TCR_Public/140918.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

          Thursday, September 18, 2014, Vol. 18, No. 260

                            Headlines

357 WILSON AVENUE: Files for Chapter 11 in Newark
357 WILSON AVENUE: Proposes McDonnell Crowley as Counsel
357 WILSON AVENUE: Voluntary Chapter 11 Case Summary
A HUDSON PROPERTIES: Voluntary Chapter 11 Case Summary
ADVANCED MICRO DEVICES: Appoints Joseph Householder to Board

ALCOA INC: Fitch Rates $1.25BB Mandatory Preferred Stock 'B+'
ALCOA INC: S&P Rates $1.25BB Mandatory Preferred Stock 'BB'
ALPHA HOME: Has Until Sept. 25 to File Schedules and Statements
ALPHA HOME: Meeting of Creditors Scheduled for Oct. 1
ARAMID ENTERTAINMENT: Asks Court to Establish Claims Bar Dates

ASSOCIATED ASPHALT: S&P Lowers CCR to 'B' & Notes Rating to 'B-'
ASPEN GROUP: Incurs $864,000 Net Loss in July 31 Quarter
ASPEN GROUP: Leon Cooperman Holds 9.9% Equity Stake
AUTOSEIS INC: Wants Plan Exclusivity Extended to December 23
BROOKSTONE HOLDINGS: CEO Resigns After Bankruptcy Proceedings

CARRIZO OIL: S&P Raises CCR to B+ & Sr. Unsec. Debt Rating to B
CBS OUTDOOR: S&P Rates Proposed $450MM Unsecured Notes 'BB-'
CHAMPION INDUSTRIES: Incurs $587,000 Net Loss in July 31 Quarter
CIRCLE STAR: Incurs $291,000 Net Loss in July 31 Quarter
COLDWATER CREEK: Judge Signs Liquidation Plan Confirmation Order

CONQUEST PETROLEUM: SEC Cancels Registration of Securities
DBK INVESTMENTS: Court Authorizes Sale of Hotel for $1,285,000
ELBIT IMAGING: Chinese Group Invests $12.5MM in Insightec
ENERGY FUTURE: Still Talking to NextEra as Bidding War Rages
EXGEN TEXAS: S&P Rates $675MM Term Loan 'BB-', Outlook Stable

FIAT SPA: DBRS Lowers Long-Term Ratings to 'BB(low)'
GLIMCHER REALTY: S&P Puts 'BB' CCR on CreditWatch Positive
GUIDED THERAPEUTICS: Offering 45 Million Shares of Common Stock
HOUSTON REGIONAL: Exclusive Solicitation Period Extended Thru Oct
INVISTA BV: S&P Affirms 'BB+' Corp. Credit Rating

ISTAR FINANCIAL: Robert Pitts Owns 5.2% Equity Stake
ITUS CORP: Posts $411,000 Net Income in July 31 Quarter
JAC HOLDING: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
KASPER LAND: Court to Hold Hearing on Plan Outline Oct. 3
MEGA RV: Bankruptcy Watchdog Seeks Dismissal of Case

MEGA RV: Wants to Hire Brown Rudnick as Litigation Counsel
MEGA RV: Court Sets Nov. 14 Deadline for Filing Claims
MONROE HOSPITAL: Court Won't Appoint Patient Care Ombudsman
MVB HOLDING: Margaritaville Casino Owner Enters Chapter 11
MVB HOLDING: Case Summary & 20 Largest Unsecured Creditors

NET ELEMENT: Eliminates More Than $15 Million of Debt
NUVILEX INC: Has $1.6 Million Net Loss in July 31 Quarter
PLY GEM HOLDINGS: Unit Selling $150 Million Senior Notes Due 2022
PRIME TIME INT'L: Wants Exclusivity Moved to Dec. to Pursue Sale
RADIOSHACK CORP: AlixPartners Managing Director Named Interim CFO

REPWEST INSURANCE: A.M. Best Affirms 'B' Finc'l. Strength Rating
RIVERWALK JACKSONVILLE: Sabadell Balks at Exclusivity Extension
ROCKWOOD SPECIALTIES: S&P Raises Corp. Credit Rating From BB+
RVOS FARM: A.M. Best Withdraws Financial Strength Rating
RYNARD PROPERTIES: Gets 60-Day Extension of Exclusive Periods

RYNARD PROPERTIES: Wants Nod on DIP Loan with Paragon National
SEARS HOLDINGS: CEO Provides Retailer with $400-Mil. Loan
SEARS HOLDINGS: Fitch Says ESL Loan Highlights Liquidity Woes
SEARS HOLDINGS: Obtains $400 Million Loan From Edward Lampert
SEVEN ARTS: Had $7.2 Million Net Loss in March 31 Quarter

SHELBOURNE NORTH: Expects to Fully Pay $120-Mil. in Claims
SHELBOURNE NORTH: Court Oks Amendment to Atlas Investment Pact
SHOTWELL LANDFILL: Seeks More Time to File July Monthly Reports
SOLAR POWER: To Purchase Sinsin for $91.7 Million
SPANISH BROADCASTING: Inks Programming Agreements with IBC

SPECIALTY PRODUCTS: Asks Court to Establish Claims Bar Dates
T-L CONYERS: Sept. 29 Hearing on Approval of Competing Plans
TALLGRASS BROADCASTING: Case Summary & 14 Top Unsecured Creditors
TEMBEC INC: S&P Rates Proposed $375MM Sr. Secured Notes 'B-'
THOMAS JEFFERSON SCHOOL: Gets Reprieve After Missed Payment

TRIGEANT HOLDINGS: Largest Creditor Wants Relief from Stay
TRIGEANT LTD: Files for Ch. 11 with Full-Payment, Sale-Based Plan
TRIGEANT LTD: Files Schedules of Assets and Debt
TRIGEANT LTD: Chapter 11 Case Summary & Top Unsec. Creditors
TWEETER HOME: Panamax Inc. Compromise Approval Sought

UNIVERSITY COMMUNICATIONS: Case Summary & 17 Top Unsec. Creditors
US STEEL CANADA: To Seek Bankruptcy Protection
US STEEL CANADA: Parent Agrees to Provide $165MM in DIP Financing
VERMILLION INC: Offering $50 Million Worth of Securities
VICTORY CAPITAL: S&P Assigns 'BB-' ICR & Rates $335MM Debt 'BB'

WATERFORD GAMING: S&P Lowers CCR to 'D' on Missed Notes Payment
WOLF MOUNTAIN PRODUCTS: Requests Sale of Excess Assets
WPCS INTERNATIONAL: Delays July 31 Form 10-Q Filing
ZEBRA TECHNOLOGIES: S&P Assigns 'BB-' Corp. Credit Rating

* 9th Circ. Asks for Input on Malpractice Insurance Fight

* Consumer Finance Agency Seeks More Oversight of Auto Loans
* Higher Survival Rates for Businesses That Use PEOs, Study Shows

* Now Is the Time to Invest in Argentina, Algodon Founder Says

* Bingham McCutchen's London, Frankfurt Offices to Join Akin Gump
* Mitch Ryan, Nellwyn Voorhies-Kantak Join Donlin, Recano as VPs

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


357 WILSON AVENUE: Files for Chapter 11 in Newark
-------------------------------------------------
357 Wilson Avenue, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D.N.J. Case No. 14-28917) in its home-town in Newark, New
Jersey on Sept. 16, 2014, without stating a reason.

The Debtor, a Single Asset Real Estate as defined in 11 U.S.C.
Sec. 101(51B), estimated $10 million to $50 million in assets and
less than $10 million in debt.

According to the docket, the formal schedules of assets and
liabilities and the statement of financial affairs are due Sept.
30, 2014.

The Debtor's exclusive right to propose a plan expires on Jan. 14,
2015.

The case is assigned to Judge Rosemary Gambardella.

The Debtor is represented by Brian W. Hofmeister, Esq., at
McDonnell Crowley Hofmeister, LLC, in Trenton, New Jersey.

Fernando Vidal, the managing member and owner, signed the
bankruptcy petition.


357 WILSON AVENUE: Proposes McDonnell Crowley as Counsel
--------------------------------------------------------
357 Wilson Avenue, LLC, seeks approval from the bankruptcy court
to hire Brian W. Hofmeister, Esq., attorney, and the law firm of
McDonnell Crowley Hofmeister, LLC, to represent it in the
bankruptcy case.

According to a court filing, the professional services to be
rendered by the firm include all services necessary to achieve a
successful reorganization or sale of assets.

The firm will be compensated based on its hourly fees to be
approved by the Court.

The firm attests that it is a disinterested person under 11 U.S.C.
Sec. 101(14).


357 WILSON AVENUE: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: 357 Wilson Avenue, LLC
        357 Wilson Avenue, Building No. 7
        Newark, NJ 07105

Case No.: 14-28917

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 16, 2014

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. Rosemary Gambardella

Debtor's Counsel: Brian W. Hofmeister, Esq.
                  MCDONNELL CROWLEY HOFMEISTER, LLC
                  691 State Highway 33
                  Trenton, NJ 08619
                  Tel: (609) 890-1500
                  Email: bhofmeister@mchfirm.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fernando Vidal, managing member.

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


A HUDSON PROPERTIES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: A Hudson Properties
        P.O. BOX 256
        56 East 130th Street
        New York, NY 10037

Case No.: 14-12641

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 16, 2014

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

Debtor's Counsel: Sadatu Salami-Oyakhilome, Esq.
                  147-26 Hillside Avenue, 2nd Floor
                  Jamaica, NY 11435
                  Tel: (718) 298-6029
                  Fax: (718) 298-6021
                  Email: sadatuesq@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 millin to $10 million

The petition was signed by Auga Hudson, authorized individual.

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


ADVANCED MICRO DEVICES: Appoints Joseph Householder to Board
------------------------------------------------------------
The Board of Directors of Advanced Micro Devices, Inc., increased
the size of the Board to 12 directors and appointed Joseph A.
Householder as an independent director to the Board, according to
a regulatory filing with the U.S. Securities and Exchange
Commission.  In addition, Mr. Householder was appointed to the
Nominating and Corporate Governance Committee and the Audit and
Finance Committee of the Board.

Mr. Householder currently serves as executive vice president and
chief financial officer of Sempra Energy.

Mr. Householder possesses significant financial and operations
expertise from his 13 years at Sempra Energy, in addition to
former leadership roles at PricewaterhouseCoopers and Unocal
Corporation.  He currently serves on the board of directors of
multiple wholly- or majority-owned subsidiaries of Sempra Energy,
including the Southern California Gas Company, San Diego Gas &
Electric and Infraestructura Energetica Nova (IEnova), along with
holding a position on the board of directors of the not-for-profit
San Diego Regional Economic Development Corporation.
Additionally, he is a member of the Tax Executives Institute, the
American Institute of Certified Public Accountants, the State Bar
of California and the American Bar Association.

"Joe's deep financial knowledge and breadth of management
experiences provide vital insights that will further strengthen
AMD's Board," said Bruce Claflin, AMD's chairman of the board.

Mr. Householder holds a Bachelor of Science degree in Business
Administration from the University of Southern California, a Juris
Doctor degree from Loyola Law School and completed the Executive
Program at UCLA Anderson School of Management.

Mr. Householder is entitled to annual cash retainer fees of
$75,000 for his services as a director, $10,000 for his services
on the Nominating and Corporate Governance Committee and $20,000
for his services on the Audit and Finance Committee.  These
retainer fees will be pro-rated for the 2014 calendar year based
on the date of his appointment to the Board and the Board
committees.

In addition, pursuant to the Advanced Micro Devices, Inc. Outside
Director Equity Compensation Policy, on Sept. 15, 2014, Mr.
Householder was granted a restricted stock unit award for 44,589
shares of Company common stock.

                    About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

Advanced Micro incurred a net loss of $83 million on $5.29 billion
of net revenue for the year ended Dec. 28, 2013, as compared with
a net loss of $1.18 billion on $5.42 billion of net revenue for
the year ended Dec. 29, 2012.  As of June 28, 2014, the Company
had $4.24 billion in total assets, $3.74 billion in total
liabilities and $501 million in total stockholders' equity.

                          *     *     *

In August 2013, Standard & Poor's Ratings Services revised its
outlook on Advanced Micro to negative from stable.  At the same
time, S&P affirmed its 'B' corporate credit and senior unsecured
debt ratings on AMD.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for Advanced Micro
Devices Inc. (NYSE: AMD) to 'B-' from 'CCC'.  The upgrade
primarily reflects AMD's improved financial flexibility from
recent refinancing activity, which extends meaningful debt
maturities until 2019.

In the Feb. 4, 2013, edition of the TCR, Moody's Investors Service
lowered Advanced Micro Devices' corporate family rating to B2 from
B1.  The downgrade of the corporate family rating to B2 reflects
AMD's prospects for weaker operating performance and liquidity
profile over the next year as the company commences on a multi-
quarter strategic reorientation of its business in the face of a
challenging macro environment and a weak PC market.


ALCOA INC: Fitch Rates $1.25BB Mandatory Preferred Stock 'B+'
-------------------------------------------------------------
Fitch Ratings has assigned a 'B+' rating to Alcoa Inc.'s offering
of $1.25 billion in three-year mandatory convertible preferred
stock.  The offering is being used to help fund the previously
announced acquisition of Firth Rixson which is expected to close
in the fourth quarter.  Fitch currently rates Alcoa's long-term
Issuer Default Rating (IDR) 'BB+'.  The Rating Outlook is Stable.

KEY RATING DRIVERS

Alcoa's ratings reflect its leading position in the aluminum
industry, its strength in low-cost alumina production, the
operating flexibility afforded by the scope of its operations and
its moderately levered financial profile.  Alcoa was ranked as the
third largest primary aluminum producer in 2013.  Its aluminum
production is about average cost and its alumina production is in
the low second quartile.  Profitability has been hampered by
global oversupply in aluminum in the upstream segment of the
business and has weighed on net income and cash flow generation
over the last few years.

On the downstream side of the business, Alcoa has been
experiencing solid profitability and has been directing its focus
on its presence there.  The acquisition of Firth Rixson is an
example of this focus as it will immediately add to Alcoa's
existing aerospace segment and will provide a platform for future
growth in that segment.  Similarly, Alcoa's recent multi-year
agreement with Boeing for approximately $1 billion that will
supply the aerospace company with aluminum sheet and plate
products emphasizes Alcoa's focus on its well performing
downstream businesses.  The agreement is positive for the aluminum
producer as it locks in future revenue for its aerospace unit.

THE ISSUANCE

The issuance of the three-year mandatory convertible preferred
stock (series B) will be subordinate to Alcoa's existing series A
preferred stock and will thus be rated a notch below it.  The
dividend is subject to a cumulative deferral feature at the
company's option and can be paid in cash and/or stock.

FREE CASH FLOW (FCF) & EXPECTATIONS

Alcoa's financial leverage will remain above 2.5x on a total
debt/EBITDA level and above 3.5x on a funds from operations (FFO)
adjusted level through the end of 2014.  Significant pension
contributions will keep FFO adjusted leverage above 3.5x through
2015.  The company has generally produced FCF after capital
expenditures and dividends to shareholders since 2010 despite weak
aluminum prices.  In 2014, Fitch expects the company to be FCF
neutral after capital expenditures of $1.2 billion but before $137
million in dividends and the $125 million investment in the
Ma'aden joint venture.

LIQUIDITY

Liquidity is provided by the company's $4 billion revolver
maturing July 25, 2017, its commercial paper program and its 11
additional revolving credit facilities with separate financial
institutions providing a combined capacity of $1.25 billion.
Additionally, cash and cash equivalents on hand were $1.18 billion
as of June 30, 2014.  The main revolver has a covenant that limits
Consolidated Indebtedness to 150% of Consolidated Net Worth as do
the other 11 revolvers.

RATING SENSTIVITIES:

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

   -- Operating EBITDA below $2.5 billion in 2014;
   -- Total debt/EBITDA sustainably above 3.0x and FCF negative in
      the amount of $200 million or more.

Positive: Not anticipated over the next 12 months but future
developments that may lead to a positive rating action include:

   -- FFO adjusted leverage to be under 2.5x, and FCF positive on
      average.

Fitch currently rates Alcoa as:

   -- Issuer Default Rating (IDR) 'BB+';
   -- Senior unsecured debt 'BB+';
   -- $4 billion revolving credit facility 'BB+';
   -- Series A preferred stock 'BB-';
   -- Short-term IDR 'B';
   -- Commercial paper 'B'.

Fitch rates Alcoa's Series B mandatory convertible preferred stock
at 'B+'.

The Rating Outlook is Stable.


ALCOA INC: S&P Rates $1.25BB Mandatory Preferred Stock 'BB'
-----------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB'
issue-level rating to Pittsburgh-based aluminum producer Alcoa
Inc.'s $1.25 billion mandatory convertible preferred stock. All of
S&P's ratings on Alcoa, including its 'BBB-' corporate credit
rating and our 'A-3' commercial paper rating, are unchanged.

Alcoa plans to use proceeds from the new preferred stock to
finance a portion of its $2.85 billion acquisition of Firth
Rixson, a manufacturer of aerospace engine and industrial
components. S&P expects Alcoa will issue debt and $500 million of
common equity to finance the balance of the purchase price.

The rating on Alcoa reflects S&P's "satisfactory" assessment of
the company's business risk profile, which is based on its solid
market position as one of the world's largest integrated aluminum
producers and its relatively broad product, end-market, and
geographic diversity. S&P's assessment also recognizes that some
of its operations are cyclical and it is exposed to volatile
prices for aluminum output and input costs. S&P considers Alcoa's
financial risk profile to be "significant." S&P expects adjusted
debt leverage to recede to the 3x to 4x range, from 4.3x as of
June 30, 2014, as a result of EBITDA growth. Pro forma for the
Firth Rixson acquisition, S&P estimates adjusted leverage is
about 4.4x.

The negative rating outlook reflects risks to S&P's base case
expectations that London Metal Exchange aluminum inventory will
decline, contributing to sustained improvement in aluminum prices,
and Alcoa will continue to gradually improve its cost structure
and productivity.

Ratings List

Alcoa Inc.
Corporate Credit Rating                        BBB-/Neg/A-3

New Rating
Alcoa Inc.
$1.25 bil mandatory convert preferred stock    BB


ALPHA HOME: Has Until Sept. 25 to File Schedules and Statements
---------------------------------------------------------------
The bankruptcy court granted Alpha Home Association of Greater
Indianapolis (Indiana) Inc. an extension until Sept. 25, 2014, to
file its schedules of assets and liabilities, statement of
financial affairs and other incomplete filings in relation to its
Chapter 11 case.  The Debtor filed a motion seeking the extension
on Sept. 8.

Alpha Home Association of Greater Indianapolis (Indiana) Inc.
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
14-07997) in Indianapolis on Aug. 26, 2014.  The Debtor estimated
assets and debts between $500 million and $1 billion.

The case is assigned to Judge James K. Coachys.  Brian D.
Salwowski, Esq., in Indianapolis, serves as counsel.


ALPHA HOME: Meeting of Creditors Scheduled for Oct. 1
-----------------------------------------------------
The U.S. Trustee will convene a meeting of creditors in the
Chapter 11 case of Alpha Home Association of Greater Indianapolis
(Indiana) Inc., on Oct. 1, 2014, at 1:30 p.m.  The meeting will be
held at Room 416C U.S. Courthouse, Indianapolis.

Objections, if any, to dischargeability are due by Dec. 1.

Alpha Home Association of Greater Indianapolis (Indiana) Inc.
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
14-07997) in Indianapolis on Aug. 26, 2014.  The Debtor estimated
assets and debts between $500 million and $1 billion.

The case is assigned to Judge James K. Coachys.  Brian D.
Salwowski, Esq., in Indianapolis, serves as counsel.


ARAMID ENTERTAINMENT: Asks Court to Establish Claims Bar Dates
--------------------------------------------------------------
Aramid Entertainment Fund Limited asks the Bankruptcy Court to
establish deadlines for the filing of proofs of claim. In the
motion, the Debtors asked that a general bar date be set on
November 3, 2014 and the governmental bar date be established on
December 31, 2014.

On June 13, 2014, the Debtors filed voluntary petitions for relief
under Chapter 11. The Debtors continue to operate their business
and manage their affairs as debtors-in-possession.

The Debtors filed their respective schedules and statements of
financial affairs on July 31, 2014, pursuant to the Federal Rules
of Bankruptcy Procedures. The Debtors have spent a considerable
amount of time and effort to prepare the schedules in order to
provide accurate and complete information.

In order for the Debtors to formulate a confirmable plan of
liquidation and provide accurate disclosure related thereto, the
Debtors require, among others, complete and accurate information
regarding the nature, validity, number and amount of the claims
that will be asserted in the Chapter 11 case.

Aramid Entertainment Fund Limited is represented by:

     James C. McCaroll, Esq.
     Micheal J. Vendito, Esq.
     Jordan W. Siev, Esq.
     Richard A. Robinson, Esq.
     REED SMITH LLP
     599 Lexington Avenue
     New York, NY 10022-7650
     Telephone: (212) 521-5400
     Facsimile: (212) 521-5450
     Email: jmccaroll@reedsmith.com
            mvendito@reedsmith.com
            jsiev@reedsmith.com
            rrobinson@reedsmith.com

                    About Aramid Entertainment

Aramid Entertainment Fund Limited has been engaged in the business
of providing short and medium term liquidity to producers and
distributors of film, television and other media and entertainment
content by way of loans and equity investments.

On May 7, 2014, Geoffrey Varga and Jess Shakespeare of Kinetic
Partners (Cayman) Limited were appointed under Cayman law as the
joint voluntary liquidators of AEF and two affiliates.

On June 13, 2014, the JVLs authorized AEF and two affiliates to
file for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead
Case No. 14-11802) in Manhattan on June 13, 2014.

The Debtors have tapped Reed Smith, LLP, in New York, as counsel
and Kinetic Partners (Cayman) Limited as crisis managers.

AEF estimated at least $100 million in assets and between
$10 million to $50 million in liabilities.

The joint voluntary liquidators authorize the Debtors to file
voluntary petitions for relied under Chapter 11 of the Bankruptcy
Code.  No trustee, examiner, or committee has been appointed in
the Chapter 11 case.


ASSOCIATED ASPHALT: S&P Lowers CCR to 'B' & Notes Rating to 'B-'
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Roanoke, Va.-based Associated Asphalt Partners LLC to
'B' from 'B+'. The outlook is stable. At the same time, S&P
lowered its issue-level rating on its senior secured notes
one notch to 'B-' from 'B'. The recovery rating on the notes
remains '5', indicating a modest recovery expectation of 10% to
30% in the event of a payment default.

"The downgrade reflects our view of the deteriorating margin
environment in the company's operating territory due to increased
competition on the East Coast and supply issues at refiners
resulting in increased costs for liquid asphalt," said Standard &
Poor's credit analyst Mike Llanos. "As a result, asphalt margins
decreased by double-digit percentages compared with 2013 results
and Associated Asphalts credit measures have weakened," said Mr.
Llanos.

"We are revising the business risk profile to "vulnerable" to
reflect margin volatility that is greater than we initially
expected. We forecast the company's credit measures will be worse
than previously forecasted with debt to EBITDA of about 4.75x to
5x in 2014, excluding working capital borrowings compared with
3.5x previously," said S&P.

"The "vulnerable" business risk profile incorporates our
assessment of industry-specific risks for the asphalt business
such as sensitivity to weather patterns, potentially lower product
demand due to changes in roadwork spending in its service
territory, potential EBITDA margin compression due to volatile
crude oil prices, low profitability measures inherent to a
wholesale commodity business and significant working capital
requirements. The "aggressive" financial risk profile reflects our
view of Associated's majority ownership by financial sponsor,
Goldman Sachs Capital Partners and high financial leverage. We
assess liquidity to be "adequate" based on our expectations that
projected liquidity sources would exceed uses by about 1.2x
over the next 12 months," S&P added.

"The stable outlook reflects our expectations of financial
leverage of about 5x excluding peak working capital borrowings and
the company maintaining adequate liquidity," S&P related.

"We could lower the rating if liquidity becomes further
constrained or if we do not expect Associated to retain adjusted
debt leverage below 5x excluding working capital debt. A downgrade
could also occur if the partnership pursues a more aggressive
financial policy or growth strategy.

