TCR_Public/140807.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, August 7, 2014, Vol. 18, No. 218

                             Headlines

2000 N LAKE: Voluntary Chapter 11 Case Summary
ALION SCIENCE: Extends Maturity of Wells Fargo Credit Facility
AMERICAN AIRLINES: Returns Some Cash to Investors
AMERICAN EAGLE: S&P Assigns 'CCC+' CCR; Outlook Developing
ARIZONA LA CHOLLA: Files Schedules of Assets and Liabilities

AT EMERALD: Continued Hrg. on Case Conversion Bid Set for Sept. 10
AURORA DIAGNOSTICS: Inks $220MM Credit Facility with Cerberus
AURORA DIAGNOSTICS: S&P Raises CCR to 'CCC+'; Outlook Stable
BERNARD L. MADOFF: Five Execs Face Sentencing
BUCCANEER ENERGY: OZ Court Issues "Foreign Main Proceeding" Order

BUCCANEER ENERGY: Can Use Cash Collateral Until Aug. 12
BUCCANEER ENERGY: Creditors Oppose Proposed Bidding Protocol
CHINA TELETECH: Albert Wong Replaced WWC P.C. as Accountant
COLUSA MUSHROOM: 9th Cir. Affirms Dismissal of Malpractice Suit
COTTONWOOD ESTATES: Wins Confirmation of Reorganization Plan

CTI BIOPHARMA: Incurs $27.4 Million Net Loss in Second Quarter
DETROIT, MI: Ambac Finalizes Bond Settlement Ahead Of Plan Trial
EAGLE BULK: Files for Chapter 11 with Prepackaged Plan
EAGLE BULK: Case Summary & 3 Unsecured Creditors
EL POLLO LOCO: S&P Assigns 'B' CCR Following IPO

EMORAL INC: Diacetyl Plaintiffs Ask High Court To Review Ruling
FIDDLER'S CREEK: Suit v. Naples Lending May Be Remanded
FONTAINEBLEAU LAS VEGAS: Settlement Faces More Objections
FREE-LANCE STAR: Key Stakeholders Reach Global Settlement
GACN INC: Case Summary & 20 Largest Unsecured Creditors

GANNETT CO: S&P Affirms 'BB+' CCR on Spin-Off of Publishing Assets
GREEKTOWN CASINO: 6th Cir. Affirms Dismissal of Guaranty Suit
HAAS ENVIRONMENTAL: Advanced Truck Services Demands Claim Payment
HUMBOLDT HILL: Case Summary & 10 Largest Unsecured Creditors
INNOVATIVE COMMUNICATION: "Tutein" Appeal Dismissed

IMH FINANCIAL: SRE Monarch Holds 26.8% Equity Stake
INTERNATIONAL MANUFACTURING: U.S. Trustee Appoints Creditors Panel
INTERNATIONAL MANUFACTURING: Amends Schedules of Assets & Debts
LIME ENERGY: Chairman Agrees to Issue Letters of Credit
LINCOLN PARK: S&P Puts 'BB' Bond Rating on CreditWatch Negative

LINDA ROSSALI LLC: Case Summary & 14 Largest Unsecured Creditors
LINGENWOOD NORTHWEST: Case Summary & 4 Top Unsecured Creditors
LOVE CULTURE: Creditors' Committee Opposes Loan Final Approval
LOVE CULTURE: Sues Founder for Selling Website
MEE APPAREL: Liquidation Plan Confirmed

METRO AFFILIATES: Plan Now Effective; Has Accord With Wayzata
METRO AFFILIATES: Aug. 29 Supplemental Admin Claims Bar Date Set
MIG LLC: U.S. Trustee Appoints 3-Member Creditors Panel
MIG LLC: Gets Interim Court OK to Tap Natalia Alexeeva as CRO
MOMENTIVE PERFORMANCE: Litigation Complicated by Doc Dispute

MONTICELLO MOTEL: Case Summary & 5 Unsecured Creditors
MOSS FAMILY: Owners Group Balks at LaPorte Bank Accord
MT GOX: U.S. Court Blocks Bitcoin Domain Name Auction
MT. GOX: Trustee Will Consider Returning Bitcoin Unconverted
MUSCLEPHARM CORP: Posts $400,000 Net Income in Second Quarter

NORTHLAND RESOURCES: Units' Creditors Support Reorganization Plan
NEW YORK SKYLINE: ESB's Bid to Restore Injunction Denied
NEWLEAD HOLDINGS: Had $10.7MM Outstanding Common Shares at Aug. 1
NUBISIO INCORPORATED: Case Summary & 11 Top Unsecured Creditors
NUVILEX INC: Incurs $27.2 Million Net Loss in Fiscal 2014

OLDE PROVINCE: Case Summary & 7 Unsecured Creditors
OMNICOMM SYSTEMS: Stockholders Elected Five Directors
OVERLAND STORAGE: Settles Patent Suit Against BDT Media
OVERSEAS SHIPHOLDING: Completes Restructuring, Exits Chapter 11
PERRY ELLIS: Said To Be Prepping For A Sale

PHILADELPHIA ENTERTAINMENT: Confirms Chapter 11 Liquidating Plan
PITTSBURGH CORNING: To Pay Tennessee Gas Pipeline Claim in Full
PLYMOUTH OIL: Court Orders Chapter 7 Liquidation
PRECISION FINISHING: AP Unit Takes Part in Debt & Equity Purchase
PREMIER PAVING: Defaulted Under GE Capital Settlement

PRESTIGE NISSAN: Voluntary Chapter 11 Case Summary
PSL-NORTH AMERICA: Gets Bankruptcy Financing Final Approval
ROXWELL PERFORMANCE: Tiger Group to Auction Assets on Aug. 13
REALOGY HOLDINGS: Posts $69 Million Net Income in Second Quarter
REVEL AC: Can Pay Bonuses to Key Managers If Sale Achieved

RIVER CITY RENAISSANCE: Section 341(a) Meeting Set on Sept. 18
SALEM COMMUNICATIONS: S&P Revises Outlook on 'B' Rating to Pos.
SIERRA-SARATOGA: Case Summary & 4 Largest Unsecured Creditors
SUN BANCORP: Incurs $24.2 Million Net Loss in Second Quarter
SOLAR POWER: Signs $25 Million Shares Purchase Agreement

STEREOTAXIS INC: Incurs $1.9 Million Net Loss in Second Quarter
TACTICAL INTERMEDIATE: Files Schedules of Assets and Liabilities
TELEXFREE LLC: Federal Grand Jury Indicts Owners
TENET HEALTHCARE: Reports $26 Million Net Loss in Second Quarter
TLC HEALTH: Lake Shore Hospital Receives More Time to Find Buyer

THERAPEUTICSMD INC: Obtains $42.8 Million From Stock Offering
THORNBURG MORTGAGE: Suit Against Barclays Goes to Trial
TONGJI HEALTHCARE: Incurs $19,000 Net Loss in Second Quarter
TRAVELPORT HOLDINGS: Posts $16 Million Net Income in Q2
USEC INC: Funding Under ACTDO Agreement Increased by $5.7MM

USEC INC: Plan Supplement, Rule 2015 Report Filed
WAFERGEN BIO-SYSTEMS: Amends 2,000 Class A Units Prospectus
WALTER J. KNEZEVICH: Case Summary & 20 Top Unsecured Creditors
XL GROUP: Cayman Unit's Preference Shares Rating Raised From BB+

* 2nd Circ. Nixes Berger & Associates' Fee Clawback Bid
* Former La. Atty Gets 5 Years for Lying in Bankruptcy Court
* Tech Co. Wants Ex-Antonelli Lawyer Around For Patent Trial

* Bank of America Nears $17 Billion Settlement Over Mortgages
* Feds Sue Law Firms in Foreclosure Relief Scams

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


2000 N LAKE: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: 2000 N Lake Corp. Inc.
        2000 Lake Avenue
        Altadena, CA 91001

Case No.: 14-24982

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Central District Of California (Los Angeles)

Debtor's Counsel: Julias Stewart, Esq.
                  STEWART-REED LAW GROUP INC.
                  22130 Clarendon St
                  Woodland Hills, CA 91367
                  Tel: 818-264-4888
                  Fax: 949-284-4013
                  Email: bankruptcy@stewart-legal.com
                         jstewart@stewartreedlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Ruzana Badeer, chief executive officer.

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


ALION SCIENCE: Extends Maturity of Wells Fargo Credit Facility
--------------------------------------------------------------
Alion Science and Technology Corporation entered into a First
Amendment to Second Amended and Restated Credit Agreement to
extend the Maturity Date of the Second Amended and Restated Credit
Agreement dated as of May 2, 2014, by and among Alion, Wells Fargo
Bank National Association, as administrative agent, and the
lenders.  The Amendment extends the Maturity Date of the Credit
Agreement to the earlier of (a) Aug. 15, 2014, (b) the date on
which Alion's secured notes due November 2014 become due and
payable in full whether by acceleration or otherwise, and (c) the
date on which Alion's unsecured notes due February 2015 become due
and payable in full whether by acceleration or otherwise.

A copy of the Amendment is available for free at:

                        http://is.gd/wzqeHP

The Company has filed a registration statement on Form S-1 with
the Securities and Exchange Commission relating to an offer to
exchange its existing unsecured notes due February 2015 for new
securities, but it has not yet been declared effective by the SEC.

                        About Alion Science

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

Alion Science has been reporting losses for four consecutive years
from Sept. 30, 2010, to Sept. 30, 2013.  In 2013, Alion Science
incurred a net loss of $36.59 million.

Deloitte & Touche LLP, in McLean, Virginia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Sept. 30, 2013.  The independent auditors noted
that the Company does not expect to be able to repay its existing
debt at their scheduled maturities.  The Company's financing
needs, its recurring net losses, and its excess of liabilities
over assets raise substantial doubt about its ability to continue
as a going concern, the auditors stated.

                           *     *     *

As reported by the TCR on March 10, 2014, Standard & Poor's
Ratings Services said it lowered its corporate credit rating on
McLean, Va.-based Alion Science and Technology Corp. to 'CC' from
'CCC+'.  "The ratings downgrade reflects a capital structure that
matures within 12 months, a currently 'weak' liquidity assessment,
which we revised from 'less than adequate', and our expectation
that we would classify an exchange offer or similar restructuring
undertaken by Alion as distressed," said Standard & Poor's credit
analyst Martha Toll-Reed.

In the May 23, 2014, edition of the TCR, Moody's Investors Service
affirmed, among other things, Alion Science & Technology
Corporation's ratings including the Caa2 Corporate Family Rating.
The affirmation of Alion's Caa2 corporate family rating reflects
the company's continued high leverage and weak interest coverage
metrics that are not anticipated to improve meaningfully in the
near-term, Moody's said.


AMERICAN AIRLINES: Returns Some Cash to Investors
-------------------------------------------------
Mary Schlangenstein and Michael Sasso, writing for Bloomberg News,
reported that American Airlines Group Inc. will pay its first
dividend since 1980 and repurchase $1 billion in stock, matching a
buyback by United Airlines' parent as the once-struggling industry
returns more cash to investors.  According to the report, the 10-
cents-a-share quarterly payout at American came as the 2013 merger
with US Airways delivers financial benefits faster than the
company expected.

                     About American Airlines

AMR Corp. and its subsidiaries including American Airlines filed
for bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-15463)
in Manhattan on Nov. 29, 2011, after failing to secure cost-
cutting labor agreements.  AMR, previously the world's largest
airline prior to mergers by other airlines, is the last of the so-
called U.S. legacy airlines to seek court protection from
creditors.  It was the third largest airline in the United States
at the time of the bankruptcy filing.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.

The bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.

In November 2013, AMR and the U.S. Justice Department a settlement
of the anti-trust suit.  The settlements require the airlines to
shed 104 slots at Reagan National Airport in Washington and 34 at
LaGuardia Airport in New York.

AMR stepped out of Chapter 11 protection after its $17 billion
merger with US Airways was formally completed on Dec. 9, 2013.


AMERICAN EAGLE: S&P Assigns 'CCC+' CCR; Outlook Developing
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'CCC+' corporate
credit rating to Denver-based American Eagle Energy Corp.  The
outlook is developing.

At the same time, S&P assigned its 'CCC' issue rating to American
Eagle's proposed $175 million senior secured notes due 2019.  S&P
also assigned a '5' recovery rating to the notes, indicating its
expectation of modest (10% to 30%) recovery in the event of a
payment default.

S&P expects American Eagle to primarily use net proceeds from the
debt offering to refinance its existing debt and for general
corporate purposes, including working capital and future capital
spending.

"The ratings on American Eagle reflect our view of the company's
participation in the volatile and capital-intensive oil and gas
E&P industry, and its small and geographically concentrated asset
base in Divide County, N.D.," said Standard & Poor's credit
analyst Christine Besset.  "The ratings also reflect our view of
American Eagle's aggressive growth strategy, which entails high
capital spending plans, significant debt leverage, and the
company's dependence on favorable business, financial, and
economic conditions to maintain sufficient liquidity and meet its
financial commitments," said Ms. Besset.

"We view American Eagle's business risk profile as "vulnerable,"
given its very small and concentrated asset base.  We view
American Eagle's financial risk as "highly leveraged," reflecting
our expectation that the company will substantially outspend cash
flows and that volatility in credit measures could be very high
due to the vulnerability of the company's business profile and
limited commodity hedges.  We consider American Eagle's liquidity
to be "adequate" based on our expectation that liquidity sources
will exceed uses by more than 1.2x if the company is able to
successfully fund its $175 million notes," S&P said.

The outlook is developing, reflecting S&P's view that it could
either raise or lower the rating over the next 12 months depending
on the company's success in refinancing its debt, securing
additional liquidity to fund future capital expenditures, and
increasing oil and gas production and reserves.

S&P would lower the rating if the company were unable to secure
additional liquidity sources to fund its aggressive capital
spending plans, or sustain satisfactory operating performance.

S&P would consider a positive rating action if the company were
able to refinance successfully and grow its oil and gas reserves
and production while sustaining adequate liquidity.


ARIZONA LA CHOLLA: Files Schedules of Assets and Liabilities
------------------------------------------------------------
Arizona La Cholla, L.L.C., filed with the U.S. Bankruptcy Court
for the District of Arizona its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $2,475,000
  B. Personal Property            $6,733,387
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $2,059,504
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,309,084
                                 -----------      -----------
        TOTAL                    $9,208,387        $3,368,589

Arizona La Cholla, L.L.C., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 14-10254) on July 2, 2014.  Steven L.
Nannini signed the petition as manager.  The Debtor estimated
assets and liabilities of at least $10 million.  Altfeld &
Battaile P.C. serves as the Debtor's counsel.


AT EMERALD: Continued Hrg. on Case Conversion Bid Set for Sept. 10
------------------------------------------------------------------
A continued hearing on the U.S. Trustee's motion to convert the
Chapter 11 case of AT Emerald LLC into a Chapter 7 proceeding is
set to be heard on Sept. 10, 2014 at 02:00 PM.

As reported in the Troubled Company Reporter on June 25, 2014,
U.S. Trustee Tracy Hope Davis requested that the Bankruptcy
Court convert AT Emerald, LLC's Chapter 11 case to a Chapter 7
liquidation.  The Trustee asserts that the Debtor does not
maintain insurance coverage on its primary asset, an emerald which
has been appraised at $200 million, contrary to Section
1112(b)(4)(C) of the Bankruptcy Code.  The Trustee, therefore,
seeks to convert the case to a Chapter 7 case for the protection
of the bankruptcy estate.

The request was filed by Nicholas Strozza, Esq. and William B.
Cossitt, Esq., Assistant U.S. Trustees, of Reno, NV.

                         About AT Emerald

AT Emerald LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Nev. Case No. 14-50331) on March 4, 2014, in Reno, Nevada.  The
Washoe, Nevada-based company disclosed $200 million in assets and
less than $541,000 in liabilities.  The company has no real
property.  Its lone major asset is one emerald valued at $200
million, which is categorized under furs and jewelry.

Bankruptcy Judge Bruce T. Beesley is assigned to the case.

Holly E. Estes, Esq., at the Law Offices of Alan R. Smith of Reno,
NV represents the Debtor.

Anthony Thomas, the managing member, owns 100% of the company's
stock.


AURORA DIAGNOSTICS: Inks $220MM Credit Facility with Cerberus
-------------------------------------------------------------
Aurora Diagnostics has entered into a new five-year credit
facility with Cerberus Business Finance, LLC, effective July 31,
2014.  The new agreement includes a $165,000,000 term loan and a
$30,000,000 revolving credit line, as well as a $25,000,000
delayed draw term loan facility.

Interest on all loans under the Senior Secured Credit Facilities
is payable either quarterly or at the expiration of any LIBOR
interest period applicable thereto.  Borrowings under the
financing agreement accrue interest at a per annum rate equal to,
at the Borrower's option, a base rate plus 6.00% or a LIBOR rate
plus 7.00%.  The loans are also subject to a 1.25% interest rate
floor for LIBOR loans and a 2.25% interest rate floor for base
rate loans.

Approximately $145,600,000 of the proceeds under the new credit
facility were used to pre-pay all amounts outstanding under
Aurora's existing secured credit facility term loan and revolver.
The balance of the proceeds under the new credit facility,
including the availability under the revolving line of credit,
will be used for potential future acquisitions and for Aurora's
general working capital and operational needs.

"Aurora is well positioned by its size and national footprint to
be a consolidator of anatomic pathology providers, and this new
credit agreement with Cerberus positions us to do just that," said
Aurora chief executive officer Daniel D. Crowley.  "We have
recently completed acquisitions of two groups and have an
attractive pipeline of others who have expressed interest in
becoming part of the Aurora family.  It is nice to have a
financial partner like Cerberus, who worked with us to construct
the credit facility to support our acquisition strategy.  Our
prior revolver was scheduled to mature next May and the entire
credit facility in May of 2016.  This opportunistic transaction
extends our financing horizon and provides greater cash access to
execute our acquisition strategy.  Furthermore, the financial
covenants under the new credit facility are better aligned with
our business strategy."

Mr. Crowley continued: "When we embarked on this refinancing
process, it was because Aurora's ownership group at Summit
Partners and KRG Capital Partners wanted to give Aurora every
opportunity to succeed as a consolidator in an environment of
challenging Medicare rate cuts.  That same ownership group remains
steadfast in its support of Aurora."

Evercore and Sidley Austin LLP served as financial and legal
advisors, respectively, to Aurora Diagnostics.

For further information, please see the Form 8-K filed by the
Company with the Securities and Exchange Commission, a copy of
which is available for free at http://is.gd/a0ym1c

                     About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers. The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013. The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $73.01 million on
$248.16 million of net revenue for the year ended Dec. 31, 2013,
as compared with a net loss of $160.85 million on $277.88 million
of net revenue for the year ended Dec. 31, 2012.

The Company's balance sheet at March 31, 2014, showed $330.84
million in total assets, $389.78 million in total liabilities and
$58.93 million members' deficit.

                             *   *   *

As reported by the Troubled Company Reporter on Sept. 27, 2013,
Moody's Investors Service downgraded Aurora's Corporate Family
Rating to Caa2 from B3 and Probability of Default Rating to Caa2-
PD from B3-PD. Moody's also lowered the debt ratings of Aurora
Diagnostics Holdings, LLC's and Aurora Diagnostics, LLC
(collectively Aurora). Concurrently, Moody's downgraded Aurora's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3. The
outlook for the ratings remains negative.

The downgrade of the ratings reflects Moody's expectation that the
company will see continued difficulty in mitigating a significant
decline in revenue and EBITDA. This stems from a reduction in
Medicare reimbursement due to a decrease in rates and
sequestration, continued challenging volume growth trends and
threats of additional reimbursement reductions. This will
negatively impact the company's credit metrics, constrain Aurora's
ability to repay debt and pressure the company's liquidity
position. Moody's also has concerns about the sustainability of
the company's capital structure given its significant debt load
and related interest burden.

In the July 1, 2014, edition of the TCR, Standard & Poor's Ratings
Services lowered its corporate credit rating on Palm Beach
Gardens, Fla.-based Aurora Diagnostics Holdings LLC to 'CCC' from
'CCC+.

"We expect Aurora to be unable to refinance its revolving credit
due in May 2015 and we do not expect the company to generate
sufficient cash flow to enable repayment of the outstanding
amount," said Standard & Poor's credit analyst Gail Hessol.


AURORA DIAGNOSTICS: S&P Raises CCR to 'CCC+'; Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Palm Beach Gardens, Fla.-based anatomic pathology
services provider Aurora Diagnostics Holdings LLC to 'CCC+' from
'CCC'.  The outlook is stable.

At the same time, S&P assigned its 'B-' issue-level rating and '2'
recovery rating to the company's new $165 million term loan, $30
million revolving credit facility, and $25 million delayed-draw
term loan, reflecting S&P's expectation that lenders would receive
substantial (70% to 90%) recovery of principal in the event of a
default.  S&P also raised its rating on the company's unsecured
debt to 'CCC-' from 'CC', reflecting the corporate credit rating
upgrade.  The recovery rating on this debt remains at '6',
reflecting S&P's expectation of negligible (0% to 10%) recovery on
this debt in the event of a default.

"Aurora has refinanced its senior secured credit facilities, which
puts cash on the balance sheet and provides the company with full
access to a $30 million revolving credit facility," said Standard
& Poor's credit analyst Shannan Murphy.  "But the company's
interest burden remains heavy relative to EBITDA generation, and
we see limited prospects for the company to improve EBITDA to
levels that could consistently generate free operating cash flow,"
she continued.

Aurora's business risk profile is "vulnerable," as defined in
S&P's criteria, characterized by a narrow operating focus, which
makes it especially vulnerable to reimbursement risk.  Changes in
Medicare payments accounted for a large decline in Aurora's 2013
EBITDA; S&P expects Medicare reimbursements to have only a slight
adverse effect in 2014 and 2015.

Aurora also faces stiffer competition from hospital laboratories
and is vulnerable to customer in-sourcing.  These factors are only
slightly offset by fairly favorable long-term demand for anatomic
pathology services.

In S&P's base case for 2014, it expects a low- to mid-single-digit
decline in Aurora's revenue and very thin interest coverage.  S&P
believes leverage will remain above 8x for the next two years.

S&P now assess Aurora's liquidity as "adequate" (revised from
"weak"), reflecting S&P's expectation that sources of liquidity
will cover uses by at least 1.2x.  S&P's "adequate" assessment
also reflects reset covenant cushions on the company's new credit
facility.

S&P's stable outlook on Aurora reflects its view that the new
credit facilities will provide sufficient liquidity and better
operating flexibility to support the company's strategy of using
acquisitions to generate growth, but that EBITDA is unlikely to
improve to levels sufficient to support the capital structure for
the long term.

S&P could lower its rating if Aurora is unable to sustain EBITDA
at levels sufficient to cover interest expense and capital
expenditures, resulting in substantial borrowing under the
revolving credit facility.  Under this scenario, S&P would view
the possibility of a default within the next 12 months as
heightened.

S&P could consider raising its rating if Aurora is able to
generate sustainable EBITDA of at least $45 million, a level S&P
believes would allow the company to generate sufficient cash flow
to sustainably cover its fixed charges without drawing on the
credit facility.  S&P believes this scenario would require EBITDA
margin expansion of about 300 basis points, which it do not expect
in the near term.


BERNARD L. MADOFF: Five Execs Face Sentencing
---------------------------------------------
Erik Larson, writing for Bloomberg News, reported that five former
aides to Bernard Madoff who prosecutors said have shown a
"galling" lack of remorse since being convicted of fraud were set
to be sentenced for propelling the biggest Ponzi scheme in U.S.
history.  According to the report, the three men and two women,
who worked for Madoff for decades, deserve "significantly harsher"
terms than the eight to 20 years recommended by the U.S. Probation
Office, the government said in court filings.

The case is U.S. v. O'Hara, 10-cr-00228, U.S. District Court,
Southern District of New York (Manhattan).

                     About Bernard L. Madoff

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

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has paid about 58 percent of customer claims totaling
$17.3 billion.  The most recent distribution was in March 2013.

Mr. Picard has collected about $9.35 billion, not including an
additional $2.2 billion that was forfeit to the government and
likewise will go to customers.  Picard is holding almost
$4.4 billion he can't distribute on account of outstanding
appeals and disputes.  The largest holdback, almost $2.8 billion,
results from disputed claims.


BUCCANEER ENERGY: OZ Court Issues "Foreign Main Proceeding" Order
-----------------------------------------------------------------
Buccaneer Resources LLC, et al., notified the U.S. Bankruptcy
Court for the Southern District of Texas, Victoria Division, that
on July 2, 2014, the Federal Court of Australia issued a judgment
finding that the bankruptcy case of Buccaneer Energy Limited is a
foreign main proceeding.

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.  Buccaneer listed assets of up to $50,000 and
liabilities between $50 million and $100 million in its petition.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.


BUCCANEER ENERGY: Can Use Cash Collateral Until Aug. 12
-------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas, Victoria Division, issued a bridge order
extending Buccaneer Resources, LLC, et al.'s right to use cash
collateral to Aug. 12, 2014.  The deadline for the Debtors to
confirm a plan is extended to Sept. 9.

