TCR_Public/140903.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

          Wednesday, September 3, 2014, Vol. 18, No. 245

                            Headlines

600 BEARCAT: Voluntary Chapter 11 Case Summary
AGFEED INDUSTRIES: Reaches Deal With Foley & Lardner, et al.
AQUASITION CORP: NASDAQ to Delist Warrants & Units
ATLS ACQUISITION: Creditors Want Execs' FCA-Defense Claims Nixed
BANCO ESPIRITO SANTO: Goldman Sachs Lost Money on $835-Mil. Loan

BRUSH CREEK: Seeks to Extend Exclusive Right to File Plan
CLUB AT SHENANDOAH: GECC Drops Bid to Lift Stay on Calif. Property
COCHRAN BROTHERS: Case Summary & Largest Unsecured Creditors
CRUMBS BAKE SHOP: Marcus, Fischer Complete Acquisition
DETROIT, MI: Secures $275MM Ch.9 Exit Financing Bond Facility

DEWEY & LEBOEUF: WARN Act Class Settlement Gets Final Approval
DIOCESE OF HELENA: Inks Insurance Deal for Abuse Cases
EAST COAST BROKERS: Court Approves Settlement of IRS Claims
EAST COAST BROKERS: Court Okays Trustee's Deal with IRS
EMORAL INC: Advocacy Groups Urge High Court To Review Diacetyl Row

ENERGY FUTURE: Inks Set-Off Agreement with Alcoa Inc.
ENERGY FUTURE: Proposes Investments & Purchases Protocol
ENERGY FUTURE: Committee Appointed to Review Professional Fees
FALCON STEEL: Committee, Bank Balk at Western Hiring
FALCON STEEL: Greater Yield Not Disinterested, Objectors Say

FALCON STEEL: Bid for Taylor as CRO Facing Objections
FCC HOLDINGS: Has Interim OK to Enter Into Teach-Out Agreements
FCC HOLDINGS: Has Authority to Tap KCC as Claims & Noticing Agent
GENERAL MOTORS: Seeks Stay of Calif. Ignition-Switch Recall Suit
GENERAL MOTORS: Some Plaintiffs Challenge Bankruptcy Stay Order

GIANNA SALVAGE: Voluntary Chapter 11 Case Summary
IMRIS INC: Receives NASDAQ Listing Non-Compliance Notice
INT'L MANUFACTURING: Trustee Sale of Estate's Vehicles Approved
INVERSIONES ALSACIA: To File for Chapter 11 with Prepack Plan
KID BRANDS: Receives Competing Offer for Kids Line and CoCaLo

KID BRANDS: Order on $14MM Sale of Sassy Biz. to Angelcare Entered
KID BRANDS: U.S. Trustee Has Issues with Incentive Plan
KID BRANDS: Reches Settlement with Russ Companies and Amram's
KID BRANDS: Commences Adversary Proceeding vs. Allied Hill
LAS TORRES DEV.: Voluntary Chapter 11 Case Summary

LATEX FOAM: Duff & Phelps Addresses Objections to Hiring
LIGHTSQUARED INC: Has Access to Cash Collateral Until Nov. 15
LONG BEACH MOTOR: Voluntary Chapter 11 Case Summary
LONGVIEW POWER: Trial on $825MM Coverage Dispute Set for Nov. 17
MIG LLC: Creditors Committee Seeks to Tap McKenna Long as Counsel

MIG LLC: Gets Final Authority to Hire Natalia Alexeeva as CRO
MIG LLC: May Use Up to $113,500 in Operating Support Account
MINERAL PARK: Has Interim Authority to Use Cash Collateral
MINERAL PARK: Taps Evercore Group as Investment Banker
MINERAL PARK: Can Employ Prime Clerk as Claims & Noticing Agent

MINERAL PARK: Obtains Court OK to Pay $2-Mil. to Critical Vendors
MT LAUREL LODGING: Can Access Cash Collateral Until December 31
MT LAUREL LODGING: Plan Exclusivity Period Extended to October 13
NATCHEZ REGIONAL: Committee Says Plan Outline Lacking Information
NEW LIFE INT'L: Okayed to Sell Digital Assets

NNN 3500 MAPLE 26: Amends Disclosures for Chapter 11 Plan
OVERSEAS SHIPHOLDING: Must Pay Interest on Unpaid Interest
RANDHURST HOTEL: Files Ch. 11 to Stop Eviction
REVEL AC: Closure Marks End of NJ City's Reliance on Gambling
REVEL AC: U.S. Trustee Appoints GRGAC to Creditors' Committee

RIVERHOUND EVENT: Submits Reorganization Plan
SEA SHELL COLLECTIONS: Court Imposes Automatic Stay on Receiver
SEA SHELL COLLECTIONS: Court Allows Interim Use of Cash Collateral
SEAN DUNNE: Drops Bankruptcy Effort in the U.S.
SUPER BUY FURNITURE: U.S. Trustee Appoints Creditors' Committee

TLC HEALTH: Court Extends Plan Exclusivity to December 2014
TLC HEALTH: Obtains $7.3 Million Grant Funding From DOH
UNIVERSAL COOPERATIVES: Assets Sold to BCHU for $22.5-Mil.
VAIL LAKE: Ask Court for 90-Day Extension of Exclusive Periods
VAIL LAKE: Court Approves Deal on Use of Vail Lake Properties

VUZIX CORP: Posts $1.91-Mil. Operating Loss in 1H of 2014
WORLDCOM INC: IRS Misapplied Rules in $26M Suit, High Court Told
ZOOM TELEPHONICS: Reports $105K Net Loss for Q2 of 2014

* Bank of America Deal Shows Conflict and Trickery in Mortgages

* Federal Program Helps Keep Delinquent Borrowers in Their Homes

* Argentina Blasts Bond Judge's Remarks as Imperialist
* Argentina Seeks Writ of Certiorari in Arbitration Row


                             *********


600 BEARCAT: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: 600 Bearcat, L.P.
        #2 Park Row
        Arlington, TX 76013

Case No.: 14-43536

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 1, 2014

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: Mark Joseph Petrocchi, Esq.
                  GRIFFITH, JAY & MICHEL, LLP
                  2200 Forest Park Blvd.
                  Ft. Worth, TX 76110
                  Tel: (817) 926-2500
                  Fax: (817) 926-2505
                  E-mail: mpetrocchi@lawgjm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Britt Phillips, authorized individual.

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


AGFEED INDUSTRIES: Reaches Deal With Foley & Lardner, et al.
------------------------------------------------------------
AgFeed Industries LLP and its debtor affiliates sought and
obtained approval from the U.S. Bankruptcy Court for the District
of Delaware of settlements resolving several general unsecured
claims.  Under the settlements, general unsecured creditors will
recover 100% of their claims if they waive payment of prepetition
and/or postpetition interest.

Under certain settlements, the following professionals' general
unsecured claims are allowed as follows:

   FTI Consulting, Inc.              $2,780,000
   Foley & Lardner LLP               $1,252,359
   Latham & Watkins LLP              $6,036,501
   Marcum Bernstein & Pinchuk LLP      $989,948

According to Law360, Foley & Lardner's claim predated a choice
made by the Debtors in 2013 to hire the firm to serve as special
counsel to handle its corporate matters, litigation and sale of
its assets during the bankruptcy.

Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, said the hearing to approve
the disclosure statement explaining the plan was moved back to
Sept. 15 from Aug. 21.

                      About AgFeed Industries

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

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

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

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

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

Jefferies Leveraged Credit Products and Claims Recovery Group are
represented by Lawrence J. Kotler, Esq., and Catherine B.
Heitzenrater, Esq., at Duane Morris, LLP.


AQUASITION CORP: NASDAQ to Delist Warrants & Units
--------------------------------------------------
Aquasition Corp. on Aug. 28 disclosed that on August 25, 2014 it
received a letter from the staff of the Listing Qualifications of
the NASDAQ Stock Market LLC, indicating that the Staff has
determined to delist the Company's warrants and units from the
NASDAQ Stock Market.  As the Company previously disclosed, it
received a letter on March 20, 2014 from Nasdaq notifying the
Company that its securities did not comply with the minimum 300
public holder requirement for continued listing under Nasdaq
Listing Rule 5550(a)(3).  After completion of its recent business
combination with KBS International Holdings Inc., based on the
review of the Staff, the Company's common stock complies with the
minimum Round Lot Holder requirement for initial listing, while
the Company's warrants and units failed to demonstrate compliance.
While the Company may appeal the Staff's delisting determination
by September 2, 2014, it has no intention to do so as it
determined that it would not be able to regain compliance with
Nasdaq's continued listing requirements within the required time
frame.  As a result, trading of the Company's warrants and units
will be suspended at the opening of business on September 4, 2014
and a Form 25-NSE will be filed by Nasdaq with the Securities and
Exchange Commission, which will remove the Company's warrants and
units from listing and registration on the NASDAQ Stock Market.
The Company anticipates that the warrant and units will be
eligible to be quoted on either the OTC Bulletin Board or "Pink
Sheets" thereafter.  No assurance, however, can be made that
trading in the Company's warrants and units on the OTC Bulletin
Board or "Pink Sheets will commence or be maintained.

The Company believes that the delisting of the Company's warrants
and units will not affect the continued trading of the Company's
common stock on the NASDAQ Stock Market.

Aquasition Corp. is a company engaged in the design,
manufacturing, marketing, distribution and sale of casual menswear
in China.


ATLS ACQUISITION: Creditors Want Execs' FCA-Defense Claims Nixed
----------------------------------------------------------------
Law360 reported that the official unsecured creditors committee
appointed in Liberty Medical Supply Inc.'s Chapter 11 bankruptcy
objected to indemnification claims made by two executives of
parent ATLS Acquisition LLC who were defendants in a now-tossed
$69 million False Claims Act lawsuit against Liberty and its
related entities, saying that indemnification claims submitted by
Arlene Rodriguez and Carl Dolan, former ATLS vice presidents,
should not be allowed because the underlying FCA suit -- the
reason for which the executives seek indemnification -- was
disallowed by the bankruptcy.

                      About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtor's counsel; Ernst & Young LLP to provide investment banking
advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent for the Clerk of the Bankruptcy Court.

An official committee of unsecured creditors has been appointed in
the case and consists of LifeScan, Inc., Abbott Laboratories, and
Teva Pharmaceuticals USA, Inc.  They are represented by Joseph H.
Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent,
Esq., of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S.
Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein
Sandler LLP.  The Committee has tapped Mesirow Financial
Consulting, LLC, as financial advisors.

                           *     *     *

As previously reported by The Troubled Company Reporter, ATLS
Acquisition, LLC, et al., filed with the U.S. Bankruptcy Court for
the District of Delaware a joint plan of reorganization and an
accompanying disclosure statement, which propose to fund a
liquidating trust with proceeds from the sale of the Debtors'
assets.  A full-text copy of the Disclosure Statement dated
Aug. 15, 2014, is available at http://is.gd/aLMnQP


BANCO ESPIRITO SANTO: Goldman Sachs Lost Money on $835-Mil. Loan
----------------------------------------------------------------
Margot Patrick, David Enrich and Patricia Kowsmann, writing for
The Wall Street Journal, reported that Goldman Sachs Group Inc.,
through its Luxembourg financing vehicle, extended an $835 million
loan to Portuguese lender Banco Espirito Santo SA prior to its
collapse.  According to the Journal, at least some of the money
loaned to the Portugese bank was earmarked for an unusual
destination: helping finance a refinery-construction project that
a troubled Chinese company was running for Venezuela's state oil
company.  That oil company was a major creditor of companies in
the Espirito Santo group, the Journal said.

                 About Banco Espirito Santo

Banco Espirito Santo is a private Portuguese bank based in
Lisbon, Portugal.  It is 20% owned by Espirito Santo Financial
Group.

In August 2014, Banco Espirito Santo had been split into "good"
and "bad" banks as part of a EUR4.9 billion rescue of the
distressed Portuguese lender that protects taxpayers and senior
creditors but leaves shareholders and junior bondholders holding
only toxic assets.  A total of EUR4.9 billion in fresh capital is
being injected into this "good bank", which will subsequently be
offered for sale.  It has been renamed "Novo Banco", meaning new
bank, and will include all BES's branches, workers, deposits and
healthy credit portfolios.

In August 2014, Espirito Santo Financial Portugal, a unit fully
owned by Espirito Santo Financial Group, filed under Portuguese
corporate insolvency and recovery code.

In August 2014, Espirito Santo Financiere SA, another entity of
troubled Portuguese conglomerate Espirito Santo International SA,
filed for creditor protection in Luxembourg.

In July 2014, Portuguese conglomerate Espirito Santo
International SA filed for creditor protection in a Luxembourg
court, saying it is unable to meet its debt obligations.

                       *     *     *

On Aug. 15, 2014, The Troubled Company Reporter reported that
Standard & Poor's Ratings Services affirmed and then suspended
its 'C' ratings on two short-term certificate of deposit programs
and one commercial paper program originally issued by Portugal-
based Banco Espirito Santo S.A. (BES).  As S&P publically
communicated on Aug. 8, 2014, most of BES' senior unsecured debt
has been transferred to newly formed Novo Banco S.A. (not rated)
as part of BES' resolution proceedings.  S&P currently does not
have satisfactory information to perform its ratings analysis on
these debt instruments, and S&P is therefore suspending its
ratings on them.

The TCR, on Aug. 14, 2014, also reported that Moody's Investors
Service has assigned debt, deposit ratings and a standalone bank
financial strength rating (BFSR) to the newly established
Portuguese entity Novo Banco, S.A., in response to the transfer of
the majority of assets, liabilities and off-balance sheet items
from Banco Espirito Santo, S.A. (BES), together with the banking
activities of this bank. The following ratings have been assigned:
(1) long- and short-term deposit ratings of B2/Not-Prime; (2) a
standalone BFSR of E (equivalent to a ca baseline credit
assessment [BCA]).


BRUSH CREEK: Seeks to Extend Exclusive Right to File Plan
---------------------------------------------------------
Brush Creek Airport, LLC asked U.S. Bankruptcy Judge Michael
Romero to extend the period of time during which it alone holds
the right to file a plan to exit Chapter 11 protection.

In a court filing, the company proposed to extend its exclusive
right to file a plan to October 17, and solicit votes from
creditors to December 16.

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

Brush Creek on July 3 filed a plan of reorganization, which
classifies claims against the company and proposes how the claims
will be treated.

Under the plan, secured claims of holders of tax lien
certificates, which stemmed from unpaid real property taxes, will
be paid in full.  Brush Creek will redeem all tax lien
certificates through the sale of lots it owns.  Each certificate
holder will receive full payment at closing and will retain its
lien against the property securing its claim until paid in full.

Secured claims of Colorado Community Bank will be paid in full
through the sale of lots, which are encumbered by liens in favor
of the bank.

Meanwhile, creditors with general unsecured claims will receive
their pro rata share of 25% of the available funds on an annual
basis.  Distributions from the available funds will continue for
five years following Brush Creek's bankruptcy exit.

As regards the unsecured claim of Buckhorn Ranch Association Inc.,
Brush Creek will continue to withhold dues and fees from the
association until the association pays back all the money it owes
to the company.

Buckhorn claims that Brush Creek owes it $216,049 for homeowner
association dues and fees while the company claims that it is owed
$158,500 by the association.

Under the plan, all equity interests in the reorganized company
will be retained by Brush Creek's members in the proportions they
held prior to the bankruptcy filing.

Brush Creek will fund the plan with cash from sales of lots and
operation of Upper East River Water Company, LLC.  Upon its
official emergence from bankruptcy, all of its assets will be
transferred to the reorganized company subject to the liens held
by secured creditors.

A full-text copy of the restructuring plan is available for free
at http://is.gd/dBf8Rk

                    About Brush Creek Airport

Brush Creek Airport, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Col. Case No. 14-14630) in Denver on April 10, 2014.
The Debtor has tapped Sender Wasserman Wadsworth, P.C., as
counsel.  It estimated assets of $10 million to $50 million and
debt of $1 million to $10 million.


CLUB AT SHENANDOAH: GECC Drops Bid to Lift Stay on Calif. Property
------------------------------------------------------------------
General Electric Capital Corp. withdrew its motion to lift the
automatic stay with respect to a property located at 32700 Desert
Moon Drive, in Thousand Palms, California.

In a court filing, the company said it has already received
payment of the loan it extended to The Club At Shenandoah Springs
Village, Inc..

GECC holds a deed of trust that encumbers the property and asserts
a claim in the amount of $11.7 million against The Club.  In its
motion filed in December last year, GECC complained that its
interest in the property wasn't "adequately protected."

           About The Club At Shenandoah Springs Village

The Club At Shenandoah Springs Village, Inc., owns The Club At
Shenandoah Springs Village, a golf and leisure resort in Thousand
Palms, a desert region of central California.  It filed for
Chapter 11 protection (Bankr. C.D. Cal. Case No. 12-36723) on
Dec. 3, 2012.  The Debtor estimated both assets and liabilities of
between $10 million and $50 million.  Judge Mark D. Houle presides
over the case.  Daniel A. Lev, Esq., and Steven Worth, Esq., at
SulmeyerKupetz, in Los Angeles, Calif., represent the Debtor as
counsel.


