TCR_Public/140828.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 28, 2014, Vol. 18, No. 239

                            Headlines

22ND CENTURY: Incurs $1.9 Million Net Loss in Second Quarter
AC I MANAHAWKIN: U.S. Trustee Unable to Appoint Committee
ACTIVECARE INC: Delays Second Quarter Form 10-Q for Analysis
AFFYMAX INC: Xstelos Has Tender Offer to Acquire 25% Stake
ALLY FINANCIAL: Posts $323 Million Net Income in Second Quarter

ALPHA HOME: Voluntary Chapter 11 Case Summary
AMERICAN APPAREL: Lion Capital Nominates Robert Mintz to Board
AMERICAN POWER: Incurs $926,000 Net Loss in June 30 Quarter
AMERICAN SPECTRUM: NYSE MKT Accepts Listing Compliance Plan
AMINCOR INC: Issues 1.9MM Common Shares to Pres. and Interim CFO

APOLLO MEDICAL: Incurs $1.6 Million Net Loss in June 30 Quarter
ASSURED PHARMACY: Incurs $548,000 Net Loss in Second Quarter
AUTOMATED BUSINESS: New Financing to Fund Plan Payments
AXION INTERNATIONAL: Incurs $20.6-Mil. Net Loss in Second Quarter
BAPTIST HOME: Creditors Have Until Oct. 16 to File Claims

BAPTIST HOME: Oct. 1 Hearing on Bid for Exclusivity Extensions
BIOFUELS POWER: Delays Second Quarter Form 10-Q
BLX GROUP: 9th Cir. Rejects Tim Blixseth's Plan Appeal
BON-TON STORES: Former CEO to Step Down From Board on Sept. 9
BOREAL WATER: Raises $140K From Strategic Funding Factoring Deal

BUENA VISTA OCEANSIDE: Court Tosses Lawsuit Against Tenant
CABEL PROPERTIES: Middle Creek, Goodwin Seeks Case Dismissal
CAESARS ENTERTAINMENT: CERP Incurs $32MM Loss in Second Quarter
CARTER'S GROVE: Liquidation Plan Confirmed; Assets Sold to Lender
CHIQUITA BRANDS: Seeks to Reassure Investors on Fyffes Deal

CHRISTIAN FAMILY WORSHIP: Case Summary & 6 Unsecured Creditors
CICERO INC: Incurs $683,000 Net Loss in Second Quarter
CIRCLE STAR: Expects $2 Million Net Loss in Fiscal 2014
COATES INTERNATIONAL: Board Approves Anti-Dilution Program
COCRYSTAL PHARMA: Posts $4.7 Million Net Income in Second Quarter

CORD BLOOD: Incurs $845,000 Net Loss in Second Quarter
CRUMBS BAKE: Alan Chapell Named as Consumer Privacy Ombudsman
CRUMBS BAKE: Alvarez & Marsal OK'd as Panel's Financial Advisors
CRUMBS BAKE: Glassratner Advisory OK'd as Financial Advisor
CRUMBS BAKE: Lowenstein Sandler Approved s Committee's Counsel

DELTATHREE INC: Reports $466K Q2 Net Loss, Warns of Bankruptcy
DETROIT, MI: Bonds Undergo Rating Actions After Tender Pd. Expires
EDISON MISSION: Wants Chicago Bears' Suite License Claim Sacked
EDUCATION MANAGEMENT: Enters Into Debt Restructuring Agreement
EDUCATION TRAINING: Sketches Out Bankruptcy Sale Strategy

ELITE PHARMACEUTICALS: Offering 3MM Shares Under Incentive Plan
EMCOR GROUP: Moody Affirms Ba1 CFR & Rates $1.1BB Sr. Debt Ba1
ENNIS COMMERCIAL: Court Approves Colliers Tingey as Estate Broker
ENNIS COMMERCIAL: Southern Sierra Approved as Real Estate Broker
ENTERCOM COMMUNICATIONS: S&P Hikes Sr. Secured Debt Rating to BB

EVERGREEN ACQCO1: S&P Revises Outlook to Neg. & Affirms 'B' CCR
EXCITE MEDICAL: Case Summary & 6 Largest Unsecured Creditors
FALCON STEEL: Names James Taylor as Chief Restructuring Officer
FIRST DATA: Incurs $35 Million Net Loss in Second Quarter
FIRST NAT'L COMMUNITY: Director Joseph Gentile Passed Away

FOUNDATION HEALTHCARE: Incurs $1.5-Mil. Net Loss in 2nd Quarter
FOUR OAKS: Kenneth Lehman Hikes Equity Stake to 50%
FUSION TELECOMMUNICATIONS: Delays Q2 Form 10-Q for Audit
GARLOCK SEALING: Ford, Honeywell Seek Access to RICO Claims
GLOBAL GEOPHYSICAL: Amended DIP Loan Agreement Filed

HYDROCARB ENERGY: CEO Quits; Kent Watts Assumes CEO Role
INTELLICELL BIOSCIENCES: Delays Form 10-Q for Second Quarter
INTERFAITH MEDICAL: Malpractice Claims Election Due Sept. 17
INTERFAITH MEDICAL: W. Caldwell Bid for Direct Plan Appeal Denied
INTERLEUKIN GENETICS: CFO to Quit on Sept. 5

ISC8 INC: Delays Q3 Form 10-Q Over Financial Issues
ISSAQUAH GLASS: Case Summary & 20 Largest Unsecured Creditors
IZEA INC: Names LeAnn Hitchcock Chief Financial Officer
JAMES CHARLES VAUGHN: Taxes Not Dischargeable, 10th Circuit Says
JAMES RIVER: Has Court Approval to Sell Assets to Blackhawk Unit

KO-KAUA OHANA: U.S. Trustee Balks at GlassRatner's Employment
LAMSON & GOODNOW: 177-Yr Old Knife Maker Files Bankruptcy
LARRY MCCLENDON: Defamation Claim Nondischargeable, 5th Cir. Says
LIFEPOINT HOSPITALS: S&P Alters Outlook to Stable, Affirms BB- CCR
LIGAND PHARMACEUTICALS: Lemelson Balks at Shares Sale

LIQUIDMETAL TECHNOLOGIES: Inks $30MM Purchase Pact With Aspire
LONG BEACH MEDICAL: Loeb & Troper Approved as Komanoff Auditors
LONG BEACH MEDICAL: VCI to Serve as Medical Operations Advisor
LYONDELL CHEMICAL: 5th Cir. Reverses Judgment in Union Dispute
MASSIF MOUNTAIN: Bankr. Court Okays Sale of Assets to Samtech

METADIGM INC: PE Firm Can't Shake WARN Claims From Cuts at Unit
MERCATOR MINERALS: To File NOI Under Canadian Bankruptcy Act
MF GLOBAL: Trustee Files Motion to Make Creditor Distributions
MF GLOBAL: Execs Press Case for D&O Policy Proceeds
MOBIVITY HOLDINGS: Incurs $1.4 Million Net Loss in Second Quarter

MOMENTIVE PERFORMANCE: Make-Whole Ruling Rattles Bond Market
MOMENTIVE PERFORMANCE: Expects to Exit Ch. 11 in Next Few Weeks
N'GENUITY ENTERPRISES: Bo Jackson Dispute Prompts Ch.22 Filing
NE OPCO: Court Denies Cenveo's Bid to Enforce Sept. 12 Sale Order
NEOMEDIA TECHNOLOGIES: Posts $3.6 Million Net Income in Q2

NETTALK.COM INC: Delays Second Quarter Form 10-Q for Review
NEW BERN RIVERFRONT: Weaver's Negligence Claim v. Curenton Nixed
NEW BERN RIVERFRONT: No Quick Ruling in Weaver v. Gouras Dispute
OMNICOMM SYSTEMS: Earns $580K in Q2, Doubts Going Concern Status
PACDUNES INC: Case Summary & 20 Largest Unsecured Creditors

PANACHE BEVERAGE: KLJ Replaces Silberstein as Accountant
PENSKE AUTOMOTIVE: S&P Raises CCR to 'BB'; Outlook Stable
PLASTIPAK HOLDINGS: S&P Affirms 'BB-' CCR; Outlook Stable
PREMIER TRAILER: S&P Withdraws 'B-' CCR at Company's Request
PREMONT INDEPENDENT SCHOOL: Moody's Affirms 'Ba1' GO Bonds Rating

PRESSURE BIOSCIENCES: Presented at Wall Street Conference
PSL-NORTH AMERICA: Gets Court OK to Sell Substantially All Assets
PSL-NORTH AMERICA: CSX Approved to Proceed with Alabama Action
RESIDENTIAL CAPITAL: Court Rejects Motion to Remand Suit v. UBS
RESTORGENEX CORP: Grants 1.5MM Shares Options to Executives

REVEL AC: Luis Salazar Appointed as Consumer Privacy Ombudsman
REVEL AC: Gavin/Solmonese Okayed as Committee's Financial Advisor
REVEL AC: Taps Ernst & Young LLP as Auditor and Tax Advisor
REVEL AC: Wants to Hire Brattle Group as Economic Consultant
RICEBRAN TECHNOLOGIES: Shareholders Elected 7 Directors

RUBLE HOLDINGS: Voluntary Chapter 11 Case Summary
QTS INC: Case Summary & 20 Largest Unsecured Creditors
S&S THERMO: Files for Chapter 7 Bankruptcy in Minnesota
SECUREALERT INC: Incurs $2.8 Million Net Loss in Third Quarter
SHOTWELL LANDFILL: Fails in Bid to Dismiss LSCG Appeal

SHOTWELL LANDFILL: Gurkins Appointed as Restructuring Officer
SHOTWELL LANDFILL: Exclusivity Period Terminated
SOUND SHORE: Disclosure Statement Hearing Set for Sept. 16
SOUTHERN PACIFIC RESOURCE: DBRS Puts 'CCC' Rating Under Review
SWJ HOLDINGS: Connecticut Court Dismisses Chapter 11 Case

TECHPRECISION CORP: Amends Fiscal 2014 Form 10-K
TARGETED MEDICAL: Incurs $423,000 Net Loss in Second Quarter
TELKONET INC: Posts $183,000 Net Income in Second Quarter
TEXAS LEADERSHIP: S&P Lowers Rating on Revenue Bonds to 'BB'
TRULAND SYSTEMS: Sept. 5 Bidding Deadline Set for Vehicles

TRANS ENERGY: Reports $10.9 Million Net Loss in Second Quarter
TRANS-LUX CORP: Had $2.5MM Q2 Loss, Doubts Going Concern Status
UNITED AMERICAN: Delays Second Quarter Form 10-Q
VERMILLION INC: Incurs $5.6 Million Net Loss in Second Quarter
VERTICAL COMPUTER: Delays Form 10-Q for Second Quarter

VUZIX CORP: Posts $239,000 Net Income in Second Quarter
WEB.COM GROUP: Moody's Hikes 1st Lien Debt Rating to 'Ba1'
WKI HOLDING: S&P Affirms 'B' CCR & Revises Outlook to Negative
WORLD SURVEILLANCE: Delays Second Quarter Form 10-Q for Review
WORLEY BROTHERS: Balks at Bid to Appoint Independent Examiner

ZOGENIX INC: Armistice Capital Holds 5.9% Equity Stake

* Goldman, Deutsche Escape $2.1-Bil. Guaranty Bank MBS Suit
* Otterbourg's Cyganowski Named to GM Ignition Switch Committee

* Credit Raters to Face New Conflict Curbs Under SEC Rules
* Fed Urged to Ensure Emergency Lending Rules Bar Bailouts

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


22ND CENTURY: Incurs $1.9 Million Net Loss in Second Quarter
------------------------------------------------------------
22nd Century Group Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.96 million on $16,114 of revenue for the three
months ended June 30, 2014, compared to a net loss of $445,955 on
$0 of revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company incurred a net
loss of $7.28 million on $463,649 of revenue compared with a net
loss of $2.95 million on $0 of revenue for the same period last
year.

As of June 30, 2014, the Company had $11.24 million in total
assets, $2.11 million in total liabilities, and $9.12 million in
total shareholders' equity.

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

                        http://is.gd/3r5rfC

                        About 22nd Century

Clarence, New York-based 22nd Century Group, Inc., through its
wholly-owned subsidiary, 22nd Century Ltd, is a plant
biotechnology company using technology that allows for the level
of nicotine and other nicotinic alkaloids (e.g., nornicotine,
anatabine and anabasine) in tobacco plants to be decreased or
increased through genetic engineering and plant breeding.

22nd Century reported a net loss of $26.15 million in 2013, a net
loss of $6.73 million in 2012 and a net loss of $1.34 million in
2011.


AC I MANAHAWKIN: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
U.S. Trustee William K. Harrington notifies the court that after
he had contacted the 20 largest unsecured non-priority creditors,
he attempted to form an official unsecured creditors' committee.
The U.S. Trustee said that, as of the filing of notice on July 31,
2014, he has been unable to appoint a committee for unsecured
creditors.

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and 14-22793) on
June 4, 2014.  The petitions were signed by David Goldwasser, of
GC Realty Advisors LLC, managing member.  The Debtors estimated
assets of $50 million to $100 million and debts of $0 to $50
million.  Robinson Brog Leinwand Greene Genovese & Gluck, P.C.,
serves as the Debtors' counsel.  Judge Robert D. Drain presides
over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007)
on July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.


ACTIVECARE INC: Delays Second Quarter Form 10-Q for Analysis
------------------------------------------------------------
ActiveCare, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the period ended
July 30, 2014.  The Company said it needs additional time to
complete the presentation of its financial statements and the
analysis thereof.

                        About ActiveCare

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

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

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

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


AFFYMAX INC: Xstelos Has Tender Offer to Acquire 25% Stake
----------------------------------------------------------
Xstelos Holdings, Inc., delivered a letter to the Affymax, Inc.'s
board of directors on Aug. 25, 2014, reaffirming its proposal to
buy from current stockholders of the Company up to 25% of the
outstanding Shares of the Company at $0.10 per share, according to
a document filed with the U.S. Securities and Exchange Commission.
To the extent the tender offer is not fully subscribed, Xstelos is
willing to buy additional shares directly from the Company.

The letter also reiterated Xstelos' continued belief that its
proposal, at $0.10 per Share, will offer significantly more value
to the Company's shareholders than the Company's existing plan of
liquidation, under which shareholders are estimated to receive
between $0.05 and $0.06 per Share, while preserving the Company's
ability to benefit from its net operating loss carryforwards.

Under the Proposal, following the completion of the Tender Offer,
the composition of the Board and its committees will be mutually
agreed to by Xstelos and the Company.  Subject to the Board's
approval, Jon Couchman will serve as the Company's chief executive
officer and chief financial officer.  Mr. Couchman is currently
the chief executive officer of Xstelos Holdings.

As of Aug. 25, 2014, Jonathan M. Couchman beneficially owned
1,875,877 shares of the Company representing 5 percent of the
shares outstanding.

A copy of the Letter is available for free at:

                      http://is.gd/W7i3xh

                          About Affymax

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

                         Bankruptcy Warning

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

Affymax reported a net loss of $14.42 million in 2013 following a
net loss of $93.41 million in 2012.  As of June 30, 2014, the
Company had $5.38 million in total assets, $214,000 in total
liabilities, all current, and $5.17 million in total stockholders'
equity.

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


ALLY FINANCIAL: Posts $323 Million Net Income in Second Quarter
---------------------------------------------------------------
Ally Financial Inc. reported net income of $323 million, or $0.54
per diluted common share, for the second quarter of 2014 compared
to net income of $227 million, or $0.33 per diluted common share,
in the prior quarter, and a net loss of $927 million, or a loss of
$2.73 per diluted common share, for the second quarter of 2013.
The Company reported core pre-tax income of $400 million in the
second quarter of 2014, compared to core pre-tax income of $336
million in the prior quarter and $201 million in the comparable
prior year period.  Core pre-tax income, excluding repositioning
items, was $417 million for the second quarter of 2014, an
increase of $205 million compared to same period last year.

Results for the quarter were primarily driven by strong
performance from the auto finance franchise.  Consumer financing
originations increased to $10.9 billion, the second highest
quarter in Ally's history.  Additionally, the Company continued to
improve its cost of funds by increasing retail deposits 15 percent
and improving its debt structure, which resulted in an increase in
net financing revenue3 of 32 percent year-over-year.  Moreover,
strong credit performance contributed to an approximately 30
percent decline in provision for loan loss expense year-over-year.
Partially offsetting results were unprecedented weather-related
losses in the insurance business.  Affecting the year-over-year
comparison was also the non-recurrence of a $1.6 billion one-time
charge taken in the second quarter of 2013 related to the
comprehensive settlement agreement in the ResCap Chapter 11
bankruptcy case.

"Ally's second quarter results demonstrate clear progress in our
key objectives to improve profitability and drive value for our
shareholders," said Chief Executive Officer Michael A. Carpenter.
"Our core auto finance franchise had an outstanding quarter,
posting the second highest level of consumer auto originations in
Ally's history.  Helping to drive these results were two high-
water marks for the business, with the most decisioned
applications in a quarter and the highest volume of used
originations on record.  These accomplishments speak to the
strength of our franchise and our dealer-focused strategy."

"Historically high weather losses due to severe hail storms in the
Midwest during the quarter impacted results in the insurance
business, but written premiums remained strong, totaling $267
million for the quarter," continued Carpenter.  "Ally Bank
continued to maintain steady momentum with retail deposits growing
15 percent in the past year to total $45.9 billion, and its
customer base of loyal and purposeful savers expanded 18 percent
during that time."

Carpenter concluded, "We continue to make significant headway in
all three areas of focus -- net interest margin expansion, expense
reduction and regulatory normalization -- to reach double-digit
core return on tangible common equity, which improved 190 basis
points since last quarter to 8.4 percent.  Going forward, our
continued focus will be executing upon our three-pronged approach
to further increase shareholder value, as we fully exit TARP and
advance our leading dealer financial services and direct banking
franchises."

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

                        http://is.gd/BPm716

                        About Ally Financial

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

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

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

                           *     *     *

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

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

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the Ba3 corporate family and B1 senior unsecured ratings
of Ally Financial, Inc. and revised the outlook for the ratings to
positive from stable.  Moody's affirmed Ally's ratings and revised
its rating outlook to positive based on the company's progress
toward sustained improvements in profitability and repayment of
government assistance received during the financial crisis.


ALPHA HOME: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Alpha Home Association of
          Greater Indianapolis (Indiana) Inc.
        2640 Cold Spring Road
        Indianapolis, IN 46222

Case No.: 14-07997

Type of Business: Health Care

Chapter 11 Petition Date: August 26, 2014

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

Judge: Hon. James K. Coachys

Debtor's Counsel: Brian D. Salwowski, Esq.
                  BRIAN D. SALWOWSKI, ATTORNEY AT LAW
                  8117 E. Washington St. #B
                  Indianapolis, IN 46229
                  Tel: 317-292-4320
                  Email: bsalwowski@gmail.com

Estimated Assets: $500 million to $1 billion

Estimated Liabilities: $500 million to $1 billion

The petition was signed by Jamell Burks-Craig, president.

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


AMERICAN APPAREL: Lion Capital Nominates Robert Mintz to Board
--------------------------------------------------------------
Suzanne Kapner, writing for The Wall Street Journal, citing people
familiar with the matter, reported that Lion Capital, LLP, which
holds warrants to buy 12% of American Apparel Inc.'s stock, has
told the fashion company that it is exercising its right to fill
one of the two vacant board seats it controls.  According to the
Journal, the firm has nominated Robert Mintz, most recently chief
executive of rib and barbecue supplier Rupari Food Services Inc.
Mr. Mintz attended middle school and high school in Montreal with
American Apparel founder Dov Charney, the Journal said, citing one
of the people.

                       About American Apparel

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

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

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

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

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

                           *     *     *

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

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


AMERICAN POWER: Incurs $926,000 Net Loss in June 30 Quarter
-----------------------------------------------------------
American Power Group Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss available to common stockholders of $925,991
for the three months ended June 30, 2014, compared to a net loss
available to common stockholders of $384,197 for the same period
in 2013.  Net sales for the three months ended June 30, 2014, were
$1.78 million compared to net sales of $2.15 million for the same
period during the prior year.

The Company also reported a net loss available to common
stockholders of $2.22 million for the nine months ended June 30,
2014 compared to a net loss available to common stockholders of
$2.03 million for the same period in 2013.

As of June 30, 2014, the Company had $9.58 million in total
assets, $5.67 million in total liabilities and $3.90 million in
total stockholder's equity.

As of June 30, 2014, the Company had $1,537,854 in cash, cash
equivalents and restricted certificates of deposit and working
capital deficiency of $934,306.

Lyle Jensen, American Power's chief executive officer, stated,
"The past 120 days have been very productive with new dealers,
expanding regions, more early-adopter customers and optimizing
field performance of our dual fuel solution with our existing
customers.  We have begun to open up Canada, the Caribbean and the
America's with several well known multi-national vehicular
customers who collectively operate thousands of vehicles.  We now
have over 240 dual fuel trucks operating in over 21 states in the
United States with fueling infrastructure continuing to be the
most significant hurdle facing accelerated Class 8 adoption.  We
are expanding our cooperative sales and marketing efforts with
many of the major CNG and LNG fuel suppliers in the U.S. and
Canada to identify potential customers who through our cost
effective dual fuel solution can allow the suppliers to optimize
existing locations and/or justify developing new locations."

Mr. Jensen added, "So as we finish up our fourth quarter, fiscal
2014 will have been an important year of early-adopter
evaluations, field validation of our dual fuel system and most
importantly, an increasing acceptance of dual fuel as a second
mainstream fueling solution for natural gas vehicles.  While we
still have approximately 45 days to book and ship product, we
believe the scheduled timing of approximately 150 follow-on
dealer/customer vehicular deliveries will slip beyond September
into the next fiscal year.  This would put fiscal 2014 revenue in
the $7 million to $8 million range, exclusive of backlog but with
a growing number of early-adopter customers and follow-on
customers entering fiscal 2015."

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

                        http://is.gd/IR1sd9

                      About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural GasTM conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.  Additional information at
http://www.americanpowergroupinc.com/


AMERICAN SPECTRUM: NYSE MKT Accepts Listing Compliance Plan
-----------------------------------------------------------
American Spectrum Realty, Inc. on Aug. 25 announced its receipt of
correspondence from NYSE MKT LLC advising the Company that it
accepted the Company's plan to regain compliance with the
Exchange's continued listing standards and establishing time
periods for the Company to regain compliance.

On March 31, 2014, the Company filed a Form 12b-25 with the
Securities and Exchange Commission disclosing that it was unable
to file with the SEC its annual report on Form 10-K for the year
ended December 31, 2013 by April 1, 2014 and that it expected to
file its annual report as soon as practicable.  On April 16, 2014,
the Company received correspondence from the Exchange advising the
Company that it was not in compliance with the continued listing
standards of the Exchange as a result of the failure to timely
file the 2013 Form 10-K.  The Company submitted to the Exchange on
April 30, 2014, a plan of compliance setting forth the steps
intended to be taken by the Company to regain compliance with the
NYSE MKT Company Guide no later than July 15, 2014.

On June 25, 2014, the Company received correspondence from the
Exchange, notifying the Company that the Exchange accepted the
Company's plan and granted the Company extensions to regain
compliance with the continued listing standards of the Exchange to
no later than July 15, 2014 for the 2013 Form 10-K and no later
than August 18, 2014 for the 2014 March Form 10-Q.

On August 4, 2014, the Company received correspondence from the
Exchange, notifying the Company that the Exchange accepted the
Company's plan and granted the Company further extensions to
regain compliance with the continued listing standards of the
Exchange to no later than September 2, 2014 for the 2013 Form 10-K
and no later than October 3, 2014 for the 2014 March Form 10-Q.
The Company will be subject to periodic review by the Exchange
during the Plan Periods.  Failure to make progress consistent with
the Plan or to regain compliance with the continued listing
standards by the end of the Plan Periods could result in the
Company being delisted from the Exchange.

On August 19, 2014, the Company received additional correspondence
from the Exchange advising that the Company is not in compliance
with certain of the Exchange's continued listing standards and the
Company has therefore become subject to the procedures and
requirements of Section 1009 of the NYSE MKT Company Guide.  The
Exchange has advised that in order for the Company to maintain its
listing with the Exchange, the Company must submit a plan of
compliance by September 18, 2014 addressing how the Company
intends to regain compliance with the Exchange's listing
requirements by February 19, 2016.  The Exchange's Issuer
Oversight Department will evaluate the Company's Plan and make a
determination as to whether such Plan provides a reasonable
demonstration of the Company's ability to regain compliance within
the Plan Period.  If the Exchange accepts the Plan, the Company
may be able to continue its listing during the Plan Period subject
to periodic reviews by the Exchange to determine whether the
Company is making progress consistent with the Plan.

The Company continues to work towards compliance with the Plan and
intends to file the 2013 Form 10-K and 2014 March Form 10-Q as
soon as practicable.

                  About American Spectrum Realty

American Spectrum Realty, Inc. -- http://www.asrmanagement.com/--
is a real estate investment company that owns, through an
operating partnership, interests in office, industrial, retail,
self-storage, RV parks, retail, multi-family properties and
undeveloped land throughout the United States.  American Spectrum
Management Group, Inc., a wholly-owned subsidiary of the Company,
manages and leases all properties owned by American Spectrum
Realty, Inc. as well as for third-party clients totaling 10
million square feet in multiple states.


AMINCOR INC: Issues 1.9MM Common Shares to Pres. and Interim CFO
----------------------------------------------------------------
Pursuant to a unanimous written consent, the Board of Directors of
the Amincor, Inc., approved the issuance of 1,924,242 shares of
Class A Voting Common Stock, par value $0.001 to each of John R.
Rice III, its president and Joseph F. Ingrassia its vice-president
and interim financial officer for a total aggregate consideration
of $127,000.  The Shares have not been registered under the
Securities Act of 1933, as amended and are restricted
accordingly.

                        About Amincor Inc.

New York, N.Y.-based Amincor, Inc., is a holding company
operating through its operating subsidiaries Baker's Pride, Inc.,
Environmental Holdings Corp. and Tyree Holdings Corp., and Amincor
Other Assets, Inc.

BPI is a producer of bakery goods.  Tyree performs maintenance,
repair and construction services to customers with underground
petroleum storage tanks and petroleum product dispensing
equipment.

Through its wholly owned subsidiaries, Environmental Quality
Services, Inc., and Advanced Waste & Water Technology, Inc., EHC
provides environmental and hazardous waste testing and water
remediation services in the Northeastern United States.

Other Assets, Inc., was incorporated to hold real estate,
equipment and loan receivables.  As of March 31, 2013, all of
Other Assets' real estate and equipment are classified as held for
sale.

As of March 31, 2014, the Company had $27.09 million in total
assets, $43.81 million in total liabilities and a $16.71 million
total deficit.


APOLLO MEDICAL: Incurs $1.6 Million Net Loss in June 30 Quarter
---------------------------------------------------------------
Apollo Medical Holdings, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to the Company of $1.67 million on $4.09
million of net revenues for the three months ended June 30, 2014,
compared with a net loss attributable to the Company of $1.93
million on $2.61 million of net revenues for the same period in
2013.

As of June 30, 2014, the Company had $8.80 million in total
assets, $11.79 million in total liabilities and a $2.99 million
total stockholders' deficit.

At June 30, 2014, the Company had cash equivalents and marketable
securities of $6.2 million compared to cash and cash equivalents
of $6.8 million at March 31, 2014.  At June 30, 2014 the Company
had borrowings totalling $6.7 million compared to borrowings at
March 31, 2014 of $6.7 million.

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

                         http://is.gd/UQ4Mrp

                         About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss of $4.55 million for the year
ended Jan. 31, 2014, following a net loss of $8.90 million for the
year ended Jan. 31, 2013.


ASSURED PHARMACY: Incurs $548,000 Net Loss in Second Quarter
------------------------------------------------------------
Assured Pharmacy, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $548,254 on $2.17 million of sales for the three
months ended June 30, 2014, compared to a net loss of $1.84
million on $1.38 million of sales for the same period last year.

Net Loss for the six months ended June 30, 2014, was $673,512 on
$3.79 million of sales compared to a net loss of $2.98 million on
$3.07 million of sales for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $746,339 in
total assets, $9.19 million in total liabilities, $3.17 million in
series D redeemable convertible preferred stock, and a $11.62
million stockholder's deficit.

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

                        http://is.gd/veJbea

                       About Assured Pharmacy

Headquartered in Frisco, Texas, Assured Pharmacy, Inc., is engaged
in the business of establishing and operating pharmacies that
specialize in dispensing highly regulated pain medication for
chronic pain management.

The Company was organized as a Nevada corporation on Oct. 22,
1999, under the name Surforama.com, Inc., and previously operated
under the name eRXSYS, Inc.  The Company changed its name to
Assured Pharmacy, Inc., in October 2005.

In their report on the consolidated financial statements for the
year ended Dec. 31, 2013, BDO USA, LLP, expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has suffered recurring losses from
operations and has a net capital deficiency.

The Company reported a net loss of $3.36 million on $5.19 million
of sales in 2013, compared with a net loss of $4 million on $5.64
million of sales in 2012.


AUTOMATED BUSINESS: New Financing to Fund Plan Payments
-------------------------------------------------------
Automated Business Power, Inc., et al.'s First Amended Plan of
Reorganization provides that the funds necessary to implement the
Plan will be generated from, among other things, (i) cash receipts
fro operations; and (ii) the acquisition by the Debtors of new
financing in an amount sufficient to pay the Class 1 claim in full
and if possible, also the Allowed Classes 2 and 3 Claims.  A copy
of the Plan dated May 29, 2014, is available at:
http://bankrupt.com/misc/AutomatedBus_200_194_Suppdoc_1stAplan.pdf

                  About Automated Business Power

Military supplier Automated Business Power, Inc., and Automated
Business Power Holding Co. filed their Chapter 11 petitions
(Bankr. D. Md. Case Nos. 13-27123 and 13-27125) on Oct. 8, 2013.

Automated Business Power has been engaged in the design and
production of advanced filed deployable uninterruptible power
supplies, AC-to-DC power supplier, DC-to-DC converters,
uninterruptible power systems, Power/Voice/Data cases, speakers,
speaker/voice systems and ancillary equipment tactical
transceivers, power amplifiers, SATCOM, and other communications
equipment.

The petitions were signed by Daniel Akman as president.  The
Debtors estimated assets of at least $50 million and liabilities
of at least $10 million.

The Debtor is represented by Nelson C. Cohen, Esq., at Zuckerman
Spaeder LLP, in Washington, D.C.  The Debtor tapped Dickinson
Wright and Michael R. Holzman as Special ESOP Plan Counsel.

PNC Bank is represented by James M. Smith, Esq., and Lisa Bittle
Tancredi, Esq., at Gebhardt & Smith LLP.


AXION INTERNATIONAL: Incurs $20.6-Mil. Net Loss in Second Quarter
-----------------------------------------------------------------
Axion International Holdings, Inc., 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
$20.61 million on $4.05 million of revenue for the three months
ended June 30, 2014, compared to net income attributable to common
shareholders of $3.10 million on $1.49 million of revenue 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 $17.42 million on
$8.90 million of revenue compared to a net loss attributable to
common shareholders of $4.17 million on $3.25 million of revenue
for the same period in 2013.

As of June 30, 2014, the Company had $16.40 million in total
assets, $34.04 million in total liabilities, $6.94 million in 10%
convertible preferred stock, and a $24.58 million total
stockholders' deficit.

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

                        http://is.gd/bAdkGa

                     About Axion International

New Providence, N.J.-based Axion International Holdings, Inc. (OTC
BB: AXIH) - http://www.axionintl.com/-- is the exclusive licensee
of patented and patent-pending technologies developed for the
production of structural plastic products such as railroad
crossties, pilings, I-beams, T-Beams, and various size boards
including a tongue and groove design that are utilized in multiple
engineered design solutions such as rail track, rail and tank
bridges (heavy load), pedestrian/park and recreation bridges,
marinas, boardwalks and bulk heading to name a few.

AXION International reported a net loss of $24.19 million on $6.63
million of revenue in 2013, compared to a net loss of $5.43
million on $5.34 million of revenue in 2012.

Following the 2013 results, BDO USA, LLP, expressed substantial
doubt about the Company's ability to continue as a going concern,
stating that the Company has suffered recurring losses from
operations and has working capital and net capital deficiencies.
BDO USA, LLP also issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2012.


BAPTIST HOME: Creditors Have Until Oct. 16 to File Claims
---------------------------------------------------------
The Bankruptcy Court established Oct. 16, 2014, as the deadline
for any individual or entity ? except governmental entities -- to
file proofs of claim against The Baptist Home of Philadelphia
doing business as Deer Meadows Retirement Community, et al.
Governmental units have until Oct. 22, 2014 to file proofs of
claims.

             About The Baptist Home of Philadelphia

The Baptist Home of Philadelphia and The Baptist Home Foundation
sought Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 14-13305
and 14-13306) in Philadelphia on April 25, 2014.

Baptist Home of Philadelphia is a Pennsylvania nonprofit
corporation that owns and operates a continuing care retirement
community known as "Deer Meadows Retirement Community", which is
located at 8301 Roosevelt Boulevard, Philadelphia, Pennsylvania.
Home offers 126 living accommodations, which vary in size, for
independent living and personal care.  It presently also has 206
skilled nursing beds in the nursing and rehabilitation center that
offers short and long term care.  It has 369 employees.

Baptist Home of Philadelphia disclosed $37,330,904 in assets and
$34,562,834 in liabilities as of the Chapter 11 filing.

The Debtors have tapped Cozen O'Connor as counsel and KPMG
Corporate Finance LLC as financial advisor and investment banker.

The U.S. Trustee appointed Wilmarie Gonzalez as patient care
ombudsman.

U.S. Bank National Association, the trustee with regard to the
secured bond indebtedness, hired Reed Smith LLP as counsel and
CohnReznick LLP as financial advisor.

Pepper Hamilton LLP represents the Official Committee of Unsecured
Creditors.


BAPTIST HOME: Oct. 1 Hearing on Bid for Exclusivity Extensions
--------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Oct. 1, 2014, at
11:00 a.m., to consider The Baptist Home of Philadelphia, et al.'s
motion for exclusivity extensions.  Objections, if any, are due
Sept. 24.

The Debtors are requesting for an extension of their time to file
a plan of reorganization until Oct. 22, 2014, and solicit
acceptances for that plan until Dec. 22.  This was the Debtors'
first request for an extension.

              About The Baptist Home of Philadelphia

The Baptist Home of Philadelphia and The Baptist Home Foundation
sought Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 14-13305
and 14-13306) in Philadelphia on April 25, 2014.

Baptist Home of Philadelphia is a Pennsylvania nonprofit
corporation that owns and operates a continuing care retirement
community known as "Deer Meadows Retirement Community", which is
located at 8301 Roosevelt Boulevard, Philadelphia, Pennsylvania.
Home offers 126 living accommodations, which vary in size, for
independent living and personal care.  It presently also has 206
skilled nursing beds in the nursing and rehabilitation center that
offers short and long term care.  It has 369 employees.

Baptist Home of Philadelphia disclosed $37,330,904 in assets and
$34,562,834 in liabilities as of the Chapter 11 filing.

The Debtors have tapped Cozen O'Connor as counsel and KPMG
Corporate Finance LLC as financial advisor and investment banker.

The U.S. Trustee appointed Wilmarie Gonzalez as patient care
ombudsman.

U.S. Bank National Association, the trustee with regard to the
secured bond indebtedness, hired Reed Smith LLP as counsel and
CohnReznick LLP as financial advisor.

Pepper Hamilton LLP represents the Official Committee of Unsecured
Creditors.