Prior to the Petition Date, the Debtors entered into a credit
facility totaling $100 million with Chicago-based Victory Park
Capital.  In early 2014, the Debtors executed an amended and
restated financing agreement with Meridian Capital CIS Fund under
which Meridian took assignment of the Victory Park Facility.  In
April 2014, AIX Energy, LLC, took assignment of the Meridian
Facility.  As of May 31, 2014, the aggregate unpaid principal
balance of the AIX Facility, including all interest, fees, and
expenses, was $58,226,264.

The Court will hold a final hearing on the use of cash collateral
on Aug. 12, at 9:00 a.m. CDT.  Objections to the motion must be
submitted so as to be received no later than Aug. 8.

Asset Advant Pte. Ltd, Pacific Hill International Limited and
Harbour Sun Enterprises Limited (collectively, the ?Singapore
Investors?); All American Oilfield Associates, LLC, objected to
the cash collateral motion with respect to the timeline by which
the Debtors and other parties-in-interest may investigate and
bring claims challenging the extent, validity, perfection and
enforceability of the prepetition indebtedness.

AIMM Technologies, Inc., reserved its rights and objections to the
Motion for the final hearing.

Singapore Investors is represented by:

         William A. (Trey) Wood, III, Esq.
         BRACEWELL & GIULIANI LLP
         711 Louisiana, Suite 2300
         Houston, TX 77002
         Tel: (713) 223-2300
         Fax: (713) 221-1212

All American and AIMM are represented by

         Philip G. Eisenberg, Esq.
         W. Steven Bryant, Esq.
         Brooke B. Chadeayne, Esq.
         LOCKE LORD LLP
         600 Travis Street, Suite 2800
         Houston, TX 77002
         Tel: (713) 226-1489
         Fax: (713) 229-2536
         Email: peisenberg@lockelord.com
                sbryant@lockelord.com
                bchadeayne@lockelord.com

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.  Buccaneer listed assets of up to $50,000 and
liabilities between $50 million and $100 million in its petition.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.


BUCCANEER ENERGY: Creditors Oppose Proposed Bidding Protocol
------------------------------------------------------------
Unsecured creditors of Buccaneer Energy Resources, LLC, et al.,
oppose the proposed bidding procedures governing the sale of all
or substantially all of the Debtors' assets to AIX Energy, LLC,
their prepetition secured lender.

Under a purchase and sale agreement, AIX, which will serve as
stalking horse bidder, will purchase the Debtors? ?going concern?
value and assets for the aggregate purchase price of $58,476,264.

In order to ensure that the Debtors? estates obtain the highest
and best purchase price for the Assets, while ensuring adequate
protection for the Proposed Purchaser, the Debtors propose an
auction, although an auction will not be conducted if no qualified
bid is timely received.

One of the objectors is the Official Committee of Unsecured
Creditors, which according to Sherri Toub, substituting for Bill
Rochelle, the bankruptcy columnist for Bloomberg News, oppose an
?expedited bidding scheme? entitling AIX to bid with debt it
acquired from the company?s largest shareholder on the ?eve of
bankruptcy? while Buccaneer was insolvent.  The Committee pointed
out that AIX was installed by Meridian one month before
Buccaneer?s bankruptcy filing as secured creditor for the sole
purpose of acquiring the company because Meridian is precluded by
Australian Stock Exchange rules from acquiring Buccaneer?s assets
for its own benefit due to its large stake, the report related.

Cook Inlet Region, Inc., another objector, complained that the
Debtors have failed to file a copy of the PSA and objects to the
sale motion to the extent the Debtors are including the CIRI lease
as part of the sale.

CIRI is represented by:

         Robert L. Paddock, Esq.
         THOMPSON & KNIGHT LLP
         333 Clay Street, Suite 3300
         Houston, TX 77002-4499
         Tel: (713) 654-8111
         Fax: (713) 654-1871
         Email: robert.paddock@tklaw.com

                      About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.  Buccaneer listed assets of up to $50,000 and
liabilities between $50 million and $100 million in its petition.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

The Debtors' primary business is the exploration for and
production of oil and natural gas in North America.  Operations
have historically focused on both onshore and offshore
opportunities in the Cook Inlet of Alaska as well as the
development of offshore projects in the Gulf of Mexico and onshore
oil opportunities in Texas and Louisiana.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.


CHINA TELETECH: Albert Wong Replaced WWC P.C. as Accountant
-----------------------------------------------------------
China Teletech Holding, Inc., dismissed its independent registered
public accounting firm, WWC, P.C., effective July 31, 2014.  The
dismissal was approved by the Board of Directors of the Company.

WWC was engaged as the independent registered public accounting
firm on May 9, 2007.  During the Engagement Period, WWC did not
issue any reports on the Company's financial statements that
contained an adverse opinion or disclaimer of opinion, nor were
they qualified or modified as to uncertainty, audit scope or
accounting principles.

During the fiscal years ended Dec. 31, 2012, and Dec. 31, 2013,
and through the Engagement Period, there were (i) no disagreements
with WWC on any matter of accounting  principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreements if not resolved to the satisfaction of WWC
would have caused them to make reference to the subject matter of
the disagreements in connection with their report; (2) no
"reportable events" as such term is defined in Item 304(a)(1)(v)
of Regulation S-K.

Effective July 31, 2014, the Company engaged Albert Wong & Co. LLP
as the Company's independent registered public accountant.  The
engagement was approved by the Board.  The Company disclosed that
during the years ended Dec. 31, 2012, and Dec. 31, 2013, and
through July 31, 2014, it did not consult with AWC.

                         About China Teletech

Tallahassee, Fla.-based China Teletech Holding, Inc., is a
national distributor of prepaid calling cards and integrated
mobile phone handsets and a provider of mobile handset value-added
services.  The Company is an independent qualified corporation
that serves as one of the principal distributors of China Telecom,
China Unicom, and China Mobile products in Guangzhou City.

On June 30, 2012, the Company strategically sold its wholly-owned
subsidiary, Guangzhou Global Telecommunication Company Limited
("GGT"), to a third party.  GGT was engaged in the trading and
distribution of cellular phones and accessories, prepaid calling
cards, and rechargeable store-value cards.

China Teletech reported a net loss of $1.96 million on $30.87
million of sales for the year ended Dec. 31, 2013, as compared
with net income of $53,542 on $26.62 million of sales in 2012.
As of Dec. 31, 2013, the Company had $1.15 million in total
assets, $1.59 million in total liabilities and a $439,187 total
stockholders' deficit.

WWC, P.C., in San Mateo, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013, citing that the Company has incurred
substantial losses which raise substantial doubt about its ability
to continue as a going concern.


COLUSA MUSHROOM: 9th Cir. Affirms Dismissal of Malpractice Suit
---------------------------------------------------------------
The United States Court of Appeals, Ninth Circuit, in San
Francisco, held that the bankruptcy court in Colusa Mushroom,
Inc.'s case properly exercised jurisdiction over a malpractice
action against an attorney for the unsecured creditors' committee
and correctly dismissed the claim.

Richard Schultze, Lorenzo Zunino, Robert Becchetti, and Richard
Questoni were investors in Colusa Mushroom, a California company
that grew mushrooms for commercial sale. The business did not
flourish, and the company filed a voluntary petition in bankruptcy
under Chapter 11.  The bankruptcy court appointed an unsecured
creditors' committee consisting of Schultze et al., two other
individuals, and one business entity.  The Committee filed an
application for permission to employ David Chandler as counsel for
the Committee, and the court issued an order authorizing his
employment.

Eventually, the court approved a plan of reorganization under
which Colusa would sell its business and assets to a third party,
Premier Mushroom, LP.  All unsecured creditors, including
Plaintiffs, were to receive pro rata shares of the sale proceeds.
Under the terms of the sale, Premier paid a down payment and
executed a promissory note for payment of the remainder of the
sales price. Premier was to make three annual payments of $100,000
and a final balloon payment of $1,022,453.

The note was to be secured by a deed of trust on real property and
a secured interest on personal property, junior to three other
liens.  Attorneys for Colusa and Premier, not Chandler, conducted
the closing.  Following the closing of the sale, the court entered
a final decree and administratively closed the bankruptcy.

Premier paid the initial installments as provided by the terms of
the note but defaulted four years later.  Schultze et al. then
learned that Colusa's counsel had failed to file the financing
statements necessary to perfect the estate's junior security
interest in the personal property.  Because the security interest
was not perfected, Premier was able to take out additional loans
on and over-encumber Colusa's assets.  Thus, the net recovery from
the assets as a result of Premier's default was significantly less
than it would have been had the security interest been perfected.

Subsequently, Schultze et al. sued Chandler and his law firm in
state court for legal malpractice, alleging that Chandler was
negligent in the performance of his duties as counsel to the
Committee because he failed to ensure that Colusa's attorney
properly perfected the security interest.

The Colusa bankruptcy was reopened on March 31, 2011, and
converted to Chapter 7, which dissolved the Committee. Chandler
then removed the malpractice action to federal bankruptcy court.
Schultze et al. moved to remand the action to state court, but the
bankruptcy court found that it had federal jurisdiction for the
malpractice action and denied the motion. Chandler filed a Rule
12(b)(6) motion to dismiss on the basis that, inter alia, he owed
no duty to Schultze et al. individually because he represented the
committee as a whole, not its individual members.  The bankruptcy
court granted Chandler's motion, concluding that Chandler did not
owe a duty to Schultze et al. individually.  The bankruptcy court
issued an order approving a settlement on Premier's obligations
and negating any future payments on Schultze et al.'s claims.

Schultze et al. appealed the bankruptcy court's dismissal to the
district court.  The district court affirmed.

Circuit Judges Stephen S. Trott, Sidney R. Thomas, and Mary H.
Murguia, held that the employment of Chandler by the Committee was
approved by the bankruptcy court and governed by 11 U.S.C. Sec.
1103. Chandler's compensation was also approved by the court and
governed by 11 U.S.C. Sections 328, 330, 331.  His duties
pertained solely to the administration of the bankruptcy estate.
The claim asserted by Schultze et al. was based solely on acts
that occurred in the administration of the estate.  Therefore, the
lawsuit falls easily within the definition of a core proceeding.

The Ninth Circuit panel held that:

     -- the district court correctly determined that the
bankruptcy court had jurisdiction over the lawsuit as a core
proceeding and that the bankruptcy court did not err in denying
the remand motion; and

     -- The district court correctly concluded that the bankruptcy
court did not err in dismissing the complaint because Chandler did
not owe an individual duty of care.

The Ninth Circuit issued its opinion on July 18, 2014.  On Aug. 1,
the panel issued an Order and Amended Opinion to provide that
Footnote 1 of the original opinion is deleted in its entirety and
the following language inserted in lieu thereof:

     "We need not decide whether the bankruptcy court's entry of
final judgment was invalid under Stern v. Marshall, 131 S.Ct. 2594
(2011), because in this case, the bankruptcy court dismissed
Chandler's complaint for failure to state a claim, and the
district court reviewed this dismissal de novo. See Schultze v.
Chandler, No. C 11-4940 WHA, 2011 WL 6778823, at *2-3 (N.D. Cal.
Dec. 27, 2011). As such, Plaintiffs received all the review
Article III requires. Exec. Benefits Ins. Agency v. Arkison (In re
Bellingham Ins. Agency, Inc.), 134 S.Ct. 2165, 2175 (2014)."

A copy of the Aug. 1 Order and Amended Opinion is available at
http://is.gd/BI7NF4from Leagle.com.

The case is RICHARD K. SCHULTZE; LORENZO V. ZUNINO; ROBERT
BECCHETTI; RICHARD QUESTONI, Appellants, v. DAVID N. CHANDLER,
SR.; DAVID N. CHANDLER, P.C., Appellees, No. 12-15186 (9th Cir.).

Schultze et al. are represented by:

     Paul A. Frassetto, Esq.
     FRASSETTO LAW OFFICES
     505 Montgomery St 10th Fl
     San Francisco, CA 94111
     Tel: (415) 354-2700
     Fax: (415) 874-3001

Chandler P.C. is represented by:

     Arthur J. Harris, Esq.
     James A. Murphy, Esq.
     88 Kearny Street, 10th Floor
     San Francisco, CA 94108
     Tel: 415-788-1900
     Fax: 415-393-8087
     E-mail: aharris@mpbf.com
             jmurphy@mpbf.com

Colusa Mushroom, Inc., filed its Chapter 11 petition (Bankr. N.D.
Calif. Case No. 05-12180) on August 22, 2005.  Its plan of
reorganization was confirmed June 29, 2006.  Pursuant to the plan,
the debtor's business was to be sold to Premier Mushrooms, LP.
The debtor's estate was to receive a note for approximately $1.3
million secured by the assets sold to Premier. The note was given,
but the security interest not perfected.  The case was reopened on
March 31, 2011, and converted to Chapter 7 on July 14, 2011.


COTTONWOOD ESTATES: Wins Confirmation of Reorganization Plan
------------------------------------------------------------
Bankruptcy Judge R. Kimball Mosier in Utah confirmed the Plan of
Reorganization dated July 28, 2014, filed by Cottonwood Estates
Development, LLC.  A copy of the Court's August 4, 2014 FINDINGS
OF FACT AND CONCLUSIONS OF LAW REGARDING DEBTOR'S PLAN OF
REORGANIZATION, is available at http://is.gd/tHvawcfrom
Leagle.com.  A hearing on the Plan was held July 28, 2014, at
10:00 a.m.

As reported by the Troubled Company Reporter, the Debtor filed the
original Plan on March 28, 2014.  The Debtor's Plan provides for
the continued marketing and sale of the Debtor's real estate
project located in Big Cottonwood Canyon, Salt Lake County, Utah,
known as the Tavaci Project.  The Tavaci Projects consists of 39
single family residence lots which are finished and ready for
construction of homes thereon.  Creditors will be paid through
sales proceeds.

                     About Cottonwood Estates

Cottonwood Estates Development, LLC's primary asset is a real
estate project located in Big Cottonwood Canyon, Salt Lake County,
Utah, referred to as the Tavaci Project.  The Tavaci Projects
consists of 39 single family residence lots which are finished and
ready for construction of homes thereon.  Four lots were sold
before the bankruptcy filing.

Cottonwood Estates filed a Chapter 11 bankruptcy petition (Bankr.
D. Utah Case No. 13-34298) on Dec. 30, 2013, in Salt Lake City,
Utah.  The Debtor estimated up to $50 million in both assets and
debts.

The Debtor has tapped Miller Guymon, PC, in Salt Lake City, as
bankruptcy counsel, Parr Brown Gee & Loveless as special counsel
for real estate transaction matters, J. Philip Cook as appraiser,
and Daines Goodwin as accountant.


CTI BIOPHARMA: Incurs $27.4 Million Net Loss in Second Quarter
--------------------------------------------------------------
CTI Biopharma Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $27.39 million on $1.34 million of total revenues for the three
months ended June 30, 2014, as compared with a net loss of $18.01
million on $306,000 of total revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $56.40 million on $2.75 million of total revenues as
compared with a net loss of $37.39 million on $1.43 million of
total revenues for the same period last year.

The Company's balance sheet at June 30, 2014, showed $55.25
million in total assets, $40.68 million in total liabilities,
$7.89 million in common stock purchase warrants and $6.68 million
in total shareholders' equity.

"In July 2014, we achieved a significant milestone with the
completion of enrollment in the PERSIST-1 clinical trial, the
first of two Phase 3 trials of our oral tyrosine kinase inhibitor
that has dual activity against JAK2 and FLT3 for patients with
myelofibrosis," said James A. Bianco, M.D., president and CEO.
"We look forward to reporting top-line results from this first
Phase 3 trial in early 2015, while also advancing our second Phase
3 trial for pacritinib; driving E.U. sales of PIXUVRI(R) for
relapsed aggressive B-cell NHL and advancing Phase 2 studies of
pacritinib and tosedostat in other hematologic malignancies," the
Company stated in a press release.

As of June 30, 2014, CTI's cash and cash equivalents totaled $33.2
million.  In August 2014, CTI received a $20 million development
milestone payment related to the PERSIST-1 trial under the
agreement with Baxter.

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

                         http://is.gd/4sCvQg

                         About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC), formerly known as
Cell Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.  For additional
information and to sign up for email alerts and get RSS feeds,
please visit www.ctibiopharma.com.

Cell Therapeutics reported a net loss attributable to common
shareholders of $49.64 million in 2013, a net loss attributable to
common shareholders of $115.27 million in 2012 and a net loss
attributable to common shareholders of $121.07 million in 2011.


DETROIT, MI: Ambac Finalizes Bond Settlement Ahead Of Plan Trial
----------------------------------------------------------------
Law360 reported that bond insurer Ambac Assurance Corp. unveiled
details of a settlement with Detroit over the bankrupt city's
treatment of limited tax-general obligation bonds, reporting it
will see a minimum 34 percent recovery that could rise if the city
successfully voids a disputed $1.5 billion borrowing.

According to the report, under the terms, Ambac stands to receive
notes totaling 34 percent of its allowed claim related to its
exposure on the LTGO bonds, plus a 20 percent stake in any notes
that remain in a litigation reserve contemplated under the city's
latest proposed plan of adjustment.

                  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.


EAGLE BULK: Files for Chapter 11 with Prepackaged Plan
------------------------------------------------------
Eagle Bulk Shipping Inc. has sought Chapter 11 protection with the
support of the majority of its lenders for a plan to cut $975
million in debt from its balance sheet.

Sara Randazzo, writing for The Wall Street Journal, reports that
the the dry-bulk shipper has assets of between approximately $850
million and $950 million and liabilities of $1.2 billion.

Under a proposed plan, Eagle Bulk's lenders, owed $1.2 billion,
would convert their debt into 99.5% of the new equity in the
reorganized company and receive a cash distribution, while current
equity would be canceled, with those equity holders receiving the
remaining 0.5% in new stock, along with seven-year warrants to
acquire another 7.5% of new equity, the Journal related.


EAGLE BULK: Case Summary & 3 Unsecured Creditors
------------------------------------------------
Debtor: Eagle Bulk Shipping Inc.
        477 Madison Avenue
        New York, NY 10022

Case No.: 14-12303

Type of Business: Provider of ocean-borne transportation services
                  for a broad range of major and minor "dry bulk"
                  cargoes, including iron ore, coal, grain,
                  cement, and fertilizer, along worldwide shipping
                  routes.

Chapter 11 Petition Date: August 6, 2014

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Sean H. Lane

Debtor's Counsel: Paul Aronzon, Esq.
                  Haig Maghakian, Esq.
                  MILBANK, TWEED, HADLEY & MCCLOY LLP
                  601 S. Figueroa St., 30th Fl
                  Los Angeles, CA 90017
                  Tel: 213-892-4000
                  Email: paronzon@milbank.com
                         hmaghakian@milbank.com

                     - and -

                  Tyson M. Lomazow, Esq.
                  Matthew Brod, Esq.
                  MILBANK, TWEED, HADLEY & MCCLOY LLP
                  One Chase Manhattan Plaza
                  New York, NY 10005
                  Tel: 212-530-5000
                  Email: tlomazow@milbank.com
                         mbrod@milbank.com

Debtor's          MOELIS & COMPANY
Financial
Advisor and
Investment
Banking
Advisor:

Debtor's          ALVAREZ & MARSAL
Restructuring
Advisors:

Debtor's          PRICEWATERHOUSECOOPERS LLP
Accountant
and Auditor:

Debtor's          TOGUT, SEGAL & SEGAL LLP
Conflicts
Counsel:

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

Total Assets: $850 million to $950 million

Total Debts: $1.2 billion

The petition was signed by Adir Katzav, chief financial officer.

List of Debtor's Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wilmington Trust (London)          Unsecured         Undetermined
Limited, as successor agent and    Deficiency
security trustee                   Claim Under
Third Floor, 1 King's Arms Yard    Prepetition
London, EC2R 7AF                   Credit
United Kingdom                     Agreement
Attn: Paul Barton

International Chartering Services, Litigation        Undetermined
Inc.
C/O Keane & Marlowe LLP
197 Route 18, Suite 3000
East Brunswick, NJ 08816
United States

Peraco Chartering (USA) LLC        Litigation        Undetermined
C/O Keane & Marlowe LLP
197 Route 18, Suite 3000
East Brunswick, NJ 08816
United States


EL POLLO LOCO: S&P Assigns 'B' CCR Following IPO
------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating and stable outlook to Costa Mesa, Calif.-based El
Pollo Loco Holdings Inc.

At the same time, S&P raised its issue-level rating on the
company's senior credit facility, consisting of a $15 million
revolver and $190 million term loan, to 'B' from 'B-.'  The '3'
recovery rating for the facility remains unchanged, indicating
S&P's expectation for meaningful (50% to 70%) recovery in the
event default.  S&P is also withdrawing its 'CCC' issue-level
rating on the company's second-lien term loan given pay down using
IPO proceeds.

"El Pollo Loco's "weak" business risk profile reflects its narrow
focus on flame-grilled chicken in five U.S. states, with almost
90% of company-owned and franchised restaurants in California,"
said credit analyst Diya Iyer.  "It also reflects limited store
growth in 2013 and 2014 and intense competition among both fast-
casual peers including Chipotle Mexican Grill and quick-service
peers including Taco Bell."

The outlook is stable, reflecting S&P's expectation for continued
improvement in credit protection measures in the coming year as a
result of further operational enhancement from menu innovation,
store growth, and the company's Hacienda remodeling program.  S&P
expects the company to remodel over 50% of the restaurant system
by the end of 2014, with an accompanying low-single digit percent
increase in comparable-restaurant sales at remodeled units.

Upside Scenario

S&P could raise its rating if same-store sales increase more than
10% and gross margin expands 200 basis points above S&P's
expectations resulting from continued strong operational
execution.  This would result in a 30% increase in EBITDA, with
leverage in the low-3x, interest coverage in the mid-4x range, and
FFO to debt in the mid-20% range.  At that time, S&P would also
view the company's market position relative to larger quick-
service peers as more favorable, and would reassess financial
policies and reduced sponsor ownershipas positive, with no debt-
financed dividends in the coming year.

Downside Scenario

S&P would consider lowering its rating if profitability falls
below its expectations in the coming year because of sales
pressure or higher costs associated with store expansion.  This
would lead to EBITDA declining 15%, with gross margin declining
more than 100 basis points, resulting in leverage returning to
above 5.0x, coverage approaching 2.0x, and FFO to debt in the 10%
range.


EMORAL INC: Diacetyl Plaintiffs Ask High Court To Review Ruling
---------------------------------------------------------------
Law360 reported that plaintiffs in a class action claiming they
were harmed by exposure to food coloring chemical diacetyl have
asked the U.S. Supreme Court to review a Third Circuit ruling that
Aaroma Holdings LLC cannot be held liable because it purchased
those assets from now-bankrupt Emoral Inc., saying the decision
sets a dangerous precedent.  According to the report, citing a
petition for a writ of certiorari, the Third Circuit erred in
determining that Aaroma Holdings cannot be held liable for the
personal injury claims because the decision leaves plaintiffs
without recourse to recover necessary damages for the injuries
they suffered.  In addition, the plaintiffs claim that every other
circuit would have ruled differently because the liability law
relied upon was designed to benefit injured parties, the report
related.

The case is Diacetyl Plaintiffs v. Aaroma Holdings LLC, case
number 14-71, in the Supreme Court of the United States.


FIDDLER'S CREEK: Suit v. Naples Lending May Be Remanded
-------------------------------------------------------
During the pendency of its bankruptcy case, Fiddler's Creek LLC
filed a Complaint against Naples Lending Group LC, Daniel Carter,
MMA Realty Capital LLC, and John Does #1-20 in the Twentieth
Judicial Circuit Court in and for Collier County, Florida,
alleging various state law claims with a jury demand.  Fiddler's
Creek alleges that the named John Does #1-20, bondholders with an
interest in the project, received and were attempting to
capitalize on, or improperly obtain, sensitive and confidential
information regarding the project with the assistance of co-
defendants Naples Lending and/or Carter, its Managing Member.

As the real estate market declined, in October 2009, Carter
approached Fiddler's Creek about purchase outstanding bank debt
and restructuring the terms of Fiddler's Creek's debt to enable it
to continue the project.  As a result, Fiddler's Creek and Naples
Lending entered into a Confidentiality and Non-circumvent
Agreement before disclosing confidential, non-public, and
proprietary information regarding the project.

After obtaining the confidential information, the defendants
terminated investment discussions and instead sought to purchase
Community Development District bonds.  Fiddler's Creek and
affiliated entities subsequently sought bankruptcy protection, and
Carter became hostile by opposing Fiddler's Creek's bankruptcy-
exit plan and working with third parties to oppose the plan.
Naples Lending improperly disclosed confidential information to
third parties, and conspired with John Does to oppose the
bankruptcy Plan.  All claims in the Complaint are brought under
state law.  Fiddler's Creek later filed an Amended Complaint still
only asserting state law claims. Both pleadings contained a jury
demand.

On May 10, 2011, Naples Lending and Carter filed a Notice of
Removal with the Bankruptcy Court in the Tampa Division, because
the Complaint was "related to" Fiddler's Creek's bankruptcy case.
On June 9, 2011, Fiddler's Creek filed a Motion to Remand, or, in
the Alternative, Motion for Abstention arguing that the Complaint
was not related to the bankruptcy case and no independent basis
for federal jurisdiction existed.