COCHRAN BROTHERS: Case Summary & Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                           Case No.
      ------                                           --------
      Cochran Brothers Electric Co., Inc.              14-22059
      P.O. Box 2956
      Gainesville, GA 30504

      Cochran Holdings, Inc.                           14-22060
      P.O. Box
      Gainesville, GA 30504

      BS&K Property Holding, LLC                       14-22063
      P.O. Box 2956
      Gainesville, GA 30503-2956

Chapter 11 Petition Date: September 1, 2014

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

Debtors' Counsel: John A. Christy, Esq.
                  SCHREEDER, WHEELER & FLINT, LLP
                  1100 Peachtree Street, Suite 800
                  Atlanta, GA 30309-4516
                  Tel: 404-681-3450
                  Fax: 404 681 1046
                  E-mail: jchristy@swfllp.com

                                           Estimated   Estimated
                                            Assets    Liabilities
                                          ----------  -----------
Cochran Brothers Electric                 $1MM-$10MM  $1MM-$10MM
Cochran Holdings, Inc.                    $0-$50,000  $1MM-$10MM
BS&K Property Holding                     $1MM-$10MM  $1MM-$10MM

The petitions were signed by Boyd Stanley Cochran, president.

A list of Cochran Brothers's 19 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb14-22059.pdf

A list of Cochran Holdings's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb14-22060.pdf

Debtor BS&K Property listed the Lumpkin County Tax Commissioner as
its largest unsecured creditor holding a claim of $22,973.  A copy
of BS&K Property's petition is available for free at:

             http://bankrupt.com/misc/ganb14-22063.pdf


CRUMBS BAKE SHOP: Marcus, Fischer Complete Acquisition
------------------------------------------------------
Lemonis Fischer Acquisition Company, LLC, a joint venture owned by
Marcus Lemonis LLC and Fischer Enterprises, L.L.C., on Aug. 29
disclosed that it completed the acquisition of the assets of New
York-based cupcake company Crumbs Bake Shop.

"We plan to broaden Crumbs' appeal with an enhanced assortment of
premier sweets and snack foods from the Fischer Enterprises and
Marcus Lemonis portfolio of companies while maintaining an
emphasis on the decadent cupcakes for which Crumbs is famous."

Marcus Lemonis, host of CNBC's prime time reality series, The
Profit, and CEO of Camping World and Good Sam Enterprises, stated,
"We are very excited to have completed the Crumbs acquisition and
start the exciting next chapter of the company.  We have always
believed in the strength of the Crumbs brand and its loyal
customer base.  Together with the Fischers and their high level of
business expertise, we look forward to creating the nation's
'sweet and snack' destination by continuing to offer the high-
quality Crumbs cupcakes and adding additional high-quality
products owned by myself and the Fischers."

"We are excited to leverage Marcus' business turnaround expertise
to revitalize the Crumbs brand and transform the company into a
viable, ongoing business concern," said Scott Fischer, Fischer
Enterprises C.O.O.  "We plan to broaden Crumbs' appeal with an
enhanced assortment of premier sweets and snack foods from the
Fischer Enterprises and Marcus Lemonis portfolio of companies
while maintaining an emphasis on the decadent cupcakes for which
Crumbs is famous."

Lemonis Fischer plans to re-open select Crumbs stores with the
long-term goal of putting Crumbs employees back to work.  Loyal
and long-term Crumbs customers as well as potential new customers
can expect to see retail stores reopen over the next several weeks
in select cities including New York and Washington D.C. with a
wide assortment of products to tantalize even the most discerning
of palates.  Lemonis Fischer aims to reinvigorate the brand and
make Crumbs the stop-off point of choice for the dessert market.

Lemonis Fischer was the successful bidder for Crumbs' assets
through a voluntary Chapter 11 filing by Crumbs and received
approval of the acquisition by the United States Bankruptcy Court
for the District of New Jersey earlier this week.

Fischer Enterprises, the owner of frozen treat maker Dippin' Dots,
L.L.C., and Doc Popcorn, LLC is a privately held investment
company based in Oklahoma City.  Adding Crumbs to its portfolio of
companies rounds out its product base and enhances the
attractiveness of its portfolio assets.  Dippin' Dots and Doc
Popcorn both serve national and international markets.

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

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

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


DETROIT, MI: Secures $275MM Ch.9 Exit Financing Bond Facility
-------------------------------------------------------------
Kevyn Orr, the Emergency Manager for the City of Detroit on
Aug. 28 disclosed that the City has secured a $275 million
Chapter 9 Exit Financing Bond Facility commitment from Barclays
Capital Inc.  This financing commitment is the culmination of a
robust process that included expressions of interest from a number
of prospective lenders, underscoring the City's viability as an
attractive investment.

The City's Plan of Adjustment filed with United States Bankruptcy
Court for the Eastern District of Michigan contemplates that, as
part of the implementation process, the City will obtain exit
financing through the issuance of financial recovery bonds upon
its emergence from bankruptcy protection.  The bonds will be
issued by the Michigan Finance Authority.

The City expects that the net proceeds of the Exit Facility will
be used to fund:

The retirement of the City's $120 million post-petition financing
facility;

Certain of the City's reinvestment and revitalization initiatives;
and

The City's obligations with respect to certain classes of claims
under the Plan of Adjustment.

It is expected that up to $200 million of the Exit Facility will
be tax-exempt.

"Detroit continues to make steady progress in returning to firm
financial footing and becoming an attractive place to invest once
again," said Mr. Orr.  "We are very pleased to have secured this
Exit Facility and are encouraged by the reception we received from
the broader financial community.  We look forward to deploying
these funds in our ongoing effort to make Detroit a viable and
strong American city once again."

"The hard work accomplished during Detroit's restructuring has
been clearly recognized by the capital markets," said Kenneth A.
Buckfire, President and Managing Director of Miller Buckfire & Co.
"Detroit has a promising future and these funds will play an
important role in achieving a number of the City's financial and
operational goals."

Additional information on the commitment from Barclays can be
found at www.detroitmi.gov/emergencymanager

Miller Buckfire & Co., Jones Day, Miller Canfield, Ernst & Young
and Conway MacKenzie Inc. are advising the City of Detroit on its
restructuring.  Barclays will act as the exclusive underwriter and
syndication agent for the Exit Facility.

                 About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DEWEY & LEBOEUF: WARN Act Class Settlement Gets Final Approval
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, reported that U.S.
Bankruptcy Judge Martin Glenn gave final approval on Aug. 20 for a
settlement worth $3 million for the 425 former Dewey & LeBoeuf LLP
employees who were fired without 60 days' notice and $1.5 million
for their lawyers.  According to the report, Judge Glenn said
litigating a class action would have been complicated, protracted
and expensive, unnecessarily depleting the estate while delaying
and diminishing distributions to creditors, including class
members.

The Warn Act suit is Conn v. Dewey & LeBoeuf LLP, 12-ap-01672,
U.S. Bankruptcy Court, Southern District of New York (Manhattan).

                      About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) to complete the wind-down of its operations.
The firm had struggled with high debt and partner defections.
Dewey disclosed debt of $245 million and assets of $193 million in
its chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in
1929.  In recent years, more than 1,400 lawyers worked at the firm
in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe.  When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.
The partners of the separate partnership in England are in process
of winding down the business in London and Paris, and
administration proceedings in England were commenced May 28.  All
lawyers in the Madrid and Brussels offices have departed.  Nearly
all of the lawyers and staff of the Frankfurt office have
departed, and the remaining personnel are preparing for the
closure.  The firm's office in Sao Paulo, Brazil, is being
prepared for closure and the liquidation of the firm's local
affiliate.  The partners of the firm in the Johannesburg office,
South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc. was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DIOCESE OF HELENA: Inks Insurance Deal for Abuse Cases
------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
the Roman Catholic Diocese of Helena has entered into a settlement
with six insurance carriers under which the insurers will pay
$10.9 million to fund the diocese's $15 million compensation
package for about 380 individuals who allege they were sexually
abused by clergy members.  According to the Journal, in exchange,
the insurance carriers would receive immunity from any future
lawsuits related to the abuse claims.

                    About the Diocese of Helena

The Roman Catholic Bishop of Helena, Montana, a Montana Religious
Corporation Sole (a/k/a Diocese of Helena) sought protection
under Chapter 11 of the Bankruptcy Code on Jan. 31, 2014, to
resolve more than 350 sexual-abuse claims.  The Chapter 11 case
(Bankr. D. Mont. Case No. 14-60074) was filed in Butte, Montana.

Attorneys at Elsaesser Jarzabek Anderson Elliott & MacDonald,
Chtd., serve as counsel to the Debtor.  Gough, Shanahan, Johnson &
Waterman PLLP has been tapped as special counsel to provide legal
advice relating to sexual abuse claims.

Several Roman Catholic dioceses in the U.S. have filed for
bankruptcy to settle claims from current and former parishioners
who say they were sexually molested by priests.

The Roman Catholic Bishop of Helena filed its schedules of assets
and liabilities, which show assets with a value of more than
$16.037 million against debt totaling $33.6 million.  The filings
also showed that the diocese has $4.7 million in secured debt.
Creditors of the diocese assert $28.89 million in unsecured
non-priority claims.

The U.S. Trustee for Region 18 appointed seven creditors to serve
on the Official Committee of Unsecured Creditors.  The Committee
has retained Pachulski Stang Ziehl & Jones LLP as counsel.

The Court installed Michael R. Hogan as the legal representative
for these sex abuse victims: (a) are under 18 years of age before
the Claims Bar Date; (b) neither discovered nor reasonably should
have discovered before the Claims Bar Date that his or her injury
was caused by an act of childhood abuse; or (c) have a claim that
was barred by the applicable statute of limitations as of the
Claims Bar Date but is no longer barred by the applicable statute
of limitations for any reason, including for example the passage
of legislation that revives such claims.


EAST COAST BROKERS: Court Approves Settlement of IRS Claims
-----------------------------------------------------------
The Bankruptcy Court approved the settlement agreement between
Gerard A. McHale, Jr., acting Chapter 11 trustee for East Coast
Brokers & Packers, Inc., et al., and the Internal Revenue Service.

The IRS is a substantial creditor of the Debtors and has filed
proofs of claim totaling $48,874,462.  The IRS Claims asserted
against the Debtors include, inter alia, estimated claims based on
the failure to timely file tax returns.

According to parties, the settlement facilitates fair and
equitable administration of the bankruptcy estates. The terms of
the settlement agreement, provides for, among other things:

   1. neither the trustee nor the Debtors will be required to file
income tax returns for tax years 2011, 2012, and 2013; and

   2. the IRS and the other general unsecured creditors of the
estates will share equally in any money available for distribution
to creditors following the payment of allowed administrative
expense claims.  Therefore after the payment of allowed
administrative expense claims against the estates, the IRS will
receive a distribution equal to 50% of the cash on hand in each
estate.  The remaining 50% of cash on hand will be available for
distribution to the holders of all other allowed general unsecured
claims against the estates, excluding the general unsecured claims
of the IRS.

                      About East Coast Brokers

East Coast Brokers & Packers, Inc., along with related entities,
sought Chapter 11 protection (Bankr. M.D. Fla. Lead Case No.
13-02894) in Tampa, Florida, on March 6, 2013.  East Coast Brokers
& Packers disclosed $12,663,307 in assets and $75,181,975 in
liabilities as of the Chapter 11 filing.

The debtor-affiliates are Batista J. Madonia, Sr. and Evelyn M.
Madonia (Case No. 13-02895); Circle M Ranch, Inc., Case No.
13-02896); Ruskin Vegetable Corporation, Case No. 13-02897);
Oakwood Place, Inc. (Case No. 13-2898); Byrd Foods of Virginia,
Inc. (Case No. 13-03069); Eastern Shore Properties, Inc. (Case No.
13-03070); and Stellaro Bay, Inc. (Case No. 13-3071).

Scott A. Stichter, Esq., and Susan H. Sharp, Esq., at Stichter,
Riedel, Blain & Prosser, P.A., in Tampa, serve as counsel to the
Debtors.  Steven M. Berman, Esq., and Hugo S. deBeaubien, Esq., at
Shumaker, Loop, & Kendrick, LLP, in Tampa, are the Debtors'
special counsel.

In June 2013, the bankruptcy court approved the appointment of
Gerard A. McHale, Jr., to serve as Chapter 11 trustee.  MLIC Asset
Holdings LLC and MLIC CB Holdings LLC asked the Bankruptcy Court
to appoint a Chapter 11 trustee, or, in the alternative, dismiss
the Debtors' Chapter 11 cases.  According to the MLIC entities,
the Debtors, among other things had mishandled the potential rents
from employees, failed to pay taxes, failed to maintain insurance,
has inadequate security regarding the Debtors' personal and real
property, and delayed the filing of schedules and reports required
under the Bankruptcy Code.

Brian G. Rich, Esq., at Berger Singerman LLP, in Tallahassee,
Fla., represents the Chapter 11 trustee as counsel.


EAST COAST BROKERS: Court Okays Trustee's Deal with IRS
-------------------------------------------------------
A bankruptcy judge approved a settlement agreement between Gerard
A. McHale, Jr., acting Chapter 11 trustee for East Coast Brokers &
Packers, Inc., et al., and the Internal Revenue Service.

The IRS is a substantial creditor of the Debtors and has filed
proofs of claim totaling $48,874,462.  The claims asserted by the
IRS against the Debtors include, inter alia, estimated claims
based on the failure to timely file tax returns.

According to parties, the settlement facilitates a fair and
equitable administration of the bankruptcy estates.

The terms of the settlement agreement are:

   1. Neither the Trustee nor the Debtors will be required to file
income tax returns for tax years 2011, 2012, and 2013; and

   2. The IRS and the other general unsecured creditors of the
estates will share equally in any money available for distribution
to creditors following the payment of allowed administrative
expense claims.  Therefore after the payment of allowed
administrative expense claims against the estates, the IRS will
receive a distribution equal to 50% of the cash on hand in each
estate.  The remaining 50% of cash on hand will be available for
distribution to the holders of all other allowed general unsecured
claims against the estates, excluding the general unsecured claims
of the IRS.

                      About East Coast Brokers

East Coast Brokers & Packers, Inc., along with related entities,
sought Chapter 11 protection (Bankr. M.D. Fla. Lead Case No.
13-02894) in Tampa, Florida, on March 6, 2013.  East Coast Brokers
& Packers disclosed $12,663,307 in assets and $75,181,975 in
liabilities as of the Chapter 11 filing.

The debtor-affiliates are Batista J. Madonia, Sr. and Evelyn M.
Madonia (Case No. 13-02895); Circle M Ranch, Inc., Case No.
13-02896); Ruskin Vegetable Corporation, Case No. 13-02897);
Oakwood Place, Inc. (Case No. 13-2898); Byrd Foods of Virginia,
Inc. (Case No. 13-03069); Eastern Shore Properties, Inc. (Case No.
13-03070); and Stellaro Bay, Inc. (Case No. 13-3071).

Scott A. Stichter, Esq., and Susan H. Sharp, Esq., at Stichter,
Riedel, Blain & Prosser, P.A., in Tampa, serve as counsel to the
Debtors.  Steven M. Berman, Esq., and Hugo S. deBeaubien, Esq., at
Shumaker, Loop, & Kendrick, LLP, in Tampa, are the Debtors'
special counsel.

In June 2013, the bankruptcy court approved the appointment of
Gerard A. McHale, Jr., to serve as Chapter 11 trustee.  MLIC Asset
Holdings LLC and MLIC CB Holdings LLC asked the Bankruptcy Court
to appoint a Chapter 11 trustee, or, in the alternative, dismiss
the Debtors' Chapter 11 cases.  According to the MLIC entities,
the Debtors, among other things had mishandled the potential rents
from employees, failed to pay taxes, failed to maintain insurance,
has inadequate security regarding the Debtors' personal and real
property, and delayed the filing of schedules and reports required
under the Bankruptcy Code.

Brian G. Rich, Esq., at Berger Singerman LLP, in Tallahassee,
Fla., represents the Chapter 11 trustee as counsel.


EMORAL INC: Advocacy Groups Urge High Court To Review Diacetyl Row
------------------------------------------------------------------
Law360 reported that American Association for Justice and the New
Jersey Association for Justice have filed an amicus brief urging
the U.S. Supreme Court to reverse a Third Circuit ruling shielding
Aaroma Holdings LLC from a class action alleging harm from
exposure to food coloring, arguing the ruling will prevent valid
injury claims while insulating manufacturers of harmful products.

According to the report, the advocacy groups lobbied the nation's
high court to overturn the Third Circuit's ruling that Aaroma
couldn't be held liable for injuries allegedly caused by diacetyl,
a food coloring agent because it purchased the chemicals from the
now-bankrupt Emoral Inc., saying that assigning successor
liability claims to the estate would hamper individuals seeking
compensation for injuries caused by defective products, while
allowing the manufacturers of those products to evade liability.

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


ENERGY FUTURE: Inks Set-Off Agreement with Alcoa Inc.
-----------------------------------------------------
Energy Future Holdings Corp., et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware for Luminant
Generation Company LLC, Luminant Mining Company LLC, and Sandow
Power Company LLC, to enter into and perform under a stipulation
with Alcoa Inc., providing for the netting and set off of certain
claims arising under and relating to the Alcoa Agreements.

Among other contracts, Luminant Generation provides energy needed
for Alcoa's primary aluminum smelter facility in Rockdale, Texas.
Moreover, Luminant Mining also acts as a contract miner to mine
lignite coal reserves at a lignite mine and mines and supplies
lignite coal to Alcoa to meet Alcoa's obligations to supply 100%
of the fuel for an electric generation units.

By the stipulation, the Debtor Parties seek to allow Alcoa to net
and set off certain of the agreed, undisputed prepetition amounts
that each of the Debtor Parties owe to Alcoa, against amounts that
Alcoa owes to each of the Debtor Parties under the Alcoa
Agreements, resulting in a total net payable from Alcoa to the
Debtors of approximately $4.96 million.