"Though unlikely in the next few years, we could consider higher
ratings if the competitive landscape improves such that we would
expect leverage to improve to about 3.5x, or if the company
diversifies its asset base, or adopts a notably more conservative
financial policy," said S&P.


ASPEN GROUP: Incurs $864,000 Net Loss in July 31 Quarter
--------------------------------------------------------
Aspen Group, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $864,261 on $1.16 million of revenues for the three months
ended July 31, 2014, compared to a net loss of $1.13 million on
$901,199 of revenues for the same period in 2013.

The Company's balance sheet at July 31, 2014, showed $4.79 million
in total assets, $5.63 million in total liabilities and a $845,460
total stockholders' deficiency.

At July 31, 2014, the Company had a cash balance of approximately
$2.3 million which includes $898,225 of restricted cash.  In
September 2014, the company completed the second closing of its
equity financing of $3,766,325.  With the additional cash raised
in the financing, the growth in the company revenues and improving
operating margins, the Company believes that it has sufficient
cash to allow the Company to implement its long-term business
plan.

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

                        http://is.gd/dD9sXc

                          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.


ASPEN GROUP: Leon Cooperman Holds 9.9% Equity Stake
---------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Leon G. Cooperman disclosed that as of
Sept. 4, 2014, he beneficially owned 11,241,435 shares of common
stock of Aspen Group, Inc., representing 9.99 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/0ZPyL1

                          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.

The Company's balance sheet at July 31, 2014, showed $4.79 million
in total assets, $5.63 million in total liabilities and a $845,460
total stockholders' deficiency.


AUTOSEIS INC: Wants Plan Exclusivity Extended to December 23
------------------------------------------------------------
Autoseis, Inc., Global Geophysical Services, Inc. and their
affiliated debtors seek to extend the period within which they
have the exclusive right to file a plan of reorganization to
December 23, 2014 and the exclusive period to solicit acceptances
of the plan to February 17, 2015.

On June 29, 2014, the Debtors filed their first motion to extend
the exclusivity period which was granted by the Court on July 22,
2014. The Debtors' exclusive right was extended until September
24, 2014 to file the Chapter 11 plan and November 19, 2014 to
solicit acceptance.

The Debtors request further exclusivity extension to build on the
momentum that the case already have and to bring them to proper
and successful resolution. Despite, however, the progress and
focus of the Debtors, the Debtors said they continue to face
challenges in their restructuring efforts. The Debtors cited the
restrained key projects in Kurdistan due to violence and unrest.
In addition, the Debtors have accomplished the full implementation
in the Colombian civil courts of the order of the Superintendencia
recognizing the Chapter 11 case, but, other civil courts in
Colombia with jurisdiction over certain enforcement and collection
actions against the Debtors did not immediately give effect to the
recognition order.

The purpose of the exclusivity period is to allow the Debtor
flexibility to negotiate with its creditors. After all, the
primary objective of a chapter 11 case is the formulation,
confirmation, and consummation of a consensual Chapter 11 plan.

Global Geophysical and its affiliated debtors are represented by:

     C. Luckey McDowell, Esq.
     Ian E. Roberts, Esq.
     Meggie Gilstrap, Esq.
     BAKER BOTTS L.L.P.
     2001 Ross Avenue
     Dallas, TX 75201
     Telephone: 214-953-6500
     Facsimile: 214-953-6503
     Email: luckey.mcdowell@bakerbotts.com
            ian.roberts@bakerbotts.com
            meggie.gilstrap@bakerbotts.com

          - and -

     Shelby A. Jordan, Esq.
     Nathaniel Peter Holzer, Esq.
     JORDAN, HYDEN, WOMBLE, CULBRETH & HOLZER, P.C.
     Suite 900, Bank of America
     500 North Shoreline
     Corpus Christi, Texas 78471
     Telephone: 361-884-5678
     Facsimile: 361-888-5555
     Email: sjordan@jhwclaw.com
            pholzer@jhwclaw.com


BROOKSTONE HOLDINGS: CEO Resigns After Bankruptcy Proceedings
-------------------------------------------------------------
Chelsey Dulaney, writing for The Wall Street Journal, reported
that James Speltz, the president and chief executive officer of
specialty retailer Brookstone, has resigned after taking the
seller of travel gadgets and massage chairs through bankruptcy
proceedings this summer.  According to the report, Steve Schwartz,
a 15-year veteran of the company who is currently Brookstone's
chief merchandising officer, will serve as interim president and
CEO.

                    About Brookstone Holdings

Brookstone Holdings Corp. and its affiliated debtors on April 3,
2013, filed for relief under Chapter 11 (Bankr. D. Del. Lead Case
No. 14-10752) with a plan to sell its business to another
retailer.

Specialty retailer Brookstone operated 242 retail stores across 40
states and Puerto Rico as of Feb. 1, 2014.  Of those stores, 195
are generally located near "center court" in America's top
retail centers and 47 are located in airports.  Brookstone
also operates an e-commerce business that includes the Brookstone
catalog and http://www.Brookstone.com/

An affiliate of Spencer Spirit Holdings Inc., the parent of gift-
shop chain Spencer's, has signed a deal to pay $147 million in
exchange for 100% of the reorganized debtor's equity, absent
higher and better offers from other parties.  As of Dec. 31, 2013,
Spencer operated 644 stores in 49 states and Canada.

As of the bankruptcy filing, the Debtors owe more than $50 million
on a senior secured prepetition credit facility ($34.1 million on
a revolver, $12.3 million on a term loan and $4.7 million on
account of letters of credit), and $137.3 million to holders of
junior notes.  The Debtors estimate that their unsecured debt is
between $75 million and $85 million.

The agreement with Spencer contemplates that Brookstone,
headquartered in New Hampshire, will continue to operate its mall
and airport stores, catalog, website, and wholesale channels,
under the Brookstone brand with current employees remaining at
their respective locations.

The Debtors have tapped K&L Gates LLP and Landis Rath & Cobb LLP
as attorneys, Deloitte Financial Advisory Services LLP as their
financial advisors, Jefferies LLC as their investment banker, and
Kurtzman Carson Consultants as claims agent.

The DIP lenders are represented by Stroock & Stroock & Lavan LLP
and Young Conaway Stargatt & Taylor LLP.

Brookstone Holdings Corp., et al., notified the U.S. Bankruptcy
Court for the District of Delaware that the effective date of
their Second Modified Joint Chapter 11 Plan of Reorganization
occurred on July 7, 2014.  The Plan was confirmed on June 24.


CARRIZO OIL: S&P Raises CCR to B+ & Sr. Unsec. Debt Rating to B
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Houston-based Carrizo Oil & Gas Inc. to 'B+' from 'B'.
The outlook is stable. At the same time, S&P raised its issue
level rating on the company's senior unsecured debt to 'B'
from 'B-'.  S&P's '5' recovery rating on this debt remains
unchanged, reflecting its expectation of modest (10% to 30%)
recovery in the event of payment default.

The rating action reflects S&P's revision of growth rate
assumptions in Carrizo's oil production and reserves in 2015
following the company's continued drilling success in the Eagle
Ford Shale. In the first six months of 2014, Carrizo's oil and
liquids production increased to 18,800 barrels of oil equivalent
(boe) per day on average from 11,700 boe per day in the same
period last year. The company expects to achieve oil production
growth of 57% in 2014 compared with an initial guidance of
slightly more than 40%.

"The stable outlook reflects our view that Carrizo will continue
to increase oil reserves and production while maintaining FFO to
debt of about 45% and debt to EBITDA of about 2x or below," said
Standard & Poor's credit analyst Christine Besset.

The positive outlook reflects the likelihood of an upgrade if
Carrizo increases the size of its reserves in line with 'BB-'
rated peers, while maintaining leverage below 3x on average.

S&P would consider a downgrade if production and reserves
decreased significantly, the company materially increased debt
funding such that leverage exceeded 3x on a sustained basis, or
liquidity became less than adequate.


CBS OUTDOOR: S&P Rates Proposed $450MM Unsecured Notes 'BB-'
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating and '4' recovery rating to New York City-based outdoor
advertising company CBS Outdoor Americas Inc.'s (CBS Outdoor's)
proposed $450 million unsecured notes due 2025. The '4' recovery
rating indicates S&P's expectation for average recovery (30%-50%)
in the event of a payment default. CBS Outdoor's wholly owned
subsidiaries, CBS Outdoor Americas Capital LLC and CBS Outdoor
Americas Capital Corp., are coborrowers of this debt.

CBS Outdoor also plans to add-on $100 million to its $400 million
unsecured notes due 2022 (increasing the total issuance to amount
$500) and to draw on the revolving credit facility for $90
million. The new unsecured note issuance has no impact on the
ratings on the revolver or senior unsecured notes due 2022. The
company plans to use the proceeds from the new debt issuance and
debt upsizing to fund its acquisition of certain outdoor assets
from Van Wagner Communications LLC's for $690 million.

With this debt issuance, S&P expects that CBS Outdoor's pro forma
adjusted leverage will increase to roughly 4.0x from 3.4x as of
June 30, 2014. Leverage at this level is consistent with our
"aggressive" financial risk profile assessment and would remain
below S&P's 5x adjusted leverage threshold for the company at a
'BB-' corporate credit rating.

Despite the increase in debt leverage, S&P believes the
transaction will improve CBS Outdoor's business position via
increased presence in key markets such as New York, Boston,
Washington DC, and Los Angeles. S&P expects its "satisfactory"
business risk profile assessment to remain unchanged and that the
acquisition will provide modest improvement in the company's
overall business position.  The rating outlook on CBS Outdoor
remains stable.

RATINGS LIST

CBS Outdoor Americas Inc.
Corporate Credit Rating                  BB-/Stable/--

New Ratings
CBS Outdoor Americas Capital LLC
CBS Outdoor Americas Capital Corp.
$450 million unsecured notes due 2025    BB-
  Recovery Rating                         4

Ratings Unchanged
CBS Outdoor Americas Capital LLC
CBS Outdoor Americas Capital Corp.
$500 million unsecured notes due 2022*   BB-
  Recovery Rating                         4

*Upsized amount.


CHAMPION INDUSTRIES: Incurs $587,000 Net Loss in July 31 Quarter
----------------------------------------------------------------
Champion Industries, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $587,462 on $15.32 million of total revenues for the
three months ended July 31, 2014, compared to a net loss of $1.08
million on $17.96 million of total revenues for the same period in
2013.

For the nine months ended July 31, 2014, the Company reported a
net loss of $1.46 million on $45.77 million of total revenues
compared to a net loss of $5.45 million on $54.51 million of total
revenues for the same period a year ago.

As of July 31, 2014, the Company had $23.79 million in total
assets, $20.92 million in total liabilities and $2.87 million in
total shareholders' equity.

As of July 31, 2014, the Company had a $0.3 million book cash
balance, compared with Oct. 31, 2013, when the Company had a $1.4
million book cash balance.  This decrease was mainly driven by a
decrease in the Company's trade accounts payable.

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

                        http://is.gd/wE99Jf

                     About Champion Industries

Champion Industries, Inc., is engaged in the commercial printing
and office products and furniture supply business in regional
markets east of the Mississippi River.  The Company also publishes
The Herald-Dispatch daily newspaper in Huntington, West Virginia
with a total daily and Sunday circulation of approximately 23,000
and 28,000.

Champion Industries reported net income of $5.71 million for
the year ended Oct. 31, 2013, as compared with a net loss of
$23.31 million for the year ended Oct. 31, 2012.


CIRCLE STAR: Incurs $291,000 Net Loss in July 31 Quarter
--------------------------------------------------------
Circle Star Energy Corp. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $291,486 on $230,993 of total revenues for the three
months ended July 31, 2014, compared to a net loss of $549,286 on
$275,948 of total revenues for the same period in 2013.

As of July 31, 2014, the Company had $1.87 million in total
assets, $4.43 million in total liabilities and a $2.56 million
total stockholders' deficit.

At July 31, 2014, the Company had cash and cash equivalents of
$141,015 and a working capital deficit of $3,864,903.

"Given that we have not achieved profitable operations to date,
our cash requirements are subject to numerous contingencies and
risks beyond our control, including operational and development
risks, competition from well-funded competitors, and our ability
to manage growth.  We can offer no assurance that the Company will
generate cash flow sufficient to achieve profitable operations or
that our expenses will not exceed our projections.  Accordingly,
there is substantial doubt as to our ability to continue as a
going concern for a reasonable period of time," the Company stated
in the Quarterly Report.

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

                         http://is.gd/LiuOda

                         About Circle Star

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

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


COLDWATER CREEK: Judge Signs Liquidation Plan Confirmation Order
----------------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware, on Sept. 17, confirmed Coldwater Creek Inc.,
et al.'s Modified Third Amended Joint Plan of Liquidation, after
determining that the Plan satisfied all requirements of
confirmation under Section 1129 of the Bankruptcy Code.

Judge Shannon, according to Peg Brickley, writing for Daily
Bankruptcy Review, signed off on the Chapter 11 liquidation plan
for the former retailer, calling it "a good result in a
challenging case."

The Plan proposes the creation of a liquidating trust that will,
among other things, (1) investigate and, if appropriate, pursue
Causes of Action not otherwise released under the Plan, (2)
administer and pursue the Liquidating Trust Assets, (3) resolve
all Disputed Claims and (4) make Distributions from the
Liquidating Trust as provided for in the Plan and the Liquidating
Trust Agreement.  The Plan incorporates a global settlement that
has been approved by the Court.  Pursuant to the Global Settlement
Agreement, the Term Loan Claims were Allowed in the amount of
$90,739,670, and paid in full in Cash on July 23, 2014.  General
unsecured claims are impaired and are entitled to vote to accept
or reject the Plan.

A full-text copy of the Plan dated Sept. 15, 2014, is available at
http://bankrupt.com/misc/COLDWATERplan0915.pdf

                       About Coldwater Creek

Coldwater Creek is a multi-channel retailer that offers its
merchandise through retail stores across the country, its catalog
and its e-commerce Web site, http://www.coldwatercreek.com/
Originally founded in Sandpoint, Idaho in 1984 as a direct,
catalog-based marketer, Coldwater evolved into a multi-channel
specialty retailer operating 334 premium retail stores, 31 factory
outlet stores and seven day spa locations throughout the United
States.

As of the bankruptcy filing, the Debtors domestically employ a
total of approximately 5,990 employees throughout their retail
locations, corporate headquarters and distribution, design and
call centers.

Coldwater Creek Inc. and its debtor-affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10867) on
April 11, 2014, to liquidate their assets.

Coldwater Creek Inc. disclosed assets of $721,468,388 plus
undetermined amount and liabilities of $425,475,739 plus
undetermined amount.  Affiliate Coldwater Creek U.S. Inc.
estimated $100 million to $500 million in assets and liabilities.

The Debtors have drawn $37.5 million and have approximately
$10 million in letters of credit outstanding under a senior
secured credit facility (ABL facility) provided by lenders led by
Wells Fargo Bank, National Association, as agent.  The Debtors
also owe $96 million, which includes accrued interest and
approximately $23 million representing a prepayment premium
payable, under a term loan from lenders led by CC Holding Agency
Corporation, as agent.  Aside from the funded debt, the Debtors
have accumulated a significant amount of accrued and unpaid trade
and other unsecured debt in the normal course of their business.

The Debtors have tapped Young Conaway Stargatt & Taylor, LLP, and
Shearman & Sterling LLP as attorneys, Perella Weinberg Partners LP
as financial advisor, Alvarez & Marsal as restructuring advisor,
and Prime Clerk LLC as claims and noticing agent.

The U.S. Trustee for Region Three named seven creditors to serve
on the official committee of unsecured creditors.  Lowenstein
Sandler LLP represent the Committee.


CONQUEST PETROLEUM: SEC Cancels Registration of Securities
----------------------------------------------------------
The U.S. Securities and Exchange Commission had revoked the
registration of the Company's securities due to the Company's
failure to comply with Exchange Act Section 13(a)
and Rules 13a-1 and 13a-13 thereunder because it has not filed any
periodic reports with the Commission since the period ended
Sept. 30, 2011, according to a regulatory filing with the SEC.

                      About Conquest Petroleum

Spring, Tex.-based Conquest Petroleum Incorporated (OTC BB: CQPT)
-- http://www.conquestpetroleum.com/-- is an independent oil and
natural gas company engaged in the production, acquisition and
exploitation of oil and natural gas properties geographically
focused on the onshore United States.  The Company's areas of
operation include Louisiana and Kentucky.

The Company reported a net loss of $14.49 million in 2010 and a
net loss of $23.26 million in 2009.  The Company reported a net
loss of $4.77 million for the nine months ending Sept. 30, 2011.

The Company's balance sheet as of Sept. 30, 2011, showed
$1.99 million in total assets, $32.56 million in total
liabilities, and a $30.57 million total stockholders' deficit.

As reported by the TCR on April 21, 2011, M&K CPAS, PLLC, in
Houston, Texas, noted that Conquest Petroleum has insufficient
working capital and reoccurring losses from operations, all of
which raises substantial doubt about its ability to continue as a
going concern.


DBK INVESTMENTS: Court Authorizes Sale of Hotel for $1,285,000
--------------------------------------------------------------
The U.S. Bankruptcy Court on August 27, 2014, authorized the sale
of DBK Investment & Development Corporation's hotel, including all
personal property therein for $1,285,000 cash. The decree came
following a motion filed by the Debtor on August 7, 2014.

On April 1, 2013, an involuntary chapter 11 bankruptcy petition
was filed against the Debtor. In order to secure payments to the
creditors, the Debtor sought the authority to sell its only hotel
located at 1939 Harper Road, Beckley, West Virginia, including all
furniture, equipment and other personal property of any kind.

Since the bankruptcy filing, the Debtor has made efforts to market
the property. Thus, the property has been listed in national hotel
trade magazines and marketed via internet list services. Until
June 9, 2014, a purchase agreement was entered into between the
Debtor and Vishnu Patel, for the sum of $1,285,000.

Hence, for the best interest of the creditors and the bankruptcy
estate, the Debtor sought the authorization of sale and was
approved by the court.

DBK Investment & Development Corporation is represented by:

     Joe M. Supple, Esq.
     SUPPLE LAW OFFICE
     PL801 Viand Street
     Point Pleasant, WV 25550
     Tel: 304-675-6249

          - and -

     George L. Lemon, Esq.
     PO Drawer 1250
     Lewisburg, WV 24901
     Tel: 304-645-3673

           About DBK Investments and Development Corp.

Hillsville, Virginia-based DBK Investments and Development Corp.
filed for Chapter 11 protection (Bankr. S.D. W.Va. Case No. 14-
50033) on Feb. 11, 2014.  Bankruptcy Judge Ronald G. Pearson
presides over the case.  The Debtor estimated assets and debts at
$1 million to $10 million.  The petition was signed by Bettye J.
Morehead, secretary.  The Debtor is represented by Joe M. Supple,
Esq., at Supple Law Office, PLLC.


ELBIT IMAGING: Chinese Group Invests $12.5MM in Insightec
---------------------------------------------------------
Elbit Imaging Ltd. disclosed that Shanghai GEOC Hengtong
Investment Limited Partnership and Fortune China Limited in
invested US$12.5 million in InSightec Ltd.

In the framework of the present investment round in InSightec, the
Chinese Group has exercised the right granted thereto in the
investment round documents and has acquired a total of 6,444,404
Series D preferred shares of InSightec, which represent approx. 5%
of the share capital of InSightec on a fully diluted basis, in
consideration for a total payment of U.S. $12.5 million.  Upon the
closing of the transaction, the, Elbit Medical's holding in
InSightec is 37.6% (33.3% on a fully diluted basis).

The Company holds approximately 85% in Elbit Medical Technologies
Ltd. on fully diluted basis, which, in turn, holds approximately
48.2% (42.3% on a fully diluted basis) of the share capital in
InSightec, as reported by the TCR on July 3, 2014.

                      About Elbit Imaging Ltd.

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

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

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

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

Elbit Imaging reported a loss of NIS1.56 billion on
NIS360.59 million of total revenues for the year ended Dec. 31,
2013, as compared with a loss of NIS483.98 million on NIS418.48
million of total revenues in 2012.

As of June 30, 2014, the Company had NIS4.05 billion in total
assets, NIS3.16 billion in total liabilities and NIS889.58 million
shareholders' equity.

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


ENERGY FUTURE: Still Talking to NextEra as Bidding War Rages
------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
Energy Future Holdings Corp. is "in the midst of a bidding war"
and still talking to NextEra Energy Inc., the Florida company that
sparked a competition that shook up one of the biggest
bankruptcies on record, company attorney Edward Sassower said.

                      About Energy Future

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

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

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

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

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

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

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

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

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


EXGEN TEXAS: S&P Rates $675MM Term Loan 'BB-', Outlook Stable
-------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB-'
project rating to ExGen Texas Power LLC's (EGTP) $675 million
senior secured term loan B due in 2021. At the same time, S&P
assigned its '2' recovery rating to this debt, indicating
expectations of "substantial" (70% to 90%) recovery in a default
scenario. The outlook is stable.

EGTP is a single-purpose limited liability company created by
Exelon Generation as a wholly owned indirect subsidiary to own a
portfolio of five gas-fired power projects totaling 3,476 MW in
the North and Houston zones of the Electricity Reliability Council
of Texas (ERCOT) market. The portfolio consists of two combined-
cycle gas turbine (CCGT) units totaling more than 1,200 MW and
three simple-cycle units totaling about 2,300 MW, of significantly
varying ages.  "Although we consider EGTP's obligations to be
nonrecourse to that of ultimate parent Exelon Corp., the lack of
certain structural features such as an independent director and a
nonconsolidation opinion prevents us from treating those
obligations as bankruptcy remote. As a result, if the parent's
rating were to fall below that of ExGen Texas' rating, the
project's rating would also fall. The project will initially be
capitalized with $675 million of debt and it will use the term
loan proceeds to fund a $524 million dividend to Exelon Corp., as
well as fund various reserves," said S&P.

The 'BB-' rating mainly reflects the volatility of cash flows
inherent in merchant power markets, partially offset by commodity
hedges that cover close to 80% of Standard & Poor's projected
gross margin through 2017, and about 50% of gross margin in 2018.
While S&P's base-case cash flow is healthy and results in
manageable refinancing risk at maturity in September 2021 -- about
$98 per kilowatt, or about $272 per kilowatt if the peaking units
are excluded -- there is still considerable downside risk due to
the dependence on volatile merchant revenue to amortize the debt
following the maturity of the hedges.

"The stable outlook on EGTP reflects our expectations of modest
refinancing risk at maturity due to improving, albeit volatile,
power market conditions in ERCOT," said Standard & Poor's credit
analyst Richard Cortright.

S&P would consider a downgrade if it expected debt service to fall
substantially below 2x. Such a scenario would most likely happen
due to lower merchant power revenues or unanticipated operational
difficulties. An upgrade is unlikely at this time, but could occur
if the project mitigates its exposure to merchant market risk by
entering into new hedging agreements that increase cash flow
predictability, or if S&P develops a higher level of
confidence that energy prices will rise and stabilize for an
extended period in ERCOT. As such, S&P could consider an upgrade
if it expected debt service coverage to rise above about 2.5x to
3x.


FIAT SPA: DBRS Lowers Long-Term Ratings to 'BB(low)'
----------------------------------------------------
DBRS Inc. on Sept. 15, 2014, downgraded the long-term ratings of
Fiat S.p.A. to BB (low) from BB. Concurrently, pursuant to DBRS's
methodology "Recovery Ratings for Non-Investment Grade Corporate
Issuers," the instrument rating of Fiat's Senior Unsecured Debt is
also herein downgraded to BB (low), in line with the assessed
recovery rating of RR4.  The BB (low) Senior Unsecured debt rating
of Fiat Finance Canada Ltd. recognizes the unconditional guarantee
of the Company.  The ratings downgrade incorporates the ongoing
deterioration of Fiat's financial profile amid lacklustre
financial performance, exacerbated by outlays associated with the
Company's purchase of the remaining 41.5% ownership interest in
Chrysler Group LLC (Chrysler) from the UAW Voluntary Employee
Beneficiary Association Trust (VEBA Trust).  As a result, Fiat's
credit metrics have migrated to levels below those commensurate
with the former ratings.  Moreover, while the Company's 100%
acquisition of Chrysler is generally viewed positively by DBRS,
DBRS notes that planned financial outlays associated with Fiat's
five-year business plan (that extends through year-end 2018) are
expected to effectively preclude any meaningful improvement in the
financial profile until 2016; any underperformance vis-a-vis the
business plan could potentially delay such improvement even
further and possibly lead to an additional increase in the
Company's industrial indebtedness, although DBRS anticipates that
any subsequent cash burn would prove moderate.  The trend on the
ratings is Stable, as DBRS's view of Fiat's business profile
(analyzed on a combined basis) is somewhat more favourable while
also noting that the Company's liquidity position at this point
(despite the weak financial metrics) remains sound.

