TCR_Public/140909.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Tuesday, September 9, 2014, Vol. 18, No. 251

                            Headlines

ADVANCED CELL: Incurs $15.5-Mil. Net Loss for June 30 Quarter
ALIMERA SCIENCES: Has $1.12-Mil. Net Income in Second Quarter
AMBAC FINANCIAL: Reports $208-Mil. Net Loss for June 30 Quarter
AMEDICA CORP: Incurs $13.24-Mil. Net Loss in Second Quarter
AMERICA'S SUPPLIERS: Reports $150K Net Loss in Q2 Ended June 30

ARCHER USA: Voluntary Chapter 11 Case Summary
ASPEN GROUP: Hikes Offering Under Equity Plan to 16.3MM Shares
BRAFFITS CREEK: Brian Shapiro Named as Liquidating Trustee
BRIGHTSTAR CORP: S&P Withdraws 'BB' CCR Over Softbank Deal
CALIFORNIA RESOURCES: S&P Assigns 'BB+' CCR Over Spin-Off

CAPROCK OIL: Posts $491K Net Loss in Q2 Ended June 30
CAPSTONE MINING: S&P Assigns 'B+' CCR & Rates $300MM Notes 'B+'
CARDINAL ENERGY: Posts $1.19-Mil. Net Loss in June 30 Quarter
CLEAR CHANNEL: Proposes to Offer $750 Million Guarantee Notes
CLEAR CHANNEL: Fitch Rates 2022 Priority Guarantee Notes CCC/RR4

CLEAR CHANNEL: S&P Assigns 'CCC+' Rating on $750MM Notes Due 2022
CLEAREDGE POWER: Has Until Dec. 1 to Propose Chapter 11 Plan
CLOUDEEVA INC: Court Dismisses Chapter 11 Bankruptcy Case
COASTLINE INVESTMENT: SCG America's $19.5MM Wins Bid for Hotels
COMPLETE LANDSCAPING: Court Dismisses Salmeron Cross-Claim

CONNEAUT LAKE PARK: Trustees Hire Bankruptcy Attorney
COSTA DORADA APARTMENT: Wins Dismissal of Chapter 11 Case
CUMULUS MEDIA: Unveils New Organizational Leadership Structure
CYPRESS COVE: Fitch Rates $66MM Series 2012 Revenue Bonds 'BB+'
DETROIT, MI: Judge Puts Off Decision on Water Shut Offs

DETROIT, MI: Files 6th Amended Plan for Adjustment of Debts
DETROIT, MI: S&P Hikes Rating on 5 CUSIPs of Rev. Bonds From 'D'
ECOSPHERE TECHNOLOGIES: Has $2.43-Mil. Net Loss for 2nd Quarter
ELEPHANT TALK: Posts $4.61-Mil. Net Loss in Q2 Ended June 30
ELTRON SUPPLY: Schneider Liable to Philips Lighting for $240,000

EDGENET INC: Seeks Until Nov. 13 to File Ch. 11 Plan
ENDEAVOUR INT'L: Misses Interest Payments, Cut by S&P to 'D'
ERNIE HAIRE FORD: 11th Cir. Affirms 2nd Amended Plan Modification
EVOLUCIA INC: Has $854K Net Loss in Second Quarter
FL 6801 SPIRITS: General Claims Bar Date Set for September 12

FL 6801 SPIRITS: Files Schedules of Assets and Liabilities
FLORIDA GAMING: Creditor Trustee Hires Salazar Jackson as Counsel
FLORIDA GAMING: Creditor Trustee Taps KapilaMukamal as Advisors
FOCUS CAPITAL: Insurance Proceeds Belong to Bankruptcy Estate
GILES-JORDAN: Taps Stephen G. Schulz to Obtain Various Permits

GM FINANCIAL: S&P Puts 'BB' ICR on CreditWatch Positive
GUANWEI RECYCLING: Gets NASDAQ Listing Non-Compliance Notice
KID BRANDS: Gets Court OK to Tap University Management Associates
KID BRANDS: Committee Gets Nod to Tap Kelley Drye as Counsel
KID BRANDS: Committee Can Hire Emerald Capital as Finc'l Advisors

HANSEN MEDICAL: Reports $12.29-Mil. Net Loss for June 30 Quarter
HAROLD OSTENSON: Dismissal of Derivative Lawsuit Affirmed
HDGM ADVISORY: Hearing on Chapter 7 Conversion Set for Sept. 16
HELIA TEC: Plan Disclosures Hearing Moved Due to Amendment
HOVNANIAN ENTERPRISES: Files Q3 Form 10Q, Posts $17MM Net Income

IMPRINT TECHNOLOGIES: Ex-Bankr. Lawyer Loses Reinstatement Bid
INVENT VENTURES: Has $722K Net Loss in Second Quarter
INVENTIV HEALTH: S&P Corrects Rating on $507MM PIK Notes to 'CCC'
KID BRANDS: Taps Hilco IP as Consultant and Sales Agent
KID BRANDS: Files Schedules of Assets and Liabilities

LABOR SMART: Posts $932K Net Loss for Second Quarter
LADYWOOD APARTMENTS: Case Summary & 7 Top Unsecured Creditors
LAKSHMI HOSPITALITY: Case Summary & 20 Top Unsecured Creditors
LEHMAN BROTHERS: Bank Argues $63.5MM Claim Should be Paid in Full
LENCO MOBILE: Files Chapter 11 Bankruptcy Petition

LIBERATOR INC: Amends HCI Convertible Notes
LIVINGVENTURES INC: Posts $84K Net Loss in June 30 Quarter
LOFINO PROPERTIES: Glicny Wants Trustee to Abandon Cub Food II
LONG BEACH MEDICAL: Court OKs VCI as Medical Operations Advisor
LONGVIEW POWER: Plan Exclusivity Period Extended Until Sept. 30

MAUDORE MINERALS: Files Notice of Intention to Make BIA Proposal
MARTIFER AURORA: Can Extend Plan Filing Deadline Until October 3
MF GLOBAL: SIPA Trustee's 72nd & 73rd Claim Objections Sustained
MID-WILSHIRE PROPERTY: Case Summary & Unsecured Creditor
MIDTOWN SCOUTS: Plan Confirmation Hearing Moved to Sept. 11

MIDTOWN SCOUTS: Gets Overwhelming Creditor Support for Plan
NATIONAL CONSUMER MORTGAGE: Suit v. Rio Properties Dismissed
NETWORK CN: OZ Management Reports 9.9% Equity Stake
NEW BREED HOLDING: S&P Withdraws 'B' CCR Following Acquisition
NII HOLDINGS: Has $623.31-Mil. Net Loss in June 30 Quarter

NORALTA LODGE: S&P Assigns 'B' CCR & Rates C$150MM Notes 'B'
NORTHERN BLIZZARD: S&P Alters Outlook & Hikes Debt Rating to 'B'
OCULUS INNOVATIVE: Incurs $70,000 Net Loss in Second Quarter
PENINSULA HOSPITAL: Has Access to Cash Collateral Until Dec. 31
PHILADELPHIA ENTERTAINMENT: Liquidating Plan Declared Effective

PLUG POWER: Names Chris Hutter as Chief Financial Officer
POLONIA TOWERS: Case Summary & 20 Largest Unsecured Creditors
PORTNEUF ELECTRIC: Funds' Summary Judgment Motion Denied
POSITIVEID CORP: Obtains $111,250 Financing From JMJ Financial
PWK TIMBERLAND: Mediation Held With Withdrawing Members

QUARTZ HILL MINING: Appeals From Chapter 11 Dismissal Order
RANCHER ENERGY: Reports $175K Net Loss for Q2 Ended June 30
REGAL ONE: Incurs $166K Net Loss for Q2 Ended June 30
REGIONAL CARE: Court Transfer Chapter 11 Case to Judge Whinery
ROBERT N. MORAN: No Quick Ruling in Suit Against U.S. Bank

RESIDENTIAL CAPITAL: Court Tosses Suit by Deswal and Singh
REVEL AC: Wants Until January 2015 to Removal Actions
RIVER CITY: Oct. 1 Hearing on Continued Use of Cash Collateral
ROCKDALE RESOURCES: Posts $672K Net Loss in Q2 Ended June 30
ROGERS BANCSHARES: Confirms Modified Joint Plan of Liquidation

RONALD REAGAN ACADEMY: S&P Cuts Rating on 2007A Rev. Bonds to BB+
S.B. RESTAURANT: Court Extends Lease Decision Deadline to Jan. 12
SCHROEDER INVESTMENT: Case Summary & 9 Top Unsecured Creditors
SCOTTSDALE VENETIAN: Confirmation Hearing Resumes Tomorrow
SHOTWELL LANDFILL: Supplementary Ch.11 Trustee Order Entered

SOCKET MOBILE: Accumulated Deficit at $61.1-Mil. as of June 30
SPECIALTY PRODUCTS: Republic and NMBFiL Seek Joint Administration
SRKO FAMILY: Lienholder Committee Proposes Second Amended Plan
SYNARC-BIOCORE HOLDINGS: S&P Affirms 'B-' Corp. Credit Rating
TEM ENTERPRISES: Oct. 8 Hearing on Final Approval of Plan Outline

TLC HEALTH: Hearing on Sale of Assets Continued Until Sept 29
TRUMP INT'L GOLF COURSE: Defaults on $20-Mil. Loan
TRUMP TAJ MAHAL: Atlantic City Casino Could Head for Bankruptcy
TRANSPERFECT INT'L: Kramer Levin's Dissolution Petition Tossed
UNIVERSAL COOPERATIVE: Court Sets September 30 as Claims Bar Date

UNIVERSAL COOPERATIVE: Has Until Dec. 7 to Make Lease Decisions
UPH HOLDINGS: Court Won't Nix Suit v. Leap, T-Mobile & Sprint
US RENAL CARE: S&P Keeps 'B' CCR Over Proposed $75MM Loan Add-On
VESTCOM INT'L: S&P Assigns 'B' Credit Rating; Outlook Stable
VIGGLE INC: Launches New Fantasy Football Game

WESTMORELAND COAL: Amends 700,000 Shares Resale Prospectus
XTREME POWER: Can Hire Spivey & Grigg as Litigation Counsel
YOUNG INVESTMENTS: Case Summary & 4 Unsecured Creditors
ZAZA ENERGY: Regains Compliance with NASDAQ Listing Standards

* Adrian to Head KCC's Strategic Communications Services Business

* Large Companies With Insolvent Balance Sheet


                             *********


ADVANCED CELL: Incurs $15.5-Mil. Net Loss for June 30 Quarter
-------------------------------------------------------------
Advanced Cell Technology, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $15.52 million on $39,469 of
revenue for the three months ended June 30, 2014, compared to a
net loss of $6.89 million on $58,268 of revenue for the same
period in 2013.

The Company's balance sheet at June 30, 2014, showed
$5.54 million in total assets, $11.39 million in total liabilities
and total stockholders' deficit of $5.84 million.

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

                       http://is.gd/hBlOut

Advanced Cell Technology, Inc., is a biotechnology company whose
intellectual property portfolio includes pluripotent human
embryonic stem cell-induced pluripotent stem cell platforms and
other human stem cell-focused research programs.  ACTC (U.S.: OTC)
is headquartered in Marlborough, Massachusetts.


ALIMERA SCIENCES: Has $1.12-Mil. Net Income in Second Quarter
-------------------------------------------------------------
Alimera Sciences, Inc., filed its quarterly report on Form 10-Q,
disclosing net income of $1.12 million on $2.19 million of net
revenue for the three months ended June 30, 2014, compared with a
net loss of $16.36 million on $179,000 of net revenue for the same
period last year.

The Company's balance sheet at June 30, 2014, showed
$48.66 million in total assets, $35 million in total liabilities
and total stockholders' equity of $13.66 million.

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

                        http://is.gd/WCYBnW

                      About Alimera Sciences

Alpharetta, Ga.-based Alimera Sciences, Inc., is a
biopharmaceutical company that specializes in the research,
development and commercialization of prescription ophthalmic
pharmaceuticals.  The Company is presently focused on diseases
affecting the back of the eye, or retina, because it believes
these diseases are not well treated with current therapies and
represent a significant market opportunity.


AMBAC FINANCIAL: Reports $208-Mil. Net Loss for June 30 Quarter
---------------------------------------------------------------
Ambac Financial Group, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $208.23 million on $80.09 million
of total net investment income for the three months ended June 30,
2014, compared with a net income of $205.28 million on
$26.2 million of total net investment income for the same period
last year.

The Company's balance sheet at June 30, 2014, showed
$27.7 billion in total assets, $26.5 billion in total liabilities
and total stockholders' equity of $1.22 billion.

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

                       http://is.gd/SJGkmb

                      About Ambac Financial

Ambac Financial Group, Inc., headquartered in New York City, is a
holding company whose affiliates provided financial guarantees and
financial services to clients in both the public and private
sectors around the world.

Ambac Financial filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
10-15973) in Manhattan on Nov. 8, 2010.

Ambac's bond insurance unit, Ambac Assurance Corp., is being
restructured by state regulators in Wisconsin.  AAC is domiciled
in Wisconsin and regulated by the Office of the Commissioner of
Insurance of the State of Wisconsin.  The parent company is not
regulated by the OCI.

Bank of New York Mellon Corp., as trustee to seven different types
of notes, is listed as the largest unsecured creditor, with claims
totaling about US$1.62 billion.

The Blackstone Group LP is the Debtor's financial advisor.
Kurtzman Carson Consultants LLC is the claims and notice agent.
KPMG LLP is tax consultant to the Debtor.

Anthony Princi, Esq., Gary S. Lee, Esq., and Brett H. Miller,
Esq., at Morrison & Foerster LLP, in New York, serve as counsel
to the Official Committee of Unsecured Creditors.  Lazard Freres
& Co. LLC is the Committee's financial advisor.

Bankruptcy Judge Shelley C. Chapman entered an order confirming
the Fifth Amended Plan of Reorganization of Ambac Financial Group,
Inc. on March 14, 2012.  The Plan provides for the full payment of
secured claims and 8.5% to 13.2% recovery for general unsecured
claims.  The second modified version of the confirmed Plan was
declared effective on May 1, 2013, with Ambac obtaining bankruptcy
court approval of a $100+ million claims settlement with the
Internal Revenue Service.


AMEDICA CORP: Incurs $13.24-Mil. Net Loss in Second Quarter
-----------------------------------------------------------
Amedica Corporation filed its quarterly report on Form 10-Q,
disclosing a net loss of $13.24 million on $5.84 million of
product revenue for the three months ended June 30, 2014, compared
with a net loss of $3.07 million on $6.05 million of product
revenue for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed
$43.33 million in total assets, $28.47 million in total
liabilities and total stockholders' equity of $14.86 million.

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

                       http://is.gd/cWnoFw

Amedica Corporation, a commercial-stage biomaterial company,
develops, manufactures, and sells a range of medical devices in
the United States.  It offers Valeo silicon nitride interbody
spinal fusion devices for use in the cervical and thoracolumbar
areas of the spine; Valeo stand-alone anterior lumbar
intervertebral fusion device; and a line of non-silicon nitride
spinal fusion products used by surgeons to promote bone growth and
fusion in spinal fusion procedures.  The company also develops
femoral heads for use in its total hip replacements; and femoral
condyle components for use in its total knee replacements.  It
markets and sells its products to surgeons and hospitals in the
United States, Europe, and South America through a network of
independent sales distributors.  The company has research and
development agreement with Kyocera Industrial Ceramics Corporation
to manufacture silicon nitride-based spinal fusion products and
product candidates.  Amedica Corporation was founded in 1996 and
is headquartered in Salt Lake City, Utah.


AMERICA'S SUPPLIERS: Reports $150K Net Loss in Q2 Ended June 30
---------------------------------------------------------------
America's Suppliers, Inc., filed its quarterly report on Form 10-
Q, disclosing a net loss of $150,268 on $4 million of revenue for
the three months ended June 30, 2014, compared with a net loss of
$58,230 on $3.89 million of revenue for the same period last year.

The Company's balance sheet at June 30, 2014, showed $1.41
million in total assets, $1.88 million in total liabilities and
total stockholders' deficit of $474,789.

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

                       http://is.gd/i4vhTH

Scottsdale, Ariz.-based America's Suppliers, Inc., is an Internet-
based provider of general merchandise through its wholly owned
subsidiaries, DollarDays International, Inc., and
http://www.WowMyUniverse.com/


ARCHER USA: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                       Case No.
     ------                                       --------
     Archer USA, Inc.                             14-16659
     2025 First Avenue, Suite 320
     Seattle, WA 98121

     Lenco Mobile, Inc.                           14-16660
        FDBA Capital Supreme;
        FDBA Multimedia Solutions;
        DBA Archer Inc.
     2025 First Avenue, Suite 320
     Seattle, WA 98121

Chapter 11 Petition Date: September 6, 2014

Nature of Business: Global provider of proprietary mobile
                    engagement solutions to large enterprises.

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

Judge: Hon. Karen A. Overstreet

Debtors' Counsel: Heidi C Anderson, Esq.
                  LANE POWELL PC
                  1420 5th Ave Ste 4100
                  Seattle, WA 98101
                  Tel: 206-223-7000
                  Email: andersonh@lanepowell.com

                     - and -

                  Bruce W. Leaverton, Esq.
                  LANE POWELL PC
                  1420 Fifth Avenue, Suite 4200
                  Seattle, WA 98111-9402

Archer USA estimated assets of $1 million to $10 million and
liabilities of $10 million to $50 million.  Lenco Mobile disclosed
total assets of $6.5 million and total debts of $32.6 million.

The petitions were signed by Matthew Harris, president.

The Debtors did not file a list of their largest unsecured
creditors when they filed the petitions.


ASPEN GROUP: Hikes Offering Under Equity Plan to 16.3MM Shares
--------------------------------------------------------------
Aspen Group, Inc., amended the Company's 2012 Equity Incentive
Plan to increase the number of authorized shares under the Plan to
16.3 million.

In connection with the closing of the recent offering which was
previously reported on a Form 8-K, the Company granted 2.6 million
options (exercisable at $0.155 per share) to its Board of
Directors.  Of the options, 75% were granted to Mr. Michael
Mathews and the remaining amount was granted in equal amounts to
the remaining directors.  The options vest in three equal annual
increments with the first vesting date being one year from the
grant date, subject to continued service as a director on each
applicable vesting date.  The options will become exercisable at
such time as the Company increases its authorized common stock to
250,000,000 shares.

                         About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88 percent of the Company's
degree-seeking students (as of June 30, 2012) were enrolled in
graduate degree programs (Master or Doctorate degree program).
Since 1993, the Company has been nationally accredited by the
Distance Education and Training Council, a national accrediting
agency recognized by the U.S. Department of Education.

Aspen Group incurred a net loss of $5.35 million for the year
ended April 30, 2014.  The Company also reported a net loss of
$1.40 million for the four months ended April 30, 2013.

The Company reported a net loss of $6 million in 2012 as compared
with a net loss of $2.13 million in 2011.

As of April 30, 2014, Aspen Group had $3.58 million in total
assets, $5.36 million in total liabilities and a $1.78 million
total stockholders' deficiency.


BRAFFITS CREEK: Brian Shapiro Named as Liquidating Trustee
----------------------------------------------------------
Cohen Braffits Estates Development filed on August 29, 2014, a
notice of proposed appointment of a liquidating trustee in
connection with the proposed plan of reorganization.

Brian Shapiro is nominated as the liquidating trustee for the
proposed liquidating trust.

Cohen Braffits Estates Development is represented by:

     JOHNSON & GUBLER, P.C.
     Matthew L. Johnson, Esq.
     Lakes Business Park
     8831 West Sahara Avenue
     Las Vegas, NV 89117
     Tel: (702) 471-0065
     Fax: (702) 471-0075
     E-mail: mjohnson@mjohnsonlaw.com

                  About Braffits Creek Estates LLC

Braffits Creek Estates LLC filed for Chapter 11 protection (Bankr.
D. Nev. Case No. 12-19780) on Aug. 23, 2012.  Bankruptcy Judge
Bruce A. Markell presides over the case.  David J. Winterton, &
Assoc., Ltd., represents the Debtor in its restructuring effort.
The Debtor disclosed $25,003,800 in assets and $33,959,140 in
liabilities as of the Chapter 11 filing.


BRIGHTSTAR CORP: S&P Withdraws 'BB' CCR Over Softbank Deal
----------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'BB' corporate
credit rating on Miami-based wireless distributor Brightstar Corp.

The rating withdrawal follows Softbank's acquisition from Marcelo
Claure of the 37.7% shares in Brightstar Global Group Inc. (the
parent company of Brightstar Corp.) that it didn't already own.
Softbank has been the majority share owner (62.3%) of Brightstar
since early 2014.  Furthermore, the company's senior unsecured
notes are already guaranteed by Softbank and therefore are rated
'BB+'.

As a result of this equity purchase transaction, the company is
now a wholly owned subsidiary of Softbank and has requested that
S&P withdraw the corporate credit rating.


CALIFORNIA RESOURCES: S&P Assigns 'BB+' CCR Over Spin-Off
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' corporate
credit rating to Los Angeles-based California Resources Corp.  The
outlook is stable.

"We also assigned our 'BBB' issue-level rating (two notches above
the corporate credit rating on CRC) to the company's $2 billion
revolving credit facility due in 2019 and its planned $1 billion
term loan facility due 2019.  The recovery rating on the RBL and
term loan facility is '1', reflecting our expectation for very
high (90% to 100%) recovery in the event of a payment default.  We
also assigned a 'BB' issue-level rating (one notch lower than the
corporate credit rating) to CRC's proposed $5 billion aggregate
senior unsecured debt issuance (tranche sizes are still to be
determined, but the debt will be issued in three separate tranches
with tenors of five and a half years, seven years, and 10 years).
The recovery rating on this unsecured debt is '5', indicating our
expectation of modest (10% to 30%) recovery in the event of a
payment default," S&P said.

CRC will be spun off from OXY in the fourth quarter of 2014 and is
issuing debt to fund a $6 billion dividend that will be paid to
OXY in conjunction with the spinoff.  CRC will own and operate the
California businesses as an independent publicly traded company.
OXY will retain less than 20% of CRC's common stock at the close
of the transaction, reducing its exposure over time and ultimately
disposing of its CRC shares within an 18-month time frame.

The stable outlook is based on S&P's expectation that CRC will
maintain consistent operational performance focusing on its key
California basins.

"We believe that increased capital spending as a stand-alone
entity will enable the company to drive high-single-digit
production growth over the next two years, led by higher
investment in mature, lower-risk crude oil plays," said Standard &
Poor's credit analyst Mark Salierno.  "We expect CRC's cash flow
generation will sufficiently support its capital spending plans."

S&P could consider a higher rating if CRC's key credit ratios
improve, including FFO to total debt above 45% and leverage below
2x on a sustained basis.  This could occur if the company's
performance is in line with S&P's expectations and its internally
generated operating cash flow exceeds capital spending, and it
applies its excess cash flow to debt reduction over the next
several years.

S&P could consider a downgrade if CRC's credit measures
deteriorate, including FFO to total debt falling below 20% or
leverage approaching the 4x area with no near-term remedy, or if
the company's business risk profile weakens, which S&P believes
could result from heightened regulatory requirements in California
and/or a meaningful, prolonged deterioration in crude oil prices.


CAPROCK OIL: Posts $491K Net Loss in Q2 Ended June 30
-----------------------------------------------------
Caprock Oil, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $491,634 on $644,568 of total revenues
for the three months ended June 30, 2014, compared with a net loss
of $283,213 on $668,796 of total revenues for the same period last
year.

The Company's balance sheet at March 31, 2014, showed
$7.13 million in total assets, $5.78 million in total liabilities
and stockholders' equity of $1.35 million.

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

                       http://is.gd/iUTvBK

Caprock Oil, Inc. is focused on the exploration and production of
oil and natural gas in Texas and Louisiana.  Based in Houston, the
Company recently completed the acquisition of Cinco NRG, LLC, a
private oil and gas company.


CAPSTONE MINING: S&P Assigns 'B+' CCR & Rates $300MM Notes 'B+'
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' long-term
corporate credit rating and stable outlook to Vancouver-based
copper producer Capstone Mining Corp.

At the same time, Standard & Poor's assigned its 'B+' issue-level
rating and '4' recovery rating to the company's proposed US$300
million senior unsecured notes.  The '4' recovery rating indicates
S&P's expectation of average (30%-50%) recovery in a default
scenario.

S&P assumes that the proceeds from the unsecured notes offering
will repay debt that was incurred primarily to fund Capstone's
Arizona-based Pinto Valley mine acquisition in late-2013.  Along
with the proposed notes, the company intends to establish a new
US$300 million senior secured revolving credit facility due 2018.

Capstone's mining operations are based exclusively in the U.S.,
Mexico, and Canada.

"We expect the company to generate sharply higher production
growth and improved operating diversity in 2014 following a full
year contribution from its Pinto Valley mine acquisition," said
Standard & Poor's credit analyst Jarrett Bilous.  "In our view,
counterbalancing these supportive factors are the company's
relatively limited scope of operations that include three mines,
cash costs that are modestly above the industry average, and
exposure to unstable copper prices," Mr. Bilous added.

The ratings on Capstone reflect Standard & Poor's view of the
company's "weak" business risk profile and "aggressive" financial
risk profile, which result in an anchor score of 'b+'.  S&P do not
apply modifiers to the anchor score, resulting in a 'B+' long-term
corporate credit rating.

The stable outlook reflects Standard & Poor's view that Capstone
will likely maintain credit measures strong for the ratings and
that liquidity will remain adequate.  S&P estimates that, under
its base-case assumptions, Capstone will generate a debt-to-EBITDA
leverage ratio of about 2x and a funds from operations (FFO)-to-
debt ratio of more than 40% through next year, and expect its core
credit ratios will remain highly sensitive to volatility in copper
prices.

A positive rating action during S&P's two-year outlook horizon is
unlikely unless Capstone adds a low-cost producing mine to its
portfolio of assets in the near term, without a significant
deterioration in its balance sheet from additional debt.

S&P would revise the outlook to negative if FFO-to-debt declines
below 20% and liquidity weakens, which could result from a rapid
copper price decline or significant costs pressures that lead to a
meaningful contraction in the company's operating margins or if
debt increased because of acquisitions.


CARDINAL ENERGY: Posts $1.19-Mil. Net Loss in June 30 Quarter
-------------------------------------------------------------
Cardinal Energy Group, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $1.19 million on $59,920 of total
revenues for the three months ended June 30, 2014, compared with a
net loss of $262,664 on $5,471 of total revenues for the same
period last year.

The Company's balance sheet at June 30, 2014, showed
$4.34 million in total assets, $5.2 million in total liabilities,
and a stockholders' deficit of $867,190.

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

                       http://is.gd/YVD6Uv

Upper Arlington, Ohio-based Cardinal Energy Group, Inc., is
engaged in the business of exploring, purchasing, developing and
operating oil and gas leases.  The Company currently owns
interests in oil and gas leases located in the states of
California and Ohio.

Effective Sept. 23, 2012, Cardinal Energy Group, LLC, entered into
a Share Exchange Agreement with Koko Ltd., a Nevada company,
whereby the Cardinal Energy Group, LLC, agreed to issue 100
percent of its issued and outstanding shares of common stock in
exchange for Koko issuing the shareholders of the Company
31,050,000 shares of Koko.  The transaction was accounted for as a
reverse-merger recapitalization with Koko the acquirer for legal
purposes and the Company the acquirer for accounting purposes.
Pursuant to this agreement the Company changed its corporate name
from Cardinal Energy Group, LLC, to Cardinal Energy Group, Inc.
The shareholders of Koko retained 3,450,000 common shares in the
transaction.  The number of authorized shares in the surviving
entity remained at 100,000,000.


CLEAR CHANNEL: Proposes to Offer $750 Million Guarantee Notes
-------------------------------------------------------------
Clear Channel Communications, Inc., plans to offer, subject to
market and customary conditions, $750 million in aggregate
principal amount of Priority Guarantee Notes due 2022 in a private
offering that is exempt from registration under the Securities Act
of 1933, as amended.  The Notes will be fully and unconditionally
guaranteed on a senior secured basis by CCU's parent, Clear
Channel Capital I, LLC, and all of CCU's existing and future
material wholly-owned domestic restricted subsidiaries.

The Notes and the related guarantees will be secured by (1) a lien
on (a) the capital stock of CCU and (b) certain property and
related assets that do not constitute "principal property", in
each case equal in priority to the liens securing the obligations
under CCU's senior secured credit facilities and existing priority
guarantee notes and (2) a lien on the accounts receivable and
related assets securing CCU's receivables based credit facility
junior in priority to the lien securing CCU's obligations
thereunder.

CCU intends to use the gross proceeds from this offering to prepay
at par $729 million of the loans outstanding under its term loan B
facility and $12.1 million of the loans outstanding under its term
loan C-asset sale facility, to pay accrued and unpaid interest
with regard to such loans to, but not including, the date of
prepayment, and to pay fees and expenses related to the offering
and the prepayment.

                About Clear Channel Communications

San Antonio, Texas-based Clear Channel Communications, Inc., an
indirect subsidiary of CC Media Holdings, Inc. (OTCBB: CCMO), is
one of the leading global media and entertainment companies
specializing in radio, digital, outdoor, mobile, live events, and
on-demand entertainment and information services for local
communities and providing premier opportunities for advertisers.

CC Media Holdings Inc. -- http://www.ccmediaholdings.com/-- is a
global media and entertainment company.  Its businesses include
radio and outdoor displays.

Clear Channel reported a net loss attributable to the Company of
$606.88 million in 2013, a net loss attributable to the Company of
$424.47 million in 2012 and a net loss attributable to the Company
of $302.09 million in 2011.

The Company's balance sheet at June 30, 2014, showed $14.75
billion in total assets, $24.06 billion in total liabilities and a
$9.31 billion total shareholders' deficit.

                         Bankruptcy Warning

The Company said in its annual report for the year ended Dec. 31,
2013, "If our and our subsidiaries' cash flows from operations,
refinancing sources and other liquidity-generating transactions
are insufficient to fund our respective debt service obligations,
we may be forced to reduce or delay capital expenditures, sell
material assets or operations, or seek additional capital.  We may
not be able to take any of these actions, and these actions may
not be successful or permit us or our subsidiaries to meet the
scheduled debt service obligations.  Furthermore, these actions
may not be permitted under the terms of existing or future debt
agreements."

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  Any
refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing
or future debt instruments may restrict us from adopting some of
these alternatives.  These alternative measures may not be
successful and may not permit us or our subsidiaries to meet
scheduled debt service obligations.  If we or our subsidiaries
cannot make scheduled payments on indebtedness, we or our
subsidiaries, as applicable, will be in default under one or more
of the debt agreements and, as a result we could be forced into
bankruptcy or liquidation."

                           *     *     *

In May 2013, Moody's Investors Service said that Clear Channel's
upsize of the term loan D to $4 billion from $1.5 billion will not
impact the Caa1 facility rating assigned.  Clear Channel's
Corporate Family Rating is unchanged at Caa2.  The outlook remains
stable.

As reported by the TCR on May 21, 2013, Standard & Poor's Ratings
Services also announced that its issue-level rating on San
Antonio, Texas-based Clear Channel's senior secured term loan
remains unchanged at 'CCC+' following the company's upsize of the
loan to $4 billion from $1.5 billion.  The rating on parent
company CC Media Holdings remains at 'CCC+' with a negative
outlook, which reflects the risks surrounding the long-term
viability of the company's capital structure.


CLEAR CHANNEL: Fitch Rates 2022 Priority Guarantee Notes CCC/RR4
----------------------------------------------------------------
Fitch Ratings has assigned a 'CCC/RR4' rating to Clear Channel
Communications, Inc. (Clear Channel) proposed Priority Guarantee
notes due 2022.  Proceeds from the offering are expected to be
used to pay $729 million of Term Loan B due 2016 and $12.1 million
of Term Loan C due 2016 and to pay fees and expenses related to
the offering and prepayment.  The Rating Outlook on Clear Channel
is Negative.

From Fitch's perspective, the proposed transaction is modestly
positive to Clear Channel's credit profile as it extends the
company's maturity profile.  Following the redemption, Clear
Channel will have remaining $1.16 billion and $19.2 million in
Term Loan B and Term Loan C respectively and $1.4 billion in total
maturing in 2016.  The transaction is expected to increase total
interest cost, but Fitch believes the company has adequate
liquidity (including cash on hand, monetization of repurchased and
outstanding notes, and asset sales) to meet its debt service
obligations.  Fitch expects free cash flow (FCF) to be negative
over the next few years.  The ratings and Negative Outlook reflect
the limited room within the credit profile to endure any material
deterioration in operations.  Fitch calculates Clear Channel's
interest coverage ratio (EBITDA/Gross Interest Expense) at 1x as
of June 2014, and the company paid more than $1.5 billion in cash
interest on an LTM basis.

Fitch does not expect a material amount of absolute debt reduction
over the next several years, given the expected negative FCF.
Instead, Fitch expects the company to continue to focus on
extending or repaying its term loans via issuance at Clear Channel
and CCOH.

Proforma for the aforementioned transaction, Clear Channel has
approximately $21.1 billion in consolidated debt (includes debt
held at CC Finco LLC).  Debt held at Clear Channel is $18 billion
and consist of:

   -- $7.5 billion secured term loans ($1.2 billion in 2016 and
      $6.3 billion in 2019);

   -- $5.1 billion secured PGNs, maturing 2019-2022;

   -- $2.1 billion in senior unsecured 12% cash pay / 2% PIK notes
      maturing in Feb. 2021 (includes CC Finco LLC position of
      $423 million);

   -- $1.6 billion senior unsecured notes (including $725 million
      in legacy notes), with maturities of 2016-2027.

Debt held at Clear Channel Worldwide Holdings, Inc. (CCWH) is $4.9
billion and consist of:

   -- $2.7 billion in senior unsecured 6.5% notes due in 2022;

   -- $2.2 billion in subordinated 7.625% notes due 2020.

Liquidity

At June 30, 2014, Clear Channel had $572 million of cash,
excluding $226 million of cash held at CCOH.

Backup liquidity consists of an undrawn $535 million ABL facility
(subject to an undisclosed borrowing base) that matures in
December 2017 and is subject to springing maturities.

Security and Guarantees

The bank debt and PGNs are secured by the capital stock of Clear
Channel, Clear Channel's non-broadcasting assets (non-principal
property), and a second priority lien on the broadcasting
receivables that securitize the ABL facility.

The bank debt and secured notes are guaranteed on a senior basis
by Clear Channel Capital I, LLC (holding company of Clear
Channel), and by Clear Channel's wholly owned domestic
subsidiaries.  The exchange notes benefit from a guarantee from
the same entities, although it is contractually subordinated to
the secured debt guarantees.  There is no guarantee from Clear
Channel Outdoor Holdings, Inc (CCOH) or its subsidiaries.  The
legacy notes and the new 10% notes receive no guarantees.

Recovery Ratings

Clear Channel's Recovery Ratings reflect Fitch's expectation that
the enterprise value of the company will be maximized in a
restructuring scenario (going concern), rather than a liquidation.
Fitch employs a 6x distressed enterprise value multiple reflecting
the value of the company's radio broadcasting licenses in top U.S.
markets.  Fitch assumes going concern EBITDA at $832 million and
that Clear Channel has maximized the debt-funded dividends from
CCOH and used the proceeds to repay bank debt.  Additionally,
Fitch assumes that Clear Channel would receive 88% of the value of
a sale of CCOH after the CCOH creditors had been repaid.  Fitch
estimates the adjusted distressed enterprise valuation in
restructuring to be approximately $6.6 billion.

The 'CCC/RR4' rating for the bank debt and secured notes reflect
Fitch's estimate for a recovery range of 31%-50%.  Fitch expects
no recovery for the senior unsecured legacy notes, the 10% senior
notes, and exchange notes due to their position below the secured
debt in the capital structure, and they are assigned 'RR6'.
However, Fitch rates the exchange notes 'CC' given the
subordinated guarantee.

CCOH's Recovery Ratings also reflect Fitch's expectation that
enterprise value would be maximized as a going concern.  Fitch
stresses outdoor EBITDA by 15%, and applies a 7x valuation
multiple.  Fitch estimates the enterprise value would be $4
billion.  This indicates 100% recovery for the unsecured notes.
However, Fitch notches the debt up only two notches from the IDR
given the unsecured nature of the debt.  In Fitch's analysis, the
subordinated notes recover in the 31% to 50% 'RR4' range, leading
to no notching from the IDR.

Key Rating Drivers:

Fitch's ratings concerns center on the company's highly leveraged
capital structure, with significant maturities in 2016; the
considerable and growing interest burden that is expected to
generate negative FCF in the near term; technological threats and
secular pressures in radio broadcasting; and the company's
exposure to cyclical advertising revenue.

The ratings are supported by the company's leading position in
both the outdoor and radio industries, as well as the positive
fundamentals and digital opportunities in the outdoor advertising
space.

Rating Sensitivities:

Negative: An inability to extend maturities would result in a
downgrade.  This inability may derive from a prolonged
consolidated cash burn, whether driven by cyclical or secular
pressures, reducing Clear Channel's ability to fund debt service
and near-term maturities.  Additionally, cyclical or secular
pressures on operating results that further weaken credit metrics
could result in negative rating pressure.  Lastly, indications
that a DDE is probable in the near term would also drive a
downgrade.

Positive: The current Rating Outlook is Negative.  As a result,
Fitch's sensitivities do not currently anticipate a rating
upgrade.

Fitch's ratings are as follows:

Clear Channel

   -- Long-term IDR at 'CCC';
   -- Senior secured term loans at 'CCC/RR4';
   -- Senior secured priority guarantee notes at 'CCC/RR4';
   -- Senior unsecured exchange notes due 2021 at 'CC/RR6';
   -- Senior unsecured notes at 'C/RR6'.

The Rating Outlook for Clear Channel is Negative.

Clear Channel Worldwide Holdings, Inc.

   -- Long-term IDR at 'B';
   -- Senior unsecured notes at 'BB-/RR2';
   -- Senior subordinated notes at 'B/RR4'.

