TCR_Public/140925.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 25, 2014, Vol. 18, No. 267

                            Headlines

30DC INC: Releases Version 7 of Magcast Publishing Platform
AMERICAN AXLE: To Settle Obligations to Pension Participants
AMERITOX LTD: S&P Lowers CCR to 'CCC' on Decision to Not Refinance
AUXILIUM PHARMACEUTICALS: Rejects Endo's Purchase Proposal
ANACOR PHARMACEUTICALS: Launches Kerydin Topical in the U.S.

BAYOU SHORES SNF: Medicaid Appeals Ruling on Continued Funding
BEAZER HOMES: Amends Employment Agreements with Executives
BBB INDUSTRIES: Moody's Assigns B2 CFR & Rates $120MM Loan Caa1
BROADWAY FINANCIAL: Unit Gets $355,00 Enterprise Award From CDFI
BROOKINS COMMUNITY: Case Summary & 8 Largest Unsecured Creditors

BURGER KING: Fitch Says Inversion Rules Could Test T. Horton Deal
CBRE SERVICES: S&P Assigns 'BB' Rating on New $300MM Unsec. Notes
CENTRAL PACIFIC FINANCIAL: Fitch Affirms BB+ Issuer Default Rating
CORINTHIAN COLLEGES: Sued by CFPB for Predatory Lending
DELUXE ENTERTAINMENT: Liquidity Support No Impact on Moody's CFR

DELUXE ENTERTAINMENT: S&P Puts 'CCC' CCR on CreditWatch Positive
DETROIT, MI: Ch. 9 Plan Trial Pushed Back to Sept. 29
DEWEY & LEBOEUF: D'Alessandro Fails to Dismiss Clawback Suit
DEWEY & LEBOEUF: Defense Seeks Dismissal of Charges v. Ex-Leaders
DIOCESE OF HELENA: Has Buyback & Release Deal With Insurers

DPL INC: Fitch Assigns 'BB' Rating to New 5-Yr. Unsecured Notes
DPL INC: Moody's Assigns Ba3 Rating on $200MM Sr. Unsecured Notes
DPL INC: S&P Rates Proposed $200MM Sr. Unsecured Notes 'BB'
DRESSER-RAND GROUP: S&P Puts 'BB' CCR on CreditWatch Positive
ECHO THERAPEUTICS: Suspends Operations to Conserve Liquidity

ECOTALITY INC: Shareholders' Class Suit v. Executives Tossed
ELDORADO RESORTS: Moody's Affirms B2 Corporate Family Rating
EPIQ SYSTEMS: S&P Puts 'BB-' Corp Credit Rating on Watch Negative
FTS INTERNATIONAL: S&P Raises CCR to 'B' on Strong Liquidity
GO BOLLYWOOD: Case Summary & 6 Largest Unsecured Creditors

GROVE ESTATES: Case Summary & 8 Largest Unsecured Creditors
HALLWOOD ENERGY: Hunton Mostly Escapes $50M Malpractice Suit
HRK HOLDINGS: Court Wants Disclosure Statement Filed by Oct. 22
HULDRA SILVER: Creditors Approve Restructuring Plan
IHEARTCOMMUNICATIONS INC: Offering $250-Mil. Guarantee Notes

IMRIS INC: Enters Into Waiver & Amendment Agreement with Deerfield
INERGETICS INC: Won't Make $1.5 Million Debt Payment
ISC8 INC: Case Summary & 20 Largest Unsecured Creditors
ITR CONCESSION: Wants to Hire KCC as Claims & Balloting Agent
ITR CONCESSION: Proposes Bar Dates for Claims of At Least $25MM

ITR CONCESSION: Has Deal to Assume Concession Agreement
J&B HALDEMAN: Defaulted on Plan Payments to Black River Bank
JAMES RIVER COAL: PBGC to Pay Pension Benefits
JOHN CAMPBELL MCTIERNAN: Court Won't Convert Case to Chapter 7
KEMET CORP: Expects Q2 Net Income of $206MM to $212MM

KIMROW INC: Case Summary & 20 Largest Unsecured Creditors
LARSEN ROAD: Court Dismisses Chapter 11 Case
LPATH INC: To Offer $12.5 Million Worth of Common Shares
MILNER DISTRIBUTION: Voluntary Chapter 11 Case Summary
MIRACIT DEVELOPMENT: Case Summary & 12 Top Unsecured Creditors

MOMENTIVE PERFORMANCE: Plan Opponents to Appeal Dist. Court Order
MOMENTIVE PERFORMANCE: Files Amended Form T-3 for 2021 Notes
MOMENTIVE PERFORMANCE: Files Amended Form T-3 for 2022 Notes
MTR GAMING: Moody's Affirms B3 CFR & Revises Outlook to Negative
NATIONAL MENTOR: S&P Raises Corp Credit Rating to 'B+'

NET ELEMENT: Francesco Piovanetti Holds 9.7% Equity Stake
NEOMEDIA TECHNOLOGIES: Reports Revised Q1 Net Income of $15,000
NEW LOUISIANA: Palm Terrace Debtors Win Interim Okay of DIP Loan
NEW LOUISIANA: Neligan Foley Hiring Approved on Interim Basis
NEW LOUISIANA: Court Says Patient Care Ombudsman Not Necessary

NEW LOUISIANA: Schedules Filing Deadline Extended Thru Sept. 30
NEWLEAD HOLDINGS: Reports Delivery of 3rd Eco-Type Vessel
NORTEL NETWORKS: International Cash Clash to End in Two Decisions
NORTHERN BEEF PACKERS: Scott Olson Digging Allowed $205,000 Claim
NORTHERN BEEF: Sues 3 Companies to Recoup Payments

PLY GEM HOLDINGS: Unit Closes $150 Million Notes Offering
RADIOSHACK CORP: Restructuring Talks with Major Vendor Ongoing
REVEL AC: Lawyers Adjourn Bankruptcy Auction For Rosh Hashanah
RESPONSE BIOMEDICAL: Anthony Holler Named Interim CEO
ROCHDALE SECURITIES: Former Broker-Dealer Seeks Chapter 11

ROCHDALE SECURITIES: Proposes Zeisler & Zeisler as Counsel
ROCHDALE SECURITIES: Case Summary & 20 Top Unsecured Creditors
SANTA CLARA, UT: Moody's Affirms Ba1 Electric Bonds Rating
SOLAR POWER: Inks Asset Purchase Agreement With Hawaiian Power
SPENDSMART NETWORKS: Buys Web Related Assets of TechXpress

TAYLOR BEAN: Freddie Mac Sues Deloitte For $1.3B Over Fraud
TOOTIE PIE: Chapter 11 Bankruptcy Comes to a Close
TOYS R US: Announces $1 Billion Debt Refinancing
TRULAND SYSTEMS: 92 Vehicles Up for Sale in Second Auction
UNION CITY MIRROR: Voluntary Chapter 11 Case Summary

US FOODS: Moody's Says Sysco Downgrade No Impact on B3 CFR
WALTER ENERGY: To Pay 50% of Second Lien Notes Interest in Cash
XPO LOGISTICS: S&P Affirms B Corp Credit Rating on Equity Infusion

* California Man Found Guilty in $5.8MM Mortgage Fraud Scheme
* Credit Suisse Loans Draw Fed Scrutiny
* Renovo Capital Holds Final Close on $132-Mil. Fund II

* New York Announces New Debt Collection Rules
* Student-Loan Borrowers Have Chance to Refinance at Lower Rates
* Washington Warily Eyes Cities' Loan-Seizure Proposals

* Anderson Kill to Hold Bankruptcy Seminar for Oct. 16

* ESBA Announces Integration of Services with Friedman
* Hynes Bags 2014 American Inns of Court Professionalism Award
* Revere Finance Changes Name to Big Shoulders Capital

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


30DC INC: Releases Version 7 of Magcast Publishing Platform
-----------------------------------------------------------
30DC, Inc., announced the release of version 7 of the MAGCAST
Digital Publishing Platform (MagCast).

The key new feature of version 7 is the introduction of an in-app
sales funnel.  Other improvements include a user interface that
allows content creators to better target specific readers with
marketing offers, enhance list building and increase reader
engagement.  The platform upgrades also save content creators
significant time in preparing individual issues for all platforms.
MagCast version 7 is optimized both for Android and for iOS 8,
which is the first iOS version that lets marketers track sources
of traffic, conversions and in-app purchases.

IN-APP SALES FUNNELS is one of the most important features version
7 introduces.  It gives content creators the ability to use sales
funnels inside a MagCast without the need to send users to an
external web site.

"We are very excited  about the new features in MagCast  version
7," says Dennis Crosby, CEO of DC Magazines, LLC,  which has
already  published  eight MagCast magazines including Craft Beer
Magazine and Sovereign Survival.  "We have several partnership
magazines where we sell high-end products on related blog web
sites.  In the past, we spent months building those blog sites in
order to create content that would eventually lead to sales.  With
MagCast version 7, we will now be able to integrate the sales
funnel into digital MagCast  magazine issues and make sales
instantly.  This is an amazing new feature that will not only save
us time and money, but will also lead to sales we otherwise would
have missed."  DC Magazines currently has four additional
magazines in development in addition to the eight already
available for subscription.

                           About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

The Company reported a net loss of $407,642 on $1.97 million of
total revenue for the year ended June 30, 2013, as compared with
net income of $32,207 on $2.91 million of total revenue during the
prior fiscal year.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended June 30,
2013.  The independent auditors noted that the Company has a
working capital deficit and stockholders' deficiency as of
June 30, 2012.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


AMERICAN AXLE: To Settle Obligations to Pension Participants
------------------------------------------------------------
American Axle & Manufacturing Holdings, Inc., plans to offer a
voluntary one-time lump sum cash payment option to certain
eligible terminated vested participants in the Company's U.S.
pension plans that, if accepted, would settle the Company's
pension obligations to them, according to a regulatory filing with
the U.S. Securities and Exchange Commission.  The Company expects
that the lump sum settlements, which will be paid from plan
assets, will reduce its liabilities and administrative costs.

The AAM Pension Payout Offer will be open from Oct. 2, 2014,
through Nov. 12, 2014, to approximately 6,000 of the Company's
14,000 total U.S. pension plan participants.  In addition to the
lump sum cash payment option, the AAM Pension Payout Offer will
allow participants to commence payment of their monthly benefits
early.

The one-time lump sum cash payments will be made in December 2014.
As a result, the Company expects to incur a non-cash charge in the
fourth quarter of 2014.  The amount of this non-cash charge will
be based upon participation rates, the value of plan assets and
discount rates at Dec. 31, 2014.

                        About American Axle

Headquartered in Detroit, Michigan, American Axle & Manufacturing
Holdings Inc. (NYSE: AXL) -- http://www.aam.com/-- manufactures,
engineers, designs and validates driveline and drivetrain systems
and related components and chassis modules for light trucks, sport
utility vehicles, passenger cars, crossover vehicles and
commercial vehicles.

The Company's balance sheet at June 30, 2014, showed $3.20 billion
in total assets, $3.05 billion in total liabilities and $143.4
million in total equity.

                           *     *     *

In September 2012, Moody's Investors Service affirmed the 'B1'
Corporate Family Rating (CFR) and Probability of Default Rating
(PDR) of American Axle.

American Axle carries a 'BB-' corporate credit rating from
Standard & Poor's Ratings Services.  "The 'BB-' corporate credit
rating on American Axle reflects the company's 'weak' business
risk profile and 'aggressive' financial risk profile, which
incorporate substantial exposure to the highly cyclical light-
vehicle market," S&P said, as reported by the TCR on Sept. 6,
2012.

As reported by the TCR on Sept. 1, 2014, Fitch Ratings has
upgraded the Issuer Default Ratings (IDRs) of American Axle &
Manufacturing Holdings, Inc. (AXL) and its American Axle &
Manufacturing, Inc. (AAM) subsidiary to 'BB-' from 'B+'.  The
upgrade of the IDRs for AXL and AAM is supported by the
fundamental improvement in the drivetrain and driveline supplier's
credit profile over the past several years.


AMERITOX LTD: S&P Lowers CCR to 'CCC' on Decision to Not Refinance
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Baltimore, Md.-based toxicology testing provider
Ameritox Ltd. to 'CCC' from 'B-' following the company's decision
not to pursue its refinancing deal announced in August.  S&P
revised its outlook to negative, reflecting the risk that the
company might exhaust its liquidity sources within the next six
months.

At the same time, S&P withdrew its 'B-' issue-level rating on the
company's new first-lien debt that was a part of the refinancing
deal.

Subsequently, S&P withdrew its corporate credit rating on Ameritox
at the issuer's request.

Following the company's decision not to pursue the refinancing
transaction, S&P downgraded Ameritox to reflect the company's
existing capital structure, with its near term maturity and heavy
amortization requirements, and S&P's view that Ameritox may not be
able to successfully refinance this obligation prior to exhausting
liquidity.


AUXILIUM PHARMACEUTICALS: Rejects Endo's Purchase Proposal
----------------------------------------------------------
Auxilium Pharmaceuticals, Inc.'s Board of Directors has
unanimously determined to turn down the unsolicited, non-binding
and conditional proposal from Endo International plc to
acquire all of the outstanding shares of Auxilium common stock at
a price of $28.10 per share in cash and Endo stock.  The Board had
determined that Endo's proposal significantly undervalues the
Company, according to a regulatory filing with the U.S. Securities
and Exchange Commission.

In addition, the Board has unanimously reaffirmed its
recommendation that Auxilium's stockholders vote in favor of the
adoption of the existing merger agreement with QLT Inc.  The
Company previously entered into the Agreement with QLT whereby a
wholly owned subsidiary of QLT will be merged with and into
Auxilium and with Auxilium continuing as the surviving corporation
as an indirect wholly owned subsidiary of QLT.

Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are
acting as financial advisors to Auxilium.  Willkie Farr &
Gallagher LLP, Skadden, Arps, Slate, Meagher & Flom LLP, and
Morgan, Lewis & Bockius LLP are acting as legal advisors to
Auxilium.

                     Obtains Add'l $50MM Loan

The Company and its existing domestic subsidiaries previously
entered into a credit agreement and related security and other
agreements on April 26, 2013, with Morgan Stanley Senior Funding,
Inc., as administrative agent providing for a $225,000,000 senior
secured term loan.

On Sept. 19, 2013, the Parties entered an Incremental Assumption
Agreement under the Credit Agreement which provided for the
addition of an incremental facility in the principal amount of
$50,000,000.  The Parties entered into the Third Amendment
Agreement with the lenders holding more than 50% of the Existing
Term Loans.

On Sept. 22, 2014, the Company and its existing domestic
subsidiaries entered into an Incremental Assumption Agreement with
the Agent pursuant to and under the Credit Agreement providing for
a $50,000,000 senior secured term loan to be used by the Company
for general corporate purposes.  The Second Incremental Term Loan
is in addition to the Existing Term Loans previously extended to
the Company under the Credit Agreement.  The Second Incremental
Term Loan is on terms and conditions consistent with those set
forth in the Credit Agreement and the Agreement, including
interest rates equal to the base rate or LIBOR rate, at the
election of the Company, plus a margin of 4.0% for base rate loans
and 5.0% for LIBOR rate loans.

A copy of the Incremental Assumption Agreement dated Sept. 22,
2014, is available for free at http://is.gd/Oe1UIP

Meanwhile, Auxilium registered with the SEC 2.5 million shares at
a proposed offering price of $54.5 million issuable under the 2004
Equity Compensation Plan Amended and Restated as of May 21, 2014.
A copy of the Form S-8 prospectus is available at:

                         http://is.gd/d9wjYH

                           About Auxilium

Auxilium Pharmaceuticals, Inc. -- http://www.Auxilium.com/-- is a
fully integrated specialty biopharmaceutical company with a focus
on developing and commercializing innovative products for
specialist audiences.  With a broad range of first- and second-
line products across multiple indications, Auxilium is an emerging
leader in the men's healthcare area and has strategically expanded
its product portfolio and pipeline in orthopedics, dermatology and
other therapeutic areas.

Auxilium now has a broad portfolio of 12 approved products.  Among
other products in the U.S., Auxilium markets edex(R) (alprostadil
for injection), an injectable treatment for erectile dysfunction,
Osbon ErecAid(R), the leading device for aiding erectile
dysfunction, STENDRATM (avanafil), an oral erectile dysfunction
therapy, Testim(R) (testosterone gel) for the topical treatment of
hypogonadism, TESTOPEL(R) (testosterone pellets) a long-acting
implantable testosterone replacement therapy, XIAFLEX(R)
(collagenase clostridium histolyticum or CCH) for the treatment of
Peyronie's disease and XIAFLEX for the treatment of Dupuytren's
contracture.

The Company also has programs in Phase 2 clinical development for
the treatment of Frozen Shoulder syndrome and cellulite.

The Company's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $935.82 million in total liabilities and $179.40
million in total stockholders' equity.

                           *     *     *

As reported by the TCR on May 7, 2014, Moody's Investors Service
downgraded the ratings of Auxilium Pharmaceuticals, Inc.,
including the Corporate Family Rating to B3 from B2.  "The
downgrade reflects Moody's expectations that declines in Testim,
Auxilium's testosterone gel, will materially reduce EBITDA
in 2014, resulting in negative free cash flow, a weakening
liquidity profile, and extremely high debt/EBITDA," said Moody's
Senior Vice President Michael Levesque.

The TCR reported on Sept. 23, 2014, that Standard & Poor's Ratings
Services raised its corporate credit rating on Auxilium
Pharmaceuticals Inc. to 'CCC+' following the announced
restructuring program and a $50 million add-on to its existing
first-lien term loan.


ANACOR PHARMACEUTICALS: Launches Kerydin Topical in the U.S.
------------------------------------------------------------
Anacor Pharmaceuticals, Inc., announced the U.S. launch of
Anacor's FDA-approved drug KERYDINTM (tavaborole) topical
solution, 5% by Sandoz Inc., a Novartis company.  KERYDIN is the
first oxaborole antifungal indicated for the topical treatment of
onychomycosis of the toenails, a fungal infection of the nail and
nail bed that affects approximately 35 million people in the
United States, according to Podiatry Today.  In July 2014, Anacor
announced that it had entered into an exclusive agreement with
Sandoz, pursuant to which Sandoz will distribute and commercialize
KERYDIN in the United States.

"We are pleased to announce the commercial launch of Anacor's
first approved product, KERYDIN, through PharmaDerm, the branded
dermatology division of Sandoz," said Paul Berns, Chairman and
chief executive officer of Anacor Pharmaceuticals.  "We have been
working closely with the team at PharmaDerm and are confident in
their ability to commercialize KERYDIN in the U.S."

                    About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

Anacor reported net income of $84.76 million in 2013, a net loss
of $56.08 million in 2012 and a net loss of $47.94 million in
2011.  The Company's balance sheet at June 30, 2014, showed
$137.63 million in total assets, $48.02 million in total
liabilities, $4.95 million in redeemable common stock and $84.65
million in total stockholders' equity.


BAYOU SHORES SNF: Medicaid Appeals Ruling on Continued Funding
--------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
U.S. Bankruptcy Court Judge Michael Williamson has told Medicaid
officials that bankruptcy's protective powers meant they must
continue paying for patients at the Rehabilitation Center of St.
Petersburg pending the nursing home's bankruptcy.

WSJ added that Medicaid officials are appealing Judge Williamson's
ruling.

The report noted that the nursing home's Medicaid funding was at
risk after health inspectors found "rampant, serious problems" at
the 159-bed facility earlier this year. After the inspections,
Medicaid threatened to terminate the facility's provider
agreement.

WSJ also reported that the ruling caught the attention of
financial advisers and bankruptcy professionals who said the
ruling could help them convince federal health regulators that a
once-struggling health-care facility deserves another chance,
especially if that facility is at risk of losing its provider
agreement.  "It's very difficult to get a state or federal agency
off of the path of revoking the license" once quality-of-care
issues have been raised, even if management changes, said Paul
Rundell, managing director in consulting firm Alvarez & Marsal's
health-care services group, the report noted.

WSJ said all but three patients at the Rehabilitation Center of
St. Petersburg were being paid for by the federal Medicaid or
Medicare programs, according to court papers, and about 90% of the
facility's $14.6 million in revenue last year came from the
government as a result.

                    About Bayou Shores SNF LLC

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No. 14-
09521) on August 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1
million to $10 million.  The petition was signed by Tzvi
Bogomilsky, managing member.


BEAZER HOMES: Amends Employment Agreements with Executives
----------------------------------------------------------
Beazer Homes USA, Inc., entered into new employment agreements
with each of its named executive officers: Allan P. Merrill, the
president and chief executive officer; Robert L. Salomon, the
executive vice president and chief financial officer; and Kenneth
F. Khoury, the executive vice president, general counsel, chief
administrative officer and corporate secretary.  The New
Agreements replace the Company's existing employment agreements
with Messrs. Merrill, Salomon and Khoury, which were entered into
effective June 2011 and scheduled to expire in June 2015.

In connection with and pursuant to the New Agreements, the
Compensation Committee of the Board of Directors made a retention
grant of restricted stock to Messrs. Merrill, Salomon and Khoury
and increased the stock ownership requirements applicable to the
named executive officers.  The Compensation Committee's
determination to enter into the New Agreements, grant the
retention awards and increase the stock ownership requirements
applicable to the named executive officers reflects the
Committee's desire to:

   * retain, continue to motivate and recognize the contributions
     of the Company's highly-qualified executive management team,
     which has successfully undertaken numerous actions to drive
     the Company's return to profitability since assuming their
     current management roles in June 2011; and
   * provide an enhanced equity stake to further align the
     interests of management and stockholders over the long-term.

New Employment Agreements

The New Agreements are substantially identical in non-economic
terms, and set forth each executive's responsibilities, non-
competition and non-solicitation obligations, confidentiality and
intellectual property obligations and restrictions, and
termination provisions.

The initial base salaries and target annual performance bonus
opportunities under the New Agreements are the same as those that
were in effect for each executive during fiscal year 2014.  Mr.
Merrill's new employment agreement provides for a base salary of
$900,000, a target annual performance bonus opportunity of 150% of
base salary and annual long-term incentive awards pursuant to the
Company's 2014 Long-Term Incentive Plan of up to 250% of base
salary.  The new employment agreements for Messrs. Salomon and
Khoury each provide for a base salary of $525,000, a target annual
performance bonus opportunity of 100% of base salary and annual
long-term incentive awards pursuant to the Plan of up to 175% of
base salary.  Performance metrics and actual target opportunities
for any given year remain within the discretion of the
Compensation Committee.

One-Time Retention Awards

In connection with and pursuant to the terms of the New
Agreements, on Sept. 18, 2014, the Compensation Committee granted
to Messrs. Merrill, Salomon and Khoury 250,000, 80,000 and 80,000
shares, respectively, of restricted stock under the Plan.  The
Retention Awards vest on the fourth anniversary of the grant date,
subject to each individual's continued employment with the Company
until such vesting date.  The vesting period for the Retention
Awards is concurrent with the four-year term of the New
Agreements, although the Retention Award agreements provide for
accelerated vesting under certain circumstances.

Amendment of Stock Ownership Policy

In connection with the grant of the Retention Awards to Messrs.
Merrill, Salomon and Khoury, the Compensation Committee amended
the Company's named executive officer and outside director stock
ownership policy.  The stock ownership policy requires each named
executive officer to own the lesser of either a multiple of base
salary (or, for directors, annual retainer) or a fixed number of
shares (set at policy adoption).  Pursuant to the recent
amendments, the ownership requirement for the Chief Executive
Officer was increased, from 3.0 times base salary to 5.0 times
base salary, and the ownership requirement for the other named
executive officers was increased, from 1.5 times base salary to
3.0 times base salary.

                         About Beazer Homes

Beazer Homes USA, Inc. (NYSE: BZH) -- http://www.beazer.com/--
headquartered in Atlanta, is one of the country's 10 largest
single-family homebuilders with continuing operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada,
New Jersey, New Mexico, North Carolina, Pennsylvania, South
Carolina, Tennessee, Texas, and Virginia.  Beazer Homes is listed
on the New York Stock Exchange under the ticker symbol "BZH."

Beazer Homes incurred a net loss of $33.86 million for the year
ended Sept. 30, 2013, a net loss of $145.32 million for the year
ended Sept. 30, 2012, and a net loss of $204.85 million for the
year ended Sept. 30, 2011.

As of June 30, 2014, the Company had $1.97 billion in total
assets, $1.75 billion in total liabilities and $219 million in
total stockholders' equity.

                           *     *     *

Beazer carries a 'B-' issuer credit rating, with "negative"
outlook, from Standard & Poor's.

In the Jan. 30, 2013 edition of the TCR, Moody's Investors Service
raised Beazer Homes USA, Inc.'s corporate family rating to 'Caa1'
from 'Caa2' and probability of default rating to 'Caa1-PD' from
'Caa2-PD'.  The ratings upgrade reflects Moody's increasing
confidence that Beazer's credit metrics, buoyed by a stregthening
housing market, will gradually improve for at least the next two
years and that the company may be able to return to a modestly
profitable position as early as fiscal 2014.

As reported by the TCR on Sept. 10, 2012, Fitch Ratings has
upgraded the Issuer Default Rating (IDR) of Beazer Homes USA, Inc.
(NYSE: BZH) to 'B-' from 'CCC'.  The upgrade and the stable
outlook reflect Beazer's operating performance so far this year,
its robust cash position, and moderately better prospects for the
housing sector during the remainder of this year and in 2013.  The
rating is also supported by the company's execution of its
business model, land policies, and geographic diversity.


BBB INDUSTRIES: Moody's Assigns B2 CFR & Rates $120MM Loan Caa1
---------------------------------------------------------------
Moody's Investors Service assigned BBB Industries U.S. Holdings,
Inc., parent of BBB Industries ("BBB"), a B2 Corporate Family
Rating and B2-PD Probability of Default Rating. In a related
action, Moody's assigned B1 ratings to the company's proposed
senior secured $70 million first lien revolving credit facility
and $275 million first lien term loan, and a Caa1 rating to the
company's proposed $120 million second lien term loan. The rating
outlook is stable.

Proceeds from the first and second lien facilities, along with a
significant infusion of equity, will be used by Pamplona Capital
Management to acquire BBB Industries, refinance the company's
existing debt, put $10 million of cash on the balance sheet, and
pay related fees and expenses.

The following rating actions were taken:

Corporate Family Rating, assigned at B2;

Probability of Default Rating, assigned at B2-PD;

$70 million senior secured first lien revolving credit facility
due 5 years, assigned B1 (LGD3);

$275 million senior secured first lien term loan due 7 years,
assigned B1 (LGD3);

$120 million senior secured second lien term loan due 8 years,
assigned Caa1 (LGD5);

Outlook, assigned stable.

Ratings Rationale

BBB Industries' B2 Corporate Family Rating reflects the company's
modest size, high customer concentration, North American regional
focus, high leverage, and reliance on draft programs. BBB is a
longstanding supplier of rotating electrical (starters and
alternators) and steering parts to the automotive aftermarket and
entered the brake caliper business through an acquisition in 2013.
While the company has grown through new customer wins and
acquisitions over recent years, it operates in a competitive
marketplace with a number of similarly sized competitors and
remains modestly sized. Further weighing on the rating is the high
level of customer concentration with the top three customers
representing over 60% of the company's revenue. Supporting the
rating is the non-discretionary nature of the company's
replacement products which are required for vehicle operation. As
such, BBB is expected to benefit from increasing long-term demand
driven by the increasing number and age of registered passenger
cars in North America. BBB's operating performance over the near-
term is expected to benefit from generally favorable industry
dynamics as well as new business wins with key customers across
the company's three product lines: rotating electrical, steering,
and calipers. The B2 rating further reflects Moody's expectation
for leverage to decline to below 5.0x by fiscal year end 2015.