In January 2014, Fiat reached an agreement with the VEBA Trust to
purchase the remaining 41.5% ownership interest in Chrysler.
Total consideration for the acquisition amounted to $3.65 billion,
consisting of: $1.75 billion in cash paid by Fiat plus $1.9
billion paid by Chrysler (by way of a special dividend).  In
addition, Chrysler is also to contribute an additional $700
million to the VEBA Trust in four annual instalments of $175
million; (the first of which being already paid).  (In line with
these contributions, the UAW has in turn agreed to continue its
support of Chrysler's industrial operations, as well as the
further implementation of the Fiat-Chrysler alliance across
Chrysler's various manufacturing sites.)

As to the merger of Fiat into its 100%-controlled Dutch company,
Fiat Investments N.V., which, after the merger will be renamed
Fiat-Chrysler Automobiles N.V., shareholders' approvals were
obtained in early August; moreover, it was recently announced by
Fiat that payments to be made to dissenting shareholders will
total less than the EUR 500 million limit previously set by the
Company as a cap to the total amount payable to shareholders
exercising cash exit rights and to creditors exercising opposition
rights in respect of the merger.  The listing of Fiat-Chrysler
Automobiles N.V. on the NYSE is currently expected for October
2014.

Notwithstanding, DBRS notes that Fiat and Chrysler continue to
manage financial matters on an independent (though coordinated)
basis as per the documentation of the companies' existing
financings, although Fiat nonetheless has access to a limited
amount of Chrysler's cash by way of dividends (in addition to
inter-company loans that could be entered into on an arm's length
basis).

In any event, the acquisition of the residual stake of Chrysler
has further adversely impacted the financial profile of the
Company, both on a combined level as well as on a stand-alone
(i.e., excluding-Chrysler) basis.  As of June 30, 2014, the
balance sheet leverage (i.e. gross debt-to-total capitalization)
of the industrial operations of the combined Company and stand-
alone Fiat amounted to 74% and 65% respectively, both of which
represent aggressive levels (relative to even the newly assigned
ratings).  Moreover, income- and cash flow based coverage measures
are also rather lacklustre, primarily reflecting challenging
conditions across some of (stand-alone) Fiat's key-end markets,
notably Europe and also more recently Latin America (primarily
Brazil); the financial results of the latter being further
undermined by substantial investments associated with the ongoing
construction of the forthcoming Pernambuco assembly plant.

Moreover, Fiat's five-year business plan, which covers the
timeframe from 2014 through year-end 2018, outlines what DBRS
deems as somewhat aggressive growth plans, (e.g., aggregate annual
unit sales increasing from roughly 4.4 million units in 2013 to
approximately seven million units (including joint ventures) in
2018), with Jeep targeted to more than double its annual sales in
this timeframe and Alfa Romeo projected to attain global annual
sales of approximately 350 thousand units (from current annual
volumes of roughly 100 thousand units).  Additionally, planned
investments of the Company through this time period are
substantial as aggregate capital expenditures are projected by
DBRS to range from 45 billion to 50 billion, with the majority of
such investments being allotted in the earlier years (i.e., 2014
to 2016) of the business plan.

Amid ongoing headwinds across certain markets, Fiat's
earnings/cash generation over the next three years (i.e., through
year-end 2016) are not anticipated by the Company to be at
sufficient levels to enable a meaningful reduction in industrial
indebtedness, with the likely sustained weak financial profile
leading to the ratings downgrade.  DBRS notes that the ratings at
this point are effectively constrained by the weak financial
profile of the Company, as DBRS has a more positive view of Fiat's
business profile, which is analyzed on a combined basis.  The
business profile could be subject to material additional
improvement in the event that Fiat were to essentially meet the
targets outlined in its current five-year plan, although as noted
previously some of the stated objectives are considered by DBRS to
be somewhat aggressive.

The Stable trend of the ratings incorporates DBRS's assumption
that Fiat's earnings performance over the near-term is likely to
remain essentially flat vis-...-vis recent levels.  While the
Company may continue to generate negative free cash flow, such
cash burn would likely prove moderate.  Furthermore, DBRS notes
that Fiat's liquidity position on a stand-alone basis remains
quite sound, with total liquidity of the industrial operations as
of June 30, 2014, amounting to 10.8 billion, (consisting of 8.7
billion in cash balances and 2.1 billion in available (undrawn)
committed credit lines).  DBRS also notes that Chrysler's
liquidity position is reasonably solid and would currently
represent additional liquidity, with such being considerably
bolstered upon the removal of Chrysler's ring-fencing.


GLIMCHER REALTY: S&P Puts 'BB' CCR on CreditWatch Positive
----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BBB' corporate
credit rating on Washington Prime Group Inc. and its operating
subsidiary Washington Prime Group L.P. and revised the outlook to
negative from stable. "At the same time, we placed our 'BB-'
corporate credit rating on Glimcher Realty Trust and our 'B-'
rating on its preferred stock on CreditWatch with positive
implications," said S&P.

On Sept. 16, 2014, Washington Prime Group Inc. (WPG) announced it
entered into an agreement to acquire Glimcher Realty Trust. Under
the agreement, WPG will pay $14.20 per Glimcher common share,
which represents a 28% premium to Glimcher's 30-day average
closing price. WPG will pay 74% in cash and 26% in stock or
roughly $1.8 billion (net of asset disposition) plus the
assumption of debt and preferred stock totaling about $1.5
billion. The transaction, which is subject to Glimcher shareholder
approval, is expected to close in the first quarter of 2015.

"The outlook on WPG is negative and reflects our view that there
could be risks associated with the integration of a large merger,
particularly as WPG transitions away from Simon's support systems
over to Glimcher's operating and management platform," said
Standard & Poor's credit analyst George Skoufis.  The outlook also
factors in the higher leverage and secured debt that will
result from the proposed transaction. We will need to see WPG
successfully transition over to the new operating platform,
deleverage the balance sheet and remain committed to maintaining a
conservative balance sheet, notably credit metrics near the strong
end of "intermediate".

"We would lower the rating if the integration of the combined
portfolio and transition from Simon's platform over Glimcher's
existing platform faces challenges resulting in weaker-than-
expected operating performance or if the company does not execute
on its intent to reduce debt incurred in the proposed acquisition
and operates with leverage near the high end of "intermediate" for
a prolonged period of time," said S&P.

"We currently view an upgrade as unlikely over the next two years,
as a result of the higher leverage that will result from the
Glimcher acquisition and expectation it will take 12 to 24 months
to achieve pre-transaction credit metrics. Additionally, the
smaller, less competitively positioned portfolio relative to
higher-rated peers limits our view of the business risk profile,"
said S&P.

The CreditWatch placement on Glimcher reflects S&P's expectation
that Washington Prime, a higher-rated entity, will assume the debt
obligations and preferred stock currently outstanding at Glimcher.
S&P expects to resolve the CreditWatch listing and raise its
rating on Glimcher to the same level as Washington Prime
upon the completion of the acquisition.


GUIDED THERAPEUTICS: Offering 45 Million Shares of Common Stock
---------------------------------------------------------------
Guided Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission a Form S-1 registration statement relating to
the offering of up to 45,000,000 shares of its common stock,
consisting of up to [   ]shares of common stock, warrants to
purchase up to [    ] shares of the Company's common stock and
shares of common stock underlying those warrants.

The Company intends to apply any proceeds received in connection
with the offering to increase inventory of LuViva to meet current
demand for the product, expand the Company's international
marketing and sales efforts and continue to seek FDA approval for
LuViva, as well as to repay the bridge loans and to support
general working capital and operations.

The Company's common stock is listed on the OTCQB marketplace
under the symbol "GTHP."  The Company does do not intend to apply
for listing of the warrants on any securities exchange and the
Company does not expect that the warrants will be quoted on the
OTCQB marketplace.  The last reported sale price of the Company's
common stock on the OTCQB on Sept. 8, 2014, was $0.3699 per share.

A copy of the Form S-1 prospectus is available at:

                        http://is.gd/NMvqP6

                    About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

Guided Therapeutics reported a net loss attributable to common
stockholders of $10.39 million on $820,000 of contract and grant
revenue for the year ended Dec. 31, 2013, as compared with a net
loss of $4.35 million on $3.33 million of contract and grant
revenue during the prior year.

UHY LLP, in Sterling Heights, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company's recurring losses from operations and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.

                         Bankruptcy Warning

"The Company's capital-raising efforts are ongoing.  If sufficient
capital cannot be raised by the end of 2014, the Company has plans
to curtail operations by reducing discretionary spending and
staffing levels, and attempting to operate by only pursuing
activities for which it has external financial support and
additional NCI, NHI or other grant funding.  However, there can be
no assurance that such external financial support will be
sufficient to maintain even limited operations or that the Company
will be able to raise additional funds on acceptable terms, or at
all.  In such a case, the Company might be required to enter into
unfavorable agreements or, if that is not possible, be unable to
continue operations, and to the extent practicable, liquidate
and/or file for bankruptcy protection," the Company stated in the
Form 10-Q for the quarter ended March 31, 2014.


HOUSTON REGIONAL: Exclusive Solicitation Period Extended Thru Oct
-----------------------------------------------------------------
The Bankruptcy Court on September 4, 2014, upon request by debtor
Houston Regional Sports Network, L.P., extended the Debtor's
exclusive solicitation period through and including October 6,
2014.

On June 3, 2014, the Debtor filed an emergency motion seeking to
extend the exclusivity periods. On June 4, 2014, the Court
extended the Debtor's exclusive right to file a plan of
reorganization through July 7, 2014 and the right to solicit
acceptances through September 3, 2014.

The Court, at a hearing held on July 2, 2014, further extended the
Debtor's exclusive period to file a plan of reorganization to
August 7, but the Court did not explicitly rule on the extension
of the exclusive period to solicit acceptance. On August 6, the
Debtor filed its Chapter 11 plan of reorganization.

The Debtor filed a motion, in an abundance of caution, to request
an extension of the expiration of the Debtor's exclusive right to
solicit votes on the plan, up to and including October 6. The
reason for this is the disagreement among bankruptcy courts on the
question of whether the 60-day exclusivity period for soliciting
acceptances is automatically extended whenever the exclusive
period for filing a plan is extended. The Court, however, granted
the extension of the period to solicit acceptance.

Houston Regional Sports Network is represented by:

     Charles A. Beckham, Jr., Esq.
     Henry Flores, Esq.
     Christopher L. Castillo, Esq.
     HAYNES AND BOONE, LLP
     1221 McKinney Street, Suite 2100
     Houston, TX 77010
     Tel: (713) 547-2000
     Fax: (713) 547-2600
     E-mail: charles.beckham@haynesboone.com
             henry.flores@haynesboone.com
             christopher.castillo@haynesboone.com

             About Houston Regional Sports Network

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

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

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

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

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

Judge Marvin Isgur presides over the case.

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

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

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


INVISTA BV: S&P Affirms 'BB+' Corp. Credit Rating
-------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on U.S.
chemical producer INVISTA B.V., including the 'BB+' corporate
credit rating. The outlook remains stable.

At the same time, S&P affirmed its 'BBB' issue on the upsized $400
million first-lien revolving credit facility maturing in 2019. The
recovery rating on this debt remains '1', indicating S&P's
expectation for very high (90% to 100%) recovery in the event of a
payment default.

S&P's 'bb' stand-alone credit profile on INVISTA reflects a "weak"
business risk profile and "intermediate" financial risk profile as
defined in our criteria.  There are no modifiers that affect the
rating. "Our corporate credit rating on INVISTA incorporates a
one-notch uplift from its 'bb' stand-alone credit profile [SACP],"
said Standard & Poor's credit analyst Liley Mehta. Our assessment
is that INVISTA is "moderately strategic" to the corporate group
to which it belongs. This group consists of its parent, Koch
Industries Inc., and various Koch Industries affiliates ("Koch").

Given industry cyclicality and raw material cost volatility, S&P
expects earnings and cash flow to continue to fluctuate. But
because of extensive restructuring and the disposal of the less-
profitable PET business since the last industry downturn, S&P does
not expect the company's results to return to past cyclical lows.
S&P considers an average FFO to debt ratio of 30% to 45%
appropriate for the ratings.

In view of industry cyclicality, expected earnings and cash flow
generation, and a potential increase in debt to fund capital
expenditures, S&P regards an upgrade as unlikely during the next
year. However, if the company's capital spending, or debt-
financing associated with it, is significantly lower than we
expect, S&P could assess the financial risk profile more
favorably, resulting in a modest upgrade if FFO to debt exceeded
45% on a sustained basis. S&P could also raise the ratings if
INVISTA receives material equity from Koch to finance these
expenditures, causing it to reassess the financial risk profile
and INVISTA's strategic importance to Koch. Longer term,
successful capital expansion or new product introductions could
enhance the business or financial risk profile, prompting us to
raise the ratings.

S&P could lower the ratings if a severe economic downturn or very
poor industry conditions cause free operating cash flow to be
significantly negative for an extended period, without any
offsetting cash inflows, stressing cash flow/leverage measures
more than S&P expects or significantly eroding liquidity.

While there is some capacity at the existing ratings for an
increase in debt, S&P could lower the ratings if additions to debt
for capital expansion, for example, are so significant that FFO to
debt appears likely to drop and remain below 20%. Although
unlikely given its current assessment of INVISTA's relationship to
its corporate group, a downgrade could also occur if S&P no longer
viewed INVISTA as having any strategic importance to Koch.


ISTAR FINANCIAL: Robert Pitts Owns 5.2% Equity Stake
----------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Robert S. Pitts, Jr., and his affiliates disclosed
that as of Sept. 5, 2014, they beneficially owned 4,457,000 shares
of common stock of iStar Financial Inc. representing 5.2 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/zWr8BK

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

iStar Financial's balance sheet at June 30, 2014, showed $5.47
billion in total assets, $4.21 billion in total liabilities,
$11.43 million in redeemable noncontrolling interests and $1.24
billion in total equity.

iStar Financial incurred a net loss allocable to common
shareholders of $155.76 million in 2013, a net loss allocable to
common shareholders of $272.99 million in 2012, and a net loss
allocable to common shareholders of $62.38 million in 2011.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial Inc.
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to B2 from B3.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


ITUS CORP: Posts $411,000 Net Income in July 31 Quarter
-------------------------------------------------------
ITUS Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $411,001 on $1.18 million of total revenue for the three months
ended July 31, 2014, compared to a net loss of $2.58 million on $0
of total revenue for the same period a year ago.

The Company also reported a net loss of $6.45 million on $2.29
million of total revenue compared to a net loss of $7.15 million
on $0 of total revenue for the same period in 2013.

As of July 31, 2014, the Company had $13.39 million in total
assets, $13.24 million in total liabilities and $149,709 total
shareholders' equity.

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

                        http://is.gd/WWFPQZ

                       About ITUS Corporation

ITUS, formerly known as CopyTele, Inc., develops and acquires
patented technologies for the purposes of patent assertion and
patent monetization. The company currently has 10 patent
portfolios in the areas of Key Based Web Conferencing Encryption,
Encrypted Cellular Communications, E-Paper(R) Electrophoretic
Display, Nano Field Emission Display ("nFED"), Micro Electro
Mechanical Systems Display ("MEMS"), Loyalty Conversion Systems,
J-Channel Window Frame Construction, VPN Multicast Communications,
Internet Telephonic Gateway, and Enhanced Auction Technologies.
Additional information is available at www.ITUScorp.com.

CopyTele incurred a net loss of $10.08 million for the year ended
Oct. 31, 2013, a net loss of $4.25 million for the year ended
Oct. 31, 2012, and a net loss of $7.37 million for the year ended
Oct. 31, 2011.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.


JAC HOLDING: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned JAC Holding Corp. its
'B' corporate credit rating. The outlook is stable.

"At the same time, we assigned the company's proposed $140 million
senior secured notes due 2019 our 'B' issue-level rating, with a
'3' recovery rating. The '3' recovery rating indicates our
expectation for meaningful recovery (50%-70%) for the lenders in
the event of a payment default," said S&P.

The company will use proceeds of the proposed notes issuance to
repay existing credit facilities, pay a one-time distribution to
stockholders, and pay a bonus to certain members of management.
JAC has been controlled by private equity sponsor Wynnchurch
Capital Ltd. since 2010.

JAC is a supplier of roof rack systems to the highly competitive,
cyclical automotive industry in the U.S. and Europe. Our
assessment of the company's business position reflects the narrow
scope of its product portfolio (its roof-rack product sales make
up about three-fourths of its revenues), although its share of
this niche market in North America is strong at 70%. Still, some
larger competitors such as Magna and Aisin Seiki have ignificantly
more resources available for investment in product design.

Geographic concentration is high, with 90% of sales coming from
North America and the balance from Europe. Some end market
diversity is provided by the sales split between automakers (85%)
and the aftermarket (15%). Customer diversification is moderate;
Toyota and Ford together represent the largest customer
concentration, at about 42% of total sales. Sales in recent years
have benefited from strong consumer demand for sport utility
vehicles, which are often accessorized with racks. Also,
automakers often use roof racks as a styling aspect to
differentiate their vehicles.


KASPER LAND: Court to Hold Hearing on Plan Outline Oct. 3
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas is
set to hold a hearing on Oct. 3 to consider approval of the
disclosure statement outlining the Chapter 11 reorganization plan
of Kasper Land and Cattle Texas, LLC.

The Plan proposes to sell the company's farm land in parcels based
on available water resources to maximize the value and the number
of willing buyers who can more likely afford and finance a portion
rather than all of the property.  Equity Holders can participate
in the sales process.

Under the Plan, Kasper Land's secured creditors will be paid in
full and will receive interest.  This will be accomplished through
the sale of land securing the claims of the secured creditors, and
cash flow from lease payments.

Unsecured claims, if any, will also be paid in full but without
interest 90 days after the company officially exits bankruptcy.
Meanwhile, equity holders will retain their interests in the
company.

                   About Kasper Land and Cattle

Kasper Land and Cattle Texas, LLC, sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Case No. 14-20074) in Amarillo,
Texas, on March 3, 2014.  Bill Kinkead, Esq., at Kinkead Law
Offices, serves as counsel to the Debtor.  The Debtor disclosed
$23,170,640 in assets and $13,420,213 in liabilities as of the
Chapter 11 filing.


MEGA RV: Bankruptcy Watchdog Seeks Dismissal of Case
----------------------------------------------------
The Justice Department's bankruptcy watchdog has filed a motion
seeking to dismiss the Chapter 11 case of Mega RV Corp. or convert
it to a Chapter 7 liquidation.

In a filing with the U.S. Bankruptcy Court for the Central
District of California, the U.S. Trustee for Region 16 cited the
company's failure to pay the agency its quarterly fees as "cause"
for the dismissal or conversion of its case.

The U.S. Trustee claimed it is owed $325 in fees for the second
quarter of this year.

It points out that failure of a company going through bankruptcy
to pay the fees of the U.S trustee overseeing its case constitutes
cause for dismissal or conversion under section 1112(b)(4)(k) of
the Bankruptcy Code.

The court will hold a hearing on Nov. 10 to consider the dismissal
or conversion of Mega RV's case to Chapter 7 liquidation.

                        About Mega RV Corp.

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

The U.S. Trustee for Region 16 on July 3 appointed three creditors
of Mega RV Corp. to serve on the official committee of unsecured
creditors.


MEGA RV: Wants to Hire Brown Rudnick as Litigation Counsel
----------------------------------------------------------
Mega RV Corp. has filed an application seeking court approval to
hire Brown Rudnick LLP as its special litigation counsel.

Brown Rudnick will assist the company in investigating, evaluating
and negotiating resolutions to claims against secured creditor GE
Commercial Distribution Finance Corp.

GE Commercial has allegedly improperly swept funds out of Mega
RV's accounts, resulting in the temporary closure of the company's
operations, according to court filings.

Professionals in the Orange County office of Brown Rudnick are the
ones expected to provide services to the company.  The firm,
however, will tap the services of lawyers and paralegals in its
other offices.

Brown Rudnick's billing rates for partners in its Orange County
office range from $500 to $700 per hour while the rates for
associates range from $305 to $445 per hour.  Meanwhile, the
paralegal's hourly rate is $185.  The firm will also receive
reimbursement for work-related expenses.

The firm does not have any connection with the company and its
creditors, and is a "disinterested person" under Section 101(14)
of the Bankruptcy Code, according to a declaration by Joel
Miliban, Esq., a partner at Brown Rudnick.

                        About Mega RV Corp.

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

The U.S. Trustee for Region 16 on July 3 appointed three creditors
of Mega RV Corp. to serve on the official committee of unsecured
creditors.


MEGA RV: Court Sets Nov. 14 Deadline for Filing Claims
------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
has set a Nov. 14 deadline for creditors of Mega RV Corp. to file
proofs of claim against the company.

For claims of governmental units, proofs of claim must be filed
within 180 days after the date of the "order for relief" in Mega
RV's bankruptcy case, or by Nov. 14, whichever is later.

Creditors holding claims that stemmed from the rejection of
executory contracts and leases or from the avoidance of a transfer
under Chapter 5 are required to file proofs of claim by Nov. 14 or
within 30 days after entry of a court order authorizing the
rejection or avoiding the transfer, whichever is later.

                        About Mega RV Corp.

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

The U.S. Trustee for Region 16 on July 3 appointed three creditors
of Mega RV Corp. to serve on the official committee of unsecured
creditors.


MONROE HOSPITAL: Court Won't Appoint Patient Care Ombudsman
-----------------------------------------------------------
The Bankruptcy Court on September 3, 2014, after hearing, granted
the motion of debtor Monroe Hospital, LLC, that a patient care
ombudsman should not be appointed in the Debtor's chapter 11 case.

On August 29, 2014, the Debtor filed before the court a motion
that a patient care ombudsman should not be appointed. The Debtor
believes that the appointment of a patient care ombudsman is not
necessary because patient care was not a contributing factor to
the filing of the chapter 11 case and the Debtor is already
subjected to monitoring by the State of Indiana, Department of
Health. Moreover, the Debtor has always provided excellent care to
its patients and the expenses for a patient care ombudsman would
be unnecessary and vexatious.

Bankruptcy courts have waived the appointment of a patient care
ombudsman where the debtor can demonstrate that the bankruptcy
proceedings will have no negative impact on patient care, that the
healthcare facility is already satisfactorily monitored by
government bodies, or when appointing an ombudsman would be
redundant.

Monroe Hospital is represented by:

     Thomas C. Scherer, Esq.
     Whitney Mosby, Esq.
     BINGHAM GREENEBAUM DOLL LLP
     2700 Market Tower
     10 West Market Street
     Indianapolis, IN 46204
     Telephone: (859) 233-2012
     Facsimile: (859) 259-0649
     E-mail: tscherer@bgdlegal.com
             wmosby@bgdlegal.com

          - and -

     James R. Irving, Esq.
     BINGHAM GREENEBAUM DOLL LLP
     3500 National City Tower
     101 South Fifth Street
     Louisville, KY 40202
     Telephone: (502) 587-3606
     Facsimile: (502) 540-2215
     E-mail: jirving@bgdlegal.com

                        About Monroe Hospital

Monroe Hospital, LLC, since 2006, has operated a 32 licensed bed
private acute care medical surgical hospital in Bloomington,
Indiana.  It leases the land on which the hospital is located from
MPT Bloomington, LLC.

Due to insufficient cash flow as a result of low patient census
and high expenses, the Debtor failed to meet its prepetition
expenses. Thus, it defaulted under the terms of the Lease
Agreement.