Additionally, the Debtor Parties seek to net and set off accrued,
outstanding postpetition claims owing by and among the Debtor
Parties and Alcoa.  For the postpetition period beginning
April 29, 2014, through June 30, 2014, this will result in a total
net payable from Alcoa to the Debtors of approximately $4.05
million.

A hearing on the request is scheduled for Sept. 16, 2014, at 11:00
a.m.  Objections are due Sept. 9.

                      About Energy Future

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Proposes Investments & Purchases Protocol
--------------------------------------------------------
Energy Future Holdings Corp., et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to establish
procedures enabling Texas Competitive Electric Holdings Company
LLC and certain of its direct and indirect Debtor subsidiaries to
make certain capital investments and purchases that the Debtors
say are necessary for them to stay competitive in the electricity
market.

The TCEH Debtors propose that, with regard to investments and
purchases, in any individual or series of related transactions,
with a price less than or equal to $1 million, the Debtors will
consummate these transactions without further order of the Court
or notice to any party.  With regard to investments and purchases,
in any individual or series of related transactions, with a price
greater than $1 million and less than or equal to $5 million, the
Debtors will consummate these transactions without further order
of the Court, but with notice to notice parties.  With regard to
investments and purchases, in any individual or series of related
transactions, with a price greater than $5 million and less than
or equal to $10 million, the Debtors will consummate these
transactions without further order of the Court, but subject to
notice and objections from parties-in-interest.

A hearing on the request is scheduled for Sept. 16, 2014, at 11:00
a.m.  Objections are due Sept. 9.

                      About Energy Future

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Committee Appointed to Review Professional Fees
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, at the
recommendation of Roberta A. DeAngelis, the U.S. Trustee for
Region 3, Energy Future Holdings Corp. and its debtor affiliates,
and the Official Committee of Unsecured Creditors, authorized the
appointment of a committee, among other things, to review and
report as appropriate on monthly fee statements and all interim
and final fee applications filed by professionals.

The Debtors, the Committee, and the U.S. Trustee have agreed, and
the Court appointed, Richard Gitlin, as independent member of the
Fee Committee.
The Fee Committee has sought authority from the Bankruptcy Court
to retain Godfrey & Kahn, S.C. as its counsel.

                      About Energy Future

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

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

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

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

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

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

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

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

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


FALCON STEEL: Committee, Bank Balk at Western Hiring
----------------------------------------------------
Texas Capital Bank, National Association, and the statutory
committee formed in the Chapter 11 cases of debtor Falcon Steel
Company filed objections to the application to employ of Western
Operations, L.L.C., as financial consultant.

Texas Capital Bank, a secured creditor, complains that the
application contains no information about Western's prior
experience in Chapter 11 proceedings, so it is impossible to
determine from the application whether Western is qualified to
serve as a financial consultant or advisor to a Chapter 11 debtor.

The Official Committee of Unsecured Creditors said that in the
event the Court approves the application, Western be required to
submit fee and expense applications, subject to review under the
reasonableness standard, pursuant to Section 330 of the Bankruptcy
Code.

As reported in the Troubled Company Reporter on Aug. 27, 2014, the
Debtors have tapped Western Operations to provide these services:

   (a) Strategic Analysis.  Western Operations shall conduct a
       strategic analysis to identify financial and
       recapitalization opportunities for the Company.  Western
       Operations shall provide the Debtors with financial
       information, analysis, consultation and advice concerning a
       range of potential financing and recapitalization
       opportunities for the Debtors' business;

   (b) Financing/Recapitalization of Company.  Following the
       completion of the strategic analysis described above,
       Western Operations shall undertake to obtain interest from
       and negotiate with potential lenders or equity partners for
       the Company.  In this regard, the Company shall provide to
       Western Operations the terms and conditions under which the
       Company would be willing to refinance and recapitalize the
       Company.  Western Operations shall thereafter undertake to
       locate lenders or equity partners ready, willing, and able
       to finance or recapitalize the Company within the
       parameters provided by the Company.

   (c) Chapter 11 Support.  As a part of the Company's chapter 11
       proceedings, the Company may requires that Western
       Operations provide one or both of the following additional
       services:

       -- identify and secure a source for debtor-in-possession
          financing ("DIP Financing") to provide short term
          operating cash for the business.

       -- support the Company and its legal advisors to negotiate
          a restructuring of the senior secured debt in place with
          Texas Capital Bank ("Bank Debt") as part of a plan of
          reorganization.

The Engagement Agreement provides that Western Operations shall
receive a fee equal to 4% of the total amount of the "Transaction
Value" provided to the Debtors.

The Engagement Agreement further provides that in the even a
letter of intent or other similar instrument ("LOI") has been
signed between the Company and a purchaser and thereafter the
Company decides for any reason not to complete the sale or
financing at the agreed-upon terms of the LOI, the Company shall
be responsible for paying Western Operations a fee equal to 1% of
the Transaction Value as provided in the LOI.

In addition, in consideration of Western Operations' support of
the Company during bankruptcy, under the terms of the Engagement
Agreement, Western Operations is to receive the following fees:

   (a) If the Company secures DIP Financing, Western Operations
       shall receive $50,000 or 4% of the amount of the DIP
       Financing, whichever is greater; and

   (b) If the Company renegotiates the Bank Debt as part of a
       Chapter 11 reorganization, Western Operations shall receive
       $250,000.

Alem Boukadoum of Western Operations, LLC, 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.

                    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.


FALCON STEEL: Greater Yield Not Disinterested, Objectors Say
------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Falcon Steel Company, et al., Texas Capital Bank,
National Association, the U.S. Trustee filed objections to the
Debtors' application to employ Greater Yield, Ltd. as management
and operations consultants.

The Committee stated that Greater Yield is not a "disinterested
party", and the Debtors have failed to demonstrate that Greater
Yield's employment is in the best interest of the estates or that
Greater Yield is qualified.

Texas Capital Bank, a secured creditor, is asking the Court to
deny the application because:

   a) Greater Yield is not a "disinterested person" and does not
qualify for employment under Section 327(a);

   b) the services to be provided by Greater Yield are generic
consulting services with no nexus to a successful reorganization
of the Debtors; and

   c) the services to be provided by Greater Yield are duplicative
of the services to be provided by other professionals the Debtors
are seeking to employ.

The U.S. Trustee in its objection pointed out that the proposed
chief restructuring officer, James T. "Jim" Taylor is an employee
of Greater Yield, rendering the applicant not disinterested.

                          The Application

As reported in the Troubled Company Reporter on Aug. 27, 2014, as
set forth in the Engagement Letter, Greater Yield will implement
an Operational Improvement & Business Transformation
Implementation Program that will deliver critical operational
improvements; organizational infrastructure realignment, overall
human capital business implementation, financial improvements,
information technology assessment, and overall business process
improvements to the Company.

Greater Yield will implement a program to improve the efficiency
of the Debtors' business operations and maximize the Debtors'
profitability.  Greater Yield will have two consultants on-site at
the Company's headquarters to provide services to the Debtors.  An
additional consultant may be added with the approval of the
Debtors' management team if it is determined that this would be
beneficial and cost-effective for the Debtors.

The engagement letter provides that Greater Yield shall receive
$1,500 per day per consultant furnished to the Debtors.  In
addition, the engagement letter provides that the Company shall
reimburse Greater Yield for expenses incurred and pay mileage of
$0.56 per mile.

Greater Yield will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Debbie Womack, principal of Greater Yield, 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.

                    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.


FALCON STEEL: Bid for Taylor as CRO Facing Objections
-----------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Falcon Steel Company and New Falcon Steel, LLC, Texas
Capital Bank, National Association, and the U.S. Trustee filed
objections to the Debtors' application to employ James "Jim" T.
Taylor as chief restructuring officer.

The Debtors are seeking to employ Mr. Taylor to render
restructuring services, including coordinating the restructuring
efforts of the Debtors and identifying, developing, and
implementing strategies related to the Debtors' debt obligations,
business operations, and other related matters.

In exchange for Mr. Taylor's employment, the Debtors propose to
compensate Mr. Taylor by paying him $1,600 per day (in addition to
$16,000 Mr. Taylor received as an initial payment) and reimbursing
him for his reasonable travel and business expenses.

                           Objections

The Committee noted that Mr. Taylor also serves as a board member
for the Debtors; the role is neither disclosed in the Debtors'
application nor the declaration.

The Committee objects to the employment of Mr. Taylor to the
extent the proposed compensation (i) provides Mr. Taylor with
$1,600 per day, plus an undetermined/undisclosed amount of stock
in the Debtors, without Mr. Taylor achieving any measurable
benchmarks; (ii) gives Mr. Taylor carte blanche to unilaterally
increase his compensation as CRO; and (iii) does not require Mr.
Taylor to submit fee and expense applications, subject to review
under the reasonableness standard.

Secured Creditor Texas Capital Bank complains that Mr. Taylor is
not a disinterested person as that term is defined in Section
101(14) of the Bankruptcy Code.

The U.S. Trustee, in its objection, stated that the CRO motion
proposed to pay to the CRO an undetermined amount of stock, which
must be subject to approval of the Court at the conclusion of the
case, subject to a reasonableness standard, and not pre-approved.
The Committee is represented by:

         Jonathan L. Howell, Esq.
         McCATHERN PLLC
         Regency Plaza
         3710 Rawlins Street, Suite 1600
         Dallas, TX 75219
         Tel: (214) 273-6409
         Fax: (214) 723-5966
         E-mail: jhowell@mccathernlaw.com

Texas Capital is represented by:

         Eli O. Columbus, Esq.
         Matthew T. Ferris, Esq.
         Brandon J. Tittle, Esq.
         WINSTEAD PC
         500 Winstead Building
         2728 N. Harwood Street
         Dallas, TX 75201
         Tel: (214) 745-5400
         Fax: (214) 745-5390

                          The Application

As reported in the Troubled Company Reporter on Aug. 28, 2014,
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.

                    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.


FCC HOLDINGS: Has Interim OK to Enter Into Teach-Out Agreements
---------------------------------------------------------------
FCC Holdings, Inc., et al., obtained interim authority from the
U.S. Bankruptcy Court for the District of Delaware to enter into
Teach-Out Agreements in the event IEC Corporation does not acquire
the Step 2 Anthem Schools.

As of the Petition Date, the Debtors had executed approximately 15
to 20 Teach-Out agreements -- covering approximately 1,100
students -- in order to provide their students with a convenient
option for completing their education.

A final hearing on the Motion will be held on Sept. 22, 2014, at
12:30 p.m.  Objections are due Sept. 15.

                        About FCC Holdings

FCC Holdings, Inc., and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 14-11987) in Delaware on
Aug. 25, 2014.

Headquartered in Ft. Lauderdale, Florida, FCC and its affiliates
provide quality postsecondary education in fourteen states.  The
FCC schools were started by David Knobel in 1994 in Fort
Lauderdale, Florida, and, as of the bankruptcy filing, are owned
by Greenhill Capital Partners.

Prior to the Petition Date, the Company, which currently operates
under the name "Anthem Education," had three sets of schools --
the 14 Florida Career College schools; the 22 Anthem Education
schools; and the 5 US Colleges schools.

The Debtors' outstanding secured obligations are $49,000,000, plus
interest and fees, comprised of: Tranche A Loans of $18.6 million,
Tranche B Loans of $29.1 million, and existing letters of credit
of $1.39 million.  The Debtors also have unsecured debt of
$15 million.

Judge Christopher S. Sontchi is assigned to the Chapter 11 cases.

The Debtors have tapped Dennis A. Meloro, Esq., at Greenberg
Traurig, LLP, as counsel, and KCC as claims and notice agent.


FCC HOLDINGS: Has Authority to Tap KCC as Claims & Noticing Agent
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
FCC Holdings, Inc., et al., to employ Kurtzman Carson Consultants
LLC as claims and noticing agent to, among other things, (i)
distribute required notices to parties-in-interest, (ii) receive,
maintain, docket and otherwise administer the proofs of claim
filed in the Debtors' cases, and (iii) provide other
administrative services that would fall within the purview of
services to be provided by the Clerk's Office.

                        About FCC Holdings

FCC Holdings, Inc., and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 14-11987) in Delaware on
Aug. 25, 2014.

Headquartered in Ft. Lauderdale, Florida, FCC and its affiliates
provide quality postsecondary education in fourteen states.  The
FCC schools were started by David Knobel in 1994 in Fort
Lauderdale, Florida, and, as of the bankruptcy filing, are owned
by Greenhill Capital Partners.

Prior to the Petition Date, the Company, which currently operates
under the name "Anthem Education," had three sets of schools --
the 14 Florida Career College schools; the 22 Anthem Education
schools; and the 5 US Colleges schools.

The Debtors' outstanding secured obligations are $49,000,000, plus
interest and fees, comprised of: Tranche A Loans of $18.6 million,
Tranche B Loans of $29.1 million, and existing letters of credit
of $1.39 million.  The Debtors also have unsecured debt of
$15 million.

Judge Christopher S. Sontchi is assigned to the Chapter 11 cases.

The Debtors have tapped Dennis A. Meloro, Esq., at Greenberg
Traurig, LLP, as counsel, and KCC as claims and notice agent.


GENERAL MOTORS: Seeks Stay of Calif. Ignition-Switch Recall Suit
----------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
General Motors asked the bankruptcy judge in Manhattan to block a
lawsuit tied to the auto maker's ignition-switch recalls pending
in a California state court.  According to the report, the
reorganized car maker says it is protected by an order that
cleared the "new" GM of past liabilities as part of a government-
backed 2009 bankruptcy sale.

The Journal noted that the California lawsuit, which was filed by
Orange County, Calif., District Attorney Tony Rackauckas, is
different from other similar suits because it seeks more than
money.  The California lawsuit is seeking for injunctive relief
aimed at protecting people in California from GM's alleged bad
behavior.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

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

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

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

                         *     *     *

The Troubled Company Reporter, on Aug. 29, 2014, reported that
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of
General Motors Company (GM) and its General Motors Holdings LLC
(GM Holdings) subsidiary at 'BB+'.  In addition, Fitch has
affirmed GM Holdings' secured revolving credit facility rating at
'BBB-' and GM's senior unsecured notes rating at 'BB+'.  The
Rating Outlook for GM and GM Holdings is Positive.


GENERAL MOTORS: Some Plaintiffs Challenge Bankruptcy Stay Order
---------------------------------------------------------------
Amanda Bronstad, writing for The National Law Journal, reported
that a number of attorneys representing plaintiffs are challenging
U.S. Bankruptcy Judge Robert Gerber's order temporarily halting
proceedings in consumer lawsuits over General Motor Co.'s
ignition-switch defect.

According to the report, one of these attorneys is Orange County,
Calif. District Attorney Tony Rackauckas, who sought to partially
lift the stay so that they could seek a remand of his case to the
Orange County Superior Court.  Mr. Rackauckas sued GM seeking
civil remedies on behalf of California consumers with cars and
trucks recalled over 35 defects, the report said.  These
challenges, however, have have been unsuccessful so far, the
report related.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

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

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

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

                         *     *     *

The Troubled Company Reporter, on Aug. 29, 2014, reported that
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of
General Motors Company (GM) and its General Motors Holdings LLC
(GM Holdings) subsidiary at 'BB+'.  In addition, Fitch has
affirmed GM Holdings' secured revolving credit facility rating at
'BBB-' and GM's senior unsecured notes rating at 'BB+'.  The
Rating Outlook for GM and GM Holdings is Positive.


GIANNA SALVAGE: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Gianna Salvage Inc.
           dba Stop & Save Used Auto Parts & Scrap, LLC
           dba Knock-Out Auto Parts, LLC
        6800 Essington Ave.
        Philadelphia, pa 19153

Case No.: 14-17000

Chapter 11 Petition Date: September 1, 2014

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Magdeline D. Coleman

Debtor's Counsel: Thomas Daniel Bielli, Esq.
                  O'KELLY ERNST & BIELLI, LLC
                  1500 Walnut Street, Suite 900
                  Philadelphia, PA 19102
                  Tel: 215-543-7182
                  Fax: 215-525-9648
                  E-mail: tbielli@oeblegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lisa M. Rhode, Esq., administrator of
the estate of Robert S. LeFlar, Jr., 100% shareholder of Gianna
Salvage, Inc.

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


IMRIS INC: Receives NASDAQ Listing Non-Compliance Notice
--------------------------------------------------------
IMRIS Inc. on Aug. 29 disclosed that the Company received a
letter, dated August 25, 2014, from the NASDAQ Stock Market LLC
stating that for the previous 30 consecutive business days the bid
price of the Company's common stock closed below the minimum $1.00
per share required for continued listing under Nasdaq Listing Rule
5450(a)(1).

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company
has a period of 180 calendar days, or until February 23, 2015, to
regain compliance with the minimum bid requirement.  If at any
time during the 180 calendar day grace period, the closing bid
price per share of the Company's common stock is at or above $1.00
for a minimum of ten consecutive business days, the Company will
regain compliance and the matter will be closed.  In the event the
Company does not regain compliance, the Company may be eligible
for an additional period to regain compliance, subject to
satisfying certain Nasdaq requirements.  If it appears to the
Nasdaq staff that the Company will not be able to cure the
deficiency or if the Company is not otherwise eligible for the
additional compliance period, the Company's common stock will be
subject to delisting by Nasdaq.

                          About IMRIS

IMRIS (NASDAQ: IMRS; TSX: IM) -- http://www.imris.com-- provides
image guided therapy solutions through its VISIUS Surgical Theatre
-- a revolutionary, multifunctional surgical environment that
provides unmatched intraoperative vision to clinicians to assist
in decision making and enhance precision in treatment.  The multi-
room suites incorporate diagnostic quality high-field MR, CT and
angio modalities accessed effortlessly in the operating room
setting.  VISIUS Surgical Theatres serve the neurosurgical,
cardiovascular, spinal and cerebrovascular markets and have been
selected by 61 leading medical institutions around the world.