The Rating Outlook for Clear Channel Worldwide Holdings, Inc. is
Stable.


CLEAR CHANNEL: S&P Assigns 'CCC+' Rating on $750MM Notes Due 2022
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned San Antonio, Texas-
based Clear Channel Communications Inc.'s proposed $750 million
priority guarantee notes due 2022 an issue-level rating of 'CCC+',
with a recovery rating of '3'.  The '3' recovery rating indicates
S&P's expectations for meaningful (50% to 70%) recovery in the
event of a payment default.

The proposed transaction reduces 2016 maturities to $1.4 billion.
Leverage remains extremely high, at roughly 9x, as of June 30,
2014, and largely unchanged by the transaction.

The transaction reduces maturities through 2016 ($1.4 billion)
down to levels that are approaching the company's pro forma cash
and asset-backed revolver capacity, of $575 million and roughly
$300 million, respectively, or $875 million combined, based on
S&P's estimation.  However, the company's progress in refinancing
debt at interest rates that are about 5% higher on average will
cause EBITDA coverage of interest to remain in the low-1x area.
S&P also expects discretionary cash flow deficits in the range of
$125 million to $175 million in 2014 and 2015, under S&P's base-
case scenario, which will keep liquidity extremely limited.

RATINGS LIST

Clear Channel Communications Inc.
Corporate Credit Rating                      CCC+/Negative/--

New Rating

Clear Channel Communications Inc.
$750M priority guarantee notes due 2022      CCC+
   Recovery Rating                            3


CLEAREDGE POWER: Has Until Dec. 1 to Propose Chapter 11 Plan
------------------------------------------------------------
Bankruptcy Judge Charles Novack extended the exclusive periods
within which Clearedge Power, Inc., or the Official Committee of
Unsecured Creditors may:

   i) file a Chapter 11 Plan until Dec. 1, 2014; and

  ii) solicit acceptances of a plan until Jan. 28, 2015.

As reported in the Troubled Company Reporter on Aug. 4, 2014, the
Debtor filed its chapter 11 petition on May 1, 2014, and has since
sold most of its assets to Doosan Corp.

The Debtor contended that there is "cause" for the extension
pursuant to Sec. 1121(d) of the Bankruptcy Code based on the
factors enumerated in the case of In re Express One International,
Inc. 194 B.R. 98 (Bankr. E.D. Tex. 1996).  The Debtor pointed out
that its case is large and complex with over 1,500 creditors,
equity holders, and parties in interest; $67 million in
liabilities; and offices both in the U.S. and abroad.

The Debtor contended that the fact that less than three months
have elapsed since the petition date and that this is its first
request for an extension weigh in favor of an extension.
Additionally, the Debtor argues that the consummation of the sale
of its assets, its timely filing of statements and schedules, and
its cooperation with the U.S. Trustee, all illustrate that good
faith progress is being made in the case.  The Debtor anticipates
filing a Plan soon after the close of the sale to Doosan.  The
Debtor is also paying obligations as they become due, and has made
progress in its negotiations with creditors.  The Debtor argues
that the existence of these factors necessitates an extension in
this case.

The Debtors are represented by:

         John Walshe Murray, Esq.
         Stephen T. O'Neill, Esq.
         Robert A. Franklin, Esq.
         Thomas T. Hwang, Esq.
         DORSEY & WHITNEY LLP
         305 Lytton Avenue
         Palo Alto, CA 94301
         Tel: (650) 857-1717
         Fax: (650) 857-1288
         E-mail: murray.john@dorsey.com
                 oneill.stephen@dorsey.com
                 franklin.robert@dorsey.com
                 hwang.thomas@dorsey.com

                      About ClearEdge Power

Sunnyvale, California-based ClearEdge Power Inc. and two other
affiliates filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Cal. Lead Case No. 14-51955) on May 1, 2014, in San Jose.
Affiliates ClearEdge Power, LLC, and ClearEdge Power International
Service, LLC, are based in South Windsor, Connecticut, where the
manufacturing operations are located.

Privately held ClearEdge designs, manufactures, sells and services
distributed generation fuel cell systems for commercial,
industrial, utility and residential applications.  ClearEdge
bought United Technologies Corp.'s UTC Power division in late
2012.  ClearEdge sought bankruptcy protection just a week after
shutting operations.

John Walshe Murray, Esq., at Dorsey and Whitney LLP, serves as
counsel to the Debtors.  Insolvency Services Group, Inc., serves
as noticing and claims agent.

ClearEdge Power disclosed $31.3 million in assets and $67.4
million in liabilities as of the Chapter 11 filing.

Power Inc. estimated $100 million to $500 million in both assets
and debts.

The petitions were signed by David B. Wright, chief executive
officer.

On May 22, 2014, the U.S. Trustee for Region 17 appointed five
creditors to serve in the Committee.  The Committee has hired
Brown Rudnick as Counsel and Teneo Securities as financial
advisors.


CLOUDEEVA INC: Court Dismisses Chapter 11 Bankruptcy Case
---------------------------------------------------------
The Hon. Kathryn C. Ferguson of the U.S. Bankruptcy Court for the
District of New Jersey dismissed the Chapter 11 bankruptcy case of
Cloudeeva, Inc., fdba Systems America, Inc., and its debtor-
affiliates at the behest of Bartronics Asia PTE Ltd. claiming that
the cases were not filed in good faith.

As reported in the Troubled Company Reporter on Aug. 25, 2014, the
Debtors filed with the Court a memorandum of law in opposition to
BAPL's motion for the appointment of a Chapter 11 trustee or, in
the alternative, the dismissal of the Chapter 11 cases.  The
Debtors say that none of BAPL's allegations of fraud, dishonesty
or mismanagement are supported by competent evidence and all of
which are unrelated to the operation of the Debtors' business.
The Debtors deny those allegations.

The Debtors want their current management team to remain in place.
The Debtors complain that the appointment of a Chapter 11 trustee
will be very disruptive to the current business operations, and
could result in loss of customers, key consultants, vendors and
financing opportunities.

A copy of the Debtors' memorandum of law in opposition to the
dismissal motion is available for free at:

      http://bankrupt.com/misc/CLOUDEEVAINC_96_dismissal.pdf

In the Aug. 20 response to the Debtors' objection, BAPL states
that if these cases are to continue in Chapter 11, a trustee must
be appointed because Adesh Tyagi, the sole director and officer of
Cloudeeva, has proven that he is unfit to serve as a fiduciary to
the Debtors, their creditors, shareholders, and other stakeholders
(including employees and contractors).

BAPL says that by the Debtors' own admission, Mr. Tyagi, the sole
director and officer of Cloudeeva, is taking advantage of the
customer unease caused by the Chapter 11 filings by transferring
customer contracts to Systems America, a company controlled by Mr.
Tyagi's wife, without full disclosure or the approval of this
Court, thereby creating a windfall for Mr. Tyagi's family at the
expense of the Debtors' estates.

However, in the weeks since the cases were commenced, it has
become clear to BAPL that the best interests of creditors,
shareholders, and the Debtors' estates will not be served by
continuing in Chapter 11 (even under the supervision of a
trustee), but only by dismissal of these cases in their entirety,
BAPL states in the Aug. 20 filing.

According to BAPL, the cases must be dismissed because the
continuation of these cases will serve no valid bankruptcy
purpose.  The Debtors here have submitted no evidence identifying
any legitimate bankruptcy purpose for these cases.

BAPL claims that among other things, the cases present a prime
example of a two-party controversy that does not belong in
bankruptcy.  The Debtors advised the Court that "at the
end of the day, what we have here is a difficult shareholder
dispute."  The thrust of the cases is a fight between BAPL and Mr.
Tyagi for control of Cloudeeva Delaware.  BAPL is the 62% majority
shareholder of Cloudeeva Florida, holds an unsecured claim of
approximately $6 million against Cloudeeva Delaware, and remains
the only equity holder or unsecured creditor to have actively
participated in the cases.

BAPL was the only creditor to attend the meeting to appoint an
official committee of unsecured creditors; as a result, no
committee was formed.  According to BAPL, the pool of unsecured
claims in the cases is small and consists primarily of trade debt,
the majority of which has been (or will soon be) paid pursuant to
the Court's critical vendor order.

BAPL states that the timing of the filing of the cases leaves no
doubt that Mr. Tyagi caused their initiation in order to avoid a
decision by the California Court on BAPL's receiver motion and a
conclusion of the California arbitration, both of which would have
likely resulted in Mr. Tyagi being ousted from control of the
company.  "The California Court overseeing the arbitration would
have heard BAPL's receiver motion -- which was filed at the
invitation of the California Court -- the morning after these
Cases were commenced, and the JAMS arbitration would have
concluded this week," BAPL says.

A copy of BAPL's Aug. 20 response is available for free at:

  http://bankrupt.com/misc/CLOUDEEVAINC_110_dismissalresp.pdf

                       About Cloudeeva, Inc.

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

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

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

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

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

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


COASTLINE INVESTMENT: SCG America's $19.5MM Wins Bid for Hotels
---------------------------------------------------------------
The Bankruptcy Court identified the $19.5 million bid of SCG
America Group or its assignees as the successful bidder for the
purchase of both hotels of the Debtors.

SCG America will purchase the assets for $19.5 million plus a
consulting agreement with Lucy Gao.

SCG is ordered to deposit an additional sum of $2,000,000 into the
current escrow which, when added to the existing $2,000,000 in
escrow, will constitute a non-refundable deposit in the amount of
$4,000,000 for purchase of the assets.

Upon the Closing, after the payments required by the order, the
balance of the funds will be transferred to Levene, Neale, Bender,
Yoo & Brill L.L.P., Debtors' general bankruptcy counsel, to be
held in trust pending further order of the Court.

As reported in the Troubled Company Reporter on July 25, 2014,
each of the Debtors owns and operates a hotel in the Pomona area.
The Debtors believe that each of their hotels has a fair market
value of approximately $12 million, for an aggregate value of
approximately $24 million.

Coastline is the owner the Hilltop Hotel consisting of 130 suites
located on three acres of hilltop property by Interstates 10 and
57, Cal-Poly Tech University, and the Los Angeles County
fairgrounds, Fairplex.

Diamond is the owner of a 161-room hotel located in Pomona,
California.  Diamond believes that the fair market value of the
Diamond Hotel is approximately $12 million.

Each of the hotels is secured by a first priority lien in the
principal amount of $5,250,000.  In addition, the hotels jointly
serve as collateral for a junior secured obligation in the
principal amount of $2,500,000.  Based on the foregoing, the
principal aggregate amount of the secured debt is $13 million.  In
addition, the unsecured debt is under $500,000.  Thus, the total
debt of the Debtors' estates is approximately $13,500,000.

Although several offers were received with respect to the hotels,
a stalking horse bidder emerged for the Diamond Hotel only.  No
stalking horse bidder has been approved for the Hilltop Hotel.
The best offer for the purchase of the Diamond Hotel was submitted
by 3200 Temple Associates, LLC.  At a hearing held on June 5, the
Bankruptcy Court approved Temple Associates as stalking horse
bidder with an opening bid of $8,275,000, and approved certain bid
procedures in connection with the sale of the Diamond Hotel.

In the event that Temple Associates is not the successful final
bidder of the Diamond Hotel, it will receive a breakup fee equal
to $248,250, subject to the terms of the sale agreement.

                    About Coastline and Diamond

Coastline Investments, doing business as Hilltop Suites Hotel, and
Diamond Waterfalls LLC, doing business as Diamond Bar Inn &
Suites, filed Chapter 11 bankruptcy petitions (Bankr. C.D. Cal.
Case No. 14-13028 and 14-13030) in Los Angeles on Feb. 18, 2014.
The cases are jointly administered under Lead Case No. 14-30328.

Coastline Investments is the owner of a hotel located at the top
of a prominent hill with sweeping views in Pamona, California.
The Hilltop Hotel consists of 130 suites located on three acres of
hilltop property by Interstates 10 and 57, Cal-Poly Tech
University, and the Los Angeles County fairgrounds, Fairplex.  The
Hilltop Hotel has three hotel floors along with two levels of
parking and features and outdoor pool, spa, exercise fitness
center, sauna, steam room and a full service restaurant, lounge,
meeting spaces and a banquet ballroom to accommodate 300 guests.

Diamond is the owner of a 161-room hotel located in Pomona,
California.  The Diamond Hotel is a full-service hotel, which
includes a business center, meeting facilities, pool, spa, fitness
center, steam, sauna and offices.

Debtor Coastline Investments disclosed $12,002,061 in asset and
$8,164,554 in liabilities as of the Chapter 11 filing.

The Debtors acquired both of the hotels through voluntary Chapter
11 bankruptcy court 11 U.S.C. Sec. 363 sales in February 2012.
The Hilltop Hotel was acquired from Shilo Inn, Pamona Hilltop, LLC
(Case No. 11-26270) and the Diamond Hotel was acquired from Shilo
Inn, Diamond Bar LLC (Case No. 10-60884).

The Debtors sought bankruptcy protection after the receiver
appointed for the hotels scheduled a trustee sale for both hotels.
The receiver was appointed at the behest of the investor group
which provided a secured loan of $2,500,000, which the Debtors
defaulted.  The Debtors also have loans from First General Bank
each in the amount of $5,250,000.

Shin-Chung Liu is the 100% membership owner and managing member of
both of the Debtors.  The Debtors' affairs are managed by Liberty
Capital Management Corporation.

Judge Richard M. Neiter has been assigned to the cases.

The Debtors are represented by David B. Golubchick, and J.P.
Fritz, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P., in Los
Angeles, California.

No committee of unsecured creditors was appointed in the case.


COMPLETE LANDSCAPING: Court Dismisses Salmeron Cross-Claim
----------------------------------------------------------
U.S. Bankruptcy Judge Dale L. Somers granted the Motion of Hodge
Acquisitions, L.C. to Dismiss "Amended Cross Claim" of Defendant
Peter Salmeron in the case, COMPLETE LANDSCAPING SYSTEMS, INC.,
PLAINTIFF, v. LAURA ACKERMAN, PETER SALMERON HODGE ACQUISITIONS,
L.C., et al., DEFENDANTS, Adv. Proc. No. 14-5058 (Bankr. D. Kan.).

The Amended Cross-Claim was filed by Salmeron against Laura
Ackerman and Hodge Acquisitions.  The primary claim is a breach of
contract against Ackerman.  One of the contracts alleged to have
breached is that described in the Debtor's Complaint as follows:
"As part of the Stock Sale [on December 30, 2009] Ackerman
purchased 99% of Debtor's stock from Salmeron for $448,379.99, and
paid the purchase price exclusively in the form of a promissory
note to Salmeron."

Salmeron alleges $400,000 remains due.

The second contract which Salmeron seeks to enforce is Ackerman's
alleged guaranty of over $1 million of obligations of the Debtor
to Salmeron.

In addition to the breach of contract claim, Salmeron states a
state law fraudulent transfer claim alleging that Ackerman's
transfer of her interest in real property to Hodge was fraudulent
as to Salmeron, such that he is entitled to execute on the real
property to satisfy his future judgment on the breach of contract
claim. This is the same real property which the Trustee seeks to
recover in this adversary case as fruits of the Debtor's
fraudulent transfers to Ackerman.

Hodge is a cross-claim defendant because of his alleged interest
in the real property.

Hodge moves to dismiss on the basis that the bankruptcy court
generally has no jurisdiction over state law claims between non-
debtors, that only the Trustee may bring a fraudulent transfer
claim, and that the filing of the Amended Cross-Claim constitutes
a breach of fiduciary duty of Salmeron to Debtor's estate, since
upon information and belief Salmeron has obtained full stock
ownership of the Debtor post-petition.

Salmeron responds that the Court has related to jurisdiction of
the Amended Cross-Claim.

The Court finds it unnecessary to address these arguments. Since
the Amended Cross-Claim was filed, Ackerman has sought Chapter 11
bankruptcy protection by filing a petition, case no. 14-11683, on
July 22, 2014. That bankruptcy case is also before Judge Somers.

The Court held that absent relief from stay, which has not been
sought, Salmeron's breach of contract claim against Ackerman must
be asserted in Ackerman's bankruptcy case.  Likewise, Salmeron's
claim of an interest in Ackerman's real property is a claim for
adjudication in Ackerman's bankruptcy case.  The Amended Cross-
Claim filed in Complete Landscaping Systems' adversary proceeding
must therefore be dismissed because the claims asserted are within
the exclusive jurisdiction of this Court in Ackerman's bankruptcy
case.

A copy of the Court's September 4, 2014 Memorandum Opinion and
Order is available at http://is.gd/GvU6FPfrom Leagle.com.

Hodge is represented by:

     Michael Morris, Esq.
     KLENDA AUSTERMAN LLC
     301 N Main St #1600
     Wichita, KS 67202
     Tel: 316-267-0331
     E-mail: jmmorris@klendalaw.com

Peter Salmeron is represented by:

     Kurt A. Harper, Esq.
     SHERWOOD, HARPER, DAKAN, UNRUH & PRATT, L.C.
     833 N Waco Ave
     Wichita, KS 67203
     Tel: 316-267-1281

Complete Landscaping Systems, Inc., based in Wichita, Kansas,
filed for Chapter 11 (Bankr. D. Kan. Case No. 13-12530) on
September 30, 2013.  Judge Dale L. Somers oversees the case.
David P Eron, Esq., at Eron Law, P.A., serves as the Debtor's
counsel.  In its petition, the Debtor listed total assets of $1.46
million and total liabilities of $6.14 million.  The petition was
signed by Laura Ackerman, authorized individual.


CONNEAUT LAKE PARK: Trustees Hire Bankruptcy Attorney
-----------------------------------------------------
The Associated Press reported that the trustees of Conneaut Lake
Park, a 122-year-old amusement park in northwestern Pennsylvania,
have hired an attorney to file Chapter 11 bankruptcy in hopes of
preventing a sheriff's sale of the park to satisfy more than
$910,000 in overdue county, school and municipal property taxes.
According to the report, the bankruptcy filing is needed to freeze
the park's assets and prevent the sheriff's sale while the park
maps out a plan to repay creditors all or part of the $2.5 million
owed to creditors in addition to the delinquent taxes.


COSTA DORADA APARTMENT: Wins Dismissal of Chapter 11 Case
---------------------------------------------------------
Costa Dorada Apartment sought the dismissal of the chapter 11 case
which the court granted and ordered dismissed on July 24, 2014
through Judge Enrique S. Lamoutte.

On May 10, 2011, Costa Dorada Apartment filed a voluntary petition
for relief under chapter 11 of the bankruptcy code. The filing
stemmed for the imminent execution of a judgment against Costa
Dorada Apartment's properties which was obtained through a
collection of money and foreclosure proceeding brought by
Scotiabank.

Scotiabank afforded Costa Dorada Apartment an attempt to sell
certain real properties, the proceeds of which is to be applied to
the Scotiabank's secured debt. Costa Dorada Apartment's efforts
coincided with the general economic recession which severally
impaired the real estate industry. Thus, the minimal offers
received are not sufficient for the reorganization.

On January 13, 2014, Scotiabank requested the lifting of the stay
in favor of creditor, in as much as the claim was not paid. Hence,
for the best interest of Costa Dorada Apartment, creditors and
parties in interest, the dismissal of the chapter 11 case was
sought for.

Costa Dorada Apartment is represented by:

     WIGBERTO LUGO MENDER
     USCPR 212304
     Centro Internacional de Mercadeo
     100 Carr. 165 Torre I Suite 501
     Guaynabo, PR 00968
     Tel: 787-707-0404
     Fax: 787-707-0412
     E-mail: wlugo@lugomender.com

                  About Costa Dorada Apartments

Costa Dorada Apartments Corp., dba Villas De Costa Dorada, in
Isabela, Puerto Rico, filed for Chapter 11 bankruptcy (Bankr.
D.P.R. Case No. 11-03960) on May 10, 2011.  The Debtor disclosed
$10.7 million in assets and $8.6 million in liabilities as of the
Chapter 11 filing.  The Hon. Enrique S. Lamoutte Inclan, presides
over the case.  The petition was signed by Carlos R. Fernandez
Rodriguez, its president.  Wigberto Lugo Mender, Esq., at Lugo
Mender & Co., in Guaynabo, Puerto Rico, represents the Debtor as
counsel.

The project Villas de Costa Dorada, consisted of 48 units complex
submitted to the horizontal property regime of Puerto Rico. The
project and its operation evolved and encompassed within the
complex apartments owned by private parties for residential
purposes and apartments dedicated to operation of a business by
the debtor.

The remaining apartments which were not sold were mainly used as
Condo-Hotel and time sharing facility. The project was chartered
by the Puerto Rico tourism department as a condo hotel facility.


CUMULUS MEDIA: Unveils New Organizational Leadership Structure
--------------------------------------------------------------
Cumulus Media Inc. disclosed it is putting in place a new
organizational leadership structure to enhance the Company's
strategic and operational focus and leverage its business
platform.  The announcement follows the completion of the
integration of Citadel and Westwood One.

Lew Dickey, chairman, president and chief executive officer of
Cumulus Media, said, "Our vision has been to build the radio
company of the future and that is exactly what we are achieving.
Towards that end, we have strategically broadened the Company's
scope and now have in place differentiated distribution channels
and multiple content development platforms.  To accelerate our
plans, we are putting in place a new organizational structure to
reflect the Company's strategic evolution, bringing clarity, focus
and accountability to key leadership roles in both our station and
network groups."

As part of the executive organizational changes, Cumulus will be
eliminating its co-chief operating officer positions, previously
held by Jon Pinch and John Dickey.  Mr. Pinch will be retiring at
the end of November, after more than 45 years in the broadcasting
industry and 14 years with Cumulus.  Mr. Pinch will receive a
severance payment equal to the sum of his base salary and target
bonus amount, each as currently in effect, together with a cash
payment equal to any performance-based bonus to which he may
become entitled for 2014, pro rated through the date of his
retirement, and he will be entitled to the continuation of certain
health and welfare benefits.  In addition, fifty percent of any
unvested equity awards held by Mr. Pinch will become immediately
and fully vested, and the remaining amount will terminate and be
forfeited, effective at such time as Mr. Pinch ceases to be an
employee of the Company.

The following newly-created leadership positions will report
directly to Lew Dickey.
   -- Executive Vice President of Radio - Cumulus has engaged
      executive search firm Spencer Stuart to assist in
      identifying an exceptional candidate for the newly-created
      position of executive vice president of Radio.  The
      executive that assumes this position will be focused on
      providing day-to-day operational and strategic leadership of
      Cumulus' radio station group consisting of 460 stations in
      90 U.S. markets.

   -- Executive Vice President of Content and Programming - John
      Dickey, who served as Co-COO since 2006, was named to the
      newly-created position of executive vice president of
      Content and Programming.  He will focus on developing and
      maximizing content and programming.  Establishing this
      focused position recognizes the critical importance of
      Cumulus' development and promotion of content and
      programming across the Company's station group, Westwood One
      network and other media platforms including Nash and Rdio.

   -- President of Westwood One - Steve Shaw, who joined Cumulus
      in early 2013 and served as head of national spot sales for
      Cumulus' station group, will serve as president of Westwood
      One and oversee all national and digital sales for Westwood
      One, Cumulus' station group and Rdio.

                        About Cumulus Media

Cumulus Media Inc. (CMLS) combines high-quality local programming
with iconic, nationally syndicated media, sports and entertainment
brands in order to deliver premium choices for listeners, provide
substantial reach for advertisers and create opportunities for
shareholders.  As the largest pure-play radio broadcaster in the
United States, Cumulus provides exclusive content that is fully
distributed through approximately 460 owned-and-operated stations
in 90 U.S. media markets (including eight of the top 10), more
than 10,000 broadcast radio affiliates and numerous digital
channels.  Cumulus is well-positioned in the widening digital
audio space through a significant stake in the Rdio digital music
service, featuring 30 million songs on-demand in addition to
custom playlists and exclusive curated channels.  Cumulus is also
the leading provider of country music and lifestyle content
through its NASH brand, which will serve country fans through
radio programming, NASH magazine, concerts, licensed products and
television/video. For more information, visit www.cumulus.com

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debts that topped
$97 million as of June 30, 2011.

Cumulus Media reported net income attributable to common
shareholders of $165.40 million in 2013 following a net loss
attributable to common shareholders of $54.16 million in 2012.
As of June 30, 2014, the Company had $3.79 billion in total
assets, $3.27 billion in total liabilities and $526.26 million in
total stockholders' equity.

                        Bankruptcy Warning

"The lenders under the Credit Agreement have taken security
interests in substantially all of our consolidated assets, and we
have pledged the stock of certain of our subsidiaries to secure
the debt under the Credit Agreement.  If the lenders accelerate
the required repayment of borrowings, we may be forced to
liquidate certain assets to repay all or part of such borrowings,
and we cannot assure you that sufficient assets will remain after
we have paid all of the borrowings under such Credit Agreement.
If we were unable to repay those amounts, the lenders could
proceed against the collateral granted to them to secure that
indebtedness and we could be forced into bankruptcy or
liquidation," the Company said in the 2013 Annual Report.

                           *     *     *

Standard & Poor's Ratings Services, in September 2014, revised its
rating outlook on Atlanta, Ga.-based Cumulus Media Inc. to stable
from positive.  S&P also affirmed its 'B' corporate credit and
existing debt ratings on the company.

As reported by the TCR on April 3, 2013, Moody's Investors Service
downgraded Cumulus Media, Inc.'s Corporate Family Rating to B2
from B1 and Probability of Default Rating to B2-PD from B1-PD.
The downgrades reflect Moody's view that the pace of debt
repayment and delevering will be slower than expected.  Although
EBITDA for 4Q2012 reflects growth over the same period in the
prior year, results fell short of Moody's expectations.


CYPRESS COVE: Fitch Rates $66MM Series 2012 Revenue Bonds 'BB+'
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the expected issuance
of $20.0 million Lee County Florida Industrial Development
Authority (IDA) healthcare facilities revenue bonds series 2014
issued on behalf of Cypress Cove at HealthPark Florida, Inc.
(Cypress Cove).  In addition, Fitch assigns a 'BB+' rating to the
following revenue bonds issued by the Lee County IDA on behalf of
Cypress Cove:

   -- $66.0 million series 2012.

The Rating Outlook is Stable.

The series 2014 bonds are expected to be issued as fixed rate.
Proceeds will be used to pay a portion of the costs to construct
and equip a 44-unit memory care assisted living facility to be
located on the existing campus, fund 14-months of capitalized
interest and a debt service reserve fund and pay costs of
issuance.  The series 2014 bonds are expected to price the week of
Sept. 15, 2014 via negotiated sale.

SECURITY

The bonds will be secured by a pledge of gross revenues, an
assignment of the obligor's interest in a ground lease on land
which the Community is located and a debt service reserve fund.

KEY RATING DRIVERS

IMPROVED OCCUPANCY AND ENTRANCE FEE RECEIPTS: The assignment of
the 'BB+' rating reflects Cypress Cove's sharp improvement in
occupancy and cash flow.  Cypress Cove's net entrance fee receipts
have increased significantly over the last three audited years
reflecting drastically improved independent living unit (ILU)
occupancy.  Net entrance fee receipts increased from $4.7 million
in fiscal 2011 to $13.4 million in fiscal 2013, and were $12
million through the nine-month interim period of 2014 (ended
June 30, 2014).  From 2011 through the nine month interim period,
occupancy in Cypress Cove's 363 ILUs improved to 93.7% from a low
of 75.4%.  Management is expecting occupancy to be maintained at
95% over the medium term.

LEE MEMORIAL HEALTH SYSTEM AFFILIATION: The sole corporate member
of Cypress Cove is Lee Healthcare Resources, a support
organization for both Cypress Cove and Lee Memorial Health System
(LMHS), a four hospital system located in Lee County, FL.  While
Cypress Cove is not part of LMHS nor is LMHS in anyway obligated
on Cypress Cove's debt, Fitch believes the two organizations have
a close working relationship that benefits Cypress Cove both
strategically and financially.  Cypress Cove is located on land
owned by Lee Healthcare Resources for which it pays an annual
ground lease payment that is subordinate to debt service payments.
Ground Lease payments were deferred when Cypress Cove was facing
occupancy challenges and in a weaker financial position.
Management expects lease payments to become current by 2022 and
the ground lease cannot be terminated as long as Cypress Cove's
debt is outstanding.

HIGH PRO-FORMA DEBT BURDEN: Cypress Cove's pro forma total debt
outstanding will equal approximately $86 million upon closing of
the series 2014 issue.  Pro-forma maximum annual debt service
(MADS) is estimated at $5.7 million which equates to a high 17.2%
of 2014 total annualized revenues based on the nine-month interim
results.  Historical pro-forma coverage of MADS has been strong at
2.0x and 2.5x in fiscal 2012 and 2013 reflecting the sharp
increase in occupancy and entrance fee receipts.  Fitch expects
coverage to normalize around 2.0x over the medium term.

WEAK LIQUIDITY METRICS: Since fiscal year end 2011, Cypress Cove
has grown its unrestricted cash and investments position from
$10.4 million to $22.1 million at June 30th, 2014.  Cypress Cove's
key liquidity indicators (including days cash on hand of 293.7,
pro-forma cushion ratio of 3.8x and cash-to-pro-forma debt of
25.7%) although improved are weak for the rating level.  Further,
management projects the absolute level of cash and investment to
remain steady at approximately $20.0 million over the next four
years as cash flow is used to reinvest in capital improvements to
the community.  Thus, while cushion and cash to debt ratios should
be maintained, days cash hand is expected to decline to 207 in
2018.

COMPETITIVE SERVICE AREA: Cypress Cove is located approximately
seven miles away from Shell Point Retirement Communities, a 1,204
ILU continuing care retirement community.  While Shell Point is
Cypress Cove's largest competitor it does not offer a dedicated
Memory Care facility, which should help Cypress Cove's marketing
and sales efforts going forward.

RATING SENSITIVITIES

SUSTAINED OPERATING PERFORMANCE: Management intends to use cash
flow from operations to reinvest in the community over the next 3-
4 years.  As a result, Cypress Cove does not expect to grow its
unrestricted cash and investment position from current levels.
Upward movement of the rating is unlikely and would be predicated
on strengthening its liquidity position and metrics which are more
consistent with 'BBB' category medians as well as a moderation in
its debt burden.  Any erosion in occupancy or compression in
profitability that would weaken debt service coverage from
projections would likely pressure the rating.

SUCCESSFUL COMPLETION OF CAPITAL PROJECT: Fitch expects Cypress
Cove to complete their Memory Care project on time and on budget.
Any material deviations from the proposed project scope that
materially impacts Cypress Cove's financial position may lead to
negative rating pressure.

CREDIT PROFILE

Located in Fort Myers, FL Cypress Cove is primarily a type-A
continuing care retirement community consisting of 333 ILU
apartments, 30 ILU villas, 44 ALU apartments and a 64 bed skilled
nursing facility.  The Community opened in 1999 and is situated on
a 48-acre parcel of land that is part of 402-acre master
development called HealthPark Florida which also features the
HealthPark Medical Center (a 368-bed acute care hospital), part of
LMHS.  In fiscal 2013 Cypress Cove generated total revenues of
$25.4 million.

IMPROVED OCCUPANCY AND ENTRANCE FEE RECEIPTS

Cypress Cove has experienced a sharp increase in net entrance fee
receipts over the last three audited years as the community has
benefited from an improving real estate market combined with more
effective marketing strategies.  Net entrance fee receipts
increased from $4.7 million in fiscal 2011 to $13.4 million in
fiscal 2013, and were $12 million through the nine-month interim
period of 2014 (ended June 30, 2014).  From 2011 through the nine
month interim period, occupancy in Cypress Cove's 363 ILUs
improved to 93.7% from a low of 75.4%.  Cypress Cove maintains a
waitlist which totaled 61 interested parties that have paid a
$5,000 deposit.  Turnover in the ILUs has averaged between 36-40
units per year over the last four years or roughly 11-13%.
Management expects ILU occupancy to stabilize at 95% over the
medium term.  Occupancy in the ALUs and SNFs has been solid over
the last three fiscal years ranging between 90%-95% in each year,
respectively.

The Memory Care Project consists of a 38,000 square foot two story
building containing 44 all-private assisted living memory care
units.  The facility's design will be based on the neighborhood
care model and will feature four distinct households consisting of
11 residential units each.  Cypress Cove has signed a Guaranteed
Maximum Price contract with the construction manager for the
project which also includes payment and performance bonds and
provision for liquidated damages.  According to management,
Cypress Cove's main competitors do not offer separate memory care
services and there is a growing demand for that service line.
Fitch believes that the project will be accretive to Cypress Cove
over the medium to long term, as the community demand for memory
care services continues to increase.  Moreover, upon opening of
the project Cypress Cove should be able to transfer certain
residents from within the community which should allow for
additional turnover of existing ILUs.

HIGH PRO-FORMA DEBT BURDEN

Cypress Cove's pro forma total debt outstanding will equal
approximately $86 million upon closing of the series 2014 issue.
Pro-forma maximum annual debt service (MADS) is estimated at $5.7
million which equates to a high 17.2% of 2014 total annualized
revenues based on the nine-month interim results.  The Ground
Lease expense was $914,000 in fiscal 2012 and $1.05 million in
fiscal 2013.  Given the subordination of the ground lease payment
to debt service, Fitch has added back the lease expense to
revenues available for debt service in calculating historical pro-
forma MADS coverage.  Historical pro-forma coverage of MADS has
been strong at 2.0x and 2.5x in fiscal 20112 and 2013 reflecting
the sharp increase in occupancy and entrance fee receipts.
Through the nine month interim period, coverage of pro-forma MADS
coverage improved to 3.9x.

Historical operating profitability excluding turnover entrance fee
receipts has been weak as measured by operating ratio and net
operating margin.  In fiscal 2013, Cypress Cove posted an
operating ratio of 120.9% and a net operating margin (NOM) of -
3.0% which are weak compared a 'BB' category peer group.  Through
the nine month interim period, operating ratio and NOM improved to
114% 3% and 0.4%, respectively.  Fitch notes that operating ratio
and NOM reflect the impact of Cypress Cove's fully amortizing
lifecare contracts, higher expenses related to improving occupancy
of the ILUs and the expenses related to the ground lease and
management fees paid.  Net operating margin-adjusted of 37.3% in
2013 and 40.8% through the nine-month interim period reflect the
strong entrance fee receipts collected.  Given Cypress Cove's
current ILU occupancy, Fitch expects NOM-adjusted to normalize at
around 25% going forward which should generate coverage of around
2.0x over the medium term.

WEAK LIQUIDITY POSITION

Since fiscal year end 2011, Cypress Cove has grown its
unrestricted cash and investments position from $10.4 million to
$22.1 million at June 30th, 2014.  Cypress' key liquidity
indicators (including days cash on hand of 293.7, pro-forma
cushion ratio of 3.8x and cash-to-pro-forma debt of 25.7%)
although improved are weak for the rating level.  However, further
liquidity growth was inhibited in 2013 by management's decision to
make a $4.0 million payment towards deferred ground lease payable
and a $750,000 repayment of an outstanding line of credit.  As of
June 30, Cypress had a $6.4 million deferred ground lease payable
liability and $0 outstanding under a $2.0 million line of credit.
Management projects the absolute level of cash and investment to
remain steady at approximately $20.0 million over the next four
years as cash flow is used to reinvest in capital improvements to
the community.  In addition, management expects to make annual
payments of the ground lease as well as pay down the outstanding
amounts under the deferred ground lease payable by fiscal 2022.
Thus, while cushion and cash to debt ratios should be maintained,
days cash on hand is expected to decline to 207 in 2018.

ONGOING DISCLOSURE

Cypress Cove is expected to provide audited financials within
[120] days of its fiscal year end and quarterly unaudited
financials within [45] days of its fiscal quarter end to the EMMA
system, which includes balance sheet, income statement and
statement of cash flow, covenant performance, and occupancy
statistics.


DETROIT, MI: Judge Puts Off Decision on Water Shut Offs
-------------------------------------------------------
Karen Pierog, writing for Reuters, reported that U.S. Bankruptcy
Judge Steven Rhodes has ordered the city of Detroit and civil
rights attorneys into two weeks of confidential mediation over the
city's practice of shutting off water to residents with unpaid
bills.  According to the report, Judge Rhodes will announce on
Sept. 17 whether he will issue a temporary restraining order on
Detroit's controversial attempt to reduce its $90 million backlog
of unpaid water bills.

                 About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DETROIT, MI: Files 6th Amended Plan for Adjustment of Debts
-----------------------------------------------------------
The City of Detroit, Michigan filed on Aug. 20, 2014, its Sixth
Amended Plan for the Adjustment of Debts.

The Plan contemplates, as part of its implementation, that the
city will obtain exit financing through the insurance of financial
recovery bonds.

On Aug. 27, 2014, the City executed a commitment letter with
Barclays Capital Inc., which, among other items, includes a
commitment from Barclays to provide up to $275 million in exit
financing.

A copy of a document showing the terms of the exit facility is
available for free at:

    http://bankrupt.com/misc/CDETROIT_7167_exitfacility.pdf

                   Postpetition Financing

Meanwhile, the City filed a notice amended order in connection
with motion for an order approving postpetition financing.