On July 14, 2011, the Bankruptcy Court denied the remand for the
reasons stated at the hearing.  On November 8, 2011, Fiddler's
Creek filed the Amended Complaint in the Adversary Proceeding.
Discovery continued for several years in the Bankruptcy Court.

On August 29, 2011, the Bankruptcy Court issued a Memorandum
Opinion and Order Confirming the Debtors' Second Amended Plans of
Reorganization as Modified.

On December 23, 2013, the Bankruptcy Court issued a Final Decree)
and the bankruptcy case was closed.

On January 6, 2014, Fiddler's Creek sought to withdraw its jury
demand in the adversary proceeding based on the presence of a
waiver in the confidentiality agreement at issue in the Complaint,
but the motion was never heard or responded to because defendants
moved to withdraw the reference and transfer venue, Doc. #1, on
the same day.

On January 6, 2014, Naples Lending filed its Motion to Withdraw
the Reference and, to the Extent Applicable, Transfer Venue; and
the Bankruptcy Court transmitted the motion and underlying record
to the District Court in the Tampa Division of the Middle District
of Florida.  The Honorable James S. Moody, Jr. granted the motion
to withdraw the reference but deferred the issue of transferring
venue to the Fort Myers Division.

On July 16, 2014, the case was transferred to the Fort Myers
Division of the Middle District of Florida, but without opining as
to whether the case should be heard or remanded to the state
court.

In the February 24, 2014, Order, Judge Moody found that the
withdrawal was timely made, that the reference should be
withdrawn.  Judge Moody said the adversary proceeding no longer
involved a bankruptcy related issue, and in fact the outcome would
not have any impact on the closed bankruptcy case, and that it was
not a core proceeding in the bankruptcy case.  Judge Moody further
found that the bankruptcy court's ruling was not dispositive on
the issue of withdrawal and was insufficient to prevent withdrawal
of the reference under Stern v Marshall, 131 S.Ct. 2594 (2011).

Fiddler's Creek's request to withdraw the jury demand was found to
be improper because Carter had an independent right to a jury
trial that was not deemed waived under the Agreement at issue.

The Bankruptcy Court denied a remand without considering Stern v.
Marshall, the bankruptcy case is closed, and the district court
has found that the claims in the withdrawn adversary proceeding
are not core, arising from, or related to the bankruptcy case. In
fact, everyone agreed that the outcome of the suit would have no
effect on the administration of the estate.

Accordingly, in an August 1 Order available at http://is.gd/3GT5DR
from Leagle.com, District Judge John E. Steele ruled that:

     1. the Defendants must show cause by August 15 why the case
should not be remanded to state court for lack of subject-matter
jurisdiction.

     2. Non-Party MMA Realty Capital LLC's Motion to Extend Time
to Respond to Plaintiff's Renewed and Amended Motion to Compel is
granted, nunc pro tunc.  The Opposition is accepted as timely
filed.

     3. the Defendants' Motion for Leave to File a Motion to
Compel in Excess of Twenty-Five Pages is deferred pending a
determination of the Court's jurisdiction.

     4. the Defendants' Motion for Leave to File a Reply to
plaintiff's Response and Opposition to Defendants' Motion for
Leave to File a Motion to Compel in Excess of Twenty-Five Pages is
denied as no reply is required.

The case is, FIDDLER'S CREEK, LLC, Plaintiff, v. NAPLES LENDING
GROUP LC, DANIEL CARTER, and MMA REALTY CAPITAL LLC, Respondent,
Defendants, CASE NO. 2:14-CV-379-FTM-29 (M.D. Fla.).

                     About Fiddler's Creek

Fiddler's Creek, LLC, and its affiliates each owns, operates or is
otherwise affiliated with the premier, fully integrated, master
planned residential community known as "Fiddler's Creek" in
southwestern Florida.  Fiddler's Creek is located in Collier
County, Florida, approximately 12 miles southeast of the city of
Naples and six miles north of Marco Island.  The Fiddler's Creek
development is comprised of nearly 4,000 zoned acres of prime land
in Naples, Florida, and is planned for and capable of
accommodating up to 6,000 residences upon projected build-out,
which is estimated to be in 2020.  Fiddler's Creek contains five
distinctive neighborhoods known as: Fiddler's Creek, Veneta,
Aviamar, Marsh Cove and Meadow Run.

Fiddler's Creek filed for Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 10-03846) on Feb. 23, 2010.  Paul J. Battista,
Esq., Heather L. Harmon, Esq., and Mariaelena Gayo-Guitian, Esq.,
at Genovese Joblove & Battista, P.A., Miami; Bart A. Houston,
Esq., at Kopelowitz Ostrow; and Mark Woodward, Esq., serve as
counsel to the Debtors.  Judge Alexander L. Paskay presides over
the case.  The Company estimated assets and debts at $100 million
to $500 million.

Paul S. Singerman, Esq., Jordi Guso, Esq., and Debi Evans Galler,
Esq., at Berger Singerman P.A., represent the Official Unsecured
Creditors Committee as counsel.

At the end of August 2011, Fiddler's Creek LLC was given formal
approval for its Chapter 11 plan following an eight-day
confirmation hearing.  The Plan incorporates agreements with the
official creditors' committee, an ad hoc group of homeowners, and
two lenders, Regions Bank NA and Fifth Third Bank.


FONTAINEBLEAU LAS VEGAS: Settlement Faces More Objections
---------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that the Fontainebleau Las
Vegas LLC bankruptcy trustee is facing new and renewed opposition
to a proposed $83.3 million settlement of lawsuits against former
directors, officers and managers.

According to the report, the term lenders, U.S. Bank NA, indenture
trustee for a group of second-lien noteholders, and Union Labor
Life Insurance Co., filed objections to the settlement.  U.S.
Bankruptcy Judge A. Jay Cristol in Miami has ruled in July that he
won't approve a provision of the settlement that would bar a
pending lawsuit against Fontainebleau directors and officers filed
by term-loan lenders, the report related.

                  About Fontainebleau Las Vegas

Fontainebleau Las Vegas -- http://www.fontainebleau.com/-- was
planned as a hotel-casino on property along the Las Vegas Strip.
Its developer, Fontainebleau Las Vegas Holdings LLC and
affiliates, filed for Chapter 11 protection (Bankr. S.D. Fla. Lead
Case No. 09-21481) on June 9, 2009.

Scott L Baena, Esq., at BilzinSumbergBaena Price & Axelrod LLP,
represented the Debtors in their restructuring effort.  Kurtzman
Carson Consulting LLC served as the Debtors' claims agent.
Attorneys at Genovese Joblove& Battista, P.A., and Fox
Rothschild, LLP, represented the Official Committee of Unsecured
Creditors.  Fontainebleau Las Vegas LLC estimated more than
$1 billion in assets and debts, while each of Fontainebleau Las
Vegas Capital Corp. and Fontainebleau Las Vegas Holdings LLC
estimated less than $50,000 in assets.

In February 2010, Icahn Enterprises L.P. acquired Fontainebleau
for roughly $150 million.  The bankruptcy case was subsequently
converted to Chapter 7.  Soneet R. Kapila has been named the
trustee for the Chapter 7 case of Fontainebleau Las Vegas.


FREE-LANCE STAR: Key Stakeholders Reach Global Settlement
---------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that Sandton Capital
Partners, which bought newspaper and radio station owner Free
Lance-Star last month for $30.2 million, reached an agreement with
the Official Committee of Unsecured Creditors, member Pension
Benefit Guaranty Corp. and the company on a number of disputes.

According to the report, the proposed global settlement addresses
the disposition of sale proceeds among creditors and eliminates
"escalating" litigation expenses and litigation risks associated
with asserted appeals.  It requires the company to file a Chapter
11 plan and explanatory disclosure statement by Aug. 6, the report
related.

                About The Free Lance-Star Publishing

The Free Lance-Star Publishing Co. of Fredericksburg, Va., is a
publishing, newspaper, radio and communications company based in
Fredericksburg, Virginia and owned by the family of Josiah P. Rowe
III.  FLS's single, seven-day a week newspaper, The Free Lance-
Star was first published in 1885 when a group of local
Fredericksburg merchants and businessmen created the paper to
serve the news and advertising needs of the community.  FLS also
owns radio stations WFLS-AM, FLS-FM, and WVBX.  FLS owns the
community and news portal http://www.fredericksburg.com/

FLS filed a Chapter 11 bankruptcy petition (Bankr. E.D. Va. Case
No. 14-30315) in Richmond, Virginia, on Jan. 23, 2014.  William
Douglas Properties, L.L.C., a related entity that owns a portion
of the land pursuant to which FLS operates certain aspects of its
business, also sought bankruptcy protection.

Judge Keith L. Phillips was initially assigned to the cases, but
the cases were reassigned to Judge Kevin R. Huennekens on the
Petition Date.

The Debtors have tapped Lynn L. Tavenner, Esq., and Paula S.
Beran, Esq., at Tavenner & Beran, PLC, as counsel; and Protiviti,
Inc., as financial advisor.

The U.S. Trustee for Region 4 appointed three members to the
official committee of unsecured creditors.


GACN INC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: GACN, Inc.
           D/B/A/ Cables Restaurant, a California Corporation
        20929 Ventura Blvd.,
        Woodland Hills, CA 91364

Case No.: 14-13695

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Johnny White, Esq.
                  WOLF, RIFKIN, SHAPIRO, SCHULMAN RABKIN
                  11400 Olympic Boulevard, 9th Floor
                  Los Angeles, CA 90064-1582
                  Tel: 310-478-4100
                  Fax: 310-479-1422
                  Email: JWhite@wrslawyers.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by George Metsos, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-13695.pdf


GANNETT CO: S&P Affirms 'BB+' CCR on Spin-Off of Publishing Assets
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on U.S.-
based TV broadcaster and newspaper publisher Gannett Co. Inc.,
including the 'BB+' corporate credit rating on the company.  The
outlook is stable.

The ratings affirmation reflects S&P's assessment that although
leverage will increase by about a turn to the mid-3x area, S&P
views the transactions as relatively neutral for its ratings on
Gannett, based on its plans for spinning off its publishing
assets, which are exposed to unfavorable structural trends.  Full
ownership of Cars.com, the second largest automotive marketing Web
site, behind autotrader.com, brings a more stable revenue base and
healthy growth prospects.

The 'BB+' corporate credit rating on Gannett reflects S&P's
assessment of the business risk profile as "satisfactory" and the
financial risk profile as "significant."  S&P views Gannett's
business risk profile as "satisfactory," according to its
criteria, largely because of its position as a major TV station
operator, its strong profitability associated with broadcasting,
and the growth opportunities at Cars.com.  S&P expects that
leverage will increase by about a turn to the mid-3x area,
consistent with a "significant" financial risk profile.  This is a
revision from S&P's previous assessment of the company's financial
risk as "intermediate."

"Despite the rapid change in how consumers access information and
constant development of information applications and services, we
believe that Cars.com is in a good position to navigate changes.
The majority of Cars.com revenue comes in the form of subscription
revenue from auto dealers, which tends to be a lot more stable and
sticky than traditional online advertising revenue.  Gannett is
the second-largest non-network-owned TV broadcaster in the U.S.,
reaching about 33% of the country's households.  With the
acquisition of Belo Corp. in Dec. 2013, the company became the
largest CBS affiliate station owner and the fourth-largest owner
of station affiliates of the ABC Network, after already being the
largest NBC affiliate owner.  Most of the company's TV stations
rank first or second in their local news broadcasts.  We believe
the company's larger size among U.S. TV broadcasters adds
efficiencies including programming, overhead, and capital
expenditures, enabling higher margins compared with its peers.  In
addition, we believe the company will have a stronger position in
negotiating retransmission compensation agreements with cable TV
and satellite companies, as well as affiliation agreements with
the TV networks.  While offering strong margins and cash flow,
broadcasting ad revenue is highly sensitive to economic downturns
and biennial election cycles, and is subject to long-term secular
trends in audience fragmentation and the increasing popularity of
Internet-based entertainment," S&P said.

The company plans to spin off its newspaper assets.  The asset
group represents the largest U.S.-based group of papers with a
diversified portfolio of 81 smaller market newspapers, and
separately, USA TODAY.  Newspaper publishing is vulnerable to the
ongoing shift of news consumption and advertising to digital
media.  S&P expects growth in digital publishing revenue will
continue to be insufficient to offset the secular decline in print
ad revenues.  Although S&P views the spin-off as a long-term
positive to its assessment of the company, S&P continues to assess
Gannett's business risk profile as "satisfactory," as the company
further develops its digital strategy in a competitive, rapidly
changing arena.

S&P now expects leverage will remain in the 3x to 4x area,
consistent with the range that S&P associates with a "significant"
financial risk profile.  S&P expects the company will generate
steady operating cash flow in 2014 and 2016, resulting in part
from increasing broadcasting retransmission revenues and biennial
political and Olympic advertising revenue.  S&P expects the
company will resume share repurchases in late-2015 or early-2016.
Over the medium term, S&P also expects that Gannett may make
further acquisitions to expand its digital business.


GREEKTOWN CASINO: 6th Cir. Affirms Dismissal of Guaranty Suit
-------------------------------------------------------------
The United States Court of Appeals for the Sixth Circuit, in a
2-1 ruling, affirmed the dismissal of Ted and Maria Gatzaros'
lawsuit against the Sault Ste. Marie Tribe of Chippewa Indians and
the Kewadin Casinos Gaming Authority relating to the sale of the
Gatzaros' membership interest in Monroe Partners, LLC, an entity
that owned 50% of Greektown Casino, LLC, the operator of Greektown
Casino in Detroit.  In their lawsuit, the Gatzaros seek to recover
roughly $74 million under a guaranty agreement that was signed by
the Tribe and the Authority after the buyer, Kewadin Greektown
Casino LLC, defaulted.

The case is TED GATZAROS, et al., Plaintiffs-Appellants, v.
THE SAULT STE. MARIE TRIBE OF CHIPPEWA INDIANS, et al.,
Defendants-Appellees, No. 13-2045 (6th Cir.).  A copy of the
August 1, 2014 Opinion is available at http://is.gd/fqsyCCfrom
Leagle.com.

                     About Greektown Holdings

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  The Debtors hired Daniel J. Weiner, Esq., Michael E.
Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC,
as their bankruptcy counsel; Judy B. Calton, Esq., at Honigman
Miller Schwartz and Cohn LLP, as their special counsel; Conway
MacKenzie & Dunleavy as their financial advisor, and Kurtzman
Carson Consultants LLC as claims, noticing, and balloting agent.
The Official Committee of Unsecured Creditors tapped Clark Hill
PLC as its counsel.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

On June 1, 2009, the Debtors filed a proposed Chapter 11 Plan of
Reorganization.  On Dec. 7, 2009, certain noteholder entities, the
Official Committee of Unsecured Creditors of the Debtors, and
Deutsche Bank Trust Company Americas, as indenture trustee,
proposed their own plan of reorganization for the Debtors.  On
Jan. 22, 2010, the Bankruptcy Court entered an order confirming
the Noteholder Plan.  The Plan was declared effective on June 30,
2010, after Greektown Casino Hotel obtained unanimous approval
from the Michigan Gaming Control Board on June 28 of the transfer
of the Company's ownership from the Sault Ste. Marie Tribe of
Chippewa Indian to new investors.

                            *   *    *

As reported by the TCR on Feb. 28, 2014, Standard & Poor's Ratings
Services assigned Detroit-based gaming operator Greektown Holdings
LLC its 'B-' corporate credit rating.  The 'B-' corporate credit
rating reflects S&P's assessment of Greektown's business risk
profile as "vulnerable" and its assessment of the company's
financial risk profile as "highly leveraged," according to S&P's
criteria.


HAAS ENVIRONMENTAL: Advanced Truck Services Demands Claim Payment
-----------------------------------------------------------------
Advanced Truck Services Inc. asks the Bankruptcy Court to require
Haas Environmental Inc. to return a truck that, ATS said, the
Debtor wrongfully removed from its possession.

ATS explained it filed a proof of claim for $10,900 for worked
performed on Haas' truck plus storage fees.  Haas' counsel
represented to ATS that the Debtor would settle the claim.  The
truck stayed at ATS's facility for three months and AYS was unable
to charge additional storage fees and had not been paid on account
of its claim.  But in March 2014, ATS learned that Haas had
removed the truck from its place of storage by paying the
landowner -- not ATS.

                  About Haas Environmental, Inc.

Haas Environmental, Inc., filed a Chapter 11 petition (Bankr.
D.N.J. Case No. 13-27297) on Aug. 6, 2013.  Eugene Haas signed the
petition as president.  Judge Kathryn C. Ferguson presides over
the case.  The Debtor disclosed $10,127,069 in assets and
$11,595,611 in liabilities as of the Chapter 11 filing.

The Debtor is represented by Sherman, Silverstein, Kohl, Rose &
Podolsky, P.A.'s Arthur J. Abramowitz, Esq., and Jerrold N.
Poslusny, Jr., Esq.

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


HUMBOLDT HILL: Case Summary & 10 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Humboldt Hill Development, LLC
        3316 Mitchell Heights Drive
        Eureka, CA 95503

Case No.: 14-11141

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Northern District of California (Santa Rosa)

Debtor's Counsel: David N. Chandler, Esq.
                  LAW OFFICES OF DAVID N. CHANDLER, P.C.
                  1747 4th St., Santa Rosa, CA 95404
                  Tel: (707) 528-4331
                  Email: DChandler1747@yahoo.com

Total Assets: $3.85 million

Total Liabilities: $1.87 million

The petition was signed by Gerald Pavlich, principal.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb14-11141.pdf


INNOVATIVE COMMUNICATION: "Tutein" Appeal Dismissed
---------------------------------------------------
Judge Curtis V. Gomez of the U.S. District Court, D. Virgin
Islands Division of St. Thomas and St. John, dismissed, for
failure to prosecute, an appeal taken by John Tutein from the
January 27, 2014 "Order Granting Plaintiff's Motion for Summary
Judgment Against John Tutein Only as to the 11 U.S.C. Sec. 548
Counts," issued by the U.S. Bankruptcy Court for the District of
the Virgin Islands in the bankruptcy case of Innovative
Communication Corporation.

The case before the District Court is, JOHN TUTEIN, Appellant, v.
JAMES P. CARROLL, LIQUIDATION TRUSTEE OF THE LIQUIDATION TRUST FOR
THE BANKRUPTCY ESTATES OF INNOVATIVE COMMUNICATION COMPANY, LLC,
EMERGING COMMUNICATIONS, INC., AND INNOVATIVE COMMUNICATION CORP.
Appellee, CIVIL NO. 2014-13 (D.V.I.).  A copy of the Court's
August 1, 2014 Order is available at http://is.gd/QJZON7from
Leagle.com.

             About Prosser & Innovative Communication

Headquartered in St. Thomas, Virgin Islands, Innovative
Communication Company, LLC -- http://www.iccvi.com/-- and
Emerging Communications, Inc., are diversified telecommunications
and media companies operating mainly in the U.S. Virgin Islands.
Jeffrey J. Prosser owns Emerging Communications and Innovative
Communications.  Innovative and Emerging filed for Chapter 11
protection on July 31, 2006 (D.V.I. Case Nos. 06-30007 and
06-30008).  When the Debtors filed for protection from their
creditors, they estimated assets and debts of more than
$100 million.

Mr. Prosser also filed for chapter 11 protection on July 31, 2006
(D.V.I. Case No. 06-10006).  According to The (Virgin Islands)
Source, he was fired in October 2007 for failing to make payments
into the company pension funds.  On Oct. 3, 2007, the Prosser case
was converted to chapter 7 and James P. Carroll was ultimately
appointed the chapter 7 Trustee.

Greenlight Capital Qualified, L.P., Greenlight Capital, L.P., and
Greenlight Capital Offshore, Ltd. -- which holds an $18,780,614
claim against Mr. Prosser -- had filed an involuntary chapter 11
against Innovative Communication, Emerging Communications, and Mr.
Prosser on Feb. 10, 2006 (Bankr. D. Del. Case Nos. 06-10133,
06-10134, and 06-10135).  Mr. Prosser argued that the Greenlight
entities, the former shareholders of Innovative Communications,
and Rural Telephone Finance Cooperative, Mr. Prosser's lender,
conspired to take down his companies into bankruptcy and collect
millions in claims.

The U.S. District Court of the Virgin Islands, Bankruptcy
Division, approved the U.S. Trustee for Region 21's appointment of
Stan Springel of Alvarez & Marsal as Chapter 11 Trustee of
Innovative and Emerging Communications.  Joseph Steinfeld, Jr.,
Esq., of Ask Financial, LLP, act as counsel to the Chapter 11
Trustee.

On Oct. 31, 2012, an Order was entered confirming the joint
liquidating plan of ICC-LLC, Emerging, and New ICC.


IMH FINANCIAL: SRE Monarch Holds 26.8% Equity Stake
---------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, SRE Monarch, LLC, and its affiliates disclosed that as
of July 24, 2014, they beneficially owned 5,595,148 shares of
common stock of IMH Financial Coporation representing 26.85
percent of the shares outstanding.  A full-text copy of the
regulatory filing is available at http://is.gd/jZkAYp

                       About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss of $26.20 million in 2013, a net
loss of $32.19 million in 2012 and a net loss of $35.19 million in
2011.

The Company's balance sheet at March 31, 2014, showed $224.76
million in total assets, $121.75 million in total liabilities,
$5.28 million in fair value of puttable shares pursuant to legal
settlement, and $97.72 million in total stockholders' equity.


INTERNATIONAL MANUFACTURING: U.S. Trustee Appoints Creditors Panel
------------------------------------------------------------------
Tracy Hope Davis, the U.S. Trustee for Region 17, appointed three
members to serve in the official committee of unsecured creditors
in the Chapter 11 case International Manufacturing Group, Inc.

The Creditors Committee members are:

      1. Byron Younger
         650 Mystic Lane
         Sacramento, CA 95864

      2. Janine Jones
         2820 Ivy Knoll Drive
         Placerville, CA 95667

      3. Steve Whitesides
         P.O. Box 413
         Roseville, CA 95661

                About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.


INTERNATIONAL MANUFACTURING: Amends Schedules of Assets & Debts
---------------------------------------------------------------
International Manufacturing Group, Inc., filed with the U.S.
Bankruptcy Court for the Eastern District of California its
amended schedules of assets and liabilities, disclosing:


     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $1,602,132
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                         $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                 $2
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $125,080,214
                                 -----------      -----------
        TOTAL                     $1,602,132      $125,080,216

                About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.


LIME ENERGY: Chairman Agrees to Issue Letters of Credit
-------------------------------------------------------
Lime Energy Co., on Aug. 1, 2014, entered into a letter of credit
agreement with Richard P. Kiphart, the Company's Chairman and
largest individual stockholder.  Pursuant to the Agreement, Mr.
Kiphart agreed to cause the issuance of one or more Letters of
Credit for the benefit of a surety at the Company's request, up to
an aggregate amount of $1,300,000.  The Letter of Credit will be
used to guarantee certain obligations of the Company in connection
with its performance under the customer contract.  Mr. Kiphart's
obligation to cause the issuance of, or leave in place, the Letter
of Credit will terminate on Dec. 31, 2019.

The Company will indemnify Mr. Kiphart for any liability in
connection with any payment or disbursement made under the Letter
of Credit.  The Company will also pay all of Mr. Kiphart's fees
and out-of-pocket expenses incurred in connection with the Letter
of Credit.  All such indemnification, fees and expenses will be
payable by the Company within ten business days of the Company's
receipt of Mr. Kiphart's written demand.

Pursuant to the Agreement, the Company will issue to Mr. Kiphart a
warrant to purchase 50,000 shares of the Company's common stock as
consideration for his obligations under the Agreement.  The
Warrant will be issued between August 11 and Aug. 13, 2014, at an
exercise price equal to the closing price on the NASDAQ Stock
Market on the date of issuance.  The Warrant has a five year term
and may be exercised on a cashless basis at Mr. Kiphart's
election.  In addition, the Company has agreed to pay to Mr.
Kiphart simple interest at six percent per annum on the aggregate
amount of the letter of credit.

On July 29, 2014, the Company announced that it has been awarded a
contract by Duke Energy Business Services for a small business
energy saver program.  The program was initiated by the Company
and Duke Energy in 2012 and targets small business customers in
North & South Carolina with an average electric demand of 100 kW
or less.  Pending regulatory approval, the new award would expand
the program to a broader territory in North Carolina and South
Carolina and would extend the program for five years.  Among other
things, the Company would perform energy usage and equipment
assessments of small business facilities and would perform
upgrades to those facilities through its network of contractors.

                        About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders
of $18.51 million in 2013, a net loss of $31.81 million
in 2012 and a net loss of $18.93 million in 2011.  The Company's
balance sheet at March 31, 2014, showed $27.05 million in total
assets, $18.78 million in total liabilities and $8.26 million in
total stockholders' equity.


LINCOLN PARK: S&P Puts 'BB' Bond Rating on CreditWatch Negative
---------------------------------------------------------------
Standard & Poor's Rating Services placed its 'BB' rating on
Lincoln Park, Mich.'s series 2010 general obligation (GO) limited-
tax bonds on CreditWatch with negative implications.