The stable outlook reflects Moody's expectation for continued
revenue and EBITDA growth from new business and that BBB will
maintain strong credit metrics for the assigned rating which
somewhat mitigates the company's modest scale and high customer
concentration.

Developments that could lead to a lower rating include
deterioration in automotive aftermarket conditions which are not
offset by cost saving actions, resulting in EBITA/interest below
2.0x or Debt/EBITDA sustained above 6.0x. An inability to onboard
new business efficiently or a deterioration in the company's
liquidity profile, including higher usage or inability to renew
customer finance draft programs, could also lead to a downgrade.
Additionally, debt financed acquisitions or shareholder returns
could also result in a lower rating.

While not anticipated in the near term, considerations that could
lead to a change in outlook or rating upgrade include continued
improvement in scale and further customer diversification, given
the high level of customer concentration. An upgrade would also
require an improvement in operating performance supporting the
company's ability to maintain EBITA/Interest over 3.5x and
debt/EBITDA under 4.0 times, using free cash flow to reduce debt
on a consistent basis rather than for shareholder returns.

BBB Industries U.S. Holdings, Inc., parent of BBB Industries,
("BBB"), headquartered in Mobile, Alabama, is a leading supplier
of remanufactured automotive replacement parts to the North
American automotive and light truck aftermarket, including
starters, alternators, brake calipers, and power steering
components. The company is majority owned by affiliates of
Pamplona Capital Management.


BROADWAY FINANCIAL: Unit Gets $355,00 Enterprise Award From CDFI
----------------------------------------------------------------
Broadway Financial Corporation, announced that on Thursday
September 18th, its wholly-owned subsidiary, Broadway Federal
Bank, f.s.b., received a Bank Enterprise Award of $355,000 for
providing Affordable Housing Development Loans and Project
Investments and Service Activities in California.  This award was
part of the fiscal year 2014 BEA Program offered by the U.S.
Department of the Treasury's Community Development Financial
Institutions Fund.

The Bank was one of 69 FDIC-insured depository institutions that
received awards under the fiscal year 2014 BEA Program, which
awarded a total of nearly $17.9 million to support the selected
depositary institutions in their efforts to serve economically
distressed communities across the nation.  Recipients of the
awards are required to invest their awards in eligible activities,
such as affordable housing projects, small business loans and
commercial real estate projects, in distressed communities.  The
activities that qualify a potential recipient for an award under
the BEA Program occur in census tracts where at least 30 percent
of the population lives at or below the national poverty level and
where the unemployment rate is 1.5 times above the national
average.  Awards granted were selected after a comprehensive
review of 98 applications received by the CDFI Fund from FDIC-
insured depository institutions across the nation.

Chief Executive Officer, Wayne Bradshaw, stated, "We are honored
to be selected again as a recipient under the BEA Program, which
recognizes Broadway's long standing commitment to serving low-to-
moderate income communities in Southern California.  The award
will provide valuable support for advancing our mission by
strengthening our earnings and capital base, and will further our
efforts to build our loan portfolio, particularly in loans secured
by multi-family properties, and increase our other community
development activities."

The award will be included in non-interest income in the quarter
in which the actual award proceeds are received.  In the first
quarter of 2014 the Company reported an award of approximately
$200 thousand that the Company received under the fiscal year 2013
BEA Program.

                      About Broadway Financial

Los Angeles, Calif.-based Broadway Financial Corporation was
incorporated under Delaware law in 1995 for the purpose of
acquiring and holding all of the outstanding capital stock of
Broadway Federal Savings and Loan Association as part of the
Bank's conversion from a federally chartered mutual savings
association to a federally chartered stock savings bank.  In
connection with the conversion, the Bank's name was changed to
Broadway Federal Bank, f.s.b.  The conversion was completed, and
the Bank became a wholly owned subsidiary of the Company, in
January 1996.

The Company is regulated by the Board of Governors of the Federal
Reserve System.  The Bank is regulated by the Office of the
Comptroller of the Currency and the Federal Deposit Insurance
Corporation.

Broadway Financial reported a loss allocable to common
stockholders of $1.08 million in 2013, a loss allocable to common
stockholders of $693,000 in 2012 and a net loss available to
common shareholders of $15.36 million in 2011.

The Company's balance sheet at March 31, 2014, the Company had
$335.07 million in total assets, $308.51 million in total
liabilities and $26.56 million in total stockholders' equity.


BROOKINS COMMUNITY: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Brookins Community AME Church
           aka Brookins Community AME Church, Inc.
           aka The Brookins Community African Methodist Episcopal
           Church
        4831 S. Gramercy Place
        Los Angeles, CA 90062-2238

Case No.: 14-28127

Chapter 11 Petition Date: September 23, 2014

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

Judge: Hon. Ernest M. Robles

Debtor's Counsel: J Scott Williams, Esq.
                  THE WILLIAMS FIRM PLC
                  15615 Alton Pkwy Ste 175
                  Irvine, CA 92618
                  Tel: 949-660-8680
                  Fax: 866-284-8670
                  Email: jwilliams@williamsbkfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gregory K. McLeod, senior pastor.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb14-28127.pdf


BURGER KING: Fitch Says Inversion Rules Could Test T. Horton Deal
-----------------------------------------------------------------
The strategic merits of Burger King Worldwide's (B+/Watch
Negative) LBO of Tim Hortons Inc. will be tested by Monday's
enactment of tightened U.S. Treasury tax rules on U.S. companies
seeking to re-domicile their headquarters in countries with more
favorable tax systems, according to Fitch Ratings.

The new regulation is meant to reduce the attractiveness of
inversions and is effective immediately.  However, Fitch believes
new rules won't likely deter the Burger King/Tim Hortons
transaction.  The deal is valued at approximately $12 billion
(including net debt), which would rank it as the largest
restaurant LBO in U.S. history.

Upon preliminary review, some of the changes announced under the
new regulation for inversions involve taxing certain intercompany
loans (also known as "hopscotch loans"), subjecting foreign
undistributed earnings to taxation irrespective of the new
corporate structure, and strengthening the less-than-80% ownership
requirement to avoid the new parent from being treated as a U.S.
corporation.  Fitch believes the structure of the LBO will help
the firm avoid some of these challenges.

Burger King's majority owner, 3G Capital, is expected to own 51%
of the new Canadian-based company, while Burger King and Tim
Hortons shareholders will own 27% and 22%, respectively, allowing
the firm to meet the less-than-80% ownership requirement.
Moreover, cash flow from Tim Hortons operations should be able to
sufficiently service the $9 billion of dollar-denominated debt
being issued to partially fund the transaction, potentially
circumventing new rules on hopscotch loans between Burger King and
its new Canadian-parent.

Burger King has downplayed the tax benefits of its plan to acquire
Tim Hortons with the parent of the new combined company legally
organized in Canada, stating that the firm's mid-to-high 20%
effective tax rate is largely consistent with Canadian tax rates.
Management has indicated that the transaction is more about growth
with two complementary fully franchised businesses merging to
create the third-largest quick-service restaurant company in the
world.

Fitch agrees that the combination of Burger King and Tim Hortons
has good strategic merit and, though the near-term credit impact
is negative, expects both parties to benefit from increased
efficiencies of scale, brand diversification and multiple levers
for future growth.  Nonetheless, future potential tax benefits
provided by the proposed structure should not be overlooked, even
if the firm's effective tax rate remains unchanged.

During 2013, 41% of Burger King's $743 million of operating income
before unallocated expenses was from outside of North America.
Fitch expects this percentage to grow as accelerating
international expansion remains a core component of the firm's
business strategy.  Canada's territorial tax system is to likely
provide a more tax-efficient way to access this growing base of
earnings.

Fitch placed Burger King's ratings on Negative Watch on Aug. 27,
2014 due to a potential two-turn increase in leverage on a pro
forma basis.  On Sept. 18, 2014, Fitch rated the new Canadian-
based entity issuing the debt to finance the transaction
'B'/Stable and assigned expected ratings of 'BB/RR1' to $6.75
billion of term loans and 'B/RR4' to $2.25 billion of second lien
notes being issued to partially finance the deal.


CBRE SERVICES: S&P Assigns 'BB' Rating on New $300MM Unsec. Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned a 'BB' issue
rating and '5' recovery rating to CBRE Services Inc.'s proposed
$300 million offering of senior unsecured notes.  The '5' recovery
rating indicates S&P's expectation of modest (10% to 30%) recovery
in the event of default.  The notes do not affect S&P's 'BB+'
issuer credit rating on the company.

CBRE will use the proceeds of the notes, which will mature in
2025, along with cash to redeem $350 million of unsecured notes
due in 2020.  The offering will lower the company's recourse debt
by $50 million to about $2.1 billion and should also modestly
reduce its interest expense.  S&P's outlook on CBRE's issuer
credit rating remains positive, reflecting its expectation that
the company will further reduce its leverage and continue to grow
the businesses that generate the company's most stable cash flows,
especially its global corporate services.

RATINGS LIST

CBRE Services Inc.
Issuer Credit Rating       BB+/Positive/--

New Rating

CBRE Services Inc.
Senior Unsecured
  $300 mil notes due 2025   BB
   Recovery Rating          5


CENTRAL PACIFIC FINANCIAL: Fitch Affirms BB+ Issuer Default Rating
------------------------------------------------------------------
Fitch Ratings has affirmed Central Pacific Financial's (CPF) Long-
term Issuer Default (IDR) at 'BB+' with a Stable Outlook.  The
rating reflects current performance in line with the 'BB+' group
as well Fitch's expectation that CPF's financial performance and
company profile will remain stable over the medium term.

KEY RATING DRIVERS - IDRs, VRs AND SENIOR DEBT

CPF's 'BB+' rating reflects solid asset quality metrics and
earnings in line with the rating category.  Additionally, Fitch's
rating assumes CPF's strategic goals and balance sheet targets
remain in line with Fitch's assumptions.  Most notably, Fitch
expects CPF to normalize capital levels, grow loans as a
percentage of total assets, maintain low levels of construction
exposure and avoid meaningful mainland loan exposures.

Now that the bulk of CPF's asset quality and regulatory issues are
resolved, Fitch believes earnings growth is more of a focal point
for the company.  To improve returns, Fitch notes that CPF plans
to normalize its balance sheet through loan growth.  Fitch expects
CPF to grow its loan to deposit ratio from 70% to approximately
80% to 85% over time.  In the interim, CPF has grown its
syndicated national credit portfolio (SNC) to augment organic loan
growth.

To generate additional loan growth, CPF has kept increasing
amounts of residential loans on the balance sheet.  Regulatory
filings show that 20% of loans and securities have repricing dates
over 15 years out compared to just 7% for peers.  Fitch believes
CPF's low-cost, sticky deposit franchise alleviates some of the
interest rate risk inherent in holding longer duration assets.
Although CPF's interest rate model points to a fairly neutral
balance sheet, Fitch remains cautious on the amount of potential
extension risk that the company might see from its residential
loan portfolio in a rising rate environment.

Asset Quality continues to improve.  Nonperforming assets declined
108 basis points (bps) to 2.6% of gross loans and foreclosed
assets.  Fitch expects continued gradual reduction of non-
performing assets (NPAs) over the near term.  Credit costs remain
low; net charge-offs totaled just 7bps through first half 2014
(1H'14) and 5bps in 2013.  CPF's reserves for loan losses remains
strong.  Fitch expects CPF to continue to manage down reserve
levels through either negative provisions or reserve releases
going forward.

CPF's capital levels are strong.  Tangible common equity (TCE)
totaled 11.7% of tangible assets, which ranks highest among
Fitch's community bank peer group.  Fitch expects the company to
manage TCE levels to a 9% to 10% range going forward.

Profitability remains in line with CPF's rating category with a
return on average assets at 0.79% through 1H'14.  CPF's earnings
include some benefit from reserves.  Fitch does not anticipate
meaningful improvement in core earnings in the near term.

RATING SENSITIVITIES - IDRS, VRs AND SENIOR DEBT

Fitch believes CPF's ratings can move higher given sustained asset
quality performance, moderated organic growth and improved
earnings.

CPF's ratings could move lower given a meaningful shift in medium-
term strategic goals.  Reduction of TCE below Fitch's expected 9%
to 10% range or a loan-to-deposit ratio well above Fitch's 80% to
85% expectation could result in a ratings downgrade.  Further,
significant net interest margin (NIM) compression in a rising rate
environment could lead to a ratings downgrade as the amount of
long duration assets remains a risk that Fitch will continue to
monitor.

Although not anticipated, significant construction loan
concentrations and loan exposure to the mainland could lead to a
ratings downgrade.  Fitch expects current and future management
teams to keep strategic loan growth confined within Hawaii and to
keep construction loan exposure to low levels.

KEY RATING DRIVERS - LONG- AND SHORT-TERM DEPOSIT RATINGS

CPF's uninsured deposit ratings at the subsidiary banks are rated
one notch higher than the company's IDR and senior unsecured debt
because U.S. uninsured deposits benefit from depositor preference.
U.S. depositor preference gives deposit liabilities superior
recovery prospects in the event of default.

KEY RATING SENSITIVITIES - LONG- AND SHORT-TERM DEPOSIT RATINGS

The ratings of long- and short-term deposits issued by the trust
bank and its subsidiaries are primarily sensitive to any change in
the company's IDR.  This means that should a Long-term IDR be
downgraded, deposit ratings could be similarly affected.

KEY RATING DRIVERS - SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

CPF's trust preferred stock rating at 'BB-' is two notches below
CPF's Viability Rating (VR) of 'BB+ in accordance with Fitch's
assessment of the instruments' non-performance and loss severity
risk profiles.

KEY RATING SENSITIVITIES - SUBORDINATED DEBT AND OTHER HYBRID
SECURITIES

The ratings of CPF's trust preferred securities are sensitive to
any change in the company's VR.

KEY RATING DRIVERS - SUPPORT RATING AND SUPPORT RATING FLOOR
CPF has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, CPF is not systemically important and therefore,
the probability of support is unlikely.  The IDRs and VRs do not
incorporate any support.

RATING SENSITVITIES - SUPPORT RATING AND SUPPORT RATING FLOOR
CPF's Support Rating and Support Rating Floor are sensitive to
Fitch's assumption around capacity to procure extraordinary
support in case of need.

KEY RATING DRIVERS - HOLDING COMPANY

The IDR and VR of CPF are equalized with its operating company,
Central Pacific Bank, reflecting its role as the bank holding
company, which is mandated in the U.S. to act as a source of
strength for its bank subsidiaries.

KEY RATING SENSITIVITIES - HOLDING COMPANY

If CPF became undercapitalized or increased double leverage
significantly there is the potential that Fitch could notch the
holding company IDR and VR from the ratings of the operating
companies.

Fitch has affirmed these ratings:

Central Pacific Financial Corp.

   -- Long-term IDR at 'BB+';
   -- Viability rating at 'bb+';
   -- Short-term IDR at 'B'.
   -- Support Rating Floor at 'NF';
   -- Support affirmed at '5'.

Central Pacific Bank

   -- Long-term IDR at 'BB+';
   -- Viability Rating at 'bb+';
   -- Short-term IDR at 'B'
   -- Long-term deposits at 'BBB-';
   -- Short-term deposits at 'B';
   -- Support Rating Floor at 'NF';
   -- Support Rating at '5.'

CPB Capital Trust I, II & IV

CPB Statutory Trust III & V

   -- Trust preferred securities at 'BB-'.


CORINTHIAN COLLEGES: Sued by CFPB for Predatory Lending
-------------------------------------------------------
Alan Zibel, writing for The Wall Street Journal, reported that the
U.S. consumer-finance regulator has sued troubled for-profit
education firm Corinthian Colleges Inc., alleging the company
prodded students into taking out unaffordable loans and used
aggressive debt-collection tactics.  According to the report, the
Consumer Financial Protection Bureau's lawsuit, filed in federal
court in Illinois, is the latest blow for the financially troubled
company, which reached a deal in July with the U.S. Department of
Education to sell off the bulk of its more than 100 campuses and
wind down the rest.

Corinthian Colleges, Inc. offers post-secondary courses in the
areas of health care, business, criminal justice, transportation
technology and maintenance, information technology, and
construction trades.  The Santa Ana, California-based Company
currently caters to 81,300 students.


DELUXE ENTERTAINMENT: Liquidity Support No Impact on Moody's CFR
----------------------------------------------------------------
Moody's Investors Service said Deluxe Entertainment Services
Group, Inc.'s ("Deluxe" or the "company") B2 Corporate Family
Rating (CFR) and stable outlook are not immediately impacted by
the recent announcement that Deluxe's equity sponsor, MacAndrews &
Forbes Holdings Inc. ("M&F"), will provide the company with a $100
million capital commitment, which Moody's view as credit positive.

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

Headquartered in Burbank, CA, Deluxe Entertainment Services Group,
Inc. ("Deluxe" or the "company") is a leading provider of end-to-
end solutions with a focus on digital content creation (post-set
production and post-production), media/distribution (for various
file formats and across multiple platforms) and asset management
to motion picture studios, television/cable-TV programs,
advertising agencies and enterprise customers globally through its
creative services business.


DELUXE ENTERTAINMENT: S&P Puts 'CCC' CCR on CreditWatch Positive
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'CCC' corporate
credit rating on Burbank, Calif.-based entertainment service
provider Deluxe Entertainment Services Group Inc. on CreditWatch
with positive implications.

The CreditWatch positive placement reflects S&P's expectation that
the $100 million cash injection from sponsor MacAndrews & Forbes
Holdings Inc. will provide the company relief from likely leverage
covenant violations in the short-term.  S&P had previously lowered
the corporate credit rating to 'CCC' on Aug. 21, 2014, because of
its expectation that the company would not be in covenant
compliance absent an equity cure or amendment for the Sept. 30
testing period.  The company's cushion of compliance as of
June 30, 2014 was less than 3%.

In consideration of a one-notch upgrade to 'CCC+', S&P will assess
the amount of equity used in the cure and its expectation for the
cushion of compliance over the next 12 months.  In a less likely
scenario, S&P could raise the rating two notches if it become
convinced that negative revenue trends will reverse and negative
discretionary cash flow will narrow or reverse.


DETROIT, MI: Ch. 9 Plan Trial Pushed Back to Sept. 29
-----------------------------------------------------
U.S. Bankruptcy Judge Steven Rhodes in Michigan pushed back to
Sept. 29 the trial on the confirmation of the plan of debt
adjustment for the city of Detroit to give Financial Guaranty
Insurance Co. and several hedge funds time to refashion their
objections to the plan, Law360 reported.

Judge Rhodes' decision follows the announcement of a deal between
the city and Syncora Holdings Ltd., which agreement left FGIC the
only remaining objector to the plan.  Bill Rochelle and Sherri
Toub, bankruptcy columnists for Bloomberg News, reported that the
bankruptcy judge gave FGIC and others 10 days to conduct
investigations regarding the latest iteration of the plan Detroit
filed this week to encompass the Syncora settlement.

BankruptcyData reported that the 10 hedge funds and financial
institutions allowed 10 days to probe the Syncora settlement are
Deutsche Bank AG, London, Dexia Credit Local and Dexia Holdings,
Panning Capital, Monarch Alternative Capital, Bronze Gable,
Aurelius Capital Management, Stone Lion Capital Partners,
BlueMountain Capital Management, the Macomb Interceptor Drain
Drainage District and Wilmington Trust in its capacity as
successor contract administrator.  FGIC and the 10 others have
until Sept. 26 to file objections to the Plan.

Lisa Lambert, writing for Reuters, reported that, in connection
with the plan trial, Judge Rhodes allowed an expert witness hand-
picked by the federal judge overseeing Detroit's historic
bankruptcy case to testify on the feasibility of the plan without
restrictions.  Judge Rhodes said Martha Kopacz, a senior managing
director at Phoenix Management Services in Boston, is qualified to
give her expert opinion, noting that her "specialized knowledge
will help the court to understand the evidence and to determine
whether the city's plan of adjustment is feasible," the Reuters
report said.  Judge Rhodes, in allowing Ms. Kopacz to testify
without restrictions, denied Detroit's Police and Fire Retirement
System and General Retirement System's motion to exclude Ms.
Kopacz's testimony relating to the pension systems, contending she
lacks qualifications on those matters and testifying about the
pension funds was beyond the scope of her appointment.

                  About City of Detroit, Michigan

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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

                           *     *     *

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


DEWEY & LEBOEUF: D'Alessandro Fails to Dismiss Clawback Suit
------------------------------------------------------------
Bankruptcy Judge Martin Glenn denied the request of Dennis
D'Alessandro to dismiss the First Amended Complaint filed against
him by Alan M. Jacobs, as the Liquidating Trustee for the Dewey &
LeBoeuf Liquidation Trust.  The Trustee opposed the dismissal bid.

D'Alessandro was the Chief Operating Officer ("COO") of Dewey &
LeBeouf LLP from the firm's inception in 2007 until June 30, 2011,
when D'Alessandro resigned as COO and entered into a consulting
contract with the firm. D'Alessandro was not a partner in the
firm. His contract contained a generous compensation structure and
provisions that would deter Dewey from terminating him for any
reason other than fraud or criminal conduct. The contract also
contained a "poison pill" provision, providing that D'Alessandro
was to be paid the full amount of his future compensation if
Steven Davis was removed as Chairman of the firm. The Amended
Complaint alleges that D'Alessandro's contract was so favorable
that it must have been the product of negotiations that were not
conducted at arm's-length. It also alleges that D'Alessandro was
an "insider" of the Debtor, and the payments to him under his
employment contract constitute preferential and fraudulent
transfers.

The Trustee seeks to claw back years of payments to D'Alessandro.
The Motion argues that (1) D'Alessandro was not an insider of the
Debtor, (2) the challenged payments were made in the ordinary
course of business, (3) the payments were made in exchange for
legally sufficient consideration in the form of D'Alessandro's
services as a Dewey employee, and (4) the Trustee is judicially
estopped from trying to claw back payments before 2010.

According to Judge Glenn, the Amended Complaint alleges plausible
claims for relief that are not barred, as a matter of law, by any
of the affirmative defenses alleged by D'Alessandro.

The case is ALAN M. JACOBS, as Liquidating Trustee of the Dewey &
LeBoeuf Liquidation Trust, Plaintiff, v. DENNIS D'ALESSANDRO,
Defendant, Adv. Proc. No. 14-01919 (MG) (Bankr. S.D.N.Y.).  A copy
of the Court's September 23, 2014 Memorandum Opinion and Order is
available at http://is.gd/4qaXMPfrom Leagle.com.

Alan M. Jacobs, Liquidating Trustee for the Dewey & LeBoeuf
Liquidation Trust, is represented by:

     Christopher R. Murray, Esq.
     DIAMOND McCARTHY LLP
     909 Fannin Street, 15th Floor
     Houston, TX 77010

Dennis D'Alessandro is represented by:

     Barry J. Pollack, Esq.
     MILLER & CHEVALIER CHARTERED
     655 Fifteenth Street, N.W., Suite 900
     Washington, D.C. 20005-5701

                      About Dewey & LeBoeuf

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

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

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

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

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

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

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

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

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

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


DEWEY & LEBOEUF: Defense Seeks Dismissal of Charges v. Ex-Leaders
-----------------------------------------------------------------
Jennifer Smith, writing for The Wall Street Journal, reported that
lawyers for the four men accused of cooking the books at defunct
law firm Dewey & LeBoeuf LLP have argued in court that charges
against the former executives be dismissed.  According to the
report, at a hearing in Manhattan Supreme Court, defense attorneys
for three former Dewey leaders told Justice Robert Stolz there was
no evidence that their clients had intended to engage in
accounting trickery or to "permanently" deprive Dewey's lenders
and bondholders of their property.

                      About Dewey & LeBoeuf

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

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

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

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

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

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

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

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

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

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


DIOCESE OF HELENA: Has Buyback & Release Deal With Insurers
-----------------------------------------------------------
The Roman Catholic Bishop of Helena, Montana, is seeking approval
from the U.S. Bankruptcy Court for the District of Montana of a
Settlement Agreement with certain insurers which includes the sale
by the Debtor of all insurance policies allegedly issued by the
Settling Insurers back to the Settling Insurers free and clear of
liens, claims, encumbrances, and other interests.

The Settling Insurers are American Home, Catholic Mutual,
Fireman's Fund, Montana Insurance Guaranty Association, OneBeacon,
and Travelers.

The Motion seeks, among other things, an order of the Court,
pursuant to 11 U.S.C. Sections 105(a) and 363 and FRBP 6004 and
9019, approving a settlement, release, and compromise of all
claims as more fully described in the Settlement Agreement. If the
Motion is approved, the Debtor will sell, and Settling Insurers
will purchase, the insurance policies for the aggregate amount of
$10,901,500:

     (a) $487,500 by American Home;
     (b) $3,800,000 by Catholic Mutual;
     (c) $4,000,000 by Fireman's Fund;
     (d) $500,000 by MIGA;
     (e) $114,000 by OneBeacon; and
     (f) $2,000,000 by Travelers,

to be paid to a trust to be established under a plan of
reorganization as to the Debtor in which all Tort Claims will be
channeled as the sole and exclusive source of payment of any such
claims against the Debtor or Settling Insurers The Settlement
Agreement is conditioned on Confirmation of a Plan of
Reorganization incorporating its terms.

In addition, the motion seeks a ruling that settling insurers are
entitled to the benefit of an injunction, permanently barring all
claims by any person or entity against settling insurers and
certain related entities relating to (a) polices issued or
allegedly issued to the Debtor or (b) "tort claims" -- as
specifically defined in the settlement agreement, which includes
claims related to sexual or corporal abuse -- as part of the
Debtor's contemplated reorganization plan, the confirmation of
which is a condition of the settlement agreement.

Objections to any aspect of the Motion or the sale of the
insurance policies must be:

     (1) file with the Clerk of the Court at U.S. Bankruptcy
Court, District of Montana, Room 263, 400 North Main Street,
Butte, MT 59701, a written response stating the specific facts
upon which the objection is based, and

     (2) serve a copy thereof on counsel to the Debtor:

         Bruce Anderson, Esq.
         ELSAESSER JARZABEK ANDERSON ELLIOTT & MACDONALD, CHTD.
         320 East Neider Avenue, Suite 102
         Coeur d'Alene, ID 83815

         no later than October 9, 2014, and

     (3) attend the hearing on October 22, 2014 at 1:30p.m.

If no objections are filed, the Debtor may seek entry of an order
approving the Motion without further notice or hearing.

                    About the Diocese of Helena

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

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

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

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

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

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


DPL INC: Fitch Assigns 'BB' Rating to New 5-Yr. Unsecured Notes
---------------------------------------------------------------
Fitch Ratings assign a 'BB/RR2' rating to DPL Inc.'s (DPL; Issuer
Default Rating [IDR] 'B+', Stable Outlook) upcoming issuance of
five-year fixed rate senior unsecured notes.  These notes rank
pari passu with DPL's other senior unsecured debt, including any
future senior unsecured debt issuances.  The company intends to
use the net proceeds from this offering to partially repay
existing senior unsecured notes.  DPL's IDR reflects a highly
leveraged capital structure and still elevated regulatory risk
associated with corporate separation whereby Dayton Power & Light
Company's (DP&L; IDR 'BB+', Stable Outlook) generating assets will
be transferred to a separate non-regulated entity at the end of
2016 under a regulatory order of the Public Utility Commission of
Ohio (PUCO).