Monroe Hospital, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Ind. Case No. 14-07417) in Indianapolis, Indiana, on
Aug. 8, 2014.  Joseph Roche signed the petition as president and
chief executive officer.  The Debtor estimated assets of at least
$10 million and $100 million to $500 million in liabilities.

The case is assigned to Judge James M. Carr. The Debtor is
represented by attorneys at Bingham Greenebaum Doll
LLP.  Upshot Services LLC acts as the Debtor's noticing, claims
and balloting agent.


MVB HOLDING: Margaritaville Casino Owner Enters Chapter 11
----------------------------------------------------------
MVB Holding, LLC, , which operated the recently shuttered
Margaritaville casino in Biloxi, Miss., filed a Chapter 11
bankruptcy petition (Bankr. S.D. Miss. Case No. 14-51430) on
Sept. 16, 2014.

Jacqueline Palank, writing for Daily Bankruptcy Review, reported
that MVB, operator of the Mississippi casino that is part of
singer Jimmy Buffett's Margaritaville empire, has sought
bankruptcy protection in the midst of a legal battle with its
landlord.  According to the report, MVB made the move to file
bankruptcy to halt a legal dispute over its lease.  The casino was
due in state court on the landlord's request to collect millions
of dollars in rent and real-estate taxes, but the filing put the
litigation on hold and canceled the hearing, the report related.

MVB, a corporation, estimated $10 million to $50 million in assets
and debt.

According to the docket, the Debtor's schedules of assets and
liabilities and statement of financial affairs are due by
Sept. 30, 2014.

The Chapter 11 plan and disclosure statement are due by Jan. 14,
2015.

The Debtor is represented by Robert Alan Byrd, in Biloxi,
Mississippi.

Judge Katharine M. Samson is assigned to the case.


MVB HOLDING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: MVB Holding, LLC
        160 5th Street
        Biloxi, MS 39530

Case No.: 14-51430

Chapter 11 Petition Date: September 16, 2014

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Gulfport-6 Divisional Office)

Judge: Hon. Katharine M. Samson

Debtor's Counsel: Robert Alan Byrd, Esq.
                  BYRD & WISER
                  P.O. Box 1939
                  Biloxi, MS 39533
                  Tel: 228 432-8123
                  Fax: 228 432-7029
                  Email: rab@byrdwiser.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Doug Shipley, president/CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Roy Anderson Corporation             Notes Payable     $1,376,152
PO Box 2
Gulfport, MS 39502

Bally Gaming                            Trade Debt       $423,295
6601 South Bermuda Road
Las Vegas, NV 89119-3605

Sysco Food Service*                     Trade Debt       $315,432
P.O. BOX 10950
Jefferson, LA 70181-0950

Butler, Snow, O'Mara, Et Al.              Services       $257,002
P.O. BOX 6010
Ridgeland, MS 39158

Gremillion & POU Inc.                  Advertising       $219,805

Bally Gaming, Inc.                      Trade Debt       $218,939

WMS Gaming Inc                          Trade Debt       $199,719

WMS Gaming Inc. Corporate Receipts      Trade Debt       $196,369

The Lamar Company, LLC                 Advertising       $188,101

ACL, LLC                                Trade Debt       $165,000

IGT - Eastern Operating                 Trade Debt       $141,572

Aristocrat                              Trade Debt       $120,669

Reinhart Foodservice                    Trade Debt       $119,946

IGT-MS MegaJackpot                      Trade Debt       $100,642

PDS Gaming Corporation                Note Payable       $100,000

Reinhart Food Service Louisiana         Trade Debt        $79,915

Multimedia Games, Inc.                  Trade Debt        $65,462

Multimedia Games, Inc                   Trade Debt        $65,462

McGladrey LLP. INC                        Services        $64,621

Margaritaville Enterprises              Trade Debt        $56,624


NET ELEMENT: Eliminates More Than $15 Million of Debt
-----------------------------------------------------
Net Element, Inc., disclosed that it had entered into a debt
exchange agreement with Crede CG III, Ltd., a wholly owned
subsidiary of Crede Capital Group, LLC, under which the Company
immediately eliminated $15,876,860 of indebtedness under certain
promissory notes, which will be reflected in Net Element's
quarterly financial results for the period ending Sept. 30, 2014.
Crede paid more than $15 million to the Company's note holders to
acquire those promissory notes.  After acquiring the promissory
notes, Crede exchanged them for Company common stock.

"In addition to saving on the financing expenses associated with
holding high-interest loans, we have freed up a significant amount
of cash flow and strengthened our balance sheet by replacing debt
with equity.  The increased financial flexibility provided by this
transaction positions us to take advantage of growth opportunities
and partnerships in promising areas such as mobile payments," said
Oleg Firer, CEO of Net Element.

In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Crede CG III, Ltd., and its affiliates disclosed that
as of Sept. 15, 2014, they beneficially owned 3,904,761 shares of
common stock of Net Element representing 8.93 percent of the
shares outstanding.  A copy of the regulatory fiing is available
for free at http://is.gd/dtpHbs

                         About Net Element

Miami, Fla.-based Net Element International, Inc. (formerly Net
Element, Inc.,) currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $48.31 million in 2013, as
compared with a net loss of $16.38 million in 2012.  As of
Dec. 31, 2013, the Company had $22.50 million in total assets,
$37.91 million in total liabilities and a $15.40 million total
stockholders' deficit.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NUVILEX INC: Has $1.6 Million Net Loss in July 31 Quarter
---------------------------------------------------------
Nuvilex, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.58 million on $0 of product sales for the three months ended
July 31, 2014, compared to a net loss of $4.66 million on $0 of
product sales for the same period in 2013.

The Company's balance sheet at July 31, 2014, showed $8.19 million
in total assets, $371,386 in total liabilities and $7.82 million
in total stockholders' equity.

"The Company requires substantial additional capital to finance
its planned business operations and expects to incur operating
losses in future periods due to the expenses related to the
Company's core businesses.  The Company has not realized material
revenue since it commenced doing business in the biotechnology
sector, and it is not without doubt that it will be successful in
generating revenues in the future in this sector.  The Company
believes that cash and cash equivalents as of July 31, 2014 are
sufficient to fund its operations through the end of July 31,
2015."

"If the Company is not able to raise substantial additional
capital in a timely manner, the Company may not be able to
complete its required preclinical studies and clinical trials and
may be forced to cease operations," the Company stated in the
Quarterly Report.

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

                       http://is.gd/yJmOTq

                        About Nuvilex Inc.

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

Nuvilex incurred a net loss of $1.59 million on $12,160 of product
sales for the 12 months ended April 30, 2013, as compared with a
net loss of $1.89 million on $66,558 of total revenue during the
prior year.

Robison, Hill & Co., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended April 30, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
which raises substantial doubt about its ability to continue as a
going concern.


PLY GEM HOLDINGS: Unit Selling $150 Million Senior Notes Due 2022
-----------------------------------------------------------------
Ply Gem Industries, Inc., a wholly-owned subsidiary of Ply Gem
Holdings, Inc., commenced an offering of $150 million aggregate
principal amount of its 6.50% senior notes due 2022, subject to
market and other conditions, according to a regulatory filing with
the U.S. Securities and Exchange Commission.  The New Notes will
be issued under the same indenture that governs the Company's $500
million aggregate principal amount of 6.50% senior notes due 2022
that were issued on Jan. 30, 2014.

The Company intends to use the net proceeds from the New Notes and
cash on hand to fund the Company's purchase of all the issued and
outstanding shares of common stock of Fortune Brands Windows,
Inc., for a purchase price of $130 million, to pay fees and
expenses in connection with the offering of the New Notes and the
Simonton Acquisition and, with respect to any remaining amounts,
for general corporate purposes, including the repayment of
indebtedness under the Company's senior secured asset-based
revolving credit facility.

The Company is also reaffirming its guidance provided in August
2014 that it expects adjusted EBITDA for the third quarter of 2014
to be in the range of $50 million to $55 million based on the U.S.
housing market and repair and remodeling market.  The Company
maintains this guidance is not a guarantee of future performance
and involves certain risks and uncertainties which are difficult
to predict.

                           About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

Ply Gem Holdings reported a net loss of $79.52 million in 2013, a
net loss of $39.05 million in 2012 and a net loss of $84.50
million in 2011.  The Company's balance sheet at June 28, 2014,
showed $1.09 billion in total assets, $1.18 billion in total
liabilities and a $91.43 million total stockholders' deficit.

                           *     *     *

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree at that time.


PRIME TIME INT'L: Wants Exclusivity Moved to Dec. to Pursue Sale
----------------------------------------------------------------
Prime Time International Company and its debtor affiliates ask the
Bankruptcy Court to extend their exclusive plan filing period
through and including December 15, 2014, and the exclusive
solicitation period through and including February 16, 2015.

The case started when the Debtors, on March 15, 2014, filed
voluntary petitions under Chapter 11 of the Bankruptcy Code. On
May 6, 214, the D.C. Circuit Court of Appeals heard arguments in
the Debtors' appeal relating to the improper calculation of
assessments by the U.S. Department of Agriculture.  On June 10,
2014, the D.C. Court of Appeals affirmed a judgment of the
District Court in favor of the USDA in the assessment litigation.

The Debtors have engaged their professionals to begin developing
the framework of a plan of reorganization, including a market
exploration process which will serve as a foundation for its exit
strategy. Its market exploration process is very active and they
are currently soliciting offers from investors and buyers. The
Debtors see a successful marketing process and negotiations for
the exit strategy.

The Debtors had a successful business operation with over $37
million in sales in 2013. They employ over 76 people. The company
has succeeded in stabilizing its operation since filing and
retaining its existing distributors. The Debtors successfully
stabilized its operations and are experiencing a very active
market solicitation process. The stability of the process is key
to a successful conclusion of the process for all of the Debtor's
constituents.

The Debtors' exclusive filing period is set to expire on September
26, 2014 and their period to solicit acceptances is until November
25, 2014. Thus, in order to provide a stable environment for the
Debtor's business operations and complete market exploration, the
Debtors request that the exclusivity periods be extended.

Prime Time International Company is represented by:

     GREENBERG TRAURIG, LLP
     David D. Cleary, AZ SBN 011826
     2375 East Camelback Road, Suite 700
     Phoenix, AZ 85016
     Telephone: 602-445-8000
     Facsimile: 602-445-8100
     E-mail: clearyd@gtlaw.com

                  About Prime Time International

Prime Time International Company, formerly known as Single Stick
Inc., manufactures and distributes cigarettes and little cigars.
PTIC has two wholly-owned subsidiaries: USA Tobacco, which
distributes PTIC's products, and 21st Century Brands, LLC, which
distributes non-tobacco consumer products.

Annual sales are $40 million and the company's products are in
100,000 convenience stores in North America.  The company has
direct accounts with each of the top 25 largest convenience store
distributors in the United States.

Prime Time and its two subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Lead Case No. 14-03518) in Phoenix on
March 15, 2014.

The Debtors have tapped Greenberg Traurig as attorneys, Odyssey
Capital Group, LLC, as financial advisors, and Schian Walker,
P.L.C., as conflicts counsel.

The Debtors disclosed $26.78 million in total assets and
$23.37 million in total liabilities as of Jan. 31, 2014.


RADIOSHACK CORP: AlixPartners Managing Director Named Interim CFO
-----------------------------------------------------------------
John Feray resigned as the chief financial officer of the
RadioShack Corporation on Sept. 12, 2014.

AP Services, LLC, an affiliate of AlixPartners, LLP, provides
various consulting services to RadioShack.  In connection with the
consulting arrangement, the Board of Directors of RadioShack
appointed Holly Felder Etlin as interim chief financial officer.

Ms. Etlin, age 57, is a managing director of AlixPartners and has
worked in consulting for over 30 years, eight of which have been
with AlixPartners.  Ms. Etlin's services to RadioShack are billed
by AP Services, LLC.  She is not separately compensated by
RadioShack for serving as interim chief financial officer.

                   About Radioshack Corporation

RadioShack (NYSE: RSH) -- http://www.radioshackcorporation.com--
is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139.4 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities and a
$63 million total shareholders' deficit.

                           *     *     *

As reported by the TCR on Sept. 15, 2014, Standard & Poor's
Ratings Services lowered its corporate credit rating on Fort
Worth, Texas-based RadioShack Corp. to 'CCC-' from 'CCC'.

"The downgrade comes as the company announced it will seek
capital, and that such a transaction could include a debt
restructuring in addition to store closures and other measures,"
said Standard & Poor's credit analyst Charles Pinson-Rose.

In the Sept. 16, 2014, edition of the TCR, the TCR reported that
Fitch Ratings had downgraded the Long-term Issuer Default Rating
(IDR) for RadioShack Corporation (RadioShack) to 'C' from 'CC'.
The downgrade reflects the high likelihood that RadioShack will
need to restructure its debt in the next couple of months.

The TCR reported on March 13, 2014, that Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa2 from Caa1.  "The continuing negative trend in RadioShack's
sales and margins has resulted in a precipitous drop in
profitability causing continued deterioration in credit metrics
and liquidity," Mickey Chadha, Senior Analyst at Moody's said.


REPWEST INSURANCE: A.M. Best Affirms 'B' Finc'l. Strength Rating
----------------------------------------------------------------
A.M. Best Co. has affirmed the financial strength rating of B
(Fair) and the issuer credit rating of "bb+" of Repwest Insurance
Company (Repwest) (Phoenix, AZ).  The outlook for both ratings is
stable.  Repwest is a wholly owned subsidiary of AMERCO (Reno, NV)
[NASDAQ: UHAL], a publicly traded holding company.  AMERCO also is
the parent of U-Haul International, Inc (U-Haul).

The ratings of Repwest reflect the effect of adverse loss reserve
development associated with the company's discontinued excess
workers' compensation business on the company's calendar-year
underwriting results, particularly in 2011.  The most recent
accident years are showing favorable results, however, the
substantial reserve strengthening in 2011 related to the excess
workers' compensation business resulted in a significant reduction
in risk-adjusted capitalization and deterioration in results in
that year.  Further impacting the results is Repwest's
historically high cost structure.

These negative rating factors are partially offset by Repwest's
supportive level of risk-adjusted capitalization and significantly
improved financial results in 2012, 2013 and early 2014.  In 2012,
net income of approximately $17 million was generated, and in 2013
$18 million, resulting in greatly improved operating return
measures for both years.  The stable outlook acknowledges A.M.
Best's expectation that Repwest will continue to maintain its
supportive level of risk-adjusted capital.

Future positive rating movement could result from a continued
demonstration of favorable underwriting results and stabilization
of reserves related to the excess workers' compensation book.
Negative rating actions could result if there is deterioration in
Repwest's underwriting performance or a significant decline in its
capital strength as measured by Best's Capital Adequacy Ratio
(BCAR).


RIVERWALK JACKSONVILLE: Sabadell Balks at Exclusivity Extension
---------------------------------------------------------------
Sabadell United Bank, N.A., opposed to Riverwalk Jacksonville
Development, LLC's motion for extension of plan exclusivity
period.

According to Sabadell, the motion does not reflect that the Debtor
has made any progress negotiating with its creditors, and no
concrete proposals have been made to resolve the debt owed to
Sabadell.  It adds that there is also no mention of any progress
in resolving the dispute with the tenant on the mortgaged property
even though that dispute has been ongoing for at least a year
before the commencement of the case.

The Debtor's effort to reach a global development plan for all of
the properties presents no unusual circumstance to warrant
extending the exclusivity period until Dec. 31, 2014, Sabadell
argues.

As of the Petition Date, the Debtor was indebted to Sabadell in
the amount of $3,877,734 under a promissory note secured by a
mortgage on two parcels of the Debtor's real property and an
assignment of rents.

As reported TCR on Sept. 10, 2014, the Debtor is seeking an
extension of the exclusivity period to file a plan of
reorganization until Dec. 31, 2014.  The Debtor, likewise, is
seeking additional 60 days from the exclusivity period to solicit
acceptance of the plan.

In the extension motion, the Debtor explained that the filing of
the chapter 11 case was necessary in order to avoid forfeiture of
substantial equity to mortgagee Sabadell and to preserve the
ability to continue to negotiate various alternative development
projects.  The economic recession over several years, the
substantially undervalued 1980 ground lease, and the reduced
occupancy rates hampered the debtor to proceed with contemplated
development activity, hence, the filing of a chapter 11 case.

             About Riverwalk Jacksonville Development

Riverwalk Jacksonville Development, LLC, owns four parcel of real
property located in areas surrounding the Wyndham Hotel and
Convention Center. The properties comprise approximately 10.4
acres and constitute prime downtown commercial space. The
occupants of the area are a Chart House restaurant, various office
building and parking amenities.

Three of the four properties are encumbered to Sabadell and U.S.
Century Bank. There is, in fact, substantial equity in all of the
properties.

Riverwalk Jacksonville Development filed a Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 14-19672) on April 28, 2014, in Miami.
Stevan J. Pardo signed the petition as managing member.  The
Debtor estimated assets of at least $10 million and debts of at
least $1 million.  Geoffrey S. Aaronson, Esq., at Aaronson Schantz
P.A. serves as the Debtor's counsel.  Judge Laurel M Isicoff
oversees the case.


ROCKWOOD SPECIALTIES: S&P Raises Corp. Credit Rating From BB+
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its ratings on Rockwood
Specialties Group Inc., including the corporate credit rating to
'BBB-' from 'BB+'. The outlook is stable. S&P also raised its
rating on the company's $1.2 billion unsecured notes to 'BBB-'
from 'BB+'. At the same time, S&P withdrew the '3' recovery
rating on the unsecured notes because the debt is now investment-
grade.

"The upgrade reflects our view that the company's financial risk
profile will strengthen given the increased likelihood that it
will execute successfully its approximately $1.3 billion sale of
TiO2 and other allied businesses," said Standard & Poor's credit
analyst Paul Kurias. The company announced recently that a key
regulatory approval was obtained (on a conditional basis) for the
sale. Pro forma for the sale, we expect credit metrics to improve
to levels consistent with a "modest" financial risk profile, after
netting of estimated surplus cash balances against debt. This
includes a funds from operations (FFO) to total debt ratio that
stabilizes in the 45% to 60% range, though the ratio could be
stronger for brief periods. However, our view of the company's
financial policy constrains the expected improvement to financial
risk profile, and limits the potential improvement to credit
quality, resulting in a one-notch upgrade. Our assessment of the
business risk profile as "satisfactory" and the financial risk
profile as "modest" results in a 'bbb+' anchor score. We lower our
assessment by two notches, based on our financial policy
assessment, to arrive at a 'BBB-' corporate credit rating. We
factored into our financial policy assessment the company's recent
history of meaningful investments in new businesses, and
announcements for shareholder rewards," said S&P.

The stable outlook reflects S&P's expectation that the company's
financial metrics will remain appropriate for the rating. S&P
expects the ration of FFO to total debt (net of surplus cash) to
be in the 45% to 60% range, without meaningful growth initiatives
or shareholder rewards though the ratio could be stronger than
this range for brief periods. S&P's outlook also considers the
potential impact on credit quality if the acquisition by
Albermarle goes ahead as proposed. In such a scenario, S&P expects
the combined entity to be rated 'BBB-'.

"We would consider a downgrade if growth initiatives or
shareholder rewards brought the ratio of FFO to total debt below
30% with no immediate prospect for improvement. At this level, the
company will have eroded cushions in our base-case expectations
for the negative impact of financial policy. We would also
consider a downgrade if liquidity weakened unexpectedly, or if the
company decided to sell any of its existing business. Such a sale
could cause us to reassess the company's business risk profile
with potential negative consequences for the rating, though we
would also consider how the company decided to utilize sales
proceeds in our overall assessment of credit quality," said S&P.

"We consider an upgrade unlikely at this time regardless of the
outcome of the Albermarle's proposed acquisition of Rockwood. An
upgrade could result from an unexpected revision in the funding
plan for Albermarle's acquisition of the company, which could
cause the combined entity to be rated higher than 'BBB-';
or if the acquisition does not go ahead, from an unanticipated
change in financial policy at Rockwood so that the company
demonstrates support for its improved credit metrics over time,"
S&P added.


RVOS FARM: A.M. Best Withdraws Financial Strength Rating
--------------------------------------------------------
A.M. Best Co. downgraded the financial strength rating to C++
(Marginal) from B (Fair) and the issuer credit ratings to "b" from
"bb" of RVOS Farm Mutual Insurance Group's (RVOS Group) members:
RVOS Farm Mutual Insurance Company and Priority One Insurance
Company in a Sept. 4, 2014 ratings release. The outlook for all
ratings remains negative.  All companies are domiciled in Temple,
TX.

The rating downgrades reflected the continued deterioration in
RVOS Group's risk-adjusted capitalization and operating
performance, due primarily to increased underwriting losses in
recent years.  As a single-state property writer in Texas, RVOS
Group's underwriting performance has been susceptible to frequent
and severe weather-related events along with risk of fire-related
losses.  This was evidenced over the past five years by sizable
underwriting losses, which have continued into the first half of
2014.  Through the first six months of 2014, the group has been
impacted by seven weather-related events totaling nearly $12
million in gross and net losses.  The ratings also reflected RVOS
Group's elevated underwriting measures, which are primarily due to
its historically volatile policyholders' surplus levels, while net
premiums written continues to increase mainly as a result of rate
increases.

RVOS Group's management has on-going initiatives to improve its
overall financial results.  The underwriting corrective actions
include aggressive rate increases, stricter underwriting
guidelines, frequent inspections, expense reductions, reviews of
geographic concentrations and new technology initiatives with
deeper pricing segmentation.  In addition, RVOS Group's other
income and net investment income have been positive and continue
to partially offset its unfavorable underwriting performance.
RVOS Group benefits from its long-standing market presence and
strong agency relationships.

A.M. Best has maintained the negative outlook on the ratings.  The
ratings may be downgraded further if RVOS Group has a continuation
of adverse operating results and declining risk-adjusted
capitalization.  Removal of the negative outlook is contingent
upon RVOS Group's ability to reverse its adverse operating
performance and improve its overall risk-adjusted capitalization.

Subsequently, in a Sept. 9, 2014 ratings release, A.M. Best Co.
withdrew the financial strength rating (FSR) of C++ (Marginal) and
the issuer credit ratings (ICR) of "b" of RVOS Farm Mutual
Insurance Group's (RVOS Group) members, RVOS Farm Mutual Insurance
Company and Priority One Insurance Company, due to management's
request to no longer participate in A.M. Best's interactive rating
process.


RYNARD PROPERTIES: Gets 60-Day Extension of Exclusive Periods
-------------------------------------------------------------
Bankruptcy Judge Jennie D. Latta extended by 60 days from July 30,
2014, Rynard Properties Ridgecrest, LP's exclusive periods to file
a Chapter 11 Plan and Disclosure Statement, and to obtain
acceptances for that Plan.

The extension was conditioned upon the Debtor's filing of the June
2014 operating report by no later than Aug. 1, 2014.  According to
the case docket, the Debtor filed on Aug. 1, a report of
operations for filing period June 2014.

As reported in the TCR on July 23, 2014, the Debtor in seeking the
extension explained that it is in negotiations with two separate
lenders to obtain the funds to refinance the apartment complex and
remove Fannie Mae as its secured lender on its collateral.  The
Debtor believes they can close within 60 days and may not have
need for further reorganization or, with the refinancing, will
have the ability to file a viable Chapter 11 Plan.

                   Fannie Mae's Limited Objection

Fannie Mae, in its limited response to the Debtor's motion,
requested that any extension be conditioned upon the Debtor being
ordered by the Court to (i) file the past due operating reports
within two business days of the hearing or such other time as the
Court deems appropriate; and (ii) that the Debtor file the July
report by no later than Aug. 15, 2014 and future month's reports
by no later than the 15th of the following month as provided by
the U.S. Trustee's Operating Guidelines for Chapter 11 Debtors.

Fannie Mae is Debtor's primary lender to whom Debtor is indebted
in the approximate amount of $6,000,000 and which is secured by a
first priority Deed of Trust encumbering the Ridgecrest Apartment
complex operated by Debtor.