BIOFUELS POWER: Delays Second Quarter Form 10-Q
-----------------------------------------------
Biofuels Power Corp. disclosed with the U.S. Securities and
Exchange Commission that its financial statements for the quarter
ended June 30, 2014, are not yet ready for distribution as a
result of recent measures the Company has taken with regard to
efforts to sign operating agreements which will effect subsequent
events at the balance sheet date.

                          Biofuels Power

Humble, Tex.-based Biofuels Power Corporation is a distributed
energy company that is pioneering the use of biodiesel to fuel
small electric generating facilities that are located in close
proximity to end-users.  BPC's first power plant is currently
located near Houston, Texas in the city of Oak Ridge North.

Biofuels Power reported a net loss of $606,556 on $0 of sales for
the year ended Dec. 31, 2013, as compared with net income of
$342,456 on $0 of sales in 2012.

The Company's balance sheet at March 31, 2014, showed $1.21
million in total assets, $6.24 million in total liabilities and a
$5.03 million total stockholders' deficit.

Clay Thomas, P.C., in Abilene, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered significant losses and will require
additional capital to develop its business until the Company
either (1) achieves a level of revenues adequate to generate
sufficient cash flows from operations; or (2) obtains additional
financing necessary to support its  working capital requirements.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


BLX GROUP: 9th Cir. Rejects Tim Blixseth's Plan Appeal
------------------------------------------------------
A three-judge panel of the United States Court of Appeals, Ninth
Circuit tossed an appeal by Timothy L. Blixseth from the district
court's order dismissing his appeal of the bankruptcy court's
order confirming the Modified Third Amended Plan of Liquidation
for the BLX Group, Inc. Bankruptcy Estate.

"The district court properly concluded that Blixseth does not have
appellate standing with regard to the order he did appeal, the
Confirmation Order, because he was not a "person aggrieved" by
that order," according to the Ninth Circuit.

"We affirm the dismissal of the appeal," the Ninth Circuit said in
its August 26 Memorandum available at http://is.gd/ay3Ef1from
Leagle.com.

The case is, TIMOTHY L. BLIXSETH, Appellant, v. CARL A. EKLUND,
Esquire, Chapter 11 Trustee of BLX Group, Inc., Appellee, No. 13-
35122 (9th Cir.).

Marc S. Kirschner, as trustee of the Yellowstone Club Liquidating
Trust, owed $190 million, together with two other creditors filed
an involuntary chapter 11 petition (Bankr. D. Mont. Case No. 09-
61893) on Sept. 21, 2009.  Charles W. Hingle, Esq., at Holland &
Hart LLP in Billings, Mont., represented the Petitioners.


BON-TON STORES: Former CEO to Step Down From Board on Sept. 9
-------------------------------------------------------------
The Bon-Ton Stores, Inc., disclosed in a regulatory filing with
the U.S. Securities and Exchange Commission that Brendan L.
Hoffman will continue to serve as a director of the Company
through the meeting of the Board of Directors currently scheduled
for Sept. 9, 2014, at which time Mr. Hoffman will resign as a
director of the Company.

Mr. Hoffman's employment as president and chief executive officer
of the Company ceased effective as of Aug. 25, 2014.  Mr. Hoffman
will continue to work with the Company through a transition
period.

                        About Bon-Ton Stores

The Bon-Ton Stores, Inc. -- http://www.bonton.com-- with
corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, operates 272 department stores, which includes 10
furniture galleries, in 25 states in the Northeast, Midwest and
upper Great Plains under the Bon-Ton, Bergner's, Boston Store,
Carson's, Elder-Beerman, Herberger's and Younkers nameplates.  The
stores offer a broad assortment of national and private brand
fashion apparel and accessories for women, men and children, as
well as cosmetics and home furnishings.

Bon-Ton Stores reported a net loss of $3.55 million for the fiscal
year ended Feb. 1, 2014, a net loss of $21.55 million for the year
ended Feb. 2, 2013, and a net loss of $12.12 million for the year
ended Jan. 28, 2012.  The Company's balance sheet at May 3, 2014,
showed $1.56 billion in total assets, $1.47 billion in total
liabilities and $96.05 million in total shareholders' equity.

                           *     *     *

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

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

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


BOREAL WATER: Raises $140K From Strategic Funding Factoring Deal
----------------------------------------------------------------
Boreal Water Collection, Inc., entered into a "Revenue Based
Factoring (RBF/ACH) Agreement" with Strategic Funding Source,
Inc., on Aug. 14, 2014, according to a Form 8-K filed with the
U.S. Securities and Exchange Commission.  The Company, pursuant to
the Agreement, sold future receipts, accounts, written contracts
and other obligations to SFS.  SFS purchased a total of $140,000
in receipts, which payment was received by the Company on Aug. 22,
2014.

The Agreement has an indefinite term, lasting until the Company
completes its obligations.  SFS has a security interest in all
accounts, chattel paper, equipment, general intangibles,
instruments and inventory.  Mrs. Francine Lavoie, sole member of
the Board of Directors and Company CEO, has also personally
guaranteed the Agreement.  The Agreement is governed by New York
law.

A copy of the regulatory filing is available for free at:

                       http://is.gd/Y1fm8O

                         About Boreal Water

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

Boreal Water reported net income of $849,748 on $2.15 million of
sales for the year ended Dec. 31, 2013, as compared with a net
loss of $822,902 on $2.68 million of sales in 2012.

The Company's balance sheet at March 31, 2014, showed $3.07
million in total assets, $2.54 million in total liabilities and
$536,291 in total stockholders' equity.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditor noted
that the Company has incurred a deficit of approximately $2.5
million and has used approximately $400,000 of cash due to its
operating activities in the two years ended Dec. 31, 2013.  The
Company may not have adequate readily available resources to fund
operations through Dec. 31, 2014.  This raises substantial doubt
about the Company's ability to continue as a going concern.


BUENA VISTA OCEANSIDE: Court Tosses Lawsuit Against Tenant
----------------------------------------------------------
BUENA VISTA OCEANSIDE, LLC, Plaintiff, v. HOLISTIX 24, INC,
HOLISTIX BY THE SEA, LLC, KEVIN SPARKS AND RYAN ZOFAY, Defendants,
Adv. Proc. No. 14-02078-CMB (Bankr. W.D. Pa.), is dismissed for
the Court's lack of subject-matter jurisdiction to adjudicate the
adversary proceeding, Bankruptcy Judge Carlota M. Bohm ruled in an
August 25 Memorandum Order available at http://is.gd/FXd3MAfrom
Leagle.com.

The Debtor commenced the lawsuit on April 9, 2014, asserting post-
petition claims for breach of contract, fraud, imposition of
constructive trust, and piercing the corporate veil under a
commercial lease agreement with Holistix.  The Debtor avers that
by October 2013, Holistix was delinquent in rent to the Debtor in
excess of $100,000.

The Defendants sought dismissal of the Complaint.

Jeffrey A. Hulton, Esq., represents Buena Vista Oceanside.

Erica L. Koehl, Esq., and Norman E. Gilkey, Esq., represent the
Defendants.

Buena Vista Oceanside, LLC, filed a petition under Chapter 7 of
the Bankruptcy Code (Banr. W.D. Pa. Case No. 11-24516) on July 20,
2011, which was subsequently converted to a case under Chapter 11
on August 9, 2011.  The Debtor filed its Fifth Amended Plan of
Reorganization and Fifth Amended Disclosure Statement to Accompany
Amended Plan Dated March 11, 2013, on March 11, 2013, which was
confirmed by the Court on May 29, 2013.  On November 20, 2013, the
Debtor filed Debtor's Motion for Final Decree in Accordance with
11 U.S.C. Sec. 1106(a)(7) and Report of Debtor.


CABEL PROPERTIES: Middle Creek, Goodwin Seeks Case Dismissal
------------------------------------------------------------
Middle Creek and William R. Goodwin seek to dismiss the chapter 11
case filed by the debtor Cabel Properties on the ground of bad
faith.  Middle Creek and Goodwin, in the alternative, ask the
court to grant automatic stay to litigate the disputes.

The Movants allege that the filing of the chapter 11 case by the
debtor is a means to obtain a tactical litigation advantage in
connection with a contract dispute between the parties.

On January 26, 2009, Middle Creek and Goodwin entered into a
purchase agreement with George P. Cabel, the Debtor's owner, for
the purchase of a property. The purchase agreement expressly
states that the sale of the property to Mr. Cabel is subject to
the existing lease between Goodwin and E.R. Linde Construction
Corp. and to the right of first refusal between Goodwin and Linde.

Linde exercised its right of first refusal and obtained on June 7,
2013, an injunction prohibiting the sale of the property. On May
2, 2013, the movants entered into a mutual release agreement with
Mr. Cabel. The agreement required the closing of the sale by
August 30, 2013. However, it was only on February 24, 2014 that
the movants reached a settlement, resulting in the recording of a
deed which granted a 50% undivided interest in the property to
Goodwin and a 50% undivided interest to Linde.

The debtor files it objection to the motion to dismiss the chapter
11 case.

On May 20, 2014, the debtor commenced a chapter 11 case for the
purpose of assuming the purchase agreement, as modified by the
mutual release agreement, and to consummate the sale of the
property.

The Debtor asserts that the court has exclusive jurisdiction to
assume the purchase agreement under section 365 of the bankruptcy
code. Hence, the commencement of the chapter 11 case is not
tainted with bad faith as it is the court that has the appropriate
forum to adjudicate the propriety of its assumption of the mutual
release agreement, a remedy available exclusively in the
bankruptcy forum.

On the other hand, relative to the filing of the movants of the
motion to dismiss, Linde seeks to intervene by requesting the
court to declare the purchase agreement terminated, not capable of
assumption and time-barred under its own term and under the
provisions of the bankruptcy code.

In opposition to the intervention of Linde, the Debtor asserts
that Linde does not hold a claim, and is not a creditor, within
the meaning of the Bankruptcy Code.

Middle Creek Quarry and William R. Goodwin are represented by:

     Barry D. Kleban, Esq.
     Aaron S. Applebaum, Esq.
     McELROY, DEUTSCH, MULVANEY & CARPENTER, LLP
     1617 John F. Kennedy
     Philadelphia, PA 19103-1815
     Tel: 215-557-2900

E.R. Linde Construction is represented by:

     Eugene C. Kelley, Esq.
     KELLEY, POLISHAN, WALSH & SOLFANELLI, LLC
     259 South Keyser Avenue
     Old Forge PA 18518
     Tel: 570-562-4520
     Fax: 570-562-4531
     Email: ekelley@kpwslaw.com

Cabel Properties is represented by:

     Jeffrey Kurtzman, Esq.
     KLEHR HARRISON HARVEY BRANZBURG
     1835 Market Street, Suite 1400
     Philadelphia, PA 19103
     Telephone: (215) 569-4493
     E-mail: Jkurtzman@klehr.com

                     About Cabel Properties

Cabel Properties, LLC, filed a Chapter 11 petition (Bankr. M.D.
Pa. Case No. 14-02370) in Wilkes-Barre, Pennsylvania, on May 20,
2014.  The Debtor estimated assets of $10 million to $50 million
and debt of $50,000 to $100,000.  Judge John J Thomas oversees the
case.  The Tafton, Pennsylvania-based company is represented by
Jeffrey D Kurtzman, Esq., at Klehr, Harrison, Harvey, Branzburg
LLP, in Philadelphia, as counsel.


CAESARS ENTERTAINMENT: CERP Incurs $32MM Loss in Second Quarter
---------------------------------------------------------------
Caesars Entertainment Corporation filed with the U.S. Securities
and Exchange Commission a copy of the financial statements of
Caesars Entertainment Resort Properties, LLC, for the period ended
June 30, 2014.  The Form 10-Q was filed for presentation purposes
only.

CERP incurred a net loss of $32.3 million on $538.2 million of net
revenues for the three months ended June 30, 2014, compared to net
income of $42.5 million on $526.5 million of net revenues for the
same period in 2013.  As of June 30, 2014, the Company had $7.37
billion in total assets, $6.27 billion in total liabilities and
$1.10 billion in total owner's equity.

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

                        http://is.gd/YTp9WH

                       Supplemental Indentures

Caesars Entertainment Corporation previously consummatied the
transaction contemplated by the Note Purchase and Support
Agreement entered into as of Aug. 12, 2014, by and among CEC,
Caesars Entertainment Operating Company, Inc., and certain holders
of CEOC's outstanding 5.75% Senior Notes due 2017 and 6.50% Senior
Notes due 2016.

In connection with the closing of the Transaction, CEOC entered
into supplemental indenture including (i) the First Supplemental
Indenture, dated as of Aug. 22, 2014, between CEOC and Law
Debenture Trust Company of New York, as trustee, relating to the
5.75% Notes, and (ii) the First Supplemental Indenture, dated as
of Aug. 22, 2014, among CEOC, CEC and the Trustee, relating to the
6.50% Notes, which, in each case removed the provisions relating
to CEC's guarantee of the 5.75% Notes and 6.50% Notes,
respectively.

Copies of the Indentures are available for free at:

                        http://is.gd/jrzw92and
                        http://is.gd/vG10dm

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies.  Caesars casino resorts operate under the Caesars,
Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names.
The Company has its corporate headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's in mid-November
2010.

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.  As of
June 30, 2014, the Company had $27.06 billion in total assets,
$29.64 billion in total liabilities and a $2.57 billion
total deficit.

                           *     *     *

As reported by the TCR on April 9, 2013, Moody's Investors Service
downgraded Caesars Entertainment Corporation's Corporate Family
Rating to Caa2.

"The downgrade of Caesars' ratings considers that its same store
EBITDA growth in 2012-2013 has failed to materialize to any
significant degree, and so Caesars' credit metrics have
deteriorated and its free cash flow deficit will be higher than
Moody's previous expectations," stated Moody's analyst Peggy
Holloway.

In the April 10, 2014, edition of the TCR, Standard & Poor's
Ratings Services lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiaries, Caesars Entertainment Operating Co. (CEOC) and
Caesars Entertainment Resort Properties (CERP), as well
as the indirectly majority-owned Chester Downs and Marina, to
'CCC-' from 'CCC+'.  The downgrade reflects S&P's expectation that
Caesars' capital structure is unsustainable, and the amount of
cash the company will burn in 2014 and 2015 creates conditions
under which S&P believes a restructuring of some form is
increasingly likely over the near term absent an unanticipated
significantly favorable change in operating performance.

As reported by the TCR on May 1, 2014, Fitch Ratings had
downgraded the Issuer Default Ratings (IDRs) of Caesars
Entertainment Corp (CEC) and Caesars Entertainment
Operating Company (CEOC) to 'CC' from 'CCC'.


CARTER'S GROVE: Liquidation Plan Confirmed; Assets Sold to Lender
-----------------------------------------------------------------
Judge Stephen C. St. John of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Newport News Division, confirmed in
May the Second Amended Plan of Liquidation filed by Stanley J.
Samorajczyk, the Chapter 11 trustee for Carter's Grove, LLC,
following the court's March approval of the disclosure statement
explaining the Plan.

The Plan provides that Carter's Grove -- a historic 400 acre
property located in Grove, James City County, Virginia, improved
by a plantation house, stables and underground museum -- and
Martin's Beach -- a parcel of unimproved land located adjacent to
Carter's Grove -- and the Debtor's other tangible assets will be
sold free and clear of liens and encumbrances and that the
proceeds of the sale will be disbursed to creditors with allowed
claims.  On June 20, Judge St. John approved the sale of the
Debtor's assets to The Colonial Williamsburg Foundation, which
offered a credit bid of $7,400,000 representing the entire value
of the claim it possesses against the Debtor's estate.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/CARTERSGROVEds0312.pdf

                        About Carter's Grove

San Francisco, California-based Carter's Grove, LLC, owns the
historic Williamsburg, Virginia-area mansion named Carter's
Grove.  Halsey M. Minor owns the Company and bought the Carter's
Grove mansion for $15.3 million in 2007, at the height of the real
estate bubble.

Carter's Grove filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Calif. Case No. 11-30554) on Feb. 14, 2011.  Debra I.
Grassgreen, Esq., and John W. Lucas, Esq., at Pachulski, Stang,
Ziehl, and Jones LLP, San Francisco, Calif.; Robert S. Westermann,
Esq., and Sheila deLa Cruz, Esq., at Hirschler Fleischer, P.C., in
Richmond, Va., serve as the Debtor's bankruptcy counsel.  Conway
MacKenzie, Inc., serves as financial restructuring advisors to
assist it during the Chapter 11 case, and perform other consulting
services necessary to the Debtor's continuing operations.  In its
schedules, the Debtor disclosed $21.2 million in assets and
$12.5 million in liabilities.

On Aug. 1, 2011, the U.S. Bankruptcy Court for the Northern
District of California approved the transfer of the Chapter 11
case of Carter's Grove, LLC to the Bankruptcy Court for the
Eastern District of Virginia, Newport News Division.

On April 4, 2012, the U.S. Trustee appointed Stanley J.
Samorajczyk as Chapter 11 trustee of the Debtor's estate.  The
trustee tapped McNamee Hosea Jernigan Kim Greenan & Lynch, P.A.,
and Willcox & Savage, P.C., as his co-counsels.


CHIQUITA BRANDS: Seeks to Reassure Investors on Fyffes Deal
-----------------------------------------------------------
Chad Bray, writing for The New York Times' DealBook, reported that
Chiquita Brands International and Fyffes tried to reassure
investors about their planned merger, saying that they now
expected the combined company to achieve an additional $20 million
in annual cost savings by 2016.  According to the report, the
announcement comes about two weeks after Chiquita, based in
Charlotte, N.C., rejected an unsolicited rival bid from the
Cutrale Group and the Safra Group, both of Brazil.  The Brazilian
bidders, which offered to pay $13 a share or $611 million for
Chiquita, have urged shareholders at a special investor meeting
set for Sept. 17 to reject Chiquita's plans to take over Fyffes of
Ireland, the DealBook said.

                           *     *     *

The March 17, 2014 edition of The Troubled Company Reporter
reported that Standard & Poor's Ratings Services revised its
rating outlook on Chiquita Brands International Inc. to positive
from stable.  At the same time, S&P affirmed the 'B' corporate
credit rating, 'B' senior secured debt rating, and 'CCC+'
unsecured debt rating on the company.

The TCR, on Jan. 30, 2014, reported that Moody's Investors Service
changed the rating outlook for Chiquita Brands International Inc.
to stable from negative while affirming all ratings of the
company, including its B2 Corporate Family Rating (CFR) and B2-PD
Probability of Default Rating (PDR).  Moody's also affirmed the
company's SGL-3 liquidity rating. The change in the outlook to
stable reflects Moody's expectation for continued improvement in
Chiquita's credit metrics, which have recently benefitted from
margin improvement largely as a result of cost saving initiatives.

The Aug. 14, 2014, edition of the TCR reported that Moody's
Investors Service views the proposed non-binding all cash bid from
Cutrale Group and Safra Group to acquire Chiquita Brands
International, Inc. favorably but it does not impact Chiquita's B2
CFR or developing outlook.


CHRISTIAN FAMILY WORSHIP: Case Summary & 6 Unsecured Creditors
--------------------------------------------------------------
Debtor: Christian Family Worship Center of South Florida, Inc.
           dba The Oasis Miami
        27500 Old Dixie Highway
        Homestead, FL 33032

Case No.: 14-29129

Chapter 11 Petition Date: August 26, 2014

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

Judge: Hon. Robert A Mark

Debtor's Counsel: Joe M. Grant, Esq.
                  MARSHALL SOCARRAS GRANT, P.L.
                  197 S. Federal Hwy #300
                  Boca Raton, FL 33432
                  Tel: (561) 3611000
                  Fax: 561.672.7581
                  Email: jgrant@msglaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Travis Spaulding, director/treasurer.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb14-29129.pdf


CICERO INC: Incurs $683,000 Net Loss in Second Quarter
------------------------------------------------------
Cicero, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
applicable to common stockholders of $683,000 on $553,000 of total
operating revenue for the three months ended June 30, 2014, as
compared with a net loss applicable to common stockholders of
$896,000 on $595,000 of total operating revenue for the same
period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss applicable to common stockholders of $1.43 million on $1.09
million of total operating revenue, compared with a net loss
applicable to common stockholders of $1.94 million on $1.09
million of total operating revenue for the same period last year.

As of June 30, 2014, the Company had $3.15 million in total
assets, $13.15 million in total liabilities and a $9.99 million
total stockholders' deficit.

Cash and cash equivalents increased to $50,000 at June 30, 2014
from $5,000 at Dec. 31, 2013, an increase of $45,000.

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

                         http://is.gd/42Bksi

                          About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

The Company has extended the maturity dates of several debt
obligations that were due in 2011 to 2012, to assist with
liquidity and may attempt to extend these maturities again if
necessary.  Despite the recent additions of several new clients,
the Company continues to struggle to gain additional sources of
liquidity on terms that are acceptable to the Company.

Cicero reported a net loss applicable to common stockholders of
$3.33 million on $2.19 million of total operating revenue for the
year ended Dec. 31, 2013, as compared with a net loss applicable
to common stockholders of $315,000 on $5.99 million of total
operating revenue in 2012.

Cherry Bekaert LLP, in Raleigh, North Carolina, 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 suffered recurring losses from operations and
has a working capital deficiency as of Dec. 31, 2013.


CIRCLE STAR: Expects $2 Million Net Loss in Fiscal 2014
-------------------------------------------------------
Circle Star Energy Corp. filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its annual report on Form 10-K for the period
ended April 30, 2014.  The Company was unable to gather certain
business information in a timely manner in order to file its
Annual Report on Form 10-K for the fiscal year ended April 30,
2014, by the filing deadline.  The Company said it will file its
Annual Report within the 15 day extension period.

The Company expects to report a loss of approximately $2,000,000
for the year ended April 30, 2014, as compared to the loss of
$10,812,694 for the year ended April 30, 2013.

                         About Circle Star

Fort Worth, Tex.-based Circle Star Energy Corp. (OTC BB: CRCL)
owns a variety of non-operated working interests and overriding
royalty interests in approximately 73 producing wells in Texas.
The interests range from less than 1% up to approximately 5% in
each well.  The wells are located in the following areas:  Permian
Basin, Eagle Ford Shale, Pearsall Field, Giddings Field & the
Woodbine Field.  The wells are operated by Apache (Permian),
Chesapeake (Eagle Ford Shale), CML (Giddings, Pearsall & Permian),
Leexus (Giddings) and Woodbine Acquisitions (Woodbine).   As of
April 30, 2013, the Company had approximately 430 net leased acres
in Texas.

The Company also operates 2 wells in Kansas.  The Company owns a
25% working interest (approximately 20% net revenue interest)
before payout and a 43.75% working interest (approximately 35% net
revenue interest) after payout in both wells which are located in
Trego County.  As of July, 31, 2013, the Company had approximately
9,838 net leased acres in Kansas.  Approximately 1,480 are located
in Trego County and approximately 8,358 are located in Sheridan
County.  There are multiple potential pay zones of interest with
the primary zones of interest being the Arbuckle, Marmaton &
Lansing-Kansas City ranging from approximately 3,200 feet to
approximately 4,300 feet in depth.

The Company's balance sheet at July 31, 2013, showed $3.38 million
in total assets, $5.77 million in total liabilities, and a
$2.38 million total stockholders' deficit.


COATES INTERNATIONAL: Board Approves Anti-Dilution Program
----------------------------------------------------------
The board of directors of Coates International, Ltd., consented to
an anti-dilution program which provides that shares of Series B
Convertible Preferred Stock be issued to Gregory G. Coates
whenever new shares of common stock are issued to non-Coates
family members in order to maintain his ownership percentage of
common stock at 5.31% of the pro forma number of shares of common
stock outstanding, assuming all shares of Series B Convertible
Preferred Stock are converted to common stock.  This was his
percentage ownership of common stock at Dec. 31, 2002.  The number
of those shares issued on July 28, 2014, based on this program was
29,002.

On July 28, 2014, the board of directors consented to an anti-
dilution program which provides that shares of Series B
Convertible Preferred Stock be issued to Barry C. Kaye whenever
new shares of common stock are issued to non-Coates family members
in order to maintain his ownership percentage of common stock at
0.04157% of the pro forma number of shares of common stock
outstanding, assuming all shares of Series B Convertible Preferred
Stock are converted to common stock.  This was his weighted
average percentage ownership of common stock he purchased, based
on the number of shares of common stock outstanding on each date
he acquired additional shares of common stock.  The number of
those shares issued on July 28, 2014, based on this program was
2,069.

The issuance of these shares of Series B Convertible Preferred
Stock to Gregory G. Coates and Barry C. Kaye triggered the
issuance of an additional 115,006 shares of Series B Convertible
Preferred Stock to George J. Coates, in accordance with the anti-
dilution program in effect for George J. Coates.  After this
issuance to George J. Coates, he held a total of 371,670 shares of
Series B Convertible Preferred Stock.

Each share of Series B entitles the holder to 1,000 votes at any
meeting where corporate matters are brought before the
shareholders for a vote.  The Series B is restricted, unregistered
stock which is not convertible until the second annual anniversary
after the date of issue, after which each share is freely
convertible into 1,000 restricted, unregistered shares of common
stock.  In the event of a sale or change of control of the
Corporation, the Series B will become immediately convertible.

Under this new anti-dilution Plan, for each new share of common
stock issued by the Corporation to non-Coates family members in
the future, additional shares of Series B Convertible Preferred
Stock will be issued to Gregory G. Coates and Barry C. Kaye equal
to that number of shares of Series B required to maintain their
ownership percentage of outstanding shares of common stock
outstanding on a pro forma basis, at 5.31% and 0.04157,
respectively.

After the issuances of shares of Series B Convertible Preferred
Stock issued on July 28, 2014, there were a total of 402,741
shares of Series B Convertible Preferred Stock outstanding.

These anti-dilution provisions do not apply to new shares of
common stock issued in connection with exercises of employee stock
options, a public offering of the Corporation's securities or a
merger or acquisition.

In the event that all of the 402,741 shares of Series B
Convertible Preferred Stock outstanding as of July 29, 2014, were
converted, once the conversion restrictions lapse, an additional
402,741,000 new restricted shares of common stock would be issued.
On a pro forma basis, based on the number of shares of common
stock outstanding as of July 29, 2014, this would dilute the
ownership percentage of non-affiliated stockholders from 30.0% to
15.1%.

To the extent that additional shares of Series B are issued under
the anti-dilution plan, the non-affiliated stockholders'
percentage ownership of the Corporation would be further diluted.

                     About Coates International

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was incorporated
on August 31, 1988, for the purpose of researching, patenting and
manufacturing technology associated with a spherical rotary valve
system for internal combustion engines.  This technology was
developed over a period of 15 years by Mr. George J. Coates, who
is the President and Chairman of the Board of the Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International reported a net loss of $2.75 million on
$19,200 of total revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $4.53 million on $19,200 of total
revenues for the year ended Dec. 31, 2012.

As of March 31, 2014, the Company had $2.36 million in total
assets, $5.48 million in total liabilities and a $3.11 million
total stockholders' deficiency.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company continues to have negative cash
flows from operations, recurring losses from operations, and a
stockholders' deficiency.


COCRYSTAL PHARMA: Posts $4.7 Million Net Income in Second Quarter
-----------------------------------------------------------------
Cocrystal Pharma, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $4.73 million for the three months ended June 30,
2014, as compared with a net loss of $1.03 million for the same
period in 2013.

For the six months ended June 30, 2014, the Company reported net
income of $4.35 million compared with a net loss of $2.08 million
for the same period last year.

The Company is focused on research and development of novel
medicines for use in the treatment of human viral diseases.
Accordingly, the Company had no revenue for the three months and
six months ended June 30, 2014, and 2013.

As of June 30, 2014, the Company had $12.96 million in total
assets, $6.91 million in total liabilities and $6.05 million in
total stockholders' equity.

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

                        http://is.gd/uKfnht

                      About Cocrystal Pharma

Cocrystal Pharma, Inc.'s primary business going forward is to
develop novel medicines for use in the treatment of human viral
diseases.  Cocrystal has been developing novel technologies and
approaches to create first-in-class and best-in-class antiviral
drug candidates since its initial funding in 2008.  Subsequent
funding was provided to Cocrystal Discovery, Inc., by Teva
Pharmaceuticals Industries, Ltd., or Teva, in 2011.  The Company's
focus is to pursue the development and commercialization of broad-
spectrum antiviral drug candidates that will transform the
treatment and prophylaxis of viral diseases in humans.  By
concentrating its research and development efforts on viral
replication inhibitors, the Company plans to leverage its
infrastructure and expertise in these areas.

On Jan. 2, 2014, Biozone Pharmaceuticals, Inc., merged with
Cocrystal Discovery, Inc.  The Company was previously incorporated
in Nevada under the name Biozone Pharmaceuticals, Inc.  On
March 18, 2014, the Company reincorporated in Delaware under the
name Cocrystal Pharma, Inc..

Biozone incurred a net loss of $7.96 million in 2012, as compared
with a net loss of $5.45 million in 2011.

Paritz and Company. P.A., in Hackensack, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements of Biozone for the year ended Dec. 31, 2012.  The
independent auditors noted that the Company has incurred operating
losses for its last two fiscal years, has a working capital
deficiency of $5,255,220, and an accumulated deficit of
$14,128,079.  These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.


CORD BLOOD: Incurs $845,000 Net Loss in Second Quarter
------------------------------------------------------
Cord Blood America, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to the Company of $845,759 for the three
months ended June 30, 2014, compared to a net loss attributable to
the Company of $402,986 for the same period in 2013.  Revenues for
the quarter ended June 30, 2014, were $1.53 million compared to
revenues of $1.48 million for the same period last year.

For the six months ended June 30, 2014, Cord Blood reported a net
loss attributable to the Company of $1.28 million on $2.95 million
in revenue compared to a net loss attributable to the Company of
$945,032 on $2.94 million of revenue for the same period during
the previous year.

As of June 30, 2014, the Company had $5.64 million in total
assets, $7.24 million in total liabilities and a $1.59 million
total deficit.

Joseph Vicente, president of Cord Blood America, Inc., commented
"One of the key drivers to our future success stems from our
ability create new revenue streams while leveraging our existing
infrastructure which creates expanded brand recognition, diversity
in our revenue base and the ability to attract marketing
relationships with key healthcare groups.  We have seen this
firsthand from our tissue product launch last year which has
increased our average per-customer recurring storage revenue by
over 50%.  We expanded on this initiative further in the second
quarter with the launch of another new service offering for the
isolation and expansion of mesenchymal stem cells, one of the
fastest growing areas of stem cell research and expect this
product to further increase our average per- customer storage fee
revenue going forward.  In addition to these recently launched
products, we are working to continually identify new complimentary
service offerings to provide our customers with the best in class
product suite."

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

                         http://is.gd/cX6DCm

                      About Cord Blood America

Based in Las Vegas, Nevada, Cord Blood America, Inc., is primarily
a holding company whose subsidiaries include Cord Partners, Inc.,
CorCell Co. Inc., CorCell Ltd.; CBA Professional Services, Inc.
D/B/A BodyCells, Inc.; CBA Properties, Inc.; and Career Channel
Inc, D/B/A Rainmakers International.  Cord specializes in
providing private cord blood stem cell preservation services to
families.  BodyCells is a developmental stage company and intends
to be in the business of collecting, processing and preserving
peripheral blood and adipose tissue stem cells allowing
individuals to privately preserve their stem cells for potential
future use in stem cell therapy.  Properties was formed to hold
the corporate trademarks and other intellectual property of CBAI.
Rain specializes in creating direct response television and radio
advertising campaigns, including media placement and commercial
production.

Cord Blood reported a net loss of $2.97 million on $5.97 million
of revenue for the year ended Dec. 31, 2013, as compared with a
net loss of $3.49 million on $5.99 million of revenue in 2012.

Rose, Snyder & Jacobs, LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has sustained recurring operating losses and has
an accumulated deficit at Dec. 31, 2012.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CRUMBS BAKE: Alan Chapell Named as Consumer Privacy Ombudsman
-------------------------------------------------------------
Roberta A. Deangelis, U.S. Trustee for Region 3, appointed

         Alan Chapell, JD, CIPP
         Chapell & Associates
         692 Greenwich Street, No. 5
         New York, NY 10014
         Tel: (917) 318-8440
         Fax: (646) 304-7147

as the consumer privacy ombudsman in the Chapter 11 cases of
Crumbs Bake Shop, Inc., et al.

On Aug. 7, Bankruptcy Judge Michael B. Kaplan directed the U.S.
Trustee to appoint a consumer privacy ombudsman.  The Court also
said that the compensation for the consumer privacy ombudsman will
be capped at $12,000, and the ombudsman may seek to increase the
cap for good cause upon application to the Court.

                          Objections Filed

99 Crumbs Bake Shop, Inc., et al., objected to the motion of the
U.S. Trustee to appoint a privacy ombudsman.  They stated that the
Court may authorize the proposed sale without appointing a privacy
ombudsman because the sale and transfer of the "personally
identifiable information" is consistent with the Debtors' privacy
policy.

                       About Crumbs Bake Shop

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

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

                           *     *     *

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

On the petition date, Crumbs entered into an Asset Purchase
Agreement through which Lemonis Fischer Acquisition Company, LLC,
a joint venture created by Marcus Lemonis LLC and Fischer
Enterprises, L.L.C., will acquire the Crumbs' business as part of
the Company's Chapter 11 filing.  The Debtor will sell itself at a
bankruptcy auction on Aug. 21.  The lead bidder has a $6.5 million
credit bid.  A hearing to approve the sale is scheduled to take
place on Aug. 26.  The Company hopes to complete the sale process
in approximately 60 days, pending receipt of the necessary
approvals from the Bankruptcy Court.

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


CRUMBS BAKE: Alvarez & Marsal OK'd as Panel's Financial Advisors
----------------------------------------------------------------
The Bankruptcy Court authorized the Official Committee of
Unsecured Creditors in the Chapter 11 cases of Crumbs Bake Shop,
Inc., et al., to retain Alvarez & Marsal North America, LLC as its
financial advisors effective as of July 23, 2014.

Alvarez & Marsal is expected to, among other things:

   a) advise the Committee on matters related to its interests in
the sale of the Debtor's assets;

   b) assist with a review of the Debtors' cost/benefit
evaluations with respect to the assumption or rejection of
executory contracts and unexpired leases; and

   c) assist with a review of the business model, operations,
liquidity situation, properties, assets and liabilities, financial
condition and prospects of the Debtor.

A&M will be compensated subject to these procedures:

   a) A&M will apply to the Court for allowances of compensation
and reimbursement of expenses for its financial advisory support
services;

   b) A&M will be paid for the services of its professionals at
their customary hourly billing rates, which will be subject to
these ranges:

      i. Managing Directors                   $625 to $850
     ii. Directors                            $475 to $625
    iii. Associates                           $350 to $475
     iv. Analysts                             $225 to $350

   c) In addition, A&M will be reimbursed for reasonable out-of-
pocket expenses; and

   d) on a monthly basis, A&M will provide a monthly fee
application.

                       About Crumbs Bake Shop

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

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

                           *     *     *

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

On the petition date, Crumbs entered into an Asset Purchase
Agreement through which Lemonis Fischer Acquisition Company, LLC,
a joint venture created by Marcus Lemonis LLC and Fischer
Enterprises, L.L.C., will acquire the Crumbs' business as part of
the Company's Chapter 11 filing.  The Debtor will sell itself at a
bankruptcy auction on Aug. 21.  The lead bidder has a $6.5 million
credit bid.  A hearing to approve the sale is scheduled to take
place on Aug. 26.  The Company hopes to complete the sale process
in approximately 60 days, pending receipt of the necessary
approvals from the Bankruptcy Court.

