA LUNA
                         E-mail: hectorpedrosa@gmail.com
In re Kanwal Jit Suri
   Bankr. M.D. Fla. Case No. 14-03511
      Chapter 11 Petition filed July 21, 2014

In re Kenneth L. Wiley, Sr.
   Bankr. E.D. La. Case No. 14-11869
      Chapter 11 Petition filed July 21, 2014

In re Sharp Investments, LLC
   Bankr. E.D. Mich. Case No. 14-51943
     Chapter 11 Petition filed July 21, 2014
         See http://bankrupt.com/misc/mieb14-51943.pdf
         represented by: Robert N. Bassel, Esq.
                         E-mail: bbassel@gmail.com

In re Hugh F. Hall
   Bankr. D.N.J. Case No. 14-24864
      Chapter 11 Petition filed July 21, 2014

In re Toporek Family, LP
   Bankr. E.D.N.Y. Case No. 14-73321
     Chapter 11 Petition filed July 21, 2014
         Filed Pro Se

In re Mental Properties, LLC
   Bankr. E.D.N.C. Case No. 14-04197
     Chapter 11 Petition filed July 21, 2014
         See http://bankrupt.com/misc/nceb14-04197.pdf
         represented by: Trawick H Stubbs, Jr., Esq.
                         STUBBS & PERDUE, P.A.
                         E-mail: efile@stubbsperdue.com

In re Deirdre Seeds
   Bankr. E.D. Tex. Case No. 14-41547
      Chapter 11 Petition filed July 21, 2014



                             *********

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

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

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

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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