/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/141011.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, October 11, 2014, Vol. 18, No. 283 Headlines AMSTERDAM HOUSE: Incurs $2.31-Mil. Net Loss in July AMSTERDAM HOUSE: Net Loss Slightly Down to $2.14-Mil. in August CRUMBS BAKE SHOP: Net Loss Increases to $565,243 in August DOTS LLC: Net Loss Rises to $141,491 at August 31 ENERGY FUTURE: Net Loss Decreases Further to $10.32MM in August FAIRMONT GENERAL: Cash Balance Increases to $1MM at August 31 FISKER AUTOMOTIVE: Net Loss Increases to $1.82 Million at Aug. 31 IBAHN CORP: Cash Balance Increases to $200 in July IBAHN CORP: Ends August with $182 Cash Balance JAMES RIVER COAL: Net Loss Balloons to $512.06 Million in August KID BRANDS: Net Loss Down to $921,692 at July 30 LIFE UNIFORM: Posts $178,353 in Total Receipts for September LONG BEACH MEDICAL: Had $1.46 Million Cash at August 31 LONGVIEW POWER: Cash Balance Increases to $38.16-Mil. at Aug. 31 MEE APPAREL: Net Loss Down Again to $155,221 in August METRO FUEL: Ends August with $7.57 Million Cash MINERAL PARK: Projects $117.13MM in Total Receipts Thru Jan. 2015 NAUTILUS HOLDINGS: Incurs $91,000 Net Loss in August NE OPCO: Had $838,858 Ending Cash Balance at Aug. 31 PACIFIC STEEL: Suffers $929,297 Net Loss in August REVEL AC: Net Loss Decreases to $9.65 Million in July SOUND SHORE: Had $376,852 Cash at August 31 SOURCE HOME: Net Loss Increases to $2.91 Million at Aug. 31 ********* AMSTERDAM HOUSE: Incurs $2.31-Mil. Net Loss in July --------------------------------------------------- Amsterdam House Continuing Care Retirement Community, Inc., filed, on Sept. 30, 2014, its monthly operating report for July 2014. The Debtor incurred a net loss of $2.31 million in July on total operating revenues of $1.66 million. At July 31, the Debtor declared total assets of $279.57 million, total liabilities of $435.58 million, and a total shareholders' equity of -$156.01 million. For the period covering July 20 through Aug. 2, 2014, the Debtors listed $704,596 in total cash receipts and $1.19 million in total cash disbursements. A copy of the monthly operating report is available at: http://bankrupt.com/misc/AmsterdamHousemorJuly.pdf About Amsterdam House Amsterdam House Continuing Care Retirement Community, Inc., owns and operates Harborside, an upscale retirement community is situated on 8.9 acres in Port Washington, New York. Harborside -- http://www.theamsterdamatharborside.com/-- is Nassau County's first and only CCRC licensed under Article 46 of the New York Public Health Law. CCRCs provide senior citizens with a full range of living accommodations and healthcare services during their retirement years. Harborside currently offers 329 units of varying sizes for independent, enriched, and skilled nursing care. Amsterdam House filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 14-73348) on July 22, 2014, in Central Islip, New York, to implement a prenegotiated bankruptcy-exit plan. The case is assigned to Judge Alan S Trust. Ingrid Bagby, Esq., at Cadwalader Wickersham & Taft LLP, serves as the Debtor's counsel. Grant Thornton LLP serves as financial advisors, Herbert J. Sims & Co., Inc., serves as investment bankers, and Kurtzman Carson Consultants LLC acts as claim and noticing agent. The Company said that total assets were $286 million and debt was $437 million as of April 30, 2014. AMSTERDAM HOUSE: Net Loss Slightly Down to $2.14-Mil. in August --------------------------------------------------------------- Amsterdam House Continuing Care Retirement Community, Inc., on Sept. 30, 2014, filed a monthly operating report for August 2014. The Debtor suffered a net loss of $2.14 million in August on total operating revenues of $1.73 million, a slight decrease from the $2.31 million net loss incurred for the previous month. At Aug. 31, the Debtor declared total assets of $183.48 million, total liabilities of $441.63 million, and a total shareholders' equity of -$158.15 million. The Debtor had cash balance of $5.73 million at August 3. It listed $1.77 million in total cash receipts and $1.18 million in total cash disbursements. Disbursements include professional fees of $98,400. At Aug. 31, the Debtor had $6.51 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/AmsterdamHousemorAugust.pdf About Amsterdam House Amsterdam House Continuing Care Retirement Community, Inc., owns and operates Harborside, an upscale retirement community is situated on 8.9 acres in Port Washington, New York. Harborside -- http://www.theamsterdamatharborside.com/-- is Nassau County's first and only CCRC licensed under Article 46 of the New York Public Health Law. CCRCs provide senior citizens with a full range of living accommodations and healthcare services during their retirement years. Harborside currently offers 329 units of varying sizes for independent, enriched, and skilled nursing care. Amsterdam House filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 14-73348) on July 22, 2014, in Central Islip, New York, to implement a prenegotiated bankruptcy-exit plan. The case is assigned to Judge Alan S Trust. Ingrid Bagby, Esq., at Cadwalader Wickersham & Taft LLP, serves as the Debtor's counsel. Grant Thornton LLP serves as financial advisors, Herbert J. Sims & Co., Inc., serves as investment bankers, and Kurtzman Carson Consultants LLC acts as claim and noticing agent. The Company said that total assets were $286 million and debt was $437 million as of April 30, 2014. CRUMBS BAKE SHOP: Net Loss Increases to $565,243 in August ---------------------------------------------------------- Crumbs Bake Shop, et al., filed, on Sept. 22, 2014, their monthly operating report for the month of August 2014. The Debtor recorded a net loss of $565,243 in August on total income of -$2,680, an increase from the $202,660 net loss incurred for the previous month. At Aug. 30, the Debtors declared total assets of $8.40 million, total liabilities of $9.97 million, and a total shareholders' equity of -$1.57 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CrumbsBakeShopmorAugust2014.pdf About Crumbs Bake Shop Crumbs Bake Shop, Inc., and 22 of its affiliates filed separate Chapter 11 bankruptcy petitions (Bankr. D. N.J. Lead Case No. 14- 24287) on July 11, 2014. John D. Ireland signed the petitions as chief financial officer. Crumbs Bake Shop estimated assets of $10 million to $50 million and the same range of liabilities. Cole, Schotz, Meisel, Forman & Leonard, P.A., acts as the Debtors' counsel. Prime Clerk LLC is the Debtors' claims and noticing agent. Judge Michael B. Kaplan oversees the jointly administered cases. The U.S. Trustee appointed three creditors to serve in the Official Committee of Unsecured Creditors. Sharon L. Levine, Esq., at Lowenstein Sandler LLP serves as Committee's counsel. * * * On July 7, 2014, the Board of Directors of Crumbs Bake Shop determined to cease operations effective immediately. The Board's determination was made after the Company lacked sufficient liquidity to maintain current operations. On the petition date, Crumbs entered into an Asset Purchase Agreement through which Lemonis Fischer Acquisition Company, LLC, a joint venture created by Marcus Lemonis LLC and Fischer Enterprises, L.L.C., will acquire the Crumbs' business as part of the Company's Chapter 11 filing. Lemonis Fischer Acquisition is represented by Louis Price, Esq., at McAfee & Taft PC. On Aug. 29, 