KEY RATING DRIVERS:

Regulatory Support Critical: Fitch believes considerable
regulatory support will be needed to right size DP&L's capital
structure from the currently proposed temporary increase in the
debt to capital ratio of 75% or at least $750 million under the
PUCO approved generation separation order.  Additional support, in
Fitch's opinion, could take the form of additional service
stability rider (SSR) or other cash flow improving regulatory
measures.  PUCO approved current SSR ($110 million a year) is set
to expire in 2016.  While the regulatory support can take
different forms, Fitch rating case assumes continuation of the SSR
beyond 2016, albeit at a reduced level, to effect deleveraging at
the utility to reasonable levels.

Modest Pace of Deleveraging: DPL remains highly leveraged with
latest 12 months (LTM) ending June 2014 consolidated adjusted debt
to EBITDAR ratio around 6.5x.  Fitch sees modest pay down of
parent debt over 2014-2018 supported by cash distributions from
DP&L and cash generated by its non-regulated businesses.  Fitch
has also assumed that DPL is able to achieve targeted deleveraging
by prepayment of a portion of its 2016 debt maturities and the
consent of DP&L's first mortgage bond trustees to release the
security interest in the generating assets.  Fitch expects
consolidated adjusted debt to EBITDAR ratio to be between 5.5x-
6.0x and the consolidated interest coverage ratio
(EBITDAR/interest) to be between 2.6x-3.0x by 2018.  Fitch has
assumed that DPL will successfully manage its 2016 maturities.  It
is key to note that post corporate separation (Jan. 1, 2017), the
hedging strategy for the non-regulated generation assets will
dictate the liquidity needs of the business and could pressure
DPL's credit profile.

Rating Linkages: Fitch has currently three-notch separation
between the IDRs of DPL and DP&L.  Despite its low-risk regulated
business profile post generation separation and Fitch's
expectation of regulatory support to rebalance the capital
structure, Fitch has constrained DP&L's ratings based on its
ownership by a weak parent and lack of explicit ring fencing
provisions.  Any further downgrade in DPL's ratings could result
in commensurate downward rating actions for DP&L.

AES' Ownership Credit Neutral: DPL's IDR is not linked to the
ratings of AES Corporation (AES; 'BB-', Outlook Stable), its
ultimate parent.  Fitch assigned ratings do not factor equity
infusions from AES for DPL's capital needs nor any future
liquidity support.  Future funding of DPL's capital needs will
depend on its consolidated funds from operations and its access to
the debt markets.

Sufficient Short-Term Liquidity: At the end of June 2014, DPL and
DP&L had about $40 million in cash and $400 million available in
revolving credit facilities.  The current liquidity is sufficient
to cover short-term capital needs of the group, at least through
2015.

Recovery Analysis:

The unsecured debt rating at DPL is notched above or below the
IDR, as a result of the relative recovery prospects in a
hypothetical default scenario.

Fitch values the power generation assets using a net present value
(NPV) analysis and the equity value in DP&L is added to the parent
recovery prospects.  The generation asset NPVs vary significantly
based on future gas price assumptions and other variables, such as
the discount rate and heat rate forecasts in DP&L's service
territory.  For the NPV of generation assets used in Fitch's
recovery analysis, Fitch uses the plant valuation provided by its
third-party power market consultant, Wood Mackenzie as well as
Fitch's own gas price deck and other assumptions.  Fitch also
evaluates information from the recently concluded power plant sale
transactions in its recovery analysis.  Fitch has used a multiple
of equity only cash flow to derive value of DP&L's 'wire only'
business and added to the NPV of its generating assets.

Fitch has assigned a 'BB/RR2' rating to DPL's senior unsecured
notes.  The 'RR2' rating reflects a two-notch positive
differential from the 'B+' IDR and indicates that Fitch estimates
superior recovery of principal and related interest of between
71%-90%.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

   -- An upgrade is not likely in the next 12-18 months given a
      highly leveraged consolidated capital structure, large
      short-dated consolidated debt maturities, and increased
      merchant risk with the anticipated transfer of mainly coal-
      fired generating assets by DP&L to a non-regulated entity.

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

   -- Absence of regulatory rate relief to facilitate debt
      reduction at DP&L;

   -- Lower than expected cash flow at DP&L such that its
      standalone credit profile falls below that of a 'BBB' rated
      company;

   -- Consolidated adjusted debt to EBITDAR ratio remains above
      6.5x on a sustainable basis;

   -- Inability of DPL to fund the short-dated debt maturities.


DPL INC: Moody's Assigns Ba3 Rating on $200MM Sr. Unsecured Notes
-----------------------------------------------------------------
Moody's Investors Service affirmed the Ba3 senior unsecured long
term debt rating of DPL Inc and Dophin Sub II, Inc's (assumed by
DPL Inc). Concurrently, Moody's assigned a Ba3 rating to DPL's
proposed senior unsecured fixed-rate notes for up to $200 million
due in 2019. The rating outlook for DPL is stable.

DPL plans to use net proceeds raised in connection with the
proposed notes issuance along with cash on hand and/or the
proceeds of other short term borrowings to finance its ongoing
tender offer for up to $280 million of its outstanding 6.50%
Senior Notes due 2016 (Dolphin Sub II assumed by DPL).

Ratings Rationale

DPL's Ba3 rating reflects the structural subordination relative to
the senior unsecured issuer rating at its key subsidiary, the
regulated electric utility Dayton Power and Light Company (DP&L;
Baa3 stable) given the material holding-company indebtedness that
currently aggregates $1.4 billion. DPL's Ba3 rating further
factors the expected increase after 2016 in the group's exposure
to non-regulated operations with the addition of the power
generation assets of DP&L to DPL's retail activities. This is
largely predicated on Moody's understanding that DPL's strategy is
currently focused on maintaining the merchant fleet over the
foreseeable future as part of the group's operations.

Moody's considers as credit positive DPL's ongoing tender process
and the associated notes issuance proposed by DPL. This will
postpone to 2019 the maturity of a portion of the 6.50% $430
million outstanding global notes due in 2016 while also reducing
the holding company indebtedness by about $50 million. That said,
Moody's expects the holding company debt will further represent
around 60% of total consolidated indebtedness.

DPL's Ba3 rating further reflects that the Public Utilities
Commission of Ohio (PUCO) did not impose any restrictions on
DP&L's ability to upstream cash flows, a credit positive for DPL.
Consequently, Moody's expects the utility's cash up-streams will
remain the holding company's main source of cash flow to service
the group's outstanding indebtedness. Therefore, DP&L's Baa3
senior unsecured rating continues to be constrained by the
material amount of holding company debt. DP&L's rating also
assumes that the expected deterioration in its utility's capital
structure following the separation of its generation assets on
January 1, 2017 will be temporary. To that end, DP&L's Baa3 rating
assumes that the utility will use excess cash flows to further
reduce its outstanding indebtedness such that it will be able to
record a debt to total book value ratio that is commensurate with
the Baa-rating category. Importantly, the Baa3 rating is based on
the expectation that DP&L will be able to record cash flow credit
metrics that are robust for the Baa-rating category according to
the key financial ratios outlined under the low business risk grid
in Moody's regulated electric and gas utility rating methodology.

The stable outlook of DPL assumes that this financing will not
increase the holding company's indebtedness and any excess cash
flows received from DP&L and its unregulated operations will be
used to further reduce its outstanding debt.

DPL's stable outlook anticipates the successful completion of the
ongoing tender process and further assumes that the company will
prudently manage its debt maturities.

An upgrade of DPL's rating could be triggered if the holding
company is able to materially reduce its holding company debt
either through an equity infusion from AES and/or if DPL chooses
to divest its generation assets and use the proceeds to reduce
outstanding indebtedness and improve its capital structure while
also reducing the group's exposure to unregulated operations.

Given the structural subordination considered in DPL's rating a
material deduction in the holding company indebtedness along with
the utility's ability to achieve a 50% debt to equity capital
structure as required by the PUCO could also trigger positive
momentum on DP&L's ratings.

DPL's ratings could come under pressure should the PUCO change its
decision under the September 17, 2014 Order such that it imposes
significant dividend restriction on DP&L or if the requirement to
improve DP&L's debt to total capitalization ratio results in a
significant curtailment of the ability to upstream cash from DP&L
or if DPL increases its holding company indebtedness if required
to infuse equity into the utility. A downgrade of DP&L's rating
could also trigger a downgrade of DPL's rating if the holding
company debt remains material and without a reduction in the
group's expected increased exposure to unregulated operations.

The principal methodology used in this rating was Regulated
Electric and Gas Utilities published in December 2013.

DPL Inc. is a regional energy company headquartered in Dayton,
Ohio and is the parent company of The Dayton Power and Light
Company, a regulated electric utility.

DP&L provides electric service to more than 515,000 retail
customers in West Central Ohio. Its primary source of internal
generating capacity is from ownership in seven coal-fired power
plants with a combined generating capacity of 2,465 megawatts
(MW). Additionally, DP&L owns in aggregate 432 MWs of incremental
solar/natural gas/diesel-fired generating capacity.

DPL also owns retail energy suppliers DPL Energy Resources, Inc.
or DPLER and MC Squared Energy Services, LLC and operates 556 MWs
of merchant peaking capacity in Ohio and Indiana through its DPL
Energy, LLC subsidiary.

DPL is a subsidiary of The AES Corporation (AES: Ba3 Corporate
Family Rating, stable), a globally diversified power holding
company.


DPL INC: S&P Rates Proposed $200MM Sr. Unsecured Notes 'BB'
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' issue-level
rating and '3' recovery rating to Ohio-based DPL Inc.'s proposed
$200 million of senior unsecured notes due 2019.  The '3' recovery
rating denotes prospects for meaningful (50% to 70%) recovery in
the event of a payment default.

The company will use the proceeds together with cash on hand
and/or the proceeds of other short-term borrowings, to finance its
tender offer for up to $280 million of its outstanding $450
million 6.5% senior notes due 2016.  S&P expects the net effect to
be approximately an $80 million reduction of consolidated debt.
Because the transaction does not materially affect DPL Inc.'s
financial measures, the corporate credit rating and outlook on DPL
remain unchanged.  Moreover, the issue and recovery ratings on
DPL's and its related subsidiaries' existing debt, including
Dayton Power & Light Co., likewise remain unchanged, since this
transaction does not significantly alter S&P's debt assumptions or
valuation given default.  S&P notes that the implied recovery
rating is relatively unchanged and remains only marginally above
the 50% threshold associated with the '3' recovery rating (implied
recovery of 50% to 70%).

The corporate credit rating on DPL reflects its "satisfactory"
business risk assessment, given its transition to generation
market rates and its reduction of profit margins over the next 12
to 24 months.  S&P assess its financial risk profile as
"aggressive," with funds from operation (FFO) to debt of about 9%
to 10% over the next 12 to 18 months.  The Public Utilities
Commission of Ohio's recent approval of Dayton Power & Light Co.'s
request to transfer its generating assets is in line with S&P's
expectations.

RATINGS LIST

DPL Inc.
Corporate credit rating                          BB/Stable/--

New Rating
DPL Inc.
$200 mil proposed sr unsecd notes due 2019      BB
  Recovery rating                                3


DRESSER-RAND GROUP: S&P Puts 'BB' CCR on CreditWatch Positive
-------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB' corporate
credit and 'B+' subordinated debt ratings on Houston-based oil-
field services equipment-maker Dresser-Rand Group Inc. on
CreditWatch with positive implications.

"The positive CreditWatch placement reflects the potential for an
upgrade to 'A+'," said Standard & Poor's credit analyst Susan
Ding. "Dresser-Rand Group has announced it has signed an agreement
to be acquired by Siemens, which we rate 'A+'," said Ms. Ding.

Siemens has announced that it will likely assume Dresser-Rand's
debt at the closing of the transaction, which S&P expects will
likely occur in mid-2015 and is subject to Dresser-Rand's
shareholder and regulatory approvals.

The resolution of the CreditWatch placement will depend on the
successful closing of the transaction as contemplated.


ECHO THERAPEUTICS: Suspends Operations to Conserve Liquidity
------------------------------------------------------------
Echo Therapeutics, Inc. on Sept. 23 disclosed that, as it believes
that its current liquidity is insufficient to fund its needs
beyond September 30, 2014, it has suspended its product
development, research, manufacturing and clinical programs and
operations to conserve its liquidity and capital resources.

The actions follow a strategic review of Echo's current financial
position, funding alternatives, and projected product development
costs and timelines.  In August 2014, in an earlier effort to
conserve its liquidity and capital resources, Echo reduced
overhead costs, cut capital expenses and reduced its workforce.

"We deeply regret the necessity of [Tues]day's decision, but we do
not have the financial resources to support our continued
operations. Reducing our workforce of dedicated employees and
ceasing active development of Symphony are among the most
difficult decisions we have made," said Charles Bernhardt, Echo's
Interim Chief Financial Officer.  "Our directors and management
team have devoted substantial time and effort to identifying and
reviewing potential opportunities to provide funding for Echo's
operations; however, that process did not yield a credible and
sufficient financing transaction.  Despite public statements by
Platinum Management (NY) LLC and the other members of its investor
group that Platinum or its affiliates would be willing to fund
Echo's operations, and despite weeks of negotiations with Platinum
over the terms of financing transaction, Platinum has not provided
Echo with any credible proposal that would have allowed us to fund
our operations and to bring Symphony's development to a meaningful
milestone.  Additionally, the failure by Medical Technologies
Innovation Asia (MTIA) to provide Echo with the funding
contemplated by its December 2013 Stock Purchase Agreement with
Echo has resulted in MTIA's material breach of the agreement.
Accordingly, Echo doesn't expect MTIA to fulfill its prior funding
commitment."

Any resumption of operations would be dependent on Echo being able
to secure additional third-party funding. However, no assurances
can be given that Echo will be able to secure funding that will be
sufficient to enable Echo to resume its operations.  Additionally,
other recent events, such as the lawsuits filed or threatened by
Platinum and its affiliates and the continuing campaign by
Platinum to damage Echo, its prospects and its relationships with
its vendors and employees, have caused, and are expected to
continue to cause, a significant liquidity strain on Echo.

Even with the cost reductions contemplated by the suspension of
operations announced today, no assurances can be given that
Echo will be able to fund its needs beyond September 30, 2014.  In
addition, it is possible that Echo's liquidity may run out sooner.
Echo is reviewing strategies to address its liquidity needs.
However, no assurances can be given that Echo will be successful
in addressing its liquidity needs.  If Echo is unable to address
its liquidity needs, it may be required to file for protection
under the U.S. Bankruptcy Code.

                    About Echo Therapeutics

Echo Therapeutics was developing its Symphony(R) CGM System as a
non-invasive, wireless, continuous glucose monitoring system for
use initially in the critical care setting.  A significant longer-
term opportunity may also exist for Symphony to be used in the
hospital beyond the critical care setting, as well as in the
outpatient setting.  Echo also developed its needle-free skin
preparation device as a platform technology that allowed for
enhanced skin permeation enabling extraction of analytes, such as
glucose, and enhanced delivery of topical pharmaceuticals.


ECOTALITY INC: Shareholders' Class Suit v. Executives Tossed
------------------------------------------------------------
Law360 reported that a California federal judge tossed a putative
shareholder class action against the directors and officers of
bankrupt electric vehicle charger maker ECOtality Inc., ruling
that their allegedly misleading statements about the company's
viability were either protected forward-looking statements or not
intentionally misleading.  According to the report, the
consolidated class action brought by five ECOtality shareholders
accused the company's CEO H. Ravi Brar, CFO Susie Herrmann and
directors Enrique Santacana, Kevin Cameron and Andrew Tang of
making misleading statements that led plaintiffs to buy overvalued
stock in the company, which declared bankruptcy last year after
its electric vehicle infrastructure project, funded by the U.S.
government through the Recovery Act, saw dismal commercial sales
and declining revenues.

The case is In re: ECOTality Inc. Securities Litigation, case
number 3:13-cv-03791 in the U.S. District Court for the Northern
District of California.

                      About Ecotality Inc.

Headquartered in San Francisco, California, Ecotality, Inc.
(Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of
electric transportation and storage technologies.

Ecotality Inc. along with affiliates including lead debtor
Electric Transportation Engineering Corp. sought Chapter 11
protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16,
2013, with plans to sell the business at an auction.

The cases are assigned to Chief Judge Randolph J. Haines.  The
Debtors' lead counsel are Charles R. Gibbs, Esq., at Akin Gump
Strauss Hauer & Feld LLP, in Dallas, Texas; and David P. Simonds,
Esq., and Arun Kurichety, Esq., at Akin Gump Strauss Hauer & Feld
LLP, in Los Angeles, California.  The Debtors' local counsel is
Jared G. Parker, Esq., at Parker Schwartz, PLLC, in Phoenix,
Arizona.  FTI Consulting, Inc. serves as the Debtors' crisis
manager and financial advisor.  The Debtors' claims and noticing
agent is Kurtzman Carson Consultants LLC.

Electric Transportation estimated assets of $10 million to $50
million and debt of $100 million to $500 million.  Unlike most
companies in bankruptcy, Ecotality has no secured debt.  It simply
ran out of money.  There's $5 million owing on convertible notes,
plus liability on leases.  Part of pre-bankruptcy financing took
the form of a $100 million cost-sharing grant from the U.S. Energy
Department.  In view of the San Francisco-based company's
financial problems, the government cut off the grant when $84.8
million had been drawn.

On Sept. 24, 2013, the Office of the United States Trustee for
Region 14 appointed a committee of unsecured creditors.

In October 2013, the bankruptcy judge cleared Ecotality to sell
most of the business to Car Charging Group Inc. for $3.3 million.
Two other buyers purchased other assets for $1 million in total.


ELDORADO RESORTS: Moody's Affirms B2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has affirmed Eldorado Resorts, LLC
(Eldorado) B2 Corporate Family rating and revised the outlook to
negative from stable, following the closing of its merger with MTR
Gaming Group Inc. (B3, negative). Moody's also affirmed the B2
senior secured notes and changed the Probability of Default Rating
to B1-PD from B2-PD.

The change in Eldorado's rating outlook to negative reflects
continued declines in net revenues (-7.2%) and EBITDA (-27.9%) for
the first six months of 2014. These trends have caused Moody's
adjusted debt/EBITDA to climb to 5.1x times for the 12-month
period ended June 30, 2014 from 4.4x at fiscal year-end 2013.
Moody's expects EBITDA to be down slightly in the next 12-18
months given continued weak gaming demand trends and new supply in
both the Reno and Shreveport markets. Moody's estimates Moody's
adjusted debt/EBITDA at fiscal year-end 2014 will be approximately
5.3 times based on continued pressure on EBITDA and flat debt
levels for the second half of the year.

On September 19, 2014, Eldorado, MTR Gaming Group, Inc. (MTR) and
certain of their affiliates entered into a merger agreement,
pursuant to which Eldorado and MTR became wholly-owned
subsidiaries of Eldorado Resorts, Inc. (ERI). Both MTR and
Eldorado will maintain their existing debt under the new parent
company. MTR's existing debt is not guaranteed by Eldorado or ERI
and MTR does not guarantee the debt of Eldorado. Moody's ratings
reflect the discrete financing arrangements and credit profiles of
Eldorado Resorts, LLC and MTR Gaming Group Inc.

Moody's expect ERI, the new holding company, will likely refinance
existing high coupon debt at Eldorado and MTR by the time the
bonds are callable in 2015. At such time, depending on the terms
of the refinancing, Moody's may withdraw the CFRs at the
subsidiary levels and move it to ERI.

Ratings affirmed:

Corporate Family Rating at B2

$168 million Senior Secured Notes due 2019 at B2, (LGD 4)

Ratings upgraded:

Probability of Default Rating to B1-PD from B2-PD

Ratings Rationale

The affirmation of Eldorado's CFR at B2 reflect the company's
small scale, limited diversification, and its reliance on one
property - its Shreveport casino - for approximately 65% of its
EBITDA. Rating are supported by its positive free cash flow.
Eldorado's operating cash flow is expected to exceed maintenance
capital expenditures and tax distributions related to the Holdco
operating agreement. Additionally, the company has no mandatory
debt amortization as the only debt outstanding is its $168 million
8.265% senior secured notes due 2019. The senior secured notes
first call date is June 15, 2015 at 104%. The affirmation also
reflects the stronger geographic diversification of the combined
company compared to either standalone operator as a result of the
closings of the MTR merger. Assuming the merger with MTR closes,
Eldorado's reliance on the Shreveport property will fall to about
20%, and no single property will account for more than 30%-35% of
property-level EBITDA of the combined company.

The upgrade of the Probability of Default Rating from B2-PD to B1-
PD reflects Eldorado's all bond debt capital structure as a result
of a lower assumed family recovery per Moody's Loss Given Default
methodology. On May 30, 2014, Eldorado's secured credit facility
matured and the only debt outstanding is $168 million of its
8.625% senior secured notes due 2019.

Ratings of Eldorado could be downgraded if the Shreveport
operating environment sees further deterioration or if Eldorado's
EBITDA declines continue. An upgrade is unlikely in the
intermediate term given the weak operating results and high coupon
debt burden. However, ratings could be considered for an upgrade
if gaming demand begins to accelerate and debt to EBITDA drops
near 3.0 times.

On September 19, 2014, Eldorado Resorts, LLC announced it has
completed its merger with MTR Gaming Group, Inc. (MTR) as it has
received all necessary consents and approvals. The combined
company will be renamed Eldorado Resorts, Inc and publicly traded
on the NASDAQ Global Select Market under the ticker symbol "ERI".

Under the merger agreement, MTR stockholders were entitled to
elect to receive one share of Eldorado common stock or $6.05 of
cash for each share of MTR common stock, subject to a cap of $35
million of total cash consideration. As of August 13, 2014, the
cash election was oversubscribed.

The merger agreement also allows for all existing indebtedness to
remain in place for both companies as MTR took the following
steps: (1) amended its credit agreement to permit the completion
of the mergers without triggering a default or event of default
(2) MTR received the necessary consents from holders of a majority
of notes without requiring MTR to offer to repurchase any of the
MTR notes.

The principal methodology used in this rating was the Global
Gaming Industry published in June 2014. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Eldorado Resorts LLC (Eldorado) owns and operates the Eldorado
Shreveport Hotel and Casino located in Shreveport, Louisiana and
the Eldorado Hotel and Casino in Reno, Nevada. Eldorado Resorts
LLC generates approximately $260 million in net revenues annually.


EPIQ SYSTEMS: S&P Puts 'BB-' Corp Credit Rating on Watch Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB-' corporate
credit rating on Kansas City, Kan.-based Epiq Systems Inc., and
its issue-level ratings on Epiq's senior secured debt, on
CreditWatch with negative implications.

The CreditWatch placement follows Epiq's announcement that it is
reviewing strategic alternatives that may include acquisitions,
divestitures, or a going-private or recapitalization transaction.
S&P believes that actions resulting from the review could result
in leverage increasing to more than 4x.  The company's board of
directors also declined an offer by P2 Capital Partners to acquire
the company.

The ratings reflect S&P's view of Epiq's financial risk profile,
with leverage of 3.7x at June 30, 2014, and S&P's view of its
business risk profile, incorporating its modest share of the
highly competitive, fragmented, and price-sensitive eDiscovery
market as well as its cyclical but less competitive bankruptcy
business.  Partly offsetting the above factors, in S&P's view, are
Epiq's market expertise (which supports good relationships with
law firms and corporate clients) and diverse customer base.

S&P will monitor developments related to the strategic review and
resolve the CreditWatch listing when more information regarding
the outcome of the review becomes available.  S&P could lower the
rating if Epiq completes a transaction that results in sustained
leverage above 4x. If actions determined by the strategic review
do not hurt the company's financial risk profile, S&P will review
its expectations for operating performance and Epiq's financial
policy before resolving the CreditWatch listing.


FTS INTERNATIONAL: S&P Raises CCR to 'B' on Strong Liquidity
------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Ft. Worth, Texas-based FTS International Inc. (FTSI) to
'B' from 'B-'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on FTSI's
secured debt to 'B' from 'B-', and maintained its recovery rating
of '4'.  The '4' recovery rating reflects S&P's expectation of
average (30% to 50%) recovery to creditors in the event of a
payment default.

"The stable outlook reflects our expectation that FTSI's funds
from operations will continue to improve to above 30% in 2015,
driven by projected growth in cash flow," said Standard & Poor's
credit analyst Carin Dehne-Kiley.

"We base our corporate credit rating on our assessment of FTSI's
"vulnerable" business risk and "highly leveraged" financial risk
profiles.  We characterize FTSI's liquidity as "strong," given our
estimate that liquidity sources will exceed uses by at least 1.5x
over the next 12 to 24 months, that sources would exceed uses even
if forecasted EBITDA declined by 30%, and that the company has
sufficient headroom under its new covenants.  Given its low
capital spending requirements and well-capitalized financial
sponsor, we believe the company could absorb high-impact, low-
probability events without refinancing," S&P said.

S&P could raise the rating if FTSI broadened its geographic or
product diversity, while maintaining FFO to debt above 30% and
debt to EBITDA below 3x.

S&P could lower the rating if it no longer expected FFO to debt to
improve above 30%, or if liquidity deteriorated, which would most
likely occur if capital spending exceeded S&P's estimates or if
EBITDA margins fell meaningfully below its projections.  Margins
would most likely come in below S&P's estimates if the company is
unsuccessful in further reducing costs.


GO BOLLYWOOD: Case Summary & 6 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Go Bollywood Tampa Bay Florida Convention, LLC.
        4001 W. Henry Ave.
        Tampa, FL 33614

Case No.: 14-11155

Chapter 11 Petition Date: September 23, 2014

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

Debtor's Counsel: Buddy D. Ford, Esq.
                  BUDDY D. FORD, P.A.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: 813-877-4669
                  Fax: 813-877-5543
                  Email: Buddy@tampaesq.com
                         All@tampaesq.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Chetan R. Shah, managing member.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb14-11155.pdf


GROVE ESTATES: Case Summary & 8 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Grove Estates, LP, a Partnership
        2645 Carnegie Road
        York, PA 17402

Case No.: 14-04368

Type of Business: Real Estate

Chapter 11 Petition Date: September 23, 2014

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Hon. Robert N Opel II

Debtor's Counsel: Robert L Knupp, Esq.
                  SMIGEL, ANDERSON & SACKS, LLP
                  4431 North Front St., 3rd Flr.
                  Harrisburg, PA 17110
                  Tel: 717 234-2401
                  Fax: 717 234-3611
                  Email: pmcbride@sasllp.com

Debtor's          FRANCIS C. MUSSO, CPA, MPA, P.C.
Accountant:

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Timothy F. Pasch, managing officer.

List of Debtor's eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Kay Crumling                                             $113,679

York County Tax Claim Bureau                             $113,679

Susquehanna Bank                   Subdivision Loan   $10,650,028
1826 Good Hope Drive
Enola PA 17025

Susquenanna Bank                   Loan                  $186,155

Susquehanna Bank                                         $144,335

Susquehanna Bank                   Interest Reserve      $323,425
1826 Good Hope Dr.                 Loan
Enola PA 17025

Susquehanna Bank                                         $258,004
1826 Good Hope Road
Enola PA 17025

Manufacturers & Traders Trust Co.  Loan                  $132,655


HALLWOOD ENERGY: Hunton Mostly Escapes $50M Malpractice Suit
------------------------------------------------------------
Law360 reported that U.S. District Judge A. Joe Fish in Texas left
Hallwood Energy LP's estate trustee a single "narrow" claim in its
$50 million malpractice suit against Hunton & Williams LLP,
agreeing with a bankruptcy judge who ruled the trustee could only
seek a recovery of fees.  According to the report, Judge Fish
adopted a bankruptcy judge's November 2013 report, and granted the
law firm's bid to escape negligence and aiding and abetting breach
of fiduciary duty claims.