The amended order provides for, among other things:

   i) authorization for the City and the Detroit Water and Sewer
Department (DWSD), a department of the City, to:

   a) enter into and perform under:

      (1) a Bond Purchase Agreement for water supply system bonds
      by and among the Michigan Finance Authority and Citigroup
      Global Markets, Inc., acting on behalf of itself and as
      representative of the other underwriters named therein to be
      underwritten and publicly offered by the Underwriter, the
      proceeds of which will be used by the MFA solely to purchase
      the 2014 DWSD Revenue and Revenue Refunding Bonds;

      (2) a Bond Purchase Agreement for sewage disposal system
      bonds by and among the MFA and the Underwriter;

      (3) a purchase contract for water supply system bonds
      between the MFA and the City;

      (4) a purchase contract for sewage disposal system bonds
      between the MFA and the City;

      (5) a bond purchase and supplemental agreement for water
      supply system bonds by and among the MFA, DWSD, Citibank,
      N.A. and certain other banks to be named, together with one
      or more purchasers;

      (6) a bond purchase and supplemental agreement for sewage
      disposal system bonds by and among the MFA, DWSD, Citibank,
      N.A. and certain other banks to be named, together with one
      or more purchasers;

      (7) the Assured Insurance Commitment provided by Assured
      Guaranty Municipal Corp., formerly known as Financial
      Security Assurance Inc.;

      (8) the 2014 DWSD Refunding Bonds Insurance Policies in an
      amount not less than the principal amount of the outstanding
      Assured-insured Tendered Bonds, substantially on the terms
      set forth in the Motion and the Assured Insurance
      Commitment;

      (9) the 2014 DWSD Refunding Bonds Surety Policies as to
      reserve accounts that secure exclusively the Assured-insured
      2014 DWSD Revenue and Revenue Refunding Bonds in a principal
      amount equal to the DSRF requirement substantially on the
      terms set forth in the Assured Insurance Commitment; and

      (10) a commitment provided by National Public Finance
      Guarantee Corporation to insure certain of the 2014 DWSD
      Revenue and Revenue Refunding Bonds;

   b) issue, via a public offering or a private placement, one or
more series of Sewage Disposal System Revenue Bonds, Sewage
Disposal System Revenue Refunding Bonds and Water Supply System
Revenue Refunding Bonds.

A copy of the Amended Order is available for free at
http://bankrupt.com/misc/CDETROIT_7016_financing_Aord.pdf

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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


DETROIT, MI: S&P Hikes Rating on 5 CUSIPs of Rev. Bonds From 'D'
----------------------------------------------------------------
Standard & Poor's Ratings Services, on Sept. 5, 2014, raised its
ratings on five bond CUSIPs of Detroit's outstanding sewerage
disposal and water supply revenue bonds to 'BBB+' from 'D' as S&P
indicated it would do in its report dated Aug. 28, 2014.  The
outlook is stable.

"We assigned our 'BBB+' rating to these specific bond CUSIPs after
closing of the Michigan Finance Authority (MFA) series 2014C and D
bonds because now, the only outstanding portion of the bond CUSIPs
are the untendered portion not considered subject to a distressed
exchange," explained Standard & Poor's credit analyst Scott
Garrigan.  S&P also has a 'BBB+' rating on both the MFA series
2014C and D bonds and other sewer and water revenue bonds issued
by Detroit.

These bond CUSIPs were previously considered subject to a
distressed exchange, because some portion of each bond CUSIP was
purchased below par pursuant to a tender offer, which was financed
by the MFA series 2014C and D bonds, and the bond CUSIPs were
considered impaired for most of the duration of the tender
invitation period that ended on Aug. 21, 2014.


ECOSPHERE TECHNOLOGIES: Has $2.43-Mil. Net Loss for 2nd Quarter
---------------------------------------------------------------
Ecosphere Technologies, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $2.43 million on $3,571 of total
revenues for the three months ended June 30, 2014, compared with a
net income of $27.29 million on $976,118 of total revenues for the
same period in 2013.

The Company's balance sheet at June 30, 2014, showed
$16.73 million in total assets, $2.96 million in total
liabilities, total redeemable convertible cumulative preferred
stock of $3.76 million and total stockholders' equity of $10
million.

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

                       http://is.gd/mBaoHq

                   About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere Technologies reported net income of $19.16 million in
2013 following net income of $1.05 million in 2012.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has a loss from operations and cash used in
operations along with an accumulated deficit.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


ELEPHANT TALK: Posts $4.61-Mil. Net Loss in Q2 Ended June 30
------------------------------------------------------------
Elephant Talk Communications Corp. filed its quarterly report on
Form 10-Q, disclosing a net loss of $4.61 million on $6.91 million
of revenues for the three months ended June 30, 2014, compared
with a net loss of $7.69 million on $4.99 million of revenues for
the same period last year.

The Company's balance sheet at June 30, 2014, showed
$44.7 million in total assets, $23.2 million in total liabilities
and total stockholders' equity of $21.5 million.

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

                       http://is.gd/Flz6tu

Elephant Talk Communications Corp. designs and supplies Software
Defined Network Architecture platforms to the telecommunication
providers.  The Oklahoma City-based Company serves a wide range of
Mobile Network Operators, including Vodafone, Zain, and T-Mobile.


ELTRON SUPPLY: Schneider Liable to Philips Lighting for $240,000
----------------------------------------------------------------
The U.S. District Court for the Eastern District of New York on
July 2, 2014, issued a memorandum and order denying Barry A.
Schneider's second motion, pursuant to Rule 60 of the Federal
Rules of Civil Procedure, to vacate the District Court's earlier
order granting Philips Lighting Company summary judgment and stay
execution of judgment in connection with a 1985 agreement in which
Schneider agreed to personally guarantee certain debts of debtor
Eltron Supply, Ltd.  The Court reserved decision as to the amount
of damages and requested further briefing because it appeared that
Philips pursued an inflated damages figure and the Court had not
been fully apprised of amounts Philips received from Eltron's
bankruptcy estate in satisfaction of the debt.

In its earlier ruling, the District Court concluded that Schneider
is liable on half of the debt owed by Eltron.  In its Aug. 1, 2014
letter to the Court, Philips maintains that Eltron's debt to it is
$578,635.  However, the evidence before the Court shows that on
July 19, 2004, Philips stipulated with Eltron's bankruptcy trustee
that Eltron owed it $468,635.  Although Philips has omitted any
mention of this stipulation from its August 1, 2014 statement on
damages, the stipulation itself is in the record.  The Court holds
Philips to its stipulation.

In its Aug. 1, 2014 letter, Philips admits that it received
distributions in the amount of $46,864 and $9,373 from the Eltron
bankruptcy estate, in satisfaction of Eltron's debt.

According to District Judge Sandra L. Townes, $56,236 is
subtracted from the initial $468,635 debt, leaving a total of
$412,399.  Judge Townes ruled that Schneider is liable to Philips
for half of that amount: $206,199 plus $35,782 in attorney's fees,
plus 9% interest per annum from Feb. 2, 2007 until the date of
entry of judgment, Oct. 10, 2008.

A copy of Judge Townes' Aug. 28, 2014 Memorandum and Order is
available at http://tinyurl.com/mfd889vfrom Leagle.com.

The case is, PHILIPS LIGHTING COMPANY, a division of Philips
Electronics North America Corporation, Plaintiff, v. BARRY A.
SCHNEIDER, Defendant, NO. 05-CV-4820 (SLT) (MDG) (E.D.N.Y.).

Philips Lighting Company is represented by:

     Brian D. Spector, Esq.
     Douglas A. Goldstein, Esq.
     SPECTOR & EHRENWORTH, P.C.
     30 Columbia Turnpike, Suite 202
     Florham Park, NJ 07932-2261
     Tel: 973-593-4800 x116
     Fax: 973-593-4848
     E-mail: bspector@selawfirm.com
             dgoldstein@selawfirm.com

Barry A. Schneider is represented by:

     Alan M. Lebensfeld, Esq.
     LEBENSFELD BORKER SUSSMAN & SHARON LLP
     140 Broad StreetRed Bank, NJ, 07701
     Tel: (732) 530-4600
     Fax: (732) 530-4601

Eltron filed for Chapter 11 bankruptcy on Dec. 16, 2002.


EDGENET INC: Seeks Until Nov. 13 to File Ch. 11 Plan
----------------------------------------------------
El Wind Down, Inc., f/k/a Edgenet Inc., and EHC Holding Wind Down
Corp., f/k/a Edgenet Holding Corporation, ask the U.S. Bankruptcy
Court for the District of Delaware to extend until Nov. 13, 2014,
their exclusive right to file a Chapter 11 plan, and until Jan. 9,
2015, their exclusive right to solicit acceptances of that plan.

The Debtors said in court papers that the additional time will
allow for the resolution of the issue of Ernest Han-ping Wu's
alleged security interest and address other pressing issues.  The
Debtors initiated an adversary proceeding against Mr. Wu, the
representative of certain owners as defined the an acquisition
agreement and plan of merger among Edgenet Holding Corporation,
Edgenet Acquisition Corp., Edgenet, Inc., and certain owners of
Edgenet Inc., seeking avoidance of a preferential transfer and
avoidance of a security interest.  The Debtors add that during the
additional time, they are hopeful the outcome of the Wu Adversary
will be decided, thereby providing them with the necessary
information as to how to structure any plan it may file.

A hearing on the Debtors' extension request is scheduled for
Sept. 29, 2014, at 9:30 a.m.  Objections are due Sept. 18.

The Debtors are represented by Raymond H. Lemisch, Esq., Domenic
E. Pacitti, Esq., and Margaret M. Manning, Esq., at Klehr Harrison
Harvey Branzburg LLP, in Wilmington, Delaware; and Morton R.
Branzburg, Esq., at Klehr Harrison Harvey Branzburg LLP, in
Philadelphia, Pennsylvania.

                       About Edgenet Inc.

Edgenet, Inc., and Edgenet Holding Corp. are providers of cloud-
based content and applications that enable companies to sell more
products and services with greater ease across multiple channels
and devices.  Edgenet has three business locations: Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.

Edgenet Inc. and Edgenet Holding filed for Chapter 11 bankruptcy
protection in Delaware (Lead Case No. 14-10066) on Jan. 14, 2014.

Edgenet Inc. estimated assets of at least $10 million and
liabilities of $100 million to $500 million.

Raymond Howard Lemisch, Esq., at Klehr Harrison Harvey Branzburg
LLP, in Wilmington, Delaware, serves as counsel to the Debtors;
Glass Ratner Advisory & Capital Group LLC is the financial
advisor; JMP Securities, LLC, is the investment banker, and Phase
Eleven Consultants, LLC, is the claims and noticing agent.

The U.S. Trustee did not form an official unsecured creditors
committee as no sufficient interest has been generated from
creditors.

Fred Marxer, Timothy Choate and Davis Carr, individuals and
holders of a segment of the promissory notes issued in 2004 that
have been referred to by Edgenet, Inc., et al., requested that the
Court issue an order appointing an official committee of Seller
Noteholders, or in the alternative, an official committee of
unsecured creditors, with members appointed from the Seller
Noteholders who agree to waive any continued security interest
arising from the Seller Notes.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed on
March 13, 2014, five noteholders to serve on the Official
Committee of Note Holders.  In May, Bankruptcy Judge Brendan L.
Shannon denied Edgenet Inc., et al.'s motion to disband the
Noteholders Committee.

The Noteholders Committee has retained Morris James LLP's Jeffrey
R. Waxman, Esq.; and Cooley LLP's Cathey Hershcopf, Esq., and
Jeffrey L. Cohen, Esq., as co-counsel to the Committee.

An auction of the Debtors' assets was held on June 6, 2014, and
EdgeAQ, L.L.C., was declared the successful bidder.  The
Bankruptcy Court approved the sale on June 12, and the sale closed
on June 16.  Edgenet Inc. changed its name to El Wind Down, Inc.,
and Edgenet Holding Corporation to EHC Holding Wind Down Corp.


ENDEAVOUR INT'L: Misses Interest Payments, Cut by S&P to 'D'
------------------------------------------------------------
Standard & Poor's Rating Services lowered its corporate credit on
Endeavour International Corp. to 'D' from 'CCC' and the issue-
level ratings on the company's first-priority notes and second-
priority notes to 'D' from 'CCC-' and 'CC', respectively. The 'D'
ratings reflect missed interest payments and S&P's expectation
that payments will not be made on the company's 12% first-priority
notes due March 2018 and 12% second-priority notes due June 2018.
At the same time, S&P revised the recovery rating on the first-
priority notes to '4' from '5'.  S&P also revised its recovery
rating on the second-priority notes to '5' from '6'.

The downgrade is a result of the company's decision not to pay
approximately $33.5 million in interest that was due on Sept. 2,
2014, on its 12% first priority notes due March 2018, 12% second
priority notes due June 2018, and 6.5% convertible senior notes
due November 2017.  S&P do not rate the convertible notes.

The company has entered into a 30-day grace period during which it
could make the interest payments.  The company is engaged with
representatives of certain holders of its various classes of debt
regarding the potential terms under which its debt could be
restructured to deleverage the company.

If the company decides not to make the payments by the end of the
grace period, the requisite holders of the notes could accelerate
the repayment of the principal due.  This would result in cross-
defaults to other debt of the company and its subsidiaries.


ERNIE HAIRE FORD: 11th Cir. Affirms 2nd Amended Plan Modification
-----------------------------------------------------------------
The U.S. Court of Appeals, Eleventh Circuit tossed Benjamin
Atkinson's appeal from the district court's affirmance of the
bankruptcy court's orders granting Ernie Haire Ford, Inc.'s motion
to modify its Second Amended and Restated Chapter 11 Plan and
confirming the Debtor's Third Amended Plan of Reorganization.

"Because Atkinson's interest in avoiding liability is not an
interest protected or regulated by the Bankruptcy Code, he has
failed to satisfy our person aggrieved standard.  Accordingly, we
affirm," the Eleventh Circuit said.

The Debtor, a licensed Ford dealer operating in Hillsborough
County, Florida, filed for Chapter 11 bankruptcy on November 24,
2008.  The Debtor's Second Plan was confirmed by the bankruptcy
court on October 14, 2009.  Among other things, the Second Plan
empowered a liquidating agent, at its discretion, to sue third
parties alleged to owe money to the bankruptcy estate. The Second
Plan also provided that "[a]ll Litigation not already pending at
the time of the Effective Date shall be brought prior to the
Litigation Bar Date or shall be conclusively deemed waived or
abandoned."  Additionally, the Second Plan allowed the bankruptcy
court to "enjoin any Person from commencing, instituting, or
pursuing a suit, action, or claim . . . that is barred pursuant to
the Plan" upon the request of "any defendant."

Atkinson is a former creditor who was employed by the Debtor from
1999 through 2005.  In 2006 a jury awarded Atkinson a judgment
against the Debtor, but Atkinson was unable to recover because the
Debtor filed for bankruptcy while an appeal was still pending.
Atkinson originally filed a proof of claim with the bankruptcy
court and spent a period of time serving on the Creditor's
Committee that appointed the liquidating agent. However, he
withdrew his proof of claim on October 27, 2011 and resigned from
the Committee in January 2012.

On December 30, 2011, well after the passage of the Litigation Bar
Date, the liquidating agent named Atkinson as a defendant in 16
adversary proceedings alleging claims of fraud and
misappropriation related to Atkinson's employment. Atkinson moved
to enjoin the liquidating agent from proceeding with these claims
on the grounds that they were filed after the Litigation Bar Date.
In response, the Debtor filed a motion to modify the Second Plan
that sought to amend the definition of the Litigation Bar Date to
allow the adversary proceedings against Atkinson to go forward.
The bankruptcy court heard the Debtor's motion during a hearing
held on March 6, 2012 and announced its ruling three days later on
March 9.

The bankruptcy court determined that a modification could occur
based on its finding that the Second Plan had not been
substantially consummated because the Debtor still controlled a
number of assets -- valued between $2 million and $3 million --
that were required to be sold under the Second Plan. The Debtor
subsequently filed its Third Plan, which modified the Litigation
Bar Date to allow the adversary proceedings against Atkinson to go
forward. The bankruptcy court confirmed the Third Plan at a
hearing on June 5, 2012 and entered an order on June 21, 2012.

On appeal, the district court affirmed the bankruptcy court's
grant of the motion to modify and subsequent confirmation of the
Third Plan.  Atkinson elevated the matter to the Appeals Court.

The case is, BENJAMIN ATKINSON, Plaintiff-Appellant, v. ERNIE
HAIRE FORD, INC., Defendant-Appellee, No. 13-11810 (11th Cir.).  A
copy of the Eleventh Circuit's September 4, 2014 decision is
available at http://is.gd/ea4KDMfrom Leagle.com

Headquartered in Tampa, Florida, Ernie Haire Ford, Inc. --
http://ernie-haireford.dealerconnection.com-- has been a Ford
dealer for about 38 years.  The Company also sells used and new
automobiles.  Ernie Haire Ford does business as Ernie Harie
Megavolume Superstore, BigDog Motorcycles of Tampa, Quicklane Tire
& Auto Center, Ernie Haire Used Car Supercenter of Tampa, Ernie
Haire Used Car Auto Mall, and Indian Motorcycle of Tampa.

The Company filed for Chapter 11 protection (Bankr. M.D. Fla. Case
No. 08-18672) on Nov. 24, 2008.  Attorneys at G. T. Hodges, P.A.,
represented the Debtor in its restructuring effort.  When the
Debtor filed for protection from its creditors, it listed assets
and debts of $10 million to $50 million each.

Elder Automotive Group won the right to acquire the Company in an
auction in August 2009.  Elder Automotive paid $6.5 million for
Ernie Haire, including a $3.5 million payment to the bankruptcy
estate.


EVOLUCIA INC: Has $854K Net Loss in Second Quarter
--------------------------------------------------
Evolucia, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $854,034 on $180,076 of sales for the
three months ended June 30, 2014, compared with a net loss of
$3.29 million on $406,776 of sales for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed
$1.32 million in total assets, $11.56 million in total
liabilities, and a stockholders' deficit of $10.24 million.

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

                       http://is.gd/bB3efA

Evolucia, Inc., engages in the business of designing,
manufacturing, marketing and distributing light emitting diode
lighting fixtures.  It also produces and sells several products
that provide LED lighting solutions for roadways and walkways,
parking lots and garages and other area lighting solutions.  The
company was founded in 2007 and is headquartered in Sarasota,
Florida.


FL 6801 SPIRITS: General Claims Bar Date Set for September 12
-------------------------------------------------------------
In the Chapter 11 case of FL 6801 Spirits, Judge Shelley C.
Chapman entered an order setting the general claim bar date on
September 12, 2014 at 5:00 pm Eastern Time.  In addition, December
1, 2014 is set as the government unit bar date.

On June 1, 2014, the debtors filed a voluntary petition for relief
under chapter 11 of the bankruptcy code. The debtors continue to
manage and operate their businesses with no committee appointed
for unsecured creditors.

On the same day the debtors filed their petition, the debtors
sought approval of the sale of substantially all of their assets
to 360 Miami Hotel and Spa LLC. The court, on July 1, 2014,
approved the bidding procedures and bid protections in connection
with the sale. Thus, in order to complete the chapter 11 process
and make distributions to creditors, the complete and accurate
information regarding the nature, validity, classification and
amount of claims is required. Hence, Togut, Segal & Segal,
attorneys for the debtor, filed the motion to set bar dates on
July 9, 2014.

FL 6801 Spirits is represented by:

     TOGUT, SEGAL & SEGAL LLP
     Frank A. Oswald, Esq.
     One Penn Plaza, Suite 3335
     New York, NY 10119
     Tel: 212-594-5000

                     About FL 6801 Spirits

FL 6801 Spirits LLC, a wholly owned subsidiary of Lehman Brothers
Holdings Inc. and three of its wholly owned subsidiaries filed
voluntary Chapter 11 petitions, seeking bankruptcy protection for
their condominium hotel property in Miami Beach.  The affiliates
are FL 6801 Collins North LLC, FL 6801 Collins Central LLC, and FL
6801 Collins South LLC.

FL Spirits' Canyon Ranch Living Hotel and Spa is a luxury full-
service, ocean front condominium hotel located at the site of the
old Carillon Hotel in Miami Beach, Florida.  The current operator
of the hotel, Canyon Ranch Living, is not a debtor, and operations
at the property are expected to continue without interruption.

FL Spirits and the three affiliates companies have sought joint
administration, with pleadings to be maintained at FL 6801's case
docket (Bankr. S.D.N.Y. Lead Case No. 14-11691).

FL Spirits has tapped Togut, Segal & Segal LLP as general
bankruptcy counsel, Shutts & Bowen LLP as special real estate
counsel, CBRE, Inc., as real estate broker, and Prime Clerk as
claims and notice agent.

Lehman Brothers filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Lehman's Chapter 11 plan became
effective on March 6, 2012.

                           *     *     *

FL Spirits is pursuing a sale process for the hotel property under
11 U.S.C. Sec. 363 where 360 Miami Hotel & Spa LLC will be the
stalking horse bidder.  The purchaser will acquire the hotel
lot (including the spa) and 13 condominium units for $12 million,
absent higher and better offers.  Upon a successful closing of the
transaction, the project will be managed by the Enchantment Group,
an operator of award-winning resorts and destination spas,
including Mii amo, a destination spa at Enchantment Resort.


FL 6801 SPIRITS: Files Schedules of Assets and Liabilities
----------------------------------------------------------
FL 6801 Spirits LLC filed with the U.S. Bankruptcy Court for the
Southern District of New York its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $1,684,221
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,369,635
                                 -----------      -----------
        TOTAL                            $0        $3,053,856

The Debtor filed its Schedules on July 30, 2014.  The Debtor
previously sought and obtained an extension of the deadline to
file its Schedules as well as Statements of Affairs.

                    About FL 6801 Spirits

FL 6801 Spirits LLC, a wholly owned subsidiary of Lehman Brothers
Holdings Inc. and three of its wholly owned subsidiaries filed
voluntary Chapter 11 petitions, seeking bankruptcy protection for
their condominium hotel property in Miami Beach.  The affiliates
are FL 6801 Collins North LLC, FL 6801 Collins Central LLC, and FL
6801 Collins South LLC.

FL Spirits' Canyon Ranch Living Hotel and Spa is a luxury full-
service, ocean front condominium hotel located at the site of the
old Carillon Hotel in Miami Beach, Florida.  The current operator
of the hotel, Canyon Ranch Living, is not a debtor, and operations
at the property are expected to continue without interruption.

FL Spirits and the three affiliates companies have sought joint
administration, with pleadings to be maintained at FL 6801's case
docket (Bankr. S.D.N.Y. Lead Case No. 14-11691).

FL Spirits has tapped Togut, Segal & Segal LLP as general
bankruptcy counsel, Shutts & Bowen LLP as special real estate
counsel, CBRE, Inc., as real estate broker, and Prime Clerk as
claims and notice agent.

Lehman Brothers filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Lehman's Chapter 11 plan became
effective on March 6, 2012.


FLORIDA GAMING: Creditor Trustee Hires Salazar Jackson as Counsel
-----------------------------------------------------------------
Soneet R. Kapila, the Creditor Trustee of the Florida Gaming
Creditor Trust, seeks authorization from the U.S. Bankruptcy for
the Southern District of Florida to employ Salazar Jackson, LLP as
general counsel for the Creditor Trustee, nunc pro tunc to Aug. 6,
2014.

The Creditor Trustee requires Salazar Jackson to:

   (a) give advice to the Creditor Trustee with respect to the
       management of the Creditor Trust;

   (b) prepare motions, pleadings, orders, applications, and other
       legal documents necessary in the administration of the
       Creditor Trust;

   (c) protect the interests of the Creditor Trust in all matters
       pending before the Court and before other Courts; and

   (d) advise the Creditor Trustee regarding the orderly
       administration of the Creditor Trust, to, among other
       things, maximize distributions to beneficiaries.

Salazar Jackson will be paid at these hourly rates:

       Luis Salazar             $450
       Linda Jackson            $450
       Jesse R. Cloyd           $350
       Celi S. Aguilar          $285
       Ali-Marcelle Lee-Sin     $140
       Partners                 $450
       Of Counsel             $350-$425
       Associates             $285-$375
       Law Clerks             $210-$270
       Paralegals             $120-$185

Salazar Jackson will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Luis Salazar, co-founder and partner of Salazar Jackson, 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.

Salazar Jackson can be reached at:

       Luis Salazar, Esq.
       SALAZAR JACKSON LLP
       Two S. Biscayne Blvd., Ste. 3760
       Miami, FL 33131
       Tel: (305) 374-4848
       Fax: (305) 397-1021
       E-mail: Salazar@SalazarJackson.com

                       About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company disclosed debt of $138.3 million and assets of
$180 million in its petition.  Its parent, Florida Gaming Corp.
(FGMG:US), and two other affiliates also sought court protection.

Bankruptcy Judge Robert A. Mark oversees the case.  The Debtors
are represented by Luis Salazar, Esq. and Jesse R. Cloyd, Esq. at
Salazar Jackson, LLP of Miami, Florida.

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.

                           *     *     *

The Debtors have sold their assets to Fronton Holdings, LLC, an
entity established by ABC Funding.  The $140,000,000 purchase
price consisted of a credit bid of $99,907,336 on account
of the Loan Claim and cash in the amount of $40,092,664.  The
Bankruptcy Court approved the sale on April 7, 2014.  The parties
consummated the 363 Sale on April 30.

The Debtors have submitted to the Bankruptcy Court a Disclosure
Statement explaining their Second Amended Joint Plan of
Liquidation dated June 16, 2014.  The Plan serves as a separate
plan of liquidation for each of the Debtors.  The Plan does not
seek to effect a substantive consolidation or other combination of
the separate estates of each Debtor but instead provides that
creditors of each Debtor will be permitted to assert their claims
only against the Debtor(s) which they hold Allowed Claims.

The Bankruptcy Court on July 23, 2014, entered an order confirming
Florida Gaming Corporation and its subsidiary, Florida Gaming
Centers, Inc.'s Second Amended Joint Chapter 11 Plan of
Liquidation dated July 16, 2014.


FLORIDA GAMING: Creditor Trustee Taps KapilaMukamal as Advisors
---------------------------------------------------------------
Soneet R. Kapila, the Creditor Trustee of the Florida Gaming
Creditor Trust, seeks authorization from the U.S. Bankruptcy for
the Southern District of Florida to employ KapilaMukamal, LLP as
financial consultants and accountants to the Creditor Trustee,
nunc pro tunc to Aug. 6, 2014.

The Creditor Trustee seeks to retain KapilaMukamal in connection
with this case because he believes the firm is well qualified to
act as its financial consultant and accountant.  The professional
services that KapilaMukamal is expected to render to the Creditor
Trustee include, but are not limited to, the following:

   (a) provide financial consulting and accounting services and
       oversee the financial operating and other reports required
       by the Bankruptcy Court, the Office of the United States
       Trustee, and other parties in interest in these Chapter 11
       cases;

   (b) evaluate and analyze tax issues, including, without
       limitation, compliance and reporting requirements and
       related issues;

   (c) provide litigation support and testimony, as necessary,
       with respect to the matters on which KapilaMukamal is to be
       engaged; and

   (d) provide such other financial consulting and accounting
       services as may from time to time, be reasonable and
       necessary, as requested by the Creditor Trust.

KapilaMukamal will be paid at these hourly rates:

       Partners                 $380-$530
       Professionals            $120-$314
       Para Professionals       $120-$160

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

Melissa Davis, partner of KapilaMukamal, 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.

KapilaMukamal can be reached at:

       Melissa Davis
       KAPILAMUKAMAL, LLP
       1000 South Federal Hwy., Ste. 200
       Fort Lauderdale, FL 33316
       Tel: (954) 761-1011
       Fax: (954) 761-1033
       E-mail: mdavis@kapilaco.com

                       About Florida Gaming

Florida Gaming Centers Inc. filed for Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 13-29597) in Miami on Aug. 19, 2013.
Florida Gaming Centers operates a casino and jai-alai frontons in
Miami.  The Company disclosed debt of $138.3 million and assets of
$180 million in its petition.  Its parent, Florida Gaming Corp.
(FGMG:US), and two other affiliates also sought court protection.

Bankruptcy Judge Robert A. Mark oversees the case.  The Debtors
are represented by Luis Salazar, Esq. and Jesse R. Cloyd, Esq. at
Salazar Jackson, LLP of Miami, Florida.

ABC Funding, LLC, as Administrative Agent for a consortium of
prepetition lenders, and the prepetition lenders are represented
by Dennis Twomey, Esq., and Andrew F. O'Neill, Esq., at SIDLEY
AUSTIN LLP, in Chicago, Illinois; and Drew M. Dillworth, Esq., and
Marissa D. Kelley, Esq., at Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., in Miami, Florida.  The Prepetition
Lenders are Summit Partners Subordinated Debt Fund IV-A, L.P.,
Summit Partners Subordinated Debt Fund IV-B, L.P., JPMorgan Chase
Bank, N.A., Locust Street Funding LLC, Canyon Value Realization
Fund, L.P., Canyon Value Realization Master Fund, L.P., Canyon
Distressed Opportunity Master Fund, L.P., and Canyon-GRF Master
Fund II, L.P.

Counsel to the Official Joint Committee of Unsecured Creditors are
Glenn D. Moses, Esq., and Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A., in Miami, Florida.

                           *     *     *

The Debtors have sold their assets to Fronton Holdings, LLC, an
entity established by ABC Funding.  The $140,000,000 purchase
price consisted of a credit bid of $99,907,336 on account
of the Loan Claim and cash in the amount of $40,092,664.  The
Bankruptcy Court approved the sale on April 7, 2014.  The parties
consummated the 363 Sale on April 30.

The Debtors have submitted to the Bankruptcy Court a Disclosure
Statement explaining their Second Amended Joint Plan of
Liquidation dated June 16, 2014.  The Plan serves as a separate
plan of liquidation for each of the Debtors.  The Plan does not
seek to effect a substantive consolidation or other combination of
the separate estates of each Debtor but instead provides that
creditors of each Debtor will be permitted to assert their claims
only against the Debtor(s) which they hold Allowed Claims.

The Bankruptcy Court on July 23, 2014, entered an order confirming
Florida Gaming Corporation and its subsidiary, Florida Gaming
Centers, Inc.'s Second Amended Joint Chapter 11 Plan of
Liquidation dated July 16, 2014.


FOCUS CAPITAL: Insurance Proceeds Belong to Bankruptcy Estate
-------------------------------------------------------------
District Judge Paul Barbadoro in New Hampshire affirmed a
bankruptcy court ruling that Focus Capital Inc.'s insurance policy
and its proceeds are property of the estate.  A copy of the
District Court's Sept. 2 Memorandum and Order Opinion is available
at http://is.gd/00cXqMfrom Leagle.com.

Bedford, NH-based Focus Capital is an investment company for which
Nicholas Rowe served as president and majority owner.  Focus
Capital purchased an errors and omissions liability insurance
policy from Twin City Fire Insurance Company.  The policy
obligates Twin City to "pay Loss[es] on behalf of the Insureds
resulting from a Claim . . . against the Insureds . . . for a
Wrongful Act in the Performance of Investment Advisor Professional
Services. . . ." "Loss" is defined as damages, settlements, or
judgments against Focus Capital or its officers when acting as an
Investment Adviser.  The "Insureds" include both the "Insured
Entity" and "Insured Persons," meaning that the policy covers
claims brought against both Focus Capital and its officers.  The
policy includes coverage limitations of $1 million per occurrence
and $2 million aggregate.  It is a so-called "wasting policy,"
meaning that the coverage limit is reduced by any costs paid in
defense of Focus Capital or its officers when disputing claims
covered by the policy.

Beginning in 2011, several clients of Focus Capital became aware
of significant losses to their portfolios.  Believing that Rowe's
mismanagement caused the losses, a group of investors filed an
arbitration claim against Focus Capital and Rowe and later
obtained a substantial award against both respondents.

On Nov. 27, 2012, a FINRA arbitration panel awarded the Investors
over $1.8 million in damages.  The next day, the Investors filed a
motion to confirm the award and for entry of individual judgments
in the state court action.

Facing liabilities vastly outstripping its assets, Focus Capital
on Dec. 4, 2012, filed a voluntary petition for Chapter 11
bankruptcy (Bankr. D. N.H. Case No. 12-13683), listing the
Investors' award among its liabilities.  Judge J. Michael Deasy
presided over the case.  Peter N. Tamposi, Esq., at The Tamposi
Law Group, P.C., served as the Debtor's counsel.  In its petition,
the Debtor estimated under $50,000 in assets and under $10 million
in liabilities.  A list of the Company's 20 largest unsecured
creditors filed with the petition is available for free at
http://bankrupt.com/misc/nhb12-13683.pdf

The Investors responded on Dec. 11, 2012, by filing an emergency
motion seeking a determination that the arbitration proceeding and
the declaratory judgment action were not subject to the automatic
stay.  The trustees, the New Hampshire Secretary of State, and
Focus Capital's creditors all objected to the motion, and the
bankruptcy court denied it as premature due to questions regarding
which creditors were entitled to proceeds under the policy.

In March 2013, the U.S. Trustee filed a motion to convert Focus
Capital's Chapter 11 petition into a Chapter 7 proceeding. The
Investors opposed the motion, requesting instead that the petition
be dismissed outright.  On April 25, 2013, the bankruptcy court
granted the U.S. Trustee's motion because it deemed liquidation
and the distribution of Focus Capital's assets to be in the best
interest of creditors and the estate.

On July 26, 2013, the Investors filed a motion to dismiss Focus
Capital's bankruptcy petition claiming bad faith, personal animus,
and the lack of any legitimate bankruptcy purpose.  On Aug. 9, the
Investors again filed a motion seeking a determination that the
automatic stay did not apply to the declaratory judgment action
and the arbitration proceeding.  The Investors based their
challenge to the applicability of the automatic stay principally
on their contention that the proceeds of the Twin City policy did
not qualify as property of the bankruptcy estate.

On Jan. 10, 2014, the bankruptcy court denied both of the motions
of the Investors.

The Investors -- now creditors in the bankruptcy proceeding --
seek appellate review of the bankruptcy court's ruling that their
attempt to enforce the award against Focus Capital's insurer is
subject to the automatic stay.

The case is, Frances Straccia, et al. v. Joshua E. Menard, Chapter
7 Trustee of the Estate of Focus Capital, Inc., et al., CIVIL NO.
14-CV-80-PB (D. N.H.).

Focus Capital, Inc., is represented by:

     Peter N. Tamposi, Esq.
     THE TAMPOSI LAW GROUP, P.C.
     159 Main St
     Nashua, NH 03060
     Tel: 603-204-5513
     E-mail: peter@thetamposilawgroup.com

Investors Frances Straccia et al. are represented by:

     William S. Gannon, Esq.
     WILLIAM S. GANNON PLLC
     889 Elm St # 401
     Manchester, NH 03101
     Tel: 603-769-4756

Joshua E. Menard, the Chapter 7 trustee, is represented by:

     Gregory A. Moffett, Esq.
     Patricia M. Jeray, Esq.
     PRETI FLAHERTY BELIVEAU PACHIOS LLP
     57 North Main Street
     Concord, NH 03301
     E-mail: gmoffett@preti.com
             pjeray@preti.com


GILES-JORDAN: Taps Stephen G. Schulz to Obtain Various Permits
--------------------------------------------------------------
Giles-Jordan, Inc., in an amended application, asks the Bankruptcy
Court for permission to employ Stephen G. Schulz and Greer, Herz &
Adams, LLP, as special counsel to assist with applications to
obtain various permits.

Mr. Schulz charges a rate of $350 per hour for his services.

According to the Debtor, the firm and Mr. Schulz have represented
the Debtor previously relating to the development of the property
and permits.  The firm has an unsecured claim for $22,837.

To the best of Debtor's knowledge, Mr. Schulz and the firm are
"not adverse persons" within the meaning of Section 101(14) of the
Bankruptcy Code.

The Debtor is represented by:

         Jeffrey Wells Oppel, Esq.
         OPPEL & GOLDBERG, P.L.L.C
         1010 Lamar, Suite 1420
         Houston, TX 77002
         Tel: (713) 659-9200
         Fax: (713) 659-9300
         E-mail: joppel@ogs-law.com

                     About Giles-Jordan, Inc.

Giles-Jordan, Inc., filed a Chapter 11 bankruptcy petition in its
hometown in Galveston, Texas (Bankr. S.D. Tex. Case No. 14-80173)
on May 5, 2014.  The Debtor disclosed $12 million in total assets
and $4.81 million in liabilities, including $3.72 million of
secured debt.  Its lone asset is a 39.16-acre property at 230 East
Beach Drive, in Galveston, Texas.  Galveston Shores, LP, of
Carlsbad, California, is the holder of the secured debt.

The case is assigned to Judge Letitia Z. Paul.  The Debtor is
represented by Jeffrey Wells Oppel, Esq., at Oppel & Goldberg,
PLLC, in Houston, Texas.


GM FINANCIAL: S&P Puts 'BB' ICR on CreditWatch Positive
-------------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB' issuer credit
ratings and 'BB-' unsecured debt rating on General Motors
Financial Co. Inc. (GMF) on CreditWatch with positive
implications.

General Motors Co. (GM) announced that it has put in place a
support agreement for its wholly owned captive finance subsidiary
GMF.  "We view the support agreement as a more concrete commitment
of support from GM for GMF in both good times and stressful
conditions," said Standard & Poor's credit analyst Kevin Cole.

In and of itself, the support agreement does not warrant S&P to
change GMF's group status from "highly strategic" (as S&P's
criteria describe the term; capping GMF's rating one notch below
the parent) to "core" (which would result in the alignment of
S&P's issuer credit ratings on GM and GMF).  However, S&P do
considers the support agreement as a positive because it indicates
improving linkages between GMF and its financially stronger parent
company GM since GMF's acquisition by GM in Oct. 2010.  In
assessing the group status of GMF, S&P will also consider key
factors such as GMF's increasing domestic scope and scale of
global operations and how close it is to reaching its goals in
regional market share.  S&P will also review the level of
commitment from GM's senior management to GMF, which has increased
over the last several years.  More importantly, S&P views the
agreement as another sign of the increased likelihood that GMF
will become a full captive finance subsidiary from its initial
role as a source of incremental funding to subprime GM-vehicle
buyers.

S&P will also consider GMF's improving funding profile and its
importance to the consolidated organization as it originates a
greater proportion of GM's domestic business.  A potential
negative consideration will be the U.S. Department of Justice
subpoena served to GMF in early August.

S&P intends to resolve the CreditWatch listing in the next 90
days.  In considering whether to revise the group status of GMF
from highly strategic to core, S&P will assess if a combination of
the above factors have led S&P to conclude that GMF is integral to
GM's current identity and future strategy.  "We would need to
believe that GM is likely to support GMF under any foreseeable
circumstances," said Mr. Cole.