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


CRUMBS BAKE: Glassratner Advisory OK'd as Financial Advisor
-----------------------------------------------------------
The Bankruptcy Court authorized Crumbs Bake Shop, Inc., et al., to
employ GlassRatner Advisory & Capital Group, LLC as financial
advisor and investment banker nunc pro tunc to July 11, 2014.

GlassRatner is expected to, among other things:

   a) assist in evaluating the Debtors' current business plan in
preparation of a revised operating plan and cash flow forecast and
presentation of such plan to the Debtors' board of directors and
their creditors;

   b) assist in identifying cost reduction and operations
improvements opportunities; and

   c) assisting in developing and managing a 13-week cash flow
forecast.

The hourly rates of GlassRatner's personnel are:

   Professional             Title                  Hourly Rate
   ------------             -----                  -----------
Mr. Schaeffer            Principal                     $550
Carl Landeck, CPA        Senior Consultant             $400
Robert Naidoff           Director ? Inv. Banking       $310
David Neyhart, CPA       Associate                     $210
Other professionals                                 $125 to $550

In the event that GlassRatner is able to induce a plan proponent
or asset purchaser to close a transaction during the term of their
engagement or within six months of the termination of their
engagement, GlassRatner will be paid a success fee of $100,000.
In the event that a plan proponent or asset purchaser is referred
by the Debtors, GlassRatner will be paid $50,000.  GlassRatner has
agreed that its success fee will be subordinated to certain
priority and administrative claims.

In addition to the fee structure, the Debtors agree to reimburse
GlassRatner for all reasonable fees, disbursements and out-of-
pocket expenses incurred in connection with the performance of its
engagement under the engagement letter.

Peter N. Schaeffer, principal of GlassRatner, tells the Court that
the Debtors paid the firm a retainer of $75,000.  For the 12-month
period prior to the Filing Date, GlassRatner has been paid a total
of $546,074 in fees and $1,734 for reimbursable expenses.

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

                       About Crumbs Bake Shop

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

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

                           *     *     *

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

On the petition date, Crumbs entered into an Asset Purchase
Agreement through which Lemonis Fischer Acquisition Company, LLC,
a joint venture created by Marcus Lemonis LLC and Fischer
Enterprises, L.L.C., will acquire the Crumbs' business as part of
the Company's Chapter 11 filing.  The Debtor will sell itself at a
bankruptcy auction on Aug. 21.  The lead bidder has a $6.5 million
credit bid.  A hearing to approve the sale is scheduled to take
place on Aug. 26.  The Company hopes to complete the sale process
in approximately 60 days, pending receipt of the necessary
approvals from the Bankruptcy Court.

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


CRUMBS BAKE: Lowenstein Sandler Approved s Committee's Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Crumbs Bake Shop, Inc., et al., ask the Bankruptcy Court
for permission to retain Lowenstein Sandler LLP to serve as its
counsel effective as of July 31, 2014.

The hourly rates of Lowenstein Sandler's personnel are:

         Members                    $475 - $945
         Counsel                    $385 - $685
         Associates                 $260 - $495
         Legal Assistants           $155 - $260

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

The firm can be reached at:

         Kenneth A. Rosen, Esq.
         Sharon L. Levine, Esq.
         LOWENSTEIN SANDLER LLP
         65 Livingston Avenue
         Roseland, NJ 07068
         Tel: (973) 597-2500
         Fax: (973) 597-2400

                       About Crumbs Bake Shop

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

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

                           *     *     *

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

On the petition date, Crumbs entered into an Asset Purchase
Agreement through which Lemonis Fischer Acquisition Company, LLC,
a joint venture created by Marcus Lemonis LLC and Fischer
Enterprises, L.L.C., will acquire the Crumbs' business as part of
the Company's Chapter 11 filing.  The Debtor will sell itself at a
bankruptcy auction on Aug. 21.  The lead bidder has a $6.5 million
credit bid.  A hearing to approve the sale is scheduled to take
place on Aug. 26.  The Company hopes to complete the sale process
in approximately 60 days, pending receipt of the necessary
approvals from the Bankruptcy Court.

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


DELTATHREE INC: Reports $466K Q2 Net Loss, Warns of Bankruptcy
--------------------------------------------------------------
deltathree, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $466,000 on $4.39 million in revenues for the three months
ended June 30, 2014, compared to a net loss of $414,000 on $4.21
million in revenues for the same period last year.

The Company also reported a net loss of $797,000 on $8.71 million
in revenues for the six months ended June 30, 2014, compared to a
net loss of $770,000 on $7.94 million in revenues for the same
period in 2013.

The Company's balance sheet at June 30, 2014, showed $1.38 million
in total assets, $9.04 million in total liabilities and a $7.66
million total stockholders' deficiency.

"We believe that, unless we are able to increase revenues and
generate additional cash, our current cash and cash equivalents
will not satisfy our current projected cash requirements beyond
the immediate future.  As a result, there is substantial doubt
about our ability to continue as a going concern," the Company
stated in the Report.

"In view of our current cash resources, nondiscretionary expenses,
debt and near term debt service obligations, we have begun
exploring strategic alternatives available to us and may explore
all such alternatives available to us, including, but not limited
to, a sale or merger of our company, a sale of our assets,
recapitalization, partnership, debt or equity financing, voluntary
deregistration of its securities, financial reorganization,
liquidation and/or ceasing operations.  In the event that we are
unable to secure additional funding, we may determine that it is
in our best interests to voluntarily seek relief under Chapter 11
of the U.S. Bankruptcy Code," the Company added.

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

                         http://is.gd/lZvqgc

                           About deltathree

Based in New York, deltathree, Inc. (OTC QB: DDDC) --
http://www.deltathree.com/-- is a global provider of video and
voice over Internet Protocol (VoIP) telephony services, products,
hosted solutions and infrastructures for service providers,
resellers and direct consumers.

deltathree reported a net loss of $1.81 million on $16.08 million
of revenues for the year ended Dec. 31, 2013, as compared with a
net loss of $1.57 million on $13.68 million of revenues in 2012.

Brightman Almagor Zohar & Co., in Tel Aviv, Israel, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company's recurring losses from operations
and deficiency in stockholders' equity raise substantial doubt
about its ability to continue as a going concern.


DETROIT, MI: Bonds Undergo Rating Actions After Tender Pd. Expires
------------------------------------------------------------------
Standard & Poor's Ratings Services has taken numerous rating
actions on Detroit's outstanding sewage disposal and water supply
revenue bonds, including the following:

  -- lowered the rating to 'CC' from 'CCC' on tendered bonds
     purchased by Detroit below par or accreted value and
     considered impaired for most of the duration of the tender
     invitation period that began on Aug. 7, 2014;

  -- removed the ratings from CreditWatch, where they were placed
     with negative implications on July 3, 2013.  The outlook on
     these bonds is negative.

  -- raised the rating to 'BBB+' from 'CCC' on all other tendered
     and untendered bonds and removed the ratings from
     CreditWatch; the outlook on these bonds is stable.

In addition, S&P assigned its 'BBB+' rating to Michigan Finance
Authority's series 2014C and 2014D bonds (the "MFA 2014C and D
bonds"), which are payable primarily from payments on Detroit
Water and Sewerage Department (DWSD) obligations to be purchased
with the proceeds of the MFA 2014C and D bonds.  The DWSD
obligations are secured by a statutory lien on pledged assets of
each system separately (prioritized by the lien status), which
include:

   -- Net revenues of the city's sewage disposal or water supply
      system, Investments credited to the sewer or water system,
      and

   -- Earnings on those investments.

DWSD has also entered into a trust agreement related to all sewer
and water revenue debt.  The trustee is Wilmington Bank N.A.

While S&P understands that the MFA 2014C and D bonds will be
issued in various subseries as senior-lien and second-lien bonds,
there is no difference in the ratings because S&P's analysis is
based on its opinion of DWSD's creditworthiness with regard to
covering all fixed costs, and DWSD has indicated it plans to fund
capital expenditures with bonds secured by all of its existing
liens.

Proceeds of the DWSD obligations will be used to purchase tendered
and redeemed bonds, and in the case of series 2014C-1 and C-2
bonds, to fund capital improvements for the sewage department.  As
the result of a tender invitation that started was effective on
Aug. 7, 2014 and expired on Aug. 21, 2014, the city has agreed to
purchase $1.468 billion of outstanding sewerage and water revenue
bonds.

"All ratings that are 'CC' are considered to involve a distressed
exchange in which bondholders are receiving less than the original
promise," said Standard & Poor's credit analyst Scott Garrigan.
"At closing, we would expect to change the rating on the affected
cusips to 'D' and then to 'NR'.  Generally, we consider an
exchange offer to be distressed if we believe that the bondholders
receive less than originally promised, and if the bondholders are
accepting the offer because of the risk that the issuer will not
fulfill its obligations.  Accordingly, we applied the 'CC' rating
to those cusips that were considered both impaired prior to the
tender invitation period and will be tendered at less than par."

Ratings on bonds with all other outstanding cusips, whether senior
or second lien, are 'BBB+', as noted.

"The 'BBB+' rating reflects our opinion of the underlying
creditworthiness of the sewer disposal and water supply systems,"
continued Mr. Garrigan.  "Even though the rating on bonds secured
by the pledged assets of each system could diverge, at this time
we believe the creditworthiness of each system is the same,
regardless of lien position.

The rating is supported by S&P's view of the following
characteristics:

   -- The legal framework includes a statutory lien on net
      revenues, provisions under the city's current Plan of
      Adjustment (POA) that consider all DWSD-related bond claims
      as unimpaired, and an order entered by the bankruptcy court
      that, among other things, both precludes the city from
      filing future POA amendments that would impair any DWSD-
      related bond claims and that overrules all objections to the
      order and documents related to the 2014 DWSD bonds.

   -- Significant economic stress within Detroit partly offsets a
      much more diverse revenue stream from a large number of
      wholesale customers.

   -- Historical financial performance has been generally adequate
      as measured by days' operating cash and investments and
      total fixed-cost coverage, but the amount of accounts
      payable and allowances for doubtful accounts is significant.

   -- There is upward pressure on rates, in S&P's view, due to the
      need to fund a large capital program and additional debt
      needs.  Based on income indicators for the Detroit
      metropolitan area, S&P deems the rates affordable although,
      based on the significantly lower income indicators for the
      city of Detroit, S&P considers the rates high for customers
      located in Detroit.

   -- System leverage is high, and S&P do not believe that will
      abate given the large amount of debt needs to fund the
      current capital improvement program.

S&P also notes that DWSD has been in the process of implementing
many policies and procedures that S&P views as supportive of
credit quality, especially as they relate to collecting delinquent
bills, recovering a higher percentage of fixed costs, simplifying
the wholesale contract and rate structures, and controlling
operating expenses.  DWSD's financial projections show generally
better overall financial performance than has been attained over
the past several fiscal years.  Before raising the rating further,
S&P would look for the systems to achieve and, in its view, to be
able to maintain better financial performance over multiple fiscal
years.  The negative outlook on the bonds rated 'CC' reflects
S&P's expectation that the rating will be lowered to 'D' once the
tendered bonds are purchased.

The stable outlook on the bonds rated 'BBB+' reflects S&P's
expectation that the financial performance of both the sewer and
water systems should be consistent with or better than
projections.  S&P bases this expectation on its belief that as
DWSD management continues to implement various policy and
procedural changes, financial performance will likely improve
because of the specific efforts aimed at improving collections,
stabilizing the operating revenue stream, and controlling costs.

However, actual financial performance could be worse than
projected, based on numerous events occurring.  Economic pressures
that limit collection rates and rate affordability could continue.
Billed water volumes could decline due to a combination of weather
or economic events.  Additional environmental compliance mandates
could lead to unforeseen capital and debt expenses.  If one or
more of these events occurred, and a direct negative impact on
financial performance resulted, S&P could lower the ratings.

At present, the various events listed are possible causes of
financial stress for nearly all public utilities.  But S&P is
pointing them out in this case to indicate that future upward
movement in the rating would most likely be predicated on S&P's
belief that financial performance can be sustained in a fashion
that insulates the utilities from the negative impacts these
unforeseen events can have on credit quality.  Most notably,
sustained levels of unrestricted liquidity and coverage of all
fixed costs that meet or exceed the current projections would be
two performance metrics S&P would expect to have a significant
positive impact on credit quality.  For upward rating movement to
occur, S&P expects these to be sustainable in future fiscal years,
and to occur without significant additions of debt not currently
identified in the CIP (of course, S&P do understand that beyond
the current scope of the CIP, which ends in 2019, there could be
additional, currently unforeseen debt issued).

The rating on the bonds secured by net revenues of the sewage
disposal and water supply systems could diverge if S&P determines
that there is enough of a difference in the relevant credit
factors.  However, it is difficult to foresee at this time whether
that would occur or what the precipitating factors leading to such
a divergence would be.


EDISON MISSION: Wants Chicago Bears' Suite License Claim Sacked
---------------------------------------------------------------
Law360 reported that Edison Mission Energy urged an Illinois
bankruptcy judge to deny Chicago Bears Football Club Inc.'s claim
against EME's estate for fees tied to a license agreement for an
executive stadium suite, saying EME itself doesn't owe the Bears
anything and that CBFC failed to mitigate its damages.  According
to the report, the reorganization trust for EME filed an objection
to a $114,240 claim lodged by CBFC.  The claim relates to a
license agreement between the Bears and EME affiliate Midwest
Generation EME for an executive suite at Soldier Field, which
Midwest Gen terminated after EME filed its bankruptcy petition,
the report related.

                       About Edison Mission

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

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

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

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

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

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

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

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

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

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


EDUCATION MANAGEMENT: Enters Into Debt Restructuring Agreement
--------------------------------------------------------------
Education Management Corporation, a provider of post-secondary
education in North America, disclosed that it has reached
agreement in principle regarding a financial restructuring with
holders of more than 80 percent of its secured and unsecured
financial indebtedness.  The company's board of directors has
approved the restructuring.

"We believe this plan, which will convert a significant portion of
our debt into equity and result in a vastly improved capital
structure with lower interest expense and extended maturities, is
in the best interests of all stakeholders, most importantly our
students," said Edward H. West, Education Management president and
CEO.  "This new capital structure is critical to the future
success of EDMC and part of our plan to transform the company."

The proposed restructuring will reduce the company's funded debt
by approximately $1.1 billion, providing for the exchange of
approximately $1.5 billion of outstanding debt as of June 30, 2014
for $400 million of new debt, preferred equity interests that
would be convertible into common shares and warrants for the
purchase of common shares.  The company's existing shareholders
would retain 4 percent of the outstanding common stock after
giving effect to the conversion of the new preferred stock and
receive warrants to purchase an additional 5 percent of the common
stock.  The comprehensive, multi-step restructuring remains
subject to applicable regulatory approvals and a shareholder vote,
which the company expects to complete in 2015.

Pending consummation of the restructuring, the company will enter
into an amendment to its senior credit facility to waive all
financial covenants through June 30, 2015, substantially decrease
cash interest expense and require no principal amortization
payments through June 30, 2015, and extend the maturity of the
revolving credit facility through July 2, 2015.

The restructuring plan has the support of more than 80 percent of
the company's revolving lenders, term loan lenders and
bondholders.  The company is seeking support for its restructuring
plan from the remaining lenders and bondholders.  However, no
assurance can be given as to the level of additional support for
the restructuring the company ultimately will be able to obtain.
Additional details may be found in the company's filing on Form
8-K dated Aug. 27, 2014.

           About Education Management Corporation

With approximately 119,500 students as of April 2014, Education
Management Corporation -- http://www.edmc.edu-- is among the
largest providers of post-secondary education in North America,
based on student enrollment and revenue, with a total of 110
locations in 32 U.S. states and Canada.  The company offers
academic programs to students through campus-based and online
instruction, or through a combination of both.  The company is
committed to offering quality academic programs and strives to
improve the learning experience for its students.  Its educational
institutions offer students the opportunity to earn undergraduate
and graduate degrees and certain specialized non-degree diplomas
in a broad range of disciplines, including media arts, health
sciences, design, psychology and behavioral sciences, culinary,
business, fashion, legal, education and information technology.


EDUCATION TRAINING: Sketches Out Bankruptcy Sale Strategy
---------------------------------------------------------
Peg Brickley and Stephanie Gleason, writing for Daily Bankruptcy
Review, reported that Nancy Mitchell, lawyer for Education
Training Corp., told the U.S. Bankruptcy Court in Delaware that
the company sold off 14 of its for-profit schools before filing
for bankruptcy in an effort to preserve value in light of a
federal ban on funding for bankrupt school operators.  According
to the report, further citing the lawyer, money from the pre-
bankruptcy sale is being used to support a bankruptcy effort to
sell some of the remaining schools in spite of laws that make such
sales difficult.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that the post-secondary schools operator said in court
papers that private-equity owners of one of the schools they
manage, Anthem, will have no recovery on their $170 million
investment.  Unsecured creditors likewise realize nothing from the
bankruptcy except to the extent their contracts might be
transferred to IEC Corp., Mr. Rochelle related.  Mr. Rochelle
further related that the company said there will be no
reorganization, as the Chapter 11 case will either be dismissed or
converted to liquidation in Chapter 7 after the sale is completed.

                         About FCC Inc.

Education Training Corporation, aka Florida Career College, aka
FCC Anthem College, aka Anthem College - Bryman School, aka Anthem
College, and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code on Aug. 25, 2014.  The lead case is In re FCC
Holdings, Inc., Case No. 14-11987 (D. Del.).  The case is assigned
to Judge Christopher S. Sontchi.

The Debtors are represented by Dennis A. Meloro, Esq., at
Greenberg Traurig, LLP, in Wilmington, Delaware.  The Debtors'
noting, claims, and balloting agent is Kurtzman Carson
Consultants.


ELITE PHARMACEUTICALS: Offering 3MM Shares Under Incentive Plan
---------------------------------------------------------------
Elite Pharmaceuticals, Inc., registered with the U.S. Securities
and Exchange Commission 3,000,000 shares of common stock issuable
under the Company's 2014 Equity Incentive Plan for a proposed
maximum aggregate offering price of $1.08 million.  A full-text
copy of the Form S-8 registration statement is available for free
at http://is.gd/gA70rh

                     About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite Pharmaceuticals disclosed a net loss attributable to common
shareholders of $96.57 million on $4.60 million of total revenues
for the year ended March 31, 2014, as compared with net income
attributable to common shareholders of $1.48 million on $3.40
million of total revenues for the year ended March 31, 2013.  The
Company's balance sheet at March 31, 2014, showed $24.31 million
in total assets, $105.51 million in total liabilities and a $81.19
million total stockholders' deficit.


EMCOR GROUP: Moody Affirms Ba1 CFR & Rates $1.1BB Sr. Debt Ba1
--------------------------------------------------------------
Moody's Investors Service affirmed EMCOR Group, Inc.'s Ba1
Corporate Family Rating and Ba1-PD Probability of Default Rating,
and also assigned a Ba1 rating to the company's existing $1.1
billion senior secured bank credit facility. The facility consists
of a $750 million senior secured revolving credit facility and a
$341 million (originally $350 million) senior secured term loan,
both maturing in 2018. In a related action, Moody's assigned a
SGL-1 Speculative Grade Liquidity Rating. The rating outlook
remains stable.

The following ratings were affected:

Ba1 Corporate Family Rating affirmed;

Ba1-PD Probability of Default Rating affirmed;

Ba1 rating assigned to existing $1.1 billion senior secured bank
credit facility due 2018;

SGL-1 Speculative Grade Liquidity Rating assigned

Ratings Rationale

EMCOR's Ba1 Corporate Family Rating reflects the company's healthy
liquidity, conservative capital structure (excluding Moody's
standard accounting adjustments) and strong credit metrics. The
rating is also supported by EMCOR's strong competitive market
position and breadth of products and services, and to a lesser
extent, its geographic diversification. However, after adjusting
the company's balance sheet debt to account for its significant
multi-employer pension plan exposure, certain key credit metrics
that are otherwise strong weaken materially, and this will likely
continue to constrain the ratings over the near term. In addition,
the company relies heavily on its large surety bond line in order
to bid on certain government and other large projects, as well as
to provide liquidity for advance contract payments from customers.
This line has only moderate revolver back-up to cover potential
rough patches in surety availability, which could adversely affect
the company's financial position and its ability to bid
competitively for contracts. Finally, EMCOR's reliance on the
currently weak non-residential construction market may pressure
near-term earnings. Although a growing backlog and certain
macroeconomic trends indicate slow but steady improvement in non-
residential construction and industrial production, those trends
have yet to translate into strong organic revenue growth for
EMCOR's businesses.

The SGL-1 Speculative Grade Liquidity Rating reflects the
company's strong cash position and cash flow generation relative
to its basic cash needs, as well as a sizeable, largely unused
revolving credit facility. The $750 million senior secured
revolver is currently undrawn, with the exception of about $92
million in outstanding letter of credit commitments, and and may
be increased by up to $300 million if existing lenders choose to
increase their commitments or if additional lenders are identified
who are acceptable to the Agent and issuers of letters of credit.
The company also has no significant debt maturities until its $1.1
billion bank facility matures in November 2018. EMCOR maintains
sufficient headroom under its financial covenants, which include
3.0x maximum net debt to EBITDA and 3.5x minimum EBIT interest
coverage, as well as a maximum capital and restricted expenditure
covenant.

The Ba1 rating assigned to the existing $1.1 billion senior
secured bank credit facility is in line with the corporate family
rating, as the revolver and term loan comprise close to 100% of
the company's debt capital structure.

The stable outlook reflects Moody's expectation that EMCOR is
unlikely to be upgraded in the next 12 to 18 months given the
currently sluggish recovery in the company's core end markets,
primarily non-residential construction. The company's sizable off-
balance sheet exposures also will limit its upgrade potential. At
the same time, the stable outlook reflects Moody's belief that the
company is currently well-positioned in its rating category.

The rating or outlook could improve if EMCOR's end markets enter a
stronger expansionary phase and the company is able to show
sustainable year-over-year sales growth and margin improvement. An
upgrade could be considered if EMCOR demonstrates the ability to
maintain adjusted debt-to-EBITDA below 2.75x and adjusted EBITA to
interest expense to above 5.0x, and also if the company
strengthens its liquidity profile relative to its adjusted balance
sheet obligations.

The rating and/or outlook could deteriorate if the company's
sales begin to decline significantly, if adjusted EBITA margin
deteriorates to below 5.0%, or if the company's contract backlog
declines materially. The ratings could also come under pressure if
adjusted debt to EBITDA remains above 5.0x for a prolonged period
of time. Negative rating actions may also be considered if cash
flow generation turns negative or if EMCOR's access to the surety
bond market becomes limited.

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

EMCOR Group, Inc., headquartered in Norwalk, CT, is a global
leader in electrical and mechanical construction, energy
infrastructure, and facilities services. Revenues and net income
for 12 months ended June 30, 2014 totaled approximately $6.5
billion and $154 million, respectively.


ENNIS COMMERCIAL: Court Approves Colliers Tingey as Estate Broker
-----------------------------------------------------------------
David Stapleton, the Plan Administrator of Ennis Commercial
Properties, sought and obtained permission from the Hon. Frederick
Clement of the U.S. Bankruptcy Court for the Eastern District of
California to employ Colliers Tingey International, Inc. as real
estate broker, for the following additional real properties:

   -- Henderson & Westwood (17 acres), Porterville, California;
      and

   -- NW Corner Westwood & Henderson (3.89 acres), Porterville,
      California.

Colliers Tingey's compensation will be paid in the form of either
5% commission without cooperating broker or a 6% commission with a
cooperating broker on the purchase price of each real property to
be paid through escrow as the sale of each real property closes.

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

                      About Ennis Commercial

Porterville, California-based Ennis Commercial Properties, LLC's
business consisted of acquiring raw land and building commercial
developments.  The Company then either operated or sold the
commercial buildings comprising the commercial development.

ECP is owned by Ben Ennis, Brian Ennis and Pamela Ennis, in equal
shares.  On Sept. 20, 2010, Pam Ennis and Brian Ennis transferred
all of their ownership interests in ECP to Ben Ennis.  ECP filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Cal. Case No.
10-12709) on March 16, 2010.

Peter L. Fear, Esq., and Gabriel J. Waddell, Esq., at the Law
Offices of Peter L. Fear, in Fresno, Calif., represent ECP as
counsel.  No creditors committee has been formed in the case.
In its schedules, the Debtor disclosed $40,878,319 in assets and
$43,922,485 in liabilities.

Ben Ennis filed a voluntary petition under Chapter 11 (Bankr. E.D.
Calif. Case No. 10-62315) on Oct. 25, 2010.

Pam and Brian filed separate Chapter 7 petitions.

On May 25, 2011, Terence Long was appointed as Chapter 11 Trustee
in the Benn Ennis bankruptcy.  Consequently, the Chapter 11
Trustee stood in the shoes of Ben Ennis, and held all of the
membership interests in ECP and controled it accordingly.  Justin
D. Harris, Esq., at Motschiedler, Michaelides, Wishon, Brewer &
Ryan, LLP, in Fresno, represented the Chapter 11 Trustee as
counsel.

The plan of reorganization proposed by secured creditor Wells
Fargo Bank for ECP was confirmed on June 27, 2013.

David Stapleton has been named as plan administrator for each of
the confirmed plans of Ben Enis and ECP.


ENNIS COMMERCIAL: Southern Sierra Approved as Real Estate Broker
----------------------------------------------------------------
David Stapleton, the Plan Administrator of Ennis Commercial
Properties, sought and obtained permission from the Hon. Frederick
Clement of the U.S. Bankruptcy Court for the Eastern District of
California to employ Southern Sierra Real Estate as broker for the
real property commonly known as 1522 James Road, Camp Nelson,
California.

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

                      About Ennis Commercial

Porterville, California-based Ennis Commercial Properties, LLC's
business consisted of acquiring raw land and building commercial
developments.  The Company then either operated or sold the
commercial buildings comprising the commercial development.

ECP is owned by Ben Ennis, Brian Ennis and Pamela Ennis, in equal
shares.  On Sept. 20, 2010, Pam Ennis and Brian Ennis transferred
all of their ownership interests in ECP to Ben Ennis.  ECP filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Cal. Case No.
10-12709) on March 16, 2010.

Peter L. Fear, Esq., and Gabriel J. Waddell, Esq., at the Law
Offices of Peter L. Fear, in Fresno, Calif., represent ECP as
counsel.  No creditors committee has been formed in the case.
In its schedules, the Debtor disclosed $40,878,319 in assets and
$43,922,485 in liabilities.

Ben Ennis filed a voluntary petition under Chapter 11 (Bankr. E.D.
Calif. Case No. 10-62315) on Oct. 25, 2010.

Pam and Brian filed separate Chapter 7 petitions.

On May 25, 2011, Terence Long was appointed as Chapter 11 Trustee
in the Benn Ennis bankruptcy.  Consequently, the Chapter 11
Trustee stood in the shoes of Ben Ennis, and held all of the
membership interests in ECP and controled it accordingly.  Justin
D. Harris, Esq., at Motschiedler, Michaelides, Wishon, Brewer &
Ryan, LLP, in Fresno, represented the Chapter 11 Trustee as
counsel.

The plan of reorganization proposed by secured creditor Wells
Fargo Bank for ECP was confirmed on June 27, 2013.

David Stapleton has been named as plan administrator for each of
the confirmed plans of Ben Enis and ECP.


ENTERCOM COMMUNICATIONS: S&P Hikes Sr. Secured Debt Rating to BB
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its recovery rating on
Entercom Communication Corp.'s senior secured debt to '1',
indicating S&P's expectation of very high (90%-100%) recovery in
the event of a payment default, from '2'.  S&P subsequently raised
the issue-level rating on this debt to 'BB' from 'BB-', in
accordance with its notching criteria.

At the same time, S&P affirmed the 'B+' corporate credit rating on
Entercom, along with the unsecured issue-level ratings.  The
rating outlook is stable.

"The revision of our recovery rating reflects a lower amount of
senior secured debt under our simulated default scenario, and the
improved position of senior secured creditors," said Standard &
Poor's credit analyst Jeanne Shoesmith.

Entercom is the fourth-largest radio broadcaster in the U.S., with
significant market coverage, including more than 100 stations in
23 markets.  Standard & Poor's sees the potential for weak
industry fundamentals to result in revenue erosion over the
intermediate to long term.  Entercom's good geographic diversity
and competitive position in large and midsize markets, and its
high EBITDA margin, do not offset these risks.  S&P's assessment
of Entercom's business risk profile as "fair" stems from these
factors.  In particular, it stems from the industry's exposure to
competition from alternative media, risks to ad rate integrity,
and obstacles to significant growth in digital contribution
(approximately 6% of total revenues).

Entercom's EBITDA margin, at 31.5% in 2013, is roughly in line
with its peers'.  S&P expects the company's margin will contract
by about 100 basis points (bps) in 2014 as a result of higher
operating expenses relating to digital investments and slightly
higher core station expenses.  S&P's assessment of Entercom's
financial risk profile as "aggressive" reflects these factors,
along with S&P's expectation that leverage will remain in the mid-
to high-4x area in 2014.  The company's debt-to-EBITDA ratio is
high, at 4.8x as of June 30, 2014, at the high end of the 4x to 5x
range that S&P associates with an "aggressive" financial risk
profile.

S&P's rating outlook on Entercom is stable.  S&P expects the
company to maintain adequate liquidity over the next 18 months,
despite risks surrounding longer-term secular trends in radio, and
despite S&P's expectation that the company's EBITDA margin of
compliance with covenants could fall to about 15% in the second
half of 2015.  S&P views a downgrade as slightly more likely than
an upgrade over the intermediate term.


EVERGREEN ACQCO1: S&P Revises Outlook to Neg. & Affirms 'B' CCR
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Bellevue, Wash.-based thrift store operator Evergreen AcqCo1 LP
(d/b/a Savers) to negative from stable.  S&P also affirmed its 'B'
corporate credit rating and 'B' issue-level ratings on the
company's $75 million revolver and $702 million term loan.  The
recovery ratings on this debt are '3', indicating S&P's
expectation for meaningful (50%-70%) recovery in the event of a
payment default.

"The outlook revision reflects our expectation that Savers will
continue to experience margin pressure for at least the remainder
of 2014 because of increased material and production labor costs
associated with obtaining merchandise from charities and
individuals," said credit analyst Diya Iyer.  "While we believe
the inclement weather in the first quarter created unique
challenges related to truck rescheduling and lower store
processing volumes, we do not believe the increase in on-site
donations in the U.S. and Canada will offset potentially lower
supply in the next year."

The negative outlook reflects S&P's expectation that Savers will
continue to experience cost and traffic pressures through the end
of the year, with lagging customer counts particularly in the
Apogee and Unique Chicago chains.  S&P expects only 11 new stores
in the U.S. compared to the 15 to 25 S&P was originally expecting,
with continued modest growth in Canada as well.

Downside Scenario

S&P could lower the rating in the next year if management cannot
navigate persistent pressure on the company's core middle-class
consumer, leading to continued lower-than-expected charitable
donations and subsequent merchandise supply shortages.  This would
lead to slower revenue growth and margin contraction such that
leverage exceeds 7.0x.  In that instance, sales would grow in the
low-single-digit-percentage area or gross margin would decline
more than 150 bps 2014.  This would result in EBITDA declining in
the coming year.  S&P could also lower the ratings if the
company's owners added significant additional debt in the coming
year to fund a dividend or large acquisition or if operations
began consuming cash.

Upside Scenario

Given Savers' credit measures, U.S. expansion plans, and recent
operational challenges, S&P is not expecting to revise its outlook
or raise its ratings over the remainder of the year.  In either of
these unlikely scenarios, Savers would need to deleverage more
than 1.0x to the low 5.0x area, which would require more than 300
bps of gross margin expansion or sales growth in the mid-20% area.


EXCITE MEDICAL: Case Summary & 6 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Excite Medical Corp.
        5412 Pioneer Park Blvd. Ste. A
        Tampa, Fl 33634

Case No.: 14-09906

Chapter 11 Petition Date: August 26, 2014

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Suzy Tate, Esq.
                  SUZY TATE, P.A.
                  14502 North Dale Mabry Highway, Suite 200
                  Tampa, FL 33618
                  Tel: (813) 264-1685
                  Fax: (813) 264-1690
                  Email: suzy@suzytate.com

Total Assets: $76,066

Total Liabilities: $1.52 million

The petition was signed by Saleem Musallam, president.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb14-09906.pdf


FALCON STEEL: Names James Taylor as Chief Restructuring Officer
---------------------------------------------------------------
Falcon Steel Company and New Falcon Steel, LLC ask for permission
from the Hon. D. Michael Lynn of the U.S. Bankruptcy Court for the
Northern District of Texas to approve the agreement with James
"Jim" T. Taylor to serve as the Debtors' chief restructuring
officer and provide consulting services to the debtors, effective
June 29, 2014 petition date.

As CRO, Mr. Taylor will perform a number of duties for the
Debtors, including coordinating the restructuring efforts of the
Debtors and identifying, developing, and implementing strategies
related to the Debtors' debt obligation, business operations, and
other related matters.  Pursuant to the engagement letter, Mr.
Taylor will direct the Debtors' reorganization with an objective
of completing a plan of reorganization, improving operations,
working capital controls, and working directly with the Debtors'
constituencies to facilitate assets divestitures as necessary.

Pursuant to the engagement letter, the Company made an initial
payment of $16,000 to Mr. Taylor upon its execution.  In addition,
the Company has agreed to pay Mr. Taylor $1,600 per day for his
services.

Mr. Taylor will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Taylor assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtors and their estates.

The Court for the Northern District of Texas will hold a hearing
on the application on Aug. 28, 2014, at 1:30 p.m.  Objections were
due Aug. 22, 2014.

Mr. Taylor can be reached at:

       Mr. James T. Taylor
       1900 McKinney Ave., Suite 1502
       Dallas, TX 75601

                    About Falcon Steel Company

Falcon Steel Company and New Falcon Steel, LLC, sought Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division (Case Nos. 14-42585 and 14-42586) on
June 29, 2014.  Falcon Steel claims to be the only American-owned
company that builds steel lattice towers for high electrical
transmission lines.

The Debtors are seeking joint administration of their Chapter 11
cases (Lead Case No. 14-42585).

Falcon Steel was formed in 1963 and has operated continuously
since that time as a manufacturer engaged in fabricating and
galvanizing structural steel for customers in the United States.
New Falcon, a subsidiary, suspended operations in June 2013 and is
being held for sale.

Falcon has three manufacturing plants in the DFW area in Texas,
with one facility in Haltom City, another in Euless, and the third
facility in Kaufman, Texas.  The company's corporate headquarters
is located at its Haltom City plant.  It currently employs
approximately 255 employees.

Falcon Steel estimated assets and debt of $10 million to $50
million.

The Debtors have tapped Forshey & Prostok, LLP, as counsel.

The Court entered an order extending the Debtor's deadline to file
its schedules of assets and liabilities and statement of financial
affairs or new case deficiencies, excluding the matrix until
Aug. 1.

Bankruptcy Judge D. Michael Lynn, in an amended order, directed
the joint administration of the case of Falcon Steel Company and
New Falcon Steel, LLC


FIRST DATA: Incurs $35 Million Net Loss in Second Quarter
---------------------------------------------------------
First Data Corporation reported a net loss attributable to the
Company of $34.5 million on $2.83 billion of revenues for the
three months ended June 30, 2014, as compared with a net loss
attributable to the Company of $189.1 million on $2.70 billion of
revenues for the same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to the Company of $235 million on $5.47 billion
of revenues as compared with a net loss attributable to the
Company of $526.5 million on $5.29 billion of revenues for the
same period during the prior year.