Law360 recalled that Bankruptcy Judge Stacey G. C. Jernigan had
ruled that Hallwood Energy I Creditors' Trust trustee Ray Balestri
had not pointed to specific deals HELP missed out on because of
Hunton & William's representation.

The case is Ray Balestri v. Hunton & Williams LLP et al., case
number 3:11-cv-03359, in the U.S. District Court for the Northern
District of Texas.

                       About Hallwood Energy

Based in Dallas, Texas, Hallwood Energy, L.P. --
http://www.hallwoodenergy.com/-- is an upstream energy
corporation, engaging in the exploration, acquisition, development
and production of oil and gas properties.

The Company and five of its affiliates filed separate petitions
for Chapter 11 relief (Bankr. N.D. Tex. Lead Case No. 09-31253) on
March 1, 2009.  Kathleen M. Patrick, Esq., Michael R. Rochelle,
Esq, Scott Mark DeWolf, Esq., and Sean Joseph McCaffity, Esq., at
Rochelle McCullough L.L.P., represent the Debtors in their
restructuring efforts.

Blackhill Partners LLC serves as the Debtors' business consultant.
Brian A. Kilmer, Esq., at Okin Adams & Kilmer LLP, in Dallas, and
Brian D. Roman, Esq., at Okin Adams & Kilmer LLP, in Houston,
represent the official committee of unsecured creditors.  In its
bankruptcy petition, Hallwood estimated assets between $50 million
and $100 million, and debts between $100 million and $500 million.


HRK HOLDINGS: Court Wants Disclosure Statement Filed by Oct. 22
---------------------------------------------------------------
Bankruptcy Judge K. Rodney May ordered the extension of the filing
of the disclosure statement of the debtors HRK Holdings and its
affiliates, and set that deadline to October 22, 2014.

The Court previously granted a motion to extend the filing of a
disclosure statement through and including September 7, 2014.
But, on September 4, the Debtors filed anew a motion to extend
that deadline.

The Debtors owned approximately 675 contiguous acres of real
property in Manatee County, Florida. The Debtors have sold 65
acres of the property and the net proceeds therein are applied to
senior secured debt. The Debtors, likewise, desire to sell
additional property for the purpose of paying the creditors. It is
necessary for the Debtors to secure financing for continued
operations and to determine the outcome of the proposed auction in
order to realize the availability of funding for distribution to
creditors.

HRK Holdings is represented by:

     Scott A. Stichter, Esq.
     Barbara A. Hart, Esq.
     STICHTER RIEDEL BLAIN & PROSSER, P.A.
     110 Madison Street, Ste. 200
     Tampa, FL 33602
     Telephone: (813) 229-0144
     Facsimile: (813) 229-1811
     E-mail: sstichter@srbp.com
             bhart@srbp.com

                           About HRK Holdings

HRK Holdings and HRK Industries LLC filed for Chapter 11
protection (Bankr. M.D. Fla. Case Nos. 12-09868 and 12-09869) on
June 27, 2012.  Judge K. Rodney May oversees the case.  Barbara A.
Hart, Esq., and Scott A. Stichter, Esq., at Stichter, Riedel,
Blain & Prosser, P.A., represents the Debtors.

HRK Holdings disclosed $33,366,529 in assets and $26,092,559 in
liabilities in its revised schedules.

According to the Debtors, the bankruptcy filing was necessitated
by the immediate need to sell a portion of the remaining property
to create liquidity for (a) funding the urgent management of the
site-related environmental concerns; the benefit of creditors;
funding a litigation filed by the Debtors; and funding of expenses
related to additional sales of the remaining property.

HRK Holdings is selling real property assets to Allied Universal
Corp. and Mayo Fertilizer, Inc.  The Court allowed HRK and the
purchasers to enter into any modifications to the agreements
without need of further Court approval, provided that no
amendments will occur without prior consent of Regions Bank.


HULDRA SILVER: Creditors Approve Restructuring Plan
---------------------------------------------------
Huldra Silver Inc. on Sept. 24 disclosed that its creditors
approved the Plan of Compromise and Arrangement that was presented
to the creditors of the Company at the creditors' meetings held on
September 23, 2014.  The Plan was approved by 100% of the secured
and unsecured creditors who voted in person or by proxy at the
Meetings.  The Plan was provided to the creditors by the monitor
in accordance the Company's proceedings and restructuring under
the Companies' Creditors Arrangement Act (Canada) ("CCAA").  Under
the Plan, subject to receipt of the requisite approvals, the
Company intends to compromise and settle its outstanding
obligations, exit creditor protection under the CCAA, and
restructure its affairs and focus on recommencing the Company's
business operations.  A summary of the Plan is included in the
Company's news release dated August 8, 2014.

The implementation of the Plan remains subject to a number of
conditions including, among other things, approval of the Supreme
Court of British Columbia and completion of the first tranche of
the Company's convertible debenture financing to raise gross
proceeds of at least $5 million.  A summary of the terms of the
financing is included in the Company's news releases dated
August 8, 2014 and August 25, 2014.

Following completion of the restructuring, the Company intends to
focus on transforming its Merritt Mill Property into a processing
facility for mill feed for other gold and silver mining companies
as there are significant costs associated with securing land,
purchasing and building a processing mill, and a lined tailings
facility.  Such a facility would provide the opportunity for other
companies to avoid the significant capital expenditure
requirements necessary to build such a processing facility.  In
addition, the Company intends to resume exploration activities at
its Treasure Mountain Project.

The Company also disclosed that Garth Braun, Chief Financial
Officer of the Company, has notified the Company of his intention
to resign as Chief Financial Officer of the Company upon the
Company exiting CCAA creditor protection and a suitable
replacement being found.  Mr. Braun will continue to hold his
position as a director of the Company.

"We want to thank Garth Braun for his continued involvement in
Huldra.  Garth was the single most important driving force behind
the successful restructuring of Huldra which obtained unanimous
approval from the creditors yesterday.  Garth was an integral part
of the CCAA process that has provided Huldra with the opportunity
for future growth and viability," commented Peter Espig, CEO of
Huldra.

                          About Huldra

Headquartered in Vancouver, Canada, Huldra Silver Inc. --
http://www.huldrasilver.com/-- is a junior exploration company
engaged in the business of acquiring, exploring and developing
mineral and natural resource properties.


IHEARTCOMMUNICATIONS INC: Offering $250-Mil. Guarantee Notes
------------------------------------------------------------
iHeartCommunications, Inc. (formerly known as Clear Channel
Communications, Inc.) said it intends to offer, subject to market
and customary conditions, $250 million in aggregate principal
amount of Priority Guarantee Notes due 2022 in a private offering
that is exempt from registration under the Securities Act of 1933,
as amended.  The New Notes will be issued as "additional notes"
under the indenture governing iHeart's outstanding Priority
Guarantee Notes due 2022 that were issued on Sept. 10, 2014.

The New Notes will be fully and unconditionally guaranteed on a
senior secured basis by iHeart's parent, iHeartMedia Capital I,
LLC, and all of iHeart's existing and future material wholly-owned
domestic restricted subsidiaries.

iHeart intends to use the net proceeds from this offering to
prepay at par $243.5 million aggregate amount of its term loan B
facility and $4 million aggregate amount of its term loan C-asset
sale facility, and to pay accrued and unpaid interest with regard
to such loans to, but not including, the date of prepayment.

                         Amends Pacing Data

iHeartCommunications, Inc. (formerly known as Clear Channel
Communications, Inc.) filed a current report on Form 8-K with the
U.S. Securities and Exchange Commission to report pacing data for
its iHeartMedia, Americas Outdoor advertising and International
Outdoor advertising segments.  The Company amended the Report to
amend and restate that pacing data.

Through Sept. 19, 2014, revenues for iHeart's iHeartMedia segment
were pacing up 2.5%, with core stations pacing up 1.3%.  Pacings
for the Americas Outdoor advertising and International Outdoor
advertising segments were down 0.8% and up 4.5%, respectively.

                    About iHeartCommunications

iHeartCommunications, Inc. is one of the leading global media and
entertainment companies. The company specializes in radio,
digital, outdoor, mobile, social, live events, on-demand
entertainment and information services for local communities, and
uses its unparalleled national reach to target both nationally and
locally on behalf of its advertising partners.  The company is
dedicated to using the latest technology solutions to transform
the company's products and services for the benefit of its
consumers, communities, partners and advertisers, and its outdoor
business reaches over 40 countries across five continents,
connecting people to brands using innovative new technology.

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

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

                         Bankruptcy Warning

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

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

                           *     *     *

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

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


IMRIS INC: Enters Into Waiver & Amendment Agreement with Deerfield
------------------------------------------------------------------
IMRIS Inc. on Sept. 24 disclosed that it has entered into a Waiver
and Amendment Agreement with Deerfield Management Company, L.P.
with respect to the Facility Agreement dated as of September 16,
2013.  Deerfield has agreed to waive the enforcement of the
requirement under the Facility Agreement that the Company have
cash and cash equivalents at the end of any calendar quarter
greater than $7,500,000 for the period commencing July 1, 2014 and
ending September 30, 2014.

In the ordinary course of its business, as a result of the high
dollar value associated with each of the Company's sales, the
timing of cash receipts and revenues recorded from quarter to
quarter vary significantly.  There is uncertainty in the amount of
accounts receivable that will be collected by September 30, 2014,
therefore, the Company proactively sought the waiver so as to
avoid a potential breach of the requirement.

On September 16, 2013, pursuant to the Facility Agreement,
Deerfield was issued warrants to purchase 6.1 million shares of
IMRIS common stock at an exercise price of $1.94 per share.  In
connection with the waiver, the Company has agreed to change the
exercise price of the warrants to $0.70 per share, representing
the closing trading price of the common shares on NASDAQ as of
September 23, 2014.

                         About Deerfield

Deerfield -- http://www.deerfield.com-- is an investment
management firm, committed to advancing healthcare through
investment, information and philanthropy.

                          About IMRIS

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


INERGETICS INC: Won't Make $1.5 Million Debt Payment
----------------------------------------------------
Inergetics, Inc., disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission that it received a Prepayment
Event Notice pursuant to two 12% Convertible Debentures in the
original principal amounts of $511,146 and $1,003,129 issued,
respectively, on May 21, 2014, and May 29, 2014.

Pursuant to Section 1.9 of the Debentures, if the volume-weighted
average price of the Company's Common Stock for any trading day is
equal to or less than the "Floor Price" of $0.031, the Company
will be required to pay the Debenture Holder 140% of the entire
outstanding principal amount of the Debentures, plus any accrued
but unpaid interest no later than ten business days after the
Prepayment Event.  In the event the Mandatory Prepayment is not
made timely, the Floor Price will be removed.

As a result of the Notice, a total of $1,526,103 is due and
payable by Sept. 29, 2014.  The Company does not believe that it
will be able to pay that amount by Sept. 29, 2014.  If it is
unable to timely pay that amount, there will be no Floor Price for
conversions of the Debentures.

                       About Inergetics Inc.

Paramus, N.J.-based Inergetics, Inc., formerly Millennium
Biotechnologies Group, Inc., is a holding company for its
subsidiary Millennium Biotechnologies, Inc.  Millennium is a
research based bio-nutraceutical corporation involved in the field
of nutritional science.  Millennium's principal source of revenue
is from sales of its nutraceutical supplements, Resurgex Select(R)
and Resurgex Essential(TM) and Resurgex Essential Plus(TM) which
serve as a nutritional support for immuno-compromised individuals
undergoing medical treatment for chronic debilitating diseases.
Millennium has developed Surgex for the sport nutritional market.
The Company's efforts going forward will focus on sales of Surgex
in powder, bar and ready to drink forms.

The Company's balance sheet at June 30, 2014, showed $3.01 million
in total assets, $12.68 million in total liabilities, $9.09
million in preferred stock and a stockholders' deficit of
$18.76 million total stockholders' deficit.

The Company stated in its quarterly report for the period ended
June 30, 2014, that "The Company's future success is dependent
upon its ability to achieve profitable operations and generate
cash from operating activities, and upon additional financing.
Management believes they can raise the appropriate funds needed to
support their business plan and develop an operating company which
is cash flow positive.

"However, the Company has a working capital deficit, significant
debt outstanding, incurred substantial net losses for the six
months ended June 30, 2014 and 2013 and has accumulated a deficit
of approximately $91 million at June 30, 2014.  The Company has
not been able to generate sufficient cash from operating
activities to fund its ongoing operations.  There is no guarantee
that the Company will be able to generate enough revenue and/or
raise capital to support its operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern."


ISC8 INC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: ISC8 Inc.
           fka Irvine Sensors Corporation
        151 Kalmus Drive, Suite A203
        Costa Mesa, CA 92626

Case No.: 14-15750

Chapter 11 Petition Date: September 23, 2014

Court: United States Bankruptcy Court
       Central District Of California (Santa Ana)

Judge: Hon. Scott C Clarkson

Debtor's Counsel: Susan K Seflin, Esq.
                  EZRA BRUTZKUS GUBNER LLP
                  21650 Oxnard St., Suite 500
                  Woodland Hills, CA 91367
                  Tel: 818-827-9000
                  Fax: 818-927-9099
                  Email: sseflin@ebg-law.com

                     - and -

                  Robyn B Sokol, Esq.
                  EZRA BRUTZKUS GUBNER LLP
                  21650 Oxnard St Ste 500
                  Woodland Hills, CA 91367
                  Tel: 818-827-9000
                  Fax: 818-827-9099
                  Email: ecf@ebg-law.com

Estimated Assets: $1 million to $10 million

Total Liabilities: $14 million

The petition was signed by Kirsten Bay, president and CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb14-15750.pdf


ITR CONCESSION: Wants to Hire KCC as Claims & Balloting Agent
-------------------------------------------------------------
ITR Concession Co., et al., filed an application to employ
Kurtzman Carson Consultants LLC as claims and balloting agent.

The Debtors propose to employ KCC as the authorized claims and
balloting agent of the Court to, among other things, undertake
mailings as directed by the Debtors, the Court, or the U.S.
Trustee, and as required by the Bankruptcy Code, the Bankruptcy
Rules, or the Local Bankruptcy Rules.

Prior to the Petition Date, the Debtors provided KCC a retainer in
the amount of $30,000.

According to the services agreement, KCC will charge at these
rates for these consulting services:

                                         Discounted
   Position                             Hourly Rate
   --------                             -----------
Executive Vice President                  Waived
Director/Senior Managing Consultant        $180
Consultant/Senior Consultant            $75 to $165
Technology/Programming Consultant       $65 to $120
Project Specialist                      $55 to $100
Clerical                                $30 to $50
Weekend, holidays and overtime            Waived

For its noticing services, KCC will waive fees for electronic
noticing, and will charge $0.08 per page for facsimile noticing.
For claims administration and management, KCC will charge $0.10
per creditor per month for license fee and data storage.  For
online claims filing (ePOC) services, the firm will charge $3.00
per claim.

Evan Gershbein, the Senior Vice President of Corporate
Restructuring Services, attests that KCC is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

         KURTZMAN CARSON CONSULTANTS LLC
         2335 Alaska Ave.
         El Segundo, CA 90245
         Attn: Drake D. Foster
         Tel: (310) 823-9000
         Fax: (310) 823-9133
         E-mail: dfoster@kccllc.com

                       About ITR Concession

ITR Concession Co. operates a 157-mile, four- to six-lane toll
road in Northern Indiana commonly referred to as the Indiana Toll
Road.  The toll road is a vital artery for interstate commerce,
linking the City of Chicago and Lake Michigan to the interstate
highway system, as well as markets, ports, and commercial and
financial centers across the United States.  The toll road opened
in 1956 and is used by nearly 130,000 vehicles per day.

ITR Concession and its affiliates filed for bankruptcy protection
(Bankr N.D. Ill. Lead Case No. 14-34284) on Sept. 21 with a plan
to restructure some $6 billion in debt by selling its assets or
reorganizing its business.

The Debtors have tapped Kirkland & Ellis LLP as counsel; Moelis &
Company LLC as investment banker; and Kurtzman Carson Consultants
LLC, as claims and notice agent.

As of the Petition Date, the Debtors have outstanding funded debt
of $6.0 billion that is comprised of approximately $3.855 billion
in principal amount of first-priority syndicated bank-debt
obligations and approximately $2.15 billion in principal amount of
pari passu first-lien interest rate hedging obligations.


ITR CONCESSION: Proposes Bar Dates for Claims of At Least $25MM
---------------------------------------------------------------
ITR Concession Company LLC, et al., ask the bankruptcy court to
enter an order establishing bar dates for filing proofs of claim
only for holders of unsecured non-priority claims equal to or
greater than $25,000,000 from a single act or occurrence.

Specifically, the Debtors want the Court to establish:

  (i) 4:00 p.m., prevailing Central Time, on the first business
day that is 35 days after the date of entry of the Bar Date Order,
as the last date and time for each entity3 (including individuals,
partnerships, corporations, joint ventures, and trusts) to file
proofs of claim based on Applicable Claims that arose prepetition
against any Debtor (the "General Bar Date"),

(ii) to the extent the Debtors amend, supplement, or modify
Modified Schedule F, the later of (A) the General Bar Date and (B)
4:00 p.m., prevailing Central Time, on the day that is 21 days
from the date on which the Debtors provide notice of such
amendment, supplement, or modification to Modified Schedule F, as
the last date and time for each entity affected by such amendment,
supplement, or modification to Modified Schedule F to file proofs
of claim based on Applicable Claims that arose prepetition against
any Debtor (such date, the "Amended Schedule F Bar Date"),

  (iii) solely as to governmental units (as defined in section
101(27) of the Bankruptcy Code), 4:00 p.m., prevailing Central
Time, on Friday, March 20, 2015, the date that is 180 days after
the Petition Date, as the last date and time for each such
governmental unit to file proofs of claim based on Applicable
Claims that arose prepetition against any Debtor, and

   (iv) for claims arising from the rejection of executory
contracts and unexpired leases of the Debtors where the claim for
such rejection is an Applicable Claim, the later of (A) 30 days
after the date on which the Court enters an order confirming the
Joint Plan of Reorganization of ITR Concession Company LLC, et
al., Pursuant to Chapter 11 of the Bankruptcy Code and (B) the
effective date of such rejection, as the last date and time for
each entity to file proofs of claim based on such rejection.

                      Modified Schedule F

The Debtors have filed a Joint Prepackaged Plan of Reorganization.
The Plan provides, among other things, that all allowed and
undisputed general unsecured claims shall be paid in full in cash
on the Plan's effective date to the extent that such claims are
not paid in the ordinary course of business prior to the Plan's
effective date; provided that any such claims shall be subject to
a claims bar date for general unsecured claims in the amount of
$25,000,000 or more on account of a single act or occurrence.

The Debtors also have filed Modified Schedule F for each Debtor,
listing those creditors that hold claims listed on the Debtors'
books and records in the amount of $25,000,000 or more on account
of a single act or occurrence.  Copies of the documents are
available for free at:

        http://bankrupt.com/misc/ITR_C_Mod_Sched_F.pdf
        http://bankrupt.com/misc/ITR_H_Mod_Sched_F.pdf
        http://bankrupt.com/misc/ITR_SMP_Mod_Sched_F.pdf

                       About ITR Concession

ITR Concession Co. operates a 157-mile, four- to six-lane toll
road in Northern Indiana commonly referred to as the Indiana Toll
Road.  The toll road is a vital artery for interstate commerce,
linking the City of Chicago and Lake Michigan to the interstate
highway system, as well as markets, ports, and commercial and
financial centers across the United States.  The toll road opened
in 1956 and is used by nearly 130,000 vehicles per day.

ITR Concession and its affiliates filed for bankruptcy protection
(Bankr N.D. Ill. Lead Case No. 14-34284) on Sept. 21 with a plan
to restructure some $6 billion in debt by selling its assets or
reorganizing its business.

The Debtors have tapped Kirkland & Ellis LLP as counsel; Moelis &
Company LLC as investment banker; and Kurtzman Carson Consultants
LLC, as claims and notice agent.

As of the Petition Date, the Debtors have outstanding funded debt
of $6.0 billion that is comprised of approximately $3.855 billion
in principal amount of first-priority syndicated bank-debt
obligations and approximately $2.15 billion in principal amount of
pari passu first-lien interest rate hedging obligations.


ITR CONCESSION: Has Deal to Assume Concession Agreement
-------------------------------------------------------
ITR Concession Company LLC, et al., filed with the bankruptcy
court a stipulation they signed with a committee of secured
creditors and the Indiana Finance Authority.

ITR Concession Company -- as Concessionaire -- and the IFA are
parties to that certain Indiana Toll Road Concession and Lease
Agreement dated as of April 12, 2006, pursuant to which the
Concessionaire operates a 157-mile toll road in northern Indiana
that is owned by the State of Indiana and is commonly referred to
as the Indiana Toll Road.

The Debtors' Prepackaged Plan contemplates that the Debtors, with
the support of the Committee of Secured Parties and the Debtors'
existing equity sponsors, will seek to confirm a chapter 11 plan
contemplating either (x) a sale of substantially all of the
Debtors' assets, or the equity interests in the Debtors owning all
or substantially all of the Debtors' assets, following a
competitive sale process or (y) a comprehensive restructuring of
the Debtors' capital structure.

The Committee of Secured Parties are comprised of certain Holders
of Senior Secured Claims represented by Milbank, Tweed, Hadley &
McCloy LLP and Houlihan Lokey Capital, Inc.

The IFA and the Concessionaire want to ensure that the
Concessionaire and the IFA, as applicable, continue to perform
their respective obligations under the Concession Agreement and
that the Concessionaire continues to operate the Indiana Toll
Road without interruption.

Pursuant to the stipulation, the parties agree, among other
things, that the Concessionaire shall assume, subject to the
occurrence of the Effective Date, the Concession Agreement, cum
onere, upon entry of the Confirmation Order and the IFA shall not
oppose such assumption if the terms of the Plan have not been
materially modified prior to such date, provided that in order for
the assumption to become effective the Concessionaire shall be
required to cure any existing defaults under the Concession
Agreement (whether or not the IFA provided formal notice of the
default prior to the Petition Date) in accordance with the
requirements of, and solely to the extent required by, Section
365(b)(1)(A) and (B) of the Bankruptcy Code, and provide adequate
assurance of future performance under the Concession Agreement to
the extent required by Section 365(b)(1)(C) of the Bankruptcy
Code; provided that the IFA agrees and acknowledges that the
Concessionaire's obligation to provide adequate assurance shall be
no greater or more burdensome on the Concessionaire than that
provided in any direct or indirect action or inaction required of
the Concessionaire to obtain the IFA's Approval under the
Concession Agreement with respect to the assumption and/or
assignment of the Concession Agreement.  Upon assumption of the
Concession Agreement, the Concession Agreement shall continue to
be binding upon the IFA and Concessionaire and any of their
respective successors, assignees, or assigns, and shall continue
to be and remain in full force and effect in accordance with its
terms.

A full-text copy of the stipulation is available at:

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

                       About ITR Concession

ITR Concession Co. operates a 157-mile, four- to six-lane toll
road in Northern Indiana commonly referred to as the Indiana Toll
Road.  The toll road is a vital artery for interstate commerce,
linking the City of Chicago and Lake Michigan to the interstate
highway system, as well as markets, ports, and commercial and
financial centers across the United States.  The toll road opened
in 1956 and is used by nearly 130,000 vehicles per day.

ITR Concession and its affiliates filed for bankruptcy protection
(Bankr N.D. Ill. Lead Case No. 14-34284) on Sept. 21 with a plan
to restructure some $6 billion in debt by selling its assets or
reorganizing its business.

The Debtors have tapped Kirkland & Ellis LLP as counsel; Moelis &
Company LLC as investment banker; and Kurtzman Carson Consultants
LLC, as claims and notice agent.

As of the Petition Date, the Debtors have outstanding funded debt
of $6.0 billion that is comprised of approximately $3.855 billion
in principal amount of first-priority syndicated bank-debt
obligations and approximately $2.15 billion in principal amount of
pari passu first-lien interest rate hedging obligations.


J&B HALDEMAN: Defaulted on Plan Payments to Black River Bank
------------------------------------------------------------
In the Chapter 11 cases of J&B Haldeman Holdings, LLC, and James
B. Haldeman and Barbara J. Haldeman, Bankruptcy Judge Catherine J.
Furay in Wisconsin granted Black River Country Bank's post-
confirmation motion directing the transfer of real estate
according to the terms of a confirmed plan.  The Debtors object to
the motion.

The Debtors' plan was confirmed on March 22, 2013.  With respect
to BRCB's secured claim, the Plan required monthly interest
payments as well as principal reductions based on an annual
schedule. The schedule included a $50,000 principal payment that
was due by December 31, 2013. The Debtors failed to make this
payment. In addition, the Plan provides that BRCB retains its
mortgages on all property until the Debtors' obligations are
satisfied in full. Likewise, the Debtors' "personal guaranties
remain in full force and effect until the obligations are paid in
full."

The Plan also addresses the consequences of defaults by the
Debtors. It permits the Debtors a 60-day cure period.  If, by the
end of the 60-day period, the Debtors fail to make any payment,
the Plan provides the Debtors "will deed back the remaining
secured property to the Black River Country Bank." The Debtors
failed to cure the payment default within the cure period.

The Plan also provides that "[t]he Bankruptcy Court shall retain
jurisdiction on [sic] this confirmed Chapter 11 proceedings as it
relates to the terms, conditions and provisions of this agreement
as it relates to default, conditions, and any matter relating to
the contract."

In anticipation of their inability to make the $50,000 principal
payment, the Debtors filed a proposed modified plan on December
31, 2013. The proposed modification sought to extend the due date
for the initial principal payment through June 30, 2014.

On March 10, 2014, the Court denied approval of the modified plan.
The Court found that because a significant portion of the property
to be distributed under the plan had not been conveyed to claim
holders, the plan had not been substantially consummated as of the
date of the hearing.

A copy of the Court's September 23, 2014 Decision is available at
http://is.gd/HbpOf5from Leagle.com.

J&B Haldeman Holdings LLC, based in Black River Falls, Wisconsin,
sought Chapter 11 bankruptcy protection (Bankr. W.D. Wis. Case No.
11-11386) on March 9, 2011.  Judge Thomas S. Utschig was assigned
to the case.  Galen W. Pittman, Esq., at Galen W. Pittman, S.C.,
serves as the Debtor's counsel.  In its petition, the Debtor
estimated $1 million to $10 million in assets and liabilities.

A list of the Company's 10 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/wiwb11-11386.pdf

The petition was signed by James B. Haldeman, member.

Mr. Haldeman and his spouse, Barbara J. Haldeman, also filed a
joint Chapter 11 petition ((Bankr. W.D. Wis. Case No. 11-11359) on
March 8, 2011.  The corporate and individual Chapter 11 cases have
been jointly administered since April 13, 2012.


JAMES RIVER COAL: PBGC to Pay Pension Benefits
----------------------------------------------
The Pension Benefit Guaranty Corporation will pay retirement
benefits for nearly 2,000 current and future retirees of James
River Coal Company, a mining operation based in Richmond, Va.

PBGC is stepping in because the company sold the majority of its
assets in bankruptcy and the buyer isn't assuming the pension
plan.