GUANWEI RECYCLING: Gets NASDAQ Listing Non-Compliance Notice
------------------------------------------------------------
Guanwei Recycling Corp. on Sept. 8 disclosed that the Company
received notice from The NASDAQ Stock Market LLC on August 25,
2014 that the Company was not in compliance with the Listing Rules
of NASDAQ since the Company had not filed its Quarterly Report on
Form 10-Q for the quarter ended June 30, 2014.

As described in more detail in a Form 8-K filed by the Company on
August 26, 2014, the Company is afforded 30 calendar days to
prepare and submit a plan of compliance.  However, there can be no
assurance that the Company will develop a plan to regain
compliance, or that Nasdaq will accept such plan.

                  About Guanwei Recycling Corp.

Guanwei Recycling Corp. -- http://www.guanweirecycling.com-- is
clean tech manufacturer of recycled low density polyethylene in
China.  The Company has generated rapid growth producing recycled
LDPE from plastic waste procured mostly in Europe.  The Company
sells the recycled LDPE to more than 300 customers (including over
150 active recurring customers) in more than ten different
industries in China.  The Company is licensed by Chinese
authorities and also has been issued a Compliance Certificate by
TšV Rheinland, which issues certificates of approval for certain
plastics manufacturers that meet Germany's strict environmental
standards.  This enables the Company to procure high quality
plastic waste directly from Germany and other European countries
with no middlemen, and permits highly economic production of the
highest grades of LDPE.


KID BRANDS: Gets Court OK to Tap University Management Associates
-----------------------------------------------------------------
Kid Brands, Inc., et al., sought and obtained Bankruptcy Court
permission to hire University Management Associates & Consultants
Corporation (UMAC) in connection with the recovery of certain of
their accounts receivables, effective as of July 29, 2014.

UMAC will be paid a contingency fee as follows:

   (i) 3% when an invoice is paid within 100 days of the invoice
       date;

  (ii) 6% when an invoice is paid over 100 days from the invoice
       date; and

(iii) 18% on monies collected on deductions/chargebacks where the
       payment is obtained repaying the deduction previously
       taken, unless the deduction or chargeback was based on a
       "buyers hold" in which case the 3% to 6% rate will apply.

In addition, UMAC will be indemnified and held harmless by the
Debtors from and against any and all actions, claims, losses and
damages as a result of any actions or claims brought by the
Debtors' customers against UMAC.

Paul Rome, chief executive officer of UMAC, assures the Court that
UMAC is a "disinterested person" as the term is defined in Sec.
101(14) of the Bankruptcy Code.

                         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.

In August 2014, Bonnie Glantz Fatell, Esq., was appointed as
consumer privacy ombudsman as per the behest of the U.S. Trustee.

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

On July 2, 2014, 5he U.S. Trustee for Region 3 appointed a
3-member panel consisting of (1) Disney Consumer Products, Inc.,
(2) Markup Corp. dba Kids Basics, and Structure Tone, Inc., to
serve as the official unsecured creditors' committee.


KID BRANDS: Committee Gets Nod to Tap Kelley Drye as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Kid Brands, Inc.,
et al., sought and obtained Bankruptcy Court authority to retain
Kelley Drye & Warren LLP as its counsel nunc pro tunc to July 2,
2014.

Kelley Drye will render, among other things, these legal services
to the Committee:

(a) Advise the Committee with respect to its rights, duties and
     powers in these chapter 11 cases;

(b) Assist/advise the Committee in its consultations with the
     Debtors in connection with the administration of these
     chapter 11 cases;

(c) Assist the Committee in its investigation of the acts,
     conduct, assets, liabilities and financial condition of the
     Debtors, operation of the Debtors' businesses and the
     desirability of continuing or selling such businesses and/or
     assets under 11 U.S.C. Sec. 363, the formulation of a chapter
     11 plan, and any other matter relevant to these chapter 11
     cases;

(d) Assist the Committee in analyzing the claims of the Debtors'
     creditors and the Debtors' capital structure and in
     negotiating with holders of claims and other interests,
     including analysis of possible objections to the priority,
     amount, subordination, or avoidance of claims and/or
     transfers of property in consideration of those claims;

(e) Advise/represent the Committee in connection with matters
     generally arising in these cases, including the sale of
     assets, Debtors' postpetition financing, the use of cash
     collateral, and the rejection or assumption of executory
     contracts and unexpired leases;

(f) Appear before the Bankruptcy Court, and any other federal,
     state or appellate court; and

(g) Prepare, on behalf of the Committee, any pleadings.

Kelley Drye's standard hourly rates are:

          Partners           $535 to $950
          Counsel            $440 to $670
          Associates         $330 to $645
          Paraprofessionals  $170 to $345

By agreement with the Committee, Kelley Drye has agreed to limit
the hourly rate of each attorney to the lesser of (a) $625 per
hour, and (b) the individual attorney's standard hourly rate
discounted by 10%.  This agreement is subject to the firm's
standard annual adjustment in January of each year.

Kelley Drye professionals that will be working on the Debtors'
cases, and their business addresses, are:

          Eric R. Wilson, Esq. (admitted pro hac vice )
          Kristin S. Elliott, Esq.
          Timothy B. Martin, Esq. (admitted pro hac vice )
          KELLEY DRYE & WARREN LLP
          101 Park Avenue
          New York, New York 10178
          Tel No: (212)808-7800
          Fax No: (212)808-7897
          Email: ewilson@kelleydrye.com
                 kelliott@kelleydrye.com

               -- and --

          200 Kimball Drive
          Parsippany, New Jersey 07054
          Tel No: (973)503-5900
          Fax No: (973)503-5950

Eric Wilson, Esq., a Kelley Drye professional, assures the Court
that his Firm does not represent nor hold any interest adverse to
the Debtors or their estates and is a "disinterested person" as
that term is defined in Sec. 101(14) of the Bankruptcy Code.

Mr. Wilson further asserts that Kelley Drye intends to make a
reasonable effort to comply with the U.S. Trustee requests for
information and additional disclosures as set in its New
Guidelines for Reviewing Applications for Compensation and
Reimbursement of Expenses Filed Under 11 Sec. 330 by Attorneys in
Large Chap. 11 cases.

                         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.

In August 2014, Bonnie Glantz Fatell, Esq., was appointed as
consumer privacy ombudsman as per the behest of the U.S. Trustee.

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

On July 2, 2014, 5he U.S. Trustee for Region 3 appointed a
3-member panel consisting of (1) Disney Consumer Products, Inc.,
(2) Markup Corp. dba Kids Basics, and Structure Tone, Inc., to
serve as the official unsecured creditors' committee.


KID BRANDS: Committee Can Hire Emerald Capital as Finc'l Advisors
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Kid Brands, Inc.,
et al., sought and obtained Bankruptcy Court authority to hire
Emerald Capital Advisors Corp. as its financial advisors, nunc pro
tunc to July 7, 2014.

As financial advisors, Emerald Capital will render these services:

  (a) Review/analyze the Debtors' operations, financial condition,
      business plan, strategy, and operating forecasts;

  (b) Assist the Committee in evaluating any proposed debtor-in-
      possession financing;

  (c) Assist in the determination of an appropriate capital
      structure for the Debtors;

  (d) Assist the Committee in its review of various financial
      reports prepared for submission to the Court;

  (e) Advise the Committee as it assesses the Debtors' executory
      contracts;

  (f) Assist/advise the Committee in connection with its
      identification, development, and implementation of
      strategies related to the potential recoveries for the
      unsecured creditors as it relates to any plan of
      reorganization or liquidation of the Debtors;

  (g) Assist the Committee in understanding the business and
      financial impact of various restructuring and/or liquidation
      alternatives of the Debtors;

  (h) Assist the Committee in its analysis of the Debtors'
      financial restructuring process;

  (i) Assist the Committee in evaluating, structuring and
      negotiating the terms and conditions of any proposed
      transactions, including the value of the securities, if any;

  (j) Assist in the evaluation of any asset sale processes,
      including the identification of potential buyers;

  (k) Assist in evaluating the terms, conditions, and impact of
      any proposed asset sale transactions;

  (l) Assist the Committee in evaluation any proposed merger,
      divestiture, joint-venture, or investment transaction;

  (k) Assist the Committee in evaluating the terms, conditions,
      and impact of any proposed asset sale transactions;

  (l) Assist the Committee in evaluating any proposed merger,
      divestiture, joint-venture, or investment transaction;
      and

  (m) Assist the Committee to value the consideration offered by
      the Debtors to unsecured creditors in connection with the
      sale(s) of the Debtors' assets or a restructuring.

The range of billing rates for Emerald professionals who may be
involved in rendering services to the Committee are:

                                               Hourly Rate
   John P. Madden, senior managing director      $600
   Joseph R. Scopo, vice president               $450
   Associates                                    $300
   Senior Analysts                               $250
   Analysts                                      $200

The total monthly fees will be capped at $65,000 for the first
month and $50,000 for every month thereafter.  Should the total
monthly fees for any of the first 3 months not reach the
applicable Monthly Fee Cap, Emerald will be permitted to charge
hours to the preceding and/or successive months until the Monthly
Fee Cap is reached.

Emerald will also be seeking reimbursement for out-of-pocket
expenses and other charges incurred in connection with its
services in the case.

John P. Madden, Senior Managing Director of Emerald Capital
Advisors, assures the Court that his Firm is a "disinterested
person" as the term is defined under Sec. 101(14) of the
Bankruptcy Code.

                         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.

In August 2014, Bonnie Glantz Fatell, Esq., was appointed as
consumer privacy ombudsman as per the behest of the U.S. Trustee.

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

On July 2, 2014, 5he U.S. Trustee for Region 3 appointed a
3-member panel consisting of (1) Disney Consumer Products, Inc.,
(2) Markup Corp. dba Kids Basics, and Structure Tone, Inc., to
serve as the official unsecured creditors' committee.


HANSEN MEDICAL: Reports $12.29-Mil. Net Loss for June 30 Quarter
----------------------------------------------------------------
Hansen Medical, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $12.29 million on $6.89 million of total
revenues for the three months ended June 30, 2014, compared with a
net loss of $13.45 million on $3.34 million of total revenues for
the same period last year.

The Company's balance sheet at June 30, 2014, showed $53.9 million
in total assets, $46.09 million in total liabilities and total
stockholders' equity of $7.79 million.

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

                       http://is.gd/ZgLaOf

Hansen Medical, Inc., develops, manufactures and markets a
generation of medical robotics designed for accurate positioning,
manipulation and stable control of catheters and catheter-based
technologies.  The Company's products include Sensei Robotic
Catheter System, or Sensei system, Magellan Robotic System,
Artisan Control Catheter, or Artisan catheter, Lynx Robotic
Ablation Catheter, or Lynx catheter and CoHesion 3D Visualization
Module, or CoHesion Module.  During the year ended December 31,
2011, the Company had shipped a total of 109 Sensei systems, of
which 63 were shipped in the United States and 46 were shipped to
the rest of the world.  During 2011, it had recognized revenue on
a total of 103 of these Sensei systems.  As of December 31, 2011,
it had shipped one Magellan Robotic System in Europe and one
vascular research system in the United States. As of December 31,
2011, 76 Sensei systems the Company had shipped were configured
with the CoHesion Module.


HAROLD OSTENSON: Dismissal of Derivative Lawsuit Affirmed
---------------------------------------------------------
The Court of Appeals of Washington, Division Three, affirms the
trial court's dismissal of Harold and Shirley Ostenson's
derivative action brought on behalf of Pac Organic Fruit, LLC,
against Greg Holzman, Greg Holzman, Inc., and Total Organic.

The case revolves around business disputes, between local
orchardists Harold and Shirley Ostenson, husband and wife, and San
Francisco businessman Greg Holzman, concerning the operation of a
Grant County orchard packing facility.  Although the Ostensons and
Holzman were ostensibly partners, the parties jointly established
a limited liability company, Pac Organic, through which they
conducted business with one another.  Greg Holzman formed
additional companies to shield himself from individual liability
and inserted those companies into his business relationships with
the Ostensons.  Greg Holzman, Inc., (GHI) was the company that
became a member of Pac Organic.  Both Greg Holzman and the
Ostensons blame the other for the deterioration of the packing
business.  The Ostensons eventually filed a Chapter 11 bankruptcy
petition that complicates and controls the outcome of this case.

The Ostensons sued Pac Organic, claiming the limited liability
company breached a lease for a fruit packing facility, failed to
pay for orchard crops, owes them unpaid wages, undercompensated
them, owes reimbursement for expenses incurred on behalf of the
company, failed to distribute profits, and breached fiduciary
duties.  Shirley and Harold Ostenson also bring a derivative
action, on behalf of Pac Organic against Greg Holzman and his
companies, GHI, and Total Organic Fruit, LLC.  The derivative
action alleges Holzman and his companies mismanaged Pac Organic.
This appeal concerns only the derivative action.

The trial court granted Greg Holzman's, GHI's, and Total Organic's
(collectively the Holzman defendants) CR 41(b)(3) motion to
dismiss, ruling that the Ostensons' bankruptcy dissociated them as
members from Pac Organic.  According to the trial court, because
they were dissociated, RCW 25.15.370 precludes the Ostensons from
bringing a derivative action. The Ostensons' nonderivative claims
against Pac Organic survive the trial court's ruling, but
presumably are worthless because of the financial condition of Pac
Organic.  The trial court directed a final judgment be entered,
under CR 54(b), in favor of the Holzman defendants, because there
was no just reason to delay entry of final judgment.

The Ostensons appeal the ruling dismissing the Holzman defendants.
They argue their bankruptcy filing did not remove them from
membership in Pac Organic and does not disqualify them from
asserting a derivative action on behalf of the limited liability
company. They also argue that, in the bankruptcy proceeding, the
Holzman defendants consented to their membership in Pac Organic
and this derivative action.  Finally, the Ostensons argue that the
Holzman defendants are judicially and collaterally estopped and
res judicata bars them from denying the Ostensons' standing to
bring the derivative action.

"We affirm the trial court's grant of the Holzman defendants'
motion to dismiss, because the Ostensons' bankruptcy filing
rendered them ineligible to maintain a derivative action," the
Court said.

"The Ostensons' story presents a primer on how not to conduct
business," the Court added.

A copy of the Court's Sept. 4 Opinion is available at
http://is.gd/OKdZOCfrom Leagle.com.

The case is, HAROLD OSTENSON and SHIRLEY OSTENSON, Appellants, v.
GREG HOLZMAN, INC., a foreign corporation authorized to do
business in the State of Washington, GREG HOLZMAN, an individual,
and TOTAL ORGANIC, LLC, a Washington limited liability company,
Respondents, Court of Appeals of Washington, Division Three.

The Ostensons are represented by:

     Maris Baltins, Esq.
     LAW OFFICES OF MARIS BALTINS, P.S.
     7 S. Howard St. Ste. 220
     Spokane, WA, 99201-3816

Holzman et al. are represented by:

     Daniel J. Appel, Esq.
     Attorney at Law
     124 N. Wenatchee Ave. Ste. A.
     Wenatchee, WA, 98801-2239

Harold T. Ostenson and Shirley M. Ostenson, in Wenatchee,
Washington, filed for Chapter 11 bankruptcy (Bankr. E.D. Wash.
Case No. 07-00058) on Jan. 9, 2007.  Judge Frank L. Kurtz presided
over the case.  Dan O'Rourke, Esq., at Southwell & O'Rourke,
served as counsel.  In their petition, the Ostensons estimated
$1 million to $100 million in both assets and debt.


HDGM ADVISORY: Hearing on Chapter 7 Conversion Set for Sept. 16
---------------------------------------------------------------
In the chapter 11 case of HDGM Advisory Services, the Bankruptcy
Court denied a request to continue hearing on the motion for
appointment of a chapter 11 trustee and second amended motion to
convert the case to chapter 7.  A hearing on the matters is set
for September 16, 2014.

Creditors KFH Capital Investment Company, K.S.C.C., formerly known
as Al-Muthanna Investment Company and Kuwait Finance House Real
Estate Company K.S.C.C., formerly known as Nakheel United Real
Estate, on August 13, 2014, filed a motion to appoint a chapter 11
trustee. The following day, August 14, 2014, KFH filed its second
amended motion to convert cases to chapter 7.  KFH asserted that
the debtors have no business operations and few choate assets.
Further, KFH asserted that the debtors have no reasonable prospect
of reorganization.

On August 21, 2014, Martha R. Lehman, on behalf of KFH, submitted
a notice of hearing with certificate of service regarding the
motion to convert and requested that hearing on the motion be held
on September 16, 2014.

Creditor State Bank of Lizton through a motion supports the
appointment of a chapter 11 trustee or, in the alternative,
conversion of the case to chapter 7.  State Bank of Lizton joins
the argument of KFH that the debtors have no business operations
and owns few real assets.

KFH is represented by:

     Mark R. Wenzel, Esq.
     Martha R. Lehman, Esq.
     KRIEG DEVAULT LLP
     One Indiana Square, Suite 2800
     Indianapolis, IN 46204-2079
     Tel: (317) 238-6277
     Fax: (317) 636-1507
     Email: mwenzel@kdlegal.com

          - and -

     Jonathan W. Jordan, Esq.
     KING & SPALDING LLP
     1180 Peachtree Street, 31st Floor
     Atlanta, GA 30309
     Telephone: (404) 572-3100

State Bank of Lizton is represented by:

     Mark R. Wenzel, Esq.
     KRIEG DEVAULT LLP
     One Indiana Square, Suite 2800
     Indianapolis, IN 46204-2079
     Tel: (317) 238-6277
     Fax: (317) 636-1507
     Email: mwenzel@kdlegal.com

               About HDGM Advisory Services

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

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

The cases are assigned to Judge James M. Carr.

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

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


HELIA TEC: Plan Disclosures Hearing Moved Due to Amendment
----------------------------------------------------------
The Bankruptcy Court has continued until Oct. 1, 2014, at 2:30
p.m., the hearing to consider adequacy of information in Helia Tec
Resources, Inc.'s First Amended Disclosure Statement accompanying
its Plan of Reorganization, according to the courtroom minutes.

Counsel for the Debtor has announced amendment to the Disclosure
Statement which resolved Rockwell Management's objection to the
First Amended Disclosure Statement.

The Court said that the hearing is continued to allow the
remaining parties to draft any supplements or changes.

As reported in the Troubled Company Reporter on Sept. 2, 2014,
Rockwell Management, as property manager for 1770 St. James, L.P.,
and HSC Holdings Co., Ltd., formerly known as GE&F Co. and
substantial shareholder in debtor Helia Tec Resources, Inc., each
objected to the First Amended Disclosure Statement.

Rockwell is the property manager with respect to the Debtor's
primary operating facility located at 1770 St. James, Suite 205,
Houston, Texas.  In June 2011, the Debtor entered into a 51-month
lease agreement with 1770 St. James Limited Partnership for the
lease of the Leased Premises.  Rockwell says in its Aug. 20, 2014
objection that there is no reference to the Lease in the Plan.
According to Rockwell, the only reference in the Disclosure
Statement pertaining to the Lease is a cryptic provision that
reads: "3.1.11 Since engaging new counsel, the Debtor has
dedicated significant time evaluating its real property leases and
exchanging information and ideas with its landlords and their
representatives.  At this point in the case, the leasehold
interest at 1770 St. James Place, Suite 205, Houston, Harris
County, Texas 77056 remains in place."

In a court filing dated Aug. 21, 2014, HSC objected to the
Disclosure Statement, claiming that the Plan is not confirmable
and that the Disclosure Statement does not contain adequate
information.  The Plan, says HSC, is not confirmable as it fails
to provide for the treatment of allowed equity interests and
improperly provides for no payment to HSC on account of its equity
interest in the Debtor by seeking to subordinate HSC's equity
interest to payment of all creditors and other equity interest
holders.  The Disclosure Statement should not be approved when the
Proposed Plan is patently unconfirmable, HSC states.

According to HSC, the Disclosure Statement also lacked adequate
information that would enable holders of claims and equity
interests to make an informed judgment about the Plan.  The
Disclosure Statement fails to provide adequate information
regarding the likelihood and amount of distributions to holders of
claims and equity interests.  HSC claims that in the Disclosure
Statement, the Debtor:

      a. does not fully or accurately disclose the terms or
         current status of the IPI Agreement, the IPI Interest,
         and the purported PIA Deposit;

      b. does not disclose or propose a plan to adjudicate HTR's
         alleged ownership in the IPI Interest with the necessary
         participation of current holders of title to that
         interest;

      c. fails to disclose that arbitration may be the only means
         of adjudicating ownership of the IPI Interest;

      d. mischaracterizes the shareholder derivative suit and
         seeks to obfuscate its value to the bankruptcy estate;

      e. does not disclose that the proposed plan agent lacks the
         requisite experience to execute the Plan.

                      About Helia Tec Resources

Helia Tec Resources, Inc. filed a Chapter 11 petition (Bankr. S.
D. Tex. Case No. 13-36251) on Oct. 3, 2013 in Houston, Texas,
represented by Richard L. Fuqua, II, Esq., at Fuqua & Associates,
PC, in Houston, as counsel to the Debtor. The Debtor listed
$16.15 million in assets and $2.24 million in liabilities. The
petition was signed by Cary E. Hughes, president.

Judy A. Robbins, U.S. Trustee for Region 7, was unable to appoint
an official committee of unsecured creditors in the Debtor's case.


HOVNANIAN ENTERPRISES: Files Q3 Form 10Q, Posts $17MM Net Income
----------------------------------------------------------------
Hovnanian Enterprises, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q for the
period ended July 31, 2014.

Net income for the three months ended July 31, 2014, was $17.10
million compared to net income of $8.46 million for the same
period a year ago.  For the three months ended July 31, 2014, the
Company had total revenues of $551 million compared to total
revenues of $478.35 million for the same period in 2013.

For the nine months ended July 31, 2014, the Company reported a
net loss of $15.32 million on $1.36 billion of total revenues
compared to a net loss of $1.52 million on $1.25 billion of total
revenues for the same period in 2013.

The Company's balance sheet at July 31, 2014, showed $1.89 billion
in total assets, $2.33 billion in total liabilities and a $443.12
million total deficit.

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

                        http://is.gd/rsyg3c

                     About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

Hovnanian Enterprises posted net income of $31.29 million on $1.85
billion of total revenues for the year ended Oct. 31, 2013, as
compared with a net loss of $66.19 million on $1.48 billion of
total revenues during the prior year.

                           *     *     *

As reported by the Troubled Company Reporter on April 25, 2013,
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Hovnanian Enterprises Inc. to 'B-' from 'CCC+'.
"The upgrade reflects strengthening operating performance
supported by the broader recovery in the housing market that, we
believe, should support modest profitability in 2013," said
Standard & Poor's credit analyst George Skoufis.

In the Dec. 9, 2013, edition of the TCR, Fitch Ratings upgraded
the Issuer Default Rating (IDR) of Hovnanian Enterprises to 'B-'
from 'CCC'.  The upgrade and the Stable Outlook reflects HOV's
operating performance year-to-date (YTD), adequate liquidity
position, and moderately better prospects for the housing sector
during the remainder of this year and in 2014.

As reported by the TCR on Jan. 9, 2014, Moody's Investors Service
raised the Corporate Family Rating of Hovnanian Enterprises, Inc.,
to B3 from Caa1.  The upgrade of the Corporate Family Rating to B3
reflects Hovnanian's improved financial performance including
improvement in interest coverage to slightly above 1x and finally
turning net income positive for the fiscal year 2013.


IMPRINT TECHNOLOGIES: Ex-Bankr. Lawyer Loses Reinstatement Bid
--------------------------------------------------------------
Minnesota District Judge John R. Tunheim denied the petition of
Donald Fuller for reinstatement as attorney.  Mr. Fuller was
suspended from the practice of law in Minnesota in 2001 by the
Minnesota Supreme Court, and subsequently suspended from the
practice of law in the United States District Court for the
District of Minnesota as a result of reciprocal automatic
suspension.  He has sought reinstatement from the Minnesota
Supreme Court twice -- the first time his petition for
reinstatement was denied and the second time he withdrew -- so he
remains ineligible to practice law in the state of Minnesota.

In 2013, Mr. Fuller petitioned the District Court for
reinstatement to practice in federal court pursuant to Local Rule
83.6(g).  Because the Court concludes that none of the
circumstances under which the Court may reinstate an attorney
subject to suspension in a reciprocal jurisdiction are present,
the Court denied the petition for reinstatement.

Mr. Fuller graduated from law school in 1971 and was admitted to
practice law in Illinois.  After over a decade of practice in
Illinois and service in the Marine Corps, he moved to Minnesota in
1987 and was admitted to the practice of law in Minnesota in 1990.

In 1995, Mr. Fuller prepared a Chapter 11 bankruptcy filing for
and represented in bankruptcy proceedings a business called
Imprint Technologies, Inc., which belonged to his client Brett
Hanson.  After discovering several practices and certain conduct
by Hanson, Mr. Fuller sent Mr. Hanson a letter dated June 3, 1996
stating that he was withdrawing from representing Imprint on all
matters and stating that Mr. Hanson's refusal to seek chemical
dependency treatment was the reason.  Mr. Fuller then did not
attend a hearing on behalf of Imprint the next day and did not
file a motion to withdraw from another action in which he
represented Imprint.  He later testified that he did not do so
because Mr. Hanson threatened him and told him not to do anything
and that he was afraid of Hanson.

Mr. Fuller later wrote letters about Mr. Hanson to more than 25
individuals and government entities, including Al Gore, Janet
Reno, the FBI, the IRS, the Minnesota Attorney General's office,
the Minnesota Office of Lawyers Professional Responsibility
("OLPR"), judges, and creditors of Imprint.  The letters accused
Hanson of, among other things, chemical dependency, fraud,
intimidation, and murder.

Mr. Hanson filed a disciplinary complaint against Mr. Fuller with
the OLPR.  At the suggestion of the OLPR, Mr. Fuller submitted to
psychological and psychiatric evaluations, both of which
determined that Fuller exhibited signs of paranoia.

In May 1999, the OLPR requested that a panel of the LPRB find that
probable cause existed either for public discipline of Fuller or
placing him on disability inactive status.  On Nov. 4, 1999, the
LPRB panel found probable cause for public discipline (although
not for transfer to disability inactive status) and the OLPR filed
a petition for disciplinary action on December 2, 1999.

The Minnesota Supreme Court referred the petition to a referee for
a hearing, and the referee recommended that the court suspend Mr.
Fuller indefinitely with a one-year minimum for suspension and
that the court require Fuller to successfully complete a mental
health evaluation.  The Minnesota Supreme Court found that the
referee did not err in finding that Mr. Fuller had violated the
Rules of Professional Responsibility in several ways.

A copy of the District Court's Sept. 3, 2014 Order is available at
http://is.gd/419ohGfrom Leagle.com.


INVENT VENTURES: Has $722K Net Loss in Second Quarter
-----------------------------------------------------
INVENT Ventures, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $722,689 on $74,641 of total revenues for
the three months ended June 30, 2014, compared with a net loss of
$242,508 on $38,642 of total revenues for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $6.3 million
in total assets, $1.28 million in total liabilities, and
stockholders' equity of $5.02 million.

"The Company incurred a loss from operations of $216,102 during
the six months ended June 30, 2014.  The Company's only sources of
cash flow have been from investments in the Company's common
stock, borrowing on the company?s line of credit, issuances of
convertible notes, management fees from portfolio companies, and
loans from its CEO.  If the Company is unable to continue to raise
sufficient capital to meet its operating needs or generate cash
flow from operations, substantial doubt exists regarding the
Company's ability to continue as a going concern," according to
the regulatory filing.

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

                       http://is.gd/yBGwYk

                      About INVENT Ventures

Las Vegas, Nevada-based INVENT Ventures, Inc., formerly known as
Los Angeles Syndicate of Technology, Inc., is a technology venture
fund that creates, builds, and invests in web and mobile
technology companies.  The Company develops businesses in the
consumer Internet, mobile and biotechnology markets, and owns six
companies at different stages of development.


INVENTIV HEALTH: S&P Corrects Rating on $507MM PIK Notes to 'CCC'
-----------------------------------------------------------------
Standard & Poor's Ratings Services corrected its rating on
inVentiv Health's $507 million second-lien pay-in-kind (PIK)
toggle notes due 2018 to 'CCC' from 'CCC+'.  The recovery rating
on this debt is unaffected at '6', indicating S&P's expectations
for negligible (0%-10%) recovery in the event of payment default.
In accordance with S&P's notching criteria, the issue-level rating
on these notes should be two notches below the company's 'B-'
corporate credit rating.  In applying S&P's notching methodology,
it incorrectly rated the notes one notch below the corporate
credit rating.  All other ratings on inVentiv, including the 'B-'
corporate credit rating, are not affected.  The outlook remains
stable.

RATINGS LIST

inVentiv Health Inc.
Corporate Credit Rating     B-/Stable/--

                             To      From
inVentiv Health Inc.
$507M Second-lien notes     CCC     CCC+
   Recovery Rating           6       6


KID BRANDS: Taps Hilco IP as Consultant and Sales Agent
-------------------------------------------------------
Kid Brands, Inc., et al., filed a motion with the U.S. Bankruptcy
Court for the District of New Jersey seeking to employ Hilco IP
Services, LLC, as their consultant and sales agent in connection
with the sale of certain of their Intellectual Property.

The Firm will, among other things, provide these services:

(a) Collect and secure all of the available information and
     data concerning the Intellectual Property;

(b) Prepare marketing materials designed to inform potential
     purchasers of the availability of the Intellectual Property
     for sale, assignment, license, or other disposition; and

(c) Develop and execute a sales and marketing program designed to
     elicit proposals to acquire the Intellectual Property from
     qualified acquirers with a view toward completing one or more
     sales, assignments, licenses, or other dispositions of the
     Intellectual Property.

Hilco will be paid a commission for its services as follows:

   (i) 10% of the amount of aggregate Net Proceeds for up to
       $250,000; plus

  (ii) 12.5% of the amount by which the aggregate Net Proceeds
       exceed $250,000 up to $500,000; plus

(iii) 15% of the amount by which the aggregate Net Proceeds
       exceed $500,000 up to $1,000,000; plus

  (iv) 20% of the amount by which the aggregate Net Proceeds
       exceed $1,000,000.

Hilco IP attests that it is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

                        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: Files Schedules of Assets and Liabilities
-----------------------------------------------------
Kid Brands, Inc., filed with the U.S. Bankruptcy Court for the
District of New Jersey its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property              $921,358
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $44,437,238
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $3,558
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $3,506,792
                                 -----------      -----------
        TOTAL                       $921,358      $47,947,589

                       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.


LABOR SMART: Posts $932K Net Loss for Second Quarter
----------------------------------------------------
Labor Smart, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $932,846 on $6.44 million of revenues for
the three months ended June 27, 2014, compared with a net loss of
$761,593 on $4.04 million of revenues for the three months ended
June 30, 2013.

The Company's balance sheet at June 27, 2014, showed $4.1 million
in total assets, $6.22 million in total liabilities, and a
stockholders' deficit of $2.12 million.

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

                       http://is.gd/Ilt2HZ

Hiram, Ga.-based Labor Smart, Inc., was incorporated in the State
of Nevada on May 31, 2011.  The Company is a provider of temporary
employees to the construction, manufacturing, hospitality,
restoration and retail industries.  At June 30, 2013, the Company
was operating 14 branches located in 9 states.


LADYWOOD APARTMENTS: Case Summary & 7 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Ladywood Apartments, LLC
        c/o Lee & Associates-Indianapolis, Inc.
        500 E. 96th St., Ste. 400
        Indianapolis, IN 46240

Case No.: 14-08312

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 5, 2014

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

Judge: Hon. James K. Coachys

Debtor's Counsel: Edward R Cardoza, Esq.
                  RUBIN & LEVIN, P.C.
                  342 Massachusetts Ave Ste 500
                  Indianapolis, IN 46204
                  Tel: (317) 860-2931
                  Fax: (317) 453-8617
                  Email: ecardoza@rubin-levin.net

                     - and -

                  Elliott D. Levin, Esq.
                  RUBIN & LEVIN, P.C.
                  342 Massachusetts Ave Suite 500
                  Indianapolis, IN 46204-2161
                  Tel: 317-634-0300
                  Fax: 317-453-8601
                  Email: edl@rubin-levin.net

                     - and -

                  John M. Rogers, Esq.
                  RUBIN & LEVIN, P.C.
                  500 Marott Center
                  342 Massachusetts Avenue
                  Indianapolis, IN 46204
                  Tel: 317-634-0300
                  Email: johnr@rubin-levin.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carolyn Shadle, member.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/insb14-08312.pdf


LAKSHMI HOSPITALITY: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Lakshmi Hospitality Group, LLC
        445 Hotel Circle South
        San Diego, CA 92108

Case No.: 14-07199

Nature of Business: Hotel Group

Chapter 11 Petition Date: September 5, 2014

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Margaret M. Mann

Debtor's Counsel: J. Bennett Friedman, Esq.
                  FRIEDMAN LAW GROUP, P.C.
                  1900 Avenue of the Stars, 11th Floor
                  Los Angeles, CA 90067-2534
                  Tel: 310-552-8210
                  Fax: 310-733-5442
                  Email: jfriedman@flg-law.com

Total Assets: $12.7 million

Total Liabilities: $8.1 million

The petition was signed by Plyush Mehta, authorized signatory.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Mitesh Kalthia                      Loan               $125,000

US Foodservice, Allen Division      Food and             $7,405
                                    Beverage
                                    Supplies

American Hotel                      Maintenance          $5,995
                                    and Supplies

Dimension Development               Management fees      $4,413

Anthem Blue Cross                   Insurance            $3,371

Kelly Galloway                      Wages, salaries      $3,192
                                    and commissions

Kelly Galloway                      Wages, salaries      $3,192
                                    and commissions

National Litigation Law              Professional        $2,446
Group                                services

Hilda Richardson                     Wages, Salaries     $1,511
                                     and commissions

Tracy Kossman                        Wages, salaries     $1,339
                                     and commissions

Patsy Brown                          Wages, salaries     $1,278
                                     and commissions

Mid America Lawn Maintenance         Landscaping         $1,235

Rhoda Harris                         Wages, salaries     $1,220
                                     and commissions

Windstream-Buffalo                   Services            $1,093

Maurice Irving                       Wages, salaries     $1,090
                                     and commissions

Rochelle Freeze                      Wages, salaries     $1,066
                                     and commissions

Stephen Mertz                        Wages, salaries     $1,051
                                     and commissions

Tammy Benton                         Wages, salaries     $1,049
                                     and commissions

Joseph Williams                      Wages, salaries     $1,015
                                     and commissions

US Foodservice                       Complimentary         $999
                                     Breakfast


LEHMAN BROTHERS: Bank Argues $63.5MM Claim Should be Paid in Full
-----------------------------------------------------------------
Joseph Checkler, writing for The Wall Street Journal, reported
that First BanCorp Puerto Rico wants a quick win in a fight with
Lehman Brothers Inc., arguing its $63.5 million claim relating to
an old swap agreement should be paid in full as a "customer" claim
against the Lehman brokerage.  According to the report, lawyers
for First BanCorp pressed their case that because Lehman's
brokerage maintained a "securities account" for First BanCorp, the
swap agreement technically makes the bank a Lehman customer.

                      About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion (US$33
billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LENCO MOBILE: Files Chapter 11 Bankruptcy Petition
--------------------------------------------------
Lenco Mobile Inc. on Sept. 8 disclosed that it has filed to
reorganize its business operations under Chapter 11 of the federal
Bankruptcy Code.  Lenco's wholly owned subsidiary, Archer USA
Inc., has also filed for reorganization under Chapter 11.

Lenco and Archer have multiple objectives for pursuing
reorganization under Chapter 11, including restructuring and
strengthening their balance sheets and simplifying Lenco's capital
structure.  Lenco and Archer intend to continue to operate their
current businesses in the ordinary course during the
reorganization process.

                     About Lenco Mobile Inc.

Lenco Mobile Inc. provides consulting and technical services,
together with proprietary technology, for the fast-growing market
for mobile marketing and mobile customer engagement applications.
The company provides customers, including leading wireless
carriers, consumer brands and enterprises, with turnkey solutions
to attract, retain and monetize relationships with customers.
Lenco Mobile offers brand owners the ability to design, manage,
and execute mobile-based marketing campaigns through a variety of
technologies, including MMS messaging with improved messaging
throughput, better quality, and reduced bandwidth usage on a per
message basis.


LIBERATOR INC: Amends HCI Convertible Notes
-------------------------------------------
Liberator, Inc., amended and restated its outstanding 3%
Convertible Note in the original principal amount of $375,000
issued by the Company to Hope Capital, Inc., on June 24, 2009, as
amended, and the 3% Convertible Note in the original principal
amount of $250,000 issued by the Company to the HCI on Sept. 2,
2009, as amended, to provide for a 3% unsecured promissory note in
the principal amount of $700,000 to HCI.

The Note is due on or before Aug. 31, 2019, and bears interest at
the rate of 3% per annum.  Principal and interest payments under
the Note will be made on a monthly basis, starting on Oct. 1,
2014, and continuing on the first day of each month thereafter for
60 monthly payments.  In the event the Company fails to make a
monthly payment under the Note or the Company is subject to an
bankruptcy event, subject to the Company's ability to cure such
default, HCI may convert all or any portion of the outstanding
principal, accrued and unpaid interest, and any other sums due and
payable under the Note into shares of the Company's common stock
at a conversion price equal to $0.10 per share.  Conversion is
subject to HCI not being able to beneficially own more than 9.99%
of our outstanding common stock upon any conversion, subject to
waiver by HCI.  The Company has the right to prepay the Note, in
whole or in part, subject to notice to HCI, without penalty.

The Note satisfies any and all payments, fees, and penalties under
the Original Notes.

                        About Liberator Inc.

Atlanta, Georgia-based Liberator is a vertically integrated
manufacturer that designs, develops and markets products and
accessories that enhance intimacy.  Liberator is also a nationally
recognized brand trademark, brand category and a patented line of
products commonly referred to as sexual positioning shapes and sex
furniture.

Liberator, Inc., incurred a net loss of $288,485 on $13.84 million
of net sales for the year ended June 30, 2013, as compared with a
net loss of $782,417 on $14.47 million of net sales during the
prior year.