2014, Crumbs Bake Shops completed the sale of its assets for a credit bid of $7,140,000 and the assumption of various liabilities. There are no cash proceeds and the credit bid resulted in the repayment of all indebtedness to Lemonis Fischer Acquisition, which held a first priority security interest in the assets of the Company. The Company's remaining assets will be liquidated and the proceeds thereof will be utilized to pay unsecured liabilities in accordance with applicable law and certain advisors' fees and expenses. The Company does not expect that there will be any proceeds available for distribution to shareholders. DOTS LLC: Net Loss Rises to $141,491 at August 31 ------------------------------------------------- Dots, LLC, et al., on Sept. 29, 2014, filed a monthly operating report for the period from August 3 to 31, 2014. The Debtors suffered a net loss of $141,491 for the current reporting period on zero sales, an increase from the $40,979 net loss recorded at August 2. At August 31, the Debtors had total assets of $6.39 million, total liabilities of $67.34 million, and a total shareholders' equity of -$60.96 million. The Debtors posted $52,169 in total receipts and $193,995 in total disbursements for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/DotsLLCmorAugust.pdf About DOTS LLC Dots is a retailer of fashionable clothing, accessories, and footwear for price-conscious women. Dots provides missy and plus size choices to fashion savvy 25 to 35 year old women at approximately 400 retail stores throughout the Midwest, East, and South United States. Dots' workforce includes 3,500 individuals in their stores, distribution center, and corporate headquarters. Dots, LLC, and its affiliates sought bankruptcy protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 14-11016) on Jan. 20, 2014, to sell some or all of their assets. Lowenstein Sandler LLP serves as counsel to the Debtors. PricewaterhouseCoopers LLP is financial advisor and investment banker. Donlin, Recano & Company, Inc., is the claims and notice agent. As of the Petition Date, the Debtors have outstanding secured debt owed to senior lender Salus Capital Partners, LLC, of which $14.5 million remains outstanding under a revolving facility and $16.1 million is owed under a term facility. The Debtors also have not less than $17 million outstanding under subordinated term loan agreements with Irving Place Capital Partners III L.P. ("IPC") and related entities. Moreover, the Debtors have aggregate unsecured debts of $47.0 million. The Debtors disclosed $51,574,560 in assets and $85,442,656 in liabilities as of the Chapter 11 filing. Salus, the prepetition senior lender and the DIP lender, is represented by Morgan, Lewis & Bockius, LLP. The prepetition subordinated lenders are represented by Okin Hollander & DeLuca, LLP. The Company has arranged to borrow $36 million to keep operating as it reorganizes under court protection. Otterbourg P.C. serves as counsel to the Official Committee of Unsecured Creditors; and FTI Consulting, Inc., serves as its financial advisor. ENERGY FUTURE: Net Loss Decreases Further to $10.32MM in August --------------------------------------------------------------- Energy Future Holdings Corp., et al., on Sept. 30, 2014, filed their monthly operating report for August 2014. EFH incurred a net loss of $10.32 million in August on zero revenues, a large decrease from the $67.92 million net loss suffered for the previous month. EFH declared -$9.41 billion in total assets, $5.06 billion in total liabilities, and a total shareholders' equity of -$14.47 billion. The Debtors started August with a cash balance of $2.82 billion. They listed total cash receipts of $632 million and total cash disbursements of $462 million. At the end of the month, the Debtors had $2.92 billion cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/EnergyFutureHoldingsmorAugust.pdf About Energy Future Energy Future Holdings Corp., formerly known as TXU Corp., is a privately held diversified energy holding company with a portfolio of competitive and regulated energy businesses in Texas. Oncor, an 80 percent-owned entity within the EFH group, is the largest regulated transmission and distribution utility in Texas. The Company delivers electricity to roughly three million delivery points in and around Dallas-Fort Worth. EFH Corp. was created in October 2007 in a $45 billion leverage buyout of Texas power company TXU in a deal led by private-equity companies Kohlberg Kravis Roberts & Co. and TPG Inc. On April 29, 2014, Energy Future Holdings and 70 affiliated companies sought Chapter 11 bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10979) after reaching a deal with some key financial stakeholders to keep its businesses operating while reducing its roughly $40 billion in debt. The Debtors' cases have been assigned to Judge Christopher S. Sontchi (CSS). The Debtors are seeking to have their cases jointly administered for procedural purposes. As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4 billion in book value and total liabilities of $49.7 billion. The Debtors have $42 billion of funded indebtedness. EFH's legal advisor for the Chapter 11 proceedings is Kirkland & Ellis LLP, its financial advisor is Evercore Partners and its restructuring advisor is Alvarez & Marsal. The TCEH first lien lenders supporting the restructuring agreement are represented by Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and Millstein & Co., LLC, as financial advisor. The EFIH unsecured creditors supporting the restructuring agreement are represented by Akin Gump Strauss Hauer & Feld LLP, as legal advisor, and Centerview Partners, as financial advisor. The EFH equity holders supporting the restructuring agreement are represented by Wachtell, Lipton, Rosen & Katz, as legal advisor, and Blackstone Advisory Partners LP, as financial advisor. Epiq Systems is the claims agent. Wilmington Savings Fund Society, FSB, the successor trustee for the second-lien noteholders owed about $1.6 billion, is represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq. An Official Committee of Unsecured Creditors has been appointed in the case. The Committee represents the interests of the unsecured creditors of ONLY of Energy Future Competitive Holdings Company LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings Company LLC; and EFH Corporate Services Company, and of no other debtors. The Committee has selected Morrison & Foerster LLP and Polsinelli PC for representation in this high-profile energy restructuring. The lawyers working on the case are James M. Peck, Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC. FAIRMONT GENERAL: Cash Balance Increases to $1MM at August 31 ------------------------------------------------------------- Fairmont General Hospital, Inc., and its subsidiaries, on Sept. 23, 2014, filed their monthly operating report for August 2014. The Debtors started August with a cash balance of $947,779. They reported a total income of $6.68 million and total expenses of $6.52 million for the month. At month end, the Debtors had $1 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/FAIRMONTGENERALaug2014mor.pdf About Fairmont General Hospital Inc. Fairmont General Hospital Inc. and Fairmont Physicians, Inc., which operate a 207-bed acute-care facility in Fairmont, West Virginia, sought Chapter 11 bankruptcy protection (Bankr. N.D. W.Va. Case No. 