PBGC will pay all pension benefits earned by James River Coal
retirees up to the legal maximum of about $59,320 a year for a 65-
year-old.

Retirees will continue to get benefits without interruption, and
future retirees can apply for benefits as soon as they are
eligible.

Employees and retirees who are participants in the James River
Coal Company Employees' Pension Plan will continue to receive
benefits from the company until PBGC assumes responsibility.

According to PBGC estimates, the plan is 61 percent funded with
$74 million in assets to pay $121 million in benefits. The agency
expects to cover $44.6 million of the $47.1 million shortfall.

The company's pension plan ended as of Aug. 31, 2014.

PBGC can provide general information now and will be able to
answer more detailed questions once the agency receives pension
plan records. Participants in the company's plan will be notified
by letter after the transfer occurs.

For additional information, please email the agency at
mypension@pbgc.gov or call 1-800-400-7242 (8 a.m. to 7 p.m. EST,
Monday - Friday) (TTY/ASCII: call 1-800-877-8339 and ask to be
connected to 1-800-400-7242).

James River Coal is a producer and marketer of coal in the Central
Appalachia and the Midwest coal regions of the U.S. The company
sought Chapter 11 Protection in the U.S. Bankruptcy Court in
Richmond, Va., on April 7, 2014. The company sold the majority of
its assets to Blackhawk Mining LLC following a bankruptcy court
auction in August.

PBGC protects the pension benefits of more than 42 million
Americans in private-sector pension plans. The agency is directly
responsible for paying the benefits of more than 1.5 million
people in failed pension plans. PBGC receives no taxpayer dollars
and never has. Its operations are financed by insurance premiums,
investment income, and with assets and recoveries from failed
plans.


JOHN CAMPBELL MCTIERNAN: Court Won't Convert Case to Chapter 7
--------------------------------------------------------------
Bankruptcy Judge Peter J. McNiff in Wyoming denied the request of
First Interstate Bank to convert the Chapter 11 case of John
McTiernan, Jr., to one under Chapter 7 of the Bankruptcy Code.

McTiernan filed a voluntary chapter 11 petition (Bankr. D. Wyo.
Case No. 13-20987) on October 18, 2013.  At the time of filing,
the Debtor was incarcerated and the petition was filed by Gail
Sistrunk, his spouse, with a power of attorney.

McTiernan owed the Bank under a $5,500,000 loan in 2007.  The
unpaid balance as of the date of the hearing on the Conversion
motion was $6,100,224, and accruing interest at the rate of
$1,606.38 per day.  The loan is secured by Debtor's property at
Bear Claw Ranch, 5 Columbus Drive, 23 Columbus Drive and 20
Columbus Drive near Sheridan, Wyoming.

The Debtor admits that he filed for bankruptcy protection to halt
Bank's foreclosure proceeding.  The Debtor asserts that the equity
in the Bear Claw Ranch will allow him to pay his debts.

The Debtor is a film maker with numerous hit films to his credit.
He reported to prison in April 2013. He testified that his
petition and schedules were prepared by Ms. Sistrunk, and filed to
stop the foreclosure of the Bear Claw Ranch to preserve Debtor's
equity in the property.  The Debtor testified that he reviewed the
petition, schedules and other bankruptcy documents upon his
release in February or March 2014.  The Debtor testified that he
intends to liquidate the Sheridan properties and move using the
equity from the sale proceeds to pay his creditors.  He stated
that he wants to "preserve the equity and dig himself out of this
financial hole." As of the day of the hearing, the Debtor
testified that he had a screen play and expected to receive income
of approximately $1 million.  He admitted that there is an offer
for the purchase of the ranch for the amount of $7.3 million
dollars, but feels that the buyer's offer is too low.

Judge McNiff said the Bank met its burden that the case should be
converted due to the gross mismanagement of the estate and the
Debtor's failure to timely file required reports.  However, the
court found that the unusual circumstance exception exists.  The
Court denies Bank's motion to convert and requires the Debtor to
(1) file a disclosure statement and plan; (2) timely file all
required reports; and, (3) strictly comply with all requirements
of the Bankruptcy Code, Federal Rules of Bankruptcy Procedure and
Wyoming Local Bankruptcy Rules during the pendency of this
bankruptcy case.

A copy of the Court's September 22, 2014 Opinion is available at
http://is.gd/NccRLkfrom Leagle.com.


KEMET CORP: Expects Q2 Net Income of $206MM to $212MM
-----------------------------------------------------
KEMET Corporation had confirmed its previously announced earnings
guidance provided on July 24, 2014.

KEMET confirmed that for the upcoming quarter ending Sept. 30,
2014, it currently expects revenues to be in the range of $206
million to $212 million, and that adjusted operating gross margins
are currently expected to improve over the June 30, 2014, quarter
by 100 to 200 basis points.

"The quarter appears to be developing as we expected and we
believe that the final results will be consistent with our prior
expectations.  Margins continue to remain a primary focus and at
this point the cost improvement actions are taking hold," stated
Per Loof, KEMET's chief executive officer.  "We are also pleased
to be recognized in an article by the Wall Street Journal recently
as one of only four companies out of 1,300 filing with the SEC
that had an audit conducted on our conflict minerals report,"
continued Loof.

                            About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

The Company's balance sheet at June 30, 2014, showed $838.64
million in total assets, $620.39 million in total liabilities and
$218.25 million in total stockholders' equity.

                            *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to Caa1
from B2 and the Probability of Default Rating to Caa1-PD from B2-
PD based on Moody's expectation that KEMET's liquidity will be
pressured by maturing liabilities and negative free cash flow due
to the interest burden and continued operating losses at the Film
and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Simpsonville,
S.C.-based KEMET Corp. to 'B-' from 'B+'.

"The downgrade is based on continued top-line and margin pressures
and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.

The TCR reported in August 2014 that Standard & Poor's Ratings
Services revised its outlook on Greenville, S.C.-based capacitor
supplier KEMET Corp. to stable from negative.  S&P affirmed the
ratings, including the 'B-' corporate credit rating.


KIMROW INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Kimrow, Inc.
           dba South Georgia MotorSports Park
        16936 County Road 252
        Mc Alpin, FL 32062

Case No.: 14-71214

Chapter 11 Petition Date: September 23, 2014

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

Debtor's Counsel: Christopher W. Terry, Esq.
                  STONE & BAXTER, LLP
                  577 Mulberry Street, Ste 800
                  Macon, GA 31201
                  Tel: 478-750-9898
                  Fax: 478-750-9899
                  Email: cterry@stoneandbaxter.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kimberly F. Wood, president.


A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/gamb14-71214.pdf


LARSEN ROAD: Court Dismisses Chapter 11 Case
--------------------------------------------
Judge Susan V. Kelly entered an order on Sept. 2, 2014, dismissing
the Chapter 11 case of Larsen Road Green Bay.

Larsen Road Green Bay filed a bare-bones Chapter 11 petition
(Bankr. E.D. Wisc. Case No. 14-24324) in Milwaukee on April 14,
2014.  The Debtor disclosed $15,081,524 in assets and
$15,691,340 in liabilities.  The Debtor is represented by Mark L.
Metz, Esq., at Leverson & Metz, S.C., in Milwaukee.  The petition
was signed by Peter Jungbacker as president of general manager.


LPATH INC: To Offer $12.5 Million Worth of Common Shares
--------------------------------------------------------
Lpath, Inc., has entered into definitive agreements to sell
3,605,042 registered shares of common stock and 3,605,042
unregistered warrants in a registered direct offering.  The
combined purchase price for one registered share of common stock
and one unregistered warrant to purchase one unregistered share of
common stock will be $3.475.  The warrants have an exercise price
of $3.36, are immediately exercisable and will terminate on the
five-year anniversary of issuance.  The closing of the offering is
expected to occur on or about Sept. 24, 2014, subject to the
satisfaction of customary closing conditions.

Maxim Group LLC is acting as the exclusive placement agent for the
offering.

Lpath intends to use the net proceeds from the offering for
research and development activities, operating costs, capital
expenditures and for general corporate purposes, including working
capital.  Lpath may also use a portion of the net proceeds to
invest in or acquire businesses or technologies that it believes
are complementary to its own, although it has no current plans,
commitments or agreements with respect to any acquisitions.

Additional information is available for free at:

                       http://is.gd/9bJOfC

                         About Lpath, Inc.

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $6.56 million in 2013, a net loss of
$2.75 million in 2012 and a net loss of $3.11 million in 2011.

As of June 30, 2014, the Company had $18.40 million in total
assets, $5.26 billion in total liabilities and $13.14 million in
total stockholders' equity.


MILNER DISTRIBUTION: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Milner Distribution Alliance, Inc.
           dba MAXX Sunglasses
           dba 3DP Vision
           dba Gold Vision
        738 Synthes Avenue
        Monument, CO 80132-8102

Case No.: 14-22962

Chapter 11 Petition Date: September 23, 2014

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Sidney B. Brooks

Debtor's Counsel: Jeffrey Weinman, Esq.
                  WEINMAN & ASSOCIATES, P.C.
                  730 17th St., Ste. 240
                  Denver, CO 80202
                  Tel: 303-572-1010
                  Email: jweinman@epitrustee.com

Total Assets: $2.60 million

Total Liabilities: $2.87 million

The petition was signed by Richard Milner, president.

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


MIRACIT DEVELOPMENT: Case Summary & 12 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: MiraCit Development Corporation, Inc.
        2181 Mock Road
        Columbus, OH 43219

Case No.: 14-56697

Chapter 11 Petition Date: September 23, 2014

Court: United States Bankruptcy Court
       Southern District of Ohio (Columbus)

Judge: Hon. Kathryn Preston

Debtor's Counsel: W. Travis Garrison, Esq.
                  RHIEL & ASSOCIATES CO., LPA
                  394 E Town Street
                  Columbus, OH 43215
                  Tel: 614.221-4670
                  Email: travis@susanattorneys.com

                     - and -

                  Susan L Rhiel, Esq.
                  RHIEL & ASSOCIATES CO., LPA
                  394 E. Town Street
                  Columbus, OH 43215
                  Tel: (614) 221-4670
                  Fax: 614-227-0326
                  Email: pleadings@susanattorneys.com

Total Assets: $2.50 million

Total Liabilities: $5.90 million

The petition was signed by Sharon A. Davis, treasurer.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ohsb14-56697.pdf


MOMENTIVE PERFORMANCE: Plan Opponents to Appeal Dist. Court Order
-----------------------------------------------------------------
Chris Dolmetsch, writing for Bloomberg News, reported that U.S.
District Judge Vincent Briccetti in White Plains, New York, has
denied the request of creditors to stay confirmation of Momentive
Performance Materials Inc.'s bankruptcy plan pending their appeal.
Judge Briccetti also declined to let the plan opponents take their
case directly to the U.S. Court of Appeals in Manhattan.

According to the report, Judge Briccetti refused to put the plan
on hold, saying the challengers hadn?t shown a likelihood their
appeal would succeed.  He said Judge Robert Drain was probably
correct in his treatment of the senior creditors? claims.

The opponents have notified the district court they would appeal
both rulings, the report said.

On September 11, 2014, the Bankruptcy Court entered its Finding of
Fact, Conclusions of Law and Order confirming the Debtors' Joint
Chapter 11 Plan.

                   About Momentive Performance

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

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

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

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

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

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

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

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

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

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

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


MOMENTIVE PERFORMANCE: Files Amended Form T-3 for 2021 Notes
------------------------------------------------------------
Momentive Performance Materials Inc. has filed with the Securities
and Exchange Commission an Amendment No. 1 to Form T-3 (FOR
APPLICATIONS FOR QUALIFICATION OF INDENTURES UNDER THE TRUST
INDENTURE ACT OF 1939).  A copy of the document is available at
http://is.gd/JhrFZa

Momentive intends to issue First-Priority Senior Secured Notes due
2021 in the approximate aggregate principal amount of $1,139.9
million.  The 2021 notes will be issued in consideration for the
cancellation of all amounts payable in respect of the Company's
existing 8.875% First-Priority Senior Secured Notes due 2020. The
$1,139.9 million amount listed as the approximate aggregate
principal amount represents the estimated total outstanding
principal amount of, plus accrued and unpaid interest on, the
8.875% First-Priority Senior Secured Notes due 2020 as of
September 12, 2014.  This amount will be increased such that the
actual aggregate principal amount of the notes will reflect all
amounts that may be payable in respect of the 8.875% First-
Priority Senior Secured Notes due 2020 as of the Effective Date of
the Plan, including additional accrued interest and any make-whole
or other amounts that may be payable.

                   About Momentive Performance

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

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

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

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

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

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

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

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

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

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

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


MOMENTIVE PERFORMANCE: Files Amended Form T-3 for 2022 Notes
------------------------------------------------------------
Momentive Performance Materials Inc. has filed with the Securities
and Exchange Commission an Amendment No. 1 to Form T-3 (FOR
APPLICATIONS FOR QUALIFICATION OF INDENTURES UNDER THE TRUST
INDENTURE ACT OF 1939).  A copy of the document is available at
http://is.gd/LtOqkq

Momentive intends to issue Second-Priority Senior Secured Notes
due 2022 in the approximate aggregate principal amount of $260.2
million.  The 2022 notes will be issued in consideration for the
cancellation of all amounts payable in respect of the Company's
existing 10% Senior Secured Notes due 2020.  The $260.2 million
amount listed as the approximate aggregate principal amount
represents the estimated total outstanding principal amount of,
plus accrued and unpaid interest on, the 10% Senior Secured Notes
due 2020 as of September 12, 2014. This amount will be increased
such that the actual aggregate principal amount of the notes will
reflect all amounts that may be payable in respect of the 10%
Senior Secured Notes due 2020 as of the Effective Date of the
Plan, including additional accrued interest and any make-whole or
other amounts that may be payable.

                   About Momentive Performance

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

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

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

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

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

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

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

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

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

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

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


MTR GAMING: Moody's Affirms B3 CFR & Revises Outlook to Negative
----------------------------------------------------------------
Moody's Investors Service revised the rating outlook of MTR Gaming
Group, Inc. to negative from stable. At the same time, Moody's
affirmed the company's including its Corporate Family Rating at
B3, Probability of Default Rating at B3-PD, and senior secured
second lien note rating at B3. MTR's SGL-3 Speculative Grade
Liquidity Rating, indicating adequate liquidity, is affirmed.

The change in MTR's rating outlook to negative from stable
reflects the company's declining revenue and EBITDA for the first
six months of 2014 -- down 5.7% and 12.8% respectively -- and
Moody's expectation that these trends will not improve over the
near term. Moody's expects that modest earnings growth at Scioto
Downs will not be sufficient to offset declines at Mountaineer and
Presque Isle due to additional competition and an upcoming smoking
ban in West Virginia. This will cause MTR's leverage -- already
considered high at 6.3 times -- to increase to about 7.0 times and
interest coverage to remain weak at just above 1.0 times over the
next 12 to 18 months.

On September 19, 2014, MTR, Eldorado Resorts, LLC (B2 negative),
and certain of their affiliates entered into a merger agreement,
pursuant to which Eldorado and MTR became wholly-owned
subsidiaries of Eldorado Resorts, Inc. (ERI). Both MTR and
Eldorado will maintain their existing debt under the new parent
company. MTR's existing debt is not guaranteed by Eldorado or ERI
and MTR does not guarantee the debt of Eldorado. Moody's ratings
reflect the discrete financing arrangements and credit profiles of
Eldorado Resorts, LLC and MTR Gaming Group Inc.

Moody's expect ERI, the new holding company, will likely refinance
existing high coupon debt at Eldorado and MTR by the time the
bonds are callable in 2015. At such time, depending on the terms
of the refinancing, Moody's may withdraw the Corporate Family
Ratings at the subsidiary levels and move it to ERI.

Outlook Actions:

Issuer: MTR Gaming Group, Inc.

Outlook, Changed To Negative From Stable

Affirmations:

Issuer: MTR Gaming Group, Inc.

Probability of Default Rating, Affirmed B3-PD

Speculative Grade Liquidity Rating, Affirmed SGL-3

Corporate Family Rating (Local Currency), Affirmed B3

Senior Secured Regular Bond/Debenture (Local Currency) Aug 1,
2019, Affirmed B3(LGD4)

Ratings Rationale

MTR's B3 Corporate Family Rating reflects the company's high
leverage and weak interest coverage, small scale in terms of
revenue, and significant customer concentration. Moody's adjusted
debt/EBITDA and EBIT/interest for the last twelve months ended
June 30, 2014 was 6.3 times and 0.9 times respectively
(adjustments include the capitalization of operating leases). Also
considered is Moody's view that consumer spending on gaming is not
expected to improve materially over the near term which will make
it difficult for MTR to grow revenues and earnings in a highly
competitive market. Positive consideration is given to MTR's good
cash balances and positive free cash flow.

The B3 rating on MTR's 11.5% second lien notes due 2019 - the same
as the company's Corporate Family Rating - considers that the
notes represent a significant portion of the company's debt
capital. The only other debt in the capital structure is a $20
million first lien secured revolver (not rated) which was undrawn
at June 30, 2014. The senior secured second lien notes and
revolver are guaranteed by MTR's wholly-owned subsidiaries. The
second lien notes are not guaranteed by Eldorado Resorts Inc or
Eldorado Holdco.

MTR's SGL-3 Speculative Grade Liquidity rating reflects an
adequate liquidity profile. MTR's liquidity is supported by its
large cash balance -- about $100 million -- modest free cash flow,
and undrawn $20 million revolving credit facility which expires in
August 2016. Additionally, there are no material debt maturities
until 2019 when the second lien notes mature. The SGL-3 rating
also incorporates Moody's calculation of very modest cushion on
MTR's interest coverage and total leverage covenants.

Given the additional competition in its primary market and the
West Virginia smoking ban that will go into effect in July of
2015, an upgrade is unlikely in the near term. However, MTR's
outlook could be revised to stable from negative if operating
trends were to improve or if MTR were to refinance its $565
million 11.5% senior notes such that free cash flow improves and
MTR uses that free cash flow to permanently reduce debt.

MTR's ratings could be downgraded if its operations continue to
deteriorate or if liquidity weakens for any reason.

The principal methodology used in this rating was the Global
Gaming Industry published in June 2014. Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

MTR, through its subsidiaries, owns and operates Mountaineer
Casino, Racetrack & Resort in Chester, West Virginia; Presque Isle
Downs & Casino in Erie, Pennsylvania and Scioto Downs in Columbus,
Ohio. MTR generates annual net revenues of approximately $480
million. MTR is a subsidiary of Eldorado Resorts Inc.


NATIONAL MENTOR: S&P Raises Corp Credit Rating to 'B+'
------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Boston-based National Mentor Holdings Inc. to 'B+' from
'B'.  The outlook is stable.

S&P raised its issue-level rating to 'B+' from 'B' on the
company's senior secured credit facility, which includes a $100
million revolving credit facility and a $600 million term loan.
The recovery rating on the facility is '3', indicating meaningful
(50%-70%) recovery in the event of payment default.

S&P also raised the issue-level rating to 'B-' from 'CCC+' on the
company's senior unsecured notes.  The recovery rating is '6',
indicating negligible (0%-10%) recovery in the event of payment
default.

S&P removed all of the ratings from CreditWatch positive, where it
placed them on May 29, 2014.

"The ratings on National Mentor reflect its position in the highly
fragmented and competitive behavioral health care market and
exposure to potential third-party reimbursement reductions, which
supports our view of the company's "weak" business risk profile,"
said credit analyst Tahira Wright.  "The ratings also reflects our
expectation that leverage will range between 4.5x and 5x, which we
incorporate into our assessment of the company's "aggressive"
financial risk profile.  National Mentor provides services to
individuals with intellectual and developmental disabilities
(I/DD), post-acute specialty rehabilitation services (SRS) for
individuals with acquired brain injuries, and services for at-risk
youth (ARY)."

S&P's stable outlook reflects its expectation that the company
will continue to pursue an acquisitive growth strategy but remain
committed to maintaining leverage between 4.5x and 5x.

Downside scenario

S&P could lower its rating in the event the company enters a large
acquisition that results in the company borrowing $125 million
that will cause leverage to rise at a sustained level above 5x.  A
downgrade could also be the result of significant reimbursement
pressure that cannot be controlled through cost-containment
efforts which would support sluggish growth or an EBITDA margin
contraction of about 100 basis points.

Upside scenario

A higher rating is unlikely given S&P's expectation that the
company will continue to be majority owned by its previous sponsor
and will operate with credit metrics that are commensurate of an
"aggressive" financial risk profile.


NET ELEMENT: Francesco Piovanetti Holds 9.7% Equity Stake
---------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Francesco Piovanetti and his affiliates
disclosed that as of Sept. 17, 2014, they beneficially owned
3,719,520 shares of common stock of Net Element, Inc.,
representing 9.7 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at http://is.gd/NxMXX7

                          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.  The Company's
balance sheet at June 30, 2014, showed $16.57 million in total
assets, $22.79 million in total liabilities and a $6.21 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.


NEOMEDIA TECHNOLOGIES: Reports Revised Q1 Net Income of $15,000
---------------------------------------------------------------
NeoMedia Technologies, Inc., had amended its quarterly report for
the period ended March 31, 2014, which was originally filed with
the U.S. Securities and Exchange Commission on April 30, 2014.

During the three month period ended March 31, 2014, for fair value
accounting of the derivative financial instruments and debentures
payable, the Company said it reassessed the valuation techniques
used to estimate the liability fair values.  Based on the
assessment, the Company determined that the valuation technique
should be modified to consider the potentially dilutive impact on
the stock price resulting from the issuance of additional shares
of common stock upon the conversion of the instruments as well as
the resulting value in comparison to the Company's market
capitalization.

On July 16, 2014, after a series of comment letters beginning
Nov. 22, 2013, the Company received correspondence from the
Securities and Exchange Commission, requesting that (i) the
Company restates certain of its financial statements by filing
amendments to the reports containing those financials, and (ii)
the Company file an 8-K to report non- reliance on those
financials.  In its correspondence, the SEC asserted that certain
modifications in the Company's valuation methodology, deemed as
accounting estimates, contained errors with respect to the
valuation of convertible debentures issued by the Company, in that
such methodology did not capture the debentures' potentially
dilutive effect upon their conversion into common stock.

The Company agreed with the SEC's assertion that certain
modifications in its valuation methodology contained errors with
respect to the valuation of convertible debentures issued by it.

As restated, the Company reported net income of $15,000 on $1
million of revenues for the three months ended March 31, 2014,
compared to net income of $242.59 million on $1 million of
revenues as originally reported.

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

                     http://is.gd/J3IFGa

                  About NeoMedia Technologies

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

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


NEW LOUISIANA: Palm Terrace Debtors Win Interim Okay of DIP Loan
----------------------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana authorized, on an interim basis,
CHC-CLP Operator Holding, LLC, CHC-SPC Operator, Inc., SA-
Lakeland, LLC, SA-Clewiston, LLC and SA-St. Petersburg, LLC --
collectively, the "Palm Terrace Debtors -- to obtain senior
secured, postpetition financing from SA Mezz Holdings LLC.

Judge Summerhays also authorized, on an interim basis, the Debtors
to use cash collateral securing their indebtedness owing to pre-
bankruptcy lender Pacific Western Bank.

The hearing to consider entry of a Final Order with respect to the
DIP financing and cash collateral use will take place on Oct. 7,
2014 at 10:00 a.m. (prevailing Central time).  Objections must be
submitted by Sept. 30.

The Palm Terrace Debtors are affiliates of New Louisiana Holdings,
LLC.

The DIP Lender has agreed to provide the Debtors access to up to
$600,000 in financing on an emergency basis.

As reported in the Troubled Company Reporter on Sept. 11, 2014,
the DIP Loan accrues interest at a fixed rate of 4.5%.  Default
interest is 2.00% above the applicable interest rate.

The interim advances will supplement the Debtor's use of cash
collateral and solely be used to pay payroll and related expenses,
make critical vendor payments, fund working capital requirements
and fund deposits to utilities (a) in the aggregate amount of not
to exceed $600,000; (b) such additional amount may be agreed to by
the lender in writing; or (c) such other sum as approved by the
Court on an interim basis with the written consent of the lender.

In addition, the final advances will be used to:

  a) supplement the Debtor's use of cash collateral and solely be
     used to pay payroll and related expenses, make critical
     vendor payments, fund working capital requirements and fund
     deposits to utilities; and

  b) pay in full all obligations due to Pacific Western Bank on
     account of any prepetition loans and other extension of
     credit under the certain revolving credit and security
     agreement as of Nov. 25, 2008 between the borrowers and
     Pacific Western, successor by merger to Capital Source Bank:

     i) in the aggregate amount not to exceed $2,400,000;

    ii) additional amount may be agreed to by the lender in
        writing; or

   iii) other sum as approved by the Court on an interim
        basis with the written consent of the lender.

Pursuant to a Prepetition Credit Agreement, PacWest agreed to
provide Debtors with a revolving credit facility in a maximum
principal amount at any time outstanding of up to $3,000,000.

According to the TCR, as of the bankruptcy filing date, the
Debtors were indebted to Pacific Western in the approximate
aggregate principal amount of $2,028,985.

Interest on the DIP facility will be payable in cash at the end of
each month in arrears at 4.5% per annum.  During the continuance
of an even of default, the interest rates applicable to all
advances under the DIP facility will be increased by 2% per annum,
but such increased rate will not be considered compensation for or
prevent the exercise by lender of any remedies.

The Debtors said the lender will receive a fully perfected
security interest in all prepetition and postpetition assets of
all the Debtors.

A full-text copy of the term sheet of the DIP facility is
available for free at http://is.gd/OdvEHY

A full-text copy of the cash budget is available for free at
http://is.gd/84quxh

The Debtors' counsel are:

     Patrick J. Neligan, Jr., Esq.
     James Muenker, Esq.
     NELIGAN FOLEY, LLP
     325 N. St. Paul Street, Suite 3600
     Dallas, TX 75201
     Tel: (214) 840-5300
     Fax: (214) 840-5301
     E-mail: pneligan@neliganlaw.com
             jmuenker@neliganlaw.com

PacWest is represented by:

     Kenneth J. Ottaviano, Esq.
     KATTEN MUCHIN ROSENMAN LLP
     525 West Monroe Street
     Chicago, IL 60661

The DIP lender is represented by:

     William H. Patrick, III, Esq.
     Cherie Nobles, Esq.
     HELLER, DRAPER, PATRICK, HORN & DABNEY LLC
     650 Poydras Street, Suite 2500
     New Orleans, LA 70130
     E-mail: wpatrick@hellerdraper.com
             cnobles@hellerdraper.com

                   About New Louisiana Holdings

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Case No. 14-50756, Bankr. W.D. La.), on
June 25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854),
Lakewood Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855),
Panola 501 Partners, LP (Case No. 14-50862), Regency 14333 Tenant,
LLC (Case No. 14-50861), Retirement Center 14686 Tenant, LLC (Case
No. 14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No. 14-
50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No. 14-
50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No. 14-
50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No. 14-
51101), SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC
(Case No. 14-51103) -- that operate skilled nursing facilities
located in Lakeland, Clewiston and St. Petersburg, Florida, sought
Chapter 11 protection on Sept. 3, 2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays of the U.S. Bankruptcy Court for the Western District
of Louisiana in Lafayette.

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas.


NEW LOUISIANA: Neligan Foley Hiring Approved on Interim Basis
-------------------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana issued an interim order authorizing
New Louisiana Holdings LLC and its debtor-affiliates to employ
Neligan Foley LLP as their counsel.