The Company's balance sheet at March 31, 2014, showed $3.37
million in total assets, $4.94 million in total liabilities and a
$1.56 million total stockholders' deficit.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2013.  The independent
auditors noted that the Company has a net loss of $288,485, a
working capital deficiency of $1,233,352, an accumulated deficit
of $8,047,685 and a negative cash flow from continuing operations
of $103,765.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


LIVINGVENTURES INC: Posts $84K Net Loss in June 30 Quarter
----------------------------------------------------------
LivingVentures Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $84,865 on $477,842 of revenue for the
three months ended June 30, 2014, compared with a net loss of
$501,922 on $154,089 of revenue for the same period last year.

The Company's balance sheet at June 30, 2014, showed $1.8 million
in total assets, $2.14 million in total liabilities, and a
stockholders' deficit of $341,888.

The Company sustained an accumulated net loss of $5.05 million for
the period from Dec. 17, 1999 (inception) to June 30, 2014.  This
raises substantial doubt about its ability to continue as a going
concern.  The ability of the Company to continue as a going
concern is dependent on the Company's ability to raise additional
capital and implement its business plan, according to the
regulatory filing.

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

                       http://is.gd/jmq7kb

LivingVentures is a proven leader in the Management of Senior
Living Communities and is focused on providing Management and
Related Services to owners of Assisted Living (AL) and Memory Care
(MC) Facilities.  LivingVentures is able to acquire and develop
its own facilities and enter into Master Lease Agreements with
Financial Partners.


LOFINO PROPERTIES: Glicny Wants Trustee to Abandon Cub Food II
--------------------------------------------------------------
Glicny Real Estate Holding LLC asks the Bankruptcy Court to compel
Henry E. Menninger, Jr., Trustee for Lofino Properties, LLC and
Southland 75, LLC, to abandon the real property and improvements
located at 6134-6140 Wilmington Pike, Sugarcreek Township, Ohio
45459, known as "Cub Foods II", or, in the alternative, dismiss
the chapter 11 case.

Glincy asserts that Cub Food II does not generate any revenue. The
continued operation of the store requires the payment of on-going
expenses, including substantial unpaid, post-petition real
property taxes and penalties. In addition, Glincy alleges that if
Cub Foods II remains to be the property of the estate, the estate
is obliged to pay all post-petition expenses associated with Cub
Foods II.  Thus, abandonment of the property or dismissal of the
chapter 11 case is sought.

However, on August 19, 2014, the debtors, Lofino Properties and
Southland 75, LLC, objected to the motion filed by Glincy.

The Debtors, on August 5, 2014, filed a motion to enforce the
settlement agreement reached between the parties on June 16, 2014.
The parties reached a settlement agreement regarding the Cub Foods
II property which if consummated would allow for the transfer of
the property. Thus, transfer of Cub Foods II property will render
the motion by Glincy moot and academic.

The trustee, Henry E. Menninger, Jr., also filed its objection to
Glicny's motion.  While Trustee admits that the amount owed to
Glincy is greater than the value of Glincy's collateral, that
alone is not sufficient cause to compel him to abandon Cub Foods
II. Trustee contends that until the parties reach an agreement
concerning the sale of Cub Foods II or the sale motion is resolved
by final, non-appealable order, the proposed sale of Cub Foods II
substantially benefits the estate. Therefore Cub Foods II is
neither burdensome nor of inconsequential value and benefit to the
estate.

Glincy Real Estate Holding is represented by:

     BLOMGREN & BOBKA, CO., L.P.A.
     Gilbert E. Blomgren, Esq.
     Todd A. Bobka, Esq.
     1370 Ontario Street, Suite 600
     Cleveland, OH 44113
     Tel: (216) 622-1234
     Fax: (216) 622-1233
     Email: gblomgren@blomgren-bobka.com
     tbobka@blomgren-bobka.com

          - and -

     Brian Sirower, Esq.
     Isaac M. Gabriel, Esq.
     QUARLES & BRADY LLP
     One Renaissance Square
     Two North Central Avenue
     Phoenix, AZ 85004-2391
     Tel: (602) 229-5200
     Fax: (602) 229-5960
     Email: brian.sirower@quarles.com
           isaac.gabriel@quarles.com

Lofino Properties is represented by:

     Paul H. Shaneyfelt, Esq.
     315 Public Square, Suite 204
     Troy, OH 45373
     Email:  paulshaneyfeltlaw@gmail.com
     Tel:  (937) 216-7727

Southland 75 is represented by:

     Joshua M. Kin, Esq.
     2700 Kettering Tower
     Dayton, OH 45423
     Telephone: (937) 223-1130
     Facsimile: (937) 223-0339
     Email:  jkin@pselaw.com

Trustee Henry E. Menninger, Jr. is represented by:

     Raymond J. Pikna, Jr., Esq.
     WOOD & LAMPING LLP
     600 Vine Street, Suite 2500
     Cincinnati, OH 45202
     Tel: (513) 852-6033
     Fax: (513) 852-6087
     E-mail: rjpikna@woodlamping.com

              About Lofino Properties & Southland 75

Dayton, Ohio-based Lofino Properties, LLC, which owns retail
stores, sought bankruptcy protection (Bankr. S.D. Ohio Case No.
13-34099) on Oct. 4, 2013.  Lofino Properties listed assets of
$19.91 million and liabilities of about $13.15 million.

A sister company, Southland 75 LLC, which owns a strip shopping
center, sought bankruptcy protection (Bankr. S.D. Ohio Case No.
13-34100) on the same day.  Southland 75 listed assets of $8.09
million and liabilities of $5.62 million.

The Hon. Judge Lawrence S. Walter presides over the cases.
According to the petitions, attorneys at Pickrel, Schaeffer, and
Ebeling, in Dayton, Ohio, represent the Debtors as counsel.  The
petitions were signed by Michael D. Lofino, managing member.

In re Southland 75, LLC, case no. 13-34100, has been substantively
consolidated on lead case no. 13-34099.

Henry E. Menninger, Jr., has been appointed the chapter 11
trustee, and is represented by Raymond J. Pikna, Jr., Esq., at
Wood & Lamping LLP.

Attorneys for lender, First Financial Bank, N.A., can be reached
at Robert G. Sanker, Esq., and Jason V. Stitt, Esq., at Keating
Muething & Klekamp PLL.

Maria Mariano Guthrie, Esq., and Leon Friedberg, Esq., at Carlile
Patchen & Murphy, represent Jamie Hadac at Foresite Realty, as
Receiver.

Larry J. McClatchey, Esq., at Kegler Brown Hill + Ritter,
represents LCM Investments Management LLC.

GLICNY Real Estate Holding, LLC, is represented by Isaac M.
Gabriel, Esq., at Quarles & Brady LLP; and Gilbert E. Blomgren,
Esq., at Blomgren & Bobka Co., L.P.A.


LONG BEACH MEDICAL: Court OKs VCI as Medical Operations Advisor
---------------------------------------------------------------
The Hon. Alan S. Trust of the U.S. Bankruptcy Court for the
Eastern District of New York approved the application of Laura W.
Patt, the patient care ombudsman of Long Beach Memorial Nursing
Home, Inc., dba The Komanoff Center for Geriatric and
Rehabilitative Medicine, to employ Vernon Consulting, Inc., as her
medical operations advisor nunc pro tunc to March 17, 2014.

As reported in the Troubled Company Reporter, VCI will, among
other things:

   a) conduct interviews of patients and facility staff;

   b) review license and governmental permits;

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

   d) review safety standards.

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

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

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

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

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

                   About Long Beach Medical Center

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

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

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

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

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

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


LONGVIEW POWER: Plan Exclusivity Period Extended Until Sept. 30
---------------------------------------------------------------
Judge Brendan L. Shannon extended Longview Power LLC's exclusivity
period to file a plan of reorganization through and including
September 30, 2014.  The Debtors' soliciting exclusivity period is
extended also through and including December 1, 2014.

This is the Debtors' third request for extension of the
exclusivity periods.

Kvaerner filed a response to the Debtors' third extension motion.
Kvaerner sought to object the first and second exclusivity motion
of the debtor. However, during the hearing on the second
exclusivity motion, Kvaerner expressed that if the amended plan is
not filed by September, it will reserve it rights as to its
position on the Debtors' retention of the exclusivity period.

Kvaerner believes there is viable path for reorganization through
an alternative plan that could get the Debtors out of the
bankruptcy proceeding quickly. Thus, the extension of the
exclusivity period is not objected by Kvaerner.

Kvaerner North American Construction Inc. is represented by:

     DORSEY & WHITNEY (DELAWARE) LLP
     Eric Lopez Schnabel, Esq.
     Robert W. Mallard, Esq.
     Alessandra Glorioso, Esq.
     300 Delaware Avenue, Suite 1010
     Wilmington, DE 19801
     Telephone: (302) 425-7171
     Facsimile: (302) 425-7177

          - and -

     DORSEY & WHITNEY LLP
     William G. Primps, Esq.
     51 West 52nd Street
     New York, NY 10019
     Telephone: (212) 415-9200
     Facsimile: (212) 953-7201

          - and -

     Jocelyn L. Knoll, Esq.
     Eric Ruzicka, Esq.
     50 South Sixth Street
     Minneapolis, MN 55402
     Telephone: (612) 492-6622
     Facsimile: (212) 953-7201

                    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.


MAUDORE MINERALS: Files Notice of Intention to Make BIA Proposal
----------------------------------------------------------------
Greg Struble, President and Chief Executive Officer of Maudore
Minerals Ltd. on Sept. 8 disclosed that Maudore, together with its
subsidiary Aurbec Mines Inc., have each filed a Notice of
Intention to make a proposal under the Bankruptcy and Insolvency
Act (Canada).

At a meeting of the Board of Directors of Maudore held on
September 7, 2014, the directors of Maudore passed a resolution to
file a NOI in respect of Maudore.  Immediately following that
meeting, Board of Directors of Aurbec held a meeting at which they
passed a similar resolution to file a NOI in respect of Aurbec.

A NOI is the first stage of a process under the BIA which allows
for a financial restructuring through a formal proposal (a
"Proposal") made to creditors for the settlement of the
indebtedness owing to them.  Once the NOI has been filed, Maudore
and Aurbec will each be granted up to an initial 30 days of
protection from their creditors in order to enable them to pursue
the option of a Proposal.  During this period, the two companies
will continue in their efforts to preserve value for all
stakeholders.

There can be no guarantee that either Maudore or Aurbec will be
successful in their restructuring efforts.  The failure of either
of them to achieve their restructuring goals could result in them
becoming bankrupt.

Pursuant to the NOI filings, Samson Belair/Deloitte & Touche Inc.
has been appointed as the trustee in the Proposal proceedings of
Maudore and Aurbec, and in that capacity will monitor and assist
the companies in their restructuring efforts.

                  About Maudore Minerals Ltd.

Maudore is a Quebec-based junior gold company in production, with
mining and milling operations as well as more than 22 exploration
projects.  Five of these projects are at an advanced stage of
development with reported current and historical resources and
mining.  Currently, all gold production is coming from the
Sleeping Giant mine.  The Corporation's projects span some 120 km,
east-west, of the underexplored Northern Volcanic Zone of the
Abitibi Greenstone Belt and cover a total area of 1,285 km2, with
the Sleeping Giant Processing Facility within trucking distance of
key development projects.


MARTIFER AURORA: Can Extend Plan Filing Deadline Until October 3
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Nevada granted
Martifer Solar USA, Inc., and Martifer Aurora Solar LLC an
extension of the periods during which only the Debtors may file a
plan of reorganization through Oct. 3, 2014, and only they may
solicit acceptances on that plan through Dec. 3, 2014.

                          About Martifer

Martifer Solar USA, Inc., and Martifer Aurora Solar LLC filed
separate Chapter 11 bankruptcy petitions (Bankr. D. Nev. Case Nos.
14-10357 and 14-10355) in Las Vegas on Jan. 21, 2014.  Martifer
Solar USA, which is based in Los Angeles, California, estimated
$10 million to $50 million in assets and liabilities.

Bankruptcy Judge August B. Landis oversees the case.  The Debtors
tapped Brett A. Axelrod, Esq., and Micaela Rustia Moore, Esq., at
Fox Rothschild LLP, in Las Vegas, as counsel, and Armory
Consulting Co. as restructuring and financial advisor.  The
Debtors tapped Foley Hoag LLP as special Massachusetts litigation
counsel with respect to a pending litigation relating to EPG
Solar, LLC; and Foley & Lardner LLP as special solar counsel.

The Debtors also won approval to hire FTI and Michael Tucker, a
senior managing director of FTI, to serve as the company's chief
restructuring officer.

Cathay Bank, a prepetition lender, is represented by Michael
Gerard Fletcher, Esq., and Reed S. Waddell, Esq., at Frandzel
Robins Bloom & Csato, L.C.; and Natalie M. Cox, Esq., and Randolph
L. Howard, Esq., at Kolesar & Leatham.

Martifer Solar Inc., the proposed DIP Lender, and ultimate parent
of the Debtors, is represented by Samuel A. Schwartz, Esq., and
Bryan A. Lindsey, Esq., at The Schwartz Law Firm Inc.

Tracy Hope Davis, the U.S. Trustee for Region 17, appointed
five creditors to serve on the Official Committee of Unsecured
Creditors.  The Committee has retained Pachulski Stang Ziehl &
Jones LLP's Bradford J. Sandler, Esq., Shirley S. Cho, Esq., Jason
Rosell, Esq., and Patricia Jeffries, Esq.; and Larson & Zirzow,
Matthew C. Zirzow, Esq., Zachariah Larson, Esq., and Carey
Shurtliff, Esq., as counsel.


MF GLOBAL: SIPA Trustee's 72nd & 73rd Claim Objections Sustained
----------------------------------------------------------------
In the Chapter 11 case of MF Global Inc., Bankruptcy Judge Martin
Glenn issued a "MEMORANDUM OPINION AND ORDER SUSTAINING THE
TRUSTEE'S SEVENTY-SECOND AND SEVENTY-THIRD OMNIBUS OBJECTIONS TO
CERTAIN CLAIMS" dated Sept. 4.

The Opinion and Order addresses responses filed by certain
claimants to the SIPA Trustee's Seventy-Second and Seventy-Third
Omnibus Objections to General Creditor Claims (Post-Petition Loss
Claims).  The Court previously entered an order sustaining the
Objections to claims as to which the Objections were uncontested.
The Claimants are: (1) Frank Buckley; (2) Douglas Bry; and (3) a
group of claimants referred to as the Calatrava Claimants.

The Court heard oral argument on the Objection on Aug. 21, 2014.
According to Judge Glenn, while each of the responses raises a
different theory of recovery, each argument fails for
substantially the same reason: Customers of a failed brokerage
firm cannot recover in a SIPA proceeding for market losses that
occur between the date the SIPA proceeding is commenced and the
date on which their securities or commodities are returned to
them.  For that reason, the Court sustains the Objections.

A copy of the Court's ruling is available at http://is.gd/QQTef0
from Leagle.com.

                        About MF Global

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

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

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

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

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

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

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

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

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

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

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


MID-WILSHIRE PROPERTY: Case Summary & Unsecured Creditor
--------------------------------------------------------
Debtor: Mid-Wilshire Property LP
        250 Fairview Road
        Westlake Village, CA 91361

Case No.: 14-bk-11960

Chapter 11 Petition Date: September 7, 2014

Court: United States Bankruptcy Court
       Central District of California (Santa Barbara)

Judge: Hon. Deborah J. Saltzman

Debtor's Counsel: Leslie A Cohen, Esq.
                  LESLIE COHEN LAW PC
                  506 Santa Monica Bl Ste 200
                  Santa Monica, CA 90401
                  Tel: 310-394-5900
                  Fax: 310-394-9280
                  Email: leslie@lesliecohenlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeoung Lee, managing partner.

The Debtor listed Dr. Leevil, LLC, as its largest unsecured
creditor holding an unknown amount of claim.

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

          http://bankrupt.com/misc/cacb14-11960.pdf


MIDTOWN SCOUTS: Plan Confirmation Hearing Moved to Sept. 11
-----------------------------------------------------------
The hearing to consider confirmation of the approval of Midtown
Scouts Square, LLC, et al.'s Joint Plan of Reorganization is
continued to Sept. 11, at 10:00 a.m., in Courtroom 403, 4th Floor,
5151 Rusk, Houston, Texas.  Judge Karen Brown entered the ruling
in connection with the Debtors' continued hearing request.

The confirmation hearing was previously set for Aug. 28, 2014.

Furthermore, the exclusivity periods for the Debtors to confirm
the Plan is also extended until Sept. 11, 2014, at 5:00 p.m.

The deadline for the Richey Family Limited Partnership to file an
objection to the Plan is also extended.

As reported in the July 1, 2014 edition of The Troubled Company
Reporter, the Debtors' Disclosure Statement revealed that the
Reorganization Plan provides for these terms:

     (1) Allowed Administrative Claims and Priority Non-Tax Claims
         will be paid in cash in full;

     (2) Allowed Ad Valorem Claims of Taxing Authorities will be
         paid in cash full within 30 days of the Effective Date;

     (3) Allowed Non-Tax Priority Claims, if any, will be paid in
         cash in full within 30 days of the Effective Date;

     (4) Allowed Priority Tax Claims, if any, will be paid in full
         within 30 days of the Effective Date including interest
         at the statutory rate;

     (5) Allowed Secured Claim of Bank of Houston secured by liens
         on the Office Building will be paid by pursuant to the
         terms of the prepetition promissory note, with the unpaid
         prepetition amount due added on to the end of the
         respective note;

     (6) Allowed Secured Claim of Bank of Houston secured by liens
         on the Parking Garage will be paid by pursuant to the
         terms of the prepetition promissory note, with the
         exception that the term of the note will be extended by
         60 months with the unpaid prepetition amount due added on
         to the end of the respective note;

     (7) Allowed Secured Claim of the Debtors' second lien lender
         (Mercantile Capital Corporation) will be converted to the
         permanent SBA Debenture (504 loan) and will be paid
         pursuant to terms of the pre-approved SBA note;

     (8) Allowed Non-Insider Unsecured Claims will be paid in full
         with interest at 5% over 60 months beginning on the
         Effective Date with quarterly distributions thereafter;

     (9) The Allowed Claims of Insiders, including any Allowed
         Claim of Richey Family Limited Partnership, Todd Richey
         and L.E. Richey, will be paid in full with interest at 5%
         over 60 months, or in the event the Court determines that
         the Richey's hold an equity interest in the Debtors, such
         claim will be converted to equity;

    (10) In exchange for converting the postpetition financing
         claim entitled to priority under Section 503(b)(l), his
         prepetition claim of $260,624, and the Equity Infusion,
         Atul Lucky Chopra will retain his 100% equity interest in
         the Reorganized Debtors, or a reduced equity percentage
         if the Court determines that the Richeys hold an equity
         interest in the Debtors.

A copy of the Disclosure Statement is available for free at:

     http://bankrupt.com/misc/MIDTOWNSCOUTS_148_ds.pdf

                    About Midtown Scouts Square

Midtown Scouts Square Property, LP, and affiliate Midtown Scouts
Square, LLC, own two commercial properties located in Midtown
Houston, Texas.  The first property is a mixed use 36,000-square-
foot two-storey office/restaurant building originally constructed
in 1975, while the second property is a 104,000-square foot eight-
storey parking garage with ground floor retail space, both in
Bagby Street, in Houston.

The two entities sought Chapter 11 protection (Bankr. S.D. Tex.
Lead Case No. 13-32920) on May 9, 2013.  The petitions were signed
by Erich Mundinger as president of general partner.  Judge Karen
K. Brown presides over the case.  In its schedules, MSS Property
disclosed $17,408,328 in assets and $16,666,325 in liabilities.
Edward L. Rothberg, Esq. at Hoover Slovacek, LLP, serves as the
Debtor's counsel.  Hawash Meade Gaston Neese & Cicack, LLP, serves
as special litigation counsel.

The U.S. Trustee has not appointed an official committee of
unsecured creditors in the Debtors' bankruptcy cases.


MIDTOWN SCOUTS: Gets Overwhelming Creditor Support for Plan
-----------------------------------------------------------
Counsel to Debtors Midtown Scouts Square Property, LP, and Midtown
Scouts Square, LLC, T. Josh Judd of Hoover Slovacek LLP submitted
to the Bankruptcy Court a tabulation of balloting on the Debtors'
Joint Chapter 11 Plan.

The tabulation shows that for each of the voting classes, the
Debtors got 89% to 100% acceptance of the Plan.

A copy of the Balloting Tabulation is available for free at:

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

                    About Midtown Scouts Square

Midtown Scouts Square Property, LP, and affiliate Midtown Scouts
Square, LLC, own two commercial properties located in Midtown
Houston, Texas.  The first property is a mixed use 36,000-square-
foot two-storey office/restaurant building originally constructed
in 1975, while the second property is a 104,000-square foot eight-
storey parking garage with ground floor retail space, both in
Bagby Street, in Houston.

The two entities sought Chapter 11 protection (Bankr. S.D. Tex.
Lead Case No. 13-32920) on May 9, 2013.  The petitions were signed
by Erich Mundinger as president of general partner.  Judge Karen
K. Brown presides over the case.  In its schedules, MSS Property
disclosed $17,408,328 in assets and $16,666,325 in liabilities.
Edward L. Rothberg, Esq. at Hoover Slovacek, LLP, serves as the
Debtor's counsel.  Hawash Meade Gaston Neese & Cicack, LLP, serves
as special litigation counsel.

The U.S. Trustee has not appointed an official committee of
unsecured creditors in the Debtors' bankruptcy cases.


NATIONAL CONSUMER MORTGAGE: Suit v. Rio Properties Dismissed
------------------------------------------------------------
District Judge Philip M. Pro signed off on a stipulation
dismissing the action, JOHN P. BRINCKO, as Chapter 11 Trustee of
Debtor National Consumer Mortgage, LLC, Plaintiff, v. RIO
PROPERTIES INC., Defendant, NO. 2:10-CV-00930-PMP-PAL (D. Nev.).
A copy of the Aug. 28 Stipulation is available at
http://tinyurl.com/qxb7b2hfrom Leagle.com.

As reported by the Troubled Company Reporter on Feb. 20, 2014, a
jury in Nevada found that the Rio Casino, owned by Caesars unit
Rio Properties Inc., had received property of National Consumer
Mortgage Inc., a residential mortgage company used as a front by
the company's president Salvatore Favata when he used cashier's
checks to gamble.  The casino must surrender $1.48 million to the
trustee after the jury ruled that the gambling money collected by
the Rio Casino was raised through a $32 million Ponzi scheme.

On June 3, 2014, the parties executed a settlement agreement
resolving the disputes between them.  On Aug. 26, 2014, the
Bankruptcy Court entered an Order approving the Settlement.  Terms
of the Settlement were not disclosed in the Stipulation dismissing
the lawsuit.

Headquartered in Orange, California, National Consumer Mortgage
LLC -- http://www.nationalconsumermortgage.com/-- is an
independent mortgage brokerage that creates and processes home
loans.  National filed for chapter 11 protection on Apr. 3, 2006
(Bankr. C.D. Cal. Case No. 06-10429).  Lorraine L. Loder, in Los
Angeles, California, represented the Debtor.  David L. Neale,
Esq., at Levene, Neale, Bender, Rankin & Brill L.L.P., represented
the Official Committee of Unsecured Creditors.  The Debtor
disclosed total assets of $1,102,135 and total debt of $32,846,858
as of the bankruptcy filing.  On June 22, 2006, John P. Brinco was
appointed as the Debtor's Chapter 11 trustee.  He is represented
by the lawyers at Baker & McKenzie LLP.


NETWORK CN: OZ Management Reports 9.9% Equity Stake
---------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, OZ Management LP and its affiliates disclosed
that as of Dec. 31, 2013, they beneficially owned 12,865,631
shares of common stock of Network CN Inc. representing 9.99
percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/s2GY5c

                         About Network CN

Causeway Bay, Hong Kong-based Network CN Inc. provides out-of-home
advertising in China, primarily serving the needs of branded
corporate customers.

Network CN recorded a net loss of $3.89 million on $891,366 of
advertising revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $1.21 million on $1.83 million of advertising
revenues in 2012.

The Company's balance sheet at March 31, 2014, the Company had
$1.43 million in total assets, $9.82 million in total liabilities
and a $8.38 million total stockholders' deficit.

Union Power Hong Kong CPA, Limited, in Hong Kong SAR, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred net losses of
$3,883,493, $1,210,629 and $2,102,548 for the years ended
December 31, 2013, 2012 and 2011 respectively.  Additionally, the
Company used net cash in operating activities of $680,424,
$582,753 and $388,278 for the years ended December 31, 2013, 2012
and 2011 respectively.  As of December 31, 2013 and 2012, the
Company recorded stockholders' deficit of $7,656,871 and
$4,032,289 respectively.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


NEW BREED HOLDING: S&P Withdraws 'B' CCR Following Acquisition
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it removed its
ratings on New Breed Holding Co. from CreditWatch, where it had
placed them with developing implications on July 30, 2014.  At the
same time, S&P withdrew the ratings on the company, including the
'B' corporate credit rating.

On Sept. 2, 2014, XPO Logistics announced that it had completed
its acquisition of New Breed Holding for a cash price of $615
million.  Following XPO Logistics' announcement of its acquisition
of New Breed in July, S&P placed its ratings on New Breeds on
CreditWatch with developing implications and indicated that S&P
would likely withdraw the ratings upon the transaction's closing
because it expected New Breed's rated debt to be repaid in
conjunction with the closing of the deal.


NII HOLDINGS: Has $623.31-Mil. Net Loss in June 30 Quarter
----------------------------------------------------------
NII Holdings Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $623.31 million on $968.75 million of
operating revenues for the three months ended June 30, 2014,
compared to a net loss of $396.35 million on $1.26 billion of
operating revenues for the same period last year.

The Company's balance sheet at June 30, 2014, showed
$7.44 billion in total assets, $8.02 billion in total liabilities
and a stockholders' deficit of $583.55 million.

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

                       http://is.gd/Pe074m

                       About NII Holdings

With headquarters in Reston, Virginia, NII Holdings is an
international wireless operator with more than 7 million largely
post-pay, business subscribers.

                          *     *    *

As reported by the TCR on March 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Reston, Va.-based
wireless carrier NII Holdings Inc. (NII) to 'CCC' from 'CCC+'.
"The downgrade follows the company's poor fourth-quarter 2013
results that were below our expectations, and its disclosure that
its auditors have uncertainty about the company's ability to
continue as a going concern," said Standard & Poor's credit
analyst Allyn Arden.

The TCR also reported on March 5, 2014, that Moody's Investors
Service downgraded the corporate family rating (CFR) of NII
Holdings Inc. ("NII" or "the company") to Caa1 from B3.  The
downgrade reflects the company's poor 2013 operating performance
and the risk that the company will violate the covenants governing
its Mexican and Brazilian subsidiary debt, which could trigger an
event of default for up to $4.4 billion of debt issued by
intermediate holding companies NII Capital Corp. and NII
International Telecom S.C.A.


NORALTA LODGE: S&P Assigns 'B' CCR & Rates C$150MM Notes 'B'
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' long-term
corporate credit rating to Nisku, Alta.-based private remote
accommodations and catering services provider Noralta Lodge Ltd.
The outlook is stable.  At the same time, Standard & Poor's
assigned its 'B' issue-level rating and '3' recovery rating to the
company's proposed C$150 million senior secured second-lien notes.
The '3' recovery rating on the notes indicates S&P's expectation
of meaningful (50%-70%) recovery under its default scenario.

"We have incorporated our general industry view for oilfield
services' providers in assessing Noralta Lodge's credit profile.
As such, we believe oilfield services companies need to focus on
cost management, as exploration and production companies are
increasingly focused on containing cost inflation," said Standard
& Poor's credit analyst Michelle Dathorne.  "Noralta Lodge has
been able to generate fairly strong profitability, as its camp and
catering services are a key component of its customers' remote
operations.  We expect the company should be able to maintain
strong EBITDA margins on its core operations; however, we believe
it will be challenged to generate the same returns on new
ancillary businesses, as it expands its operations into managing
third-party facilities," Ms. Dathorne added.

The rating on Noralta Lodge reflects the company's narrow scope of
operations as a niche service provider to Canadian oil and gas
producers, the potential volatility of its profitability due to
unanticipated contract delays or cancellations, and its limited
competitive advantage.  These weaknesses, which hamper the rating,
are somewhat offset by the company's strong EBITDA margin
performance and low balance-sheet leverage.

Noralta Lodge is a private oilfield services company, founded in
1997, which owns and operates remote industrial lodging to
exploration and production Canadian companies.  Noralta Lodge's
customer base is concentrated in Alberta's oil sands sector.

The stable outlook reflects S&P's view that Noralta Lodge will be
able to maintain its profitability metrics, specifically its
EBITDA margins, fairly stable throughout S&P's rating forecast
period.  Based on its existing customer base, and some anticipated
revenue growth in fiscal years 2015 and 2016, S&P believes its
calculated EBITDA margin for the company should remain at about
40%.  In addition, its reduced customer concentration should
temper future volatility of its profitability metrics, as
unanticipated contract cancellations should have less of an
adverse effect on operating cash flow and margins than in the
past.

S&P could lower the rating if either the company's business risk
or financial risk profiles weakened.  If Noralta Lodge's EBITDA
margin fell below 30%, due to either rising costs or falling
revenues, S&P believes this would signal a weakening of its
operating efficiency and overall business risk profile.  In
addition, if the company's spending accelerated, such that its
weighted average debt to EBITDA and FFO to debt metrics
deteriorated due to negative FOCF generation, S&P could lower the
rating.  Specifically, if S&P's estimated three-year weighted
average FFO to debt ratio fell below 30%, it would lower the
rating to 'B-'.

As the rating already anticipates the company's debt metrics
improving throughout S&P's outlook period, an upgrade would be
contingent on the company strengthening its business risk profile.
To accomplish this, S&P believes Noralta Lodge would have to
broaden the scale and scope of its operations.  S&P do not believe
this would be possible without a major transformative acquisition.


NORTHERN BLIZZARD: S&P Alters Outlook & Hikes Debt Rating to 'B'
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Calgary,
Alta.-based oil and gas company Northern Blizzard Resources Inc.
(NBRI) to positive from stable.  At the same time, Standard &
Poor's raised its senior unsecured debt rating on the company to
'B' from 'B-'.  Standard & Poor's revised its recovery rating on
the debt to '3' from '5', indicating its expectation of average
(50%-70%) recovery in a default scenario.  Standard & Poor's also
affirmed its 'B' long-term corporate credit rating on NBRI.

"The outlook revision reflects our view that NBRI's credit
measures have improved significantly following the redemption of
its notes," said Standard & Poor's credit analyst Aniki Saha-
Yannopoulos.  The company recently completed its IPO and received
about C$330 million in proceeds.  It used part of the proceeds to
redeem US$148.75 million of its US$425 million unsecured notes it
issued in Jan. 2014.  Following the redemption, NBRI's credit
measures have improved; S&P expects the company to exit 2014 with
1.5-2.0x debt to EBITDA instead of our original expectation of
2.5x-3.0x.  "If NBRI continues to meet its production targets, we
expect the company to maintain its debt-to-EBITDA at 1.5x-2.0x for
the next 24 months," Ms. Saha-Yannopoulos added.

NBRI is a small exploration and production company.  It had about
88 million barrels of oil equivalent of gross proved reserves as
of Dec. 31, 2014, and about 19,890 barrels per day production for
2014 to date.  Almost all the company's production is from the
Lloydminster Heavy Oil and Kerrobert Bakken area in southern
Saskatchewan; it uses waterfloods for most of its production.  Pro
forma the debt redemption, NBRI will have about C$550 million in
adjusted debt (S&P's adjustments include asset retirement
obligations [about C$131 million] and stock-based compensation
liabilities [about C$79 million]).

The positive outlook reflects S&P's view that NBRI's credit
profile will remain strong as it focuses on increasing its
production from its assets.  Given its higher production, S&P
foresees the company maintaining credit protection measures that
are strong for the ratings, with leverage projected at below 2x in
the next two years.  At current EBITDA and debt levels, NBRI has
sufficient debt capacity to borrow the full commitment under its
revolving credit facility without negatively affecting the
ratings.

S&P will likely raise the ratings in the next 12 months if NBRI
continues its positive production growth (10%-15% annually) and
maintain its competitive cost profile.  This would lead to higher
cash flow and S&P expects the company's debt-to-EBITDA to remain
below 3x, in line with a "significant" financial risk profile.
S&P could also raise the ratings if NBRI's financial sponsors
continue to relinquish control while the company maintains its
credit measures at current levels.

S&P could revise the outlook to stable if NBRI cannot achieve the
expected production growth (10%-15% annually), halting its growth
momentum.  Although unlikely in the near term, S&P might also
revise the outlook to stable if debt-to-EBITDA deteriorates and
stays above 3x, which could occur if the company undertakes a
significant debt-financed acquisition or additional dividend
payouts to shareholders.


OCULUS INNOVATIVE: Incurs $70,000 Net Loss in Second Quarter
------------------------------------------------------------
Oculus Innovative Sciences, Inc., filed its quarterly report on
Form 10-Q, disclosing a net loss of $70,000 on $3.39 million of
total revenues for the three months ended June 30, 2014, compared
with a net loss of $1.71 million on $3.37 million of total
revenues for the same period in last year.

The Company's balance sheet at June 30, 2014, showed $19.9 million
in total assets, $6.47 million in total liabilities, and
stockholders' equity of $13.4 million.

The Company reported a loss of $70,000 for the three months ended
June 30, 2014.  At June 30, 2014 and March 31, 2014, the Company's
accumulated deficit amounted to $134.08 million and $134.01
million, respectively.  The Company had working capital of
$2.98 million and $1.97 million as of June 30, 2014 and March 31,
2014, respectively.  The Company expects the need to raise
additional capital from external sources in order to continue the
longer term efforts contemplated under its business plan.  The
Company expects to continue incurring losses for the foreseeable
future and may need to raise additional capital to pursue its
product development initiatives, penetrate markets for the sale of
its products and continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/gLtKwL

                 About Oculus Innovative Sciences

Oculus Innovative Sciences, Inc. -- http://www.oculusis.com/--
develops, manufactures and markets a family of products intended
to significantly reduce the need for antibiotics as it prevents
and treats infections in chronic and acute wounds while
simultaneously enhancing wound healing through modes of action
unrelated to the treatment of infection.  Oculus Innovative
Sciences has two principal subsidiaries -- Oculus Technologies of
Mexico, S.A. de C.V., organized in Mexico, and Oculus Innovative
Sciences Netherlands, B.V., organized in the Netherlands.  On
January 20, 2009, the Company dissolved its subsidiary, Oculus
Innovative Sciences Japan, KK, organized under Japanese law.


PENINSULA HOSPITAL: Has Access to Cash Collateral Until Dec. 31
---------------------------------------------------------------
The Bankruptcy Court authorized, in a 19th interim order, Lori
Lapin Jones, as Chapter 11 trustee for Peninsula Hospital Center,
et al., to use the cash collateral of the 1199 Funds and Revival
Funding Co., LLC, until Dec. 31, 2014.

The Trustee is authorized to use the cash collateral in connection
with the wind down of the estate of the Debtor.

The 1199 Funds agreed that there will be continued carved out from
the proceeds payable to the 1199 Funds on account of the lien and
secured claim it asserts against PGN an amount of up to $800,000
for the exclusive use of paying the commissions, fees and expenses
of the Trustee, and the trustee's professionals.

The trustee additional fee carveout will be segregated from the
proceeds of the sale of the assets and properties of the Debtors
and will be maintained by the trustee in a segregated account.

                      About Peninsula Hospital

Wayne S. Dodakian, Vinod Sinha, and Shannon Gerardi filed an
involuntary Chapter 11 bankruptcy protection against Peninsula
Hospital Center -- http://www.peninsulahospital.org/-- (Bankr.
E.D.N.Y. Case No. 11-47056) on Aug. 16, 2011.  Judge Elizabeth S.
Stong presides over the case.  Marilyn Cowhey Macron, Esq., at
Macron & Cowhey, represents the petitioners.

Peninsula Hospital Center and Peninsula General Nursing Home
Corp., employed Alvarez & Marsal Healthcare Industry Group, LLC,
as financial advisors.  The Hospital employed Abrams Fensterman,
et al., as their attorneys.  Nixon Peabody served as their special
counsel; GCG, Inc., serves as claims and noticing agent.

Judge Stong appointed Daniel T. McMurray at Focus Management Group
as patient care ombudsman.  Neubert, Pepe & Monteith P.C. serves
as PCO's counsel.  In April 2013, the bankruptcy court discharged
Daniel T. McMurray from his duties and responsibilities as patient
care ombudsman.

Richard J. McCord, Esq., was appointed by the Court as examiner in
the Debtors' cases.  His task was to conduct an investigation of
the Debtors' relationship and transactions with Revival Home
Health Care, Revival Acquisitions Group LLC, Revival Funding Co.
LLC, and any affiliates.  Mr. McCord's own firm, Certilman Balin,
& Hyman, LLP, served as the Examiner's counsel.

CBIZ Accounting, Tax & Advisory of New York, LLC and CBIZ, Inc.,
serve as financial advisors for the Official Committee of
Unsecured Creditors.  Robert M. Hirsh, Esq., at Arent Fox LLP, in
New York, N.Y., represents the Committee as counsel.

At the behest of the U.S. Trustee, Lori Lapin Jones, Esq. was
named Chapter 11 Trustee in March 2012, replacing Todd Miller, the
Debtors' Chief Executive Officer.  The Chapter 11 trustee is
represented by LaMonica Herbst & Maniscalco LLP as her counsel.
Storch Amini & Munves, PC, serves as the Chapter 11 Trustee's
special counsel in connection with her investigation of the
Debtors.  She obtained approval to employ Garfunkel Wild, P.C., as
her special health care, regulatory, corporate, finance and
litigation counsel; and Foy Advisors LLC as consultant.


PHILADELPHIA ENTERTAINMENT: Liquidating Plan Declared Effective
---------------------------------------------------------------
Philadelphia Entertainment and Development Partners, L.P.,
notified the Bankruptcy Court that the Effective Date of its First
Modified Chapter 11 Plan of Liquidation occurred on Aug. 18, 2014.