"The negative CreditWatch means that we could lower the rating
within the next 60 to 90 days, depending on the outcome of the
appointment of an emergency manager by the state," said Standard &
Poor's credit analyst Oladunni Ososami, "with the goal of
regaining structural balance and improving the city's overall
financial condition."  This action is based on what S&P views as a
large and growing structural budget imbalance, following
indications of a larger-than-previously anticipated general fund
deficit for fiscal year 2014 and additional budgeted deficits in
fiscal year 2015.

The state department of treasury determined in April 2014 that the
city is facing a financial emergency.  Lincoln Park has had
recurrent deficits in its general fund since 2011 and ended 2013
with a negative fund balance of $91,000.  Pursuant to the review
report from the state's department of treasury, the city has
indicated another deficit of about $1 million for 2014.  Following
the inability of the city council to approve a consent agreement
to outline its deficit reduction, the state assigned an emergency
manager in July 2014.  The city's budget shows another deficit of
about $794,000 in its general fund for fiscal 2015.

"We have incorporated into our CreditWatch the possibility that
the emergency manager will outline actions to reduce the city's
deficits and reverse the current trend within the timeframe of the
CreditWatch," said Ms. Ososami.

The bonds are GOs of the city secured by its limited-tax GO pledge
which S&P rates one notch below the city's unlimited-tax GO
pledge.

The negative CreditWatch indicates that S&P could lower the rating
within the next 90 days if the city, with the appointment of the
emergency manager, can't implement enough adjustments to prevent
further deterioration to its finances.  Sustained weakness in
budgetary performance that leads to further deterioration of the
city's financial position would likely cause S&P to lower the
rating.  However, should budgetary measures clearly outline
sustainable plans to stabilize finances and rebuild general fund
reserves, S&P could affirm the rating.


LINDA ROSSALI LLC: Case Summary & 14 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Linda Rossali LLC
        307 4th Ave.
        Pittsburgh, PA 15222

Case No.: 14-23187

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Gregory L. Taddonio

Debtor's Counsel: Jeffrey T. Morris, Esq.
                  ELLIOTT & DAVIS PC
                  425 First Ave., First Floor
                  Pittsburgh, PA 15219
                  Tel: 412-434-4911 ext. 34
                  Fax: 412-561-6301
                  Email: morris@elliott-davis.com

Estimated Assets: not indicated

Estimated Liabilities: not indicated

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/pawb14-23187.pdf


LINGENWOOD NORTHWEST: Case Summary & 4 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Lingenwood Northwest, LLC
        108 Colonial Oaks Dr
        Warner Robins, ga 31088

Case No.: 14-51817

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Middle District of Georgia (Macon)

Debtor's Counsel: Robert Abney Fricks, Esq.
                  THE FRICKS FIRM, PC
                  466 S. Houston Lake Rd., Suite A
                  Warner Robins, GA 31088
                  Tel: 478-333-6502
                  Fax: 478-333-6545
                  Email: rob@fricksfirm.com

Total Assets: $2.74 million

Total Liabilities: $1.80 million

The petition was signed by Tom Lingenfelter, managing member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/gamb14-51817.pdf


LOVE CULTURE: Creditors' Committee Opposes Loan Final Approval
--------------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that the Official Committee
of Unsecured Creditors appointed in the Chapter 11 case of Love
Culture Inc. opposes the Debtor's request for final approval of a
financing package from pre-bankruptcy secured lender Salus Capital
Partners LLC.

According to the report, the Creditors' Committee said the
proposed bankruptcy financing, if not modified substantially, will
provide a "windfall" to Salus while the company and its remaining
creditors are left to deal with an administratively insolvent
estate in addition to their unpaid pre-bankruptcy claims.

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: Sues Founder for Selling Website
----------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that Love Culture Inc. sued
founder Bon Ho "Bennett" Koo, alleging that he and co-founder Jai
Rhee engaged in a scheme to sell the company's e-commerce business
before bankruptcy.  According to the report, Love Culture filed in
court a purported purchase agreement for the online business as an
exhibit to the complaint.  Love Culture asked the court to declare
that no sale occurred and that the e-commerce business remains an
asset of the bankruptcy estate, the report related.

The lawsuit is Love Culture Inc. v. Softree Inc., 14-ap-01684,
U.S. Bankruptcy Court, District of New Jersey (Newark).

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.


MEE APPAREL: Liquidation Plan Confirmed
---------------------------------------
Judge Christine M. Gravelle of the U.S. Bankruptcy Court for the
District of New Jersey on Aug. 5, 2014, approved the disclosure
statement explaining MEE Apparel LLC and MEE Direct LLC's plan of
liquidation and confirmed the same plan, paving the way for the
retailer's exit from bankruptcy.

The Plan, prior to the confirmation hearing, was modified in order
to address the objection of Artech Print S.A.S. and C.I.
Techniprint S.A.S. and the information objections received from
the U.S. Trustee, the Texas Comptroller of Public Accounts and the
Michigan Department of Treasury.

The plan calls for the new owner of MEE Apparel's assets, Suchman
LLC, to assume $6 million of the company's factoring agreements
with Rosenthal & Rosenthal Inc., Kirk O'Neill, writing for The
Deal, reported.  Suchman will retain $4.5 million of its secured
claims under the plan, although MEE Apparel estimated the lender
would receive no recovery, The Deal said.

Priority claims totaling $100,000 will be paid seven business days
from the effective date for a 100% recovery, while general
unsecured creditors will receive a pro rata share of cash seven
business days after their claims are allowed or 30 days after the
claim objection deadline expired, The Deal added.

                         About MEE Apparel

Founded in 1993 by Marc Ecko, Gerszberg and Marci Tapper, MEE
Apparel LLC and MEE Direct LLC are providers of youth apparel and
streetwear under the "Ecko Unltd." and "Unltd." brands.  Evolving
from just six t-shirts and a can of spray paint, MEE has become a
full scale global fashion and lifestyle company.  In 2013, MEE
Apparel generated gross sales of approximately $50 million.

MEE Apparel LLC and MEE Direct LLC filed Chapter 11 bankruptcy
petitions (Bankr. D.N.J. Case Nos. 14-16484 and 14-16486) on
April 2, 2014.  As of the Petition Date, the Debtors had assets of
approximately $30 million and liabilities of $62 million,
including $25 million of debt outstanding to unsecured creditors.
Judge Christine M. Gravelle presides over the Chapter 11 cases.
The petitions were signed by Jeffrey L. Gregg as chief
restructuring officer.

Cole, Schotz, Meisel, Forman & Leonard, P.A., serves as the
Debtor's counsel.  Prime Clerk LLC is the Debtor's claims and
noticing agent.  Innovation Capital, LLC, acts as the Debtor's
investment banker.

Suchman LLC closed the purchase of substantially all of MEE's
assets pursuant to the asset purchase agreement dated May 30,
2014.  The sale was valued at $12 million.

The U.S. Trustee for Region 3 has appointed five members to the
Official Committee of Unsecured Creditors.  Counsel for Committee
is David M. Posner, Esq., Otterbourg, P.C., in New York.  The
Committee also retains Capstone Advisory Group LLC as financial
advisor.


METRO AFFILIATES: Plan Now Effective; Has Accord With Wayzata
-------------------------------------------------------------
Metro Affiliates, Inc. and its affiliated debtors, including
Atlantic Express Transportation Corp., notified the Bankruptcy
Court that the Effective Date of its First Amended Joint Chapter
11 Plan of Liquidation occurred on June 30, 2014.

The Debtors won confirmation of the Plan on June 11, 2014.

According to the Debtors, as a result of the occurrence of the
Effective Date, the automatic stay pursuant to section 362 of the
Bankruptcy Code is lifted with respect to Holders of Allowed
Insured Claims, and the Holders may seek full recovery, if any as
determined by an order or judgment by a court of competent
jurisdiction or under a settlement or compromise of the Holder's
Allowed Insured Claim, on account of its Allowed Insured Claim,
from the applicable and available insurance policies maintained by
or for the benefit of any of the Debtors.

In furtherance of the Plan confirmation order:

     (i) the Debtors,

    (ii) Wayzata Opportunities Fund, LLC, Wayzata Opportunities
Fund II, L.P., Wayzata Recovery Fund, LLC, Wayzata Opportunities
Fund Offshore, L.P., and Wayzata Opportunities Fund Offshore II,
L.P.,

   (iii) The Bank of New York Mellon, as indenture trustee and
collateral agent for the Notes, on behalf of the holders of
the (a) New Senior Secured Notes issued by AETC on October 19,
2009 in the original principal amount of $90 million, and (b) the
Senior Secured PIK Notes issued by AETC in the aggregate principal
amount of $65,423,638, and

    (iv) the Official Committee of Unsecured Creditors,

entered into a Stipulation Resolving Certain Winddown Issues and
Amending Liquidating Trust Agreement.

The Debtors have identified additional wind-down expenses that
have not been accounted for in the budget under the DIP financing
agreement.  The Wayzata entites assert that the noteholders have
no obligation to permit their cash collateral to be used to pay
additional wind down expenses.  The Debtors, however, have
determined that certain of their insurance carriers, including the
AIG Companies and Liberty, currently hold collateral in the form
of cash deposits or proceeds of letters of credit as security for
the Debtors' ongoing payment obligations under various policies
obtained in the ordinary course of the Debtors' business.

The Committee and Wayzata disagree whether the excess insurance
collateral proceeds are unencumbered assets.  The Plan
confirmation order provides that a representative will be selected
by the liquidating trustee and the Wayzata entities.  That
representative will have the sole and exclusive authority to,
among other things, receive payments of any excess insurance
collateral proceeds from the AIG Companies.

The salient terms of the Stipulation provide that:

     -- The noteholders will consent to the funding out of the
noteholders' collateral or the proceeds thereof collected by the
Debtors of the additional wind down expenses.  However, the
noteholders will have no obligation to fund any amounts out of
pocket;

     -- The representative's costs in reviewing insurance claims
that are made against the AIG Companies shall be borne out of the
Other GUC Escrow or other funds held by the liquidating trust for
the benefit of the Allowed Class 2, Class 5 or Class 6 Claims;

     -- The representative also will review, as needed, insurance
claims that are made against Liberty;

     -- Expenses related to the recovery of any excess insurance
collateral proceeds, and the right to any such proceeds, will be
split:

           85% to/from the noteholders; and
           15% to/from funds held for the benefit of Allowed
               Unsecured claims

                      About Metro Affiliates

Staten Island, New York-based Metro Affiliates, Inc., and its
subsidiaries sought protection under Chapter 11 of the Bankruptcy
Code on Nov. 4, 2013 (Bankr. S.D.N.Y. Case No. 13-13591).  The
case is assigned to Judge Sean Lane.  In its schedules, Metro
Affiliates disclosed $14,438,351 in total assets and $163,562,007
total liabilities.

Lisa G. Beckerman, Esq., and Rachel Ehrlich Albanese, Esq., at
Akin Gump Strauss Hauer & Feld LLP, in New York; and Scott L.
Alberino, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
Washington, D.C., represent the Debtors.  Silverman Shin & Byrne
PLLC serves as special counsel.  Rothschild Inc. serves as the
Debtors' investment banker, while Kurtzman Carson Consultants LLC
serves as their claims and noticing agent.

The Joint Chapter 11 Plan of Liquidation filed by Metro
Affiliates, Inc. and its debtor affiliates embodies a global
settlement among the Debtors, the Creditors Committee, Wells Fargo
and Wayzata for a fair allocation of the Debtors' remaining
assets.  Wayzata holds a substantial majority of the Debtors'
Notes.  Among other things, the Settlement provides that proceeds
of the Noteholders' Collateral will be used to pay certain
administrative expenses.

The Plan creates a trust for unsecured creditors who are given the
right to pursue lawsuits.  Recoveries will be shared, with 70%
going to noteholders on their remaining claim of $14.3 million and
30% earmarked for other unsecured creditors.

On June 11, 2014, the U.S. Bankruptcy Court entered its Findings
of Fact, Conclusions of Law, and Order Confirming First Amended
Joint Chapter 11 Plan of Liquidation for the Debtors.

Wells Fargo Bank, National Association, as agent for a consortium
of DIP lenders, is represented by Jonathan N. Helfat, Esq., at
Otterbourg, Steindler, Houston & Rosen, P.C., in New York.

The Bank of New York Mellon as indenture trustee and collateral
agent for prepetition noteholders, is represented by James
Gadsden, Esq., at Carter, Ledyard & Milburn LLP, in New York.
Certain Noteholders are represented by Kristopher M. Hansen, Esq.,
at Stroock & Stroock & Lavan LLP, in New York.

The U.S. appointed a three-member official committee of
unsecured creditors represented by Farrell Fritz, P.C.
PricewaterhouseCoopers LLP serves as the Committee's
Financial advisors.

This is Metro Affiliates' third trip to Chapter 11.  The Company,
together with its subsidiaries, previously sought protection under
Chapter 11 of the Bankruptcy Code on Aug. 16, 2002 (In re Metro
Affiliates, Inc., Case No. 02-42560 (PCB), Bankr. S.D.N.Y.).  A
plan in the second Chapter 11 case was confirmed in September
2003.  The first bankruptcy was in 1994.


METRO AFFILIATES: Aug. 29 Supplemental Admin Claims Bar Date Set
----------------------------------------------------------------
The First Amended Joint Chapter 11 Plan of Liquidation for Metro
Affiliates, Inc. and its affiliated debtors, including Atlantic
Express Transportation Corp., became effective as of June 30,
2014.

Any Holder of a Claim for administrative expenses, as such term is
used in 11 U.S.C. Sec. 503(b), that arose on March 1, 2014 through
the Effective Date -- Supplemental Administrative Expense Claim --
against the Debtors must file a proof of claim no later than 5:00
p.m. (prevailing Eastern Time) on August 29, 2014.3

A proof of claim form is available at http://www.kccllc.net/metro.

Any proof of claim for the Supplemental Administrative Expense
Claim not filed within such time will be automatically disallowed,
forever barred from assertion, and shall not be enforceable
against the Debtors, the Estates, the Liquidating Trust, the
Liquidating Trustee and the Liquidating Trust Assets or their
respective property, without the need for any objection by any
party or further notice to, or action, order or approval of, the
Court.

Any Supplemental Administrative Expense Claim must be filed with
the Debtors' claims and noticing agent, Kurtzman Carson
Consultants, LLC.  Proofs of claim for Supplemental Administrative
Expense Claims must be actually received by KCC by 5:00 pm.
(prevailing Eastern Time) on August 29, 2014 and must be delivered
to KCC via first class mail, in person, by courier service or by
overnight delivery.

Facsimile and electronic submissions are not acceptable. In
addition, copies of the Confirmation Order and the Plan are
available (a) upon request to KCC by (i) calling (877) 726-6508;
(ii) visiting http://www.kccllc.net/metro;(iii) emailing
Metroinfo@kccllc.com; or (iv) writing to Metro Affiliates, Inc.,
c/o KCC, 2335 Alaska Avenue, El Segundo, CA 90245; and/or (b) for
a fee, via PACER, by visiting http://www.nysb.uscourts.gov

Pursuant to a Court order dated March 17, 2014, all Claims for
administrative expenses that arose prior to February 28, 2014 were
required to be filed on or prior to April 21, 2014 --
Administrative Bar Date.  Any Claims which were not filed by the
Administrative Bar Date are barred in accordance with that Order.

Meanwhile, all applications for final allowance of compensation
and reimbursement of Professional Fee Claims must be filed with
the Court on or before August 29, 2014, or such later date as may
be established by order of the Court.  All applications for final
allowance of compensation and reimbursement of Professional Fee
Claims shall be subject to the authorization and approval of the
Court.

Holders of Professional Fee Claims who do not file such an
application shall be (i) forever barred and estopped from
asserting such Professional Fee Claims against the Debtors, their
respective Estates, Assets or properties, and (ii) forever
enjoined commencing or continuing any action to collect, offset,
recoup or otherwise recover such Professional Fee Claims against
the Debtors, their respective Estates, Assets or properties.

Any Professional retained by the Debtors pursuant the Order
Authorizing the Retention, Employment and Compensation of Certain
Professionals Utilized in the Ordinary Course of Business, dated
December 3, 2013, need not file a final fee application unless it
has exceeded the OCP Case Cap.

                      About Metro Affiliates

Staten Island, New York-based Metro Affiliates, Inc., and its
subsidiaries sought protection under Chapter 11 of the Bankruptcy
Code on Nov. 4, 2013 (Bankr. S.D.N.Y. Case No. 13-13591).  The
case is assigned to Judge Sean Lane.  In its schedules, Metro
Affiliates disclosed $14,438,351 in total assets and $163,562,007
total liabilities.

Lisa G. Beckerman, Esq., and Rachel Ehrlich Albanese, Esq., at
Akin Gump Strauss Hauer & Feld LLP, in New York; and Scott L.
Alberino, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
Washington, D.C., represent the Debtors.  Silverman Shin & Byrne
PLLC serves as special counsel.  Rothschild Inc. serves as the
Debtors' investment banker, while Kurtzman Carson Consultants LLC
serves as their claims and noticing agent.

The Joint Chapter 11 Plan of Liquidation filed by Metro
Affiliates, Inc. and its debtor affiliates embodies a global
settlement among the Debtors, the Creditors Committee, Wells Fargo
and Wayzata for a fair allocation of the Debtors' remaining
assets.  Wayzata holds a substantial majority of the Debtors'
Notes.  Among other things, the Settlement provides that proceeds
of the Noteholders' Collateral will be used to pay certain
administrative expenses.

The Plan creates a trust for unsecured creditors who are given the
right to pursue lawsuits.  Recoveries will be shared, with 70%
going to noteholders on their remaining claim of $14.3 million and
30% earmarked for other unsecured creditors.

On June 11, 2014, the U.S. Bankruptcy Court entered its Findings
of Fact, Conclusions of Law, and Order Confirming First Amended
Joint Chapter 11 Plan of Liquidation for the Debtors.

Wells Fargo Bank, National Association, as agent for a consortium
of DIP lenders, is represented by Jonathan N. Helfat, Esq., at
Otterbourg, Steindler, Houston & Rosen, P.C., in New York.

The Bank of New York Mellon as indenture trustee and collateral
agent for prepetition noteholders, is represented by James
Gadsden, Esq., at Carter, Ledyard & Milburn LLP, in New York.
Certain Noteholders are represented by Kristopher M. Hansen, Esq.,
at Stroock & Stroock & Lavan LLP, in New York.

The U.S. appointed a three-member official committee of
unsecured creditors represented by Farrell Fritz, P.C.
PricewaterhouseCoopers LLP serves as the Committee's
Financial advisors.

This is Metro Affiliates' third trip to Chapter 11.  The Company,
together with its subsidiaries, previously sought protection under
Chapter 11 of the Bankruptcy Code on Aug. 16, 2002 (In re Metro
Affiliates, Inc., Case No. 02-42560 (PCB), Bankr. S.D.N.Y.).  A
plan in the second Chapter 11 case was confirmed in September
2003.  The first bankruptcy was in 1994.


MIG LLC: U.S. Trustee Appoints 3-Member Creditors Panel
-------------------------------------------------------
Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
five members to the official committee of unsecured creditors in
the Chapter 11 case of MIG LLC.

The Creditors Committee members are:

        1. Walter M. Grant
           605 Townsend Place
           Atlanta, GA 30327

        2. Paul N. Kiel
           321 Spring Willow Drive
           Sugar Hill, GA 30518

        3. Lawrence P. Klamon
           (contact person for Committee)
           2665 Dellwood Drive
           Atlanta, GA 30305

                         About MIG LLC

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

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

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

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

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

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


MIG LLC: Gets Interim Court OK to Tap Natalia Alexeeva as CRO
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware granted
MIG LLC, and affiliate ITC Cellular, LLC, interim authorization to
hire Natalia Alexeeva as their chief restructuring officer.

As CRO to the Debtors, Ms. Alexeeva will, among other things,
advice the board of directors on the formulation of strategy and
alternatives for strategic transaction opportunities, and analyze
possible or restructuring or liquidating plans for maximizing the
value of the Debtors.

The monthly fee of Ms. Alexeeva shall not exceed $20,000 on an
interim basis, the Court ruled.

The Court is set to convene a final hearing on the matter on
Aug. 18, 2014, at 3:00 p.m.

                          About MIG LLC

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

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

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

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

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

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


MOMENTIVE PERFORMANCE: Litigation Complicated by Doc Dispute
------------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that the make-whole
litigation between Momentive Performance Materials Inc. and
noteholders is complicated by disputes on document production.

According to the report, the indenture trustee representing
holders of first-lien notes complained about the production of
information, specifically telling U.S. Bankruptcy Judge Drain that
J.P. Morgan Securities LLC, the lead underwriter on the issuance,
has failed to produce "a single piece of paper" related to the
indenture in response to a subpoena for the production of
documents.

                   About Momentive Performance

Momentive Performance is one of the world's largest producers of
silicones and silicone derivatives, and is a global leader in the
development and manufacture of products derived from quartz and
specialty ceramics.  Momentive has a 70-year history, with its
origins as the Advanced Materials business of General Electric
Company.  In 2006, investment funds affiliated with Apollo Global
Management, LLC, acquired the company from GE.

As of Dec. 31, 2013, the Company had 4,500 employees worldwide, of
which 46% of the Company's employees are members of a labor union
or are represented by workers' councils that have collective
bargaining agreements.

Momentive Performance Materials Inc., Momentive Performance
Materials Holdings Inc., and their affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 14-22503) on April 14,
2014, with a deal with noteholders on a balance-sheet
restructuring.

As of Dec. 31, 2013, the Debtors had $4.114 billion of
consolidated outstanding indebtedness, including payments due
within the next 12 months and short-term borrowings.  The Debtors
said that the restructuring will eliminate $3 billion in debt.

The Debtors have tapped Willkie Farr & Gallagher LLP as bankruptcy
counsel with regard to the filing and prosecution of these chapter
11 cases; Sidley Austin LLP as special litigation counsel; Moelis
& Company LLC as financial advisor and investment banker;
AlixPartners, LLP as restructuring advisor; PricewaterhouseCoopers
as auditor; and Crowe Horwath LLP as benefit plan auditor.
Kurtzman Carson Consultants LLC is the notice and claims agent.

The U.S. Trustee for Region 2 appointed seven members to serve on
the Official Committee of Unsecured Creditors of the Debtors'
cases.   Klee, Tuchin, Bogdanoff & Stern LLP serves as its
counsel.  FTI Consulting, Inc., serves as its financial advisor.
Rust Consulting Omni Bankruptcy serves as its information agent.


MONTICELLO MOTEL: Case Summary & 5 Unsecured Creditors
------------------------------------------------------
Debtor: Monticello Motel, Inc.
           dba EconoLodge
        392 Broadway
        Monticello, NY 12701

Case No.: 14-36606

Chapter 11 Petition Date: August 6, 2014

Court: United States Bankruptcy Court
       Southern District of New York (Poughkeepsie)

Debtor's Counsel: Thomas Genova, Esq.
                  GENOVA & MALIN, ATTORNEYS
                  Hampton Business Center
                  1136 Route 9
                  Wappingers Falls, NY 12590-4332
                  Tel: (845) 298-1600
                  Fax: (845) 298-1265
                  Email: genmallaw@optonline.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Subhash P. Patel, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb14-36606.pdf


MOSS FAMILY: Owners Group Balks at LaPorte Bank Accord
------------------------------------------------------
Moss Family Limited Partnership, and Beachwalk, LP, on June 12,
2014, sought approval of the terms of a settlement with creditor
LaPorte Savings Bank, which among other things, seeks to convey
certain property in the Beachwalk Development to the Bank.  The
Debtors also have sought to encumber certain property in the
Beachwalk Development to raise funds to make the proposed cash
settlement payment.

Beachwalk Property Owners Association, Inc. filed a limited
objection to the Debtors' Motion.  The POA is the homeowners
association which serves property owners in the Beachwalk
Development.

The POA said the Debtors appear to be seeking to alter the
existing interest of the POA in certain property by either
conveying it outright to the Bank or encumbering it with new
mortgage liens.

The POA said its interest arises by virtue of the Debtors'
promises to convey the so-called Amenity Property, which the POA
has exclusively paid for and maintained for more than 20 years.
The Amenity Property primarily encompasses common area amenities
which exist for the benefit of Beachwalk homeowners and were
marketed and promised to them at the time they purchased homes in
the Beachwalk Development.

An adversary proceeding, case number no. 13-03065, is currently
pending to determine the validity and priority of the POA's
interest and to avoid liens on the property obtained by the
Bank as fraudulent transfers.

According to the POA, based on prior agreements with the Debtors,
the POA has a preexisting interest in 210 Beachwalk Lane, a key
part of the Amenity Property which the Debtors seek to encumber to
finance the settlement payment.  210 Beachwalk Lane encompasses
the Beachwalk Development's Town Center Parcel, which contains a
park area, tennis facilities, club house, swimming pool, and other
amenities exclusively maintained and paid for by the POA.