The firm will:

   a) advise the Debtors, their management and officers of their
      rights, powers, and duties as a debtor-in-possession;

   b) counsel the Debtors' management and officers on issues
      involving operations, potential sales of assets, and
      possible financing options;

   c) negotiate documents, preparing pleadings, and representing
      the Debtors at hearings related to those matters;

   d) take all necessary actions to protect and preserve the
      Debtors' estates, including prosecuting litigation on
      Debtors' behalf, investigating claims of the Debtors,
      defending the Debtors, if necessary, in actions, litigation,
      hearings or motions commenced against the Debtors,
      negotiating disputes in which the Debtors are involved, and
      preparing objections to claims filed against the
      estates;

   e) prepare on behalf of the Debtors all necessary motions,
      applications, answers, pleadings, orders, reports, and
      papers in administration of the estate or in furtherance of
      the Debtors' business operations, or as required to preserve
      the Debtors' assets, and as otherwise requested by the
      Debtors' management;

   f) negotiate and draft documents relating to debtor-in-
      possession financing and use of cash collateral and attend
      any hearings on such matters, prepare discovery and respond
      to discovery served on the Debtors, respond to creditor
      inquiries and information requests, assist with preparation
      of Schedules, Statement of Financial Affairs, Monthly
      Operating Reports, attendance at Section 341 meeting and
      representation at meetings with creditors as well as any
      committee appointed by the United States Trustee;

   g) counsel the Debtors in connection with the sale of some or
      all of the Debtors' assets, negotiating the terms of any
      such sale, drafting, negotiating, and prosecuting any
      pleadings and other documents necessary to complete any such
      sale;

  h) draft, negotiate, and prosecute on behalf of the Debtors a
     plan of reorganization, the related disclosure statement, and
     any revisions, amendments, and supplements relating to the
     foregoing documents, and all related materials; and

  i) perform all other necessary legal services in connection
     with these cases and any other bankruptcy-related
     representation that the Debtors require;

The Debtors said they paid to the firm an aggregate retainer of
$260,000.  A portion of the retainer, $20,000 was paid directly by
New Louisiana Holdings and the balance was paid by Cypress Health
Group, an affiliate of the Debtors.  The portion paid by Cypress
Health Group was charged on the books as an advance or loan to the
Debtors.  The firm applied $140,000 of the retainer to the fees
and expenses incurred prior to the petition date.  Thus, as of the
petition date, the firm is holding a retainer of $120,000.

The firm's professionals and their hourly rates:

     Partners                    $395-$675
     Paralegals and associates   $130-$350

The Debtors assured the Court that the firm is "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                   About New Louisiana Holdings

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Case No. 14-50756, Bankr. W.D. La.), on
June 25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854),
Lakewood Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855),
Panola 501 Partners, LP (Case No. 14-50862), Regency 14333 Tenant,
LLC (Case No. 14-50861), Retirement Center 14686 Tenant, LLC (Case
No. 14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No. 14-
50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No. 14-
50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No. 14-
50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No. 14-
51101), SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC
(Case No. 14-51103) -- that operate skilled nursing facilities
located in Lakeland, Clewiston and St. Petersburg, Florida, sought
Chapter 11 protection on Sept. 3, 2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays of the U.S. Bankruptcy Court for the Western District
of Louisiana in Lafayette.

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas.

Pacific Western Bank, the pre-bankruptcy lender, is represented by
Kenneth J. Ottaviano, Esq., at Katten Muchin Rosenman LLP.

SA Mezz Holdings LLC, the DIP lender, is represented by William H.
Patrick, III, Esq., and Cherie Nobles, Esq., at Heller, Draper,
Patrick, Horn & Dabney LLC.


NEW LOUISIANA: Court Says Patient Care Ombudsman Not Necessary
--------------------------------------------------------------
The Hon Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana said appointing a patient care
ombudsman for New Louisiana Holdings LLC and its debtor-affiliates
is not necessary.

Regency 14333 Tenant LLC, one of the Debtors, told the Court that
the appointment is not in the best interest of creditors and other
parties-in-interest.  The appointment of a PCO can lead to the
incurrence of substantial administrative expenses on the Debtor's
estate.  In this case, Regency is currently projecting to cash
flow positive from operations during its Chapter 11 case, Regency
14333 said.

                   About New Louisiana Holdings

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Case No. 14-50756, Bankr. W.D. La.), on
June 25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854),
Lakewood Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855),
Panola 501 Partners, LP (Case No. 14-50862), Regency 14333 Tenant,
LLC (Case No. 14-50861), Retirement Center 14686 Tenant, LLC (Case
No. 14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No. 14-
50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No. 14-
50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No. 14-
50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No. 14-
51101), SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC
(Case No. 14-51103) -- that operate skilled nursing facilities
located in Lakeland, Clewiston and St. Petersburg, Florida, sought
Chapter 11 protection on Sept. 3, 2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays of the U.S. Bankruptcy Court for the Western District
of Louisiana in Lafayette.

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas.

Pacific Western Bank, the pre-bankruptcy lender, is represented by
Kenneth J. Ottaviano, Esq., at Katten Muchin Rosenman LLP.

SA Mezz Holdings LLC, the DIP lender, is represented by William H.
Patrick, III, Esq., and Cherie Nobles, Esq., at Heller, Draper,
Patrick, Horn & Dabney LLC.


NEW LOUISIANA: Schedules Filing Deadline Extended Thru Sept. 30
---------------------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana extended the deadline within which
New Louisiana Holdings LLC and its debtor-affiliates can file
their schedules of and statement of financial affairs until Sept.
30, 2014.

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Case No. 14-50756, Bankr. W.D. La.), on
June 25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854),
Lakewood Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855),
Panola 501 Partners, LP (Case No. 14-50862), Regency 14333 Tenant,
LLC (Case No. 14-50861), Retirement Center 14686 Tenant, LLC (Case
No. 14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No. 14-
50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No. 14-
50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No. 14-
50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No. 14-
51101), SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC
(Case No. 14-51103) -- that operate skilled nursing facilities
located in Lakeland, Clewiston and St. Petersburg, Florida, sought
Chapter 11 protection on Sept. 3, 2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays of the U.S. Bankruptcy Court for the Western District
of Louisiana in Lafayette.

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas.

Pacific Western Bank, the pre-bankruptcy lender, is represented by
Kenneth J. Ottaviano, Esq., at Katten Muchin Rosenman LLP.

SA Mezz Holdings LLC, the DIP lender, is represented by William H.
Patrick, III, Esq., and Cherie Nobles, Esq., at Heller, Draper,
Patrick, Horn & Dabney LLC.


NEWLEAD HOLDINGS: Reports Delivery of 3rd Eco-Type Vessel
---------------------------------------------------------
NewLead Holdings Ltd. announced that the "Newlead Castellano", a
2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, was
delivered to NewLead's owned fleet on Sept. 16, 2014.

The Newlead Castellano is trading on the spot market and is
expected to generate approximately $1.7 million EBITDA per year
assuming $1.73 million yearly operating expenses.

The Newlead Castellano is the third modern eco-type Handysize
vessel to be delivered to NewLead's owned fleet since January
2014.  NewLead had agreed to acquire this vessel for a purchase
price of $19.5 million in December 2013, as previously announced.
The other two Handysize vessels, the Newlead Albion and the
Newlead Venetico, both of which the Company had agreed to acquire
in March 2014, for a total acquisition price of $37 million, were
delivered on May 19, 2014, and July 25, 2014, respectively, as
already announced.

Mr. Michael Zolotas, Chairman and chief executive officer of
NewLead, stated, "We are pleased to announce the delivery of the
Newlead Castellano as scheduled.  This is the third modern and
fuel efficient vessel to be delivered to NewLead's fleet in less
than a year.  Today, NewLead's fleet is completely transformed and
optimized.  We have expanded our fleet by 85.7%, from two vessels
to five vessels in less than one year.  Today, we have a total
fleet of eight vessels, including three tanker vessels under
management.  The average fleet age of our owned vessels is 8.53
years, reduced from 18.5 years at the beginning of this year."

Michael Zolotas, added, "We are accelerating the execution of our
strategy to rebuild our fleet while focusing on younger vessels to
ensure a longer revenue capacity through extended employment
lifetime.  We continue to capture on opportunities to grow our
fleet to establish a strong platform ready to benefit from market
and industry opportunities."

Fleet Update

The following table details NewLead's fleet as of Sept. 22, 2014:

Vessel Name          Size (dwts)       Vessel Type    Year Build
-----------          -----------   ------------------ ----------
Newlead Castellano 35,542 Eco-type Handysize    2013
Newlead Albion      32,318 Eco-type Handysize    2012
Newlead Venetico      32,500 Eco-type Handysize    2012
Newlead Victoria     75,966 Panamax          2002
Newlead Markela      71,733 Panamax          1990

Tanker Vessels
Captain Nikolas I  5,887  Chemical Tanker/Asphalt Carrier 2009
M/T Sofia       2,888  Chemical Tanker/Asphalt Carrier 2008
Gema             19,831 Oil Tanker                  2001

                      About NewLead Holdings Ltd.

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

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

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


NORTEL NETWORKS: International Cash Clash to End in Two Decisions
-----------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
the distribution of $7.3 billion raised in the international
bankruptcy liquidation of Nortel Networks Corp. moved a step
closer to fruition as lawyers wrapped up their last arguments in a
long and expensive trial.  According to the report, Justice Frank
Newbould in Canada and Judge Kevin Gross in the U.S. will issue
separate rulings on how to distribute the cash left behind by the
former telecommunications giant, which collapsed in 2009.

                       About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
business in more than 150 countries around the world.  Nortel
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced a proceeding with the Ontario Superior Court of Justice
under the Companies' Creditors Arrangement Act (Canada) seeking
relief from their creditors.  Ernst & Young was appointed to serve
as monitor and foreign representative of the Canadian Nortel
Group.  That same day, the Monitor sought recognition of the CCAA
Proceedings in U.S. Bankruptcy Court (Bankr. D. Del. Case No.
09-10164) under Chapter 15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York, serve as the U.S. Debtors' general bankruptcy counsel; Derek
C. Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in
Wilmington, serves as Delaware counsel.  The Chapter 11 Debtors'
other professionals are Lazard Freres & Co. LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims and notice
agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.  Fred S. Hodara, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, in New York, and
Christopher M. Samis, Esq., and Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., in Wilmington, Delaware,
represent the Unsecured Creditors Committee.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of Long-
Term Disability Participants tapped Alvarez & Marsal Healthcare
Industry Group as financial advisor.  The Retiree Committee is
represented by McCarter & English LLP as Delaware counsel, and
Togut Segal & Segal serves as the Retiree Committee.  The
Committee retained Alvarez & Marsal Healthcare Industry Group as
financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

Judge Gross and the court in Canada scheduled trials in 2014 on
how to divide proceeds among creditors in the U.S., Canada, and
Europe.


NORTHERN BEEF PACKERS: Scott Olson Digging Allowed $205,000 Claim
-----------------------------------------------------------------
Bankruptcy Judge Charles L. Nail, Jr., in South Dakota said Scott
Olson Digging, Inc. holds a secured claim for $205,104 against the
bankruptcy estate of Northern Beef Packers Limited Partnership,
plus applicable interest to the petition date.

Judge Nail also held that SOD may file a separate application for
pre-petition attorney fees under S.D.C.L. Sec. 44-9-42 and post-
petition costs, including attorney fees and interest, under 11
U.S.C. Sec. 506(b).

The Court directs SOD and Debtor to confer to calculate pre-
petition statutory interest on SOD's allowed principal claim.

SOD provided various earth-moving related services to Debtor as
construction of the Debtor's beef processing plant began.

A copy of the Court's September 22, 2014 Decision is available at
http://is.gd/I1NRIcfrom Leagle.com.

                 About Northern Beef Packers

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for
Chapter 11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19,
2013.  Karl Wagner signed the petition as chief financial officer.
Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least
$10 million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C., serves at the Debtor's counsel.  Steven H. Silton, Esq.,
at Cozen O'Connor serves as co-counsel.  Lincoln Partners Advisors
LLC serves as financial advisors.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.  Robbins, Salomon &
Patt, Ltd. serves as it lead counsel.  Patrick T. Dougherty serves
as its local counsel.


NORTHERN BEEF: Sues 3 Companies to Recoup Payments
--------------------------------------------------
Scott Waltman, writing for Aberdeen News, reported that Northern
Beef Packers has filed adversary complaints against these three
businesses, seeking the return of money transferred in the 90 days
before Northern Beef declared bankruptcy:

     1. Avera Health Plans Inc., which received six payments,
totaling $349,578;

     2. NorthWestern Energy, which received five payments,
totaling $277,403.

     3. Qvest LLC, which received seven payments totaling
$145,000.

Qvest provided sanitation services to the beef plant.

                 About Northern Beef Packers

Northern Beef Packers Limited Partnership, which operates a beef
processing facility that opened in October 2012, filed for
Chapter 11 relief (Bankr. D.S.D. Case No. 13-10118) on July 19,
2013.  Karl Wagner signed the petition as chief financial officer.
Judge Charles L. Nail, Jr., presides over the case.  The Debtor
estimated assets of at least $50 million and debts of at least
$10 million.  James M. Cremer, Esq., at Bantz, Gosch, & Cremer,
L.L.C., serves at the Debtor's counsel.  Steven H. Silton, Esq.,
at Cozen O'Connor serves as co-counsel.  Lincoln Partners Advisors
LLC serves as financial advisors.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors in the case.  Robbins, Salomon &
Patt, Ltd. serves as it lead counsel.  Patrick T. Dougherty serves
as its local counsel.

White Oak emerged as the winning bidder at an in-court auction
held in December last year.  The company offered to acquire
Northern Beef Packers for $44.3 million, which consisted of $4.8
million in cash and $39.5 million in debt forgiveness.

White Oak beat out a rival bidder American Foods Group LLC, which
submitted a qualified offer of $12.7 million in cash.  American
Foods' offer served as the backup bid.

Bankruptcy Judge Charles Nail, Jr. approved the sale of the assets
to White Oak on Dec. 6, 2013.  Since then, Northern Beef has been
renamed New Angus, and the new ownership group is moving toward
reopening the plant.


PLY GEM HOLDINGS: Unit Closes $150 Million Notes Offering
---------------------------------------------------------
Ply Gem Industries, Inc., a wholly-owned subsidiary of Ply Gem
Holdings, Inc., completed its previously announced offering of
$150 million aggregate principal amount of 6.50% Senior Notes due
2022, according to a regulatory filing with the U.S. Securities
and Exchange Commission.

The New Notes were issued pursuant to an indenture, dated as of
Jan. 30, 2014, by and among Ply Gem Industries, the Company and
each of the direct and indirect wholly-owned domestic subsidiaries
of Ply Gem Industries and Wells Fargo Bank, National Association,
as trustee.  Ply Gem Industries previously issued $500 million
aggregate principal amount of 6.50% Senior Notes due 2022 on
Jan. 30, 2014, pursuant to the Indenture.  In connection with the
issuance of the New Notes, Ply Gem Industries and the Guarantors
also entered into a registration rights agreement, dated as of
Sept. 19, 2014, among Ply Gem Industries, the Guarantors and
Credit Suisse Securities (USA) LLC, as representative of the
initial purchasers named therein.

The Notes will mature on Feb. 1, 2022.  Interest on the Notes will
accrue at 6.50% per annum and will be payable on February 1 and
August 1 of each year, commencing, in the case of the New Notes,
on Feb. 1, 2015.

The Notes are unconditionally guaranteed on a senior unsecured
basis by the Guarantors.

The proceeds from the issuance of the New Notes and approximately
$3.1 million of cash on hand were used by Ply Gem Industries to
fund Ply Gem Industries' purchase of all the issued and
outstanding shares of common stock of Fortune Brand Windows, Inc.,
a Delaware corporation, to pay fees and expenses related to the
offering of the New Notes and the acquisition of Simonton and for
general corporate purposes, including the repayment of
approximately $10 million of indebtedness under the Company's
senior secured asset-backed revolving credit facility.

On Sept. 19, 2014, Ply Gem Industries completed its previously
announced acquisition of all issued and outstanding shares of
common stock of Simonton and its direct and indirect wholly owned
subsidiaries Simonton Building Products LLC (formerly known as
Simonton Building Products, Inc.), a Delaware limited liability
company, Simonton Industries, Inc., a California corporation,
Simonton Windows, Inc., a West Virginia corporation, and Simex,
Inc., a West Virginia corporation.  Ply Gem Industries acquired
the Simonton Companies from Fortune Brands Home & Security, Inc.,
a Delaware corporation, and Fortune Brands Windows & Doors, Inc.,
a Delaware corporation, under the terms of the Stock Purchase
Agreement, dated Aug. 19, 2014.  The purchase price paid by Ply
Gem Industries for the Simonton Companies was an amount of cash
equal to $130 million, which was funded with the proceeds of the
issuance of the New Notes.

                            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.


RADIOSHACK CORP: Restructuring Talks with Major Vendor Ongoing
--------------------------------------------------------------
RadioShack Corporation and certain of its largest creditors have
had discussions with a major vendor concerning potential
modifications to the commercial relationship that could be
beneficial to a financial restructuring of the Company.  According
to a regulatory filing with the U.S. Securities and Exchange
Commission, these discussions did not result in a change to the
commercial relationship at this time but are continuing.

The Company said it continues to explore how to optimize its
various commercial relationships in light of alternative
restructuring scenarios, and may involve lenders, bondholders,
shareholders, lease counterparties and other stakeholders in these
discussions at any time.  There can be no assurances that any such
discussions will result in modifications to the Company's
commercial arrangements.

                    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.


REVEL AC: Lawyers Adjourn Bankruptcy Auction For Rosh Hashanah
--------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
lawyers for Atlantic City, N.J.'s Revel Casino Hotel adjourned to
Sept. 30 the auction for the property without naming a winner,
after bidders were dismissed in advance of a Jewish holiday.
According to the report, Glenn Straub, who has offered $90 million
in cash for the property, expressed frustration over the lack of
progress and said Revel is dragging its feet.

                           About Revel AC

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

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

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

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

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

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

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


RESPONSE BIOMEDICAL: Anthony Holler Named Interim CEO
-----------------------------------------------------
Jeffrey Purvin had resigned from the Board of Directors and as the
president and chief executive officer of Response Biomedical Corp.
effective Sept. 16, 2014, according to a regulatory filing with
the U.S. Securities and Exchange Commission.  He will be succeeded
as CEO by interim CEO Dr. Anthony "Tony" Holler, M.D., a long time
Response Board member.  In addition, Dr. Barbara Kinnaird, PhD.,
has been promoted from vice president to chief operating officer.

"We thank Jeff Purvin for his efforts at Response over the past
two years.  Response has achieved significant progress in our
China distribution transition, including the successful launch of
our Company's representative office in China," noted Lewis
Shuster, Chairman of Response.

Mr. Shuster continued, "We welcome Dr. Tony Holler to his new role
as interim CEO.  He knows the Company intimately from his long
history as a Director.  We look forward to his continued support
of the Company;s progress."

"We congratulate Dr. Barbara Kinnaird on her well-deserved
promotion to Chief Operating Officer.  Response's gross margins
have improved substantially under her leadership as our head of
Manufacturing and Research and Development.  Gross margin improved
from negative 5% in 2010 to positive 45% in our last quarter as
her team has implemented numerous steps to improve quality,
strengthen internal operations, and boost productivity," added Dr.
Holler.

Dr. Anthony Holler joined Response Biomedical Corp.'s board of
directors as a director in March 2006.  He was one of the original
founders of ID Biomedical Corporation, and has served as its
director since 1991 and served as CEO from 1999 until 2006 when
the Company was acquired by GlaxoSmithKline.  Dr. Holler has been
the Non-Executive Chairman of CRH Medical Corporation (Formerly
Medsurge Medical Products Corp.) since December 2005.  Dr. Holler
served as an Emergency physician at University Hospital at the
University of British Columbia from 1981 until 1993.  He received
a Bachelor of Science in 1975 and a Medical Degree in 1979 from
the University of British Columbia.

Dr. Barbara Kinnaird has over 20 years of research and business
experience primarily in the fields of infectious diseases and
point of care (POC).  Since joining Response Biomedical Corp. in
August 2004, Dr. Kinnaird has held several key management
positions including responsibilities for Product Development,
Quality, Regulatory, Manufacturing and Sales.  During Dr.
Kinnaird's tenure in these positions, she has improved the product
design control, operational efficiencies, cost reduction, gross
margins and sales.  Additionally under her direction she managed
to place the Company in a compliance position that supports sales
in several global jurisdictions such as China, Japan, United
States and Canada.  Previously, Dr. Kinnaird consulted for the
Proteomics division of Incyte Genomics Inc.  Dr. Kinnaird holds a
Ph.D. in Microbiology and Immunology from the University of
British Columbia at the B.C. Children's Hospital in the Department
of Pediatrics.  She conducted her post-doctoral research at the
Michael Smith Laboratories in genomics and gene expression
profiling, in collaboration with the B.C. Genome Sciences Centre.

In his role as interim CEO, Dr. Holler will be compensated $7,500
per month, which shall be paid in 50% cash and 50% stock
equivalent Restricted Share Units (RSUs) provided that Dr. Holler
may elect to be paid only in RSUs or another stock based
compensation plan of the Company.

As chief operating officer of the Company, Dr. Kinnaird will be
paid an annual base salary of $265,000 and is eligible to
participate in our RSU Plan and to be granted options pursuant to
the terms of our Amended 2008 Stock Option Plan.  She is also
eligible to participate in our short-term incentive plan with a
target incentive bonus based on corporate and personal objectives
and she is also eligible to participate in our employee medical,
dental and life insurance plans.

Meanwhile, the base salary of William J. Adams, the Company's
chief financial officer, was also increased to $265,000 per year.
There are no other changes to Mr. Adams' compensation.

                    About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
$5.99 million in 2013, a net loss and comprehensive loss of $5.28
million in 2012 and a net loss and comprehensive loss of $5.37
million in 2011.  The Company's balance sheet at June 30, 2014,
showed C$13.73 million in total assets, C$16.07 million in total
liabilities and a C$2.33 million total shareholders' deficit.

PricewaterhouseCoopers LLP, in Vancouver, British Columbia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2013, which
raises substantial doubt about its ability to continue as a going
concern.


ROCHDALE SECURITIES: Former Broker-Dealer Seeks Chapter 11
----------------------------------------------------------
Rochdale Securities, LLC, a former broker-dealer based in
Stamford, Connecticut, sought Chapter 11 protection (Bankr. D.
Conn. Case No. 14-51485) in Bridgeport, Connecticut on Sept. 23,
2014.

The Debtor estimated $10 million to $50 million in assets and
$1 million to $10 million in debt.

The Debtor has tapped the law firm of Zeisler & Zeisler, P.C., as
counsel.  The case is assigned to Judge Alan H.W. Shiff.

Daniel J. Crowley, the co-manager, explained in a court filing
that as of October 2012, Rochdale had been engaged in the
securities industry as a licensed broker-dealer for more than
thirty-five years.  At that time, Rochdale employed 60 securities
brokers and analysts.

On Oct. 25, 2012 (just days before Hurricane Sandy hit the
Northeast), Rochdale was victimized by a billion dollar fraudulent
securities trade perpetrated by a rogue trader, David Miller, and
certain co-conspirators.  Mr. Miller conspired with at least one
other trader at a different firm to execute an unauthorized
billion dollar purchase of Apple stock, betting that Apple's
forthcoming earnings report would boost the stock price so Miller
and his co-conspirators could profit from the unauthorized trade.
The scheme was orchestrated in such a manner that would, if
successful, enable the "buyer" to affirm the trade if Apple shares
increased in price after its earning were released and disaffirm
the trade if earnings disappointed and Apple's price decreased.
It did not go as Miller planned.  The fraudulent Apple trade was
uncovered after securities markets closed on Oct. 25, 2012.
Miller has since pled guilty in the United States District Court
for the District of Connecticut to charges of wire fraud,
securities fraud and conspiracy.

Rochdale would have survived and maintained significant value for
its creditors, members and other parties in interest if it were
not for the wrongful conduct by its clearing agent, Pershing LLC,
and certain others in response to or concerning the fraudulent
Apple trades on October 25, 2012.

Pershing responded to the fraudulent Apple trade by clearing the
shares into Rochdale's account, charging Rochdale interest on the
nearly $1 billion used to purchase the stock and, in total
disregard for Rochdale's rights, including rights expressly
provided for in its fully disclosed clearing agreement with
Pershing, forcing Rochdale to liquidate the position by dumping it
on the market too fast and too soon at a loss to Rochdale of
$5,292,203.

Having forced Rochdale to create a net-debit in its accounts at
Pershing, Pershing then unlawfully seized Rochdale's remaining
proprietary account assets and recklessly sold everything of value
at fire-sale prices?all while Wall Street was shut down and New
York, Connecticut and New Jersey were in the grip of Hurricane
Sandy.  Pershing eliminated all but approximately $500,000 of its
own exposure from the event by unlawfully liquidating Rochdale's
property, while simultaneously destroying Rochdale's business?
worth between $20 million and $30 million.  Rochdale could and
would have made Pershing and all of its other creditors whole and
saved its own business, if Pershing had only acted within the
confines of its clearing agreement, New York Law and bedrock
requirements of commercial reasonableness.

Pershing's actions left Rochdale with insufficient capital to
satisfy the Securities Exchange Commission's ("SEC") minimum
capital requirements that apply to licensed broker-dealers.
As a result, on Oct. 26, 2012, the Financial Industry Regulatory
Authority ("FINRA") issued a cease and desist letter demanding
that Rochdale immediately cease executing securities trades on
behalf of customers.

Since then, Rochdale has been unable to provide securities
brokerage and related services.  Instead, Rochdale's business has
consisted in pursuing its claims through litigation or otherwise
to recover amounts owed to Rochdale, as well as to defend against
and/or resolve those disputed claims made against it.  The most
recent collection efforts of certain creditors forced Rochdale to
seek bankruptcy relief so it may continue to pursue -- unimpeded
by other creditors -- those causes of action that it holds for the
benefit of its creditors, members and other parties-in-interest.


ROCHDALE SECURITIES: Proposes Zeisler & Zeisler as Counsel
----------------------------------------------------------
Rochdale Securities, LLC, seeks approval from the bankruptcy court
to employ Zeisler & Zeisler, P.C., as its attorneys.

Pursuant to Sec. 327(a) and 328(a) of the Bankruptcy Code, the
Debtor desires to employ Z&Z (i) as its bankruptcy attorneys under
a general retainer, and (ii) as its litigation attorneys under a
contingency fee arrangement on the same terms and conditions as
existed prior to the Petition Date.

Subject to the Court's approval, Z&Z will charge the Debtor for
its general bankruptcy services on an hourly basis in accordance
with its ordinary and customary hourly rates in effect on the date
services are rendered.  Z&Z will maintain detailed records of any
actual and necessary or appropriate costs and expenses incurred in
connection with the aforementioned legal services.

The hourly rates for partners at Z&Z range from $375 to $475,
hourly rates for associates range from $265 to $325 and paralegals
are billed at $175 per hour.

Prior to the filing, Z&Z received a retainer in the amount of
$75,000 from the Debtor, less amounts to be applied to the balance
owed to Z&Z on the Petition Date.

To the best of the Debtor?s knowledge, information and belief, Z&Z
has no connection with the Debtor, its creditors or any other
party in interest, other than its representation of the Debtor
prior to the filing and its former representation of the Debtor?s
four voting members in connection with their limited guarantees
provided to the Debtor's former landlord.