The Company's balance sheet at June 30, 2014, showed $37.23
billion in total assets, $35.74 billion in total liabilities, $70
million in redeemable noncontrolling interest and $1.41 billion in
total equity.

"The extraordinary work that our team has done to begin to
transform First Data over the past year is showing strong results,
though we are all clear-eyed about the hard work, and continued
transformation, that lies ahead for our company," said Frank
Bisignano, Chairman and CEO of First Data.  "The company's year of
transformation was validated, and our strategy for the future was
endorsed, by the $3.5 billion in new equity we received from
investors who share our vision for helping our clients --
thousands of financial institutions and millions of merchants
around the world -- grow their business," Bisignano added.

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

                        http://is.gd/bexiep

                          About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Company of
$869.1 million in 2013, a net loss attributable to the Company of
$700.9 million in 2012 and a net loss attributable to the Company
of $516.1 million in 2011.

                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FIRST NAT'L COMMUNITY: Director Joseph Gentile Passed Away
----------------------------------------------------------
The Board of Directors of First National Community Bancorp, Inc.,
was notified on Aug. 22, 2014, that one of its directors, Joseph
J. Gentile, had passed away, according to a regulatory filing with
the U.S. Securities and Exchange Commission.  Mr. Gentile served
as a director of the Company since 1998 and as director of First
National Community Bank, the Company's wholly-owned subsidiary,
since 1989.

                        About First National

Headquartered in Dunmore, Pa., First National Community Bancorp,
Inc., is a Pennsylvania corporation, incorporated in 1997 and is
registered as a bank holding company under the Bank Holding
Company Act ("BHCA") of 1956, as amended.  The Company became an
active bank holding company on July 1, 1998, when it acquired
ownership of First National Community Bank (the "Bank").  The Bank
is a wholly-owned subsidiary of the Company.

The Company's primary activity consists of owning and operating
the Bank, which provides customary retail and commercial banking
services to individuals and businesses.  The Bank provides
practically all of the Company's earnings as a result of its
banking services.

First National reported net income of $6.38 million on $32.95
million of total interest income for the year ended Dec. 31, 2013,
as compared with a net loss of $13.71 million on $37.02 million of
total interest income for the year ended Dec. 31, 2012.

As of June 30, 2014, the Company had $957.87 million in total
assets, $908.66 million in total liabilities and $49.20 million in
total shareholders' equity.

                         Regulatory Matters

The Bank is under a Consent Order from the Office of the
Comptroller of the Currency dated Sept. 1, 2010.  The Company is
also subject to a Written Agreement with the Federal Reserve Bank
of Philadelphia dated Nov. 24, 2010.

The Bank, pursuant to a Stipulation and Consent to the Issuance of
a Consent Order dated Sept. 1, 2010, without admitting or denying
any wrongdoing, consented and agreed to the issuance of the Order
by the OCC, the Bank's primary regulator.  The Order requires the
Bank to undertake certain actions within designated timeframes,
and to operate in compliance with the provisions thereof during
its term.  The Order is based on the results of an examination of
the Bank as of March 31, 2009.  Since the examination, management
has engaged in ongoing discussions with the OCC and has taken
steps to improve the condition, policies and procedures of the
Bank.  Compliance with the Order is monitored by a committee of at
least three directors, none of whom is an employee or controlling
shareholder of the Bank or its affiliates or a family member of
any such person.  The Committee is required to submit written
progress reports to the OCC on a monthly basis.  The Committee has
submitted each of the required monthly progress reports with the
OCC.  The members of the Committee are John P. Moses, Joseph
Coccia, Joseph J. Gentile and Thomas J. Melone.


FOUNDATION HEALTHCARE: Incurs $1.5-Mil. Net Loss in 2nd Quarter
---------------------------------------------------------------
Foundation Healthcare, Inc., reported a net loss attributable to
the Company's common stock of $1.50 million on $22.07 million of
revenues for the three months ended June 30, 2014, compared with
net income attributable to the Company's common stock of $638,762
on $21.64 million of revenues for the same period in 2013.

Net loss attributable to the Company's common stock for the six
months ended June 30, 2014, was $3.40 million, compared to net
income attributable to the Company's common stock of $18,151 for
the same period last year.

As of June 30, 2014, the Company had $55.53 million in total
assets, $65.61 million in total liabilities, $8.70 million in
preferred noncontrolling interest and a $18.78 million total
deficit.

"We are pleased with our results as we recorded an 8% increase in
revenue at our majority owned hospitals for the second quarter of
2014 as compared to second quarter 2013.  In addition we
successfully refinanced our debt at the end of the quarter
reducing our average cost of funds from 6.5% to 4.25% and
extending debt amortization to reduce costs by $2 million
annually," stated Stanton Nelson, CEO of Foundation Healthcare,
Inc.

As of June 30, 2014, cash and cash equivalents totaled $1.9
million, compared to $4.0 million at March 31, 2014.

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

                        http://is.gd/2gC7mY

                     About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to
Foundation Healthcare common stock of $20.42 million on $93.14
million of revenues for the year ended Dec. 31, 2013, as compared
with net income attributable to Foundation Healthcare common stock
of $2.45 million on $52.97 million of revenues in 2012.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had insufficient working capital as of Dec. 31,
2013, to fund anticipated working capital needs over the next
twelve months.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


FOUR OAKS: Kenneth Lehman Hikes Equity Stake to 50%
---------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Kenneth R. Lehman disclosed that as of
Aug. 15, 2014, he beneficially owned 16,000,000 shares of common
stock of Four Oaks Fincorp, Inc., representing 49.9 percent of the
shares outstanding.  Mr. Lehman previously reported beneficial
ownership of 875,000 common shares at March 27, 2014.

Mr. Lehman had acquired 15,125,000 shares of Common Stock from the
Company on Aug. 15, 2014, for $1.00 per share.

A copy of the regulatory filing is available for free at:

                        http://is.gd/6odbUr

                          About Four Oaks

Based in Four Oaks, North Carolina, Four Oaks Fincorp, Inc., is
the bank holding company for Four Oaks Bank & Trust Company.  The
Company has no significant assets other than cash, the capital
stock of the bank and its membership interest in Four Oaks
Mortgage Services, L.L.C., as well as $1,241,000 in securities
available for sale as of Dec. 31, 2011.

Four Oaks reported a net loss of $350,000 in 2013, a net loss of
$6.96 million in 2012 and a net loss of $9.09 million in 2011.
As of June 30, 2014, the Company had $833.36 million in total
assets, $806.06 million in total liabilities and $27.30 million in
total shareholders' equity.

                          Written Agreement

"In late May 2011, the Company and the Bank entered into a formal
written agreement (the "Written Agreement") with the Federal
Reserve Bank of Richmond (the "FRB") and the North Carolina Office
of the Commissioner of Banks (the "NCCOB").  Under the terms of
the Written Agreement, the Bank developed and submitted for
approval, within the time periods specified, plans to:

   * revise lending and credit administration policies and
     procedures at the Bank and provide relevant training;

   * enhance the Bank's real estate appraisal policies and
     procedures;

   * enhance the Bank's loan grading and independent loan review
     programs;

   * improve the Bank's position with respect to loans,
     relationships, or other assets in excess of $750,000, which
     are now or in the future become past due more than 90 days,
     are on the Bank's problem loan list, or adversely classified
     in any report of examination of the Bank; and

   * review and revise the Bank's policy regarding the Bank's
     allowance for loan and lease losses and maintain a program
     for the maintenance of an adequate allowance.

A material failure to comply with the terms of the Written
Agreement could subject the Company to additional regulatory
actions and further restrictions on its business.  These
regulatory actions and resulting restrictions on the Company's
business may have a material adverse effect on its future results
of operations and financial condition," the Company said in its
quarterly report for the period ended March 31, 2014.


FUSION TELECOMMUNICATIONS: Delays Q2 Form 10-Q for Audit
--------------------------------------------------------
Fusion Telecommunications International, Inc., filed with the U.S.
Securities and Exchange Commission a Notification of Late Filing
on Form 12b-25 with respect to its quarterly report on Form 10-Q
for the period ended June 30, 2014.  The Company told the
Commission it requires additional time to file the subject report
in order to complete auditor review.

It is anticipated that net loss for the quarter and six months
ended June 30, 2014, will be approximately $2.3 million and $0.9
million, respectively, as compared to net income for the quarter
and six months ended June 30, 2013 of $1.7 million and $0.1
million, respectively.  Net income for the quarter and six months
ended June 30, 2013 includes a one-time gain on the extinguishment
of accounts payable in the amount of $2.9 million.

                 About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion Telecommunications incurred a net loss applicable to common
stockholders of $5.48 million in 2013, a net loss applicable to
common stockholders of $5.61 million in 2012 and a net loss of
$4.45 million in 2011.  The Company's balance sheet at March 31,
2014, showed $69.69 million in total assets, $58.51 million in
total liabilities and $11.18 million in total stockholders'
equity.


GARLOCK SEALING: Ford, Honeywell Seek Access to RICO Claims
-----------------------------------------------------------
Law360 reported that Ford Motor Co., Honeywell International Inc.
and numerous other companies asked a North Carolina federal judge
to let them inspect sealed court records in Garlock Sealing
Technologies LLC's asbestos-related bankruptcy case, which they
say involve claims against lawyers who allegedly engaged in fraud
in settling mesothelioma claims.  According to the report, in
their memorandum accompanying a motion asking U.S. District Judge
Max O. Cogburn Jr. to unseal the records, the automotive and
insurance companies, including Volkswagen Group, cite statements
made by U.S. Bankruptcy Judge George Hodges while presiding over
the Garlock case calling into question the truthfulness of
mesothelioma claimants' representations to active defendants about
their asbestos exposure.

The case is Garlock Sealing Technologies LLC, et al., v. Belluck &
Fox LLP. et al, case number 3:14-cv-00118, in the U.S. District
Court for the Western District of North Carolina, Charlotte
Division.

                      About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his co-
counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against EnPro Industries' Garlock Sealing Technologies LLC
subsidiary at $125 million, consistent with the positions GST put
forth at trial.


GLOBAL GEOPHYSICAL: Amended DIP Loan Agreement Filed
----------------------------------------------------
BankruptcyData, citing documents filed with the U.S. Securities
and Exchange Commission, reported that Global Geophysical Services
has entered into an amendment and waiver to its financing
agreement with agent Wilmington Trust.

According to BData, the S.E.C. filing states, "Among other things,
the DIP Credit Facility Amendment amends provisions in the DIP
Credit Facility relating to limitations on foreign cash balances
and waives the requirement that the Company obtain deposit account
control agreements with respect to certain of its deposit
accounts.   The amendment, BData, said, further explains, "No Loan
Party shall (a) establish or maintain a Deposit Account or a
Securities Account in the United States that is not subject to a
Control Agreement following the date on which Control Agreements
are required to be delivered hereunder, (b) permit the aggregate
amount of Cash and Cash Equivalents of any Loan Party or any
Subsidiary of any Loan Party maintained outside the United States
to exceed $1,500,000 at any time (excluding (i) amounts maintained
in Brazil, Colombia, Kurdistan or Canada....Except with respect to
a plan of reorganization that proposes the immediate indefeasible
payment in full in cash (other than cash provided by the Lenders)
of the Obligations, no Loan Party shall, or shall permit any of
its Subsidiaries to, file any plan of reorganization with the
Bankruptcy Court without the prior written consent, as to both
form and substance, of the Required Lenders."

                       About Global Geophysical

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

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

The Debtors have tapped Baker Botts LLP as general bankruptcy
counsel, Jordan Hyden Womble Culbreth & Holzer PC, as local
counsel, Alvarez & Marsal as restructuring advisors, Fox
Rothschild Inc. as financial advisor, and Prime Clerk as claims
and noticing agent.

Judy A. Robbins, the U.S. Trustee for Region 7, has selected seven
creditors to the Official Committee of Unsecured Creditors.


HYDROCARB ENERGY: CEO Quits; Kent Watts Assumes CEO Role
--------------------------------------------------------
Pasquale V. Scaturro resigned as the chief executive officer of
Hydrocarb Energy Corporation effective on Aug. 8, 2014.  On the
same date, Mr. Scaturro entered into a consulting agreement with
the Company and agreed to provide the Company Geological and
Geophysical consulting pertaining to the Company's oil and gas
concession in Namibia.

Effective immediately upon Mr. Scaturro's resignation, Kent P.
Watts, the Company's executive chairman, assumed the duties of and
title as chief executive officer of the Company.

                       Sells 619,879 Shares

Hydrocarb Energy sold 619,960 shares of unregistered and
restricted shares of the Company's common stock to SMDRE, LLC, an
unrelated entity, in consideration for a $1,859,879 non-interest
bearing note.  The 619,960 shares were previously issued by the
Company to Hydrocarb Corporation to settle liabilities due from
the Company to HCN related to a September 2012 Consulting Services
Agreement with HCN, entered into in conjunction with the
acquisition of Namibia Exploration, Inc.  SMDRE, LLC, agreed to
pay the note as follows:

   (1) 100% of the proceeds payable from the sale of all or part
       of the Shares to a third party will be payable to the
       Company;

   (2) within sixty days of the six month anniversary of the
       Dec. 4, 2013, stock sale (Aug. 3, 3014) or within sixty
       days from the date that the shares become unrestricted
       (whichever is first); and

   (3) 100% of any remaining balance due within 90 days of the
       Company being listed on a major stock exchange if the share
       price of the Company's common stock is above $6.00 per
       share.

On Aug. 8, 2014, and effective Aug. 4, 2014, the Company and
SMDRE, LLC, entered into an amendment to the note, whereby SMDRE,
LLC agreed to pay the Company a $50,000 extension fee (bringing
the total balance of the note to $1,909,879) and we agreed to
modify the repayment terms of the note so that $750,000 would be
due and payable by Dec. 31, 2014, and $1,159,879 would be due and
payable by March 31, 2015, provided that notwithstanding the due
dates above the note shall be paid in full within  sixty days of
the date the Company obtains a listing of its common stock on the
NYSE MKT or NASDAQ trading market.

                      About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Duma Energy incurred a net loss of $40.47 million for the year
ended July 31, 2013, a net loss of $4.57 million for the year
ended July 31, 2012, and a net loss of  $10.28 million for the
year ended July 31, 2011.

The Company's balance sheet at April 30, 2014, showed $26.73
million in total assets, $15.22 million in total liabilities and
$11.50 million in total equity.


INTELLICELL BIOSCIENCES: Delays Form 10-Q for Second Quarter
------------------------------------------------------------
Intellicell Biosciences, Inc., filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the period
ended June 30, 2014.  The Company said it was not able to obtain
all information prior to filing date and management could not
complete the required financial statements and Management's
Discussion and Analysis of those financial statements by Aug. 14,
2014.

                  About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

Intellicell Biosciences reported a net loss of $11.14 million on
$0 of total net revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $4.15 million on $534,942 of total net
revenues during the prior year.

The Company's balance sheet at March 31, 2014, showed $4.09
million in total assets, $25.26 million in total liabilities and a
$21.16 million total stockholders' deficit.

                           Going Concern

"The condensed consolidated financial statements have been
prepared on a going concern basis which assumes the Company will
be able to realize its assets and discharge its liabilities in the
normal course of business for the foreseeable future.  The Company
has incurred losses since inception resulting in an accumulated
deficit of $61,421,672 and a working capital deficit of
$23,780,066 as of March 31, 2014, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  The ability to continue as a going concern is
dependent upon the Company generating profitable operations in the
future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  Management intends to finance
operating costs over the next twelve months with existing cash on
hand and a private placement of common stock or other debt or
equity securities.  There can be no assurance that we will be able
to obtain further financing, do so on reasonable terms, or do so
on terms that would not substantially dilute our current
stockholders' equity interests in us.  If we are unable to raise
additional funds on a timely basis, or at all, we probably will
not be able to continue as a going concern," the Company said in
the quarterly report for the period ended March 31, 2014.


INTERFAITH MEDICAL: Malpractice Claims Election Due Sept. 17
------------------------------------------------------------
U.S. Bankruptcy Judge Carla E. Craig entered a second order in aid
of consummation of the Second Amended Plan of Reorganization for
Interfaith Medical Center, Inc.

The order provides, among other things:

   1. Notwithstanding anything in the Plan or confirmation order
to the contrary: (a) the Covered Person Claims Injunction will
protect all IMC doctors from the commencement or continuation of
any action or proceeding or from enforcing or collecting any
judgment or order respecting a Covered Person Claim related to a
Prepetition Medical Malpractice Claim until Sept. 17, 2014; and
(b) after Sept. 17, the Covered Person Claims Injunction will only
protect an IMC doctor from such actions related to Prepetition
Medical Malpractice Claims if such IMC doctor (i) was an IMC
fellow or resident during the relevant time period; (ii) both: (A)
has timely submitted the form to participate in the Covered
Persons Fund; (B) has paid such doctor's initial amount(s) due to
the Covered Persons Fund under the Plan; and (iii) for so long as
such doctor continues to make the required contributions to the
Covered Persons Fund in the amounts and at the times provided for
under the Plan.

   2. The costs of enforcing the Covered Person Claims Injunction,
whether for providing notice or seeking judicial relief, will be
paid from the Covered Persons Fund.

   3. A holder of a Prepetition or Postpetition Medical
Malpractice Claim may make an Election for its Claim until the
later of: (a) Sept. 17; or (b) thirty days after the date of
service to such holder of notice of the right to make the
Election.

               About Interfaith Medical Center

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

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

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

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

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


INTERFAITH MEDICAL: W. Caldwell Bid for Direct Plan Appeal Denied
-----------------------------------------------------------------
A bankruptcy judge denied Walter Caldwell's for direct
certification to the U.S. Court of Appeals for the Second Circuit
of its appeal of the bankruptcy court order confirming the Chapter
11 Plan of Interfaith Medical Center, Inc.

On June 24, the appellant, pro se, filed the relief.  On July 9,
Melanie Cyganowski, the temporary operator, filed an objection to
the certification request; and the appellant did not object to
confirmation of the Plan prior to or at the confirmation hearing.

The Bankruptcy Court found that direct certification of the appeal
to the Second Circuit will not materially advance the progress of
the Debtor's case, in which the Plan has been confirmed and is
currently being implemented; and it is further found, that there
is no basis to certify the appeal to the Second Circuit.

               About Interfaith Medical Center

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

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

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

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

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


INTERLEUKIN GENETICS: CFO to Quit on Sept. 5
--------------------------------------------
Eliot M. Lurier, the chief financial officer of Interleukin
Genetics, Inc., informed the Company that he was resigning in
order to pursue another professional opportunity at a major
Boston-based academic institution with which he has had a long
standing personal relationship, according to a regulatory filing
with the U.S. Securities and Exchange Commission.  Mr. Lurier's
resignation will be effective as of the close of business on
Sept. 5, 2014.

                         About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

Interleukin Genetics incurred a net loss of $7.05 million on $2.42
million of total revenue for the year ended Dec. 31, 2013, as
compared with a net loss of $5.12 million on $2.23 million of
total revenue in 2012.

Grant Thornton LLP, in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 3, 2013.  The independent auditors noted
that the Company has incurred recurring losses from operations and
has an accumulated deficit that raise substantial doubt about the
Company's ability to continue as a going concern.


ISC8 INC: Delays Q3 Form 10-Q Over Financial Issues
---------------------------------------------------
ISC8 Inc. filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with

respect to its quarterly report on Form 10-Q for the period ended
June 30, 2014..

"Due to ISC8 Inc.'s current financial condition, the Company is
unable to file the quarterly report on Form 10-Q within the
prescribed time period.  Management is currently seeking short-
term capital to address its short-term liquidity concerns,
although we may not be able to secure adequate financing to allow
for the filing of the Quarterly Report on Form 10-Q with in the
extension period," the Company stated in the regulatory filing.

                           About ISC8 Inc.

Costa Mesa, California-based ISC8 Inc. is engaged in the design,
development, manufacture and sale of a family of security
products, consisting of cyber security solutions for commercial
and U.S. government applications, secure memory products, some of
which utilize technologies that the Company has pioneered for
three-dimensional ("3-D") stacking of semiconductors, systems in a
package ("Systems in a Package" or "SIP"), and anti-tamper
systems.

The Company reported a net loss of $28.02 million on $501,000 of
revenues in fiscal year ended Sept. 30, 2013, compared with a net
loss of $19.7 million in fiscal year ended Sept 30, 2012.

Squar, Milner, Peterson, Miranda & Williamson, LLP, in their audit
report on the consolidated financial statements for the year ended
Sept. 30, 2013, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has negative working capital of $29.7 million and a stockholders'
deficit of $55.5 million.


ISSAQUAH GLASS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Issaquah Glass Inc.
        30200 SE 79th St., Ste. 130
        Issaquah, WA 98027

Case No.: 14-16379

Nature of Business: Glass and Glazing

Chapter 11 Petition Date: August 26, 2014

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

Judge: Hon. Timothy W. Dore

Debtor's Counsel: Larry B. Feinstein, Esq.
                  VORTMAN & FEINSTEIN
                  500 Union St Ste 500
                  Seattle, WA 98101
                  Tel: 206-223-9595
                  Email: feinstein2010@gmail.com

Total Assets: $1.14 million

Total Liabilities: $3.48 million

The petition was signed by Timothy Bergsma, vice president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb14-16379.pdf


IZEA INC: Names LeAnn Hitchcock Chief Financial Officer
-------------------------------------------------------
IZEA, Inc., appointed LeAnn Hitchcock as chief financial officer
on Aug. 25, 2014, according a document filed with the U.S.
Securities and Exchange Commission.  Ms. Hitchcock began working
with IZEA as a consultant in November 2011, where she was
responsible for SEC compliance, filings and coordinating the audit
process with IZEA's independent auditors.  She was named IZEA's
interim CFO in June 2013.

"LeAnn's deep experience in the public sector and her history with
IZEA will help us to continue our growth," stated Ted Murphy,
Chairman and CEO of IZEA.  "She has been instrumental to IZEA's
success over the past four years, and she will play an integral
role in our organization as we move forward."

Prior to working with IZEA, Ms. Hitchcock worked as the chief
financial officer of NBI Juiceworks in 2010 and in 2009 as the SEC
Compliance Officer of Workstream Inc., a SaaS company that
provides enterprise management solutions for employee tracking.
From 2002 to 2009, Ms. Hitchcock worked at Galaxy Nutritional
Foods as its chief financial officer and later its SEC Compliance
Officer where she successfully repositioned the debt structure of
the company, created and filed all SEC reports and worked to sell
and privatize the company through a tender offer in 2009.

In 1997, Ms. Hitchcock became the chief financial officer of
FoodMaster International, an international dairy food company that
operated dairy production facilities throughout the former Soviet
Union.  She oversaw the financial training, management, accounting
and consolidation of over 12 entities until its successful sale to
a French dairy company in 2004.

Ms. Hitchcock started her career as an auditor with Arthur
Andersen and PriceWaterhouse Coopers with a strong emphasis on
public companies.  Ms. Hitchcock holds a double major in
Accounting and Business Administration from Palm Beach Atlantic
University and a Masters in Accounting from Florida State
University.

Pursuant to the employment agreement between the Company and Ms.
Hitchcock, she will receive an annual base salary of $185,000 and
be eligible for bonus distributions as determined by the Board of
Directors, based on meeting and exceeding mutually agreed upon
annual performance goals.  Additionally, Ms. Hitchcock received an
option to purchase 400,000 shares of common stock at an exercise
price based on market value on the grant date and expiring on
Aug. 25, 2019.  The option vests 25% immediately and the remainder
in equal monthly instalments over three years, in accordance with
the Company's incentive stock plan.

                          About IZEA, Inc.

IZEA, Inc., headquartered in Orlando, Fla., believes it is a world
leader in social media sponsorships ("SMS"), a rapidly growing
segment within social media where a company compensates a social
media publisher to share sponsored content within their social
network.  The Company accomplishes this by operating multiple
marketplaces that include its platforms SocialSpark,
SponsoredTweets and WeReward, as well as its legacy platforms
PayPerPost and InPostLinks.

IZEA reported a net loss of $3.32 million on $6.62 million
of revenue for the 12 months ended Dec. 31, 2013, as compared with
a net loss of $4.67 million on $4.95 million of revenue during the
prior year.

As of June 30, 2014, the Company had $12.18 million in total
assets, $13.27 million in total liabilities and a $1.09 million
total stockholders' deficit.


JAMES CHARLES VAUGHN: Taxes Not Dischargeable, 10th Circuit Says
----------------------------------------------------------------
James Charles Vaughn commenced an adversary proceeding seeking a
declaration that his taxes assessed for the years 1999 and 2000
are dischargeable under his Chapter 11 bankruptcy petition. After
a trial, the bankruptcy court determined the taxes were not
dischargeable under 11 U.S.C. Sec. 523(a)(1)(C) because Vaughn had
filed a fraudulent tax return and sought to evade those taxes. The
bankruptcy court's decision was affirmed by the federal district
court on appeal.  Vaughn now appeals the district court's order
affirming the bankruptcy court's decision.

In an Aug. 26 ruling, available at http://is.gd/hQN3hdfrom
Leagle.com, a three-judge panel of the United States Court of
Appeals, Tenth Circuit held that none of Vaughn's arguments
"persuade us the bankruptcy court's determination that Appellant
willfully attempted to evade his tax obligations is clearly
erroneous. Appellant fails to demonstrate why we should not defer
to the bankruptcy court's factual finding that Appellant willfully
attempted to evade his tax liability under [Sec.] 523(a)(1)(C)."

"We affirm the district court's decision to affirm the order of
the bankruptcy court," the Ninth Circuit said.

The case is, JAMES CHARLES VAUGHN, Appellant, v. UNITED STATES OF
AMERICA INTERNAL REVENUE SERVICE, Appellee, No. 13-1189 (10th
Cir.).

Counsel to Vaughn is:

         Joseph J. Mellon, Esq.
         THE MELLON LAW FIRM
         1401 Wewatta St. #806
         Denver, CO 80202
         Tel: 303-825-1901
         Cell: 303-915-0198
         E-mail: jmellon@mellonlaw.com

Rachel I. Wollitzer, Attorney, Tax Division (John F. Walsh, United
States Attorney, Of Counsel; Kathryn Keneally, Assistant Attorney
General; and Bruce R. Ellisen, Attorney, Tax Division, with her on
the brief), Department of Justice, Washington, D.C., represent the
U.S. government.

James Charles Vaughn, based in Lone Tree, Colo., filed for Chapter
11 bankruptcy (Bankr. D. Col. Case No. 06-18082) on Nov. 3, 2006,
in Denver.  Judge Michael E. Romero presided over the case.  Lee
M. Kutner, Esq., at Kutner Miller, P.C., served as Chapter 11
counsel to Vaughn.  In his petition, he estimated more than
$100 million in assets, and $1 million to $100 million in
liabilities, listing the Internal Revenue Service, owed
$13.8 million, as his largest unsecured creditor.


JAMES RIVER: Has Court Approval to Sell Assets to Blackhawk Unit
----------------------------------------------------------------
The U.S. Bankruptcy Court in Richmond, Virginia, has approved the
sale of the assets of James River Coal Company, according to
entries in the Chapter 11 case docket.

Sara Randazzo and Jacqueline Palank, writing for Daily Bankruptcy
Review, reported that James River will sell its coal-mining
facilities to a unit of Kentucky's Blackhawk Mining LLC for $52
million.  Dawn McCarty, writing for Bloomberg News, said the
Blackhawk Mining unit will pay $20 million in cash and assume $32
million in liabilities.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that Kentucky River Properties LLC gets a $5 million
second-lien note, while James River takes the $20 million and the
$25 million third-lien note.  The $20 million goes to pay down
secured debt, other than amounts carved out to pay costs of the
Chapter 11 effort, Mr. Rochelle said.

                        About James River

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed
by Peter T. Socha as president and chief executive officer.
Judge Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marshall S. Huebner, Esq, Brian
M. Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice,
claims and administrative agent.

The U.S. Trustee for Region 4 has appointed five creditors to the
Official Committee of Unsecured Creditors.  Michael S. Stamer,
Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin
Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq.,
Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at
LeClairRyan.


KO-KAUA OHANA: U.S. Trustee Balks at GlassRatner's Employment
-------------------------------------------------------------
The U.S. Trustee objected to Ohana Group, LLC's application to
employ GlassRatner Advisory & Capital Group, LLC, as interest rate
expert.

According to the U.S. Trustee, the application contemplated that
the employment is nunc pro tunc back to November 2013, prior to
confirmation of the Plan.  The Court entered an order confirming
the Debtor's Second Amended Plan of Reorganization on Dec. 20,
2013.

The U.S. Trustee noted that any employment must only be authorized
after notice and a hearing, and only from the date of the
application, unless the expert can satisfy the Ninth Circuit's
"exceptional circumstances" test for nunc pro tunc approval.

The Debtor, in its application, stated that it engaged J. Michael
Issa of GlassRatner as its interest rate expert for the purpose of
preparing a written expert report and testifying, as necessary, at
the evidentiary hearing on the Debtor's First Amended Plan of
Reorganization.

The Debtor intended to seek approval of GlassRatner's engagement,
however, due to the parties' settlement negotiations and agreement
that occurred in the latter part of November 2013, and early weeks
of December 2013, an application to engage GlassRatner was not
filed.

The Debtor asserted that the engagement of GlassRatner under a
general retainer is necessary because of the services required for
the estate.

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

The Debtor is represented by:

         Brian H. Krikorian, Esq.
         LAW OFFICES OF BRIAN H. KRIKORIAN
         4100 194th Street SW, Suite 215
         Lynnwood, WA 98036
         Tel: (206) 547-1942
         Fax: (425) 732-0115
         E-mail: bhkrik@bhklaw.com

                       About Ohana Group LLC

Ohana Group LLC, in Seattle, Washington, filed for Chapter 11
bankruptcy (Bankr. W.D. Wash. Case No. 12-21904) on Nov. 30, 2012.
Judge Marc Barreca oversees the case.  James L. Day, Esq., at Bush
Strout & Kornfeld LLP, serves as bankruptcy counsel.  In its
petition, the Debtor scheduled $16,000,000 in assets and
$11,696,131 in liabilities.


LAMSON & GOODNOW: 177-Yr Old Knife Maker Files Bankruptcy
---------------------------------------------------------
Lamson & Goodnow Manufacturing Co., based in Shelburne Falls,
Massachusetts, founded in 1837, is the nation's oldest cutlery
manufacturer.  On August 15, 2014, the 177-year old Company,
together with two affiliates, filed for Chapter 11 bankruptcy
protection from creditors in U.S. Bankruptcy Court for the
District of Massachusetts in Springfield.

The Recorder of Greenfield, Massachusetts, reports that Lamson &
Goodnow has put its 18-acre factory complex up for sale.

Debtor affiliates filing separate Chapter 11 bankruptcy petitions
are:

     Debtor                                      Case No.
     ------                                      --------
     Lamson and Goodnow Manufacturing Company    14-30798
     Lamson and Goodnow, LLC                     14-30799
     Lamson and Goodnow Retail, LLC              14-30801

Judge Henry J. Boroff presides over the case.

Gary M. Weiner, Esq., at Weiner & Lange, P.C., serves as the
Debtors' counsel.

Lamson and Goodnow Manufacturing estimated $1 million to $10
million in both assets and liabilities.  Lamson and Goodnow LLC
estimated $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.  Lamson and Goodnow Retail listed under
$50,000 in assets and under $10 million in liabilities.

The petitions were signed by John Ross Anderson, president.

A list of Lamson and Goodnow Manufacturing's 20 largest unsecured
creditors is available for free at:

               http://bankrupt.com/misc/mab14-30798.pdf

A list of Lamson and Goodnow, LLC's 20 largest unsecured creditors
is available for free at:

               http://bankrupt.com/misc/mab14-30799.pdf

A list of Lamson And Goodnow Retail's 20 largest unsecured
creditors is available for free at

               http://bankrupt.com/misc/mab14-30801.pdf

According to The Recorder, the company sought bankruptcy
protection as a result of two multi-million-dollar loans it could
not repay.  The company owes $1 million on a U.S. Small Business
Administration loan and more than $2 million to the small business
corporation in New York.


LARRY MCCLENDON: Defamation Claim Nondischargeable, 5th Cir. Says
-----------------------------------------------------------------
A state court entered judgment upon a jury verdict awarding Bobby
Springfield $341,000 in damages for defamation against Larry Gene
McClendon.  Mr. McClendon subsequently filed for Chapter 11
bankruptcy.  Mr. Springfield filed a proceeding seeking to have
the debt arising from the defamation judgment declared
nondischargeable pursuant to 11 U.S.C. Sec. 526(a)(6). The
bankruptcy court found the defamation to have been a willful and
malicious injury and declared it nondischargeable, and the
district court affirmed.  Mr. McClendon appeals, arguing
insufficiency of the evidence and that the bankruptcy court
impermissibly shifted the burden of proof to him.

"We affirm," said Circuit Judge Patrick E. Higginbotham, on behalf
of the three-judge panel of the United States Court of Appeals,
Fifth Circuit.

A copy of the Fifth Circuit's Aug. 26 decision is available at
http://is.gd/tmTPn0from Leagle.com.

The case is, LARRY GENE MCCLENDON, Appellant, v. BOBBY J.
SPRINGFIELD, Appellee, No. 13-41030 (5th Cir.).

On Jan. 30, 2012, Mr. McClendon confirmed a Chapter 11 plan of
reorganization.  On May 22, 2012, an order was entered in Mr.
McClendon's Chapter 11 case allowing Mr. Springfield's proof of
claim in the unsecured amount of $341,000.


LIFEPOINT HOSPITALS: S&P Alters Outlook to Stable, Affirms BB- CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Brentwood, Tenn.-based LifePoint Hospitals Inc. to stable from
negative.  In addition, S&P affirmed its 'BB-' corporate credit
rating on the company.

At the same time, S&P affirmed its 'BB-' issue-level ratings on
the company's first-lien debt and its unsecured notes.  The '4'
recovery ratings remain unchanged.  The ratings on the first-lien
and unsecured notes are the same because S&P views the credit
facility and senior unsecured notes as pari-passu because of the
weak security pledge on the first-lien debt.

"The ratings on LifePoint incorporate Standard & Poor's Ratings
Services' assessment that the hospital chain operates in rural
communities and has to contend with a significant reimbursement
risk, competition for its business including outmigration to
larger communities, weak patient volume trends, and an extended
period of an adverse payor mix shift notwithstanding a favorable
shift in the second quarter of 2014," said credit analyst David
Peknay.

S&P's stable rating outlook on LifePoint reflects its view that
the positive impact of the Affordable Care Act will enable the
company to weather a renewal of weak patient volume trends and
ongoing reimbursement pressure.  S&P's outlook is also predicated
on its expectation that the company will size its share
repurchases to maintain leverage within a range that is consistent
with a "significant" financial risk profile (for example, 3x to
4x).

Upside Scenario

An upgrade is unlikely in the foreseeable future.  Notwithstanding
the positive impact of the Affordable Care Act, considering
industry pressures, S&P would not expect that the company would be
able to maintain any meaningful operating improvements suggestive
of a better business risk profile.  Also, given S&P's view of the
company's financial policy which favors share repurchases over
debt repayment, S&P do not expect LifePoint's financial risk
profile to deviate from "significant" to "intermediate".

Downside Scenario

A downgrade would be predicated on operating challenges that would
prevent LifePoint from maintaining credit metrics consistent with
a "significant" financial risk profile.  This might include
sustained organic revenue declines of even modest size, caused by
a chronic reduction in admissions and adverse reimbursement
changes that cause margins to contract at least 100 basis points.
An increase in debt-financed acquisitions could also contribute to
a lower rating.