As reported in the TCR on Sept. 2, 2014, the bankruptcy judge
confirmed the Plan dated as of March 10, 2014; as modified on May
27.  At the hearing, the judge also approved the adequacy of the
information in the Disclosure Statement.

The Debtor filed with the Court a plan of liquidation, which
revolves around the sale of the Debtor's assets to repay claims.
The Plan is the result of negotiations by and among the Debtor,
RBS Citizens, National Association, the City of Philadelphia, and
various of the Debtor's other creditors.  RBS Citizens is a holder
of a secured claim.  RBS Citizens has agreed to allow holders of
general unsecured claims to receive a specified percentage
recovery on their claims before RBS Citizen will have any right to
receive a distribution on account of its unsecured deficiency
claim.

The General Partner and Limited Partners of the Debtor are making
a cash contribution to the Debtor in the aggregate amount of
$750,000 and RBS Citizens will contribute to the Debtor $150,000
from the proceeds of the sale of certain real property of the
Debtor, which amount is to be used by the Debtor or the
Liquidation Trustee, as applicable, to (i) fund the costs and
expenses of the Debtor for preparing for the Chapter 11 Case, (ii)
fund the costs and expenses of administering the Chapter 11 Case,
and (iii) pay in full all Allowed Administrative Expense Claims,
Allowed Compensation and Reimbursement Claims, and Allowed
Priority Claims.

A full-text copy of the Disclosure Statement explaining the Plan
is available at http://bankrupt.com/misc/PHILADELPHIAds0402.pdf

                  Restructuring Support Agreement

The Court authorized the Debtor to assume the restructuring,
lockup and plan support agreement, dated Feb. 21, 2014, with RBS
Citizens, National Association, successor by merger to Citizens
Bank of Connecticut, as senior lender.

No default exists under the RSA and, therefore, the Debtor is not
required to (a) cure, or provide adequate assurance that the
Debtor will promptly cure, any default under the RSA, (b)
compensate, or provide adequate assurance that the Debtor will
promptly compensate, RBS Citizens for any actual peeimiary loss
resulting from any default, or (c) provide adequate assurance of
future performance of the RSA.

The RSA provided that the parties are granted all rights and
remedies, including, without limitation, the right to specifically
enforce the RSA in accordance with its terms.

                 About Philadelphia Entertainment

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


PLUG POWER: Names Chris Hutter as Chief Financial Officer
---------------------------------------------------------
Plug Power Inc. has appointed Chris Hutter as chief financial
officer effective Nov. 6, 2014.  Mr. Hutter will take over
responsibilities of Mr. Dave Waldek who has served at Plug Power
as interim CFO since April of 2013.

Mr. Hutter, age 47, served as chief financial officer and
executive vice president of PowerSecure International, Inc., an
energy products and services company, from 2007 to 2014.
Previously, Mr. Hutter served as national vice president of
finance, treasurer, investors relations and assistant secretary of
ADVO, Inc., an advertising and marketing firm, from 1993 to 2007.

The Company said Mr. Hutter has extensive experience growing
businesses profitably, and comes to Plug Power with the skills
needed to guide and propel Plug Power's sales and financial
momentum.

"Chris has displayed the proven qualifications to positively
expedite Plug Power's growth," said Andy Marsh, CEO of Plug Power.
"The addition of Chris to Plug Power's developing management team
adds an additional level of strength as we invest in prepping the
business to handle larger levels of success.  On behalf of the
whole Plug Power team, I'd like to welcome Chris to Plug Power."

"The energy industry is very dynamic and I'm excited by the unique
growth opportunities that lie ahead for Plug Power.  Plug Power
has clearly established itself as the leader in the hydrogen fuel
cell space, proving itself as the frontrunner in the material
handling power market," Mr. Hutter said.  "I look forward to being
a significant contributor to helping Plug Power become a global
powerhouse in the fuel cell industry."

Mr. Hutter graduated magna cum laude graduate from Case Western
Reserve University.  Additionally, he holds an MBA from Duke
University's Fuqua School of Business.

The Company and Mr. Hutter entered into an executive employment
agreement, dated Sept. 3, 2014, with a one year term which
commences on Nov. 6, 2014, and which renews automatically.
Pursuant to the terms of the Employment Agreement, Mr. Hutter
receives an annual base salary of $400,000, is eligible to receive
incentive compensation and is entitled to participate in and
receive benefits under all of the Company's employee benefit
plans.

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

                        http://is.gd/cZwgfV

                          About Plug Power

Plug Power Inc. is a provider of alternative energy technology
focused on the design, development, commercialization and
manufacture of fuel cell systems for the industrial off-road
(forklift or material handling) market.

Plug Power reported a net loss attributable to common shareholders
of $62.79 million in 2013, a net loss of $31.86 million in 2012
and a net loss of $27.45 million in 2011.

The Company's balance sheet at June 30, 2014, showed $221.10
million in total assets, $47.85 million in total liabilities,
$2.37 million in series C redeemable convertible preferred stock,
and $170.88 million in total stockholders' equity.

                        Bankruptcy Warning

"Our cash requirements relate primarily to working capital needed
to operate and grow our business, including funding operating
expenses, growth in inventory to support both shipments of new
units and servicing the installed base, funding the growth in our
GenKey "turn-key" solution which also includes the installation of
our customer's hydrogen infrastructure as well as delivery of the
hydrogen molecule, and continued development and expansion of our
products.  Our ability to achieve profitability and meet future
liquidity needs and capital requirements will depend upon numerous
factors, including the timing and quantity of product orders and
shipments; the timing and amount of our operating expenses; the
timing and costs of working capital needs; the timing and costs of
building a sales base; the timing and costs of developing
marketing and distribution channels; the timing and costs of
product service requirements; the timing and costs of hiring and
training product staff; the extent to which our products gain
market acceptance; the timing and costs of product development and
introductions; the extent of our ongoing and any new research and
development programs; and changes in our strategy or our planned
activities.  If we are unable to fund our operations, we may be
required to delay, reduce and/or cease our operations and/or seek
bankruptcy protection," the Company said in the quarterly report
for the period ended June 30, 2014.


POLONIA TOWERS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Polonia Towers LLC
        45-02 Ditmars Blvd, #1008
        Astoria, NY 11105

Case No.: 14-44562

Chapter 11 Petition Date: September 5, 2014

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

Judge: Hon. Carla E. Craig

Debtor's Counsel: Barry D Haberman, Esq.
                  254 South Main Street, #404
                  New City, NY 10956
                  Tel: 845-638-4294
                  Fax: 845-638-6080
                  Email: bdhlaw@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gerardo Sanchez, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nyeb14-44562.pdf


PORTNEUF ELECTRIC: Funds' Summary Judgment Motion Denied
--------------------------------------------------------
In the case, THE TRUSTEES OF THE EIGHTH DISTRICT ELECTRICAL
PENSION AND BENEFITS FUNDS, Plaintiff, v. JP MORGAN CHASE BANK, a
Delaware Corporation, Defendant, CASE NO. 1:13-CV-00117-CWD (D.
Idaho), Magistrate Judge Candy W. Dale granted the Funds' motion
for summary judgment; denied Chase's motion to dismiss, and denied
The Bank of Commerce's motion to intervene.

A copy of the Court's Aug. 29, 2014 Memorandum Decision and Order
is available at http://tinyurl.com/mx6twwhfrom Leagle.com.

The lawsuit arises from the alleged conversion of a check
presented for deposit at Chase.  The Funds seek damages for
conversion of a check meant for endorsement of the Funds.

Portneuf Electric, LLC, an electrical contractor, entered into a
Collective Bargaining Agreement with the International Brotherhood
of Electrical Workers Local Union 449. As a result, Portneuf
agreed to the terms and conditions of the Trust Agreements of the
Plaintiff Benefit Trust Funds. The Agreement required Portneuf to
contribute to the Funds for the benefit of its workers.

In 2010, Portneuf became delinquent on its obligations to the
Funds, and later filed for bankruptcy under Chapter 11 of the
Bankruptcy Code on Sept. 9, 2011.  Schedule B identified accounts
receivables of $1,205,490, and personal property and equipment
with an aggregate value of $481,013.  The bankruptcy schedules
indicated the Bank held a secured claim in Portneuf's accounts
receivables, vehicles, and equipment, while the Funds held a
$525,000.00 unsecured nonpriority claim.  The Bank filed a proof
of claim on Sept. 26, 2011, in the amount of $2,343,907, claiming
a secured claim in Portneuf's inventory, equipment, and accounts
receivables.

On Oct. 18, 2011, Portneuf moved to dismiss its Chapter 11 case.
The reason Portneuf provided in support of its motion was that it
would be unable to formulate a Chapter 11 Plan, and it could no
longer operate given its accounts receivables were owed to
materialmen and suppliers who had filed claims and liens on its
projects.  Further, Portneuf could not liquidate given the Bank's
secured claim in all of its equipment, thus leaving nothing for
unsecured creditors.  The bankruptcy court granted the motion on
Dec. 1, 2011, and Portneuf's bankruptcy case was closed on
Dec. 29, 2011.

In June 2012, the Funds negotiated the issuance of a check from
Battelle Energy payable jointly to Porneuf and the Funds for
maintenance work performed by Portneuf for the Idaho National
Laboratories.  In exchange for the check, the Funds waived any
right to pursue liens on Battelle Energy's real property.

On June 29, 2012, Battelle Energy issued Check No. 0864149 in the
amount of $75,636.74 drawn on its account with U.S. Bank and made
payable to "PORTNEUF ELEC & EIGHTH DISTRICT ELECT PENSION AND
BENEFITS F".  The check was mailed to Portneuf.  Battelle Energy
intended that the Check was payable jointly to Portneuf Electric,
Inc. and the Eighth District Electrical Pension and Benefits Fund.
The parties to the agreement -- Battelle Energy, the Funds, and
Portneuf -- intended for the amount to be paid to the Funds as
payment for Portneuf's delinquent employee pension contributions.

On or before July 15, 2012, Portneuf tendered the Check at Chase
and the proceeds of the Check were deposited into Portneuf's
account at Chase. The rubber stamp indorsement on the back of the
check noted "FOR DEPOSIT ONLY PORTNEUF ELECTRICAL INC.," and
designated an account number. The Funds did not indorse the check,
and did not receive any benefit from the Check.

The Funds filed a one count complaint for damages against Chase
for conversion under Article 3 of the Uniform Commercial Code,
Idaho Code Sec. 28-3-420, in the amount of the check plus
interest. The Funds argue that summary judgment is appropriate,
because it was clear from the ampersand sign that the check was
payable to two joint payees, and Chase wrongfully negotiated the
check without the required two party indorsement. By accepting the
check for deposit into Portneuf's account without the required
indorsements from both payees, the Funds argue Chase is liable for
damages.

Chase asserts that the payee name on the face of the Check was
ambiguous, because a bank employee reviewing the Check would not
know that Battelle Energy intended the Check to be jointly
negotiated by Portneuf and the Funds.  Chase argues that the Check
appears to name one payee with a compound name.  Accordingly,
Chase argues it is not liable to the Funds for paying the Check to
Portneuf, because the ambiguity in the name could have been
avoided had Battelle provided the full names of the alleged
payees.

Chase contends that its deposit agreement with Portneuf insulates
it from liability. Chase argues its deposit agreement with

Portneuf contains a disclaimer that it has no duty to prevent a
check from being deposited that may have missing or erroneous
information.  Chase accepted the Check via remote online deposit,
which it explains is highly automated, and that it pays millions
of checks every day.  Accordingly, Chase argues that reasonable
commercial standards do not require Chase or other deposit
institutions to verify the accuracy of any particular check at the
time of deposit.  Chase's procedures for processing checks,
including those remotely deposited, is to inspect some, but not
all, of the checks.

Chase contends that Portneuf and the Bank are necessary parties to
the proceeding and that joinder is required because they may claim
the proceeds of the Check.  The Bank has moved to intervene, and
alternatively, Chase has moved to dismiss for failing to join
indispensable parties.

Portneuf Electric, LLC, based in Ammon, Idaho, filed for Chapter
11 bankruptcy (Bankr. D. Idaho Case No. 11-41502) on Sept. 9,
2011.  Aaron J. Tolson, Esq., at Aaron J Tolson Law Offices,
serves as the Debtor's counsel.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and debt.  The
petition was signed by Brett Harris, president.  A list of the
Company's 20 largest unsecured creditors filed together with the
petition is available for free at
http://bankrupt.com/misc/idb11-41502.pdf


POSITIVEID CORP: Obtains $111,250 Financing From JMJ Financial
--------------------------------------------------------------
PositiveID Corporation received a funding of $111,250 pursuant to
a $445,000 Promissory Note, as amended, dated Feb. 20, 2014, with
JMJ Financial, the Company disclosed in a Form 8-K filed with the
U.S. Securities and Exchange Commission.  The Company received
$100,000 of proceeds, net of original issue discount.

The Company had previously received proceeds of $175,000 pursuant
to two funding instalments in February and April, 2014, in the
aggregate amount of $194,688.  In August, 2014, the Lender
converted $17,304 of principal and interest related to the
February, 2014 financing, into 700,000 shares of the Company's
common stock.

The Note matures 24 months from the date funded, has a one-time
10% interest charge if not paid within 90 days, and is convertible
at the option of the Lender into shares of the Company's common
stock at the lesser of $0.042 per share or 60% of the average of
the two lowest closing prices in the 25 trading days prior to
conversion.  The Note might be accelerated if an event of default
occurs under the terms of the Note, including the Company's
failure to pay principal and interest when due, certain bankruptcy
events or if the Company is delinquent in its SEC filings.

                          About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $13.33 million on $0 of revenue for the year ended Dec. 31,
2013, as compared with a net loss attributable to common
stockholders of $25.30 million on $0 of revenue in 2012.

As of June 30, 2014, the Company had $1.19 million in total
assets, $6.98 million in total liabilities, all current, $1.21
million in mandatorily redeemable preferred stock and a $6.99
million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a working capital deficiency and an accumulated
deficit.  Additionally, the Company has incurred operating losses
since its inception and expects operating losses to continue
during 2014.  These conditions raise substantial doubt about its
ability to continue as a going concern.


PWK TIMBERLAND: Mediation Held With Withdrawing Members
-------------------------------------------------------
Mediation was held in the Chapter 11 case of PWK Timberland in
August.

Judge Robert Summerhays, on July 24, 2014, ordered that the
proceeding involving the objections to claims and motion to
determine impaired status relating to the Debtor and seven
withdrawing members are assigned to mediation before Gerald H.
Schiff.  The mediation was set August 20, 2014.

The movants agreed to commit funding to Gerald H. Schiff with an
hourly fee of $350.00 which is to be shared equally by the debtor
and the seven withdrawing members.

PWK Timberland is represented by:

     Gerald J. Casey, Esq.
     Attorney at Law
     613 Alano St.
     Lake Charles, LA 70601
     Tel: (337)474-5005

The seven withdrawing members are represented by:

     Ronald J. Bertrand, Esq.
     714 Kirby Street
     Lake Charles, LA 70601
     Tel: (337) 436-2541

                       About PWK Timberland

Lake Charles, Louisiana-based PWK Timberland LLC sought Chapter 11
protection (Bankr. W.D. La. Case No. 13-20242) on March 22, 2013.
Gerald J. Casey, Esq., serves as counsel to the Debtor.  The
Debtor disclosed $15,038,448 in assets and $1,792,957 in
liabilities as of the Chapter 11 filing.

The Debtor has filed a first amended plan of reorganization and
explanatory disclosure statement.   A copy of the First Amended
Disclosure Statement dated April 30, 2014, is available for free
at http://bankrupt.com/misc/PWKTIMBERLAND_1stAmdDS.PDF

As reported in the Dec. 11, 2013 edition of the Troubled Company
Reporter, PWK Timberland's Plan provides that all allowed claims
will be satisfied in full.  The Plan contemplates (i) that the
unsecured claims of former members are unimpaired; (ii) the Debtor
does not believe there are any general unsecured creditors but if
there are, they will be paid in full on the Effective Date; and
(iii) equity holders agreed to forgo any payments under the plan
until all impaired creditors have been paid in according to the
terms of the Plan.


QUARTZ HILL MINING: Appeals From Chapter 11 Dismissal Order
-----------------------------------------------------------
Quartz Hill Mining appealed from an order of dismissal entered on
August 4, 2014, dismissing its chapter 11 bankruptcy case with
prejudice.

Certificate of service was served on August 27, 2014 on all the
parties therein.

Quartz Hill Mining is represented by:

     MOFFA & BONACQUISTI, P.A.
     1776 N. Pine Island Road #102
     Plantation, FL 33322
     Tel: 954-634-4733
     Fax: 954-337-0637
     E-mail: John@MBPA-Law.com

                      About Quartz Hill

Quartz Hill Mining, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Case No. 14-15419, Bankr. S.D.Fla.) on March 7,
2014.  The case was initially assigned to Judge Robert A. Mark,
but later transferred to Judge A. Jay Cristol's chambers.  The
Debtor is represented by Robert P. Charbonneau, Esq., and
Jacqueline Calderin, Esq., at Ehrenstein Charbonneau Calderin, in
Miami, Florida.  The Debtor's special counsel is John A. Moffa,
Esq., at Moffa & Bonacquisti, P.A., in Plantation, Florida.  The
Debtor said it has $58 million in assets and $7.5 million in
debts.

Affiliate Superior Gold, LLC, also sought Chapter 11 protection.

The judge approved the joint administration of the two cases.


RANCHER ENERGY: Reports $175K Net Loss for Q2 Ended June 30
-----------------------------------------------------------
Rancher Energy Corp. filed its quarterly report on Form 10-Q,
disclosing a net loss of $175,360 on $nil of revenue for the three
months ended June 30, 2014, compared with a net loss of $148,299
on $nil of revenue for the same period last year.

The Company's balance sheet at June 30, 2014, showed
$1.61 million in total assets, $102,165 in total liabilities and
total stockholders' equity of $1.51 million.

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

                       http://is.gd/LPG5wZ

                       About Rancher Energy

Denver, Colorado-based Rancher Energy Corp. (OTC BB: RNCHQ)
-- http://www.rancherenergy.com/-- is an independent energy
company that explores for and develops produces, and markets oil
and gas in North America.  Through March 2011, the Company
operated four oil fields in the Powder River Basin, Wyoming.

Effective March 1, 2011, the Company sold all of its oil and gas
properties, which has allowed it to eliminate the majority of its
debt and also provide financial resources during its continuing
reorganization.

The Company was formerly known as Metalex Resources, Inc., and
changed its name to Rancher Energy Corp. in 2006.  Rancher Energy
Corp. was incorporated in the State of Nevada on Feb. 4, 2004.

Rancher Energy filed for Chapter 11 bankruptcy protection (Bankr.
D. Colo. Case No. 09-32943) on Oct. 28, 2009.  In its petition,
the Company estimated assets and debts of between $10 million and
$50 million each.

The Debtor is represented by lawyers at Onsager, Staelin &
Guyerson, LLC.

The Company sold substantially all of its assets effective
March 1, 2011, to Linc Energy Petroleum (Wyoming), Inc. in
exchange for cash of $20 million plus other potential future
consideration up to $825,000, and subject to other adjustments.
The deal was approved Feb. 24, 2011.

As reported in the Troubled Company Reporter on March 25, 2011,
the Company delivered to the Bankruptcy Court a first amended
Chapter 11 plan of reorganization, and first amended disclosure
statement explaining that plan.

The Bankruptcy Court approved the Second Amended Plan of
Reorganization and accompanying Disclosure Statement of Rancher
Energy Corporation on Sept. 10, 2012.  The Plan became effective
on Oct. 10, 2012.

Rancher Energy reported of $148,299 on $0 of revenue for the three
months ended June 30, 2013, as compared with a net loss of $79,217
on $0 of revenue for the same period during the prior year.

The report of Rancher Energy's independent registered public
accounting firm on the financial statements for the years ended
March 31, 2013, and 2012, includes an explanatory paragraph
relating to the uncertainty of the Company's ability to continue
as a going concern.  The Company has incurred a cumulative net
loss of approximately $91 million for the period from
incorporation, Feb. 4, 2004, to Sept. 30, 2013.


REGAL ONE: Incurs $166K Net Loss for Q2 Ended June 30
-----------------------------------------------------
Regal One Corporation filed its quarterly report on Form 10-Q,
disclosing a net decrease in net assets resulting from operations
of $166,199 on $nil of investment income for the three months
ended June 30, 2014, compared with a net increase in net assets
resulting from operations of $115,853 on $nil of investment income
for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $1.63 million
in total assets, $16,707 in total liabilities and stockholders'
equity of $1.61 million.

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

                       http://is.gd/iVAzVb

Los Angeles, Calif.-based Regal One Corporation is a financial
services company which coaches and assists biomedical companies,
through its network of professionals, in listing their securities
on the over-the-counter bulletin board (OTC BB) market.


REGIONAL CARE: Court Transfer Chapter 11 Case to Judge Whinery
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona transferred
the Chapter 11 bankruptcy case of Regional Care Services
Corporation and its debtor-affiliates to the Honorable Brenda
Moody Whinery.

               About Casa Grande Community Hospital
                    and Regional Care Services

Regional Care Services Corp., Casa Grande Community Hospital d/b/a
Casa Grande Regional Medical Center, Regional Care Physician's
Group, Inc., and Casa Grande Regional Retirement Community sought
Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 14-01383) in
Tucson, Arizona, on Feb. 4, 2014.

The Debtors, one of the largest employers in Pinal County, operate
an award winning, full service non-profit community hospital
serving more than 65,000 patients each year from the largely rural
communities of Casa Grande, Sacaton, Eloy, Florence and
surrounding communities.

CGRMC is a 177-licensed bed, general acute care hospital located
in Casa Grande, Arizona.  RCSC is the sole member and sponsor of
CGRMC, RCPG and CGRRC.

As of the Petition Date, CGRRC's management consists of Rona
Curphy as President, Cherie McGlynn as Chairman, David Fitzgibbons
as Vice Chairman, and John Robert McEvoy as Secretary/Treasurer.

Michael McGrath, Esq., and Kasey C. Nye, Esq., at Mesch, Clark &
Rothschild, P.C., in Tucson, Arizona; and Michael J. Pankow, Esq.,
and Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck,
LLP, in Denver, Colorado, serve as counsel to the Debtor.

Casa Grande Hospital estimated $50 million to $100 million in
assets and liabilities.

The Debtors have filed a Plan of Reorganization to effectuate the
sale of substantially all of their assets to Phoenix-based Banner
Health pursuant to a binding Asset Purchase Agreement dated
Feb. 4, 2014.

Banner Health is also providing $6.2 million of DIP financing.

Banner Health is represented in the case by Robert M. Charles,
Jr., Esq., and Susan M. Freeman, Esq., at Lewis Roca Rothgerber
LLP, as counsel.


ROBERT N. MORAN: No Quick Ruling in Suit Against U.S. Bank
----------------------------------------------------------
In the adversary proceeding, ROBERT N. MORAN, et al., Plaintiffs,
v. U.S. BANK, N.A., AS CUSTODIAN, et al., Defendant, Adv. Proc.
No. 13-90073 (Bankr. D. Hawaii), the debtor and his wife challenge
a claim secured by a first mortgage on their residence.  They seek
partial summary judgment on their contentions that the promissory
note and mortgage are void because an unlicensed mortgage broker
originated the loan. Genuine disputes of material fact preclude
summary judgment at this juncture, Bankruptcy Judge Robert J.
Faris in Hawaii said in a Sept. 4 Memorandum of Decision available
at http://is.gd/zpipm9from Leagle.com.

In 1995, Mr. and Mrs. Moran signed a promissory note and a
mortgage in favor of Applied Capital Mortgage, Inc., a California
corporation ("ACM").  The loan was "table funded."  Although ACM
is the payee under the note and the mortgagee under the mortgage,
ACM did not actually fund the loan.  Instead, Countrywide
Financial Corporation or one of its affiliates did.  Many
documents pertaining to the loan refer to Countrywide as the
lender and "Applied Capital," "Applied Capital Mortgage," "Applied
Capital Mortgage Inc.," or "Applied Capital Group" as the loan
broker.

Eventually, the ACM note and mortgage ended up in the hands of
defendant U.S. Bank, as custodian for a securitization trust.
After Mr. Moran filed a chapter 11 bankruptcy case, Mr. and Mrs.
Moran filed an objection to the claim and a counterclaim seeking
various relief.  The Morans rely on the then-applicable Hawaii
statute which provided that contracts with unlicensed mortgage
brokers are "void and unenforceable."

Before the legislature repealed the statute, the Hawaii Supreme
Court held that it applied to "table funded" loans like the
Morans' and that it rendered such loans largely unenforceable
(absent equitable relief).  According to Judge Faris, two
uncertainties in the record preclude summary judgment at this
point:

     1. The Morans must show that an unlicensed mortgage broker
was involved in the transaction.  ACM has never had a mortgage
brokers license under Hawaii law.  But TM Hogan, Inc., a Hawaii
corporation, did have a mortgage brokers license during 1995, and
it was the registrant of the trade name "Applied Capital Mortgage
Inc." during almost all of 1995.  There is no information in the
record about the relationship, if any, between ACM and the duly
licensed Hawaii mortgage broker that used ACM's name as its trade
name.

     2. The Morans must show that ACM was compensated or expected
compensation.  Under the statute that was in effect in 1995, a
"'[m]ortgage broker' means a person not exempt under section 454-2
who for compensation or gain, or in the expectation of
compensation or gain, either directly or indirectly makes,
negotiates, acquires, or offers to make, negotiate, or acquire a
mortgage loan on behalf of a borrower seeking a mortgage loan."
The record indicates that a check was issued at the loan closing
to "Applied Capital Mortgage," with a California address.  The
record does not exclude the possibility that these funds were
actually paid, not to the unlicensed California corporation, but
rather to the duly licensed Hawaii entity that used "Applied
Capital Mortgage, Inc." as its trade name.

Robert Norton Moran, aka Bob Moran, filed a Chapter 11 petition
(Bankr. D. Hawaii Case No. 10-03696) on Dec. 6, 2010.  He
estimated $1 million to $10 million in both assets and
liabilities.  A list of the Debtor's 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/hib10-03696.pdf


RESIDENTIAL CAPITAL: Court Tosses Suit by Deswal and Singh
----------------------------------------------------------
In the case, SUNITA DESWAL and PARS SINGH, Plaintiffs, v. U.S.
NATIONAL ASSOCIATION, as TRUSTEE for MORGAN STANLEY MORTGAGE LOAN
THROUGH CERTIFICATES, SERIES 2006-16AX, IDEAL MORTGAGE BANKERS
LTD. d/b/a LEND AMERICA, GENERAL MOTORS ACCEPTANCE CORPORATION
a/k/a GMAC MORTGAGE, SAXON MORTGAGE SERVICES, INC., and OCWEN
FINANCIAL CORP., Defendants, NO. 13 CV 03354 (RJD)
(MDG)(E.D.N.Y.), District Judge Raymond J. Dearie denied
Plaintiffs' motion for permission to file a default judgment, and
dismissed Plaintiffs' claims against all of the parties, including
Lend America and GMAC.

Plaintiffs Sunita Deswal and Pars Singh brought the action against
multiple defendants for violating federal and state laws in
connection with two mortgages for residential property they
purchased in 2006.

A copy of the Court's Memorandum and Order dated Aug. 28 is
available at http://tinyurl.com/nwpmmmofrom Leagle.com.

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


REVEL AC: Wants Until January 2015 to Removal Actions
-----------------------------------------------------
The Bankruptcy Court will convene a hearing on Sept. 15, 2014, at
10:00 a.m., to consider the Revel AC, Inc., et al.'s request to
file notices to remove actions until Jan. 15, 2015.

In the Debtors' motion, the Debtors also requested that the
removal extension will be 30 days after the entry of an order
terminating the automatic stay with respect to any particular
action, to file notices to remove actions.

The period to remove actions will expire Sept. 17, 2014, absent an
extension.

                           About Revel AC

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

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

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

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

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

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

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


RIVER CITY: Oct. 1 Hearing on Continued Use of Cash Collateral
--------------------------------------------------------------
The Bankruptcy Court will convene a final hearing on Oct. 1, 2014,
at 9:00 a.m., to consider River City Renaissance, LC, et al.'s
motion for continued use of cash collateral.

The Court held a hearing on the matter on Sept. 3.

As reported in the Troubled Company Reporter on Aug. 8, 2014,
Judge Kevin R. Huennekens gave the Debtors interim authority to
use the cash collateral of U.S. Bank National Association, as
trustee for the registered holders of Wachovia Bank Commercial
Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2005-C22, and U.S. Bank National Association, as trustee
for the registered holders of Wachovia Bank Commercial Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2006-
C23.

U.S. Bank asserts that the original principal indebtedness due
under the RCR Note, as of October 2005, was approximately
$30,350,000, and, as of April 2014, RCR owed to U.S. Bank
approximately $29,622,593.  U.S. Bank also asserts that the
original principal indebtedness due under the RCR III Note, as of
January 2006, was $6,300,000, and, as of April 2014, RCR III owed
to U.S. Bank approximately $6,354,245.

The Debtors said they have a vital need to use the cash collateral
because without access or use of the cash collateral, they may not
be able to provide the regular services to the tenants and
occupants of their properties and pay utilities, vendors, and
insurers.  The Debtors said their inability to do any of these
would cause immediate and irreparable harm to the estate.

                         About River City

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

                          *     *     *

The Debtor filed an amended list of its largest unsecured
creditors.  A copy of the document is available for free at
http://bankrupt.com/misc/RIVERCITY_57_amendedcreditorslist.pdf


ROCKDALE RESOURCES: Posts $672K Net Loss in Q2 Ended June 30
------------------------------------------------------------
Rockdale Resources Corporation filed its quarterly report on
Form 10-Q, disclosing a net loss of $672,838 on $235,775 of oil
and gas sales for the three months ended June 30, 2014, compared
with a net loss of $236,630 on $38,572 of oil and gas sales for
the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $3.64 million
in total assets, $340,840 in total liabilities, and stockholders'
equity of $3.3 million.

The Company has suffered recurring losses from operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.  The Company plans to generate
profits by drilling productive oil or gas wells.  However, the
Company will need to raise the funds required to drill new wells
through the sale of its securities, through loans from third
parties or from third parties willing to pay the Company's share
of drilling and completing the wells.  The Company does not have
any commitments or arrangements from any person to provide the
Company with any additional capital.  If additional financing is
not available when needed, the Company may need to cease
operations.  The Company may not be successful in raising the
capital needed to drill oil or gas wells.  Any wells which the
Company may drill may not be productive of oil or gas.  Management
believes that actions presently being taken to obtain additional
funding provide the opportunity for the Company to continue as a
going concern.

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

                       http://is.gd/wpyLSY

Austin, Tex.-based Rockdale Resources Corporation (formerly Art
Design, Inc.) was incorporated in the State of Colorado on
Jan. 16, 2002.  In April 2012 the Company discontinued its prior
operations and became involved in the exploration and development
of oil and gas.  On May 4, 2012, the Company amended its articles
of incorporation to change its name to Rockdale Resources
Corporation.


ROGERS BANCSHARES: Confirms Modified Joint Plan of Liquidation
--------------------------------------------------------------
A bankruptcy judge confirmed the Modified Joint Plan of
Liquidation, as proposed by Rogers Bancshares, Inc., and the
Official Committee of Unsecured Creditors.

The court authorized the proponents to modify the Plan.   As
reported in the Troubled Company Reporter on Sept. 1, 2014, the
Debtors requested for the Plan revision after Bankruptcy Judge
Richard Taylor expressed concerns regarding the indemnification
and release provisions in the plan at the July 17 status
conference.

The original plan granted a release of claims held by third
parties, which would have released anyone who held a right of
indemnity against the company.  In the revised plan, however, only
those listed in section 11.05(a), a new provision, would grant
each other a release.

The revision also divides section 11.05 of the original plan into
four sections: 11.05, 11.06, 11.07 and 11.08.  Sections 11.06 and
11.07 clarify that creditors and equity holders cannot pursue
claims or equity interests against the company or its assets
outside the scope of the plan.  Meanwhile, section 11.08 clarifies
that the plan agent may seek to enforce these provisions.

As reported by the TCR on Feb. 28, 2014, the plan designates and
provides for the treatment of five claim classes and interests --
Class 1 senior debt, Class 2 indenture claims, Class 3 pari passu
claims, Class 4 preferred stock, and Class 5 equity interest
holders.  All the claim classes are impaired.

The chief liquidation officer will become the plan agent to assist
Rogers Bancshares in performing its duties and obligations under
the liquidation plan.

                    About Rogers Bancshares

Little Rock, Arkansas-based Rogers Bancshares Inc., filed for
Chapter 11 relief (Bankr. E.D. Ark. Case No. 13-13838) on July 5,
2013.

Bankruptcy Judge James G. Mixon presides over the case.  Samuel M.
Stricklin, Esq., and Lauren C. Kessler, Esq., at Bracewell &
Giuliani, LLP, as well as W. Jackson Williams, Esq., at Williams &
Anderson, PLC, represent the Debtor in its restructuring efforts.
The Debtor estimated $10 million to $50 million in assets and
debts.  Rogers owes $41.3 million on three issues of junior
subordinated debentures and $39.6 million on four issues of
preferred stock. The petition was signed by Susan F. Smith,
secretary.

The Official Committee of Unsecured Creditors has hired Tyler P.
Brown, Esq., and Jason W. Harbour, Esq., at Hunton & Williams LLP
and James F. Downden, Esq., of the James F. Dowden PA firm as
counsel; and Carl Marks Advisory Group LLC as financial advisors.

On Nov. 25, 2013, the retention of Cheryl F. Shuffield as chief
liquidation officer was approved by the Court.


RONALD REAGAN ACADEMY: S&P Cuts Rating on 2007A Rev. Bonds to BB+
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'BB+' from 'BBB-' on Utah County, Utah's series 2007A charter
school revenue bonds issued on behalf of Ronald Wilson Reagan
Academy (RWRA).  The outlook is stable.

"The lower rating reflects our view of RWRA's consecutive years of
operating deficits on a full-accrual basis, resulting in
successive years of maximum annual debt service coverage of 1x,
which is a level we consider very thin," said Standard & Poor's
credit analyst Kenneth Gacka.  "However, the stable outlook
reflects the school's adequate cash levels and steady enrollment,
which has been at full capacity over the last several years and
provides some credit stability," continued Mr. Gacka.

The rating reflects S&P's view of:

   -- The school's slim maximum annual debt service coverage of 1x
      in the last two audited fiscal years, and S&P's expectation
      that coverage will be similar in fiscal 2014, based on
      unaudited financials;

   -- The school's limited future revenue growth because it is
      currently at its enrollment cap according to its charter
      contract; and

   -- The potential that the school could lose its charter (as
      with all charter schools) prior to the bonds' final
      maturity.

As of the fiscal 2013 audit, the school had $10.3 million of long-
term debt outstanding, consisting of the series 2007A bonds.


S.B. RESTAURANT: Court Extends Lease Decision Deadline to Jan. 12
-----------------------------------------------------------------
Bankruptcy Judge Erithe Smith on August 26, 2014, upon the motion
by debtor S.B. Restaurant Co., extended the time for the Debtor to
assume, assign or reject non-residential property leases through
and including the earlier of January 12, 2015.

The Debtors operate restaurants known as Elephant Bar. The debtors
currently operate 29 restaurants that are each subject to the
leases.

On August 6, 2014, the Debtors entered into an asset purchase
agreement with CM7 capital partners. The court, on August 22,
2014, approved the asset purchase agreement. Under the asset
purchase agreement, the buyer has the ability to designate leases
for assumption by the debtors and assignment to the buyer at a
later time. Hence, the buyer designates the leases until the
liquor license transfer process is completed.

The restaurants' related lease obligations are naturally of
critical importance to the debtors' post-closing obligations under
the sale to the buyer under the asset purchase agreement. For the
debtors to comply with this requirement under the asset purchase
agreement and assume and assign the subject leases, the debtors
need to extend the period during which they may assume or reject
the leases.

The denial of the request will, in effect, force the debtor to
prematurely assume the leases which is to the prejudice of the
debtors, creditors, and estates.

S.B. Restaurant is represented by:

     Jeffrey N. Pomerantz, Esq.
     John W. Lucas, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., Suite 1300
     Los Angeles, CA  90067-4114
     Telephone: 310/277-6910
     Facsimile: 310/201-0760
     E-mail: jpomerantz@pszjlaw.com
             jlucas@pszjlaw.com

                    About S.B. Restaurant Co.

S.B. Restaurant Co. dba Elephant Bar Global Grill/Wok Kitchen, now
a chain of 29 restaurants in seven states, filed a petition for
Chapter 11 protection (Bankr. C.D. Cal. Case No. 14-13778) on June
17, 2014, in Santa Ana, California.  The case is assigned to Judge
Erithe A. Smith.

The Debtors' counsel is Jeffrey N. Pomerantz, Esq., and John W.
Lucas, Esq., at Pachulski Stang Ziehl & Jones LLP, in Los Angeles,
California.  The Debtors' chief restructuring officers are from
Deloitte Transactions & Business Analytics LLP, while their
investment banker is Mastodon Ventures, Inc.  The Debtors'
noticing claims and balloting agent is Rust Consulting Omni
Bankruptcy.

An official committee of unsecured creditors was appointed in the
case of S.B. Restaurant Co. Debtors' cases.  The panel comprises
of (1) General Growth Properties Inc., c/o Julie Minnick Bowden of
Chicago, IL; (2) The Macerich Company, c/o Bill Palmer of
Pittsford, NY; and (3) Global Media Group c/o Mark Torres of
Rancho Santa Margarita, CA.  The Committee retained Cooley LP as
its counsel.