INT'L MANUFACTURING: Trustee Sale of Estate's Vehicles Approved
---------------------------------------------------------------
The Bankruptcy Court authorized Beverly N. McFarland, Chapter 11
trustee for International Manufacturing Group Inc., to sell these
automobiles owned by the estate:

   1. Maroon 2005 Scion XB wagon Sport utility 4-D, to
      AutoNation for $2,500;

   2. Blue 2010 Toyota Prius II Hatchback 4-Door to AutoNation for
      $16,500;

   3. White 2003 Ford Explorer Eddie Bauer 4.0L 4WD Sport Utility
      4-Door to Carlo E. Youngstrom for $6,000;

   4. Silver 2005 Toyota 4 Runner Limited V8 4WD Sport Utility 4-
      Door to AutoNation for $10,000; and

   5. Black 2002 Lexus SC 430 Convertible to AutoNation for
      $15,000.

The Trustee's attorneys can be reached at:

         Thomas A. Willoughby, Esq.
         Jason E. Rios, Esq.
         Jennifer E. Nieman, Esq.
         FELDERSTEIN FITZGERALD WILLOUGHBY & PASCUZZI LLP
         400 Capitol Mall, Suite 1750
         Sacramento, CA 95814

              About International Manufacturing

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

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

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

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

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

The U.S. Trustee for Region 7 appointed a three-member unsecured
creditors panel comprising of Byron Younger, Janine Jones, and
Steve Whitesides.


INVERSIONES ALSACIA: To File for Chapter 11 with Prepack Plan
-------------------------------------------------------------
Inversiones Alsacia S.A. and Express de Santiago Uno S.A. on
Aug. 31 disclosed that they have entered into a Restructuring Plan
Support Agreement with an informal group of holders that,
collectively, holds more than 60% of the principal amount of the
Company's 8% senior secured notes due 2018 to restructure the
Existing Notes through a prepackaged plan of reorganization filed
under Chapter 11 in the United States.

A Company spokesperson commented, "With this agreement, the
Company expects to continue to provide uninterrupted bus services
to the citizens of Santiago and will continue to meet its
obligations to its vendors and employees, who will not be
negatively impacted in any way by the Agreement."

The Company has not experienced and does not expect to experience
any disruptions in its operations during its reorganization
process.  Specifically, the Company expects to continue to:

    * operate its full schedule of services to the citizens of
Santiago;

    * provide its employees with wages, healthcare coverage,
vacation days, and similar benefits without interruption; and

    * pay suppliers for goods and services received throughout the
reorganization process.

No other creditors or suppliers have been, or should be, affected
by the restructuring of the Existing Notes that is to be
implemented in accordance with the Plan.  The Company remains
current on all of its other obligations as of the date of this
announcement.

Under the terms and conditions of the Plan, qualified holders of
Existing Notes will receive new notes issued by the Company with a
principal amount equal to the principal amount of the Existing
Notes that they hold plus accrued and unpaid interest thereon.

The New Notes will have an initial maturity of December 31, 2018,
which may be extended in the event that the Company successfully
obtains extensions of its concessions through at least April 2021.
The New Notes will bear interest at a rate of 8.0% per annum,
which is the same as the interest rate applicable to the Existing
Notes, and will have semi-annual mandatory amortizations as set
forth in the Plan, as well as mandatory redemptions in the event
that the Company generates excess cash.  Further detail on the
terms and conditions of the New Notes is contained in the
description of notes included as an exhibit to the Plan.
Confirmation of the Plan remains subject, among other things, to
the successful solicitation of consents and confirmation by the
U.S. Bankruptcy Court for the Southern District of New York.

A copy of the Agreement, including the Plan, the description of
notes and the proposed form of cash collateral order attached
thereto, is available on the Company's website --
http://www.exps1.clor http://www.alsacia.cl-- under the heading
"Inversionistas ? Comunicados y Noticias" for both Inversiones
Alsacia S.A. and Express de Santiago Uno S.A.

                          About Alsacia

Alsacia, together with its affiliate, Express de Santiago Uno
S.A., are collectively the largest operator in the Transantiago
Transportation System, transporting approximately 800,000
passengers every day, throughout 35 communities in Santiago,
Chile, which accounts for more than 30% of the passengers in
Transantiago.

Alsacia and Express belong to an international holding company
with interests in public passenger transportation, environmental
solutions, outsourcing services and real estate development in
Chile, Colombia, Panama, Peru and the United States of America.

                           *     *     *

As reported by the Troubled Company Reporter-Latin America on
Oct. 18, 2013, Moody's Investors Service downgraded the senior
secured rating of Inversiones Alsacia S.A. to Caa2 from B2.
Moody's said the rating continues on review for possible
downgrade.


KID BRANDS: Receives Competing Offer for Kids Line and CoCaLo
-------------------------------------------------------------
Kid Brands, Inc., and its affiliates seek Bankruptcy Court
authorization to sell certain assets of Debtors Kids Line, LLC,
and CoCaLo, Inc., to Crown Crafts Infant Products, Inc., subject
to higher and better offers.

The Debtors have received a competing offer from TG Valentine,
LLC, to purchase substantially all assets of debtors Kids Line and
CoCaLo and certain intellectual property assets of debtor LaJobi,
Inc., for $8,000,000, subject to certain adjustments, all cure
amounts, the assumption of the assumed agreements, and the
assumption of post-petition obligations for postpetition contracts
of sellers assigned to purchaser.  The Debtors said the agreement
and all related documents will be filed with the Court as soon as
practicable.

Crown Crafts, Inc. on July 28 disclosed that it has entered into
an agreement to acquire, through its wholly owned subsidiary,
Crown Crafts Infant Products, Inc., the Kidsline(R) and CoCaLo(R)
brand names from subsidiaries of Kid Brands, Inc. for a cash
purchase price of $1.35 million.   The salient terms of the asset
purchase agreement with Crown Crafts are:

    (a) Purchased Assets to Be Sold: All of the following
        properties, assets, and rights of Sellers existing as of
        the Closing: (i) the trademarks, trademark applications,
        service marks, logos, slogans, trade names, and brands set
        forth in the Agreement, together with any and all
        variations thereof and all applications for any of the
        foregoing as; (ii) the internet domain names set forth on
        the Agreement; (iii) the internet media accounts, and
        associated web pages, set forth on the Agreement; and (iv)
        all goodwill directly or indirectly associated.

    (b) Excluded Assets: Nothing in the Agreement shall be deemed
        to sell,  transfer, assign, or convey the Excluded Assets
        to Purchaser, and Sellers shall retain all right, title,
        and interest to, in, and under, and all obligations with
        respect to, the Excluded Assets.  For all purposes of and
        under the Agreement, the term "Excluded Assets" means all
        assets of Sellers not specifically described in Section
        2.1 of the Agreement, including any rights of Sellers
        under the Agreement.

    (c) Assumed Liabilities; Excluded Liabilities: Purchaser shall
        assume, effective as of the Closing, all Liabilities
        arising out of Purchaser's ownership or use of the
        Purchased Assets after the occurrence of the Closing and
        Purchaser shall not assume and shall be deemed not to have
        assumed any Liabilities of Sellers of whatever nature,
        whether presently in existence or arising hereafter, known
        or unknown, disputed or undisputed, contingent or non-
        contingent, liquidated or unliquidated, or otherwise,
        other than the Assumed Liabilities.

    (d) Purchase Price: The aggregate consideration for the
        Purchased Assets shall be the sum of $1,350,000.

    (e) Closing: The closing of the purchase and sale of the
        Purchased Assets shall take place at the offices of
        Lowenstein Sandler LLP, 65 Livingston Avenue, Roseland,
        New Jersey 07068 (or at such other place as the Parties
        may designate in writing) at 10:00 a.m. (Prevailing
        Eastern Time) on the first Business Day on which all of
        the conditions set forth in Article IX of the Agreement
        have been satisfied or waived, unless another time or
        date, or both, are agreed to in writing by the Parties.

In an attempt to maximize the realizable value of the purchased
assets, the Debtors will make available information relevant to
the assets for evaluation by interested parties who have executed
a valid non-disclosure agreement.  To obtain a copy of the non-
disclosure agreement, interested parties may contact Steven J.
Fleming at steven.fleming@us.pwc.com

Any party wishing to submit a higher or otherwise better offer for
the purchased assets may submit such bid at the sale hearing.

                       About Kid Brands

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

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

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

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

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.



KID BRANDS: Order on $14MM Sale of Sassy Biz. to Angelcare Entered
------------------------------------------------------------------
The bankruptcy judge has entered an order authorizing Kid Brands,
Inc., and its affiliates to sell substantially all of the assets
of debtor Sassy, Inc., to Angelcare Monitors, Inc., and the
transfer of certain assets of certain other Debtors free and clear
of liens, claims and encumbrances, subject to higher and better
offers.  In connection with the sale, the Debtors are also
authorized to assume and assign certain executory contracts and
unexpired leases and/or transfer of designation rights.

The aggregate consideration for the Purchased Assets will be equal
to (i) the sum of $14,000,000, plus all Cure Amounts and Employee
Costs, up to the Cap Amount and with respect to Cure Amounts in
excess of the Excess Cure Cap Amount, and an amount equal to any
deposits or other payments related solely to manufacturing orders
made by Seller after the execution of the Agreement and before the
Closing Date in respect of Inventory, to the extent that Purchaser
consented to such deposits or other payments.  The Agreement also
includes the assumption of the Assumed Agreements and the
assumption of post-petition obligations for post-petition
contracts of Seller assigned to Purchaser.

The Parties understand that the Seller contends that Dean F.
Robinson is bound to a certain noncompetition agreement as a
former employee of Seller.  Seller agrees and acknowledges that
Mr. Robinson may associate with Purchaser in connection with
consummating the Transaction contemplated under the Agreement.
Seller will not assert any claim against Mr. Robinson in
connection with his involvement with Purchaser and the
Transaction.  In the event of a Termination, the Seller and Mr.
Robinson reserve any and all rights in connection with the
Sellers' assertion that Mr. Robinson is bound to any non-
competition agreement.

The Debtors contend that proposed Sale is a sound business
judgment because they seek to sell substantially all of Sassy's
assets in a single large transaction, which is the most efficient
method of sale and will generate substantially more value than a
piecemeal liquidation over a lengthy period of time.  Moreover,
although a relatively short time has elapsed since the Debtors'
chapter 11 filing, the Sale will reduce administrative expenses
and generate the best value for the Debtors' assets; therefore, it
is crucial to preserving the value of the Debtors' estates and
maximizing returns for all parties in interest.  Likewise, the
value of the Purchased Assets will decline with each additional
day of operations under the Debtors' ownership due to mounting
administrative expenses in the form of rent, personnel expenses,
and other overhead costs, and the loss of interest by potential
bidders concerned with aging goods and/or an inability to
immediately commence going concern operations in time to meet
future sales targets.

SchenkerOcean Limited and William Carter Company filed limited
objections to the proposed sale.

                       About Kid Brands

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

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

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

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

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.


KID BRANDS: U.S. Trustee Has Issues with Incentive Plan
-------------------------------------------------------
Kids Brands, Inc., and its affiliates ask the U.S. Bankruptcy
Court for authority to implement the key employee incentive plan
(KEIP).  The U.S. Trustee though has filed an objection to the
proposal.

In their motion, the Debtors explained that they made the decision
to cease operations of the Soft Home business and to liquidate the
assets comprising the Soft Home business.  To this end, on July
24, 2014, the Debtors filed a motion seeking authority to sell
substantially all Soft Home's intellectual property.  The Debtors
have also begun efforts to liquidate the Soft Home accounts
receivable and inventory.

Soft Home currently employs seven people, each of whom are
critical to the Debtors' ability to close the pending sale of
intellectual property and to liquidate the accounts receivable and
inventory.  Throughout the Chapter 11 Cases, these employees have
taken on significant additional tasks relating to the marketing,
sale and, ultimately, liquidation, of the Soft Home business.  The
Debtors' board of directors, in conjunction with the Debtors'
management and professional teams, designed a narrowly-tailored
KEIP to provide modest awards for the seven Soft Home employees to
the extent the achieve certain pre-determined performance targets,
which are intended to maximize the value of the Soft Home assets
for the benefit of the Debtors' creditors.

The proposed KEIP is a performance-based incentive plan.  As such,
it provides increasing levels of incentive payments to the
Participating Employees based upon proceeds generated from the
sale and liquidation of Soft Home's assets, including the sale of
intellectual property; collection of accounts receivable;
inventory augmentation sales; sale of inventory on hand; and
liquidation of Soft Home's Australia business.

The size of each Bonus depends upon the amount of Proceeds
received and increases progressively as the Proceeds increase.  In
no event will the aggregate Bonuses paid to all Participating
Employees be greater than 2% of the Proceeds.  In addition, each
Participating Employee must remain employed with Debtors until his
or her obligations relating to the sale of intellectual property
and the liquidation of Soft Home's assets are fulfilled.

The total amount payable under the KEIP to all Participating
Employees ranges from $140,000 in the aggregate if the minimum
threshold of $14,000,000 is achieved, to $360,000 in the aggregate
if the maximum threshold of $18,000,000 or more is achieved.  The
individual Bonuses payable under the KEIP vary by Participating
Employee in accordance with each Participating Employee's ability
to impact and influence the Proceeds thresholds achieved.  The
average award per employee under the KEIP ranges from $20,000 if
the minimum Proceeds threshold is met and $51,000 if the maximum
Proceeds threshold is met.

The Debtors worked with PwC to design the KEIP in a reasonable,
costeffective way that promotes appropriate incentives.  The
Debtors narrowly tailored their KEIP program by limiting the
Participating Employees to only Soft Home Employees who played and
continue to play a critical role in the marketing and sale of Soft
Home's intellectual property and who will be instrumental in
maximizing Proceeds from the liquidation of Soft Home's remaining
assets.

Each of the Participating Employees possesses critical
institutional knowledge about Soft Home's business operations and
is instrumental to the Debtors' efforts to liquidate Soft Home's
assets.  The Debtors require the full and active participation of
each Participating Employee during these Chapter 11 Cases in order
to timely and successfully close a sale of Soft Home's
intellectual property and liquidate Soft Home's remaining assets
and maximize the value of these assets for the benefit of the
Debtors' estates and creditors.  The KEIP is narrowly tailored and
is based on incremental value thresholds with only modest awards
for good results and incrementally larger rewards for exceptional
results.  Given that the KEIP has been carefully designed to
incentivize the Participating Employees to achieve maximum returns
for Soft Home's assets during the sale and asset liquidation
process, the Debtors submit that the KEIP is a reasonable exercise
of their business judgment and is in the best interests of their
estates, creditors and all parties-in-interest.

                  U.S. Trustee Objects to KEIP

Roberta DeAngelis, the U.S. Trustee for Region 3, states that the
Debtors are seeking authority to pay seven unnamed individuals
aggregate bonuses of between $140,000 and $360,000 on the basis
that the seven Participating Employees "have assumed added
responsibilities in connection with the marketing and sale of Soft
Home's intellectual property and the liquidation of Soft Home's
remaining assets."

Peter J. D'Auria, Esq., representing the U.S. Trustee, notes that
Section 503(c)(1) of the Bankruptcy Code places strict standards
and a significant evidentiary burden on bonus payments to insiders
of the type sought in the proposed KEIP they are for the purpose
of inducing employees to remain with the Debtors' business.  Any
bonus payments to insiders under Section 503(c)(3) may not be
retention-based but must result from benchmarks that are truly
incentive-based.  In addition, bonus payments under Section
503(c)(3) must be actual and necessary, and the Debtors must
demonstrate to the Court that the payments are justified by the
facts and circumstances of the case.

The UST submits the Motion fails to disclose the identity, job
title and job description of the seven "key" Participating
Employees, or the specifics of why each individual is essential to
maximize the results of the Debtors' pending sale efforts.  In
addition, the Motion fails to disclose what the cost to the
Debtors' estates would be on an employee by employee basis.  The
UST further submits that the Motion does not set forth adequate
information regarding the seven key employees that would allow
parties to determine which, if any, of the Participating Employees
is an insider.  The UST submits that, based on this lack of
information, the Debtors have not met their burden under
applicable law to justify the payments under the proposed KEIP.

Mr. D'Auria adds that the proposed KEIP also raises concern as to
whether it is designed primarily to induce Participating Employees
to remain in the Debtors' employ rather than to induce higher
performance by those employees.  The Motion does not provide
sufficient information regarding the degree of difficulty of
achieving the sale benchmarks of the ranges set for the proposed
tiered bonuses.

The UST submits that the Motion circumvents the restrictions and
evidentiary burdens enacted by Congress in Section 503(c) of the
Code -- provisions designed specifically to limit and restrict
retention and incentive/severance bonuses.  Therefore, the Motion
should be denied.

                       About Kid Brands

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

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

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

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

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.


KID BRANDS: Reches Settlement with Russ Companies and Amram's
-------------------------------------------------------------
Kid Brands, Inc., and its affiliates seek entry of an order
approving a settlement with Charles M. Forman, the chapter 7
trustee of the estates of The Russ Companies, Inc., and its
subsidiaries, and Amram's Distributing, Ltd., a Canadian
subsidiary of the Russ Debtors.

On April 21, 2011, the Russ Debtors each filed a petition for
relief under chapter 7 of the Bankruptcy Code.  On June 17, 2011,
an order was entered in the Russ Chapter 7 Cases which approved a
settlement by and among the Trustee, Wells Fargo Bank, as Senior
Secured Lender, Kid Brands, Inc. and Eldridge Hanes.  Under the
approved settlement, after payment in full to the Senior Secured
Lender, the Subordinated Secured Lenders will be paid:

    (a) The first $1,000,000 of Collateral liquidated by the
        Trustee shall be paid to the Subordinated Secured Lenders
        in a ratio of 97.4% to Kid Brands and 2.6% to Hanes.