LIGAND PHARMACEUTICALS: Lemelson Balks at Shares Sale
-----------------------------------------------------
Lemelson Capital Management, a private investment management firm,
on Aug. 25 released additional research and comments on Ligand
Pharmaceuticals amidst the company's unusual and complex debt
arrangement under which the firm has assumed $245 million in debt
principally so that large institutional shareholders can offload
shares of the troubled company in private transactions at
undisclosed prices.  In what is likely the first in a series of
large institutional share sales of Ligand, the company's largest
shareholder, BVF, Inc., revealed to the U.S. Securities and
Exchange Commission (SEC) this week that it has sold 484,524
shares of the company's stock.

"Ligand Pharmaceuticals is an insolvent company facing severe
competitive threats to its key royalty programs that has now
absorbed an extraordinary amount of costly debt apparently to
allow their largest shareholders to liquidate their holdings as
'going concern risk' at the company grows," Lemelson Capital
Management Chief Investment Officer Emmanuel Lemelson said on
Aug. 25.  "This transaction reaffirms our prior research thesis
that Ligand has justifiably lost favor with its largest investors
and has dramatically increased the likelihood of the company
eventually being forced to seek protection from creditors," he
added.

Lemelson Capital Management first announced its short position in
Ligand Pharmaceuticals on June 16, 2014.  The stock has undergone
a significant 26 percent correction since.  "We reiterate our
position that the intrinsic value for Ligand is zero and see these
large institutional sales as an indication that our concerns are
increasingly broadly held," Lemelson said.

Disclosure:  Lemelson Capital is currently short shares of LGND
for its clients.

               About Lemelson Capital Management

Lemelson Capital Management, LLC -- http://www.lemelsoncapital.com
-- is a private investment management firm focused on deep value
and special situation investments.  The firm's flagship fund, The
Amvona Fund, has been named repeatedly one of the world's top
performing hedge funds.

                  About Ligand Pharmaceuticals

La Jolla, California-based Ligand Pharmaceuticals Incorporated is
engaged in the development and commercialization of drugs in
partnership with other pharmaceutical companies, including
GlaxoSmithKline, Pfizer and Merck.  Ligand has developed drug
formulation technologies to target a broad spectrum of diseases,
including hepatitis, Alzheimer's disease and diabetes.


LIQUIDMETAL TECHNOLOGIES: Inks $30MM Purchase Pact With Aspire
--------------------------------------------------------------
Liquidmetal Technologies, Inc., entered into a common stock
purchase agreement with Aspire Capital Fund LLC which provides
that Aspire Capital is committed to purchase up to an aggregate of
$30 million of shares of the Company's common stock over the
approximately 36 month term of the Purchase Agreement.

Concurrently with entering into the Purchase Agreement, the
Company also entered into a registration rights agreement with
Aspire Capital, in which the Company agreed to file one or more
registration statements, as permissible and necessary to register
under the Securities Act of 1933, as amended, the sale of the
shares of the Company's common stock that have been and may be
issued to Aspire Capital under the Purchase Agreement.

A full-text copy of the Common Stock Purchase Agreement is
available for free at http://is.gd/OnwnI9

                  About Liquidmetal Technologies

Based in Rancho Santa Margarita, Cal., Liquidmetal Technologies,
Inc., and its subsidiaries are in the business of developing,
manufacturing, and marketing products made from amorphous alloys.
Liquidmetal Technologies markets and sells Liquidmetal(R) alloy
industrial coatings and also manufactures, markets and sells
products and components from bulk Liquidmetal alloys that can be
incorporated into the finished goods of its customers across a
variety of industries.  The Company also partners with third-
party licensees and distributors to develop and commercialize
Liquidmetal alloy products.

Liquidmetal reported a net loss and comprehensive loss of $14.24
million on $1.02 million of total revenue for the year ended
Dec. 31, 2013, as compared with a net loss and comprehensive loss
of $14.02 million on $650,000 of total revenue for the year ended
Dec. 31, 2012.

The Company's balance sheet at June 30, 2014, showed $16.01
million in total assets, $8.45 million in total liabilities, and
stockholders' equity of $7.56 million.

SingerLewak LLP, in Los Angeles, 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 suffered recurring losses from operations and
has an accumulated deficit.  This raises substantial doubt about
the Company's ability to continue as a going concern.


LONG BEACH MEDICAL: Loeb & Troper Approved as Komanoff Auditors
---------------------------------------------------------------
The Bankruptcy Court authorized Long Beach Medical Center, et al.,
to employ Loeb & Troper as auditors for Long Beach Memorial
Nursing Home doing business as The Komanoff Center for Geriatric
and Rehabilitative Medicine.

L&T is expected to (i) audit Komanoff's balance sheet as of Dec.
31, 2013, including the related statements of operations, change
in net assets and cash flows for the year then ended; and (ii)
prepare required 990 and CHAR 500 filing for Komanoff.

L&T also acted as the Debtors' auditors for several years prior to
the petition date, thus has significant institutional knowledge of
the Debtors and their financial affairs and is the best position
to complete the necessary audits and their financial affairs.

L&T will be paid $50,000 as compensation for rendering the
services.  L&T has not received any retainer in relation with the
retention by Komaoff.

To the best of the Debtors' knowledge, L&T is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Debtor is represented by:

         Burton S. Weston, Esq.
         Afsheen A. Shah, Esq.
         GARFUNKEL WILD, P.C.
         111 Great Neck Road
         Great Neck, NY 11021
         Tel: (516) 393-2588
         Fax: (516) 466-5964

                   About Long Beach Medical Center

Long Beach Medical Center, formerly Long Beach Memorial Hospital,
was a 162-bed, community-based hospital offering primary, acute,
emergency and long-term health care to residents of Long Beach,
New York.  Founded in 1922, LBMC was a teaching facility for the
New York College of Osteopathic Medicine.  LBMC was shut down
after superstorm Sandy devastated the hospital in October 2012.

Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center
for Geriatric and Rehabilitative Medicine, a 200-bed skilled
nursing facility affiliated with LBMC. It provides services for
residents requiring long term nursing home care and short term
post-acute (sub-acute) care.  Currently there are 127 residents of
Komanoff.

Long Beach Medical Center and Long Beach Memorial Nursing Home
d/b/a The Komanoff Center for Geriatric and Rehabilitative
Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014.

Long Beach Medical Center scheduled $17,400,606 in total assets
and $84,512,298 in total liabilities.

Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is
the Debtors' claims and noticing agent.  The Hon. Alan S. Trust
presides over the cases.

The U.S. Trustee has appointed three members to the official
committee of unsecured creditors.  The panel retained Klestadt &
Winters, LLP, led by Sean C. Southard, Esq., as counsel.


LONG BEACH MEDICAL: VCI to Serve as Medical Operations Advisor
--------------------------------------------------------------
Laura W. Patt, the patient care ombudsman appointed in the Chapter
11 case of Long Beach Memorial Nursing Home, Inc., doing business
as The Komanoff Center for Geriatric and Rehabilitative Medicine,
asks the Bankruptcy Court for permission to employ Vernon
Consulting, Inc., as her medical operations advisor nunc pro tunc
to March 17, 2014.

VCI will, among other things:

   a) conduct interviews of patients and facility staff;

   b) review license and governmental permits;

   c) review adequacy of staffing, supplies and equipment; and

   d) review safety standards.

VCI has agreed to reduce its rates by 15%.  The ombudsman has been
advised by VCI that the current hourly rates, which will be
charged in respect of the primary members of the VCI engagement
team for the ombudsman, are:

      Position                 Customary Rate   Discounted Rate
      --------                 --------------   ---------------
Patient Care Ombudsman            $425              $361

Medical Operations:
  Managing Director               $400              $340
  Director                        $375              $318
  Sr. Managing Consultant         $325              $276
  Analyst                         $150              $127

From time to time, other VCI professionals may be involved in the
cases as needed.  Hourly discounted rates for the professionals
range as: $127 to $340.  Reasonable travel time will be charged at
one-half of the applicable hourly rate unless actual work is
performed during such travel time, in which case the full hourly
rate will be charged.

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

                   About Long Beach Medical Center

Long Beach Medical Center, formerly Long Beach Memorial Hospital,
was a 162-bed, community-based hospital offering primary, acute,
emergency and long-term health care to residents of Long Beach,
New York.  Founded in 1922, LBMC was a teaching facility for the
New York College of Osteopathic Medicine.  LBMC was shut down
after superstorm Sandy devastated the hospital in October 2012.

Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center
for Geriatric and Rehabilitative Medicine, a 200-bed skilled
nursing facility affiliated with LBMC. It provides services for
residents requiring long term nursing home care and short term
post-acute (sub-acute) care.  Currently there are 127 residents of
Komanoff.

Long Beach Medical Center and Long Beach Memorial Nursing Home
d/b/a The Komanoff Center for Geriatric and Rehabilitative
Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014.

Long Beach Medical Center scheduled $17,400,606 in total assets
and $84,512,298 in total liabilities.

Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is
the Debtors' claims and noticing agent.  The Hon. Alan S. Trust
presides over the cases.

The U.S. Trustee has appointed three members to the official
committee of unsecured creditors.  The panel retained Klestadt &
Winters, LLP, led by Sean C. Southard, Esq., as counsel.


LYONDELL CHEMICAL: 5th Cir. Reverses Judgment in Union Dispute
--------------------------------------------------------------
After filing for bankruptcy, Houston Refining, L.P., suspended
matching contributions to its employees' 401(k) plans.  The
company later agreed to enter into arbitration regarding the
suspension with the United Steel, Paper and Forestry, Rubber,
Manufacturing, Energy, Allied Industrial and Service Workers
International Union, acting on behalf of itself and its local
unions. After the arbitrator found that the suspension violated
the parties' collective bargaining agreement, Houston Refining
brought an action in the district court to vacate the arbitral
award, and the Union counterclaimed to enforce the award.  Both
parties moved for summary judgment.  The district court denied the
company's motion, granted the Union's motion in part, and remanded
to the arbitrator for clarification of the remedy.  Houston
Refining timely appealed.

"We reverse the judgment of the district court and remand for
further proceedings," said Circuit Judge Emilio M. Garza, on
behalf of a three-judge panel of the United States Court of
Appeals, Fifth Circuit.  A copy of the Fifth Circuit's August 25,
2014 decision is available at http://is.gd/VaRupffrom Leagle.com.

Houston Refining filed for bankruptcy along with other
subsidiaries and affiliates of Lyondell Chemical Company.

The case is, HOUSTON REFINING, L.P., Plaintiff-Appellant, v.
UNITED STEEL, PAPER AND FORESTRY, RUBBER, MANUFACTURING, ENERGY,
ALLIED INDUSTRIAL AND SERVICE WORKERS INTERNATIONAL UNION; UNITED
STEEL WORKERS LOCAL UNION NO. 13-227, Defendants-Appellees, No.
13-20384 (5th Cir.).

                       About Lyondell Chemical

LyondellBasell Industries is one of the world's largest polymers,
petrochemicals and fuels companies.  Luxembourg-based Basell AF
and Lyondell Chemical Company merged operations in 2007 to form
LyondellBasell Industries, the world's third largest independent
chemical company.  LyondellBasell became saddled with debt as
part of the US$12.7 billion merger.  Len Blavatnik's Access
Industries owned the Company prior to its bankruptcy filing.

On Jan. 6, 2009, LyondellBasell Industries' U.S. operations,
led by Lyondell Chemical Co., and one of its European holding
companies -- Basell Germany Holdings GmbH -- filed voluntary
petitions to reorganize under Chapter 11 of the U.S. Bankruptcy
Code to facilitate a restructuring of the company's debts.  The
case is In re Lyondell Chemical Company, et al., Bankr. S.D.N.Y.
Lead Case No. 09-10023).  Seventy-nine Lyondell entities filed
for Chapter 11.  Luxembourg-based LyondellBasell Industries AF
S.C.A. and another affiliate were voluntarily added to Lyondell
Chemical's reorganization filing under Chapter 11 protection on
April 24, 2009.

Deryck A. Palmer, Esq., at Cadwalader, Wickersham & Taft LLP, in
New York, served as the Debtors' bankruptcy counsel.  Evercore
Partners served as financial advisors, and Alix Partners and its
subsidiary AP Services LLC, served as restructuring advisors.
AlixPartners' Kevin M. McShea acted as the Debtors' Chief
Restructuring Officer.  Clifford Chance LLP served as
restructuring advisors to the European entities.

LyondellBasell emerged from Chapter 11 bankruptcy protection in
May 2010, with a plan that provides the Company with US$3 billion
of opening liquidity.  A new parent company, LyondellBasell
Industries N.V., incorporated in the Netherlands, is the
successor of the former parent company, LyondellBasell Industries
AF S.C.A., a Luxembourg company that is no longer part of
LyondellBasell.  LyondellBasell Industries N.V. owns and operates
substantially the same businesses as the previous parent company,
including subsidiaries that were not involved in the bankruptcy
cases.  LyondellBasell's corporate seat is Rotterdam,
Netherlands, with administrative offices in Houston and
Rotterdam.


MASSIF MOUNTAIN: Bankr. Court Okays Sale of Assets to Samtech
-------------------------------------------------------------
On August 22, 2014, in Case No. 14-11659, the U.S. Bankruptcy
Court for the District of Delaware approved the sale of
substantially all of the assets of Massif Mountain Gear Company
L.L.C., debtor and debtor in possession, to Samtech, LLC.

Greenberg Glusker client Samtech was the successful bidder for
$10.2 million at a Section 363 auction sale held on August 20,
2014.

"This acquisition will be seamless to our customers.  The Antex
team has been a huge part of our business since its start so we're
looking forward to growing the business together."

Samtech is affiliated with Matchmaster Dyeing & Finishing, Inc.
dba Antex Knitting Mills, based in Los Angeles, California. Massif
is a supplier of a flame resistant army combat shirt.  The
acquisition enhances Massif's supply chain through vertical
integration, product innovation and rapid prototyping
capabilities, while providing Antex/Matchmaster with an expanded
infrastructure to meet the global needs of the civilian & military
flame resistant clothing industry. The Massif brand will be
maintained.

"The Massif team is thrilled to solidify our long-standing
relationship with our most important supplier," said Noelle
Christensen, vice president and general manager of Massif.  "This
acquisition will be seamless to our customers.  The Antex team has
been a huge part of our business since its start so we're looking
forward to growing the business together."

"The Antex/Matchmaster team has worked closely with Massif for
many years on development and production of flame resistant
fabrics and garments," said Bill Tenenblatt of Samtech.  "We are
very excited about this acquisition.  It is a natural outgrowth of
our long-standing partnership and we look forward to our next
phase as one team."

Greenberg Glusker attorneys Brian Davidoff and Jeffrey Krieger
served as legal counsel for Samtech.  Mr. Davidoff noted that
Samtech overbid the stalking horse bidder which was an affiliate
of Sun Capital.  The process was completed in record time in light
of the fact that the debtor and stalking horse purchaser had set
an accelerated schedule from the time of noticing the sale to
court approval.  We assisted in guiding Samtech through the maze
of requirements in becoming a qualified bidder and then
negotiating and documenting the sale transition.

Attorney Patrick Reilly from Cole Schotz, Meisel, Forman & Leanard
P.A. was co-counsel for the buyer in the transaction.  Attorneys
Morton Branzburg, Domenic Pacitti, Michael Yurkewicz and Michael
Rittinger of the Law firm of Klehr Harrison Harvey Branzburg, LLP
represented the Debtor in the transaction and Carlin Adrianopoli
of Houlihan Lokey was the investment banker in the transaction.

                     About Greenberg Glusker

For nearly 55 years, Greenberg Glusker --
http://www.GreenbergGlusker.com-- is a full-service law firm in
Los Angeles.  Greenberg Glusker maximizes client potential by
providing strategic business and legal counsel in matters
involving bankruptcy, corporate, employment, entertainment,
environmental, intellectual property, litigation, real estate,
taxation and trusts and estates.


METADIGM INC: PE Firm Can't Shake WARN Claims From Cuts at Unit
---------------------------------------------------------------
Law360 reported that a Delaware federal judge refused to dismiss a
lawsuit against private equity firm Navigation Capital Partners
Inc. over layoffs at a bankrupt unit in 2013, ruling the former
employees had adequately alleged the firm had de facto control
over its affiliate and could thus be liable.  According to the
report, in a 15-page opinion, U.S. District Judge Leonard P. Stark
wrote that while the allegations employees suing under the U.S.
Worker Adjustment and Retraining Notification Act lodged regarding
NCP's connection to Metadigm Services Inc. by personnel and
dependency of policy were "wholly conclusory," the laid-off
workers had sufficiently pled that the two entities can be treated
as a single employer in the case.

The case is Hampton v. Navigation Capital Partners Inc., case
number 1:13-cv-00747, in the U.S. District Court for the District
of Delaware.


MERCATOR MINERALS: To File NOI Under Canadian Bankruptcy Act
------------------------------------------------------------
Mercator Minerals Ltd. on Aug. 26 disclosed that it has filed a
Notice of Intention to make a proposal ("NOI") under the Canadian
Bankruptcy and Insolvency Act ("BIA").

As per Mercator's announcement on Aug. 7, 2014, the Company, with
the support of its financial advisor, has been actively
considering its alternatives including, but not limited to the
sale of the Company.  Several interested parties have delivered
proposals that the Mercator Board of Directors believe would be in
the best interest of all stakeholders.  The proposals have been
shared with the Mineral Park lenders ("MPI Lenders").
Unfortunately, the MPI Lenders did not constructively engage with
the Company or our financial advisor.

A NOI is the first stage of a restructuring process under the BIA,
which permits the Company to pursue a restructuring of its
financial affairs, through a formal Proposal.  The NOI provides an
opportunity for the Company to avoid Bankruptcy and may allow
creditors to receive some form of compensation for amounts owing
to them by the Company.

Once the NOI has been filed the Company will be granted up to an
initial 30 days of protection from its creditors to enable the
Company to pursue the option of a Proposal.

Pursuant to the NOI, Deloitte Restructuring Inc. has been
appointed as the trustee in the Company's proposal proceedings and
in that capacity will monitor and assist the Company in its
restructuring efforts.

In addition, each of Mercator's direct and indirect wholly owned
subsidiaries Mercator Mineral Park Holdings Ltd., Lodestrike
Resources Ltd., Mineral Park Inc. ("MPI") and Bluefish Energy
Corporation have also filed a Chapter 11 bankruptcy petition in
the US.  MPI will engage an investment bank for a stand-alone sale
of MPI.

The Board of Directors of Mercator believe the stand-alone sale of
MPI would result in a recovery of less than 100% to the MPI
Lenders and that the liabilities of the Company pursuant to the
parent guarantee in addition to its other liabilities have created
a situation where Mercator is unable to meet its current and
future obligations.  Accordingly, the Board of Directors of
Mercator is forced to file the NOI.

There can be no guarantee that the Company will be successful in
its restructuring efforts.  Failure by the Company to achieve its
financing and restructuring goals will likely result in the
Company becoming bankrupt.

                  About Mercator Minerals Ltd.

Mercator Minerals Ltd., a TSX listed base metals mining company,
operates the wholly-owned copper/molybdenum/silver Mineral Park
Mine in Arizona, USA. Mercator also wholly-owns two development
projects in Sonora, Mexico: the copper heap leach El Pilar project
and the molybdenum/copper El Creston project.


MF GLOBAL: Trustee Files Motion to Make Creditor Distributions
--------------------------------------------------------------
James W. Giddens, Trustee for the liquidation of MF Global Inc.
(MFGI), has filed a motion with the U.S. Bankruptcy Court for the
Southern District of New York, Honorable Judge Martin Glenn
presiding, seeking approval to make 100 percent distributions on
allowed secured, administrative and priority general creditor
claims and a first interim distribution of 20 percent on unsecured
general creditor claims.

The Trustee is proposing to distribute $295 million to holders of
secured, administrative, priority and unsecured general claims,
with the majority being distributed to holders of unsecured
claims.  The Trustee is also seeking to establish a reserve of
$462 million on account of unresolved claims that are before the
court and do not have a final determination.  The Trustee expects
interim distributions to allowed unsecured claims to be followed
by additional distributions at a future date as required reserves
are reduced.

With this filing, the Trustee is fully protecting the MFGI estate
and respecting the due process rights of all.

"From the beginning, we have worked aggressively and diligently to
pay customers 100 percent and marshal assets for distributions to
the general estate, which were two goals that many thought would
not be possible," Mr. Giddens said.  "Both goals have now been
achieved, and I am satisfied that we are positioned to make these
distributions."

The Trustee will continue to diligently attempt to work through
unresolved claims and other disputes in an attempt to reduce the
reserves required to be held to meet the obligations of all
parties.

This significant progress in the administration of the general
estate follows the Trustee's announcement in April 2014 that
MFGI's former public customers with allowed claims would receive a
final, 100 percent distribution.  Distributions to customers are
now virtually complete, with a total of $6.7 billion returned to
over 26,000 securities and commodities futures customers.

The information in this statement does not apply to any other MF
Global entity, including separate insolvency proceedings involving
the parent company, MF Global Holdings Ltd.


MF GLOBAL: Execs Press Case for D&O Policy Proceeds
---------------------------------------------------
Law360 reported that former officers and directors of MF Global
Holdings USA Inc., including ex-CEO Jon Corzine, doubled down on
their bid for additional access to their liability insurance
policies, telling a New York bankruptcy court that doing so will
ultimately benefit the estate by reducing potential
indemnification claims.  According to the report, the former
executives shot back at MF Global's objections to their original
motion, filed in late July, saying the company already conceded
that the proceeds of the policies do not belong to the estate and
that it's relying on a misinterpretation of the company's
liquidation plan.  In fact, the motion argues, there's ample
evidence to suggest that using the proceeds of those policies to
advance defense costs will actually help the estate, the report
related.

                        About MF Global

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

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

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

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

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

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

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

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

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

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

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


MOBIVITY HOLDINGS: Incurs $1.4 Million Net Loss in Second Quarter
-----------------------------------------------------------------
Mobivity Holdings Corp. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.43 million on $1.11 million of revenues for the
three months ended June 30, 2014, compared to a net loss of $9.87
million on $1.08 million of revenues for the same period in 2013.

Net loss for the six months ended June 30, 2014, was $3.19 million
compared to a net loss of $12.29 million for the same period last
year.  Revenues for the six months ended June 30, 2014, were
$2,013,106, a decrease of $100,497, or 5%, compared to the same
period in 2013.

As of June 30, 2014, the Company had $12.54 million in total
assets, $3.52 million in total liabilities and $9.02 million in
total stockholders' equity.

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

                        http://is.gd/TNqKjQ

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings reported a net loss of $16.75 million in 2013,
a net loss of $7.33 million in 2012 and a net loss of
$16.31 million in 2011.


MOMENTIVE PERFORMANCE: Make-Whole Ruling Rattles Bond Market
------------------------------------------------------------
Matthieu Wirz, writing for Daily Bankruptcy Review, reported that
U.S. Bankruptcy Judge Robert Drain's Aug. 26 ruling in the case of
Momentive Performance Materials Inc. has shaken up the distressed
investing world.  According to the DBR report, citing TRACE, the
little known silicone maker's bonds were the most actively traded
corporate debt in U.S. markets with more than $400 million face
value changing hands.  Paper losses on the bonds have exceeded $60
million this week, the DBR report said.

Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported that, on Aug. 26, Judge Drain refused to sign an order
confirming Momentive Performance's plan of reorganization until
the company raises the interest rates on two replacement liens by
0.5 percent and 0.75 percent, to compensate the lenders for risk.

Judge Drain, according to Mr. Rochelle, said lenders to the
producer of silicones for the semiconductor industry aren't
entitled to a so-called make-whole premium, which would have been
approximately $200 million, for early repayment of the debt.

Several issues, among them whether first-lien lenders were
entitled to the so-called make-whole premium, were the subject of
the contested confirmation hearing, which lasted four days and
involved numerous documents.

Before the confirmation hearing, two groups of Momentive
Performance Inc. bondholders told Judge Drain that they decided to
drop opposition to the Chapter 11 plan, Mr. Rochelle said.  Nick
Brown, writing for Reuters, said one of the key objection to the
Plan comes from junior bondholders led by U.S. Bank NA, who would
recover nothing under the plan.  Owed some $382 million, U.S. Bank
says it cannot be treated worse than the bondholders participating
in the rights offering, Reuters related.

Meanwhile, BankruptcyData reported that Momentive Performance has
sought and obtained extension from U.S. Bankruptcy Court in Del.
of the exclusive period during which it can file a Chapter 11 plan
and solicit acceptances thereof through and including Oct. 10,
2014 and Dec. 9, 2014, respectively.

                   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.

Wilmington Trust, National Association, the Trustee for the
Momentive Performance Materials Inc. 10% Senior Secured Notes due
2020 -- 1.5 Lien Notes -- under the Indenture, dated as of May 25,
2012, by and between Momentive Performance Materials Inc. and The
Bank of New York Mellon Trust Company, National Association, is
represented by Mark R. Somerstein, Esq., Mark I. Bane, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP.

U.S. Bank National Association -- as successor Indenture Trustee
under the indenture dated as of December 4, 2006, among Momentive
Performance Materials Inc., the Guarantors named in the Indenture,
and Wells Fargo Bank, N.A. as initial trustee, governing the 11.5%
Senior Subordinated Notes due 2016 -- is represented in the case
by Susheel Kirpalani, Esq., Benjamin I. Finestone, Esq., David L.
Elsberg, Esq., Robert Loigman, Esq., K. John Shaffer, Esq., and
Matthew R. Scheck, Esq., at Quinn Emanuel Urquhart & Sullivan,
LLP; and Clark Whitmore, Esq., and Ana Chilingarishvili, Esq., at
Maslon Edelman Borman & Brand, LLP.

BOKF, NA -- as successor First Lien Trustee to The Bank of New
York Mellon Trust Company, N.A., as trustee under an indenture
dated as of October 25, 2012, for the 8.875% First-Priority Senior
Secured Notes due 2020 issued by Momentive Performance Materials
Inc. and guaranteed by certain of the debtors -- is represented by
Michael J. Sage, Esq., Brian E. Greer, Esq., and Mauricio A.
Espana, Esq., at Dechert LLP.

Counsel to Apollo Global Management, LLC and certain of its
affiliated funds are Ira S. Dizengoff, Esq., Philip C. Dublin,
Esq., Abid Qureshi, Esq., Deborah J. Newman, Esq., and Ashleigh L.
Blaylock, Esq., at Akin Gump Strauss Hauer & Feld LLP.

Attorneys for Ad Hoc Committee of Second Lien Noteholders are
Dennis F. Dunne, Esq., Michael Hirschfeld, Esq., and Samuel A.
Khalil, Esq., at Milbank, Tweed, Hadley & McCloy LLP.


MOMENTIVE PERFORMANCE: Expects to Exit Ch. 11 in Next Few Weeks
---------------------------------------------------------------
Momentive Performance Materials Inc. disclosed that the U.S.
Bankruptcy Court for the Southern District of New York indicated
at a hearing on Aug. 26, 2014 that it will enter an order
confirming the Company's restructuring plan once certain
modifications have been made to the plan.  MPM expects to complete
the modifications shortly and to formally emerge from Chapter 11
within the next few weeks.

"Now that the court has indicated that it will confirm our plan,
the path is clear for MPM to emerge from Chapter 11 as a stronger
and more competitive company," said Craig O. Morrison, Chairman,
President and CEO of MPM.  "Our restructured balance sheet better
aligns MPM with current industry dynamics and will provide us with
additional cash flow that, among other things, can be invested in
growth opportunities, research and development and technology
enhancements."

The key terms of the plan include a $600 million rights offering,
which will provide a significant equity infusion to the Company
and 100% recovery to trade creditors and other general unsecured
creditors.  Upon emergence, MPM will have eliminated $3 billion of
debt from its balance sheet, and will have liquidity of
approximately $425 million and net debt of $1.2 billion.

Mr. Morrison continued, "I want to thank our lenders, including
the financial institutions that have provided us with debtor-in-
possession and exit financing, for their invaluable support of our
company.  I also want to express my gratitude to our customers,
suppliers and employees for their unwavering commitment to MPM,
which has allowed us to operate without interruption throughout
this process and to fulfill our obligations worldwide.  MPM has a
bright future ahead of it, and we look forward to sharing our
future success with all of our stakeholders."

More information at http://www.momentive.com/mpmrestructuring/

Suppliers can contact a dedicated vendor hotline, toll-free at
844-812-8197 or locally at 614-225-4200, or via e-mail at
mpmvendorhotline@momentive.com

Court filings and information about the claims process are
available on a dedicated website administered by MPM's claims
agent, Kurtzman Carson Consultants LLC, at
http://www.kccllc.net/mpmor by calling 888-249-2792 (310-751-2607
for international calls).

Willkie Farr & Gallagher LLP is serving as legal counsel, Moelis &
Company is serving as financial advisor, and AlixPartners, LLP is
serving as restructuring advisor to MPM.

                   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.

Wilmington Trust, National Association, the Trustee for the
Momentive Performance Materials Inc. 10% Senior Secured Notes due
2020 -- 1.5 Lien Notes -- under the Indenture, dated as of May 25,
2012, by and between Momentive Performance Materials Inc. and The
Bank of New York Mellon Trust Company, National Association, is
represented by Mark R. Somerstein, Esq., Mark I. Bane, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP.

U.S. Bank National Association -- as successor Indenture Trustee
under the indenture dated as of December 4, 2006, among Momentive
Performance Materials Inc., the Guarantors named in the Indenture,
and Wells Fargo Bank, N.A. as initial trustee, governing the 11.5%
Senior Subordinated Notes due 2016 -- is represented in the case
by Susheel Kirpalani, Esq., Benjamin I. Finestone, Esq., David L.
Elsberg, Esq., Robert Loigman, Esq., K. John Shaffer, Esq., and
Matthew R. Scheck, Esq., at Quinn Emanuel Urquhart & Sullivan,
LLP; and Clark Whitmore, Esq., and Ana Chilingarishvili, Esq., at
Maslon Edelman Borman & Brand, LLP.

BOKF, NA -- as successor First Lien Trustee to The Bank of New
York Mellon Trust Company, N.A., as trustee under an indenture
dated as of October 25, 2012, for the 8.875% First-Priority Senior
Secured Notes due 2020 issued by Momentive Performance Materials
Inc. and guaranteed by certain of the debtors -- is represented by
Michael J. Sage, Esq., Brian E. Greer, Esq., and Mauricio A.
Espana, Esq., at Dechert LLP.

Counsel to Apollo Global Management, LLC and certain of its
affiliated funds are Ira S. Dizengoff, Esq., Philip C. Dublin,
Esq., Abid Qureshi, Esq., Deborah J. Newman, Esq., and Ashleigh L.
Blaylock, Esq., at Akin Gump Strauss Hauer & Feld LLP.

Attorneys for Ad Hoc Committee of Second Lien Noteholders are
Dennis F. Dunne, Esq., Michael Hirschfeld, Esq., and Samuel A.
Khalil, Esq., at Milbank, Tweed, Hadley & McCloy LLP.


N'GENUITY ENTERPRISES: Bo Jackson Dispute Prompts Ch.22 Filing
--------------------------------------------------------------
N'Genuity Enterprises Co., based on Scottsdale, Arizona, filed for
Chapter 11 bankruptcy (Bankr. D. Ariz. Case No. 14-11553) in
Phoenix on July 28, 2014, listing total assets of $2.33 million
and total debts of $3.06 million.  The company makes food products
for the U.S. military, restaurants, food service operations and
casinos.

Judge Paul Sala presides over the case.  John R. Clemency, Esq.,
at Gallagher & Kennedy, P.A., serves as the Debtor's counsel.  MCA
Financial Group, Ltd., serves as the Debtor's financial and
restructuring advisor.

The petition was signed by Valerie M. LittleChief, president.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb14-11553.pdf

Mike Sunnucks, writing for Phoenix Business Journal, reports that
N'Genuity cited continued lawsuits from Vincent "Bo" Jackson, who
starred in both the National Football League and Major League
Baseball, as one of the driving reasons for the bankruptcy.

"The company cannot afford another round of litigation with
Jackson which would undoubtedly would be followed by another
round," Ms. LittleChief said in court documents filed with the
U.S. Bankruptcy Court in Phoenix, according to the report.

According to the Business Journal, Mr. Jackson and N'Genuity had a
business partnership that started in 2001. But by 2009, the
relationship had soured and Jackson asked to be taken out of
marketing campaigns.  The former outfielder has alleged
mismanagement, nepotism and contends he was squeezed out of
decision-making.

The report also noted that the relationship soured even more when
a likeness of Mr. Jackson, a former Auburn University and Oakland
Raiders running back, started doing advertisements for Chick-Fil-
A.  N'Genuity sued Chick-Fil-A in 2011 over ads featuring Mr.
Jackson.  He then turned around and sued N'Genuity, seeking $17
million in damages.  The court in that case ended up awarding
Jackson $500,000 in damages and 49% of the company.

N'Genuity first filed for Chapter 11 bankruptcy protection in
2011, also citing lawsuits with Mr. Jackson, the report recounted.
The company emerged from that bankruptcy in 2013 only to refile
again in July.

Business Journal also reported that a bankruptcy court filing by
Mr. Jackson's attorneys claims the latest Chapter 11 is to avoid
potential damages N'Genuity might owe from civil lawsuits.

The report also said Mr. Jackson has challenged N'Genuity's hiring
of Gallagher & Kennedy PA attorney John Clemency in its most
recent bankruptcy case.

Mr. Clemency and LittleChief did not respond to requests for
comment, according to the report.  Warren Stapleton, Mr. Jackson's
attorney in Phoenix, also was not able to comment on the
bankruptcy and other legal fights.


NE OPCO: Court Denies Cenveo's Bid to Enforce Sept. 12 Sale Order
-----------------------------------------------------------------
U.S. Bankruptcy Judge Christopher S. Sontchi entered an order
denying in part, and approving in part, the corrected motion of
Cenveo Corporation and Cenveo, Inc., buyers of certain assets of
NE Opco Inc., to enforce the Sept. 12, 2013 sale order and
injunction.

As reported in the Troubled Company Reporter on Aug. 12, 2014,
Cenveo filed a "Corrected Motion Pursuant to 11 U.S.C. [Sections]
105 and 363 to Enforce the Court's Sept. 12, 2013 Sale Order
and Injunction" to bar a wrongful discrimination claim filed by
Paul Torres, who worked as a machine adjuster for NE Opco.

Judge Sontchi, in an opinion, said that the pre-Closing claims
against Cenveo related to the sale of the assets do not survive
the Closing.  Consequently, Mr. Torres' pre-Closing claims are
barred by the Sale Order and enjoined from continuing against
Cenveo.

Judge Sontchi, however, added that claims arising post-Closing are
not claims against the Debtors' bankruptcy estate and cannot be
barred by the Sale Order.  Thus, the Sale Order does not enjoin
Torres from asserting claims against Cenveo for (alleged)
wrongdoings committed after the Closing.  Furthermore, as there
are no post-Closing claims against the Debtors, the Bankruptcy
Court does not have jurisdiction to decide the post-Closing claims
between Torres and Cenveo, the judge said.

                          About NE OPCO, Inc.

National Envelope is the largest privately-held manufacturer of
envelopes in North America.  Headquartered in Frisco, Texas,
National Envelope has eight plants and 15 percent of the envelope
market.  Revenue of $427 million in 2012 resulted in a $60.1
million net loss, continuing an unbroken string of losses since
2007.

NE OPCO, Inc., doing business as National Envelope, along with
affiliate NEV Credit Holdings, Inc., filed petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 13-11483) on June 10, 2013.

The company disclosed liabilities including $148.4 million in
secured debt, with $37.5 million owing on a revolving credit and
$15.6 million on a secured term loan.  There is a $55.7 million
second-lien debt 82 percent held by a Gores Group LLC affiliate.