                About Rynard Properties Ridgecrest

Rynard Properties Ridgecrest LP is a Tennessee limited
partnership.  Its principal place of business is 2881 Rangeline
Road, Memphis, TN 38127, and the Debtor operates a 256 unit
multifamily apartment complex of Section 8 housing named
Ridgecrest Apartments and currently has TESCO operating the
complex as leasing agent.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D.
Tenn. Case No. 14-22674) on March 13, 2014.  John Bartle signed
the petition as secretary/treasurer of Ridgecrest LLC, general
partner of the Debtor.  In its schedules, the Debtor disclosed
$16,231,959 in total assets and $8,734,000 in total liabilities.
Toni Campbell Parker serves as the Debtor's counsel.  Judge
Jennie D. Latta oversees the case.

The U.S. Trustee for Region 8 has notified the Bankruptcy Court
that it was unable to appoint an official committee of unsecured
creditors.


RYNARD PROPERTIES: Wants Nod on DIP Loan with Paragon National
--------------------------------------------------------------
Rynard Properties Ridgecrest, LP, asks the Bankruptcy Court for
authorization to (i) secure postpetition financing on a
superpriority basis from Paragon National Bank; and (ii) grant
adequate protection.

The Debtor owns a 256 unit multifamily housing facility located at
2881 Rangeline Road in Memphis, Shelby County, Tennessee and is
believed to be worth at least $6 million.  The project is believed
to be encumbered by three prepetition liens -- (i) a deed of trust
in favor of Federal National Mortgage Association; (ii) a
subordinate deed of trust in favor of Tennessee Housing
Development Agency and (iii) a mechanics' and materialmens' lien
in favor of Tie Construction.  FNMA's claim is expected to be no
more than $4,881.542.781; THDA's claim in the amount of $2,947,279
is expected to remain as a subordinate mortgage upon the project;
and Tie's construction lien is estimated to have a value of, at
most, $226,186.38,000.

On Aug. 22, 2014, counsel for the Debtor received a letter from
Paragon Bank/Pathways Lending, to arrange for and extend up to
$6 million in postpetition debtor-in-possession financing to,
among other things, refinance the FNMA indebtedness, to establish
reserves for the debt service and capital improvements at the
project and to provide funding for the payment of the claims of
Tie

One condition of the refinancing is that Lenders be granted a
first priority lien on all assets of the Debtor as necessary to
provide adequate protection which would include the necessity of
the subordination of existing liens on the property.

The Debtor said that it must obtain additional financing to
complete certain capital improvements and repairs at the project.

The terms of the financing include:

   Borrower:                 Rynard Properties Ridgecrest, L.P.

   Lender:                   Paragon National Bank

   Commitment and Purpose:   A senior loan of $6 million to be
                             used to refinance the Project and to
                             establish reserves.

   Interest Rate:            6%

   Term:                     Ten Years

All borrowings under the Postpetition Financing will at all times:

   (a) be entitled to administrative expense claim status in the
Debtor's Bankruptcy case, having priority over all administrative
expenses;

   (b) be secured by a first priority, perfected Lien upon all of
the Debtors' right, title and interest in, to and under all
Collateral that is not otherwise encumbered by a validly perfected
security interest or lien on the Petition Date; and

   (c) be secured by a first priority, senior, priming, perfected
Lien upon all of the Debtor's right, title and interest in, to and
under the all assets, including, without limitation, the pre- and
post-petition collateral held by FNMA, THDA and Tie.

                About Rynard Properties Ridgecrest

Rynard Properties Ridgecrest LP is a Tennessee limited
partnership.  Its principal place of business is 2881 Rangeline
Road, Memphis, TN 38127, and the Debtor operates a 256 unit
multifamily apartment complex of Section 8 housing named
Ridgecrest Apartments and currently has TESCO operating the
complex as leasing agent.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D.
Tenn. Case No. 14-22674) on March 13, 2014.  John Bartle signed
the petition as secretary/treasurer of Ridgecrest LLC, general
partner of the Debtor.  In its schedules, the Debtor disclosed
$16,231,959 in total assets and $8,734,000 in total liabilities.
Toni Campbell Parker serves as the Debtor's counsel.  Judge
Jennie D. Latta oversees the case.

The U.S. Trustee for Region 8 has notified the Bankruptcy Court
that it was unable to appoint an official committee of unsecured
creditors.


SEARS HOLDINGS: CEO Provides Retailer with $400-Mil. Loan
---------------------------------------------------------
Jamie Mason, writing for The Deal, reported that Edward Lampert,
chief executive officer and chairman of Sears Holdings Corp., is
providing the struggling retailer with a $400 million short-term
loan from the affiliates of the hedge fund he controls.  According
to the report, the loan is priced at 5% and is scheduled to mature
on Dec. 31.  The maturity date can be extended to Feb. 28, if the
company hasn't defaulted on the loan and pays a 0.5% extension
fee, the report related.

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members. Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.

                            *    *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year. The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

As reported by the TCR on Sep. 12, 2014, Fitch Ratings has
downgraded its long-term Issuer Default Ratings (IDR) on Sears
Holdings Corporation (Holdings) and its various subsidiary
entities (collectively, Sears) to 'CC' from 'CCC'.


SEARS HOLDINGS: Fitch Says ESL Loan Highlights Liquidity Woes
-------------------------------------------------------------
Sears Holdings Corporation's (Sears) secured short-term loan is a
temporary and short-term fix to a much larger need for liquidity
infusion, given significant cash burn in the business, according
to Fitch Ratings.

On Sept. 15, Sears secured a $400 million secured short-term loan
from entities affiliated with controlling shareholder ESL
Investments, Inc.  The loan, which is being funded in September,
is scheduled to mature on Dec. 31, 2014, which indicates how tight
liquidity is going into the holiday season with the need for
additional capital to fund inventory build-up.

Mr. Edward S. Lampert, Sears' CEO and chairman of the board, is
also the sole stockholder, CEO and director of ESL.  The loan is
guaranteed by Sears and is secured by a first-priority lien on 25
real properties owned by Sears.  Fitch notes that ESL had provided
unsecured commercial paper funding (within the $500 million limit)
to Sears, but has pulled back on that since year-end 2013, with no
CP holdings by ESL at the end of the second quarter.

As long as there is no event of default, the maturity date can be
extended to Feb. 28, 2015, at the discretion of the company upon
the payment of an extension fee equal to 0.5% of the principal
amount.  The loan will have an annual base interest rate of 5%.
Sears is required to pay an upfront fee of 1.75% of the full
principal amount.

Last week, Fitch downgraded Sears' long-term Issuer Default
Ratings to 'CC' from 'CCC', reflecting the magnitude of Sears'
decline in profitability and lack of visibility to turn operations
around, leading to heightened liquidity concerns.  EBITDA is
expected to be negative $1 billion in 2014 (with LTM EBITDA
through Aug. 2, 2014 at negative $860 million) and potentially
worse in 2015, after turning negative $337 million in 2013.

Fitch expects top-line contraction of around 9%-10% in 2014 due to
estimated domestic comparable store sales of negative 1%-negative
2%, loss of Lands' End business (4.3% of 2013 consolidated sales),
and ongoing store closings.  Gross margins are expected to
contract another 200 bps to 22%, on top of the 220 bps contraction
in 2013.  Fitch does not expect any catalysts in the business that
will stem the rate of decline.

Sears needs to generate a minimum EBITDA of $1 billion annually
between 2014 through 2016 to service cash interest expense, capex
and pension plan contributions.  Given Fitch's projections for
EBITDA to be negative $1 billion or worse, cash burn (prior to any
working capital benefit) is expected to be around $2 billion or
higher annually.  In addition, Sears needs an estimated $600
million-$700 million in liquidity to fund seasonal holiday working
capital needs.

Given the significant cash burn in the business, Sears injected $2
billion in liquidity in 2012 and $2.5 billion in 2013 through cuts
in inventory buys, asset sales, real estate transactions and the
issuance of a $1 billion, five-year, first-lien secured loan in
Oct. 2013.  Through first-half 2014, Sears has generated $665
million in proceeds, including a $500 million exit dividend from
the separation of Lands' End and another $164 million from real
estate transactions.

The company's remaining potential sources of liquidity include a
sale of Sears Canada, the issuance of additional second-lien debt,
a further reduction in working capital, and the issuance of real
estate-backed debt.  Sears' 51% interest in Sears Canada is valued
at approximately $765 million (based on market cap as of Aug. 31).
Fitch notes that EBITDA at Sears Canada has declined significantly
as well, with LTM EBITDA loss of $39 million on revenues of $3.5
billion.  The company is also evaluating options to separate its
Sears Auto Center business.

Sears could also issue $760 million in second-lien debt as
permissible under the company's credit facility, though it is
subject to borrowing base requirements.  Given the significant
reduction in inventory over the past three years, the ability to
issue this debt has been constrained over the past three quarters.
Fitch expects that the ability to issue this debt even at holiday
peak inventory levels (with domestic inventory expected to be at
$6.7 billion-$6.9 billion) could be limited as Sears will need to
increase borrowings under the revolver to fund the holiday
merchandise, unless it generates adequate proceeds through asset
sales first.

Fitch expects working capital to be a $400 to $500 million source
of funds this year between ongoing reduction in inventory due to
the contraction in its core businesses, store closings and the
spinoff of Lands' End.

Finally, Sears could issue real estate-backed debt on unencumbered
property.  At year-end 2013, Sears owned 367 full-line Sears
stores, 183 Kmart discount units and 12 Kmart supercenters, all of
which were unencumbered (before adjusting for the 25 properties
now being used to secure the $400 million term loan).  Sears could
seek to do a real estate-backed transaction that could potentially
be in the range of $2.0 billion-$2.5 billion using a similar
approach to valuing the real estate that was used by J.C. Penney
to raise a $2.25 billion term loan in May 2013.  However, the
significant deterioration in Sears' business and the lack of
visibility on a turnaround could limit this option.  This does not
contemplate a series of small real estate transactions that could
also involve landlords assuming some of Kmart's and Sears' leases
in highly productive malls.

Given the high rate of cash burn in the business, should Sears
even be able to execute on a number of these fronts and generate
$4.0 billion-$6 billion in proceeds, these actions would take them
through 2016.  As a result, Fitch expects that the risk of
restructuring will be high over the next 12-24 months.


SEARS HOLDINGS: Obtains $400 Million Loan From Edward Lampert
-------------------------------------------------------------
Sears Holdings Corporation, through Sears, Roebuck and Co., Sears
Development Co., and Kmart Corporation, entities wholly-owned and
controlled, directly or indirectly by the Company, have entered
into a $400 million secured short-term loan with JPP II, LLC, and
JPP, LLC, entities affiliated with ESL Investments, Inc., on
Sept. 15, 2014, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

Mr. Edward S. Lampert, the Company's chief executive officer and
Chairman, is the sole stockholder, chief executive officer and
director of ESL Investments.  The first $200 million of the Loan
was funded at the closing on Sept. 15, and, subject to the
satisfaction of certain post-closing conditions, $200 million will
be funded on Sept. 30, 2014.  The Company expects to use the
proceeds of the Loan for general corporate purposes.

The Loan is scheduled to mature on Dec. 31, 2014, but as long as
there is no event of default, the maturity date can be extended to
Feb. 28, 2015, at the discretion of the Company upon the payment
of an extension fee equal to .5% of the principal amount.  The
Loan will have an annual base interest rate of 5%.  The Borrowers
are required to pay an upfront fee of 1.75% of the full principal
amount.

The Loan is guaranteed by the Company and is secured by a first
priority lien on 25 real properties owned by the Borrowers.  In
certain circumstances, the Lender may exercise its reasonable
determination to substitute one or more of the properties with
substitute properties.  The Loan includes customary
representations and covenants, including with respect to the
condition and maintenance of the real property collateral.

The Loan has customary events of default, including payment
default, failure to comply with covenants, material inaccuracy of
representation or warranty, and bankruptcy or insolvency
proceedings.

                             About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.  As of Aug. 2, 2014, Sears Holdings had $16.43 billion in
total assets, $15.51 billion in total liabilities and $919 million
in total equity.

                            *    *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year. The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEVEN ARTS: Had $7.2 Million Net Loss in March 31 Quarter
---------------------------------------------------------
Seven Arts Entertainment Inc., filed with the U.S. Securities and
Exchange Commission its quarterly reports for the periods ended
Dec. 31, 2013, and March 31, 2014.

For the three moths ended March 31, 2014, the Company reported a
net loss of $7.16 million on $111,458 of total revenue for the
three months ended March 31, 2014, compared to a net loss of $2.44
million on $372,260 of total revenue for the same period in 2013.

The Company reported a net loss of $8.32 million on $240,152 of
total revenue compared with a net loss of $5.60 million on $1.48
million of total revenue for the three months ended March 31,
2013.

For the three months ended Dec. 31, 2013, the Company reported net
income of $461,467 on $12,958 of total revenue compared to a net
loss of $1.79 million on $182,797 of total revenue for the same
period a year ago.

As of March 31, 2014, the Company had $9.45 million in total
assets, $23.85 million in total liabilities, and a $14.39 million
shareholders' deficit.

Copies of the Quarterly Reports are available at:

                        http://is.gd/m4Jp6I
                        http://is.gd/KM48ma

Seven Arts Entertainment disclosed the following material items
with the SEC:

(A) IPTerra Acquisition

The Company has closed the acquisition of all capital stock of
iPTerra Technologies Inc. and all membership interests in
Aeronetworks LLC from Sanwire Corporation pursuant to the Stock
Purchase Agreement dated July 17, 2014, by issuance of 30,000
shares of its Series D Preferred Stock $100 par value, or
$3,000,000 convertible at a price equal to 100% of the volume
weighted average price of the Company's Common Stock for the 10
trading days prior to conversion.

The Closing occurred on Aug. 22, 2014, but was subject to a
condition subsequent as set forth in the Stock Purchase Agreement,
requiring the execution of a Loan Workout Agreement between inter
alia Palm Finance Corp. and the Company, which was not executed
until Aug. 29, 2014.

At the Closing, all members of the Board of Directors of the
Company except Anthony Hickox have resigned and Mr. Richard
Bjorklund and Mr. Robert Riggs have been appointed to the Board.

Pursuant to the Closing, Ms. Katrin Hoffman resigned as acting
chief executive officer and Mr. Richard Bjorklund was appointed as
President and Chief Executive Officer of the Company.  Ms. Candace
Wernick resigned as chief financial officer and Mr. Robert LaSalle
was appointed as chief financial officer.

(B)

Pursuant to the Loan Workout Agreement, Palm relieved the Company
of all indebtedness to it.  The Company and certain companies
controlled by Susan Hoffman, Peter Hoffman's wife, transferred to
Palm all their interests in the real property located at 807
Esplanade Avenue in New Orleans, and all United States and
Louisiana historic rehabilitation tax credits and Louisiana film
infrastructure tax credits associated with that property.  The
Company waived any further claims for service fees or interest
related to such tax credits.  The Company also transferred all its
interests in any and all completed motion picture and motion
picture projects in development to Palm, subject to the grant of
all distribution rights to Seven Arts Filmed Entertainment
Louisiana LLC, a subsidiary of the Company, pursuant to a Multi-
Picture Distribution Agreement between the Company and SAFELA
dated Oct. 1, 2013, amended to required that 60% of SAFELA's gross
revenue from thirteen motion pictures be payable to Palm on a
monthly basis.  Default by SAFELA in such payments will result in
a termination of its distribution rights.  Palm has permitted
SAFELA to continue to develop one motion picture property for
production.  The Distribution Pictures are the only motion
pictures in which SAFELA or the Company has any continuing
interest and are described on Item 9.01.6. SAFELA may seek to
acquire distribution rights in other motion pictures in the future
if it has funds to do so, but has not acquired any such rights for
the last twelve months.  SAFELA will seek to produce television
series and other programming, but has not produced any such
programming to date.

(C) 2013 Meeting Results

The Company held its last stockholders meeting on Dec. 10, 2013,
at which the stockholders:

  (a) elected Anthony Hickox as director who will
      serve until the 2016 annual meeting of stockholders;

  (b) ratified the appointment of The Hall Group, CPA's as the
      Company's independent registered public accounting firm for
      the fiscal year ending June 30, 2013;

  (c) approved an amendment to the Company's Amended Articles of
      Incorporation to increase the number of shares of capital
      stock authorized for issuance from 50,000,000 shares to
      250,000,000 shares;

  (d) approved the compensation of the named executive officer;
      and

  (e) approved shareholder advisory votes on the compensation of
      the Company's named executive officers every one, two or
      three years as determined by the shareholders.

(D)

The Company intends to change its name to "WirelessConnect, Inc."
to reflect its expanded and changed business plan within the next
30 days.

(E)

The Company's cash on hand is less than $25,000. The Company
expects to raise funds to continue its operation and to pay its
liabilities by sale of restricted shares of its Common Stock and
convertible promissory notes.  There is no assurance the Company
can do so.  Management believes that the Loan Workout Agreement
and the Closing will enable it to raise capital by these methods.

(F)

The Company's internal controls over financing reporting were not
fully effective during the fiscal year ended June 30, 2014, and
June 30, 2013, and at present due to a lack of accounting
personnel.  The Company intends to engage additional accounting
personnel when it has the resources to do so.

(G)

The Company will continue to exploit master recordings embodying
the performance of DMX (52) and Bone Thugs-N-Harmony (17) but will
not record, produce or acquire additional master recordings under
the Company's recording agreements with DMX and BTH.

Additional information is available for free at:

                       http://is.gd/HL7s8m

                          About Seven Arts

Los Angeles-based Seven Arts Entertainment, Inc. (OTC QB: SAPX)
was founded in 2002 as an independent motion picture production
and distribution company engaged in the development, acquisition,
financing, production and licensing of theatrical motion pictures
for exhibition in domestic (i.e., the United States and Canada)
and foreign theatrical markets, and for subsequent worldwide
release in other forms of media, including home video and pay and
free television.

The Company reported a net loss of $22.4 million on $1.5 million
of total revenue for the fiscal year ended June 30, 2013, compared
with a net loss of $11.2 million on $4.1 million of total revenue
for the fiscal year ended June 30, 2012.

The Hall Group, CPAs, in Dallas, Texas, expressed substantial
doubt about the Company's ability to continue as a going concern
following the financial results for the year ended June 30, 2013,
citing the Company's recurring losses from operations and net
capital deficiency.


SHELBOURNE NORTH: Expects to Fully Pay $120-Mil. in Claims
----------------------------------------------------------
Shelbourne North Water Street L.P.; and RMW Acquisition Company
LLC, RMW CLP Acquisitions LLC, and RMW Acquisitions II LLC are
proposing a reorganization plan that proposes to pay claims in
full, according to the Second Amended Disclosure Statement.

Specifically, the Disclosure Statement provides that the Debtor
expects to pay in full allowed claims, except claims held by the
Shelbourne affiliates, without interest.  Excluding the claims of
the Shelbourne Affiliates, claims totaling approximately $120
million have been filed against the bankruptcy estate.

Subject to the terms and conditions of the Plan investment
agreement, Atlas Apartment Holdings LLC or its affiliates and the
Tier One Capital Provider will provide funding, which will not in
any event exceed $135,000,000 which will be used to pay:

   i) all amounts necessary to confirm the Plan, including all
amounts required to pay allowed claims as set forth in the Plan
and amount to be held in escrow for disputed claims;

  ii) any origination fee;

iii) all third-party closing costs, expenses of the Debtor,
Atlas, the Tier One Capital provider and certain third parties,
reasonably approved by Atlas and the Tier One Capital Provider,
and (iv) an aggregate $5 million cash payment to Chicago Spire
LLC, Shelbourne Lakeshore, Ltd., and Garrett Kelleher.

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

       http://bankrupt.com/misc/ShelbourneNorth_299_2DS.pdf

                          *     *     *

The ordered the Plan Proponents to file and send out the plan
supplement no later than Sept. 19, 2014.  Plan proponents will
file a ballot report no latter than Oct. 1, 2014.

The Court will convene a hearing on Oct. 7, at 10:30 a.m., to
consider the confirmation of the Plan.  Objections, if any, are
due Sept. 29.

As reported in the Troubled Company Reporter on Sept. 8, 2014,
Bill Rochelle, the bankruptcy columnist for Bloomberg News, and
Sherri Toub, a Bloomberg News writer, reported that the Debtor
obtained tentative approval of the disclosure materials explaining
the Chapter 11 plan.

             About Shelbourne North Water Street L.P.

A group of creditors filed an involuntary Chapter 11 petition
against Chicago, Illinois-based Shelbourne North Water Street L.P.
(Bankr. D. Del. Case No. 13-12652) on Oct. 10, 2013.  The case is
assigned to Judge Kevin J. Carey.

The petitioners are represented by Zachary I Shapiro, Esq., and
Russell C. Silberglied, Esq., at Richards, Layton & Finger, P.A.,
in Wilmington, Delaware.

The Debtor consented on Nov. 8, 2013, to being in Chapter 11
reorganization.

FrankGecker LLP represents the Debtor in its restructuring
effort.


SHELBOURNE NORTH: Court Oks Amendment to Atlas Investment Pact
--------------------------------------------------------------
Shelbourne North Water Street L.P., obtained approval from the
bankruptcy court of a deal for Atlas Apartment Holdings LLC to
provide $135 million to finance the Debtors' reorganization plan.

The bankruptcy court specifically approved the First Amendment to
Second Amended Plan Investment Agreement between the Debtor and
Atlas Apartment Holdings LLC.  A hearing was held Sept. 10, on the
Debtor's motion to (i) approve entry into First Amendment; (ii)
approve incremental break-up fee; and (iii) limit and reduce
notice.

On March 26, 2014, the Court authorized the Debtor to into the
settlement agreement and the PIA, as amended.  Under the
settlement agreement, if the Debtor is unable to timely pay the
RMW claim in full, ownership of the property will transfer to RMW.
Under that scenario, RMW has agreed to pay to the Debtor's
creditors an amount equal to the amount of all scheduled and
allowed non-insider claims timely and actually filed against the
Debtor prior to the Jan. 27, 2014 bar date, which will facilitate
a substantial distribution to non-insider general unsecured
creditors.

Under the PIA amendment, as in the case with the break up fee and
expense reimbursement under the PIA, any claim for the incremental
break up fee will (a) constitute an administrative claim under
Section 503(b) of the Bankruptcy Code; (b) be secured by valid,
enforceable, perfected first priority liens on and security
interests in all of the Debtor's assets that are not subject to
existing liens; and (c) secured by valid, enforceable, perfected,
non-avoidable security interests or liens.

According to the parties, as they have moved toward closing the
transaction contemplated by the PIA, the Debtor has received
additional expressions of interest from third parties wishing to
participate in the Debtor's reorganization.

In addition, the parties have encountered certain delays in their
efforts to close the transaction.  In order to address the
circumstances and provide necessary flexibility to ensure that the
Debtor is able to complete its reorganization, the parties seek to
amend the PIA.

A copy of the Plan Agreement is available for free at

   http://bankrupt.com/misc/ShelbourneNorth_295_PIanAgreement.pdf

             About Shelbourne North Water Street L.P.

A group of creditors filed an involuntary Chapter 11 petition
against Chicago, Illinois-based Shelbourne North Water Street L.P.
(Bankr. D. Del. Case No. 13-12652) on Oct. 10, 2013.  The case is
assigned to Judge Kevin J. Carey.

The petitioners are represented by Zachary I Shapiro, Esq., and
Russell C. Silberglied, Esq., at Richards, Layton & Finger, P.A.,
in Wilmington, Delaware.

The Debtor consented on Nov. 8, 2013, to being in Chapter 11
reorganization.

FrankGecker LLP represents the Debtor in its restructuring
effort.


SHOTWELL LANDFILL: Seeks More Time to File July Monthly Reports
---------------------------------------------------------------
Shotwell Landfill Inc. filed, on September 5, 2014, a motion
seeking to extend the filing of its July 2014 monthly reports. The
Debtors ask the Court to extend the deadline to file the July 2014
monthly reports for seven days, up to and including Friday,
September 12, 2014.

Shotwell Landfill, Inc. is represented by:

     William P. Janvier, Esq.
     Samantha Y. Moore, Esq.
     JANVIER LAW FIRM, PLLC
     1101 Haynes Street, Suite 102
     Raleigh, North Carolina 27604
     Telephone: (919) 582-2323

                  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.