    (b) Thereafter, the proceeds of the liquidation of the
        Collateral shall be distributed to the Subordinated
        Secured Lenders receiving 60% of their respective pro rata
        interest in the Collateral and the Russ Debtors' estates
        receiving 40% of the subordinated secured lenders'
        interest in the Collateral.

The obligation owed to the Senior Secured Lender has been
satisfied.

On March 12, 2012, Amram's claimed an interest in the Collateral
as a subrogee of the Senior Secured Lender and filed a secured
claim asserting an entitlement to the Collateral in the amount of
$3,628,307.87.  On November 12, 2012, the Trustee filed an
adversary proceeding in the Bankruptcy Court for the District of
New Jersey against Amram's seeking a determination that Amram's
did not have a right of subrogation or a claim against the Russ
Debtors' estates.

The Adversary Proceeding has been held in abeyance pending receipt
by the Trustee of approximately $2,200,000 from the Liquidator
appointed in the liquidation of Russ Berrie U.K., Ltd.  The
Trustee received from the Russ UK Receiver the approximate sums of
$476,000 and $2,200,000.  These funds have been and will remain
subject to fees charged by the bank in which the funds have been
deposited which fees average approximately $1,500 per month.

In addition to the receipt of funds from Russ UK, the Trustee
received the approximate sum of $1,961,662 from the liquidation of
the Russ Debtors' estates' interest in Russ Australia.  From this
amount, the Trustee paid over to the senior secured lender the sum
of $823,421.48.  These funds have been and will remain subject to
fees charged by the bank in which the funds have been deposited
which fees average approximately $1,500 per month.

The Trustee has calculated the amounts due the Subordinated
Secured Creditors totaling $1,915,3283 as follows:

(a) Liquidation of receivables for Russ Berrie US Gift: $334,719
(b) Russ Australia Pty Ltd.: $451,659
(c) Russ Berrie (U.K.), Ltd.: $1,128,950

Kid Brands' agreed to limit its unsecured claim to 50% of its
deficiency claim.  The Trustee projects a distribution to
unsecured creditors of the Russ Debtors' estates of approximately
1.5 to 2 percent of the amount of allowed claims, or between
$100,000 and $150,000.  The Trustee does not expect to make a
distribution in the Russ Chapter 7 Cases for approximately 15 to
24 months.

The Settlement Agreement provides that in consideration for the
dismissal of the Adversary Proceeding with prejudice, the Trustee
shall pay:

    (a) The sum of $1,400,000 to the Kid Brands Debtors to be paid
        as follows: (i) The sum of $700,000 immediately upon
        execution of this Agreement by all Parties; and (ii) The
        balance of $700,000 within one day of Bankruptcy Court
        approval.

    (b) The sum of $440,000 to Amram's within one day of
        Bankruptcy Court approval.

The Settlement Agreement further provides for the mutual waiver of
any claims existing between the Parties.

The Debtor submit that Settlement of the Adversary Proceeding will
compensate the Kid Brands Debtors in an expedient and efficient
manner and obviate the need for further litigation, thereby
reducing the Kid Brands Debtors' administrative expenses and
ultimately benefitting the Kid Brands Debtors' estates and their
creditors.  The Kid Brands Debtors have considered the benefit to
their estates and creditors that will be received as a result of
the settlement of the Adversary Proceeding, particularly in light
of the costs, uncertainties and risks of protracted litigation.

                       About Kid Brands

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

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

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

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

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.


KID BRANDS: Commences Adversary Proceeding vs. Allied Hill
----------------------------------------------------------
Kid Brands, Inc., has filed an adversary proceeding against Allied
Hill Enterprise, Ltd., for avoidance of liens and a declatory
judgement seeking a determination of the validity, nature, extent
and priority of liens.

On June 20, 2014, the Allied Hill filed an opposition to the
Debtors' request to access DIP financing.  Allied Hill, according
to the Debtor, improperly asserts in the objection that it has a
properly perfected lien on and security interest in Plaintiffs'
cash by way of alleged security agreements contained in Allied's
product invoices.

The Debtors note that Paragraph 7 of the Terms & Conditions of the
Invoices contains language purporting to grant Defendant a
security interest in substantially all of Plaintiffs' assets.
Paragraph 1 of the Terms & Conditions of the Invoices states, "By
accepting delivery of such Products Buyer is agreeing to these
Terms and Conditions."  The Debtors, however, point out that they
never signed or otherwise authenticated the Invoices or the
security agreements contained therein, as required by the Uniform
Commercial Code.  The Debtors did not grant and did not intend to
grant Defendant a lien on or security interest in any of
Plaintiffs' property.

Allied Hill, according to the Debtors, further asserts that on
March 4, 2014, Allied Hill filed UCC-1 Financing Statements with
the States of New Jersey and Illinois to secure debt in the amount
of $1,122,603.38.  Allied Hill also asserts that on March 10,
2014, it filed additional UCC-1 Financing Statements with the
States of New Jersey, Illinois and Michigan to secure debt in the
amount of $80,784.  Allied Hill incorrectly asserts that
Plaintiffs owe a total secured debt of $1,203,387, according to
the Debtors.

Allied Hill has asserted that it holds perfected security
interests in and/or liens against substantially all of the
Plaintiffs' assets.  But, according to the Debtors, Allied Hill
has failed to produce evidence to establish that its security
interests in and/or liens against any of the assets the Plaintiffs
were granted in accordance with the law.  The Plaintiffs' mere
acceptance of a shipment of goods is not a legally valid means of
authenticating a security agreement or granting a security
interest in Plaintiffs' property.

Accordingly, the Debtors seek a determination as to the extent and
validity of the liens asserted by Allied on the Debtors' assets.

                       About Kid Brands

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

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

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

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

Lowenstein Sandler LLP serves as the Debtors' counsel.
PricewaterhouseCoopers LLP is the Debtors' financial advisor.  GRL
Capital Advisors acts as the Debtors' restructuring advisors.
GRL's Glenn Langberg served as the Debtors' chief restructuring
officer.  Mr. Langberg also oversaw the bankruptcy and sales of
Big M Inc., operator of the Mandee and Annie Sez stores.  Rust
Consulting/Omni Bankruptcy is the Debtors' claims and noticing
agent.

Salus Capital Partners LLC and Sterling National Bank have
committed to provide up to $49 million in DIP financing to the
Debtors.


LAS TORRES DEV.: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Las Torres Development LLC
        8320 Almeda Genoa Road
        Houston, TX 77075

Case No.: 14-34883

Chapter 11 Petition Date: September 1, 2014

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

Debtor's Counsel: Leonard H. Simon, Esq.
                  PENDERGRAFT & SIMON, LLP
                  The Riviana Building
                  2777 Allen Parkway, Suite 800
                  Houston, TX 77019
                  Tel: 713-737-8207
                  Fax: 832-202-2810
                  E-mail: lsimon@pendergraftsimon.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gilberto Ramirez, Jr., co-manager.

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


LATEX FOAM: Duff & Phelps Addresses Objections to Hiring
--------------------------------------------------------
Duff & Phelps Securities, LLC, proposed investment banker for
debtors Latex Foam International, LLC, et al., responded to the
limited objections to the Debtors' application to hire D&P.

The Official Committee of Unsecured Creditors and the Connecticut
Department of Economic and Community Development objected to the
terms of retention of D&P.

D&P said that it has addressed the concerns of the Committee, DECD
and the U.S. Trustee in the revised proposed retention order.

D&P also asserted that no other investment banker is available to
perform on better terms.

As reported in the Troubled Company Reporter in July 22, 2014, the
Debtors have tapped Duff & Phelps to provide investment banking
services to the Debtors in connection with a potential financing
transaction, merger and acquisition transaction or restructuring
transaction.

Specifically, Duff & Phelps, among other things:

   a. familiarize itself to the extent it deems appropriate with
the business, operations, financial condition and prospects of the
Debtors;

   b. assist the Debtors' management in (i) developing a strategy
for pursuing the transactions, (ii) prepare a descriptive
memorandum that describes the Debtors' operations and financial
condition and includes current financial data and other
appropriate information furnished by the Debtors and (iii)
contacting and eliciting interest from those possible participants
expressly approved by the Debtors; and

   c. participate with the Debtors and their counsel in
negotiations relating to the transactions, assist or participate
in negotiations with parties-in-interest, including, without
limitation, any current or prospective creditors of, holders of
equity in, or claimants against the Debtors and their respective
representatives in connection with the transactions.

The terms of Duff & Phelps' retention and compensation includes:

   1. a consulting fee in the amount of $25,000 on the date the
engagement agreement is executed and $25,000 on the conclusion of
each of the next four 30 days periods thereafter; and

   2. upon the consummation of any transaction, the Company will
pay D&P a cash fee (the transaction fee) equal to: $750,000, plus
six percent of the consideration involved in a Transaction that
exceeds 16 million dollars, payable in cash concurrently with
closing of the transaction, subject to court approval;

In addition, the Debtors will reimburse Duff & Phelps for all out-
of-pocket expenses reasonably incurred, provided that the total
expenses will not exceed $50,000, will be paid from the proceeds
of a transaction.

According to the Debtors, as a result of prepetition work
performed for the Debtors, Duff & Phelps had a claim against the
Debtors in the amount of $75,000.  Duff & Phelps has since agreed
to waive the prepetition unsecured claim against the Debtors.

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

David Fisher, president of Latex Foam International, LLC, in a
separate filing, submitted an amended schedules and statement of
financial affairs.  A copy of the amendment is available for free
at http://bankrupt.com/misc/LatexFoam_189_amSALs.pdf

                         About Latex Foam

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

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

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

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

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

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

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


LIGHTSQUARED INC: Has Access to Cash Collateral Until Nov. 15
-------------------------------------------------------------
LightSquared Inc. received approval from U.S. Bankruptcy Judge
Shelley Chapman to continue to use the cash collateral of lenders
under a 2010 credit agreement until November 15.

A full-text copy of the court order dated August 28 can be
accessed for free at http://is.gd/NYF1ws

                     About LightSquared Inc.

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

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

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

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


LONG BEACH MOTOR: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Long Beach Motor Inn, LLC
        3915 Austin Blvd.
        Island Park, NY 11558

Case No.: 14-74032

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 1, 2014

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

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Paul Rachmuth, Esq.
                  LAW OFFICE OF ROBERT LITT
                  265 Sunrise Highway, Ste. 62
                  Rockville Centre, NY 11570
                  Tel: 516-330-0170
                  E-mail: paul@paresq.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles Goldgrub, president and
managing member.

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


LONGVIEW POWER: Trial on $825MM Coverage Dispute Set for Nov. 17
----------------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware scheduled a Nov. 17 to 21, 2014, trial on the
coverage dispute over an $825 million policy between Longview
Power, LLC, et al., MUFG Union Bank, N.A., on the one hand, and
First American Title Insurance Co., on the other hand.

Prior to the trial, Judge Shannon will convene a pre-trial
conference on Nov. 10 to 12.  Expert reports are due Oct. 3, while
rebuttal expert reports are due Oct. 10.    Expert depositions
will be conducted Oct. 13 to 24 so that pre-trial briefs must be
submitted no later than Oct. 24.  Responses to pre-trial briefs
are due Nov. 7.

To recall, the Debtors filed an adversary proceeding against First
American asking the Bankruptcy Court to declare that the
mechanics' liens asserted by Siemens Energy, Inc., Foster Wheeler
North American Corporation and Kvaerner North American
Construction Inc. against the Debtors' power facility in
Maidsville, West Virginia, and related properties are covered by a
certain policy of title insurance issued by First American.

In 2007, the Debtors entered into contracts with the Contractors
regarding the design, supply, construction, and commissioning of
the Longview Power Facility, and each of the Contractor asserted a
mechanics' lien on the facility and related properties.
Specifically, Kvaerner asserted mechanics' liens in the aggregate
amount of $242.2 million, Siemens in the amount of $93.5 million,
and Foster Wheeler in the aggregate amount of $23.6 million.

In connection with the Debtors' entry into a credit agreement that
funded the construction of the Facility, First American issued a
policy of title insurance to the Collateral Agent for the benefit
of the Debtors in the amount of $825 million.  Under the Title
Insurance Policy, First American insured against losses incurred
by the lenders resulting from certain mechanics' liens that are
senior to the liens securing the credit facility.

First American filed a complaint in the Superior Court of the
State of California, County of Orange, seeking declaratory
judgment that it does not have any obligation under the Title
Insurance Policy to insure the priority of liens arising under the
credit facility that are secured by the Debtors' Facility and
related properties.  The Debtors, joined by the Contractors and
the Plan Backstoppers, have sought and obtained a stay on the
California Action.

Judge Shannon, however, issued a memorandum opinion in early
August ruling that the question of whether coverage exists under
the Title Insurance Policy is non-core, pointing out that the
bottom line of the coverage dispute implicates state law rights
and defenses as between First American and the Collateral Agent.
Judge Shannon concluded that while the coverage dispute, which the
Debtors asserted is a crucial dispute that must be resolved in
order for their Amended Plan to take effect, is clearly "related
to" the bankruptcy proceedings, the coverage dispute, which is
between an insurer and a non-debtor, is a non-core matter.

Judge Shannon also ruled in that same decision that the Debtors'
claim for declaratory judgment regarding whether the applicable
proceeds of the Title Insurance Policy are property of the
Debtors' bankruptcy estates pursuant to Section 541 of the
Bankruptcy Code is a core claim.  This claim will be the subject
of the November trial.

A full-text copy of Judge Shannon's Aug. 12 Decision is available
at http://bankrupt.com/misc/LONGVIEWfirstam0812.pdf

                      About Longview Power LLC

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

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

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

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


MIG LLC: Creditors Committee Seeks to Tap McKenna Long as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
bankruptcy cases of MIG LLC, fka Metromedia International Group
Inc., and ITC Cellular, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Delaware to retain McKenna
Long and Aldridge LLP as its bankruptcy counsel, nunc pro tunc to
July 21, 2014

As counsel to the Creditors Committee, MLA will, among other
things:

   (a) provide legal advice with respect to the Creditors
       Committee's powers, rights, duties and obligations in the
       Debtors' bankruptcy cases;

   (b) assist and advise the Creditors Committee in its
       consultations with the Debtors regarding the
       administration of the cases;

   (c) assist the Creditors Committee in reviewing and
       negotiating terms for unsecured creditors with respect to
       the use of cash collateral, any sale of substantially all
       of the Debtors' assets and other requests; and

   (d) advise the Creditors Committee on the corporate aspects of
       the Debtors' reorganization or liquidation and
       accompanying plans.

The range of MLA's current hourly rates is:

          Partners       $405 - $700
          Counsel        $370 - $565
          Associates     $395 - $550
          Paralegals     $115 - $250

Henry F. Sewell, Jr., Esq., a partner at MLA, assures the Court
that the Firm and its partners, counsel and associates are
disinterested persons, as required by Section 328(a) of the
Bankruptcy Code.  Mr. Sewell says he will be primarily responsible
for representing the Creditors Committee and his hourly rate is
$565.

                        About MIG LLC

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

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.

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

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

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

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


MIG LLC: Gets Final Authority to Hire Natalia Alexeeva as CRO
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered a
final order authorizing MIG LLC, fka Metromedia International
Group Inc., and ITC Cellular, LLC, to employ Natalia Alexeeva as
their chief restructuring officer, nunc pro tunc to the Petition
Date.

The monthly fee of Ms. Alexeeva will not exceed $20,000 on an
interim basis, the Court ruled.  The Court added that Ms. Alexeeva
will not serve as a director of any of the Debtors during the
pendency of their bankruptcy cases.

Success fees, transaction fees or other back-end fees will be
approved by the Court at the conclusion of the case on a
reasonableness standard and are not being pre-approved by this
order, the Court ruled.

                        About MIG LLC

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

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.

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

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

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

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


MIG LLC: May Use Up to $113,500 in Operating Support Account
------------------------------------------------------------
MIG LLC and ITC Cellular, LLC, won further permission from the
U.S. Bankruptcy Court for the District of Delaware to use cash,
withdraw, or transfer funds from their Operating Support Account
solely to make disbursements of up to $102,000, in accordance with
a prepared August 2014 budget, and up to $113,500, in accordance
with a prepared September 2014 budget.

The Debtors are further authorized to use cash from the Account to
pay Court-approved compensation or reimbursement of expenses of
the Creditors Committee for its members or professionals; provided
that the total amount to be paid to the Creditors Committee from
the Account will be limited to a total of $200,000, of which a
total of $5,000 may be incurred to review and investigate the
asserted liens of the Noteholder Parties, and provided, further,
that no funds may be used to challenge any asserted liens of the
Noteholder Parties absent further Court order.

Wells Fargo is authorized to continue to service and administer
the Operating Support Account in the ordinary course of business.

The Court is set to convene another hearing on September 17, 2014,
at 3:00 p.m., Eastern Time, to consider all other relief sought in
the Bank Account Motion.  Objections are due on September 10.

                        About MIG LLC

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

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases are assigned to Judge Kevin Gross.

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

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

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

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


MINERAL PARK: Has Interim Authority to Use Cash Collateral
----------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware gave Mineral Park Inc., et al., interim authority to
use cash collateral securing their prepetition indebtedness.