National Envelope, then known as NEC Holdings Corp., first sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on
June 10, 2010.  The business was bought by Gores Group LLC for
$208 million in a bankruptcy sale.

National Envelope, through NE OPCO, has returned to bankruptcy to
pursue a plan of reorganization or sell the assets as a going
concern via 11 U.S.C. Sec. 363.  The Debtor plans to facilitate a
sale of the business with publicly traded competitor Cenveo Inc.

In the 2013 case, the company tapped the law firm Richards, Layton
& Finger as counsel, PricewaterhouseCoopers LLP as financial
adviser, and Epiq Bankruptcy Solutions as claims and notice agent.

The Gores Group is represented by Weil, Gotshal and Manges LLP and
Lowenstein Landler LLP.  Salus Capital Partners, the DIP agent, is
represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht
& Tunnell LLP.   Wells Fargo Capital Finance, LLC, the prepetition
senior agent, is represented by Goldberg Kohn Ltd and DLA Piper.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq.,
Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J.
Keane, Esq.  Guggenheim Securities, LLC, serves as its investment
banker and financial advisor.

National Envelope won court approval on July 19, 2013, for a
global settlement permitting a sale of the company without
objection from the official unsecured creditors' committee.  The
settlement ensures some recovery for unsecured creditors.  The
Company also won final approval for $67.5 million in bankruptcy
financing being supplied by Salus Capital Partners LLC.

Judge Christopher Sontchi authorized three buyers to acquire
National Envelope's business for a total of about $70 million.
Connecticut-based printer Cenveo Inc. acquired National Envelope's
operating assets for $25 million, Hilco Receivables LLC picked up
accounts receivable for $25 million and Southern Paper LLC took on
its inventory for $15 million.


NEOMEDIA TECHNOLOGIES: Posts $3.6 Million Net Income in Q2
----------------------------------------------------------
NeoMedia Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $3.57 million on $654,000 of revenue for the three
months ended June 30, 2014, as compared with net income of
$637,000 on $1.66 million of revenue for the same period in 2013.

For the six months ended June 30, 2014, the Company reported net
income of $3.58 million on $1.65 million of revenue compared to
net income of $29.67 million on $2.26 million of revenue for the
same period last year.

As of June 30, 2014, the Company had $4.79 million in total
assets, $37.66 million in total liabilities, all current, $4.59
million in series C convertible preferred stock, $348,000 in
series D convertible preferred stock, and a $37.81 million total
shareholders' deficit.

As of June 30, 2014, the Company had $64,000 in cash and cash
equivalents compared with $267,000 as of Dec. 31, 2013.

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

                       http://is.gd/Dp5mAL

                    About NeoMedia Technologies

Atlanta, Ga.-based NeoMedia Technologies provides mobile barcode
scanning solutions.  The Company's technology allows mobile
devices with cameras to read 1D and 2D barcodes and provide "one
click" access to mobile content.

NeoMedia reported a net loss of $214.11 million in 2013, as
compared with a net loss of $19.38 million in 2012.

Kingery & Crouse, P.A., in Tampa, FL, 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 suffered recurring losses from operations, has
significant working capital and shareholder deficits and may have
ongoing requirements for additional capital investment.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


NETTALK.COM INC: Delays Second Quarter Form 10-Q for Review
-----------------------------------------------------------
Nettalk.com, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the period ended
June 30, 2014.

"We are working with our independent accountants to complete our
second quarter financial statements and footnote disclosures to be
included in Form 10-Q.  We need additional time to properly
complete the review and final preparation of Form 10-Q," the
Company said.

                        About Net Talk.com

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

Net Talk.com incurred a net loss of $4.78 million on $6.02 million
of net revenues for the year ended Dec. 31, 2013, as compared with
a net loss of $14.71 million on $5.79 million of net revenues in
2012.

Zachary Salum Auditors P.A., in Miami, 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 incurred significant recurring losses from
operations, its total liabilities exceeds its total assets, and is
dependent on outside sources of funding for continuation of its
operations.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.

                         Bankruptcy Warning

"We have not sustained profits and our losses could continue.
Without sufficient additional capital to repay our indebtedness or
continue operations, we may be required to significantly scale
back our operations, significantly reduce our headcount, seek
protection under the provisions of the U.S. Bankruptcy Code,
and/or discontinue many of our activities which could negatively
affect our business and prospects.  Our current capital raising
efforts may not be successful in raising additional capital on
favorable terms, or at all," the Company said in the 2013 Annual
Report.


NEW BERN RIVERFRONT: Weaver's Negligence Claim v. Curenton Nixed
----------------------------------------------------------------
U.S. Bankruptcy Judge Stephani W. Humrickhouse said Weaver Cooke
Construction, LLC's claims for negligence and breach of express
warranty asserted against Curenton Concrete Works, Inc. related to
the development of the SkySail Luxury Condominiums in New Bern,
North Carolina, are time-barred.

Curenton argues that Weaver Cooke's negligence and breach of
warranty claims accrued more than three years prior to the June
14, 2012, filing date of Weaver Cooke's second, third-party
complaint.  Curenton claims that, due to Weaver Cooke's knowledge
of alleged defects attributable to it prior to June of 2009,
Weaver Cooke's negligence and breach of warranty claims are time-
barred.

In response, Weaver Cooke argues that a genuine issue of material
fact exists as to when Weaver Cooke discovered the impact of the
defects giving rise to its causes of action alleged against
Curenton; i.e., Weaver Cooke claims it first discovered the extent
of the damage caused by defects attributable to Curenton within
three years of its second, third-party complaint.

Judge Humrickhouse, however, sided with Curenton in her August 25
Order available at http://is.gd/wdjiTcfrom Leagle.com.

Debtor New Bern Riverfront Development, LLC, the owner and
developer of the SkySail Project, filed on March 30, 2009, an
action in Wake County Superior Court against nine individual
defendants related to the alleged defective construction of the
SkySail Condos.  The named defendants in the State Action
included: New Bern's general contractor, Weaver Cooke; Travelers
Casualty and Surety Company of America; National Erectors Rebar,
Inc. f/k/a National Reinforcing Systems, Inc.; and certain
subcontractors of the general contractor.  The State Action was
removed to the United States District Court for the Eastern
District of North Carolina on December 16, 2009, and subsequently
transferred to this court on February 3, 2010.  After voluntarily
dismissing its causes of action as to the subcontractors named as
defendants in the State Action, New Bern filed its first amended
complaint on May 6, 2010, asserting claims against Weaver Cooke;
Travelers; National Erectors Rebar, Inc. f/k/a NRS, and the
additional parties of J. Davis Architects, PLLC, and Fluhrer Reed,
PA.

Weaver Cooke filed an answer to New Bern's first amended complaint
and a third-party complaint against Wachovia Bank, National
Association and Wells Fargo & Company f/d/b/a Wachovia
Corporation. Absent as third-party defendants in Weaver Cooke's
original third-party complaint were any of the subcontractors
hired by Weaver Cooke during the construction of the SkySail
Project.  Weaver Cooke then filed its second, third-party
complaint asserting claims of negligence, contractual indemnity
and breach of express warranty against many of the subcontractors
hired during the construction of the SkySail Project, including
Curenton.

                     About New Bern Riverfront

Cary, North Carolina-based New Bern Riverfront Development, LLC,
is the developer of SkySail Condominium, consisting of 121
residential condominiums (plus 1 commercial/non-residential unit)
located on Middle Street on the waterfront in historic downtown
New Bern, North Carolina, and sells the SkySail Condominiums in
the ordinary course of business.  New Bern Riverfront filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case No.
09-10340) on Nov. 30, 2009.  John A. Northen, Esq., at Northen
Blue, LLP, represents the Debtor.  The Company disclosed
$31,515,040 in assets and $25,676,781 in liabilities as of the
Chapter 11 filing.

New Bern Riverfront has filed an Amended Plan of Reorganization,
which represents a consensual plan negotiated with the Debtor's
secured creditor, Wells Fargo Bank, N.A.  The Debtor contemplates
selling properties.


NEW BERN RIVERFRONT: No Quick Ruling in Weaver v. Gouras Dispute
----------------------------------------------------------------
Bankruptcy Judge Stephani W. Humrickhouse declined to make a
summary judgment ruling regarding the third party complaint of
Weaver Cooke Construction, LLC against Gouras, Incorporated,
related to the development of the SkySail Luxury Condominiums in
New Bern, North Carolina.  The judge turned down Gouras' summary
judgment motion, saying genuine issues of material fact exist as
to whether Weaver Cooke knew, or should have known, about Gouras'
alleged defects more than three years prior to the June 14, 2012,
filing date of its second, third-party complaint.  Summary
judgment on the statute of limitations defense is denied, the
judge said.

Debtor New Bern Riverfront Development, LLC, the owner and
developer of the SkySail Project, filed on March 30, 2009, an
action in Wake County Superior Court against nine individual
defendants related to the alleged defective construction of the
SkySail Condos.  The named defendants in the State Action
included: New Bern's general contractor, Weaver Cooke; Travelers
Casualty and Surety Company of America; National Erectors Rebar,
Inc. f/k/a National Reinforcing Systems, Inc.; and certain
subcontractors of the general contractor.  The State Action was
removed to the United States District Court for the Eastern
District of North Carolina on December 16, 2009, and subsequently
transferred to this court on February 3, 2010.  After voluntarily
dismissing its causes of action as to the subcontractors named as
defendants in the State Action, New Bern filed its first amended
complaint on May 6, 2010, asserting claims against Weaver Cooke;
Travelers; National Erectors Rebar, Inc. f/k/a NRS, and the
additional parties of J. Davis Architects, PLLC, and Fluhrer Reed,
PA.

Weaver Cooke filed an answer to New Bern's first amended complaint
and a third-party complaint against Wachovia Bank, National
Association and Wells Fargo & Company f/d/b/a Wachovia
Corporation. Absent as third-party defendants in Weaver Cooke's
original third-party complaint were any of the subcontractors
hired by Weaver Cooke during the construction of the SkySail
Project.  Weaver Cooke then filed its second, third-party
complaint asserting claims of negligence, contractual indemnity
and breach of express warranty against many of the subcontractors
hired during the construction of the SkySail Project, including
Gouras.

A copy of Judge Humrickhouse's August 25 Order is available at
http://is.gd/1xQojFfrom Leagle.com.

                     About New Bern Riverfront

Cary, North Carolina-based New Bern Riverfront Development, LLC,
is the developer of SkySail Condominium, consisting of 121
residential condominiums (plus 1 commercial/non-residential unit)
located on Middle Street on the waterfront in historic downtown
New Bern, North Carolina, and sells the SkySail Condominiums in
the ordinary course of business.  New Bern Riverfront filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case No.
09-10340) on Nov. 30, 2009.  John A. Northen, Esq., at Northen
Blue, LLP, represents the Debtor.  The Company disclosed
$31,515,040 in assets and $25,676,781 in liabilities as of the
Chapter 11 filing.

New Bern Riverfront has filed an Amended Plan of Reorganization,
which represents a consensual plan negotiated with the Debtor's
secured creditor, Wells Fargo Bank, N.A.  The Debtor contemplates
selling properties.


OMNICOMM SYSTEMS: Earns $580K in Q2, Doubts Going Concern Status
----------------------------------------------------------------
OmniComm Systems, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income attributable to common stockholders of $580,640 on
$3.60 million of total revenues for the three months ended
June 30, 2014, compared to a net loss attributable to common
stockholders of $1.71 million on $3.72 million of total revenues
for the same period last year.

For the six months ended June 30, 2014, the Company incurred a net
loss attributable to common stockholders of $979,099 on $6.79
million of total revenues compared to a net loss attributable to
common stockholders of $6.30 million on $7.47 million of total
revenues for the same period in 2013.

As of June 30, 2014, the Company had $7.03 million in total
assets, $39.36 million in total liabilities and a $32.32 million
total shareholders' deficit.

"The ability of the Company to continue in existence is dependent
on its having sufficient financial resources to bring products and
services to market for marketplace acceptance.  As a result of our
historical operating losses, negative cash flows and accumulated
deficits for the period ending June 30, 2014 there is substantial
doubt about the Company's ability to continue as a going concern,"
the Company said in the Report.

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

                        http://is.gd/oPyigV

On Nov. 13, 2013, OmniComm Systems reported under its quarterly
report on Form 10-Q for the quarter ended Sept. 30, 2013, the
information relating to its acquisition of all the outstanding
shares of Promasys B.V. on Nov. 11, 2013.  On August 14, the
Company filed with the SEC a Form 8-K to report the historical
audited financial statements of Promasys for the years ended
Dec. 31, 2012 and 2011 required by Rule 8-04 of Regulation S-X.
A copy of Prosys' 2012 Annual Report is available at:

                        http://is.gd/QYOKJj

                       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.


PACDUNES INC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: PacDunes, Inc.
           dba Kempsville Countertops and Cabinets
        1125 Lance Road
        Norfolk, VA 23502

Case No.: 14-73113

Chapter 11 Petition Date: August 26, 2014

Court: United States Bankruptcy Court
       Eastern District of Virginia (Norfolk)

Judge: Hon. Stephen C. St. John

Debtor's Counsel: Joseph T. Liberatore, Esq.
                  CROWLEY, LIBERATORE, RYAN & BROGAN, P.C.
                  Town Point Center, Suite 300
                  150 Boush Street
                  Norfolk, VA 23510
                  Tel: 757-333-4500
                  Fax: 757-333-4501
                  Email: jliberatore@clrbfirm.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John C. Wheary, president/treasurer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vaeb14-73113.pdf


PANACHE BEVERAGE: KLJ Replaces Silberstein as Accountant
--------------------------------------------------------
Silberstein Ungar, PLLC, resigned as Panache Beverage, Inc.'s
independent registered public accounting firm on July 24, 2014, in
connection with the acquisition of a large portion of its client
base by KLJ & Associates, LLP.

Silberstein's reports on the Company's financial statements for
the years ended Dec. 31, 2012, and Dec. 31, 2013, did not contain
an adverse opinion or a disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope, or
accounting principles, except that the audited financial
statements contained in the Company's annual reports on Form 10-K
for the fiscal years ended Dec. 31, 2012, and Dec. 31, 2013,
contained a going concern qualification.

The Company said the resignation was not a result from any
disagreement with the accounting firm.

On July 28, 2014, the Board of Directors of the Company approved
the appointment of KLJ & Associates, LLP, as the Company's
independent registered public accounting firm.  The Company said
that during the Company's fiscal years ended Dec. 31, 2012, and
2013, and through July 24, 2014, no one acting on behalf of the
Company has consulted KLJ regarding (i) the application of
accounting principles to a specific completed or contemplated
transaction, or the type of audit opinion that might be rendered
on the Company's financial statements; or (ii) any matter that was
either the subject of a disagreement or a reportable event, as
defined in Item 304(a) of Regulation S-K.

                      About Panache Beverage

New York-based Panache Beverage, Inc., specializes in the
strategic development and aggressive early growth of spirits
brands establishing its assets as viable and attractive
acquisition candidates for the major global spirits companies.
Panache builds its brands as individual acquisition candidates
while continuing to develop its pipeline of new brands into the
Panache portfolio.

Panache Beverage reported a net loss of $4.58 million in 2013
following a net loss of $3.27 million in 2012.  The Company's
balance sheet at March 31, 2014, showed $6.05 million in total
assets, $14.36 million in total liabilities and a $8.31 million
total deficit.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2013, Silberstein Ungar, PLLC, expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company has limited working capital
and has incurred losses from operations.


PENSKE AUTOMOTIVE: S&P Raises CCR to 'BB'; Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Bloomfield Hills, Mich.-based automotive retailer Penske
Automotive Group Inc. to 'BB' from 'BB-'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's 5.75% $550 million senior subordinated debt to 'B+' (two
notches below the corporate credit rating) from 'B'.  The '6'
recovery rating on the notes remains unchanged, indicating S&P's
expectation for negligible recovery (0%-10%) in the event of a
payment default.

The stable outlook on Penske indicates S&P's expectation that the
company will able to meet requirements for the current rating.
"For the rating, we would expect the company to maintain its
above-average profitability," said Standard & Poor's credit
analyst Nancy Messer.  "Specifically, we would expect the company
to continue to sustain EBITDA margin of 4.0% or better.  We would
also expect it to maintain debt leverage of 5.0x or less and FOCF
to debt of at least 5%."

For an upgrade to occur, the company's financial risk profile
would need to improve.  Specifically, S&P would expect debt
leverage to fall to below 4.0x and FOCF as a percentage of debt to
increase to at least 10% on a sustainable basis.  S&P would also
need to believe that the company will employ a "moderate"
financial risk policy that balances shareholder expectations for
revenue growth with credit quality that is consistent with a
higher rating.

S&P could lower the rating if Penske's aggressive acquisition
strategy leads to investments that S&P believes is significantly
riskier than the U.S.-based light vehicle retail market or
includes an event that transforms the company's business.  S&P
could also lower the rating if the U.S. economy falls into another
recession, which would decrease demand for vehicles and
maintenance, or if Penske's European and U.K. operations become
much less profitable than S&P expects.  On the financial side, S&P
could lower the rating if worsening debt leverage and FOCF cause
the company's financial risk profile to worsen.  This could occur
if debt leverage remains above 5x and FOCF to debt is persistently
below 5%.


PLASTIPAK HOLDINGS: S&P Affirms 'BB-' CCR; Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit rating on Plymouth, Mich.-based packaging company Plastipak
Holdings Inc.  S&P also affirmed its 'B+' issue-level ratings on
the company's $375 million senior unsecured notes.  The '5'
recovery rating on the company's senior unsecured debt is
unchanged, and indicates S&P's expectation of modest (10% to 30%)
recovery in the event of a payment default.

The revision of the financial risk profile follows S&P's rating
review on Plastipak and the recent publication of its Credit FAQ.
In August 2012, Goldman Sachs Capital Partners purchased a 35%
equity stake in the company.  As part of the shareholders
agreement, Goldman Sachs Capital Partners has a "put" option to
offer Plastipak the right (but not the obligation) to purchase
back the equity stake or initiate a sale of the company.  "Given
that the put option exists at the earlier of Aug. 2017 or in
certain other instances, we do not view this instrument as having
a strong degree of permanence in the capital structure and are now
treating this as debt in our ratio calculations," said Standard &
Poor's credit analyst Daniel Krauss.  As a result, credit measures
weaken moderately and are more in line with an "aggressive"
financial risk profile assessment.  At the current rating S&P
would expect Plastipak to maintain funds from operations (FFO) to
total adjusted debt between 15% and 20%.  In addition, S&P removed
the negative financial policy modifier that it was previously
using, given its current expectation that financial policy
decisions, including a potential future change in ownership, would
not result in credit measures weakening below the "aggressive"
band.

Privately held Plastipak, with annual revenues of about $2.4
billion, is a leading producer of blow-molded plastic containers
in the fragmented and highly competitive rigid plastic packaging
industry.  Plastipak's business position reflects its satisfactory
market shares in plastic packaging for food, beverages, and
consumer cleaning products, strategically located facilities in
close proximity to customers, and its long-standing and mostly
contractual relationships with well-established customers.
Plastipak derives a significant portion of revenues from
recession-resistant end markets, which helped contribute to volume
growth through the past recession.  In addition, S&P expects the
company to continue to benefit from the gradual shift to plastic
from other packaging materials, due to its lighter weight, reduced
transportation costs, and sustainability characteristics.

The outlook is stable.  Plastipak derives a meaningful portion of
its earnings from the recession-resistant food and beverage and
consumer products end markets, which has led to continued volume
growth over the past several years (unit volumes have grown at a
compound annual growth rate of about 5% from fiscal 2009 through
fiscal 2013).  S&P's base case assumes that EBITDA in fiscal 2014
will be roughly in line with fiscal 2013 levels, as growth in
North America and the acquisition of Constar is offset by
continued weakness in Latin America.  S&P expects that throughout
the next year, Plastipak will maintain adequate liquidity and
credit measures that are in line with S&P's expectations at the
current rating, including FFO to debt of 15% to 20%.

In order to consider a higher rating, S&P would need to gain more
clarity around the company's potential future ownership and
financial policy decisions.  In addition to this, S&P could
consider a one-notch upgrade if it believes that the company will
be able to improve FFO to debt to about 25% for an extended
period.  S&P would expect the company to consistently generate
positive discretionary cash flow and to maintain adequate
liquidity levels, with covenant cushions greater than 20%.

Based on S&P's scenario forecasts, it could lower the ratings if
EBITDA declines materially as a result of increasingly competitive
market conditions, raw material cost pressures, or the loss of a
key customer.  Based on S&P's downside scenario, it could lower
the ratings if EBITDA margins weaken by 200 basis points or more
below S&P's expectations, coupled with revenue declines of above
5%.  In this scenario, S&P would expect FFO to total debt to
approach 12%.  The ratings could also come under pressure if debt
increased materially as a result of a potential change in
ownership, increased capital expenditures, shareholder rewards, or
acquisitions.  A downgrade is also possible if unfavorable
settlements in the outstanding Brazilian tax cases pressured
liquidity, or if covenant cushions decline to less than 10%.


PREMIER TRAILER: S&P Withdraws 'B-' CCR at Company's Request
------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings on Premier
Trailer Leasing Inc., including the 'B-' corporate credit rating.

"We initially assigned ratings to the company on June 13, 2014, in
conjunction with its plan to enter into a new $135 million second-
lien term loan," said Standard & Poor's credit analyst Lisa
Jenkins.  "Premier didn't complete the transaction and has asked
that we withdraw our ratings on the company.  Premier is a
provider of trailer leases and rentals."


PREMONT INDEPENDENT SCHOOL: Moody's Affirms 'Ba1' GO Bonds Rating
-----------------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 rating on Premont
Independent School District's (TX) general obligation bonds. The
rating affects $2 million of outstanding GO debt. The bonds are
secured by an unlimited ad valorem tax on all taxable property
within the district.

Summary Rating Rationale

The affirmation of the Ba1 rating reflects the district's
accreditation status of "Accredited-Warned," an improved financial
position, small and concentrated tax base, weak socioeconomic
profile, and a moderate debt burden.

Strengths:

-- Improved financial position

-- Increase in enrollment in fiscal 2014

Challenges:

-- Accreditation status of "Accredited-Warned"

-- Long-term trend of declining enrollment

-- Modestly-sized tax base that is concentrated in oil and gas

-- Weak socioeconomic profile

What Could Make The Rating Go -- UP

-- Accreditation status of "Accredited" with TEA

-- Stabilization of enrollment

-- Significant tax base growth and diversification

What Could Make The Rating Go -- DOWN

-- Deterioration of fund balance or liquidity

-- Further declines in enrollment

-- Contraction of the tax base


PRESSURE BIOSCIENCES: Presented at Wall Street Conference
---------------------------------------------------------
Richard T.Schumacher, president, CEO and board member of Pressure
Biosciences, Inc., presented at the Wall Street Research
Conference on Aug. 19, 2014.  The presentation discussed about
Company overview, experienced management and board, and key
investment highlights.  A copy of Powerpoint Presentation is
available for free at http://is.gd/uw1dFC

                   About Pressure Biosciences

Pressure BioSciences, Inc., headquartered in South Easton,
Massachusetts, holds 14 United States and 10 foreign patents
covering multiple applications of pressure cycling technology in
the life sciences field.

Pressure Biosciences reported a net loss applicable to common
shareholders of $5.24 million on $1.50 million of total revenue
for the year ended Dec. 31, 2013, as compared with a net loss
applicable to common stockholders of $4.40 million on $1.23
million of total revenue in 2012.

As of June 30, 2014, the Company had $1.48 million in total
assets, $2.75 million in total liabilities, and a $1.27 million
total stockholders' deficit.

Marcum LLP, in Boston, Massachusetts, 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 had recurring net losses and continues to
experience negative cash flows from operations.  The auditors said
these conditions raise substantial doubt about its ability to
continue as a going concern.


PSL-NORTH AMERICA: Gets Court OK to Sell Substantially All Assets
-----------------------------------------------------------------
A bankruptcy judge authorized PSL-North America LLC, et al., to
sell substantially all their assets to Jindal Tubular USA LLC in
accordance with the terms of the asset purchase agreement dated
June 16, 2014.

In an auction held on Aug. 15, Jindal's offer constituted the
highest or best offer for the purchased assets.

The Debtors had resolved certain objections, among other things,
in satisfaction of its secured claim against the Debtors, AM/NS
Calvert LLC will receive:

   1. The immediate payment in cash of $327,600, which is
comprised of $75,000 in cash on hand that the Debtors had as of
the Petition Date and $252,600 in accounts receivable generated by
the sale of Calvert's collateral that was collected postpetition;

   2. The immediate return of all manufactured pipe made from coil
supplied by Calvert that was unsold as of the petition date, of
which the Debtors believe there remains 521 tons; and

   3. The immediate return of all unmanufactured Calvert coil in
the Debtors' possession, custody or control.

In response to the objection of CSX Transportation, Inc., to the
sale motion, the Debtors said that the sale to Jindal Tubular was
the culmination of a full and fair marketing process and
represents the highest and best value for the Debtors' estates.
No other bids for purchase of the Debtors' assets were received by
the bid deadline.

The Debtors added that the DIP financing facility provided by
ICICI Bank Limited, New York Branch funded the sale process and
provides for a wind-down budget which the Debtors intend to use to
propose a plan of liquidation to conclude the Chapter 11 cases.

ICICI Bank Limited, New York Branch, as prepetition and
postpetition senior secured lender joined the Debtor's response to
CSX's objection.

As reported in the Troubled Company Reporter on Aug. 15, 2014,
Law360 reported that CSX took issue with the Debtors' proposed
$104 million stalking horse sale, saying the structure of the deal
unfairly benefits the bankrupt pipe maker's largest creditor.
According to the report, railroad giant CSX, an unsecured creditor
of PSL NA, does not oppose a Section 363 auction of the debtors'
assets but contends the proposed sale terms are improper because
ICICI Bank Ltd. would have its $78 million debt assumed before the
court can determine whether its liens are properly secured,
according to an objection filed in court.

The Court also ordered that other objections were overruled.

                     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 LL disclosed $93,343,085 in assets and
$204,025,409 in liabilities as of the Chapter 11 filing.  As of
the Petition Date, the company had total outstanding debt
obligations of $130 million, according to a court filing.

Proposed counsel for the Debtor are John H. Knight, Esq., Paul N.
Heath, Esq., Tyler D. Semmelman, Esq., Amanda R. Steele, Esq. and
William A. Romanowicz, Esq. at Richards, Layton & Finger, P.A.
of Wilmington, Delaware.   Epiq Bankruptcy Solutions serves as
claims agent.


PSL-NORTH AMERICA: CSX Approved to Proceed with Alabama Action
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved a
stipulation granting CSX Transportation, Inc., limited relief from
the automatic stay in the Chapter 11 cases of PSL - North America
LLC, et al.

On Aug. 7, 2014, CSX requested for relief from the automatic stay
to pursue claims that are nominally against the Debtor and pending
in the U.S. District Court for the Northern District of Alabama,
but for which the Debtor is fully insured and represented by
insurance carriers.

CSX assert that the Alabama Action is nearly complete after a year
of discovery and must be permitted to proceed to trial.

                    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 LL disclosed $93,343,085 in assets and
$204,025,409 in liabilities as of the Chapter 11 filing.  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.


RESIDENTIAL CAPITAL: Court Rejects Motion to Remand Suit v. UBS
---------------------------------------------------------------
Bankruptcy Judge Martin Glenn denied a motion to remand in the
lawsuit, RESIDENTIAL FUNDING COMPANY, LLC, Plaintiff, v. UBS REAL
ESTATE SECURITIES, INC., Defendant, Adv. Pro. Case No. 14-01926
(MG)(Bankr. S.D.N.Y.).

Residential Funding Company, LLC sued UBS Real Estate Securities,
Inc. in the New York State Supreme Court, seeking breach of
contract damages and indemnification related to loans UBS sold to
RFC. RFC then removed the action to the Bankruptcy Court, and UBS
now seeks to remand the case to state court.  UBS also filed a
motion to withdraw the reference of the action to the Bankruptcy
Court.  Judge Daniels of the District Court denied that motion
without prejudice, in part to await the Bankruptcy Court's
decision on the Remand Motion.

The complaint against UBS is substantially similar to complaints
in 83 other lawsuits initiated by RFC or its successor in
interest, the ResCap Liquidating Trust.  The majority of the RMBS
Actions are currently pending in the U.S. District Court for the
District of Minnesota, and 13 adversary proceedings substantially
similar to the action against UBS are currently pending before the
Bankruptcy Court, under the central docket In re ResCap
Liquidating Trust Mortgage Purchase Litigation, Adv. No. 14-07900
(Bankr. S.D.N.Y.). At least 10 defendants in those adversary
proceedings have pending motions to withdraw the bankruptcy
reference and/or transfer venue, each in front of a different
district judge.

The RMBS Actions involve similar state law claims for breach of
contract and indemnification related to the packaging and sale of
residential mortgage backed securities.  According to Judge Glenn,
what sets the UBS action apart is the fact that UBS filed a proof
of claim against RFC in the bankruptcy case.  That distinction is
determinative of the outcome of this Motion.

UBS's proof of claim seeks contract breach damages and
indemnification under a separate but similar contract governing
the sale of loans from RFC to UBS.  RFC's claims against UBS are
counterclaims to UBS's proof of claim.

According to Judge Glenn, those counterclaims are statutorily
"core" under 28 U.S.C. Sec. 157(b)(2)(C) as "counterclaims by the
estate against persons filing claims against the estate." It
follows that the counterclaims fall within Congress' grant of
federal subject matter jurisdiction under 28 U.S.C. Sec. 1334(b)
over "civil proceedings arising under title 11, or arising in or
related to cases under title 11."

"Whether this Court has the constitutional authority (absent
consent) to enter final judgment on the counterclaims is a
separate issue, not necessary for a ruling on the Remand Motion.
Further, because RFC's claims are "core," they are not subject to
mandatory abstention under 28 U.S.C. [Sec.] 1334(c)(2), and the
Court will not abstain from hearing this action under the
permissive abstention principles of 28 U.S.C. [Sec.] 1334(c)(1),"
Judge Glenn said.  "Accordingly, the Remand Motion is denied."

A copy of Judge Glenn's August 25 Order is available at
http://is.gd/4jFQWCfrom Leagle.com.

Attorneys for Defendant UBS Real Estate Securities, Inc.:

     Alexander C. Drylewski, Esq.
     SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
     Four Times Square
     New York, NY 10036

Attorneys for Plaintiff Residential Funding Company, LLC:

     Isaac Nesser, Esq.
     QUINN EMANUEL URQUHART & SULLIVAN, LLP
     51 Madison Avenue, 22nd Floor
     New York, NY 10010

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RESTORGENEX CORP: Grants 1.5MM Shares Options to Executives
-----------------------------------------------------------
Effective July 24, 2014, the Board of Directors of Restorgenex
Corporation approved the grant of stock options to the following
officers and directors:

  (a) Yael Schwartz, executive vice president of Preclinical
      Development, options to purchase 119,482 shares;

  (b) David Sherris, chief scientific officer and director,
      options to purchase 119,482 shares;

  (c) Stephen M. Simes, chief executive officer, options to
      purchase 542,975 shares;

  (d) Sol Barer, Chairman of the Board, options to purchase
      123,287 shares;

  (e) Isaac Blech, director, options to purchase 87,449 shares;

  (f) Rex Bright, options to purchase 61,085 shares;

  (g) Craig Abolin, vice president of Pharmaceutical Sciences,
      options to purchase 59,729 shares;

  (h) Tim Boris, General Counsel, options to purchase 79,655
      shares;

  (i) Phil Donenberg, chief financial officer, options to purchase
      271,475 shares; and

  (j) Nelson Stacks, director, options to purchase 61,374 shares.

All of the options are for a term of 10 years at an exercise price
of $3.92 per share and vest quarterly over a three-year period.

                         About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $2.45 million in 2013 following
a net loss of $6.85 million in 2012.  The Company's balance sheet
at March 31, 2014, showed $26.45 million in total assets, $14.23
million in total liabilities, and stockholders' equity of $12.21
million.

Goldman Kurland and Mohidin LLP, in Encino, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that RestorGenex Corporation has suffered recurring
losses and has negative cash flow from operations.  These
conditions raise substantial doubt as to the ability of
RestorGenex Corporation to continue as a going concern.


REVEL AC: Luis Salazar Appointed as Consumer Privacy Ombudsman
--------------------------------------------------------------
In the Chapter 11 cases of Revel AC and their affiliates, the
Bankruptcy Court entered these orders:

     -- an order directing the United States Trustee to appoint
one disinterested person to serve as ombudsman in the Debtors'
cases;

     -- a corrected order that authorized and approved the
Debtors' Key Employee Incentive Program. Among other things, the
corrected order directs the debtors to file the unredacted version
of the KEIP disclosing the sale consideration milestones promptly
upon the announcement of the successful bidder at the conclusion
of the auction; and

     -- a final order authorizing the Debtors to pay the
prepetition claims of certain essential vendors.

On August 8, the U.S. Trustee filed a notice of appointment of
Luis Salazar as the consumer privacy ombudsman.

Revel AC asked the Bankruptcy Court to enter a judgment and order
on the payment of prepetition claims, and to approve the KEIP.

The Debtors, the Office of the United States Trustee for the
District of New Jersey and the DIP Lenders consented to the
appointment of a consumer privacy ombudsman.

On July 7, 2014, IDEA Boardwalk filed with the court a limited
opposition with regard to the payment of prepetition claim. While
IDEA is supportive of the relief sought by Revel, IDEA believes
that the payment of the prepetition claim requires clarification.

The Debtors seek authority to pay prepetition claims of essential
vendors, such as third party operators accepting room charges for
goods and services, like IDEA.

IDEA argues that the monies collected by the Debtors for the third
party operators should be segregated from the assets of the
Debtors. Further, it is stated that the financing motion sought by
the Debtor should be amended to indicate that the Debtors'
authority to use cash collateral does not include authorization to
use or lien monies collected on account for the third party
operators.

On July 14, 2014, the Court entered an order authorizing, but not
directing, the Debtors to pay the prepetition claims of essential
vendors or parties who supply goods or services to the continued
operation of the Debtors' businesses. Thus, subject to claim
payment procedures, the Debtors may make essential payments in an
aggregate amount not to exceed $3.5 million, with no one essential
vendor receiving more than $385,000.

On the other hand, the official committee of unsecured creditors
submitted its limited objection to the KEIP.  The committee
believes that it is a wasteful exercise to engage in discovery and
litigate the KEIP motion.  The Committee also said it is premature
to embark on a disclosure statement approval and plan solicitation
and confirmation process until after there is an indication that
there will be a successful auction will be an exercise in
futility.

On July 25, 2014, the U.S. Trustee filed its objection to the
KEIP.  The KEIP bonus provision is based in part on the success of
operations from the petition date to the closing date and in part
in the successful sale of the Debtor's assets. The KEIP's total
potential award is $1,750,000 to be taken from the realization of
a certain amount of proceeds from the sale of substantially all of
the debtors' assets and part from the debtors in achieving an
actual operating cash flow that equals or exceeds the budgeted
operating cash flow.

The U.S. Trustee's concern deals particularly on the fact that the
KEIP does not identify which of the participating employee is an
insider.  The program also does not provide sufficient information
regarding the difficulty of achieving the bonus targets.

                          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.


REVEL AC: Gavin/Solmonese Okayed as Committee's Financial Advisor
-----------------------------------------------------------------
U.S. Bankruptcy Judge Gloria M. Burns authorized the Official
Committee of Unsecured Creditors in the Chapter 11 cases of Revel
AC, Inc., et al., to retain Gavin/Solmonese LLC as its financial
advisor nunc pro tunc to July 2, 2014.