SOLAR POWER: To Purchase Sinsin for $91.7 Million
-------------------------------------------------
Solar Power, Inc., and its wholly-owned indirect subsidiary, SPI
China (HK) Limited, entered into a Share Sale & Purchase Agreement
with Sinsin Europe Solar Asset Limited Partnership and Sinsin
Solar Capital Limited Partnership to purchase all of their
outstanding capital stock of Sinsin Renewable Investment Limited,
a limited liability company registered in Malta.  According to a
regulatory filing with the U.S. Securities and Exchange
Commission, Sinsin Europe Solar Asset owns 99,999 Ordinary "A"
shares and Sinsin Solar Capital owns 1 Ordinary "B" share of
Sinsin representing all of outstanding capital stock of Sinsin
Renewable Investment Limited.

Sinsin is engaged in the development, acquisition, management, or
operation of energy solutions, projects, plants, factories,
warehouses, stores, and facilities dedicated to the production of
alternative energy sources and the facilitation of the
distribution, supply and sale of such alternative energy power,
through a 26.57MW photovoltaic plant in Greece.  Sinsin conducts
its business through four special purpose vehicles registered in
Greece.

The total purchase price for all of the outstanding capital of
Sinsin to be paid by the Company will be EUR70,660,000
(approximately US$91,780,000) to be paid as follows:

  a. 30% of the Purchase Price consisting of cash and
     approximately 38,174,915 shares common stock for an aggregate
     value of US$27,371,414 based on a per share price of US$0.72
     which represented the average per share closing price for the
     20 market trading days immediately prior to the signing of
     the Purchase Agreement will be due at closing anticipated to
     occur on or prior to Sept. 30, 2014;

  b. 5% of the Purchase Price to be paid in cash on or prior to
     Oct. 30, 2014;

  c. 5% of the Purchase Price to be paid in cash on or prior to
     Dec. 30, 2014;

  d. 30% of the Purchase Price to be paid in cash on or prior to
     Nov. 30, 2015; and

  e. 30% of the Purchase Price to be paid in cash on or prior to
     June 20, 2016.

The shares of common stock of the Company to be issued in the
transaction will be subject to a lockup period for three months.
In addition, the capital stock of the four special purpose vehicle
registered in Greece and owned by Sinsin will be subject to a
pledge agreement to be partially released upon the payments of the
Purchase Price in accordance with the Purchase Agreement.

As of the date of the Purchase Agreement, Sinsin Europe Solar
Asset is due EUR64,418,415 from Sinsin.  Pursuant to the Purchase
Agreement, Sinsin Europe Solar Asset acknowledges that the
Purchase Price takes into consideration of the loan to Sinsin and
that payments to Sinsin Europe Solar Asset of the Purchase Price
pursuant to the Purchase Agreement will be credited against the
loan.  If entire Purchase Price is paid, the Sinsin Europe Solar
Asset loan will be deemed settled in full.

In addition, as part of the Purchase Agreement, if either Sinsin
Europe Solar Asset or Sinsin Solar Capital or one of their
respective affiliated entities will invest in photovoltaic plants
with a capacity of over 360MW within three years from the closing
date, then Sinsin Europe Solar Asset or Sinsin Solar Capital, as
the case may be, will appoint the Company as the EPC contractor in
connection with such project provided that the price of the EPC
contract work and the relative terms of payment set by the Company
for the EPC work in question will not be less than the then
current market price/levels for comparable work.

Pursuant to the Purchase Agreement, as part of the Purchase Price,
the Company issued in the aggregate approximately 38,174,915
shares common stock for an aggregate value of US$27,371,414 based
on a per share price of US$0.72 which represented the average per
share closing price for the 20 market trading days immediately
prior to the signing of the Purchase Agreement to Sinsin Europe
Solar Asset Limited Partnership and Sinsin Solar Capital Limited
Partnership, both non-U.S. investors.

A full-text copy of the Share Sale & Purchase Agreement is
available for for free http://is.gd/P4pg3j

                          About Solar Power

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

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

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


SPANISH BROADCASTING: Inks Programming Agreements with IBC
----------------------------------------------------------
Spanish Broadcasting System, Inc., on Sept. 8, 2014, entered into
three agreements, dated as of Sept. 1, 2014, with International
Broadcasting Corp., according to a regulatory filing with the U.S.
Securities and Exchange Commission.

The first agreement is a Television Programming Agreement pursuant
to which, commencing on or about Sept. 15, 2014, IBC will
broadcast Mega TV programming on its television stations WTCV-DT,
Channel 32, San Juan, PR, WVEO-DT, Channel 17, Aguadilla, PR and
WVOZ-DT, Channel 47, Ponce, PR.  The Company will pay IBC $4,500
per month for the right to have them broadcast the Company's
programming, and the Company will have the authority to sell for
the Company's own account all commercial time and retain all
advertising revenues.

The second agreement is a Radio Programming Agreement pursuant to
which, commencing on or about Sept. 15, 2014, the Company's will
broadcast IBC's radio programming on the Company's radio stations
WIOA-FM, San Juan, PR, WIOA-FM1, Ceiba, PR, WIOC-FM, Ponce, PR
and, after Sept. 1, 2015, WZET-FM Hormigueros PR.  IBC will pay
the Company $4,500 per month for the right to have the Company
broadcast their programming and they will have the authority to
sell for their own account all commercial time and retain all
advertising revenue.  In exchange for the Company's retaining the
right to continue programming WZET-FM until Sept. 1, 2015, the
Company will pay IBC a one-time payment of $200,000.  In addition,
for so long as the Company continues to program WZET-FM (the
parties may agree to extend the Company's programming of WZET-FM
beyond Sept. 1, 2015), the Company will pay a principal of IBC
$5,000 per month.

The third agreement is an Option and Asset Swap/Purchase Agreement
pursuant to which IBC has granted the Company an option
exercisable at any time over the next five years, until Aug. 31,
2019, to exchange the Radio Stations plus $1.9 million (if the
option is exercised on or before Sept. 1, 2017, and increased by
1.5% per annum if the option is exercised after Sept. 1, 2017) for
the Television Stations.  Consummation of this last agreement is
subject to the Company obtaining all necessary approvals,
including approvals from the FCC, the Company's lenders, and, if
necessary, the Company's stockholders.  This agreement also
permits the Company to assign our rights under this agreement if
the Company is unable to obtain any necessary consents during the
five year option period.

                     About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
System, Inc. -- http://www.spanishbroadcasting.com/-- owns and
operates 21 radio stations targeting the Hispanic audience.  The
Company also owns and operates Mega TV, a television operation
with over-the-air, cable and satellite distribution and affiliates
throughout the U.S. and Puerto Rico.  Its revenue for the twelve
months ended Sept. 30, 2010, was approximately $140 million.

Spanish Broadcasting reported a net loss of $88.56 million in
2013, as compared with a net loss of $1.28 million in 2012.  As of
June 30, 2014, the Company had $457.17 million in total assets,
$520.86 million in total liabilities and a $63.69 million
total stockholders' deficit.

                           *     *     *

In November 2010, Moody's Investors Service upgraded the corporate
family and probability of default ratings for Spanish Broadcasting
System, Inc., to 'Caa1' from 'Caa3' based on improved free cash
flow prospects due to better than anticipated cost cutting and the
expiration of an unprofitable interest rate swap agreement.
Moody's said Spanish Broadcasting's 'Caa1' corporate family rating
incorporates its weak capital structure, operational pressure in
the still cyclically weak economic climate, generally narrow
growth prospects (though Spanish language is the strongest growth
prospect) given the maturity and competitive pressures in the
radio industry, and the June 2012 maturity of its term loan
magnify this challenge.

As reported by the TCR on May 22, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on U.S. Spanish-
language broadcaster Spanish Broadcasting System Inc. (SBS) to
'CCC+' from 'B-'.  "The downgrade reflects our view that the
company's current capital structure is unsustainable, given its
inability to redeem its preferred stock, which was put to the
company in October of 2013," said Standard & Poor's credit analyst
Chris Valentine.


SPECIALTY PRODUCTS: Asks Court to Establish Claims Bar Dates
------------------------------------------------------------
Specialty Products and its affiliated debtors ask the Bankruptcy
Court to establish a general bar date by which all entities must
file a proof of claim in the Chapter 11 cases, except those which
are otherwise provided.

On May 31, 2010, Bondex and SPHC -- the Initial Debtors --
commenced a reorganization case by filing voluntary petitions for
relief under Chapter 11. On August 31, 2014, Republic together
with NMBFiL -- the New Debtors -- commenced Chapter 11 cases. The
New Debtors are affiliates of the Initial Debtors.

On July 19, 2010, the Initial Debtors filed their respective
schedules of assets and liabilities and statements of financial
affairs pursuant to Bankruptcy Rule 1007. The New Debtors
anticipate filing their schedule of assets and liabilities and
statements of financial affairs on or before September 30, 2014.

On July 26, 2014, the Initial Debtors and RPM International
entered into settlement term sheets pursuant to which the parties
agreed on a consensual plan of reorganization.  That Plan will
provide funding of a trust for the benefit of current and future
asbestos personal injury claimants of the Debtors.

The Committee and the Future claimants file a motion to fix bar
dates to which the Initial Debtors objected to the claimants bar
dates and sought for a bar dates for all claims, including
asbestos personal injury claims.

Notwithstanding the parties' disagreement to the imposition of bar
dates for asbestos personal injury, all parties supported and
continue to support the establishment of bar dates other than the
asbestos personal injury claims. Thus, in order for the Debtors to
complete the reorganization process and make distribution under
any plan of reorganization, the Debtors require complete and
accurate information regarding the nature, validity and amount of
claims that will be asserted in the Chapter 11 case. Thus, the
Debtors asked the Court to establish a general bar date.

New Debtors Republic and NMBFiL and Initial Debtors Bondex and
SPHC are represented by:

     Daniel J. DeFranceschi, Esq.
     Paul N. Heath, Esq.
     Zachary I. Shapiro, Esq.
     William A. Romanowicz, Esq.
     RICHARDS, LAYTON & FINGER
     One Rodney Square
     920 North King Street, P.A.
     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, Texas  75201
     Telephone: (214) 220-3939
     Facsimile: (214) 969-5100

                  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 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.

Republic 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.


T-L CONYERS: Sept. 29 Hearing on Approval of Competing Plans
------------------------------------------------------------
The Bankruptcy Court, according to T-L Cherokee South LLC's case
docket, will convene telephonic conference on Sept. 29, 2014, at
11:00 a.m. to address:

   1) further proceedings on the principal creditor Cole Taylor
Bank's motion for stay relief;

   2) a Rule 3012 procedure; and

   3) Disclosure Statement and Amended Plan filed by T-L Cherokee,
and Plan filed by Cole Taylor Bank.

The docket entry also provides that (i) the parties and the Court
will discuss further proceedings stating that perhaps the best
course is to conduct a Federal Bankruptcy Procedure 3012
proceeding to value the principal creditor's secured claim; and
(ii)to place disclosure statement/plan confirmation proceedings on
hold.

If that course is followed, the parties tentatively agree that
appraisal reports would be exchanged and depositions of experts
would be conducted.  An evidentiary hearing might be conducted in
one day.

As reported in the TCR on July 23, 2014, Cole Taylor requested for
relief from the automatic stay in relation to the plan proposed by
T-L Cherokee South, LLC.  On March 4, 2014, the Court entered an
order terminating the T-L Cherokee's exclusive right to file a
plan of reorganization, thereby permitting Cole Taylor to file its
plan and disclosure statement.

Cole Taylor, as reported in the TCR, filed a proposed plan of
liquidation for T-L Cherokee South on June 3, 2014.  Cole Taylor's
plan provides for the liquidation of all of T-L Cherokee's assets
on a going concern basis.  As a result, the payments proposed by
Cole Taylor to creditors and interest holders under the Plan are
not less than the amounts the creditors and interest holders would
receive or retain if T-L Cherokee were liquidated under Chapter 7
of the Bankruptcy Code.

                        The Debtor's Plan

T-L Cherokee filed on May 13, 2014, a First Amended Joint
Disclosure statement explaining its own Plan.  The plan documents
provide that its operational and profitability problems were
principally due to the general economic problems facing the nation
and the real estate industry over the last several years.

Cole Taylor financed T-L Cherokee's purchase of real property in
2004 through a loan for $5.7 million.  That loan is currently
evidenced by a third amended and restated promissory note dated
Dec. 31, 2010, payable to Cole Taylor in the principal amount of
15 million.

Richard M. Bendix, Jr., Esq., at Dykema Gossett PLLC, in Chicago,
Illinois, related that T-L Cherokee's obligations to Cole Taylor
under the note are secured by a mortgage on the real property, a
security interest in the real property's rents, a security
interest in and lien upon T-L Cherokee's personal property.


Under the terms of the last amendments of the loan, T-L Cherokee's
note matured on March 31, 2014.  As of filing for bankruptcy, Cole
Taylor asserts that T-L Cherokee owes it $14,484,781 under the
note. This amount continues to increase as additional interest and
fees accrue.

                        About T-L Cherokee

T-L Conyers LLC, T-L Cherokee South, LLC, and two affiliates
sought Chapter 11 protection in Hammond, Indiana, on Feb. 1, 2013.

The Debtors are represented by David K. Welch, Esq., at Crane,
Heyman, Simon, Welch & Clar, in Chicago.

The Debtors own various shopping centers in Georgia and Kansas.

T-L Cherokee South (Bankr. N.D. Ind. Case No. 13-20283) estimated
assets and debts of $10 million to $50 million.  T-L Cherokee owns
and operates a commercial shopping center in Overland Park, Kansas
known as "Cherokee South Shopping Center".

The Debtors are entities managed by Westchester, Illinois-based
Tri-Land Properties, Inc., which sought Chapter 11 protection
(Case No. 12-22623) on July 11, 2012.


TALLGRASS BROADCASTING: Case Summary & 14 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Tallgrass Broadcasting, LLC
        210 Park Avenue
        Oklahoma City, OK 73102

Case No.: 14-13868

Chapter 11 Petition Date: September 16, 2014

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Sarah A. Hall

Debtor's Counsel: Larry Glenn Ball, Esq.
                  HALL ESTILL HARDWICK GABLE GOLDEN NELSON, P.C.
                  100 N. Broadway, ste 2900
                  Oklahoma City, OK 73102-8805
                  Tel: (405) 553-2826
                  Email: lball@hallestill.com

                     - and -

                  Jennifer H. Castillo, Esq.
                  HALL ESTILL HARDWICK GABLE GOLDEN NELSON, P.C.
                  Chase Tower
                  100 North Broadway, Suite 2900
                  Oklahoma City, OK 73102
                  Tel: (405) 553-2854
                  Fax: (405) 553-2855
                  Email: jcastillo@hallestill.com

Debtor's          TURNAROUND PROFESSIONALS
Restructuring
Advisors:

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Rhoades, in his capacity as
receiver for Tallgrass Broadcasting, LLC.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/okwb14-13868.pdf


TEMBEC INC: S&P Rates Proposed $375MM Sr. Secured Notes 'B-'
------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' issue-level
rating and '3' recovery rating to Montreal-based Tembec Inc.'s
proposed US$375 million senior secured notes due 2019. The company
expects to use net proceeds primarily to redeem its existing
US$305 million 11.25% senior secured notes due 2018, repay a
portion of the borrowings under its asset-based revolving credit
facility, and pay fees and expenses incurred in connection with
these refinancing transactions.

"We rate the proposed senior secured notes the same as our
corporate credit rating on Tembec. The '3' recovery rating
corresponds with meaningful (50%-70%) recovery in our default
scenario. However, following the US$375 million debt issuance, the
recovery on Tembec's secured notes falls to the low-end of the
range for the '3' recovery rating due to the increase in senior
secured notes outstanding," said S&P.

"We estimate the proposed issuance will increase Tembec's adjusted
debt-to-EBITDA ratio by about half a turn, increasing our forecast
for fiscal 2015 to 5.5x-6.0x," said S&P.

"Despite the higher leverage, our 'B-' long-term corporate credit
rating and stable outlook on Tembec are unchanged, not least
because we expect the company to maintain adequate liquidity over
the next 12 months, consistent with our stable outlook," said
Standard & Poor's credit analyst Jamie Koutsoukis.

The 'B-' corporate credit rating on Tembec reflects S&P's
"vulnerable" business risk and "highly leveraged" financial risk
assessments on the company.

RATINGS LIST

Tembec Inc.
Corporate credit rating      B-/Stable/--

Rating Assigned
Tembec Industries Inc.
US$375 mil. senior secured notes
  due 2019                    B-
Recovery rating              3


THOMAS JEFFERSON SCHOOL: Gets Reprieve After Missed Payment
-----------------------------------------------------------
Jacob Gershman, writing for The Wall Street Journal, reported that
Thomas Jefferson School of Law has disclosed in a financial filing
that it failed to meet its entire debt obligations in June, but
that an agreement with creditors stalls doomsday at least until
Oct. 17, while requiring it to come up with another $2 million.
According to the report, school officials say they're counting on
reaching a restructuring deal with bondholders, who've agreed not
to pursue legal remedies for the time being.


TRIGEANT HOLDINGS: Largest Creditor Wants Relief from Stay
----------------------------------------------------------
BTB Refining, LLC, the first position secured creditor of Trigeant
Holdings, Ltd., requests for the lifting the automatic stay to
permit BTB to continue its action against Holdings and Trigeant,
LLC pending in the Circuit Court for Montgomery County, Maryland,
including obtaining a ruling on pending summary judgment motions
on which the Maryland Court was prepared to rule.

BTB is the largest creditor in the Debtor's case.  It holds a
promissory note against the Debtor's subsidiary Trigeant, Ltd.,
with a past due, defaulted balance of $22,565,194 plus interest,
costs and attorneys' fees.  The Debtor, Holdings, owns 99% of
Trigeant and 100% of TLLC,2 which is the general partner of
Trigeant.

BTB seeks relief to obtain a determination of BTB's entitlement to
exercise its rights under the Pledge Agreement against the assets
pledged by Holdings and TLLC.  In the event the Maryland Action
results in a determination in BTB's favor, BTB further seeks stay
relief to exercise its rights under the Pledge Agreement.

BTB is represented by:

         Charles W. Throckmorton, Esq.
         David L. Rosendorf, Esq.
         KOZYAK TROPIN & THROCKMORTON LLP
         2525 Ponce de Leon, 9th Floor
         Coral Gables, FL 33134
         Tel: (305) 372-1800
         Fax: (305) 372-3508
         E-mail: cwt@kttlaw.com
                 dlr@kttlaw.com

                      About Trigeant Holdings

Trigeant Holdings, Ltd., and Trigeant, LLC, filed separate Chapter
11 bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014.  Berger Singerman LLP
serves as the Debtor's counsel.  Trigeant Holdings estimated both
assets and liabilities of $50 million to $100 million.


TRIGEANT LTD: Files for Ch. 11 with Full-Payment, Sale-Based Plan
-----------------------------------------------------------------
Trigeant Ltd., owner of a crude processing unit and terminal
facility located in Corpus Christi, Texas, sought bankruptcy
protection and simultaneously filed a Chapter 11 plan that
contemplates the sale of all of the assets for $100 million,
enough to allow creditors to recover 100 cents on the dollar.

Trigeant, Ltd., has sought to have its case jointly administered
with the cases of parent Trigeant Holdings, Ltd., and affiliate
Trigeant, LLC (Lead Case No. 14-29027, filed Aug. 25, 2014).

Trigeant Ltd also filed a Joint Plan of Reorganization for the
Debtors.  The Plan is premised on the sale of substantially all of
the Debtors? assets to Gravity Midstream Corpus Christi, LLC, for
$100 million.

Pursuant to the parties' Asset Purchase Agreement and Plan Support
Agreement, all dated Sept. 16, 2014, Gravity Midstream delivered a
$1.5 million deposit, in escrow, and has committed to pay an
additional $8.5 million.  The total $10 million serves as
liquidated damages payable to the Debtors in the event that
Gravity Midstream breaches its obligations.

The proposed counsel, Isaac M. Marcushamer, Esq., at Berger
Singerman LLP, says in a court filing that the consideration to be
received by the Debtors pursuant to the Plan is sufficient to pay,
or reserve for, the full amount of all claims asserted against the
Debtors. Accordingly, the Plan treats all classes of creditors
under the Plan as unimpaired, and each class is deemed to have
accepted the Plan, provided, however, that all objections to
confirmation are preserved.

Trigeant Ltd. disclosed $97,272,603 in total liabilities in its
schedules.

The Plan provides that holders of allowed claims will be paid in
full, in cash. .With respect to Disputed Claims, the Plan provides
that the Debtors shall establish a cash reserve equal to the
amount of the disputed claim, plus interest at the applicable
rate, until such claim becomes an allowed claim.

Because there are no impaired classes under the Plan, the Debtors
are requesting an order declaring that they are not required to
solicit acceptances of the Plan or file and serve a court-approved
disclosure statement.

A copy of the Chapter 11 Plan is available for free at:

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

                        Closing in 3 Months

The Asset Purchase Agreement and Plan Support Agreement permit
Gravity Midstream to terminate the transaction, without penalty,
if the transaction does not close within 85 days of the Petition
Date.

Accordingly, the Debtors propose this schedule in connection with
confirmation of the Plan:

    * A Sept. 22, 2014 deadline for the Debtors to serve the Plan;

    * An Oct. 31 deadline for filing objections to confirmation of
the Plan (10 days prior to confirmation);

    * With respect to discovery, an Oct. 10 deadline to serve any
written discovery, an Oct. 24, deadline for depositions, a
deadline to respond to all written discovery within 14 days from
the date of service, and a notice period for any deposition that's
7 days prior to the deposition.

    * A deadline for filing responses to confirmation objections
that's Nov. 7 (3 days before confirmation);

    * A Nov.6 deadline to file applications for compensation by
estate professionals; and

    * A hearing to consider confirmation and objections to
confirmation on Nov. 12.

                          About Trigeant

Trigeant, Ltd., owner of a crude processing unit and terminal
facility located in Corpus Christi, Texas, sought Chapter 11
protection (Bankr. Case No. 14-30727), on Sept. 16, 2014.

The Debtors have tapped Berger Singerman LLP as counsel.

Aside from the proposed Chapter 11 plan, the Debtors on the
petition date filed motions for joint administration of their
Chapter 11 cases and to pay prepetition wages and benefits to
employees.


TRIGEANT LTD: Files Schedules of Assets and Debt
------------------------------------------------
Trigeant, Ltd., filed its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property              $100,000,000
  B. Personal Property           $46,654,481
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $84,118,760
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $60,155
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $13,093,688
                                 -----------      -----------
        TOTAL                   $146,654,481      $97,272,603

According to the statement of financial affairs, operating income
for 2013 was $80,000.

A copy of the schedules filed together with the bankruptcy
petition is available for free at:

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

                          About Trigeant

Trigeant, Ltd., owner of a crude processing unit and terminal
facility located in Corpus Christi, Texas, sought Chapter 11
protection (Bankr. Case No. 14-30727), on Sept. 16, 2014.

Trigeant, Ltd., has sought to have its case jointly administered
with the cases of parent Trigeant Holdings, Ltd., and affiliate
Trigeant, LLC (Lead Case No. 14-29027, filed Aug. 25, 2014).

Trigeant, Ltd., on the Petition Date filed a Chapter 11 plan that
contemplates the sale of all of the Debtors' assets to Gravity
Midstream Corpus Christi, LLC, for $100 million, enough to pay all
creditors in full.

The Debtors have tapped Berger Singerman LLP as counsel.

Aside from the proposed Chapter 11 plan, Trigeant, Ltd., filed a
motion to pay prepetition wages and benefits to employees.


TRIGEANT LTD: Chapter 11 Case Summary & Top Unsec. Creditors
------------------------------------------------------------
Debtor: Trigeant, Ltd.
        3020 North Military Trail, Suite 100
        Boca Raton, FL 33431

Case No.: 14-30727

Type of Business: Owns a crude processing unit and terminal
                  facility located in Corpus Christi, Texas, along
                  with all related real property interests.