SCHROEDER INVESTMENT: Case Summary & 9 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Schroeder Investment Partners, LLC
           dba The Friendly Buffalo
        758 Independent DR
        Big Lake, MN 55309

Case No.: 14-43660

Nature of Business: Event Center, Bar and Restaurant

Chapter 11 Petition Date: September 5, 2014

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Hon. Katherine A. Constantine

Debtor's Counsel: Robert Kalenda, Esq.
                  KALENDA LAW OFFICE
                  919 W St Germain St Ste 2000
                  St. Cloud, MN 56301
                  Tel: 320-255-8840
                  Email: dana@kalendalaw.com

Total Assets: $11,732

Total Liabilities: $1.11 million

The petition was signed by Patti Schroeder, member.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb14-43660.pdf


SCOTTSDALE VENETIAN: Confirmation Hearing Resumes Tomorrow
----------------------------------------------------------
The Bankruptcy Court continued until Sept. 10, 2014, at 11:00
a.m., the hearing to consider the confirmation of Scottsdale
Venetian Village LLC's Fourth Amended Plan of Reorganization dated
Feb. 14, 2014.

As reported in the TCR on April 30, 2014, First National Bank of
Hutchinson objected to the Plan.  According to the Bank, the
Debtor's Plan should not be confirmed for these reasons:

  (1) The Debtor cannot establish that the Plan is feasible
because its projections are completely unrealistic and unsupported
by any evidence to justify the drastic turnaround that this Plan
projects;

  (2) The Debtor's treatment of the Bank's claim, with a 4.5%
interest rate and 12-year term, does not reflect a market rate of
interest or term given the high risks associated with the Loans;

  (3) The Plan is proposed in bad faith as the sole objective of
this Plan is to cash out an insider, Perez Holdings II, LLC, years
before the rest of the creditors, including over a decade before
paying off the secured creditor; and

  (4) Glacier Development Companies LLC has not presented any sort
of business plan or evidence that it can perform under the terms
of the Membership Interest Purchase Agreement with Perez Holdings
or the Plan that it would inherit.

Bank of Hutchinson says the proposed cash infusions from Glacier
Development in the amounts of $500,000 and $1,000,000 are
inadequate, and the Debtors' projections are unobtainable.  The
Bank says that based on the fact that the Debtor's projections are
unobtainable, the $1,000,000 reserve will evaporate almost
immediately just to meet its debt service (even at the Debtor's
proposed 4.5% interest rate) and/or the Debtor's ongoing expenses.
According to the Bank, if there are any unexpected or
unanticipated expenses, the cash infusion will be gone and thus
the Debtor will not be able to cover those expenses.

                         ADOR Agreement

State of Arizona ex rel. Arizona Department of Revenue -- which
asserts a secured claim of $237,000, a priority claim of $54,000
and a general unsecured claim of $3,777 -- says it has reached
with the Debtor basic terms upon which to resolve its objection to
confirmation of the Plan, and the Debtor's objection to its
claims.  While a stipulation is in preparation, ADOR filed a
limited objection to preserve its rights and remedies in the event
the agreement is not finalized.

                       The Chapter 11 Plan

As reported in the March 12, 2014 edition of the TCR, Scottsdale
Venetian Village LLC has won approval of the disclosure statement
explaining its proposed Chapter 11 plan.  The bankruptcy judge
approved the disclosure statement after the Debtor resolved the
objection made by First National Bank of Hutchinson.

Scottsdale Venetian Village amended the Plan documents on Feb. 27,
2014, to incorporate terms reached with the buyer for the Debtor's
interests in the Days Hotel in Scottsdale, Arizona.

According to the Fourth Amended Disclosure Statement, after arm's-
length negotiations, Glacier Development Companies, LLC, entered
into a membership interest purchase agreement with the Debtor and
Perez Holdings.  Glacier has already deposited $200,000 in escrow
to serve as an earnest deposit.

Pursuant to the Purchase Agreement, Glacier has a 30-day period in
which to conduct its due diligence.  During that time, Glacier can
walk away from the sale for any reason.  However, if Glacier does
not walk away, the sale is due to close within approximately 30
days of the entry of a final order confirming the Plan.  Glacier
has a right to approve the terms of the Plan before confirmation.

If the Purchase Agreement is consummated, several integrated
transactions will occur.  Upon closing, Glacier will receive 100%
of the equity interests in the Debtor in exchange for a promissory
note in the amount of $1,500,000 executed in favor of Perez
Holdings.  Glacier will deposit in a joint account in the name of
Glacier and the Debtor, an additional $300,000, which when
combined with the current earnest deposit, will make $500,000
available to be used by the Debtor to deal with claims, such as
administrative and priority claims, as well as allowing the Debtor
to offer discounts for cash to those with allowed claims. In
addition, Glacier will deposit in an account an additional
$1,000,000 as additional financial resources to provide further
assurance of the Debtor's financial capability to meet its
operational and Plan obligations post confirmation.

Pursuant to a promissory note executed at closing, one year after
confirmation of the Plan, Glacier will pay Perez Holdings
$1,500,000.  In the event that Glacier fails to make the payment
due to Perez Holdings under its promissory note, the Purchase
Agreement provides Perez Holdings the ability to foreclose upon,
and regain, the equity interests in the Debtor.

Additionally, pursuant to the Purchase Agreement, the Reorganized
Debtor will provide bonuses of $115,000 and $30,000, respectively,
to Shahram Sodiefi and Sara Stevens for their key roles in the
operation, and subsequent transition, of the Property.

The Plan proposes to treat claims and interests as follows:

   -- First National Bank of Hutchinson will receive full payment
      with interest in the form of a promissory note that will
      mature and become fully due and payable on the 12th
      anniversary of the effective date of the Plan.

   -- Maricopa County's secured claims will be paid in full in
      installments.  If Maricopa County votes in favor of the
      Plan, it will receive a cash payment of $5,000 on the
      Effective Date that will be applied to outstanding real
      property taxes, with the balance to be paid in installments.

   -- Holders of allowed unsecured claims will be paid in full,
      with interest, in equal quarterly installments commencing
      on the Effective Date and concluding on the eight
      anniversary of the Effective Date.

   -- With respect to equity, if the purchase agreement is not
      consummated, the current interest holder(s) will retain
      their equity interests.  If the purchase agreement is
      consummated, the buyer will own all of the equity interests
      in the Reorganized Debtor.

A copy of the Fourth Amended Disclosure Statement dated Feb. 27,
2014, is available for free at:

     http://bankrupt.com/misc/Scottsdale_Ven_4th_Am_DS.pdf

                   About Scottsdale Venetian

Scottsdale Venetian Village, LLC, operates the Days Hotel located
at 5101 N. Scottsdale Road, in Scottsdale, Arizona.  The Company
also operates Papi Chulo's Mexican Grill & Cantina, located
immediately adjacent to the hotel.  The hotel consists of 211
guest rooms and, among other things, facilities for meetings and
banquets.

Scottsdale Venetian Village filed a Chapter 11 petition (Bankr. D.
Ariz. Case No. 13-02150) on Feb. 19, 2013, in Phoenix, estimating
at least $10 million in assets and less than $10 million in
liabilities.

The Debtor is represented by John J. Hebert, Esq., and Wesley D.
Ray at Polsinelli Shughart, P.C., in Phoenix.  Charles B. Foley,
CPA, PLLC serves as the Debtor's accountant.

As reported in the March 12, 2014 edition of the TCR, Scottsdale
Venetian Village LLC has won approval of the disclosure statement
explaining its proposed Chapter 11 plan.  The bankruptcy judge
approved the disclosure statement after the Debtor resolved the
objection made by First National Bank of Hutchinson.

Scottsdale Venetian Village amended the Plan documents on Feb. 27,
2014, to incorporate terms reached with the buyer for the Debtor's
interests in the Days Hotel in Scottsdale, Arizona.


SHOTWELL LANDFILL: Supplementary Ch.11 Trustee Order Entered
------------------------------------------------------------
Bankruptcy Judge Stephani W. Humrickhouse on Sept. 4 issued a
supplementary order setting out bases for the Court's denial of
the motion to appoint a Chapter 11 trustee in the cases of
Shotwell Landfill, Inc., Capital Waste Transfer, LLC, Capital
Recycling, LLC, Debris Removal Partners, LLC, Shotwell Transfer
Station II, Inc., and King's Grading, Inc.  A copy of the Court's
Sept. 4, 2014 Supplementary Order is available at
http://is.gd/MGB9Asfrom Leagle.com.

On June 13, 2014, the court entered a summary order denying the
emergency motion of David A. Cook and LSCG Fund 18, LLC to appoint
a chapter 11 trustee in these consolidated cases.  The Movants
having appealed that order, and the Bankruptcy Court's
supplementary order details the bases for the court's decision.

                  About Shotwell Landfill, Inc.

Raleigh, North Carolina-based Shotwell Landfill, Inc., filed a
Chapter 11 petition (Bankr. E.D.N.C. Case No. 13-02590) in Wilson
on April 19, 2013.  Blake P. Barnard, Esq., William P. Janvier,
Esq., and Samantha Y. Moore, Esq., at the Janvier Law Firm, PLLC,
in Raleigh, N.C., represent the Debtor as counsel.  William W.
Pollock, Esq., at Ragsdale Liggett PLLC, in Raleigh, N.C.,
represents the Debtor as special counsel.

The Debtor, in its amended schedules, disclosed $23,235,236 in
assets and $10,049,020 in liabilities.

Shotwell Landfill appointed Doug Gurkins as restructuring officer.

                           *     *     *

Judge Stephani W. Humrickhouse has terminated the exclusivity
period within which the affiliate debtors of Shotwell Landfill
Inc., may file a chapter 11 plan and disclosure statement.  On
August 25, 2014, secured creditor LSCG Fund 18, LLC, filed with
the Bankruptcy Court a Second Amended Consolidated Chapter 11 Plan
of Liquidation for Shotwell Landfill et al.  The Plan states that
the Debtors' creditors are best served if the landfill located at
4724 Smithfield Road, Wendell, North Carolina 27591, and all of
the Debtors' property are managed, marketed, and liquidated.
Within six months of the confirmation date (or at a later time as
a liquidation trustee will determine only after consultation and
approval by LSCG and the Unsecured Creditors' Committee), the
Liquidation Trustee will conduct an auction of the property,
including the Landfill.


SOCKET MOBILE: Accumulated Deficit at $61.1-Mil. as of June 30
--------------------------------------------------------------
Socket Mobile, Inc., filed its quarterly report on Form 10-Q,
disclosing that it was profitable in the quarter and six months
ended June 30, 2014, but unprofitable in the quarter ended March
31, 2014.  The Company was profitable in each of the first two
quarters in 2013, but unprofitable in the third and fourth
quarters, and unprofitable in total for fiscal 2013 in the amount
of $620,493.  As of June 30, 2014, the Company has an accumulated
deficit of $61,101,284.  The Company's cash balances at June 30,
2014 were $702,465, including $814,575 advanced on its bank lines
of credit.  At June 30, 2014, the Company had additional unused
borrowing capacity of approximately $494,000 on its bank lines of
credit.  The Company's balance sheet at June 30, 2014 has a
current ratio (current assets divided by current liabilities) of
0.5 to 1.0, and a working capital deficit of $3,492,700 (current
assets less current liabilities).  These circumstances raise
substantial doubt about the Company's ability to continue as a
going concern, according to the regulatory filing.

The Company reported net income of $92,814 on $4.39 million of
revenues for the three months ended June 30, 2014, compared with
net income of $43,509 on $4.43 million of revenues for the same
period last year.

The Company's balance sheet at June 30, 2014, showed $8.62 million
in total assets, $8.27 million in total liabilities and total
stockholders' equity of $351,553.

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

                       http://is.gd/MWDJKL

Socket Mobile, Inc., manufactures mobile cordless barcode scanners
and handheld computers for the business mobility markets.  The
Eureka Drive, Newark-based Company caters to clients in the
retail, commercial services and healthcare.


SPECIALTY PRODUCTS: Republic and NMBFiL Seek Joint Administration
-----------------------------------------------------------------
Republic Powder Metals and NMBFiL, as new debtors, asked the
bankruptcy court to direct the joint administration of their
chapter 11 cases together with the cases of Specialty Products
Holdings and Bondex, as initial debtors.  The joint
administration is for procedural purpose only. The new debtors
are, likewise, seeking before the court that certain relief be
extended to them as a result of the joint administration.

On May 31, 2010 the initial debtors commenced reorganization by
filing a chapter 11 case. On August 15, 2014, the new debtors
filed before the court a chapter 11 case. The new debtors are
affiliates of the initial debtors.

On July 26, 2014, Republic, the initial debtors and International
entered into a settlement term sheet setting forth the parties'
agreement in principle to resolve all present and future asbestos
personal injury claims related to the initial debtors and
Republic.

On the same date, NMBFiL and International entered into a
settlement term sheet setting forth, likewise, the parties'
agreement in principle to resolve all present and future asbestos
personal injury claims related to NMBFiL.  The term sheets
contemplate the filing of a consolidated plan of reorganization
for the debtors that will provide for the creation and funding of
a trust or trusts for the benefit of current and future asbestos
personal injury claimants of the debtors.

In line with the request of joint administration, the new debtors
request that certain relief granted to the initial debtors
pursuant to the filing of a) consolidated list of creditors and
b) consolidated list of the 30 asbestos plaintiff firms with the
largest number of asbestos cases against the debtor be applied to
them.

Republic Powdered Metal and NMBFiL are represented by:

     Daniel J. DeFranceschi, Esq.
     Paul N. Heath, Esq.
     Zachary I. Shapiro, Esq.
     Tyler D. Semmelman, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Telephone: (302) 651-7700
     Facsimile: (302) 651-7701

          - and -

     Gregory M. Gordon, Esq.
     Dan B. Prieto, Esq.
     Paul M. Green, Esq.
     JONES DAY
     2727 N. Harwood Street
     Dallas, TX 75201
     Telephone:  (214) 220-3939
     Facsimile: (214) 969-5100

Republic powdered metal is a leader in the roof coating and
restoration industry which provides exclusive products for roof
and wall restoration, including an extensive line of roof
coatings.

NMBFiL is formerly known as Bondo Corporation. It is a
manufacturer of auto body repair products for the automotive
aftermarket and various other professional and consumer
applications. In November 2007, NMBFiL sold substantially all of
its assets and no longer has business operation.

                  About Republic Powdered Metals

Republic Powdered Metals, Inc., and affiliate NMBFiL, Inc. sought
Chapter 11 protection (Bankr. D. Del. Case No. 14-12028) on Aug.
31, 2014.  Republic provides exclusive products for roof and wall
restoration, including an extensive line of roof coatings.  It
estimated assets of $10 million to $50 million and debt of less
than $10 million as of the bankruptcy filing.

The Debtors have sought joint administration of their Chapter 11
cases for procedural purposes only, with the chapter 11 cases of
Specialty Products Holding Corp. and Bondex International, Inc.

Specialty Products, a unit of RPM International Inc., is a
manufacturer, distributor and seller of various specialty
chemical
product lines, including exterior insulating finishing systems,
powder coatings, fluorescent colorants and pigments, cleaning and
protection products, fuel additives, wood treatments and coatings
and sealants, in both the industrial and consumer markets.

Specialty and affiliate Bondex International filed for Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 10-11780) on
May 31, 2010.  The Debtors have tapped Jones Day as counsel,
Richards Layton & Finger, as co-counsel, and Logan and Company as
the claims and notice agent.  Specialty estimated assets and
debts
of $100 million to $500 million as of the bankruptcy filing.


SRKO FAMILY: Lienholder Committee Proposes Second Amended Plan
--------------------------------------------------------------
The Informal Mechanics Lienholder Committee in the Chapter 11 case
of SRKO Family Limited Partnership filed on Aug. 28, 2014, a
proposed Second Amended Plan and an explanatory disclosure
statement.  A copy of the Disclosure Statement is available for
free at http://bankrupt.com/misc/SRKOFAMILY_1157_ds.pdf

The Lienholders Plan calls for the vesting of the Colorado
Crossing project (or the unsold portions of Colorado Crossing).
The existing limited and general partnership interests in SRKO
will be canceled; and Reorganized SRKO will be owned by certain
classes of creditors of SRKO and the Jannie Richardson bankruptcy
estate.

The Plan leaves open the prospect that all or any portion of
Colorado Crossing may be sold prior to the Plan Effective Date.

If all of Colorado Crossing remains unsold as of the Plan
Effective Date, Reorganized SRKO will sell Filing 1 pursuant to
the Star Mesa Contract; or, if that sale fails to close, will sell
Filing 1 expeditiously as possible in the exercise of its
reasonable business judgment.

Reorganized SRKO will proceed with the development of the Vacant
Land.  Net proceeds from the development will be distributed to
the creditors.  Reorganized SRKO will be capitalized with an Exit
Loan in the amount of $4 million, and Preferred Equity of an
additional $5 million.  Certain creditors will be given the
opportunity to subscribe to additional Preferred Equity in
Reorganized SRKO.

The Informal Mechanics Lienholder Committee consists of G.E.
Johnson Construction Company, Inc., Stresscon Corp., Mech-One,
Inc., Olson Plumbing and Heating Company, Rial Heating and Air
Conditioning, Inc., E Light Electric Services, Inc., and Bible
Electric, Inc.

                         Competing Plans

As reported in the Troubled Company Reporter on Sept. 2, 2014,
Jannie Richardson and Webelievetomorrow, LLC, submitted a proposed
Plan of Reorganization for the Debtor.

The proposed Plan provides that prior to the confirmation hearing,
SRKO will conduct an auction of Colorado Crossing.  If the auction
results in one or more contracts for the sale of all of Colorado
Crossing that are approved by the Bankruptcy Court by final order,
then the Plan will provide for the consummation of any such
contracts, to the extent the sales have not closed by the Plan
Effective Date, and for the distribution of the net proceeds from
the sales to the creditors of SRKO pursuant to the terms of the
Plan through the Liquidation Trust.

To the extent that the auction does not result in the Court-
approved sale of all of Colorado Crossing, the Plan calls for the
vesting of the Colorado Crossing project (or the unsold portions
of Colorado Crossing), together with related contracts and leases,
permits, licenses, and development rights, and any other assets,
in WBT.

WBT will have Class A and Class B members.  Class A will be owned
by Allen Richardson, Jeffrey Stinson and J Stinson and will hold
either 100% or 95% of the voting power of the members.  Although
Class A will share in 100% of the profits or losses, the required
payments under the Plan are calculated such that the virtually all
of the profits are paid to the creditors through the Liquidation
Trust.  Class B will be owned by the Liquidation Trust and will
hold either none or 5% of the voting power of all members.  Class
B interests will convert automatically to 99% of the Class A
membership interests in the event of an uncured material default
under the Plan, thus assuring that the Liquidation Trust will
control WBT in the event of such a default.  The beneficiaries of
the Liquidation Trust will be the unsecured creditors of SRKO,
including the Richardson Estate.

On the Effective Date, WBT will receive $3.0 million in equity
funding and will borrow $10.0 million secured by a first lien on
all the property.  From the funds, WBT will pay all administrative
expenses including all DIP loans, all tax claims, all mechanic's
liens against the Vacant Land and $1.5 million to the holders of
the priority mechanic's liens against Filing 1.  In addition, WBT
will pay $3.0 million to the Liquidation Trust, the majority of
which will be immediately distributable to the general unsecured
creditors.
A continued final hearing on the Disclosure Statement explaining
the Richardson Plan is scheduled for Sept. 24, 2014, at 10:30 a.m.

A copy of the Disclosure Statement is available for free at
http://bankrupt.com/misc/SRKOFAMILY_1131_ds.pdf

                   About The SRKO Family LP

The SRKO Family Limited Partnership, dba Colorado Crossing, is
based in Colorado Springs, Colorado.  SRKO Family is the owner of
the financially troubled Colorado Crossing project.  The Company
was run by Colorado Springs developer Jannie Richardson.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Colo. Case No. 10-13186) on Feb. 19, 2010.  The Debtor disclosed
$34,421,448 in assets and $80,619,854 in liabilities as of the
Petition Date.  Lee M. Kutner at Kutner Miller Brinen, P.C.
represents the Debtor.

On March 25, 2010, Jannie Richardson filed a Chapter 11 petition
in the Court commencing the Richardson bankruptcy case.  C. Randel
Lewis was appointed as the Chapter 11 trustee in the Richardson
case on Jan. 28, 2011.

On March 11, 2011, the Bankruptcy Court entered an order approving
a stipulation pursuant to which the Chapter 11 trustee in the
affiliated Richardson Chapter 11 case was named as the manager of
the Debtor's general partner.  Craig A. Christensen, Esq., at
Lindquist & Vennum LLP, represents C. Randel Lewis, the Chapter 11
trustee of the Jannie Richardson bankruptcy estate.




SYNARC-BIOCORE HOLDINGS: S&P Affirms 'B-' Corp. Credit Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B-' corporate
credit rating on Synarc-BioCore Holdings LLC and revised the
outlook to stable from positive.

"We revised our outlook on the company to stable from positive
based on our expectation that the company will not generate
meaningfully positive discretionary cash flow over the near term,"
said credit analyst Tulip Lim.  "We expect margins will rise next
year as the company realizes synergies from the merger and
integration and transaction costs roll-off.  However, given year-
to-date revenue declines and higher merger, transaction, and
integration costs this year than what we originally anticipated,
we expect the company will incur discretionary cash flow deficits
in 2014 and will not generate meaningfully positive discretionary
cash flow in 2015."

The outlook is stable and based on S&P's expectation that revenue
trends will improve, that merger and integration costs will wind
down, and that the company will achieve some synergies over the
next couple of years.  It also reflects S&P's expectation that
liquidity will remain adequate over the near term.

Upside scenario

S&P could raise the rating if Synarc-BioCore manages the
integration better than it currently expects and if the company's
organic revenue grows at a mid-single-digit pace or more.  In such
a scenario S&P thinks the company would generate annual positive
discretionary cash flow of about $10 million.

Downside scenario

S&P could lower the rating if contract signing remains depressed,
integration challenges arise, and anticipated synergies are not
achieved, leading to persistent discretionary cash flow deficits.
This could occur if revenue continues to decline and EBITDA
margins remain 500 basis points or more below S&P's expected
normalized range of high teens to low 20%.  In this case, S&P sees
meaningful risk that the company will not be able to cover its
interest costs and maintenance capital expenditure requirements.
At this point, S&P would deem the capital structure to be
unsustainable.


TEM ENTERPRISES: Oct. 8 Hearing on Final Approval of Plan Outline
-----------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Oct. 8, 2014, at
1:30 p.m., to consider (i) final approval of adequacy of
information in the Disclosure Statement; and (ii) confirmation of
the Tem Enterprises Plan of Reorganization.

The Court conditionally approved the Disclosure Statement and
further ordered that the deadlines in relation to the Plan are:

    Sept. 24                    ballot deadline
    Sept. 25                    tabulation of ballots
    Sept. 26                    objection deadline
    Oct. 1                      replied deadline

The Debtor has requested that the Court hold a combined hearing
for its Plan and Disclosure Statement, stating that the Plan
contemplates full payment to all administrative claimants,
priority claimants and priority tax claimants and a 5-10% payment
to all general unsecured creditors.  The treatment will change in
the event that this Chapter 11 is delayed further.  Secured
creditor AerLine Holdings LLC, is ready, willing and able to close
pursuant to the Plan and conditional approval assists in the
process.

According to the Disclosure Statement, the Plan proposes that
AerLine makes a New Capital Contribution in exchange for the
New Equity in the Reorganized Debtor.  The Reorganized Debtor will
make distributions from the New Capital Contribution to pay all
Allowed Unclassified Claims, Class 1 Claims and Class 2 Claims in
full.  Class 3 claims will be paid from the remaining Cash left in
the New Capital Contribution and the Holders of such Allowed
General Unsecured Claims in Class 3 will receive their Pro Rata
portion of the Allowed amount of their Claims on the Effective
Date of the Plan or when such Claim becomes Allowed, whichever is
later.  The interests of Holders of Old Equity Interests in Class
4 will be forever extinguished, canceled and terminated under the
Plan.

A copy of the Disclosure Statement is available for free at
http://bankrupt.com/misc/TemEnterprises_205_DS.pdf

                     About Tem Enterprises

Tem Enterprises dba Xtra Airways filed a Chapter 11 bankruptcy
petition (Bankr. D. Nev. Case No. 14-13955) on June 4, 2014.
Judge August B. Landis oversees the case.  The Debtor disclosed
$6,129,714 in assets and $18,386,432 in liabilities as of the
Chapter 11 filing.  Lisa Dunn signed the petition as president.
McDonald Carano Wilson LLP serves as the Debtor's counsel.


TLC HEALTH: Hearing on Sale of Assets Continued Until Sept 29
-------------------------------------------------------------
The Bankruptcy Court continued until Sept. 29, 2014, at 1:00 p.m.,
the hearing to consider results of auction and sale of
substantially all of TLC Health Network's assets.

Previous hearings were scheduled for July 17, July 23, and
Aug. 25.  At the Sept. 29 hearing, the Court will also consider
the objections filed against the motion.

On July 15, William K. Harrington, U.S. Trustee for Region 2,
objected on a limited basis, stating that the Debtor did not state
in the motion whether it has or had a policy prohibiting the
transfer of personally identifiable information and if so whether
such policy was in effect at the time it commenced the case.

According to the U.S. Trustee, the Debtor sought authorization to
sell substantially all of its assets, which would include its
acute care hospital, a home health agency and a skilled nursing
facility.

On June 10, the Bankruptcy Court approved a sale and bidding
process relating to the sale of substantially all assets of the
Debtor.

The Court authorized the secured lenders to credit bid at the
auction, provided however, the secured lenders will satisfy any
cure obligations associated with the assumption and assignment of
an executory contract or unexpired lease with cash, and will be
required to satisfy the claims and obligations of any secured
lender in cash.

As reported in the Troubled Company Reporter on Aug. 7, 2014,
Stephen T. Watson, writing for The Buffalo News, reported that
Lake Shore Health Care Center received another month to market
itself to prospective buyers.  According to the report, Lake Shore
attorney Jeffrey A. Dove said at a hearing before U.S. Bankruptcy
Court Chief Judge Carl L. Bucki that the hospital received three
bids for pieces of its operations during a recent planned auction
of its assets that later was canceled.

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

The Trustee is represented by:

         Joseph W. Allen, Esq., Assistant U.S. Trustee
         Olympic Towers
         300 Pearl Street, Suite 401
         Buffalo, NY 14202
         Tel: (716) 551-5541

                   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.


TRUMP INT'L GOLF COURSE: Defaults on $20-Mil. Loan
--------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that a
golf course in Puerto Rico that uses celebrity developer Donald
Trump's name has defaulted on its borrowing agreement with
municipal bondholders who extended more than $20 million to build
the 36-hole luxury course.  According to the report, in an Aug. 29
letter filed to public bond disclosures, the owner of The Trump
International Golf Club Puerto Rico blamed its failure to pay
$119,814.17 in August on "financial difficulties."


TRUMP TAJ MAHAL: Atlantic City Casino Could Head for Bankruptcy
---------------------------------------------------------------
Josh Kosman, writing for The New York Post, reported that the
Trump Taj Mahal, the 24-year-old Boardwalk casino, has recently
broken some of its loan covenants, and without a quick deal with
its creditors could be headed for a Chapter 11 reorganization
within days.  According to the report, talks between Trump
Entertainment Resorts -- which owns the Taj and its neighbor, the
soon-to-close Trump Plaza -- and its creditors have not found an
out-of-court solution.


TRANSPERFECT INT'L: Kramer Levin's Dissolution Petition Tossed
--------------------------------------------------------------
TransPerfect Global, the world's largest privately-held provider
of language services and related technology solutions, on Sept. 8
disclosed that its largest operating subsidiary, TransPerfect
Translations International, has successfully defeated a
shareholder bid to dissolve the company.  This loss culminates a
series of losses endured by counsel Kramer Levin Naftalis &
Frankel LLP (Kramer Levin) related to litigation brought to
dissolve TransPerfect.

At the hearing on June 26th, the Honorable Justice Melvin
Schweitzer remarked, "This is the fullest house we've had, so
[TransPerfect has] set a record," while presiding over proceedings
in which approximately 100 TransPerfect employees appeared to
support the company and oppose the dissolution bid.

Kramer Levin partner Ron Greenberg went as far as alleging
TransPerfect's corporate environment was "a war zone."  The Court,
however, rejected Greenberg's argument.  "I am hearing an awful
lot of things that have to do with squabbles . . . for my
purposes, that's not enough," Justice Schweitzer stated during the
proceedings, which resulted in multiple denials and included the
dismissal of Kramer Levin's dissolution petition.

TransPerfect's victory on the dissolution issue in New York
Supreme Court was decisive.  In a joint public statement prior to
the hearing, TransPerfect Co-CEOs Phil Shawe and Liz Elting
stated, "TransPerfect today is a global leader that has taken 22
years of hard work to build, and we can tell you unequivocally:
the business is the strongest it has ever been . . . Revenues are
up over 15 percent this year, and our clients, our employees, our
vendors, and all stakeholders in our business are completely
secure."

Kramer Levin, after expending vast resources to litigate these
unsuccessful claims against TransPerfect in New York, has now
sought the Court's permission to withdraw all remaining claims
against TransPerfect and its management.

Justice Schweitzer summed it up best at the June 26th hearing when
he compellingly stated, "The Court is of the view that anything
which will contribute to keeping this company as successful as it
has been outweighs the interests of any individual . . .
[TransPerfect] appears to be a marvelous success and that should
not be threatened in any way."

Appreciative of the Court's conclusions and comments from the
bench, immediately following the hearing, Co-CEOs Phil Shawe and
Liz Elting stated, "We're both extremely pleased with the Court's
decision; we view this as a fresh start, and major step forward
for the company."

           About Kramer Levin Naftalis & Frankel LLP

Kramer Levin is a full-service law firm with extensive
capabilities and substantial experience.  From offices in New
York, Silicon Valley and Paris, they represent clients from Global
1000 companies to emerging growth entities across a wide range of
industries.  In addition to litigation and corporate capabilities,
they have top tier practices in many other areas including
corporate restructuring & bankruptcy, intellectual property, real
estate, land use, mutual funds, tax, employment law, individual
clients, employee benefits and business immigration.

       About TransPerfect Translations International, Inc.

TransPerfect is a family of companies providing global business
services in over 170 languages, from over 85 offices on 6
continents.  TransPerfect Translations International is the
company's largest operating subsidiary and is headquartered in New
York City.  TransPerfect provides a full range of language and
business services including translation, interpretation, website
globalization, subtitling/voiceovers, multicultural marketing,
diversity and inclusion consulting, deposition services, and
litigation support to multinational companies.


UNIVERSAL COOPERATIVE: Court Sets September 30 as Claims Bar Date
-----------------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware set September 30, 2014 at 4:00 p.m.
(prevailing Eastern Time) as deadline for creditors of Universal
Cooperatives Inc. and its debtor-affiliates to file their proofs
of claim.

Governmental units have until Nov. 7, 2014 at 4:00 p.m.
(prevailing Eastern Time) to file their claims.

Proofs of Claim can be sent by first-class mail, overnight
courier, or hand-delivery to:

  Universal Cooperatives, Inc.
  Claims Processing Center
  c/o Prime Clerk, LLC
  830 3rd Avenue, 9th Floor
  New York, NY 10022

                   About Universal Cooperatives

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

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

The cases are assigned to Judge Mary F. Walrath.

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

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

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

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


UNIVERSAL COOPERATIVE: Has Until Dec. 7 to Make Lease Decisions
---------------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware extended the deadline Universal Cooperatives
Inc. and its debtor-affiliates to assume or reject unexpired
leases of nonresidential real property until Dec. 7, 2014.

The Debtors told the Judge Walrath that they are seeking authority
to sell certain assets to BCHU Acquisition LLC and planning to
assume and assign certain unexpired leases of nonresidential real
property in connection with the ongoing sale Process.  To the
extent an unexpired lease is not assumed and assigned to the
eventual purchaser of the assets, the Debtors' estates must
determine whether to reject the unexpired leases or assume and
assign such leases to another party.

                   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.


UPH HOLDINGS: Court Won't Nix Suit v. Leap, T-Mobile & Sprint
-------------------------------------------------------------
Bankruptcy Judge Tony M. Davis in Austin, Texas, declined the
requests of Leap Wireless International, Inc., Cricket
Communications, Inc., Sprint Nextel Corp., Sprint Communications
Company L.P. and T-Mobile USA, Inc., for the dismissal of the
adversary proceedings filed against them by Lowell Feldman,
Liquidating Trustee of the UPH Liquidating Trust.  The defendants
argue that the complaints failed to state a claim under Rule
12(b)(6) of the Federal Rules of Civil Procedure.  The case is,
LOWELL FELDMAN LIQUIDATING TRUSTEE OF UPH LIQUIDATING TRUST,
Plaintiff, v. LEAP WIRELESS INTERNATIONAL, INC. et al.,
Defendants, Adv. Proc. No. 13-01102-TMD (Bankr. W.D. Tex.).  A
copy of the Court's Aug. 28, 2014 Memorandum Opinion is available
at http://tinyurl.com/lv2zocufrom Leagle.com.

The adversary proceedings were initially filed by Pac-West
Telcomm, Inc., Tex-Link Communications, Inc., UniPoint Holdings,
Inc., UniPoint Enhanced Services, Inc., UniPoint Services, Inc.,
nWire, LLC, and Peering Partners Communications, LLC.  On Aug. 6,
2014, the Court entered an order substituting Lowell Feldman,
Liquidating Trustee of the UPH Liquidating Trust as Plaintiff in
adversary proceeding numbers 13-1102 and 13-1094.  Presumably, a
Motion to Substitute Mr. Feldman will be filed in adversary
proceeding number 13-1096 as well.

The Plaintiff seeks almost $19 million from Leap, $19 million from
T-Mobile, and $5.4 million from Sprint.

The Defendants are commercial mobile radio service ("CMRS")
providers.  Pac-West Telecomm, Inc. ("Pac-West") is a CLEC, or
competitive local exchange carrier.

When a cell phone customer places a call to someone served by Pac-
West's network, Pac-West has no choice but to complete (terminate)
the call by connecting it to the called party.  When that call is
placed within a defined geographic area called a "major trading
area" or MTA, it is called an intraMTA call, and Plaintiff
believes Pac-West is entitled to "reasonable compensation" for
terminating that call under 47 C.F.R. Sec. 20.11(b) ("Rule
20.11").  When that call is made from one MTA to another MTA, it
is called an interMTA call, and in that situation, the Plaintiff
believes Pac-West is entitled to collect a tariffed charge for
terminating the call.  In the alternative, contends the Plaintiff,
if the tariff that would otherwise apply to the interMTA call is
invalid, as the Defendants have alleged, Pac-West can recover
under quasi-contract or under state law equitable remedies such as
quantum meruit or unjust enrichment.

The Defendants argue that Pac-West is not entitled to any payment
because "reasonable compensation" should be construed as,
literally, nothing, and also say that this court should defer to
the Federal Communications Commission ("FCC") or state regulators
through a primary jurisdiction referral.  Further, the Defendants
contend that the state law theories under which the Plaintiff
seeks to recover are preempted by federal telecommunication laws
and regulations.

The Court noted that should the Defendants succeed in terminating
these suits, the Plaintiff's prospects for a material distribution
to creditors in this bankruptcy case may be terminated, as these
are the largest suits the Plaintiff has on file to recover money
for creditors of UPH.

                        About UPH Holdings

UPH Holdings Inc. and several affiliates filed Chapter 11
petitions (Bankr. W.D. Tex. Lead Case No. 13-10570) on March 28,
2013.  Judge Tony M. Davis oversees the case.  Jennifer Francine
Wertz, Esq., and Patricia Baron Tomasco, Esq., at Jackson Walker,
L.L.P., serve as the Debtors' counsel.  Q Advisors, LLC serves as
financial advisors.  UPH Holdings disclosed $26,917,341 in assets
and $19,705,805 in liabilities as of the Chapter 11 filing.

Other affiliates that sought Chapter 11 protection are: Pac-West
Telecomm, Inc.; Tex-Link Communications, Inc.; Unipoint Holdings,
Inc.; Unipoint Enhanced Services, Inc.; Unipoint Services, Inc.;
Nwire LLC; and Peering Partners Communications LLC (Case Nos.
13-10571 to 13-10577).

The  five-member Official Committee of Unsecured Creditors in the
Chapter 11 cases of UPH Holdings, Inc., Pac-West Telecomm Inc.,
and their affiliated debtors tapped Kelley Drye & Warren LLP as
its counsel, and QSI Consulting, Inc. as its financial advisor.

                           *     *     *

UPH Holdings Inc. and its affiliated debtors said in a court
filing that their Chapter 11 plan of reorganization officially
took effect on July 1, 2014, three months after the U.S.
Bankruptcy Court for the Western District of Texas confirmed the
plan.  The plan, which was confirmed on March 27, implements a
settlement between UPH's official committee of unsecured creditors
and its secured lender, Hercules Technology II, L.P. by
establishing a liquidating trust to be funded or vested with all
of UPH's assets.


US RENAL CARE: S&P Keeps 'B' CCR Over Proposed $75MM Loan Add-On
----------------------------------------------------------------
Standard & Poor's Ratings Services said its 'B' corporate credit
rating on Plano-based U.S. Renal Care Inc. is unchanged by the
proposed $75 million add-on to its first-lien term loan.  The
company will use proceeds of the add-on coupled with some balance
sheet cash to fund two acquisitions.

The 'B' rating on the first-lien senior debt and 'CCC+' rating on
the second-lien secured debt are unchanged.  The recovery rating
on the first-lien debt remains '3', reflecting S&P's expectation
for meaningful (50%-70%) recovery in the event of a default, and
the recovery rating on the second-lien debt remains '6',
reflecting S&P's expectation for negligible (0%-10%) recovery in
the event of a default.

The ratings on U.S. Renal Care reflect S&P's view of the company's
narrow business focus and reimbursement risk.  The ratings also
reflect the company's financial risk profile with leverage
(adjusted debt to EBITDAR less net income attributable to non-
controlling interests) expected to remain above 6x over the next
year.