As of the Petition Date, Mineral Park has this outstanding
indebtedness:

   -- Mineral Park's obligations under a credit agreement with
Societe General, as administrative agent, totaled $86,786,667 in
principal, plus accrued interest and fees.  Mineral Park also has
$16,183,108 outstanding to lenders under hedging agreements with
Societe General, Portigon AG, New York Branch, Barclays Bank PLC,
and Credit Suisse International.

   -- The face amount outstanding under the intercompany note held
by Silver Wheaton (Caymans) Ltd. pursuant to a silver purchase
agreement is $50 million.

   -- Principal obligations to Daselina Investments Ltd. on a
bridge loan total $13 million.

Debtor-affiliate Bluefish Energy Corporation has $20.8 million in
principal outstanding under a secured loan from Trafigura AG.

The final hearing is scheduled for Sept. 23, 2014, at 2:00 p.m.,
prevailing Eastern Time.  Objections are due Sept. 16.

A full-text copy of the Interim Cash Collateral Order with Budget
is available at http://is.gd/eUYqRg

                        About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

Mineral Park estimated $100 million to $500 million in assets and
debt.


MINERAL PARK: Taps Evercore Group as Investment Banker
------------------------------------------------------
Mineral Park, Inc., et al., seek authority from Judge Kevin J.
Carey of the U.S. Bankruptcy Court for the District to employ
Evercore Group L.L.C. as investment banker.

Evercore will provide the following investment banking services:

   (a) Reviewing and analyzing the Debtor's business, operations
       and financial projections;

   (b) Advising and assisting the Debtor in a sale, restructuring
       and/or financing transaction;

   (c) Advising and assisting the Debtor in a sale;

   (d) If the Debtor pursues a restructuring, providing financial
       advice in developing and implementing a restructuring,
       which would include:

       (i) Assisting the Debtor in developing a Plan;

      (ii) Advising the Debtor on tactics and strategies for
           negotiating with various stakeholders regarding the
           Plan;

     (iii) Providing testimony, as necessary, with respect to
           matters on which Evercore has been engaged to advise
           the Debtor in any proceedings under the Bankruptcy Code
           that are pending before the Court; and

      (iv) Providing the Debtor with other financial restructuring
           advice as Evercore and the Debtor may deem appropriate;
           and

   (e) If the Debtor pursues a Financing, assisting the Debtor in:

       (i) Structuring and effecting a financing;

      (ii) Identifying potential investors and, at the Debtor's
           request, contacting those investors; and

     (iii) Working with the Debtor in negotiating with potential
           investors.

Evercore will be paid $125,000 per month, and fees upon the
consummation of any transaction.  Evercore will be paid $1,000,000
upon consummation of a sale of the Debtor's assets and $1,000,000
upon consummation of a restructuring.  If a financing is
completed, Evercore will be paid 1.5% of the proceeds of the
financing.  The firm will also be reimbursed of reasonable
expenses.

During the 90 days immediately preceding the Petition Date,
Evercore received a fee payment of $125,000 and an expense
reimbursement deposit of $10,000.

Lloyd A. Sprung, a senior managing director of Evercore, assures
the Court that his 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.
Mr. Sprung, however, discloses that his firm represents Barclays
Capital Inc.; Credit Suisse Securities (USA) LLC and Credit Suisse
Asset Management, LLC; Dell Financial Services; General Electric
Capital Corporation; Blake, Cassels & Grayton LLP; AT&T Mobility;
Verizon Wireless; and Ferrellgas L.P., in matters unrelated to the
Debtors' Chapter 11 cases.

A hearing on the employment application is scheduled for Sept. 23,
2014, at 2:00 p.m. EDT.  Objections are due Sept. 16.

                        About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

Mineral Park estimated $100 million to $500 million in assets and
debt.


MINERAL PARK: Can Employ Prime Clerk as Claims & Noticing Agent
---------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Mineral Park, Inc., et al., to employ Prime
Clerk LLC as claims and noticing agent.

For its claims and noticing services, Prime Clerk will charge the
Debtors at these hourly rates:

                                    Hourly Rate
                                    -----------
     Analyst                           $45
     Technology Consultant            $100
     Consultant                       $120
     Senior Consultant                $155
     Director                         $190

For the firm's solicitation, balloting and tabulation services,
the rates are:

                                    Hourly Rate
                                    -----------
     Solicitation Consultant          $155
     Director of Solicitation         $190

                        About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

Mineral Park estimated $100 million to $500 million in assets and
debt.


MINERAL PARK: Obtains Court OK to Pay $2-Mil. to Critical Vendors
-----------------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware authorized Mineral Park, Inc., et al., to pay critical
vendor claims upon reaching an understanding with an individual
critical vendor that that critical vendor is to continue supplying
goods or services to the Debtors on the most favorable terms and
practices that existed between that Critical Vendor and the
Debtors in the one-year period prior to the Petition Date.

The Debtors' payment of the Critical Vendor Claims is limited to
not more than $2,000,000.

                        About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

Mineral Park estimated $100 million to $500 million in assets and
debt.


MT LAUREL LODGING: Can Access Cash Collateral Until December 31
---------------------------------------------------------------
The United States Bankruptcy Court for the Southern District of
Indiana approved a second agreed supplement to the final order
authorizing Mt. Laurel Lodging Associates, LLP's use of cash
collateral until December 31, 2014.

The agreement to extend cash collateral use was entered between
the Debtor and its secured lender, National Republic Bank of
Chicago.  All other terms and conditions of the final cash
collateral will remain in full force and effect.

Judge Robyn L. Moberly directed the Debtor to make an additional
adequate protection payment to NRB in the amount of $53,251 by
September 2, 2014, the allocation of which will be subject to
further Court order.

A copy of the budget and the first supplemental budget is
available for free at:

      http://bankrupt.com/misc/MTLAUREL_Budget_12312014.pdf

A hearing on the Debtor's further access to the cash collateral
will be held on December 29, 2014 at 1:30 p.m., Eastern Time.

                    About Mt. Laurel Lodging

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

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

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


MT LAUREL LODGING: Plan Exclusivity Period Extended to October 13
-----------------------------------------------------------------
Mt. Laurel Lodging Associates, LLP, sought and obtained an order
extending its exclusive period within which it may file a plan of
reorganization to October 13, 2014.  The Debtor's exclusive period
within which it may obtain acceptance of that plan is extended to
December 12, 2014.

In its motion, the Debtor asserted that it continues to engage in
discussions with its secured lender, The National Republic Bank of
Chicago, to resolve the case.  Consequently, the Debtor and NRB
need additional time to finalize their global resolution and the
Debtor requires additional time to modify the plan and disclosure
statement it has drafted, Michael P. O'Neil, Esq., at Taft
Stettinius & Hollister LLP, in Indianapolis, Indiana --
moneil@taftlaw.com -- told the United States Bankruptcy Court for
the Southern District of Indiana.

                    About Mt. Laurel Lodging

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

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

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


NATCHEZ REGIONAL: Committee Says Plan Outline Lacking Information
-----------------------------------------------------------------
The Official Unsecured Creditors Committee in the Chapter 11 case
of Natchez Regional Medical Center said that Natchez needs to
provide more information regarding its proposed Plan of
Adjustment.

The Creditors Committee argues that the Disclosure Statement, as
drafted, fails to meet the requisite adequate information test.
The Disclosure Statement, it points out, fails to adequately
advise unsecured creditors in a clear concise fashion as to what
the Debtor believes unsecured creditors will receive under the
Plan.

The Disclosure Statement, the Committee adds, fails to point out
that the Debtor has had a pattern over the last couple of months
of discovering that its projected financial information is
materially inaccurate.

As reported in the Troubled Company Reporter on Aug. 13, 2014,
according to the explanatory disclosure statement, the Debtor has
filed a Plan of Adjustment that designates five classes of Claims,
which take into account the differing nature and priority under
the Bankruptcy Code of the various Claims.  Pursuant to the Plan,
the Debtor ultimately will be dissolved.  A Liquidating Trust will
be established which will become responsible for the collection
and liquidation of the remaining assets of the Hospital after the
Allowed Claims of the Secured Creditors are paid.

The proposed classification and treatment of classified claims
are:

     A. Class 1 (Secured Claim of Regions Bank) - Upon the Sale of
        the Hospital, the amount necessary to defease the Bonds
        will be deposited with the Bond Escrow Agent and invested
        and applied pursuant to the Bond Escrow Agreement to pay
        debt service on the Bonds until July 1, 2016 and to redeem
        the Bonds on July 1, 2016.  This amount necessary to
        defease the Bonds includes the purchase price of the SLGS
        (and the initial Cash deposit) necessary to fund the Bond
        Escrow Fund and thereby provide for the defeasance of the
        Bonds as required under the Indenture.  The total amount
        necessary to fund the Bond Escrow Fund is estimated to be
        $15,100,580, which estimated amount to fund the Bond
        Escrow Fund to be funded through proceeds from the Sale of
        the Hospital (including the Prepaid Taxes) and amounts
        held by the Indenture Trustee in the Debt Service Reserve
        Fund and the General Account of the General Fund.
        Additional closing costs related to the defeasance of the
        Bonds are estimated to be $125,000.  The amounts necessary
        to defease the Bonds set forth above are estimates
        calculated as of July 29, 2014 and include costs of escrow
        necessary to fund negative arbitrage from September 30,
        2014 through July 1, 2016.

     B. Class 2 (Secured Claim of United Mississippi Bank) - Class
        2 will be paid in full in the amount of its Allowed Claim.

     C. Class 3 General Unsecured (Convenience Claims) - Consists
        of the Holders of General Unsecured Claims against the
        Hospital that are equal to or less than $1,000, or Holders
        of General Unsecured Claims in excess of $1,000 who elect
        to reduce the amount of their General Unsecured Allowed
        Claims to $1,000.  Holders of an Allowed Class 3 Claim
        will be paid in full in the amount of its Allowed Claim.

     D. Class 4 (Unsecured Claims) - Each Holder of an Allowed
        Class 4 Claim will receive its Pro Rata share of the
        payments received by the Liquidation Trust on account of
        Cash realized from the collection and liquidation of
        accounts receivable and the other remaining assets of the
        Hospital after the payment of all Allowed Administrative
        Claims and all Allowed Claims of Classes 1, 2, and 3.

     E. Class 5 (Tort Claims and Employment Claims) - If there is
        no General Liability Insurance Coverage for any aspect of
        the Tort Claim, the Tort Claim will be treated as a Class
        4 Claim.  If there is no EPLI Coverage for any aspect of
        the Employment Claim, the Employment Claim will be
        treated as a Class 4 Claim.

The approved schedule provides for an Aug. 26, 2014 hearing on the
adequacy of the information in the disclosure statement and a
hearing Sept. 25 to 26, 2014, beginning at 10:30 a.m. Central
Time, to consider confirmation of the Plan.

A copy of the disclosure statement explaining the Debtors' Plan of
the Adjustment of Debts dated Aug. 4, 2014, is available for free
at http://bankrupt.com/misc/NATCHEZREGIONAL_369_ds.pdf

                        About Natchez Regional

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

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

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

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

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


NEW LIFE INT'L: Okayed to Sell Digital Assets
---------------------------------------------
The Hon. Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized New Life International to
sell its ownership interest in its wholly-owned subsidiary, New
Life Digital Media, LLC, outside the ordinary course of business,
and to disburse the proceeds of sale.

As reported in the TCR on Aug. 20, 2014, Bill Rochelle, the
bankruptcy columnist for Bloomberg News, reported that the Debtor
received tentative approval of its Chapter 11 liquidating plan,
subject to further review by the state attorney general.  The
bankruptcy judge in Nashville gave the Tennessee attorney general
until Aug. 26 if he chooses to pursue a renewed objection to the
confirmation of the plan so that a hearing can be held on Sept. 2.
If the attorney general doesn't file a renewed objection by the
deadline, New Life can give the judge an order to sign that
"unconditionally" confirms the plan, the report related.

                         About New Life

New Life International, a religious corporation originally
incorporated under the name "World Bible Society", sought Chapter
11 bankruptcy protection (Bankr. M.D. Tenn. Case No. 13-bk-10974)
in Nashville, Tennessee, on Dec. 31, 2013.

The Debtor disclosed $44,651,301 in assets and $46,362,805 in
liabilities as of the Chapter 11 filing.

NLI's sources of revenue include donations of goods, money and
other property, investment earnings, sale of Christian-themed
merchandise and earnings from other real estate and operating
entities.  Other names used by the Debtor are the National
Community Foundation, The New Life Group, and Band Angels.

The Debtor has tapped Gullett Sanford Robinson & Martin, PLLC as
attorneys and Kraft CPAs Turnaround & Restructuring Group, PLLC,
as financial consultant.

The U.S. Trustee for Region 8 appointed an official committee of
unsecured creditors consisting of Robert T. Abbotts, Dorothy F.
Mack, James D. Rice, Richard M. Taylor, and Sharon L. Upton-Rice.
Bradley, Arant, Boult, Cumming LLP serves as counsel to the
Committee.


NNN 3500 MAPLE 26: Amends Disclosures for Chapter 11 Plan
---------------------------------------------------------
NNN 3500 Maple 26, LLC, et al., submitted to the Bankruptcy Court
an Amended Disclosure Statement explaining the Debtors' Joint
Chapter 11 Plan dated Aug. 26, 2014.

According to the Amended Disclosure Statement, the Debtors are
jointly and severally liable on all claims.  Accordingly, the
Debtors do not intend to solicit acceptances on a separate Debtor-
by-Debtor basis.  Confirmation of the Debtors' Plan will apply to
all Debtors, collectively.

The Plan provides for a 100% estimated recovery to all creditors
as:

   Classes 1A - AA - Secured Tax Claims (estimated amount: $0)

   Classes 2A - AA - Secured Claim of the Trust (estimated amount:
                     $54,580,280)

   Classes 3A - AA - Claim of Comm-Fit, L.P. (estimated amount:
                     $8,159)

   Classes AA - AA - Claim of Jemm Investments, Inc. (estimated
                     amount: $52,991)

   Classes 6A - AA - Unsecured (General) Claims (estimated amount:
                     $781,513)

   Classes 7A - AA - TIC Interests in the Property -- holders will
                     receive a cash payment equal to the product
                     of such TIC's original ownership percentage
                     in the property multiplied by the surplus.

As of the Effective Date, ownership of the assets of each Debtor's
estate will vest in the Debtor free and clear of all liens and
claims and all rights, title and interests.

The payments to be made to creditors under the Plan will be funded
from the proceeds.  The proceeds will be used to fund, inter alia,
payment of allowed administrative expenses and allowed claims.
The payments to be made to TICs will be funded from the surplus.

A copy of the Amended Disclosure Statement is available for free
at http://bankrupt.com/misc/NNN3500_1013_amendedDS.pdf

                   About NNN 3500 Maple Entities

NNN 3500 Maple 26, LLC, based in Costa Mesa, Calif., filed for
Chapter 11 bankruptcy (Bankr. C.D. Calif. Case No. 12-23718) on
Nov. 30, 2012.  Judge Scott C. Clarkson presided over the case.
In its schedules, the Debtor disclosed $45,563,241 in total assets
and $46,658,593 in total liabilities.

On Jan. 23, 2013, the California Bankruptcy Court entered an order
transferring venue of the bankruptcy case to the U.S. Bankruptcy
Court for the Northern District of Texas (Case No. 13-30402).
Judge Harlin DeWayne Hale in Dallas presides over the case.

On Aug. 29, 2013, 26 other affiliates filed separate Chapter 11
petitions.  These entities are: NNN 3500 Maple 1, LLC, NNN 3500
Maple 2, LLC, NNN 3500 Maple 3, LLC, NNN 3500 Maple 4, LLC, NNN
3500 Maple 5, LLC, NNN 3500 Maple 6, LLC, NNN 3500 Maple 7, LLC,
NNN 3500 Maple 10, LLC, NNN 3500 Maple 12, LLC, NNN 3500 Maple 13,
LLC, NNN 3500 Maple 14, LLC, NNN 3500 Maple 15, LLC, NNN 3500
Maple 16, LLC, NNN 3500 Maple 17, LLC, NNN 3500 Maple 18, LLC, NNN
3500 Maple 20, LLC, NNN 3500 Maple 22, LLC, NNN 3500 Maple 23,
LLC, NNN 3500 Maple 24, LLC, NNN 3500 Maple 27, LLC, NNN 3500
Maple 28, LLC, NNN 3500 Maple 29, LLC, NNN 3500 Maple 30, LLC, NNN
3500 Maple 31, LLC, NNN 3500 Maple 32, LLC, and NNN 3500 Maple 34.

Each Debtor holds an ownership interest as a tenant in common in
an 18-story commercial office building commonly known as 3500
Maple Avenue, Dallas, Texas 75219.

These TICs have not filed for bankruptcy: NNN 3500 Maple 0, LLC,
NNN 3500 Maple 8, LLC, NNN 3500 Maple 9, LLC, NNN 3500 Maple 11,
LLC, NNN 3500 Maple 25, LLC, and NNN 3500 Maple 35, LLC.

Bankruptcy Judge Harlin DeWane Hale denied confirmation of two
competing reorganization plans filed in the Chapter 11 cases of
NNN 3500 Maple 26 LLC and its affiliated debtors.

The Plan is to be funded by an $8.5 million "Cash Infusion" and
"Additional Equity Contributions" of around $10 million.  Under
the Debtors' Plan, the building will undergo substantial
rehabilitation.

The Plan propose by Strategic Acquisition Partners, LLC, a party
that acquired a claim in the case, similar to the Debtors', in an
attempted cure and restatement, will replace the Borrower with
NewCo under the Loan Documents.  NewCo will be divided into Class
A and Class B membership interests.

An official creditors' committee has not been appointed in this
case.  Neither a trustee nor an examiner has been appointed.