The POA said the papers filed by the Debtors in court don't
provide adequate description of the real estate involved.  The POA
believes that its interest in other parcels encompassing the
Amenity Property may be jeopardized as well.  The POA pointed out
that the Debtors propose to encumber "30 Cason Park Lots," but do
not specify lot numbers.  The POA alleged in its Adversary
Complaint that it has an interest in certain Amenity Property in
Cason Park, including a 0.5 acre eco-playground, a pier and splash
pad, green spaces, and the streets in the area.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed
Chapter 11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and
12-32541) on July 17, 2012.  Judge Harry C. Dees, Jr., presides
over the case.  Daniel Freeland, Esq., at Daniel L. Freeland &
Associates, P.C., represents the Debtors.  Moss Family disclosed
$6,609,576 in assets and $6,299,851 in liabilities as of the
Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MT GOX: U.S. Court Blocks Bitcoin Domain Name Auction
-----------------------------------------------------
Takashi Mochizuki, writing for The Wall Street Journal, reported
that a planned auction of bitcoins.com, a domain name owned by the
chief executive of defunct bitcoin exchange Mt. Gox, has been
postponed after a U.S. court order temporarily blocked the company
that operated the exchange from selling assets.  According to the
report, a district court in Washington state issued the injunction
against web-hosting company Tibanne in response to a request from
Seattle-based CoinLab, which has filed a suit in the U.S. against
Mt. Gox.

                           About Mt. Gox

Bitcoin exchange MtGox Co., Ltd., filed a petition under Chapter
15 of the U.S. Bankruptcy Code on March 9, 2014, days after the
company sought bankruptcy protection in Japan.  The bankruptcy in
Japan came after the bitcoin exchange lost 850,000 bitcoins valued
at about $475 million "disappeared."

The Japanese bitcoin exchange that halted trading in February
2014. It filed for bankruptcy protection in the U.S. to prevent
customers from targeting the cash it holds in U.S. bank accounts.

The Chapter 15 case is In re MtGox Co., Ltd., Case No. 14-31229
(Bankr. N.D. Tex.).  The Chapter 15 Petitioner is Robert Marie
Mark Karpeles, the company's chief executive officer.  Mr.
Karpeles is represented by John E. Mitchell, Esq., and David
William Parham, Esq., at Baker & Mcckenzie LLP, in Dallas, Texas.

The company said it has estimated assets of $10 million to $50
million and debts of $50 million to $100 million.


MT. GOX: Trustee Will Consider Returning Bitcoin Unconverted
------------------------------------------------------------
Takashi Mochizuki, writing for The Wall Street Journal, reported
that an official responsible for the assets of Mt. Gox told
creditors he would consider returning the bitcoin that remains
with the defunct exchange without converting it into regular
currencies, people who attended a closed meeting with creditors
said.  Some of those who had deposits with what was once the
world's largest bitcoin exchange welcomed the possibility of
keeping the virtual currency unconverted, avoiding a potential
drop in its value, but they also expressed their frustration with
a bankruptcy process they say is taking place with little
transparency, the report related.

                           About Mt. Gox

Bitcoin exchange MtGox Co., Ltd., filed a petition under Chapter
15 of the U.S. Bankruptcy Code on March 9, 2014, days after the
company sought bankruptcy protection in Japan.  The bankruptcy in
Japan came after the bitcoin exchange lost 850,000 bitcoins valued
at about $475 million "disappeared."

The Japanese bitcoin exchange that halted trading in February
2014. It filed for bankruptcy protection in the U.S. to prevent
customers from targeting the cash it holds in U.S. bank accounts.

The Chapter 15 case is In re MtGox Co., Ltd., Case No. 14-31229
(Bankr. N.D. Tex.).  The Chapter 15 Petitioner is Robert Marie
Mark Karpeles, the company's chief executive officer.  Mr.
Karpeles is represented by John E. Mitchell, Esq., and David
William Parham, Esq., at Baker & Mcckenzie LLP, in Dallas, Texas.

The company said it has estimated assets of $10 million to $50
million and debts of $50 million to $100 million.


MUSCLEPHARM CORP: Posts $400,000 Net Income in Second Quarter
-------------------------------------------------------------
MusclePharm Corporation reported net income of $408,328 on $46.73
million of net sales for the three months ended June 30, 2014, as
compared ith a net loss of $2.42 million on $25.48 million of net
sales for the same period in 2013.

For the six months ended June 30, 30, 2014, the Company reported
net income of $3.14 million on $96.94 million of net sales as
compared with a net loss of $9.78 million on $48.04 million of net
sales for the same period last year.

As of June 30, 2014, the Company had $66.93 million in total
assets, $28.83 million in total liabilities and $38.09 million in
total stockholders' equity.

"MusclePharm's solid second-quarter results are a testament to the
strength of the company's brands in what has historically been a
challenging quarter," said Brad Pyatt, MusclePharm's chairman and
chief executive officer.  "As MusclePharm gains further traction
both domestically and internationally, we remain focused on
driving the strength of our brands, while enhancing our leadership
position."

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

                         http://is.gd/vC48E4

                         About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm reported a net loss after taxes of $17.71 million in
2013, as compared with a net loss after taxes of $18.95 million in
2012.


NORTHLAND RESOURCES: Units' Creditors Support Reorganization Plan
-----------------------------------------------------------------
Northland Resources S.A. on Aug. 4 disclosed that the creditors
for the Company's subsidiaries in reorganization support the
preliminary reorganization plan that was presented at today's
creditors meeting at the Lulea District Court.  The reorganization
will therefore continue.

At the creditors' meeting that was held on Aug. 4 as a part of the
reorganization for the Company's subsidiaries, the preliminary
reorganization plan was presented by the appointed administrator,
Lars Soederqvist.  The creditors were entitled to express their
opinion regarding whether or not the reorganization should
proceed.

As the creditors showed its support at the meeting, the District
Court determined that the reorganization should proceed in
accordance with the preliminary reorganization plan.

As announced on July 14, 2014, the Swedish Subsidiaries, Northland
Sweden AB, Northland Resources AB (publ), and Northland Logistics
AB has filed for and entered into a reorganization in accordance
with the District Court's decision.

                         About Northland

Headquartered in Luxembourg, Northland Resources S.A. is a
producer of iron ore concentrate, with a portfolio of production,
development and exploration mines and projects in northern Sweden
and Finland.  The first construction phase of the Kaunisvaara
project is complete and production ramp-up started in November
2012.  The Company expects to produce high-grade, high-quality
magnetite iron concentrate in Kaunisvaara, Sweden, where the
Company expects to exploit two magnetite iron ore deposits,
Tapuli and Sahavaara.  Northland has entered into off-take
contracts with three partners for the entire production from the
Kaunisvaara project over the next seven to ten years.  The
Company is also preparing a Definitive Feasibility Study for its
Hannukainen Iron Oxide Copper Gold project in Kolari, northern
Finland and for the Pellivuoma deposit, which is located 15 km
from the Kaunisvaara processing plant.


NEW YORK SKYLINE: ESB's Bid to Restore Injunction Denied
--------------------------------------------------------
In the case, NEW YORK SKYLINE, INC., Appellant, v. EMPIRE STATE
BUILDING COMPANY L.L.C., EMPIRE STATE BUILDING, INC. and EMPIRE
STATE BUILDING ASSOCIATES, L.L.C., Appellees, No. 13-CV-7686
(S.D.N.Y.), District Judge Shira A. Scheindlin on June 16, 2014,
issued an Opinion and Order which vacated an Order and Final
Judgment issued by Judge Stuart Bernstein and remanded the case
for further proceedings.  The Judgment was entered in an adversary
proceeding involving a former debtor, New York Skyline, and ESB.
Skyline is ESB's tenant and licensee under a Lease and License
entered into in 1993 and assumed by Skyline in the early stages of
its chapter 11 bankruptcy case.  The Judgment enjoined Skyline
from engaging in certain activities, including paying commissions
to independent contractors working within specific areas outside
the Empire State Building and selling particular items in the
Building's gift shop.

On July 7, 2013, ESB filed an appeal from the Opinion.  ESB now
moves pursuant to Rule 62(c) and (g) of the Federal Rules of Civil
Procedure for an injunction or stay of the vacatur of the
Judgment, and restoration of the Injunctions, pending the appeal.
ESB argues that where "there are undecided issues relating to the
propriety of injunctive relief, the injunction should remain in
effect pending remand and further review."  ESB contends that
relevant issues remain undecided because the Opinion "remanded the
case for the Bankruptcy Court to determine, inter alia, the
underlying issue of whether any of the claims on which it had
ruled were core."

Skyline argues, among other things, that restoration of the
Injunctions will result in substantial injury because it lost
approximately 30% of its revenue from ticket sales and
approximately $2.25 million in profit on an annual basis while the
Injunctions were in place.  In addition, the issuance of a stay
would require Skyline to terminate the 20 independent contractors
it retained following the District Court's vacatur of the Judgment
and the Injunctions.

Oral argument was held on the motion on July 24.

In an Aug. 1 Opinion and Order available at http://is.gd/yIUmWH
from Leagle.com, Judge Scheindlin denied ESB's request.  "Having
weighed each of the factors relevant to the issuance of an
injunction or a stay pending appeal, I conclude that because there
is little likelihood that ESB will prevail on the merits, neither
a stay nor an injunction is warranted despite the possibility that
ESB could suffer injury to its reputation and good will. In short,
there is no basis to preserve the 'status quo' created by the
invalid Judgment and Injunctions," the judge said.

Skyline is represented by:

     James Wilson Perkins, Esq.
     Greenberg Traurig, LLP
     MetLife Building
     200 Park Avenue
     New York, NY 10166
     Tel: 212-801-9200
     Fax: 212-801-6400
     E-mail: perkinsj@gtlaw.com

          - and -

     Charles Addison Stewart, III, Esq.
     Elin M. Frey, Esq.
     STEWART OCCHIPINTI, LLP
     One Exchange Plaza
     55 Broadway, Suite 1501
     New York, NY 10006
     Tel: (212) 239-5500
     Fax: (212) 239-7030
     E-mail: cstewart@somlaw.com

          - and -

     Howard J. Berman, Esq.
     ELLENOFF GROSSMAN & SCHOLE LLP
     1345 Avenue of the Americas
     New York, NY 10105
     Tel: 212 370 1300
     Fax: 212 370 7889
     Cell: (646) 715-8055
     E-mail: hberman@egsllp.com

ESB is represented by:

     David Scott Tannenbaum, Esq.
     Francine Nisim, Esq.
     Karen S. Frieman, Esq.
     STERN, TANNENBAUM & BELL, L.L.P.
     380 Lexington Avenue
     New York, NY 10168
     Tel: 212-792-8485
     E-mail: dtannenbaum@sterntannenbaum.com
             fnisim@sterntannenbaum.com
             kfrieman@sterntannenbaum.com

          - and -

     William Heuer, Esq.
     DUANE MORRIS LLP
     1540 Broadway
     New York, NY 10036-4086
     Tel: 212-692-1070
     Fax: 212-208-4521
     E-mail: wheuer@duanemorris.com

Manhattan-based New York Skyline, Inc. -- http://www.skyride.com/
-- operates the NYSKYRIDE attraction at the Empire State building.
The Company sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
09-10181) on Jan. 12, 2009.  Mark A. Frankel, Esq., at Backenroth
Frankel & Krinsky, LLP, assists the company in its restructuring
efforts.  The Company estimated its assets and debts between
$10 million and $50 million at the time of the filing.


NEWLEAD HOLDINGS: Had $10.7MM Outstanding Common Shares at Aug. 1
-----------------------------------------------------------------
NewLead Holdings Ltd. disclosed with the U.S. Securities and
Exchange Commission that Ironridge Global IV, Ltd., requested an
additional 235,876 shares of NewLead Holdings Ltd. on July 21,
2014.  As of Aug. 1, 2014, Ironridge has requested or received
approximately 6.1 million shares, 2 million of which have been
requested but not issued.

As of Aug. 1, 2014, the Company had approximately 10.7 million
shares outstanding.

A list of the transactions is available for free at:

                        http://is.gd/MiWfad

                     About NewLead Holdings Ltd.

Based in Athina, Greece, NewLead Holdings Ltd. --
http://www.newleadholdings.com/-- is an international, vertically
integrated shipping company that owns and manages product tankers
and dry bulk vessels.  NewLead currently controls 22 vessels,
including six double-hull product tankers and 16 dry bulk vessels
of which two are newbuildings.  NewLead's common shares are traded
under the symbol "NEWL" on the NASDAQ Global Select Market.

NewLead Holdings reported a net loss of $158.22 million on $7.34
million of operating revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $403.92 million on $8.92 million of
operating revenues in 2012.  The Company's balance sheet at
Dec. 31, 2013, showed $151.33 million in total assets, $292.68
million in total liabilities and a $141.34 million total
shareholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred a net loss, negative operating cash
flows, a working capital deficiency, and shareholders' deficiency
and has defaulted under its credit facility agreements.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


NUBISIO INCORPORATED: Case Summary & 11 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Nubisio Incorporated
        11111 Sunset Hills Road, Suite 130
        Reston, VA 20190

Case No.: 14-11881

Chapter 11 Petition Date: August 6, 2014

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: Ronald S. Gellert, Esq.
                  GELLERT SCALI BUSENKELL & BROWN, LLC
                  913 N. Market Street, 10th Floor
                  Wilmington, DE 19801
                  Tel: 302.425.5800
                  Fax: 302.425.5814
                  Email: rgellert@gsbblaw.com

Debtor's          GAVIN/SOLMONESE LLC
Financial
Advisory,
Brokerage or
Investment
Banking
Services
Provider:

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yousif Abood, chief executive officer.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/deb14-11881.pdf


NUVILEX INC: Incurs $27.2 Million Net Loss in Fiscal 2014
---------------------------------------------------------
Nuvilex, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$27.25 million on $0 of total revenue for the year ended April 30,
2014, as compared with a net loss of $1.59 million on $12,160 of
total revenue in 2013.

As of April 30, 2014, the Company had $9.31 million in total
assets, $373,666 in total liabilities and $8.94 million in total
stockholders' equity.

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

                         http://is.gd/yXFsMu

                          About Nuvilex Inc.

Silver Spring, Md.-based Nuvilex, Inc.'s current strategy is to
focus on developing and marketing products designed to improve the
health and well-being of those who use them.


OLDE PROVINCE: Case Summary & 7 Unsecured Creditors
---------------------------------------------------
Debtor: Olde Province Commons, LLC
        PO Box 610
        Gilmanton, NH 03237-0610

Case No.: 14-11562

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       District of New Hampshire (Manchester)

Debtor's Counsel: Steven M. Notinger, Esq.
                  CLEVELAND WATERS AND BASS, P.A.
                  Two Capital Plaza, 5th Floor
                  PO Box 1137
                  Concord, NH 03302
                  Tel: 603-224-7761
                  Fax: 603-224-6457
                  Email: notingers@cwbpa.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas Farley, sole member and
shareholder.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/nhb14-11562.pdf


OMNICOMM SYSTEMS: Stockholders Elected Five Directors
-----------------------------------------------------
OmniComm Systems, Inc., held its annual meeting of stockholders in
Ft. Lauderdale, Florida on July 31, 2014, at which the
stockholders:

   1. elected Randall G. Smith, Cornelis F. Wit, Robert C.
      Schweitzer, Dr. Adam F. Cohen and Dr. Gary A. Shangold to
      the Board of Directors to serve for one-year terms or until
      their successors will be elected and qualified;

   2. ratified the appointment of Liggett, Vogt & Webb P.A.,
      formerly known as Webb & Company, P.A., as the Company's
      independent registered public accounting firm for the fiscal
      year ending Dec. 31, 2014; and

   3. approved on a nonbinding advisory basis the compensation of
      the Company's executives.

                      About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm Systems reported a net loss attributable to common
stockholders of $3.36 million in 2013, following a net loss
attributable to common stockholders of $8.06 million in 2012.
The Company's balance sheet at March 31, 2014, showed $4.92
million in total assets, $37.88 million in total liabilities and a
$32.95 million total shareholders' deficit.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has experienced net losses and
negative cash flows from operations and has utilized debt and
equity financing to help provide working capital, capital
expenditure and R&D needs.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


OVERLAND STORAGE: Settles Patent Suit Against BDT Media
-------------------------------------------------------
Overland Storage, Inc., said it has settled all claims in its
patent infringement litigation filed against BDT Media Automation
GmbH.  As part of the settlement agreement, Overland Storage has
entered into a patent cross-license agreement with BDT Media
Automation GmbH and a strategic investment in Overland Storage by
BDT.

The settlement and cross-license agreement effectively concludes
Overland Storage's 2012 lawsuit filed in the U.S. District Court
for the Southern District of California, and with the United
Stated International Trade Commission, against BDT AG; BDT
Products, Inc.; BDT-Solutions GmbH & Co. KG; BDT Automation
Technology (Zhuhai FTZ) Co., Ltd.; and BDT de Mexico, S. de R.L.
de C.V.  The litigation pertained to partitioning media elements
and the "mail slot" feature in automated media devices.  In
addition, Overland Storage agreed to dismiss with prejudice Case
Number 12-cv-1598-JLS brought by Overland against PivotStor, LLC.

"We are pleased that we are able to settle the litigation and move
forward as partners," said Eric Kelly, CEO of Overland.  "We can
now focus on growing our market position in the tape and
automation segment in collaboration with BDT and provide even
greater choice for our customers."

                       About Overland Storage

San Diego, Cal.-based Overland Storage, Inc. (Nasdaq: OVRL) --
http://www.overlandstorage.com/-- is a global provider of unified
data management and data protection solutions designed to enable
small and medium enterprises (SMEs), corporate departments and
small and medium businesses (SMBs) to anticipate and respond to
change.

Overland Storage incurred a net loss of $19.64 million on $48.02
million of net revenue for the fiscal year ended June 30, 2013, as
compared with a net loss of $16.16 million on $59.63 million of
net revenue during the prior fiscal year.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2013, citing recurring losses and negative
operating cash flows which raise substantial doubt about the
Company's ability to continue as a going concern.


OVERSEAS SHIPHOLDING: Completes Restructuring, Exits Chapter 11
---------------------------------------------------------------
Overseas Shipholding Group, Inc. on Aug. 5 disclosed that it has
emerged from Chapter 11 as a newly reorganized company.  OSG
emerges with a strong balance sheet, focused strategy and solid
customer base.

"[Tues]day marks the start of a new beginning for our company,"
said Captain Bob Johnston, President and Chief Executive Officer
of OSG.  "We are completing this process having resolved the
issues that led to our decision to seek Chapter 11 protection.  I
want to thank our extraordinary employees, both at sea and ashore,
who have been vital to our successful restructuring.  We also
appreciate the continued support of our valued partners, suppliers
and customers who have been critical to our success throughout
this process and whom we look forward to continue working with
into the future."

John Ray, OSG's post-confirmation Chairman of the Board added,
"Through our financial and operational restructuring, we have
focused on creating a competitive structure to allow us
considerable flexibility to grow the business while continuing to
provide our customers with the high-quality service that they
expect."

Under the terms of the confirmed Amended Plan of Reorganization,
senior lenders were paid in full, and all allowed administrative
claims and certain other allowed secured and unsecured claims are
paid in full or unimpaired.

On Aug. 5, the Company successfully closed on its Exit Financing
agreement, led by Jefferies Finance LLC, which consists of two
term loan facilities and two revolving loan facilities, totaling
$1.35 billion.  The term financing funded cash payment of
obligations under the terms of the Plan and the revolvers provide
additional liquidity to fund operations post-emergence.

The Company expects to apply to list its Class B common stock on
the New York Stock Exchange and anticipates that the Class A
common stock and both the Class A warrants and Class B warrants
will be quoted in the over-the-counter market.  The Company plans
to issue a press release when trading in these markets has
commenced.  In addition, the Company has entered into a
registration rights agreement with certain commitment parties in
connection with their holdings of Class A common stock and Class A
warrants, and plans to file a registration statement in connection
with its obligations thereunder.

OSG filed for bankruptcy protection in November 2012 in the U.S.
Bankruptcy Court for the District of Delaware.  The Bankruptcy
Court confirmed OSG's final Amended Plan of Reorganization on
July 18, 2014, and the appeal period expired on August 1, 2014.

Additional information regarding OSG's Plan of Reorganization and
its Chapter 11 proceedings may be found at http://www.osg.comthe
Company's website.  Cleary Gottlieb Steen & Hamilton LLP and
Morris Nichols Arsht & Tunnell LLP are serving as legal advisors.
Chilmark Partners LLC is serving as the Company's financial
advisor and Greylock Partners LLC is serving as its restructuring
advisor.
.
                   About Overseas Shipholding

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

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

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

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

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

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

Judge Walsh signed on July 18, 2014, a findings of fact,
conclusions of law, and order confirming the First Amended Joint
Plan of Reorganization of OSG and its debtor-affiliates.

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

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


PERRY ELLIS: Said To Be Prepping For A Sale
-------------------------------------------
Richard Collings, writing for The Deal, reported that Perry Ellis
International Inc., the Miami-based apparel group, is likely being
prepped for a sale by the controlling Feldenkreis family,
according to two sources familiar with the situation.  According
to the report, a source said that selling the business is not a
workable strategy, as the company would only get a fraction of the
price it initially paid for the businesses in some cases.  That
would result in a steep writedown on the assets that would be
difficult to manage, particularly as a publicly held company, The
Deal said, citing the source.

                        *     *     *

The Troubled Company Reporter, on May 5, 2014, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Miami-based apparel company Perry Ellis International
Inc. to 'B' from 'B+'.  The outlook is stable.


PHILADELPHIA ENTERTAINMENT: Confirms Chapter 11 Liquidating Plan
----------------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that the bankruptcy court in
Philadelphia on July 28 confirmed Philadelphia Entertainment &
Development Partners LP's Chapter 11 plan of liquidation after the
two classes entitled to vote -- one comprising of secured claims
of pre-bankruptcy lender RBS Citizens NA and the other of general
unsecured claims -- accepted the plan by the requisite majorities.

                 About Philadelphia Entertainment

Philadelphia Entertainment and Development Partners, L.P., filed a
Chapter 11 bankruptcy petition (Bankr. E.D. Pa. Case No. 14-12482)
on March 31, 2014.  Brian R. Ford signed the petition as
authorized signatory.  The Debtor estimated assets of at least $10
million and liabilities of at least $50 million.  DLA Piper LLP
(US) serves as the Debtor's counsel.  Judge Magdeline D. Coleman
oversees the case.


PITTSBURGH CORNING: To Pay Tennessee Gas Pipeline Claim in Full
---------------------------------------------------------------
Pittsburgh Corning Corporation asks the Bankruptcy Court to
approve a Stipulation and Agreed Order regarding the claim of
Tennessee Gas Pipeline Company.

As of the Petition Date, the Debtor and TGP were parties to
certain executory contracts.  The Debtor owed TGP $70,719.67 for
amounts due under those contracts.

Pursuant to the Debtor's Plan of Reorganization, the Debtor will
assume the executory contracts with TGP once the order confirming
the Plan becomes final.  The Plan provided that the cure amount
was presumptively zero.

TGP did not object to the Plan or the proposed cure amount.  TGP
asserts that it did not receive proper notice of the proposed
assumption. The Debtor believes that proper notice was given.

Under the Debtor's Plan, unsecured creditors will receive payment
of 90% of their allowed claims.  The Debtor has not objected to
TGP's claim.

The Debtor and TGP agree that once the order confirming the Plan
becomes final, TGP's claim will be paid in full as a cure payment
for the assumed executory contract.

Counsel to the Debtor said the deal will enable the Debtor to
avoid incurring litigation costs, and the risk of an adverse
decision.  As the increase in the payment to TGP will only be
about $7,000, the Debtor believes that it would cost more to
litigate than to settle this claim.

The Debtor is represented by:

     David Ziegler, Esq.
     REED SMITH LLP
     225 Fifth Avenue
     Pittsburgh, PA 15222-2716
     Tel: 412 288-3026
     E-mail: dziegler@reedsmith.com

                    About Pittsburgh Corning

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

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

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

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

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

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

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

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

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


PLYMOUTH OIL: Court Orders Chapter 7 Liquidation
------------------------------------------------
Bankruptcy Judge Thad J. Collins granted the request of Plymouth
Energy, LLC, to convert the Chapter 11 case of Plymouth Oil, LLC
to Chapter 7.

Creditor Prairie Sun Foods, LLC joined the motion and additionally
moved for dismissal of the case.

Creditor Iowa Prairie Bank, the Unsecured Creditors' Committee,
and the Debtor all objected to conversion.  The Bank argued that
conversion would interrupt a pending Sec. 363 sale of the "Mill
Property" -- their collateral -- and result in the property
selling for a lower price.

The Committee voted 2 to 1 against conversion and argued that the
best chance for a recovery to unsecured creditors was in Chapter
11.  The United States Trustee filed a response, deferring to the
Committee's opinion about what would be best for creditors. The
United States Trustee did note however, that if the Debtor stays
in Chapter 11, it must comply with the reporting and fee
requirements.

The Debtor argued that conversion would depress the Sec. 363 sale
value of the Mill Property, and also promised to file outstanding
reports and pay any outstanding fees.  The Debtor also asserts
that the pending litigation between the Debtor and Energy will
bring approximately $1.9 million to the estate and allow the
Debtor to pay creditors.  The Debtor asserts that, if the case is
converted, the Chapter 7 trustee will likely abandon the lawsuit,
resulting in no recovery for many creditors.  The Debtor also
asserts that conversion to Chapter 7 will result in even more
fees.