13-01054) on Sept. 3, 2013. The fourth-largest employer in Marion County, West Virginia, filed for bankruptcy as it looks to partner with another hospital or health system. The Debtors are represented by Rayford K. Adams, III, Esq., and Casey H. Howard, Esq., at Spilman Thomas & Battle, PLLC, in Winston-Salem, North Carolina; David R. Croft, Esq., at Spilman Thomas & Battle, PLLC, in Wheeling, West Virginia, and Michael S. Garrison, Esq., at Spilman Thomas & Battle, PLLC, in Morgantown, West Virginia. The Debtors' financial analyst is Gleason & Associates, P.C. The Debtors' claims and noticing agent is Epiq Bankruptcy Solutions. Hammond Hanlon Camp, LLC, has been engaged as investment banker and financial advisor. UMB Bank is represented by Nathan F. Coco, Esq., and Suzanne Jett Trowbridge, Esq., at McDermott Will & Emery LLP. The Committee of Unsecured Creditors is represented by Andrew Sherman, Esq., and Boris I. Mankovetskiy, Esq., at Sills Cummis & Gross P.C. and Kirk B. Burkley, Esq., Bernstein Burkley, P.C. Janet Smith Holbrook, Esq., at Huddleston Bolen LLP, represents the Committee as local counsel. The Bankruptcy Court has named Suzanne Koenig at SAK Management Services, LLC, as patient care ombudsman. Ms. Koenig has hired her own firm as medical operations advisor; and Greenberg Traurig, LLP, as her counsel. The Debtors have scheduled $48,568,863 in total assets and $54,774,365 in total liabilities. FISKER AUTOMOTIVE: Net Loss Increases to $1.82 Million at Aug. 31 ----------------------------------------------------------------- FAH Liquidating Corp., et al., formerly known as Fisker Automotive, Inc., et al., filed, on August 20, 2014, their monthly operating report for August 2014. The Debtors recorded a net loss of $1.82 million in August, a large increase from the $272,626 net loss incurred for the previous month. At Aug. 31, the Debtors declared total assets of $111.77 million, total liabilities of $321.97 million, and a total shareholders' deficit of $210.20 million. The Debtors started July with a cash balance of $113.56 million cash. They reported total receipts of $179,906 and total disbursements of $2 million for the month. At July 31, the Debtors had $111.73 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/FiskerAutomotive_morjuly2014.pdf About Fisker Automotive Fisker Automotive Holdings, Inc., developer of the Karma plug-in hybrid electric sedan, filed a petition for Chapter 11 protection (Bankr. D. Del. Case No. 13-13087) on Nov. 22, 2013. Fisker estimated assets of more than $100 million and listed debt of $500 million in its bankruptcy petition. The assets include an assembly plant purchased for $21 million from General Motors Corp. The plant never operated. The cars were assembled in Finland. Fisker received a $529 million loan from the Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program and drew down about $192 million before the department froze the loan after Fisker failed to hit several development targets. The company defaulted on its loan in April 2013. Bankruptcy Judge Kevin Gross presides over the case. The Debtors have tapped James H.M. Sprayregen, P.C., Esq., Anup Sathy, P.C., Esq., and Ryan Preston Dahl, Esq., at Kirkland & Ellis LLP, in Chicago, Illinois, as co-counsel; Laura Davis Jones, Esq., James E. O'Neill, Esq., and Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware, as co-counsel; Beilinson Advisory Group as restructuring advisors; and Rust Consulting/Omni Bankruptcy, as notice and claims agent and administrative advisor. On Nov. 5, 2013, the Official Committee of Unsecured Creditors was appointed. The members are: (a) David M. Cohen; (b) Sven Etzelsberger; (c) Kuster Automotive Door Systems GmbH; (d) Magna E-Car USA, LLC; (e) Supercars & More SRL; and (f) TK Holdings Inc. The Committee is represented by William R. Baldiga, Esq., and Sunni P. Beville, Esq., at Brown Rudnick LLP; and Mark Minuti, Esq., at Saul Ewing LLP. Emerald Capital Advisors Corp. is the financial advisors for the Committee. Fisker sought bankruptcy protection to pursue a private sale of its business to Hybrid Tech Holdings, LLC. The Committee, however, wants a sale public sale, and has identified Wanxiang America Corporation as stalking horse bidder. Hybrid was initially under contract to buy Fisker in exchange for $75 million of the $168.5 million government loan it acquired immediately before the Debtor's Chapter 11 filing. Hybrid later raised its offer by adding an additional $1 million cash and agreeing to share proceeds from the sale of a facility in Delaware it doesn't intend to operate. Hybrid also offered to pay real estate taxes on the Delaware plant. Hybrid also will waive $90 million in deficiency claims that otherwise would dilute unsecured creditors' recovery. Wanxiang, as stalking horse bidder, initially offered $25.8 million in cash. However, Wanxiang has said it has raised its offer by $10 million and is willing to go higher. After the hearings on Jan. 10 and 13, the Court directed a public auction, and capped Hybrid's credit bid to $25 million. In response, Hybrid raised its offer to $55 million. Hybrid is represented by Tobias Keller, Esq., and Peter Benvenutti, Esq., at Keller & Benvenutti LLP, in San Francisco, California. Wanxiang, which bought A123 Systems, Inc., a manufacturer of lithium-ion batteries used in electric vehicles such as the Fisker Karma, in a bankruptcy auction early in 2013 for $256.6 million, is represented in Fisker's case by Sidley Austin LLP's Bojan Guzina, Esq., and Andrew F. O'Neill, Esq.; and Young Conaway Stargatt & Taylor, LLP's Edmon L. Morton, Esq., Robert S. Brady, Esq., and Kenneth J. Enos, Esq. On Feb. 19, 2014, the Bankruptcy Court approved the sale of Fisker's assets to Wanxiang America Corporation. The sale closed on March 24. The sale to Wanxiang is valued at approximately $150 million, Fisker said in a news statement. On March 27, 2014, the Court authorized Fisker Automotive Holdings to change its name to FAH Liquidating Corp. and its affiliate, Fisker Automotive Inc., to FA Liquidating Corp., following the sale. IBAHN CORP: Cash Balance Increases to $200 in July -------------------------------------------------- iBahn Corporation, et al. filed, on Sept. 17, 2014, their monthly operating report for July 2014. The Debtors reported a net loss of $57 with zero revenue for the month. The Debtors recorded $200 in total assets, $7,665 in total liabilities, and a total shareholders' equity of -$7,465. The Debtors had $85 cash at July 1. They posted $295 in total receipts and $180 in total disbursements. The Debtors spent $85 in professional fees in July. At the end of the month, the Debtor had $200 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/IBahnCorpmorJuly.pdf About iBahn Corp. Salt Lake City, Utah-based IBahn Corp., a provider of Internet services to hotels, sought bankruptcy protection (Bankr. D. Del. Case No. 13-12285), citing a loss of contracts with largest customer Marriott International Inc. and patent litigation costs. IBahn Chief Financial Officer Ryan Jonson said the company had assets of $13.6 million and it listed liabilities of as much as $50 million in the Chapter 11 filing on Sept. 6, 2013. The petitions were signed by Ryan Jonson as chief financial officer. Judge Peter J. Walsh presides over the case. Laura Davis Jones, Esq., Davis M. Bertenthal, Esq., James E. O'Neill, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang, Ziehl