The Debtors are represented by Michelle V. Larson, Esq., at
ANDREWS KURTH LLP, and Jeremy B. Reckmeyer, Esq., at ANDREWS KURTH
LLP.

Strategic Acquisition Partners LLC is represented by Joseph J.
Wielebinski, Esq., Davor Rukavina, Esq., Zachery Z. Annable, Esq.,
and Thomas D. Berghman, Esq., at MUNSCH HARDT KOPF & HARR, P.C.

William B. Finkelstein, Esq., Esq., and Jeffrey R. Fine, Esq., at
DYKEMA GOSSETT PLLC serve as counsel to Maple Avenue Tower, LLC.


OVERSEAS SHIPHOLDING: Must Pay Interest on Unpaid Interest
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, reported that Judge Peter J.
Walsh of the U.S. Bankruptcy Court for the District of Delaware
signed an order on Aug. 21 telling Overseas Shipholding Group Inc.
to pay $2.2 million to holders of $250 million in 7.5 percent
notes and the 8.75 percent debentures that were reinstated under
the Chapter 11 reorganization plan implemented on Aug. 5.
According to the report, Judge Walsh agreed with the Official
Committee of Unsecured Creditors' argument that the company was
obliged to pay interest on overdue interest.

                   About Overseas Shipholding

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

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

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

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

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

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

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

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

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

                          *     *     *

The Troubled Company Reporter, on Aug. 14, 2014, reported that
Moody's Investors Service assigned Caa1 ratings to the unsecured
notes of Overseas Shipholding Group, Inc. ("OSG") that are being
reinstated pursuant to its plan of reorganization which becomes
effective. Moody's also affirmed the B2 Corporate Family Rating
and all of the other debt ratings it assigned to OSG on June 12,
2014 in anticipation of the conclusion of the Chapter 11
reorganization. The rating outlook is stable.

The TCR, on Aug. 19, 2014, also reported that Standard & Poor's
Ratings Services assigned its 'B' corporate credit rating to
Overseas Shipholding Group Inc. (OSG). The outlook is stable.


RANDHURST HOTEL: Files Ch. 11 to Stop Eviction
----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, reported that Randhurst
Hotel Partners LLC, the operator of the Hampton Inns & Suites in
Mount Pleasant, Illinois, filed a Chapter 11 petition in Chicago
to prevent the owner of the hotel from terminating a lease that
was in default.  According to the report, assets total less than
$10 million, and debt exceeds $10 million.

The case is In re Randhurst Hotel Partners LLC, 14-bk-31480, U.S.
Bankruptcy Court, Northern District Illinois (Chicago).


REVEL AC: Closure Marks End of NJ City's Reliance on Gambling
-------------------------------------------------------------
Josh Dawsey, writing for The Wall Street Journal, reported that
the closing of the Revel casino and hotel, plus two other casinos
in the same area, marks the end of Atlantic City, New Jersey's
decades-long reliance on gambling to stay afloat.  According to
the report, the city is bracing itself for the loss of more than
6,000 jobs at the Revel, Showboat and Trump Plaza, and collateral
damage as businesses and the city itself cope with the aftermath.

The Journal said more than $30 million of annual property-tax
revenue come from the three casinos, which represents about 15% of
Atlantic City's budget.  Mayor Don Guardian told the Journal that
the city would have to cut hundreds of employees and slash the
city budget to make up for the losses, and will also be proposing
a 29% property tax increase for homeowners.

                           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: U.S. Trustee Appoints GRGAC to Creditors' Committee
-------------------------------------------------------------
The U.S. Trustee for Region 3 on August 28 appointed GRGAC 1, LLC
as new member of Revel AC Inc.'s official committee of unsecured
creditors.

The unsecured creditors' committee is now composed of:

     (1) A&M Industrial
         37 West Cherry Street
         Rahway, NJ 07065
         Tel.: 732-574-1111
         Fax: 732-396-9490
         Attn: Joshua Goldstein

     (2) Atlantic City Alliance
         2301 Boardwalk
         Atlantic City, NJ 08401
         Tel.: 609-707-9636
         Fax: 609-348-7059
         Attn: Elizabeth B. Cartmell

     (3) National Union Fire Ins.
         of Pittsburgh, PA, et al.
         175 Water Street, 15th Floor
         New York, NY 10038
         Tel.: 973-402-2841
         Fax: 973-331-8598
         Attn: Ryan G. Foley, Esq.
               Co-chairperson

     (4) The Media & Marketing Group
         220 Laurel Road
         Voorhees, NJ 08043
         Tel.: 609-670-4009
         Fax: 856-385-7155
         Attn: Frank Palmieri

     (5) ACR Energy Partners, LLC
         5429 Harding Highway,
         Building 500
         Mays Landing, NJ 08330
         c/o Ann Anthony
         South Jersey Industries Inc.
         Tel.: 609-561-9000 x 4143
         Fax: 609-561-8225

     (6) GRGAC 1, LLC
         d/b/a Amada, a/d/b/a Yuboka
         2401 Walnut Street
         Suite 300
         Philadelphia, PA 19103
         Tel.: 267-284-7900
         Fax: 267-284-7907
         Attn: Robert W. Keddie. III, Esq.

                           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.


RIVERHOUND EVENT: Submits Reorganization Plan
---------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
Riverhounds Event Center, LP, the owner of the Highmark Stadium
where the Pittsburgh Riverhounds professional soccer team plays,
asked a judge to approve bankruptcy exit plans for each of the
team and the stadium -- that would allow Terrance "Tuffy"
Shallenberger Jr. to become their sole owner.  According to the
report, a preliminary hearing on the plans sponsored by Mr.
Shallenberger, which currently owns a 51% stake in the two
partnerships that own the team and the stadium, has been scheduled
for Sept. 26.

The cases are In re Riverhounds Event Center LP, 14-bk-21180, and
In re Riverhounds Acquisition Group LP, 14-bk-21181, U.S.
Bankruptcy Court, Western District Pennsylvania (Pittsburgh).

The Debtors' counsel is John M. Steiner, Esq., and Crystal H.
Thornton-Illar, Esq., at LEECH TISHMAN FUSCALDO & LAMPL LLC, in
Pittsburgh, Pennsylvania.


SEA SHELL COLLECTIONS: Court Imposes Automatic Stay on Receiver
---------------------------------------------------------------
The Bankruptcy Court imposes the automatic stay on Robert R. Bell,
the state court receiver, with respect to the Chapter 11 case of
Sea Shell Collections, LLC. Mr. Bell, according to the Court, will
not take any action with respect to Sea Shell or any property of
the bankruptcy estate.

The ruling relates to a request by Stabilis Master Fund III, LLC,
to permit the state court receiver to remain in possession of a
property that is part of Sea Shell's bankruptcy estate.

Sea Shell opposed Stabilis' request and believes that an
evidentiary hearing will be necessary.

Jeffery J. Hartley, Esq., at Helmsing, Leach, Herlong, Newman &
Rouse, P.C., in Mobile, Alabama, argued that if Sea Shell cannot
have access to all of its assets during the initial breathing
spell afforded all debtors early in a case, substantial weight is
added to its burden of attempting to reorganize and promulgate an
acceptable plan of reorganization.

Sea Shell is represented by:

     Jeffery J. Hartley
     Christopher T. Conte
     HELMSING, LEACH, HERLONG, NEWMAN & ROUSE, P.C.
     Post Office Box 2767
     Mobile, AL 36652
     Tel: (251) 432-5521
     Fax: (251) 432-0633
     E-mail: jjh@helmsinglaw.com
            ctc@helmsinglaw.com

Stabilis is represented by:

     John H. Adams, Esq.
     EMMANUEL SHEPPARD & CONDON
     30 South Spring Street
     Pensacola, FL 32502
     Telephone: (850) 433-6581
     Facsimile: (850) 434-7163
     E-mail: jha@esclaw.com

                    About Sea Shell Collections

Sea Shell Collections, LLC, owner of a Publix-Anchored shopping
Center development located in Gulf Breeze, Florida, at the
northeast corner of Highway 98 and Daniel Drive, filed a Chapter
11 bankruptcy petition (Bankr. N.D. Fla. Case No. 14-30813) on
July 29, 2014.

Judge William S. Shulman presides over the case.  Helmsing, Leach,
Herlong, Newman & Rouse, P.C., serves as the Debtor's counsel.

The Debtor disclosed $23,354,955 in assets and $25,121,011 in
liabilities in its schedules.


SEA SHELL COLLECTIONS: Court Allows Interim Use of Cash Collateral
------------------------------------------------------------------
Sea Shell Collections, LLC, sought and obtained the Bankruptcy
Court's authority to use cash collateral of Stabilis Master Fund
III, LLC, pending the result of an evidentiary hearing. Sea Shell
anticipates to use about $90,512 per month of cash collateral to
pay its ordinary and necessary business expenses.

Stabilis is the senior secured lender and holder of a mortgage
executed by Sea Shell in favor of Stabilis' predecessor-in-
interest, Synovus Bank, in connection with a property at Gulf
Breeze Parkway, in Gulf Breeze, Florida.

Stabilis has opposed the request to use its cash collateral
arguing that it is incumbent upon Sea Shell to demonstrate to the
Court that its interests are adequately protected.

Sea Shell proposed to give a replacement lien on all property that
is of the same nature and type as the petition collateral or the
rents derived from the property. John H. Adams, Esq., at Emmanuel
Sheppard & Condon, in Pensacola, Florida, pointed out that Sea
Shell cannot adequately protect Stabilis by giving a replacement
lien on assets on which it already has a lien.

                    About Sea Shell Collections

Sea Shell Collections, LLC, owner of a Publix-Anchored shopping
Center development located in Gulf Breeze, Florida, at the
northeast corner of Highway 98 and Daniel Drive, filed a Chapter
11 bankruptcy petition (Bankr. N.D. Fla. Case No. 14-30813) on
July 29, 2014.

Judge William S. Shulman presides over the case.  Helmsing, Leach,
Herlong, Newman & Rouse, P.C., serves as the Debtor's counsel.

The Debtor disclosed $23,354,955 in assets and $25,121,011 in
liabilities in its schedules.


SEAN DUNNE: Drops Bankruptcy Effort in the U.S.
-----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, reported that Sean Dunne,
the Irish real estate developer, has filed papers asking the U.S.
Bankruptcy Court in Bridgeport, Connecticut, to dismiss his
Chapter 7 case, saying he can't afford the cost of litigating with
creditors who are opposing his right to a release from all debt.
According to the report, the request for dismissal came after the
U.S. trustee and creditors began using the Bridgeport court to
investigate what the trustee called 100 million euros ($132.82
million) in transfers of assets to Mr. Dunne's wife since their
marriage in 2004.

                          About Sean Dunne

Irish real estate developer Sean Dunne filed a liquidating
Chapter 7 bankruptcy petition (Bankr. D. Conn. Case No. 13-50484)
on March 30, 2013, in Bridgeport, Connecticut.  Mr. Dunne says he
now lives and works in Connecticut.

Mr. Dunne said he filed for bankruptcy in the U.S. because Ulster
Bank was applying to an Irish court for permission to commence
bankruptcy proceedings there.

The formal lists of property and debt Dunne filed in May in the
U.S. court shows assets with a total claimed value of $55.2
million and liabilities totaling $942.2 million.  The assets
include $40.8 million of real estate, all in Ireland. Among the
$280.2 million in secured creditors and $612.2 million in
unsecured creditors, almost all are in Ireland.


SUPER BUY FURNITURE: U.S. Trustee Appoints Creditors' Committee
---------------------------------------------------------------
The U.S. Trustee for Region 21 appointed seven creditors of Super
Buy Furniture, Inc. to serve on the official committee of
unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) BB Bedding d/b/a Bassett Bedding
         c/o Julio Rinc˘n - VP Marketing & Sales
         PO Box 587
         Saint Just, PR 00978
         Tel: (787) 717-4032
         Fax: (787) 760-0175
         E-mail: bassett@caribe.net

     (2) P.F. Stores, Inc.
         c/o Israel Kopel Amster - President
         Edificio Kodak
         Ave. Campo Rico, Esq. Calle 246
         Carolina, PR 00982; or
         PO Box 190839
         San Juan, PR 00919
         Tel: (787) 641-8200
         E-mail: jlperez@pitusa.com

              -- and --

         Rosendo E. Miranda L˘pez, Esq.
         PO Box 192096
         San Juan, PR 00919-2096
         Tel: (787) 724-3393
         Fax: (787) 723-6774
         E-mail: r.miranda@rmirandalex.net

     (3) Arco Publicidad, Corp.
         c/o Damaris P'rez - VP & CEO
         1095 Ave. Wilson
         Cond. Puerta del Condado, PH
         San Juan, PR 00907
         Tel: (787) 724-5219

              -- and ?-

         Carlos R. Hern ndez Vivoni, Esq.
         Hacienda San Jos'
         Vˇa Medieval SJ 196
         Caguas, PR 00727
         Tel: (787) 607-4041
         E-mail: chernandez@wblawpr.com

     (4) Holland House
         c/o Tim Rowe - Corporate Credit Manager
         The H.T. Hackney Co.
         PO Box 238
         Knoxville, TN 37901
         Tel: (865) 546-1291
         Fax: (865) 546-1501
         E-mail: tim.rowe@hthackney.com

     (5) Jackeline Montero Berroa
         PO Box 523
         Pe¤uelas, PR 00624
         Tel: (787) 527-7520
         Fax: (787) 836-1710
         E-mail: jackytravel1005@yahoo.com

     (6) Flair Enterprises, Inc.
         c/o Mo Rahman - Financial Controller
         3916 - 72nd Ave. S.E.
         Calgary, AB T2C 2E2
         Tel: (403) 219-1006, ext. 22
         Fax: (403) 291-1068
         E-mail: mo.rahman@minhasfurniture.ca

              -- and --

         Robert T. Collins, Esq.
         Suite 201, Ochoa Building
         500 Tanca Street
         San Juan, PR 00901
         Tel: (787) 977-3772
         Fax: (787) 977-3773
         E-mail: rtc@fccplawpr.com

     (7) Whirlpool Corporation
         c/o Jorge Su rez - District Manager
         6205 Blue Lagoon Dr., Suite 400
         Miami, FL 33126
         Tel: (786) 275-2090
         E-mail: jorge_suarez@whirlpool.com

              -- and --

         William Santiago Sastre, Esq.
         PO Box 1801
         Sabana Seca, PR 00952-1801
         Tel: (787) 448-7032
         Fax: (787) 622-3941
         E-mail: wsantiagosastre@gmail.com

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

                    About Super Buy Furniture

Super Buy Furniture, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 14-05523) on July 3, 2014.  The petition
was signed by Carlos N. Berrios Casillas as president.  O'Neill &
Borges, LLC, serves as the Debtor's counsel.  CPA Luis R.
Carrasquillo & Co. P.S.C. acts as the Debtor's financial
consultant.  The Debtor disclosed total assets of $18.2 million
and total liabilities of $26.7 million.


TLC HEALTH: Court Extends Plan Exclusivity to December 2014
-----------------------------------------------------------
The Bankruptcy Court, at TLC Health Network's behest, extends the
Debtor's exclusive period to file a Chapter 11 plan to December
12, 2014, and exclusive period to solicit plan acceptances to
February 13, 2015.

Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C., in
Syracuse, New York, noted that the extension is essential in the
context of TLC Health's financial position and the complexities
associated with transitioning from a plan of sale to
reorganization.

Section 1121(d) of the Bankruptcy Code permits the Court to extend
a debtor's exclusive periods upon a demonstration of cause.

Mr. Dove explained that TLC Health requires additional time for
several reasons. It needs time to develop a business plan. A
commitment for funding to permit TLC Health to operate through the
first quarter of 2015 has recently been received and it may now
devote its attention to preparing a business plan and
reorganization plan.

TLC Health's management worked with a financial advisor to provide
financial projections and reports, completed construction of an
urgent care facility, has attempted to achieve a sale of its
assets, and has secured a commitment for state funding that will
enable it to operate while it formulates a plan to continue to
offer healthcare services to the people of western New York.

Mr. Dove pointed out that the results of these efforts will
determine the structure of the plan, including the amount and
duration of any payout to the creditors. TLC Health expects to
continue to work with the official committee of unsecured
creditors to discuss the options for a plan and the strategy for
maximizing the return to creditors.

                   About TLC Health Network

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

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

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

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


TLC HEALTH: Obtains $7.3 Million Grant Funding From DOH
-------------------------------------------------------
TLC Health Network sought and obtained the Bankruptcy Court's
authority to receive grant funding under an Interim Access
Assurance Fund administered by the New York Department of Health.

While TLC Health is modifying its operations and performing a
financial analysis of each service line, it continued to lose
money on operations, and did not have the capital resources to
operate absent additional funding.

TLC Health applied for grant funding for $7.3 million. The funding
would be made available on an as-needed basis through March 2015.

Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C., in
Syracuse, New York, clarified that TLC Health will be required to
ensure that protections are in place so that the funds are used
only to bridge operational shortfalls, and are not used to make
capital acquisitions or to repay existing debt obligations.

The IAAF, part of the Delivery System Reform Incentive Payment, is
a grant program authorized under the $8 billion Medicaid 1115
waiver. The stated purpose of the IAAF is to assist safety net
hospitals in severe financial distress and major public hospital
systems to sustain key health care services as they participate
with other providers to develop proposals for systems of
integrated services delivery to be funded and implemented under
the DSRIP.

The temporary funding available through the IAAF is designed to
enable recipient hospitals to work toward sustainable operations
and to maintain critical services to surrounding communities as
the recipient hospitals work with other partner providers to
develop integrated performing provider systems eligible for DSRIP
funding.