Chapter 11 Petition Date: September 16, 2014

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Jordi Guso, Esq.
                  BERGER SINGERMAN LLP
                  1450 Brickell Ave #1900
                  Miami, FL 33131
                  Tel: (305) 755-9500
                  Fax: 305.714.4340
                  Email: jguso@bergersingerman.com

                     - and -

                 Isaac M Marcushamer, Esq.
                 1450 Brickell Ave #1900
                 Miami, FL 33131
                 Tel: (305) 755-9500
                 Fax: 305-714-4340
                 Email: imarcushamer@bergersingerman.com

Total Assets: $146.6 million

Total Liabilities: $97.2 million

The petition was signed by Stephen Roos, manager of Trigeant, LLC,
general partner of Trigeant, Ltd.

On Aug. 25, 2014, Trigeant Holdings, Ltd., and Trigeant, LLC,
each filed a petition for relief under chapter 11 of the United
States Bankruptcy Court for the Southern District of Florida (West
Palm Beach).

The Initial Debtors' cases are jointly administered under Case
No. 14-29027.

On the Petition Date, Trigeant, Ltd., had sought to have its
case jointly administered with the Intitial Debtors' cases.

List of Debtor's 17 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Odfjell Tankers AS                                    $8,000,000
c/o Robert L. Klawetter, Esq.
Eastham, Watson, Dale &
Forney, LLP
808 Travis, Suite 1300
Houston, TX 77002-5769

Bay Ltd.                                              $1,334,124
P.O. Box 9908
Corpus Christi, TX
78469-9908

Cameron-McKinney, LLC                                   $211,032

Reliant Energy                                          $162,541

Daegis                             Judgment             $114,489

Cunningham Law Group                                     $21,962

Merrill Communications, LLC        Judgment              $16,923

Princeton Economics Group, Inc.    Judgment              $10,551

Direct Energy Business                                    $7,956

Johann Haltermann Ltd.                                    $5,923

Corpus Christi Area Oil Spill                             $5,000
Control

Paymaster, Inc.                    Payroll taxes          $3,534

Message Labs, Inc.                                        $1,094

City of Corpus Christi                                    $1,025

McDonnell, Rex G., IV                                       $450

AT&T                                                        $338

Travieso Evans Arria Rengel & Paz                            $57


TWEETER HOME: Panamax Inc. Compromise Approval Sought
-----------------------------------------------------
BankruptcyData reported that Tweeter Home Entertainment Group
asked the U.S. Bankruptcy Court to approve a settlement of an
avoidance action.  According to papers filed in court, the
settlements result in payments of $68,000 made to the Debtor and
the release by Panamax Inc., the defendant in an adversary
proceeding, of various claims such entities may have against the
Debtor and the estate, in consideration for a release by the
Debtor, as Plaintiff, of the various claims able to be asserted
against Defendant and asserted in the Avoidance Action against
Defendant without Plaintiff expending significant estate resources
litigating such claims.

                          About Tweeter Home

Based in Canton, Mass., Tweeter Home Entertainment Group Inc.
-- http://www.tweeter.com/-- sold mid-to high-end audio and
video consumer electronics products.  Tweeter and seven of its
affiliates filed for chapter 11 Protection on June 11, 2007
(Bankr. D. Del. Case Nos. 07-10787 through 07-10796).  Gregg M.
Galardi, Esq., Mark L. Desgrosseilliers, Esq., and Sarah E.
Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom, LLP,
represented the Debtors.  Kurtzman Carson Consultants LLC acted as
the Debtors' claims and noticing agent.

Bruce Grohsgal, Esq., William P. Weintraub, Esq., and Rachel Lowy
Werkheiser, Esq., at Pachulski Stang Ziehl & Jones LLP; and Scott
L. Hazan, Esq., Lorenzo Marinuzzi, Esq., and Todd M. Goren, Esq.,
at Otterbourg, Steindler, Houston & Rosen, P.C., represented the
Official Committee of Unsecured Creditors.

As of Dec. 21, 2006, Tweeter had total assets of $258,573,353 and
total debts of $190,417,285.

Tweeter Home Entertainment Group filed with the U.S. Bankruptcy
Court a Chapter 11 Plan of Liquidation and related Disclosure
Statement in October of 2012.


UNIVERSITY COMMUNICATIONS: Case Summary & 17 Top Unsec. Creditors
-----------------------------------------------------------------
Debtor: University Communications, Inc.
           dba Fortress ITX
           dba Pegasus Web Technologies
           dba Dedicated Now
           dba Solar VPS
           dba Bandwidth Coalition
        333 Meadowlands Parkway, Ste. 405
        Secaucus, NJ 07094

Case No.: 14-28928

Chapter 11 Petition Date: September 16, 2014

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. Donald H. Steckroth

Debtor's Counsel: David L. Stevens, Esq.
                  SCURA, WIGFIELD, HEYER & STEVENS, LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  Email: dstevens@scuramealey.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jason Silverglate, CEO.

A list of the Debtor's 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb14-28928.pdf


US STEEL CANADA: To Seek Bankruptcy Protection
----------------------------------------------
John W. Miller and Josh Beckerman, writing for The Wall Street
Journal, reported that U.S. Steel Corp. said its Canadian unit
would apply for bankruptcy protection, as the 113-year-old
steelmaker seeks to stop the bleeding after five straight years of
losses.  According to the report, the Pittsburgh-based firm, which
faces challenges including high-cost mills, labor liabilities, and
competition from imports, also said it was canceling over $800
million worth of expansion projects in Minnesota and Indiana.

United States Steel Corporation (U. S. Steel) is an integrated
steel producer of flat-rolled and tubular products.

                          *     *     *

The Troubled Company Reporter, on May 5, 2014, reported that Fitch
Ratings has affirmed United States Steel Corporation's (U.S.
Steel; NYSE: X) Issuer Default Rating (IDR) and debt ratings at
'BB-'.


US STEEL CANADA: Parent Agrees to Provide $165MM in DIP Financing
-----------------------------------------------------------------
United States Steel Corporation on Sept. 16 announced three key
strategic actions that support its transformation:

   -- the decision by U.S. Steel to not proceed with an expansion
at its iron ore pellet operations in Keewatin, Minn.;

   -- the decision by U.S. Steel to forgo further development and
construction of the carbon alloy facilities at Gary Works in Gary,
Ind.; and

   -- the unanimous decision by the board of directors of its
Canadian subsidiary, U.S. Steel Canada Inc., to apply for relief
for U.S. Steel Canada, Inc. from its creditors pursuant to
Canada's Companies' Creditors Arrangement Act (CCAA).

Keetac expansion and Gary Works Carbon Alloy Module Construction
U.S. Steel has decided not to pursue an expansion of its iron ore
pellet operations at Keetac in Keewatin, Minn.  The expansion
would have increased the facility's production by 3.6 million tons
annually to a total of 9.6 million tons, and included upgrading
and restarting an idled pelletizing line, as well as upgrading the
mining, concentrating and agglomerating processes at Keetac.  The
permits required for this expansion expire this month and will not
be renewed.

U.S. Steel has also decided not to proceed with additional
investments into the carbon alloy facilities at Gary Works.  This
project, which began in 2011, contemplated the construction of two
modules to provide a carbon alloy material used to replace
traditionally manufactured coke, to the Gary Works blast furnaces.
One module, C module, has been built and will be permanently idled
while a second, D module, will not be constructed.

The estimated capital investment that would have been required to
complete these projects was in excess of $800 million.  U.S. Steel
estimates that these two strategic actions will result in a non-
cash, pre-tax charge of approximately $250 million in the third
quarter, which includes approximately $40 million for Keetac and
approximately $210 million for Gary Works.

In making these decisions, U.S. Steel considered its future raw
materials needs for iron ore and coke, and found its current
production capability sufficient.  The previously announced
examination of alternative iron and steelmaking technologies such
as gas-based, direct-reduced iron (DRI) and electric arc furnace
(EAF) steelmaking are not affected by these decisions.  The
company is seeking permits for the possible construction of an EAF
at the Company's Fairfield Works in Alabama.

Commenting on the actions relative to the Keetac expansion and
Gary Works carbon alloy facilities, U.S. Steel President and CEO
Mario Longhi said, "The decisions to stop further efforts relative
to these investments represent another step in our transformation
to earn the right to grow.  These strategic decisions allow us to
redirect funding to projects to further develop Advanced High
Strength Steels for our automotive customers, premium connections
for our energy market customers, and capital expenditures to
update and modernize our operations."

U.S. Steel Canada Companies' Creditors Arrangement Act (CCAA)
filing U.S. Steel Canada has recorded a loss from operations in
each of the last five years, with an aggregate operating loss of
approximately $2.4 billion, or in excess of $16.00 per diluted
share, since December 2009.  Additionally, U. S. Steel Canada
represents approximately $1 billion of U.S. Steel's consolidated
Employee Benefits liability as of June 30, 2014.  As a result of
the CCAA filing, U.S. Steel has determined that U.S. Steel Canada
and its subsidiaries will be deconsolidated from U.S. Steel's
financial statements on a prospective basis effective as of the
date of the CCAA filing.  The deconsolidation of U.S. Steel
Canada's operating results would have increased net income on a
pro forma basis for the six months ended June 30, 2014 by $26
million, or $0.16 per diluted share.  U.S. Steel has agreed to
provide U. S. Steel Canada with CA$185 million (approximately $165
million) of secured debtor-in-possession financing (DIP Financing)
to support current operations through the end of 2015 and allow
U.S. Steel Canada to continue operating and serving its customers.

"A planned restructuring will allow U.S. Steel Canada to operate
and compete more effectively.  We know this was not an easy
decision for U.S. Steel Canada's independent directors," stated U.
S. Steel President and CEO Mario Longhi.  "U.S. Steel Canada has
asked the court for an order allowing it to continue to operate
while exploring restructuring alternatives -- to pay its suppliers
and employees and to continue to service its customers.  We
believe these actions will provide longer term stability for U.S.
Steel's employees, suppliers and customers."

The CCAA filing is an event of default under the terms of the
Province Note Loan Agreement dated as of March 31, 2006 which also
provide that the Province Note became immediately due and payable.
The principal amount due under the Province Note is CA$150 million
(approximately $136 million).  A failure of U.S. Steel Canada to
pay the Province Note when due would constitute an event of
default under the indenture for U.S. Steel's 2.75% Senior
Convertible Notes Due 2019 (2019 Notes) that enables the holders
to declare the 2019 Notes immediately due and payable.  Although
the 2019 Notes are currently trading well above par, if this
occurs, U. S. Steel plans to use cash to pay the outstanding
principal amount of $316 million. The filing does not trigger any
other events of default under any material U.S. Steel Canada or
U.S. Steel financing arrangements.

Update to Third Quarter Outlook

U.S. Steel expects a significant improvement in operating income
for its reportable segments and Other Businesses in the third
quarter.  Steel market conditions in the U.S. have remained stable
and its operations have performed well.  As a result, U.S. Steel
expect its third quarter results, to be significantly higher than
the current consensus earnings per share estimates.

As a result of these three strategic actions, U.S. Steel estimates
a non-cash, pretax charge of between $550 million and $600 million
(approximately $300 million to $350 million from the CCAA filing
and deconsolidation of U. S. Steel Canada and approximately $250
million for the other two strategic actions).  In August, U.S.
Steel completed the sale of surface rights and mineral royalty
revenue streams in the state of Alabama, which has generated
approximately $55 million of cash and pre-tax income, and the
Company made a $140 million voluntary contribution to its main
defined benefit pension plan.  U.S. Steel's cash balance as of
Aug. 31, 2014 was $1.4 billion after the receipt of the $55
million and the payment of the $140 million, as well as a
rebuilding of inventories depleted in the second quarter.

A full unaudited condensed consolidated pro forma balance sheet as
of June 30, 2014, and unaudited condensed consolidated pro forma
statement of operations for the six months ended June 30, 2014 and
the year ended Dec. 31, 2013, reflecting the deconsolidation of
U.S. Steel Canada, is available for free at http://is.gd/1FTZFX

United States Steel Corporation -- http://www.ussteel.com-- is an
integrated steel producer of flat-rolled and tubular products with
production operations in North America and Europe.  U.S. Steel is
also engaged in other business activities consisting primarily of
transportation services (railroad and barge operations) and real
estate operations.  The Company operates in three segments: Flat-
rolled Products (Flat-rolled), U.S. Steel Europe (USSE) and
Tubular Products (Tubular).  U.S. Steel owns, develops and manages
various real estate assets, which include approximately 200,000
acres of surface rights primarily in Alabama, Illinois, Maryland,
Michigan, Minnesota and Pennsylvania.  In addition, U.S. Steel
participates in joint ventures that are developing real estate
projects in Alabama, Maryland and Illinois.  U.S. Steel also owns
approximately 4,000 acres of land in Ontario, Canada.


VERMILLION INC: Offering $50 Million Worth of Securities
--------------------------------------------------------
Vermillion, Inc., disclosed that it may offer and sell from time
to time, in one or more offerings, common stock, preferred stock,
warrants, rights and units for an aggregate initial offering price
up to $50,000,000.

The Company's common stock is traded on The NASDAQ Capital Market
under the symbol "VRML".  On Sept. 11, 2014, the last reported
sale price for the Company's common stock on The NASDAQ Capital
Market was $2.21 per share.  As of Sept. 12, 2014, the aggregate
market value of the Company's outstanding common stock held by the
Company's non-affiliates, as calculated pursuant to the rules of
the Securities and Exchange Commission, was $47,592,445.

A copy of the Form S-3 registration statement as filed with the
U.S. Securities and Exchange Commission is available for free at:

                        http://is.gd/HYw0FM

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Vermillion's legal advisor in connection with
its successful reorganization efforts wass Paul, Hastings,
Janofsky & Walker LLP.  Vermillion emerged from bankruptcy in
January 2010.  The Plan called for the Company to pay all claims
in full and equity holders to retain control of the Company.

Vermillion incurred a net loss of $8.81 million in 2013, a net
loss of $7.14 million in 2012 and a net loss of $17.79 million in
2011.

As of June 30, 2014, the Company had $23.51 million in total
assets, $5.76 million in total liabilities and $17.74 million in
total stockholders' equity.


VICTORY CAPITAL: S&P Assigns 'BB-' ICR & Rates $335MM Debt 'BB'
---------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB-'
issuer credit rating on Victory Capital Holdings Inc. (Victory).
The rating outlook is stable. At the same time, S&P assigned its
'BB-' issue rating on the company's proposed $335 million senior
secured credit facilities, which include a $310 million term
loan (due in 2021) and $25 million revolving credit facility (due
in 2019).

"Our rating on Victory primarily reflects the company's relatively
small assets under management (AUM) base compared with other rated
U.S. asset managers, its concentration in equities, sustained net
asset outflows, and negative tangible equity," said Standard &
Poor's credit analyst Olga Roman. To some degree, Victory's
experienced management and investment teams and S&P's expectation
that management will maintain leverage well below 5x offset these
risks.

In April 2014, Victory Capital Management Inc. and Munder Capital
Management announced that parent company Victory Capital Holdings
entered into a purchase agreement to acquire Munder, including its
wholly owned subsidiary Integrity Asset Management. For rating
purposes, S&P assumes the company will complete the pending
acquisition in the near term, and S&P bases its analysis on pro
forma combined entity data. If the pending acquisition is not
completed in the near term, S&P would likely revisit (or withdraw)
its ratings.

Victory is a registered investment manager that provides
investment services to institutional, intermediary, and retail
clients. The company offers separately managed accounts,
collective trust funds, open-end mutual funds, unified managed
accounts, and wrap separate account programs. Victory's total
AUM were $18.4 billion as of June 30, 2014. Munder is a registered
investment adviser that provides investment management services to
institutional investors, such as pension plans, profit-sharing
plans, endowments and foundations, and, to a lesser extent, to
individual retail investors. As of June 30, 2014, Munder's total
AUM was $18.2 billion.

"While we view positively the combination of two small investment
management firms, we believe that the new entity, with about $37
billion of AUM, is still a relatively small company in the highly
competitive U.S. asset management industry. Additionally, the
company has a high concentration of its AUM in equities. The pro
forma AUM includes about 86% equity and 14% fixed income, as of
June 30, 2014. We believe that concentration in equities exposes
the company to a higher degree of AUM and earnings volatility
compared with asset managers with a more diversified investment
pool," said S&P.

"The stable outlook reflects our expectation that the combined
company will curb net outflows over the next few quarters and will
continue to operate with debt to EBITDA well below 5x. We could
lower the ratings if adjusted EBITDA interest coverage weakens
below 4x or debt to EBITDA increases above 5x because of either an
unexpected drop in AUM or an increase in debt. We could
also lower the rating if net outflows continue over the next
several quarters because our view of Victory's business profile
could weaken. Because we do not anticipate material sustained
improvement in the company's financial metrics over the next 12-18
months, the potential for an upgrade is likely to be limited. An
upgrade is also unlikely until Victory completes the integration
of its acquisition and has established a track record as a stand-
alone company generating sustained positive net inflows," said
S&P.


WATERFORD GAMING: S&P Lowers CCR to 'D' on Missed Notes Payment
---------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Waterford Gaming LLC, as well as its issue-level
rating on Waterford Gaming's 8.625% senior unsecured notes, to 'D'
from 'CC'. The rating actions followed Waterford Gaming's failure
to repay the principal on its senior unsecured notes at maturity.

"The rating action stems from Waterford Gaming's inability to
successfully repay the principal on its senior unsecured notes due
on Sept. 15, 2014," said Standard & Poor's credit analyst Carissa
Schreck.

S&P estimates that approximately 32% of the principal balance of
the notes is currently outstanding. Although the company will
receive two additional relinquishment payments to be used for debt
repayment after the maturity of the notes, the missed principal
payment at maturity is an event of default under our criteria.

Waterford Gaming relies solely on distributions made indirectly
from the Mohegan Tribal Gaming Authority to service its debt
obligations. Weak operating performance at Mohegan Sun Casino over
the last several years resulted in insufficient cash flow to repay
the notes at maturity.


WOLF MOUNTAIN PRODUCTS: Requests Sale of Excess Assets
------------------------------------------------------
Wolf Mountain Products asks the Bankruptcy Court that an order be
made allowing the Debtor to sell equipment and other personal
property through a private sale.

The Debtor, on December 12, 2013, filed a voluntary petition for
relief under chapter 11. On July 4, 2014, the Debtor and Hyponex
entered into an asset purchase agreement for the sale of the
Debtor's Lindon property, Panguitch property, inventory and
certain equipment. The sale was approved by the court on August
14, 2014.

However, such sale did not include most of the Debtor's equipment,
machinery and vehicles used in the Debtor's business operations.
Following the closure of the sale to Hyponex, the Debtors wishes
to operate in small scale from its Fredonia Property. Thus, the
Debtor will have a huge surplus of assets. These assets may be
sold and the proceed of which will be applied to the creditors.

Wolf Mountain Products is represented by:

     Anna W. Drake, Esq.
     ANNA W. DRAKE, P.C.
     175 South Main Street, Suite 300
     Salt Lake City, UT 84111
     Telephone: (801) 328-9792
     Facsimile: (801) 413-1620
     Email: annadrake@att.net

                   About Wolf Mountain Products

Wolf Moutain Products' business consists of harvesting buried wood
and bark fines from property it owns in Panguitch, Utah and in
Lindon, Utah, and from leased property in Fredonia, Arizona and
thereafter selling its products to its customers.

Wolf Mountain Products, L.L.C., filed a Chapter 11 petition
(Bankr. D. Utah Case No. 13-33869) in Salt Lake City on Dec. 12,
2013.  Bryce J. Burns signed the petition as manager.

The Orem, Utah-based company disclosed $40,666,583 in assets and
$5,627,349 in liabilities as of the Petition Date.  Anna W.
Drake, Esq., at the law firm of Anna W. Drake, P.C., in Salt Lake
City, serves as the Debtor's counsel.  Judge Joel T. Marker
presides over the case.

The U.S. Trustee for Region 19 has selected three creditors to the
Official Committee of Unsecured Creditors for the case of the
Debtor.


WPCS INTERNATIONAL: Delays July 31 Form 10-Q Filing
---------------------------------------------------
WPCS International Incorporated filed with the U.S. Securities and
Exchange Commission a Notification of Late Filing on Form 12b-25
with respect to its quarterly report on Form 10-Q for the quarter
ended July 31, 2014.  The Company said the compilation,
dissemination and review of the information required to be
presented in the Form 10-Q for the relevant fiscal quarter has
imposed time constraints that have rendered timely filing of the
Form 10-Q impracticable without undue hardship and expense.  The
Company undertakes the responsibility to file that Quarterly
Rreport no later than five days after its original due date.

               About WPCS International Incorporated

WPCS -- http://www.wpcs.com-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

As reported by the TCR on Feb. 7, 2014, WPCS appointed Marcum LLP
as its new independent registered public accounting firm.
CohnReznick LLP resigned on Dec. 20, 2013.

WPCS International incurred a net loss attributable to common
shareholders of $11.16 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.  As of April 30,
2014, the Company had $22.02 million in total assets, $16.05
million in total liabilities and $5.96 million in total equity.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ZEBRA TECHNOLOGIES: S&P Assigns 'BB-' Corp. Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Lincolnshire, Ill.-based Zebra Technologies Corp.
The outlook is stable.

At the same time, S&P assigned a 'BB+' issue-level rating to the
company's proposed $2 billion senior secured term loan due 2021
and $250 million revolving credit facility due 2019; the '1'
recovery rating indicates its expectation for very high recovery
(90% to 100%) of principal in the event of payment default. S&P
also assigned a 'B' issue-level rating to the company's proposed
$1.25 billion senior unsecured notes due 2022; the '6' recovery
rating indicates S&P's expectation for negligible recovery (0% to
10%) of principal in the event of payment default.

"The ratings reflect our view of the Enterprise business's
inconsistent operating performance and near-term integration risk,
partially offset by the good track record of the legacy Zebra
business and the leading market positions of the combined
company," said Standard & Poor's credit analyst Christian Frank.
"The ratings also incorporate our view that leverage is
likely to fall below 5x during 2015 as the company realizes cost
savings and repays debt."

"Our view of Zebra's business risk profile incorporates the
inconsistent track record of the Enterprise business, the
integration risk associated with this transformational
acquisition, the combined company's narrow focus on the
supply chain technology hardware market, and its exposure to
cyclical retail and manufacturing investment spending. Partially
offsetting these factors are the company's leading market
positions in specialty printing, enterprise mobile computing, and
data capture solutions; the good operating track record
of the legacy Zebra business with consistent revenue growth and
profitability; and good channel partner relationships. We believe
that the complementary nature of the Enterprise products and
Zebra's unique knowledge of the company from years of coordinating
product roadmaps mitigate some of the integration risk," S&P said.

Zebra's financial risk profile is characterized by leverage in the
mid-5x area pro forma for the acquisition based on the 12 months
ended June 2014, which S&P expects to fall below 5x in 2015 as the
company reduces expenses and uses its free operating cash flow
(FOCF) to repay debt. S&P believes that the company will limit its
acquisition activity, reduce share buybacks, and allocate most
of its FOCF for debt repayment over the next 12 to 24 months.


* 9th Circ. Asks for Input on Malpractice Insurance Fight
---------------------------------------------------------
Law360 reported that the Ninth Circuit said it needed help from
the Alaska Supreme Court to resolve a bankruptcy-related
malpractice insurance dispute, asking the state court to decide
whether Alaska law prohibits enforcement of a policy provision
reimbursing an insurer for a claim excluded from coverage under
the policy.  According to the report, if the answer to the
question is yes, the federal appeals panel asked the state court
to decide whether state law prohibits enforcing a policy
provision.


* Consumer Finance Agency Seeks More Oversight of Auto Loans
------------------------------------------------------------
Michael Corkery and Jessica Silver-Greenberg, writing for The New
York Times' DealBook, reported that the Consumer Financial
Protection Bureau wants to expand its oversight to include an
important player in the auto loan market: non-bank auto finance
companies.  According to the report, in a proposal, released on
Sept. 17, the fledgling agency said the move would extend its
authority to include 38 lenders that provided financing to 6.8
million consumers last year.  Until now, those non-bank auto
lenders, which included the so-called captive finance arms of car
manufacturers, like Honda and Toyota, were not supervised at the
federal level, the DealBook said.