Young & Jones, LLP, serve as the Debtors' counsel. The Debtors' claims and noticing agent is Epiq Bankruptcy Solutions. Epiq also serves as administrative agent. Houlihan Lokey Capital, Inc., serves as financial advisor and investment banker. IBAHN CORP: Ends August with $182 Cash Balance ---------------------------------------------- iBahn Corporation, et al., on Sept. 24, 2014, filed a monthly operating report for August 2014. The Debtors listed a net profit of $16 in August on zero revenue, an improvement from the $57 net loss incurred in July. At August 31, the Debtors had total assets of $182, total liabilities of $7,631, and a total shareholders' equity of -$7,449. At August 1, the Debtors had $200 cash. They recorded total receipts of $100 and total disbursements of $118. At month end, the Debtors had $182 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/IBahnCorpmorAugust.pdf About iBahn Corp. Salt Lake City, Utah-based IBahn Corp., a provider of Internet services to hotels, sought bankruptcy protection (Bankr. D. Del. Case No. 13-12285), citing a loss of contracts with largest customer Marriott International Inc. and patent litigation costs. IBahn Chief Financial Officer Ryan Jonson said the company had assets of $13.6 million and it listed liabilities of as much as $50 million in the Chapter 11 filing on Sept. 6, 2013. The petitions were signed by Ryan Jonson as chief financial officer. Judge Peter J. Walsh presides over the case. Laura Davis Jones, Esq., Davis M. Bertenthal, Esq., James E. O'Neill, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang, Ziehl Young & Jones, LLP, serve as the Debtors' counsel. The Debtors' claims and noticing agent is Epiq Bankruptcy Solutions. Epiq also serves as administrative agent. Houlihan Lokey Capital, Inc., serves as financial advisor and investment banker. JAMES RIVER COAL: Net Loss Balloons to $512.06 Million in August ---------------------------------------------------------------- James River Coal Company, on Oct. 1, 2014, filed its monthly operating report for the month of August 2014. The Debtors' statement of operations showed a net loss of $512.06 million in August on total revenues of $34.86 million, a big increase from the $8.99 million net loss suffered in July. Total operating loss for August is $7,7 million. As of August 31, the Debtors had $217.85 million in total assets, $810.93 million in total liabilities, and -$593.07 million in total shareholders' equity. The Debtor recorded total receipts of $49,296 and total disbursements of $94,210 for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/JAMESRIVERaug2014mor.pdf About James River James River Coal Company is a producer and marketer of coal in the Central Appalachia ("CAPP") and the Midwest coal regions of the United States. James River's principal business is the mining, preparation and sale of metallurgical coal, thermal coal (which is also known as steam coal) and specialty coal. James River and 33 of its affiliates filed Chapter 11 bankruptcy petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in Richmond, Virginia, on April 7, 2014. The petitions were signed by Peter T. Socha as president and chief executive officer. Judge Kevin R. Huennekens oversees the Chapter 11 cases. On the petition date, James River Coal disclosed total assets of $1.06 billion and total liabilities of $818.6 million. The Debtors are represented by Tyler P. Brown, Esq., Henry P. (Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton & Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian M. Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk & Wardwell LLP of New York, NY. Kilpatrick Townsend & Stockton LLP serves as the Debtors' special counsel. Perella Weinberg Partners L.P. is the Debtors' financial advisor. Deutsche Bank Securities Inc. serves as the Debtors' investment banker and M&G advisor. Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice, claims and administrative agent. The U.S. Trustee for Region 4 has appointed five creditors to the Official Committee of Unsecured Creditors. Michael S. Stamer, Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq., Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at LeClairRyan. * * * The Debtors have won authority to sell the Hampden Mining Complex (including the assets of Logan & Kanawha Coal Company, LLC), the Hazard Mining Complex (other than the assets of Laurel Mountain Resources LLC) and the Triad Mining Complex for $52 million plus the assumption of certain environmental and other liabilities, to a unit of Blackhawk Mining. The Buyer is represented by Mitchell A. Seider, Esq., and Charles E. Carpenter, Esq., at Latham & Watkins LLP. KID BRANDS: Net Loss Down to $921,692 at July 30 ------------------------------------------------ Kids Brands, Inc. and its debtor affiliates, on Sept. 16, 2014, filed their monthly operating report for the month of July 2014. Kid Brands Inc. posted a net loss of $921,692 in July on zero revenue, a decrease from the $3.43 million net loss incurred in June. At July 31, the Debtors had total assets of $52.65 million, total liabilities of $90.94 million, and a total shareholders' equity of -$38.31 million. Kid Brands Inc. recorded total receipts of $100,000 and total disbursements of $2.21 million. The disbursements include professional fees of $904,975. A copy of the monthly operating report is available at: http://bankrupt.com/misc/KidBrandsmorJuly.pdf About Kid Brands Based in Rutherford, New Jersey, Kid Brands, Inc., is a designer, importer, marketer, and distributor of infant and juvenile consumer products. Its operating subsidiaries consist of Kids Line, LLC, CoCaLo, Inc., Sassy, Inc., and LaJobi, Inc. Providing "everything but the baby" for a child's nursery, the company sells infant bedding and accessories under the Kids Line and CoCaLo brands; nursery furniture under the LaJobi brand; and baby care items under the Kokopax and Sassy brands. Citing their inability to raise capital due to contingent liabilities and operational issues, Kid Brands and six of its U.S. subsidiaries each filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 14-22582) on June 18, 2014. To preserve the value of their assets, the Debtors are pursuing a sale of the assets pursuant to section 363 of the Bankruptcy Code. As of April 30, 2014, the Debtors had $32.40 million in total assets and $109.1 million in total liabilities. As of the Petition Date, unsecured debts totaled $54 million. Judge Donald H. Steckroth oversees the cases. The Debtors have sought and obtained an order directing joint administration of their Chapter 11 cases. Lowenstein Sandler LLP serves as the Debtors' counsel. PricewaterhouseCoopers LLP is the Debtors' financial advisor. GRL Capital Advisors acts as the Debtors' restructuring advisors. GRL's Glenn Langberg served as the Debtors' chief restructuring officer. Mr. Langberg also oversaw the bankruptcy and sales of Big M Inc., operator of the Mandee and Annie Sez stores. Rust Consulting/Omni Bankruptcy is the Debtors' claims and noticing agent. Salus Capital Partners LLC and Sterling National Bank have committed to provide up to $49 million in DIP financing to the Debtors. LIFE UNIFORM: Posts $178,353 in Total Receipts for September ------------------------------------------------------------ Life Uniform Holding Corp. and its affiliates, nka LUHC Wind Down Corp., et al., filed, on Oct. 