As part of the qualifications of the IAAF program, TLC Health
extricated itself from its parent Lake Erie Regional Health System
of New York's corporate structure so that its financial resources
and challenges are not attributed to the parent.

The official committee of unsecured creditors supported TLC
Health's request to receive IAAF funding.

TLC Health is represented by:

     Jeffrey A. Dove, Esq.
     MENTER, RUDIN & TRIVELPIECE, P.C.
     308 Maltbie Street, Suite 200
     Syracuse, NY 13204-1439
     Telephone: (315) 474-7541
     Facsimile: (315) 474-4040

The official committee of unsecured creditors is represented by:

     Stephen A. Donato, Esq.
     Sara C. Temes, Esq.
     BOND, SCHOENECK & KING, PLLC
     One Lincoln Center
     Syracuse, NY 13202
     Phone: (315) 218-8000
     Facsimile: (315) 218-8100

                   About TLC Health Network

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

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

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

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


UNIVERSAL COOPERATIVES: Assets Sold to BCHU for $22.5-Mil.
----------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized Universal Cooperatives, Inc., et
al., to sell substantially all of their assets to BCHU Acquisition
LLC for about $22.5 million in cash plus assumption of specified
liabilities.  Among the assets to be sold will be the Bridon
baler-twine unit and the Heritage livestock-equipment distributor.

Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, reported that BCHU, which
served as the so-called stalking horse, initially offered $16
million in cash plus assumption of specified liabilities for the
assets.  During the Aug. 20 auction, BCHU increased its bid by
about 63% percent in value, the report said.

                   About Universal Cooperatives

As an inter-regional farm supply cooperative, Universal
Cooperatives, Inc. consolidates the purchasing power of its
members to procure, and/or manufacture, and distribute high
quality products at competitive prices. Universal has 14 voting
members and over 50 associate members.

Eagan, Minnesota-based Universal Cooperatives and its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 14-
11187) on May 11, 2014.  The debtor-affiliates are Heritage
Trading Company, LLC; Bridon Cordage LLC; Universal Crop
Protection Alliance, LLC; Agrilon International, LLC; and Pavalon,
Inc.  UCI do Brasil, a majority-owned subsidiary located in
Brazil, is not a debtor in the Chapter 11 cases

The cases are assigned to Judge Mary F. Walrath.

Universal estimated $1 million to $10 million in assets and $10
million to $50 million in debt.  Heritage estimated less than $10
million in assets and debt.

The Debtors have tapped Travis G. Buchanan, Esq., Robert S. Brady,
Esq., Andrew L. Magaziner, Esq., and Travis G. Buchanan, Esq., at
Young Conaway Stargatt & Taylor, LLP; and Mark L. Prager, Esq.,
Michael J. Small, Esq., and Emil P. Khatchatourian, Esq., at Foley
& Lardner LLP, as counsel; The Keystone Group, as financial
advisor and Prime Clerk as notice and claims agent.

Bank of America, N.A., as agent for the DIP Lenders, is
represented by Daniel J. McGuire, Edward Kosmowski, Esq., and
Gregory M. Gartland, Esq., at Winston & Strawn, LLP.

The United States Trustee for Region 3 has appointed seven members
to the Official Committee of Unsecured Creditors, which is
represented by Sharon Levine, Esq., Bruce S. Nathan, Esq., and
Timothy R. Wheeler, Esq., at LOWENSTEIN SANDLER LLP, in Roseland,
New Jersey; and Jamie L. Edmonson, Esq., and Daniel A. O'Brien,
Esq., at VENABLE LLP, in Wilmington, Delaware.


VAIL LAKE: Ask Court for 90-Day Extension of Exclusive Periods
--------------------------------------------------------------
Vail Lake Rancho California, LLC, and its debtor affiliates ask
the Court to extend their exclusive periods to file a Chapter 11
plan to October 1, 2014, and exclusive periods to solicit plan
acceptances to December 1, 2014.

J. Barrett Marum, Esq., at Sheppard, Mullin, Richter & Hampton
LLP, in San Diego, California, relates that Vail Lake previously
sought three extensions of their exclusivity periods, which were
necessary to stabilize their cases, conduct the diligence
necessary to formulate a plan for them to operate during the
bankruptcy cases and negotiate with the most important
constituencies, and to commence executing on that plan.

One of the main pillars of Vail Lake's plan was reaching a global
settlement with their largest secured creditors. In early July,
those discussions culminated in a settlement with those creditors,
which entails a sale of all of Vail Lake's property.

Mr. Marum notes that if the settlement is approved by the Court,
it will pave the way for a plan that provides substantial
distributions to all creditors.

Mr. Marum adds that the progress made thus far in the Chapter 11
cases has required a significant amount of energy and efforts.
Vail Lake will need to continue to devote substantial attention to
ensure the settlement is approved, a plan is drafted and
confirmed, and all the details are implemented fully. The
extension requested will allow them to do just that, Mr. Marum
explains, while preserving their exclusive periods and avoiding
the distraction relating to a plan filing by another party.

Vail Lake is represented by:

     Ori Katz
     J. Barrett Marum
     Robert K. Sahyan
     SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
     501 West Broadway, 19th Floor
     San Diego, CA 92101
     Telephone: 619-338-6500
     Facsimile: 619-234-3815

                          About Vail Lake

Vail Lake Rancho California, LLC, and its affiliates own the
California campground Vail Lake Resort. Vail Lake is a large
reservoir in western Riverside County, California, located on
Temecula Creek in the Santa Margarita River watershed,
approximately 15 miles east of Temecula, California.  Properties
cover approximately 9,000 acres and have an estimated water
storage capacity of approximately 51,000 acre-feet.

On Dec. 26, 2012, creditors of Vail Lake filed an involuntary
Chapter 11 petition (Bankr. S.D. Cal. Case No. 12-16684) for Vail
Lake.  In a filing on June 6, 2013, the Debtor said it consents to
the entry of an order for relief and does not contest the
involuntary Chapter 11 petition.

On June 5, 2013, the company sent 5 related entities -- Vail Lake
USA, LLC ("VLU"), Vail Lake Village & Resort, LLC ("VLRC"), Vail
Lake Groves, LLC, Agua Tibia Ranch, LLC, and Outdoor Recreational
Management, LLC -- to Chapter 11 bankruptcy.

The new debtors have sought and obtained an order for joint
administration of their Chapter 11 cases with Vail Lake Rancho
(Case No. 12-16684).

The Debtors are represented by attorneys at Cooley LLP and
Phillips, Haskett & Ingwalson, A.P.C.  The Debtor also employed
Thomas C. Hebrank and E3 Realty Advisors, Inc., with Mr. Hebrank
serving as the Debtors' chief restructuring officer. Lee &
Associates Commercial Real Estate Services is the real estate
brokers of the Debtors.

The Debtors' consolidated assets, as of May 31, 2013, total
$291,016,000 and liabilities total $52,796,846.


VAIL LAKE: Court Approves Deal on Use of Vail Lake Properties
-------------------------------------------------------------
Vail Lake Rancho California, LLC received court approval of its
agreement with Rancho California Water District and with secured
creditors that acquired its real properties in Riverside County,
California.

The agreement would allow the company to use the properties, which
include a recreational vehicle park and campground, for certain
events scheduled to be held this month pursuant to certain
executory contracts.

The company entered into those contracts long before it sold the
properties to its secured creditors.  Earlier, Cambridge Financial
of California LLC, one of the secured creditors, assigned its
rights to the Temecula Valley water provider, which will manage
and operate the properties after Vail Lake closes the sale.

Under the deal, RCWD will allow Vail Lake to use the properties on
condition that the contracts will be assigned to its designated
operator California Parks Co., and that all unpaid amounts due
under the contracts will be paid to the water provider.

The company will also pay RCWD the sum of $25,000 out of escrow to
compensate the water provider for allowing the contracts to be
completed.  A copy of the agreement is available for free at
http://is.gd/Cj4ajA

                          About Vail Lake

Vail Lake Rancho California, LLC, and its affiliates own the
California campground Vail Lake Resort. Vail Lake is a large
reservoir in western Riverside County, California, located on
Temecula Creek in the Santa Margarita River watershed,
approximately 15 miles east of Temecula, California.  Properties
cover approximately 9,000 acres and have an estimated water
storage capacity of approximately 51,000 acre-feet.

On Dec. 26, 2012, creditors of Vail Lake filed an involuntary
Chapter 11 petition (Bankr. S.D. Cal. Case No. 12-16684) for Vail
Lake.  In a filing on June 6, 2013, the Debtor said it consents to
the entry of an order for relief and does not contest the
involuntary Chapter 11 petition.

On June 5, 2013, the company sent 5 related entities -- Vail Lake
USA, LLC ("VLU"), Vail Lake Village & Resort, LLC ("VLRC"), Vail
Lake Groves, LLC, Agua Tibia Ranch, LLC, and Outdoor Recreational
Management, LLC -- to Chapter 11 bankruptcy.

The new debtors have sought and obtained an order for joint
administration of their Chapter 11 cases with Vail Lake Rancho
(Case No. 12-16684).

The Debtors are represented by attorneys at Cooley LLP and
Phillips, Haskett & Ingwalson, A.P.C.  The Debtor also employed
Thomas C. Hebrank and E3 Realty Advisors, Inc., with Mr. Hebrank
serving as the Debtors' chief restructuring officer. Lee &
Associates Commercial Real Estate Services is the real estate
brokers of the Debtors.

The Debtors' consolidated assets, as of May 31, 2013, total
$291,016,000 and liabilities total $52,796,846.


VUZIX CORP: Posts $1.91-Mil. Operating Loss in 1H of 2014
---------------------------------------------------------
Vuzix Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, reporting net income
of $239,110 on $723,258 of net revenue for the three months ended
June 30, 2014, compared with a net loss of $1.66 million on
$700,195 of net revenue for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $4.84 million
in total assets, $13.31 million in total liabilities, and a
stockholders' deficit of $8.47 million.

The Company's independent registered public accounting firm's
report issued on consolidated financial statements for the years
ended December 31, 2013 and 2012 included an explanatory paragraph
describing the existence of conditions that raise substantial
doubt about the Company's ability to continue as a going concern,
including continued operating losses and the potential inability
to pay currently due debts.

According to the Company, the net operating loss for the first six
months of 2014 was $1,918,449.  The Company has incurred a net
loss from continuing operations consistently over the last 2
years.  The Company incurred annual net losses from its continuing
operations of $10,146,228 in 2013 and $4,747,387 in 2012, and has
an accumulated deficit of $34,541,516 as of June 30, 2014.  The
Company's ongoing losses have had a significant negative impact on
the Company's financial position and liquidity.  As at June 30,
2014 the Company had a working capital of only $528.

A copy of the Form 10-Q is available at:

                       http://is.gd/4Zo2ux

                      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.

As of March 31, 2014, the Company had $2.99 million in total
assets, $11.95 million in total liabilities and a $8.96 million in
total stockholders' equity.

"The Company's independent registered public accounting firm's
report issued on our consolidated financial statements for the
years ended December 31, 2013 and 2012 included an explanatory
paragraph describing the existence of conditions that raise
substantial doubt about the Company's ability to continue as a
going concern, including continued operating losses and the
potential inability to pay currently due debts.  The net operating
loss for the first quarter of 2014 was $993,150.  The Company has
incurred a net loss from continuing operations consistently over
the last 2 years.  The Company incurred annual net losses from its
continuing operations of $10,146,228 in 2013 and $4,747,387 in
2012, and has an accumulated deficit of $34,780,626 as of
March 31, 2014.  The Company's ongoing losses have had a
significant negative impact on the Company's financial position
and liquidity. As at March 31, 2014 the Company had a working
capital deficit of $1,836,319," the Company said in its quarterly
report for the period ended March 31, 2014.


WORLDCOM INC: IRS Misapplied Rules in $26M Suit, High Court Told
----------------------------------------------------------------
Law360 reported that Verizon Communications Inc., successor-in-
interest to Worldcom Inc., told the U.S. Supreme Court that the
2012 decision against it would create conflict among the circuit
courts.  Prior to Verizon's filing, the Internal Revenue Service
asked the Supreme Court to mull a decision pinning $26 million in
taxes on the former WorldCom for a dial-up Internet service,
saying the IRS has taken contradictory stances in its opposition.

IRS said that the question of whether WorldCom, which later became
MCI Inc. and is now a unit controlled by Verizon, should have paid
taxes on the service as a telephone provider even though it didn't
enable phone calls isn't important anymore, Law360 related.

The case is WorldCom Inc. v. Internal Revenue Service, case number
13-1269, in the U.S. Supreme Court.

WorldCom, Inc., a Clinton, Mississippi-based global communications
company, filed for chapter 11 protection (Bankr. S.D.N.Y. Case No.
02-13532) on July 21, 2002.  On March 31, 2002, WorldCom disclosed
$103,803,000,000 in assets and $45,897,000,000 in debts.  The
Debtors were represented by Weil, Gotshal & Manges LLP.  The
Bankruptcy Court confirmed WorldCom's Plan on Oct. 31, 2003, and
on April 20, 2004, the Company formally emerged from Chapter 11
protection as MCI, Inc.  On Jan. 6, 2006, MCI merged with Verizon
Communications, Inc.  MCI is now known as Verizon Business, a unit
of Verizon Communications.


ZOOM TELEPHONICS: Reports $105K Net Loss for Q2 of 2014
-------------------------------------------------------
Zoom Telephonics, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, reporting a
net loss of $104,939 on $2.64 million of net revenue for the
three months ended June 30, 2014, compared to a net income of
$27,288 on $3 million of net revenue for the same period in
2013.

The Company's balance sheet at June 30, 2014, showed $4.33 million
in total assets, $2.08 million in total liabilities, and
stockholders' equity of $2.25 million.

A copy of the Form 10-Q is available at:

                       http://is.gd/rzAhZ6

Boston, Massachusetts-based Zoom Telephonics, Inc., designs,
produces, markets, sells, and supports broadband and dial-up
modems, Wi-Fi(R) and Bluetooth(R) wireless products, and other
communication-related products.

Marcum LLP, in Boston, Massachusetts, expressed substantial doubt
about Zoom Telephonics' ability to continue as a going concern,
citing the Company's recurring net losses and negative cash flows
from operations.

The Company reported a net loss of $870,054 on $12.7 million of
net sales in 2012, compared with a net loss of $732,342 on
$14.7 million of net sales in 2011.


* Bank of America Deal Shows Conflict and Trickery in Mortgages
---------------------------------------------------------------
Michael Corkery and Ben Protess, writing for The New York Times'
DealBook, reported that documents released as part of the
$16.65 billion settlement between Bank of America and the U.S.
Department of Justice included a "statement of facts" that offers
a window into some of the darkest corners of the Countrywide
Financial and Merrill Lynch mortgage machine that was responsible
for funneling a stream of troubled loans that helped devastate the
global financial system.  According to the report, the 30-page
document, which is replete with many internal emails from the
likes of Countrywide's co-founder, Angelo Mozilo, underscores the
extent of the problems at these firms and show the failings of the
government's efforts to protect itself against insuring defective
mortgages.


* Federal Program Helps Keep Delinquent Borrowers in Their Homes
----------------------------------------------------------------
Matthew Goldstein, writing for The New York Times' DealBook,
reported that a four-year program by a federal housing agency to
sell its most delinquent mortgages to private investors is
producing modest returns when it comes to keeping those struggling
borrowers in their homes.  According to the report, to date, 2,049
mortgage sold to investors under the program have been reworked to
allow the borrowers -- many of whom had not made a mortgage
payment in three years -- to remain in their homes and start
making payments again, according to a report released Aug. 29 by
the Department of Housing and Urban Development.


* Argentina Blasts Bond Judge's Remarks as Imperialist
------------------------------------------------------
Law360 reported that Argentina's government accused U.S. District
Judge Thomas Griesa in New York, who is overseeing the sovereign
debt dispute with hedge funds, of making imperialist comments
against the nation, after it unveiled a plan to evade U.S.
jurisdiction over its government bonds.  According to Law360,
Argentine Cabinet Chief Jorge Capitanich said Judge Griesa's
unfortunate and even imperialist statements constitute an undue
interference with Argentina's sovereignty.

Argentina's finance minister Axel Kicillof has urged lawmakers to
enact legislation allowing the country to pay its creditors,
Law360 also reported.  The finance minister, the Law360 report
noted, made his case after the country vowed to strip Bank of New
York Mellon Corp. of its operating privileges there due to
interference with an attempted $539 million payment to favored
creditors.  Law360 related that Mr. Capitanich has said BNY
breached its contract as trustee for the country's sovereign debt
government bonds.

Meanwhile, Huw Jones, writing for Reuters, reported that the
International Capital Market Association revised rules that allows
a majority of investors holding sovereign bonds that default to
make changes to the terms, such as extending maturities or
reducing the principal.  According to Reuters, these changes would
then be made legally binding on all holders of the bonds,
including those who vote against the restructuring.


* Argentina Seeks Writ of Certiorari in Arbitration Row
-------------------------------------------------------
Law360 reported that Argentina has filed a petition for a writ of
certiorari asking the U.S. Supreme Court to review the long and
winding litigation surrounding a $185 million arbitration award to
BG Group PLC over a botched investment in an Argentine gas
distributor, asserting that the tribunal blatantly ignored legal
principles that would have altered its decision.  According to the
report, Argentina urged the justices to settle what it described
as a significant split among circuit courts regarding whether an
arbitration tribunal's "manifest disregard of the law" provides a
sufficient basis for federal courts to undo that tribunal's
rulings.

The case is Republic of Argentina v. BG Group PLC, case number 14-
211, in the U.S. Supreme Court.



                             *********

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, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

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                  *** End of Transmission ***