Gavin/Solmonese is expected to, among other things:

   a) review and analyze the businesses, management, operations,
properties, financial condition and prospects of the Debtors;

   b) review and analyze historical financial performance, and
transactions between and among the Debtors, their creditors,
affiliates and other entities; and

   c) review the assumptions underlying the business plans and
cash flow projections for the assets involved in any potential
asset sale or plan of reorganization.

Gavin/Solmonese engagement team for the Committee is comprised of:

                                           Hourly Rate
                                           -----------
         Edward T. Gavin, CTP                  $625
         Wayne P. Weitz                        $500
         Stanley Mastil                        $395

From time to time, other Gavin/Solmonese professionals may be
involved in the cases as needed.  Hourly rates for the
professionals range from $250 to $650 per hour.

The Court also ordered that Gavin/Solmonese's total fees for the
engagement will not exceed $200,000.

To the best of the Committee's knowledge, Gavin/Solmonese does not
hold or represent any interest adverse to the Debtors, their
estates or creditors.

In a separate order, the Court authorized the Debtors to employ
The Brattle Group, Inc. as their economic consultant.

The Committee is represented by:

         Michael D. Sirota, Esq.
         Warren A. Usatine, Esq.
         Ilana Volkov, Esq.
         Ryan T. Jareck, Esq.
         COLE, SCHOTZ, MEISEL, FORMAN & LEONARD, P.A.
         A Professional Corporation
         Court Plaza North
         25 Main Street
         P.O. Box 800
         Hackensack, NJ 07602-0800
         Tel: (201) 489-3000
         Fax: (201) 489-1536

The Debtors are represented by:

         Alfred J. Lechner Jr., Esq.
         John K. Cunningham, Esq.
         Richard S. Kebrdle, Esq.
         Kevin M. McGill, Esq.
         WHITE & CASE LLP
         Southeast Financial Center
         200 South Biscayne Boulevard, Suite 4900
         Miami, FL 33131
         Tel: (305) 371-2700
         Fax: (305) 358-5744
         E-mails: jlechner@whitecase.com
                  jcunningham@whitecase.com
                  rkebrdle@whitecase.com
                  kmcgill@whitecase.com

                           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.


REVEL AC: Taps Ernst & Young LLP as Auditor and Tax Advisor
-----------------------------------------------------------
Revel AC, Inc., et al., ask the Bankruptcy Court for permission to
employ Ernst & Young LLP as auditor and tax advisor.

EY LLP will, among other things:

   1. provide audit services pursuant to the 2013 and 2014
financial statement audit engagement letters, well as the benefit
plan audit engagement agreement; and

   2. provide tax services pursuant to the certain master services
agreement.

Patrick T. Pruitt, a partner at EY LLP, tells the Court that the
hourly rates of EY LLP's personnel to handle the audit are:

         Partner                        $500
         Senior Manager                 $425
         Manager                        $350
         Senior                         $250
         Staff                          $150

EY LLP will also charge the Debtors a fixed fee of $17,000 plus
certain out-of-pocket expenses.

EY LLP will charge the Debtors for tax services based on these
hourly rates:

     Partner/Principal/Exec. Director    $475 to $850
     Senior Manager                      $350 to $575
     Manager                             $275 to $450
     Senior                              $225 to $350
     Staff                               $160 to $225

According to Mr. Pruitt, the fees under the tax compliance are
capped at $95,000, the fees under the New Jersey Manufacturing and
Employment Tax Credit Statement of work are capped at $75,000 and
the fees under the Federal Work Opportunity Tax Credit statement
of work are capped at $40,000.

Prepetition, EY LLP received $491,726 from the Debtors, including
a retainer in the amount of $150,000.  EY LLP is not owed any
amount by the Debtors as of the Petition Date and continues to
hold a retainer of $15,187 as of the Petition Date.

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

                           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.


REVEL AC: Wants to Hire Brattle Group as Economic Consultant
------------------------------------------------------------
Revel AC, Inc., et al., ask the Bankruptcy Court to authorize and
approve the employment of The Brattle Group, Inc., as its economic
consultant nunc pro tunc to the Petition Date.

Brattle is providing economic analyses and litigation support in
connection with the Chapter 11 cases.  In particular, Brattle will
analyze the fair market value of services provided under that
certain Second Amended and Restated Energy Sales Agreement by and
between Debtor Revel Entertainment Group, LLC and ACR Energy
Partners, LLC dated April 11, 2011, and related issues as
requested by counsel to the Debtors.

The Debtors will compensate Brattle at its standard hourly rates.
The hourly rates for professionals who may be assigned to the
engagement are:

       Full-Time Principals            $400 to $800
       Senior Consultants              $350 to $600
       Senior Associates               $350 to $450
       Associates                      $290 to $400
       Research Assoc./ Consultants    $255 to $360
       Research Analysts               $200 to $330
       Administrative                   $80 to $95

Brattle anticipates that the staffing of the Debtors' engagement
will consist primarily of Dean M. Murphy ($450/hour).

Out-of-pocket expenses for activities as travel or communications
will be billed at the actual amounts incurred.

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

                           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.


RICEBRAN TECHNOLOGIES: Shareholders Elected 7 Directors
-------------------------------------------------------
Ricebran Technologies disclosed with the U.S. Securities and
Exhange Commission that it held an annual meeting of shareholders
on Aug. 19, 2014, at which the shareholders:

   (1) elected John Short, David Goldman, Baruch Halpern, Henk W.
       Hoogenkamp, Robert S. Kopriva, Robert C. Schweitzer, and
       Peter A. Woog to the Board of Directors;

   (2) approved the Company's 2014 Equity Incentive Plan;

   (3) approved, on a nonbinding advisory basis, the compensation
       of the Company's named executive officers; and

   (4) ratified the appointment of BDO USA, LLP, as the Company's
       independent registered public accounting firm for the for
       the year ending Dec. 31, 2014.

The 2014 Equity Plan reserves 1,600,000 shares of common stock of
the Company for issuance to current and prospective employees,
consultants, current non-employee directors of the Company or
other eligible participants under the Plan.

                           About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran Technologies reported a net loss of $17.64 million on
$35.05 million of revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $11.13 million on $37.72 million of
revenues for the year ended Dec. 31, 2012.

As of June 30, 2014, the Company had $54.31 million in total
assets, $32.13 million in total liabilities, $5.60 million in
temporary equity and $16.57 million in total equity attributable
to the Company's shareholders.

BDO USA, LLP, in Phoenix, Arizona, 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 suffered recurring losses from operations
resulting in an accumulated deficit of $219 million at Dec. 31,
2013.  This factor among other things, raises substantial doubt
about its ability to continue as a going concern.


RUBLE HOLDINGS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Ruble Holdings, LLC
        P O Box 7744
        Gulfport, MS 39506

Case No.: 14-51336

Chapter 11 Petition Date: August 26, 2014

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Gulfport-6 Divisional Office)

Judge: Hon. Katharine M. Samson

Debtor's Counsel: Robert Gambrell, Esq.
                  GAMBRELL & ASSOCIATES, PLLC
                  101 Ricky D Britt Blvd, Ste 3
                  Oxford, MS 38655
                  Tel: 662-281-8800
                  Fax: 662-202-1002
                  Email: rg@ms-bankruptcy.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by John H. Ruble, managing member.

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


QTS INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: QTS, Inc.
        500 W. 140th St. #D
        Gardena, CA 90248

Case No.: 14-26361

Chapter 11 Petition Date: August 26, 2014

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

Judge: Hon. Neil W. Bason

Debtor's Counsel: Naveen Madala, Esq.
                  PRIMA LAW GROUP, INC.
                  14730 Beach Blvd., Suite 207
                  La Mirada, CA 90638
                  Tel: 714-515-1626
                  Fax: 714-738-0400
                  Email: naveen@primalawgroupinc.com

Total Assets: $359,995

Total Liabilities: $9.51 million

The petition was signed by James Kang, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-26361.pdf


S&S THERMO: Files for Chapter 7 Bankruptcy in Minnesota
-------------------------------------------------------
S&S Thermo Dynamics Inc., filed for Chapter 7 bankruptcy (Bankr.
D. Minn. Case No. 14-33322) in St. Paul, Minnesota, on Aug. 12,
disclosing assets of $1,330,740 and liabilities of $1,034,706.
The petition was signed by Shawn Wenner, president.


SECUREALERT INC: Incurs $2.8 Million Net Loss in Third Quarter
--------------------------------------------------------------
SecureAlert, Inc., reported a net loss attributable to common
stockholders of $2.80 million on $3.15 million of total revenues
for the three months ended June 30, 2014, compared to a net loss
attributable to common stockholders of $4.14 million on $2.68
million of total revenues for the same period in 2013.

The Company also reported a net loss attributable to common
stockholders of $5.39 million on $8.26 million of total revenues
for the nine months ended June 30, 2014, compared to a net loss
attributable to common stockholders of $7.22 million on $13.08
million of total revenues for the same period last year.

As of June 30, 2014, the Company had $50.71 million in total
assets, $27.48 million in total liabilities and $23.22 million in
total equity.

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

                        http://is.gd/CYZvpR

The Company also filed an amendment to its Form 8-K report
originally filed with the SEC on June 4, 2014, disclosing its
acquisition of Emerge Monitoring, Inc., which is the direct owner
of all of the issued and outstanding equity interests of Emerge
Monitoring II, LLC, a wholly-owned subsidiary of Emerge, and a
majority (65%) of the equity interest of Integrated Monitoring
Systems LLC, a subsidiary of Emerge LLC.  Subsequently on July 11,
2014 the Company purchased the remaining 35% of the equity
interest of IMS from Future Technology Partners, LLC.  Under the
Original 8-K, the Company stated that (a) the financial
information of Emerge Monitoring, Inc. and its subsidiaries, the
notes related thereto and the related independent report of
registered public accounting firm would be filed no later than 71
days following the date that the Original 8-K was required to be
filed, and (b) pro forma financial information would be filed by
amendment no later than 71 days following the date that the
Original 8-K was required to be filed.

The audited consolidated financial statements of Emerge
Monitoring, Inc., as of Dec. 31, 2013 and 2012, and the unaudited
condensed consolidated financial statements for the interim
period, the notes related thereto and the related independent
auditors' report of Eide Bailly, LLP, are available for free at:

                        http://is.gd/AEZVBu
                        http://is.gd/6lAvpq

                         About SecureAlert

Sandy, Utah-based SecureAlert, Inc., markets and deploys offender
management programs, combining patented GPS tracking technologies,
fulltime 24/7/365 intervention-based monitoring capabilities and
case management services.

SecureAlert incurred a net loss attributable to the Company's
common stockholders of $18.95 million for the year ended Sept. 30,
2013, following a net loss attributable to the Company's common
stockholders of $19.93 million for the fiscal year ended Sept. 30,
2012.

Hansen, Barnett & Maxwell, P.C., in Salt Lake City, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2013.  The independent
auditors noted that the Company has incurred losses, negative cash
flows from operating activities, notes payable in default and has
an accumulated deficit.  These conditions raise substantial doubt
about its ability to continue as a going concern.


SHOTWELL LANDFILL: Fails in Bid to Dismiss LSCG Appeal
------------------------------------------------------
Senior District Judge W. Earl Britt said Friday that the appeal by
LSCG Fund 18, LLC from U.S. Bankruptcy Judge Stephani W.
Humrickhouse's order denying the request of David A. Cook and LSCG
for appointment of a Chapter 11 trustee in the Chapter 11 cases of
Shotwell Landfill Inc., may proceed.

In their request, LSCG and Cook argue that David W. King, Jr.,
being the sole director and president of the Debtors, is
incompetent in managing the business affairs of the Debtors.

After a final hearing on the motion on May 21, 2014, the
Bankruptcy Court, on June 13, 2014, disagreed with LSCG and Cook,
and denied the motion.  On June 26, 2014, LSCG filed a notice of
appeal to the United District Court for the Eastern District of
North California.

On appeal, the Debtors argue that the Bankruptcy Judge's order is
interlocutory in nature and therefore not appealable now.  The
District Court concluded that the Bankruptcy Court's order is
final and therefore, the District Court has jurisdiction over the
appeal.

A copy of the District Court's Aug. 22 Order is available at
http://is.gd/T2IH7ffrom Leagle.com.

On April 19, 2013, Shotwell filed a petition for relief under
Chapter 11 of the Bankruptcy Code. Due to King's mismanagement and
fraudulent activity, LSCG and Cook first filed a motion for the
appointment of a trustee on October 31, 2013.

In a "Renewed and Restated Emergency Motion" filed on May 1, 2014,
LSCG and Cook allege that King has been using the funds of the
Debtors for his personal benefit, and since January 1, 2011, King
did not exercise proper control over the Debtors' finances and
failed to maintain a separation of the Debtors and his personal
debts.

On November 1, 2013, the North Carolina Department of Environment
and Natural Resources issued a third facility compliance report to
Shotwell regarding an October 10, 2013 site inspection. In the
report, NCDENR noted that Shotwell still failed to resolve
previous violations.

LSCG and Cook assert that the appointment of a Chapter 11 trustee
will not be an unduly burdensome expense of the bankruptcy estate
and that it will provide the creditors with the reassurance that a
fair fiduciary is managing the Debtors.

On May 20, 2014, the Debtors filed their objection to the motion
to appoint a Chapter 11 trustee.  The Debtors argue that they are
still operating appropriately, and in compliance with their permit
and applicable environmental regulations. Further, their financial
transactions have been disclosed to the court and all the parties
in interest.  The notice from NCDENR is typical and is taken
seriously by the Debtors, they added.

Counsel for LSCG Fund 18, LLC are:

     Thomas W. Waldrep, Jr., Esq.
     Jennifer B. Lyday, Esq.
     WOMBLE CARLYLE SANDRIDGE & RICE, LLP
     One West Fourth Street
     Winston-Salem, NC 27101
     Tel: (336) 747-6631

                  About Shotwell Landfill, Inc.

Raleigh, North Carolina-based Shotwell Landfill, Inc., filed a
Chapter 11 petition (Bankr. E.D.N.C. Case No. 13-02590) in Wilson
on April 19, 2013.  Blake P. Barnard, Esq., William P. Janvier,
Esq., and Samantha Y. Moore, Esq., at the Janvier Law Firm, PLLC,
in Raleigh, N.C., represent the Debtor as counsel.  William W.
Pollock, Esq., at Ragsdale Liggett PLLC, in Raleigh, N.C.,
represents the Debtor as special counsel.

The Debtor, in its amended schedules, disclosed $23,235,236 in
assets and $10,049,020 in liabilities.

The Bankruptcy Administrator was unable to appoint an official
committee of unsecured creditors in the Debtor's case.


SHOTWELL LANDFILL: Gurkins Appointed as Restructuring Officer
-------------------------------------------------------------
Shotwell Landfill seeks for the appointment of Doug Gurkins as
restructuring officer. On April 19, 2013, debtor filed voluntary
petition pursuant to Chapter 11 of the Bankruptcy Code. Due to the
aggressive stance of LSCG Fund 18, LLC in forcing the debtor into
liquidation.  On October 31, 2013, LSCG filed an emergency motion
to appoint a trustee. On May 1, 2014, LSCG filed a restated
emergency motion to appoint a trustee.

By reason of the series of acts made by LSCG, the Debtor has spent
extraordinary amount of time, energy, and money addressing what
the Debtor believes an unfounded allegations. Thus, in order to
end the distraction caused by LSCG, the Debtor wishes to appoint a
court restructuring officer to take charge of the Debtors'
finances and to monitor the Debtor's environmental compliance.

The Debtor wants to appoint Mr. Gurkins as the court restructuring
officer and perform, among others, duties relative to the conduct
of prosecuting the business of the debtor.  The Debtor said its
request is for the best interest of the creditors and the estate.

The Debtor said Mr. Gurkins will be compensated at the rate of
$125 per hour plus expenses, which will include travel time.

A hearing was held on May 21, 2014 to determine the propriety of
the motion of debtor and objection of LSCG.

On June 13, 2014, Judge Stephani W. Humrickhouse, after
considering the merits of the motion and after finding that the
appointment of a court restructuring officer is to the best
interest of the debtor, creditors and the estate, appointed Mr.
Gurkins as court restructuring officer.

                  About Shotwell Landfill, Inc.

Raleigh, North Carolina-based Shotwell Landfill, Inc., filed a
Chapter 11 petition (Bankr. E.D.N.C. Case No. 13-02590) in Wilson
on April 19, 2013.  Blake P. Barnard, Esq., William P. Janvier,
Esq., and Samantha Y. Moore, Esq., at the Janvier Law Firm, PLLC,
in Raleigh, N.C., represent the Debtor as counsel.  William W.
Pollock, Esq., at Ragsdale Liggett PLLC, in Raleigh, N.C.,
represents the Debtor as special counsel.

The Debtor, in its amended schedules, disclosed $23,235,236 in
assets and $10,049,020 in liabilities.

The Bankruptcy Administrator was unable to appoint an official
committee of unsecured creditors in the Debtor's case.


SHOTWELL LANDFILL: Exclusivity Period Terminated
------------------------------------------------
Judge Stephani W. Humrickhouse has terminated the exclusivity/
acceptance period in which the affiliate debtors of Shotwell
Landfill Inc., may file a chapter 11 plan and disclosure
statement.

On April 19, 2013, Shotwell Landfill filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code. On April 25,
2013, the court ordered the Debtor to file plan and disclosure
statement with the deadline set on or before July 18, 2013.

On July 18, 2013, Shotwell filed a motion to extend time to file
its plan and disclosure statement. The court subsequently extended
the filing on or before August 19, 2013. On August 16, 2013,
Shotwell filed its chapter 11 plan and disclosure statement.

On September 12, 2013, Shotwell sought to extend the 180-day
exclusivity period for at least sixty days. On December 2, 2013,
the Debtor moved to extend the exclusivity period, which the Court
extended for Shotwell to and including February 20, 2014.

The related entity debtors, on December 6, 2013, filed a petition
for relief under Chapter 11. The related entity debtors constitute
essential parts of Shotwell's business operations. On January 22,
2014, the court ordered the consolidation of the bankruptcy cases
of Shotwell and the related entity debtors.

On February 3, 2014, the debtors filed their consolidated Chapter
11 plan and upon hearing on May 1, 2014, the court finds that the
disclosure statement is inadequate. The court gave the debtors
until May 16, 2014 to amend the disclosure statement.

Shotwell's exclusivity period expired on February 20, 2014 and the
related entity debtor's exclusivity period expired on June 4,
2014.

LSCG Fund 18, LLC, seeks to terminate the exclusivity period of
the related entity debtors, namely, Capitol Waste Transfer, LLC,
Capitol Recycling, LLC, Debris Removal Partners, LLC, Shotwell
Transfer Station II, Inc., King's Grading, Inc.  LSCG said the
business of the related entity debtors cannot operate without
Shotwell. Further, it is unlikely that within the remaining time
of the exclusivity period the related entity debtors can file a
confirmable plan.

In response to the motion to terminate, the Debtors assert that
the exclusivity period should not be terminated due to the size
and complexity of the case. The administratively consolidated
cases consist of six inter-related entities with more than
$15,000,000 in alleged secured debt and significant unsecured
creditors. In addition, the Debtors believe that it is their right
to file a plan until June 4, 2014.  The Debtors also noted that
they have been paying their bills as they become due so that there
is a reasonable prospect for filing a viable plan before the
court.

On June 13, 2014, the court, in order to allow concurrent
consideration of the plans, determined that the termination of
exclusivity for the affiliates is necessary.

                  About Shotwell Landfill, Inc.

Raleigh, North Carolina-based Shotwell Landfill, Inc., filed a
Chapter 11 petition (Bankr. E.D.N.C. Case No. 13-02590) in Wilson
on April 19, 2013.  Blake P. Barnard, Esq., William P. Janvier,
Esq., and Samantha Y. Moore, Esq., at the Janvier Law Firm, PLLC,
in Raleigh, N.C., represent the Debtor as counsel.  William W.
Pollock, Esq., at Ragsdale Liggett PLLC, in Raleigh, N.C.,
represents the Debtor as special counsel.

The Debtor, in its amended schedules, disclosed $23,235,236 in
assets and $10,049,020 in liabilities.

The Bankruptcy Administrator was unable to appoint an official
committee of unsecured creditors in the Debtor's case.


SOUND SHORE: Disclosure Statement Hearing Set for Sept. 16
----------------------------------------------------------
Sound Shore Medical Center of Westchester, et al., ask the U.S.
Bankruptcy Court for the Southern District of New York to find
that the disclosure statement explaining their Chapter 11 plan of
liquidation contains "adequate information" as defined in Section
1125(b) of the Bankruptcy Code.

The hearing to consider approval of the Disclosure Statement will
be held on Sept. 16, 2014, at 10:00 a.m.  Objections are due by
Sept. 11.

The Plan provides a means by which the proceeds of the liquidation
of the Debtor's assets will be distributed.  Holders of Allowed
Unsecured Claims, including Allowed Medical Malpractice/Personal
Injury Claims, will receive pro rata distributions of cash from
the net proceeds.  To recall, the closing of the sale of the
Debtors' assets was concluded in November of 2013.  Montefiore
Medical Center and certain of its affiliates agreed to buy the
Debtors' assets in the amount of $54 million, plus the appraised
value of furniture, equipment and inventory acquired by the buyer.

The majority of the liens were satisfied through the sale proceeds
at the closing of the sale.  Specifically, the Debtors paid
approximately $42.2 million to satisfy their secured claims.

The Debtors request that the Confirmation Hearing be scheduled for
Nov. 3, 2014, at 10:00 a.m. (prevailing Eastern time).  The
Debtors also ask that the Court fix the last date for filing
objections to confirmation of the Plan as seven business days
before the Confirmation Hearing.

A full-text copy of the Disclosure Statement dated Aug. 18, 2014,
is available at http://bankrupt.com/misc/SoundShoreds0818.pdf

               About Sound Shore Medical Center

Sound Shore Medical Center of Westchester, Mount Vernon Hospital
Inc., Howe Avenue Nursing Home and related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22840) on
May 29, 2013, in White Plains, New York.

The Debtors were the largest "safety net" providers for Southern
Westchester County in New York.  Affiliated with New York Medical
College, Sound Shore is a not-for-profit 242-bed, community based-
teaching hospital located in New Rochelle, New York.  Mountain
Vernon Hospital is a voluntary, not-for-profit 176-bed hospital
located in Mount Vernon, New York.  Howe Avenue Nursing Home is a
150-bed, comprehensive facility.

The Debtors tapped Burton S. Weston, Esq., at Garfunkel Wild, P.C.
as counsel; Alvarez & Marsal Healthcare Industry Group, LLC, as
financial advisors; and GCG Inc., as claims agent.

Alston & Bird LLP represents the Official Committee of Unsecured
Creditors.  Deloitte Financial Advisory Services LLP serves as the
Committee's as financial advisor.

Sound Shore disclosed assets of $159.6 million and liabilities
totaling $200 million.  Liabilities include a $16.2 million
revolving credit and a $5.8 million term loan with Midcap
Financial LLC.  There is $9 million in mortgages with Sun Life
Assurance Co. of Canada (US) and $11.5 million owing to the New
York State Dormitory Authority.

Neubert, Pepe & Monteith, P.C., represents Daniel T. McMurray, the
patient care ombudsman for Sound Shore.

The Debtors filed for bankruptcy to sell their assets, including
their hospital and nursing home operations, to the Montefiore
health system.  On Aug. 8, 2013, the Bankruptcy Court entered an
order, as affirmed and ratified by a Supplemental Sale Order
entered on Oct. 15, 2013, approving the sale to Montefiore New
Rochelle Hospital, Inc., Schaffer Extended Care Center, Inc.,
Montefiore Mount Vernon Hospital, Inc. and certain related
affiliates.

In June 2013, Montefiore added $4.75 million to its purchase offer
to speed up the sale.  Montefiore raised its bid to $58.75 million
plus furniture and equipment as part of a request for a private
sale of the hospitals.

On Nov. 6, 2013 at 12:01 a.m., the closing of the Sale occurred
and the sale became effective.

Montefiore is represented by Togut, Segal & Segal LLP.


SOUTHERN PACIFIC RESOURCE: DBRS Puts 'CCC' Rating Under Review
--------------------------------------------------------------
DBRS Inc. notes that Southern Pacific Resource Corp. (STP or the
Company; rated CCC with ratings Under Review with Negative
Implications) has announced the conclusion of its strategic review
process.  STP concluded that none of the proposals received were
acceptable and that the Company will continue with the development
of its existing assets.  DBRS notes that STP currently has limited
liquidity and minimal operating cash flows to support its
operations ($34 million of estimated working capital as of June
30, 2014). Uses of liquidity in the near term include
approximately $20 million of interest expense related to its
Senior Secured Second Lien Notes (the Notes) and its First Lien
Term Loan and capex aimed at increasing production rates at STP-
McKay.

The Company is expected to release its year-end financial
statements by the end of September 2014, at which time DBRS will
again review the ratings of STP and may resolve the Under Review
with Negative Implications status.  However, further material
deterioration in liquidity in the immediate future may result in a
negative rating action prior to the end of September 2014.  STP's
inability to raise additional liquidity may result in a negative
rating action, given STP's ongoing operational challenges and
limited access to the capital markets.

On December 12, 2013, DBRS downgraded the Issuer Rating of STP to
CCC and the ratings of the Notes to CCC (low).  DBRS also placed
all ratings Under Review with Negative Implications and changed
the recovery rating of the Notes to RR5 from RR4.  The rating
action at the time reflected the material change in the Company's
business risk profile following continued disappointing production
results and the limited liquidity available to support operations.


SWJ HOLDINGS: Connecticut Court Dismisses Chapter 11 Case
---------------------------------------------------------
Judge Alan H.W. Shiff of the U.S. Bankruptcy Court for the
District of Connecticut entered an order on Aug. 19, 2014,
dismissing the bankruptcy case of SWJ Holdings, LLC.

The move for case dismissal was brought by U.S. Trustee William K.
Harrington.  As previously reported in The Troubled Company
Reporter, in asserting his Motion, the U.S. Trustee contended that
SWJ Holdings, LLC, (i) failed to submit a list of their 20 largest
unsecured creditors, corporate ownership statement, and statement
of financial affairs; (ii) failed to appear at any of the four
Section 341 meetings with the creditors; and (iii) failed to file
Chapter 11 quarterly fees.  In addition, the U.S. Trustee related,
the Debtor's counsel Bruce Duke, Esq., has not filed any
appearance before the District of Connecticut.

               About SWJ Holdings and SWJ Management

SWJ Holdings, LLC, filed a Chapter 11 bankruptcy petition, Case
No. 14-10376, on Feb. 25, 2014, in the U.S. Bankruptcy Court for
the District of Delaware, estimating $10 million to $50 million in
assets and less than $10 million in liabilities.  On March 3,
2014, related entity SWJ Management, LLC, followed and filed for
Chapter 11 protection, Case No. 14-10460, also in Delaware,
estimating $10 million to $50 million in assets and $1 million
to $10 million in liabilities.

The Debtors' cases have since been transferred to the U.S.
Bankruptcy Court for the District of Connecticut.

Bruce Duke, Esq., in Mount Laurel, New Jersey, serves as counsel
to the Debtors.

The petitions were signed by Richard Annunziata as managing
member.


TECHPRECISION CORP: Amends Fiscal 2014 Form 10-K
------------------------------------------------
TechPrecision Corporation had amended its annual report on Form
10-K for the fiscal year ended March 31, 2014, to supplement Item
10 and amend and restate Items 11 through 14 to include the
information intended to be incorporated therein by reference to
the Company's definitive proxy statement with respect to its
Annual Meeting of Shareholders for 2014.  The remainder of the
Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2014, filed with the Securities and Exchange Commission
on July 15, 2014, remains unchanged.  A full-text copy of the Form
10-K/A is available for free at http://is.gd/GM2tRJ

                        About TechPrecision

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

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

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

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


TARGETED MEDICAL: Incurs $423,000 Net Loss in Second Quarter
------------------------------------------------------------
Targeted Medical Pharma, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $423,218 on $2.22 million of total revenue for the
three months ended June 30, 2014, compared to a net loss of $7.84
million on $1.91 million of total revenue for the same period last
year.

Net loss for the six months ended June 30, 2014, was $1.39 million
on $4.02 million of total revenue compared to a net loss of $8.11
million on $4.72 million of total revenue for the same period in
2013.

As of June 30, 2014, the Company had $3.82 million in total
assets, $11.75 million in total liabilities and a $7.93 million
total stockholders' deficit.

A full-text copy of the Form Quarterly Report is available for
free at http://is.gd/ptsmAM

                      About Targeted Medical

Los Angeles, Calif.-based Targeted Medical Pharma, Inc., is a
specialty pharmaceutical company that develops and commercializes
nutrient- and pharmaceutical-based therapeutic systems.

Targeted Medical reported a net loss of $9.33 million on $9.55
million of total revenue for the year ended Dec. 31, 2013, as
compared with a net loss of $9.58 million on $7.29 million of
total revenue in 2012.

Marcum LLP, in Irvine, CA, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2013.  The independent auditors noted that the Company
has incurred significant net losses since its inception, and has
an accumulated deficit of $23,022,407 as of Dec. 31, 2013, and
incurred a net loss of $9,337,618 and negative cash flows from
operations of $2,046,586 for the year ended Dec. 31, 2013.


TELKONET INC: Posts $183,000 Net Income in Second Quarter
---------------------------------------------------------
Telkonet, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to common stockholders of $183,122 on $4.35 million
of total net revenue for the three months ended June 30, 2014,
compared with a net loss attributable to common stockholders of
$749,499 on $3.59 million of total net revenue for the same period
in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss attributable to common stockholders of $630,847 on $6.98
million of total net revenue compared to a net loss attributable
to common stockholders of $1.33 million on $6.72 million of total
net revenue for the same period during the prior year.

The Company's balance sheet at June 30, 2014, showed
$10.75 million in total assets, $5.60 million in total
liabilities, $1.23 million in redeemable common stock, and $3.91
million of stockholders' equity.

Commenting on the second quarter 2014 financial results, Jason
Tienor, Telkonet's CEO stated, "We are encouraged with our
positive performance which continues to track in accordance with
our strategic growth plans.  Increasing demand for our EcoSmart
energy management platform drove overall growth in total revenues
by 21% in the second quarter.  Beyond our top line, we excelled in
all key financial and operational performance measures.  This
progress is a clear indication of the heightened recognition for
our exceptional cloud-based energy efficiency solutions and that
our profitable growth strategies are being successfully
implemented."

Mr. Tienor continued, "Our prior year marketing and sales
investments and sales traction in the first quarter of this year
have driven our continued strength and pipeline activity.  From a
strategic perspective, we believe our team is executing on planned
initiatives intended to broaden our markets and bolster our sales
through expanded use of channel partners and deeper secondary
market penetration.  Both primary and secondary markets are
favorably responding to our suite of products which offer a unique
value proposition for efficient energy consumption, return on
investment, and user comfort and convenience."

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

                        http://is.gd/e9QCO0

                           About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc., is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

Telkonet reported a net loss attributable to common stockholders
of $4.90 million on $13.88 million of total net revenues for the
year ended Dec. 31, 2013, as compared with a net loss attributable
to common stockholders of $507,558 on $12.75 million of total net
revenues in 2012.

BDO USA, LLP, in Milwaukee, Wisconsin, 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 a history of losses from operations, a working
capital deficiency, and an accumulated deficit of $121,948,847
that raise substantial doubt about its ability to continue as a
going concern.


TEXAS LEADERSHIP: S&P Lowers Rating on Revenue Bonds to 'BB'
------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'BB' from 'BB+' on Tom Green County Cultural Education Facilities
Finance Corp., Texas' tax-exempt series 2013Q (direct pay
qualified school construction bonds, or QSCBs), tax-exempt series
2013A, and taxable 2013B education revenue bonds, both issued on
behalf of the Texas Leadership Charter Academy (TLCA).  The
outlook is stable.

"The 'BB' rating reflects our view of TLCA's rapid and prolific
growth from a charter school of 632 students and one campus in the
2009-2010 school year to 1,737 students and three campuses for the
2014 school year, with another campus in Abilene, Texas, projected
to open in fall 2015," said Standard & Poor's credit analyst
Phillip Pena.  "The rating also reflects the risks, operational
and managerial, associated with such expansion, as well as a level
of cash more commensurate with Standard & Poor's 'BB' medians,"
added Mr. Pena.

The rating also reflects S&P's opinion of the inherent uncertainty
associated with all charter schools, including the need to renew
the charter during the life of the bonds; potential changes in
per-pupil state, federal, and local funding; the competition for
and maintenance of student enrollment at a level sufficient to
support debt service; and the requirement of TLCA to meet
liquidity and debt service covenants as of the end of the fiscal
2015 year.

The series 2013 bond proceeds were used to purchase and renovate a
new academic building on TLCA's new Midland campus, to renovate
and improve existing facilities in San Angelo, and to cash fund a
debt service reserve fund equal to maximum annual debt service.


TRULAND SYSTEMS: Sept. 5 Bidding Deadline Set for Vehicles
----------------------------------------------------------
The liquidation of assets owned by bankrupt electrical contractor
Truland Systems is under way with the first online auction of
trucks, trailers, vans, bucket trucks and other vehicles.  Online
bidding began Aug. 23 for 37 of the vehicles, with more auctions
planned in the coming weeks, according to Stephen Karbelk, of
Auction Markets LLC and David Fiegel of Blackbird Asset Services,
LLC, who are selling the assets for the estate.

But first, the auction company faces the challenge of getting
possession of more than half of the vehicles, according to
Mr. Karbelk.

"Truland had more than 250 active construction projects at the
time of their filing, and approximately 300 vehicles were
allocated to those projects and assigned to various offices and
employees.  With the employees now terminated, there was no
provision for turning these vehicles in, so we have to locate them
and prepare them for auction," said Mr. Karbelk.  "We'll be
selling vehicles in groups as we recover them and are able to get
them ready for sale," he said.

Mr. Karbelk said they are contacting former employees to locate
and recover vehicles.  "We don't anticipate major problems, but
it's a significant administrative task with so many vehicles.  We
expect that everyone will cooperate. After all, the company's
creditors include employees, contractors and others, so recovering
and selling these vehicles will help get them paid," he said.

Bidding on the first group of vehicles is scheduled to end on
Friday, Sept. 5, at 3:00 p.m. Eastern (subject to a court hearing
to approve this and future sales, which will be held three days
earlier on September 2).  Individuals seeking to bid may view the
inventory, register and bid online at auctionmarkets.com.

Vehicles in this first sale include vans, trucks and bucket
trucks.  "We have quite a few Chevy G3500 vans, several Silverado
pickups, some Chevy Colorado pickups and various other pieces,
most of which are 2008 models or newer," said Mr. Karbelk.

"A bankruptcy like Truland is so unfortunate to those affected,
and our group is focused on helping the estate recover as much as
possible for creditors," he said.

Prior to filing bankruptcy on July 23, the Reston-based Truland
Group of companies was one of the largest electrical contractors
in the United States.  At the time of their filing, they were
working on high-profile construction projects such as buildings
for Marriott, NASA and George Washington University.

Individuals seeking additional information on the auction sales
may visit http://www.auctionmarkets.com/or e-mail
info@auctionmarkets.com


TRANS ENERGY: Reports $10.9 Million Net Loss in Second Quarter
--------------------------------------------------------------
Trans Energy, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $10.95 million on $8.45 million of total operating revenues for
the three months ended June 30, 2014, compared to a net loss of
$2.61 million on $4.67 million of total operating revenues for the
same period in 2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $12.47 million on $18.23 million of total operating
revenues compared to a net loss of $5.31 million on $8.28 million
of total operating revenues for the six months ended June 30,
2013.