7, 2014, a monthly operating report for September 2014. At Sept. 30, the Debtors listed $1.94 million in total assets, $65.17 million in total liabilities subject to compromise, and $67.10 million in total shareholders' deficit. The Debtors reported $178,353 in total receipts and $85,502 in total disbursements for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LifeUniformmorSeptember.pdf About Life Uniform Life Uniform was founded in 1965 when Angelica Corporation decided to enter the retail uniform industry. The first Life Uniform store opened in 1965 in Clayton, Missouri. At present, Life Uniform is the nation's largest independently owned medical professional supplier. Sun Uniform LLC acquired Life Uniform in July 2004. Since the acquisition by Sun the company addressed sagging profitability and overhead issues and quickly drove increases in profitability through a combination of store rationalization and sensible corporate overhead initiatives. However, recent performance has been declining in terms of revenue. This is due to the company's liquidity issues, which prevented the company from completing its e-commerce system upgrade, encourage better pricing from vendors, and maintain sufficient capital. Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and Uniform City National Inc. filed Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013. The petitions were signed by Bryan Graiff, COO, CFO, VP, secretary, and treasurer. Life Uniform Holding disclosed $10,695,870 in assets and $36,821,034 in liabilities as of the Chapter 11 filing. Life Uniform and Uniform City received court authority on July 26, 2013, to sell the business for $22.6 million to Scrubs & Beyond LLC. There were no competing bids, so an auction wasn't held. Effective as of Aug. 26, 2013, the Bankruptcy Court authorized changes to the name and caption of the Debtors' cases: (1) Life Uniform Holding Corp. changed to LUHC Wind Down Corp.; (2) Healthcare Uniform Company, Inc. changed to HUCI Wind Down, Inc.; and (3) Uniform City National, Inc., changed to UCNI Wind Down, Inc. First lien lender CapitalSource Finance LLC is owed on a $11.5 million revolver and $26 million term loan. CapitalSource is represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP. Sun Uniforms Finance LLC is owed $6.1 million in principal on a second lien note and holds two additional notes, each in the original principal of $1.08 million. Angelica Corp. holds an unsecured junior subordinate not in the principal amount of $5.48 million. Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg, LLP, serves as the Debtors' counsel. Epiq Bankruptcy Solutions acts as the Debtors' administrative agent, and claims and noticing agent. he Debtors' financial advisor is Capstone Advisory Group, LLC. rowe Horwath LLP serves as tax accountants and Brown Smith Wallace LLC as wind-down tax accountants. Richard Stern, Esq., at Luskin Stern & Eisler LLP, was appointed independent fee examiner in the case. Luskin, Stern & Eisler LLP serves as his counsel and The Rosner Law Group LLC, serves as his Delaware counsel. The Official Committee of Unsecured Creditors is represented by Seth Van Aalten, Esq., at Cooley LLP, and Ann M. Kashishian, Esq., at Cousins Chipman & Brown, LLP as counsel. The U.S Trustee for Region 3 appointed Boris Segalis of InfoLawGroup LLP as consumer privacy ombudsman in the case. LONG BEACH MEDICAL: Had $1.46 Million Cash at August 31 ------------------------------------------------------- Long Beach Medical Center filed, on Sept. 23, 2014, a monthly operating report for August 2014. The Debtor reported a net loss of $36,084 in August on net revenues of $77,357. At Aug. 31, the Debtor declared total assets of $35.40 million, total liabilities of $81.28 million, and a total shareholders' equity of -$45.88 million. The Debtor had a cash balance of $1.30 million at August 1. It recorded total receipts of $490,653 and total disbursements of $328,561 for the month. At the end of the month, the Debtor had $1.46 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LongBeachMedicalmorAugust.pdf About Long Beach Medical Center Long Beach Medical Center, formerly Long Beach Memorial Hospital, was a 162-bed, community-based hospital offering primary, acute, emergency and long-term health care to residents of Long Beach, New York. Founded in 1922, LBMC was a teaching facility for the New York College of Osteopathic Medicine. LBMC was shut down after superstorm Sandy devastated the hospital in October 2012. Long Beach Memorial Nursing Home Inc, runs the The Komanoff Center for Geriatric and Rehabilitative Medicine, a 200-bed skilled nursing facility affiliated with LBMC. It provides services for residents requiring long term nursing home care and short term post-acute (sub-acute) care. Currently there are 127 residents of Komanoff. Long Beach Medical Center and Long Beach Memorial Nursing Home d/b/a The Komanoff Center for Geriatric and Rehabilitative Medicine, sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case Nos. 14-70593 and 14-70597) on Feb. 19, 2014. Long Beach Medical Center scheduled $17,400,606 in total assets and $84,512,298 in total liabilities. Garfunkel Wild P.C. serves as the Debtors' counsel. GCG, Inc., is the Debtors' claims and noticing agent. The Hon. Alan S. Trust presides over the cases. The U.S. Trustee has appointed three members to the official committee of unsecured creditors. The panel retained Klestadt & Winters, LLP, led by Sean C. Southard, Esq., as counsel. LONGVIEW POWER: Cash Balance Increases to $38.16-Mil. at Aug. 31 ---------------------------------------------------------------- Longview Power, LLC, et al., on Sept. 29, 2014, filed a monthly operating report for August 2014. The Debtors incurred a net loss of $10.53 million in August on total revenues of $10.23 million. The Debtors recorded total assets of $1.71 billion, total other current liabilities of $1.01 billion, total other non-current liabilities of $73.37 million, and a total shareholders' equity of $684.19 million. The Debtors started August with $35.78 million cash. They posted total receipts of $38.93 million and total disbursements of $36.55 million for the month. About $2.46 million in professional fees were a portion of the Disbursements for the month. At the end of the month, the Debtors had a cash balance of $38.16 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LONGVIEWPOWERaug2014mor.pdf About Longview Power LLC Longview Power LLC is a special purpose entity created to construct, own, and operate a 695 MW supercritical pulverized coal-fired power plant located in Maidsville, West Virginia, just south of the Pennsylvania border and approximately 70 miles south of Pittsburgh. The project is owned 92% by First Reserve Corporation (First Reserve or sponsor), a private equity firm specializing in energy industry investments, through its affiliate GenPower Holdings (Delaware), L.P., and 8% by minority interests. Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case 13-12211) on Aug. 30, 2013. The petitions were signed by Jeffery L. Keffer, the Company's chief executive officer, president, treasurer and secretary. The Debtor estimated assets and debts of more than $1 billion. Judge Brendan Linehan Shannon presides over the case. Kirkland & Ellis LLP and Richards, Layton & Finger, P.A., serve as the Debtors' counsel. Lazard Freres & Company LLC acts as the Debtors' investment bankers. Alvarez & Marsal North America, LLC, is the Debtors' restructuring advisors. Ernst & Young serves as the Debtors' accountants. The Debtors' claims agent is Donlin, Recano & Co. Inc. The Debtor disclosed assets of $1,717,906,595 plus undisclosed amounts and liabilities of $1,075,748,155 plus undisclosed amounts. Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as of September 11, 2013, a committee of unsecured creditors has not been appointed in the case due to insufficient response to the U.S. Trustee's communication/contact for service on the committee. MEE APPAREL: Net Loss Down Again to $155,221 in August ------------------------------------------------------ MEE Apparel LLC, on Sept. 26, 2014, filed its monthly operating report for August 2014. The Debtors reported a net loss of $155,221 at Aug. 23 on zero revenues for the month, a decrease from the $213,064 net loss reported in July. At August 23, the Debtors had total assets of $1.50 million, total current liabilities of $6.17 million, total liabilities subject to compromise of $18.99 million, and a total shareholders' equity of -$23.66 million. The Debtors posted zero cash receipts and $144,33 in total cash payments for August. A copy of the monthly operating report is available at: http://bankrupt.com/misc/MEEApparelmorAugust.pdf About MEE Apparel Founded in 1993 by Marc Ecko, Gerszberg and Marci Tapper, MEE Apparel LLC and MEE Direct LLC are providers of youth apparel and streetwear under the "Ecko Unltd." and "Unltd." brands. Evolving from just six t-shirts and a can of spray paint, MEE has become a full scale global fashion and lifestyle company. In 2013, MEE Apparel generated gross sales of approximately $50 million. MEE Apparel LLC and MEE Direct LLC filed Chapter 11 bankruptcy petitions (Bankr. D.N.J. Case Nos. 14-16484 and 14-16486) on April 2, 2014. As of the Petition Date, the Debtors had assets of approximately $30 million and liabilities of $62 million, including $25 million of debt outstanding to unsecured creditors. Judge Christine M. Gravelle presides over the Chapter 11 cases. The petitions were signed by Jeffrey L. Gregg as chief restructuring officer. Cole, Schotz, Meisel, Forman & Leonard, P.A., serves as the Debtor's counsel. Prime Clerk LLC is the Debtor's claims and noticing agent. Innovation Capital, LLC, acts as the Debtor's investment banker. Suchman LLC closed the purchase of substantially all of MEE's assets pursuant to the asset purchase agreement dated May 30, 2014. The sale was valued at $12 million. The U.S. Trustee for Region 3 has appointed five members to the Official Committee of Unsecured Creditors. Counsel for Committee is David M. Posner, Esq., Otterbourg, P.C., in New York. The Committee also retains Capstone Advisory Group LLC as financial advisor. METRO FUEL: Ends August with $7.57 Million Cash ----------------------------------------------- Metro Fuel Oil Corp., et al. filed, on Sept. 22, 2014, their monthly operating report for August 2014. The Debtors reported a net loss of $111,642 on zero sales for the month. At Aug. 31, the Debtors listed posted total assets of $7.71 million, total liabilities of $61.06 million, and a total shareholders' equity of -$53.35 million. The Debtors had a beginning balance of $7.59 million at Aug. 1. They listed total receipts of $61 and total disbursements of $16,383 for the month. As a result, the Debtors had $7.57 million cash at Aug. 31. A copy of the monthly operating report is available at: http://bankrupt.com/misc/METROFuelOilmorAugust2014.pdf About Metro Fuel Metro Fuel Oil Corp., is a family-owned energy company, founded in 1942, that supplies and delivers bioheat, biodiesel, heating oil, central air conditioning units, ultra low sulfur diesel fuel, natural gas and gasoline throughout the New York City metropolitan area and Long Island. Owned by the Pullo family, Metro has 55 delivery trucks and a 10 million-gallon fuel terminal in Brooklyn. Financial problems resulted in part from cost overruns in building an almost-complete biodiesel plant with capacity of producing 110 million gallons a year. Based in Brooklyn, New York, Metro Fuel Oil Corp., fka Newtown Realty Associates, Inc., and several of its affiliates filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Lead Case No. 12-46913) on Sept. 27, 2012. Judge Elizabeth S. Stong presides over the case. Nicole Greenblatt, Esq., at Kirkland & Ellis LLP, represents the Debtor. The Debtor selected Epiq Bankruptcy Solutions LLC as notice and claims agent. Th Debtor tapped Carl Marks Advisory Group LLC as financial advisor and investment banker, Curtis, Mallet-Prevost, Colt & Mosle LLP as co-counsel, AP Services, LLC as crisis managers for the Debtors, and David Johnston as their chief restructuring officer. The petition showed assets of $65.1 million and debt totaling $79.3 million. Liabilities include $58.8 million in secured debt, with $48.3 million owing to banks and $10.5 million on secured industrial development bonds. Metro Terminals Corp., affiliate of Metro Fuel Oil Corp., disclosed $38,613,483 in assets and $71,374,410 in liabilities as of the Chapter 11 filing. The U.S. Trustee appointed a seven-member creditors committee. Kelley Drye & Warren LLP represents the Committee. The Committee tapped FTI Consulting, Inc. as its financial advisor. On Feb. 15, 2013, the Bankruptcy Court entered an order approving the sale of substantially all of the assets of the Debtors to United Refining Energy Corp., for the base purchase price of $27,000,000, subject to adjustments. MINERAL PARK: Projects $117.13MM in Total Receipts Thru Jan. 2015 ----------------------------------------------------------------- Mineral Park, Inc., et al., filed an initial monthly operating report on Sept. 9, 2014. The Initial MOR contains a cash flow projection for the period covering the week ended Aug. 22, 2014 through the week ended Jan. 2, 2015. For the stated period, the Debtors project cash receipts to total $117.13 million and disbursements to total $113.11 million. Disbursements include $72.71 million in Vendor Disbursements, $12.96 million in Salaries and Wages, and $5.97 million in Natural Gas. The Initial MOR also includes a schedule of retainers paid to professionals. Among the Debtors' bankruptcy professionals are Pachulski Stang Ziehl and Jones LLP, Prime Clerk, and Evercore. A copy of the Initial MOR is available at: http://bankrupt.com/misc/MineralPark1stmor.pdf About Mineral Park Mineral Park, Inc., Bluefish Energy Corp. and two affiliates commenced proceedings under Chapter 11 of the Bankruptcy Code in Delaware on Aug. 25, 2014. The cases are pending before the Honorable Kevin J. Carey and are jointly administered under Case No. 14-11996. Mineral Park and its affiliated debtors are subsidiaries of Mercator Minerals Ltd. ("MML"), a mineral resource company engaged through various subsidiaries in the mining, exploration, development and operation of its mineral properties in Mohave County, Arizona, and Sonora, Mexico. Mineral Park's principal asset is the Mineral Park Mine, a producing copper-molybdenum mine located near Kingman, Arizona. Bluefish is the owner and operator of the industrial gas turbine power generator at the Mine. British Columbia, Canada-based MML, which has shares trading on the Toronto Stock Exchange under the trading symbol "ML", is not included in the bankruptcy filing. The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as