Energy responds that the litigation between the parties is ongoing
and that the hope of prevailing is not enough to defeat cause for
conversion.

The Court held a hearing on the Motion to Convert on April 15,
2014.  After hearing the parties' arguments about the Sec. 363
sale of the Mill Property, the Court deferred its ruling until
after the sale.  The Sec. 363 sale was completed on June 13, 2014.
The Court then delayed ruling so that the parties could discuss
settlement.  On July 17, 2014, the parties informed the Court that
they would like the Court to rule on the Motion.

In deciding to convert the case, Judge Collins finds that there is
substantial and continuing loss or diminution of the Debtor's
estate.  The Debtor no longer has a plant or mill to do business
and the monthly reports show no income.  The Debtor operating
account has decreased to a mere $65 as of the February operating
report.  Meanwhile, attorney's fees and bankruptcy fees continue
to increase.

A copy of the Court's August 1, 2014 Memorandum and Order is
available at http://is.gd/9aIAwYfrom Leagle.com.

                          About Plymouth Oil

Plymouth Oil Company, LLC, filed a bare-bones Chapter 11 petition
(Bankr. N.D. Iowa Case No. 12-01403) in Sioux City on July 23,
2012.  In its amended schedules, the Debtor disclosed $21,623,349
in total assets and $12,891,586 in total liabilities.

Plymouth Oil -- http://www.plymouthoil.com-- owned a $30 million
extraction plant located at 22058 K-42 Merrill, Iowa, directly
across from the new Plymouth Energy Ethanol Plant.

Founded by local investors, Plymouth Oil Company, started
operations in February 2010 purchasing raw corn germ and refining
this material into de-oiled germ meal and kosher food-grade
cooking oil.  The plant was capable of pumping out 90 tons of corn
oil each day and about 300 tons of DCGM (defatted corn germ meal)
daily, which is used for hog, poultry and dairy feed.  The plant
was later shut down.

Bankruptcy Judge Thad J. Collins presides over the case.  Bradley
R. Kruse, Esq., and Adam J. Freed, Esq., at Brown, Winick, Graves,
Gross, Baskerville and Schoenebaum, P.L.C., represent the Debtor
as counsel.  The petition was signed by David P. Hoffman,
president.

Secured creditors Arlon Sandbulte, Ryan Lake, Dirk Dorn, Steven
Vande Brake, and Iowa Corn Opportunities, LLC, are represented by
lawyers at Baird Holm LLP in Omaha, Nebraska.

On Oct. 28, 2013, the Bankruptcy Court denied confirmation of
the Debtor's Chapter 11 plan and allowed secured lenders owed
$8.3 million on a bridge loan to foreclose.  A copy of the Plan
is available at http://bankrupt.com/misc/plymouthoil.doc120.pdf


PRECISION FINISHING: AP Unit Takes Part in Debt & Equity Purchase
-----------------------------------------------------------------
An affiliate of Atlas Partners has participated in a venture,
which purchased the debt and equity of Precision Finishing, in
order to facilitate restructuring of the company's manufacturing
operations in Dayton, Ohio.

Special Opportunity Value Fund, LP also participated in this
transaction.

                      About Atlas Partners

Atlas Partners -- http://www.atlaspartners.com/-- is a real
estate consulting company specializing in process management.  The
company was created specifically to address the commercial real
estate issues faced by private equity sponsors, asset-based
lenders, turnaround management consultants, bankruptcy and
workout attorneys and corporations with real estate needs.


PREMIER PAVING: Defaulted Under GE Capital Settlement
-----------------------------------------------------
General Electric Capital Corporation asks Bankruptcy Judge Michael
E. Romero to enforce a Settlement Agreement with Premier Paving,
Inc.

Counsel to GE Capital recounted that on February 17, 2011, GE
Capital filed suit in Denver District Court against Premier Paving
seeking amounts due under certain lease agreements and guaranties
as well as other relief.  The Debtor sought Chapter 11 the
following year.

On July 3, 2013, GE Capital and the Debtor executed a Settlement
Agreement to resolve their disputes.  The Debtor agreed to, among
other things, pay GE Capital $36,400 in three equal installments
of $12,133.  The Agreement became effective on August 5, 2013,
when the Bankruptcy Court gave its approval.

GE Capital contends the Debtor has failed to make the required
payments under the Settlement.  The Debtor made the first
installment payment to GE Capital, but failed to make the second
or third installment payments.  The Debtor has failed to provide
any documentation showing that it sent either the second or the
third payment.  GE Capital said the Debtor is now in default under
the terms and conditions of the deal.  GE Capital wants the Debtor
to pay the $24,266.66 still owed under the deal.

GE Capital is represented by:

     SNELL & WILMER L.L.P.
     Brian P. Gaffney, Esq.
     1200 Seventeenth Street, Suite 1900
     Denver, CO 80202
     Tel: (303) 634-2000
     Fax: (303) 634-2020
     E-mail: bgaffney@swlaw.com

                       About Premier Paving

Headquartered in Denver, Colorado Premier Paving Inc. --
http://www.premierpavinginc.com/-- operates a full-service
highway construction company, which services include paving,
grading and milling, geo-textiles, trucking, traffic control and
quality control.  Premier Paving also owns and operates an asphalt
plant.

Premier Paving filed for Chapter 11 bankruptcy (Bankr. D. Colo.
Case No. 12-16445) on April 2, 2012.  Judge Michael E. Romero
presides over the case.  In its petition, the Debtor estimated up
to $50 million in assets and debts.  The petition was signed by
David Goold, treasurer.

Lee M. Kutner, Esq., at Kutner Miller Brinen, P.C., serves as the
Debtor's counsel.  Pinnacle Real Estate Advisors LLC provides
professional broker services related to the sale of certain of the
Debtor's real estate assets.  The Official Unsecured Creditors
Committee is represented by J. Brian Fletcher, Esq., at Onsager,
Staelin & Guyerson, LLC.


PRESTIGE NISSAN: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Prestige Nissan, Inc.
        4442 Thomasville Road
        Tallahassee, FL 32309

Case No.: 14-40446

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Northern District of Florida (Tallahassee)

Debtor's Counsel: Allen Turnage, Esq.
                  ALLEN TURNAGE, P.A.
                  P.O. Box 15219
                  2344 Centerville Road, Suite 101
                  Tallahassee, FL 32317
                  Tel: 850-224-3231
                  Fax: (850)224-2535
                  Email: service@turnagelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Colby Hornsby, president.

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


PSL-NORTH AMERICA: Gets Bankruptcy Financing Final Approval
-----------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that PSL-North America LLC,
a producer of large-diameter pipe for the water and gas-
transmission industries, received final approval from U.S.
Bankruptcy Judge Peter Walsh in Delaware to borrow as much as
$11.5 million from pre-bankruptcy lender ICICI Bank Limited on a
final basis.

According to the report, PSL will also be able to use cash
representing collateral for the secured claims of ICICI, owed
about $77.6 million as of the bankruptcy filing.  To resolve an
objection by pre-bankruptcy lender Standard Chartered Bank, so-
called stalking horse Jindal Tubular USA LLC has agreed to
increase the cash component of its offer by $4 million to $104
million, the report said, citing the court order.

                    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.


ROXWELL PERFORMANCE: Tiger Group to Auction Assets on Aug. 13
-------------------------------------------------------------
By order of the U.S. Bankruptcy Court, Tiger Group's Remarketing
Services Division, PPL Group and RealestateAuctions.com are
auctioning machine tools, rolling stock and support equipment, as
well as land and a warehouse/machine shop building from oil field
drilling tool company RoxWell Performance Drilling LLC.

Bidding in the online-only sale of the company's machining and
turning centers, coiled tubing and tool parts, rolling stock,
office furnishings and other equipment will open August 7 at
bidspotter.com, and will close in rapid succession, on August 14
at 10:30 a.m. (CT).  The assets will be available for inspection
at the company's site at 9604 West Country Rd. 152 in Midland on
August 13, from 9:00 a.m. to 4:00 p.m. (CT).

The live auction of the company's real estate will get under way
at 11:00 a.m. (CT) on August 13 at the Midland site.  Interested
parties can preview the real estate assets on August 6, from
11:00 a.m. to 1:00 p.m. (CT).

"Consolidated from two facilities, the RoxWell assets should
appeal to a wide range of buyers.  The sale includes everything
from downhole drilling tools and the manufacturing equipment that
machined them to RoxWell's manufacturing facility," said Jeff
Tanenbaum, president of Tiger Remarketing Services.

Machine tools being auctioned include CNC machinery consisting of
CNC vertical machining and turning centers, a CNC chucker and Jaw
chucks.  Rolling stock and support equipment up for bid include
Ford Super Duty pickups, a Big Tex Trailer, a 2011 Ford Taurus,
kerosene heaters, lathes, mills, general plant equipment, and
power and manual hand tools. Coiled tubing and tool parts for sale
include overshots, overshot extensions and guides, mills, and tool
racks. Office furnishings and equipment up for bid include
computers, laptops, printers, monitors, desks, a refrigerator, and
a microwave.

The real property being offered consists of an approximate 7,100-
square-foot building with 6,600 square feet of warehouse/machine
shop space and an office area on 2.02 acres of land.  The site,
which also includes a 200-square-foot metal storage building, is
located about 10 minutes south of the Midland International
Airport.  Ideal for a machine shop or small warehouse facility,
the building includes three separate bays and two roll up doors
with ground level access.

For a full description of all assets being auctioned and details
on how to bid, visit: www.SoldTiger.com

RoxWell Performance Drilling LLC voluntarily filed for Chapter 11
Bankruptcy Protection in November 2013 in Texas Northern
Bankruptcy Court (case number 5:13-bk-50301).


REALOGY HOLDINGS: Posts $69 Million Net Income in Second Quarter
----------------------------------------------------------------
Realogy Holdings Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to the Company of $68 million on $1.51 billion of net
revenues for the three months ended June 30, 2014, as compared
with net income attributable to the Company of $84 million on
$1.53 billion of net revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported net
income attributable to the Company of $22 million on $2.51 billion
of net revenue as compared with net income attributable to the
Company of $9 million on $2.49 billion of net revenues for the six
months ended June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $7.44 billion
in total assets, $5.38 billion in total liabilities and $2.05
billion in total equity.

"With our recently announced agreement to acquire ZipRealty, we
seized upon an exceptional opportunity to further drive growth in
our brokerage operations and undertake a significant technology
upgrade across our franchise systems," said Richard A. Smith,
Realogy's chairman, chief executive officer and president.  "For
the second quarter, we are pleased to report that we outperformed
the high end of our previously announced guidance range by
achieving homesale transaction volume gains of 3% for the quarter
on a combined basis between our company-owned brokerages and
franchise business segments.  While price was the principal reason
for the overall volume increase, better-than-expected sides
comparisons also drove the better-than-expected performance."

The Company ended the quarter with a cash and cash equivalents
balance of $209 million and no outstanding borrowings under its
revolving credit facility under its senior secured credit
agreement.  Total long-term corporate debt, including the short
term portion, net of cash and cash equivalents totaled $3.7
billion at June 30, 2014.

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

                         http://is.gd/J6vSL8

                      About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


REVEL AC: Can Pay Bonuses to Key Managers If Sale Achieved
----------------------------------------------------------
Sherri Toub, substituting for Bill Rochelle, the bankruptcy
columnist for Bloomberg News, reports that Revel casino in
Atlantic City, New Jersey, got approval to pay sale bonuses to key
managers after changes were made to satisfy the creditors'
committee.  According to the report, bonuses under the plan will
be based on achieving various levels of cash and so-called credit
bid consideration in the sale.  The bonus pool would top out at
$1.75 million, the report said, citing court papers.

                           About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and
operates Revel, a Las Vegas-style, beachfront entertainment resort
and casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J., Lead Case No. 14-22654) on June 19,
2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-
16253) on March 25, 2013, with a prepackaged plan that reduced
debt by $1.25 billion.  Less than two months later on May 15,
2013, the 2013 Plan was confirmed and became effective on May 21,
2013.


RIVER CITY RENAISSANCE: Section 341(a) Meeting Set on Sept. 18
--------------------------------------------------------------
A meeting of creditors in the bankruptcy case of River City
Renaissance, LC, will be held on Sept. 18, 2014, at 3:00 p.m. at
Office of the U.S. Trustee, 701 East Broad St., Suite 4300, in
Richmond, Virginia.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

River City Renaissance, LC, and River City Renaissance III, LC,
sought Chapter 11 protection (Bankr. E.D. Va. Case Nos. 14-34080
and 14-34081) in Richmond, Virginia, on July 30, 2014.  The cases
are assigned to Judge Keith L. Phillips.  Richmond, Virginia-based
River City Renaissance estimated $10 million to $50 million in
assets and debts.  Renaissance III estimated less than $10 million
in assets and debts.  The Debtors have tapped Spotts Fain PC as
counsel.


SALEM COMMUNICATIONS: S&P Revises Outlook on 'B' Rating to Pos.
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its 'B' rating outlook
on Camarillo, Calif.-based radio broadcasting company Salem
Communications Corp. to positive from stable.

At the same time, S&P affirmed all existing ratings on the
company.

The outlook revision to positive reflects the potential for an
upgrade to 'B+' over the coming 12 months if the company's revenue
and EBITDA continue to grow at a slow and steady rate resulting in
adjusted leverage below S&P's 5x target for an upgrade.  S&P's
outlook revision also reflects its expectation that the company
will continue operate with a financial policy consistent with
modest deleveraging despite the recent hiring of a few new
executives.  While the company has recently pursued tuck in
acquisitions, S&P's outlook revision assumes the company will not
pursue meaningful debt-financed acquisitions over the near term.

Factors supporting S&P's assessment of Salem's business risk
profile as "fair" include the relative stability of cash flow from
fee-based sales of programming time blocks to external religious
programmers and a healthy EBITDA margin.  Factors that somewhat
temper these positives are the potential for a resumption of
negative structural trends in radio, competition from larger
rivals, and advertising cyclicality.  Salem has a "highly
leveraged" financial risk profile, in S&P's view, based on its
high debt leverage and low, albeit improving, EBITDA coverage of
interest expense. Our management and governance assessment is
"fair."

Salem's more stable revenues come from time block sales to
external programmers where Salem has a good position.  Salem has
generally maintained revenue growth above the rate of the radio
industry because of steady rate increases for block programming
time sales.  It's less stable revenue comes from traditional radio
advertising on its owned and operated radio stations, for which it
bears programming costs.  This revenue is directly exposed to
advertising demand cycles and structural trends.  The company also
operates certain lower-margin publishing assets, which have
modestly reduced its consolidated EBITDA margin compared with
pure-play radio broadcasting peers.  S&P's assessment also
includes the potential for a resumption of negative structural
trends in radio, competition from larger rivals, and advertising
cyclicality, but does not assume a meaningful acceleration in the
rate of decline.


SIERRA-SARATOGA: Case Summary & 4 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Sierra-Saratoga Investments, LLC
        14435C Big Basin Way #105
        Saratoga, CA 95070

Case No.: 14-53288

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Stephen L. Johnson

Debtor's Counsel: Patrick M. Costello, Esq.
                  VECTIS LAW GROUP
                  270 Redwood Shores Pkwy.
                  PMB# 551
                  Redwood City, CA 94065
                  Tel: (650) 320-1688
                  Email: pcostello@vectislawgroup.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeff Wyatt, managing member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb14-53288.pdf


SUN BANCORP: Incurs $24.2 Million Net Loss in Second Quarter
------------------------------------------------------------
Sun Bancorp, Inc., reported a net loss available to common
shareholders of $24.24 million on $23.77 million of total interest
income for the three months ended June 30, 2014, as compared with
net income available to common shareholders of $678,000 on $25.71
million of total interest income for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss available to common shareholders of $26.15 million on $48.41
million of total interest income as compared with net income
available to common shareholders of $3.13 million on $52.79
million of total interest income for the same period last year.

The Company's balance sheet at June 30, 2014, showed $2.89 billion
in total assets, $2.66 billion in total liabilities and $227.65
million in total shareholders' equity.

On June 30, 2014, the Board of Directors of the Company and Sun
National Bank approved a comprehensive restructuring plan, which
includes, among other things, the Bank exiting Sun Home Loans, its
retail, consumer mortgage banking origination business and exiting
its healthcare and asset-based lending businesses; the proposed
sale of seven branch offices in the Cape May County area;
significant classified asset  and operating expense reductions and
declaration of a 1-for-5 reverse stock split.  The Company also
announced the consolidation of four additional branch offices,
which are expected to be completed by the fourth quarter of 2014.

"On July 3rd, 2014, we announced a series of decisive remedial and
restructuring initiatives designed  to address the Company's long
standing obstacles to earnings, regulatory compliance and overall
performance excellence," said president and CEO Thomas M. O'Brien.
"We are forcefully confronting the legacy challenges here with a
strong sense of urgency.  The recently announced initiatives,
while unfortunately difficult for many stakeholders, have
established the foundation needed to bring our efficiency, credit
and risk metrics more closely in line with those of our peers.  We
are now embarking on the execution of these plans in an effort to
achieve goals that are so important to our long-term success.
Notwithstanding the costs of the restructuring initiatives, all of
our capital ratios and liquidity positions remain strong.  While
there is a lot of work to do in the execution of the plan, members
of management and the Board are keenly focused on its successful
implementation."

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

                        http://is.gd/zEIDXF

                         About Sun Bancorp

Sun Bancorp, Inc. (NASDAQ: SNBC) is a bank holding company
headquartered in Vineland, New Jersey, with its executive offices
located in Mt. Laurel, New Jersey.  Its primary subsidiary is Sun
National Bank, a full service commercial bank serving customers
through more than 60 locations in New Jersey.

On April 15, 2010, Sun National Bank entered into a written
agreement with the OCC which contained requirements to develop and
implement a profitability and capital plan which provides for the
maintenance of adequate capital to support the Bank's risk profile
in the current economic environment.

Sun Bancorp reported a net loss available to common shareholders
of $9.94 million in 2013, a net loss available to common
shareholders of $50.49 million in 2012, and a net loss available
to common shareholders of $67.50 million in 2011.


SOLAR POWER: Signs $25 Million Shares Purchase Agreement
--------------------------------------------------------
Solar Power, On July 22, 2014, entered into a purchase agreement
with certain non-U.S. investors whereby the Company agreed to sell
and the investors agreed to purchase 92,620,000 shares of the
Company's common stock at $0.27 per share for an aggregate
purchase price of $25,007,400.  The purchase agreement contains
customary representations and warranties and covenants of the
Company and is subject to the satisfaction of customary closing
conditions.  The closing of the sale of the shares of common stock
must close within two months from July 22, 2014, subject to the
satisfaction or waiver of the closing conditions.  The shares of
common stock offered pursuant to the purchase agreement will not
be or have not been registered under the Securities Act of 1933,
as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.  A copy of the Purchase Agreement is available for
free at http://is.gd/khNNqI

As previously reported, on June 25, 2014, Solar Power, Inc.'s
wholly-owned subsidiary, Xinyu Xinwei New Energy Co., Ltd.,
signed an agreement with the People's Government of Fenyi County,
Jiangxi Province, People's Republic of China to build and develop
a 50MW photovoltaic (PV) project in Yangqiao, Fenyi County.

Subsequently, the 50MW photovoltaic (PV) project in Yangqiao,
Fenyi County project was sold to Xinyu Zhongzhi Guoxiang New
Energy Electric Power Investment Development Co., Ltd., and Xinwei
will continue to build and develop the project toward completion
as planned.  On July 17, 2014, Xinyu Zhongzhi Guoxiang New Energy
Electric Power Investment Development Co., Ltd., and Xinwei
entered into an EPC General Contract for the 50MWp large above-
ground power station project in Yangqiao of Fenyi County of Xinyu
of Jiangxi.  Under the general terms of the 50MW EPC General
Contract, Xinwei will provide EPC work for the total contract
price of 400 million yuan.  Payment under the contract is subject
to certain milestones and the project is supposed to be completed
on or around Dec. 15, 2014.

In addition, only July 17, 2014, Xinyu Zhongzhi Guoxiang New
Energy Electric Power Investment Development Co., Ltd. and Xinyu
entered into an EPC contract for the 21MWp Distributed Power
Station Project of LDK Factory in Distributed PV Power Generation
Demonstration Park of Xinyu of Jiangxi.  Under the general terms
of the 21MW EPC General Contract, Xinwei will provide EPC work for
the total contract price of 168 million yuan.  Payment under the
contract is subject to certain milestones and the project is
supposed to be completed by on or around Sept. 30, 2014.

A copy of the EPC General Contract for the 50MWp large above-
ground power station project in Yangqiao of Fenyi County of Xinyu
of Jiangxi is available for free at http://is.gd/j1PtLo

A copy of the 21MWp Distributed Power Station Project of LDK
Factory in Distributed PV Power Generation Demonstration Park of
Xinyu of Jiangxi is available for free at http://is.gd/1CqBId

                         About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility ("SEF") developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $32.24 million in 2013
following a net loss of $25.42 million in 2012.  As of Dec. 31,
2013, the Company had $70.96 million in total assets, $73.83
million in total liabilities and a $2.86 million total
stockholders' deficit.

Crowe Horwath LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred a current year net loss of $32.2
million, has an accumulated deficit of $56.1 million, has
experienced a significant reduction in working capital, has past
due related party accounts payable and a debt facility under which
a bank has declared amounts immediately due and payable.
Additionally, the Company's parent company LDK Solar Co., Ltd has
experienced significant financial difficulties including the
filing of a winding up petition on Feb. 24, 2014.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


STEREOTAXIS INC: Incurs $1.9 Million Net Loss in Second Quarter
---------------------------------------------------------------
Stereotaxis, Inc., reported a net loss of $1.94 million on $8.04
million of total revenue for the three months ended June 30, 2014,
as compared with a net loss of $3 million on $9.73 million of
total revenue for the same period last year.

For the six months ended June 30, 2014, the Company reported a net
loss of $6.08 million on $16.40 million of total revenue as
compared with a net loss of $7.92 million on $18.14 million of
total revenue for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $27.28
million in total assets, $41.98 million in total liabilities and a
$14.70 million total stockholders' deficit.

"We have made meaningful progress with our strategies to bring our
technology to new markets, build on the class-leading performance
of our robotic platform through continued innovations and better
align our clinical training and adoption programs with customer
goals," said William C. Mills, Stereotaxis chief executive
officer.  "As a measure of customer confidence and proficiency in
product application, we achieved a second consecutive quarter of
robust recurring revenue of nearly $7 million.  We continue to
believe in the strengths of our new market opportunities, ongoing
product advancements and growing clinical validation to drive
system and procedure growth well above levels we have experienced
in recent quarters."

"We are pleased to report a productive quarter for our initial
marketing efforts in Japan," Mr. Mills continued.  "With
increasing visibility of our Niobe(R) ES Magnetic Navigation
System, we are seeing more evidence of the intrinsic desire of
Japanese physicians to improve patient care and clinical outcomes
through new technologies.  We recently concluded a very positive
presentation at the annual meeting of the Japanese Heart Rhythm
Society, where we experienced significant interest in the benefits
of our Niobe ES platform.  Our Japanese distributors continue to
engage targeted physicians and medical centers in active dialogue,
while preparing our remaining product lines for market approval."

"In the U.S., we are successfully executing our regulatory
strategy for the VdriveTM Robotic Navigation system," said Mr.
Mills.  "During the quarter, we submitted premarket notifications
to the Food and Drug Administration for our V-LoopTM Variable Loop
Catheter Manipulator and V-CASTM Catheter Advancement System, both
of which support improved workflow for the single-operator user of
the Niobe ES system."

A full-text copy of the press release is available at:

                      http://is.gd/INurr5

                       About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $68.75 million in 2013,
following a net loss of $9.23 million in 2012.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred recurring operating losses and has a
net capital deficiency.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


TACTICAL INTERMEDIATE: Files Schedules of Assets and Liabilities
----------------------------------------------------------------
Tactical Intermediate Holdings, Inc. et al., filed with the U.S.
Bankruptcy Court for the District of Delaware its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $57,703,543
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                 -----------      -----------
        TOTAL                             $0      $57,703,543


                About Tactical Intermediate

Tactical Intermediate Holdings, Inc., and its affiliates'
operations are comprised of two major lines of business -- a
footwear line, and a fabric and clothing line, including flame
resistant material ("Massif").

Footwear is comprised of the Altama group ("Altama") and the
Wellco Group ("Wellco").  Wellco was founded in 1941 and
manufactures and sells combat boots, primarily for the United
States Military as well as commercial uniform and work boots for a
variety of customers.  Altama was founded in 1969 and manufactures
and sells boots for the United States and international militaries
as well as for federal, state and local agencies, military
schools, police, uniform shops and Army/Navy retailers.

Headquartered in Ashland, Oregon, Massif was founded in 1999 by a
group of veteran search and rescue team members and alpine
climbers who believed that the options for sanctioned fire
resistant protective gear at the time were too limited.  Massif is
a world leader in supplying flame resistant and high performance
outdoor apparel to the military, law enforcement, search and
rescue professionals, and the wildland firefighting community.

Tactical Intermediate Holdings, Inc., and its affiliates sought
Chapter 11 protection in Delaware on July 8, 2014, with plans to
quickly sell their assets.