* Higher Survival Rates for Businesses That Use PEOs, Study Shows
-----------------------------------------------------------------
Businesses that use professional employer organizations (PEOs) for
HR, benefits, and compliance have a significantly higher rate of
business survival and a lower rate of employee turnover than
businesses that don't use PEOs, according to a new study released
on Sept. 16 by the National Association of Professional Employer
Organizations (NAPEO) at its annual conference in Miami.  The
study, by noted economists Laurie Bassi and Dan McMurrer, is a
follow-up to the study released in 2013, which showed that small
businesses in PEO arrangements grow faster than those businesses
not using PEOs.

"It's very simple: Small businesses that use PEOs grow 7-9 percent
faster, have employee turnover that is 23-32 percent lower, and
are 50 percent less likely to go out of business than companies
that don't use PEOs," said Pat Cleary, NAPEO's president and CEO.
"This proves through hard data the value proposition of PEOs."

PEOs provide payroll, benefits, tax compliance, and other HR
services to small and mid-sized companies.  Approximately 250,000
businesses use PEOs, and PEOs provide access to healthcare
coverage for as many as 6 million people.  Through PEOs, the
employees of small businesses gain access to employee benefits
such as 401(k) plans; health, dental, life, and other insurance;
dependent care; and other benefits typically provided by large
companies.

The study showed that the overall employee turnover rate in the
United States was approximately 42 percent per year, while for
companies using PEOs, it is just 28-32 percent.  While the exact
cost of turnover is difficult to estimate, it is clear that the
costs of employee turnover are significant and that a business
that enjoys a higher employee retention rate is in a stronger
position to survive and thrive over the long term.  Additionally,
the study illustrated that businesses that use PEOs are
approximately 50 percent less likely to fail from one year to the
next when compared to similar companies in the population as a
whole.

"Across all industries, this study shows that there are clear
advantages for PEO clients on two of the most fundamental issues
faced by any business: retention of employees and continued
survival," said Mr. Cleary.  "PEOs make it possible for companies
to retain their best and brightest employees and focus on their
core business, which helps them survive and grow."
A copy of the full study is available here.

                            About NAPEO

The National Association of Professional Employer Organizations
(NAPEO) -- http://www.napeo.org/-- is The Voice of the PEO
IndustryTM and represents about 85 percent of the industry's
estimated $92 billion in gross revenues.  NAPEO has some 300 PEO
members, ranging from start-ups to large publicly held companies
with years of success in the industry, as well as some 200 service
provider members.  PEOs provide payroll, benefits, and other HR
services to small and mid-sized businesses.  Approximately 250,000
businesses and more than 2.5 million people are part of PEO
arrangements.


* Now Is the Time to Invest in Argentina, Algodon Founder Says
--------------------------------------------------------------
Scott Mathis, Chairman & Founder of Algodon Wines & Luxury
Development Group, responds to Argentina's recent default with an
update to the company's 2014 Whitepaper on Investing in Argentina.
Algodon Group has been investing since 2006 in Argentina's
vineyard operations, luxury lifestyle properties, and other real
estate assets and opportunities.  Algodon Group's 2014 Whitepaper
Investing in Argentina reports the company's position on why they
believe there has never been a better time to seek investment
opportunities in Argentina's real estate market.

"We are not alone in our investment view on Argentina.  Heavy
hitter investors, big businesses and billionaires, are doubling
down on Argentina investments; notable investors such as Dan Loeb,
Richard Perry, George Soros and Carlos Slim, Kyle Bass and David
Martinez have all made significant investments in Argentina in
recent months," says Mr. Mathis.  "Fortress Investment's Michael
Novogratz also recently made the news with his bullish stance on
Argentina after its default.  This is in addition to the
cumulative billions of investment dollars that have been announced
from businesses such as Starbucks, Accor Hotels, General Motors,
Mercedes Benz, Toyota, Chevron, and many others.  We believe the
confidence shown by these individuals and companies speaks of more
than just a hint of Argentina's potential economic boom.  It may
in fact help to breed further investor confidence and perhaps
start to mitigate some negative perspectives on Argentina
investing.  Now is the time to invest in Argentina. It has been
for some time.  Even now, despite the negative headlines,
Argentina's stock market is up 100% this year, outperforming every
other stock market in the world.  This is because many investors
believe that despite the country's current economic situation, it
is well worth the risk.  New presidential elections will be held
in less than 12 months, and there is now certainty of political
change in 2015.  Once this happens, we believe that Argentina's
economy can soar.  We expect the next administration to establish
normal, business friendly relations with the international
financial community which could in turn restore investor
confidence and boost the economy by attracting billions of dollars
more in new financing.  This would be a turning point for
Argentina's economic future.  Right now there is a window of
opportunity to acquire prime assets at great values reminiscent of
Brazil's pre-boom opportunities.  Vaca Muerta is one of the
biggest shale opportunities in the world today, not to mention the
country's other natural resources such as agriculture potentially
being a huge economic driver as well.  We anticipate Argentina's
real estate and stock markets will continue to move forward in the
years ahead and that asset values may increase dramatically, but
you must invest before the crowd because no wealth has ever been
created by getting in late.  It's a great risk-reward scenario."

            About Algodon Wines & Luxury Development Group

Algodon properties are owned and operated by Algodon Group,
founded by Chairman & CEO Scott Mathis and partners.  Based in NYC
with offices in Buenos Aires and Mendoza, Algodon Group provides
an unequivocal strategic advantage in Argentine real estate
acquisition and development.


* Bingham McCutchen's London, Frankfurt Offices to Join Akin Gump
-----------------------------------------------------------------
   * Group of partners will also join in Hong Kong. Addition will
combine Bingham's top-ranked European and Asian financial
restructuring practice with Akin Gump's market-leading U.S.
financial restructuring practice

   * Once completed, move expected to make Akin Gump's London
office among the top 20 international firms in London by turnover
and dramatically enhance firm's global platform.

   * In addition to financial restructuring, move will bring
significant corporate, finance, litigation, regulatory, tax and
antitrust experience to Akin Gump, adding strength and depth to
the firm's capabilities across Europe and Asia.

International law firm Akin Gump on Sept. 17, 2014, announced that
the London and Frankfurt offices of Bingham McCutchen, along with
a group of partners from Bingham's Hong Kong office, will join the
firm. With this 22-partner expansion, Akin Gump will grow its
London and Hong Kong offices markedly and will also open the
firm's first office in Germany. The move will be effective over
the coming weeks.

The move will bring together Akin Gump's financial restructuring
practice in the United States, led by partners Daniel Golden, Ira
Dizengoff, Fred Hodara and Mike Stamer, with the London-based
leaders of Bingham's financial restructuring group, partners James
Roome, Barry Russell and James Terry. The combination cements Akin
Gump's reputation as the home of a top-tier global financial
restructuring practice and adds substantial depth to the firm's
corporate, finance, disputes, regulatory and tax practices while
significantly increasing the firm's international footprint.

The firm further expects to welcome a number of additional
attorneys from Bingham soon in London, Hong Kong and Frankfurt.

"This will be transformative in enhancing our brand as a leading
global firm," commented Kim Koopersmith, Akin Gump's chairperson.
"The attorneys joining us are hugely respected for their strength
in areas that are key to our firm and clients, including financial
restructuring, finance, disputes, tax, regulatory and corporate,
and will build upon our own very strong teams in these and other
areas. This move also helps us diversify into key areas across
Europe and Asia and highlights our commitment to clients in these
crucial markets. It is exceedingly rare to be able to welcome a
group that has the stature and incredible fit presented by this
group. They truly are the dream team, and I could not be more
excited to introduce them to our clients."

Bingham's financial restructuring practice is ranked in the top
tier by Legal 500, Chambers UK and IFLR 1000 and is recognized as
"the premier noteholder practice in the market" (UK Legal 500). In
addition to financial restructuring, the attorneys expected to
join Akin Gump bring tremendous experience in finance and
financial services, financial and commercial dispute resolution,
corporate M&A and private equity, EU/UK competition and tax.

Sebastian Rice, who will be managing partner of Akin Gump's London
office, commented, "The synergies of our combined international
practices, together with the incoming team's strength in London,
make this union strategically compelling. The combined European
and Asian capabilities will not only considerably improve our
client offerings in multiple jurisdictions, but also provide
significant leverage in terms of our ability to present ourselves
to potential clients here in London, in Hong Kong and in
established and emerging markets across the globe."

James Roome, who will be senior partner in London, commented, "We
are delighted to join Akin Gump. Our financial restructuring team
has, for many years, admired their stellar practice in the United
States, which represents many of the same clients that we do. The
combination of our practices in London, Hong Kong and Frankfurt
with Akin Gump's financial restructuring team in the United States
and excellent energy, telecoms and investment funds practices in
Europe and Asia will be a major step forward for our team. We are
all thrilled to be part of this once-in-a-career opportunity."

Daniel Golden added, "We have known and closely watched, over many
years, how James, Barry and James built the leading noteholder
practice in Europe and were struck by how the development of their
practice mirrored that of our own. Often during that time, our
team talked about the dynamic of a possible combination of these
practice groups. Now, that talk is becoming reality, and we are
thrilled about what is in store for us, our firm and our clients."

                       About the team

The team joining Akin Gump has leading financial restructuring,
finance, litigation and corporate lawyers committed to, and
experienced in, providing a seamless and responsive service to
international financial institution clients.

The financial restructuring team has played a leading role
representing creditors in numerous high-profile, precedent-setting
workouts and restructurings throughout Europe and Asia. In recent
years, the team has advised the bondholders of the Icelandic banks
Kaupthing, Glitnir and Landsbanki since the banks' failure in
2008, the bondholders of Suntech on recoveries from the bankruptcy
of one of China's largest solar panel makers, and the creditors of
Quinn Group in Ireland, the lenders to France's Terreal and the
senior lenders to Kloeckner Pentaplast in Germany on their
respective debt restructurings. They combine with a financial
restructuring team from Akin Gump that, in the past year, has
represented clients in prominent U.S. matters, including the
official committee of unsecured creditors of Edison Mission
Energy, the ad hoc group of noteholders and second lien indenture
trustee of Eastman Kodak Company and the ad hoc committee of
unsecured noteholders of Energy Future Intermediate Holdings,
among many others.

Upon their arrival, the expanded finance team will advise clients
in relation to innovative financings across a range of asset
classes and financing sources. The team represents institutional
investors, funds, corporate borrowers and issuers, sponsors and
developers, lenders and underwriters in their financing activities
in the cross-border private placement, loan, debt, equity, capital
and investment markets.

The enhanced corporate practice in London, Hong Kong and Germany
will advise on high-end corporate work, including public/private
M&A and takeovers, international equity capital markets, including
for companies in emerging markets, and the listing of financial
vehicles on London's stock exchanges. This practice will be
boosted considerably by the expected arrival of Bingham's well-
respected London UK/EU competition practice and the firm's tax
professionals.

The incoming group's financial dispute resolution practice will
continue to represent European and U.S.-based financial
institution clients, including investment banks, hedge funds and
investment management companies, with incisive, commercial advice.
This will complement Akin Gump's established European dispute
resolution team, which advises clients in relation to
international arbitration, litigation or proceedings in multiple
jurisdictions, with particular reference to matters involving oil
and gas, power generation and telecommunications. In addition, the
newly combined team will provide extensive financial regulatory
advice.

Partners who will join Akin Gump and their respective locations
are as follows (LO ? London; FF ? Frankfurt; HK ? Hong Kong):

Angeli Arora (LO - corporate)
Tom Bannister (LO ? financial restructuring)
John Clark (LO - finance)
Mark Dawkins (LO - litigation)
Neil Devaney (LO ? financial restructuring)
Davina Garrod (LO - antitrust)
Dr. Christian Hal sz (LO and FF ? financial restructuring)
Richard Hornshaw (LO - litigation)
Christopher Leonard (LO ? financial regulatory)
Helen Marshall (LO ? financial regulatory)
Mark Mansell (LO ? finance)
Naomi Moore (HK ? financial restructuring)
Liz Osborne (LO ? financial restructuring)
Stephen Peppiatt (LO - finance)
Charles Rogers (HK - corporate)
James Roome (LO ? financial restructuring)
Barry G. Russell (LO ? financial restructuring)
Emma Simmonds (LO ? financial restructuring)
Stuart Sinclair (LO - tax)
Sarah Smith (LO - finance)
James Terry (LO ? financial restructuring)
Dr. Axel Vogelmann (FF ? financial restructuring)

             About Akin Gump in London and Hong Kong

Akin Gump's London office is the focal point for the firm's
international practice. The core strengths on which the office is
founded are corporate transactions (including M&A, joint ventures
and private equity) in emerging markets, debt and equity capital
markets, energy, finance, investment funds (hedge and private
equity), disputes and tax. The integrated nature of the practice
means that the lawyers based in London work closely on a regular
basis with their counterparts in the firm's other international
practices as well as those in the firm's U.S. offices.

The firm's Hong Kong office operates in association with Gregory
D. Puff & Co and offers legal services and counsel to U.S. and
international clients with interests in China and greater Asia.
The office serves both Chinese clients seeking international
representation and U.S. and international clients interested in
initiating or expanding enterprises in China or elsewhere in Asia.
Lawyers in the office have broad and deep experience counseling
Asian and other international clients in private and public M&A,
funds formation and joint ventures, focusing on pan-Asian M&A and
private equity and hedge fund formation.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading
international law firm with more than 900 attorneys in offices
throughout the United States, Europe, Asia and the Middle East.


* Mitch Ryan, Nellwyn Voorhies-Kantak Join Donlin, Recano as VPs
----------------------------------------------------------------
Donlin, Recano & Company, Inc., an affiliate of American Stock
Transfer & Trust Company, LLC, and premier provider of claims,
noticing, balloting and disbursing agent services, on Sept. 16
disclosed that Mitch Ryan and Nellwyn Voorhies-Kantak, Esq. have
joined the firm as Vice Presidents.

"I'm excited to join this strong and growing brand," said
Mr. Ryan.  Ms. Voorhies-Kantak said, "Joining a firm known for its
superior quality and service was very important to me and Donlin
Recano was a clear choice."

Mr. Ryan comes to Donlin Recano with two decades of experience in
the restructuring sector, most recently as Vice President of Sales
and Marketing at Rust Omni and Director of Sales and Marketing at
Epiq Systems.  He is a member of the Board of Directors for the
American Bankruptcy Institute.

Ms. Voorhies-Kantak brings her more than 20 years of experience in
the legal community to the firm.  She is an accomplished attorney
having practiced at firms such as Levene, Neale, Bender, Rankin &
Brill, LLP, Baker & McKenzie and Sheppard, Mullin, Richter &
Hampton LLP.  Ms. Nellwyn brings her expertise to the claims
management industry holding positions at Rust Omni as Vice
President of Sales and Marketing and Kurtzman Carson Consultants
LLC as Director.

"I can't be more honored to have Mitch and Nellwyn here at Donlin
Recano.  They bring with them a large presence in the
restructuring community and will add incredible value to our
brand," said Alexander Leventhal, CEO of Donlin Recano.

               About Donlin, Recano & Company, Inc.

Founded in 1989, Donlin, Recano & Company --
http://www.donlinrecano.com-- is bankruptcy administration
company that has served over 200 national clients across a broad
range of industries and business sectors.  Working with counsel,
turnaround advisors and the affected company, Donlin Recano helps
organize and guide Chapter 11 clients through required bankruptcy
tasks, including provision of creditor notification, website-
accessible information, formation of professional call centers,
management of claims, balloting, distribution and other
administrative services.

                            About AST

AST -- http://www.amstock.com-- and its affiliates are providers
of registry services and technology to financial market
participants around the globe.  AST and its affiliate, CST Trust
Company (CST), provide comprehensive stock transfer and employee
plan services to more than 8,000 public issues and over 5.5
million shareholders.  AST and CST serve clients located
throughout North America and in over 22 foreign countries, ranging
in size from initial public offerings to Fortune 100 companies.


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

In re Mahlon A. Zeller
   Bankr. D. Ariz. Case No. 14-13899
      Chapter 11 Petition filed September 10, 2014

In re Ethan Lock
   Bankr. D. Ariz. Case No. 14-13954
      Chapter 11 Petition filed September 10, 2014

In re Eric D. Metz
   Bankr.  D. Ariz. Case No. 14-13955
      Chapter 11 Petition filed September 10, 2014

In re Phillip Carver Myers
   Bankr. C.D. Cal. Case No. 14-21429
      Chapter 11 Petition filed September 10, 2014

In re Joseph N. Sciarrino
   Bankr. D. Conn. Case No. 14-51417
      Chapter 11 Petition filed September 10, 2014

In re Sootbuljip, Inc.
   Bankr. C.D. Cal. Case No. 14-27304
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/cacb14-27304.pdf
         represented by: Joon M. Khang, Esq.
                         KHANG & KHANG, LLP
                         E-mail: joon@khanglaw.com

In re Arnoldo Gil-Osorio
   Bankr. N.D. Cal. Case No. 14-53719
      Chapter 11 Petition filed September 10, 2014

In re Curtis Wold Johnson and Carol Z. Johnson
   Bankr. D. Idaho Case No. 14-41044
      Chapter 11 Petition filed September 10, 2014

In re Glenn Seiden
   Bankr. N.D. Ill. Case No. 14-32989
      Chapter 11 Petition filed September 10, 2014

In re F & B Gardens, LLC
   Bankr. D.N.J. Case No. 14-28601
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/njb14-28601.pdf
         Filed Pro Se

In re Home Corral, Inc.
   Bankr. E.D. Pa. Case No. 14-17264
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/paeb14-17264.pdf
         represented by: Robert J. Lohr, II
                         LOHR & ASSOCIATES, LTD.
                         E-mail: bob@lohrandassociates.com

In re Tri Power Holdings, L.P.
   Bankr. E.D. Pa. Case No. 14-17266
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/paeb14-17266.pdf
         represented by: Robert J. Lohr, II
                         LOHR & ASSOCIATES, LTD.
                         E-mail: bob@lohrandassociates.com

In re The Nile Swim Club of Yeadon, Incorporated
   Bankr. E.D. Pa. Case No. 14-17289
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/paeb14-17289.pdf
         represented by: Demetrius J. Parrish, Esq.
                         THE LAW OFFICES OF DEMETRIUS J. PARRISH
                         E-mail: djp711@aol.com

In re Environmental Solutions Association 1
   Bankr. M.D. Pa. Case No. 14-04188
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/pamb14-04188.pdf
         represented by: Elliott B. Weiss, Esq.
                         ELLIOTT B. WEISS AND ASSOCIATES
                         E-mail: ebweiss@chilitech.net

In re Jose M. Soltero Ramirez
   Bankr. D.P.R. Case No. 14-07488
      Chapter 11 Petition filed September 10, 2014

In re Baljit Singh Gill
   Bankr. D. Md. Case No. 14-24143
      Chapter 11 Petition filed September 10, 2014

In re Christopher E. Unger and Lara K. Unger
   Bankr. W.D. Wash. Case No. 14-44938
      Chapter 11 Petition filed September 10, 2014

In re Merriam and Associates, P.C.
   Bankr. W.D. Wash. Case No. 14-16728
      Chapter 11 Petition filed September 10, 2014
         See http://bankrupt.com/misc/wawb14-16728.pdf
         represented by: Terri A. Merriam, Esq.
                         MERRIAM & ASSOCIATES
                         E-mail: terrimerriam@comcast.net

In re Raymond H. LaForce
   Bankr. S.D. Ala. Case No. 14-02967
      Chapter 11 Petition filed September 11, 2014

In re Armando M. Montero
   Bankr. S.D. Fla. Case No. 14-30403
      Chapter 11 Petition filed September 11, 2014

In re Z Bayou, LLC
   Bankr. E.D. La. Case No. 14-12440
      Chapter 11 Petition filed September 11, 2014
         See http://bankrupt.com/misc/laeb14-12440.pdf
         represented by: Leo D. Congeni, Esq.
                         CONGENI LAW FIRM, LLC
                         E-mail: leo@congenilawfirm.com

In re 199-02 Linden Boulevard Realty, LLC
   Bankr. E.D.N.Y. Case No. 14-44641
      Chapter 11 Petition filed September 11, 2014
         See http://bankrupt.com/misc/nyeb14-44641.pdf
         Filed Pro Se

In re Caribbean Linen & Apparel Services, INC.
   Bankr. D.P.R. Case No. 14-07511
      Chapter 11 Petition filed September 11, 2014
         See http://bankrupt.com/misc/prb14-07511.pdf
         represented by: Luis D. Flores Gonzalez
                         LUIS D. FLORES GONZALEZ LAW OFFICE
                         E-mail: ldfglaw@coqui.net

In re Lorenzo Slater Chapa
   Bankr. N.D. Tex. Case No. 14-43723
      Chapter 11 Petition filed September 11, 2014

In re Agincourt Incorporated
   Bankr. W.D. Wash. Case No. 14-16755
      Chapter 11 Petition filed September 11, 2014
         See http://bankrupt.com/misc/wawb14-16755.pdf
         Filed Pro Se

In re Florida Career College, Inc.
   Bankr. D. Del. Case No. 14-12141
      Chapter 11 Petition filed September 12, 2014
         See http://bankrupt.com/misc/deb14-12141.pdf
         represented by: Dennis A. Meloro, Esq.
                         GREENBERG TRAURIG
                         E-mail: melorod@gtlaw.com

In re Cheryl A. Brayton
   Bankr. D. Ariz. Case No. 14-14042
      Chapter 11 Petition filed September 12, 2014

In re John C. Byers
   Bankr. S.D. Fla. Case No. 14-30511
      Chapter 11 Petition filed September 12, 2014

In re Fred K Konrad
   Bankr. N.D. Ill. Case No. 14-33229
      Chapter 11 Petition filed September 12, 2014

In re Jim J. Palmer and Raelene K. Palmer
   Bankr. D. Nev. Case No. 14-16141
      Chapter 11 Petition filed September 12, 2014

In re Plus 6 Technologies, Inc.
   Bankr. D. Nev. Case No. 14-16156
      Chapter 11 Petition filed September 12, 2014
         See http://bankrupt.com/misc/nvb14-16156.pdf
         represented by: Timothy P. Thomas
                         LAW OFFICES OF TIMOTHY P. THOMAS, LLC
                         E-mail: tthomas@tthomaslaw.com

In re East Coast Storage Equipment Co., Inc.
   Bankr. D.N.J. Case No. 14-28727
      Chapter 11 Petition filed September 12, 2014
         See http://bankrupt.com/misc/njb14-28727.pdf
         represented by: Peter Broege, Esq.
                         BROEGE, NEUMANN, FISCHER & SHAVER
                         E-mail: pbroege@bnfsbankruptcy.com

In re Willcox Tire & Service, Inc.
   Bankr. N.D.N.Y. Case No. 14-31435
      Chapter 11 Petition filed September 12, 2014
         See http://bankrupt.com/misc/nynb14-31435.pdf
         represented by: Edward J. Fintel, Esq.
                         EDWARD J. FINTEL & ASSOCIATES
                         E-mail: ejfintel@aol.com

In re Alleyne Insurance and Financial Services, Inc.
   Bankr. E.D. Pa. Case No. 14-17371
      Chapter 11 Petition filed September 12, 2014
         See http://bankrupt.com/misc/paeb14-17371.pdf
         represented by: Demetrius J. Parrish
                         THE LAW OFFICES OF DEMETRIUS J. PARRISH
                         E-mail: djp711@aol.com

In re Richard Alan Blake and Robbin Joy Blake
   Bankr. E.D. Tenn. Case No. 14-14070
      Chapter 11 Petition filed September 12, 2014

In re Roy W. Powell, Jr.
   Bankr. M.D. Tenn. Case No. 14-07322
      Chapter 11 Petition filed September 12, 2014

In re 5372 Merrick Road Partners, LLC
   Bankr. E.D.N.Y. Case No. 14-74220
      Chapter 11 Petition filed September 13, 2014
         See http://bankrupt.com/misc/nyeb14-74220.pdf
         represented by: Robert J. Spence, Esq.
                         SPENCE LAW OFFICE, P.C.
                         E-mail: rspence@spencelawpc.com

In re Kyeung Guk Min
   Bankr. E.D. Va. Case No. 14-13416
      Chapter 11 Petition filed September 14, 2014



                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com by e-mail.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, 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 ***