The Company's balance sheet at June 30, 2014, showed $93.78
million in total assets, $113.79 million in total liabilities, and
a $20 million total stockholders' deficit.

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

                         http://is.gd/mvloio

                          About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $17.7 million in 2013
following a net loss of $21.2 million in 2012.


TRANS-LUX CORP: Had $2.5MM Q2 Loss, Doubts Going Concern Status
---------------------------------------------------------------
Trans-Lux Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $2.50 million on $5.90 million of total revenues for the
three months ended June 30, 2014, compared with a net loss of
$723,000 on $4.78 million of total revenues for the same period in
2013.

For the six months ended June 30, 2014, the Company reported a net
loss of $2.66 million on $12.36 million of total revenues compared
to a net loss of $1.02 million on $8.88 million of total revenues
for the same period last year.

As of June 30, 2014, the Company had $18.54 million in total
assets, $16.47 million in total liabilities and $2.07 million in
total stockholders' equity.

"In light of the unprecedented instability in the financial
markets and the severe slowdown in the overall economy, we do not
have adequate liquidity, including access to the debt and equity
capital markets, to operate our business in the manner in which we
have historically operated.  As a result, our short-term business
focus has been to preserve our liquidity position.  Unless we are
successful in obtaining additional liquidity, we believe that we
will not have sufficient cash and liquid assets to fund normal
operations for the next 12 months," the Company stated in the
Report.

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

                       http://is.gd/PZlOvz

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation reported a net loss of $1.86 million on
$20.90 million of total revenues for the year ended Dec. 31, 2013,
as compared with a net loss of $1.36 million on $23.02 million of
total revenues in 2012.

BDO USA, LLP, in Melville, NY, 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 suffered recurring losses from operations and has
a significant working capital deficiency that raise substantial
doubt about its ability to continue as a going concern.  Further,
the Company is in default of the indenture agreements governing
its outstanding 9 1/2 Subordinated debentures which was due in
2012 and its 8 1/4 percent Limited convertible senior subordinated
notes which was due in 2012 so that the trustees or holders of 25
percent of the outstanding Debentures and Notes have the right to
demand payment immediately.  Additionally, the Company has a
significant amount due to their pension plan over the next 12
months.


UNITED AMERICAN: Delays Second Quarter Form 10-Q
------------------------------------------------
United American Healthcare Corp. filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form 12b-
25 with respect to its quarterly report on Form 10-Q for the
period ended June 30, 2014.  The Company said it is not in a
position to file the Quarterly Report with the SEC because the
Company cannot complete the Form 10-Q in a timely manner without
unreasonable effort or expense.  Based on work completed to date,
the Company expects to file the Form 10-Q on or before Aug. 19,
2014.

                       About United American

Chicago-based United American Healthcare, through its wholly owned
subsidiary Pulse Systems, LLC, provides contract manufacturing
services to the medical device industry, with a focus on precision
laser-cutting capabilities and the processing of thin-wall tubular
metal components, sub-assemblies and implants, primarily in the
cardiovascular market.

The Company disclosed a net loss of $769,000 on $3.23 million of
contract manufacturing revenue for the six months ended Dec. 31,
2013, as compared with net income of $82,000 on $3.83 million of
contract manufacturing revenue for the same period in 2012.

Bravos & Associates, CPA's, in Bloomingdale, Illinois, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2013.  The independent
auditors noted that the Company's liabilities and working capital
raise substantial doubt about its ability to continue as a going
concern.

The Company's balance sheet at March 31, 2014, showed $14.95
million in total assets, $13.11 million in total liabilities and
$1.84 million in total shareholders' equity.


VERMILLION INC: Incurs $5.6 Million Net Loss in Second Quarter
--------------------------------------------------------------
Vermillion, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $5.55 million on $324,000 of total revenue for the three months
ended June 30, 2014, compared to a net loss of $2.11 million on
$323,000 of total revenue for the same period last year.

Net loss for the six months ended June 30, 2014, was $9.54 million
on $629,000 of total revenue compared to a net loss of $4.68
million on $651,000 of total revenue for the same period in 2013.

As of June 30, 2014, the Company had $23.51 million in total
assets, $5.76 million in total liabilities and $17.74 million in
total stockholders' equity.

"There can be no assurance that the Company will achieve or
sustain profitability or positive cash flow from operations.
However, management believes that the current working capital
position will be sufficient to meet the Company's working capital
needs for at least the next 12 months.  Management expects cash
from OVA1 sales to be the Company's only material, recurring
source of cash in 2014," the Company said in the Report.

"In Q2, we reached major milestones on our OVA1 commercialization
strategy," said James LaFrance, Vermillion's chairman, president
and CEO.  "We opened ASPiRA LABS, our own national CLIA certified
clinical laboratory for diagnostic processing based near Austin,
Texas.

"We also significantly expanded our field sales team in April of
this year.  We typically see positive results three to six months
after adding sales staff.  Thus, we expect to see improved test
volumes in the second half of the year."

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

                        http://is.gd/FmqZQS

                         About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Vermillion's legal advisor in connection with
its successful reorganization efforts wass Paul, Hastings,
Janofsky & Walker LLP.  Vermillion emerged from bankruptcy in
January 2010.  The Plan called for the Company to pay all claims
in full and equity holders to retain control of the Company.

Vermillion incurred a net loss of $8.81 million in 2013, a net
loss of $7.14 million in 2012 and a net loss of $17.79 million in
2011.


VERTICAL COMPUTER: Delays Form 10-Q for Second Quarter
------------------------------------------------------
Vertical Computer Systems, Inc., filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form 12b-
25 with respect to its quarterly report on Form 10-Q for period
ended June 30, 2014.  The Company said it has experienced delays
in resolving issues material to the Company's financial
statements.  Accordingly, the Company was unable to file its Form
10-Q on or before the prescribed filing date.  The Company expects
to file the Form 10-Q within five days after the prescribed filing
date.

The Company disclosed that revenue increased by approximately $1.5
million and $2.2 million over prior year for the three and six
months ending June 30, 2014, respectively.  The increase in
revenue is primarily due to licensing of the Company's SiteFlashTM
technology.  Total operating expenses increased approximately $1.1
million and $1.7 million over prior year for the three and six
months ending June 30, 2014, respectively.  The increase in total
operating expenses is primarily due to legal expenses, royalties
and taxes related to licensing of our SiteFlashTM technology.

                      About Vertical Computer

Richardson, Tex.-based Vertical Computer Systems, Inc., is a
multinational provider of Internet core technologies, application
software, and software services through its distribution network
with operations or sales in the United States, Canada and Brazil.

Vertical Computer reported a net loss applicable to common
stockholders of $3.08 million in 2013 following a net loss
applicable to common stockholders of $2.07 million in 2012.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company suffered net losses and has a working capital deficiency,
which raises substantial doubt about its ability to continue as a
going concern.


VUZIX CORP: Posts $239,000 Net Income in Second Quarter
-------------------------------------------------------
Vuzix Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $239,110 on $723,258 of total sales for the three months ended
June 30, 2014, compared to a net loss of $1.65 million on $700,195
of total sales for the same period in 2013.

Net income for the six months ended June 30, 2014, was
$1.75 million on $1.52 million of total sales compared with a net
loss of $2.59 million on $1.43 million of total sales for the same
period last year.

The Company's balance sheet at June 30, 2014, showed $4.84 million
in total assets, $13.31 million in total liabilities, and a
$8.47 million stockholders' deficit.

"Our independent auditors issued a going concern paragraph in
their report for the years ended December 31, 2013 and 2012.  The
accompanying condensed consolidated financial statements have been
prepared assuming that we will continue as a going concern.  This
basis of accounting contemplates the recovery of our assets and
the satisfaction of liabilities in the normal course of business.
These condensed consolidated financial statements do not include
any adjustments to the specific amounts and classifications of
assets and liabilities, which might be necessary should we be
unable to continue as a going concern.  As a result of our current
level of funding and ongoing losses from operations, substantial
doubt exists about our ability to continue as a going concern,"
the Company stated in the Report.

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

                        http://is.gd/PfJXf4

                      About Vuzix Corporation

Vuzix -- http://www.vuzix.com-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.


WEB.COM GROUP: Moody's Hikes 1st Lien Debt Rating to 'Ba1'
----------------------------------------------------------
Moody's Investors Service upgraded Web.com Group Inc's first lien
senior secured credit facility ratings to Ba2 from Ba3 and
maintained the company's positive ratings outlook. Additionally,
Moody's affirmed the company's B1 corporate family rating ("CFR"),
B1-PD probability of default rating ("PDR") and SGL-2 speculative
grade liquidity rating. The company's first lien senior secured
credit facility consists of a $70 million revolving credit
facility due 2016 and a $305 million (outstanding) term loan due
2017. The upgrade of the instrument level ratings is in accordance
with Moody's Loss Given Default ("LGD") methodology and was
prompted by a shift in the mix of secured and unsecured debt in
Web.com's capital structure.

The first lien senior secured debt ratings upgrade reflects
improved recovery prospects for the first lien debt as it
represents a smaller percentage of the company's overall capital
structure relative to Q3 2013 (when the $259 million unrated
convertible notes were issued). Following the convertible notes
transaction and during the 9 month period ended June 30, 2014 the
company repaid approximately $74 million (net) of debt under the
first lien secured credit facility. The rating upgrade
incorporates the improved support provided by the junior
convertible notes to the lower amount of outstanding first lien
debt.

The positive outlook reflects Moody's expectations that Web.com's
free cash flow will remain relatively strong despite the company's
recent downward revision of fiscal year 2014 revenue and free cash
flow guidance. The positive outlook anticipates further
improvement in the company's credit metrics through continued
application of free cash flow proceeds towards debt reduction. The
affirmation of the B1 CFR reflects year over year improvement in
the company's operating and financial results, which along with
the debt repayments, have resulted in a stronger credit profile.

Issuer: Web.com Group, inc.

Ratings affirmed:

Corporate Family Rating at B1

Probability of Default Rating at B1-PD

Speculative Grade Liquidity Rating at SGL-2

Ratings upgraded:

$70 million 1st Lien Senior Secured Revolving Credit Facility
due 2016 to Ba2 (LGD2) from Ba3 (LGD3)

$305 million 1st Lien Senior Secured Term Loan due 2017 to Ba2
(LGD2) from Ba3 (LGD3)

The rating outlook is positive.

Ratings Rationale

Web.com's B1 CFR reflects the company's strong competitive
position as a provider of domain name registration and value added
internet services to small and medium businesses, its enhanced
scale and customer base (built through consolidation over the past
few years), as well as its strong free cash flow relative to debt.
The rating is further supported by the company's demonstrated
ability and track record of applying free cash flow to reduce debt
following leveraging events as well as management's good business
execution, evidenced by stable subscriber retention rates and
sequential increases in average revenue per user ("ARPU") and
subscribers since the Network Solutions acquisition in Q4 2011.
The company's credit profile benefits from good organic revenue
growth prospects resulting from management's strategy of up-
selling and cross-selling higher priced value added services to
its customer segments.

However, the B1 rating remains constrained by the company's high
financial leverage (about 4.0 times as of June 30, 2014 on a
Moody's adjusted basis) in the context of a still moderate revenue
base and a highly competitive market for providing web services to
small and medium size businesses, which is characterized by low
barriers to entry, modest pricing power for basic products, and
low attach rates for add-on services that result in low ARPU. The
B1 rating also incorporates Web.com's track record of acquisitive
growth and high financial risk tolerance to complete acquisitions.

The SGL-2 speculative grade liquidity ("SGL") rating reflects
Web.com's good free cash flow generation capabilities and access
to borrowings under its $70 million revolving credit facility.

Moody's could upgrade Web.com's ratings if the company generates
sustained growth in revenue and cash flow from operations and
demonstrates a commitment to conservative financial policies.
Web.com's ratings could be raised if Moody's believes that the
company will be able to maintain EBITDA margins in the high 20%
range (including Moody's standard adjustments and fair value
adjustments to deferred revenue) and sustain financial leverage of
less than 3.5 times total debt to EBITDA (Moody's adjusted;
including fair value adjustments to deferred revenue), after
incorporating the potential for acquisitions.

Conversely, Moody's could change the positive outlook to stable or
downgrade Web.com's ratings if revenue growth decelerates
materially, business execution weakens or increased competitive
challenges cause leverage to exceed 4.5 times (Moody's adjusted)
and/or free cash flow deteriorates to the low single digit
percentages of total debt. Additionally, changes in financial
policies that result in weakening of the balance sheet could
trigger a downgrade.

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

Headquartered in Jacksonville, FL, Web.com Group, Inc. ("Web.com")
provides internet domain name registration as well as value added
internet services such as building custom websites and online
marketing to small and medium size businesses ("SMBs").


WKI HOLDING: S&P Affirms 'B' CCR & Revises Outlook to Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its corporate credit
rating on Rosemont, Ill.-based WKI Holding Co. Inc. (World
Kitchen) at 'B', and revised the outlook to negative from stable.

At the same time, S&P affirmed its issue-level rating on the $342
million senior secured facility, which includes a $90 million
revolving credit facility due 2018 and a $252 million term loan
due 2019, at 'B'.  The recovery rating remains '3', indicating
S&P's expectation for meaningful (50%-70%) recovery of principal
in the event of default.

"The negative outlook reflects our expectation that covenant
cushion could remain well below 15% in the second and third fiscal
quarters of this year and next if adjusted EBITDA does not improve
from current levels," said Standard & Poor's credit analyst
Stephanie Harter.

The ratings on World Kitchen reflect, in part, Standard & Poor's
estimate that covenant cushion on the total leverage covenant is
less than 10% for the 12 months ended June 29, 2014.  S&P also
estimates adjusted total debt to EBITDA of about 5x, which is
slightly improved from the prior-year period.  Similarly, the
ratio of funds from operations (FFO) to total debt remained near
11%.  These factors support S&P's view of the company's financial
risk profile as "highly leveraged."  S&P expects the company to
improve its credit metrics through a combination of payments on
the revolving credit facility before fiscal year-end 2014 and
improved adjusted EBITDA margin.  However, the next scheduled
covenant step-down in Dec. 2014 could result in covenant cushion
below 15% in the second and third quarters of fiscal 2015 if
performance does not improve as expected.  Moreover, the company
faces another covenant step-down in Dec. 2015.

World Kitchen, with approximately $630 million of total sales for
the 12 months ended June 29, 2014, is one of the leading companies
in the highly fragmented kitchenware industry, particularly in the
niche dishware, glassware, and bakeware categories.  World Kitchen
sells products under brands such as Corelle, Pyrex, Corningware,
Snapware, and Baker's Secret.  Corelle and Pyrex account for about
60% of 2013 sales.  The company competes against segments of
larger players (such as Newell Rubbermaid Inc. and KitchenAid [a
division of Whirlpool Corp.]) and it is S&P's opinion that
barriers to market entry are low in some non-glassware categories,
which could lead to ongoing pressure from private label entrants.
S&P believes the company's narrow product focus leaves it
vulnerable to changes in consumer tastes as well as the overall
economy's performance.  These factors support S&P's business risk
assessment of "vulnerable."  However, S&P believes that World
Kitchen's products have exhibited strong demand, especially in the
company's fiscal fourth quarter.


WORLD SURVEILLANCE: Delays Second Quarter Form 10-Q for Review
--------------------------------------------------------------
World Surveillance Group Inc. filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the period
ended June 30, 2014.  The Company requires additional time for the
auditors to complete their review of the Company's financial
statements.

                     About World Surveillance

World Surveillance Group Inc. designs, develops, markets and sells
autonomous lighter-than-air (LTA) unmanned aerial vehicles (UAVs)
capable of carrying payloads that provide persistent security
and/or wireless communication from air to ground solutions at low,
mid and high altitudes.  The Company's airships, when integrated
with electronics systems and other high technology payloads, are
designed for use by government-related and commercial entities
that require real-time intelligence, surveillance and
reconnaissance or communications support for military, homeland
defense, border control, drug interdiction, natural disaster
relief and maritime missions.  The Company is headquartered at the
Kennedy Space Center, in Florida.

World Surveillance reported a net loss of $3.41 million on
$558,574 of net revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $3.36 million on $272,201 of net
revenues for the year ended Dec. 31, 2012.  The Company's balance
sheet at March 31, 2014, showed $3.49 million in total assets,
$17.33 million in total liabilities, all current, and a $13.84
million total stockholders' deficit.

Rosen Seymour Shapss Martin & Company 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 experienced significant losses
and negative cash flows, resulting in decreased capital and
increased accumulated deficits.  These conditions raise
substantial doubt about its ability to continue as a going
concern.

                         Bankruptcy Warning

"Our indebtedness at December 31, 2013 was $16,958,374.  A portion
of such indebtedness reflects judicial judgments against us that
could result in liens being placed on our bank accounts or assets.
We are continuing to review our ability to reduce this debt level
due to the age and/or settlement of certain payables but we may
not be able to do so.  This level of indebtedness could, among
other things:

   * make it difficult for us to make payments on this debt and
     other obligations;

   * make it difficult for us to obtain future financing;

   * require us to redirect significant amounts of cash from
     operations to servicing the debt;

   * require us to take measures such as the reduction in scale of
     our operations that might hurt our future performance in
     order to satisfy our debt obligations; and

   * make us more vulnerable to bankruptcy or an unwanted
     acquisition on terms unsatisfactory to us," the Company said
     in the Annual Report for the year ended Dec. 31, 2013.


WORLEY BROTHERS: Balks at Bid to Appoint Independent Examiner
-------------------------------------------------------------
Lisa Gordon, writing for American Metal Market's AMM.com, reports
that metal recycler Worley Brothers Scrap Iron & Metal Inc., is
objecting to a creditor's request to appoint an independent
examiner.

Memphis, Tenn.-based Worley Brothers Scrap Iron & Metal, Inc. --
aw B&B Recyled Auto Parts; aw Worley Enterprises; aw Complete Auto
Parts; aw Southside Auto Parts; and aw Worley Auto Parts -- filed
for Chapter 11 bankruptcy (Bankr. W.D. Tenn. Case No. 14-26318) on
June 20, 2014.

Bankruptcy Judge Paulette J. Delk presides over the case.  Steven
N. Douglass, Esq., at Harris Shelton Hanover Walsh, PLLC, serves
as counsel to the Debtor.

In its petition, the Debtor estimated under $50,000 in assets and
liabilities of $1 million to $10 million.

The petition was signed by Johnny Worley, authorized individual.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/tnwb14-26318.pdf


ZOGENIX INC: Armistice Capital Holds 5.9% Equity Stake
------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Armistice Capital, LLC, Armistice Capital Master Fund
Ltd., and Steven Boyd disclosed that as of Aug. 15, 2014, they
beneficially owned 8,300,000 shares of common stock of Zogenix,
Inc., representing 5.9 percent of the shares outstanding.  A copy
of the regulatory filing is available at http://is.gd/rCqOPa

                         About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Zogenix reported a net loss of $80.85 million in 2013, as compared
with a net loss of $47.38 million in 2012.

The Company's balance sheet at June 30, 2014, the Company had
$133.29 million in total assets, $64.98 million in total
liabilities and $68.31 million in total stockholders' equity.

Ernst & Young LLP, in San Diego, 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's recurring losses from operations and lack of
sufficient working capital raise substantial doubt about its
ability to continue as a going concern.


* Goldman, Deutsche Escape $2.1-Bil. Guaranty Bank MBS Suit
-----------------------------------------------------------
Law360 reported that Goldman Sachs & Co., Deutsche Bank Securities
Inc. and several other banks dodged the remnants of a lawsuit
brought in Texas federal court by the Federal Deposit Insurance
Corp. on behalf of defunct Guaranty Bank, which alleged it paid
$2.1 billion to acquire 20 shoddy mortgage-backed securities from
the banks.  According to the report, in two separate cases,
District Judge Sam Sparks granted summary judgment in favor of
Goldman Sachs, Deutsche Bank, Merrill Lynch Pierce Fenner & Smith
Inc. and RBS Securities Inc.

The case is Federal Deposit Insurance Corporation as receiver for
Guaranty Bank v. Merrill Lynch Pierce Fenner & Smith, Inc. et al.,
Case No. 1:14-cv-00126 (W.D. Tex.).


* Otterbourg's Cyganowski Named to GM Ignition Switch Committee
---------------------------------------------------------------
Otterbourg P.C. on Aug. 25 disclosed that U.S District Judge Jesse
Furman has appointed Otterbourg's Melanie Cyganowski to the
plaintiffs' Executive Committee that will assist lead counsel in
key aspects of the General Motors ignition switch litigation
pending in the U.S. District Court for the Southern District of
New York. Judge Furman, who is overseeing more than 100 cases
against G.M., appointed Ms. Cyganowski on Aug. 15 among other
leadership appointments related to the litigation.

"I am certain that our firm will add substantial value to the
plaintiffs' litigation team, which will benefit from Melanie's
expertise and wise counsel just as our clients do every day."

Ms. Cyganowski chairs Otterbourg's Insolvency Litigation Services,
ADR and Fiduciary Appointments Practice.  She formerly served as
the chief bankruptcy judge for the Eastern District of New York.

"We are pleased that Melanie has such an exceptional reputation in
the bankruptcy field that she received this appointment," said
Daniel Wallen, Otterbourg's chairman.  "I am certain that our firm
will add substantial value to the plaintiffs' litigation team,
which will benefit from Melanie's expertise and wise counsel just
as our clients do every day."

The Executive Committee will work with lead plaintiffs' counsel
and liaison counsel on various substantive aspects of the
litigation, including bankruptcy law, as well as case management
issues to ensure that the massive and complex litigation proceeds
efficiently through the judicial process.

At Otterbourg, Ms. Cyganowski serves as a mediator, arbitrator,
commercial and bankruptcy law litigator and expert witness. She
also serves as a fiduciary (examiner, trustee, receiver, referee,
monitor or special master) in bankruptcy and civil litigation.

                     About Otterbourg P.C.

Otterbourg P.C. offers clients a unique combination of legal
insight and practical solutions and is known for its integrity,
stability and business knowledge.  The firm regularly represents
clients in matters of national and international scope, including
institutional lenders and creditors such as banks, asset-based
lenders, hedge funds and private equity firms.  The firm's
practice includes domestic and cross-border financings, litigation
and alternative dispute resolutions, mergers and acquisitions and
other corporate transactions, real estate, restructuring and
bankruptcy proceedings, and trusts and estates.


* Credit Raters to Face New Conflict Curbs Under SEC Rules
----------------------------------------------------------
Dave Michaels, writing for Bloomberg News, reported that credit-
rating firms, whose lapses played a central role in the 2008
financial crisis, will face new restrictions on conflicts of
interest under rules set to be adopted by the U.S. Securities and
Exchange Commission.  According to the report, firms including
Moody's Investors Service and McGraw Hill Financial Inc.'s
Standard & Poor's would have to ensure they follow internal
methodologies when grading debt and revising ratings under rules
commissioners will vote on at a meeting in Washington.  They will
also have to disclose more about the accuracy of ratings,
including a common way of presenting rates of defaults and
downgrades for bonds backed by loans for homes and commercial
buildings, the report related.


* Fed Urged to Ensure Emergency Lending Rules Bar Bailouts
----------------------------------------------------------
Cheyenne Hopkins, writing for Bloomberg News, reported that a
bipartisan group of lawmakers sent a letter asking the Federal
Reserve to clarify its emergency lending authority rules to
foreclose the possibility of "backdoor bailouts" in a future
financial crisis.  According to the report, the central bank's
proposed rules for emergency lending place "no meaningful
restrictions" on its lending powers in a time of crisis, inviting
the prospect of assistance similar to that provided five years
ago, 15 Senate and House members wrote in the letter to Federal
Reserve Chair Janet Yellen.


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

In re The Oliver Family Trust UDT June 3, 1992
   Bankr. C.D. Cal. Case No. 14-11797
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/cacb14-11797.pdf
         Filed Pro Se

In re Leslie B. Rand-Luby
   Bankr. C.D. Cal. Case No. 14-15071
      Chapter 11 Petition filed August 19, 2014

In re Frydoun Sheikhpour
   Bankr. C.D. Cal. Case No. 14-25916
      Chapter 11 Petition filed August 19, 2014

In re Helen Kotinopoulos
   Bankr. C.D. Cal. Case No. 14-25963
      Chapter 11 Petition filed August 19, 2014

In re Ernest Glynn Roden and Helen Folden Roden
   Bankr. C.D. Cal. Case No. 14-31515
      Chapter 11 Petition filed August 19, 2014

In re D.A.Y. Investments, LLC
   Bankr. N.D. Ill. Case No. 14-30508
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/ilnb14-30508.pdf
         Filed Pro Se

In re Andy's Truck And Equipment Company
   Bankr. N.D. Ill. Case No. 14-30509
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/ilnb14-30509.pdf
         Filed Pro Se

In re Gold Coast Rand Development Company
   Bankr. N.D. Ill. Case No. 14-30514
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/ilnb14-30514.pdf
         Filed Pro Se

In re 840 Broadway, LLC
   Bankr. N.D. Ill. Case No. 14-30515
     Chapter 11 Petition filed August 19, 2014
         Filed Pro Se

In re Surplus Management Systems, LLC
   Bankr. N.D. Ill. Case No. 14-30516
     Chapter 11 Petition filed August 19, 2014
         Filed Pro Se

In re Gary II, LLC
   Bankr. N.D. Ill. Case No. 14-30518
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/ilnb14-30518.pdf
         Filed Pro Se

In re Andrew L. Young
   Bankr. N.D. Ill. Case No. 14-30522
      Chapter 11 Petition filed August 19, 2014

In re Speed Technologies, LLC
   Bankr. D. Nev. Case No. 14-51413
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/nvb14-51413.pdf
         represented by: Michael Lehners, Esq.
                         E-mail: michaellehners@yahoo.com

In re Arthur Kill Realty, LLC
   Bankr. E.D.N.Y. Case No. 14-44236
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/nyeb14-44236.pdf
         represented by: Michael F. Kanzer, Esq.
                         MICHAEL F KANZER & ASSOCIATES, P.C.
                         E-mail: kanzerlaw@yahoo.com

In re James Harrington Bost, Jr.
   Bankr. E.D.N.C. Case No. 14-04769
      Chapter 11 Petition filed August 19, 2014

In re Allegheny Woodworks, LLC
   Bankr. S.D. W.Va. Case No. 14-50206
     Chapter 11 Petition filed August 19, 2014
         See http://bankrupt.com/misc/wvsb14-50206.pdf
         represented by: George L. Lemon, Esq.
                         LEMON LAW OFFICE
                         E-mail: georgelemon@frontier.com

In re Rick Labistre and Josephine Labistre
   Bankr. D. Ariz. Case No. 14-12868
      Chapter 11 Petition filed August 20, 2014

In re BKG, LLC
   Bankr. W.D. Ark. Case No. 14-72473
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/arwb14-72473.pdf
         represented by: Carl W. Hopkins, Esq.
                         HOPKINS & HOLMES, PLLC
                         E-mail: cwhopkinslaw@msn.com

In re Walter Darrel Haggard and Sandra Kay Haggard
   Bankr. D. Ariz. Case No. 14-12885
      Chapter 11 Petition filed August 20, 2014

In re Gene E. Schwartz
   Bankr. C.D. Cal. Case No. 14-26005
      Chapter 11 Petition filed August 20, 2014

In re Lidia Enelda Recinos
   Bankr. C.D. Cal. Case No. 14-26046
      Chapter 11 Petition filed August 20, 2014

In re Seafood Peddler of San Rafael, Inc.
        aka Seafood Peddler
   Bankr. N.D. Cal. Case No. 14-31219
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/canb14-31219.pdf
         Filed Pro Se

In re Srivastava Real Estate Holding, Inc.
   Bankr. S.D. Ind. Case No. 14-07802
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/insb14-07802.pdf
         represented by: KC Cohen, Esq.
                         KC COHEN, LAWYER, P.C.
                         E-mail: kc@esoft-legal.com

In re Mohammed I. Khan
   Bankr. D. Md. Case No. 14-23066
      Chapter 11 Petition filed August 20, 2014

In re Mark Moody and Sherrill Moody
   Bankr. D. Nev. Case No. 15622
      Chapter 11 Petition filed August 20, 2014

In re T-Len, Inc.
   Bankr. D.N.J. Case No. 14-27167
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/njb14-27167.pdf
         represented by: David A. Kasen, Esq.
                         KASEN & KASEN
                         E-mail: dkasen@kasenlaw.com

In re Blue Wave 1, LLC
   Bankr. D.N.J. Case No. 14-27184
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/njb14-27184.pdf
         represented by: Jules L. Rossi , Esq.
                         LAW OFFICE OF JULES L. ROSSI
                         E-mail: jlrbk423@aol.com

In re Michael A. Quatela
   Bankr. W.D.N.Y. Case No. 21048
      Chapter 11 Petition filed August 20, 2014

In re Ram Production Services, Inc.
   Bankr. S.D. Tex. Case No. 14-50172
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/txsb14-50172.pdf
         represented by: Argentina Cronfel-Meurer, Esq.
                         CRONFEL-MEURER, P.C.
                         E-mail: cronfellaw@sbcglobal.net

In re Timothy Lee Hopkins
   Bankr. S.D. W.Va. Case No. 14-20441
      Chapter 11 Petition filed August 20, 2014

In re TLH Investments, LLC
   Bankr. S.D. W.Va. Case No. 14-20442
     Chapter 11 Petition filed August 20, 2014
         See http://bankrupt.com/misc/wvsb14-20442.pdf
         represented by: Andrew S. Nason, Esq.
                         PEPPER & NASON
                         E-mail: andyn@peppernason.com

In re Stephanie Marie Bunt
   Bankr. C.D. Cal. Case No. 14-26139
      Chapter 11 Petition filed August 21, 2014

In re Bualai Lai White
   Bankr. E.D. Cal. Case No. 14-28468
      Chapter 11 Petition filed August 21, 2014

In re American Rental Properties, LLC
   Bankr. M.D. Fla. Case No. 14-09754
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/flmb14-09754.pdf
         represented by: Leon A. Williamson, Jr., Esq.
                         LEON A. WILLIAMSON, JR., P.A.
                         E-mail: leon@lwilliamsonlaw.com

In re Meant, LLC
        dba Meant Spa and Lounge
   Bankr. N.D. Ga. Case No. 14-66295
     Chapter 11 Petition filed August 21, 2014
         Filed Pro Se

In re Thunderbolt Manufacturing, Inc.
   Bankr. D. Kans. Case No. 14-11954
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/ksb14-11954.pdf
         represented by: Elizabeth A. Carson, Esq.
                         BRUCE BRUCE & LEHMAN, LLC
                         E-mail: lcarson@ksadvocates.com

In re B & J Enameling, Inc.
   Bankr. E.D. Mich. Case No. 14-53469
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/mieb14-53469.pdf
         represented by: Lynn M. Brimer, Esq.
                         STROBL & SHARP, P.C.
                         E-mail: lbrimer@stroblpc.com

In re Clay Geoffrey Phillips
   Bankr. W.D. Mo. Case No. 14-61107
      Chapter 11 Petition filed August 21, 2014

In re Area Plumbing Supply Inc.
   Bankr. E.D.N.Y. Case No. 14-44283
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/nyeb14-44283.pdf
         Filed Pro Se

In re KJH, Inc.
        dba OK Cleaners
   Bankr. E.D. Pa. Case No. 14-16730
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/paeb14-16730.pdf
         represented by: Jon M. Adelstein, Esq.
                         ADELSTEIN & KALINER, LLC
                         E-mail: jma@tradenet.net

In re GTS Services, Inc.
   Bankr. W.D. Pa. Case No. 14-23374
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/pawb14-23374.pdf
         represented by: Corey J. Sacca, Esq.
                         BONONI & COMPANY
                         E-mail: csacca@bononilaw.com

In re View Point Farm, LLC
   Bankr. M.D. Tenn. Case No. 14-06693
     Chapter 11 Petition filed August 21, 2014
         See http://bankrupt.com/misc/tnmb14-06693.pdf
         represented by: Steven L. Lefkovitz
                         LAW OFFICES LEFKOVITZ & LEFKOVITZ
                         E-mail: slefkovitz@lefkovitz.com
In re Ricardo S. Padilla, Jr.
   Bankr. D. Ariz. Case No. 14-13065
      Chapter 11 Petition filed August 22, 2014

In re Harry Adam Stidham and Julie Jayne Stidham
   Bankr. C.D. Cal. Case No. 14-11840
      Chapter 11 Petition filed August 22, 2014

In re Keith G. Speir and Rhonda L. Spier
   Bankr. C.D. Cal. Case No. 14-11835
      Chapter 11 Petition filed August 22, 2014

In re John P. Stefani
   Bankr. C.D. Cal. Case No. 14-15137
      Chapter 11 Petition filed August 22, 2014

In re Edward Harlan Abdalla
   Bankr. C.D. Cal. Case No. 14-26191
      Chapter 11 Petition filed August 22, 2014

In re Cape Coral Towing & Recovery, Inc.
   Bankr. M.D. Fla. Case No. 14-09787
     Chapter 11 Petition filed August 22, 2014
         See http://bankrupt.com/misc/flmb14-09787.pdf
         represented by: Robert L. Vaughn, Esq.
                         LAW OFFICE OF ROBERT L. VAUGHN, P.A.
                         E-mail: Robert@vaughnlaw.net

In re Kim C Crawford
   Bankr. S.D. Fla. Case No. 14-28923
      Chapter 11 Petition filed August 22, 2014

In re PLH Investments & Properties, LLC
   Bankr. N.D. Ga. Case No. 14-66365
     Chapter 11 Petition filed August 22, 2014
         Filed Pro Se

In re Eugene S. Frazier and Natalie W. Frazier
   Bankr. D. Md. Case No. 14-23237
      Chapter 11 Petition filed August 22, 2014

In re Mathis Timber of Mississipi, Inc.
   Bankr. S.D. Miss. Case No. 14-02679
     Chapter 11 Petition filed August 22, 2014
         See http://bankrupt.com/misc/mssb14-02679.pdf
         represented by: Craig M. Geno, Esq.
                         LAW OFFICES OF CRAIG M. GENO, PLLC

In re Jorge Ramirez and Micaela Ramirez
   Bankr. D. Nev. Case No. 14-15726
      Chapter 11 Petition filed August 22, 2014

In re Casildo Bustos
   Bankr. D. Nev. Case No. 14-15734
      Chapter 11 Petition filed August 22, 2014

In re ShermacPlus Inc.
   Bankr. N.D. Ga. Case No. 14-66395
     Chapter 11 Petition filed August 23, 2014
         See http://bankrupt.com/misc/ganb14-66395.pdf
         represented by: Garrett A. Nail, Esq.
                         THOMPSON HINE, LLP
                         E-mail: garrett.nail@thompsonhine.com

In re VA Athletic Group, LLC
   Bankr. E.D. Va. Case No. 14-73093
     Chapter 11 Petition filed August 23, 2014
         See http://bankrupt.com/misc/vaeb14-73093.pdf
         represented by: Joseph T. Liberatore, Esq.
                         CROWLEY, LIBERATORE, RYAN & BROGAN, P.C.
                         E-mail: jliberatore@clrbfirm.com

In re Demitrius McKaye Anthony and Jasmine Eley Anthony
   Bankr. D. Md. Case No. 14-23271
      Chapter 11 Petition filed August 24, 2014

In re Jose Oscar DeSouza and Ezella J. DeSouza
   Bankr. N.D. Tex. Case No. 14-34050
      Chapter 11 Petition filed August 24, 2014



                             *********

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

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

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

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez,
Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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