Judge Kevin Gross is assigned to the Chapter 11 cases.  The
Debtors have requested joint administration of the cases under
Case No. 14-11659.

The Debtors have tapped Klehr Harrison Harvey Branzburg LLP as
counsel, FTI Consulting, Inc., as financial advisor, Houlihan
Lokey Capital, Inc., as investment banker, and PrimeClerk as
claims and noticing agent.

Massif Apparel Enterprises LLC, the entity formed by Sun Capital
Partners Group V LLC, to serve as stalking horse bid for Massif's
assets, is represented by Corey Fox, Esq., Brad Weiland, Esq., and
Gregory F. Fesce, Esq., at Kirkland & Ellis LLP.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
three members to serve in the official committee of unsecured
creditors in the Chapter 11 cases of Tactical Intermediate
Holdings, Inc., et al.


TELEXFREE LLC: Federal Grand Jury Indicts Owners
------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that a
federal grand jury indicted TelexFree LLC co-founders and owners
James Merrill and Carlos Wanzeler on fraud charges tied to
allegations that their company operated a massive pyramid scheme.
According to the report, the indictment expands upon the original
criminal case against Messrs. Merrill and Wanzeler, who in May
were each charged with one count of conspiracy to commit wire
fraud in connection with the alleged pyramid scheme, which
prosecutors say caused total losses of more than $1 billion,
including promised returns to investors.

                         About TelexFREE

TelexFREE -- http://www.TelexFREE.com-- is a telecommunications
business that uses multi-level marketing to assist in the
distribution of voice over internet protocol telephone services.
TelexFREE's retail VoIP product, 99TelexFREE, allows for unlimited
international calling to seventy countries for a flat monthly rate
of $49.90.  TelexFREE has over 700,000 associates or promoters
worldwide.

The company believes the sales of the 99TelexFREE product, the
TelexFREE "app," and other new products will ultimately prove
successful and profitable.  The company is struggling, however,
with several factors that required it to seek chapter 11
protection.  First, the Company experienced exponential growth in
revenue between 2012 and 2013 (from de minimus amounts to over
$1 billion), which put tremendous pressure on the Company's
financial, operational and management systems.  Second, although
the company revised its original compensation plan to promoters in
order to address certain questions that were raised regarding such
plan, the company believes that the plans need to be further
revised.  Finally, the trailing liabilities arising from the
original compensation plan are difficult to quantify and have
resulted in substantial asserted liabilities against the company,
a number of which may not be valid.

TelexFREE LLC and two affiliates sought bankruptcy protection
(Bankr. D. Nev. Lead Case No. 14-12525) on April 13, 2014.

Alvarez & Marsal North America, LLC is serving as restructuring
advisor and Greenberg Traurig, LLP and Gordon Silver are serving
as legal advisors to TelexFREE.  Kurtzman Carson Consultants LLC
serves as claims and noticing agent.

TelexFREE, LLC, estimated $50 million to $100 million in assets
and $100 million to $500 million in liabilities.

TelexFREE is facing accusations of operating a $1 billion-plus
pyramid scheme.

In May, the Court approved the motion by the U.S. Securities &
Exchange Commission to transfer the venue of the Debtors' cases to
the U.S. Bankruptcy Court, District of Massachusetts (Bankr. D.
Mass. Case Nos. 14-40987, 14-40988 and 14-40989).  The Court
entered an order in relation to the venue transfer stating that
the cases remain jointly administered, and KCC will continue to
serve as claims processing agent.

The Debtors had opposed to the motion, stating that while the SEC
contends that the Massachusetts Bankruptcy Court is more
convenient for the SEC, the SEC has failed entirely to meet its
burden to show that the Massachusetts Bankruptcy Court is better
than the Nevada Bankruptcy Court for administration of the Chapter
11 Cases.  The Debtors chose the Nevada Bankruptcy Court because,
inter alia, TelexFREE Nevada, a Nevada entity, is a counter-party
to more than 700,000 contracts governed by Nevada law.


TENET HEALTHCARE: Reports $26 Million Net Loss in Second Quarter
----------------------------------------------------------------
Tenet Healthcare Corporation filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common shareholders of $26 million on
$4.04 billion of net operating revenues for the three months ended
June 30, 2014, as compared with a net loss attributable to common
shareholders of $50 million on $2.42 billion ot net operating
revenues for the same period last year.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to common shareholders of $58 million on $7.96
billion of net operating revenues as compared with a net loss
attributable to common shareholders of $138 million on $4.80
billion of net operating revenues for the same period last year.

As of June 30, 2014, the Company had $16.90 billion in total
assets, $15.75 billion in total liabilities, $277 million in
redeemable noncontrolling interests in equity of consolidated
subsidiaries and $873 million in total equity.

"I am very pleased with Tenet's performance in the second quarter.
All growth and profitability metrics exceeded our expectations,"
said Trevor Fetter, president and chief executive officer.  "Our
success at capturing incremental market share through strategic
investments, service line expansion, and successfully positioning
Tenet's hospitals to benefit from key aspects of the Affordable
Care Act all contributed to a great quarter.  We also continue to
exceed expectations for the benefits from our 2013 acquisition of
Vanguard.  Tenet grew at near-record rates in commercial patient
volumes, inpatient admissions, outpatient visits, surgeries and
emergency department visits."

Mr. Fetter continued, "Our multi-year strategy to transform Tenet
from a regional operator of hospitals to a national diversified
healthcare services company is driving significant growth in
value.  Our business trends are positive, and we are in the early
days of a long term transformation in the delivery and financing
of healthcare services.  We are raising our 2014 EBITDA Outlook
range, but only by the outperformance we reported in the second
quarter, until we have greater visibility into the longer-term
trends driving the strong growth we?ve generated in the first half
of 2014."

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

                        http://is.gd/xBDYcP

                            About Tenet

Tenet Healthcare Corporation is a national, diversified healthcare
services company with more than 105,000 employees united around a
common mission: to help people live happier, healthier lives.  The
company operates 80 hospitals, more than 190 outpatient centers,
six health plans and Conifer Health Solutions, a leading provider
of healthcare business process services in the areas of revenue
cycle management, value based care and patient communications.
For more information, please visit www.tenethealth.com.

Tenet reported a net loss of $104 million in 2013 following net
income of $133 million in 2012.

                             *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, B corporate credit
rating from Standard & Poor's Ratings Services and B1 Corporate
Family Rating from Moody's Investors Service.


TLC HEALTH: Lake Shore Hospital Receives More Time to Find Buyer
----------------------------------------------------------------
Stephen T. Watson, writing for The Buffalo News, reported that
Lake Shore Health Care Center received another month to market
itself to prospective buyers.  According to the report, Lake Shore
attorney Jeffrey A. Dove said at a hearing before U.S. Bankruptcy
Court Chief Judge Carl L. Bucki that the hospital received three
bids for pieces of its operations during a recent planned auction
of its assets that later was canceled.

The hospital sought, and received from Judge Bucki, permission to
reject the two bids for its home health care network -- the
highest was $1.3 million -- as insufficient, the report related.

                   About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The Debtor estimated
assets of at least $10 million and debts of at least $1 million.
Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C.,
serves as the Debtor's counsel.  Damon & Morey LLP is the Debtor's
Special Health Care Law and Corporate Counsel.  The Bonadio Group
is the Debtor's accountants.  Howard P. Schultz & Associates, LLC
is the Debtor's appraiser.

The case is assigned to the Hon. Carl L. Bucki.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.

Gleichenhaus, Marchese & Weishaar, PC is the general counsel for
Linda Scharf, the Patient Care Ombudsman of TLC Health.


THERAPEUTICSMD INC: Obtains $42.8 Million From Stock Offering
-------------------------------------------------------------
TherapeuticsMD, Inc., entered into an underwriting agreement with
Goldman, Sachs & Co., as the representative of the several
underwriters, relating to an underwritten public offering of
8,565,310 shares of the common stock, par value $0.001 per share,
of the Company at a public offering price of $4.67 per share.

Under the terms of the Underwriting Agreement, the Company granted
the Underwriters a 30-day option to purchase up to an aggregate of
1,284,796 additional shares of common stock, which option has been
exercised in full.  The net proceeds to the Company from the
offering are expected to be approximately $42.8 million, after
deducting underwriting discounts and commissions and other
estimated offering expenses payable by the Company.  The offering
closed on Aug. 4, 2014.

The offering was being made pursuant to the Company's effective
shelf registration statements on Form S-3 previously filed with
the Securities and Exchange Commission and a preliminary and final
prospectus supplement thereunder.

A full-text copy of the Underwriting Agreement is available at:

                        http://is.gd/oAVV7p

                       About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.

TherapeuticsMD reported a net loss of $28.41 million in 2013, a
net loss of $35.12 million in 2012, and a net loss of $12.9
million in 2011.

In the auditors' report accompanying the consolidated financial
statements for the year ended Dec. 31, 2012, Rosenberg Rich Baker
Berman & Company, in Somerset, New Jersey, expressed substantial
doubt about TherapeuticsMD's ability to continue as a going
concern, citing the Company's loss from operations of
approximately $16 million and negative cash flow from operations
of approximately $13 million.

The Company's balance sheet at March 31, 2014, showed $53.56
million in total assets, $6.81 million in total liabilities and
$46.75 million in total stockholders' equity.


THORNBURG MORTGAGE: Suit Against Barclays Goes to Trial
-------------------------------------------------------
Maryland District Judge Ellen Lipton Hollander denied cross
motions for summary judgment filed by parties in the lawsuit, JOEL
I. SHER, Chapter 11 Trustee for TMST, Inc., Plaintiff, v. BARCLAYS
CAPITAL, INC., Defendant, CIVIL ACTION NO. ELH-11-1982 (D. Md.).
The case involves complex financial transactions between Thornburg
Mortgage Inc. and Barclays, and events that occurred amidst the
2007 collapse of the subprime mortgage and housing markets.

From 2005 to 2007, Thornburg Mortgage entered into a series of
financial transactions with defendant Barclays through which
Thornburg financed its acquisitions of residential mortgage-backed
securities.  Barclays provided a total of about $2.7 billion in
financing to Thornburg, and Thornburg's promise to repay was
secured by residential mortgage-backed securities.  The parties'
relationship was governed by a Master Repurchase Agreement
executed in 2005 and a series of Confirmations.

In mid August of 2007, Barclays issued a series of margin calls to
Thornburg, in reliance on the MRA, seeking additional collateral
because, in Barclays' view, the value of Thornburg's collateral
had declined during increasingly turbulent economic conditions.
Thornburg disputed Barclays' calculations of the value of the
collateral and Barclays' contractual right to make those
calculations.  When Thornburg did not satisfy the margin calls,
Barclays declared Thornburg in default of its obligations,
liquidated some of the MBS, and retained the remaining MBS in its
own inventory.  Barclays applied toward Thornburg's debt the
proceeds obtained from the liquidation sale, as well as a credit
purporting to represent the value of the retained MBS.  Barclays
then assessed two separate charges intended to offset the cost of
prematurely unwinding the parties' transactions.  Eventually,
Barclays returned about $4 million in cash to Thornburg -- a sum
far less than that to which Thornburg claims it was entitled.

On April 28, 2011, the Chapter 11 Trustee for Thornburg filed the
Complaint in the Bankruptcy Court against Barclays, alleging
Breach of Contract (Count I) and Breach of the Covenants of Good
Faith and Fair Dealing (Count II).  On August 1, 2011, the
District Court issued an Order granting the unopposed "Motion of
Barclays Capital, Inc. for Withdrawal of Reference of Adversary
Proceeding".

A copy of the Court's August 1, 2014 Memorandum Opinion is
available at http://is.gd/poq0Nffrom Leagle.com.

Joel I. Sher, Chapter 11 Trustee for TMST, Inc., is represented by
Daniel Joseph Zeller, Esq., at Shapiro Sher Guinot Sandler; and
Mark L D Wawro, Esq., Matthew Colin Behncke, Esq., Stephen D
Susman, Esq., and Stuart V Kusin, Esq., at Susman Godfrey LLP.

Barclays Capital Inc., is represented by Patricia B Jefferson,
Esq., and Richard L Costella, Esq., at Miles and Stockbridge PC;
Benjamin S Kaminetzky, Esq., Michael P Carroll, Esq., and Michael
J Russano, Esq., at Davis Polk and Wardwell LLP; Charles Taylor
Pollak, Esq., and Lance Croffoot Suede, Esq., Paul Hessler, Esq.,
and Sterling P.A. Darling, Esq., at Linklaters LLC.

TMST, Inc., is represented by Frederick W H Carter, Esq., at
Venable LLP.

                     About Thornburg Mortgage

Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA)
-- http://www.thornburgmortgage.com/-- was a single-family
residential mortgage lender focused principally on prime and
super-prime borrowers seeking jumbo and super-jumbo adjustable
rate mortgages.  It originated, acquired, and retained investments
in adjustable and variable rate mortgage assets.  Its ARM assets
comprised of purchased ARM assets and ARM loans, including
traditional ARM assets and hybrid ARM assets.

Thornburg Mortgage and its four affiliates filed for Chapter 11
bankruptcy (Bankr. D. Md. Lead Case No. 09-17787) on May 1, 2009.
Thornburg changed its name to TMST, Inc.

Judge Duncan W. Keir is handling the case.  David E. Rice, Esq.,
at Venable LLP, in Baltimore, Maryland, served as counsel to
Thornburg Mortgage.  Orrick, Herrington & Sutcliffe LLP served as
special counsel.  Jim Murray and David Hilty of Houlihan Lokey
Howard & Zukin Capital, Inc., served as investment banker and
financial advisor.  Protiviti Inc. served as financial advisory
services.  KPMG LLP served as the tax consultant.  Epiq Systems,
Inc., serves claims and noticing agent.  Thornburg disclosed total
assets of $24.4 billion and total debts of $24.7 billion, as of
Jan. 31, 2009.

On Oct. 28, 2009, the Court approved the appointment of Joel I.
Sher as the Chapter 11 Trustee for the Company, TMST Acquisition
Subsidiary, Inc., TMST Home Loans, Inc., and TMST Hedging
Strategies, Inc.  He is represented by his firm, Shapiro Sher
Guinot & Sandler.


TONGJI HEALTHCARE: Incurs $19,000 Net Loss in Second Quarter
------------------------------------------------------------
Tongji Healthcare Group, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $18,983 on $669,760 of total operating revenue for
the three months ended June 30, 2014, as compared with a net loss
of $37,775 on $627,986 of total operating revenue for the same
period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $81,996 on $1.21 million of total operating revenue as
compared with a net loss of $127,963 on $1.11 million of total
operating revenue for the same period last year.

The Company's balance sheet at June 30, 2014, showed $16.59
million in total assets, $18.62 million in total liabilities and a
$2.02 million total stockholders' deficit.

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

                        http://is.gd/x0geCv

                       About Tongji Healthcare

Based in Nanning, Guangxi, the People's Republic of China, Tongji
Healthcare Group, Inc., a Nevada corporation, operates Nanning
Tongji Hospital, a general hospital with 105 licensed beds.

Tonji Healthcare reported a net loss of $729,685 on $2.37 million
of total operating revenue for the year ended Dec. 31, 2013, as
compared with a net loss of $1.20 million on $2.77 million of
revenue for the year ended Dec. 31, 2012.

Anton & Chia, LLP, in Newport Beach, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.

"The Company's ability to continue as a going concern ultimately
is dependent on the management's ability to obtain equity or debt
financing, attain further operating efficiencies, and achieve
profitable operations.  Over the past years, the Company had been
successful in raising funds from related parties to fund the
operation and new hospital construction.  The consolidated
financial statements do not include any adjustments relating to
the recoverability and classification of recorded asset amounts or
amounts and classification of liabilities that might be necessary
should the Company not be able to continue as a going concern,"
the filing stated.


TRAVELPORT HOLDINGS: Posts $16 Million Net Income in Q2
-------------------------------------------------------
Travelport Limited reported net income before income taxes and
share of earnings in equity method investments of $16 million on
$551 million of net revenue for the three months ended June 30,
2014, as compared with a net loss before income taxes and shares
of earnings in equity method investments of $97 million on $537
million of net revenue for the same period last year.

For the six months ended June 30, 2014, the Company reported net
income before income taxes and share of earnings in equity method
investments of $3 million on $1.12 million of net revenue as
compared with a net loss before income taxes and share of earnings
in equity method investments of $98 million on $1.08 billion of
net revenue for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $3.01 billion
in total assets, $4.08 billion in total liabilities and a $1.06
billion total deficit.

"The first half of 2014 has been a significant one for Travelport.
We have not only demonstrated continued financial growth and
strong operating performance, but we have also made a number of
targeted strategic investments in Beyond Air to extend this
growth, specifically in all of the payments, corporate travel and
hotel distribution aspects of our Travel Commerce Platform.
Additionally, we entered into a new long-term agreement with Delta
Air Lines for the provision of hosting services for two of their
critical airline operating systems.  From a capital structure
perspective, we have concluded deleveraging transactions of almost
$1 billion through a series of debt for equity deals and the sale
of the majority of our shares in Orbitz Worldwide.  Our business
is now even stronger and we remain firmly on track to deliver our
strategic goals."

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

                        http://is.gd/MlmAVu

                    Debt Refinancing Transaction

Travelport, through its wholly-owned Luxembourg subsidiary, is
seeking commitments from lenders (i) under a new senior secured
credit facility for an aggregate principal amount of $2,400
million, and currently expects the new senior secured credit
facility to be comprised of (a) a single tranche of term loans of
$2,300 million maturing in 2021 and (b) a revolving credit
facility of $100 million (which may be increased in accordance
with the terms of the credit documents) maturing in 2019 and (ii)
under a senior unsecured bridge loan facility in an aggregate
principal amount of $500 million.

The net proceeds of the Term Facility, together with borrowings
under the Bridge Facility, will, among other things, be used to
(i) repay certain of the indebtedness outstanding under the first
and second lien term loans under Travelport LLC's Sixth Amended
and Restated Credit Agreement and Second Lien Credit Agreement and
(ii) redeem certain of the following outstanding debt securities
issued by Travelport LLC and Travelport Holdings, Inc.: (A) Senior
Floating Rate Notes Due 2016, (B) 13.875% Senior Fixed Rate Notes
Due 2016, (C) 11.875% Senior Subordinated Fixed Rate Notes Due
2016, (D) 11.875% Dollar Senior Subordinated Fixed Rate Notes Due
2016 and (E) 10.875% Senior Subordinated Euro Fixed Rate Notes Due
2016.

The Credit Facilities will be secured by a senior priority lien on
substantially all existing and future property and assets of
Travelport Limited and its domestic and certain foreign
subsidiaries, as well as the equity of Travelport Limited.  The
Bridge Facility will be unsecured but guaranteed on a senior
basis.

The terms of the Credit Facilities and the Bridge Facility will
provide for customary representations and warranties, affirmative
and negative covenants and events of default.  The covenants,
subject to certain exceptions, will restrict, among other things:
(i) debt incurrence; (ii) lien incurrence; (iii) investments,
dividends and distributions; (iv) dispositions of assets and
subsidiary interests; (v) acquisitions; (vi) sale and leaseback
transactions; and (vii) transactions with affiliates.

Deutsche Bank Securities Inc. and Morgan Stanley Senior Funding,
Inc. will act as joint lead arrangers and joint bookrunners for
the Credit Facilities and the Bridge Facility.  There can be no
assurances that Travelport will be able to consummate the
refinancing transaction on the terms described or at all.

                     About Travelport Holdings

Headquartered in Atlanta, Georgia, Travelport provides transaction
processing services to the travel industry through its global
distribution system business, which includes the group's airline
information technology solutions business.  During FYE2011, the
group reported revenues and adjusted EBITDA of US$2 billion and
US$507 million, respectively.

Travelport Limited incurred a net loss attributable to the Company
of $192 million in 2013, as compared with a net loss attributable
to the Company of $236 million in 2012.

                           *     *     *

As reported by the TCR on March 7, 2014, Standard and Poor's
Rating Services said that it lowered to 'SD' (selective default)
from 'CCC+' its long-term corporate credit ratings on U.S.-based
travel services provider Travelport Holdings Ltd. and its indirect
primary operating subsidiary Travelport LLC (together,
Travelport).  The downgrades follow the completion of Travelport's
debt-to-equity swap of its senior subordinated notes due 2016.


USEC INC: Funding Under ACTDO Agreement Increased by $5.7MM
-----------------------------------------------------------
USEC Inc. on August 1, 2014, entered into Amendment No. 006 to the
agreement dated May 1, 2014 with UT-Battelle, LLC, as operator of
Oak Ridge National Laboratory, for continued research, development
and demonstration of the American Centrifuge technology in
furtherance of the U.S. Department of Energy?s national security
objectives.  Amendment No. 006 amends the ACTDO Agreement to
provide for additional funds of approximately $5.7 million,
bringing total funding to approximately $27 million. The other
terms and conditions of the ACTDO Agreement were not changed by
the Amendment.

The ACTDO Agreement provides for continued cascade operations, the
continuation of core American Centrifuge research and technology
activities, and the furnishing of related reports to ORNL. The
agreement is a firm fixed-price contract with a total price of
approximately $75.3 million for the period from May 1, 2014 to
March 31, 2015. The agreement provides for payments of
approximately $6.7 million per month through September 31, 2014
and approximately $6.9 million thereafter. The ACTDO Agreement is
incrementally funded. Funds currently allocated to the ACTDO
Agreement are expected to cover the work to be performed through
August 31, 2014. The agreement also provides ORNL with one
additional option to extend the agreement by six months to
September 30, 2015. The option is priced at approximately $41.7
million. ORNL may exercise its option by providing notice 60 days
prior to the end of the term of the agreement.  The total price of
the contract including options is approximately $117 million.

                       About USEC Inc.

USEC Inc. filed a Chapter 11 bankruptcy petition (Bank. D. Del.
Case No. 14-10475) on March 5, 2014.  John R. Castellano signed
the petition as chief restructuring officer.  The Hon. Christopher
S. Sontchi presides over the case.

D. J. Baker, Esq., Rosalie Walker Gray, Esq., Adam S. Ravin, Esq.,
and Annemarie V. Reilly, Esq., at Latham & Watkins LLP, serve as
the Debtor's general counsel.  Amanda R. Steele, Esq., Mark D.
Collins, Esq., and Michael J. Merchant, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtor's Delaware counsel.  Vinson &
Elkins is the Debtor's special counsel.  Lazard Freres & Co. LLC
acts as the Debtor's investment banker.  AP Services, LLC,
provides management services to the Debtor.  Logan & Company Inc.
serves as the Debtor's claims and noticing agent.  Deloitte Tax
LLP are the Debtor's tax professionals.  The Debtor's independent
auditor is PricewaterhouseCoopers LLP.  KPMG LLP provides fresh
start accounting services to the Debtors.

                          *     *     *

The Court approved the disclosure statement explaining USEC Inc.'s
plan of reorganization on July 7, 2014.  The Confirmation Hearing
is scheduled for Sept. 5, 2014, at 1:00 p.m. (Eastern time).
The Plan Objection Deadline is Aug. 22, and the deadline for
filing a reply to objections to confirmation of the Plan, if any,
is Sept. 2.


USEC INC: Plan Supplement, Rule 2015 Report Filed
-------------------------------------------------
USEC Inc.'s Plan of Reorganization dated July 11, 2014,
contemplated that the Debtor would file a Plan Supplement
containing various documents necessary to implement the Plan.  On
August 4, 2014, the Debtor filed with the Bankruptcy Court a
consolidated version of the Plan Supplement containing all of the
Plan Supplement documents required to be filed under the Plan
including, but not limited to, the Exit Facility, the New USEC
Governing Documents, the New Indenture, the Subsidiary Security
Agreement and associated Intercreditor Agreement, the New
Management Incentive Plan, and the Supplementary Strategic
Relationship Agreement.

Also on August 4, the Debtor filed with the Bankruptcy Court the
report required by Rule 2015.3 of the Federal Rules of Bankruptcy
Procedure setting forth, as required, the value, operations, and
profitability of each non-debtor entity that is not a publicly
traded corporation in which the estate holds a substantial
interest.  The 2015 Report is limited in scope, covers limited
time periods and has been prepared solely for the purpose of
complying with the Bankruptcy Court?s requirements.  The 2015
Report contains the unaudited stand-alone financial statements as
of and for the six month period ending June 30, 2014 in which the
Debtor holds a substantial or controlling interest.  Separate,
stand-alone audited financial statements for each legal entity
included in the 2015 Report do not exist.  As such, the 2015
Report does not include certain adjustments that may be needed if
such separate financial statements were required for stand-alone
reporting purposes.  The 2015 Report is in a format prescribed by
applicable bankruptcy laws and regulations and is subject to
future adjustment and reconciliation.

The Company cautions investors and potential investors not to
place undue reliance upon the information contained in the 2015
Report, which were not prepared for the purpose of providing the
basis for an investment decision relating to any of the securities
of the Company.  The 2015 Report contains information that may not
be indicative of the Company?s financial condition or operating
results for the period that would be reflected in the Company?s
financial statements or in its reports filed pursuant to the
Securities Exchange Act, and are not comparable with those
filings.  There can be no assurance that, from the perspective of
an investor or potential investor in the Company?s securities,
that the 2015 Report is complete. Results set forth in the 2015
Report should not be viewed as indicative of future results.