ROCHDALE SECURITIES: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Rochdale Securities, LLC
           dba Rochdale Capital Advisors
           dba Rochdale Capital Management
        666 Summer Street
        Stamford, CT 06901

Case No.: 14-51485

Type of Business: Licensed broker-dealer

Chapter 11 Petition Date: September 23, 2014

Court: United States Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Hon. Alan H.W. Shiff

Debtor's Counsel: Jed Horwitt, Esq.
                  ZEILER AND ZEILER, PC
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  Fax: 203-367-9678
                  Email: jhorwitt@zeislaw.com

                     - and -

                  Stephen M. Kindseth, Esq.
                  ZEILER & ZEISLER, PC
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  Fax: 203-367-9678
                  Email: skindseth@zeislaw.com

                     - and -

                  Aaron Romney, Esq.
                  ZEISLER  & ZEISLER PC
                  10 Middle Street, 15th Floor
                  Bridgeport, CT 06604
                  Tel: 203-368-4234
                  Fax: 203-367-9678
                  Email: aromney@zeislaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Daniel J. Crowley, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
East Main St Equity Partners       Breach of Lease     $1,045,251
c/o Aegean Capital, LLC
Attn Officer Mng or Gen. Agent
150 East 58th St, Suite 2000
New York, NY 10155

National Union Fire Ins. Co.                             $800,000
of Pittsburgh, PA
Heather L. Leibowitz Esq
(AIG)
701 East Gate Drive
Mt. Laurel, NJ 08043

Karen Altschul as Trustee Under    Sub-debt              $614,502
Irrevocable Trust Agreement
of Lawrence D. Altschul
7210 Ayrshire Lane
Boca Raton, FL 33496

Eric Altschul as Trustee Under     Co-plaintiff          $614,502
Irrevocable Trust Agreement        with Karen Altschul
of Lawrence D. Altschul
7210 Ayrshire Lane
Boca Raton, FL 33496

Kristen Talgo                      Payment of            $625,141
40 Mendota Avenue                  sub-debt
Rye, NY 10580

Pershing LLC                                             $524,169
Attn Officer Mng or Gen. Agent
One Pershing Plaza
Jersey City, NJ 07399

Rochdale Corporation               Payment of            $521,482
c/o Carl Acebes                    sub-debt
P.O. Box 989
Little Compton, RI 02837

Hal Tunick                         Payment of            $521,482
10 Rose Lane                       sub-debt
Chappaqua, NY 10514

Pat Burke                                                $150,000

Harbor Capital Appreciation Fund                         $121,463

Abraham Mirman                     Security               $46,434
                                   Deposit

Morgan Stanley                                            $42,946

Owens Illinois, Inc.                                      $40,977

John Ratkoski                                             $40,703

Verizon - 732-758-6917                                    $28,493

Abbott Laboratories                                       $25,196

Daniel Crowley                                            $25,061

Daniel Crowley                     Wages Owed             $24,475

SunGuard Institutional                                    $23,261
Brokerage Inc.

IPC Systems-Maintenance                                   $18,122


SANTA CLARA, UT: Moody's Affirms Ba1 Electric Bonds Rating
----------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 rating of the City
of Santa Clara, Utah's electric revenue bonds, and removed the
negative outlook. The rating affirmation and removal of the
negative outlook affects the electric enterprise's Electric
Revenue Bonds, Series 2006, currently outstanding in the
approximate amount of $3.8 million. The bonds are secured by the
net revenues of the enterprise.

Rating Rationale

The Ba1 rating primarily reflects the enterprise's small service
area and customer base, a return to greater than sum sufficient
debt service coverage, continued reliance on impact fees and other
one-time financial items, and a relatively sizeable amount of
unrestricted revenues.

The removal of the negative outlook reflects Moody's expectation
that the enterprise will benefit from an improving overall
economy, but may struggle to make appropriate rate adjustments.

Strengths

-- Stable and diverse power supply provided through Utah
    Association of Municipal Power Systems (UAMPS)

-- Relatively sizeable amount of unrestricted reserves

Challenges

-- Uncertainty of future rate increases

-- Continued dependence on impact fees and other one-time items
    to meet debt service

What Could Move The Rating -- Up

-- Sustained coverage levels above rate covenant of 1.25 times

-- Reduced dependence on impact fees and other one-time items

What Could Move The Rating -- Down

-- Deterioration of financial operations

-- Weakening of debt service coverage and liquidity levels


SOLAR POWER: Inks Asset Purchase Agreement With Hawaiian Power
--------------------------------------------------------------
Solar Power, Inc., entered into an Asset Purchase Agreement with
Hawaiian Power LLC whereby the Company acquired certain of HPL's
assets consisting of membership interests, partnership interests
and a promissory note related to Calwaii Power Holdings, LLC and
Solar Hub Utilities, LLC, according to a regulatory filing with
the U.S. Securities and Exchange Commission.  As a result of the
transaction, the Company will own 100% of the interest in Calwaii
Power Holdings, an indirect 89% interest in SHU and a $7.5 million
promissory note due to HPL by SHU and will currently control solar
PV projects of approximately 15 megawatts under development in
Hawaii.

The aggregate purchase price for the assets is $3,950,000
consisting of 3,000,000 SPI Solar shares of common stock valued at
$1.15 per share, subject to adjustment as discussed below, and
$500,000 in cash consisting of five monthly payments of $100,000
due at the beginning of each month starting on Oct. 1, 2014.

Pursuant to the Asset Purchase Agreement, as part of the Purchase
Price, the Company issued 3,000,000 shares common stock for an
aggregate value of $3,450,000 based on a per share price of $1.15.
The number of shares of common stock to be issued as part of the
Purchase Price is subject to adjustment in the event that the
dollar volume-weighted average price for Company's common stock on
the principal market on which it trades is less than $1.00 (as
equitably adjusted for subsequent stock splits, stock
combinations, stock dividends and recapitalizations as necessary)
for the five trading days ending on March 30, 2015.  If such VWAP
is less than $1.00 per share, then the Company will issue to HPL
additional shares of the Company's common stock such that the
total number of shares issued by the Company pursuant to the Asset
Purchase Agreement multiplied by the five trading day VWAP will
have a value of at least $3,000,000 on March 30, 2015.

                            CFO Quits

Effective Sept. 18, 2014, Roger Yu resigned as chief financial
officer (principal financial officer) of Solar Power.

Effective Sept. 18, 2014, the Company appointed Amy Jing Liu, age
42, as chief financial officer (principal financial officer) and
senior vice president.  Ms. Liu will serve at-will and her
compensation will be approximately $150,000 per year subject to
currency exchange rate adjustments, ten year options to purchase
2,000,000 shares of common stock at $1.18 per share, 50,000
restricted shares to be issued on October 28, 2014, and an
aggregate of 150,000 restricted shares to be issued in three equal
installment upon the Company achieving three separate business
milestones.  All restricted shares will be vested upon the listing
of the Company's shares on the Nasdaq or another stock exchange.

Since May 2009, Ms. Liu has served as an independent financial
advisor advising primarily mid to late-stage high growth companies
on business strategies; capital raising strategies; merger and
acquisition opportunities, public offerings and investor
communications for the US or Hong Kong stock markets.

From October 2007 to April 2009, Ms. Liu was the chief financial
officer of Hanwha Solarone Co., Ltd. (formerly Solarfun Power
Holdings) a global supplier of photovoltaic cells and photovoltaic
modules and whose securities are registered with the SEC and
listed on the Nasdaq Global Market.

Ms. Liu graduated from China Nuclear Industrial University with a
major in Statistics and received her MBA from Columbia Southern
University.  Ms. Liu is a PRC Certified Accountant.

                          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.


SPENDSMART NETWORKS: Buys Web Related Assets of TechXpress
----------------------------------------------------------
SpendSmart Networks, Inc., a Delaware corporation, through its
wholly-owned subsidiary SpendSmart Networks, Inc., a California
corporation, purchased substantially all of the web related assets
of TechXpress, Inc., a California corporation, pursuant to the
terms of an Asset Purchase Agreement.  In consideration of the
purchased assets, the Company agreed to pay a purchase price
consisting of $458,000 in cash and shares of the Company's common
stock, $0.001 par value per share, equal to $741,814 or an
aggregate of 596,315 shares of the Company's common stock.

The Company agreed to issue the Stock Consideration to certain
note holders of TechXpress, pursuant to the terms of a Lockup and
Leak Out Agreement, which provided in part that such note holders
would be restricted from selling the Stock Consideration for a
period of twelve months from the closing date and upon the
expiration of the Lockup Period such note holders will not sell
more than one twelfth (1/12) of the number of shares of the Stock
Consideration in any one of the twelve (12), one (1) month periods
following such Lockup Period.  In further consideration of the
Stock Consideration, the Company, TechXpress and the Noteholders
executed a Payment and Release Agreement whereby the Noteholders
granted a general release to the Company, TechXpress and Snyder.

In conjunction with the purchase of substantially all of the web-
related assets of TechXpress, the Company entered into a
consulting agreement with Bryan Sarlitt, the sole stockholder of
TechXpress, whereby Mr. Sarlitt will provide consulting services
to the Company.  The Consulting Agreement provides for a term of
twelve months and entitles Mr. Sarlitt to a consulting fee equal
to $425,000 in the aggregate, payable in equal quarterly
installments commencing on the first full fiscal quarter following
the closing of the Asset Purchase Agreement and for the three
successive quarters thereafter; provided, however, that the
Company will only be required to pay the consulting fee if the
assets acquired pursuant to the Asset Purchase Agreement generate
revenues equal to seventy percent of the year-over-year quarterly
revenues derived from those assets.

In conjunction with the purchase of substantially all of the web-
related assets of TechXpress, the Company obtained a Secured
Promissory Note from Snyder Computer Services, Inc., a California
corporation and a personal guaranty from Tim Snyder, individually,
the proceeds of which were used by Snyder to acquire certain IT
assets from TechXpress.

A copy of the Form 8-K Report is available for free at:

                        http://is.gd/x1JYIG

A copy of the Asset Purchase Agreement is available for free at:

                       http://is.gd/GcPHIZ

                           About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

The Company's balance sheet at June 30, 2014, showed $838.64
million in total assets, $620.39 million in total liabilities and
$218.25 million in total stockholders' equity.

                            *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to Caa1
from B2 and the Probability of Default Rating to Caa1-PD from B2-
PD based on Moody's expectation that KEMET's liquidity will be
pressured by maturing liabilities and negative free cash flow due
to the interest burden and continued operating losses at the Film
and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on Simpsonville,
S.C.-based KEMET Corp. to 'B-' from 'B+'.

"The downgrade is based on continued top-line and margin pressures
and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.

The TCR reported in August 2014 that Standard & Poor's Ratings
Services revised its outlook on Greenville, S.C.-based capacitor
supplier KEMET Corp. to stable from negative.  S&P affirmed the
ratings, including the 'B-' corporate credit rating.


TAYLOR BEAN: Freddie Mac Sues Deloitte For $1.3B Over Fraud
-----------------------------------------------------------
Law360 reported that the Federal Home Loan Mortgage Corp. (Freddie
Mac) filed a $1.3 billion suit against Deloitte & Touche LLP in
Florida state court, claiming the accounting giant turned a blind
eye to fraud at Taylor Bean & Whitaker Mortgage Corp. and produced
flawed audit reports.  According to the report, in a complaint
filed in Florida's Eleventh Judicial Circuit Court, Freddie Mac
says it lost $1.3 billion when Taylor Bean went bankrupt in 2009.
Had Deloitte, which audited Taylor Bean from 2002 to 2009, paid
attention to red flags indicating fraud, Freddie Mac would not
have purchased billions of dollars of mortgage loans from Taylor
Bean, according to the suit, the report related.

The case is Federal Home Loan Mortgage Corp. v. Deloitte & Touche
LLP, case number 2014-23722, in the Eleventh Judicial Circuit
Court of Florida.

                        About Taylor Bean

Taylor, Bean & Whitaker Mortgage Corp. grew from a small Ocala-
based mortgage broker to become one of the largest mortgage
bankers in the United States.  In 2009, Taylor Bean was the
country's third largest direct-endorsement lender of FHA-insured
loans of the largest wholesale mortgage lenders and issuer of
mortgage backed securities.  It also managed a combined mortgage
servicing portfolio of approximately $80 billion.  The company
employed more than 2,000 people in offices located throughout the
United States.

Taylor Bean sought Chapter 11 protection (Bankr. M.D. Fla. Case
No. 09-07047) on Aug. 24, 2009.  Taylor Bean filed the Chapter 11
petition three weeks after federal investigators searched its
offices.  The day following the search, the Federal Housing
Administration, Ginnie Mae and Freddie Mac prohibited the company
from issuing new mortgages and terminated servicing rights.
Taylor Bean estimated more than $1 billion in both assets and
liabilities in its bankruptcy petition.

Lee Farkas, the former chairman, was sentenced in June to 30 years
in federal prison after being convicted on 14 counts of conspiracy
and bank, wire and securities fraud in what prosecutors said was a
$3 billion scheme involving fake mortgage assets.

Jeffrey W. Kelly, Esq., and J. David Dantzler, Jr., Esq., at
Troutman Sanders LLP, in Atlanta, Ga., and Russel M. Blain, Esq.,
and Edward J. Peterson, III, Esq., at Stichter, Riedel, Blain &
Prosser, PA, in Tampa, Fla., represent the Debtors.  Paul Steven
Singerman, Esq., and Arthur J. Spector, Esq., at Berger Singerman
PA, in Miami, Fla., represent the Committee.  BMC Group, Inc.,
serves as the claims and noticing agent.

Unsecured creditors were expected to receive 3.3% to 4.4% under a
Chapter 11 plan approved in July 2011.


TOOTIE PIE: Chapter 11 Bankruptcy Comes to a Close
--------------------------------------------------
Neal Morton, writing for the San Antonio Express-News, reported
that a U.S. bankruptcy judge on Monday approved the official
closure of Tootie Pie Company's Chapter 11 reorganization plan,
allowing its new CEO to proceed with a change in direction for the
company.

According to the report, Ronald Smeberg, a San Antonio attorney
who handled Tootie Pie's reorganization, said he was thankful the
case finally had come to a close.  "It was a very challenging
small business bankruptcy that had the look and feel of a much
larger case," Mr. Smeberg said.  "I am very thankful to God that
the case worked its way out and that Tootie Pie is on its way to a
very bright future."

According to the report, Brian Gile, a Dallas-based investor who
took over as the company's chief executive in July, said, "We're
letting everyone know that we're still around and made it through
alive."

"I hope everyone knows that we're back," he added.  "We haven't
been able to say a lot about ourselves, but we turned a major
corner this morning."

The report recounted that Tootie Pie in recent months shuttered
its retail locations in Alamo Heights, Allen, Austin and Frisco.
It continues to operate a cafe at 16615 Huebner Road, where Gile
said it tests new recipes, including a peanut butter chocolate pie
that it launched last week.  Tootie Pie also may debut a pie-of-
the-month club soon, depending on whether it can secure a low
enough price from shipping companies.

Tootie Pie Company, which manufactures, markets and sells
handmade, fully-baked high quality pies, filed for Chapter 11
protection (Bankr. W.D. Tex. Case No. 13-51808) on July 3, 2013,
listing under $1 million in both assets and liabilities.  The
Company is represented by Ronald J. Smeberg of The Smeberg Law
Firm.


TOYS R US: Announces $1 Billion Debt Refinancing
------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that Toys "R" Us plans to restructure more than $1 billion of its
debt by retiring bonds and extending the maturity dates on its
loans, the company announced in financial documents.  According to
the report, the move gives the giant toy retailer important
breathing room -- at least an additional five years -- as it works
to shore up a lagging operating performance.

                           *     *     *

The Troubled Company Reporter, on July 1, 2014, reported that
Fitch Ratings has downgraded the issue ratings on Toys 'R' Us,
Inc.'s (Toys, HoldCo) $450 million 10.375% senior unsecured notes
due August 2017 and $400 million 7.375% senior unsecured notes due
October 2018 to 'CCC-/RR5' from 'CCC/RR4'. Fitch has also affirmed
the Issuer Default Ratings (IDRs) on Toys 'R' Us, Inc. and its
various domestic subsidiaries at 'CCC'.


TRULAND SYSTEMS: 92 Vehicles Up for Sale in Second Auction
----------------------------------------------------------
The liquidation of assets owned by bankrupt electrical contractor
Truland Systems is accelerating with the offering of 92 vehicles
-- more than twice the number offered in the first auction.

"Our first offering of Truland vehicles went smoothly.  For the
second round, we have more than twice as many to sell, because
more inventory has been prepared for auction and vehicles have
been returned by many of the company's employees and contractors.
We've really appreciated their cooperation in our efforts to
recover assets for former employees, contractors and other
creditors of the company," said Stephen Karbelk, of Auction
Markets, LLC, which is marketing the vehicles along with David
Fiegel of Blackbird Asset Services.

Online bidding opened Friday, Sept. 19, and will end Wednesday,
Oct. 8.

The current auction consists primarily of pickup trucks and vans,
said Mr. Karbelk.  "We have a large number of Ford F-Series and
Ranger pickups, Chevrolet Colorado and Silverado trucks, as well
as Ford and Chevrolet vans.  The inventory also includes a 2008
Ford F550 chassis/bucket truck, an Isuzu 12-foot stake body truck
and other vehicles," said Mr. Karbelk.

"A bankruptcy like Truland is so unfortunate to those affected,
and our group is focused on helping the estate recover as much as
possible for creditors," he said.

Prior to filing bankruptcy on July 23, the Reston-based Truland
Group of companies was one of the largest electrical contractors
in the United States.  At the time of their filing, they were
working on high-profile construction projects such as buildings
for Marriott, NASA and George Washington University.

Individuals seeking additional information on the auction sales
may visit auctionmarkets.com or email info@auctionmarkets.com


UNION CITY MIRROR: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Union City Mirror & Table Co., Inc.
        129 34th Street
        Union City, NJ 07087

Case No.: 14-29400

Chapter 11 Petition Date: September 23, 2014

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

Judge: Hon. Rosemary Gambardella

Debtor's Counsel: Kim R. Lynch, Esq.
                  FORMAN HOLT ELIADES & YOUNGMAN LLC
                  80 Route 4 East, Suite 290
                  Paramus, NJ 07652
                  Tel: (201) 845-1000
                  Fax: (201) 845-9112
                  Email: klynch@formanlaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas Russo, president.

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


US FOODS: Moody's Says Sysco Downgrade No Impact on B3 CFR
-----------------------------------------------------------
Moody's Investors Service stated that the ratings of US Foods,
Inc. ("US Foods") which, including the B3 Corporate Family rating,
are all on review for upgrade, would be unaffected by Sysco's
announcement that it was launching $5 billion in credit facilities
to finance the repayment of US Foods' funded debt as part of the
planned acquisition, which was followed by rating actions that
included a one-notch downgrade of the long-term rating to A2 and
confirmation of the Prime-1 short-term rating.

"We will likely take no further rating action on US Foods until
its proposed acquisition by Sysco actually closes," stated Moody's
Vice President Charlie O'Shea. "Sysco's proactive move to obtain
debt financing for the proposed transaction is a meaningful step
towards a proposed closing, but the FTC process remains ongoing,
which is a significant remaining step."

US Foods, Inc. is a leading North American food service marketing
and distribution company, with annual revenues of around $22
billion. The company operates as a national, broad-line
distributor, providing a complete range of products -- from fresh
farm produce, frozen food, and specialty meat products to paper
products, restaurant equipment, and machinery. It has agreed to be
acquired by Sysco Corp. in a transaction valued at around $8
billion.


WALTER ENERGY: To Pay 50% of Second Lien Notes Interest in Cash
---------------------------------------------------------------
Walter Energy, Inc., disclosed with the U.S. Securities and
Exchange Commission that it delivered a notice to Wilmington
Trust, National Association, in its capacity as trustee under the
Indenture governing the Second Lien Notes, that on the April 1,
2015, interest payment date of the Second Lien Notes, the Company
will pay 50% of that interest payment in Cash Interest and the
remainder in PIK Interest.

Walter Energy is permitted under the applicable indenture to
elect, for any interest payment period prior to Oct. 1, 2019, to
use the payment-in-kind feature of its 11.0%/12.0% Senior Secured
Second Lien PIK Toggle Notes due 2020 ("the Second Lien Notes).
The Company may pay interest on the Second Lien Notes (1) entirely
in cash, at a rate of 11.0%, or, if it uses the PIK feature, (2)
with a 50%/50% or 75%/25% combination of (i) Cash Interest and
(ii)(a) an increase in the principal amount of the Second Lien
Notes outstanding or (b) an issuance of additional notes, in the
case of each of clause (a) and (b), at a rate per annum equal to
12%.

With respect to the interest payment due on the Second Lien Notes
for the period commencing on Oct. 1, 2014, the Company has elected
to pay 50% in Cash Interest (approximately $9.6 million) and the
balance in PIK Interest (approximately $10.5 million).

The Company intends to evaluate this option prior to the beginning
of each eligible interest period, taking into account market
conditions and other relevant factors at that time.

                        About Walter Energy

Walter Energy is a leading, publicly traded "pure-play"
metallurgical coal producer for the global steel industry with
strategic access to high-growth steel markets in Asia, South
America and Europe.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,900 employees with operations in
the United States, Canada and United Kingdom.

The Company's balance sheet at June 30, 2014, showed $5.46 billion
in total assets, $4.90 billion in total liabilities and $557.33
million in total stockholders' equity.

                            *    *    *

As reported by the TCR on Aug. 19, 2014, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Birmingham,
Ala.-based Walter Energy Inc. to 'CCC+' from 'SD'.  S&P believes
the company's capital structure is likely unsustainable in the
long-term absent an improvement in met coal prices.

The TCR reported on July 10, 2014, that Moody's downgraded the
Corporate Family Rating of Walter Energy, Inc., to Caa2 from Caa1.
The downgrade in the corporate family rating reflects the
anticipated deterioration in performance, increased cash burn and
increase in leverage, given the recent met coal benchmark
settlement of $120 per tonne for high quality coking coal and our
expectation that meaningful recovery in metallurgical coal markets
is twelve to eighteen months away.


XPO LOGISTICS: S&P Affirms B Corp Credit Rating on Equity Infusion
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings, including
its 'B' corporate credit rating, on logistics company XPO
Logistics Inc.  The outlook is stable.

The rating affirmation reflects S&P's expectation that XPO's
credit metrics will not improve to the level that would support a
higher rating over the coming year, despite the recent infusion of
additional equity capital into the company.  The company has
stated that they will use additional funding for acquisitions, and
it has increased its very aggressive growth targets accordingly.
The company now expects to generate $9 billion in revenues and
$575 million in EBITDA in 2017, compared with the previous goal of
$7.5 billion and $425 million, respectively.  Pro forma for
recently completed acquisitions, the company's revenue base is now
close to $2.7 billion. XPO is supplementing its growth-by-
acquisition strategy with internal investments to further expand
its scale and scope.

With its recent acquisitions, XPO has already achieved better
scale, scope, and diversity than many of its peers in the
logistics sector.  It offers a broad suite of services, which
include truck brokerage, intermodal, freight forwarding, expedited
transportation, last mile, and contract logistics services.
However, the company also faces some formidable competitors.  In
addition, it faces integration risks and challenges resulting from
its aggressive acquisition strategy.  S&P characterizes XPO's
business risk profile as "weak."

While its aggressive growth strategy has bolstered the company's
business position in the highly fragmented logistics industry, it
has taken a toll on the company's financial profile.  Significant
investments over the past two years have left the company highly
leveraged.  Credit metrics are currently very weak and S&P
currently estimates debt to EBITDA to be between 5x and 6x (pro
forma for a full year of earnings from recent acquisitions).  S&P
expects credit metrics to improve modestly over time, but the
aggressive growth strategy (which S&P believes will continue to
encompass debt-financed acquisitions) will preclude a material
improvement in credit metrics.  Logistics companies typically do
not have a lot of equipment and facilities on their balance sheets
given the less asset-intensive nature of the business compared
with other transportation companies, but they often have
significant lease obligations and this is true of XPO.

Somewhat offsetting the risks of a highly leveraged balance sheet
is the company's fairly flexible cost structure, which should
enable the company to adjust costs up or down depending on demand
for its services.  S&P expects continued heavy investment in
infrastructure and staffing to accommodate the company's growth
objectives.  S&P characterizes XPO's financial risk profile as
"highly leveraged."  The combination of S&P's "weak" business risk
profile and "highly leveraged" financial risk profile can produce
a 'b' or 'b-' initial analytical outcome ("anchor") under S&P's
criteria.  S&P has selected the higher of two possible anchor
scores to reflect its expectation that XPO's financial metrics
will improve somewhat over time and that they will be at the
higher end of the range of the "highly leveraged" financial risk
profile.


* California Man Found Guilty in $5.8MM Mortgage Fraud Scheme
-------------------------------------------------------------
Levi Shultz, writing for Housing Wire, reported that Alan David
Tikal, 46, of Brentwood, California, was convicted on 11 counts of
mail fraud and one count of money laundering in a mortgage fraud
scheme through which he stole $5.8 million in fees and monthly
payments from struggling homeowners.  According to the report,
citing evidence presented at a one-day bench trial, Tikal operated
a business known as KATN and falsely claimed to be a registered
private banker between January 2010 and August 2013.


* Credit Suisse Loans Draw Fed Scrutiny
---------------------------------------
Gillian Tan and Ryan Tracy, writing for The Wall Street Journal,
reported that Credit Suisse Group AG is under fire from U.S.
regulators over concerns the bank isn't heeding warnings to stop
making loans regulators see as risky, according to a person
familiar with the matter.  The Journal related that the Swiss bank
has received a letter from the Federal Reserve demanding the bank
immediately address problems with its underwriting and sale of
leveraged loans, or high-interest-rate loans used by private-
equity firms and others to finance purchases of companies, among
other uses.


* Renovo Capital Holds Final Close on $132-Mil. Fund II
-------------------------------------------------------
Renovo Capital, LLC, a Dallas-based special situations private
equity firm, on Sept. 24 announced the final closing of Renovo
Capital Fund II LP with $132 million of capital commitments.  The
firm's previous fund, Renwood Opportunities Fund I LP, in
partnership with The Rosewood Corporation, was raised in 2010 with
$50 million in capital commitments. ?The performance of our first
fund and the success of Renovo's team in executing a consistent
strategy enabled us to complete the capital raise ahead of
schedule and in excess of our initial target, commented Don
Jungerman, Managing Partner with Renovo.

Fund II's investor base represents a diverse group of foundations,
corporate pensions, family offices and other institutional
investors.  "The completion of Fund II serves as a key milestone
in the strategic growth of our firm, and we are grateful to have
the opportunity to partner with these leading institutional
investors.  For a smaller fund, the Renovo team differentiates
itself with its tremendous depth in complex restructurings,
CRO-led operational turnarounds and long-term value creation
strategies that are essential to special situations investing in
the lower middle market," commented David Hull, Managing Partner
with Renovo.

Fund II's close caps a recent period of growth and achievement for
the firm with the addition of Michael Manos as a Managing Partner
and receipt of a number of awards for Renovo's 2013 acquisition
and subsequent turnaround of Renwood Mills, LLC, including the
TMA?s Turnaround of the Year 2014 and the M&A Advisor's
Transaction of the Year 2014. In addition, Matthew Farrell, a Vice
President with Renovo, was awarded TMA?s 2014 Transaction of the
Year for his work on Tully's Coffee.

Since formation in 2009, Renovo has grown from three founding
members to seven investment professionals, executing twelve
transactions across a broad range of industries.