RATINGS LIST
U.S. Renal Care Inc.
Corporate Credit Rating         B/Stable/--
  First-lien term loan           B
   Recovery rating               3
  Second-lien                    CCC+
   Recovery rating               6


VESTCOM INT'L: S&P Assigns 'B' Credit Rating; Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Little Rock, Ark.-based Vestcom International
Inc.  The outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to the
company's proposed $240 million senior secured credit facilities
consisting of a $25 million revolver due 2019 and a $215 million
first-lien term loan due 2021.  The recovery rating is '3'
indicating that lenders could expect meaningful (50% to 70%)
recovery in the event of payment default.  S&P assigned a 'CCC+'
issue-level rating to the company's proposed $95 million second-
lien term loan due 2022.  The recovery rating is '6' indicating
that second-lien lenders could expect negligible (0% to 10%)
recovery in the event of a payment default.  All ratings are
subject to review upon receipt of final documentation.

"The ratings reflect our view of Vestcom's significant debt
burden, aggressive financial policy, and narrow business and
channel focus," said Standard & Poor's credit analyst Bea Chiem.

Proceeds from the issuance will refinance approximately $217
million of existing debt, pay an estimated $95 million dividend to
existing shareholders, and cover other fees and expenses.  Pro
forma for the transaction, S&P estimates Vestcom will have about
$320 million of lease-adjusted total debt outstanding.


VIGGLE INC: Launches New Fantasy Football Game
----------------------------------------------
Viggle Inc. has partnered with STATS LLC, the world's leading
sports technology, information and content provider, for the
company's latest fantasy sports game.  STATS recently built
Vigoooal, Viggle's real-time game that allowed users to predict
winners and answer trivia questions during the World Cup, and will
manage development, web hosting and technical operations for
Viggle's fantasy football offering.

Viggle's decision to extend their relationship with STATS comes on
the heels of a very successful World Cup collaboration.  Forty-two
percent of all Viggle users who watched and checked into World Cup
matches played along with Viggle's companion games, which included
Vigoooal and Viggle LIVE.  Throughout the tournament, Vigoooal
participants played 6.5 games on average, exemplifying the high
level of active consumer engagement Viggle's companion games can
drive.

Prior to Vigoooal, STATS provided the data feed for Viggle's MYGUY
NBA game.  Now for the 2014 football season, Viggle is excited to
announce the launch of Viggle Football. Starting 9/7, the new
games for the upcoming NFL and college football seasons will allow
users to score Viggle Points by:

   * Correctly predicting the final score, winning team and point
     difference

   * correctly predicting player and team performance stats during
     the game while watching.

   * Engaging with sponsored ads throughout the game

"We are really excited to be expanding our relationship with an
innovative company like STATS to provide our users an exciting
game experience around both pro and college football," said Greg
Consiglio, president and chief operating officer of Viggle.
"Their unique gaming capabilities will enable significant reach
and engagement among our users and help us deliver results for our
advertising partners."

"Viggle continues to pioneer innovation in real-time, second
screen engagement while building the leading entertainment rewards
and marketing platform, and STATS is proud to be their partner for
sports content and gaming," said Eric Kutzin, associate vice
president, Sales at STATS.  "After the success of the Vigoooal
World Cup game, our team is looking forward to a successful launch
of the new and innovative games."

The introduction of Viggle Football this September follows another
record setting month in terms of Monthly Active Users (MAUs) and
New Registered Users (NRUs) to the Viggle Platform.  August marked
the second consecutive month wherein Viggle established record
highs for both these key metrics.  For the month ending Aug. 31,
2014, Viggle had 1,027,690 monthly active users the first time the
Viggle Platform broke 1 million active users in a given month --
and obtained more than 653,000 new registered users.

                            About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle incurred a net loss of $91.40 million on $13.90 million of
revenues for the year ended June 30, 2013, as compared with a net
loss of $96.51 million on $1.73 million of revenues during the
prior year.  The Company's balance sheet at March 31, 2014, showed
$68.09 million in total assets, $62.79 million in total
liabilities, $37.54 million in series A convertible redeemable
preferred stock, and a $32.23 million total stockholders' deficit.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2013.  The independent auditors noted that the Company
has suffered recurring losses from operations and at June 30,
2013, has deficiencies in working capital and equity that raise
substantial doubt about its ability to continue as a going
concern.


WESTMORELAND COAL: Amends 700,000 Shares Resale Prospectus
----------------------------------------------------------
Westmoreland Coal Company amended its registration statement with
the U.S. Securities and Exchange Commission relating to the
resale by the Westmoreland Retirement Plan Trust, The Kemmerer
Coal Company Elkol-Sorensen Mine Pension Plan Trust and the Beulah
& Savage Mines Hourly EES Pension Plan Trust of up to 700,000
shares of Westmoreland Coal Company common stock.  The Company
amended the Registration Statement to delay its effective date.

The shares are being contributed and issued by the Company to the
Trusts to fund certain obligations to the Company's pension plans.
The shares of common stock will be sold by the trustees for the
accounts of each of the Trusts.

The Company will not receive proceeds from the sale of the
securities.  The Company has agreed to bear the expenses of
registering the securities covered by this prospectus and any
prospectus supplements.

The Company's common stock is listed on NASDAQ Global Market under
the symbol "WLB."  On Sept. 3, 2014, the last reported sale price
of the Company's common stock on the NASDAQ Global Market was
$42.64 per share.

A copy of the amended Form S-3 is available for free at:

                        http://is.gd/tVaFoz

                      About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal incurred a net loss applicable to common
shareholders of $6.05 million in 2013, a net loss
applicable to common shareholders of $8.58 million in 2012 and a
net loss applicable to common shareholders of $34.46 million in
2011.

As of June 30, 2014, the Company had $1.58 billion in total
assets, $1.84 billion in total liabilities and a $260.64 million
total shareholders' deficit.

                           *     *     *

As reported by the TCR on Nov. 6, 2012, Standard & Poor's
Ratings Services raised its corporate credit rating on Englewood,
Co.-based Westmoreland Coal Co. (WLB). to 'B-' from 'CCC+'.

"The upgrade reflects our view that WLB is less vulnerable to
default after successfully negotiating less restrictive covenant
requirements for an unrated $110 million term loan due 2018," said
credit analyst Gayle Bowerman.  "Our assessment of WLB's business
risk profile as 'vulnerable' and financial risk profile as 'highly
leveraged' are unchanged.  We also revised our liquidity score to
'adequate' based on the covenant relief and additional liquidity
provided under the company's new $20 million asset-based loan
(ABL) facility from 'less than adequate'."

Westmoreland Coal carries a Caa1 corporate family rating from
Moody's Investors Service.

and postpetition financing up to $2.5 million.  At an auction, the
Debtors declared Shared Investments VI Inc. as the successful
bidder with a $12 million bid but the Court reopened the auction
and allowed Younicos to bid, with Younicos emerging as the highest
bidder at an auction, besting Shared Investments.  Shared
Investments filed a motion for reconsideration, which was objected
to by the Official Committee of Unsecured Creditors.  The motion
for reconsideration was denied by the Court.

Younicos is represented by John Simon, Esq., and Omar Lucia, Esq.,
at Foley & Lardner LLP, in Detroit, Michigan.

Shared Investments is represented by Sabrina L. Streusand, Esq.,
and Richard D. Villa, Esq., at Streusand, Landon & Ozburn, LLP, in
Austin, Texas.

Horizon Technology is represented by A. Lee Hogewood, III, Esq.,
at K&L Gates LLP, in Raleigh, North Carolina.


XTREME POWER: Can Hire Spivey & Grigg as Litigation Counsel
-----------------------------------------------------------
The Hon. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas authorized Xtreme Power Systems LLC fka
Xtreme Power Solutions LLC and its debtor-affiliates to employ
Spivey & Grigg LLP as their special litigation counsel.

Xtreme Power seeks to employ the law firm of Sprivey & Grigg as
its special litigation counsel to represent them on a contingent
fee basis in connection with a pending litigation against
Electronic Concepts.

Spivey & Grigg is an experienced civil-litigation firm and
specializes in the preparation and the trial of civil disputes.
Spivey does not represent any creditor or party in interest on
matters for which they are to be retained. Further, Spivey and its
attorneys have no material connections with the debtors, their
creditors or any other party in interest or their respective
attorneys.

Xtreme Power is represented by:

     Shelby A. Jordan, Esq.
     Nathaniel Peter Holzer, Esq.
     Antonio Ortiz, Esq.
     JORDAN, HYDEN, WOMBLE, CULBERTH & HOLZER, P.C.
     500 North Shoreline Blvd., Suite 900
     Corpus Christi, TX 78401-0341
     Telephone: (361) 884-5678
     Facsimile: (361) 888-5555
     E-mail: sjordan@jhwclaw.com
             pholzer@jhwclaw.com
             aortiz@jhwclaw.com

                       About Xtreme Power

Xtreme Power focuses on the design, engineering, installation, and
monitoring of integrated energy storage systems for power
generators, grid operators and commercial and industrial end
users, among others.  Xtreme Power to be one of the world's
leading grid-scale power control technology provider capable of
integrating the full spectrum of energy generation sources and
battery technologies.

Xtreme Power Inc. and two affiliates filed Chapter 11 bankruptcy
petitions (Bankr. W.D. Tex. Lead Case No. 14-10096) in Austin,
Texas, on Jan. 22, 2014.  Judge Christopher H. Mott presides over
the case.  The Debtor is represented by Shelby A. Jordan, Esq., at
Jordan, Hyden, Womble, Culbreth & Holzer, P.C.  The Debtors tapped
Baker Botts L.L.P. as special counsel, and Gordian Group, LLC, as
investment banker and financial advisor.

Debtor Power Inc. scheduled $7,004,915 in total assets and
$65,743,283 in total liabilities.  Debtor Power Grove scheduled
$5,179,692 in total assets and $31,882,277 in total liabilities.
Power Systems scheduled $4,303,921 in total assets and $87,666,873
in total liabilities.

The Creditors' Committee is represented by Eric J. Taube, Esq.,
Mark C. Taylor, Esq., and Morris D. Weiss, Esq., at Hohmann, Taube
& Summers, LLP, in Austin, Texas.

                           *     *     *

Judge H. Christopher Mott on April 11, 2014, authorized Xtreme
Power, Inc., et al., to sell substantially all of their assets to
Younicos, Inc., for $14 million.  The Court also authorized the
sale of certain assets free and clear of encumbrances to First
Wind Holdings, LLC, for approximately $110,400.

The Debtors initially intended to sell their assets to Horizon
Technology Finance Corporation under a credit of the Debtors' pre-


YOUNG INVESTMENTS: Case Summary & 4 Unsecured Creditors
-------------------------------------------------------
Debtor: Young Investments Company
        c/o Robert C. Sorgini
        300 North Federal Highway
        Lake Worth, FL 33460

Case No.: 14-30023

Chapter 11 Petition Date: September 5, 2014

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Alan R Crane, Esq.
                  FURR & COHEN
                  2255 Glades Rd #337W
                  Boca Raton, FL 33431
                  Tel: (561) 395-0500
                  Fax: (561) 338-7532
                  Email: acrane@furrcohen.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Robert C. Sorgini, president of Young
Investments, Inc., general partner.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb14-30023.pdf


ZAZA ENERGY: Regains Compliance with NASDAQ Listing Standards
-------------------------------------------------------------
ZaZa Energy Corporation on Sept. 8 disclosed that it received a
letter from the NASDAQ Stock Market on September 5, 2014 advising
that the Company has regained compliance with Listing Rule
5550(a)(2), which requires the Company to maintain a minimum
closing bid price of $1.00 per share.  NASDAQ made this
determination of compliance after the Company's bid price closed
above $1.00 per share for 10 consecutive business days following
the Company?s reverse stock split.

"This is another positive step for the Company that eliminates
uncertainty and distractions as ZaZa moves forward with its
development program in East Texas."

CFO Paul F. Jansen commented "This is another positive step for
the Company that eliminates uncertainty and distractions as ZaZa
moves forward with its development program in East Texas."

                   About ZaZa Energy Corporation

Headquartered in Houston, Texas, ZaZa Energy Corporation --
http://www.ZaZaEnergy.com-- is a publicly traded exploration and
production company with primary assets in the Eagle Ford and Eagle
Ford East resource plays in Texas.


* Adrian to Head KCC's Strategic Communications Services Business
-----------------------------------------------------------------
KCC, a Computershare company and premier provider of
administrative-support services for the legal and financial
industries, announced the launch of KCC's Strategic Communications
Services, a new business offering that will provide communications
guidance to companies during critical stages of transactional and
sensitive situations.  KCC has extensive experience with
bankruptcy and class action matters and has seen the communication
issues that companies face while undergoing these complex
situations.  The firm will now provide its clients communications
support to ensure successful outcomes for a myriad of
communication challenges that can arise as part of a
restructuring, crisis or reputation management concern.

"We've established a specialized solution that offers a new
approach to communications for corporate situations such as
bankruptcy, class action and litigation matters," said
Bryan Butvick, KCC's President.  "The new Strategic Communications
Services team will complement the existing services in addition to
bringing an entirely new option to clients."

KCC's Strategic Communications Services will offer clients the
opportunity to address communication issues as they arise and will
feature scalable solutions to fit the needs of any size of
restructuring, class action or corporate communication challenge.
The new service offering, led by industry expert, Brenda Adrian,
will assist clients in the development and implementation of
communication plans and media strategies to ensure intended
outcomes in restructurings, mergers, class action, litigation,
management changes and time-sensitive transactions. The team
specializes in creative strategies and execution to achieve
intended results.

Ms. Adrian joins KCC as a Managing Director and leads a dedicated
team of consultants, with more than 35 years of combined
experience.  Previously, she served as the head of Sitrick and
Company's East Coast Restructuring Practice where she led crisis
planning, reputation management and litigation cases.

                             About KCC

KCC -- http://www.kccllc.com-- a Computershare company, provides
administrative-support services that help legal professionals
realize time and cost efficiencies.  With an integrated suite of
corporate restructuring, class action, legal document management
and strategic communications solutions, KCC alleviates the
administrative challenges of today's legal processes and
procedures.  KCC has gained client and industry recognition for
its industry expertise, professional-level client service and
proprietary technologies.

                 About Computershare Limited (CPU)

Computershare (ASX:CPU) -- http://www.computershare.com--
is a global market leader in transfer agency and share
registration, employee equity plans, proxy solicitation and
stakeholder communications.  It also specializes in corporate
trust, mortgage, bankruptcy, class action, utility and tax voucher
administration, and a range of other diversified financial and
governance services.

Founded in 1978, Computershare is renowned for its expertise in
high integrity data management, high volume transaction processing
and reconciliations, payments and stakeholder engagement. Many of
the world's leading organizations use us to streamline and
maximize the value of relationships with their investors,
employees, creditors and customers.

Computershare is represented in all major financial markets and
has over 14,000 employees worldwide.


* Large Companies With Insolvent Balance Sheet
----------------------------------------------

                                                Total
                                               Share-      Total
                                     Total   Holders'    Working
                                    Assets     Equity    Capital
  Company          Ticker             ($MM)      ($MM)      ($MM)
  -------          ------           ------   --------    -------
ABSOLUTE SOFTWRE   ABT CN            129.2       (9.4)       0.4
ABSOLUTE SOFTWRE   ALSWF US          129.2       (9.4)       0.4
ABSOLUTE SOFTWRE   OU1 GR            129.2       (9.4)       0.4
ADVANCED CELL TE   T2N1 GR             5.6      (20.7)     (19.6)
ADVANCED CELL TE   ACTCD US            5.6      (20.7)     (19.6)
ADVANCED EMISSIO   ADES US           106.4      (46.1)     (15.3)
ADVANCED EMISSIO   OXQ1 GR           106.4      (46.1)     (15.3)
ADVENT SOFTWARE    ADVS US           452.2      (86.0)     (99.3)
ADVENT SOFTWARE    AXQ GR            452.2      (86.0)     (99.3)
AEMETIS INC        AMTX US            95.4       (1.1)     (18.1)
AGILE THERAPEUTI   AGRX US            66.3       48.3       48.9
AIR CANADA-CL A    AIDIF US       10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A    ADH TH         10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A    ADH GR         10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL A    AC/A CN        10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL B    AC/B CN        10,522.0   (1,822.0)    (226.0)
AIR CANADA-CL B    AIDEF US       10,522.0   (1,822.0)    (226.0)
ALLIANCE HEALTHC   AIQ US            468.1     (131.0)      59.7
AMC NETWORKS-A     AMCX US         3,685.9     (396.1)     689.3
AMC NETWORKS-A     9AC GR          3,685.9     (396.1)     689.3
AMER RESTAUR-LP    ICTPU US           33.5       (4.0)      (6.2)
AMYLIN PHARMACEU   AMLN US         1,998.7      (42.4)     263.0
AMYRIS INC         AMRS US           236.8     (112.5)      33.5
AMYRIS INC         3A0 GR            236.8     (112.5)      33.5
AMYRIS INC         3A0 TH            236.8     (112.5)      33.5
ANGIE'S LIST INC   ANGI US           128.4      (36.6)     (54.9)
ANGIE'S LIST INC   8AL TH            128.4      (36.6)     (54.9)
ANGIE'S LIST INC   8AL GR            128.4      (36.6)     (54.9)
ARRAY BIOPHARMA    ARRY US           139.1      (25.7)      68.9
ASPEN AEROGELS I   AP1 GR             88.2      (80.7)      (5.2)
ASPEN AEROGELS I   ASPN US            88.2      (80.7)      (5.2)
ASTERIAS BIO       ASTY US             1.9       (5.1)      (6.7)
AUTOZONE INC       AZ5 TH          7,371.8   (1,808.2)  (1,016.1)
AUTOZONE INC       AZOEUR EU       7,371.8   (1,808.2)  (1,016.1)
AUTOZONE INC       AZO US          7,371.8   (1,808.2)  (1,016.1)
AUTOZONE INC       AZ5 GR          7,371.8   (1,808.2)  (1,016.1)
AVALANCHE BIOTEC   AAVL US             1.1       (0.7)      (0.9)
AVALANCHE BIOTEC   AVU GR              1.1       (0.7)      (0.9)
AXIM BIOTECHNOLO   AXIM US             0.1       (0.1)      (0.1)
BENEFITFOCUS INC   BNFT US           141.0      (14.6)      52.3
BENEFITFOCUS INC   BTF GR            141.0      (14.6)      52.3
BERRY PLASTICS G   BERY US         5,419.0     (118.0)     654.0
BERRY PLASTICS G   BP0 GR          5,419.0     (118.0)     654.0
BRP INC/CA-SUB V   BRPIF US        2,019.7      (17.0)     172.7
BRP INC/CA-SUB V   DOO CN          2,019.7      (17.0)     172.7
BRP INC/CA-SUB V   B15A GR         2,019.7      (17.0)     172.7
BURLINGTON STORE   BURL US         2,547.8     (136.3)     124.8
BURLINGTON STORE   BUI GR          2,547.8     (136.3)     124.8
CABLEVISION SY-A   CVC US          6,701.1   (5,133.2)     338.4
CABLEVISION SY-A   CVY GR          6,701.1   (5,133.2)     338.4
CABLEVISION-W/I    8441293Q US     6,701.1   (5,133.2)     338.4
CABLEVISION-W/I    CVC-W US        6,701.1   (5,133.2)     338.4
CADIZ INC          CDZI US            57.9      (45.6)       4.7
CADIZ INC          2ZC GR             57.9      (45.6)       4.7
CAESARS ENTERTAI   CZR US         27,069.4   (2,578.4)   1,716.6
CAESARS ENTERTAI   C08 GR         27,069.4   (2,578.4)   1,716.6
CALLIDUS CAPITAL   CBL CN            444.5       (4.3)       -
CALLIDUS CAPITAL   28K GR            444.5       (4.3)       -
CAPMARK FINANCIA   CPMK US        20,085.1     (933.1)       -
CASELLA WASTE      CWST US           656.6       (7.6)     (11.6)
CATALENT INC       CTLT US         3,041.6     (387.0)     268.2
CATALENT INC       0C8 GR          3,041.6     (387.0)     268.2
CATALENT INC       0C8 TH          3,041.6     (387.0)     268.2
CC MEDIA-A         CCMO US        14,752.2   (9,315.2)   1,225.6
CENTENNIAL COMM    CYCL US         1,480.9     (925.9)     (52.1)
CENVEO INC         CVO US          1,202.6     (548.6)     162.3
CHOICE HOTELS      CHH US            628.4     (412.5)     184.3
CHOICE HOTELS      CZH GR            628.4     (412.5)     184.3
CIENA CORP         CIEN US         2,100.4      (45.2)     889.3
CIENA CORP         CIE1 GR         2,100.4      (45.2)     889.3
CIENA CORP         CIE1 TH         2,100.4      (45.2)     889.3
CIENA CORP         CIEN TE         2,100.4      (45.2)     889.3
CINCINNATI BELL    CBB US          2,176.9     (556.0)     337.7
CORINDUS VASCULA   CVRS US             0.0       (0.0)      (0.0)
CROWN BAUS CAPIT   CBCAE US            0.0       (0.0)      (0.0)
DENNY'S CORP       DE8 GR            284.2       (0.0)     (21.5)
DENNY'S CORP       DENN US           284.2       (0.0)     (21.5)
DEX MEDIA INC      9DX GR          2,084.0     (864.0)     139.0
DEX MEDIA INC      DXM US          2,084.0     (864.0)     139.0
DIRECTV            DTV CI         22,126.0   (6,127.0)    (624.0)
DIRECTV            DTV US         22,126.0   (6,127.0)    (624.0)
DIRECTV            DTVEUR EU      22,126.0   (6,127.0)    (624.0)
DIRECTV            DIG1 GR        22,126.0   (6,127.0)    (624.0)
DOMINO'S PIZZA     EZV TH            495.7   (1,289.7)     105.0
DOMINO'S PIZZA     EZV GR            495.7   (1,289.7)     105.0
DOMINO'S PIZZA     DPZ US            495.7   (1,289.7)     105.0
DUN & BRADSTREET   DNB US          1,773.4   (1,077.1)     (60.3)
DUN & BRADSTREET   DB5 GR          1,773.4   (1,077.1)     (60.3)
EDGEN GROUP INC    EDG US            883.8       (0.8)     409.2
EMPIRE RESORTS I   NYNY US            46.1       (9.5)      (7.2)
EMPIRE STATE -ES   ESBA US         1,122.2      (31.6)    (925.9)
EMPIRE STATE-S60   OGCP US         1,122.2      (31.6)    (925.9)
FAIRPOINT COMMUN   FONN GR         1,524.8     (360.6)      20.9
FAIRPOINT COMMUN   FRP US          1,524.8     (360.6)      20.9
FERRELLGAS-LP      FEG GR          1,589.9      (88.9)      89.0
FERRELLGAS-LP      FGP US          1,589.9      (88.9)      89.0
FREESCALE SEMICO   1FS GR          3,265.0   (3,728.0)   1,334.0
FREESCALE SEMICO   FSL US          3,265.0   (3,728.0)   1,334.0
FREESCALE SEMICO   1FS TH          3,265.0   (3,728.0)   1,334.0
GAMING AND LEISU   2GL GR          2,581.7      (72.9)     (41.1)
GAMING AND LEISU   GLPI US         2,581.7      (72.9)     (41.1)
GENCORP INC        GCY GR          1,675.6      (49.0)      86.7
GENCORP INC        GY US           1,675.6      (49.0)      86.7
GENTIVA HEALTH     GHT GR          1,250.6     (285.7)     112.2
GENTIVA HEALTH     GTIV US         1,250.6     (285.7)     112.2
GLG PARTNERS INC   GLG US            400.0     (285.6)     156.9
GLG PARTNERS-UTS   GLG/U US          400.0     (285.6)     156.9
GLOBALSTAR INC     GSAT US         1,327.4     (204.5)      (8.9)
GLORI ENERGY INC   GLRI US             0.1       (0.0)      (0.1)
GOLD RESERVE INC   GRZ CN             29.9       (4.2)       9.9
GOLD RESERVE INC   GOD GR             29.9       (4.2)       9.9
GOLD RESERVE INC   GDRZF US           29.9       (4.2)       9.9
GRAHAM PACKAGING   GRM US          2,947.5     (520.8)     298.5
HCA HOLDINGS INC   HCA US         29,822.0   (6,588.0)   2,877.0
HCA HOLDINGS INC   2BH GR         29,822.0   (6,588.0)   2,877.0
HCA HOLDINGS INC   2BH TH         29,822.0   (6,588.0)   2,877.0
HD SUPPLY HOLDIN   5HD GR          6,552.0     (750.0)   1,446.0
HD SUPPLY HOLDIN   HDS US          6,552.0     (750.0)   1,446.0
HERBALIFE LTD      HLF US          2,435.7     (404.1)     552.4
HERBALIFE LTD      HLFEUR EU       2,435.7     (404.1)     552.4
HERBALIFE LTD      HOO GR          2,435.7     (404.1)     552.4
HOVNANIAN ENT-A    HO3 GR          1,838.8     (462.5)   1,122.1
HOVNANIAN ENT-A    HOV US          1,838.8     (462.5)   1,122.1
HOVNANIAN ENT-B    HOVVB US        1,838.8     (462.5)   1,122.1
HOVNANIAN-A-WI     HOV-W US        1,838.8     (462.5)   1,122.1
HUGHES TELEMATIC   HUTCU US          110.2     (101.6)    (113.8)
HUGHES TELEMATIC   HUTC US           110.2     (101.6)    (113.8)
IMPRIVATA INC      I62 GR             35.6       (4.3)     (10.8)
IMPRIVATA INC      IMPR US            35.6       (4.3)     (10.8)
INCYTE CORP        INCY US           679.1     (171.0)     464.6
INCYTE CORP        ICY GR            679.1     (171.0)     464.6
INCYTE CORP        ICY TH            679.1     (171.0)     464.6
INFOR US INC       LWSN US         6,688.8     (492.2)    (346.7)
INTERTAIN GROUP    IT CN               0.0       (0.3)      (0.3)
IPCS INC           IPCS US           559.2      (33.0)      72.1
ISTA PHARMACEUTI   ISTA US           124.7      (64.8)       2.2
JUST ENERGY GROU   1JE GR          1,511.6     (169.0)     230.1
JUST ENERGY GROU   JE CN           1,511.6     (169.0)     230.1
JUST ENERGY GROU   JE US           1,511.6     (169.0)     230.1
KINAXIS INC        KXS CN             44.6      (70.4)      (6.4)
KINAXIS INC        9KX GR             44.6      (70.4)      (6.4)
KINAXIS INC        KXSCF US           44.6      (70.4)      (6.4)
L BRANDS INC       LTD TH          6,663.0     (609.0)   1,070.0
L BRANDS INC       LB US           6,663.0     (609.0)   1,070.0
L BRANDS INC       LTD GR          6,663.0     (609.0)   1,070.0
LEAP WIRELESS      LWI GR          4,662.9     (125.1)     346.9
LEAP WIRELESS      LWI TH          4,662.9     (125.1)     346.9
LEAP WIRELESS      LEAP US         4,662.9     (125.1)     346.9
LEE ENTERPRISES    LEE US            828.2     (165.0)     (26.0)
LORILLARD INC      LO US           2,893.0   (2,228.0)     900.0
LORILLARD INC      LLV GR          2,893.0   (2,228.0)     900.0
LORILLARD INC      LLV TH          2,893.0   (2,228.0)     900.0
LUMENPULSE INC     LMP CN             29.4      (38.4)       3.5
LUMENPULSE INC     0L6 GR             29.4      (38.4)       3.5
LUMENPULSE INC     LMPLF US           29.4      (38.4)       3.5
MANNKIND CORP      MNKD US           236.3      (46.4)     (74.3)
MANNKIND CORP      NNF1 TH           236.3      (46.4)     (74.3)
MANNKIND CORP      NNF1 GR           236.3      (46.4)     (74.3)
MARRIOTT INTL-A    MAR US          6,830.0   (1,720.0)  (1,153.0)
MARRIOTT INTL-A    MAQ GR          6,830.0   (1,720.0)  (1,153.0)
MARRIOTT INTL-A    MAQ TH          6,830.0   (1,720.0)  (1,153.0)
MDC PARTNERS-A     MDZ/A CN        1,685.0      (87.5)    (228.9)
MDC PARTNERS-A     MDCA US         1,685.0      (87.5)    (228.9)
MDC PARTNERS-A     MD7A GR         1,685.0      (87.5)    (228.9)
MERITOR INC        MTOR US         2,810.0     (527.0)     373.0
MERITOR INC        AID1 GR         2,810.0     (527.0)     373.0
MERRIMACK PHARMA   MP6 GR            129.8      (77.1)      13.0
MERRIMACK PHARMA   MACK US           129.8      (77.1)      13.0
MICHAELS COS INC   MIK US          1,716.0   (2,734.0)     493.0
MICHAELS COS INC   MIM GR          1,716.0   (2,734.0)     493.0
MONEYGRAM INTERN   MGI US          4,784.5     (142.0)     119.2
MORGANS HOTEL GR   M1U GR            684.8     (211.2)     124.9
MORGANS HOTEL GR   MHGC US           684.8     (211.2)     124.9
MOXIAN CHINA INC   MOXC US             4.1       (0.4)      (3.2)
MPG OFFICE TRUST   1052394D US     1,280.0     (437.3)       -
NATIONAL CINEMED   XWM GR          1,005.2     (188.3)      79.1
NATIONAL CINEMED   NCMI US         1,005.2     (188.3)      79.1
NAVISTAR INTL      IHR TH          7,702.0   (4,046.0)   1,126.0
NAVISTAR INTL      IHR GR          7,702.0   (4,046.0)   1,126.0
NAVISTAR INTL      NAV US          7,702.0   (4,046.0)   1,126.0
NEKTAR THERAPEUT   ITH GR            478.1      (35.4)     213.9
NEKTAR THERAPEUT   NKTR US           478.1      (35.4)     213.9
NEW ENG RLTY-LP    NEN US            179.7      (24.5)       -
NORTHWEST BIO      NBYA GR            12.6      (29.9)     (30.0)
NORTHWEST BIO      NWBO US            12.6      (29.9)     (30.0)
NYMOX PHARMACEUT   NYMX US             0.8       (5.8)      (4.0)
OMEGA COMMERCIAL   OCFN US             0.3       (2.7)      (3.0)
OMEROS CORP        OMER US            41.0      (10.6)      26.8
OMEROS CORP        3O8 GR             41.0      (10.6)      26.8
OMTHERA PHARMACE   OMTH US            18.3       (8.5)     (12.0)
PALM INC           PALM US         1,007.2       (6.2)     141.7
PHIBRO ANIMAL HE   PAHC LN           473.3      (78.7)     177.3
PHIBRO ANIMAL HE   PAO EU            473.3      (78.7)     177.3
PHIBRO ANIMAL HE   PAO GR            473.3      (78.7)     177.3
PHIBRO ANIMAL-A    PB8 GR            473.3      (78.7)     177.3
PHIBRO ANIMAL-A    PAHC US           473.3      (78.7)     177.3
PHILIP MORRIS IN   PM FP          36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   PM1 TE         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   4I1 GR         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   PM1EUR EU      36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   4I1 TH         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   PM US          36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   PMI SW         36,325.0   (7,847.0)   1,130.0
PHILIP MORRIS IN   PM1CHF EU      36,325.0   (7,847.0)   1,130.0
PLAYBOY ENTERP-A   PLA/A US          165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B   PLA US            165.8      (54.4)     (16.9)
PLY GEM HOLDINGS   PG6 GR          1,096.8      (91.4)     217.3
PLY GEM HOLDINGS   PGEM US         1,096.8      (91.4)     217.3
PROTALEX INC       PRTX US             1.7       (8.2)       1.2
PROTECTION ONE     PONE US           562.9      (61.8)      (7.6)
QUALITY DISTRIBU   QDZ GR            445.6      (35.6)     115.6
QUALITY DISTRIBU   QLTY US           445.6      (35.6)     115.6
QUINTILES TRANSN   QTS GR          2,978.6     (621.6)     511.6
QUINTILES TRANSN   Q US            2,978.6     (621.6)     511.6
RADNET INC         PQI GR            737.2       (9.3)      61.4
RADNET INC         RDNT US           737.2       (9.3)      61.4
RAYONIER ADV       RYAM US         1,225.0      (38.8)     136.3
RAYONIER ADV       RYQ GR          1,225.0      (38.8)     136.3
REGAL ENTERTAI-A   RETA GR         2,675.7     (750.5)      26.2
REGAL ENTERTAI-A   RGC US          2,675.7     (750.5)      26.2
RENAISSANCE LEA    RLRN US            57.0      (28.2)     (31.4)
RENTPATH INC       PRM US            208.0      (91.7)       3.6
REVLON INC-A       REV US          1,938.7     (571.8)     275.3
REVLON INC-A       RVL1 GR         1,938.7     (571.8)     275.3
RITE AID CORP      RTA TH          6,946.5   (2,046.4)   1,643.0
RITE AID CORP      RTA GR          6,946.5   (2,046.4)   1,643.0
RITE AID CORP      RAD US          6,946.5   (2,046.4)   1,643.0
ROCKWELL MEDICAL   RWM GR             25.9       (3.9)       6.4
ROCKWELL MEDICAL   RMTI US            25.9       (3.9)       6.4
RURAL/METRO CORP   RURL US           303.7      (92.1)      72.4
RYERSON HOLDING    RYI US          1,989.5     (114.5)     754.6
RYERSON HOLDING    7RY TH          1,989.5     (114.5)     754.6
RYERSON HOLDING    7RY GR          1,989.5     (114.5)     754.6
SALLY BEAUTY HOL   S7V GR          1,983.6     (362.8)     616.8
SALLY BEAUTY HOL   SBH US          1,983.6     (362.8)     616.8
SEQUENOM INC       SQNM US           131.6      (49.3)      51.4
SILVER SPRING NE   9SI TH            534.3     (111.7)      83.2
SILVER SPRING NE   9SI GR            534.3     (111.7)      83.2
SILVER SPRING NE   SSNI US           534.3     (111.7)      83.2
SIRIUS XM CANADA   SIICF US          409.2      (78.8)    (157.0)
SIRIUS XM CANADA   XSR CN            409.2      (78.8)    (157.0)
SPORTSMAN'S WARE   06S GR            272.7      (52.1)      75.1
SPORTSMAN'S WARE   SPWH US           272.7      (52.1)      75.1
SUNGAME CORP       SGMZE US            2.2       (3.6)      (3.9)
SUPERVALU INC      SVU* MM         4,354.0     (682.0)     106.0
SUPERVALU INC      SJ1 GR          4,354.0     (682.0)     106.0
SUPERVALU INC      SJ1 TH          4,354.0     (682.0)     106.0
SUPERVALU INC      SVU US          4,354.0     (682.0)     106.0
THERAVANCE         HVE GR            605.6     (187.5)     303.2
THERAVANCE         THRX US           605.6     (187.5)     303.2
THRESHOLD PHARMA   NZW1 GR            84.2      (28.3)      42.8
THRESHOLD PHARMA   THLD US            84.2      (28.3)      42.8
TRANSDIGM GROUP    TDG US          6,711.0   (1,591.5)   1,073.0
TRANSDIGM GROUP    T7D GR          6,711.0   (1,591.5)   1,073.0
TRINET GROUP INC   TN3 GR          1,333.0      (36.7)      70.3
TRINET GROUP INC   TNET US         1,333.0      (36.7)      70.3
TRINET GROUP INC   TNETEUR EU      1,333.0      (36.7)      70.3
TRUPANION INC      TPW GR             49.0       (5.5)       7.2
TRUPANION INC      TRUP US            49.0       (5.5)       7.2
ULTRA PETROLEUM    UPM GR          2,958.1     (123.5)    (352.9)
ULTRA PETROLEUM    UPL US          2,958.1     (123.5)    (352.9)
UNISYS CORP        USY1 GR         2,336.1     (628.5)     369.7
UNISYS CORP        UISEUR EU       2,336.1     (628.5)     369.7
UNISYS CORP        USY1 TH         2,336.1     (628.5)     369.7
UNISYS CORP        UIS US          2,336.1     (628.5)     369.7
UNISYS CORP        UISCHF EU       2,336.1     (628.5)     369.7
UNISYS CORP        UIS1 SW         2,336.1     (628.5)     369.7
VECTOR GROUP LTD   VGR GR          1,642.7      (31.1)     560.0
VECTOR GROUP LTD   VGR US          1,642.7      (31.1)     560.0
VENOCO INC         VQ US             736.8     (139.5)    (777.3)
VERISIGN INC       VRSN US         2,322.6     (632.9)    (246.0)
VERISIGN INC       VRS GR          2,322.6     (632.9)    (246.0)
VERISIGN INC       VRS TH          2,322.6     (632.9)    (246.0)
VERSO PAPER CORP   VRS US          1,037.1     (549.4)      28.0
VIRGIN MOBILE-A    VM US             307.4     (244.2)    (138.3)
WEIGHT WATCHERS    WTW US          1,526.4   (1,397.9)      13.8
WEIGHT WATCHERS    WW6 GR          1,526.4   (1,397.9)      13.8
WEIGHT WATCHERS    WTWEUR EU       1,526.4   (1,397.9)      13.8
WEIGHT WATCHERS    WW6 TH          1,526.4   (1,397.9)      13.8
WEST CORP          WSTC US         3,876.0     (672.7)     264.3
WEST CORP          WT2 GR          3,876.0     (672.7)     264.3
WESTMORELAND COA   WME GR          1,583.7     (260.6)      50.8
WESTMORELAND COA   WLB US          1,583.7     (260.6)      50.8
XERIUM TECHNOLOG   XRM US            633.4       (8.9)     104.5
XERIUM TECHNOLOG   TXRN GR           633.4       (8.9)     104.5
XOMA CORP          XOMA GR            89.9       (7.6)      45.9
XOMA CORP          XOMA US            89.9       (7.6)      45.9
XOMA CORP          XOMA TH            89.9       (7.6)      45.9
YRC WORLDWIDE IN   YEL1 TH         2,179.5     (362.4)     201.2
YRC WORLDWIDE IN   YEL1 GR         2,179.5     (362.4)     201.2
YRC WORLDWIDE IN   YRCW US         2,179.5     (362.4)     201.2


                             *********

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.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


                  *** End of Transmission ***