                       About USEC Inc.

USEC Inc. filed a Chapter 11 bankruptcy petition (Bank. D. Del.
Case No. 14-10475) on March 5, 2014.  John R. Castellano signed
the petition as chief restructuring officer.  The Hon. Christopher
S. Sontchi presides over the case.

D. J. Baker, Esq., Rosalie Walker Gray, Esq., Adam S. Ravin, Esq.,
and Annemarie V. Reilly, Esq., at Latham & Watkins LLP, serve as
the Debtor's general counsel.  Amanda R. Steele, Esq., Mark D.
Collins, Esq., and Michael J. Merchant, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtor's Delaware counsel.  Vinson &
Elkins is the Debtor's special counsel.  Lazard Freres & Co. LLC
acts as the Debtor's investment banker.  AP Services, LLC,
provides management services to the Debtor.  Logan & Company Inc.
serves as the Debtor's claims and noticing agent.  Deloitte Tax
LLP are the Debtor's tax professionals.  The Debtor's independent
auditor is PricewaterhouseCoopers LLP.  KPMG LLP provides fresh
start accounting services to the Debtors.

                          *     *     *

The Court approved the disclosure statement explaining USEC Inc.'s
plan of reorganization on July 7, 2014.  The Confirmation Hearing
is scheduled for Sept. 5, 2014, at 1:00 p.m. (Eastern time).
The Plan Objection Deadline is Aug. 22, and the deadline for
filing a reply to objections to confirmation of the Plan, if any,
is Sept. 2.


WAFERGEN BIO-SYSTEMS: Amends 2,000 Class A Units Prospectus
-----------------------------------------------------------
Wafergen Bio-Systems, Inc., amended its registration statement on
Form S-1 relating to the offering of up to 2,000 Class A Units,
with each Class A Unit consisting of 769 shares of common stock
(based upon an assumed offering price per share of $13.00, which
was the last reported sale price of the Company's common stock on
July 31, 2014) and 769 warrants to purchase shares of the
Company's common stock at a public offering price of $10,000 per
Class A Unit.  Each warrant included in the Class A Units entitles
its holder to purchase one share of common stock at an exercise
price of $[-].

The unit, share and warrant numbers, and the related prices,
reflect a one-for-ten (1-for-10) reverse stock split which
occurred on June 30, 2014.

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

The Company's common stock is currently traded on the OTCQB under
the symbol "WGBS." On July 31, 2014, the closing price of the
Company's common stock was $13.00 per share.  The Company has
applied for listing of its common stock on the Nasdaq Capital
Market under the symbol "WGBS," which listing the Company expects
to occur upon consummation of this offering.  The Company does not
intend to apply for listing of the shares of preferred stock or
warrants on any securities exchange or other trading system.

A full-text copy of the Form S-1/A is available for free at:

                       http://is.gd/wN9xIK

                    About WaferGen Bio-systems

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

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

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


WALTER J. KNEZEVICH: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Walter J. Knezevich Inc.
        1240 E. Ontario Avenue
        Suite 102-356
        Corona, CA 92881

Case No.: 14-19962

Chapter 11 Petition Date: August 5, 2014

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Hon. Meredith A. Jury

Debtor's Counsel: Todd C. Ringstad, Esq.
                  RINGSTAD & SANDERS LLP
                  2030 Main St #1600
                  Irvine, CA 92614
                  Tel: 949-851-7450
                  Email: becky@ringstadlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard Kevin Shirk, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-19962.pdf


XL GROUP: Cayman Unit's Preference Shares Rating Raised From BB+
----------------------------------------------------------------
Fitch Ratings has upgraded its ratings on XLIT Ltd. (a Cayman
Islands subsidiary of XL Group plc) and its property/casualty
(re)insurance subsidiaries (collectively XL) as follows:

   -- Issuer Default Rating (IDR) to 'A-' from 'BBB+';
   -- Senior unsecured notes to 'BBB+' from 'BBB';
   -- Series D and E preference ordinary shares to 'BBB-' from
     'BB+';
   -- Insurer Financial Strength (IFS) to 'A+' from 'A'.

The Rating Outlook on the IDR is Positive.  The Rating Outlook on
the IFS is Stable.

KEY RATING DRIVERS

Fitch's rating rationale for the one-notch upgrade of XL's ratings
reflects favorable recent underlying net earnings from improving
calendar year and run-rate accident year underwriting results,
particularly in the company's insurance segment, as well as
improving operating earnings-based interest and preferred dividend
coverage.  The ratings also continue to reflect the company's
solid capitalization, reasonable financial leverage and large
diversified market position in both insurance and reinsurance
lines, as well as anticipated challenges in the overall
competitive property/casualty market rate environment.

The Positive Outlook on the IDR reflects XL's improved operating
earnings-based interest and preferred dividend coverage that could
potentially result in a return to standard notching for the
moderate Bermuda regulatory environment that reflects the
existence of limited payment restrictions to the holding company.
Currently, the holding company IDR reflects nonstandard wider
notching due to unfavorable fixed-charge coverage.

XL posted a net loss of $24 million through the first six months
of 2014, as favorable underwriting results were offset by a $621
million net loss on the sale of its life reinsurance subsidiary to
GreyCastle Holdings Ltd. in June 2014.  Fitch views this
transaction as overall neutral to the rating as the immediate
accounting write-off charge is manageable (about 5% of XL's total
shareholders' equity) and is offset by reduced future volatility,
with the investment market risk passed on to the buyer through a
funds withheld liability.  As such, this should help XL to
increase focus on its core property/casualty business.  Net
earnings totaled $1.1 billion in 2013 and $651 million in 2012,
years which included modest catastrophe losses.

XL's core property/casualty operations posted a very favorable
six-month 2014 GAAP combined ratio of 89.0%, which included
minimal catastrophe losses (1.9 points).  This is improved from
92.5% and 96.3% for full years 2013 and 2012, respectively, which
included 5.3 points and 8.0 points (6.2 points from Hurricane
Sandy) for catastrophe losses.

Excluding the impact of catastrophes and favorable reserve
development, XL's underlying accident year combined ratio has
exhibited considerable improvement in recent periods to 91.5% in
the first half of 2014 (1H:14), 92.0% in full-year 2013 and 93.7%
in 2012.  This is down from 98.5% for 2011, primarily driven by
reduced large non-catastrophe property loss activity and business
mix changes.  XL's insurance segment, in particular, has
demonstrated meaningful improvement, with an accident year
combined ratio excluding catastrophes of 95.3% in 1H'14, compared
with 96.7% in full-year 2013, 98.5% in 2012 and a sizable 104.2%
in 2011.  This favorable result is due in part to underwriting
actions taken by the company over the last several years to
improve margins in its poorer performing challenged insurance
businesses.

XL's operating earnings-based interest and preferred dividend
coverage has been weak in recent years, averaging a low 4.4x from
2009-2013.  However, earnings coverage improved to more historical
levels at 6.0x both through the first six months of 2014 and in
2013, with more manageable catastrophe losses and overall reduced
interest costs.  This follows 4.3x in 2012 and 1.6x in 2011, years
with higher catastrophe losses.

XL continues to maintain a reasonable financial leverage ratio
(adjusted for equity credit and excluding unrealized net
gains/losses on fixed maturities) of 17.7% at June 30, 2014 and
16.9% at Dec. 31, 2013, with debt plus preferred equity-to-total
capital of 26.4% at June 30, 2014, compared with 26.5% at Dec. 31,
2013.  XL's capital position has remained stable, with
shareholders' equity of $11.4 billion at June 30, 2014, up
slightly from $11.3 billion at Dec. 31, 2013, as the net loss and
share buybacks were offset by net unrealized investment gains.

RATING SENSITIVITIES

The key rating triggers that could result in a near-term upgrade
to XL's IDR and debt ratings includes operating-earnings-based
interest and preferred dividend coverage maintained at 6.0x or
higher.  Key rating triggers that could lead to an upgrade in XL's
ratings over time include favorable earnings with low volatility,
including a combined ratio in the low 90s.  In addition, continued
strong capitalization of the insurance subsidiaries, with a net
premiums written-to-equity ratio of 0.8x or lower, a financial
leverage ratio maintained at or below 20% and operating-earnings-
based interest and preferred dividend coverage of at least 10x
could generate positive rating pressure.

Key rating triggers that could result in a downgrade include
significant charges for reserves that affect equity and the
capitalization of the insurance subsidiaries, financial leverage
ratio maintained above 20% or debt plus preferred equity to total
capital above 30%, operating-earnings-based interest and preferred
dividend coverage below 6.0x-7.0x, increases in underwriting
leverage above 1.0x net premiums written-to-equity ratio, earnings
below industry levels and failure to maintain consistent
underwriting profitability.

Fitch has upgraded the following ratings:

XLIT Ltd.

   -- IDR to 'A-' from 'BBB+';
   -- $600 million 5.25% senior notes due 2014 to 'BBB+' from
      'BBB';
   -- $300 million 2.30% senior notes due 2018 to 'BBB+' from
      'BBB';
   -- $400 million 5.75% senior notes due 2021 to 'BBB+' from
      'BBB';
   -- $350 million 6.375% senior notes due 2024 to 'BBB+' from
      'BBB';
   -- $325 million 6.25% senior notes due 2027 to 'BBB+' from
      'BBB';
   -- $300 million 5.25% senior notes due 2043 to 'BBB+' from
      'BBB';
   -- $345 million series D preference ordinary shares to 'BBB-'
      from 'BB+';
   -- $999.5 million series E preference ordinary shares to 'BBB-'
      from 'BB+'.

The IDR Rating Outlook is Positive.

Fitch has also upgraded to 'A+' from 'A' the IFS ratings of the
following XL (re)insurance subsidiaries:

   -- XL Insurance (Bermuda) Ltd;
   -- XL Re Ltd;
   -- XL Insurance Switzerland Ltd;
   -- XL Re Latin America Ltd;
   -- XL Insurance Company SE;
   -- XL Insurance America, Inc.;
   -- XL Reinsurance America Inc.;
   -- XL Re Europe SE;
   -- XL Insurance Company of New York, Inc.;
   -- XL Specialty Insurance Company;
   -- Indian Harbor Insurance Company;
   -- Greenwich Insurance Company;
   -- XL Select Insurance Company.

The IFS Rating Outlook is Stable.


* 2nd Circ. Nixes Berger & Associates' Fee Clawback Bid
-------------------------------------------------------
Law360 reported that the Second Circuit dismissed Berger &
Associates Attorneys PC's attempt to recoup legal fees stemming
from an aborted referral agreement, rejecting the law firm's
argument that its former business partner was barred from
bankruptcy relief for concealing or destroying evidence.
According to the report, in an opinion penned by U.S. Circuit
Judge Robert D. Sack, the appeals court found that Berger &
Associates and attorney Bradley I. Berger provided no evidence
establishing that Alexander Kran III's failure to keep records
affected discovery in bankruptcy court proceedings, and affirmed
the district court's decision granting summary judgment to Kran.

The case is Kran v. Kran, Case No. 13-1931 (2d. Cir.).


* Former La. Atty Gets 5 Years for Lying in Bankruptcy Court
------------------------------------------------------------
KSLA reported that a former Shreveport, Louisiana, attorney has
been sentenced to 5 years in federal prison and ordered to pay $1
million in restitution, after pleading guilty to lying in
bankruptcy court about his client knowing what he'd done with
their money.  According to the U.S. District Attorney's Office for
the Eastern District of Texas, 52-year-old James Ward Davis
pleaded guilty back in April to making a false statement in court
during his bankruptcy proceeding, the report related.


* Tech Co. Wants Ex-Antonelli Lawyer Around For Patent Trial
------------------------------------------------------------
Law360 reported that an online technology company fought to keep a
bankrupt attorney formerly with Antonelli Terry Stout & Kraus LLP
in a malpractice suit accusing the firm of botching a patent
application for online advertising inventions, citing tactical
implications.  According to the report, the claims asserted
against attorney Dale Hogue in Protostorm LLC's long-running
malpractice suit have been stayed because of an arbitration
agreement, but the plaintiff maintains that Hogue should not be
cut loose from the trial just because it hasn't pursued
arbitration or filed a proof of claim in his Chapter 13
bankruptcy.  Hogue asked to be dismissed from the case, which
targeted him and three other Antonelli attorneys over a failed
patent application for targeted advertising that the company later
proved unable to protect against Google Inc.'s similar advertising
methods, the report related.

The case is Protostorm, LLC et al v. Antonelli, Terry, Stout &
Kraus, LLP et al., Case No. 1:08-cv-00931 (E.D.N.Y.) before Judge
Pamela K. Chen.


* Bank of America Nears $17 Billion Settlement Over Mortgages
-------------------------------------------------------------
Ben Protess and Michael Corkery, writing for The New York Times'
DealBook, reported that Bank of America and the Justice Department
have reached a tentative deal that would cost the bank nearly $17
billion to settle an investigation into its sale of toxic mortgage
securities in the run-up to the financial crisis, according to
people briefed on the matter, the latest eye-popping rebuke of a
giant bank.  According to the report, the bank has agreed to pay a
roughly $9 billion cash penalty to the United States Treasury --
last month, Citigroup agreed to pay a $4 billion penalty -- while
providing the remaining money in the form of relief to struggling
homeowners, the people briefed on the matter said.


* Feds Sue Law Firms in Foreclosure Relief Scams
------------------------------------------------
Jenna Greene, writing for The National Law Journal, reported that
federal and state consumer protection watchdogs took aim at
lawyers, filing more than three dozen suits targeting law firms
and other entities for running illegal foreclosure relief scams.
According to the report, the nationwide enforcement sweep, dubbed
Operation Mis-Modification, was led by the Federal Trade
Commission, the Consumer Financial Protection Bureau and attorneys
general or other regulators from 15 states including New York,
Florida and Michigan.

The suits -- six by the FTC, three by the CFPB and 32 by the state
attorneys general -- make similar allegations: lawyers or other
scammers charged illegal advance fees for services and falsely
promised to prevent foreclosures or renegotiate troubled
mortgages, the report related.


* Recent Small-Dollar & Individual Chapter 11 Filings
-----------------------------------------------------

In re Chek-Ups Plus, Inc.
   Bankr. N.D. Ala. Case No. 14-82020
     Chapter 11 Petition filed July 23, 2014
         See http://bankrupt.com/misc/alnb14-82020.pdf
         represented by: Stuart L. Moore, Esq.
                         E-mail: johnannmoore@hotmail.com

In re Three by Three, Inc.
   Bankr. C.D. Cal. Case No. 14-14570
     Chapter 11 Petition filed July 23, 2014
         See http://bankrupt.com/misc/cacb14-14570.pdf
         represented by: Christopher P. Walker, Esq.
                         LAW OFFICE OF CHRISTOPHER P. WALKER, P.C.
                         E-mail: cwalker@cpwalkerlaw.com

In re Full Circle Hospitality Group, LLC
   Bankr. N.D. Cal. Case No. 14-43060
     Chapter 11 Petition filed July 23, 2014
         See http://bankrupt.com/misc/canb14-43060.pdf
         Filed Pro Se

In re Maria Concepcion Lopez-Ruiz
   Bankr. C.D. Cal. Case No. 14-24081
      Chapter 11 Petition filed July 23, 2014

In re Arthur Richard Manno and Kristine C. White
   Bankr. S.D. Fla. Case No. 14-26645
      Chapter 11 Petition filed July 23, 2014

In re Viscoloid, LLC
   Bankr. D. Mass. Case No. 14-41636
     Chapter 11 Petition filed July 23, 2014
         See http://bankrupt.com/misc/mab14-41636.pdf
         represented by: John M. McAuliffe, Esq.
                         MCAULIFFE & ASSOCIATES, P.C.
                         E-mail: john@jm-law.net

In re Joselito S. Ferrer
   Bankr. D. Nev. Case No. 14-51248
      Chapter 11 Petition filed July 23, 2014

In re Portkey Properties, LLC
   Bankr. E.D.N.C. Case No. 14-04242
     Chapter 11 Petition filed July 23, 2014
         See http://bankrupt.com/misc/nceb14-04242.pdf
         represented by: Richard Preston Cook, Esq.
                         RICHARD P. COOK, PLLC
                         E-mail: capefeardebtrelief@gmail.com

In re Thomas E. Shaw
   Bankr. W.D. Pa. Case No. 14-22968
      Chapter 11 Petition filed July 23, 2014

In re DJMR&C - Seabrook, LLC
   Bankr. S.D. Tex. Case No. 14-34025
     Chapter 11 Petition filed July 23, 2014
         See http://bankrupt.com/misc/txsb14-34025.pdf
         represented by: Richard W. Aust, Esq.
                         E-mail: rwaustpc@gmail.com
In re Alson Alston
   Bankr. M.D. Pa. Case No. 14-03454
      Chapter 11 Petition filed July 28, 2014

In re Nelson Bell
   Bankr. S.D. Fla. Case No. 14-27000
      Chapter 11 Petition filed July 29, 2014

In re Robert Alan Gillespie and Ellen Marie Gillespie
   Bankr. D.N.J. Case No. 14-25372
      Chapter 11 Petition filed July 29, 2014

In re Salomao Laniado and Margolit Laniado
   Bankr. E.D.N.Y. Case No. 14-43854
      Chapter 11 Petition filed July 29, 2014

In re Deborah Nina Vargas
   Bankr. E.D.N.Y. Case No. 14-43868
      Chapter 11 Petition filed July 29, 2014

In re Blue Marlin Adventures, LLC
   Bankr. M.D. Fla. Case No. 14-08838
     Chapter 11 Petition filed July 30, 2014
         See http://bankrupt.com/misc/flmb14-08838.pdf
         represented by: Joel S. Treuhaft, Esq.
                         PALM HARBOR LAW GROUP, P.A.
                         E-mail: jstreuhaft@yahoo.com

In re Luis Medina, Jr.
   Bankr. N.D. Ill. Case No. 14-27755
      Chapter 11 Petition filed July 30, 2014

In re Hackney Office, LLC
   Bankr. S.D. Ind. Case No. 14-07103
     Chapter 11 Petition filed July 30, 2014
         See http://bankrupt.com/misc/insb14-07103.pdf
         represented by: K.C. Cohen, Esq.
                         K.C. COHEN, LAWYER, P.C.
                         E-mail: kc@esoft-legal.com

In re Singco Office, LLC
   Bankr. S.D. Ind. Case No. 14-07105
     Chapter 11 Petition filed July 30, 2014
         See http://bankrupt.com/misc/insb14-07105.pdf
         represented by: K.C. Cohen, Esq.
                         K.C. COHEN, LAWYER, P.C.
                         E-mail: kc@esoft-legal.co

In re Braxton C. Counts, III
   Bankr. S.D. Ala. Case No. 14-02445
      Chapter 11 Petition filed July 31, 2014

In re Ronald C. Jackson and Rose S. Jackson
   Bankr. M.D. Fla. Case No. 14-03730
      Chapter 11 Petition filed July 31, 2014

In re Scott K. Hoffner and Jodi D. Hoffner
   Bankr. M.D. Fla. Case No. 14-08904
      Chapter 11 Petition filed July 31, 2014

In re Charles E. Hunter
   Bankr. D. Md. Case No. 14-22033
      Chapter 11 Petition filed July 31, 2014

In re Rafik Yousri Aboul-Nasr
   Bankr. D. Md. Case No. 14-22061
      Chapter 11 Petition filed July 31, 2014

In re Milford, Jean-Gilles, Fritz, Francois, LLC
   Bankr. E.D.N.Y. Case No. 14-43918
     Chapter 11 Petition filed July 31, 2014
         See http://bankrupt.com/misc/nyeb14-43918.pdf
         Filed Pro Se

In re Dale Baker Lourie
   Bankr. E.D.N.C. Case No. 14-04374
      Chapter 11 Petition filed July 31, 2014

In re Kenneth R. Fails
   Bankr. W.D. Okla. Case No. 14-13209
      Chapter 11 Petition filed July 31, 2014

In re Independence Drive, LLC
   Bankr. E.D. Pa. Case No. 14-16096
     Chapter 11 Petition filed July 31, 2014
         See http://bankrupt.com/misc/paeb14-16096.pdf
         represented by: George M. Lutz, Esq.
                         CASE, DIGIAMBERARDINO & LUTZ, P.C.
                         E-mail: gml@cdllawoffice.com

In re Jose L Monge Cordero and Sara T. Sierra lebron
   Bankr. D.P.R. Case No. 14-06276
      Chapter 11 Petition filed July 31, 2014

In re Tania Sub Corp.
   Bankr. D.P.R. Case No. 14-06315
     Chapter 11 Petition filed July 31, 2014
         See http://bankrupt.com/misc/prb14-06315.pdf
         represented by: Nilda M. Gonzalez Cordero, Esq.
                         SANTOS & GONZALEZ, LLC
                         E-mail: ngonzalezc@ngclawpr.com

In re Rangel R. Vazquez Aponte
   Bankr. D.P.R. Case No. 14-06282
      Chapter 11 Petition filed July 31, 2014

In re Jeffrey Nicholas Hess and Liesa Gail Hess
   Bankr. M.D. Tenn. Case No. 14-06065
      Chapter 11 Petition filed July 31, 2014

In re Culinary Ambition, LLC
        dba La Pampa Argentinean Steak House
   Bankr. S.D. Tex. Case No. 14-10282
     Chapter 11 Petition filed July 31, 2014
         See http://bankrupt.com/misc/txsb14-10282.pdf
         represented by: Enrique J. Solana, Esq.
                         LAW OFFICE OF ENRIQUE J SOLANA, PLLC
                         E-mail: enrique@solanapllc.com
In re Paul Steven Mead, III
   Bankr. N.D. Cal. Case No. 14-11135
      Chapter 11 Petition filed August 1, 2014

In re Juanita Christine Stites
   Bankr. D. Colo. Case No. 14-20644
      Chapter 11 Petition filed August 1, 2014

In re Leonard Joseph Roth
   Bankr. M.D. Fla. Case No. 14-03780
      Chapter 11 Petition filed August 1, 2014

In re Daniel G. Drake and Dana K. Drake
   Bankr. M.D. Fla. Case No. 14-09029
      Chapter 11 Petition filed August 1, 2014

In re MTS Directional Boring, Inc.
   Bankr. N.D. Fla. Case No. 14-40435
     Chapter 11 Petition filed August 1, 2014
         See http://bankrupt.com/misc/flnb14-40435.pdf
         represented by: Thomas B. Woodward, Esq.
                         E-mail: woodylaw@embarqmail.com

In re Freedom Wireless, Inc.
   Bankr. N.D. Ga. Case No. 14-64840
     Chapter 11 Petition filed August 1, 2014
         See http://bankrupt.com/misc/ganb14-64840.pdf
         Filed Pro Se

In re DPM Manufacturing, LLC
   Bankr. E.D. Mich. Case No. 14-52629
     Chapter 11 Petition filed August 1, 2014
         See http://bankrupt.com/misc/mieb14-52629.pdf
         represented by: Ethan D. Dunn, Esq.
                         MAXWELL DUNN, PLC
                         E-mail: bankruptcy@maxwelldunnlaw.com

In re Reyna Barrera
   Bankr. D. Nev. Case No. 14-15309
      Chapter 11 Petition filed August 1, 2014

In re John Dezao, III and Teresa M. Dezao
   Bankr. D.N.J. Case No. 14-25959
      Chapter 11 Petition filed August 1, 2014

In re Rosalia Ventricelli
   Bankr. D.N.J. Case No. 14-25960
      Chapter 11 Petition filed August 1, 2014

In re It'z All 4 U Inc.
   Bankr. E.D.N.Y. Case No. 14-43999
     Chapter 11 Petition filed August 1, 2014
         See http://bankrupt.com/misc/nyeb14-43999.pdf
         represented by: Michelle Labayen, Esq.
                         LAW OFFICES OF MICHELLE LABAYEN, P.C.
                         E-mail: michelle@bankruptcynyc.com

In re Gino Notarian and Anita Notarian
   Bankr. N.D. Ohio Case No. 14-14977
      Chapter 11 Petition filed August 1, 2014

In re SS Service Station, Inc.
   Bankr. D.P.R. Case No. 14-06348
     Chapter 11 Petition filed August 1, 2014
         See http://bankrupt.com/misc/prb14-06348.pdf
         represented by: Nydia Gonzalez Ortiz, Esq.
                         SANTIAGO & GONZALEZ
                         E-mail: bufetesg@gmail.com

In re Roberto Sebelen Medina and Betsie Marie Corujo Martinez
   Bankr. D.P.R. Case No. 14-06368
      Chapter 11 Petition filed August 1, 2014

In re Rodger Clay Jarrell
   Bankr. D. S.C. Case No. 14-04393
      Chapter 11 Petition filed August 1, 2014

In re RLG Trucking, LLC.
   Bankr. W.D. Tex. Case No. 14-31243
     Chapter 11 Petition filed August 1, 2014
         See http://bankrupt.com/misc/txwb14-31243.pdf
         represented by: Omar Maynez, Esq.
                         MAYNEZ LAW
                         E-mail: ecfmaynezlaw@gmail.com



                             *********

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.


                  *** End of Transmission ***