Hunton & Williams LLP served as legal counsel in respect of Fund
II.

                          About Renovo

Renovo Capital, LLC -- http://www.renovocapital.com-- makes
control equity investments in lower middle market businesses
facing degrees of operational underperformance and financial
distress.  Renovo seeks fundamentally sound, defensible businesses
in need of capital and operational expertise, across a broad range
of industries from traditional and specialty manufacturing to
service industries and technology.  Renovo typically invests in
businesses with annual revenues between $20 million and $200
million and generally invests between $5 million and $25 million
of equity capital.


* New York Announces New Debt Collection Rules
----------------------------------------------
Josh Saul, writing for The New York Post, reported that the state
court system announced new rules to stop debt collection agencies
from using underhanded tactics to win judgments against poor or
elderly credit card holders.  According to the report, the state's
court administrators said in announcing the reform that shady debt
collection agencies frequently score court judgments for the wrong
amount of money or even from the wrong person by using incomplete
proof or by pressing cases where the statute of limitations has
expired.


* Student-Loan Borrowers Have Chance to Refinance at Lower Rates
----------------------------------------------------------------
Annamaria Andriotis, writing for The Wall Street Journal, reported
that Citizens Financial Group said it is accepting applications
from both parent and student holders of federal loans to refinance
into private loans at the Providence, R.I.-based bank, giving new
options to borrowers who want to lower the interest rate on their
federal student loans.  According to the report, some borrowers
who have good credit scores could get a lower interest rate than
what they're currently paying.


* Washington Warily Eyes Cities' Loan-Seizure Proposals
-------------------------------------------------------
Nick Timiraos, writing for The Wall Street Journal, reported that
an unorthodox campaign by a handful of cities hardest hit by the
housing crash to use the power of eminent domain to write down
large mortgage debts has stirred a backlash in Washington as
Republicans have passed a budget bill that included language to
bar federal agencies from refinancing loans that been seized by
cities via eminent domain.  According to the report, under a plan,
a city would purchase the mortgage at whatever a court determines
is fair value, and then the city would write down the loan and
refinance it through the Federal Housing Administration, which has
a program that allows such refinances for borrowers with very
little equity.


* Anderson Kill to Hold Bankruptcy Seminar for Oct. 16
------------------------------------------------------
The Legal Intelligencer reported that Anderson Kill's banking and
lending practice is set to present a seminar covering essential
alternatives to bankruptcy and the advantages and disadvantages of
each in comparison with Chapter 11 or Chapter 7 bankruptcy.
The seminar, "Alternatives to Bankruptcy," is scheduled from 3:30
to 5 p.m., with a cocktail reception from 5 to 6:30 p.m., Oct. 16
at the Union League of Philadelphia, 140 S. Broad St.

Frank G. Murphy, a shareholder at Anderson Kill, will be the
moderator.

Speakers include Howard Brod Brownstein, president and CEO of The
Brownstein Corp.; and Inez M. Markovich and Dennis J. Nolan,
shareholders at Anderson Kill.

To register, call Sonia Smalls at 212-278-1400, email
seminars@andersonkill.com or sign up at http://goo.gl/Nzccmj


* ESBA Announces Integration of Services with Friedman
------------------------------------------------------
On September 23, ESBA announced an integration of services with
Friedman, LLP, a top 50 national accounting and business services
provider, effective January 1, 2015.

The agreement, born of mutual trust and a long working history,
enables both firms to increase their depth of services and takes
advantage of complementary synergies.  Though both companies will
continue to operate as independent brands, each will be able to
offer full service accounting, tax, advisory, and restructuring
services.

ESBA clients gain access to Friedman's array of financial, tax and
audit services that are critical to successful turnarounds, while
Friedman clients gain ESBA's focus on and expertise in special
situations, profit improvement and cash flow enhancement.

In addition, the venture enables ESBA to grow its presence in New
York while Friedman will be able to expand their footprint in
Pennsylvania and Maryland.

                            About ESBA

ESBA is committed to delivering creative and cost effective
professional services to under-performing and/or financially
troubled businesses.


* Hynes Bags 2014 American Inns of Court Professionalism Award
--------------------------------------------------------------
Patricia M. Hynes, Esquire, has been selected to receive the
prestigious 2014 American Inns of Court Professionalism Award for
the Second Circuit.  The award will be presented in September at
the Second Circuit's Annual Judicial Conference in New York City
by Steven F. Molo, Esquire.

Ms. Hynes retired recently as senior counsel at Allen & Overy LLP
in New York.  A trial lawyer, she has specialized in complex
securities, commercial and criminal matters.  Notable clients
include Richard S. Fuld, Jr., former CEO of Lehman Brothers; and
JPMorgan Chase in cases related to the Bernie Madoff prosecution.
She was one of the co-lead plaintiffs' counsel in the settlement
reached in the Drexel Burnham bankruptcy and in the $1.3 billion
settlement of class actions reached with Michael Milken and
others.  Ms. Hynes appears regularly on lists of top lawyers.

From May 2008 to May 2010, in addition to practicing law,
Ms. Hynes was president of the Association of the Bar of the City
of New York.  She has also served as chair of the board of
directors of the Legal Aid Society.  In 2007, she received the
Robert F. Wagner, Jr., award from the Citizens Union of the City
of New York for her contributions to strengthening civic life.

Ms. Hynes served as Assistant U.S. Attorney for the Southern
District of New York from 1967 to 1982.  She was one of the first
women to achieve name recognition at a national law firm in 1993.
She has been admitted to practice before the Supreme Court of the
United States as well as numerous federal courts.

A graduate of Queens College of the University of the City of
New York, Ms. Hynes earned her JD at Fordham University School of
Law, where she was a member of the law review.

Headquartered in Alexandria, Virginia, The American Inns of Court
-- http://www.innsofcourt.org/-- fosters excellence in
professionalism, ethics, civility, and legal skills.  The
organization's membership includes more than 30,000 federal,
state, and local judges; lawyers; law professors; and law students
in more than 360 chapters nationwide and more than 97,000 alumni
members.


* Revere Finance Changes Name to Big Shoulders Capital
------------------------------------------------------
Big Shoulders Capital is the new name for Revere Finance, a
Chicago-area asset-based lender with a 40-year history serving
manufacturing, transportation, construction and other industries.

"The new name is a reflection of our roots in the Midwest and our
commitment to companies in transition," said Todd DiBenedetto,
President of Big Shoulders Capital.

The newly-named company continues to specialize in senior secured,
asset-based lending and sale-leasebacks.  Borrowers and lessees
often apply transaction proceeds to machinery and equipment
acquisitions, and to restructuring and turnaround activities.
Transaction amounts range from $500,000 to $15 million.  The group
also makes bridge loans and DIP loans, and purchases notes from
banks and other financial institutions.

Chief Operating Officer Alice Peterson said one of the key
differentiators for Big Shoulders Capital is its unique experience
in valuing commercial and industrial assets.  "Knowing how to best
unlock the value of machinery and equipment for business owners is
what gives us an edge," Ms. Peterson said.  "Our experience in a
wide range of industries allows for both speed and accuracy."

"We're focused on the success of the companies we serve.  It's a
lot of fun for us to take on complex situations where we can add
real value," added Mr. DiBenedetto.  "Companies are coming to us
to fund growth.  We get excited about the potential to stabilize
and rebuild small and medium-sized businesses across the country."

"We provide capital to businesses after learning about their
situation, goals and challenges," he said.

Company leadership has successfully structured financing for a
broad range of manufacturing industries including construction,
industrial machinery, metal fabrication, paper and printing,
automotive, electrical, aerospace, chemicals and defense.  "When a
company can no longer meet a bank's lending standards, Big
Shoulders Capital is an ideal source of liquidity.  We have the
asset knowledge and experience to provide funding through
purchase-leasebacks or loans," said David Muslin, Chairman of Big
Shoulders Capital.  "We've been involved in these types of
transactions for a long time, typically for companies that are in
some sort of transition."

Big Shoulders Capital embraces a borrower selection process that
considers more than tangible assets and A/R.  "We make it a point
to go out and meet with the client, visit the facility and
potentially some of their primary customers, to learn the whole
situation," Mr. DiBenedetto says.  "Often we see a lot of
intangible value -- long-term customer relationships, blanket
contracts, things like that.  Learning about the business
frequently allows us to bring more dollars to an event than our
competition."

Big Shoulders Capital thrives on helping businesses in transition,
Ms. Peterson said.  Accountants, attorneys and consultants often
refer clients to the lender.  "They consistently tell us that they
are partnering with us because they can rely on our
professionalism and because we do what we say we're going to do,"
she said.

The company is also easy to work with.  "The last thing we want to
be is a group that sends you pages and pages of application forms
to complete before we'll even talk to you," Mr. DiBenedetto said.
"We prefer to go meet the client first and then decide which path
makes the most sense or which product makes the most sense.  And
frequently, if it's something we're not experts in or we don't
think we can add value, we usually know someone who can."
?
Big Shoulders Capital can be reached at 224-927-5330; the
company's website address is www.bigshoulderscap.com

Big Shoulders Capital is located at 105 Revere Drive, Suite D,
Northbrook, IL 60062.


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

In re Calikota Properties, LLC
   Bankr. E.D. Cal. Case No. 14-29194
      Chapter 11 Petition filed September 12, 2014
         See http://bankrupt.com/misc/caeb14-29194.pdf
         represented by: C. Anthony Hughes, Esq.
                         HUGHES FINANCIAL LAW
                         E-mail: Attorney@4851111.com

In re Richard A. Prater
   Bankr. E.D. Cal. Case No. 14-29217
      Chapter 11 Petition filed September 14, 2014

In re Fruity Trust
   Bankr. C.D. Cal. Case No. 14-27567
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/cacb14-27567.pdf
         Filed Pro Se

In re Gary Durdin
   Bankr. C.D. Cal. Case No. 14-27596
      Chapter 11 Petition filed September 15, 2014

In re Mizu Japanese Seafood Buffet, Inc.
   Bankr. E.D. Cal. Case No. 14-29231
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/caeb14-29231.pdf
         represented by: Stephen M. Reynolds, Esq.
                         REYNOLDS LAW CORPORATION
                         E-mail: sreynolds@lr-law.net

In re Henry Clyde Hunter
   Bankr. N.D. Fla. Case No. 14-40535
      Chapter 11 Petition filed September 15, 2014

In re 4636-38 White Plains Road Holdings, LLC
   Bankr. S.D.N.Y. Case No. 14-12610
      Chapter 11 Petition filed September 15, 2014
         Filed Pro Se

In re Yarborough & Rock Funeral Home, Inc.
   Bankr. E.D. Pa. Case No. 14-17387
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/paeb14-17387.pdf
         represented by: Brian C. Eves, Esq.
                         LAW OFFICES OF BRIAN C. EVES
                         E-mail: BrianEvesLaw@gmail.com

In re Elohim Cleaning Contractors, Inc.
   Bankr. E.D. Pa. Case No. 14-17406
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/paeb14-17406.pdf
         represented by: David L. Marshall, Esq.
                         EASTBURN AND GRAY, P.C.
                         E-mail: dmarshall@eastburngray.com

In re Expert Shipping and Logistics, Inc.
   Bankr. W.D. Pa. Case No. 14-23728
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/pawb14-23728.pdf
         represented by: Brian C. Thompson, Esq.
                         THOMPSON LAW GROUP, P.C.
                         E-mail: bthompson@ThompsonAttorney.com

In re Inmobiliaria Raver, Inc.
   Bankr. D.P.R. Case No. 14-07608
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/prb14-07608.pdf
         represented by: Wigberto Lugo Mender, Esq.
                         LUGO MENDER & CO
                         E-mail: wlugo@lugomender.com

In re Inversiones Raver, Inc.
   Bankr. D.P.R. Case No. 14-07610
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/prb14-07610.pdf
         represented by: Wigberto Lugo Mender, Esq.
                         LUGO MENDER & CO
                         E-mail: wlugo@lugomender.com

In re Aravind Mallipudi Inc
   Bankr. M.D. Tenn. Case No. 14-07383
      Chapter 11 Petition filed September 15, 2014
         See http://bankrupt.com/misc/tnmb14-07383.pdf
         Filed Pro Se
In re Mulberry Business Park, LP
   Bankr. D. Ariz. Case No. 14-14210
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/azb14-14210.pdf
         represented by: Blake D. Gunn, Esq.
                         LAW OFFICE OF BLAKE D. GUNN
                         E-mail: blake.gunn@gunnbankruptcyfirm.com

In re Jeffrey Craig Crosby and Eileen Caroline Crosby
   Bankr. D. Ariz. Case No. 14-14212
      Chapter 11 Petition filed September 16, 2014

In re K C Plumbing Inc.
   Bankr. C.D. Cal. Case No. 14-21619
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/cacb14-21619.pdf
         represented by: Robert B. Rosenstein, Esq.
                         ROSENSTEIN & HITZEMAN
                         E-mail: robert@rosenhitz.com

In re Mohammad Abbaszadeh
   Bankr. E.D. Cal. Case No. 14-29267
      Chapter 11 Petition filed September 16, 2014

In re Tracy A Nemerofsky
   Bankr. S.D. Fla. Case No. 14-30771
      Chapter 11 Petition filed September 16, 2014

In re James Johnigean
   Bankr. M.D. Fla. Case No. 14-10864
      Chapter 11 Petition filed September 16, 2014

In re Lee R. Vergara and Martha M. Vergara
   Bankr. N.D. Ind. Case No. 14-12339
      Chapter 11 Petition filed September 16, 2014

In re Richard Allen Wood, Jr.
   Bankr. N.D. Miss. Case No. 14-13467
      Chapter 11 Petition filed September 16, 2014

In re Mi Tierra I Restaurant
   Bankr. S.D.N.Y. Case No. 14-12626
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/nysb14-12626.pdf
         represented by: Jose Luis Ongay
                         E-mail: ongaylaw@aol.com

In re Vincent J. Franzone
   Bankr. S.D.N.Y. Case No. 14-12640
      Chapter 11 Petition filed September 16, 2014

In re Innovative Plastering Concepts Inc.
        aka IPC Inc.
   Bankr. W.D. Pa. Case No. 14-23732
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/pawb14-23732.pdf
         represented by: Kenneth Steidl, Esq.
                         STEIDL & STEINBERG
                         E-mail: julie.steidl@steidl-steinberg.com

In re Joseph M. Perri
   Bankr. W.D. Pa. Case No. 14-23734
      Chapter 11 Petition filed September 16, 2014

In re Medical Ambulance Services Inc.
   Bankr. D.P.R. Case No. 14-07635
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/prb14-07635.pdf
         represented by: Wigberto Lugo Mender, Esq.
                         LUGO MENDER & CO
                         E-mail: wlugo@lugomender.com

In re Adventure Fitness Club, Inc.
   Bankr. D.P.R. Case No. 14-07643
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/prb14-07643.pdf
         represented by: Luis D. Flores Gonzalez, Esq.
                         LUIS D. FLORES GONZALEZ LAW OFFICE
                         E-mail: ldfglaw@coqui.net

In re Anthony Robert Iazeolla and Melanie Rea Iazeolla
   Bankr. W.D. Wash. Case No. 14-16854
      Chapter 11 Petition filed September 16, 2014

In re Legends West Inc.
   Bankr. D. Wyo. Case No. 14-20679
      Chapter 11 Petition filed September 16, 2014
         See http://bankrupt.com/misc/wyb14-20679.pdf
         Filed Pro Se
In re G.R. Taylor Enterprises, Inc.
        aka TEI Roof
   Bankr. D. Ariz. Case No. 14-14290
      Chapter 11 Petition filed September 17, 2014
         See http://bankrupt.com/misc/azb14-14290.pdf
         represented by: Olga Zlotnik, Esq.
                         LAW OFFICE OF OLGA ZLOTNIK, PLLC
                         E-mail: oazlotnik@gmail.com

In re Kami A. Merabi
   Bankr. C.D. Cal. Case No. 14-14281
      Chapter 11 Petition filed September 17, 2014

In re Charles Fredell Mills
   Bankr. E.D. Cal. Case No. 14-29284
      Chapter 11 Petition filed September 17, 2014

In re Agnes Rom and Richard Rom
   Bankr. E.D. Cal. Case No. 14-29286
      Chapter 11 Petition filed September 17, 2014

In re TGV, LLC
   Bankr. D. Mass. Case No. 14-14384
      Chapter 11 Petition filed September 17, 2014
         See http://bankrupt.com/misc/mab14-14384.pdf
         Filed Pro Se

In re Amer Ramo
   Bankr. D. Nev. Case No. 14-16240
      Chapter 11 Petition filed September 17, 2014

In re Bellmawr Creek, LLC
   Bankr. D.N.J. Case No. 14-29041
      Chapter 11 Petition filed September 17, 2014
         See http://bankrupt.com/misc/njb14-29041.pdf
         represented by: Carol L. Knowlton, Esq.
                         GORSKI & KNOWLTON, P.C.
                         E-mail: cknowlton@gorskiknowlton.com

In re Bellmawr Harding, LLC
   Bankr. D.N.J. Case No. 14-29047
      Chapter 11 Petition filed September 17, 2014
         See http://bankrupt.com/misc/njb14-29047.pdf
         represented by: Carol L. Knowlton, Esq.
                         GORSKI & KNOWLTON, P.C.
                         E-mail: cknowlton@gorskiknowlton.com

In re Merchant Capital Acquisitions I, Inc.
        dba MCA I
   Bankr. S.D.N.Y. Case No. 14-12648
      Chapter 11 Petition filed September 17, 2014
         See http://bankrupt.com/misc/nysb14-12648.pdf
         represented by: Robert J. Spence, Esq.
                         SPENCE LAW OFFICE, P.C.
                         E-mail: rspence@spencelawpc.com

In re Yaron Reuven
   Bankr. S.D.N.Y. Case No. 14-12649
      Chapter 11 Petition filed September 17, 2014

In re Dane MacPhail Waggett and Natalie Utley Waggett
   Bankr. E.D.N.C. Case No. 14-05387
      Chapter 11 Petition filed September 17, 2014

In re Steven P. Keares
   Bankr. E.D. Pa. Case No. 14-17496
      Chapter 11 Petition filed September 17, 2014

In re Hereboy Enterprises, LLC
   Bankr. D. R.I. Case No. 14-12111
      Chapter 11 Petition filed September 17, 2014
         See http://bankrupt.com/misc/rib14-12111.pdf
         represented by: Peter J. Furness, Esq.
                         BOYAJIAN HARRINGTON RICHARDSON & FURNESS
                         E-mail: peter@bhrlaw.com
In re John Leslie Jonkman
   Bankr. C.D. Cal. Case No. 14-15654
      Chapter 11 Petition filed September 18, 2014

In re Dorothy Tucker Sterling
   Bankr. M.D. Fla. Case No. 14-04574
      Chapter 11 Petition filed September 18, 2014

In re Russell Hilliard
   Bankr. S.D. Fla. Case No. 14-30933
      Chapter 11 Petition filed September 18, 2014

In re Victoria J. Raines
   Bankr. D. Nev. Case No. 14-16290
      Chapter 11 Petition filed September 18, 2014

In re Jose J. Romero-Martinez and Ana M. Romero
   Bankr. D. Nev. Case No. 14-16293
      Chapter 11 Petition filed September 18, 2014

In re Salvador E. De La Cruz and Elsa M Ramirez
   Bankr. D. Nev. Case No. 14-16299
      Chapter 11 Petition filed September 18, 2014

In re Tomas Cruz
   Bankr. D. Nev. Case No. 14-16304
      Chapter 11 Petition filed September 18, 2014

In re Fortress ITX Weehawken, LLC
   Bankr. D.N.J. Case No. 14-29147
      Chapter 11 Petition filed September 18, 2014
         See http://bankrupt.com/misc/njb14-29147.pdf
         represented by: David L. Stevens, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS, LLP
                         E-mail: dstevens@scuramealey.com

In re Theresa Lucente
   Bankr. E.D.N.Y. Case No. 14-74283
      Chapter 11 Petition filed September 18, 2014

In re 848 Enterprises, Inc.
   Bankr. E.D. Pa. Case No. 14-17502
      Chapter 11 Petition filed September 18, 2014
         See http://bankrupt.com/misc/paeb14-17502.pdf
         represented by: Allen B. Dubroff, Esq.
                         ALLEN B. DUBROFF, ESQ. & ASSOCIATES
                         E-mail: allen@dubrofflawllc.com

In re Hassan N. Farah
   Bankr. W.D. Pa. Case No. 14-23775
      Chapter 11 Petition filed September 18, 2014

In re Rancho Vida, LLC
        dba Mamajuana Cafe
   Bankr. S.D.N.Y. Case No. 14-12666
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/nysb14-12666.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM, PLLC
                         E-mail: morrlaw@aol.com
In re Cruz Raquel Diaz
   Bankr. D. Ariz. Case No. 14-14391
      Chapter 11 Petition filed September 19, 2014

In re Gillette Investments, LLC
   Bankr. D. Ariz. Case No. 14-14411
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/azb14-14411.pdf
         represented by: Kenneth L. Neeley, Esq.
                         NEELEY LAW FIRM, PLC
                         E-mail: ecf@neeleylaw.com

In re Tearmyina Residential, LLC
   Bankr. D. Ariz. Case No. 14-14416
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/azb14-14416.pdf
         represented by: Benjamin Joseph Wright
                         WRIGHT LAW OFFICES
                         E-mail: bwright@wloaz.com

In re Christopher Lemont Mills
   Bankr. C.D. Cal. Case No. 14-14327
      Chapter 11 Petition filed September 21, 2014

In re Wais Saboory
   Bankr. N.D. Cal. Case No. 14-43840
      Chapter 11 Petition filed September 19, 2014

In re Global Access, LLC
   Bankr. D. Colo. Case No. 14-22849
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/cob14-22849.pdf
         Filed Pro Se

In re Boris Maydanik and Julia Borniva
   Bankr. D. Md. Case No. 14-24673
      Chapter 11 Petition filed September 19, 2014

In re 77 Roslyn Avenue Real Estate, Inc.
   Bankr. E.D.N.Y. Case No. 14-74311
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/nyeb14-74311.pdf
         Filed Pro Se

In re Eric Edwards
   Bankr. E.D.N.C. Case No. 14-05443
      Chapter 11 Petition filed September 19, 2014

In re Parts Exchange, Inc.
   Bankr. E.D. Pa. Case No. 14-17561
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/paeb14-17561.pdf
         represented by: Dimitri L. Karapelou, Esq.
                         LAW OFFICES OF DIMITRI L. KARAPELOU, LLC
                         E-mail: dkarapelou@karapeloulaw.com

In re Cabin Hollow Enterprises, Inc., a Corporation
   Bankr. M.D. Pa. Case No. 14-04340
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/pamb14-04340.pdf
         represented by: Robert L. Knupp, Esq.
                         SMIGEL, ANDERSON & SACKS
                         E-mail: pmcbride@sasllp.com

In re All American Pearland, Inc.
   Bankr. S.D. Tex. Case No. 14-35149
      Chapter 11 Petition filed September 19, 2014
         See http://bankrupt.com/misc/txsb14-35149.pdf
         represented by: Samuel L. Milledge, Esq.
                         MILLEDGE LAW FIRM, PLLC
                         E-mail: milledge@milledgelawfirm.com

In re Barbara M. Agnew and Michael R. Agnew
   Bankr. E.D. Va. Case No. 14-73415
      Chapter 11 Petition filed September 19, 2014

In re James Wyant Rappaport
   Bankr. D. Ariz. Case No. 14-14448
      Chapter 11 Petition filed September 21, 2014

In re Frank Moultrie
   Bankr. N.D. Fla. Case No. 14-31014
      Chapter 11 Petition filed September 21, 2014

In re Rotenier, Ltd.
        dba RMUSA Inc.
   Bankr. S.D.N.Y. Case No. 14-12678
      Chapter 11 Petition filed September 21, 2014
         See http://bankrupt.com/misc/nysb14-12678.pdf
         represented by: Joel Alan Gaffney, Esq.
                         LAW OFFICE OF GREGORY MESSER
                         E-mail: joel.alan.gaffney@gmail.com
In re Gerald Craig Godard and Deborah Jean Godard
   Bankr. D. Ariz. Case No. 14-14458
      Chapter 11 Petition filed September 22, 2014

In re Barbara A. Sloan
   Bankr. D. Ariz. Case No. 14-14468
      Chapter 11 Petition filed September 22, 2014

In re Jeffrey Loomis
   Bankr. C.D. Cal. Case No. 14-31370
      Chapter 11 Petition filed September 22, 2014

In re 3LJ'S Cafe' Services & Sports Bar, LLC
   Bankr. E.D. La. Case No. 14-12544
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/laeb14-12544.pdf
         Filed Pro Se

In re Kemistry Entertainment Group, LLC
   Bankr. E.D.N.Y. Case No. 14-44783
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/nyeb14-44783.pdf
         represented by: David R. Biondi, Esq.
                         E-mail: davidr.biondi@yahoo.com

In re Dawn Inc.
        dba Caf Mozart
   Bankr. S.D.N.Y. Case No. 14-23347
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/nysb14-23347.pdf
         represented by: Dawn Kirby Arnold, Esq.
                         DELBELLO DONNELLAN WEINGARTEN
                         & WIEDERKEHR, LLP
                         E-mail: dkirby@ddw-law.com

In re Edwin Marshall Medina and Lydia M Lugo Emanuelli
   Bankr. D.P.R. Case No. 14-07792
      Chapter 11 Petition filed September 22, 2014

In re Marjasu Corp.
   Bankr. D.P.R. Case No. 14-07793
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/prb14-07793.pdf
         represented by: Jose M. Prieto Carballo, Esq.
                         JPC LAW OFFICE
                         E-mail: jmprietolaw@gmail.com

In re Centro Cardiovascular Del Este, C.S.P.
   Bankr. D.P.R. Case No. 14-07796
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/prb14-07796.pdf
         represented by: Rancisco J. Ramos Gonzalez, Esq.
                         FRANCISCO J. RAMOS & ASOCIADOS, CSP
                         E-mail: fjramos@coqui.net

In re Peter NMN Washington, Jr.
   Bankr. D. S.C. Case No. 14-05329
      Chapter 11 Petition filed September 22, 2014

In re Multi-Medical Supplies & Equipment, LLC
       dba Multi-Medical
   Bankr. S.D. Tex. Case No. 14-35174
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/txsb14-35174.pdf
         represented by: John Meritt Crosby, Jr., Esq.
                         OKIN ADAMS & KILMER, LLP
                         E-mail: mcrosby@oakllp.com

In re Multi-Medical Equipment & Supplies Bellaire, LLC
   Bankr. S.D. Tex. Case No. 14-35176
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/txsb14-35176.pdf
         represented by: John Meritt Crosby, Jr., Esq.
                         OKIN ADAMS & KILMER, LLP
                         E-mail: mcrosby@oakllp.com

In re The DSU Family Trust
   Bankr. W.D. Tenn. Case No. 14-29830
      Chapter 11 Petition filed September 22, 2014
         See http://bankrupt.com/misc/tnwb14-29830.pdf
         represented by: Gwenthian Joan Hewitt, Esq.
                         LAW OFFICES OF GWENTHIAN HEWITT
                         E-mail: gwen@hewitt-law.com

In re Haitham Sadeq and Rola Sabbagh
   Bankr. E.D. Va. Case No. 14-13504
      Chapter 11 Petition filed September 22, 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
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Copyright 2014.  All rights reserved.  ISSN: 1520-9474.

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                  *** End of Transmission ***