counsel, Evercore Group LLC as investment banker, FTI Consulting, Inc., as financial advisor, FTI's David J. Beckman as CRO, and FTI's Paul Hansen as assistant CRO. Prime Clerk LLC is the claims and noticing agent. Mineral Park estimated $100 million to $500 million in assets and debt. NAUTILUS HOLDINGS: Incurs $91,000 Net Loss in August ---------------------------------------------------- Nautilus Holdings Limited, et al., on Sept. 30, 2014, filed their monthly operating report for August 2014. Debtor Nautilus Holdings Ltd. incurred a net loss of $91,000 in August on total revenues of $277,000. At Aug. 31, Debtor Nautilus Holdings Ltd. had total assets of $95.41 million, total liabilities of $496,000, and a total shareholders' equity of $94.92 million. The Debtors recorded total cash receipts of $7.22 million and total cash disbursements of $4.19 million for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/NautilusHoldings_morAugust.pdf About Nautilus Holdings Nautilus Holdings Limited and 20 affiliated companies, including Nautilus Holdings No. 2 Limited, filed bare-bones Chapter 11 bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 14-22885) in White Plains, New York, on June 23, 2014. The affiliates are Nautilus Holdings No. 2 Limited; Nautilus Shipholdings No. 1 Limited; Nautilus Shipholdings No. 2 Limited; Nautilus Shipholdings No. 3 Limited; Able Challenger Limited; Charming Energetic Limited; Dynamic Continental Limited; Earlstown Limited; Findhorn Osprey Limited; Floral Peninsula Limited; Golden Knighthead Limited; Magic Peninsula Limited; Metropolitan Harbour Limited; Metropolitan Vitality Limited; Miltons' Way Limited; Perpetual Joy Limited; Regal Stone Limited; Resplendent Spirit Limited; Superior Integrity Limited; and Vivid Mind Limited. The Debtors' cases have been assigned to Judge Robert D. Drain, and are being jointly administered for procedural purposes. Hamilton, Bermuda-based Nautilus estimated $100 million to $500 million in assets and debt. Monrovia, Liberia-based Reminiscent Ventures S.A. owns 100% of the stock. Nautilus has tapped Jay Goffman, Esq., Mark A. McDermott, Esq., Shana A. Elberg, Esq., and Suzanne D.T. Lovett, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, in New York, as counsel; and AP Services, LLC, as financial advisor. Epiq Bankruptcy Solutions LLC serves as the claims and noticing agent. NE OPCO: Had $838,858 Ending Cash Balance at Aug. 31 ---------------------------------------------------- NE Opco, Inc., dba National Envelope, and its debtor-affiliates, filed, on Sept. 24, 2014, their monthly operating report for August 2014. The Debtors incurred a net loss of $86,263 for the month. At Aug. 31, the Debtors declared total assets of $1.16 million, total liabilities of $135.90 million, and a total shareholders' deficit of $134.74 million. The Debtors started the month with a cash balance of $931,325. They listed $92,378 in net cash used in operating activities. At month end, the Debtors had $838,858 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/NEOpcomoraugust2014.pdf About NE OPCO, Inc. National Envelope is the largest privately-held manufacturer of envelopes in North America. Headquartered in Frisco, Texas, National Envelope has eight plants and 15 percent of the envelope market. Revenue of $427 million in 2012 resulted in a $60.1 million net loss, continuing an unbroken string of losses since 2007. NE OPCO, Inc., doing business as National Envelope, along with affiliate NEV Credit Holdings, Inc., filed petitions seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 13-11483) on June 10, 2013. The company disclosed liabilities including $148.4 million in secured debt, with $37.5 million owing on a revolving credit and $15.6 million on a secured term loan. There is a $55.7 million second-lien debt 82 percent held by a Gores Group LLC affiliate. National Envelope, then known as NEC Holdings Corp., first sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on June 10, 2010. The business was bought by Gores Group LLC for $208 million in a bankruptcy sale. National Envelope, through NE OPCO, has returned to bankruptcy to pursue a plan of reorganization or sell the assets as a going concern via 11 U.S.C. Sec. 363. The Debtor plans to facilitate a sale of the business with publicly traded competitor Cenveo Inc. In the 2013 case, the company tapped the law firm Richards, Layton & Finger as counsel, PricewaterhouseCoopers LLP as financial adviser, and Epiq Bankruptcy Solutions as claims and notice agent. The Gores Group is represented by Weil, Gotshal and Manges LLP and Lowenstein Landler LLP. Salus Capital Partners, the DIP agent, is represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht & Tunnell LLP. Wells Fargo Capital Finance, LLC, the prepetition senior agent, is represented by Goldberg Kohn Ltd and DLA Piper. The Official Committee of Unsecured Creditors is represented by Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq., Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J. Keane, Esq. Guggenheim Securities, LLC, serves as its investment banker and financial advisor. National Envelope won court approval on July 19, 2013, for a global settlement permitting a sale of the company without objection from the official unsecured creditors' committee. The settlement ensures some recovery for unsecured creditors. The Company also won final approval for $67.5 million in bankruptcy financing being supplied by Salus Capital Partners LLC. Judge Christopher Sontchi authorized three buyers to acquire National Envelope's business for a total of about $70 million. Connecticut-based printer Cenveo Inc. acquired National Envelope's operating assets for $25 million, Hilco Receivables LLC picked up accounts receivable for $25 million and Southern Paper LLC took on its inventory for $15 million. PACIFIC STEEL: Suffers $929,297 Net Loss in August -------------------------------------------------- Pacific Steel Casting Company filed, on Sept. 30, 2014, its monthly operating report for August 2014. The Debtor suffered a net loss of $929,297 on total revenues of $321,031 for the month. At August 31, the Debtor declared total assets of $35.13 million, total liabilities of $51.73 million, and a total shareholders' deficit of $16.60 million. The Debtor had $2.60 million cash at the beginning of the month. It recorded total cash receipts of $13.86 million and total cash disbursements of $14.14 million. At the end of the month, the Debtor had $2.32 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/PacificSteelmorAugust.pdf About Pacific Steel Casting, Berkeley Properties Pacific Steel Casting Company and Berkeley Properties, LLC, separately filed Chapter 11 bankruptcy petitions (Bankr. N.D. Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014. Pacific Steel's petition was signed by Charles H. Bridges, Jr., chief financial officer and director. Michael W. Malter, Esq., at Binder & Malter, LLP serves as the Debtors' counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors' claims, noticing and balloting agent. Burr Pilger Mayer, a certified public accounting firm, serves as financial consultants. Pacific Steel makes carbon, low-alloy and stainless steel castings for U.S. and international customers, largely for heavy-duty trucks and construction equipment. The U.S. Trustee for Region 17 appointed seven creditors to serve on the Official Committee of Unsecured Creditors. The Committee is represented by Ori Katz, Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter & Hampton LLP. REVEL AC: Net Loss Decreases to $9.65 Million in July ----------------------------------------------------- Revel AC, Inc., et al., on Sept. 25, 2014, filed their monthly operating report for the month of July 2014. The Debtors incurred $9.65 million in net losses with $19.78 million in net revenues for July, a slight decrease from the $10.44 million net loss incurred in the previous month. At August 31, the Debtors recorded $551.22 million in total assets, $122.33 million in total liabilities not subject to compromise, $479.39 million in total liabilities subject to compromise, and -$50.50 million in total shareholders' equity. The Debtors had $10.50 million cash at July 1. They listed total receipts of $71.53 million and total disbursements of $72.13 million. Disbursements include professional and restructuring fees of $406,730. At the end of the month, the Debtors had $9.90 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/RevelACmorJuly.pdf 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. SOUND SHORE: Had $376,852 Cash at August 31 ------------------------------------------- Sound Shore Medical Center of Westchester and its affiliates, on Sept. 30, 2014, filed their monthly operating report for August 2014. The Debtors' consolidated balance sheet showed total assets of $52.04 million, total liabilities of $149.58 million, and a total shareholders' equity of -$97.54 million. Sound Shore Medical Center of Westchester had $463,271 cash at August 1. It reported total receipts from operations of $327,414 and total disbursements from operations of $259,789. At month end, the Debtor had $376,852 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SoundShoreMedicalmorAugust.pdf About Sound Shore Medical Center Sound Shore Medical Center of Westchester, Mount Vernon Hospital Inc., Howe Avenue Nursing Home and related entities sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22840) on May 29, 2013, in White Plains, New York. The Debtors were the largest "safety net" providers for Southern Westchester County in New York. Affiliated with New York Medical College, Sound Shore is a not-for-profit 242-bed, community based- teaching hospital located in New Rochelle, New York. Mountain Vernon Hospital is a voluntary, not-for-profit 176-bed hospital located in Mount Vernon, New York. Howe Avenue Nursing Home is a 150-bed, comprehensive facility. The Debtors tapped Burton S. Weston, Esq., at Garfunkel Wild, P.C. as counsel; Alvarez & Marsal Healthcare Industry Group, LLC, as financial advisors; and GCG Inc., as claims agent. Alston & Bird LLP represents the Official Committee of Unsecured Creditors. Deloitte Financial Advisory Services LLP serves as the Committee's as financial advisor. Sound Shore disclosed assets of $159.6 million and liabilities totaling $200 million. Liabilities include a $16.2 million revolving credit and a $5.8 million term loan with Midcap Financial LLC. There is $9 million in mortgages with Sun Life Assurance Co. of Canada (US) and $11.5 million owing to the New York State Dormitory Authority. Neubert, Pepe & Monteith, P.C., represents Daniel T. McMurray, the patient care ombudsman for Sound Shore. The Debtors filed for bankruptcy to sell their assets, including their hospital and nursing home operations, to the Montefiore health system. On Aug. 8, 2013, the Bankruptcy Court entered an order, as affirmed and ratified by a Supplemental Sale Order entered on Oct. 15, 2013, approving the sale to Montefiore New Rochelle Hospital, Inc., Schaffer Extended Care Center, Inc., Montefiore Mount Vernon Hospital, Inc. and certain related affiliates. In June 2013, Montefiore added $4.75 million to its purchase offer to speed up the sale. Montefiore raised its bid to $58.75 million plus furniture and equipment as part of a request for a private sale of the hospitals. On Nov. 6, 2013 at 12:01 a.m., the closing of the Sale occurred and the sale became effective. Montefiore is represented by Togut, Segal & Segal LLP. SOURCE HOME: Net Loss Increases to $2.91 Million at Aug. 31 ----------------------------------------------------------- Source Home Entertainment, LLC, et al., filed, on Sept. 30, 2014, their monthly operating report for August 2014. Source Interlink Distribution LLC suffered $2.91 million in net losses with $501 in total net revenues for August, an increase from the $1.67 million net loss incurred for the previous month. Source Interlink Distribution LLC declared total assets of $110.68 million, total liabilities of $184.07 million, and a total shareholders' equity of -$73.39 million. Source Interlink Distribution LLC reported total receipts of $1.21 million and total disbursements of $2.23 million for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SourceHomeEntertainmentmorAugust.pdf About Source Home Entertainment and Source Interlink Headquartered in Bonita Springs, Florida, Source Home Entertainment, LLC, manufactures front-end retail checkout displays and is a leading distributor of books, periodicals, and other printed material. Its distribution network spans over 32,500 retail locations in the U.S. and abroad. In the twelve months ended April 30, 2014, Source Home generated revenues totaling approximately $600 million on a consolidated basis. As of March 31, 2014, Source Home had assets (not including goodwill or intangibles) of $205 million and liabilities of approximately $290 million. Source Interlink Distribution, LLC disclosed $82,729,238 in assets and $104,521,951 in liabilities. Source Home, Source Interlink Manufacturing, LLC, and other affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 14-11553) on June 23, 2014, to sell their front-end retail display fixtures business to lenders, absent higher and better offers. The Debtors are winding down their books distribution business. The Debtors have tapped Kirkland & Ellis LLP as general bankruptcy and corporate counsel; Young Conaway Stargatt & Taylor, LLP, as co-counsel, FTI Consulting, Inc., as crisis and turnaround advisor; and Kurtzman Carson Consultants, LLC, as claims agent. Stephen Dube has been designated by the Debtors to act as chief restructuring officer and Joshua Korsower to act as chief financial officer. The United States Trustee for Region 3 appointed seven creditors to serve on the Official Committee of Unsecured Creditors. The Committee is represented by Lowenstein Sandler LLP, and Duane Morris LLP. The Committee tapped PricewaterHouseCoopers LLP as its financial advisor. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers' public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. A list of Meetings, Conferences and Seminars appears in each Wednesday's edition of the TCR. Submissions about insolvency- related conferences are encouraged. Send announcements to conferences@bankrupt.com by e-mail. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to the nation's bankruptcy courts. The list includes links to freely downloadable of these small-dollar petitions in Acrobat PDF documents. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2014. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $975 for 6 months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Peter A. Chapman at 215-945-7000 or Nina Novak at 202-241-8200. *** End of Transmission ***